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Speaker 2: The big news today comes from Speaker McCarthy. We didn't
Speaker 2: think he'd be waking up to this this morning. They
Speaker 2: talked about a big meeting on Wednesday he might support
Speaker 2: the idea of an impeachment inquiry, but he came right
Speaker 2: out and announced ones today there will not be a vote.
Speaker 2: They're going for it, yeap.
Speaker 3: The impeachment inquiry, according to the Speaker, is moving forward,
Speaker 3: and I have to wonder how the timing factor is
Speaker 3: in here, knowing that the Speaker notes he has eleven
Speaker 3: legislative days between now and September thirtieth to try and
Speaker 3: get the government funded or a continuing resolution passed, and
Speaker 3: he's trying to figure out what he can do to
Speaker 3: cater to certain members of the right wing of his
Speaker 3: party to get that done and maybe appease them on
Speaker 3: other issues as well. We just ran a headline on
Speaker 3: the Bloomberg Speaker McCarthy says he is a plan to
Speaker 3: avoid a shutdown.
Speaker 2: So let's start there with Senator Mark Warner. I'm glad
Speaker 2: to say he joins us from Capitol Hill live right
Speaker 2: now on the radio and on YouTube. Senator, it's great
Speaker 2: to see you, of course, democrat from Virginia who chairs
Speaker 2: the Senate Intelligence Committee. We have a lot of questions
Speaker 2: for you, as always, but I have to start here.
Speaker 2: If Speaker McCarthy says he has a plan to avoid
Speaker 2: a shutdown, is it called impeachment?
Speaker 4: Well, it sure seems like it. I mean, I guess
Speaker 4: we're not.
Speaker 5: We shouldn't be totally shocked that Speaker McCarthy has got
Speaker 5: it once again, cave to these right wing folks. I
Speaker 5: think about the back I was a CEO of a company,
Speaker 5: I was governor of a state. The idea that you know,
Speaker 5: what is it, seven or eight of these folks in
Speaker 5: the House of the far right of the Republican Party
Speaker 5: less than two percent, maybe less than one percent of
Speaker 5: two percent, I guess of the overall House is basically
Speaker 5: driving him into positions that are untenable. I put out
Speaker 5: the point that there was a headline in one of
Speaker 5: the Capitol Hill periodicals that said Republican leaders in the
Speaker 5: Senate basically said they didn't think this was a smart move.
Speaker 4: There was no there there.
Speaker 5: But how this somehow leads to keeping government funded, which
Speaker 5: would be again if we allow a shutdown, it will
Speaker 5: be a totally self inflicted harm driven by these right
Speaker 5: wing folks. We're going to do our job in the
Speaker 5: Senate in a bipartisan way pass appropriations bills. We've already
Speaker 5: passed out all out of committee. And I just do
Speaker 5: not understand some of these members on the far right
Speaker 5: who somehow act like their fiscal conservatives, yet they don't
Speaker 5: mind shutting down the government, even though the law of
Speaker 5: the land now is federal employees still.
Speaker 4: Get paid during a shutdown.
Speaker 5: So it's one of the reasons why people scratch their
Speaker 5: head about DC.
Speaker 3: Senator, we do want to talk about some of the
Speaker 3: specific sticking points, including funding for Ukraine, but just quickly
Speaker 3: to go back to the idea of an impeachment inquiry.
Speaker 3: Are you worried how optically this play is for the
Speaker 3: Democratic Party In twenty twenty four, these investigations into Hunter
Speaker 3: Biden and inquiry in the House of Representatives.
Speaker 5: Well, we have seen inquiry after inquiry launched by the
Speaker 5: Republicans since they took over this year in the House,
Speaker 5: I've seen nothing that I think has gotten much public attention.
Speaker 5: Matter of fact, most of these have been big balls
Speaker 5: of nothingness. So I think at the end of the day,
Speaker 5: particularly if this same group of Firewright Republicans lead us
Speaker 5: to a shutdown and the thing that they're going to
Speaker 5: be focused on is impeachment rather than how do we
Speaker 5: make sure that people who need passports are going to
Speaker 5: get their passports, People who want to visit our national
Speaker 5: parks and visit our national parks, people who are federal employees,
Speaker 5: air traffic controllers for example, do their job.
Speaker 4: I think they're playing with fire.
Speaker 2: I have to ask you about the way Democrats will
Speaker 2: handle this as well, then, Senator, we heard earlier from
Speaker 2: John Fetterman, your colleague from Pennsylvania. I won't stop you
Speaker 2: down to make you listen, but he was kind of
Speaker 2: joking around. He laughed. He said, oh no, not an impeachment,
Speaker 2: not this time. Is this something that Democrats should actually
Speaker 2: try to laugh off or begin preparing a war room
Speaker 2: to deal with this?
Speaker 5: Well, I think you've always got to take things seriously.
Speaker 5: I know the White House, well, I'm sure put together
Speaker 5: a warroom effort, you know, and there will be some
Speaker 5: in the media that will try to present some level
Speaker 5: of equivalency that somehow, whatever they're accusing the President or
Speaker 5: his family or to my knowledge they have no evidence,
Speaker 5: is somehow the equivalent of Donald Trump trying to stir
Speaker 5: up an insurrection on January sixth, an insurrection that's now
Speaker 5: led to I think ninety one different indictments against former
Speaker 5: President Trump. I'm sure people will try to make that
Speaker 5: false equivalency. I don't think it'll pass the smell test
Speaker 5: with most Americans.
Speaker 3: So, Senator, we know that Somehouse Republicans do want to
Speaker 3: look at this impeachment and career as they're thinking about
Speaker 3: the funding battle on Capitol Hill as well. But another
Speaker 3: issue in that funding battle is on funding for Ukraine specifically,
Speaker 3: What is your message to House Republicans on that, knowing
Speaker 3: some of them would not like for it to continue.
Speaker 5: My message is there's never been a more important time
Speaker 5: for the United States to stand with our allies. The
Speaker 5: Ukrainians are making slow but steady progress in their counteroffensive
Speaker 5: against Putin's.
Speaker 4: Illegal war into Ukraine.
Speaker 5: There are three common sense reasons that I think we
Speaker 5: ought to stay the course. One is NATO was basically
Speaker 5: a tired operation before President Biden, and this conflict reinvigorated
Speaker 5: NATO that's now expanded. The idea that America would walk
Speaker 5: away from our commitment with our other NATO partners.
Speaker 4: Right now would be awful. Two.
Speaker 5: And this is the part that I just don't get
Speaker 5: the very same people who say we shouldn't fund somehow
Speaker 5: we shouldn't fund Ukraine, but we're all in against President
Speaker 5: she and the Communist Party in China. For people that
Speaker 5: don't understand that if Putin is somehow successful in Ukraine,
Speaker 5: that gives a greater green light to President She in
Speaker 5: terms of his aspirations around Asia Taiwan in particular. If
Speaker 5: you don't see that connectivity, I don't know. I don't
Speaker 5: know how better to make.
Speaker 4: The case than to have that connection.
Speaker 5: And then finally on a world stage, and I believe
Speaker 5: you know, on both Trump and Biden, the way we
Speaker 5: exited Afghanistan didn't burnish our international reputation. But the idea,
Speaker 5: after what happened in Afghanistan, if somehow America in the
Speaker 5: midst of this war, when the Ukrainians have done so
Speaker 5: much more than what any of us frankly expected, where
Speaker 5: they have basically reduced our primary adversary from the twentieth century,
Speaker 5: the Soviet Union slash Russia, and debilitated their whole military establishment.
Speaker 5: If we would walk away from that, now, why would
Speaker 5: anybody in the world, not just in Europe but anywhere
Speaker 5: across the world ever trust the United States?
Speaker 2: Again, with that said, Senator, I want to ask you,
Speaker 2: on the eve.
Speaker 5: Of just one last I'm sorry, Joe, just one last
Speaker 5: thing though, and the remarkable thing, because I do want
Speaker 5: to make clear the vast majority of the Republicans in
Speaker 5: the Senate, and I believe the vast majority of the
Speaker 5: Republicans in the House, support continued assistance to Ukraine. So
Speaker 5: this is not simply a Democrat Republican issue. This is
Speaker 5: that again far right group that I sometimes question, you know,
Speaker 5: who are they really for long term in terms of
Speaker 5: America's role in the world.
Speaker 2: As we prepare for the NATO conference, Senator, and I
Speaker 2: appreciate your finishing your thought there, what does it tell
Speaker 2: us about the relevance of the UN based on the
Speaker 2: way we've seen it handle Russia and the Security Council,
Speaker 2: the fact that it could not stop Russia from invading Ukraine,
Speaker 2: couldn't stop North Korea's nuclear program, and it's turned some
Speaker 2: smaller countries to smaller organizations that might be seen as
Speaker 2: alternatives to the UN. Speak to the relevance of this
Speaker 2: organization as we prepare to.
Speaker 5: Meet with the UN that emerged after the destruction and
Speaker 5: devastation of World War two is clearly not.
Speaker 4: The UN of today.
Speaker 5: I still think it is the single world body that
Speaker 5: brings what I think, for about one hundred and ninety
Speaker 5: plus countries who participate in the UN, is it perfect?
Speaker 6: No.
Speaker 5: Are there times where I think we disproportionately pay a
Speaker 5: higher share of the costs, and sometimes, you know, the
Speaker 5: larger countries are singled out. But I think it's important
Speaker 5: that we maintain a forum where countries large and small
Speaker 5: can come together. Do I wish they were more effective, Absolutely,
Speaker 5: But the idea that, again that the best route would
Speaker 5: be to simply turn away from an international organization, I
Speaker 5: think is not the right route as well.
Speaker 3: So, Senator, that's what one organization with many different members
Speaker 3: can accomplish. Let's talk about something that one individual member
Speaker 3: of the Senate has accomplished and continues to do so.
Speaker 3: Senator Tommy Tubberbilt and his blockade of military promotions and
Speaker 3: now nominations, we could be looking at a very likely
Speaker 3: scenario in which there is no chairman of the Joint Chiefs.
Speaker 3: Is it time for Democrats to take it to the floor,
Speaker 3: do it one by one, at least get those highest
Speaker 3: level people in there.
Speaker 5: You know, my great friend and colleague Tim Kain today
Speaker 5: and I got this second hand, but somebody was trying
Speaker 5: to make that case. Let's go one by one. And
Speaker 5: Tim Kaine said to the Armed Services Committee, you know
Speaker 5: he remembered his friend John McCain. John McCain when he
Speaker 5: was captured by the North Vietnamese was basically because he
Speaker 5: had his father was an admiral, He had all these connections.
Speaker 5: The North Vietnamese offered John McCain a way out of
Speaker 5: the so called Hanoi Hilton. They'll let him go first
Speaker 5: in terms of returning prisoners, he said, no way.
Speaker 4: He was not going to leave until all of the
Speaker 4: prisoners that we're able to leave.
Speaker 5: At the same time, the notion that we were going
Speaker 5: to somehow select rich member of our military leadership that
Speaker 5: have earned these promotions on choosing one over or the
Speaker 5: other goes against the whole sense of the military being
Speaker 5: a team organization goes against the hundreds of years.
Speaker 4: Of tradition of how we treat these nominations.
Speaker 5: It is generally ninety nine point nine percent of the
Speaker 5: time a pro former process. You've had some of the
Speaker 5: Republicans start to speak out. You've got House Republicans, even
Speaker 5: chairman of the Foreign Relations Committee speak out against Senator
Speaker 5: of Tubberville's actions, which are frankly illegitimate. I think, you know,
Speaker 5: the Ronald Reagan has to be rolling over in his grave,
Speaker 5: Ronald Reagan, who prided himself on standing up for our military,
Speaker 5: when these kind of political antics are making our military
Speaker 5: less strong and our country less week by playing politics
Speaker 5: on this issue.
Speaker 4: I think I.
Speaker 5: Hope and pray that my Republican colleagues, a lot of
Speaker 5: move express concerns to me privately that they will put
Speaker 5: the kind of pressure on Tuberville or frankly, we have
Speaker 5: to maybe change the rules.
Speaker 4: But I don't think again, there.
Speaker 5: Will be the two thirds votes that change the rules,
Speaker 5: because again, if this is you've talked to him rationalized,
Speaker 5: if this gets rationalized and legitimized, it will be used
Speaker 5: by both teachs.
Speaker 4: We've seen that time and again.
Speaker 2: Do you talk to him very often, Senator, I ask
Speaker 2: you that because we're going to talk to him later
Speaker 2: on today on Bloomberg TV. He's going to join us
Speaker 2: at five o'clock.
Speaker 5: What would you ask, don't I don't have a heck
Speaker 5: of a lot of interaction with Senator Tumberville, But I
Speaker 5: would go back to, how is what he's doing any
Speaker 5: different than what happened that John McCain when he was
Speaker 5: in the Vietnamese prison and got offered a chance to
Speaker 5: get out ahead of the rest of the prisoners. The
Speaker 5: notion that I think Senator Tuberville has suggested, well, let's
Speaker 5: just selectively choose which members of the military leadership ought
Speaker 5: to get the benefits of the promotions they've earned. I
Speaker 5: don't ever think John again, I just I mean, I
Speaker 5: believe with all my heart, if John McCain was here,
Speaker 5: he would call out this kind of antics in a
Speaker 5: way that would be extraordinarily powerful.
Speaker 3: Senator. As there is that ongoing issue in regard to
Speaker 3: what Senator Tepperville is doing, he I would imagine, along
Speaker 3: with you and all other ninety eight of your Senate colleagues,
Speaker 3: are going to be in a closed door meeting tomorrow
Speaker 3: with a number of individuals, including several big tech CEOs
Speaker 3: like Mark Zuckerberg and Elon Musk, to talk about AI.
Speaker 4: It's closed door.
Speaker 3: It's not a public open hearing, which some of your colleagues,
Speaker 3: like Senator Elizabeth Warren would prefer.
Speaker 4: What are you.
Speaker 3: Hoping to learn? And do you agree with the way
Speaker 3: that this forum is being conducted that it is closed door.
Speaker 5: I think this is one of the first times that
Speaker 5: you're going to have both the tech advocates and civil
Speaker 5: society in the same room. You know, I've hosted a
Speaker 5: half dozen of these sessions, all by partisan. You know
Speaker 5: there will be I'm sure there will be lots of
Speaker 5: reporting out of what happens tomorrow. And I gotta say
Speaker 5: my background was in technology. I can't think of an
Speaker 5: issue in the last few years that I've spent more
Speaker 5: time on and am less certain today about what.
Speaker 4: Our actions ought to be.
Speaker 5: You know, the basic economics around AI, you know, a
Speaker 5: long long time ago, ten months ago, was whoever had
Speaker 5: the most data, the most GPUs, the most ability and
Speaker 5: cash and ability to train that data might win.
Speaker 4: Now after Facebook.
Speaker 5: Has let their LAMA model out in the open, and
Speaker 5: you've seen countries like the ue for pennies on the
Speaker 5: dollar create a large language model. This is an extraordinarily
Speaker 5: complicated issue.
Speaker 4: I do think.
Speaker 5: One of the things, and the good news is it's
Speaker 5: all bipartisans so far, is that there is a real
Speaker 5: sense that what we cannot do is simply what we
Speaker 5: did with social media, which was basically to say to
Speaker 5: the tech community, you guys, go figure this out, and
Speaker 5: we'll try to come in and put rules in.
Speaker 4: After the fat.
Speaker 5: We have batted zero on any guard rails at all
Speaker 5: around social media. I would hate to see, with the
Speaker 5: power that AI has, which would dwarf social media, not
Speaker 5: to put some guardrails where I'm looking and and I'm
Speaker 5: still working through this, but I'd love to hear the
Speaker 5: bloom Bird audience's reaction because the two areas that I
Speaker 5: am most immediately concerned on in terms of these AI
Speaker 5: tools that have already been released is one, you know,
Speaker 5: the only reason our elections work in America is because
Speaker 5: there's public trust in the elections, and there are lots
Speaker 5: of AI tools, deep fakes, other things, disinformation on steroids
Speaker 5: that could undermine the trust in our elections. The other
Speaker 5: institution that relies entirely on the public trust is what
Speaker 5: you guys report on.
Speaker 4: All the time, the public markets and the ability.
Speaker 5: We've seen some deep fake in terms of a false
Speaker 5: image of the Pentagon burning that had an effect on
Speaker 5: the market. I'm amazed we've not seen more manipulation with
Speaker 5: deep fakes, with AI tools suggesting you know, product malfunctions
Speaker 5: that may not exist. But I think this notion of
Speaker 5: preserving the integrity of our public elections in public markets,
Speaker 5: there might be a kind of a strange collaboration between
Speaker 5: capitalists and advocates of small d democrats that would at
Speaker 5: least say on those.
Speaker 2: Two you can do this, Senator, relying on the.
Speaker 4: Public spaith, we ought to at least put.
Speaker 2: Thanks for your time, Senator. As always, Mark Warner, this
Speaker 2: is Bloomberg.
Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch the
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Speaker 2: With no shortage of issues to talk about. This day,
Speaker 2: the US House returns to Washington. We heard earlier from
Speaker 2: Speaker McCarthy and an impeachment inquiry is being launched now
Speaker 2: into Joe Biden, which kind of changes the dynamic Kayley
Speaker 2: lines of the conversation we were having about government shut
Speaker 2: down and a lot of the other issues that are
Speaker 2: facing lawmakers right now, though they could be intertwined in
Speaker 2: a way because some members of the Freedom Caucus were demanding,
Speaker 2: well even Marjorie Taylor Green no longer in that group,
Speaker 2: demanding an impeachment for them to sign off on a
Speaker 2: continuing resolution to keep the government open. It looks like
Speaker 2: that's happening so.
Speaker 3: Many different pieces of the puzzle, but yes, Speaker McCarthy
Speaker 3: today is saying this should go ahead now. Eventually it's
Speaker 3: going to come down to a matter of whether or
Speaker 3: not they're sufficient evidence, right, But this is the inquiry process,
Speaker 3: and at least in part, you certainly would think it
Speaker 3: was intended to placate certain members of his party that
Speaker 3: he needs to be able to bring in line to
Speaker 3: get a continuing resolution pass or get spending bills passed
Speaker 3: and avoid the government shutting down. He says he has
Speaker 3: a plan and impeachment maybe plays a role in that.
Speaker 2: To avoid a shutdown. Yeah, yeah, it's something else we
Speaker 2: thought maybe would be floated at a meeting on Wednesday,
Speaker 2: came out with it full throwateed announcement at eleven o'clock
Speaker 2: at the podium. First day back. Welcome back to reality, everybody.
Speaker 2: Just an opportunity to start here with our next guest,
Speaker 2: Asa Hutchinson is back, Republican presidential candidate, of course, former
Speaker 2: governor of Arkansas. It's great to see, Governor. Thank you
Speaker 2: for coming back to talk to us. You're in a
Speaker 2: race to run against Joe Biden to be the next
Speaker 2: president of the United States. Does this mundy the waters?
Speaker 2: Does this help the Republican cause to launch an impeachment
Speaker 2: inquiry without a vote?
Speaker 7: Well, it all depends on where it goes and what
Speaker 7: the foundation and the facts are. But you know, in
Speaker 7: the history of impeachments has not gone well in terms
Speaker 7: of the Senate having any interest in it of convicting
Speaker 7: a president. And here our focus is the election. You know,
Speaker 7: Joe Biden is wrong in his policies, energy policy, his
Speaker 7: decisions is hurting America and our growth, his spending policy,
Speaker 7: the bid domics. I mean, these are the issues that
Speaker 7: I get asked about nobody's come up to me and
Speaker 7: talking about the Trump legal cases. Nobody's coming up to me,
Speaker 7: and you know a few of them do talk about
Speaker 7: from the Republican standpoint to the bidens and hunters and
Speaker 7: his legal difficulties. But we got to get to the
Speaker 7: facts in the long term. Let's see where those facts
Speaker 7: take us.
Speaker 3: So, when we're thinking about the pursuing of yet another
Speaker 3: impeachment against the US president, potentially a precedent being set
Speaker 3: here given former President Trump in the prior administration was
Speaker 3: also impeached on multiple occasions, then the prospect of the
Speaker 3: government shutting down broadly for the Republican Party, what does
Speaker 3: this signal about about its health and its ability going
Speaker 3: into twenty twenty four to message the right things to
Speaker 3: the American people.
Speaker 7: Well, it's a challenging and unpredictable political environment. Do you
Speaker 7: overlay what you just said with four indictments against former
Speaker 7: President Trump? And Kevin McCarthy's in a difficult position, as
Speaker 7: everyone knows, and so you give him a little latitude.
Speaker 7: He's trying to avoid a shut down, he's trying to
Speaker 7: get the appropriation bills, the budget bills through. Now you know,
Speaker 7: impeachment is not something that constitutionally should be bargained with,
Speaker 7: and I believe you ought to get the facts. I
Speaker 7: don't like labeling it as an impeachment inquiry. I ought
Speaker 7: to be a factional inquiry. The public needs to have
Speaker 7: confidence that the former Vice President Biden and President Biden
Speaker 7: was not receiving benefit from foreign governments. That's something that
Speaker 7: ought to be cleared up. And President Biden has been
Speaker 7: somewhat mum on that topic, so he's not clearing it up,
Speaker 7: and so the facts ought to be out there, but
Speaker 7: it ought to be a preliminary inquiry. Impeachment is not
Speaker 7: something that ought to be used in the normal course
Speaker 7: of affairs in Congress to.
Speaker 2: Support the probe or the inquiry. As a matter of principle,
Speaker 2: I do, I do. We don't want to spend the
Speaker 2: whole interview with you on this. By the way, we
Speaker 2: left the talk policy at Bloomberg. Let's dare to dream
Speaker 2: of policy for a moment, Governor, because I think someone
Speaker 2: like yourself just indicated you'd like to make this race
Speaker 2: about the economy. And we talk about this all day
Speaker 2: long around here as we prepare for what could be
Speaker 2: another federal reserve interest rate hike the next meeting this week.
Speaker 2: The market doesn't seem to know what to do about that.
Speaker 2: I wonder your thoughts on the FED and whether you
Speaker 2: would keep J. Powell on the job as chairman.
Speaker 7: Well, of course he has a term, but I would
Speaker 7: like to see a new leader into the FED, and
Speaker 7: if I can do that as president, and I can,
Speaker 7: I would want to do that.
Speaker 2: You'd fire him.
Speaker 7: I would fire him. And the reason is that he
Speaker 7: has raised interstrates at the wrong time. I think it's
Speaker 7: been more aggressive than what needed to be. He probably
Speaker 7: started too late on it, and it's really hurting our families.
Speaker 7: And I think you also could at Forestall and been
Speaker 7: clear that we're going to stop doing these rate increases.
Speaker 7: I think that would be the right signal for American
Speaker 7: businesses and our families that are worrying about their credit
Speaker 7: card debt, new families trying to get into a new home.
Speaker 7: And I talked yesterday in Savannah, Georgia to a young
Speaker 7: mom who I said, what's the big issue to you?
Speaker 7: And she says, I just want to raise my kids
Speaker 7: in a safe environment and where we can afford to
Speaker 7: buy milk at the store and that's what's on the
Speaker 7: American's mind. And so it starts with controlling spending. You
Speaker 7: have to worry about the supply chain, the UAW strike
Speaker 7: that's threatened, that's coming up. It's not going to be
Speaker 7: helping the economic situation. And so as president, I would
Speaker 7: call in the FED. I would believe that the President
Speaker 7: can communicate and express his opinion as to what should
Speaker 7: be done, just like we're doing a whole host of
Speaker 7: other issues.
Speaker 3: So, in terms of what the FED should be doing,
Speaker 3: do you think the dual mandate should still be a
Speaker 3: dual mandate that they have to equally weigh full employment
Speaker 3: in the US economy and in fleetion or should one
Speaker 3: take greater focus.
Speaker 7: Well, I think that inflation should be, you know, the
Speaker 7: controlling factor for them.
Speaker 2: The unemployment.
Speaker 7: That's what the President of the United States worries about,
Speaker 7: that's what Congress worries about. As governor, I looked at
Speaker 7: that unemployment rate every week, every month that it was released,
Speaker 7: and we acted on it and we created jobs one
Speaker 7: hundred thousand jobs while I was governor. And so no,
Speaker 7: I don't believe that that should be in the decision
Speaker 7: making process of the Federal Reserve Control inflation. Watch the
Speaker 7: monetary supply that's out there, and that should be the focus.
Speaker 2: You mentioned the UAW. We could be looking at a
Speaker 2: massive auto strike in just two days. I wonder how
Speaker 2: you would handle this if you were the president, if
Speaker 2: you would get involved. This White House so far has not.
Speaker 2: The union has not indicated that it would like any
Speaker 2: help with mediation. But this is an emboldened time for
Speaker 2: organized labor after the deal we saw with ups now
Speaker 2: request for a forty six percent wage increase of thirty
Speaker 2: two hour work week. Should the President of the United
Speaker 2: States have a say in this?
Speaker 7: The president has to always worry about the economy, about
Speaker 7: the broader national security and production capability, but it also
Speaker 7: should be reserved until absolutely necessary. These are negotiations between
Speaker 7: a union and the employer, and they need to try
Speaker 7: to resolve it. The federal labor relations law makes it
Speaker 7: clear that if they can't resolve that, you've got choices
Speaker 7: in employees. Unions can strike and employers can replace. And
Speaker 7: that's the tension. That's a balance that we've had. But
Speaker 7: if it gets to some particular point in time where
Speaker 7: the President can be useful in resolving that conflict, he
Speaker 7: ought to insert himself, but the time is not right
Speaker 7: for that, and that should be reserved.
Speaker 3: We are looking at a deadline in two days for
Speaker 3: that contract expiring. You those are are looking at a
Speaker 3: different kind of deadline. A few weeks out the second
Speaker 3: primary debate September twenty seventh. You need three percent in
Speaker 3: the polls to get there. I believe to this point
Speaker 3: you have not yet qualified. If you don't do so,
Speaker 3: would you follow the lead of say Francis Sores.
Speaker 5: And leave the race.
Speaker 7: Well, I'm not going to set timelines and specific criteria
Speaker 7: for it, but whenever you look at the polls, there's
Speaker 7: two criteria for being on the debate. One is three
Speaker 7: percent of the polls. We have made one poll nationally
Speaker 7: at three percent, and so we need one more or
Speaker 7: some early state polls, and so we're optimistic that we're
Speaker 7: going to get there. And then secondly, our donor base
Speaker 7: and we're going to make that And so I plan
Speaker 7: on being at that debate. Nothing would mean more to
Speaker 7: me than to be at the Reagan Library as somebody
Speaker 7: that was a point of our Reagan as young as
Speaker 7: US attorney in the nation years ago, and so I
Speaker 7: expect to be there. We got a little work to
Speaker 7: do to get there, and so if anybody calls you
Speaker 7: in a poll, please answer, Asa hut Jackson.
Speaker 2: There you have it, Governor. It's nice of you to
Speaker 2: stop by and see us again in Washington, DC. Whether
Speaker 2: you make that stage or not, Let's stay in touch.
Speaker 2: Asa Hutchinson, the former governor of Arkansas, of course Republican
Speaker 2: presidential candidate. With this here conversation you will only hear
Speaker 2: on Bloomberg Radio.
Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us
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Speaker 2: Mick mulvaney said on this program, the co founder of
Speaker 2: the Freedom Caucus, who of course went on to be
Speaker 2: Donald Trump's chief of staff, said on this program that
Speaker 2: Speaker McCarthy may be in more danger of losing his
Speaker 2: job now than he has been yet.
Speaker 8: I think Kevin's probably at his highest level of risk
Speaker 8: here right now. But that's the right place to have it,
Speaker 8: because again, a shutdown is not that big a deal,
Speaker 8: and I think Kevin might have to go through at
Speaker 8: least a little bit of a show down, if for
Speaker 8: no other reason to establish some bona fides with the
Speaker 8: conservative wing of the party.
Speaker 2: And that, of course, is when everybody was talking about
Speaker 2: a shutdown. That was Monday. Fast forward twenty four hours,
Speaker 2: Speaker McCarthy for the first time in seven weeks at
Speaker 2: the podium in front of reporters.
Speaker 7: Now, I would encourage the President and his team to
Speaker 7: fully cooperate with his investigation and the interests of transparency.
Speaker 2: We are committed to getting the answers.
Speaker 8: For the American public, nothing more, nothing less.
Speaker 5: We will go wherever the evidence takes us.
Speaker 2: And we'll find out where the evidence takes us here
Speaker 2: because so far it sounds like the allegations have everything
Speaker 2: to do with Hunter Biden, the so called Biden family.
Speaker 2: But we are still waiting for a sense of how
Speaker 2: they connect the dots to Joe Biden, beyond his being
Speaker 2: on the phone. Remember, Republican members of the Oversight Committee
Speaker 2: said they he's on the speaker phone with some of
Speaker 2: Hunter Biden's people here, but there was no business transaction,
Speaker 2: not even a business conversation. So we want to follow
Speaker 2: the beat and we assemble our panel. Rick Davis, I'm
Speaker 2: glad to say, is here, a Bloomberg Politics contributor and
Speaker 2: Republican strategist, joined today by Alvin Jordan, a Democratic analyst
Speaker 2: vice president at Rock Solutions. Great to have you both here, gentlemen. Rick,
Speaker 2: your thoughts on this? Knowing that Speaker McCarthy criticized Nancy
Speaker 2: Pelosi for launching an impeachment inquiry into Donald Trump without
Speaker 2: a vote, what's the purpose of this today, what's the motivation?
Speaker 9: Yeah?
Speaker 10: Look, I mean he's walking a tight rope of a
Speaker 10: number of really tough jams that he's got in the House.
Speaker 10: I mean, this impeachment inquiry announcement today is a way
Speaker 10: of letting some of the air out of the conservative
Speaker 10: side of his party who's angry with him that he
Speaker 10: hasn't acted more harshly on the spending cuts that they want,
Speaker 10: even though it violates the deal he cut with Biden
Speaker 10: earlier in the year on spending. And on top of that,
Speaker 10: you know, he's got the government shutdown because they haven't
Speaker 10: done the work that he claimed he was going to
Speaker 10: do his Speaker when he first got elected that you know,
Speaker 10: through regular order he would pass you know, all twelve
Speaker 10: appropriations bills and I think last count they had one done.
Speaker 10: So he's stuck in the middle of this, and then
Speaker 10: you pile on top of that Ukraine funding and the
Speaker 10: special supplemental for emergency disaster spending, and he doesn't he
Speaker 10: can't count votes. He doesn't have enough people to really
Speaker 10: pass this agenda that is pressing and do by the
Speaker 10: end of the month. So this was his way of,
Speaker 10: I think, letting some air out of the tire. It
Speaker 10: violated his own rule, which is, as you pointed out, Joe,
Speaker 10: I'm going to take a vote on any impeachment proceedings.
Speaker 10: And you know, he basically fell back on the Pelosi model,
Speaker 10: which had been highly criticized by him and other leadership,
Speaker 10: including the Freedom Caucus people. So yeah, I agree with
Speaker 10: Mick mulvaney and your point with him yesterday is that
Speaker 10: he's walking a tightrope and when you have people like
Speaker 10: mac actually just put out a statement right after the
Speaker 10: announcement by the Speaker that it wasn't enough and he's
Speaker 10: got to do more on spending. I mean, his worst
Speaker 10: nightmare is his own party.
Speaker 2: Matt Gates. Of course, the thorn in Kevin McCarthy's side,
Speaker 2: the congressman from Florida, calls the move to open an
Speaker 2: impeachment probe into President Biden. A baby Step says, the
Speaker 2: Speaker is not delivered on promises regarding spending and subpoenas
Speaker 2: and is not putting the party in a position to succeed.
Speaker 2: So this is not making everybody happy. Alvin. The response
Speaker 2: from Democrats, I'm gonna let John Fetterman do this. Of course,
Speaker 2: the senator, Democratic senator from Pennsylvania, who they hit him
Speaker 2: up in the hallway in the Capitol just moments after
Speaker 2: this was announced by the speaker. Just give this a
Speaker 2: listen about this news.
Speaker 3: That Speaker McCarthy has formally launched an impeachment and has
Speaker 3: said he's going to.
Speaker 10: Go really oh my gosh, you know, Oh, it's devastating.
Speaker 2: Don't do it please? Oh no, but he's pretending to coward. No, no, no,
Speaker 2: not an impeachment. Is there some truth to that? How
Speaker 2: do Democrats handle this? Do you just laugh it off?
Speaker 11: I think that's exactly what you do in this case
Speaker 11: if you're you're the Democrats. Uh, there's no surprise here,
Speaker 11: uh to anyone. I think maybe the timing of it
Speaker 11: is a bit uh, you know, unique in that way,
Speaker 11: but I think it's very clear that we're looking at
Speaker 11: a bit of a political calculus, if you will. I
Speaker 11: think this is totally about political strategy and and left
Speaker 11: about the actual conviction. It's it's very clear if you
Speaker 11: played you know, the Matt gas clip, it's very clear
Speaker 11: that you know this is truly setting the stage for
Speaker 11: a bargaining chip. You know, we've we've mentioned at length
Speaker 11: that you know, funding and the government uh funding deadline
Speaker 11: is coming up at the end of the month. And
Speaker 11: so more than anything, I think that this is definitely
Speaker 11: a bargainingship for any type of additional government a funding
Speaker 11: you know, kind of political back and forth that will happen,
Speaker 11: and less of a serious you know, kind of pushed
Speaker 11: to unearth any new information.
Speaker 2: So okay, that said, Rick, did this make a government
Speaker 2: shutdown less likely? This is a weird world we're living in,
Speaker 2: But this idea has been suggested more than once. You
Speaker 2: make some members of the Freedom Colock is happy with
Speaker 2: impeachment that lets you get a continuing resolution.
Speaker 9: Well, it certainly is in his interests a speaker, McCarthy's
Speaker 9: interest not to have a government shut down. Right, He's
Speaker 9: got work to do. He wants to cut a deal
Speaker 9: to get a continuing resolution. He's already said that very clearly.
Speaker 10: The only question I think coming out of the Speaker's
Speaker 10: office is how long would that continuing resolution last in
Speaker 10: order for them to get the rest of the appropriations
Speaker 10: bills done and get into a conference with the Senate.
Speaker 10: Senate's not giving him any lifeline, right They're sitting back
Speaker 10: going on our work. You need to get yours done.
Speaker 10: A lot of conservative Republicans are unhappy in the Senate
Speaker 10: with the lack of progress that they've made, even after
Speaker 10: all the promises they gave to their constituents that this
Speaker 10: would be a different kind of Republican organization in the House.
Speaker 10: So yeah, he doesn't want to see a government shut down.
Speaker 10: It just makes it another vote that he has to
Speaker 10: contest in amongst all the rest of these that are
Speaker 10: causing him heartburn right now.
Speaker 2: Meanwhile, in the Senate, the gentleman from Alabama changes his
Speaker 2: tune slightly on the blockade against military promotions. This is
Speaker 2: Coach Tommy Tubberville, who of course is protesting the abortion
Speaker 2: travel policy at the Pentagon. He's now blocking more than
Speaker 2: three hundred military promotions. We're talking about this on an
Speaker 2: almost daily basis, and took to the floor of the
Speaker 2: Senate last night late yesterday to respond to his critics.
Speaker 2: A new wrinkle on why this blockade should last.
Speaker 12: Sin f Reid said it was disrespectful not to prove
Speaker 12: them by unanimous consent. I do not agree with that
Speaker 12: many of these nominees are worthy of confirmation. I will
Speaker 12: agree and I will vote for, but some are not.
Speaker 2: Some are not, he says. Alban He has had time
Speaker 2: to look into some of these nominees and says they
Speaker 2: should not be confirmed because they support DEI policies. Where's
Speaker 2: this going.
Speaker 11: I think it's going exactly the way of you know,
Speaker 11: the country's kind of tone in response to this, which is,
Speaker 11: what are we really saying? You know, what are we
Speaker 11: really talking about? Because it isn't bearing fruit. I think
Speaker 11: we've seen this with Governor DeSantis, as he's kind of
Speaker 11: stepped away and at least softened publicly kind of his
Speaker 11: approach and attacked to these types of things, and so
Speaker 11: I think that, you know, Tubberville is one where he
Speaker 11: is definitely, you know, no stranger to the antics, and
Speaker 11: so I think this is just kind of muddy in
Speaker 11: the waters. I think earlier someone uses the term performative,
Speaker 11: and that is essentially where I come back to when
Speaker 11: I think, you know, quite frankly, anything Tubberville related. But
Speaker 11: in this instance, I think it's more so trying to
Speaker 11: you know, shine a light and kind of give a
Speaker 11: you know, a performative kind of edge to himself, as
Speaker 11: opposed to driving anything of substance.
Speaker 2: To be honest, Rick is the senator here showing us anything,
Speaker 2: giving us a sign by picking through individual nominees. Now
Speaker 2: does this look like something that goes on forever? Or
Speaker 2: he might be looking for an exit ramp at this point,
Speaker 2: I don't know.
Speaker 10: I mean, you could make an argument I guess, you
Speaker 10: know along that line Joe that he finds a couple
Speaker 10: of guys that he votes against because of their diversity
Speaker 10: inclusion points of view, which is also policy at the
Speaker 10: Pentagon in addition to the abortion policy that he is opposed,
Speaker 10: but it doesn't change the policy, and giving a couple
Speaker 10: of scout helps to coach Tubberville doesn't make sense if
Speaker 10: you're the Democratic leadership.
Speaker 2: I think they feel like they've got him right.
Speaker 10: Where they want him and let him stew. It doesn't
Speaker 10: do much for our national security, But the politics are
Speaker 10: pretty clear that the only people that Coach Tubberville's been
Speaker 10: really getting on his side, or the adamant anti abortion
Speaker 10: groups that support his abortion stance.
Speaker 9: But going woke seems to me weakens his position, doesn't
Speaker 9: strengthen it.
Speaker 2: Fascinating stuff here.
Speaker 1: This is Bloomberg. You're listening to the Bloomberg Sound on podcast.
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Speaker 1: Bloomberg eleven thirty.
Speaker 2: It's a big deal with Apples. Everyone's talking about it. Well,
Speaker 2: watching the stock We've got new iPhones. You're obsessing over
Speaker 2: the colors, knowing that I went back to the original
Speaker 2: launch of the iPhone to get a sense of sort
Speaker 2: of the drama that was in the air. Because we
Speaker 2: make a big deal about this now, Steve Jobs, ninth
Speaker 2: of January two thousand and seven.
Speaker 6: Every once in a while, a revolutionary product comes along
Speaker 6: that changes everything, and Apple has been well. First of all,
Speaker 6: one's very fortunate if you get to work on just
Speaker 6: one of these in your career just one. Apple's been
Speaker 6: very fortunate, it's been able to introduce a few of
Speaker 6: these into the world.
Speaker 2: And today number fifteen, there was I read the story
Speaker 2: here about this Dynamic Island Dynamic Island Alerts interface. I'm
Speaker 2: realizing as I talk to you, I have that on
Speaker 2: my phone and I don't even know what it is.
Speaker 3: What is It's at the top, yeah, by where your
Speaker 3: selfie camera is. And it used to just not do anything,
Speaker 3: and they said, hey, we should make that do something,
Speaker 3: and so you can look at music you're playing, or
Speaker 3: your uber driver approaching how many minutes away? It just
Speaker 3: kind of does things.
Speaker 2: Are you putting me on? I'm looking at my phone
Speaker 2: and I don't see any of that. We'll work on that, okay,
Speaker 2: thank you.
Speaker 11: Break.
Speaker 3: My thing is these phones are getting more and more expensive, Joe.
Speaker 3: That highest end model, the fifteen Pro Max, is now
Speaker 3: going to begin at eleven hundred and ninety nine dollars.
Speaker 3: That's up one hundred dollars from last year's version. So
Speaker 3: if you want an upgrade, you're going to have to
Speaker 3: pay up for it. And frankly, I don't know if
Speaker 3: all upgrade because I want my purple phone and it
Speaker 3: doesn't look like I.
Speaker 2: Was going to say that. Do they have your color?
Speaker 2: Why are they changing the colors? I still thought they
Speaker 2: made rose gold. They don't do that anymore. I've only
Speaker 2: ever had a black iPhone. I think I'm really I
Speaker 2: need to catch up a lot. It's the iPhone fifteen,
Speaker 2: and it does things that I don't know how to do.
Speaker 2: We'll improve our lives somehow, I guess it will.
Speaker 1: I don't.
Speaker 3: There's a camera upgrade.
Speaker 2: There's an app for that. Oh, there's a camera upgrade.
Speaker 4: Okay.
Speaker 2: Thanks for listening to the Sound on podcast. Make sure
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