1 00:00:01,440 --> 00:00:02,160 Speaker 1: From Mahard. 2 00:00:02,320 --> 00:00:06,720 Speaker 2: We're Innovation, Money and Power Collie in Silicon Vallet NBN. 3 00:00:07,080 --> 00:00:11,040 Speaker 3: This is Bloomberg Technology with Caroline Hyde and Ed lud. 4 00:00:10,920 --> 00:00:26,920 Speaker 4: Love now from New York and San Francisco. This is 5 00:00:26,960 --> 00:00:30,800 Speaker 4: Bloomberg Technology in selection day and the tech policies and 6 00:00:30,840 --> 00:00:33,760 Speaker 4: implications that you need to know about. On the last 7 00:00:33,800 --> 00:00:34,839 Speaker 4: day of voting. 8 00:00:35,440 --> 00:00:38,920 Speaker 5: Class Palenteer shares jump as it posts record profit and 9 00:00:38,960 --> 00:00:42,360 Speaker 5: made unwavering AI demand and Apple. 10 00:00:42,120 --> 00:00:45,440 Speaker 4: I's smart glasses. We discussed the internal study code named 11 00:00:45,520 --> 00:00:49,360 Speaker 4: Atlas as it follows Snap and Meta's lead. But first 12 00:00:49,400 --> 00:00:52,599 Speaker 4: we check in on these markets as people head in 13 00:00:52,640 --> 00:00:55,160 Speaker 4: person to the polls. We're currently up nine ten percent 14 00:00:55,160 --> 00:00:57,200 Speaker 4: on the NASDAK. Big tech leading the charge today in 15 00:00:57,320 --> 00:00:59,920 Speaker 4: Vidiar Tesla on the higher side, and really it is 16 00:01:00,080 --> 00:01:03,000 Speaker 4: big tech that also drives from an earnings perspective. And 17 00:01:03,040 --> 00:01:03,800 Speaker 4: what are you watching on the. 18 00:01:03,800 --> 00:01:07,639 Speaker 5: Micro Yes, straight to Palenteer shares up twenty three percent 19 00:01:07,680 --> 00:01:10,320 Speaker 5: in the session, on track for their biggest jump since 20 00:01:10,360 --> 00:01:13,840 Speaker 5: February of this year, trading at an all time high. 21 00:01:14,040 --> 00:01:16,200 Speaker 5: What's astonishing, It's like out of nowhere. This is a 22 00:01:16,240 --> 00:01:19,200 Speaker 5: company with one hundred and fourteen billion dollar market gap 23 00:01:19,680 --> 00:01:22,560 Speaker 5: and it's all on revenue in the court have gone 24 00:01:22,560 --> 00:01:26,200 Speaker 5: a little more than seven hundred million dollars, but the 25 00:01:26,640 --> 00:01:32,080 Speaker 5: narrative incredibly clear, unwavering AI demand from corporate America and 26 00:01:32,160 --> 00:01:34,120 Speaker 5: from the public sector as well. Let's get right to 27 00:01:34,280 --> 00:01:38,120 Speaker 5: Palenteer with Mandique Singh of Bloomberg Intelligence. Where would you 28 00:01:38,160 --> 00:01:40,759 Speaker 5: like to start, Mandeep, I mean, the story of Palenteer 29 00:01:41,360 --> 00:01:44,000 Speaker 5: is a long term one. It's continued with this momentum 30 00:01:44,000 --> 00:01:47,080 Speaker 5: for a while. What jumped out from its earnings print for. 31 00:01:47,120 --> 00:01:51,360 Speaker 3: You, Yeah, I mean the government segment growing forty percent 32 00:01:51,440 --> 00:01:54,160 Speaker 3: here in the US, and it is on the back of, 33 00:01:54,400 --> 00:01:58,840 Speaker 3: you know, some connection that they have found with implementing llms. 34 00:01:58,880 --> 00:02:02,240 Speaker 3: I mean, everyone is looking have ways to deploy, you know, 35 00:02:02,280 --> 00:02:07,160 Speaker 3: whether it's GPT, Gemini or Meta Lama, and to Palenteer's credit, 36 00:02:07,280 --> 00:02:10,720 Speaker 3: they found the right pivot when it comes to integrating 37 00:02:10,800 --> 00:02:14,560 Speaker 3: the data the ontology that they have with these llms. 38 00:02:14,560 --> 00:02:17,519 Speaker 3: And I think that's why you're seeing that especially a 39 00:02:17,760 --> 00:02:21,560 Speaker 3: strong momentum on the government side, but also defense tech 40 00:02:21,600 --> 00:02:24,760 Speaker 3: companies on the commercial side. I think in the US 41 00:02:25,080 --> 00:02:29,040 Speaker 3: they've done particularly well because of their you know, data 42 00:02:29,120 --> 00:02:31,360 Speaker 3: lineage and the fact that they have done so well 43 00:02:31,360 --> 00:02:34,000 Speaker 3: over the years in terms of you know, ontology. 44 00:02:35,040 --> 00:02:37,119 Speaker 4: What's interesting, of course, your note that you put out 45 00:02:37,160 --> 00:02:39,440 Speaker 4: is saying, perhaps there was a rush to spend budget 46 00:02:39,560 --> 00:02:41,840 Speaker 4: that was happening from the US government perspective, from your 47 00:02:41,880 --> 00:02:45,080 Speaker 4: mind's eye. Therefore many have they diversified enough to ensure 48 00:02:45,120 --> 00:02:46,840 Speaker 4: that they've got the private sector where they want it 49 00:02:46,880 --> 00:02:47,040 Speaker 4: to be. 50 00:02:47,360 --> 00:02:49,600 Speaker 3: Yeah, I mean, look, we are in an environment of 51 00:02:49,639 --> 00:02:54,120 Speaker 3: heightened geopolitical tensions and that has traditionally benefited talent. 52 00:02:54,200 --> 00:02:54,359 Speaker 1: Heer. 53 00:02:54,919 --> 00:02:58,240 Speaker 3: I'm a little leary of you know, their momentum on 54 00:02:58,280 --> 00:03:01,320 Speaker 3: the international side, given its still thirty percent plus of 55 00:03:01,440 --> 00:03:04,480 Speaker 3: their business, and that's where you see a tapering of growth, 56 00:03:04,560 --> 00:03:08,800 Speaker 3: given how controversial the CEO can be at times. And look, 57 00:03:09,320 --> 00:03:12,000 Speaker 3: when it comes to software companies, you want to show 58 00:03:12,080 --> 00:03:15,080 Speaker 3: recurring revenue. That's why the cloud names have fetched, you know, 59 00:03:15,120 --> 00:03:19,000 Speaker 3: premium multiples over the year. Palentier currently trades at a 60 00:03:19,080 --> 00:03:22,079 Speaker 3: premium multiple. So it comes down to can they sustain 61 00:03:22,120 --> 00:03:24,920 Speaker 3: this momentum, And I think that's where international is key, 62 00:03:24,960 --> 00:03:28,200 Speaker 3: which I'm not sure they can sustain that kind of momentum. 63 00:03:28,240 --> 00:03:30,720 Speaker 4: Technically, the shares a riverboard if you're looking at the 64 00:03:30,919 --> 00:03:33,840 Speaker 4: relative strength index mandate. It's saying of BlueBag intelligence brings 65 00:03:33,919 --> 00:03:37,280 Speaker 4: us the fundamentals there. But look, let's get back to 66 00:03:37,360 --> 00:03:40,200 Speaker 4: what the day is. It is Election day, it is 67 00:03:40,240 --> 00:03:42,400 Speaker 4: here in the US, and the polling continues to show 68 00:03:42,520 --> 00:03:45,960 Speaker 4: that race as close as any in modern history. You 69 00:03:46,040 --> 00:03:48,280 Speaker 4: bring it back to Katie lines and joins us at 70 00:03:48,280 --> 00:03:51,680 Speaker 4: the start of a marathon of a day, and Katie, 71 00:03:51,800 --> 00:03:53,120 Speaker 4: just bring us up to speed with what we should 72 00:03:53,120 --> 00:03:54,280 Speaker 4: be looking at right here, right now. 73 00:03:54,400 --> 00:03:56,400 Speaker 6: Well, really, this is going to come down to turn 74 00:03:56,400 --> 00:03:58,680 Speaker 6: out that probably will surprise no one. But with the 75 00:03:58,720 --> 00:04:02,360 Speaker 6: margins this type consistently in polling, it really is going 76 00:04:02,400 --> 00:04:04,520 Speaker 6: to be about who can convince voters to get off 77 00:04:04,560 --> 00:04:06,600 Speaker 6: the couch today and vote for them. No longer is 78 00:04:06,640 --> 00:04:08,720 Speaker 6: it about convincing them to vote for either Donald Trump 79 00:04:08,840 --> 00:04:11,160 Speaker 6: or Kamala Harris, but instead to get them to vote 80 00:04:11,160 --> 00:04:12,960 Speaker 6: at all. And I would keep in mind that millions 81 00:04:12,960 --> 00:04:15,360 Speaker 6: of Americans have already done so. As of this morning, 82 00:04:15,600 --> 00:04:18,920 Speaker 6: more than eighty three million people had already cast their vote, 83 00:04:18,960 --> 00:04:21,080 Speaker 6: and the electorate in total those eligible to vote is 84 00:04:21,080 --> 00:04:22,960 Speaker 6: only two hundred and forty four millions, So it would 85 00:04:22,960 --> 00:04:25,440 Speaker 6: be a question of how much of that electorate actually 86 00:04:25,520 --> 00:04:27,359 Speaker 6: shows up today when they go to the polls, and 87 00:04:27,400 --> 00:04:29,880 Speaker 6: of course it is seven states where the turnout is 88 00:04:29,920 --> 00:04:32,360 Speaker 6: going to matter most. Those battlegrounds in the Rust Belt 89 00:04:32,360 --> 00:04:34,159 Speaker 6: and in the Sun Belt are what the candidates have 90 00:04:34,160 --> 00:04:36,560 Speaker 6: been zeroing in on. It's why Kamala Harris meant her 91 00:04:36,720 --> 00:04:40,360 Speaker 6: entire day yesterday in Pennsylvania, which has nineteen electoral votes. 92 00:04:40,400 --> 00:04:43,240 Speaker 6: Donald Trump spending some time in North Carolina, Pennsylvania, and 93 00:04:43,320 --> 00:04:46,559 Speaker 6: Michigan as they race today to get to two hundred 94 00:04:46,600 --> 00:04:48,840 Speaker 6: and seventy. And I would just warn our audiences it 95 00:04:48,920 --> 00:04:50,800 Speaker 6: may be the case that we will not know who 96 00:04:50,800 --> 00:04:54,200 Speaker 6: gets two hundred and seventy electoral votes, not today, not tomorrow, 97 00:04:54,279 --> 00:04:56,680 Speaker 6: It could potentially take days. 98 00:04:57,279 --> 00:05:00,640 Speaker 5: Kaylee, thank you for your reporting. Just incredible command of 99 00:05:00,680 --> 00:05:03,720 Speaker 5: the data, which is so important in this tight race. 100 00:05:04,200 --> 00:05:08,400 Speaker 5: Both candidates kind of had closing pitches or remarks last night. 101 00:05:08,440 --> 00:05:10,560 Speaker 5: Where do we leave things in both the Trump camp 102 00:05:10,600 --> 00:05:11,360 Speaker 5: and the Harris camp. 103 00:05:11,800 --> 00:05:14,520 Speaker 6: Well, we heard similar things from Kamala Harris, which is 104 00:05:14,560 --> 00:05:16,919 Speaker 6: that she wants to essentially turn the page on what 105 00:05:17,000 --> 00:05:18,920 Speaker 6: she is referred to as a dark era in American 106 00:05:18,920 --> 00:05:21,800 Speaker 6: politics for the past decade in which Donald Trump has 107 00:05:21,839 --> 00:05:24,720 Speaker 6: been involved in presidential campaigns over what has now been 108 00:05:25,120 --> 00:05:27,520 Speaker 6: three cycles. She reiterated she wants to chart a new 109 00:05:27,560 --> 00:05:30,360 Speaker 6: way forward for Donald Trump. He is basically trying to 110 00:05:30,360 --> 00:05:33,520 Speaker 6: make himself the change candidate in this race. Suggests that 111 00:05:33,600 --> 00:05:36,240 Speaker 6: Kamala Harris, as part of this Biden administration, which in 112 00:05:36,279 --> 00:05:39,840 Speaker 6: many ways has been unpopular, especially with its handling of 113 00:05:39,880 --> 00:05:43,080 Speaker 6: the economy, shows that the country needs to move on. 114 00:05:43,200 --> 00:05:45,600 Speaker 6: He described that the country cannot take four more years 115 00:05:45,600 --> 00:05:48,720 Speaker 6: of what he referred to last night as gross incompetence. 116 00:05:48,760 --> 00:05:51,440 Speaker 6: Now they both are no longer in battleground states as 117 00:05:51,480 --> 00:05:54,560 Speaker 6: we speak, Donald Trump should be voting anytime now. In 118 00:05:54,600 --> 00:05:57,080 Speaker 6: his home state of Florida. He is still allowed to 119 00:05:57,080 --> 00:05:58,760 Speaker 6: do so, even though he was a convicted fell and 120 00:05:58,839 --> 00:06:01,080 Speaker 6: convicted in New York. But New York law dictates a 121 00:06:01,120 --> 00:06:04,560 Speaker 6: convicted felon can still vote. Therefore, Florida recognizes that he 122 00:06:04,600 --> 00:06:07,000 Speaker 6: will be able to cast a vote for himself today. 123 00:06:07,040 --> 00:06:09,640 Speaker 6: Kamala Harris meantime, is at home in DC at the 124 00:06:09,680 --> 00:06:12,560 Speaker 6: Naval Observatory, and she will be heading to Howard University, 125 00:06:12,760 --> 00:06:16,000 Speaker 6: her alma mater, for her election night party this evening. 126 00:06:16,040 --> 00:06:18,520 Speaker 6: Because at this point there's really nothing left either of 127 00:06:18,560 --> 00:06:21,320 Speaker 6: them can do. The closing arguments have been made, The 128 00:06:21,360 --> 00:06:24,039 Speaker 6: ground game has been working for months now, and we 129 00:06:24,080 --> 00:06:25,800 Speaker 6: all just have to wait for the tally to come in. 130 00:06:26,600 --> 00:06:29,400 Speaker 5: Bloomberg's Katie Lynes, thank you very much. Let's get the 131 00:06:29,440 --> 00:06:33,160 Speaker 5: market's perspective and bringing in Anna Ruthman of CBIZ Investment 132 00:06:33,200 --> 00:06:40,400 Speaker 5: Advisory Services. Equity markets are higher, big tech, well megacap 133 00:06:40,440 --> 00:06:43,839 Speaker 5: tech stocks are kind of leading the way voting is underway. 134 00:06:44,200 --> 00:06:45,520 Speaker 5: What does that tell you, Anna? 135 00:06:45,680 --> 00:06:49,440 Speaker 1: If anything, I think the markets are ready for this 136 00:06:49,520 --> 00:06:52,560 Speaker 1: election to be over and for some of the uncertainties 137 00:06:52,640 --> 00:06:55,400 Speaker 1: that have been present and leading up to this day 138 00:06:55,720 --> 00:06:57,279 Speaker 1: to be over. And I think there's a lot of 139 00:06:57,320 --> 00:07:01,599 Speaker 1: excitement about that. But depending on who wins and depending 140 00:07:01,600 --> 00:07:05,160 Speaker 1: on what Washington looks like, there are some issues that 141 00:07:05,200 --> 00:07:08,520 Speaker 1: may be facing tech. And that's on the regulatory side. 142 00:07:08,720 --> 00:07:11,240 Speaker 1: So if I'm taking a look at what might be 143 00:07:11,360 --> 00:07:14,120 Speaker 1: lying ahead, I mean, of course these things can change. 144 00:07:14,400 --> 00:07:17,559 Speaker 1: There's three I would put them in three buckets. One 145 00:07:17,680 --> 00:07:21,480 Speaker 1: is that things that are pretty known that Washington is 146 00:07:21,520 --> 00:07:24,320 Speaker 1: a consensus on, and that one thing is national security, 147 00:07:24,720 --> 00:07:28,400 Speaker 1: and so for the semiconductor industry and AI development, I 148 00:07:28,400 --> 00:07:30,520 Speaker 1: would really look at that and say that may be 149 00:07:30,640 --> 00:07:34,400 Speaker 1: a challenge, especially when we're talking about importing and exporting 150 00:07:34,400 --> 00:07:38,320 Speaker 1: things from China. Undoing some of that global supply chain 151 00:07:38,440 --> 00:07:41,480 Speaker 1: is going to be a challenge there in creating less 152 00:07:41,480 --> 00:07:45,080 Speaker 1: reliance on China. The other is antitrust issues if we 153 00:07:45,120 --> 00:07:48,440 Speaker 1: look at and that's the unknown, right, So if we 154 00:07:48,480 --> 00:07:54,200 Speaker 1: look at potential hairs administration, we've seen Biden administration be 155 00:07:54,280 --> 00:07:57,840 Speaker 1: not as friendly Trump administration. I think there's assumption that 156 00:07:57,840 --> 00:08:01,040 Speaker 1: they're going to be more friendly, especially with Republican Party, 157 00:08:01,280 --> 00:08:02,560 Speaker 1: but it's not always the case. 158 00:08:02,640 --> 00:08:04,680 Speaker 2: Because we have a case while. 159 00:08:04,480 --> 00:08:07,880 Speaker 1: Trump was president between twenty sixty and twenty twenty, everybody 160 00:08:07,920 --> 00:08:10,680 Speaker 1: remembers time order and at serprise, right. 161 00:08:11,440 --> 00:08:14,280 Speaker 5: So just real quick, we're kind of zeroed in on 162 00:08:14,320 --> 00:08:18,960 Speaker 5: this presidential race. But of course the composition of Congress 163 00:08:19,960 --> 00:08:22,320 Speaker 5: will have an impact, and I think in particular about 164 00:08:22,840 --> 00:08:27,440 Speaker 5: if you're talking about regulation artificial intelligence, but also electric vehicles, right, 165 00:08:27,680 --> 00:08:31,200 Speaker 5: the standing impact of the IRRA and any changes that 166 00:08:31,320 --> 00:08:33,400 Speaker 5: might ad that. How do you model for that? Please? 167 00:08:34,800 --> 00:08:36,080 Speaker 2: On the EB side? 168 00:08:36,800 --> 00:08:40,840 Speaker 1: Sure, on the EB side, I think there is there's 169 00:08:41,600 --> 00:08:45,600 Speaker 1: what we established as what Congress would want, right, But 170 00:08:45,679 --> 00:08:47,880 Speaker 1: so if you have a democratic sweep it's going to 171 00:08:47,960 --> 00:08:50,559 Speaker 1: look one way. If you have a Republican sweep, it's 172 00:08:50,600 --> 00:08:53,160 Speaker 1: going to look another way. But I think American people 173 00:08:53,200 --> 00:08:55,520 Speaker 1: have sort of spoken through sales. I mean, if we 174 00:08:55,559 --> 00:08:58,240 Speaker 1: look at Tesla for example, I mean, Tesla did really well, 175 00:08:58,400 --> 00:09:00,520 Speaker 1: but in terms of volume, sales was down. 176 00:09:00,760 --> 00:09:00,920 Speaker 7: Right. 177 00:09:01,480 --> 00:09:02,280 Speaker 2: If you look at. 178 00:09:02,160 --> 00:09:05,760 Speaker 1: Ford and GM, their EV sales were down. So I 179 00:09:05,800 --> 00:09:09,600 Speaker 1: don't know if Washington is going to continue to demand, 180 00:09:10,080 --> 00:09:14,040 Speaker 1: depending on who, especially for the Democratic Party, continue to 181 00:09:14,080 --> 00:09:18,079 Speaker 1: demand that kind of regulation, but the American people might 182 00:09:18,160 --> 00:09:21,080 Speaker 1: just not be for it. So I'm not entirely sure 183 00:09:21,120 --> 00:09:24,120 Speaker 1: if it's going to shake out the way we might project. 184 00:09:24,559 --> 00:09:24,959 Speaker 8: Tesla. 185 00:09:25,040 --> 00:09:27,240 Speaker 4: Of course, one of the leading points contributors to the 186 00:09:27,320 --> 00:09:30,320 Speaker 4: NASDAC on the day at least Anna the leading is 187 00:09:30,400 --> 00:09:31,920 Speaker 4: in Nvidio, And I just want to ask you a 188 00:09:31,960 --> 00:09:34,719 Speaker 4: little bit more about the semiconductor industry and what you're 189 00:09:34,760 --> 00:09:36,880 Speaker 4: trying to factor in in terms of future policy there, 190 00:09:36,880 --> 00:09:39,040 Speaker 4: whether it be with China, whether it be building here 191 00:09:39,080 --> 00:09:39,600 Speaker 4: in the US. 192 00:09:41,240 --> 00:09:45,440 Speaker 1: Yeah, I think with AI, that's the national security bit 193 00:09:45,480 --> 00:09:48,120 Speaker 1: that I was talking about before. I think the building 194 00:09:48,120 --> 00:09:50,080 Speaker 1: here in the US, it's going to take a very 195 00:09:50,120 --> 00:09:52,720 Speaker 1: long time. So I think that we're not going to 196 00:09:52,760 --> 00:09:55,520 Speaker 1: see that tomorrow or next year, or frankly even in 197 00:09:55,559 --> 00:09:57,280 Speaker 1: the next four years, whoever is. 198 00:09:57,200 --> 00:09:59,000 Speaker 2: The president, what Washington might look like. 199 00:10:00,000 --> 00:10:04,920 Speaker 1: So I think with Nvidia and AI, the chips and 200 00:10:05,000 --> 00:10:08,320 Speaker 1: the important export controls, that's going to be a big 201 00:10:08,960 --> 00:10:11,440 Speaker 1: topic probably for the next ten to fifteen years. 202 00:10:11,880 --> 00:10:14,440 Speaker 4: Have you been worried in any way about potential change? 203 00:10:14,440 --> 00:10:17,319 Speaker 4: Of course, when it comes to the subsidies, the support 204 00:10:17,360 --> 00:10:19,480 Speaker 4: here in the US for the chip sector building in 205 00:10:19,480 --> 00:10:22,920 Speaker 4: the US, has that changed any of your investment assumptions? 206 00:10:24,000 --> 00:10:25,160 Speaker 2: It doesn't worry us. 207 00:10:25,240 --> 00:10:27,880 Speaker 1: I mean again, this is going to take a long time. 208 00:10:28,640 --> 00:10:32,719 Speaker 1: It actually makes us excited because it actually takes the 209 00:10:32,840 --> 00:10:37,440 Speaker 1: risk of relying too much on Taiwan and South Korea 210 00:10:38,200 --> 00:10:41,960 Speaker 1: and it brings it in here. But now that also 211 00:10:42,120 --> 00:10:44,240 Speaker 1: then you have to question is that going to increase 212 00:10:44,280 --> 00:10:47,719 Speaker 1: the cost of production here because it is essentially a 213 00:10:47,760 --> 00:10:51,080 Speaker 1: little more expensive to make things here, And that actually 214 00:10:51,080 --> 00:10:54,959 Speaker 1: opens up the door to other discussions here that may 215 00:10:55,000 --> 00:10:58,040 Speaker 1: not be tech related per se, but everyone who uses. 216 00:10:57,840 --> 00:11:01,120 Speaker 4: Tech and indeed monetary US see related if we are 217 00:11:01,160 --> 00:11:04,640 Speaker 4: indeed talking about inflationary pressure. Anna Rathman, so good to 218 00:11:04,679 --> 00:11:08,120 Speaker 4: have you on this day. Ciba's investment advisory services. Meanwhile, 219 00:11:08,120 --> 00:11:10,400 Speaker 4: we want to keep an eye on other chip related 220 00:11:10,400 --> 00:11:13,559 Speaker 4: stocks today because the key contributor to the downside in 221 00:11:13,640 --> 00:11:15,520 Speaker 4: terms of points on the nurse at one hundred is 222 00:11:15,679 --> 00:11:19,200 Speaker 4: NXP Today. Why it's earnings, and we saw overall that 223 00:11:19,280 --> 00:11:21,920 Speaker 4: it was underwhelming, to say the least, with forly the 224 00:11:21,920 --> 00:11:24,960 Speaker 4: most it's July issues with the car industry in particular, 225 00:11:25,000 --> 00:11:28,080 Speaker 4: we saw the fourth quarter sales and earnings forecast disappointing 226 00:11:28,120 --> 00:11:31,160 Speaker 4: because that slowed down in automotive customers and indeed a 227 00:11:31,440 --> 00:11:32,800 Speaker 4: weak industrial demand too. 228 00:11:33,760 --> 00:11:36,400 Speaker 5: Okay, coming up from the show details and the survival 229 00:11:36,760 --> 00:11:40,680 Speaker 5: of Elon Musk's million dollars sweet steaks, that's next. This 230 00:11:40,800 --> 00:11:56,280 Speaker 5: is Bloomberg Technology, a legal win for Elon Musk as 231 00:11:56,280 --> 00:12:00,319 Speaker 5: a Pennsylvania judge rejected a request to halt his daily 232 00:12:00,400 --> 00:12:03,520 Speaker 5: one million dollar sweep stakes, which is run by Mosqu's 233 00:12:03,679 --> 00:12:07,199 Speaker 5: pro Donald Trump America pack Bluebers Crystal match on the 234 00:12:07,240 --> 00:12:10,040 Speaker 5: ground for us and Chris, I think we've covered this 235 00:12:10,200 --> 00:12:12,640 Speaker 5: over the course of a number of days or weeks, 236 00:12:13,080 --> 00:12:15,120 Speaker 5: and at the heart of it was what is the 237 00:12:15,200 --> 00:12:18,120 Speaker 5: legal issue here? But just bring us the latest of 238 00:12:18,240 --> 00:12:21,560 Speaker 5: what the judge decided in the moment about the sweepstakes, 239 00:12:22,840 --> 00:12:23,480 Speaker 5: So yeah, hi. 240 00:12:23,640 --> 00:12:27,880 Speaker 7: The judge had a six hour hearing with the DA 241 00:12:28,440 --> 00:12:31,600 Speaker 7: of Philly, Larry Krasner on the stand for a few 242 00:12:31,640 --> 00:12:35,840 Speaker 7: hours and the treasurer of the pack, and almost immediately 243 00:12:35,920 --> 00:12:39,839 Speaker 7: after decided rejected the DA's request for an immediate order 244 00:12:39,960 --> 00:12:43,360 Speaker 7: that would have halted the pack. He didn't explain its reasoning. 245 00:12:43,400 --> 00:12:45,560 Speaker 7: He said he's going to put out an order an 246 00:12:45,600 --> 00:12:47,559 Speaker 7: opinion momentarily. 247 00:12:47,000 --> 00:12:50,720 Speaker 8: That will explain its reasoning. But the DA has. 248 00:12:50,679 --> 00:12:55,960 Speaker 7: Intended that the giveaway violated state lottery laws and also 249 00:12:56,160 --> 00:13:00,440 Speaker 7: on consumer protection laws because it wasn't protecting the confidential 250 00:13:00,960 --> 00:13:04,920 Speaker 7: personal information of the people who won the prize the pack. 251 00:13:05,000 --> 00:13:08,160 Speaker 7: He contended that it actually wasn't a lottery at all. 252 00:13:08,440 --> 00:13:12,800 Speaker 7: It was actually these people were given employment contracts for 253 00:13:12,960 --> 00:13:17,079 Speaker 7: their time as spokespersons for the pack, and they kind 254 00:13:17,080 --> 00:13:18,679 Speaker 7: of said they were being put through the ringers, so 255 00:13:18,760 --> 00:13:21,640 Speaker 7: that's what they were being compensated for. And in fact, 256 00:13:21,679 --> 00:13:23,800 Speaker 7: the treasurer of the pack said on the stand that 257 00:13:23,880 --> 00:13:26,680 Speaker 7: he was surprised to hear Eli call it a random 258 00:13:26,720 --> 00:13:29,959 Speaker 7: giveaway because he said it wasn't. These people were being 259 00:13:30,040 --> 00:13:32,280 Speaker 7: compensated for their time, so that. 260 00:13:32,440 --> 00:13:36,120 Speaker 4: Leads us precisely where Chris, because I suppose there's more 261 00:13:36,160 --> 00:13:39,719 Speaker 4: transparency on actually what this is all about and sort 262 00:13:39,760 --> 00:13:42,920 Speaker 4: of paid spokespeople. But ultimately we're off the hope from 263 00:13:42,920 --> 00:13:45,920 Speaker 4: a legal perspective for the most part. 264 00:13:46,000 --> 00:13:49,040 Speaker 7: Now, the DA continue to pursue damages, and he made 265 00:13:49,080 --> 00:13:51,600 Speaker 7: it clear that he was going to seek more money. 266 00:13:51,640 --> 00:13:55,199 Speaker 7: I mean, this is an emergency injunction motion. So and 267 00:13:55,320 --> 00:13:56,920 Speaker 7: for the most part, like you said, it's kind of 268 00:13:57,000 --> 00:14:00,520 Speaker 7: moot that the giveaway is over. They they're weren't going 269 00:14:00,559 --> 00:14:05,000 Speaker 7: to give away any more money. So Elon last week 270 00:14:05,080 --> 00:14:07,040 Speaker 7: tried to get this move to federal court. 271 00:14:07,160 --> 00:14:08,880 Speaker 8: This is why it took so long. 272 00:14:08,960 --> 00:14:12,000 Speaker 7: The GA only filed this dude a week ago, and 273 00:14:12,160 --> 00:14:14,040 Speaker 7: as were supposed to have you hearing on Thursday. That 274 00:14:14,120 --> 00:14:17,120 Speaker 7: get canceled when Elon tried to move it to federal 275 00:14:17,200 --> 00:14:19,200 Speaker 7: court and then it got punting back to state court. 276 00:14:19,680 --> 00:14:22,480 Speaker 7: So for the most part, this lawsuit is kind of 277 00:14:22,680 --> 00:14:27,560 Speaker 7: over for the moment, and Elon was kind of victorious, 278 00:14:27,600 --> 00:14:30,720 Speaker 7: even though oftensibly, you know, he lost his attempt to 279 00:14:30,760 --> 00:14:31,520 Speaker 7: move it out of court. 280 00:14:32,080 --> 00:14:34,840 Speaker 4: In both Crystal Match on the latest we thank you 281 00:14:35,440 --> 00:14:38,480 Speaker 4: now look Silicon Valley Heavyweights such as in Noamusque. It 282 00:14:38,760 --> 00:14:41,560 Speaker 4: made a significant impact on this year's US election. But 283 00:14:41,680 --> 00:14:45,000 Speaker 4: our next guest says, text involvement began long before the 284 00:14:45,040 --> 00:14:48,400 Speaker 4: twenty twenty four decision. Let's bring in no like technology 285 00:14:48,440 --> 00:14:51,040 Speaker 4: and geopolitics. A fellow at the Harvard Belfa Center, you 286 00:14:51,200 --> 00:14:53,880 Speaker 4: recently wrote an ophead on this exact topic. Just take 287 00:14:53,960 --> 00:14:56,640 Speaker 4: us back in history the States, back to the eighties, 288 00:14:56,760 --> 00:15:01,160 Speaker 4: really the nineties, when technology CEOs really started to make 289 00:15:01,240 --> 00:15:04,560 Speaker 4: their feelings and money known in politics. 290 00:15:05,960 --> 00:15:09,800 Speaker 9: Hi, Caroline, Yes, our current age of tech really began 291 00:15:09,920 --> 00:15:12,520 Speaker 9: in the nineteen eighties with the arrival of the desktop computer, 292 00:15:13,120 --> 00:15:15,360 Speaker 9: and then in the nineteen nineties e commas took off, 293 00:15:15,400 --> 00:15:17,240 Speaker 9: and now we're in sort of the third act of 294 00:15:17,360 --> 00:15:20,440 Speaker 9: this age in terms of AI and of course the 295 00:15:20,520 --> 00:15:23,400 Speaker 9: space phrase. But from the very start, from the nineteen 296 00:15:23,440 --> 00:15:28,840 Speaker 9: eighties Silicon Valleys players, many of whom are still the 297 00:15:28,880 --> 00:15:32,760 Speaker 9: same today as they were then. So people like starting 298 00:15:32,800 --> 00:15:35,480 Speaker 9: with Steve Jobs and right through to Bezos and Mask 299 00:15:36,560 --> 00:15:42,560 Speaker 9: started becoming politically active in the nineteen eighties and engaging 300 00:15:42,760 --> 00:15:45,720 Speaker 9: with the government in terms of the kind of changes 301 00:15:45,760 --> 00:15:50,920 Speaker 9: they wanted for in terms of regulation, investment, and also 302 00:15:51,000 --> 00:15:53,400 Speaker 9: the idea of government as a customer. 303 00:15:53,920 --> 00:15:57,160 Speaker 4: I suppose what potentially has changed here is that one 304 00:15:57,240 --> 00:15:59,680 Speaker 4: of them might well take a very leading role in 305 00:15:59,760 --> 00:16:03,080 Speaker 4: men illustration if indeed Trump does get in and talking 306 00:16:03,120 --> 00:16:05,720 Speaker 4: about Elon Musk. But moreover, it's sort of we're getting 307 00:16:05,760 --> 00:16:09,960 Speaker 4: more transparency about their roles. Is that because of the 308 00:16:10,000 --> 00:16:13,240 Speaker 4: way they're self identifying, or is that because of the 309 00:16:13,360 --> 00:16:15,800 Speaker 4: age of social media we able to find these things out. 310 00:16:17,240 --> 00:16:20,240 Speaker 9: I think it's because, well, we have people like Elon 311 00:16:20,400 --> 00:16:24,080 Speaker 9: Musk being sort of particularly flamboyant in terms of their approach. 312 00:16:24,120 --> 00:16:27,280 Speaker 9: I mean with the million dollar lottery, where there's been 313 00:16:27,360 --> 00:16:30,480 Speaker 9: so much focus on the million bucks. But actually I 314 00:16:30,560 --> 00:16:33,800 Speaker 9: think it's great to have that because we are now 315 00:16:33,960 --> 00:16:36,160 Speaker 9: seeing the power of tech, which was sort of previously 316 00:16:36,640 --> 00:16:39,840 Speaker 9: I think existed. I mean, the PayPal mafia kind of 317 00:16:39,920 --> 00:16:43,720 Speaker 9: functioned as very much with the sort of oath of 318 00:16:43,840 --> 00:16:47,600 Speaker 9: silence or omerta in terms of their political views, and 319 00:16:47,680 --> 00:16:51,920 Speaker 9: we've seen those actually coming out now and just how 320 00:16:52,760 --> 00:16:58,640 Speaker 9: much people like Musk can influence narratives, and not just 321 00:16:58,720 --> 00:17:01,760 Speaker 9: through money, but in terms of how they think about 322 00:17:01,800 --> 00:17:04,479 Speaker 9: the economy, and of course how Musk has also been 323 00:17:04,520 --> 00:17:10,639 Speaker 9: thinking about issues like immigration and voter flaud Now, in. 324 00:17:10,760 --> 00:17:15,399 Speaker 5: Your research, have you found specific evidence that an endorsement 325 00:17:15,520 --> 00:17:19,360 Speaker 5: from a technology leader like Musk, or an appeal from 326 00:17:19,880 --> 00:17:23,520 Speaker 5: leaders in technology to actually go out and vote translates 327 00:17:23,600 --> 00:17:26,520 Speaker 5: to that action by the electorate in the voting base. 328 00:17:28,200 --> 00:17:32,399 Speaker 9: I think it does have some impact. The very first 329 00:17:33,000 --> 00:17:36,560 Speaker 9: Silicon Valley election was took place in nineteen ninety two 330 00:17:37,160 --> 00:17:40,960 Speaker 9: when Clinton actually went out to woule Silicon Valley because 331 00:17:41,160 --> 00:17:44,119 Speaker 9: he wanted to the Democrats to be seen as a 332 00:17:44,320 --> 00:17:49,439 Speaker 9: pro business, pro tech party, and the endorsement that Silicon 333 00:17:49,520 --> 00:17:53,000 Speaker 9: Valley gave him just I think three weeks ahead of 334 00:17:53,080 --> 00:17:58,960 Speaker 9: that election did actually help in terms of shifting the 335 00:17:59,080 --> 00:18:02,040 Speaker 9: mood somewhat. But of course, at that point he was 336 00:18:02,119 --> 00:18:05,520 Speaker 9: already ahead in the polls. So I think it does 337 00:18:06,800 --> 00:18:11,000 Speaker 9: help in some in some way in terms of boosting 338 00:18:11,119 --> 00:18:13,960 Speaker 9: the candidate's credentials, and we've seen that happening this time 339 00:18:14,040 --> 00:18:21,320 Speaker 9: with both Kamla Harris and Trump lying for Silicon Valley endorsements. 340 00:18:22,480 --> 00:18:27,159 Speaker 5: Now, do you believe that technology is a priority for 341 00:18:27,320 --> 00:18:29,000 Speaker 5: both campaigns in this election? 342 00:18:30,440 --> 00:18:34,800 Speaker 9: Yes, absolutely, And I think that when we have candidates 343 00:18:34,920 --> 00:18:39,600 Speaker 9: competing for Silicon Valley votes and endorsements, it means that 344 00:18:39,680 --> 00:18:42,520 Speaker 9: actually it's a win win for Silicon Valley irrespective of 345 00:18:42,560 --> 00:18:45,200 Speaker 9: whether it's Trump or Kamala Harris who ends up in 346 00:18:45,280 --> 00:18:45,960 Speaker 9: the White House. 347 00:18:47,520 --> 00:18:50,639 Speaker 4: I think just broadly, we need to just think about 348 00:18:50,960 --> 00:18:55,720 Speaker 4: ultimately whether the electorate do you think has that transparency, 349 00:18:55,920 --> 00:18:59,879 Speaker 4: that knowledge that with endorsements, with hitting the campaign trail, 350 00:19:00,760 --> 00:19:03,119 Speaker 4: there might well be positives for the companies that they 351 00:19:03,200 --> 00:19:05,600 Speaker 4: run in the later half of the administration. 352 00:19:07,200 --> 00:19:12,760 Speaker 9: I think all of us are becoming much more aware 353 00:19:12,920 --> 00:19:15,119 Speaker 9: of the power of big tech. I mean, we've now 354 00:19:15,200 --> 00:19:17,120 Speaker 9: been living in the age of Tech for the last 355 00:19:17,280 --> 00:19:20,439 Speaker 9: forty years, so I think, yes, the electorate is beginning 356 00:19:20,520 --> 00:19:24,119 Speaker 9: to pay more attention and when we have people like 357 00:19:24,320 --> 00:19:26,920 Speaker 9: Mask making the kind of statements they do, in a way, 358 00:19:27,760 --> 00:19:32,440 Speaker 9: he's helped add to the need for more transparency and 359 00:19:32,520 --> 00:19:36,840 Speaker 9: has made that the process more transparent. In fact, inadvertently. 360 00:19:38,119 --> 00:19:41,440 Speaker 5: Like Technology and Geopolitics Research Fellow at the Belfa Center 361 00:19:41,760 --> 00:19:51,600 Speaker 5: of the Harvard Kennedy School, thank you, welcome. 362 00:19:51,359 --> 00:19:53,440 Speaker 4: Back to BLUEMG Technology. I'm Karine Hyde in New. 363 00:19:53,440 --> 00:19:55,760 Speaker 5: York and I'm ed Loveo in San Francisco. 364 00:19:55,840 --> 00:19:57,600 Speaker 4: It's going to quick check on these markets. We of 365 00:19:57,760 --> 00:20:00,680 Speaker 4: course see people lining up, willing and wanting to be 366 00:20:00,760 --> 00:20:02,440 Speaker 4: able to cast their votes today at the election polls. 367 00:20:02,480 --> 00:20:03,840 Speaker 4: I'm looking at the na's that one hundred up more 368 00:20:03,880 --> 00:20:06,120 Speaker 4: than one percent. In fact, we're seeing big tech leading 369 00:20:06,200 --> 00:20:08,800 Speaker 4: the charge Bitcoin on the higher side as well. So 370 00:20:08,880 --> 00:20:11,280 Speaker 4: see now as some sort of proxy as many feel 371 00:20:11,320 --> 00:20:13,960 Speaker 4: for potentially a Trump administration coming in and one that 372 00:20:14,040 --> 00:20:17,720 Speaker 4: has shown significant support of cryptocurrencies here in the United States. 373 00:20:17,960 --> 00:20:20,000 Speaker 4: But I'm looking at an ecosystem that is led higher 374 00:20:20,080 --> 00:20:23,800 Speaker 4: on the tech side, also by earnings fundamentals. Palenteers still 375 00:20:24,160 --> 00:20:27,720 Speaker 4: showing that the AI demand is resilient and in many 376 00:20:27,800 --> 00:20:30,640 Speaker 4: ways unabound. We're up more than twenty two percent after 377 00:20:30,720 --> 00:20:34,120 Speaker 4: the numbers are beaten raised for Palenteer particularly strong growth 378 00:20:34,119 --> 00:20:36,640 Speaker 4: here in the United States. Super microcomputer. Look, we get 379 00:20:36,720 --> 00:20:39,160 Speaker 4: some numbers after the bell today, but for many it's 380 00:20:39,200 --> 00:20:40,600 Speaker 4: not going to be about the numbers that they show, 381 00:20:40,600 --> 00:20:42,600 Speaker 4: and in fact, we are expecting more than two hundred 382 00:20:42,680 --> 00:20:46,360 Speaker 4: percent increase in their sales for this particular fiscal quarter. 383 00:20:46,480 --> 00:20:48,600 Speaker 4: But people want to know what an earth is going 384 00:20:48,640 --> 00:20:51,600 Speaker 4: on with a DOJ investigation, what on Earth happened in 385 00:20:51,720 --> 00:20:54,360 Speaker 4: terms of them losing their accounting and one on Earth 386 00:20:54,400 --> 00:20:58,240 Speaker 4: about overall the focus on these businesses and transparency around 387 00:20:58,440 --> 00:21:01,359 Speaker 4: super microme. Looking at Trump media, so DJJA up fifteen 388 00:21:01,359 --> 00:21:04,399 Speaker 4: percent seven out of the last eight trading days. ED, 389 00:21:04,600 --> 00:21:07,720 Speaker 4: we've seen double digit moves, quadruple the volatility that we 390 00:21:07,800 --> 00:21:10,240 Speaker 4: see for bitcoin. This again a proxy on Trump and 391 00:21:10,320 --> 00:21:12,240 Speaker 4: a win ED okay. 392 00:21:12,280 --> 00:21:15,560 Speaker 5: A story that broke late last night. Predictions betting platform 393 00:21:15,680 --> 00:21:21,040 Speaker 5: Polymarket has been paying US based influencers to promote election 394 00:21:21,240 --> 00:21:24,040 Speaker 5: betting on the site, even though it's barred from letting 395 00:21:24,080 --> 00:21:27,120 Speaker 5: anyone in the country use the tool to place wages, 396 00:21:27,200 --> 00:21:31,080 Speaker 5: including on today's presidential race. Bloomberg's Margie Murphy broke the 397 00:21:31,160 --> 00:21:34,000 Speaker 5: story and joins us, now, what did you learn? 398 00:21:35,760 --> 00:21:38,800 Speaker 10: Yeah, so, I think a lot of people may have 399 00:21:38,920 --> 00:21:42,760 Speaker 10: seen polymarket across the social media. There's just been a 400 00:21:42,840 --> 00:21:50,680 Speaker 10: flurry of memes and graphics showing Carmela versus Trump with 401 00:21:50,800 --> 00:21:54,920 Speaker 10: a landslide to Trump. And so we were we'd heard 402 00:21:55,160 --> 00:21:59,679 Speaker 10: that Polymarket had been reaching out to US based social 403 00:21:59,720 --> 00:22:03,720 Speaker 10: media influences saying, look, we'll pay for you know, we 404 00:22:03,840 --> 00:22:07,080 Speaker 10: want to sponsor any of your political content. And that 405 00:22:07,240 --> 00:22:10,000 Speaker 10: happened in September and since then that's when we've seen 406 00:22:10,040 --> 00:22:13,600 Speaker 10: this kind of rise of Polymarket partners, and we learned 407 00:22:13,640 --> 00:22:19,800 Speaker 10: that basically, even though Polymarket isn't supposed to be targeting 408 00:22:19,880 --> 00:22:24,760 Speaker 10: a US audience, they're really going for they want the 409 00:22:24,800 --> 00:22:29,480 Speaker 10: eyeballs from the US, and they've been basically picking up 410 00:22:29,520 --> 00:22:32,480 Speaker 10: with any social media influencer who's based in the US, 411 00:22:33,000 --> 00:22:35,440 Speaker 10: not raising any concerns about the fact that their audience 412 00:22:35,520 --> 00:22:38,159 Speaker 10: is US based, and saying kind of, just go for it, polease, like, 413 00:22:38,240 --> 00:22:41,840 Speaker 10: flood your audience with adverts for our market and really 414 00:22:41,960 --> 00:22:45,480 Speaker 10: encouraging people to get on in trade even though technically 415 00:22:45,720 --> 00:22:46,920 Speaker 10: they're not supposed to be doing that. 416 00:22:47,440 --> 00:22:49,760 Speaker 4: Let's talk about whether or not it is indeed trades 417 00:22:49,840 --> 00:22:53,680 Speaker 4: they want, or whether or not Polymarket predictions betting platform 418 00:22:53,800 --> 00:22:57,639 Speaker 4: also brings data for many. Is their counter argument that 419 00:22:57,680 --> 00:23:00,399 Speaker 4: they just want eyeballs people to come to the service, 420 00:23:00,680 --> 00:23:02,560 Speaker 4: even if in the US you're barred from making any 421 00:23:02,600 --> 00:23:04,520 Speaker 4: particular back right. 422 00:23:04,640 --> 00:23:08,119 Speaker 10: So the argument is the poly Market spokesperson said to us, 423 00:23:08,560 --> 00:23:11,200 Speaker 10: ninety nine percent of people are just coming to the 424 00:23:11,280 --> 00:23:14,720 Speaker 10: website to view it as a news source for them, 425 00:23:14,800 --> 00:23:17,800 Speaker 10: and you know, only one percent actually plays trades. And 426 00:23:17,880 --> 00:23:21,520 Speaker 10: that's interesting because the way that it's been shown on 427 00:23:21,640 --> 00:23:25,040 Speaker 10: social media the way that influencers explain to us how 428 00:23:25,040 --> 00:23:27,800 Speaker 10: they were asked to present themselves. It's very much like 429 00:23:27,960 --> 00:23:31,119 Speaker 10: polling data. So when you look at these social media posts, 430 00:23:31,359 --> 00:23:37,040 Speaker 10: it looks like you're viewing pole data. So if this 431 00:23:37,240 --> 00:23:39,600 Speaker 10: one percent who are based outside the US are the 432 00:23:39,680 --> 00:23:43,520 Speaker 10: ones who are actually making these trades and creating this data, 433 00:23:44,160 --> 00:23:48,679 Speaker 10: that means you're seeing kind of predictions from people who 434 00:23:48,680 --> 00:23:51,320 Speaker 10: are outside the US, except it looks like a poll 435 00:23:51,920 --> 00:23:55,400 Speaker 10: and polling data is not supposed to have information from 436 00:23:55,400 --> 00:23:58,520 Speaker 10: anyone outside of the US, So it's a little bit 437 00:23:58,600 --> 00:24:05,959 Speaker 10: manipulative for people who may not understand that it's predictions, Betty, 438 00:24:06,800 --> 00:24:08,879 Speaker 10: because it just it really doesn't like poll data. 439 00:24:09,960 --> 00:24:12,680 Speaker 4: Meanwhile, the ads are viewers, whether they were voting on 440 00:24:12,720 --> 00:24:15,800 Speaker 4: Trump or Harrison, telling them, don't trust the polls. Trust 441 00:24:15,840 --> 00:24:18,879 Speaker 4: the market's fascinating story. Go read it, Margai Murphy. We 442 00:24:19,000 --> 00:24:20,760 Speaker 4: thank you on all things poly markets. Meanwhile, in a 443 00:24:20,800 --> 00:24:25,560 Speaker 4: presidential campaign marked by what seems amplified devisive rhetoric and rumors, 444 00:24:26,200 --> 00:24:29,520 Speaker 4: many are working to combat misinformation. Separate fat from fiction. 445 00:24:29,960 --> 00:24:33,119 Speaker 4: Danielle Lee Thompson so the Center for an Informed Public, 446 00:24:33,200 --> 00:24:36,720 Speaker 4: which focuses on translating research about misinformation into policy. You 447 00:24:36,880 --> 00:24:39,480 Speaker 4: join us now, and Danielle, there is a feeling of 448 00:24:40,200 --> 00:24:43,800 Speaker 4: amplified divisiveness, but is that feeling a reality? 449 00:24:46,400 --> 00:24:48,720 Speaker 2: Good morning, Carolyn, thank you for having me on the show. 450 00:24:49,200 --> 00:24:52,560 Speaker 2: The truth is, when you're online on social media on 451 00:24:52,720 --> 00:24:56,240 Speaker 2: election day, it's like trying to drink water from a 452 00:24:56,359 --> 00:24:59,000 Speaker 2: fire hydrant. There are so many feelings, so much on 453 00:24:59,200 --> 00:25:03,720 Speaker 2: circuit certainty, so much speculation about what is going on, 454 00:25:03,920 --> 00:25:06,480 Speaker 2: that it's actually very hard to get a true sense 455 00:25:06,600 --> 00:25:08,840 Speaker 2: a signal and the noise on a day like today. 456 00:25:09,800 --> 00:25:12,840 Speaker 2: So that's something that it's hard to tell exactly. We're 457 00:25:13,040 --> 00:25:15,560 Speaker 2: trying to sip through all of the rumors that are 458 00:25:15,600 --> 00:25:17,320 Speaker 2: happening to get a sense of what's going on. 459 00:25:18,680 --> 00:25:21,760 Speaker 5: Danielle. We've reported on this program in recent days about how, 460 00:25:22,200 --> 00:25:27,880 Speaker 5: for example, US cybersecurity officials are trying to re establish 461 00:25:28,000 --> 00:25:31,400 Speaker 5: some trust with the voting base. Have you any sort 462 00:25:31,440 --> 00:25:36,639 Speaker 5: of data research study that tells us how in this election, 463 00:25:36,800 --> 00:25:41,000 Speaker 5: literally today in twenty twenty four, misinformation and voter distrust 464 00:25:41,280 --> 00:25:45,000 Speaker 5: will be a factor relative to elections in the past. 465 00:25:47,200 --> 00:25:50,520 Speaker 2: Absolutely, So something that we have to understand that is 466 00:25:50,680 --> 00:25:54,080 Speaker 2: unique about this election in general is that so much 467 00:25:54,119 --> 00:25:58,720 Speaker 2: of the American public is primed to mistrust election results 468 00:25:58,920 --> 00:26:02,800 Speaker 2: on the Republican right, so we think of it as 469 00:26:02,920 --> 00:26:06,119 Speaker 2: kind of like the three c's right now, there are 470 00:26:06,200 --> 00:26:09,680 Speaker 2: people out there who have convinced the American public that 471 00:26:09,840 --> 00:26:14,119 Speaker 2: this election won't be safe, although it overwhelmingly by officials 472 00:26:14,240 --> 00:26:17,680 Speaker 2: it is safe. They encourage folks to go out and 473 00:26:17,800 --> 00:26:22,320 Speaker 2: collect evidence that there's something wrong happening on election day, 474 00:26:22,440 --> 00:26:25,080 Speaker 2: and of course, with one hundred and thirty thousand different 475 00:26:25,119 --> 00:26:28,520 Speaker 2: polling sites in America, there are bound to be irregularities 476 00:26:28,640 --> 00:26:32,080 Speaker 2: or glitches or altercations, but these have remedies, and then 477 00:26:32,160 --> 00:26:36,200 Speaker 2: finally people will go out and try to contest the 478 00:26:36,400 --> 00:26:42,400 Speaker 2: election results or processes or procedures legally or politically after this. So, yes, 479 00:26:42,520 --> 00:26:48,400 Speaker 2: it is true there is increased mistrust, particularly or predominantly 480 00:26:48,440 --> 00:26:53,240 Speaker 2: among Republicans. Democrats tend to trust elections, and we're going 481 00:26:53,280 --> 00:26:55,199 Speaker 2: to see some of that on play out online. 482 00:26:56,359 --> 00:26:59,920 Speaker 5: In twenty twenty, I was in Arizona election in tech 483 00:27:00,400 --> 00:27:03,280 Speaker 5: or the integrity of voting systems was the issue. Then, 484 00:27:03,840 --> 00:27:05,399 Speaker 5: what is the issue now today? 485 00:27:05,800 --> 00:27:05,840 Speaker 2: No? 486 00:27:06,520 --> 00:27:07,240 Speaker 5: Twenty four. 487 00:27:09,440 --> 00:27:12,879 Speaker 2: We've seen a couple of themes emerge in during early 488 00:27:13,040 --> 00:27:16,720 Speaker 2: voting and during today some of those were around alleged 489 00:27:16,840 --> 00:27:21,040 Speaker 2: fraudulent voter registration forms. Some of them are alleged glitches 490 00:27:21,280 --> 00:27:24,400 Speaker 2: in machines that are being extra one small problem being 491 00:27:24,520 --> 00:27:29,440 Speaker 2: extrapolated into a larger conspiracy theory. So those are some 492 00:27:29,640 --> 00:27:33,160 Speaker 2: issues that we've seen and that we will continue to see. 493 00:27:33,480 --> 00:27:36,760 Speaker 2: But it's important to remember that these issues tend to 494 00:27:36,800 --> 00:27:38,760 Speaker 2: have remedies, and that's a good thing. 495 00:27:39,440 --> 00:27:43,600 Speaker 4: Talking of remedies, you're looking and researching into misinformation and 496 00:27:43,640 --> 00:27:46,399 Speaker 4: then trying to convert it into policy. Is their future 497 00:27:46,440 --> 00:27:48,399 Speaker 4: policy that can help tackle this going forward? 498 00:27:50,560 --> 00:27:53,960 Speaker 2: It's a good question. Today we mostly focus on gathering 499 00:27:54,440 --> 00:27:57,960 Speaker 2: different types of data sets of how rumors spread on 500 00:27:58,240 --> 00:28:02,159 Speaker 2: platforms that is going to inform policy change, whether that 501 00:28:02,359 --> 00:28:06,480 Speaker 2: is internal to tech organizations or to government organizations, or 502 00:28:06,520 --> 00:28:10,840 Speaker 2: also to all the different election officials and boards of 503 00:28:10,880 --> 00:28:14,480 Speaker 2: elections around the country who want to gain the trust 504 00:28:14,560 --> 00:28:17,600 Speaker 2: and keep the trust of the American public. So that's 505 00:28:17,600 --> 00:28:20,720 Speaker 2: what we're focused on today, is getting that data to 506 00:28:20,800 --> 00:28:22,080 Speaker 2: help those solutions later. 507 00:28:23,440 --> 00:28:26,879 Speaker 5: Danielle Lee Thompson of the University of Washington, thank you 508 00:28:27,080 --> 00:28:29,560 Speaker 5: very much. Now coming up here on the program, why 509 00:28:29,680 --> 00:28:33,440 Speaker 5: election interference fears could linger, We speak with a former 510 00:28:33,520 --> 00:28:37,480 Speaker 5: chief of staff of the Cybersecurity and Infrastructure Security Agency, 511 00:28:38,080 --> 00:28:41,000 Speaker 5: Kiss and Todd, the snacks, the Spoonberg technology. 512 00:28:53,000 --> 00:28:55,760 Speaker 4: Voters heading out to the polls, top of mind is 513 00:28:55,840 --> 00:28:59,080 Speaker 4: security and alleviating fears of election interference for what could 514 00:28:59,120 --> 00:29:02,160 Speaker 4: be a hotly tested outcome. Joining us to discuss is 515 00:29:02,240 --> 00:29:05,000 Speaker 4: Kiss and Todd, former chief of staff for the Cybersecurity 516 00:29:05,000 --> 00:29:09,120 Speaker 4: and Infrastructure Security Agency, also now president of Creative Agency 517 00:29:09,200 --> 00:29:12,240 Speaker 4: wander Us and we rely and go to your CASO 518 00:29:12,400 --> 00:29:17,400 Speaker 4: and cyber readiness expertise here because we understand the misinformation concerns. 519 00:29:17,440 --> 00:29:19,800 Speaker 4: We were just talking about them with our previous guest. 520 00:29:20,240 --> 00:29:22,680 Speaker 4: Give us the facts that this is resilient, that we 521 00:29:22,800 --> 00:29:23,280 Speaker 4: are safe. 522 00:29:24,720 --> 00:29:25,400 Speaker 2: We are safe. 523 00:29:25,600 --> 00:29:29,440 Speaker 11: So while elections themselves are political, election security is not. 524 00:29:30,160 --> 00:29:34,239 Speaker 11: Election security is national security, and our election officials, our 525 00:29:34,280 --> 00:29:38,960 Speaker 11: election infrastructure stakeholders have never been more prepared to administer 526 00:29:39,160 --> 00:29:42,320 Speaker 11: a safe, secure, and resilient election. What's important to note 527 00:29:42,440 --> 00:29:46,200 Speaker 11: is that after the twenty sixteen election, elections themselves became 528 00:29:46,280 --> 00:29:49,800 Speaker 11: critical infrastructure, which means that we determined, as a federal 529 00:29:49,880 --> 00:29:53,000 Speaker 11: government with industry that elections are critical to how we 530 00:29:53,120 --> 00:29:57,200 Speaker 11: function as a society. Therefore, additional resources have been allocated 531 00:29:57,320 --> 00:29:59,800 Speaker 11: to all of the state and local officials that are 532 00:30:00,120 --> 00:30:03,600 Speaker 11: actively prepare, have actively prepared for, and are now administering 533 00:30:03,640 --> 00:30:04,240 Speaker 11: these elections. 534 00:30:04,560 --> 00:30:06,800 Speaker 4: Can you give us exact details of I mean, resuls 535 00:30:06,920 --> 00:30:10,520 Speaker 4: is one thing, but actual practices, ways in which we 536 00:30:10,680 --> 00:30:13,160 Speaker 4: know and can trust in the systems that exist. 537 00:30:14,120 --> 00:30:15,720 Speaker 10: So first of all, we have to look historically. 538 00:30:15,800 --> 00:30:18,720 Speaker 11: So since the beginning of twenty twenty three, the federal 539 00:30:18,760 --> 00:30:21,600 Speaker 11: government has worked closely with state and local officials to 540 00:30:21,720 --> 00:30:26,320 Speaker 11: conduct physical assessments of election systems. Importantly, to run almost 541 00:30:26,360 --> 00:30:31,320 Speaker 11: two hundred exercises that prepare these individuals and these communities 542 00:30:31,400 --> 00:30:34,680 Speaker 11: in these regions for different scenarios that may come into play. 543 00:30:34,960 --> 00:30:37,560 Speaker 11: It's also important to note that elections are not connected 544 00:30:37,600 --> 00:30:40,840 Speaker 11: to the Internet, therefore giving it a different level of resilience. 545 00:30:41,200 --> 00:30:44,920 Speaker 11: And what's also very critical is that ninety seven percent 546 00:30:45,480 --> 00:30:49,600 Speaker 11: of registered voters are in jurisdictions with paper records, meaning 547 00:30:49,680 --> 00:30:52,520 Speaker 11: we have this backup and this resilience for audits, etc. 548 00:30:54,680 --> 00:30:59,920 Speaker 5: Kissen. Last night, US intelligence agencies issued a joint statement 549 00:31:00,080 --> 00:31:04,640 Speaker 5: that in our reporting we say is unprecedented. Warning the adversaries, 550 00:31:04,800 --> 00:31:08,160 Speaker 5: Russia being at the forefront of it, has stepped up 551 00:31:08,240 --> 00:31:13,600 Speaker 5: efforts to disrupt this election, calling on your experience and 552 00:31:13,760 --> 00:31:19,120 Speaker 5: your time in relevant agencies. Why is that significant, Well, 553 00:31:19,160 --> 00:31:20,040 Speaker 5: what we know is. 554 00:31:20,080 --> 00:31:25,760 Speaker 11: That our foreign adversaries are absolutely conducting malign influence operations 555 00:31:26,040 --> 00:31:29,920 Speaker 11: that have two real goals. The first is to undermine 556 00:31:29,960 --> 00:31:33,000 Speaker 11: the confidence of Americans in our democracy and the second 557 00:31:33,200 --> 00:31:36,880 Speaker 11: is to sow discord, to just pit Americans against one 558 00:31:36,880 --> 00:31:39,840 Speaker 11: another when there's actually nothing there. But what is critical 559 00:31:39,880 --> 00:31:42,960 Speaker 11: about this election is we're seeing the federal government work 560 00:31:43,000 --> 00:31:46,200 Speaker 11: across agencies to put out these joint announcements and to 561 00:31:46,280 --> 00:31:49,760 Speaker 11: get this information out as quickly as possible. This is 562 00:31:49,800 --> 00:31:52,200 Speaker 11: a big difference from where we were in twenty sixteen, 563 00:31:52,560 --> 00:31:55,520 Speaker 11: twenty eighteen, twenty twenty twenty two. It's improved each year. 564 00:31:55,840 --> 00:31:58,200 Speaker 11: So actually the more that we hear about this, the 565 00:31:58,320 --> 00:32:02,000 Speaker 11: better because there is information that we are being able 566 00:32:02,040 --> 00:32:04,480 Speaker 11: to communicate to voters to say, be aware of this, 567 00:32:04,720 --> 00:32:08,120 Speaker 11: so that we're creating a more educated electorate. 568 00:32:09,800 --> 00:32:14,959 Speaker 5: Through cybersecurity. What are the biggest vulnerabilities that a voter today, 569 00:32:15,080 --> 00:32:17,440 Speaker 5: of all days, might face throughout the day. Where is 570 00:32:18,080 --> 00:32:21,560 Speaker 5: this manifesting itself for everyday people. 571 00:32:23,120 --> 00:32:26,680 Speaker 11: I worry less about cybersecurity. I worry more about just 572 00:32:26,800 --> 00:32:30,400 Speaker 11: people's confidence in the system. There's never been a more 573 00:32:30,440 --> 00:32:34,600 Speaker 11: important time for individuals for citizens to believe in the 574 00:32:34,720 --> 00:32:37,680 Speaker 11: resilience of this nation, to believe in our ability to 575 00:32:38,520 --> 00:32:42,000 Speaker 11: conduct safe, secure elections, and to be personally resilient. And 576 00:32:42,160 --> 00:32:45,880 Speaker 11: each voter has accountability and responsibility in this moment to 577 00:32:45,960 --> 00:32:49,440 Speaker 11: get the right information. State and local election officials are 578 00:32:49,560 --> 00:32:52,840 Speaker 11: the trusted sources for information. If a voter has any 579 00:32:52,920 --> 00:32:56,960 Speaker 11: doubt about anything, to go, Typically they're on websites. Vote 580 00:32:56,960 --> 00:32:59,479 Speaker 11: dot Gov can direct you where to go. But it's 581 00:32:59,520 --> 00:33:03,840 Speaker 11: really portant that individuals and voters find this information to 582 00:33:04,120 --> 00:33:04,720 Speaker 11: be secure. 583 00:33:06,560 --> 00:33:10,000 Speaker 5: OK, bear with us. Former President Donald Trump is speaking 584 00:33:10,000 --> 00:33:12,640 Speaker 5: in Palm Beach, Florida, where he's cast his vote. 585 00:33:13,000 --> 00:33:16,240 Speaker 8: In force, So we'll see how it turns out. But 586 00:33:16,360 --> 00:33:19,160 Speaker 8: it seems that they have really shown up in force. 587 00:33:19,240 --> 00:33:22,800 Speaker 8: I just got a call from Dan Patrick in Texas. 588 00:33:22,880 --> 00:33:25,880 Speaker 8: He said, they've never seen anything like It's been great. 589 00:33:32,600 --> 00:33:34,760 Speaker 8: Look regrets, you always have regrets. I can't think of 590 00:33:34,840 --> 00:33:37,200 Speaker 8: any to be honest, to use her expression, I can't 591 00:33:37,240 --> 00:33:41,800 Speaker 8: think of any Look. I ran a great campaign. I 592 00:33:41,880 --> 00:33:44,960 Speaker 8: think it was maybe the best of the three. We 593 00:33:45,120 --> 00:33:48,000 Speaker 8: did great in the first one. We did much better 594 00:33:48,080 --> 00:33:52,320 Speaker 8: in the second one, but something happened and this was 595 00:33:52,360 --> 00:33:54,280 Speaker 8: the best. I would say this was the best campaign. 596 00:33:54,360 --> 00:33:54,720 Speaker 1: Were in. 597 00:33:57,000 --> 00:33:59,680 Speaker 12: The possibility that you and Vice President Harris both might 598 00:33:59,760 --> 00:34:02,160 Speaker 12: not get to two hundred and seventy electoral votes by 599 00:34:02,160 --> 00:34:02,720 Speaker 12: the end of tonight. 600 00:34:03,800 --> 00:34:06,400 Speaker 8: It should never happen. A thing like that should never happen. 601 00:34:06,480 --> 00:34:08,680 Speaker 8: This election should be over. They spend all this money 602 00:34:08,719 --> 00:34:11,880 Speaker 8: on machines, and frankly, if they'd use paper ballots, it 603 00:34:11,920 --> 00:34:14,319 Speaker 8: would be over by ten o'clock. And by the way, 604 00:34:14,400 --> 00:34:17,160 Speaker 8: the paper ballots would cost eight percent. It would be 605 00:34:17,440 --> 00:34:21,560 Speaker 8: eight percent of the cost. If they would use paper ballots, 606 00:34:22,480 --> 00:34:26,640 Speaker 8: voter ID proof of citizenship and one day voting, it 607 00:34:26,680 --> 00:34:28,640 Speaker 8: would all be over by ten o'clock in the evening. 608 00:34:29,040 --> 00:34:33,600 Speaker 8: It's crazy. They use these very expensive computers and they 609 00:34:33,760 --> 00:34:36,600 Speaker 8: I'm hearing in Pennsylvania they won't have an answer till 610 00:34:37,040 --> 00:34:40,600 Speaker 8: two or three days from now. I think it's an 611 00:34:40,760 --> 00:34:44,439 Speaker 8: absolute outrage. If that's the case, well maybe it'll be later. 612 00:34:44,560 --> 00:34:49,080 Speaker 8: But it's paper ballots. In France they went paper ballots 613 00:34:49,120 --> 00:34:51,800 Speaker 8: because the mail in was not working. It was corrupt. 614 00:34:52,640 --> 00:34:56,719 Speaker 8: And in France they went paper ballots, and at ten 615 00:34:56,760 --> 00:34:59,280 Speaker 8: o'clock in the evening they had thirty seven million votes 616 00:34:59,360 --> 00:35:01,640 Speaker 8: counted done, they had a winner, they had a loser, 617 00:35:02,400 --> 00:35:04,080 Speaker 8: and in this country, I mean, I'm just hearing that 618 00:35:04,280 --> 00:35:08,399 Speaker 8: in certain states, it's going to be a long time 619 00:35:08,480 --> 00:35:11,200 Speaker 8: and it won't even be close. It won't even be 620 00:35:11,360 --> 00:35:13,400 Speaker 8: that close. They say I'm going to win the state, 621 00:35:13,960 --> 00:35:16,080 Speaker 8: but it's going to take a long time to certify. 622 00:35:17,080 --> 00:35:19,400 Speaker 12: Did you see a world where you don't declare victory tonight. 623 00:35:20,640 --> 00:35:22,879 Speaker 8: Yeah, I mean, I'm hearing the same things that you're hearing. 624 00:35:22,960 --> 00:35:24,960 Speaker 8: I'm hearing states where I'm up by a lot, but 625 00:35:25,040 --> 00:35:26,960 Speaker 8: they won't have a final number for a long time 626 00:35:28,239 --> 00:35:31,239 Speaker 8: in terms of watching the results and so forth. So 627 00:35:31,640 --> 00:35:34,360 Speaker 8: we're going to have a very special group of people, 628 00:35:35,160 --> 00:35:37,960 Speaker 8: many of whom you know, and they'll be at Marlago. 629 00:35:38,000 --> 00:35:40,680 Speaker 8: In addition, we'll have four or five thousand people at 630 00:35:40,719 --> 00:35:45,000 Speaker 8: the convention center on the assumption I win. I mean, 631 00:35:45,040 --> 00:35:47,440 Speaker 8: I don't know if something else happens. I don't know 632 00:35:47,600 --> 00:35:50,360 Speaker 8: what's going to happen in terms of declaring victory. But 633 00:35:52,480 --> 00:35:55,040 Speaker 8: if in normal times, I would go over to the 634 00:35:55,120 --> 00:35:58,480 Speaker 8: convention center, let's say at ten o'clock or eleven o'clock 635 00:35:58,600 --> 00:36:01,439 Speaker 8: or something. But I just don't know. Well, it looks 636 00:36:01,520 --> 00:36:03,680 Speaker 8: like we have a very substantial lead. It looks like 637 00:36:03,760 --> 00:36:07,000 Speaker 8: we have many more Republicans voting today than Democrats. So 638 00:36:07,160 --> 00:36:09,399 Speaker 8: if you have a lead and we have a bigger vote, 639 00:36:09,440 --> 00:36:11,719 Speaker 8: that means you're doing very well. But they have to 640 00:36:11,800 --> 00:36:16,080 Speaker 8: call a winner. They should, and they should call a winner. Yes, 641 00:36:20,360 --> 00:36:27,800 Speaker 8: I just stopped talking about that. Go ahead. Oh, I 642 00:36:27,840 --> 00:36:30,880 Speaker 8: don't know. I was honored to get Joe Rogan last night. 643 00:36:30,960 --> 00:36:32,920 Speaker 8: I mean, if Joe Rogan's a big deal, is a 644 00:36:33,080 --> 00:36:38,800 Speaker 8: very respected person. And I must tell you Megan was fantastic. 645 00:36:38,920 --> 00:36:40,799 Speaker 8: She got up and said some things that were really 646 00:36:40,840 --> 00:36:43,759 Speaker 8: pretty amazing. But before that, I just think we ran 647 00:36:43,840 --> 00:36:46,719 Speaker 8: a good campaign. I had good policy. I had. We 648 00:36:46,840 --> 00:36:48,759 Speaker 8: want people to come into our country, but they have 649 00:36:48,840 --> 00:36:51,280 Speaker 8: to come in legally. You know. We want strong boarders 650 00:36:51,320 --> 00:36:53,680 Speaker 8: and we want people to come in. We want to 651 00:36:53,719 --> 00:36:55,759 Speaker 8: be totally inclusive, but they have to come in. I 652 00:36:55,800 --> 00:36:57,239 Speaker 8: think that was a big issue. To me, that was 653 00:36:57,280 --> 00:36:59,920 Speaker 8: the biggest issue. I may be wrong. A lot of 654 00:37:00,040 --> 00:37:02,640 Speaker 8: people said inflation. Inflation is a disaster, but I think 655 00:37:02,680 --> 00:37:05,520 Speaker 8: it's a second issue. I think the first is the border. 656 00:37:06,080 --> 00:37:09,120 Speaker 8: We can't allow criminals to be put back into our 657 00:37:09,160 --> 00:37:10,920 Speaker 8: country or to be put into our country. 658 00:37:11,719 --> 00:37:12,160 Speaker 3: So you have. 659 00:37:12,719 --> 00:37:17,040 Speaker 8: Thirteen thousand plus murderers allowed to roam in our country, 660 00:37:17,560 --> 00:37:19,000 Speaker 8: I'm not going to be allowed to have to go. 661 00:37:19,880 --> 00:37:23,719 Speaker 8: You have drug dealers, you have terrorists, you have a 662 00:37:23,840 --> 00:37:26,560 Speaker 8: tremendous amount of people that should not be in our country. 663 00:37:26,640 --> 00:37:29,320 Speaker 8: And we need strong borders in this country. And I 664 00:37:29,360 --> 00:37:31,360 Speaker 8: think people are voting that. I think it's personally. I 665 00:37:31,400 --> 00:37:33,000 Speaker 8: think it's a number one issue. We'll see how it 666 00:37:33,520 --> 00:37:35,600 Speaker 8: pans out, but I think it's a number one issue. 667 00:37:41,640 --> 00:37:44,080 Speaker 8: I don't have to tell them that. I don't have 668 00:37:44,160 --> 00:37:46,520 Speaker 8: to tell I don't have to tell them that there'll 669 00:37:46,520 --> 00:37:48,480 Speaker 8: be no violence. Of course there'll be no violence. My 670 00:37:48,600 --> 00:37:52,239 Speaker 8: supporters are not violent people. I don't have to tell 671 00:37:52,320 --> 00:37:56,000 Speaker 8: them then, and I certainly don't want any violence. But 672 00:37:56,160 --> 00:37:58,120 Speaker 8: I certainly don't have to tell these are great people. 673 00:37:58,680 --> 00:38:03,000 Speaker 8: These are people that believe in no violence. Unlike your question, 674 00:38:03,160 --> 00:38:11,960 Speaker 8: you believe in violence. Where would you be going, Well, 675 00:38:12,000 --> 00:38:13,440 Speaker 8: I think I'll be at mar A Lago for the 676 00:38:13,520 --> 00:38:16,600 Speaker 8: most part. We have a lot of political professionals. I'm 677 00:38:16,640 --> 00:38:20,800 Speaker 8: going over now with Malaney, who I'm very proud of. 678 00:38:20,920 --> 00:38:23,400 Speaker 8: She's got the number one best seller, can you believe 679 00:38:23,440 --> 00:38:26,879 Speaker 8: that he can believe it. But so we're very proud 680 00:38:26,920 --> 00:38:28,680 Speaker 8: of the job she's done with that. Your book is 681 00:38:28,800 --> 00:38:31,200 Speaker 8: number one. But we're going to go over to the 682 00:38:31,280 --> 00:38:34,279 Speaker 8: office in West Palm and we're going to say a 683 00:38:34,320 --> 00:38:38,120 Speaker 8: lot of the workers they've worked very hard for your 684 00:38:38,160 --> 00:38:40,920 Speaker 8: first indication. I think so. I mean, I hear we're 685 00:38:40,960 --> 00:38:43,920 Speaker 8: doing very well there in Georgia. I hear we're doing 686 00:38:44,080 --> 00:38:49,400 Speaker 8: very well. I hear we're doing very well everywhere. Now 687 00:38:49,520 --> 00:38:53,239 Speaker 8: I may be I may regret that statement, but I'm 688 00:38:53,320 --> 00:38:59,920 Speaker 8: hearing that we're doing very well. Would you go out. 689 00:39:05,520 --> 00:39:08,759 Speaker 8: I haven't prepared a speech. I did speeches last night, 690 00:39:09,800 --> 00:39:13,040 Speaker 8: all day long, all night long. At two o'clock in 691 00:39:13,080 --> 00:39:17,560 Speaker 8: the morning, we left and we did a lot of speeches. 692 00:39:17,600 --> 00:39:24,880 Speaker 8: You can probably tell no, I don't have to do that. 693 00:39:25,400 --> 00:39:30,319 Speaker 8: You know, I'm not a Democrat. I'm able to make 694 00:39:30,360 --> 00:39:33,440 Speaker 8: a speech on pretty quick notice if I win. I 695 00:39:33,600 --> 00:39:35,960 Speaker 8: know what I'm going to say, and I don't even 696 00:39:36,000 --> 00:39:38,320 Speaker 8: want to think about the losing part. I would like 697 00:39:38,440 --> 00:39:40,839 Speaker 8: to tell all of the people that are on line 698 00:39:40,960 --> 00:39:45,680 Speaker 8: to stay online. We have tremendous Republican lines and I've 699 00:39:45,719 --> 00:39:49,120 Speaker 8: been asked I actually to say it it takes a while. 700 00:39:50,000 --> 00:39:53,640 Speaker 8: I'd like to just make the satement that I'd like 701 00:39:53,880 --> 00:39:57,400 Speaker 8: the Republicans to stay online. Democrats, if they'd like, they 702 00:39:57,440 --> 00:40:00,800 Speaker 8: can leave, but I like the Republicans to stay online. 703 00:40:10,160 --> 00:40:13,479 Speaker 8: I have no pressure whatsoever. I'm winning big cases. Those 704 00:40:13,560 --> 00:40:15,800 Speaker 8: cases are all being one. The biggest case was the 705 00:40:15,880 --> 00:40:19,120 Speaker 8: Florida case, and it's been one. I appreciate your nice question. 706 00:40:21,640 --> 00:40:25,680 Speaker 8: No pressure nine for nine years, regardless of what happened tonight. 707 00:40:25,760 --> 00:40:26,880 Speaker 8: Is this your last campaign? 708 00:40:27,120 --> 00:40:27,400 Speaker 2: Are you? 709 00:40:27,560 --> 00:40:29,719 Speaker 8: Are you done after this? I would think so. I 710 00:40:30,800 --> 00:40:37,239 Speaker 8: would think, so, said said and very fulfilled. I think 711 00:40:37,320 --> 00:40:41,120 Speaker 8: we're gonna have a very big victory today. Very good, 712 00:40:41,200 --> 00:40:51,879 Speaker 8: thank you, Thank you. Start transition team. But I don't 713 00:40:51,960 --> 00:40:54,800 Speaker 8: like talking about that until I find out how we do. 714 00:40:55,040 --> 00:41:05,080 Speaker 8: I mean, well, it doesn't look we're not looking to 715 00:41:05,160 --> 00:41:07,320 Speaker 8: do damage to a RAM. But they can't have a 716 00:41:07,400 --> 00:41:10,040 Speaker 8: nuclear weapon, and say, you know, my terms are very easy. 717 00:41:10,120 --> 00:41:11,800 Speaker 8: They can't have a nuclear op and I want to. 718 00:41:12,480 --> 00:41:15,000 Speaker 8: I'd like them to be a very successful country, but 719 00:41:15,120 --> 00:41:20,600 Speaker 8: they just can't have a nuclear with well, I think 720 00:41:20,719 --> 00:41:25,960 Speaker 8: Secret Service has been a little bit tougher. To put 721 00:41:25,960 --> 00:41:29,279 Speaker 8: it mildly, I see more machine guns than I've ever 722 00:41:29,320 --> 00:41:32,719 Speaker 8: seen in my life was surrounded by I feel very 723 00:41:32,800 --> 00:41:35,879 Speaker 8: confident with Secret Service. I think they've stepped up. Look, 724 00:41:35,920 --> 00:41:37,680 Speaker 8: for a long time, they didn't give us the help. 725 00:41:37,760 --> 00:41:41,080 Speaker 8: They didn't give us the assets, as they say, the manpower, 726 00:41:41,160 --> 00:41:43,600 Speaker 8: woman power. They didn't give it to us, and would 727 00:41:43,600 --> 00:41:46,439 Speaker 8: have rallies. You saw the rallies fifty sixty thousand people 728 00:41:46,520 --> 00:41:49,600 Speaker 8: and I'd have less people than Joe Biden who had 729 00:41:49,640 --> 00:41:53,040 Speaker 8: five people show up. And I'd have fifty five thousand 730 00:41:53,120 --> 00:41:55,279 Speaker 8: people show up, and I had fewer people than him. 731 00:41:56,160 --> 00:41:58,920 Speaker 8: So they should have done a much better job. And 732 00:41:59,360 --> 00:42:02,600 Speaker 8: by frank and frankly, the President should make a very 733 00:42:02,640 --> 00:42:08,600 Speaker 8: strong statement to the outside world because I think my 734 00:42:08,719 --> 00:42:11,560 Speaker 8: team is incredible. Look, they say it's the best run 735 00:42:11,640 --> 00:42:15,000 Speaker 8: campaign they've seen. Some people say it's the best run 736 00:42:15,120 --> 00:42:18,080 Speaker 8: campaign they've ever seen. But in order to make that stick, 737 00:42:18,080 --> 00:42:18,319 Speaker 8: you have. 738 00:42:18,360 --> 00:42:18,719 Speaker 2: To win. 739 00:42:20,320 --> 00:42:20,680 Speaker 8: Campaign. 740 00:42:20,760 --> 00:42:23,200 Speaker 10: Are you more confident now than you were that you were. 741 00:42:25,239 --> 00:42:27,600 Speaker 8: My team? I'm very confident. And many of them are 742 00:42:27,640 --> 00:42:30,960 Speaker 8: the same players, as you know, Susie. A lot of 743 00:42:31,000 --> 00:42:42,960 Speaker 8: the people of the same players have been very good. Well. 744 00:42:43,120 --> 00:42:45,000 Speaker 8: I think it's ridiculous. You know, Oprah, I was on 745 00:42:45,120 --> 00:42:47,880 Speaker 8: her last show or one of her last shows and 746 00:42:48,080 --> 00:42:50,759 Speaker 8: they picked the biggest people and all of that and 747 00:42:51,719 --> 00:42:55,160 Speaker 8: made a big deal. And I'm actually I'm disappointed. I 748 00:42:55,200 --> 00:42:57,800 Speaker 8: think Oprah has become a major divider in our country, 749 00:42:58,400 --> 00:43:01,160 Speaker 8: and I think frankly should be She's be ashamed of herself. 750 00:43:01,640 --> 00:43:04,280 Speaker 8: And you know who else should be ashamed? Fox? Because 751 00:43:04,320 --> 00:43:07,320 Speaker 8: I've seen Oprah on Fox about fifty times making the 752 00:43:07,400 --> 00:43:10,640 Speaker 8: same statement, and I think it's a disgrace what Fox does. 753 00:43:10,719 --> 00:43:13,680 Speaker 8: Because everyone thinks Fox is so pro Trump, They're not 754 00:43:13,760 --> 00:43:17,640 Speaker 8: pro Trump at all. They've put Oprah on all morning long. 755 00:43:17,760 --> 00:43:20,600 Speaker 8: That's all I see is Oprah. And you know I 756 00:43:20,800 --> 00:43:23,320 Speaker 8: do Oprah very well. She's been a Marlago many times. 757 00:43:23,480 --> 00:43:27,160 Speaker 8: Roger King had his funeral. That's a head of Kingworld, 758 00:43:27,280 --> 00:43:31,919 Speaker 8: which was Oprah's mentor, and Oprah chose the location. She said, 759 00:43:32,000 --> 00:43:34,360 Speaker 8: Marlago is the most beautiful place. Would it be possible 760 00:43:34,400 --> 00:43:37,320 Speaker 8: to have Rogers funeral at mar Alago in the ballroom. 761 00:43:37,360 --> 00:43:39,160 Speaker 8: We did it the only time I've ever had a 762 00:43:39,200 --> 00:43:42,800 Speaker 8: funeral there. And I think Oprah should be ashamed of 763 00:43:42,880 --> 00:43:44,719 Speaker 8: herself to say that she should be a shaped. She 764 00:43:44,840 --> 00:43:47,520 Speaker 8: knows me. She wanted to run with me as a 765 00:43:47,640 --> 00:43:49,720 Speaker 8: vice president. She was going to be the vice president. 766 00:43:49,800 --> 00:43:51,800 Speaker 8: She wrote me a letter, it's in the book. And 767 00:43:51,920 --> 00:43:53,960 Speaker 8: now she goes to make statements like that she's a 768 00:43:54,040 --> 00:43:57,719 Speaker 8: divider and Barack Hussein Obama is a divider too. 769 00:44:00,000 --> 00:44:02,520 Speaker 12: Concerned that you didn't concede the election in twenty twenty 770 00:44:02,560 --> 00:44:04,520 Speaker 12: when you lost, they're concerned that if you lost this election, 771 00:44:04,560 --> 00:44:06,439 Speaker 12: you wouldn't concede again. What do you say to those people? 772 00:44:06,760 --> 00:44:08,960 Speaker 8: I think they're crazy. If I lose an election, if 773 00:44:09,000 --> 00:44:11,400 Speaker 8: it's a fair election, I'm going to I'd be the 774 00:44:11,480 --> 00:44:15,960 Speaker 8: first one to acknowledge it. And I think it's well 775 00:44:16,040 --> 00:44:17,879 Speaker 8: so far, I think it's been fair. I think there's 776 00:44:17,960 --> 00:44:21,600 Speaker 8: been a lot of court cases. Both sides are lawyered up. 777 00:44:22,280 --> 00:44:25,680 Speaker 8: Thousands of lawyers are involved, you know, thousands, can you imagine? 778 00:44:26,680 --> 00:44:28,920 Speaker 8: And part of that is because we have too complicated 779 00:44:29,000 --> 00:44:31,440 Speaker 8: a process. If we had a piece of paper watermark 780 00:44:32,080 --> 00:44:35,320 Speaker 8: you know that paper is more sophisticated now than computers. 781 00:44:35,920 --> 00:44:43,400 Speaker 8: It's watermarked paper, you cannot It's it's unbelievable what happens 782 00:44:43,480 --> 00:44:47,400 Speaker 8: with it. There's nothing you can do to cheat, and 783 00:44:47,520 --> 00:44:50,600 Speaker 8: of course you have practically nothing to run. Think of it. 784 00:44:51,040 --> 00:44:54,360 Speaker 8: We spend hundreds of millions and billions of dollars on 785 00:44:54,440 --> 00:44:57,279 Speaker 8: these campaigns. You could do it for eight percent of 786 00:44:57,400 --> 00:45:00,360 Speaker 8: the cost and have accuracy and we wouldn't have to 787 00:45:00,440 --> 00:45:04,120 Speaker 8: be worried about when is Pennsylvania going to announce? It's 788 00:45:04,160 --> 00:45:17,120 Speaker 8: really a shame. Well, he knows exactly what, but that's 789 00:45:17,200 --> 00:45:19,600 Speaker 8: only based on what RFK told. I don't think RFK 790 00:45:19,719 --> 00:45:24,120 Speaker 8: wanted that. You're talking about health and human services. Let 791 00:45:24,200 --> 00:45:26,600 Speaker 8: me tell you he's a great guy, RFK, and he's 792 00:45:26,680 --> 00:45:28,319 Speaker 8: going to do pretty much what he wants as far 793 00:45:28,320 --> 00:45:31,279 Speaker 8: as I'm concerned. He wants health for women, for men, 794 00:45:31,440 --> 00:45:34,520 Speaker 8: for children, and I happen to agree with a lot 795 00:45:34,600 --> 00:45:37,200 Speaker 8: of the things he says. The one thing I told 796 00:45:37,280 --> 00:45:39,680 Speaker 8: him and I've told you in speeches for the last 797 00:45:39,719 --> 00:45:42,000 Speaker 8: two weeks, we got to keep them away from the 798 00:45:42,080 --> 00:45:44,440 Speaker 8: liquid goal because the liquid goal we have more than 799 00:45:44,480 --> 00:45:47,840 Speaker 8: any of it. It's oiled called oil and gas. That 800 00:45:47,960 --> 00:45:48,880 Speaker 8: one I'm going to handle. 801 00:45:51,440 --> 00:45:51,600 Speaker 7: Well. 802 00:45:51,640 --> 00:45:53,719 Speaker 8: I'd be honored to have him now, and I haven't 803 00:45:53,719 --> 00:45:57,680 Speaker 8: spoken a hard about that, but look, if you think 804 00:45:57,719 --> 00:46:01,560 Speaker 8: of it, he came in third, you know, and running 805 00:46:01,600 --> 00:46:03,800 Speaker 8: for president, right, He ran a very good race. He 806 00:46:04,680 --> 00:46:08,279 Speaker 8: had obstacles. The Democrats just really unfairly put obstacles up, 807 00:46:08,320 --> 00:46:11,839 Speaker 8: and hence A Kennedy left the Democrat Party for the Republicans. 808 00:46:12,520 --> 00:46:14,600 Speaker 8: There's a very smart Guy's are very carey guy. It's 809 00:46:14,680 --> 00:46:16,800 Speaker 8: very popular too. We get up and introduce him, the 810 00:46:16,840 --> 00:46:20,239 Speaker 8: place goes well. No, we love having them, and you 811 00:46:20,280 --> 00:46:23,759 Speaker 8: know who else. We love having Elon He's been great 812 00:46:24,040 --> 00:46:28,000 Speaker 8: and everybody. Look, everybody getting Joe Rogan last night and 813 00:46:28,160 --> 00:46:31,440 Speaker 8: Megan Cally. We just have This is very inclusive. This 814 00:46:31,600 --> 00:46:36,880 Speaker 8: is a movement. This is the greatest political movement in 815 00:46:36,960 --> 00:46:40,600 Speaker 8: the history of our country. And even new people and 816 00:46:41,719 --> 00:46:46,160 Speaker 8: some of you affairs sometimes, but it's the greatest movement 817 00:46:46,239 --> 00:46:49,000 Speaker 8: in the history of our country. And I've made that 818 00:46:49,120 --> 00:46:52,440 Speaker 8: statement a thousand times. It has never been challenged. It 819 00:46:52,560 --> 00:46:55,880 Speaker 8: is the greatest movement. And we're going to make America 820 00:46:55,960 --> 00:46:56,399 Speaker 8: great again. 821 00:46:56,480 --> 00:46:58,600 Speaker 5: Thinks recap on the podcast. You know where to find 822 00:46:58,640 --> 00:47:01,120 Speaker 5: it online on those platforms. Do on the Bloomberg ones 823 00:47:01,160 --> 00:47:03,360 Speaker 5: as well. Thank you team in New York, Thank you 824 00:47:03,520 --> 00:47:07,040 Speaker 5: team here in San Francisco. Get some rest because there's 825 00:47:07,080 --> 00:47:09,440 Speaker 5: a lot more to come. This is Bloomberg Technology