1 00:00:00,880 --> 00:00:04,360 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us 2 00:00:04,400 --> 00:00:07,560 Speaker 1: live weekdays at one Eastern on Bloomberg dot com, the 3 00:00:07,640 --> 00:00:10,400 Speaker 1: iHeartRadio app, and the Bloomberg Business app, or. 4 00:00:10,360 --> 00:00:12,800 Speaker 2: Listen on demand wherever you get your podcasts. 5 00:00:13,960 --> 00:00:16,560 Speaker 3: I'm Joe Matthew in Washington. The field of candidates running 6 00:00:16,560 --> 00:00:20,000 Speaker 3: for the Republican nomination just got bigger, with Mike Pence, 7 00:00:20,120 --> 00:00:24,000 Speaker 3: Chris Christi, and Doug Bergham, the governor of North Dakota 8 00:00:24,400 --> 00:00:27,360 Speaker 3: all making their campaigns official. Now, pens and Burgham out 9 00:00:27,400 --> 00:00:29,440 Speaker 3: with slick produced ads. We're going to dig into them 10 00:00:29,440 --> 00:00:31,480 Speaker 3: a little bit later on this hour. And Chris Christi, 11 00:00:31,920 --> 00:00:34,280 Speaker 3: of course, the former governor of New Jersey and former 12 00:00:34,320 --> 00:00:37,720 Speaker 3: ally of Donald Trump, choosing to make his announcement in 13 00:00:37,800 --> 00:00:39,480 Speaker 3: a town hall in Manchester. 14 00:00:39,600 --> 00:00:43,520 Speaker 4: So I'll say to you tonight that I can't guarantee 15 00:00:43,520 --> 00:00:48,320 Speaker 4: you success in what I'm about to do, but I 16 00:00:48,360 --> 00:00:52,400 Speaker 4: guarantee you that at the end of it, you will 17 00:00:52,440 --> 00:00:56,240 Speaker 4: have no doubt in your mind who I am and 18 00:00:56,320 --> 00:01:00,520 Speaker 4: what I stand for, and whether I deserve it. So 19 00:01:00,680 --> 00:01:04,560 Speaker 4: that's why I came back to Saint Anselm's and that's 20 00:01:04,600 --> 00:01:07,319 Speaker 4: why I came back to Manchester and that's why I 21 00:01:07,360 --> 00:01:09,880 Speaker 4: came back to New Hampshire to tell all of you 22 00:01:10,360 --> 00:01:13,360 Speaker 4: that I intend to seek the Republican nomination for President 23 00:01:13,360 --> 00:01:15,560 Speaker 4: of the United States in twenty twenty four and I 24 00:01:15,560 --> 00:01:17,640 Speaker 4: want your support, all right now. 25 00:01:17,680 --> 00:01:21,040 Speaker 3: He spent some time taking questions, and this was you know, 26 00:01:21,280 --> 00:01:24,240 Speaker 3: you've heard him refer to as the Kamikaze candidate, because 27 00:01:24,280 --> 00:01:27,120 Speaker 3: he's seen as the one candidate who can bring it 28 00:01:27,200 --> 00:01:30,160 Speaker 3: to Trump on a debate stage, punch him in the 29 00:01:30,200 --> 00:01:33,679 Speaker 3: nose rhetorically, and he came backing it. 30 00:01:33,600 --> 00:01:37,440 Speaker 4: Was a mistake in twenty sixteen not to confront Donald 31 00:01:37,480 --> 00:01:40,640 Speaker 4: Trump early because I knew that so much of what 32 00:01:40,680 --> 00:01:44,479 Speaker 4: he said was complete boloney. Like I knew it. I'm 33 00:01:44,480 --> 00:01:47,840 Speaker 4: going to build the greatest, most wonderful wall across the 34 00:01:47,960 --> 00:01:51,800 Speaker 4: entire Mexico border, and Mexico is going to pay for it. Well, 35 00:01:52,400 --> 00:01:56,040 Speaker 4: like I knew as someone who had governed that that 36 00:01:56,240 --> 00:02:00,559 Speaker 4: was complete bull But I was like, Eh, people aren't 37 00:02:00,560 --> 00:02:08,040 Speaker 4: gonna believe that. They're not gonna believe that mistake. But 38 00:02:08,160 --> 00:02:09,960 Speaker 4: guess what, You've got no excuse. 39 00:02:10,040 --> 00:02:10,239 Speaker 1: Now. 40 00:02:11,680 --> 00:02:13,720 Speaker 4: He was there for four years, two of them with 41 00:02:13,800 --> 00:02:16,519 Speaker 4: the Republican Congress. He got a quarter of the wall built, 42 00:02:16,639 --> 00:02:20,040 Speaker 4: and Mexico hasn't given us our first pay, so we paid. 43 00:02:19,760 --> 00:02:20,320 Speaker 5: For all of it. 44 00:02:20,600 --> 00:02:22,480 Speaker 3: So there's a little bit of a preview of what 45 00:02:22,520 --> 00:02:24,720 Speaker 3: that first debate might sound like. He spent time, he 46 00:02:24,800 --> 00:02:27,080 Speaker 3: was up there for quite a bit. He blamed Donald 47 00:02:27,120 --> 00:02:29,560 Speaker 3: Trump for problems at the border. Here's Chris Christy again. 48 00:02:29,600 --> 00:02:33,560 Speaker 4: When you watch illegal immigration pouring over our southern border, 49 00:02:34,000 --> 00:02:38,200 Speaker 4: don't wonder whose fault it is. It's his. It's his 50 00:02:38,320 --> 00:02:41,840 Speaker 4: fault because he never changed one immigration law in the 51 00:02:41,880 --> 00:02:44,440 Speaker 4: two years that he had Republican control of the Congress. 52 00:02:44,600 --> 00:02:47,320 Speaker 4: Not one immigration law did he change. He didn't build 53 00:02:47,320 --> 00:02:49,720 Speaker 4: the law like he told us too. And Mexico is 54 00:02:49,840 --> 00:02:51,960 Speaker 4: laughing at us at the idea that they were going 55 00:02:52,000 --> 00:02:53,480 Speaker 4: to pay for a wall on their border. 56 00:02:53,520 --> 00:02:57,720 Speaker 3: Okay, think about how that's going to resonate in Mago world. 57 00:02:58,800 --> 00:03:02,520 Speaker 3: The border is such a sensitive issue, certainly on the 58 00:03:02,520 --> 00:03:04,919 Speaker 3: Republican side of the aisle, and certainly for Donald Trump. 59 00:03:05,000 --> 00:03:06,840 Speaker 3: Think of all the photo ops in front of the wall. 60 00:03:07,120 --> 00:03:10,040 Speaker 3: Now we go further here, following this debt ceiling debate 61 00:03:10,080 --> 00:03:13,400 Speaker 3: and all the back and forth about debt, Chris Christy 62 00:03:13,520 --> 00:03:17,320 Speaker 3: pointing to Donald Trump as one of the major causes. 63 00:03:17,360 --> 00:03:19,440 Speaker 4: The reason this is going to be different this time, sir, 64 00:03:19,880 --> 00:03:23,440 Speaker 4: is because at least one of us is gonna call 65 00:03:23,560 --> 00:03:26,560 Speaker 4: him on the fact that eight years ago he stood 66 00:03:26,600 --> 00:03:28,480 Speaker 4: on the station New Hampshire and said he was going 67 00:03:28,520 --> 00:03:31,919 Speaker 4: to balance the budget in four years, and he left 68 00:03:32,880 --> 00:03:36,680 Speaker 4: with the biggest deficit of any president in American history. 69 00:03:37,360 --> 00:03:42,280 Speaker 4: He said he was going to eliminate the national debt 70 00:03:42,800 --> 00:03:48,520 Speaker 4: in eight years. He added three trillion dollars to the 71 00:03:48,600 --> 00:03:50,160 Speaker 4: national debt in four years. 72 00:03:50,200 --> 00:03:53,040 Speaker 3: All right, there's your next leg in the argument. Here, 73 00:03:54,000 --> 00:03:56,720 Speaker 3: as he's talking to a fairly attentive crowd, relatively small 74 00:03:56,800 --> 00:04:00,160 Speaker 3: room Saint Anselm College in Manchester, then we get to 75 00:04:00,200 --> 00:04:01,600 Speaker 3: the big stuff. The grift. 76 00:04:01,880 --> 00:04:08,160 Speaker 4: The grift from this family is breathtaking. It's breathtaking. Jared 77 00:04:08,240 --> 00:04:11,720 Speaker 4: Kushner and Avanka Kushner walk out of the White House 78 00:04:12,040 --> 00:04:15,360 Speaker 4: and months later get two billion dollars from the Saudis. 79 00:04:16,800 --> 00:04:20,200 Speaker 4: Two billion dollars from the Saudis. Do you think it's 80 00:04:20,200 --> 00:04:23,160 Speaker 4: because he's some kind of investing genius or do you 81 00:04:23,240 --> 00:04:25,000 Speaker 4: think it's because he was sitting next to the President 82 00:04:25,040 --> 00:04:27,200 Speaker 4: of the United States for four years to it favors 83 00:04:27,240 --> 00:04:31,400 Speaker 4: for the Saudis that's your money. That's your money he 84 00:04:31,480 --> 00:04:35,280 Speaker 4: stole and gave it to his family. Know what that 85 00:04:35,320 --> 00:04:36,720 Speaker 4: makes us a banana. 86 00:04:36,400 --> 00:04:40,080 Speaker 3: Republic, a banana republic. You wonder how much time he 87 00:04:40,160 --> 00:04:41,719 Speaker 3: spent working on all of this. This is why I 88 00:04:41,720 --> 00:04:44,120 Speaker 3: want to talk to our panel in a moment. Never 89 00:04:44,160 --> 00:04:48,479 Speaker 3: mind Andrew Smith. And so then we fast forward to 90 00:04:49,120 --> 00:04:54,000 Speaker 3: the ads. I still haven't seen one from Chris Christi here, 91 00:04:54,000 --> 00:04:58,440 Speaker 3: but some very slick, clearly well produced ads put together 92 00:04:58,480 --> 00:05:03,880 Speaker 3: here by Mike Pence and the Governor of North Dakota. 93 00:05:03,920 --> 00:05:07,200 Speaker 3: We'll start with the former Vice president. I think city 94 00:05:07,240 --> 00:05:07,880 Speaker 3: on a hill. 95 00:05:10,120 --> 00:05:15,960 Speaker 6: The land of opportunity, beacon of democracy, the shining city 96 00:05:16,000 --> 00:05:16,440 Speaker 6: on the hill. 97 00:05:16,520 --> 00:05:19,240 Speaker 3: Ah, he said it, land of the free, home of 98 00:05:19,279 --> 00:05:19,679 Speaker 3: the brave. 99 00:05:20,080 --> 00:05:22,480 Speaker 6: That's right, the United States of America. 100 00:05:22,560 --> 00:05:24,600 Speaker 3: So this is the optimistic part of the ad. It's 101 00:05:24,600 --> 00:05:26,800 Speaker 3: about once about two and a half miss an Irish immigrants. 102 00:05:27,160 --> 00:05:29,880 Speaker 6: Those aren't just words, A little bit of biographical of 103 00:05:29,960 --> 00:05:35,120 Speaker 6: the American dream, American dream, and then the big butt. 104 00:05:35,800 --> 00:05:38,360 Speaker 6: But today our country's in a lot of trouble. 105 00:05:39,000 --> 00:05:40,919 Speaker 3: We turned into a minor key. The radical left have 106 00:05:41,000 --> 00:05:43,800 Speaker 3: weakened America at home and now images of Joe Biden 107 00:05:43,839 --> 00:05:44,640 Speaker 3: Kamala Harri. 108 00:05:44,600 --> 00:05:46,680 Speaker 6: Being crushed under runaway inflation. 109 00:05:46,320 --> 00:05:49,279 Speaker 3: Images dropping the stock market and the border. 110 00:05:49,800 --> 00:05:52,760 Speaker 6: Our southern border is under siege and the enemies of 111 00:05:52,760 --> 00:05:53,760 Speaker 6: freedom are on the march. 112 00:05:53,880 --> 00:05:57,440 Speaker 3: Now a very different candidate in doug berghen but a 113 00:05:57,640 --> 00:06:01,320 Speaker 3: very similar approach here when it comes to the ads. 114 00:06:02,480 --> 00:06:05,960 Speaker 3: So a headlined somewhere earlier and turned to Hollywood. 115 00:06:05,480 --> 00:06:05,839 Speaker 1: For the ad. 116 00:06:05,839 --> 00:06:08,320 Speaker 3: I think it was USA today. It's very well done. 117 00:06:07,680 --> 00:06:18,800 Speaker 3: Another city on a hill, so good already. My dad 118 00:06:18,839 --> 00:06:22,440 Speaker 3: died when I was fourteen. Interesting choice entrepreneur of high school. 119 00:06:22,600 --> 00:06:23,800 Speaker 3: First line if they pulled me. 120 00:06:23,760 --> 00:06:26,480 Speaker 6: Off our basketball team bus and told me the news. 121 00:06:26,480 --> 00:06:28,520 Speaker 3: Looks like a trailer for dances with wolves at this 122 00:06:28,560 --> 00:06:30,320 Speaker 3: point here North to Color. 123 00:06:30,839 --> 00:06:32,840 Speaker 6: I grew up in a tiny town in North Dakota. 124 00:06:33,600 --> 00:06:36,359 Speaker 6: Woke was what you did at five am to start 125 00:06:36,400 --> 00:06:36,640 Speaker 6: the day. 126 00:06:36,800 --> 00:06:41,000 Speaker 3: Hey, there you go. That's not a bad line. And 127 00:06:41,080 --> 00:06:43,280 Speaker 3: maybe he should not be underestimated, even if he is 128 00:06:43,320 --> 00:06:49,200 Speaker 3: starting with very low name recognition. Also now officially running 129 00:06:49,360 --> 00:06:52,000 Speaker 3: for president. Former entrepreneur has enough money that he could 130 00:06:52,000 --> 00:06:56,600 Speaker 3: self fund the campaign if he needs to. I'm told 131 00:06:56,640 --> 00:06:59,520 Speaker 3: Andy Smith is ready. The director of the University of 132 00:06:59,520 --> 00:07:02,880 Speaker 3: New Hampshire Survey Center, Andrew, it's great to have you 133 00:07:02,960 --> 00:07:06,920 Speaker 3: back on Bloomberg. Can you hear me? I sure can, Joe, fantastic. 134 00:07:06,920 --> 00:07:09,160 Speaker 3: I'm doing better now. It's good to hear your voice. 135 00:07:09,160 --> 00:07:11,480 Speaker 3: I've been looking forward to this because I'm talking about 136 00:07:11,840 --> 00:07:16,000 Speaker 3: candidates and town halls and advertising and polling numbers, and 137 00:07:16,040 --> 00:07:18,800 Speaker 3: I wonder how many people in New Hampshire have even 138 00:07:18,840 --> 00:07:19,840 Speaker 3: started paying attention. 139 00:07:20,840 --> 00:07:23,720 Speaker 5: Well, they're probably trying to avoid politics right now more 140 00:07:23,720 --> 00:07:26,960 Speaker 5: than being attracted to it. Yes, it's true. New Hampshire 141 00:07:27,000 --> 00:07:30,280 Speaker 5: has high turnout that presidents were primary historically. Yes, you 142 00:07:30,360 --> 00:07:33,040 Speaker 5: have a greater opportunity to meet a candidate here than 143 00:07:33,080 --> 00:07:35,480 Speaker 5: in any place in the country. But only about fifteen 144 00:07:35,480 --> 00:07:37,680 Speaker 5: to twenty percent of voters believe and say that they've 145 00:07:37,720 --> 00:07:39,560 Speaker 5: been in a room with a candidate in the past. 146 00:07:39,600 --> 00:07:41,760 Speaker 5: So for the most part, most people aren't paying a 147 00:07:41,800 --> 00:07:44,000 Speaker 5: lot of attention to this race. They'll pay attention to 148 00:07:44,040 --> 00:07:46,440 Speaker 5: it next late next fall, when it actually matters. 149 00:07:46,680 --> 00:07:49,160 Speaker 3: Okay, Well, of course, you know, we're all paying attention 150 00:07:49,240 --> 00:07:51,280 Speaker 3: here and we love talking about this as we try 151 00:07:51,280 --> 00:07:52,720 Speaker 3: to get a sense of where we might be a 152 00:07:52,720 --> 00:07:55,920 Speaker 3: couple of months from now. Andy, the candidates have spent 153 00:07:56,080 --> 00:07:58,200 Speaker 3: a lot of time in New Hampshire. We spent quite 154 00:07:58,240 --> 00:08:01,040 Speaker 3: a bit of time in Iowa last week. Chris Christy 155 00:08:01,120 --> 00:08:04,880 Speaker 3: decides to announce in New Hampshire because I'm assuming he 156 00:08:04,920 --> 00:08:08,679 Speaker 3: sees that as his best first shot. What a folks 157 00:08:08,680 --> 00:08:10,680 Speaker 3: in the Granite State think of him. 158 00:08:11,520 --> 00:08:13,760 Speaker 5: They don't think a lot of him. When we asked 159 00:08:13,920 --> 00:08:17,239 Speaker 5: the last time we asked about people who they wanted 160 00:08:17,280 --> 00:08:20,120 Speaker 5: to vote for for the New Hampshire primary, Christie was 161 00:08:20,160 --> 00:08:22,600 Speaker 5: at two percent. So he is just not that well 162 00:08:22,640 --> 00:08:25,000 Speaker 5: known compared to most other candidates. I think that's his 163 00:08:25,040 --> 00:08:28,760 Speaker 5: biggest problem. He also has fairly high negatives among the 164 00:08:29,880 --> 00:08:32,440 Speaker 5: MAGA group of voters up here, and I think that's 165 00:08:32,480 --> 00:08:34,600 Speaker 5: one of the things that is going to be both 166 00:08:34,600 --> 00:08:38,520 Speaker 5: his signature of strength and his weakness. His strength is 167 00:08:38,600 --> 00:08:41,680 Speaker 5: because it bolsters his willingness to talk out against Trump, 168 00:08:41,760 --> 00:08:44,120 Speaker 5: because he figures he's already lost those voters and it 169 00:08:44,120 --> 00:08:46,480 Speaker 5: gives us some vota heid for getting the anti Trump votes. 170 00:08:47,400 --> 00:08:50,400 Speaker 3: He talked about this idea of being a Kamikazi candidate. 171 00:08:50,440 --> 00:08:52,040 Speaker 3: He said, how do you have one without the other. 172 00:08:52,120 --> 00:08:54,079 Speaker 3: I'm going after the guy who's leading in the polls here, 173 00:08:54,120 --> 00:08:57,720 Speaker 3: and Donald Trump's poll numbers are very convincing in New Hampshire. 174 00:08:57,720 --> 00:09:01,480 Speaker 3: I mean, in some cases they look unbelievable, leading Ron 175 00:09:01,520 --> 00:09:05,600 Speaker 3: de Santis by twenty thirty forty points depending on the poll. 176 00:09:05,640 --> 00:09:07,520 Speaker 3: Do you believe numbers like that this early on? 177 00:09:09,000 --> 00:09:12,400 Speaker 5: I think there's a probably accurate accurate measures of name 178 00:09:12,440 --> 00:09:17,080 Speaker 5: recognition and how much media visibility somebody's gotten. But they're 179 00:09:17,080 --> 00:09:20,319 Speaker 5: certainly not predictive of what's going to happen in November. 180 00:09:20,360 --> 00:09:22,800 Speaker 5: I guess the best example of that in recent years 181 00:09:23,080 --> 00:09:27,720 Speaker 5: was in twenty fifteen, at about this time, Bernie Sanders 182 00:09:27,760 --> 00:09:29,760 Speaker 5: was at ten to fifteen percent of the polls in 183 00:09:29,760 --> 00:09:31,760 Speaker 5: New Hampshire and he ended up winning that race without 184 00:09:31,800 --> 00:09:34,280 Speaker 5: more than sixty percent of the vote. So there's a 185 00:09:34,280 --> 00:09:36,400 Speaker 5: lot that can happen between now in election, so they're 186 00:09:36,440 --> 00:09:37,640 Speaker 5: not necessarily predictive. 187 00:09:38,040 --> 00:09:40,360 Speaker 3: How important is it that your governor Chris n Nunu 188 00:09:40,559 --> 00:09:42,319 Speaker 3: has made clear that he's not going to run, he 189 00:09:42,559 --> 00:09:46,440 Speaker 3: still actively campaign against Donald Trump? Is will he make 190 00:09:46,480 --> 00:09:48,280 Speaker 3: an endorsement? What is that going to look like? 191 00:09:49,760 --> 00:09:52,360 Speaker 5: I'm pretty sure he will make an endorsement. They're the 192 00:09:52,480 --> 00:09:57,360 Speaker 5: history of governors in New Hampshire backing candidates and using 193 00:09:57,400 --> 00:10:02,440 Speaker 5: that for maybe their own political advancement. But you think 194 00:10:02,480 --> 00:10:07,560 Speaker 5: of John Sinudu. His father certainly got that endorsement and 195 00:10:07,600 --> 00:10:11,320 Speaker 5: helped George H. W. Bush back in nineteen eighty eight. 196 00:10:11,480 --> 00:10:14,079 Speaker 5: That got him the position of a chief of staff 197 00:10:14,080 --> 00:10:14,640 Speaker 5: down in DC. 198 00:10:15,400 --> 00:10:18,800 Speaker 3: So we'll be hearing certainly more from him. I wonder 199 00:10:18,800 --> 00:10:20,920 Speaker 3: if he becomes, you know, sort of a shirp for 200 00:10:21,040 --> 00:10:23,880 Speaker 3: Republican candidates, or if he decides to just coal uce 201 00:10:23,920 --> 00:10:27,240 Speaker 3: around one maybe his name is Chris Christy to go 202 00:10:27,360 --> 00:10:29,199 Speaker 3: for Donald Trump directly. 203 00:10:30,160 --> 00:10:32,640 Speaker 5: Kind of coincidence and the one person drops out and 204 00:10:32,720 --> 00:10:34,760 Speaker 5: another person declares it about a day and a half. 205 00:10:36,200 --> 00:10:39,200 Speaker 3: Give us a geography lesson here, Andy Smith. When people 206 00:10:39,240 --> 00:10:42,959 Speaker 3: think about New Hampshire, they think about Manchester, they think 207 00:10:43,000 --> 00:10:49,240 Speaker 3: about the center right leaning electorate. But it's a real patchwork. 208 00:10:49,559 --> 00:10:52,320 Speaker 3: What areas should we be looking in from the Boston 209 00:10:52,360 --> 00:10:55,200 Speaker 3: suburbs going up to Manchester and then into farm country 210 00:10:56,360 --> 00:11:00,800 Speaker 3: with regard to political preference and where these candidates are 211 00:11:00,840 --> 00:11:01,800 Speaker 3: going to spend their time. 212 00:11:02,559 --> 00:11:05,120 Speaker 5: Well, first, it's important to remember that about two thirds 213 00:11:05,160 --> 00:11:07,800 Speaker 5: of the population in New Hampshire is in a triangle 214 00:11:07,840 --> 00:11:11,359 Speaker 5: from Saint Nashua up to Conquered and over to Portsmouth 215 00:11:11,559 --> 00:11:14,040 Speaker 5: and the rest of the state is largely uninhabited, and 216 00:11:14,080 --> 00:11:16,040 Speaker 5: I don't mean that as offense to the other people. 217 00:11:16,080 --> 00:11:18,959 Speaker 5: That's the world the state, and then in this world 218 00:11:18,960 --> 00:11:22,520 Speaker 5: part of the state. It varies dramatically where you live 219 00:11:22,640 --> 00:11:26,199 Speaker 5: about where the political preference is. It's important to state 220 00:11:26,200 --> 00:11:29,160 Speaker 5: out that the old FDR coalition that we think of, 221 00:11:29,240 --> 00:11:32,600 Speaker 5: that the Democratic Party is blue collar workers and so forth. 222 00:11:32,720 --> 00:11:35,600 Speaker 5: That's not the case here. The Democratic Party is the 223 00:11:35,760 --> 00:11:38,800 Speaker 5: educational elite, the social and economic elite in the state, 224 00:11:38,840 --> 00:11:41,040 Speaker 5: and the Republicans tend to be much more blue collar. 225 00:11:42,120 --> 00:11:45,319 Speaker 5: And consequently, the places that are the most democratic in 226 00:11:45,360 --> 00:11:49,640 Speaker 5: the state are the state capitol conquered and then around 227 00:11:49,800 --> 00:11:52,400 Speaker 5: in the university towns like here on the Sea coast 228 00:11:52,440 --> 00:11:55,760 Speaker 5: in New Hampshire, very high educated, a lot of money. 229 00:11:55,960 --> 00:11:58,920 Speaker 5: It's a heavily democratic region. And the same is true 230 00:11:58,920 --> 00:12:02,800 Speaker 5: out around Hannover or where Darby College is. But the 231 00:12:03,120 --> 00:12:09,360 Speaker 5: rest of the state is more conservative Republican in the 232 00:12:09,480 --> 00:12:13,040 Speaker 5: rural areas that's kind of Donald Trump territory. And then 233 00:12:13,080 --> 00:12:15,960 Speaker 5: there's some kind of old fashioned moderate Democrats in the 234 00:12:15,960 --> 00:12:16,960 Speaker 5: Manchester area. 235 00:12:17,040 --> 00:12:19,000 Speaker 3: So if you're buying ads like the ones we were 236 00:12:19,040 --> 00:12:22,360 Speaker 3: just hearing, you're buying Manchester and Boston? Is that right? 237 00:12:23,640 --> 00:12:27,040 Speaker 5: I think that probably Manchester right now would be much better, 238 00:12:27,160 --> 00:12:29,720 Speaker 5: certainly well bang for the buck that you would get there. 239 00:12:29,960 --> 00:12:32,240 Speaker 5: I would imagine they're still doing a lot of targeted 240 00:12:32,280 --> 00:12:34,280 Speaker 5: advertising if they're going to do anything, both on the 241 00:12:34,280 --> 00:12:37,360 Speaker 5: internet as well as on TV right now, because frankly, again, 242 00:12:37,400 --> 00:12:41,160 Speaker 5: most voters aren't paying attention. The only real reason I 243 00:12:41,200 --> 00:12:43,199 Speaker 5: could see to spend a lot of money on advertising 244 00:12:43,280 --> 00:12:46,080 Speaker 5: right now is to get your name recognition over that 245 00:12:46,120 --> 00:12:50,600 Speaker 5: one percent threshold RNC is requiring for the first debate. 246 00:12:51,240 --> 00:12:53,400 Speaker 3: Boy, and I'm kind of excited to get back up there. 247 00:12:53,400 --> 00:12:55,839 Speaker 3: You're not Our candidates aren't already you know, walking around 248 00:12:55,840 --> 00:12:57,880 Speaker 3: going to the Red Arrow Diner and so forth. Are 249 00:12:57,880 --> 00:12:58,920 Speaker 3: they that comes months later? 250 00:12:59,000 --> 00:13:01,520 Speaker 5: Oh yeah, they've They've already been to the rest they are? 251 00:13:01,960 --> 00:13:02,400 Speaker 3: Why wait? 252 00:13:03,640 --> 00:13:04,319 Speaker 5: Absolutely? 253 00:13:06,240 --> 00:13:08,600 Speaker 3: Yeah, Well listen, I'm looking forward to getting up there, 254 00:13:08,600 --> 00:13:10,360 Speaker 3: and I want to spend some time with you when 255 00:13:10,400 --> 00:13:13,080 Speaker 3: we do. Andrew Smith, many thanks for giving us a 256 00:13:13,120 --> 00:13:15,800 Speaker 3: premier here with three more names on the list. The 257 00:13:15,800 --> 00:13:19,320 Speaker 3: director of the University of Newmpshire Survey Center. He's one 258 00:13:19,360 --> 00:13:21,280 Speaker 3: of the good ones. Andrew Smith with us here helping 259 00:13:21,320 --> 00:13:23,840 Speaker 3: us get prepared for the Can I call it that 260 00:13:23,840 --> 00:13:28,240 Speaker 3: at least for the Republicans the first in the nation primary? 261 00:13:28,440 --> 00:13:30,320 Speaker 3: You can't call it that for the Democrats though, that 262 00:13:30,320 --> 00:13:34,720 Speaker 3: gets far more complicated. I'm Joe Matthew in Washington. This 263 00:13:34,880 --> 00:13:37,120 Speaker 3: is Bloomberg Sound On. There we go with some music 264 00:13:37,520 --> 00:13:40,640 Speaker 3: coming up. Next, we assemble our panel Lisa Camusso Miller 265 00:13:41,080 --> 00:13:43,640 Speaker 3: and Jim Kessler with us as we did for what 266 00:13:43,679 --> 00:13:46,720 Speaker 3: we heard last night from Chris Christy, These ads today 267 00:13:46,760 --> 00:13:49,840 Speaker 3: from pennsen Bergham and who else might be about to 268 00:13:49,920 --> 00:13:52,679 Speaker 3: jump in? That's next. This is Bloomberg. 269 00:13:54,880 --> 00:13:58,360 Speaker 1: You're listening to the Bloomberg Sound On podcast. Catch us 270 00:13:58,400 --> 00:14:01,559 Speaker 1: live weekdays at one Eastern on Bloomberg dot Com, the 271 00:14:01,640 --> 00:14:04,760 Speaker 1: iHeartRadio app and the Bloomberg Business App, or listening on 272 00:14:04,800 --> 00:14:06,760 Speaker 1: demand wherever you get your podcast. 273 00:14:08,320 --> 00:14:11,480 Speaker 3: The former Vice President is just about to hit the 274 00:14:11,480 --> 00:14:15,079 Speaker 3: podium to make his announcement. You can't just do the video, right. 275 00:14:15,160 --> 00:14:17,760 Speaker 3: I thought that was actually the world we were in 276 00:14:17,800 --> 00:14:21,080 Speaker 3: here just a day after Chris Christy made it official 277 00:14:21,320 --> 00:14:27,040 Speaker 3: in New Hampshire, the former Vice President announcing his campaign 278 00:14:27,120 --> 00:14:30,160 Speaker 3: for the nomination at a rally in Iowa. As we 279 00:14:30,240 --> 00:14:32,800 Speaker 3: prepare to Assemblar panel. This is a good one. Here 280 00:14:32,800 --> 00:14:35,960 Speaker 3: we have Lisa Camuso Miller with us and Jim Kessler 281 00:14:37,480 --> 00:14:40,400 Speaker 3: and who says that Chris Christy is a Kamakazi candidate. 282 00:14:40,400 --> 00:14:41,640 Speaker 4: You know, I love this. I've seen some of the 283 00:14:41,640 --> 00:14:45,560 Speaker 4: press coverage of me getting ready to run, and there's 284 00:14:45,560 --> 00:14:48,040 Speaker 4: this thing like Christy doesn't really care about winning all 285 00:14:48,040 --> 00:14:51,160 Speaker 4: he cares what doing is destroying Trump. Now, let me 286 00:14:51,200 --> 00:14:54,560 Speaker 4: ask you something. How are those two things mutually exclusive? 287 00:14:56,920 --> 00:14:57,160 Speaker 1: Well? 288 00:14:57,240 --> 00:15:03,840 Speaker 4: Wait, seriously, now, aren't they inextricably connected? The guys ahead 289 00:15:03,880 --> 00:15:06,320 Speaker 4: in the polls? Who am I supposed to be worried about? 290 00:15:06,400 --> 00:15:07,000 Speaker 4: Nikki Haley? 291 00:15:07,160 --> 00:15:10,200 Speaker 3: Oh? See, I bet she didn't love that. Lisa Kamussa Miller, 292 00:15:10,240 --> 00:15:14,680 Speaker 3: the former RNC communications director and partner at RESET Public Affairs, 293 00:15:15,520 --> 00:15:20,680 Speaker 3: spent some time in New Jersey politics, knows some Chris 294 00:15:20,760 --> 00:15:22,880 Speaker 3: Christy and is with US now along with Jim Kesler, 295 00:15:22,960 --> 00:15:25,840 Speaker 3: the co founder a Third Way Democratic strategist. Lisa, how 296 00:15:25,880 --> 00:15:26,600 Speaker 3: do you do last night? 297 00:15:28,600 --> 00:15:29,680 Speaker 7: I think he did a good job. 298 00:15:29,760 --> 00:15:31,880 Speaker 8: I mean, I think, Joe, what's interesting to me about 299 00:15:31,920 --> 00:15:35,080 Speaker 8: the governor is that, you know, look, he's the first 300 00:15:35,120 --> 00:15:38,640 Speaker 8: candidate that is willing to go straight on with Donald Trump. 301 00:15:38,720 --> 00:15:41,400 Speaker 8: He is not afraid of the consequences, and he is 302 00:15:41,440 --> 00:15:45,000 Speaker 8: definitely not a Kamakazi candidate. He is Nobody runs for 303 00:15:45,080 --> 00:15:48,240 Speaker 8: president without a plan to win. So he's gone into 304 00:15:48,240 --> 00:15:51,080 Speaker 8: this absolutely ready for a fight. And let's hope this 305 00:15:51,120 --> 00:15:54,160 Speaker 8: is death by a thousand cuts. Look the Republican Party overall, 306 00:15:54,480 --> 00:15:57,120 Speaker 8: over and over again, everybody is saying that they really 307 00:15:57,200 --> 00:16:01,840 Speaker 8: want to have another alternative. And so maybe Chris Christi 308 00:16:01,920 --> 00:16:04,480 Speaker 8: opens the door for a lot of good candidates to 309 00:16:04,480 --> 00:16:08,440 Speaker 8: get an opportunity to maybe showcase themselves and be at 310 00:16:08,480 --> 00:16:11,520 Speaker 8: moret a competitive pace than have been in the past 311 00:16:11,720 --> 00:16:12,560 Speaker 8: with Donald Trump. 312 00:16:12,680 --> 00:16:15,560 Speaker 3: Should people be paying more attention to the Chris Christie's 313 00:16:15,600 --> 00:16:18,120 Speaker 3: and Mike Pence's of the world here. I won't add 314 00:16:18,160 --> 00:16:20,800 Speaker 3: Governor Burgham to this list right now, Jim, but the 315 00:16:21,160 --> 00:16:23,240 Speaker 3: candidates who are in the single digits. And I ask 316 00:16:23,280 --> 00:16:25,360 Speaker 3: you that knowing that if we spin back to twenty 317 00:16:25,400 --> 00:16:28,440 Speaker 3: sixteen at this time, where I guess twenty fifteen would 318 00:16:28,440 --> 00:16:31,320 Speaker 3: be the case, I believe Scott Walker was leading the polls. 319 00:16:31,360 --> 00:16:34,560 Speaker 3: You know, Donald Trump was in last place. How are 320 00:16:34,560 --> 00:16:36,600 Speaker 3: you looking at this field? 321 00:16:37,680 --> 00:16:42,120 Speaker 9: Well, I think there's two questions there, because one is 322 00:16:42,200 --> 00:16:44,520 Speaker 9: I don't think Mike pens and Chris Christie are the 323 00:16:44,560 --> 00:16:48,040 Speaker 9: same single digit candidates. And if you look at their announcement, 324 00:16:48,680 --> 00:16:52,880 Speaker 9: the Mike Pence announcement sounded like a politician from the 325 00:16:53,560 --> 00:16:56,040 Speaker 9: announce it in the nineteen nineties. You know, it just 326 00:16:56,360 --> 00:16:59,560 Speaker 9: it really was a throwback to the type of race 327 00:16:59,600 --> 00:17:04,120 Speaker 9: that that's not how campaigns are won these days. Chris 328 00:17:04,200 --> 00:17:07,920 Speaker 9: Christy looked like he was really brawling for twenty twenty four. 329 00:17:09,000 --> 00:17:12,919 Speaker 9: The thing is is that in New Hampshire, surprises happen, 330 00:17:13,800 --> 00:17:19,040 Speaker 9: and it's a state that can launch a candidacy. I mean, 331 00:17:20,040 --> 00:17:22,560 Speaker 9: your previous guests talked about how you know Bernie Sanders 332 00:17:22,760 --> 00:17:26,000 Speaker 9: candidacy in some ways was launched in twenty sixteen by 333 00:17:26,000 --> 00:17:27,879 Speaker 9: winning in New Hampshire. Now, of course he's from the 334 00:17:27,880 --> 00:17:34,080 Speaker 9: neighboring state, but that's happened before here. And the important 335 00:17:34,119 --> 00:17:39,399 Speaker 9: thing for Republicans who desperately do not want Donald Trump 336 00:17:39,400 --> 00:17:42,480 Speaker 9: to be the nominee is when New Hampshire is over, 337 00:17:42,960 --> 00:17:46,880 Speaker 9: there needs to be one candidate in the field against him, 338 00:17:47,320 --> 00:17:49,080 Speaker 9: not four or not six. 339 00:17:49,520 --> 00:17:53,040 Speaker 3: Wow is that Possiblely, so, the stage is getting crowded. 340 00:17:54,960 --> 00:17:58,120 Speaker 8: The stage is getting crowded. The sound from a lot 341 00:17:58,160 --> 00:18:01,520 Speaker 8: of the candidates is similar. The inability to go up 342 00:18:01,560 --> 00:18:04,480 Speaker 8: against Donald Trump without being worried about what the impact 343 00:18:04,480 --> 00:18:07,640 Speaker 8: would be is similar. The difference, as I said to you, 344 00:18:07,840 --> 00:18:10,080 Speaker 8: as we've talked over the over the course of time, Joe, 345 00:18:10,119 --> 00:18:13,879 Speaker 8: is that Chris Christy opening the door to pointing the 346 00:18:13,960 --> 00:18:18,080 Speaker 8: finger at the facts, to me, allows for Republicans to 347 00:18:18,200 --> 00:18:20,760 Speaker 8: feel good about making a choice for someone other than 348 00:18:20,800 --> 00:18:24,159 Speaker 8: Donald Trump, someone that is a conservative candidate, someone that 349 00:18:24,240 --> 00:18:25,399 Speaker 8: can govern. 350 00:18:25,520 --> 00:18:29,080 Speaker 7: It's proven he's governed now two terms in. 351 00:18:29,240 --> 00:18:32,159 Speaker 8: New Jersey in the state, and typically, as you know 352 00:18:32,280 --> 00:18:35,399 Speaker 8: in history, governors are those that are elected to the 353 00:18:35,440 --> 00:18:39,280 Speaker 8: White House. We've only in the last twelve years had 354 00:18:39,320 --> 00:18:42,040 Speaker 8: two candidates that came from elsewhere. So it'll be interesting 355 00:18:42,040 --> 00:18:45,160 Speaker 8: to see what happens. I do think that if there's 356 00:18:45,240 --> 00:18:47,720 Speaker 8: not a place for all nine of these candidates on 357 00:18:47,760 --> 00:18:50,760 Speaker 8: the debate stage, it makes it increasingly difficult for them 358 00:18:50,800 --> 00:18:53,840 Speaker 8: to compete and to be a candidate beyond New Hampshire. 359 00:18:53,920 --> 00:18:56,320 Speaker 8: And so to Jim's point, I think that that's very true. 360 00:18:56,400 --> 00:19:00,400 Speaker 8: If the Republicans intend to win in twenty four, will 361 00:19:00,440 --> 00:19:03,200 Speaker 8: have to be a strong elimination process in order to 362 00:19:03,240 --> 00:19:06,080 Speaker 8: get down to a few good candidates to get the 363 00:19:06,520 --> 00:19:07,639 Speaker 8: right nominee in place. 364 00:19:08,240 --> 00:19:10,639 Speaker 3: Jim I asked Andy Smith at the beginning of the 365 00:19:10,640 --> 00:19:13,800 Speaker 3: hour about this decision by Governor Sanunhu to not run. 366 00:19:14,440 --> 00:19:17,720 Speaker 3: Is that the most important, ally, the most important endorsement 367 00:19:17,760 --> 00:19:19,680 Speaker 3: you can seek right now? If you're Chris Christy, don't 368 00:19:19,680 --> 00:19:22,240 Speaker 3: you want to hit the state with Chris Sanunu on 369 00:19:22,280 --> 00:19:25,200 Speaker 3: the bus with you? Absolutely? 370 00:19:25,280 --> 00:19:30,040 Speaker 9: I think sonun who's going to wait, but his not 371 00:19:30,240 --> 00:19:35,080 Speaker 9: running really matters. It opens up New Hampshire. He has 372 00:19:35,160 --> 00:19:40,080 Speaker 9: the with maybe not the same brawler a tone that 373 00:19:40,119 --> 00:19:42,600 Speaker 9: you hear from a New Jersey politician. He has the 374 00:19:42,640 --> 00:19:47,880 Speaker 9: same feeling towards towards Donald Trump. I do want to say, though, 375 00:19:48,040 --> 00:19:51,919 Speaker 9: like whittling down the field really matters. If you look 376 00:19:52,320 --> 00:19:58,919 Speaker 9: at twenty sixteen, Donald Trump, John Kasik, Ted Cruz, and 377 00:19:59,000 --> 00:20:03,880 Speaker 9: Marco Rubio were competing for votes and delegates through thirty states, 378 00:20:04,520 --> 00:20:08,040 Speaker 9: and Donald Trump barely won forty percent of the votes. 379 00:20:08,160 --> 00:20:12,280 Speaker 9: But because of the way the delegate allocation process works 380 00:20:12,640 --> 00:20:15,119 Speaker 9: in the Republican Party, which is different than how it 381 00:20:15,160 --> 00:20:18,679 Speaker 9: works in the Democratic Party, that forty plus percentage of 382 00:20:18,720 --> 00:20:22,280 Speaker 9: the votes got nearly sixty five percent of the total delegates. 383 00:20:22,680 --> 00:20:25,840 Speaker 9: A crowded field helps Donald Trump immensely. 384 00:20:26,320 --> 00:20:28,800 Speaker 3: Yeah, it sure seems like it. This is why we 385 00:20:28,880 --> 00:20:31,359 Speaker 3: maybe I suppose could see some deal making ahead of 386 00:20:32,200 --> 00:20:36,040 Speaker 3: South Carolina, Lisa, But i'd love your take on the 387 00:20:36,080 --> 00:20:38,200 Speaker 3: other two jumping in here. Mike Pence, by the way, 388 00:20:38,600 --> 00:20:42,160 Speaker 3: is speaking right now in Iowa, making his candidacy official. 389 00:20:42,240 --> 00:20:44,880 Speaker 3: This is live sound from the podium political parties. She's 390 00:20:44,920 --> 00:20:47,520 Speaker 3: introduced a short time ago by his wife. Remember it 391 00:20:47,600 --> 00:20:51,000 Speaker 3: looks like a modest but attentive crowd. Here is he 392 00:20:51,080 --> 00:20:53,359 Speaker 3: going to make a dent? Lisa. He put up a 393 00:20:53,400 --> 00:20:56,720 Speaker 3: beautifully produced video this morning. He's taking a very traditional 394 00:20:56,800 --> 00:21:01,160 Speaker 3: route to the evening mentions the city on the hill. 395 00:21:01,240 --> 00:21:03,399 Speaker 8: I find it so difficult to figure out how it 396 00:21:03,480 --> 00:21:05,520 Speaker 8: is that he can thread the needle and pick up 397 00:21:05,760 --> 00:21:10,040 Speaker 8: that thirty percent that is unapologetically loyal to Donald Trump 398 00:21:10,320 --> 00:21:13,159 Speaker 8: at a time when on January sixth, that same crowd 399 00:21:13,200 --> 00:21:16,760 Speaker 8: of people were going for his head. I would love 400 00:21:16,800 --> 00:21:19,000 Speaker 8: to think he was a good member of Congress, He 401 00:21:19,040 --> 00:21:22,760 Speaker 8: was a good governor. He was dealt with a series 402 00:21:22,760 --> 00:21:25,399 Speaker 8: of issues that caused him to have an unpopular rating 403 00:21:25,400 --> 00:21:28,200 Speaker 8: when he left his state as governor to then become 404 00:21:28,320 --> 00:21:29,040 Speaker 8: vice president. 405 00:21:29,359 --> 00:21:31,720 Speaker 7: It to me it will be interesting to see. But 406 00:21:31,760 --> 00:21:33,200 Speaker 7: he is a communicator at heart. 407 00:21:33,200 --> 00:21:36,040 Speaker 8: I mean, he is very good, very good speaker, very 408 00:21:36,080 --> 00:21:39,760 Speaker 8: good at figuring out messaging, and so it'll be interesting 409 00:21:39,760 --> 00:21:40,320 Speaker 8: to see. 410 00:21:40,080 --> 00:21:42,120 Speaker 10: How he cuts through the noise. 411 00:21:42,840 --> 00:21:44,960 Speaker 8: But I'm having a hard time figuring out his path 412 00:21:45,000 --> 00:21:48,639 Speaker 8: because it feels a little less bombastic and combative and 413 00:21:48,680 --> 00:21:51,560 Speaker 8: really challenging to the front runner at this. 414 00:21:51,440 --> 00:21:53,880 Speaker 3: Point, maybe not a candidate for twenty twenty four. Jim, 415 00:21:53,920 --> 00:21:55,359 Speaker 3: I don't know your thought on that, but it is 416 00:21:55,400 --> 00:21:58,479 Speaker 3: ironic that of the number of times that Chris Christie 417 00:21:58,520 --> 00:22:00,720 Speaker 3: said Donald Trump's name last night, and that was the point, 418 00:22:00,800 --> 00:22:04,119 Speaker 3: right to bunch him on the nose rhetorically, Mike Pence 419 00:22:04,160 --> 00:22:07,480 Speaker 3: doesn't even mention the fact that he served with Donald 420 00:22:07,520 --> 00:22:08,280 Speaker 3: Trump in this ad. 421 00:22:10,240 --> 00:22:13,399 Speaker 9: Yeah, which gets to Lisa's point, like, what's his theory 422 00:22:13,440 --> 00:22:16,760 Speaker 9: of the case about how you're going to win this race? 423 00:22:17,000 --> 00:22:21,520 Speaker 9: And is it some passive aggressive But I served as 424 00:22:22,119 --> 00:22:24,479 Speaker 9: vice president for four years and I'm not even going 425 00:22:24,560 --> 00:22:27,400 Speaker 9: to mention his name, Like, I just don't see how 426 00:22:27,440 --> 00:22:30,600 Speaker 9: that works. It's sort of a throwback candidacy. It's like 427 00:22:30,640 --> 00:22:33,640 Speaker 9: a candidacy from a different era. When Republicans would pick 428 00:22:34,000 --> 00:22:38,000 Speaker 9: the next person in line almost every time, and that's 429 00:22:38,000 --> 00:22:39,480 Speaker 9: not the Republican Party today. 430 00:22:40,280 --> 00:22:42,320 Speaker 3: Hey, Lisai doug Berger and he put a slick ad 431 00:22:42,320 --> 00:22:44,720 Speaker 3: together here. I mentioned earlier it looks like Kevin Costner 432 00:22:44,720 --> 00:22:49,000 Speaker 3: out there on the planes and dances with wolves. Makes 433 00:22:49,040 --> 00:22:51,680 Speaker 3: me want to move to North Dakota. But can he 434 00:22:51,760 --> 00:22:54,440 Speaker 3: make it Dent? How does he introduce himself to the nation. 435 00:22:57,040 --> 00:22:59,560 Speaker 8: Well, it's so interesting, And your first guest was the 436 00:22:59,560 --> 00:23:02,280 Speaker 8: one that really said it first. That looks like a 437 00:23:02,320 --> 00:23:05,760 Speaker 8: slick ad that was done by Hollywood, but that also 438 00:23:05,960 --> 00:23:08,800 Speaker 8: was for another time. Or perhaps it was Jim that 439 00:23:08,880 --> 00:23:11,760 Speaker 8: said that candidate in sixteen and perhaps not a candidate 440 00:23:11,760 --> 00:23:15,639 Speaker 8: for today. You know, look, Joe, we've watched candidates like 441 00:23:15,680 --> 00:23:19,199 Speaker 8: this come from nowhere and really become very popular. It 442 00:23:19,359 --> 00:23:21,480 Speaker 8: strikes me that it is a very slick ad. 443 00:23:21,680 --> 00:23:23,119 Speaker 10: I love the fact that you said that. 444 00:23:23,359 --> 00:23:25,240 Speaker 8: His woke line I thought was really strong. 445 00:23:25,280 --> 00:23:27,000 Speaker 7: It's what we do when we wake up early in 446 00:23:27,000 --> 00:23:27,399 Speaker 7: the morning. 447 00:23:28,960 --> 00:23:31,080 Speaker 8: But right right now, it just feels like a very 448 00:23:31,160 --> 00:23:34,840 Speaker 8: crowded field in a field where unless you're really making 449 00:23:34,880 --> 00:23:38,200 Speaker 8: a lot of noise, it will be difficult to break through. 450 00:23:38,720 --> 00:23:41,080 Speaker 3: Just thirty seconds. Jim, does the money make a difference 451 00:23:41,119 --> 00:23:41,680 Speaker 3: in his case? 452 00:23:43,920 --> 00:23:49,119 Speaker 9: I mean it doesn't hurt. But you know, I worked 453 00:23:49,119 --> 00:23:51,760 Speaker 9: on a candidacy that went from an asterisk in the 454 00:23:51,800 --> 00:23:54,120 Speaker 9: polls to win in New Hampshire. That was Gary hard 455 00:23:54,160 --> 00:23:57,399 Speaker 9: in nineteen eighty four. It takes kind of a special moment. 456 00:23:57,440 --> 00:24:00,560 Speaker 9: I'm not sure he has the moment or the per personality. 457 00:24:01,240 --> 00:24:05,040 Speaker 3: Great insights here, honest talk with Lisa Kamussa Miller and 458 00:24:05,119 --> 00:24:09,119 Speaker 3: Jim Kessler. We're gonna dig into this whole PGA Live fiasco. 459 00:24:09,359 --> 00:24:12,399 Speaker 3: Congress is speaking up now and not everybody's happy in 460 00:24:12,480 --> 00:24:15,240 Speaker 3: conversations we had with lawmakers on Capitol Hill today. 461 00:24:16,000 --> 00:24:19,520 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us 462 00:24:19,560 --> 00:24:22,720 Speaker 1: Live weekdays at one Eastern on Bloomberg dot com, the 463 00:24:22,800 --> 00:24:25,879 Speaker 1: iHeartRadio app and the Bloomberg Business App, or listen on 464 00:24:25,960 --> 00:24:29,960 Speaker 1: demand wherever you get your podcasts now. The headline on 465 00:24:30,000 --> 00:24:31,000 Speaker 1: the terminal says it all. 466 00:24:31,080 --> 00:24:36,040 Speaker 3: PGA golf merger is Saudi Arabia's biggest soft power win yet. 467 00:24:36,240 --> 00:24:40,399 Speaker 3: Great story by Matthew Martin, who writes this shock merger 468 00:24:40,440 --> 00:24:43,480 Speaker 3: of the PGA tour and live golf means Saudi Arabia's 469 00:24:43,480 --> 00:24:47,000 Speaker 3: strategy of using vast oil riches to boost its soft 470 00:24:47,040 --> 00:24:52,640 Speaker 3: power by investing billions in global sports can claim its 471 00:24:52,720 --> 00:24:57,879 Speaker 3: biggest victory to date. Yeah, shock and awe over this 472 00:24:58,000 --> 00:25:01,679 Speaker 3: headline yesterday, and not everybody liked it. Blueberg News went 473 00:25:01,720 --> 00:25:05,760 Speaker 3: up to Capitol Hill today scouring the corridors of the 474 00:25:05,880 --> 00:25:08,520 Speaker 3: US Senate to get a little bit of feedback here 475 00:25:08,520 --> 00:25:10,679 Speaker 3: from lawmakers. Some of them see this as an anti 476 00:25:10,680 --> 00:25:14,680 Speaker 3: trust issue. Senator Ron Wyde, the Democrat from Washington. 477 00:25:14,359 --> 00:25:18,800 Speaker 11: Right now, I'm saying, on its faith, this looks like 478 00:25:19,600 --> 00:25:24,000 Speaker 11: hypocrisy driven by a major cash grab, and we're going 479 00:25:24,040 --> 00:25:25,000 Speaker 11: to get to the bottom. 480 00:25:24,720 --> 00:25:26,760 Speaker 3: Up, should have said Oregon, of course, in a powerful 481 00:25:26,760 --> 00:25:29,840 Speaker 3: figure in the Democratic leadership. We also caught up with 482 00:25:30,040 --> 00:25:32,280 Speaker 3: Chris Murphy of Connecticut even more animated about that. 483 00:25:32,320 --> 00:25:36,919 Speaker 12: I think it's a really serious thing to have a 484 00:25:36,960 --> 00:25:41,760 Speaker 12: foreign dictatorship in charge of a major US sports league. 485 00:25:42,240 --> 00:25:46,480 Speaker 12: This is a watershed moment, and I think we need 486 00:25:46,520 --> 00:25:47,879 Speaker 12: to treat it as such. 487 00:25:48,640 --> 00:25:49,639 Speaker 2: Listen, let's be honest. 488 00:25:49,800 --> 00:25:52,760 Speaker 12: The Saudi's aren't buying the PGA because they love golf. 489 00:25:53,480 --> 00:25:56,960 Speaker 12: They're buying the PGA because, I don't know, they want 490 00:25:57,000 --> 00:26:06,280 Speaker 12: to erase their dizzying campaign of political repression, and it's disappointing. 491 00:26:05,720 --> 00:26:08,440 Speaker 3: Well to that end, Actually, the story gets into two reasons. 492 00:26:09,800 --> 00:26:14,440 Speaker 3: Two reasons. Crown Prince Mohammed bin Salman is pursuing this, 493 00:26:14,680 --> 00:26:18,440 Speaker 3: a lot of money involved here at home. The goal 494 00:26:18,480 --> 00:26:21,720 Speaker 3: is to improve lifestyles, give some entertainment for the young 495 00:26:21,760 --> 00:26:27,560 Speaker 3: people who struggled under the restrictions of previous regimes abroad. 496 00:26:27,720 --> 00:26:30,560 Speaker 3: That's where the soft power comes in, not to change 497 00:26:30,560 --> 00:26:35,159 Speaker 3: the kingdom's reputation, which of course has been pretty awful. Warren, Yemen, 498 00:26:35,440 --> 00:26:39,760 Speaker 3: Jamal Kashogi, the Opek stuff. But what about the anti 499 00:26:39,800 --> 00:26:42,840 Speaker 3: trust angle? Senator Dick Blumenthal of Connecticut. 500 00:26:42,440 --> 00:26:45,720 Speaker 13: There's an ongoing Department of Just Investigation. I would intend 501 00:26:45,800 --> 00:26:48,399 Speaker 13: to find focus in it, not only on the anti 502 00:26:48,440 --> 00:26:52,840 Speaker 13: trust issues, but also on the potential foreign registration questions. 503 00:26:52,920 --> 00:26:55,040 Speaker 3: You do wonder if Congress will even remember this in 504 00:26:55,040 --> 00:26:57,320 Speaker 3: two days. Let's reassemble the panel for their take on it. 505 00:26:57,320 --> 00:26:59,560 Speaker 3: It's a cultural issue, it's a political one, and it's 506 00:26:59,680 --> 00:27:02,919 Speaker 3: death a financial one. Lisa Camuso Miller is with US 507 00:27:02,960 --> 00:27:07,320 Speaker 3: Republican strategist along with Democratic strategist Jim Kessler. What's your 508 00:27:07,359 --> 00:27:11,000 Speaker 3: thought here, Jim. We just heard largely from Democrats. We 509 00:27:11,040 --> 00:27:13,160 Speaker 3: actually caught up with Josh Holly as well, who gave 510 00:27:13,200 --> 00:27:15,000 Speaker 3: it a bit of a hoe. Hum. Does this end 511 00:27:15,080 --> 00:27:18,600 Speaker 3: up being a partisan issue in Washington and does anything change? 512 00:27:19,960 --> 00:27:22,480 Speaker 9: I think it's possible that this could be a partisan issue, 513 00:27:22,480 --> 00:27:26,120 Speaker 9: and I look, the subtext on this is that this 514 00:27:26,240 --> 00:27:31,000 Speaker 9: fight between Live and the PGA tour you know at 515 00:27:31,359 --> 00:27:35,840 Speaker 9: has divided the golf world and for the first time 516 00:27:36,000 --> 00:27:39,640 Speaker 9: golf has really been involved in a political debate, which 517 00:27:39,680 --> 00:27:43,600 Speaker 9: is not normal for that sport. It has avoided it 518 00:27:44,119 --> 00:27:50,840 Speaker 9: studiously throughout its I don't know, one hundred year career there. 519 00:27:50,920 --> 00:27:55,600 Speaker 9: So Look, the thing about the antitrust fight is the 520 00:27:55,680 --> 00:27:59,159 Speaker 9: legal system is going to sort this out. There's a 521 00:27:59,200 --> 00:28:02,320 Speaker 9: political side to it as well, and I expect that 522 00:28:02,320 --> 00:28:06,159 Speaker 9: you're going to hear particularly Democrats talking about antitrust in 523 00:28:06,200 --> 00:28:11,120 Speaker 9: this instance, in part because Democrats look at antitrust as 524 00:28:11,160 --> 00:28:13,960 Speaker 9: a solution to a lot of issues that they have 525 00:28:14,040 --> 00:28:17,240 Speaker 9: differences with businesses here. So in this way PGA and 526 00:28:17,320 --> 00:28:18,560 Speaker 9: LIM it's not unique. 527 00:28:19,560 --> 00:28:21,600 Speaker 3: There's a lot we could talk about here, Lisa. But 528 00:28:21,680 --> 00:28:26,640 Speaker 3: the idea of projecting soft power through while it's global, 529 00:28:26,720 --> 00:28:29,720 Speaker 3: something that people see, as you know, a largely American pastime, 530 00:28:29,760 --> 00:28:32,800 Speaker 3: the PGA. Even President Biden last night said he was 531 00:28:32,840 --> 00:28:36,800 Speaker 3: going to join the PGA. There's a lot here and 532 00:28:36,840 --> 00:28:39,440 Speaker 3: it makes me wonder. You know, your thoughts on Saudi 533 00:28:39,440 --> 00:28:43,360 Speaker 3: Arabia as the pariah of the world, as the aforementioned 534 00:28:43,560 --> 00:28:45,160 Speaker 3: Joe Biden once called them. 535 00:28:46,400 --> 00:28:49,360 Speaker 8: Yeah, I mean, you know, Joe, this is this is sportswashing. 536 00:28:49,400 --> 00:28:51,040 Speaker 8: I mean, this is what we're seeing, and it's happening, 537 00:28:51,120 --> 00:28:53,200 Speaker 8: not just with the Saudis. I mean you saw it 538 00:28:53,200 --> 00:28:55,760 Speaker 8: with the World Cup and Cutter hosting that. I mean, 539 00:28:56,040 --> 00:28:58,840 Speaker 8: there's a lot of movement in these countries that are 540 00:28:58,880 --> 00:29:03,280 Speaker 8: trying to clear their name and put themselves at a 541 00:29:03,440 --> 00:29:08,000 Speaker 8: position where they are better regarded and the globe. I 542 00:29:08,040 --> 00:29:10,760 Speaker 8: think this is very difficult for them to do. But 543 00:29:10,920 --> 00:29:14,040 Speaker 8: certainly having as much money as they've had, and as 544 00:29:14,120 --> 00:29:16,720 Speaker 8: much money as if they've offered up into this agreement, 545 00:29:16,760 --> 00:29:20,040 Speaker 8: I mean that to me alone, is very dangerous. The 546 00:29:20,080 --> 00:29:22,760 Speaker 8: discussion about antitrust, though, Joe, I mean that to me, 547 00:29:22,920 --> 00:29:24,600 Speaker 8: I don't think it has a lot of teeth. I mean, 548 00:29:25,680 --> 00:29:27,960 Speaker 8: you and I both have teenagers, and we both know 549 00:29:28,120 --> 00:29:32,040 Speaker 8: that Taylor Swift and the access to tickets alone in 550 00:29:32,120 --> 00:29:34,640 Speaker 8: the Ticketmaster scandal was just when we were talking about 551 00:29:34,640 --> 00:29:37,880 Speaker 8: three weeks ago, and now there's nothing on that as well. 552 00:29:37,920 --> 00:29:41,720 Speaker 8: And we talked before that about TikTok, and I just 553 00:29:41,720 --> 00:29:44,280 Speaker 8: don't think Congress has the teeth to cut into something 554 00:29:44,360 --> 00:29:46,720 Speaker 8: like this in a way that they'd like to. So, yeah, 555 00:29:46,760 --> 00:29:49,560 Speaker 8: I think it will be something that's decided in the courts. 556 00:29:49,600 --> 00:29:51,560 Speaker 8: Whether or not they take it up is going to 557 00:29:51,560 --> 00:29:54,400 Speaker 8: be the next question. But this alone is one that 558 00:29:54,480 --> 00:29:57,000 Speaker 8: I think. It's very much in the face of the 559 00:29:57,040 --> 00:30:00,320 Speaker 8: people that stood by and stood loyal and did go 560 00:30:00,480 --> 00:30:03,080 Speaker 8: to live, the ones who stayed behind with the PGA 561 00:30:03,440 --> 00:30:05,880 Speaker 8: who said that it was wrong to go and do 562 00:30:05,960 --> 00:30:08,680 Speaker 8: business with the Saudis. It's those that really are I 563 00:30:08,720 --> 00:30:11,080 Speaker 8: think the ones who probably are feeling at the most 564 00:30:11,120 --> 00:30:11,680 Speaker 8: on this day. 565 00:30:12,640 --> 00:30:15,920 Speaker 3: Yeah, I'll tell you something. I mean, there's a lot here. 566 00:30:16,200 --> 00:30:19,000 Speaker 3: Remember that even the victims of families of the nine 567 00:30:19,000 --> 00:30:21,640 Speaker 3: to eleven victims got involved in this. When the PGA 568 00:30:21,760 --> 00:30:25,760 Speaker 3: responded with a very expensive lawsuit threatened to see the 569 00:30:25,800 --> 00:30:28,680 Speaker 3: boss here subpoena in a US court, the boss of 570 00:30:29,440 --> 00:30:32,320 Speaker 3: pif the public investment fund that comes up with this money, 571 00:30:32,320 --> 00:30:34,600 Speaker 3: did you call it sports whitewashing, Lisa, did I hear 572 00:30:34,640 --> 00:30:34,960 Speaker 3: you right? 573 00:30:35,800 --> 00:30:36,600 Speaker 8: Sports washing? 574 00:30:36,680 --> 00:30:39,840 Speaker 3: Yeah, sports washing. So they actually at one point went 575 00:30:39,880 --> 00:30:44,240 Speaker 3: after or considered going after F one. Jim, what sport 576 00:30:44,320 --> 00:30:44,760 Speaker 3: is next? 577 00:30:46,160 --> 00:30:49,560 Speaker 9: Well, people are talking about possibly tennis because it has 578 00:30:50,160 --> 00:30:53,120 Speaker 9: in some ways some of the same structure as the 579 00:30:53,160 --> 00:30:56,280 Speaker 9: PGA Tour. But look, I think we have to remember 580 00:30:56,280 --> 00:30:59,640 Speaker 9: that the US relationship with Saudi Arabia is a very 581 00:30:59,640 --> 00:31:03,240 Speaker 9: compli caid relationship, and we lean on Saudi Arabia on 582 00:31:03,320 --> 00:31:06,240 Speaker 9: a whole series of things, and we separate on a 583 00:31:06,280 --> 00:31:09,000 Speaker 9: whole series of things. And if you look at sort 584 00:31:09,040 --> 00:31:11,440 Speaker 9: of the shape of the world today compared to where 585 00:31:11,440 --> 00:31:13,920 Speaker 9: it was ten years ago, well, we have a very 586 00:31:13,920 --> 00:31:16,840 Speaker 9: different view of Russia than we did ten years ago. 587 00:31:17,040 --> 00:31:19,280 Speaker 9: We have a different view of Ukraine than ten years ago, 588 00:31:19,840 --> 00:31:21,560 Speaker 9: and we have a different view of China than we 589 00:31:21,560 --> 00:31:25,080 Speaker 9: did ten years ago. So we are now seeing a 590 00:31:25,160 --> 00:31:32,560 Speaker 9: reordering of alliances and enemies. And there's a whole bunch 591 00:31:32,600 --> 00:31:36,120 Speaker 9: of nations that fall into that in between gray zone 592 00:31:37,000 --> 00:31:40,480 Speaker 9: and this Saudi Arabia is one of them, and this 593 00:31:40,560 --> 00:31:42,080 Speaker 9: is going to be complicated to. 594 00:31:42,040 --> 00:31:43,920 Speaker 3: Get a Republican voice on this. By the way, we 595 00:31:43,920 --> 00:31:45,640 Speaker 3: did catch up with Senator Josh Hollin. 596 00:31:45,640 --> 00:31:47,959 Speaker 14: I don't know what the anti trust ramifications would be, 597 00:31:48,080 --> 00:31:49,600 Speaker 14: so i'd want to look at that. Yeah, I don't 598 00:31:49,600 --> 00:31:53,440 Speaker 14: have concerns otherwise, but I'm not a huge. 599 00:31:53,160 --> 00:31:56,240 Speaker 3: Follow up golf. I will say, God of big golf, I've. 600 00:31:56,120 --> 00:31:57,760 Speaker 14: Never been any I've never been any good at it. 601 00:31:58,200 --> 00:32:00,920 Speaker 14: But anyway, I'll look at the nis point on answers RUSS, 602 00:32:00,920 --> 00:32:02,320 Speaker 14: so I would think about that. 603 00:32:02,440 --> 00:32:05,239 Speaker 3: Remarkably different reactions from both sides of the aisle, at 604 00:32:05,320 --> 00:32:08,360 Speaker 3: least in our experience today on the hill. Some final 605 00:32:08,400 --> 00:32:11,040 Speaker 3: thoughts ahead with our great panel, Lisa and Jim with 606 00:32:11,160 --> 00:32:13,520 Speaker 3: us here on the fastest show in politics. I'm Joe, 607 00:32:13,520 --> 00:32:19,320 Speaker 3: Matthew and Washington. This is Bloomberg. You're listening to the 608 00:32:19,360 --> 00:32:23,520 Speaker 3: Bloomberg Sound on podcast. Catch the program live weekdays at 609 00:32:23,520 --> 00:32:27,040 Speaker 3: one Eastern on Bloomberg Radio, the tune in app, Bloomberg 610 00:32:27,120 --> 00:32:27,920 Speaker 3: dot Com, and. 611 00:32:27,880 --> 00:32:29,240 Speaker 2: The Bloomberg Business App. 612 00:32:29,360 --> 00:32:32,200 Speaker 1: You can also listen live on Amazon Alexa from our 613 00:32:32,240 --> 00:32:36,720 Speaker 1: flagship New York station, Just Say Alexa played Bloomberg eleven thirty. 614 00:32:37,880 --> 00:32:40,920 Speaker 3: We heard earlier this hour from Senator Richard Blumenthal of 615 00:32:40,920 --> 00:32:43,360 Speaker 3: Connecticut on his anti trust concerns over the marriage of 616 00:32:43,400 --> 00:32:45,600 Speaker 3: PGA and live Golf. We just talked about this with 617 00:32:45,680 --> 00:32:49,560 Speaker 3: the panel. The former Attorney General of Connecticut is no 618 00:32:49,600 --> 00:32:52,240 Speaker 3: stranger to anti trust issues. He actually helped to work 619 00:32:52,240 --> 00:32:55,960 Speaker 3: the government's case against Microsoft over twenty years ago. In fact, 620 00:32:55,960 --> 00:32:59,480 Speaker 3: it was this very day, way back in the year 621 00:32:59,480 --> 00:33:03,760 Speaker 3: two thousand, but the Justice Department brief reporters on this 622 00:33:03,920 --> 00:33:08,280 Speaker 3: ruling by then a US district judge Thomas Pinfield Jackson. 623 00:33:08,280 --> 00:33:11,880 Speaker 3: Remember that name. The ruling to break Microsoft in two 624 00:33:12,640 --> 00:33:15,480 Speaker 3: and on that stage was Richard Blumenthal. 625 00:33:15,560 --> 00:33:20,040 Speaker 15: Microsoft is a monopoly. It's misused that monopoly. It's harm consumers. 626 00:33:20,600 --> 00:33:23,240 Speaker 15: Corrective action must be taken, and it ought to rely 627 00:33:23,320 --> 00:33:26,600 Speaker 15: on the free market, not on the continual policing or 628 00:33:26,640 --> 00:33:31,360 Speaker 15: interference of a defendant that lacks credibility and is likely 629 00:33:31,440 --> 00:33:33,280 Speaker 15: to repeat that misconduct. 630 00:33:33,440 --> 00:33:35,680 Speaker 3: Man, that was a big story in Washington. If you 631 00:33:35,720 --> 00:33:38,040 Speaker 3: can remember, then maybe you'll live through it. Fast forward 632 00:33:38,080 --> 00:33:42,000 Speaker 3: to today, the FTC is suing yes, Microsoft over its 633 00:33:42,040 --> 00:33:46,560 Speaker 3: acquisition of Activision. Final thoughts from our panel here, Jim Kesler, 634 00:33:46,840 --> 00:33:48,360 Speaker 3: what do we learn here? What does this teach us 635 00:33:48,400 --> 00:33:50,320 Speaker 3: if we're still having the same conversation about the same 636 00:33:50,360 --> 00:33:51,680 Speaker 3: company twenty three years later. 637 00:33:53,600 --> 00:33:56,480 Speaker 9: Well, Microsoft seems to be doing awfully well, so I 638 00:33:56,520 --> 00:33:59,880 Speaker 9: mean I expect that they will. You know, I know 639 00:34:00,080 --> 00:34:03,600 Speaker 9: that there have been divided rulings in Europe. I can't 640 00:34:03,640 --> 00:34:06,480 Speaker 9: predict what's going to happen in this case, but I'm 641 00:34:06,480 --> 00:34:09,360 Speaker 9: sure Microsoft will come out doing well. 642 00:34:09,880 --> 00:34:13,319 Speaker 3: This administration, Lisa has been accused of just going over 643 00:34:13,320 --> 00:34:16,359 Speaker 3: the top when it comes to antitrust. Do you see 644 00:34:16,360 --> 00:34:16,799 Speaker 3: it that way? 645 00:34:19,320 --> 00:34:21,239 Speaker 8: Well, you know, I do think that there is a 646 00:34:21,239 --> 00:34:24,040 Speaker 8: lot to be uncovered there. What's difficult though, is that 647 00:34:24,080 --> 00:34:26,799 Speaker 8: when Washington tries to do this now, twenty years ago, 648 00:34:26,960 --> 00:34:28,920 Speaker 8: Washington worked a lot different Joe, and now if you 649 00:34:28,960 --> 00:34:31,279 Speaker 8: think about it twenty three years later, there are so 650 00:34:31,360 --> 00:34:34,239 Speaker 8: many conversations about anti trust that go almost nowhere. It 651 00:34:34,280 --> 00:34:37,240 Speaker 8: feels as if whereas back then that was a huge 652 00:34:37,440 --> 00:34:38,320 Speaker 8: landmark decision. 653 00:34:38,400 --> 00:34:39,920 Speaker 7: So it'll be interesting to see. 654 00:34:40,400 --> 00:34:42,120 Speaker 8: But I do think that there is a lot to 655 00:34:42,160 --> 00:34:44,200 Speaker 8: be questioned, and it is good not only on the 656 00:34:44,200 --> 00:34:46,400 Speaker 8: Republican but also on the Democrat side to ask these 657 00:34:46,480 --> 00:34:49,000 Speaker 8: questions in a way to make sure that competition is 658 00:34:49,400 --> 00:34:51,840 Speaker 8: still in place and that the market is dictating it. 659 00:34:52,520 --> 00:34:55,839 Speaker 3: Great conversation, as always with a great panel. Lisa Camusa Miller, 660 00:34:55,920 --> 00:34:59,080 Speaker 3: former RNC Communications director now at RESET Public Affairs, and 661 00:34:59,120 --> 00:35:01,359 Speaker 3: our friend Jim Kessl, the co founder of Third Way. 662 00:35:01,840 --> 00:35:03,799 Speaker 3: Thanks for the time as ever, Kaylee Lines on the 663 00:35:03,840 --> 00:35:06,399 Speaker 3: way in next hour two of sound On starts now. 664 00:35:07,600 --> 00:35:11,120 Speaker 1: You're listening to the Bloomberg Sound On podcast. Catch us 665 00:35:11,160 --> 00:35:14,319 Speaker 1: live weekdays at one Eastern on Bloomberg dot com, the 666 00:35:14,400 --> 00:35:17,000 Speaker 1: iHeartRadio app and the Bloomberg Business app. 667 00:35:17,000 --> 00:35:19,520 Speaker 2: Or listen on demand wherever you get your podcasts. 668 00:35:20,080 --> 00:35:22,919 Speaker 3: Welcome to our two of Bloomberg Sound On. I'm Joe 669 00:35:22,920 --> 00:35:27,040 Speaker 3: Matthew in Washington, along with Kaylee Lines, fresh off Capitol 670 00:35:27,120 --> 00:35:33,400 Speaker 3: Hill with a great headline Killy from Libby Cantrill in 671 00:35:33,480 --> 00:35:36,240 Speaker 3: her note to investors, the kidney stone has passed. 672 00:35:37,760 --> 00:35:38,759 Speaker 10: I hadn't been waiting for it. 673 00:35:38,840 --> 00:35:40,839 Speaker 3: Yeah, we had to bring this full circle. She says, 674 00:35:40,840 --> 00:35:42,960 Speaker 3: it passed without that much pain. I'm not sure if 675 00:35:43,000 --> 00:35:46,279 Speaker 3: you ask everyone, they'd give you that same answer. Chip 676 00:35:46,360 --> 00:35:48,920 Speaker 3: Roy might still be smart in a little bit. Yeah, 677 00:35:48,920 --> 00:35:50,920 Speaker 3: but we're of course talking about the debt ceiling, and 678 00:35:50,960 --> 00:35:54,080 Speaker 3: we had some great conversations with Libby along the way. Here, 679 00:35:54,120 --> 00:35:57,160 Speaker 3: the managing director head of Public Policy at PIMCO, who 680 00:35:57,239 --> 00:35:59,080 Speaker 3: did li Liken it to the passing of a kidney stone, 681 00:35:59,120 --> 00:36:01,920 Speaker 3: and the question is what happened now? And Libby is 682 00:36:02,200 --> 00:36:05,040 Speaker 3: helping us go there. Chris, we're already on twenty twenty four. 683 00:36:05,080 --> 00:36:06,880 Speaker 3: That was sort of the immediate pivot for the newsroom 684 00:36:06,920 --> 00:36:09,680 Speaker 3: at large. Here, i'd say, in Washington, Chris Christy with 685 00:36:09,760 --> 00:36:12,560 Speaker 3: the town hall last night, Mike Pence announcing in Iowa 686 00:36:12,600 --> 00:36:16,640 Speaker 3: this afternoon, Doug Bergham by God announcing as well, the 687 00:36:16,640 --> 00:36:19,160 Speaker 3: place left that one. Joe, Yeah, I mean have you 688 00:36:19,200 --> 00:36:20,160 Speaker 3: seen all the commercials? 689 00:36:20,360 --> 00:36:20,640 Speaker 10: Yes? 690 00:36:20,680 --> 00:36:22,720 Speaker 3: Because this is you know where we're going here, and everyone, 691 00:36:22,960 --> 00:36:28,360 Speaker 3: I guess wants to be Ronald Reagan, Mike Pence, the Land. 692 00:36:28,160 --> 00:36:31,120 Speaker 6: Of Opportunity, Doug Burd beacon of Demo. 693 00:36:33,520 --> 00:36:38,160 Speaker 3: Feels so good, already waking up to its leastizing Dad 694 00:36:38,200 --> 00:36:41,759 Speaker 3: died when fourteen strange choice of first line, but now 695 00:36:41,840 --> 00:36:43,719 Speaker 3: so now the question is can anybody make a dent? 696 00:36:44,560 --> 00:36:47,359 Speaker 3: Chris Christy doing it his own way with his town 697 00:36:47,400 --> 00:36:51,880 Speaker 3: hall last night, where he repeatedly attacked Donald Trump over everything, 698 00:36:52,080 --> 00:36:55,520 Speaker 3: including the nation's debt. Did you hear this reason? 699 00:36:55,600 --> 00:36:57,640 Speaker 4: This is going to be different this time, sir. It 700 00:36:57,680 --> 00:37:01,239 Speaker 4: is because at least one of us is gonna call 701 00:37:01,400 --> 00:37:04,360 Speaker 4: him on the fact that eight years ago he stood 702 00:37:04,400 --> 00:37:06,439 Speaker 4: on the station New Hampshire and said he was gonna 703 00:37:06,440 --> 00:37:10,759 Speaker 4: balance the budget in four years and he left with 704 00:37:10,880 --> 00:37:14,480 Speaker 4: the biggest deficit of any president in American history. 705 00:37:14,520 --> 00:37:16,080 Speaker 3: That was one of the nicest things he said about 706 00:37:16,120 --> 00:37:16,680 Speaker 3: him last night. 707 00:37:16,760 --> 00:37:21,000 Speaker 16: Yeah, he definitely didn't mince words, Joe, and it kind 708 00:37:21,080 --> 00:37:23,840 Speaker 16: of speaks to this whole idea of the kamikaze candidate, 709 00:37:23,920 --> 00:37:26,640 Speaker 16: like he's just in this thing to knock Donald Trump 710 00:37:26,719 --> 00:37:28,520 Speaker 16: down as many pegs as he possibly can. 711 00:37:28,560 --> 00:37:30,799 Speaker 10: He did, though, push back against that idea last night. 712 00:37:30,920 --> 00:37:32,440 Speaker 3: He did. Let's hear how he put it in. 713 00:37:32,440 --> 00:37:33,680 Speaker 4: You know, I love this. I've seen some of the 714 00:37:33,680 --> 00:37:37,560 Speaker 4: press coverage of me getting ready to run, and there's 715 00:37:37,600 --> 00:37:40,080 Speaker 4: this thing like Christie doesn't really care about winning. Well, 716 00:37:40,120 --> 00:37:43,200 Speaker 4: he cares what doing is destroying Trump. Now, let me 717 00:37:43,239 --> 00:37:46,600 Speaker 4: ask you something, how are those two things mutually exclusive? 718 00:37:49,200 --> 00:37:52,360 Speaker 3: I mean seriously, So he's going for the winn. He 719 00:37:52,400 --> 00:37:55,760 Speaker 3: says the only lane is through Trump and there's probably 720 00:37:55,800 --> 00:37:58,480 Speaker 3: something to that. Well, Olivy's adding a couple of more 721 00:37:58,560 --> 00:38:00,359 Speaker 3: names here, you know, well, at least one more who 722 00:38:00,400 --> 00:38:02,920 Speaker 3: hasn't filed yet. Can we bring Libby in Libby Cantrell 723 00:38:02,960 --> 00:38:06,239 Speaker 3: from Dimco. Welcome back, Leby. It's great to have you. 724 00:38:06,840 --> 00:38:08,879 Speaker 3: Is the governor of Virginia jumping in here too. 725 00:38:09,400 --> 00:38:11,640 Speaker 7: Yeah, Hi, I can't. 726 00:38:11,719 --> 00:38:13,680 Speaker 17: That's want to you know, first start up by saying 727 00:38:13,680 --> 00:38:16,279 Speaker 17: how much I appreciate the fact that you continue my 728 00:38:17,400 --> 00:38:18,160 Speaker 17: stone analogy. 729 00:38:18,600 --> 00:38:19,480 Speaker 3: We had to see it through. 730 00:38:20,320 --> 00:38:22,680 Speaker 17: I know, we really, we really did, and it was 731 00:38:22,760 --> 00:38:25,239 Speaker 17: very absent, and I would I do. I do stand 732 00:38:25,280 --> 00:38:27,759 Speaker 17: by the fact that it passed without that too much pain, 733 00:38:28,000 --> 00:38:30,879 Speaker 17: a lot of hysteria, but not but not actually too 734 00:38:30,960 --> 00:38:33,800 Speaker 17: much fundamental pain, and certainly not paining to the economy 735 00:38:33,880 --> 00:38:35,280 Speaker 17: or to or to the equity market. 736 00:38:35,360 --> 00:38:35,839 Speaker 3: Sure enough. 737 00:38:36,320 --> 00:38:39,040 Speaker 7: Yeah, so Glenn Young, I mean, yeah, it is. As 738 00:38:39,080 --> 00:38:41,360 Speaker 7: you know, Joe, he's been pretty coy. 739 00:38:41,840 --> 00:38:45,879 Speaker 17: He sort of originally, you know, has said that he's 740 00:38:45,960 --> 00:38:50,640 Speaker 17: not going to run, but then most recently has indicated that, 741 00:38:50,800 --> 00:38:52,240 Speaker 17: you know, maybe maybe he will. 742 00:38:52,120 --> 00:38:52,880 Speaker 7: Jump in the race. 743 00:38:53,320 --> 00:38:55,600 Speaker 17: I think I think that you know, and and and 744 00:38:56,920 --> 00:38:59,239 Speaker 17: were eager to hear your analysis. But I think our 745 00:38:59,280 --> 00:39:04,160 Speaker 17: of you here is that this is really looking could 746 00:39:04,160 --> 00:39:08,200 Speaker 17: look a lot like twenty sixteen, and that you have a. 747 00:39:09,800 --> 00:39:10,840 Speaker 7: Very crowded field. 748 00:39:10,920 --> 00:39:14,880 Speaker 17: You know, already a dozen folks who have declared their candidacy, 749 00:39:14,920 --> 00:39:17,800 Speaker 17: and probably a few more by the time that is 750 00:39:17,880 --> 00:39:20,160 Speaker 17: sort of all said and done, and then you have 751 00:39:20,400 --> 00:39:25,160 Speaker 17: President Trump still getting a plurality of support among the 752 00:39:25,200 --> 00:39:27,760 Speaker 17: Republican Party, not really a majority, if you know, according 753 00:39:27,800 --> 00:39:31,160 Speaker 17: to according to recent poles, but still a plurality. And 754 00:39:31,760 --> 00:39:34,160 Speaker 17: not to get kind of into the nuances very quickly here, 755 00:39:34,200 --> 00:39:37,239 Speaker 17: but in terms of the structure of the Republican primary, 756 00:39:37,760 --> 00:39:38,520 Speaker 17: that matters. 757 00:39:38,640 --> 00:39:38,759 Speaker 4: Right. 758 00:39:38,800 --> 00:39:42,319 Speaker 17: A crowded field with President Trump getting a plurality of 759 00:39:42,360 --> 00:39:45,600 Speaker 17: the vote means that he likely you know, could be 760 00:39:45,680 --> 00:39:48,480 Speaker 17: the nominee just because of that winner take all dynamics 761 00:39:48,480 --> 00:39:50,560 Speaker 17: that we've talked about. If you're winning kind of the 762 00:39:50,600 --> 00:39:52,640 Speaker 17: most votes, even if you're not winning the majority of 763 00:39:52,680 --> 00:39:55,359 Speaker 17: votes in many of these Republican states, you get all 764 00:39:55,400 --> 00:39:58,440 Speaker 17: of the delegates, this kind of winner take all dynamic, 765 00:39:58,480 --> 00:40:01,839 Speaker 17: and so you're, you know, his runway, if you will, 766 00:40:01,960 --> 00:40:05,399 Speaker 17: to sort of the nomination becomes I think a lot 767 00:40:05,520 --> 00:40:08,120 Speaker 17: a lot smoother. So I mean, again we're what we're 768 00:40:08,120 --> 00:40:10,799 Speaker 17: telling clients, it's very early days, but it does feel 769 00:40:10,880 --> 00:40:13,279 Speaker 17: like at leads out of now and it definitely has 770 00:40:13,360 --> 00:40:15,320 Speaker 17: echoes of twenty sixteen. 771 00:40:15,880 --> 00:40:17,759 Speaker 16: I mean, it is early days, Libby, but it's not 772 00:40:17,840 --> 00:40:19,560 Speaker 16: that early. I mean, two months from now, we're going 773 00:40:19,640 --> 00:40:22,560 Speaker 16: to be gearing up for the first Republican presidential debate 774 00:40:22,560 --> 00:40:26,680 Speaker 16: in Milwaukee, which Donald Trump may not attend, it seems, 775 00:40:26,719 --> 00:40:29,520 Speaker 16: but isn't the clock kind of running out here for 776 00:40:29,560 --> 00:40:31,560 Speaker 16: anyone else he wants to get in? Governor Youngkin or 777 00:40:31,600 --> 00:40:32,120 Speaker 16: someone else. 778 00:40:32,800 --> 00:40:34,839 Speaker 17: Yeah, So I mean that's you know, that, that's right, 779 00:40:35,080 --> 00:40:37,640 Speaker 17: and we've we're trying to sort of, you know, direct our. 780 00:40:37,520 --> 00:40:39,440 Speaker 7: Clients to these you know, guide posts. 781 00:40:39,480 --> 00:40:42,399 Speaker 17: So August twenty third is going to be the first 782 00:40:42,480 --> 00:40:45,799 Speaker 17: Republican debate. The RNC has indicated then there will be 783 00:40:45,880 --> 00:40:50,640 Speaker 17: monthly debates between then and you know, February fifth, which 784 00:40:50,680 --> 00:40:54,400 Speaker 17: is the first Republican primary as a caucus as you know, 785 00:40:54,480 --> 00:40:56,719 Speaker 17: but for all intents and purposes, it's the first time 786 00:40:56,760 --> 00:40:58,600 Speaker 17: folks are voting for the Republican. 787 00:41:00,200 --> 00:41:00,719 Speaker 7: Nomination. 788 00:41:01,239 --> 00:41:04,880 Speaker 17: And now I think effectively the really the last possible 789 00:41:05,160 --> 00:41:08,239 Speaker 17: date that a candidate can get into the race is November. 790 00:41:08,840 --> 00:41:11,320 Speaker 17: That is because that is when all of these state 791 00:41:11,440 --> 00:41:15,239 Speaker 17: filing deadlines begin, and presumably anybody who has a chance 792 00:41:15,239 --> 00:41:18,360 Speaker 17: that the nomination will be on all fifty state ballots 793 00:41:18,400 --> 00:41:21,319 Speaker 17: and so November effectively is kind of the last possibly, so, 794 00:41:21,600 --> 00:41:23,960 Speaker 17: I mean it is, it's you know, getting closer to that. 795 00:41:24,080 --> 00:41:26,480 Speaker 17: But obviously it's still a lot of a lot of 796 00:41:26,520 --> 00:41:29,239 Speaker 17: time for all of this to shake out. But I 797 00:41:29,239 --> 00:41:32,440 Speaker 17: think we would presume that by that first debate you 798 00:41:32,560 --> 00:41:34,719 Speaker 17: probably will have a pretty good sense of what the 799 00:41:34,760 --> 00:41:38,080 Speaker 17: field is going to look like going going into the 800 00:41:38,080 --> 00:41:38,800 Speaker 17: primary battle. 801 00:41:39,040 --> 00:41:41,160 Speaker 3: I was talking earlier, Livia about what the field looked 802 00:41:41,239 --> 00:41:44,399 Speaker 3: like this time two cycles ago. So twenty fifteen, going 803 00:41:44,400 --> 00:41:49,560 Speaker 3: into sixteen, Scott Walker was leading all of the national polls, 804 00:41:50,560 --> 00:41:53,400 Speaker 3: Doctor Ben Carson was somewhere in the middle. Donald Trump 805 00:41:53,480 --> 00:41:56,320 Speaker 3: was last with like four percent. He was being laughed 806 00:41:56,360 --> 00:41:58,359 Speaker 3: at for being in the single digits. People couldn't even 807 00:41:58,360 --> 00:42:01,920 Speaker 3: believe he was running. How much does that inform the 808 00:42:02,000 --> 00:42:04,920 Speaker 3: race in this case? You already made one comparison, But 809 00:42:05,000 --> 00:42:07,120 Speaker 3: these things can change a lot from what we seem 810 00:42:07,200 --> 00:42:09,600 Speaker 3: to think is kind of already baked ahead of the 811 00:42:09,640 --> 00:42:10,240 Speaker 3: first debate. 812 00:42:11,040 --> 00:42:11,839 Speaker 7: Yeah, again, and. 813 00:42:11,760 --> 00:42:14,239 Speaker 17: This is and again, this is also a message that 814 00:42:14,280 --> 00:42:16,840 Speaker 17: we're trying to It is in part on our clients 815 00:42:16,840 --> 00:42:20,319 Speaker 17: that it is still very early days, particularly when you're 816 00:42:20,360 --> 00:42:23,560 Speaker 17: looking at the polling. As you said, the polling that 817 00:42:23,640 --> 00:42:25,920 Speaker 17: beata back in sort of the twenty sixteen cycle. At 818 00:42:25,920 --> 00:42:28,160 Speaker 17: this point in twenty fifteen, Scott Walker and then jud 819 00:42:28,239 --> 00:42:31,240 Speaker 17: Bush was right behind him, I believe. In two thousand 820 00:42:31,239 --> 00:42:33,759 Speaker 17: and eight it was Rudy Giuliani was leading with a 821 00:42:33,760 --> 00:42:37,719 Speaker 17: big lead with over McCain, and twenty twelve it was 822 00:42:37,840 --> 00:42:40,840 Speaker 17: you know, Ram Paul who was looking like he was 823 00:42:40,880 --> 00:42:44,000 Speaker 17: doing quite well. So I would say that the polling 824 00:42:44,280 --> 00:42:47,560 Speaker 17: is really not predictive at this point in the cycle. 825 00:42:48,400 --> 00:42:51,440 Speaker 17: Of course national polling, not even state poling, So that 826 00:42:51,480 --> 00:42:54,320 Speaker 17: makes it I think even less predictive and less relevant. 827 00:42:55,120 --> 00:42:57,520 Speaker 17: You know, I think that the elector will likely start 828 00:42:57,520 --> 00:43:01,200 Speaker 17: focusing on this after those debate, so, you know, come 829 00:43:01,280 --> 00:43:04,040 Speaker 17: fall on school's back in the session, I think folks 830 00:43:04,080 --> 00:43:05,640 Speaker 17: are going to start to focus on that, and that's 831 00:43:05,640 --> 00:43:07,960 Speaker 17: when we've seen that the polling becomes a little bit 832 00:43:08,000 --> 00:43:12,239 Speaker 17: more predictive. But honestly, until folks start voting, when I 833 00:43:12,280 --> 00:43:14,560 Speaker 17: think that's when people should start focusing on the polls, 834 00:43:14,600 --> 00:43:17,840 Speaker 17: because before then it's just it's just pretty it's just 835 00:43:17,840 --> 00:43:20,880 Speaker 17: pretty noisy, particularly at the at the national level. 836 00:43:21,680 --> 00:43:24,440 Speaker 16: But when we're talking about kind of these primary politics 837 00:43:24,440 --> 00:43:27,400 Speaker 16: and all these different Republicans competing against each other. What 838 00:43:27,680 --> 00:43:31,480 Speaker 16: role does the other the candidate on the Democratic ticket, 839 00:43:32,040 --> 00:43:34,719 Speaker 16: current President Joe Biden play in this because you did 840 00:43:34,760 --> 00:43:38,000 Speaker 16: see in Pence's rollout video he did try and throw. 841 00:43:37,800 --> 00:43:40,160 Speaker 10: Some jobs at the seeded president. 842 00:43:42,880 --> 00:43:44,840 Speaker 17: Yeah, no, that's a I mean, I think that there 843 00:43:45,120 --> 00:43:46,680 Speaker 17: is that's going to be a strategy. 844 00:43:47,000 --> 00:43:47,200 Speaker 7: Yeah. 845 00:43:47,280 --> 00:43:49,960 Speaker 17: I think a lot of folks are, you know, fairly 846 00:43:50,040 --> 00:43:54,600 Speaker 17: or unfairly calling into question President Biden's age and especially 847 00:43:54,600 --> 00:43:57,400 Speaker 17: as age when he would take office again in a 848 00:43:57,440 --> 00:44:01,520 Speaker 17: second term, he would be eighty two, and a lot 849 00:44:01,520 --> 00:44:03,359 Speaker 17: of folks are trying to focus on, you know, his 850 00:44:03,440 --> 00:44:06,120 Speaker 17: running mate Kamala Harris too. You know, as you all know, 851 00:44:06,200 --> 00:44:08,880 Speaker 17: doesn't usually the VP doesn't usually get a lot of attention. 852 00:44:09,200 --> 00:44:11,000 Speaker 17: As you know, folks are at the top of the 853 00:44:11,040 --> 00:44:13,920 Speaker 17: ticket are really the motivator. But I think that the 854 00:44:13,960 --> 00:44:17,560 Speaker 17: Republicans are going to try to make Kamala Harris much 855 00:44:17,560 --> 00:44:20,680 Speaker 17: more of a centerpiece in terms of you know, their 856 00:44:20,920 --> 00:44:24,360 Speaker 17: you know, their narrative here. I think that for President Biden, 857 00:44:24,480 --> 00:44:27,279 Speaker 17: he's going to just try to emphasize all the things 858 00:44:27,360 --> 00:44:29,799 Speaker 17: he's doing in Washington or the debt ceiling deal may 859 00:44:29,800 --> 00:44:32,319 Speaker 17: not have been great for House Democrats, but pretty good 860 00:44:32,360 --> 00:44:35,600 Speaker 17: for him politically, I would argue he can point to 861 00:44:35,640 --> 00:44:38,880 Speaker 17: it as maybe a little bit more physically responsible as 862 00:44:38,960 --> 00:44:43,400 Speaker 17: working across the aisle, of course, avoiding defaults and what 863 00:44:43,560 --> 00:44:44,920 Speaker 17: have you. So I think you're going to hear a 864 00:44:44,920 --> 00:44:47,920 Speaker 17: lot of that kind of more positive messaging around He 865 00:44:48,040 --> 00:44:50,320 Speaker 17: is a president who can work across the aisle. 866 00:44:50,120 --> 00:44:51,560 Speaker 7: Who can get things done. 867 00:44:51,719 --> 00:44:53,480 Speaker 17: And then I also would say that you're going to 868 00:44:53,520 --> 00:44:56,160 Speaker 17: hear more of these social kind of cultural issues that 869 00:44:56,200 --> 00:44:58,120 Speaker 17: you've heard about in the in the midterms, particularly in 870 00:44:58,239 --> 00:45:00,040 Speaker 17: terms of abortion rights. I think that's going to be 871 00:45:00,080 --> 00:45:03,600 Speaker 17: a a big focus for Democrats and particular for the president. 872 00:45:03,800 --> 00:45:06,239 Speaker 3: We're spending time with Libby Cantrell from PIMCO, whose note 873 00:45:06,280 --> 00:45:08,560 Speaker 3: to clients makes it clear, go off and have a 874 00:45:08,600 --> 00:45:11,960 Speaker 3: summer for the foreseeable future, she writes, the August debate, 875 00:45:12,000 --> 00:45:14,240 Speaker 3: and that's why August twenty three, that's why we're circling 876 00:45:14,239 --> 00:45:18,520 Speaker 3: that on our calendars. For Wisconsin, that'll be the most 877 00:45:18,560 --> 00:45:21,440 Speaker 3: tangible inflection point this summer, Libby says. But even then, 878 00:45:21,520 --> 00:45:23,640 Speaker 3: voters will not start focusing on all of this until 879 00:45:24,160 --> 00:45:28,000 Speaker 3: much later on this year, which is why again Libby 880 00:45:28,000 --> 00:45:29,920 Speaker 3: nobody seems to think Donald Trump's going to show up 881 00:45:29,960 --> 00:45:34,319 Speaker 3: for that first debate, So if he's not there, does 882 00:45:34,360 --> 00:45:34,800 Speaker 3: it matter? 883 00:45:36,239 --> 00:45:36,399 Speaker 7: Yeah? 884 00:45:36,400 --> 00:45:38,839 Speaker 17: And honest and as you know, as you guys know, 885 00:45:39,000 --> 00:45:42,880 Speaker 17: I mean, just the qualifying criteria for that debate looks 886 00:45:42,880 --> 00:45:46,000 Speaker 17: like it's going to be more stringent than previous debates. 887 00:45:46,080 --> 00:45:49,319 Speaker 17: There's a polling threshold that candidates have to meet. Then 888 00:45:49,320 --> 00:45:51,719 Speaker 17: there's also a fundraising threshold, and that's actually I think 889 00:45:51,800 --> 00:45:59,719 Speaker 17: much more arguably onerous your forty thousand individual donation. And 890 00:45:59,760 --> 00:46:01,400 Speaker 17: then there's a you know that there's some sort of 891 00:46:01,440 --> 00:46:04,360 Speaker 17: threshold from from a state perspective as well. So I 892 00:46:04,360 --> 00:46:06,320 Speaker 17: think that is actually going to be a big obstacle 893 00:46:06,320 --> 00:46:08,279 Speaker 17: for a lot of folks to even qualify. So even 894 00:46:08,320 --> 00:46:11,120 Speaker 17: while we there are lots of names being thrown around 895 00:46:11,120 --> 00:46:13,640 Speaker 17: and folks getting into the race, whether they can actually 896 00:46:13,680 --> 00:46:15,960 Speaker 17: even make it to the debate stage, I think remains 897 00:46:16,040 --> 00:46:19,280 Speaker 17: an open question. And if you think about the rnc's motivation, 898 00:46:19,760 --> 00:46:22,200 Speaker 17: they want to narrow this race as quickly as possible, 899 00:46:22,280 --> 00:46:25,640 Speaker 17: so they don't really want to see a repeat of 900 00:46:25,680 --> 00:46:28,160 Speaker 17: the twenty sixteen cycle in many ways, where you know, 901 00:46:28,200 --> 00:46:32,040 Speaker 17: there were seventeen folks on two stages and and and 902 00:46:32,080 --> 00:46:32,600 Speaker 17: what have you? 903 00:46:33,400 --> 00:46:33,560 Speaker 5: Really? 904 00:46:34,560 --> 00:46:37,560 Speaker 17: Yeah, I actually and I had at like you guys, 905 00:46:37,600 --> 00:46:38,840 Speaker 17: I had to cover every one. 906 00:46:38,680 --> 00:46:41,640 Speaker 7: Of those and auver clients. 907 00:46:41,680 --> 00:46:45,160 Speaker 17: So yes, I do I remember in painstaking detail in 908 00:46:45,160 --> 00:46:48,560 Speaker 17: any ways. But you know, I think to your question though, Joe, 909 00:46:49,640 --> 00:46:51,600 Speaker 17: you know who knows that whether President Trump is going 910 00:46:51,640 --> 00:46:54,839 Speaker 17: to it's going to appear, And in many ways it's 911 00:46:54,840 --> 00:46:57,560 Speaker 17: sort of bhoos him not to because you know he doesn't. 912 00:46:57,640 --> 00:46:59,800 Speaker 7: I'm not sure how much upside. 913 00:46:59,360 --> 00:47:03,840 Speaker 17: He has of appearing, but then arguably thumb downside. But 914 00:47:03,920 --> 00:47:06,560 Speaker 17: he also kind of validates a lot of these other candidates. 915 00:47:06,880 --> 00:47:07,920 Speaker 7: I'm not sure how many. 916 00:47:07,719 --> 00:47:10,600 Speaker 17: People, you know, the low last dog days of summer, 917 00:47:10,640 --> 00:47:12,840 Speaker 17: will folks actually tune in if President Trump is not 918 00:47:12,880 --> 00:47:15,919 Speaker 17: on the debate stage. So I get open question, we'll 919 00:47:15,960 --> 00:47:17,120 Speaker 17: sort of see how it unfolds. 920 00:47:17,760 --> 00:47:20,279 Speaker 16: Well, lebby speaking of seeing how things unfold, I do 921 00:47:20,400 --> 00:47:21,719 Speaker 16: Before we let you go, we only have a few 922 00:47:21,760 --> 00:47:24,000 Speaker 16: minutes left. Want to touch on what is still happening 923 00:47:24,000 --> 00:47:26,799 Speaker 16: here in Washington, because yes, the big kidney stone maybe 924 00:47:26,880 --> 00:47:29,720 Speaker 16: has passed, but that's not to say that Speaker McCarthy 925 00:47:29,800 --> 00:47:33,800 Speaker 16: isn't still dealing with aches and pains elsewhere. We're still 926 00:47:33,840 --> 00:47:36,840 Speaker 16: stuck in this stalemate in the House of Representatives, members 927 00:47:36,840 --> 00:47:39,560 Speaker 16: of the Freedom Caucus holding things up because they're angry 928 00:47:39,600 --> 00:47:43,040 Speaker 16: about how McCarthy handled the debt sealing deal. How do 929 00:47:43,120 --> 00:47:45,680 Speaker 16: you think this ends? Is Speaker McCarthy now a leader 930 00:47:45,680 --> 00:47:46,400 Speaker 16: in name only? 931 00:47:48,560 --> 00:47:50,759 Speaker 7: I don't, you know, I don't I you know, I 932 00:47:50,800 --> 00:47:51,480 Speaker 7: would argue no. 933 00:47:51,760 --> 00:47:56,000 Speaker 17: I think that he very much still enjoys the support 934 00:47:56,120 --> 00:48:00,320 Speaker 17: of the vast majority of his of his caucus. You know, 935 00:48:00,400 --> 00:48:03,400 Speaker 17: the sort of the minority the vote is very vocal 936 00:48:04,080 --> 00:48:06,719 Speaker 17: and is allowed is able to get headlines and of 937 00:48:06,760 --> 00:48:09,640 Speaker 17: course what we saw just you know yesterday, they can 938 00:48:09,640 --> 00:48:11,000 Speaker 17: also derail a vote. 939 00:48:11,320 --> 00:48:13,440 Speaker 7: Uh So, you know, I think they a will. 940 00:48:13,280 --> 00:48:15,760 Speaker 17: Try to use kind of every negotiating sort of tactics 941 00:48:15,800 --> 00:48:18,719 Speaker 17: that they are leverage that they may they may have. 942 00:48:19,120 --> 00:48:21,839 Speaker 17: But I don't think he's a speaker in name only. 943 00:48:21,880 --> 00:48:25,440 Speaker 17: I think actually, again, the majority of his caucus is 944 00:48:25,560 --> 00:48:27,600 Speaker 17: very much supportive of him. Thinks that he was able 945 00:48:27,640 --> 00:48:29,319 Speaker 17: to kind of pull a rabbit out of the hat, 946 00:48:29,719 --> 00:48:32,120 Speaker 17: so to speak, in terms of you know, getting all 947 00:48:32,160 --> 00:48:34,879 Speaker 17: of it's done and getting some Republican you know, concessions 948 00:48:34,880 --> 00:48:37,839 Speaker 17: from from the President around the debt ceiling. So no, 949 00:48:38,000 --> 00:48:40,640 Speaker 17: I think it's I think that's I think that's pretty noisy, 950 00:48:40,680 --> 00:48:42,279 Speaker 17: But it's going to be noisy to your point. And 951 00:48:42,320 --> 00:48:45,120 Speaker 17: I think that it's even though it's a minority, it's 952 00:48:45,120 --> 00:48:48,080 Speaker 17: a minority that can be quite effective in terms of 953 00:48:48,160 --> 00:48:51,279 Speaker 17: derailing legislation, especially part of the legislation where you need 954 00:48:51,360 --> 00:48:54,880 Speaker 17: every Republican vote and those Republicans can you know, vote, 955 00:48:54,920 --> 00:48:57,600 Speaker 17: you know, as a block against against Speaker McCarthy. I 956 00:48:57,640 --> 00:49:00,200 Speaker 17: think you're going to continue to see that because, as 957 00:49:00,239 --> 00:49:04,240 Speaker 17: you said, there's some aftershocks from from the dead sealing 958 00:49:04,400 --> 00:49:06,239 Speaker 17: and not everyone obviously was very happy with it, and 959 00:49:06,600 --> 00:49:07,960 Speaker 17: they're going to kind vote with their feet. 960 00:49:08,000 --> 00:49:09,759 Speaker 3: So yeah, we're not going to let them forget it 961 00:49:09,840 --> 00:49:11,759 Speaker 3: for a while here. Libby, great to talk with you. 962 00:49:12,160 --> 00:49:14,560 Speaker 3: Thank you so much for joining. Libby Cantrell, Managing director, 963 00:49:14,600 --> 00:49:17,000 Speaker 3: the head of public Policy at PIMCO, a regular voice 964 00:49:17,200 --> 00:49:19,279 Speaker 3: on Bloomberg for a reason, Kaylee, she knows what she's 965 00:49:19,320 --> 00:49:21,480 Speaker 3: talking about. And just to get back to where we 966 00:49:21,520 --> 00:49:24,200 Speaker 3: began with his Glenn Younkin idea Yeah, new poll out 967 00:49:24,600 --> 00:49:26,600 Speaker 3: as I read on Real Clear Politics, this one from 968 00:49:26,680 --> 00:49:31,560 Speaker 3: Rowanoke College, the Virginia Republican presidential primary. Trump forty eight, 969 00:49:31,600 --> 00:49:34,720 Speaker 3: DeSantis twenty eight. We go to single digits where Glenn 970 00:49:34,719 --> 00:49:40,200 Speaker 3: Younkin and Tim Scott are tied at one. In Virginia, 971 00:49:40,520 --> 00:49:43,880 Speaker 3: the Great Commonwealth, Anything could happen still with Kaylee Lionsim, 972 00:49:43,960 --> 00:49:45,480 Speaker 3: Joe Matthew hid Washington. 973 00:49:45,560 --> 00:49:51,520 Speaker 1: This is Bloomberg. You're listening to the Bloomberg Sound on podcast. 974 00:49:51,920 --> 00:49:55,480 Speaker 1: Catch us live weekdays at one Eastern on Bloomberg dot com, 975 00:49:55,520 --> 00:49:58,360 Speaker 1: the iHeartRadio app and the Bloomberg Business app, or. 976 00:49:58,360 --> 00:50:00,759 Speaker 2: Listening on demand wherever you get podcast. 977 00:50:03,360 --> 00:50:05,960 Speaker 3: It was back in March they had the big TikTok 978 00:50:06,040 --> 00:50:09,319 Speaker 3: hearing on Capitol Hill. I'm Joe Matthew along with Kaylee Lines. 979 00:50:09,400 --> 00:50:14,080 Speaker 3: Remember Kaylee's shoe chew. The CEO of TikTok came to Washington. 980 00:50:14,120 --> 00:50:16,479 Speaker 3: It was a big show. Way before he ever got 981 00:50:17,040 --> 00:50:20,840 Speaker 3: into the hearing room, he was holed up there in 982 00:50:20,880 --> 00:50:23,560 Speaker 3: a hotel room or something. He was making TikTok videos 983 00:50:23,640 --> 00:50:26,480 Speaker 3: himself talking about the benefits of the platform. 984 00:50:26,560 --> 00:50:29,840 Speaker 18: And more than one hundred and fifty million Americans on TikTok. 985 00:50:29,920 --> 00:50:33,440 Speaker 18: There's almost half of the US coming to TikTok to connect, 986 00:50:33,880 --> 00:50:36,880 Speaker 18: to create, to share, to learn or just to have 987 00:50:36,920 --> 00:50:40,760 Speaker 18: some fun. This includes five million businesses that use TikTok 988 00:50:40,840 --> 00:50:43,440 Speaker 18: to reach the customers, and the majority of these a 989 00:50:43,560 --> 00:50:45,080 Speaker 18: small and medium businesses. 990 00:50:45,080 --> 00:50:50,560 Speaker 3: And remember he came packing with like a squad of influencers. Yeah, 991 00:50:50,680 --> 00:50:53,080 Speaker 3: the content creators as I guess he would call them, 992 00:50:53,080 --> 00:50:55,120 Speaker 3: who were dancing and singing around the Capitol. 993 00:50:55,160 --> 00:50:57,200 Speaker 10: Then descended upon Washington. 994 00:50:57,400 --> 00:51:00,920 Speaker 3: Yes, no, I think where they were for lip zyncing 995 00:51:00,960 --> 00:51:03,719 Speaker 3: in the rotunda. Yeah, and that got to be a 996 00:51:03,719 --> 00:51:05,360 Speaker 3: pretty chippy hearing. I mean, you got a lot of 997 00:51:05,400 --> 00:51:08,560 Speaker 3: tough questions, including tough questions from Senator Marshall Blackburn, who's 998 00:51:08,560 --> 00:51:11,400 Speaker 3: going to join us here, Yes, as he made the 999 00:51:11,440 --> 00:51:16,719 Speaker 3: point that, hey, China, pay no attention to that. 1000 00:51:16,840 --> 00:51:21,120 Speaker 18: The bottom line is this American data stored on American 1001 00:51:21,200 --> 00:51:25,640 Speaker 18: soil by an American company, overseen by American personnel. 1002 00:51:25,920 --> 00:51:28,279 Speaker 3: Not so much, according to Senator Blackburn. She along with 1003 00:51:28,320 --> 00:51:30,640 Speaker 3: Senator Richard Blumenthal, who we've actually heard from in this 1004 00:51:30,719 --> 00:51:32,840 Speaker 3: broadcast a couple of times already on a few issues, 1005 00:51:33,520 --> 00:51:35,800 Speaker 3: they sent a letter together. This has been an issue 1006 00:51:35,800 --> 00:51:38,239 Speaker 3: for the two of them, ranking Member and Chair of 1007 00:51:38,239 --> 00:51:42,560 Speaker 3: the Subcommittee on Consumer Protection, Product Safety, Data Security on 1008 00:51:43,520 --> 00:51:48,440 Speaker 3: TikTok's allegedly misleading claims over how and where it stores 1009 00:51:48,440 --> 00:51:51,880 Speaker 3: its data. They've had this Texas project underway and project 1010 00:51:51,880 --> 00:51:57,440 Speaker 3: are making a difference that too. It's like China won 1011 00:51:57,600 --> 00:52:01,200 Speaker 3: one China, Yes one Bloomberg. Let's bring in the senator 1012 00:52:01,239 --> 00:52:07,560 Speaker 3: now from Tennessee's that's funny from Tennessee, of course, the Senator, 1013 00:52:08,280 --> 00:52:10,919 Speaker 3: Marsha Blackburn. It's great to have you back, Senator, thanks 1014 00:52:10,960 --> 00:52:13,279 Speaker 3: for being with us here. And I want to ask 1015 00:52:13,320 --> 00:52:15,680 Speaker 3: you about this letter that you wrote. Is it Are 1016 00:52:15,680 --> 00:52:19,239 Speaker 3: you trying to change behavior or expose what it is 1017 00:52:19,280 --> 00:52:20,200 Speaker 3: that you see them doing? 1018 00:52:21,200 --> 00:52:24,200 Speaker 19: Well? There are a couple of things. First of all, 1019 00:52:24,239 --> 00:52:28,640 Speaker 19: we know that TikTok is a part of the surveillance 1020 00:52:28,880 --> 00:52:33,440 Speaker 19: and the soft propaganda that the Chinese Communist Party seeks 1021 00:52:33,480 --> 00:52:36,879 Speaker 19: to roll out every single day. This is all part 1022 00:52:36,960 --> 00:52:42,359 Speaker 19: of their push for global dominance. What we are very 1023 00:52:42,440 --> 00:52:47,160 Speaker 19: concerned about is what happens to the data that is 1024 00:52:47,280 --> 00:52:53,640 Speaker 19: coming from American users. And we had brought this up 1025 00:52:53,880 --> 00:52:59,080 Speaker 19: a couple of different times with individuals from TikTok to 1026 00:52:59,160 --> 00:53:04,000 Speaker 19: say are you keeping this? What are you doing with this? 1027 00:53:04,520 --> 00:53:08,759 Speaker 19: Does the Chinese Communist Party have access to this? And 1028 00:53:08,800 --> 00:53:13,080 Speaker 19: the answer is always, as you have just played the clips, 1029 00:53:13,600 --> 00:53:17,160 Speaker 19: no no, no, it never leaves us shores. So then 1030 00:53:17,239 --> 00:53:22,839 Speaker 19: we find out that it also is stored in Singapore. 1031 00:53:23,400 --> 00:53:28,040 Speaker 19: It is also making its way to Beijing and being 1032 00:53:28,160 --> 00:53:32,880 Speaker 19: stored there. So of course that's a concern to us 1033 00:53:33,080 --> 00:53:35,920 Speaker 19: because what the Chinese Communist Party is trying to do 1034 00:53:36,440 --> 00:53:41,480 Speaker 19: is get more people on TikTok using TikTok, and then 1035 00:53:41,800 --> 00:53:45,680 Speaker 19: what they do with your data once they're in your phone, 1036 00:53:46,320 --> 00:53:50,200 Speaker 19: what they will do is track you, follow you, and 1037 00:53:50,320 --> 00:53:53,880 Speaker 19: build what I call is a virtual you, so that 1038 00:53:54,000 --> 00:53:57,000 Speaker 19: they can predict what you're going to be doing next. 1039 00:53:57,320 --> 00:54:00,439 Speaker 19: They can follow you from site to site, they can 1040 00:54:00,560 --> 00:54:07,000 Speaker 19: sell your data and monetize that data, and you're marketed 1041 00:54:07,080 --> 00:54:11,640 Speaker 19: to by companies. So of course we would love to 1042 00:54:11,760 --> 00:54:15,239 Speaker 19: change some behavior, but also what we're trying to do 1043 00:54:15,360 --> 00:54:20,279 Speaker 19: is protect the privacy of American citizens. 1044 00:54:20,520 --> 00:54:23,799 Speaker 16: Well, and so on that point on what you can do, 1045 00:54:23,880 --> 00:54:26,759 Speaker 16: what Congress can do, when are we actually going to 1046 00:54:26,800 --> 00:54:31,600 Speaker 16: see movement on any of the legislation that has put forward. 1047 00:54:31,600 --> 00:54:33,840 Speaker 16: It feels like this is a conversation that had a 1048 00:54:33,880 --> 00:54:36,799 Speaker 16: lot of momentum. We had him testify, and then where 1049 00:54:36,840 --> 00:54:37,239 Speaker 16: did it go? 1050 00:54:38,480 --> 00:54:42,640 Speaker 19: And that's part of our frustration. Senator Blumenthal and I 1051 00:54:42,719 --> 00:54:47,920 Speaker 19: have the Kids Online Safety Act, we have led this subcommittee. 1052 00:54:47,920 --> 00:54:52,680 Speaker 19: We've tried to push online consumer privacy, which has got 1053 00:54:52,719 --> 00:54:57,640 Speaker 19: to be done before we get into the AI conversation. 1054 00:54:57,920 --> 00:55:01,879 Speaker 19: We've tried to push forward Kids on Line Safety. We're 1055 00:55:01,920 --> 00:55:04,680 Speaker 19: ready for that to move forward, and the House needs 1056 00:55:04,760 --> 00:55:11,440 Speaker 19: to respond to this also because they are they're not 1057 00:55:12,120 --> 00:55:14,680 Speaker 19: moving forward as quickly as the sin it is. 1058 00:55:16,000 --> 00:55:19,400 Speaker 3: Senator Blackburn. There have been reports that TikTok is spending 1059 00:55:19,440 --> 00:55:23,080 Speaker 3: an inordinate amount of money on lobbyists that following your hearing, 1060 00:55:23,160 --> 00:55:26,000 Speaker 3: the one that we just heard sound from Shoot Chew 1061 00:55:26,320 --> 00:55:29,800 Speaker 3: speaking to you in here, that they decided to blanket 1062 00:55:29,920 --> 00:55:32,480 Speaker 3: Washington with cash to try to keep this from actually 1063 00:55:32,560 --> 00:55:35,799 Speaker 3: reaching the floors of the Senate and the House. Is 1064 00:55:35,840 --> 00:55:37,320 Speaker 3: that true. 1065 00:55:38,080 --> 00:55:43,920 Speaker 19: Our understanding is that they have added to their lobbying shop. 1066 00:55:45,360 --> 00:55:50,640 Speaker 19: When we had had their primary public policy rep before us, 1067 00:55:51,480 --> 00:55:55,879 Speaker 19: their top rep. We ask who was paying them, where 1068 00:55:55,880 --> 00:55:59,680 Speaker 19: their paychecks were coming from, and of course he said 1069 00:55:59,719 --> 00:56:03,520 Speaker 19: from TikTok, not Byte Dance, the parent company, and then 1070 00:56:03,600 --> 00:56:07,600 Speaker 19: we found out no that it was actually coming from 1071 00:56:07,760 --> 00:56:14,759 Speaker 19: Bite Dance. That's a concern to us. And uh, it 1072 00:56:14,920 --> 00:56:18,200 Speaker 19: just seems that TikTok tells us something and then we 1073 00:56:18,320 --> 00:56:23,120 Speaker 19: find out later that that is inaccurate. So this is 1074 00:56:23,200 --> 00:56:25,919 Speaker 19: one of the reasons that we have the letter into them. 1075 00:56:26,160 --> 00:56:29,720 Speaker 19: We want to figure out, you know, where they're telling 1076 00:56:29,800 --> 00:56:31,040 Speaker 19: the truth of where they're not. 1077 00:56:31,800 --> 00:56:34,840 Speaker 3: That's an important distinction, Kayley, for the benefit of our listeners, 1078 00:56:34,880 --> 00:56:37,600 Speaker 3: Byte Dance would be the parent company that is China talking. 1079 00:56:37,600 --> 00:56:38,120 Speaker 2: If that's the. 1080 00:56:38,040 --> 00:56:40,720 Speaker 19: Case doing the company that's right. 1081 00:56:41,280 --> 00:56:44,400 Speaker 16: Well, and it raises the question, Senator of broadly the 1082 00:56:44,480 --> 00:56:47,080 Speaker 16: role of China because it does come down here to 1083 00:56:47,160 --> 00:56:49,839 Speaker 16: concerns that the data is shared with the Chinese Communist Party. 1084 00:56:49,840 --> 00:56:52,040 Speaker 16: At the same time we're having this conversation, we have 1085 00:56:52,480 --> 00:56:55,440 Speaker 16: the CEO of City, Jane Frasier, making a trip to Beijing. 1086 00:56:55,560 --> 00:56:58,239 Speaker 16: Jamie Diamond and Elon Musk were there last week. We 1087 00:56:58,320 --> 00:57:01,120 Speaker 16: now know that Anthony Blink, the Secretary of Seat, is 1088 00:57:01,160 --> 00:57:03,200 Speaker 16: planning a trip to Beijing in the coming weeks. It 1089 00:57:03,239 --> 00:57:08,279 Speaker 16: seems that both diplomats and corporate executives are making this 1090 00:57:08,400 --> 00:57:11,920 Speaker 16: push to really know firm up relations with China, or 1091 00:57:11,960 --> 00:57:13,440 Speaker 16: make them better at the very least. 1092 00:57:13,440 --> 00:57:14,840 Speaker 10: What is your response to all of that? 1093 00:57:16,040 --> 00:57:18,920 Speaker 19: What we need to realize is that companies that are 1094 00:57:18,960 --> 00:57:22,160 Speaker 19: doing business in China, China is going to have a 1095 00:57:22,200 --> 00:57:28,360 Speaker 19: part of your business, and the governance for these companies, 1096 00:57:28,400 --> 00:57:31,240 Speaker 19: how they're going to proceed without what they're going to 1097 00:57:31,320 --> 00:57:37,280 Speaker 19: share with China causes us concerns likewise, companies that are 1098 00:57:37,320 --> 00:57:44,120 Speaker 19: manufacturing in China, the way they have violated intellectual property protections, 1099 00:57:44,480 --> 00:57:47,480 Speaker 19: the way they've used the p TAB process to try 1100 00:57:47,520 --> 00:57:54,920 Speaker 19: to negate copyrights, trademarks, and patents. This is something that 1101 00:57:55,120 --> 00:57:58,439 Speaker 19: is a concern to us because we want to keep 1102 00:57:58,520 --> 00:58:04,840 Speaker 19: innovation here. We want to keep our innovators here in 1103 00:58:04,880 --> 00:58:08,920 Speaker 19: this country, and we want likewise to see that manufacturing 1104 00:58:09,520 --> 00:58:22,040 Speaker 19: return to US companies and manufacturing domestically or either gearshoring 1105 00:58:22,280 --> 00:58:25,160 Speaker 19: or friendshoring some of this manufacturing. 1106 00:58:25,520 --> 00:58:27,720 Speaker 3: I know you need to go here, Senator, and we 1107 00:58:27,800 --> 00:58:29,760 Speaker 3: only have a moment left. Do you just have any 1108 00:58:29,800 --> 00:58:32,760 Speaker 3: sense for those who are listening when you might see 1109 00:58:32,760 --> 00:58:34,680 Speaker 3: a vote. Are you hearing from the leadership on this 1110 00:58:34,760 --> 00:58:37,200 Speaker 3: that there might be a vote on TikTok legislation. 1111 00:58:38,720 --> 00:58:42,960 Speaker 19: We are not hearing from the leadership on this. We 1112 00:58:43,000 --> 00:58:45,800 Speaker 19: would like for them to do something this summer. It's 1113 00:58:45,800 --> 00:58:49,640 Speaker 19: been so interesting that the parents We've got over two 1114 00:58:49,800 --> 00:58:54,400 Speaker 19: hundred groups in organizations bipartisan by the way, that support 1115 00:58:54,440 --> 00:58:57,840 Speaker 19: our Kids Online Safety Act. A lot of these groups 1116 00:58:57,840 --> 00:59:01,640 Speaker 19: are saying, let's get this signed seal delivered on the 1117 00:59:01,680 --> 00:59:06,560 Speaker 19: books before the kids go back to school, because social 1118 00:59:06,680 --> 00:59:11,720 Speaker 19: media is such a distraction to kids during the school day. 1119 00:59:12,280 --> 00:59:16,240 Speaker 19: It is where a lot of cyber bullying and bullying 1120 00:59:16,680 --> 00:59:23,520 Speaker 19: starts and is carried out, and kids get are at 1121 00:59:23,560 --> 00:59:26,720 Speaker 19: the point they pay more attention to the screen than 1122 00:59:26,800 --> 00:59:32,120 Speaker 19: they do to the teacher who is lecturing, and therefore 1123 00:59:32,160 --> 00:59:37,160 Speaker 19: their grades suffer. They have more mental health issues, so 1124 00:59:37,240 --> 00:59:41,160 Speaker 19: they want to see this legislation moving forward sooner rather 1125 00:59:41,280 --> 00:59:41,840 Speaker 19: than later. 1126 00:59:42,280 --> 00:59:43,840 Speaker 3: Well, listen, come back and talk to us when we 1127 00:59:43,880 --> 00:59:46,560 Speaker 3: get to that point. We'd like to continue the conversation 1128 00:59:46,680 --> 00:59:48,959 Speaker 3: which you were kind to start with us many months 1129 00:59:49,000 --> 00:59:52,479 Speaker 3: ago on this Senator Marshall Blackburn, Republican from Tennessee, many 1130 00:59:52,480 --> 00:59:59,240 Speaker 3: thanks for the time here, Thanks for listening to the 1131 00:59:59,280 --> 01:00:02,160 Speaker 3: sound on podcas Make sure to subscribe if you haven't already, 1132 01:00:02,280 --> 01:00:05,200 Speaker 3: at Apple, Spotify, and anywhere else you get your podcasts, 1133 01:00:05,560 --> 01:00:08,240 Speaker 3: and you can find us live every weekday from Washington, 1134 01:00:08,320 --> 01:00:13,000 Speaker 3: DC at one pm Eastern time at Bloomberg dot com