1 00:00:00,880 --> 00:00:04,360 Speaker 1: You're listening to the Bloomberg Sound On podcast. Catch us 2 00:00:04,400 --> 00:00:06,479 Speaker 1: live weekdays at one Eastern. 3 00:00:06,160 --> 00:00:09,360 Speaker 2: On Bloomberg dot com, the iHeartRadio app, and the Bloomberg 4 00:00:09,400 --> 00:00:10,200 Speaker 2: Business App. 5 00:00:10,240 --> 00:00:12,840 Speaker 1: Or listen on demand wherever you get your podcasts. 6 00:00:14,240 --> 00:00:17,720 Speaker 3: It's three up and three down for Jim Jordan. Welcome 7 00:00:17,760 --> 00:00:20,480 Speaker 3: to the fastest show in politics, as the Republican from 8 00:00:20,480 --> 00:00:24,360 Speaker 3: Ohio fails by his widest margin yet in the race 9 00:00:24,400 --> 00:00:26,920 Speaker 3: for Speaker of the House. We could be in for 10 00:00:26,960 --> 00:00:28,880 Speaker 3: a long weekend, and we'll bring you up to date 11 00:00:28,960 --> 00:00:30,960 Speaker 3: in just a moment with the latest from Capitol Hill, 12 00:00:31,200 --> 00:00:34,040 Speaker 3: and we'll have a conversation with Congressman Dan Kilde, the 13 00:00:34,040 --> 00:00:37,000 Speaker 3: Democrat is fresh off the floor in the middle of 14 00:00:37,040 --> 00:00:39,280 Speaker 3: all this and with us here on sound On for 15 00:00:39,360 --> 00:00:42,640 Speaker 3: his take on this day after President Biden's Oval Office 16 00:00:42,680 --> 00:00:46,120 Speaker 3: address on Israel and Ukraine. We have analysis from our 17 00:00:46,159 --> 00:00:50,440 Speaker 3: signature panel Bloomberg Politics contributors Rick Davis and Genie Shanzano 18 00:00:50,720 --> 00:00:52,680 Speaker 3: are with us for the hour. So let's get to 19 00:00:52,720 --> 00:00:55,480 Speaker 3: it now. After a third round of voting, it just 20 00:00:55,520 --> 00:00:59,600 Speaker 3: wrapped up a short time ago. Jim Jordan falls short again. 21 00:01:02,600 --> 00:01:03,480 Speaker 4: That's by surname. 22 00:01:03,520 --> 00:01:06,640 Speaker 5: A speaker has not been elected pursuing to Clause twelve 23 00:01:06,680 --> 00:01:08,760 Speaker 5: A of Rule one, the Chair declares the House and 24 00:01:08,800 --> 00:01:10,400 Speaker 5: recess subject with the call of the Chair. 25 00:01:14,520 --> 00:01:16,920 Speaker 3: There you have it, Like I said, three up and 26 00:01:16,959 --> 00:01:19,800 Speaker 3: three down. This time he did lose more votes than 27 00:01:19,840 --> 00:01:23,920 Speaker 3: he has yet, having started with twenty than it was 28 00:01:23,959 --> 00:01:26,720 Speaker 3: twenty two, now it's twenty five. The question is will 29 00:01:26,720 --> 00:01:29,720 Speaker 3: he continue, and it sure sounds like it, having been 30 00:01:29,720 --> 00:01:31,760 Speaker 3: asked in a news conference this morning, if he plans 31 00:01:31,760 --> 00:01:32,760 Speaker 3: to grind through the weekend. 32 00:01:32,760 --> 00:01:34,880 Speaker 5: Here's Jim Well, y'all said that we're going to live 33 00:01:34,959 --> 00:01:36,240 Speaker 5: between the first one and the second vote. You all 34 00:01:36,240 --> 00:01:38,440 Speaker 5: said we're going to lose ten to fifteen votes. We 35 00:01:38,520 --> 00:01:40,119 Speaker 5: stayed the same. We picked up a few, we lost 36 00:01:40,200 --> 00:01:42,240 Speaker 5: a few. I think the ones we lost can come back. 37 00:01:42,680 --> 00:01:46,720 Speaker 5: So look, there's been multiple rounds of votes for speaker before. 38 00:01:48,360 --> 00:01:49,000 Speaker 3: We all know that. 39 00:01:50,800 --> 00:01:52,120 Speaker 5: I just know that we need to get a speaker 40 00:01:52,120 --> 00:01:53,520 Speaker 5: as soon as possible so we can get to work 41 00:01:53,560 --> 00:01:54,360 Speaker 5: for the American people. 42 00:01:55,520 --> 00:01:59,320 Speaker 3: All right, let's bring in Meghan Scully, Bloomberg Congress team leader, 43 00:01:59,680 --> 00:02:02,240 Speaker 3: who is been an awfully busy person these past couple 44 00:02:02,320 --> 00:02:04,040 Speaker 3: of days. Megan, it's good to see you, and thanks 45 00:02:04,040 --> 00:02:06,600 Speaker 3: for making time for us here on sound on. Is 46 00:02:06,600 --> 00:02:08,320 Speaker 3: that what we're thinking now, that we're going to keep 47 00:02:08,360 --> 00:02:11,800 Speaker 3: grinding through the next three four days, however long it takes, 48 00:02:12,160 --> 00:02:14,919 Speaker 3: he pointed in that answer to Kevin McCarthy, of course 49 00:02:14,960 --> 00:02:16,079 Speaker 3: took fifteen rounds. 50 00:02:17,120 --> 00:02:22,200 Speaker 6: Yes, So right now, Republicans are huddling in a large 51 00:02:22,240 --> 00:02:24,919 Speaker 6: room in the Capital behind closed doors, trying to figure 52 00:02:24,919 --> 00:02:26,840 Speaker 6: out exactly the answer to that question. 53 00:02:27,280 --> 00:02:28,000 Speaker 2: What's next. 54 00:02:28,480 --> 00:02:31,000 Speaker 6: Do we give Jim Jordan another go? Do we stick 55 00:02:31,000 --> 00:02:35,200 Speaker 6: in through the weekend. There's some serious concerns members are airing, 56 00:02:35,240 --> 00:02:39,799 Speaker 6: particularly Republican members, that they aren't going to have lawmakers 57 00:02:39,840 --> 00:02:44,079 Speaker 6: here this weekend, that many have family and other obligations 58 00:02:44,240 --> 00:02:47,799 Speaker 6: and they want to get out of here, especially if 59 00:02:47,800 --> 00:02:51,560 Speaker 6: it means staying in for more failed rounds of Jim Jordan. 60 00:02:53,120 --> 00:02:55,440 Speaker 3: Does that mean we're going to have attendance issues this 61 00:02:55,560 --> 00:02:58,240 Speaker 3: weekend that could potentially change the math for him. 62 00:02:59,200 --> 00:03:02,480 Speaker 6: Yeah, yeah, So one Republican I was just talking to 63 00:03:02,520 --> 00:03:05,959 Speaker 6: reporters outside the House chamber suggested that now I don't 64 00:03:05,960 --> 00:03:09,560 Speaker 6: think this would happen. I think that Patrick McHenry, the 65 00:03:09,960 --> 00:03:14,320 Speaker 6: acting Speaker, is probably too he's too politically astute for this. 66 00:03:14,919 --> 00:03:19,119 Speaker 6: But if Republicans didn't show up in numbers. There's certainly 67 00:03:19,280 --> 00:03:23,600 Speaker 6: the possibility that the Democratic leader Hakim Jeffries could become 68 00:03:23,639 --> 00:03:26,000 Speaker 6: Speaker of the House. Again, I don't think that's going 69 00:03:26,040 --> 00:03:28,520 Speaker 6: to happen. They would not hold a vote if they 70 00:03:28,560 --> 00:03:31,400 Speaker 6: felt like they had such an attendance issue. But that's 71 00:03:31,480 --> 00:03:34,639 Speaker 6: just kind of encapsulates the absurdity of where we are 72 00:03:34,720 --> 00:03:35,120 Speaker 6: right now. 73 00:03:36,560 --> 00:03:39,200 Speaker 3: Well, gosh, I've been hearing that word from time to time. Megan, 74 00:03:39,240 --> 00:03:40,960 Speaker 3: thank you. It's great to see you, and we appreciate 75 00:03:41,000 --> 00:03:43,080 Speaker 3: your analysis here on this Friday that saw a third 76 00:03:43,080 --> 00:03:45,800 Speaker 3: failed vote for Jim Jordan. And we bring in the 77 00:03:45,840 --> 00:03:50,400 Speaker 3: congressman from Michigan, Dan Kildey. The Democrat, of course, is 78 00:03:50,400 --> 00:03:53,080 Speaker 3: with us because he's not in that Republican conference meeting, 79 00:03:53,080 --> 00:03:56,040 Speaker 3: and it's good to see you. Representative kilde Welcome back 80 00:03:56,120 --> 00:03:58,640 Speaker 3: to Bloomberg. Can you just for starters, give us a 81 00:03:58,680 --> 00:04:00,280 Speaker 3: sense of what it was like to be on the 82 00:04:00,280 --> 00:04:03,040 Speaker 3: floor for this. I heard a lot of Democrats start 83 00:04:03,120 --> 00:04:07,400 Speaker 3: laughing when Kevin McCarthy introduced Jim Jordan as an effective legislator. 84 00:04:08,760 --> 00:04:10,600 Speaker 4: Yeah, I mean, Jim Jordan is a lot of things, 85 00:04:10,600 --> 00:04:13,000 Speaker 4: but he's not known as a legislator that's been able 86 00:04:13,040 --> 00:04:16,680 Speaker 4: to produce legislative results. There are different kinds of members 87 00:04:16,720 --> 00:04:19,040 Speaker 4: of Congress here. We have them on both sides of 88 00:04:19,080 --> 00:04:21,080 Speaker 4: the oul. To be honest with you, we got folks 89 00:04:21,120 --> 00:04:23,159 Speaker 4: who you know, put their head down, get the work done, 90 00:04:23,279 --> 00:04:27,599 Speaker 4: deliver actual legislation that positively affects the lives of the 91 00:04:27,600 --> 00:04:30,040 Speaker 4: American people. And then we've got people who make a 92 00:04:30,040 --> 00:04:32,520 Speaker 4: lot of noise and make a lot of clamor. And 93 00:04:32,600 --> 00:04:35,040 Speaker 4: you know, I've been in Congress eleven years. Jim Jordan's 94 00:04:35,040 --> 00:04:37,640 Speaker 4: been in the latter category the whole time, and so 95 00:04:38,200 --> 00:04:40,520 Speaker 4: you know, I just think he has seen his role 96 00:04:40,560 --> 00:04:43,159 Speaker 4: as being a different role and is not considered to 97 00:04:43,200 --> 00:04:45,880 Speaker 4: be one of those real legislative achievers. 98 00:04:47,200 --> 00:04:48,680 Speaker 3: Well, so where do you think we're going. I know 99 00:04:48,720 --> 00:04:52,280 Speaker 3: that you're not inside the Republican conference, but you've been 100 00:04:52,320 --> 00:04:56,520 Speaker 3: doing this for a minute. The conventional wisdom in Washington 101 00:04:56,600 --> 00:04:59,200 Speaker 3: is that Jim Jordan loses more votes with each round. 102 00:04:59,200 --> 00:05:01,440 Speaker 3: How many can he affec before this is done and 103 00:05:01,440 --> 00:05:02,320 Speaker 3: we're onto another name. 104 00:05:03,480 --> 00:05:05,640 Speaker 4: Well, he's going in the wrong direction. He's losing votes 105 00:05:05,680 --> 00:05:08,160 Speaker 4: every time. And you know this is not without consequence. 106 00:05:08,200 --> 00:05:10,800 Speaker 4: The American people have needs that ought to be met. 107 00:05:10,839 --> 00:05:13,240 Speaker 4: We have global challenges that need to be met. So 108 00:05:13,360 --> 00:05:16,080 Speaker 4: while this looks like a struggle sort of a civil 109 00:05:16,120 --> 00:05:19,800 Speaker 4: war within the Republican Party, it's not without a consequence. 110 00:05:20,480 --> 00:05:23,039 Speaker 4: We need to take action. We need to make sure 111 00:05:23,040 --> 00:05:27,160 Speaker 4: that we secure a spending plan, there's a bipartisan plan 112 00:05:27,240 --> 00:05:30,560 Speaker 4: so that the needs of the American people are being met. 113 00:05:30,600 --> 00:05:34,240 Speaker 4: If we don't do that because of this civil war 114 00:05:34,279 --> 00:05:37,520 Speaker 4: within the Republican Party, there's a consequence of the American people. 115 00:05:37,880 --> 00:05:40,320 Speaker 4: I only say that because very often it looks a 116 00:05:40,360 --> 00:05:42,679 Speaker 4: lot like palace intrigue. This is a real serious issue 117 00:05:42,720 --> 00:05:47,240 Speaker 4: that could affect Americans in a really negative way. 118 00:05:47,520 --> 00:05:49,760 Speaker 3: Freeze, Yeah, go ahead. 119 00:05:50,200 --> 00:05:52,719 Speaker 4: Now, I was gonna say my view is the same 120 00:05:52,880 --> 00:05:55,880 Speaker 4: view that we offered when Speaker McCarthy was facing the 121 00:05:55,880 --> 00:05:59,040 Speaker 4: motion to vacate. We want to see a bipartisan path forward. 122 00:05:59,240 --> 00:06:01,560 Speaker 4: We have very narrow margins in the House, we have 123 00:06:01,640 --> 00:06:05,200 Speaker 4: divided government. We offered a Speaker McCarthy when he was 124 00:06:05,279 --> 00:06:08,880 Speaker 4: Speaker facing the motion of a Kate a bipartisan path forward. 125 00:06:08,920 --> 00:06:12,000 Speaker 4: He said no, that he had it covered. We now 126 00:06:12,040 --> 00:06:15,640 Speaker 4: are offering the same thing to our Republican colleagues. Let's 127 00:06:15,920 --> 00:06:17,800 Speaker 4: we know they're in the majority and they're going to 128 00:06:17,920 --> 00:06:21,479 Speaker 4: name a Republican speaker. We're not fooling ourselves in that regard. 129 00:06:22,320 --> 00:06:25,000 Speaker 4: But that doesn't mean we can't come together to get 130 00:06:25,839 --> 00:06:28,520 Speaker 4: I don't I'm certainly not Jim Jordan. He's the least 131 00:06:28,920 --> 00:06:32,080 Speaker 4: bipartisan member of Congress that I know. But we can 132 00:06:32,120 --> 00:06:34,960 Speaker 4: come together, even if it's to make the Speaker pro 133 00:06:35,040 --> 00:06:39,080 Speaker 4: Tem McHenry the Speaker ProTem for a fixed period of 134 00:06:39,120 --> 00:06:41,120 Speaker 4: time so that we can get the business of the 135 00:06:41,120 --> 00:06:43,040 Speaker 4: American people done. I'm open to that. 136 00:06:44,880 --> 00:06:47,719 Speaker 3: Your leader, Hakim Jeffreys called Jim Jordan a clear and 137 00:06:47,839 --> 00:06:51,080 Speaker 3: present danger in a conversation with reporters in the hallways 138 00:06:51,880 --> 00:06:55,240 Speaker 3: earlier today, and Jim Jordan, I'm not sure exactly what 139 00:06:55,360 --> 00:06:57,000 Speaker 3: he meant by that. You can weigh in on it, 140 00:06:57,080 --> 00:06:59,200 Speaker 3: because there are questions about the role that he played 141 00:06:59,720 --> 00:07:03,400 Speaker 3: on Anuary sixth and helping Donald Trump attempt to overturn 142 00:07:03,440 --> 00:07:05,919 Speaker 3: the results of the twenty twenty election. Jim Jordan was 143 00:07:05,960 --> 00:07:09,040 Speaker 3: asked about that at his news conference earlier today. This 144 00:07:09,080 --> 00:07:11,640 Speaker 3: is his answer. I'd love to hear you respond to it. Congressman. 145 00:07:11,640 --> 00:07:12,400 Speaker 3: Here's Jim Jordan. 146 00:07:12,760 --> 00:07:14,000 Speaker 5: I think there were all kinds of problems with the 147 00:07:14,000 --> 00:07:16,720 Speaker 5: twenty twenty election. I've been clear about that. My intention 148 00:07:16,840 --> 00:07:19,360 Speaker 5: with in forwarding the email was an argument made by 149 00:07:19,680 --> 00:07:23,560 Speaker 5: former Inspector General for Donald Rumsfeld, accomplish lawyer who laid 150 00:07:23,560 --> 00:07:25,880 Speaker 5: out an argument from the Federalist papers I forwarded onto them. 151 00:07:25,920 --> 00:07:26,840 Speaker 5: That was all it was. 152 00:07:28,280 --> 00:07:31,920 Speaker 3: Congressman, did Democrats consider Jim Jordan to be an election denier? 153 00:07:31,960 --> 00:07:34,000 Speaker 3: And if so, what would that mean if he became speaker? 154 00:07:35,280 --> 00:07:37,760 Speaker 4: Well, he is an election denier. I mean, it was 155 00:07:37,840 --> 00:07:40,440 Speaker 4: a cute answer that he gave when pressed on this question. 156 00:07:40,760 --> 00:07:45,000 Speaker 4: He was intimately involved in supporting the effort to stop 157 00:07:45,040 --> 00:07:48,760 Speaker 4: the election from being certified. He was actually quite proud 158 00:07:48,840 --> 00:07:53,240 Speaker 4: of that until now being challenged on those statements. In 159 00:07:53,680 --> 00:07:57,240 Speaker 4: the longer view of history, he looks foolish. But there's 160 00:07:57,280 --> 00:08:00,800 Speaker 4: no denying, even by him at the time, that he 161 00:08:00,880 --> 00:08:03,120 Speaker 4: was a part of the effort to stop the certification 162 00:08:03,200 --> 00:08:06,480 Speaker 4: of the election. He was in conversation with former President 163 00:08:06,480 --> 00:08:09,320 Speaker 4: Trump during that day on several occasions, and you know, 164 00:08:09,360 --> 00:08:11,760 Speaker 4: the facts are just very clear in this regard. You know, 165 00:08:12,240 --> 00:08:14,880 Speaker 4: I don't deny him the right to his opinion. He 166 00:08:14,960 --> 00:08:16,640 Speaker 4: just needs to stick to the opinion that he had 167 00:08:16,680 --> 00:08:18,680 Speaker 4: then that was a threat to the United States, that 168 00:08:18,720 --> 00:08:20,640 Speaker 4: was a threat to our democracy. Jim Jordan was a 169 00:08:20,640 --> 00:08:21,920 Speaker 4: part of it, and he can't deny it. 170 00:08:23,560 --> 00:08:24,680 Speaker 3: I think he's going to drop out. 171 00:08:25,920 --> 00:08:30,000 Speaker 4: I don't know. You know, some people around this town, again, 172 00:08:30,080 --> 00:08:31,720 Speaker 4: this happens to be on both sides of the aisle. 173 00:08:31,920 --> 00:08:34,640 Speaker 4: From time to time, some people fall in love with 174 00:08:34,679 --> 00:08:37,600 Speaker 4: their noble defeats, or what they view as a noble defeat. 175 00:08:39,120 --> 00:08:41,040 Speaker 4: Jim Jordan has not been a person who's ever gotten 176 00:08:41,040 --> 00:08:44,640 Speaker 4: a lot of policy enacted. But he's often very critical 177 00:08:44,640 --> 00:08:47,400 Speaker 4: of the policies that are enacted, and so he doesn't 178 00:08:47,440 --> 00:08:49,440 Speaker 4: have a lot of experience with success around here, and 179 00:08:49,480 --> 00:08:51,400 Speaker 4: so I don't know if he knows how to get there. 180 00:08:51,559 --> 00:08:53,520 Speaker 4: I don't believe he does. He's going in the wrong direction. 181 00:08:54,120 --> 00:08:55,680 Speaker 4: But I also don't know that he has it in 182 00:08:55,760 --> 00:08:58,120 Speaker 4: him to drop out. But it shouldn't be up to him. 183 00:08:58,679 --> 00:09:01,320 Speaker 4: There are plenty of reasonable people in that Republican conference, 184 00:09:01,320 --> 00:09:04,520 Speaker 4: friends of mine, that I hope will finally come to 185 00:09:04,559 --> 00:09:06,760 Speaker 4: him and say, Jim, it's done, it's over, We're going 186 00:09:06,800 --> 00:09:07,160 Speaker 4: to move on. 187 00:09:07,400 --> 00:09:12,080 Speaker 3: Yeah. Well, you're known for working across the aisle. I 188 00:09:12,120 --> 00:09:14,160 Speaker 3: know that you have Republican friends, What do they tell 189 00:09:14,200 --> 00:09:17,400 Speaker 3: you when guys like me are not around. You're obviously 190 00:09:17,440 --> 00:09:20,640 Speaker 3: hearing I guess from centrist Maybe these are main street Republicans. 191 00:09:21,000 --> 00:09:23,440 Speaker 3: What do they tell you about a potential path forward 192 00:09:23,679 --> 00:09:27,079 Speaker 3: in which Democrats and Republicans might be able to work together. 193 00:09:28,040 --> 00:09:31,760 Speaker 4: Well, we've actually had some pretty serious conversations between Democrats 194 00:09:31,760 --> 00:09:35,880 Speaker 4: and Republicans on this possibility of empowering Speaker pro Tim 195 00:09:36,000 --> 00:09:39,280 Speaker 4: McHenry for a month or two, just so that we 196 00:09:39,320 --> 00:09:42,160 Speaker 4: can get the pressing business of the American people to 197 00:09:42,200 --> 00:09:44,640 Speaker 4: the floor of the House and over to the President's desk, 198 00:09:44,960 --> 00:09:47,440 Speaker 4: making sure we have a budget, dealing with the challenges 199 00:09:47,480 --> 00:09:50,360 Speaker 4: in Israel and Palestine, dealing with what's going on. 200 00:09:50,320 --> 00:09:52,480 Speaker 3: In conservative and say hell no to that, though right. 201 00:09:53,200 --> 00:09:56,040 Speaker 4: They seem to, But you know what, they don't maybe 202 00:09:56,040 --> 00:09:58,080 Speaker 4: get to call the shots all the time. We shouldn't 203 00:09:58,080 --> 00:10:04,480 Speaker 4: have extreme members dictating the questions that come before Congress. 204 00:10:04,559 --> 00:10:08,400 Speaker 4: When we have over three hundred members that have already 205 00:10:08,440 --> 00:10:12,559 Speaker 4: once this year come together around a compromised budget plan. 206 00:10:12,960 --> 00:10:15,040 Speaker 4: We got to just go back to those agreements and 207 00:10:15,080 --> 00:10:18,040 Speaker 4: remind ourselves that while we have our differences, we can 208 00:10:18,080 --> 00:10:20,760 Speaker 4: find common ground if we allow that common ground to 209 00:10:20,800 --> 00:10:22,719 Speaker 4: be taken to the floor of the House. Right now, 210 00:10:22,840 --> 00:10:24,040 Speaker 4: Republicans are preventing it. 211 00:10:25,200 --> 00:10:27,640 Speaker 3: Spending time with Congressman Dan Kildey, who's with us live 212 00:10:27,720 --> 00:10:30,480 Speaker 3: on Capitol Hill, and I'll remind everyone, Congressman that you 213 00:10:30,559 --> 00:10:32,560 Speaker 3: serve on the Budget Committee, you serve on the Ways 214 00:10:32,600 --> 00:10:34,640 Speaker 3: and Means Committee. In less than a month from now, 215 00:10:35,240 --> 00:10:37,640 Speaker 3: this government is going to shut down unless something happens. 216 00:10:37,760 --> 00:10:41,280 Speaker 3: Is Patrick McHenry the only way to avoid a shutdown 217 00:10:41,320 --> 00:10:41,880 Speaker 3: at this point. 218 00:10:42,760 --> 00:10:44,240 Speaker 4: I don't know if he's the only way, but he's 219 00:10:44,280 --> 00:10:48,120 Speaker 4: a certain way. If we were to come to agreement 220 00:10:48,480 --> 00:10:51,760 Speaker 4: to empower a speaker ro Tem McHenry to bring up 221 00:10:51,840 --> 00:10:55,559 Speaker 4: the resolution that we enacted in a bipartisan fashion on 222 00:10:55,600 --> 00:10:59,040 Speaker 4: May thirty one, we'd get I assume the same number 223 00:10:59,040 --> 00:11:02,520 Speaker 4: of votes that we had in May this month, and 224 00:11:02,559 --> 00:11:05,280 Speaker 4: that would stop a government shut down. So that's one way. 225 00:11:05,760 --> 00:11:07,440 Speaker 4: If they've got another name they want to offer that, 226 00:11:07,480 --> 00:11:10,280 Speaker 4: we'll be willing to bring up that bipartisan agreement. I 227 00:11:10,280 --> 00:11:11,960 Speaker 4: think it would be good for the American people, and 228 00:11:11,960 --> 00:11:14,800 Speaker 4: it would allow the Republican Conference to continue to have 229 00:11:14,880 --> 00:11:18,320 Speaker 4: their argument about who should be their permanent speaker, but 230 00:11:18,440 --> 00:11:21,199 Speaker 4: not hold the American people hostage in the process. 231 00:11:22,440 --> 00:11:24,679 Speaker 3: If you're planning to work the weekend, what's the message 232 00:11:24,720 --> 00:11:25,280 Speaker 3: that you're hearing. 233 00:11:26,200 --> 00:11:29,600 Speaker 4: You know, I'll be here ready to vote. We don't 234 00:11:29,640 --> 00:11:33,160 Speaker 4: know what the Republican leadership will do in their conference meeting. 235 00:11:33,440 --> 00:11:35,199 Speaker 4: There's a chance they send us home and we come 236 00:11:35,240 --> 00:11:38,640 Speaker 4: back Monday. My view is, let's get this done. Whatever 237 00:11:38,760 --> 00:11:41,320 Speaker 4: the ultimate result is, let's get it done sooner rather 238 00:11:41,360 --> 00:11:41,760 Speaker 4: than later. 239 00:11:43,240 --> 00:11:45,559 Speaker 3: Glad you could join us as always. Congressman Dan Kildey, 240 00:11:45,600 --> 00:11:48,120 Speaker 3: the Democrat from Michigan, Good to see you, and thanks 241 00:11:48,160 --> 00:11:51,760 Speaker 3: for thanking the insights today on another wild day in Washington. 242 00:11:51,840 --> 00:11:54,840 Speaker 3: If you're just joining us, Jim Jordan fails in round three, 243 00:11:55,320 --> 00:11:57,320 Speaker 3: and we still do not have a Speaker of the 244 00:11:57,360 --> 00:12:00,680 Speaker 3: House or apparently a path to get one. We assemble 245 00:12:00,720 --> 00:12:04,720 Speaker 3: our panel now. Rick Davis, Bloomberg Politics contributor in Genie 246 00:12:04,720 --> 00:12:08,160 Speaker 3: Shanzano with us on this Friday. I'm glad to say, Rick, 247 00:12:08,200 --> 00:12:12,920 Speaker 3: here we are again. This is this is starting to 248 00:12:13,000 --> 00:12:17,079 Speaker 3: feel like Groundhog Day. What does a third and bigger 249 00:12:17,200 --> 00:12:21,160 Speaker 3: loss for Jim Jordan mean for any potential future rounds? 250 00:12:22,559 --> 00:12:24,559 Speaker 7: Well, you know the difference in groundhog days. You learn 251 00:12:24,600 --> 00:12:27,520 Speaker 7: along the way. They don't seem to be learning anything along. 252 00:12:27,200 --> 00:12:27,840 Speaker 8: The way here. 253 00:12:29,400 --> 00:12:33,480 Speaker 7: You know, it's just it's an exercise and stupidity. How 254 00:12:33,520 --> 00:12:35,960 Speaker 7: many times you have to vote and keep losing votes 255 00:12:36,280 --> 00:12:38,760 Speaker 7: to find out that you're not going to be the speaker. 256 00:12:39,600 --> 00:12:41,800 Speaker 7: The Jordan thing is a real case study because it 257 00:12:41,880 --> 00:12:45,400 Speaker 7: shows that it's more important for him to keep fighting 258 00:12:45,679 --> 00:12:48,600 Speaker 7: than to actually accomplish anything. He's not going to be 259 00:12:48,800 --> 00:12:52,640 Speaker 7: Speaker of the House of Representatives. It is not baked 260 00:12:52,679 --> 00:12:56,000 Speaker 7: into the vote. I've spent a lot of time counting 261 00:12:56,080 --> 00:13:00,040 Speaker 7: votes on Capitol Hill, and it's pretty obvious that the 262 00:13:00,160 --> 00:13:02,599 Speaker 7: or he votes, the more he is going to ostracize 263 00:13:02,640 --> 00:13:07,400 Speaker 7: himself in his own caucus. And so the fact is 264 00:13:07,720 --> 00:13:10,440 Speaker 7: this meeting that's being held right now needs to result 265 00:13:10,480 --> 00:13:14,000 Speaker 7: in some new ideas. Patrick McHenry isn't making it easy 266 00:13:14,040 --> 00:13:16,040 Speaker 7: for people because he doesn't want to be speaker, and 267 00:13:16,040 --> 00:13:19,079 Speaker 7: he's made it very clear. But you know, this may 268 00:13:19,120 --> 00:13:23,520 Speaker 7: be draft day, and I think that at this stage 269 00:13:23,800 --> 00:13:26,840 Speaker 7: Republican leaders, and he's one of them, need to salute 270 00:13:26,880 --> 00:13:29,000 Speaker 7: and do what's right for the country and quit worrying 271 00:13:29,000 --> 00:13:30,760 Speaker 7: about their own political ambitions. 272 00:13:31,440 --> 00:13:31,800 Speaker 1: Wow. 273 00:13:32,000 --> 00:13:34,840 Speaker 3: Genie Shanzo, Happy Friday. It feels a lot like Thursday, 274 00:13:34,880 --> 00:13:37,840 Speaker 3: which felt like Wednesday. I guess my question here is, 275 00:13:37,840 --> 00:13:39,880 Speaker 3: you know, look, it's Jim Jordan we're talking about. He's 276 00:13:39,920 --> 00:13:42,920 Speaker 3: a wrestler. We've certainly heard a lot about that recently, 277 00:13:43,600 --> 00:13:46,120 Speaker 3: and sometimes you have to get into that third or 278 00:13:46,160 --> 00:13:49,200 Speaker 3: fourth round before you get the upper hand. Do you 279 00:13:49,240 --> 00:13:52,240 Speaker 3: even see him having that bone in his body to 280 00:13:52,280 --> 00:13:52,760 Speaker 3: back down? 281 00:13:54,240 --> 00:13:57,320 Speaker 9: You know, I don't know how he is feeling and 282 00:13:57,360 --> 00:13:59,720 Speaker 9: what he is thinking. He seems to be prodded on 283 00:13:59,840 --> 00:14:02,920 Speaker 9: by members, and this to me is really a fight 284 00:14:03,160 --> 00:14:06,360 Speaker 9: between something we have seen in the Republican Party writ large, 285 00:14:06,800 --> 00:14:10,480 Speaker 9: which is the populist Maga Trump wing of the party 286 00:14:10,920 --> 00:14:14,960 Speaker 9: versus the institutionalists. And the institutionalist I think many on 287 00:14:15,000 --> 00:14:18,079 Speaker 9: the Trump side we're pretty confident we're going to cave, 288 00:14:18,600 --> 00:14:21,160 Speaker 9: and that hasn't proven to be the case. They have 289 00:14:21,320 --> 00:14:25,280 Speaker 9: stood strong and their numbers are slowly increasing as we 290 00:14:25,320 --> 00:14:28,640 Speaker 9: look at this latest vote, and so Jim Jordan is 291 00:14:28,680 --> 00:14:32,000 Speaker 9: going to have to realize that they need to find 292 00:14:32,040 --> 00:14:35,240 Speaker 9: a consensus candidate. But you know, to me, what has 293 00:14:35,240 --> 00:14:39,120 Speaker 9: been so striking is listening to and you mentioned this 294 00:14:39,280 --> 00:14:42,960 Speaker 9: when you were talking to the representatives these nominating speeches 295 00:14:43,000 --> 00:14:47,320 Speaker 9: are fascinating, you know, Kevin McCarthy calling Jim Jordan a 296 00:14:47,440 --> 00:14:50,280 Speaker 9: legislator and getting a chuckle and a laugh, and then 297 00:14:50,360 --> 00:14:53,480 Speaker 9: Kevin McCarthy suggesting that people who put their names on 298 00:14:53,680 --> 00:14:57,680 Speaker 9: bills are somehow to be looked down upon. Well, if 299 00:14:57,720 --> 00:15:01,040 Speaker 9: you're not signing bills and not passing legislation and not 300 00:15:01,120 --> 00:15:03,840 Speaker 9: trying to do the number one job that you're elected 301 00:15:03,840 --> 00:15:07,120 Speaker 9: to do, how is it that you can be thought 302 00:15:07,120 --> 00:15:09,800 Speaker 9: of as a leader in this party. But that is 303 00:15:09,840 --> 00:15:13,880 Speaker 9: what Kevin McCarthy was suggesting. So you know, between that 304 00:15:14,040 --> 00:15:18,200 Speaker 9: and Tom Pulled the day before nominating Jim Jordan, and 305 00:15:18,280 --> 00:15:21,400 Speaker 9: his basis renomination was Jim Jordan is going to attack 306 00:15:21,440 --> 00:15:25,440 Speaker 9: social Security and Medicare and Medicaid. This is where they 307 00:15:25,440 --> 00:15:27,560 Speaker 9: are and it is not a selling point for the 308 00:15:27,600 --> 00:15:30,880 Speaker 9: party or for voters. So keep it up, guys. It 309 00:15:31,000 --> 00:15:32,560 Speaker 9: is a losing proposition. 310 00:15:33,600 --> 00:15:33,840 Speaker 1: Wow. 311 00:15:33,920 --> 00:15:36,720 Speaker 3: I think maybe he will wrestle the entitlements to the ground. 312 00:15:37,080 --> 00:15:40,840 Speaker 3: Genie Rick, the stories from inside the Republican Conference meeting. 313 00:15:40,880 --> 00:15:43,040 Speaker 3: I can only imagine what's going on right now as 314 00:15:43,080 --> 00:15:47,720 Speaker 3: we speak. Are wild people yelling at each other, f 315 00:15:47,800 --> 00:15:53,000 Speaker 3: bombs being thrown? The Five Families kind of ganging up 316 00:15:53,000 --> 00:15:56,720 Speaker 3: on each other. Matt Gates shouted down, told to sit 317 00:15:56,840 --> 00:16:01,240 Speaker 3: when he stands. If it continue, we use to deteriorate 318 00:16:01,400 --> 00:16:04,440 Speaker 3: like this. Where are we in a week or two 319 00:16:04,440 --> 00:16:07,440 Speaker 3: from now when a shutdown appears more likely? 320 00:16:09,040 --> 00:16:09,280 Speaker 8: Yeah? 321 00:16:09,320 --> 00:16:11,920 Speaker 7: Look, I mean every day that there's not a speaker 322 00:16:12,080 --> 00:16:15,680 Speaker 7: in that chair, a shutdown is one more day to 323 00:16:15,760 --> 00:16:19,560 Speaker 7: being likely, probably less than twenty working days between now 324 00:16:19,600 --> 00:16:24,200 Speaker 7: and when the shutdown would occur. It's panic time today, right, 325 00:16:24,280 --> 00:16:26,400 Speaker 7: I mean, we don't have time to panic next week. 326 00:16:26,440 --> 00:16:30,280 Speaker 7: We should be panicking today. In addition to that, the 327 00:16:30,320 --> 00:16:34,880 Speaker 7: President just submitted a significant funding bill, you know, for 328 00:16:36,120 --> 00:16:40,160 Speaker 7: our allies and distressed democracies around the world. That is 329 00:16:40,200 --> 00:16:43,880 Speaker 7: incredibly important, and I would say almost as important as 330 00:16:43,920 --> 00:16:47,680 Speaker 7: funding the federal government itself. Because without these kinds of 331 00:16:47,680 --> 00:16:50,640 Speaker 7: funds flowing to these places, good democracies will go by 332 00:16:50,680 --> 00:16:54,680 Speaker 7: the wayside. And so this group has to get off 333 00:16:54,720 --> 00:16:59,840 Speaker 7: the pot and do something. And the reality is, you know, 334 00:17:00,240 --> 00:17:02,680 Speaker 7: it only seems to get worse. I mean, now, the 335 00:17:03,440 --> 00:17:07,720 Speaker 7: crazy Eights, the gang that threw McCarthy out of the 336 00:17:07,840 --> 00:17:14,919 Speaker 7: chair for actually passing bills, is offering a willingness to 337 00:17:14,960 --> 00:17:17,720 Speaker 7: be punished. They if the rest of the caucus just 338 00:17:17,800 --> 00:17:23,040 Speaker 7: supports Jordan. That's the strangest offer I've ever heard in politics. Hey, 339 00:17:23,080 --> 00:17:25,640 Speaker 7: we totally screwed up and we're. 340 00:17:25,440 --> 00:17:27,840 Speaker 3: Willing to be part Davis. We've got more of our 341 00:17:27,880 --> 00:17:30,520 Speaker 3: panel coming up next. This is Bloomberg. 342 00:17:32,119 --> 00:17:35,480 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch the 343 00:17:35,520 --> 00:17:39,399 Speaker 1: program live weekdays at one Eastern on Bloomberg Radio, the 344 00:17:39,480 --> 00:17:42,800 Speaker 1: tune in alf, Bloomberg dot Com, and the Bloomberg Business App. 345 00:17:42,960 --> 00:17:45,800 Speaker 1: You can also listen live on Amazon Alexa from our 346 00:17:45,840 --> 00:17:50,280 Speaker 1: flagship New York station, Just Say Alexa played Bloomberg eleven thirty. 347 00:17:52,200 --> 00:17:55,640 Speaker 3: We've got a red headline on the terminal about Israel, 348 00:17:55,720 --> 00:17:59,080 Speaker 3: and it is not the ground invasion. Quite the contrary. 349 00:17:59,800 --> 00:18:04,199 Speaker 3: I read US presses Israel to delay Gaza invasion to 350 00:18:04,359 --> 00:18:09,800 Speaker 3: win hostage release. Did you see the President last night? 351 00:18:09,840 --> 00:18:12,359 Speaker 3: Did you listen on Bloomberg TV or radio? Joe Biden 352 00:18:12,400 --> 00:18:15,080 Speaker 3: from the Oval Office, only the second time he's used 353 00:18:15,080 --> 00:18:19,000 Speaker 3: the Oval Office as a venue to reach into Americans' homes, 354 00:18:19,240 --> 00:18:23,439 Speaker 3: went live at eight pm Washington time, and he spoke 355 00:18:23,480 --> 00:18:28,280 Speaker 3: to the cause behind not only funding Israel, but also Ukraine. 356 00:18:28,640 --> 00:18:32,000 Speaker 10: Not earlier this morning, I returned from Israel. They tell 357 00:18:32,000 --> 00:18:34,240 Speaker 10: me I'm the first American president to travel there during 358 00:18:34,240 --> 00:18:37,080 Speaker 10: the war. I met with the Prime Minister and members 359 00:18:37,080 --> 00:18:40,520 Speaker 10: of his cabinet, and most movingly, I met with Israelis 360 00:18:40,520 --> 00:18:43,760 Speaker 10: who had personally lived through horrific car of the attack 361 00:18:43,880 --> 00:18:47,680 Speaker 10: by Hamas on the seventh of October. More than one 362 00:18:47,840 --> 00:18:51,920 Speaker 10: three hundred people slaughtered in Israel, including at least thirty 363 00:18:51,920 --> 00:18:56,560 Speaker 10: two American citizens, scores of innocence, from infants to the 364 00:18:56,600 --> 00:19:01,639 Speaker 10: elderly grandparents. Israelis Americans taken hosta as. I told the 365 00:19:01,680 --> 00:19:04,800 Speaker 10: families of Americans being held captive by a Mons, We're 366 00:19:04,800 --> 00:19:07,320 Speaker 10: pursuing every avenue to bring their loved ones. 367 00:19:07,160 --> 00:19:11,040 Speaker 3: Home, which brings us to the supplemental buzzet request that 368 00:19:11,080 --> 00:19:14,360 Speaker 3: will apparently amount to one hundred billion dollars. The President 369 00:19:14,400 --> 00:19:16,760 Speaker 3: did detail some of that last night. We've done more 370 00:19:16,800 --> 00:19:19,280 Speaker 3: reporting on how it breaks down, with a good chunk 371 00:19:19,320 --> 00:19:24,600 Speaker 3: of that sixty billion of it for Ukraine. Now, there 372 00:19:24,640 --> 00:19:26,679 Speaker 3: was a lot of reporting here. As we bring our 373 00:19:26,720 --> 00:19:29,679 Speaker 3: panel back in, Rick Davis and Genie Shanzano are with us. 374 00:19:29,720 --> 00:19:33,160 Speaker 3: There was reporting that this invasion could come at any 375 00:19:33,200 --> 00:19:36,680 Speaker 3: point following the President's visit. It is not begun yet, 376 00:19:38,040 --> 00:19:42,160 Speaker 3: And Genie, I wonder your thoughts on whether you think 377 00:19:42,240 --> 00:19:44,639 Speaker 3: it will actually happen. What are they waiting for? Is 378 00:19:44,640 --> 00:19:46,919 Speaker 3: this about rescuing hostages or is it more than that? 379 00:19:48,520 --> 00:19:51,280 Speaker 9: You know, first of all, such good news to hear 380 00:19:51,359 --> 00:19:54,199 Speaker 9: that there's this potential hostage release. I think this is 381 00:19:54,200 --> 00:19:57,280 Speaker 9: what everybody has been hoping for and praying for. So 382 00:19:57,720 --> 00:20:02,119 Speaker 9: provided those accounts are true, that is very good news. 383 00:20:02,160 --> 00:20:02,280 Speaker 5: All. 384 00:20:02,560 --> 00:20:04,760 Speaker 3: Yeah, we should detail that, Genie. That's the other most 385 00:20:04,800 --> 00:20:08,280 Speaker 3: important headline is that Hamas says it released two US 386 00:20:08,320 --> 00:20:14,879 Speaker 3: citizens on humanitarian grounds, but there are still dozens left. Genie, 387 00:20:15,080 --> 00:20:15,960 Speaker 3: what's your thaw that? 388 00:20:16,560 --> 00:20:20,359 Speaker 9: Yeah, hundreds, I mean over one hundred, one hundred and 389 00:20:20,400 --> 00:20:23,840 Speaker 9: fifty potentially that we hear, So, you know, I think 390 00:20:23,960 --> 00:20:27,159 Speaker 9: it this is the fine line that we've heard the 391 00:20:27,160 --> 00:20:31,919 Speaker 9: president in the administration walking for some time. And you know, 392 00:20:32,440 --> 00:20:35,840 Speaker 9: it was stunning to see a US president sitting in 393 00:20:35,880 --> 00:20:39,399 Speaker 9: the war cabinet of another country. I mean, if you 394 00:20:39,480 --> 00:20:41,919 Speaker 9: had told me a week ago, two weeks ago that 395 00:20:41,960 --> 00:20:45,280 Speaker 9: we would ever see that, that was a stunning development. 396 00:20:45,720 --> 00:20:48,560 Speaker 9: And you know, we are looking at a government in 397 00:20:48,600 --> 00:20:51,520 Speaker 9: Israel which has not just a Benjamin Nettan Yahoo. But 398 00:20:51,600 --> 00:20:55,040 Speaker 9: this council, this war council, made up of three and 399 00:20:55,119 --> 00:20:58,320 Speaker 9: what we do here is there has been some division 400 00:20:58,440 --> 00:21:01,880 Speaker 9: amongst those three of when and how to go in. 401 00:21:02,000 --> 00:21:05,920 Speaker 9: One of those divisions being do you go into Gaza 402 00:21:06,040 --> 00:21:08,399 Speaker 9: as a one front of war or do you go 403 00:21:08,520 --> 00:21:11,160 Speaker 9: in as a two front to try to head off 404 00:21:11,240 --> 00:21:15,560 Speaker 9: some attack from the north by Hesbealah and others. And 405 00:21:15,600 --> 00:21:19,600 Speaker 9: then of course this question of how extensive the invasion is, 406 00:21:19,920 --> 00:21:22,439 Speaker 9: and now as you couple that with the US asking 407 00:21:22,480 --> 00:21:25,760 Speaker 9: them to put it off when they go in, so 408 00:21:26,160 --> 00:21:29,040 Speaker 9: a lot of questions unanswered. I do think we get 409 00:21:29,480 --> 00:21:31,800 Speaker 9: a ground invasion, but I don't think we can say 410 00:21:31,880 --> 00:21:34,200 Speaker 9: right now whether that is going to be at two front, 411 00:21:34,240 --> 00:21:37,760 Speaker 9: one front, extensive or more limited. But if their goal 412 00:21:38,080 --> 00:21:41,520 Speaker 9: is to wipe Hamas out, how can they do that 413 00:21:41,720 --> 00:21:46,160 Speaker 9: in a limited invasion on the ground. Very very difficult 414 00:21:46,240 --> 00:21:49,679 Speaker 9: to imagine that being accomplished. And you know, that's really 415 00:21:49,800 --> 00:21:51,840 Speaker 9: what we are left with, and that's why they are 416 00:21:51,920 --> 00:21:55,600 Speaker 9: hearing mixed messages from the rest of the world on this. 417 00:21:56,960 --> 00:22:00,000 Speaker 3: President said a short time ago at the White House 418 00:22:00,960 --> 00:22:03,720 Speaker 3: Rick that within twenty four to forty eight hours, the 419 00:22:03,760 --> 00:22:07,320 Speaker 3: first aid will be en route to Gaza. I've been 420 00:22:07,359 --> 00:22:10,359 Speaker 3: asking which will happen first, Will the AID arrive or 421 00:22:10,400 --> 00:22:12,920 Speaker 3: will the ground invasion begin? What do you think? 422 00:22:14,520 --> 00:22:14,720 Speaker 8: You know? 423 00:22:15,240 --> 00:22:19,520 Speaker 7: I think it's disconnected. I don't think that the Israeli 424 00:22:19,720 --> 00:22:25,720 Speaker 7: military are considering the release of AID as a prerequisite or. 425 00:22:28,240 --> 00:22:28,359 Speaker 8: Not. 426 00:22:29,119 --> 00:22:33,320 Speaker 7: They have their own goals and objectives militarily that are 427 00:22:33,400 --> 00:22:38,320 Speaker 7: focus on the northern part of Gaza. That is not 428 00:22:38,400 --> 00:22:40,240 Speaker 7: where the AID is going to come in. A lot 429 00:22:40,240 --> 00:22:42,320 Speaker 7: of good agencies are working hard to bring AID in. 430 00:22:43,440 --> 00:22:46,040 Speaker 7: You and I think those two things are relatively disconnected. 431 00:22:46,080 --> 00:22:50,120 Speaker 7: I do not think that the hostage situation is disconnected 432 00:22:50,160 --> 00:22:54,520 Speaker 7: from the pause of military activity going into Gaza. Obviously, 433 00:22:54,560 --> 00:22:57,639 Speaker 7: everyone's top priority of the US and Israel is to 434 00:22:57,640 --> 00:23:01,159 Speaker 7: get their hostages out, and the fact that Cutter is 435 00:23:01,200 --> 00:23:05,720 Speaker 7: playing a constructive role in trying to facilitate that. We 436 00:23:05,800 --> 00:23:09,159 Speaker 7: have to remind ourselves that the entire political leadership of 437 00:23:09,240 --> 00:23:12,240 Speaker 7: Hamas is in Doha Cutter. It's where they live and 438 00:23:12,280 --> 00:23:17,359 Speaker 7: where they operates. A Faucian bargain that these things are 439 00:23:17,400 --> 00:23:20,560 Speaker 7: allowed to happen because then we need the cutteries when 440 00:23:20,960 --> 00:23:25,200 Speaker 7: this kind of thing happened. So the reality is that 441 00:23:25,560 --> 00:23:28,000 Speaker 7: we hope that this solves some of that problem, and 442 00:23:28,040 --> 00:23:31,680 Speaker 7: then Israel will make whatever military decisions that are in 443 00:23:31,760 --> 00:23:32,680 Speaker 7: their best interests. 444 00:23:34,119 --> 00:23:39,000 Speaker 3: Yeah, apparently it was a mother and her daughter released 445 00:23:39,000 --> 00:23:43,120 Speaker 3: with the help of to your point, Rick Cutter, which 446 00:23:43,160 --> 00:23:46,880 Speaker 3: helped to negotiate the release of these hostages. Bloomberg says 447 00:23:46,920 --> 00:23:50,000 Speaker 3: it was not immediately possible to verify claims by Hamas 448 00:23:50,080 --> 00:23:52,920 Speaker 3: or identify the two Americans, So I suspect that we'll 449 00:23:52,960 --> 00:23:55,720 Speaker 3: be learning a lot more about this. You've got to 450 00:23:55,760 --> 00:23:57,680 Speaker 3: take that as good news, I'm guessing, Genie, and I 451 00:23:57,720 --> 00:24:01,680 Speaker 3: think you already made that reference. If hostile rescue operations 452 00:24:01,680 --> 00:24:04,720 Speaker 3: are slowing a ground invasion, we call that progress. 453 00:24:04,400 --> 00:24:08,720 Speaker 9: Right absolutely, and you know, you hope that this is 454 00:24:08,760 --> 00:24:11,399 Speaker 9: a precursor of what is to come, that there is 455 00:24:11,480 --> 00:24:15,320 Speaker 9: an agreement struck to get that humanitarian aid in to 456 00:24:15,400 --> 00:24:18,560 Speaker 9: the degree it needs to be in safely, and then, 457 00:24:18,600 --> 00:24:23,040 Speaker 9: of course, more importantly, those hostages released. And this is 458 00:24:23,240 --> 00:24:26,639 Speaker 9: you know, sort of a one positive sign at a 459 00:24:26,840 --> 00:24:30,720 Speaker 9: very very difficult moment. So absolutely good news. And I 460 00:24:30,760 --> 00:24:32,760 Speaker 9: think you know, this is what the President has been 461 00:24:32,800 --> 00:24:37,520 Speaker 9: talking about, is you know, trying to be circumspect and 462 00:24:37,600 --> 00:24:40,680 Speaker 9: trying to keep the emotion out of it as much 463 00:24:40,760 --> 00:24:44,480 Speaker 9: as possible and try to get these steps done of 464 00:24:44,600 --> 00:24:48,399 Speaker 9: aid and the hostages released and this. So this, you know, 465 00:24:48,600 --> 00:24:51,160 Speaker 9: is sort of building on what he said last night, 466 00:24:51,520 --> 00:24:56,000 Speaker 9: But of course how Israel responds militarily, and of course 467 00:24:56,119 --> 00:25:00,000 Speaker 9: what happens elsewhere. Let's not forget. We had the missile 468 00:25:00,080 --> 00:25:02,840 Speaker 9: attack yesterday that the US struck down for the Huthis. 469 00:25:03,200 --> 00:25:05,920 Speaker 9: We've had Hesboalah on the fringe. So all of those 470 00:25:06,000 --> 00:25:09,840 Speaker 9: players and the proxies of Iran still out there, and 471 00:25:09,880 --> 00:25:11,800 Speaker 9: how they respond to all of this is going to 472 00:25:11,800 --> 00:25:12,800 Speaker 9: be critically important. 473 00:25:13,840 --> 00:25:16,800 Speaker 3: It does feel different today than it did even yesterday. 474 00:25:17,000 --> 00:25:19,639 Speaker 3: And in this case, another rapidly developing story, Rick, with 475 00:25:19,720 --> 00:25:25,040 Speaker 3: reports of attacks on US military installations in Iraq and Syria, 476 00:25:25,560 --> 00:25:29,760 Speaker 3: the fact that the US intercepted cruise missiles shot by 477 00:25:29,800 --> 00:25:33,560 Speaker 3: a terrorist group in Yemen toward Israel. How concerned are 478 00:25:33,600 --> 00:25:36,920 Speaker 3: you about this becoming a wider war? 479 00:25:38,480 --> 00:25:41,359 Speaker 7: Well, I actually think it started as a wider war. 480 00:25:42,480 --> 00:25:45,200 Speaker 7: You know, I thought it was naive that we spent 481 00:25:45,280 --> 00:25:48,040 Speaker 7: a lot of time debating what Iran's role in all 482 00:25:48,119 --> 00:25:51,480 Speaker 7: this was on the heels of the attack from Hamas 483 00:25:51,560 --> 00:25:56,440 Speaker 7: into Israel. Look, I mean, Iran has been fomenting instability 484 00:25:56,760 --> 00:26:00,520 Speaker 7: and violence in the region. Their malign influence is well 485 00:26:00,560 --> 00:26:04,480 Speaker 7: documented and known. And all of these groups, the Hooties, 486 00:26:04,960 --> 00:26:09,480 Speaker 7: the Hmas, the others, the Syrians, they all are funded, 487 00:26:09,520 --> 00:26:11,400 Speaker 7: they are all equipped. Where do you think they get 488 00:26:11,400 --> 00:26:15,919 Speaker 7: the missiles? You know, this is an Iran play to 489 00:26:16,040 --> 00:26:19,920 Speaker 7: try and destabilize the region, the same way the Russians 490 00:26:19,920 --> 00:26:23,359 Speaker 7: are doing in Europe and the Chinese are doing in Asia. 491 00:26:23,440 --> 00:26:27,040 Speaker 7: These are axis of evil that that George Bush only 492 00:26:27,119 --> 00:26:30,439 Speaker 7: dreamed of. I mean, this is this is what the 493 00:26:30,640 --> 00:26:33,960 Speaker 7: speech that President Biden made. 494 00:26:34,440 --> 00:26:38,720 Speaker 3: It's all about this. I want to hear from both 495 00:26:38,720 --> 00:26:41,080 Speaker 3: of you about the President's address. We're going to do 496 00:26:41,119 --> 00:26:42,880 Speaker 3: that next. And of course it all ties back into 497 00:26:42,920 --> 00:26:45,840 Speaker 3: what's happening or not happening here in Washington. With a 498 00:26:45,880 --> 00:26:49,200 Speaker 3: speakerless house, it doesn't matter what the president asks for. 499 00:26:49,760 --> 00:26:53,280 Speaker 3: You can't get action on legislation unless someone has the gavel. 500 00:26:55,160 --> 00:26:58,640 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us 501 00:26:58,680 --> 00:27:00,600 Speaker 1: live weekdays at one ear. 502 00:27:00,440 --> 00:27:03,600 Speaker 2: On Bloomberg dot com, the iHeartRadio app and the Bloomberg 503 00:27:03,640 --> 00:27:07,040 Speaker 2: Business app, or listen on demand wherever you get your podcasts. 504 00:27:08,080 --> 00:27:11,760 Speaker 3: It was only his second Oval Office address as President. 505 00:27:11,840 --> 00:27:14,639 Speaker 3: Joe Biden last evening, taking to air at eight pm 506 00:27:14,720 --> 00:27:19,040 Speaker 3: from behind the Resolute Desk to make the case for 507 00:27:19,119 --> 00:27:24,040 Speaker 3: funding Israel and Ukraine, painting this as a very dangerous world. 508 00:27:24,800 --> 00:27:28,080 Speaker 10: I know these conflicts can seem far away and snaps 509 00:27:28,119 --> 00:27:31,000 Speaker 10: will ask why does this matter to America? So let 510 00:27:31,080 --> 00:27:34,120 Speaker 10: me share with you why making sure Israel and Ukraine 511 00:27:34,160 --> 00:27:38,560 Speaker 10: succeed is vital for America's national security. You know, history 512 00:27:38,560 --> 00:27:40,920 Speaker 10: has taught us that when terrorists don't pay a price 513 00:27:40,960 --> 00:27:44,000 Speaker 10: for their terror, when dictators don't pay a price for 514 00:27:44,040 --> 00:27:48,240 Speaker 10: their aggression, they caused more chaos and death and more destruction. 515 00:27:49,840 --> 00:27:52,400 Speaker 3: The president last evening in the Oval Office. He has 516 00:27:52,400 --> 00:27:56,119 Speaker 3: since commented on the situation, as we mentioned, suggesting that 517 00:27:56,280 --> 00:27:59,080 Speaker 3: humanitarian aid in the next twenty four to forty eight 518 00:27:59,080 --> 00:28:02,360 Speaker 3: hours will be arrived in Gaza. Let's reassemble our panel's 519 00:28:02,359 --> 00:28:04,399 Speaker 3: talk about this and a lot more. Genie Shanzano and 520 00:28:04,480 --> 00:28:06,560 Speaker 3: Rick Davis are here on the Friday edition of Sound 521 00:28:06,600 --> 00:28:10,480 Speaker 3: On Rick, what did you make of the speech itself, 522 00:28:10,840 --> 00:28:13,800 Speaker 3: the writing of the speech, but also the delivery by 523 00:28:13,800 --> 00:28:14,400 Speaker 3: this president. 524 00:28:16,000 --> 00:28:19,000 Speaker 7: Yeah, I thought it was best best speech the president 525 00:28:19,000 --> 00:28:23,280 Speaker 7: has given since his term of office. It was substantively 526 00:28:23,359 --> 00:28:27,840 Speaker 7: exactly what the American people needed to hear that the 527 00:28:27,880 --> 00:28:31,120 Speaker 7: world is a competitive place and there are those who 528 00:28:31,960 --> 00:28:35,920 Speaker 7: want to undermine our values in our system of democracy 529 00:28:36,000 --> 00:28:40,480 Speaker 7: around the world. He was able to use effectively. I 530 00:28:40,520 --> 00:28:46,560 Speaker 7: thought Ukraine and Israel as two examples of what's happening 531 00:28:46,600 --> 00:28:49,520 Speaker 7: around the world in that regard, but there are more, 532 00:28:49,600 --> 00:28:54,240 Speaker 7: and he alluded to that with Taiwan and China, and frankly, 533 00:28:54,280 --> 00:28:54,560 Speaker 7: there are. 534 00:28:54,520 --> 00:28:55,239 Speaker 8: Even more than that. 535 00:28:55,400 --> 00:28:58,120 Speaker 7: So I think he finally took it to the American people. 536 00:28:58,160 --> 00:29:01,280 Speaker 7: I wish you'd done it on Ukraine earlier to help 537 00:29:01,320 --> 00:29:05,320 Speaker 7: build American support for that, but I thought it was 538 00:29:06,480 --> 00:29:10,280 Speaker 7: well done, and hopefully we'll result in a little stuff 539 00:29:10,320 --> 00:29:13,520 Speaker 7: or backbone and some of the isolationists in Congress to 540 00:29:13,600 --> 00:29:17,320 Speaker 7: get going and help support those countries that mean so 541 00:29:17,400 --> 00:29:17,920 Speaker 7: much to us. 542 00:29:18,960 --> 00:29:21,640 Speaker 3: Well, that's the question, Jeanie. Did the President change any 543 00:29:21,680 --> 00:29:24,040 Speaker 3: minds last night, whether it was people watching at home 544 00:29:24,160 --> 00:29:25,840 Speaker 3: or lawmakers in Washington. 545 00:29:31,920 --> 00:29:34,880 Speaker 9: You know, he's sorry, Joe. He had an almost impossible 546 00:29:35,000 --> 00:29:39,760 Speaker 9: task ahead of him, and the reality is is that 547 00:29:39,920 --> 00:29:43,440 Speaker 9: when you were speaking to that many audiences and chriss 548 00:29:43,440 --> 00:29:46,120 Speaker 9: crossing the world, the way he was trying to do. 549 00:29:46,760 --> 00:29:49,640 Speaker 9: It was a very very difficult hill to climb. So 550 00:29:49,720 --> 00:29:51,920 Speaker 9: I give him credit for coming out. I think he 551 00:29:52,000 --> 00:29:55,120 Speaker 9: needs to do that more. But I put myself in 552 00:29:55,160 --> 00:29:58,840 Speaker 9: the perspective of somebody who's not following this as closely 553 00:29:58,920 --> 00:30:02,800 Speaker 9: as you do. Rick does and I do. And if 554 00:30:02,840 --> 00:30:05,600 Speaker 9: you are sitting somewhere working all day, you come home, 555 00:30:05,680 --> 00:30:08,920 Speaker 9: you turn on the TV, or you turn on Bloomberg Radio, 556 00:30:09,400 --> 00:30:13,080 Speaker 9: you're listening. You're thinking, why is he talking about taking 557 00:30:13,120 --> 00:30:16,400 Speaker 9: trains to Ukraine, flying in and out of Israel? You know, 558 00:30:16,680 --> 00:30:18,640 Speaker 9: what does this have to do with me? I'm having 559 00:30:18,680 --> 00:30:22,200 Speaker 9: trouble paying my marriage, all of these things. And so 560 00:30:22,560 --> 00:30:27,240 Speaker 9: from that perspective, it was a difficult task and he 561 00:30:27,360 --> 00:30:32,040 Speaker 9: did an okay job. Nothing against the president, but is 562 00:30:32,080 --> 00:30:35,680 Speaker 9: it going to change minds in the US? Probably not 563 00:30:36,200 --> 00:30:40,240 Speaker 9: when it pertains to funding of the level he's talking about. 564 00:30:40,280 --> 00:30:42,640 Speaker 9: So I understand why he's asking for one hundred billion. 565 00:30:42,720 --> 00:30:44,680 Speaker 9: He only needs. He can only do this once, given 566 00:30:44,720 --> 00:30:47,800 Speaker 9: the state of Congress and facing an election year. But 567 00:30:47,960 --> 00:30:50,400 Speaker 9: are you telling me that people sitting at home looked 568 00:30:50,400 --> 00:30:53,920 Speaker 9: at that and said, yeah, that's right. Probably not, And 569 00:30:53,960 --> 00:30:55,960 Speaker 9: that's the problem the president has. 570 00:30:57,080 --> 00:30:59,600 Speaker 3: I think it's interesting he convinced the Republican here more 571 00:30:59,640 --> 00:31:04,800 Speaker 3: than the Democrat. Rick. Does the Oval Office address have 572 00:31:04,920 --> 00:31:07,640 Speaker 3: the same weight or impact that it once had now 573 00:31:07,640 --> 00:31:10,280 Speaker 3: that we're not in a three network TV world anymore? 574 00:31:11,600 --> 00:31:14,840 Speaker 7: Yeah, I mean, you won't have had that many eyes 575 00:31:14,920 --> 00:31:21,280 Speaker 7: on it last night, but the social media aspect of it, 576 00:31:21,440 --> 00:31:25,800 Speaker 7: the chopping up of that speech and the complete saturation 577 00:31:26,640 --> 00:31:29,360 Speaker 7: of that speech around the world, is. 578 00:31:30,960 --> 00:31:32,200 Speaker 8: Going to have a big impact. 579 00:31:34,320 --> 00:31:37,840 Speaker 3: We've got something cooking on Capitol Hill that I've got 580 00:31:37,840 --> 00:31:41,680 Speaker 3: to bring the conversation back here, guys. This Republican conference 581 00:31:41,720 --> 00:31:45,880 Speaker 3: meeting that's underway right now is apparently going to generate 582 00:31:46,000 --> 00:31:50,680 Speaker 3: a vote on whether Jim Jordan, in fact, they're taking 583 00:31:50,720 --> 00:31:54,800 Speaker 3: this vote now, whether Jim Jordan will remain the Republican 584 00:31:54,880 --> 00:31:59,240 Speaker 3: nominee for speaker. If you're just catching up here, Jim 585 00:31:59,320 --> 00:32:02,120 Speaker 3: Jordan law a third round of voting today and lost 586 00:32:02,120 --> 00:32:05,240 Speaker 3: by the most he has yet. They then went behind 587 00:32:05,280 --> 00:32:08,560 Speaker 3: closed doors, and it looks like we're going to have 588 00:32:08,600 --> 00:32:12,680 Speaker 3: a sense here in the interim. Let's see if we 589 00:32:12,800 --> 00:32:16,080 Speaker 3: get the votes counted and whether the results are accepted, 590 00:32:16,760 --> 00:32:19,760 Speaker 3: where we may be without even a speaker designate. What 591 00:32:19,840 --> 00:32:23,480 Speaker 3: kind of strategy is this, Rick, They're eating their own now. 592 00:32:24,520 --> 00:32:28,000 Speaker 7: Yeah, this is phenomenal. If it weren't so important, it'd 593 00:32:28,000 --> 00:32:31,920 Speaker 7: be entertaining an upper down vote on Jim Jordan. I mean, 594 00:32:31,960 --> 00:32:34,080 Speaker 7: normally you would have somebody who would say, no, no, 595 00:32:34,120 --> 00:32:36,840 Speaker 7: I'll contest this, I'll be I want to be the 596 00:32:36,920 --> 00:32:39,440 Speaker 7: Republican nominee. But you don't even have anybody will stand 597 00:32:39,520 --> 00:32:41,640 Speaker 7: up and say, hey, I want the job. So an 598 00:32:41,680 --> 00:32:44,240 Speaker 7: upper down vote on Jordan will likely mean Jordan wins 599 00:32:44,280 --> 00:32:47,280 Speaker 7: that vote. I mean, it's awful hard to lose majority 600 00:32:47,360 --> 00:32:49,760 Speaker 7: vote when you've just gotten one hundred and ninety votes 601 00:32:49,760 --> 00:32:53,920 Speaker 7: on the floor. So the reality is that it's just 602 00:32:53,960 --> 00:32:57,840 Speaker 7: another way of toy spinning themselves up and hopefully I 603 00:32:57,880 --> 00:33:00,640 Speaker 7: guess the Jordan folks think that'll give them some momentum. 604 00:33:01,000 --> 00:33:02,640 Speaker 8: It makes no sense to me, Frankly. 605 00:33:04,440 --> 00:33:06,680 Speaker 3: We'll let you know, of course, what we learn out 606 00:33:06,680 --> 00:33:08,240 Speaker 3: of this. We're going to have to give us a minute. 607 00:33:08,240 --> 00:33:12,160 Speaker 3: But Genie, I don't know if if Jim Jordan is 608 00:33:12,200 --> 00:33:14,440 Speaker 3: not the speaker designated by the end of the day, 609 00:33:14,440 --> 00:33:17,680 Speaker 3: here are we moving closer to a Patrick McHenry speakership 610 00:33:17,760 --> 00:33:19,560 Speaker 3: or a Hockey and Jeffreys speakership. 611 00:33:20,560 --> 00:33:23,520 Speaker 9: You know, yesterday I thought maybe Patrick McHenry, but the 612 00:33:23,600 --> 00:33:26,960 Speaker 9: Republicans balked at that. I mean, this is the conference 613 00:33:27,000 --> 00:33:31,719 Speaker 9: that just can't accept a yes and to move forward. So, 614 00:33:31,840 --> 00:33:35,280 Speaker 9: you know, let's just also reflect on some of these 615 00:33:35,440 --> 00:33:39,600 Speaker 9: horrific voicemails that we have been hearing that Republicans who 616 00:33:39,680 --> 00:33:43,320 Speaker 9: voted against Jim Jordan have been getting and have been 617 00:33:43,400 --> 00:33:47,240 Speaker 9: releasing and their spouses and their families threatening them in 618 00:33:47,320 --> 00:33:51,520 Speaker 9: the worst language. And so this is where the conference is, 619 00:33:51,560 --> 00:33:54,160 Speaker 9: and we understand that. Kevin McCarthy was just asked if 620 00:33:54,200 --> 00:33:56,720 Speaker 9: it's a broken conference and he said, we're in a 621 00:33:56,760 --> 00:33:59,960 Speaker 9: bad position or a bad place. Well, that's the under 622 00:34:00,080 --> 00:34:03,280 Speaker 9: statement of the century. They are in a horrific place 623 00:34:03,560 --> 00:34:05,920 Speaker 9: and there doesn't seem to be anyone to lead them 624 00:34:05,960 --> 00:34:08,400 Speaker 9: out of it. And that is what we are seeing, 625 00:34:08,520 --> 00:34:11,760 Speaker 9: and what an embarrassment for the party, And to Rick's point, 626 00:34:12,120 --> 00:34:14,239 Speaker 9: it is a shame for us and the rest of 627 00:34:14,280 --> 00:34:17,000 Speaker 9: the world because they have important business to do, so 628 00:34:17,280 --> 00:34:20,360 Speaker 9: they've got to get behind somebody who can lead this conference. 629 00:34:21,320 --> 00:34:23,400 Speaker 3: I'm glad you mentioned it because the death threats, the 630 00:34:23,480 --> 00:34:26,279 Speaker 3: voicemails are horrifying and it might be the undoing of 631 00:34:26,360 --> 00:34:29,560 Speaker 3: Jim Jordan, if it hasn't already been. Never mind the 632 00:34:29,600 --> 00:34:32,600 Speaker 3: emails from Sean Hannity's producer, My god, you want to 633 00:34:32,640 --> 00:34:35,120 Speaker 3: talk about pressure, Rick and Jeanie with us as we 634 00:34:35,160 --> 00:34:36,960 Speaker 3: try to get to the bottom of this. It's happening 635 00:34:37,000 --> 00:34:39,320 Speaker 3: as we speak on the hill. This is Bloomberg. 636 00:34:41,600 --> 00:34:44,960 Speaker 1: You're listening to the Bloomberg Sound On podcast. Catch the 637 00:34:45,000 --> 00:34:48,880 Speaker 1: program live weekdays at one Eastern on Bloomberg Radio, the 638 00:34:48,960 --> 00:34:50,960 Speaker 1: tune in app, Bloomberg dot Com, and. 639 00:34:50,920 --> 00:34:52,280 Speaker 8: The Bloomberg Business App. 640 00:34:52,400 --> 00:34:55,279 Speaker 1: You can also listen live on Amazon Alexa from our 641 00:34:55,280 --> 00:35:00,120 Speaker 1: flagship New York station. Just say Alexa play Bloomberg eleven thirty. 642 00:35:01,600 --> 00:35:03,960 Speaker 3: Welcome to our two of Bloomberg Sound On. I'm Joe 643 00:35:03,960 --> 00:35:08,080 Speaker 3: Matthew alongside Kaylee Lines in Washington, where we have breaking news. 644 00:35:08,160 --> 00:35:10,000 Speaker 3: I've said that just about every time I've come near 645 00:35:10,040 --> 00:35:13,000 Speaker 3: a microphone today. Kaylee's just back from Capitol Hill. Thanks 646 00:35:13,080 --> 00:35:16,040 Speaker 3: for making time as always, because we've now got a 647 00:35:16,080 --> 00:35:18,560 Speaker 3: red headline on the terminal. It's not the first one 648 00:35:18,600 --> 00:35:22,080 Speaker 3: that we've seen today in the speaker's race, but Jim 649 00:35:22,160 --> 00:35:23,520 Speaker 3: Jordan is out. 650 00:35:24,120 --> 00:35:24,440 Speaker 11: Yeah. 651 00:35:24,960 --> 00:35:27,040 Speaker 12: Granted, when I was at the Capitol earlier. He had 652 00:35:27,239 --> 00:35:30,720 Speaker 12: just lost his third vote attempting to get the speakers Gattle. 653 00:35:30,800 --> 00:35:34,160 Speaker 12: Twenty five members of the Republican Conference voted against him. 654 00:35:34,200 --> 00:35:36,880 Speaker 12: They all went into a room did another secret ballot 655 00:35:37,120 --> 00:35:39,760 Speaker 12: to decide whether or not Jordan should remain the speaker 656 00:35:39,800 --> 00:35:43,360 Speaker 12: designate for the Republican Conference, and they decided no. The 657 00:35:43,400 --> 00:35:47,680 Speaker 12: margin Joe pretty large, one twelve to eighty six. 658 00:35:47,920 --> 00:35:51,440 Speaker 3: That's a pretty loud result, and there's clearly no path 659 00:35:51,480 --> 00:35:55,040 Speaker 3: for him. So everyone's going. 660 00:35:54,840 --> 00:35:56,880 Speaker 12: Home again, Yeah, until Monday. 661 00:35:57,000 --> 00:35:59,040 Speaker 3: That's a real headline too here right, all the members 662 00:35:59,040 --> 00:36:01,600 Speaker 3: were told. So everyone's in a national airport as we speak. 663 00:36:01,680 --> 00:36:05,040 Speaker 12: According to Congressman Marjorie Taylor Green of Georgia, they're going 664 00:36:05,080 --> 00:36:07,359 Speaker 12: to come back and at six thirty pm Monday night, 665 00:36:07,360 --> 00:36:10,200 Speaker 12: they're going to have another candidate for him to try 666 00:36:10,200 --> 00:36:13,600 Speaker 12: to pick someone else. So Kevin McCarthy's out. Steve Scalice 667 00:36:13,640 --> 00:36:15,600 Speaker 12: tried and failed, and now Jim Jordan has tried and 668 00:36:15,640 --> 00:36:18,120 Speaker 12: failed too. And we'll see what other names pop up 669 00:36:18,120 --> 00:36:18,720 Speaker 12: over the weekend. 670 00:36:18,840 --> 00:36:22,200 Speaker 3: Joe, this is like a game show. Now, this is survivor, yes, 671 00:36:23,440 --> 00:36:25,560 Speaker 3: and no one can get off the island. Lie no, 672 00:36:26,000 --> 00:36:29,080 Speaker 3: or maybe it's the opposite. We're Mike Rogers, Jody Errington, 673 00:36:29,320 --> 00:36:31,520 Speaker 3: what Kevin Hearn? Are we down to sort of the 674 00:36:31,680 --> 00:36:34,399 Speaker 3: third run? Now, well, that's a good point. Weeks ago 675 00:36:34,719 --> 00:36:37,320 Speaker 3: Emmer was seen as a real contender and he hasn't 676 00:36:37,320 --> 00:36:39,640 Speaker 3: gone near this thing because he's probably smarter than that. 677 00:36:40,840 --> 00:36:43,760 Speaker 3: There are others in the leadership. I suppose does Steve 678 00:36:43,800 --> 00:36:47,000 Speaker 3: Scalie come back around or Kevin is watching? 679 00:36:47,560 --> 00:36:50,680 Speaker 12: Well, yeah, there's the McCarthy question as well, and there's 680 00:36:50,760 --> 00:36:53,840 Speaker 12: that Mick. Then there's also the Mick Henry factors. I 681 00:36:54,000 --> 00:36:56,320 Speaker 12: have to consider a number of members that were speaking 682 00:36:56,320 --> 00:36:58,520 Speaker 12: to reporters on the steps of the Capitol earlier today, 683 00:36:58,560 --> 00:37:01,560 Speaker 12: when asked about that idea that Patrick mcchenry could see 684 00:37:01,560 --> 00:37:04,200 Speaker 12: his powers as pro tem expanded. A number of them 685 00:37:04,239 --> 00:37:06,759 Speaker 12: said he could just run for speaker, that that would 686 00:37:06,800 --> 00:37:11,719 Speaker 12: be the better path forward than expanding some feel as unconstitutional. 687 00:37:11,760 --> 00:37:13,000 Speaker 12: I don't know that he wanted the job. 688 00:37:14,480 --> 00:37:16,239 Speaker 3: Well, you know, maybe that might be just the way 689 00:37:16,280 --> 00:37:18,640 Speaker 3: to get the job the way things are going here. 690 00:37:19,200 --> 00:37:21,480 Speaker 3: But we'll keep you posted on this pretty remarkable day 691 00:37:21,480 --> 00:37:24,400 Speaker 3: in Washington again. Jim Jordan no longer in the running. 692 00:37:24,480 --> 00:37:27,440 Speaker 3: I suppose anything could happen, but I wouldn't hold your 693 00:37:27,440 --> 00:37:30,560 Speaker 3: breath today as lawmakers pack up the office, locked the door, 694 00:37:30,600 --> 00:37:34,000 Speaker 3: and head for the airport to go home. Now, this 695 00:37:34,080 --> 00:37:38,400 Speaker 3: has consequences, of course, Kayley, as we've discussed getting closer 696 00:37:38,400 --> 00:37:41,840 Speaker 3: to a November seventeen government shutdown. There's no kind of 697 00:37:41,880 --> 00:37:44,920 Speaker 3: real path here. But also the President spoke to Americans 698 00:37:44,920 --> 00:37:46,799 Speaker 3: from the Oval Office last evening to make the case 699 00:37:46,800 --> 00:37:50,440 Speaker 3: for a one hundred billion dollar supplemental budget request for Israel, 700 00:37:51,200 --> 00:37:55,400 Speaker 3: for Ukraine, Taiwan and border security here kind of a 701 00:37:55,520 --> 00:38:01,680 Speaker 3: national security package, as he put it, which is worth 702 00:38:01,719 --> 00:38:03,920 Speaker 3: nothing until there's a speaker. 703 00:38:03,840 --> 00:38:06,359 Speaker 12: Well exactly, it can't be acted on. And we were 704 00:38:06,400 --> 00:38:10,320 Speaker 12: speaking earlier with Congresswoman Nicole Mally talkas outside the Capitol, 705 00:38:10,600 --> 00:38:12,880 Speaker 12: and she said funding for Israel is really important, but 706 00:38:12,960 --> 00:38:15,160 Speaker 12: the longer the House goes on without a speaker, they 707 00:38:15,200 --> 00:38:19,680 Speaker 12: lose their leverage to try to address these funding questions separately, 708 00:38:19,719 --> 00:38:22,440 Speaker 12: specifically Ukraine, which we know is a huge problem for 709 00:38:22,600 --> 00:38:25,120 Speaker 12: House Republicans. But to your point, Joe, whether they're addressing 710 00:38:25,160 --> 00:38:27,879 Speaker 12: them separately or whether they are addressing them at all, 711 00:38:28,600 --> 00:38:29,359 Speaker 12: need a speaker of. 712 00:38:29,280 --> 00:38:31,120 Speaker 3: The House to do that. That's true, but we have 713 00:38:31,160 --> 00:38:32,879 Speaker 3: to talk about what's going on in the Middle East 714 00:38:32,920 --> 00:38:35,799 Speaker 3: today with headlines beyond funding, and it's important to talk 715 00:38:35,840 --> 00:38:38,520 Speaker 3: about this after an Oval Office address, only the second 716 00:38:38,520 --> 00:38:43,080 Speaker 3: one we've seen and heard from Joe Biden with news now. 717 00:38:43,160 --> 00:38:46,520 Speaker 3: As we just mentioned, Hamas says it's released two American hostages. 718 00:38:46,920 --> 00:38:49,040 Speaker 3: The White House is looking for some time here. They're 719 00:38:49,239 --> 00:38:52,040 Speaker 3: urging Israel to delay a ground invasion so more hostages 720 00:38:52,400 --> 00:38:54,480 Speaker 3: might be saved. And that's where we start our conversation 721 00:38:54,960 --> 00:38:58,680 Speaker 3: with General Ben Hodges, former Commanding General US Army Europe 722 00:38:58,719 --> 00:39:00,959 Speaker 3: back with us on Bloomberg. General, it's great to see 723 00:39:00,960 --> 00:39:03,120 Speaker 3: you and thanks for your patients. As we grind through 724 00:39:03,160 --> 00:39:05,280 Speaker 3: some breaking news here, we're getting it on both sides 725 00:39:05,680 --> 00:39:08,399 Speaker 3: of the Atlantic today. What's your thought on this ask 726 00:39:08,640 --> 00:39:10,759 Speaker 3: from the White House? Does it matter what the administration 727 00:39:10,920 --> 00:39:14,000 Speaker 3: says and is it possible for Israel to balance a 728 00:39:14,040 --> 00:39:16,600 Speaker 3: ground invasion along with the hostage rescue mission? 729 00:39:18,120 --> 00:39:21,200 Speaker 11: Well, I think it was important that the President last night, 730 00:39:22,120 --> 00:39:24,600 Speaker 11: first of all, spoke to the nation how important this 731 00:39:24,800 --> 00:39:28,200 Speaker 11: is and to explain why this matters to all of us. 732 00:39:28,560 --> 00:39:32,440 Speaker 11: But also I was impressed and glad to see him link. 733 00:39:33,680 --> 00:39:37,160 Speaker 11: What's happening in Ukraine to what's happening in Israel. These 734 00:39:37,200 --> 00:39:41,200 Speaker 11: are link I am sure because of the relationship between 735 00:39:41,520 --> 00:39:46,200 Speaker 11: Putin and Iran, those are the two closest allies. Russia 736 00:39:46,280 --> 00:39:50,239 Speaker 11: is benefiting from this Hamasa tack on Israel more than anybody. 737 00:39:50,480 --> 00:39:55,160 Speaker 11: It distracts attention, resources, energy away from Ukraine, which of 738 00:39:55,160 --> 00:39:58,960 Speaker 11: course is what the Kremlin needs. So the President, I 739 00:39:59,000 --> 00:40:02,440 Speaker 11: think correctly, has linked these things and talks about us 740 00:40:02,520 --> 00:40:05,440 Speaker 11: getting organized, working with allies. This is how we're going 741 00:40:05,480 --> 00:40:10,720 Speaker 11: to defeat Russia, defeat Hamas, deterred to Iran and also 742 00:40:10,880 --> 00:40:14,279 Speaker 11: to deter China from thinking that they could find opportunity 743 00:40:14,280 --> 00:40:17,359 Speaker 11: and all of this as well well. 744 00:40:17,400 --> 00:40:19,799 Speaker 12: And that's something we've repeatedly heard from the President and 745 00:40:19,840 --> 00:40:23,640 Speaker 12: others in his administration, like Secretaries Austin and Blinked In. Basically, 746 00:40:23,640 --> 00:40:27,600 Speaker 12: anyone trying to take advantage of this crisis, don't do it. 747 00:40:27,840 --> 00:40:31,160 Speaker 12: How great do you think the risk is of that happening? Though, 748 00:40:31,160 --> 00:40:33,760 Speaker 12: despite what the President says from the Oval Office, despite 749 00:40:33,800 --> 00:40:35,880 Speaker 12: requests he made. As Joe and I were just discussing, 750 00:40:35,880 --> 00:40:38,080 Speaker 12: it's going to be a while probably before Congress can 751 00:40:38,120 --> 00:40:40,480 Speaker 12: actually act on this, and we're seeing a lot of 752 00:40:40,480 --> 00:40:42,680 Speaker 12: division here at home that I'm sure they're paying attention 753 00:40:42,719 --> 00:40:43,560 Speaker 12: to internationally. 754 00:40:44,560 --> 00:40:49,040 Speaker 11: Well, Kaylie, you're right, our foreign policy depends a lot 755 00:40:49,120 --> 00:40:52,919 Speaker 11: on having strong domestic policy and being unified at home. 756 00:40:52,960 --> 00:40:55,000 Speaker 11: And so the President is doing what he should do, 757 00:40:55,120 --> 00:40:59,680 Speaker 11: which is to try and galvanize American support, congressional support 758 00:40:59,800 --> 00:41:03,799 Speaker 11: for or this these threats, all of which are against 759 00:41:04,000 --> 00:41:06,320 Speaker 11: all the stuff, all the things that we care about, 760 00:41:06,719 --> 00:41:10,879 Speaker 11: as well as for our allies. Now it is a 761 00:41:10,920 --> 00:41:14,839 Speaker 11: major problem not having a functioning House of Representatives right now. 762 00:41:15,120 --> 00:41:17,080 Speaker 11: This is a problem, and of course all of our 763 00:41:17,080 --> 00:41:20,240 Speaker 11: adversaries can see this. That's why they've been going after 764 00:41:21,320 --> 00:41:24,560 Speaker 11: our resilience as an American society for so long, to 765 00:41:24,719 --> 00:41:28,280 Speaker 11: cause us to lose trust and confidence in our institutions. 766 00:41:28,320 --> 00:41:31,120 Speaker 11: And so this chaos now in the House plays right 767 00:41:31,160 --> 00:41:35,279 Speaker 11: into that. But I also think it's useful to point 768 00:41:35,320 --> 00:41:37,279 Speaker 11: out that the Department of Offense has done what they 769 00:41:37,320 --> 00:41:39,880 Speaker 11: should have done, which is to put the two carrier 770 00:41:39,880 --> 00:41:42,840 Speaker 11: strike groups in the Eastern Mediterranean to do other things 771 00:41:43,640 --> 00:41:47,840 Speaker 11: to These are prudent steps to convey to Iran. Do 772 00:41:48,000 --> 00:41:50,319 Speaker 11: not make the terrible mistake of thinking that you could 773 00:41:50,440 --> 00:41:54,040 Speaker 11: escalate this because they'll play a big price. And this 774 00:41:54,120 --> 00:41:56,360 Speaker 11: is prudent planning by the Department of Defense. 775 00:41:58,560 --> 00:42:01,960 Speaker 3: You talked to us about the invasion at hand. General, 776 00:42:02,040 --> 00:42:04,799 Speaker 3: you have a better sense of this than most. The 777 00:42:04,880 --> 00:42:10,319 Speaker 3: longer time goes by allows Hamas to reinforce its positions, 778 00:42:10,560 --> 00:42:13,840 Speaker 3: hide things, create new tunnels. Is it getting more dangerous 779 00:42:13,880 --> 00:42:15,160 Speaker 3: by the day for the Israelis? 780 00:42:16,160 --> 00:42:19,320 Speaker 11: Yeah, for sure, there is a There is a pressure 781 00:42:19,480 --> 00:42:23,520 Speaker 11: on the Israeli leadership right now. With each passing day, 782 00:42:23,920 --> 00:42:27,480 Speaker 11: tunnels get a little bit deeper. The Hamas is able 783 00:42:27,560 --> 00:42:31,840 Speaker 11: to prepare, that's a part of it. But then a 784 00:42:32,000 --> 00:42:37,000 Speaker 11: forces pressure on the Israeli leadership because of the impact 785 00:42:37,040 --> 00:42:39,200 Speaker 11: on their economy. I mean to pull three hundred thoughts 786 00:42:39,239 --> 00:42:42,920 Speaker 11: to call up three hundred thousand reservists, that's three hundred 787 00:42:42,920 --> 00:42:46,120 Speaker 11: thousand people, most of whom are normally in the workforce somewhere. 788 00:42:46,160 --> 00:42:50,240 Speaker 11: So there's a there's a dynamic there, and there's also 789 00:42:50,280 --> 00:42:55,640 Speaker 11: a psychological pressure on these soldiers. I mean, you can 790 00:42:55,640 --> 00:42:58,480 Speaker 11: only stay in a crash for so long and so 791 00:42:59,120 --> 00:43:01,920 Speaker 11: at some point have to move forward, which is why 792 00:43:02,040 --> 00:43:04,160 Speaker 11: I think. I don't know this, but the fact that 793 00:43:04,239 --> 00:43:07,359 Speaker 11: two hostages were released today, Thank goodness for those two 794 00:43:07,480 --> 00:43:10,920 Speaker 11: and their families. But you can almost imagine how the 795 00:43:10,920 --> 00:43:16,160 Speaker 11: Hamas might look to trickle things out to delay if 796 00:43:16,800 --> 00:43:18,440 Speaker 11: we are all thinking that maybe if we wait a 797 00:43:18,480 --> 00:43:20,320 Speaker 11: little bit longer, we might get more hostages. 798 00:43:21,840 --> 00:43:24,440 Speaker 12: So do you think that is a mistake, general, for 799 00:43:24,960 --> 00:43:27,239 Speaker 12: that to be something that the US is pushing for. 800 00:43:29,360 --> 00:43:29,440 Speaker 9: No. 801 00:43:29,680 --> 00:43:32,719 Speaker 11: I mean, we have to get those hostages out, but 802 00:43:32,800 --> 00:43:36,520 Speaker 11: there is a point somewhere where you know these things 803 00:43:36,560 --> 00:43:39,360 Speaker 11: you have to find the right balance between are we 804 00:43:39,440 --> 00:43:41,920 Speaker 11: doing everything that we can to get hostages? I am 805 00:43:42,040 --> 00:43:45,120 Speaker 11: absolutely sure that we are and the Israelis will be 806 00:43:45,239 --> 00:43:48,280 Speaker 11: very effective at doing this, and there's probably all sorts 807 00:43:48,280 --> 00:43:52,880 Speaker 11: of pressures, some different directions trying to get hostages released. 808 00:43:53,600 --> 00:43:56,160 Speaker 11: But at the same time, these other pressures are there 809 00:43:56,840 --> 00:44:00,480 Speaker 11: as well, And so I think this is time for 810 00:44:00,560 --> 00:44:06,640 Speaker 11: some really strong, clear out assessment of what's going on. 811 00:44:06,920 --> 00:44:10,759 Speaker 11: Constantly weighing risks, and I think the Israeli as well 812 00:44:10,760 --> 00:44:13,520 Speaker 11: as with US and British and other leadership are weighing 813 00:44:14,160 --> 00:44:18,160 Speaker 11: all of these possibilities. Key will be making sure this 814 00:44:18,200 --> 00:44:22,040 Speaker 11: does not get that this does not escalate beyond Gazo. 815 00:44:23,680 --> 00:44:25,959 Speaker 3: General, I need to ask you about Ukraine as well. 816 00:44:26,000 --> 00:44:28,000 Speaker 3: That was a big chunk of the speech, and in 817 00:44:28,040 --> 00:44:30,520 Speaker 3: fact will be a much larger chunk of money than 818 00:44:30,680 --> 00:44:33,440 Speaker 3: Israel receives out of this one hundred billion dollar request. 819 00:44:33,840 --> 00:44:36,040 Speaker 3: One of the things that has not made headlines in 820 00:44:36,080 --> 00:44:37,840 Speaker 3: the crazy world that we've been dealing with in the 821 00:44:37,880 --> 00:44:41,279 Speaker 3: news cycle recently is the fact that the US quietly 822 00:44:41,320 --> 00:44:44,799 Speaker 3: delivered attack ems to Ukraine, something that we held on 823 00:44:45,160 --> 00:44:49,040 Speaker 3: held out on for some time, long range ballistic missiles. 824 00:44:49,760 --> 00:44:52,560 Speaker 3: Not only has their delivery been confirmed by the Ukrainians, 825 00:44:52,560 --> 00:44:55,480 Speaker 3: but they've already been used in the battlefield, President Zelenski 826 00:44:55,560 --> 00:44:59,680 Speaker 3: saying they were used against Russia and executed very accurately. 827 00:45:00,480 --> 00:45:04,320 Speaker 3: How important is that development? And with another sixty billion 828 00:45:04,360 --> 00:45:05,839 Speaker 3: dollars coming, what else do they get? 829 00:45:07,120 --> 00:45:13,040 Speaker 11: So the delivery of some attacks at last is important 830 00:45:13,120 --> 00:45:16,520 Speaker 11: because as you just described, Joe, that's a real capability. 831 00:45:16,520 --> 00:45:21,680 Speaker 11: The Ukrainians have destroyed, by different reports, probably somewhere close 832 00:45:21,760 --> 00:45:26,000 Speaker 11: to twenty Russian helicopters, as well as the maintenance facilities 833 00:45:26,000 --> 00:45:30,000 Speaker 11: for those helicopters. That is quite a blow That would 834 00:45:30,000 --> 00:45:33,600 Speaker 11: be damaging for US if we lost that much. Secondly, 835 00:45:33,840 --> 00:45:39,319 Speaker 11: the Russians are continuing this really meat grinder sort of 836 00:45:39,400 --> 00:45:42,600 Speaker 11: tactic attacking against Ukrainian defenses around on a place called 837 00:45:42,600 --> 00:45:47,560 Speaker 11: Avdika Avdifka, and they've lost over a thousand soldiers killed 838 00:45:47,640 --> 00:45:50,239 Speaker 11: every day for about the last seven days in a row. 839 00:45:50,800 --> 00:45:54,840 Speaker 11: So this is I don't see any bright lights on 840 00:45:54,880 --> 00:45:57,600 Speaker 11: the horizon for Russia. They will only continue doing what 841 00:45:57,640 --> 00:46:01,200 Speaker 11: they're doing. So the attackles that were provided, or the 842 00:46:01,239 --> 00:46:05,000 Speaker 11: type with the cluster munition, it's very effective against these 843 00:46:05,080 --> 00:46:08,560 Speaker 11: kinds of attacks. But I have to say, while I'm 844 00:46:08,560 --> 00:46:13,160 Speaker 11: glad that the US has finally delivered some attackings, the 845 00:46:13,200 --> 00:46:15,719 Speaker 11: main thing that's missing from the President's speech last night 846 00:46:15,760 --> 00:46:18,799 Speaker 11: was these still cannot say we want Ukraine to win. 847 00:46:19,280 --> 00:46:21,399 Speaker 11: If he says we want Ukraine to win, that it's 848 00:46:21,680 --> 00:46:24,960 Speaker 11: our interests that they win, not not just that they 849 00:46:25,000 --> 00:46:27,719 Speaker 11: avoid losing, but that they win, that they eject Russia 850 00:46:28,040 --> 00:46:31,399 Speaker 11: back to the nineteen ninety one borders, then you would 851 00:46:31,440 --> 00:46:33,640 Speaker 11: see all the other things that are needed that would 852 00:46:33,640 --> 00:46:36,360 Speaker 11: really make a difference. The attacks that have the range 853 00:46:36,360 --> 00:46:39,399 Speaker 11: of three hundred kilometers that could be used to make 854 00:46:39,560 --> 00:46:44,000 Speaker 11: crime untenable for Russian forces. That's what would really make 855 00:46:44,040 --> 00:46:44,600 Speaker 11: the difference. 856 00:46:45,840 --> 00:46:48,440 Speaker 3: And maybe those are coming if this money gets approved. 857 00:46:48,440 --> 00:46:51,120 Speaker 3: I don't know, General but there was of course a 858 00:46:51,120 --> 00:46:53,160 Speaker 3: big debate about whether they should get them at all. 859 00:46:53,480 --> 00:46:56,200 Speaker 3: Now they are there. The concern at that time, though, 860 00:46:56,200 --> 00:46:59,279 Speaker 3: when it was a debate, was moving this battle of 861 00:46:59,320 --> 00:47:01,879 Speaker 3: this war beyond the borders of Ukraine, that it would 862 00:47:01,920 --> 00:47:05,600 Speaker 3: give Ukraine the ability to strike within Russian territory. Is 863 00:47:05,640 --> 00:47:07,040 Speaker 3: that the only way to win this. 864 00:47:08,600 --> 00:47:12,480 Speaker 11: No, And to be honest, I think those were excuses 865 00:47:12,520 --> 00:47:14,880 Speaker 11: that the administration was used in because they did not 866 00:47:15,040 --> 00:47:20,280 Speaker 11: want to provide attackings, not because they were worried because 867 00:47:20,280 --> 00:47:23,040 Speaker 11: they might use them inside Russia, which of course maybe 868 00:47:23,520 --> 00:47:26,279 Speaker 11: Kiev would have done that, but because they are not 869 00:47:26,440 --> 00:47:31,160 Speaker 11: committed to Ukraine actually winning, to defeating Russia on the battlefield. 870 00:47:31,160 --> 00:47:33,480 Speaker 11: If they if they were committed, then there'd be no 871 00:47:33,560 --> 00:47:37,319 Speaker 11: question about providing the three hundred kilometer range attackings. We 872 00:47:37,320 --> 00:47:39,879 Speaker 11: would have started F sixteen training over a year ago. 873 00:47:39,960 --> 00:47:42,960 Speaker 11: There'd be no questions about how much fuel and abrams 874 00:47:42,320 --> 00:47:48,399 Speaker 11: tank burns. Those were all excuses Now the Ukrainians, by 875 00:47:48,440 --> 00:47:51,960 Speaker 11: the way, Ukrainians have said, hey, if there's a restriction 876 00:47:52,120 --> 00:47:55,960 Speaker 11: on US launching attackers into Russia in order to get them, 877 00:47:56,120 --> 00:47:59,920 Speaker 11: we won't. We won't do that. We've got enough targets. 878 00:48:00,000 --> 00:48:06,480 Speaker 11: The Ukrainians have enough targets inside Russian occupied Ukraine that 879 00:48:06,560 --> 00:48:10,040 Speaker 11: they don't have to launch attackers against targets inside of Russia. 880 00:48:10,440 --> 00:48:13,120 Speaker 11: The French and the British were satisfied this more than 881 00:48:13,160 --> 00:48:17,680 Speaker 11: two months ago. I don't understand why our administration continues 882 00:48:17,719 --> 00:48:22,400 Speaker 11: to hold back on delivering capability. We continue this incremental 883 00:48:22,920 --> 00:48:28,640 Speaker 11: drip drip of aid versus helping Ukraine win. That's the 884 00:48:28,719 --> 00:48:29,920 Speaker 11: quickest way to end this, boyt. 885 00:48:32,280 --> 00:48:34,120 Speaker 3: I only have a minute left, General, in fact a 886 00:48:34,120 --> 00:48:37,839 Speaker 3: little bit less. If I'm reading you right, then Ukrainians 887 00:48:37,920 --> 00:48:44,160 Speaker 3: need longer range attackers. Israeli's need replacement missiles for the 888 00:48:44,200 --> 00:48:46,800 Speaker 3: Iron Dome. Are those the two priorities for each. 889 00:48:47,239 --> 00:48:51,239 Speaker 11: I think those are very You've nailed it. Those would 890 00:48:51,239 --> 00:48:54,520 Speaker 11: be the two things I would say. The key is capability. 891 00:48:54,840 --> 00:48:58,160 Speaker 11: I try to stay away from specific platforms. I talk capability. 892 00:48:58,600 --> 00:49:02,200 Speaker 11: Ukraine needs the capability to make Crimea, the most important 893 00:49:02,239 --> 00:49:05,080 Speaker 11: part of this war, untenable for the Russian Black Sea 894 00:49:05,120 --> 00:49:08,440 Speaker 11: Fleet in the Russian Air Force. Israel needs the capability 895 00:49:08,440 --> 00:49:12,520 Speaker 11: to protect their populations from endless rocket attacks. 896 00:49:13,640 --> 00:49:17,800 Speaker 3: He speaks because he knows. General Ben Hodges, retired Lieutenant 897 00:49:17,800 --> 00:49:20,759 Speaker 3: General US Army former Commanding General US Army Europe. So 898 00:49:20,920 --> 00:49:23,359 Speaker 3: great to see you and welcome back. As always, thanks 899 00:49:23,360 --> 00:49:26,640 Speaker 3: for sharing your insights. I'm Joe Matthew in Washington. We've 900 00:49:26,680 --> 00:49:31,920 Speaker 3: got two new victims. Two people raise their hands for speaker. 901 00:49:31,960 --> 00:49:34,040 Speaker 3: We'll have it next. This is Bloomberg. 902 00:49:38,080 --> 00:49:41,440 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch the 903 00:49:41,480 --> 00:49:45,360 Speaker 1: program live weekdays at one Eastern on Bloomberg Radio, the 904 00:49:45,400 --> 00:49:47,600 Speaker 1: tune in app, Bloomberg dot Com. 905 00:49:47,280 --> 00:49:48,760 Speaker 8: And the Bloomberg Business App. 906 00:49:48,880 --> 00:49:51,719 Speaker 1: You can also listen live on Amazon Alexa from our 907 00:49:51,760 --> 00:49:56,240 Speaker 1: flagship New York station. Just say Alexa play Bloomberg eleven thirty. 908 00:49:57,600 --> 00:50:01,880 Speaker 3: All right, we have another and another, I said victim 909 00:50:02,320 --> 00:50:04,400 Speaker 3: a moment ago. Kaylee. I don't know if that was fair, 910 00:50:05,280 --> 00:50:09,120 Speaker 3: but at this point, if you're actually breaking into jail 911 00:50:09,640 --> 00:50:12,319 Speaker 3: and entering the race for Speaker of the House right 912 00:50:12,360 --> 00:50:15,360 Speaker 3: now as a Republican, you're in for some fun. 913 00:50:15,800 --> 00:50:19,040 Speaker 12: Yeah. It's I'm hard pressed to see why anyone really 914 00:50:19,040 --> 00:50:22,160 Speaker 12: wants the job when it's so hard to get and 915 00:50:22,239 --> 00:50:25,160 Speaker 12: clearly very hard to keep, as Kevin McCarthy will tell you. 916 00:50:25,560 --> 00:50:28,520 Speaker 12: And yet the fact of the matter is someone's got 917 00:50:28,560 --> 00:50:31,319 Speaker 12: to do it. For this House of Representatives and for 918 00:50:31,400 --> 00:50:33,960 Speaker 12: Congress as a whole to function and do the work 919 00:50:34,000 --> 00:50:36,640 Speaker 12: it needs to do, someone has to have the gabble. 920 00:50:36,800 --> 00:50:38,840 Speaker 12: So it's kind of like taking one for the team, 921 00:50:39,000 --> 00:50:41,080 Speaker 12: even if the team mostly is against you. 922 00:50:41,239 --> 00:50:44,200 Speaker 3: Kind of this is Kevin McCarthy. 923 00:50:48,160 --> 00:50:49,839 Speaker 2: We are in a very bad place right now. 924 00:50:49,920 --> 00:50:54,200 Speaker 3: Yet we're in a very bad place right now. So 925 00:50:54,600 --> 00:50:58,439 Speaker 3: enter Kevin Hearn. Yes, and who else is raising their hand? 926 00:50:58,520 --> 00:51:03,840 Speaker 12: Jack Bergman, the general Okay, Austin Scott, remember. 927 00:51:03,760 --> 00:51:05,040 Speaker 3: So we have three now? 928 00:51:05,719 --> 00:51:05,919 Speaker 10: Yes? 929 00:51:06,040 --> 00:51:06,279 Speaker 1: Wow? 930 00:51:06,640 --> 00:51:08,360 Speaker 12: And of course there had been a lot of buzz 931 00:51:08,440 --> 00:51:12,080 Speaker 12: even going into the boat today that Jody Errington the 932 00:51:12,120 --> 00:51:12,960 Speaker 12: Firm Texas. 933 00:51:13,280 --> 00:51:15,760 Speaker 3: So by the time this candidate's forum happens on Monday, 934 00:51:15,800 --> 00:51:18,040 Speaker 3: that's another thing we learned. We could have a whole 935 00:51:18,120 --> 00:51:20,920 Speaker 3: new stage full holy Republican debate. 936 00:51:21,440 --> 00:51:23,520 Speaker 12: And then I assume we'll go through everything we went 937 00:51:23,560 --> 00:51:25,880 Speaker 12: through the first two times around Joe where they do 938 00:51:26,000 --> 00:51:28,320 Speaker 12: the secret ballot, they try to figure out who was 939 00:51:28,400 --> 00:51:28,960 Speaker 12: the support. 940 00:51:29,480 --> 00:51:31,680 Speaker 3: Maybe they should bring Brett Baer put it on TV 941 00:51:31,840 --> 00:51:35,399 Speaker 3: this time, make people behave a little more. I didn't 942 00:51:35,400 --> 00:51:38,239 Speaker 3: think we'd be talking about this with Max Bacchus, the 943 00:51:38,280 --> 00:51:42,160 Speaker 3: former Senator former ambassador to China joins us now as 944 00:51:42,280 --> 00:51:45,840 Speaker 3: we do effort a conversation about geopolitics. But mister ambassador, 945 00:51:45,840 --> 00:51:47,799 Speaker 3: it's great to see you. Welcome back to Bloomberg. I 946 00:51:47,880 --> 00:51:50,400 Speaker 3: just I go back to two thousand and eight and 947 00:51:50,440 --> 00:51:54,680 Speaker 3: I remember the role that you played in negotiating around Obamacare, 948 00:51:55,640 --> 00:51:57,880 Speaker 3: which was the beginning of a lot around here. The 949 00:51:58,000 --> 00:52:01,360 Speaker 3: tea party, the political blow, the role that the internet 950 00:52:01,440 --> 00:52:04,920 Speaker 3: was playing, and it has gone nuclear ever since. Do 951 00:52:04,960 --> 00:52:07,840 Speaker 3: you recognize this Washington anymore? 952 00:52:09,320 --> 00:52:12,880 Speaker 8: Well, it's very different, no question about it, one Master Member. 953 00:52:12,920 --> 00:52:16,240 Speaker 8: There's a kind of unique quality to the House of Representatives. 954 00:52:16,840 --> 00:52:18,799 Speaker 8: I served in the House for two terms as well 955 00:52:18,840 --> 00:52:20,720 Speaker 8: as in the Senate. When I was in the House, 956 00:52:21,120 --> 00:52:24,279 Speaker 8: it just struck me that there are little bands of 957 00:52:24,360 --> 00:52:27,080 Speaker 8: groups that form in the House. That's not really a 958 00:52:27,120 --> 00:52:30,840 Speaker 8: collective majority party, but there's lots of small little bands 959 00:52:30,840 --> 00:52:34,160 Speaker 8: in groups. And that's I think that's partly because when 960 00:52:34,160 --> 00:52:37,920 Speaker 8: you're in the House, you really, for most districts, don't 961 00:52:37,920 --> 00:52:40,520 Speaker 8: have to compromise very much because you're in a safe district. 962 00:52:40,920 --> 00:52:43,239 Speaker 8: And that means that House members tend to be I 963 00:52:43,239 --> 00:52:46,000 Speaker 8: think a little bit nearrow minded. They don't have to 964 00:52:46,000 --> 00:52:49,440 Speaker 8: compromise very much, unlike senators, because when you're a senator, 965 00:52:49,560 --> 00:52:52,880 Speaker 8: generally your states so much larger, you have lots of 966 00:52:52,920 --> 00:52:55,799 Speaker 8: different interests to accommodate. Not so in the House. So 967 00:52:56,040 --> 00:52:59,840 Speaker 8: I'm not surprised to this phenomenon. But as some of 968 00:52:59,840 --> 00:53:02,719 Speaker 8: your commentators said, we're at a real bad place, and 969 00:53:02,920 --> 00:53:07,080 Speaker 8: I frankly think that the soul, the better soul of 970 00:53:07,120 --> 00:53:09,759 Speaker 8: the Republican Party is going to start to emerge and 971 00:53:09,760 --> 00:53:11,879 Speaker 8: they're going to find finally somebody is going to take 972 00:53:11,880 --> 00:53:15,200 Speaker 8: that job, as difficult as it is, as difficult as 973 00:53:15,239 --> 00:53:17,760 Speaker 8: to keep it well. 974 00:53:18,040 --> 00:53:20,680 Speaker 12: Ambassadors, Joe and I sit here talking about how this 975 00:53:20,719 --> 00:53:24,080 Speaker 12: feels like a reality TV show, maybe even a game show. 976 00:53:24,480 --> 00:53:27,320 Speaker 12: Doesn't even really feel like reality, if I'm being honest, 977 00:53:27,360 --> 00:53:30,000 Speaker 12: And that's how we're viewing it here in Washington, and 978 00:53:30,040 --> 00:53:32,400 Speaker 12: how I'm sure the constituents of the individuals may be 979 00:53:32,480 --> 00:53:34,880 Speaker 12: watching things too, But how do you think this is 980 00:53:34,960 --> 00:53:38,960 Speaker 12: viewed abroad, especially given the geopolitical challenges the world is 981 00:53:39,000 --> 00:53:41,239 Speaker 12: facing that we're going to speak with you about in 982 00:53:41,360 --> 00:53:43,960 Speaker 12: just a moment. Does this make the United States look weak? 983 00:53:45,239 --> 00:53:50,560 Speaker 8: It does, no question does. And then clearly companies like 984 00:53:50,640 --> 00:53:53,880 Speaker 8: China are going to play this up. It's good propaganda 985 00:53:53,920 --> 00:53:56,960 Speaker 8: for China. Frankly, the Chinese really do feel that they 986 00:53:57,160 --> 00:54:00,640 Speaker 8: have a superior former government than we the and I 987 00:54:00,680 --> 00:54:04,680 Speaker 8: was serving over there, Wang Deter, who is one of 988 00:54:04,800 --> 00:54:07,800 Speaker 8: the top people, would explain to me why they're superior. 989 00:54:07,840 --> 00:54:11,320 Speaker 8: Why are they superior because they have a former government 990 00:54:11,320 --> 00:54:13,800 Speaker 8: which allows them to make things happen very quickly pointing 991 00:54:13,800 --> 00:54:17,319 Speaker 8: out that the last forty years, had they been a democracy, 992 00:54:17,400 --> 00:54:19,600 Speaker 8: then they never would have grown as much as they 993 00:54:19,800 --> 00:54:21,960 Speaker 8: as they have. And second, they think they have a 994 00:54:22,080 --> 00:54:24,880 Speaker 8: much better process for choosing leaders that if their leaders 995 00:54:24,880 --> 00:54:28,319 Speaker 8: are per reviewed over time, someone bubbles up the top 996 00:54:28,360 --> 00:54:30,640 Speaker 8: and that's the person they select. And then he said 997 00:54:31,120 --> 00:54:33,799 Speaker 8: over there in your country, anybody could be president. So 998 00:54:33,880 --> 00:54:36,520 Speaker 8: they do feel superior, and then they're going to use 999 00:54:36,560 --> 00:54:40,320 Speaker 8: this This is a house failure to elect a speaker 1000 00:54:40,440 --> 00:54:43,640 Speaker 8: is example how dysfunctional America is, and it's going to 1001 00:54:43,719 --> 00:54:50,040 Speaker 8: really help that position themselves within the within Chinese people. 1002 00:54:51,320 --> 00:54:55,440 Speaker 3: I'm curious your thoughts following this visit by Vladimir Putin, 1003 00:54:55,480 --> 00:54:57,799 Speaker 3: who Joe Biden was talking about last night in his 1004 00:54:57,840 --> 00:55:02,239 Speaker 3: address to the American people with regard to Ukraine. But 1005 00:55:02,320 --> 00:55:05,439 Speaker 3: he had quite a meeting with his friend, his dear friend, 1006 00:55:05,800 --> 00:55:09,680 Speaker 3: as he called him, President She in Beijing. President She 1007 00:55:09,840 --> 00:55:12,719 Speaker 3: outlining his vision of a new world order as they 1008 00:55:12,800 --> 00:55:16,640 Speaker 3: spent time together, touting the benefits of Belton Road and 1009 00:55:17,360 --> 00:55:22,000 Speaker 3: the weakness of the West. This is the backdrop for 1010 00:55:22,120 --> 00:55:25,160 Speaker 3: the conversation that the President had with the country last night. 1011 00:55:25,200 --> 00:55:28,400 Speaker 3: How worried are you about these two getting ever closer? 1012 00:55:29,880 --> 00:55:36,200 Speaker 8: I'm quite concerned. Essentially, all countries will pursue their own 1013 00:55:36,760 --> 00:55:41,040 Speaker 8: national interests. We do as Americans, the Chinese do, and 1014 00:55:41,080 --> 00:55:45,160 Speaker 8: the Chinese are going to use their relationship with Russia 1015 00:55:45,760 --> 00:55:48,120 Speaker 8: as well as with Iran and some other countries to 1016 00:55:48,160 --> 00:55:50,440 Speaker 8: try to gain as much influence as they can in 1017 00:55:50,480 --> 00:55:54,600 Speaker 8: the world, and especially appeal to the South countries, that is, 1018 00:55:54,640 --> 00:55:58,760 Speaker 8: to the South Asian, to African and South American countries 1019 00:55:58,800 --> 00:56:02,120 Speaker 8: and developing countries. They do believe that they're the leader 1020 00:56:02,320 --> 00:56:05,000 Speaker 8: of developing countries as opposed to developed and they have 1021 00:56:05,040 --> 00:56:09,080 Speaker 8: a former government. It's going to help those countries progress 1022 00:56:09,200 --> 00:56:11,680 Speaker 8: much more quickly than if they were if they were, say, 1023 00:56:11,680 --> 00:56:15,719 Speaker 8: a Western democracy. So and add to that, unfortunately, is 1024 00:56:16,320 --> 00:56:21,560 Speaker 8: the tragedy unfolded in the Mid East. Because that that tragedy, 1025 00:56:21,600 --> 00:56:25,400 Speaker 8: combined with the visits of Putin to an example, to 1026 00:56:25,480 --> 00:56:29,920 Speaker 8: Russia as well as the Egyptian president recently to Russia 1027 00:56:30,040 --> 00:56:32,440 Speaker 8: to it to China, really is starting to cause the 1028 00:56:32,480 --> 00:56:36,200 Speaker 8: world tectonic place to shift a little bit. And we're 1029 00:56:36,200 --> 00:56:40,120 Speaker 8: approaching a kind of a real deep division on the 1030 00:56:40,160 --> 00:56:43,720 Speaker 8: one hand between the United States and Western allies leading 1031 00:56:43,760 --> 00:56:46,879 Speaker 8: the world beacon of hope and democracy. On the other hand, 1032 00:56:49,120 --> 00:56:52,480 Speaker 8: the group of countries led by China is appealing much 1033 00:56:52,520 --> 00:56:57,600 Speaker 8: more to the South countries, and it's very unfortunate. We're 1034 00:56:57,600 --> 00:56:59,960 Speaker 8: in a very difficult position. I don't know if we're 1035 00:57:00,080 --> 00:57:02,400 Speaker 8: a tipping point, but we're in a very difficult position 1036 00:57:02,440 --> 00:57:06,400 Speaker 8: in the world where US influence versus China's influence is 1037 00:57:06,440 --> 00:57:08,440 Speaker 8: going to be very important to see who's going to 1038 00:57:08,440 --> 00:57:09,120 Speaker 8: carry the day. 1039 00:57:10,600 --> 00:57:13,000 Speaker 12: And how influential is what happens in the Middle East 1040 00:57:13,280 --> 00:57:14,719 Speaker 12: to that Invessador. 1041 00:57:16,200 --> 00:57:22,280 Speaker 8: I think it's it's quite influential because China again appeals 1042 00:57:22,280 --> 00:57:25,400 Speaker 8: to the South countries, and the South countries have a 1043 00:57:25,520 --> 00:57:30,240 Speaker 8: very deep affinity to the Palestinians and other Arab countries. 1044 00:57:30,440 --> 00:57:32,520 Speaker 8: And let's not forget it's a bit of a change 1045 00:57:32,520 --> 00:57:35,480 Speaker 8: of subject here, but we are here in significant respect 1046 00:57:35,560 --> 00:57:38,520 Speaker 8: because of the decisions made by Western Powers at the end 1047 00:57:38,520 --> 00:57:41,360 Speaker 8: of World War One, at the breakup of the Ottoman Empire. 1048 00:57:41,760 --> 00:57:43,440 Speaker 8: At the end of World War one, when the Automan 1049 00:57:43,440 --> 00:57:45,360 Speaker 8: Empire is broke it up, there were no countries in 1050 00:57:45,560 --> 00:57:51,520 Speaker 8: Mid East like Jordan or Lebanon. Western Powers created those 1051 00:57:51,560 --> 00:57:55,120 Speaker 8: company countries and place them right in the middle of 1052 00:57:55,320 --> 00:57:59,120 Speaker 8: Arab Mid East and Palestinians and so and then put 1053 00:57:59,160 --> 00:58:02,960 Speaker 8: Israel in the Midia. So the tension has been building 1054 00:58:03,040 --> 00:58:05,880 Speaker 8: up in Mid East basically since the end of World 1055 00:58:05,880 --> 00:58:08,640 Speaker 8: War One, and it's just getting worse and worse. There's 1056 00:58:08,680 --> 00:58:13,400 Speaker 8: been no resolution between Israel and the Palestadians. Will there 1057 00:58:13,440 --> 00:58:17,080 Speaker 8: be a two state solution or not. President she is 1058 00:58:17,120 --> 00:58:19,760 Speaker 8: in China is advocated, but that's kind of still born. 1059 00:58:19,840 --> 00:58:21,920 Speaker 8: I think that's going to happen. We're in a mess. 1060 00:58:22,000 --> 00:58:24,400 Speaker 8: We're in a real mess. And add to that is 1061 00:58:24,440 --> 00:58:26,520 Speaker 8: the form of a war is going on in the 1062 00:58:26,520 --> 00:58:29,680 Speaker 8: House Republicans because they can't get their ACTI. 1063 00:58:31,640 --> 00:58:35,560 Speaker 3: Unbelievable. We're in a mess. This is something we all 1064 00:58:35,600 --> 00:58:39,640 Speaker 3: agree on at home and abroad. Max Bauchus, former Ambassador 1065 00:58:39,640 --> 00:58:41,800 Speaker 3: to China. Of course, former US Senator from the great 1066 00:58:41,840 --> 00:58:44,720 Speaker 3: state of Montana. It's good to see you, sir, and 1067 00:58:44,760 --> 00:58:47,320 Speaker 3: thanks for the insights. If you were with us on YouTube, 1068 00:58:47,320 --> 00:58:49,720 Speaker 3: and you can do that now by searching Bloomberg Global News, 1069 00:58:49,720 --> 00:58:52,120 Speaker 3: you would have seen the Max backdrop he had going there, 1070 00:58:52,160 --> 00:58:52,920 Speaker 3: which was excellent. 1071 00:58:52,960 --> 00:58:54,560 Speaker 8: I have to admit I liked it very much. 1072 00:58:54,720 --> 00:58:56,400 Speaker 12: I want a backdrop that just says. 1073 00:58:56,280 --> 00:59:00,000 Speaker 3: Kayley, that's right. This seems like the very not personalized 1074 00:59:00,200 --> 00:59:04,280 Speaker 3: situation here. We're going to work on that. If if 1075 00:59:04,320 --> 00:59:06,440 Speaker 3: you are just joining us, it's been an interesting day 1076 00:59:06,440 --> 00:59:09,600 Speaker 3: around here. Jim Jordan is no longer the speaker designate. 1077 00:59:10,440 --> 00:59:14,160 Speaker 3: Everybody's going home. As Kaylee has been reporting, we have 1078 00:59:14,640 --> 00:59:17,000 Speaker 3: three at least candidates now who are ready to jump 1079 00:59:17,000 --> 00:59:18,480 Speaker 3: in the pool. We're going to have a candidate's forum 1080 00:59:18,520 --> 00:59:22,600 Speaker 3: on Monday, uh speaker's vote presumably on Tuesday. 1081 00:59:22,840 --> 00:59:23,040 Speaker 7: Yeah. 1082 00:59:23,080 --> 00:59:24,880 Speaker 12: Patrick mccannery says, Tuesday. 1083 00:59:24,600 --> 00:59:27,520 Speaker 3: Is the Tuesday, so that puts us. 1084 00:59:27,520 --> 00:59:30,840 Speaker 12: Four days away. That will be three full. 1085 00:59:30,640 --> 00:59:31,360 Speaker 8: Weeks that we have. 1086 00:59:32,200 --> 00:59:32,640 Speaker 1: Wow. 1087 00:59:33,960 --> 00:59:36,280 Speaker 3: Thanks for listening to the Sound on podcast. Make sure 1088 00:59:36,280 --> 00:59:39,160 Speaker 3: to subscribe if you haven't already, at Apple, Spotify and 1089 00:59:39,240 --> 00:59:41,760 Speaker 3: anywhere else you get your podcasts, and you can find 1090 00:59:41,840 --> 00:59:44,920 Speaker 3: us live every weekday from Washington, DC at one pm 1091 00:59:44,960 --> 00:59:49,160 Speaker 3: Eastern Time at bloomberg dot Com