1 00:00:00,480 --> 00:00:03,200 Speaker 1: Live from our nation's came this budget thing is going 2 00:00:03,240 --> 00:00:06,080 Speaker 1: to do nothing spaceports. I still think it's interesting President 3 00:00:06,120 --> 00:00:10,320 Speaker 1: Trump not playing his cards yet. Headlines Policy and Politics colliding, 4 00:00:10,440 --> 00:00:15,280 Speaker 1: Floomberg Sound On, the Insiders, the influencers, the insides. I 5 00:00:15,280 --> 00:00:17,960 Speaker 1: would rather see a congressional solution. It's part of my DNA. 6 00:00:18,239 --> 00:00:21,079 Speaker 1: The Senate map in looks a lot different than it looked. 7 00:00:21,960 --> 00:00:24,720 Speaker 1: You really have a divide within Team Trump. The President 8 00:00:24,760 --> 00:00:26,960 Speaker 1: has to do exactly what people sent him here to do, 9 00:00:27,000 --> 00:00:30,280 Speaker 1: which is to get it done. This is Bloomberg Sound 10 00:00:30,320 --> 00:00:34,960 Speaker 1: On with Kevin Shirley on Floomberg and one oh five 11 00:00:35,000 --> 00:00:38,800 Speaker 1: point seven fm h D two. Speaker Pelosi moves all 12 00:00:38,840 --> 00:00:43,159 Speaker 1: steam ahead for the impeachment inquiry. And just fourteen minutes ago, 13 00:00:43,720 --> 00:00:47,559 Speaker 1: the New York Times reporting that President Trump pressed Australian 14 00:00:47,680 --> 00:00:53,720 Speaker 1: leader to help bar investigate Muller's inquiries origins. This is 15 00:00:53,760 --> 00:00:56,560 Speaker 1: now a breaking new development. This as Secretary of State 16 00:00:56,600 --> 00:00:59,760 Speaker 1: Mike Pompeo, according to the Wall Street Journal, was for 17 00:01:00,000 --> 00:01:04,720 Speaker 1: first also now on that Ukrainian phone call from all 18 00:01:04,760 --> 00:01:06,440 Speaker 1: of those months ago. So we have a lot to 19 00:01:06,480 --> 00:01:10,800 Speaker 1: get through. That's breaking as we speak, and we've got 20 00:01:10,800 --> 00:01:13,280 Speaker 1: two political all stars to help us through it. James 21 00:01:13,319 --> 00:01:16,360 Speaker 1: Home and national political correspondent for the Washington Post. He's 22 00:01:16,360 --> 00:01:18,120 Speaker 1: also the author of the daily two oh two I 23 00:01:18,120 --> 00:01:20,839 Speaker 1: can't wait to read it tomorrow morning. James and Anna Edgerton, 24 00:01:20,920 --> 00:01:24,200 Speaker 1: Bloomberg News politics editor, who is. We stole her away 25 00:01:24,200 --> 00:01:26,400 Speaker 1: from the Bloomberg terminal to help us sort through all 26 00:01:26,480 --> 00:01:29,080 Speaker 1: the craziness of this afternoon. So before we get to 27 00:01:29,120 --> 00:01:31,640 Speaker 1: all of that, here we go, folks. You're ready, You're 28 00:01:31,640 --> 00:01:33,840 Speaker 1: ready for this because we've got a lot of breaking 29 00:01:33,840 --> 00:01:36,399 Speaker 1: news to uncover. So here's what we're gonna do. We're 30 00:01:36,400 --> 00:01:38,600 Speaker 1: gonna spend the first part of the show catching you 31 00:01:38,680 --> 00:01:41,560 Speaker 1: up to speed on the latest headlines that have come 32 00:01:41,560 --> 00:01:45,319 Speaker 1: out this afternoon regarding the impeachment inquiry, and there are 33 00:01:45,360 --> 00:01:46,959 Speaker 1: a lot of them. Then we're gonna talk about the 34 00:01:47,000 --> 00:01:52,080 Speaker 1: congressional implications, pivot, and then see what's on the panel's radar. 35 00:01:52,200 --> 00:01:56,320 Speaker 1: Just within the last fourteen minutes, the New York Times 36 00:01:56,840 --> 00:02:01,120 Speaker 1: releasing a bombshell. The headline President Trump pressed Australian leader 37 00:02:01,560 --> 00:02:07,360 Speaker 1: to help bar investigate Mueller about the inquiries. Origins reading 38 00:02:07,400 --> 00:02:10,919 Speaker 1: from Mark Mazzetti and Katie Benner's story, quote, President Trump 39 00:02:10,919 --> 00:02:14,120 Speaker 1: pushed the Australian Prime Minister during a recent telephone call 40 00:02:14,440 --> 00:02:18,320 Speaker 1: to help Attorney General William Barr gather information for a 41 00:02:18,480 --> 00:02:23,600 Speaker 1: Justice Department inquiry that Mr Trump hopes will discredit the 42 00:02:23,720 --> 00:02:28,200 Speaker 1: Mueller investigation, According to two American officials with knowledge of 43 00:02:28,240 --> 00:02:31,200 Speaker 1: the call, my guest with me for the hour James Holman. 44 00:02:31,520 --> 00:02:34,520 Speaker 1: He is a national political correspondent for the Washington Post. 45 00:02:34,800 --> 00:02:37,359 Speaker 1: He is also the author of the Washington Post Daily 46 00:02:37,400 --> 00:02:40,519 Speaker 1: two oh two morning newsletter It's on my Muss Reads. 47 00:02:40,560 --> 00:02:44,320 Speaker 1: And Anna Edgerton, Bloomberg News politics editor, who we've stolen 48 00:02:44,320 --> 00:02:46,760 Speaker 1: away from her desk to stop editing for a second 49 00:02:47,160 --> 00:02:49,880 Speaker 1: and help us sort through this. All right, Let's begin 50 00:02:50,000 --> 00:02:53,760 Speaker 1: with the Australian call. James Holman. You put this into 51 00:02:53,840 --> 00:02:56,720 Speaker 1: context with the Ukrainian call. What does it mean for 52 00:02:56,760 --> 00:02:59,600 Speaker 1: the impeachment inquiry? Yeah, Kevin, that means that this is 53 00:02:59,600 --> 00:03:02,480 Speaker 1: not an selecated incident. This is another example of the 54 00:03:02,520 --> 00:03:08,560 Speaker 1: president ostensibly purportedly urging a foreign leader to help advance 55 00:03:09,080 --> 00:03:13,440 Speaker 1: his political aims. In this case, there's this ongoing investigation 56 00:03:13,520 --> 00:03:16,360 Speaker 1: that the Justice Department has that was ordered by Bill Barr. 57 00:03:16,440 --> 00:03:18,240 Speaker 1: One of the first things that he did one of 58 00:03:18,240 --> 00:03:20,680 Speaker 1: the top priorities of the president, which is to essentially 59 00:03:20,720 --> 00:03:24,800 Speaker 1: investigate the investigators and to look at the origins of 60 00:03:24,840 --> 00:03:28,680 Speaker 1: the Russia investigation. And part of that is how the 61 00:03:28,800 --> 00:03:33,840 Speaker 1: FBI was initially tipped off that George Papadopolis, the foreign 62 00:03:33,840 --> 00:03:35,720 Speaker 1: policy advisor to the Trump campaign at the time, in 63 00:03:37,120 --> 00:03:41,680 Speaker 1: was telling foreign diplomats reportedly that he that the Russians 64 00:03:41,720 --> 00:03:44,640 Speaker 1: had dirt or that there were Hillary emails out there, 65 00:03:45,080 --> 00:03:48,600 Speaker 1: and so the this is about getting the Australians to 66 00:03:48,760 --> 00:03:54,520 Speaker 1: help the Bill Bar investigation, and and so that it appears, 67 00:03:54,520 --> 00:03:58,520 Speaker 1: based on the Times report, that Trump was pressing the 68 00:03:58,560 --> 00:04:02,119 Speaker 1: Australians to help the Bar inquiry and uh and that 69 00:04:02,120 --> 00:04:05,200 Speaker 1: that help was forthcoming. According to The New York Times, 70 00:04:05,200 --> 00:04:08,840 Speaker 1: a Justice Department spokeswoman declined to comment. A White House 71 00:04:08,880 --> 00:04:12,120 Speaker 1: spokesman did not immediately respond to a request for comment, 72 00:04:12,160 --> 00:04:16,719 Speaker 1: nor did a spokesperson for the Aussie Prime Minister. Continuing 73 00:04:16,720 --> 00:04:20,360 Speaker 1: with the Times report and making the request, President Trump 74 00:04:20,400 --> 00:04:24,839 Speaker 1: was an effect asking the Australian government to investigate itself. 75 00:04:25,200 --> 00:04:29,080 Speaker 1: And Edgerton, I'm struck by the developments of last week 76 00:04:29,160 --> 00:04:32,599 Speaker 1: when you had the transcript of the Ukrainian call come out, 77 00:04:32,800 --> 00:04:36,400 Speaker 1: and then you had the whistleblower complaint and this development 78 00:04:36,520 --> 00:04:39,719 Speaker 1: that there was a change in federal government policy to 79 00:04:39,800 --> 00:04:43,800 Speaker 1: have several of these calls on a different type of server. 80 00:04:44,440 --> 00:04:47,560 Speaker 1: And we we got the development last week that there 81 00:04:47,560 --> 00:04:50,720 Speaker 1: were other calls between President Trump and other world leaders 82 00:04:50,960 --> 00:04:55,280 Speaker 1: that were on this server. Now we have the Aussies absolutely, 83 00:04:55,279 --> 00:04:56,800 Speaker 1: and that's what was one of the concerns when we 84 00:04:56,839 --> 00:05:01,120 Speaker 1: first saw the initial whistleblower complaint was you see how 85 00:05:01,920 --> 00:05:05,480 Speaker 1: allegedly this server was used for reasons besides national security. 86 00:05:05,520 --> 00:05:07,880 Speaker 1: So there there is a separate server that goes that 87 00:05:08,160 --> 00:05:10,680 Speaker 1: is only accessible to a small small group of people, 88 00:05:10,920 --> 00:05:14,080 Speaker 1: and now it's to protect sources and methods intelligence gathering 89 00:05:14,760 --> 00:05:18,359 Speaker 1: issues of national security. It shouldn't be to protect the 90 00:05:18,440 --> 00:05:22,039 Speaker 1: general public from the president's political missteps, which appears to 91 00:05:22,040 --> 00:05:23,800 Speaker 1: be how it was used this time. So one question 92 00:05:23,880 --> 00:05:27,640 Speaker 1: we were asking ourselves when we saw this initial Ukraine 93 00:05:27,640 --> 00:05:30,400 Speaker 1: complaint is is this an isolated incident or is this 94 00:05:30,440 --> 00:05:33,279 Speaker 1: a pattern of behavior? And if it's a pattern, what 95 00:05:33,440 --> 00:05:37,560 Speaker 1: other calls would fall into this category? Said? She said, 96 00:05:37,600 --> 00:05:42,640 Speaker 1: political missteps are political missteps impeachable because that's what this 97 00:05:42,680 --> 00:05:44,599 Speaker 1: is all going to come down to. The question is 98 00:05:44,640 --> 00:05:46,799 Speaker 1: what there I mean, there are a lot of potential 99 00:05:47,360 --> 00:05:50,520 Speaker 1: issues that he's running a foul of. But you know, 100 00:05:50,600 --> 00:05:52,720 Speaker 1: the CNN had some reporting over the weekend that they 101 00:05:52,839 --> 00:05:55,720 Speaker 1: also put away calls with Vladimir Putin in this system, 102 00:05:55,720 --> 00:05:58,240 Speaker 1: which again is usually his ANA was just saying for 103 00:05:58,400 --> 00:06:03,040 Speaker 1: kind of covert code word classified, you know, operational details. Uh. 104 00:06:03,200 --> 00:06:06,520 Speaker 1: Mohammed bin Salman h the conversations that Trump had with 105 00:06:06,600 --> 00:06:09,240 Speaker 1: him after the murder of Washington Post contributing columnist Jamal 106 00:06:09,279 --> 00:06:12,800 Speaker 1: ka Shogi a year ago this week. And so to 107 00:06:12,880 --> 00:06:15,640 Speaker 1: your question of whether that's impeachable, it depends partly on 108 00:06:15,960 --> 00:06:18,599 Speaker 1: what was said, but it also depends on the intent 109 00:06:18,760 --> 00:06:21,039 Speaker 1: of doing this. In order to put things in this 110 00:06:21,560 --> 00:06:25,800 Speaker 1: secret system, Uh, you have to have a senior administration 111 00:06:25,839 --> 00:06:28,080 Speaker 1: person asked for it, so the White s chief of Staff, 112 00:06:28,080 --> 00:06:31,200 Speaker 1: the National Security Advisor, and by all accounts, it seems 113 00:06:31,200 --> 00:06:33,160 Speaker 1: that the reason that they put them in these systems 114 00:06:33,680 --> 00:06:38,120 Speaker 1: was to prevent people in the intelligence community from knowing 115 00:06:38,440 --> 00:06:44,320 Speaker 1: that Trump was was prodding them to potentially if if 116 00:06:44,400 --> 00:06:46,560 Speaker 1: he was trying to advance his own personal interests or 117 00:06:46,600 --> 00:06:49,880 Speaker 1: political interests, then that could be very much an impeachable offense. 118 00:06:50,040 --> 00:06:53,120 Speaker 1: James Holman's here. He's national political correspondent for the Washington 119 00:06:53,160 --> 00:06:55,039 Speaker 1: Post and author of the Post Daily two O two, 120 00:06:55,040 --> 00:06:57,120 Speaker 1: and I can't wait to ask him coming up about 121 00:06:57,120 --> 00:07:00,159 Speaker 1: the Republican messaging around all of this, because they have 122 00:07:00,360 --> 00:07:03,120 Speaker 1: such a tight, tight rope to walk, and you go 123 00:07:03,160 --> 00:07:06,560 Speaker 1: into it on today's edition with regards to that. But alright, 124 00:07:06,600 --> 00:07:09,159 Speaker 1: so the Australian call that was the big bombshell that 125 00:07:09,240 --> 00:07:11,320 Speaker 1: just got broke by the New York Times within the 126 00:07:11,400 --> 00:07:14,800 Speaker 1: last half hour, and now we know that on the 127 00:07:14,920 --> 00:07:17,040 Speaker 1: Ukrainian call, do we have like a notebook of all 128 00:07:17,080 --> 00:07:20,600 Speaker 1: these different calls we're gonna to be talking about. On 129 00:07:20,680 --> 00:07:23,480 Speaker 1: the Ukrainian call, we now know that Secretary of State 130 00:07:23,560 --> 00:07:27,480 Speaker 1: Mike Pompeo. According to the Wall Street Journal, which reported 131 00:07:27,480 --> 00:07:31,640 Speaker 1: this today, Secretary Pompeo was on this call. And there 132 00:07:31,640 --> 00:07:34,480 Speaker 1: seems to be from the Sunday Show new from the 133 00:07:34,600 --> 00:07:38,960 Speaker 1: Sunday Shows as well as on Friday. This developing narrative 134 00:07:39,040 --> 00:07:42,400 Speaker 1: or storyliner I hate using those words, but questions about 135 00:07:42,440 --> 00:07:44,600 Speaker 1: whether or not Rudy Giuliani and the State's Department are 136 00:07:44,640 --> 00:07:46,560 Speaker 1: on the same page. What does Pompeo being on the 137 00:07:46,600 --> 00:07:48,880 Speaker 1: call mean for that? But there are a few administration 138 00:07:48,880 --> 00:07:51,400 Speaker 1: officials that are in a difficult position, no one more 139 00:07:51,440 --> 00:07:55,440 Speaker 1: so than Mike Pompeo, Secretary of Defense, excuse me, Secretary 140 00:07:55,480 --> 00:07:59,880 Speaker 1: of State, and um and uh Mitch McDonald and are 141 00:08:01,200 --> 00:08:05,840 Speaker 1: William Barry? Thank you? William Barr the attorney generally a 142 00:08:05,880 --> 00:08:08,880 Speaker 1: double wommy. These two breaking stories do your absolutely absolutely 143 00:08:08,960 --> 00:08:12,600 Speaker 1: So you know you had, apparently Trump on the phone 144 00:08:12,600 --> 00:08:17,440 Speaker 1: call with Zelinski Pompeo listening in, talking about allegations that 145 00:08:17,480 --> 00:08:19,880 Speaker 1: he wanted his attorney general and his personal lawyer Rudy 146 00:08:19,920 --> 00:08:22,920 Speaker 1: Giuliani to investigate. So it's gonna be really interesting to 147 00:08:23,000 --> 00:08:26,840 Speaker 1: see from Pompeo how he responds to the subpoenas from 148 00:08:26,880 --> 00:08:29,679 Speaker 1: the House committees that were issued last week. So, folks, 149 00:08:29,680 --> 00:08:31,080 Speaker 1: if you're just getting in your car and your way 150 00:08:31,120 --> 00:08:34,280 Speaker 1: home from work. One, there's an Australian phone call, according 151 00:08:34,320 --> 00:08:36,240 Speaker 1: to the New York Times, in which the President raises 152 00:08:36,280 --> 00:08:40,960 Speaker 1: political implications about the Mueller report to Pompeo was on 153 00:08:41,000 --> 00:08:43,400 Speaker 1: the Ukraine phone call according to the Wall Street Journal, 154 00:08:43,440 --> 00:08:47,199 Speaker 1: and three houses issued subpoenas for Rudy Giuliani. What does 155 00:08:47,200 --> 00:08:50,000 Speaker 1: it mean for the impeachment inquiry? It means that we're 156 00:08:50,040 --> 00:08:53,200 Speaker 1: headed full steam ahead to the House getting closer to 157 00:08:53,280 --> 00:08:56,920 Speaker 1: introducing articles of impeachment. All of that has the question 158 00:08:56,960 --> 00:08:59,560 Speaker 1: begs the question what is that? What does the Senate 159 00:08:59,559 --> 00:09:02,280 Speaker 1: do with that? Well? Senate Majority Leader Mitch McConnell was 160 00:09:02,320 --> 00:09:07,480 Speaker 1: on CNBC earlier today and he says that if if 161 00:09:07,480 --> 00:09:09,800 Speaker 1: we get an impeachment and they send it to the 162 00:09:09,840 --> 00:09:13,040 Speaker 1: Senate for a trial, he's going to have a vote 163 00:09:13,040 --> 00:09:16,680 Speaker 1: on it. Here's Mitch McConnell. If they Senate rule related 164 00:09:16,720 --> 00:09:20,400 Speaker 1: to impeachment that would take sixty seven votes to change. 165 00:09:20,400 --> 00:09:23,080 Speaker 1: So I would have no choice but to take it up. 166 00:09:23,920 --> 00:09:26,319 Speaker 1: How long you're on it is a whole different matter, 167 00:09:26,400 --> 00:09:29,120 Speaker 1: but I would have no choice but to take it up. 168 00:09:29,480 --> 00:09:31,960 Speaker 1: He has no choice. He says that he doesn't know 169 00:09:32,000 --> 00:09:33,959 Speaker 1: how long it will take. We'll coming up. We are 170 00:09:34,000 --> 00:09:38,240 Speaker 1: diving into the congressional politics of the impeachment inquiry. James 171 00:09:38,240 --> 00:09:42,080 Speaker 1: Holman Stays and Edgerton Stays. Download the Bloomberg Sound On 172 00:09:42,120 --> 00:09:45,080 Speaker 1: podcast on Apple iTunes, at Bloomberg dot com, or by 173 00:09:45,120 --> 00:09:47,520 Speaker 1: downloading the Bloomberg Business App. You can also find us 174 00:09:47,520 --> 00:09:50,520 Speaker 1: on Radio dot com, I Heart Radio, and Spotify. I'm 175 00:09:50,600 --> 00:09:54,240 Speaker 1: Kevin Cirelli, chief Washington correspondent from Bloomberg Television and Bloomberg Radio, 176 00:09:54,440 --> 00:10:02,720 Speaker 1: and you're listening to Bloomberg. This is Bloomberg Sound On 177 00:10:02,920 --> 00:10:07,320 Speaker 1: with Kevin Surley on Bloomberg and one oh five point 178 00:10:07,360 --> 00:10:10,520 Speaker 1: seven f M HD two. We could not ignore what 179 00:10:10,559 --> 00:10:13,640 Speaker 1: the President did. He gave us no choice, So it 180 00:10:13,720 --> 00:10:17,800 Speaker 1: wasn't any change of mind. I always said, we will 181 00:10:17,840 --> 00:10:20,680 Speaker 1: follow the facts where they take us, and when we 182 00:10:20,760 --> 00:10:23,480 Speaker 1: see them, we will be ready. And we are ready, 183 00:10:24,320 --> 00:10:28,880 Speaker 1: Speaker Pelosi says, how Democrats are ready. She made the 184 00:10:28,920 --> 00:10:32,280 Speaker 1: remarks in an exclusive interview with CBS News Is sixty 185 00:10:32,280 --> 00:10:36,880 Speaker 1: Minutes on Sunday. That interview aired on Sunday. I'm Kevin Cirelli, 186 00:10:36,960 --> 00:10:40,560 Speaker 1: chief Washington correspondent for Bloomberg Television and Bloomberg Radio, with 187 00:10:40,679 --> 00:10:44,160 Speaker 1: me for the hour. James Home and national political correspondent 188 00:10:44,200 --> 00:10:46,520 Speaker 1: for the Washington Post and author of the Daily two 189 00:10:46,520 --> 00:10:49,360 Speaker 1: oh two, one of my must reads every morning with 190 00:10:49,480 --> 00:10:53,000 Speaker 1: regards to getting a not even just the developments of 191 00:10:53,040 --> 00:10:54,560 Speaker 1: the news, James, but you put it in contact and 192 00:10:54,559 --> 00:10:56,400 Speaker 1: I'm gonna prove it for our audience coming up in 193 00:10:56,400 --> 00:10:59,520 Speaker 1: a second. But Anna Edgroton is also here Bloomberg news 194 00:10:59,520 --> 00:11:03,199 Speaker 1: politic senator in a House Democrats we were just talking 195 00:11:03,240 --> 00:11:06,640 Speaker 1: earlier about there's this now drip of headlines. They've issued 196 00:11:06,679 --> 00:11:10,960 Speaker 1: subpoenas for Rudy Giuliani. We learned from the Wall Street 197 00:11:11,000 --> 00:11:14,240 Speaker 1: Journal today that Speaker or I'm sorry, Secretary of State 198 00:11:14,280 --> 00:11:18,600 Speaker 1: Mike Pompeo was on the Ukrainian phone calling question. And 199 00:11:18,679 --> 00:11:21,320 Speaker 1: now The New York Times is reporting that the president 200 00:11:21,440 --> 00:11:27,400 Speaker 1: raised political questions to the Australian Prime Minister. Our House 201 00:11:27,480 --> 00:11:31,199 Speaker 1: Democrats ready to impeach the president? Yes, I think they 202 00:11:31,200 --> 00:11:34,439 Speaker 1: absolutely are. It's just a matter of how we get there. 203 00:11:34,480 --> 00:11:37,320 Speaker 1: You know, we definitely see momentum for that. And I 204 00:11:37,360 --> 00:11:40,240 Speaker 1: think that's one thing that they're trying to prove during 205 00:11:40,240 --> 00:11:42,920 Speaker 1: this two week recess by issuing these subpoenas, is that 206 00:11:43,559 --> 00:11:46,400 Speaker 1: members maybe back in their districts talking to constituents and 207 00:11:46,440 --> 00:11:49,360 Speaker 1: trying to sell this to the American people. But the committees, 208 00:11:49,440 --> 00:11:51,480 Speaker 1: you know, the Intelligence Committee is here in Washington. They're 209 00:11:51,520 --> 00:11:53,760 Speaker 1: doing their work. They're bringing people in for depositions, and 210 00:11:53,760 --> 00:11:57,240 Speaker 1: they're issuing subpoenas, and part of that is to move 211 00:11:57,320 --> 00:11:59,800 Speaker 1: towards articles of impeachment by the end of the year. 212 00:12:00,080 --> 00:12:03,040 Speaker 1: They've been saying November. We've heard some saying December. But 213 00:12:03,120 --> 00:12:06,880 Speaker 1: I think there is a big kind of desire to 214 00:12:06,880 --> 00:12:09,880 Speaker 1: wrap this up this year before we get into the election. 215 00:12:09,880 --> 00:12:13,600 Speaker 1: I mean, so much has been talked anna about President Trump. 216 00:12:13,880 --> 00:12:18,240 Speaker 1: But can you imagine the flak that Speaker Pelosi would 217 00:12:18,240 --> 00:12:22,920 Speaker 1: get from AOC and that crowd if she didn't impeach. Yeah, 218 00:12:22,920 --> 00:12:24,640 Speaker 1: I think at this point, I mean, she'd be an 219 00:12:24,640 --> 00:12:27,080 Speaker 1: ineffective speaker of her party now. So she had no 220 00:12:27,200 --> 00:12:30,120 Speaker 1: choice politically but to do this well, and she promised 221 00:12:30,160 --> 00:12:32,680 Speaker 1: that she would, and it was these new allegations and 222 00:12:33,200 --> 00:12:36,640 Speaker 1: it wasn't the new allegations, and also a lot of 223 00:12:36,640 --> 00:12:39,520 Speaker 1: her moderate kind of front line members saying that they 224 00:12:39,520 --> 00:12:42,120 Speaker 1: were getting behind this. She always she says something really interesting. 225 00:12:42,200 --> 00:12:44,800 Speaker 1: When she was first elected speaker about impeachment. She always said, 226 00:12:45,120 --> 00:12:47,080 Speaker 1: you know, you don't impeach for political reasons, but you 227 00:12:47,160 --> 00:12:49,719 Speaker 1: don't not impeach for political reasons. And I think we 228 00:12:49,840 --> 00:12:53,880 Speaker 1: got to the point where not impeaching was clearly a 229 00:12:53,920 --> 00:12:56,840 Speaker 1: political calculation. She would be worried about the political impact, 230 00:12:57,200 --> 00:12:59,960 Speaker 1: and she just believes that now it's the constitutional thing 231 00:13:00,080 --> 00:13:02,800 Speaker 1: to do. What's she gonna do? If? Like and I mean, 232 00:13:02,840 --> 00:13:04,920 Speaker 1: I know, I hate we're all reporters here and we 233 00:13:04,920 --> 00:13:07,480 Speaker 1: hate doing hypotheticals. What's she gonna do if they bring 234 00:13:07,559 --> 00:13:09,839 Speaker 1: articles of impeachment though, and it fails to get a 235 00:13:09,880 --> 00:13:13,040 Speaker 1: conviction in the in the in the Republican controlled Senate, 236 00:13:13,280 --> 00:13:16,000 Speaker 1: and like a Russia putin call comes out. Anna. So 237 00:13:16,040 --> 00:13:18,760 Speaker 1: I actually think that might be best case scenario for 238 00:13:18,760 --> 00:13:22,520 Speaker 1: for Pelosi, because if the House impeaches and the Senate 239 00:13:22,559 --> 00:13:25,920 Speaker 1: doesn't remove him from office, then you have the election 240 00:13:25,960 --> 00:13:30,280 Speaker 1: in too kind of relitigate this in the American people. 241 00:13:30,600 --> 00:13:32,920 Speaker 1: If the Senate does remove him from office, that is 242 00:13:32,960 --> 00:13:36,720 Speaker 1: going to be so divisive, that's going to be so controversial. 243 00:13:36,760 --> 00:13:38,480 Speaker 1: We don't even know if he would leave. You know 244 00:13:38,520 --> 00:13:41,200 Speaker 1: what I learned? Okay, wait, well that's not We don't 245 00:13:41,200 --> 00:13:44,560 Speaker 1: know a better question. I don't want to get into 246 00:13:44,600 --> 00:13:47,160 Speaker 1: that world. But you know what I learned today? He 247 00:13:47,160 --> 00:13:49,520 Speaker 1: could run again. Oh yeah, he could. He could. He 248 00:13:49,520 --> 00:13:53,640 Speaker 1: could be convicted and then still run alright. James Holman, 249 00:13:53,679 --> 00:13:59,439 Speaker 1: the Washington Post, the Roy Cohen playbook. That's the playbook 250 00:13:59,559 --> 00:14:01,560 Speaker 1: that I have heard this since. Uh, this is why 251 00:14:01,679 --> 00:14:04,440 Speaker 1: you're very incredibly smart journalists who I look up to. 252 00:14:04,559 --> 00:14:06,959 Speaker 1: No bs because I haven't heard that name since the 253 00:14:07,000 --> 00:14:09,959 Speaker 1: campaign trail. And you write today about President Trump following 254 00:14:09,960 --> 00:14:12,480 Speaker 1: the Roy Cone playbook, Who is Roy Cone? And just 255 00:14:12,840 --> 00:14:15,280 Speaker 1: lay that out for us. Tell Us first became famous 256 00:14:15,280 --> 00:14:17,040 Speaker 1: here in d c. In the nineteen fifties as chief 257 00:14:17,080 --> 00:14:20,800 Speaker 1: counsel to Joseph McCarthy during the red baiting witch hunts. 258 00:14:20,800 --> 00:14:23,120 Speaker 1: Those were really witch hunts. And then he went to 259 00:14:23,160 --> 00:14:26,680 Speaker 1: New York and became a lawyer of some renowned worked 260 00:14:26,680 --> 00:14:30,000 Speaker 1: for the Mob among others, and uh took on a 261 00:14:30,120 --> 00:14:33,320 Speaker 1: young Donald Trump as a client in the late nineteen 262 00:14:33,400 --> 00:14:36,280 Speaker 1: seventies and what was going on in this He first 263 00:14:36,360 --> 00:14:41,120 Speaker 1: became Trump's lawyer when Trump was being sued by the 264 00:14:41,440 --> 00:14:46,160 Speaker 1: Justice Department, UH, the Jimmy Carter Justice Department, for racial 265 00:14:46,200 --> 00:14:50,640 Speaker 1: discrimination in the family's rental units. They were not renting 266 00:14:50,640 --> 00:14:54,240 Speaker 1: apartments to African American tenants and and there was pretty 267 00:14:54,280 --> 00:14:57,680 Speaker 1: strong evidence of that. They ended up fighting it for years. 268 00:14:57,840 --> 00:15:01,760 Speaker 1: Roy Cohne's perspective was always never of an inch, deny everything, 269 00:15:01,920 --> 00:15:06,520 Speaker 1: counter attack, and accuse your opponents of whatever you're being 270 00:15:06,760 --> 00:15:10,320 Speaker 1: accused of. And we've seen that for Trump's whole career. 271 00:15:10,480 --> 00:15:13,040 Speaker 1: That's that's how he fought the Justice Department in the seventies. 272 00:15:13,080 --> 00:15:16,040 Speaker 1: It's how he fought the Justice Department the last few 273 00:15:16,120 --> 00:15:18,440 Speaker 1: years when when he was being investigated by Bob Mueller. 274 00:15:18,720 --> 00:15:24,000 Speaker 1: And it's how he's responding to this whistle blur uh complaint, 275 00:15:24,120 --> 00:15:27,040 Speaker 1: which is he is not giving an inch. He continues 276 00:15:27,120 --> 00:15:29,920 Speaker 1: to maintain, including this afternoon in the Oval office, that 277 00:15:30,000 --> 00:15:32,360 Speaker 1: it was a perfect phone call, even though we've seen 278 00:15:32,400 --> 00:15:34,440 Speaker 1: a rough transcript in summary of it which shows that 279 00:15:34,480 --> 00:15:38,160 Speaker 1: it was not perfect. You know, he he I think 280 00:15:38,640 --> 00:15:42,440 Speaker 1: his believes that if he can just state forcefully and 281 00:15:42,520 --> 00:15:47,640 Speaker 1: repeatedly enough that it's not what people think and see, 282 00:15:48,240 --> 00:15:50,560 Speaker 1: that he can sort of change the conversation of money. 283 00:15:50,600 --> 00:15:52,840 Speaker 1: The Waters and James Holman at the Washington Post to 284 00:15:52,960 --> 00:15:55,760 Speaker 1: we're talking about the tactics that the president needs to 285 00:15:55,840 --> 00:16:00,520 Speaker 1: utilize in order to keep the Republican Party behind him. Really, uh, 286 00:16:00,640 --> 00:16:03,320 Speaker 1: we we've seen, I mean, I haven't found any Republican 287 00:16:03,320 --> 00:16:04,920 Speaker 1: senators who have said that they're going to vote to 288 00:16:04,960 --> 00:16:07,040 Speaker 1: convict the president should it get to that. We heard 289 00:16:07,040 --> 00:16:09,640 Speaker 1: from McConnell insinuate that it would be a very quick 290 00:16:09,680 --> 00:16:12,680 Speaker 1: type of trial. But we also saw over the weekend 291 00:16:12,680 --> 00:16:15,920 Speaker 1: on the Sunday shows as you point out some Republicans 292 00:16:15,920 --> 00:16:20,400 Speaker 1: who had grown uneasy with with the Roy Kane strategy. 293 00:16:20,560 --> 00:16:23,440 Speaker 1: Case in point, Congressman Adam Kissing. Yeah. So I think 294 00:16:23,440 --> 00:16:26,720 Speaker 1: there were two interesting things that happened. Okay, yeah, So 295 00:16:26,920 --> 00:16:31,280 Speaker 1: so Adam Kinsinger, congressman from the Chicago suburbs, he's a 296 00:16:31,280 --> 00:16:32,760 Speaker 1: war here, He's a he's a war here. He was 297 00:16:32,800 --> 00:16:36,640 Speaker 1: a pilot in Iraq and Afghanistan. And he was was 298 00:16:36,720 --> 00:16:39,720 Speaker 1: upset last night. I mean, the President was tweeting something 299 00:16:39,720 --> 00:16:42,320 Speaker 1: he was seeing on Fox News, which was a pastor 300 00:16:42,400 --> 00:16:45,480 Speaker 1: from Dallas was saying, if they try to impeach Trump, 301 00:16:45,480 --> 00:16:48,040 Speaker 1: we're gonna have another civil war and there's gonna be 302 00:16:48,080 --> 00:16:51,240 Speaker 1: a civil war in the country. And so trumpet like 303 00:16:51,280 --> 00:16:54,760 Speaker 1: an actual like with the Bayonets and and uh in 304 00:16:55,080 --> 00:16:58,920 Speaker 1: so Kinzinger says that, you know, this is basically disgusting 305 00:16:59,120 --> 00:17:01,360 Speaker 1: and a pres it into the United States shouldn't be 306 00:17:01,400 --> 00:17:05,840 Speaker 1: talking about civil war even Flippley and uh and and 307 00:17:05,920 --> 00:17:09,040 Speaker 1: he I think articulated what a lot of Republicans feel 308 00:17:09,080 --> 00:17:12,240 Speaker 1: but are afraid to say. And it's interesting because Kinsinger, 309 00:17:12,320 --> 00:17:17,320 Speaker 1: someone who was a Trump critic strongly and even and 310 00:17:17,359 --> 00:17:19,359 Speaker 1: then there was a certain point where he wanted to 311 00:17:19,400 --> 00:17:23,199 Speaker 1: become Air Force secretary, and so he had kind of 312 00:17:23,320 --> 00:17:26,400 Speaker 1: muted his rhetoric Trump for some time, so it's notable 313 00:17:26,480 --> 00:17:29,159 Speaker 1: now to see him kind of stepping back out. I 314 00:17:29,200 --> 00:17:30,720 Speaker 1: just think if you're getting in your car and your 315 00:17:30,720 --> 00:17:33,280 Speaker 1: way home from work, and and you're even if you're 316 00:17:33,280 --> 00:17:35,600 Speaker 1: outside of Washington and you've worked all day and you're 317 00:17:35,640 --> 00:17:37,640 Speaker 1: trying to figure out what's coming out of the news 318 00:17:37,680 --> 00:17:40,560 Speaker 1: of the Beltway, and now you've got politicians talking about 319 00:17:40,920 --> 00:17:44,760 Speaker 1: a civil war, phone calls forachment trees and all of 320 00:17:44,800 --> 00:17:48,760 Speaker 1: this stuff. I mean, it's it's it's hard to to 321 00:17:48,960 --> 00:17:52,359 Speaker 1: even I don't I mean, it's important and whatnot, but 322 00:17:52,440 --> 00:17:55,720 Speaker 1: it's it's just a lot of noise and almost anna. 323 00:17:56,359 --> 00:17:59,800 Speaker 1: I mean, I would argue a lot of folks independent voters, 324 00:17:59,800 --> 00:18:01,840 Speaker 1: it's expect a lot of noise coming from President Trump. 325 00:18:01,880 --> 00:18:04,000 Speaker 1: They don't expect it from Democrats. Is that maybe a 326 00:18:04,040 --> 00:18:06,560 Speaker 1: miscalculation to get down in the mud. I think this 327 00:18:06,600 --> 00:18:09,400 Speaker 1: was one, you know, explicit calculation from how speaker Nancy 328 00:18:09,440 --> 00:18:13,159 Speaker 1: Pelosi is. She evaluated this Ukraine allegation and something that 329 00:18:13,240 --> 00:18:15,760 Speaker 1: was kind of easier to digest for the American people. 330 00:18:16,119 --> 00:18:20,040 Speaker 1: The the Russia allegations and the obstruction of justice was 331 00:18:20,200 --> 00:18:23,760 Speaker 1: that were investigated by Special Counsel Robert Mueller. Had a 332 00:18:23,760 --> 00:18:26,879 Speaker 1: lot of names had you know, it was the the 333 00:18:26,920 --> 00:18:29,600 Speaker 1: president than candidate when he was kind of acting as 334 00:18:29,600 --> 00:18:31,359 Speaker 1: a businessman, kind of acting to the candidate. He had 335 00:18:31,359 --> 00:18:32,879 Speaker 1: a lot of associates that were doing a lot of 336 00:18:32,920 --> 00:18:35,679 Speaker 1: his dirty work. But when you look at this example, 337 00:18:35,720 --> 00:18:37,840 Speaker 1: the Ukrainian phone call, it's the president of the United 338 00:18:37,880 --> 00:18:42,400 Speaker 1: States speaking with a foreign power representing the United States 339 00:18:42,440 --> 00:18:47,560 Speaker 1: of America and appearing to abuse his power. So in 340 00:18:47,600 --> 00:18:50,200 Speaker 1: some ways that's easier to explain to the average voter, 341 00:18:50,280 --> 00:18:52,760 Speaker 1: to the average independent. I think it will get messy 342 00:18:52,840 --> 00:18:55,719 Speaker 1: for Democrats when you bring in the kind of muddying 343 00:18:55,760 --> 00:18:57,840 Speaker 1: the waters with Joe Biden and what his son was doing, 344 00:18:58,240 --> 00:19:01,760 Speaker 1: because the Republican senators are literally ready to go because 345 00:19:01,760 --> 00:19:06,720 Speaker 1: there are questions of nepotism, nepotism, nepotism for Hunter Biden, 346 00:19:06,760 --> 00:19:11,680 Speaker 1: Are there not? Are there not? James Holman absolutely, I 347 00:19:11,720 --> 00:19:14,600 Speaker 1: mean this is this is going to be a central 348 00:19:14,640 --> 00:19:17,960 Speaker 1: fault line of the campaign. And just quickly, McConnell says, 349 00:19:18,000 --> 00:19:20,640 Speaker 1: a quick trial in the Senate. How quick are we talking? 350 00:19:20,680 --> 00:19:23,840 Speaker 1: And what's take us inside McConnell. McConnell has no choice 351 00:19:23,880 --> 00:19:25,880 Speaker 1: but to bring up embriachment. He there's a nine page 352 00:19:25,880 --> 00:19:29,040 Speaker 1: Sentate rule. That's what mconnell was referring to. The thing 353 00:19:29,160 --> 00:19:32,560 Speaker 1: is what he could do is bring up impeachment. They 354 00:19:32,600 --> 00:19:35,480 Speaker 1: have to take it up officially within twenty four hours 355 00:19:35,480 --> 00:19:40,120 Speaker 1: at noon the day after the House carries over the impeachment. 356 00:19:40,920 --> 00:19:42,359 Speaker 1: So they have, yeah, they have, but but they have 357 00:19:42,400 --> 00:19:43,919 Speaker 1: to take up with the twenty four hours and McConnell 358 00:19:43,960 --> 00:19:45,960 Speaker 1: can't kind of hold and wait for a good time 359 00:19:46,000 --> 00:19:48,560 Speaker 1: to take it up. But and when we saw this 360 00:19:48,600 --> 00:19:53,119 Speaker 1: happen in Republicans could put up a motion, a simple 361 00:19:53,160 --> 00:19:57,920 Speaker 1: majority motion to dismiss the charges, and so they McConnell 362 00:19:57,960 --> 00:19:59,959 Speaker 1: could take it up, and then they could just say, 363 00:20:00,160 --> 00:20:03,080 Speaker 1: you know, some Republican senator could move to dismiss and 364 00:20:03,160 --> 00:20:05,520 Speaker 1: they would just need fifty one votes. They have they have, 365 00:20:07,840 --> 00:20:10,280 Speaker 1: but but yeah, so they're there there. It will be interesting. 366 00:20:10,359 --> 00:20:13,800 Speaker 1: McConnell will do whatever politically makes sense for McConnell. And 367 00:20:13,800 --> 00:20:16,840 Speaker 1: I remember Mitch McConnell, who does control the Senate in 368 00:20:16,880 --> 00:20:19,520 Speaker 1: a lot of ways, up for re election in Kentucky. 369 00:20:19,840 --> 00:20:22,359 Speaker 1: I saw some private polling just last week from Republicans 370 00:20:22,520 --> 00:20:26,160 Speaker 1: that showed Trump vastly more popular in Kentucky than Mitch McConnell. 371 00:20:26,200 --> 00:20:28,840 Speaker 1: So McConnell was very little incentive to do anything to 372 00:20:28,920 --> 00:20:31,560 Speaker 1: upset the president. He has every incentive to keep himself 373 00:20:31,600 --> 00:20:35,000 Speaker 1: tightly knit to the president and so that that will 374 00:20:35,040 --> 00:20:38,280 Speaker 1: shape how they approach things. On the other hand, McConnell 375 00:20:38,359 --> 00:20:41,640 Speaker 1: can't be seen as as sort of shutting. I mean, 376 00:20:43,320 --> 00:20:47,280 Speaker 1: I will just say this, a master of politics. There 377 00:20:47,320 --> 00:20:50,280 Speaker 1: isn't one politician in this town who is more of 378 00:20:50,280 --> 00:20:54,000 Speaker 1: a political chess player than Mitch McConnell, bar none, bar none, 379 00:20:54,000 --> 00:20:57,280 Speaker 1: on either side. Coming up panel stays James Holman at 380 00:20:57,280 --> 00:21:00,320 Speaker 1: the Washington Post and entertained Bloomberg News Politics Editor. Download 381 00:21:00,320 --> 00:21:03,560 Speaker 1: Bloomberg Sound On podcast on Apple iTunes, at Bloomberg dot com, 382 00:21:03,680 --> 00:21:05,800 Speaker 1: or by downloading the Bloomberg Business app. You can also 383 00:21:05,840 --> 00:21:08,520 Speaker 1: find us on Radio dot Com, I Heart Radio, and Spotify. 384 00:21:08,560 --> 00:21:13,200 Speaker 1: We're talking next, Joe Biden is out with a wealth tax. 385 00:21:13,280 --> 00:21:15,359 Speaker 1: Well we'll dive into a coming up. I'm Kevin Cirelli, 386 00:21:15,440 --> 00:21:18,040 Speaker 1: Chief Washington correspondent from Bloomberg TV and Radio. You're listening 387 00:21:18,040 --> 00:21:27,560 Speaker 1: to Bloomberg. This is Bloomberg Sound On with Kevin Shirley 388 00:21:27,880 --> 00:21:31,520 Speaker 1: on Bloomberg and one oh five point seven F M 389 00:21:31,640 --> 00:21:37,840 Speaker 1: H D two for Jacobs. Just emailed us. Uh just 390 00:21:37,920 --> 00:21:39,840 Speaker 1: emailed me and said Steve Bannon is gonna be on 391 00:21:39,920 --> 00:21:43,800 Speaker 1: Fox Business tonight. They're bringing back man at folks. He's 392 00:21:43,800 --> 00:21:47,360 Speaker 1: gonna be talking. I'm assuming about about this impeachment inquiry. 393 00:21:47,440 --> 00:21:50,680 Speaker 1: To all stars, To all stars to help us navigate 394 00:21:50,720 --> 00:21:53,280 Speaker 1: through today. James Home and national political correspondent for The 395 00:21:53,280 --> 00:21:55,840 Speaker 1: Washington Post, author of The Daily two oh two, and 396 00:21:56,119 --> 00:21:59,880 Speaker 1: Edgerton's here Bloomberg News Politics editor. I'm Kevin Cirelli, chief 397 00:22:00,280 --> 00:22:03,480 Speaker 1: correspondent for Bloomberg TV and Bloomberg Radio. All right, let's 398 00:22:03,520 --> 00:22:06,960 Speaker 1: let's talk to uh. Let's talk about did you guys 399 00:22:07,000 --> 00:22:12,359 Speaker 1: see Joe Biden. He's flirting with the idea of I 400 00:22:12,359 --> 00:22:15,080 Speaker 1: don't even know how they're marketing this. He's flirting with 401 00:22:15,119 --> 00:22:18,440 Speaker 1: the idea of of a Wall Street tax. James helped 402 00:22:18,440 --> 00:22:20,040 Speaker 1: me understand this. I thought he was supposed to be 403 00:22:20,080 --> 00:22:23,800 Speaker 1: the moderate. Well, they they recognize the energies on the 404 00:22:23,880 --> 00:22:25,480 Speaker 1: left right now. I've spent a lot of time on 405 00:22:25,480 --> 00:22:27,600 Speaker 1: the campaign trail recently, and I will tell you that 406 00:22:27,800 --> 00:22:30,800 Speaker 1: the biggest applause line on Elizabeth Warren stump speeches when 407 00:22:30,880 --> 00:22:33,320 Speaker 1: she calls for her two percent wealth text on people 408 00:22:33,320 --> 00:22:36,240 Speaker 1: who have assets over fifty million dollars a year. And 409 00:22:36,320 --> 00:22:38,199 Speaker 1: it's not what she's going to use the money to 410 00:22:38,240 --> 00:22:41,040 Speaker 1: pay for, it's just the idea of, you know, kind 411 00:22:41,040 --> 00:22:44,840 Speaker 1: of the pitchfork populism. Two cents they chant, and and 412 00:22:44,960 --> 00:22:47,480 Speaker 1: Bernie Sanders came out last week said he's going to 413 00:22:47,560 --> 00:22:49,960 Speaker 1: do a three percent wealth text to be bigger than 414 00:22:50,080 --> 00:22:53,280 Speaker 1: Elizabeth Warren's. And that's the zeitgeist on the left right now, 415 00:22:53,320 --> 00:22:55,720 Speaker 1: there is a lurch to the left. That's the and 416 00:22:55,720 --> 00:22:59,359 Speaker 1: and Biden is worried about being eclipsed in early polling 417 00:22:59,400 --> 00:23:03,679 Speaker 1: in Iowa, in New Hampshire by Warren. So what this is, Kevin, 418 00:23:03,760 --> 00:23:06,480 Speaker 1: is a trial balloon. They're they're floating it to see 419 00:23:06,880 --> 00:23:10,440 Speaker 1: kind of like getting back from the donor community, that 420 00:23:10,520 --> 00:23:12,080 Speaker 1: kind of thing. James and I know we're all in 421 00:23:12,119 --> 00:23:16,520 Speaker 1: agreement here, but this, this to me, sounds like such 422 00:23:16,520 --> 00:23:19,359 Speaker 1: a political trap for the Biden campaign to walk into. 423 00:23:19,440 --> 00:23:23,080 Speaker 1: They are never going to out maneuver Elizabeth Warren and 424 00:23:23,200 --> 00:23:28,400 Speaker 1: Bernie Sanders on regulating Wall Street. Biden's already You're you're 425 00:23:28,480 --> 00:23:30,760 Speaker 1: right on that, and you why are they doing that? 426 00:23:30,760 --> 00:23:33,000 Speaker 1: That's that I think that Biden's trying to find some 427 00:23:33,080 --> 00:23:35,480 Speaker 1: kind of middle ground where he doesn't want to be 428 00:23:35,560 --> 00:23:40,880 Speaker 1: portrayed by Warren as a corporate as Democrat. But yeah, exactly, 429 00:23:40,920 --> 00:23:44,439 Speaker 1: and Biden also, you know, Biden is still vulnerable for 430 00:23:44,560 --> 00:23:47,800 Speaker 1: calling for getting rid of the Trump tax cuts. He's 431 00:23:47,800 --> 00:23:49,720 Speaker 1: already going to get attacked on that, and and the 432 00:23:49,960 --> 00:23:53,760 Speaker 1: Biden folks are cognizant of that. They recognize sort of 433 00:23:53,800 --> 00:23:55,720 Speaker 1: the political catch twenty two that they're in. And they're 434 00:23:55,720 --> 00:23:58,439 Speaker 1: in a doubly hard spot now, Kevin, because they have 435 00:23:58,520 --> 00:24:04,639 Speaker 1: to fend off a kind of and then you know 436 00:24:04,720 --> 00:24:07,840 Speaker 1: last Ukraine, right last week, Trump announced the Trump campaign 437 00:24:07,840 --> 00:24:10,959 Speaker 1: and they're gonna spend ten million dollars on ads against Biden. 438 00:24:11,240 --> 00:24:13,040 Speaker 1: So there are Biden folks at the same time they're 439 00:24:13,040 --> 00:24:16,000 Speaker 1: talking about the Wealth text also talking about starting a 440 00:24:16,040 --> 00:24:19,639 Speaker 1: super pack that can help defend Biden and do attack 441 00:24:19,720 --> 00:24:22,760 Speaker 1: some of his critics on the life I I and Edgerton. 442 00:24:22,880 --> 00:24:25,440 Speaker 1: I mean Elizabeth Warren. Now, if she's not neck and 443 00:24:25,480 --> 00:24:27,680 Speaker 1: neck with Joe Biden the polls, she's leading him in 444 00:24:27,800 --> 00:24:30,600 Speaker 1: some polls mom at University, has her, has her leading 445 00:24:30,640 --> 00:24:34,399 Speaker 1: Biden in Iowa and New Hampshire. At what point do 446 00:24:35,760 --> 00:24:38,640 Speaker 1: Obviously Warren has gained last week, But are there other 447 00:24:38,760 --> 00:24:42,320 Speaker 1: centrist candidates, whether it's Pee Boodh Jedge, Corey Booker, who 448 00:24:42,320 --> 00:24:45,400 Speaker 1: am I forgetting Kamala Harris or any one of those 449 00:24:45,400 --> 00:24:49,080 Speaker 1: other betto over work any one of those four? Could 450 00:24:49,080 --> 00:24:52,600 Speaker 1: they pop up if if Biden just starts to really 451 00:24:52,760 --> 00:24:55,640 Speaker 1: not be able to continue on. Yeah, one thing we're 452 00:24:55,680 --> 00:24:58,240 Speaker 1: seeing is I think it's a little bit late for 453 00:24:58,640 --> 00:25:01,160 Speaker 1: other candidates to catch them item. You know, there's no 454 00:25:01,200 --> 00:25:05,000 Speaker 1: one who really has it. Seems like Biden is the centrist, 455 00:25:05,359 --> 00:25:07,920 Speaker 1: Warren is the Progressive, and there's no one else who's 456 00:25:07,920 --> 00:25:09,520 Speaker 1: really caught up to them yet. And the fact that 457 00:25:09,600 --> 00:25:13,520 Speaker 1: Biden is presenting this wealth tax now really to me 458 00:25:13,800 --> 00:25:16,480 Speaker 1: shows that we are in this moment of questioning capitalism 459 00:25:16,480 --> 00:25:19,560 Speaker 1: and questioning the fairness of our system and how maybe 460 00:25:19,560 --> 00:25:24,160 Speaker 1: even within the confines of capitalism, it needs to be regulated, taxed, 461 00:25:24,359 --> 00:25:27,359 Speaker 1: somehow rearranged in order to make it more fair to 462 00:25:27,400 --> 00:25:29,720 Speaker 1: close the income gap. Part of the problem is that 463 00:25:30,040 --> 00:25:34,359 Speaker 1: taxes target wages largely capital gains tax as much lower 464 00:25:34,400 --> 00:25:36,720 Speaker 1: as capital gains are tax at a much lower rate 465 00:25:36,920 --> 00:25:41,000 Speaker 1: than wages. So if you raise taxes, you can't raise 466 00:25:41,119 --> 00:25:44,760 Speaker 1: income taxes because you're going to get professionals that earned wages. 467 00:25:44,800 --> 00:25:49,000 Speaker 1: If you want to get the wealthiest individuals, you have 468 00:25:49,119 --> 00:25:51,480 Speaker 1: to find another way. So you have to find another 469 00:25:51,480 --> 00:25:53,359 Speaker 1: way to kind of get at that wealth that is 470 00:25:53,440 --> 00:25:56,760 Speaker 1: largely earned from investments and other kind of non traditional 471 00:25:56,840 --> 00:25:59,520 Speaker 1: forms of income. This is why and all star Christian 472 00:25:59,520 --> 00:26:02,600 Speaker 1: knows the ends announce of taxes better than virtually any 473 00:26:02,680 --> 00:26:04,840 Speaker 1: c PA in the country. All right, can we we 474 00:26:04,840 --> 00:26:06,800 Speaker 1: were talking about Elizabeth Warren. Let's take a listen to 475 00:26:06,800 --> 00:26:09,600 Speaker 1: Elizabeth Warren talking, I believe the other day out on 476 00:26:09,640 --> 00:26:13,560 Speaker 1: the campaign trail about she was in Michigan on Sunday 477 00:26:13,800 --> 00:26:17,639 Speaker 1: about impeachment. Here's Elizabeth Warren. He now has admitted to 478 00:26:17,720 --> 00:26:23,040 Speaker 1: soliciting a foreign government to interfere in our election. That 479 00:26:23,280 --> 00:26:27,199 Speaker 1: is an impeachable offense. Um, So I am glad for 480 00:26:27,240 --> 00:26:30,920 Speaker 1: the House to do the investigation. But looks pretty clear 481 00:26:30,960 --> 00:26:33,360 Speaker 1: to me what's going on. He wants to mail to defense. 482 00:26:33,480 --> 00:26:36,080 Speaker 1: I'm certainly willing to listen to it. But that's the 483 00:26:36,119 --> 00:26:38,560 Speaker 1: evidence that's in front of us right now. She was 484 00:26:38,600 --> 00:26:43,040 Speaker 1: the first. She was the first Democratic presidential candidate to 485 00:26:43,119 --> 00:26:47,640 Speaker 1: call for his impeachment. Elizabeth Warren has her pulse on 486 00:26:47,920 --> 00:26:51,280 Speaker 1: where the progressive base is James, and she has for 487 00:26:51,280 --> 00:26:54,439 Speaker 1: for for quite a while. Yeah, it's just interesting she 488 00:26:54,480 --> 00:26:58,440 Speaker 1: made those comments in South Carolina, and uh, there was 489 00:26:58,480 --> 00:27:00,800 Speaker 1: a pole that came out from CNN yesterday that shows 490 00:27:00,800 --> 00:27:03,439 Speaker 1: she's really struggling in South Carolina to making roads with 491 00:27:03,440 --> 00:27:07,480 Speaker 1: African American voters. She is doing really well among college 492 00:27:07,600 --> 00:27:12,000 Speaker 1: educated white voters, liberal white liberals, I should say, but 493 00:27:12,119 --> 00:27:14,919 Speaker 1: she really is still kind of scary to a lot 494 00:27:15,000 --> 00:27:19,960 Speaker 1: of moderate Democrats and uh, just as not making getting 495 00:27:20,000 --> 00:27:23,040 Speaker 1: traction with with African American based voters. And so it 496 00:27:23,160 --> 00:27:25,359 Speaker 1: is I think she does. She does have kind of 497 00:27:25,400 --> 00:27:28,600 Speaker 1: the zeitgeist to the party right now. But she she 498 00:27:28,720 --> 00:27:30,959 Speaker 1: her she has a challenge too. It's not just Joe Biden. 499 00:27:30,960 --> 00:27:36,480 Speaker 1: And her challenges is one portraying herself as electable. She 500 00:27:36,600 --> 00:27:39,160 Speaker 1: was a Republican not that long ago, not that and 501 00:27:39,160 --> 00:27:41,000 Speaker 1: and and that's and I think, but that's her, that's 502 00:27:41,000 --> 00:27:44,240 Speaker 1: her challenge. I think one moment where Elizabeth Warren had 503 00:27:44,280 --> 00:27:45,879 Speaker 1: a little bit of a misstep is when she actually 504 00:27:45,880 --> 00:27:48,600 Speaker 1: called for the impeachment of Justice Kavanaugh. I think that 505 00:27:48,680 --> 00:27:50,720 Speaker 1: was something that's going to turn off a lot of 506 00:27:51,040 --> 00:27:54,400 Speaker 1: general election voters who are maybe open to her all 507 00:27:54,440 --> 00:27:56,600 Speaker 1: of her plans, you know, all of her economic plans, 508 00:27:56,720 --> 00:28:00,199 Speaker 1: you know her talk about economic disparity. But when kind 509 00:28:00,200 --> 00:28:03,639 Speaker 1: of jumped to the partisan position of wanting to impeach 510 00:28:03,720 --> 00:28:07,600 Speaker 1: Kavanaugh before she even had the facts about the new 511 00:28:07,640 --> 00:28:11,000 Speaker 1: allegations at surfaced, I think I saw a lot of 512 00:28:11,040 --> 00:28:15,080 Speaker 1: commentary from independent voters who were really turned off by that. 513 00:28:15,160 --> 00:28:17,359 Speaker 1: She seemed to have this knee jerk political reaction in 514 00:28:17,359 --> 00:28:20,320 Speaker 1: a way that undermines kind of her wonky image as 515 00:28:20,320 --> 00:28:22,679 Speaker 1: someone who has the solutions to most of America's problem 516 00:28:23,440 --> 00:28:25,600 Speaker 1: And I totally agree. But you know what it was 517 00:28:25,640 --> 00:28:28,720 Speaker 1: also interesting is there's one of my favorite Barack Obama 518 00:28:28,800 --> 00:28:30,440 Speaker 1: quotes from the last few years is he was quoted, 519 00:28:30,480 --> 00:28:32,080 Speaker 1: I think for a book where he said, you look 520 00:28:32,119 --> 00:28:34,680 Speaker 1: Elizabeth Warren as a politician just like all of us too, 521 00:28:35,040 --> 00:28:37,840 Speaker 1: And it was really interesting. She stumbled. Last week also 522 00:28:38,280 --> 00:28:42,680 Speaker 1: in New Hampshire or Washington Post reporter asked whether under 523 00:28:42,720 --> 00:28:46,320 Speaker 1: her ethics plan, she would allow her vice president's son 524 00:28:46,440 --> 00:28:48,680 Speaker 1: to be on the board of directors of a Ukrainian company, 525 00:28:48,880 --> 00:28:51,440 Speaker 1: and she stammered very unlike her, she's very usually you know, 526 00:28:51,480 --> 00:28:54,440 Speaker 1: message discipline, and she said, I don't know what my 527 00:28:54,480 --> 00:28:56,440 Speaker 1: plan says that I'm not familiar with that part of 528 00:28:56,480 --> 00:28:59,080 Speaker 1: my plan. And she really struggled and then said no, 529 00:28:59,160 --> 00:29:01,000 Speaker 1: and then sort of said yeah. She still doesn't have 530 00:29:01,000 --> 00:29:03,200 Speaker 1: a very good answer. And it's a reminder that she's 531 00:29:03,200 --> 00:29:05,960 Speaker 1: a politician and and and into some of this, but 532 00:29:06,000 --> 00:29:08,080 Speaker 1: it's also a reminder that she doesn't want to go 533 00:29:08,160 --> 00:29:10,360 Speaker 1: after by I mean, yeah, that was a great report 534 00:29:10,440 --> 00:29:13,800 Speaker 1: by her whoever who did that. Yeah, any she's awesome. 535 00:29:13,880 --> 00:29:16,440 Speaker 1: We gotta get her, she gotta come on. Um. But 536 00:29:16,520 --> 00:29:18,120 Speaker 1: that was a great, great moment. And she was at 537 00:29:18,120 --> 00:29:20,320 Speaker 1: the ball. I believe she used to be a reporter 538 00:29:20,320 --> 00:29:22,560 Speaker 1: at the Boston Globe. Yeah, so she knows. She's like, 539 00:29:22,960 --> 00:29:24,680 Speaker 1: you know, all star war. Well, all right, coming up, 540 00:29:24,800 --> 00:29:28,040 Speaker 1: what's on the panel's radar? I can preview this for me. 541 00:29:28,080 --> 00:29:30,360 Speaker 1: I mean, MBS was on sixty minutes with CBS will 542 00:29:30,360 --> 00:29:33,280 Speaker 1: dive into that panel, stays I'm Kevin Sili, Chief Washington 543 00:29:33,320 --> 00:29:36,600 Speaker 1: correspondent fro Bloomberg TV and Bloomberg Radio. You're listening to Bloomberg. 544 00:29:41,520 --> 00:29:46,080 Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg 545 00:29:47,200 --> 00:29:49,600 Speaker 1: and one oh five points seven F M h D two. 546 00:29:50,080 --> 00:29:53,080 Speaker 1: I'm Kevin Sireli, chief Washington correspondent from Bloomberg Television and 547 00:29:53,120 --> 00:29:57,120 Speaker 1: Bloomberg Radio. I'm joined by James Holman, national political correspondent 548 00:29:57,160 --> 00:29:59,960 Speaker 1: for the Washington Post. He also writes the Daily two 549 00:30:00,160 --> 00:30:02,200 Speaker 1: two for the Post. Be sure to check that out. 550 00:30:02,280 --> 00:30:05,160 Speaker 1: And Anna Edgerton is here, a Bloomberg News politics editor. 551 00:30:05,160 --> 00:30:07,440 Speaker 1: All right, we've talked enough about impeachment. We've talked enough 552 00:30:07,440 --> 00:30:09,920 Speaker 1: about what else is going on? James home and what's 553 00:30:09,960 --> 00:30:13,080 Speaker 1: on your radar? Yes, so, Kevin, today, the some of 554 00:30:13,120 --> 00:30:14,800 Speaker 1: the other big news that sort of has gotten lost 555 00:30:14,800 --> 00:30:17,320 Speaker 1: as Chris Collins, a congressman from upstate New York represents 556 00:30:17,360 --> 00:30:21,240 Speaker 1: the Buffalo area, resigned or is going to resign effective 557 00:30:21,240 --> 00:30:24,040 Speaker 1: tomorrow as part of a plea deal related to insider 558 00:30:24,080 --> 00:30:27,760 Speaker 1: trading charges that came up. He uh Trump, he big, 559 00:30:27,840 --> 00:30:29,880 Speaker 1: he was so he was the first member of Congress 560 00:30:29,880 --> 00:30:35,040 Speaker 1: to endorse Trump in and uh the he actually, according 561 00:30:35,080 --> 00:30:37,880 Speaker 1: to prosecutors, he was at the White House picnic he 562 00:30:38,000 --> 00:30:41,320 Speaker 1: got word that this Australia biotech company he had geared 563 00:30:41,560 --> 00:30:44,760 Speaker 1: and pushed his friends and family towards there. Some big 564 00:30:44,800 --> 00:30:46,880 Speaker 1: trial had failed, so he called his son from the 565 00:30:46,880 --> 00:30:50,120 Speaker 1: White House lawn during picnic. Trump was having told him 566 00:30:50,120 --> 00:30:53,560 Speaker 1: to dump the stock. The son did, who also has 567 00:30:53,600 --> 00:30:58,520 Speaker 1: been charged according to prosecutors. That's that's what happened. And so, uh, 568 00:30:58,560 --> 00:31:00,600 Speaker 1: it's it's a big deal because you know, we heard 569 00:31:00,600 --> 00:31:02,640 Speaker 1: some sound earlier this hour of Trump saying we need 570 00:31:02,680 --> 00:31:04,720 Speaker 1: to drain the swamp. That's why I'm here to drain 571 00:31:04,760 --> 00:31:08,920 Speaker 1: the swamp. And Collins's guilty plea after saying he was 572 00:31:08,960 --> 00:31:10,440 Speaker 1: going to fight the charges to the end, is a 573 00:31:10,440 --> 00:31:13,160 Speaker 1: reminder that the swamp has not been drained and he's out. 574 00:31:13,240 --> 00:31:16,520 Speaker 1: I mean, wow, that's that's wow. Wow, that's a great one. Yeah. Blank, 575 00:31:16,600 --> 00:31:18,960 Speaker 1: And you'll miss that and entertain what's on your radar. Sorry, 576 00:31:18,960 --> 00:31:21,160 Speaker 1: I'm still looking for impeachment news. I'm really looking to 577 00:31:21,200 --> 00:31:23,560 Speaker 1: see who from the State Department is going to show 578 00:31:23,600 --> 00:31:25,480 Speaker 1: up for the depositions and if there's any kind of 579 00:31:25,560 --> 00:31:28,880 Speaker 1: executive privilege asserted over the testimony, there will be. I 580 00:31:28,880 --> 00:31:30,720 Speaker 1: mean they're gonna have to Yeah, we'll see. I mean, 581 00:31:31,000 --> 00:31:34,360 Speaker 1: you know, it's it's a hard it's a hard line 582 00:31:34,400 --> 00:31:37,080 Speaker 1: for the for the White House. The more they stone 583 00:31:37,080 --> 00:31:40,040 Speaker 1: wall and the more they try to block what people 584 00:31:40,080 --> 00:31:42,280 Speaker 1: can say, the more that open that they open themselves 585 00:31:42,360 --> 00:31:45,280 Speaker 1: up to charges of obstruction of Congress, and that could 586 00:31:45,320 --> 00:31:47,600 Speaker 1: be one of the articles of impeachment. So they're kind 587 00:31:47,600 --> 00:31:52,160 Speaker 1: of have this newly delicate dance between allowing testimony to 588 00:31:52,160 --> 00:31:54,960 Speaker 1: go forward and trying to, you know, use all of 589 00:31:55,000 --> 00:31:59,240 Speaker 1: the administrative ways they can to to restrict what can 590 00:31:59,240 --> 00:32:02,320 Speaker 1: be said. You think gets to the point where Trump, 591 00:32:02,400 --> 00:32:04,720 Speaker 1: President Trump has to give a national type of address 592 00:32:04,760 --> 00:32:07,800 Speaker 1: akin to what President Clinton had to do. Does any 593 00:32:07,920 --> 00:32:11,000 Speaker 1: use Twitter for that? But good question? But does he 594 00:32:11,120 --> 00:32:14,560 Speaker 1: want to use a serious true? No, that's very true. 595 00:32:14,680 --> 00:32:17,760 Speaker 1: But does he want to give a serious type of um, 596 00:32:17,800 --> 00:32:20,880 Speaker 1: you know, every network cuts into it with he has 597 00:32:21,040 --> 00:32:23,880 Speaker 1: he has disliked the sitting behind the desk in the 598 00:32:23,880 --> 00:32:27,720 Speaker 1: oval office approach, I think. But there in the life 599 00:32:27,760 --> 00:32:31,320 Speaker 1: start from the Republicans start to continuously hammer on, hey, 600 00:32:31,400 --> 00:32:33,280 Speaker 1: take a different tone when you're on the phone with 601 00:32:33,320 --> 00:32:35,400 Speaker 1: a foreign leader. Maybe not a good time to play 602 00:32:35,400 --> 00:32:38,600 Speaker 1: Fox News pundit than the independence might want to hear that. 603 00:32:38,880 --> 00:32:41,480 Speaker 1: I do know from reporting that the Trump campaign that 604 00:32:41,520 --> 00:32:43,680 Speaker 1: Trump wants to get out there and do more rallies. 605 00:32:44,000 --> 00:32:46,720 Speaker 1: The White House is preparing to launch an impeachment war room, 606 00:32:47,200 --> 00:32:50,760 Speaker 1: and they're going to Trump wants to be out there 607 00:32:50,760 --> 00:32:53,520 Speaker 1: punching back having having big rallies. All right, What was 608 00:32:53,560 --> 00:32:56,320 Speaker 1: on my radar was sixty minutes they kicked off their 609 00:32:56,320 --> 00:33:00,200 Speaker 1: fifty second season premiere on CBS and Mohammed been seen. 610 00:33:00,240 --> 00:33:03,520 Speaker 1: That was the big interview with correspondent Nora O'Donnell. Take 611 00:33:03,560 --> 00:33:05,240 Speaker 1: a listen to what MBS had to say about the 612 00:33:05,320 --> 00:33:07,960 Speaker 1: killing of Tamaka Shoki. Here it is, this was a 613 00:33:07,960 --> 00:33:12,040 Speaker 1: heinous crime, but I take full responsibility as a leader 614 00:33:12,080 --> 00:33:15,760 Speaker 1: in Saudi Arabia, especially since it was committed by individuals 615 00:33:16,000 --> 00:33:19,040 Speaker 1: working for the Saudi government. So he's saying that he 616 00:33:19,080 --> 00:33:22,920 Speaker 1: takes full responsibility. He also touched on uh the September 617 00:33:23,040 --> 00:33:25,760 Speaker 1: attack on Saudi oil facilities, which he said the attack 618 00:33:25,800 --> 00:33:28,680 Speaker 1: didn't hit the heart of the Saudi energy industry, but 619 00:33:28,840 --> 00:33:32,680 Speaker 1: rather the heart of the global energy industry. Uh And 620 00:33:32,680 --> 00:33:35,680 Speaker 1: and this question was great by Nora o'donald because she 621 00:33:35,800 --> 00:33:37,959 Speaker 1: asked him whether or not there's a there's a female 622 00:33:37,960 --> 00:33:41,760 Speaker 1: activist who have been tortured in a Saudi prison named 623 00:33:41,960 --> 00:33:46,760 Speaker 1: lou Haine al Hafulal and uh he says, quote, if 624 00:33:46,760 --> 00:33:50,200 Speaker 1: this is correct, it is very heinous Islam forbids torture 625 00:33:50,280 --> 00:33:54,080 Speaker 1: and the Saudi laws forbid torture, human conscious forbids torture. 626 00:33:54,080 --> 00:33:57,520 Speaker 1: And I will personally follow up on this matter. And Edgergon, 627 00:33:57,600 --> 00:33:59,400 Speaker 1: did he do what he did, MBS do what he 628 00:33:59,440 --> 00:34:03,640 Speaker 1: needed to do to maybe get his reputation back on 629 00:34:03,760 --> 00:34:06,560 Speaker 1: the right track or maybe on better firm footing. That 630 00:34:06,680 --> 00:34:09,080 Speaker 1: will certainly seemed like he was speaking, you know, especially 631 00:34:09,160 --> 00:34:13,200 Speaker 1: to the US investment community too, to make sure that 632 00:34:13,760 --> 00:34:17,279 Speaker 1: it's not damaging the relationship that Saudi Arabia has with 633 00:34:17,320 --> 00:34:19,720 Speaker 1: the rest of the world. Um as you were saying 634 00:34:19,719 --> 00:34:22,320 Speaker 1: this and all the things that you know, the Crown 635 00:34:22,360 --> 00:34:24,720 Speaker 1: France either knew or didn't know. I'm thinking to myself, 636 00:34:24,800 --> 00:34:26,760 Speaker 1: I wish I could see the transcript of his conversation 637 00:34:26,800 --> 00:34:29,880 Speaker 1: with the president. Yeah. I just think this week is 638 00:34:29,920 --> 00:34:33,440 Speaker 1: the one year anniversary of my colleague Jamal ka Showgies murder. 639 00:34:33,719 --> 00:34:35,160 Speaker 1: And I don't think we can forget him, and we 640 00:34:35,160 --> 00:34:37,400 Speaker 1: shouldn't forget him. And and there really still hasn't been 641 00:34:37,440 --> 00:34:43,200 Speaker 1: accountability for the regime in Riod, very very very true, 642 00:34:43,560 --> 00:34:47,279 Speaker 1: factual reporting from James Holman of the Washington Post. So 643 00:34:47,320 --> 00:34:50,120 Speaker 1: appreciative of you joining us. He's the national political correspondent 644 00:34:50,120 --> 00:34:51,960 Speaker 1: for the Washington Post and the author of the daily 645 00:34:51,960 --> 00:34:54,319 Speaker 1: two oh two. I've been an admirer of his since 646 00:34:54,360 --> 00:34:56,600 Speaker 1: I looked up to him at Politico, where I used 647 00:34:56,600 --> 00:34:59,760 Speaker 1: to work and edred Jim Bloomberg News politics editor, also 648 00:35:00,280 --> 00:35:03,680 Speaker 1: tax wonk at heart. We appreciate you breaking down all 649 00:35:03,680 --> 00:35:06,720 Speaker 1: of that. Download the Bloomberg sald On podcasts on Apple iTunes, 650 00:35:06,719 --> 00:35:09,520 Speaker 1: at Bloomberg dot com, or by downloading The Bloomberg Business Happen. 651 00:35:09,520 --> 00:35:11,080 Speaker 1: You can also find us on radio dot com, I 652 00:35:11,160 --> 00:35:13,560 Speaker 1: Heart Radio, and Spotify. I'm Kevin Sirelli. You're listening to 653 00:35:13,600 --> 00:35:14,040 Speaker 1: Bloomberg