1 00:00:00,560 --> 00:00:04,320 Speaker 1: Now on Bloomberg with about the government. What are the 2 00:00:04,320 --> 00:00:07,560 Speaker 1: political reality The president has been increasingly frustrated. I want 3 00:00:07,560 --> 00:00:10,200 Speaker 1: to try to cut through the noise politically. This is devastating. 4 00:00:10,400 --> 00:00:15,280 Speaker 1: Sound On with Kevin cerel The insiders, the influencers, the insiders. 5 00:00:15,480 --> 00:00:17,480 Speaker 1: There is no secret that I care a lot about 6 00:00:17,520 --> 00:00:21,040 Speaker 1: the consumers. There are real questions about good tech. We 7 00:00:21,160 --> 00:00:23,680 Speaker 1: still have more leverage to use rickets harraffs. I think 8 00:00:23,720 --> 00:00:25,360 Speaker 1: we could do with a little less drama from the 9 00:00:25,400 --> 00:00:31,120 Speaker 1: white is Sound On with Kevin Sirelate on Bloomberg one 10 00:00:31,240 --> 00:00:33,240 Speaker 1: and one oh five point seven a m h D 11 00:00:33,320 --> 00:00:37,120 Speaker 1: two Boltemore, Happy hump Day, Folks on Kevin Cirelli, Bloomberger's 12 00:00:37,159 --> 00:00:41,880 Speaker 1: chief Washington correspondent for Bloomberg Television and Bloomberg Radio. Lots 13 00:00:41,920 --> 00:00:45,559 Speaker 1: of news to get through today. Secretary Nielsen of the 14 00:00:45,600 --> 00:00:50,960 Speaker 1: Department of Homeland Security testifying on Capitol Hill fireworks, Folks, 15 00:00:51,240 --> 00:00:55,400 Speaker 1: political fireworks as she continues to defend President Trump on 16 00:00:55,520 --> 00:00:59,400 Speaker 1: the ongoing saga over whether or not there should be 17 00:00:59,520 --> 00:01:05,839 Speaker 1: a deck coloration of national emergency regarding the wall. Uh. 18 00:01:05,880 --> 00:01:09,720 Speaker 1: It's divided. Republicans not up on Capitol Hill, particularly in 19 00:01:09,760 --> 00:01:13,000 Speaker 1: the Senate, where it appears the President Trump is going 20 00:01:13,040 --> 00:01:15,720 Speaker 1: to have to issue his first veto. We're going to 21 00:01:15,800 --> 00:01:20,400 Speaker 1: dive into that all star panel. Democratic strategist Kevin Walling 22 00:01:20,520 --> 00:01:24,880 Speaker 1: is back for the hour, as is Republican strategist Lawren Zelt. 23 00:01:25,200 --> 00:01:29,080 Speaker 1: We're going to talk about that about trade policy. Uh 24 00:01:29,120 --> 00:01:33,240 Speaker 1: and uh we also have uh some other news to 25 00:01:33,280 --> 00:01:36,680 Speaker 1: get through, including the U. S. China trade talked. Kevin 26 00:01:36,680 --> 00:01:41,039 Speaker 1: Walling is a Democratic strategist and also uh works at 27 00:01:41,200 --> 00:01:44,520 Speaker 1: h G Creative Media. Lawren Zelt is the founder of 28 00:01:44,640 --> 00:01:50,360 Speaker 1: Zelt Communications. Congrats on the new business law. Ye, thank you, 29 00:01:50,520 --> 00:01:53,040 Speaker 1: that's huge. And of course a Republican strategist with deep 30 00:01:53,040 --> 00:01:55,760 Speaker 1: ties into the Republican universe and the big story today. 31 00:01:55,760 --> 00:01:57,960 Speaker 1: I was up on Capitol Hill all day. Uh, a 32 00:01:58,000 --> 00:02:01,720 Speaker 1: bevy of activity. You've got Michael When testifying behind closed 33 00:02:01,720 --> 00:02:05,000 Speaker 1: doors for the House Intelligence Committee. We're gonna hear from 34 00:02:05,040 --> 00:02:08,320 Speaker 1: Congressman Chris Stewart, a member of House Intel. He's a 35 00:02:08,360 --> 00:02:12,040 Speaker 1: Republican from Utah. He's calling in later on in the program. 36 00:02:12,080 --> 00:02:15,800 Speaker 1: But but really Secretary Nielsen, she, of course the Homeland 37 00:02:15,840 --> 00:02:20,560 Speaker 1: Security Secretary, her first time testifying before the new Democratic 38 00:02:20,600 --> 00:02:26,040 Speaker 1: controlled Congress about this ongoing debate over whether there's a 39 00:02:26,200 --> 00:02:31,040 Speaker 1: national emergency. We heard the sound bite with well, actually 40 00:02:31,040 --> 00:02:33,560 Speaker 1: we have the sound bite of of the the whole 41 00:02:34,520 --> 00:02:37,920 Speaker 1: hearing that really this captures it. So here's Secretary Nielsen 42 00:02:38,240 --> 00:02:42,000 Speaker 1: facing questions from a House Committee on Homeland Security about 43 00:02:42,240 --> 00:02:45,720 Speaker 1: President President Trump's declaration of a national emergency. Here she 44 00:02:45,760 --> 00:02:47,920 Speaker 1: has listened. But I do is they give him the 45 00:02:47,919 --> 00:02:50,959 Speaker 1: operational reality. Here's what we're facing, here's what we're seeing. 46 00:02:50,960 --> 00:02:54,080 Speaker 1: Here are the facts. By my read of it, it 47 00:02:54,200 --> 00:02:57,920 Speaker 1: is an emergency. It is a dual crisis. Laura, is 48 00:02:57,919 --> 00:03:00,680 Speaker 1: this a national emergency? I don't believe it is. Um. 49 00:03:01,000 --> 00:03:03,679 Speaker 1: I I My personal opinion on this one is that 50 00:03:03,800 --> 00:03:07,000 Speaker 1: I think it's an abuse of the power of the 51 00:03:07,160 --> 00:03:10,760 Speaker 1: executive branch. Um. You see a lot of conservatives UM 52 00:03:10,880 --> 00:03:13,360 Speaker 1: holding out on this because the reality of the situation 53 00:03:13,400 --> 00:03:15,640 Speaker 1: is we're going to have a democratic president again someday 54 00:03:15,760 --> 00:03:17,760 Speaker 1: and they will be able to point back to this 55 00:03:17,840 --> 00:03:20,840 Speaker 1: moment if the President does declare this, um, you know, 56 00:03:20,960 --> 00:03:26,359 Speaker 1: and if somehow the resolution doesn't give veto, which isn't likely, UM, 57 00:03:27,440 --> 00:03:29,840 Speaker 1: they'll use this as a precedent. And I mean, is 58 00:03:29,840 --> 00:03:32,520 Speaker 1: the Green New Deal and emergency, um, you know, a 59 00:03:32,560 --> 00:03:34,440 Speaker 1: lot of things like that that I just think this 60 00:03:34,480 --> 00:03:37,400 Speaker 1: precedent is very dangerous. I I think that I do 61 00:03:37,480 --> 00:03:39,440 Speaker 1: think we have a problem at the border. We do 62 00:03:39,600 --> 00:03:42,560 Speaker 1: need common sense immigration reform. We need to find a 63 00:03:42,600 --> 00:03:44,640 Speaker 1: good way to deal with the migrants that want to 64 00:03:44,640 --> 00:03:47,200 Speaker 1: come to this country. But is it a national emergency 65 00:03:47,240 --> 00:03:51,040 Speaker 1: by constitutional standards? No, Kevin, Yeah, I mean Lauren and 66 00:03:51,040 --> 00:03:53,080 Speaker 1: I are in total agreement on this on this front. 67 00:03:53,080 --> 00:03:55,000 Speaker 1: I mean, you don't declare national emergency and then take 68 00:03:55,000 --> 00:03:57,080 Speaker 1: off the weekend to go play golf down at mar Lago. 69 00:03:57,280 --> 00:03:59,600 Speaker 1: And I think you're seeing you know, upwards of ten 70 00:04:00,160 --> 00:04:04,960 Speaker 1: Republican senators may vote against uh, this action by the 71 00:04:04,960 --> 00:04:08,160 Speaker 1: president joined the their democratic collegue colleagues that are unified 72 00:04:08,200 --> 00:04:11,000 Speaker 1: in an objection to this national emergency. I think Laurence 73 00:04:11,040 --> 00:04:13,520 Speaker 1: absolutely right in terms of its setting a president and 74 00:04:13,840 --> 00:04:16,919 Speaker 1: where they'll be Republican presidents and Democratic presidents in the 75 00:04:16,960 --> 00:04:19,400 Speaker 1: future that then can now look to this as a 76 00:04:19,520 --> 00:04:23,159 Speaker 1: power grab. Congress decides the budget, they allocate the funds, 77 00:04:23,200 --> 00:04:26,240 Speaker 1: and a president dismissing that and doing his own thing 78 00:04:26,279 --> 00:04:29,159 Speaker 1: when it comes to allocating funds is unconstitutional. Okay, But 79 00:04:29,240 --> 00:04:33,520 Speaker 1: here's what I don't understand is okay, So you've got 80 00:04:33,520 --> 00:04:36,440 Speaker 1: some Republicans like Senator Susan Collins saying that they are 81 00:04:36,520 --> 00:04:40,640 Speaker 1: going to vote with the Democrats in the House to 82 00:04:41,480 --> 00:04:44,200 Speaker 1: essentially send a bill to the President's desk that he's 83 00:04:44,200 --> 00:04:46,240 Speaker 1: gonna have to veto. He said he's going to veto it. 84 00:04:46,600 --> 00:04:49,480 Speaker 1: Then you have the ongoing legal dispute that likely will 85 00:04:49,560 --> 00:04:52,920 Speaker 1: end up in the Supreme Court over the legality of this. 86 00:04:53,520 --> 00:04:56,000 Speaker 1: But where are the folks on Capitol Hill? Where is 87 00:04:56,040 --> 00:05:00,640 Speaker 1: your former boss, Senator Mitt Romney, Where is our demo crats? Even? 88 00:05:00,880 --> 00:05:05,159 Speaker 1: Why aren't they organizing separately to come up with a 89 00:05:05,240 --> 00:05:08,440 Speaker 1: plan or a package that okay, if you don't like 90 00:05:08,520 --> 00:05:11,920 Speaker 1: to send a different package to the President's desk to 91 00:05:12,120 --> 00:05:15,520 Speaker 1: give some type of of of you know, Gang of eight, 92 00:05:15,520 --> 00:05:18,640 Speaker 1: Gang of twelve, whatever to the president to say, here 93 00:05:18,760 --> 00:05:21,520 Speaker 1: is comprehensive immigration reform. Well, you know, I think that 94 00:05:21,560 --> 00:05:24,839 Speaker 1: we've tried, you know, comprehensive immigration reform many times before. 95 00:05:24,960 --> 00:05:27,799 Speaker 1: I think that this is a difficult situation for Republican 96 00:05:27,880 --> 00:05:30,560 Speaker 1: leadership in the Senate. UM. You know, if you look 97 00:05:30,600 --> 00:05:33,640 Speaker 1: at a Senator Mit Romney his his criticism of the 98 00:05:33,640 --> 00:05:36,480 Speaker 1: Emergency Declaration, UM, it has been there. It hasn't been 99 00:05:36,520 --> 00:05:38,720 Speaker 1: as strong as I think some people might have expected. 100 00:05:39,040 --> 00:05:42,960 Speaker 1: But I expect that he'll vote to annul the emergency resolution. UM. 101 00:05:43,040 --> 00:05:45,479 Speaker 1: But you have a lot of constitutional conservatives, right, you 102 00:05:45,520 --> 00:05:48,640 Speaker 1: have Ted Cruz, UM, Mike Lee is a holdout, and 103 00:05:48,760 --> 00:05:50,840 Speaker 1: Rand Paul has has said that he will vote no 104 00:05:51,320 --> 00:05:54,440 Speaker 1: on on strictly constitutional principles. I think that the Senate 105 00:05:54,480 --> 00:05:57,320 Speaker 1: majority leaders is having a difficult time with this because 106 00:05:57,600 --> 00:05:59,600 Speaker 1: he wants to stand with the president. UM. You know, 107 00:05:59,839 --> 00:06:02,719 Speaker 1: the Senate map in looks a lot different than it 108 00:06:02,720 --> 00:06:07,320 Speaker 1: looked in UM. So you have these senators like Susan Collins, UM, 109 00:06:07,360 --> 00:06:09,560 Speaker 1: like Tom tell Us in North Carolina, where of course 110 00:06:09,600 --> 00:06:11,800 Speaker 1: they're going to vote with Democrats because they come from 111 00:06:12,160 --> 00:06:14,800 Speaker 1: swing states. And you know, it's just a very difficult 112 00:06:14,800 --> 00:06:18,760 Speaker 1: situation for leadership. But we've seen with comprehensive immigration reform, 113 00:06:18,880 --> 00:06:22,279 Speaker 1: we've tried. UM, it should happen, it needs to happen, 114 00:06:22,320 --> 00:06:24,719 Speaker 1: but this is not the political climate for it to happen. Okay, 115 00:06:24,760 --> 00:06:27,560 Speaker 1: I want to switch gears because there's another major story 116 00:06:27,640 --> 00:06:32,200 Speaker 1: that is boiling over tonight. UH. And in case we 117 00:06:32,200 --> 00:06:35,320 Speaker 1: we've been talking about this UH a little bit here 118 00:06:35,400 --> 00:06:39,839 Speaker 1: on the program, But it's Congresswoman uh Omar Uh and 119 00:06:40,560 --> 00:06:44,080 Speaker 1: Congresswoman Ellen Omar. She is, of course the freshman Democrat 120 00:06:44,760 --> 00:06:48,480 Speaker 1: and from Minnesota, and she's been tweeting anti Semitic remarks 121 00:06:48,839 --> 00:06:52,000 Speaker 1: uh and and really continue to do so. And now 122 00:06:52,080 --> 00:06:56,080 Speaker 1: you have a situation where how Speaker Nancy Pelosi is 123 00:06:56,160 --> 00:06:59,280 Speaker 1: under pressure, how is she going to handle this? And 124 00:06:59,600 --> 00:07:03,240 Speaker 1: reportedly there's going to be some type as early as tonight, 125 00:07:03,400 --> 00:07:07,160 Speaker 1: some type of vote on the House that would condemn 126 00:07:07,360 --> 00:07:11,800 Speaker 1: anti Semitic, bigoted remarks that many are interpreting as a 127 00:07:11,840 --> 00:07:17,680 Speaker 1: direct response to Congresswoman Omar. And it has totally upended 128 00:07:17,720 --> 00:07:21,160 Speaker 1: the political chatter. And typically we don't lead with stories 129 00:07:21,200 --> 00:07:24,000 Speaker 1: like this, but this is different in the sense that 130 00:07:24,160 --> 00:07:27,360 Speaker 1: it's different. Kevin. No, Yeah, I agree with you, Kevin, 131 00:07:27,480 --> 00:07:31,679 Speaker 1: and I think the congressone Uh from Minnesota Representive Omar's 132 00:07:31,680 --> 00:07:35,680 Speaker 1: remarks are unfortunate and um, you know you saw reports 133 00:07:35,720 --> 00:07:38,840 Speaker 1: coming out of a caucus, the Democratic CAUs caucus meeting today. 134 00:07:38,880 --> 00:07:41,240 Speaker 1: They got a little fiery between the leadership and rank 135 00:07:41,280 --> 00:07:43,960 Speaker 1: and file members over this issue. But I think Democrats 136 00:07:44,000 --> 00:07:47,120 Speaker 1: need to stand united behind the fact that any kind 137 00:07:47,160 --> 00:07:50,520 Speaker 1: of anti Semitic trope is not just unfortunate, it's wrong 138 00:07:50,960 --> 00:07:54,120 Speaker 1: and it needs to be called. Well, you know, it's 139 00:07:54,120 --> 00:07:56,440 Speaker 1: a great question. I mean, this is this is the second, 140 00:07:56,520 --> 00:07:58,720 Speaker 1: third time, fourth time that this has come up with 141 00:07:58,760 --> 00:08:01,720 Speaker 1: this particular member. I think some folks in leadership need 142 00:08:01,800 --> 00:08:04,480 Speaker 1: to pull her aside and have an educational moment with 143 00:08:04,520 --> 00:08:07,400 Speaker 1: her about what it means to be a member of Congress. 144 00:08:07,440 --> 00:08:10,160 Speaker 1: She's not in the legislature anymore in Minnesota, and she's 145 00:08:10,200 --> 00:08:13,320 Speaker 1: on the world stage. Put on put on your political 146 00:08:13,360 --> 00:08:16,360 Speaker 1: advising cap because you know this town. I mean, behind 147 00:08:16,440 --> 00:08:20,280 Speaker 1: the scenes, I would hardly I can't imagine that there 148 00:08:20,320 --> 00:08:23,040 Speaker 1: aren't senior folks who are you know, pulling her aside 149 00:08:23,080 --> 00:08:25,240 Speaker 1: and saying correct this. But this, as you mentioned, is 150 00:08:25,280 --> 00:08:28,280 Speaker 1: like at least the fourth time in turns and it's 151 00:08:28,320 --> 00:08:30,560 Speaker 1: out right. I mean, there's no way you can look 152 00:08:30,560 --> 00:08:32,720 Speaker 1: at this her. I don't even want to read her 153 00:08:32,760 --> 00:08:37,440 Speaker 1: tweet that it's really inappropriate. Yeah, and it's so and 154 00:08:37,480 --> 00:08:40,040 Speaker 1: it's mean spirited. And it's mean spirited, right, I mean 155 00:08:40,720 --> 00:08:42,600 Speaker 1: I want to so, what how do you get through 156 00:08:42,640 --> 00:08:45,920 Speaker 1: to someone like that, a freshman who's who's not you know, Well, 157 00:08:45,960 --> 00:08:48,880 Speaker 1: I think maybe maybe this resolution will will have some effect. 158 00:08:48,880 --> 00:08:51,000 Speaker 1: I think, um, you know, part of the problem is 159 00:08:51,400 --> 00:08:54,720 Speaker 1: a serious concerns that Democrats have with the the bb 160 00:08:54,920 --> 00:08:59,199 Speaker 1: Net and Yahoo administration ruling party of Israel, and disagreements 161 00:08:59,200 --> 00:09:02,360 Speaker 1: with uh his positions, and not being able to separate 162 00:09:02,440 --> 00:09:05,960 Speaker 1: disagreement with the leadership of Israel and Israeli citizens and 163 00:09:05,960 --> 00:09:08,880 Speaker 1: and the right to that country to exist in in 164 00:09:09,200 --> 00:09:12,120 Speaker 1: the world stage in peace and security. And I think 165 00:09:12,120 --> 00:09:15,600 Speaker 1: if Democrats need to focus on that and raining in 166 00:09:15,720 --> 00:09:19,760 Speaker 1: these remarks and condemning them outright, I think that is 167 00:09:19,800 --> 00:09:22,600 Speaker 1: a strong indication to this representative in others that may 168 00:09:22,600 --> 00:09:24,640 Speaker 1: share these views. You know, that's crazy, is like, that's 169 00:09:24,679 --> 00:09:26,760 Speaker 1: something you tell to an elementary school student. The fact 170 00:09:26,760 --> 00:09:29,120 Speaker 1: that you even have to make that case on tone 171 00:09:29,559 --> 00:09:32,800 Speaker 1: to a lawmaker, that that confuses me. Coming up, we 172 00:09:32,880 --> 00:09:36,240 Speaker 1: talked more about the controversy with Democrats and Congresswoman Omar 173 00:09:36,400 --> 00:09:40,200 Speaker 1: We also have Congressman Chris Stewart, Republican from Utah, member 174 00:09:40,200 --> 00:09:43,040 Speaker 1: of the House Intel Committee. What did Michael Cohen have 175 00:09:43,120 --> 00:09:47,319 Speaker 1: to say today? Behind closed Doors panel stays Lawren Zelt 176 00:09:47,440 --> 00:09:50,800 Speaker 1: and Kevin Walling. You can download the sound on podcast 177 00:09:50,840 --> 00:09:54,240 Speaker 1: on iTunes, at Bloomberg dot com or by downloading the 178 00:09:54,240 --> 00:09:57,520 Speaker 1: Bloomberg Business app. You can also find us on Radio 179 00:09:57,600 --> 00:10:02,040 Speaker 1: dot com and I Heart Radio. Kevin CURRELLI, this is Bloomberg. 180 00:10:04,960 --> 00:10:08,800 Speaker 1: This is Sound On with Kevin's you relate on Bloomberg 181 00:10:09,679 --> 00:10:12,000 Speaker 1: one and one oh five point seven m h D 182 00:10:12,080 --> 00:10:16,040 Speaker 1: two Boltimore. It's the twenty first century and the fact 183 00:10:16,080 --> 00:10:18,280 Speaker 1: that we have to put a resolution on the floor 184 00:10:18,280 --> 00:10:22,199 Speaker 1: and spell out for people across this country what anti 185 00:10:22,240 --> 00:10:28,640 Speaker 1: semitism means is is pretty outrageous. It's Congresswoman Debbie Wasserman Schaltz, 186 00:10:28,679 --> 00:10:32,600 Speaker 1: a Democrat from Florida. We were speaking earlier about the 187 00:10:32,679 --> 00:10:39,160 Speaker 1: brewing controversy following Congresswoman Alan Omar, the freshman congresswoman Democrat 188 00:10:39,200 --> 00:10:43,240 Speaker 1: from Minnesota, her anti Semitic remarks, anti Semitic tropes that 189 00:10:43,320 --> 00:10:46,679 Speaker 1: she's made on Twitter, and now it looks like Democrats 190 00:10:46,720 --> 00:10:48,640 Speaker 1: are going to have to have some type of resolution 191 00:10:48,720 --> 00:10:51,840 Speaker 1: brought to the floor condemning these types of remarks. But 192 00:10:52,440 --> 00:10:56,199 Speaker 1: there's some in fighting within the party. Congresswoman Alexandria Accassio 193 00:10:56,320 --> 00:11:01,160 Speaker 1: Cortez tweeting out, I'll read I'll read her tweet saying 194 00:11:01,800 --> 00:11:04,040 Speaker 1: that it's not my position to tell people how to 195 00:11:04,080 --> 00:11:07,880 Speaker 1: feel or that their hurt is invalid. Uh. And and 196 00:11:07,880 --> 00:11:10,520 Speaker 1: and she's saying no one seeks this level of reprimand 197 00:11:10,600 --> 00:11:14,920 Speaker 1: when members make statements about Latinos and other communities. This 198 00:11:15,000 --> 00:11:17,520 Speaker 1: is an issue, folks, It's gonna be It's this is 199 00:11:17,559 --> 00:11:20,560 Speaker 1: what Democrats up on the hill we're talking about all today. This, 200 00:11:20,600 --> 00:11:24,199 Speaker 1: of course, in addition to Michael Cohen testifying behind closed 201 00:11:24,200 --> 00:11:26,400 Speaker 1: doors for the House Intelligence Committee, we're going to cover 202 00:11:26,480 --> 00:11:29,679 Speaker 1: that when Congressman Chris Stewart, a member of the committee 203 00:11:29,720 --> 00:11:33,760 Speaker 1: Republican from Utah, calls in. Lauren zelt Is, a Republican 204 00:11:33,800 --> 00:11:39,760 Speaker 1: strategist just started her new consulting firm, Zelt Strategies, Comic 205 00:11:40,080 --> 00:11:44,440 Speaker 1: delt Zelt Communications. I apologize Selts Communications, uh and Kevin Walling, 206 00:11:44,440 --> 00:11:49,360 Speaker 1: democratic strategist works over h G Creative. Lauren, this is 207 00:11:49,400 --> 00:11:53,680 Speaker 1: not good for for for the Democrats. But to tow 208 00:11:53,800 --> 00:11:57,120 Speaker 1: a O. C. S point, I mean, where was this 209 00:11:57,160 --> 00:12:00,280 Speaker 1: stuff when when Congressman Steve King was making his marks 210 00:12:00,920 --> 00:12:02,640 Speaker 1: well right, you know, I mean we listened to Debbie 211 00:12:02,679 --> 00:12:05,600 Speaker 1: Wasserman Schultz Um leading up to this segment, and it's 212 00:12:05,720 --> 00:12:07,880 Speaker 1: very rare that I agree with her, but I happen 213 00:12:07,880 --> 00:12:09,680 Speaker 1: to agree with her on this one. I mean, the 214 00:12:09,720 --> 00:12:13,439 Speaker 1: remarks are are outrageous. They should be condemned. And you know, 215 00:12:13,520 --> 00:12:16,319 Speaker 1: I think this this goes to a larger point. I'm 216 00:12:16,360 --> 00:12:18,439 Speaker 1: glad that you brought Ao c Up and her weighing 217 00:12:18,440 --> 00:12:22,240 Speaker 1: in on this, because her brand of uh, you know, 218 00:12:22,400 --> 00:12:24,240 Speaker 1: I guess activism you would say, as a member of 219 00:12:24,280 --> 00:12:26,920 Speaker 1: Congress is you know, she really has made it clear 220 00:12:26,960 --> 00:12:28,560 Speaker 1: that she is not going to listen to anyone. She's 221 00:12:28,600 --> 00:12:31,200 Speaker 1: not gonna listen to leadership. She's already you know, talking 222 00:12:31,200 --> 00:12:33,760 Speaker 1: about what Democrats should be targeted in the primary because 223 00:12:33,760 --> 00:12:36,360 Speaker 1: they work with Republicans, and so I think that that 224 00:12:36,400 --> 00:12:39,280 Speaker 1: has kind of emboldened people, um, you know that have 225 00:12:39,440 --> 00:12:42,920 Speaker 1: views that perhaps certainly should not be you know, shared 226 00:12:43,280 --> 00:12:45,559 Speaker 1: um in real time on Twitter. And you know, I 227 00:12:45,640 --> 00:12:47,600 Speaker 1: think that this is indicative of our of our entire 228 00:12:47,679 --> 00:12:50,320 Speaker 1: environment right now. Um. Obviously you see a lot of 229 00:12:50,360 --> 00:12:53,360 Speaker 1: really horrible things sent by people on the right um 230 00:12:53,400 --> 00:12:56,400 Speaker 1: as well, that that absolutely should be condemned. But I 231 00:12:56,440 --> 00:12:59,400 Speaker 1: think what we're seeing on the Democrat side is almost 232 00:12:59,760 --> 00:13:05,199 Speaker 1: the Tea Party equivalent on steroids. Because even in the 233 00:13:05,200 --> 00:13:08,200 Speaker 1: new cycle didn't move as quickly, UM, people didn't feel 234 00:13:08,240 --> 00:13:11,280 Speaker 1: I think as emboldened and as keyboard warriors as they 235 00:13:11,320 --> 00:13:14,120 Speaker 1: do in in the age of Trump. You know where 236 00:13:14,160 --> 00:13:18,439 Speaker 1: Twitter is everything, and you know, yes, it's dividing democrats. 237 00:13:18,440 --> 00:13:20,560 Speaker 1: I wish that it wasn't um. You know, her remarks 238 00:13:20,640 --> 00:13:23,720 Speaker 1: are unacceptable and should be condemned full stop. All right, 239 00:13:23,800 --> 00:13:26,520 Speaker 1: let's uh, let's pitch gears. Let's talk trade policy, because 240 00:13:26,559 --> 00:13:29,480 Speaker 1: there are some new a little bit of new developments 241 00:13:29,480 --> 00:13:32,240 Speaker 1: on the ongoing US China trade policy. I was struck 242 00:13:32,280 --> 00:13:36,360 Speaker 1: by this now that the attention as trending positively for 243 00:13:36,480 --> 00:13:39,280 Speaker 1: US and China. Now we're hearing that the president is 244 00:13:39,280 --> 00:13:43,600 Speaker 1: readying increasing terrorists on European countries. So while things are 245 00:13:43,640 --> 00:13:46,640 Speaker 1: looking good in one direction, not so good in another. 246 00:13:46,720 --> 00:13:49,480 Speaker 1: And that appears to be more of a global um 247 00:13:49,840 --> 00:13:52,960 Speaker 1: negotiation strategy on behalf of this administration, according to some 248 00:13:53,040 --> 00:13:55,360 Speaker 1: of the sources that I speak with. I want to 249 00:13:55,360 --> 00:13:57,720 Speaker 1: play for you what President Trump had to say earlier 250 00:13:57,760 --> 00:14:02,959 Speaker 1: today about trade. Kevin and get server spots serious one 251 00:14:02,960 --> 00:14:05,319 Speaker 1: a little bit along. We're discussing that with Lindsay and 252 00:14:05,640 --> 00:14:09,000 Speaker 1: mitt Uh. They're moving along. Well, I will see what happens. 253 00:14:09,120 --> 00:14:11,680 Speaker 1: They're either going to be a good deal or it's not. 254 00:14:11,720 --> 00:14:13,440 Speaker 1: Gonna be a deal. But I think they're moving on 255 00:14:13,640 --> 00:14:18,240 Speaker 1: very nicely. So that was them talking about He's he's 256 00:14:18,240 --> 00:14:20,880 Speaker 1: hopeful that there's that there's going to be a new 257 00:14:21,160 --> 00:14:22,880 Speaker 1: a new deal. But again, when you talk to folks 258 00:14:22,880 --> 00:14:25,360 Speaker 1: in the business community, they are a bit perplexed to 259 00:14:25,400 --> 00:14:29,000 Speaker 1: see that the tariffs might be increasing on European nations. Yeah, 260 00:14:29,080 --> 00:14:31,120 Speaker 1: I mean, and the Commerce Department, they were a little 261 00:14:31,120 --> 00:14:33,640 Speaker 1: delayed with the government shutdown, but they released the figures 262 00:14:33,680 --> 00:14:37,040 Speaker 1: for last year's trade and balance which hit a record 263 00:14:37,160 --> 00:14:40,920 Speaker 1: eight hundred and nine one billion, the largest in our 264 00:14:41,040 --> 00:14:43,880 Speaker 1: two hundred and forty year history in this in the 265 00:14:44,160 --> 00:14:47,720 Speaker 1: in this country, and record trade deficit with China, which 266 00:14:47,760 --> 00:14:50,880 Speaker 1: hit four hundred and nineteen billions. So nearly half of 267 00:14:50,920 --> 00:14:53,880 Speaker 1: our trade deficit is with China. And this this president 268 00:14:53,920 --> 00:14:57,880 Speaker 1: campaign on reigning in our trade deficit. It is exploding. Uh, 269 00:14:57,920 --> 00:15:00,760 Speaker 1: you know, campaigned on this America First strategy, which is 270 00:15:00,760 --> 00:15:03,280 Speaker 1: not the case with these numbers. And again you can 271 00:15:03,360 --> 00:15:06,600 Speaker 1: say this is Barack Obama's economy. Maybe early on when 272 00:15:06,600 --> 00:15:10,040 Speaker 1: he inherited, uh, the the economy from the from President Obama, 273 00:15:10,120 --> 00:15:12,480 Speaker 1: but he's been in office two years. He campaigned on 274 00:15:12,600 --> 00:15:16,160 Speaker 1: reigning in trade deficits and this spending. I think a 275 00:15:16,160 --> 00:15:18,240 Speaker 1: lot of it was exasperated by the one point five 276 00:15:18,760 --> 00:15:23,680 Speaker 1: billion dollar tax plan that mainly benefited corporate American those 277 00:15:23,960 --> 00:15:27,000 Speaker 1: the most wealthiest at the top. But this is a 278 00:15:27,080 --> 00:15:30,280 Speaker 1: huge problem for this president. Heading into Ke's getting wonky. 279 00:15:30,320 --> 00:15:32,440 Speaker 1: He's crunching the number. I got the numbers in farm me. 280 00:15:34,680 --> 00:15:38,720 Speaker 1: This is Bloomberg, This is Bloomberg. Where's the Bloomberg term? Man? 281 00:15:39,360 --> 00:15:42,560 Speaker 1: Coming up? We check in with Congressman Chris Stewart, Republican 282 00:15:42,640 --> 00:15:45,640 Speaker 1: from Utah, member of the House Intelligence Committee. He was 283 00:15:45,680 --> 00:15:48,640 Speaker 1: behind closed doors all day with Michael Cohen. We'll get 284 00:15:48,640 --> 00:15:51,800 Speaker 1: back into trade policy as well. Kevin Walling gets wonky 285 00:15:51,840 --> 00:15:56,320 Speaker 1: Democratic strategists and stays with us, as does Lawren Zelt 286 00:15:56,440 --> 00:16:00,440 Speaker 1: of Zelt Communications and a Republican strad It just I'm 287 00:16:00,520 --> 00:16:03,880 Speaker 1: Kevin Serelli. You can download the sound On podcast on 288 00:16:03,960 --> 00:16:07,840 Speaker 1: Apple iTunes, at Bloomberg dot com, or by downloading the 289 00:16:07,840 --> 00:16:11,360 Speaker 1: Bloomberg Business app. You can also find us on Radio 290 00:16:11,440 --> 00:16:14,280 Speaker 1: dot com and I Heart Radio. We get WALKI here 291 00:16:14,600 --> 00:16:22,040 Speaker 1: on sound On. This is Bloomberg. This is sound On 292 00:16:22,280 --> 00:16:26,520 Speaker 1: with Kevin's he related on Bloomberg and one oh five 293 00:16:26,840 --> 00:16:30,280 Speaker 1: seven m h D two, Baltimore. Busy Day, folks. I'm 294 00:16:30,360 --> 00:16:34,400 Speaker 1: Kevin Serelli, Bloomberg News Chief Washington correspondent for Bloomberg TV 295 00:16:34,600 --> 00:16:38,240 Speaker 1: and Bloomberg Radio. We were talking about trade policy as 296 00:16:38,280 --> 00:16:41,920 Speaker 1: well as the divide within the Democratic Party over Congresswoman 297 00:16:42,400 --> 00:16:47,000 Speaker 1: Ellen Omar, the Democrat from Minnesota's anti Semitic remarks, and 298 00:16:47,040 --> 00:16:49,040 Speaker 1: now it looks like Democrats are going to have to 299 00:16:49,120 --> 00:16:53,920 Speaker 1: bring some type of measure rebuking her, and the stope 300 00:16:53,920 --> 00:16:57,640 Speaker 1: of that measure remains on certain some Democrats saying that 301 00:16:57,680 --> 00:17:00,600 Speaker 1: it should be broader to condemn all big guetry, and 302 00:17:00,680 --> 00:17:04,159 Speaker 1: not just her, but other big news in addition to 303 00:17:04,320 --> 00:17:08,240 Speaker 1: US China trade policy involves Michael Cohen. He was back 304 00:17:08,359 --> 00:17:13,040 Speaker 1: up on Capitol Hill today, this time testifying behind closed 305 00:17:13,040 --> 00:17:17,920 Speaker 1: doors before members of the House Intelligence Committee. According to 306 00:17:18,040 --> 00:17:22,280 Speaker 1: my colleague Emma Kennery's reporting on the Bloomberg terminal, President 307 00:17:22,320 --> 00:17:26,119 Speaker 1: Trump's former lawyer Michael Cohen gave the House Intel Committee 308 00:17:26,160 --> 00:17:30,679 Speaker 1: documents related to a Trump real estate project in Moscow, 309 00:17:31,119 --> 00:17:34,879 Speaker 1: which remember back in two thousand and seventeen, this is 310 00:17:34,920 --> 00:17:38,080 Speaker 1: one of the incidents that Michael Cohen lied about. The 311 00:17:38,119 --> 00:17:41,800 Speaker 1: AP breaking that story. Joining us on the telephone Congressman 312 00:17:41,880 --> 00:17:45,520 Speaker 1: Chris Stewart, a Republican from Utah. Congressman, thank you for 313 00:17:45,760 --> 00:17:48,200 Speaker 1: calling in. What did you make of what you heard 314 00:17:48,600 --> 00:17:53,560 Speaker 1: from Michael Cohen today on the House Intel Committee? Well, honestly, 315 00:17:53,560 --> 00:17:55,639 Speaker 1: it was a lot of thunder, not much rain. But 316 00:17:55,760 --> 00:17:59,120 Speaker 1: that can't I can't surprise a lot of people. I mean, look, 317 00:17:59,200 --> 00:18:03,360 Speaker 1: the republic Can Intelligence Committee did a fifteen month investigation, 318 00:18:03,440 --> 00:18:07,040 Speaker 1: the Senate until did a twenty two month investigation. Mr 319 00:18:07,119 --> 00:18:11,880 Speaker 1: Mueller's you know, two plus years, hundreds of reporters who 320 00:18:11,880 --> 00:18:14,520 Speaker 1: have been aggressively pursuing the story. I really think people 321 00:18:14,560 --> 00:18:17,760 Speaker 1: would be it would be very at least I would 322 00:18:17,800 --> 00:18:20,359 Speaker 1: be surprised to think we'd learned something dramatic at this 323 00:18:20,600 --> 00:18:23,720 Speaker 1: very late stage in the investigation. So, you know, it's 324 00:18:23,760 --> 00:18:26,400 Speaker 1: the second time we've had Mr komback before the committee, 325 00:18:26,680 --> 00:18:29,320 Speaker 1: and uh, it's been a long day. It was a 326 00:18:29,359 --> 00:18:32,960 Speaker 1: long day last week as well. But you know, honestly, 327 00:18:33,000 --> 00:18:35,879 Speaker 1: there just aren't any real bombshells. I think it would be, 328 00:18:35,920 --> 00:18:38,400 Speaker 1: as I said, very surprising if we learned something dramatic 329 00:18:38,440 --> 00:18:42,359 Speaker 1: in this late date. Congressman Christewart, Republican from Utah, joining 330 00:18:42,440 --> 00:18:45,480 Speaker 1: us on the line, headlines crossing the Bloomberg terminal. Now, 331 00:18:46,119 --> 00:18:49,800 Speaker 1: Michael Cohen gave some remarks emerging from those from that 332 00:18:49,920 --> 00:18:53,080 Speaker 1: private hearing. He says that the House hearing went quote 333 00:18:53,160 --> 00:18:56,680 Speaker 1: very well, that members seem quote unquote satisfied, and says 334 00:18:56,680 --> 00:19:00,879 Speaker 1: that he will continue to cooperate with the investing Asian Congressman, 335 00:19:01,440 --> 00:19:04,800 Speaker 1: you being a member of this committee, witnessing last week 336 00:19:04,880 --> 00:19:08,439 Speaker 1: the production that went into this very public hearing that 337 00:19:08,520 --> 00:19:11,719 Speaker 1: captivated the attention of much of the country, if not 338 00:19:11,800 --> 00:19:15,439 Speaker 1: the world, what exactly do you think is new to 339 00:19:15,560 --> 00:19:19,719 Speaker 1: be learned here or has this just become a partisan 340 00:19:20,440 --> 00:19:25,600 Speaker 1: uh event, Well, let me say the Intel Committee work 341 00:19:25,640 --> 00:19:27,919 Speaker 1: is a little bit different. Our format is very different, 342 00:19:28,000 --> 00:19:29,840 Speaker 1: and you know, we don't do it for the cameras, 343 00:19:29,840 --> 00:19:31,639 Speaker 1: which is one of the reasons that many of us 344 00:19:31,680 --> 00:19:35,240 Speaker 1: love the committee. We take our work very seriously. Now 345 00:19:35,359 --> 00:19:38,080 Speaker 1: that includes the Russian investigation, but there's also a very 346 00:19:38,080 --> 00:19:41,480 Speaker 1: important work outside of that regarding intelligence and national security 347 00:19:41,520 --> 00:19:43,880 Speaker 1: that we hopefully have some time to work on as well. 348 00:19:44,280 --> 00:19:46,200 Speaker 1: But when you look at some of the open committees 349 00:19:46,359 --> 00:19:49,960 Speaker 1: like we saw last week, Government Oversight and Judiciary, I 350 00:19:49,960 --> 00:19:53,719 Speaker 1: mean that is political theater. Everyone has five minutes they 351 00:19:53,760 --> 00:19:57,639 Speaker 1: spend four minutes and forty two making a statement of 352 00:19:57,720 --> 00:20:01,600 Speaker 1: political statement and then twenty seconds asking a question. Ours 353 00:20:01,680 --> 00:20:03,360 Speaker 1: is a little different. We we take it in one 354 00:20:03,400 --> 00:20:06,800 Speaker 1: hour blocks. Uh, majority has an hour. We have an 355 00:20:06,800 --> 00:20:10,080 Speaker 1: hour than we forty five, and we've got time to 356 00:20:10,480 --> 00:20:13,040 Speaker 1: really dive down to pursue a line of questioning in 357 00:20:13,040 --> 00:20:15,600 Speaker 1: a serious way. You're not making statements. None of us 358 00:20:15,840 --> 00:20:17,720 Speaker 1: make any statement at all down there. We just asked 359 00:20:17,760 --> 00:20:22,440 Speaker 1: since your questions. But to your question, as I said earlier, 360 00:20:22,880 --> 00:20:25,199 Speaker 1: I don't want to say it's just political theater, but 361 00:20:25,320 --> 00:20:28,200 Speaker 1: it just can't surprise people that there's no bombshells there. 362 00:20:28,880 --> 00:20:32,640 Speaker 1: Mr Cohen has been before the Special Council for months. 363 00:20:32,400 --> 00:20:35,800 Speaker 1: He's he's been interrogated by him for something like seventy hours. 364 00:20:36,119 --> 00:20:39,920 Speaker 1: He's been very public in his comments. Uh. We had 365 00:20:39,960 --> 00:20:43,080 Speaker 1: some interesting line of questions on some kind of minor details, 366 00:20:43,119 --> 00:20:46,560 Speaker 1: a few things here and there, but no dramatic, you know, 367 00:20:47,200 --> 00:20:50,160 Speaker 1: turn of events, no dramatic revelation that I think would 368 00:20:50,160 --> 00:20:54,000 Speaker 1: make people scratch their heads. Congressman Chris Stewart a Republican 369 00:20:54,080 --> 00:20:57,560 Speaker 1: from Utah, joining US He is a member of the 370 00:20:57,600 --> 00:21:00,840 Speaker 1: House Intelligence Committee. He has also served in the US 371 00:21:01,080 --> 00:21:05,280 Speaker 1: Air Force, and uh, I believe you set three world 372 00:21:05,400 --> 00:21:10,280 Speaker 1: speed records, including the fastest NonStop flight around the world. Congressman. 373 00:21:10,320 --> 00:21:13,760 Speaker 1: That's impressive, especially I just got back from Vietnam and 374 00:21:13,880 --> 00:21:16,640 Speaker 1: it was a long flight. So any anyway you could 375 00:21:16,680 --> 00:21:19,119 Speaker 1: have got me there and back faster, I would have 376 00:21:19,160 --> 00:21:22,520 Speaker 1: been appreciated. Well, thanks for bringing that up, because my 377 00:21:22,760 --> 00:21:24,320 Speaker 1: you know, flying in the Air Force was a lot 378 00:21:24,359 --> 00:21:27,520 Speaker 1: more fun than being in Congress. Well, let's stick with 379 00:21:27,560 --> 00:21:31,399 Speaker 1: their work in Congress. But uh, that's funny, uh, Congressman. 380 00:21:31,480 --> 00:21:34,639 Speaker 1: In terms of where things go from here, in particular, 381 00:21:34,680 --> 00:21:37,480 Speaker 1: there's this debate going on right now, first and foremost 382 00:21:37,480 --> 00:21:41,960 Speaker 1: about the timing of the release of the Mueller investigation, 383 00:21:42,600 --> 00:21:46,400 Speaker 1: and then whether or not the full report should be 384 00:21:46,480 --> 00:21:50,360 Speaker 1: made public. Do you believe, sir, that the that the report, 385 00:21:50,560 --> 00:21:52,880 Speaker 1: that the American people have a right to to see 386 00:21:52,920 --> 00:21:57,000 Speaker 1: the full Mueller investigation? Absolutely absolutely, And I've been saying 387 00:21:57,040 --> 00:21:59,080 Speaker 1: that from the very beginning, and for there's a number 388 00:21:59,119 --> 00:22:03,320 Speaker 1: of reasons. Number one is this has been overclassified on 389 00:22:03,359 --> 00:22:06,919 Speaker 1: almost every level. We're not talking about national security and 390 00:22:06,960 --> 00:22:09,960 Speaker 1: I'm talking this entire Russian investigation. We're not talking about 391 00:22:10,040 --> 00:22:13,720 Speaker 1: nuclear secrets. We're not talking about means or sources or methods. 392 00:22:14,200 --> 00:22:17,080 Speaker 1: There's nothing that, by its nature, or at least very 393 00:22:17,160 --> 00:22:19,440 Speaker 1: very little that, by its nature nature about this is 394 00:22:19,440 --> 00:22:23,280 Speaker 1: actually classified. This is a political exercise, and I think 395 00:22:23,320 --> 00:22:27,240 Speaker 1: the American people deserve to have complete and other transparency 396 00:22:27,280 --> 00:22:30,200 Speaker 1: into that. And the second reason is this, if there's 397 00:22:30,240 --> 00:22:33,280 Speaker 1: a single line or single paragraph of the Mueller Report 398 00:22:33,359 --> 00:22:36,359 Speaker 1: that is redacted and it isn't released, a lot of 399 00:22:36,400 --> 00:22:39,520 Speaker 1: conspiracy theorists and others who really hope there's something there 400 00:22:39,520 --> 00:22:42,040 Speaker 1: and may be disappointed in they're not a lot of 401 00:22:42,080 --> 00:22:43,640 Speaker 1: those folks are going to look at it and say, yeah, 402 00:22:43,680 --> 00:22:46,840 Speaker 1: but the conspiracy is in here, It's in this redacted part, 403 00:22:46,920 --> 00:22:49,400 Speaker 1: and they just won't show us. I just think it's 404 00:22:49,440 --> 00:22:51,960 Speaker 1: far better for everyone. I think it's better for the president. 405 00:22:52,240 --> 00:22:54,520 Speaker 1: I think it's better for the Department of Justice and 406 00:22:54,560 --> 00:22:57,320 Speaker 1: for Mr Moeller if we just released the whole thing 407 00:22:57,480 --> 00:23:00,560 Speaker 1: and let's just let it there. I mean, seriously, we've 408 00:23:00,560 --> 00:23:03,600 Speaker 1: been talking about this thing for it feels like forever. 409 00:23:03,800 --> 00:23:06,400 Speaker 1: I mean, like the country deserves to see it. At 410 00:23:06,480 --> 00:23:08,520 Speaker 1: any side, you like, the President, don't like, just just 411 00:23:08,720 --> 00:23:11,240 Speaker 1: read the thing. I want to switch gears. You are 412 00:23:11,359 --> 00:23:13,719 Speaker 1: before you got into office, you were president and CEO 413 00:23:13,800 --> 00:23:16,920 Speaker 1: of the Shipley Group. Everyone knows Shipley. You guys are 414 00:23:17,200 --> 00:23:19,600 Speaker 1: you know, the best consultants in terms of energy in 415 00:23:19,600 --> 00:23:23,800 Speaker 1: the environment. How has the US or the President's trade 416 00:23:23,840 --> 00:23:28,520 Speaker 1: policies impacted what's going on in the in the energy sector? Uh? 417 00:23:28,560 --> 00:23:32,000 Speaker 1: And and if if you can weigh in on that, Yeah, 418 00:23:32,080 --> 00:23:34,680 Speaker 1: well that's actually really interesting question. It's nice to talk 419 00:23:34,680 --> 00:23:37,720 Speaker 1: about something that they're just than the re as well, 420 00:23:37,920 --> 00:23:41,320 Speaker 1: so we do on the policies on trade, I was 421 00:23:41,520 --> 00:23:45,080 Speaker 1: initially a little bit torn on because as a Republican, 422 00:23:45,160 --> 00:23:47,159 Speaker 1: as a as you know, kind of the mantra of 423 00:23:47,200 --> 00:23:49,600 Speaker 1: the basis of Republican is pre market. We believe in 424 00:23:49,600 --> 00:23:51,639 Speaker 1: the free flow of capital and ideas and goods and 425 00:23:51,680 --> 00:23:55,119 Speaker 1: services across across borders. And we've always believed that the 426 00:23:55,119 --> 00:23:57,800 Speaker 1: President took a slightly different approach. The one thing that 427 00:23:57,880 --> 00:24:01,080 Speaker 1: I that I've become convinced that it was absolutely necessary 428 00:24:01,119 --> 00:24:06,040 Speaker 1: and that is our essential need to confront Russia. I'm 429 00:24:06,080 --> 00:24:10,119 Speaker 1: sorry China, because a their trade practices are unfair and 430 00:24:10,160 --> 00:24:13,000 Speaker 1: have been for a generation. And second, it gives them 431 00:24:13,040 --> 00:24:16,760 Speaker 1: a decided advantage on on issues of national security and 432 00:24:16,840 --> 00:24:19,320 Speaker 1: their position in the world. And I'm talked about when 433 00:24:19,359 --> 00:24:22,879 Speaker 1: they steal technology, uh, intellectual property, and they use that 434 00:24:22,920 --> 00:24:26,119 Speaker 1: to position themselves in the region and position strength, but 435 00:24:26,400 --> 00:24:29,959 Speaker 1: what their goal is to globally position themselves. And I 436 00:24:29,960 --> 00:24:32,239 Speaker 1: think we just eventually have to confront that one way 437 00:24:32,320 --> 00:24:33,720 Speaker 1: or the other. And it's going to be harder in 438 00:24:33,800 --> 00:24:36,280 Speaker 1: ten years than it is to do that now. And 439 00:24:36,320 --> 00:24:38,239 Speaker 1: the second thing I would maybe add to that is 440 00:24:38,560 --> 00:24:41,320 Speaker 1: this real, this real miracle we've seen in the United 441 00:24:41,359 --> 00:24:45,720 Speaker 1: States technology driven energy policy, energy development, and how that 442 00:24:45,760 --> 00:24:48,480 Speaker 1: has changed the world in a very positive way by 443 00:24:48,560 --> 00:24:52,320 Speaker 1: US becoming such a powerful influence in the market globally 444 00:24:52,400 --> 00:24:56,080 Speaker 1: on energy production. So and then and and to follow 445 00:24:56,160 --> 00:24:57,879 Speaker 1: up on that, I mean, just in terms of the 446 00:24:58,000 --> 00:25:00,879 Speaker 1: energy debate, as we have these US and the trade talks, 447 00:25:01,280 --> 00:25:04,280 Speaker 1: you also have the progressive left left pushing for this 448 00:25:04,400 --> 00:25:07,240 Speaker 1: new Green deal as they're calling it. How is that 449 00:25:07,760 --> 00:25:09,920 Speaker 1: I mean, I would imagine that you disagree with it, 450 00:25:09,960 --> 00:25:13,679 Speaker 1: but but how has that even emerged? How is that 451 00:25:13,760 --> 00:25:18,160 Speaker 1: debate emerging impacted the lay of the land in terms 452 00:25:18,160 --> 00:25:22,520 Speaker 1: of the energy sector and energy corporations and and for 453 00:25:22,520 --> 00:25:26,600 Speaker 1: for businesses as they try to navigate through this new 454 00:25:26,960 --> 00:25:29,560 Speaker 1: rhetoric that we're hearing from the last I mean, my 455 00:25:29,720 --> 00:25:32,520 Speaker 1: perception of the energy sector and their response to it 456 00:25:32,560 --> 00:25:35,160 Speaker 1: has been they don't take it seriously because they know 457 00:25:35,280 --> 00:25:38,639 Speaker 1: it's not a serious proposal. I mean, you can't wean 458 00:25:38,920 --> 00:25:43,159 Speaker 1: the United States off of fossil fuel carbon based energies 459 00:25:43,160 --> 00:25:47,639 Speaker 1: in ten years. That's you just it's technically technologically impossible, 460 00:25:47,680 --> 00:25:51,159 Speaker 1: and they know that, and and it would destroy our economy, 461 00:25:51,200 --> 00:25:53,480 Speaker 1: It would destroy our standard of living, It would destroy 462 00:25:53,480 --> 00:25:55,760 Speaker 1: many of the freedoms we take for granted, for example, 463 00:25:55,800 --> 00:25:57,840 Speaker 1: your ability to own a car if you want to 464 00:25:58,359 --> 00:26:01,280 Speaker 1: or to or you know, the the price and the 465 00:26:01,320 --> 00:26:05,000 Speaker 1: cost of this would be just incredibly prohibitive. So I 466 00:26:05,000 --> 00:26:07,960 Speaker 1: don't think they're overreacting to it. I do think what 467 00:26:08,280 --> 00:26:11,679 Speaker 1: the energy market is considering, and that is in the 468 00:26:11,760 --> 00:26:15,639 Speaker 1: longer term, you know, because very clearly this has taken 469 00:26:15,720 --> 00:26:17,399 Speaker 1: up a bit of a life of its own, and 470 00:26:17,440 --> 00:26:19,399 Speaker 1: that there are a surprising number of people who are 471 00:26:19,400 --> 00:26:21,800 Speaker 1: actually supporting and a being an opponent for these ideas. 472 00:26:22,160 --> 00:26:24,199 Speaker 1: In the longer term, how do we address that? How 473 00:26:24,200 --> 00:26:26,800 Speaker 1: does the energy sector address that? And I think that's 474 00:26:26,800 --> 00:26:29,600 Speaker 1: probably a positive. We need to move as aggressively as 475 00:26:29,640 --> 00:26:33,159 Speaker 1: we can towards cleaner fields. I think everyone everyone, I 476 00:26:33,160 --> 00:26:35,439 Speaker 1: think is that is the support of that idea, but 477 00:26:35,480 --> 00:26:38,160 Speaker 1: we need to do it in a reasonable way. And uh, 478 00:26:38,280 --> 00:26:42,120 Speaker 1: but this Green New Deal is just not reasonable. It's 479 00:26:42,160 --> 00:26:46,160 Speaker 1: not real. And uh and I'm surprised by a number 480 00:26:46,160 --> 00:26:48,880 Speaker 1: of really people that I know and are fairly informed 481 00:26:48,920 --> 00:26:52,000 Speaker 1: and and and people that are respect who take give 482 00:26:52,000 --> 00:26:54,760 Speaker 1: a far more credibility than I think it deserves. All right. 483 00:26:54,800 --> 00:26:58,399 Speaker 1: Congressman Chris Stewart, Republican from Utah, member of the House 484 00:26:58,480 --> 00:27:00,879 Speaker 1: Intel Committee, making the time for us on what was 485 00:27:00,920 --> 00:27:04,159 Speaker 1: a very busy day for him as he had to 486 00:27:04,200 --> 00:27:06,320 Speaker 1: be behind closed doors with Michael Cohen to be a 487 00:27:06,320 --> 00:27:09,560 Speaker 1: fly on the wall for that. Also, he's interesting, Congressman, 488 00:27:09,600 --> 00:27:12,480 Speaker 1: because I understand you're a rock climber, and I love 489 00:27:12,600 --> 00:27:16,639 Speaker 1: doing all that workout, like off off beat workout stuff. 490 00:27:16,720 --> 00:27:20,880 Speaker 1: Where's the most interesting place you've been rock climbing? Well, 491 00:27:21,000 --> 00:27:24,160 Speaker 1: that's obviously Zay National Park in my home district out 492 00:27:24,160 --> 00:27:27,639 Speaker 1: in Utah. Places in the world just to just to 493 00:27:27,760 --> 00:27:29,600 Speaker 1: drive to, just to be there, but it's got some 494 00:27:29,680 --> 00:27:31,760 Speaker 1: of the greatest rock climbing in the world too. So 495 00:27:32,440 --> 00:27:35,280 Speaker 1: you know, back when I had a life that kind 496 00:27:35,320 --> 00:27:38,120 Speaker 1: of stuff. I mean, I'd rather do that than anything. 497 00:27:38,359 --> 00:27:39,919 Speaker 1: All Right, Well, how about you take a reporter out 498 00:27:40,000 --> 00:27:43,080 Speaker 1: rock climbing. That'll be fun. Thank you, Congressman. Coming up. 499 00:27:43,359 --> 00:27:47,240 Speaker 1: Panel reacts to that interview. Lawrence oult Republican strategist, Kevin Walling, 500 00:27:47,280 --> 00:27:50,760 Speaker 1: Democratic strategist, Plus we get back into the weeds of 501 00:27:50,920 --> 00:27:55,560 Speaker 1: US China trade policy and twenty chatter. I'm Kevin Cilli. 502 00:27:55,680 --> 00:27:58,760 Speaker 1: You can download the Sound On podcast on iTunes, at 503 00:27:58,760 --> 00:28:02,560 Speaker 1: Bloomberg dot com or by downloading the Bloomberg Business app. 504 00:28:02,840 --> 00:28:05,760 Speaker 1: You can also check us out on radio dot com 505 00:28:05,800 --> 00:28:15,199 Speaker 1: and I Heart Radio. You're listening to Bloomberg. This is 506 00:28:15,280 --> 00:28:20,080 Speaker 1: Sound On with Kevin's Really on Bloomberg and one oh 507 00:28:20,119 --> 00:28:23,560 Speaker 1: five point seven of m h D two Baltimore. I'm 508 00:28:23,640 --> 00:28:27,840 Speaker 1: Kevin Seilli, Bloomberg News Chief Washington, correspondent for Bloomberg Television 509 00:28:27,880 --> 00:28:32,320 Speaker 1: and Bloomberg Radio. Kevin Walling is a democratic strategist, also 510 00:28:32,359 --> 00:28:37,480 Speaker 1: works at HG Creative, a political consulting firm, and Lawren 511 00:28:37,600 --> 00:28:41,920 Speaker 1: zelt is a Republican strategist and as the founder of 512 00:28:42,200 --> 00:28:47,200 Speaker 1: Zeltz Communications. She's also the former deputy communications director for 513 00:28:47,360 --> 00:28:50,320 Speaker 1: Senator Kelly A. Yacht and the former director of media 514 00:28:50,360 --> 00:28:56,360 Speaker 1: affairs for the Romney Ryan presidential campaign UH and also 515 00:28:56,440 --> 00:28:59,320 Speaker 1: has worked at the RNC. Thank you both for joining 516 00:28:59,760 --> 00:29:03,960 Speaker 1: for the hour. We just heard from Congressman UH Chris Stewart, 517 00:29:04,040 --> 00:29:07,440 Speaker 1: a Republican from Utah keV. I'll start with you, the Democrat. 518 00:29:07,560 --> 00:29:09,720 Speaker 1: What do you think of the Republican member of the 519 00:29:09,760 --> 00:29:12,280 Speaker 1: House Intel Committee. Yeah, I was definitely very encouraged by 520 00:29:12,520 --> 00:29:15,080 Speaker 1: Kussman Stewart's remarks in terms of the Mueller probe wanting 521 00:29:15,120 --> 00:29:17,720 Speaker 1: it to be released, uh, you know, in its entirety 522 00:29:17,760 --> 00:29:20,200 Speaker 1: to the American people. UM, I fully support that. I 523 00:29:20,240 --> 00:29:22,120 Speaker 1: think you're going to see Democrats pushing for that as 524 00:29:22,120 --> 00:29:25,120 Speaker 1: well and putting pressure on our new Attorney General a 525 00:29:25,240 --> 00:29:27,560 Speaker 1: bar To to do that, to make that available to 526 00:29:27,560 --> 00:29:30,280 Speaker 1: the Congress into the American people. One one, a little 527 00:29:30,280 --> 00:29:32,480 Speaker 1: bit of bona contention was you know that the the 528 00:29:32,600 --> 00:29:35,720 Speaker 1: idea that you know, Republicans have been investigating, at least 529 00:29:35,760 --> 00:29:37,440 Speaker 1: on the House side for the last fifteen months, and 530 00:29:37,440 --> 00:29:39,840 Speaker 1: that nothing new will come out from Michael Cohen. The 531 00:29:39,920 --> 00:29:42,240 Speaker 1: very fact that this is the first time last week 532 00:29:42,440 --> 00:29:45,600 Speaker 1: that Michael Cohen was called before the Senate Intelligence Committee. 533 00:29:45,760 --> 00:29:49,600 Speaker 1: You saw him bringing in suitcases of documents and materials 534 00:29:49,640 --> 00:29:52,120 Speaker 1: to that committee. I think it's pretty striking, and it 535 00:29:52,200 --> 00:29:54,680 Speaker 1: speaks to the really lack of oversight that went on 536 00:29:54,760 --> 00:29:56,560 Speaker 1: for two years and the fact that now we're finally 537 00:29:56,560 --> 00:29:59,880 Speaker 1: getting some answers from Mr Cohen and from this administration. keV, 538 00:30:00,480 --> 00:30:05,240 Speaker 1: you know who disagrees with you? Everybody, White House Press Secretary. 539 00:30:05,320 --> 00:30:07,360 Speaker 1: Let's roll the tape, let's hear. Here's bring on Sarah. 540 00:30:07,440 --> 00:30:09,520 Speaker 1: Here's what Sarah Sanders had to say earlier today at 541 00:30:09,520 --> 00:30:13,320 Speaker 1: the White House. They continue to be a group that 542 00:30:13,480 --> 00:30:18,120 Speaker 1: is totally taken by a small radical leftist fringe of 543 00:30:18,160 --> 00:30:20,680 Speaker 1: their party, and they're completely controlled by They know that's 544 00:30:20,680 --> 00:30:23,640 Speaker 1: not enough UH to beat this president, and so they're 545 00:30:23,640 --> 00:30:26,440 Speaker 1: gonna look for other wise to do that. So that's 546 00:30:26,480 --> 00:30:29,080 Speaker 1: Sarah Sanders she's saying. I mean, but seriously, I mean, 547 00:30:29,440 --> 00:30:33,200 Speaker 1: she's essentially framing this as we gear up for UH, 548 00:30:33,320 --> 00:30:37,040 Speaker 1: framing this as radical leftist fringe that has hijacked the 549 00:30:37,320 --> 00:30:40,600 Speaker 1: Democratic Party. There's no fringe involved. It's it's the majority 550 00:30:40,680 --> 00:30:43,000 Speaker 1: of the American people that express their will for some 551 00:30:43,080 --> 00:30:46,920 Speaker 1: kind of checks and balances. Overwhelmingly in the midterm elections, 552 00:30:46,960 --> 00:30:50,000 Speaker 1: forty new members of Congress on the Democratic side that 553 00:30:50,040 --> 00:30:54,440 Speaker 1: are finally putting in place some accountability on this administration. 554 00:30:54,640 --> 00:30:57,240 Speaker 1: Every single day we're learning something new, whether it's security 555 00:30:57,240 --> 00:31:01,520 Speaker 1: background checks, whether it's Mr Cohen's testimony last week, whether 556 00:31:01,600 --> 00:31:04,960 Speaker 1: it's the breakdown and talks in Hanoi and the the 557 00:31:05,040 --> 00:31:07,520 Speaker 1: disparate views coming out of that based on what North 558 00:31:07,600 --> 00:31:10,160 Speaker 1: Korea said and what this administration said. The fact that 559 00:31:10,200 --> 00:31:14,120 Speaker 1: we are finally getting accountability of this administration is not 560 00:31:14,200 --> 00:31:16,600 Speaker 1: a fringe element. It is what the majority of the 561 00:31:16,600 --> 00:31:18,840 Speaker 1: American people want. I'm going to rip up the script 562 00:31:18,840 --> 00:31:21,600 Speaker 1: to quote my friend, mentor and colleague, Tom Keene, I'm 563 00:31:21,600 --> 00:31:24,760 Speaker 1: going to rip up the script, Lauren. What is on 564 00:31:24,800 --> 00:31:29,080 Speaker 1: your radar that we haven't dove it dived, Dovin dived, 565 00:31:29,320 --> 00:31:36,120 Speaker 1: do dip did we haven't dived into terms of policy? Yeah, 566 00:31:36,120 --> 00:31:39,400 Speaker 1: in terms of policy. This we saw yesterday, UM, that 567 00:31:39,480 --> 00:31:43,240 Speaker 1: FDA commissioners got Gottlieb decided to resign. It was something 568 00:31:43,240 --> 00:31:45,840 Speaker 1: of a surprise. UM. I was at an event with 569 00:31:45,920 --> 00:31:48,760 Speaker 1: him this morning, UM where he gave his first appearance 570 00:31:48,760 --> 00:31:51,240 Speaker 1: and said, you know, it's strictly as family reasons, nothing 571 00:31:51,280 --> 00:31:53,440 Speaker 1: to do with policy. But you know he did a 572 00:31:53,440 --> 00:31:56,080 Speaker 1: lot of good um, you know, in trying to speed 573 00:31:56,160 --> 00:31:59,880 Speaker 1: up approvals for um generic drugs to lower prescription drug 574 00:32:00,040 --> 00:32:02,719 Speaker 1: us for Americans. You know that that's not as sexy 575 00:32:02,760 --> 00:32:04,960 Speaker 1: of a news story as as something of a Michael Collen, 576 00:32:05,000 --> 00:32:07,400 Speaker 1: but it has made a real difference for the American people. 577 00:32:07,480 --> 00:32:09,840 Speaker 1: And his work on vaping too, he was a huge 578 00:32:09,840 --> 00:32:12,640 Speaker 1: advocate in terms of the pipeline for young people getting 579 00:32:12,640 --> 00:32:15,160 Speaker 1: involved in that kind of dangerous activity that led to 580 00:32:15,400 --> 00:32:17,960 Speaker 1: drugs or drug used down the road. Yeah, he was 581 00:32:19,200 --> 00:32:20,720 Speaker 1: he you know, he was one of the good ones 582 00:32:20,720 --> 00:32:22,600 Speaker 1: of this administration actually, and it was a surprise to 583 00:32:22,640 --> 00:32:25,400 Speaker 1: me to learn. But what else in terms of keV? 584 00:32:25,520 --> 00:32:27,440 Speaker 1: In terms of policy, what have you been following. I'll 585 00:32:27,440 --> 00:32:29,160 Speaker 1: tell you the interesting thing, you know, all the fireworks 586 00:32:29,240 --> 00:32:31,160 Speaker 1: is you rightly point out, keV. We're on the House 587 00:32:31,160 --> 00:32:34,000 Speaker 1: side in terms of the Homeland Security Committee and Secretary 588 00:32:34,040 --> 00:32:36,800 Speaker 1: Nielsen on that side. I actually sat in on the 589 00:32:36,840 --> 00:32:40,200 Speaker 1: Senate Judiciary Committee. They had a hearing in response to 590 00:32:40,320 --> 00:32:43,520 Speaker 1: the two young people migrants that lost their lives in 591 00:32:43,600 --> 00:32:46,640 Speaker 1: the custody of our our border and customs control. And 592 00:32:46,760 --> 00:32:50,800 Speaker 1: there's actually some talk of renewing comprehend the conversations around 593 00:32:50,840 --> 00:32:55,959 Speaker 1: comprehensive immigration reform the president. That president wants about several 594 00:32:56,040 --> 00:32:59,000 Speaker 1: folks who have been saying that now you've got the manufacturers, 595 00:32:59,080 --> 00:33:02,200 Speaker 1: let me tell you something he's sending to and they're 596 00:33:02,240 --> 00:33:05,320 Speaker 1: pushing for this behind the scenes. So that'll be I 597 00:33:05,360 --> 00:33:08,440 Speaker 1: think somewhat interesting. And and you have Lindsay Graham and 598 00:33:08,520 --> 00:33:11,520 Speaker 1: is here right, who's now his kind of whisperer, who 599 00:33:11,600 --> 00:33:14,080 Speaker 1: chairs that committee and was part of that original gang 600 00:33:14,120 --> 00:33:16,120 Speaker 1: of Aid that delivered on immigration reform. A lot of 601 00:33:16,160 --> 00:33:18,280 Speaker 1: Republicans put their neck out for it, and the House 602 00:33:18,400 --> 00:33:20,840 Speaker 1: unfortunately didn't take it up. I think there might be 603 00:33:20,880 --> 00:33:23,360 Speaker 1: some renewed energy that. I think Senator Ron Paul has 604 00:33:23,400 --> 00:33:27,360 Speaker 1: been quite interesting on this national declaration issue by coming 605 00:33:27,360 --> 00:33:30,200 Speaker 1: out against it. I mean, he's something made me think 606 00:33:30,240 --> 00:33:31,440 Speaker 1: of that was when you were saying, who has the 607 00:33:31,440 --> 00:33:33,880 Speaker 1: president's here? He's got the president's here, and for him 608 00:33:33,960 --> 00:33:36,680 Speaker 1: to so openly be like, no, I mean, that's a 609 00:33:36,680 --> 00:33:39,440 Speaker 1: little flag on the play from Senator Ron Paul. Well, 610 00:33:39,440 --> 00:33:41,640 Speaker 1: I'll tell you, as a Democrat, you know, at least 611 00:33:41,640 --> 00:33:44,120 Speaker 1: he's consistent, right. I think he was saying the same 612 00:33:44,120 --> 00:33:47,560 Speaker 1: things with some troubling actions. Maybe the President Obama took 613 00:33:47,560 --> 00:33:50,600 Speaker 1: in terms of maybe potential executive overreach and at least 614 00:33:50,600 --> 00:33:53,920 Speaker 1: his consistency here even you know, it's even more difficult 615 00:33:53,960 --> 00:33:56,960 Speaker 1: calling someone out as an executive who's the member of 616 00:33:57,000 --> 00:33:59,520 Speaker 1: the same party he's consistent on that that issue of 617 00:33:59,560 --> 00:34:02,000 Speaker 1: executive overreach, I think could be interesting. When are we 618 00:34:02,000 --> 00:34:05,240 Speaker 1: getting them? Report? And then this week cias former director 619 00:34:05,280 --> 00:34:08,200 Speaker 1: Brennan said somewhere that he thinks it could come Friday. 620 00:34:08,440 --> 00:34:10,279 Speaker 1: We were saying it was I feel like every week 621 00:34:10,320 --> 00:34:12,359 Speaker 1: it's like it's coming. It's coming, like it's it's gonna 622 00:34:12,400 --> 00:34:14,319 Speaker 1: be like com or don't come, But like, just when 623 00:34:14,320 --> 00:34:16,560 Speaker 1: when are we getting I think if it's Friday, that 624 00:34:16,719 --> 00:34:18,360 Speaker 1: it's not going to show a whole lot because what 625 00:34:18,400 --> 00:34:20,760 Speaker 1: do you do with news that doesn't go towards your narrative? 626 00:34:20,760 --> 00:34:23,080 Speaker 1: You dump it on a Friday. And Chris Stewart, the congressman, 627 00:34:23,120 --> 00:34:25,200 Speaker 1: for him to say he wants the public is uh 628 00:34:25,400 --> 00:34:27,440 Speaker 1: is remarkable because I think more Republicans are going to 629 00:34:27,480 --> 00:34:29,160 Speaker 1: start to hear that, all right, we gotta go. I 630 00:34:29,160 --> 00:34:31,640 Speaker 1: want to thank Oh, Paul Manafort gets sentenced tomorrow. That 631 00:34:31,680 --> 00:34:35,520 Speaker 1: could be interesting. Kevin Walling, democratic strategist works over at 632 00:34:35,680 --> 00:34:39,360 Speaker 1: h G Creative UH, and of course Lawren Zelt, founder 633 00:34:39,400 --> 00:34:44,399 Speaker 1: of Zelt Communications and a Republican strategist. Check us out 634 00:34:44,440 --> 00:34:48,360 Speaker 1: on iTunes as well as on radio dot com I 635 00:34:48,520 --> 00:34:52,000 Speaker 1: Heart Radio The Bloomberg Business Step. We're everywhere, and not 636 00:34:52,160 --> 00:34:54,440 Speaker 1: just me, but my colleagues as well. I'm Kevin CURRELLI 637 00:34:54,480 --> 00:35:00,080 Speaker 1: you're listening to Bloomberg O