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Speaker 1: Do, which is to get it done radio. It's White

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Speaker 1: House Correspondence Dinner weekend, but Team Trump will not be

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Speaker 1: in attendance. We are awaiting feedback now from President Trump himself.

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Speaker 1: We will bring the President's remarks to you as they happen.

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Speaker 1: President Trump getting a g DP boost that he needs

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Speaker 1: for along with new growth risks. We're going to talk

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Speaker 1: about some of those growth risks, including potential trade uncertainty.

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Speaker 1: That's right. Japanese Prime Minister Shinzo Abe at the White

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Speaker 1: House going to be meeting over the next twenty four

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Speaker 1: hours with senior administration officials and President Trump himself. What

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Speaker 1: does that mean? We have an all star panel joining

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Speaker 1: me in studio in our studios in Washington, d C.

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Speaker 1: Ben Chang is former White House National Security Council Director

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Speaker 1: of Communications for the Obama administration. Mark Ross is founder

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Speaker 1: of Goal Global, which specializes and thought leader strategy for

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Speaker 1: executives and entrepreneurs working and the intersection of globalization, disruption,

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Speaker 1: and politics. A busy day. All of that, plus former

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Speaker 1: Vice President Joe Biden says he raised six point three

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Speaker 1: million dollars on day one as a presidential candidate. As

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Speaker 1: we await comment from President Trump. This as he has

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Speaker 1: concluded of remarks that he gave earlier today at a

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Speaker 1: campaign style speech, Classic Trump, Classic Trump on the campaign trail.

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Speaker 1: And we're going to hear directly from President Trump or

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Speaker 1: awaiting that playback, and we will bring it to you

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Speaker 1: in its entirety as it happens, so you can hear

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Speaker 1: directly from the President and his remarks with me while

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Speaker 1: we wait. Ben Chang is a former White House National

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Speaker 1: Security Council Director of Communications in both the Obama and

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Speaker 1: Bush W. White House or W. Bush administrations. Mark Ross

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Speaker 1: is founder of Terrical Global, which specializes in the intersection

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Speaker 1: of business and politics and globalization. Did you guys see

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Speaker 1: this new report here in DC? Things are a little slow,

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Speaker 1: So there's all these reports coming out And no, I'm

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Speaker 1: not talking about the Muller Report. The President Trump's reelection

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Speaker 1: hopes this, according to the Bloomberg Terminal, have always hinged

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Speaker 1: on supercharging the US economy, and data showing faster than

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Speaker 1: expected growth provided him a boost just as he prepares

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Speaker 1: to ramp up his campaign. If you look at gross

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Speaker 1: domestic product, it rose at three point to per cent

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Speaker 1: annual rate in the first quarter of UH and the

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Speaker 1: President for his part, he was asked about this earlier

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Speaker 1: today and he actually weighed in on it then. And

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Speaker 1: I want to get your take on it. To Mark

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Speaker 1: in terms of how the GDP growth might impact and

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Speaker 1: really cast a shadow over this election. Here's President Trump.

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Speaker 1: D d B is an incredible not but remember this,

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Speaker 1: not only that we have a great growth, which is growth.

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Speaker 1: We have great growth and also very very low inflation.

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Speaker 1: That was President Trump earlier today before he took off

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Speaker 1: for the n r A, the National Rightful Association, a

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Speaker 1: key constituency for him. Uh, talking about the GDP is

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Speaker 1: three point to g d P growth good enough, Mark Cross, Yeah,

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Speaker 1: that's a great number. He should be really pleased with that. Really,

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Speaker 1: it was the third it was you know, people thought

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Speaker 1: it was gonna come in the two. So it was

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Speaker 1: three point two. Fantastic. And I think the economy for

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Speaker 1: Trump is an issue that all Americans care about, not

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Speaker 1: just his base. This allows him to look presidential, to

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Speaker 1: connect with folks across the country. Absolutely, this is the

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Speaker 1: best thing that's happened to him this week. Ben Jang

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Speaker 1: is ready to go and he's shaking his head. It's

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Speaker 1: his first time on the program. Is three point to

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Speaker 1: g d P good enough to get him reelected. Thanks

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Speaker 1: very much, Kevin, longtime listener, first time, and I was

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Speaker 1: raising my eyebrows, not because I ever disagree with my

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Speaker 1: friend Mark, but rather I am we gotta, I gotta

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Speaker 1: cut off. You know, why have your president Trump's played back?

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Speaker 1: Here is the presidents of the United States. Here is

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Speaker 1: things that we're talking about. But I'll respond to that

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Speaker 1: question at a later date. Okay, thank you in all

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Speaker 1: your COMMISERA, Oh, I think absolutely if you look at yeah,

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Speaker 1: if you look at if you look at what's been

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Speaker 1: happening and all of the things you've been seeing with

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Speaker 1: the insurance policy statement from two agents that are now gone,

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Speaker 1: if you look at many of the elements of uh intrigue,

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Speaker 1: and frankly, we're gonna be seeing a lot over the

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Speaker 1: next couple of weeks, things that a lot of people

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Speaker 1: haven't seen. Uh. What took place here was a very

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Speaker 1: very terrible situation. How this whole ridiculous uh thirty five

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Speaker 1: million dollar unlimited personnel, how this all started. I think

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Speaker 1: you will find a great interest most of you know

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Speaker 1: the answer to it. Anyway, the the fair press, the

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Speaker 1: good press, the really the people that know what they're

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Speaker 1: doing or the people that are indeed, uh fair, they

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Speaker 1: know the answer to it. So we're gonna say it's

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Speaker 1: gonna be very interesting. But what took place over the

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Speaker 1: last period of almost two years, and really before that,

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Speaker 1: it was really much before that. In all fairness to

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Speaker 1: Robert Mueller, things happened long before he even started. And

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Speaker 1: what took place is a disgrace to our country, and

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Speaker 1: it hurt our country. And a lot of people have

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Speaker 1: been let go, and I don't mean by me, they've

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Speaker 1: been dismissed, they've been fired, they've left in disgrace, and

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Speaker 1: it really is a sad moment for the country. But

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Speaker 1: I think ultimately it's gonna be very good. It's gonna

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Speaker 1: be a healing factor. Thank you all very much. Thank you.

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Speaker 1: President Trump, talking ahead of the Japanese trade talks at

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Speaker 1: the White House expected to happen uh throughout the weekend,

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Speaker 1: including tomorrow, He's gonna be meeting with Japanese Prime Minister

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Speaker 1: Shinzo Abe, the president saying that trade has gotten very

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Speaker 1: complex with Bregxit. He said that trade negotiations of China

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Speaker 1: are going well. In terms of his meeting with Japanese

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Speaker 1: Prime Minister shinzo Abe that he's looking forward to discussing

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Speaker 1: the trade deal with the United States, and the President

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Speaker 1: said that he will also discuss North Korea and meeting

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Speaker 1: with shinzo Abe, the North Koreans, of course, North Korea

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Speaker 1: leader Kim Jong Noon, meeting with get this. Russia President

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Speaker 1: Vodomir Putin earlier this week, and the President wrapped up

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Speaker 1: those quick remarks by saying that trade talks with Japan

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Speaker 1: are moving very, very quickly. I'm Kevin Seilli. I'm the

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Speaker 1: chief Washington correspondent for Bloomberg Television and Bloomberg Radio. I

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Speaker 1: want to welcome our national audience. We are broadcasting live

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Speaker 1: from the studios in the nation's capital of Washington, d C.

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Speaker 1: With me for the hour. Ben Chang, it's his first

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Speaker 1: time on the program. He's with me in studio. He's

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Speaker 1: the former White House National Security Council Director of Communications

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Speaker 1: for both the Obama and w Bush administrations. Mark Ross

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Speaker 1: is a friend of the program. He's founder of Caricul Global,

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Speaker 1: which specializes in thought leader strategy for executives and entrepreneurs

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Speaker 1: working on the intersection of the globalization and Mark, you know,

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Speaker 1: first question to go, I mean we just heard from

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Speaker 1: the President, and essentially it's all about trade. What does

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Speaker 1: the US need to get out of the Shenzo Abe,

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Speaker 1: the Prime Minister of Japanese meeting. Yeah, Trump wants two things.

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Speaker 1: He wants the deficit reduction, that is the trade deficity.

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Speaker 1: He'd love to see that number come down. That's an

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Speaker 1: easy number you can talk about on the campaign. And

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Speaker 1: also you'd like to see the Japanese import more agricultural goods,

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Speaker 1: especially from the Midwest. So Ben earlier ahead of the

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Speaker 1: President's for Marks, we took the breaking news obviously, but

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Speaker 1: with the GDP number in the first quarter being three

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Speaker 1: point to gross gross domestic product for the first quarter

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Speaker 1: of twenty ten, the president in a celebratory mood, Mark saying,

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Speaker 1: all right, yeah, he's he's got a little bit to

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Speaker 1: be to be celebrating about. But then you talk about

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Speaker 1: these trade fronts and how all of the globalization as

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Speaker 1: the president. We just heard from President Trump, whether it's

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Speaker 1: Bregsit or whether it's the Japanese and of course China.

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Speaker 1: Should he really be that optimistic with three point two?

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Speaker 1: Thanks very much, Kevin. And I think there's two ways

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Speaker 1: to approach this. I mean, this is a bit of

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Speaker 1: a double edged sword. The president campaigned on the evils

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Speaker 1: and downside of globalization. He campaigned on wanting to reform

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Speaker 1: the way we approach trade as a country. We're talking

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Speaker 1: about strong numbers on GDP and employment and so on

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Speaker 1: within Washington. This is popular for us to do. Many

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Speaker 1: of your listeners right now across the country, folks uh

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Speaker 1: here at Bloomberg will understand that the rubber hits the

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Speaker 1: road when we talk about perception and how do people

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Speaker 1: really feel, uh their pocketbooks are affected, and how resilient

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Speaker 1: they will be beyond monthlier quarterly numbers, and so I

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Speaker 1: think within one she continue, these numbers mean a lot,

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Speaker 1: but the translation will be how are people feeling across

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Speaker 1: the country and with trade ultimately, you know, I came

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Speaker 1: from a background in the Bush White House, in the

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Speaker 1: Obama White House, where trade was a national security issue

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Speaker 1: and we were committed to open and free trade. Right

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Speaker 1: now we're seeing that landscape disrupted by this president. And

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Speaker 1: I'm wondering how much the reality of trade forces will

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Speaker 1: force his team to sort of be tethered to someone

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Speaker 1: of the more traditional approaches. And Steve Bannon to your point, Ben,

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Speaker 1: Steve Bannon, the President's chief architect back during the campaign

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Speaker 1: year and then a White House advisor. He was up

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Speaker 1: at the St. Regis in New York City earlier this

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Speaker 1: week and essentially saying that Wall Street was working with

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Speaker 1: China on on the issue of tariffs, and he said,

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Speaker 1: President Trump, you should absolutely, uh absolutely go even more

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Speaker 1: aggressive and listen to Peter Navarro on the trade talks.

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Speaker 1: Of course, Peter Navarro Steve Bannon kind of in the

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Speaker 1: same uh nationalistic type of wing of isolationist economic policy. Mark. Yeah,

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Speaker 1: Steve Bennon actually called Wall Street in corporate America the

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Speaker 1: lobbying arm of the Communist Party, the lobbying arm Communist Party.

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Speaker 1: Great campaign rhetoric. Wait wait, wait, think about this, the

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Speaker 1: lobbying arm the Communist Party and regius no less Communist

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Speaker 1: Party go ahead from the Yeah, from a communication standpoint,

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Speaker 1: great rhetoric once again from Mr Bannon, But a lot

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Speaker 1: of nonsense. I mean, if you look at say Apple,

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Speaker 1: the revenue being generated in China alone, GM and Ford

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Speaker 1: selling more cars in China than they are North America.

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Speaker 1: What the problem I have with kind of the Bannon

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Speaker 1: Navarro wing of the Repugan Party is they point out

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Speaker 1: a lot of problems and faults with our trade relationships,

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Speaker 1: and certainly they can be reformed, but they have no solutions.

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Speaker 1: How what is their plan to replace revenue being generated

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Speaker 1: from Chinese consumers buying apple products. But see this is

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Speaker 1: where it's interesting. He makes a good point, Ben, But

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Speaker 1: this is where it gets interesting, in the sense that

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Speaker 1: if you go to Youngstown, Ohio, if you go to

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Speaker 1: the lord's town General Murtors Plant in Ohio, key battleground state.

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Speaker 1: Obviously in election, this type of Steve Bannonesque rhetoric resonates,

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Speaker 1: and it doesn't just resonate with with the base. I

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Speaker 1: love we always say the base as if you can

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Speaker 1: define the base. It actually resonates with folks who are

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Speaker 1: looking into Senator Bernie Sanders, folks who were frustrated in

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Speaker 1: the Democratic Democratic primary about NAFTA. And it's that reshaping

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Speaker 1: of the trade policy message that helped fuel and many

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Speaker 1: reasons seventy thousand voters who switched over from previous President

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Speaker 1: Obama to the current President Trump and states like Pennsylvania,

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Speaker 1: most most notably in the western part of Pennsylvania, um

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Speaker 1: Ohio and Youngstown in Detroit, suburban Detroit Michigan as well

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Speaker 1: as Wisconsin. So it's not like this trade message doesn't

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Speaker 1: resonate when he goes aggressive ben ut of degree. But

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Speaker 1: I think four years later where we are is that

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Speaker 1: now the president needs to show results. Right. So it's

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Speaker 1: one thing to have campaigned a few years ago on

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Speaker 1: the prospect of UH disrupting and reforming our approach to trade,

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Speaker 1: but now he has to have results on that. And yes,

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Speaker 1: we have GDP numbers, but are those folks in Youngstown

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Speaker 1: in Detroit actually feeling the benefits? Yet? We all know

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Speaker 1: this takes time. Even the benefits from the Obama administration

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Speaker 1: steps are being felt now, and so it's it's a

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Speaker 1: short runway that he's given himself to show results. Well,

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Speaker 1: it's gonna be interesting because let's say Trump today, he's

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Speaker 1: having a dinner tonight with the Prime Minister of Japan

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Speaker 1: and they create some deal and the prem Minister of

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Speaker 1: Japan decides to buy a billion three billion dollars with

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Speaker 1: the soybeans from Ohio. Right, that's a positive development. In

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Speaker 1: some ways, I feel like the trade debate is being

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Speaker 1: so overshadowed. Politicians for the last four or five cycles

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Speaker 1: have kind of used the same kind of anti trade messaging,

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Speaker 1: and it's worked. Nobody's really talking about the benefits of

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Speaker 1: being able to sell goods and services around the world.

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Speaker 1: And in some ways it's like open territory. It's not.

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Speaker 1: It's a very complex issued to explain. But selling more products,

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Speaker 1: selling more software, selling more soybeans, this is a positive thing.

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Speaker 1: So in some ways you can't have, you can't have,

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Speaker 1: you need both things essentially, right, that's right, absolutely, And

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Speaker 1: I think the other element in all of this that

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Speaker 1: that's a little bit lost but but should be in

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Speaker 1: front of us, is innovation. Right, and so in a

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Speaker 1: lot of these trade agreements, we're talking about not just

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Speaker 1: products and tangible materials, but but information and knowledge. And look,

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Speaker 1: as Kevin and Mark, you know, I come from Princeton

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Speaker 1: University right now, where we're looking at next generation innovation

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Speaker 1: and how do we have partnerships to fuel that. I'd

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Speaker 1: like to see this administration double down on our research

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Speaker 1: innovation capacity in this country and developing an unexpected places

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Speaker 1: like Detroit, for example, so that we can keep a

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Speaker 1: leading edge in the global economy. Well speaking Detroit, as

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Speaker 1: we all know what's President Pence was in suburban Detroit

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Speaker 1: this weekend and afford Automotive plant UH promoting the benefits

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Speaker 1: of the U S m c A. So once again

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Speaker 1: we have the Trump administration saying trade deficits are bad,

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Speaker 1: globalization is bad. But at the same time we have

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Speaker 1: the other half the administration saying trade is good. We

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Speaker 1: need to move more product across another northern and southern borders.

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Speaker 1: I want to reset on trade talks. I'm Kevin Sirelli,

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Speaker 1: Bloomberg TV and Bloomberg Radio National Bloomberg Television, Bloomberg Radio

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Speaker 1: Chief Washington correspondent, and I want to welcome our national

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Speaker 1: audience as we broadcast live from the Bloomberg Studios in

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Speaker 1: the nation's capital of Washington, d C. I also want to,

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Speaker 1: of course say thank you to Ben Chang, former White

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Speaker 1: House Council National former White House National Security Council Director

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Speaker 1: of Communications UH and his first time on the program.

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Speaker 1: He served in both the Obama and George W. Bush administrations.

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Speaker 1: And Mark Ross, founder of Rical Global, which specializes in

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Speaker 1: thought leader strategy for executives and entrepreneurs working in the

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Speaker 1: space of globalization. Let's just go around the World show.

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Speaker 1: I feel like we could call it like you know,

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Speaker 1: Thember that game when you were a kid, when I

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Speaker 1: was drawn ou outside affili around the world that basketball game.

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Speaker 1: Let's go around the world of trade policy. Let's just

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Speaker 1: zip right through it. Right now, President Trump is set

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Speaker 1: to have dinner with Japanese Prime Minister Shinzo Abe and

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Speaker 1: have meetings tomorrow. From the U S perspective, they want

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Speaker 1: to see a penetration of agricultural markets. They also want

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Speaker 1: to see some more easing in the sense of an

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Speaker 1: opportunity for the US to make more inroads on a

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Speaker 1: host of different technology fronts as well as well as

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Speaker 1: get them on board North Korea. But from the Japanese perspective,

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Speaker 1: maybe they'll slice and dice that trade deficit that so

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Speaker 1: often frustrates President Trump. He hates that trade gap. Uh

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Speaker 1: if uh. The US doesn't have auto tariffs as as

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Speaker 1: you mentioned in mark about how just crucial the auto

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Speaker 1: sector is, and those key battleground states politically, speaking of Michigan,

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Speaker 1: Wisconsin obviously detrot Michigan. Uh, and the Europeans don't want

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Speaker 1: auto tariffs. So everyone no one around the world wants

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Speaker 1: the president's auto tariffs. And President Trump says, I am

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Speaker 1: tariff man. While all of this is going on, Chinese

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Speaker 1: President shi Jingping is touting this one road, one belt

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Speaker 1: initiative and is looking to Europe for an economic lifeline

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Speaker 1: life saver what do we call it? Lifeline life saver uh,

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Speaker 1: and is signaling that maybe he would be willing to

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Speaker 1: get on board with some of the notion that that

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Speaker 1: President Trump and the administration are signaling for Secretary Renution

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Speaker 1: of Treasury and US Trade Representative Lightheiser are going to

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Speaker 1: be over there next week, UH, and Chinese President Chijing

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Speaker 1: paying some within the last forty eight hours. Quote. We

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Speaker 1: attach great importance to fulfilling multilateral and bilateral economic and

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Speaker 1: trade agreements reached with other countries. I want to talk

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Speaker 1: national security, and I want this to take us to

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Speaker 1: North Korea. But from a national security standpoint, Ben Chang,

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Speaker 1: former Communications director for the National Security Council, why aren't

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Speaker 1: we focusing more on the issue of national security from

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Speaker 1: a nonpartisan standpoint, especially when it comes to technology transfers.

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Speaker 1: That's a great question, Kevin, and I appreciate it, and

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Speaker 1: I do long for those days when we were able

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Speaker 1: to have those conversations both down Pennsylvania Avenue but also

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Speaker 1: up in Congress Um. This is pretty fundamental and and

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Speaker 1: back on the topic of trade. I think it's worthwhile

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Speaker 1: stepping back and having the large review as to the

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Speaker 1: various levels of national security influence and power that we

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Speaker 1: have and all the things we're trying to safeguard along

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Speaker 1: with those important jobs in Dearborn and Youngstown. Um, we

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Speaker 1: need to return to a place where there's a consensus

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Speaker 1: around what our national security values and principles are and

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Speaker 1: how we exert influence around the country. And what I

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Speaker 1: lament is that we have been in a position the

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Speaker 1: last couple of years of tearing down the institutions that

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Speaker 1: we spent so long building up, both and which institutions.

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Speaker 1: So the attacks we've had not only on security institutions

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Speaker 1: such as NATO, but also our diminished role at the

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Speaker 1: U n which not only is the Security Council that

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Speaker 1: we're used to seeing, but it's all the specialized agencies

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Speaker 1: within the UN framework that advanced many of our interests,

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Speaker 1: from intellectual property protection to other things. But what do

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Speaker 1: you say that to as it in Trump who says, well,

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Speaker 1: why is the NATO NATO members paying their fair share? Well,

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Speaker 1: two things, One is that that they are stepping up

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Speaker 1: into that that conversation does need to be had with

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Speaker 1: in a way that doesn't see ground to the Russians,

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Speaker 1: for example, Right, but if it but I mean you think,

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Speaker 1: if you ask for more money, it's not like they're

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Speaker 1: going to be like, all right, let me give you,

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Speaker 1: like okay, if you ask nicely, I mean, if you

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Speaker 1: got to ask somebody for money, I mean, it might

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Speaker 1: take a mean tweet. Well, so there's a request for money,

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Speaker 1: and then there's a request for having our back. And

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Speaker 1: the thing about the article to do one obligations remembering

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Speaker 1: the history of NATO is that the NATO members have

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Speaker 1: had our back throughout all of this, and that that

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Speaker 1: that NATO is still like the U N and W two,

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Speaker 1: A t O and other institutions, are a force multiplier

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Speaker 1: for us, and that basic primise was thrown out the

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Speaker 1: window with many of the approaches of the current administration. Mark,

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Speaker 1: I think this comes back to NAFTA. I think I

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Speaker 1: I think it comes back to where I grew up,

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Speaker 1: Delaware County, Pennsylvania, suburbs of Philly. I think it comes

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Speaker 1: back to Youngstown, which is unfortunately the folks are not

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Speaker 1: feeling right wrong or indifferent the impacts or like that

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Speaker 1: those institutions that you just named are adequately representing their voice, right,

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Speaker 1: Mark agree. And I think the thing about Trump, I

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Speaker 1: think this is like a thirty year culmnation of just

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Speaker 1: kind of angst if you will, you know, globalization um

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Speaker 1: and looking at factories to your point, like I grew

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Speaker 1: up in the industry Midwest, and you'll see empty factories.

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Speaker 1: You know, there's that's a very tangible item. When you

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Speaker 1: see something empty, rusted out and decre decrepit ing, that's

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Speaker 1: very tangible. And people say this, this is not working.

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Speaker 1: So I totally agree. I think our institutions that we've

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Speaker 1: set up post World War two absolutely fantastic. I think

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Speaker 1: we're blessed as a nation to have the World Bank

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Speaker 1: right down the street from here, to have the u N.

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Speaker 1: But these are institutions that enough people, sadly in the Midwest,

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Speaker 1: don't fully appreciate. So the challenges as we go forward.

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Speaker 1: I don't think it's just the Midwest either. I don't

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Speaker 1: think people are necessarily anywhere like this is what the

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Speaker 1: World Bank did for me today, or this is what

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Speaker 1: the u N did for me today. Right, I mean,

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Speaker 1: I'm not tending funny as a guy who served twice

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Speaker 1: at are UN mission. I completely agree. And so it's

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Speaker 1: on us as as as public servants, as as former

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Speaker 1: government servants, to look at the way that we have

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Speaker 1: explained the benefits and done a sales job right and

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Speaker 1: built constituent. Tell your story then, and in this sense

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Speaker 1: as we as we ramp up for for North Korea talks.

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Speaker 1: And I mean, you know, I covered uh the President

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Speaker 1: Trump and North Korea leader Kim Jong un uh in

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Speaker 1: both Singapore, the Singapore summit or yeah, no, the Singapore

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Speaker 1: summit because Putin was in Helsinki. Helsinki was putin, Helsinki

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Speaker 1: was pins was right, Singapore was gosh, when isn't it crazy?

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Speaker 1: You just forget like where you are and what you're covering.

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Speaker 1: But covering Singapore the first summit, and how and how

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Speaker 1: virtually like scripted it all was when Kim Jong un

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Speaker 1: and President Trump met and there was Dennis Robbin there,

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Speaker 1: I had to do like a double take. I'm like what.

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Speaker 1: And then I go to Vietnam and I'm like what,

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Speaker 1: holy hannoy, I mean, what is going on here? There's

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Speaker 1: no script, there's no often. So you've got North Korea

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Speaker 1: leader Kim Jong noon this week ben This week Ben Chen,

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Speaker 1: the former a National Security Council communications director, meeting with

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Speaker 1: Russia President Vladimir Putin, and who did you say, just

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Speaker 1: met with them earlier as well. G This should not

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Speaker 1: be a surprise to any of us that in short

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Speaker 1: order U Kim, who has a short attention span, has

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Speaker 1: shifted allegiances and shifted attention and has uh seemingly run

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Speaker 1: out of patients with our approach. Reality crashed in on

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Speaker 1: the summits in Singapore and Vietnam. And the truth is

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Speaker 1: that we need a much more sober approach to North Korea.

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Speaker 1: And you see these debates happening within the administration right

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Speaker 1: we're getting uh read on Fishers and so on about

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Speaker 1: how to approach negotiating with Korea. How do you think

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Speaker 1: we should approach in Korea? Well, I think we should

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Speaker 1: approach with Korea through a a strength and numbers UH framework,

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Speaker 1: so not necessarily resurrecting the Six Party Talk framework. But

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Speaker 1: we did a lot more coordination with our alleys and

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Speaker 1: allies in the region, I think over the last two

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Speaker 1: administrations than we have now, and I think we've had

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Speaker 1: to take things more slowly in the sense of having

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Speaker 1: those big Marquis Summits with more concrete tangibles rather than

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Speaker 1: just aspiration. What do you say to folks, What do

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Speaker 1: you say to folks who say, normalizing this brazen thirty

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Speaker 1: something North Korea leader, dictator Kim Jong un, murderous dictator works.

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Speaker 1: But but you know, I mean stylistically, you know the

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Speaker 1: chairman of North Korea. Uh, you know, the Dennis Robin

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Speaker 1: fan What do you how do you? I guess what

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Speaker 1: do you say to folks? You say, Okay, Well, he's

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Speaker 1: normalized now and he's not isolated. He is engaging in

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Speaker 1: the global scale. He's engaging with with the leaders of countries,

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Speaker 1: and by by having a dialogue at least he is

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Speaker 1: now engaging in some type of dialogue as opposed to

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Speaker 1: just sitting there by himself and blasting off missiles like rocketman. Well,

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Speaker 1: I think that the news reports and intelligence would would

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Speaker 1: tell us otherwise and from the development of him. But

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Speaker 1: do you think that the communication with with the President,

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Speaker 1: with the US, with Russia, with China is the positive

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Speaker 1: thing as a whole? So I would say he has

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Speaker 1: received the bulk of rewards out of the last year

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Speaker 1: a year and a half of diplomacy. Uh, and few

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Speaker 1: of the negatives. So yes, he is now a figure

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Speaker 1: on the world stage. He's had two sways with the

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Speaker 1: US president. He just was fitted by the Russian president.

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Speaker 1: He has all he needs as far as propping up

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Speaker 1: his internal power structure and propaganda back at home. What

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Speaker 1: does he had to give up for that? I want

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Speaker 1: to play for everybody. What President Trump had to say

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Speaker 1: earlier today about North Korea. He was en route to

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Speaker 1: the National Rightful Association rally. President Trump was earlier Friday morning,

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Speaker 1: and he stopped and talked briefly with reporters, and he

430
00:23:46,000 --> 00:23:49,520
Speaker 1: was asked about his relationship with North Korea. Here's President

431
00:23:49,520 --> 00:23:53,399
Speaker 1: Trump on North Korea. I appreciate that Russia and China

432
00:23:53,920 --> 00:23:57,600
Speaker 1: is helping us. And China is helping us because I

433
00:23:57,680 --> 00:24:00,399
Speaker 1: think they want to they don't need nuclear weapon right

434
00:24:00,440 --> 00:24:03,160
Speaker 1: next to their country. But I also don't think they're

435
00:24:03,200 --> 00:24:06,080
Speaker 1: helping us because of the fact that word a trade deal,

436
00:24:06,440 --> 00:24:09,639
Speaker 1: which by the way, is going very well. So Mark

437
00:24:10,320 --> 00:24:15,520
Speaker 1: Ross of Chicle Global It specializes in globalization. We heard

438
00:24:15,520 --> 00:24:18,880
Speaker 1: from the national security perspective from Ben Chang first time

439
00:24:18,880 --> 00:24:22,720
Speaker 1: on the program. Ben Um, we appreciate you coming in,

440
00:24:23,000 --> 00:24:26,359
Speaker 1: but from the President says that China is helping to

441
00:24:26,720 --> 00:24:30,320
Speaker 1: press the economic situation and talks with China be depressed

442
00:24:30,359 --> 00:24:35,840
Speaker 1: and squeeze North Korea. Sure, yeah, you agree, Well, I

443
00:24:35,880 --> 00:24:38,000
Speaker 1: mean sure, I mean, but it doesn't really mean anything,

444
00:24:38,040 --> 00:24:40,080
Speaker 1: you know, like him saying that it's going well, it's

445
00:24:40,080 --> 00:24:43,120
Speaker 1: always going well with China. Um. I think Kim Jong

446
00:24:43,200 --> 00:24:44,800
Speaker 1: un to me seems like a day trader. It's not

447
00:24:44,800 --> 00:24:48,119
Speaker 1: surprising he's dealing day trader. Yeah, he's just constantly looking

448
00:24:48,160 --> 00:24:50,800
Speaker 1: for other ways to get attention, right, It's not surprising

449
00:24:51,200 --> 00:24:53,600
Speaker 1: that he's meeting with Putin. That's a neighbor. She jimping,

450
00:24:53,720 --> 00:24:56,000
Speaker 1: that's a neighbor. So it's not surprising. In some ways,

451
00:24:56,880 --> 00:24:59,000
Speaker 1: the Chinese don't really like to deal with Kim Jong

452
00:24:59,080 --> 00:25:01,879
Speaker 1: un either, right, So in some ways him was smart

453
00:25:01,920 --> 00:25:03,960
Speaker 1: to say, hey, I'll spend some time with Trump. Right,

454
00:25:04,119 --> 00:25:07,840
Speaker 1: we'll shake things up, annoy the Chinese, uh, and shake

455
00:25:07,880 --> 00:25:10,359
Speaker 1: it up in the peninsula. So it's not surprising in

456
00:25:10,400 --> 00:25:15,760
Speaker 1: the peninsula. What I think is what is Trump Like?

457
00:25:16,240 --> 00:25:18,000
Speaker 1: I just feel like sometimes he doesn't have the gravitas

458
00:25:18,080 --> 00:25:20,159
Speaker 1: or like the curiosity he too is like has very

459
00:25:20,160 --> 00:25:23,040
Speaker 1: short attention spand like he wants quick wins quick victories.

460
00:25:23,240 --> 00:25:26,800
Speaker 1: Things are growing well, all kind of empty rhetoric. This

461
00:25:26,880 --> 00:25:29,680
Speaker 1: is a tough spot as a national security guy, right,

462
00:25:29,720 --> 00:25:33,080
Speaker 1: as somebody who just is interested in the firmament of

463
00:25:33,119 --> 00:25:37,280
Speaker 1: our country's standing in the world. And it's dangerous. Um

464
00:25:37,440 --> 00:25:41,560
Speaker 1: that's not a profound insight in dealing with North Korea. Um. Yes,

465
00:25:41,680 --> 00:25:44,200
Speaker 1: the President acknowledged China and Russia having skin in the game.

466
00:25:44,240 --> 00:25:46,240
Speaker 1: Let's keep in mind that they have their own agendas

467
00:25:46,280 --> 00:25:48,960
Speaker 1: when it comes to North Korea. There's a certain appreciation

468
00:25:49,119 --> 00:25:51,520
Speaker 1: to use the word of North Korea as a destabilizing

469
00:25:51,600 --> 00:25:54,879
Speaker 1: force that SAPs our attention and energy. Right, and if

470
00:25:54,920 --> 00:25:57,919
Speaker 1: you're China or Russia, that's not a bad thing. All right,

471
00:25:57,960 --> 00:26:00,160
Speaker 1: We're coming up, We're gonna I was gonna say, it's

472
00:26:00,200 --> 00:26:02,359
Speaker 1: interesting to which do you get a lot of coverage,

473
00:26:02,359 --> 00:26:05,639
Speaker 1: But are British and French allies actually sent part of

474
00:26:05,640 --> 00:26:08,040
Speaker 1: their navy to the Taiwan straight today, So we too

475
00:26:08,080 --> 00:26:09,920
Speaker 1: also have some friends in the area creating a little

476
00:26:09,920 --> 00:26:12,560
Speaker 1: bit of problems with the Chinese. But it's right, it's

477
00:26:12,560 --> 00:26:15,040
Speaker 1: a great point. That's a great point. And coming up,

478
00:26:15,040 --> 00:26:17,480
Speaker 1: we're gonna stay with this. I want to thank Ben

479
00:26:17,560 --> 00:26:20,359
Speaker 1: Chang and Mark Ross for joining me for the hour.

480
00:26:20,440 --> 00:26:23,080
Speaker 1: I also want to thank our national audience. I'm Kevin Serelli,

481
00:26:23,200 --> 00:26:27,440
Speaker 1: Bloomberg Television and Bloomberg Radio Chief Washington Correspondent. You can

482
00:26:27,480 --> 00:26:31,760
Speaker 1: download our sound On podcast on Apple iTunes, at Bloomberg

483
00:26:31,840 --> 00:26:34,760
Speaker 1: dot com, or by downloading my favorite app, the Bloomberg

484
00:26:34,760 --> 00:26:37,320
Speaker 1: Business App. You can also check us out on Radio

485
00:26:37,400 --> 00:26:42,080
Speaker 1: dot com, I Heart Radio, and Spotify. We Stay. I'm

486
00:26:42,160 --> 00:26:45,159
Speaker 1: Kevin Serelli. You're listening to sound On. This is Bloomberg.

487
00:26:45,720 --> 00:26:50,919
Speaker 1: This is sound On with Kevin's really on Bloomberg and

488
00:26:50,960 --> 00:26:56,040
Speaker 1: one oh M h D two Baltimore. It's Friday, folks.

489
00:26:56,119 --> 00:27:00,119
Speaker 1: We made it to Friday. It's finally here. We made it.

490
00:27:00,119 --> 00:27:02,760
Speaker 1: It's actually a rainy day here in Washington, d C.

491
00:27:03,080 --> 00:27:08,240
Speaker 1: At our Bloomberg Studios broadcasting live from the nation's capital

492
00:27:08,240 --> 00:27:11,800
Speaker 1: in Washington, d C. I'm Kevin Cerelli, Bloomberg Television and

493
00:27:11,800 --> 00:27:15,520
Speaker 1: Bloomberg Radio Chief Washington Correspondent. I want to welcome our

494
00:27:15,640 --> 00:27:20,200
Speaker 1: national audience as we talk about all things politics and policy.

495
00:27:20,280 --> 00:27:23,160
Speaker 1: Earlier in the program, we heard directly from the President

496
00:27:23,160 --> 00:27:27,320
Speaker 1: Trump as he talked with reporters talking about his upcoming

497
00:27:27,320 --> 00:27:30,840
Speaker 1: meeting with Japanese Prime Minister Shinzo Abe at the White House.

498
00:27:31,040 --> 00:27:34,840
Speaker 1: They're gonna be talking trade, also talking about the US

499
00:27:34,920 --> 00:27:38,439
Speaker 1: China trade talks. Secretary Manution of the Treasury Department and

500
00:27:38,520 --> 00:27:42,360
Speaker 1: US Trade Representative Bob Leheiser. They're going to Beijing next week.

501
00:27:42,400 --> 00:27:44,879
Speaker 1: In fact, do you hear this Secretary manuition how to

502
00:27:44,920 --> 00:27:47,280
Speaker 1: cancel as milk and travel plans can't go to milk

503
00:27:47,359 --> 00:27:48,919
Speaker 1: and can't go to milk, And he's got to go

504
00:27:48,960 --> 00:27:52,800
Speaker 1: talk to Louisa, the Vice Premier of China to keep

505
00:27:52,920 --> 00:27:56,960
Speaker 1: on talking trade talks and China for their parts, signaling

506
00:27:57,720 --> 00:27:59,960
Speaker 1: President Jijing bing singling he might be able to get

507
00:28:00,000 --> 00:28:02,880
Speaker 1: on board with some of the reports that my colleagues

508
00:28:03,240 --> 00:28:05,960
Speaker 1: that have been blasting out over the Bloomberg terminal as

509
00:28:05,960 --> 00:28:09,359
Speaker 1: well as another outlets that they might be open to

510
00:28:09,800 --> 00:28:13,000
Speaker 1: some more agricultural buys, maybe even getting on board with

511
00:28:13,080 --> 00:28:16,719
Speaker 1: some allowing for US companies to make some purchases from

512
00:28:16,800 --> 00:28:21,159
Speaker 1: an intellectual property standpoint, protecting intellectual property and forced technology

513
00:28:21,200 --> 00:28:25,199
Speaker 1: transfers with me to help navigate all of the policy

514
00:28:25,359 --> 00:28:30,679
Speaker 1: as well as the politics. Mark Ross, founder of Terriical Global,

515
00:28:30,760 --> 00:28:35,520
Speaker 1: a globalization firm which helps businesses navigate these rough, populous

516
00:28:35,640 --> 00:28:40,000
Speaker 1: waters of times. Mark, thanks for Mark. Mark is a

517
00:28:40,000 --> 00:28:46,480
Speaker 1: soccer fan, Yeah, huge soccer fan, and men change. And

518
00:28:46,520 --> 00:28:49,720
Speaker 1: then that's Ben Chang. He is former White House National

519
00:28:49,800 --> 00:28:53,760
Speaker 1: Security Council Director of Communications, your first time all the program?

520
00:28:53,800 --> 00:28:56,320
Speaker 1: Who all right, then we just heard from my colleague

521
00:28:56,400 --> 00:28:58,800
Speaker 1: Nancy Lions about how the c i A got an

522
00:28:58,800 --> 00:29:01,960
Speaker 1: Instagram account. So what is this like? Are is the

523
00:29:02,000 --> 00:29:08,040
Speaker 1: intelligence community like gonna be tweeting? Uh? Fun answer? Um?

524
00:29:08,400 --> 00:29:15,400
Speaker 1: Uh what what? What? What? The first rule Instagram club

525
00:29:15,480 --> 00:29:18,680
Speaker 1: is don't talk about Instagram clubs fight club exactly. Um.

526
00:29:19,160 --> 00:29:22,800
Speaker 1: The serious answer. One of my favorites is being a

527
00:29:22,840 --> 00:29:25,920
Speaker 1: former government guy. We look at all the various channels

528
00:29:26,200 --> 00:29:29,680
Speaker 1: at our disposal to communicate to Arrigne. The fun answer is,

529
00:29:29,840 --> 00:29:31,760
Speaker 1: look at the plants in the picture, right, they were

530
00:29:31,840 --> 00:29:35,040
Speaker 1: very tongue in cheek. How they staged that photo? Okay, Okay,

531
00:29:35,080 --> 00:29:36,880
Speaker 1: So there's like this is this is like what I

532
00:29:36,960 --> 00:29:39,200
Speaker 1: love to do on this on this show. Here is

533
00:29:39,240 --> 00:29:43,480
Speaker 1: a guy then chance he's worked for George W. Bush

534
00:29:43,680 --> 00:29:47,320
Speaker 1: Barack Obama. He was the communications director for the National

535
00:29:47,440 --> 00:29:51,600
Speaker 1: Security Council, the NSC. Okay, so take us into the

536
00:29:51,720 --> 00:29:55,320
Speaker 1: room when all of the staffers or whatever, and all

537
00:29:55,400 --> 00:29:58,080
Speaker 1: your phones are tucked away and you're they're like locked

538
00:29:58,080 --> 00:30:00,080
Speaker 1: away because you can't go in to work. No one

539
00:30:00,120 --> 00:30:02,160
Speaker 1: is in the situation room, so you can't text. So actually,

540
00:30:02,200 --> 00:30:04,560
Speaker 1: if you work there, you're like, oh I was I was.

541
00:30:04,640 --> 00:30:06,320
Speaker 1: If you don't text somebody back, you could be like

542
00:30:06,320 --> 00:30:09,000
Speaker 1: oh I was, you know, in the situation or something. Well,

543
00:30:09,040 --> 00:30:11,800
Speaker 1: imagine a room where you're discussing putting the CIA on

544
00:30:11,880 --> 00:30:13,920
Speaker 1: Instagram and no one can actually pull up and take

545
00:30:13,960 --> 00:30:15,600
Speaker 1: me into that room. Take me into that room. How

546
00:30:15,640 --> 00:30:18,320
Speaker 1: does that even work? Seriously, actual question? Take us into

547
00:30:18,360 --> 00:30:22,320
Speaker 1: that room, and how that conversation will go. So, of

548
00:30:22,400 --> 00:30:25,080
Speaker 1: course I cannot portray how this administration required that conversation

549
00:30:25,200 --> 00:30:28,920
Speaker 1: the previous administrations. It is a conversation about what what

550
00:30:29,040 --> 00:30:30,760
Speaker 1: story do we need to tell? And are we doing

551
00:30:30,800 --> 00:30:32,800
Speaker 1: a good job on the channels where our audiences need

552
00:30:32,880 --> 00:30:35,600
Speaker 1: to be and can we have fun and add a

553
00:30:35,600 --> 00:30:39,200
Speaker 1: new personality to what would be a state uh you

554
00:30:39,240 --> 00:30:42,959
Speaker 1: know old image of an institution like the CIA. I mean,

555
00:30:42,960 --> 00:30:45,400
Speaker 1: there's something just very kind of fun. The idea of

556
00:30:45,440 --> 00:30:48,239
Speaker 1: the CIA is on something like Instagram, where I think

557
00:30:48,280 --> 00:30:51,640
Speaker 1: just a couple days ago we saw a chimpanzee thumbing

558
00:30:51,680 --> 00:30:54,400
Speaker 1: through Instagram, didn't we So there's a sort of rye

559
00:30:54,440 --> 00:30:58,400
Speaker 1: irony there, especially when they're grappling with how I don't

560
00:30:58,400 --> 00:31:04,280
Speaker 1: know Russia hostile foreign governments are taking advantage of social

561
00:31:04,280 --> 00:31:07,680
Speaker 1: media platform is absolutely undercurrent, which I would hope someone

562
00:31:07,720 --> 00:31:09,840
Speaker 1: in the room said, do we realize we're engaging on

563
00:31:09,880 --> 00:31:13,920
Speaker 1: social media platforms that we have been perhaps fallen prey

564
00:31:13,960 --> 00:31:18,640
Speaker 1: to or the platforms, or are we through outside foreign interference? Absolutely,

565
00:31:18,640 --> 00:31:21,440
Speaker 1: I would hope that conversation had occurred. But ultimately I

566
00:31:21,480 --> 00:31:24,719
Speaker 1: think you know credit to is it Gina Haspital whomever

567
00:31:24,760 --> 00:31:28,600
Speaker 1: signed off saying, look, this would be a platform that

568
00:31:28,800 --> 00:31:30,840
Speaker 1: will stay on brand, but it's something we should use

569
00:31:30,880 --> 00:31:33,120
Speaker 1: to reach out to the young kids these days. All Right,

570
00:31:33,120 --> 00:31:36,440
Speaker 1: it's another big story this week. We were covering earlier.

571
00:31:37,120 --> 00:31:40,520
Speaker 1: How Speaker Nancy Pelosi. She is a political referee. You

572
00:31:40,520 --> 00:31:43,320
Speaker 1: guys are soccer fans. I mean, she is the political

573
00:31:43,800 --> 00:31:48,640
Speaker 1: referee of navigating the likes of everyone from freshman Congresswoman

574
00:31:48,680 --> 00:31:53,520
Speaker 1: Alexandria Acasio Cortez, a Democrat from New York, A freshman

575
00:31:53,560 --> 00:31:56,120
Speaker 1: member Joe Crawley, who lost to her, was on our

576
00:31:56,120 --> 00:31:58,960
Speaker 1: show earlier this week, and he was saying it is

577
00:31:59,400 --> 00:32:00,800
Speaker 1: you know, he said, Know, maybe I'm not the right

578
00:32:00,800 --> 00:32:03,080
Speaker 1: messenger to say this, but a lot of these Democrats

579
00:32:03,080 --> 00:32:06,760
Speaker 1: who won, they weren't the AOC brand of the Democratic Socialists.

580
00:32:06,760 --> 00:32:10,640
Speaker 1: They were actually in suburban districts that lets right, and

581
00:32:10,760 --> 00:32:13,600
Speaker 1: that they're that they're like that, they're left a center.

582
00:32:14,000 --> 00:32:16,480
Speaker 1: So is it I don't know. Is it? Is it

583
00:32:16,640 --> 00:32:19,440
Speaker 1: when when we hear about impeachment as Speaker Pelosi referee

584
00:32:19,440 --> 00:32:22,880
Speaker 1: Pelosi has had to navigate this week, Mark, how is

585
00:32:22,920 --> 00:32:25,040
Speaker 1: she going to do this? I mean, especially as the

586
00:32:25,120 --> 00:32:28,200
Speaker 1: calls from the impeachment not just coming from her caucus,

587
00:32:28,520 --> 00:32:31,560
Speaker 1: but now on the campaign trail. Yeah. I think Nancy,

588
00:32:31,720 --> 00:32:33,360
Speaker 1: as we've talked about before in the show. I mean,

589
00:32:33,400 --> 00:32:35,760
Speaker 1: she met John F. Kennedy. She comes from a long

590
00:32:35,800 --> 00:32:38,640
Speaker 1: line of political families. She's easily one of the smartest

591
00:32:38,640 --> 00:32:41,360
Speaker 1: people in politics in the country. I think Baltimore City

592
00:32:41,360 --> 00:32:44,280
Speaker 1: politics too rough and tumbled Baltimore City, especially if you've

593
00:32:44,280 --> 00:32:49,960
Speaker 1: been following the mayor. They're currently selling selling some some

594
00:32:50,080 --> 00:32:53,640
Speaker 1: rough children's books. I'm not making this up. She's under investigation.

595
00:32:53,680 --> 00:32:56,120
Speaker 1: Mayor Pew of Baltimore holding on for dear life, they

596
00:32:56,120 --> 00:32:58,840
Speaker 1: should investigate the typos in those children's books. Well they're no.

597
00:32:58,880 --> 00:33:00,480
Speaker 1: I mean, we're making fun of it, and it's it's

598
00:33:00,520 --> 00:33:03,280
Speaker 1: kind of crazy. She was like said, she's allegedly, she's

599
00:33:03,280 --> 00:33:07,320
Speaker 1: denying this, allegedly is accused of making money eight hundred

600
00:33:07,320 --> 00:33:11,760
Speaker 1: tho dollars worth in order for an order to do this.

601
00:33:11,800 --> 00:33:14,480
Speaker 1: But go ahead, back to I think one of the

602
00:33:15,640 --> 00:33:18,600
Speaker 1: smartest politicians. I think she's She's right. I mean, there's

603
00:33:18,600 --> 00:33:21,720
Speaker 1: no short term gain to say, hey, we're gonna do impeachment.

604
00:33:21,920 --> 00:33:23,560
Speaker 1: I think what the Democrats are gonna do. You're gonna

605
00:33:23,560 --> 00:33:26,360
Speaker 1: see Nadler have hearings, bring bar to the hill, bring

606
00:33:26,440 --> 00:33:28,840
Speaker 1: muellerk drag this out throughout the summer. See we can't

607
00:33:28,840 --> 00:33:31,920
Speaker 1: get some more momentum. It's gonna be on the campaign trail.

608
00:33:32,000 --> 00:33:35,320
Speaker 1: Let the Democrats like Kamala Harris bring it up. Elizabeth

609
00:33:35,320 --> 00:33:38,920
Speaker 1: Warren and Nancy is saying, listen, let's just go forward,

610
00:33:38,960 --> 00:33:41,840
Speaker 1: see what happens. I think she is doing a great

611
00:33:41,880 --> 00:33:45,920
Speaker 1: job navigating this. To follow through on the soccer analogy.

612
00:33:45,920 --> 00:33:48,080
Speaker 1: I would just like on her to perhaps as lott

613
00:33:48,160 --> 00:33:51,320
Speaker 1: on Ibrahimovich who comes over from Europe and no idea

614
00:33:51,440 --> 00:33:53,280
Speaker 1: that is, and I played soccer my whole life exactly

615
00:33:53,280 --> 00:33:55,800
Speaker 1: out in l a who came from the Swedish national

616
00:33:55,800 --> 00:33:58,920
Speaker 1: team and who is having a resurgence and renaissance as

617
00:33:58,920 --> 00:34:02,920
Speaker 1: a player. Uh, finding reserves of strength no one expected. Uh.

618
00:34:03,000 --> 00:34:06,360
Speaker 1: And the plane speaker Pelosi is demonstrating that if anyone's

619
00:34:06,360 --> 00:34:09,760
Speaker 1: gonna have the prowess to land that plane, she will. Well, okay,

620
00:34:09,800 --> 00:34:11,839
Speaker 1: but how does she do it? When Senator Elizabeth Warren,

621
00:34:11,920 --> 00:34:16,319
Speaker 1: Democrat from Massachusetts is saying impeach, impeach, impeach, and for

622
00:34:16,520 --> 00:34:20,319
Speaker 1: twenty Democrats running for president now a question that former

623
00:34:20,400 --> 00:34:22,080
Speaker 1: Vice President Joe Biden is going to get asked? Are

624
00:34:22,080 --> 00:34:24,359
Speaker 1: all gonna get asked about the impeachment? Where you sit

625
00:34:24,400 --> 00:34:26,359
Speaker 1: is where you stand me, Elizieth Warren is one job,

626
00:34:26,440 --> 00:34:28,440
Speaker 1: that is the raise money. That's on a daily basis.

627
00:34:28,560 --> 00:34:31,320
Speaker 1: Nancy's job, Nancy Pelosi's job is to keep the house

628
00:34:31,560 --> 00:34:33,799
Speaker 1: under control. Uh. They have different messages, And I think

629
00:34:33,800 --> 00:34:36,040
Speaker 1: what you're gonna hear? I think the Nadler strategy of

630
00:34:36,080 --> 00:34:39,080
Speaker 1: having ongoing hearings every two weeks, dragging this out over

631
00:34:39,120 --> 00:34:41,200
Speaker 1: the summer, they get down again on the hill. How

632
00:34:41,239 --> 00:34:43,960
Speaker 1: that's a Penot fight. That's something really smart politics was

633
00:34:44,040 --> 00:34:45,880
Speaker 1: ragging you out the report. There's two things. One is

634
00:34:46,000 --> 00:34:48,719
Speaker 1: mean to your point exactly that there's one job that

635
00:34:48,760 --> 00:34:50,880
Speaker 1: the candidates have, and that is to have the candidate topic.

636
00:34:51,200 --> 00:34:53,600
Speaker 1: And the other is that Speaker Pelosi has a valve

637
00:34:53,719 --> 00:34:56,680
Speaker 1: right and she can uh turn that valve to let

638
00:34:56,680 --> 00:34:59,640
Speaker 1: off steam as much as as needed. Um. There's also

639
00:35:00,040 --> 00:35:04,040
Speaker 1: public opinion. Right polling has showed that a swath of America,

640
00:35:04,239 --> 00:35:07,880
Speaker 1: while critical of the administration, believing much of the Mulla Report,

641
00:35:08,040 --> 00:35:10,080
Speaker 1: is not in favor of impeachment. I think that the

642
00:35:10,080 --> 00:35:12,399
Speaker 1: Speaker has that in one hand and has that valve

643
00:35:12,440 --> 00:35:14,480
Speaker 1: in the other to let off steam through these hearings

644
00:35:14,520 --> 00:35:17,080
Speaker 1: and so on. And imagine Nancy Pelosi is told the

645
00:35:17,200 --> 00:35:20,319
Speaker 1: entire American, the whole country, I'm not gonna go down

646
00:35:20,320 --> 00:35:22,719
Speaker 1: the empiquement path. But every day this week, I think

647
00:35:22,800 --> 00:35:25,279
Speaker 1: the President has woken up and said, you know, there's

648
00:35:25,280 --> 00:35:28,480
Speaker 1: been a coup. Data. This report is bogus, there's collusion, delusion.

649
00:35:29,080 --> 00:35:32,000
Speaker 1: Clearly the report is bothering him, and he knows that

650
00:35:32,000 --> 00:35:34,920
Speaker 1: it's a dangerous situation. For well, we actually have President

651
00:35:35,360 --> 00:35:38,879
Speaker 1: Trump talking on his way to a national Rightful Association

652
00:35:38,960 --> 00:35:42,000
Speaker 1: rally earlier today, he stopped and talked when he was

653
00:35:42,040 --> 00:35:45,680
Speaker 1: asked directly about whether he would be allowing former White

654
00:35:45,680 --> 00:35:49,000
Speaker 1: House counsel Tom McGan to testify before Congress, and the

655
00:35:49,000 --> 00:35:51,520
Speaker 1: President said the long inquiry of the Mulla report was

656
00:35:52,120 --> 00:35:55,000
Speaker 1: quote enough. I actually want to play what the President

657
00:35:55,040 --> 00:35:57,279
Speaker 1: had to say about all about this conversation that we're

658
00:35:57,280 --> 00:36:03,160
Speaker 1: having here. Here's President Trump. Yeah, Democrats have never been angrier,

659
00:36:04,520 --> 00:36:10,160
Speaker 1: especially now that they're collusion delusion has been exposed to

660
00:36:10,280 --> 00:36:14,840
Speaker 1: the world as a complete and total fraud. That was

661
00:36:14,840 --> 00:36:20,080
Speaker 1: President Trump earlier talking about well, he says, defending his administration,

662
00:36:20,120 --> 00:36:23,480
Speaker 1: and coming up, we're gonna talk more specifically about the

663
00:36:24,280 --> 00:36:27,640
Speaker 1: election and what former Vice President Joe Biden's re entrance

664
00:36:27,680 --> 00:36:30,920
Speaker 1: into the race this week means for a very crowded,

665
00:36:30,960 --> 00:36:35,120
Speaker 1: crowded Democratic primary. Field panel stays. You can download the

666
00:36:35,160 --> 00:36:39,600
Speaker 1: sound on podcasts on Apple iTunes, at Bloomberg dot com,

667
00:36:39,800 --> 00:36:42,560
Speaker 1: or by downloading the Bloomberg Business app. Check us out,

668
00:36:42,600 --> 00:36:45,120
Speaker 1: as well as my colleagues on Radio dot com, I

669
00:36:45,200 --> 00:36:48,759
Speaker 1: Heart Radio, and Spotify. I'm Kevin Crelli, and we're broadcasting

670
00:36:48,800 --> 00:36:52,640
Speaker 1: live from the Bloomberg Studios in the Nation's capital of Washington,

671
00:36:52,719 --> 00:36:56,000
Speaker 1: d C. You're listening to sound On. This is Bloomberg.

672
00:37:02,600 --> 00:37:06,799
Speaker 1: You're listening to sound On with Kevin Surreally on Bloomberg

673
00:37:08,000 --> 00:37:10,000
Speaker 1: and one oh five point seven of m h D

674
00:37:10,080 --> 00:37:14,280
Speaker 1: two Baltimore. It's not a beautiful day here in Washington,

675
00:37:14,360 --> 00:37:17,920
Speaker 1: d C. Where I am. I'm Bloomberg Television and Bloomberg

676
00:37:18,000 --> 00:37:22,280
Speaker 1: Radio Chief Washington correspondent Kevin SURREALI where it's a rainy

677
00:37:22,360 --> 00:37:26,480
Speaker 1: day here as we broadcast from the nation's capital. Overcast day.

678
00:37:26,520 --> 00:37:30,080
Speaker 1: To be more precise, Uh, we're broadcasting live from the

679
00:37:30,080 --> 00:37:34,240
Speaker 1: Bloomberg studios in Washington, d C. I want to welcome

680
00:37:34,280 --> 00:37:38,120
Speaker 1: our national audience as we navigate through all things policy

681
00:37:38,120 --> 00:37:42,279
Speaker 1: and politics, trade, populous waters. The President is going to

682
00:37:42,320 --> 00:37:45,479
Speaker 1: be meeting with Japanese Prime Minister Shinzo Abe later this evening.

683
00:37:45,520 --> 00:37:49,800
Speaker 1: He's gonna have dinner dinner with the Japanese Prime minister,

684
00:37:49,840 --> 00:37:54,040
Speaker 1: and trade talks continue tomorrow. Nobody wants tariffs. The Japanese

685
00:37:54,040 --> 00:37:56,719
Speaker 1: don't want tariffs, the Europeans don't want tariffs. President Trump

686
00:37:56,760 --> 00:38:00,520
Speaker 1: says he's a tariff ma'am. Meanwhile, Secretary manuch In, US

687
00:38:00,560 --> 00:38:03,759
Speaker 1: Trade Representative Bob Lightheiser they're headed to Beijing to keep

688
00:38:03,800 --> 00:38:07,480
Speaker 1: talking trade with the Chinese and President of China Si

689
00:38:07,600 --> 00:38:10,120
Speaker 1: Jing Ping. He says he might be able to get

690
00:38:10,120 --> 00:38:12,600
Speaker 1: on board with some of the chatter coming out of

691
00:38:13,400 --> 00:38:18,160
Speaker 1: Pennsylvania Avenue in terms of well allowing for US companies

692
00:38:18,200 --> 00:38:21,719
Speaker 1: to make some inroads into Chinese markets, as well as

693
00:38:21,719 --> 00:38:25,759
Speaker 1: other issues. We're talking national security. Did you see this?

694
00:38:26,800 --> 00:38:29,880
Speaker 1: North Korea leader Kim jongun met with Russia president of

695
00:38:29,920 --> 00:38:32,200
Speaker 1: Latin Reputin earlier this week. Blink and you'll miss it.

696
00:38:32,840 --> 00:38:37,080
Speaker 1: And of course we're also talking about the election with

697
00:38:37,120 --> 00:38:39,080
Speaker 1: me for the hour. I want to thank Mark Ross,

698
00:38:39,120 --> 00:38:41,600
Speaker 1: founder of Charical Global. He's here with us in studio.

699
00:38:42,080 --> 00:38:45,960
Speaker 1: His firm specializes in how businesses can navigate the populist

700
00:38:45,960 --> 00:38:49,040
Speaker 1: tides and globalization. And Ben Chang, he's a former White

701
00:38:49,080 --> 00:38:53,759
Speaker 1: House National Security Council Director of Communications for the Obama

702
00:38:53,800 --> 00:38:57,600
Speaker 1: and George W. Bush administrations. And Ben I was struck

703
00:38:57,640 --> 00:38:59,920
Speaker 1: by this. The President was talking at the National Right

704
00:39:00,280 --> 00:39:05,400
Speaker 1: Association earlier today and he I was listening. I was like,

705
00:39:05,760 --> 00:39:07,920
Speaker 1: why is he talking about the u N That's right,

706
00:39:08,239 --> 00:39:10,319
Speaker 1: good question. Of course we can imagine that it was

707
00:39:10,360 --> 00:39:13,719
Speaker 1: a way to UH have something to rail against and

708
00:39:13,719 --> 00:39:16,360
Speaker 1: in this case it was the un Arms Trade Treaty.

709
00:39:16,360 --> 00:39:20,480
Speaker 1: What is that when arms Trade treaty? Okay, do not

710
00:39:20,560 --> 00:39:23,959
Speaker 1: expect on a rainy Friday to hear about corre weekend,

711
00:39:24,040 --> 00:39:26,560
Speaker 1: That's right, But he indeed invoked it and then ceremoniously

712
00:39:27,320 --> 00:39:28,799
Speaker 1: signed us out of it even though it had not

713
00:39:28,840 --> 00:39:31,839
Speaker 1: been ratified. But what does this treaty do? Basically, it's

714
00:39:31,880 --> 00:39:35,560
Speaker 1: an agreement that countries will rally around to establish standards

715
00:39:35,760 --> 00:39:38,680
Speaker 1: for the trade of conventional weapons and to reduce the

716
00:39:38,800 --> 00:39:42,839
Speaker 1: illegal elicit arms trade. Right, Um, that's what it does.

717
00:39:42,920 --> 00:39:45,480
Speaker 1: What does it not do? It does not impact any

718
00:39:45,560 --> 00:39:48,880
Speaker 1: member states, that is, the U s a Own laws

719
00:39:49,000 --> 00:39:52,480
Speaker 1: about domestic coun control or ownership. So it really was

720
00:39:52,560 --> 00:39:55,560
Speaker 1: a a kind of paper tiger. There was nothing really

721
00:39:55,600 --> 00:39:58,960
Speaker 1: to rail against. My concern about this is not only

722
00:39:59,000 --> 00:40:01,680
Speaker 1: is another piece of kindling in the fire to burn

723
00:40:01,719 --> 00:40:06,640
Speaker 1: down our reliance and support of multi lateral institutions, but

724
00:40:06,840 --> 00:40:10,600
Speaker 1: it is possibly harmful to our law enforcement in military

725
00:40:10,960 --> 00:40:13,799
Speaker 1: and just public servants and citizens around the world because

726
00:40:13,840 --> 00:40:17,640
Speaker 1: it hinders the world's ability to combat the legal train

727
00:40:17,680 --> 00:40:19,680
Speaker 1: of weapons, the weapons that end up in the hands

728
00:40:19,680 --> 00:40:23,240
Speaker 1: of criminals and others. Yeah, alright, well thanks for that lesson,

729
00:40:24,160 --> 00:40:26,680
Speaker 1: and okay, so Joe Biden, he's in the racist is

730
00:40:26,719 --> 00:40:29,160
Speaker 1: really the big story? I mean, is on everybody's minds?

731
00:40:29,200 --> 00:40:31,839
Speaker 1: And how is how is Joe Biden? You know, going

732
00:40:31,880 --> 00:40:35,120
Speaker 1: to navigate this crowded field? He raised six point three

733
00:40:35,160 --> 00:40:37,400
Speaker 1: million dollars on the first day as a candidate. When

734
00:40:37,440 --> 00:40:39,160
Speaker 1: I say it's on everybody's minds, I really mean on

735
00:40:39,200 --> 00:40:42,880
Speaker 1: political observers here in Washington, it's actually on probably nobody's

736
00:40:42,920 --> 00:40:46,440
Speaker 1: minds outside. It's so incredibly early. But he's seen as

737
00:40:46,440 --> 00:40:48,520
Speaker 1: the front runner. Mark, how does he? How does he?

738
00:40:48,960 --> 00:40:50,880
Speaker 1: I mean, is he really the front runner? Is is

739
00:40:50,880 --> 00:40:55,000
Speaker 1: Bernie Sanders the front runner? Joe Biden is the front

740
00:40:55,080 --> 00:40:58,839
Speaker 1: Why he has the gravitas? I mean he was voice

741
00:40:58,840 --> 00:41:01,920
Speaker 1: present for eight years, using the Senate for thirty forty years.

742
00:41:01,960 --> 00:41:04,640
Speaker 1: I mean, here's a man who has seen everything. He

743
00:41:04,680 --> 00:41:08,279
Speaker 1: knows everybody his rolodex he did. He knows all world

744
00:41:08,400 --> 00:41:11,000
Speaker 1: leaders on a first name basis. I mean, he is easily,

745
00:41:11,040 --> 00:41:12,919
Speaker 1: as he said, the most qualified person for the job

746
00:41:13,000 --> 00:41:15,759
Speaker 1: without a doubt. Um, he's definitely the front runner. He's

747
00:41:15,760 --> 00:41:18,440
Speaker 1: proved it today, raising six point three million dollars and

748
00:41:18,440 --> 00:41:20,839
Speaker 1: twenty four hours, more money than any other candidates raised

749
00:41:20,840 --> 00:41:24,040
Speaker 1: so far. He also added sixty five thousand new email

750
00:41:24,120 --> 00:41:26,400
Speaker 1: names to his list. I mean, very impressive start for

751
00:41:27,239 --> 00:41:30,439
Speaker 1: so most of the top candidates. They tout their first

752
00:41:30,480 --> 00:41:34,120
Speaker 1: day contributions as a show of support from their voters.

753
00:41:34,160 --> 00:41:37,439
Speaker 1: Better over or the former Texas congressman He got six

754
00:41:37,520 --> 00:41:41,000
Speaker 1: point one mill on his first day, and Vermont Senator

755
00:41:41,040 --> 00:41:44,319
Speaker 1: Bernie Sanders got five point nine mills. I mean, I

756
00:41:44,320 --> 00:41:46,360
Speaker 1: don't go ahead, mark this is but you gotta understand

757
00:41:46,480 --> 00:41:49,840
Speaker 1: Joe Biden is only the most money he ever raised

758
00:41:49,840 --> 00:41:52,080
Speaker 1: in twenty years as a center It was like two

759
00:41:52,080 --> 00:41:53,799
Speaker 1: million bucks. I mean, this is like a stat for

760
00:41:53,880 --> 00:41:57,240
Speaker 1: him to like his big Achilles heal with a Democrat Party,

761
00:41:57,320 --> 00:41:59,960
Speaker 1: like Democrat operatives. They think he's lazy. They think he's

762
00:42:00,040 --> 00:42:03,880
Speaker 1: not gonna You can't say Joe Biden's lazy. No, when

763
00:42:03,920 --> 00:42:06,600
Speaker 1: he comes to fundraising, he doesn't. The fact that he

764
00:42:07,160 --> 00:42:10,080
Speaker 1: came out of the gate so strong. He's very serious,

765
00:42:10,080 --> 00:42:11,640
Speaker 1: like he's taking very seriously and he is a team

766
00:42:11,640 --> 00:42:14,240
Speaker 1: around him that support the team. I think they probably

767
00:42:14,360 --> 00:42:17,759
Speaker 1: read these these comments and decided that we need to

768
00:42:17,800 --> 00:42:20,600
Speaker 1: bulk up that operation before we even turn the lights on.

769
00:42:20,760 --> 00:42:25,320
Speaker 1: But from the financial services perspective, Senator Joe Biden represented Delaware,

770
00:42:25,360 --> 00:42:28,720
Speaker 1: where a lot of financial institutions are an economic engine,

771
00:42:28,760 --> 00:42:31,160
Speaker 1: not just in the state of Delaware, but and and

772
00:42:31,560 --> 00:42:34,920
Speaker 1: that whole entire region. How does how does that economic

773
00:42:34,920 --> 00:42:37,560
Speaker 1: record on an initial like Glass Steagle for example, how

774
00:42:37,600 --> 00:42:41,839
Speaker 1: does that impact or how would that be portrayed by

775
00:42:41,920 --> 00:42:44,759
Speaker 1: the likes of Senator war And or even like Kamala Harris. No,

776
00:42:44,800 --> 00:42:47,080
Speaker 1: of course, I think the Democrats that are running in

777
00:42:47,080 --> 00:42:49,800
Speaker 1: the primarya gonna try to find ways to like agitate

778
00:42:49,800 --> 00:42:51,560
Speaker 1: the base, so to speak, with some crazy vote he

779
00:42:51,800 --> 00:42:53,560
Speaker 1: had in Gadies. But at the end of the day,

780
00:42:53,600 --> 00:42:56,240
Speaker 1: if you're listening to Joe Biden's message, he's riding amtrack.

781
00:42:56,440 --> 00:42:59,680
Speaker 1: He's middle class Joe. He is about bringing the country together.

782
00:43:00,160 --> 00:43:01,640
Speaker 1: You can say, go through my record, But the end

783
00:43:01,640 --> 00:43:03,920
Speaker 1: of the day, I have the leadership, I'm going to

784
00:43:04,000 --> 00:43:06,520
Speaker 1: spot the middle class and I know everybody in the

785
00:43:06,560 --> 00:43:08,680
Speaker 1: world I'm ready to piggyback on that. The one one

786
00:43:08,719 --> 00:43:10,880
Speaker 1: of the things that that Biden can point to just

787
00:43:10,920 --> 00:43:13,600
Speaker 1: by sheer denttive experience is a record. Now, admittedly they're

788
00:43:13,760 --> 00:43:16,080
Speaker 1: bumps in that record. There are hiccups. There's things that

789
00:43:16,160 --> 00:43:18,279
Speaker 1: you want to record when you're running for president. Well,

790
00:43:18,360 --> 00:43:20,319
Speaker 1: so this is what his trains has got to be, right,

791
00:43:20,600 --> 00:43:23,600
Speaker 1: And the thing that we'll watch and he's demonstrated to

792
00:43:23,600 --> 00:43:25,719
Speaker 1: an extend so far, is the ability to say and

793
00:43:25,760 --> 00:43:28,840
Speaker 1: I've learned and I'm gonna apply those lessons. And frankly,

794
00:43:28,840 --> 00:43:31,040
Speaker 1: with a large swath of the field, as well intentioned

795
00:43:31,200 --> 00:43:33,600
Speaker 1: and aspirational and idealistic as they are, they don't have

796
00:43:33,640 --> 00:43:36,000
Speaker 1: the ability to do those two things. When President Trump

797
00:43:36,040 --> 00:43:38,640
Speaker 1: took I was gonna say, and two lessons that no

798
00:43:38,719 --> 00:43:41,120
Speaker 1: other candidates have. I mean, he lost a wife early on,

799
00:43:41,239 --> 00:43:43,319
Speaker 1: he's lost his son. I mean, here's a man who

800
00:43:43,320 --> 00:43:46,600
Speaker 1: has suffered great you know, personal loss, has come through

801
00:43:46,680 --> 00:43:48,759
Speaker 1: He's very resilient. I think that is something I mean,

802
00:43:49,280 --> 00:43:51,200
Speaker 1: you know, I don't want to sound all patriotic, but

803
00:43:51,280 --> 00:43:53,760
Speaker 1: I mean Joe Biden really is kind of the American

804
00:43:53,760 --> 00:43:55,920
Speaker 1: success story and that is something that a lot of

805
00:43:55,880 --> 00:43:57,680
Speaker 1: other kids can really talk about. And the one thing

806
00:43:57,680 --> 00:44:00,120
Speaker 1: about the Democratic field, Kevin, thank you, is that is

807
00:44:00,160 --> 00:44:03,760
Speaker 1: a lot of amazing success stories, American stories in the field,

808
00:44:03,760 --> 00:44:06,640
Speaker 1: and just as a as a citizen and a patriot,

809
00:44:06,680 --> 00:44:08,360
Speaker 1: that's an exciting thing for me to watch. And I

810
00:44:08,400 --> 00:44:10,800
Speaker 1: would hope that Democrat or Republican you see that that

811
00:44:10,840 --> 00:44:13,200
Speaker 1: there's these amazing stories. President Trump says he's too old?

812
00:44:13,360 --> 00:44:15,640
Speaker 1: Did you see this? President Trump took a shot at

813
00:44:15,640 --> 00:44:17,480
Speaker 1: the former vice president said hey, he might be too

814
00:44:17,480 --> 00:44:19,799
Speaker 1: old to run for president. And so Joe Biden goes

815
00:44:19,840 --> 00:44:23,960
Speaker 1: on the view ABC's the View, uh, and the view

816
00:44:24,160 --> 00:44:26,839
Speaker 1: hosts were asking him, are you are you too old

817
00:44:26,880 --> 00:44:29,280
Speaker 1: to run for president? Here here's what former Vice President

818
00:44:29,320 --> 00:44:33,200
Speaker 1: Joe Biden said about his age. Here's the former vice president.

819
00:44:33,760 --> 00:44:37,960
Speaker 1: Hopefully I can demonstrate not only with ages come wisdom

820
00:44:38,000 --> 00:44:41,839
Speaker 1: and experience that can make things a lot better. He's

821
00:44:41,880 --> 00:44:46,040
Speaker 1: actually a year younger than Bernie Sanders, for for what

822
00:44:46,080 --> 00:44:48,560
Speaker 1: it's worth. And I gotta be honest here. You know, look,

823
00:44:48,760 --> 00:44:51,560
Speaker 1: I'm I'm a younger of a younger generation. But I

824
00:44:51,600 --> 00:44:54,799
Speaker 1: don't think it's anybody's right and whether no matter what

825
00:44:55,000 --> 00:44:58,600
Speaker 1: line of work or what political stripes I mean to

826
00:44:58,719 --> 00:45:01,520
Speaker 1: be like someone is too old? I mean, who are?

827
00:45:01,840 --> 00:45:04,600
Speaker 1: Who is anyone to say so? I find that's interesting

828
00:45:04,640 --> 00:45:06,799
Speaker 1: and I'm not sure that helps the president from a

829
00:45:06,800 --> 00:45:10,080
Speaker 1: political standpoint. Was senior citizens, It's pretty It's pretty rich

830
00:45:10,120 --> 00:45:12,160
Speaker 1: for a seventy two year old President Trump to tell

831
00:45:12,200 --> 00:45:18,359
Speaker 1: a seventy year old man, what about what about women?

832
00:45:18,360 --> 00:45:22,120
Speaker 1: What about Anita Hill? How is he navigated the Anita Hill? Uh?

833
00:45:22,400 --> 00:45:25,560
Speaker 1: Back and forth? He called Anita Hill. He was on

834
00:45:25,600 --> 00:45:29,200
Speaker 1: that chair that committee. During the Anita Hill testimony. She

835
00:45:29,239 --> 00:45:30,879
Speaker 1: gave an interview to The New York Times and said

836
00:45:30,880 --> 00:45:33,719
Speaker 1: an apology wasn't good enough. Is he able to navigate this?

837
00:45:33,800 --> 00:45:37,400
Speaker 1: I mean, because the broader question is forget about age,

838
00:45:37,600 --> 00:45:41,399
Speaker 1: even the specific nuts. Uh, in this era, in this

839
00:45:41,520 --> 00:45:44,959
Speaker 1: day and age, is he able to navigate that? So

840
00:45:45,200 --> 00:45:48,839
Speaker 1: profound incite alert. Times have changed and this is going

841
00:45:48,880 --> 00:45:51,040
Speaker 1: to be something that won't go away. He will need

842
00:45:51,080 --> 00:45:54,040
Speaker 1: to continue to address this both in word and behavior

843
00:45:54,560 --> 00:45:57,160
Speaker 1: and comportment on the campaign trail. And and this is

844
00:45:57,200 --> 00:45:59,040
Speaker 1: something that is important for us to watch. Alright. So

845
00:45:59,120 --> 00:46:03,080
Speaker 1: this weekend is the White House Correspondence Dinner the White

846
00:46:03,080 --> 00:46:06,800
Speaker 1: House Correspondents Center. President Trump will not be there, and

847
00:46:06,920 --> 00:46:09,080
Speaker 1: he actually his staff sent out an email to all

848
00:46:09,080 --> 00:46:12,359
Speaker 1: the administration officials and said, boycott the dinner. They are

849
00:46:12,400 --> 00:46:14,120
Speaker 1: not allowed to go. And I can tell you that

850
00:46:14,160 --> 00:46:16,719
Speaker 1: off the record and in private conversations with staffers and aids.

851
00:46:16,760 --> 00:46:18,640
Speaker 1: They're like, I kind of wanted to get into that

852
00:46:18,680 --> 00:46:21,640
Speaker 1: party and go to this party, but they can't. They

853
00:46:21,640 --> 00:46:23,839
Speaker 1: can't be seen at the White House Correspondence Dinner, which

854
00:46:23,880 --> 00:46:27,480
Speaker 1: is a big weekend here in Washington, d C. Celebrating

855
00:46:27,760 --> 00:46:31,080
Speaker 1: freedom of speech and democracy. As well as it used

856
00:46:31,120 --> 00:46:33,719
Speaker 1: to represent, it's it's kind of gone through some stages.

857
00:46:34,160 --> 00:46:37,000
Speaker 1: It used to represent in the Obama administration and the

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00:46:37,000 --> 00:46:41,560
Speaker 1: Bush administration, a really like rare moment of brevity where

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00:46:41,560 --> 00:46:45,200
Speaker 1: people could catch their breath and and and whatnot. Well

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00:46:45,239 --> 00:46:48,560
Speaker 1: not anymore. So. Last night I'm at the the Irish

861
00:46:48,600 --> 00:46:52,600
Speaker 1: Ambassador's house, okay, at the Bites and Byelines party. Great party,

862
00:46:52,719 --> 00:46:56,239
Speaker 1: and Sean Spicers there, remember him, Shun Spicer. Sean Spicers there,

863
00:46:56,520 --> 00:46:58,600
Speaker 1: and there's some reporters, I mean, it's White House Correspondent

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00:46:58,640 --> 00:47:02,360
Speaker 1: Center weekend. There's reporters there and they're asking Sean Spicer,

865
00:47:02,360 --> 00:47:05,560
Speaker 1: who was literally in attendance at a White House corresponsor

866
00:47:05,600 --> 00:47:09,360
Speaker 1: event though technically he no longer is in the in

867
00:47:09,400 --> 00:47:13,600
Speaker 1: the administration. If they liked, if if they supported the boycott,

868
00:47:13,640 --> 00:47:16,520
Speaker 1: and he said, you can celebrate quote, you can celebrate

869
00:47:16,560 --> 00:47:19,840
Speaker 1: the First Amendment and all this without necessarily the fanfare,

870
00:47:20,480 --> 00:47:22,400
Speaker 1: and he's back in President Trump. It was you know,

871
00:47:22,520 --> 00:47:25,480
Speaker 1: Sean was there. There were some Democrats there. It's a

872
00:47:25,480 --> 00:47:27,359
Speaker 1: great weekend. Then I know you're gonna be around. Mark.

873
00:47:27,360 --> 00:47:29,560
Speaker 1: I'll see you around as well. And that's if we

874
00:47:29,640 --> 00:47:31,319
Speaker 1: go ahead. When you got like you got a couple

875
00:47:31,320 --> 00:47:33,280
Speaker 1: of second, a couple of seconds as a former administration

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00:47:33,320 --> 00:47:35,439
Speaker 1: fisher who attended and as a former DJ who would

877
00:47:35,440 --> 00:47:38,680
Speaker 1: play with the part DJ, I think that it's actually

878
00:47:38,719 --> 00:47:41,160
Speaker 1: a chance, and it's not apparent outside the city for

879
00:47:41,200 --> 00:47:43,360
Speaker 1: people to let down their guard a little and actually

880
00:47:43,800 --> 00:47:46,680
Speaker 1: behaves as regular humans, as humans, and even with the

881
00:47:46,719 --> 00:47:48,520
Speaker 1: celebrities that will come in to actually get an insight

882
00:47:48,600 --> 00:47:50,840
Speaker 1: into Washington. Song you ever put on your playlist at

883
00:47:50,840 --> 00:47:53,359
Speaker 1: a White House correspons Susan Rice was behind the DJ,

884
00:47:53,440 --> 00:47:55,040
Speaker 1: but with me and my wife and it was Prince,

885
00:47:55,120 --> 00:47:57,480
Speaker 1: All things Prince. It always gets the floor going, and

886
00:47:57,680 --> 00:47:59,760
Speaker 1: so does Bruce Springstand. I want to thank Ben Chang

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00:47:59,760 --> 00:48:03,719
Speaker 1: and Ark Ross for joining me. Happy White House Correspondence dinner, everybody,

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00:48:03,800 --> 00:48:07,160
Speaker 1: Happy weekend. I'm Kevin CERELLI cheap Washington correspondent from Bloomberg

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00:48:07,200 --> 00:48:10,719
Speaker 1: Television of Bloomberg Radio appreciate you tuning in. That does

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Speaker 1: it for me. You're listening to Bloomberg