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Speaker 3: As we consider what we're going to hear a little
Speaker 3: bit later on today from Joe Biden and Kamala Harris.
Speaker 3: They're coming together in Prince George's County, Maryland, which is
Speaker 3: just outside just across the Potomac from Washington, d C.
Speaker 3: And we're going to see this Bidenomics turning into Kamala
Speaker 3: namics before our eyes.
Speaker 2: Here.
Speaker 3: Important to the White House announcing this morning that Medicare
Speaker 3: is expected to save six billion dollars from the first
Speaker 3: round of price negotiations. You're gonna hear Joe Biden talk
Speaker 3: about this. It involves ten widely used drugs, seniors, they say,
Speaker 3: saving one and a half billion dollars out of pocket.
Speaker 3: This is on brand if you're talking about lowering prices.
Speaker 3: That's the point of this today, the progress that's been
Speaker 3: made so far. Tomorrow, Kamala Harris in North Carolina is
Speaker 3: going to roll out her whole economic package here and
Speaker 3: presumably give us a sense of where we go from here.
Speaker 3: And will there be differences in the Joe Biden versus
Speaker 3: Kamala Harris approach. We don't know, and that's why we're
Speaker 3: going to be listening, But we do want to stop
Speaker 3: down for an important moment in political history. If you
Speaker 3: listen to or watch this program, this is obviously important
Speaker 3: to you, and it certainly is to Adam Hodge. We
Speaker 3: wanted to bring in Adam based on his experience as
Speaker 3: an advisor to Joe Biden, a member of this administration
Speaker 3: before he became managing director at Bully Pulpit International spokesman
Speaker 3: by the way, for the National Security Council. That was
Speaker 3: his area of expertise in the White House. And Adam,
Speaker 3: it's great to see you today. You've been talking to
Speaker 3: us through this whole process of Joe Biden coming to
Speaker 3: grips with what's happening, his decision to drop out, and
Speaker 3: now today it's been a while now, it's been a
Speaker 3: couple of weeks. Today he'll be actually on a stage
Speaker 3: with Kamala Harris. What's this going to feel like?
Speaker 4: I think it'll feel like a really great opportunity for
Speaker 4: him to pass the baton physically right and all leading
Speaker 4: into what should be a very raucous and warm welcome
Speaker 4: for him at the convention in Chicago next week. There's
Speaker 4: an opportunity for him to really help her in some
Speaker 4: of the areas where he was particularly strong at the
Speaker 4: campaign trail. I mean, I think he went to Scranton
Speaker 4: more times as president than just about any president in history, right,
Speaker 4: So I think you'll continue to see him almost like
Speaker 4: be the permission structure for some of the voters who
Speaker 4: were following and who believed and who loved Joe Biden
Speaker 4: in some of those middle class areas of the country,
Speaker 4: to him passing the torch and say you can trust
Speaker 4: Kamala Harris to fight for you, just like you trusted me.
Speaker 4: That is I think going to be the overarching theme
Speaker 4: of his effort on her behalf over the next few
Speaker 4: weeks of the campaign.
Speaker 3: Interesting, how difficult is it's going to be for him.
Speaker 3: At the same time, he's addressed the American people from
Speaker 3: the Oval Office, He's done a couple of interviews, But
Speaker 3: to stand up there and remember what that was like,
Speaker 3: to soak this up. It's gonna be one of the
Speaker 3: last political rallies he's ever involved in.
Speaker 4: Well, I mean, we've got eighty five whatever days until
Speaker 4: election day. He's got plenty more rallies to go. I
Speaker 4: think the convention will be again one of those moments
Speaker 4: where he will feel the love from the party. I
Speaker 4: think it's an important moment for him, though, and for
Speaker 4: her to talk about their success that they've had trying
Speaker 4: to fight inflation and lowering costs, right, I mean, and
Speaker 4: their real economic record that they can both own together.
Speaker 3: Well, you know, and I ask you that knowing that
Speaker 3: he may well make appearances on the trail, but it's
Speaker 3: not gonna be about him anymore.
Speaker 4: No, But that's he again. He said when he was
Speaker 4: running he was a transformational candidate. He was going to
Speaker 4: pass the baton. It may have not happened exactly in
Speaker 4: the timeline that he envisioned. I think clearly there's been
Speaker 4: reporting that he thinks he still could win, but I
Speaker 4: think it's an opportunity for him to also help hand
Speaker 4: over the economic record. So sixteen million jobs we saw
Speaker 4: this week, three hundred thousand clean energy jobs, and you've
Speaker 4: seen actually what I found fascinating her a favorability on
Speaker 4: the economy has actually ticked up. Of the last few weeks.
Speaker 4: She's pulled even or close to even with Trump and
Speaker 4: a lot of the economic who they trust on the economy.
Speaker 4: That's real momentum that I think captures some of this
Speaker 4: passing of the torch. Now it's on her to take
Speaker 4: it and take the baton and run through.
Speaker 3: I saw the pole which I think you're referring to,
Speaker 3: which I know is very good news for the campaign.
Speaker 3: It argues with some other polls that would suggest this
Speaker 3: is still Donald Trump's issue to lose. He had an
Speaker 3: opportunity to talk about it yesterday, didn't say a lot
Speaker 3: about his economic plan where he got the Hannibal lecter
Speaker 3: and all the rest of this stuff. What kind of
Speaker 3: an opportunity does that present for Kamala Harris? And I
Speaker 3: ask you that, knowing there's reporting today she's going to
Speaker 3: call on Congress, according to Politico, to pass a federal
Speaker 3: ban on price gouging tomorrow, how specific does she need
Speaker 3: to be about her plans to draw a contrast to
Speaker 3: Donald Trump.
Speaker 4: I mean to go back to your point, Yesterday could
Speaker 4: not have been a more stark contrast for Trump. You've
Speaker 4: got CPI coming down below three percent for the first
Speaker 4: time in almost three years, and then he's talking about
Speaker 4: raising tariffs to twenty percent, which would but the Peterson Institute,
Speaker 4: non Partisan said would raise costs about seventeen hundred bucks
Speaker 4: for hardworking families. Pivot to tomorrow. She's got an opportunity
Speaker 4: to lay out of contrast. She is coming out with
Speaker 4: an idea, a proposal that she thinks will lower costs
Speaker 4: in the grocery store. Trump, you didn't say.
Speaker 3: He talked a lot.
Speaker 4: About grocery prices yesterday, but there wasn't really any detail
Speaker 4: about what he'd do about it. Sure, the price gouging
Speaker 4: plan is certainly an opportunity to pick up on some
Speaker 4: of the key messages they've talked about about lowering prices,
Speaker 4: whether it's Inflation Reduction Act and lowering costs for insulin,
Speaker 4: prescription drug out of pocket costs, those are all pieces
Speaker 4: of their agenda, and it is I think also speaks
Speaker 4: to a more empowered FTC and a terrorist administration. There's
Speaker 4: been a lot of questions about what that sy Well
Speaker 4: I mean. I think one of the things they signal
Speaker 4: was that the FTC would take a look at some
Speaker 4: of the mergers in this in the grocery space, you
Speaker 4: already saw the Biden administration industry specific to that industry after.
Speaker 3: We went through the Kroger affairs.
Speaker 4: Well, the rest right and that FTC suit is still
Speaker 4: still ongoing, right, So I think that is something that
Speaker 4: investors and companies should be paying attention to. She's signaling
Speaker 4: her intention as this is one area where people actually
Speaker 4: feel it, and I think that is where it makes
Speaker 4: part like good politics makes good policy for her in
Speaker 4: the campaign, they feel like this is a chance for
Speaker 4: them to drive an affirmative agenda and look at a
Speaker 4: forward looking agenda as opposed to Trump, who wants to
Speaker 4: take us back.
Speaker 3: Your specialty is national security. You were a national security advisor,
Speaker 3: of course in the White House, and this president has
Speaker 3: been associated with foreign policy for many years in his career.
Speaker 3: Kamala Harris doesn't have the experience that Joe Biden had
Speaker 3: coming into the White House, but there are a lot
Speaker 3: of questions about what difference there might be in their
Speaker 3: approach to foreign policy. I wonder what you think about that.
Speaker 3: Knowing that they're going to be a couple of dozen
Speaker 3: of uncommitted delegates in Chicago, rarely have thirty people made
Speaker 3: so much noise who are still upset about Israel policy.
Speaker 3: These are pro Palestinian protesters. What should they know about
Speaker 3: Kamala Harris, if anything, that's different than Joe Biden.
Speaker 4: The important thing to remember she actually comes into office
Speaker 4: with one of the strongest foreign policy records of experience
Speaker 4: than any other president since Joe Biden, I mean just
Speaker 4: at being the vice president. She traveled the world, spoke
Speaker 4: to world leaders ahead of Russia's invasion of Ukraine. She's
Speaker 4: talked pretty passionately about the plight of the people of
Speaker 4: Gaza in this crisis, and she's spoken, I think very
Speaker 4: effectively also about the need for a ceasefire and also
Speaker 4: Israel's right to defend itself and the real need to
Speaker 4: bring the hostages home. She's an effective communicator on these issues.
Speaker 4: I think you're going to see and what you were
Speaker 4: all looking and watching with bated breath about what may
Speaker 4: happen in the Middle East this week.
Speaker 2: Does she think.
Speaker 3: Differently about this than he does or is it a
Speaker 3: continuation of what we've seen for the last three years.
Speaker 3: Donald Trump made the point yesterday that her desk is
Speaker 3: ten steps away from the Oval office, that cuts both ways,
Speaker 3: depending on what you're talking about.
Speaker 4: Well, but she's been in this situation for some of
Speaker 4: the president's toughest calls. She was there on April thirteenth
Speaker 4: when Iran launched hundreds of initials into the situation room
Speaker 4: and helping give the president advice and council. So I
Speaker 4: think you will see a lot of continuity in their approach,
Speaker 4: and some of the officials who were part of the
Speaker 4: National Security team will I think likely to stick around,
Speaker 4: who are part of her team will stick around, and
Speaker 4: if she becomes president, I think the important she talks
Speaker 4: about alliances. She talks about rebuilding America's image on the
Speaker 4: world stage. That's something that Joe Biden invested a ton
Speaker 4: of time ago, right, that is part of his agenda,
Speaker 4: but it's also the right thing to do. It is
Speaker 4: in a way for us to be more effective things
Speaker 4: like bringing hostages home from abroad. That only happens if
Speaker 4: you have the relationships with world leaders. The good news
Speaker 4: for her, she can talk about how she's cultivated some
Speaker 4: of those relationships while she's been been Vice president. That's
Speaker 4: her objective, I think in laying out that vision over
Speaker 4: the next ninety odd days.
Speaker 3: And they took a picture for me. If we start
Speaker 3: in Chicago on Monday against the backdrop of an Iranian
Speaker 3: retaliatory strike against Israel, how does that change the optics
Speaker 3: the conversation and her challenge when she speaks.
Speaker 4: I mean, it will obviously inject an issue into the
Speaker 4: campaign that war in the Middle East is not anything
Speaker 4: anybody wants to have have happened, because it really means
Speaker 4: people's lives are being lost. I mean, like that's a
Speaker 4: real human cost to that conflict. I think for her
Speaker 4: it is an opportunity for her to reassert her credentials
Speaker 4: as a leader for the presidency, and that is something
Speaker 4: that she has to try to convince the American people.
Speaker 4: And I have the experience, I have the judgment, which
Speaker 4: is key to make the right decisions to be your
Speaker 4: commander in chief. That is something that I think she
Speaker 4: has done a good job of so far. That's another
Speaker 4: opportunity for her. I think it more of it as
Speaker 4: an opportunity to show her leadership credentials.
Speaker 3: Just have a minute left. To what extent will she
Speaker 3: go to draw contrast with Joe Biden tomorrow when she
Speaker 3: speaks to the economy.
Speaker 4: Oh, I don't think you'll see a whole lot of contrast.
Speaker 4: I think it'll be about laying out where she wants
Speaker 4: to build on his record again, like sixteen million jobs
Speaker 4: three three hundred thousand jobs in the clean energy sector alone.
Speaker 4: Those are real building blocks to go further. She's talked
Speaker 4: about the care economy, people, paid family leave. Those are
Speaker 4: all really popular policies that she wants to build on.
Speaker 4: It's not about sort of separate and putting Joe Biden's
Speaker 4: policies to the side. It's taking the progress and building
Speaker 4: on it.
Speaker 3: We'll be watching for that baton today with Adam hodgen Might.
Speaker 3: He's managing director of Bully Pulpit, a veteran of the
Speaker 3: Biden White House. Thanks for being with us. As always, Adam,
Speaker 3: it's great to talk to you.
Speaker 2: You're listening to the Bloomberg Balance of Power podcast can
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Speaker 3: Thanks for joining us here on the Thursday edition of
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Speaker 3: You'll see our live stream there with all of our
Speaker 3: shows throughout the day from New York to Washington, d C. Where,
Speaker 3: of course we're laser focused on the economy with more data.
Speaker 3: Today we talked about that with Anna Wong and on
Speaker 3: the campaign trail, the Big hand off. Today Joe Biden
Speaker 3: Kamala Harris on stage for the time since Joe Biden
Speaker 3: decided to drop out of the race. It's been a
Speaker 3: couple of weeks now. This will be an interesting set
Speaker 3: of optics before she delivers her economic address tomorrow. I
Speaker 3: will also note that there's going to be a news
Speaker 3: conference later today. Donald Trump reportedly in a news conference.
Speaker 3: You know, sometimes there are questions, sometimes they're not. But
Speaker 3: we're going to keep tabs on this, of course, for
Speaker 3: you to see if there's any news after he spoke
Speaker 3: about his economic ideas tomorrow, along with a lot of
Speaker 3: other things. And so it is the race to define
Speaker 3: Kamala Harris on both sides. Everyone knows what Donald Trump's
Speaker 3: all about, right. Interesting to note as we listened to
Speaker 3: him yesterday in his speech on the economy and many
Speaker 3: other things, he actually pronounced her name right. He said Kamala,
Speaker 3: not Kamala, not caama Bla, not any of the other
Speaker 3: things that we tend to hear from Donald Trump. And
Speaker 3: I don't know if that's worth noting as he maybe
Speaker 3: starts to take his either opponent more seriously or the
Speaker 3: advice of his advisors more seriously. Let's get with the
Speaker 3: panel now. Rick Davis is back with us today. I'm
Speaker 3: glad to report Bloomberg Politics contributor, partner at Stone Court Capital,
Speaker 3: joined by kitln Lagacky, partner at Four Corners Public Affairs,
Speaker 3: democratic strategist. Great to see you both with us. What
Speaker 3: do you make of that, Rick? Does it matter if
Speaker 3: Donald Trump starts to pronounce her name correctly? Is he
Speaker 3: actually acknowledging that he has a real opponent?
Speaker 5: You know, I don't think we should read too much
Speaker 5: into it. It maybe that he just made a mistake
Speaker 5: and forgot to try to savage her name pretty much keeping.
Speaker 5: I mean, you know, I'm waiting for the nickname. I mean,
Speaker 5: right now, she's been nicknameless. I mean one thing to
Speaker 5: disparage your name, but it's another thing not you know,
Speaker 5: to be an opponent to Donald Trump and not get
Speaker 5: a nickname is insulting.
Speaker 2: Uh so, uh.
Speaker 6: Yeah, and it could be some of the complaints that
Speaker 6: the GOP leaders are giving him about, you know, how
Speaker 6: he's a approaching the contrast with Harris is starting to
Speaker 6: sink in.
Speaker 5: I mean, even just scheduling this press conference today, it'll
Speaker 5: be interesting to see how much he sticks to the
Speaker 5: script or whether he does as usual, which is an
Speaker 5: hour of you know, misrepresentations, lives and and things like that.
Speaker 5: So I get the feeling that there's a gang tackle
Speaker 5: going on within the GOP trying to get him on
Speaker 5: a substantive message that we'll have a result in, trying
Speaker 5: to you know, sort of hold back the Harris surge
Speaker 5: that's going on right now. But maybe we're just reading
Speaker 5: too much into you know, a one off. But it's
Speaker 5: definitely different than it's you know lately.
Speaker 3: Well, you know, as soon as I go there, Rick,
Speaker 3: you look at some of the other things that were said.
Speaker 3: The Washington Post put the executive summary together pretty well, Caitlin,
Speaker 3: because we were all over the place. In this speech,
Speaker 3: he made fun of President Biden for being pressured to
Speaker 3: exit the race, criticize the administration's immigration policy, attacked on
Speaker 3: documented immigrants as criminals, personal attacks at Harris, and then
Speaker 3: claimed Harris had been chosen after Democrats quote decided to
Speaker 3: get politically correct, unquote what does he mean by that?
Speaker 7: Look, I'm not even gonna indulge that conversation because it's
Speaker 7: so ridiculous. I do think he has a crush on Harris.
Speaker 7: He did say, after he pronounced her name correctly, that
Speaker 7: her Time magazine cover looks like the.
Speaker 1: Most beautiful actress you've ever seen.
Speaker 7: So maybe things are much simpler than that, but yeah,
Speaker 7: it's I think the challenge for Republicans is that this
Speaker 7: kind of campaign is really unprecedented in modern American politics,
Speaker 7: and he has clearly thrown off his.
Speaker 1: Game by it.
Speaker 7: But you know, the reality is that he was supposed
Speaker 7: to give an economic speech yesterday. It turned into a
Speaker 7: lot of the same old stuff. He didn't even talk
Speaker 7: about his economic policies, which many business leaders have set
Speaker 7: are disastrous. And then you know, he had his opportunity
Speaker 7: at the convention to really set a new tone, and
Speaker 7: again he rambled for ninety minutes. I think the reality
Speaker 7: of the situation is that Trump is an eighty year
Speaker 7: old man.
Speaker 1: He's been like this entire life.
Speaker 7: He's not going to be able to change his tune,
Speaker 7: and I think a lot of Republicans are finally coming
Speaker 7: to reckon with that when it has started to play
Speaker 7: against them.
Speaker 3: Looks like we've got breaking news on debates here, which
Speaker 3: is interesting. We know that there had just been an
Speaker 3: October one vice presidential debate that had been agreed to.
Speaker 3: But this, I'm just learning this with you here. This
Speaker 3: is straight from the campaign, so let's find out together.
Speaker 2: It reads.
Speaker 3: This is from Michael Tyler, comm's director for the campaign.
Speaker 3: The debate about debates is over all right. Donald Trump's
Speaker 3: campaign accepted our proposal for three debates, todential and a
Speaker 3: vice presidential debate. Assuming Trump actually shows up Stember tenth
Speaker 3: to debate Kamala Harris, then Governor Wallace will see jd
Speaker 3: vance October one. The American people will have another opportunity,
Speaker 3: it says, to see the vice president and Donald Trump
Speaker 3: on the stage together in October. So, Rick, it looks
Speaker 3: like two and one. It's just like the commissions back
Speaker 3: in business.
Speaker 2: Here, isn't it.
Speaker 6: Yeah?
Speaker 5: I mean this is really pretty traditional format for the
Speaker 5: modern presidential debate cycle. The difference is the commission isn't involved,
Speaker 5: and they're going to have to I think I'm not
Speaker 5: sure in that October presidential debate they've picked a host,
Speaker 5: but you've got breaking news, so it may include that
Speaker 5: in there. But I actually think it's refreshing that campaigns
Speaker 5: actually talked to one another and make these arrangements. They
Speaker 5: don't need a big infrastructure between them, they don't need
Speaker 5: a lot of haggling over rules and that kind of thing.
Speaker 5: So and I also hope that this is like the
Speaker 5: first presidential debate. I mean, technically, we'll have had three
Speaker 5: presidential debates this year, which is kind of entertaining. And
Speaker 5: yet you know, like I like the fact that, you know,
Speaker 5: they hold these studio debates and there's not a crowd
Speaker 5: to be distracting, and you can focus in on the
Speaker 5: candidates themselves. So Prussian fingers. Maybe the format will stick.
Speaker 5: And I think, you know, we have a chance to
Speaker 5: see something really interesting, which was I don't think anything
Speaker 5: anybody would have ever anticipated that Kamala Harris and Donald
Speaker 5: Trump take the stage together and go at it for
Speaker 5: ninety minutes.
Speaker 3: It's interesting. Caitlin weigh in on the idea of another
Speaker 3: you know, three debates here, But I find it interesting
Speaker 3: the language used in the statement. By the way, no
Speaker 3: host is referred to in this announcement, Rick, we don't
Speaker 3: have a network tied to this one in October yet
Speaker 3: it says in October, with no other details. But the
Speaker 3: way this is written, it says Caitlin quote. Assuming Donald
Speaker 3: Trump actually shows up September tenth to debate Vice President Harris,
Speaker 3: then the others will take place? Do they not think
Speaker 3: he's going to be there?
Speaker 1: He's a very unpredictable man.
Speaker 7: I think that what it does show is there is
Speaker 7: a lot of confidence within the Harris operation right now.
Speaker 7: I think they're trying to get under Trump's skin by
Speaker 7: baiting him into either lashing out or becoming a little bit.
Speaker 1: More unpredictable.
Speaker 7: He's a very prideful man, and so when they challenge
Speaker 7: his confidence, they challenge his ability to compete on these stages.
Speaker 7: It's a very clear attempt to bait him into doing
Speaker 7: and saying things that are not in his electoral benefit,
Speaker 7: and it works to some degree.
Speaker 1: So I think that's really what it's about. It's twofold.
Speaker 7: It's about the confidence, and then it's about trying to
Speaker 7: bait him into doing or saying something that reminds voters
Speaker 7: why his approval ratings are so high in the first place,
Speaker 7: and why they voted him out of office in twenty twenty.
Speaker 3: Rick, there seems to be a conventional wisdom that debates
Speaker 3: advantage Kamala Harris. Should people feel that way?
Speaker 7: Do you agree?
Speaker 5: I don't know. I mean's she's the debates we've seen
Speaker 5: her in, which are not at this high profile level.
Speaker 5: She's imported herself well. But I wouldn't underestimate Donald Trump's
Speaker 5: avili to get under her skin. I think they are
Speaker 5: both very good at being incredibly sarcastic toward one another,
Speaker 5: and I think a little sarcasm in the campaign is
Speaker 5: highly enjoyable. I mean, I think that these things sometimes
Speaker 5: get too too hot and too serious, and the fact
Speaker 5: that they can be playful, and I think, you know,
Speaker 5: Harris has sort of introduced that element to this campaign.
Speaker 5: Her boss, Joe Biden, was not playful and sarcastic, and
Speaker 5: so I think he gave away that weapon to use
Speaker 5: against Donald Trump. But I think you'd have to say
Speaker 5: that the stakes are incredibly high for this presidential debate
Speaker 5: coming up in September, and I don't think you can
Speaker 5: handicap it in any of the way. Like Donald Trump's
Speaker 5: been on this stage doing presidential debates for a long
Speaker 5: time and it does not make him nervous. I mean,
Speaker 5: it makes him crazy sometimes, but it doesn't make him nervous.
Speaker 5: I would be surprised if Kamala Harris takes the stage
Speaker 5: for the first time as a presidential candidate debate and
Speaker 5: isn't you know, got a pretty high level of nervousness.
Speaker 3: Yeah, You've been actually really good describing that, Rick, Because
Speaker 3: so few people will ever be in the room with
Speaker 3: a presidential candidate before they walk out on stage like that.
Speaker 3: This is something that no human being can really prepare
Speaker 3: their nerves for, is it.
Speaker 5: No, this is this is very stressful. There's an enormous
Speaker 5: amount of prep at least I'm sure Harris will Will
Speaker 5: will have a team that will get or prepared for
Speaker 5: this debate. And in doing so, you create expectations, and
Speaker 5: these candidates they want to meet those expectations. They want
Speaker 5: to perform, and like like any kind of athletic endeavor,
Speaker 5: you're going to have butterflies when you go out on
Speaker 5: that stage for the first time. And so the question
Speaker 5: is how quickly can she overcome that hesitancy that's just normal,
Speaker 5: and get into her paces and remember her attack lines
Speaker 5: and be able to perform at a level that frankly,
Speaker 5: you know, regardless of how you feel about the last debate,
Speaker 5: Biden and Trump had a lot of practice before they
Speaker 5: got out there this year.
Speaker 3: Hey, Caitlin, we all saw you on the Colbert rapport
Speaker 3: this week. Yeah, pretty remarkable.
Speaker 2: This is great.
Speaker 3: I bet your parents were thrilled. It was from right
Speaker 3: in this studio when Kaitlyn was with us. The Big Walls,
Speaker 3: Kamala Harris roll out and you were professing your love.
Speaker 3: And I mean that politically of course, for this choice
Speaker 3: of a running mate, and they were kind of doing
Speaker 3: a gag on that. But let me ask you what
Speaker 3: that in mine in our last couple of minutes to debates,
Speaker 3: favor Tim Walls because he's going to be face to face.
Speaker 3: It looks like at with jd Vance, I think so.
Speaker 7: I mean, he apparently, in his betting with Vice President
Speaker 7: Harris told her he's not good at debates. I haven't
Speaker 7: gone back and watched his tapes from when he ran
Speaker 7: for governor, but I think the core advantage that he's
Speaker 7: going to have is that he presents as a super
Speaker 7: normal guy who you know, he spent twenty years dealing
Speaker 7: with teenagers in classrooms. As governor, he's had to actually
Speaker 7: like focus on governing and getting things done, and he
Speaker 7: has a great economic record to tell. I think, you know,
Speaker 7: obviously a lot of the attacks on JD. Vanc Or
Speaker 7: is that he's just kind of a weird guy. He has,
Speaker 7: you know, bopped around from Yale to Silicon Valley, hasn't
Speaker 7: spent a lot of time since his childhood.
Speaker 1: Dealing with normal people in normal circumstances.
Speaker 7: So I think that, you know, not speaking to his
Speaker 7: ability to execute a case of about policy chops, he's
Speaker 7: definitely going to be able to paint a contrast about
Speaker 7: what his vision for living in America is, his vision
Speaker 7: of freedom and keeping the government out of your bedroom,
Speaker 7: keeping the government out of your doctor's office, but also
Speaker 7: building an economy where families can succeed. And so I
Speaker 7: think that, you know, when you look at that debate,
Speaker 7: I think there's a level of security about himself that
Speaker 7: Tim Wallas has that Jdvance may be lacking that I
Speaker 7: think will play in Walls's favor.
Speaker 3: Fascinating stuff. Great panel today, Rick Davis, Caitland, Lagacky, thank
Speaker 3: you so much.
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Speaker 2: on YouTube.
Speaker 8: It's a busy day in politics as well, and that's
Speaker 8: why you're here listening and watching of Power. I'm Kaylee
Speaker 8: Lines alongside Joe Matthew. It's going to be an incredibly
Speaker 8: packed afternoon for the presidential candidates and for current incumbent presidents.
Speaker 8: Is this hour we are awaiting remarks jointly from President
Speaker 8: Biden and Kamala Harris about their administration's effort to lower
Speaker 8: costs for the American people. And then later on this afternoon,
Speaker 8: we will be hearing from the Republican nominee, Donald Trump
Speaker 8: will be holding yet another news conference for the second
Speaker 8: week in a row, this one not from mar A Lago,
Speaker 8: but from Bedminster, New Jersey. And then of course the
Speaker 8: weekends Friday with an economic address from Kamala Harris in
Speaker 8: North Carolina.
Speaker 3: Yeah, we've got a lot to do before we even
Speaker 3: get to Chicago. That last news conference from Donald Trump
Speaker 3: did involve questions from reporters, which is the point of
Speaker 3: a news conference. It also went on for a very
Speaker 3: long time and seemed to lose direction, kind of like
Speaker 3: his economic address did yesterday as we got into Hannibal
Speaker 3: Lecter and all of the other things. We do know, however,
Speaker 3: that Joe Biden and Kamala Harris will be talking about
Speaker 3: their efforts to lower prices together a lot of since
Speaker 3: Kayley about whether she can find some sunlight between herself
Speaker 3: and the president tomorrow, and that's a real balancing act,
Speaker 3: knowing that this has been a major political problem for.
Speaker 8: Him, especially when she will be with him in Maryland today,
Speaker 8: having to seem still supportive of the man who technically
Speaker 8: is her boss. She serves at the pleasure of this president,
Speaker 8: but she will also perhaps try to differentiate herself from
Speaker 8: him one day later.
Speaker 3: That's the idea covering the pivot for us. Helping our coverage,
Speaker 3: of course, is Laura Davison, Bloomberg Politics Editor, with us
Speaker 3: here at the table today in Washington. Laura, this is
Speaker 3: quite a high wire act, we could say, for Kamala Harris.
Speaker 3: She appears with Joe Biden today within hours essentially tomorrow
Speaker 3: in North Carolina. She's trying to slice the two apart
Speaker 3: a little bit when it comes to the economy.
Speaker 9: Right, and what she needs to do, and this remains
Speaker 9: to be seen if she can do it, is you know,
Speaker 9: take all the good stuff from Biden, from his legacy
Speaker 9: of you know, the prescription drugs, which is what they're
Speaker 9: going to be talking about today. That's been a very
Speaker 9: popular piece of his legist the work he's done on
Speaker 9: infrastructure investments and chips, you know, tie herself to those things,
Speaker 9: but be able to separate herself from his record on
Speaker 9: inflation and some of the other things that have been
Speaker 9: a lot less popular. And you know, just looking at
Speaker 9: the polling, voters give Biden very low marks for economic issues,
Speaker 9: and even compared to Trump, Harris is not polling as
Speaker 9: well on the economy.
Speaker 10: Well.
Speaker 8: And when we heard Trump giving what was dubbed to
Speaker 8: be an economic address in Asheville, North Carolina, yesterday, he
Speaker 8: did go after the Biden Harris administration on inflation, talking
Speaker 8: about how high prices for various goods have gone during
Speaker 8: the three and a half years of it. What he
Speaker 8: didn't do, other than kind of saying Bill drill, baby drill,
Speaker 8: and we're going to deregulate. Was give an explicit policy
Speaker 8: proposal to get prices down? Are we actually going to
Speaker 8: get that from Harris tomorrow?
Speaker 9: It's possible we'll get a little bit of detail, but
Speaker 9: I'm sure nowhere near the level of detail that Bloomberg
Speaker 9: readers and listeners would want on this. I've already been
Speaker 9: getting lots of questions from folks, and you know, I
Speaker 9: was setting expectations that this is going to be, you know,
Speaker 9: campaigning in pros or campaigning in poetry rather than you know,
Speaker 9: the detailed policy list that people want. It is noteworthy, however,
Speaker 9: that she started to dot out some of these policy proposals.
Speaker 9: We saw last night, a proposal on food and grocery
Speaker 9: price gouging. She's already talked about no taxes on tips,
Speaker 9: another proposal that sounds familiar for those who've been listening
Speaker 9: to Trump speeches. So we're starting to see little details,
Speaker 9: but it behooves her to be specific on narrow issues
Speaker 9: that are popular versus giving you know, a big, three
Speaker 9: hundred page economic policy report where there's lots of stuff
Speaker 9: that people could find to criticize.
Speaker 3: Well, she'll have for a chance I guess in some
Speaker 3: upcoming debates. One of the things I think you were
Speaker 3: working on before you joined us was this breaking news
Speaker 3: in the last hour. At least according to the Harris campaign,
Speaker 3: there will be two presidential debates, not just September tenth,
Speaker 3: but one in October, and we now know there'll be
Speaker 3: a vice presidential debate on October first. How important will
Speaker 3: these be in determining the outcome of this election.
Speaker 9: Well, if we've learned anything from twenty twenty four, it
Speaker 9: is that debates can definitely to register. Yes, So you know,
Speaker 9: this is really important because one of these, the September
Speaker 9: tenth debate, that first one will be before most voters
Speaker 9: start voting, but that October one, depending when that is,
Speaker 9: that's going to be right in the thick of when
Speaker 9: people are early voting. And this could have, potentially, depending
Speaker 9: how this goes sway, voters, different issues could come up.
Speaker 9: They could be challenged on, you know, if there is
Speaker 9: say a flare up on foreign policy or something. This
Speaker 9: is a chance for voters to get a sense on
Speaker 9: some of the issues that candidates may want to shy
Speaker 9: away from.
Speaker 4: On the campaign trail.
Speaker 8: Well, and it will be certainly a guarantee that Kamala
Speaker 8: Harris will be answering questions at least from the moderators,
Speaker 8: which we haven't really seen her do much of. This
Speaker 8: is a point that the Trump campaign has been making frequently,
Speaker 8: and perhaps that's also why we're going to see Donald
Speaker 8: Trump theoretically asking some questions at another press conference, the
Speaker 8: second in as many weeks. Laura's He's just going to
Speaker 8: keep this up until Harris starts doing her own or
Speaker 8: do we know what the strategy is here?
Speaker 9: Well, part of the strategy is, you know that Trump
Speaker 9: this is a line he wants to use in the attack,
Speaker 9: is that Harris is not speaking directly to the media.
Speaker 9: That's you know that she's sort of avoiding them and
Speaker 9: just going on these scripted appearances. But also this is
Speaker 9: self serving in a way that this helps him pull
Speaker 9: the spotlight back on himself without having to do, you know,
Speaker 9: some of the harder, more in the weeds work of campaigning.
Speaker 9: He has been very frustrated by the media attention that
Speaker 9: Harris has gotten over recent weeks. So if you can
Speaker 9: you call a press conference at your golf club, why
Speaker 9: not have press come and spend an hour talking with
Speaker 9: them and you know, at least get some of your
Speaker 9: talking points out there. It's unclear how much these are
Speaker 9: actually helping him. You know, he arguably you know, going
Speaker 9: off script on some of these things, his comments of
Speaker 9: the NABJ you know, we're not helpful for his campaign.
Speaker 8: All right, So we'll see how this goes this afternoon.
Speaker 8: Lara Davison, Bloomberg Politics Editor, thank you so much. And
Speaker 8: before we get to Bedminster, New Jersey, in that press conference,
Speaker 8: of course, first we will see Joe Biden and Harris together,
Speaker 8: as we've mentioned in Maryland. And what's interesting is this
Speaker 8: is kind of part campaign for Harris, but also part
Speaker 8: define the legacy for Joe Biden. He tries to protect
Speaker 8: how he will be viewed in history as the forty
Speaker 8: six president of the United Sts, and we know that
Speaker 8: something else. He wants to have his legacy marked by
Speaker 8: Joe and he said as much in his Oval Office
Speaker 8: address after he left the race. His peace in the
Speaker 8: Middle East and a ceasefire deal between Israel and Gaza.
Speaker 8: Those efforts are underway today.
Speaker 3: Well, that's true. This is a time to get to
Speaker 3: the table here. We've been looking forward to this for
Speaker 3: some time. Kayley and cutter, and it's happening at once
Speaker 3: as Israel waits for this potential retaliatory strike by Iran.
Speaker 3: There's some news as well on the war against Hamas here,
Speaker 3: as American officials reportedly tell Israel now that they can
Speaker 3: make no further progress in the battle against Hamas without
Speaker 3: further jeopardizing civilian life. We still have hostages involved here
Speaker 3: in so many questions that we are pursuing at this
Speaker 3: very delicate moment. Kaylei, we don't even know if Hamas
Speaker 3: is at the table here.
Speaker 8: Correct, Yeah, they aren't at the table in dohats negotiators,
Speaker 8: those mediators will be bringing the message back to Jaha
Speaker 8: Sinwar and the other leadership. So it's on this note
Speaker 8: we turn now to Hagar Shamali. She of course is
Speaker 8: formerly of the National Security Council. Now she's founder and
Speaker 8: CEO of Greenwich Media Strategies. Welcome back to Balance of
Speaker 8: Power on Bloomberg TV and Radio. Hagar, if we could
Speaker 8: first just begin with the talks that are happening in Doha,
Speaker 8: given Hamas is not there at the table and they're
Speaker 8: still rehashing trying to reach a deal based on an
Speaker 8: outline that was announced by President Biden back in May.
Speaker 8: That was months ago, and the parties didn't agree to it.
Speaker 8: Then do you really believe that they'll be agreeing to
Speaker 8: it now?
Speaker 11: Well, there's a lot of hope. I mean, that's the
Speaker 11: White House has expressed a lot of hope. They feel
Speaker 11: that they're coming close to an end.
Speaker 1: Now.
Speaker 10: I know I've said that.
Speaker 11: A few times over the last two months, but it
Speaker 11: is normal in these types of negotiations for them to
Speaker 11: be very touch and go. The thing that you've had
Speaker 11: now is just to explain, is that so they've agreed
Speaker 11: on this outline, this general outline that Present Biden put
Speaker 11: forward at the end of May, as you noted, and
Speaker 11: that outline they remain in agreement in agreement on. But
Speaker 11: the way it works from there is that they have
Speaker 11: to agree on every single little detail, and those.
Speaker 10: Details are what what are?
Speaker 11: Not only are they getting hung up on those details,
Speaker 11: but as time wears on, each side comes with new demands.
Speaker 10: So time is not really on their side on this one.
Speaker 11: Except this time there is a lingering aspect in the background,
Speaker 11: and that's this this potential assault attack that that that
Speaker 11: that we're all waiting for coming from Iran and Hazbella,
Speaker 11: and a deal on this ceasefire could actually thwart that
Speaker 11: attack and put it entirely to the side, which would
Speaker 11: be you know, really I mean huge and and really
Speaker 11: kind of win win all around. But that said, the
Speaker 11: details of such and I can go into a few
Speaker 11: of them. For example, they're they're arguing on the phases
Speaker 11: of hostages who should be released and and you know,
Speaker 11: first would be women and and and remaining children and
Speaker 11: then and then men and soldiers and and so they're
Speaker 11: arguing over those phases that is Israel doesn't like the
Speaker 11: phases that Hamas is putting forward on that Israel wants
Speaker 11: to have a military presence along the border between Gaza
Speaker 11: and Egypt, and Hamas is now against that. So there
Speaker 11: are things like that Israel wants to set up checkpoints
Speaker 11: inside Gaza to check on people to weed out militants.
Speaker 10: Hamas doesn't like that.
Speaker 11: So there are these details that things of this kind
Speaker 11: that aren't in that broader outline that they're trying to
Speaker 11: figure out now. And by the way, that's the similar process,
Speaker 11: whether it's a ceasefire or a peace negotiation, and so
Speaker 11: it's very common. But unfortunately you're talking about two sides
Speaker 11: who have deep, deep, deep distrust on both ends. And
Speaker 11: Israel's goal at the end of the day is not
Speaker 11: the same as the merrick As the United States's goal.
Speaker 11: Their goal ultimately is to defeat Hamas completely, and I
Speaker 11: think that they feel that that's not there yet, and
Speaker 11: Hamas knows that. So they're afraid that even after a ceasefire,
Speaker 11: is Oh would resume some kind of violence.
Speaker 10: And so that's also in the background here.
Speaker 3: Regard there's a belief that the release of the hostages.
Speaker 3: Still more than one hundred living and dead hostages held
Speaker 3: in Gaza cannot be secured militarily.
Speaker 10: Do you believe that, oh, I do believe that.
Speaker 11: I mean after October seven, when when so many hostages
Speaker 11: were taken in, knowing how brutal Hamas is and the
Speaker 11: conditions in Gaza, and I knew that the response from
Speaker 11: Israel was going to be severe and that the conditions
Speaker 11: would then worsen in Gaza. I always thought that that
Speaker 11: their lives were really pretty much the lives of the
Speaker 11: hostages were hanging by thread. But I think that's especially
Speaker 11: especially more evident now. And proof of that is the
Speaker 11: fact that now you have Gaza's entire population, almost the
Speaker 11: entire population of two point two two point three million
Speaker 11: people have been displaced and have to have had to
Speaker 11: continue to move many times, and so you have hostages
Speaker 11: in the mix of that, you always have water and
Speaker 11: food issues and medicine issues. And I believe the Israeli
Speaker 11: government came out saying that it's believed that only half
Speaker 11: or a third of those of those hostages, is about
Speaker 11: one hundred and fifteen left, are still alive. And so
Speaker 11: that's why you have increasing pressure inside Israel. You have
Speaker 11: had protests today knowing that these talks are taking place
Speaker 11: in Doha. The families of the hostages are protesting saying
Speaker 11: that they don't want the negotiators to return without a deal,
Speaker 11: And of course they've said that before, but they really
Speaker 11: mean it this time because they know that time is
Speaker 11: of the essence for these hostages. But the US, what
Speaker 11: they're trying to convey is, hey, Israel, you have defeated
Speaker 11: Hamas significantly to the point where we don't believe they
Speaker 11: could actually pose a significant threat to you or govern Gaza,
Speaker 11: and therefore it's time to get the hostages back. And
Speaker 11: if you want to focus on continuing to undermine hamas
Speaker 11: it has to be with these very specific targeted operations
Speaker 11: that kill leaders, as you saw in Iran and in Lebanon.
Speaker 10: And that is, by the way, where I think the
Speaker 10: war is headed anyway.
Speaker 11: So that's what the US is trying to convey is
Speaker 11: you know, listen, you're not going to find any more
Speaker 11: opportunities to bomb your way out of this, and you're
Speaker 11: only going to find yourself endangering way too many civilians.
Speaker 10: It's time to move on.
Speaker 11: It's released the hostages and move to the next phase
Speaker 11: of this.
Speaker 8: Well, as you allude to the assassinations, the strikes against
Speaker 8: these leaders in Beirut and Tran, we are still waiting
Speaker 8: the response from Hesbela or Iran or are both on
Speaker 8: that front? Hagar, What is your expectation. The longer we wait,
Speaker 8: does it indicate the strike against Israel the retaliation is
Speaker 8: only going to be more severe? Does it suggest one
Speaker 8: might not be coming at all?
Speaker 11: The longer we wait, the more it implies that they
Speaker 11: are waiting to see what happens with the ceasefire talks,
Speaker 11: because Iran has something to gain out of these ceasefire
Speaker 11: talks as well.
Speaker 10: You know, we have to.
Speaker 11: Remember that you have now a huge presence US military
Speaker 11: presence in the region, and even that's been doubled down
Speaker 11: by the US Defense Department. Right another submarine was sent in,
Speaker 11: another carrier was sent in. We have US presents all
Speaker 11: across the region, and Iran and Hasbella, No, they don't.
Speaker 11: They want to respond that they don't want to enter
Speaker 11: a war into any kind of engagement with the United States,
Speaker 11: and they've made that very clear. They want it seems
Speaker 11: a repeat of April where you had three hundred drones
Speaker 11: and missiles launched by Iran. All of them were successfully
Speaker 11: intercepted except one or two, and Israel responded, but then
Speaker 11: every side retreated, and that's kind of my expectation for
Speaker 11: the next assault. But now now that we've gone this far,
Speaker 11: they've waited this long and we have these ceasefire talks,
Speaker 11: my expectation is they're definitely holding on until they see
Speaker 11: how those cease fire talks happen. And we'll know more
Speaker 11: at the end of the weekend, because it's really today
Speaker 11: and Friday that are the peak of these talks, apparently
Speaker 11: according to White House at least, and then if those
Speaker 11: talks fault, then I would expect this assault that we've all.
Speaker 10: Been waiting for to actually happen.
Speaker 11: But if there's some glimmer of light, then a glimmer
Speaker 11: of hope, I would expect them to retreat a little bit,
Speaker 11: because at the end of.
Speaker 10: The day, any engagement with the United States, anything that.
Speaker 11: Undermines that ran in regime in general at a time
Speaker 11: where their own people are against the regime, it threatens
Speaker 11: their power, it threatens their existence altogether, and.
Speaker 10: So then they're aware of that. So that's what I expect.
Speaker 11: We're not going to see anything until these ceasefire talks
Speaker 11: are over at least we know what direction they're taking.
Speaker 3: Are we only have a minute left. I don't want
Speaker 3: to have to cut you off here, so just fair warning.
Speaker 3: I'm wondering what you are hearing about pro Palestinian protesters,
Speaker 3: if anything, disrupting the DNC next week in Chicago.
Speaker 11: I am hearing actually that they are planning on on
Speaker 11: on disrupting the DNC.
Speaker 10: They tried, I believe last night.
Speaker 11: The Vice president was at a fundraising event in the
Speaker 11: city and they tried to.
Speaker 10: It became violent. They threw they tried.
Speaker 11: To break into the restaurant, they tried to They ended
Speaker 11: up throwing things at the police and and smoke canisters
Speaker 11: and getting very violent. And I expect them to try again,
Speaker 11: and I expect the Vice President to put them in
Speaker 11: their place once again. This is not anybody. I do
Speaker 11: a lot of work in human rights, a lot of
Speaker 11: work with activists on teaching them how to protest effectively, and.
Speaker 10: That is not the way.
Speaker 3: Well, let's stay in touch on that. This is going
Speaker 3: to be interesting as we head for Chicago next week.
Speaker 3: A Garshamali always a pleasure to spend time Greenwich Media Strategies,
Speaker 3: former National Security Council on Syria, and Levin on with us.
Speaker 2: Here you're listening to the Bloomberg Balance of Power podcast
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Speaker 3: Welcome to the Thursday edition of Ballast and Power here
Speaker 3: on Bloomberg TV and Radio. As we count down to
Speaker 3: the first appearance Joe Biden Kamala Harris together on the
Speaker 3: same stage. Since the President of the United States dropped
Speaker 3: out of the race, they're together today at Prince George's
Speaker 3: County Community College. This is in Maryland, just outside of
Speaker 3: the nation's capital. If you're with us on Bloomberg TV
Speaker 3: or YouTube, you see the stage that has been set
Speaker 3: lowering prescription drug costs, the language on the signage, the
Speaker 3: backdrops on this stage. They just put the presidential seal
Speaker 3: in place. Kaylee wes Moore, the Governor of Maryland, helped
Speaker 3: to get the crowd wound up before these two emerge.
Speaker 8: Yeah, of course, it will be fascinating to see the
Speaker 8: current president and one who was seeking to be president
Speaker 8: after him joining the state age together as this may
Speaker 8: be in part legacy defining for Joe Biden, but also
Speaker 8: an attempt to campaign for the vice president here. And
Speaker 8: it's worth noting that after today in Maryland, Harris will
Speaker 8: be in North Carolina tomorrow giving a speech on economic policy.
Speaker 8: What she would like to pursue and the question we've
Speaker 8: been asking is to what extent will she try to
Speaker 8: distance herself from the policies of President Biden. Biden was
Speaker 8: asked that question on his way to this auditorium earlier today.
Speaker 8: He said, she's not going to.
Speaker 3: Well, we're going to find out about that, because she
Speaker 3: does plan to propose legislation that would ban price gouging
Speaker 3: in the food business, one of the things at least
Speaker 3: we know she'll be outlining. But still a lot of questions, Kayley,
Speaker 3: about what that speech might bring in frankly, what we're
Speaker 3: going to hear today.
Speaker 8: So let's get into it now with Matt Bennett from
Speaker 8: Third Way where he is executive vice president for Public Affairs,
Speaker 8: as we await the emergence of the Vice president and
Speaker 8: president on that stage together in Maryland. So, Matt, how
Speaker 8: hard is this line going to be to walk for
Speaker 8: Vice President Harris as she, on the one hand, tries
Speaker 8: to applaud the efforts of this administration that she's been
Speaker 8: a part of, but knowing the negatives that it can
Speaker 8: also come with, that may try to create some degree
Speaker 8: of separation.
Speaker 12: Yeah, it's really tricky, and I think there's a distinction
Speaker 12: to be drawn between putting distance between herself and Biden
Speaker 12: on the things that they have done or we're planning
Speaker 12: to do, and proposals that she would like to enact
Speaker 12: going forward. Those are different things. I don't think you're
Speaker 12: going to see too much distance putting I think that
Speaker 12: she will inevitably need to run on the record that
Speaker 12: they created together, some of which is difficult for her
Speaker 12: because of the inflation, but some of which is very,
Speaker 12: very positive. They did a lot of really important and
Speaker 12: big economic things. Inflations coming down, jobs are booming, manufacturing's
Speaker 12: coming back, the stock market's booming. So there's a lot
Speaker 12: of good things for her to run on. But she's
Speaker 12: got a articulate a vision for the future as well.
Speaker 3: We're going to be hearing, of course, from the administration
Speaker 3: as a whole here the Biden Harris campaign. In the
Speaker 3: next couple of moments, Matt, they're going to talk about
Speaker 3: medicare expected to save six billion dollars. You can see
Speaker 3: if you're with us on YouTube or Bloomberg TV. The
Speaker 3: signage in the room focused on this the first round
Speaker 3: of price negotiations on ten widely used drugs. This is
Speaker 3: a pretty bipartisan message. Who's the audience. Is this aimed
Speaker 3: at senior voters or is it about.
Speaker 2: More than that.
Speaker 12: It's definitely aimed at seniors and the people who love them.
Speaker 12: Prescription drugs are a huge part of the budget, the
Speaker 12: household budget for many seniors, and this is a big deal.
Speaker 12: It's billions of dollars, not only in savings for the
Speaker 12: federal government, but also in savings for people. And it's
Speaker 12: long time coming. As you say, it was a bipartisan
Speaker 12: effort in Congress to allow Medicare to begin to bargain
Speaker 12: with pharmaceutical companies which they were barred from doing for
Speaker 12: a really long time that kept prices artificially high. So
Speaker 12: I think this is very important for them politically.
Speaker 8: And subsequently, Matt, as we await these remarks, we've gotten
Speaker 8: some new polling data today. This is from Pew Research
Speaker 8: that does show that Harris is leading, although it's very close.
Speaker 8: We're basically talking a tie here, forty six Harris, forty
Speaker 8: five Trump with registered voters nationally, another seven percent for
Speaker 8: Robert F. Kennedy Junior. But the demographic information was really interesting.
Speaker 8: Seventy seven percent of Black voters said they support orler
Speaker 8: leaning toward Harris, compared to sixty four percent who said
Speaker 8: the same about Biden in the last survey. Hispanic voters
Speaker 8: also favor Harris over Trump by a seventeen point margin.
Speaker 8: Especially when we consider the difference in the way these
Speaker 8: demographics are viewing Harris compared to Biden. Is that really
Speaker 8: truly at the end of the day. In economic story as.
Speaker 12: Well, I think it is both economic but also broader.
Speaker 12: You know, people pick their presidents differently than they pick
Speaker 12: other elected officials and mayors and senators. They don't look
Speaker 12: at a list of achievements. They don't look at a
Speaker 12: list of policy proposals and match them up, well, I
Speaker 12: like this person on abortion and this person on the economy.
Speaker 12: They make it in a much more holistic way, because
Speaker 12: presidents live in people's lives in ways that other politicians
Speaker 12: do not, and so I think they a lot of
Speaker 12: this is simply that they like the energy that they
Speaker 12: get from Harris and Walls, not just the youthfulness, but
Speaker 12: the kind of positivity. And I think they were not
Speaker 12: loving what they were seeing from the president in that regard,
Speaker 12: and so I think that's a big part of the difference.
Speaker 12: I don't think that a major policy shift is what
Speaker 12: is pushing these poll numbers so dramatically in her direction.
Speaker 3: We're seeing images now of Judith Judy Aiken, a retired
Speaker 3: nurse who's going to be introducing Kamala Harris will speak
Speaker 3: before President Biden. Based on what we understand here in
Speaker 3: the run of show. Oh, Matt, this is quite a
Speaker 3: moment for Joe Biden as we wait for them to
Speaker 3: take the stage. Here, what's going through his mind because
Speaker 3: as of this moment, now it's not about him anymore.
Speaker 12: Yeah, I mean, this is kind of the last val moment,
Speaker 12: where it is the person who speaks last is most
Speaker 12: important in politics, and today it'll be him, but next
Speaker 12: week it'll be her. You know, he's speaking Monday and
Speaker 12: she's speaking Thursday as the nominee of our party, and
Speaker 12: that's a big deal. And I can only imagine how
Speaker 12: difficult this is for him, given the way that this
Speaker 12: all came about. However, I think what we will hear
Speaker 12: on Monday, especially, is a real summation and valedictory set
Speaker 12: of remarks from him about the things that he and
Speaker 12: she were able to achieve in just four years, with
Speaker 12: very narrow margins in Congress and against some very tall odds.
Speaker 12: I mean, they took over with the pandemic still raging,
Speaker 12: with people dying, with the unemployment.
Speaker 10: Great.
Speaker 12: Hi, So that's right, A good yot.
Speaker 3: Thanks for listening to the Balance of Power podcast. Make
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