1 00:00:01,639 --> 00:00:06,160 Speaker 1: Now from our nation's capital. This is Bloomberg Sound on 2 00:00:06,800 --> 00:00:09,280 Speaker 1: people want to move away from politics as you hit Thanksgiving, 3 00:00:09,280 --> 00:00:11,320 Speaker 1: as you hit Christmas, as we're spending time with families, 4 00:00:11,320 --> 00:00:13,040 Speaker 1: as we're trying to figure out how we're gonna fill 5 00:00:13,039 --> 00:00:15,360 Speaker 1: our oils. Our goal is to see to it that 6 00:00:15,400 --> 00:00:20,239 Speaker 1: our relationship with Saudi Arabia is calibrated and recalibrated. Bloomberg 7 00:00:20,440 --> 00:00:24,640 Speaker 1: Sound on Politics, Policy and perspective from DC's top name. 8 00:00:24,880 --> 00:00:27,319 Speaker 1: The only red way this season is going to be 9 00:00:27,360 --> 00:00:30,280 Speaker 1: a German shepherd, Commander Knox over the cranberry sauce on 10 00:00:30,360 --> 00:00:36,960 Speaker 1: our table. If that is the Democrats solution, Boy, are 11 00:00:36,960 --> 00:00:43,120 Speaker 1: we cut? Bloomberg Sound On with Joe Matthew on Bloomberg Radio. 12 00:00:44,280 --> 00:00:47,000 Speaker 1: She loves Me, She loves Me not. Welcome to the 13 00:00:47,040 --> 00:00:49,360 Speaker 1: fastest hour in politics. As we go from talk of 14 00:00:49,440 --> 00:00:53,320 Speaker 1: a production hike in Saudi Arabia to full denial in 15 00:00:53,440 --> 00:00:56,200 Speaker 1: just twenty four hours, and with another OPEC meeting on 16 00:00:56,240 --> 00:00:59,840 Speaker 1: the calendar next month and the holiday travel season starting now. 17 00:01:00,320 --> 00:01:03,200 Speaker 1: We talked with Bob McNally of Rapid and Energy, the 18 00:01:03,280 --> 00:01:07,559 Speaker 1: author of Crude Volatility, on what lies ahead Later. Donald 19 00:01:07,560 --> 00:01:09,720 Speaker 1: Trump gets the keys back from Twitter how will it 20 00:01:09,800 --> 00:01:13,800 Speaker 1: impact a presidential campaign and the virtual town square. We 21 00:01:13,880 --> 00:01:16,840 Speaker 1: talk it out with Brian Ott, professor of Communication at 22 00:01:16,880 --> 00:01:21,000 Speaker 1: Missouri State University, co author of the Twitter Presidency, and 23 00:01:21,080 --> 00:01:24,040 Speaker 1: after the prospective Republican presidential field is rolled out in 24 00:01:24,160 --> 00:01:27,640 Speaker 1: Las Vegas, we're joined by our signature panel, Bloomberg Politics 25 00:01:27,640 --> 00:01:30,800 Speaker 1: contributors Jeanie Chanzano and Rick Davis with us for the 26 00:01:30,880 --> 00:01:33,760 Speaker 1: hour to find some sense in the madness. Just because 27 00:01:33,760 --> 00:01:37,120 Speaker 1: they deny it does not mean it isn't true. But 28 00:01:37,160 --> 00:01:40,679 Speaker 1: Saudi Arabia is indeed rebuffing reports from earlier today that 29 00:01:40,720 --> 00:01:44,399 Speaker 1: it's talking about a production hike for next month's OPEC meeting. 30 00:01:44,440 --> 00:01:47,080 Speaker 1: Prices were up after the Wall Street Journal report went 31 00:01:47,200 --> 00:01:50,200 Speaker 1: right backed down when the Saudis said, not so much, 32 00:01:51,680 --> 00:01:54,520 Speaker 1: I assume, leaving people like Bob McNally with a bit 33 00:01:54,520 --> 00:01:57,280 Speaker 1: of whiplash today. Bob's founder and president of Rapid and 34 00:01:57,440 --> 00:02:01,720 Speaker 1: Energy Group, author of Crude Volatility, The History and Future 35 00:02:01,760 --> 00:02:04,880 Speaker 1: of boom Bust oil prices. Bob, welcome back. Who do 36 00:02:04,920 --> 00:02:08,120 Speaker 1: you believe on this one? Are are prices high enough? 37 00:02:08,160 --> 00:02:10,959 Speaker 1: You just heard Charlie Pellett. We're back below eighty dollars 38 00:02:10,960 --> 00:02:13,320 Speaker 1: of barrel. I realized that was partly because of the headline, 39 00:02:13,320 --> 00:02:18,800 Speaker 1: but high enough for Saudi's to pump more. Yeah, no way, Joe, No, 40 00:02:19,600 --> 00:02:21,960 Speaker 1: you're right. I'm having my neck fitted for a break. 41 00:02:22,040 --> 00:02:25,200 Speaker 1: So much loop flash this morning. Um. If anything, the 42 00:02:25,280 --> 00:02:29,840 Speaker 1: conversation has been trending towards a possible cut. So I 43 00:02:29,880 --> 00:02:32,959 Speaker 1: was quite surprised to see the headline that they're thinking 44 00:02:32,960 --> 00:02:35,040 Speaker 1: of half manion barrel to day hike. It just made 45 00:02:35,400 --> 00:02:38,480 Speaker 1: no sense and we advised our clients to that pretty fast. 46 00:02:38,520 --> 00:02:40,600 Speaker 1: And then the minister came out and also the U 47 00:02:40,639 --> 00:02:42,919 Speaker 1: a E Minister as well shut it down. You know 48 00:02:42,960 --> 00:02:45,000 Speaker 1: what's interesting in his statement. He came out and said, 49 00:02:45,760 --> 00:02:48,360 Speaker 1: uh that if we need to, we'll cut again, you know. 50 00:02:48,720 --> 00:02:52,000 Speaker 1: He his statement was quite sporty, um and quite pointed, 51 00:02:52,360 --> 00:02:54,320 Speaker 1: and he said, look, the deal we did, the deal 52 00:02:54,360 --> 00:02:57,240 Speaker 1: we took here, the decision we made last month is 53 00:02:57,720 --> 00:03:00,840 Speaker 1: in force until the end of three um, and if 54 00:03:00,840 --> 00:03:03,840 Speaker 1: we have to act again by cutting, we'll do so. 55 00:03:03,840 --> 00:03:07,600 Speaker 1: So no, quite a quite a firm SmackDown from the Saudias, 56 00:03:07,600 --> 00:03:11,240 Speaker 1: and I would believe that for December four cutting not hiking. 57 00:03:11,440 --> 00:03:15,040 Speaker 1: So here we are heading into the big Thanksgiving travel weekend, 58 00:03:16,080 --> 00:03:18,760 Speaker 1: crude oil falling below eighty dollars as we heard, the 59 00:03:18,800 --> 00:03:24,080 Speaker 1: average price of gas three six nationally according to Triple A, 60 00:03:24,120 --> 00:03:26,400 Speaker 1: though I see there's still paying above four dollars in 61 00:03:26,520 --> 00:03:31,240 Speaker 1: Pennsylvania and Illinois. California is still above five. What's this 62 00:03:31,320 --> 00:03:34,040 Speaker 1: winter look like? Whether you heat your home or you're 63 00:03:34,080 --> 00:03:36,240 Speaker 1: getting in the car to drive? Is this is this 64 00:03:36,320 --> 00:03:38,480 Speaker 1: going to be painful? Or is this relief coming at 65 00:03:38,480 --> 00:03:42,120 Speaker 1: exactly the right time? Joe, It could be either. I'll 66 00:03:42,120 --> 00:03:45,200 Speaker 1: tell you. In thirty two years, I've never seen a 67 00:03:45,240 --> 00:03:50,720 Speaker 1: situation where the near term is is confronting such huge 68 00:03:50,920 --> 00:03:54,160 Speaker 1: and offsetting risks. I can make a case for fifty 69 00:03:54,160 --> 00:03:56,840 Speaker 1: dollar oil and two fifty gasoline, and I can make 70 00:03:56,840 --> 00:03:59,200 Speaker 1: a case for a hundred and fifty dollar oil and 71 00:03:59,440 --> 00:04:02,640 Speaker 1: four fifty dollar gasoline or five dollars. Look, it's Russia 72 00:04:02,760 --> 00:04:06,640 Speaker 1: versus recession, and right now the procession is winning. China's winning. 73 00:04:07,000 --> 00:04:09,480 Speaker 1: So oil prices are falling, but for the wrong reason 74 00:04:09,640 --> 00:04:12,760 Speaker 1: because of slowing demand. But there's a very big risk 75 00:04:12,800 --> 00:04:15,480 Speaker 1: and the market is sort of decided to ignore Russia 76 00:04:15,520 --> 00:04:17,720 Speaker 1: and the sanctions and so forth. That's going to get 77 00:04:17,720 --> 00:04:20,440 Speaker 1: started here next month. And I'm afraid. I'm afraid there's 78 00:04:20,440 --> 00:04:22,840 Speaker 1: more pain coming. I'm a little bum bullish this winner. 79 00:04:23,160 --> 00:04:24,840 Speaker 1: But the market so far seems to be in a 80 00:04:24,920 --> 00:04:28,800 Speaker 1: very bearish mode. This is fascinating Russia versus recession, and 81 00:04:28,839 --> 00:04:31,239 Speaker 1: it sounds like I can swing at any given moment 82 00:04:31,279 --> 00:04:34,720 Speaker 1: depending on the headlines here. So let's stick with recession 83 00:04:34,880 --> 00:04:37,160 Speaker 1: right now. If that's what the market is looking at, Bob, 84 00:04:37,200 --> 00:04:40,039 Speaker 1: And the idea is that that's coming in three maybe 85 00:04:40,040 --> 00:04:42,320 Speaker 1: towards the back end of the year, that would keep 86 00:04:42,400 --> 00:04:47,320 Speaker 1: energy prices depressed for months. You could, that's right, but 87 00:04:47,360 --> 00:04:49,719 Speaker 1: you know what I think, um, In this case, this 88 00:04:49,800 --> 00:04:56,120 Speaker 1: is very different than ORF or even the OPEC plus producer, 89 00:04:56,240 --> 00:04:58,760 Speaker 1: especially Sati Arabian U and U A. They're in a 90 00:04:58,760 --> 00:05:02,080 Speaker 1: better position now to keep a floor under prices unless 91 00:05:02,080 --> 00:05:06,080 Speaker 1: we have a spectacular, terrible recession right because the Saudis 92 00:05:06,600 --> 00:05:09,040 Speaker 1: no longer have to worry about shale growing too fast. 93 00:05:09,400 --> 00:05:13,120 Speaker 1: Our production has been has been kneecapped, and Russia is, 94 00:05:13,400 --> 00:05:17,080 Speaker 1: if anything, about to be involuntarily contributing future cuts. So 95 00:05:17,440 --> 00:05:19,800 Speaker 1: the two big problems Opex that Fatory even U A 96 00:05:19,880 --> 00:05:22,320 Speaker 1: E have had is is sort of too much shale 97 00:05:22,320 --> 00:05:24,520 Speaker 1: and too much Russia and both of these problems are solved. 98 00:05:24,560 --> 00:05:26,600 Speaker 1: So you know what, I think it's credible. I think 99 00:05:26,600 --> 00:05:28,920 Speaker 1: they can hold a floor at seventy or eighty dollars 100 00:05:28,960 --> 00:05:32,039 Speaker 1: next year. Even if we get into a mile down turn. Now, 101 00:05:32,080 --> 00:05:35,000 Speaker 1: if we have a big one, uh you know, Katie 102 00:05:35,040 --> 00:05:37,200 Speaker 1: by the door, they could lose control to the bottom. 103 00:05:37,200 --> 00:05:39,400 Speaker 1: But I think OPEC plus is in the driver's seat 104 00:05:39,400 --> 00:05:42,000 Speaker 1: here next year, unless it's a very big contraction. Well, 105 00:05:42,000 --> 00:05:44,400 Speaker 1: it would suggest that they're reading the market perfectly in 106 00:05:44,560 --> 00:05:47,359 Speaker 1: the at least the scenario you just outlined. How about 107 00:05:47,360 --> 00:05:49,720 Speaker 1: the plus though, I mean, what kind of a relationship 108 00:05:49,839 --> 00:05:52,039 Speaker 1: are oil producing nation is going to have with Russia 109 00:05:52,120 --> 00:05:56,719 Speaker 1: dumping crude uh sometimes in the dark to the nations 110 00:05:56,760 --> 00:06:00,600 Speaker 1: that are somehow not being sanctioned or secondary sanctioned by 111 00:06:00,640 --> 00:06:04,600 Speaker 1: then who knows if that becomes an issue or is 112 00:06:04,600 --> 00:06:07,599 Speaker 1: it such a bottleneck and such a squeeze in Europe 113 00:06:07,720 --> 00:06:13,080 Speaker 1: that going into the winter heating season it simply doesn't matter. Well, 114 00:06:13,120 --> 00:06:15,800 Speaker 1: you know, I think the OPEC plus producers, the Arab 115 00:06:15,839 --> 00:06:19,640 Speaker 1: golf producers are trying to strike a balance here. On 116 00:06:19,720 --> 00:06:23,160 Speaker 1: the one hand, keep the market from getting too tight, 117 00:06:23,200 --> 00:06:26,640 Speaker 1: but also too loose. Sending Europe diesel and disc lite, 118 00:06:26,640 --> 00:06:29,320 Speaker 1: which they are on the other hand, you know, helping 119 00:06:29,400 --> 00:06:32,159 Speaker 1: rush out as much as they can without getting cross 120 00:06:32,160 --> 00:06:34,800 Speaker 1: wise with the United States. And uh, I think you're 121 00:06:34,800 --> 00:06:36,880 Speaker 1: gonna still see that balancing market at the end of 122 00:06:36,880 --> 00:06:40,240 Speaker 1: the day. You know, these spreads and differentials and margins 123 00:06:40,240 --> 00:06:42,440 Speaker 1: are going to move around and incentivize a lot of 124 00:06:42,480 --> 00:06:45,400 Speaker 1: different behavior, like India going from almost nothing to a 125 00:06:45,400 --> 00:06:48,320 Speaker 1: million barrels a day of Russian the Saudi's taking Russian 126 00:06:48,520 --> 00:06:51,080 Speaker 1: fuel oil, and so forth. But it's all gonna happen 127 00:06:51,360 --> 00:06:54,160 Speaker 1: at high speed and and and in different places and 128 00:06:54,520 --> 00:06:57,520 Speaker 1: with varying motives. And I think folks are really focused 129 00:06:57,520 --> 00:06:59,800 Speaker 1: just on these sanctions and what Putin is doing in 130 00:07:00,040 --> 00:07:02,520 Speaker 1: Ukraine and so forth, and hope that these, as you say, 131 00:07:02,560 --> 00:07:05,680 Speaker 1: this dark movement of oil doesn't get so much notice. Well, 132 00:07:05,720 --> 00:07:08,120 Speaker 1: let's play that the Russia card a little bit more. 133 00:07:08,160 --> 00:07:11,760 Speaker 1: As you put a recession versus Russia. How much is 134 00:07:11,800 --> 00:07:14,480 Speaker 1: the war in Ukraine going to dictate the price of 135 00:07:14,480 --> 00:07:18,320 Speaker 1: oil in You know, I think it's going to be 136 00:07:18,400 --> 00:07:21,240 Speaker 1: a big factor. I think we're gonna lose about a 137 00:07:21,280 --> 00:07:23,560 Speaker 1: million and a half barrels a day of Russians supply. 138 00:07:23,880 --> 00:07:26,920 Speaker 1: So far, we have hardly lost any right. The reason 139 00:07:27,360 --> 00:07:30,280 Speaker 1: oil prices touched almost a hundred and forty dollars this 140 00:07:30,360 --> 00:07:32,960 Speaker 1: spring was we thought we were gonna lose three million 141 00:07:32,960 --> 00:07:35,600 Speaker 1: barrels a day this summer, and we didn't. But these 142 00:07:35,600 --> 00:07:37,720 Speaker 1: sanctions are coming into place, and I don't think Putin 143 00:07:37,800 --> 00:07:40,400 Speaker 1: can redirect all of that two plus million barrels a 144 00:07:40,480 --> 00:07:44,600 Speaker 1: day that he's now shipping to Europe, especially that the 145 00:07:44,840 --> 00:07:48,080 Speaker 1: refined products distilate so Putin's and and you know Indian 146 00:07:48,160 --> 00:07:50,040 Speaker 1: China can only take so much, and there's many, so 147 00:07:50,080 --> 00:07:52,880 Speaker 1: many boats, so we think they're gonna lose quite a bit. 148 00:07:52,920 --> 00:07:55,080 Speaker 1: I don't think that's really discounted yet in the market. 149 00:07:55,440 --> 00:07:57,240 Speaker 1: I don't think the price cap is going to stop 150 00:07:57,280 --> 00:07:59,680 Speaker 1: that the Treasury is putting out. I think that's intended 151 00:07:59,720 --> 00:08:01,840 Speaker 1: to help those flows, but there's still gonna be a 152 00:08:01,880 --> 00:08:03,440 Speaker 1: loss about a million and a a half barrels a day. 153 00:08:03,840 --> 00:08:06,760 Speaker 1: And you know, wars are not good for that. They 154 00:08:06,760 --> 00:08:10,239 Speaker 1: can contribute to recessions, but these wars U and these 155 00:08:10,400 --> 00:08:14,640 Speaker 1: attacks on infrastructure. We've seen accidents at the KPC pipeline, 156 00:08:14,840 --> 00:08:18,240 Speaker 1: CPC rather pipeline, UH and UH, you know I think 157 00:08:18,320 --> 00:08:20,960 Speaker 1: I think there's some bullish risk coming here here. Fundamentally, 158 00:08:21,000 --> 00:08:24,120 Speaker 1: the combination of the OPEC plus cut, the loss of Russia. 159 00:08:24,200 --> 00:08:27,520 Speaker 1: And you know, while we talk about recession, so far, 160 00:08:28,200 --> 00:08:32,480 Speaker 1: the demand data aren't that bad. I mean, India is scorching. Actually, 161 00:08:32,960 --> 00:08:36,320 Speaker 1: China is not that terrible. And even in the US, Okay, 162 00:08:36,320 --> 00:08:41,160 Speaker 1: we're not leaping and bounding above, but nor are we cratering. 163 00:08:41,200 --> 00:08:43,480 Speaker 1: You know, So maybe there's a third card there, Bob, 164 00:08:43,520 --> 00:08:45,520 Speaker 1: isn't it China? I mean, what if we just take 165 00:08:45,559 --> 00:08:48,280 Speaker 1: the wraps off, we we take the restrictions off everything. 166 00:08:48,280 --> 00:08:50,480 Speaker 1: There's no more COVID in China? What's that? This is 167 00:08:50,480 --> 00:08:54,320 Speaker 1: a very different conversation, right, Joe, Very different, and you 168 00:08:54,360 --> 00:08:57,720 Speaker 1: know that's kind of our scenario. But after Q one, 169 00:08:57,960 --> 00:09:02,160 Speaker 1: we think there's gonna be she shimping is still consolidating 170 00:09:02,280 --> 00:09:07,240 Speaker 1: his power grab, and we think through the through the 171 00:09:07,280 --> 00:09:09,240 Speaker 1: holiday period in the first quarter and they have his 172 00:09:09,600 --> 00:09:12,640 Speaker 1: two sessions conference and so forth, we think that they 173 00:09:12,640 --> 00:09:17,040 Speaker 1: will air towards lockdowns. But after that we think he reopens. 174 00:09:17,160 --> 00:09:20,480 Speaker 1: Demand goes back about sixteen million barrels a day. And 175 00:09:20,520 --> 00:09:23,520 Speaker 1: if we've if we've lost some Russian supply by then, 176 00:09:23,559 --> 00:09:27,040 Speaker 1: and we've baked in this OPEC plus cut. Uh, then 177 00:09:27,120 --> 00:09:29,680 Speaker 1: things get tight and sporty, and then I think sentiment 178 00:09:29,720 --> 00:09:33,160 Speaker 1: ships back to a more bullish bullish framework. Well, you know, 179 00:09:33,160 --> 00:09:35,400 Speaker 1: we're always looking at the price of oil, uh, and 180 00:09:35,440 --> 00:09:37,360 Speaker 1: the price of gas for that matter, as as not 181 00:09:37,400 --> 00:09:40,760 Speaker 1: only an economic indicator, but a political one, because Joe 182 00:09:40,760 --> 00:09:44,640 Speaker 1: Biden's presidential approval ratings have followed them so closely. When 183 00:09:44,679 --> 00:09:48,120 Speaker 1: you hold up these two charts, they're identical. Actually, So 184 00:09:48,440 --> 00:09:52,600 Speaker 1: let's get back to your initial proposition here fifty dollars 185 00:09:52,600 --> 00:09:55,440 Speaker 1: a gallon or a hundred and fifty dollars a gallon. 186 00:09:55,559 --> 00:10:00,040 Speaker 1: As we head into three, which is more likely, I 187 00:10:00,120 --> 00:10:02,960 Speaker 1: think we're gonna go up first. So we're looking at 188 00:10:02,960 --> 00:10:06,520 Speaker 1: about a hundred and fifteen dollar brent average in the 189 00:10:06,559 --> 00:10:09,280 Speaker 1: first quarter. Uh, and then I think we're gonna go 190 00:10:09,360 --> 00:10:12,760 Speaker 1: down to about eighty. I think that the economic weakness 191 00:10:12,880 --> 00:10:17,080 Speaker 1: is there, and another oil price spike will even exacerbate that. 192 00:10:17,160 --> 00:10:19,360 Speaker 1: The central banks are still raising raids. We don't think 193 00:10:19,360 --> 00:10:22,360 Speaker 1: the FED is done and so um, so we think 194 00:10:22,360 --> 00:10:25,600 Speaker 1: we have one more spike. That spike in addition to 195 00:10:25,640 --> 00:10:29,160 Speaker 1: these other macro factors, A strong dollar, et cetera. Will 196 00:10:29,200 --> 00:10:32,560 Speaker 1: depress activity, so then we think you probably have a 197 00:10:32,600 --> 00:10:35,120 Speaker 1: sell off later in the year, again not for good reasons. 198 00:10:35,120 --> 00:10:37,040 Speaker 1: So up and then down would be our view. We 199 00:10:37,080 --> 00:10:40,439 Speaker 1: don't touch one, fifty, we don't touch fifty. We head 200 00:10:40,480 --> 00:10:42,559 Speaker 1: toward the first and then towards the second. I guess 201 00:10:42,720 --> 00:10:44,679 Speaker 1: how much of an issue will be the bottleneck in 202 00:10:44,720 --> 00:10:47,080 Speaker 1: the Northeast when it comes to distal. It's heating oil 203 00:10:47,120 --> 00:10:49,680 Speaker 1: in particular for our listeners in Boston who were thinking 204 00:10:49,720 --> 00:10:52,560 Speaker 1: about refilling now or maybe you you you know you 205 00:10:52,640 --> 00:10:54,520 Speaker 1: only put a little bit in there, wait till this 206 00:10:54,679 --> 00:10:59,080 Speaker 1: maybe starts to break in the coming weeks or months. Well, 207 00:10:59,120 --> 00:11:01,760 Speaker 1: I'll tell you I would be filling. I'm from Connecticut 208 00:11:01,840 --> 00:11:04,160 Speaker 1: and I was viers up there. Still I I'd be filling, 209 00:11:04,679 --> 00:11:07,040 Speaker 1: because you know, it depends on the weather. Look, we're 210 00:11:07,040 --> 00:11:09,200 Speaker 1: gonna pull a lot of distill it over from Europe. 211 00:11:09,400 --> 00:11:13,040 Speaker 1: The spread between the Northeast and Europe Rotterdam has opened up, 212 00:11:13,080 --> 00:11:17,000 Speaker 1: so cargoes are coming and uh until at least the 213 00:11:17,080 --> 00:11:20,200 Speaker 1: Russian supplies are cut off, right, lad will be February. 214 00:11:20,679 --> 00:11:22,880 Speaker 1: We have several weeks to a couple of months where 215 00:11:22,920 --> 00:11:25,800 Speaker 1: Europe can send us some and hopefully we can um, 216 00:11:26,040 --> 00:11:28,920 Speaker 1: we can replenish, and the Biden administration is also looking 217 00:11:28,920 --> 00:11:31,800 Speaker 1: at options try and rush some more distill it up there. 218 00:11:31,880 --> 00:11:34,280 Speaker 1: So uh, but you know what, it's a weather call. 219 00:11:34,360 --> 00:11:36,520 Speaker 1: If it were me, I would be I'd have my 220 00:11:36,840 --> 00:11:39,720 Speaker 1: you know, snow shovels ready, and I'd have my eating 221 00:11:39,760 --> 00:11:43,160 Speaker 1: tanks full. Oh boy, Bob, thank you. I'm cold just 222 00:11:43,200 --> 00:11:46,720 Speaker 1: thinking about it. Bob McNally's founder and president Rapid and Energy. 223 00:11:47,480 --> 00:11:50,000 Speaker 1: His book Crude Volatility in a great way to start 224 00:11:50,040 --> 00:11:52,760 Speaker 1: the fastest hour in politics. We learned something from Bob 225 00:11:52,800 --> 00:11:55,959 Speaker 1: every time, and the political implications here are huge. That's 226 00:11:55,960 --> 00:11:58,520 Speaker 1: why we assembled the panel. Next Rick and Genie on 227 00:11:58,600 --> 00:12:05,640 Speaker 1: the way, I'm Joe Matthews. This is Bloomberg. This is Bloomberg. 228 00:12:05,800 --> 00:12:11,800 Speaker 1: So long with Joe Matthew on Bloomberg Radio. It's the 229 00:12:11,840 --> 00:12:14,960 Speaker 1: snark and the statements that makes it worth reading. Saudi 230 00:12:15,000 --> 00:12:18,800 Speaker 1: Arabia's energy minister says, in response to the story that 231 00:12:18,880 --> 00:12:22,560 Speaker 1: there's a possible production ike being talked about next month. Quote, 232 00:12:22,840 --> 00:12:26,079 Speaker 1: if there's a need to take further measures by reducing production, 233 00:12:26,840 --> 00:12:31,040 Speaker 1: we remain ready to intervene unquote what about the fifth bump? 234 00:12:31,200 --> 00:12:33,880 Speaker 1: It's like the Fifth Bump never happened. We assemble our panel. 235 00:12:33,920 --> 00:12:36,400 Speaker 1: Rick Davis back with us today along with Jeanie Chanzano 236 00:12:36,440 --> 00:12:40,960 Speaker 1: Bloomberg Politics contributors. Is this just another swipe at the 237 00:12:41,000 --> 00:12:43,839 Speaker 1: Biden administration? Genie? You know, you you float a story 238 00:12:43,920 --> 00:12:45,560 Speaker 1: like that, you see you can knock it down and 239 00:12:45,559 --> 00:12:49,440 Speaker 1: have fun with everyone. You know, there are so many 240 00:12:49,520 --> 00:12:52,320 Speaker 1: questions and what a strange day it has been in 241 00:12:52,400 --> 00:12:55,240 Speaker 1: this regard, and you know, you know, a big question 242 00:12:55,280 --> 00:12:57,040 Speaker 1: that can be asked is, you know, was this a 243 00:12:57,120 --> 00:12:59,920 Speaker 1: one OPEC nation or more? Who wants in production to 244 00:13:00,000 --> 00:13:02,960 Speaker 1: increase um? These are really good reporters at the Wall 245 00:13:03,000 --> 00:13:05,240 Speaker 1: Street Journal, so it's hard to imagine they got the 246 00:13:05,280 --> 00:13:08,160 Speaker 1: story wrong. But yet, you know, you look at the 247 00:13:08,240 --> 00:13:12,360 Speaker 1: statement that came from Saudi Arabia, and you know, sporty, snarky, 248 00:13:12,440 --> 00:13:14,160 Speaker 1: those are all the words that you guys are using. 249 00:13:14,160 --> 00:13:16,520 Speaker 1: I think that's right. But another big thing here is 250 00:13:16,559 --> 00:13:19,080 Speaker 1: the timing. I mean, let's not forget that this is 251 00:13:19,120 --> 00:13:23,440 Speaker 1: coming just as the Biden administration said that MBS should 252 00:13:23,480 --> 00:13:26,000 Speaker 1: be shielded from this lawsuit over his role in the 253 00:13:26,080 --> 00:13:29,559 Speaker 1: Kashogi killings, which has led some to believe and report 254 00:13:30,040 --> 00:13:33,640 Speaker 1: before that the statement from Saudi Arabia that perhaps this 255 00:13:33,880 --> 00:13:36,800 Speaker 1: was you know, payback for that. Of course, then you 256 00:13:36,880 --> 00:13:39,920 Speaker 1: have the switch in time, so it's hard to know. 257 00:13:40,000 --> 00:13:42,920 Speaker 1: But the timing is very, very difficult to wrap your 258 00:13:42,920 --> 00:13:46,199 Speaker 1: head around. And let's not forget because shogis poor fiance 259 00:13:46,440 --> 00:13:48,680 Speaker 1: coming out and saying after the Biden administration did this 260 00:13:48,960 --> 00:13:52,439 Speaker 1: that he died again today. So real pushback politically here 261 00:13:52,480 --> 00:13:55,319 Speaker 1: on this decision to say he should be immune from 262 00:13:55,360 --> 00:13:58,719 Speaker 1: this from responsibility here legally, you get the sense of 263 00:13:59,120 --> 00:14:01,839 Speaker 1: Rick Davis said that Joe Biden will be haunted by 264 00:14:01,880 --> 00:14:06,559 Speaker 1: Saudi Arabia for the balance of his presidency. Yeah, I 265 00:14:06,679 --> 00:14:08,920 Speaker 1: don't that I would definitely agree with. There's a lot 266 00:14:08,920 --> 00:14:12,040 Speaker 1: to unpack with Genie's comments, but I would say absolutely 267 00:14:12,080 --> 00:14:14,920 Speaker 1: this is not a story that's gonna end this week. Right, 268 00:14:15,040 --> 00:14:18,840 Speaker 1: We've been baffled time and time again by the Kingdom 269 00:14:18,880 --> 00:14:22,440 Speaker 1: and their their politics of oil. There are allegiances to Russia, 270 00:14:22,520 --> 00:14:26,160 Speaker 1: their friendship with China, They're disliked with the Biden administration, 271 00:14:26,600 --> 00:14:28,000 Speaker 1: and at the end of the day, I don't think 272 00:14:28,040 --> 00:14:32,000 Speaker 1: we really know what's motivating them. Um, obviously they don't 273 00:14:32,040 --> 00:14:36,160 Speaker 1: have a good relationship with the Biden administration. It doesn't necessarily, 274 00:14:36,200 --> 00:14:39,440 Speaker 1: even a good one wouldn't necessarily translate to playing petro 275 00:14:39,560 --> 00:14:42,720 Speaker 1: politics with Biden. So um, I think we just got 276 00:14:42,720 --> 00:14:45,320 Speaker 1: to take it at face value. Uh, somebody got it wrong. 277 00:14:45,720 --> 00:14:48,200 Speaker 1: Here's what they're gonna do, and they're just as likely 278 00:14:48,680 --> 00:14:51,400 Speaker 1: to reduce prices as hike them, you know, in my opinion, 279 00:14:51,680 --> 00:14:54,600 Speaker 1: regardless of what they're saying today, you should talk more 280 00:14:54,640 --> 00:14:58,320 Speaker 1: about what what you just brought up here, Jennie. The 281 00:14:58,360 --> 00:15:03,920 Speaker 1: Biden administration decides to rant's sovereign immunity, Uh, to MBS 282 00:15:04,560 --> 00:15:07,320 Speaker 1: Saudi Crown Prince Mohammed been Salmi, shielding him from a 283 00:15:07,400 --> 00:15:11,600 Speaker 1: lawsuit over the killing of Jamal ka Shogi. Uh. What 284 00:15:12,160 --> 00:15:14,080 Speaker 1: this is the same guy who said it would make 285 00:15:14,160 --> 00:15:16,840 Speaker 1: Saudi Arabia a pariah on the world stage. How do 286 00:15:16,880 --> 00:15:20,200 Speaker 1: you connect the dots here? And that's what's gotten so 287 00:15:20,240 --> 00:15:25,680 Speaker 1: many Democrats in particular, but people across the political landscape frustrated. 288 00:15:25,760 --> 00:15:27,800 Speaker 1: At the point where you thought the by administration was 289 00:15:27,840 --> 00:15:30,920 Speaker 1: being rewarded with a production, Well yeah, and I would 290 00:15:30,960 --> 00:15:33,560 Speaker 1: say not just me, but that has been reported in 291 00:15:33,600 --> 00:15:37,880 Speaker 1: the press, particularly before they took it back quote unquote, 292 00:15:38,160 --> 00:15:40,200 Speaker 1: you know, so it's hard to wrap your head around it. 293 00:15:40,240 --> 00:15:43,680 Speaker 1: But that call for immunity, which is non binding, so 294 00:15:44,000 --> 00:15:47,160 Speaker 1: a judge may you know, overturn that, but it was 295 00:15:47,280 --> 00:15:51,920 Speaker 1: the official view of the Biden administration, and you know, 296 00:15:52,000 --> 00:15:55,480 Speaker 1: it could be something that the judge grants. That has 297 00:15:55,480 --> 00:15:59,320 Speaker 1: gotten real blowback from people across the board who say, 298 00:15:59,440 --> 00:16:01,320 Speaker 1: this is a who said to your point that this 299 00:16:01,600 --> 00:16:05,160 Speaker 1: was a pariahs state. This is somebody who was kidnapped, 300 00:16:05,280 --> 00:16:09,800 Speaker 1: dismembered and you know, an American journalist from the Washington 301 00:16:09,920 --> 00:16:13,760 Speaker 1: Post and found, you know, in the diplomatic mission. You know, 302 00:16:13,920 --> 00:16:17,320 Speaker 1: this is um something too. For the bidenman administration to 303 00:16:17,320 --> 00:16:19,280 Speaker 1: come out and say he should be shielded from this 304 00:16:19,640 --> 00:16:21,520 Speaker 1: is quite a statement, and coming of course on the 305 00:16:21,600 --> 00:16:24,480 Speaker 1: Keels as of his infamous fist pump going over there 306 00:16:24,480 --> 00:16:27,560 Speaker 1: and fist bumping, and then you had, you know this 307 00:16:27,560 --> 00:16:31,760 Speaker 1: this you know, oddly time decision today that we hear 308 00:16:31,760 --> 00:16:34,520 Speaker 1: in the Wall Street Journal that they're going to, you know, 309 00:16:34,800 --> 00:16:37,840 Speaker 1: potentially take this step, which is a whole skill reversal 310 00:16:37,920 --> 00:16:40,120 Speaker 1: from what they said a month ago. So the timing 311 00:16:40,200 --> 00:16:44,040 Speaker 1: is very suspect, indeed confused, Rick, you know who else 312 00:16:44,080 --> 00:16:47,480 Speaker 1: agreed with Joe Biden's Mark Warner UH Democrat or a 313 00:16:47,600 --> 00:16:51,400 Speaker 1: senior senator Senator in Telligence Committee chair. He says, even 314 00:16:51,520 --> 00:16:53,760 Speaker 1: for leaders we don't like. The reason why there was 315 00:16:53,760 --> 00:16:56,400 Speaker 1: a grant of sovereign immunity is as much to protect 316 00:16:56,400 --> 00:16:59,600 Speaker 1: American leaders in American diplomats when they are abroad. As 317 00:16:59,600 --> 00:17:02,920 Speaker 1: he write about that. Yeah, I think there's way too 318 00:17:03,000 --> 00:17:06,120 Speaker 1: much being sort of read into this, right, I mean, 319 00:17:06,240 --> 00:17:10,760 Speaker 1: there is a standard around the world, uh that officeholders 320 00:17:10,840 --> 00:17:15,000 Speaker 1: have sovereign immunity, and it creates even though sometimes it 321 00:17:15,080 --> 00:17:18,920 Speaker 1: seems incredibly unfair, like in this case, um, it does 322 00:17:19,080 --> 00:17:23,960 Speaker 1: keep the idea of maintaining UM one click above chaos 323 00:17:24,240 --> 00:17:27,000 Speaker 1: as a global standard. It would be a very bad 324 00:17:27,040 --> 00:17:30,879 Speaker 1: thing if every president, every prime minister, every foreign minister 325 00:17:31,160 --> 00:17:33,880 Speaker 1: or defense minister of any country in the world could 326 00:17:33,880 --> 00:17:36,760 Speaker 1: be sued by anybody who's got a grievance about a 327 00:17:36,800 --> 00:17:40,600 Speaker 1: policy that they've done. And and so there's a reason 328 00:17:40,760 --> 00:17:47,440 Speaker 1: why months ago um um mbs the Crown Prince became 329 00:17:47,520 --> 00:17:52,280 Speaker 1: the prime minister because sovereign immunity probably does not extend 330 00:17:52,400 --> 00:17:55,800 Speaker 1: to a royal but it does extend to a prime minister. Well, 331 00:17:55,840 --> 00:17:59,280 Speaker 1: that does tell us something Genie, but then that prime minister. Apparently, 332 00:17:59,320 --> 00:18:02,800 Speaker 1: according to McNally, there has a floor under oil and 333 00:18:02,840 --> 00:18:06,120 Speaker 1: gas prices for the for the next year. How much 334 00:18:06,200 --> 00:18:08,960 Speaker 1: of a problem is that for Joe Biden. It's a 335 00:18:09,000 --> 00:18:11,080 Speaker 1: real problem for Joe Biden. And is it the timing 336 00:18:11,080 --> 00:18:13,240 Speaker 1: of him being named a prime minister when he is 337 00:18:13,280 --> 00:18:16,240 Speaker 1: not yet king that has other people scratching their heads 338 00:18:16,280 --> 00:18:18,600 Speaker 1: as well in the United States responding to that as 339 00:18:18,640 --> 00:18:21,760 Speaker 1: if he is prime minister, that is another question. Boy, 340 00:18:22,600 --> 00:18:24,679 Speaker 1: we're out of something here with the panel. Jennie and 341 00:18:24,760 --> 00:18:27,520 Speaker 1: Rick are back there here for the hour, our signature panelists. 342 00:18:27,560 --> 00:18:30,480 Speaker 1: We bring in Brian Odd coming up. Who's out with 343 00:18:30,520 --> 00:18:32,280 Speaker 1: an op ed in the New York Times today on 344 00:18:32,320 --> 00:18:36,200 Speaker 1: Trump's return to Twitter. This is Bloomberg. So it came 345 00:18:36,240 --> 00:18:38,600 Speaker 1: down to a poll. It was a twenty four hour poll, 346 00:18:40,040 --> 00:18:42,800 Speaker 1: as most things should be decided of import right at 347 00:18:42,800 --> 00:18:47,320 Speaker 1: twenty four hour Twitter poll, fifteen million votes, fifty eight 348 00:18:47,640 --> 00:18:51,879 Speaker 1: and he's back. Elon must says Donald Trump's account to 349 00:18:52,000 --> 00:18:56,000 Speaker 1: be restored. He still has not tweeted There'll be an 350 00:18:56,040 --> 00:19:00,240 Speaker 1: earthquake when that happens, right, assuming that that happens. But 351 00:19:00,320 --> 00:19:05,720 Speaker 1: this whole codependency between Donald Trump and Elon Musk is fascinating. 352 00:19:05,720 --> 00:19:09,679 Speaker 1: As Tim O'Brien writes today in Bloomberg Opinion, Then again, 353 00:19:09,800 --> 00:19:12,600 Speaker 1: Donald Trump not a real fan of Elon from what 354 00:19:12,680 --> 00:19:16,720 Speaker 1: we've heard and seen in terms of writing and language. 355 00:19:16,760 --> 00:19:19,880 Speaker 1: Remember this one from this was over the summer at 356 00:19:19,880 --> 00:19:25,800 Speaker 1: a Trump rally. Elon, Elon is not gonna buy Twitter. 357 00:19:26,520 --> 00:19:28,840 Speaker 1: Where did you hear that before? You know? From me? 358 00:19:30,800 --> 00:19:34,480 Speaker 1: From a fank account? She says, fake a lot of them. No, 359 00:19:34,680 --> 00:19:36,560 Speaker 1: he's got himself a mess, you know. He said the 360 00:19:36,560 --> 00:19:39,320 Speaker 1: other day, Oh, I've never voted for a Republican. I said, 361 00:19:39,320 --> 00:19:41,119 Speaker 1: I didn't know that. He told me voted from me, 362 00:19:42,640 --> 00:19:46,119 Speaker 1: So he's another boat artist. Okay, there you go. Actually 363 00:19:46,119 --> 00:19:49,240 Speaker 1: a lot was said there if you think about it. 364 00:19:49,280 --> 00:19:52,320 Speaker 1: And I bumped into this guest essay in The New 365 00:19:52,400 --> 00:19:56,120 Speaker 1: York Times. I studied Trump's Twitter use for six years. 366 00:19:57,000 --> 00:20:00,960 Speaker 1: Prepare for the worst, the writing of Brian Ott, who 367 00:20:01,040 --> 00:20:04,600 Speaker 1: joins us now on Bloomberg sound On, professor of Communication 368 00:20:04,640 --> 00:20:07,439 Speaker 1: at Missouri State University, co author as well of the 369 00:20:07,440 --> 00:20:11,600 Speaker 1: Twitter Presidency, Donald Trump and the Politics of White Rage. Professor, 370 00:20:11,680 --> 00:20:13,560 Speaker 1: I clearly you are not a fan. How bad is 371 00:20:13,600 --> 00:20:16,440 Speaker 1: this going to get? In your view, well, I think 372 00:20:16,440 --> 00:20:19,520 Speaker 1: it could get very bad. Joe. When does he finally 373 00:20:19,520 --> 00:20:23,199 Speaker 1: given and tweet something. I don't think we'll have to 374 00:20:23,200 --> 00:20:25,159 Speaker 1: wait long for him. I don't think he can resist 375 00:20:25,440 --> 00:20:27,960 Speaker 1: um and and I don't think he can help himself. 376 00:20:28,040 --> 00:20:33,280 Speaker 1: So I think he'll tweet probably within the next two weeks. Okay, 377 00:20:32,640 --> 00:20:36,119 Speaker 1: that's that's funny. And you look, I'm sure he's reading 378 00:20:36,119 --> 00:20:40,119 Speaker 1: the tweets from Elon Musk and so forth. You outlined 379 00:20:40,680 --> 00:20:44,720 Speaker 1: a pretty scary scenario here in your column, and it basically, 380 00:20:44,760 --> 00:20:46,960 Speaker 1: if I'm the arc, if I'm doing it right, is 381 00:20:47,920 --> 00:20:50,760 Speaker 1: social media in this case, specifically, Twitter is the kindling. 382 00:20:51,440 --> 00:20:55,200 Speaker 1: Trump is an accelerant, as you say, and his message 383 00:20:55,240 --> 00:20:58,119 Speaker 1: is a match what goes off this time. A lot 384 00:20:58,160 --> 00:21:00,800 Speaker 1: of people say January six wouldn't have happened without Twitter. 385 00:21:02,280 --> 00:21:05,879 Speaker 1: So I think it's important to understand that um Trump 386 00:21:05,960 --> 00:21:09,119 Speaker 1: is a fairly predictable figure. A lot of figures in 387 00:21:09,240 --> 00:21:12,760 Speaker 1: political life are not all that predictable, but Trump is 388 00:21:12,800 --> 00:21:17,000 Speaker 1: a fairly predictable figure. I've been studying his his rhetoric 389 00:21:17,080 --> 00:21:20,920 Speaker 1: and his use of social media for six years, and 390 00:21:21,320 --> 00:21:24,680 Speaker 1: it's pretty safe bet how he's going to behave and 391 00:21:24,760 --> 00:21:30,640 Speaker 1: so you know, like he um holds grudges and so um, 392 00:21:31,400 --> 00:21:35,520 Speaker 1: the first time that somebody really angers him, um, he's 393 00:21:35,560 --> 00:21:38,879 Speaker 1: gonna go after them on Twitter because it's a much 394 00:21:38,960 --> 00:21:42,200 Speaker 1: broader following. I mean he has he has a Donald 395 00:21:42,200 --> 00:21:46,040 Speaker 1: Trump has fewer than five million followers on his own 396 00:21:46,119 --> 00:21:50,520 Speaker 1: truth social network right now. He had eighty eight million 397 00:21:50,640 --> 00:21:53,639 Speaker 1: followers on Twitter. Yeah, that's remarkable. How are you do 398 00:21:53,680 --> 00:21:55,880 Speaker 1: you follow him on truth as well? Do you see 399 00:21:55,880 --> 00:21:59,040 Speaker 1: what he's doing now? I don't. I don't follow him 400 00:21:59,080 --> 00:22:01,760 Speaker 1: on truth. He does even the people writing about him. 401 00:22:01,760 --> 00:22:03,240 Speaker 1: I love that. So that means he has to go. 402 00:22:03,320 --> 00:22:08,720 Speaker 1: But so how about forgive the the boring geeky question here, Brian, 403 00:22:08,760 --> 00:22:11,199 Speaker 1: But why not just forward truth to Twitter? Why not 404 00:22:11,320 --> 00:22:14,879 Speaker 1: just put the truth son on the Twitter sphere? So 405 00:22:15,080 --> 00:22:18,200 Speaker 1: a lot of his followers do do that. Trump has 406 00:22:18,280 --> 00:22:23,320 Speaker 1: a a contract with his his own company, and he's 407 00:22:23,359 --> 00:22:27,840 Speaker 1: supposed to give a six hour exclusive time to anything 408 00:22:27,920 --> 00:22:31,040 Speaker 1: he posts on truth social before it can be posted 409 00:22:31,080 --> 00:22:34,040 Speaker 1: as some other social media platform. Now there are some 410 00:22:34,240 --> 00:22:38,160 Speaker 1: really important exclusions to that, not the least of which 411 00:22:38,200 --> 00:22:41,720 Speaker 1: is political messaging. Okay, so much for the embargo then, 412 00:22:41,760 --> 00:22:44,080 Speaker 1: so this so that that might be one way to 413 00:22:44,119 --> 00:22:46,040 Speaker 1: do this and you get your your brand out there 414 00:22:46,119 --> 00:22:48,560 Speaker 1: or something like that. I mean, we're assuming that Donald 415 00:22:48,600 --> 00:22:50,760 Speaker 1: Trump still stands to make money in some sort of 416 00:22:50,760 --> 00:22:53,359 Speaker 1: a spack deal with truth social is that? Is that 417 00:22:53,440 --> 00:22:57,520 Speaker 1: still true? So so Donald don't Yeah? Yes, absolutely. Plus 418 00:22:57,520 --> 00:23:00,320 Speaker 1: Donald Trump is is one of the most successful mine 419 00:23:00,440 --> 00:23:04,840 Speaker 1: of fundraisers UM in US American politics, and so he 420 00:23:05,600 --> 00:23:09,600 Speaker 1: probably better than anyone, has leveraged social media platforms and 421 00:23:09,640 --> 00:23:13,520 Speaker 1: Twitter specifically as a fundraising tool. And so that's one 422 00:23:13,560 --> 00:23:16,359 Speaker 1: of the reasons why I think he will absolutely return 423 00:23:16,440 --> 00:23:20,199 Speaker 1: to Twitter as he continues to pursue UM the presidency. 424 00:23:20,480 --> 00:23:22,639 Speaker 1: So back to your headline, I studied Trump's Twitter for 425 00:23:22,680 --> 00:23:25,359 Speaker 1: six years. Prepare for the worst. That means you probably 426 00:23:25,440 --> 00:23:29,760 Speaker 1: visualize what you see as the worst. Brian, what is it? So? 427 00:23:29,800 --> 00:23:32,320 Speaker 1: I think we're likely at some point to see a 428 00:23:32,400 --> 00:23:38,160 Speaker 1: repeat of January six. Uh. So, you know Trump UM 429 00:23:38,680 --> 00:23:42,040 Speaker 1: likes to incite his followers UM. He likes to to 430 00:23:42,040 --> 00:23:47,679 Speaker 1: to leverage UM emotional messages UM to get those people 431 00:23:48,040 --> 00:23:52,440 Speaker 1: angry at a particular UM individual or event. And would 432 00:23:52,480 --> 00:23:54,760 Speaker 1: that be on Elon Musk if that did happen again? 433 00:23:55,920 --> 00:24:01,320 Speaker 1: So I think Musk has behaved terribly irresponsively in relationship 434 00:24:01,359 --> 00:24:03,320 Speaker 1: to this whole thing. Actually, I think he's behaved terribly 435 00:24:03,359 --> 00:24:09,880 Speaker 1: irresponsibly in his management of Twitter since he returned. Therefore, yes, 436 00:24:09,960 --> 00:24:12,880 Speaker 1: he carries some responsibility. You know, there's all this talk 437 00:24:12,920 --> 00:24:16,640 Speaker 1: about the digital town square, and I don't know if 438 00:24:16,640 --> 00:24:19,000 Speaker 1: I buy that, if there's even really such a thing 439 00:24:19,359 --> 00:24:21,800 Speaker 1: to try to compare that to you know, to to 440 00:24:21,920 --> 00:24:25,080 Speaker 1: the to the way we conduct ourselves in an actual 441 00:24:25,240 --> 00:24:30,240 Speaker 1: town square. Brian, Uh, what what does Elon's vision look like? 442 00:24:30,760 --> 00:24:34,240 Speaker 1: What's the game? So? So, Elon Musk is a is 443 00:24:34,280 --> 00:24:37,919 Speaker 1: a business person, and he is interested in making money. 444 00:24:37,920 --> 00:24:41,640 Speaker 1: And virtually every decision he has made since arriving at 445 00:24:41,640 --> 00:24:45,560 Speaker 1: Twitter or taking acquisition Twitter has been in the interest 446 00:24:45,640 --> 00:24:50,440 Speaker 1: of trying to turn a profit at the company. And so, um, 447 00:24:50,600 --> 00:24:53,200 Speaker 1: my guess is he's That's why he's trying to recruit 448 00:24:53,200 --> 00:24:55,280 Speaker 1: Donald Trump. It's so it's a ratings game, just like 449 00:24:55,320 --> 00:24:59,160 Speaker 1: any old fashioned media company. That's the we got there 450 00:24:59,240 --> 00:25:01,440 Speaker 1: just in the nick. Hey, I like talking to you, Brian. 451 00:25:01,640 --> 00:25:03,880 Speaker 1: Thank you for chiming in on this. What a time 452 00:25:03,920 --> 00:25:07,480 Speaker 1: to meet Brian Ott. The Twitter presidency. Indeed it comes 453 00:25:07,520 --> 00:25:10,520 Speaker 1: back around. We'll see about that. Uh. And We'll ask 454 00:25:10,560 --> 00:25:13,959 Speaker 1: our panel as well, Genie Chanzano, when Rick Davis up 455 00:25:14,000 --> 00:25:18,040 Speaker 1: next Bloomberg Politics contributors on the fastest hour in politics. 456 00:25:18,119 --> 00:25:23,960 Speaker 1: It's called sound Off. This is Bloomberg, this is Bloomberg. 457 00:25:24,119 --> 00:25:31,320 Speaker 1: So long with Joe Matthew on Bloomberg Radio. Gennie is watching, 458 00:25:31,440 --> 00:25:34,800 Speaker 1: so we don't have to, Genie Chanzano. Half of our 459 00:25:34,840 --> 00:25:38,200 Speaker 1: signature panel is still the only one, and I keep 460 00:25:38,240 --> 00:25:42,359 Speaker 1: asking who I can actually confirm is on truth social 461 00:25:42,480 --> 00:25:44,760 Speaker 1: Rick Davis joins us from London as the other half 462 00:25:44,800 --> 00:25:47,240 Speaker 1: of our panel, and it's great to have both of 463 00:25:47,240 --> 00:25:48,800 Speaker 1: you with us here. I mean even you know, we 464 00:25:48,920 --> 00:25:51,160 Speaker 1: just talked to Brian, even the man who is researching 465 00:25:51,200 --> 00:25:53,639 Speaker 1: and writing about Trump is not following him on truth 466 00:25:53,760 --> 00:25:56,239 Speaker 1: or Genie, I should take this moment to thank you 467 00:25:56,440 --> 00:25:58,719 Speaker 1: for the work you've done. I do it for you, 468 00:25:58,840 --> 00:26:02,000 Speaker 1: Joe Matthew. Some of us have too, so I'm willing 469 00:26:02,040 --> 00:26:04,840 Speaker 1: to put myself out there. And you know Brian, Brian 470 00:26:05,000 --> 00:26:07,399 Speaker 1: can't do it, he's busy on Twitter. I'll do it 471 00:26:07,440 --> 00:26:09,720 Speaker 1: for you. Joe. Well, maybe he's coming back around to Twitter, 472 00:26:09,760 --> 00:26:12,840 Speaker 1: which of course remains the big question here. Uh, And 473 00:26:13,119 --> 00:26:15,239 Speaker 1: we do want to get both of your take on 474 00:26:15,280 --> 00:26:18,440 Speaker 1: this genie. Can he resisted? I know that you think 475 00:26:18,480 --> 00:26:21,080 Speaker 1: probably not, But but at what point does it start 476 00:26:21,119 --> 00:26:24,600 Speaker 1: to impact the political conversation? You know, A part of 477 00:26:24,640 --> 00:26:27,080 Speaker 1: it is he can't resist it because as Brian talked about, 478 00:26:27,119 --> 00:26:29,760 Speaker 1: the differential in the numbers, you know, under five million 479 00:26:29,840 --> 00:26:33,280 Speaker 1: over eighty million. And the fact is also Brian's right 480 00:26:33,359 --> 00:26:36,040 Speaker 1: about the fundraising. He raises a lot of money on 481 00:26:36,080 --> 00:26:38,800 Speaker 1: a place like Twitter, and he's running. As we saw 482 00:26:38,880 --> 00:26:41,320 Speaker 1: over the weekend, a lot of big Goop funders don't 483 00:26:41,320 --> 00:26:44,040 Speaker 1: want to fund him, at least as of now. He 484 00:26:44,119 --> 00:26:46,600 Speaker 1: might need those small donors. But I'll tell you a 485 00:26:46,640 --> 00:26:48,480 Speaker 1: big problem he has, and it's going to be a 486 00:26:48,520 --> 00:26:51,160 Speaker 1: decision for him to make if he has to leave 487 00:26:51,240 --> 00:26:54,880 Speaker 1: truth Social he's the only one keeping that afloat, and 488 00:26:54,960 --> 00:26:58,280 Speaker 1: there goes another brand that he has his name on 489 00:26:58,600 --> 00:27:01,520 Speaker 1: that collapses that it's also a big problem for him. 490 00:27:01,560 --> 00:27:03,760 Speaker 1: So he's caught between a rock and a hard place. 491 00:27:04,200 --> 00:27:06,560 Speaker 1: You know. I think he may be be looking at 492 00:27:06,560 --> 00:27:09,280 Speaker 1: this December eighth deadline and this date that they keep 493 00:27:09,320 --> 00:27:11,800 Speaker 1: talking about. I don't know if he goes on Twitter 494 00:27:11,880 --> 00:27:14,200 Speaker 1: before that, because that's going to be a big deadline. 495 00:27:14,240 --> 00:27:16,439 Speaker 1: Unless they extend it for them to make a decision 496 00:27:16,480 --> 00:27:19,200 Speaker 1: about truth. He was talking over the weekend a couple 497 00:27:19,200 --> 00:27:23,320 Speaker 1: of instances, and in this case at a Mara Lago event. 498 00:27:23,359 --> 00:27:25,960 Speaker 1: There was a gala there, and he's got the black 499 00:27:26,000 --> 00:27:28,600 Speaker 1: tie and the whole bit at the podium in which 500 00:27:28,760 --> 00:27:32,639 Speaker 1: he responds to the appointment of the Special Council. This 501 00:27:32,680 --> 00:27:35,320 Speaker 1: is something we haven't had an opportunity to talk about 502 00:27:35,320 --> 00:27:37,600 Speaker 1: with the panel yet. Jack Smith, of course appointed on 503 00:27:37,640 --> 00:27:41,760 Speaker 1: Friday by Attorney General Merrick Garland, and uh, the former 504 00:27:41,760 --> 00:27:43,880 Speaker 1: president just couldn't believe it. Listen to him from over 505 00:27:43,880 --> 00:27:47,639 Speaker 1: the years, I've given millions and millions of pages of documents, 506 00:27:47,720 --> 00:27:51,280 Speaker 1: tax returns and everything else, and they have found nothing, 507 00:27:51,640 --> 00:27:53,679 Speaker 1: which means I've proven to be one of the most 508 00:27:53,720 --> 00:27:59,359 Speaker 1: honest and innocent people ever in our country. That's it, 509 00:27:59,720 --> 00:28:02,040 Speaker 1: one of the most honest and innocent people in the 510 00:28:02,119 --> 00:28:06,160 Speaker 1: history of our country, unless you ask the His Attorney 511 00:28:06,200 --> 00:28:08,879 Speaker 1: general no longer Former Attorney General Bill Barr had a 512 00:28:08,960 --> 00:28:12,240 Speaker 1: heck of an interview as well over the weekend on PBS. 513 00:28:12,400 --> 00:28:16,359 Speaker 1: Asked about the case that Jack Smith now presides over. Listen, 514 00:28:16,600 --> 00:28:18,760 Speaker 1: given what's gone on, I think they probably have the 515 00:28:18,800 --> 00:28:22,240 Speaker 1: evidence that would check the box. They have the case, 516 00:28:22,560 --> 00:28:26,440 Speaker 1: and if they have it, should they That's a decision 517 00:28:26,520 --> 00:28:30,840 Speaker 1: for if you were a g would you I'm not 518 00:28:30,840 --> 00:28:33,000 Speaker 1: going to get into that. Do you think they will? 519 00:28:34,160 --> 00:28:38,480 Speaker 1: I think it's becoming increasingly more likely, increasingly more likely 520 00:28:38,520 --> 00:28:41,200 Speaker 1: they've checked the box, Rick Davis, they have the case. 521 00:28:42,200 --> 00:28:45,480 Speaker 1: Would this have gone to Jack Smith if that were 522 00:28:45,480 --> 00:28:50,880 Speaker 1: not the case? Uh? Yeah, I think that no matter what, 523 00:28:50,960 --> 00:28:53,920 Speaker 1: they were going to get it out of the Department 524 00:28:53,920 --> 00:28:58,360 Speaker 1: of Justice because you've got a an individual running for 525 00:28:58,400 --> 00:29:01,120 Speaker 1: president who you know, uh, they don't want to look 526 00:29:01,160 --> 00:29:03,560 Speaker 1: like they're putting their finger on the scale politically, and 527 00:29:03,560 --> 00:29:05,680 Speaker 1: and and you've got to give credit to Merrick Garland this. 528 00:29:06,120 --> 00:29:08,240 Speaker 1: It would have been easier, frankly to keep it at 529 00:29:08,240 --> 00:29:11,360 Speaker 1: Justice And the fact that you know, he's gone out 530 00:29:11,400 --> 00:29:14,040 Speaker 1: of his way to create the special prosecutors gonna cost more. Mind, 531 00:29:14,040 --> 00:29:17,800 Speaker 1: It's gonna be harder to control. Um. The reality is 532 00:29:18,240 --> 00:29:20,320 Speaker 1: it is probably the right thing to do, regardless of 533 00:29:20,320 --> 00:29:22,160 Speaker 1: weather Doctrum thought it was a good idea or not. 534 00:29:22,800 --> 00:29:26,520 Speaker 1: What I've really found fascinating by that former Attorney General 535 00:29:26,600 --> 00:29:31,120 Speaker 1: Barr comment was even though he thinks the guy probably 536 00:29:31,360 --> 00:29:34,480 Speaker 1: has a case when they asked whether he would do 537 00:29:34,520 --> 00:29:38,600 Speaker 1: anything about it, he absolutely good to answer the questions 538 00:29:38,960 --> 00:29:41,800 Speaker 1: the right answer. Someone breaks the law, they should be prosecuted. 539 00:29:41,880 --> 00:29:45,280 Speaker 1: I mean, like, how hard is that? Well, although I mean, look, 540 00:29:45,320 --> 00:29:48,080 Speaker 1: you've both had the weekend to think about this. The 541 00:29:48,120 --> 00:29:51,360 Speaker 1: idea of of the of this case, never mind all 542 00:29:51,440 --> 00:29:53,640 Speaker 1: of these cases, my god, you have the Southern District 543 00:29:53,640 --> 00:29:56,720 Speaker 1: of New York, you had Fulton County, Georgia. The idea 544 00:29:56,720 --> 00:29:59,320 Speaker 1: of them resolving in the middle of a presidential campaign 545 00:29:59,400 --> 00:30:02,920 Speaker 1: with a potenti acentual indictment with potential criminal charges Genie 546 00:30:02,960 --> 00:30:06,280 Speaker 1: is something we've not seen. We haven't and it is 547 00:30:06,320 --> 00:30:09,680 Speaker 1: a very tough decision for this special counsel, that special 548 00:30:09,680 --> 00:30:13,320 Speaker 1: prosecutor to make. I don't think he should be charged 549 00:30:13,400 --> 00:30:15,720 Speaker 1: unless and this is where I do think it is difficult. 550 00:30:15,960 --> 00:30:19,840 Speaker 1: He should not be charged unless they can confirm in 551 00:30:19,920 --> 00:30:23,120 Speaker 1: their own minds that he will definitely be found guilty. 552 00:30:23,160 --> 00:30:25,280 Speaker 1: And I think that's a very high bar for any 553 00:30:25,320 --> 00:30:27,520 Speaker 1: prosecutor to meet. And that's where I think it's going 554 00:30:27,600 --> 00:30:29,920 Speaker 1: to be difficult. And I think Merrick Garland wanted to 555 00:30:29,920 --> 00:30:32,560 Speaker 1: get this to a special prosecutor. Either way, whether he's 556 00:30:32,680 --> 00:30:35,960 Speaker 1: charged or not. Merrick Garland wants this out of his 557 00:30:36,040 --> 00:30:39,479 Speaker 1: hands because there is no political upside to him keeping 558 00:30:39,480 --> 00:30:41,520 Speaker 1: this in the d o J. And it's not just 559 00:30:41,640 --> 00:30:44,640 Speaker 1: about Donald Trump announcing he's president he's running. It's also 560 00:30:44,760 --> 00:30:48,600 Speaker 1: Joe Biden saying that he is seriously considering as well 561 00:30:48,720 --> 00:30:51,480 Speaker 1: or has an intention to run. For those reasons, Merrick 562 00:30:51,520 --> 00:30:53,440 Speaker 1: Garland is not going to keep it in the d 563 00:30:53,480 --> 00:30:55,640 Speaker 1: o J. Nor shouldy he made the right choice here. 564 00:30:55,880 --> 00:30:57,920 Speaker 1: But well, look this is where the whole idea of 565 00:30:57,960 --> 00:31:00,960 Speaker 1: another January six comes into play. Rick, I'm sure you 566 00:31:01,120 --> 00:31:03,560 Speaker 1: visualized this. Brian Ott, who we spoke with a couple 567 00:31:03,560 --> 00:31:06,480 Speaker 1: of moments ago, certainly has is. He says, prepare for 568 00:31:06,520 --> 00:31:09,400 Speaker 1: the worst with Trump back on Twitter, he could orchestrate 569 00:31:09,800 --> 00:31:13,080 Speaker 1: potentially something like that. But I mean that that kicks 570 00:31:13,120 --> 00:31:16,960 Speaker 1: off just a whole new level of division, right, even 571 00:31:16,960 --> 00:31:19,720 Speaker 1: if it is justified that this ends in an indictment 572 00:31:19,840 --> 00:31:23,760 Speaker 1: or a criminal charge. Yeah, I would first say that 573 00:31:23,840 --> 00:31:28,000 Speaker 1: I don't think anything law enforcement, the Department of Justice, 574 00:31:28,360 --> 00:31:33,240 Speaker 1: Special productutors anywhere in you know, the in Washington, New York, 575 00:31:33,400 --> 00:31:36,800 Speaker 1: Fulton County, Georgia, I don't. I don't think any of 576 00:31:36,840 --> 00:31:40,560 Speaker 1: those are a prerequisite to him inciting violence. He's gonna 577 00:31:40,600 --> 00:31:42,680 Speaker 1: do that anyway. He's already been doing it right long 578 00:31:42,720 --> 00:31:45,960 Speaker 1: before there was even a raid on mar Lager. I 579 00:31:46,000 --> 00:31:47,600 Speaker 1: know we're not supposed to call it a raid, but 580 00:31:47,720 --> 00:31:51,240 Speaker 1: the rate at mar Lago, he was already inciding violence 581 00:31:51,280 --> 00:31:54,440 Speaker 1: in politics. So I think we gotta quit thinking that 582 00:31:54,520 --> 00:31:57,320 Speaker 1: he actually needs a reason to do it. It's what 583 00:31:57,440 --> 00:32:00,480 Speaker 1: he does. And I would say the one thing you 584 00:32:00,520 --> 00:32:03,760 Speaker 1: know on on this issue of of you know whether 585 00:32:03,840 --> 00:32:06,640 Speaker 1: to prosecute. Nobody can predict whether or not you can 586 00:32:06,640 --> 00:32:08,959 Speaker 1: get a judgment that you want. But if you have 587 00:32:09,200 --> 00:32:12,240 Speaker 1: evidence that indicates there's been a crime, you have an 588 00:32:12,240 --> 00:32:15,960 Speaker 1: obligation to the taxpayers to actually prosecute the crime. You 589 00:32:16,000 --> 00:32:18,920 Speaker 1: may or may not win, but you don't have But 590 00:32:19,000 --> 00:32:21,360 Speaker 1: if you don't have a case, then you shouldn't prosecute. 591 00:32:21,400 --> 00:32:24,680 Speaker 1: That should be the only determination by these prosecutors. This 592 00:32:24,720 --> 00:32:28,840 Speaker 1: will be happening simultaneously, Jennie, as we have heard from 593 00:32:28,880 --> 00:32:32,240 Speaker 1: the incoming leadership in the Republican led House, this will 594 00:32:32,280 --> 00:32:37,160 Speaker 1: be happening alongside investigations into Hunter Biden's laptop, the Biden 595 00:32:37,280 --> 00:32:41,760 Speaker 1: crime Family as it's as it's been referred to, along 596 00:32:41,800 --> 00:32:45,040 Speaker 1: with the withdrawal from Afghanistan and any number of other 597 00:32:45,800 --> 00:32:48,800 Speaker 1: UH investigations that will be coming out of Oversight and 598 00:32:48,840 --> 00:32:52,000 Speaker 1: other committees in the House. Just that idea though, of 599 00:32:52,040 --> 00:32:54,560 Speaker 1: the Hunter Biden laptop at last being pursued in the 600 00:32:54,560 --> 00:32:57,840 Speaker 1: eyes of Republicans and Donald Trump being indicted in the 601 00:32:57,840 --> 00:33:02,640 Speaker 1: middle of a presidential campaign, is that worth it? Well, 602 00:33:02,680 --> 00:33:04,360 Speaker 1: you know, I think it's very telling that this is 603 00:33:04,400 --> 00:33:07,680 Speaker 1: what we've heard out of the GOP incoming house leadership 604 00:33:07,720 --> 00:33:10,200 Speaker 1: from Jim Jordan, James Comber. The first you know, press 605 00:33:10,240 --> 00:33:13,560 Speaker 1: conference they held was about these investigations. It's gonna be 606 00:33:13,560 --> 00:33:18,600 Speaker 1: coming simultaneously, as you mentioned, and we move into and 607 00:33:18,800 --> 00:33:21,320 Speaker 1: you know, this is sort of what is going to 608 00:33:21,400 --> 00:33:24,120 Speaker 1: be so divisive on both sides, and I think we 609 00:33:24,200 --> 00:33:27,479 Speaker 1: have to underscore this. Their investigations of this, you know, 610 00:33:27,600 --> 00:33:32,080 Speaker 1: the Hunter Biden, Joe Biden, the you know d o J, 611 00:33:32,320 --> 00:33:35,520 Speaker 1: the Democratic d o J. According to some investigating Donald Trump, 612 00:33:35,720 --> 00:33:38,880 Speaker 1: it is going to polarize even further as we move 613 00:33:38,920 --> 00:33:41,720 Speaker 1: into four. And that's where you get this sort of 614 00:33:41,760 --> 00:33:44,640 Speaker 1: recipe for disaster, as you know, in another January six. 615 00:33:44,920 --> 00:33:46,520 Speaker 1: And by the way, I don't think it's going to 616 00:33:46,560 --> 00:33:49,040 Speaker 1: take just Donald Trump to incite it. I think there 617 00:33:49,040 --> 00:33:51,800 Speaker 1: are others out there as well. And that's where Elon 618 00:33:51,920 --> 00:33:55,840 Speaker 1: Musk does bear responsibility for what's coming on his platform, 619 00:33:56,200 --> 00:33:58,560 Speaker 1: and he doesn't seem to be take that taking that 620 00:33:58,880 --> 00:34:02,280 Speaker 1: as seriously as we, you know, many of us may 621 00:34:02,320 --> 00:34:03,960 Speaker 1: have hoped he would, and it all seems to be 622 00:34:04,000 --> 00:34:06,760 Speaker 1: about ratings and God bless him as a businessman. But 623 00:34:06,800 --> 00:34:09,279 Speaker 1: if he's going to talk about democracy and freedom and 624 00:34:09,520 --> 00:34:11,080 Speaker 1: all of these kinds of things, he's also going to 625 00:34:11,120 --> 00:34:14,040 Speaker 1: have to take responsibility for what this platform elicits in 626 00:34:14,080 --> 00:34:16,040 Speaker 1: the next in the next few months, well, we have 627 00:34:16,120 --> 00:34:19,960 Speaker 1: to take responsibility for another January six rick as as 628 00:34:20,000 --> 00:34:24,760 Speaker 1: Brian Not said, Oh yeah, I mean I think that, uh, 629 00:34:24,840 --> 00:34:26,960 Speaker 1: I think that this is exactly what Genie was just 630 00:34:27,040 --> 00:34:31,440 Speaker 1: referring to. Is that, um, you know, Brian Not thinks that, uh. 631 00:34:31,480 --> 00:34:34,760 Speaker 1: For a lot of different reasons, his hot rhetoric incites 632 00:34:34,840 --> 00:34:39,920 Speaker 1: his people. They look for the the the cues. I mean, 633 00:34:40,000 --> 00:34:42,239 Speaker 1: is this part of Elon He wants to have an 634 00:34:42,239 --> 00:34:45,840 Speaker 1: open discourse, right, just let it rip. Everybody say what 635 00:34:45,960 --> 00:34:48,120 Speaker 1: you gotta say, and go home and and and and 636 00:34:48,160 --> 00:34:51,239 Speaker 1: be better for it. But if it's inciting violence, it's 637 00:34:51,239 --> 00:34:55,080 Speaker 1: a different conversation. Yeah, but I think this is this 638 00:34:55,160 --> 00:34:58,040 Speaker 1: is the question is whether you know Elon Musk or 639 00:34:58,560 --> 00:35:01,359 Speaker 1: his content moderation unseld that from what we can tell, 640 00:35:01,440 --> 00:35:03,680 Speaker 1: had nothing to do with letting Donald Trump back on 641 00:35:04,360 --> 00:35:06,560 Speaker 1: um you know, is going to be able to moderate 642 00:35:06,600 --> 00:35:09,080 Speaker 1: that and at the same time do what Brian not said, 643 00:35:09,120 --> 00:35:12,120 Speaker 1: which is turn a profit. And I think that if 644 00:35:12,160 --> 00:35:15,160 Speaker 1: you have to rely on Elon Musk to turn a 645 00:35:15,160 --> 00:35:17,120 Speaker 1: profit or do the right thing, gee, what do you 646 00:35:17,120 --> 00:35:21,040 Speaker 1: think he's gonna do? I think that's pretty clear. On 647 00:35:21,160 --> 00:35:24,319 Speaker 1: the day that Joe Biden issues a pardon, there was 648 00:35:24,400 --> 00:35:26,520 Speaker 1: some talk over the weekend about, gosh, what would happen 649 00:35:26,520 --> 00:35:29,520 Speaker 1: if he if he pardoned Donald Trump? Here and you 650 00:35:29,560 --> 00:35:31,399 Speaker 1: know you can hear the laughter from the other end 651 00:35:31,400 --> 00:35:35,239 Speaker 1: of Pennsylvania Avenue. But today, of course, it was for 652 00:35:35,360 --> 00:35:40,080 Speaker 1: chocolate and chip this Thanksgiving week. Here he is with 653 00:35:40,120 --> 00:35:43,359 Speaker 1: the turkeys based on their temperament and commitment to being 654 00:35:43,800 --> 00:35:47,919 Speaker 1: productive members of society. I hear by pardon, I hear 655 00:35:48,000 --> 00:35:53,520 Speaker 1: by parton, Yes, I hear by pardon, chocolate and chip. 656 00:35:54,719 --> 00:35:56,600 Speaker 1: Let's hear it for chocolate and chip, Geanie. You know 657 00:35:56,640 --> 00:35:58,799 Speaker 1: they get a night at the Willard Hotel. Uh, just 658 00:35:58,960 --> 00:36:01,000 Speaker 1: for that before they go off to to roam the 659 00:36:01,000 --> 00:36:05,320 Speaker 1: pastors after Thanksgiving. At least some traditions stay alive a 660 00:36:05,520 --> 00:36:08,239 Speaker 1: tried and true tradition. Last year it was peanut butter 661 00:36:08,280 --> 00:36:11,839 Speaker 1: and jelly. I think was that PJ and this this 662 00:36:11,920 --> 00:36:14,000 Speaker 1: year it's chocolate and chip. I love it. They're going 663 00:36:14,040 --> 00:36:16,520 Speaker 1: to go enjoy themselves at the hotel tonight and then 664 00:36:16,560 --> 00:36:19,080 Speaker 1: they are off to the pastors, as we all will 665 00:36:19,120 --> 00:36:21,560 Speaker 1: be someday. Joe, there might be pictures on the Hunter 666 00:36:21,600 --> 00:36:23,919 Speaker 1: Biden laptop from that hotel room, Rick, But I don't 667 00:36:23,920 --> 00:36:27,640 Speaker 1: know what do you think yis? I mean, actually think 668 00:36:27,640 --> 00:36:30,880 Speaker 1: it shouldn't be chocolate chip. It should be Donald and 669 00:36:31,160 --> 00:36:34,799 Speaker 1: Hunter and then everyone can claim they got there. Thank 670 00:36:34,840 --> 00:36:38,759 Speaker 1: you for Rick Davis live in London, Jeannie Chanzana in 671 00:36:38,840 --> 00:36:41,480 Speaker 1: New York. I'm Joe, Matthew and Washington. The fastest hour 672 00:36:41,560 --> 00:36:43,840 Speaker 1: in politics. This is bloom curfe