Speaker 1: Now from our nation's capital. This is Bloomberg Sound On.
Speaker 1: Plutin's speech was frankly a nothing burger and hopes that
Speaker 1: Europe will need gas quicker than he runs out of troops.
Speaker 1: We will have a vote on Wednesday, and we will
Speaker 1: see where every senator stand. Bloomberg Sound on Politics, Policy
Speaker 1: and perspective from DC's top names. Dr Oz He's on
Speaker 1: that screen, He's in the bedrooms of all those women.
Speaker 1: Are you on the fight China? Will you fight for
Speaker 1: our kids in our schools? Bloomberg Sound On with Joe
Speaker 1: Matthew on Bloomberg Radio. Russia's victory day comes and goes
Speaker 1: with no surprises from Vladimir Prutin. Welcome to the Fastest
Speaker 1: hour in politics with the view from Prutin's world. In
Speaker 1: a conversation ahead with Angela Stent, the author in plutins Sage,
Speaker 1: who directs the Center for Eurasian, Russian and East European
Speaker 1: Studies of Government and Foreign Service at Georgetown. Later, we'll
Speaker 1: turn to primary season. Bloomberg White House reporter Jordan Fabian
Speaker 1: will join us on his new column about the role
Speaker 1: that Roe V. Wade could play ahead of November and
Speaker 1: our signature panel is back in place. Bloomberg Politics contributors
Speaker 1: Jeanie Shentano and Rick Davis are with us for the hour,
Speaker 1: and that is where we start, with Rick Davis joining
Speaker 1: us from Bloomberg World headquarters in New York. Rick. The
Speaker 1: speech from Vladimir Putin was described by retired Brigadier General
Speaker 1: Mark Kimmittt today as a nothing burger. He made no news.
Speaker 1: What did you make of it? That must be a
Speaker 1: military scientific term. Uh, you know, it's it's another example
Speaker 1: of how little we probably really know about what goes
Speaker 1: on with Vladimir Putin or the Kremlin All month long.
Speaker 1: It was what kind of victory speech is he gonna give?
Speaker 1: Is he gonna call up troops, Are you're gonna you know,
Speaker 1: take on all these uh conscripts? Is he gonna use
Speaker 1: this opportunity to you know, change the law and in
Speaker 1: Russia to make it easier to fight. None of that happened.
Speaker 1: And and look, I mean the only conclusion you can
Speaker 1: make is he didn't have anything to declare victory of right.
Speaker 1: I mean, like even he knows better than to say
Speaker 1: he's winning in Ukraine without some tangible evidence. Obviously, the
Speaker 1: fight continues, and and and and that will be the
Speaker 1: story for the next you know, month, two months, six months,
Speaker 1: whatever it is. But um, I think it's the first
Speaker 1: recognition by Vladimir Putin that he couldn't get away with
Speaker 1: just abject propaganda on a day like this where the
Speaker 1: whole world was watching what he was gonna say. I'm
Speaker 1: still talking about Nazis though, and you know certainly was
Speaker 1: forwarding I think propaganda like messaging that's been coming from Moscow, Rick,
Speaker 1: I mean, talking to UH, talking to the people of
Speaker 1: Russia on this anniversary about the de Nazification of Ukraine
Speaker 1: is quite remarkable on a historical level. Yeah, I mean
Speaker 1: it's it's it insults everybody's sensibilities around the world. But
Speaker 1: that's who Vladimir Putin is. He really doesn't care about
Speaker 1: anybody else. And and this was his justific cation for
Speaker 1: UH rolling troops across a sovereign border. And and you know,
Speaker 1: it's kind of the old that's my line and I'm
Speaker 1: sticking to it. Uh, it doesn't work. Nobody around the
Speaker 1: world is aping that line. He doesn't have a single
Speaker 1: ally in this cause that's willing to go shoulder to
Speaker 1: shoulder wership other than his puppet and bay Larus, and
Speaker 1: and and so you know, you really begin to wonder
Speaker 1: how long is he going to stay on this stick
Speaker 1: of you know, trying to convince the world the legitimacy
Speaker 1: of his of his activities, especially at a time when
Speaker 1: really most of the energy is being spent towards empowering
Speaker 1: and equipping the Ukrainian military to fight back and cataloging
Speaker 1: all the war crimes that are being perpetrated by Vladimir
Speaker 1: Putin and his troops. Rick standby, and we're gonna bring
Speaker 1: in Jeanie Schanzano to the conversation in a moment as
Speaker 1: well as we look back to this speech just earlier,
Speaker 1: Vladimir Putin reviving his claim as I mentioned that Russia
Speaker 1: is fighting Neo Nazis in Ukraine, spoken red square on
Speaker 1: what is again Victory Day in Moscow, marking the seventy
Speaker 1: seventh anniversary of the defeat of Nazi Germany. Uh what
Speaker 1: some hit feared though. This is something I discussed last
Speaker 1: week with Senator Mark Warner, who again chairs the Intelligence Committee.
Speaker 1: Here's what he told us on Friday. I don't think
Speaker 1: May Night is going to have anything significant other than
Speaker 1: what UH Putin might might do. There's been speculation, and
Speaker 1: I'm not sure. There's been speculation that he might make
Speaker 1: a formal declaration of war against Russia against Ukraine, which
Speaker 1: would allow him to call up Paul at his reserves.
Speaker 1: But nothing more than another speech again trying to justify
Speaker 1: the invasion, along with of course, the pomp and circumstance,
Speaker 1: the military parade, the hardware of the music, the whole
Speaker 1: bit that you would expect. And that's where we start
Speaker 1: with Angela Stent, director of the Center for Eurasian, Russian
Speaker 1: and East European Studies of Government and Foreign Service at
Speaker 1: Georgetown University, of course, author of the definitive Putin's World,
Speaker 1: which is really gutting us, thinking quite a bit at
Speaker 1: Bloomberg News for the past ten weeks of his conflicts. Angela, welcome,
Speaker 1: It's it's great to have you with us. I wondered
Speaker 1: what must have been going through your mind as you
Speaker 1: watch Vladimir Putin go through this exercise and Red Square.
Speaker 1: He did not make history. He made no major announcements.
Speaker 1: Did he seem like he was on his heels to you? Well,
Speaker 1: he certainly made a very aggressive speech. He did not
Speaker 1: make history. He repeated all of his talking points that
Speaker 1: this was a warm preventative war that Russia had to
Speaker 1: undertake because NATO and the United States and it's corotninue
Speaker 1: quote Nazi allies in Ukraine were about to take back
Speaker 1: Russian territory in the don Bus and Crimea. Uh and
Speaker 1: so he repeated all of that, and he likened it
Speaker 1: obviously to nine and the Great Patriotic War. It wasn't
Speaker 1: a very long speech. He did make some uh nod
Speaker 1: to all of the casualties. I mean, he did say
Speaker 1: that they were good of more money to the families
Speaker 1: of the fallen soldiers. He had to admit that because
Speaker 1: that you know, Western counts say that up to any
Speaker 1: thousand Russian soldiers may have been killed. But yeah, but
Speaker 1: you should note that even though he did not announce
Speaker 1: officially general mobilization, they are mobilizing people. They are now
Speaker 1: sending notices the people in the reserves. People are told
Speaker 1: you have to come and report for duty otherwise you're
Speaker 1: going to lose your job. So that is actually going on.
Speaker 1: But he just didn't say it formally because he knew
Speaker 1: that that would be a very unpopular move with the population.
Speaker 1: You know, I'm just struck Angela by the vision of
Speaker 1: two thousand five. On on this day, Russia was marking
Speaker 1: the sixtieth the anniversary. At that point, more than fifty
Speaker 1: foreign leaders showed up, including George W. Bush. Exactly, ladimere
Speaker 1: Putin think he's winning as as he looked around earlier today.
Speaker 1: How could he have thought he was winning in comparison, Well,
Speaker 1: he must have convinced himself that he has a holy mission,
Speaker 1: and you know that this has become religious now, to
Speaker 1: holy mission to liberate Ukraine from the evil West and
Speaker 1: to reunite Ukraine with Russia and by the way, Belarus
Speaker 1: as well. He must have convinced himself. Is that there's
Speaker 1: no rational explanation for this otherwise. Fiona Hill was speaking
Speaker 1: with US last week, spoke with Bloomberg quick Take, suggesting
Speaker 1: that Vladimir Putin would have done this earlier. He would
Speaker 1: have invaded Ukraine earlier if the insurrection on January six
Speaker 1: had succeeded. I'd love for you to hear what she
Speaker 1: had to say and get your response. Here's Fiona Hill,
Speaker 1: And imagine if Trump productually succeeded on January six, and
Speaker 1: the members of the January six Committee in the U S.
Speaker 1: Congress a pretty confidence that we were very close to
Speaker 1: him succeeding had not. Vice President Pence basically refused to
Speaker 1: block the transfer of executive power, and I had agreed,
Speaker 1: in fact just go ahead, pushed ahead, rather than agree
Speaker 1: to it, I mean, disagreed with you know what Trump
Speaker 1: is asking him to do, and you know, basically Um
Speaker 1: certified the electoral votes. I mean, we've been a totally
Speaker 1: different place. I'm gonna body people would have probably just
Speaker 1: driven right into Ukraine himself, because he then would have
Speaker 1: seen the United States is completely finished from a leadership perspective,
Speaker 1: because we would be no different from any other country
Speaker 1: in the world that had just had a coup. Now
Speaker 1: this is someone who is there, Angela. This is a
Speaker 1: voice of credibility, I think on this issue in Fiona Hill,
Speaker 1: how do you react to that? Well, I think she's
Speaker 1: quite right because we know from Trump himself, even on
Speaker 1: the campaign trail in twenty six said, you know, Cramer
Speaker 1: was part of Russia, kind of Ukraine wasn't really a country.
Speaker 1: They took out of the Republican Party platform any words
Speaker 1: of support for Ukraine. So I'm sure that he would
Speaker 1: not have, you know, the Trump administration or at least
Speaker 1: the Trump White House would have not batted an eyelid
Speaker 1: if Fressia had invaded Ukraine. I'm not sure about the
Speaker 1: rest of the administration. But interestingly enough, when John Bolton
Speaker 1: was asked about this a couple of weeks ago, because
Speaker 1: Trump said this would never have happened if I had
Speaker 1: been president, Bob rejoined and sent, actually, grangle, I'm sorry,
Speaker 1: I wish we had more time. As usual, this is Bloomberg.
Speaker 1: You're listening to Bloomberg. You sound on with Joe Matthew
Speaker 1: on Bloomberg Radio. All a technical term from the retired
Speaker 1: general retired Brigadier General Mark Kimmitt to hear from often
Speaker 1: here on sound on and across Bloomberg Radio. With reaction
Speaker 1: to the Putin speech over the weekend, we were just
Speaker 1: discussing with Angela Stents and with Rick Davis, who will
Speaker 1: be back with us in a moment. Uh, not a
Speaker 1: lot there, certainly not a lot new, According to kim It,
Speaker 1: Here's how he described the speech from Moscow. Putin speech
Speaker 1: was frankly a nothing burger. Everybody was hoping to or
Speaker 1: expecting to hear, either that he would declare war, he
Speaker 1: would annex the Dawn Boss he would mobilize his forces.
Speaker 1: He did nothing of the sort. So I think he's
Speaker 1: just taking a slow study approach to this war and
Speaker 1: hopes that Europe will need gas quicker than he runs
Speaker 1: out of troops, which is a pretty grim thought. As
Speaker 1: we assemble the panel now with Rick Davis along with
Speaker 1: Jennie Chanzano Bloomberg Politics contributors, Genie, I'd love to get
Speaker 1: your reaction to all of this, as there were some
Speaker 1: pretty major concerns going into the weekend. Vladimir Putin did
Speaker 1: not make good on them, although Angela Stent reminded us
Speaker 1: that troops are being mobilized right, people are being pulled
Speaker 1: into the military, reserves are being called up. But he
Speaker 1: looked pretty lonely up there when you consider fifty world
Speaker 1: leaders with him in two thousand five. Putin's world has changed.
Speaker 1: It has, and you know, I keep thinking that perhaps
Speaker 1: it runned me a bit of the false live operations
Speaker 1: that the United States kept talking about in the build
Speaker 1: up to the war, that that didn't come to to play.
Speaker 1: And I kept wondering, if you know, there hadn't been
Speaker 1: so much, you know, so anticipation that he would use
Speaker 1: some kind of rhetoric, that that there would be some
Speaker 1: statement today if he might have, In other words, did
Speaker 1: we take the wind out of his sales, so to speak.
Speaker 1: That seemed to me what had been going on, because,
Speaker 1: as you mentioned, he seemed like a really lonely person
Speaker 1: up there without much to say on what is an
Speaker 1: incredibly important day, twenty seven million people lost in Russia
Speaker 1: and World War two. And yet today this is what
Speaker 1: we heard. His world changed apparently on the sixth of
Speaker 1: January as well, Rick, when he realized he wasn't gonna
Speaker 1: be able to get away with this. Earlier you heard
Speaker 1: the words of Fiona Hill a short time ago. Angela
Speaker 1: Stent didn't blink when she heard that that does seem
Speaker 1: to have been an important date in Russian and Ukrainian history,
Speaker 1: as well as U s history. Would you agree, yes,
Speaker 1: we uh we We tend to get lost in the
Speaker 1: moment there's all this action, a war on the ground
Speaker 1: in Ukraine. But I really thought it was compelling that
Speaker 1: Fiona Hill took a step back today and made those
Speaker 1: comments about the act that this would all probably have
Speaker 1: been kicked off on January six had Trump been successful
Speaker 1: in overturning the elections. On the Capitol that day, and
Speaker 1: and that's chilling. I mean, you can just only imagine
Speaker 1: um what the world would look out look like today
Speaker 1: if something like that had happened. And and to be honest,
Speaker 1: you constantly think you live in a world with institutions
Speaker 1: that can make up for this kind of inconsistencies with
Speaker 1: its leaders. But at the end of the day, leaders
Speaker 1: do matter. And I and I hope that that's something
Speaker 1: that we have a chance to talk about more between
Speaker 1: now and even election day in the mid terms. Well,
Speaker 1: it's certainly true, Rick, But is it because Donald Trump
Speaker 1: would have stayed in office or because democracy in that
Speaker 1: case would have been trashed there would have been no
Speaker 1: credible argument against what Russia was doing. Well, those those
Speaker 1: two things would be uh in tandem, right, I mean,
Speaker 1: Trump would have stayed in office had he performed a
Speaker 1: soft coup, and and it would have been enough to
Speaker 1: say that Democra she was on its back. And that
Speaker 1: would have been enough for Vladimir Putin to do what
Speaker 1: he had already started. Remember he had invaded in two
Speaker 1: thousand fourteen. I was looking for an opportunity to get
Speaker 1: in there again. And and no doubt that this would
Speaker 1: have been that opportunity. Important headline on our Ukraine update
Speaker 1: on the terminal, Democrats top Biden ask with forty billion
Speaker 1: dollar package. We're waiting for Congress Genie to get this
Speaker 1: together here. Just yesterday on the Sunday Morning shows, I
Speaker 1: believe it was faced the Nation CBS, Nancy Pelosi said
Speaker 1: that needs to get done this month. It's the ninth
Speaker 1: of May. You know what the calendar looks like right now?
Speaker 1: What the heck is taking so long? Here? Is it
Speaker 1: the potential attachment of COVID funding like we've discussed title
Speaker 1: forty two, or is this going to sail through now
Speaker 1: that there's a number on it. You know, nothing's gonna
Speaker 1: sail through the US Congress, But I do believe this
Speaker 1: is the one thing we do see getting done before
Speaker 1: you know, they break for the mid term essentially. And um,
Speaker 1: you know, Nancy Pelosi is somebody who has visited at Ukraine.
Speaker 1: We saw the first lady there over the weekend. What's
Speaker 1: holding this up is that it hasn't been a clean bill,
Speaker 1: and there's an effort to as you mentioned, COVID funding
Speaker 1: and other things to pile on there. But if they
Speaker 1: can keep it clean, they will push this through because
Speaker 1: it does have widespread support in Congress. One of the
Speaker 1: few things that can get through in this environment. Forty
Speaker 1: billion from thirty three billion the president asked for. That's
Speaker 1: the it's actually thirty nine point seven to be exact
Speaker 1: with Democrats have drafted. It's important though, and it probably
Speaker 1: won't get a lot of coverage. Maybe I'm wrong, Rick,
Speaker 1: This UH, this len Lease Act was signed today by
Speaker 1: President Biden. This this gets hardware flowing even without that money.
Speaker 1: That's right. I think this is really one of the
Speaker 1: key things that has happened this week for the US
Speaker 1: support for Ukraine. This is of course a device used
Speaker 1: in law when Franklin, Dellar and Roosevelt, without wanting to
Speaker 1: enter the war directly wanted to support the Ofish efforts
Speaker 1: against the Nazis. UH was able to use to get
Speaker 1: equipment and and and and and weapons to the uk UH.
Speaker 1: This is no different. This allows the present to start
Speaker 1: shipping weapons systems that ultimately may be paid for by
Speaker 1: this legislative package. But it takes a heat off of
Speaker 1: Congress to have to do it in order to be
Speaker 1: able to get those those things in the supply chain.
Speaker 1: And so it really gives a lot more flexibility to
Speaker 1: the administration. It's it's military partners around the world to
Speaker 1: get equipment into Ukraine quickly. Rick Davis, Jeannie Chanzano, our
Speaker 1: signature panel, and this we get our Monday edition of
Speaker 1: Sound on My Goodness Roney halfway through the fastest hour
Speaker 1: in politics and coming back with Jordan Fabian from our
Speaker 1: White House Team, mark column on the mid terms and
Speaker 1: what he calls democrats proportion theory. He's up next. This
Speaker 1: is Bloomberg broadcasting live from our nation's capital, Bloomberg to
Speaker 1: New York, Bloomberg eleven trio to Boston, Bloomberg one oh
Speaker 1: six one to San Francisco, Bloomberg nine sixty to the
Speaker 1: country Serious x M Chado one nineteen and around the globe,
Speaker 1: the Bloomberg Business app and Bloomberg Radio dot Com. This
Speaker 1: is Bloomberg Sound On with Joe Matthew. The headline on
Speaker 1: the terminal Biden taps democrats, abortioned fury as bit term
Speaker 1: white out loops. How about it? From Jordan's Fabian on
Speaker 1: our White House Team. He's going to be with us next,
Speaker 1: as White House official sees in Jordan's writing, the political
Speaker 1: opportunity in Democrats doomsday scenario. First though, we checked the markets,
Speaker 1: not trying to connect the dots on doomsday. Charlie Pellett,
Speaker 1: what happened today? It was an ugly day for the
Speaker 1: bulls today. In fact, we are at a thirteen month
Speaker 1: low for the s and P five hundred index. Obviously
Speaker 1: year to date, looking at a sixteen point two percent
Speaker 1: loss for the SMP five index, that is the year
Speaker 1: to day and i'm or today the SMP fell three
Speaker 1: point two percent, down another one thirty two if you're
Speaker 1: looking at big round numbers. The SMP today closed below
Speaker 1: four thousand, back at thirty so stocks lore we had
Speaker 1: a widespread sell off amid concern about the FEDS ability
Speaker 1: to tame inflationary spirals without throwing the economy into a recession.
Speaker 1: The now drops six hundred fifty three, extending last week's
Speaker 1: declines down by two percent. Naz stackdown five twenty one,
Speaker 1: a drop there of four point three percent. Ten Your
Speaker 1: up twenty three thirty seconds, Tenure Yield three point six percent,
Speaker 1: Spot Gold eighteen fifty four. The Ounce West Texas Enemdia
Speaker 1: Crew down six point one percent. One oh three oh
Speaker 1: nine Apparel just getting word from Microsoft, it will help
Speaker 1: cover the cost of employees having to travel to get
Speaker 1: abortions or gender affirming care. I'm Charlie Pelopat Joe matthew
Speaker 1: is a Bloomberg business flash. Charlie, thanks. How dare you?
Speaker 1: Was the initial response Hunts from Vice President Kamala Harris
Speaker 1: as she spoke to Emily's List the day that the
Speaker 1: big draft leaked last week. Hard to believe a week
Speaker 1: has gone by and Jordan Fabian's got a great piece
Speaker 1: on the impact, at least potentially on the mid terms.
Speaker 1: There were a lot of hot takes, a lot of
Speaker 1: instant analysis. I was part of the chorus, uh, in
Speaker 1: the twenty four hours that followed that story. And now
Speaker 1: that it's had a chance to settle, or at least
Speaker 1: is beginning to settle, it's good to talk with Jordan
Speaker 1: about this, and it's it's great to have Jordan Fabian here.
Speaker 1: A message you right, Jordan, The White House believes will
Speaker 1: resonate with suburban women, minorities, and young voters, whose support
Speaker 1: could be key to staving awful loss of Democrats House
Speaker 1: and Senate majorities. Uh, you're of course quoting an advisor
Speaker 1: on that who you spoke with for the story. Uh,
Speaker 1: but it is an important take here with months to go,
Speaker 1: Jordan's how many single issue voters are there who could
Speaker 1: actually make a difference in the outcome of this election.
Speaker 1: I think it remains to be seeing Joe. It might
Speaker 1: not be very any But the here of the case
Speaker 1: here is that the Democrats, in order to improve their
Speaker 1: slim chances of holding on the majority, need to change
Speaker 1: this election from a referendum on Joe Biden into a
Speaker 1: choice election between Republicans Democrats. And the way it was
Speaker 1: put to me by Biden advisors and others is that
Speaker 1: abortion is a part of that effort and that they
Speaker 1: can use to distinguish them from Republicans and try to
Speaker 1: paid Republicans as extreme. But it's not going to be
Speaker 1: a silver bullet. It's not something that's gonna turn the
Speaker 1: tie for them alone. It needs to be paired and
Speaker 1: they're telling with message on the economy and other major
Speaker 1: issues that voters care about. Then again, it's going to
Speaker 1: raise a lot of money, right, I mean, wouldn't that
Speaker 1: alone have an impact on the outcome of some of
Speaker 1: these races? Absolutely? Yeah. We heard from at blue the
Speaker 1: Democratic fundraising tool that they raised about twelve million dollars
Speaker 1: in the first day after that draft opinion was leaked alone.
Speaker 1: And yeah, it's important for buoying UH the candidates running
Speaker 1: in some of these competitive races, but also, Joe, it's
Speaker 1: helpful for Democrats in spending money in races that might
Speaker 1: be seen as a reach forcing Republicans to spend some
Speaker 1: of their war chests on those races in order to
Speaker 1: deplete the money that they have to spend on vulnerable
Speaker 1: races or pickup opportunities in their case. So that's what
Speaker 1: they think is going to be at least one side
Speaker 1: effect of this issue. Turnout is a big part of
Speaker 1: this whole story, right in in an election season that
Speaker 1: may not have drawn a lot of Democrats to the polls,
Speaker 1: because my goodness that you know we're we're guilty of
Speaker 1: this sometimes, Jordans, that the news media writing about how
Speaker 1: history UH and the issues are going to combine into
Speaker 1: what you refer to as a wipe out here in
Speaker 1: your call. Yeah, and absolutely, and I think we write
Speaker 1: a joey part because it's it's true that the incumbent
Speaker 1: party usually takes losses and it have interm election year
Speaker 1: and this time is no different. And in fact, you know,
Speaker 1: all the political factors right now are working against Joe
Speaker 1: Biden and the Democrats, and that's demoralize a lot of
Speaker 1: Democratic voters. They don't have a whole lot of reason
Speaker 1: to show up and support their candidates, a lot of
Speaker 1: campaign promises unfulfilled, high inflation, Republican attacks. And the view
Speaker 1: among Biden's advisors is that this gives at least a
Speaker 1: jolt of energy to some of his voters, that this
Speaker 1: gives them a changible reason to go out in November
Speaker 1: and pull the lever or or in some cases you
Speaker 1: send an envelope to vote for the candidate of their choice.
Speaker 1: On the Democratic side, halls are on the side of
Speaker 1: Democrats on this issue. How come? And in some cases
Speaker 1: they're overwhelming Jordan's how come that doesn't equal victory in November?
Speaker 1: Does it bring us back to inflation and a lot
Speaker 1: of the other stories that we're talking about the head
Speaker 1: winds for Democrats. That's definitely a big part of the story, Joe,
Speaker 1: that the economy and inflation remain the number one issues,
Speaker 1: and the people I talked to don't see that changing.
Speaker 1: Even if the Supreme Court goes ahead and repeals essentially
Speaker 1: Roe v. Wade and ends the federal right to an abortion.
Speaker 1: That being said, there's other factors too that this issue
Speaker 1: for a long time has been a bigger motivating factor
Speaker 1: for Republican voters and conservative voters than Democratic voters. We've
Speaker 1: seen this on issues across the spectrum, from immigration to
Speaker 1: gun some of these more cultural issues. And while the
Speaker 1: national majority might be on the side of Democrats, there's
Speaker 1: a more a bigger cohort of voters really motivated a
Speaker 1: big way by this issue on the conservative side. So, uh,
Speaker 1: you know, where's the universe of voters who are going
Speaker 1: to be motivated enough by abortion, for example, to show
Speaker 1: up to vote. And that's what the Republicans said too,
Speaker 1: is that this might motivate voters on their side of
Speaker 1: the aisle as well and counterbalanced Democrats advantage. You're asking,
Speaker 1: you know a lot of good questions here, but isn't
Speaker 1: it interesting that we haven't been hearing much talk about
Speaker 1: abortion and less asked by Republican lawmakers. And the rally
Speaker 1: that Donald Trump held over the weekend was Friday in Pennsylvania.
Speaker 1: You didn't even mention it once. It's a really good
Speaker 1: point shoe and it's super interesting because this has really
Speaker 1: been a fifty year project by the conservative movement to
Speaker 1: roll back abortion rights. But a lot of office holders
Speaker 1: realized that this is an unpopular stance among the majority
Speaker 1: of Americans. So, uh, while they may be you know, winking,
Speaker 1: nodding to their base saying we got this done, they
Speaker 1: don't want to necessarily broadcast it widely to the public
Speaker 1: to say, you know, hey, we we did this whole
Speaker 1: effort to you know, it's stall conservative justices on the
Speaker 1: bench and and repeal Roe v. Wade, And so you're
Speaker 1: you might not hear them touting this as much on
Speaker 1: the campaign trail as Democrats are gonna be talking about it.
Speaker 1: There's a lot to consider here. With a lot of
Speaker 1: time left to Jordan, and I wonder what you're hearing
Speaker 1: from those advisors to the president when they consider the
Speaker 1: amount of time that is left. That's a lot of ads,
Speaker 1: that could be a lot of marches on Washington. They
Speaker 1: actually have time to get creative with this. But then again,
Speaker 1: Republicans do as well. I guess I just wonder how
Speaker 1: much of a of an urgency will there be behind
Speaker 1: this story come November. It's a great question again. Joe
Speaker 1: and the way it was put to me about one
Speaker 1: advisor who I talked to in Biden's operation is that
Speaker 1: there's gonna be multiple opportunities for them to highlight this
Speaker 1: issue right after this leak's opinion, of course, also in
Speaker 1: later in the summer when whenever the opinion comes out.
Speaker 1: And also they said that another opportunity might be in
Speaker 1: the fall with college students. So you don't want some
Speaker 1: of those young voters that they think this will appeal to,
Speaker 1: you'll go back to college campuses. You see this as
Speaker 1: an organizing opportunity, and of course closer to the election
Speaker 1: of November. So while we're not hearing a whole lot
Speaker 1: from Joe Biden in the immediate aftermath of this league,
Speaker 1: it's gonna come up again and again. Jordan's Fabian find
Speaker 1: his column on the terminal Great insights on Bloomberg's sound.
Speaker 1: Will we assemble the panel next? This is Bloomber. You're
Speaker 1: listening to Bloomberg who sound on with Joe Matthew on Bloomberg. Ready,
Speaker 1: it's primary day tomorrow West Virginia and Nebraska this week,
Speaker 1: but Donald Trump was in neither state. Friday night. He
Speaker 1: was in Pennsylvania, where some consider the real fight to
Speaker 1: be underway here in part because it will help determine
Speaker 1: who wins control of the US Senate. The headline by
Speaker 1: Nark Mark Niquette on the Bloomberg Trump puts gop Cloud
Speaker 1: on the line again as Oz seeks edge on McCormick. Indeed,
Speaker 1: doctor Oz mement Oz in the Senate race against Bridgewater
Speaker 1: former Bridgewater exact David McCormick. This is one of the
Speaker 1: most closely watched and most expensive races in the country
Speaker 1: here and Donald Trump went for it, and not everybody
Speaker 1: in the crowd loved it, but he was there to
Speaker 1: make a full throated two fists on the table push
Speaker 1: for doctor Oz. Here's Trump on Friday. This show is great.
Speaker 1: He's in that he's on that screen. He's in the
Speaker 1: bedrooms of all those women, telling them good and bad,
Speaker 1: and they love him. He came into a place where
Speaker 1: we had a lot of women sitting there waiting for
Speaker 1: something unrelated. They started going crazy, Is that doctor? That's
Speaker 1: doctor ros As we reassemble the panel, Bloomberg Politics contributors
Speaker 1: Rick Davis, genie Chaanzano, Rick, I'm guessing you wouldn't have
Speaker 1: written the speech that way. Of course, it was not written,
Speaker 1: but in a in a campaign that's gonna be uh
Speaker 1: carried out against the backdrop of this Roe v. Wade conversation,
Speaker 1: How do you think that approach is gonna work? You know,
Speaker 1: I don't think uh talking to female voters the way
Speaker 1: that Donald Trump did or has since two thousand and
Speaker 1: fifteen is particularly effective. But what do I know? I
Speaker 1: grew up in a Republican party that wanted to recruit
Speaker 1: women to our party with issues, uh, not with just
Speaker 1: attractive candidates. Although I always thought Ronald Reagan was an
Speaker 1: attractive candidate. But I wouldn't go where Donald Trump did,
Speaker 1: That's for sure. Dr Roz is up to as I
Speaker 1: look at the poll of polls from Real Clear Politics,
Speaker 1: within the margin, I guess you could say here, Jeanie,
Speaker 1: is is this endorsement going to be tested by David
Speaker 1: McCormick in a way that changes the sort of appearance
Speaker 1: that Donald Trump seems to have, the hold he seems
Speaker 1: to have on the party. You know, it is a
Speaker 1: test for Trump. He did, as we've talked about, he
Speaker 1: did very well in the first big outing in Ohio, UM,
Speaker 1: particularly with his pick advance. But of course he picked
Speaker 1: over twenty candidates that one. So he is doing very well.
Speaker 1: This is a tougher pick for him. UM. And you know,
Speaker 1: I thought what was interesting is, even though you're right,
Speaker 1: it's within the margin of era, you have Kathy Barnett
Speaker 1: right up there, and there is some speculation you know,
Speaker 1: potentially McCormick and odds are splitting the vote. But of course,
Speaker 1: of course with the you know, sort of heightened focus
Speaker 1: on abortion now, um, and you know whether Kathy Barnett's um.
Speaker 1: She she put out a four minute video. She's been
Speaker 1: speaking out about this. She's talked about an exception and
Speaker 1: when the mother's life is a stake. So there has
Speaker 1: been some you know, speculation perhaps that has helped her
Speaker 1: rise in the polls to a certain extent. But it's
Speaker 1: going to be close there. That said Donald Trump, UM,
Speaker 1: so far, his record in in this cycle as it is,
Speaker 1: is pretty strong. And and you know he if Oz
Speaker 1: is gonna win, it's gonna be because of that endorsement. Well,
Speaker 1: this is certainly not going to be just another j
Speaker 1: D vance like we saw in Ohio. Rick, right, Pennsylvania
Speaker 1: is a very different state and Republicans are are split
Speaker 1: on this. When there was booing in the crowd actually
Speaker 1: every time that Donald Trump mentioned the name Dr Oz
Speaker 1: along with a lot of cheers as well. But interesting
Speaker 1: to see, uh, Mike Pompeo come out against Dr Oz
Speaker 1: over the weekend because of his dual citizenship with Turkey
Speaker 1: and suggesting that he'd be a compromised candidate, that Donald
Speaker 1: Trump picked the wrong name here. You know, I'm not
Speaker 1: sure he picked the wrong name. He gets to pick
Speaker 1: whoever he wants. And typically, as you point out, Joe,
Speaker 1: it's the difference maker, right. It really took jd vance
Speaker 1: from third place to first by by quite some percentage points,
Speaker 1: and and arguably was the reasoning one. There was nothing
Speaker 1: else happening in that race. This race before Donald Trump
Speaker 1: even made an endorsement was a dead heat. McCormick and
Speaker 1: Oz were you know, very close to one another. And
Speaker 1: and and from what I can tell, the only thing
Speaker 1: that you could argue for Dr Oz and the Trump
Speaker 1: endorsement right now is it's given him, you know, three
Speaker 1: or four percentage points margin of air um. Now, that
Speaker 1: may be enough to win, but you've got seventy of
Speaker 1: the Republican field. And in the latest pull I saw
Speaker 1: for other candidates on the ballot other than Oz. That's
Speaker 1: that's not much of a bump from Donald Trump in
Speaker 1: this race. Now, maybe the demographics and Pennsylvania are different
Speaker 1: than they are in Ohio. But but if I'm handicapping
Speaker 1: this thing and Oz does win, but he wins by
Speaker 1: a little bit, everyone will say, well, that's because Donald
Speaker 1: Trump endorsed him. If he loses, he's gonna lose by
Speaker 1: just a little bit. And I'm not sure Trump's gonna
Speaker 1: take the heat for that, they'd say, Just imagine how
Speaker 1: bad it could have been if he hadn't been endorsed
Speaker 1: by Donald Trump. Of course, David McCormick on the other
Speaker 1: side of this is, uh, he just took some serious
Speaker 1: heat from Trump from the podium here at this rally,
Speaker 1: former Bridgewater Associates executive, isn't it Donald Trump? Pick apart
Speaker 1: David McCormick. Just to get a sense of how this
Speaker 1: is coming the message coming from the other side, here's
Speaker 1: Donald Trump again. You know that he was with a
Speaker 1: company that managed money for communist China. And he is
Speaker 1: absolutely the candidate of special interests and globalists and the
Speaker 1: Washington establishment. And those are the people that are not
Speaker 1: only spending millions and millions of dollars on his campaign.
Speaker 1: They have unlimited money to just try and destroy OS,
Speaker 1: which is pretty remarkable genius since a one of those
Speaker 1: people he's talking about used to work for him, used
Speaker 1: to work for Donald Trump, and they were helping to
Speaker 1: support the McCormick campaign. Some of them still are. They are,
Speaker 1: including McCormick's wife, Dina Powell. So you know, Trump, you know,
Speaker 1: didn't mention that. Shockingly, um, you know, I think you
Speaker 1: know what what's really important here is that what Donald
Speaker 1: Trump is doing is unprecedented. Can you imagine any other
Speaker 1: former president, particularly one who lost, who didn't just exit
Speaker 1: stage left, but in fact has gone on to reshape
Speaker 1: his party in the way Trump has win or lose
Speaker 1: for the rest of these races. He has an indelible
Speaker 1: impact on this party. And this is what McConnell and
Speaker 1: other more centrist Republicans fear, because you know, we are
Speaker 1: looking at a mid term in which all Democrats want
Speaker 1: to talk about his Trump and all Republicans want to
Speaker 1: talk about his Biden. So whoever wins that race, ironically
Speaker 1: to who gets the most focused, is probably going to
Speaker 1: do better than expect it. And so you know, this
Speaker 1: is the reality, if you know, the number that has
Speaker 1: astounded me is that Trump has outraised the Republican National
Speaker 1: Committee in the last six months, one every day, except
Speaker 1: to imagine that from a former president. It's astounding what
Speaker 1: he has done here. Rick Davis, as I mentioned, one
Speaker 1: issue that did not come up in the address was abortion.
Speaker 1: Ro Vie Wade. Wasn't that something that this president would
Speaker 1: want to take credit for following his Supreme Court appointments?
Speaker 1: You know, you would think he would. Um, he has
Speaker 1: been grappling Donald Trump has with his historical support for
Speaker 1: choice per for running for president, and I'm sure it's
Speaker 1: not the issue that he particularly wants to spend time discussing. Uh.
Speaker 1: He's delivered for the pro life community, no doubt about it,
Speaker 1: and that's really his point all along. I'm not going
Speaker 1: to walk in those shoes, but I can deliver for
Speaker 1: the people who are in them. And and by stacking
Speaker 1: the court the way he as, he's given the opportunity
Speaker 1: for having this happen. But I would say there are
Speaker 1: a lot of issues he likes to talk about, mostly
Speaker 1: his hair and toilets and things like that. Um. But
Speaker 1: but he's never really liked uh talking about abortion, and
Speaker 1: I wouldn't be surprised if he spends very little time
Speaker 1: on it himself. Obviously, there are a lot of Organs
Speaker 1: in the party who are going to shout about this issue,
Speaker 1: but it probably won't be Donald Trump. We haven't heard
Speaker 1: that much shouting though, typically one question, and we've there's
Speaker 1: been a lot of reporting on the talking points and
Speaker 1: how this is being hashed out in media. It was
Speaker 1: certainly present on the Sunday morning talk shows. Uh here, Jeanie.
Speaker 1: But what does that tell you, the fact that it's
Speaker 1: not being embraced by Republicans who are running what does
Speaker 1: that tell you about the conversation that's going to be
Speaker 1: had on the campaign trail here? Democrats can't get to
Speaker 1: it fast enough. Yeah, we've heard some grumbling that the
Speaker 1: Sunday talk show hosts were unable to book a senator
Speaker 1: from the Republican side because they didn't want to talk
Speaker 1: about this. I mean, Lindsay Graham went on Fox, but
Speaker 1: you know for the other shows that they couldn't get
Speaker 1: a Republican out there. Um, And you know, I think
Speaker 1: it speaks to the fact that they are uncertain as
Speaker 1: to how this is going to play, and they are
Speaker 1: smart about that, which is why, of course Mitch McConnell
Speaker 1: statement over the weekend was so astonishing to so many
Speaker 1: of us, because he actually verbalized that, you know, there
Speaker 1: was a possibility that the Republicans, if they took the Senate,
Speaker 1: could pursue and and the House obviously could pursue legislation
Speaker 1: outline or banning abortion on a nationwide level. I mean,
Speaker 1: that's absolutely astonishing for Mitch McConnell because Republicans have been
Speaker 1: reluctant to talk about this, and you know, I just
Speaker 1: want to follow up on what and what Rick said.
Speaker 1: You know, Trump's not the only one who's had a
Speaker 1: trouble grappling with abortion in his career, so is Biden.
Speaker 1: The pro choice community has been frustrated that Biden has
Speaker 1: never really fully embraced the pro choice line, and that's
Speaker 1: partly because, of course he's famously a developed cathlicks. So
Speaker 1: this is a tough issue on both sides for these
Speaker 1: meth boy Rick. The vote is teed up for Wednesday.
Speaker 1: Chuck Schumer says every member of the Senate will be
Speaker 1: called up or down on this. He does not have
Speaker 1: the votes, as we know here what a single Republican
Speaker 1: vote with the Democrats on this. You know, I don't
Speaker 1: think it's likely. Everything I've heard, Uh, Susan Collins, I
Speaker 1: think uh indicated she wasn't gonna go there. I would
Speaker 1: be surprised if Sender Murkowski went there. There are only
Speaker 1: a few opportunities for Democrats pick up a vote on
Speaker 1: here and and and they realize it's just it's it's
Speaker 1: strictly symbolic, uh, and and not even particularly symbolics. Since
Speaker 1: Democrats won't even be altogether on their own, It's highly
Speaker 1: likely that Democrats can't count on Joe Manchin to support this.
Speaker 1: So uh, everyone's talking about getting the sixty, oh, you know,
Speaker 1: the philipbus. They're not going to get the fifty. And
Speaker 1: that is a different problem for the Democrats. You've heard
Speaker 1: it from Brick Davis and g. D. Chanzino are signature
Speaker 1: panel here on Bloomberg Sound on Great conversation. It's only Monday.
Speaker 1: We'll meet you back here tomorrow with more on all
Speaker 1: of this, Jo Matthew and Washington. Thanks to Angela Stanford
Speaker 1: being with us and Jordan's baby and as well the
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