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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 forts. 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: Aligning Floomberg Sound On, the insiders, the influencers, the insights.

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

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

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

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

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

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

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Speaker 1: nine one and World five point seven h D two

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Speaker 1: transcripts were released. Who's who the Americans at the center

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Speaker 1: of the Trump Ukraine uproar and these transcripts. What's going

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Speaker 1: on with these transcripts? A lot to get through on

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Speaker 1: the impeachment inquiry. The transcripts were released earlier today. Meanwhile,

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Speaker 1: we've got the latest on the Gnats at the White House.

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Speaker 1: The Gnats were at the White House. President Trump had

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Speaker 1: a had a lot to say about that. You'd rather

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Speaker 1: talk about the World Series, folks, than impeachment. And the

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Speaker 1: latest on the campaign trail its heating up. It's eating

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Speaker 1: up as Elizabeth Boorn says how she's gonna pay for

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Speaker 1: Medicare for all. Sarah Kim is here, Republican strategist, attorney,

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Speaker 1: former senior adviser of the Trevor administration. Her bags are packed,

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Speaker 1: she's head into Texas. And Joel Payne, Democratic strategist, former

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Speaker 1: director of African American media outreach for Hillary Clinton's presidential campaign,

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Speaker 1: lots to get through big news today. I was up

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Speaker 1: on Capitol Hill and these transcripts get released the House

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Speaker 1: Intelligence Committee and the other two impeachment Inquiry UH impeachment

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Speaker 1: inquiry in committees looking into these transcripts. I'm not sure

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Speaker 1: there was any bombshell that's going to change the trajectory

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Speaker 1: of this UH inquiry. Joel, what did you make? It's fodder, um,

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Speaker 1: And from what I understand, this is the first of

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Speaker 1: come out over the course of this week. I think

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Speaker 1: we're gonna get Sunlin and Volker tomorrow. And I think

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Speaker 1: really what we're gonna see here is Democrats trying to

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Speaker 1: fill in the void now that a lot of the public,

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Speaker 1: the private testimony is over with kind of some public

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Speaker 1: releases of some of the more damning things that might

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Speaker 1: have been said behind closed doors. Um, I don't think

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Speaker 1: anything probably is gonna materially changed public opinion. I think

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Speaker 1: it's just going to continue to kind of build up

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Speaker 1: the fodder for what Democrats hope will be a lead

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Speaker 1: into impeachment proceedings. In a few weeks, Fox news dot

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Speaker 1: com the headline reads Seri DEM's release first impeachment probe

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Speaker 1: transcripts from closed door interviews. The panels released testimony from

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Speaker 1: former U s Ambassador to Ukraine Mary Javanovich and Michael McKinley,

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Speaker 1: a former senior advisor to Secretary of State Mike Pompeio.

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Speaker 1: Some of the revelations and again I'm not sure I

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Speaker 1: noticed any bombshell ones that would impact whether or not

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Speaker 1: the president would be have impeachment. But Janovich test a

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Speaker 1: that Ukraine told her about the Trump lawyer Rudy Giuliani's

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Speaker 1: campaign to oust her. But again, when you I read

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Speaker 1: these transcripts in uh in uh in the capital today, Seri,

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Speaker 1: and my takeaway was, well, it's politics, but politics and peachable.

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Speaker 1: I mean, I totally agree with you. There was no

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Speaker 1: bombshells it's all politics. I think the biggest news of

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Speaker 1: the day is that Kim Kardashian said she gained eighteen pounds.

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Speaker 1: I mean, really, is anybody paying But was anybody paying

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Speaker 1: attention to the transcript? Because at the end of the day,

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Speaker 1: the number one concern is that an impeachment is a

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Speaker 1: constitutional crisis, and a constitutional crisis requires an abusive power,

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Speaker 1: obstruction of justice, and words of he said, she said

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Speaker 1: doesn't rise to that level. And what Chairman Adam Schiff

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Speaker 1: is trying to do is he's trying to put the

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Speaker 1: line out there at the fifty yard line, and yet

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Speaker 1: he can't seem to get there. So these transcripts are

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Speaker 1: continuing to push him there, but there is no there there.

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Speaker 1: I want to mention regardless, I don't want to have

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Speaker 1: different sides in terms of whether or not there's that

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Speaker 1: they're they're But for regardless, I was struck by this.

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Speaker 1: They're going to be releasing jo all these transcripts, the

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Speaker 1: hearings and whatnot, and and from the one side of

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Speaker 1: my brain is saying that the democratic strategy is drip drip, drip, steady, steady, drumbeat.

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Speaker 1: But then if I'm the Republicans are that I'm talking

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Speaker 1: by it and just tune it out. Well, I think

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Speaker 1: you know a question you have that the Democrats are

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Speaker 1: asking themselves now is like cadence and speed? Right, And

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Speaker 1: I've talked about that a couple of the last times

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Speaker 1: that I've been here with you, is how fast is

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Speaker 1: it's gonna move? Right? Is this just kind of the

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Speaker 1: inn room between now and another period of revelations coming

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Speaker 1: up in a few weeks, Are they're going to be

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Speaker 1: um more corroborations of people like John Bolton? Right, that's

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Speaker 1: a game changer. If the president's former national security advisor

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Speaker 1: comes out and corroborate some of the concern that's a

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Speaker 1: game changer. Balton is supposed to testify this week, but

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Speaker 1: nobody knows if he's going to show up. Energy Secretary

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Speaker 1: Rick Perry. He's supposed to testify this week, nobody knows

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Speaker 1: if so, Like that level of of of a corroborator

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Speaker 1: is a game changer. Um, But I think what what

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Speaker 1: we've arrived at is. Look, a lot of the public

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Speaker 1: polling numbers show that this is starting to line up

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Speaker 1: with the president's drab approval, and so it's turned into

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Speaker 1: a political test. And I think that's what Democrats have

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Speaker 1: to stay away from, is allowing us to become a

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Speaker 1: straight ballot test. If it's a ballot test, Democrats lose. Serry,

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Speaker 1: take a listen to what Adam Schiff, House Intel Chairman

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Speaker 1: these transcripts. Serious Republicans were present for all of these depositions,

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Speaker 1: and in fact, they had an equal opportunity with Democrats

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Speaker 1: to ask questions, and you will see they took full

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Speaker 1: advantage of those opportunities to ask questions. I mean, you

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Speaker 1: hear them, and I mean, what's the point again, I

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Speaker 1: whenever I hear Adam Schiff say anything, I don't believe

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Speaker 1: what he said. As everybody knows, I've read the Mullar

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Speaker 1: Report night times. I listened to him say on television

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Speaker 1: and radar quite quite quick. Que, how long does it

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Speaker 1: take you to read the mother Report? Well, I mean,

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Speaker 1: injuring me, like five hours each time, because I read

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Speaker 1: the footnotes and then I was memorizing it. But every

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Speaker 1: remember the four three times he said that there was direct,

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Speaker 1: evidentiary proof that President Trump criminally colluded with Russia to

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Speaker 1: interfere in. I don't believe what he says. But at

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Speaker 1: the end of the day, the most important thing about

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Speaker 1: this entire process is that if President Trump committed any crime,

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Speaker 1: it doesn't matter the time, it doesn't matter the politics.

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Speaker 1: You should go to the substance. And it seems like

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Speaker 1: every Democrat is only focused on the politics. And you

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Speaker 1: think we're going to find out who the whistle blower is, Well,

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Speaker 1: the whistleblower have to testify publicly. Absolutely, So when people

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Speaker 1: when people say, hey, you gotta protect whistleblowers, what do

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Speaker 1: you say to them? I say that if you're going

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Speaker 1: to impeach the President of the United States on a

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Speaker 1: constitutional basis, you should know who is doing it because

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Speaker 1: there was no trial. So I yesterday, you know, just

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Speaker 1: having it was like I was a kid. I was

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Speaker 1: watching the Sunday shows, watching Joel on MSNBC with our

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Speaker 1: good friend David Gara former Bloomburger by the way, and

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Speaker 1: then President Trump comes out and he's talking to reporters

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Speaker 1: and I'm like, oh, I should be there, but uh,

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Speaker 1: here's what he said about the whistle blower and whether

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Speaker 1: or not the whistle blower needs an amenity, Joel. And

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Speaker 1: then I really do want you to respond, because Sarah

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Speaker 1: makes a point, but I want to hear your your

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Speaker 1: thoughts on whether or not this whistleblower should ought to

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Speaker 1: have an amenity, because that's the talk of the town.

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Speaker 1: Here it is, here's President Trump. But whistill blower gave

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Speaker 1: a very inaccurate report. And as you know, certain of

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Speaker 1: the media released information about a man that they said

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Speaker 1: was the whistleblower. I don't know if that's true or not,

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Speaker 1: but what they said is he's an Obama person. So

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Speaker 1: I mean, okay, look, Kevin and I know we don't

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Speaker 1: want this to revolve. And just like the Democrat doesn't

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Speaker 1: like Trump and the Republican likes Trump, we would have

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Speaker 1: a conversation. But the President just said that the whistle

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Speaker 1: bro that the complaint is inaccurate. He has corroborated the

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Speaker 1: whistleblower complaint. All of the witnesses, who are all Republican appointees,

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Speaker 1: have corroborated the whistleblower complaints. So you know, look, it's

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Speaker 1: like pick your truth, right, Like I mean, pick what

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Speaker 1: what your lion eyes are telling you. When people didn't

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Speaker 1: have to pick truth. We just knew what the facts

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Speaker 1: were well. And and this is the problem. It's hearsay testimony.

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Speaker 1: As an attorney, I would like to say, and for

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Speaker 1: people who focus on Watergate and Nixon, when you had

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Speaker 1: deep throat, there was two years of evidentiary documents produced

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Speaker 1: by the Washington Post, the New York Times, by various

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Speaker 1: other people who quote unquote leak during the Nixon impeachment process.

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Speaker 1: We have one hearsay testimony. All right, coming up, we're

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Speaker 1: gonna talk more about policy and politics. We've got the latest,

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Speaker 1: got the latest on on the US China trade talks.

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Speaker 1: By the way, US stock benchmarks climb so all time

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Speaker 1: highs while treasuries tumbled as trade optimism fuel demand for

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Speaker 1: risk assets. So the markets again are not linking on

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Speaker 1: the transcript release, they are following across the globe. President

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Speaker 1: she Jing Ping's comments and remarks regarding the regarding the

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Speaker 1: US China trade talks panel stays. Download the Bloomberg Sound

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Speaker 1: on podcast on Apple iTunes at Bloomberg dot com. There

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Speaker 1: are birds flyers of Hermageddon of birds mated, so many birds.

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Speaker 1: Kevin Cirelli, you're listening to Bloomberg nine one, you're listening

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Speaker 1: to Bloomberg. Sound On with Kevin Currel on Bloomberg and

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Speaker 1: one oh five point seven f M h D two.

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Speaker 1: America fell in love with the Nats Baseball. They just

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Speaker 1: fell in love with that. S baseball. That's all they

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Speaker 1: wanted to talk about. That an impeachment that I like,

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Speaker 1: that's baseball much more. That was press it in Trump

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Speaker 1: speaking earlier today at the White House. Uh, he hosted

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Speaker 1: the World Series champions Washington Nationals. I'm here with two

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Speaker 1: political all star Serry Kim, Republican strategist and Joel Payne,

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Speaker 1: Democratic strategist. Did you catch Sari the Gnats at the

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Speaker 1: at the White House? They they the Nats clubhouse reminded

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Speaker 1: me of my family back home in Philly. I mean

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Speaker 1: it was. It's so politically diverse. You got a couple

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Speaker 1: of players not coming, other players wearing red make America

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Speaker 1: great again. Hats really shows that you can all play

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Speaker 1: on the same team or be in the same family

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Speaker 1: and hold different viewpoints. Yeah, I thought The most amazing

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Speaker 1: thing was that Suzuki, the catcher who hit the homer

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Speaker 1: against the Mets. He basically walked up and put a

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Speaker 1: make America Great hat again, and President Trump did a

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Speaker 1: bro hug from behind and was like, I love this guy.

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Speaker 1: I love this guy. I mean that is that was

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Speaker 1: that fight over the weekend. Yeah, that UFC fight. And

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Speaker 1: this is what's really great about race is the Democrats

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Speaker 1: or eating themselves alive on policy proposals. But what I

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Speaker 1: really want to say is that the Trump campaign in

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Speaker 1: whether you talk about the Kardashians, whether you talk about makeup,

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Speaker 1: whether you talk about Kanye traveling or whatever, Donald Trump

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Speaker 1: is always involved. And that's the problem with the Democrats.

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Speaker 1: How do you fight that? How do you fight a

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Speaker 1: ninety nine point nine PC user, I d Joe, go ahead, Um,

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Speaker 1: he's going to Alabama, l s U. Apparently in a

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Speaker 1: few weeks, which is about the most predictable thing I

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Speaker 1: Country so he can get a different response from the crowd.

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Speaker 1: So I think it's I think it's I think it's

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Speaker 1: great that some players fell comfortable going and the players

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Speaker 1: that didn't feel comfortable going, we're giving the room to

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Speaker 1: do that, you know. I think it's great that the

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Speaker 1: Philadelphia Eagles one yesterday and we have a buy and

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Speaker 1: we're going to beat the New England Patriots in two weeks.

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Speaker 1: UM shutdown is on my radar around Thanksgiving November, uh,

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Speaker 1: November twenty one. I apologize, Remember twenty one is when

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Speaker 1: that partial government shutdown could actually happen. And stocks, as

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Speaker 1: we mentioned, are not blinking on all this impeachment transcript

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Speaker 1: fodder and what happened, and we were talking about that earlier.

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Speaker 1: But they are going to be carefully paying attention to

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Speaker 1: the US China trade talks. We're gonna go there in

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Speaker 1: a second. But a key market potential mover could be

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Speaker 1: SERI the prospects of another government shutdown, I think it's

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Speaker 1: already baked in. I mean, this is why this is yeah, absolutely,

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Speaker 1: I mean, like, let's look at the numbers. It's up

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Speaker 1: eighteen percent of the year. Last year when there was

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Speaker 1: a shutdown, it was the SNP is at what right now,

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Speaker 1: All these numbers show that the markets have finally calibrated

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Speaker 1: to his personality. And I will tell you the one

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Speaker 1: thing that is the most true and just in November,

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Speaker 1: is that if the Democrats continue to move forward with impeachment,

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Speaker 1: there will be a government. You're that the calendar could

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Speaker 1: be impacted, the shutdown calendar could be impacted by floor

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Speaker 1: time with regards to the impeachment inquiry. Now, I'm saying

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Speaker 1: that if the Democrats to any further action on impeachment whatever,

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Speaker 1: it looks like, the President Trump will shut the government.

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Speaker 1: Let's head into the Bloomberg terminal for a second, because

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Speaker 1: Alex Harris reports on the Bloomberg terminal quote. Previous closure episodes,

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Speaker 1: most recently the one that ended in late January, have

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Speaker 1: caused disruptions to the release of major economic indicators such

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Speaker 1: as the g d P report and trade figures. With

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Speaker 1: temporary funding measures due to expire November twenty one, there's

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Speaker 1: a risk that could happen again if lawmakers in the

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Speaker 1: administration don't reach into great agreement. Joel Payne, you're a

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Speaker 1: Democratic insider. Take us into the mind of Speaker Nancy Pelosi.

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Speaker 1: She wants to get U S m c A done.

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Speaker 1: She's got to referee the impeachment inquiry. Where does a

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Speaker 1: government shut down this month play into this mix? Oh?

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Speaker 1: It does nothing good for anybody. And I would imagine

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Speaker 1: first in line would be President Trump. I mean that

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Speaker 1: this is the opposite of wagon dog, right, Like wagon

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Speaker 1: dog is like, hey, everything's under control, I got it.

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Speaker 1: A government shutdown suggests that there is no control. And

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Speaker 1: you know, I think it would be very unwise that

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Speaker 1: the president went forward with linking impeachment to government shutdown. Um.

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Speaker 1: I understand that politically he may see some advantage in that,

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Speaker 1: but I think that's something that ultimately might be a

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Speaker 1: loser for the president. So both of you have mentioned

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Speaker 1: how impeachment might impact the prospects of a of a

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Speaker 1: partial government shutdown. But there's no way the Democrats and

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Speaker 1: there's no way you can ignore the impeachment backdrop and

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Speaker 1: just think of the political chaos that would reverberate in

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Speaker 1: terms of the mainstream press interpretation of what's going on

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Speaker 1: in Washington. Should the government shut down around Thanksgiving? And

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Speaker 1: oh boy, Thanksgiving around the Thanksgiving table. If the government

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Speaker 1: shut down and there's impeachment, it's gonna be worse than

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Speaker 1: the Nuts Clubhouse. Well, let's bifurcate it because we have

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Speaker 1: them by forgetting the procedure and the politics of it.

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Speaker 1: So the procedure wise, you have eight days for them

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Speaker 1: to put together twelve appropriation bills. It's never gonna happen.

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Speaker 1: The politics of it, the politics of it is in

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Speaker 1: Trump's favor. I disagree with Joel Michael Strahan of politics

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Speaker 1: to my right here. Disagree with them for two reasons.

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Speaker 1: First and foremost, every member of Congress will get paid,

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Speaker 1: and they haven't been doing anything. And no, this is

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Speaker 1: what I'm saying. So you're saying that you're not going

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Speaker 1: to pay the troops, you're not going to function v A,

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Speaker 1: you're not going to put out Medicare checks, you're not

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Speaker 1: gonna do Social Security, you're not going to open post offices.

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Speaker 1: But you, as a member of Congress who should have

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Speaker 1: been working the previous twelve months, get paid. No, that's

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Speaker 1: not gonna work. And forget about the supply chain. Here

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Speaker 1: inside of Washington, d C. You've got these small business

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Speaker 1: owners who are dramatically going to be impacted around the

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Speaker 1: holidays and have delayed pay checks. That's not fair. That's

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Speaker 1: not right. I don't care what party you're in. Well,

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Speaker 1: irrespective of whether it's fair or right, outside of Washington

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Speaker 1: d C is what wins presidential races. And outside of

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Speaker 1: Washington d C they have seen a nine percent growth

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Speaker 1: since two thousand and eight every single year. The markets.

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Speaker 1: Markets are doing good, all right. So you've got that

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Speaker 1: on the one issue, and then just quickly, I want

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Speaker 1: to I want to wrap this up in terms of

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Speaker 1: market movers because because a lot of economic indicators this

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Speaker 1: month could be impacted by the prospects of a looming

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Speaker 1: potentially government shutdown on November twenty one. Uh not to

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Speaker 1: mention holiday travel plans for these lawmakers, which always acts

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Speaker 1: as an impetus to get a deal. They want to

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Speaker 1: get the heck out of town. They want to get

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Speaker 1: to dullest fly home to their constituents, their families for

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Speaker 1: the holiday. Don't underestimate that. But then we've got President

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Speaker 1: she and President Trump. Are they going to sign Phase

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Speaker 1: one this month? President Trump suggested within the last twenty

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Speaker 1: four hours he would be willing now the chili is

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Speaker 1: off the table, to sign that agreement. He would be

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Speaker 1: willing to have this in Iowa, in Alaska and Hawaii

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Speaker 1: or even somewhere in China quickly serry yes or no.

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Speaker 1: By the end of the month, you think President Trump

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Speaker 1: wraps up Phase one of the U. S. China trade talks. Yes,

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Speaker 1: because the Democrats needed in those six wing states. At

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Speaker 1: The New York Times wrote about today, Joel Sure, but

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Speaker 1: with a little bit. But there's a little there's a

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Speaker 1: little bit more to it. But I know we're short

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Speaker 1: our times ahead yet No. I think I think, I think,

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Speaker 1: I think A little bit more to it is the

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Speaker 1: fact that um Democrats actually, I think that there is

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Speaker 1: a place where they can they can interlock with Trump

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Speaker 1: on some of these trade issues. Like Elizabeth Warren does

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Speaker 1: not sound all that different from Donald Trump on trade,

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Speaker 1: and so I think that that's an interesting kind of

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Speaker 1: strange bedfellows makes that some Democrats don't mind. And I

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Speaker 1: think that's a place where the President could probably bracket

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Speaker 1: some Democrats into some support. And you know who's really

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Speaker 1: underestimated it, President Shi Jing Pin, Because you're right, tariffs.

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Speaker 1: They're talking tariffs on the left on the right, whether

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Speaker 1: you like it or not. You mentioned Bird Sarry. I

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Speaker 1: just want to do a quick thing more washingtone Inians

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Speaker 1: are suddenly into bird watching, and that's according to the Washingtonian.

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Speaker 1: And if anyone's been down in city center recently, there's

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Speaker 1: around this hour like hordes of birds just flying and circulating.

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Speaker 1: So don't think we're crazy, but every time at this

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Speaker 1: hour we're surrounded by in our glass studio of these

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Speaker 1: hordes of birds migrating and the Washingtonians writing about it.

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Speaker 1: Download the Bloomberg Sound On podcast on Apple 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 me on Radio dot com, I

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Speaker 1: Heart Radio and Spotify have Kevin Cirelli, Chief Washington correspondent

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Speaker 1: for Bloomberg Television and Bloomberg Radio. You're listening to Bloomberg.

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

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

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Speaker 1: D two. Here's my plan. Look at this, look at it. Okay,

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Speaker 1: first off, we're gonna cut military spending, so immediately dead

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Speaker 1: in the water to Jeff Bezos, is gonna pay go

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Speaker 1: from paying no tax to a tax? Yeah, Mr Basis.

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Speaker 1: The government is a little like Amazon Prime. You reap

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Speaker 1: the benefits you gotta pay an annual fee, and that's

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Speaker 1: called Texas. Unlike you, we can't just take it out

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Speaker 1: of here your debit card for that warning. Kate McKinnon,

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Speaker 1: Saturday Night Lives. Kate McKinnon, who has just I think

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Speaker 1: has been spot on with Senator Elizabeth Warren, the Democrat

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Speaker 1: from Massachusetts, said there, I don't know if it was

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Speaker 1: poking fun or just imitation with regards to Medicare for All.

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Speaker 1: I'm Kevin Cirelli, Chief Washington correspondent from Bloomberg Television and

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Speaker 1: Bloomberg Radio. Are panel today, Serry Kim, Republican strategist, Joel Payne,

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Speaker 1: Democratic strategist. I saw you crack a smile. There is

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Speaker 1: there some truth in the humor about Medicare for All,

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Speaker 1: in the way Warren's making a pitch to some more

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Speaker 1: moderate voters. Oh, it's just funny. Satire is funny. Um. Look,

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Speaker 1: I think Elizabeth Warren should be happy that Saturday Live

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Speaker 1: deems her to be serious enough to where they gave

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Speaker 1: her a dedicated character. That's probably that's probably something that

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Speaker 1: Corey Booker wouldn't mind, or probably I'm just saying that

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Speaker 1: you go, you go down the line. Some of these candidates,

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Speaker 1: I'm sure they wouldn't mind a Saturday Night Live had

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Speaker 1: a dedicated cast member on them. So probably a imitation

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Speaker 1: is the Scar's form of flattery. So now the dust

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Speaker 1: is settled on this Medicare for All proposal and trillions

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Speaker 1: of dollars depending on which estimate you look at the

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Speaker 1: Biden campaign, Joe Biden, Democratic former vice former vice president,

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Speaker 1: Democratic presidential front runner, Joe Biden's campaign poking some holes

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Speaker 1: on it. People to Jed South mean Mayor of Indiana,

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Speaker 1: people to Jedge also being somewhat critical of of Warren's plan,

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Speaker 1: and even Bernie Sanders, who says that he was the

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Speaker 1: o G of Medicare for All, coming at it from

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Speaker 1: a much different perspective than Biden, obviously in Buddha Jedge.

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Speaker 1: But is this going to work in terms of Elizabeth

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Speaker 1: Warren navigating the crowded Democratic presidential primary field. I mean, listen, uh,

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Speaker 1: Elizabeth Warren was always going to be painted as a

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Speaker 1: tax and spin liberal. Um. I think if she came

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Speaker 1: out with a plan that was half the cost, or

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Speaker 1: if she didn't even name a number on the plan,

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Speaker 1: that's what she was gonna be slapped with. I don't

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Speaker 1: think this fundamentally changes the race in any way. I

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Speaker 1: think that we all knew that Elizabeth Warren was gonna

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Speaker 1: go big or go home on a on a Medicare

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Speaker 1: for all plans, just like she's gonna go bigger, go

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Speaker 1: all on everything because she's all about big structural change.

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Speaker 1: Let me push you on this job. But does medicare

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Speaker 1: for all? Is Medicare for all a viable political policy position,

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Speaker 1: not for a candidates platform, but for the party's platform.

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Speaker 1: I am old enough to remember when John Edwards was

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Speaker 1: careful who I worked for in two thousand and seven,

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Speaker 1: John Edwards and Elizabeth that words, God Rest her soul

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Speaker 1: pushed the Democratic field to the left on what would

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Speaker 1: become Obamacare. That was a that was an outlier position

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Speaker 1: in a Democratic party twelve year years ago. That was

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Speaker 1: something that happened in the primary. And that's what primaries

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Speaker 1: are for their laboratories, where parties decide what their values are.

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Speaker 1: The Democratic parties deciding what their values are on this.

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Speaker 1: It very well may end up that Medicare for all

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Speaker 1: is the Democratic position, but they're having a very active

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Speaker 1: discussion about it. I think it's healthy. Do union workers

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Speaker 1: in Pennsylvania where I'm from, in Ohio, in Wisconsin, Michigan, Florida.

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Speaker 1: Do Union Workers SERI Kim want Medicare for All? Absolutely not.

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Speaker 1: I mean, here's here's the two problems with Elizabeth Warren's

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Speaker 1: Medicare for All plan. One. Currently the United States healthcare

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Speaker 1: system costs fifty one trillion dollars. You implement Elizabeth Warren's

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Speaker 1: Medicare for All plan fifty four trillion dollars. That's her number,

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Speaker 1: that's not my number. And she also writes, when you

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Speaker 1: think about pay force and how that works, you're gonna

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Speaker 1: take a three percent billionaire attacks to six percent. And

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Speaker 1: here's why Union workers doesn't like it. You're gonna get

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Speaker 1: rid of all union plans and the federal government it

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Speaker 1: that currently has acent waste for an abuse in Medicare,

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Speaker 1: that currently can't collect six hundred billion dollars worth of

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Speaker 1: taxes every year, that currently make sure that million Americans

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Speaker 1: doesn't have healthcare, even though Obamacare was passed so that

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Speaker 1: every American can have healthcare. That's what you want from

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Speaker 1: Medicare for All. Hey, I'm happy to have her talk

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Speaker 1: about it all day every day, because I want to

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Speaker 1: go back to the White House. I I have been

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Speaker 1: working in government, in and around government for fifteen years.

427
00:23:26,640 --> 00:23:30,040
Speaker 1: I remember when Trent Lott was the majority leader. Okay,

428
00:23:30,400 --> 00:23:32,520
Speaker 1: Republicans in the time that I have been in government

429
00:23:32,600 --> 00:23:38,040
Speaker 1: have never articulated a plan around healthcare. Democrats have articulated

430
00:23:38,520 --> 00:23:42,280
Speaker 1: a plan around healthcare that became Obamacare and have now

431
00:23:42,320 --> 00:23:44,560
Speaker 1: committed the last and I have now committed the last

432
00:23:44,600 --> 00:23:47,120
Speaker 1: half decade and trying how how to fix and how

433
00:23:47,119 --> 00:23:52,880
Speaker 1: to plus up Obamacare. How about Romney Care? Okay? Fine?

434
00:23:52,960 --> 00:23:54,960
Speaker 1: Did is that? Is that a stock? Is that a

435
00:23:55,320 --> 00:23:58,240
Speaker 1: Is that a stock Republican position? But also Senator John

436
00:23:58,280 --> 00:24:01,600
Speaker 1: McCain advocated for cross state lines with regards has the

437
00:24:01,680 --> 00:24:07,560
Speaker 1: leaders of the Republican Has the leadership of the Republican

438
00:24:07,600 --> 00:24:11,320
Speaker 1: Party ever made like healthcare like a priority? No? I

439
00:24:11,800 --> 00:24:15,359
Speaker 1: understand the point priority when they want to take all Right, listen,

440
00:24:15,520 --> 00:24:18,520
Speaker 1: let's let's listen to Senator Elizabeth Warren defending her healthcare

441
00:24:18,560 --> 00:24:22,840
Speaker 1: plan because she now is once again having a debate

442
00:24:22,920 --> 00:24:25,720
Speaker 1: on her terms. Whether the Democrats, whether Biden likes it,

443
00:24:25,800 --> 00:24:28,800
Speaker 1: whether Buddha Jedge likes it, Bernie likes it, whether any

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00:24:28,800 --> 00:24:31,320
Speaker 1: of them like it. She almost said better, he dropped

445
00:24:31,280 --> 00:24:34,440
Speaker 1: off Friday, um. But whether any of them like it,

446
00:24:34,840 --> 00:24:38,679
Speaker 1: her plans are driving the conversation. Her plans are in

447
00:24:38,720 --> 00:24:42,040
Speaker 1: the democratic ecosystem of media. Take a listen to Elizabeth

448
00:24:42,080 --> 00:24:45,080
Speaker 1: Warren defending the Medicare for All plans. We are currently

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00:24:45,160 --> 00:24:48,880
Speaker 1: on a path that is going to cost Americans eleven

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00:24:49,400 --> 00:24:52,200
Speaker 1: trillion dollars over the next ten years. They're going to

451
00:24:52,280 --> 00:24:55,199
Speaker 1: reach in their pockets over and over and over to

452
00:24:55,280 --> 00:25:00,640
Speaker 1: pay deductibles. So they're Senator Elizabeth Warren speaking earlier in Davenpor, Iowa.

453
00:25:01,480 --> 00:25:06,760
Speaker 1: And Mayor Pete buddhaj Edge is now emerging as taking

454
00:25:06,920 --> 00:25:10,960
Speaker 1: I guess having sharper elbows now that he's being perceived

455
00:25:11,040 --> 00:25:14,240
Speaker 1: or maybe he's trying to perceive himself as the alternative

456
00:25:14,280 --> 00:25:16,480
Speaker 1: to Joe Biden, who really is yet to dip in

457
00:25:16,600 --> 00:25:19,720
Speaker 1: national polls. Take a listen to Pete Buddha judge. What

458
00:25:19,920 --> 00:25:23,640
Speaker 1: is just not true is that hers is the only solution,

459
00:25:23,680 --> 00:25:26,520
Speaker 1: this my way or the highway idea that either you're

460
00:25:26,600 --> 00:25:29,600
Speaker 1: for kicking everybody off their private plans in four years

461
00:25:30,000 --> 00:25:32,679
Speaker 1: or you're for business as usual. It's just not true.

462
00:25:32,840 --> 00:25:36,040
Speaker 1: I'm proposing medicare for all who wanted That was pee

463
00:25:36,040 --> 00:25:39,919
Speaker 1: Boodha Jedge speaking on ABC this week. Uh, Sarry, what

464
00:25:40,040 --> 00:25:43,720
Speaker 1: do you make of Buddha Jedge and his ascent now

465
00:25:43,880 --> 00:25:47,200
Speaker 1: that the race is getting closer to Iowa. I think

466
00:25:47,240 --> 00:25:50,320
Speaker 1: the ascent of Pete Buddha speaks to one thing. Ah,

467
00:25:50,880 --> 00:25:54,240
Speaker 1: you are seeing a generational gap. You have a seventy

468
00:25:54,280 --> 00:25:56,439
Speaker 1: eight year old and almost eight year old and a

469
00:25:56,520 --> 00:25:58,920
Speaker 1: seventy year old who has top tier. They are talking

470
00:25:58,960 --> 00:26:02,720
Speaker 1: about issues that Joel, you, Christine, me, and the forty

471
00:26:02,800 --> 00:26:06,360
Speaker 1: million Americans have no concern about. There has to be

472
00:26:06,440 --> 00:26:10,560
Speaker 1: an idea of next generation healthcare, next generation defense, next

473
00:26:10,600 --> 00:26:13,720
Speaker 1: generation foreign affairs. And this is why Andrew Yang is

474
00:26:13,760 --> 00:26:17,040
Speaker 1: the most important voice that people should pay attention to. Well, yeah,

475
00:26:17,320 --> 00:26:20,600
Speaker 1: we talked about him. Peeple to judge Joel Pain as

476
00:26:20,640 --> 00:26:24,040
Speaker 1: an alternative to Joe Biden, who's fundraising numbers have dipped,

477
00:26:24,040 --> 00:26:28,200
Speaker 1: whose national polling has not dipped, but has dipped in

478
00:26:28,280 --> 00:26:31,720
Speaker 1: early caucus and primary states. People to judge where is

479
00:26:31,720 --> 00:26:33,800
Speaker 1: is he now as a as an alternative to Joe Biden.

480
00:26:33,840 --> 00:26:35,560
Speaker 1: I don't fee him an alternative to Joe Biden. I

481
00:26:35,640 --> 00:26:38,520
Speaker 1: view him as a real threat to win the Democratic nomination.

482
00:26:38,920 --> 00:26:41,560
Speaker 1: I the part that I agree with Syrian is that

483
00:26:41,920 --> 00:26:45,600
Speaker 1: his generational him being able to differate, differentiate himself because

484
00:26:45,720 --> 00:26:47,879
Speaker 1: he does come from a different generation. That is a

485
00:26:47,960 --> 00:26:51,040
Speaker 1: unique quality that he has in the democratic field. Also,

486
00:26:51,240 --> 00:26:53,200
Speaker 1: I do think that somebody who comes from that part

487
00:26:53,240 --> 00:26:55,480
Speaker 1: of the country and who is the political athlete that

488
00:26:55,480 --> 00:26:58,600
Speaker 1: Pete Buddha Judges, and I mean that guy is unbelievable

489
00:26:58,640 --> 00:27:00,880
Speaker 1: on the snump. If you this grout what he's saying,

490
00:27:01,160 --> 00:27:05,040
Speaker 1: he is a virtuoso on the stuff. Yes, he is

491
00:27:05,080 --> 00:27:07,119
Speaker 1: better than Joe Biden on the stump right now. But

492
00:27:07,359 --> 00:27:10,240
Speaker 1: he obviously has to prove that he can win primaries

493
00:27:10,280 --> 00:27:13,480
Speaker 1: and put together a winning coalition, particularly a coalition that

494
00:27:13,520 --> 00:27:16,800
Speaker 1: includes African American voters. Can he do? I think he can.

495
00:27:17,119 --> 00:27:19,200
Speaker 1: I think I think what a lot of voters, particularly

496
00:27:19,240 --> 00:27:22,480
Speaker 1: African American voters, that those constituencies in the Democratic primary

497
00:27:22,520 --> 00:27:24,359
Speaker 1: field are looking for as a winner, and if they

498
00:27:24,400 --> 00:27:26,800
Speaker 1: see somebody who can win in those early states, I

499
00:27:26,840 --> 00:27:30,040
Speaker 1: think that you'll see that thaw in Buddha Judges African

500
00:27:30,080 --> 00:27:32,600
Speaker 1: American support. You know what else they said, I when

501
00:27:32,600 --> 00:27:36,639
Speaker 1: I covered the crowded primary tech cruises camp would always

502
00:27:36,680 --> 00:27:39,879
Speaker 1: say Trump will never win. Evangelicals and you know what happened?

503
00:27:39,920 --> 00:27:42,960
Speaker 1: Trump wont evangelicals coming up? What's on the Panel's radar?

504
00:27:43,600 --> 00:27:47,080
Speaker 1: Panels stays, Sarai Kim, Joel Payne. Download the Bloomberg Sound

505
00:27:47,080 --> 00:27:49,560
Speaker 1: On podcast on Apple, it Tunes, at Bloomberg dot com,

506
00:27:49,800 --> 00:27:52,040
Speaker 1: or by downloading the Bloomberg Business App. You can also

507
00:27:52,080 --> 00:27:55,480
Speaker 1: find us on Radio dot Com, I Heart Radio, and Spotify.

508
00:27:55,560 --> 00:27:59,040
Speaker 1: I'm Kevin Cerelli, Chief Washington corresponded for Bloomberg Television and

509
00:27:59,080 --> 00:28:06,840
Speaker 1: Bloomberg Radio. Are listening to Bloomberg. This is Bloomberg Sound

510
00:28:06,920 --> 00:28:11,119
Speaker 1: On with Kevin Surley on Bloomberg one and one oh

511
00:28:11,240 --> 00:28:15,439
Speaker 1: five point seven FM h D two. I'm Kevin Curreli,

512
00:28:15,560 --> 00:28:19,080
Speaker 1: Chief Washington correspondent for Bloomberg Television of Bloomberg Radio. Time

513
00:28:19,119 --> 00:28:23,000
Speaker 1: now for what's on the Panel's radar. Sarah Kim's here

514
00:28:23,080 --> 00:28:26,600
Speaker 1: Republican strategists. Soon to be a Dallas resident, and I

515
00:28:26,680 --> 00:28:31,679
Speaker 1: guess that Dallas Cowboys fan. Let's not talk trash at

516
00:28:31,800 --> 00:28:34,560
Speaker 1: NFC East on my last day in Washington, d C.

517
00:28:34,840 --> 00:28:37,320
Speaker 1: It's about your last day. I mean, my last day

518
00:28:37,480 --> 00:28:39,719
Speaker 1: is the last time I come on Bloomberg Radio. It's

519
00:28:39,720 --> 00:28:44,280
Speaker 1: the official DC Resident. Thank you. I appreciate that but okay,

520
00:28:44,440 --> 00:28:46,160
Speaker 1: I mean it's gonna be our new thing. Now you

521
00:28:46,360 --> 00:28:49,240
Speaker 1: kind of are moving to the never mind. Joel Payne,

522
00:28:49,240 --> 00:28:52,080
Speaker 1: Democratic strategist, is here. We're gonna do what's on the

523
00:28:52,080 --> 00:28:54,320
Speaker 1: panels radar. But I've got to just flag this story

524
00:28:54,440 --> 00:28:57,720
Speaker 1: because President Trump and the administration lost a key court

525
00:28:57,760 --> 00:29:00,520
Speaker 1: battle and they're gonna take this court is all the

526
00:29:00,520 --> 00:29:04,600
Speaker 1: way to the U. S. Supreme Court. It's about his taxes. Now,

527
00:29:04,640 --> 00:29:07,760
Speaker 1: a court ruling that a compliance company in the financial

528
00:29:07,760 --> 00:29:11,600
Speaker 1: services industry is going to have to release the tax

529
00:29:11,880 --> 00:29:15,680
Speaker 1: data and records of President Trump. The president's legal team

530
00:29:15,760 --> 00:29:17,600
Speaker 1: saying not so fast. They're gonna appeal this to the

531
00:29:17,600 --> 00:29:20,280
Speaker 1: Supreme Court. But we don't know is whether or not

532
00:29:20,360 --> 00:29:22,920
Speaker 1: the Supreme Court is going to take up the case.

533
00:29:23,000 --> 00:29:25,920
Speaker 1: But we will be carefully monitoring this. I can tell

534
00:29:25,960 --> 00:29:28,640
Speaker 1: you that talk to sources all throughout the past couple

535
00:29:28,680 --> 00:29:31,000
Speaker 1: of years who say that President Trump is not going

536
00:29:31,040 --> 00:29:34,120
Speaker 1: to give up those tax returns unless the Supreme Court

537
00:29:34,200 --> 00:29:37,680
Speaker 1: would would make him do so. So we're monitoring that.

538
00:29:38,360 --> 00:29:42,200
Speaker 1: Now it's time for what's on the Panel's radar, Serry,

539
00:29:42,400 --> 00:29:45,160
Speaker 1: what's on your radar? What's on my radar? Is the

540
00:29:45,200 --> 00:29:47,960
Speaker 1: latest round on pulling came out in the six quote

541
00:29:48,000 --> 00:29:51,720
Speaker 1: unquote news swing states, including Wisconsin, Pennsylvania, and Florida, and

542
00:29:51,760 --> 00:29:54,800
Speaker 1: they said that it was all leaning towards Trump. However,

543
00:29:54,840 --> 00:30:00,400
Speaker 1: they left out the upolupoled Well, oh New York Times,

544
00:30:00,880 --> 00:30:03,040
Speaker 1: am I allowed to say it as a Republican since

545
00:30:03,080 --> 00:30:08,360
Speaker 1: we stop the subscription of the For the record, you're

546
00:30:08,400 --> 00:30:12,120
Speaker 1: the only one laughing, yes, Um, But but they left

547
00:30:12,120 --> 00:30:15,760
Speaker 1: out the most important state, Ohio. Since nineteen forty four,

548
00:30:16,000 --> 00:30:20,760
Speaker 1: Ohio has correctly predicted every presidential election except for one,

549
00:30:20,840 --> 00:30:23,520
Speaker 1: which was Nixon Kennedy in nineteen sixty. And I think

550
00:30:23,560 --> 00:30:25,280
Speaker 1: maybe the New York Times didn't want to put it

551
00:30:25,320 --> 00:30:29,000
Speaker 1: in because President Trump wont Ohio by eight over Hillary Clinton,

552
00:30:29,040 --> 00:30:32,120
Speaker 1: and he is currently leading by double digits a state

553
00:30:32,200 --> 00:30:36,080
Speaker 1: that has seen twenty three point eight billion dollars of

554
00:30:36,200 --> 00:30:39,440
Speaker 1: economic growth since he's been elected. I think those numbers

555
00:30:39,440 --> 00:30:41,440
Speaker 1: are hard to beat when even if you look at

556
00:30:41,440 --> 00:30:44,600
Speaker 1: all the other tertiary things like Roger Stone's tild coming out.

557
00:30:44,680 --> 00:30:47,239
Speaker 1: I could nerd out about about polls all day, but

558
00:30:47,280 --> 00:30:49,600
Speaker 1: we're gonna leave it there. That's fascinating poll data, Joel,

559
00:30:49,600 --> 00:30:52,960
Speaker 1: what's on your radar? Well? Um on the impeachment front,

560
00:30:53,040 --> 00:30:58,160
Speaker 1: one of the Juliani kind of to live has agreed

561
00:30:58,200 --> 00:31:02,239
Speaker 1: to cooperate with the breaking news, breaking news, as we

562
00:31:02,240 --> 00:31:05,080
Speaker 1: were on the air here, and obviously that's a big deal,

563
00:31:05,120 --> 00:31:07,200
Speaker 1: and we were talking earlier about what the game changers

564
00:31:07,200 --> 00:31:09,600
Speaker 1: could be. Listen, something like that could be a game change.

565
00:31:09,640 --> 00:31:12,680
Speaker 1: How what's he gonna say that's different? We don't know.

566
00:31:13,280 --> 00:31:14,840
Speaker 1: I mean, and I'm hearing from my sources on the

567
00:31:14,880 --> 00:31:19,280
Speaker 1: Hill that we're gonna get these public hearings sometime around Thanksgiving, which, hey,

568
00:31:19,400 --> 00:31:22,240
Speaker 1: if there's a partial government shutdown, folks, can you imagine

569
00:31:22,240 --> 00:31:26,120
Speaker 1: that impeachment hearings, government shutdown Turkey Holiday, It's gonna be

570
00:31:26,160 --> 00:31:28,920
Speaker 1: a mess. Here's it is from Reuter's Rudy Giuliani associate

571
00:31:29,000 --> 00:31:32,880
Speaker 1: ready to comply with the impeachment probe, according to his attorney,

572
00:31:33,000 --> 00:31:37,040
Speaker 1: Leve partisan indicted Ukrainian American businessman who has ties to

573
00:31:37,080 --> 00:31:41,320
Speaker 1: President Donald Trump's personal lawyer, Giuliani now prepared to comply

574
00:31:41,800 --> 00:31:47,800
Speaker 1: with requests for records and testimony from Congressional impeachment investigators.

575
00:31:47,800 --> 00:31:51,440
Speaker 1: His lawyer told Reuters on Monday, Alright, so Giuliani's people

576
00:31:51,440 --> 00:31:55,880
Speaker 1: are now talking, Uh, what's on my radar. I'm gonna

577
00:31:55,880 --> 00:31:58,160
Speaker 1: go for it, President shi jing Ping, because again we

578
00:31:58,200 --> 00:32:00,840
Speaker 1: said this earlier, it bears repeating. The markets did not

579
00:32:01,000 --> 00:32:04,479
Speaker 1: blink and they haven't been blinking at all on the

580
00:32:04,520 --> 00:32:08,600
Speaker 1: impeachment data. What they are watching as President shi Jingping

581
00:32:08,680 --> 00:32:11,560
Speaker 1: because he is expected to renew his pledge to open

582
00:32:11,680 --> 00:32:15,560
Speaker 1: China's markets as the country inches towards a trade deal

583
00:32:15,920 --> 00:32:20,440
Speaker 1: with US President Donald Trump. That was confidence for the street. President.

584
00:32:20,560 --> 00:32:24,240
Speaker 1: She spoke at the start of a trade exmo within

585
00:32:24,280 --> 00:32:28,280
Speaker 1: the last twelve hours in Shanghai, and this was the

586
00:32:28,360 --> 00:32:33,760
Speaker 1: Chinese president's first opportunity to address global investors since the

587
00:32:33,840 --> 00:32:37,840
Speaker 1: world's two largest economies resumed trade talks in September. So

588
00:32:37,960 --> 00:32:41,360
Speaker 1: he had a positive rhetorical approach. And let's just go

589
00:32:41,440 --> 00:32:44,280
Speaker 1: over some of the key tenants of Phase one of

590
00:32:44,320 --> 00:32:47,600
Speaker 1: the U S. China trade deal. One, China would buy

591
00:32:47,640 --> 00:32:51,200
Speaker 1: more agricultural purchases from farmers here in the United States

592
00:32:51,240 --> 00:32:55,080
Speaker 1: to the Chinese would open up their financial services sector

593
00:32:55,160 --> 00:32:58,800
Speaker 1: to American businesses. And three, and this is a big

594
00:32:58,800 --> 00:33:01,640
Speaker 1: one for both China and the United States, and that

595
00:33:01,840 --> 00:33:05,880
Speaker 1: is that those December mid December tariffs that President Trump

596
00:33:05,960 --> 00:33:10,000
Speaker 1: has threatened would be off the table, So we're carefully

597
00:33:10,040 --> 00:33:14,040
Speaker 1: monitoring that obviously political implications. Can you imagine, Sara quickly,

598
00:33:14,240 --> 00:33:17,400
Speaker 1: if President Trump inks that trade deal in Iowa, it's

599
00:33:17,400 --> 00:33:20,520
Speaker 1: gonna happen, Terry Brand, is it gonna happen? Joel? Last word,

600
00:33:21,280 --> 00:33:28,400
Speaker 1: it's it might better than sure. Thank you to Saray. Hey, Sarah,

601
00:33:28,440 --> 00:33:32,720
Speaker 1: you're welcome anytime when you're back from Cowboy. There we go.

602
00:33:32,960 --> 00:33:35,800
Speaker 1: Can't bring us some barbecue, Joel. Thanks, and I'll see

603
00:33:35,840 --> 00:33:38,840
Speaker 1: in Atlanta. Um, that's it for me. I'm Kevin Sairli

604
00:33:38,920 --> 00:33:42,680
Speaker 1: Chief watching a correspondent from Bloomberg Television Bloomberg Radio. Don

605
00:33:42,760 --> 00:33:44,640
Speaker 1: Junior is on tomorrow. Tune in Bloomberg