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Speaker 1: Now from our nation's capital. This is Bloomberg Sound On.

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Speaker 1: I'm a little bit unimpressed of the discipline and the

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Speaker 1: training level of the Russian forces ass had and as

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Speaker 1: terrific as it is, we want to make sure that

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Speaker 1: we do not see an escalation. Bloomberg Sound on, Politics,

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Speaker 1: Policy and Perspective from DC's top Name. I sent the

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Speaker 1: commodity person who remained very high elevated certainly over the

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Speaker 1: next year when it's probably first after year, you Republicans

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Speaker 1: want to give Democrat Day victory on getting tough with

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Speaker 1: China on a political basist, the answer is no. Bloomberg

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Speaker 1: Sound On with Joe Matthew on Bloomberg Radio. President Biden

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Speaker 1: starts packing for Europe, as President Zelenski prepares to address Congress,

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Speaker 1: and Sarah bloom Raskin with ross her name from Consideration.

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Speaker 1: It's been a busy day in Washington. Welcome to the

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Speaker 1: fastest hour in politics as we travel in two lanes

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Speaker 1: today with the latest on the war in Ukraine and

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Speaker 1: a big set act and President Biden's plans to shape

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Speaker 1: the Federal Reserve. We will discuss ahead with Congressman Amy Bearra,

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Speaker 1: Democrat from California, as well. Scott Brown, chief economist at

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Speaker 1: Raymond James, will be here and we've got our signature

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Speaker 1: panel in place. Bloomberg Politics contributors Jeanie Schanzano and Rick

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Speaker 1: Davis are with us for the hour as we meet here.

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Speaker 1: On the IDEs of March, President Biden signs the budget

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Speaker 1: that unlocks billions almost fourteen billion dollars in aid for Ukraine,

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Speaker 1: also keeps our government funded, about half that money going

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Speaker 1: to military hardware and support, and by every expectation, President

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Speaker 1: Zelenski is about to ask for more when he addresses

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Speaker 1: Congress tomorrow morning. Today, Zelenski spoke to Canada's Parliament. Here

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Speaker 1: he is speaking through a translator. We are not asking

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Speaker 1: for much. We're asking for justice, for real support, which

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Speaker 1: will help us to prevail, to defend, to save life,

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Speaker 1: to save life all of the world. Zelenski describing horrible

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Speaker 1: nights to use his words of Shelling and Kiev and

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Speaker 1: across Ukraine. He's likely to bring the same passion and

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Speaker 1: even bigger requests tomorrow when he speaks to US lawmakers, virtually,

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Speaker 1: including some things he may not be able to get

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Speaker 1: that we've been hearing about, like a no fly zone

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Speaker 1: or the MiGs, the jets from Poland that we've been

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Speaker 1: talking about now for weeks. White House Press Secretary Jensaki

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Speaker 1: was already trying to get ahead of that. Today here

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Speaker 1: she is without knowing what he's going to say tomorrow.

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Speaker 1: We certainly are familiar with what the asks have been.

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Speaker 1: We have provided our own assessment of what does make

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Speaker 1: sense and doesn't make sense. Then, as we've heard until now,

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Speaker 1: the miggs they say, don't make sense, at least according

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Speaker 1: to the Pentagon, even as lawmakers clamor for them in

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Speaker 1: many cases. In that same briefing at the White House

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Speaker 1: today we learned that President Biden will be taking the

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Speaker 1: good word himself to Europe. We mentioned this as a possibility,

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Speaker 1: a likelihood yesterday. Now there are plans to travel next

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Speaker 1: week to NATO headquarters in Brussels. Reports continue to say

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Speaker 1: he could visit our eastern European allies, possibly Poland, while

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Speaker 1: he's there. That not being confirmed by the White House.

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Speaker 1: Let's bring in Congressman Amibarra, Democrat from California, the suburbs

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Speaker 1: of Sacramento, serves on the House Foreign Affairs Committee, and

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Speaker 1: glad to have you with us. Congressman, welcome, what do

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Speaker 1: you expect to hear from President Zelenski tomorrow? Well, Joe,

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Speaker 1: thanks for having me on. You know, I think we're

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Speaker 1: gonna hear more of what we heard about a week ago,

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Speaker 1: which is, you know, he'll make the push for no

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Speaker 1: fly zone, but I think he understands that that probably

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Speaker 1: is going to happen. I think members of Congress, Um,

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Speaker 1: House and Senate are receptive to the idea of getting

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Speaker 1: the MiGs and and additional air support to to the Ukrainians.

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Speaker 1: I think he'll make a really strong case there, and

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Speaker 1: often it's been Congress that's been ahead of the president,

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Speaker 1: So you know, I think that will be the main

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Speaker 1: thrust is, you know, continue to get him missile defense systems.

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Speaker 1: You know, he'll make the pitch for getting those Polish

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Speaker 1: MiGs into country, and you know, I think you know

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Speaker 1: I I would be open to that. So you personally

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Speaker 1: would be that you think he should basically get what

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Speaker 1: he wants the no fly zone. Maybe we'll take out

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Speaker 1: of this conversation for a lot of reasons right now,

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Speaker 1: but with your unique view on the Foreign Affairs Committee,

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Speaker 1: you think that that's a good move. You support that yourself.

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Speaker 1: You know I'd be supportive. You know, it's the California

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Speaker 1: National Guard that trains the Ukrainian Armed services, and you know,

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Speaker 1: I've talked to our Brigader general. They said, you know,

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Speaker 1: they've trained those pilots and they are very well qualified

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Speaker 1: to fly those MiGs. So given the atrocity, and you

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Speaker 1: know the fact that the Russians are now bombing civilian sides,

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Speaker 1: apartment buildings, you know, this is just the travesy. I

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Speaker 1: was in Kiev five weeks ago, six weeks ago, and

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Speaker 1: you know this was a modern European city and you know,

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Speaker 1: it's just um breathtaking what Vladimer imputinent audacity of what

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Speaker 1: he's doing right now. The images have been horrifying. Congressman,

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Speaker 1: the president to they signed the Omnibust budget and the law,

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Speaker 1: as you well know, almost fourteen billion dollars for Ukraine.

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Speaker 1: I understand, as I mentioned, about half of that money

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Speaker 1: is for military support. What will that buy them? You know,

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Speaker 1: we'll continue to you know, the shoulder rocket launchers are

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Speaker 1: are really effective. You know, we'll continue to send them

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Speaker 1: the Javelin anti tank missiles and you've seen the Ukrainians

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Speaker 1: using this very very effectively. And then just basics artillery, helmets,

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Speaker 1: body armor, you know, will continue to arm the Ukrainian military,

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Speaker 1: the reserves forces, and it looks like they're arming their

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Speaker 1: civilians right now. And you know, I think Vladimir and

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Speaker 1: Putin has to understand he can't win this war and

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Speaker 1: hopefully that opens um the potential of a ceasefire or something.

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Speaker 1: But again, you know, he might win a battle, he

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Speaker 1: might take over Kiev and others, but he's not going

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Speaker 1: to be able to hold that country. The other half

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Speaker 1: of the money just signed into laws for humanitarians support. Congressman,

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Speaker 1: I know you help thousands of refugees get out of Afghanistan.

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Speaker 1: What needs to be done now for the millions of

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Speaker 1: people who have left Ukraine. You know, we're we're pushing

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Speaker 1: the Biden administration to open up the refugee program to

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Speaker 1: allow Ukrainian who have certainly have ties to the United

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Speaker 1: States UM to be able to immigrate as refugees to

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Speaker 1: the United States. We've got a large population in Sacramento County,

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Speaker 1: about eighty thousand in my district, and they very much,

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Speaker 1: you know, want to help their their fellow Ukrainians UM

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Speaker 1: find safety. And I think, you know, we can't leave

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Speaker 1: all of this on Poland to absorb these refugees, I

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Speaker 1: think we all have to step up and accept our

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Speaker 1: fair share. I think the President should visit Poland when

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Speaker 1: he heads to Europe. I absolutely do. I'm glad the

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Speaker 1: President is going to visit with NATO leaders, you know, um.

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Speaker 1: I think his showing up in Poland would send a

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Speaker 1: message to Vladimir Prutin and would be a strong message.

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Speaker 1: We're spending some time with Congressman Amybarra, a Democrat from California,

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Speaker 1: with the idea of more sanctions. We're We've been hearing

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Speaker 1: a lot of buzz with various ideas in the air. Congressman,

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Speaker 1: what needs to be codified by legislation beyond what the

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Speaker 1: President called for last week and stripping Russia from its

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Speaker 1: most favorite nation trade status. Beyond that, would you put,

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Speaker 1: for instance, the aforementioned Miggs in legislative form to to

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Speaker 1: prod the administration to where you want them to be.

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Speaker 1: You know, it might come to that. Right now. I

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Speaker 1: think we'll will continue to push the administration and hopefully

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Speaker 1: they are getting you know, equipment, you know, whether overtly

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Speaker 1: or covertly um to the Ukrainians that they can put

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Speaker 1: to use immediately. UM. I do think you'll see Congress

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Speaker 1: codify language removing most Favored trading status on the Russians.

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Speaker 1: I think will continue to push for sanctioning the oligarchs.

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Speaker 1: And I know there's been some discussion in the Senate

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Speaker 1: of actually putting rewards out there for folks that can

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Speaker 1: identify assets that the oligarchs have. UM. I think, you know,

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Speaker 1: Center Widen's proposed something like that. I don't think we'd

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Speaker 1: be opposed to that. And then, you know, being an

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Speaker 1: Indian American member of Congress, being the senior Indian America,

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Speaker 1: I've heard the reports that the Indians are thinking about

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Speaker 1: buying Russian oil at discounted prices. My message to the

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Speaker 1: Indians are, you know what you're If that's the case,

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Speaker 1: you're picking a side, and you're picking Vladimer Prutin side,

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Speaker 1: and that would be the wrong thing to do. Um,

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Speaker 1: So you support secondary sanctions, Yeah, I would. I would

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Speaker 1: say that, you know, as the world's largest democracy, Indian

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Speaker 1: needs to to stand with the other leading democracies in

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Speaker 1: the world, and you know, not provide that funding which

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Speaker 1: Russia desperately needs, it'll go straight into this war effort.

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Speaker 1: And you know, that's not going to help us bring

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Speaker 1: them to this conflict. Congressmen, I know you're aware of

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Speaker 1: things and you're seeing images that we're never going to

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Speaker 1: be privy to, not for a long time on on

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Speaker 1: the Foreign Affairs Committee, Can you tell us, though, what

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Speaker 1: is happening with this convoy that's been kind of stuck

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Speaker 1: fifteen miles worth of key for the last two weeks.

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Speaker 1: People are wondering why it dispersed, what it's there for.

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Speaker 1: Is this just disorganization on behalf of the Russians they

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Speaker 1: ran out of gas or some more involved scheme. I

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Speaker 1: think it is this organization on behalf of the Russians.

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Speaker 1: I can't go into what we've been told in a

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Speaker 1: classified setting, but you know it also is indicative of

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Speaker 1: how hard the Ukrainians are fighting and they've been able

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Speaker 1: to take out some of some of the convoys, you know,

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Speaker 1: in strategic locations. UM. I also think it talks to

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Speaker 1: the morale of um Russian soldiers who had no idea

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Speaker 1: that this was going to happen. Certainly in open sources

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Speaker 1: have heard the reports that they only have three days

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Speaker 1: worth of rations, and you know obviously this is no

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Speaker 1: week three. Do you think they're literally lost in the woods. Congressman,

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Speaker 1: I think they are. I mean, I think this was

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Speaker 1: a convoy that you know, a getting open sources was

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Speaker 1: was really a resupply convoy, and you know, it's stuck.

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Speaker 1: And you know, I think hats off to the Ukrainians.

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Speaker 1: They know what they're doing. I know you also serve

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Speaker 1: on the Science, Space and Technology Committee, Congressman. Should we

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Speaker 1: be worried about what's going on in orbit? I'm reading

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Speaker 1: today and being reminded of our agreement with the Russians

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Speaker 1: on the International Space Station. The head of their Space Organization,

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Speaker 1: their version of NASA, I realized, was speaking in the

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Speaker 1: heat of the moment, but even suggested, you know, kind

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Speaker 1: of powering down their their side of the station or

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Speaker 1: bailing on the whole thing. Here we have an American

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Speaker 1: who's said to be brought back to Earth on a

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Speaker 1: soy used by the end of this month. Is this

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Speaker 1: something we need to worry about? You know, we we

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Speaker 1: probably have to make backup plans to get our astronauts

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Speaker 1: off the space station and not rely on the Russian

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Speaker 1: soy use um, you know, to to bring them back. Obviously,

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Speaker 1: we've got some capabilities now with SpaceX and other vehicles. UM,

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Speaker 1: I would hope that it doesn't come to that. I mean,

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Speaker 1: the space station really is a symbol of what the

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Speaker 1: world could be where everyone came together, the former adversaries,

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Speaker 1: the States in Russia to really build something towards our future.

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Speaker 1: So I hope it doesn't come to that. Oh my god,

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Speaker 1: you've got Elon Musk on speed dial exactly. Yeah. Maybe

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Speaker 1: maybe we leave it to Elon Musk and he takes

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Speaker 1: it to the next generation to be a heck of

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Speaker 1: a story. But I don't, you know, there is the

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Speaker 1: real matter of this. The United States powers the space station,

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Speaker 1: it's it's the Russian rockets that that keep it in orbit.

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Speaker 1: And we know at some point it will be decommissioned. Congressman,

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Speaker 1: do you think it happens earlier than planned? You know,

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Speaker 1: I hope it doesn't. You know, we've actually on committee

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Speaker 1: been talking about how we extend the life of the

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Speaker 1: space station, which has just been this remarkable laboratory. Um,

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Speaker 1: there has been discussion, you know, can you partner with

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Speaker 1: commercial entities? And maybe this is another example of where

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Speaker 1: Mr Musk comes to the rescue. Boy, Yeah, paging Elon

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Speaker 1: Musk once again. Although I have to admit it will

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Speaker 1: be also a pretty remarkable story to see an American

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Speaker 1: and a couple of Russians come down in that rocket

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Speaker 1: together in a relationship that only explorers could have. Seeing

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Speaker 1: beyond the politics here, Congressman Ammy Verra is a Democrat

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Speaker 1: from California's seventh congressional district and really appreciate your insights

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Speaker 1: on so many topics do they representative? Thank you. This

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Speaker 1: is Bloomberg Sound On. I'm Joe Matthew in Washington. We

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Speaker 1: assemble the panel next you know who, Rick and Jennie

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Speaker 1: are with us for the hour. We'll check traffic and

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Speaker 1: markets for you to make sure you get home with

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Speaker 1: everything that you need to know. This is Bloomberg. You're

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Speaker 1: listening to Bloomberg. You sound on with Joe Matthew on

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Speaker 1: Bloomberg Radio. And I figure if the Congressman from California

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Speaker 1: does not have Evon Musk's phone number, Rick Davis must right,

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Speaker 1: you get loop to Texas at roll. All right, we

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Speaker 1: come back down to Earth now for just enough time

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Speaker 1: to assemble the panel with Bloomberg Politics contributors Jeannie Chance,

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Speaker 1: They Know, and the aforementioned Rick Davis. Nine am tomorrow Rick.

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Speaker 1: They're gonna do this in the visit at a center

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Speaker 1: apparently on Capitol Hill, where there's a big enough auditorium

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Speaker 1: with a screen, they can do a virtual address to

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Speaker 1: a joint session of Congress. How important will be that

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Speaker 1: speech in driving lawmakers to ask for the next round

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Speaker 1: of whatever it might be, hardware, sanctions, anything to push

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Speaker 1: the administration to do more. You know. My impression and

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Speaker 1: it's reinforced by your conversation just now with Congressman Barra,

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Speaker 1: is that Congress wants to do the right thing. They

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Speaker 1: want to give this guy what he asked for. I

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Speaker 1: think if he asked for fruit and vegetables, they'd ship

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Speaker 1: it out to him tomorrow. Um uh. And so I

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Speaker 1: think that I think that that that he's going to

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Speaker 1: have a bit of a rally, right. I mean, I

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Speaker 1: think he's done this with other countries like the UK

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Speaker 1: and France, and they've they it's gone extremely well. He's

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Speaker 1: he's a telegenic UH speaker, and he knows how to

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Speaker 1: make a speech and and and inspire people. I think

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Speaker 1: what this is really important for is the American public,

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Speaker 1: because as long as the American public supports this war,

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Speaker 1: then the Congress people can do their bidding, right, they

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Speaker 1: can help help make things happen for this administration in Ukraine.

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Speaker 1: But if the war starts to wear on the American public,

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Speaker 1: that's when the trouble starts. And so I think this

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Speaker 1: is as much about the American public as it is Congress. Well,

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Speaker 1: it's an important aspect to this genie that this will

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Speaker 1: be provided to the TV networks, right, this will be

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Speaker 1: live streamed, as opposed to his more recent interactions with

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Speaker 1: Congress that have been very effective. Actually, you've gotten this

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Speaker 1: this far, but they've been private. This is going to

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Speaker 1: be a a television broadcast and international television broadcast, performed

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Speaker 1: by a professionally trained actor. Yeah, and I was thinking,

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Speaker 1: you know, and to Rick's point, I think the real

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Speaker 1: audience here is the American public. And you know, we're

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Speaker 1: sort of in a new era. In my mind, I

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Speaker 1: don't know that we've ever seen anything like this. You

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Speaker 1: have the leader of another country going over the head

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Speaker 1: of the United States president, going directly to Congress, appealing

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Speaker 1: for support, and by way of Miggs, by way of

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Speaker 1: you know, no fly zones, by way of whatever support

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Speaker 1: he can get. He's also going to be thanking the

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Speaker 1: United states what they've done already, and we shouldn't forget this. Also,

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Speaker 1: to a certain extent, helps President Biden because it helps

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Speaker 1: him if it galvanized public opinion, helps him urge the

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Speaker 1: American public to put up with these high inflation, increasing

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Speaker 1: interest rates, gas prices, and all the rest. So you know,

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Speaker 1: this to me is sort of a new era if

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Speaker 1: you will buy a trained actor and comedian who's certainly

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Speaker 1: better than anybody else, knows how to use this medium

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Speaker 1: or a series media to communicate and has done so

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Speaker 1: incredibly successfully so far. You heard him earlier, Rick, he

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Speaker 1: spoke to the Canadians today, it's the Americans tomorrow. Should

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Speaker 1: we see it the way Jeanie just described going over

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Speaker 1: the boss's head here by going to Congress. I will

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Speaker 1: say that Jensaki's tone today kind of sounded like a

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Speaker 1: parent bracing for the child to come at them with

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Speaker 1: some you know, massive request to buy him a are

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Speaker 1: or something. Well imagine sort of the back channel messaging

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Speaker 1: that like, look, if you don't talk about Meg's you know,

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Speaker 1: they're really great for us, um you know, but look,

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Speaker 1: I mean, he's a he's he's a war president. You know,

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Speaker 1: he's a leader of a country that's literally in the

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Speaker 1: middle of a shooting war. Um, he's not gonna be

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Speaker 1: influenced by anybody other than the people on the ground

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Speaker 1: who need his help. And when they say this is

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Speaker 1: what we want, he's going to echo that. And so

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Speaker 1: whether it's his Defense minister or the grunts on the ground,

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Speaker 1: he wants to deliver for those guys. And and frankly,

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Speaker 1: no president in any Western nation should think anything other

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Speaker 1: than that. Um, he's he's there for the people of

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Speaker 1: the Ukraine. And and and Joe Biden really ought to

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Speaker 1: listen to this speech. I mean, maybe maybe he's got

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Speaker 1: a constituency of one because I from what I can tell,

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Speaker 1: it's not Congress standing in his way. It's not the

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Speaker 1: American public, who you know, support these these things that

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Speaker 1: you know, megs and other things going to Ukraine. It's

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Speaker 1: just Joe Biden. And like we've seen so much in

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Speaker 1: the past, he's seems to be leading from behind a

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Speaker 1: little bit. And so maybe maybe the combination of this

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Speaker 1: speech in the NATO summit coming up uh can break

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Speaker 1: loose some of these assets White House trying to get

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Speaker 1: ahead of comments just like that Genie today, as you

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Speaker 1: heard Jensaki go through the list of things that have

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Speaker 1: been provided, how this country has done more than any other.

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Speaker 1: They're really trying to remind people what's been done, and

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Speaker 1: of course fourteen billion dollars was just approved in Congress.

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Speaker 1: Is that the point of the trip, Genie, we learned today,

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Speaker 1: More specifically, he will go to Europe next week. He

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Speaker 1: will at least go to Brussels, He'll meet with our

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Speaker 1: NATO allies at the headquarters. Is that to kind of

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Speaker 1: go remind everybody about what we're doing here. I think

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Speaker 1: it is, and I think it's also importantly to sort

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Speaker 1: of figure out where we go forward. I think one

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Speaker 1: thing that has become clear in the last couple of

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Speaker 1: weeks is there is no turning back from this at

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Speaker 1: this point. Whatever happens if Russia leaves tomorrow, NATO has changed,

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Speaker 1: the European Union has changed, the United States has changed,

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Speaker 1: Our ally relationships are changed. And that's part of what

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Speaker 1: I think they're going to be addressing at this emergency

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Speaker 1: meeting that they're holding on is what does this architecture

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Speaker 1: look like going forward? And I would just add to

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Speaker 1: what Rick was saying, there's another audience here, and that's importantly,

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Speaker 1: the Pentagon. The President hasn't necessarily been leading from behind.

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Speaker 1: He has been listening to people who know. And I

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Speaker 1: think it's important to underscore what the Pentagon has said,

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Speaker 1: because it's serious. The escalatory element of the planes is

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Speaker 1: this Putin has chemical and nuclear weapons. He has shown

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Speaker 1: he is willing to use them if triggered. Their fair

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Speaker 1: fear is real. As much as we want to help

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Speaker 1: Zelinsky in the Ukraine, we shouldn't ignore what the Pentagon

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Speaker 1: is saying as they look at the danger of doing that.

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Speaker 1: They've also said that these jets wouldn't make that much

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Speaker 1: of a difference in their military capability. We've heard that repeatedly,

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Speaker 1: which I know runs counter to what lawmakers are saying

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Speaker 1: on Capitol Hill. Just give them the jets, give them

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Speaker 1: the megs, as Mitt Romney said just a couple of

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Speaker 1: days ago. Rick and Genie will be with us for

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Speaker 1: the hour here on Sound on the fastest hour in politics.

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Speaker 1: As we turn next to the Fed with now suddenly

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Speaker 1: a blank to fill on the list of nominees, Sarah

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Speaker 1: Bloom Raskin is out. We're going to talk about it

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Speaker 1: with Scott Brown, chief economist at Raymond. James I'm Joe Matthews.

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Speaker 1: This is Bloomberg broadcasting live from our nation's capital, Bloomberg

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Speaker 1: to New York, Bloomberg eleven Frio to Boston, Bloomberg one

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Speaker 1: oh six one to San Francisco, Bloomberg nine sixty to

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Speaker 1: the country Serious XM Channel one ninety and around the

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Speaker 1: globe the Bloomberg Business app and Bloomberg Radio dot Com.

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Speaker 1: This is Bloomberg Sound On with Joe Matthew. Headline on

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Speaker 1: the terminal rasket withdraws from FED nomination after support Crumbull's

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Speaker 1: a big deal today, But if you listen to this broadcast,

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Speaker 1: you were not surprised by the headline. As we've discussed,

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Speaker 1: each day of waiting made this more likely, and that

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Speaker 1: is the way you do it in Washington, right so

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Speaker 1: as to not be a distraction to the process. We'll

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Speaker 1: talk about what happens next, what it means for the

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Speaker 1: other nominees as well, with Scott Brown, the chief economist

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Speaker 1: at Raymond James. Just one day after Senator Joe Manchin

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Speaker 1: dropped the bomb on the Sarah bloom Raskin nomination, She's out.

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Speaker 1: Came down to simple math with Republicans on the Banking

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Speaker 1: Committee refusing to even vote no on the President's pick

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Speaker 1: for Vice chair of Supervision. You heard the ranking member

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Speaker 1: pat to me yesterday on Bloomberg. He said he didn't

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Speaker 1: know a single Republican who would vote for her. There

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Speaker 1: was no other way this was going to go. Of course,

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Speaker 1: there are other four other nominees now waiting for attention

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Speaker 1: and a lot of questions about exactly what happens next.

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Speaker 1: To help us understand what happens, we're joined by Scott Brown,

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Speaker 1: chief economist at Raymond. James Scott, I appreciate you being

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Speaker 1: here to Democrats move on the other four now or

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Speaker 1: wait to replace Raskin before moving forward with votes. I

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Speaker 1: think they'll move on the other other four because they

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Speaker 1: do need to to, uh, you know, have the FED

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Speaker 1: chairman installed. I mean he's acting Fed FED chair. But um,

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Speaker 1: you know, it's kind of sad because the Raskin was

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Speaker 1: was very qualified and really there was no opposition from

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Speaker 1: the financial service industry. Um, you know, this was I mean,

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Speaker 1: her great sin was that she wrote a memo asking

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Speaker 1: why the government should subsidize energy companies and that was

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Speaker 1: a big note from the energy company. So you know,

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Speaker 1: we have the best government that money can buy. And

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Speaker 1: that's sadly the way it works. Wow. That well, that's

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Speaker 1: that's quite a review of interesting interesting strategy though, for

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Speaker 1: Republicans to boycott this thing instead of going on the

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Speaker 1: record and voting no. Is this going to be the

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Speaker 1: new way we handle things? Well, I think I think

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Speaker 1: if it did get out of committee, Um, she would

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Speaker 1: have been been approved. Yeah. Well, you know, but you

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Speaker 1: only need one or two Republican votes and I think

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Speaker 1: you know, she probably would got it if they would

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Speaker 1: have put to a boat on the floor. Yeah, that's

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Speaker 1: fascinating for someone who has been confirmed already for Treasury

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Speaker 1: for the fete itself unanimously, so nobody voted against her.

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Speaker 1: So where the administration go wrong on this? This was

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Speaker 1: supposed to be something that was doable in the wake

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Speaker 1: of of Joe Biden's painful summer with Build Back Better. Yeah,

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Speaker 1: you know, it's just it's I think it's just a

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Speaker 1: sad state of Washington and Pharise these days, where anything

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Speaker 1: that one party is for the other party has to

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Speaker 1: be against And um, I think they should really put

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Speaker 1: the differences aside and work for for u improvement of

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Speaker 1: the country. Yet you're still working on the same shortlist

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Speaker 1: that you had before these were announced. Uh probably you know,

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Speaker 1: I don't know who who the nominee would be, but um,

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Speaker 1: you know, and you were going to get some resolution

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Speaker 1: on it. And the other two governors um coming in

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Speaker 1: Will Will will certainly be welcome. Um. You know, we

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Speaker 1: only have four governors now, Um, so having you know,

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Speaker 1: more governors is going to be better. Put this in

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Speaker 1: perspective for us, uh Scott in terms of the remaining four,

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Speaker 1: we're going to obsess over Sarah Bloom Raskin. This is

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Speaker 1: brand new and and and it's a painful moment, I

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Speaker 1: guess for the administration. But the President promised diversity in backgrounds,

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Speaker 1: diversity in opinions. It was his chance to help reshape

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Speaker 1: the FED. To what extent are these obviously J Powell

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Speaker 1: Lele Brainer not so much. But do you add the

427
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Speaker 1: other two, it's certainly a more diverse body than it

428
00:23:31,960 --> 00:23:35,600
Speaker 1: was before. Oh. Absolutely, Um, you know there'll there'll be

429
00:23:35,960 --> 00:23:41,280
Speaker 1: more women, more people of color obviously. Uh and uh

430
00:23:41,600 --> 00:23:43,960
Speaker 1: you know I think that that's those are welcome changes

431
00:23:44,080 --> 00:23:48,400
Speaker 1: for for the FED leadership. Um. And I wouldn't expect

432
00:23:49,240 --> 00:23:51,159
Speaker 1: really much opposition. I haven't heard of a lot of

433
00:23:51,200 --> 00:23:54,720
Speaker 1: opposition um to the other nominees. So I think the

434
00:23:55,240 --> 00:23:57,640
Speaker 1: real least get to know from the ranking member though,

435
00:23:57,680 --> 00:23:59,879
Speaker 1: Pat whom he told us yesterday that that he's a no.

436
00:24:01,080 --> 00:24:05,360
Speaker 1: So this won't be unanimous on committed. Uh well probably not,

437
00:24:05,480 --> 00:24:07,560
Speaker 1: but um, you know, if they get to get enough

438
00:24:07,640 --> 00:24:09,879
Speaker 1: then uh they can get it out the door on

439
00:24:09,920 --> 00:24:11,879
Speaker 1: the floor and and I don't think that would be

440
00:24:11,920 --> 00:24:14,159
Speaker 1: a problem on the on the on a on a

441
00:24:14,240 --> 00:24:18,200
Speaker 1: vote overall for for the Senate. This market, this market

442
00:24:18,200 --> 00:24:21,439
Speaker 1: moving news to investors get worried about this to the

443
00:24:21,440 --> 00:24:24,439
Speaker 1: extent that lawmakers are not. Yeah, not not in the

444
00:24:24,480 --> 00:24:27,000
Speaker 1: short term. I think, Um, you know, one of the

445
00:24:27,000 --> 00:24:29,479
Speaker 1: issues if you think back to the financial crisis, one

446
00:24:29,520 --> 00:24:31,840
Speaker 1: of the big issues was what there was really nobody

447
00:24:31,840 --> 00:24:34,639
Speaker 1: watching the whole financial system, and that is now the

448
00:24:34,640 --> 00:24:37,399
Speaker 1: Fed's role. And because of all the fall out of that,

449
00:24:37,600 --> 00:24:39,560
Speaker 1: the FED now is how has now a lot more

450
00:24:39,600 --> 00:24:43,359
Speaker 1: responsibility in terms of regulation, which makes it more political

451
00:24:43,720 --> 00:24:46,919
Speaker 1: in terms of the appointments. And you've you've kind of

452
00:24:46,960 --> 00:24:51,040
Speaker 1: carved out that vice chair of Supervision seat as being

453
00:24:51,240 --> 00:24:56,080
Speaker 1: really the hot seat in terms of the regulatory issues. Um,

454
00:24:56,080 --> 00:24:58,800
Speaker 1: but it's gonna be like this, I think is as

455
00:24:58,840 --> 00:25:00,720
Speaker 1: long as we know we can see out in the future.

456
00:25:00,760 --> 00:25:04,000
Speaker 1: It's just things are broken in Washington. You're the chief

457
00:25:04,000 --> 00:25:07,280
Speaker 1: economist of Raymond James. What's your expectation for tomorrow? Everybody

458
00:25:07,320 --> 00:25:09,280
Speaker 1: seems to agree on a quarter point, but what does

459
00:25:09,520 --> 00:25:12,280
Speaker 1: j Pal say? Well, I think that that's sort of

460
00:25:12,320 --> 00:25:14,960
Speaker 1: the key. I think the policy statement is going to

461
00:25:15,080 --> 00:25:19,800
Speaker 1: indicate that there are more rate increases likely. Uh, but

462
00:25:19,840 --> 00:25:22,919
Speaker 1: they're gonna be pretty nimble, as Pal had testified that

463
00:25:23,040 --> 00:25:25,600
Speaker 1: they're gonna go, you know, one meeting in time and

464
00:25:25,880 --> 00:25:29,320
Speaker 1: look at all the data. Uh. Certainly, inflation has been

465
00:25:29,359 --> 00:25:32,720
Speaker 1: a big, big issue. The Fed expects to see inflation

466
00:25:32,800 --> 00:25:35,320
Speaker 1: moderating this year, and if it doesn't moderate on its own,

467
00:25:35,960 --> 00:25:37,600
Speaker 1: you know, the Fed's gonna act to make sure it does.

468
00:25:37,640 --> 00:25:39,320
Speaker 1: And I think the market has been a little bit

469
00:25:39,400 --> 00:25:42,080
Speaker 1: nervous that they'll end up overdoing it, as they very

470
00:25:42,119 --> 00:25:44,760
Speaker 1: often do, leading to a recession down the line. You

471
00:25:44,800 --> 00:25:46,760
Speaker 1: add a war in Ukraine and does it change your

472
00:25:46,760 --> 00:25:50,640
Speaker 1: outlook or your expectation from the Fed? Well, it adds uncertainly.

473
00:25:50,640 --> 00:25:53,080
Speaker 1: I think you know we're gonna hear Pal mentioned that

474
00:25:53,119 --> 00:25:55,720
Speaker 1: in his press conference tomorrow that you know they're not

475
00:25:55,800 --> 00:25:58,120
Speaker 1: quite sure what it means in terms, you know, maybe

476
00:25:58,119 --> 00:26:00,919
Speaker 1: a little bit higher inflation because of apply chain issues

477
00:26:01,000 --> 00:26:05,080
Speaker 1: and higher energy prices. Maybe a little bit less demand though,

478
00:26:05,480 --> 00:26:07,239
Speaker 1: you know, because people may be a little bit more

479
00:26:07,320 --> 00:26:09,399
Speaker 1: reluctant to go out and span, which we need some

480
00:26:09,440 --> 00:26:13,480
Speaker 1: moderation and spending I think going forward um to keep

481
00:26:13,480 --> 00:26:15,919
Speaker 1: the economy more on and even track and getting in placement.

482
00:26:15,960 --> 00:26:19,400
Speaker 1: Back down at the Fed, day to you tomorrow, Scott Brown,

483
00:26:19,480 --> 00:26:22,359
Speaker 1: Chief Economist Raymond James wait to have you back with

484
00:26:22,480 --> 00:26:24,720
Speaker 1: us on the fastest hour in politics. We've got a

485
00:26:24,720 --> 00:26:27,840
Speaker 1: big day tomorrow, Zelenski at nine am, and the Fed

486
00:26:27,920 --> 00:26:29,760
Speaker 1: will reserve the middle of the day. You better just

487
00:26:30,520 --> 00:26:34,080
Speaker 1: take the phone off the hook, watch and listen to Bloomberg.

488
00:26:35,400 --> 00:26:37,560
Speaker 1: Will reassemble the panel next. Rick and Janie are on

489
00:26:37,600 --> 00:26:41,560
Speaker 1: the way back in traffic and markets are next. This

490
00:26:41,600 --> 00:26:46,840
Speaker 1: is Bloomberg. You're listening to Bloomberg. You sound on with

491
00:26:46,920 --> 00:26:52,680
Speaker 1: Joe Matthew on Bloomberg Radio. What do you think it's

492
00:26:52,720 --> 00:26:58,040
Speaker 1: like to get the call after Sarah bloom raskin with raws. Hey,

493
00:26:58,080 --> 00:27:01,280
Speaker 1: I know we had that interview. Turns out didn't work

494
00:27:01,320 --> 00:27:04,600
Speaker 1: out with the first one. We're gonna sit, you know,

495
00:27:04,640 --> 00:27:09,240
Speaker 1: the Banking Committee. Thanks for being with us on Bloomberg's

496
00:27:09,280 --> 00:27:12,200
Speaker 1: sound on as we reassemble the panel with a big

497
00:27:12,240 --> 00:27:14,520
Speaker 1: hole missing here now, I guess a big hole, I

498
00:27:14,520 --> 00:27:16,879
Speaker 1: should say, and the plan that the President had for

499
00:27:16,920 --> 00:27:19,240
Speaker 1: the Federal Reserve. It's likely the other four will go through,

500
00:27:19,320 --> 00:27:25,400
Speaker 1: certainly the big two Powell and Brainerd, but now they

501
00:27:25,520 --> 00:27:28,800
Speaker 1: need to figure out where to go from here. Rick Davis,

502
00:27:28,800 --> 00:27:31,640
Speaker 1: Genie Chanzano are with us here. Rick, we talked yesterday

503
00:27:31,640 --> 00:27:34,640
Speaker 1: about the likelihood of this happening. Fast forward twenty four

504
00:27:34,640 --> 00:27:37,600
Speaker 1: hours and you've been mentioned. How long does the White

505
00:27:37,600 --> 00:27:41,520
Speaker 1: House have to make up for this? Oh? I think

506
00:27:41,560 --> 00:27:43,680
Speaker 1: they can take their time. I mean, you know, this

507
00:27:43,760 --> 00:27:45,680
Speaker 1: is they're going to shove the rest of these guys

508
00:27:45,720 --> 00:27:49,040
Speaker 1: through and um and a lot of this will be forgotten.

509
00:27:49,080 --> 00:27:51,760
Speaker 1: And they've got one seat to Phil It's an important seat.

510
00:27:51,840 --> 00:27:55,560
Speaker 1: And uh, it'll be interesting to see if they do

511
00:27:55,680 --> 00:27:58,040
Speaker 1: try to do something right away. I would say one

512
00:27:58,080 --> 00:28:00,720
Speaker 1: thing to note. This has probably as much to do

513
00:28:00,920 --> 00:28:03,919
Speaker 1: with Elizabeth Warren and the Green New Deal as it

514
00:28:03,960 --> 00:28:06,920
Speaker 1: does with Sarah bloom Raskin. I mean, I think she

515
00:28:07,280 --> 00:28:12,360
Speaker 1: was the victim of a significant overreach by the progressives

516
00:28:12,400 --> 00:28:16,520
Speaker 1: early in this administration. And as we talked, Raskin had

517
00:28:16,600 --> 00:28:20,840
Speaker 1: a you know history of being bipartisan, uh, you know,

518
00:28:20,920 --> 00:28:24,880
Speaker 1: confirmed and and I think all those things were forgotten

519
00:28:24,920 --> 00:28:29,760
Speaker 1: when when she became Elizabeth Warren's candidate for this spot. Wow, Well,

520
00:28:29,800 --> 00:28:34,240
Speaker 1: you know, Elizabeth Warren Genie h had one other candidate

521
00:28:34,280 --> 00:28:38,480
Speaker 1: in mind who she actually favored, and that was Richard Corday,

522
00:28:38,520 --> 00:28:42,000
Speaker 1: the former head of the Consumer Financial Protection Bureau, her baby.

523
00:28:42,080 --> 00:28:44,080
Speaker 1: And I wonder if that means we're about to hear

524
00:28:44,120 --> 00:28:48,719
Speaker 1: that name from the White House. We may, but again,

525
00:28:48,760 --> 00:28:50,840
Speaker 1: and I think to Rick's point, a lot of this

526
00:28:50,960 --> 00:28:53,840
Speaker 1: depends on what Joe Biden has got to do, which

527
00:28:53,880 --> 00:28:56,959
Speaker 1: he's he's got to satisfy both the Elizabeth Warren and

528
00:28:57,080 --> 00:28:59,920
Speaker 1: the Joe Mansions in the Senate, and that's a diff

529
00:29:00,000 --> 00:29:02,760
Speaker 1: a cult They have very different views obviously on the

530
00:29:02,760 --> 00:29:05,480
Speaker 1: FED and on policy in this area, and that's the

531
00:29:05,560 --> 00:29:07,960
Speaker 1: tight rope he's walking. So I think if that is

532
00:29:08,000 --> 00:29:10,680
Speaker 1: somebody who can satisfy the Joe Mantions of the world,

533
00:29:10,880 --> 00:29:13,000
Speaker 1: there's not a lot of them anymore. This sort of

534
00:29:13,040 --> 00:29:17,160
Speaker 1: you know, fiscally more fiscally conservative moderate Democrats and Warren.

535
00:29:17,520 --> 00:29:20,240
Speaker 1: Then that's a name they'll certainly consider, but it's got

536
00:29:20,240 --> 00:29:23,680
Speaker 1: to satisfy both, unless, of course, they can bring over

537
00:29:23,800 --> 00:29:27,880
Speaker 1: some Republicans, and that becomes increasingly tough the closer we

538
00:29:28,000 --> 00:29:32,800
Speaker 1: get to the midterm election. Well, like everything including UH

539
00:29:32,920 --> 00:29:36,880
Speaker 1: funding our COVID response programs, get ready to start hearing

540
00:29:36,920 --> 00:29:39,840
Speaker 1: a lot about this. If you're inside the bubble here

541
00:29:39,840 --> 00:29:41,960
Speaker 1: in Washington, you already are. This is the money, the

542
00:29:42,000 --> 00:29:45,760
Speaker 1: billions that the administration requested to pay for COVID programs,

543
00:29:45,760 --> 00:29:49,520
Speaker 1: everything from testing to treatments. It was a twenty two

544
00:29:49,560 --> 00:29:52,520
Speaker 1: billion dollar request. A couple of weeks ago. They chiseled

545
00:29:52,520 --> 00:29:55,240
Speaker 1: that thing down until it was gone because of a

546
00:29:55,240 --> 00:29:58,800
Speaker 1: lot of controversy over clawing back COVID money from states

547
00:29:58,800 --> 00:30:00,880
Speaker 1: to help offset this won't get into all of it.

548
00:30:01,120 --> 00:30:03,880
Speaker 1: The fact is the budget passed, the one the President

549
00:30:03,960 --> 00:30:08,000
Speaker 1: signed today, without billions in COVID funding. As I read

550
00:30:08,040 --> 00:30:10,520
Speaker 1: now on the terminal, just like that, White House says

551
00:30:10,600 --> 00:30:13,840
Speaker 1: COVID treatments to run out without new funds. Jen Psaki

552
00:30:13,960 --> 00:30:16,080
Speaker 1: went through this again today in the White House briefing,

553
00:30:16,120 --> 00:30:18,960
Speaker 1: talking about each month, you know, every couple of weeks,

554
00:30:19,000 --> 00:30:21,800
Speaker 1: another program is going to run out here, including you know,

555
00:30:22,000 --> 00:30:24,120
Speaker 1: some of the anti viral treatments that will be out

556
00:30:24,160 --> 00:30:28,600
Speaker 1: by fall. Uh, there's always the potential for another variant here. Rick,

557
00:30:28,640 --> 00:30:30,520
Speaker 1: and We've talked about the need for this money, but

558
00:30:31,000 --> 00:30:34,040
Speaker 1: everything that we're hearing would suggest that Republicans don't want

559
00:30:34,040 --> 00:30:36,320
Speaker 1: to hear about it, and the the administration will not

560
00:30:36,360 --> 00:30:38,440
Speaker 1: be able to get this money passed. Is that how

561
00:30:38,480 --> 00:30:41,840
Speaker 1: you see this ending? You know, it's it's kind of

562
00:30:41,840 --> 00:30:44,280
Speaker 1: hard to tell. This is like a big flop in

563
00:30:44,360 --> 00:30:48,360
Speaker 1: the Biden administration because both Democrats and Republicans kind of

564
00:30:48,360 --> 00:30:51,200
Speaker 1: pushed back on including it in the big budget. That's

565
00:30:51,240 --> 00:30:53,160
Speaker 1: where it should have been. It should have gone through

566
00:30:53,200 --> 00:30:56,480
Speaker 1: in that big trillion dollar spending bill um. But now

567
00:30:56,600 --> 00:30:59,800
Speaker 1: as a stand alone, it's just gonna be a political football.

568
00:31:00,400 --> 00:31:02,440
Speaker 1: The reality is, from what I can tell from the

569
00:31:02,520 --> 00:31:05,080
Speaker 1: reporting on it, is that some of these things are

570
00:31:05,400 --> 00:31:08,160
Speaker 1: these accounts are starting to run low and they need

571
00:31:08,200 --> 00:31:10,320
Speaker 1: to be recharged. And I don't think Republicans will be

572
00:31:10,320 --> 00:31:13,440
Speaker 1: opposed to doing that. It's just gonna have to be offset, right,

573
00:31:13,440 --> 00:31:15,480
Speaker 1: I'm like, what else are you going to not spend

574
00:31:15,480 --> 00:31:17,800
Speaker 1: money on in order to get the money for this?

575
00:31:18,200 --> 00:31:20,000
Speaker 1: What's the answer to that, genie, if you're in the

576
00:31:20,000 --> 00:31:21,840
Speaker 1: White House right now and you've got all these other

577
00:31:21,880 --> 00:31:25,640
Speaker 1: priorities that we've already mentioned here today, you know, it's

578
00:31:25,680 --> 00:31:28,280
Speaker 1: a tough sell, and I think Democrats are feeling sort

579
00:31:28,320 --> 00:31:31,800
Speaker 1: of rightly frustrated that the White House added this request

580
00:31:31,840 --> 00:31:33,840
Speaker 1: in is what they saw as the last minute, didn't

581
00:31:33,840 --> 00:31:36,040
Speaker 1: push hard enough. We see the White House today the

582
00:31:36,120 --> 00:31:38,280
Speaker 1: last few days trying to push on this. You know.

583
00:31:38,360 --> 00:31:41,239
Speaker 1: One thing to note is we're seeing rising cases of

584
00:31:41,320 --> 00:31:45,920
Speaker 1: COVID and hospitalizations across Europe now, certainly in Asia, in

585
00:31:45,960 --> 00:31:48,080
Speaker 1: the you know, in the very recent past that was

586
00:31:48,120 --> 00:31:50,200
Speaker 1: harbinger of what was to come in the US. So

587
00:31:50,360 --> 00:31:53,400
Speaker 1: God forbid we see more of that, you know. But

588
00:31:53,520 --> 00:31:56,120
Speaker 1: the the administration is going to have as sort of

589
00:31:56,120 --> 00:31:59,640
Speaker 1: an uphill battle here. I think the money is necessary,

590
00:31:59,760 --> 00:32:02,239
Speaker 1: but they're really gonna have to push on this, and

591
00:32:02,240 --> 00:32:05,560
Speaker 1: they're gonna have to convince again moderate Democrats in the

592
00:32:05,600 --> 00:32:09,040
Speaker 1: House and in the Senate that they should sign on

593
00:32:09,120 --> 00:32:10,960
Speaker 1: to this, because you know, you hear from members of

594
00:32:10,960 --> 00:32:13,760
Speaker 1: the House who say, listen, we did the American Rescue Plan.

595
00:32:13,840 --> 00:32:15,560
Speaker 1: We gave you all this money you asked for, and

596
00:32:15,600 --> 00:32:18,440
Speaker 1: we're not getting anything for it from voters who seemed

597
00:32:18,440 --> 00:32:20,720
Speaker 1: to have forgotten about it already. So that's part of

598
00:32:20,720 --> 00:32:23,680
Speaker 1: the challenge they hald. They held a call today Genie

599
00:32:23,960 --> 00:32:26,480
Speaker 1: to to create some urgency here. It came up a

600
00:32:26,480 --> 00:32:29,000
Speaker 1: bunch of times in the briefing, but they said on

601
00:32:29,120 --> 00:32:31,920
Speaker 1: that call, a planned order of hundreds of thousands of

602
00:32:31,960 --> 00:32:36,280
Speaker 1: courses of monoclonal treatments is being canceled because it doesn't

603
00:32:36,320 --> 00:32:39,600
Speaker 1: have the funding. It's not like, well, someday this is

604
00:32:39,600 --> 00:32:41,520
Speaker 1: going to run out. It's actually happening right now. And

605
00:32:41,640 --> 00:32:44,160
Speaker 1: so far they've ordered enough of the Fiser anti viral

606
00:32:44,200 --> 00:32:48,520
Speaker 1: pill for twenty million people. Uh, they're gonna need more

607
00:32:48,520 --> 00:32:51,000
Speaker 1: funding in the event that people need a forthdose, if

608
00:32:51,000 --> 00:32:54,080
Speaker 1: there's another booster, for instance. I guess the question here,

609
00:32:54,280 --> 00:32:58,840
Speaker 1: Rick is does anyone care? You know, I think they

610
00:32:59,200 --> 00:33:01,880
Speaker 1: will care if all of a sudden there's a resurgence

611
00:33:01,880 --> 00:33:04,600
Speaker 1: and people are desperate for these treatments and they're not

612
00:33:04,880 --> 00:33:07,320
Speaker 1: readily available. You know, we just went through this in

613
00:33:07,440 --> 00:33:10,760
Speaker 1: January with testing. You know, we had a resurgence and

614
00:33:10,800 --> 00:33:13,400
Speaker 1: everybody wanted to get a test and no tests were available,

615
00:33:13,480 --> 00:33:15,400
Speaker 1: and the government had to say, wow, we're gonna plow

616
00:33:15,480 --> 00:33:20,240
Speaker 1: some money into getting new tests, mind like sixty days later. Second,

617
00:33:20,600 --> 00:33:23,040
Speaker 1: the administration got crushed for that. I mean, this is

618
00:33:23,320 --> 00:33:26,640
Speaker 1: we've seen this movie before, right, And that's my point

619
00:33:26,720 --> 00:33:29,440
Speaker 1: is any resurgence is going to bring that right back home,

620
00:33:29,720 --> 00:33:31,960
Speaker 1: and no one's gonna care that Congress didn't like the

621
00:33:32,000 --> 00:33:35,440
Speaker 1: way it was being spent. Biden's administration will will take

622
00:33:35,480 --> 00:33:37,520
Speaker 1: the lumps for that. Get ready to hear a lot

623
00:33:37,560 --> 00:33:39,800
Speaker 1: of stories about this tomorrow. This is something that they're

624
00:33:39,840 --> 00:33:43,200
Speaker 1: pushing out of the White House as we speak. The

625
00:33:43,200 --> 00:33:46,720
Speaker 1: other thing they're busy on is Judge Jackson, and this

626
00:33:46,760 --> 00:33:48,520
Speaker 1: isn't getting a lot of talk because there's so many

627
00:33:48,520 --> 00:33:50,520
Speaker 1: other stuff happening, so many plates in the air. But

628
00:33:50,920 --> 00:33:53,280
Speaker 1: less than a week from now, the confirmation hearings begin

629
00:33:53,360 --> 00:33:55,720
Speaker 1: for a Supreme Court nominee, Genie. It's a big deal.

630
00:33:56,520 --> 00:34:01,760
Speaker 1: How is the White House preparing itself and Jackson herself

631
00:34:01,800 --> 00:34:05,920
Speaker 1: for what could be some bumpy days next week? You know,

632
00:34:06,000 --> 00:34:08,600
Speaker 1: it is stunning. As you said, normally this would be

633
00:34:08,719 --> 00:34:11,919
Speaker 1: the news of the month, if not the year. And yet,

634
00:34:12,080 --> 00:34:15,000
Speaker 1: of course we hear very little about this. She's been

635
00:34:15,080 --> 00:34:18,640
Speaker 1: going through the series of meetings on Capitol Hill, um,

636
00:34:18,760 --> 00:34:21,759
Speaker 1: you know, to all the various Senate offices. You know,

637
00:34:22,120 --> 00:34:25,200
Speaker 1: I do think in some ways, the less sunlight on this,

638
00:34:25,360 --> 00:34:28,200
Speaker 1: the better for the White House. She's a very strong nominee,

639
00:34:28,239 --> 00:34:31,319
Speaker 1: There's no question about that. But I do think that

640
00:34:31,440 --> 00:34:35,200
Speaker 1: these have been so heated recently that there's not as

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Speaker 1: much focus on it, so it may not be quite

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Speaker 1: as heated. And also, of course her nomination doesn't change

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Speaker 1: the makeup of the Supreme Court necessarily. But you know,

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Speaker 1: I think that the White House has to be given

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Speaker 1: credit for how they have moved through all of their

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Speaker 1: judicial nominations heretofore, and she seems to be no exception.

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Speaker 1: They have a very strong track record. She's got a

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Speaker 1: good shirt book guiding her through the process. I think

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Speaker 1: she will face tough questions, but I you know, I

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Speaker 1: think it's gonna come down to, you know, basically a

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Speaker 1: party vote, and she may get you know, one or

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Speaker 1: two supporters from the Republican side, probably not much more. Rick,

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Speaker 1: you know what it's like to prepare politicians for a debate,

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Speaker 1: is this a lot different? How would the White House

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Speaker 1: be preparing Judge Jackson right now? Oh? It's it's it's

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Speaker 1: a classic. Um, you know, don't take anything personally. Uh

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Speaker 1: you know, uh, don't don't get into any policy questions,

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Speaker 1: don't talk about what you would do in the future.

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Speaker 1: I mean, she will have such a narrow band to

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Speaker 1: respond to any of these questions. And and the reality

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Speaker 1: is the senators don't even care what her responses are.

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Speaker 1: They're gonna their questions are gonna be you know, targeted

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Speaker 1: towards voters and making a point. And so I think

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Speaker 1: it's a it's a lot of drama, and we'll take

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Speaker 1: it really seriously because it is important. But they'll be

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Speaker 1: talking past each other pretty regularly. Rick Davis, Jennie Shenzano,

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Speaker 1: our panel. Here are signature panel on sound with the

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00:36:00,320 --> 00:36:03,319
Speaker 1: best political talk on the radio and in podcasting. If

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Speaker 1: you're not subscribed, do something about it. We thank you both.

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Speaker 1: March's Women's History Month. Every day this month we're celebrating

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Speaker 1: it with Ranita Young. Here's today's installation with Ranita on

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Speaker 1: this day in Women's History. In nineteen forty six, former

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Speaker 1: First Lady Eleanor Roosevelt is appointed US Representative to the

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Speaker 1: United Nations. President Harry Truman appointed her. Roosevelt contributed greatly

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Speaker 1: to you and policymaking. Serving as Chair of the Human

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Speaker 1: Rights Commission. She was the only woman serving on the

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Speaker 1: six person delegation that would eventually produce the Universal Declaration

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Speaker 1: of Human Rights in December Night Now. Because of Roosevelt's

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00:36:40,920 --> 00:36:45,280
Speaker 1: massive contributions to international human rights and law, President Truman

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Speaker 1: would later call her the first Lady of the World.

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Speaker 1: Roosevelt served in this position until nineteen fifty two. That's

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Speaker 1: today in women's history. I'm Rinita Young, Bloomberg Radio. All right, Rnita,

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Speaker 1: we thank you. Will get another installment at this time tomorrow,

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Speaker 1: and we'll meet you back here on what's gonna be

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Speaker 1: a big day in Washington. We've got you set up tonight.

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Speaker 1: I think you'll sound smart at the cocktail parties tonight

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Speaker 1: tomorrow morning, nine o'clock, the Zelenski speech to Congress, and

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Speaker 1: then of course afternoon time special coverage here on Bloomberg

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Speaker 1: on what's gonna be a pivotal fed day. We'll cover

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Speaker 1: it all here on sound On a bit later on

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Speaker 1: Bloomberg Radio, we'll be talking with Congressman french Hill and

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Speaker 1: Congressman Jake Awkincloss about the news of the day and

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Speaker 1: making news right here. We'll see you back. This is Bloomberg,