1 00:00:01,680 --> 00:00:06,200 Speaker 1: Now from our nation's capital. This is Bloomberg's sound on 2 00:00:07,040 --> 00:00:10,200 Speaker 1: Iranian military personnel. We're on the ground in Crimea and 3 00:00:10,280 --> 00:00:14,560 Speaker 1: assisted Russia in these operations. We continue to see Iran 4 00:00:14,760 --> 00:00:18,720 Speaker 1: be complicit in terms of exporting terror. Now also to Ukraine. 5 00:00:18,760 --> 00:00:22,079 Speaker 1: Plutin has no interest to show no interest in any 6 00:00:22,160 --> 00:00:26,599 Speaker 1: kind of diplomatic movement. Bloomberg Sound on Politics, Policy and 7 00:00:26,640 --> 00:00:33,680 Speaker 1: perspective from DC's top names. This illegitimate regime. Their judgment 8 00:00:33,800 --> 00:00:37,320 Speaker 1: day is on a November. There are individuals who didn't 9 00:00:37,600 --> 00:00:41,280 Speaker 1: come before our committee. Bloomberg Sound On with Joe Matthew 10 00:00:41,680 --> 00:00:46,800 Speaker 1: on Bloomberg Radio. Iranian boots on the ground in Ukraine. 11 00:00:46,840 --> 00:00:50,400 Speaker 1: Welcome to the fastest hour in politics. As the White 12 00:00:50,440 --> 00:00:53,240 Speaker 1: House says, the troops were sent there to help Russia 13 00:00:53,400 --> 00:00:56,880 Speaker 1: use their new drones, the same Kama Kaze drones use 14 00:00:56,920 --> 00:01:00,440 Speaker 1: against civilians. This week, we'll have the latest from Washington 15 00:01:00,520 --> 00:01:05,160 Speaker 1: and insights ahead from William Taylor, former US ambassador to Ukraine. 16 00:01:05,600 --> 00:01:08,640 Speaker 1: Later Steve Bannon gets four months in prison the same 17 00:01:08,720 --> 00:01:11,839 Speaker 1: day Donald Trump is subpoena to testify before the January 18 00:01:11,880 --> 00:01:15,480 Speaker 1: six Committee. We'll talk about both with Bloomberg. Washington reporter 19 00:01:15,600 --> 00:01:19,160 Speaker 1: Mike Dorning and as President Biden predicts Democrats will keep 20 00:01:19,160 --> 00:01:22,080 Speaker 1: Congress in the midterms. Will get analysis from our signature 21 00:01:22,080 --> 00:01:26,160 Speaker 1: panel a Friday with Bloomberg Politics contributors Rick Davis and 22 00:01:26,240 --> 00:01:29,640 Speaker 1: Jeanie Schanzano. We know Russia has been using drones provided 23 00:01:29,680 --> 00:01:32,560 Speaker 1: by Iran to target civilians. Over the past week. We've 24 00:01:32,600 --> 00:01:38,120 Speaker 1: seen horrifying images and read terrifying stories for harrowing accounts. 25 00:01:38,720 --> 00:01:42,160 Speaker 1: The US says, though, that not only have Iranian drones 26 00:01:42,240 --> 00:01:44,440 Speaker 1: been used by Russia, and that's not real news, this 27 00:01:44,480 --> 00:01:48,520 Speaker 1: has been around for a bit. The Iranians themselves are 28 00:01:48,640 --> 00:01:53,400 Speaker 1: there Iranian boots on the ground in Russia occupied areas 29 00:01:53,480 --> 00:01:57,040 Speaker 1: of Ukraine. Here, State Department spokesman Ned Price, we assess 30 00:01:57,200 --> 00:02:01,320 Speaker 1: that Iranian personnel, Iranian military personnel, we're on the ground 31 00:02:01,320 --> 00:02:06,160 Speaker 1: in Crimea and assisted Russia in these operations. Russia denies 32 00:02:06,200 --> 00:02:10,200 Speaker 1: it's even using Iranian made drones, which did not keep 33 00:02:10,240 --> 00:02:14,080 Speaker 1: the European Union from announcing new sanctions sanctions on an 34 00:02:14,120 --> 00:02:17,880 Speaker 1: Iranian aerospace company and three Iranian generals for providing them. 35 00:02:17,880 --> 00:02:21,640 Speaker 1: Pentagon spokesman Brigadier General Pat Ryder says this this new 36 00:02:21,680 --> 00:02:24,880 Speaker 1: Iranian element has not, however, been enough to turn the 37 00:02:24,880 --> 00:02:27,800 Speaker 1: tide here he is from a strategic standpoint, it still 38 00:02:27,840 --> 00:02:31,239 Speaker 1: doesn't change the fact that Russian forces on the ground 39 00:02:31,480 --> 00:02:36,240 Speaker 1: continue to lose territory or at best, hole ground. But 40 00:02:36,360 --> 00:02:39,440 Speaker 1: more drones are coming from Iran is the word today 41 00:02:39,480 --> 00:02:44,440 Speaker 1: from Secretary of State Anthony Blincoln, making things ever more 42 00:02:44,520 --> 00:02:48,960 Speaker 1: complex in Ukraine. This idea of Iranian boots on the ground. 43 00:02:49,080 --> 00:02:52,040 Speaker 1: Let's bring in William Taylor, who I know has strong 44 00:02:52,120 --> 00:02:54,680 Speaker 1: feelings about all of this, the former U s Ambassador 45 00:02:54,720 --> 00:02:57,400 Speaker 1: to Ukraine now Vice President Russia and Europe at the 46 00:02:57,480 --> 00:03:00,960 Speaker 1: US Institute of Peace. Ambassador, Well, come back to Bloomberg. 47 00:03:01,040 --> 00:03:04,320 Speaker 1: How significant is it to have Iranian trainers inside Ukraine, 48 00:03:04,360 --> 00:03:08,760 Speaker 1: whether it's called Russian occupied Ukraine or not. So Joe, 49 00:03:08,800 --> 00:03:12,600 Speaker 1: it's it is significant, um and and the significance is 50 00:03:13,080 --> 00:03:18,880 Speaker 1: demonstrates what trouble, what difficulty you want to bind Russia 51 00:03:19,040 --> 00:03:22,440 Speaker 1: is in. So Russia does not have the ability to 52 00:03:22,600 --> 00:03:30,400 Speaker 1: manufacture weapons of precision guided munitions. Why because they don't 53 00:03:30,440 --> 00:03:34,600 Speaker 1: have the components. They can't import the components. United States 54 00:03:34,639 --> 00:03:38,040 Speaker 1: and other nations have denied them and denied the Russians, 55 00:03:38,080 --> 00:03:40,680 Speaker 1: so they have to go other places. And apparently they've 56 00:03:40,680 --> 00:03:43,920 Speaker 1: gone to Iran apparently they've gone to North Korea. That's 57 00:03:43,960 --> 00:03:47,480 Speaker 1: what they're that's they're reduced. So it is significant. We've 58 00:03:47,560 --> 00:03:49,880 Speaker 1: kept a distance though, with all of the hardware that 59 00:03:49,960 --> 00:03:53,400 Speaker 1: we have provided Ukraine. We pull Ukrainians out of the 60 00:03:53,440 --> 00:03:56,520 Speaker 1: country and bring them to NATO countries like Poland or 61 00:03:56,600 --> 00:03:59,760 Speaker 1: Romania to train them and send them back. Now Russia, 62 00:04:00,040 --> 00:04:02,760 Speaker 1: of course, you know, there's a lot of gray area here. 63 00:04:03,360 --> 00:04:06,120 Speaker 1: Russia just brings the Iranians right into Ukraine, but they 64 00:04:06,120 --> 00:04:07,960 Speaker 1: do it in areas that they call Russia, and I 65 00:04:07,960 --> 00:04:11,320 Speaker 1: suspect we'll see this in other zones as well. But 66 00:04:11,400 --> 00:04:14,480 Speaker 1: it increases the risk level, Right if we get into 67 00:04:14,480 --> 00:04:17,680 Speaker 1: a direct engagement or if Ukraine US in a direct 68 00:04:17,720 --> 00:04:23,320 Speaker 1: engagement with Iranian forces, doesn't that change the game? I'm 69 00:04:23,360 --> 00:04:26,880 Speaker 1: not sure it changes the game? Um, but well, um, 70 00:04:27,400 --> 00:04:30,760 Speaker 1: if the Iranian forces are in let's stay Crimea, which 71 00:04:30,960 --> 00:04:34,520 Speaker 1: we recognize and the world recognize this as part of Ukraine. 72 00:04:35,040 --> 00:04:39,839 Speaker 1: We know that the Ukrainians, apparently without our weapons on 73 00:04:40,320 --> 00:04:44,360 Speaker 1: using their own weapons, have struck targets, military targets inside 74 00:04:44,400 --> 00:04:48,359 Speaker 1: of Crimea. So the Iranians are taking some risk in 75 00:04:48,480 --> 00:04:52,440 Speaker 1: basing in Crimea. And and having the training go on 76 00:04:52,520 --> 00:04:54,720 Speaker 1: there to help the Russians figure out how to use 77 00:04:54,760 --> 00:04:58,680 Speaker 1: these drones. There's some risk the the they're vulnerable to 78 00:04:58,800 --> 00:05:06,200 Speaker 1: attack from the Ukrainians. We're seeing drone warfare perfected in 79 00:05:06,279 --> 00:05:09,760 Speaker 1: this conflict, certainly advanced the way the Ukrainians had used 80 00:05:09,800 --> 00:05:14,200 Speaker 1: drones to sink the flagship uh ship in the in 81 00:05:14,240 --> 00:05:17,240 Speaker 1: the Black Sea, that Russian ship, the way that they 82 00:05:17,279 --> 00:05:20,520 Speaker 1: have used them to protect themselves as well. I spoke 83 00:05:20,560 --> 00:05:22,800 Speaker 1: earlier this week with of all people, Mark Hamill, that 84 00:05:22,920 --> 00:05:27,320 Speaker 1: the actor Luke Skywalker, who's signed on as Ukraine's so 85 00:05:27,360 --> 00:05:31,080 Speaker 1: called ambassador of drones. Maybe you guys will get together 86 00:05:31,120 --> 00:05:33,640 Speaker 1: at a cocktail party or something. Ambassador, but he's helping 87 00:05:33,640 --> 00:05:36,039 Speaker 1: to raise money for drones and to get donations of 88 00:05:36,120 --> 00:05:39,000 Speaker 1: drones for Ukraine. Listen to the way he put it, 89 00:05:39,600 --> 00:05:45,240 Speaker 1: Ukraine needs drones, and you know they define war outcomes. 90 00:05:45,360 --> 00:05:49,240 Speaker 1: They are they protect their land, their people there, they 91 00:05:49,279 --> 00:05:52,800 Speaker 1: monitor the border, their their eyes in the sky, and 92 00:05:53,120 --> 00:05:57,160 Speaker 1: not just we're not just looking for volnetary contributions, but 93 00:05:57,640 --> 00:05:59,719 Speaker 1: if you have an actual drone. I saw that. I 94 00:05:59,839 --> 00:06:02,360 Speaker 1: was really shocked, because I mean, they give me these 95 00:06:03,040 --> 00:06:06,560 Speaker 1: updates at least two or three times a week about 96 00:06:06,640 --> 00:06:11,080 Speaker 1: what's going on, and they said that they've received over 97 00:06:11,160 --> 00:06:16,520 Speaker 1: five drones. Incredible. I started this. I know he's obviously 98 00:06:16,560 --> 00:06:18,320 Speaker 1: doing what he can to help. And that's all for 99 00:06:18,480 --> 00:06:22,919 Speaker 1: United twenty four, this government program to raise money for 100 00:06:22,960 --> 00:06:25,719 Speaker 1: these types of things for Ukraine. Ambassador Taylor. I just 101 00:06:25,800 --> 00:06:28,680 Speaker 1: wonder what this leads to, uh, in sort of a 102 00:06:28,720 --> 00:06:32,480 Speaker 1: new generation of warfare. So it is a new generation, 103 00:06:33,160 --> 00:06:35,960 Speaker 1: new generation, Joe. You're exactly right, Um, And both sides, 104 00:06:36,000 --> 00:06:40,039 Speaker 1: as you say, are using these drones. Um. The Ukrainians 105 00:06:40,080 --> 00:06:43,800 Speaker 1: are using these drones to to direct their artillery, and 106 00:06:43,839 --> 00:06:46,480 Speaker 1: their artillery has been enhanced as we know, by the 107 00:06:46,560 --> 00:06:50,080 Speaker 1: Americans and by other other NATO nations to give them 108 00:06:50,120 --> 00:06:53,840 Speaker 1: the ability to strike deep. The Ukrainians the ability to 109 00:06:53,880 --> 00:06:56,320 Speaker 1: strike deep, and in order to strike deep with accuracy, 110 00:06:56,360 --> 00:06:58,520 Speaker 1: they need to know exactly where the targets are, so 111 00:06:58,560 --> 00:07:02,240 Speaker 1: the drones give them that ability, UM. And the drones 112 00:07:02,360 --> 00:07:07,040 Speaker 1: also are very valuable in identifying other targets that are 113 00:07:07,120 --> 00:07:10,400 Speaker 1: that are on the front lot. So yes, uh, and 114 00:07:10,920 --> 00:07:14,960 Speaker 1: these could be civilian drones. UM. The eyes, um, and 115 00:07:15,120 --> 00:07:18,160 Speaker 1: that that we're talking about here are very valuable for 116 00:07:18,320 --> 00:07:20,200 Speaker 1: in the military but they don't have to, they don't 117 00:07:20,200 --> 00:07:23,640 Speaker 1: have to be weaponized. They've been incredible in in evening 118 00:07:23,640 --> 00:07:26,120 Speaker 1: the playing field. And what has been, or at least 119 00:07:26,160 --> 00:07:29,240 Speaker 1: was at first perceived to be a David and Goliath conflict. 120 00:07:29,320 --> 00:07:31,680 Speaker 1: You can judge for yourself if it still is. But 121 00:07:32,080 --> 00:07:35,760 Speaker 1: John Kirby, the retired admiral now speaking for the National 122 00:07:35,800 --> 00:07:39,720 Speaker 1: Security Council. Admiral says they will consider new sanctions against 123 00:07:39,800 --> 00:07:43,000 Speaker 1: Iran because of this revelation. What would those sanctions look like? 124 00:07:43,120 --> 00:07:46,520 Speaker 1: Would it matter? Probably would matter. It's a strong signal. 125 00:07:46,640 --> 00:07:50,360 Speaker 1: The sanctions that we already have on Iran, like the 126 00:07:50,400 --> 00:07:53,960 Speaker 1: ones we have on Russia, do have an effect. Um. 127 00:07:54,040 --> 00:07:57,680 Speaker 1: They send a message that you're not at you. If 128 00:07:57,720 --> 00:08:01,800 Speaker 1: you're an official Irani in official or Russian official responsible 129 00:08:02,040 --> 00:08:06,560 Speaker 1: for these war crimes or this war, this unprovoked war 130 00:08:07,320 --> 00:08:10,560 Speaker 1: that the Russians are fighting, then you're subject to being sanctioned. 131 00:08:10,960 --> 00:08:13,960 Speaker 1: The real sanctions, though, Joe, are the are the ones 132 00:08:14,040 --> 00:08:17,400 Speaker 1: on the economy, on the Russian economy in particular. Um, 133 00:08:17,520 --> 00:08:19,720 Speaker 1: And of course the Irans have known what that is, 134 00:08:19,760 --> 00:08:23,560 Speaker 1: and that is that is hurting the Russian ability to 135 00:08:24,200 --> 00:08:26,160 Speaker 1: continue to pursue this war. So when's the time for 136 00:08:26,200 --> 00:08:29,200 Speaker 1: a serious conversation about secondary sanctions. And I know everyone 137 00:08:29,200 --> 00:08:31,320 Speaker 1: in Washington is kind of afraid to talk about that, 138 00:08:31,360 --> 00:08:33,320 Speaker 1: But isn't that where we're going here, whether it's Iran 139 00:08:33,440 --> 00:08:36,720 Speaker 1: or China, wherever it's trying to help Russia, it absolutely is, 140 00:08:36,880 --> 00:08:39,000 Speaker 1: It absolutely is, And you're right to bring up China. 141 00:08:39,440 --> 00:08:43,800 Speaker 1: China is a very interesting case. They while they professed 142 00:08:43,840 --> 00:08:49,240 Speaker 1: before the war, before the Russians invaded Ukraine, the Chinese 143 00:08:49,240 --> 00:08:51,760 Speaker 1: and Russians, that is, the President She and President Puttin 144 00:08:51,800 --> 00:08:54,280 Speaker 1: got together and they said they were gonna work together. 145 00:08:54,280 --> 00:08:57,960 Speaker 1: There's no limit to their cooperation. But we remember this 146 00:08:58,120 --> 00:09:01,559 Speaker 1: whereever it is comment however, eve of the war, because 147 00:09:01,600 --> 00:09:03,160 Speaker 1: on the eve of the war is at the at 148 00:09:03,200 --> 00:09:07,920 Speaker 1: the Olympics, the opening of the Olympics. Exactly right, And um, 149 00:09:08,160 --> 00:09:11,120 Speaker 1: the Russians have been disappointed at the support that they're 150 00:09:11,200 --> 00:09:14,839 Speaker 1: not getting from the Chinese. The Russians have wanted financial 151 00:09:14,840 --> 00:09:18,080 Speaker 1: support or on the topic that we're talking about now, 152 00:09:18,240 --> 00:09:20,920 Speaker 1: the Russians have wanted the Chinese to help the Russians 153 00:09:20,960 --> 00:09:24,760 Speaker 1: get around evade these sanctions, and the and the Chinese 154 00:09:25,000 --> 00:09:27,000 Speaker 1: have said no, they're not going to do it. Why 155 00:09:27,400 --> 00:09:30,400 Speaker 1: secondary sanctions. They don't want to be sanctioned for breaking 156 00:09:30,440 --> 00:09:33,679 Speaker 1: these these sanctions on the Russians. They've got enough trouble 157 00:09:33,720 --> 00:09:36,040 Speaker 1: with the United States at the moment. Can we assume 158 00:09:36,120 --> 00:09:38,640 Speaker 1: the Irun nuclear deal is dead? My asking you a 159 00:09:38,720 --> 00:09:41,480 Speaker 1: dumb question here, No, you're not asking a dub question 160 00:09:41,480 --> 00:09:43,960 Speaker 1: at all. It sounds like there's not much interest on 161 00:09:44,000 --> 00:09:46,680 Speaker 1: our side with this stuff going on. How does that 162 00:09:46,760 --> 00:09:49,760 Speaker 1: even how is that even possible? Exactly? How do you 163 00:09:49,760 --> 00:09:52,280 Speaker 1: how do you have a negotiation with someone who is 164 00:09:52,440 --> 00:09:56,800 Speaker 1: arming the Ukrainians in support of the Russians. But it's 165 00:09:56,800 --> 00:09:59,960 Speaker 1: also complicated where the Russian the Russian has been part, 166 00:10:00,120 --> 00:10:03,560 Speaker 1: you know, supportive of this deal and now probably not 167 00:10:03,640 --> 00:10:07,200 Speaker 1: so much. Yeah, what is this going to look like? 168 00:10:07,240 --> 00:10:09,560 Speaker 1: Between now? In winter? Ambassadors? So much is said and 169 00:10:09,600 --> 00:10:11,560 Speaker 1: I know that you're not a you're not a general, 170 00:10:11,559 --> 00:10:13,440 Speaker 1: you're an ambassador, but so much is said about the 171 00:10:13,440 --> 00:10:16,360 Speaker 1: closing window because of the season. We're talking about the 172 00:10:16,440 --> 00:10:18,800 Speaker 1: use of drones in a lot of creative ways by 173 00:10:19,240 --> 00:10:22,199 Speaker 1: certainly at least Ukraine, in some deadly ways by Russia. 174 00:10:22,760 --> 00:10:25,839 Speaker 1: But how can Ukraine continue to close the gap before 175 00:10:25,840 --> 00:10:29,320 Speaker 1: it gets too cold? The right question, that's exactly the 176 00:10:29,400 --> 00:10:33,800 Speaker 1: right question, Joe. And the real key m The real 177 00:10:33,920 --> 00:10:39,800 Speaker 1: important factor on the ground in Ukraine is infantry, is 178 00:10:39,920 --> 00:10:43,480 Speaker 1: soldiers um. And the soldiers are the ones that are 179 00:10:43,520 --> 00:10:47,679 Speaker 1: moving the boundaries, that are pushing the Russians back. Um. 180 00:10:47,880 --> 00:10:50,040 Speaker 1: The artillery is important to help them do that. The 181 00:10:50,120 --> 00:10:52,559 Speaker 1: drones are important for the artillery, like we were just saying, 182 00:10:52,800 --> 00:10:57,560 Speaker 1: But it's really the the Ukrainian military on the ground 183 00:10:58,040 --> 00:11:01,480 Speaker 1: that is steadily in some case, is rapidly pushing the 184 00:11:01,520 --> 00:11:05,400 Speaker 1: Russians back out of their country. This is going very rapidly, 185 00:11:05,480 --> 00:11:08,400 Speaker 1: as we've seen. It's a route in the north, it's 186 00:11:08,559 --> 00:11:11,480 Speaker 1: it's a it's it's it's still moving in the south, 187 00:11:11,600 --> 00:11:15,079 Speaker 1: not as fast. But what might happen? What we should 188 00:11:15,120 --> 00:11:17,439 Speaker 1: keep our eye on, his hair Song that this city 189 00:11:17,480 --> 00:11:19,720 Speaker 1: down there, it's on the west side of this river, 190 00:11:19,880 --> 00:11:22,120 Speaker 1: of the of the main river, Nipper River that's going 191 00:11:22,160 --> 00:11:25,240 Speaker 1: down towards the Black Sea, and the hair soon has 192 00:11:25,280 --> 00:11:29,160 Speaker 1: about twenty thousand Russian soldiers there that are about to 193 00:11:29,280 --> 00:11:32,000 Speaker 1: be cut off, Joe. If they're cut off, they're surrounded, 194 00:11:32,440 --> 00:11:34,199 Speaker 1: they don't have a way to get out, and they 195 00:11:34,240 --> 00:11:36,840 Speaker 1: don't have a way to resupply. They're in trouble. He 196 00:11:36,880 --> 00:11:39,400 Speaker 1: knows Ukraine as well as anyone we can talk to 197 00:11:39,520 --> 00:11:43,640 Speaker 1: on Bloomberg. William Taylor, many thanks, should have his own broadcast. 198 00:11:43,679 --> 00:11:46,640 Speaker 1: I could listen to you all day, former US Ambassador 199 00:11:46,679 --> 00:11:49,840 Speaker 1: to Ukraine, now at the US Institute of Peace and 200 00:11:49,960 --> 00:11:52,760 Speaker 1: kicking off the fastest hour in politics on a Friday. 201 00:11:52,840 --> 00:11:55,760 Speaker 1: We've got the panel next time, Joe Matthew, This is Bloomberg. 202 00:11:57,840 --> 00:12:04,559 Speaker 1: You're listening to Bloomberg Sound with Joe Matthew on Bloombird Radio. 203 00:12:05,960 --> 00:12:08,480 Speaker 1: You know that conversation with Mark Hamill that we had 204 00:12:08,520 --> 00:12:13,760 Speaker 1: earlier this week, the ambassador of drones has gone viral online. 205 00:12:14,480 --> 00:12:17,880 Speaker 1: Even the Russian Embassy was tweeting about it today. We 206 00:12:18,000 --> 00:12:21,880 Speaker 1: know they're listening right now. Maybe we should do a 207 00:12:21,920 --> 00:12:24,280 Speaker 1: remote right over there on Wisconsin Avenue. Yeah, really, the 208 00:12:24,320 --> 00:12:28,480 Speaker 1: Russian embassy tweeting some upset about the shirt. I guess 209 00:12:28,480 --> 00:12:30,640 Speaker 1: that President Zelenski was wearing in one of the many 210 00:12:30,640 --> 00:12:33,360 Speaker 1: pickups that we got. Man, everybody got clicks on that one. 211 00:12:33,400 --> 00:12:37,480 Speaker 1: Everyone got a piece of Mark Hamill saying that five 212 00:12:37,600 --> 00:12:42,800 Speaker 1: hundred drones now have already been gathered on behalf Ukraine. 213 00:12:43,600 --> 00:12:46,720 Speaker 1: We assemble the panel and it's great to have Rick 214 00:12:46,800 --> 00:12:49,520 Speaker 1: Davis back with us, and of course Jeanie Chanzano. Our 215 00:12:49,559 --> 00:12:53,160 Speaker 1: signature panel wouldn't be really Friday without both of them 216 00:12:53,200 --> 00:12:57,800 Speaker 1: together here Bloomberg Politics Contributors, Rick, welcome back. When you 217 00:12:57,880 --> 00:13:00,880 Speaker 1: hear this idea about Iranian boots and I don't know, 218 00:13:00,960 --> 00:13:03,120 Speaker 1: you know, we're we're talking about trainers here, It's not 219 00:13:03,160 --> 00:13:06,880 Speaker 1: like they've got infantry running around, but Iranian operatives whatever 220 00:13:06,920 --> 00:13:09,920 Speaker 1: you want to call them, on the ground in Ukraine. 221 00:13:10,000 --> 00:13:13,040 Speaker 1: Isn't that upping the anti uh? Yeah? And I think 222 00:13:13,040 --> 00:13:15,240 Speaker 1: we just need a level set this too. There's a 223 00:13:15,400 --> 00:13:18,400 Speaker 1: u N ban as Security Council ban on the transfer 224 00:13:18,600 --> 00:13:21,959 Speaker 1: of weapons like these that the Iranians have sent to 225 00:13:22,080 --> 00:13:25,319 Speaker 1: Russia or sent to Ukraine on behalf of the Russians. 226 00:13:25,360 --> 00:13:27,120 Speaker 1: So it's not like just this is some kind of 227 00:13:27,120 --> 00:13:31,760 Speaker 1: a transaction. They're violating u N. Security Council rules against 228 00:13:31,880 --> 00:13:34,560 Speaker 1: the transport of these kinds of weapons. And then you 229 00:13:34,600 --> 00:13:38,760 Speaker 1: add insult to injury by flaunting that that that ignorance 230 00:13:38,800 --> 00:13:42,440 Speaker 1: of of of the law by then sending operatives there. 231 00:13:42,679 --> 00:13:44,640 Speaker 1: And it shouldn't shock any of us that the Russians 232 00:13:44,640 --> 00:13:46,719 Speaker 1: didn't know how to use a controller, right, I mean 233 00:13:47,200 --> 00:13:50,720 Speaker 1: you know, it's it's just it's just more evidence that 234 00:13:50,760 --> 00:13:54,040 Speaker 1: the Russian military is really you know, stone age, and 235 00:13:54,080 --> 00:13:57,160 Speaker 1: they're thinking, and so now they've got to send these Iranians. 236 00:13:57,200 --> 00:13:59,400 Speaker 1: And and we should also remember that while all this 237 00:13:59,480 --> 00:14:02,080 Speaker 1: is going on, where the arrange exporting this kind of terror, 238 00:14:02,440 --> 00:14:07,240 Speaker 1: they're also creating a crackdown at home against legitimate democracy 239 00:14:07,280 --> 00:14:10,640 Speaker 1: protesters who are tired of a repressive regime. So, you know, 240 00:14:10,880 --> 00:14:13,520 Speaker 1: it's one of the worst regimes in the world right now. 241 00:14:13,679 --> 00:14:16,480 Speaker 1: And and and and frankly, I don't think the world 242 00:14:16,520 --> 00:14:20,760 Speaker 1: is doing enough to sanction Iran, both because of the 243 00:14:20,800 --> 00:14:23,800 Speaker 1: export of terror and the skies over Ukraine, but also 244 00:14:23,880 --> 00:14:25,920 Speaker 1: the way they're treating their own people at home. We 245 00:14:25,960 --> 00:14:28,840 Speaker 1: should be clear, this information is coming from the White House, Genie, 246 00:14:28,920 --> 00:14:31,680 Speaker 1: it's not like Russia announced this. In fact, listen to 247 00:14:32,280 --> 00:14:34,960 Speaker 1: h ned Price again, the spokesman for the State Department. 248 00:14:35,440 --> 00:14:39,480 Speaker 1: Russia and Iran continue to lie, continue to claim that 249 00:14:39,560 --> 00:14:42,760 Speaker 1: there's no they're there. Uh. The Iranians continue to claim 250 00:14:42,800 --> 00:14:45,760 Speaker 1: that they are not providing this material. Uh. And for 251 00:14:45,960 --> 00:14:49,080 Speaker 1: indisputable proof to continue to emerge. So you want to 252 00:14:49,080 --> 00:14:52,000 Speaker 1: believe me or you're lying eyes Genie, that's right, and 253 00:14:52,000 --> 00:14:54,800 Speaker 1: and and the EU said they're putting new sanctions on 254 00:14:54,840 --> 00:14:58,280 Speaker 1: They describe these as kami kaze drones um that Russia 255 00:14:58,320 --> 00:15:00,480 Speaker 1: has used. And let's not forget the pact of this. 256 00:15:00,640 --> 00:15:05,560 Speaker 1: Now of the civilian energy has been destroyed or impacted 257 00:15:05,600 --> 00:15:09,800 Speaker 1: by this. The latest reports about their their mining this 258 00:15:10,000 --> 00:15:14,120 Speaker 1: area around this hydroelectric power plant, this dam that they 259 00:15:14,120 --> 00:15:17,080 Speaker 1: are threatening to blow up, and they're not sure you 260 00:15:17,080 --> 00:15:19,200 Speaker 1: know if or when that's going to happen, but certainly 261 00:15:19,280 --> 00:15:23,680 Speaker 1: that is a big threat, the damage to the civilian infrastructure, 262 00:15:23,680 --> 00:15:26,440 Speaker 1: but civilians on the ground, this is a real attempt 263 00:15:26,480 --> 00:15:29,640 Speaker 1: at a war of attrition on Russia's part, being aided 264 00:15:29,800 --> 00:15:32,800 Speaker 1: by Iran. At the same time, as Rick mentioned, while 265 00:15:32,840 --> 00:15:35,280 Speaker 1: these protests by dissidents are going on in around and 266 00:15:35,280 --> 00:15:37,920 Speaker 1: you've got the Biden administration engaging in talks with Elon 267 00:15:38,000 --> 00:15:41,480 Speaker 1: Musk to provide some kind of starling satellite inside around 268 00:15:41,520 --> 00:15:45,160 Speaker 1: to support protesters there. So it's a very complicated set 269 00:15:45,160 --> 00:15:49,520 Speaker 1: of situation, set of circumstances. Rather, and the Russians relentless 270 00:15:49,560 --> 00:15:53,440 Speaker 1: focus on civilians and civilian infrastructure is something that if 271 00:15:53,480 --> 00:15:58,160 Speaker 1: they aren't stopped, could really result in great danger that's 272 00:15:58,480 --> 00:16:01,640 Speaker 1: that's the reality on the ground there. Genie's referring to 273 00:16:01,680 --> 00:16:03,600 Speaker 1: a story, by the way, that actually was came from 274 00:16:03,760 --> 00:16:08,520 Speaker 1: President Zelenski himself. He claims that Russia has mind a 275 00:16:08,600 --> 00:16:12,160 Speaker 1: major hydro electric damn in in Ukraine. In the Ukraine 276 00:16:12,160 --> 00:16:14,680 Speaker 1: that that that would flood dozens of towns if they 277 00:16:14,680 --> 00:16:17,920 Speaker 1: blew this thing. It could be if this happens, a 278 00:16:18,040 --> 00:16:22,520 Speaker 1: horrifying development in the war. But the drones were talking 279 00:16:22,520 --> 00:16:25,800 Speaker 1: about rick, these Kama Kazi drones. I thought it was 280 00:16:25,840 --> 00:16:27,760 Speaker 1: interesting to read on the terminal that you know, we've 281 00:16:27,760 --> 00:16:31,560 Speaker 1: actually managed to get these materials so we could take 282 00:16:31,560 --> 00:16:34,480 Speaker 1: a look at them. You know, some of the drones 283 00:16:34,560 --> 00:16:37,640 Speaker 1: that that have been shot down and have or or 284 00:16:37,760 --> 00:16:40,640 Speaker 1: or have some pieces left from after they blow up, 285 00:16:40,880 --> 00:16:43,160 Speaker 1: and we're trying to find vulnerabilities and see how we 286 00:16:43,240 --> 00:16:45,680 Speaker 1: might be able to help defend Ukraine or shoot them down. 287 00:16:45,920 --> 00:16:49,040 Speaker 1: Don't we have all of this technology already well, first 288 00:16:49,040 --> 00:16:53,040 Speaker 1: of all, drone uh drone US as a military weapon, 289 00:16:53,160 --> 00:16:56,640 Speaker 1: especially what they call lord munitions, which is what these are. 290 00:16:56,680 --> 00:16:58,520 Speaker 1: They fly around looking for a target and then go 291 00:16:58,640 --> 00:17:00,960 Speaker 1: kill it. And as as Jenny said, you know that 292 00:17:00,960 --> 00:17:04,200 Speaker 1: that's the Kama Kaze part they blow themselves up. Um, 293 00:17:04,200 --> 00:17:07,720 Speaker 1: it's a relatively new development on the battlefield, right and 294 00:17:07,720 --> 00:17:09,480 Speaker 1: we're seeing it play out for us right in front 295 00:17:09,520 --> 00:17:13,080 Speaker 1: of you, you know, in Ukraine, and so the protections 296 00:17:13,080 --> 00:17:15,560 Speaker 1: against it, the anti drone technology comes in a lot 297 00:17:15,600 --> 00:17:18,000 Speaker 1: of different shapes and sizes, but it hasn't really been 298 00:17:18,000 --> 00:17:19,919 Speaker 1: proven on the battlefield because we haven't really had to 299 00:17:19,920 --> 00:17:23,600 Speaker 1: defend against you know, swarms and loan raiders like these. 300 00:17:23,640 --> 00:17:28,120 Speaker 1: So yes, there are ways, um, both through electronic measures 301 00:17:28,520 --> 00:17:31,040 Speaker 1: disconnecting the operator from the drone it falls out of 302 00:17:31,080 --> 00:17:34,000 Speaker 1: the sky, or you know, different ways of trying to 303 00:17:34,000 --> 00:17:36,280 Speaker 1: actually shoot down the drone. And we see pictures of 304 00:17:36,320 --> 00:17:40,760 Speaker 1: those coming out of Ukraine where they're launching rockets against 305 00:17:40,800 --> 00:17:44,520 Speaker 1: these drones. And so, uh, it is an experiment right 306 00:17:44,600 --> 00:17:47,040 Speaker 1: now as to what is the most effective way to 307 00:17:47,040 --> 00:17:49,720 Speaker 1: to neutralize this kind of threat. But look, I mean 308 00:17:49,800 --> 00:17:53,439 Speaker 1: Iran has been uh marketing these drones around the world 309 00:17:53,440 --> 00:17:56,000 Speaker 1: to other despotic regimes. You know, you can look at 310 00:17:56,000 --> 00:17:57,879 Speaker 1: them up on the internet. It's almost like, you know, 311 00:17:58,240 --> 00:18:00,520 Speaker 1: come by a drone and attack your own people with it, 312 00:18:00,640 --> 00:18:04,719 Speaker 1: and and so, uh it isn't new, but I would say, uh, 313 00:18:04,920 --> 00:18:06,879 Speaker 1: it's it's a development on the battlefield that's going to 314 00:18:06,960 --> 00:18:09,639 Speaker 1: reshape war as we know it. You heard the ambassador Genie. 315 00:18:09,640 --> 00:18:13,520 Speaker 1: Does this end in in additional sanctions against Iron? It will. 316 00:18:13,560 --> 00:18:16,200 Speaker 1: I think we're going to see increasing sanctions, but quite frankly, 317 00:18:16,320 --> 00:18:19,840 Speaker 1: it's probably not going to be enough. And and you know, 318 00:18:20,119 --> 00:18:22,120 Speaker 1: let's not forget. At the same time, you have everybody 319 00:18:22,119 --> 00:18:25,440 Speaker 1: from President Biden to Mike Pence saying to Republicans like 320 00:18:25,520 --> 00:18:28,440 Speaker 1: Kevin McCarthy, who may take over the House soon, you 321 00:18:28,560 --> 00:18:32,720 Speaker 1: can't defund this this effort. You cannot cut this aid. 322 00:18:33,040 --> 00:18:35,080 Speaker 1: And that is a very real threat as we look 323 00:18:35,080 --> 00:18:36,760 Speaker 1: at the damage on the ground. It's going to be 324 00:18:36,800 --> 00:18:39,240 Speaker 1: a huge debate in the next year. Rick and Genie, 325 00:18:39,280 --> 00:18:41,400 Speaker 1: thank you there with us for the hour. I'm Joe 326 00:18:41,440 --> 00:18:46,919 Speaker 1: Matthew and Washington. This is Bloomberg. It was quite the 327 00:18:46,960 --> 00:18:52,280 Speaker 1: scene when Steve Bannon arrived today for his sentencing. Give 328 00:18:52,280 --> 00:18:58,640 Speaker 1: a listen. Remember this illegitimate regime. Their their judgment day 329 00:18:58,840 --> 00:19:03,040 Speaker 1: is on a November when the Biden administration ends. I 330 00:19:03,080 --> 00:19:07,640 Speaker 1: want to thank you all for coming, thank you, and 331 00:19:07,720 --> 00:19:12,280 Speaker 1: remember take down the thank you. Okay. By the way, 332 00:19:12,520 --> 00:19:16,520 Speaker 1: CCPAN people are yelling Trader in the background. It was 333 00:19:16,560 --> 00:19:19,359 Speaker 1: crazier when he came out. Uh this, of course, the 334 00:19:19,440 --> 00:19:23,159 Speaker 1: longtime advisor to Donald Trump not just four months in 335 00:19:23,240 --> 00:19:27,840 Speaker 1: jail but also six thousand five fine, which shouldn't be 336 00:19:27,920 --> 00:19:29,960 Speaker 1: too much of a problem for him, I'm assuming because 337 00:19:29,960 --> 00:19:32,960 Speaker 1: he's been raising money on this story for quite a while. 338 00:19:33,000 --> 00:19:35,040 Speaker 1: And it happens the same day that Donald Trump gets 339 00:19:35,040 --> 00:19:36,719 Speaker 1: the subpoena. A lot of people were asking me, how 340 00:19:36,720 --> 00:19:39,400 Speaker 1: would this another subpoena. No, this is the same subpoena 341 00:19:39,600 --> 00:19:42,480 Speaker 1: that you saw them vote on in the January six 342 00:19:42,480 --> 00:19:44,480 Speaker 1: committee at the very end. Remember they took a vote 343 00:19:45,000 --> 00:19:47,680 Speaker 1: very end of the last committee hearing, supposedly the last 344 00:19:47,680 --> 00:19:49,560 Speaker 1: one that will be on TV. Well, he got that 345 00:19:49,640 --> 00:19:53,920 Speaker 1: today and it says that he must testify beginning November 346 00:19:56,520 --> 00:19:59,000 Speaker 1: for however long it takes. This could be days. And 347 00:19:59,040 --> 00:20:01,479 Speaker 1: he's got a hand over the documents that have been 348 00:20:01,520 --> 00:20:06,000 Speaker 1: subpoenaed by the fourth of November. Now. Mike Dorning has 349 00:20:06,040 --> 00:20:10,040 Speaker 1: been following this all along, Bloomberg Politics reporter and one 350 00:20:10,080 --> 00:20:13,560 Speaker 1: of the voices of reason here in the Washington bureau 351 00:20:13,640 --> 00:20:16,000 Speaker 1: at Bloomberg. Mike, it's great to have you. Thank you 352 00:20:16,040 --> 00:20:18,040 Speaker 1: for being here. Is that the coincidence he has come 353 00:20:18,080 --> 00:20:20,480 Speaker 1: down the same day. It is a coincidence that he's 354 00:20:20,520 --> 00:20:23,280 Speaker 1: come down the same day as far as I know. Um, 355 00:20:23,880 --> 00:20:26,920 Speaker 1: it's great to be here, Joe, by the way, great 356 00:20:26,960 --> 00:20:29,600 Speaker 1: to have you sir. So four months is does that 357 00:20:29,680 --> 00:20:31,560 Speaker 1: end up being good news for Steve Bannon? I mean, 358 00:20:31,560 --> 00:20:34,560 Speaker 1: I realized people should understand the significance. He's the first 359 00:20:34,560 --> 00:20:37,600 Speaker 1: Trump allied to actually be sentenced to prison for anything 360 00:20:37,640 --> 00:20:41,359 Speaker 1: involving January six. But he's turned this into a franchise also, 361 00:20:41,400 --> 00:20:44,600 Speaker 1: hasn't he? Oh for sure? And he's um, you know, 362 00:20:44,640 --> 00:20:49,200 Speaker 1: obviously using the moment to try to embolden um turn 363 00:20:49,240 --> 00:20:52,080 Speaker 1: out in the election, saying, hey, the judgment day is 364 00:20:52,160 --> 00:20:55,399 Speaker 1: November eight. Um, Actually the judgment day on the Biden 365 00:20:55,480 --> 00:20:58,040 Speaker 1: administration is going to be two years hence, but he 366 00:20:58,080 --> 00:21:00,720 Speaker 1: needs the people to come out at this mid term election. 367 00:21:01,400 --> 00:21:04,680 Speaker 1: The sentence is not that far from the maximum sentence 368 00:21:04,680 --> 00:21:06,880 Speaker 1: of six months. Um. The judge gave him a little 369 00:21:06,880 --> 00:21:10,640 Speaker 1: bit of credit. Um, Okay. There's a lot of questions 370 00:21:10,600 --> 00:21:13,000 Speaker 1: about where he was gonna go, and now I'm reading 371 00:21:13,000 --> 00:21:14,960 Speaker 1: it will be at a low security lock up. What's 372 00:21:15,000 --> 00:21:18,760 Speaker 1: his life going to be like? Uh, well, it's Um, 373 00:21:19,000 --> 00:21:21,439 Speaker 1: I I don't know the federal prisons that well, but 374 00:21:21,600 --> 00:21:24,399 Speaker 1: these low security lock ups tend not to be that bad. 375 00:21:24,480 --> 00:21:28,840 Speaker 1: They tend to be here with white collar criminals, it's um, 376 00:21:28,880 --> 00:21:32,119 Speaker 1: you know, dormitories and you might not book it for 377 00:21:32,119 --> 00:21:34,760 Speaker 1: a hotel, but it's not awful. So he's not going 378 00:21:34,840 --> 00:21:37,000 Speaker 1: to be like in you know, in in in the 379 00:21:37,440 --> 00:21:41,560 Speaker 1: Alcatraz style prison. We're all this prison. He'll be like 380 00:21:41,640 --> 00:21:48,720 Speaker 1: with insider traders and people who concocting scheme. Uh. Sorry, 381 00:21:48,920 --> 00:21:52,719 Speaker 1: the subpoena goes to Donald Trump. That's just a formality, right. 382 00:21:52,760 --> 00:21:56,560 Speaker 1: Did we were these dates known beforehand? I mean, is 383 00:21:56,600 --> 00:21:59,600 Speaker 1: there any chance he testifies on the fourte um The 384 00:21:59,680 --> 00:22:04,160 Speaker 1: date weren't known beforehand, he says, or people close to 385 00:22:04,240 --> 00:22:08,160 Speaker 1: him have him saying that, oh he would love to testify, um, 386 00:22:08,240 --> 00:22:12,200 Speaker 1: you know, and wants to do so publicly. Most people 387 00:22:12,280 --> 00:22:15,280 Speaker 1: think his lawyers would tell him not to testify because 388 00:22:15,359 --> 00:22:18,600 Speaker 1: if he says something untruthful, then you know, he would 389 00:22:18,640 --> 00:22:21,560 Speaker 1: be Um, he could be prosecuted under the law for 390 00:22:21,600 --> 00:22:24,600 Speaker 1: a false statement. Well, so okay, so there you go. 391 00:22:24,680 --> 00:22:28,240 Speaker 1: After what we saw today with Steve Bannon, the House 392 00:22:28,520 --> 00:22:31,640 Speaker 1: could vote on whether to make a criminal referral as 393 00:22:31,680 --> 00:22:37,040 Speaker 1: you report two Attorney General Merrick Ireland. Uh, a former 394 00:22:37,080 --> 00:22:39,239 Speaker 1: president is a lot different than Steve Bannon. Is there 395 00:22:39,280 --> 00:22:43,760 Speaker 1: any chance of that happening? Uh? You know, the House 396 00:22:43,760 --> 00:22:47,360 Speaker 1: could vote after November four to make a criminal referral. 397 00:22:47,440 --> 00:22:53,920 Speaker 1: But but he could also, you know, try to get 398 00:22:53,960 --> 00:22:58,240 Speaker 1: a court order and fight the subpoena on grounds of 399 00:22:58,520 --> 00:23:01,560 Speaker 1: executive privilege or something thing else and drag this on 400 00:23:02,160 --> 00:23:05,040 Speaker 1: and then lo and behold, we'd be onto the next Congress. 401 00:23:05,080 --> 00:23:08,160 Speaker 1: So there's a good chance in reality he could drag 402 00:23:08,200 --> 00:23:10,560 Speaker 1: it on until it's kind of a mood issue. Okay, 403 00:23:10,560 --> 00:23:12,880 Speaker 1: so that's the strategy. Then, right, you just let this, 404 00:23:13,080 --> 00:23:14,879 Speaker 1: Uh you let this kind of bleed out for the 405 00:23:14,920 --> 00:23:17,639 Speaker 1: rest of the year, assuming Republicans take the House and 406 00:23:17,680 --> 00:23:22,040 Speaker 1: they do plan. Kevin McCarthy has planned to dissolve this 407 00:23:22,080 --> 00:23:24,359 Speaker 1: committee all along, right if he has a chance to 408 00:23:24,359 --> 00:23:26,800 Speaker 1: do it. Yeah, And even if he doesn't, he would 409 00:23:26,840 --> 00:23:29,640 Speaker 1: get a chance to appoint the members of the committee, 410 00:23:29,640 --> 00:23:33,560 Speaker 1: and the once McCarthy points might not be as insistent. 411 00:23:34,880 --> 00:23:37,560 Speaker 1: I appreciate the insights as always, Mike Dorning, have a 412 00:23:37,600 --> 00:23:40,800 Speaker 1: great weekend, Like thanks for being here. Bloomberg Politics reporter 413 00:23:40,920 --> 00:23:43,920 Speaker 1: with us on Bloomberg Sound On, see what the panel 414 00:23:43,920 --> 00:23:46,720 Speaker 1: thinks about this quickly. Rick Davis and Jeannie Schanzano are 415 00:23:46,760 --> 00:23:50,960 Speaker 1: here Bloomberg Politics contributors. Jennie, does this change anything in 416 00:23:50,720 --> 00:23:53,840 Speaker 1: in sort of the broader January six case to see 417 00:23:53,840 --> 00:23:55,920 Speaker 1: Steve Banning go to jail or does it just enable 418 00:23:56,040 --> 00:23:58,639 Speaker 1: him to have more fun when he gets out. You know, 419 00:23:58,840 --> 00:24:01,000 Speaker 1: from the looks of it, when he came out afterwards, 420 00:24:01,040 --> 00:24:03,320 Speaker 1: he did not seem deterred at all, if that was 421 00:24:03,359 --> 00:24:06,760 Speaker 1: the judges intend talking about deterrence, and he seemed ready 422 00:24:06,800 --> 00:24:09,320 Speaker 1: to go and fundraise. You know, the judge gave him 423 00:24:09,359 --> 00:24:11,600 Speaker 1: time obviously on this appeal. He's not going to go 424 00:24:11,640 --> 00:24:14,040 Speaker 1: to jail. So I don't think it's going to change anything. 425 00:24:14,280 --> 00:24:17,560 Speaker 1: And certainly the president, the former president, is going to 426 00:24:17,600 --> 00:24:20,359 Speaker 1: be able to say he's got executive privilege that Steve 427 00:24:20,359 --> 00:24:22,840 Speaker 1: Bannon never had that And so we're not going to 428 00:24:22,920 --> 00:24:25,480 Speaker 1: see anything out of the subpoena with Trump except for 429 00:24:25,480 --> 00:24:27,840 Speaker 1: the opportunity for the committee to say in the report 430 00:24:27,880 --> 00:24:30,840 Speaker 1: that they gave him an opportunity to respond. That's really 431 00:24:30,840 --> 00:24:33,320 Speaker 1: what this is about. Okay, got we you heard Steve 432 00:24:33,359 --> 00:24:36,240 Speaker 1: Bannon going in and like one person yelling trade or whatever. 433 00:24:36,440 --> 00:24:39,800 Speaker 1: Listen to the craziness when he came out. Here's Steve 434 00:24:39,840 --> 00:24:44,199 Speaker 1: Bannon again, November eight, there's gonna have judgment on the 435 00:24:44,280 --> 00:24:48,679 Speaker 1: illegitimate Biden regime, and quite frankly, and quite frankly, the 436 00:24:48,880 --> 00:24:52,280 Speaker 1: Nancy Pelosi and the entire committee. And we know which 437 00:24:52,320 --> 00:24:57,159 Speaker 1: way that's going. Either they've already been turfed out like 438 00:24:57,320 --> 00:25:01,880 Speaker 1: Liz Cheney, right or if quit Kinzinger and all the Democrats, 439 00:25:02,840 --> 00:25:06,199 Speaker 1: or they're about to be beaten like Lauria and others. Okay, 440 00:25:06,200 --> 00:25:09,840 Speaker 1: so his name checking politicians here, Rick Davis, who he 441 00:25:09,880 --> 00:25:11,879 Speaker 1: thinks you know, will be will be brought down on 442 00:25:11,960 --> 00:25:14,159 Speaker 1: judgment day. Of course, Adam Kinzinger has already you know, 443 00:25:14,200 --> 00:25:17,800 Speaker 1: made up his own mind. But framing November eight as 444 00:25:17,880 --> 00:25:20,760 Speaker 1: judgment day, he probably sees it as worth going through 445 00:25:20,760 --> 00:25:25,240 Speaker 1: this to boost turnout or passion ahead of the election. Right, Well, 446 00:25:25,320 --> 00:25:27,439 Speaker 1: it certainly he sees worth going through as long as 447 00:25:27,480 --> 00:25:29,240 Speaker 1: his appeal works and he doesn't have to spend four 448 00:25:29,280 --> 00:25:32,040 Speaker 1: months in prison. So I would say nobody looks forward 449 00:25:32,080 --> 00:25:35,119 Speaker 1: to that was laid off to political activism. It's not 450 00:25:35,160 --> 00:25:36,880 Speaker 1: like he couldn't go stand in front of a bunch 451 00:25:36,920 --> 00:25:39,679 Speaker 1: of you know, radio and TV cameras and say the 452 00:25:39,720 --> 00:25:42,200 Speaker 1: same thing and get the same reaction. I would say 453 00:25:42,240 --> 00:25:44,199 Speaker 1: that nobody would have probably taken him alive like they 454 00:25:44,240 --> 00:25:47,119 Speaker 1: did today and actually honor this kind of diet tribe. 455 00:25:47,560 --> 00:25:50,480 Speaker 1: But the bottom line is that he's gonna try and 456 00:25:50,480 --> 00:25:54,080 Speaker 1: take credit for election wins that Republicans have in the House, 457 00:25:54,600 --> 00:25:57,239 Speaker 1: and to some degree, you know, he'll be emboldened by that. 458 00:25:57,359 --> 00:26:01,120 Speaker 1: Does he win the appeal? Is that a real case? Uh? 459 00:26:01,160 --> 00:26:04,000 Speaker 1: I wouldn't know how to handicap that, but I wouldn't 460 00:26:04,000 --> 00:26:07,560 Speaker 1: count him. Op standby Rick and Jeanie our panel. They're 461 00:26:07,600 --> 00:26:10,639 Speaker 1: back in just a moment as we turn to the 462 00:26:10,720 --> 00:26:15,480 Speaker 1: latest forecast, the mid term forecasts from President Biden. I'm 463 00:26:15,520 --> 00:26:22,679 Speaker 1: Joe Matthew. This is Bloomberg. You're listening to Bloomberg Sound 464 00:26:22,720 --> 00:26:28,960 Speaker 1: On with Joe Matthew on Bloomberg Radio. It's impressive to 465 00:26:29,000 --> 00:26:32,520 Speaker 1: read on the terminal. The US budget deficit saw a 466 00:26:32,720 --> 00:26:38,040 Speaker 1: record drop in the fistical year, second straight annual drop 467 00:26:39,400 --> 00:26:42,879 Speaker 1: that for the fiscal year through September narrowed to one 468 00:26:43,000 --> 00:26:48,520 Speaker 1: point for trillion from a revised two point seven eight 469 00:26:48,520 --> 00:26:51,560 Speaker 1: trillion the previous year, and President Biden wanted to tell 470 00:26:51,640 --> 00:26:56,640 Speaker 1: people about it today. That's idea that his plans are 471 00:26:56,640 --> 00:26:59,480 Speaker 1: coming together to lower the deficit. And that's even after 472 00:26:59,520 --> 00:27:04,320 Speaker 1: the treasure reaccounted for this move to forgive student loan debt. 473 00:27:05,240 --> 00:27:08,280 Speaker 1: And the President says, boy, with the mid terms in mind, 474 00:27:08,320 --> 00:27:10,439 Speaker 1: and that was, you know, part of the design of 475 00:27:10,480 --> 00:27:13,760 Speaker 1: this event. If Republicans take over, will you know what here? 476 00:27:13,800 --> 00:27:16,639 Speaker 1: He is, Republicans in Congress are doubling down on a 477 00:27:16,720 --> 00:27:20,720 Speaker 1: commitment to explode the deficit again just this week. It's 478 00:27:20,760 --> 00:27:23,520 Speaker 1: hard to make this stuff up. Just this week, republic 479 00:27:23,640 --> 00:27:26,000 Speaker 1: leader said if they get their way, they're going to 480 00:27:26,080 --> 00:27:30,000 Speaker 1: extend the tax the Trump tax cuts were doing to 481 00:27:30,000 --> 00:27:33,840 Speaker 1: expire in a couple of years. Extend them. They said, 482 00:27:33,840 --> 00:27:37,320 Speaker 1: they'll repeal the corporate minimum tax. Of just that I 483 00:27:37,400 --> 00:27:42,800 Speaker 1: just signed a law fifteen. He can't believe that this 484 00:27:42,920 --> 00:27:46,280 Speaker 1: message is not taking hold, as Republicans are of course 485 00:27:46,600 --> 00:27:51,080 Speaker 1: expected to win the House in this high inflationary environment, 486 00:27:51,119 --> 00:27:53,159 Speaker 1: with so many things to talk about here, and it 487 00:27:53,240 --> 00:27:58,480 Speaker 1: just reminds me thinking of Joe Biden today at the podium, 488 00:27:58,560 --> 00:28:02,400 Speaker 1: like you know, I live the deficit, and still reminds 489 00:28:02,400 --> 00:28:06,440 Speaker 1: me of that classic scene on Saturday Night Live. Remember 490 00:28:06,800 --> 00:28:10,880 Speaker 1: Governor Ducaucus Rebuttal, I can't believe I'm losing to this guy. 491 00:28:12,080 --> 00:28:15,000 Speaker 1: And here we are in two Rick Davis and Genie 492 00:28:15,040 --> 00:28:17,720 Speaker 1: Shanzana with us. Is it just Rick about I mean, 493 00:28:17,920 --> 00:28:20,080 Speaker 1: should we just give up the ghost on this deficit 494 00:28:20,160 --> 00:28:23,879 Speaker 1: issue and acknowledge publicly that nobody cares about it? You know, 495 00:28:23,960 --> 00:28:26,399 Speaker 1: I think voters do care about it. I think it's 496 00:28:26,560 --> 00:28:32,359 Speaker 1: it's it's difficult for candidates and members of Congress administration 497 00:28:32,359 --> 00:28:35,520 Speaker 1: personnel to articulate it. Well, um, we've seen it play 498 00:28:35,560 --> 00:28:38,280 Speaker 1: heavily in past elections. Ronald Reagan got elected on it. 499 00:28:38,920 --> 00:28:40,360 Speaker 1: That was a long time ago. That was a long 500 00:28:40,360 --> 00:28:42,440 Speaker 1: time ago. But that's also when parties actually had a 501 00:28:42,480 --> 00:28:46,520 Speaker 1: difference of opinion on federal debt. Now it's basically everyone's 502 00:28:46,520 --> 00:28:49,240 Speaker 1: a big spender, Republican race or mojo on it. I mean, 503 00:28:49,560 --> 00:28:52,000 Speaker 1: it's not it's it's not shocking, but it's shocking to 504 00:28:52,040 --> 00:28:54,120 Speaker 1: me that you have a Democratic president talking about how 505 00:28:54,240 --> 00:28:56,640 Speaker 1: much better the Democratic Party is in the Replican Party 506 00:28:56,680 --> 00:29:00,520 Speaker 1: on debt. Really reality, really particularly good, that's true, And 507 00:29:00,560 --> 00:29:03,560 Speaker 1: it's always the minority gets religion on on deficits, right 508 00:29:03,600 --> 00:29:05,720 Speaker 1: with you know, when they have no say in spending, Genie. 509 00:29:05,760 --> 00:29:09,320 Speaker 1: But we don't really hear Republicans talk about it. There 510 00:29:09,440 --> 00:29:12,080 Speaker 1: is a small contingent of Republicans who have talked about this. 511 00:29:12,120 --> 00:29:14,520 Speaker 1: Put to your point, it's usually when they're out of 512 00:29:14,560 --> 00:29:17,000 Speaker 1: power that they talk about it, and they blame it 513 00:29:17,080 --> 00:29:19,720 Speaker 1: on the party in power. And we've heard that, you 514 00:29:19,760 --> 00:29:22,480 Speaker 1: know a little bit throughout the Biden administration. But you know, 515 00:29:22,560 --> 00:29:25,480 Speaker 1: I think that Joe Biden is actually making a case 516 00:29:25,560 --> 00:29:29,040 Speaker 1: that Democrats need to make more, which is, don't compare 517 00:29:29,080 --> 00:29:33,080 Speaker 1: me to some mythical godlike figure, compare me to who 518 00:29:33,120 --> 00:29:36,200 Speaker 1: we're actually running against. There's a choice here, and that 519 00:29:36,320 --> 00:29:40,000 Speaker 1: choice he's gonna say is either Republicans who will cut 520 00:29:40,040 --> 00:29:43,360 Speaker 1: Social Security benefits, increase the deficit, you know, and corporate 521 00:29:43,480 --> 00:29:46,440 Speaker 1: of all those things, or there's or there's us. And 522 00:29:46,480 --> 00:29:49,560 Speaker 1: I may not be perfect, but I'm better than the alternative. 523 00:29:49,560 --> 00:29:52,160 Speaker 1: And I think this is something that Democrats have got 524 00:29:52,160 --> 00:29:55,360 Speaker 1: to keep saying, because the reality is the President did 525 00:29:55,440 --> 00:29:57,960 Speaker 1: sign a good number of bills this summer, much more 526 00:29:57,960 --> 00:30:00,560 Speaker 1: than people thought e would, and the pol seas, for 527 00:30:00,600 --> 00:30:04,360 Speaker 1: the most part, are supported by at least small majorities 528 00:30:04,400 --> 00:30:06,560 Speaker 1: of Americans and many it doesn't need to connect the 529 00:30:06,600 --> 00:30:09,640 Speaker 1: dots to inflation, though, explain at least that this is about, 530 00:30:10,040 --> 00:30:12,640 Speaker 1: you know, helping to lower prices here that in the end, 531 00:30:12,640 --> 00:30:16,320 Speaker 1: a lower deficit will do. Otherwise, he's helping to elect Republicans. 532 00:30:16,400 --> 00:30:19,880 Speaker 1: Rick says, Look, they're gonna extend the taxes. Well, great, 533 00:30:19,880 --> 00:30:23,000 Speaker 1: we'll all vote Republican. Then it is arguable that this 534 00:30:23,080 --> 00:30:25,360 Speaker 1: year Joe Biden has been the greatest weapon for the 535 00:30:25,360 --> 00:30:28,560 Speaker 1: Republican Party that there is. Look, I mean, the same 536 00:30:28,640 --> 00:30:31,960 Speaker 1: day that he is touting his prowess as a deficit cutter, 537 00:30:32,360 --> 00:30:35,440 Speaker 1: he adds five hundred billion dollars to the deficit by 538 00:30:35,480 --> 00:30:37,600 Speaker 1: doing the student loan program. I mean, it just doesn't 539 00:30:37,640 --> 00:30:40,320 Speaker 1: make any sense that you do one thing and then 540 00:30:40,360 --> 00:30:43,520 Speaker 1: do exactly the opposite, all in the same press conference. 541 00:30:43,800 --> 00:30:46,440 Speaker 1: Uh well, yeah, a couple. And there were two events today. 542 00:30:46,480 --> 00:30:49,200 Speaker 1: Early he was talking about the mid terms, Genie and 543 00:30:49,240 --> 00:30:52,800 Speaker 1: you know, who needs the cook political report when you've 544 00:30:52,840 --> 00:30:54,800 Speaker 1: got the President of the United States. Know, the new 545 00:30:54,840 --> 00:30:58,000 Speaker 1: forecast is out from five thirty eight. Joe Biden is 546 00:30:58,080 --> 00:31:01,360 Speaker 1: asked in an event that was to point about student 547 00:31:01,440 --> 00:31:06,800 Speaker 1: loan debt forgiveness. He was asked about his expectations for 548 00:31:06,840 --> 00:31:09,440 Speaker 1: the mid term elections, having seen you know, the whole 549 00:31:09,480 --> 00:31:13,000 Speaker 1: story we've talked about at Democratic momentum slowing and the 550 00:31:13,000 --> 00:31:15,960 Speaker 1: thought that maybe Democrats peaked a little too early here 551 00:31:16,440 --> 00:31:19,720 Speaker 1: to actually hold the House or or maybe even keep 552 00:31:19,760 --> 00:31:22,120 Speaker 1: the Senate in the mid terms. Here's the president. The 553 00:31:22,200 --> 00:31:25,440 Speaker 1: polls have been all over the place. I think that 554 00:31:25,560 --> 00:31:27,840 Speaker 1: we're gonna see one more shift back to our side 555 00:31:27,880 --> 00:31:29,400 Speaker 1: the closing days. And let me tell you why. I 556 00:31:29,440 --> 00:31:32,200 Speaker 1: think that we're starting to see some of the good 557 00:31:32,200 --> 00:31:36,080 Speaker 1: news on the economy. Gas prices are down sharply in 558 00:31:36,280 --> 00:31:38,760 Speaker 1: forty six of the fifty states. Because of what I've 559 00:31:38,760 --> 00:31:41,840 Speaker 1: been doing, We're moving in the right direction. There's more 560 00:31:41,880 --> 00:31:47,240 Speaker 1: to come. State unemployment today, State unemployment it's all time 561 00:31:47,280 --> 00:31:51,200 Speaker 1: lows in eleven states, and seventeen states have unemployment rates 562 00:31:51,280 --> 00:31:55,080 Speaker 1: under three Genie. None of those factors have seemed to 563 00:31:55,160 --> 00:31:57,480 Speaker 1: matter until now. Why would they in the next two weeks. 564 00:31:58,200 --> 00:32:00,280 Speaker 1: You know, it's shocking to hear the president and say 565 00:32:00,320 --> 00:32:02,520 Speaker 1: he thinks they're going to come back, um, you know, 566 00:32:02,560 --> 00:32:05,040 Speaker 1: and not to trust the polls and things are getting better. 567 00:32:05,360 --> 00:32:07,640 Speaker 1: You know, Joe Biden has got to make that case. 568 00:32:07,680 --> 00:32:09,640 Speaker 1: I think he's trying to make it. To your point, 569 00:32:09,720 --> 00:32:12,920 Speaker 1: on the economic issue, it is not resonating in the polls, 570 00:32:13,280 --> 00:32:15,640 Speaker 1: and that's why I think he really does have to 571 00:32:15,680 --> 00:32:18,120 Speaker 1: do more about what he said today, which is to 572 00:32:18,240 --> 00:32:21,080 Speaker 1: focus on the winds he did get, and to talk 573 00:32:21,080 --> 00:32:23,920 Speaker 1: about how inflation, to Nancy Pelosi's point the other day, 574 00:32:24,000 --> 00:32:27,400 Speaker 1: is a global problem and by comparison, we are doing better. 575 00:32:27,720 --> 00:32:29,880 Speaker 1: He's got to be empathetic with all of us because 576 00:32:29,920 --> 00:32:33,760 Speaker 1: we're feeling the you know, the difficulty, the economic hardship 577 00:32:33,800 --> 00:32:36,160 Speaker 1: that is out there. So they've got to be empathetic. 578 00:32:36,160 --> 00:32:37,880 Speaker 1: But they've also got to make the case that they're 579 00:32:37,920 --> 00:32:39,640 Speaker 1: on the right track and it's going to take time. 580 00:32:40,080 --> 00:32:41,520 Speaker 1: I don't know if it's going to work. I'm not 581 00:32:41,560 --> 00:32:43,480 Speaker 1: as confident as Joe Biden that it's going to work 582 00:32:43,480 --> 00:32:45,560 Speaker 1: in a few weeks. But that's the case that they 583 00:32:45,560 --> 00:32:47,560 Speaker 1: have to make. Is it just the president's job to 584 00:32:47,600 --> 00:32:51,040 Speaker 1: say that Rick or his political advisers telling him that, yeah, 585 00:32:51,240 --> 00:32:53,920 Speaker 1: to steal a British phrase it probably is being overused 586 00:32:53,920 --> 00:32:55,840 Speaker 1: in London right now. Is he's got to keep that 587 00:32:55,880 --> 00:32:58,280 Speaker 1: stiff upper lip right. I mean, he's got to be 588 00:32:58,320 --> 00:33:02,240 Speaker 1: the chief campaigner and office also and and so sure 589 00:33:02,720 --> 00:33:04,640 Speaker 1: he's trying to sell he's trying to sell a big 590 00:33:04,680 --> 00:33:07,120 Speaker 1: push at the end. But you know, as you described, 591 00:33:07,160 --> 00:33:09,480 Speaker 1: I mean, you know, the polls are not just changing, 592 00:33:09,520 --> 00:33:12,160 Speaker 1: they're collapsing for Democrats in a lot of different places 593 00:33:12,200 --> 00:33:17,560 Speaker 1: around the country. And the odds now of the Republicans 594 00:33:17,560 --> 00:33:20,840 Speaker 1: take control of both chambers have increased dramatically since a 595 00:33:20,840 --> 00:33:24,960 Speaker 1: month ago. So you know it, overturning that momentum is 596 00:33:25,000 --> 00:33:27,240 Speaker 1: going to be hard to do without some big action 597 00:33:27,320 --> 00:33:31,120 Speaker 1: forcing event, some October surprise, and right now there there 598 00:33:31,120 --> 00:33:33,600 Speaker 1: doesn't seem to be a surprise. It's in the works. 599 00:33:33,760 --> 00:33:35,600 Speaker 1: There's been a lot of questions about why we didn't 600 00:33:35,640 --> 00:33:38,760 Speaker 1: get the full court press on student loan debt forgiveness 601 00:33:38,840 --> 00:33:42,080 Speaker 1: from this administration, why they've really only been passing references 602 00:33:42,120 --> 00:33:45,040 Speaker 1: to it from the President and some of his recent speeches. 603 00:33:45,040 --> 00:33:47,480 Speaker 1: But today was the day a big formal event about this. 604 00:33:48,000 --> 00:33:51,160 Speaker 1: And listen to the way he framed the argument against 605 00:33:51,200 --> 00:33:54,800 Speaker 1: those who have criticized this, largely Republicans and his name, 606 00:33:54,920 --> 00:33:59,320 Speaker 1: checking them as being unfair. Here's Joe Biden. Marjorie Taylor agreed, 607 00:33:59,520 --> 00:34:01,480 Speaker 1: she got over she and her husband got a hundred 608 00:34:01,600 --> 00:34:05,040 Speaker 1: eighty thousand dollars in business loans forgiven from the p 609 00:34:05,160 --> 00:34:08,799 Speaker 1: p P program. She said, it's completely unfair for us 610 00:34:08,840 --> 00:34:12,719 Speaker 1: to forgive student loans for working in middle class Americans. 611 00:34:13,440 --> 00:34:17,719 Speaker 1: Representative Vernu Canon of Florida said, our plan was reckless. 612 00:34:18,680 --> 00:34:22,640 Speaker 1: Guess how much he got in that program forgiven two million, 613 00:34:22,800 --> 00:34:26,760 Speaker 1: three hundred thousand dollars. Listen to the crowd of joke. Okay, 614 00:34:26,760 --> 00:34:29,080 Speaker 1: so how come he hasn't been doing that all along, Jennie, 615 00:34:30,000 --> 00:34:32,280 Speaker 1: He should be doing that. It is, you know, using 616 00:34:32,320 --> 00:34:35,200 Speaker 1: the old hypocrite model, and it it can be effective, 617 00:34:35,680 --> 00:34:38,640 Speaker 1: you know. I don't think, however, it changes the reality 618 00:34:38,760 --> 00:34:42,400 Speaker 1: of this student loan forgiveness plan. And the fact is 619 00:34:42,800 --> 00:34:46,040 Speaker 1: the plan does very little to address the bottom line 620 00:34:46,080 --> 00:34:49,799 Speaker 1: issue on why colleges and universities are so expensive, and 621 00:34:49,880 --> 00:34:53,560 Speaker 1: in fact, it may make the situation worse. And we've 622 00:34:53,600 --> 00:34:56,640 Speaker 1: already seen that it's been scaled back over the last 623 00:34:56,680 --> 00:34:59,400 Speaker 1: few weeks and will continue to be so. So I 624 00:34:59,400 --> 00:35:01,960 Speaker 1: think the pol see itself is problematic, but the President 625 00:35:02,040 --> 00:35:04,120 Speaker 1: is going to go out and tout it because it's 626 00:35:04,120 --> 00:35:07,480 Speaker 1: a big part of his efforts to reach a certain constituency. 627 00:35:07,560 --> 00:35:10,160 Speaker 1: Would you help the president frame the argument that way, Rick, 628 00:35:10,200 --> 00:35:12,239 Speaker 1: Is that is that really? I mean, look, we're those 629 00:35:12,280 --> 00:35:14,719 Speaker 1: are the very people who are trying to to to 630 00:35:14,960 --> 00:35:17,839 Speaker 1: to attack the president on this plan. Yeah. I think 631 00:35:17,920 --> 00:35:19,960 Speaker 1: at some point the President's got to focus on, like 632 00:35:20,040 --> 00:35:22,080 Speaker 1: what is the broad message and not sort of pick 633 00:35:22,120 --> 00:35:25,239 Speaker 1: off individual members and their their conduct on this kind 634 00:35:25,239 --> 00:35:27,560 Speaker 1: of stuff. It feels good, but it doesn't really help 635 00:35:27,600 --> 00:35:30,680 Speaker 1: the broader party to try and win elections across the board. 636 00:35:31,080 --> 00:35:34,120 Speaker 1: Uh So, I I think the one thing this administration 637 00:35:34,160 --> 00:35:37,000 Speaker 1: just hasn't gotten a grip on is inflation and the economy, 638 00:35:37,080 --> 00:35:38,839 Speaker 1: and and that is the number one thing that people 639 00:35:38,880 --> 00:35:40,680 Speaker 1: are saying they're going to vote on this year, and 640 00:35:40,719 --> 00:35:42,399 Speaker 1: they still don't have a message around it. I mean, 641 00:35:42,480 --> 00:35:45,920 Speaker 1: with all due respect student loan forgiveness, even if it's big, 642 00:35:45,960 --> 00:35:49,319 Speaker 1: and it's it's it's glitzy, and you're putting an incredible 643 00:35:49,320 --> 00:35:52,600 Speaker 1: amount of you know, uh, debt to work. Uh You're 644 00:35:52,719 --> 00:35:55,680 Speaker 1: you're not really talking about the hope streams and aspirations 645 00:35:55,719 --> 00:35:58,440 Speaker 1: of voters as they're going to vote in this election. 646 00:35:58,920 --> 00:36:01,680 Speaker 1: So until he gets with the inflation and the economy, 647 00:36:02,120 --> 00:36:04,799 Speaker 1: he's not talking to voters about the things that care about. Well, 648 00:36:04,880 --> 00:36:06,600 Speaker 1: you know at the beginning of next week, when when 649 00:36:06,680 --> 00:36:09,440 Speaker 1: next week dawns, we're gonna be talking about two weeks 650 00:36:09,480 --> 00:36:12,600 Speaker 1: to election day, which gives me the sweats a little bit. 651 00:36:12,640 --> 00:36:16,480 Speaker 1: But beyond that, uh two weeks left. You know, the 652 00:36:16,480 --> 00:36:20,120 Speaker 1: president's going this weekend, Jennie, tell beach, tell me Joe 653 00:36:20,160 --> 00:36:23,120 Speaker 1: Matthew to the beach, to Rome. I mean, is that 654 00:36:23,200 --> 00:36:26,000 Speaker 1: exactly where he should be? You know, this is not 655 00:36:26,080 --> 00:36:28,200 Speaker 1: a president who we've talked about who has gone out 656 00:36:28,239 --> 00:36:30,439 Speaker 1: and and done big rallies. Are those kinds of things 657 00:36:30,680 --> 00:36:33,080 Speaker 1: they just simply don't work for Joe Biden. And I 658 00:36:33,120 --> 00:36:36,480 Speaker 1: would just say that, you know, they didn't work so 659 00:36:36,520 --> 00:36:39,839 Speaker 1: well again for Barack Obama or Donald Trump and their midterms. Either. 660 00:36:39,880 --> 00:36:42,440 Speaker 1: The reality is this has very little to do with 661 00:36:42,520 --> 00:36:45,200 Speaker 1: Joe Biden. This is how midterm elections work in the 662 00:36:45,280 --> 00:36:47,920 Speaker 1: United States. So I'm not sure him going around the 663 00:36:47,920 --> 00:36:50,640 Speaker 1: country where he's not wanted and potentially could do more 664 00:36:50,719 --> 00:36:54,160 Speaker 1: damage would be a good plan either. How about you, Rick, 665 00:36:54,200 --> 00:36:57,239 Speaker 1: would you tell him to do exactly that? Uh? Stay 666 00:36:57,239 --> 00:37:00,960 Speaker 1: at home? Sure? Uh Look, I mean these candidates don't 667 00:37:00,960 --> 00:37:03,399 Speaker 1: want to nationalize this race, because if they do, they're 668 00:37:03,440 --> 00:37:06,200 Speaker 1: gonna they're gonna they're gonna get worse, not better. So 669 00:37:06,280 --> 00:37:09,200 Speaker 1: the local localization. You know, how do I become if 670 00:37:09,200 --> 00:37:12,200 Speaker 1: I'm running for governor or mayor, uh, the local guy 671 00:37:12,600 --> 00:37:15,400 Speaker 1: to talk about the local issues. That's the winner issue 672 00:37:16,560 --> 00:37:20,480 Speaker 1: voice from the expert Rick Davis and our expert analysis 673 00:37:20,560 --> 00:37:23,719 Speaker 1: from Genie chantay O. Great conversation, thanks to both of 674 00:37:23,760 --> 00:37:28,000 Speaker 1: you Bloomberg Politics contributors. Next week the big debate Dr Roz, 675 00:37:28,120 --> 00:37:31,080 Speaker 1: Jon Fetterman, that's Tuesday. You know we'll have it here. 676 00:37:31,120 --> 00:37:33,960 Speaker 1: I'm Joe Matthew. Have a great weekend. This is Bloomberg