Speaker 1: Now from our nation's capital. This is Bloomberg Sound On.
Speaker 1: It is the greatest privilege of my life to be
Speaker 1: able to serve the party I love. The roadmap has
Speaker 1: been drawn and the bugle has been sound. J Jimping
Speaker 1: is the most powerful man in the world. Ten of
Speaker 1: the thirteen charged individuals are Chinese intelligence officers and Chinese
Speaker 1: government of Bloomberg Sound On Politics, Policy and Perspective from
Speaker 1: DC's top name, we do not want Joe finds America
Speaker 1: in Texas. I wonder sometimes if he actually realizes that
Speaker 1: he's President of the United States. Of course he recognizes,
Speaker 1: and that's my salt. President Bloomberg Sound On with Joe
Speaker 1: Matthew on Bloomberg Radio. President J. Jimping starts an unprecedented
Speaker 1: third term as Richie Sunac begins his first Welcome to
Speaker 1: the Fastest Hour in politics, as Washington tries to figure
Speaker 1: out what the developments in China and the UK mean
Speaker 1: for the u US going forward. Will be joined by D. J.
Speaker 1: Peterson of long View Advisers about risks brought by a
Speaker 1: changing geo political landscape. Later, just over two weeks to
Speaker 1: the election, Pole showed Democrats sliding into the mid terms
Speaker 1: We're gonna look at three bell weathers with Bloomberg's Eric
Speaker 1: Watson and cover another wild weekend on the trail with
Speaker 1: our signature panel. Bloomberg Politics contributors Genie Chanzano and Rick
Speaker 1: Davis are with us for the hour. Remarkable imagery from
Speaker 1: Beijing over the weekend. As President Chi Jimping made it
Speaker 1: all official. Everyone saw it coming, but now it's real.
Speaker 1: He emerges from China's comedy Communist Party Congress, easy for
Speaker 1: me to say, with an unprecedented third term in a
Speaker 1: much tighter grip. Thousands watched. Did you see this? As
Speaker 1: China's former leader Hu Jintao was unexpectedly escorted out of
Speaker 1: the closing ceremony. Listen, it's not allowed to hear. In fact,
Speaker 1: you could almost hear a pin drop if if it
Speaker 1: were not for all the camera shutters, no one could
Speaker 1: believe it. Media had just been allowed into the room
Speaker 1: when the seventy nine year old former president, sitting directly
Speaker 1: next to President She was approached by a staff member
Speaker 1: and another government official took him by his arm, one
Speaker 1: hand on the back, lifted him out of his chair.
Speaker 1: He was resisting. He spoke with each of them quickly
Speaker 1: as they tried to pull him away, he tried to
Speaker 1: say something to President She before he was in fact
Speaker 1: escorted away. He even tried at one point to touch
Speaker 1: a document that was on the table before President She
Speaker 1: himself covered it with his hand and pulled it away.
Speaker 1: There was no explanation about what happened, and by the way,
Speaker 1: none is expected. All the while, President She installed six
Speaker 1: loyal associates to stand alongside him on the pol Bureau's
Speaker 1: Supreme Standing Committee. Listen as they're introduced here. Now please
Speaker 1: join me in a warm applause to welcome the General
Speaker 1: Secretary and other Political Bureau Standing Committee members. And there
Speaker 1: it is history in the making. When President She spoke
Speaker 1: to this moment in history, as we hear through a
Speaker 1: translator London in King only long journey, one field, with
Speaker 1: glories and dreams. The roadmap has been drawn and the
Speaker 1: bugle has been sounded. We must forge ahead with enterprise
Speaker 1: and the fortitude. The bugle has been sounded. Though the
Speaker 1: White House was not going near this today. Apparently everyone
Speaker 1: was asked about a Press Secretary Karine Jeohn Pierre saying, quote,
Speaker 1: we are not going to comment on internal party politics.
Speaker 1: The PRC, although Bloomberg is now reporting that the White
Speaker 1: House is working on arranging a meeting with She Biden
Speaker 1: and she presumably virtual, but who knows. And that's where
Speaker 1: we start with d J. Peterson, President of Longview Advisors,
Speaker 1: former director for the Eurasia Group, former political analyst at
Speaker 1: Rand Corporate. It's great to have you back, d J. Welcome.
Speaker 1: What does President She mean the bugle has sounded when
Speaker 1: you list take his speech in its entirety, Joe, it
Speaker 1: was really about security, and there was many militaristic references,
Speaker 1: and so the bugle is sounded. It really does I
Speaker 1: think part of that kind of militaristic yea call it was.
Speaker 1: It was quite dramatic. It's a good idea to be
Speaker 1: meeting with President She right now. You know that that's
Speaker 1: a great question that contacts between our two countries, between
Speaker 1: the United States and China are very weak. They're the
Speaker 1: quality of the communications and the dialogue at all levels
Speaker 1: of these two governments is actually historically low. So the
Speaker 1: fact that the leaders are getting together to talk it
Speaker 1: does at least suggest that there's there's possibility for dialogue
Speaker 1: and getting some messages across um. As you know, President
Speaker 1: Biden is all, we professed the importance of having open
Speaker 1: channels of communications, and this is just part of a strategy.
Speaker 1: Will he get what he wants? Will the United States
Speaker 1: be able to advance its agenda? It's not clear. That's
Speaker 1: so then you know what's the point, right? I mean,
Speaker 1: if you if you don't go in there with a
Speaker 1: list of demands that you know will be made good
Speaker 1: or at least a sense of how the thing is
Speaker 1: going to end. Sometimes that's a risky proposition. Well, I
Speaker 1: think there's two things going on here and and and
Speaker 1: most importantly, it's signaling. If she Jing King is meeting
Speaker 1: with the American President, she is ultimately signaling to other
Speaker 1: officials lower down that it is possible to have a communication,
Speaker 1: have dialogue. Um. And that's important. The second is it's theatrics. Um.
Speaker 1: It really is important that the United States be seen
Speaker 1: in global forums as being willing to talk, even if
Speaker 1: the message is not getting across our allies and friends
Speaker 1: and other countries are are are looking for signals that
Speaker 1: the US is a responsible global player. That happened to you, Gentao.
Speaker 1: We're gonna see a picture of him with a newspaper
Speaker 1: in the next couple of days. You know, that's a
Speaker 1: really good question. What is really thank you for your
Speaker 1: detailing kind of that what what what took place on that?
Speaker 1: I was blown, the whole world was. Yeah, it's so
Speaker 1: striking for two reasons. One, the Chinese Communist Party has
Speaker 1: been orchestrating a choreographing this whole event for months. They've
Speaker 1: shut down all kinds of discussion, they delayed their economic
Speaker 1: um report for a week. Um, they really kind of
Speaker 1: put the lid on anything looking bad inside China. And
Speaker 1: then this happens, Like you said, he's sitting right next
Speaker 1: to Um, the chairman of the Communist Party, and it
Speaker 1: happens that one of the crucial moments of the session
Speaker 1: right when they opened the media. So the timing was
Speaker 1: quite impeccable. So this was not an accident though, right,
Speaker 1: I mean that that's a re markable and historic moment.
Speaker 1: They came and dragged the former president out of the room. Yeah,
Speaker 1: it is quite remarkable, and and and and and and
Speaker 1: and seeing discussions along China watchers, you know, there is
Speaker 1: this kind of just kind of head scratching frankly, and
Speaker 1: you know, pour one issue one question is was was
Speaker 1: he did he was he ill He certainly looked quite
Speaker 1: shaken in the moment. And yeah, so it's but the
Speaker 1: fact that he's kind of appealing to the two top officials, um,
Speaker 1: the chairman and then the Prime Minister. It's it's quite dramatic. Yeah,
Speaker 1: the Chinese popular, the populist they're reading this very carefully
Speaker 1: and they're paying a lot of attention d J. Peterson.
Speaker 1: So then when you back off, how meaningful was this
Speaker 1: party Congress for the United States? How much of a
Speaker 1: threat does this does this newly consolidated regime pose, you know, Joe,
Speaker 1: It's it's surprising how little new actually in Still the
Speaker 1: policy line came out with very clear China is going
Speaker 1: to continue. Um, it's great power ambitions, it's it's ambitions
Speaker 1: in Asia, it's zero COVID policy, it's technology agenda. So
Speaker 1: in some ways is just reconfirming or intensifying. I think
Speaker 1: what was quite remarkable and you as you noted, is
Speaker 1: the number of protegees and allies and stalwarts of Shingjing
Speaker 1: Ping that made it into the top levels of government.
Speaker 1: So what this means in some ways I think that
Speaker 1: there's going to actually be less discussion of policy challenges.
Speaker 1: And remember China is facing an unprecedented array of issues
Speaker 1: yet COVID the real estate bust, you have very weak
Speaker 1: consumer demand, a really really bad demographic trends, and of
Speaker 1: course the tensions with the United States and the West,
Speaker 1: technology and if everybody is in lock step alignment with
Speaker 1: the chairman, and that also suggests there's not a lot
Speaker 1: of open policy discussion. And what we've seen is some
Speaker 1: really bad decisions being made um under this under this leader.
Speaker 1: So the United States, one is buckling your seat belts
Speaker 1: because more bad decisions will be coming. But also perhaps
Speaker 1: China is locked in, very much locked into a rigid
Speaker 1: strategy that is actually not improving the global position. Well,
Speaker 1: the market has spoken on this. The market is typically
Speaker 1: ahead of of the rest of us here. But you know,
Speaker 1: add what happened today in Washington is the US unsealed
Speaker 1: charges claiming a couple of Chinese intelligence officers trying to
Speaker 1: obstruct a criminal investigation. This is an investigation into Huawei.
Speaker 1: Attorney General Merrick Garland listen. Over the past week, the
Speaker 1: Justice Department has taken several actions to disrupt criminal activity
Speaker 1: by individuals working on behalf of the government of the
Speaker 1: People's Republic of China. Pretty amazing. Chris Ray, the FBI director, said,
Speaker 1: ten of the thirteen individuals charged were Chinese intelligence individuals.
Speaker 1: What does that tell us about our relationship with this
Speaker 1: country over the next year or even five DJ. Yeah,
Speaker 1: I think it's really important to think of this as
Speaker 1: a Cold War two. Um. While we trade, we have
Speaker 1: great um and deep economic ties with the countries with
Speaker 1: the country, and we certainly have deep um you know,
Speaker 1: communications and travel. We're in a cold war and this
Speaker 1: is a it's a different kinds We're competing on many
Speaker 1: different issues, but this is very much this this arresting
Speaker 1: of spies, you know, is classic of what we saw
Speaker 1: in Cold War one. So this is indicative again of
Speaker 1: Cold War two and China's global ambitions around technology, around
Speaker 1: competing with the United States, UM, geo, politically, and of
Speaker 1: course economically. So this is part and parcel of Cold
Speaker 1: War two in my view, and I think we need
Speaker 1: to understand. Companies need to understand that it's it's it's
Speaker 1: the business environment, the investment environment, corny become a lot
Speaker 1: more challenging. Well, you know, you need allies to fight
Speaker 1: or win a cold war. How about this guy in London?
Speaker 1: I am humbled and honored to have the support of
Speaker 1: my parliamentary colleagues and to be elected as leader of
Speaker 1: the Conservative and Unionist Party. Rachid gets his turn. We're
Speaker 1: going to talk about how flexible this administration has to
Speaker 1: be over the next couple of months, with massive and
Speaker 1: important leadership changes happening on both sides of the planet.
Speaker 1: D J. Peterson, thank you so much for being with
Speaker 1: us long View Global Advisors. As we assemble the panel next.
Speaker 1: Rick Davis and Jeanie Chanzano have been watching this go
Speaker 1: on all weekend and just can't wait to bring their
Speaker 1: ideas to you. There here next, on the fastest hour
Speaker 1: in politics, I'm Joe Matthew and Washington Boy, It's only Monday.
Speaker 1: This is Bloomberg. You're listening to Bloomberg Sound On with
Speaker 1: Joe Matthew on Bloomberg Radio. Such just about two weeks
Speaker 1: to the mid term elections, a war underway in Europe,
Speaker 1: new warnings of a winter COVID surge, and now this
Speaker 1: an emboldened president she will just call him chairman, and
Speaker 1: the third British Prime Minister of President Biden's first term.
Speaker 1: What could possibly go wrong? As the White House braces
Speaker 1: forevermore complexity. We assemble our signature panel on quite a Monday.
Speaker 1: Rick Davis is with us and Genie Chanzino Bloomberg Politics contributors. Genie,
Speaker 1: I'm not sure where to start here. I mean, the
Speaker 1: arguments being had you try to cook things down to
Speaker 1: so called kitchen table issues in this mid term election
Speaker 1: and the cycle are are frankly dwarfed by some of
Speaker 1: the greater issues that we're talking about here, beginning with
Speaker 1: our competition. You and I can use air quotes when
Speaker 1: we say that with China, that's right. I mean what
Speaker 1: a weekend it was, and you know, so many things
Speaker 1: happened over there. Number one, they changed the constitution, okay,
Speaker 1: in the use of force, and that is if separatists
Speaker 1: declare independence or if foreign countries aid in a bet
Speaker 1: separatism in Taiwan. Yeah, that's right. And then, of course,
Speaker 1: as you mentioned, Bloomberg reporting that the president is pursuing
Speaker 1: this meeting at the G twenty, but it was just
Speaker 1: a week ago that Beijing was stonewalling that because the
Speaker 1: President had pledged US military defense of Taiwan if China
Speaker 1: were to invade. So just those two things alone are
Speaker 1: enough to sort of try to wrap your wrap your
Speaker 1: head around if you will, not to mention there are
Speaker 1: no more women in the Polite Bureau, but we'll leave
Speaker 1: that aside for the moment. Joe Matthew, I don't know
Speaker 1: you want to be in that room. I do, Joe,
Speaker 1: but an ask that's fine. Well, I'll tell you what.
Speaker 1: The former president, I guess maybe didn't want to be
Speaker 1: in that room. Rick, do you have any sense of
Speaker 1: what went on there? What are we supposed to infer
Speaker 1: when you see a seventy nine year old former president?
Speaker 1: I mean here, we live in the country where where
Speaker 1: you know, lock him up and all that stuff is
Speaker 1: common at at Trump rallies. Uh, but Whosian Tao is
Speaker 1: now gone? What? What what do we make of that? Yeah?
Speaker 1: I think in China you have to assume that you
Speaker 1: don't have to have a rally tell you what to do. Uh,
Speaker 1: General Secretary Chi just does it? Look this was a
Speaker 1: power move, right. He was showing that he could crush
Speaker 1: the man next to him at the table, embarrass him,
Speaker 1: take him out, politically emasculated him. Look, it's the same
Speaker 1: thing he's done to every major CEO in the in
Speaker 1: the country, right, you know, all of a sudden I
Speaker 1: disappear for thirty days. Oh now you're gonna have to
Speaker 1: delist your company tomorrow. I mean, all these things are
Speaker 1: a way of just cowing the rest of the population,
Speaker 1: arguably extremely large population, to the terms and condition of
Speaker 1: the Chinese Communist Party. And I would just say we
Speaker 1: should use his his real title, which is Secretary of
Speaker 1: the Chinese Communist Party. That is the most powerful job
Speaker 1: in China. It's not some state leadership role. It's the
Speaker 1: Communist Party and that's what they are, and that's how
Speaker 1: they're managing the country. And we should not kid ourselves
Speaker 1: that we have a situation where we are not already
Speaker 1: in a very difficult environment that's only gonna get worse
Speaker 1: over time because the Chinese Communist Party does not share
Speaker 1: our hopes and dreams of the world in a rule
Speaker 1: based society. Well, I'm sure this story today didn't make
Speaker 1: things any any better for them. As Merrick Garland left
Speaker 1: us all waiting, he showed up over a half hour
Speaker 1: late for this announcement. You've got the podium set up
Speaker 1: of the d O j H. The flags are up wondering, well,
Speaker 1: what is this going to be? As the U. S
Speaker 1: N Seals charges claiming to Chinese intelligence officers tried to
Speaker 1: obstruct a criminal investigation into Huawei, others allegedly working on
Speaker 1: behalf of a foreign power. As he said that he
Speaker 1: was not specifical though details, you know, we filled in
Speaker 1: some of the blanks later, trying to procure technology and
Speaker 1: recruit spies. Listen to the Attorney General again. The complaint
Speaker 1: alleges that in the defendants directed an employee at a
Speaker 1: US government law enforcement agency to steal confidential information about
Speaker 1: the United States criminal prosecution of the company. The defendants
Speaker 1: believed that they had recruited the U S employee as
Speaker 1: an asset, but in fact the individual they recruited was
Speaker 1: actually a double agent working on behalf of the FBI.
Speaker 1: Something out of a bad movie. Chris Ray, the FBI director,
Speaker 1: said again, ten of the thirteen charged were Chinese intelligence operatives. Genie,
Speaker 1: this was already going on. What do we expect now
Speaker 1: that there's there's just no one to check yeah, no
Speaker 1: one to check in. He is unrivaled in his power,
Speaker 1: and as you know DJJ said, we are in a
Speaker 1: second Cold War. Just listening to that and the statement today,
Speaker 1: it did, you know, sort of remind you of the
Speaker 1: Cold War itself. That's what it sounded like. And it
Speaker 1: was just a few days ago. A week ago, Joe
Speaker 1: Biden said, we are entering a decisive decade of rivalry
Speaker 1: with China, and that is what we're facing. And I
Speaker 1: think the real hope for the United States has got
Speaker 1: to be that that rivalry doesn't become violent. And that's
Speaker 1: where I go back to the constitutional changes, which say
Speaker 1: for the most part that they will take you know, action,
Speaker 1: military action if Taiwan is threatened, and that is a
Speaker 1: real challenge for the United States and the Western world.
Speaker 1: Pretty amazing spending time with our signature panel, Rick and
Speaker 1: Jennie and I guess, another historic day in Britain, although
Speaker 1: they're feeling less historic every time this happens. Uh gosh,
Speaker 1: what are we fifty days out from the start of
Speaker 1: the Trust's uh guess tenure and Rich Sunac it all
Speaker 1: came together this morning, Rick, I guess the question that
Speaker 1: I have is not what is our relationship going to
Speaker 1: be like with Rischie Sunak? But they've got it. They
Speaker 1: need time over there to put things together as we
Speaker 1: rely on each other to help support the war in
Speaker 1: Ukraine and push back on countries like China. Does this
Speaker 1: make it harder for the US? Uh No, I mean
Speaker 1: the nature of the trans atlantic alliance with the US,
Speaker 1: Great Britain and in other parts of Europe probably has
Speaker 1: not been at it's this good in in twenty five years, right,
Speaker 1: And one thing Russia has done is it's united our allies,
Speaker 1: and so institutionally, I would say that we stand in
Speaker 1: a very good position with the UK uh Rishi Sunach.
Speaker 1: The new Prime Minister adds stability to that and that
Speaker 1: makes it only stronger. He meets the King tomorrow, it'll
Speaker 1: be official and we'll talk about it more than our
Speaker 1: signature panel is here for the hour. I'm Joe Matthew,
Speaker 1: American Politics. Next, this is Bloomberg. Great story on the
Speaker 1: terminal New Jersey, Pennsylvania Geofe House hopefuls batter Democrats on economy.
Speaker 1: Eric Wasson with the byline. We talked so much about
Speaker 1: the big Senate races, the big governor's races, but it
Speaker 1: is the House of course that Democrats look most at
Speaker 1: risk of losing. And as we consider this idea that
Speaker 1: Eric lays out even in the headline, you can talk
Speaker 1: about Roe v. Wade, you can talk about crime. But
Speaker 1: the economy, of course, has turned out to be issue
Speaker 1: number one with really just so many voters, and it
Speaker 1: leaves Democrats and what I should say, independence like Bernie
Speaker 1: Sanders on a Sunday morning asking questions like this on
Speaker 1: meat the press listen. What are the Republicans response to inflation?
Speaker 1: What do they want to do? Well, maybe they want
Speaker 1: to cut wages for workers. Do they want to raise
Speaker 1: the minimum wage? No they don't. So I think it's
Speaker 1: important to take the attack to the Republicans. What do
Speaker 1: they want to do other than complaint? What bottom line
Speaker 1: is you cannot cause social security, Medicare, and medicaid, which
Speaker 1: is what they want to do. But Eric writes, from
Speaker 1: hard scrabble mining communities to affluent New Jersey suburbs, Republican
Speaker 1: attacks on the economy are forcing Democratic House candidates and
Speaker 1: must win Northeast districts to confront an issue that has
Speaker 1: bedeviled them. And by the way, you know, dog chasing
Speaker 1: car whatever. It will be up to Republicans to do
Speaker 1: something about this, or at least provide a viable argument
Speaker 1: if they do win the House, because we have been
Speaker 1: hearing that seven thousand I R. S Agents is the
Speaker 1: answer here. They haven't even all been hired. Eric is
Speaker 1: with us now, and I'm curious your thoughts on this, Eric,
Speaker 1: because you've actually been out reporting here. Does anything come
Speaker 1: close to the economy and into that end, did Democrats
Speaker 1: miss a huge opportunity by leaning on the Dobbs decision
Speaker 1: when they had some momentum over the summer. Well, I
Speaker 1: don't think they missed. I mean they were I think
Speaker 1: they peaked a little bit early, you know, the decision
Speaker 1: that came come later. Perhaps the timing would have been
Speaker 1: in their favor. But but clearly the winds have shifted
Speaker 1: back towards the economy. And when I saw in these races,
Speaker 1: I followed Tom Malinowski and Tom Keene j here New Jersey,
Speaker 1: Susan Wild against Lisa Scheller in Pennsylvania, Matt Cartwright against
Speaker 1: Jim Bognett also in Scranton, Pennsylvania, and the economic argument.
Speaker 1: The Democrats are now really fully engaged on the economic arguments,
Speaker 1: are trying to poke holes in the and the GPS.
Speaker 1: What's really a lack of concrete plans? You know, I
Speaker 1: chased Tom kine and out a holiday inn in Eugene Clark,
Speaker 1: New Jersey, trying to find out what is the X,
Speaker 1: what spending is actually gonna cut to flight instlation. You know,
Speaker 1: they don't really say so there there, the battle is
Speaker 1: now joined on the economy in these districts, but it
Speaker 1: might be too little, too late for the Democrats. So
Speaker 1: the public is a very simple message that Biden, you know,
Speaker 1: caused your prices to go up and and this uh
Speaker 1: you know Democrat helped and and the response to that
Speaker 1: is a very complicated set of you know, we've passed
Speaker 1: some much Stations's gonna take some time to trickle down
Speaker 1: of the economies to the semiconductor uh, you know reductions,
Speaker 1: and the people know what that when we go to
Speaker 1: the holiday, does anyone know what you're talking about? Like
Speaker 1: do you say, hey, how about the chip backs? You know,
Speaker 1: is is that weighing into your decision? How about those semiconductors? Well?
Speaker 1: I think, you know, it depends that that holiday in
Speaker 1: was it was a very educated audience of you know,
Speaker 1: the local gateway Chamber of commerce, and they don't you
Speaker 1: know a lot of people well they said, you know
Speaker 1: a lot of people did say, you know, it's a pandemic,
Speaker 1: it's a global supply chain issue. I think to certain voters,
Speaker 1: you know, I talked to uh, you know, people who
Speaker 1: left the Republican Party or voted you know, another way
Speaker 1: after Trump, and they're sticking with Malanowski and they liked
Speaker 1: his arguments. But even then, and I had this great
Speaker 1: you know, but this one fellow at this Reddington event
Speaker 1: in New Jersey, Steve Foster, and he really reminded me
Speaker 1: of one of those old characters from Mad Menuo goatee fella.
Speaker 1: And he was a former marketing executive. He said, you
Speaker 1: know the problem with Tomlinowski's he doesn't have a twenty
Speaker 1: second story. The opponent has the twenty second pitch, and
Speaker 1: the mal Nawski responses a long list of achievements and
Speaker 1: economic arguments, and it's hard to break through. And I
Speaker 1: think that's where the race is heading. You need the
Speaker 1: twenty second story. If you're gonna get anywhere. You need
Speaker 1: a bumper sticker right er, right? What made you settle
Speaker 1: on these three? Uh, particularly with all three being in
Speaker 1: the northeast. Well, you know they're they've been they were
Speaker 1: rated as toss ups when I conceded the plan, a
Speaker 1: cook clock or report by any think as all as
Speaker 1: other leading you know, political analysts, they're all trending towards
Speaker 1: a lean Republican now, so that they shifted a little bit,
Speaker 1: but they were just the most evenly divided races in
Speaker 1: in that immediate area. And uh an area that I
Speaker 1: know what I'm from the originally from New Jersey, but
Speaker 1: sometimes fromtime in Pennsylvania, uh you know. And it was
Speaker 1: just interesting to me to see how the wind would
Speaker 1: blow from a from a toss up perspective and words
Speaker 1: heading now. So it was a good way to illustrate
Speaker 1: where the trends were going. It's great work. Is we'll
Speaker 1: point everyone again to the terminal for a look for
Speaker 1: Eric Wasson and the story that will be specific, but
Speaker 1: also I don't know, it opened my eyes to the
Speaker 1: nation a little bit. Here you can look at this
Speaker 1: race for important toss ups New Jersey, Pennsylvania GOP House
Speaker 1: hopefuls battered Democrats on economy. Eric, thanks and come back
Speaker 1: and talk to us soon. On sound on. A lot
Speaker 1: of people were listening to the former president over the weekend.
Speaker 1: Here is this is the other thing you hear about
Speaker 1: on the campaign trail, not just the economy, but also
Speaker 1: voter security and the viability of our electoral system and
Speaker 1: Donald Trump is really not helping do instill confidence. Listen
Speaker 1: to him in Texas from Saturday night, paper ballance the
Speaker 1: old fashioned way. That's the way you're gonna stop Would
Speaker 1: you agree with that, Mike. That's the way you're gonna
Speaker 1: stop it. It's the only way. We don't need satellites
Speaker 1: sending the signals all over the place. Somebody votes. Let's
Speaker 1: say I'm gonna vote for Trump. I love Trump, I'm
Speaker 1: gonna vote for Trump. Trump being being biggles all over
Speaker 1: the world. Bob comes back by, how did that happen? Well,
Speaker 1: I'm not sure that is how that happened. Are we
Speaker 1: still doing the satellites? And do they make a bing
Speaker 1: bing sound? Will reassemble the panel coming up next year.
Speaker 1: Rick Davis and Jeannie Chanzano make our signature panel in
Speaker 1: there next on the Fastest Hour in Politics. Got a
Speaker 1: lot to cover the markets after hours to Charlie Palett,
Speaker 1: will take her. That will do traffic and markets with
Speaker 1: much more ahead. There was actually another fascinating debate. I
Speaker 1: have to show you Gavin Newsom getting down to it,
Speaker 1: and we'll bring you inside that Donald Trump rally in Texas.
Speaker 1: This is Bloomberg. You're listening to Bloomberg Sound On with
Speaker 1: Joe Matthew on Bloombird Radio. Donald Trump is, of course,
Speaker 1: not the only Republicans saying the election was stolen. In fact,
Speaker 1: few are saying it louder than Carry Lake, the nominee
Speaker 1: for governor of Arizona. She sat down with ABC's Jonathan Hall.
Speaker 1: Most of what they discussed was election fraud. Listen, you
Speaker 1: said that there were seven forty thousand ballots with no
Speaker 1: chain of custody. Those ballots shouldn't have been counted. Are
Speaker 1: you really saying you would throw out the ballots of
Speaker 1: seven hundred forty thousands, quarters of a Millionairezonans. Seven ballots
Speaker 1: violated chain of custody requirements in Merricopa County. I mean,
Speaker 1: first of all, it's it's not true. I mean, Amercopa
Speaker 1: County board of Supervisors put one page report that is
Speaker 1: a fact. To check your facts, check your facts. And
Speaker 1: of course John Carl sitting there saying, but we did
Speaker 1: just and why would she sit down with John Carl?
Speaker 1: Of course she knew that's all they talk about. But
Speaker 1: it doesn't matter, right, Well, it doesn't seem to matter
Speaker 1: politically speaking, whether you know wins losses, not principal here,
Speaker 1: she's leading the race, not by a lot. Real clear
Speaker 1: has rough though by one and a half. Five thirty
Speaker 1: eight has her up by what one point one I'm reading,
Speaker 1: And so let's reassemble the panel for more on this idea.
Speaker 1: Rick Davis, of course, an expert on Arizona politics, Bloomberg
Speaker 1: Politics contributor, joined by Genie Schanzano, Bloomberg Politics contributor to
Speaker 1: Democratic Analysts. It's uh, I guess she's just kind of
Speaker 1: saying what a lot of voters want to hear, right, Rick,
Speaker 1: But she says it so convincingly, uh, and and does
Speaker 1: it with such a straight face that she seems to
Speaker 1: actually do a better job than Donald Trump sometimes making
Speaker 1: this argument, Well, she's very good at what she does,
Speaker 1: and you're right, she is talking to a certain audience,
Speaker 1: her audience. She's she didn't really care about Jonathan Carl's audience.
Speaker 1: She's she's channeling her group, and she's given them instructions
Speaker 1: and she's educating them in the way that she feels. Uh,
Speaker 1: they'll believe her, right, regardless of what the Jonathan Carl
Speaker 1: Carl's fact checking might do. Because we've learned in this
Speaker 1: age that you know, her vote is gonna get its
Speaker 1: information from certain news sources, and her opponents voters are
Speaker 1: gonna get there's from other news versus and and it
Speaker 1: really doesn't matter what the truth is to a lot
Speaker 1: of these voters. They care what they're their leaders are
Speaker 1: telling them, and they're going to go to war with them.
Speaker 1: And so, uh, she's doing exactly what the script dictates
Speaker 1: these days in a in a heavily polarized environment. Uh,
Speaker 1: this is exactly what she needs to do to get
Speaker 1: a Republican fired up. Could a Republican win in Arizona
Speaker 1: without that line? Republicans won in Arizona historically without that line,
Speaker 1: So well, sure, this is these are weird days. That's
Speaker 1: weird days, and and and it's different politics than it
Speaker 1: that it is. But she's she's she's doing exactly what
Speaker 1: she needs to be able to overcome a deficit that
Speaker 1: she was in and win the election. So uh, it's
Speaker 1: you know, you and I are we we can't believe
Speaker 1: people go out and just say things they know are lies,
Speaker 1: but we've we've kind of gotten used to that after
Speaker 1: you know, well, yes, six years of Donald Trump, Sure
Speaker 1: we have So what's the democratic response to this in
Speaker 1: a race like this, Genie not you know, not Joe
Speaker 1: Biden speaking from Washington, but you're talking to people in Arizona,
Speaker 1: and you have to convince them that this former news
Speaker 1: anchor who looks lapart speaks convincingly doesn't know what she's
Speaker 1: talking about. Yeah, and let's talk about the facts. Um,
Speaker 1: you know what are we hearing. Just look out at Arizona.
Speaker 1: At least two voters in the last few days had
Speaker 1: filed complaints for voter intimidation, saying people with camouflage and weapons.
Speaker 1: We their videos are all over social media exactly. And
Speaker 1: and and also let's look at what we are hearing
Speaker 1: about the kind of pressure that poll workers and election
Speaker 1: workers are under, who are being harassed daily as they
Speaker 1: come to work. And you know, you want to respond
Speaker 1: to people like Carrie Lake, You've got to say that
Speaker 1: her language, her claims, Donald Trump's language and complaints, they
Speaker 1: are absolutely inciting this kind of behavior. Leadership matters, Responsible
Speaker 1: leadership matters, And you can't be out there making these
Speaker 1: kinds of false claims because the next step is going
Speaker 1: to be, unfortunately violence. And we look at the studies
Speaker 1: and that's what we are seeing. There are people in
Speaker 1: the United States who believe the only answer to their
Speaker 1: elections quote unquote being stolen is to take them back
Speaker 1: by violence. Hence these vigilantes. That's the danger of what
Speaker 1: they're doing. I know they want to win, but you've
Speaker 1: got to tell voters this win at all cost mentality
Speaker 1: is going to get us into a very violent situation
Speaker 1: come election day. Sometimes I wonder if some voters want
Speaker 1: to see that. This, of course, comes with a lot
Speaker 1: of different flavors. Remember the Don Baldock like the day
Speaker 1: after you on the primary. No, I've just I've done
Speaker 1: my homework. Nobody stole the election. Then you get you
Speaker 1: get guys like Bryan Dolly, the Republican state senator in
Speaker 1: California who wants to be governors up against Governor Gavin Newsom,
Speaker 1: who I don't think it's any danger of losing here.
Speaker 1: But they sat for a debate and uh, and you know,
Speaker 1: he was asked directly about Joe Biden winning the election.
Speaker 1: He tried to give him a joke and oh my god,
Speaker 1: this thing bombed. Listen, Joe Biden legitimately win the election
Speaker 1: against sal Trump. Yeah, actually he did win the election.
Speaker 1: That the big questions is that he does he know that.
Speaker 1: That's That's what I wonder sometimes. But I want to
Speaker 1: talk about about he being who Joe Biden? What do
Speaker 1: you mean by that? Well, I I yes, I agree
Speaker 1: that he won the election, But I wonder sometimes if
Speaker 1: he actually realizes that he's president of the United States.
Speaker 1: Of course he understands he's president Nited States. He's gotta
Speaker 1: be rough. You think he got something? You got? I
Speaker 1: got a zinger in my pocket. Wait till they ask
Speaker 1: me if he won the election. But look, that does
Speaker 1: that does bring us to another matter, as he's alluding
Speaker 1: to here, and that is President Biden's physical fitness. He's
Speaker 1: about to turn eighty. He was asked about it in
Speaker 1: a in another interview on MSNBC over the weekend, and
Speaker 1: he likes to say, Rick, you know, watch me try
Speaker 1: to do my routine. You know, dude, I'll meet you
Speaker 1: at the gym tomorrow morning. That type of thing. But
Speaker 1: we're gonna be hearing more and more about this. Listen
Speaker 1: to Ronnie Jackson at that Donald Trump rally, uh in Texas. Now, look,
Speaker 1: Ronnie Jackson's had his own scandals here. Uh. He never
Speaker 1: got to run the v A as Donald Trump wanted
Speaker 1: him to. He was known for, at least we understand,
Speaker 1: reportedly being liberal with his his use of certain medications
Speaker 1: for White House staff. But remember he was the man
Speaker 1: who was known for declaring Donald Trump the healthiest president
Speaker 1: of all time, and he decided to go for it
Speaker 1: with Joe Biden. Now this is a This was a doctor, right.
Speaker 1: Listen to Ronnie Jackson. I think I'm one of the
Speaker 1: few people that have the background where I could speak
Speaker 1: intelligently about this. I know what it takes physically and
Speaker 1: mentally to be the president United States, and I'm here
Speaker 1: to tell you today I'm making a medical determination. Joseph
Speaker 1: Biden does not have what it takes to be our president. Okay,
Speaker 1: this is a physician, a retired Navy rear admiral, now
Speaker 1: a member of Congress. And I started his President of
Speaker 1: the doctor of the president for crying out loud and
Speaker 1: I okay, unfit. Maybe you know, maybe he means that
Speaker 1: in terms of politics, whatever, No, he kept going here again,
Speaker 1: is Jackson? This man is confused. He doesn't know where
Speaker 1: he's at, he doesn't know what he's doing, he doesn't
Speaker 1: know what office he's running for. He shuffles when he walks,
Speaker 1: he slurs his speech, He stares blankly off into nowhere.
Speaker 1: This isn't this is a problem, Genie, that's a doctor,
Speaker 1: and I realized it's a partisan one. But does the
Speaker 1: White House need to be a little more forceful on
Speaker 1: this issue? No? You know, this is Ronnie Jackson playing,
Speaker 1: you know, Ronnie Jackson before the Donald Trump crowd, trying
Speaker 1: to rally that crowd. He's probably able to do it successfully.
Speaker 1: But anybody listening to this, No, this is not the
Speaker 1: language of a responsible physician, and Ronnie Jackson has never
Speaker 1: been seen, at least in the last several years, as
Speaker 1: a responsible physician. Joe Biden knows age is an issue
Speaker 1: the Biden administration does as well, and it's something they're
Speaker 1: going to have to address after the midterm elections. How
Speaker 1: does the White House manage this beyond what it's doing, Rick,
Speaker 1: or do they just you know, get the president up
Speaker 1: and out of bed and working every day, do it
Speaker 1: by by showing what can be done. No, that's exactly right, Joe.
Speaker 1: There's no way you want to get into war words
Speaker 1: with the Ronnie Jackson's of the world, and so just
Speaker 1: you know, do the job, get up in the morning,
Speaker 1: as you say, and uh, show that you are able to,
Speaker 1: uh to to do the job of president United States.
Speaker 1: And and the reality is, uh, there's nothing he can
Speaker 1: do about his age, right, and it won't go away
Speaker 1: as an issue, because at least he hopes not, because
Speaker 1: anything that happens if you don't get any older is
Speaker 1: you're you're we're holding the funeral. So coming. The reality
Speaker 1: is this is this is he's got to face the music.
Speaker 1: And there's nobody that I'm aware of in politics who
Speaker 1: thinks it's a great idea for someone who's gonna be
Speaker 1: eighty years old to be running for president. And so
Speaker 1: you know, it's just it's a common sense. But in
Speaker 1: the world that we live in and the politics of
Speaker 1: trying to stay relevant and not become a lame duck um,
Speaker 1: you know, this administration is torn into this, this this
Speaker 1: effort to try and show that he still potentially may
Speaker 1: run for president when he decides, if he decides not
Speaker 1: to run, all this goes away, it vanishes, it does
Speaker 1: no longer become an issue. And and so it is
Speaker 1: a very transient thing, almost like what they thought inflation
Speaker 1: was going to be. Oh boy, what when when you
Speaker 1: were in the Reagan White House, you think back to
Speaker 1: that time when there were questions about Ron Reagan's health,
Speaker 1: what what lessons did you learn them that you might
Speaker 1: apply now. I mean taking him out of the media
Speaker 1: as I is obviously not the answer. No, And and
Speaker 1: we did that in the Reagan White House. He was
Speaker 1: out of the media I for six months. Could you
Speaker 1: imagine today not having a president given interview for six months?
Speaker 1: You imagine the conspiracy exactly. So, Uh, that didn't work.
Speaker 1: And and so the reality is it never will. The
Speaker 1: president has to be seen by the public as part
Speaker 1: of the deals, part of the compact that he has
Speaker 1: and uh and and in the case of Ron Reagan
Speaker 1: only overcame that by going out and being robust and
Speaker 1: and and and sometimes um, you know, just change in
Speaker 1: the topic. And so the only thing you know is
Speaker 1: getting into a description of the president's health if you're
Speaker 1: the president, is a losing argument. You gotta it's a
Speaker 1: show me kind of thing. I feel like they're not
Speaker 1: going to be able to resist though, Genie. I mean, look,
Speaker 1: you're not going to put him out there. Likely the
Speaker 1: other extreme here would be Vladimir Putin. Right, They're not
Speaker 1: gonna put Joe Biden out topless on the south lawn, uh,
Speaker 1: doing push ups. But you know there's going to be
Speaker 1: a sixty minutes or a something where they shadow him
Speaker 1: on his workout routine. Right, it's got to be coming.
Speaker 1: Oh gosh, you know, they're just the vision you just
Speaker 1: put in my head. You know, is he going to
Speaker 1: be fighting what was put in fighting? A bearer? Right?
Speaker 1: Definitely the horse. I'm going to hope that the Biden
Speaker 1: administration doesn't do that with the President. No. You know,
Speaker 1: what the president has to do is what he's been doing.
Speaker 1: He's got to be out talking to people, the American public,
Speaker 1: about their plans and how they have addressed the problems
Speaker 1: facing America, in particular the economy and inflation. That's what
Speaker 1: they've got to do. Let Ronnie Jackson keep talking, they
Speaker 1: have to respond with facts. We're gonna keep talking here too,
Speaker 1: on the fastest hour in politics because we have the
Speaker 1: smartest panel in the business. Rick Davis and Jeannie Chanzane
Speaker 1: will meet you back here tomorrow. I'm Joe Matthew. This
Speaker 1: is Bloomberg