1 00:00:01,720 --> 00:00:06,240 Speaker 1: Now from our nation's capital. This is Bloomberg Sound On. 2 00:00:07,200 --> 00:00:10,479 Speaker 1: Plutin's speech was frankly a nothing burger and hopes that 3 00:00:10,520 --> 00:00:13,680 Speaker 1: Europe will need gas quicker than he runs out of troops. 4 00:00:14,000 --> 00:00:17,000 Speaker 1: We will have a vote on Wednesday, and we will 5 00:00:17,040 --> 00:00:21,160 Speaker 1: see where every senator stand. Bloomberg Sound on Politics, Policy 6 00:00:21,160 --> 00:00:25,959 Speaker 1: and perspective from DC's top names. Dr Oz He's on 7 00:00:26,079 --> 00:00:29,320 Speaker 1: that screen, He's in the bedrooms of all those women. 8 00:00:29,440 --> 00:00:32,720 Speaker 1: Are you on the fight China? Will you fight for 9 00:00:32,720 --> 00:00:37,520 Speaker 1: our kids in our schools? Bloomberg Sound On with Joe 10 00:00:37,560 --> 00:00:44,600 Speaker 1: Matthew on Bloomberg Radio. Russia's victory day comes and goes 11 00:00:45,159 --> 00:00:49,400 Speaker 1: with no surprises from Vladimir Prutin. Welcome to the Fastest 12 00:00:49,400 --> 00:00:52,080 Speaker 1: hour in politics with the view from Prutin's world. In 13 00:00:52,120 --> 00:00:56,160 Speaker 1: a conversation ahead with Angela Stent, the author in plutins Sage, 14 00:00:56,200 --> 00:00:59,280 Speaker 1: who directs the Center for Eurasian, Russian and East European 15 00:00:59,360 --> 00:01:03,200 Speaker 1: Studies of Government and Foreign Service at Georgetown. Later, we'll 16 00:01:03,200 --> 00:01:06,840 Speaker 1: turn to primary season. Bloomberg White House reporter Jordan Fabian 17 00:01:06,840 --> 00:01:08,800 Speaker 1: will join us on his new column about the role 18 00:01:08,880 --> 00:01:12,360 Speaker 1: that Roe V. Wade could play ahead of November and 19 00:01:12,360 --> 00:01:15,880 Speaker 1: our signature panel is back in place. Bloomberg Politics contributors 20 00:01:15,920 --> 00:01:19,440 Speaker 1: Jeanie Shentano and Rick Davis are with us for the hour, 21 00:01:19,520 --> 00:01:21,920 Speaker 1: and that is where we start, with Rick Davis joining 22 00:01:21,959 --> 00:01:26,200 Speaker 1: us from Bloomberg World headquarters in New York. Rick. The 23 00:01:26,319 --> 00:01:32,480 Speaker 1: speech from Vladimir Putin was described by retired Brigadier General 24 00:01:32,520 --> 00:01:36,160 Speaker 1: Mark Kimmittt today as a nothing burger. He made no news. 25 00:01:36,200 --> 00:01:37,959 Speaker 1: What did you make of it? That must be a 26 00:01:37,959 --> 00:01:41,880 Speaker 1: military scientific term. Uh, you know, it's it's another example 27 00:01:41,920 --> 00:01:44,479 Speaker 1: of how little we probably really know about what goes 28 00:01:44,480 --> 00:01:47,760 Speaker 1: on with Vladimir Putin or the Kremlin All month long. 29 00:01:47,840 --> 00:01:50,160 Speaker 1: It was what kind of victory speech is he gonna give? 30 00:01:50,200 --> 00:01:52,000 Speaker 1: Is he gonna call up troops, Are you're gonna you know, 31 00:01:52,040 --> 00:01:54,840 Speaker 1: take on all these uh conscripts? Is he gonna use 32 00:01:54,880 --> 00:01:57,720 Speaker 1: this opportunity to you know, change the law and in 33 00:01:57,840 --> 00:02:00,880 Speaker 1: Russia to make it easier to fight. None of that happened. 34 00:02:01,120 --> 00:02:03,640 Speaker 1: And and look, I mean the only conclusion you can 35 00:02:03,680 --> 00:02:07,200 Speaker 1: make is he didn't have anything to declare victory of right. 36 00:02:07,280 --> 00:02:10,120 Speaker 1: I mean, like even he knows better than to say 37 00:02:10,280 --> 00:02:14,040 Speaker 1: he's winning in Ukraine without some tangible evidence. Obviously, the 38 00:02:14,080 --> 00:02:17,600 Speaker 1: fight continues, and and and and that will be the 39 00:02:17,680 --> 00:02:20,640 Speaker 1: story for the next you know, month, two months, six months, 40 00:02:20,680 --> 00:02:23,520 Speaker 1: whatever it is. But um, I think it's the first 41 00:02:23,560 --> 00:02:27,160 Speaker 1: recognition by Vladimir Putin that he couldn't get away with 42 00:02:27,280 --> 00:02:30,440 Speaker 1: just abject propaganda on a day like this where the 43 00:02:30,440 --> 00:02:32,760 Speaker 1: whole world was watching what he was gonna say. I'm 44 00:02:32,800 --> 00:02:35,679 Speaker 1: still talking about Nazis though, and you know certainly was 45 00:02:35,760 --> 00:02:39,720 Speaker 1: forwarding I think propaganda like messaging that's been coming from Moscow, Rick, 46 00:02:39,760 --> 00:02:42,440 Speaker 1: I mean, talking to UH, talking to the people of 47 00:02:42,520 --> 00:02:46,280 Speaker 1: Russia on this anniversary about the de Nazification of Ukraine 48 00:02:46,919 --> 00:02:50,120 Speaker 1: is quite remarkable on a historical level. Yeah, I mean 49 00:02:50,160 --> 00:02:54,960 Speaker 1: it's it's it insults everybody's sensibilities around the world. But 50 00:02:55,080 --> 00:02:57,320 Speaker 1: that's who Vladimir Putin is. He really doesn't care about 51 00:02:57,320 --> 00:03:00,960 Speaker 1: anybody else. And and this was his justific cation for 52 00:03:01,320 --> 00:03:06,600 Speaker 1: UH rolling troops across a sovereign border. And and you know, 53 00:03:06,639 --> 00:03:08,760 Speaker 1: it's kind of the old that's my line and I'm 54 00:03:08,800 --> 00:03:11,960 Speaker 1: sticking to it. Uh, it doesn't work. Nobody around the 55 00:03:11,960 --> 00:03:14,760 Speaker 1: world is aping that line. He doesn't have a single 56 00:03:14,800 --> 00:03:18,000 Speaker 1: ally in this cause that's willing to go shoulder to 57 00:03:18,040 --> 00:03:21,640 Speaker 1: shoulder wership other than his puppet and bay Larus, and 58 00:03:21,639 --> 00:03:24,200 Speaker 1: and and so you know, you really begin to wonder 59 00:03:24,240 --> 00:03:26,480 Speaker 1: how long is he going to stay on this stick 60 00:03:27,160 --> 00:03:30,040 Speaker 1: of you know, trying to convince the world the legitimacy 61 00:03:30,080 --> 00:03:33,280 Speaker 1: of his of his activities, especially at a time when 62 00:03:33,360 --> 00:03:36,560 Speaker 1: really most of the energy is being spent towards empowering 63 00:03:36,640 --> 00:03:41,160 Speaker 1: and equipping the Ukrainian military to fight back and cataloging 64 00:03:41,280 --> 00:03:44,560 Speaker 1: all the war crimes that are being perpetrated by Vladimir 65 00:03:44,600 --> 00:03:48,480 Speaker 1: Putin and his troops. Rick standby, and we're gonna bring 66 00:03:48,480 --> 00:03:51,240 Speaker 1: in Jeanie Schanzano to the conversation in a moment as 67 00:03:51,240 --> 00:03:54,800 Speaker 1: well as we look back to this speech just earlier, 68 00:03:54,920 --> 00:03:58,000 Speaker 1: Vladimir Putin reviving his claim as I mentioned that Russia 69 00:03:58,080 --> 00:04:02,280 Speaker 1: is fighting Neo Nazis in Ukraine, spoken red square on 70 00:04:02,320 --> 00:04:05,720 Speaker 1: what is again Victory Day in Moscow, marking the seventy 71 00:04:05,800 --> 00:04:10,200 Speaker 1: seventh anniversary of the defeat of Nazi Germany. Uh what 72 00:04:10,440 --> 00:04:12,760 Speaker 1: some hit feared though. This is something I discussed last 73 00:04:12,800 --> 00:04:16,039 Speaker 1: week with Senator Mark Warner, who again chairs the Intelligence Committee. 74 00:04:16,080 --> 00:04:18,640 Speaker 1: Here's what he told us on Friday. I don't think 75 00:04:18,839 --> 00:04:21,599 Speaker 1: May Night is going to have anything significant other than 76 00:04:21,640 --> 00:04:25,680 Speaker 1: what UH Putin might might do. There's been speculation, and 77 00:04:25,680 --> 00:04:27,880 Speaker 1: I'm not sure. There's been speculation that he might make 78 00:04:27,920 --> 00:04:30,920 Speaker 1: a formal declaration of war against Russia against Ukraine, which 79 00:04:30,960 --> 00:04:33,039 Speaker 1: would allow him to call up Paul at his reserves. 80 00:04:33,360 --> 00:04:36,320 Speaker 1: But nothing more than another speech again trying to justify 81 00:04:36,560 --> 00:04:39,280 Speaker 1: the invasion, along with of course, the pomp and circumstance, 82 00:04:39,360 --> 00:04:42,600 Speaker 1: the military parade, the hardware of the music, the whole 83 00:04:42,600 --> 00:04:44,599 Speaker 1: bit that you would expect. And that's where we start 84 00:04:44,880 --> 00:04:47,920 Speaker 1: with Angela Stent, director of the Center for Eurasian, Russian 85 00:04:47,960 --> 00:04:51,240 Speaker 1: and East European Studies of Government and Foreign Service at 86 00:04:51,240 --> 00:04:54,600 Speaker 1: Georgetown University, of course, author of the definitive Putin's World, 87 00:04:54,640 --> 00:04:57,400 Speaker 1: which is really gutting us, thinking quite a bit at 88 00:04:57,400 --> 00:05:02,159 Speaker 1: Bloomberg News for the past ten weeks of his conflicts. Angela, welcome, 89 00:05:02,240 --> 00:05:04,120 Speaker 1: It's it's great to have you with us. I wondered 90 00:05:04,360 --> 00:05:07,440 Speaker 1: what must have been going through your mind as you 91 00:05:07,480 --> 00:05:10,560 Speaker 1: watch Vladimir Putin go through this exercise and Red Square. 92 00:05:10,920 --> 00:05:14,000 Speaker 1: He did not make history. He made no major announcements. 93 00:05:14,520 --> 00:05:17,120 Speaker 1: Did he seem like he was on his heels to you? Well, 94 00:05:17,160 --> 00:05:19,920 Speaker 1: he certainly made a very aggressive speech. He did not 95 00:05:20,000 --> 00:05:23,640 Speaker 1: make history. He repeated all of his talking points that 96 00:05:23,720 --> 00:05:28,080 Speaker 1: this was a warm preventative war that Russia had to 97 00:05:28,160 --> 00:05:31,760 Speaker 1: undertake because NATO and the United States and it's corotninue 98 00:05:31,800 --> 00:05:35,320 Speaker 1: quote Nazi allies in Ukraine were about to take back 99 00:05:35,560 --> 00:05:39,640 Speaker 1: Russian territory in the don Bus and Crimea. Uh and 100 00:05:39,720 --> 00:05:41,919 Speaker 1: so he repeated all of that, and he likened it 101 00:05:41,960 --> 00:05:45,920 Speaker 1: obviously to nine and the Great Patriotic War. It wasn't 102 00:05:45,920 --> 00:05:49,679 Speaker 1: a very long speech. He did make some uh nod 103 00:05:49,760 --> 00:05:52,039 Speaker 1: to all of the casualties. I mean, he did say 104 00:05:52,080 --> 00:05:54,719 Speaker 1: that they were good of more money to the families 105 00:05:54,760 --> 00:05:57,560 Speaker 1: of the fallen soldiers. He had to admit that because 106 00:05:57,560 --> 00:06:00,200 Speaker 1: that you know, Western counts say that up to any 107 00:06:00,240 --> 00:06:04,599 Speaker 1: thousand Russian soldiers may have been killed. But yeah, but 108 00:06:04,839 --> 00:06:07,400 Speaker 1: you should note that even though he did not announce 109 00:06:07,760 --> 00:06:11,720 Speaker 1: officially general mobilization, they are mobilizing people. They are now 110 00:06:11,760 --> 00:06:15,119 Speaker 1: sending notices the people in the reserves. People are told 111 00:06:15,160 --> 00:06:17,720 Speaker 1: you have to come and report for duty otherwise you're 112 00:06:17,720 --> 00:06:20,520 Speaker 1: going to lose your job. So that is actually going on. 113 00:06:20,800 --> 00:06:23,080 Speaker 1: But he just didn't say it formally because he knew 114 00:06:23,240 --> 00:06:26,800 Speaker 1: that that would be a very unpopular move with the population. 115 00:06:27,800 --> 00:06:31,719 Speaker 1: You know, I'm just struck Angela by the vision of 116 00:06:31,839 --> 00:06:35,480 Speaker 1: two thousand five. On on this day, Russia was marking 117 00:06:35,480 --> 00:06:39,239 Speaker 1: the sixtieth the anniversary. At that point, more than fifty 118 00:06:39,360 --> 00:06:44,679 Speaker 1: foreign leaders showed up, including George W. Bush. Exactly, ladimere 119 00:06:44,760 --> 00:06:49,160 Speaker 1: Putin think he's winning as as he looked around earlier today. 120 00:06:49,160 --> 00:06:52,760 Speaker 1: How could he have thought he was winning in comparison, Well, 121 00:06:52,839 --> 00:06:56,239 Speaker 1: he must have convinced himself that he has a holy mission, 122 00:06:56,279 --> 00:06:58,360 Speaker 1: and you know that this has become religious now, to 123 00:06:58,880 --> 00:07:03,359 Speaker 1: holy mission to liberate Ukraine from the evil West and 124 00:07:03,440 --> 00:07:06,800 Speaker 1: to reunite Ukraine with Russia and by the way, Belarus 125 00:07:06,839 --> 00:07:09,560 Speaker 1: as well. He must have convinced himself. Is that there's 126 00:07:09,640 --> 00:07:15,240 Speaker 1: no rational explanation for this otherwise. Fiona Hill was speaking 127 00:07:15,680 --> 00:07:19,600 Speaker 1: with US last week, spoke with Bloomberg quick Take, suggesting 128 00:07:19,600 --> 00:07:22,280 Speaker 1: that Vladimir Putin would have done this earlier. He would 129 00:07:22,320 --> 00:07:26,559 Speaker 1: have invaded Ukraine earlier if the insurrection on January six 130 00:07:27,080 --> 00:07:29,080 Speaker 1: had succeeded. I'd love for you to hear what she 131 00:07:29,120 --> 00:07:31,320 Speaker 1: had to say and get your response. Here's Fiona Hill, 132 00:07:31,800 --> 00:07:35,600 Speaker 1: And imagine if Trump productually succeeded on January six, and 133 00:07:35,800 --> 00:07:38,960 Speaker 1: the members of the January six Committee in the U S. 134 00:07:39,000 --> 00:07:42,120 Speaker 1: Congress a pretty confidence that we were very close to 135 00:07:42,200 --> 00:07:47,400 Speaker 1: him succeeding had not. Vice President Pence basically refused to 136 00:07:47,680 --> 00:07:51,400 Speaker 1: block the transfer of executive power, and I had agreed, 137 00:07:51,440 --> 00:07:54,720 Speaker 1: in fact just go ahead, pushed ahead, rather than agree 138 00:07:54,760 --> 00:07:56,360 Speaker 1: to it, I mean, disagreed with you know what Trump 139 00:07:56,400 --> 00:07:59,000 Speaker 1: is asking him to do, and you know, basically Um 140 00:07:59,240 --> 00:08:03,120 Speaker 1: certified the electoral votes. I mean, we've been a totally 141 00:08:03,120 --> 00:08:05,280 Speaker 1: different place. I'm gonna body people would have probably just 142 00:08:05,640 --> 00:08:09,280 Speaker 1: driven right into Ukraine himself, because he then would have 143 00:08:09,320 --> 00:08:12,560 Speaker 1: seen the United States is completely finished from a leadership perspective, 144 00:08:12,880 --> 00:08:14,840 Speaker 1: because we would be no different from any other country 145 00:08:14,840 --> 00:08:16,520 Speaker 1: in the world that had just had a coup. Now 146 00:08:16,560 --> 00:08:18,560 Speaker 1: this is someone who is there, Angela. This is a 147 00:08:18,640 --> 00:08:21,200 Speaker 1: voice of credibility, I think on this issue in Fiona Hill, 148 00:08:21,200 --> 00:08:23,480 Speaker 1: how do you react to that? Well, I think she's 149 00:08:23,560 --> 00:08:26,760 Speaker 1: quite right because we know from Trump himself, even on 150 00:08:26,800 --> 00:08:30,000 Speaker 1: the campaign trail in twenty six said, you know, Cramer 151 00:08:30,080 --> 00:08:33,000 Speaker 1: was part of Russia, kind of Ukraine wasn't really a country. 152 00:08:33,040 --> 00:08:36,120 Speaker 1: They took out of the Republican Party platform any words 153 00:08:36,160 --> 00:08:39,960 Speaker 1: of support for Ukraine. So I'm sure that he would 154 00:08:40,000 --> 00:08:42,480 Speaker 1: not have, you know, the Trump administration or at least 155 00:08:42,480 --> 00:08:45,680 Speaker 1: the Trump White House would have not batted an eyelid 156 00:08:46,200 --> 00:08:48,760 Speaker 1: if Fressia had invaded Ukraine. I'm not sure about the 157 00:08:48,800 --> 00:08:54,280 Speaker 1: rest of the administration. But interestingly enough, when John Bolton 158 00:08:54,360 --> 00:08:56,760 Speaker 1: was asked about this a couple of weeks ago, because 159 00:08:56,800 --> 00:08:58,679 Speaker 1: Trump said this would never have happened if I had 160 00:08:58,679 --> 00:09:03,120 Speaker 1: been president, Bob rejoined and sent, actually, grangle, I'm sorry, 161 00:09:03,120 --> 00:09:06,520 Speaker 1: I wish we had more time. As usual, this is Bloomberg. 162 00:09:07,360 --> 00:09:11,199 Speaker 1: You're listening to Bloomberg. You sound on with Joe Matthew 163 00:09:11,559 --> 00:09:19,360 Speaker 1: on Bloomberg Radio. All a technical term from the retired 164 00:09:19,400 --> 00:09:23,280 Speaker 1: general retired Brigadier General Mark Kimmitt to hear from often 165 00:09:23,960 --> 00:09:28,439 Speaker 1: here on sound on and across Bloomberg Radio. With reaction 166 00:09:28,520 --> 00:09:30,440 Speaker 1: to the Putin speech over the weekend, we were just 167 00:09:30,480 --> 00:09:33,800 Speaker 1: discussing with Angela Stents and with Rick Davis, who will 168 00:09:33,840 --> 00:09:36,040 Speaker 1: be back with us in a moment. Uh, not a 169 00:09:36,080 --> 00:09:38,599 Speaker 1: lot there, certainly not a lot new, According to kim It, 170 00:09:38,760 --> 00:09:42,240 Speaker 1: Here's how he described the speech from Moscow. Putin speech 171 00:09:42,320 --> 00:09:45,520 Speaker 1: was frankly a nothing burger. Everybody was hoping to or 172 00:09:45,600 --> 00:09:48,640 Speaker 1: expecting to hear, either that he would declare war, he 173 00:09:48,679 --> 00:09:52,800 Speaker 1: would annex the Dawn Boss he would mobilize his forces. 174 00:09:53,200 --> 00:09:56,160 Speaker 1: He did nothing of the sort. So I think he's 175 00:09:56,280 --> 00:09:59,680 Speaker 1: just taking a slow study approach to this war and 176 00:10:00,600 --> 00:10:03,680 Speaker 1: hopes that Europe will need gas quicker than he runs 177 00:10:03,720 --> 00:10:07,040 Speaker 1: out of troops, which is a pretty grim thought. As 178 00:10:07,160 --> 00:10:10,640 Speaker 1: we assemble the panel now with Rick Davis along with 179 00:10:10,760 --> 00:10:15,280 Speaker 1: Jennie Chanzano Bloomberg Politics contributors, Genie, I'd love to get 180 00:10:15,280 --> 00:10:17,800 Speaker 1: your reaction to all of this, as there were some 181 00:10:17,800 --> 00:10:21,160 Speaker 1: pretty major concerns going into the weekend. Vladimir Putin did 182 00:10:21,200 --> 00:10:24,240 Speaker 1: not make good on them, although Angela Stent reminded us 183 00:10:24,280 --> 00:10:27,679 Speaker 1: that troops are being mobilized right, people are being pulled 184 00:10:27,720 --> 00:10:31,640 Speaker 1: into the military, reserves are being called up. But he 185 00:10:31,679 --> 00:10:34,720 Speaker 1: looked pretty lonely up there when you consider fifty world 186 00:10:34,840 --> 00:10:39,080 Speaker 1: leaders with him in two thousand five. Putin's world has changed. 187 00:10:40,720 --> 00:10:43,680 Speaker 1: It has, and you know, I keep thinking that perhaps 188 00:10:43,960 --> 00:10:46,439 Speaker 1: it runned me a bit of the false live operations 189 00:10:46,480 --> 00:10:48,920 Speaker 1: that the United States kept talking about in the build 190 00:10:48,960 --> 00:10:51,920 Speaker 1: up to the war, that that didn't come to to play. 191 00:10:51,960 --> 00:10:54,880 Speaker 1: And I kept wondering, if you know, there hadn't been 192 00:10:54,920 --> 00:10:58,080 Speaker 1: so much, you know, so anticipation that he would use 193 00:10:58,440 --> 00:11:00,480 Speaker 1: some kind of rhetoric, that that there would be some 194 00:11:00,679 --> 00:11:03,760 Speaker 1: statement today if he might have, In other words, did 195 00:11:03,800 --> 00:11:06,360 Speaker 1: we take the wind out of his sales, so to speak. 196 00:11:07,000 --> 00:11:09,319 Speaker 1: That seemed to me what had been going on, because, 197 00:11:09,320 --> 00:11:12,880 Speaker 1: as you mentioned, he seemed like a really lonely person 198 00:11:13,120 --> 00:11:15,880 Speaker 1: up there without much to say on what is an 199 00:11:15,880 --> 00:11:20,880 Speaker 1: incredibly important day, twenty seven million people lost in Russia 200 00:11:20,920 --> 00:11:24,280 Speaker 1: and World War two. And yet today this is what 201 00:11:24,320 --> 00:11:28,040 Speaker 1: we heard. His world changed apparently on the sixth of 202 00:11:28,120 --> 00:11:30,840 Speaker 1: January as well, Rick, when he realized he wasn't gonna 203 00:11:30,840 --> 00:11:33,440 Speaker 1: be able to get away with this. Earlier you heard 204 00:11:33,440 --> 00:11:36,640 Speaker 1: the words of Fiona Hill a short time ago. Angela 205 00:11:36,720 --> 00:11:39,280 Speaker 1: Stent didn't blink when she heard that that does seem 206 00:11:39,320 --> 00:11:43,960 Speaker 1: to have been an important date in Russian and Ukrainian history, 207 00:11:44,080 --> 00:11:46,800 Speaker 1: as well as U s history. Would you agree, yes, 208 00:11:46,920 --> 00:11:49,080 Speaker 1: we uh we We tend to get lost in the 209 00:11:49,120 --> 00:11:52,320 Speaker 1: moment there's all this action, a war on the ground 210 00:11:52,440 --> 00:11:56,160 Speaker 1: in Ukraine. But I really thought it was compelling that 211 00:11:56,280 --> 00:11:59,160 Speaker 1: Fiona Hill took a step back today and made those 212 00:11:59,160 --> 00:12:02,160 Speaker 1: comments about the act that this would all probably have 213 00:12:02,559 --> 00:12:06,880 Speaker 1: been kicked off on January six had Trump been successful 214 00:12:07,480 --> 00:12:11,640 Speaker 1: in overturning the elections. On the Capitol that day, and 215 00:12:11,640 --> 00:12:14,440 Speaker 1: and that's chilling. I mean, you can just only imagine 216 00:12:15,200 --> 00:12:18,040 Speaker 1: um what the world would look out look like today 217 00:12:18,400 --> 00:12:21,040 Speaker 1: if something like that had happened. And and to be honest, 218 00:12:21,320 --> 00:12:24,480 Speaker 1: you constantly think you live in a world with institutions 219 00:12:24,520 --> 00:12:27,640 Speaker 1: that can make up for this kind of inconsistencies with 220 00:12:27,760 --> 00:12:30,160 Speaker 1: its leaders. But at the end of the day, leaders 221 00:12:30,160 --> 00:12:32,440 Speaker 1: do matter. And I and I hope that that's something 222 00:12:32,440 --> 00:12:34,520 Speaker 1: that we have a chance to talk about more between 223 00:12:34,559 --> 00:12:37,319 Speaker 1: now and even election day in the mid terms. Well, 224 00:12:37,360 --> 00:12:40,800 Speaker 1: it's certainly true, Rick, But is it because Donald Trump 225 00:12:40,800 --> 00:12:43,880 Speaker 1: would have stayed in office or because democracy in that 226 00:12:43,920 --> 00:12:45,959 Speaker 1: case would have been trashed there would have been no 227 00:12:46,400 --> 00:12:49,680 Speaker 1: credible argument against what Russia was doing. Well, those those 228 00:12:49,720 --> 00:12:53,160 Speaker 1: two things would be uh in tandem, right, I mean, 229 00:12:53,280 --> 00:12:55,679 Speaker 1: Trump would have stayed in office had he performed a 230 00:12:55,760 --> 00:12:59,040 Speaker 1: soft coup, and and it would have been enough to 231 00:12:59,080 --> 00:13:01,600 Speaker 1: say that Democra she was on its back. And that 232 00:13:01,640 --> 00:13:04,560 Speaker 1: would have been enough for Vladimir Putin to do what 233 00:13:04,600 --> 00:13:07,640 Speaker 1: he had already started. Remember he had invaded in two 234 00:13:07,720 --> 00:13:10,800 Speaker 1: thousand fourteen. I was looking for an opportunity to get 235 00:13:10,800 --> 00:13:13,880 Speaker 1: in there again. And and no doubt that this would 236 00:13:13,880 --> 00:13:17,959 Speaker 1: have been that opportunity. Important headline on our Ukraine update 237 00:13:17,960 --> 00:13:22,120 Speaker 1: on the terminal, Democrats top Biden ask with forty billion 238 00:13:22,200 --> 00:13:25,720 Speaker 1: dollar package. We're waiting for Congress Genie to get this 239 00:13:25,880 --> 00:13:28,920 Speaker 1: together here. Just yesterday on the Sunday Morning shows, I 240 00:13:28,920 --> 00:13:32,520 Speaker 1: believe it was faced the Nation CBS, Nancy Pelosi said 241 00:13:32,520 --> 00:13:35,920 Speaker 1: that needs to get done this month. It's the ninth 242 00:13:35,960 --> 00:13:38,319 Speaker 1: of May. You know what the calendar looks like right now? 243 00:13:38,360 --> 00:13:41,480 Speaker 1: What the heck is taking so long? Here? Is it 244 00:13:41,559 --> 00:13:45,200 Speaker 1: the potential attachment of COVID funding like we've discussed title 245 00:13:45,280 --> 00:13:47,320 Speaker 1: forty two, or is this going to sail through now 246 00:13:47,320 --> 00:13:50,480 Speaker 1: that there's a number on it. You know, nothing's gonna 247 00:13:50,480 --> 00:13:53,240 Speaker 1: sail through the US Congress, But I do believe this 248 00:13:53,320 --> 00:13:56,520 Speaker 1: is the one thing we do see getting done before 249 00:13:56,800 --> 00:14:00,440 Speaker 1: you know, they break for the mid term essentially. And um, 250 00:14:00,480 --> 00:14:04,240 Speaker 1: you know, Nancy Pelosi is somebody who has visited at Ukraine. 251 00:14:04,559 --> 00:14:07,120 Speaker 1: We saw the first lady there over the weekend. What's 252 00:14:07,120 --> 00:14:09,680 Speaker 1: holding this up is that it hasn't been a clean bill, 253 00:14:09,720 --> 00:14:12,680 Speaker 1: and there's an effort to as you mentioned, COVID funding 254 00:14:12,679 --> 00:14:15,280 Speaker 1: and other things to pile on there. But if they 255 00:14:15,320 --> 00:14:18,080 Speaker 1: can keep it clean, they will push this through because 256 00:14:18,120 --> 00:14:21,320 Speaker 1: it does have widespread support in Congress. One of the 257 00:14:21,400 --> 00:14:24,960 Speaker 1: few things that can get through in this environment. Forty 258 00:14:25,040 --> 00:14:27,960 Speaker 1: billion from thirty three billion the president asked for. That's 259 00:14:28,000 --> 00:14:30,600 Speaker 1: the it's actually thirty nine point seven to be exact 260 00:14:30,640 --> 00:14:33,960 Speaker 1: with Democrats have drafted. It's important though, and it probably 261 00:14:34,000 --> 00:14:36,040 Speaker 1: won't get a lot of coverage. Maybe I'm wrong, Rick, 262 00:14:36,160 --> 00:14:40,640 Speaker 1: This UH, this len Lease Act was signed today by 263 00:14:40,720 --> 00:14:45,000 Speaker 1: President Biden. This this gets hardware flowing even without that money. 264 00:14:45,160 --> 00:14:46,920 Speaker 1: That's right. I think this is really one of the 265 00:14:47,000 --> 00:14:49,840 Speaker 1: key things that has happened this week for the US 266 00:14:49,880 --> 00:14:53,680 Speaker 1: support for Ukraine. This is of course a device used 267 00:14:53,680 --> 00:14:56,400 Speaker 1: in law when Franklin, Dellar and Roosevelt, without wanting to 268 00:14:56,520 --> 00:15:00,600 Speaker 1: enter the war directly wanted to support the Ofish efforts 269 00:15:00,600 --> 00:15:03,960 Speaker 1: against the Nazis. UH was able to use to get 270 00:15:04,000 --> 00:15:08,640 Speaker 1: equipment and and and and and weapons to the uk UH. 271 00:15:08,640 --> 00:15:11,320 Speaker 1: This is no different. This allows the present to start 272 00:15:11,320 --> 00:15:15,680 Speaker 1: shipping weapons systems that ultimately may be paid for by 273 00:15:15,760 --> 00:15:18,240 Speaker 1: this legislative package. But it takes a heat off of 274 00:15:18,320 --> 00:15:19,800 Speaker 1: Congress to have to do it in order to be 275 00:15:19,800 --> 00:15:22,200 Speaker 1: able to get those those things in the supply chain. 276 00:15:22,280 --> 00:15:25,240 Speaker 1: And so it really gives a lot more flexibility to 277 00:15:25,360 --> 00:15:29,520 Speaker 1: the administration. It's it's military partners around the world to 278 00:15:29,680 --> 00:15:34,000 Speaker 1: get equipment into Ukraine quickly. Rick Davis, Jeannie Chanzano, our 279 00:15:34,080 --> 00:15:36,680 Speaker 1: signature panel, and this we get our Monday edition of 280 00:15:36,760 --> 00:15:39,960 Speaker 1: Sound on My Goodness Roney halfway through the fastest hour 281 00:15:40,600 --> 00:15:43,400 Speaker 1: in politics and coming back with Jordan Fabian from our 282 00:15:43,400 --> 00:15:46,720 Speaker 1: White House Team, mark column on the mid terms and 283 00:15:46,840 --> 00:15:51,120 Speaker 1: what he calls democrats proportion theory. He's up next. This 284 00:15:51,280 --> 00:15:59,200 Speaker 1: is Bloomberg broadcasting live from our nation's capital, Bloomberg to 285 00:15:59,320 --> 00:16:03,520 Speaker 1: New York, Bloomberg eleven trio to Boston, Bloomberg one oh 286 00:16:03,600 --> 00:16:07,320 Speaker 1: six one to San Francisco, Bloomberg nine sixty to the 287 00:16:07,360 --> 00:16:11,320 Speaker 1: country Serious x M Chado one nineteen and around the globe, 288 00:16:11,360 --> 00:16:15,280 Speaker 1: the Bloomberg Business app and Bloomberg Radio dot Com. This 289 00:16:15,680 --> 00:16:21,880 Speaker 1: is Bloomberg Sound On with Joe Matthew. The headline on 290 00:16:21,920 --> 00:16:27,080 Speaker 1: the terminal Biden taps democrats, abortioned fury as bit term 291 00:16:27,200 --> 00:16:30,880 Speaker 1: white out loops. How about it? From Jordan's Fabian on 292 00:16:30,880 --> 00:16:33,120 Speaker 1: our White House Team. He's going to be with us next, 293 00:16:33,160 --> 00:16:36,720 Speaker 1: as White House official sees in Jordan's writing, the political 294 00:16:36,720 --> 00:16:41,720 Speaker 1: opportunity in Democrats doomsday scenario. First though, we checked the markets, 295 00:16:42,360 --> 00:16:45,200 Speaker 1: not trying to connect the dots on doomsday. Charlie Pellett, 296 00:16:45,200 --> 00:16:47,040 Speaker 1: what happened today? It was an ugly day for the 297 00:16:47,080 --> 00:16:49,880 Speaker 1: bulls today. In fact, we are at a thirteen month 298 00:16:49,960 --> 00:16:52,960 Speaker 1: low for the s and P five hundred index. Obviously 299 00:16:53,360 --> 00:16:56,400 Speaker 1: year to date, looking at a sixteen point two percent 300 00:16:56,560 --> 00:16:59,440 Speaker 1: loss for the SMP five index, that is the year 301 00:16:59,480 --> 00:17:01,880 Speaker 1: to day and i'm or today the SMP fell three 302 00:17:01,920 --> 00:17:05,440 Speaker 1: point two percent, down another one thirty two if you're 303 00:17:05,480 --> 00:17:08,439 Speaker 1: looking at big round numbers. The SMP today closed below 304 00:17:08,560 --> 00:17:12,880 Speaker 1: four thousand, back at thirty so stocks lore we had 305 00:17:12,880 --> 00:17:16,040 Speaker 1: a widespread sell off amid concern about the FEDS ability 306 00:17:16,119 --> 00:17:21,000 Speaker 1: to tame inflationary spirals without throwing the economy into a recession. 307 00:17:21,280 --> 00:17:24,480 Speaker 1: The now drops six hundred fifty three, extending last week's 308 00:17:24,520 --> 00:17:28,480 Speaker 1: declines down by two percent. Naz stackdown five twenty one, 309 00:17:28,680 --> 00:17:31,520 Speaker 1: a drop there of four point three percent. Ten Your 310 00:17:31,560 --> 00:17:34,959 Speaker 1: up twenty three thirty seconds, Tenure Yield three point six percent, 311 00:17:35,040 --> 00:17:38,960 Speaker 1: Spot Gold eighteen fifty four. The Ounce West Texas Enemdia 312 00:17:39,000 --> 00:17:42,200 Speaker 1: Crew down six point one percent. One oh three oh 313 00:17:42,280 --> 00:17:45,800 Speaker 1: nine Apparel just getting word from Microsoft, it will help 314 00:17:45,880 --> 00:17:48,840 Speaker 1: cover the cost of employees having to travel to get 315 00:17:48,880 --> 00:17:53,560 Speaker 1: abortions or gender affirming care. I'm Charlie Pelopat Joe matthew 316 00:17:53,640 --> 00:17:57,680 Speaker 1: is a Bloomberg business flash. Charlie, thanks. How dare you? 317 00:17:58,160 --> 00:18:02,240 Speaker 1: Was the initial response Hunts from Vice President Kamala Harris 318 00:18:02,240 --> 00:18:04,240 Speaker 1: as she spoke to Emily's List the day that the 319 00:18:04,240 --> 00:18:07,960 Speaker 1: big draft leaked last week. Hard to believe a week 320 00:18:08,000 --> 00:18:11,320 Speaker 1: has gone by and Jordan Fabian's got a great piece 321 00:18:11,320 --> 00:18:13,840 Speaker 1: on the impact, at least potentially on the mid terms. 322 00:18:13,880 --> 00:18:15,399 Speaker 1: There were a lot of hot takes, a lot of 323 00:18:15,400 --> 00:18:18,520 Speaker 1: instant analysis. I was part of the chorus, uh, in 324 00:18:18,560 --> 00:18:21,680 Speaker 1: the twenty four hours that followed that story. And now 325 00:18:21,680 --> 00:18:23,480 Speaker 1: that it's had a chance to settle, or at least 326 00:18:23,480 --> 00:18:26,120 Speaker 1: is beginning to settle, it's good to talk with Jordan 327 00:18:26,200 --> 00:18:28,840 Speaker 1: about this, and it's it's great to have Jordan Fabian here. 328 00:18:28,840 --> 00:18:30,960 Speaker 1: A message you right, Jordan, The White House believes will 329 00:18:31,000 --> 00:18:35,280 Speaker 1: resonate with suburban women, minorities, and young voters, whose support 330 00:18:35,280 --> 00:18:39,200 Speaker 1: could be key to staving awful loss of Democrats House 331 00:18:39,200 --> 00:18:42,840 Speaker 1: and Senate majorities. Uh, you're of course quoting an advisor 332 00:18:42,960 --> 00:18:45,880 Speaker 1: on that who you spoke with for the story. Uh, 333 00:18:45,880 --> 00:18:48,359 Speaker 1: but it is an important take here with months to go, 334 00:18:48,600 --> 00:18:52,200 Speaker 1: Jordan's how many single issue voters are there who could 335 00:18:52,200 --> 00:18:55,760 Speaker 1: actually make a difference in the outcome of this election. 336 00:18:56,240 --> 00:18:59,280 Speaker 1: I think it remains to be seeing Joe. It might 337 00:18:59,320 --> 00:19:01,680 Speaker 1: not be very any But the here of the case 338 00:19:01,760 --> 00:19:05,320 Speaker 1: here is that the Democrats, in order to improve their 339 00:19:05,320 --> 00:19:09,040 Speaker 1: slim chances of holding on the majority, need to change 340 00:19:09,080 --> 00:19:13,240 Speaker 1: this election from a referendum on Joe Biden into a 341 00:19:13,320 --> 00:19:16,320 Speaker 1: choice election between Republicans Democrats. And the way it was 342 00:19:16,359 --> 00:19:19,439 Speaker 1: put to me by Biden advisors and others is that 343 00:19:19,560 --> 00:19:23,000 Speaker 1: abortion is a part of that effort and that they 344 00:19:23,000 --> 00:19:26,000 Speaker 1: can use to distinguish them from Republicans and try to 345 00:19:26,040 --> 00:19:29,240 Speaker 1: paid Republicans as extreme. But it's not going to be 346 00:19:29,280 --> 00:19:31,879 Speaker 1: a silver bullet. It's not something that's gonna turn the 347 00:19:31,920 --> 00:19:33,919 Speaker 1: tie for them alone. It needs to be paired and 348 00:19:33,960 --> 00:19:37,840 Speaker 1: they're telling with message on the economy and other major 349 00:19:37,920 --> 00:19:41,920 Speaker 1: issues that voters care about. Then again, it's going to 350 00:19:42,040 --> 00:19:43,879 Speaker 1: raise a lot of money, right, I mean, wouldn't that 351 00:19:43,920 --> 00:19:46,399 Speaker 1: alone have an impact on the outcome of some of 352 00:19:46,400 --> 00:19:51,119 Speaker 1: these races? Absolutely? Yeah. We heard from at blue the 353 00:19:51,760 --> 00:19:55,240 Speaker 1: Democratic fundraising tool that they raised about twelve million dollars 354 00:19:55,520 --> 00:19:59,199 Speaker 1: in the first day after that draft opinion was leaked alone. 355 00:19:59,720 --> 00:20:03,880 Speaker 1: And yeah, it's important for buoying UH the candidates running 356 00:20:03,920 --> 00:20:06,920 Speaker 1: in some of these competitive races, but also, Joe, it's 357 00:20:06,920 --> 00:20:10,760 Speaker 1: helpful for Democrats in spending money in races that might 358 00:20:10,760 --> 00:20:13,800 Speaker 1: be seen as a reach forcing Republicans to spend some 359 00:20:13,840 --> 00:20:16,359 Speaker 1: of their war chests on those races in order to 360 00:20:16,400 --> 00:20:19,960 Speaker 1: deplete the money that they have to spend on vulnerable 361 00:20:20,520 --> 00:20:23,960 Speaker 1: races or pickup opportunities in their case. So that's what 362 00:20:24,040 --> 00:20:25,760 Speaker 1: they think is going to be at least one side 363 00:20:25,800 --> 00:20:29,480 Speaker 1: effect of this issue. Turnout is a big part of 364 00:20:29,520 --> 00:20:32,040 Speaker 1: this whole story, right in in an election season that 365 00:20:32,119 --> 00:20:35,040 Speaker 1: may not have drawn a lot of Democrats to the polls, 366 00:20:35,080 --> 00:20:38,040 Speaker 1: because my goodness that you know we're we're guilty of 367 00:20:38,040 --> 00:20:41,120 Speaker 1: this sometimes, Jordans, that the news media writing about how 368 00:20:41,240 --> 00:20:44,680 Speaker 1: history UH and the issues are going to combine into 369 00:20:44,760 --> 00:20:46,720 Speaker 1: what you refer to as a wipe out here in 370 00:20:46,760 --> 00:20:48,960 Speaker 1: your call. Yeah, and absolutely, and I think we write 371 00:20:48,960 --> 00:20:52,120 Speaker 1: a joey part because it's it's true that the incumbent 372 00:20:52,160 --> 00:20:54,920 Speaker 1: party usually takes losses and it have interm election year 373 00:20:54,960 --> 00:20:57,520 Speaker 1: and this time is no different. And in fact, you know, 374 00:20:57,560 --> 00:21:01,359 Speaker 1: all the political factors right now are working against Joe 375 00:21:01,359 --> 00:21:04,520 Speaker 1: Biden and the Democrats, and that's demoralize a lot of 376 00:21:04,640 --> 00:21:07,320 Speaker 1: Democratic voters. They don't have a whole lot of reason 377 00:21:07,359 --> 00:21:09,760 Speaker 1: to show up and support their candidates, a lot of 378 00:21:09,960 --> 00:21:15,120 Speaker 1: campaign promises unfulfilled, high inflation, Republican attacks. And the view 379 00:21:15,240 --> 00:21:18,920 Speaker 1: among Biden's advisors is that this gives at least a 380 00:21:19,000 --> 00:21:21,359 Speaker 1: jolt of energy to some of his voters, that this 381 00:21:21,359 --> 00:21:24,119 Speaker 1: gives them a changible reason to go out in November 382 00:21:24,200 --> 00:21:26,600 Speaker 1: and pull the lever or or in some cases you 383 00:21:26,760 --> 00:21:29,639 Speaker 1: send an envelope to vote for the candidate of their choice. 384 00:21:29,640 --> 00:21:31,800 Speaker 1: On the Democratic side, halls are on the side of 385 00:21:32,000 --> 00:21:35,879 Speaker 1: Democrats on this issue. How come? And in some cases 386 00:21:35,880 --> 00:21:40,879 Speaker 1: they're overwhelming Jordan's how come that doesn't equal victory in November? 387 00:21:41,200 --> 00:21:43,440 Speaker 1: Does it bring us back to inflation and a lot 388 00:21:43,480 --> 00:21:45,280 Speaker 1: of the other stories that we're talking about the head 389 00:21:45,320 --> 00:21:48,320 Speaker 1: winds for Democrats. That's definitely a big part of the story, Joe, 390 00:21:48,359 --> 00:21:50,800 Speaker 1: that the economy and inflation remain the number one issues, 391 00:21:50,880 --> 00:21:53,480 Speaker 1: and the people I talked to don't see that changing. 392 00:21:53,640 --> 00:21:58,760 Speaker 1: Even if the Supreme Court goes ahead and repeals essentially 393 00:21:58,920 --> 00:22:02,760 Speaker 1: Roe v. Wade and ends the federal right to an abortion. 394 00:22:03,240 --> 00:22:07,439 Speaker 1: That being said, there's other factors too that this issue 395 00:22:07,480 --> 00:22:10,080 Speaker 1: for a long time has been a bigger motivating factor 396 00:22:10,520 --> 00:22:14,400 Speaker 1: for Republican voters and conservative voters than Democratic voters. We've 397 00:22:14,400 --> 00:22:18,639 Speaker 1: seen this on issues across the spectrum, from immigration to 398 00:22:18,680 --> 00:22:21,760 Speaker 1: gun some of these more cultural issues. And while the 399 00:22:21,840 --> 00:22:24,920 Speaker 1: national majority might be on the side of Democrats, there's 400 00:22:24,960 --> 00:22:29,040 Speaker 1: a more a bigger cohort of voters really motivated a 401 00:22:29,119 --> 00:22:32,199 Speaker 1: big way by this issue on the conservative side. So, uh, 402 00:22:32,280 --> 00:22:34,399 Speaker 1: you know, where's the universe of voters who are going 403 00:22:34,440 --> 00:22:37,480 Speaker 1: to be motivated enough by abortion, for example, to show 404 00:22:37,560 --> 00:22:40,000 Speaker 1: up to vote. And that's what the Republicans said too, 405 00:22:40,040 --> 00:22:42,199 Speaker 1: is that this might motivate voters on their side of 406 00:22:42,200 --> 00:22:45,919 Speaker 1: the aisle as well and counterbalanced Democrats advantage. You're asking, 407 00:22:46,040 --> 00:22:48,280 Speaker 1: you know a lot of good questions here, but isn't 408 00:22:48,280 --> 00:22:51,679 Speaker 1: it interesting that we haven't been hearing much talk about 409 00:22:51,720 --> 00:22:56,520 Speaker 1: abortion and less asked by Republican lawmakers. And the rally 410 00:22:56,560 --> 00:23:00,000 Speaker 1: that Donald Trump held over the weekend was Friday in Pennsylvania. 411 00:23:00,040 --> 00:23:02,800 Speaker 1: You didn't even mention it once. It's a really good 412 00:23:02,800 --> 00:23:05,160 Speaker 1: point shoe and it's super interesting because this has really 413 00:23:05,160 --> 00:23:07,440 Speaker 1: been a fifty year project by the conservative movement to 414 00:23:07,560 --> 00:23:10,520 Speaker 1: roll back abortion rights. But a lot of office holders 415 00:23:10,600 --> 00:23:13,760 Speaker 1: realized that this is an unpopular stance among the majority 416 00:23:13,760 --> 00:23:17,600 Speaker 1: of Americans. So, uh, while they may be you know, winking, 417 00:23:17,680 --> 00:23:20,280 Speaker 1: nodding to their base saying we got this done, they 418 00:23:20,320 --> 00:23:23,840 Speaker 1: don't want to necessarily broadcast it widely to the public 419 00:23:23,880 --> 00:23:26,720 Speaker 1: to say, you know, hey, we we did this whole 420 00:23:26,720 --> 00:23:29,320 Speaker 1: effort to you know, it's stall conservative justices on the 421 00:23:29,359 --> 00:23:32,840 Speaker 1: bench and and repeal Roe v. Wade, And so you're 422 00:23:32,840 --> 00:23:35,440 Speaker 1: you might not hear them touting this as much on 423 00:23:35,480 --> 00:23:38,359 Speaker 1: the campaign trail as Democrats are gonna be talking about it. 424 00:23:38,560 --> 00:23:40,879 Speaker 1: There's a lot to consider here. With a lot of 425 00:23:40,920 --> 00:23:43,960 Speaker 1: time left to Jordan, and I wonder what you're hearing 426 00:23:44,320 --> 00:23:48,080 Speaker 1: from those advisors to the president when they consider the 427 00:23:48,160 --> 00:23:52,159 Speaker 1: amount of time that is left. That's a lot of ads, 428 00:23:52,160 --> 00:23:54,280 Speaker 1: that could be a lot of marches on Washington. They 429 00:23:54,320 --> 00:23:57,880 Speaker 1: actually have time to get creative with this. But then again, 430 00:23:57,960 --> 00:24:00,359 Speaker 1: Republicans do as well. I guess I just wonder how 431 00:24:00,480 --> 00:24:03,480 Speaker 1: much of a of an urgency will there be behind 432 00:24:03,520 --> 00:24:06,240 Speaker 1: this story come November. It's a great question again. Joe 433 00:24:06,480 --> 00:24:08,400 Speaker 1: and the way it was put to me about one 434 00:24:08,560 --> 00:24:12,040 Speaker 1: advisor who I talked to in Biden's operation is that 435 00:24:12,160 --> 00:24:14,679 Speaker 1: there's gonna be multiple opportunities for them to highlight this 436 00:24:14,720 --> 00:24:18,359 Speaker 1: issue right after this leak's opinion, of course, also in 437 00:24:18,560 --> 00:24:21,480 Speaker 1: later in the summer when whenever the opinion comes out. 438 00:24:21,800 --> 00:24:25,199 Speaker 1: And also they said that another opportunity might be in 439 00:24:25,280 --> 00:24:27,280 Speaker 1: the fall with college students. So you don't want some 440 00:24:27,320 --> 00:24:29,560 Speaker 1: of those young voters that they think this will appeal to, 441 00:24:29,840 --> 00:24:32,040 Speaker 1: you'll go back to college campuses. You see this as 442 00:24:32,080 --> 00:24:35,280 Speaker 1: an organizing opportunity, and of course closer to the election 443 00:24:35,320 --> 00:24:38,520 Speaker 1: of November. So while we're not hearing a whole lot 444 00:24:38,600 --> 00:24:41,760 Speaker 1: from Joe Biden in the immediate aftermath of this league, 445 00:24:42,320 --> 00:24:45,800 Speaker 1: it's gonna come up again and again. Jordan's Fabian find 446 00:24:45,840 --> 00:24:50,240 Speaker 1: his column on the terminal Great insights on Bloomberg's sound. 447 00:24:50,400 --> 00:24:54,840 Speaker 1: Will we assemble the panel next? This is Bloomber. You're 448 00:24:54,880 --> 00:25:01,320 Speaker 1: listening to Bloomberg who sound on with Joe Matthew on Bloomberg. Ready, 449 00:25:02,960 --> 00:25:07,680 Speaker 1: it's primary day tomorrow West Virginia and Nebraska this week, 450 00:25:08,760 --> 00:25:11,879 Speaker 1: but Donald Trump was in neither state. Friday night. He 451 00:25:11,960 --> 00:25:16,159 Speaker 1: was in Pennsylvania, where some consider the real fight to 452 00:25:16,240 --> 00:25:19,440 Speaker 1: be underway here in part because it will help determine 453 00:25:19,480 --> 00:25:23,560 Speaker 1: who wins control of the US Senate. The headline by 454 00:25:23,680 --> 00:25:26,760 Speaker 1: Nark Mark Niquette on the Bloomberg Trump puts gop Cloud 455 00:25:26,760 --> 00:25:30,960 Speaker 1: on the line again as Oz seeks edge on McCormick. Indeed, 456 00:25:31,119 --> 00:25:35,399 Speaker 1: doctor Oz mement Oz in the Senate race against Bridgewater 457 00:25:35,520 --> 00:25:38,760 Speaker 1: former Bridgewater exact David McCormick. This is one of the 458 00:25:38,800 --> 00:25:42,320 Speaker 1: most closely watched and most expensive races in the country 459 00:25:42,359 --> 00:25:44,480 Speaker 1: here and Donald Trump went for it, and not everybody 460 00:25:44,480 --> 00:25:46,240 Speaker 1: in the crowd loved it, but he was there to 461 00:25:46,320 --> 00:25:50,480 Speaker 1: make a full throated two fists on the table push 462 00:25:50,760 --> 00:25:54,480 Speaker 1: for doctor Oz. Here's Trump on Friday. This show is great. 463 00:25:54,600 --> 00:25:58,200 Speaker 1: He's in that he's on that screen. He's in the 464 00:25:58,359 --> 00:26:01,560 Speaker 1: bedrooms of all those women, telling them good and bad, 465 00:26:02,560 --> 00:26:05,120 Speaker 1: and they love him. He came into a place where 466 00:26:05,160 --> 00:26:06,959 Speaker 1: we had a lot of women sitting there waiting for 467 00:26:07,000 --> 00:26:10,960 Speaker 1: something unrelated. They started going crazy, Is that doctor? That's 468 00:26:11,040 --> 00:26:16,560 Speaker 1: doctor ros As we reassemble the panel, Bloomberg Politics contributors 469 00:26:16,640 --> 00:26:19,119 Speaker 1: Rick Davis, genie Chaanzano, Rick, I'm guessing you wouldn't have 470 00:26:19,160 --> 00:26:22,639 Speaker 1: written the speech that way. Of course, it was not written, 471 00:26:22,680 --> 00:26:26,119 Speaker 1: but in a in a campaign that's gonna be uh 472 00:26:26,720 --> 00:26:29,719 Speaker 1: carried out against the backdrop of this Roe v. Wade conversation, 473 00:26:30,680 --> 00:26:33,359 Speaker 1: How do you think that approach is gonna work? You know, 474 00:26:33,440 --> 00:26:38,000 Speaker 1: I don't think uh talking to female voters the way 475 00:26:38,040 --> 00:26:40,920 Speaker 1: that Donald Trump did or has since two thousand and 476 00:26:40,960 --> 00:26:43,960 Speaker 1: fifteen is particularly effective. But what do I know? I 477 00:26:44,760 --> 00:26:47,479 Speaker 1: grew up in a Republican party that wanted to recruit 478 00:26:47,520 --> 00:26:52,119 Speaker 1: women to our party with issues, uh, not with just 479 00:26:52,240 --> 00:26:54,800 Speaker 1: attractive candidates. Although I always thought Ronald Reagan was an 480 00:26:54,800 --> 00:26:57,120 Speaker 1: attractive candidate. But I wouldn't go where Donald Trump did, 481 00:26:57,160 --> 00:27:01,000 Speaker 1: That's for sure. Dr Roz is up to as I 482 00:27:01,040 --> 00:27:03,840 Speaker 1: look at the poll of polls from Real Clear Politics, 483 00:27:04,520 --> 00:27:07,120 Speaker 1: within the margin, I guess you could say here, Jeanie, 484 00:27:07,200 --> 00:27:11,720 Speaker 1: is is this endorsement going to be tested by David 485 00:27:11,800 --> 00:27:14,600 Speaker 1: McCormick in a way that changes the sort of appearance 486 00:27:14,600 --> 00:27:16,960 Speaker 1: that Donald Trump seems to have, the hold he seems 487 00:27:16,960 --> 00:27:20,159 Speaker 1: to have on the party. You know, it is a 488 00:27:20,200 --> 00:27:22,520 Speaker 1: test for Trump. He did, as we've talked about, he 489 00:27:22,560 --> 00:27:26,840 Speaker 1: did very well in the first big outing in Ohio, UM, 490 00:27:26,960 --> 00:27:30,119 Speaker 1: particularly with his pick advance. But of course he picked 491 00:27:30,160 --> 00:27:34,000 Speaker 1: over twenty candidates that one. So he is doing very well. 492 00:27:34,560 --> 00:27:37,959 Speaker 1: This is a tougher pick for him. UM. And you know, 493 00:27:38,000 --> 00:27:40,680 Speaker 1: I thought what was interesting is, even though you're right, 494 00:27:40,680 --> 00:27:43,120 Speaker 1: it's within the margin of era, you have Kathy Barnett 495 00:27:43,320 --> 00:27:46,399 Speaker 1: right up there, and there is some speculation you know, 496 00:27:46,680 --> 00:27:50,800 Speaker 1: potentially McCormick and odds are splitting the vote. But of course, 497 00:27:51,119 --> 00:27:55,320 Speaker 1: of course with the you know, sort of heightened focus 498 00:27:55,359 --> 00:28:00,600 Speaker 1: on abortion now, um, and you know whether Kathy Barnett's um. 499 00:28:00,640 --> 00:28:03,800 Speaker 1: She she put out a four minute video. She's been 500 00:28:03,840 --> 00:28:06,800 Speaker 1: speaking out about this. She's talked about an exception and 501 00:28:06,840 --> 00:28:09,600 Speaker 1: when the mother's life is a stake. So there has 502 00:28:09,640 --> 00:28:12,240 Speaker 1: been some you know, speculation perhaps that has helped her 503 00:28:12,359 --> 00:28:14,280 Speaker 1: rise in the polls to a certain extent. But it's 504 00:28:14,280 --> 00:28:17,479 Speaker 1: going to be close there. That said Donald Trump, UM, 505 00:28:17,640 --> 00:28:21,440 Speaker 1: so far, his record in in this cycle as it is, 506 00:28:21,440 --> 00:28:25,000 Speaker 1: is pretty strong. And and you know he if Oz 507 00:28:25,080 --> 00:28:28,080 Speaker 1: is gonna win, it's gonna be because of that endorsement. Well, 508 00:28:28,080 --> 00:28:29,600 Speaker 1: this is certainly not going to be just another j 509 00:28:29,720 --> 00:28:32,639 Speaker 1: D vance like we saw in Ohio. Rick, right, Pennsylvania 510 00:28:32,720 --> 00:28:36,280 Speaker 1: is a very different state and Republicans are are split 511 00:28:36,359 --> 00:28:38,440 Speaker 1: on this. When there was booing in the crowd actually 512 00:28:38,440 --> 00:28:42,080 Speaker 1: every time that Donald Trump mentioned the name Dr Oz 513 00:28:42,120 --> 00:28:44,760 Speaker 1: along with a lot of cheers as well. But interesting 514 00:28:44,800 --> 00:28:48,680 Speaker 1: to see, uh, Mike Pompeo come out against Dr Oz 515 00:28:49,160 --> 00:28:53,360 Speaker 1: over the weekend because of his dual citizenship with Turkey 516 00:28:53,400 --> 00:28:57,240 Speaker 1: and suggesting that he'd be a compromised candidate, that Donald 517 00:28:57,240 --> 00:29:01,040 Speaker 1: Trump picked the wrong name here. You know, I'm not 518 00:29:01,080 --> 00:29:02,800 Speaker 1: sure he picked the wrong name. He gets to pick 519 00:29:02,800 --> 00:29:05,400 Speaker 1: whoever he wants. And typically, as you point out, Joe, 520 00:29:05,640 --> 00:29:08,720 Speaker 1: it's the difference maker, right. It really took jd vance 521 00:29:08,720 --> 00:29:12,720 Speaker 1: from third place to first by by quite some percentage points, 522 00:29:12,760 --> 00:29:15,920 Speaker 1: and and arguably was the reasoning one. There was nothing 523 00:29:15,920 --> 00:29:19,440 Speaker 1: else happening in that race. This race before Donald Trump 524 00:29:19,520 --> 00:29:23,520 Speaker 1: even made an endorsement was a dead heat. McCormick and 525 00:29:23,520 --> 00:29:26,560 Speaker 1: Oz were you know, very close to one another. And 526 00:29:26,560 --> 00:29:28,680 Speaker 1: and and from what I can tell, the only thing 527 00:29:28,760 --> 00:29:31,040 Speaker 1: that you could argue for Dr Oz and the Trump 528 00:29:31,080 --> 00:29:33,320 Speaker 1: endorsement right now is it's given him, you know, three 529 00:29:33,440 --> 00:29:36,400 Speaker 1: or four percentage points margin of air um. Now, that 530 00:29:36,480 --> 00:29:39,000 Speaker 1: may be enough to win, but you've got seventy of 531 00:29:39,000 --> 00:29:43,600 Speaker 1: the Republican field. And in the latest pull I saw 532 00:29:43,760 --> 00:29:47,880 Speaker 1: for other candidates on the ballot other than Oz. That's 533 00:29:48,040 --> 00:29:51,959 Speaker 1: that's not much of a bump from Donald Trump in 534 00:29:51,960 --> 00:29:55,160 Speaker 1: this race. Now, maybe the demographics and Pennsylvania are different 535 00:29:55,160 --> 00:29:58,240 Speaker 1: than they are in Ohio. But but if I'm handicapping 536 00:29:58,320 --> 00:30:01,080 Speaker 1: this thing and Oz does win, but he wins by 537 00:30:01,080 --> 00:30:03,320 Speaker 1: a little bit, everyone will say, well, that's because Donald 538 00:30:03,320 --> 00:30:06,840 Speaker 1: Trump endorsed him. If he loses, he's gonna lose by 539 00:30:06,840 --> 00:30:08,800 Speaker 1: just a little bit. And I'm not sure Trump's gonna 540 00:30:08,840 --> 00:30:12,760 Speaker 1: take the heat for that, they'd say, Just imagine how 541 00:30:12,800 --> 00:30:14,640 Speaker 1: bad it could have been if he hadn't been endorsed 542 00:30:14,640 --> 00:30:17,640 Speaker 1: by Donald Trump. Of course, David McCormick on the other 543 00:30:17,680 --> 00:30:21,840 Speaker 1: side of this is, uh, he just took some serious 544 00:30:21,920 --> 00:30:25,520 Speaker 1: heat from Trump from the podium here at this rally, 545 00:30:25,560 --> 00:30:28,800 Speaker 1: former Bridgewater Associates executive, isn't it Donald Trump? Pick apart 546 00:30:28,880 --> 00:30:31,320 Speaker 1: David McCormick. Just to get a sense of how this 547 00:30:31,400 --> 00:30:34,080 Speaker 1: is coming the message coming from the other side, here's 548 00:30:34,080 --> 00:30:36,800 Speaker 1: Donald Trump again. You know that he was with a 549 00:30:36,880 --> 00:30:41,160 Speaker 1: company that managed money for communist China. And he is 550 00:30:41,240 --> 00:30:45,240 Speaker 1: absolutely the candidate of special interests and globalists and the 551 00:30:45,320 --> 00:30:49,360 Speaker 1: Washington establishment. And those are the people that are not 552 00:30:49,440 --> 00:30:53,160 Speaker 1: only spending millions and millions of dollars on his campaign. 553 00:30:53,240 --> 00:30:56,280 Speaker 1: They have unlimited money to just try and destroy OS, 554 00:30:57,600 --> 00:31:00,520 Speaker 1: which is pretty remarkable genius since a one of those 555 00:31:00,560 --> 00:31:03,320 Speaker 1: people he's talking about used to work for him, used 556 00:31:03,360 --> 00:31:05,440 Speaker 1: to work for Donald Trump, and they were helping to 557 00:31:05,480 --> 00:31:09,720 Speaker 1: support the McCormick campaign. Some of them still are. They are, 558 00:31:09,920 --> 00:31:14,479 Speaker 1: including McCormick's wife, Dina Powell. So you know, Trump, you know, 559 00:31:14,880 --> 00:31:18,680 Speaker 1: didn't mention that. Shockingly, um, you know, I think you 560 00:31:18,720 --> 00:31:21,960 Speaker 1: know what what's really important here is that what Donald 561 00:31:22,000 --> 00:31:26,200 Speaker 1: Trump is doing is unprecedented. Can you imagine any other 562 00:31:26,320 --> 00:31:30,360 Speaker 1: former president, particularly one who lost, who didn't just exit 563 00:31:30,480 --> 00:31:34,520 Speaker 1: stage left, but in fact has gone on to reshape 564 00:31:34,640 --> 00:31:37,640 Speaker 1: his party in the way Trump has win or lose 565 00:31:37,680 --> 00:31:41,040 Speaker 1: for the rest of these races. He has an indelible 566 00:31:41,080 --> 00:31:44,760 Speaker 1: impact on this party. And this is what McConnell and 567 00:31:44,840 --> 00:31:48,719 Speaker 1: other more centrist Republicans fear, because you know, we are 568 00:31:48,760 --> 00:31:51,240 Speaker 1: looking at a mid term in which all Democrats want 569 00:31:51,240 --> 00:31:53,800 Speaker 1: to talk about his Trump and all Republicans want to 570 00:31:53,800 --> 00:31:57,320 Speaker 1: talk about his Biden. So whoever wins that race, ironically 571 00:31:57,440 --> 00:32:00,520 Speaker 1: to who gets the most focused, is probably going to 572 00:32:00,720 --> 00:32:04,040 Speaker 1: do better than expect it. And so you know, this 573 00:32:04,120 --> 00:32:06,400 Speaker 1: is the reality, if you know, the number that has 574 00:32:06,440 --> 00:32:10,360 Speaker 1: astounded me is that Trump has outraised the Republican National 575 00:32:10,400 --> 00:32:13,880 Speaker 1: Committee in the last six months, one every day, except 576 00:32:13,880 --> 00:32:17,320 Speaker 1: to imagine that from a former president. It's astounding what 577 00:32:17,440 --> 00:32:21,200 Speaker 1: he has done here. Rick Davis, as I mentioned, one 578 00:32:21,240 --> 00:32:23,720 Speaker 1: issue that did not come up in the address was abortion. 579 00:32:23,920 --> 00:32:26,400 Speaker 1: Ro Vie Wade. Wasn't that something that this president would 580 00:32:26,400 --> 00:32:29,040 Speaker 1: want to take credit for following his Supreme Court appointments? 581 00:32:29,680 --> 00:32:32,040 Speaker 1: You know, you would think he would. Um, he has 582 00:32:32,080 --> 00:32:37,320 Speaker 1: been grappling Donald Trump has with his historical support for 583 00:32:37,600 --> 00:32:41,200 Speaker 1: choice per for running for president, and I'm sure it's 584 00:32:41,240 --> 00:32:46,080 Speaker 1: not the issue that he particularly wants to spend time discussing. Uh. 585 00:32:46,080 --> 00:32:50,080 Speaker 1: He's delivered for the pro life community, no doubt about it, 586 00:32:50,120 --> 00:32:53,200 Speaker 1: and that's really his point all along. I'm not going 587 00:32:53,240 --> 00:32:55,840 Speaker 1: to walk in those shoes, but I can deliver for 588 00:32:55,880 --> 00:32:59,160 Speaker 1: the people who are in them. And and by stacking 589 00:32:59,160 --> 00:33:01,719 Speaker 1: the court the way he as, he's given the opportunity 590 00:33:01,760 --> 00:33:04,960 Speaker 1: for having this happen. But I would say there are 591 00:33:05,000 --> 00:33:07,160 Speaker 1: a lot of issues he likes to talk about, mostly 592 00:33:07,280 --> 00:33:10,440 Speaker 1: his hair and toilets and things like that. Um. But 593 00:33:10,440 --> 00:33:13,640 Speaker 1: but he's never really liked uh talking about abortion, and 594 00:33:13,680 --> 00:33:16,240 Speaker 1: I wouldn't be surprised if he spends very little time 595 00:33:16,240 --> 00:33:18,800 Speaker 1: on it himself. Obviously, there are a lot of Organs 596 00:33:18,800 --> 00:33:21,920 Speaker 1: in the party who are going to shout about this issue, 597 00:33:22,000 --> 00:33:24,960 Speaker 1: but it probably won't be Donald Trump. We haven't heard 598 00:33:24,960 --> 00:33:27,720 Speaker 1: that much shouting though, typically one question, and we've there's 599 00:33:27,720 --> 00:33:29,480 Speaker 1: been a lot of reporting on the talking points and 600 00:33:29,520 --> 00:33:31,960 Speaker 1: how this is being hashed out in media. It was 601 00:33:32,040 --> 00:33:35,800 Speaker 1: certainly present on the Sunday morning talk shows. Uh here, Jeanie. 602 00:33:35,800 --> 00:33:37,920 Speaker 1: But what does that tell you, the fact that it's 603 00:33:37,920 --> 00:33:41,160 Speaker 1: not being embraced by Republicans who are running what does 604 00:33:41,160 --> 00:33:44,320 Speaker 1: that tell you about the conversation that's going to be 605 00:33:44,360 --> 00:33:47,080 Speaker 1: had on the campaign trail here? Democrats can't get to 606 00:33:47,160 --> 00:33:51,640 Speaker 1: it fast enough. Yeah, we've heard some grumbling that the 607 00:33:51,680 --> 00:33:55,600 Speaker 1: Sunday talk show hosts were unable to book a senator 608 00:33:55,680 --> 00:33:57,960 Speaker 1: from the Republican side because they didn't want to talk 609 00:33:57,960 --> 00:33:59,880 Speaker 1: about this. I mean, Lindsay Graham went on Fox, but 610 00:34:00,360 --> 00:34:02,280 Speaker 1: you know for the other shows that they couldn't get 611 00:34:02,320 --> 00:34:04,920 Speaker 1: a Republican out there. Um, And you know, I think 612 00:34:04,920 --> 00:34:08,680 Speaker 1: it speaks to the fact that they are uncertain as 613 00:34:08,719 --> 00:34:10,920 Speaker 1: to how this is going to play, and they are 614 00:34:11,040 --> 00:34:14,600 Speaker 1: smart about that, which is why, of course Mitch McConnell 615 00:34:14,719 --> 00:34:18,640 Speaker 1: statement over the weekend was so astonishing to so many 616 00:34:18,719 --> 00:34:22,879 Speaker 1: of us, because he actually verbalized that, you know, there 617 00:34:23,000 --> 00:34:26,960 Speaker 1: was a possibility that the Republicans, if they took the Senate, 618 00:34:27,320 --> 00:34:32,200 Speaker 1: could pursue and and the House obviously could pursue legislation 619 00:34:32,320 --> 00:34:35,520 Speaker 1: outline or banning abortion on a nationwide level. I mean, 620 00:34:35,760 --> 00:34:39,960 Speaker 1: that's absolutely astonishing for Mitch McConnell because Republicans have been 621 00:34:40,000 --> 00:34:42,560 Speaker 1: reluctant to talk about this, and you know, I just 622 00:34:42,600 --> 00:34:44,759 Speaker 1: want to follow up on what and what Rick said. 623 00:34:45,040 --> 00:34:47,040 Speaker 1: You know, Trump's not the only one who's had a 624 00:34:47,360 --> 00:34:50,520 Speaker 1: trouble grappling with abortion in his career, so is Biden. 625 00:34:50,680 --> 00:34:53,440 Speaker 1: The pro choice community has been frustrated that Biden has 626 00:34:53,560 --> 00:34:57,799 Speaker 1: never really fully embraced the pro choice line, and that's 627 00:34:57,840 --> 00:35:00,560 Speaker 1: partly because, of course he's famously a developed cathlicks. So 628 00:35:00,640 --> 00:35:03,359 Speaker 1: this is a tough issue on both sides for these 629 00:35:03,440 --> 00:35:07,520 Speaker 1: meth boy Rick. The vote is teed up for Wednesday. 630 00:35:07,680 --> 00:35:11,000 Speaker 1: Chuck Schumer says every member of the Senate will be 631 00:35:11,040 --> 00:35:13,080 Speaker 1: called up or down on this. He does not have 632 00:35:13,440 --> 00:35:17,200 Speaker 1: the votes, as we know here what a single Republican 633 00:35:17,520 --> 00:35:21,200 Speaker 1: vote with the Democrats on this. You know, I don't 634 00:35:21,239 --> 00:35:24,440 Speaker 1: think it's likely. Everything I've heard, Uh, Susan Collins, I 635 00:35:24,480 --> 00:35:27,680 Speaker 1: think uh indicated she wasn't gonna go there. I would 636 00:35:27,719 --> 00:35:30,759 Speaker 1: be surprised if Sender Murkowski went there. There are only 637 00:35:30,800 --> 00:35:33,360 Speaker 1: a few opportunities for Democrats pick up a vote on 638 00:35:33,360 --> 00:35:36,239 Speaker 1: here and and and they realize it's just it's it's 639 00:35:36,280 --> 00:35:40,239 Speaker 1: strictly symbolic, uh, and and not even particularly symbolics. Since 640 00:35:40,320 --> 00:35:43,240 Speaker 1: Democrats won't even be altogether on their own, It's highly 641 00:35:43,320 --> 00:35:47,279 Speaker 1: likely that Democrats can't count on Joe Manchin to support this. 642 00:35:47,400 --> 00:35:51,279 Speaker 1: So uh, everyone's talking about getting the sixty, oh, you know, 643 00:35:51,440 --> 00:35:53,799 Speaker 1: the philipbus. They're not going to get the fifty. And 644 00:35:53,840 --> 00:35:57,399 Speaker 1: that is a different problem for the Democrats. You've heard 645 00:35:57,400 --> 00:36:00,520 Speaker 1: it from Brick Davis and g. D. Chanzino are signature 646 00:36:00,520 --> 00:36:05,200 Speaker 1: panel here on Bloomberg Sound on Great conversation. It's only Monday. 647 00:36:05,280 --> 00:36:07,399 Speaker 1: We'll meet you back here tomorrow with more on all 648 00:36:07,440 --> 00:36:11,040 Speaker 1: of this, Jo Matthew and Washington. Thanks to Angela Stanford 649 00:36:11,040 --> 00:36:13,359 Speaker 1: being with us and Jordan's baby and as well the 650 00:36:13,360 --> 00:36:15,880 Speaker 1: fastest hour in PABA. This is Bloomberg