1 00:00:00,360 --> 00:00:04,560 Speaker 1: Now on Bloomberg without the government, what are the political 2 00:00:04,600 --> 00:00:07,600 Speaker 1: reality the president has increasingly frustrated. I want to try 3 00:00:07,600 --> 00:00:10,559 Speaker 1: to cut through the noise politically. This is devastating. Sound 4 00:00:10,600 --> 00:00:15,280 Speaker 1: On with Kevin, the insiders, the influencers, the insiders. It 5 00:00:15,480 --> 00:00:18,079 Speaker 1: is no secret that I care a lot about the consumers. 6 00:00:18,280 --> 00:00:21,320 Speaker 1: There are real questions about good tech. We still have 7 00:00:21,360 --> 00:00:23,480 Speaker 1: more leverage to me as with the tariffs. I think 8 00:00:23,480 --> 00:00:25,159 Speaker 1: we could do with a little less drama from the 9 00:00:25,160 --> 00:00:29,080 Speaker 1: white of This is sound On with Kevin's related on 10 00:00:29,240 --> 00:00:32,680 Speaker 1: Bloomberg one and one oh five point seven a m 11 00:00:32,800 --> 00:00:36,120 Speaker 1: h D two Baltimore. Happy snow day, folks, But chances 12 00:00:36,159 --> 00:00:38,680 Speaker 1: are if you're driving home today, you had to make 13 00:00:38,720 --> 00:00:41,760 Speaker 1: it into work and really doesn't appear to be too 14 00:00:41,840 --> 00:00:44,560 Speaker 1: much snow. That said, drive safely out there. I'm Kevin 15 00:00:44,640 --> 00:00:48,000 Speaker 1: s Really Bloomberg Television and Radio Chief, Washington correspondent. We've 16 00:00:48,040 --> 00:00:51,400 Speaker 1: got a great show for you today. The Democrats are 17 00:00:51,800 --> 00:00:55,560 Speaker 1: getting ready for their legal battle against President Trump's declaration 18 00:00:55,640 --> 00:00:59,080 Speaker 1: of a national emergency. Plus we're going to be breaking 19 00:00:59,080 --> 00:01:02,800 Speaker 1: down the latest of elements on the US China trade 20 00:01:02,840 --> 00:01:07,200 Speaker 1: policy as a Beijing delegation arrives here in Washington to 21 00:01:07,280 --> 00:01:11,520 Speaker 1: continue to hammer out those details, following news that the 22 00:01:11,560 --> 00:01:15,679 Speaker 1: President is personally asking President shi Jing Ping of China 23 00:01:16,000 --> 00:01:19,000 Speaker 1: to not manipulate the currency anymore. But what does all 24 00:01:19,080 --> 00:01:20,760 Speaker 1: of that mean. We're going to dive into the weeds 25 00:01:20,760 --> 00:01:24,160 Speaker 1: on that front. Plus twenty Senator Bernie Sanders drawing a 26 00:01:24,280 --> 00:01:29,399 Speaker 1: record five point nine million dollars on day one as 27 00:01:29,400 --> 00:01:33,880 Speaker 1: he starts restarts his presidential ambitions. All Star panel today, 28 00:01:34,160 --> 00:01:37,560 Speaker 1: Scott Mulhauser, founder of Aperture Strategies. He, of course, is 29 00:01:37,600 --> 00:01:42,280 Speaker 1: the former chief of staff of the US Embassy in Beijing, 30 00:01:42,400 --> 00:01:45,080 Speaker 1: as well as the senior Vice president and chief of 31 00:01:45,120 --> 00:01:48,480 Speaker 1: staff of the Export Import Thank Fred Hawkbert good friend 32 00:01:48,480 --> 00:01:51,680 Speaker 1: of the program. And Terry Sullivan, founding partner at Firehouse 33 00:01:51,720 --> 00:01:56,160 Speaker 1: Strategies Public Relations, and the former Senator Marco Rubio presidential 34 00:01:56,280 --> 00:01:59,320 Speaker 1: campaign manager. We're gonna get their take on all of 35 00:01:59,320 --> 00:02:02,360 Speaker 1: this the twenty twenty landscape. But first let's get a 36 00:02:02,440 --> 00:02:06,240 Speaker 1: check on those headlines from Nancy Lions Nancy, Thanks, Kevin. 37 00:02:06,440 --> 00:02:10,200 Speaker 1: President Trump is reacting to a CNN report that Special 38 00:02:10,240 --> 00:02:13,120 Speaker 1: Counsel Robert Mueller's report is being finalized and could be 39 00:02:13,160 --> 00:02:16,880 Speaker 1: ready by next week. President Trump was asked if he 40 00:02:16,919 --> 00:02:19,600 Speaker 1: thinks the report should be released while he's in Vietnam 41 00:02:19,760 --> 00:02:22,840 Speaker 1: meeting with North Korean leader Kim John On. I guess 42 00:02:23,240 --> 00:02:25,360 Speaker 1: from what I understand, that will be totally up to 43 00:02:25,440 --> 00:02:28,600 Speaker 1: the Attorney General. Trump says the new Attorney General, William Barr, 44 00:02:28,639 --> 00:02:31,320 Speaker 1: is a tremendous person who really respects the country and 45 00:02:31,360 --> 00:02:35,040 Speaker 1: the Justice Department. Bar will reportedly submit a summary of 46 00:02:35,080 --> 00:02:39,600 Speaker 1: Mueller's findings shortly after he receives them. How Democrats do 47 00:02:39,639 --> 00:02:42,040 Speaker 1: plan to file a resolution as soon as Friday aimed 48 00:02:42,040 --> 00:02:44,720 Speaker 1: at preventing President Trump from shifting funds to pay for 49 00:02:44,800 --> 00:02:48,160 Speaker 1: his wall, which was the purpose of his emergency declaration 50 00:02:48,200 --> 00:02:50,959 Speaker 1: at the Mexican border, that could be setting up a 51 00:02:51,040 --> 00:02:54,320 Speaker 1: vote by the full House by mid March. Democrats say 52 00:02:54,320 --> 00:02:57,120 Speaker 1: the president should not be spending billions of dollars beyond 53 00:02:57,160 --> 00:03:00,680 Speaker 1: what Congress has authorized. The resolution has ninety two co 54 00:03:00,800 --> 00:03:03,560 Speaker 1: sponsors in the House, where it is likely to pass. 55 00:03:03,600 --> 00:03:06,480 Speaker 1: It may also get enough Republican support to pass the Senate, 56 00:03:06,919 --> 00:03:10,679 Speaker 1: but the President has vowed to veto the resolution well. 57 00:03:10,680 --> 00:03:12,880 Speaker 1: He said he's not planning to run for president, but 58 00:03:12,919 --> 00:03:16,040 Speaker 1: as Bloomberg's Nathan Hagar reports, Maryland Governor Larry Hogan is 59 00:03:16,080 --> 00:03:19,239 Speaker 1: not exactly closing the door. Hogan says President Trump looks 60 00:03:19,320 --> 00:03:23,400 Speaker 1: pretty weak heading into the general election. The Maryland governor 61 00:03:23,440 --> 00:03:26,240 Speaker 1: tells CBS News, with overall approval ratings for the president 62 00:03:26,320 --> 00:03:29,040 Speaker 1: in the high thirties to low forties, the Republican Party 63 00:03:29,080 --> 00:03:31,480 Speaker 1: needs to think about what a presidential defeat would mean 64 00:03:31,520 --> 00:03:34,480 Speaker 1: for officeholders in other parts of the country. Hogan says 65 00:03:34,520 --> 00:03:37,120 Speaker 1: the chances are slim that a Republican would defeat Trump 66 00:03:37,160 --> 00:03:39,560 Speaker 1: in a primary, but he also thinks he beat the 67 00:03:39,560 --> 00:03:41,920 Speaker 1: odds when he became the first Republican governor to be 68 00:03:41,960 --> 00:03:45,520 Speaker 1: re elected in Maryland since the nineteen fifties. Nathan Hagar 69 00:03:45,560 --> 00:03:48,839 Speaker 1: Bloomberg and one oh five point seven f m HD two. 70 00:03:49,040 --> 00:03:52,280 Speaker 1: Virginia Governor Ralph Northam continues to work on restoring his 71 00:03:52,400 --> 00:03:57,120 Speaker 1: reputation following the recent blackface controversy. He is planning to 72 00:03:57,120 --> 00:04:00,240 Speaker 1: attend an event at Virginia Union University to r o 73 00:04:00,400 --> 00:04:04,320 Speaker 1: VUU as a historically black university, but a student leader 74 00:04:04,360 --> 00:04:07,320 Speaker 1: at the school is asking the governor to stay away 75 00:04:07,360 --> 00:04:10,360 Speaker 1: because tomorrow the school is slated to honor the Richmond 76 00:04:10,360 --> 00:04:13,040 Speaker 1: thirty four. Those are students who were arrested in the 77 00:04:13,120 --> 00:04:15,680 Speaker 1: nineteen sixties for holding a sit in at the whites 78 00:04:15,760 --> 00:04:18,920 Speaker 1: only counter at a local department store. No word on 79 00:04:18,960 --> 00:04:22,920 Speaker 1: whether the governor has changed his plans. The time now 80 00:04:23,000 --> 00:04:26,240 Speaker 1: for the Beltway Business report Here is Bloomberg's Larry Kovsky 81 00:04:26,520 --> 00:04:29,599 Speaker 1: Nancy stocks finished with modest games. Minutes from last month's 82 00:04:29,640 --> 00:04:32,520 Speaker 1: FED policy meeting failed to move the market. That Jones 83 00:04:32,560 --> 00:04:35,760 Speaker 1: industrial average climb sixty three. The S and P five 84 00:04:35,839 --> 00:04:39,080 Speaker 1: hundred added four then as doc composite rose two points. 85 00:04:39,440 --> 00:04:42,880 Speaker 1: Federal Reserve officials were uncertain at their meeting last month 86 00:04:42,920 --> 00:04:45,600 Speaker 1: about whether they would raise interest rates again this year. 87 00:04:45,960 --> 00:04:49,039 Speaker 1: Minutes from the meeting elaborated on the Fed's message in 88 00:04:49,120 --> 00:04:52,720 Speaker 1: which it said it would be patient. Samsung has unveiled 89 00:04:52,720 --> 00:04:55,159 Speaker 1: it's latest smartphone line up and includes a phone with 90 00:04:55,240 --> 00:04:57,440 Speaker 1: a foldable screen that will take a whole lot of 91 00:04:57,480 --> 00:05:01,039 Speaker 1: folding money to buy. The Samsung Alexei fold will cost 92 00:05:01,080 --> 00:05:03,919 Speaker 1: nearly two thousand dollars when it hits the market in April. 93 00:05:04,480 --> 00:05:07,880 Speaker 1: Microsoft says it's uncovered cyber attacks by hackers link to 94 00:05:07,960 --> 00:05:12,120 Speaker 1: Russia targeting European think tanks. It says the organizations were 95 00:05:12,160 --> 00:05:15,479 Speaker 1: hit with hacks originating from a group called Stratium, which 96 00:05:15,520 --> 00:05:20,080 Speaker 1: Microsoft says is associated with the Kremlin. The Bloomberg Washington 97 00:05:20,160 --> 00:05:22,440 Speaker 1: d C. Area stock Index game the eight tenths of 98 00:05:22,520 --> 00:05:25,360 Speaker 1: one percent Europe to date. On business from the Beltway 99 00:05:25,400 --> 00:05:29,320 Speaker 1: to Baltimore. I'm Larry Kowsky. This is Bloomberg and one 100 00:05:29,320 --> 00:05:32,320 Speaker 1: oh five point seven f m h D two. Thanks Larry. 101 00:05:32,640 --> 00:05:35,360 Speaker 1: Global loose twenty four hours a day on air and 102 00:05:35,440 --> 00:05:38,960 Speaker 1: at TikTok on Twitter, powered by more than journalists and 103 00:05:39,000 --> 00:05:42,680 Speaker 1: analyst and more than twenty countries. I'm Nancy Lions. Now 104 00:05:42,720 --> 00:05:45,719 Speaker 1: back to you, Kevin. Thank you, Nancy. Welcome back, folks. 105 00:05:45,720 --> 00:05:50,880 Speaker 1: This late breaking CNN report that Bob Mueller's investigation could 106 00:05:51,120 --> 00:05:54,440 Speaker 1: end as early as next week. What a week that 107 00:05:54,560 --> 00:05:58,480 Speaker 1: would be. If this CNN report is accurate. It's reporting 108 00:05:58,480 --> 00:06:01,920 Speaker 1: the quote. Attorney General Bill bar is preparing to announce 109 00:06:01,920 --> 00:06:04,760 Speaker 1: as early as next week the completion of Special Counsel 110 00:06:05,160 --> 00:06:09,880 Speaker 1: Robert Mueller's Russia investigations, with plans for Bar to submit 111 00:06:09,960 --> 00:06:14,760 Speaker 1: to Congress soon after a summary of Mother's confidential report. 112 00:06:14,839 --> 00:06:18,960 Speaker 1: This is according to CNN's reporting with people familiar with 113 00:06:19,040 --> 00:06:22,520 Speaker 1: the plans. Remember, folks, President Trump is set to be 114 00:06:22,800 --> 00:06:28,880 Speaker 1: in Hannoi, Vietnam next week, negotiating a d nuclearization treaty 115 00:06:28,960 --> 00:06:33,640 Speaker 1: with North Korea dictator Kim Joe Noon, as the World turns, 116 00:06:33,760 --> 00:06:35,919 Speaker 1: My panel with me for the hour to weigh in 117 00:06:36,000 --> 00:06:39,960 Speaker 1: on this late breaking CNN breaking news story. Scott Mulhauser, 118 00:06:40,040 --> 00:06:43,440 Speaker 1: founder of Aperture Strategies and a senior Democratic strategist. Another 119 00:06:43,560 --> 00:06:48,440 Speaker 1: senior Republican strategist, Terry Sullivan, he's founding partner at Firehouse 120 00:06:48,520 --> 00:06:56,039 Speaker 1: Strategies Public Relations, and former Senator Marco Rubio presidential campaign manager. Okay, Scott, 121 00:06:56,600 --> 00:06:59,120 Speaker 1: I'm going to Vietnam next week, and it looks like 122 00:06:59,160 --> 00:07:06,160 Speaker 1: there might be a bombshell breaking back here. You know, Yes, 123 00:07:06,320 --> 00:07:10,320 Speaker 1: I don't like to joke about nuke talks, but go ahead, Scott. No, 124 00:07:10,480 --> 00:07:13,360 Speaker 1: it's it could be quite a week. If you are UM, 125 00:07:13,600 --> 00:07:17,000 Speaker 1: if you're President Trump, you're gonna have to potentially live 126 00:07:17,040 --> 00:07:19,320 Speaker 1: a bifurcated life where you're attempting to both cut a 127 00:07:19,360 --> 00:07:23,520 Speaker 1: deal with Um a very throws of some tense conversation 128 00:07:23,560 --> 00:07:25,480 Speaker 1: with the North Korean's while also keeping an eye on 129 00:07:26,080 --> 00:07:30,120 Speaker 1: intense scrutiny back home. But see, Terry, this is almost 130 00:07:30,200 --> 00:07:32,760 Speaker 1: in a way the genius of it is because he 131 00:07:32,800 --> 00:07:37,360 Speaker 1: can present himself as having a serious type of conversation 132 00:07:37,880 --> 00:07:42,880 Speaker 1: with on the global stage while his attorney general is 133 00:07:44,080 --> 00:07:47,520 Speaker 1: submitting a summary report, not the full investigation. They planted 134 00:07:47,560 --> 00:07:50,080 Speaker 1: that seed awhile ago that they don't want to have 135 00:07:50,520 --> 00:07:55,160 Speaker 1: the full investigation made public in a way it could 136 00:07:55,200 --> 00:07:59,040 Speaker 1: work out in his favor, you being an operative spin Yeah, look, 137 00:07:58,800 --> 00:08:01,880 Speaker 1: I think that you both make valid points, except for 138 00:08:02,280 --> 00:08:03,680 Speaker 1: neither one of them have anything to do with Trump, 139 00:08:03,680 --> 00:08:06,200 Speaker 1: which is he thrives on chaos, and the solution for 140 00:08:06,280 --> 00:08:09,200 Speaker 1: him to chaos is more chaos. The only thing more 141 00:08:09,280 --> 00:08:12,120 Speaker 1: chaotic than you know, a debate with I mean a 142 00:08:13,160 --> 00:08:16,920 Speaker 1: you know, talks with Kim Jong un is really similar report, 143 00:08:16,960 --> 00:08:18,720 Speaker 1: And so those little feed off each other, and this 144 00:08:18,840 --> 00:08:22,720 Speaker 1: plays into his one strength, which is cutting through the chaos. 145 00:08:23,360 --> 00:08:25,360 Speaker 1: So I think it's it's a real advantage for him 146 00:08:25,840 --> 00:08:29,960 Speaker 1: because it just it mixes everything up. Except if he 147 00:08:30,040 --> 00:08:33,160 Speaker 1: can't land the deal with North Koreans, then he's flailing 148 00:08:33,160 --> 00:08:37,840 Speaker 1: abroad and he's flailing back home. Yeah, but look, you know, 149 00:08:40,000 --> 00:08:42,079 Speaker 1: of Americans are going to say he did an amazing 150 00:08:42,160 --> 00:08:44,880 Speaker 1: job and deserves the Nobel Peace Prize for landing the deal, 151 00:08:44,920 --> 00:08:48,360 Speaker 1: and are going to say he's, you know, an awful 152 00:08:48,400 --> 00:08:50,760 Speaker 1: trader and never landed the deal, and he's lying, and 153 00:08:50,800 --> 00:08:53,560 Speaker 1: that's just how it works now, you know. Terry Sullivan, 154 00:08:53,880 --> 00:08:58,400 Speaker 1: Senior Republican strategist, Scott Mohiser, senior Democratic strategist, My guests 155 00:08:58,440 --> 00:09:00,280 Speaker 1: with me for the hour. We're talking about out this 156 00:09:00,760 --> 00:09:04,760 Speaker 1: late breaking CNN report that or that Attorney General Bill 157 00:09:04,800 --> 00:09:09,280 Speaker 1: bar is planning or at least preparing to release a 158 00:09:09,360 --> 00:09:13,840 Speaker 1: summary of the Mueller investigation to Congress as early as 159 00:09:13,960 --> 00:09:18,400 Speaker 1: next week. They're citing three unidentified sources. President Trump said 160 00:09:18,440 --> 00:09:23,280 Speaker 1: to be in Vietnam with North Korea leader Kim Jong un. Uh. Scott, 161 00:09:23,360 --> 00:09:28,440 Speaker 1: You've got deep experience in the international world, particularly on 162 00:09:28,559 --> 00:09:32,320 Speaker 1: the North Korea front. You mentioned what you you mentioned 163 00:09:32,320 --> 00:09:35,400 Speaker 1: how President Trump is going to be negotiating with Kim 164 00:09:35,440 --> 00:09:37,960 Speaker 1: Jong n What does he need? What does America need 165 00:09:38,400 --> 00:09:42,000 Speaker 1: from a policy standpoint to happen when Air Force One 166 00:09:42,160 --> 00:09:45,120 Speaker 1: returns from Hannoian. Look, the President is betting big that 167 00:09:45,200 --> 00:09:48,760 Speaker 1: he can get the North Korean city nuclearized, and the 168 00:09:48,840 --> 00:09:52,360 Speaker 1: challenges that they don't want to and that they are 169 00:09:52,880 --> 00:09:56,360 Speaker 1: they understand that having those nuclear weapons is the level 170 00:09:56,559 --> 00:09:59,160 Speaker 1: that is keeping both all eyes on them and giving 171 00:09:59,160 --> 00:10:01,680 Speaker 1: them some power in these global negotiations. Right. But I 172 00:10:01,679 --> 00:10:06,400 Speaker 1: mean if virtually every global superpower doesn't want Kim jongon, 173 00:10:06,480 --> 00:10:10,760 Speaker 1: a thirtysothing dictator to have nukes, I mean, how does 174 00:10:10,800 --> 00:10:12,680 Speaker 1: it help him to hold onto the to hold onto 175 00:10:12,720 --> 00:10:14,960 Speaker 1: the nukes because it's his leverage. And so what he'll 176 00:10:15,000 --> 00:10:18,120 Speaker 1: do is he'll look for He'll look for because as 177 00:10:18,120 --> 00:10:20,240 Speaker 1: long as he's got them, they want something from him. 178 00:10:20,520 --> 00:10:22,440 Speaker 1: But well, I mean, look at more market offie. I mean, 179 00:10:22,440 --> 00:10:24,640 Speaker 1: why don't we go ask him giving up your nukes? 180 00:10:25,440 --> 00:10:28,080 Speaker 1: You know, look at look at Saddam Hussein, you know, 181 00:10:28,160 --> 00:10:30,440 Speaker 1: giving up your I mean it hasn't really fared well 182 00:10:30,600 --> 00:10:36,719 Speaker 1: for these these dictators, these crazy rogue dictators, to give up. Yeah, 183 00:10:36,760 --> 00:10:38,319 Speaker 1: but I mean, like you know, this is this is 184 00:10:38,360 --> 00:10:40,640 Speaker 1: the one thing that keeps in their mind, keeps from 185 00:10:40,679 --> 00:10:43,600 Speaker 1: being invaded and overthrown. So just real quickly. So I 186 00:10:43,600 --> 00:10:46,520 Speaker 1: think to that end, he'll look for changes to dial 187 00:10:46,559 --> 00:10:49,680 Speaker 1: down sanctions because particularly the most recent several rounds of 188 00:10:49,720 --> 00:10:51,640 Speaker 1: sanctions have hit them and hit them hard. And I 189 00:10:51,679 --> 00:10:54,320 Speaker 1: think he'll look for changes in the security trees. With 190 00:10:54,400 --> 00:10:56,959 Speaker 1: the with the South Koreans, We're gonna have special coverage 191 00:10:57,040 --> 00:11:00,160 Speaker 1: of that Vietnam summit with Kim jongr next week. I'll 192 00:11:00,200 --> 00:11:04,400 Speaker 1: be reporting from Hannoi. People broadcast from Hanoi. Good Morning Vietnam. 193 00:11:04,880 --> 00:11:07,920 Speaker 1: I'm gonna say that. Sorry, I can't help myself. Sometimes 194 00:11:08,240 --> 00:11:10,000 Speaker 1: I did get a laugh from the panel though, so 195 00:11:10,040 --> 00:11:12,840 Speaker 1: maybe if you're listening you you also laughed along. But 196 00:11:12,880 --> 00:11:17,320 Speaker 1: no laughing matter is these D nuclearization talks? I think 197 00:11:17,360 --> 00:11:21,880 Speaker 1: a question though, in terms of the domestic issues at home. 198 00:11:22,040 --> 00:11:25,040 Speaker 1: This is a president who heads into D nuclearization talks 199 00:11:25,559 --> 00:11:29,320 Speaker 1: with Democrats preparing to sue him over the wall, the 200 00:11:29,440 --> 00:11:33,120 Speaker 1: likelihood of of a battle with this Muller investigation no 201 00:11:33,160 --> 00:11:36,200 Speaker 1: matter which side of it you fall on, UH and 202 00:11:36,640 --> 00:11:39,000 Speaker 1: looming trade fronts we're gonna get into later on in 203 00:11:39,000 --> 00:11:43,440 Speaker 1: the program, the US China trade talks. But where Terry 204 00:11:43,520 --> 00:11:46,920 Speaker 1: is President Trump at this particular moment. I remember when 205 00:11:46,920 --> 00:11:51,199 Speaker 1: he headed into Singapore the Russia investigation was also flaring up. 206 00:11:51,480 --> 00:11:55,559 Speaker 1: Where are we now at this juncture, still a ways 207 00:11:55,559 --> 00:11:58,679 Speaker 1: away from twenty but now as he heads onto a 208 00:11:58,720 --> 00:12:01,160 Speaker 1: global stage next week. Yeah, look, I think he's in 209 00:12:01,160 --> 00:12:04,240 Speaker 1: a better position than he was then in all honesty, 210 00:12:03,840 --> 00:12:06,600 Speaker 1: Why Because he's got real foils. He's got it. There 211 00:12:06,679 --> 00:12:10,439 Speaker 1: is a he can he can use the Democrat candidates 212 00:12:10,840 --> 00:12:12,360 Speaker 1: uh in the same way that he's used the Median 213 00:12:12,480 --> 00:12:16,080 Speaker 1: and had to kind of use other foils in the past. 214 00:12:16,360 --> 00:12:19,320 Speaker 1: He's now has real opposition and he can point out 215 00:12:19,320 --> 00:12:24,200 Speaker 1: their flaws instead of defending his while he does everyal opponent. 216 00:12:24,360 --> 00:12:27,360 Speaker 1: So far he seems to be over two and every 217 00:12:27,360 --> 00:12:30,720 Speaker 1: time he goes up against Pelosi or others, they seem 218 00:12:30,800 --> 00:12:32,520 Speaker 1: to win. I mean, he backed down on the state 219 00:12:32,559 --> 00:12:35,160 Speaker 1: of the union shutdown. Just stay at the union stair down. 220 00:12:35,400 --> 00:12:37,959 Speaker 1: He backed down on the shutdown stair down, and I 221 00:12:38,040 --> 00:12:40,360 Speaker 1: think the Chinese, for example, can look at that and say, okay, 222 00:12:40,480 --> 00:12:42,480 Speaker 1: every time he's painted in the corner he was. We 223 00:12:42,559 --> 00:12:44,719 Speaker 1: may have opponents, but so far he doesn't seem to 224 00:12:44,760 --> 00:12:46,360 Speaker 1: be winning. All right, Coming up, we're gonna talk more 225 00:12:46,400 --> 00:12:50,480 Speaker 1: about the U S. China trade talk. Scott Mohouser, Democratic strategist, 226 00:12:50,520 --> 00:12:53,440 Speaker 1: Terry Sullivan, Republican strategists. You know what I remember about 227 00:12:53,440 --> 00:12:56,840 Speaker 1: that Singapore summit and what I'm like, very very much 228 00:12:57,080 --> 00:13:00,959 Speaker 1: eager to see if it happens again. Watching those bodyguards 229 00:13:01,120 --> 00:13:04,800 Speaker 1: from Kim Jong Un with the cars running up outside 230 00:13:04,800 --> 00:13:07,920 Speaker 1: of like this famous hotel in Singapore. He was going 231 00:13:07,960 --> 00:13:10,400 Speaker 1: to a nightclub. I kid you not there. I am 232 00:13:10,440 --> 00:13:12,800 Speaker 1: and like the gaggle of reporters and I see Kim 233 00:13:12,880 --> 00:13:17,960 Speaker 1: Jong UN's bodyguards sprinting towards this like high rise in 234 00:13:17,960 --> 00:13:21,440 Speaker 1: in Singapore, and I'm like, oh my gosh, I will 235 00:13:21,679 --> 00:13:24,640 Speaker 1: everyone talks about, you know, like his hair. I will 236 00:13:24,760 --> 00:13:28,000 Speaker 1: never forget seeing Kim Jong un in the flesh. Uh. 237 00:13:28,040 --> 00:13:30,880 Speaker 1: And it's gonna be interesting to see the political fallout 238 00:13:31,240 --> 00:13:34,200 Speaker 1: next week in Hanoi. Remember, folks, you can download the 239 00:13:34,240 --> 00:13:37,720 Speaker 1: Sound On podcast on Apple iTunes, at Bloomberg dot com, 240 00:13:37,840 --> 00:13:41,160 Speaker 1: or by downloading the Bloomberg Business app. Get that app. 241 00:13:41,200 --> 00:13:44,960 Speaker 1: It has everything all things markets, news and whatnot. You 242 00:13:44,960 --> 00:13:47,440 Speaker 1: can also find us on radio dot com and the 243 00:13:47,559 --> 00:13:51,800 Speaker 1: I Heart Radio. I'm Kevin SURRELLI you're listening to Bloomberg. 244 00:13:53,679 --> 00:13:57,920 Speaker 1: You're listening to Sound On with Kevin Surreally on Bloomberg 245 00:13:59,080 --> 00:14:04,440 Speaker 1: and one M H D two Baltimore. Welcome back, folks. 246 00:14:04,520 --> 00:14:06,800 Speaker 1: Happy snow day. But chances are if you're driving you 247 00:14:06,840 --> 00:14:10,000 Speaker 1: didn't have one neither, did I Uh. Really kind of 248 00:14:10,040 --> 00:14:13,920 Speaker 1: a slow news day with some late breaking developments, especially 249 00:14:13,960 --> 00:14:17,880 Speaker 1: on this CNN report that Attorney General Bill Barr is 250 00:14:18,280 --> 00:14:21,800 Speaker 1: maybe preparing next week to submit a summary of Bob 251 00:14:21,880 --> 00:14:26,520 Speaker 1: Mueller's investigation to Congress. Could be interesting considering President Trump 252 00:14:26,520 --> 00:14:30,920 Speaker 1: will be in Vietnam negotiating with North Korea dictator Kim 253 00:14:31,000 --> 00:14:35,400 Speaker 1: Joe noon. Meanwhile, on the economic policy front, the Fed 254 00:14:35,480 --> 00:14:39,520 Speaker 1: minutes showed that officials are unsure of the need for 255 00:14:39,680 --> 00:14:44,040 Speaker 1: rate hikes in two thousand and nineteen. They are widely 256 00:14:44,280 --> 00:14:47,840 Speaker 1: favoring the ending the runoff of the central banks balance 257 00:14:47,880 --> 00:14:50,800 Speaker 1: sheets this year, but they did, according to the minutes, 258 00:14:50,880 --> 00:14:54,440 Speaker 1: express some uncertainty over whether or not they would raise 259 00:14:54,520 --> 00:14:59,200 Speaker 1: interest rates again. In so you've got the central bank 260 00:14:59,240 --> 00:15:03,520 Speaker 1: happening in one eco area, and then, of course the 261 00:15:03,600 --> 00:15:10,000 Speaker 1: other economic market moving UH development this week is what's 262 00:15:10,040 --> 00:15:14,560 Speaker 1: going on between the US and China, particularly following reports 263 00:15:14,600 --> 00:15:19,000 Speaker 1: that the US is trying to pressure China UH to 264 00:15:19,520 --> 00:15:23,960 Speaker 1: back off of manipulating their currency. All of this comes 265 00:15:24,000 --> 00:15:28,480 Speaker 1: as Chinese officials are here negotiating with the traders. I 266 00:15:28,520 --> 00:15:31,440 Speaker 1: love this nickname that President Trump gave these people, the traders. 267 00:15:31,640 --> 00:15:35,400 Speaker 1: He's calling them Treasury Secretary Stephen Manution as well as 268 00:15:35,520 --> 00:15:39,800 Speaker 1: US Trade Representative Bob Leheizer. They're negotiating with Chinese Vice 269 00:15:39,800 --> 00:15:43,640 Speaker 1: premier the way this week. Uh, and everybody wants to 270 00:15:43,640 --> 00:15:46,560 Speaker 1: know when President Trump and President shi Jing paying of 271 00:15:46,640 --> 00:15:51,000 Speaker 1: China are going to negotiate. Likely gonna be in the spring, 272 00:15:51,200 --> 00:15:54,800 Speaker 1: simply because of all of the geo political fronts. We 273 00:15:54,920 --> 00:15:58,440 Speaker 1: got word earlier today in this morning that President Trump 274 00:15:58,680 --> 00:16:02,840 Speaker 1: is going to be meaning in Japan with some Japanese officials, 275 00:16:02,840 --> 00:16:06,800 Speaker 1: So that will be in the spring. So it's looking 276 00:16:07,000 --> 00:16:09,840 Speaker 1: like spring. Maybe there's been floating that it could happen 277 00:16:09,880 --> 00:16:11,560 Speaker 1: down mar Lago, but we'll have to wait and see. 278 00:16:11,880 --> 00:16:17,160 Speaker 1: Scott Mohouser, Democratic strategist, also very much familiar with China 279 00:16:17,520 --> 00:16:21,920 Speaker 1: US trade relations, and like every good restaurant in Washington, 280 00:16:22,240 --> 00:16:25,280 Speaker 1: including some Chinese restaurants, to weave those threads. What is it, 281 00:16:25,360 --> 00:16:28,160 Speaker 1: let's weave it. What is the best Chinese restaurant in Washington, 282 00:16:28,200 --> 00:16:29,840 Speaker 1: d C. So I just took a couple of reporters 283 00:16:29,880 --> 00:16:33,560 Speaker 1: to Panda Gourmet, which is I know, thanks for the invite, Scott, 284 00:16:33,600 --> 00:16:37,040 Speaker 1: appreciate it. I mean they invited me. Okay, you're welcome 285 00:16:37,080 --> 00:16:39,960 Speaker 1: next if you call, you know, but it is for 286 00:16:40,000 --> 00:16:43,480 Speaker 1: those that don't know when the Chinese brought over in 287 00:16:43,520 --> 00:16:46,320 Speaker 1: an array of workers to build their own embassy. They 288 00:16:46,400 --> 00:16:48,480 Speaker 1: kept them all at a days in too write off 289 00:16:48,880 --> 00:16:52,560 Speaker 1: New York, Bladensburg, coming in from from New York and 290 00:16:52,800 --> 00:16:56,960 Speaker 1: in the sort of main part of the motel, they 291 00:16:56,960 --> 00:17:00,920 Speaker 1: built a pretty authentic Shauni restaurant with some salad dumplings 292 00:17:00,920 --> 00:17:03,920 Speaker 1: into pretty good food. Terry Sullivan, founding partner at Firehouse 293 00:17:03,920 --> 00:17:08,040 Speaker 1: Strategies Public Relations and a Republican Strategists strategist. You've also 294 00:17:08,080 --> 00:17:10,960 Speaker 1: worked on like a hundred campaigns or something. Yeah, something 295 00:17:11,000 --> 00:17:13,760 Speaker 1: like that. I mean, like, how do you even that's 296 00:17:13,760 --> 00:17:16,360 Speaker 1: a lot of campaigns? Um, what's the best Chinese rest? 297 00:17:16,400 --> 00:17:19,359 Speaker 1: Did you like Chinese food? Yeah? I love Chinese food. Uh, 298 00:17:19,400 --> 00:17:21,800 Speaker 1: you know that's that's a tough call. I don't think 299 00:17:21,840 --> 00:17:24,359 Speaker 1: I can name like a Chinese So let's talk trade 300 00:17:24,560 --> 00:17:26,480 Speaker 1: US China trade relations. I mean, where where do we 301 00:17:26,520 --> 00:17:31,880 Speaker 1: stand right now? Terry? Look, I think that this could 302 00:17:31,960 --> 00:17:36,320 Speaker 1: be the greatest threat to the Trump presidency right now. 303 00:17:36,760 --> 00:17:41,680 Speaker 1: Really yeah, because look, because the Mueller report is going 304 00:17:41,720 --> 00:17:44,640 Speaker 1: to be a roor shark test on what people want 305 00:17:44,680 --> 00:17:47,199 Speaker 1: to see. Everybody's going to declare victory when when the 306 00:17:47,240 --> 00:17:50,399 Speaker 1: report comes out. Um, the people who think that the 307 00:17:50,400 --> 00:17:53,040 Speaker 1: president is awful, and a trader are going to say, 308 00:17:53,040 --> 00:17:56,480 Speaker 1: see this proves it, and the make America Great crowd 309 00:17:56,520 --> 00:17:59,000 Speaker 1: is gonna say, see this proves no, no conspiracy. So 310 00:17:59,119 --> 00:18:01,520 Speaker 1: I mean, just like whatever else, the one thing that 311 00:18:01,520 --> 00:18:05,760 Speaker 1: that he has has really boied his presidency is the 312 00:18:05,800 --> 00:18:08,600 Speaker 1: success of the economy. And if the economy heads south, 313 00:18:09,040 --> 00:18:11,800 Speaker 1: that's a real, real problem. From there's his trade deals 314 00:18:11,960 --> 00:18:14,560 Speaker 1: is a big gonna have a big impact on that. Yeah, 315 00:18:14,560 --> 00:18:17,680 Speaker 1: it sure is. I think, um, I think he's walking 316 00:18:17,680 --> 00:18:19,719 Speaker 1: a type of tight rope right now. And you see it. 317 00:18:20,400 --> 00:18:23,040 Speaker 1: You know, Kevin, you mentioned the two leaders of the 318 00:18:23,080 --> 00:18:26,480 Speaker 1: delegation he's sending. One wants fundamental to coupling from China 319 00:18:26,520 --> 00:18:28,439 Speaker 1: and Bob Lahiser the U S Trade rep. And the 320 00:18:28,440 --> 00:18:30,960 Speaker 1: other wants to sort of work with And so I 321 00:18:30,960 --> 00:18:33,960 Speaker 1: think the answer is he wants a deal. President Trump 322 00:18:33,960 --> 00:18:35,560 Speaker 1: wants to deal in the same way President She wants 323 00:18:35,560 --> 00:18:38,640 Speaker 1: a deal. And he's conveying that to c suites and CEOs, 324 00:18:38,680 --> 00:18:41,040 Speaker 1: he's conveying it to members of Congress, and the question is, 325 00:18:41,240 --> 00:18:45,040 Speaker 1: what's a deal that lets him walk away? And you 326 00:18:45,080 --> 00:18:47,080 Speaker 1: don't relieve the pain of some of these tariffs, and 327 00:18:47,240 --> 00:18:49,560 Speaker 1: you know, Bank something. You know. What makes their blood 328 00:18:49,600 --> 00:18:51,960 Speaker 1: boil up there on the street, though, is the threat 329 00:18:52,119 --> 00:18:56,159 Speaker 1: of increasing tariffs on Mark First, and so I've been 330 00:18:56,160 --> 00:18:58,600 Speaker 1: struck by this. At the Rose Garden on Friday during 331 00:18:58,600 --> 00:19:02,200 Speaker 1: his pressor, he pretty much told us that he's considering, 332 00:19:03,040 --> 00:19:05,879 Speaker 1: you know, he's calling it leverage about whether or not 333 00:19:05,920 --> 00:19:08,800 Speaker 1: he's going to increase tariffs on two hundred and sixty 334 00:19:08,880 --> 00:19:12,679 Speaker 1: seven billion dollars worth of additional goods coming into the 335 00:19:12,760 --> 00:19:17,240 Speaker 1: US from China. I can't find one trade shop organization 336 00:19:17,280 --> 00:19:21,439 Speaker 1: in town that that is not pressing Republicans up on 337 00:19:21,480 --> 00:19:24,480 Speaker 1: Capitol Hill to get word to President Trump that they 338 00:19:24,520 --> 00:19:28,159 Speaker 1: don't want that he President Trump loves tariffs. I mean 339 00:19:28,200 --> 00:19:31,439 Speaker 1: he said it on Friday. He said it, yeah, tariff. 340 00:19:31,640 --> 00:19:33,920 Speaker 1: I mean like it sounds like a comic book. But 341 00:19:36,160 --> 00:19:40,200 Speaker 1: I'm Christine and I am a reporter. To my producer's listening, 342 00:19:40,200 --> 00:19:44,119 Speaker 1: I'm a reporter. Um, back to policy, Terry. Do you 343 00:19:44,160 --> 00:19:47,680 Speaker 1: think the President Trump will back away from the tariff 344 00:19:47,760 --> 00:19:51,639 Speaker 1: increase on March one? You know, I thought he had 345 00:19:52,200 --> 00:19:55,040 Speaker 1: that he would stick to his guns on on just 346 00:19:55,080 --> 00:19:59,560 Speaker 1: about everything, but he showed in the Wall talks, the shutdown, 347 00:19:59,600 --> 00:20:03,040 Speaker 1: things like that, that he really is I think losing 348 00:20:03,160 --> 00:20:06,600 Speaker 1: his step from a from a confidence level. Um so, 349 00:20:06,640 --> 00:20:08,600 Speaker 1: I think I think he will. I think he's showing 350 00:20:08,640 --> 00:20:11,840 Speaker 1: that he's willing to to to cave. He did it 351 00:20:12,000 --> 00:20:16,240 Speaker 1: on with Democrats and got beat by Nancy Polosy publicly, 352 00:20:16,760 --> 00:20:20,040 Speaker 1: and I think he's willing to do it because the alternatives, 353 00:20:20,040 --> 00:20:23,960 Speaker 1: as you pointed out, are pretty dire. He wants, I agree, 354 00:20:23,960 --> 00:20:26,320 Speaker 1: he wants his economy grow, and I think he'll take 355 00:20:26,359 --> 00:20:29,320 Speaker 1: a deal that he can call in and I think 356 00:20:29,359 --> 00:20:31,520 Speaker 1: that will mean suspend. It may not be how much. 357 00:20:31,560 --> 00:20:35,200 Speaker 1: First it sounds like at least it sounds like sixty 358 00:20:35,280 --> 00:20:37,560 Speaker 1: days and thirty or sixties in play, But I think 359 00:20:37,920 --> 00:20:40,440 Speaker 1: the sense among sort of both the business community and 360 00:20:40,480 --> 00:20:42,199 Speaker 1: members and everyone who talks to him and his his 361 00:20:42,280 --> 00:20:44,959 Speaker 1: officials is he wants an offer and he's looking for 362 00:20:45,000 --> 00:20:48,360 Speaker 1: both the way to make these tariffs yield something all 363 00:20:48,359 --> 00:20:50,879 Speaker 1: the pain he's he's forced everyone to endure. Yeah. I 364 00:20:50,880 --> 00:20:52,640 Speaker 1: was talking to some of my friends with the Eurasia 365 00:20:52,680 --> 00:20:55,399 Speaker 1: Group and they're like, I mean there's literally no ceo. 366 00:20:55,480 --> 00:20:57,640 Speaker 1: You guys know this from the business consulting, the both 367 00:20:57,640 --> 00:21:00,000 Speaker 1: that you did. There's nice CEO that wants that plus 368 00:21:00,080 --> 00:21:03,439 Speaker 1: or a guy for a president who follows poles as 369 00:21:03,520 --> 00:21:05,560 Speaker 1: much as he does, he also follows what's happening in 370 00:21:05,600 --> 00:21:08,639 Speaker 1: the market. And I'm though, you know, market predictor, but 371 00:21:08,680 --> 00:21:11,480 Speaker 1: I can't imagine that should he not back off of 372 00:21:11,520 --> 00:21:14,240 Speaker 1: these tariffs, that there would be a positive market reverberation. 373 00:21:14,480 --> 00:21:16,879 Speaker 1: And conversely, the markets are dying for this to be resolved. 374 00:21:16,920 --> 00:21:19,080 Speaker 1: They're tired of the uncertainty. Not only the businesses, the 375 00:21:19,080 --> 00:21:22,840 Speaker 1: markets themselves globally are tired of just not knowing and 376 00:21:23,000 --> 00:21:26,240 Speaker 1: of the unnecessarily perund That's my favorite anecdote is like 377 00:21:26,280 --> 00:21:29,200 Speaker 1: everyone because of the time difference, everyone over in Beijing, 378 00:21:29,320 --> 00:21:31,320 Speaker 1: They're like what they wake up in the morning and 379 00:21:31,359 --> 00:21:33,159 Speaker 1: they check their emails and they're like, what happened in 380 00:21:33,160 --> 00:21:36,280 Speaker 1: America today? Coming up? We dive into out of that, 381 00:21:36,320 --> 00:21:38,520 Speaker 1: we come up out for air from out of the 382 00:21:38,520 --> 00:21:42,320 Speaker 1: weeds of eco policy and talk politics. It's never too early, 383 00:21:42,359 --> 00:21:45,680 Speaker 1: folks with their all star panel, democratic strategist Scott Mulhauser 384 00:21:45,880 --> 00:21:49,480 Speaker 1: as well as Republican strategist Terry Sullivan. Remember download the 385 00:21:49,560 --> 00:21:53,840 Speaker 1: sound on podcast on Apple iTunes, at Bloomberg dot Com 386 00:21:53,960 --> 00:21:57,520 Speaker 1: or by downloading the Bloomberg Business app. You can also 387 00:21:57,600 --> 00:22:00,680 Speaker 1: find us on radio dot Com and I Heart Radio. 388 00:22:00,760 --> 00:22:03,680 Speaker 1: Not just Sound On with Kevin Cerelli, but also all 389 00:22:03,720 --> 00:22:06,840 Speaker 1: of our all star colleagues. I'm Kevin Cerelli. You're listening 390 00:22:06,920 --> 00:22:13,960 Speaker 1: to Bloomberg? Is sound on with Kevin Cereally on Bloomberg 391 00:22:16,280 --> 00:22:19,880 Speaker 1: seven of m HD two Botomore, Welcome back, everybody. I'm 392 00:22:19,960 --> 00:22:24,479 Speaker 1: Kevin Serely, Bloomberg Television and Radio Chief, Washington correspondent with 393 00:22:24,560 --> 00:22:28,040 Speaker 1: me for the hour. Scott Mulhauser, Democratic strategist, also has 394 00:22:28,040 --> 00:22:30,680 Speaker 1: Philly ties. I just learned, but you grew up in Washington. 395 00:22:30,760 --> 00:22:33,200 Speaker 1: Grew up in Washington with the family from Philly and Jersey. Yeah, 396 00:22:33,200 --> 00:22:36,240 Speaker 1: I mean that's Philly's the greatest uh sorry, d see 397 00:22:36,480 --> 00:22:40,240 Speaker 1: Terry Sullivan Republican strategists and a mountaineer man. Actually, best 398 00:22:40,240 --> 00:22:42,840 Speaker 1: sandwich I've ever had, infilt from my uncle's surgy shop. 399 00:22:43,600 --> 00:22:47,479 Speaker 1: Michael sandwich is right off of mac Dave Boulevard. What 400 00:22:47,600 --> 00:22:49,520 Speaker 1: is that really your I was gonna go John's down 401 00:22:49,560 --> 00:22:51,840 Speaker 1: on the water if you're going in there, going to 402 00:22:51,840 --> 00:22:54,000 Speaker 1: Tony lux He's a good buddy of mine. Tony. If 403 00:22:54,040 --> 00:22:57,600 Speaker 1: you're listening, I love Tony Luke and Tony Lukes not 404 00:22:57,720 --> 00:22:58,879 Speaker 1: as well. As you do. But I will tell you 405 00:22:59,000 --> 00:23:01,719 Speaker 1: John's is the strong sandwich I've ever I totally disagree, 406 00:23:01,720 --> 00:23:03,960 Speaker 1: and you don't know what you're talking about. I would argue, Okay, Terry, 407 00:23:04,000 --> 00:23:05,960 Speaker 1: we gotta get back into politics because for scenes like, 408 00:23:06,000 --> 00:23:08,480 Speaker 1: oh my gosh, where is this conversation going? But you 409 00:23:08,520 --> 00:23:12,000 Speaker 1: do you hike mountains? Yes? Yes, so you're training for 410 00:23:12,040 --> 00:23:15,040 Speaker 1: what I'm training for Denali this summer. How do you 411 00:23:15,040 --> 00:23:18,560 Speaker 1: even train? I can't even spell Denali? Can I right? 412 00:23:18,920 --> 00:23:22,240 Speaker 1: I couldn't spell it any until a week ago. Wait, 413 00:23:22,280 --> 00:23:23,840 Speaker 1: so how do you? Seriously how do you training for that? 414 00:23:24,840 --> 00:23:29,680 Speaker 1: Lots of weights and backpacks upstairs? Believe it or not? Uh, 415 00:23:29,920 --> 00:23:33,600 Speaker 1: just everything everything from hot yoga to uh do hot yoga? 416 00:23:34,800 --> 00:23:38,040 Speaker 1: I do core power and yeah it helps a lot 417 00:23:38,040 --> 00:23:41,160 Speaker 1: with the frexibility and everything else. What is harder managing 418 00:23:41,160 --> 00:23:46,879 Speaker 1: a presidential campaign or hiking Denali? Yeah? Presidential campaign? Like 419 00:23:47,280 --> 00:23:50,600 Speaker 1: it's just an inhuman thing, Like I wouldn't wish it 420 00:23:50,600 --> 00:23:52,560 Speaker 1: out my worst enemy. Really, why then why do you 421 00:23:52,600 --> 00:23:54,320 Speaker 1: do it? I don't get it once. If you look, 422 00:23:54,359 --> 00:23:57,840 Speaker 1: there's actually nobody who's really run, win or lose a 423 00:23:57,920 --> 00:24:01,800 Speaker 1: top tier presidential campaign more than once. Democrat Republican they 424 00:24:01,800 --> 00:24:05,359 Speaker 1: only run a once. You managed Senator Marco Rubio's presidential campaign, 425 00:24:05,480 --> 00:24:08,120 Speaker 1: and Scott, you're kind of in the game right now. 426 00:24:08,160 --> 00:24:11,239 Speaker 1: There's a lot of people running for for president on 427 00:24:11,280 --> 00:24:14,520 Speaker 1: the left. So I guess, Terry, what should you get 428 00:24:14,640 --> 00:24:17,080 Speaker 1: very involved and to all of the candidates that you 429 00:24:17,119 --> 00:24:20,560 Speaker 1: talked to on the left, what would your advice be, Terry? 430 00:24:20,600 --> 00:24:24,560 Speaker 1: To someone like Scott as he looks at this crowded 431 00:24:25,000 --> 00:24:28,280 Speaker 1: Democratic field. You know, I think on a personal side 432 00:24:28,280 --> 00:24:30,280 Speaker 1: of things is is make sure to be an advisor 433 00:24:30,280 --> 00:24:32,800 Speaker 1: and not the manager, because the manager job sucks. The 434 00:24:32,800 --> 00:24:35,239 Speaker 1: advisor can just kind of, you know, take days off 435 00:24:35,320 --> 00:24:38,360 Speaker 1: every now and then. The But but on the from 436 00:24:38,359 --> 00:24:42,280 Speaker 1: a practical side, on the Democrats, look, they they face 437 00:24:42,359 --> 00:24:44,760 Speaker 1: the same problem that the Republicans did last time, which 438 00:24:44,840 --> 00:24:48,359 Speaker 1: is the best general election candidate is not likely able 439 00:24:48,359 --> 00:24:51,720 Speaker 1: to survive the primary. And you know, Joe Biden, who 440 00:24:51,920 --> 00:24:54,080 Speaker 1: I think would be the most formidable opponent to Trump 441 00:24:54,160 --> 00:24:57,080 Speaker 1: and would be the odds on favorite to beat him, 442 00:24:57,320 --> 00:25:02,040 Speaker 1: couldn't survive a grueling primary nominating contest in the Democrat primary. Scott, 443 00:25:02,200 --> 00:25:04,239 Speaker 1: this is gonna be a blood bath. I mean it is. 444 00:25:04,320 --> 00:25:07,080 Speaker 1: You are seeing You've already seen how many folks enter, 445 00:25:07,160 --> 00:25:09,680 Speaker 1: and there are so many more coming. There rumors that 446 00:25:09,720 --> 00:25:12,160 Speaker 1: the Hickanloup announcement could come soon. And I think from 447 00:25:12,200 --> 00:25:16,000 Speaker 1: that comes decisions by Shared Brown, Michael Bloomberg, Joe Biden, 448 00:25:16,760 --> 00:25:18,960 Speaker 1: Michael Bennett, and a litany of others. And I think 449 00:25:19,320 --> 00:25:22,240 Speaker 1: just the folks and already are already sort of saying 450 00:25:22,280 --> 00:25:24,600 Speaker 1: the right things, particularly the senators are acting as sort 451 00:25:24,640 --> 00:25:27,440 Speaker 1: of as Politico said, it's sort of a Kumba yat moment. 452 00:25:27,480 --> 00:25:30,639 Speaker 1: But that will, I think, unravel as the campaigns do, 453 00:25:30,720 --> 00:25:33,400 Speaker 1: and it's gonna get. It's gonna get Senator shar Brown, 454 00:25:33,520 --> 00:25:36,800 Speaker 1: Democrat from Ohio, someone who carried in his re election campaign, 455 00:25:36,840 --> 00:25:39,960 Speaker 1: but believe twenty two percentage points in a state the 456 00:25:39,960 --> 00:25:44,879 Speaker 1: President Trump flipped carried to someone who has been on 457 00:25:44,920 --> 00:25:47,719 Speaker 1: the Senate banking scene, is more of a progressive, been 458 00:25:47,800 --> 00:25:51,879 Speaker 1: on Senate Banking Committee with Senator Elizabeth Warren. I've covered 459 00:25:51,960 --> 00:25:56,120 Speaker 1: virtually all of those hearings, and to me, he strikes 460 00:25:56,160 --> 00:25:58,840 Speaker 1: me as someone who could be a bit of a 461 00:25:59,359 --> 00:26:02,760 Speaker 1: dark horse and all of this especially maybe he can 462 00:26:02,840 --> 00:26:07,400 Speaker 1: marry sort of the more colovid Ar esque type of 463 00:26:07,760 --> 00:26:12,120 Speaker 1: policy with the Sanders policy and Senator Bernie Sanders five 464 00:26:12,200 --> 00:26:15,439 Speaker 1: point nine million bucks. This guy raised, this guy, this 465 00:26:15,560 --> 00:26:19,040 Speaker 1: senator on his re lixte I mean, Scott, there's really 466 00:26:19,080 --> 00:26:21,280 Speaker 1: no way to to to read that number. I don't 467 00:26:21,280 --> 00:26:24,679 Speaker 1: care what you think of him as an individual, Senator Sanders, 468 00:26:24,720 --> 00:26:26,399 Speaker 1: but there's really no way to read that as to 469 00:26:26,440 --> 00:26:30,159 Speaker 1: say that the left base is fired up. It'll be 470 00:26:30,200 --> 00:26:33,800 Speaker 1: interesting to see if that Bernie Sander's momentum continues without 471 00:26:34,600 --> 00:26:36,440 Speaker 1: Hillary Clinton has sort of a foil. It'll be it'll 472 00:26:36,480 --> 00:26:38,400 Speaker 1: be fascinating to watch and you're on your brown point. 473 00:26:38,400 --> 00:26:40,639 Speaker 1: It's a good one. And I think he and Biden 474 00:26:40,840 --> 00:26:44,040 Speaker 1: and others were populous. Candidate Steve Bullock, you know, who 475 00:26:44,040 --> 00:26:46,439 Speaker 1: have won in red states and rust belt areas. I 476 00:26:46,480 --> 00:26:48,760 Speaker 1: think we'll have a residence. The question will be how 477 00:26:48,800 --> 00:26:50,520 Speaker 1: will they do in the primary? Is it smart to 478 00:26:50,600 --> 00:26:53,679 Speaker 1: just make Trump the foil and the Democratic primary? Because I, 479 00:26:53,840 --> 00:26:57,000 Speaker 1: for personal from talking with folks, I think that there 480 00:26:57,040 --> 00:26:59,760 Speaker 1: are people out there in in the left circle, just 481 00:26:59,880 --> 00:27:05,760 Speaker 1: as Democrats circles, who are frustrated with establishment Democrats and 482 00:27:05,600 --> 00:27:08,959 Speaker 1: the and the future of the Democratic Party. And I 483 00:27:08,960 --> 00:27:12,640 Speaker 1: guess is it smart in the primary to just make 484 00:27:12,680 --> 00:27:14,680 Speaker 1: it about Trump. But you just said it was gonna 485 00:27:14,680 --> 00:27:16,280 Speaker 1: be a blob bath. He's gonna be a blob bath. 486 00:27:16,280 --> 00:27:17,480 Speaker 1: And I think what these guys have to do is 487 00:27:17,520 --> 00:27:19,880 Speaker 1: both both train and iron Trump and pick their fights. 488 00:27:19,880 --> 00:27:21,639 Speaker 1: I mean, we talked a little bit on the frond 489 00:27:21,840 --> 00:27:24,480 Speaker 1: about this emergency shutdown and whether a tough care and 490 00:27:24,560 --> 00:27:27,320 Speaker 1: other things. Find the fights that resonate with folks. Don't 491 00:27:27,320 --> 00:27:29,600 Speaker 1: pick them all, don't land every don't attempt to land 492 00:27:29,600 --> 00:27:32,960 Speaker 1: every punch and not. It's it's got to be about 493 00:27:32,960 --> 00:27:35,439 Speaker 1: both taking on Trump and also your own vision for 494 00:27:35,480 --> 00:27:36,879 Speaker 1: how to do this. Yeah, but it also has to 495 00:27:36,880 --> 00:27:39,760 Speaker 1: be about taking on the other candidates. And you know, look, 496 00:27:40,200 --> 00:27:42,240 Speaker 1: Marco caught the most flak at any point in time 497 00:27:42,240 --> 00:27:44,760 Speaker 1: in any debate in New Hampshire for making trying to 498 00:27:44,800 --> 00:27:49,080 Speaker 1: make Obama the target of the debate, and Christie attacked him, 499 00:27:49,240 --> 00:27:51,119 Speaker 1: uh and went after him for so, oh, you're just 500 00:27:51,160 --> 00:27:54,560 Speaker 1: on talking points. Why won't you engage You're just attacking Obama. 501 00:27:54,680 --> 00:27:56,720 Speaker 1: So I think there is a real danger for not 502 00:27:56,800 --> 00:27:59,800 Speaker 1: engaging each other. What what what voters tend to want now 503 00:28:00,080 --> 00:28:02,920 Speaker 1: is someone they see, a strong, someone they see that 504 00:28:02,960 --> 00:28:05,480 Speaker 1: can can stand up to the opponent. And in this case, 505 00:28:05,480 --> 00:28:07,159 Speaker 1: they're going to see the opponent's Trump. So it's not 506 00:28:07,240 --> 00:28:10,560 Speaker 1: just taking on Trump, it's taking on other Democrats. And 507 00:28:10,600 --> 00:28:12,679 Speaker 1: I mean we the amount of OPO that these Dems 508 00:28:12,680 --> 00:28:15,320 Speaker 1: have dropped on each other so early, I mean has 509 00:28:15,359 --> 00:28:18,480 Speaker 1: been phenomenal. Someone you know who's spent twenty years running campaigns, 510 00:28:18,520 --> 00:28:20,520 Speaker 1: it's pretty impressive to watch. Is to see the account 511 00:28:20,560 --> 00:28:23,320 Speaker 1: of of oppo research as getting dumped on, you know, 512 00:28:23,400 --> 00:28:25,560 Speaker 1: on announcement days. All right, coming up, we're gonna go 513 00:28:25,600 --> 00:28:28,280 Speaker 1: behind the scenes on what that means for an APO 514 00:28:28,359 --> 00:28:31,080 Speaker 1: dump by the two gentlemen who know a thing or 515 00:28:31,119 --> 00:28:36,400 Speaker 1: two about opposition research, Scott Mahouser, Democratic strategist Terry Sullivan 516 00:28:36,440 --> 00:28:40,600 Speaker 1: Republican strategists. Remember download the Sound On podcast on iTunes 517 00:28:40,720 --> 00:28:43,800 Speaker 1: or at Bloomberg dot com or by getting the Bloomberg 518 00:28:43,800 --> 00:28:46,680 Speaker 1: Business app. Check out the Sound On radio show as 519 00:28:46,680 --> 00:28:49,680 Speaker 1: well as all of our other content on Radio dot 520 00:28:49,760 --> 00:28:52,719 Speaker 1: com as well as I Heart Radio. I'm Kevin CURRELLI 521 00:28:52,800 --> 00:29:02,280 Speaker 1: you're listening to Bloomberg. This is Sound On with Keivins. 522 00:29:02,320 --> 00:29:07,080 Speaker 1: He related on Bloomberg and Oe F m h D 523 00:29:07,200 --> 00:29:11,800 Speaker 1: two Baltimore. Welcome back, everybody, Stay safe out on those roads. 524 00:29:11,840 --> 00:29:16,120 Speaker 1: They're a little slick tonight following the snowfall. We are 525 00:29:16,200 --> 00:29:20,400 Speaker 1: talking about everything out of Washington today, the US China 526 00:29:20,480 --> 00:29:24,520 Speaker 1: trade talks, the CNN report, which of course just broke 527 00:29:24,560 --> 00:29:27,760 Speaker 1: within the last couple of hours that Attorney General William 528 00:29:27,800 --> 00:29:32,000 Speaker 1: Barr might release a summary of Bob Mueller's investigation to 529 00:29:32,560 --> 00:29:36,440 Speaker 1: Congress next week. Mind you mark your calendar or check 530 00:29:36,480 --> 00:29:39,440 Speaker 1: your calendar rather, because President Trump is scheduled to be 531 00:29:39,560 --> 00:29:43,280 Speaker 1: over in Vietnam with North Korea leader Kim Jong n 532 00:29:43,520 --> 00:29:49,760 Speaker 1: negotiating on d nuclearization, peace talks, and all of this comes, 533 00:29:49,800 --> 00:29:52,840 Speaker 1: as I mentioned, But there's US China trade talks March first, 534 00:29:53,080 --> 00:29:56,320 Speaker 1: Will he or won't he? President Trump increase the tariffs 535 00:29:56,360 --> 00:30:00,360 Speaker 1: on two hundred and sixty seven billion dollars of goods 536 00:30:00,360 --> 00:30:02,720 Speaker 1: coming from China to the United States, which would be 537 00:30:02,800 --> 00:30:05,920 Speaker 1: very much against the wishes of the business community, both 538 00:30:05,960 --> 00:30:10,880 Speaker 1: big and small. And that wasn't enough for everybody. It's 539 00:30:11,600 --> 00:30:15,000 Speaker 1: season on the left, everyone announcing it feels like that 540 00:30:15,040 --> 00:30:17,440 Speaker 1: they are running for president. And that's where we are 541 00:30:17,480 --> 00:30:21,560 Speaker 1: going to pick things back up with Scott Mulhauser, Democratic 542 00:30:21,600 --> 00:30:25,120 Speaker 1: strategist and founder of Aperture Strategies. He of course, is 543 00:30:25,120 --> 00:30:28,200 Speaker 1: the former chief of staff to the US Embassy in Beijing, 544 00:30:28,800 --> 00:30:31,200 Speaker 1: as well as a senior the senior vice president and 545 00:30:31,280 --> 00:30:33,960 Speaker 1: chief of staff at the Export Import Bank, chaired of 546 00:30:34,000 --> 00:30:36,600 Speaker 1: course by a friend of the program, Fred hawk Berg. 547 00:30:36,720 --> 00:30:41,480 Speaker 1: Terry Sullivan is founding partner at Firehouse Strategies Public Relations 548 00:30:41,520 --> 00:30:46,400 Speaker 1: and former Rubio presidential campaign manager in sixteen and he's 549 00:30:46,560 --> 00:30:51,840 Speaker 1: worked on like a hundred or some uh political campaigns. Uh, Scott, 550 00:30:51,880 --> 00:30:54,560 Speaker 1: you talked to like everyone who's running for president right now. 551 00:30:55,120 --> 00:30:57,560 Speaker 1: They are all either running, thinking about it, or at 552 00:30:57,640 --> 00:31:00,400 Speaker 1: least taking out for a spin. Okay, So this is 553 00:31:00,400 --> 00:31:02,760 Speaker 1: what I want to know, is like, as a political junkie, 554 00:31:02,880 --> 00:31:06,160 Speaker 1: my whole life, when when when these people, when people 555 00:31:06,440 --> 00:31:10,160 Speaker 1: are considering running for presidents on the one hand, like 556 00:31:10,680 --> 00:31:13,280 Speaker 1: you're never gonna make a bigger decision in your life, 557 00:31:13,320 --> 00:31:16,320 Speaker 1: like I want to be commander in chief, Like that 558 00:31:16,440 --> 00:31:20,880 Speaker 1: is a monumental, monumental, life altering decision, not just for you, 559 00:31:21,040 --> 00:31:23,600 Speaker 1: not just for your family, but for the country. So 560 00:31:23,680 --> 00:31:28,800 Speaker 1: when you are talking to presidential wannabes, what do you 561 00:31:29,040 --> 00:31:34,200 Speaker 1: hear from someone who like actually has their stuff for 562 00:31:34,280 --> 00:31:37,720 Speaker 1: lack of a better word, together versus someone who you're like, 563 00:31:38,280 --> 00:31:41,480 Speaker 1: no way. Look, if you're looking at democratic if you're 564 00:31:41,480 --> 00:31:44,080 Speaker 1: looking at Democratic campaigns, they're struggling right now. You can 565 00:31:44,080 --> 00:31:46,040 Speaker 1: start with Telsea Gabart. I mean, that's an example of 566 00:31:46,080 --> 00:31:48,760 Speaker 1: one that just running has been having a tough time 567 00:31:48,800 --> 00:31:51,239 Speaker 1: out of the box. And I think watching you know, 568 00:31:51,360 --> 00:31:54,360 Speaker 1: it's everything from how they staff and what they do. 569 00:31:54,440 --> 00:31:56,360 Speaker 1: But when you look at it, it's rolling it out 570 00:31:56,360 --> 00:31:58,200 Speaker 1: on a Friday night when you happen to mention it 571 00:31:58,240 --> 00:32:00,720 Speaker 1: on CNN, rather than having a deliberate allowed it's sort 572 00:32:00,720 --> 00:32:03,040 Speaker 1: of the array of things are already stories about staff 573 00:32:03,080 --> 00:32:06,320 Speaker 1: turnover and turmoil and things like that that don't bode well. 574 00:32:06,360 --> 00:32:09,960 Speaker 1: And that's what conversely what you see as mothers. I'll 575 00:32:09,960 --> 00:32:12,080 Speaker 1: give you a perfect example, Steve Bullock in Montana, who's 576 00:32:12,400 --> 00:32:15,520 Speaker 1: sitting back thinking about it, assessing, has a smart team 577 00:32:15,520 --> 00:32:17,880 Speaker 1: on board and I think has a pretty compelling profile. 578 00:32:18,080 --> 00:32:20,959 Speaker 1: Dig deeper. So like, I totally get the whole like 579 00:32:21,160 --> 00:32:24,400 Speaker 1: seriousness of staffing and like where the staff is and 580 00:32:24,480 --> 00:32:26,960 Speaker 1: turnover and all of that. But but but on a 581 00:32:27,040 --> 00:32:29,160 Speaker 1: on a human to human level, when you're on the 582 00:32:29,200 --> 00:32:32,000 Speaker 1: phone or in the room with someone who's running for 583 00:32:32,040 --> 00:32:37,200 Speaker 1: president and it's such a crowded, crowded field. What like humanistically, 584 00:32:37,360 --> 00:32:39,480 Speaker 1: and you don't have to mention names, What are you 585 00:32:39,880 --> 00:32:43,640 Speaker 1: like hearing or seeing that that of someone who like 586 00:32:44,040 --> 00:32:47,800 Speaker 1: is actually realizing and manifesting something that they feel called 587 00:32:47,840 --> 00:32:50,560 Speaker 1: to do. So I think the best book on campaigns ever, 588 00:32:50,920 --> 00:32:52,760 Speaker 1: which is helpful for I think in the listening audience, 589 00:32:52,960 --> 00:32:54,800 Speaker 1: is a book called What It Takes by Richard ban Kramer, 590 00:32:55,000 --> 00:32:57,160 Speaker 1: and the premises sort of who the heck thinks they 591 00:32:57,160 --> 00:33:00,480 Speaker 1: have this stuff to actually do this? And they track 592 00:33:00,560 --> 00:33:03,040 Speaker 1: the ad a campaign. I think that's the fundamental premise. 593 00:33:03,120 --> 00:33:04,640 Speaker 1: Right as you look at Shared Brown, who is an 594 00:33:04,640 --> 00:33:07,680 Speaker 1: impressive guy. We've talked a lot about UM today. You know, 595 00:33:07,840 --> 00:33:09,800 Speaker 1: the funderal questions to sort of he wake up every 596 00:33:09,880 --> 00:33:12,400 Speaker 1: day wanting to run, because if you don't as impressive 597 00:33:12,480 --> 00:33:14,800 Speaker 1: candid as he is, you shouldn't do it. So they're 598 00:33:14,840 --> 00:33:17,160 Speaker 1: all assessing sort of whether they have both the desired 599 00:33:17,200 --> 00:33:19,280 Speaker 1: service president but also the desire to run. Yeah. I 600 00:33:19,280 --> 00:33:22,600 Speaker 1: think that's the important thing here is, Look, a lot 601 00:33:22,640 --> 00:33:24,680 Speaker 1: of these guys think that I can be commander in 602 00:33:24,720 --> 00:33:29,320 Speaker 1: chief in theory UM, but the real question is do 603 00:33:29,360 --> 00:33:30,520 Speaker 1: you have what it takes to make it through a 604 00:33:30,560 --> 00:33:33,880 Speaker 1: campaign as grueling into humanizing as it is right now, 605 00:33:34,440 --> 00:33:36,520 Speaker 1: that's the bigger tougher question. And I would argue that 606 00:33:36,600 --> 00:33:39,920 Speaker 1: any any candidate out there that is just now toying 607 00:33:39,960 --> 00:33:42,160 Speaker 1: with the idea or taking it for a test drive 608 00:33:42,200 --> 00:33:44,840 Speaker 1: to run for president, they need to think about running 609 00:33:44,880 --> 00:33:50,120 Speaker 1: in because by this point in time, four years and 610 00:33:50,360 --> 00:33:53,120 Speaker 1: six months ago, when when Marcot Ruby was trying to 611 00:33:53,160 --> 00:33:55,240 Speaker 1: make that decision, we had already presented him with a 612 00:33:55,320 --> 00:33:59,480 Speaker 1: hundred and one uh deck power points presentation on what 613 00:33:59,560 --> 00:34:01,920 Speaker 1: it was GENU really gonna take, how many days away 614 00:34:01,920 --> 00:34:03,880 Speaker 1: from home, how much money he's gonna have to raise, 615 00:34:04,120 --> 00:34:07,800 Speaker 1: the travel, the schedule, the every aspect of it, looking 616 00:34:07,800 --> 00:34:10,840 Speaker 1: at historical data points, everything about what it was going 617 00:34:10,920 --> 00:34:13,000 Speaker 1: to take. Who announced, what were their venues, what was 618 00:34:13,040 --> 00:34:15,600 Speaker 1: the media impressions like, So, if you're just on campaign 619 00:34:15,600 --> 00:34:17,359 Speaker 1: now that's just taken it out for a test drive, 620 00:34:17,719 --> 00:34:21,080 Speaker 1: you were way way behind. And it's a particularly unique cycle, 621 00:34:21,200 --> 00:34:23,080 Speaker 1: right because I think no one expected Trump to win. 622 00:34:23,160 --> 00:34:25,560 Speaker 1: So therefore all these folks thought they could down the 623 00:34:25,600 --> 00:34:27,760 Speaker 1: road running when she was done her for eight years, 624 00:34:27,880 --> 00:34:30,120 Speaker 1: or Tim Kane was thinking about running as vice president. 625 00:34:30,160 --> 00:34:32,440 Speaker 1: I think so all these guys sort of feel like 626 00:34:32,480 --> 00:34:35,319 Speaker 1: they all of a sudden have a little less of 627 00:34:35,360 --> 00:34:39,000 Speaker 1: a sort of lengthy roadmap and they would have had otherwise. 628 00:34:39,000 --> 00:34:41,520 Speaker 1: But yeah, if you're not thinking and planning and staffing 629 00:34:41,680 --> 00:34:44,600 Speaker 1: not just in your headquarters but also in the key states, 630 00:34:44,640 --> 00:34:46,400 Speaker 1: you're you're you're in toast. I think I'm in the 631 00:34:46,400 --> 00:34:49,920 Speaker 1: minority on this, but I actually think Donald Trump knew 632 00:34:50,000 --> 00:34:52,440 Speaker 1: from for a very long time that he wanted to 633 00:34:52,560 --> 00:34:56,040 Speaker 1: run for president and wasn't It wasn't just planning seeds 634 00:34:56,040 --> 00:34:58,480 Speaker 1: on Oprah Winfrey in the eighties and whatnot. Well, he 635 00:34:58,840 --> 00:35:03,040 Speaker 1: was actually a candidate for the president. And I think 636 00:35:03,360 --> 00:35:08,600 Speaker 1: I think he knew I think by and it takes 637 00:35:08,400 --> 00:35:11,360 Speaker 1: it's hard to articulate, which is a poor poor for 638 00:35:11,440 --> 00:35:14,400 Speaker 1: a host of a radio show to say, but it's 639 00:35:14,680 --> 00:35:17,600 Speaker 1: he knew that he needed to craft himself as an 640 00:35:17,600 --> 00:35:23,320 Speaker 1: outsider and so and that is a political savviness that uh, 641 00:35:23,400 --> 00:35:27,719 Speaker 1: that I think he possessed that sometimes we in the 642 00:35:27,760 --> 00:35:31,560 Speaker 1: media lose track of. But but terry to to take 643 00:35:31,600 --> 00:35:35,719 Speaker 1: it down even further with someone like Senator Rubio, for example, 644 00:35:36,360 --> 00:35:38,759 Speaker 1: when you're presenting and if you don't want to use it, 645 00:35:39,120 --> 00:35:41,719 Speaker 1: you don't have to not even necessarily asked about. But 646 00:35:41,800 --> 00:35:45,360 Speaker 1: when you're presenting to someone who wants to be president, 647 00:35:45,760 --> 00:35:49,400 Speaker 1: what are you looking for in someone? As they're washing 648 00:35:49,920 --> 00:35:53,319 Speaker 1: all of this intel is washing over them in terms 649 00:35:53,400 --> 00:35:55,920 Speaker 1: of like do they get it? Is it a gut instinct? 650 00:35:56,040 --> 00:35:58,720 Speaker 1: Is it like what? Like? I don't think anyone could 651 00:35:58,800 --> 00:36:01,600 Speaker 1: possibly get it until the day they raise their hand 652 00:36:01,880 --> 00:36:03,840 Speaker 1: and the day they walk into that office. And I 653 00:36:03,880 --> 00:36:08,240 Speaker 1: just don't think it's something that anyone can fully comprehend um. 654 00:36:08,440 --> 00:36:10,840 Speaker 1: And and you look at how the office changes people. 655 00:36:11,040 --> 00:36:13,759 Speaker 1: I don't think anybody from George W. Bush to to 656 00:36:14,760 --> 00:36:19,040 Speaker 1: Bill Clinton or Barack Obama really fully understood what it 657 00:36:19,080 --> 00:36:20,480 Speaker 1: was going to be like until they were in there. 658 00:36:20,480 --> 00:36:23,879 Speaker 1: Can a humble person run for president? Yeah? I think 659 00:36:23,880 --> 00:36:25,520 Speaker 1: that's right. And I also think a lot of these 660 00:36:25,520 --> 00:36:28,160 Speaker 1: guys are sitting here assessing whether there's a lane for them. 661 00:36:28,239 --> 00:36:29,759 Speaker 1: It's hard to know that until you actually do it 662 00:36:29,800 --> 00:36:31,960 Speaker 1: may mean so I feel if you gotta make a lane, 663 00:36:32,360 --> 00:36:34,839 Speaker 1: like like make a lane, like what is this whole? 664 00:36:34,880 --> 00:36:36,440 Speaker 1: This is what I don't get about politicians. And you 665 00:36:36,480 --> 00:36:38,520 Speaker 1: guys know this working in the business, Like this is 666 00:36:38,560 --> 00:36:41,040 Speaker 1: one thing that drives me nuts because you'll talk to them, 667 00:36:41,040 --> 00:36:44,359 Speaker 1: you'll develop a relationship with them as a reporter and 668 00:36:44,400 --> 00:36:46,919 Speaker 1: you'll you'll really get to know what they actually think 669 00:36:47,000 --> 00:36:49,400 Speaker 1: on an issue, and then you you hear them in 670 00:36:49,440 --> 00:36:52,560 Speaker 1: an interview and you're like, that's not what you believe 671 00:36:52,640 --> 00:36:54,560 Speaker 1: on X, Y or Z issue, And you're like, if 672 00:36:54,600 --> 00:36:58,600 Speaker 1: you're a true leader, why don't you articulate your position 673 00:36:58,719 --> 00:37:02,879 Speaker 1: and convince people that you are right. That's that's something 674 00:37:02,920 --> 00:37:06,720 Speaker 1: that has driven me nuts about about Washington. Welcome to Washington. 675 00:37:07,640 --> 00:37:10,120 Speaker 1: And also one quicker song. I think you know a 676 00:37:10,160 --> 00:37:12,719 Speaker 1: week ago, Democrats might have said, what's the lane frame? 677 00:37:12,800 --> 00:37:15,440 Speaker 1: Global charge does? One skin in town hall does pretty well? 678 00:37:15,440 --> 00:37:18,120 Speaker 1: Suddenly people are saying, Okay, there's some viability that things 679 00:37:18,160 --> 00:37:20,759 Speaker 1: can change on a Diamonds because she got in. Okay, 680 00:37:20,800 --> 00:37:22,479 Speaker 1: we got like two minutes last. And I love doing 681 00:37:22,480 --> 00:37:25,399 Speaker 1: this because both of you have wild stories, but stick 682 00:37:25,480 --> 00:37:27,560 Speaker 1: true to the heart out that we have coming up. 683 00:37:27,800 --> 00:37:31,840 Speaker 1: Craziest campaign story that comes to mind, Scott, I'm getting 684 00:37:31,840 --> 00:37:35,160 Speaker 1: to him last because I'm sure I like gets the 685 00:37:35,200 --> 00:37:38,400 Speaker 1: whole episode of the go ahead you go first camera. 686 00:37:38,600 --> 00:37:43,560 Speaker 1: That's not fair getting a call from a Associated Press 687 00:37:43,600 --> 00:37:46,239 Speaker 1: reporter at eleven thirty at night in two thousand four 688 00:37:46,800 --> 00:37:49,200 Speaker 1: telling me that they were about to go with a 689 00:37:49,280 --> 00:37:52,000 Speaker 1: story that my candidate just told an editorial board in 690 00:37:52,160 --> 00:37:55,239 Speaker 1: acin South Carolina that he was for firing pregnant on 691 00:37:55,360 --> 00:37:58,360 Speaker 1: wed mothers for being teachers. What did you do? Todd 692 00:37:58,400 --> 00:38:01,680 Speaker 1: Akin drank more? Wasn't hot acne acually jim oh, jim 693 00:38:01,800 --> 00:38:06,959 Speaker 1: min wow, less than a minute, Scott. We have many 694 00:38:07,000 --> 00:38:09,799 Speaker 1: of them from a a Santa candidate who crashed a 695 00:38:09,800 --> 00:38:13,120 Speaker 1: car while doing a radio interview onward. But I definitely 696 00:38:13,160 --> 00:38:14,960 Speaker 1: remember the end of the two thousand twelve campaign, wile 697 00:38:14,960 --> 00:38:17,600 Speaker 1: working for Vice President Biden, the hurricane coming and having 698 00:38:17,600 --> 00:38:21,080 Speaker 1: to pull down a deliberately planned schedule for a full week, 699 00:38:21,160 --> 00:38:24,600 Speaker 1: and sitting in a hotel because you both couldn't campaign 700 00:38:24,640 --> 00:38:26,880 Speaker 1: and you were weeks away from needing to convince the 701 00:38:26,880 --> 00:38:30,400 Speaker 1: American people to vote. Oh boy, Scott Moehouser, Democratic strategist, 702 00:38:30,680 --> 00:38:34,640 Speaker 1: as well as Terry Sullivan, Republican strategist, thank you both 703 00:38:34,640 --> 00:38:37,240 Speaker 1: for coming on. Come back, we'll talk more. I'm Kevin's 704 00:38:37,280 --> 00:38:39,560 Speaker 1: really that's it for me tomorrow more on trade. You're 705 00:38:39,560 --> 00:38:42,400 Speaker 1: listening to Bloomberg Check us out on iTunes.