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Speaker 1: Live from the Iowa Caucus's time right now that we

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Speaker 1: bring this world together. We need a Democrat. He is

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Speaker 1: willing to get out in fight we were gonna win.

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Speaker 1: Is to bring everybody to our side in this fight.

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Speaker 1: This is Bloomberg Sound on. If you don't think we

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Speaker 1: can get this done? What we can? How are we

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Speaker 1: going to stand up for the people at the United

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Speaker 1: States together? Let's take back this country and lead the

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Speaker 1: world again. It's within our power to do it. Bloomberg

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Speaker 1: Sound on with Kevin's really Live from the Isle of

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Speaker 1: Caucuses on Bloomberg Radio Television and the Limbown Radio. And

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Speaker 1: we have every angle, cover the policy, the politics, and

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Speaker 1: a panel of political all stars truthfully. Here in our

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Speaker 1: bureau in downtown Des Moines. Adrian L. Rods here, a

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Speaker 1: Democratic strategist, former director of strategic communications for the Hillary

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Speaker 1: Clinton presidential campaign. Birthday boy Fred Hawker is in the house,

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Speaker 1: the former chairman of the Export Import Bank. Out with

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Speaker 1: the book. Everyone is talking about an economic circles from

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Speaker 1: the Wall Street Journal to the Financial Times. Trade is

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Speaker 1: not a four letter word. And Rick Davis, Bloomberg Politics

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Speaker 1: contributor and former campaign manager. So the late great Senator

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Speaker 1: John McCain of his two thousand and eight presidential campaign.

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Speaker 1: Lots to get through. Stacy Walker is going to call

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Speaker 1: in a Bernie Sanders advisor and Julian Castro as well.

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Speaker 1: But first let's get a check of the headlines from

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Speaker 1: my good friend, Nancy lions Nance. Thanks Kevin. President Trump's

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Speaker 1: lawyers took their final turn to persuade the Senate and

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Speaker 1: the voting public that the President has acted only in

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Speaker 1: the national interest, and they made an appeal for bipartisanship

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Speaker 1: regarding impeachment. Bloomberg's of Chapman reports from Capitol Hill. Nancy

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Speaker 1: the members of the House described the President's effort to

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Speaker 1: promote a Ukrainian investigation into the Bidens and withhold military

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Speaker 1: eight to press the matter. Representative Val Demming's the President

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Speaker 1: got caught and the scheme was exposed. In response, President

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Speaker 1: Trump ordered a massive cover up. Kenneth Starr said the

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Speaker 1: House had failed to prove a high crime or misdemeanor.

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Speaker 1: One so brave and so serious to tell the American

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Speaker 1: people your vote and the last election is hereby declared Noel.

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Speaker 1: The lawyers asserted, with the expectation that the Republican majority

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Speaker 1: will agree that President Trump acted within his authority in

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Speaker 1: foreign policy and in dealing appropriately with congressional investigators. Nancy

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Speaker 1: again Bloomberg's v Chapman. The Washington Post is now reporting

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Speaker 1: Senator Joe Manchin of West Virginia, moderate Democrat on friendly

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Speaker 1: terms with the White House, is asking his colleagues to

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Speaker 1: consider censuring President Trump. Plenty of unknowns as Iowa holds

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Speaker 1: its presidential caucuses tonight. The race has been fluid, with

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Speaker 1: no clear signs of a winner. Joe Biden, Bernie Sanders,

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Speaker 1: Elizabeth Warren, and Pete bludda judge, have all led at

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Speaker 1: different times in the last six months. Well, tonight maybe

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Speaker 1: all about the Iowa caucuses, But tomorrow is another election

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Speaker 1: day to fill the late Elijah Cummings House seat in

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Speaker 1: Maryland's seventh district. Twenty four Democrats and eight Republicans are

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Speaker 1: running in the special primary. They include Cummings widow Maya,

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Speaker 1: Rockymore Cummings, former Congressman quasi In Fume, and House of

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Speaker 1: Delegates Majority whib Talmudge Branch. The special general election for

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Speaker 1: the seat is on April. The Baltimore Sun reports registered

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Speaker 1: Democrats outnumber Republicans by more than four to one, so

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Speaker 1: the winner of tomorrow's primary is likely to be the

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Speaker 1: overall winner Steve Podas Bloomberg and one of five point

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Speaker 1: seven HD two. The Virginia Senate has blocked one of

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Speaker 1: Governor Ralph Northam's top gun control bills, making it another

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Speaker 1: measure that the Democratic governor supports that may not end

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Speaker 1: up passing the legislature. The Senate Judiciary Committee voted today

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Speaker 1: against a bill that would make it a felony to

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Speaker 1: recklessly leave a loaded, unsecured firearm in a way that

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Speaker 1: endangers a minor. The legislation is one of eight gun

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Speaker 1: measures governor has urged lawmakers to adopt. The National Park

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Speaker 1: Service says it has approved a plan to improve Buzzard

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Speaker 1: Point Park along the Anacostia Waterfront near NAT's Park. The

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Speaker 1: improvements include more open space and recreational opportunities, as well

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Speaker 1: as an accessible waterfront. The Matthew Henson Center will also

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Speaker 1: be repurposed into a community gathering place. It's time now

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Speaker 1: for the Bellway Business Report. Here is Bloomberg's Tracy Johnkie.

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Speaker 1: Investors who are placing bets of the Chinese economy will

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Speaker 1: be severely impacted long term by the ongoing coronavirus care,

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Speaker 1: but that the US economy may not even after mainland

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Speaker 1: China's main stock and VEX fell amos eight percent at

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Speaker 1: Wall Street, hartially bounced back from a rough Friday dows

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Speaker 1: up a hundred forty four points at twenty eight thousand,

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Speaker 1: four hundred, a gain of half a percent. The nat

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Speaker 1: deck up one and three quarters percent a hundred twenty

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Speaker 1: two points at seventy three, the SMP up twenty three

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Speaker 1: points at thirty two forty nine. Another rebound was in

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Speaker 1: US many of acturing. In January, the Institute for Supply

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Speaker 1: Management reports a return to growth after a slump in

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Speaker 1: the last half of last year. That's thanks to substantial

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Speaker 1: growth in new orders and production. Like the overall index

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Speaker 1: jumped the most in six years. A founder of Planets

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Speaker 1: Hollywood is now serving chicken wings in Baltimore and the districts,

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Speaker 1: but we can't go to the restaurants. Wing Squad from

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Speaker 1: Robert Earl is a delivery only business which opened last

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Speaker 1: Friday in fifteen other cities as well. Some of Earl's

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Speaker 1: other virtual restaurants served pot pies and vegan burghers. Up

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Speaker 1: to date on business from the Beltway to Baltimore. I'm

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Speaker 1: Tracy john Kie. This is Bloomberg and one or five

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Speaker 1: point seven f M HD two. Thanks Tracy. Global News

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Speaker 1: twenty four hours a day on air and on Quicktake

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Speaker 1: by Bloomberg, powered by more than twenty seven hundred journalists

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Speaker 1: and analyst and more than a hundred twenty countries. I'm

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Speaker 1: Nancy Lions. Back to you, Kevin in Des Moines. Thank you, Nancy.

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Speaker 1: I'm Kevin's really cheap Washington correspondent for Bloomberg Television and Radio.

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Speaker 1: It is freezing cold, folks in Des Moines, Iowa. It's

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Speaker 1: like below thirty degrees. But it is caucus night and

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Speaker 1: the weather is clear, which means there could be some

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Speaker 1: good turnout here to go through it all as the

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Speaker 1: caucus are set to open and just under two hours

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Speaker 1: Adrian L. Rod, Fred Hagberg, and Rick Davis. Adrian, I

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Speaker 1: just want to open it up because when you have

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Speaker 1: three political insiders, like all each of the three of you,

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Speaker 1: I mean, I don't really have to do much work

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Speaker 1: right now. So what's gonna happen? Adrian? Exactly's personal. Let's

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Speaker 1: not get personal, alright, Go ahead, Adrian, So look, I

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Speaker 1: think those of us on the ground. I've been here

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Speaker 1: for a couple of days. I think it is pretty

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Speaker 1: much a given I don't want to say given fact,

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Speaker 1: but the momentum is on Bernie Sanders side, and people

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Speaker 1: do believe that he's got a significant edge in terms

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Speaker 1: of winning the caucus tonight, second, third, fourth place. Who

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Speaker 1: knows right? I think it comes down between Elizabeth Warren,

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Speaker 1: Pete but A judge, and Joe Biden's campaign. Elizabeth Warren,

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Speaker 1: as we've talked about for a long time, has had

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Speaker 1: a ground game years since before she even decided to

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Speaker 1: run for the presidency. She had a ground game in

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Speaker 1: twenty eighteen for the congressional races. So she's got a

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Speaker 1: significant advantage organizationally on the ground. Um. You know, Joe

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Speaker 1: Biden's got the national polls, He's got the name, I

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Speaker 1: d um are his people are going to turn out

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Speaker 1: in the areas that he needs to turn out to.

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Speaker 1: I mean he his campaign is admitted that they don't

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Speaker 1: quite have the ground game, the sophistication to some of

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Speaker 1: these other campaigns. Um, you know that are in the

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Speaker 1: top four. And then of course you've got Pete Bota judge.

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Speaker 1: You see a lot of support around here. Um, I

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Speaker 1: certainly don't want to get in the way of him

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Speaker 1: because we've got one of his biggest supporters to my

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Speaker 1: left here. Um. But but I but I think, look here,

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Speaker 1: here's the bottom line. I think most importantly, Joe Biden

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Speaker 1: needs the top three finish. I think that's what everyone's

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Speaker 1: looking to see tonight. Does he have a top three?

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Speaker 1: If not, if he finishes fourth, how does that impact

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Speaker 1: is race going forward? That's what we're all going to

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Speaker 1: be looking for. And you know, elections are about the future.

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Speaker 1: I actually I went to the Pete Bote and the

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Speaker 1: Joe Biden rally yesterday. I don't think, yeah exactly, and

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Speaker 1: I wanted to sort of see and the thing I

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Speaker 1: thought about Joe Biden, and I met a lot of

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Speaker 1: people out here. I did some door lockey this morning

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Speaker 1: to just to sort of get a sense of it.

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Speaker 1: You know, it's always talking about going back and restoring

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Speaker 1: and elections are about the future. So, um, I know

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Speaker 1: that's where he's coming from. But I think that that

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Speaker 1: presents a problem for him. Yeah, Fred, I think you're

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Speaker 1: right about what they want the elections to be about

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Speaker 1: the future. But look who we nominate. You know, we

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Speaker 1: we nominate the past almost every time. You know, the

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Speaker 1: average age of the nominees have been over seventy for

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Speaker 1: the last you know, three presidential elections. I want to

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Speaker 1: say that one more time. The average age of the

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Speaker 1: nominee for the last three presidential elections has been over seventy. Wow.

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Speaker 1: And so like, when you think about the trend, uh,

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Speaker 1: you you're, you're, you're the hot people, right, who brings

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Speaker 1: them out on their seats, who gets him out on

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Speaker 1: a coal winter night, tends to be the exciting younger people.

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Speaker 1: I mean, Barack Obama was the change candidate. You know,

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Speaker 1: he was actually young for a presidential candidate. And yet

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Speaker 1: tonight look at who's running the tables. I mean, Bernie

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Speaker 1: the oldest Canada ever to run for president. Vick Rick

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Speaker 1: Davis is here. Rick Davis is here here, of course,

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Speaker 1: is a Republican insider, previous campaign manager to Senator John

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Speaker 1: mckids o. A campaign Rick desire A matter for Democrats.

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Speaker 1: I mean, truthfully, here's the state that Trump carried by

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Speaker 1: ten percentage points in the last election. Does it really

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Speaker 1: matter for Democrats anymore? You know, it probably shouldn't. Uh,

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Speaker 1: you know, when you ask democrats here, we spent a

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Speaker 1: lot of time this weekend talking to him. Uh they say, oh, yeah,

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Speaker 1: you know, I was gonna be a targeted state in

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Speaker 1: a general election, and you kind of laugh because they

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Speaker 1: weren't anywhere near it. And when you look at you know,

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Speaker 1: the potential nominees, uh, they're not really ready made. I mean,

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Speaker 1: Bernie Sanders is not someone who's likely to be able

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Speaker 1: to pull out the rural vote, uh, you know, to

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Speaker 1: challenge Trump in the Mississippi Valley. Bud is not really

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Speaker 1: ready And and Biden, I mean, you know, he's having

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Speaker 1: trouble competing in a in a caucus nevertheless a general

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Speaker 1: election here. Yeah, and Rick raises a good point. I mean,

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Speaker 1: and I also think when you look at his storically

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Speaker 1: for Democrats, it does matter a lot here, especially when

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Speaker 1: you've got a large primary race right now, when you

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Speaker 1: know we're sort of seeing you know, Joe Biden and

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Speaker 1: and Bernie Sanders are arguably the front runners sort of

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Speaker 1: you know, duking it out depending on which poll you

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Speaker 1: look at. But the way the rate the race to

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Speaker 1: a lot of people are still pretty wide open for Republicans.

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Speaker 1: They don't traditionally like you know, Mike could be one

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Speaker 1: Iowa at Ricks santorm One Iowa, Like they don't always

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Speaker 1: go on to be the nominee, but in the Democratic

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Speaker 1: Party it does matter. They always get to be the nominee.

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Speaker 1: So this is very important. This is also very important.

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Speaker 1: I feel like what I'm about to say sounds very

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Speaker 1: cliche because we've been talking about it a lot over

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Speaker 1: the last three from rad But if Bernie Sanders wins tonight,

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Speaker 1: there's a good chance, regardless of his performance tonight, that

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Speaker 1: he wins New Hampshire. If he goes if he wins Iowa,

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Speaker 1: New Hampshire goes into Nevada with a win, which he

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Speaker 1: should because the Latin X voters are very much in

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Speaker 1: his corner. Um he's gonna be very very very hard

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Speaker 1: to section. So I mean, we're two outs under two

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Speaker 1: hours out from the start of the Iowa caucus, And

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Speaker 1: make sure you tune into Bloomberg Television Radio all night

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Speaker 1: because we're gonna have special coverage with Rick and of

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Speaker 1: course led by d David Weston, who will be following

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Speaker 1: all of that for us. But Fred, I mean, should

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Speaker 1: Bernie not win tonight, I mean, it's it's it will

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Speaker 1: be deemed a failure. But if Biden were to win tonight,

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Speaker 1: then he would be exceeding expectations. Right, We all know

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Speaker 1: it's all about expectations, and I had none in my life.

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Speaker 1: Just to take your as caucus as cause the caucus

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Speaker 1: scar you know, it's very stoic, very daily stoic. I

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Speaker 1: don't have expectation, expectations, and then you can't be unhappy

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Speaker 1: if you don't have expectations. Go ahead, Fred I interrupted

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Speaker 1: the birthday on the birthday and the thing, I'm just

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Speaker 1: going back to Rick, and then you sort of dismissed

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Speaker 1: Pete with a like he's not ready. You know what

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Speaker 1: prepared me? All right? Good, I'm just the host. You

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Speaker 1: know what prepares someone to be president United States? There

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Speaker 1: are very few jobs, you know, a mayor, a governor, senator,

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Speaker 1: you know they they've not there's not been the automatic

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Speaker 1: path forward. So um, certainly not the last one, you know.

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Speaker 1: So I mean, we're gonna we're gonna, you know, we're

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Speaker 1: gonna see how this turns out. Who did Judge go

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Speaker 1: to New Hampshire if he's fourth placed, Well, he certainly

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Speaker 1: how the funds to go to New Hampshire And it

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Speaker 1: all depends on what where he falls falls. How how

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Speaker 1: is it a near fourth? You know, is he almost

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Speaker 1: neck and neck? You know what, he may do a

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Speaker 1: lot better. I mean, the expectations seemed to be from

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Speaker 1: the national media not high on Pete, you know, just

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Speaker 1: speaking for someone who's done a bunch of political work

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Speaker 1: and io over the years. You know, we always had

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Speaker 1: the slogan in in our sort of caucus efforts in

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Speaker 1: in here that forget the polls, follow your eyes, believe

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Speaker 1: what you see, and and when you look at who's

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Speaker 1: got the energy and who's pulling the big crowds. I mean,

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Speaker 1: Bud has had two thousand people last yesterday afternoon before

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Speaker 1: the super Bowl at an event. Well, first of all,

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Speaker 1: getting anybody to go somewhere before super Bowl, especially when

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Speaker 1: basically the hometown team is running, it is hard to do.

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Speaker 1: I was at that rally and there was something else

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Speaker 1: that I noticed there when I was talking to voters Hispanics.

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Speaker 1: Buddha Judge has been able to unite Hispanics ass Bernie

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Speaker 1: Standards coming up much more from our panel of political

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Speaker 1: all stars, Adrian Elrod, Fred Hawkberg check out his new

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Speaker 1: book Trade is Not a four letter word. And Rick Davis, uh,

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Speaker 1: and we're gonna check in with the Bernie Sanders campaign

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Speaker 1: and Julian Castro, who has endorsed Elizabeth Warren. I'm Kevin Sirelli.

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Speaker 1: Download the Bloomberg Sound On podcast on Apple iTunes, at

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Speaker 1: Bloomberg dot com, or by downloading the Bloomberg Business App.

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Speaker 1: You can also find me on Radio dot com, I

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Speaker 1: Heart Radio, and Spotify. I'm talking to Don Jr. Next hour.

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Speaker 1: You don't want to miss that. You're listening to Bloomberg.

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Speaker 1: This is Sound On with Kevin so really live from

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Speaker 1: the Iowa Caucuses on Bloomberg Radio. So my mind, this

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Speaker 1: election is about two fundamental issues. First, it is absolutely

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Speaker 1: the imperative for the future of this country that we

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Speaker 1: defeat the most dangerous president in the modern history. That

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Speaker 1: was Bernie Sanders speaking here in Iowa at a presidential

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Speaker 1: campaign rally. Joining us on the telephone line, Stacy Walker,

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Speaker 1: Lynn County supervisor and Bernie Sanders Iowa state campaign co chair. Stacy,

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Speaker 1: It's great to be here. I'm at the Downtown Marriott

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Speaker 1: here in Iowa as well. All right, before before we

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Speaker 1: get to the burning part of it, I just want

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Speaker 1: to inform our audience, how does this thing work? What's

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Speaker 1: going to happen at seven o'clock tonight local. Well, first off, Kevin,

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Speaker 1: thank you for having me um at the IRA CAUCUSUS

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Speaker 1: folks who are in line before seven, uh, and I

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Speaker 1: think there's some one thousand six precinct locations across the

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Speaker 1: state are going to enter into the room. They are

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Speaker 1: going to get registered and will be asked to basically

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Speaker 1: go to the corner of the candidate there supporting, and

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Speaker 1: if that candidate receives of the people there, they will

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Speaker 1: be viable. And the folks who don't receive fifteen percent

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Speaker 1: of that population will have the opportunity to realign. So

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Speaker 1: then how long does it go on for? And I

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Speaker 1: find this fascinating for so many reasons, chief among them

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Speaker 1: is that it's not a close ballot. Where I grew up,

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Speaker 1: I'm not sure people would want to know who everybody's

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Speaker 1: voting for. But you see your neighbor and you know

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Speaker 1: exactly literally where they stand. But how many rounds does

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Speaker 1: this go on for? Stays Well, you know, I think

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Speaker 1: it really depends on the size of the caucus. Um. Really,

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Speaker 1: you might have some precincts where you know, only a

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Speaker 1: handful of people show up, so those things can kind

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Speaker 1: of be decided relatively quickly. I'm not sure how many

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Speaker 1: rounds the caucuses are allowed to last, but I've seen

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Speaker 1: caucuses in the past go through a couple of phases

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Speaker 1: of realignment before it is clear who the winner of

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Speaker 1: that case. All right, I'm hearing from our panel here

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Speaker 1: that they say it's two rounds. That Adrian l d

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Speaker 1: Democratic tracts. They're saying two rounds. I do want to

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Speaker 1: know that. I when I read up on this, some

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Speaker 1: counties and some precincts actually have different rules. So I

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Speaker 1: don't want to pay the monopoly. But they are allowed

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Speaker 1: to have different rules for each one. Yes, but I

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Speaker 1: think the rounds are still limited the two different rules.

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Speaker 1: The threshold is the different rules. Yes, the threshold depending

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Speaker 1: on how many people across the board. But in some cases,

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Speaker 1: if they're not enough, people could be higher. But see

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Speaker 1: even this conversation with Adrian, with Fred and with Stacy Walker,

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Speaker 1: who's of course the Linn County supervisor, and Bernie Sanders,

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Speaker 1: Iowa state campaign coach. Here. It's fascinating because for folks

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Speaker 1: outside of the Hawkeye state, it's so interesting. All right,

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Speaker 1: stays a lot of momentum with the Bernie Sanders, Why

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Speaker 1: is he gonna win tonight? What? What? What? What's driving it?

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Speaker 1: And so let me let me start off by saying this,

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Speaker 1: we we do expect the Senator to be successful, but

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Speaker 1: we also know that this is a very very tight race.

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Speaker 1: I mean, if you're looking at some of the latest

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Speaker 1: polls that kind of shows essentially a dead heat, and

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Speaker 1: some of the some of the polls that I've seen,

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Speaker 1: and we know that there's probably three to four candidates

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Speaker 1: that are going to be viable in most of the

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Speaker 1: precincts across the state. But what sets the Sanders campaign

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Speaker 1: apart is that the state director here Mr. Reebok and

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Speaker 1: the field director Michael Phillo Dave organized a ground game

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Speaker 1: unlike any that I've ever seen in the history of

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Speaker 1: modern American politics. Here, um, we have ordinary canvas launch

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Speaker 1: events where hundreds of people are showing up to knock doors.

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Speaker 1: And I've been traveling all across the state and no

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Speaker 1: matter what count I'm in, what city I'm in, you

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Speaker 1: always see two or three people out on the streets

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Speaker 1: with a clipboard and a Bernie Sanders button on their shirt.

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Speaker 1: So this campaign has been able to be everywhere, and

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Speaker 1: the key to winning caucuses is having your people turn out,

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Speaker 1: show up and commit to your team. And I think

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Speaker 1: we're going to do that all right. Stacy Walker, Linn

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Speaker 1: County supervisor and Bernie Sanders uh a state campaign coach.

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Speaker 1: You haven't so generous with your time, Stace, and I

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Speaker 1: know you've got to get to a caucus site, so

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Speaker 1: I'm gonna let you go. Thanks for calling in that

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Speaker 1: with Stacy Walker. Everybody, the Iowa state campaign co chair,

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Speaker 1: the guy here in Iowa, the Hawkeye state for Sanders campaign, Adrian.

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Speaker 1: You just listen to that. Go. Yeah. Look, I mean,

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Speaker 1: I think he's exactly right. The momentum is on the

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Speaker 1: side of Bernie Sanders. I mean, I even my hotel,

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Speaker 1: I'm seeing a lot of people who are clearly in

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Speaker 1: from out of town who are here to support Bernie. Um.

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Speaker 1: He's got a lot of energy and momentum on his side. Um.

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Speaker 1: But here's the thing that I think we've got to

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Speaker 1: keep in perspective. And I realized that we're here to

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Speaker 1: talk about Iowa, but we've got to keep in mind

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Speaker 1: there are forty one delegates Kevin that are awarded tonight

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Speaker 1: out of the entire caucus process, which includes over thirty

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Speaker 1: two hundred delegates, right, because this is so important, and

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Speaker 1: now we're getting in the weeds with this segment, and

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Speaker 1: that's what I wanted to do here. We now know

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Speaker 1: how the caucus works with the thresholds and the and

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Speaker 1: the rounds. Now we're gonna talk delegates. Forty one delegates

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Speaker 1: total out of thirty two hundred nationwide. Correct, correct, exactly.

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Speaker 1: So after the first four states vote Iowa, New Hampshire, Nevada,

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Speaker 1: South Carolina, five percent Kevin of the total delegates awarded

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Speaker 1: in the Democratic primary, awarded after after Super Tuesday, After

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Speaker 1: Super Tuesday, that never hits, right, So this is very

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Speaker 1: important in terms of momentum, in terms of we talked

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Speaker 1: about if Joe Biden doesn't get in the top three,

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Speaker 1: I think it's very hard for him to raise money

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Speaker 1: going forward. So it does matter for a lot of

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Speaker 1: different It matters differently to each candidate, right, But we

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Speaker 1: still have to keep on perspective. It's forty one delegates

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Speaker 1: that we're talking about here, which is just the delegates total,

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Speaker 1: But it creates momentum, and I think people do see

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Speaker 1: still may to BC after today that Iowa voters really

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Speaker 1: get up front and personal view of everyone in these

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Speaker 1: amen because when I was at those rallies over the weekend, Wow,

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Speaker 1: I mean, that's what people just don't talk about. A luxury.

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Speaker 1: If you're a political junkie in Iowa, you get to

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Speaker 1: shake hands and meet with every single candidate and there's

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Speaker 1: a lot of them. And I find that fascinating. You know,

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Speaker 1: I else to think it matters, and I think both

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Speaker 1: of you would agree with me for this. It's really

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Speaker 1: good training for these staffers. It's really good training for

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Speaker 1: their campaign teams because they can replicate this. Not just

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Speaker 1: and I want to this is what I learned from

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Speaker 1: last Secle, which was my first campaign when I was

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Speaker 1: in better at the Trump campaign, not just for Super

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Speaker 1: Tuesday and organizing and getting out the vote, but for

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Speaker 1: when you're meeting with world leaders and you're sleep deprived

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Speaker 1: and you're having to go to eight million states it

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Speaker 1: feels like and you don't know which hotel you're waking up,

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Speaker 1: and when you have to do that in the White House,

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Speaker 1: that's it's also training for that. No, absolutely it's And

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Speaker 1: it's into your point about training for the staff going forward.

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Speaker 1: It's very important. Now we also got to keep in

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Speaker 1: mind Kevin and Fred obviously knows this very well too.

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Speaker 1: Bernie does very very well in caucus stays because number one,

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Speaker 1: it does take a lot of organization. Number two, young

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Speaker 1: people are more apt to stay at a caucus, right

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Speaker 1: Like if this day it's some of the caucuses go

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Speaker 1: until ten eleven o'clock at night. You know, the odds

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Speaker 1: are the younger people are going to be there at fascinating,

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Speaker 1: you know. And I like to go to bed early. Alright,

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Speaker 1: A jan stays, spread stays coming up. We're checking in

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Speaker 1: with Elizabeth Warrence campaign stop staffer on that front. Download

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Speaker 1: the Boomberg's song on podcast on Apple lot Tunes, at

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Speaker 1: Bloomberg dot com or by downloading the Bloomberg Business app.

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Speaker 1: You can find me on radio dot com, I Heart

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Speaker 1: Radio and Spotify. Kevin Serelli, you're listening to Bloomberg. You're

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Speaker 1: listening to Sound On with Kevin's Really Live from the

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Speaker 1: Iowa Caucus is on Bloomberg Radio. I'm not gonna talk

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Speaker 1: on all the rubber coops kicking with things that aren't true,

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Speaker 1: and That's what I'm not gonna do. We can't do that.

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Speaker 1: I'm Kevin Curreli, Chief Washington Correspondent, for Bloomberg Television and

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Speaker 1: Bloomberg Radio. That was Joe Biden speaking yesterday here in

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Speaker 1: Des Moines where I am because in just under ninety minutes,

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Speaker 1: the Hawkeye State, the Iowa caucus goers. That's Fred Hawkford,

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Speaker 1: the birthday boy Fred Ackford here giving Kevin a hard

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Speaker 1: time about this Hawkeye State. We're gonna get to that

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Speaker 1: in a second. Let me introduce the other panelsts. I

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Speaker 1: don't want to I don't want to overshadow anyone. Adrian L.

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Speaker 1: Rod and of course Rick Davis. Adrian el Rod is

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Speaker 1: a Clinton insider, Democratic insider, you know, all around all

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Speaker 1: star and a country music fan I am, which is

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Speaker 1: great because they have a whole back in d C.

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Speaker 1: They don't play a lot of country anyway. Rick Davis

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Speaker 1: is here, he was the campaign manager for John McCain

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Speaker 1: and oh eight and is with his college. Who's your colleague,

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Speaker 1: John John Seaton sitting behind him as Republican from Iowa

427
00:22:49,680 --> 00:22:53,560
Speaker 1: who literally led McCain's Iowa operation here and I said,

428
00:22:53,600 --> 00:22:55,520
Speaker 1: you still have the book? He goes, absolutely, I still

429
00:22:55,520 --> 00:22:57,640
Speaker 1: have the book. So maybe we'll maybe I'll be interviewing

430
00:22:57,640 --> 00:22:59,560
Speaker 1: you in like four years for the Republicans. Fred Why

431
00:22:59,600 --> 00:23:01,720
Speaker 1: do you have to thing about Hawkeye State? You don't

432
00:23:01,760 --> 00:23:05,119
Speaker 1: like it. It's only during election season, only during almost

433
00:23:05,200 --> 00:23:08,600
Speaker 1: election weeks. We call it the Hawkeye State, the Nutmeg state.

434
00:23:08,800 --> 00:23:12,240
Speaker 1: What the entire state Connecticut? I never knew that. And

435
00:23:12,520 --> 00:23:15,400
Speaker 1: in Pennsylvania is the Keystone No one called the Road

436
00:23:17,760 --> 00:23:20,680
Speaker 1: lived in Pennsylvania, greatest state in the Union. You're really

437
00:23:20,720 --> 00:23:23,119
Speaker 1: called at the Keystone State. I've called it right now

438
00:23:23,200 --> 00:23:28,640
Speaker 1: Keystone State Pennsylvania. Because this election that's basically everything say

439
00:23:31,640 --> 00:23:35,560
Speaker 1: the Hawkeye State. You know, it's just it's Burger today.

440
00:23:35,600 --> 00:23:37,600
Speaker 1: By the way, in order salad, I thought David Sutram

441
00:23:37,680 --> 00:23:39,359
Speaker 1: and my TV producers have was gonna fall. He's like,

442
00:23:39,359 --> 00:23:40,879
Speaker 1: you're ordering a salad. I said, it's a marathon, not

443
00:23:40,960 --> 00:23:44,439
Speaker 1: a spread. Um. Yeah, you are in the King of

444
00:23:44,640 --> 00:23:48,480
Speaker 1: Meat and port. I had a great filet last night.

445
00:23:48,680 --> 00:23:51,320
Speaker 1: You know, it was amazing Fred. This state that we're in,

446
00:23:51,480 --> 00:23:54,359
Speaker 1: Iowa or the Hawkeye State, it is really one of

447
00:23:54,359 --> 00:23:57,119
Speaker 1: those states that's ground zero for economic policy as it

448
00:23:57,160 --> 00:23:59,159
Speaker 1: relates to U. S m c A, as it relates

449
00:23:59,160 --> 00:24:02,040
Speaker 1: to US China trade policy. You have a book out

450
00:24:02,080 --> 00:24:04,879
Speaker 1: which I love, and whether you agree with them or not,

451
00:24:05,280 --> 00:24:10,040
Speaker 1: it's a great analysis and a great snapshot of trade

452
00:24:10,080 --> 00:24:13,280
Speaker 1: policy in the global world. It's called trade is not

453
00:24:13,440 --> 00:24:17,640
Speaker 1: a four letter word. So as based upon your analysis,

454
00:24:17,680 --> 00:24:19,960
Speaker 1: as someone who was in the Obama administration, shared the

455
00:24:20,080 --> 00:24:23,720
Speaker 1: x IN Bank and knows these issues, how is they're

456
00:24:23,760 --> 00:24:25,760
Speaker 1: not talking about appeachment here in Iowa. They're talking about

457
00:24:25,760 --> 00:24:29,280
Speaker 1: trade policy agriculture. Uh, this is a big axcent. I

458
00:24:29,320 --> 00:24:31,159
Speaker 1: spent a lot of time here when I was chairman

459
00:24:31,160 --> 00:24:33,639
Speaker 1: of the XM Bank, explent the bank and then writing

460
00:24:33,640 --> 00:24:36,040
Speaker 1: this book. I came out here because it's the state

461
00:24:36,119 --> 00:24:38,879
Speaker 1: that relies on commodity exports, a lot of soybeans and

462
00:24:38,920 --> 00:24:42,040
Speaker 1: also farm equipment, industrial equipment, So it really does It's

463
00:24:42,040 --> 00:24:45,640
Speaker 1: got both sides of the of the coin here. UM.

464
00:24:45,680 --> 00:24:47,400
Speaker 1: I was surprised when I was out here a lot

465
00:24:47,400 --> 00:24:51,159
Speaker 1: of farmers were sticking with President President Trump, excuse me,

466
00:24:51,240 --> 00:24:56,080
Speaker 1: President Trump on the trade war with China. UM. I

467
00:24:56,119 --> 00:24:58,680
Speaker 1: think they counter narrative to what a lot of folks

468
00:24:58,680 --> 00:25:00,800
Speaker 1: in the mainstream media report, right, but they but I

469
00:25:00,840 --> 00:25:03,640
Speaker 1: agree with you. A lot of them saw Trump they said, well,

470
00:25:03,680 --> 00:25:06,040
Speaker 1: he's he's a rich guy, he's a business guy. He

471
00:25:06,119 --> 00:25:08,920
Speaker 1: must be doing it for the right reasons. And I'm not.

472
00:25:09,160 --> 00:25:11,200
Speaker 1: I'm not agreeing with that, but that was the sentiment

473
00:25:11,240 --> 00:25:14,560
Speaker 1: that came through loud and clear. I think one problem

474
00:25:14,560 --> 00:25:16,760
Speaker 1: with this new China deal that we're talking about, it's

475
00:25:16,920 --> 00:25:18,720
Speaker 1: a little bit more of a truce or a ceasefire

476
00:25:18,760 --> 00:25:21,760
Speaker 1: than a trade deal. Whether these farmers are gonna put

477
00:25:22,000 --> 00:25:25,320
Speaker 1: all their quote unquote soybeans in one basket and try

478
00:25:25,320 --> 00:25:27,600
Speaker 1: and sell all that to China knowing it could be

479
00:25:27,640 --> 00:25:30,280
Speaker 1: turned off at any moment. Again, I think that's I'm

480
00:25:30,280 --> 00:25:31,920
Speaker 1: not sure what's really gonna work out. You see this

481
00:25:31,960 --> 00:25:34,119
Speaker 1: in the Bloomberg terminal. Did you see this? That trade

482
00:25:34,119 --> 00:25:36,919
Speaker 1: truce might have gotten the flu, might have gotten coronavirus?

483
00:25:36,920 --> 00:25:40,560
Speaker 1: Because now Bloomberg is reporting earlier today that a lot

484
00:25:40,560 --> 00:25:46,479
Speaker 1: of Chinese officials Laha, Vice Premier, China General Secretary Shi

485
00:25:46,600 --> 00:25:50,040
Speaker 1: jing Ping, they're saying, hey, they don't like all this

486
00:25:50,160 --> 00:25:52,719
Speaker 1: scrutiny that they're getting from the U S on the coronavirus,

487
00:25:52,760 --> 00:25:55,200
Speaker 1: talking about shaking the markets. That volatility not coming from

488
00:25:55,200 --> 00:25:57,560
Speaker 1: the beachment, folks, it's coming from the coronavirus. Rick, I

489
00:25:57,560 --> 00:25:59,800
Speaker 1: wanna ask you something, because Fred just laid out in

490
00:26:00,000 --> 00:26:02,240
Speaker 1: them to the economic policy as it relates to trade,

491
00:26:02,400 --> 00:26:04,640
Speaker 1: but I want to ask you about ethanol. Ethanol's king here.

492
00:26:04,920 --> 00:26:07,520
Speaker 1: Ethanol is king here. It's been king for a long time.

493
00:26:07,960 --> 00:26:11,359
Speaker 1: And uh, it's uh, it's been something that's been a

494
00:26:11,359 --> 00:26:14,760
Speaker 1: big debate both in the Republican Party. Uh. Not everybody.

495
00:26:14,760 --> 00:26:17,879
Speaker 1: My old boss, John McCain hated ethanol. Uh. One of

496
00:26:17,920 --> 00:26:20,760
Speaker 1: the reasons it made John Seaton's job so hard, like

497
00:26:20,840 --> 00:26:22,520
Speaker 1: we'll get his votes in a state where I'm going

498
00:26:22,600 --> 00:26:25,480
Speaker 1: to shut down the entire industry. Uh. And and that's

499
00:26:25,520 --> 00:26:28,640
Speaker 1: the weird thing about farming here, right or not. That's

500
00:26:28,680 --> 00:26:31,920
Speaker 1: not an opinion of ethanol, just for the record. And uh.

501
00:26:31,920 --> 00:26:33,879
Speaker 1: And so you know, you think of farming is like

502
00:26:34,359 --> 00:26:37,119
Speaker 1: food consumption, and it's not in a state by and large,

503
00:26:37,119 --> 00:26:41,640
Speaker 1: it's really production and uh. And so you have farmers

504
00:26:41,680 --> 00:26:45,520
Speaker 1: here who are really uh, they're in the hydrocarbons, right.

505
00:26:45,920 --> 00:26:48,879
Speaker 1: They want to see ethanol being used as a major

506
00:26:48,920 --> 00:26:52,240
Speaker 1: factor in transport fuels. Actually, I put it. I did

507
00:26:52,240 --> 00:26:53,679
Speaker 1: a little work on that when I was at here

508
00:26:53,680 --> 00:26:56,720
Speaker 1: on my book. The corn that we use in tritillas

509
00:26:56,760 --> 00:27:00,680
Speaker 1: and everything else usually comes from the Netherlands from It's

510
00:27:00,680 --> 00:27:06,240
Speaker 1: not American Corps. Dreams are shattered. Yeah, I always thought

511
00:27:06,280 --> 00:27:08,960
Speaker 1: I was eating an American corner, not even but here

512
00:27:08,960 --> 00:27:12,320
Speaker 1: in Iowa. It's grown in Iowa. Yeah, but there They've

513
00:27:12,359 --> 00:27:18,560
Speaker 1: got a last night and were probably now. But well,

514
00:27:18,560 --> 00:27:20,200
Speaker 1: here's what I think is interesting. I'd love to get

515
00:27:20,280 --> 00:27:22,359
Speaker 1: everyone else's thoughts on the panel about this too. But

516
00:27:22,880 --> 00:27:26,080
Speaker 1: you know, ethanol typically plays a very prominent role in

517
00:27:26,160 --> 00:27:29,680
Speaker 1: both Democratic and in Republican primaries or in this case,

518
00:27:29,680 --> 00:27:32,200
Speaker 1: obviously the caucus, the debate over the caucus. I have

519
00:27:32,359 --> 00:27:35,320
Speaker 1: heard almost no mention of ethanol, at least in the

520
00:27:35,359 --> 00:27:38,119
Speaker 1: Democratic primary. UM. It was a big deal for us

521
00:27:38,160 --> 00:27:41,320
Speaker 1: in UM, and it certainly was a big deal in

522
00:27:41,320 --> 00:27:43,560
Speaker 1: two thousand and eight when I worked on Hillary Clinton's campaign.

523
00:27:43,920 --> 00:27:45,560
Speaker 1: It is interesting to me, and I'd love to get

524
00:27:45,560 --> 00:27:48,800
Speaker 1: everyone's thoughts, especially that Mr Iowa expert over here. Why

525
00:27:48,840 --> 00:27:53,159
Speaker 1: are we not hearing more about this in the Democratic primary? Well,

526
00:27:53,200 --> 00:27:55,280
Speaker 1: I'll tell you one thing I'm surprised by is I

527
00:27:55,320 --> 00:27:58,080
Speaker 1: don't hear very much about climate policy at all. I mean,

528
00:27:58,119 --> 00:28:01,240
Speaker 1: when you really think about the issues that the Democrats

529
00:28:01,240 --> 00:28:03,840
Speaker 1: are talking about, I mean, first of all, electability is

530
00:28:03,880 --> 00:28:06,560
Speaker 1: fifty of everything they talk about, right, So then you

531
00:28:06,600 --> 00:28:08,720
Speaker 1: take that off the equation and most of it is

532
00:28:08,720 --> 00:28:12,160
Speaker 1: healthcare right or some form of healthcare right, whether it's

533
00:28:12,240 --> 00:28:16,280
Speaker 1: drug pricing or accessibility or whatnot. And and and maybe

534
00:28:17,240 --> 00:28:20,439
Speaker 1: one question out of a hundred at the debates have

535
00:28:20,520 --> 00:28:23,119
Speaker 1: been about climate policy. So when you really spin it around,

536
00:28:23,440 --> 00:28:27,040
Speaker 1: why talk about ethanol in a way that you think

537
00:28:27,040 --> 00:28:30,119
Speaker 1: it's a component part of a good environmental health policy.

538
00:28:30,160 --> 00:28:34,120
Speaker 1: If nobody seems to want to engage on the issue, Well,

539
00:28:34,160 --> 00:28:36,280
Speaker 1: I think young people do care a lot about climate change.

540
00:28:36,280 --> 00:28:37,679
Speaker 1: And I think even though it's not a question you

541
00:28:37,720 --> 00:28:39,120
Speaker 1: hear on the debate stage a lot, I know it's

542
00:28:39,120 --> 00:28:42,360
Speaker 1: definitely something that's driving a lot of younger voters. That's

543
00:28:42,360 --> 00:28:45,080
Speaker 1: why the Sunrise movement endorsing Bernie Sanders has been a

544
00:28:45,120 --> 00:28:48,440
Speaker 1: big deal. But you're right, does Bernie talk about it? Well?

545
00:28:48,480 --> 00:28:50,400
Speaker 1: And we and we need to And I think and

546
00:28:50,440 --> 00:28:52,680
Speaker 1: I hope is somebody who is you know, that's the

547
00:28:52,720 --> 00:28:54,400
Speaker 1: top issue for me. I hope that we hear more

548
00:28:54,440 --> 00:28:57,280
Speaker 1: about this going forward. Um, But I do find it

549
00:28:57,320 --> 00:28:59,960
Speaker 1: fascinating that you know, ethanolic, where you still in Ethanolic

550
00:29:00,160 --> 00:29:02,120
Speaker 1: sort of be a make or break in Iowa, and

551
00:29:02,160 --> 00:29:04,360
Speaker 1: we are barely talking about it at that issue here

552
00:29:04,360 --> 00:29:06,080
Speaker 1: in the state of Iowa. This time, A yeah, I

553
00:29:06,080 --> 00:29:09,480
Speaker 1: think that the broader issue is climate change. I remember

554
00:29:09,520 --> 00:29:13,360
Speaker 1: something very vividly from UH Secretary Vilsack when he did

555
00:29:13,400 --> 00:29:16,400
Speaker 1: a survey when he was the Agricultural secretary, and he

556
00:29:16,400 --> 00:29:18,240
Speaker 1: said they would serve a farmers and they would say,

557
00:29:18,280 --> 00:29:21,640
Speaker 1: and the former governor of Iowa and the former that's same,

558
00:29:21,720 --> 00:29:23,760
Speaker 1: that same. So I just want to, you know, because

559
00:29:23,960 --> 00:29:27,760
Speaker 1: because when I Biden has gotten the Iowa Democratic establishment

560
00:29:27,800 --> 00:29:30,160
Speaker 1: behind him, for what that's worth, go ahead. So he

561
00:29:30,200 --> 00:29:32,040
Speaker 1: made the point when they would serve a farmers that

562
00:29:32,320 --> 00:29:36,840
Speaker 1: has weather changed, patterns change or farming? Yes, is their

563
00:29:36,880 --> 00:29:42,960
Speaker 1: climate change? No? So well, climate change became a sort

564
00:29:43,000 --> 00:29:46,440
Speaker 1: of a hot button, a partisan spin on it versus

565
00:29:46,440 --> 00:29:48,840
Speaker 1: of course weather has changed and their farming has changed,

566
00:29:49,120 --> 00:29:51,920
Speaker 1: based upon my reporting, and again, maybe this will change.

567
00:29:51,920 --> 00:29:54,120
Speaker 1: To me, it still feels like a bumper sticker issue.

568
00:29:54,440 --> 00:29:56,520
Speaker 1: I don't know what the different plans are. I hear

569
00:29:56,680 --> 00:30:00,240
Speaker 1: green new Deal, I hear stop global warming. I year,

570
00:30:00,640 --> 00:30:02,720
Speaker 1: you know, we gotta have the private sector involved. I

571
00:30:02,760 --> 00:30:04,720
Speaker 1: hear all of that, But there there doesn't seem and

572
00:30:04,800 --> 00:30:07,240
Speaker 1: maybe it's maybe it's that I got asked better questions,

573
00:30:07,240 --> 00:30:10,080
Speaker 1: but it doesn't seem that there's enough nuance yet on

574
00:30:10,120 --> 00:30:12,960
Speaker 1: the particular issue. So Rick's point and to Adrian's point,

575
00:30:12,960 --> 00:30:16,760
Speaker 1: when I was speaking to voters yesterday at the Buddha

576
00:30:16,800 --> 00:30:19,040
Speaker 1: Jet Drilly, actually they were undecided, and I said, what's

577
00:30:19,040 --> 00:30:21,120
Speaker 1: the number one issue? And you heard healthcare, you heard

578
00:30:21,160 --> 00:30:25,080
Speaker 1: the economy. But but for the folks who said climate change,

579
00:30:25,120 --> 00:30:26,880
Speaker 1: I said, how has it? My fall up was how

580
00:30:26,920 --> 00:30:29,240
Speaker 1: has it directly impacted you? And that's made me think

581
00:30:29,240 --> 00:30:32,440
Speaker 1: of it, fred Is They said patterns. I mean weather

582
00:30:32,480 --> 00:30:35,880
Speaker 1: patterns on their farms. And so if you're trying to

583
00:30:35,960 --> 00:30:38,480
Speaker 1: foreshadow four years from now where Republicans are going to

584
00:30:38,600 --> 00:30:42,000
Speaker 1: have to be on this, there is, you know, arguably

585
00:30:42,240 --> 00:30:45,920
Speaker 1: a spiritual element to it. But there's also the farmers

586
00:30:46,000 --> 00:30:50,520
Speaker 1: who really are noticing how it's impacting them. And I'm

587
00:30:50,560 --> 00:30:53,160
Speaker 1: struck that. I just think that debate just isn't as

588
00:30:53,280 --> 00:30:56,920
Speaker 1: nuanced enough. Adrian, Yeah, I d too. And you know, again,

589
00:30:56,960 --> 00:30:58,320
Speaker 1: it used to be an issue that was a make

590
00:30:58,360 --> 00:31:00,280
Speaker 1: or break for a candidate. And Nile, Yeah, where what

591
00:31:00,360 --> 00:31:02,040
Speaker 1: did you stand on corn based ethanol? What did you

592
00:31:02,080 --> 00:31:04,520
Speaker 1: stand on subsidies? We're just not hearing a lot about

593
00:31:04,520 --> 00:31:06,920
Speaker 1: this around. But I do think my subsidies for these

594
00:31:06,960 --> 00:31:09,440
Speaker 1: farmers out here at the Trump and I would say,

595
00:31:09,680 --> 00:31:11,600
Speaker 1: I'll make you have to do the disclaimer. The one

596
00:31:11,600 --> 00:31:13,880
Speaker 1: guy is out talking about climate is back Bloomberg, who's

597
00:31:13,920 --> 00:31:16,920
Speaker 1: nowhere near Iowa right now. Well, I want to go on.

598
00:31:17,120 --> 00:31:19,240
Speaker 1: Coming up, we're gonna talk about the candidates who aren't

599
00:31:19,240 --> 00:31:21,200
Speaker 1: here in the importance of bio, including Bloomberg. And for

600
00:31:21,240 --> 00:31:23,479
Speaker 1: the disclaimer, he of course is the founder of majority

601
00:31:23,520 --> 00:31:26,760
Speaker 1: owner of Bloomberg LP, the parent company of Bloomberg News.

602
00:31:26,800 --> 00:31:30,160
Speaker 1: But I think it's interesting, Rick Uh. I think it's

603
00:31:30,200 --> 00:31:32,880
Speaker 1: interesting because even him, he hasn't really given specifics and

604
00:31:32,920 --> 00:31:34,800
Speaker 1: the Bloomberg terminal, there's a great story about a lack

605
00:31:34,840 --> 00:31:38,000
Speaker 1: of specifics coming from his campaign. Next hour, I'll interview

606
00:31:38,040 --> 00:31:40,800
Speaker 1: Donald Trump Jr. I'm Kevin CURRELLI panel stays, we check

607
00:31:40,840 --> 00:31:57,080
Speaker 1: in with the Warren campaign. You're listening to Bloomberg, you're

608
00:31:57,160 --> 00:32:00,680
Speaker 1: listening to Sound On with Kevin's really live from the

609
00:32:00,720 --> 00:32:05,479
Speaker 1: Iowa caucuses on Bloomberg Radio. We're broadcasting live from downtown

610
00:32:05,520 --> 00:32:08,000
Speaker 1: to Moine where and just under in just more than

611
00:32:08,040 --> 00:32:10,440
Speaker 1: an hour, those caucuses. The caucus sites are gonna open.

612
00:32:10,640 --> 00:32:13,560
Speaker 1: Adrian L. Rod, Fred Hawkber we're talking about this before

613
00:32:13,560 --> 00:32:16,040
Speaker 1: the break. Let's just finish it off. Michael Blomberg is

614
00:32:16,040 --> 00:32:18,680
Speaker 1: in here. He's not a mistake. You know. Here's what

615
00:32:18,720 --> 00:32:21,080
Speaker 1: I think it's gonna be so interesting. Kevin, He's not here, right,

616
00:32:21,120 --> 00:32:22,840
Speaker 1: But you've got to keep in mind that even though

617
00:32:22,920 --> 00:32:25,960
Speaker 1: he's you know, not intentionally doing a lot of local cable,

618
00:32:26,360 --> 00:32:29,200
Speaker 1: you know here, his ads are everywhere here. So what

619
00:32:29,200 --> 00:32:31,680
Speaker 1: I think is gonna be fascinating tonight, knowing that for

620
00:32:31,720 --> 00:32:34,240
Speaker 1: the first time in caucus history, the Rod vote total

621
00:32:34,280 --> 00:32:38,240
Speaker 1: will be announced, You're gonna see people who do caucus

622
00:32:38,280 --> 00:32:40,800
Speaker 1: for him, right, I mean, people are free to caucus

623
00:32:40,880 --> 00:32:43,120
Speaker 1: for him, and it's gonna be interesting to see what

624
00:32:43,160 --> 00:32:46,400
Speaker 1: that actual number is. If it looks too low, I mean,

625
00:32:46,440 --> 00:32:48,280
Speaker 1: I don't think it's going to have a major impact.

626
00:32:48,280 --> 00:32:50,080
Speaker 1: But if he comes away with like, you know, a

627
00:32:50,200 --> 00:32:53,160
Speaker 1: thousand people who caucus for him in the first alignment

628
00:32:53,160 --> 00:32:55,560
Speaker 1: of raw vote total that comes out, does look look

629
00:32:55,600 --> 00:32:58,280
Speaker 1: great for him. So people are still the bottom line

630
00:32:58,320 --> 00:32:59,560
Speaker 1: is people are still going to vote for him in

631
00:32:59,560 --> 00:33:01,320
Speaker 1: New Hampshire or he's not on on the ballot, but people

632
00:33:01,360 --> 00:33:03,600
Speaker 1: can ride him in. They can still caucus for him

633
00:33:03,600 --> 00:33:05,840
Speaker 1: in Nevada, and they can still ride him in South Carolina.

634
00:33:05,960 --> 00:33:08,200
Speaker 1: So he's kind of make sure that he's managing those

635
00:33:08,240 --> 00:33:11,000
Speaker 1: expectations and reminding people time and time again. But I

636
00:33:11,040 --> 00:33:15,080
Speaker 1: haven't played here. And also to forget about the heartland,

637
00:33:16,600 --> 00:33:19,720
Speaker 1: Well yeah, I don't think he's forgetting about the heartland

638
00:33:19,720 --> 00:33:22,840
Speaker 1: because he's gonna play in every single other stage. But

639
00:33:22,960 --> 00:33:25,160
Speaker 1: you do have to be very careful again because there

640
00:33:25,160 --> 00:33:26,720
Speaker 1: are going to be people who are supporting him, and

641
00:33:26,720 --> 00:33:29,680
Speaker 1: if he comes out of here with one two percent

642
00:33:29,720 --> 00:33:32,120
Speaker 1: of the raw vote total, that's not a great look.

643
00:33:32,120 --> 00:33:34,040
Speaker 1: All right. That just a disclaimer. He's the founder of

644
00:33:34,080 --> 00:33:36,440
Speaker 1: majority owner of Bloomberg LPI, the parent company of Bloomberg.

645
00:33:36,480 --> 00:33:40,600
Speaker 1: He's on the line now, Dallas Cowboys fan, I believe. Unfortunately,

646
00:33:40,680 --> 00:33:44,800
Speaker 1: Julian Castro, former presidential candidate and former Secretary of Housing

647
00:33:45,040 --> 00:33:47,920
Speaker 1: and Urban Development, Look, my Eagles weren't in the super

648
00:33:47,960 --> 00:33:50,880
Speaker 1: Bowl either, Holian sec former Secretary Castro. Sorry, didn't mean

649
00:33:50,920 --> 00:33:55,440
Speaker 1: to call you that. Well, I can actually commiserate with

650
00:33:55,480 --> 00:34:01,400
Speaker 1: you because I'm an Eagles fan the Cowboys. Very early on,

651
00:34:02,160 --> 00:34:04,440
Speaker 1: you and I were super competitive. I had to find

652
00:34:04,440 --> 00:34:07,240
Speaker 1: another team, and I chose the Eagle. So we're in

653
00:34:07,240 --> 00:34:11,720
Speaker 1: the same, Mr Cashrow, former HUD secretary cashtro I gotta

654
00:34:11,800 --> 00:34:14,680
Speaker 1: say I learned something new every time I'm on this show.

655
00:34:14,719 --> 00:34:16,239
Speaker 1: I had no idea that you were one of the

656
00:34:16,280 --> 00:34:20,520
Speaker 1: good guys. I appreciate you backing the birds and hey,

657
00:34:20,560 --> 00:34:22,719
Speaker 1: Andy Reid one, all right, enough about football, let me

658
00:34:22,760 --> 00:34:24,800
Speaker 1: ask you about war. And how's she gonna do tonight.

659
00:34:26,360 --> 00:34:28,239
Speaker 1: I think she's going to do well. Uh. You know,

660
00:34:28,280 --> 00:34:31,360
Speaker 1: I've been out here most of this test, uh, talking

661
00:34:31,360 --> 00:34:34,839
Speaker 1: to volunteers, talking to organizers, getting out to different parts

662
00:34:34,880 --> 00:34:37,279
Speaker 1: of the states, from western Iowa to we're resumed to

663
00:34:37,360 --> 00:34:40,439
Speaker 1: going today. I was Eastern Iowa the last couple of days.

664
00:34:40,960 --> 00:34:43,480
Speaker 1: I think she's going to do well. The truth is that,

665
00:34:43,960 --> 00:34:45,799
Speaker 1: you know, the best way to describe it is a

666
00:34:45,920 --> 00:34:49,600
Speaker 1: jump ball. No exactly what's going to happen tonight, but

667
00:34:49,880 --> 00:34:52,840
Speaker 1: she's put in the work like nobody has worked harder

668
00:34:52,840 --> 00:34:55,160
Speaker 1: over the last year of this campaign. I saw that

669
00:34:55,320 --> 00:34:58,160
Speaker 1: firsthand when I was a candidate, and I think nobody

670
00:34:58,160 --> 00:35:00,720
Speaker 1: has a stronger message going into the last forty eight hours,

671
00:35:00,760 --> 00:35:03,439
Speaker 1: which is that she can beautify the party, and she's

672
00:35:03,440 --> 00:35:06,080
Speaker 1: shown that she can beat an incumbent Republican, she can

673
00:35:06,120 --> 00:35:09,239
Speaker 1: beat Donald Trump if she's not meat. All right, So

674
00:35:09,640 --> 00:35:12,160
Speaker 1: let me ask you this, because there's so much about expectations,

675
00:35:12,160 --> 00:35:14,640
Speaker 1: and I know you're gonna, you know, repundance. That's what

676
00:35:14,680 --> 00:35:16,520
Speaker 1: we do. And I don't consider myself a pundent, but

677
00:35:16,560 --> 00:35:19,080
Speaker 1: you know how it works. Does she needs a place

678
00:35:19,640 --> 00:35:24,879
Speaker 1: top five, top four? Where do you place her? Well?

679
00:35:24,920 --> 00:35:26,759
Speaker 1: I mean I think she needs to do well. Yeah,

680
00:35:26,880 --> 00:35:28,880
Speaker 1: the first people they're going to be. I think that

681
00:35:29,000 --> 00:35:32,719
Speaker 1: the truth is that, especially because as your listeners probably know,

682
00:35:33,320 --> 00:35:35,680
Speaker 1: this is the first time in CONCUSS history that they're

683
00:35:35,680 --> 00:35:38,640
Speaker 1: going to report out more than just the overall delegates

684
00:35:38,640 --> 00:35:40,840
Speaker 1: to the candidate gets. They're going to report out the

685
00:35:40,960 --> 00:35:43,879
Speaker 1: law vote totals and a couple of other reports too.

686
00:35:44,600 --> 00:35:46,839
Speaker 1: So the truth is that they're probably going to be

687
00:35:47,280 --> 00:35:50,239
Speaker 1: you know, several different tickets out of Iowa, and I

688
00:35:50,320 --> 00:35:52,560
Speaker 1: believe that she's gonna have one of those. She has

689
00:35:52,600 --> 00:35:54,879
Speaker 1: the best ground game, I think out there, she's got

690
00:35:54,880 --> 00:35:58,960
Speaker 1: a lot of enthusiasm behind her powerful message, and I

691
00:35:58,960 --> 00:36:00,399
Speaker 1: think that she's going to have a go at night

692
00:36:00,520 --> 00:36:03,120
Speaker 1: where she's going to come and come up in terms

693
00:36:03,160 --> 00:36:05,600
Speaker 1: of the number of overall delegates. I like I said

694
00:36:05,640 --> 00:36:07,879
Speaker 1: it to jump all right, now, all right, in terms

695
00:36:07,880 --> 00:36:10,440
Speaker 1: of what you're hearing from folks, what what is it

696
00:36:10,440 --> 00:36:14,919
Speaker 1: about Warren's message? Because how does she differentiate herself from

697
00:36:14,960 --> 00:36:18,319
Speaker 1: Bernie Standers in the sense that it would appear that,

698
00:36:18,400 --> 00:36:21,400
Speaker 1: based upon at least polls here in Iowa, the Sanders

699
00:36:21,480 --> 00:36:24,839
Speaker 1: has really surged. But how When I was flipping through

700
00:36:24,880 --> 00:36:28,680
Speaker 1: the channels in my hotel room last night, I saw

701
00:36:28,680 --> 00:36:31,399
Speaker 1: her ad that says unity. It seems that she's trying

702
00:36:31,400 --> 00:36:34,000
Speaker 1: to cast herself as the unity candidate. That's my last question,

703
00:36:34,000 --> 00:36:36,520
Speaker 1: because I know you gotta go thank you. Well. Hey, look,

704
00:36:36,760 --> 00:36:38,400
Speaker 1: I had a decision to bank when I got out

705
00:36:38,440 --> 00:36:42,120
Speaker 1: of the right and spoke Bernie and Elizabeth appeal to

706
00:36:42,120 --> 00:36:44,920
Speaker 1: my progressive values. They have visions that I think the

707
00:36:44,960 --> 00:36:47,040
Speaker 1: country can be proud of and would be receptive to.

708
00:36:47,200 --> 00:36:51,480
Speaker 1: In November, I made a decision to support Senator Warren

709
00:36:51,560 --> 00:36:54,439
Speaker 1: in part because I do think that she's our best

710
00:36:54,440 --> 00:36:56,440
Speaker 1: bet to beat Donald Trump. That she can bring the

711
00:36:56,680 --> 00:36:59,919
Speaker 1: entire spectrum of the Democratic Party together hand to track

712
00:37:00,160 --> 00:37:02,920
Speaker 1: some independence and some people who voted for Trumps that

713
00:37:02,960 --> 00:37:06,280
Speaker 1: are disillusioned now and we'll vote for her. And then secondly,

714
00:37:06,520 --> 00:37:08,840
Speaker 1: she actually has a track record of getting things done.

715
00:37:09,280 --> 00:37:12,160
Speaker 1: I saw her stand up to Consumer Financial Protection Bureau.

716
00:37:12,440 --> 00:37:15,040
Speaker 1: I worked with her when I was Housing Secretary, so

717
00:37:15,160 --> 00:37:17,400
Speaker 1: she's done it. Fancy had a great vision and she

718
00:37:17,440 --> 00:37:20,680
Speaker 1: could beat Donald Trump. All right. That's former HUD Secretary

719
00:37:20,719 --> 00:37:22,800
Speaker 1: holy and Casher, who I never knew was an Eagles

720
00:37:22,840 --> 00:37:25,279
Speaker 1: fan all these years I've covered him in HUD. You know,

721
00:37:25,560 --> 00:37:28,480
Speaker 1: I covered his confirmation and I never knew that he

722
00:37:28,560 --> 00:37:31,880
Speaker 1: was a Philadelphia Eagles fan. So I appreciate you calling

723
00:37:31,960 --> 00:37:34,279
Speaker 1: in and and and layded out for us. Appreciate your time, sir.

724
00:37:35,360 --> 00:37:38,120
Speaker 1: Good to be with you, all right. Closing thoughts now

725
00:37:38,200 --> 00:37:42,160
Speaker 1: from the Adrian L. Rod and the Fred Hackburg closing thoughts.

726
00:37:42,160 --> 00:37:44,479
Speaker 1: You've got three minutes. Tell tell me, well, we're gonna

727
00:37:44,480 --> 00:37:48,000
Speaker 1: do a quick take. What's on your radar Iowa Caucus edition.

728
00:37:48,280 --> 00:37:50,320
Speaker 1: What's one thing that you're gonna be watching for about

729
00:37:50,320 --> 00:37:52,680
Speaker 1: this process that we haven't really gotten into tonight. You know,

730
00:37:52,719 --> 00:37:55,759
Speaker 1: I'm more in trade Frankly, Kevin. I'm looking to see

731
00:37:55,760 --> 00:37:58,360
Speaker 1: her toe Biden lands right, that's a top three or

732
00:37:58,520 --> 00:38:00,560
Speaker 1: four or even after four. But I don't think he's

733
00:38:00,560 --> 00:38:02,920
Speaker 1: gonna go after for I'm intrigued to see how Andrew

734
00:38:03,000 --> 00:38:06,839
Speaker 1: Yang and Amy clubs are performed because because here's the thing,

735
00:38:06,880 --> 00:38:09,000
Speaker 1: and and Fred knows this, and and Kevin you know

736
00:38:09,040 --> 00:38:12,880
Speaker 1: this too. Typically during the Iowa caucuses, there are deals

737
00:38:12,920 --> 00:38:15,600
Speaker 1: at this point campaigns make with each other, especially for

738
00:38:15,600 --> 00:38:19,839
Speaker 1: those who are pulling under fiftcent threshold, where you basically say, okay,

739
00:38:19,920 --> 00:38:22,360
Speaker 1: listen second alignment, like you know, maybe I'll make you

740
00:38:22,400 --> 00:38:25,560
Speaker 1: my labor secretary if you're my XM baby, where you

741
00:38:25,560 --> 00:38:27,759
Speaker 1: can run the x M bank, Fred, if you will

742
00:38:27,800 --> 00:38:29,759
Speaker 1: get your people to to support me in the second

743
00:38:29,840 --> 00:38:32,640
Speaker 1: round of alignment. There are no deals this time around,

744
00:38:32,719 --> 00:38:35,960
Speaker 1: and frankly with yeah, I mean at least publicly that

745
00:38:36,000 --> 00:38:38,440
Speaker 1: we're aware of nothing that's been reported. There have been attempts,

746
00:38:38,520 --> 00:38:40,960
Speaker 1: right the Biden campaign has tried to contact the Yang campaign,

747
00:38:41,040 --> 00:38:43,399
Speaker 1: the Club Shar campaign to try to get some deals done,

748
00:38:43,440 --> 00:38:45,160
Speaker 1: but there have not been any official deals that have

749
00:38:45,239 --> 00:38:48,000
Speaker 1: been reported. And even if there were, Heaven, I'm not

750
00:38:48,120 --> 00:38:51,440
Speaker 1: quite sure, especially with sort of these you know, these

751
00:38:51,520 --> 00:38:53,319
Speaker 1: I'm you know, my way or the high I'm doing

752
00:38:53,320 --> 00:38:55,640
Speaker 1: it my own way types of of caucus cars out

753
00:38:55,640 --> 00:38:57,680
Speaker 1: there that are part of the Yang campaign, for example,

754
00:38:58,040 --> 00:38:59,800
Speaker 1: I'm not quite sure that even if there was a

755
00:38:59,880 --> 00:39:02,600
Speaker 1: dal that you can rely on some of these caucusgoers

756
00:39:02,680 --> 00:39:05,239
Speaker 1: who supported their candidate to go in mass to this

757
00:39:05,400 --> 00:39:08,320
Speaker 1: next to whoever the deal was cut. So I'm interested

758
00:39:08,440 --> 00:39:11,640
Speaker 1: to see, basically as a result of that, does Andrew

759
00:39:11,719 --> 00:39:15,160
Speaker 1: Yang is Amy Klobascher, does Tom Sire? Do they actually

760
00:39:15,200 --> 00:39:17,360
Speaker 1: come out of the state with even one degh Rod's

761
00:39:17,400 --> 00:39:19,960
Speaker 1: got her eye on the deals. I I that's you know,

762
00:39:20,239 --> 00:39:22,120
Speaker 1: that's why we love having her on the shows, because

763
00:39:22,120 --> 00:39:24,920
Speaker 1: she takes us back into those back rooms or honestly,

764
00:39:25,120 --> 00:39:27,319
Speaker 1: these days, it's not even like the cigar bars. It's

765
00:39:27,320 --> 00:39:29,279
Speaker 1: like at the gym, because that's all the type A

766
00:39:29,400 --> 00:39:32,239
Speaker 1: personalities who are like working out, like you know, all

767
00:39:32,280 --> 00:39:35,520
Speaker 1: anxious and overcaffeinated. But anyway, Fred, what's on your radar?

768
00:39:35,960 --> 00:39:39,400
Speaker 1: I think that the I understand the reasons about having

769
00:39:39,560 --> 00:39:42,000
Speaker 1: four different numbers come out of the Iowa caucus. Is

770
00:39:42,320 --> 00:39:45,240
Speaker 1: I think that is three too many. I understand the reason,

771
00:39:45,320 --> 00:39:47,440
Speaker 1: but you know, we're all simple people and we need

772
00:39:47,480 --> 00:39:50,600
Speaker 1: to know there's one clear winner, not one and I agree,

773
00:39:50,719 --> 00:39:53,520
Speaker 1: And there's a footnote on every single candidate. Well, Bernie

774
00:39:53,560 --> 00:39:56,759
Speaker 1: Sanders demanded this. This was something's campaign wanted. Transparency in

775
00:39:56,800 --> 00:39:59,359
Speaker 1: the DNC responded, and I think there's one winner. That's

776
00:39:59,400 --> 00:40:01,520
Speaker 1: why I don't I this. I interrupted, I don't buy this.

777
00:40:01,600 --> 00:40:04,600
Speaker 1: So I think that's just a mistake, and I think

778
00:40:04,640 --> 00:40:08,240
Speaker 1: it may actually it could possibly compromise the whole idea

779
00:40:08,239 --> 00:40:12,880
Speaker 1: of the singular role that the Iowa caucuses have played presidentially,

780
00:40:12,920 --> 00:40:16,520
Speaker 1: because it becomes totally muddied and confusing, and therefore this

781
00:40:16,600 --> 00:40:19,120
Speaker 1: no clarity round. It's on my right right less an

782
00:40:19,239 --> 00:40:20,880
Speaker 1: go ahead of Yeah, I just say really quickly to

783
00:40:20,960 --> 00:40:22,840
Speaker 1: the people who don't think that Iowa should play the

784
00:40:22,840 --> 00:40:25,360
Speaker 1: prominent role that it does in the primary process, that actually,

785
00:40:28,640 --> 00:40:30,319
Speaker 1: and the other thing I would say is a lot

786
00:40:30,360 --> 00:40:33,640
Speaker 1: of it has to do with how compelling your precinct,

787
00:40:33,640 --> 00:40:37,200
Speaker 1: Captain is to bring people over. Yes, yes, it's like

788
00:40:37,320 --> 00:40:40,000
Speaker 1: and it's local. You've got to convince your neighbor. What's

789
00:40:40,000 --> 00:40:42,680
Speaker 1: all my radars. I'll never forget. The Uber driver yesterday

790
00:40:42,680 --> 00:40:44,560
Speaker 1: said to me, I can't wait for these text messages.

791
00:40:44,680 --> 00:40:47,399
Speaker 1: All the campaigns are texting, are texting me, and they're

792
00:40:47,400 --> 00:40:49,680
Speaker 1: sick of it. I'm like, we got courtesy calls back home.

793
00:40:49,719 --> 00:40:52,600
Speaker 1: They've got courtesy calls and text messages from the campaigns here.

794
00:40:52,920 --> 00:40:55,359
Speaker 1: Thanks l Rod, Thanks Mr Hawkberg and of course thanks

795
00:40:55,360 --> 00:40:57,880
Speaker 1: to Rick Davis and all of our guests. Only in Castro,

796
00:40:58,000 --> 00:41:01,360
Speaker 1: Stacy Walker, I'm Kevin, surreal that you're listening to Bloomberg

797
00:41:01,719 --> 00:41:08,719
Speaker 1: nine one h m hmm