WEBVTT - President Trump's Executive Order on National Monuments (Audio)

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<v Speaker 1>Bloomberg Law for this Friday, April. I'm Greg Storre in Washington.

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<v Speaker 1>Donald Trump has ordered a review of two dozen national

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<v Speaker 1>monuments that were shielded from development by previous presidents. But

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<v Speaker 1>even if Trump doesn't like those protections, it's not clear

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<v Speaker 1>what he can do about it. And I'm June Grosso

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<v Speaker 1>in New York. Parents are suing while police and Georgia

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<v Speaker 1>are defending their actions in putting a high school in

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<v Speaker 1>Sylvester on lockdown for hours and padding down each of

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<v Speaker 1>the students, some aggressively looking for drugs. That's straight ahead

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<v Speaker 1>the first a check on the markets done, Bloomberg's Charlie Pellet,

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<v Speaker 1>All right, thank you very much, June Grosso. We have

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<v Speaker 1>got the down SMP lower, nez dank Is advancing stocks

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<v Speaker 1>are trading near records. In fact, the nez dak Compositive

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<v Speaker 1>Index climbing to a record. Treasuries are dropping, oil closing

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<v Speaker 1>in on fifty dollars of barrel, even after the world's

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<v Speaker 1>biggest economy reported the slowest pace of expansion in three years.

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<v Speaker 1>West Texas Intermediate crewed up one cent of barrel to

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<v Speaker 1>eighteen up by were tents of one percent gold higher.

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<v Speaker 1>Now it is Gold is trading higher by two dollars

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<v Speaker 1>thirty cents to twelve sixty eight, a gain there of

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<v Speaker 1>two tents of one percent. The tenure yield two point

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<v Speaker 1>three percent. The nes Stack one stock index adding to

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<v Speaker 1>its records as Alphabet and Amazon rise after reporting strong earnings.

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<v Speaker 1>Alphabet shares up by four percent and Amazon shares up

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<v Speaker 1>one point seven percent. Former Federal Reserve Schellen Alan Greenspan

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<v Speaker 1>sat down with Bloomberg Television and Radio this morning to

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<v Speaker 1>talk about a number of topics, including President Trump's influence

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<v Speaker 1>on the stock market. Has done something or we'll be

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<v Speaker 1>doing something which has made a major effect and the

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<v Speaker 1>reason why stock prices have risen, and that's indicated that

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<v Speaker 1>he wants to cut back the supervision and regulation, which

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<v Speaker 1>is this is a major inhibitor, inhibitor uh to the

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<v Speaker 1>whole from many. CBC Capital Partners has agreed to buy

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<v Speaker 1>of Swiss watchmaker Brightling. It is one oh two on

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<v Speaker 1>Wall Street. Dan time now for the market driver's report

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<v Speaker 1>with a focus on American Depository receipts, and here is

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<v Speaker 1>Dave Wilson. Thanks Charlie. A d R s are lower

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<v Speaker 1>along with the US shares. The SNP a d R

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<v Speaker 1>index down a tenth of a percent, while the SMP

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<v Speaker 1>five hundred lower by about two tenths of a percent.

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<v Speaker 1>The UK's Barkley's has fallen five point six percent. In

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<v Speaker 1>US trading, first quarter results showed the banks bond trading

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<v Speaker 1>revenue foul, which analysts didn't expect. The decline contrasted with

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<v Speaker 1>average growth of twenty four percent at Barkley's biggest US rivals,

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<v Speaker 1>and China's buy Do has dropped four and a half percent.

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<v Speaker 1>The search engine owner indicated second quarter revenue is likely

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<v Speaker 1>to trail the average analyst testament in Bloomberg survey. At

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<v Speaker 1>the same time, by Do plans to spend more on

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<v Speaker 1>its streaming, video and news aggregation services UH. Switzerland's stem

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<v Speaker 1>Micro Electronics has risen three point two percent. The chip

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<v Speaker 1>maker's first quarter earnings and second quarter forecast succeeded projections,

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<v Speaker 1>and st Micro said chief executive Carlo Bozati will stay

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<v Speaker 1>on for another year. And Tokyo Electron has gained six

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<v Speaker 1>point eight percent. The Japanese chip equipment maker forecast fiscal

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<v Speaker 1>year earnings that surpassed estimates and raised its dividend for

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<v Speaker 1>the year that ended in March, Charlie, and we thank

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<v Speaker 1>you very much, Dave Wilson bringing us up to date

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<v Speaker 1>on American depository receipts. Recapping equities are mixed SMP five

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<v Speaker 1>hundred index down for a drop of two tenths of

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<v Speaker 1>one percent, stack hired by a point a little change

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<v Speaker 1>there down, industrials down thirty six, a drop of two

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<v Speaker 1>tenths of one percent. I'm Charlie, that's a Bloomberg business flash.

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<v Speaker 1>Thanks Charlie, you're listening to Bloomberg Law. I'm Greg Storring

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<v Speaker 1>Washington with Jim Grasso in New York. Three weeks before

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<v Speaker 1>leaving office, Barack Obama designated two new national monuments. One

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<v Speaker 1>of them was Bear's Ears in Utah, where Obama set

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<v Speaker 1>aside one point three five million acres that included a

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<v Speaker 1>hundred thousand archaeological sites and areas considered sacred to Native

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<v Speaker 1>American tribes. This week, Donald Trump ordered a review of

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<v Speaker 1>that national monument and more than two dozen others created

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<v Speaker 1>over the past twenty one years. It's a process that

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<v Speaker 1>could end up with Trump trying to rescind Obama's designation

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<v Speaker 1>or at least scale back the monument. But there are

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<v Speaker 1>serious legal questions about what authority Trump has. No president

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<v Speaker 1>has ever tried to rescind the designation of a national monument.

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<v Speaker 1>With us to talk about that is Charles Warren. He's

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<v Speaker 1>a partner at Cramer Levin, lef Talis and Frankel and

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<v Speaker 1>John Lushy. He's a professor at the University of California

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<v Speaker 1>Hastings College of Law, informally the top lawyer in the

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<v Speaker 1>Interior Department, John Lushy. Uh, let me start with you, Um,

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<v Speaker 1>where does the authority come from in the first place

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<v Speaker 1>for a president to designate an area of land or

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<v Speaker 1>an area of the sea as a national monument comes

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<v Speaker 1>from the Antiquities Act of nineteen o six statute Congress

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<v Speaker 1>passed back then that has actually been one of the

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<v Speaker 1>most used and most successful conservation statutes in American history.

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<v Speaker 1>It applies only to federal land, does not apply to

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<v Speaker 1>state or private land. But it authorizes the president to

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<v Speaker 1>set aside uh and protect objects of historic or scientific

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<v Speaker 1>interest on those lands. Every president are practically every president

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<v Speaker 1>since nineteen o six has used this authority. Presidents of

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<v Speaker 1>both parties and set aside well over a hundred million

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<v Speaker 1>acres of land on shore and several hundred millions of

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<v Speaker 1>acres of land off shore. Chuck, The that statute doesn't

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<v Speaker 1>talk about taking away the designation of a national monument.

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<v Speaker 1>But in nineteen thirty eight, when President Franklin Roosevelt wanted

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<v Speaker 1>the authority to do so, tell us what the Office

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<v Speaker 1>of Legal Counsel of the Department of Justice to him. Yes,

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<v Speaker 1>the Department of Justice really in said that they he

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<v Speaker 1>did not have the authority to do that because the

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<v Speaker 1>establishment of the National Monument, in accordance to the Antiquities Act,

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<v Speaker 1>is a one way creation of a trust over the resources.

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<v Speaker 1>The presidents then wouldn't have the power to revoke that reservation.

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<v Speaker 1>That's really There haven't been any court cases that specifically

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<v Speaker 1>have dealt with that power. But that was the Attorney

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<v Speaker 1>General and the the Office of Legal Counsel's opinion that's

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<v Speaker 1>been rendered, and there's nothing to contradict that opinion. And

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<v Speaker 1>in fact, although presidents have once in a while narrowed

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<v Speaker 1>the scope of some of these monuments, uh not by

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<v Speaker 1>a lot, but they have never sought to take back,

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<v Speaker 1>you know, the ablishment of one of these national monuments. John,

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<v Speaker 1>Let's let's stick for a moment on on the idea

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<v Speaker 1>that a president might completely resin as opposed to scale

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<v Speaker 1>back at national monument. Does that UM opinion back in

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<v Speaker 1>the thirties make sense to you? Why should it be?

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<v Speaker 1>I mean, why shouldn't this be Like, you know, president

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<v Speaker 1>appoints somebody, a president can fire somebody. Why can't a

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<v Speaker 1>president undo an action taken by a previous previous president. Well,

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<v Speaker 1>I think it has to do with the special field

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<v Speaker 1>of public land law, which has always been somewhat different

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<v Speaker 1>from other areas of federal law. And around the same

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<v Speaker 1>time that Congress passed the Antiquities Act in nineteen o six,

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<v Speaker 1>it passed a number of other statutes that authorized the

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<v Speaker 1>president to take action to protect lands federal lands in

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<v Speaker 1>one way or another. And in those other statutes it

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<v Speaker 1>said it gave the president authority to set aside or

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<v Speaker 1>unset aside. In other words, it specifically said you can

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<v Speaker 1>do this or you can revoke this. But in the

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<v Speaker 1>Antiquities Act it stands out because it's one way. It

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<v Speaker 1>says you can set aside and protect land, but it

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<v Speaker 1>didn't say you could unprotect them. And that's exactly the

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<v Speaker 1>reasoning of the Attorney General. Uh, He's basically said, look,

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<v Speaker 1>this is a delegation from Congress to take protective action.

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<v Speaker 1>It's not a delegation to unprotect UH and so you

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<v Speaker 1>can't do it. It's a it's a pretty powerful argument,

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<v Speaker 1>I think. Obviously, you know, you never can predict what

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<v Speaker 1>the courts are going to do. But I think there's

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<v Speaker 1>grave risk if the President wants to take action to

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<v Speaker 1>resand the monument. Chuck about forty five seconds here. National

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<v Speaker 1>monument status has been revoked from only eleven sites, and

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<v Speaker 1>each of those cases Congress took away the site's national

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<v Speaker 1>monument status. Is that a strong indicator that it's Congress

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<v Speaker 1>that should do this. Yes, I think, as John, as

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<v Speaker 1>John said, it really is Congress that has the authority

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<v Speaker 1>over public lands in the United States, and they can

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<v Speaker 1>do whatever they want. But I think it's a stretch

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<v Speaker 1>to say that the president, acting on his own, can

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<v Speaker 1>revoke one of these things. We're talking with Charles Warren

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<v Speaker 1>of Cramer, Levin of Thalas and Franco, and John Leshi

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<v Speaker 1>of the University of California Hastings College of Law in

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<v Speaker 1>San Francisco about Donald Trump's announcement this week that he

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<v Speaker 1>is considering UH or is ordering a review of national

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<v Speaker 1>monuments created by previous presidents, including Barack Obama. When we

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<v Speaker 1>come back in a moment, I want to ask them

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<v Speaker 1>about whether, even if Donald Trump can't can't revoke a designation,

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<v Speaker 1>whether he might at least be able to shrink the

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<v Speaker 1>size of something like the one point three five million

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<v Speaker 1>acre national monument in bears Ear in U Talk Bears

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<v Speaker 1>Ears National Monuments. But first I'll check on the latest

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<v Speaker 1>world of national headlines with Limburg's Nancy Lions here in

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<v Speaker 1>the newsroom in Washington. Nancy thanks. President Trump says, even

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<v Speaker 1>though it's been ninety nine days, his administration is making

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<v Speaker 1>great strides and getting a lot of things done. I

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<v Speaker 1>don't think there's ever been anything like this. It's a

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<v Speaker 1>full standard a hundred days. But I have to tell you,

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<v Speaker 1>I don't think anybody has done what we've been able

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<v Speaker 1>to do in a hundred days. So we're very happy.

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<v Speaker 1>The President spoke after signing an executive order aimed at

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<v Speaker 1>expanding offshore drilling. He says the executive order lifts restrictions

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<v Speaker 1>on drilling and will unleash American energy and clear the

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<v Speaker 1>way for thousands of high paying energy jobs. With just

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<v Speaker 1>hours to spare, Congress is easily approved a short term

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<v Speaker 1>spending bill that would prevent if partial federal shutdown over

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<v Speaker 1>the weekend. It extends the deadline for another week. Secretary

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<v Speaker 1>of State Rex Tillerson is warning the U n Security

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<v Speaker 1>Council today that there needs to be a new approach

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<v Speaker 1>for dealing with North Korea now that the country is

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<v Speaker 1>becoming bolder with its missile testing. The threat of a

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<v Speaker 1>North Korean nuclear attack on Soul or Tokyo is real,

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<v Speaker 1>and it is likely on a matter of time before

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<v Speaker 1>North Korea developed the capability to strike the US mainlane.

0:10:53.880 --> 0:10:57.119
<v Speaker 1>He wants UN members to suspend or downgrade any diplomatic

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<v Speaker 1>relations with North Korea and further isolate the country with

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<v Speaker 1>new sanctions. Former President George H. W. Bush has been

0:11:04.200 --> 0:11:07.000
<v Speaker 1>released from a Houston hospital where he received treatment from

0:11:07.000 --> 0:11:09.559
<v Speaker 1>a mild case of pneumonia and chronic bronchitis over the

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<v Speaker 1>past two weeks. Pope Francis is in Egypt, arriving today

0:11:13.280 --> 0:11:16.040
<v Speaker 1>to meet with the country's religious and political leaders. He's

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<v Speaker 1>hoping to present a united Christian Muslim front three weeks

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<v Speaker 1>after Islamic militant stage twin Palm Sunday church attacks. He'll

0:11:23.040 --> 0:11:26.240
<v Speaker 1>spend two days in the country. Global News twenty four

0:11:26.240 --> 0:11:28.920
<v Speaker 1>hours a day, powered by more than twenty journalist and

0:11:28.920 --> 0:11:31.679
<v Speaker 1>analyst in more than a hundred and twenty countries on

0:11:31.880 --> 0:11:39.080
<v Speaker 1>Nancy Lines, Global Business News twenty four hours a day,

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<v Speaker 1>at Bloomberg dot Com, the Radio plus Mobile Lab and

0:11:42.360 --> 0:11:46.520
<v Speaker 1>on your radio face. He's a Bloomberg Business Flash, Bloomberg

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<v Speaker 1>World Headquarters. I'm Charley. Put the down s and pr lower,

0:11:49.920 --> 0:11:52.560
<v Speaker 1>nestack is higher. We've got the ten you yield at

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<v Speaker 1>two point three, gold up to ten, the ounce to

0:11:56.720 --> 0:11:59.320
<v Speaker 1>twelve sixty eight gain there of two tents of one percent,

0:11:59.800 --> 0:12:03.679
<v Speaker 1>and West Texas Intermediate Crude up sixteen cents of errol

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<v Speaker 1>on w T I again there are three tenths of

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<v Speaker 1>one percent. So the SMP down four that's a drop

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<v Speaker 1>of two tenths of one percent. Down Industrials down thirty six,

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<v Speaker 1>also a drop of two tenths of one percent. Nez

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<v Speaker 1>stack barely budgeting it is higher by less than a point.

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<v Speaker 1>I'm Charlie Peltan that June Grosso and Greg Store is

0:12:24.320 --> 0:12:28.520
<v Speaker 1>a Bloomberg Business Flash. Thank you, Charlie. Bloomberg Laws brought

0:12:28.559 --> 0:12:31.080
<v Speaker 1>to you by Sector Spider et F. Why by a

0:12:31.080 --> 0:12:33.600
<v Speaker 1>single stock when you can invest in the entire sector.

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<v Speaker 1>Visits sector sp drs dot com or call one six

0:12:38.320 --> 0:12:45.199
<v Speaker 1>Sector e t F. Greg. Thanks June. We're talking about

0:12:45.360 --> 0:12:49.360
<v Speaker 1>the announcement this week that Barack that Donald Trump said

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<v Speaker 1>he's gonna order a review of the national monuments designated

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<v Speaker 1>by his predecessors, including Barack Obama. Trump said this week

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<v Speaker 1>that Obama committed a quote agreedious to U a federal

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<v Speaker 1>power when he designated some vast areas and put them

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<v Speaker 1>off limits to development. The Antiquities Act does not give

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<v Speaker 1>the federal government unlimited power to lock up millions of

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<v Speaker 1>acres of land and water, and it's time we ended

0:13:18.280 --> 0:13:24.560
<v Speaker 1>this abusive practice. We're speaking with John Lushy, He's a

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<v Speaker 1>professor at the University of California Hastings College of Law,

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<v Speaker 1>and Charles Warren, a partner at Kramer Levin Um. Chuck

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<v Speaker 1>uh the um tell us what it means to have

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<v Speaker 1>something designated as a National monument. What are the practical

0:13:40.640 --> 0:13:44.520
<v Speaker 1>consequences of that sort of designation? Well, you know they

0:13:44.559 --> 0:13:49.880
<v Speaker 1>set them, they set these lands aside. Basically, you know,

0:13:49.920 --> 0:13:54.120
<v Speaker 1>that's taken the historic landmarks or prehistoric structures or objects

0:13:54.160 --> 0:13:58.400
<v Speaker 1>of scientific interests, and it protects these things from these

0:13:58.440 --> 0:14:03.200
<v Speaker 1>areas rather from incompatible activities such as mining and leasing

0:14:03.240 --> 0:14:07.160
<v Speaker 1>and logging and grazing and fishing and other kinds of

0:14:07.200 --> 0:14:10.720
<v Speaker 1>commercial uses essentially, And that's really what it means. And

0:14:10.760 --> 0:14:14.800
<v Speaker 1>that's obviously what some of the people who are against

0:14:14.840 --> 0:14:19.040
<v Speaker 1>these kinds of designations, you know, are are concerned about.

0:14:20.240 --> 0:14:24.120
<v Speaker 1>And John in an NBACY News survey monkey Pole in

0:14:24.200 --> 0:14:28.480
<v Speaker 1>February respond and said more US land should be protected

0:14:28.480 --> 0:14:32.840
<v Speaker 1>by national parks. Of the amount currently protected was right

0:14:33.320 --> 0:14:37.200
<v Speaker 1>and only nine said less land should be protected. So

0:14:37.280 --> 0:14:40.320
<v Speaker 1>it seems as if the American public is in favor

0:14:40.440 --> 0:14:45.600
<v Speaker 1>of these uh monuments and public lands. If this goes

0:14:45.680 --> 0:14:48.280
<v Speaker 1>through for some reason, do those lands go back to

0:14:48.360 --> 0:14:51.240
<v Speaker 1>the states and then do the states have the opportunity

0:14:51.280 --> 0:14:54.760
<v Speaker 1>to do whatever they want with them? No, they would

0:14:54.760 --> 0:14:57.480
<v Speaker 1>remain in federal hints. But you're wrong in saying they

0:14:57.560 --> 0:14:59.760
<v Speaker 1>go back to the states. The states never owned these lands,

0:14:59.800 --> 0:15:01.880
<v Speaker 1>do you nided states always owned these lands. The United

0:15:01.920 --> 0:15:06.040
<v Speaker 1>States acquired these lands usually from foreign governments with the

0:15:06.040 --> 0:15:09.080
<v Speaker 1>blood and treasure of everybody, uh, And so the states

0:15:09.080 --> 0:15:13.040
<v Speaker 1>have no claim to these lands. If a monument is rescinded. Uh,

0:15:13.080 --> 0:15:16.560
<v Speaker 1>they remain federal lands, but the protections of those lands

0:15:17.000 --> 0:15:21.640
<v Speaker 1>are lessons. I should also, uh say, response to something

0:15:21.680 --> 0:15:24.880
<v Speaker 1>Charles said, these lands are generally open to the public

0:15:24.920 --> 0:15:29.080
<v Speaker 1>for recreation. They're also opened generally to grazing. What is

0:15:29.120 --> 0:15:33.760
<v Speaker 1>restricted are those uses, uh sort of intensive industrial uses

0:15:34.200 --> 0:15:37.640
<v Speaker 1>that are inconsistent with protecting these cultural and historic and

0:15:37.680 --> 0:15:42.120
<v Speaker 1>scientific objects. So each monument contains its own kind of

0:15:42.160 --> 0:15:47.480
<v Speaker 1>little management regime built around the resources that you're trying

0:15:47.520 --> 0:15:51.200
<v Speaker 1>to protect, which may include vast landscapes, or it may

0:15:51.240 --> 0:15:54.600
<v Speaker 1>include very specific sites like the Statute of Liberty was

0:15:54.640 --> 0:15:58.440
<v Speaker 1>actually first satisized and national monuments by a president Chuck

0:15:58.560 --> 0:16:02.640
<v Speaker 1>the antiquity access that the national monument should be quote

0:16:02.680 --> 0:16:05.920
<v Speaker 1>confined to the smallest area compatible with proper care and

0:16:05.920 --> 0:16:09.720
<v Speaker 1>management of the objects to be protected. Um, if there's

0:16:09.960 --> 0:16:14.680
<v Speaker 1>a good argument that, uh, say, the monument in Utah

0:16:14.800 --> 0:16:17.880
<v Speaker 1>one point three five million acres is bigger than it

0:16:17.960 --> 0:16:21.040
<v Speaker 1>needs to be, is it clear that Donald Trump would

0:16:21.040 --> 0:16:25.840
<v Speaker 1>have a theory to authority to make that smaller. Not

0:16:25.960 --> 0:16:29.360
<v Speaker 1>really clear, but there there is precedent for that, because

0:16:29.400 --> 0:16:34.080
<v Speaker 1>presidents have, on occasion, not many occasions, made some of

0:16:34.120 --> 0:16:38.800
<v Speaker 1>these national monument areas smaller. Um the going back to

0:16:38.840 --> 0:16:42.960
<v Speaker 1>the opinion the Attorney General, you know, he that opinion

0:16:43.000 --> 0:16:45.520
<v Speaker 1>did say that you might be able to do that,

0:16:45.600 --> 0:16:49.960
<v Speaker 1>but it's apparently not considered one of the strongest points

0:16:50.400 --> 0:16:54.040
<v Speaker 1>of the opinion in view of developments that have happened

0:16:54.360 --> 0:16:56.320
<v Speaker 1>in the future. And I think I think you have

0:16:56.360 --> 0:17:01.280
<v Speaker 1>to justify saying why you had, you know, narrowed the

0:17:01.360 --> 0:17:04.560
<v Speaker 1>area and if if the mind you know, if the

0:17:04.600 --> 0:17:08.960
<v Speaker 1>monument is still designation, is still protecting the area from

0:17:08.960 --> 0:17:10.840
<v Speaker 1>the things you want to protect it from, And that's

0:17:10.840 --> 0:17:14.080
<v Speaker 1>what it says. It says with you know, with the

0:17:14.160 --> 0:17:16.879
<v Speaker 1>small area compatible with proper care and managements of the

0:17:16.920 --> 0:17:20.760
<v Speaker 1>objects to be protected. And so that's that's the question,

0:17:20.880 --> 0:17:24.159
<v Speaker 1>right if if something is you try to narrow the area,

0:17:24.280 --> 0:17:28.440
<v Speaker 1>are things still being protected? And if you allow mining

0:17:28.560 --> 0:17:32.199
<v Speaker 1>or drilling and now you could I'm sure make a

0:17:32.240 --> 0:17:35.040
<v Speaker 1>good case that these places will not be protected in

0:17:35.040 --> 0:17:37.120
<v Speaker 1>the same way. So I think I think you're gonna

0:17:37.119 --> 0:17:40.960
<v Speaker 1>be inviting a major lawsuits if if you try even

0:17:41.000 --> 0:17:47.440
<v Speaker 1>to diminish the area it was deficated. John, What kind

0:17:47.600 --> 0:17:51.520
<v Speaker 1>of claims could we see in lawsuits if Trump does

0:17:51.600 --> 0:17:58.439
<v Speaker 1>go forward with this plan? Well, either a recision or

0:17:58.480 --> 0:18:02.800
<v Speaker 1>a reduction would be certainly be challenged by probably local

0:18:02.840 --> 0:18:06.360
<v Speaker 1>groups who want these areas protected, by tribes of Pho,

0:18:06.480 --> 0:18:10.240
<v Speaker 1>particularly interested in in the bears Ears, by recreational interests,

0:18:10.280 --> 0:18:14.440
<v Speaker 1>by outdoor recreation industry, which is a very powerful economic force.

0:18:14.480 --> 0:18:18.320
<v Speaker 1>So you'll see lots of opposition and uh many potential

0:18:18.400 --> 0:18:23.200
<v Speaker 1>and probably real plaintiffs in lawsuits if if the president

0:18:23.480 --> 0:18:30.000
<v Speaker 1>uh follows through and based on based on the grounds

0:18:30.000 --> 0:18:32.840
<v Speaker 1>we've just been talking about that the Antiquities Act is

0:18:33.000 --> 0:18:35.919
<v Speaker 1>really a protection statute. It and it doesn't give a

0:18:36.000 --> 0:18:39.720
<v Speaker 1>president the power to unprotect an area, which is what

0:18:39.800 --> 0:18:42.119
<v Speaker 1>he would be doing if he took accident under this.

0:18:42.200 --> 0:18:45.960
<v Speaker 1>So it's a very straightforward lawsuit and uh, and I'm

0:18:46.000 --> 0:18:48.360
<v Speaker 1>sure we'll see this layout in the courts if the

0:18:48.400 --> 0:18:51.119
<v Speaker 1>president wants to do this. I should also say in

0:18:51.160 --> 0:18:53.359
<v Speaker 1>the clip you put played the president and we're going

0:18:53.400 --> 0:18:56.760
<v Speaker 1>to end this abusive power. This is something that every

0:18:56.760 --> 0:18:59.480
<v Speaker 1>president has done, beginning with Theodore Roso you know the

0:18:59.560 --> 0:19:02.280
<v Speaker 1>secretary in the Interior Zinky, claimed to be a big

0:19:02.280 --> 0:19:05.520
<v Speaker 1>fan of Theodore Roosevelt. Well, uh, Diodo Roosevelt did an

0:19:05.520 --> 0:19:09.239
<v Speaker 1>eight hundred ac or grand Canyon National Monument, Nike Neil eight.

0:19:09.320 --> 0:19:11.920
<v Speaker 1>He set the pattern here that has been followed ever

0:19:12.000 --> 0:19:16.040
<v Speaker 1>since for these these large scale protections. John, we're gonna

0:19:16.040 --> 0:19:17.720
<v Speaker 1>have to leave it there, Thank you so much. John

0:19:17.840 --> 0:19:20.600
<v Speaker 1>Leshie of the University of California Hastings College of Law

0:19:20.640 --> 0:19:24.360
<v Speaker 1>and Charles Warren of Cramer Levin talking about the prospect

0:19:24.359 --> 0:19:26.680
<v Speaker 1>that Donald Trump may scale back or even recent in

0:19:26.760 --> 0:19:31.680
<v Speaker 1>some national monuments designated by his predecessor presidents. You're listening

0:19:31.720 --> 0:19:34.080
<v Speaker 1>to Bloomberg Law. This is Bloomberg