1 00:00:01,680 --> 00:00:06,200 Speaker 1: Now from our nation's capital. This is Bloomberg Sound On. 2 00:00:07,200 --> 00:00:09,760 Speaker 1: It is the greatest privilege of my life to be 3 00:00:09,800 --> 00:00:13,160 Speaker 1: able to serve the party I love. The roadmap has 4 00:00:13,200 --> 00:00:16,560 Speaker 1: been drawn and the bugle has been sound. J Jimping 5 00:00:16,800 --> 00:00:19,680 Speaker 1: is the most powerful man in the world. Ten of 6 00:00:19,760 --> 00:00:24,120 Speaker 1: the thirteen charged individuals are Chinese intelligence officers and Chinese 7 00:00:24,160 --> 00:00:28,360 Speaker 1: government of Bloomberg Sound On Politics, Policy and Perspective from 8 00:00:28,480 --> 00:00:33,040 Speaker 1: DC's top name, we do not want Joe finds America 9 00:00:33,440 --> 00:00:36,800 Speaker 1: in Texas. I wonder sometimes if he actually realizes that 10 00:00:36,840 --> 00:00:39,080 Speaker 1: he's President of the United States. Of course he recognizes, 11 00:00:39,120 --> 00:00:42,839 Speaker 1: and that's my salt. President Bloomberg Sound On with Joe 12 00:00:42,960 --> 00:00:48,640 Speaker 1: Matthew on Bloomberg Radio. President J. Jimping starts an unprecedented 13 00:00:48,720 --> 00:00:52,960 Speaker 1: third term as Richie Sunac begins his first Welcome to 14 00:00:53,000 --> 00:00:55,880 Speaker 1: the Fastest Hour in politics, as Washington tries to figure 15 00:00:55,920 --> 00:00:59,320 Speaker 1: out what the developments in China and the UK mean 16 00:00:59,440 --> 00:01:01,840 Speaker 1: for the u US going forward. Will be joined by D. J. 17 00:01:02,000 --> 00:01:05,600 Speaker 1: Peterson of long View Advisers about risks brought by a 18 00:01:05,760 --> 00:01:10,280 Speaker 1: changing geo political landscape. Later, just over two weeks to 19 00:01:10,319 --> 00:01:13,280 Speaker 1: the election, Pole showed Democrats sliding into the mid terms 20 00:01:13,319 --> 00:01:16,399 Speaker 1: We're gonna look at three bell weathers with Bloomberg's Eric 21 00:01:16,440 --> 00:01:19,000 Speaker 1: Watson and cover another wild weekend on the trail with 22 00:01:19,040 --> 00:01:23,480 Speaker 1: our signature panel. Bloomberg Politics contributors Genie Chanzano and Rick 23 00:01:23,600 --> 00:01:27,440 Speaker 1: Davis are with us for the hour. Remarkable imagery from 24 00:01:27,520 --> 00:01:30,320 Speaker 1: Beijing over the weekend. As President Chi Jimping made it 25 00:01:30,360 --> 00:01:33,920 Speaker 1: all official. Everyone saw it coming, but now it's real. 26 00:01:34,400 --> 00:01:39,360 Speaker 1: He emerges from China's comedy Communist Party Congress, easy for 27 00:01:39,400 --> 00:01:42,760 Speaker 1: me to say, with an unprecedented third term in a 28 00:01:42,840 --> 00:01:45,920 Speaker 1: much tighter grip. Thousands watched. Did you see this? As 29 00:01:46,000 --> 00:01:51,400 Speaker 1: China's former leader Hu Jintao was unexpectedly escorted out of 30 00:01:51,400 --> 00:01:55,040 Speaker 1: the closing ceremony. Listen, it's not allowed to hear. In fact, 31 00:01:55,080 --> 00:01:57,480 Speaker 1: you could almost hear a pin drop if if it 32 00:01:57,520 --> 00:01:59,400 Speaker 1: were not for all the camera shutters, no one could 33 00:01:59,400 --> 00:02:02,680 Speaker 1: believe it. Media had just been allowed into the room 34 00:02:02,680 --> 00:02:05,400 Speaker 1: when the seventy nine year old former president, sitting directly 35 00:02:05,440 --> 00:02:08,959 Speaker 1: next to President She was approached by a staff member 36 00:02:09,240 --> 00:02:12,560 Speaker 1: and another government official took him by his arm, one 37 00:02:12,600 --> 00:02:14,280 Speaker 1: hand on the back, lifted him out of his chair. 38 00:02:14,919 --> 00:02:18,280 Speaker 1: He was resisting. He spoke with each of them quickly 39 00:02:19,880 --> 00:02:21,400 Speaker 1: as they tried to pull him away, he tried to 40 00:02:21,440 --> 00:02:24,440 Speaker 1: say something to President She before he was in fact 41 00:02:24,919 --> 00:02:27,960 Speaker 1: escorted away. He even tried at one point to touch 42 00:02:27,960 --> 00:02:30,600 Speaker 1: a document that was on the table before President She 43 00:02:30,840 --> 00:02:35,280 Speaker 1: himself covered it with his hand and pulled it away. 44 00:02:35,720 --> 00:02:40,320 Speaker 1: There was no explanation about what happened, and by the way, 45 00:02:40,360 --> 00:02:44,680 Speaker 1: none is expected. All the while, President She installed six 46 00:02:44,760 --> 00:02:48,400 Speaker 1: loyal associates to stand alongside him on the pol Bureau's 47 00:02:48,520 --> 00:02:52,280 Speaker 1: Supreme Standing Committee. Listen as they're introduced here. Now please 48 00:02:52,360 --> 00:02:55,760 Speaker 1: join me in a warm applause to welcome the General 49 00:02:55,800 --> 00:03:02,639 Speaker 1: Secretary and other Political Bureau Standing Committee members. And there 50 00:03:02,639 --> 00:03:07,400 Speaker 1: it is history in the making. When President She spoke 51 00:03:07,400 --> 00:03:09,160 Speaker 1: to this moment in history, as we hear through a 52 00:03:09,200 --> 00:03:17,160 Speaker 1: translator London in King only long journey, one field, with 53 00:03:17,320 --> 00:03:22,120 Speaker 1: glories and dreams. The roadmap has been drawn and the 54 00:03:22,200 --> 00:03:26,799 Speaker 1: bugle has been sounded. We must forge ahead with enterprise 55 00:03:27,080 --> 00:03:32,960 Speaker 1: and the fortitude. The bugle has been sounded. Though the 56 00:03:32,960 --> 00:03:36,160 Speaker 1: White House was not going near this today. Apparently everyone 57 00:03:36,240 --> 00:03:38,920 Speaker 1: was asked about a Press Secretary Karine Jeohn Pierre saying, quote, 58 00:03:38,920 --> 00:03:42,040 Speaker 1: we are not going to comment on internal party politics. 59 00:03:42,080 --> 00:03:44,680 Speaker 1: The PRC, although Bloomberg is now reporting that the White 60 00:03:44,720 --> 00:03:48,040 Speaker 1: House is working on arranging a meeting with She Biden 61 00:03:48,120 --> 00:03:53,240 Speaker 1: and she presumably virtual, but who knows. And that's where 62 00:03:53,280 --> 00:03:56,320 Speaker 1: we start with d J. Peterson, President of Longview Advisors, 63 00:03:56,360 --> 00:03:59,280 Speaker 1: former director for the Eurasia Group, former political analyst at 64 00:03:59,320 --> 00:04:02,440 Speaker 1: Rand Corporate. It's great to have you back, d J. Welcome. 65 00:04:02,480 --> 00:04:07,720 Speaker 1: What does President She mean the bugle has sounded when 66 00:04:07,760 --> 00:04:12,360 Speaker 1: you list take his speech in its entirety, Joe, it 67 00:04:12,440 --> 00:04:17,920 Speaker 1: was really about security, and there was many militaristic references, 68 00:04:18,040 --> 00:04:20,560 Speaker 1: and so the bugle is sounded. It really does I 69 00:04:20,600 --> 00:04:25,320 Speaker 1: think part of that kind of militaristic yea call it was. 70 00:04:25,360 --> 00:04:27,960 Speaker 1: It was quite dramatic. It's a good idea to be 71 00:04:28,000 --> 00:04:32,000 Speaker 1: meeting with President She right now. You know that that's 72 00:04:32,000 --> 00:04:36,520 Speaker 1: a great question that contacts between our two countries, between 73 00:04:36,520 --> 00:04:39,840 Speaker 1: the United States and China are very weak. They're the 74 00:04:39,960 --> 00:04:43,719 Speaker 1: quality of the communications and the dialogue at all levels 75 00:04:43,760 --> 00:04:47,640 Speaker 1: of these two governments is actually historically low. So the 76 00:04:47,720 --> 00:04:51,400 Speaker 1: fact that the leaders are getting together to talk it 77 00:04:51,480 --> 00:04:56,159 Speaker 1: does at least suggest that there's there's possibility for dialogue 78 00:04:56,160 --> 00:04:59,200 Speaker 1: and getting some messages across um. As you know, President 79 00:04:59,240 --> 00:05:03,080 Speaker 1: Biden is all, we professed the importance of having open 80 00:05:03,160 --> 00:05:05,919 Speaker 1: channels of communications, and this is just part of a strategy. 81 00:05:06,120 --> 00:05:08,520 Speaker 1: Will he get what he wants? Will the United States 82 00:05:08,520 --> 00:05:12,760 Speaker 1: be able to advance its agenda? It's not clear. That's 83 00:05:12,800 --> 00:05:14,520 Speaker 1: so then you know what's the point, right? I mean, 84 00:05:14,520 --> 00:05:16,120 Speaker 1: if you if you don't go in there with a 85 00:05:16,160 --> 00:05:18,200 Speaker 1: list of demands that you know will be made good 86 00:05:18,279 --> 00:05:19,880 Speaker 1: or at least a sense of how the thing is 87 00:05:19,920 --> 00:05:24,240 Speaker 1: going to end. Sometimes that's a risky proposition. Well, I 88 00:05:24,279 --> 00:05:26,720 Speaker 1: think there's two things going on here and and and 89 00:05:26,800 --> 00:05:30,640 Speaker 1: most importantly, it's signaling. If she Jing King is meeting 90 00:05:30,680 --> 00:05:34,640 Speaker 1: with the American President, she is ultimately signaling to other 91 00:05:34,720 --> 00:05:38,360 Speaker 1: officials lower down that it is possible to have a communication, 92 00:05:38,480 --> 00:05:43,920 Speaker 1: have dialogue. Um. And that's important. The second is it's theatrics. Um. 93 00:05:43,960 --> 00:05:47,680 Speaker 1: It really is important that the United States be seen 94 00:05:47,920 --> 00:05:51,720 Speaker 1: in global forums as being willing to talk, even if 95 00:05:51,720 --> 00:05:55,200 Speaker 1: the message is not getting across our allies and friends 96 00:05:55,200 --> 00:05:58,800 Speaker 1: and other countries are are are looking for signals that 97 00:05:58,880 --> 00:06:03,320 Speaker 1: the US is a responsible global player. That happened to you, Gentao. 98 00:06:03,400 --> 00:06:05,279 Speaker 1: We're gonna see a picture of him with a newspaper 99 00:06:05,279 --> 00:06:08,599 Speaker 1: in the next couple of days. You know, that's a 100 00:06:08,720 --> 00:06:11,120 Speaker 1: really good question. What is really thank you for your 101 00:06:11,560 --> 00:06:14,279 Speaker 1: detailing kind of that what what what took place on that? 102 00:06:14,320 --> 00:06:18,160 Speaker 1: I was blown, the whole world was. Yeah, it's so 103 00:06:18,320 --> 00:06:23,599 Speaker 1: striking for two reasons. One, the Chinese Communist Party has 104 00:06:23,640 --> 00:06:29,080 Speaker 1: been orchestrating a choreographing this whole event for months. They've 105 00:06:29,120 --> 00:06:32,480 Speaker 1: shut down all kinds of discussion, they delayed their economic 106 00:06:33,080 --> 00:06:37,080 Speaker 1: um report for a week. Um, they really kind of 107 00:06:37,360 --> 00:06:41,719 Speaker 1: put the lid on anything looking bad inside China. And 108 00:06:41,760 --> 00:06:45,000 Speaker 1: then this happens, Like you said, he's sitting right next 109 00:06:45,040 --> 00:06:48,760 Speaker 1: to Um, the chairman of the Communist Party, and it 110 00:06:48,839 --> 00:06:51,279 Speaker 1: happens that one of the crucial moments of the session 111 00:06:51,440 --> 00:06:55,279 Speaker 1: right when they opened the media. So the timing was 112 00:06:55,400 --> 00:06:58,080 Speaker 1: quite impeccable. So this was not an accident though, right, 113 00:06:58,120 --> 00:07:01,640 Speaker 1: I mean that that's a re markable and historic moment. 114 00:07:01,680 --> 00:07:05,400 Speaker 1: They came and dragged the former president out of the room. Yeah, 115 00:07:05,680 --> 00:07:08,640 Speaker 1: it is quite remarkable, and and and and and and 116 00:07:08,640 --> 00:07:12,520 Speaker 1: and seeing discussions along China watchers, you know, there is 117 00:07:12,560 --> 00:07:15,480 Speaker 1: this kind of just kind of head scratching frankly, and 118 00:07:15,520 --> 00:07:18,680 Speaker 1: you know, pour one issue one question is was was 119 00:07:18,760 --> 00:07:21,800 Speaker 1: he did he was he ill He certainly looked quite 120 00:07:21,800 --> 00:07:26,520 Speaker 1: shaken in the moment. And yeah, so it's but the 121 00:07:26,560 --> 00:07:31,160 Speaker 1: fact that he's kind of appealing to the two top officials, um, 122 00:07:31,320 --> 00:07:37,400 Speaker 1: the chairman and then the Prime Minister. It's it's quite dramatic. Yeah, 123 00:07:37,680 --> 00:07:42,120 Speaker 1: the Chinese popular, the populist they're reading this very carefully 124 00:07:42,160 --> 00:07:44,560 Speaker 1: and they're paying a lot of attention d J. Peterson. 125 00:07:44,640 --> 00:07:46,960 Speaker 1: So then when you back off, how meaningful was this 126 00:07:47,040 --> 00:07:49,280 Speaker 1: party Congress for the United States? How much of a 127 00:07:49,320 --> 00:07:55,119 Speaker 1: threat does this does this newly consolidated regime pose, you know, Joe, 128 00:07:55,440 --> 00:08:00,440 Speaker 1: It's it's surprising how little new actually in Still the 129 00:08:00,480 --> 00:08:05,080 Speaker 1: policy line came out with very clear China is going 130 00:08:05,120 --> 00:08:09,640 Speaker 1: to continue. Um, it's great power ambitions, it's it's ambitions 131 00:08:09,640 --> 00:08:14,560 Speaker 1: in Asia, it's zero COVID policy, it's technology agenda. So 132 00:08:14,600 --> 00:08:19,120 Speaker 1: in some ways is just reconfirming or intensifying. I think 133 00:08:19,200 --> 00:08:22,800 Speaker 1: what was quite remarkable and you as you noted, is 134 00:08:23,280 --> 00:08:27,560 Speaker 1: the number of protegees and allies and stalwarts of Shingjing 135 00:08:27,640 --> 00:08:30,520 Speaker 1: Ping that made it into the top levels of government. 136 00:08:31,080 --> 00:08:33,920 Speaker 1: So what this means in some ways I think that 137 00:08:34,040 --> 00:08:38,319 Speaker 1: there's going to actually be less discussion of policy challenges. 138 00:08:38,720 --> 00:08:43,480 Speaker 1: And remember China is facing an unprecedented array of issues 139 00:08:43,600 --> 00:08:47,559 Speaker 1: yet COVID the real estate bust, you have very weak 140 00:08:47,679 --> 00:08:52,000 Speaker 1: consumer demand, a really really bad demographic trends, and of 141 00:08:52,040 --> 00:08:54,920 Speaker 1: course the tensions with the United States and the West, 142 00:08:55,120 --> 00:08:59,760 Speaker 1: technology and if everybody is in lock step alignment with 143 00:08:59,840 --> 00:09:03,480 Speaker 1: the chairman, and that also suggests there's not a lot 144 00:09:03,520 --> 00:09:07,160 Speaker 1: of open policy discussion. And what we've seen is some 145 00:09:07,440 --> 00:09:12,200 Speaker 1: really bad decisions being made um under this under this leader. 146 00:09:12,240 --> 00:09:15,559 Speaker 1: So the United States, one is buckling your seat belts 147 00:09:15,600 --> 00:09:19,920 Speaker 1: because more bad decisions will be coming. But also perhaps 148 00:09:20,000 --> 00:09:25,320 Speaker 1: China is locked in, very much locked into a rigid 149 00:09:25,360 --> 00:09:29,760 Speaker 1: strategy that is actually not improving the global position. Well, 150 00:09:29,800 --> 00:09:32,560 Speaker 1: the market has spoken on this. The market is typically 151 00:09:32,600 --> 00:09:35,680 Speaker 1: ahead of of the rest of us here. But you know, 152 00:09:35,760 --> 00:09:39,239 Speaker 1: add what happened today in Washington is the US unsealed 153 00:09:39,360 --> 00:09:43,280 Speaker 1: charges claiming a couple of Chinese intelligence officers trying to 154 00:09:43,320 --> 00:09:47,760 Speaker 1: obstruct a criminal investigation. This is an investigation into Huawei. 155 00:09:49,040 --> 00:09:52,720 Speaker 1: Attorney General Merrick Garland listen. Over the past week, the 156 00:09:52,840 --> 00:09:57,120 Speaker 1: Justice Department has taken several actions to disrupt criminal activity 157 00:09:57,200 --> 00:10:00,240 Speaker 1: by individuals working on behalf of the government of the 158 00:10:00,280 --> 00:10:05,360 Speaker 1: People's Republic of China. Pretty amazing. Chris Ray, the FBI director, said, 159 00:10:05,360 --> 00:10:09,960 Speaker 1: ten of the thirteen individuals charged were Chinese intelligence individuals. 160 00:10:10,760 --> 00:10:13,120 Speaker 1: What does that tell us about our relationship with this 161 00:10:13,200 --> 00:10:17,600 Speaker 1: country over the next year or even five DJ. Yeah, 162 00:10:17,640 --> 00:10:21,600 Speaker 1: I think it's really important to think of this as 163 00:10:21,679 --> 00:10:26,000 Speaker 1: a Cold War two. Um. While we trade, we have 164 00:10:26,200 --> 00:10:29,839 Speaker 1: great um and deep economic ties with the countries with 165 00:10:30,000 --> 00:10:32,960 Speaker 1: the country, and we certainly have deep um you know, 166 00:10:33,080 --> 00:10:37,480 Speaker 1: communications and travel. We're in a cold war and this 167 00:10:37,520 --> 00:10:40,520 Speaker 1: is a it's a different kinds We're competing on many 168 00:10:40,559 --> 00:10:44,880 Speaker 1: different issues, but this is very much this this arresting 169 00:10:44,920 --> 00:10:48,160 Speaker 1: of spies, you know, is classic of what we saw 170 00:10:48,160 --> 00:10:51,319 Speaker 1: in Cold War one. So this is indicative again of 171 00:10:51,520 --> 00:10:56,679 Speaker 1: Cold War two and China's global ambitions around technology, around 172 00:10:56,720 --> 00:11:01,080 Speaker 1: competing with the United States, UM, geo, politically, and of 173 00:11:01,120 --> 00:11:04,240 Speaker 1: course economically. So this is part and parcel of Cold 174 00:11:04,240 --> 00:11:06,040 Speaker 1: War two in my view, and I think we need 175 00:11:06,080 --> 00:11:10,880 Speaker 1: to understand. Companies need to understand that it's it's it's 176 00:11:10,720 --> 00:11:14,720 Speaker 1: the business environment, the investment environment, corny become a lot 177 00:11:14,720 --> 00:11:17,520 Speaker 1: more challenging. Well, you know, you need allies to fight 178 00:11:17,640 --> 00:11:20,319 Speaker 1: or win a cold war. How about this guy in London? 179 00:11:21,200 --> 00:11:24,760 Speaker 1: I am humbled and honored to have the support of 180 00:11:24,800 --> 00:11:28,800 Speaker 1: my parliamentary colleagues and to be elected as leader of 181 00:11:28,920 --> 00:11:33,559 Speaker 1: the Conservative and Unionist Party. Rachid gets his turn. We're 182 00:11:33,559 --> 00:11:36,760 Speaker 1: going to talk about how flexible this administration has to 183 00:11:36,800 --> 00:11:40,240 Speaker 1: be over the next couple of months, with massive and 184 00:11:40,280 --> 00:11:44,640 Speaker 1: important leadership changes happening on both sides of the planet. 185 00:11:44,880 --> 00:11:47,160 Speaker 1: D J. Peterson, thank you so much for being with 186 00:11:47,240 --> 00:11:51,040 Speaker 1: us long View Global Advisors. As we assemble the panel next. 187 00:11:51,640 --> 00:11:54,440 Speaker 1: Rick Davis and Jeanie Chanzano have been watching this go 188 00:11:54,559 --> 00:11:59,160 Speaker 1: on all weekend and just can't wait to bring their 189 00:11:59,200 --> 00:12:01,800 Speaker 1: ideas to you. There here next, on the fastest hour 190 00:12:01,880 --> 00:12:05,400 Speaker 1: in politics, I'm Joe Matthew and Washington Boy, It's only Monday. 191 00:12:05,400 --> 00:12:14,000 Speaker 1: This is Bloomberg. You're listening to Bloomberg Sound On with 192 00:12:14,120 --> 00:12:19,360 Speaker 1: Joe Matthew on Bloomberg Radio. Such just about two weeks 193 00:12:19,360 --> 00:12:23,240 Speaker 1: to the mid term elections, a war underway in Europe, 194 00:12:23,640 --> 00:12:27,840 Speaker 1: new warnings of a winter COVID surge, and now this 195 00:12:28,040 --> 00:12:32,240 Speaker 1: an emboldened president she will just call him chairman, and 196 00:12:32,360 --> 00:12:36,400 Speaker 1: the third British Prime Minister of President Biden's first term. 197 00:12:36,440 --> 00:12:40,040 Speaker 1: What could possibly go wrong? As the White House braces 198 00:12:40,320 --> 00:12:46,040 Speaker 1: forevermore complexity. We assemble our signature panel on quite a Monday. 199 00:12:46,120 --> 00:12:51,440 Speaker 1: Rick Davis is with us and Genie Chanzino Bloomberg Politics contributors. Genie, 200 00:12:51,440 --> 00:12:53,800 Speaker 1: I'm not sure where to start here. I mean, the 201 00:12:53,920 --> 00:12:56,439 Speaker 1: arguments being had you try to cook things down to 202 00:12:56,520 --> 00:13:00,000 Speaker 1: so called kitchen table issues in this mid term election 203 00:13:00,000 --> 00:13:03,000 Speaker 1: and the cycle are are frankly dwarfed by some of 204 00:13:03,040 --> 00:13:06,160 Speaker 1: the greater issues that we're talking about here, beginning with 205 00:13:06,880 --> 00:13:10,200 Speaker 1: our competition. You and I can use air quotes when 206 00:13:10,200 --> 00:13:13,480 Speaker 1: we say that with China, that's right. I mean what 207 00:13:13,600 --> 00:13:17,080 Speaker 1: a weekend it was, and you know, so many things 208 00:13:17,160 --> 00:13:20,600 Speaker 1: happened over there. Number one, they changed the constitution, okay, 209 00:13:20,679 --> 00:13:23,520 Speaker 1: in the use of force, and that is if separatists 210 00:13:23,559 --> 00:13:27,000 Speaker 1: declare independence or if foreign countries aid in a bet 211 00:13:27,000 --> 00:13:31,120 Speaker 1: separatism in Taiwan. Yeah, that's right. And then, of course, 212 00:13:31,120 --> 00:13:34,160 Speaker 1: as you mentioned, Bloomberg reporting that the president is pursuing 213 00:13:34,600 --> 00:13:36,680 Speaker 1: this meeting at the G twenty, but it was just 214 00:13:36,760 --> 00:13:40,400 Speaker 1: a week ago that Beijing was stonewalling that because the 215 00:13:40,440 --> 00:13:44,800 Speaker 1: President had pledged US military defense of Taiwan if China 216 00:13:44,840 --> 00:13:48,200 Speaker 1: were to invade. So just those two things alone are 217 00:13:48,400 --> 00:13:50,600 Speaker 1: enough to sort of try to wrap your wrap your 218 00:13:50,600 --> 00:13:53,199 Speaker 1: head around if you will, not to mention there are 219 00:13:53,200 --> 00:13:55,240 Speaker 1: no more women in the Polite Bureau, but we'll leave 220 00:13:55,240 --> 00:13:57,400 Speaker 1: that aside for the moment. Joe Matthew, I don't know 221 00:13:57,480 --> 00:13:59,600 Speaker 1: you want to be in that room. I do, Joe, 222 00:13:59,640 --> 00:14:02,320 Speaker 1: but an ask that's fine. Well, I'll tell you what. 223 00:14:02,920 --> 00:14:05,079 Speaker 1: The former president, I guess maybe didn't want to be 224 00:14:05,160 --> 00:14:08,360 Speaker 1: in that room. Rick, do you have any sense of 225 00:14:08,440 --> 00:14:10,560 Speaker 1: what went on there? What are we supposed to infer 226 00:14:10,600 --> 00:14:13,040 Speaker 1: when you see a seventy nine year old former president? 227 00:14:13,320 --> 00:14:15,120 Speaker 1: I mean here, we live in the country where where 228 00:14:15,520 --> 00:14:17,480 Speaker 1: you know, lock him up and all that stuff is 229 00:14:17,600 --> 00:14:21,760 Speaker 1: common at at Trump rallies. Uh, but Whosian Tao is 230 00:14:21,840 --> 00:14:24,680 Speaker 1: now gone? What? What what do we make of that? Yeah? 231 00:14:24,680 --> 00:14:26,160 Speaker 1: I think in China you have to assume that you 232 00:14:26,200 --> 00:14:28,960 Speaker 1: don't have to have a rally tell you what to do. Uh, 233 00:14:29,040 --> 00:14:31,680 Speaker 1: General Secretary Chi just does it? Look this was a 234 00:14:31,720 --> 00:14:34,040 Speaker 1: power move, right. He was showing that he could crush 235 00:14:34,240 --> 00:14:37,440 Speaker 1: the man next to him at the table, embarrass him, 236 00:14:37,520 --> 00:14:41,160 Speaker 1: take him out, politically emasculated him. Look, it's the same 237 00:14:41,200 --> 00:14:45,360 Speaker 1: thing he's done to every major CEO in the in 238 00:14:45,400 --> 00:14:47,120 Speaker 1: the country, right, you know, all of a sudden I 239 00:14:47,200 --> 00:14:49,840 Speaker 1: disappear for thirty days. Oh now you're gonna have to 240 00:14:49,880 --> 00:14:52,720 Speaker 1: delist your company tomorrow. I mean, all these things are 241 00:14:52,760 --> 00:14:56,520 Speaker 1: a way of just cowing the rest of the population, 242 00:14:57,160 --> 00:15:01,280 Speaker 1: arguably extremely large population, to the terms and condition of 243 00:15:01,320 --> 00:15:03,360 Speaker 1: the Chinese Communist Party. And I would just say we 244 00:15:03,400 --> 00:15:07,440 Speaker 1: should use his his real title, which is Secretary of 245 00:15:07,480 --> 00:15:10,480 Speaker 1: the Chinese Communist Party. That is the most powerful job 246 00:15:10,560 --> 00:15:14,880 Speaker 1: in China. It's not some state leadership role. It's the 247 00:15:14,920 --> 00:15:17,480 Speaker 1: Communist Party and that's what they are, and that's how 248 00:15:17,480 --> 00:15:21,200 Speaker 1: they're managing the country. And we should not kid ourselves 249 00:15:21,600 --> 00:15:24,720 Speaker 1: that we have a situation where we are not already 250 00:15:24,800 --> 00:15:29,120 Speaker 1: in a very difficult environment that's only gonna get worse 251 00:15:29,320 --> 00:15:33,200 Speaker 1: over time because the Chinese Communist Party does not share 252 00:15:33,200 --> 00:15:35,480 Speaker 1: our hopes and dreams of the world in a rule 253 00:15:35,480 --> 00:15:38,840 Speaker 1: based society. Well, I'm sure this story today didn't make 254 00:15:38,880 --> 00:15:42,680 Speaker 1: things any any better for them. As Merrick Garland left 255 00:15:42,760 --> 00:15:44,600 Speaker 1: us all waiting, he showed up over a half hour 256 00:15:44,720 --> 00:15:47,320 Speaker 1: late for this announcement. You've got the podium set up 257 00:15:47,320 --> 00:15:50,480 Speaker 1: of the d O j H. The flags are up wondering, well, 258 00:15:50,520 --> 00:15:52,520 Speaker 1: what is this going to be? As the U. S 259 00:15:52,680 --> 00:15:56,840 Speaker 1: N Seals charges claiming to Chinese intelligence officers tried to 260 00:15:56,920 --> 00:16:02,480 Speaker 1: obstruct a criminal investigation into Huawei, others allegedly working on 261 00:16:02,520 --> 00:16:05,040 Speaker 1: behalf of a foreign power. As he said that he 262 00:16:05,120 --> 00:16:08,280 Speaker 1: was not specifical though details, you know, we filled in 263 00:16:08,320 --> 00:16:11,600 Speaker 1: some of the blanks later, trying to procure technology and 264 00:16:11,640 --> 00:16:15,280 Speaker 1: recruit spies. Listen to the Attorney General again. The complaint 265 00:16:15,280 --> 00:16:19,640 Speaker 1: alleges that in the defendants directed an employee at a 266 00:16:19,800 --> 00:16:25,320 Speaker 1: US government law enforcement agency to steal confidential information about 267 00:16:25,360 --> 00:16:30,120 Speaker 1: the United States criminal prosecution of the company. The defendants 268 00:16:30,160 --> 00:16:33,280 Speaker 1: believed that they had recruited the U S employee as 269 00:16:33,280 --> 00:16:37,120 Speaker 1: an asset, but in fact the individual they recruited was 270 00:16:37,160 --> 00:16:40,640 Speaker 1: actually a double agent working on behalf of the FBI. 271 00:16:41,160 --> 00:16:44,640 Speaker 1: Something out of a bad movie. Chris Ray, the FBI director, 272 00:16:44,760 --> 00:16:51,240 Speaker 1: said again, ten of the thirteen charged were Chinese intelligence operatives. Genie, 273 00:16:51,320 --> 00:16:54,520 Speaker 1: this was already going on. What do we expect now 274 00:16:54,560 --> 00:16:59,160 Speaker 1: that there's there's just no one to check yeah, no 275 00:16:59,200 --> 00:17:01,960 Speaker 1: one to check in. He is unrivaled in his power, 276 00:17:02,120 --> 00:17:04,320 Speaker 1: and as you know DJJ said, we are in a 277 00:17:04,440 --> 00:17:08,040 Speaker 1: second Cold War. Just listening to that and the statement today, 278 00:17:08,440 --> 00:17:10,919 Speaker 1: it did, you know, sort of remind you of the 279 00:17:10,960 --> 00:17:13,280 Speaker 1: Cold War itself. That's what it sounded like. And it 280 00:17:13,400 --> 00:17:15,440 Speaker 1: was just a few days ago. A week ago, Joe 281 00:17:15,440 --> 00:17:19,000 Speaker 1: Biden said, we are entering a decisive decade of rivalry 282 00:17:19,119 --> 00:17:21,119 Speaker 1: with China, and that is what we're facing. And I 283 00:17:21,160 --> 00:17:23,280 Speaker 1: think the real hope for the United States has got 284 00:17:23,280 --> 00:17:27,880 Speaker 1: to be that that rivalry doesn't become violent. And that's 285 00:17:27,880 --> 00:17:31,280 Speaker 1: where I go back to the constitutional changes, which say 286 00:17:31,320 --> 00:17:35,280 Speaker 1: for the most part that they will take you know, action, 287 00:17:35,400 --> 00:17:39,320 Speaker 1: military action if Taiwan is threatened, and that is a 288 00:17:39,359 --> 00:17:42,000 Speaker 1: real challenge for the United States and the Western world. 289 00:17:42,359 --> 00:17:45,240 Speaker 1: Pretty amazing spending time with our signature panel, Rick and 290 00:17:45,320 --> 00:17:48,879 Speaker 1: Jennie and I guess, another historic day in Britain, although 291 00:17:48,880 --> 00:17:52,600 Speaker 1: they're feeling less historic every time this happens. Uh gosh, 292 00:17:52,600 --> 00:17:55,199 Speaker 1: what are we fifty days out from the start of 293 00:17:55,240 --> 00:18:01,280 Speaker 1: the Trust's uh guess tenure and Rich Sunac it all 294 00:18:01,320 --> 00:18:03,480 Speaker 1: came together this morning, Rick, I guess the question that 295 00:18:03,520 --> 00:18:06,000 Speaker 1: I have is not what is our relationship going to 296 00:18:06,080 --> 00:18:07,879 Speaker 1: be like with Rischie Sunak? But they've got it. They 297 00:18:07,880 --> 00:18:10,239 Speaker 1: need time over there to put things together as we 298 00:18:10,320 --> 00:18:12,840 Speaker 1: rely on each other to help support the war in 299 00:18:12,960 --> 00:18:15,760 Speaker 1: Ukraine and push back on countries like China. Does this 300 00:18:15,840 --> 00:18:18,560 Speaker 1: make it harder for the US? Uh No, I mean 301 00:18:19,240 --> 00:18:22,159 Speaker 1: the nature of the trans atlantic alliance with the US, 302 00:18:22,680 --> 00:18:26,280 Speaker 1: Great Britain and in other parts of Europe probably has 303 00:18:26,320 --> 00:18:30,199 Speaker 1: not been at it's this good in in twenty five years, right, 304 00:18:30,280 --> 00:18:34,280 Speaker 1: And one thing Russia has done is it's united our allies, 305 00:18:34,359 --> 00:18:38,080 Speaker 1: and so institutionally, I would say that we stand in 306 00:18:38,080 --> 00:18:41,399 Speaker 1: a very good position with the UK uh Rishi Sunach. 307 00:18:41,440 --> 00:18:44,360 Speaker 1: The new Prime Minister adds stability to that and that 308 00:18:44,400 --> 00:18:47,920 Speaker 1: makes it only stronger. He meets the King tomorrow, it'll 309 00:18:47,960 --> 00:18:50,960 Speaker 1: be official and we'll talk about it more than our 310 00:18:51,000 --> 00:18:53,480 Speaker 1: signature panel is here for the hour. I'm Joe Matthew, 311 00:18:53,840 --> 00:18:59,040 Speaker 1: American Politics. Next, this is Bloomberg. Great story on the 312 00:18:59,119 --> 00:19:05,360 Speaker 1: terminal New Jersey, Pennsylvania Geofe House hopefuls batter Democrats on economy. 313 00:19:05,600 --> 00:19:08,160 Speaker 1: Eric Wasson with the byline. We talked so much about 314 00:19:08,200 --> 00:19:11,720 Speaker 1: the big Senate races, the big governor's races, but it 315 00:19:11,840 --> 00:19:15,360 Speaker 1: is the House of course that Democrats look most at 316 00:19:15,480 --> 00:19:20,479 Speaker 1: risk of losing. And as we consider this idea that 317 00:19:20,640 --> 00:19:23,480 Speaker 1: Eric lays out even in the headline, you can talk 318 00:19:23,520 --> 00:19:27,000 Speaker 1: about Roe v. Wade, you can talk about crime. But 319 00:19:27,080 --> 00:19:29,480 Speaker 1: the economy, of course, has turned out to be issue 320 00:19:29,560 --> 00:19:33,399 Speaker 1: number one with really just so many voters, and it 321 00:19:33,520 --> 00:19:38,119 Speaker 1: leaves Democrats and what I should say, independence like Bernie 322 00:19:38,200 --> 00:19:42,399 Speaker 1: Sanders on a Sunday morning asking questions like this on 323 00:19:42,520 --> 00:19:46,040 Speaker 1: meat the press listen. What are the Republicans response to inflation? 324 00:19:46,359 --> 00:19:48,360 Speaker 1: What do they want to do? Well, maybe they want 325 00:19:48,359 --> 00:19:51,280 Speaker 1: to cut wages for workers. Do they want to raise 326 00:19:51,320 --> 00:19:54,040 Speaker 1: the minimum wage? No they don't. So I think it's 327 00:19:54,080 --> 00:19:56,600 Speaker 1: important to take the attack to the Republicans. What do 328 00:19:56,680 --> 00:19:59,560 Speaker 1: they want to do other than complaint? What bottom line 329 00:19:59,720 --> 00:20:03,000 Speaker 1: is you cannot cause social security, Medicare, and medicaid, which 330 00:20:03,040 --> 00:20:06,240 Speaker 1: is what they want to do. But Eric writes, from 331 00:20:06,240 --> 00:20:10,600 Speaker 1: hard scrabble mining communities to affluent New Jersey suburbs, Republican 332 00:20:10,640 --> 00:20:14,359 Speaker 1: attacks on the economy are forcing Democratic House candidates and 333 00:20:14,520 --> 00:20:17,400 Speaker 1: must win Northeast districts to confront an issue that has 334 00:20:17,440 --> 00:20:21,560 Speaker 1: bedeviled them. And by the way, you know, dog chasing 335 00:20:21,640 --> 00:20:24,679 Speaker 1: car whatever. It will be up to Republicans to do 336 00:20:24,760 --> 00:20:28,159 Speaker 1: something about this, or at least provide a viable argument 337 00:20:28,240 --> 00:20:30,000 Speaker 1: if they do win the House, because we have been 338 00:20:30,000 --> 00:20:33,320 Speaker 1: hearing that seven thousand I R. S Agents is the 339 00:20:33,320 --> 00:20:37,000 Speaker 1: answer here. They haven't even all been hired. Eric is 340 00:20:37,040 --> 00:20:39,919 Speaker 1: with us now, and I'm curious your thoughts on this, Eric, 341 00:20:39,920 --> 00:20:42,880 Speaker 1: because you've actually been out reporting here. Does anything come 342 00:20:42,920 --> 00:20:45,960 Speaker 1: close to the economy and into that end, did Democrats 343 00:20:46,000 --> 00:20:49,440 Speaker 1: miss a huge opportunity by leaning on the Dobbs decision 344 00:20:49,920 --> 00:20:53,320 Speaker 1: when they had some momentum over the summer. Well, I 345 00:20:53,320 --> 00:20:55,160 Speaker 1: don't think they missed. I mean they were I think 346 00:20:55,160 --> 00:20:57,000 Speaker 1: they peaked a little bit early, you know, the decision 347 00:20:57,040 --> 00:20:59,399 Speaker 1: that came come later. Perhaps the timing would have been 348 00:20:59,400 --> 00:21:01,760 Speaker 1: in their favor. But but clearly the winds have shifted 349 00:21:01,800 --> 00:21:04,440 Speaker 1: back towards the economy. And when I saw in these races, 350 00:21:04,520 --> 00:21:07,480 Speaker 1: I followed Tom Malinowski and Tom Keene j here New Jersey, 351 00:21:07,520 --> 00:21:11,959 Speaker 1: Susan Wild against Lisa Scheller in Pennsylvania, Matt Cartwright against 352 00:21:12,040 --> 00:21:15,960 Speaker 1: Jim Bognett also in Scranton, Pennsylvania, and the economic argument. 353 00:21:16,000 --> 00:21:19,280 Speaker 1: The Democrats are now really fully engaged on the economic arguments, 354 00:21:19,280 --> 00:21:22,159 Speaker 1: are trying to poke holes in the and the GPS. 355 00:21:22,200 --> 00:21:24,720 Speaker 1: What's really a lack of concrete plans? You know, I 356 00:21:24,800 --> 00:21:28,520 Speaker 1: chased Tom kine and out a holiday inn in Eugene Clark, 357 00:21:28,600 --> 00:21:30,560 Speaker 1: New Jersey, trying to find out what is the X, 358 00:21:30,680 --> 00:21:33,679 Speaker 1: what spending is actually gonna cut to flight instlation. You know, 359 00:21:33,720 --> 00:21:36,879 Speaker 1: they don't really say so there there, the battle is 360 00:21:36,920 --> 00:21:39,600 Speaker 1: now joined on the economy in these districts, but it 361 00:21:39,680 --> 00:21:42,159 Speaker 1: might be too little, too late for the Democrats. So 362 00:21:42,240 --> 00:21:45,320 Speaker 1: the public is a very simple message that Biden, you know, 363 00:21:45,400 --> 00:21:48,159 Speaker 1: caused your prices to go up and and this uh 364 00:21:48,280 --> 00:21:51,679 Speaker 1: you know Democrat helped and and the response to that 365 00:21:51,800 --> 00:21:54,240 Speaker 1: is a very complicated set of you know, we've passed 366 00:21:54,240 --> 00:21:57,400 Speaker 1: some much Stations's gonna take some time to trickle down 367 00:21:57,400 --> 00:22:01,720 Speaker 1: of the economies to the semiconductor uh, you know reductions, 368 00:22:01,840 --> 00:22:04,119 Speaker 1: and the people know what that when we go to 369 00:22:04,119 --> 00:22:07,000 Speaker 1: the holiday, does anyone know what you're talking about? Like 370 00:22:07,040 --> 00:22:09,159 Speaker 1: do you say, hey, how about the chip backs? You know, 371 00:22:09,280 --> 00:22:14,000 Speaker 1: is is that weighing into your decision? How about those semiconductors? Well? 372 00:22:14,320 --> 00:22:16,200 Speaker 1: I think, you know, it depends that that holiday in 373 00:22:16,320 --> 00:22:19,560 Speaker 1: was it was a very educated audience of you know, 374 00:22:19,680 --> 00:22:22,600 Speaker 1: the local gateway Chamber of commerce, and they don't you 375 00:22:22,640 --> 00:22:24,520 Speaker 1: know a lot of people well they said, you know 376 00:22:24,560 --> 00:22:26,480 Speaker 1: a lot of people did say, you know, it's a pandemic, 377 00:22:26,480 --> 00:22:29,560 Speaker 1: it's a global supply chain issue. I think to certain voters, 378 00:22:29,600 --> 00:22:31,800 Speaker 1: you know, I talked to uh, you know, people who 379 00:22:32,119 --> 00:22:35,240 Speaker 1: left the Republican Party or voted you know, another way 380 00:22:35,280 --> 00:22:38,080 Speaker 1: after Trump, and they're sticking with Malanowski and they liked 381 00:22:38,119 --> 00:22:40,320 Speaker 1: his arguments. But even then, and I had this great 382 00:22:40,480 --> 00:22:43,639 Speaker 1: you know, but this one fellow at this Reddington event 383 00:22:44,040 --> 00:22:46,679 Speaker 1: in New Jersey, Steve Foster, and he really reminded me 384 00:22:46,680 --> 00:22:49,760 Speaker 1: of one of those old characters from Mad Menuo goatee fella. 385 00:22:50,000 --> 00:22:51,800 Speaker 1: And he was a former marketing executive. He said, you 386 00:22:51,840 --> 00:22:54,320 Speaker 1: know the problem with Tomlinowski's he doesn't have a twenty 387 00:22:54,359 --> 00:22:57,320 Speaker 1: second story. The opponent has the twenty second pitch, and 388 00:22:57,560 --> 00:23:01,040 Speaker 1: the mal Nawski responses a long list of achievements and 389 00:23:01,119 --> 00:23:03,919 Speaker 1: economic arguments, and it's hard to break through. And I 390 00:23:03,960 --> 00:23:05,960 Speaker 1: think that's where the race is heading. You need the 391 00:23:05,960 --> 00:23:08,119 Speaker 1: twenty second story. If you're gonna get anywhere. You need 392 00:23:08,160 --> 00:23:12,679 Speaker 1: a bumper sticker right er, right? What made you settle 393 00:23:12,720 --> 00:23:16,159 Speaker 1: on these three? Uh, particularly with all three being in 394 00:23:16,160 --> 00:23:19,119 Speaker 1: the northeast. Well, you know they're they've been they were 395 00:23:19,200 --> 00:23:22,239 Speaker 1: rated as toss ups when I conceded the plan, a 396 00:23:22,240 --> 00:23:24,720 Speaker 1: cook clock or report by any think as all as 397 00:23:24,760 --> 00:23:28,720 Speaker 1: other leading you know, political analysts, they're all trending towards 398 00:23:28,760 --> 00:23:31,280 Speaker 1: a lean Republican now, so that they shifted a little bit, 399 00:23:31,560 --> 00:23:35,680 Speaker 1: but they were just the most evenly divided races in 400 00:23:35,680 --> 00:23:38,600 Speaker 1: in that immediate area. And uh an area that I 401 00:23:38,600 --> 00:23:40,680 Speaker 1: know what I'm from the originally from New Jersey, but 402 00:23:40,880 --> 00:23:44,520 Speaker 1: sometimes fromtime in Pennsylvania, uh you know. And it was 403 00:23:44,600 --> 00:23:46,600 Speaker 1: just interesting to me to see how the wind would 404 00:23:46,640 --> 00:23:49,439 Speaker 1: blow from a from a toss up perspective and words 405 00:23:49,480 --> 00:23:51,440 Speaker 1: heading now. So it was a good way to illustrate 406 00:23:51,880 --> 00:23:54,120 Speaker 1: where the trends were going. It's great work. Is we'll 407 00:23:54,119 --> 00:23:56,520 Speaker 1: point everyone again to the terminal for a look for 408 00:23:56,640 --> 00:24:01,000 Speaker 1: Eric Wasson and the story that will be specific, but 409 00:24:01,080 --> 00:24:03,639 Speaker 1: also I don't know, it opened my eyes to the 410 00:24:03,760 --> 00:24:05,600 Speaker 1: nation a little bit. Here you can look at this 411 00:24:06,240 --> 00:24:11,800 Speaker 1: race for important toss ups New Jersey, Pennsylvania GOP House 412 00:24:11,840 --> 00:24:16,240 Speaker 1: hopefuls battered Democrats on economy. Eric, thanks and come back 413 00:24:16,280 --> 00:24:18,159 Speaker 1: and talk to us soon. On sound on. A lot 414 00:24:18,200 --> 00:24:21,919 Speaker 1: of people were listening to the former president over the weekend. 415 00:24:22,000 --> 00:24:24,320 Speaker 1: Here is this is the other thing you hear about 416 00:24:24,320 --> 00:24:27,280 Speaker 1: on the campaign trail, not just the economy, but also 417 00:24:28,520 --> 00:24:34,399 Speaker 1: voter security and the viability of our electoral system and 418 00:24:34,440 --> 00:24:38,800 Speaker 1: Donald Trump is really not helping do instill confidence. Listen 419 00:24:38,880 --> 00:24:42,000 Speaker 1: to him in Texas from Saturday night, paper ballance the 420 00:24:42,000 --> 00:24:44,240 Speaker 1: old fashioned way. That's the way you're gonna stop Would 421 00:24:44,240 --> 00:24:45,840 Speaker 1: you agree with that, Mike. That's the way you're gonna 422 00:24:45,840 --> 00:24:50,040 Speaker 1: stop it. It's the only way. We don't need satellites 423 00:24:50,359 --> 00:24:53,400 Speaker 1: sending the signals all over the place. Somebody votes. Let's 424 00:24:53,400 --> 00:24:56,840 Speaker 1: say I'm gonna vote for Trump. I love Trump, I'm 425 00:24:56,840 --> 00:24:59,800 Speaker 1: gonna vote for Trump. Trump being being biggles all over 426 00:24:59,840 --> 00:25:03,520 Speaker 1: the world. Bob comes back by, how did that happen? Well, 427 00:25:03,560 --> 00:25:05,679 Speaker 1: I'm not sure that is how that happened. Are we 428 00:25:05,720 --> 00:25:08,920 Speaker 1: still doing the satellites? And do they make a bing 429 00:25:09,000 --> 00:25:11,760 Speaker 1: bing sound? Will reassemble the panel coming up next year. 430 00:25:11,880 --> 00:25:14,879 Speaker 1: Rick Davis and Jeannie Chanzano make our signature panel in 431 00:25:14,920 --> 00:25:17,919 Speaker 1: there next on the Fastest Hour in Politics. Got a 432 00:25:17,920 --> 00:25:20,200 Speaker 1: lot to cover the markets after hours to Charlie Palett, 433 00:25:20,240 --> 00:25:23,000 Speaker 1: will take her. That will do traffic and markets with 434 00:25:23,119 --> 00:25:26,840 Speaker 1: much more ahead. There was actually another fascinating debate. I 435 00:25:26,880 --> 00:25:30,960 Speaker 1: have to show you Gavin Newsom getting down to it, 436 00:25:32,240 --> 00:25:36,040 Speaker 1: and we'll bring you inside that Donald Trump rally in Texas. 437 00:25:36,160 --> 00:25:42,560 Speaker 1: This is Bloomberg. You're listening to Bloomberg Sound On with 438 00:25:42,640 --> 00:25:47,840 Speaker 1: Joe Matthew on Bloombird Radio. Donald Trump is, of course, 439 00:25:47,880 --> 00:25:52,240 Speaker 1: not the only Republicans saying the election was stolen. In fact, 440 00:25:52,800 --> 00:25:55,639 Speaker 1: few are saying it louder than Carry Lake, the nominee 441 00:25:55,640 --> 00:26:00,320 Speaker 1: for governor of Arizona. She sat down with ABC's Jonathan Hall. 442 00:26:00,480 --> 00:26:03,639 Speaker 1: Most of what they discussed was election fraud. Listen, you 443 00:26:03,680 --> 00:26:07,320 Speaker 1: said that there were seven forty thousand ballots with no 444 00:26:07,400 --> 00:26:10,760 Speaker 1: chain of custody. Those ballots shouldn't have been counted. Are 445 00:26:10,800 --> 00:26:12,960 Speaker 1: you really saying you would throw out the ballots of 446 00:26:13,000 --> 00:26:18,840 Speaker 1: seven hundred forty thousands, quarters of a Millionairezonans. Seven ballots 447 00:26:18,920 --> 00:26:22,560 Speaker 1: violated chain of custody requirements in Merricopa County. I mean, 448 00:26:22,560 --> 00:26:25,520 Speaker 1: first of all, it's it's not true. I mean, Amercopa 449 00:26:25,600 --> 00:26:31,159 Speaker 1: County board of Supervisors put one page report that is 450 00:26:31,200 --> 00:26:35,320 Speaker 1: a fact. To check your facts, check your facts. And 451 00:26:35,359 --> 00:26:37,359 Speaker 1: of course John Carl sitting there saying, but we did 452 00:26:37,840 --> 00:26:42,000 Speaker 1: just and why would she sit down with John Carl? 453 00:26:42,200 --> 00:26:45,000 Speaker 1: Of course she knew that's all they talk about. But 454 00:26:45,119 --> 00:26:47,560 Speaker 1: it doesn't matter, right, Well, it doesn't seem to matter 455 00:26:48,400 --> 00:26:51,560 Speaker 1: politically speaking, whether you know wins losses, not principal here, 456 00:26:51,600 --> 00:26:54,480 Speaker 1: she's leading the race, not by a lot. Real clear 457 00:26:54,520 --> 00:26:56,359 Speaker 1: has rough though by one and a half. Five thirty 458 00:26:56,400 --> 00:26:58,840 Speaker 1: eight has her up by what one point one I'm reading, 459 00:27:00,240 --> 00:27:03,080 Speaker 1: And so let's reassemble the panel for more on this idea. 460 00:27:03,160 --> 00:27:07,320 Speaker 1: Rick Davis, of course, an expert on Arizona politics, Bloomberg 461 00:27:07,359 --> 00:27:12,560 Speaker 1: Politics contributor, joined by Genie Schanzano, Bloomberg Politics contributor to 462 00:27:12,600 --> 00:27:15,320 Speaker 1: Democratic Analysts. It's uh, I guess she's just kind of 463 00:27:15,359 --> 00:27:17,720 Speaker 1: saying what a lot of voters want to hear, right, Rick, 464 00:27:17,800 --> 00:27:21,080 Speaker 1: But she says it so convincingly, uh, and and does 465 00:27:21,119 --> 00:27:23,960 Speaker 1: it with such a straight face that she seems to 466 00:27:23,960 --> 00:27:26,240 Speaker 1: actually do a better job than Donald Trump sometimes making 467 00:27:26,280 --> 00:27:28,960 Speaker 1: this argument, Well, she's very good at what she does, 468 00:27:29,480 --> 00:27:31,840 Speaker 1: and you're right, she is talking to a certain audience, 469 00:27:32,040 --> 00:27:35,520 Speaker 1: her audience. She's she didn't really care about Jonathan Carl's audience. 470 00:27:35,880 --> 00:27:39,560 Speaker 1: She's she's channeling her group, and she's given them instructions 471 00:27:39,560 --> 00:27:42,880 Speaker 1: and she's educating them in the way that she feels. Uh, 472 00:27:42,920 --> 00:27:46,840 Speaker 1: they'll believe her, right, regardless of what the Jonathan Carl 473 00:27:47,040 --> 00:27:50,120 Speaker 1: Carl's fact checking might do. Because we've learned in this 474 00:27:50,240 --> 00:27:53,720 Speaker 1: age that you know, her vote is gonna get its 475 00:27:53,760 --> 00:27:58,560 Speaker 1: information from certain news sources, and her opponents voters are 476 00:27:58,560 --> 00:28:01,720 Speaker 1: gonna get there's from other news versus and and it 477 00:28:01,760 --> 00:28:03,800 Speaker 1: really doesn't matter what the truth is to a lot 478 00:28:03,800 --> 00:28:06,800 Speaker 1: of these voters. They care what they're their leaders are 479 00:28:06,800 --> 00:28:09,000 Speaker 1: telling them, and they're going to go to war with them. 480 00:28:09,160 --> 00:28:13,920 Speaker 1: And so, uh, she's doing exactly what the script dictates 481 00:28:13,960 --> 00:28:17,160 Speaker 1: these days in a in a heavily polarized environment. Uh, 482 00:28:17,160 --> 00:28:19,040 Speaker 1: this is exactly what she needs to do to get 483 00:28:19,080 --> 00:28:22,040 Speaker 1: a Republican fired up. Could a Republican win in Arizona 484 00:28:22,080 --> 00:28:26,720 Speaker 1: without that line? Republicans won in Arizona historically without that line, 485 00:28:26,800 --> 00:28:29,760 Speaker 1: So well, sure, this is these are weird days. That's 486 00:28:29,800 --> 00:28:32,399 Speaker 1: weird days, and and and it's different politics than it 487 00:28:32,560 --> 00:28:35,879 Speaker 1: that it is. But she's she's she's doing exactly what 488 00:28:35,960 --> 00:28:38,400 Speaker 1: she needs to be able to overcome a deficit that 489 00:28:38,520 --> 00:28:41,520 Speaker 1: she was in and win the election. So uh, it's 490 00:28:41,880 --> 00:28:44,240 Speaker 1: you know, you and I are we we can't believe 491 00:28:44,240 --> 00:28:46,480 Speaker 1: people go out and just say things they know are lies, 492 00:28:46,680 --> 00:28:49,720 Speaker 1: but we've we've kind of gotten used to that after 493 00:28:50,120 --> 00:28:52,440 Speaker 1: you know, well, yes, six years of Donald Trump, Sure 494 00:28:52,480 --> 00:28:54,960 Speaker 1: we have So what's the democratic response to this in 495 00:28:54,960 --> 00:28:57,800 Speaker 1: a race like this, Genie not you know, not Joe 496 00:28:57,840 --> 00:29:00,960 Speaker 1: Biden speaking from Washington, but you're talking to people in Arizona, 497 00:29:01,480 --> 00:29:03,680 Speaker 1: and you have to convince them that this former news 498 00:29:03,760 --> 00:29:07,920 Speaker 1: anchor who looks lapart speaks convincingly doesn't know what she's 499 00:29:07,920 --> 00:29:11,800 Speaker 1: talking about. Yeah, and let's talk about the facts. Um, 500 00:29:11,920 --> 00:29:14,880 Speaker 1: you know what are we hearing. Just look out at Arizona. 501 00:29:14,920 --> 00:29:17,320 Speaker 1: At least two voters in the last few days had 502 00:29:17,320 --> 00:29:23,320 Speaker 1: filed complaints for voter intimidation, saying people with camouflage and weapons. 503 00:29:23,440 --> 00:29:27,880 Speaker 1: We their videos are all over social media exactly. And 504 00:29:27,880 --> 00:29:30,720 Speaker 1: and and also let's look at what we are hearing 505 00:29:30,880 --> 00:29:34,880 Speaker 1: about the kind of pressure that poll workers and election 506 00:29:34,920 --> 00:29:38,000 Speaker 1: workers are under, who are being harassed daily as they 507 00:29:38,000 --> 00:29:40,840 Speaker 1: come to work. And you know, you want to respond 508 00:29:40,880 --> 00:29:43,720 Speaker 1: to people like Carrie Lake, You've got to say that 509 00:29:43,840 --> 00:29:48,800 Speaker 1: her language, her claims, Donald Trump's language and complaints, they 510 00:29:48,800 --> 00:29:54,960 Speaker 1: are absolutely inciting this kind of behavior. Leadership matters, Responsible 511 00:29:55,160 --> 00:29:59,120 Speaker 1: leadership matters, And you can't be out there making these 512 00:29:59,200 --> 00:30:02,000 Speaker 1: kinds of false claims because the next step is going 513 00:30:02,080 --> 00:30:05,480 Speaker 1: to be, unfortunately violence. And we look at the studies 514 00:30:05,760 --> 00:30:07,960 Speaker 1: and that's what we are seeing. There are people in 515 00:30:07,960 --> 00:30:11,040 Speaker 1: the United States who believe the only answer to their 516 00:30:11,080 --> 00:30:14,040 Speaker 1: elections quote unquote being stolen is to take them back 517 00:30:14,080 --> 00:30:17,120 Speaker 1: by violence. Hence these vigilantes. That's the danger of what 518 00:30:17,160 --> 00:30:19,760 Speaker 1: they're doing. I know they want to win, but you've 519 00:30:19,760 --> 00:30:22,640 Speaker 1: got to tell voters this win at all cost mentality 520 00:30:22,840 --> 00:30:25,840 Speaker 1: is going to get us into a very violent situation 521 00:30:25,960 --> 00:30:28,959 Speaker 1: come election day. Sometimes I wonder if some voters want 522 00:30:29,000 --> 00:30:30,400 Speaker 1: to see that. This, of course, comes with a lot 523 00:30:30,440 --> 00:30:33,160 Speaker 1: of different flavors. Remember the Don Baldock like the day 524 00:30:33,200 --> 00:30:36,000 Speaker 1: after you on the primary. No, I've just I've done 525 00:30:36,000 --> 00:30:39,840 Speaker 1: my homework. Nobody stole the election. Then you get you 526 00:30:39,920 --> 00:30:43,240 Speaker 1: get guys like Bryan Dolly, the Republican state senator in 527 00:30:43,280 --> 00:30:46,960 Speaker 1: California who wants to be governors up against Governor Gavin Newsom, 528 00:30:47,000 --> 00:30:49,520 Speaker 1: who I don't think it's any danger of losing here. 529 00:30:49,960 --> 00:30:52,440 Speaker 1: But they sat for a debate and uh, and you know, 530 00:30:52,440 --> 00:30:55,120 Speaker 1: he was asked directly about Joe Biden winning the election. 531 00:30:55,160 --> 00:30:58,640 Speaker 1: He tried to give him a joke and oh my god, 532 00:30:58,640 --> 00:31:02,600 Speaker 1: this thing bombed. Listen, Joe Biden legitimately win the election 533 00:31:02,640 --> 00:31:05,960 Speaker 1: against sal Trump. Yeah, actually he did win the election. 534 00:31:06,080 --> 00:31:08,040 Speaker 1: That the big questions is that he does he know that. 535 00:31:08,040 --> 00:31:10,240 Speaker 1: That's That's what I wonder sometimes. But I want to 536 00:31:10,280 --> 00:31:15,920 Speaker 1: talk about about he being who Joe Biden? What do 537 00:31:15,920 --> 00:31:18,440 Speaker 1: you mean by that? Well, I I yes, I agree 538 00:31:18,440 --> 00:31:21,080 Speaker 1: that he won the election, But I wonder sometimes if 539 00:31:21,080 --> 00:31:23,400 Speaker 1: he actually realizes that he's president of the United States. 540 00:31:26,920 --> 00:31:29,800 Speaker 1: Of course he understands he's president Nited States. He's gotta 541 00:31:29,800 --> 00:31:32,400 Speaker 1: be rough. You think he got something? You got? I 542 00:31:32,440 --> 00:31:34,520 Speaker 1: got a zinger in my pocket. Wait till they ask 543 00:31:34,600 --> 00:31:37,280 Speaker 1: me if he won the election. But look, that does 544 00:31:37,760 --> 00:31:40,680 Speaker 1: that does bring us to another matter, as he's alluding 545 00:31:40,720 --> 00:31:44,840 Speaker 1: to here, and that is President Biden's physical fitness. He's 546 00:31:44,840 --> 00:31:46,960 Speaker 1: about to turn eighty. He was asked about it in 547 00:31:46,960 --> 00:31:50,320 Speaker 1: a in another interview on MSNBC over the weekend, and 548 00:31:50,360 --> 00:31:52,360 Speaker 1: he likes to say, Rick, you know, watch me try 549 00:31:52,400 --> 00:31:54,560 Speaker 1: to do my routine. You know, dude, I'll meet you 550 00:31:54,600 --> 00:31:57,040 Speaker 1: at the gym tomorrow morning. That type of thing. But 551 00:31:57,080 --> 00:31:59,880 Speaker 1: we're gonna be hearing more and more about this. Listen 552 00:32:00,000 --> 00:32:05,240 Speaker 1: to Ronnie Jackson at that Donald Trump rally, uh in Texas. Now, look, 553 00:32:05,320 --> 00:32:08,720 Speaker 1: Ronnie Jackson's had his own scandals here. Uh. He never 554 00:32:08,760 --> 00:32:10,960 Speaker 1: got to run the v A as Donald Trump wanted 555 00:32:11,000 --> 00:32:14,280 Speaker 1: him to. He was known for, at least we understand, 556 00:32:14,360 --> 00:32:19,760 Speaker 1: reportedly being liberal with his his use of certain medications 557 00:32:19,800 --> 00:32:22,760 Speaker 1: for White House staff. But remember he was the man 558 00:32:22,840 --> 00:32:26,120 Speaker 1: who was known for declaring Donald Trump the healthiest president 559 00:32:26,160 --> 00:32:28,920 Speaker 1: of all time, and he decided to go for it 560 00:32:28,960 --> 00:32:31,800 Speaker 1: with Joe Biden. Now this is a This was a doctor, right. 561 00:32:31,840 --> 00:32:34,600 Speaker 1: Listen to Ronnie Jackson. I think I'm one of the 562 00:32:34,640 --> 00:32:36,680 Speaker 1: few people that have the background where I could speak 563 00:32:36,680 --> 00:32:39,840 Speaker 1: intelligently about this. I know what it takes physically and 564 00:32:39,880 --> 00:32:42,680 Speaker 1: mentally to be the president United States, and I'm here 565 00:32:42,720 --> 00:32:46,240 Speaker 1: to tell you today I'm making a medical determination. Joseph 566 00:32:46,280 --> 00:32:50,640 Speaker 1: Biden does not have what it takes to be our president. Okay, 567 00:32:50,640 --> 00:32:54,120 Speaker 1: this is a physician, a retired Navy rear admiral, now 568 00:32:54,160 --> 00:32:56,920 Speaker 1: a member of Congress. And I started his President of 569 00:32:57,000 --> 00:32:59,760 Speaker 1: the doctor of the president for crying out loud and 570 00:32:59,760 --> 00:33:02,080 Speaker 1: I okay, unfit. Maybe you know, maybe he means that 571 00:33:02,120 --> 00:33:04,760 Speaker 1: in terms of politics, whatever, No, he kept going here again, 572 00:33:04,960 --> 00:33:07,960 Speaker 1: is Jackson? This man is confused. He doesn't know where 573 00:33:07,960 --> 00:33:10,000 Speaker 1: he's at, he doesn't know what he's doing, he doesn't 574 00:33:10,040 --> 00:33:12,960 Speaker 1: know what office he's running for. He shuffles when he walks, 575 00:33:13,040 --> 00:33:16,400 Speaker 1: he slurs his speech, He stares blankly off into nowhere. 576 00:33:17,040 --> 00:33:20,360 Speaker 1: This isn't this is a problem, Genie, that's a doctor, 577 00:33:20,400 --> 00:33:22,960 Speaker 1: and I realized it's a partisan one. But does the 578 00:33:22,960 --> 00:33:24,720 Speaker 1: White House need to be a little more forceful on 579 00:33:24,720 --> 00:33:29,600 Speaker 1: this issue? No? You know, this is Ronnie Jackson playing, 580 00:33:29,720 --> 00:33:33,640 Speaker 1: you know, Ronnie Jackson before the Donald Trump crowd, trying 581 00:33:33,680 --> 00:33:37,840 Speaker 1: to rally that crowd. He's probably able to do it successfully. 582 00:33:37,880 --> 00:33:40,360 Speaker 1: But anybody listening to this, No, this is not the 583 00:33:40,440 --> 00:33:43,720 Speaker 1: language of a responsible physician, and Ronnie Jackson has never 584 00:33:43,760 --> 00:33:46,200 Speaker 1: been seen, at least in the last several years, as 585 00:33:46,240 --> 00:33:49,640 Speaker 1: a responsible physician. Joe Biden knows age is an issue 586 00:33:49,680 --> 00:33:52,800 Speaker 1: the Biden administration does as well, and it's something they're 587 00:33:52,800 --> 00:33:55,320 Speaker 1: going to have to address after the midterm elections. How 588 00:33:55,320 --> 00:33:58,760 Speaker 1: does the White House manage this beyond what it's doing, Rick, 589 00:33:58,840 --> 00:34:01,000 Speaker 1: or do they just you know, get the president up 590 00:34:01,000 --> 00:34:02,600 Speaker 1: and out of bed and working every day, do it 591 00:34:02,640 --> 00:34:06,280 Speaker 1: by by showing what can be done. No, that's exactly right, Joe. 592 00:34:06,360 --> 00:34:08,400 Speaker 1: There's no way you want to get into war words 593 00:34:08,440 --> 00:34:10,680 Speaker 1: with the Ronnie Jackson's of the world, and so just 594 00:34:10,760 --> 00:34:12,520 Speaker 1: you know, do the job, get up in the morning, 595 00:34:12,560 --> 00:34:16,080 Speaker 1: as you say, and uh, show that you are able to, 596 00:34:16,360 --> 00:34:18,719 Speaker 1: uh to to do the job of president United States. 597 00:34:18,800 --> 00:34:21,680 Speaker 1: And and the reality is, uh, there's nothing he can 598 00:34:21,719 --> 00:34:25,000 Speaker 1: do about his age, right, and it won't go away 599 00:34:25,000 --> 00:34:27,839 Speaker 1: as an issue, because at least he hopes not, because 600 00:34:28,120 --> 00:34:30,640 Speaker 1: anything that happens if you don't get any older is 601 00:34:30,640 --> 00:34:34,080 Speaker 1: you're you're we're holding the funeral. So coming. The reality 602 00:34:34,200 --> 00:34:37,080 Speaker 1: is this is this is he's got to face the music. 603 00:34:37,120 --> 00:34:39,920 Speaker 1: And there's nobody that I'm aware of in politics who 604 00:34:39,960 --> 00:34:42,239 Speaker 1: thinks it's a great idea for someone who's gonna be 605 00:34:42,239 --> 00:34:44,319 Speaker 1: eighty years old to be running for president. And so 606 00:34:44,920 --> 00:34:47,719 Speaker 1: you know, it's just it's a common sense. But in 607 00:34:47,760 --> 00:34:50,439 Speaker 1: the world that we live in and the politics of 608 00:34:50,480 --> 00:34:53,720 Speaker 1: trying to stay relevant and not become a lame duck um, 609 00:34:53,760 --> 00:34:56,719 Speaker 1: you know, this administration is torn into this, this this 610 00:34:56,840 --> 00:34:59,160 Speaker 1: effort to try and show that he still potentially may 611 00:34:59,280 --> 00:35:02,279 Speaker 1: run for president when he decides, if he decides not 612 00:35:02,400 --> 00:35:05,279 Speaker 1: to run, all this goes away, it vanishes, it does 613 00:35:05,480 --> 00:35:08,759 Speaker 1: no longer become an issue. And and so it is 614 00:35:08,760 --> 00:35:12,000 Speaker 1: a very transient thing, almost like what they thought inflation 615 00:35:12,080 --> 00:35:15,200 Speaker 1: was going to be. Oh boy, what when when you 616 00:35:15,239 --> 00:35:16,960 Speaker 1: were in the Reagan White House, you think back to 617 00:35:17,040 --> 00:35:22,000 Speaker 1: that time when there were questions about Ron Reagan's health, 618 00:35:22,160 --> 00:35:25,080 Speaker 1: what what lessons did you learn them that you might 619 00:35:25,120 --> 00:35:27,080 Speaker 1: apply now. I mean taking him out of the media 620 00:35:27,080 --> 00:35:30,160 Speaker 1: as I is obviously not the answer. No, And and 621 00:35:30,239 --> 00:35:32,359 Speaker 1: we did that in the Reagan White House. He was 622 00:35:32,440 --> 00:35:34,200 Speaker 1: out of the media I for six months. Could you 623 00:35:34,200 --> 00:35:37,759 Speaker 1: imagine today not having a president given interview for six months? 624 00:35:37,800 --> 00:35:41,640 Speaker 1: You imagine the conspiracy exactly. So, Uh, that didn't work. 625 00:35:41,800 --> 00:35:44,320 Speaker 1: And and so the reality is it never will. The 626 00:35:44,440 --> 00:35:46,279 Speaker 1: president has to be seen by the public as part 627 00:35:46,320 --> 00:35:48,360 Speaker 1: of the deals, part of the compact that he has 628 00:35:48,800 --> 00:35:51,600 Speaker 1: and uh and and in the case of Ron Reagan 629 00:35:52,480 --> 00:35:57,200 Speaker 1: only overcame that by going out and being robust and 630 00:35:57,200 --> 00:36:00,279 Speaker 1: and and and sometimes um, you know, just change in 631 00:36:00,280 --> 00:36:03,239 Speaker 1: the topic. And so the only thing you know is 632 00:36:03,360 --> 00:36:06,680 Speaker 1: getting into a description of the president's health if you're 633 00:36:06,719 --> 00:36:11,120 Speaker 1: the president, is a losing argument. You gotta it's a 634 00:36:11,200 --> 00:36:13,120 Speaker 1: show me kind of thing. I feel like they're not 635 00:36:13,120 --> 00:36:14,960 Speaker 1: going to be able to resist though, Genie. I mean, look, 636 00:36:14,960 --> 00:36:16,520 Speaker 1: you're not going to put him out there. Likely the 637 00:36:16,560 --> 00:36:18,680 Speaker 1: other extreme here would be Vladimir Putin. Right, They're not 638 00:36:18,719 --> 00:36:22,279 Speaker 1: gonna put Joe Biden out topless on the south lawn, uh, 639 00:36:22,400 --> 00:36:25,279 Speaker 1: doing push ups. But you know there's going to be 640 00:36:25,320 --> 00:36:27,960 Speaker 1: a sixty minutes or a something where they shadow him 641 00:36:28,000 --> 00:36:30,320 Speaker 1: on his workout routine. Right, it's got to be coming. 642 00:36:31,000 --> 00:36:33,480 Speaker 1: Oh gosh, you know, they're just the vision you just 643 00:36:33,520 --> 00:36:36,120 Speaker 1: put in my head. You know, is he going to 644 00:36:36,200 --> 00:36:38,960 Speaker 1: be fighting what was put in fighting? A bearer? Right? 645 00:36:39,560 --> 00:36:42,840 Speaker 1: Definitely the horse. I'm going to hope that the Biden 646 00:36:42,880 --> 00:36:45,520 Speaker 1: administration doesn't do that with the President. No. You know, 647 00:36:45,560 --> 00:36:47,719 Speaker 1: what the president has to do is what he's been doing. 648 00:36:47,760 --> 00:36:50,800 Speaker 1: He's got to be out talking to people, the American public, 649 00:36:50,840 --> 00:36:53,760 Speaker 1: about their plans and how they have addressed the problems 650 00:36:53,800 --> 00:36:56,840 Speaker 1: facing America, in particular the economy and inflation. That's what 651 00:36:56,880 --> 00:36:59,640 Speaker 1: they've got to do. Let Ronnie Jackson keep talking, they 652 00:36:59,680 --> 00:37:02,400 Speaker 1: have to respond with facts. We're gonna keep talking here too, 653 00:37:02,440 --> 00:37:04,520 Speaker 1: on the fastest hour in politics because we have the 654 00:37:04,560 --> 00:37:07,400 Speaker 1: smartest panel in the business. Rick Davis and Jeannie Chanzane 655 00:37:07,400 --> 00:37:09,600 Speaker 1: will meet you back here tomorrow. I'm Joe Matthew. This 656 00:37:10,000 --> 00:37:10,640 Speaker 1: is Bloomberg