1 00:00:02,920 --> 00:00:07,280 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,760 --> 00:00:13,280 Speaker 2: You're listening to the Bloomberg Balance of Power podcast. Catch 3 00:00:13,360 --> 00:00:16,400 Speaker 2: Just Live weekdays at noon Eastern on Appocarplay, and then 4 00:00:16,520 --> 00:00:19,920 Speaker 2: Roudo with the Bloomberg Business app. Listen on demand wherever 5 00:00:20,000 --> 00:00:25,640 Speaker 2: you get your podcasts, or watch us live on YouTube. 6 00:00:25,680 --> 00:00:28,000 Speaker 3: As we consider what we're going to hear a little 7 00:00:28,000 --> 00:00:31,880 Speaker 3: bit later on today from Joe Biden and Kamala Harris. 8 00:00:31,880 --> 00:00:34,360 Speaker 3: They're coming together in Prince George's County, Maryland, which is 9 00:00:34,440 --> 00:00:38,080 Speaker 3: just outside just across the Potomac from Washington, d C. 10 00:00:38,280 --> 00:00:42,680 Speaker 3: And we're going to see this Bidenomics turning into Kamala 11 00:00:42,720 --> 00:00:44,320 Speaker 3: namics before our eyes. 12 00:00:44,400 --> 00:00:44,680 Speaker 2: Here. 13 00:00:45,120 --> 00:00:48,760 Speaker 3: Important to the White House announcing this morning that Medicare 14 00:00:48,840 --> 00:00:52,240 Speaker 3: is expected to save six billion dollars from the first 15 00:00:52,320 --> 00:00:54,880 Speaker 3: round of price negotiations. You're gonna hear Joe Biden talk 16 00:00:54,920 --> 00:00:58,760 Speaker 3: about this. It involves ten widely used drugs, seniors, they say, 17 00:00:58,800 --> 00:01:01,320 Speaker 3: saving one and a half billion dollars out of pocket. 18 00:01:01,600 --> 00:01:05,399 Speaker 3: This is on brand if you're talking about lowering prices. 19 00:01:05,920 --> 00:01:08,640 Speaker 3: That's the point of this today, the progress that's been 20 00:01:08,680 --> 00:01:13,280 Speaker 3: made so far. Tomorrow, Kamala Harris in North Carolina is 21 00:01:13,319 --> 00:01:15,560 Speaker 3: going to roll out her whole economic package here and 22 00:01:15,680 --> 00:01:19,080 Speaker 3: presumably give us a sense of where we go from here. 23 00:01:19,560 --> 00:01:22,520 Speaker 3: And will there be differences in the Joe Biden versus 24 00:01:22,600 --> 00:01:24,720 Speaker 3: Kamala Harris approach. We don't know, and that's why we're 25 00:01:24,760 --> 00:01:26,880 Speaker 3: going to be listening, But we do want to stop 26 00:01:26,920 --> 00:01:30,440 Speaker 3: down for an important moment in political history. If you 27 00:01:30,480 --> 00:01:33,560 Speaker 3: listen to or watch this program, this is obviously important 28 00:01:33,560 --> 00:01:35,200 Speaker 3: to you, and it certainly is to Adam Hodge. We 29 00:01:35,200 --> 00:01:37,840 Speaker 3: wanted to bring in Adam based on his experience as 30 00:01:37,840 --> 00:01:40,520 Speaker 3: an advisor to Joe Biden, a member of this administration 31 00:01:40,640 --> 00:01:44,560 Speaker 3: before he became managing director at Bully Pulpit International spokesman 32 00:01:44,880 --> 00:01:46,880 Speaker 3: by the way, for the National Security Council. That was 33 00:01:46,920 --> 00:01:49,200 Speaker 3: his area of expertise in the White House. And Adam, 34 00:01:49,240 --> 00:01:51,640 Speaker 3: it's great to see you today. You've been talking to 35 00:01:51,720 --> 00:01:54,680 Speaker 3: us through this whole process of Joe Biden coming to 36 00:01:54,680 --> 00:01:57,320 Speaker 3: grips with what's happening, his decision to drop out, and 37 00:01:57,320 --> 00:01:59,200 Speaker 3: now today it's been a while now, it's been a 38 00:01:59,200 --> 00:02:02,480 Speaker 3: couple of weeks. Today he'll be actually on a stage 39 00:02:02,800 --> 00:02:04,920 Speaker 3: with Kamala Harris. What's this going to feel like? 40 00:02:05,880 --> 00:02:08,799 Speaker 4: I think it'll feel like a really great opportunity for 41 00:02:08,880 --> 00:02:12,680 Speaker 4: him to pass the baton physically right and all leading 42 00:02:12,720 --> 00:02:17,160 Speaker 4: into what should be a very raucous and warm welcome 43 00:02:17,240 --> 00:02:20,600 Speaker 4: for him at the convention in Chicago next week. There's 44 00:02:20,639 --> 00:02:23,520 Speaker 4: an opportunity for him to really help her in some 45 00:02:23,600 --> 00:02:25,600 Speaker 4: of the areas where he was particularly strong at the 46 00:02:25,600 --> 00:02:27,880 Speaker 4: campaign trail. I mean, I think he went to Scranton 47 00:02:28,000 --> 00:02:31,760 Speaker 4: more times as president than just about any president in history, right, 48 00:02:32,160 --> 00:02:35,440 Speaker 4: So I think you'll continue to see him almost like 49 00:02:36,280 --> 00:02:39,519 Speaker 4: be the permission structure for some of the voters who 50 00:02:39,600 --> 00:02:42,440 Speaker 4: were following and who believed and who loved Joe Biden 51 00:02:42,480 --> 00:02:45,440 Speaker 4: in some of those middle class areas of the country, 52 00:02:46,040 --> 00:02:48,080 Speaker 4: to him passing the torch and say you can trust 53 00:02:48,120 --> 00:02:50,560 Speaker 4: Kamala Harris to fight for you, just like you trusted me. 54 00:02:50,880 --> 00:02:53,080 Speaker 4: That is I think going to be the overarching theme 55 00:02:53,840 --> 00:02:57,600 Speaker 4: of his effort on her behalf over the next few 56 00:02:57,639 --> 00:02:58,440 Speaker 4: weeks of the campaign. 57 00:02:58,440 --> 00:03:00,919 Speaker 3: Interesting, how difficult is it's going to be for him. 58 00:03:01,040 --> 00:03:03,760 Speaker 3: At the same time, he's addressed the American people from 59 00:03:03,800 --> 00:03:06,760 Speaker 3: the Oval Office, He's done a couple of interviews, But 60 00:03:06,880 --> 00:03:09,120 Speaker 3: to stand up there and remember what that was like, 61 00:03:09,160 --> 00:03:10,720 Speaker 3: to soak this up. It's gonna be one of the 62 00:03:10,800 --> 00:03:12,880 Speaker 3: last political rallies he's ever involved in. 63 00:03:13,360 --> 00:03:16,799 Speaker 4: Well, I mean, we've got eighty five whatever days until 64 00:03:16,840 --> 00:03:19,000 Speaker 4: election day. He's got plenty more rallies to go. I 65 00:03:19,080 --> 00:03:21,240 Speaker 4: think the convention will be again one of those moments 66 00:03:21,240 --> 00:03:25,320 Speaker 4: where he will feel the love from the party. I 67 00:03:25,320 --> 00:03:28,440 Speaker 4: think it's an important moment for him, though, and for 68 00:03:28,480 --> 00:03:31,440 Speaker 4: her to talk about their success that they've had trying 69 00:03:31,440 --> 00:03:33,520 Speaker 4: to fight inflation and lowering costs, right, I mean, and 70 00:03:33,760 --> 00:03:36,400 Speaker 4: their real economic record that they can both own together. 71 00:03:36,600 --> 00:03:38,160 Speaker 3: Well, you know, and I ask you that knowing that 72 00:03:38,200 --> 00:03:40,640 Speaker 3: he may well make appearances on the trail, but it's 73 00:03:40,640 --> 00:03:41,800 Speaker 3: not gonna be about him anymore. 74 00:03:41,960 --> 00:03:45,320 Speaker 4: No, But that's he again. He said when he was 75 00:03:45,400 --> 00:03:49,560 Speaker 4: running he was a transformational candidate. He was going to 76 00:03:49,640 --> 00:03:52,480 Speaker 4: pass the baton. It may have not happened exactly in 77 00:03:52,520 --> 00:03:55,640 Speaker 4: the timeline that he envisioned. I think clearly there's been 78 00:03:55,680 --> 00:03:59,480 Speaker 4: reporting that he thinks he still could win, but I 79 00:03:59,480 --> 00:04:03,120 Speaker 4: think it's an opportunity for him to also help hand 80 00:04:03,160 --> 00:04:07,080 Speaker 4: over the economic record. So sixteen million jobs we saw 81 00:04:07,160 --> 00:04:11,040 Speaker 4: this week, three hundred thousand clean energy jobs, and you've 82 00:04:11,080 --> 00:04:15,600 Speaker 4: seen actually what I found fascinating her a favorability on 83 00:04:15,640 --> 00:04:18,400 Speaker 4: the economy has actually ticked up. Of the last few weeks. 84 00:04:18,440 --> 00:04:21,120 Speaker 4: She's pulled even or close to even with Trump and 85 00:04:21,160 --> 00:04:25,120 Speaker 4: a lot of the economic who they trust on the economy. 86 00:04:25,320 --> 00:04:28,400 Speaker 4: That's real momentum that I think captures some of this 87 00:04:28,560 --> 00:04:31,840 Speaker 4: passing of the torch. Now it's on her to take 88 00:04:31,880 --> 00:04:34,200 Speaker 4: it and take the baton and run through. 89 00:04:34,520 --> 00:04:36,919 Speaker 3: I saw the pole which I think you're referring to, 90 00:04:36,960 --> 00:04:38,599 Speaker 3: which I know is very good news for the campaign. 91 00:04:38,600 --> 00:04:41,040 Speaker 3: It argues with some other polls that would suggest this 92 00:04:41,080 --> 00:04:43,320 Speaker 3: is still Donald Trump's issue to lose. He had an 93 00:04:43,320 --> 00:04:45,960 Speaker 3: opportunity to talk about it yesterday, didn't say a lot 94 00:04:46,680 --> 00:04:49,279 Speaker 3: about his economic plan where he got the Hannibal lecter 95 00:04:49,480 --> 00:04:52,080 Speaker 3: and all the rest of this stuff. What kind of 96 00:04:52,080 --> 00:04:54,320 Speaker 3: an opportunity does that present for Kamala Harris? And I 97 00:04:54,320 --> 00:04:56,160 Speaker 3: ask you that, knowing there's reporting today she's going to 98 00:04:56,200 --> 00:04:59,400 Speaker 3: call on Congress, according to Politico, to pass a federal 99 00:04:59,480 --> 00:05:03,480 Speaker 3: ban on price gouging tomorrow, how specific does she need 100 00:05:03,520 --> 00:05:05,880 Speaker 3: to be about her plans to draw a contrast to 101 00:05:05,960 --> 00:05:06,600 Speaker 3: Donald Trump. 102 00:05:07,080 --> 00:05:09,680 Speaker 4: I mean to go back to your point, Yesterday could 103 00:05:09,720 --> 00:05:12,560 Speaker 4: not have been a more stark contrast for Trump. You've 104 00:05:12,600 --> 00:05:15,080 Speaker 4: got CPI coming down below three percent for the first 105 00:05:15,120 --> 00:05:18,279 Speaker 4: time in almost three years, and then he's talking about 106 00:05:18,320 --> 00:05:21,680 Speaker 4: raising tariffs to twenty percent, which would but the Peterson Institute, 107 00:05:21,760 --> 00:05:25,880 Speaker 4: non Partisan said would raise costs about seventeen hundred bucks 108 00:05:25,920 --> 00:05:30,320 Speaker 4: for hardworking families. Pivot to tomorrow. She's got an opportunity 109 00:05:30,360 --> 00:05:33,400 Speaker 4: to lay out of contrast. She is coming out with 110 00:05:33,440 --> 00:05:36,800 Speaker 4: an idea, a proposal that she thinks will lower costs 111 00:05:37,000 --> 00:05:39,920 Speaker 4: in the grocery store. Trump, you didn't say. 112 00:05:39,960 --> 00:05:40,600 Speaker 3: He talked a lot. 113 00:05:40,480 --> 00:05:43,320 Speaker 4: About grocery prices yesterday, but there wasn't really any detail 114 00:05:43,320 --> 00:05:45,640 Speaker 4: about what he'd do about it. Sure, the price gouging 115 00:05:45,720 --> 00:05:48,680 Speaker 4: plan is certainly an opportunity to pick up on some 116 00:05:48,720 --> 00:05:51,040 Speaker 4: of the key messages they've talked about about lowering prices, 117 00:05:51,040 --> 00:05:54,679 Speaker 4: whether it's Inflation Reduction Act and lowering costs for insulin, 118 00:05:54,920 --> 00:05:57,680 Speaker 4: prescription drug out of pocket costs, those are all pieces 119 00:05:57,720 --> 00:06:01,920 Speaker 4: of their agenda, and it is I think also speaks 120 00:06:01,920 --> 00:06:05,160 Speaker 4: to a more empowered FTC and a terrorist administration. There's 121 00:06:05,160 --> 00:06:09,200 Speaker 4: been a lot of questions about what that sy Well 122 00:06:09,360 --> 00:06:11,680 Speaker 4: I mean. I think one of the things they signal 123 00:06:11,760 --> 00:06:13,599 Speaker 4: was that the FTC would take a look at some 124 00:06:13,720 --> 00:06:17,680 Speaker 4: of the mergers in this in the grocery space, you 125 00:06:17,800 --> 00:06:21,200 Speaker 4: already saw the Biden administration industry specific to that industry after. 126 00:06:21,120 --> 00:06:22,279 Speaker 3: We went through the Kroger affairs. 127 00:06:22,320 --> 00:06:24,760 Speaker 4: Well, the rest right and that FTC suit is still 128 00:06:24,920 --> 00:06:27,560 Speaker 4: still ongoing, right, So I think that is something that 129 00:06:28,600 --> 00:06:31,560 Speaker 4: investors and companies should be paying attention to. She's signaling 130 00:06:31,600 --> 00:06:35,159 Speaker 4: her intention as this is one area where people actually 131 00:06:35,200 --> 00:06:37,200 Speaker 4: feel it, and I think that is where it makes 132 00:06:37,240 --> 00:06:40,800 Speaker 4: part like good politics makes good policy for her in 133 00:06:40,920 --> 00:06:42,960 Speaker 4: the campaign, they feel like this is a chance for 134 00:06:43,000 --> 00:06:45,479 Speaker 4: them to drive an affirmative agenda and look at a 135 00:06:45,520 --> 00:06:48,120 Speaker 4: forward looking agenda as opposed to Trump, who wants to 136 00:06:48,120 --> 00:06:48,600 Speaker 4: take us back. 137 00:06:48,640 --> 00:06:52,200 Speaker 3: Your specialty is national security. You were a national security advisor, 138 00:06:52,240 --> 00:06:54,760 Speaker 3: of course in the White House, and this president has 139 00:06:54,800 --> 00:06:59,920 Speaker 3: been associated with foreign policy for many years in his career. 140 00:07:00,080 --> 00:07:04,360 Speaker 3: Kamala Harris doesn't have the experience that Joe Biden had 141 00:07:04,400 --> 00:07:06,200 Speaker 3: coming into the White House, but there are a lot 142 00:07:06,240 --> 00:07:09,040 Speaker 3: of questions about what difference there might be in their 143 00:07:09,040 --> 00:07:11,560 Speaker 3: approach to foreign policy. I wonder what you think about that. 144 00:07:11,680 --> 00:07:13,880 Speaker 3: Knowing that they're going to be a couple of dozen 145 00:07:13,920 --> 00:07:17,680 Speaker 3: of uncommitted delegates in Chicago, rarely have thirty people made 146 00:07:17,680 --> 00:07:21,520 Speaker 3: so much noise who are still upset about Israel policy. 147 00:07:22,240 --> 00:07:27,440 Speaker 3: These are pro Palestinian protesters. What should they know about 148 00:07:27,480 --> 00:07:29,880 Speaker 3: Kamala Harris, if anything, that's different than Joe Biden. 149 00:07:30,400 --> 00:07:33,480 Speaker 4: The important thing to remember she actually comes into office 150 00:07:33,560 --> 00:07:36,920 Speaker 4: with one of the strongest foreign policy records of experience 151 00:07:37,160 --> 00:07:39,720 Speaker 4: than any other president since Joe Biden, I mean just 152 00:07:40,040 --> 00:07:42,720 Speaker 4: at being the vice president. She traveled the world, spoke 153 00:07:42,760 --> 00:07:46,400 Speaker 4: to world leaders ahead of Russia's invasion of Ukraine. She's 154 00:07:46,440 --> 00:07:49,400 Speaker 4: talked pretty passionately about the plight of the people of 155 00:07:49,400 --> 00:07:52,960 Speaker 4: Gaza in this crisis, and she's spoken, I think very 156 00:07:52,960 --> 00:07:56,840 Speaker 4: effectively also about the need for a ceasefire and also 157 00:07:56,920 --> 00:08:00,040 Speaker 4: Israel's right to defend itself and the real need to 158 00:08:00,040 --> 00:08:04,280 Speaker 4: bring the hostages home. She's an effective communicator on these issues. 159 00:08:04,680 --> 00:08:07,400 Speaker 4: I think you're going to see and what you were 160 00:08:07,440 --> 00:08:10,240 Speaker 4: all looking and watching with bated breath about what may 161 00:08:10,280 --> 00:08:11,840 Speaker 4: happen in the Middle East this week. 162 00:08:12,160 --> 00:08:13,000 Speaker 2: Does she think. 163 00:08:12,800 --> 00:08:15,680 Speaker 3: Differently about this than he does or is it a 164 00:08:15,720 --> 00:08:18,320 Speaker 3: continuation of what we've seen for the last three years. 165 00:08:18,360 --> 00:08:21,520 Speaker 3: Donald Trump made the point yesterday that her desk is 166 00:08:21,560 --> 00:08:24,880 Speaker 3: ten steps away from the Oval office, that cuts both ways, 167 00:08:24,880 --> 00:08:26,200 Speaker 3: depending on what you're talking about. 168 00:08:26,200 --> 00:08:28,520 Speaker 4: Well, but she's been in this situation for some of 169 00:08:28,560 --> 00:08:32,679 Speaker 4: the president's toughest calls. She was there on April thirteenth 170 00:08:32,760 --> 00:08:35,840 Speaker 4: when Iran launched hundreds of initials into the situation room 171 00:08:36,160 --> 00:08:39,000 Speaker 4: and helping give the president advice and council. So I 172 00:08:39,000 --> 00:08:41,600 Speaker 4: think you will see a lot of continuity in their approach, 173 00:08:41,640 --> 00:08:43,640 Speaker 4: and some of the officials who were part of the 174 00:08:43,720 --> 00:08:48,040 Speaker 4: National Security team will I think likely to stick around, 175 00:08:49,000 --> 00:08:50,720 Speaker 4: who are part of her team will stick around, and 176 00:08:51,000 --> 00:08:54,240 Speaker 4: if she becomes president, I think the important she talks 177 00:08:54,280 --> 00:08:58,959 Speaker 4: about alliances. She talks about rebuilding America's image on the 178 00:08:58,960 --> 00:09:01,600 Speaker 4: world stage. That's something that Joe Biden invested a ton 179 00:09:01,640 --> 00:09:04,760 Speaker 4: of time ago, right, that is part of his agenda, 180 00:09:05,000 --> 00:09:07,679 Speaker 4: but it's also the right thing to do. It is 181 00:09:08,480 --> 00:09:10,679 Speaker 4: in a way for us to be more effective things 182 00:09:10,720 --> 00:09:14,600 Speaker 4: like bringing hostages home from abroad. That only happens if 183 00:09:14,640 --> 00:09:18,080 Speaker 4: you have the relationships with world leaders. The good news 184 00:09:18,080 --> 00:09:21,000 Speaker 4: for her, she can talk about how she's cultivated some 185 00:09:21,040 --> 00:09:25,240 Speaker 4: of those relationships while she's been been Vice president. That's 186 00:09:25,280 --> 00:09:28,160 Speaker 4: her objective, I think in laying out that vision over 187 00:09:28,200 --> 00:09:29,920 Speaker 4: the next ninety odd days. 188 00:09:29,800 --> 00:09:31,679 Speaker 3: And they took a picture for me. If we start 189 00:09:31,679 --> 00:09:35,319 Speaker 3: in Chicago on Monday against the backdrop of an Iranian 190 00:09:35,720 --> 00:09:40,880 Speaker 3: retaliatory strike against Israel, how does that change the optics 191 00:09:40,960 --> 00:09:43,880 Speaker 3: the conversation and her challenge when she speaks. 192 00:09:44,400 --> 00:09:47,800 Speaker 4: I mean, it will obviously inject an issue into the 193 00:09:47,800 --> 00:09:51,240 Speaker 4: campaign that war in the Middle East is not anything 194 00:09:51,280 --> 00:09:54,960 Speaker 4: anybody wants to have have happened, because it really means 195 00:09:55,120 --> 00:09:56,840 Speaker 4: people's lives are being lost. I mean, like that's a 196 00:09:56,880 --> 00:10:00,760 Speaker 4: real human cost to that conflict. I think for her 197 00:10:01,040 --> 00:10:03,800 Speaker 4: it is an opportunity for her to reassert her credentials 198 00:10:03,960 --> 00:10:07,760 Speaker 4: as a leader for the presidency, and that is something 199 00:10:07,760 --> 00:10:10,680 Speaker 4: that she has to try to convince the American people. 200 00:10:10,720 --> 00:10:14,160 Speaker 4: And I have the experience, I have the judgment, which 201 00:10:14,200 --> 00:10:16,600 Speaker 4: is key to make the right decisions to be your 202 00:10:16,600 --> 00:10:19,640 Speaker 4: commander in chief. That is something that I think she 203 00:10:19,760 --> 00:10:23,320 Speaker 4: has done a good job of so far. That's another 204 00:10:23,320 --> 00:10:25,079 Speaker 4: opportunity for her. I think it more of it as 205 00:10:25,080 --> 00:10:27,080 Speaker 4: an opportunity to show her leadership credentials. 206 00:10:27,120 --> 00:10:29,520 Speaker 3: Just have a minute left. To what extent will she 207 00:10:29,559 --> 00:10:34,080 Speaker 3: go to draw contrast with Joe Biden tomorrow when she 208 00:10:34,120 --> 00:10:35,160 Speaker 3: speaks to the economy. 209 00:10:35,559 --> 00:10:37,720 Speaker 4: Oh, I don't think you'll see a whole lot of contrast. 210 00:10:37,800 --> 00:10:40,280 Speaker 4: I think it'll be about laying out where she wants 211 00:10:40,320 --> 00:10:43,600 Speaker 4: to build on his record again, like sixteen million jobs 212 00:10:43,840 --> 00:10:48,559 Speaker 4: three three hundred thousand jobs in the clean energy sector alone. 213 00:10:48,960 --> 00:10:52,120 Speaker 4: Those are real building blocks to go further. She's talked 214 00:10:52,160 --> 00:10:55,160 Speaker 4: about the care economy, people, paid family leave. Those are 215 00:10:55,160 --> 00:10:58,400 Speaker 4: all really popular policies that she wants to build on. 216 00:10:58,480 --> 00:11:01,800 Speaker 4: It's not about sort of separate and putting Joe Biden's 217 00:11:01,800 --> 00:11:04,720 Speaker 4: policies to the side. It's taking the progress and building 218 00:11:04,760 --> 00:11:05,079 Speaker 4: on it. 219 00:11:05,200 --> 00:11:07,920 Speaker 3: We'll be watching for that baton today with Adam hodgen Might. 220 00:11:08,000 --> 00:11:10,640 Speaker 3: He's managing director of Bully Pulpit, a veteran of the 221 00:11:10,640 --> 00:11:13,280 Speaker 3: Biden White House. Thanks for being with us. As always, Adam, 222 00:11:13,320 --> 00:11:17,360 Speaker 3: it's great to talk to you. 223 00:11:17,360 --> 00:11:20,640 Speaker 2: You're listening to the Bloomberg Balance of Power podcast can 224 00:11:20,840 --> 00:11:23,880 Speaker 2: just live weekdays at noon Eastern on Applecarplay and then 225 00:11:23,960 --> 00:11:26,920 Speaker 2: Ronoo with the Bloomberg Business app. You can also listen 226 00:11:27,000 --> 00:11:30,120 Speaker 2: live on Amazon Alexa from our flagship New York station 227 00:11:30,520 --> 00:11:33,199 Speaker 2: Just Say Alexa Play Bloomberg eleven thirty. 228 00:11:35,440 --> 00:11:37,520 Speaker 3: Thanks for joining us here on the Thursday edition of 229 00:11:37,600 --> 00:11:40,960 Speaker 3: Balance of Power on Bloomberg Radio on the satellite and 230 00:11:41,040 --> 00:11:43,600 Speaker 3: on YouTube. Join us now search Bloomberg Business News Live. 231 00:11:43,640 --> 00:11:45,839 Speaker 3: You'll see our live stream there with all of our 232 00:11:45,880 --> 00:11:48,840 Speaker 3: shows throughout the day from New York to Washington, d C. Where, 233 00:11:48,840 --> 00:11:53,120 Speaker 3: of course we're laser focused on the economy with more data. 234 00:11:53,160 --> 00:11:55,240 Speaker 3: Today we talked about that with Anna Wong and on 235 00:11:55,280 --> 00:11:58,319 Speaker 3: the campaign trail, the Big hand off. Today Joe Biden 236 00:11:58,400 --> 00:12:02,360 Speaker 3: Kamala Harris on stage for the time since Joe Biden 237 00:12:02,400 --> 00:12:04,079 Speaker 3: decided to drop out of the race. It's been a 238 00:12:04,120 --> 00:12:07,040 Speaker 3: couple of weeks now. This will be an interesting set 239 00:12:07,080 --> 00:12:12,200 Speaker 3: of optics before she delivers her economic address tomorrow. I 240 00:12:12,240 --> 00:12:14,760 Speaker 3: will also note that there's going to be a news 241 00:12:14,760 --> 00:12:19,240 Speaker 3: conference later today. Donald Trump reportedly in a news conference. 242 00:12:19,280 --> 00:12:21,280 Speaker 3: You know, sometimes there are questions, sometimes they're not. But 243 00:12:21,280 --> 00:12:24,200 Speaker 3: we're going to keep tabs on this, of course, for 244 00:12:24,240 --> 00:12:26,439 Speaker 3: you to see if there's any news after he spoke 245 00:12:26,480 --> 00:12:29,960 Speaker 3: about his economic ideas tomorrow, along with a lot of 246 00:12:29,960 --> 00:12:33,680 Speaker 3: other things. And so it is the race to define 247 00:12:34,200 --> 00:12:38,120 Speaker 3: Kamala Harris on both sides. Everyone knows what Donald Trump's 248 00:12:38,120 --> 00:12:42,080 Speaker 3: all about, right. Interesting to note as we listened to 249 00:12:42,120 --> 00:12:45,800 Speaker 3: him yesterday in his speech on the economy and many 250 00:12:45,800 --> 00:12:52,160 Speaker 3: other things, he actually pronounced her name right. He said Kamala, 251 00:12:53,160 --> 00:12:56,160 Speaker 3: not Kamala, not caama Bla, not any of the other 252 00:12:56,240 --> 00:12:59,880 Speaker 3: things that we tend to hear from Donald Trump. And 253 00:13:00,040 --> 00:13:02,760 Speaker 3: I don't know if that's worth noting as he maybe 254 00:13:02,800 --> 00:13:06,440 Speaker 3: starts to take his either opponent more seriously or the 255 00:13:06,480 --> 00:13:10,800 Speaker 3: advice of his advisors more seriously. Let's get with the 256 00:13:10,800 --> 00:13:12,880 Speaker 3: panel now. Rick Davis is back with us today. I'm 257 00:13:12,880 --> 00:13:16,440 Speaker 3: glad to report Bloomberg Politics contributor, partner at Stone Court Capital, 258 00:13:17,000 --> 00:13:19,920 Speaker 3: joined by kitln Lagacky, partner at Four Corners Public Affairs, 259 00:13:19,920 --> 00:13:22,720 Speaker 3: democratic strategist. Great to see you both with us. What 260 00:13:22,720 --> 00:13:25,079 Speaker 3: do you make of that, Rick? Does it matter if 261 00:13:25,120 --> 00:13:27,480 Speaker 3: Donald Trump starts to pronounce her name correctly? Is he 262 00:13:27,520 --> 00:13:29,360 Speaker 3: actually acknowledging that he has a real opponent? 263 00:13:30,360 --> 00:13:33,120 Speaker 5: You know, I don't think we should read too much 264 00:13:33,160 --> 00:13:35,400 Speaker 5: into it. It maybe that he just made a mistake 265 00:13:35,440 --> 00:13:39,040 Speaker 5: and forgot to try to savage her name pretty much keeping. 266 00:13:39,200 --> 00:13:41,840 Speaker 5: I mean, you know, I'm waiting for the nickname. I mean, 267 00:13:41,920 --> 00:13:44,720 Speaker 5: right now, she's been nicknameless. I mean one thing to 268 00:13:44,880 --> 00:13:47,720 Speaker 5: disparage your name, but it's another thing not you know, 269 00:13:47,800 --> 00:13:49,439 Speaker 5: to be an opponent to Donald Trump and not get 270 00:13:49,440 --> 00:13:50,640 Speaker 5: a nickname is insulting. 271 00:13:51,320 --> 00:13:52,520 Speaker 2: Uh so, uh. 272 00:13:52,520 --> 00:13:56,200 Speaker 6: Yeah, and it could be some of the complaints that 273 00:13:56,240 --> 00:13:59,600 Speaker 6: the GOP leaders are giving him about, you know, how 274 00:13:59,640 --> 00:14:03,440 Speaker 6: he's a approaching the contrast with Harris is starting to 275 00:14:03,440 --> 00:14:03,920 Speaker 6: sink in. 276 00:14:04,120 --> 00:14:08,000 Speaker 5: I mean, even just scheduling this press conference today, it'll 277 00:14:08,040 --> 00:14:09,839 Speaker 5: be interesting to see how much he sticks to the 278 00:14:09,880 --> 00:14:12,199 Speaker 5: script or whether he does as usual, which is an 279 00:14:12,240 --> 00:14:16,720 Speaker 5: hour of you know, misrepresentations, lives and and things like that. 280 00:14:16,880 --> 00:14:20,640 Speaker 5: So I get the feeling that there's a gang tackle 281 00:14:20,720 --> 00:14:23,720 Speaker 5: going on within the GOP trying to get him on 282 00:14:23,800 --> 00:14:27,320 Speaker 5: a substantive message that we'll have a result in, trying 283 00:14:27,360 --> 00:14:30,160 Speaker 5: to you know, sort of hold back the Harris surge 284 00:14:30,200 --> 00:14:33,880 Speaker 5: that's going on right now. But maybe we're just reading 285 00:14:33,880 --> 00:14:36,800 Speaker 5: too much into you know, a one off. But it's 286 00:14:36,840 --> 00:14:38,920 Speaker 5: definitely different than it's you know lately. 287 00:14:40,040 --> 00:14:41,880 Speaker 3: Well, you know, as soon as I go there, Rick, 288 00:14:42,320 --> 00:14:44,520 Speaker 3: you look at some of the other things that were said. 289 00:14:45,280 --> 00:14:50,520 Speaker 3: The Washington Post put the executive summary together pretty well, Caitlin, 290 00:14:50,560 --> 00:14:53,240 Speaker 3: because we were all over the place. In this speech, 291 00:14:53,720 --> 00:14:56,040 Speaker 3: he made fun of President Biden for being pressured to 292 00:14:56,080 --> 00:15:00,960 Speaker 3: exit the race, criticize the administration's immigration policy, attacked on 293 00:15:01,080 --> 00:15:04,880 Speaker 3: documented immigrants as criminals, personal attacks at Harris, and then 294 00:15:04,880 --> 00:15:09,040 Speaker 3: claimed Harris had been chosen after Democrats quote decided to 295 00:15:09,080 --> 00:15:12,560 Speaker 3: get politically correct, unquote what does he mean by that? 296 00:15:14,960 --> 00:15:18,760 Speaker 7: Look, I'm not even gonna indulge that conversation because it's 297 00:15:18,800 --> 00:15:22,440 Speaker 7: so ridiculous. I do think he has a crush on Harris. 298 00:15:22,520 --> 00:15:25,320 Speaker 7: He did say, after he pronounced her name correctly, that 299 00:15:26,280 --> 00:15:28,080 Speaker 7: her Time magazine cover looks like the. 300 00:15:28,040 --> 00:15:30,040 Speaker 1: Most beautiful actress you've ever seen. 301 00:15:31,240 --> 00:15:35,160 Speaker 7: So maybe things are much simpler than that, but yeah, 302 00:15:35,200 --> 00:15:40,080 Speaker 7: it's I think the challenge for Republicans is that this 303 00:15:40,240 --> 00:15:44,400 Speaker 7: kind of campaign is really unprecedented in modern American politics, 304 00:15:44,600 --> 00:15:46,600 Speaker 7: and he has clearly thrown off his. 305 00:15:46,600 --> 00:15:47,200 Speaker 1: Game by it. 306 00:15:47,400 --> 00:15:50,720 Speaker 7: But you know, the reality is that he was supposed 307 00:15:50,720 --> 00:15:53,880 Speaker 7: to give an economic speech yesterday. It turned into a 308 00:15:53,880 --> 00:15:56,160 Speaker 7: lot of the same old stuff. He didn't even talk 309 00:15:56,200 --> 00:16:00,280 Speaker 7: about his economic policies, which many business leaders have set 310 00:16:00,280 --> 00:16:06,400 Speaker 7: are disastrous. And then you know, he had his opportunity 311 00:16:06,400 --> 00:16:09,440 Speaker 7: at the convention to really set a new tone, and 312 00:16:09,480 --> 00:16:12,680 Speaker 7: again he rambled for ninety minutes. I think the reality 313 00:16:12,680 --> 00:16:14,720 Speaker 7: of the situation is that Trump is an eighty year 314 00:16:14,760 --> 00:16:15,240 Speaker 7: old man. 315 00:16:15,920 --> 00:16:17,760 Speaker 1: He's been like this entire life. 316 00:16:17,840 --> 00:16:20,480 Speaker 7: He's not going to be able to change his tune, 317 00:16:21,160 --> 00:16:23,800 Speaker 7: and I think a lot of Republicans are finally coming 318 00:16:23,840 --> 00:16:26,200 Speaker 7: to reckon with that when it has started to play 319 00:16:26,200 --> 00:16:28,880 Speaker 7: against them. 320 00:16:29,160 --> 00:16:32,120 Speaker 3: Looks like we've got breaking news on debates here, which 321 00:16:32,160 --> 00:16:36,040 Speaker 3: is interesting. We know that there had just been an 322 00:16:36,440 --> 00:16:41,360 Speaker 3: October one vice presidential debate that had been agreed to. 323 00:16:41,480 --> 00:16:43,480 Speaker 3: But this, I'm just learning this with you here. This 324 00:16:43,520 --> 00:16:45,800 Speaker 3: is straight from the campaign, so let's find out together. 325 00:16:46,320 --> 00:16:46,880 Speaker 2: It reads. 326 00:16:47,640 --> 00:16:50,160 Speaker 3: This is from Michael Tyler, comm's director for the campaign. 327 00:16:50,160 --> 00:16:53,640 Speaker 3: The debate about debates is over all right. Donald Trump's 328 00:16:53,640 --> 00:16:56,640 Speaker 3: campaign accepted our proposal for three debates, todential and a 329 00:16:56,760 --> 00:17:00,840 Speaker 3: vice presidential debate. Assuming Trump actually shows up Stember tenth 330 00:17:01,520 --> 00:17:04,480 Speaker 3: to debate Kamala Harris, then Governor Wallace will see jd 331 00:17:04,600 --> 00:17:07,720 Speaker 3: vance October one. The American people will have another opportunity, 332 00:17:07,760 --> 00:17:11,800 Speaker 3: it says, to see the vice president and Donald Trump 333 00:17:11,840 --> 00:17:15,680 Speaker 3: on the stage together in October. So, Rick, it looks 334 00:17:15,760 --> 00:17:17,880 Speaker 3: like two and one. It's just like the commissions back 335 00:17:17,920 --> 00:17:18,760 Speaker 3: in business. 336 00:17:18,440 --> 00:17:18,959 Speaker 2: Here, isn't it. 337 00:17:19,840 --> 00:17:20,080 Speaker 6: Yeah? 338 00:17:20,160 --> 00:17:24,280 Speaker 5: I mean this is really pretty traditional format for the 339 00:17:24,280 --> 00:17:28,920 Speaker 5: modern presidential debate cycle. The difference is the commission isn't involved, 340 00:17:28,960 --> 00:17:31,439 Speaker 5: and they're going to have to I think I'm not 341 00:17:31,480 --> 00:17:34,520 Speaker 5: sure in that October presidential debate they've picked a host, 342 00:17:35,359 --> 00:17:37,919 Speaker 5: but you've got breaking news, so it may include that 343 00:17:38,000 --> 00:17:41,280 Speaker 5: in there. But I actually think it's refreshing that campaigns 344 00:17:41,280 --> 00:17:43,800 Speaker 5: actually talked to one another and make these arrangements. They 345 00:17:43,800 --> 00:17:46,439 Speaker 5: don't need a big infrastructure between them, they don't need 346 00:17:46,480 --> 00:17:49,240 Speaker 5: a lot of haggling over rules and that kind of thing. 347 00:17:49,280 --> 00:17:52,719 Speaker 5: So and I also hope that this is like the 348 00:17:52,760 --> 00:17:56,040 Speaker 5: first presidential debate. I mean, technically, we'll have had three 349 00:17:56,160 --> 00:18:00,600 Speaker 5: presidential debates this year, which is kind of entertaining. And 350 00:18:02,080 --> 00:18:04,399 Speaker 5: yet you know, like I like the fact that, you know, 351 00:18:04,440 --> 00:18:07,240 Speaker 5: they hold these studio debates and there's not a crowd 352 00:18:07,320 --> 00:18:10,199 Speaker 5: to be distracting, and you can focus in on the 353 00:18:10,240 --> 00:18:14,399 Speaker 5: candidates themselves. So Prussian fingers. Maybe the format will stick. 354 00:18:14,640 --> 00:18:17,280 Speaker 5: And I think, you know, we have a chance to 355 00:18:17,320 --> 00:18:21,639 Speaker 5: see something really interesting, which was I don't think anything 356 00:18:21,680 --> 00:18:25,400 Speaker 5: anybody would have ever anticipated that Kamala Harris and Donald 357 00:18:25,440 --> 00:18:27,840 Speaker 5: Trump take the stage together and go at it for 358 00:18:27,920 --> 00:18:28,560 Speaker 5: ninety minutes. 359 00:18:29,680 --> 00:18:32,719 Speaker 3: It's interesting. Caitlin weigh in on the idea of another 360 00:18:32,960 --> 00:18:35,200 Speaker 3: you know, three debates here, But I find it interesting 361 00:18:35,240 --> 00:18:37,879 Speaker 3: the language used in the statement. By the way, no 362 00:18:38,000 --> 00:18:43,120 Speaker 3: host is referred to in this announcement, Rick, we don't 363 00:18:43,119 --> 00:18:45,440 Speaker 3: have a network tied to this one in October yet 364 00:18:45,480 --> 00:18:48,879 Speaker 3: it says in October, with no other details. But the 365 00:18:48,920 --> 00:18:52,160 Speaker 3: way this is written, it says Caitlin quote. Assuming Donald 366 00:18:52,200 --> 00:18:56,479 Speaker 3: Trump actually shows up September tenth to debate Vice President Harris, 367 00:18:57,119 --> 00:19:00,600 Speaker 3: then the others will take place? Do they not think 368 00:19:00,600 --> 00:19:01,520 Speaker 3: he's going to be there? 369 00:19:03,400 --> 00:19:04,800 Speaker 1: He's a very unpredictable man. 370 00:19:06,080 --> 00:19:08,199 Speaker 7: I think that what it does show is there is 371 00:19:08,240 --> 00:19:11,000 Speaker 7: a lot of confidence within the Harris operation right now. 372 00:19:11,600 --> 00:19:14,000 Speaker 7: I think they're trying to get under Trump's skin by 373 00:19:14,080 --> 00:19:19,800 Speaker 7: baiting him into either lashing out or becoming a little bit. 374 00:19:21,920 --> 00:19:22,880 Speaker 1: More unpredictable. 375 00:19:23,760 --> 00:19:28,000 Speaker 7: He's a very prideful man, and so when they challenge 376 00:19:28,000 --> 00:19:30,840 Speaker 7: his confidence, they challenge his ability to compete on these stages. 377 00:19:31,520 --> 00:19:34,159 Speaker 7: It's a very clear attempt to bait him into doing 378 00:19:34,240 --> 00:19:37,400 Speaker 7: and saying things that are not in his electoral benefit, 379 00:19:38,720 --> 00:19:40,000 Speaker 7: and it works to some degree. 380 00:19:40,080 --> 00:19:42,600 Speaker 1: So I think that's really what it's about. It's twofold. 381 00:19:42,640 --> 00:19:44,560 Speaker 7: It's about the confidence, and then it's about trying to 382 00:19:44,560 --> 00:19:48,280 Speaker 7: bait him into doing or saying something that reminds voters 383 00:19:48,320 --> 00:19:51,480 Speaker 7: why his approval ratings are so high in the first place, 384 00:19:52,040 --> 00:19:54,639 Speaker 7: and why they voted him out of office in twenty twenty. 385 00:19:55,760 --> 00:19:59,320 Speaker 3: Rick, there seems to be a conventional wisdom that debates 386 00:20:00,040 --> 00:20:04,360 Speaker 3: advantage Kamala Harris. Should people feel that way? 387 00:20:04,359 --> 00:20:05,000 Speaker 7: Do you agree? 388 00:20:06,680 --> 00:20:09,600 Speaker 5: I don't know. I mean's she's the debates we've seen 389 00:20:09,640 --> 00:20:12,200 Speaker 5: her in, which are not at this high profile level. 390 00:20:12,880 --> 00:20:18,159 Speaker 5: She's imported herself well. But I wouldn't underestimate Donald Trump's 391 00:20:18,160 --> 00:20:20,440 Speaker 5: avili to get under her skin. I think they are 392 00:20:20,480 --> 00:20:24,520 Speaker 5: both very good at being incredibly sarcastic toward one another, 393 00:20:25,400 --> 00:20:27,520 Speaker 5: and I think a little sarcasm in the campaign is 394 00:20:27,680 --> 00:20:30,960 Speaker 5: highly enjoyable. I mean, I think that these things sometimes 395 00:20:31,000 --> 00:20:34,640 Speaker 5: get too too hot and too serious, and the fact 396 00:20:34,680 --> 00:20:36,959 Speaker 5: that they can be playful, and I think, you know, 397 00:20:37,040 --> 00:20:40,200 Speaker 5: Harris has sort of introduced that element to this campaign. 398 00:20:41,119 --> 00:20:46,200 Speaker 5: Her boss, Joe Biden, was not playful and sarcastic, and 399 00:20:46,280 --> 00:20:48,679 Speaker 5: so I think he gave away that weapon to use 400 00:20:48,680 --> 00:20:52,240 Speaker 5: against Donald Trump. But I think you'd have to say 401 00:20:52,280 --> 00:20:56,720 Speaker 5: that the stakes are incredibly high for this presidential debate 402 00:20:56,760 --> 00:20:59,280 Speaker 5: coming up in September, and I don't think you can 403 00:20:59,320 --> 00:21:01,439 Speaker 5: handicap it in any of the way. Like Donald Trump's 404 00:21:01,480 --> 00:21:04,840 Speaker 5: been on this stage doing presidential debates for a long 405 00:21:04,920 --> 00:21:09,040 Speaker 5: time and it does not make him nervous. I mean, 406 00:21:09,200 --> 00:21:11,960 Speaker 5: it makes him crazy sometimes, but it doesn't make him nervous. 407 00:21:12,520 --> 00:21:15,960 Speaker 5: I would be surprised if Kamala Harris takes the stage 408 00:21:16,040 --> 00:21:18,760 Speaker 5: for the first time as a presidential candidate debate and 409 00:21:18,880 --> 00:21:23,080 Speaker 5: isn't you know, got a pretty high level of nervousness. 410 00:21:24,160 --> 00:21:28,040 Speaker 3: Yeah, You've been actually really good describing that, Rick, Because 411 00:21:28,040 --> 00:21:29,480 Speaker 3: so few people will ever be in the room with 412 00:21:29,520 --> 00:21:31,960 Speaker 3: a presidential candidate before they walk out on stage like that. 413 00:21:32,560 --> 00:21:36,080 Speaker 3: This is something that no human being can really prepare 414 00:21:36,119 --> 00:21:37,120 Speaker 3: their nerves for, is it. 415 00:21:38,600 --> 00:21:42,159 Speaker 5: No, this is this is very stressful. There's an enormous 416 00:21:42,160 --> 00:21:45,680 Speaker 5: amount of prep at least I'm sure Harris will Will 417 00:21:45,800 --> 00:21:47,879 Speaker 5: will have a team that will get or prepared for 418 00:21:47,960 --> 00:21:52,600 Speaker 5: this debate. And in doing so, you create expectations, and 419 00:21:52,680 --> 00:21:55,800 Speaker 5: these candidates they want to meet those expectations. They want 420 00:21:55,800 --> 00:21:59,760 Speaker 5: to perform, and like like any kind of athletic endeavor, 421 00:22:00,840 --> 00:22:02,879 Speaker 5: you're going to have butterflies when you go out on 422 00:22:02,880 --> 00:22:04,960 Speaker 5: that stage for the first time. And so the question 423 00:22:05,160 --> 00:22:09,280 Speaker 5: is how quickly can she overcome that hesitancy that's just normal, 424 00:22:10,000 --> 00:22:13,080 Speaker 5: and get into her paces and remember her attack lines 425 00:22:13,119 --> 00:22:15,920 Speaker 5: and be able to perform at a level that frankly, 426 00:22:17,119 --> 00:22:20,480 Speaker 5: you know, regardless of how you feel about the last debate, 427 00:22:21,600 --> 00:22:24,679 Speaker 5: Biden and Trump had a lot of practice before they 428 00:22:24,720 --> 00:22:26,040 Speaker 5: got out there this year. 429 00:22:27,560 --> 00:22:30,000 Speaker 3: Hey, Caitlin, we all saw you on the Colbert rapport 430 00:22:30,200 --> 00:22:32,800 Speaker 3: this week. Yeah, pretty remarkable. 431 00:22:32,920 --> 00:22:33,520 Speaker 2: This is great. 432 00:22:34,440 --> 00:22:36,920 Speaker 3: I bet your parents were thrilled. It was from right 433 00:22:37,280 --> 00:22:41,280 Speaker 3: in this studio when Kaitlyn was with us. The Big Walls, 434 00:22:41,840 --> 00:22:46,520 Speaker 3: Kamala Harris roll out and you were professing your love. 435 00:22:46,680 --> 00:22:49,560 Speaker 3: And I mean that politically of course, for this choice 436 00:22:49,560 --> 00:22:51,680 Speaker 3: of a running mate, and they were kind of doing 437 00:22:51,720 --> 00:22:53,359 Speaker 3: a gag on that. But let me ask you what 438 00:22:53,440 --> 00:22:55,800 Speaker 3: that in mine in our last couple of minutes to debates, 439 00:22:56,040 --> 00:22:59,240 Speaker 3: favor Tim Walls because he's going to be face to face. 440 00:22:59,280 --> 00:23:03,320 Speaker 3: It looks like at with jd Vance, I think so. 441 00:23:03,800 --> 00:23:07,679 Speaker 7: I mean, he apparently, in his betting with Vice President 442 00:23:07,760 --> 00:23:10,800 Speaker 7: Harris told her he's not good at debates. I haven't 443 00:23:10,840 --> 00:23:13,160 Speaker 7: gone back and watched his tapes from when he ran 444 00:23:13,200 --> 00:23:17,080 Speaker 7: for governor, but I think the core advantage that he's 445 00:23:17,119 --> 00:23:20,640 Speaker 7: going to have is that he presents as a super 446 00:23:20,760 --> 00:23:24,840 Speaker 7: normal guy who you know, he spent twenty years dealing 447 00:23:24,880 --> 00:23:29,360 Speaker 7: with teenagers in classrooms. As governor, he's had to actually 448 00:23:29,359 --> 00:23:32,639 Speaker 7: like focus on governing and getting things done, and he 449 00:23:32,680 --> 00:23:36,720 Speaker 7: has a great economic record to tell. I think, you know, 450 00:23:37,320 --> 00:23:40,119 Speaker 7: obviously a lot of the attacks on JD. Vanc Or 451 00:23:40,200 --> 00:23:43,800 Speaker 7: is that he's just kind of a weird guy. He has, 452 00:23:44,000 --> 00:23:47,719 Speaker 7: you know, bopped around from Yale to Silicon Valley, hasn't 453 00:23:47,760 --> 00:23:50,840 Speaker 7: spent a lot of time since his childhood. 454 00:23:50,320 --> 00:23:53,200 Speaker 1: Dealing with normal people in normal circumstances. 455 00:23:54,000 --> 00:23:57,880 Speaker 7: So I think that, you know, not speaking to his 456 00:23:57,920 --> 00:24:01,560 Speaker 7: ability to execute a case of about policy chops, he's 457 00:24:01,600 --> 00:24:05,280 Speaker 7: definitely going to be able to paint a contrast about 458 00:24:05,480 --> 00:24:09,160 Speaker 7: what his vision for living in America is, his vision 459 00:24:09,200 --> 00:24:11,480 Speaker 7: of freedom and keeping the government out of your bedroom, 460 00:24:11,600 --> 00:24:15,440 Speaker 7: keeping the government out of your doctor's office, but also 461 00:24:15,560 --> 00:24:18,640 Speaker 7: building an economy where families can succeed. And so I 462 00:24:18,680 --> 00:24:22,000 Speaker 7: think that, you know, when you look at that debate, 463 00:24:22,280 --> 00:24:25,960 Speaker 7: I think there's a level of security about himself that 464 00:24:26,040 --> 00:24:29,040 Speaker 7: Tim Wallas has that Jdvance may be lacking that I 465 00:24:29,040 --> 00:24:31,040 Speaker 7: think will play in Walls's favor. 466 00:24:32,880 --> 00:24:36,240 Speaker 3: Fascinating stuff. Great panel today, Rick Davis, Caitland, Lagacky, thank 467 00:24:36,240 --> 00:24:36,760 Speaker 3: you so much. 468 00:24:40,280 --> 00:24:43,919 Speaker 2: You're listening to the Bloomberg Balance of Power podcast catches 469 00:24:44,080 --> 00:24:46,800 Speaker 2: live weekdays at noon Eastern on APO car Play and 470 00:24:46,840 --> 00:24:49,560 Speaker 2: then broud Otto with the Bloomberg Business app. Listen on 471 00:24:49,640 --> 00:24:52,800 Speaker 2: demand wherever you get your podcasts, or watch us live 472 00:24:52,920 --> 00:24:55,320 Speaker 2: on YouTube. 473 00:24:56,119 --> 00:24:58,000 Speaker 8: It's a busy day in politics as well, and that's 474 00:24:58,040 --> 00:25:00,960 Speaker 8: why you're here listening and watching of Power. I'm Kaylee 475 00:25:00,960 --> 00:25:03,760 Speaker 8: Lines alongside Joe Matthew. It's going to be an incredibly 476 00:25:03,800 --> 00:25:08,720 Speaker 8: packed afternoon for the presidential candidates and for current incumbent presidents. 477 00:25:08,800 --> 00:25:11,760 Speaker 8: Is this hour we are awaiting remarks jointly from President 478 00:25:11,800 --> 00:25:15,240 Speaker 8: Biden and Kamala Harris about their administration's effort to lower 479 00:25:15,320 --> 00:25:18,040 Speaker 8: costs for the American people. And then later on this afternoon, 480 00:25:18,440 --> 00:25:21,359 Speaker 8: we will be hearing from the Republican nominee, Donald Trump 481 00:25:21,400 --> 00:25:24,679 Speaker 8: will be holding yet another news conference for the second 482 00:25:24,680 --> 00:25:26,440 Speaker 8: week in a row, this one not from mar A Lago, 483 00:25:26,480 --> 00:25:30,040 Speaker 8: but from Bedminster, New Jersey. And then of course the 484 00:25:30,080 --> 00:25:33,439 Speaker 8: weekends Friday with an economic address from Kamala Harris in 485 00:25:33,440 --> 00:25:34,000 Speaker 8: North Carolina. 486 00:25:34,080 --> 00:25:35,680 Speaker 3: Yeah, we've got a lot to do before we even 487 00:25:35,680 --> 00:25:39,280 Speaker 3: get to Chicago. That last news conference from Donald Trump 488 00:25:39,280 --> 00:25:42,119 Speaker 3: did involve questions from reporters, which is the point of 489 00:25:42,119 --> 00:25:44,640 Speaker 3: a news conference. It also went on for a very 490 00:25:44,680 --> 00:25:48,320 Speaker 3: long time and seemed to lose direction, kind of like 491 00:25:48,359 --> 00:25:51,479 Speaker 3: his economic address did yesterday as we got into Hannibal 492 00:25:51,520 --> 00:25:54,480 Speaker 3: Lecter and all of the other things. We do know, however, 493 00:25:54,640 --> 00:25:57,240 Speaker 3: that Joe Biden and Kamala Harris will be talking about 494 00:25:57,560 --> 00:26:00,280 Speaker 3: their efforts to lower prices together a lot of since 495 00:26:00,320 --> 00:26:03,440 Speaker 3: Kayley about whether she can find some sunlight between herself 496 00:26:04,200 --> 00:26:07,520 Speaker 3: and the president tomorrow, and that's a real balancing act, 497 00:26:07,560 --> 00:26:10,640 Speaker 3: knowing that this has been a major political problem for. 498 00:26:10,640 --> 00:26:14,080 Speaker 8: Him, especially when she will be with him in Maryland today, 499 00:26:14,119 --> 00:26:16,720 Speaker 8: having to seem still supportive of the man who technically 500 00:26:16,760 --> 00:26:19,760 Speaker 8: is her boss. She serves at the pleasure of this president, 501 00:26:20,000 --> 00:26:22,840 Speaker 8: but she will also perhaps try to differentiate herself from 502 00:26:22,920 --> 00:26:23,960 Speaker 8: him one day later. 503 00:26:24,040 --> 00:26:27,240 Speaker 3: That's the idea covering the pivot for us. Helping our coverage, 504 00:26:27,280 --> 00:26:30,159 Speaker 3: of course, is Laura Davison, Bloomberg Politics Editor, with us 505 00:26:30,200 --> 00:26:33,320 Speaker 3: here at the table today in Washington. Laura, this is 506 00:26:33,440 --> 00:26:37,520 Speaker 3: quite a high wire act, we could say, for Kamala Harris. 507 00:26:38,040 --> 00:26:43,000 Speaker 3: She appears with Joe Biden today within hours essentially tomorrow 508 00:26:43,000 --> 00:26:47,000 Speaker 3: in North Carolina. She's trying to slice the two apart 509 00:26:47,040 --> 00:26:49,080 Speaker 3: a little bit when it comes to the economy. 510 00:26:48,720 --> 00:26:50,720 Speaker 9: Right, and what she needs to do, and this remains 511 00:26:50,760 --> 00:26:52,359 Speaker 9: to be seen if she can do it, is you know, 512 00:26:52,440 --> 00:26:54,720 Speaker 9: take all the good stuff from Biden, from his legacy 513 00:26:54,720 --> 00:26:56,520 Speaker 9: of you know, the prescription drugs, which is what they're 514 00:26:56,520 --> 00:26:58,520 Speaker 9: going to be talking about today. That's been a very 515 00:26:58,520 --> 00:27:01,640 Speaker 9: popular piece of his legist the work he's done on 516 00:27:01,840 --> 00:27:05,720 Speaker 9: infrastructure investments and chips, you know, tie herself to those things, 517 00:27:05,720 --> 00:27:08,359 Speaker 9: but be able to separate herself from his record on 518 00:27:08,480 --> 00:27:10,399 Speaker 9: inflation and some of the other things that have been 519 00:27:10,440 --> 00:27:12,439 Speaker 9: a lot less popular. And you know, just looking at 520 00:27:12,440 --> 00:27:17,440 Speaker 9: the polling, voters give Biden very low marks for economic issues, 521 00:27:17,600 --> 00:27:19,720 Speaker 9: and even compared to Trump, Harris is not polling as 522 00:27:19,760 --> 00:27:20,600 Speaker 9: well on the economy. 523 00:27:20,720 --> 00:27:20,880 Speaker 10: Well. 524 00:27:20,880 --> 00:27:23,320 Speaker 8: And when we heard Trump giving what was dubbed to 525 00:27:23,359 --> 00:27:26,679 Speaker 8: be an economic address in Asheville, North Carolina, yesterday, he 526 00:27:26,720 --> 00:27:29,919 Speaker 8: did go after the Biden Harris administration on inflation, talking 527 00:27:29,920 --> 00:27:34,320 Speaker 8: about how high prices for various goods have gone during 528 00:27:34,320 --> 00:27:35,800 Speaker 8: the three and a half years of it. What he 529 00:27:35,880 --> 00:27:38,760 Speaker 8: didn't do, other than kind of saying Bill drill, baby drill, 530 00:27:38,800 --> 00:27:41,760 Speaker 8: and we're going to deregulate. Was give an explicit policy 531 00:27:41,800 --> 00:27:44,720 Speaker 8: proposal to get prices down? Are we actually going to 532 00:27:44,760 --> 00:27:46,280 Speaker 8: get that from Harris tomorrow? 533 00:27:46,520 --> 00:27:48,480 Speaker 9: It's possible we'll get a little bit of detail, but 534 00:27:48,520 --> 00:27:50,680 Speaker 9: I'm sure nowhere near the level of detail that Bloomberg 535 00:27:50,680 --> 00:27:52,720 Speaker 9: readers and listeners would want on this. I've already been 536 00:27:52,760 --> 00:27:54,679 Speaker 9: getting lots of questions from folks, and you know, I 537 00:27:54,720 --> 00:27:56,879 Speaker 9: was setting expectations that this is going to be, you know, 538 00:27:57,119 --> 00:28:00,439 Speaker 9: campaigning in pros or campaigning in poetry rather than you know, 539 00:28:00,480 --> 00:28:04,440 Speaker 9: the detailed policy list that people want. It is noteworthy, however, 540 00:28:04,440 --> 00:28:07,960 Speaker 9: that she started to dot out some of these policy proposals. 541 00:28:07,960 --> 00:28:11,360 Speaker 9: We saw last night, a proposal on food and grocery 542 00:28:11,400 --> 00:28:14,240 Speaker 9: price gouging. She's already talked about no taxes on tips, 543 00:28:14,480 --> 00:28:17,080 Speaker 9: another proposal that sounds familiar for those who've been listening 544 00:28:17,119 --> 00:28:20,000 Speaker 9: to Trump speeches. So we're starting to see little details, 545 00:28:20,000 --> 00:28:23,920 Speaker 9: but it behooves her to be specific on narrow issues 546 00:28:23,960 --> 00:28:26,320 Speaker 9: that are popular versus giving you know, a big, three 547 00:28:26,400 --> 00:28:28,920 Speaker 9: hundred page economic policy report where there's lots of stuff 548 00:28:28,920 --> 00:28:30,120 Speaker 9: that people could find to criticize. 549 00:28:30,160 --> 00:28:32,120 Speaker 3: Well, she'll have for a chance I guess in some 550 00:28:32,280 --> 00:28:34,440 Speaker 3: upcoming debates. One of the things I think you were 551 00:28:34,440 --> 00:28:37,920 Speaker 3: working on before you joined us was this breaking news 552 00:28:37,920 --> 00:28:40,800 Speaker 3: in the last hour. At least according to the Harris campaign, 553 00:28:41,480 --> 00:28:44,440 Speaker 3: there will be two presidential debates, not just September tenth, 554 00:28:44,520 --> 00:28:47,040 Speaker 3: but one in October, and we now know there'll be 555 00:28:47,080 --> 00:28:51,400 Speaker 3: a vice presidential debate on October first. How important will 556 00:28:51,400 --> 00:28:54,280 Speaker 3: these be in determining the outcome of this election. 557 00:28:54,440 --> 00:28:56,200 Speaker 9: Well, if we've learned anything from twenty twenty four, it 558 00:28:56,280 --> 00:29:01,239 Speaker 9: is that debates can definitely to register. Yes, So you know, 559 00:29:01,480 --> 00:29:03,960 Speaker 9: this is really important because one of these, the September 560 00:29:04,000 --> 00:29:06,560 Speaker 9: tenth debate, that first one will be before most voters 561 00:29:06,600 --> 00:29:09,160 Speaker 9: start voting, but that October one, depending when that is, 562 00:29:09,680 --> 00:29:11,040 Speaker 9: that's going to be right in the thick of when 563 00:29:11,040 --> 00:29:14,120 Speaker 9: people are early voting. And this could have, potentially, depending 564 00:29:14,120 --> 00:29:17,720 Speaker 9: how this goes sway, voters, different issues could come up. 565 00:29:17,760 --> 00:29:20,200 Speaker 9: They could be challenged on, you know, if there is 566 00:29:20,240 --> 00:29:22,719 Speaker 9: say a flare up on foreign policy or something. This 567 00:29:22,800 --> 00:29:25,520 Speaker 9: is a chance for voters to get a sense on 568 00:29:25,560 --> 00:29:28,000 Speaker 9: some of the issues that candidates may want to shy 569 00:29:28,040 --> 00:29:28,640 Speaker 9: away from. 570 00:29:28,440 --> 00:29:29,200 Speaker 4: On the campaign trail. 571 00:29:29,320 --> 00:29:33,120 Speaker 8: Well, and it will be certainly a guarantee that Kamala 572 00:29:33,200 --> 00:29:36,840 Speaker 8: Harris will be answering questions at least from the moderators, 573 00:29:36,880 --> 00:29:38,920 Speaker 8: which we haven't really seen her do much of. This 574 00:29:39,000 --> 00:29:41,480 Speaker 8: is a point that the Trump campaign has been making frequently, 575 00:29:41,520 --> 00:29:43,520 Speaker 8: and perhaps that's also why we're going to see Donald 576 00:29:43,520 --> 00:29:47,400 Speaker 8: Trump theoretically asking some questions at another press conference, the 577 00:29:47,440 --> 00:29:49,560 Speaker 8: second in as many weeks. Laura's He's just going to 578 00:29:49,680 --> 00:29:52,880 Speaker 8: keep this up until Harris starts doing her own or 579 00:29:53,160 --> 00:29:54,600 Speaker 8: do we know what the strategy is here? 580 00:29:54,680 --> 00:29:56,880 Speaker 9: Well, part of the strategy is, you know that Trump 581 00:29:57,120 --> 00:29:58,680 Speaker 9: this is a line he wants to use in the attack, 582 00:29:58,720 --> 00:30:00,680 Speaker 9: is that Harris is not speaking directly to the media. 583 00:30:00,720 --> 00:30:02,600 Speaker 9: That's you know that she's sort of avoiding them and 584 00:30:02,640 --> 00:30:04,880 Speaker 9: just going on these scripted appearances. But also this is 585 00:30:04,880 --> 00:30:06,520 Speaker 9: self serving in a way that this helps him pull 586 00:30:06,560 --> 00:30:09,880 Speaker 9: the spotlight back on himself without having to do, you know, 587 00:30:09,960 --> 00:30:12,400 Speaker 9: some of the harder, more in the weeds work of campaigning. 588 00:30:12,480 --> 00:30:15,080 Speaker 9: He has been very frustrated by the media attention that 589 00:30:15,120 --> 00:30:17,440 Speaker 9: Harris has gotten over recent weeks. So if you can 590 00:30:17,640 --> 00:30:19,560 Speaker 9: you call a press conference at your golf club, why 591 00:30:19,640 --> 00:30:22,400 Speaker 9: not have press come and spend an hour talking with 592 00:30:22,480 --> 00:30:24,479 Speaker 9: them and you know, at least get some of your 593 00:30:25,040 --> 00:30:27,080 Speaker 9: talking points out there. It's unclear how much these are 594 00:30:27,120 --> 00:30:30,160 Speaker 9: actually helping him. You know, he arguably you know, going 595 00:30:30,200 --> 00:30:32,240 Speaker 9: off script on some of these things, his comments of 596 00:30:32,280 --> 00:30:34,680 Speaker 9: the NABJ you know, we're not helpful for his campaign. 597 00:30:34,800 --> 00:30:36,560 Speaker 8: All right, So we'll see how this goes this afternoon. 598 00:30:36,680 --> 00:30:40,080 Speaker 8: Lara Davison, Bloomberg Politics Editor, thank you so much. And 599 00:30:40,160 --> 00:30:43,440 Speaker 8: before we get to Bedminster, New Jersey, in that press conference, 600 00:30:43,480 --> 00:30:45,720 Speaker 8: of course, first we will see Joe Biden and Harris together, 601 00:30:45,760 --> 00:30:48,160 Speaker 8: as we've mentioned in Maryland. And what's interesting is this 602 00:30:48,200 --> 00:30:51,640 Speaker 8: is kind of part campaign for Harris, but also part 603 00:30:52,040 --> 00:30:55,800 Speaker 8: define the legacy for Joe Biden. He tries to protect 604 00:30:56,680 --> 00:30:58,880 Speaker 8: how he will be viewed in history as the forty 605 00:30:58,920 --> 00:31:00,760 Speaker 8: six president of the United Sts, and we know that 606 00:31:00,840 --> 00:31:03,600 Speaker 8: something else. He wants to have his legacy marked by 607 00:31:03,840 --> 00:31:05,640 Speaker 8: Joe and he said as much in his Oval Office 608 00:31:05,640 --> 00:31:07,560 Speaker 8: address after he left the race. His peace in the 609 00:31:07,600 --> 00:31:11,240 Speaker 8: Middle East and a ceasefire deal between Israel and Gaza. 610 00:31:11,280 --> 00:31:12,600 Speaker 8: Those efforts are underway today. 611 00:31:12,920 --> 00:31:15,040 Speaker 3: Well, that's true. This is a time to get to 612 00:31:15,040 --> 00:31:17,160 Speaker 3: the table here. We've been looking forward to this for 613 00:31:17,240 --> 00:31:21,400 Speaker 3: some time. Kayley and cutter, and it's happening at once 614 00:31:21,560 --> 00:31:25,720 Speaker 3: as Israel waits for this potential retaliatory strike by Iran. 615 00:31:25,880 --> 00:31:30,680 Speaker 3: There's some news as well on the war against Hamas here, 616 00:31:30,760 --> 00:31:35,080 Speaker 3: as American officials reportedly tell Israel now that they can 617 00:31:35,160 --> 00:31:38,200 Speaker 3: make no further progress in the battle against Hamas without 618 00:31:38,200 --> 00:31:42,200 Speaker 3: further jeopardizing civilian life. We still have hostages involved here 619 00:31:42,200 --> 00:31:47,080 Speaker 3: in so many questions that we are pursuing at this 620 00:31:47,440 --> 00:31:50,200 Speaker 3: very delicate moment. Kaylei, we don't even know if Hamas 621 00:31:50,280 --> 00:31:51,160 Speaker 3: is at the table here. 622 00:31:51,200 --> 00:31:55,360 Speaker 8: Correct, Yeah, they aren't at the table in dohats negotiators, 623 00:31:55,400 --> 00:31:58,040 Speaker 8: those mediators will be bringing the message back to Jaha 624 00:31:58,080 --> 00:32:00,479 Speaker 8: Sinwar and the other leadership. So it's on this note 625 00:32:00,560 --> 00:32:02,760 Speaker 8: we turn now to Hagar Shamali. She of course is 626 00:32:02,760 --> 00:32:05,840 Speaker 8: formerly of the National Security Council. Now she's founder and 627 00:32:05,920 --> 00:32:08,600 Speaker 8: CEO of Greenwich Media Strategies. Welcome back to Balance of 628 00:32:08,640 --> 00:32:11,080 Speaker 8: Power on Bloomberg TV and Radio. Hagar, if we could 629 00:32:11,080 --> 00:32:14,040 Speaker 8: first just begin with the talks that are happening in Doha, 630 00:32:14,120 --> 00:32:16,280 Speaker 8: given Hamas is not there at the table and they're 631 00:32:16,320 --> 00:32:20,040 Speaker 8: still rehashing trying to reach a deal based on an 632 00:32:20,080 --> 00:32:22,840 Speaker 8: outline that was announced by President Biden back in May. 633 00:32:22,920 --> 00:32:25,640 Speaker 8: That was months ago, and the parties didn't agree to it. 634 00:32:25,720 --> 00:32:28,440 Speaker 8: Then do you really believe that they'll be agreeing to 635 00:32:28,480 --> 00:32:28,840 Speaker 8: it now? 636 00:32:30,560 --> 00:32:32,400 Speaker 11: Well, there's a lot of hope. I mean, that's the 637 00:32:32,400 --> 00:32:34,360 Speaker 11: White House has expressed a lot of hope. They feel 638 00:32:34,360 --> 00:32:35,680 Speaker 11: that they're coming close to an end. 639 00:32:35,680 --> 00:32:35,840 Speaker 1: Now. 640 00:32:35,840 --> 00:32:36,920 Speaker 10: I know I've said that. 641 00:32:37,120 --> 00:32:38,959 Speaker 11: A few times over the last two months, but it 642 00:32:39,040 --> 00:32:41,960 Speaker 11: is normal in these types of negotiations for them to 643 00:32:42,000 --> 00:32:44,400 Speaker 11: be very touch and go. The thing that you've had 644 00:32:44,440 --> 00:32:47,959 Speaker 11: now is just to explain, is that so they've agreed 645 00:32:48,000 --> 00:32:50,600 Speaker 11: on this outline, this general outline that Present Biden put 646 00:32:50,640 --> 00:32:52,959 Speaker 11: forward at the end of May, as you noted, and 647 00:32:53,120 --> 00:32:56,560 Speaker 11: that outline they remain in agreement in agreement on. But 648 00:32:56,840 --> 00:32:58,120 Speaker 11: the way it works from there is that they have 649 00:32:58,120 --> 00:33:00,600 Speaker 11: to agree on every single little detail, and those. 650 00:33:00,400 --> 00:33:01,640 Speaker 10: Details are what what are? 651 00:33:01,960 --> 00:33:03,920 Speaker 11: Not only are they getting hung up on those details, 652 00:33:04,000 --> 00:33:06,960 Speaker 11: but as time wears on, each side comes with new demands. 653 00:33:07,160 --> 00:33:09,600 Speaker 10: So time is not really on their side on this one. 654 00:33:09,640 --> 00:33:13,520 Speaker 11: Except this time there is a lingering aspect in the background, 655 00:33:13,600 --> 00:33:17,840 Speaker 11: and that's this this potential assault attack that that that 656 00:33:17,840 --> 00:33:20,440 Speaker 11: that we're all waiting for coming from Iran and Hazbella, 657 00:33:20,560 --> 00:33:24,480 Speaker 11: and a deal on this ceasefire could actually thwart that 658 00:33:24,600 --> 00:33:27,040 Speaker 11: attack and put it entirely to the side, which would 659 00:33:27,040 --> 00:33:29,080 Speaker 11: be you know, really I mean huge and and really 660 00:33:29,160 --> 00:33:31,280 Speaker 11: kind of win win all around. But that said, the 661 00:33:31,400 --> 00:33:33,040 Speaker 11: details of such and I can go into a few 662 00:33:33,080 --> 00:33:36,320 Speaker 11: of them. For example, they're they're arguing on the phases 663 00:33:36,320 --> 00:33:38,760 Speaker 11: of hostages who should be released and and you know, 664 00:33:38,840 --> 00:33:42,200 Speaker 11: first would be women and and and remaining children and 665 00:33:42,240 --> 00:33:45,400 Speaker 11: then and then men and soldiers and and so they're 666 00:33:45,480 --> 00:33:48,120 Speaker 11: arguing over those phases that is Israel doesn't like the 667 00:33:48,120 --> 00:33:51,360 Speaker 11: phases that Hamas is putting forward on that Israel wants 668 00:33:51,400 --> 00:33:53,760 Speaker 11: to have a military presence along the border between Gaza 669 00:33:53,760 --> 00:33:56,520 Speaker 11: and Egypt, and Hamas is now against that. So there 670 00:33:56,520 --> 00:33:58,920 Speaker 11: are things like that Israel wants to set up checkpoints 671 00:33:59,240 --> 00:34:03,000 Speaker 11: inside Gaza to check on people to weed out militants. 672 00:34:03,200 --> 00:34:04,120 Speaker 10: Hamas doesn't like that. 673 00:34:04,200 --> 00:34:06,720 Speaker 11: So there are these details that things of this kind 674 00:34:06,760 --> 00:34:09,480 Speaker 11: that aren't in that broader outline that they're trying to 675 00:34:09,520 --> 00:34:12,320 Speaker 11: figure out now. And by the way, that's the similar process, 676 00:34:12,360 --> 00:34:15,120 Speaker 11: whether it's a ceasefire or a peace negotiation, and so 677 00:34:15,200 --> 00:34:18,160 Speaker 11: it's very common. But unfortunately you're talking about two sides 678 00:34:18,200 --> 00:34:21,960 Speaker 11: who have deep, deep, deep distrust on both ends. And 679 00:34:22,400 --> 00:34:23,960 Speaker 11: Israel's goal at the end of the day is not 680 00:34:24,000 --> 00:34:26,120 Speaker 11: the same as the merrick As the United States's goal. 681 00:34:26,400 --> 00:34:29,359 Speaker 11: Their goal ultimately is to defeat Hamas completely, and I 682 00:34:29,360 --> 00:34:31,120 Speaker 11: think that they feel that that's not there yet, and 683 00:34:31,160 --> 00:34:34,480 Speaker 11: Hamas knows that. So they're afraid that even after a ceasefire, 684 00:34:34,719 --> 00:34:37,120 Speaker 11: is Oh would resume some kind of violence. 685 00:34:37,120 --> 00:34:38,800 Speaker 10: And so that's also in the background here. 686 00:34:40,160 --> 00:34:43,799 Speaker 3: Regard there's a belief that the release of the hostages. 687 00:34:43,840 --> 00:34:46,439 Speaker 3: Still more than one hundred living and dead hostages held 688 00:34:46,440 --> 00:34:49,359 Speaker 3: in Gaza cannot be secured militarily. 689 00:34:49,400 --> 00:34:53,239 Speaker 10: Do you believe that, oh, I do believe that. 690 00:34:53,280 --> 00:34:56,160 Speaker 11: I mean after October seven, when when so many hostages 691 00:34:56,200 --> 00:35:00,319 Speaker 11: were taken in, knowing how brutal Hamas is and the 692 00:35:00,320 --> 00:35:03,000 Speaker 11: conditions in Gaza, and I knew that the response from 693 00:35:03,040 --> 00:35:05,720 Speaker 11: Israel was going to be severe and that the conditions 694 00:35:05,760 --> 00:35:08,560 Speaker 11: would then worsen in Gaza. I always thought that that 695 00:35:08,640 --> 00:35:10,800 Speaker 11: their lives were really pretty much the lives of the 696 00:35:10,840 --> 00:35:14,040 Speaker 11: hostages were hanging by thread. But I think that's especially 697 00:35:14,640 --> 00:35:17,319 Speaker 11: especially more evident now. And proof of that is the 698 00:35:17,320 --> 00:35:22,120 Speaker 11: fact that now you have Gaza's entire population, almost the 699 00:35:22,280 --> 00:35:24,479 Speaker 11: entire population of two point two two point three million 700 00:35:24,520 --> 00:35:27,239 Speaker 11: people have been displaced and have to have had to 701 00:35:27,239 --> 00:35:31,000 Speaker 11: continue to move many times, and so you have hostages 702 00:35:31,000 --> 00:35:32,960 Speaker 11: in the mix of that, you always have water and 703 00:35:33,000 --> 00:35:36,440 Speaker 11: food issues and medicine issues. And I believe the Israeli 704 00:35:36,480 --> 00:35:39,879 Speaker 11: government came out saying that it's believed that only half 705 00:35:40,200 --> 00:35:42,239 Speaker 11: or a third of those of those hostages, is about 706 00:35:42,239 --> 00:35:45,000 Speaker 11: one hundred and fifteen left, are still alive. And so 707 00:35:45,280 --> 00:35:47,960 Speaker 11: that's why you have increasing pressure inside Israel. You have 708 00:35:48,000 --> 00:35:51,319 Speaker 11: had protests today knowing that these talks are taking place 709 00:35:51,320 --> 00:35:54,359 Speaker 11: in Doha. The families of the hostages are protesting saying 710 00:35:54,400 --> 00:35:56,919 Speaker 11: that they don't want the negotiators to return without a deal, 711 00:35:57,239 --> 00:35:59,320 Speaker 11: And of course they've said that before, but they really 712 00:35:59,360 --> 00:36:01,480 Speaker 11: mean it this time because they know that time is 713 00:36:01,480 --> 00:36:03,840 Speaker 11: of the essence for these hostages. But the US, what 714 00:36:03,840 --> 00:36:07,440 Speaker 11: they're trying to convey is, hey, Israel, you have defeated 715 00:36:07,480 --> 00:36:10,960 Speaker 11: Hamas significantly to the point where we don't believe they 716 00:36:10,960 --> 00:36:15,040 Speaker 11: could actually pose a significant threat to you or govern Gaza, 717 00:36:15,440 --> 00:36:19,200 Speaker 11: and therefore it's time to get the hostages back. And 718 00:36:19,800 --> 00:36:23,440 Speaker 11: if you want to focus on continuing to undermine hamas 719 00:36:23,520 --> 00:36:27,399 Speaker 11: it has to be with these very specific targeted operations 720 00:36:27,400 --> 00:36:30,400 Speaker 11: that kill leaders, as you saw in Iran and in Lebanon. 721 00:36:30,800 --> 00:36:33,080 Speaker 10: And that is, by the way, where I think the 722 00:36:33,120 --> 00:36:34,000 Speaker 10: war is headed anyway. 723 00:36:34,280 --> 00:36:36,200 Speaker 11: So that's what the US is trying to convey is 724 00:36:36,280 --> 00:36:38,759 Speaker 11: you know, listen, you're not going to find any more 725 00:36:38,760 --> 00:36:42,719 Speaker 11: opportunities to bomb your way out of this, and you're 726 00:36:42,760 --> 00:36:45,600 Speaker 11: only going to find yourself endangering way too many civilians. 727 00:36:45,600 --> 00:36:46,480 Speaker 10: It's time to move on. 728 00:36:46,840 --> 00:36:48,920 Speaker 11: It's released the hostages and move to the next phase 729 00:36:48,920 --> 00:36:49,160 Speaker 11: of this. 730 00:36:50,760 --> 00:36:54,160 Speaker 8: Well, as you allude to the assassinations, the strikes against 731 00:36:54,239 --> 00:36:57,840 Speaker 8: these leaders in Beirut and Tran, we are still waiting 732 00:36:57,920 --> 00:37:00,879 Speaker 8: the response from Hesbela or Iran or are both on 733 00:37:00,920 --> 00:37:04,759 Speaker 8: that front? Hagar, What is your expectation. The longer we wait, 734 00:37:04,800 --> 00:37:07,759 Speaker 8: does it indicate the strike against Israel the retaliation is 735 00:37:07,760 --> 00:37:10,080 Speaker 8: only going to be more severe? Does it suggest one 736 00:37:10,160 --> 00:37:11,080 Speaker 8: might not be coming at all? 737 00:37:12,600 --> 00:37:15,680 Speaker 11: The longer we wait, the more it implies that they 738 00:37:15,719 --> 00:37:18,600 Speaker 11: are waiting to see what happens with the ceasefire talks, 739 00:37:19,040 --> 00:37:21,680 Speaker 11: because Iran has something to gain out of these ceasefire 740 00:37:21,719 --> 00:37:22,399 Speaker 11: talks as well. 741 00:37:23,440 --> 00:37:24,160 Speaker 10: You know, we have to. 742 00:37:24,120 --> 00:37:28,760 Speaker 11: Remember that you have now a huge presence US military 743 00:37:28,760 --> 00:37:31,799 Speaker 11: presence in the region, and even that's been doubled down 744 00:37:32,080 --> 00:37:35,040 Speaker 11: by the US Defense Department. Right another submarine was sent in, 745 00:37:35,080 --> 00:37:37,640 Speaker 11: another carrier was sent in. We have US presents all 746 00:37:37,640 --> 00:37:40,960 Speaker 11: across the region, and Iran and Hasbella, No, they don't. 747 00:37:41,080 --> 00:37:43,440 Speaker 11: They want to respond that they don't want to enter 748 00:37:43,480 --> 00:37:46,680 Speaker 11: a war into any kind of engagement with the United States, 749 00:37:46,880 --> 00:37:49,360 Speaker 11: and they've made that very clear. They want it seems 750 00:37:49,600 --> 00:37:52,680 Speaker 11: a repeat of April where you had three hundred drones 751 00:37:52,680 --> 00:37:55,040 Speaker 11: and missiles launched by Iran. All of them were successfully 752 00:37:55,080 --> 00:37:58,640 Speaker 11: intercepted except one or two, and Israel responded, but then 753 00:37:58,680 --> 00:38:01,360 Speaker 11: every side retreated, and that's kind of my expectation for 754 00:38:01,440 --> 00:38:05,040 Speaker 11: the next assault. But now now that we've gone this far, 755 00:38:05,160 --> 00:38:07,680 Speaker 11: they've waited this long and we have these ceasefire talks, 756 00:38:07,840 --> 00:38:12,359 Speaker 11: my expectation is they're definitely holding on until they see 757 00:38:12,360 --> 00:38:14,399 Speaker 11: how those cease fire talks happen. And we'll know more 758 00:38:14,760 --> 00:38:16,720 Speaker 11: at the end of the weekend, because it's really today 759 00:38:16,719 --> 00:38:19,600 Speaker 11: and Friday that are the peak of these talks, apparently 760 00:38:19,600 --> 00:38:22,239 Speaker 11: according to White House at least, and then if those 761 00:38:22,280 --> 00:38:25,040 Speaker 11: talks fault, then I would expect this assault that we've all. 762 00:38:24,920 --> 00:38:26,480 Speaker 10: Been waiting for to actually happen. 763 00:38:26,680 --> 00:38:29,120 Speaker 11: But if there's some glimmer of light, then a glimmer 764 00:38:29,160 --> 00:38:31,480 Speaker 11: of hope, I would expect them to retreat a little bit, 765 00:38:31,520 --> 00:38:32,160 Speaker 11: because at the end of. 766 00:38:32,160 --> 00:38:35,560 Speaker 10: The day, any engagement with the United States, anything that. 767 00:38:35,760 --> 00:38:37,960 Speaker 11: Undermines that ran in regime in general at a time 768 00:38:38,040 --> 00:38:42,000 Speaker 11: where their own people are against the regime, it threatens 769 00:38:42,440 --> 00:38:46,759 Speaker 11: their power, it threatens their existence altogether, and. 770 00:38:46,760 --> 00:38:49,640 Speaker 10: So then they're aware of that. So that's what I expect. 771 00:38:49,719 --> 00:38:51,560 Speaker 11: We're not going to see anything until these ceasefire talks 772 00:38:51,560 --> 00:38:53,799 Speaker 11: are over at least we know what direction they're taking. 773 00:38:55,239 --> 00:38:56,879 Speaker 3: Are we only have a minute left. I don't want 774 00:38:56,880 --> 00:38:59,160 Speaker 3: to have to cut you off here, so just fair warning. 775 00:38:59,200 --> 00:39:03,440 Speaker 3: I'm wondering what you are hearing about pro Palestinian protesters, 776 00:39:03,480 --> 00:39:06,280 Speaker 3: if anything, disrupting the DNC next week in Chicago. 777 00:39:07,520 --> 00:39:10,000 Speaker 11: I am hearing actually that they are planning on on 778 00:39:10,200 --> 00:39:12,080 Speaker 11: on disrupting the DNC. 779 00:39:12,280 --> 00:39:14,160 Speaker 10: They tried, I believe last night. 780 00:39:14,719 --> 00:39:17,040 Speaker 11: The Vice president was at a fundraising event in the 781 00:39:17,080 --> 00:39:18,279 Speaker 11: city and they tried to. 782 00:39:18,480 --> 00:39:20,880 Speaker 10: It became violent. They threw they tried. 783 00:39:20,719 --> 00:39:23,040 Speaker 11: To break into the restaurant, they tried to They ended 784 00:39:23,120 --> 00:39:26,520 Speaker 11: up throwing things at the police and and smoke canisters 785 00:39:26,560 --> 00:39:29,439 Speaker 11: and getting very violent. And I expect them to try again, 786 00:39:29,480 --> 00:39:31,360 Speaker 11: and I expect the Vice President to put them in 787 00:39:31,400 --> 00:39:34,319 Speaker 11: their place once again. This is not anybody. I do 788 00:39:34,360 --> 00:39:36,040 Speaker 11: a lot of work in human rights, a lot of 789 00:39:36,040 --> 00:39:38,959 Speaker 11: work with activists on teaching them how to protest effectively, and. 790 00:39:38,880 --> 00:39:39,640 Speaker 10: That is not the way. 791 00:39:41,080 --> 00:39:42,799 Speaker 3: Well, let's stay in touch on that. This is going 792 00:39:42,840 --> 00:39:44,799 Speaker 3: to be interesting as we head for Chicago next week. 793 00:39:44,800 --> 00:39:49,480 Speaker 3: A Garshamali always a pleasure to spend time Greenwich Media Strategies, 794 00:39:49,520 --> 00:39:53,160 Speaker 3: former National Security Council on Syria, and Levin on with us. 795 00:39:53,160 --> 00:39:59,520 Speaker 2: Here you're listening to the Bloomberg Balance of Power podcast 796 00:40:00,280 --> 00:40:03,600 Speaker 2: live weekdays at noon Eastern on Applecarplay and then Roudoo 797 00:40:03,719 --> 00:40:06,520 Speaker 2: with the Bloomberg Business app. You can also listen live 798 00:40:06,600 --> 00:40:09,799 Speaker 2: on Amazon Alexa from our flagship New York station, Just 799 00:40:09,840 --> 00:40:12,440 Speaker 2: say Alexa Play Bloomberg eleven thirty. 800 00:40:14,640 --> 00:40:17,120 Speaker 3: Welcome to the Thursday edition of Ballast and Power here 801 00:40:17,120 --> 00:40:19,880 Speaker 3: on Bloomberg TV and Radio. As we count down to 802 00:40:19,920 --> 00:40:22,759 Speaker 3: the first appearance Joe Biden Kamala Harris together on the 803 00:40:22,800 --> 00:40:26,080 Speaker 3: same stage. Since the President of the United States dropped 804 00:40:26,120 --> 00:40:29,640 Speaker 3: out of the race, they're together today at Prince George's 805 00:40:29,680 --> 00:40:33,600 Speaker 3: County Community College. This is in Maryland, just outside of 806 00:40:33,640 --> 00:40:35,959 Speaker 3: the nation's capital. If you're with us on Bloomberg TV 807 00:40:36,080 --> 00:40:38,360 Speaker 3: or YouTube, you see the stage that has been set 808 00:40:38,640 --> 00:40:43,719 Speaker 3: lowering prescription drug costs, the language on the signage, the 809 00:40:43,800 --> 00:40:47,320 Speaker 3: backdrops on this stage. They just put the presidential seal 810 00:40:47,760 --> 00:40:51,399 Speaker 3: in place. Kaylee wes Moore, the Governor of Maryland, helped 811 00:40:51,400 --> 00:40:53,640 Speaker 3: to get the crowd wound up before these two emerge. 812 00:40:53,920 --> 00:40:55,840 Speaker 8: Yeah, of course, it will be fascinating to see the 813 00:40:55,920 --> 00:40:58,880 Speaker 8: current president and one who was seeking to be president 814 00:40:58,920 --> 00:41:00,960 Speaker 8: after him joining the state age together as this may 815 00:41:00,960 --> 00:41:04,320 Speaker 8: be in part legacy defining for Joe Biden, but also 816 00:41:04,440 --> 00:41:07,800 Speaker 8: an attempt to campaign for the vice president here. And 817 00:41:08,120 --> 00:41:11,279 Speaker 8: it's worth noting that after today in Maryland, Harris will 818 00:41:11,280 --> 00:41:14,320 Speaker 8: be in North Carolina tomorrow giving a speech on economic policy. 819 00:41:14,360 --> 00:41:16,120 Speaker 8: What she would like to pursue and the question we've 820 00:41:16,160 --> 00:41:18,200 Speaker 8: been asking is to what extent will she try to 821 00:41:18,280 --> 00:41:21,600 Speaker 8: distance herself from the policies of President Biden. Biden was 822 00:41:21,640 --> 00:41:27,200 Speaker 8: asked that question on his way to this auditorium earlier today. 823 00:41:27,600 --> 00:41:29,040 Speaker 8: He said, she's not going to. 824 00:41:30,360 --> 00:41:32,080 Speaker 3: Well, we're going to find out about that, because she 825 00:41:32,120 --> 00:41:36,520 Speaker 3: does plan to propose legislation that would ban price gouging 826 00:41:37,080 --> 00:41:39,160 Speaker 3: in the food business, one of the things at least 827 00:41:39,200 --> 00:41:42,160 Speaker 3: we know she'll be outlining. But still a lot of questions, Kayley, 828 00:41:42,200 --> 00:41:44,040 Speaker 3: about what that speech might bring in frankly, what we're 829 00:41:44,040 --> 00:41:44,720 Speaker 3: going to hear today. 830 00:41:44,920 --> 00:41:46,920 Speaker 8: So let's get into it now with Matt Bennett from 831 00:41:46,920 --> 00:41:49,640 Speaker 8: Third Way where he is executive vice president for Public Affairs, 832 00:41:49,680 --> 00:41:51,960 Speaker 8: as we await the emergence of the Vice president and 833 00:41:52,000 --> 00:41:55,480 Speaker 8: president on that stage together in Maryland. So, Matt, how 834 00:41:55,480 --> 00:41:58,160 Speaker 8: hard is this line going to be to walk for 835 00:41:58,280 --> 00:42:00,480 Speaker 8: Vice President Harris as she, on the one hand, tries 836 00:42:00,520 --> 00:42:02,960 Speaker 8: to applaud the efforts of this administration that she's been 837 00:42:03,000 --> 00:42:04,880 Speaker 8: a part of, but knowing the negatives that it can 838 00:42:04,880 --> 00:42:07,560 Speaker 8: also come with, that may try to create some degree 839 00:42:07,600 --> 00:42:08,200 Speaker 8: of separation. 840 00:42:09,520 --> 00:42:12,120 Speaker 12: Yeah, it's really tricky, and I think there's a distinction 841 00:42:12,200 --> 00:42:16,960 Speaker 12: to be drawn between putting distance between herself and Biden 842 00:42:17,480 --> 00:42:20,680 Speaker 12: on the things that they have done or we're planning 843 00:42:20,680 --> 00:42:24,680 Speaker 12: to do, and proposals that she would like to enact 844 00:42:24,800 --> 00:42:27,680 Speaker 12: going forward. Those are different things. I don't think you're 845 00:42:27,680 --> 00:42:31,000 Speaker 12: going to see too much distance putting I think that 846 00:42:31,080 --> 00:42:35,279 Speaker 12: she will inevitably need to run on the record that 847 00:42:35,320 --> 00:42:38,879 Speaker 12: they created together, some of which is difficult for her 848 00:42:38,960 --> 00:42:41,439 Speaker 12: because of the inflation, but some of which is very, 849 00:42:41,560 --> 00:42:44,000 Speaker 12: very positive. They did a lot of really important and 850 00:42:44,040 --> 00:42:48,880 Speaker 12: big economic things. Inflations coming down, jobs are booming, manufacturing's 851 00:42:48,920 --> 00:42:52,120 Speaker 12: coming back, the stock market's booming. So there's a lot 852 00:42:52,320 --> 00:42:54,520 Speaker 12: of good things for her to run on. But she's 853 00:42:54,560 --> 00:42:56,839 Speaker 12: got a articulate a vision for the future as well. 854 00:42:58,360 --> 00:43:01,520 Speaker 3: We're going to be hearing, of course, from the administration 855 00:43:01,640 --> 00:43:04,520 Speaker 3: as a whole here the Biden Harris campaign. In the 856 00:43:04,560 --> 00:43:07,279 Speaker 3: next couple of moments, Matt, they're going to talk about 857 00:43:07,320 --> 00:43:10,080 Speaker 3: medicare expected to save six billion dollars. You can see 858 00:43:10,080 --> 00:43:12,160 Speaker 3: if you're with us on YouTube or Bloomberg TV. The 859 00:43:12,200 --> 00:43:15,080 Speaker 3: signage in the room focused on this the first round 860 00:43:15,120 --> 00:43:20,480 Speaker 3: of price negotiations on ten widely used drugs. This is 861 00:43:20,520 --> 00:43:24,280 Speaker 3: a pretty bipartisan message. Who's the audience. Is this aimed 862 00:43:24,280 --> 00:43:26,640 Speaker 3: at senior voters or is it about. 863 00:43:26,360 --> 00:43:26,800 Speaker 2: More than that. 864 00:43:27,840 --> 00:43:30,640 Speaker 12: It's definitely aimed at seniors and the people who love them. 865 00:43:31,440 --> 00:43:35,360 Speaker 12: Prescription drugs are a huge part of the budget, the 866 00:43:35,400 --> 00:43:40,080 Speaker 12: household budget for many seniors, and this is a big deal. 867 00:43:40,239 --> 00:43:43,440 Speaker 12: It's billions of dollars, not only in savings for the 868 00:43:43,520 --> 00:43:47,600 Speaker 12: federal government, but also in savings for people. And it's 869 00:43:47,800 --> 00:43:50,160 Speaker 12: long time coming. As you say, it was a bipartisan 870 00:43:50,440 --> 00:43:54,840 Speaker 12: effort in Congress to allow Medicare to begin to bargain 871 00:43:54,920 --> 00:43:57,719 Speaker 12: with pharmaceutical companies which they were barred from doing for 872 00:43:57,760 --> 00:44:01,319 Speaker 12: a really long time that kept prices artificially high. So 873 00:44:01,320 --> 00:44:04,360 Speaker 12: I think this is very important for them politically. 874 00:44:04,440 --> 00:44:10,320 Speaker 8: And subsequently, Matt, as we await these remarks, we've gotten 875 00:44:10,320 --> 00:44:12,920 Speaker 8: some new polling data today. This is from Pew Research 876 00:44:13,040 --> 00:44:16,520 Speaker 8: that does show that Harris is leading, although it's very close. 877 00:44:16,560 --> 00:44:19,800 Speaker 8: We're basically talking a tie here, forty six Harris, forty 878 00:44:19,800 --> 00:44:23,440 Speaker 8: five Trump with registered voters nationally, another seven percent for 879 00:44:23,520 --> 00:44:27,680 Speaker 8: Robert F. Kennedy Junior. But the demographic information was really interesting. 880 00:44:27,800 --> 00:44:31,240 Speaker 8: Seventy seven percent of Black voters said they support orler 881 00:44:31,320 --> 00:44:34,080 Speaker 8: leaning toward Harris, compared to sixty four percent who said 882 00:44:34,080 --> 00:44:37,320 Speaker 8: the same about Biden in the last survey. Hispanic voters 883 00:44:37,400 --> 00:44:40,480 Speaker 8: also favor Harris over Trump by a seventeen point margin. 884 00:44:40,920 --> 00:44:43,239 Speaker 8: Especially when we consider the difference in the way these 885 00:44:43,280 --> 00:44:46,120 Speaker 8: demographics are viewing Harris compared to Biden. Is that really 886 00:44:46,160 --> 00:44:48,399 Speaker 8: truly at the end of the day. In economic story as. 887 00:44:48,320 --> 00:44:53,560 Speaker 12: Well, I think it is both economic but also broader. 888 00:44:54,040 --> 00:44:57,120 Speaker 12: You know, people pick their presidents differently than they pick 889 00:44:57,360 --> 00:45:03,560 Speaker 12: other elected officials and mayors and senators. They don't look 890 00:45:03,600 --> 00:45:05,920 Speaker 12: at a list of achievements. They don't look at a 891 00:45:05,920 --> 00:45:09,319 Speaker 12: list of policy proposals and match them up, well, I 892 00:45:09,440 --> 00:45:12,520 Speaker 12: like this person on abortion and this person on the economy. 893 00:45:13,080 --> 00:45:16,520 Speaker 12: They make it in a much more holistic way, because 894 00:45:16,680 --> 00:45:20,480 Speaker 12: presidents live in people's lives in ways that other politicians 895 00:45:20,520 --> 00:45:23,279 Speaker 12: do not, and so I think they a lot of 896 00:45:23,280 --> 00:45:27,120 Speaker 12: this is simply that they like the energy that they 897 00:45:27,160 --> 00:45:30,400 Speaker 12: get from Harris and Walls, not just the youthfulness, but 898 00:45:30,760 --> 00:45:34,840 Speaker 12: the kind of positivity. And I think they were not 899 00:45:35,080 --> 00:45:37,560 Speaker 12: loving what they were seeing from the president in that regard, 900 00:45:37,840 --> 00:45:39,480 Speaker 12: and so I think that's a big part of the difference. 901 00:45:39,520 --> 00:45:43,000 Speaker 12: I don't think that a major policy shift is what 902 00:45:43,120 --> 00:45:46,360 Speaker 12: is pushing these poll numbers so dramatically in her direction. 903 00:45:48,360 --> 00:45:52,080 Speaker 3: We're seeing images now of Judith Judy Aiken, a retired 904 00:45:52,160 --> 00:45:55,600 Speaker 3: nurse who's going to be introducing Kamala Harris will speak 905 00:45:55,680 --> 00:45:59,279 Speaker 3: before President Biden. Based on what we understand here in 906 00:45:59,320 --> 00:46:02,480 Speaker 3: the run of show. Oh, Matt, this is quite a 907 00:46:02,520 --> 00:46:05,000 Speaker 3: moment for Joe Biden as we wait for them to 908 00:46:05,040 --> 00:46:07,520 Speaker 3: take the stage. Here, what's going through his mind because 909 00:46:07,560 --> 00:46:11,120 Speaker 3: as of this moment, now it's not about him anymore. 910 00:46:12,760 --> 00:46:15,279 Speaker 12: Yeah, I mean, this is kind of the last val moment, 911 00:46:15,320 --> 00:46:18,640 Speaker 12: where it is the person who speaks last is most 912 00:46:18,680 --> 00:46:21,879 Speaker 12: important in politics, and today it'll be him, but next 913 00:46:21,920 --> 00:46:24,200 Speaker 12: week it'll be her. You know, he's speaking Monday and 914 00:46:24,239 --> 00:46:27,560 Speaker 12: she's speaking Thursday as the nominee of our party, and 915 00:46:28,120 --> 00:46:31,520 Speaker 12: that's a big deal. And I can only imagine how 916 00:46:31,520 --> 00:46:33,480 Speaker 12: difficult this is for him, given the way that this 917 00:46:33,600 --> 00:46:37,359 Speaker 12: all came about. However, I think what we will hear 918 00:46:37,400 --> 00:46:42,439 Speaker 12: on Monday, especially, is a real summation and valedictory set 919 00:46:42,440 --> 00:46:45,120 Speaker 12: of remarks from him about the things that he and 920 00:46:45,160 --> 00:46:47,719 Speaker 12: she were able to achieve in just four years, with 921 00:46:47,880 --> 00:46:51,640 Speaker 12: very narrow margins in Congress and against some very tall odds. 922 00:46:51,680 --> 00:46:54,160 Speaker 12: I mean, they took over with the pandemic still raging, 923 00:46:54,200 --> 00:46:55,800 Speaker 12: with people dying, with the unemployment. 924 00:46:55,840 --> 00:46:56,000 Speaker 10: Great. 925 00:46:56,239 --> 00:46:58,399 Speaker 12: Hi, So that's right, A good yot. 926 00:47:01,200 --> 00:47:04,440 Speaker 3: Thanks for listening to the Balance of Power podcast. Make 927 00:47:04,440 --> 00:47:07,400 Speaker 3: sure to subscribe if you haven't already at Apple, Spotify, 928 00:47:07,520 --> 00:47:10,080 Speaker 3: or wherever you get your podcasts, and you can find 929 00:47:10,160 --> 00:47:13,839 Speaker 3: us live every weekday from Washington, DC at Noontimeeastern at 930 00:47:13,840 --> 00:47:15,120 Speaker 3: Bloomberg dot com.