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Speaker 1: Why from our nations came this budget thing is going

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Speaker 1: to do nothing Space Force. I still think it's interesting

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

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

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

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Speaker 1: my DNA. The Senate map in looks a lot different

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

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

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

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

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Speaker 1: nine one and one, five point h D two Impeachment

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Speaker 1: public week two. All of the latest on the more

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Speaker 1: than five are handful or so States Department officials set

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Speaker 1: to testify this week. Meanwhile, did you hear this? President

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Speaker 1: Trump met with FED chair Ja Powell and Treasury Secretary

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Speaker 1: Minution to talk about the economy and a rare sitdown.

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Speaker 1: All of this coming just this morning, and the latest

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Speaker 1: on on twenty and the US and China trade fallout.

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

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Speaker 1: Bloomberg Radio Lots to get through. I went up briefly

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Speaker 1: over the weekend Asbury Park to check out, uh where

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Speaker 1: Bruce Springsteen was based, and I'm on the train or back.

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Speaker 1: I'm coming back to Washington last night, and I'm like, Wow,

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Speaker 1: what a busy week it's going to be, which is

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Speaker 1: why I am so thrilled. This is the first time

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Speaker 1: on the program for for our esteemed first guest, my colleague,

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Speaker 1: my boss, one of my top bosses here at Bloomberg

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Speaker 1: hired me at the company folks Marty Shanker, Bloomberg's chief

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Speaker 1: content officer a k a. The man in charge, Marty,

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Speaker 1: Thank you so much for being here. I have two bosses,

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Speaker 1: so I'm not completely in charge. Uh So let's start

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Speaker 1: with impeachment. I was at the White House earlier this morning,

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Speaker 1: and it seems like this is a make or break

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Speaker 1: week for both Republicans and Democrats as it relates to

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Speaker 1: the impeachment. Saw the first round of hearings for this

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Speaker 1: week's set to begin tomorrow. Gordon Sonlon on Wednesday. Gordon

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Speaker 1: Silon is the man in the middle of all of this,

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Speaker 1: the EU Ambassador. He was reportedly on the phone call

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Speaker 1: with President Trump when Trump asked Sonland, whether or not

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Speaker 1: the investigations were going along with the Ukraine President Zelinsky

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Speaker 1: into the bidens. How crucial is this week for the

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Speaker 1: impeachment Marty shanker Well. I obviously Sonland is a key

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Speaker 1: witness because he had many conversations with President Trump, and

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Speaker 1: even more broadly, the Wall Street Journal reported this morning

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Speaker 1: that Sonlon was keeping other White House aids abreast of

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Speaker 1: how things were going on this effort to get investigations

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Speaker 1: under way. So he's a key figure. I'm not sure

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Speaker 1: whether this is really make or break week for the

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Speaker 1: investigation investigation into impeachment, because I think the sides have

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Speaker 1: hardened and no one's going to change their mind. You know.

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Speaker 1: Even beyond that, yesterday, how Speaker Nancy Pelosi was was

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Speaker 1: speaking on CBS Face the Nation about all of this

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Speaker 1: impeachment saga. Take a listen to what she had to

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Speaker 1: say yesterday on CBS Face the Nation. Here she is,

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Speaker 1: he should not frivolously throw out insults, but that's what

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Speaker 1: he does. I think part of it is his own

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Speaker 1: insecurity as an impostor. I think he knows full well

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Speaker 1: that he's in that office way over his head, and

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Speaker 1: so he has to diminish everyone else, Speaker Pelosi saying

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Speaker 1: the president in over his head. Then she goes on

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Speaker 1: to characterize this entire saga as a violation of the Constitution.

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Speaker 1: Here she is again one of many things that the

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Speaker 1: president does that are completely out of the question, that

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Speaker 1: are not impeachable, and they're about the election. But when

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Speaker 1: it comes to violating the Constitution of the United States,

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Speaker 1: as he undermines our national secure, already jeopardizes the integrity

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Speaker 1: of our elections, and dishonors his own oath of office,

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Speaker 1: that's about impeachment. She goes on to dare him, Marty Schanker,

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Speaker 1: Bloomberg chief Content Officer, essentially to testify, to testify and

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Speaker 1: to work with the impeachment inquiry. He then, this morning,

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Speaker 1: I was at the White House, gonna happen, tweets out

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Speaker 1: that he would be willing to submit written answers. Is

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Speaker 1: that a mistake? He said, he'd strongly consider it, which

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Speaker 1: you know, I think Donald Trump strongly considers about thirty

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Speaker 1: things a day, um, but then doesn't do them. And

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Speaker 1: I would be supremely surprised if he were to testify,

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Speaker 1: either in writing or in person. Um. But look, Nancy

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Speaker 1: Pelosi knows how to play Donald Trump, and of all

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Speaker 1: the Democratic leaders that I see, she is the one

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Speaker 1: who really gets under his skin. Uh. And you could

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Speaker 1: hear from those soundbites how she does it. She very

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Speaker 1: matter of factly and uh, you know, not using extreme language,

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Speaker 1: calls him out for what he thinks he is, and

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Speaker 1: I think he doesn't know quite what to do with that.

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Speaker 1: It's it really is fascinating just to watch all of

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Speaker 1: this play out in terms of where the chatter is,

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Speaker 1: where Speaker Pelosi stands within the Democratic Party. Was so

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Speaker 1: much going on on the left flank of her party

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Speaker 1: as well, and even just this in the last couple

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Speaker 1: of hours, the headlines continue to trickle in virtually in

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Speaker 1: real time. Holmes remember him, David Holmes. He is the

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Speaker 1: staff member at the US embassy in Kiev. He testified

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Speaker 1: last week behind closed doors. He's the one that said

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Speaker 1: Trump asked Sonlin about the quote unquote investigations as it

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Speaker 1: relates to Joe Biden in the elections. Now we're hearing

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Speaker 1: that he is going to testify in public this week

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Speaker 1: on Thursday. Meanwhile, coupled with all of this is Secretary

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Speaker 1: of State Mike Pompeo, and we kick start the day

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Speaker 1: with NBC News reporting that he is on an island

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Speaker 1: unto himself as it relates to the administration, and that

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Speaker 1: they're getting attacked. And then he comes out and releases

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Speaker 1: a comment just within about two hours ago and says

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Speaker 1: that he's proud of the team. His words, proud of

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Speaker 1: the team. I always defend State's apartment employees, he says

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Speaker 1: in a press briefing a couple of hours ago. UH.

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Speaker 1: And he declined to say whether he agreed with Trump's tweet.

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Speaker 1: During Ivanovitch's testimony last week, Marty, Wow, they and I

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Speaker 1: have to think that's in direct response to Tom Friedman's

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Speaker 1: editorial in New York Times Today, where I think it

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Speaker 1: was headlined Mike Pompeo was last in his class in

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Speaker 1: ethics at West Point and it was a really brutal

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Speaker 1: UH takedown of Pompeo and how he basically stabbed in

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Speaker 1: the back uh Yan of covic Is uh testimony before

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Speaker 1: Congress and took a to task for not in in

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Speaker 1: in the consequence of him being a military man ultimately

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Speaker 1: a graduate of West Point, how he failed to take

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Speaker 1: care of his fellow soldier in battle, and it was

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Speaker 1: really a tough, tough editorial, and I he was responding

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Speaker 1: directly to that. It is. It is really interesting. I'm

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Speaker 1: gonna let you go here in a second. You've ben

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Speaker 1: so generous with your time. Marty Shanker, Bloomberg's chief content officer.

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Speaker 1: We finally have a new poll out as it relates

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Speaker 1: to impeachment and ABC News uh ipsos poll sevent of

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Speaker 1: Americans thank President Trump's requests to a foreign leader to

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Speaker 1: investigate his political rival. I'm reading from ABC's poll here

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Speaker 1: was wrong. A slim majority of Americans fifty one believe

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Speaker 1: that the president's actions were wrong and he should be

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Speaker 1: impeached and removed from office. But only one of Americans

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Speaker 1: are saying that they're following the hearings. Put this in

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Speaker 1: relation to where so so to where America is right

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Speaker 1: now as we start week two of the public impeachment. Well,

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Speaker 1: the interesting thing about that poll is that differential of

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Speaker 1: people seventy to agree that he did something wrong and

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Speaker 1: only think he should be impeached and removed. That's his base. Yeah,

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Speaker 1: those are the people who on for whom Donald Trump

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Speaker 1: can do no wrong, uh and certainly can't be impeached

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Speaker 1: for it, so that actually does not vote particularly well

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Speaker 1: for Donald Trump because most of the polling shows at

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Speaker 1: approval rating in and around there. That suggests uh that

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Speaker 1: that support maybe uh drifting away. Marty Shanker, thank you

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Speaker 1: so much for your time. The Boss. The Boss himself,

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Speaker 1: Marty Shanker, Bloomberg's content officer, Coming up Panel reacts, You've

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Speaker 1: got an all star panel today, A great show to

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Speaker 1: Abe Stoddard's here, Kevin Wallings here, so much to get through.

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Speaker 1: You can download the Bloomberg Sound On podcast on Apple,

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Speaker 1: it tunes, at Bloomberg dot com, or by downloading the

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Speaker 1: Bloomberg Business app. You can also find on Radio dot com,

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Speaker 1: I Heart Radio and Spotify. I'm Kevin's really I'm still

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Speaker 1: annoyed about that Eagle's loss. You're listening to Bloomberg. Thank you.

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Speaker 1: You're listening to Bloomberg Sound On with Kevin Surrel on

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Speaker 1: Bloomberg and one oh five point seven F M H

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Speaker 1: D two. I think I know about half the people

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Speaker 1: in this town, Hoagie. After that loss yesterday, my Eagles

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Speaker 1: losing to the to the New England Patriots. Ab Stoddard's here.

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Speaker 1: She is also devastated. Can we just say that you're devastated. Yes,

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Speaker 1: actually I have empathetic devastation because I love you so much.

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Speaker 1: Thank you it in your face and it's really good.

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Speaker 1: It really was a bummer. It was a really big bummer.

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Speaker 1: Abe Starters, associate editor and columnists at Real Clear, Politican

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Speaker 1: president of the Kevin's Really Fan Club, Thank you a b.

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Speaker 1: You know you're the only one in the club. And

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Speaker 1: oh it and and I'm sorry Kevin Wallinger micros off.

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Speaker 1: He's a democratic strategist, h G. Creative media. What'd you say?

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Speaker 1: Also in the fan club? Enough about we need it's

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Speaker 1: been it's been a time, a time to be a reporter. Okay,

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Speaker 1: let's get to well. First of all, I didn't even

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Speaker 1: get to cover all of the impeachment headlines with Marty

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Speaker 1: because they're happening in real time, and they're happening so quickly,

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Speaker 1: and every day there's just a new twist and turn.

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Speaker 1: I didn't mention that the President criticized Vice President Pence's

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Speaker 1: aid who set to testify at the impeachment hearing. He

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Speaker 1: slammed Jennifer Williams as she's going to testify this week,

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Speaker 1: and he called her a never Trumper. She's a longtime

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Speaker 1: State Department employee currently a special advisor depends. Uh, and

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Speaker 1: she was on that July phone call. Uh, it's it's amazing. Maybe,

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Speaker 1: I mean, what else did I forget happened today with impeachment? Oh,

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Speaker 1: I don't know, but there's just, um, I think all

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Speaker 1: eyes are on Songlin because of the reference to the

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Speaker 1: Wall Street Journal reporting about the emails whether or I

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Speaker 1: was going to take the fifth and everything, and he

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Speaker 1: obviously he really you know, executed the rudy President Trump

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Speaker 1: black ops plan. Right, So that's that's really a big deal,

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Speaker 1: and everyone's in hot anticipation of that. But it is, um,

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Speaker 1: it is amazing to see. We're not amazed, right when

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Speaker 1: we see these tweets when President Trump throws people who

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Speaker 1: are working in the White House for the vice president,

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Speaker 1: you know, on the train tracks and calls everyone never trumpers.

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Speaker 1: But it's really hard to watch Mike Pompeo not say

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Speaker 1: something about Marie Ivanovich and not say something about Bill Taylor.

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Speaker 1: It was really a terrible mind that I want to

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Speaker 1: pick up on that because you're you're you're so um

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Speaker 1: closely watching that whole orbit. And so when you heard

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Speaker 1: from Secretary of State Mike Pompeo this afternoon, what was

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Speaker 1: take us inside his mind? What was his calculation in

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Speaker 1: standing by the president and not taking those questions on Ivanovitch.

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Speaker 1: So his calculation, I think he's shown us as always

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Speaker 1: to stand by the president. That's the number one priority.

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Speaker 1: And and any any comments that would help me out

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Speaker 1: the State Department, any comments that would UM give credit

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Speaker 1: the credence credibility UM credit, any kind of supporter or

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Speaker 1: affirmation for the service of Bill Taylor, the testimony of

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Speaker 1: Bill Taylor, the service of Maria Ivanovitch, the testimony of

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Speaker 1: Maria Vanovitch would be seen by President Trump as disloyal.

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Speaker 1: And that's been made clear to all of us. And

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Speaker 1: we know from the NBC reporting reference from first thing

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Speaker 1: this morning, that that the President is dumping on Mike

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Speaker 1: Pompeo because these people who were doing their jobs in

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Speaker 1: a nonpartisan way, UM trying to further our national security

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Speaker 1: goals in our foreign policy objectives, are testifying and President

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Speaker 1: Trump thinks that's something that Pompeio should be stopping or

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Speaker 1: controlling in some way. So it was just it's one

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Speaker 1: thing to read the reporting and imagine these conversations. And

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Speaker 1: it's another to actually when you know now you've you know,

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Speaker 1: you've watched Taylor and Ivanovitch, it's really hard to see

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Speaker 1: the Secretary of State not uh affirm the value of

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Speaker 1: their service. It's just it was really really staggering. I mean,

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Speaker 1: they're just so I mean, it's I think if there's

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Speaker 1: one thing the past couple of years that it's done,

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Speaker 1: it's shined the light on the brave men and women

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Speaker 1: who are in the foreign service. And it's a very

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Speaker 1: different role than the military, who are equally who are

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Speaker 1: you know, patriots in their own right and and uh,

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Speaker 1: but there's thousands of them all over the world who

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Speaker 1: work either at the state's Department or for the State's department,

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Speaker 1: through every administration or what part, no matter what party.

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Speaker 1: What's awful is that we're not going to get people

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Speaker 1: like that. If they're gonna get trashed, if they're gonna

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Speaker 1: be targeted, and they're gonna be vulnerable, and they're gonna

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Speaker 1: actually worry for their security, their own personal security and

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Speaker 1: that of their families. Um, we're not going to get

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Speaker 1: the best people coming in anymore than the people like

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Speaker 1: a Purple Heart recipient like Bill Taylor, Maria Ivanovitch thirty

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Speaker 1: three years for life and hardship assignments and all these

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Speaker 1: different countries moving around. We're just not going to get that.

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Speaker 1: If people have been watching these hearings this week and

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Speaker 1: see what can happen to you in those roles. Wow.

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Speaker 1: Pivoting off of that, the campaign, we haven't really seen

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Speaker 1: much of differentiation in terms of where the candidates are.

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Speaker 1: But if your Senator Elizabeth Moore and Bernie Sanders or them,

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Speaker 1: Kevin Wahling, Democratic strategists, they have to to to start

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Speaker 1: making some scheduling, some scheduling calls because this thing is

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Speaker 1: going to be kicked into the early heart part of

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Speaker 1: next year. Yeah, it's a good point, Kevin, and you

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Speaker 1: alluded to the interview that Speaker Plosi gave on CBS

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Speaker 1: yesterday where she talked a little bit about the timeline

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Speaker 1: and it's fairly open ended, right, So we don't have

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Speaker 1: necessarily schedule for the Intelligence Committee as of next week

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Speaker 1: in terms of who will be called. I think there's

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Speaker 1: some moving pieces, but it's every indication that this is

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Speaker 1: going to go into next year. There were some hopes

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Speaker 1: that it would be wrapped up by the end of

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Speaker 1: this calendar year by the end of December. But it's

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Speaker 1: very clear, as you point out, you've got five or so,

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Speaker 1: Elizabeth Warren, Michael Bennett, Corey Booker, Bernie Sanders, everybody. I

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Speaker 1: know my Poul Michael Bennett. I only saw a picture

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Speaker 1: of him on the stage in in Las Vegas yesterday

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Speaker 1: addressing that convention out there to remind me that he's

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Speaker 1: actually running as well. So you've got these key senators

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Speaker 1: for Secretary of State potentially who will be forced to

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Speaker 1: sit through uh days weeks of testimony before the Senate

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Speaker 1: committee course that's going to be run by the Republicans,

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Speaker 1: and they have uh indicated that they want to, you know,

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Speaker 1: call their own witnesses, Hunter Biden, others and extenuate that process.

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Speaker 1: You know, it's it's good news for Pete Buddha judge,

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Speaker 1: the South ben mayor of Indiana because he surged to

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Speaker 1: it to a new poll, the registered poll. And Cianna,

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Speaker 1: did you see this poll? I mean I always checked, yeah, museum.

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Speaker 1: Does anybody else do that? Yeah? Do you do that?

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Speaker 1: A b Well, So they have this absolutely because it's

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Speaker 1: every newspaper in the country is they're gonna end from

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Speaker 1: the museum closes. I don't know a by Johns. Hopkins

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Speaker 1: bought it right, So hopefully we're gonna get to the

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Speaker 1: bottom of that. Stay tuned this week, anyone, But they

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Speaker 1: have all of the fromt pages and the De Moines

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Speaker 1: Register today has has Bernie Warren and Biden on like

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Speaker 1: a climbing up a giant pile of hay and then

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Speaker 1: Buddha Judges on top. And this news De Moines registered

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Speaker 1: CNN poll has the thirty seven year old mayor of

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Speaker 1: South Bend, Indiana the first choice for of Democratic Caucus

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Speaker 1: goers uh. And that's a significant increase from the nine

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Speaker 1: percent he had back in September. Obviously, the race is

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Speaker 1: still incredibly fluid. Warren's at six, Biden and Sanders are

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Speaker 1: at but you look at these numbers, they're gonna have

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Speaker 1: to be in UH in d C except Biden and

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Speaker 1: Buddha jet jb right, and then ostensibly that could help them.

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Speaker 1: So a lot of the Republicans schemesters in town are

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Speaker 1: really hoping that McConnell will get it done by the

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Speaker 1: end of January in order because they, of course would

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Speaker 1: like Senator Warrant to be the nominee. So um and

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Speaker 1: they don't want to advantage Biden Buddha. So that's I

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Speaker 1: don't know what's you know what what they can do.

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Speaker 1: It's obviously up to Nancy Pelosi. UM. If I were

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Speaker 1: advising the Democrats, I would tell them to slow the

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Speaker 1: hell down. UM. I would not do this without John Bolton,

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Speaker 1: he is the lynch pen. UM. I would UM make

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Speaker 1: those senators who are going to have to weigh in

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Speaker 1: on this, UM go through every news cycle about Lev

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Speaker 1: Parnis and Rudy Giuliani, who's possibly has been wire tapped

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Speaker 1: in as the target of a huge and broad and

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Speaker 1: deep investigation by the Southern District of New York. Find

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Speaker 1: out if the other secret servers discussions with President or

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Speaker 1: to Want or President Putin or the Crown Prince of

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Speaker 1: Saudi Arabia get leaked, UM, all sorts of terrible things.

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Speaker 1: UM could befall this president in terms of more revelations. Well,

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Speaker 1: they need the acting chief of staff or Giuliani have

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Speaker 1: told associates around them they don't think the president can

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Speaker 1: throw them under the bus because they know too much.

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Speaker 1: There is more to this, UH, and a trial as

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Speaker 1: soon as possible was the best thing for Republicans and

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Speaker 1: if Pelosi is smart, she will wait and take this

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Speaker 1: one day at a time and see where the revelations

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Speaker 1: take us, and she will not rush it. I just

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Speaker 1: feel like we have we always have great panels on

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Speaker 1: this show. But when I think of the talent and

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Speaker 1: this with Marty A. B And Kevin, what a great show,

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Speaker 1: what a great perspective. Coming up, We're gonna talk Hong Kong.

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Speaker 1: We're also going to talk the Central Bank. Did you

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Speaker 1: see this to be a fly on the wall? And

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Speaker 1: this meeting, You've got the FED chairman hanging out with

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Speaker 1: President Trump at the White House and then they have

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Speaker 1: dueling statements. Where do you hear what the tweet was?

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Speaker 1: And what the Fed chair tweet posted up from the

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Speaker 1: from the border governors can't make it up. Download the

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Speaker 1: Bomberg Sound On podcast on Apple iTunes, at Bloomberg dot com,

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Speaker 1: or by downloading the Bloomberg Business App. You can also

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Speaker 1: find me on Radio dot com, I Heart Radio and Spotify.

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Speaker 1: I'm Kevin Crelli. I owe everybody a HOGI you're listening

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Speaker 1: to Bloomberg. This is Bloomberg's Sound On with Kevin Shirley

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Speaker 1: on Bloomberg and one oh five point seven f M

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Speaker 1: h D two and I don't have anything, so I'll

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Speaker 1: defer to the White House about a particular statements and

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Speaker 1: the like. I don't have anything else to say about

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Speaker 1: the Democrats impeachment proceedings. He's got nothing to say, folks.

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Speaker 1: That's Secretary of State Mike Pompeio earlier today talking about

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Speaker 1: well not. I mean, I guess you wanted to get

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Speaker 1: out front of a camera and say something, but didn't

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Speaker 1: say anything. As it relates to the impeachment inquiries. Public

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Speaker 1: Stage Round two set forward this week. Abe Stoddard's here.

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Speaker 1: She's the executive editor at Real Clear Politics dot com.

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Speaker 1: Kevin Wallings here, democratic strategist over at HG Creative Media.

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Speaker 1: Let's talk policy. We've we've we've had an impeachment heavy

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Speaker 1: show today. We talked about twenty but there was a

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Speaker 1: lot of policy news that went on, first and foremost

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Speaker 1: on the trade front. U S M c A could

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Speaker 1: still get done by the end of the year. Then

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Speaker 1: it always happens when I'm at the White House, I'm

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Speaker 1: miked up, I'm on Bloomberg TV, and they get in

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Speaker 1: my ear and they go, okay, did you see this

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Speaker 1: statement from the Fed? Thinking to myself. What happened at

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Speaker 1: the FED Powell FED Chair J Powell met with President

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Speaker 1: Trump earlier today at the White House, and they put

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Speaker 1: out a statement saying that they had a great meeting,

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Speaker 1: and uh, Pal's comments were quote unquote consistent with his

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Speaker 1: remarks and his congressional hearings last week. Very like FED speak,

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Speaker 1: very by the book and deliberate and boring, for lack

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Speaker 1: of a better word, I mean meaning that's the tone

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Speaker 1: that they want. Every word that comes out of the

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Speaker 1: Central Bank can move the markets. Trump tweets out, I

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Speaker 1: hate to laugh. Just finished a very good and cordial

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Speaker 1: meeting at the White House with J. Powell, the Federal served.

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Speaker 1: Everything was discussed, including interest rates, negative interest low inflacement, easing,

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Speaker 1: dollar strength and its effect on manufacturing Chaine with China,

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Speaker 1: EU and others. Uh. It's just remarkable wayby just to see,

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Speaker 1: you know, just to see interest rates and negative interests,

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Speaker 1: all of that, all of the stuff that like would

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Speaker 1: make FED watchers cringe, just to see him tweet that up.

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Speaker 1: We know about the role aids addiction that everyone who

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Speaker 1: works because of his obviously not only ability to move

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Speaker 1: the markets recklessly, but his you know, he enjoys it.

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Speaker 1: I mean, it's we know that so um, we know

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Speaker 1: that when he designated the Chinese currency manipulator in the

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Speaker 1: first week of August, everyone had to scrambled had tried

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Speaker 1: to talk him out of it a million times, and

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Speaker 1: to scrambled him up with a statement later in the day.

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Speaker 1: This is how he rolls. But um, but it's um,

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Speaker 1: you know, he's largely gotten what he wanted. Um, and

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Speaker 1: so he's not technically he's lead. You know, got leaned

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Speaker 1: off the bullying of JAP for a while. UM. And

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Speaker 1: I think that was an issue with Republican senators and

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Speaker 1: as you know, not everything is a lot of things

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Speaker 1: they just let him scream about it is It is interesting.

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Speaker 1: I mean last week, just the dynamics of the President

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Speaker 1: speaking at the Economic Club of New York City in

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Speaker 1: raising criticism that he's raised for quite some time against

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Speaker 1: the FED chair, and then the next day you have

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Speaker 1: the FED chair still just refusing to to engage almost

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Speaker 1: and just being incredibly responsible FED speak. Yeah, but doing

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Speaker 1: what he's supposed to do. He can't indulge himself. And

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Speaker 1: it's but it is interesting to watch just that that calculation.

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Speaker 1: I want to I want to mention something else that's

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Speaker 1: been in the news today. A second policy issue, Kevin,

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Speaker 1: get your response to it, and that's Hong Kong. Because

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Speaker 1: the Senate Majority Leader Mitch McConnell has fact Fast the

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Speaker 1: fast Tract legislation put forth by bipartisan group of senators

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Speaker 1: led by Senator Marco Rubio that would show the support

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Speaker 1: for the Hong Kong protesters and require the State Department

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Speaker 1: to do so annually at least annually um. And this

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Speaker 1: is something that the A. B and I have talked

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Speaker 1: about before, but this is something that many folks in

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Speaker 1: the Republican Party have been wondering. Where where is the

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Speaker 1: president in terms of Hong Kong? And now you're seeing

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Speaker 1: Republicans in the Senate uh put forth this legislation. Yeah,

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Speaker 1: it's just another example I think of of Republicans in

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Speaker 1: the Senate kind of forcing the president to do the

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Speaker 1: right thing hopefully. You know, I was so moved when

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Speaker 1: the protests started that you know, they're singing the Star

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Speaker 1: Spangled banner the protesters in the airports, right you see

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Speaker 1: the video. The images are so compelling, and you know

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Speaker 1: Abbes point earlier about diplomats putting themselves in harm's way

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Speaker 1: and often being attacked by this president. The same thing

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Speaker 1: goes with these reporters on the ground that are right

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Speaker 1: there in the in the thick of things, covering these reports,

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Speaker 1: these these protests, and seeing these students that have kind

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Speaker 1: of now been holed up in a specific building a

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Speaker 1: few buildings on campus that now the military police are

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Speaker 1: moving in on those areas. We must do something, and

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Speaker 1: it is hopeful to see is bipartisan action on this,

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Speaker 1: hopefully pushing the president in the right direction. Maybe I've

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Speaker 1: got a question for you, because the President hasn't said

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Speaker 1: one way or another whether he would sign this bill

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Speaker 1: into law. The House has passed a similar version of

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Speaker 1: this already. I think what we we sometimes lose focus

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Speaker 1: on is that Hong Kong is uh an avenue for

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Speaker 1: there to be direct foreign investment into China. It's a

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Speaker 1: it's a middle ground of sorts between the US Hong

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Speaker 1: Kong and then ultimately would end up in China. And

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Speaker 1: one of the things that Rubio's bill wants folks to do,

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Speaker 1: as the Council of Foreign Relations puts it, is to

429
00:24:37,160 --> 00:24:39,680
Speaker 1: ask the President to report to Congress on whether US

430
00:24:39,720 --> 00:24:43,960
Speaker 1: technology has been transferred from Hong Kong to China for

431
00:24:44,160 --> 00:24:48,080
Speaker 1: use of the of China's surveillance systems. We're in the

432
00:24:48,119 --> 00:24:50,040
Speaker 1: middle of a trade war with China. China says they

433
00:24:50,080 --> 00:24:54,960
Speaker 1: don't like this bill. Um, this could prove a tricky situation.

434
00:24:56,000 --> 00:24:58,200
Speaker 1: Hong Kong is is definitely wrapped up, I would say,

435
00:24:58,200 --> 00:25:00,560
Speaker 1: in the middle of the US China trade war. Oh.

436
00:25:00,680 --> 00:25:05,760
Speaker 1: I will be completely stunned if this actually goes through

437
00:25:05,920 --> 00:25:09,359
Speaker 1: the Senate and the President is on board, because he

438
00:25:09,520 --> 00:25:13,440
Speaker 1: has intentionally been silent on this issue. Uh he there

439
00:25:13,480 --> 00:25:16,200
Speaker 1: was reporting months back that he told Presidency that he

440
00:25:16,400 --> 00:25:19,200
Speaker 1: was just gonna be cool about Hong Kong and not

441
00:25:19,440 --> 00:25:22,200
Speaker 1: like make it difficult for him because you know, we've

442
00:25:22,240 --> 00:25:25,480
Speaker 1: got trade stuff going on. Trump is all transactional. He

443
00:25:25,560 --> 00:25:28,560
Speaker 1: does not stand up for American values unless it's the

444
00:25:28,720 --> 00:25:33,639
Speaker 1: easy punchline to market something he wants. And Um, this

445
00:25:33,920 --> 00:25:38,240
Speaker 1: is the Republican senators panicking on their foreign policy values.

446
00:25:39,000 --> 00:25:40,480
Speaker 1: And this is what's so hard to see someone like

447
00:25:40,560 --> 00:25:43,200
Speaker 1: mom Peo, I know, is a Russia hawk. He is,

448
00:25:43,480 --> 00:25:46,159
Speaker 1: UM would naturally be horrified about what's going on in

449
00:25:46,280 --> 00:25:49,399
Speaker 1: Hong Kong. He would push back, all these people are

450
00:25:49,480 --> 00:25:51,520
Speaker 1: not that speech. A couple of weeks ago where he

451
00:25:51,680 --> 00:25:55,879
Speaker 1: was very critical of China as it relates to Hong Kong. Right,

452
00:25:55,920 --> 00:25:57,840
Speaker 1: So they can get upset about the NBA, but when

453
00:25:57,880 --> 00:26:00,359
Speaker 1: it really pushed comes to shove and and the protests

454
00:26:00,400 --> 00:26:04,600
Speaker 1: get more violent. Um, I would love for Mitch McConnelly

455
00:26:04,720 --> 00:26:06,280
Speaker 1: right that this is gonna get fast track and head

456
00:26:06,280 --> 00:26:08,159
Speaker 1: over to the President's desk and we're gonna make a

457
00:26:08,200 --> 00:26:10,760
Speaker 1: statement as Americans and the unified as a unified government.

458
00:26:11,200 --> 00:26:13,200
Speaker 1: I can't imagine that happening. So those are the two

459
00:26:13,280 --> 00:26:15,520
Speaker 1: policy issues of the day. We so we talked about

460
00:26:15,560 --> 00:26:19,440
Speaker 1: that coming up. What's on the panel's radar? Uh A B.

461
00:26:19,960 --> 00:26:22,119
Speaker 1: Stoddard and Kevin Walling will both fill us in on

462
00:26:22,200 --> 00:26:26,120
Speaker 1: what they're watching and chronicling. Uh And, and I'll give

463
00:26:26,119 --> 00:26:28,359
Speaker 1: you what's on my radar. Download Bloomberg Sound on podcast

464
00:26:28,440 --> 00:26:31,119
Speaker 1: on Apple iTunes, at Bloomberg dot com, or by downloading

465
00:26:31,320 --> 00:26:33,320
Speaker 1: the Bloomberg Business app. You can also find us on

466
00:26:33,480 --> 00:26:36,679
Speaker 1: Radio dot com, I Heart Radio and Spotify. And Kevin Serelli,

467
00:26:36,720 --> 00:26:41,200
Speaker 1: I'm headed to Atlanta on Wednesday after Gordon Silan's testimony.

468
00:26:41,560 --> 00:26:43,639
Speaker 1: We're gonna go right to the airport and we're covered

469
00:26:43,720 --> 00:26:47,240
Speaker 1: We're going to cover the Democratic presidential debate this week.

470
00:26:47,359 --> 00:26:56,359
Speaker 1: Keep listening. You're listening to Bloomberg on. This is Bloomberg.

471
00:26:56,560 --> 00:27:05,840
Speaker 1: Sound on with on Bloomberg nine one two. It's Monday, folks, Monday, Monday,

472
00:27:05,880 --> 00:27:09,720
Speaker 1: after an Eagles lost Patriots win. It's really just like

473
00:27:09,840 --> 00:27:14,199
Speaker 1: it once in my Sunday. Kevin's really Chief Washington correspondent

474
00:27:14,240 --> 00:27:18,520
Speaker 1: for Bloomberg Television and Bloomberg Radio. Hey, Penn State's looking good? Uh,

475
00:27:18,640 --> 00:27:21,399
Speaker 1: Kevin wallis here, Kevin woggs a Democratic Strategies. Did you

476
00:27:21,440 --> 00:27:28,280
Speaker 1: pick a team yet, keV go Ken Irish, who's your

477
00:27:28,280 --> 00:27:34,360
Speaker 1: candidate for president? Yes? Oh? I like them all started

478
00:27:35,359 --> 00:27:37,000
Speaker 1: we would be lucky to have any of them. And

479
00:27:37,119 --> 00:27:41,000
Speaker 1: we started from said like you were going to pick

480
00:27:41,040 --> 00:27:42,720
Speaker 1: someone like, Oh I like, but I thought were dug

481
00:27:42,800 --> 00:27:46,600
Speaker 1: in football, you know, you know, you know, well, I'm

482
00:27:46,680 --> 00:27:48,600
Speaker 1: not even gonna make an analogy there on which you

483
00:27:48,680 --> 00:27:51,040
Speaker 1: know who I like based on my Instagram feed? Yeah,

484
00:27:51,119 --> 00:27:54,239
Speaker 1: I mean you're a body guy. Yeah, alright, alright, Uh

485
00:27:54,800 --> 00:27:58,080
Speaker 1: so we there's this other thing happening this week that

486
00:27:58,640 --> 00:28:01,840
Speaker 1: they've got a passing government funding bill. I mean, just

487
00:28:02,119 --> 00:28:05,800
Speaker 1: the three days we shut down in three days, three

488
00:28:05,920 --> 00:28:09,520
Speaker 1: days Thursday, just to read Eric Wawson's reporting on this.

489
00:28:09,640 --> 00:28:12,840
Speaker 1: He covers Congress for US for for for Bloomberg, and

490
00:28:13,000 --> 00:28:15,720
Speaker 1: his reporting on the Bloomberg terminal. House Democrats on Monday

491
00:28:15,840 --> 00:28:19,400
Speaker 1: release the text of their four weeks spending bill four

492
00:28:19,480 --> 00:28:22,679
Speaker 1: weeks that's it, four weeks spending bill negotiated with Republicans

493
00:28:22,720 --> 00:28:26,520
Speaker 1: to avert a federal government shutdown on Friday. The measure,

494
00:28:26,560 --> 00:28:29,600
Speaker 1: which would extend funding through December twenty, would also keep

495
00:28:29,640 --> 00:28:35,399
Speaker 1: the Export Import Bank open through that date. Wow, so

496
00:28:35,880 --> 00:28:39,760
Speaker 1: they're kicking. I mean, they're doing this to December, and

497
00:28:39,880 --> 00:28:42,560
Speaker 1: then you take a look at December and December twenty,

498
00:28:42,720 --> 00:28:47,040
Speaker 1: which is just awesome perfect. I mean, look I I

499
00:28:47,680 --> 00:28:50,360
Speaker 1: it's pathetic and it's good blocked and it's horrible and

500
00:28:50,400 --> 00:28:52,600
Speaker 1: anything else. I actually like you, Kevin. I mean, I

501
00:28:52,760 --> 00:28:56,800
Speaker 1: believe that the usmc A negotiations have been genuinely productive

502
00:28:56,840 --> 00:29:01,480
Speaker 1: because Trump will use this dune thing Democrats crazy stuff

503
00:29:01,480 --> 00:29:04,560
Speaker 1: and put the deal into like his tweets, but no

504
00:29:04,680 --> 00:29:07,320
Speaker 1: one else is trashing closely saying the Democrats are trying

505
00:29:07,360 --> 00:29:11,320
Speaker 1: to sink it. They're actually are getting close to something

506
00:29:11,400 --> 00:29:15,240
Speaker 1: and that's real and that's terrific. So um is the

507
00:29:15,320 --> 00:29:19,320
Speaker 1: casualty of legislating during impeachment, you know, getting together on

508
00:29:19,440 --> 00:29:22,200
Speaker 1: the omnibus or whatever. You know that that's why I

509
00:29:23,560 --> 00:29:27,120
Speaker 1: obviously I count on everyone in both parties in Congress

510
00:29:27,800 --> 00:29:30,200
Speaker 1: to be cool and get this, you know, on on

511
00:29:30,400 --> 00:29:34,080
Speaker 1: Thursday over the over the line. It's the President Trump

512
00:29:34,160 --> 00:29:38,440
Speaker 1: sometimes like really negative surprises, and so he I don't

513
00:29:38,480 --> 00:29:40,360
Speaker 1: know what he's gonna do, but maybe he'd like to

514
00:29:40,400 --> 00:29:43,040
Speaker 1: save it for five days before Christmas and do it then.

515
00:29:43,160 --> 00:29:45,600
Speaker 1: I don't know. It's also you can never rule out

516
00:29:45,640 --> 00:29:48,160
Speaker 1: a shutdown. The point is in the age right, because

517
00:29:48,160 --> 00:29:52,040
Speaker 1: it's it's very unlike, it's very unlike. Uh, it's very

518
00:29:52,160 --> 00:29:54,920
Speaker 1: unlike the president not to to go after any leverage,

519
00:29:54,960 --> 00:29:57,320
Speaker 1: and the U s m c A is leverage. Uh.

520
00:29:58,320 --> 00:30:01,880
Speaker 1: A shutdown arguably could would be leverage. Kevin Walling, Yeah,

521
00:30:01,960 --> 00:30:04,040
Speaker 1: to a point. I couldn't agree more. I think the

522
00:30:04,120 --> 00:30:07,840
Speaker 1: fact that we're not hearing a lot about uh you

523
00:30:08,320 --> 00:30:10,680
Speaker 1: U s m c A is a good thing. Uh,

524
00:30:10,800 --> 00:30:12,600
Speaker 1: He's not really out there tweeting about it. We're not

525
00:30:12,680 --> 00:30:15,240
Speaker 1: hearing a lot from the leadership, whether it be Richie

526
00:30:15,320 --> 00:30:17,480
Speaker 1: Neal speaker posts who would have you. So I think

527
00:30:17,880 --> 00:30:21,440
Speaker 1: the The idea that we could get an announcement by Thanksgiving,

528
00:30:21,480 --> 00:30:23,480
Speaker 1: I think is not out of the remo possibility, and

529
00:30:23,520 --> 00:30:25,480
Speaker 1: it would be a bright spot to end the year

530
00:30:25,560 --> 00:30:31,400
Speaker 1: on something with by persons support. All Right, shutdown creates

531
00:30:31,480 --> 00:30:33,320
Speaker 1: problems for the U S m c A and it

532
00:30:33,360 --> 00:30:36,040
Speaker 1: also creates problems for the stock market because because market

533
00:30:36,120 --> 00:30:39,040
Speaker 1: volatility you've seen in the past with shutdown down with

534
00:30:39,120 --> 00:30:40,880
Speaker 1: U S m c A, they're not trading on impeachment.

535
00:30:40,920 --> 00:30:42,560
Speaker 1: I feel like a broken record. I've said it every

536
00:30:42,600 --> 00:30:45,880
Speaker 1: day on the program The Street, isn't isn't moving on

537
00:30:46,160 --> 00:30:48,760
Speaker 1: on impeachment headlines and the testimony. They are moving on

538
00:30:49,080 --> 00:30:52,640
Speaker 1: every single word and report as it relates to China trade,

539
00:30:52,760 --> 00:30:55,400
Speaker 1: U S m c A trade and potentially even that

540
00:30:55,480 --> 00:30:57,560
Speaker 1: government shutdown. All right, what's on your radar, Kevin Walling?

541
00:30:58,240 --> 00:31:00,560
Speaker 1: I think you you alluded to this at the top

542
00:31:00,600 --> 00:31:02,680
Speaker 1: of the segment. The fact that David Holmes has been

543
00:31:02,720 --> 00:31:06,440
Speaker 1: added to the lineup for Thursday. He was that Foreign

544
00:31:06,560 --> 00:31:10,680
Speaker 1: Service officer that was called in after Maria Amanovich's testimony.

545
00:31:11,280 --> 00:31:15,480
Speaker 1: He spoke with the Intelligence Committee behind closed doors on Friday.

546
00:31:15,560 --> 00:31:19,360
Speaker 1: He's back before the committee alongside Fiona hill On Thursday.

547
00:31:20,040 --> 00:31:23,560
Speaker 1: He was the one that overheard EU Ambassador Silon on

548
00:31:23,680 --> 00:31:25,320
Speaker 1: the phone with Donald Trump. That is going to be

549
00:31:25,400 --> 00:31:28,239
Speaker 1: critical testimony. And that was the big surprise coming out

550
00:31:28,280 --> 00:31:31,600
Speaker 1: of Bill Taylor and Ambassador Bill Taylor's testimony last week.

551
00:31:31,960 --> 00:31:34,320
Speaker 1: You want to add something that save what's on your radar,

552
00:31:34,360 --> 00:31:35,440
Speaker 1: but do you want to pick up on this how

553
00:31:35,480 --> 00:31:39,680
Speaker 1: crucial that testimony will be. Yeah, I mean that that story,

554
00:31:39,920 --> 00:31:42,960
Speaker 1: that anecdote of that phone call is so damaging. It's

555
00:31:43,200 --> 00:31:46,200
Speaker 1: you know, Ukraine is like wired by the Russians. The

556
00:31:46,280 --> 00:31:49,360
Speaker 1: President's national security threat he's making. You know, everyone's on

557
00:31:49,400 --> 00:31:51,800
Speaker 1: their cell phones. Everyone is on cell phones. But it

558
00:31:51,880 --> 00:31:54,600
Speaker 1: obviously really paints more of a picture of how much

559
00:31:54,680 --> 00:31:57,720
Speaker 1: in um Solmon was with the President to carry out

560
00:31:57,800 --> 00:32:04,080
Speaker 1: this um drug strugg deal. So I wrote a piece

561
00:32:04,200 --> 00:32:09,000
Speaker 1: for Today about how the the the Louisiana runoff on

562
00:32:09,080 --> 00:32:13,160
Speaker 1: Saturday and the Kentucky governor election. I have marvels in

563
00:32:13,200 --> 00:32:15,920
Speaker 1: my mouth now are really science that healthcare is a

564
00:32:16,040 --> 00:32:18,800
Speaker 1: grave threat to the Republicans and President Trump next year.

565
00:32:19,200 --> 00:32:22,280
Speaker 1: What has been disappointing is how little Democrats talk about this.

566
00:32:22,320 --> 00:32:24,080
Speaker 1: They fight over Medicare for all, which is a gift

567
00:32:24,120 --> 00:32:26,400
Speaker 1: to Republicans, and if they nominate someone who supports it,

568
00:32:26,720 --> 00:32:28,880
Speaker 1: the Republicans will be rescued from the fact that they

569
00:32:28,920 --> 00:32:31,200
Speaker 1: have totally ignored the number one issue of voters in

570
00:32:31,280 --> 00:32:34,959
Speaker 1: twenty eighteen and nineteen and then twenty If not, if

571
00:32:35,000 --> 00:32:37,400
Speaker 1: the Democrats can get back to discussing the lawsuit that

572
00:32:37,720 --> 00:32:40,640
Speaker 1: threatens to implode the remainder of the program, the a

573
00:32:40,760 --> 00:32:43,680
Speaker 1: c A talking about how Medicaid expansion is really an

574
00:32:43,720 --> 00:32:45,960
Speaker 1: opportunity for them in purpling states where it hasn't been

575
00:32:46,000 --> 00:32:51,240
Speaker 1: expanded Florida, North Carolina, Georgia, Texas. Um, I'm forgetting the rest.

576
00:32:51,680 --> 00:32:54,479
Speaker 1: And these are Wisconsin. These are places where they can

577
00:32:54,560 --> 00:32:57,440
Speaker 1: make this an issue that I believe got the Sheer

578
00:32:58,080 --> 00:33:02,160
Speaker 1: elected and got and how helped re elect Governor Bell

579
00:33:02,280 --> 00:33:06,160
Speaker 1: Edwards in Louisiana because Republicans are ignoring the fact that

580
00:33:06,280 --> 00:33:09,440
Speaker 1: this is popular and these places, these red states with

581
00:33:09,600 --> 00:33:15,280
Speaker 1: rural voters facing rural hospital closure crises and everything wants

582
00:33:15,360 --> 00:33:18,880
Speaker 1: this expansion. Talking about it should be discussed at the

583
00:33:18,920 --> 00:33:21,360
Speaker 1: debate this Wednesday, you know. And I'm gonna be in Atlanta.

584
00:33:21,840 --> 00:33:24,160
Speaker 1: We're gonna be at Tyler, not Tyler Pager. I text

585
00:33:24,200 --> 00:33:26,920
Speaker 1: the Tyler paid I'm going to Tyler Pager Studios, Tyler

586
00:33:27,000 --> 00:33:31,120
Speaker 1: Perry Studios, Tyler Perry, not Bloombergs, Tyler Patrie. He's our

587
00:33:31,120 --> 00:33:33,120
Speaker 1: colleague here. He doesn't think they have a full scale

588
00:33:33,160 --> 00:33:37,160
Speaker 1: white house on the set. Can visit. Yeah, they have

589
00:33:39,320 --> 00:33:41,880
Speaker 1: test to find that more. Okay, you wonder what's on

590
00:33:41,920 --> 00:33:46,040
Speaker 1: my radar? Marijuana? Did you see this? Joe Biden. Joe

591
00:33:46,120 --> 00:33:49,040
Speaker 1: Biden was speaking at a Nevada town hall on Saturday,

592
00:33:49,080 --> 00:33:51,040
Speaker 1: and he says, quote, the truth of the matter is

593
00:33:51,080 --> 00:33:53,880
Speaker 1: there's not nearly been enough evidence that has been acquired

594
00:33:53,920 --> 00:33:57,520
Speaker 1: as to whether or not it is a gateway drug, marijuana.

595
00:33:57,640 --> 00:33:59,840
Speaker 1: This is Joe Biden. It is a debate, and I

596
00:34:00,000 --> 00:34:02,560
Speaker 1: want a lot more before I legalize it nationally. I

597
00:34:02,680 --> 00:34:04,520
Speaker 1: want to make sure we know a lot more about

598
00:34:04,560 --> 00:34:10,040
Speaker 1: the science behind it. keV I. I everyone else in

599
00:34:10,160 --> 00:34:13,240
Speaker 1: the field that's a top tier candidate is not referring

600
00:34:13,280 --> 00:34:17,200
Speaker 1: to marijuana as a very busy listening to my record

601
00:34:17,280 --> 00:34:21,480
Speaker 1: player earlier and I missed that story, all right, I

602
00:34:21,600 --> 00:34:24,840
Speaker 1: think that's a dodge. You know what, I appreciate that

603
00:34:25,000 --> 00:34:27,520
Speaker 1: that Joe Biden said was what he really feels and

604
00:34:27,600 --> 00:34:30,160
Speaker 1: didn't try to make you know, create a position that anyways,

605
00:34:30,160 --> 00:34:32,279
Speaker 1: I think there has to be more evidence. There needs

606
00:34:32,320 --> 00:34:34,000
Speaker 1: to be more research. There needs to be more research,

607
00:34:34,080 --> 00:34:36,719
Speaker 1: but I mean crime mill. That's the record he's gonna

608
00:34:36,719 --> 00:34:39,480
Speaker 1: get attacked for. He's saying that weed is a gateway drug.

609
00:34:39,800 --> 00:34:42,600
Speaker 1: That's going to be a significant hit for him, especially

610
00:34:42,640 --> 00:34:44,279
Speaker 1: if he's a top two. All Right, Thank you, Abe,

611
00:34:44,640 --> 00:34:47,200
Speaker 1: thank you Kevin Walling, Thank you to the Boss, Marty Shanker.

612
00:34:47,719 --> 00:34:51,600
Speaker 1: I'm Kevin so really Chief washing Gore's body, Bloomberg dB

613
00:34:51,680 --> 00:34:53,520
Speaker 1: and Bloomberg Radio. You're listening to Bloomberg