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

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Speaker 1: do nothing space sports. I still think it's interesting President

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Speaker 1: Trump not playing his cards yet headlines Policy and Politics,

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Speaker 1: colliding to sound on with Kevin's related the insiders, the influencers,

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Speaker 1: the insides. I would rather see a congressional solution. It's

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Speaker 1: part of my DNA. The Senate map in looks a

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Speaker 1: lot different than it looked in. You really have a

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Speaker 1: divide within Team Trump. The President has to do exactly

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Speaker 1: what people send him here to do, which is to

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Speaker 1: get it done. He's sound on with Kevin's. He related

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Speaker 1: on Bloomberg one and one seven F M H D

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Speaker 1: two Boltimore. It's FED day and FED Chair Jerome Powell

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Speaker 1: signaling prolonged FED pause as inflation lags. We'll get the

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Speaker 1: latest on the Federal reserve front in terms of the

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Speaker 1: latest economic data. Meanwhile, President Trump is in Ohio, Ohio, Ohio, Lima, Ohio.

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Speaker 1: What the President had to say about US China trade

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Speaker 1: talks and bregsit What does it mean for Americans? We

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Speaker 1: have an all star panel to help walk us through this.

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Speaker 1: Mark Ross, friend of the show, founder of Caricot Global,

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Speaker 1: which specializes in thought leader communications for business executives working

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Speaker 1: at the intersection of globalization, disruption and politics. And Maddie Doubler,

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Speaker 1: another friend of the program. She's a senior fellow at

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Speaker 1: the National Taxpayers Union and a former coalitions director for

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Speaker 1: the House Republican Conference. We're gonna get all into Federal

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Speaker 1: Reserve Chairman J Powell's decision regarding the rate hikes the

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Speaker 1: Central Bank to tapering their balance sheet runoff starting in May.

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Speaker 1: Will have more from fed Share J Powell coming up

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Speaker 1: on in the program. He said that interest rates could

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Speaker 1: be on hold for quote some time end quote as

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Speaker 1: the global risks way on the economic outlook and what

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Speaker 1: those global risks are well, international unrest, over trade policy,

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Speaker 1: and not just in the unit righted States, which is

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Speaker 1: really what's interesting. Because President Trump, for his part, spent

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Speaker 1: the morning at the White House, and before he took

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Speaker 1: off for Lima, Ohio, he said he has no idea

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Speaker 1: when the Mueller investigation is going to be finalized. I

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Speaker 1: feel like it's just become this Washington parlor game almost

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Speaker 1: about when this report is going to be dropped. I

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Speaker 1: said it on air on on Bloomberg TV earlier and

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Speaker 1: I'll say it again. I kind of live in constant

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Speaker 1: fear that this thing is going to come out, and

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Speaker 1: I'm not gonna be near the studio or near anywhere

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Speaker 1: for work. But I also know that the two all

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Speaker 1: star panelists that we have for the hour also live

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Speaker 1: in fear for when the Mueller report will drop. Maddie

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Speaker 1: Doppler is senior Fellow at the National Taxpayers Union and

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Speaker 1: former Coalitions director for the House Republican Conference. And Mark

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Speaker 1: Ross is founder of Artical Global, which specializes in globalization,

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Speaker 1: UH disruption in politics and and advising business leaders on

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Speaker 1: all of those topics. And so the President takes off

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Speaker 1: from Washington to go to Lima, Ohio, where he touts

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Speaker 1: manufacturing jobs, and at the same time, just across the

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Speaker 1: state in Lordstown, Ohio, General Motors has shut down, UH

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Speaker 1: their their plant. They're laying off thousands of workers. And

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Speaker 1: obviously everyone knows Ohio is a key battleground state, but

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Speaker 1: it was it was really a study in contrast. I

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Speaker 1: looked up at the monitor in the control room earlier

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Speaker 1: today and I saw it said, like Trump working for

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Speaker 1: average Joe's. I mean, he couldn't have been anymore and

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Speaker 1: he was trying to troll. I mean, there's trolling on Twitter,

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Speaker 1: and then there's trolling the former Vice president Joe Biden,

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Speaker 1: like literally at at at campaign rallies. But Maddie, I'll

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Speaker 1: let you. Let's let's kick things off with you. So

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Speaker 1: the president does he have a problem with this GM

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Speaker 1: situations as he's towning manufacturing in Lima. I would certainly

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Speaker 1: say that the President doesn't think he has a problem

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Speaker 1: because he has positioned himself as the champion of those

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Speaker 1: workers at the GM factory. Now, again, this is someone,

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Speaker 1: this is something that frustrates someone like me who is

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Speaker 1: a classical liberal, small l free marketer um as a

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Speaker 1: Republican right but someone who believes that the globalization and

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Speaker 1: free markets are good because they have produced untold wealth

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Speaker 1: and prosperity and opportunity for consumers and Americans. And this

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Speaker 1: is something that became very clear to us very early

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Speaker 1: on the Trump campaign is that we kind of that

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Speaker 1: collective community have failed to tell that story in a

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Speaker 1: compelling way. And that's why Trump has an audience in

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Speaker 1: Ohio when he goes there and he says, we're going

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Speaker 1: to save your jobs. We're gonna stop what's happening here

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Speaker 1: in Ohio. This, this is a problem that this is

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Speaker 1: this is something that you know, we need to save

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Speaker 1: Americans from, rather than recognizing that that factory was producing

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Speaker 1: cars that no one in America wanted to buy. And

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Speaker 1: these are the same elas ciccs that were in place

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Speaker 1: that prevented GM from restructuring back into thousand nine. And

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Speaker 1: while we had to have a taxpayer bailout of the

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Speaker 1: company to begin with because they didn't respond to consumer demand.

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Speaker 1: So we need to be telling that story better as

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Speaker 1: people who are a little bit more academic. But also

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Speaker 1: you can understand why Trump feels like he has an

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Speaker 1: audience then when he's going to Ohio, because he feels

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Speaker 1: like these people understand him because they're the ones who

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Speaker 1: were exactly they were responding to the argument that he

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Speaker 1: was making, which was I hear you, I see you.

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Speaker 1: I want to fix this problem, right. But Mark Ross,

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Speaker 1: I mean it's one thing too. I mean, you know,

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Speaker 1: he ran as an outsider. Now he's in he's in Lima, Ohio,

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Speaker 1: and he and he's in his element. We've all seen

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Speaker 1: him heard him when he's in his element in terms

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Speaker 1: of working with manufacturers in particular. But if you're if

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Speaker 1: you live in Youngstown, Ohio, which previously you know, it

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Speaker 1: is packed with voters who voted for Obama crossed over

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Speaker 1: to Trump. I mean, this is that right there, that

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Speaker 1: microcosm which was and we had Congressman Tim Ryan on

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Speaker 1: earlier and Dave Green of the United Auto Workers on

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Speaker 1: earlier this week. I mean, this is the battleground that

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Speaker 1: right there in Youngstown, Ohio is the election? Yeah, I

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Speaker 1: think you know, Trump foolishly involved this, Maddy pointed. I

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Speaker 1: mean the biggest problem with GM that the vehicle they

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Speaker 1: were making there, the Chevy Cruise, nobody wants. The consumers

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Speaker 1: decided they want to move on, and also GM wants

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Speaker 1: to shift to an electric vehicle future. Um. Trump is

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Speaker 1: fighting essentially the last manufacturing war, so to speak. But

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Speaker 1: the politics absolutely fantastic. Every major Republican who was campaign

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Speaker 1: has to go to a Lama, Ohio huge tank factory

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Speaker 1: northwest Ohio. You have to win visa v But in

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Speaker 1: some ways, why didn't Trump go to young Sound, Why

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Speaker 1: didn't he go to Lordstown today? Why isn't he there

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Speaker 1: with you know, in Tim Ryan's congressional district making the case.

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Speaker 1: I mean, I think Tim Ryan's gonna run for president,

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Speaker 1: uh study with Tim Ryan and Green study. You guys

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Speaker 1: are classmates. He was a little I'm a little bit. Yeah,

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Speaker 1: he's a little younger than me. But he was college Democrats.

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Speaker 1: I was college Republican. Um. Yeah, he could certainly he

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Speaker 1: if not president, he'll certainly run stay wide Ohio. He's

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Speaker 1: got all the right factors and could certainly run and

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Speaker 1: win the statewide race in Ohio. What do you make

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Speaker 1: of the whole Joe Biden trolling at the rally? I

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Speaker 1: was something I kind of was because usually we're just

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Speaker 1: used to I mean, if the President wants to tweet something,

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Speaker 1: usually he'll just tweet it. I mean, now there was

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Speaker 1: literally signage. But we know also that Joe Biden is

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Speaker 1: someone the White House considers to be a serious competitor

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Speaker 1: for exactly the reasons we've been talking about. Trump has

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Speaker 1: been able to speak to audiences the way Republicans have

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Speaker 1: failed in the past, and those are the same audiences

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Speaker 1: that Joe Biden has really been able to connect with

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Speaker 1: by styling himself as, you know, kind of a Midwestern

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Speaker 1: type guy, man of the people. I mean, certainly that's

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Speaker 1: something that Democrats themselves lack in. So maybe we're just

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Speaker 1: all over thinking it as political junkies. Maybe it really

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Speaker 1: is not about Joe Biden and President Donald Trump. Maybe

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Speaker 1: it is just folks don't want the Chevy cruise. But

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Speaker 1: maybe it's also also just, you know, regardless of which

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Speaker 1: party is in power, a sign of the shifting you know,

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Speaker 1: trade agreements and whatnot. And we'll we'll die more into that.

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Speaker 1: Treasury Secretary Stephen Manusian is headed back over to China

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Speaker 1: with US Trade Representative Bob light HIGs there next week. Meanwhile,

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Speaker 1: the Export Import Bank is going to be having their

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Speaker 1: annual conference at the OMNI in DC at the end

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Speaker 1: of next week, and Larry Cudlow Peter Navarro are gonna

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Speaker 1: be over there. That'll be interesting. You couldn't have two anywhere.

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Speaker 1: It's really Navarro and Cudlow. I mean, do they agree.

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Speaker 1: You know, Look, I've I mean, I've interviewed them both,

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Speaker 1: but sometimes I don't, you know, it's a diverse ideological

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Speaker 1: diversity between the two. But but on trade in particular,

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Speaker 1: and well, President Trump was asked about where talks stand

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Speaker 1: between the US and China earlier today. Here's the President

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Speaker 1: on US China trade talks before he took off for Lima.

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Speaker 1: But we're getting along with China very well. President She

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Speaker 1: is a friend of mine. The deal is coming along nicely.

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Speaker 1: We have our top representatives going there this weekend to

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Speaker 1: further the deal. So, I mean, he keeps saying that

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Speaker 1: they're going along nicely, But every time you logged onto

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Speaker 1: the Bloomberg terminal, there's always a new headline about, you know,

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Speaker 1: China's gonna back off buying Boeing, or China's gonna triple

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Speaker 1: their purchases of agriculture until President She and President Trump

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Speaker 1: have a one off, whether it's at Marl Lago or

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Speaker 1: whether it's at the White House mark, I'm not sure

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Speaker 1: that there's really even an end in sight. No, yeah,

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Speaker 1: there's no end in sight. Even if we get a deal,

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Speaker 1: whatever that means, there's gonna be folks that are gonna

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Speaker 1: be displeased with it. Um, this is a very complex issue.

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Speaker 1: Certainly trying to can buy more goods, more jets, more plans,

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Speaker 1: more commodity products, but we have huge technological issues that

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Speaker 1: are really going to be the future about this relationship. Um,

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Speaker 1: Who who's gonna control five G Who's going to control

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Speaker 1: UH cybersecurity? These are big issues that frankly, a deal

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Speaker 1: will happen, and Trump will say there's a deal, but

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Speaker 1: the deal could be empty. But you know what, he

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Speaker 1: doesn't have to sell the deal to shareholders, Maddie. He

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Speaker 1: has to sell the deal to Youngstown. So how does

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Speaker 1: he sell any type of an agreement to Youngstown, Ohio. Well,

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Speaker 1: that has been part of why Trump has focused so

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Speaker 1: much on and the what China will buy from us?

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Speaker 1: Right this surplus in goods, what kind of ag products,

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Speaker 1: what kind of energy products they'll buy from us? Because

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Speaker 1: that's where you see the immediate effect in those communities

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Speaker 1: because they're on's producing those goods that we've seen. Not

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Speaker 1: that Chinese have stopped buying in the intervening months, but

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Speaker 1: this is the challenge for the president, right for him

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Speaker 1: to say that we're getting closer to a deal. Right

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Speaker 1: before they delayed that deadline on the tariffs, the administration

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Speaker 1: had been very clear about some of the issues that

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Speaker 1: were just mentioned, the technology, the joint business ventures, all

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Speaker 1: of the structural issues that we have in China. That

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Speaker 1: has faded a little bit to the backburner for the administration.

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Speaker 1: They're leading very much, very heavily on the notion that

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Speaker 1: China is going to buy more from US because they

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Speaker 1: know they'll see an immediate impact in those communities that

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Speaker 1: have felt the effect of the trade war. And I

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Speaker 1: just can't understate this enough. I think the Chinese economic

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Speaker 1: forecast is also a huge shadow over this UH and

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Speaker 1: the Chinese economic forecast is not as good as America's.

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Speaker 1: We're gonna get into America's economic forecast coming up with

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Speaker 1: our all star panel. It was fed Rate Hike Day,

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Speaker 1: Maddie Douppler, Mark Ross, stay with me for the hour.

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

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Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app.

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Speaker 1: You can also find us on radio dot com and

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Speaker 1: I Heart Radio. I'm Kevin CERELLI you are listening to Bloomberg.

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Speaker 1: This is Sound On with Kevin Crell on Bloomberg one

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Speaker 1: and one seven f M h D two, Baltimore. You

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Speaker 1: better love me. I kept this place open that I can.

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Speaker 1: You'd better love me. President Donald Trump in Lima, Ohio,

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Speaker 1: speaking at an army tank plan in Lima, Ohio. Now

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Speaker 1: just across the state, however, in Lordstown, the Lordstown General

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Speaker 1: Motors Plan, Well, that plant shutdown. That's by Youngstown, Ohio.

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Speaker 1: Key battleground portion of the ever important presidential political state

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Speaker 1: that is Ohio, Ohio, Ohio. I'm Kevin Serelli, Burg News

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Speaker 1: Chief Washington correspondent for Bloomberg Television and Bloomberg Radio with

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Speaker 1: me for the hour to help navigate through these economic

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Speaker 1: developments today with the President and trade policy and fed

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Speaker 1: day Brexit. Even Mattie Douppler, senior fellow at the National

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Speaker 1: Taxpayers Union and former Coalitions director for the House Republican Conference,

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Speaker 1: and Mark Ross, founder of Terrical Global. So we were

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Speaker 1: talking Maddie earlier in the show about tariffs, and the

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Speaker 1: President says things are going well between the US and

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Speaker 1: China on the trade front. Treasury Secretary Manution headed over

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Speaker 1: to China to continue the negotiations. I was struck by

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Speaker 1: something the President Trump said earlier today because one of

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Speaker 1: the things I hear from sources up on the street

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Speaker 1: a lot about is how will any type of an

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Speaker 1: agreement be enforced? Enforcement mechanisms, Enforcement mechanisms. Well, here's what

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Speaker 1: the President had to say about keeping TIFF's in place

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Speaker 1: a little bit longer. Here's the President Now, we're not

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Speaker 1: talking about removing them, We're talking about leaving them and Uh,

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Speaker 1: for a substantial period of time, because we have to

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Speaker 1: make sure that if we do the deal with China,

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Speaker 1: that China lives by the deal. To live by the deal,

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Speaker 1: the tariffs have to stay. So this is an interesting

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Speaker 1: comment from the President because up until this point, remember

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Speaker 1: the President delayed tariffs on March one as a way

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Speaker 1: to keep China the negotiating table to get a favorable

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Speaker 1: deal for the United States. Then consequently he said that listen,

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Speaker 1: we'll either get a good deal of United States or

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Speaker 1: we'll walk away from it. Right. He has said that

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Speaker 1: multiple times. Advisors have said that. So the question then

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Speaker 1: is what does the deal look like that you keep

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Speaker 1: tariffs in place, which are what the president. The President

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Speaker 1: as a tariff man, so he believes that tariffs really

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Speaker 1: work as a as a means of keeping a country

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Speaker 1: in check. So what does the deal look like that

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Speaker 1: has both favorble for the United States but requires tariffs

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Speaker 1: to stay in place. Yeah, because the business community mark

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Speaker 1: hates tariffs. They don't like the is it in Trump

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Speaker 1: calls himself a tariff man. No, it's very Uh. It

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Speaker 1: hurts obviously supply chains, which is a big issue. Also,

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Speaker 1: I'd like to remind you know the President that they

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Speaker 1: have radios and they have TVs in Beijing, and I

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Speaker 1: think hearing this back in China, I think they're gonna

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Speaker 1: be saying themselves, why would we negotiate a deal? Just

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Speaker 1: like the President has special interests and factions within his

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Speaker 1: own party in caucus, the same thing is happening with

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Speaker 1: President she He has his own domestic audiences that he

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Speaker 1: needs to play. Kate. I think him saying that today

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Speaker 1: it was a very flippant cavalier. I can't believe late

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Speaker 1: has our Minu thought that was a good idea well.

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Speaker 1: And the other thing too. We talked earlier about the

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Speaker 1: effect that the US China trade war has had in communities,

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Speaker 1: particularly in the United States. These communities in the Midwest,

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Speaker 1: I've voted for Trump, They're the ones that feel the

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Speaker 1: impact of these tariffs. So if those stay in place

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Speaker 1: as a result of a US China deal, perhaps the

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Speaker 1: equity markets feel a little bit of relief because we

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Speaker 1: don't have the trade deal hanging over us anymore. But

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Speaker 1: certainly the communities that the President needs to vote for

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Speaker 1: him in will continue to feel the effects of that

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Speaker 1: trade policy. You know, I I hate to I'm not laughing,

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Speaker 1: but as you can hear in my voice, I'm kind

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Speaker 1: of I mean, I'm not laughing, but I mean Wall

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Speaker 1: Street has said they want enforcement mechanisms, and the President

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Speaker 1: essentially said in Lima, Ohio, sure the tariffs will be

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Speaker 1: and and Wall Street hates the tariffs. So I mean

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Speaker 1: it's uh. I thought it was careful what you wish

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Speaker 1: for a type of rhetoric coming from President Trump in Lima, Ohio.

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Speaker 1: All right, Well, it's fascinating to hear literally in real

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Speaker 1: time and and and I call it ground zero touns

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Speaker 1: like Lima, Ohio as well as Youngstown, Delaware County, Pennsylvania,

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Speaker 1: where I grew up to hear about the trade developments,

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Speaker 1: because in America that is ground zero for for the

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Speaker 1: trade uh disputes, trade wars, whatever you want to call them.

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Speaker 1: And it's also fascinating to hear it reverberate at the

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Speaker 1: local level but also all the way up to the

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Speaker 1: Central Bank and FED Chair J. Powell, Uh, you know,

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Speaker 1: noting in particular about uh, the global risks. I love

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Speaker 1: how like FED speak is very different, by the way,

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Speaker 1: from populace rhetoric like we we need a translation, right, guys,

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Speaker 1: break actually That's why I like listening these FED problems. Well,

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Speaker 1: the FED Chair J. Powell said today that interest rates

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Speaker 1: could be on hold for quite some time as global

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Speaker 1: risks way on the economic outlook and inflation inflation remains

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Speaker 1: a muted and and let's play for you what FED

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Speaker 1: Chair J. Powell said earlier today in terms about their

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Speaker 1: need to be patient, A patient Fed, a patient Central Bank.

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Speaker 1: Here's the FED chair A patient J. Powell. Patient means

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Speaker 1: that we see no need to rush to judgment. It

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Speaker 1: may be some time before the outlook for jobs and

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Speaker 1: inflation calls clearly for a change in policy. So translate

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Speaker 1: that for us, Maddie Doubler, What does that mean for

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Speaker 1: folks who just want to know what the heck is

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Speaker 1: going on with the rate hike. So, if you recall

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Speaker 1: last year, especially the end of the year, tons of

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Speaker 1: alatility surrounding what the FED was going to do because markets, investors,

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Speaker 1: and policymakers were concerned that FED was going to height

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Speaker 1: breaks because they thought the economy was growing too fast,

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Speaker 1: too strong. Now we saw at the end of last

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Speaker 1: year that not only was that not only in the

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Speaker 1: case when it came to UH fiscal policy um but

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Speaker 1: also Obviously equity suffered quite a bit from that kind

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Speaker 1: of over exuberant enthusiasm. So the Fed now is saying that, listen,

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Speaker 1: we see the effect of our policy making. We think

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Speaker 1: that right now the economy is cooking along at a

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Speaker 1: good enough rate that the Fed doesn't need to intervene

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Speaker 1: one way or the other. So we're going to continue

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Speaker 1: this pause on interest rates. And that was pretty much

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Speaker 1: what was expected. Uh, that is not surprising to me.

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Speaker 1: His comments on the balance sheet were a little more illuminating,

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Speaker 1: because that's kind of what we had. That's what the

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Speaker 1: question leading into March was what will the Fed do

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Speaker 1: as it relates to its balance sheet? Um and certainly

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Speaker 1: they said that they'll start selling off assets in May

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Speaker 1: that will end in September. What I thought was actually

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Speaker 1: most interesting was that the chairman started referring to the

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Speaker 1: the assets that the FED holds in terms of its

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Speaker 1: in relation to GDP, rather than a couple trillion dollars

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Speaker 1: in assets, which has kind of been the benchmark that

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Speaker 1: has been used in the past. He said, listen, we're

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Speaker 1: going to go from what was GDP uh in the

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Speaker 1: end of which is the high water mark for the

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Speaker 1: asset purchasing program down to about seventeen percent of p

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Speaker 1: which I actually think it's a smart way to look

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Speaker 1: at it. But I would I would say that the

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Speaker 1: FED will probably be using that much benchmark much more

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Speaker 1: going to the future mark. I think what's interesting is,

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Speaker 1: you know, we're obviously no we you know the economic

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Speaker 1: cycle is gonna come to an end eventually. We also

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Speaker 1: know we have uncertainty with the way Trump's gonna handle

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Speaker 1: the U. S. China commercial relations um. You know we're

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Speaker 1: gonna talk about Brexit obviously. I think that's a huge issue.

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Speaker 1: I'm just wondering, and maybe Maddie you can clarify this,

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Speaker 1: like when the FED takes in all this data, are

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Speaker 1: they looking at the uncertainty that's being produced by some

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Speaker 1: more biggest political institutions. Are they really looking at economic data? Yes,

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Speaker 1: that is one of the things that the FED focused

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Speaker 1: on a lot us try and trade breakday with something

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Speaker 1: they mentioned a lot Bregsit, be patient, Mark, We're gonna

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Speaker 1: get to We're gonna get to Bregsit coming up panel Stays.

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Speaker 1: You can download the sound on podcast on iTunes, at

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Speaker 1: Bloomberg dot com or by downloading the Bloomberg Business app.

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Speaker 1: You can also find us as well as my colleagues

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Speaker 1: on radio dot Com and I Heart Radio. I'm Kevin Surreally.

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Speaker 1: You are listening to Bloomberg. You're listening to sound On

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Speaker 1: with Givins Really on Bloomberg one and one oh five

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Speaker 1: point seven F M H D two Boltomore. The US

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Speaker 1: economy is in a good place, and we will continue

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Speaker 1: to use our monetary policy tools to help keep it there.

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Speaker 1: The US economy is in a good place, folks. That

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Speaker 1: was Fed Chair J Powell speaking earlier today. The Federal

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Speaker 1: Reserve chairman said that interest rates could be on hold

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Speaker 1: for quote unquote some time. Markets well mixed reactions, shrugged

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Speaker 1: it off. Um, not much, not too much of a

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Speaker 1: surprise from the Fed Chair. I'm Kevin SURREALI Bloomberg News

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Speaker 1: Chief Washington correspondent for Bloomberg Television and Bloomberg Radio. My

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Speaker 1: guests with me for the hour talking about the economy.

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Speaker 1: As the President was in Ohio today, the Fed Chair

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Speaker 1: giving remarks fresh off of a sixty minutes interview, by

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Speaker 1: the way, which is kind of odd, not odd, rare, rare.

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Speaker 1: I misspoke rare for a FED chair, Not odd, rare.

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Speaker 1: Mattie Doupler is senior Fellow at the National Taxpayers Union

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Speaker 1: and former Coalitions director for the House Republican Conference. Mark

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Speaker 1: Ross is founder of Territal Global, which advises businesses on globalization. Okay,

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Speaker 1: so the other big news, and we were talking about

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Speaker 1: this earlier, but in terms of how the Fed defended

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Speaker 1: the Central Bank is having to navigate trade talk, trade policy,

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Speaker 1: economic numbers, manufacturing and whatnot. But let's not forget everybody

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Speaker 1: always thinks the President Trump is the only politician in

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Speaker 1: the world. There's another major, major European story happening and

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Speaker 1: bregsit Brexit is big news today, Mark Ross, I know

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Speaker 1: you were listening to the UK Prime Minister's press conference,

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Speaker 1: Theresa mas press conference. So what was your big takeaway

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Speaker 1: and what's new this time and why should why should

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Speaker 1: folks and their cars heading home from work right now

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Speaker 1: care about what's going on with their also the second question. First,

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Speaker 1: I think it's a big issue because you're looking at

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Speaker 1: a resettling of the European Union, something that we're not

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Speaker 1: familiar with, possibly strengthening of the European Central Bank, as

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Speaker 1: well as the German and French economies. In the short term.

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Speaker 1: Teresa May proposed to crash or basically she wants to

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Speaker 1: June thirty extension. So she wants a three month extensionree

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Speaker 1: month extension, which is necessary because if she were to

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Speaker 1: go longer, you would have they would have to vote

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Speaker 1: in the European elections. But she did not want, so

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Speaker 1: we have a three month extension. She also said she's

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Speaker 1: not calling for a second referendum, and she was very

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Speaker 1: she put herself above the House of Commons where she

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Speaker 1: was challenging. She used the word politicians. MP's basically saying, listen,

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Speaker 1: I've given you a solution, a way to get out,

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Speaker 1: you haven't delivered. It's really up to the politicians, which

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Speaker 1: I thought was very interesting, very aggressive tenure tone from

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Speaker 1: the Prime minister. So we I think it's a lot

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Speaker 1: like the US China trade negotiations. We hear from Donald

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Speaker 1: Trump that we're making progress, but we keep pushing the

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Speaker 1: deadline back and we don't know what the progress looks

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Speaker 1: like or more importantly, what will be different in these

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Speaker 1: next three months that will allow a deal UH for

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Speaker 1: Bresit to move forward, or what are the options? Are

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Speaker 1: the options still the salmon the on the table, which

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Speaker 1: is either we brexit or we don't what's taken so

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Speaker 1: long they voted on Brexit, like more than two years ago.

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Speaker 1: That is correct, but this is you know, you have

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Speaker 1: to understand the English have treaties with Portugal for example.

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Speaker 1: I go back to I mean, this is like the

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Speaker 1: problem is with the Brexit vote is a vote to leave,

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Speaker 1: but nobody described what they were voting on, like what

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Speaker 1: exit actually meant. The question was do you want to

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Speaker 1: stay or do you want to go? And they said

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Speaker 1: we want to go, but there was no like path,

429
00:22:25,760 --> 00:22:31,520
Speaker 1: nobody any compyation. Sorry the clash, but there's there was

430
00:22:31,600 --> 00:22:35,760
Speaker 1: no description of what exit actually meant. And then one

431
00:22:35,800 --> 00:22:37,640
Speaker 1: option is off the table, right if we're not going

432
00:22:37,680 --> 00:22:39,720
Speaker 1: to have another rough friendom that means that was one

433
00:22:39,720 --> 00:22:42,119
Speaker 1: of the questions still on the table this week, but

434
00:22:42,160 --> 00:22:43,959
Speaker 1: that means over the next three months, then it's up

435
00:22:43,960 --> 00:22:46,080
Speaker 1: to the party leadership to come up with a leave

436
00:22:46,200 --> 00:22:48,679
Speaker 1: deal that play kids. Some of the people who have

437
00:22:48,840 --> 00:22:52,200
Speaker 1: so far resisted correct, and this is actually May's proposal. Now,

438
00:22:52,280 --> 00:22:55,800
Speaker 1: I mean there's also internal Conservative party dynamics. You have

439
00:22:55,840 --> 00:22:59,040
Speaker 1: ten or twelve people it's believed that whatever happens after

440
00:22:59,040 --> 00:23:02,160
Speaker 1: the situation when brex is all right, actually concluded, Theresa

441
00:23:02,200 --> 00:23:05,119
Speaker 1: May will move on. You have internal Tory palace. So

442
00:23:05,200 --> 00:23:07,600
Speaker 1: Donald Tusk, the head of the EU, he also spoke

443
00:23:07,880 --> 00:23:10,560
Speaker 1: today and he said that he doesn't expect there to

444
00:23:10,640 --> 00:23:13,159
Speaker 1: be a final decision at the summit this week, and

445
00:23:13,200 --> 00:23:16,399
Speaker 1: that the idea of another gathering at the end of

446
00:23:16,480 --> 00:23:20,640
Speaker 1: March is being floated. France responds and says that the

447
00:23:20,640 --> 00:23:24,439
Speaker 1: EU needs quote unquote guarantees before there would ever be

448
00:23:24,480 --> 00:23:26,560
Speaker 1: a delay. It sounds like it is a it is

449
00:23:26,600 --> 00:23:30,400
Speaker 1: a complete uh well, it sounds like they're that they're

450
00:23:30,400 --> 00:23:32,200
Speaker 1: still locked in and all of this is going on,

451
00:23:32,240 --> 00:23:35,800
Speaker 1: by the way, and President Trump is well aware of

452
00:23:35,880 --> 00:23:40,000
Speaker 1: the situation happening in the EU, especially as he's well

453
00:23:40,080 --> 00:23:42,320
Speaker 1: until today he was toying with the idea of easing

454
00:23:42,320 --> 00:23:44,479
Speaker 1: off some tariffs on China. Now he says they might

455
00:23:44,520 --> 00:23:47,359
Speaker 1: be in place as an enforcement mechanism on a US

456
00:23:47,440 --> 00:23:50,320
Speaker 1: China trade agreement. But well, I want to play for

457
00:23:50,320 --> 00:23:52,560
Speaker 1: you what the President had to say about tariffs with

458
00:23:52,640 --> 00:23:55,560
Speaker 1: the EU. Here's the President on tariffs with the EU.

459
00:23:55,800 --> 00:24:00,439
Speaker 1: I'd say the European Union has been as tough on

460
00:24:00,520 --> 00:24:04,760
Speaker 1: the United States as China, just not as much money involved.

461
00:24:05,359 --> 00:24:09,320
Speaker 1: So I mean with the threat of increasing tariffs on

462
00:24:10,000 --> 00:24:13,359
Speaker 1: the European Union looming, especially as there's all of this

463
00:24:14,000 --> 00:24:17,159
Speaker 1: disruption with breggsit happening in the EU. How is that

464
00:24:17,200 --> 00:24:19,440
Speaker 1: playing into all of this? Man, this is the President

465
00:24:19,520 --> 00:24:22,159
Speaker 1: returning to his roots where he was. You know, he

466
00:24:22,240 --> 00:24:24,720
Speaker 1: was the guy who for the first time was willing

467
00:24:24,760 --> 00:24:28,800
Speaker 1: to challenge UH the relationship between the EU and the

468
00:24:28,880 --> 00:24:32,040
Speaker 1: United States because a lot of what he saw was

469
00:24:32,720 --> 00:24:37,679
Speaker 1: um globalist and elitists UH in the Eurozone telling America

470
00:24:37,880 --> 00:24:39,439
Speaker 1: that we should do things one way when we want

471
00:24:39,480 --> 00:24:42,800
Speaker 1: to do them the other way. Now, tariffs on European products,

472
00:24:42,800 --> 00:24:46,920
Speaker 1: particularly cars, would be extremely damaging again to those constituencies

473
00:24:46,920 --> 00:24:50,159
Speaker 1: that the President needs to appeal to in so I

474
00:24:50,240 --> 00:24:53,880
Speaker 1: think that he needs to tread carefully if he believes

475
00:24:53,960 --> 00:24:55,720
Speaker 1: that being a tariff man when it comes to a

476
00:24:55,720 --> 00:24:59,240
Speaker 1: relationship with the EU. Now, remember too, Jean Claude Yunker,

477
00:24:59,480 --> 00:25:01,719
Speaker 1: the E Commissioner, was here in July and they had

478
00:25:01,720 --> 00:25:05,160
Speaker 1: a Rose Garden Preference press conference where the President said,

479
00:25:05,520 --> 00:25:08,480
Speaker 1: we are going to pursue no tariffs, no tariff bearers

480
00:25:08,480 --> 00:25:11,399
Speaker 1: in no subseases, essentially a free trade arrangement with the

481
00:25:11,400 --> 00:25:14,959
Speaker 1: EU that has yet to materialize. The relationship between the

482
00:25:14,960 --> 00:25:18,760
Speaker 1: EU leaders and President Donald Trump is fascinating. Coming up,

483
00:25:18,880 --> 00:25:23,520
Speaker 1: we talk Chatter with our all star panel. Remember, folks,

484
00:25:23,600 --> 00:25:26,400
Speaker 1: you can download the Sound On podcast on Apple iTunes,

485
00:25:26,600 --> 00:25:30,320
Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app.

486
00:25:30,359 --> 00:25:32,919
Speaker 1: You can also find us on Radio dot com and

487
00:25:32,960 --> 00:25:36,520
Speaker 1: I Heart Radio. Maddie Doubler stays, Mark Ross stays, I'm

488
00:25:36,640 --> 00:25:44,440
Speaker 1: Kevin CURRELLI you are listening to Bloomberg. This is Sound

489
00:25:44,480 --> 00:25:48,840
Speaker 1: On with Kevin Serial on Bloomberg one and one oh

490
00:25:48,880 --> 00:25:52,320
Speaker 1: five point seven f M h D two Baltimore. Let

491
00:25:52,320 --> 00:25:55,159
Speaker 1: it come out, Let people see it. That's up to

492
00:25:55,240 --> 00:25:57,800
Speaker 1: the Attorney General. We have a very good attorney generally

493
00:25:57,840 --> 00:26:01,000
Speaker 1: is a very highly respected man at will see what happened.

494
00:26:01,680 --> 00:26:03,760
Speaker 1: Let it come out. We'll see what happens. That was

495
00:26:03,800 --> 00:26:07,200
Speaker 1: President Trump earlier today speaking on the White House lawn

496
00:26:07,359 --> 00:26:10,920
Speaker 1: ahead of taking off where he had a campaign style

497
00:26:11,000 --> 00:26:14,640
Speaker 1: rally in Lima, Ohio, on the economy. He was talking

498
00:26:14,640 --> 00:26:17,560
Speaker 1: about the Mueller investigation. But I'm confused, which is why

499
00:26:17,560 --> 00:26:20,399
Speaker 1: I'm so glad I have uh two great panelists for

500
00:26:20,440 --> 00:26:23,480
Speaker 1: the hour to help navigate through this. Maddie Doppler, Senior

501
00:26:23,520 --> 00:26:27,120
Speaker 1: fellow at the National Taxpayers Union and former Coalitions director

502
00:26:27,240 --> 00:26:30,399
Speaker 1: for the House Republican Conference and Mark Cross, founder of

503
00:26:30,480 --> 00:26:33,640
Speaker 1: Terrical Global. Maddie, I mean, I thought the President said,

504
00:26:33,680 --> 00:26:36,040
Speaker 1: well maybe, or the White House was was floating maybe

505
00:26:36,080 --> 00:26:37,879
Speaker 1: that it won't be released to the public. Now the

506
00:26:37,880 --> 00:26:39,760
Speaker 1: President is saying, let it come out. I agree with

507
00:26:39,800 --> 00:26:43,080
Speaker 1: Trump on this, but which which which position? Though with

508
00:26:43,200 --> 00:26:45,000
Speaker 1: the let it come out, I think I think it's

509
00:26:45,040 --> 00:26:47,840
Speaker 1: smart for the President to take this position too, because

510
00:26:47,880 --> 00:26:50,600
Speaker 1: his whole argument has been I have nothing to hide,

511
00:26:50,600 --> 00:26:52,919
Speaker 1: I have nothing hide. Well, then let the report speak

512
00:26:53,000 --> 00:26:56,199
Speaker 1: for itself. And frankly, after what two years now of

513
00:26:56,320 --> 00:27:00,200
Speaker 1: pearl clutching from the Washington d C. Establishment, I think

514
00:27:00,200 --> 00:27:02,359
Speaker 1: it should come out just for everyone sanity. As you

515
00:27:02,400 --> 00:27:04,679
Speaker 1: said before, Kevin, you wake up in a cold sweat

516
00:27:04,800 --> 00:27:06,440
Speaker 1: because you think the Mauler repartm might come out when

517
00:27:06,440 --> 00:27:12,560
Speaker 1: you're not near the studio dramatics. But you know, but

518
00:27:12,600 --> 00:27:15,439
Speaker 1: if we were to be literal, okay, go ahead, Marcus. No,

519
00:27:15,520 --> 00:27:17,399
Speaker 1: I think my understanding he is saying that, which is

520
00:27:17,400 --> 00:27:19,800
Speaker 1: good politics. He wants to be transparent. But his team

521
00:27:19,880 --> 00:27:23,520
Speaker 1: behind the scenes, his his attorneys him well know, his

522
00:27:23,640 --> 00:27:27,360
Speaker 1: attorneys are working digitally to make sure that they don't

523
00:27:27,359 --> 00:27:30,480
Speaker 1: see it first, that they use executive privilege. Kevi, what

524
00:27:30,480 --> 00:27:34,520
Speaker 1: are you frustrated by? Right? Frustrated because if if he's

525
00:27:34,520 --> 00:27:37,000
Speaker 1: saying let it come out, then it should come out.

526
00:27:37,359 --> 00:27:39,359
Speaker 1: But if his team is saying, well, we might have

527
00:27:39,400 --> 00:27:41,600
Speaker 1: to redact this portion or we might get a summary

528
00:27:41,680 --> 00:27:45,080
Speaker 1: of it. And this is where I think is interesting everyone,

529
00:27:45,119 --> 00:27:47,840
Speaker 1: Republicans Democrats, do you like the president, you don't like

530
00:27:47,880 --> 00:27:51,679
Speaker 1: the president. We've been talking about this Mueller investigation and

531
00:27:51,760 --> 00:27:54,560
Speaker 1: Russia and collusion, all of it for so long. A

532
00:27:54,640 --> 00:27:57,359
Speaker 1: summary is not the report. And when the House of Representatives,

533
00:27:57,520 --> 00:28:00,480
Speaker 1: like they did the other week, votes four and twenty zero,

534
00:28:00,720 --> 00:28:04,479
Speaker 1: when House Republicans former Coalitions director for the Republican Conference,

535
00:28:04,480 --> 00:28:08,480
Speaker 1: Maddie Doubler, when they you know how different Republicans are

536
00:28:08,520 --> 00:28:11,000
Speaker 1: in that conference, but they for all of them to

537
00:28:11,040 --> 00:28:14,160
Speaker 1: come out and join Democrats on a vote that says

538
00:28:14,240 --> 00:28:16,679
Speaker 1: that this report ought to be made public. It should

539
00:28:16,680 --> 00:28:19,639
Speaker 1: be made public, and it shouldn't be summary. To Mark's point,

540
00:28:19,680 --> 00:28:23,440
Speaker 1: I think that that is absolutely the smart political position.

541
00:28:23,520 --> 00:28:25,800
Speaker 1: But of course the president's lawyers are not going to

542
00:28:25,880 --> 00:28:28,840
Speaker 1: issue any kind of authoritative statement. They're going to say,

543
00:28:28,960 --> 00:28:30,919
Speaker 1: we'll see it and then we will make a decision.

544
00:28:31,160 --> 00:28:33,040
Speaker 1: But I certainly the president should be saying we'll come

545
00:28:33,080 --> 00:28:35,080
Speaker 1: at this from positioner transparency. That's the right one I have.

546
00:28:35,440 --> 00:28:37,639
Speaker 1: Trump's also made the case that he would like to

547
00:28:37,640 --> 00:28:40,040
Speaker 1: talk to me, but he has not been allowed to

548
00:28:40,480 --> 00:28:43,000
Speaker 1: because of his attorneys. I mean, Trump, don't you think

549
00:28:43,040 --> 00:28:45,959
Speaker 1: that's by design? I mean, aren't we really, like, truthfully,

550
00:28:46,200 --> 00:28:50,240
Speaker 1: aren't we kind of underestimating President Trump in this regard

551
00:28:50,440 --> 00:28:52,760
Speaker 1: that he's able to take one position and the lawyers

552
00:28:52,800 --> 00:28:55,480
Speaker 1: are able to take another. I mean, he he knows

553
00:28:55,480 --> 00:28:57,920
Speaker 1: what he's doing. If he wanted, if the president of

554
00:28:57,960 --> 00:29:00,960
Speaker 1: the United States wanted to talk it's about Mueller. Don't

555
00:29:00,960 --> 00:29:02,760
Speaker 1: you think that if he really wanted to do it,

556
00:29:02,800 --> 00:29:05,080
Speaker 1: that he would do it. He's the president is choosing

557
00:29:05,080 --> 00:29:07,280
Speaker 1: to listen to his lawyers. Yes, And I think that's smart.

558
00:29:07,360 --> 00:29:10,200
Speaker 1: That's why you hire layers. Okay, so let's all agree here.

559
00:29:10,240 --> 00:29:12,800
Speaker 1: I mean, like, I mean, like, okay, I just I

560
00:29:13,360 --> 00:29:16,600
Speaker 1: always find it's interesting, especially in the season where we

561
00:29:16,640 --> 00:29:21,200
Speaker 1: have so many candidates running for the Democratic nominee, for example,

562
00:29:21,240 --> 00:29:24,200
Speaker 1: where everyone's trying to craft themselves as an outsider, and

563
00:29:24,240 --> 00:29:26,560
Speaker 1: you know, who's helping craft their image as an outsider

564
00:29:26,880 --> 00:29:29,480
Speaker 1: the insiders. And that's where all of this is going

565
00:29:29,520 --> 00:29:33,040
Speaker 1: to be very interesting, whether you're talking about Beta Rourke

566
00:29:33,520 --> 00:29:37,360
Speaker 1: or former Vice President Joe Biden or Senator Bernie Sanders.

567
00:29:37,400 --> 00:29:41,280
Speaker 1: So who from your prospective, Maddie, gives you the most pause,

568
00:29:41,600 --> 00:29:45,880
Speaker 1: Who would pose the biggest significant risk to President Trump's

569
00:29:45,880 --> 00:29:48,160
Speaker 1: re election efforts? Well, I think it is the same

570
00:29:48,200 --> 00:29:51,320
Speaker 1: candidate that Democrats have al said they would like to

571
00:29:51,320 --> 00:29:53,920
Speaker 1: see Ryan and the administration itself has said might be

572
00:29:54,040 --> 00:29:57,200
Speaker 1: their hardest uh contender, which is Joe Biden. And it's

573
00:29:57,240 --> 00:29:59,680
Speaker 1: for the same reasons that Trump won. Trump was able

574
00:29:59,720 --> 00:30:03,400
Speaker 1: to he'll to constituencies that Republicans have had a hard

575
00:30:03,400 --> 00:30:06,840
Speaker 1: time reaching, and Joe Biden has some of that same

576
00:30:07,600 --> 00:30:11,240
Speaker 1: ability to appeal to people who have felt left behind.

577
00:30:11,320 --> 00:30:13,840
Speaker 1: That is what the election was all about. Trump was

578
00:30:13,880 --> 00:30:16,400
Speaker 1: able to say, I hear you, I see you, I

579
00:30:16,400 --> 00:30:18,960
Speaker 1: am going to Washington to fight for you. Joe Biden

580
00:30:19,000 --> 00:30:20,960
Speaker 1: has credibility when he said some of those things because

581
00:30:20,960 --> 00:30:23,360
Speaker 1: of the persona that he has constructed for himself over

582
00:30:23,400 --> 00:30:25,400
Speaker 1: his long career, and he's got the scurrent and p

583
00:30:25,480 --> 00:30:29,640
Speaker 1: A vote. But does he have the AOC vote. Mark now,

584
00:30:29,720 --> 00:30:32,040
Speaker 1: But I think what he'll do, Uh, he is going

585
00:30:32,120 --> 00:30:35,680
Speaker 1: to announce a vice president's candidate soon. He's gonna say

586
00:30:35,680 --> 00:30:37,600
Speaker 1: we're gonna run as a team, We're gonna as a ticket. He,

587
00:30:37,840 --> 00:30:40,280
Speaker 1: like Biden, does not like to raise money. He's a

588
00:30:40,280 --> 00:30:43,800
Speaker 1: gas machine. He's somewhat lazy as a politician. And then

589
00:30:45,640 --> 00:30:47,600
Speaker 1: in the fundraising sense, he doesn't have a history of,

590
00:30:47,800 --> 00:30:49,360
Speaker 1: you know, grinding it out. It's hard to believe he's

591
00:30:49,360 --> 00:30:52,640
Speaker 1: gonna go to every county, all ninety nine counties in Iowa. Um,

592
00:30:52,840 --> 00:30:54,480
Speaker 1: I think he wants to clear the field, right, So

593
00:30:54,520 --> 00:30:56,520
Speaker 1: if he builds like a team, he goes back to

594
00:30:56,600 --> 00:30:59,480
Speaker 1: his roots. He gives a kind of aspirational speech like

595
00:30:59,480 --> 00:31:02,400
Speaker 1: he did the funeral. Can you say one thing too

596
00:31:02,400 --> 00:31:05,760
Speaker 1: about the AOC vote. This has been always the argument,

597
00:31:05,800 --> 00:31:08,360
Speaker 1: particularly from the lap of from Republicans to about getting

598
00:31:08,400 --> 00:31:10,280
Speaker 1: young people out and motivated. And we see it a

599
00:31:10,280 --> 00:31:12,640
Speaker 1: lot right now when we're the campaigns are all still

600
00:31:12,720 --> 00:31:14,280
Speaker 1: young and there's a ton of people in the race.

601
00:31:14,600 --> 00:31:17,000
Speaker 1: That still doesn't guarantee the millennials for the first time

602
00:31:17,000 --> 00:31:19,320
Speaker 1: we're going to turn out to vote. That is the

603
00:31:19,360 --> 00:31:21,760
Speaker 1: problem here, is that a campaign that is focused on

604
00:31:21,800 --> 00:31:24,040
Speaker 1: the youth vote, is focused on a demographic that typically

605
00:31:24,120 --> 00:31:26,800
Speaker 1: does not show up. I think it's interesting too, is

606
00:31:26,840 --> 00:31:30,720
Speaker 1: that RBG Ruth Bader Ginsburg, who's in her eighties, is

607
00:31:30,760 --> 00:31:34,640
Speaker 1: the most popular center left Democrat in the country. So

608
00:31:34,920 --> 00:31:37,800
Speaker 1: clearly there are people that resonate with that demographic. I

609
00:31:37,840 --> 00:31:41,000
Speaker 1: don't see why Joe Biden or Bernie Sanders can't you know,

610
00:31:41,040 --> 00:31:43,960
Speaker 1: connect to these young people. Okay, okay, okay, But two things.

611
00:31:44,160 --> 00:31:47,000
Speaker 1: This is assuming that one, the AOC vote has to

612
00:31:47,040 --> 00:31:50,400
Speaker 1: be millennial, which I think Senator Bernie Sanders would argue

613
00:31:50,480 --> 00:31:52,880
Speaker 1: that he was AOC before. I can't believe I just

614
00:31:52,920 --> 00:31:55,600
Speaker 1: said that, but but that that he would, and that

615
00:31:55,720 --> 00:31:58,959
Speaker 1: and that the that the the Democratic Socialist is not

616
00:31:59,080 --> 00:32:02,360
Speaker 1: just a millennial fad. But then the second notion is

617
00:32:02,400 --> 00:32:05,240
Speaker 1: that I hear what you're saying about the millennial vote,

618
00:32:05,240 --> 00:32:07,080
Speaker 1: but I mean, but I remember back in the early

619
00:32:07,120 --> 00:32:10,040
Speaker 1: days of the sixteen cycle, when everyone thought that the

620
00:32:10,040 --> 00:32:12,720
Speaker 1: Republican Party had to This was the thinking, right, was

621
00:32:12,760 --> 00:32:15,840
Speaker 1: the Republican Party had to become more diverse, that it

622
00:32:15,920 --> 00:32:18,040
Speaker 1: had to go after hispanic votes, that it had to

623
00:32:18,080 --> 00:32:21,520
Speaker 1: go after more you know, had to become more diverse.

624
00:32:21,560 --> 00:32:23,000
Speaker 1: It had to be more diverse on our host of

625
00:32:23,040 --> 00:32:26,080
Speaker 1: different issues. And then Donald Trump said, yeah, no, we're

626
00:32:26,120 --> 00:32:28,600
Speaker 1: gonna go after. We're gonna flip that scrap. We're gonna

627
00:32:28,680 --> 00:32:30,800
Speaker 1: rip up the Jeb Bush playbook and we're gonna do

628
00:32:30,920 --> 00:32:32,960
Speaker 1: what I want to do. And that's what Donald Trump did.

629
00:32:33,160 --> 00:32:36,320
Speaker 1: So with this thinking, you know, it almost feels like

630
00:32:36,360 --> 00:32:38,960
Speaker 1: the general thinking now is well, they have to win back.

631
00:32:39,560 --> 00:32:41,200
Speaker 1: They have to win back Pennsylvania, but they have to

632
00:32:41,200 --> 00:32:44,440
Speaker 1: win back you know, the white working class vote. And

633
00:32:44,480 --> 00:32:48,440
Speaker 1: really it's the tension on from the Democratic socialists. They're saying, no,

634
00:32:48,800 --> 00:32:50,840
Speaker 1: we have to we have to turn out the base,

635
00:32:50,920 --> 00:32:55,720
Speaker 1: and the base that's the strategy that has failed them, right,

636
00:32:55,760 --> 00:32:59,040
Speaker 1: I mean the strategy that we can appeal to kind

637
00:32:59,080 --> 00:33:01,120
Speaker 1: of like I hate to say this is a little

638
00:33:01,160 --> 00:33:05,520
Speaker 1: bit overstanding bombasket, but like this like intersectionality politics, like

639
00:33:05,560 --> 00:33:07,280
Speaker 1: that's all you need to do is like really to

640
00:33:07,400 --> 00:33:10,280
Speaker 1: reach inslore parts of different communities. That is not a

641
00:33:10,320 --> 00:33:12,960
Speaker 1: winning strategy. I think Democrats have tried and tested and

642
00:33:13,000 --> 00:33:15,920
Speaker 1: fail at that experiment, particularly in Okay. I gotta say

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Speaker 1: this is a penn state. As a Penn State grad

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Speaker 1: uh Betta of Rourke was that my alma mater the

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Speaker 1: other day? Penn State and he put I think it

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Speaker 1: was Twitter or Instagram. He said, nothing like some Penn

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Speaker 1: State dairy to start off the morning and happy valley

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Speaker 1: and he was eating creamery ice cream. Anyone who goes

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00:33:33,560 --> 00:33:36,120
Speaker 1: to Penn State, you called Penn State ice cream from

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Speaker 1: the creamer. It's the creamery. It's not dairy, it's creamery.

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Speaker 1: I was like, what are you sorry? I mean from Wisconsin,

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Speaker 1: we don't talk about eating dairy. You were talking like

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Speaker 1: that's just you go to State to get ice cream.

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Speaker 1: You go to the Penn State creamery. For what it's worth, Mark,

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Speaker 1: how do we know? What did you put on a

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Speaker 1: chees steak? And reporting on that, well, I went to

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Speaker 1: Wahua with with candidate Donald Trump, and for the record,

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Speaker 1: I was devastated as a pool member of the of

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00:34:00,280 --> 00:34:02,320
Speaker 1: the Trump pool that I was unable to buy it

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Speaker 1: like coffee, and then he went to get a cheese steak. Uh,

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Speaker 1: and I couldn't even get a cheese steak. Oh, the sad, sad.

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Speaker 1: It's tough to be Kevin, it's tough to become all right,

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Speaker 1: we've got less than a minute. Um, what do I

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Speaker 1: want to say Vice President or Mulla report, yes or no?

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Speaker 1: Does it come out in this week? Mark No? No?

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Speaker 1: All right, well I'm gonna say I don't know, you

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00:34:24,920 --> 00:34:29,160
Speaker 1: can go. I want to thank Maddie Doubler, senior Fellow

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00:34:29,160 --> 00:34:33,360
Speaker 1: at the National Taxpayers Union and former Coalitions director for

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Speaker 1: the House Republican Conference, and of course also to Mark Ross,

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Speaker 1: founder of Terrical Global, which special specializes in thought leader

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00:34:40,520 --> 00:34:45,400
Speaker 1: communications for business executives working at the intersection of globalization, disruption,

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00:34:45,719 --> 00:34:49,160
Speaker 1: and politics. Both are friends of the show. I'm Kevin SURREALI.

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Speaker 1: You can find us on iTunes, on I Heart, on

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00:34:51,640 --> 00:34:55,120
Speaker 1: the Bloomberg Business app, and on radio dot com. You're

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00:34:55,160 --> 00:34:56,320
Speaker 1: listening to Bloomberg