1 00:00:00,560 --> 00:00:03,240 Speaker 1: Live from our nation's camera. This budget thing is going 2 00:00:03,279 --> 00:00:05,720 Speaker 1: to do nothing space forces. I still think it's interesting 3 00:00:05,760 --> 00:00:09,119 Speaker 1: President Trump not playing his cards yet headlines Policy and 4 00:00:09,240 --> 00:00:14,600 Speaker 1: politics colliding sound on with Kevin's related the insiders, the influencers, 5 00:00:14,800 --> 00:00:17,600 Speaker 1: the insides. I would rather see a congressional solution. It's 6 00:00:17,640 --> 00:00:20,520 Speaker 1: part of my DNA. The Senate map in looks a 7 00:00:20,600 --> 00:00:22,919 Speaker 1: lot different than it looked in You really have a 8 00:00:22,920 --> 00:00:26,239 Speaker 1: divide within Team Trump. The President has to do exactly 9 00:00:26,280 --> 00:00:27,800 Speaker 1: what people send him here to do, which is to 10 00:00:27,840 --> 00:00:31,440 Speaker 1: get it done. He is sound on with Kevin's Really 11 00:00:31,720 --> 00:00:35,120 Speaker 1: on Bloomberg one and one oh five point seven a 12 00:00:35,320 --> 00:00:38,800 Speaker 1: m h D two, Baltimore. I just left the State's 13 00:00:38,880 --> 00:00:42,880 Speaker 1: Apartment for a sit down with the Secretary of State 14 00:00:43,120 --> 00:00:46,960 Speaker 1: Mike Pompeo. I will bring you my two part interview 15 00:00:47,080 --> 00:00:49,760 Speaker 1: coming up this hour. We talk on a wide ranging 16 00:00:50,800 --> 00:00:55,760 Speaker 1: topic list everything from North Korea, Huawei, to this situation 17 00:00:55,880 --> 00:01:00,320 Speaker 1: going on in Hong Kong and yes, Iran Iran, whether 18 00:01:00,440 --> 00:01:02,840 Speaker 1: or not he'll ever travel to Tehran despite all of 19 00:01:02,880 --> 00:01:07,400 Speaker 1: the back and forth, and maybe even in the future, 20 00:01:07,520 --> 00:01:10,920 Speaker 1: will it be Senator Mike Pompeio. I will bring you 21 00:01:11,000 --> 00:01:13,520 Speaker 1: all of that. I'm Kevin Surley, Chief Washington correspondent from 22 00:01:13,520 --> 00:01:16,480 Speaker 1: Bloomberg TV and Bloomberg Radio. It was a busy, busy 23 00:01:16,600 --> 00:01:19,400 Speaker 1: day for the markets, a busy day internationally and yes 24 00:01:19,400 --> 00:01:22,160 Speaker 1: here in Washington. Nancy Lions catch us up to speed 25 00:01:22,240 --> 00:01:24,960 Speaker 1: on everything going on in the headlines. Well, I won't 26 00:01:25,000 --> 00:01:28,280 Speaker 1: give you everything, but I'll try. Democrats are marking two 27 00:01:28,600 --> 00:01:31,640 Speaker 1: days since taking over the majority in the House of Representatives. 28 00:01:31,640 --> 00:01:35,560 Speaker 1: Since then, they've passed fifty major bills, including legislation driving 29 00:01:35,600 --> 00:01:39,959 Speaker 1: down prescription drug costs, raising worker paychecks, and cutting government corruption. 30 00:01:40,280 --> 00:01:43,480 Speaker 1: Congressman David Cicilyn says it's now time for the Senate 31 00:01:43,520 --> 00:01:46,840 Speaker 1: to act. All of those bills are sitting on Mitch 32 00:01:46,920 --> 00:01:49,560 Speaker 1: McConnell's desk, and the President and Mitch McConnell need to 33 00:01:49,560 --> 00:01:51,360 Speaker 1: get to work to bring those bills to the Senate 34 00:01:51,400 --> 00:01:54,280 Speaker 1: floor so we can complete our work for the American people. 35 00:01:54,640 --> 00:01:58,160 Speaker 1: Not emphasized today by the Democrats was yesterday's testimony by 36 00:01:58,200 --> 00:02:02,400 Speaker 1: former Special Counsel Rombert Muller. The Senate Intelligence Committee today 37 00:02:02,480 --> 00:02:06,320 Speaker 1: recounted extensive efforts by Russia to compromise the US election 38 00:02:06,400 --> 00:02:10,720 Speaker 1: infrastructure from two thousand fourteen to at least twenty seventeen, 39 00:02:10,880 --> 00:02:13,760 Speaker 1: and they urged new efforts to deter the threat with 40 00:02:13,840 --> 00:02:17,560 Speaker 1: twenty just around the corner. The report recommends using paper 41 00:02:17,560 --> 00:02:22,239 Speaker 1: ballots and optical scanners and preventing any wireless networking capability 42 00:02:22,240 --> 00:02:26,240 Speaker 1: in voting machines. It did recommend against the new trend 43 00:02:26,280 --> 00:02:30,400 Speaker 1: toward online voting. A full honors welcome ceremony at the 44 00:02:30,400 --> 00:02:33,400 Speaker 1: Pentagon today for new Defense Secretary Mark Esper. He was 45 00:02:33,440 --> 00:02:36,440 Speaker 1: confirmed to the post this week. It ends the longest 46 00:02:36,480 --> 00:02:39,160 Speaker 1: period in Pentagon history the agency had been without a 47 00:02:39,160 --> 00:02:43,320 Speaker 1: confirmed leader. President Trump and Vice President Pence were in attendance, 48 00:02:43,400 --> 00:02:46,280 Speaker 1: and Esper thanked the President for choosing him. It is 49 00:02:46,320 --> 00:02:49,000 Speaker 1: an honor of a lifetime to be appointed Secretary Defense 50 00:02:49,440 --> 00:02:52,359 Speaker 1: and to lead the greatest military in history, and I'm 51 00:02:52,440 --> 00:02:55,239 Speaker 1: specially humbled that you would be here today to celebrate 52 00:02:55,280 --> 00:02:58,360 Speaker 1: this occasion. Esper is a former Secretary of the Army 53 00:02:58,440 --> 00:03:02,840 Speaker 1: who also worked as a fence industry lobbyist. DC's first 54 00:03:02,880 --> 00:03:05,519 Speaker 1: new homeless family shelter has been opened nearly a year, 55 00:03:05,560 --> 00:03:09,040 Speaker 1: but some subcontractors are still waiting to get paid. The 56 00:03:09,080 --> 00:03:11,480 Speaker 1: shelter in Northwest known as the Kennedy, as part of 57 00:03:11,480 --> 00:03:14,680 Speaker 1: a network of planned smaller facilities to replace DC General 58 00:03:14,720 --> 00:03:18,600 Speaker 1: homeless shelter. The Washington Post reports the subcontractors that furnished 59 00:03:18,600 --> 00:03:21,320 Speaker 1: the new shelter, built its heating and air conditioning system, 60 00:03:21,440 --> 00:03:24,679 Speaker 1: and did the landscaping, say the general contractor has yet 61 00:03:24,720 --> 00:03:27,960 Speaker 1: to pay them. In February, DC threatened to band Fifth 62 00:03:28,000 --> 00:03:31,960 Speaker 1: Street Partners and Mosley Construction from receiving new city contracts, 63 00:03:32,160 --> 00:03:35,160 Speaker 1: but could not say how many claims are outstanding. Amy 64 00:03:35,200 --> 00:03:38,040 Speaker 1: Moore as Bloomberg one and one oh five point seven 65 00:03:38,040 --> 00:03:41,440 Speaker 1: f m HD two Woodstock fifty Festival will not be 66 00:03:41,520 --> 00:03:44,200 Speaker 1: taking place in Upstate New York, where the original event 67 00:03:44,240 --> 00:03:47,880 Speaker 1: was held, Bloomberg has learned. Instead, it's slated to take 68 00:03:47,920 --> 00:03:52,280 Speaker 1: place at the Merryweather Post Pavilion August sixteenth through the eighteenth, 69 00:03:52,600 --> 00:03:56,040 Speaker 1: the venue you can hold about thirty two folks. Organizers 70 00:03:56,040 --> 00:03:58,600 Speaker 1: of wood Stock fifty have been scrambling to save the 71 00:03:58,680 --> 00:04:02,920 Speaker 1: festival after their main financier backed out and local officials 72 00:04:02,920 --> 00:04:05,840 Speaker 1: in Upstate New York refused to approve a permit. In 73 00:04:05,840 --> 00:04:09,400 Speaker 1: an afternoon game, it is scoreless between the Nationals and 74 00:04:09,480 --> 00:04:13,360 Speaker 1: the Rockies. Time now for the Beltway Business Report. Here 75 00:04:13,440 --> 00:04:16,640 Speaker 1: is Bloomberg's Larry Kovski Well Nancy stocks ended lower as 76 00:04:16,680 --> 00:04:20,400 Speaker 1: the quarterly earnings parade continued. That Now Jones Industrial average 77 00:04:20,440 --> 00:04:24,240 Speaker 1: slump one s and P five hundred, felt fifteen and 78 00:04:24,360 --> 00:04:28,240 Speaker 1: has that composite lost two. Alphabet is up about eight 79 00:04:28,279 --> 00:04:31,479 Speaker 1: and a half percent after hours. The Google parent reported 80 00:04:31,480 --> 00:04:36,279 Speaker 1: revenue that beat expectations, easing worries about slowing growth. Sales 81 00:04:36,320 --> 00:04:40,320 Speaker 1: climbed eighteen percent from last year. Amazon is lower after 82 00:04:40,360 --> 00:04:44,080 Speaker 1: big spending on faster shipping dented its second quarter earnings. 83 00:04:44,360 --> 00:04:48,800 Speaker 1: Profits fell short of expectations even as revenue jumped from 84 00:04:48,880 --> 00:04:52,279 Speaker 1: last year. Amazon is down two percent in Lake trading. 85 00:04:52,760 --> 00:04:55,480 Speaker 1: Soaring sales in China and the US like the jolt 86 00:04:55,560 --> 00:04:58,400 Speaker 1: of caffeine to Starbucks shares. The stock up more than 87 00:04:58,480 --> 00:05:01,840 Speaker 1: five percent after hours. Is the coffee chain reported it's 88 00:05:01,880 --> 00:05:05,440 Speaker 1: best sales growth in three years. It also raised its 89 00:05:05,440 --> 00:05:09,600 Speaker 1: full year outlook. Apple is buying Intel cellular modem business. 90 00:05:09,720 --> 00:05:13,920 Speaker 1: The deal value that a billion dollars. The Bloomberg on Washington, 91 00:05:14,000 --> 00:05:16,760 Speaker 1: d C. Area stock index gain two tenths of one 92 00:05:16,839 --> 00:05:19,440 Speaker 1: percent euro up to date on business from the Beltway 93 00:05:19,440 --> 00:05:23,200 Speaker 1: to Baltimore. I'm Larry Kowsky. This is Bloomberg nine one 94 00:05:23,560 --> 00:05:26,640 Speaker 1: one oh five point seven f m HD two. Thanks Larry. 95 00:05:26,640 --> 00:05:29,480 Speaker 1: Global News twenty four hours a day on air and 96 00:05:29,600 --> 00:05:33,440 Speaker 1: at TikTok on Twitter, powered by more than twenty journalists 97 00:05:33,440 --> 00:05:35,520 Speaker 1: and analyst and more than a hundred and twenty countries 98 00:05:35,560 --> 00:05:38,720 Speaker 1: on Nancy allions back to you, Kevin, Thank you, Nancy. 99 00:05:38,760 --> 00:05:42,159 Speaker 1: I was just inside of the Benjamin Franklin Room in 100 00:05:42,279 --> 00:05:46,359 Speaker 1: the State Department. This is the room where they host 101 00:05:46,480 --> 00:05:50,120 Speaker 1: I guess, dignitaries, they have foreign events. It's a very 102 00:05:50,240 --> 00:05:54,600 Speaker 1: ornate room. A portrait of sweeping oil portrait of Benjamin Franklin, 103 00:05:54,640 --> 00:05:58,599 Speaker 1: Philadelphia's finest. And we had an exclusive a sit down 104 00:05:58,640 --> 00:06:02,560 Speaker 1: interview with Secretary of Date Mike Pompeo, a wide ranging 105 00:06:02,640 --> 00:06:06,440 Speaker 1: conversation and well, I'll play part one of it right now. 106 00:06:06,480 --> 00:06:09,680 Speaker 1: Here is my my interview with Secretary of State Mike Pompeo. 107 00:06:09,839 --> 00:06:12,960 Speaker 1: The situation in Iran has appeared to be escalating in 108 00:06:13,040 --> 00:06:16,000 Speaker 1: recent weeks, the US shooting down at least one drone 109 00:06:16,240 --> 00:06:20,160 Speaker 1: of ron seizing a British flagged oil tanker. Is this 110 00:06:20,240 --> 00:06:23,520 Speaker 1: situation getting back on track or is it still intensifying? 111 00:06:24,160 --> 00:06:27,360 Speaker 1: You know, it's always important to remember the history. This 112 00:06:27,400 --> 00:06:30,560 Speaker 1: is it seems like escalation because there's been stories in 113 00:06:30,600 --> 00:06:33,560 Speaker 1: the news, but this is forty years. Forty years of 114 00:06:33,680 --> 00:06:37,760 Speaker 1: malign behavior. So whether it was UH seizing a British 115 00:06:37,800 --> 00:06:41,120 Speaker 1: tanker that was an international waters or shooting down an 116 00:06:41,120 --> 00:06:45,760 Speaker 1: American uavy that was also in international airspace, or assassination 117 00:06:45,760 --> 00:06:47,960 Speaker 1: campaigns in Europe, are trying to kill an ambassador here 118 00:06:47,960 --> 00:06:51,279 Speaker 1: in the United States. Iran has this long history of 119 00:06:51,360 --> 00:06:54,440 Speaker 1: malign behavior, and so our mission set when we came 120 00:06:54,480 --> 00:06:56,840 Speaker 1: in was to create as much toil in the Middle 121 00:06:56,839 --> 00:06:59,960 Speaker 1: East as we could. We watched Iran engaging in this behavior. 122 00:07:00,040 --> 00:07:02,960 Speaker 1: We had a terrible deal that the previous administration had 123 00:07:03,080 --> 00:07:05,960 Speaker 1: entered into that had as one of its major side effects, 124 00:07:06,000 --> 00:07:09,279 Speaker 1: creating enormous wealth for the leadership inside of the Islamic 125 00:07:09,320 --> 00:07:11,680 Speaker 1: Republic of Iran, and they were using that wealth in 126 00:07:11,760 --> 00:07:13,400 Speaker 1: malign ways. So we broke out of the deal. We 127 00:07:13,440 --> 00:07:16,040 Speaker 1: stopped giving the money. We put pressure on the Iranian regime, 128 00:07:16,360 --> 00:07:18,400 Speaker 1: and we're forcing them to make tough decisions about how 129 00:07:18,440 --> 00:07:22,280 Speaker 1: they're going to behave We want change in behavior from 130 00:07:22,280 --> 00:07:24,840 Speaker 1: the Iranian leadership so that the Iranian people can ultimately 131 00:07:24,880 --> 00:07:26,520 Speaker 1: get what it is they deserve. How do you get 132 00:07:26,560 --> 00:07:29,760 Speaker 1: that change in behavior. When foreign ministers a reff who 133 00:07:29,840 --> 00:07:33,360 Speaker 1: was in New York the other day is saying that 134 00:07:33,400 --> 00:07:37,560 Speaker 1: the sanctions are going to quote unquote backfire. What what 135 00:07:37,560 --> 00:07:39,800 Speaker 1: what do you how do you get that change in behavior? Yeah, 136 00:07:39,800 --> 00:07:42,080 Speaker 1: I mean foreign ministers, a reef is no more in 137 00:07:42,160 --> 00:07:43,920 Speaker 1: charge of what's going on in Iran than a man 138 00:07:43,960 --> 00:07:45,960 Speaker 1: in the moon. At the end of the day, this 139 00:07:46,000 --> 00:07:48,560 Speaker 1: is driven by the Ayatollah. He will be the ultimate 140 00:07:48,600 --> 00:07:51,880 Speaker 1: decision maker here on the I r GC. Cosum Sulamani 141 00:07:52,160 --> 00:07:54,920 Speaker 1: has the capacity to do all this activity that you're 142 00:07:54,920 --> 00:07:57,400 Speaker 1: talking about, all these seizure of ships, and the bad 143 00:07:57,440 --> 00:07:59,840 Speaker 1: behavior in the straits and the malign activities, all driven 144 00:08:00,400 --> 00:08:04,120 Speaker 1: by this I r j C. This could force leader. Uh. 145 00:08:04,120 --> 00:08:06,000 Speaker 1: Those are the two that are the decision maker. Those 146 00:08:06,040 --> 00:08:09,800 Speaker 1: are the people upon whom we're trying to apply sufficient 147 00:08:09,800 --> 00:08:12,360 Speaker 1: pressure to show them that the cost just isn't worth it, 148 00:08:12,440 --> 00:08:15,000 Speaker 1: to convince them that if they simply behave like a 149 00:08:15,000 --> 00:08:19,800 Speaker 1: normal nation, that the Iranian people can live normal lives. Sure, 150 00:08:20,200 --> 00:08:22,520 Speaker 1: if that's if that's the call, happily go there and 151 00:08:22,560 --> 00:08:26,040 Speaker 1: would you would you appear on Tehran television? Would welcome 152 00:08:26,080 --> 00:08:28,360 Speaker 1: the chance to speak directly the Iranian people. I've I've 153 00:08:28,400 --> 00:08:31,240 Speaker 1: talked about this before, uh Zarif gets the commery, comes 154 00:08:31,240 --> 00:08:33,440 Speaker 1: to New York, he drives around in the most wonderful 155 00:08:33,440 --> 00:08:36,319 Speaker 1: city in America. Uh and the and he speaks to 156 00:08:36,360 --> 00:08:39,480 Speaker 1: the media, talks to the American public, gets to put 157 00:08:39,800 --> 00:08:42,880 Speaker 1: Iranian propaganda out into the American airwaves. I'd like a 158 00:08:42,960 --> 00:08:45,760 Speaker 1: chance to go, not to propaganda, but speak the truth 159 00:08:45,800 --> 00:08:48,000 Speaker 1: to the Iranian people about what it is their leadership 160 00:08:48,320 --> 00:08:51,320 Speaker 1: has done and how it has harmed Iran. I think 161 00:08:51,480 --> 00:08:53,439 Speaker 1: I think the reason they won't permit that to happen 162 00:08:53,760 --> 00:08:55,880 Speaker 1: is because they know the truth as well. You know, 163 00:08:56,000 --> 00:08:59,120 Speaker 1: in terms of the economics of this situation, especially as 164 00:08:59,160 --> 00:09:03,480 Speaker 1: it pertains to oil in particular, the US recently, U 165 00:09:03,559 --> 00:09:07,520 Speaker 1: should sanctions against the state run energy company zoosen wrong 166 00:09:08,240 --> 00:09:12,319 Speaker 1: for violating and doing business with Iran. Are you concerned 167 00:09:12,320 --> 00:09:17,080 Speaker 1: about other nations, even potentially US allies, still doing business 168 00:09:17,440 --> 00:09:21,080 Speaker 1: with Iran uh in the oil market. So the sanctions 169 00:09:21,080 --> 00:09:23,760 Speaker 1: that we put in place apply to everyone. There were 170 00:09:23,840 --> 00:09:27,839 Speaker 1: equal opportunity with respect to our command, that is, h 171 00:09:28,040 --> 00:09:31,520 Speaker 1: thou shalt not create wealth for the Ayatollah and the 172 00:09:31,559 --> 00:09:34,880 Speaker 1: people who are killing others around the world, and so 173 00:09:34,960 --> 00:09:38,160 Speaker 1: this happened to be a Chinese vessel. UM. We have 174 00:09:38,200 --> 00:09:40,840 Speaker 1: a pretty good beat on where these ships are moving around. 175 00:09:40,840 --> 00:09:43,360 Speaker 1: We haven't seen our allies and partners. They have all 176 00:09:43,400 --> 00:09:48,120 Speaker 1: agreed to cooperate with this sanctions regime. But wherever we 177 00:09:48,200 --> 00:09:51,160 Speaker 1: find violations, we will do our level best to enforce 178 00:09:51,240 --> 00:09:55,120 Speaker 1: them completely and thoroughly. Speaking of sanctions, Senator Lindsey Graham 179 00:09:55,240 --> 00:09:58,199 Speaker 1: just saying with within the last few hours to Defense 180 00:09:58,280 --> 00:10:01,360 Speaker 1: one that he called the Turkish Foreign Minister and said, 181 00:10:01,400 --> 00:10:04,680 Speaker 1: if you don't activate the S four hundred that sanctions 182 00:10:04,760 --> 00:10:08,920 Speaker 1: won't be applied. Is that the position of the administration. Well, 183 00:10:09,040 --> 00:10:12,360 Speaker 1: I'm not going to talk about internal deliberations. We're all working, 184 00:10:12,400 --> 00:10:15,400 Speaker 1: everyone's working together to do our best. We made clear 185 00:10:15,440 --> 00:10:18,760 Speaker 1: to the Turks that the activation of the four um 186 00:10:18,920 --> 00:10:22,720 Speaker 1: is unacceptable. We've already taken the action of curtailing the 187 00:10:22,760 --> 00:10:25,640 Speaker 1: F thirty five program that was an important part of 188 00:10:25,640 --> 00:10:28,840 Speaker 1: what Turkey was doing. Uh, there could be more sanctions 189 00:10:28,840 --> 00:10:31,080 Speaker 1: to follow, but frankly, what we'd really like is the 190 00:10:31,160 --> 00:10:33,839 Speaker 1: S four not to become operational. That's our objective. It's 191 00:10:33,840 --> 00:10:36,360 Speaker 1: what we've been talking to the Turks about four months 192 00:10:36,360 --> 00:10:39,439 Speaker 1: and months we've told them that it's simply incompatible with 193 00:10:39,520 --> 00:10:43,080 Speaker 1: the F thirty five. They've taken delivery of some of 194 00:10:43,080 --> 00:10:46,680 Speaker 1: the components today and we're urging them to reconsider that decision. 195 00:10:47,120 --> 00:10:49,679 Speaker 1: That was part one of my interviews sit down with 196 00:10:50,040 --> 00:10:54,000 Speaker 1: Secretary of State Mike Pompeo coming up. We talked domestic politics, 197 00:10:54,000 --> 00:10:56,640 Speaker 1: will he run for Senate, as well as the situation 198 00:10:56,640 --> 00:10:59,480 Speaker 1: in Venezuela. You can download the sound on podcasts on 199 00:10:59,520 --> 00:11:02,240 Speaker 1: applli tunes, on Bloomberg dot com, or by downloading the 200 00:11:02,240 --> 00:11:04,880 Speaker 1: Bloomberg Business app. You can also find me on Radio 201 00:11:05,000 --> 00:11:09,000 Speaker 1: dot com, I Heart Radio and Spotify. I'm Kevin Cerelli 202 00:11:09,080 --> 00:11:11,120 Speaker 1: Bob Kuzaks here, editor in chief of The Hill. He'll 203 00:11:11,120 --> 00:11:17,880 Speaker 1: break down reaction for us. You're listening to Bloomberg. This 204 00:11:18,440 --> 00:11:24,520 Speaker 1: is Sound on with Kevin's related on Bloomberg and m 205 00:11:24,640 --> 00:11:29,400 Speaker 1: h D two Botimore breaking news headlines crossing the Bloomberg terminal. 206 00:11:29,480 --> 00:11:33,920 Speaker 1: Now House passes debt limit and budget deal, sending it 207 00:11:34,000 --> 00:11:38,200 Speaker 1: to the Senate. Will have more breakdown an analysis of 208 00:11:38,360 --> 00:11:42,240 Speaker 1: that vote and what it means that will now all 209 00:11:42,240 --> 00:11:45,200 Speaker 1: but likely be passed in the Senate. A two year 210 00:11:45,200 --> 00:11:48,880 Speaker 1: extension to raise the debt limit and budget deal, putting 211 00:11:49,040 --> 00:11:54,400 Speaker 1: this fight off, just this fight off until after presidential elections. 212 00:11:54,960 --> 00:11:57,960 Speaker 1: Coming up now, Part two of my sit down with 213 00:11:58,080 --> 00:12:01,160 Speaker 1: Secretary of State Mike Pompeo. I was at the State 214 00:12:01,160 --> 00:12:05,600 Speaker 1: Department just literally an hour ago conducting this wide ranging interview. 215 00:12:05,600 --> 00:12:08,320 Speaker 1: You can head the Bloomberg TV dot com and obviously 216 00:12:08,400 --> 00:12:10,720 Speaker 1: onto the Bloomberg terminal to see all of the stories 217 00:12:10,720 --> 00:12:13,360 Speaker 1: and analysis on this interview. But take a listen to 218 00:12:13,400 --> 00:12:17,400 Speaker 1: part two right now. Just within the last twenty four hours, 219 00:12:17,400 --> 00:12:20,560 Speaker 1: the North Korean's test firing two new short rain ballistic 220 00:12:20,640 --> 00:12:24,400 Speaker 1: missiles on Thursday. How does this impact the denuclearizations talks 221 00:12:24,400 --> 00:12:27,360 Speaker 1: with Kim John Noon. Look, everybody tries to get ready 222 00:12:27,360 --> 00:12:32,200 Speaker 1: for negotiations and create create leverage um and create risk 223 00:12:32,320 --> 00:12:35,880 Speaker 1: for the other side. President Trump has been incredibly consistent here. 224 00:12:36,200 --> 00:12:39,400 Speaker 1: We want diplomacy to work. We want Chairman Kim to 225 00:12:39,440 --> 00:12:41,640 Speaker 1: deliver on the promise that he made to President Trump, 226 00:12:41,640 --> 00:12:44,680 Speaker 1: which that he would denuclearize. I was there the day 227 00:12:44,720 --> 00:12:47,200 Speaker 1: they signed the document. I've had Chairman Kim tell me 228 00:12:47,200 --> 00:12:50,120 Speaker 1: this personally no less than half a dozen times. We 229 00:12:50,120 --> 00:12:52,959 Speaker 1: we remain convinced that there's a diplomatic way forward, a 230 00:12:53,000 --> 00:12:56,320 Speaker 1: negotiated solution to this. We look forward to the opportunity. 231 00:12:56,600 --> 00:12:59,160 Speaker 1: Chairman Kim told President Trump that he would send his 232 00:12:59,240 --> 00:13:02,520 Speaker 1: working team to negotiate with ours next week. Right, it'll 233 00:13:02,559 --> 00:13:04,800 Speaker 1: be in a couple of weeks. I anticipate everybody's got 234 00:13:04,800 --> 00:13:07,680 Speaker 1: to get schedules right, and everyone more importantly than the date. 235 00:13:07,720 --> 00:13:09,559 Speaker 1: If we wait two weeks or four weeks or six 236 00:13:09,640 --> 00:13:12,600 Speaker 1: weeks to make sure that we've had enough conversations so 237 00:13:12,640 --> 00:13:15,760 Speaker 1: that there can be productive dialogue when the teams get together, 238 00:13:16,120 --> 00:13:18,160 Speaker 1: that's the real objective. If it takes us another two 239 00:13:18,160 --> 00:13:20,880 Speaker 1: weeks or four weeks, so be it. And in the 240 00:13:20,920 --> 00:13:24,040 Speaker 1: situation that we alluded to China, But these protests in 241 00:13:24,080 --> 00:13:27,839 Speaker 1: Hong Kong, the the Hong Kong authorities have rejected a 242 00:13:27,920 --> 00:13:31,960 Speaker 1: request by protesters to take the streets on Saturday. I mean, 243 00:13:32,440 --> 00:13:36,520 Speaker 1: are you concerned about China's military intervening in a President 244 00:13:36,600 --> 00:13:39,280 Speaker 1: I think capture it right when he said that we 245 00:13:39,320 --> 00:13:42,600 Speaker 1: need China to do the right thing. We hope that 246 00:13:42,640 --> 00:13:45,600 Speaker 1: they'll do that. We hope that the protest will remain peaceful. 247 00:13:46,240 --> 00:13:51,040 Speaker 1: We think that's important to avoid violence wherever there are protesters. 248 00:13:51,120 --> 00:13:53,640 Speaker 1: We always think that's in the world's best interest, and 249 00:13:53,920 --> 00:13:56,080 Speaker 1: that's certainly the case here as well. You know, it's 250 00:13:56,080 --> 00:13:59,800 Speaker 1: it is so interconnected with China, whether it's North Korea 251 00:13:59,880 --> 00:14:02,760 Speaker 1: or whether it's US China trades hawks And just this 252 00:14:02,800 --> 00:14:07,520 Speaker 1: week with Boris Johnson assuming power, I saw what you 253 00:14:07,600 --> 00:14:10,720 Speaker 1: tweeted out just this afternoon about you're hoping that you'll 254 00:14:10,760 --> 00:14:14,480 Speaker 1: be able to work with Boris Johnson on US initiatives. 255 00:14:14,760 --> 00:14:18,440 Speaker 1: I'm curious if you think that his government and his 256 00:14:18,920 --> 00:14:22,480 Speaker 1: policies will be perhaps more in line with the Trump 257 00:14:22,520 --> 00:14:27,160 Speaker 1: administration on something like Huawei. I think so, we'll see. 258 00:14:27,320 --> 00:14:29,040 Speaker 1: Only time we'll tell their So. I spoke with my 259 00:14:29,200 --> 00:14:34,080 Speaker 1: counterpart Domini Grob just a couple hours back. He's busy, 260 00:14:34,120 --> 00:14:37,640 Speaker 1: he's still getting briefed up and making sure that he's ready, 261 00:14:38,000 --> 00:14:40,200 Speaker 1: But we talked about that. We talked about the importance 262 00:14:40,200 --> 00:14:44,120 Speaker 1: of these two democracies working together. I think I think 263 00:14:44,160 --> 00:14:47,080 Speaker 1: we'll find that there's a very good working relationship there. 264 00:14:47,480 --> 00:14:50,600 Speaker 1: But I'd say this, Uh, we've already worked together on 265 00:14:50,720 --> 00:14:53,840 Speaker 1: most things. We work together on large segments of the 266 00:14:53,840 --> 00:14:56,520 Speaker 1: Iran pile as well. Everybody talks about the differences they've 267 00:14:56,560 --> 00:14:59,160 Speaker 1: stayed in the deal we got out, but there's large 268 00:14:59,160 --> 00:15:02,920 Speaker 1: pieces of the pressure your campaign against Iran that the 269 00:15:03,000 --> 00:15:05,760 Speaker 1: United Kingdom understands, and there's a lot of places we've 270 00:15:05,800 --> 00:15:08,880 Speaker 1: worked together and on making sure that their ships are secure. 271 00:15:08,920 --> 00:15:11,840 Speaker 1: I am confident that we will work together. These are 272 00:15:11,880 --> 00:15:15,720 Speaker 1: places where democracies share a set of overlapping values and 273 00:15:15,800 --> 00:15:18,800 Speaker 1: interest and I'm looking forward to though, when the Prime 274 00:15:18,800 --> 00:15:20,560 Speaker 1: Minister gets his feet on the ground, I'm looking forward 275 00:15:20,560 --> 00:15:22,320 Speaker 1: to having a chance to chat with him and his 276 00:15:22,440 --> 00:15:24,920 Speaker 1: Foreign secretary so that we can deliver on behalf of 277 00:15:24,920 --> 00:15:28,000 Speaker 1: these two important democracies. And in terms of so many 278 00:15:28,040 --> 00:15:30,880 Speaker 1: of these sanctions and so many of these specific targets. 279 00:15:30,880 --> 00:15:34,960 Speaker 1: Earlier today, I believe it was just an ounce that 280 00:15:35,320 --> 00:15:38,960 Speaker 1: there were penalties against another Venezuelan for for more corruption 281 00:15:39,800 --> 00:15:46,320 Speaker 1: in the dictator Manduto's regime. Why was that important? So 282 00:15:46,360 --> 00:15:50,800 Speaker 1: we add to the list of individuals in Venezuela who 283 00:15:50,800 --> 00:15:53,840 Speaker 1: are sanctioned nearly every week we try and find the 284 00:15:53,880 --> 00:15:57,040 Speaker 1: right entities, the right people. Uh. In this case, it 285 00:15:57,080 --> 00:15:59,640 Speaker 1: was a group of individuals this week that we have 286 00:15:59,720 --> 00:16:02,760 Speaker 1: sank And our aim is really very clear. Right, you 287 00:16:02,800 --> 00:16:05,280 Speaker 1: come back to first principle. The first principle there is 288 00:16:05,360 --> 00:16:08,360 Speaker 1: Maduro is not the duly elected leader. Juan Gui, though 289 00:16:08,480 --> 00:16:12,160 Speaker 1: is the duly elected interim president there in Venezuela. We 290 00:16:12,200 --> 00:16:14,720 Speaker 1: want Maduro to leave so that there can be free 291 00:16:14,760 --> 00:16:18,080 Speaker 1: and fair elections with the ultimate goal of ensuring that 292 00:16:18,160 --> 00:16:21,120 Speaker 1: there's democracy and freedom in Venezuela. For that to happen, 293 00:16:21,200 --> 00:16:23,840 Speaker 1: the Cubans have to leave. Uh. You can't have a 294 00:16:23,840 --> 00:16:26,720 Speaker 1: couple of thousand Cuban intelligence and military officials in the 295 00:16:26,760 --> 00:16:30,720 Speaker 1: country running the security apparatus and have the venezul Venezuelan 296 00:16:30,720 --> 00:16:33,960 Speaker 1: people flourish. That's our mission set. These sanctions are not 297 00:16:34,040 --> 00:16:36,720 Speaker 1: aimed at the Venezuelan people, but indeed just the opposite. 298 00:16:36,840 --> 00:16:40,320 Speaker 1: They're aimed at benefiting the Venezuelan people. And American companies 299 00:16:40,960 --> 00:16:45,400 Speaker 1: have interest there and security risks there. Chevron, for example, 300 00:16:45,440 --> 00:16:48,040 Speaker 1: they've been in Venezuela, I believe for like a hundred years. 301 00:16:48,920 --> 00:16:52,480 Speaker 1: They've got a waiver that could expire. You have to 302 00:16:52,480 --> 00:16:54,080 Speaker 1: make a decision about whether or not this waiver is 303 00:16:54,120 --> 00:16:57,600 Speaker 1: going to expire on Saturday Saturday, about whether or not 304 00:16:57,760 --> 00:17:01,480 Speaker 1: a partner with Venezuela's boy accompany, can you give us 305 00:17:01,520 --> 00:17:04,520 Speaker 1: any any inkling and so what that decision will be. No, 306 00:17:05,320 --> 00:17:08,880 Speaker 1: but the President will ultimately make an announcement, but I'm 307 00:17:09,560 --> 00:17:12,160 Speaker 1: I've been part of the conversations here. In the next 308 00:17:12,240 --> 00:17:15,200 Speaker 1: few days, you'll you'll get a chance to see precisely 309 00:17:15,200 --> 00:17:18,199 Speaker 1: what the President decided. Remember again, they come back to 310 00:17:18,359 --> 00:17:20,359 Speaker 1: the first principle. What is that we're trying to do. 311 00:17:20,720 --> 00:17:23,080 Speaker 1: We're trying to ensure that there aren't wealth and resources 312 00:17:23,080 --> 00:17:25,280 Speaker 1: that are getting into the pocket of Majure Oitni's cronies 313 00:17:25,560 --> 00:17:28,280 Speaker 1: and flowing to the Cubans. That's the objective. Where we 314 00:17:28,320 --> 00:17:31,560 Speaker 1: make a decision on the license or particular sanction or 315 00:17:31,840 --> 00:17:34,879 Speaker 1: a particular designation of an individual, those are all aimed 316 00:17:34,920 --> 00:17:38,000 Speaker 1: to support the strategy, which is the ultimate beacon for 317 00:17:38,040 --> 00:17:41,359 Speaker 1: our direction. Mr Secretary, I my final question for you. 318 00:17:41,400 --> 00:17:43,479 Speaker 1: I would be remiss if I didn't ask you just 319 00:17:43,600 --> 00:17:46,640 Speaker 1: in this political in the political lens, there's a lot 320 00:17:46,680 --> 00:17:51,680 Speaker 1: of speculation, Mr Secretary, about your political future. Perhaps maybe 321 00:17:51,760 --> 00:17:56,440 Speaker 1: I will be interviewing you as Senator can Senator Pumpeyo. 322 00:17:56,720 --> 00:17:58,440 Speaker 1: Is that something? Is that a title you would maybe 323 00:17:58,440 --> 00:18:00,879 Speaker 1: like to have one day? I'm really happy doing what 324 00:18:00,920 --> 00:18:03,919 Speaker 1: I'm doing. The speculacens coming from places other than me. 325 00:18:04,119 --> 00:18:06,960 Speaker 1: I've I've made clear Um the Secretary of State, and 326 00:18:06,960 --> 00:18:10,800 Speaker 1: I'm very focused on that. All Right, there we have it, 327 00:18:10,960 --> 00:18:14,800 Speaker 1: Secretary of State Mike Pompeo. You can check out that 328 00:18:14,960 --> 00:18:20,040 Speaker 1: full interview on bloombird tv dot com. Bob Cuzac is here. 329 00:18:20,119 --> 00:18:23,240 Speaker 1: He's editor in chief of The Hill newspaper. Check out 330 00:18:23,280 --> 00:18:26,639 Speaker 1: all their reporting at the Hill dot com. Bob, I 331 00:18:26,640 --> 00:18:29,439 Speaker 1: think he's going to run for Senate. Well, let me 332 00:18:29,440 --> 00:18:33,560 Speaker 1: turn on your mic. Sorry about that. It's a great 333 00:18:33,640 --> 00:18:37,800 Speaker 1: question because the rumors had have resurfaced. I mean, it 334 00:18:37,840 --> 00:18:40,280 Speaker 1: looked like he had ruled it out, and then their 335 00:18:40,440 --> 00:18:44,080 Speaker 1: reports um that maybe he's going to get back in, 336 00:18:44,160 --> 00:18:46,639 Speaker 1: And this is frozen the field in that race, as 337 00:18:46,680 --> 00:18:48,639 Speaker 1: you know. I mean, Chris Koblack is is in, but 338 00:18:48,640 --> 00:18:50,479 Speaker 1: but there are others who are thinking about getting in. 339 00:18:50,800 --> 00:18:53,399 Speaker 1: And I tell you, if Mike Pompeo gets in, and 340 00:18:53,440 --> 00:18:55,680 Speaker 1: he's gonna basically clear the field on the Republican side 341 00:18:55,720 --> 00:18:57,720 Speaker 1: and and and possibly on the Democratic site because they 342 00:18:57,720 --> 00:18:59,360 Speaker 1: don't want to take him on in general. No, they 343 00:18:59,400 --> 00:19:01,280 Speaker 1: definitely want to take them on. We got to get 344 00:19:01,320 --> 00:19:05,399 Speaker 1: some breaking news while we were airing that interview. Breaking 345 00:19:05,400 --> 00:19:08,160 Speaker 1: news headlines crossing the Bloomberg terminal, the House passes debt 346 00:19:08,200 --> 00:19:10,720 Speaker 1: limit and budget deal, sending it now to the Senate. 347 00:19:11,119 --> 00:19:12,920 Speaker 1: This is a I mean, look, the Freedom Caucus and 348 00:19:12,920 --> 00:19:15,080 Speaker 1: the ultra conservatives in the House of Representatives, they had 349 00:19:15,119 --> 00:19:18,400 Speaker 1: some concerns about this. Progressives had some concerns about this. 350 00:19:18,520 --> 00:19:22,160 Speaker 1: But this shows that Speaker Pelosi and President Trump are 351 00:19:22,200 --> 00:19:26,240 Speaker 1: are able to work together on issues of substance to 352 00:19:26,359 --> 00:19:29,400 Speaker 1: get something done. And this is no small feat. Yeah, 353 00:19:29,440 --> 00:19:31,440 Speaker 1: and it's no small bill. I mean it's a price tag. 354 00:19:31,480 --> 00:19:35,040 Speaker 1: We're talking three and some critics will say over ten 355 00:19:35,200 --> 00:19:38,480 Speaker 1: it approaches to trillion, and so it's it is easier 356 00:19:38,480 --> 00:19:41,320 Speaker 1: to get votes when you're spending that much money. Not 357 00:19:41,400 --> 00:19:44,080 Speaker 1: a lot of offsets in this bill. But you're right, 358 00:19:44,119 --> 00:19:46,840 Speaker 1: I mean, this is a bipartisan compromise. They got increases 359 00:19:46,840 --> 00:19:49,080 Speaker 1: in spending on domestic side and the defense side, so 360 00:19:49,119 --> 00:19:52,200 Speaker 1: there was reason for both sides to vote for it. 361 00:19:52,760 --> 00:19:56,000 Speaker 1: But certainly, you know it. The Tea Party was born 362 00:19:56,119 --> 00:19:59,480 Speaker 1: less than ten years ago. We're not talking about governments spending, 363 00:19:59,600 --> 00:20:02,960 Speaker 1: I mean, we're cutting deficits. Is just not in the 364 00:20:03,000 --> 00:20:06,600 Speaker 1: political dialogue right now, and I don't see it happening 365 00:20:06,600 --> 00:20:09,119 Speaker 1: anytime soon. Remember, the Freedom Clock is also press President 366 00:20:09,119 --> 00:20:12,159 Speaker 1: Trump to tackle entitlement spending. Is that happening? No, And 367 00:20:12,160 --> 00:20:14,359 Speaker 1: I don't see that happened the forecast in the Senate, 368 00:20:14,400 --> 00:20:18,600 Speaker 1: the upper I mean that's a lot easier of a vote. No. Yeah, 369 00:20:18,960 --> 00:20:21,080 Speaker 1: So it's going to be at the President's desk. Are 370 00:20:21,240 --> 00:20:23,840 Speaker 1: no drama there coming up? We're gonna have much more 371 00:20:23,880 --> 00:20:26,520 Speaker 1: to talk about with Bob c Zack. I'm Kevin Cirelli. 372 00:20:26,560 --> 00:20:29,840 Speaker 1: You can download the sound on podcast on Apple iTunes, 373 00:20:29,880 --> 00:20:32,920 Speaker 1: Bloomberg dot com, or by downloading the Bloomberg Business app. 374 00:20:33,160 --> 00:20:36,439 Speaker 1: You can also check us out on iHeart Radio Radio 375 00:20:36,520 --> 00:20:39,920 Speaker 1: dot com and Spotify. I'm Kevin Cirelli. You're listening to Bloomberg. 376 00:20:42,560 --> 00:20:46,720 Speaker 1: You're listening to Sound On with Kevin's Really on Bloomberg 377 00:20:47,960 --> 00:20:50,760 Speaker 1: and one oh five point seven m h D two, Baltimore. 378 00:20:51,480 --> 00:20:54,760 Speaker 1: I'm Kevin Cirelli, Chief Washington correspondent for Bloomberg Television and 379 00:20:54,760 --> 00:20:59,399 Speaker 1: Bloomberg Radio. Busy day, Busy day for our Indefatigable team. 380 00:20:59,440 --> 00:21:02,800 Speaker 1: Executive producer Chris Team brought up and Bloomberg Television field 381 00:21:02,800 --> 00:21:06,440 Speaker 1: coordinating field producer David Sutraman as we navigated the State 382 00:21:06,440 --> 00:21:10,520 Speaker 1: Department with Secretary of State Mike Pompeo his first interview 383 00:21:10,560 --> 00:21:14,920 Speaker 1: with Bloomberg Television and Radio. Great interview. I think our 384 00:21:14,960 --> 00:21:17,560 Speaker 1: team did a great job. Was a total team effort. 385 00:21:17,560 --> 00:21:21,679 Speaker 1: Bob Czas here, he is the editor in chief of 386 00:21:21,720 --> 00:21:24,400 Speaker 1: The Hill newspaper. Check out all of their reporting at 387 00:21:24,400 --> 00:21:26,320 Speaker 1: the Hill dot com. When I say great interview, I 388 00:21:26,359 --> 00:21:28,200 Speaker 1: met it was a great team effort. I'm not dooting 389 00:21:28,200 --> 00:21:32,119 Speaker 1: my own Hornbob it area interview. It was well. I 390 00:21:32,200 --> 00:21:34,000 Speaker 1: thought it was interesting that he wants to go to Tehran. 391 00:21:34,600 --> 00:21:37,440 Speaker 1: I wants to go to Tehran, and essentially the way 392 00:21:37,440 --> 00:21:41,119 Speaker 1: that Iron's foreign minister, the Reef was just here in 393 00:21:41,160 --> 00:21:43,560 Speaker 1: New York the other day meeting was Senator rand Paul 394 00:21:44,200 --> 00:21:46,520 Speaker 1: uh and he's saying, you know, bring it on. I'll 395 00:21:46,560 --> 00:21:50,080 Speaker 1: go to to Iran and tell the Iranians precisely what 396 00:21:50,119 --> 00:21:53,800 Speaker 1: the Ayatola is doing to the Iranians. Well, I mean 397 00:21:53,800 --> 00:21:56,520 Speaker 1: the Trump administration, including the President, and in your interview 398 00:21:56,640 --> 00:22:00,359 Speaker 1: with Pompeo, they're they're willing to talk, but Iran is 399 00:22:00,400 --> 00:22:02,560 Speaker 1: not willing to talk. And that's a different dynamic that 400 00:22:02,640 --> 00:22:06,160 Speaker 1: we've seen with compared to like North Korea, for example. 401 00:22:06,240 --> 00:22:08,760 Speaker 1: So I don't I don't see talks happening anytime soon. 402 00:22:08,920 --> 00:22:12,080 Speaker 1: But I think the Trump administration is looking okay. They're 403 00:22:12,119 --> 00:22:15,639 Speaker 1: flexible and and I think on that front, I know 404 00:22:15,720 --> 00:22:18,400 Speaker 1: that are going to go after them and have gone 405 00:22:18,400 --> 00:22:21,280 Speaker 1: after them for getting out of the Rand Nuclear Court. 406 00:22:21,320 --> 00:22:23,640 Speaker 1: But as far as like talking to them, they can't 407 00:22:23,640 --> 00:22:26,120 Speaker 1: criticize that. Well no, yeah, right, I mean Obhama talked 408 00:22:26,119 --> 00:22:31,080 Speaker 1: to everybody. Um. The other big story today also international, Uh, 409 00:22:31,160 --> 00:22:33,399 Speaker 1: the Senate. I was struck by this, and this is 410 00:22:33,440 --> 00:22:36,080 Speaker 1: the lead story on the Hill dot Com and Bloomberg Politics. 411 00:22:36,160 --> 00:22:38,800 Speaker 1: This is what everybody's chattering about today is that the 412 00:22:38,880 --> 00:22:42,680 Speaker 1: Senate has found the Republican controlled Senate has found quote 413 00:22:42,760 --> 00:22:48,160 Speaker 1: unquote extensive Russian meddling in the US election. I'm reading 414 00:22:48,160 --> 00:22:51,000 Speaker 1: from the Bloomberg terminal. Stephen Dennis reports the Senate Intelligence 415 00:22:51,040 --> 00:22:55,440 Speaker 1: Committee recounted extensive efforts by Russia to compromise the us 416 00:22:55,560 --> 00:23:01,960 Speaker 1: IS election infrastructure from to at least seventeen, urging new 417 00:23:01,960 --> 00:23:08,399 Speaker 1: efforts to deter the threat as presidential election approaches. Done. Yeah, 418 00:23:08,480 --> 00:23:10,919 Speaker 1: I mean, there has been a lot of proof that 419 00:23:11,000 --> 00:23:13,880 Speaker 1: Russia was meddling in the election. And that's the real 420 00:23:13,960 --> 00:23:16,800 Speaker 1: big takeaway, certainly from the Model report that people don't 421 00:23:16,800 --> 00:23:19,680 Speaker 1: focus on. No one focuses on that. I don't And 422 00:23:19,680 --> 00:23:22,919 Speaker 1: and Pompeio has said that Russia is not gonna stop there. 423 00:23:23,000 --> 00:23:25,160 Speaker 1: They're gonna keep doing this, literally said for the next 424 00:23:25,200 --> 00:23:28,320 Speaker 1: fifty years. Uh. And you the problem for Republicans, especially 425 00:23:28,320 --> 00:23:31,280 Speaker 1: in the Senate, is that they've been blocking election security bills. 426 00:23:31,920 --> 00:23:35,119 Speaker 1: Why what's your reasoning, Well, Mitch McConnell has said in 427 00:23:35,840 --> 00:23:37,879 Speaker 1: the big story was there was no meddling, but that 428 00:23:37,920 --> 00:23:43,280 Speaker 1: wasn't a presidential election here. So now it's and Trump's 429 00:23:43,280 --> 00:23:46,360 Speaker 1: own government is saying, yeah, it's gonna happen. So so 430 00:23:46,560 --> 00:23:48,639 Speaker 1: I think that's why Democrats are going on offense on it. 431 00:23:48,680 --> 00:23:50,600 Speaker 1: And and we're gonna go that's good. That issue is 432 00:23:50,600 --> 00:23:53,560 Speaker 1: going to go into next year. So it is. It 433 00:23:53,680 --> 00:23:56,960 Speaker 1: is just the timing of this report that has come out. 434 00:23:57,200 --> 00:23:59,920 Speaker 1: It comes a day after former Special Counsel Bob Mueller 435 00:24:00,080 --> 00:24:02,879 Speaker 1: testimony to Capitol Hill. And to your point, there was 436 00:24:02,920 --> 00:24:07,920 Speaker 1: so much I would say, bad political theater yesterday. But 437 00:24:07,920 --> 00:24:11,360 Speaker 1: but but but the the portion that no one focuses 438 00:24:11,359 --> 00:24:13,800 Speaker 1: on is the issue of how a hostile foreign power 439 00:24:14,240 --> 00:24:19,320 Speaker 1: is manipulating US institutions, not just political institutions, big tech institutions, 440 00:24:19,440 --> 00:24:24,040 Speaker 1: media institutions, and UM on all different fronts to try 441 00:24:24,080 --> 00:24:26,800 Speaker 1: to divide, to try to to try to you know, 442 00:24:26,920 --> 00:24:30,680 Speaker 1: issue Russia propaganda, uh in a covert way in order 443 00:24:30,760 --> 00:24:34,320 Speaker 1: to to somehow make an impact. They're not necessarily hacking votes, 444 00:24:34,400 --> 00:24:36,760 Speaker 1: there's no evidence of that. But even the fact that 445 00:24:36,760 --> 00:24:40,120 Speaker 1: they're just taking graffiti for lack of a better metaphor, 446 00:24:40,880 --> 00:24:46,680 Speaker 1: and and just spewing this it's it's it's it's frustrating. Right. Well, 447 00:24:46,760 --> 00:24:51,080 Speaker 1: countries are strongest when they are unified, just like political parties. 448 00:24:51,119 --> 00:24:53,679 Speaker 1: And certainly when when we had July fourth and we 449 00:24:53,720 --> 00:24:57,560 Speaker 1: had the parade, a lot of headlines uh across the 450 00:24:58,200 --> 00:25:00,600 Speaker 1: spectrum of media companies was that the country was divided. 451 00:25:00,600 --> 00:25:03,639 Speaker 1: And that's what Putin wants. Until large degree, he's been 452 00:25:03,640 --> 00:25:06,840 Speaker 1: sexful as successful because he likes to sew division, and 453 00:25:06,880 --> 00:25:09,359 Speaker 1: clearly Russia wanted Trump to win that. You can make 454 00:25:09,359 --> 00:25:12,240 Speaker 1: an argument Trump would have won anyway, but then the 455 00:25:12,280 --> 00:25:14,600 Speaker 1: democratic argument is, well, wait a mint, he narrowly won 456 00:25:14,720 --> 00:25:17,960 Speaker 1: in a number of states. Uh. So the debate about 457 00:25:18,320 --> 00:25:24,639 Speaker 1: sixteen continues on even and you mentioned in terms of 458 00:25:24,640 --> 00:25:27,040 Speaker 1: where all this is going, I mean, I'll be in 459 00:25:27,080 --> 00:25:32,520 Speaker 1: Detroit next week for the second Democratic presidential debate. I'm 460 00:25:32,560 --> 00:25:36,960 Speaker 1: not noticing. I mean, I'm not sure how on these issues, 461 00:25:37,480 --> 00:25:41,200 Speaker 1: whether it's Bob Mueller, whether it's election interference, how any 462 00:25:41,280 --> 00:25:46,680 Speaker 1: of those candidates differentiate themselves amongst one another, because they're 463 00:25:46,720 --> 00:25:51,640 Speaker 1: all virtually saying the same thing. So the only way 464 00:25:51,680 --> 00:25:55,760 Speaker 1: to differentiate yourself is to go after one another. And 465 00:25:55,840 --> 00:25:58,520 Speaker 1: up until last time, I really only think Senator Kamala 466 00:25:58,560 --> 00:26:02,159 Speaker 1: Harris understood that. But you're starting to see the Booker 467 00:26:02,200 --> 00:26:06,960 Speaker 1: campaign somewhat take that same approach. But the gloves have 468 00:26:07,080 --> 00:26:10,479 Speaker 1: to come off, because I mean, you can't just say, Okay, 469 00:26:10,480 --> 00:26:14,080 Speaker 1: I'm against Russia more than you are, That's right. I 470 00:26:14,440 --> 00:26:16,960 Speaker 1: think it's very difficult get more attraction on something that 471 00:26:17,000 --> 00:26:19,479 Speaker 1: they all basically, as you mentioned, kind of agree on. 472 00:26:20,280 --> 00:26:23,359 Speaker 1: But the question is who attacks who, And Biden's camp 473 00:26:23,440 --> 00:26:25,680 Speaker 1: is saying they're gonna be tougher this time, and certainly 474 00:26:26,520 --> 00:26:31,560 Speaker 1: when Harris went after Biden, it was advantage Harris. Usually sometimes, uh, 475 00:26:31,600 --> 00:26:33,879 Speaker 1: the CounterPunch can be more effective than the punch. We 476 00:26:33,960 --> 00:26:36,600 Speaker 1: have seen the punch be more effective. You know. Castro 477 00:26:36,680 --> 00:26:39,560 Speaker 1: went after better Rourke a little bit, and and Ork 478 00:26:39,640 --> 00:26:44,639 Speaker 1: didn't look Yeah, it wasn't offense. The guy's been struggling 479 00:26:44,640 --> 00:26:47,639 Speaker 1: in the past couple of struggling. Fundraising has has slowed 480 00:26:47,640 --> 00:26:50,520 Speaker 1: down considerably, and there as you know, there are some 481 00:26:50,680 --> 00:26:52,920 Speaker 1: Senate Democrats who are like, Okay, why don't you get 482 00:26:53,080 --> 00:26:57,520 Speaker 1: getting that Senate race against John cordon Um. But but overall, 483 00:26:57,600 --> 00:27:01,400 Speaker 1: I do think that this is very difficult for if 484 00:27:01,400 --> 00:27:02,960 Speaker 1: you're in the if you're not in the top five, 485 00:27:03,520 --> 00:27:05,320 Speaker 1: you've got to make You got to have a moment 486 00:27:05,400 --> 00:27:08,000 Speaker 1: here because remember the next debate after this one is 487 00:27:08,000 --> 00:27:11,919 Speaker 1: not until September. So if you don't get have a 488 00:27:11,960 --> 00:27:15,119 Speaker 1: big moment and something goes viral in a good way, 489 00:27:15,440 --> 00:27:17,000 Speaker 1: you're not going to get the donors. You're not going 490 00:27:17,080 --> 00:27:20,680 Speaker 1: to qualify. Last I checked this morning, I think only 491 00:27:20,720 --> 00:27:23,679 Speaker 1: five candidates are have qualified for the September one. Now 492 00:27:23,680 --> 00:27:25,920 Speaker 1: it's a little ways off, but you've got to qualify 493 00:27:26,040 --> 00:27:28,320 Speaker 1: for that debate, and you may not have the cash 494 00:27:28,359 --> 00:27:31,320 Speaker 1: to last until September. So this is desperation time for 495 00:27:31,400 --> 00:27:34,159 Speaker 1: many of these candidates. It's it's going to be fascinating. 496 00:27:34,240 --> 00:27:38,320 Speaker 1: I think I don't think everyone's excited to see Warren 497 00:27:38,600 --> 00:27:40,960 Speaker 1: and Sanders on the same stage, and they'll be I 498 00:27:41,000 --> 00:27:44,880 Speaker 1: believe on the first night, um and I don't think 499 00:27:44,880 --> 00:27:46,720 Speaker 1: they're going to go after one another. I agree. I 500 00:27:46,960 --> 00:27:50,960 Speaker 1: think that if you're expecting them to clash like Biden Harris, 501 00:27:51,359 --> 00:27:54,600 Speaker 1: you're gonna be disappointed. They both have been playing nights, 502 00:27:54,640 --> 00:27:57,359 Speaker 1: and I don't think they're just acting. Joe Biden's gonna 503 00:27:57,400 --> 00:27:59,760 Speaker 1: get it. I mean, it's I mean, I I think 504 00:27:59,840 --> 00:28:02,199 Speaker 1: I can't wait. I don't like to predict, but I 505 00:28:02,240 --> 00:28:04,320 Speaker 1: will predict that. I don't think the Warrant campaign's gonna 506 00:28:04,320 --> 00:28:06,320 Speaker 1: go after Burnie standers. I don't think it helps either 507 00:28:06,359 --> 00:28:09,399 Speaker 1: of them. Coming up more politics and policy with the 508 00:28:09,480 --> 00:28:14,600 Speaker 1: legendary Bob Cusack, one of my first original bosses. Bob Cusack, 509 00:28:14,720 --> 00:28:17,520 Speaker 1: the editor in chief of The Hill newspaper uh and 510 00:28:17,640 --> 00:28:20,520 Speaker 1: at the Hill dot com. So grateful that he is 511 00:28:20,560 --> 00:28:24,320 Speaker 1: in here today. I'm Kevin CEREALI download the Bloomberg download 512 00:28:24,320 --> 00:28:26,560 Speaker 1: the sound On podcast on Bloomberg dot com, or by 513 00:28:26,560 --> 00:28:29,160 Speaker 1: downloading the Bloomberg Business app. You can also find us 514 00:28:29,200 --> 00:28:34,040 Speaker 1: on I Heart Radio Radio dot com and Spotify. You're 515 00:28:34,040 --> 00:28:40,880 Speaker 1: listening to Bloomberg one. You're listening to Sound On with 516 00:28:41,000 --> 00:28:45,520 Speaker 1: Kevin Surreally on Bloomberg and one oh five point seven 517 00:28:45,600 --> 00:28:48,680 Speaker 1: f m h D two, Baltimore. I'm Kevin CEREALI chief 518 00:28:48,720 --> 00:28:52,120 Speaker 1: Washington correspondent from Bloomberg Television and Bloomberg Radio. With me 519 00:28:52,240 --> 00:28:56,720 Speaker 1: here in studio Bob Cusack, he's editor in chief of 520 00:28:56,840 --> 00:28:59,640 Speaker 1: the Hill. We can find all of their reporting on 521 00:28:59,680 --> 00:29:02,120 Speaker 1: the Hill dot com. Okay, a story that really grabbed 522 00:29:02,120 --> 00:29:04,880 Speaker 1: my attention today that I I would be remiss to 523 00:29:04,920 --> 00:29:08,160 Speaker 1: not mentioned, and it's way out of left field, but 524 00:29:08,320 --> 00:29:12,520 Speaker 1: it regards the death penalty. Did you follow this? Yeah, 525 00:29:12,680 --> 00:29:15,000 Speaker 1: I mean it came out of nowhere. It came so 526 00:29:15,000 --> 00:29:18,920 Speaker 1: so the federal the Feds are now going to say 527 00:29:19,560 --> 00:29:24,200 Speaker 1: that they can have Attorney General William Barr orders the 528 00:29:24,280 --> 00:29:29,440 Speaker 1: first federal executions in nearly two decades. They're essentially saying 529 00:29:29,440 --> 00:29:32,240 Speaker 1: the death penalties back on. Yeah, and they picked out 530 00:29:32,280 --> 00:29:36,400 Speaker 1: five people that will be executed. And certainly this is 531 00:29:36,480 --> 00:29:40,440 Speaker 1: immediately going to and has already become today a campaign issue. 532 00:29:40,800 --> 00:29:44,280 Speaker 1: This is probably going to be discussed next week's Democratic debates, 533 00:29:44,680 --> 00:29:47,720 Speaker 1: and it's you know, Trump has an attorney general that 534 00:29:47,800 --> 00:29:50,600 Speaker 1: he likes and respects now and this is I think 535 00:29:50,600 --> 00:29:53,880 Speaker 1: consistent with his I'm gonna be tough, I mean tough 536 00:29:53,920 --> 00:29:56,960 Speaker 1: on Haina's crimes um. But of course the Democratic Party 537 00:29:56,960 --> 00:29:59,360 Speaker 1: has a very different outlook than it did during the 538 00:29:59,680 --> 00:30:02,560 Speaker 1: Crime Bill in the mid ninety nineties. And of course 539 00:30:02,560 --> 00:30:05,040 Speaker 1: the attention will also shift on, well, what was Joe 540 00:30:05,040 --> 00:30:07,920 Speaker 1: Biden's record on on the death penalty? You know that 541 00:30:08,040 --> 00:30:10,840 Speaker 1: kind of thing. He voted for the Crime bill um 542 00:30:10,840 --> 00:30:13,640 Speaker 1: which dealt with the death penalty. So overall, Wow, I 543 00:30:14,000 --> 00:30:15,960 Speaker 1: didn't even think of that. They're gonna divide. This is 544 00:30:16,000 --> 00:30:19,040 Speaker 1: another thing that clearly will divide the party. Bob Becauzac 545 00:30:19,080 --> 00:30:21,360 Speaker 1: always making me learn. Nick Badhams is on the line 546 00:30:21,400 --> 00:30:24,360 Speaker 1: Bloomberg News national security reporter. Nick, thanks for hanging on 547 00:30:24,480 --> 00:30:26,840 Speaker 1: for their Sorry we were having a needed a second 548 00:30:26,840 --> 00:30:29,040 Speaker 1: to get you plugged in. Nick, I mean, thank you 549 00:30:29,120 --> 00:30:31,800 Speaker 1: so much for your help in helping me with the 550 00:30:32,160 --> 00:30:35,360 Speaker 1: Pompeo interview. Could not have done it without you. What 551 00:30:35,440 --> 00:30:37,960 Speaker 1: was your takeaway from from what he had to say? 552 00:30:38,640 --> 00:30:40,480 Speaker 1: The big thing for me was what he talked about 553 00:30:40,520 --> 00:30:42,840 Speaker 1: with North Korea. You know, it was at the end 554 00:30:42,880 --> 00:30:46,280 Speaker 1: of June that the President and Secretary Pompeo went to 555 00:30:46,360 --> 00:30:49,000 Speaker 1: the demilitarized Zoe with North Korean said, you know, the 556 00:30:49,120 --> 00:30:53,160 Speaker 1: working level talks with them on denuclearization would start in 557 00:30:53,200 --> 00:30:56,120 Speaker 1: about two to three weeks. It's now a month later, 558 00:30:56,320 --> 00:30:58,920 Speaker 1: and he's still saying, you know, it's gonna be two 559 00:30:59,040 --> 00:31:02,320 Speaker 1: four or six weeks, and you know, they're still saying 560 00:31:02,360 --> 00:31:05,560 Speaker 1: the door is open for diplomacy. But really, I think 561 00:31:05,560 --> 00:31:10,000 Speaker 1: what his comments showed were that the North Korean government 562 00:31:10,040 --> 00:31:13,080 Speaker 1: just isn't playing ball right now. So it's as optimistic 563 00:31:13,120 --> 00:31:16,840 Speaker 1: as the president is. The US effort on North Korea 564 00:31:17,080 --> 00:31:20,120 Speaker 1: really has been steiny by the fact that that government 565 00:31:20,200 --> 00:31:22,760 Speaker 1: just does not seem to want to get in the 566 00:31:22,880 --> 00:31:26,240 Speaker 1: room with the United States, and he's really struggling through 567 00:31:27,120 --> 00:31:29,640 Speaker 1: how to how to get them through that door. I 568 00:31:29,720 --> 00:31:32,240 Speaker 1: was struck by that. I was struck by also his 569 00:31:32,360 --> 00:31:37,080 Speaker 1: remarks in terms of uh Ron and him basically putting 570 00:31:37,080 --> 00:31:39,560 Speaker 1: out there that he he himself wants to go to Tehron. 571 00:31:39,600 --> 00:31:42,840 Speaker 1: I wonder how the atole is going right about that? 572 00:31:42,960 --> 00:31:45,120 Speaker 1: Was that was a great moment, and you can sort 573 00:31:45,160 --> 00:31:48,040 Speaker 1: of see the sort of things where he's obviously never 574 00:31:48,080 --> 00:31:51,000 Speaker 1: been asked that question before. But you know, you're going 575 00:31:51,080 --> 00:31:53,720 Speaker 1: to Tavan this time of year for your summer vacation 576 00:31:53,880 --> 00:31:57,640 Speaker 1: lands Okay, yeah, you know, but he sees that moment 577 00:31:57,720 --> 00:32:01,800 Speaker 1: because it actually plays to this uh strategy that they 578 00:32:01,840 --> 00:32:04,600 Speaker 1: have a little bit, which is really to highlight the 579 00:32:04,600 --> 00:32:08,200 Speaker 1: differences between the United States and Iran and say, okay, listen, 580 00:32:08,280 --> 00:32:11,200 Speaker 1: the Iranian foreign ministers allowed to come here and talk 581 00:32:11,240 --> 00:32:15,800 Speaker 1: to Americans and basically make his case to the American people. Uh. 582 00:32:15,800 --> 00:32:18,360 Speaker 1: You know, he's obviously not censored or anything like that, 583 00:32:18,800 --> 00:32:21,440 Speaker 1: and would that it was a situation where I could 584 00:32:21,440 --> 00:32:24,560 Speaker 1: go to Tehran and make my case to the Iranian people. 585 00:32:24,800 --> 00:32:28,040 Speaker 1: Um So in a way, it allowed him to sort 586 00:32:28,080 --> 00:32:31,680 Speaker 1: of make this point of drawing those contrasts between between 587 00:32:31,680 --> 00:32:34,280 Speaker 1: the US and Iran, which which really has become their 588 00:32:34,280 --> 00:32:36,000 Speaker 1: big strategy. You know that they want to run to 589 00:32:36,040 --> 00:32:38,960 Speaker 1: be a quote unquote normal country. Nick wadhams online he's 590 00:32:38,960 --> 00:32:42,760 Speaker 1: bloom Bergner's national security reporter, covers the State Department and 591 00:32:42,840 --> 00:32:45,360 Speaker 1: all things international politics. But I gotta ask you, and 592 00:32:45,680 --> 00:32:47,720 Speaker 1: I know you gotta run, and you've been so generous 593 00:32:47,720 --> 00:32:50,160 Speaker 1: to hop on the line and help me all day. 594 00:32:50,840 --> 00:32:52,400 Speaker 1: But do you think he's going to run? Per Senate? 595 00:32:52,480 --> 00:32:54,680 Speaker 1: I I kind of got the vibe that that he's not. 596 00:32:55,240 --> 00:32:59,440 Speaker 1: He's not saying no, which I you know as a yes. Yeah, 597 00:32:59,520 --> 00:33:01,440 Speaker 1: I agree. I mean, you know, a few months ago 598 00:33:01,560 --> 00:33:04,120 Speaker 1: he said it is ruled out. You know, he was 599 00:33:04,280 --> 00:33:07,000 Speaker 1: very definitive on that, and I think, you know, all 600 00:33:07,040 --> 00:33:09,920 Speaker 1: of my reporting about Pompeo sort of suggests that he 601 00:33:09,960 --> 00:33:12,960 Speaker 1: has sees himself in some ways as a real man 602 00:33:13,080 --> 00:33:15,320 Speaker 1: of the moment and a man of history. And if 603 00:33:15,360 --> 00:33:18,240 Speaker 1: he believes that, really no one else can do this 604 00:33:18,360 --> 00:33:21,840 Speaker 1: job in Kansas, like Chris Koback, which who has you know, 605 00:33:21,840 --> 00:33:25,080 Speaker 1: a lot of opposition from the Republican Party, Pompeo has 606 00:33:25,120 --> 00:33:28,680 Speaker 1: been courted actively by Mitch McConnell. He will step up 607 00:33:28,720 --> 00:33:31,960 Speaker 1: and do it, obviously. Uh, it's early. He has plenty 608 00:33:31,960 --> 00:33:34,400 Speaker 1: of time. I think the filing deadline in Kansas is 609 00:33:34,440 --> 00:33:37,680 Speaker 1: not till June of twenty or so, so so there's 610 00:33:37,680 --> 00:33:39,720 Speaker 1: plenty of time to see how this thing shakes out. 611 00:33:39,800 --> 00:33:42,520 Speaker 1: But everything we are hearing is that he's under a 612 00:33:42,520 --> 00:33:45,480 Speaker 1: ton of pressure to do it, and he's uh, he's 613 00:33:45,920 --> 00:33:48,640 Speaker 1: moved from ruling it out to keeping his options open. 614 00:33:48,680 --> 00:33:52,400 Speaker 1: I mean, it's just the glide path here. Seems pretty obvious. Interesting, 615 00:33:52,400 --> 00:33:55,320 Speaker 1: all right, Nick Waters, Wieber News national security reporter, thanks 616 00:33:55,360 --> 00:33:57,880 Speaker 1: so much for calling in. Bob Cuzac is here with 617 00:33:58,000 --> 00:34:00,720 Speaker 1: us UH for the hour, Bob, I want to go 618 00:34:00,760 --> 00:34:02,480 Speaker 1: back to the other breaking news today, which is that 619 00:34:02,520 --> 00:34:04,960 Speaker 1: they've got that that that lawmakers have have in the 620 00:34:05,000 --> 00:34:08,719 Speaker 1: House have advanced this two year debt limit extension. And 621 00:34:08,800 --> 00:34:12,160 Speaker 1: I just I think we've downplayed this. I think that 622 00:34:12,239 --> 00:34:16,480 Speaker 1: Mueller really drove so much of the conversation this week. 623 00:34:16,880 --> 00:34:22,439 Speaker 1: But the the deat ceiling fight typically a major, major battle, Uh, 624 00:34:22,600 --> 00:34:24,560 Speaker 1: is it felt like a house of cards. I mean, 625 00:34:24,600 --> 00:34:26,560 Speaker 1: no one's really talked about it. You heard a little 626 00:34:26,560 --> 00:34:29,160 Speaker 1: bit of the freedom carocus, but now it's it's all 627 00:34:29,200 --> 00:34:31,279 Speaker 1: but it's all but a short thing. Yeah, and it 628 00:34:31,400 --> 00:34:34,239 Speaker 1: it The landscape heres has changed dramatically. If you just 629 00:34:34,239 --> 00:34:36,600 Speaker 1: think back a few months. The administration was sticking by 630 00:34:36,640 --> 00:34:41,600 Speaker 1: the budget caps and sequestration, uh, that both parties didn't like, 631 00:34:42,239 --> 00:34:45,880 Speaker 1: and but that they moved off their position. And also 632 00:34:46,640 --> 00:34:48,799 Speaker 1: I think where Nancy Pelosi got some leverage was when 633 00:34:48,840 --> 00:34:51,520 Speaker 1: Steve Nutch in the Treasury secretary, said I need the 634 00:34:51,560 --> 00:34:55,040 Speaker 1: debt ceiling rays before you guys go on recess. And 635 00:34:55,080 --> 00:34:57,680 Speaker 1: Pelosi is like, that's fine, but you we must get 636 00:34:57,680 --> 00:34:59,120 Speaker 1: a budget deal for us to do that. We're not 637 00:34:59,120 --> 00:35:01,720 Speaker 1: going to do a stand alone him, and they said okay, fine, 638 00:35:01,760 --> 00:35:04,200 Speaker 1: and then they gave I think a lot of negotiating 639 00:35:04,200 --> 00:35:06,640 Speaker 1: power Nancy Pelosi. And that's why by and large, the 640 00:35:06,680 --> 00:35:10,399 Speaker 1: Democratic caucus in the House is okay with this deal. Um. 641 00:35:10,440 --> 00:35:13,279 Speaker 1: But but conservatives are not pleased, but they can't do 642 00:35:13,280 --> 00:35:16,719 Speaker 1: anything about So this is some color, right. So I 643 00:35:16,800 --> 00:35:20,360 Speaker 1: mean like in the the jam packed hallway and Rayburn 644 00:35:20,680 --> 00:35:22,520 Speaker 1: where they had the Mueller hearing, I mean, you couldn't 645 00:35:22,560 --> 00:35:25,120 Speaker 1: even move like it was like I felt like I 646 00:35:25,200 --> 00:35:26,800 Speaker 1: was at the Jersey Shore. If you ever been to 647 00:35:26,840 --> 00:35:29,239 Speaker 1: the Jersey Shore this time of year where there's like 648 00:35:29,280 --> 00:35:31,439 Speaker 1: a trillion people in all their families. By the way, 649 00:35:31,600 --> 00:35:33,520 Speaker 1: the best beaches in America are at the Jersey Shore. 650 00:35:33,600 --> 00:35:37,040 Speaker 1: Like love the Jersey Shore. Very pretty, very but they're 651 00:35:37,080 --> 00:35:38,719 Speaker 1: very and that's part of the charm. You know. Bruce 652 00:35:38,719 --> 00:35:42,360 Speaker 1: Springsteen needed the inspiration. But that was like the scene 653 00:35:42,480 --> 00:35:44,680 Speaker 1: like you can't even you can't find an umbrella spot. 654 00:35:44,760 --> 00:35:47,359 Speaker 1: You can't find a spot to do a live shot. Okay. 655 00:35:47,480 --> 00:35:50,840 Speaker 1: And I was talking to who was it, Congressman Gomez, 656 00:35:50,920 --> 00:35:54,320 Speaker 1: the Democrat from California, Jimmy Gomez. He's on the working 657 00:35:54,320 --> 00:35:57,680 Speaker 1: group for U S m C A literally he comes 658 00:35:57,680 --> 00:35:59,480 Speaker 1: out of the hearing or he's you know, he's there, 659 00:35:59,520 --> 00:36:00,879 Speaker 1: and I'm like, what do you think? You know, he's 660 00:36:00,880 --> 00:36:03,520 Speaker 1: like a peach and peach and peach. And then I go, okay, 661 00:36:03,520 --> 00:36:05,440 Speaker 1: are you gonna get you? Like, are you gonna get U? 662 00:36:05,440 --> 00:36:07,839 Speaker 1: S m c A done, And he's like, actually, you know, 663 00:36:08,360 --> 00:36:11,440 Speaker 1: we've got a meeting tomorrow Friday with Bob Leightheiser U 664 00:36:11,480 --> 00:36:14,280 Speaker 1: S Trade representative, and those talks are going pretty well. 665 00:36:14,800 --> 00:36:17,680 Speaker 1: And now that we got the debt ceiling out of 666 00:36:17,719 --> 00:36:21,759 Speaker 1: the way, September is looking pretty good on the calendar 667 00:36:21,800 --> 00:36:24,560 Speaker 1: time to get not to two point oh done. So 668 00:36:24,640 --> 00:36:29,359 Speaker 1: there actually could be another major, major bipartisan win in 669 00:36:29,400 --> 00:36:33,279 Speaker 1: the works, not just for President Trump but for Speaker Pelosi. Yeah, 670 00:36:33,280 --> 00:36:35,600 Speaker 1: I was still going to a House Republican who is 671 00:36:35,640 --> 00:36:40,000 Speaker 1: also bullets on um U. S m c A. I'm skeptical, skepticism, 672 00:36:40,080 --> 00:36:44,480 Speaker 1: I'm an optimist. Stop, well, you're gonna give President Trump 673 00:36:44,640 --> 00:36:48,040 Speaker 1: a victory? Uh, fairly close to the election. I mean 674 00:36:48,040 --> 00:36:50,279 Speaker 1: at least, you know, a year out, but still a 675 00:36:50,280 --> 00:36:53,920 Speaker 1: big victory. And I think Trump honestly would benefit significantly 676 00:36:53,920 --> 00:36:56,080 Speaker 1: because he's he doesn't there's no deal in China I 677 00:36:56,120 --> 00:36:58,640 Speaker 1: know they're talking, and they're gonna resume talks. But but 678 00:36:58,680 --> 00:37:02,400 Speaker 1: if he can get this through. Uh remember most Democrats 679 00:37:02,400 --> 00:37:06,440 Speaker 1: are opposed to this and so but can they get 680 00:37:06,480 --> 00:37:09,520 Speaker 1: it done? Vice President Pence is pushing very hard for this. 681 00:37:09,920 --> 00:37:12,879 Speaker 1: I think they got a shot. But anytime you bet 682 00:37:12,880 --> 00:37:15,280 Speaker 1: that something's not gonna happen in Washington, you usually write, 683 00:37:15,480 --> 00:37:19,160 Speaker 1: you know, it is interesting, and a lot of will 684 00:37:19,160 --> 00:37:23,560 Speaker 1: be able to say that it's not liberal enough and 685 00:37:23,600 --> 00:37:26,840 Speaker 1: that it's a deal for Wall Street corporations and whatnot. 686 00:37:27,560 --> 00:37:30,680 Speaker 1: But if they can find that that narrow sweet spot 687 00:37:30,760 --> 00:37:34,879 Speaker 1: of some of those centrist Democrats and suburban Democrats who 688 00:37:35,000 --> 00:37:37,719 Speaker 1: could get on board with this, it's gonna be It's 689 00:37:37,719 --> 00:37:39,799 Speaker 1: gonna be interesting. You know, Joe Crawley is working on 690 00:37:39,960 --> 00:37:42,839 Speaker 1: trying to get some some of his old colleagues in there. 691 00:37:42,880 --> 00:37:44,520 Speaker 1: What else is on your radar? We got a minute left. 692 00:37:44,560 --> 00:37:46,640 Speaker 1: What's what's another story that jumped out at you today? 693 00:37:46,920 --> 00:37:50,120 Speaker 1: It can be a weird one, weird one of them. Well, 694 00:37:50,360 --> 00:37:52,160 Speaker 1: I think this. I think one of the things on 695 00:37:52,200 --> 00:37:55,200 Speaker 1: the Mueller issue is we're not there yet, but think 696 00:37:55,239 --> 00:38:00,560 Speaker 1: about pardons, will Trump pardon manifort, Willie pardon, flip in now. 697 00:38:00,560 --> 00:38:02,600 Speaker 1: I don't think he's gonna do it. Probably before the election, 698 00:38:02,680 --> 00:38:05,600 Speaker 1: you never know. But because of what happened at the 699 00:38:05,640 --> 00:38:08,239 Speaker 1: hearing and because it was such a dud, I think 700 00:38:08,400 --> 00:38:11,120 Speaker 1: he's going to say that was ridiculous. Let let me pardon. 701 00:38:11,239 --> 00:38:12,520 Speaker 1: Some of these guys have got in trouble. You think 702 00:38:12,520 --> 00:38:17,040 Speaker 1: Paul Maniford watched yesterday? Maybe, I mean I think a 703 00:38:17,080 --> 00:38:18,440 Speaker 1: lot of people watch, but I think a lot of 704 00:38:18,440 --> 00:38:21,680 Speaker 1: people turn it off after a while. All right, Well, 705 00:38:21,760 --> 00:38:23,560 Speaker 1: one thing about you, Bob, is that we will never 706 00:38:23,640 --> 00:38:27,160 Speaker 1: turn it off because you are a consummate political junkie. 707 00:38:27,520 --> 00:38:30,839 Speaker 1: Very appreciative and grateful for the legendary Bob c Zack, 708 00:38:31,239 --> 00:38:34,560 Speaker 1: the editor in chief of The Hill newspaper UH and 709 00:38:34,680 --> 00:38:38,560 Speaker 1: tennis player tennis player as well. I'm Kevin Sirley. Download 710 00:38:38,600 --> 00:38:41,440 Speaker 1: the sound on podcast on Apple iTunes, at Bloomberg dot com, 711 00:38:41,520 --> 00:38:43,839 Speaker 1: or by downloading Bloomberg Business app. You can also find 712 00:38:43,880 --> 00:38:46,680 Speaker 1: us on Radio dot com, I Heart Radio, and Spotify. 713 00:38:46,960 --> 00:38:48,480 Speaker 1: Thanks for listening to Bloomberg