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Speaker 1: Why from our nation's came this budget thing is going

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Speaker 1: to do nothing Space Force. I still think it's interesting

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Speaker 1: President Trump not playing his cards yet. Headlines Policy and

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Speaker 1: Politics colliding Floomberg Sound On, The Insiders, the Influencers, the insides.

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Speaker 1: I would rather see a congressional solution. It's part of

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Speaker 1: my DNA. The Senate map in looks a lot different

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Speaker 1: than it looked in. You really have a divide within

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Speaker 1: Team Trump. The present has to do exactly what people

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Speaker 1: send him here to do, which is to get it done.

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Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg

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Speaker 1: one and one oh five point seven f m h

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Speaker 1: D two. I'm Jim Grasso sitting in for Kevin's Sorelli.

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Speaker 1: The House Judiciary Committee recommends the impeachment of Donald Trump

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Speaker 1: in a party line vote today, and the Supreme Court

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Speaker 1: agrees to hear those cases involving subpoenas for Trump's financial records.

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Speaker 1: In the UK, a sweeping victory for Boris Johnson gives

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Speaker 1: him a mandate to complete Brexit, and details of the

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Speaker 1: US China trade deal are still murky. Well, it's been

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Speaker 1: quite a week. A trade deal, a UK election, and

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Speaker 1: of course impeachment. After marathon sessions yesterday, the House Judiciary

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Speaker 1: Committee recommended the impeachment of Donald Trump in a party

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Speaker 1: line vote this morning that took less than half an

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Speaker 1: hour and reflected the bitter partisan disagreement. Just hours later,

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Speaker 1: Trump declared the impeachment vote and embarrassment to our country.

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Speaker 1: I think it's a horrible thing to be using the

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Speaker 1: tool of impeachment, which is supposed to be used in

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Speaker 1: an emergency, and it would seem many many, many years apart,

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Speaker 1: to be using this for a perfect phone call where

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Speaker 1: the president of that country said there was no pressure whatsoever,

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Speaker 1: didn't even know what we were talking about. Uh, it

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Speaker 1: was perfect. So President Trump, sticking to the way he

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Speaker 1: has described that conversation from the beginning as perfect. Joining

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Speaker 1: me tonight, Mark Ross, CEO of Charricul Global, Emily Wilkins,

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Speaker 1: Bloomberg government reporter and Eli Yoakley political reporter for Morning Consult. So, Emily,

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Speaker 1: I'll start with you, because committee chair Jerry Nadler recessed

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Speaker 1: without taking a vote last night and the Republicans were

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Speaker 1: none too happy about that. So what what was your

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Speaker 1: impression of the vote today? Well, the vote today when

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Speaker 1: pretty much how we expected. All the Democrats voted in

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Speaker 1: favor of the articles of the impeachment, all the Republicans

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Speaker 1: voted to oppose the party line vote, and now we're

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Speaker 1: going to see the process move on to the floor

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Speaker 1: of the House. That vote at this point is going

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Speaker 1: to be scheduled for Wednesday, and we're going to see

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Speaker 1: one more hearing on this. The bill the articles rather

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Speaker 1: calm before the Rules Committee on Tuesday night, and it

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Speaker 1: sounds like members there that also might be a very

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Speaker 1: long hearing of members there will be able to sort

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Speaker 1: of say their piece on whether they support or oppose

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Speaker 1: the articles. So mark the way the Democrats have handled this.

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Speaker 1: Do you think do you approve of their strategy or

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Speaker 1: do you think too many hearings too much of the

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Speaker 1: same thing? Well? I did, actually, I said on the

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Speaker 1: show in September that I predicted that Trump would be

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Speaker 1: impeached either by this Congress or certainly the next Congress.

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Speaker 1: So I totally approve of what the Democrats have done.

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Speaker 1: I think um clearly, anybody who's taken even the most

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Speaker 1: basic constitutional law classes would realize that the president has

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Speaker 1: gone too far. And the whole article to checks and

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Speaker 1: balances system that we have here in the United States

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Speaker 1: demanded simply that the House Representatives had to do something.

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Speaker 1: I mean, this behavior is not a hoax. It's very problematic,

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Speaker 1: and it also set a tone and you know, an

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Speaker 1: indication to President Trump if he is reelected, this behavior

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Speaker 1: is not acceptable. So Eli, it doesn't seem as if

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Speaker 1: President Trump, despite the fact that he is most likely

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Speaker 1: going to be impeached by next week, thinks that there's

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Speaker 1: anything wrong with his with his behavior. In fact, Rudy

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Speaker 1: Giuliani showed up at the White House today prettyly after

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Speaker 1: the impeachment vote. Yeah, well, voters disagree with him. Release

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Speaker 1: some polling earlier this weekend Morning Concil that found about

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Speaker 1: half of voters think that Trump abuses power in his

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Speaker 1: dealings with Ukraine. I mean, the majority of the American

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Speaker 1: public does not agree with the way Trump has handled this.

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Speaker 1: They support the Democrats impeachment probe, and those numbers are

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Speaker 1: pretty solid. I mean, since the impeachment inquiry began in October,

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Speaker 1: these numbers have been basically the same. About half the

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Speaker 1: American public supports impeaching Donald Trump, they support the Senate

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Speaker 1: voting to remove him, and Trump's arguments on this have

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Speaker 1: not moved voters at all, but no arguments have moved

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Speaker 1: the Republicans. And it seems as if unless something, I

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Speaker 1: don't know something, what would have to happen emily to

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Speaker 1: have any Republicans in the Senate, you know, go from

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Speaker 1: the party line at this point, it sounds like it

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Speaker 1: would have to be something pretty drastic. You know, most

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Speaker 1: Senators have refrained from commenting at this point on how

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Speaker 1: they might vote. They're trying to be the impartial jurors.

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Speaker 1: But if you look at the House of Republicans, you know,

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Speaker 1: a number of them have actually come out and expressed

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Speaker 1: some concerns about the president's phone call, saying that it

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Speaker 1: wasn't perfect, that he shouldn't have done what you've done,

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Speaker 1: what he did, But most of them say that it's

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Speaker 1: not an impeachable offense, that it does not rise to

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Speaker 1: that level. And you know, I was in Congress the

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Speaker 1: other day trying to talk to a couple more moderate Republicans,

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Speaker 1: and all of them plan on opposing Trump's impeachment. I

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Speaker 1: think it's interesting, Uh, if I go back to the

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Speaker 1: Clinton impeachment, when those articles were sent down, the Democrats

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Speaker 1: and the Capitol Hill all came down to the Rose

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Speaker 1: Garden and there was a impromptu press conference and President

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Speaker 1: Colon was surrounded by his entire caucus, his teammates, if

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Speaker 1: you will, And none of that is happening with President Trump.

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Speaker 1: I mean I've yet to see a outside of Fox

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Speaker 1: News and a discussion between Mitch McConnell and Seawan Hannity,

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Speaker 1: any kind of rousing support for the president. I mean,

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Speaker 1: the thing is, you really, this is not a great

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Speaker 1: situation for the president. Sure, all the indications indicate that

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Speaker 1: he's going to be acquitted, but no president, no president

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Speaker 1: wants to be dealing with the situation. And longer the

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Speaker 1: stretches out, who knows it's going to fall out. I

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Speaker 1: mean just this week, you know, the President is meeting

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Speaker 1: with the Russian foreign minister. Giuliani's in the office. I

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Speaker 1: mean there is a cast of characters that could still

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Speaker 1: come forward. You know, those those Fox News interviews matter though.

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Speaker 1: I mean this, this drives the Republican base in a

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Speaker 1: big way we've seen. I mean you look at many

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Speaker 1: congressional districts and uh, four in ten voters listened to

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Speaker 1: Fox News every day. I mean that's how into dozen

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Speaker 1: nineteen public officials are speaking to the American people, and

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Speaker 1: you've seen these Republicans on these committees really stand up

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Speaker 1: for Trump strongly. I think that matters in a big way,

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Speaker 1: maybe even more than a Rose Garden press conference might.

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Speaker 1: And I have to ask whether Trump is learning from

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Speaker 1: this impeachment if he has Rudy Giuliani coming to the

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Speaker 1: White House and apparently, according to Think it was the

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Speaker 1: Wall Street Journal reported that he was calling Giuliani while

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Speaker 1: his plane was still in the process of landing. So Mark,

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Speaker 1: despite the fact that the public maybe fifty fifty split,

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Speaker 1: it doesn't seem as if the president sees the problem

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Speaker 1: with what he's been doing. Yeah, but I mean the

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Speaker 1: president has a pattern. You know, the initial if we

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Speaker 1: go back to the very beginning of the Trump administration,

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Speaker 1: the famous June meeting during the campaign. You know, initially

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Speaker 1: we're all told that Donald Jr. Was meeting with these

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Speaker 1: Russians to talk about adoptions, right, and that was all

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Speaker 1: scrubbed and debated, and remember that that seems like a

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Speaker 1: lifetime ago. Well that did happen, and the President, you know,

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Speaker 1: on Air Force one, with his top team, decided to

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Speaker 1: you know, get on the same page and get the

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Speaker 1: message together. So you know, the idea that Rudy Giuliani

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Speaker 1: is in the White House today is just bizarre to say,

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Speaker 1: at least, like no proper campaign professional would suggest that

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Speaker 1: this is the proper strategy to show confidence Emily. Another

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Speaker 1: thing that happened today as we saw some sound from

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Speaker 1: Mitch McConnell from an interview he did, and he basically said,

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Speaker 1: he did say this, I'm going to take my cues

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Speaker 1: from the president's lawyer, is about the impeachment trial ahead. Now,

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Speaker 1: normally you would expect that both sides would at least

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Speaker 1: give the appearance of being neutral on what's going to happen,

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Speaker 1: uh coming up, and certainly the Senate, the man who's

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Speaker 1: going to be deciding the major issues of this. Are

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Speaker 1: you hearing any any kick back from that? You know?

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Speaker 1: I think Mitch McConnell also mentioned that, you know, at

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Speaker 1: this point, he said, we know how this is going

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Speaker 1: to go, that they don't have Democrats do not have

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Speaker 1: the votes um to remove Trump from office, and that

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Speaker 1: you know he's basically going to be acquitted. UM. Obviously

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Speaker 1: we don't know know that. Uh, none of us have

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Speaker 1: a future ball crystal ball and can see the future.

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Speaker 1: But at this point it really doesn't kind of seems

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Speaker 1: like that's going to be the way that it is,

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Speaker 1: and I think you see McConnell just being very clear

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Speaker 1: about that. Um. You know, he's i think always, at

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Speaker 1: least for the last couple of sessions, been very much

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Speaker 1: in stuff with the White House and with President Trump

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Speaker 1: on most issues. Eli, you wanted some final words there

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Speaker 1: about about Mitch McConnell's role here. Yes, sure, Look, look, um,

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Speaker 1: he's got an election coming up next year in Kentucky,

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Speaker 1: red state. But he needs Donald Trump just like everybody else.

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Speaker 1: And it's hard, it's really hard to see see a

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Speaker 1: number of Republicans breaking from the President on this. This

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Speaker 1: would be a step too far, I think for a

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Speaker 1: lot of folks coming up. Boris Johnson gets a mandate

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Speaker 1: to complete Brexit with a really sweeping, overwhelming wind might

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Speaker 1: say down. With the Bloomberg Sound On podcast on iTunes,

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

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Speaker 1: I'm June Grosso. You're listening to Bloomberg. This is Bloomberg

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Speaker 1: Sound On with Kevin Surrelate on Bloomberg and one oh

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Speaker 1: five point seven FM HD two. This is one of

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Speaker 1: the most successful leaks to the Trump presidency U S

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Speaker 1: m C A China military, the third consecutive military pay raise,

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Speaker 1: third consecutive investment in our mid over seven hundred billion dollars.

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Speaker 1: They have more resources, more respect, and d A a

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Speaker 1: paid family leave space force. And it's only Friday. Who

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Speaker 1: knows what we'll do tomorrow. That's uh White House counselor

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Speaker 1: Kelly and Conway apparently forgetting about the impeachment. As she

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Speaker 1: recounted the banner week it was at sixteen hundred Pennsylvania Avenue.

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Speaker 1: I'm joined by Mark Ross, CEO of Charricul Global, Emily

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Speaker 1: Wilkins Bloomberg Government Congress reporter, and Eli Yokeley, political reporter

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Speaker 1: from Morning Consult. So, the U. S. And China did

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Speaker 1: agree to the details of a first phase of a

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Speaker 1: broader trade agreement, in a move that will see the

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Speaker 1: US reduced tariffs that were scheduled to come up, so

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Speaker 1: at least temporarily calms the fears of an escalating trade

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Speaker 1: war between the world's two largest economies. But Mark, the

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Speaker 1: details are sketchy. Uh yeah, I think you're being generous.

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Speaker 1: You know, it's been called the Historic Deal, but there's

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Speaker 1: there's no public ceremony, no public texts, there's no handshakes. Uh.

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Speaker 1: You know, we've seen no really agreement on either side

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Speaker 1: or even within the administration. What's going on. I mean,

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Speaker 1: I think the most positive thing uh I can say

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Speaker 1: is that clearly both sides of de escalated this trade friction. Uh.

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Speaker 1: Stopping additional tariffs is definitely a positive situation. But um,

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Speaker 1: where we go from here? You know, when his face

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Speaker 1: to start? When are these soybeans are gonna be bought?

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Speaker 1: How it's trying to unprotect IP protection? I mean, they're

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Speaker 1: the thing about the US channel relationship. There's a lot

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Speaker 1: of complex issues. There's nearly one sectors of the Chinese

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Speaker 1: economy that are off limits to foreign companies. Uh. These

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Speaker 1: are issues that are front center and that need to

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Speaker 1: be addressed. But certainly I would say it's a positive

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Speaker 1: step in the sense that we've stopped the friction. Emily Democrats,

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Speaker 1: of course, criticized the deal and said a minorily Chuck

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Speaker 1: Schumer said that Trump sold out for a temporary and

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Speaker 1: unreliable promise from China to purchase soybeans. Any clues as

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Speaker 1: to why the agreement was it just to make sure

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Speaker 1: that those tariffs didn't come into play and then escalate

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Speaker 1: the trade war more Well, I think we're still seeing

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Speaker 1: a lot of details from the trade agreement slowly, slowly

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Speaker 1: began to come out on this late Friday afternoon. Uh,

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Speaker 1: I mean, we're seeing that, and then we're also beginning

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Speaker 1: to see the details from the U S m c A,

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Speaker 1: the United States, Mexico and Canada agreement. The White House

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Speaker 1: just sent that over to the House and the text

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Speaker 1: has just been released. So we've got Bloomberg reporters going

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Speaker 1: through the entire two fifty pages right now and trying

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Speaker 1: to figure out what the most important bits and pieces

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Speaker 1: of it are. And so part of it is that

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Speaker 1: Trump is trying to save some very important sectors of

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Speaker 1: the economy too to him in his re election, of course,

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Speaker 1: the farmers. And so I think that, um Ali, do

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Speaker 1: you have a pole coming out from morning consult that's

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Speaker 1: come out about the trade war. Well, we found that

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Speaker 1: consumer confidence among agriculture workers has lagged and and in

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Speaker 1: the last few weeks has started started to improve. Um Look,

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Speaker 1: this is a big deal for Donald Trump. The economy.

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Speaker 1: Voters trust Donald Trump, more than any Democratic presidential candidate

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Speaker 1: right now to handle the economy. Um, this is something

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Speaker 1: that to get him across the finish line and all

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Speaker 1: this impeachment stuff, um is pretty necessary for him to

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Speaker 1: flex that he's gotten some things done. Um. And and

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Speaker 1: look politically for Democrats, there's there's questions among the liberals,

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Speaker 1: but among the folks who won the majority for the

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Speaker 1: House Democrats, I mean giving uh, showing that you can

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Speaker 1: kind of walk and chew gun, that you can pass

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Speaker 1: a economic bill like this at the same time impeachment

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Speaker 1: is happening is probably a political win for them to

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Speaker 1: So Mark, my question is this, this steal is is

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Speaker 1: right now, we don't know how how it's going to

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Speaker 1: work out, what what kind of benefits farmers and others

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Speaker 1: are go me to see. But come election time and

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Speaker 1: come November, is this still going to be a win

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Speaker 1: for Donald Trump? Um? Sure. I mean if you listen

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Speaker 1: to him, I'm sure he'll say it's a win. Um.

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Speaker 1: You know, I want to win. This is true, It's

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Speaker 1: always a win. This is great. Um. I mean I

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Speaker 1: would say, no, I've been very barish on this. I

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Speaker 1: mean talking to some of my friends that you know,

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Speaker 1: do this on a daily basis. One of them said,

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Speaker 1: this is a nothing burger. Um, you know, they can

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Speaker 1: try to spin it as they want. But one of

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Speaker 1: them suggested that the Team Trump chickened out and caved

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Speaker 1: in on tariffs. You've seen what Chuck Schumer has said.

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Speaker 1: I don't know, it's you know, it's a long time

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Speaker 1: to the election. Frankly, Um, even Cudlow called this a

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Speaker 1: living document. I mean, you know, like exactly, I'm gonna

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Speaker 1: just stand on top of Hrana. Um, it is positive,

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Speaker 1: it's a win. I mean, somebody's uh Team Trump, their

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Speaker 1: day traders. I mean, you just heard the litany of

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Speaker 1: what Kelly Kelly, Kelly Connoy was saying, what they achieved

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Speaker 1: just this week. Um, I don't know. Can they keep

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Speaker 1: this going? It's hard to say. I mean, this isn't

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Speaker 1: If this was such a historic deal, there'd be pomp

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Speaker 1: and circumstances, there would be an official signing ceremony. Trump

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Speaker 1: and she would be getting together. It doesn't have all

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Speaker 1: the hallmarks of the most historic deals we've seen put

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Speaker 1: together by nations. So, Emily, does this remind you of

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Speaker 1: any other almost deals that that Trump has has put

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Speaker 1: together in the end where he seems to you know,

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Speaker 1: give in a lot of to a lot of points.

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Speaker 1: That's a good question. Um, I mean this particular one.

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Speaker 1: You know, they've been this has been something I've been

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Speaker 1: working on for a while. Uh, the negotiations that back

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Speaker 1: and forth between the U. S and China. UM, you know,

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Speaker 1: I think it is interesting. The part of the agreement

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Speaker 1: includes I think it's believe it's fifty billion that China

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Speaker 1: will buy of US agriculture products, and there are questions

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Speaker 1: being raised of exactly how China is going to do that.

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Speaker 1: I believe in the past the highest amount that they've

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Speaker 1: ever purchased, I want to say, was twenty nine billion.

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Speaker 1: Are somewhere around there, correct, close to thirty billions, So sure,

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Speaker 1: is there another twenty billion out there? What about the

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Speaker 1: I P. I mean that was always one of the

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Speaker 1: you know, the critical points of this trade deal and

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Speaker 1: one of the hardest points. And this doesn't address that

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Speaker 1: at all, does it. Well? In China's defense, they have

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Speaker 1: made progress within intellectual property rights. It's nowhere near to

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Speaker 1: the standard that we enjoy here in the United States.

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Speaker 1: And they've made commitments before. Uh, they've said they've made

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Speaker 1: commitments in this phase one deal. So that is a positive. UM.

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Speaker 1: But you know, the challenge with the pr overall is

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Speaker 1: that China literally needs to change their laws to enforce

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Speaker 1: intellection property rights, and as they move up the economic ladder,

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Speaker 1: they're obviously gonna protect that. But UM, I think the

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Speaker 1: key thing if I just read today, is that this

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Speaker 1: is a stopping you know, we de escalated the tension

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Speaker 1: between US and China and maybe going we can see

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Speaker 1: some positive engagement between the two sides. So Eli, is

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Speaker 1: this a political win in that Trump can now say

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Speaker 1: when he tries to get re elected that hey, my

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Speaker 1: trade tariffs work. Look what happened. I mean, it's all

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Speaker 1: about the headlines for him. I mean, he has headlines

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Speaker 1: today that says he won, and he gets to go

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Speaker 1: sell that case to voters voters every day every day.

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Speaker 1: Now in between this, between the China deal and the U.

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Speaker 1: S M c A, UM, he can take both of

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Speaker 1: these out to the parts of the country where he

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Speaker 1: needs to win. UM. Look, you know, the impeachment has

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Speaker 1: not dampened his approval nationwide much in fact among Republicans

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Speaker 1: has strengthened. UM. He he is not as weak as

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Speaker 1: some might think he is. UM, and a lot of

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Speaker 1: that we're seeing is being driven by the economy, and

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Speaker 1: so he needs the economy to stay good through two

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Speaker 1: to pull off a victory. I think. In also politically

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Speaker 1: in Trump's defense, I think, and you've actually even see

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Speaker 1: this what happened with Boris Johnson in the election across

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Speaker 1: the pond yesterday. Um. Trump has done a really good

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Speaker 1: job of like stealing, if you will, um, kind of

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Speaker 1: Democrat talking points. You know, in some ways, whoever wins

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Speaker 1: the nomination the Democrat Party, there's not gonna be a

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Speaker 1: lot of space between that candidate and President Trump. But

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Speaker 1: how do they want to deal with shotting to use

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Speaker 1: the tariffs? Well, in us U S M t A

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Speaker 1: in particular, we've senior Republican senator just put some distance

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Speaker 1: between themselves and Trump, and it's been some Democrats who've

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Speaker 1: been standing with him on this, which is kind of

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Speaker 1: interesting moment. Yes, I think that's gonna be interesting, especially

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Speaker 1: as we look at the Great Lake State, especially in

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Speaker 1: Michigan and how people vote there. Um, it will be

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Speaker 1: interesting how it plays out. So today, Yeah, as you said,

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Speaker 1: Eli a victory for Trump winning today, getting good headlines,

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Speaker 1: so probably positive, but looking deep inside, not really much there.

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Speaker 1: There's always a but it seems and coming up we're

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Speaker 1: gonna be talking about you brought up Boris Johnson. Uh.

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Speaker 1: Some are seeing this as a harbinger for the US

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Speaker 1: elections in twenty twenty, which can't make the Democrats very happy.

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Speaker 1: I'm June Grosso sitting in for Kevin. So really you're

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Speaker 1: listening to Bloomberg. You're listening to Bloomberg Sound On with

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Speaker 1: Kevin Shirley on Bloomberg and one all five point seven

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Speaker 1: F M A D two. I am forming a new

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Speaker 1: government and on Monday MP's will arrive at Westminster forming

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Speaker 1: new parliament. UK Prime Minister Boris Johnson is celebrating a

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Speaker 1: historic majority for his Conservative Party in parliament. President Trump

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Speaker 1: congratulated the prime minister. I've been talking with Mark Ross,

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Speaker 1: CEO of Arrical Global, Emily Wilkins, Bloomberg government congress reporter,

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Speaker 1: and Eli Yoakley political reporter for a morning consult. So Mark.

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Speaker 1: According to the Bloomberg News story, Boris Johnson was stunned

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Speaker 1: momentarily when he saw the huge victory he was going

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Speaker 1: to have. Yeah, well, the polls all indicated that the

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Speaker 1: Conservatives are going to do well. But nobody really expected

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Speaker 1: them to do so well. I mean there was ideas

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Speaker 1: that he'd come in with a majority of maybe thirty

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Speaker 1: thirty five seats, but to get close to the majority

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Speaker 1: of eighty, I mean, this is like a realignment. It's

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Speaker 1: going to change UK politics for a generation. I mean, really,

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Speaker 1: we're looking at Boris Johnson probably being Prime Minister now

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Speaker 1: for the next two terms for a decade. Um. This

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Speaker 1: is a major number um breaking down new folks coming

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Speaker 1: into the Conservative Party. So a really really big victory

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Speaker 1: for Boris Johnson for for a decade. Huh. Suppose Brexit

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Speaker 1: does not go as well as he expects. Yeah, it's

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Speaker 1: interesting with such a large so I just step back.

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Speaker 1: I think the first thing that's gonna happen is we're

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Speaker 1: definitely gonna see the UK leave the European Union on

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Speaker 1: January thirty one. That will happen. They'll you know, do

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Speaker 1: some preliminary work in December, take the holidays off, come

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Speaker 1: back and quickly move out of that. But that means, uh,

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Speaker 1: you know, we promptly start negotiations of what the future

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Speaker 1: relationship is between the United Kingdom and the European Union.

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Speaker 1: It's interesting today Angela Merkel, the German leader, said that

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Speaker 1: now England and now the United Kingdom is a competitor

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Speaker 1: on the doorstep of the European Union, almost sending a

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Speaker 1: message to maybe London and Boris Johnson, like hey, let's

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Speaker 1: find a way to work together and make sure that

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Speaker 1: this is a smooth transition, because this impacts not only

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Speaker 1: obviously what happens in England, but also in Germany, France,

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Speaker 1: Italy and I would even dare say the United States.

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Speaker 1: Tell me how he worked his magic, because with all

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Speaker 1: the problems that with Brexit, and I don't know if

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Speaker 1: if they've solved the the Irish backstop or anything along

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Speaker 1: that line, but how did he manage to convince the

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Speaker 1: people of the UK that to go forward and go

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Speaker 1: forward with him? I mean, Boris Shatnson. It's really interesting.

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Speaker 1: A year ago, who's a backbencher. That means he was

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Speaker 1: out of government, he was just like any other member

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Speaker 1: of Parliament. And now here we are, he's the prime minister,

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Speaker 1: and he's on the doorstep of being the most powerful

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Speaker 1: prime minister since Blair, and certainly the most powerful Conservative

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Speaker 1: prime minister since Margaret Thatcher. Like I said, he has

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Speaker 1: got such a big majority. Um, he'll be in for it.

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Speaker 1: Very likely he'll be in for two terms in a

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Speaker 1: decade um. I think what is really interesting is they

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Speaker 1: win after new voters that they normally hadn't gotten before.

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Speaker 1: They went into very blue, sorry, very red labor districts.

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Speaker 1: They also made the case like listen, let's get Brexit done.

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Speaker 1: That was said over and over and over again. Uh,

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Speaker 1: the Labor Party really had no clear message. Little Democrats

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Speaker 1: had no clear message. And Corbin was monumentally disastrous in

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Speaker 1: terms of his approval ratings and disapproval. I mean, you

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Speaker 1: couldn't ask for a better candidate for Boris Johns that

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Speaker 1: run against you know, some of the disapproval numbers just

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Speaker 1: for since November and Corborn high sixties sixty eight, sixty six,

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Speaker 1: sixty five, sixty eight. I mean these are monumental numbers.

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Speaker 1: But a decade though. When I hear a decade for

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Speaker 1: a political leader, I am taking aback now. This is

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Speaker 1: really I can't impress enough to our listeners, like this

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Speaker 1: is a monumental step that has happened, is a huge

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Speaker 1: inflection point, major transition. Not only is a conservative party

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Speaker 1: brought in new voters. If you listen to what Boris

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Speaker 1: Johnson was saying today, being much more conciliatory. I mean

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Speaker 1: the historic seats that they've now brought in that have

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Speaker 1: been labor seats for nearly a hundred years, that are

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Speaker 1: now part of the Conservative coalition. Uh, it was such

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Speaker 1: a large number getting past Brexit. You can really see,

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Speaker 1: uh Boris Johnson and his team really putting in place

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Speaker 1: a whole new dynamic that we haven't seen before in

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Speaker 1: British politics. And I would also say, um, just as

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00:23:14,680 --> 00:23:17,119
Speaker 1: it's been very successful, what's gonna happen in Scotland is

430
00:23:17,119 --> 00:23:20,760
Speaker 1: equally interesting. The Scottish National Party had a bang up night.

431
00:23:20,880 --> 00:23:24,679
Speaker 1: They won nearly eight of the seats in UH Scotland

432
00:23:24,800 --> 00:23:28,560
Speaker 1: and Nicolas Sturgeon, leader, there's already demanding an independent referendum.

433
00:23:28,840 --> 00:23:30,199
Speaker 1: They've made clear that they want to be a part

434
00:23:30,240 --> 00:23:32,399
Speaker 1: of the European Union. So at the same time we

435
00:23:32,480 --> 00:23:34,600
Speaker 1: have all this joy and celebration in London and what's

436
00:23:34,640 --> 00:23:38,360
Speaker 1: happened with the Conservatives winning Westminster things up north, they're

437
00:23:38,400 --> 00:23:41,640
Speaker 1: gonna be very dicey for the Johnson leadership going forward.

438
00:23:41,880 --> 00:23:45,800
Speaker 1: And already he won today. In this afternoon, I was

439
00:23:45,840 --> 00:23:50,520
Speaker 1: already seeing the debates about what this means. Is this

440
00:23:50,640 --> 00:23:56,320
Speaker 1: a harbinger for our election? Do you see similarities now?

441
00:23:56,400 --> 00:23:57,959
Speaker 1: I do that. There's a lot of people that say, oh,

442
00:23:58,000 --> 00:24:00,680
Speaker 1: there's no connection, but I think any political pro was

443
00:24:00,720 --> 00:24:03,080
Speaker 1: clearly watching the results last night. I mean, enough of

444
00:24:03,160 --> 00:24:05,760
Speaker 1: us spend time in London and friends in Westminster, so

445
00:24:06,160 --> 00:24:08,120
Speaker 1: you know, monsworing what's happening. There's a lot of folks

446
00:24:08,160 --> 00:24:10,359
Speaker 1: that work on both sides of the Atlantic Ocean on

447
00:24:10,440 --> 00:24:13,600
Speaker 1: campaigns now. And you also saw today from Larry Saboteau

448
00:24:13,600 --> 00:24:17,280
Speaker 1: of Uva, Joe Biden, even Mike Bloomberg all saying listen,

449
00:24:17,359 --> 00:24:19,639
Speaker 1: this is a warning shot if we had left somebody

450
00:24:19,680 --> 00:24:22,200
Speaker 1: who's too far to the left, Um, it's gonna be

451
00:24:22,240 --> 00:24:24,760
Speaker 1: disastrous for the Democratic Party. And like getting back, I

452
00:24:24,800 --> 00:24:27,120
Speaker 1: mean enough is not gonna be talked about. But Corbyn's

453
00:24:27,200 --> 00:24:30,240
Speaker 1: numbers are a disaster of monumental proportions. I mean, he

454
00:24:30,400 --> 00:24:33,320
Speaker 1: is so disliked. I mean you could not ask for

455
00:24:33,400 --> 00:24:36,120
Speaker 1: a better opponent for Boris Johnson. I can't repress upon that. Enough.

456
00:24:36,520 --> 00:24:39,720
Speaker 1: All right, Well we still see what happens, and we're

457
00:24:39,720 --> 00:24:43,600
Speaker 1: gonna be talking about our elections coming up here right

458
00:24:43,720 --> 00:24:46,840
Speaker 1: after this break, and just a reminder that you can

459
00:24:46,880 --> 00:24:50,040
Speaker 1: download the Bloomberg Sound On podcast on iTunes, at Bloomberg

460
00:24:50,080 --> 00:24:52,680
Speaker 1: dot com, or just by downloading the Bloomberg Business app.

461
00:24:52,720 --> 00:25:00,639
Speaker 1: I'm June Grosse. So you're listening to Bloomberg. This is

462
00:25:00,720 --> 00:25:06,000
Speaker 1: Bloomberg Sound On with Kevin Shirley on Bloomberg and one

463
00:25:06,080 --> 00:25:08,919
Speaker 1: oh five point seven f m h D two. I'm

464
00:25:09,000 --> 00:25:13,680
Speaker 1: June Grass sitting in for Kevin Crelli on this Friday evening. Well,

465
00:25:14,000 --> 00:25:19,040
Speaker 1: seven presidential candidates have qualified for the Democratic debate next week,

466
00:25:19,160 --> 00:25:22,200
Speaker 1: but will there be a debate. All of the Democratic

467
00:25:22,240 --> 00:25:26,160
Speaker 1: presidential candidates has said they will not cross a plan

468
00:25:26,320 --> 00:25:29,439
Speaker 1: picket line at the event and they'll skip the event

469
00:25:29,680 --> 00:25:33,440
Speaker 1: if there is a picket line. So my guests are

470
00:25:33,560 --> 00:25:37,560
Speaker 1: Eli Yokley, political reporter for Morning Consult, Emily Wilkins Bloomberg

471
00:25:37,640 --> 00:25:42,399
Speaker 1: Government Congress Report, and Mark Ross, CEO of Carrico. So, Eli,

472
00:25:43,320 --> 00:25:45,360
Speaker 1: it seems like the d n C just can't get

473
00:25:45,400 --> 00:25:48,240
Speaker 1: a break because this is the second time they've moved it.

474
00:25:48,320 --> 00:25:50,920
Speaker 1: Isn't they may have to move it. Yeah, we'll see

475
00:25:50,920 --> 00:25:52,320
Speaker 1: what happens in this next week. I mean, if you're

476
00:25:52,359 --> 00:25:55,080
Speaker 1: this union, this is a pretty good timing to stand

477
00:25:55,200 --> 00:25:59,040
Speaker 1: up with a strike, Um members, I think if you're

478
00:25:59,080 --> 00:26:00,960
Speaker 1: if you're a Democratic ended up for president, the last

479
00:26:01,000 --> 00:26:03,640
Speaker 1: thing you want to do and in December before an election,

480
00:26:03,800 --> 00:26:07,240
Speaker 1: is across a labor union picket lines. So they're gonna

481
00:26:07,240 --> 00:26:08,919
Speaker 1: have to figure this out in the next few days. Um,

482
00:26:09,080 --> 00:26:11,560
Speaker 1: you know, look, I would anticipite they probably will, but

483
00:26:12,320 --> 00:26:14,680
Speaker 1: you know, it's a thousand, nineteen twenty. Things are crazy.

484
00:26:15,240 --> 00:26:18,360
Speaker 1: But this this race has been has been relatively fluid.

485
00:26:18,760 --> 00:26:21,440
Speaker 1: We saw Kamala Harris since the last debate has has

486
00:26:21,520 --> 00:26:25,720
Speaker 1: dropped out. Um. All the other top candidates saw just

487
00:26:25,800 --> 00:26:27,439
Speaker 1: a little bit of an increase, but this has been

488
00:26:27,520 --> 00:26:30,479
Speaker 1: pretty pretty solid. Um, we'll see what if people are

489
00:26:30,480 --> 00:26:32,600
Speaker 1: watching this debate next week, you know we we we

490
00:26:32,720 --> 00:26:34,719
Speaker 1: just released a big project at Warning Console looking how

491
00:26:34,760 --> 00:26:36,919
Speaker 1: much voters had seen red and heard about a lot

492
00:26:37,000 --> 00:26:38,600
Speaker 1: of the news of the year, and the last couple

493
00:26:38,640 --> 00:26:41,639
Speaker 1: of debates were the list of things things that voters

494
00:26:41,680 --> 00:26:43,919
Speaker 1: is not here a lot about. These were not breaking

495
00:26:44,000 --> 00:26:48,760
Speaker 1: through to everybody overall. So um, maybe these will take

496
00:26:48,800 --> 00:26:51,359
Speaker 1: off more as we get into but at least for

497
00:26:51,359 --> 00:26:53,160
Speaker 1: these last couple of rounds, these debates have not broken

498
00:26:53,200 --> 00:26:56,400
Speaker 1: through the folks. I was gonna say, um, yeah, we're

499
00:26:56,400 --> 00:26:58,080
Speaker 1: talking about fair about that. I mean, is this a

500
00:26:58,160 --> 00:27:00,840
Speaker 1: convenient way? I don't be sit but is this a

501
00:27:00,880 --> 00:27:05,520
Speaker 1: communi way? Is this a great way for these candidates

502
00:27:05,560 --> 00:27:07,600
Speaker 1: who have campaign endlessly we're coming to the end of

503
00:27:07,600 --> 00:27:09,240
Speaker 1: the year that frankly probably want to break. Is this

504
00:27:09,280 --> 00:27:12,800
Speaker 1: a communion way to not debate. I just can't imagine

505
00:27:13,040 --> 00:27:17,160
Speaker 1: expecting them not to debate, especially if you're Andrew Gang.

506
00:27:17,600 --> 00:27:19,800
Speaker 1: Some of these are the candidates that did Amy quepa charge.

507
00:27:19,840 --> 00:27:22,000
Speaker 1: Some of these candidates that did make the debate stage,

508
00:27:22,040 --> 00:27:25,600
Speaker 1: who are not pulling very high, you cannot imagine them

509
00:27:25,640 --> 00:27:27,600
Speaker 1: not wanting to have one of these national moments. If

510
00:27:27,600 --> 00:27:29,159
Speaker 1: you're Joe Biden, it might be a different story. I

511
00:27:29,200 --> 00:27:31,720
Speaker 1: mean maybe if you're Pete Buddha judge this time around,

512
00:27:31,760 --> 00:27:34,159
Speaker 1: because I think it's his turn to get a lot

513
00:27:34,240 --> 00:27:38,920
Speaker 1: of sharp questions. Mark Um, Absolutely, I think the whole

514
00:27:39,280 --> 00:27:42,240
Speaker 1: dust stop between Elizabeth Warren and mayor Pete over you

515
00:27:42,320 --> 00:27:44,600
Speaker 1: know his work with McKenzie. You know, even this week

516
00:27:44,600 --> 00:27:46,840
Speaker 1: he's getting more protests about being well. I saw there

517
00:27:46,880 --> 00:27:49,159
Speaker 1: was a chance calling him Wall Street Pete, which I

518
00:27:49,160 --> 00:27:53,879
Speaker 1: thought was pretty um work at mackenzie long enough to

519
00:27:53,960 --> 00:27:58,240
Speaker 1: be a bad guy, I guess, But um, I don't know.

520
00:27:58,359 --> 00:28:01,240
Speaker 1: It's such such a long season, and um, I don't know.

521
00:28:01,359 --> 00:28:03,760
Speaker 1: And you're right, the numbers are down. Who's watching these debates?

522
00:28:04,119 --> 00:28:06,000
Speaker 1: I guess you know you've got activities from I'm going

523
00:28:06,040 --> 00:28:08,399
Speaker 1: to confess I didn't even watch last time because I

524
00:28:08,520 --> 00:28:14,960
Speaker 1: had impeachment fatigue. I just you know, this time, I'll

525
00:28:15,000 --> 00:28:18,800
Speaker 1: watch if it happens. But um, you also are not

526
00:28:19,119 --> 00:28:22,080
Speaker 1: seeing you know, it's they're not so lively most of

527
00:28:22,160 --> 00:28:25,800
Speaker 1: the time. Well that's allowing because I think they're actually

528
00:28:26,160 --> 00:28:30,040
Speaker 1: uh serious discussions on like maybe the last recycle with

529
00:28:30,119 --> 00:28:34,879
Speaker 1: the Republicans, uh, legitimate discussions about serious policy, which can

530
00:28:34,960 --> 00:28:38,040
Speaker 1: be a little tedious at times. My my hope as

531
00:28:38,080 --> 00:28:40,720
Speaker 1: a reporter and somebody who enjoys the processes, we talk

532
00:28:40,760 --> 00:28:43,080
Speaker 1: about something else this time. I mean, a lot of

533
00:28:43,080 --> 00:28:46,920
Speaker 1: the questions the same. Well, it's been a lot of

534
00:28:46,920 --> 00:28:48,920
Speaker 1: the same questions so far. I mean, we've asked the

535
00:28:48,960 --> 00:28:51,400
Speaker 1: same questions about medicare for all the whole time. We

536
00:28:51,480 --> 00:28:53,400
Speaker 1: haven't talked a lot about climate change, one of these

537
00:28:53,440 --> 00:28:56,480
Speaker 1: issues that really drives the conversation for young voters, questions

538
00:28:56,520 --> 00:28:59,920
Speaker 1: evolving African American issues have really not taken the forefront

539
00:29:00,040 --> 00:29:06,320
Speaker 1: than women. What about the court a few questions. Things

540
00:29:06,360 --> 00:29:08,719
Speaker 1: are getting very very serious now. I think people can

541
00:29:08,800 --> 00:29:12,520
Speaker 1: see with the importance of the next justice. Yeah, it's

542
00:29:12,520 --> 00:29:15,520
Speaker 1: made up a pretty small chunk of debate questions so far.

543
00:29:15,560 --> 00:29:18,440
Speaker 1: We dropped a big study on this a few weeks ago. Actually, um,

544
00:29:18,520 --> 00:29:20,440
Speaker 1: it's not something moderators have spent a lot of time

545
00:29:20,520 --> 00:29:22,920
Speaker 1: looking into. But um, you do have the prospect of

546
00:29:22,960 --> 00:29:24,520
Speaker 1: the next couple of years there will be a Supreme

547
00:29:24,600 --> 00:29:28,200
Speaker 1: Court seat opening up. You've seen even now democratic abacy

548
00:29:28,240 --> 00:29:31,160
Speaker 1: groups come out and ask ask the Democratic candidates to

549
00:29:31,240 --> 00:29:33,040
Speaker 1: do what Trump did about a list of names at

550
00:29:33,040 --> 00:29:35,120
Speaker 1: a point of the court. So there is definitely an

551
00:29:35,520 --> 00:29:38,280
Speaker 1: activist push for that. But something of the healthcare might

552
00:29:38,280 --> 00:29:41,080
Speaker 1: be kind of interesting. Emily, Let's let's turn to Congress

553
00:29:41,160 --> 00:29:43,360
Speaker 1: for a moment um. And there's been a lot of

554
00:29:43,440 --> 00:29:48,600
Speaker 1: talk during the impeachment debates about Democrats losing the majority

555
00:29:48,680 --> 00:29:52,680
Speaker 1: in Congress because of impeachment. Sure, I mean that's something

556
00:29:52,800 --> 00:29:55,360
Speaker 1: that I think Republicans are definitely trying to scare up.

557
00:29:55,400 --> 00:29:57,360
Speaker 1: And I have to imagine that would be something in

558
00:29:57,400 --> 00:29:59,600
Speaker 1: the back of the mind of a lot of moderate Democrats.

559
00:29:59,680 --> 00:30:03,800
Speaker 1: I mean remember in Democrats flipped forty one seats. They

560
00:30:03,880 --> 00:30:07,840
Speaker 1: also won thirty one seats in districts that had voted

561
00:30:07,880 --> 00:30:11,520
Speaker 1: for Trump in ten and so many of these lawmakers

562
00:30:11,600 --> 00:30:14,240
Speaker 1: are trying to now weigh whether they're going to support

563
00:30:14,400 --> 00:30:18,440
Speaker 1: impeaching a president that their constituents voted for. The Last

564
00:30:18,480 --> 00:30:21,600
Speaker 1: time that we did the impeachment process vote, this was

565
00:30:21,680 --> 00:30:25,680
Speaker 1: the other month you only saw two two Democrats decided

566
00:30:25,680 --> 00:30:28,280
Speaker 1: to oppose going forward. That was Jeff and Andrew of

567
00:30:28,360 --> 00:30:32,200
Speaker 1: New Jersey and Colin Peterson of Minnesota. This time you

568
00:30:32,520 --> 00:30:35,239
Speaker 1: might see more. There's been some discussion that there might

569
00:30:35,280 --> 00:30:38,400
Speaker 1: be additional names, although at this point we haven't seen any.

570
00:30:38,480 --> 00:30:40,680
Speaker 1: We spoke with a lot of lawmakers before they left

571
00:30:40,720 --> 00:30:42,760
Speaker 1: for the weekend. They said they were going to take time,

572
00:30:42,800 --> 00:30:44,440
Speaker 1: they were going to review the documents, they were going

573
00:30:44,480 --> 00:30:46,520
Speaker 1: to talk to constituents, they were going to prey on it.

574
00:30:46,920 --> 00:30:49,720
Speaker 1: So we'll see, I think when they come back Monday,

575
00:30:50,120 --> 00:30:52,840
Speaker 1: or even before then, what their final decisions are. We've

576
00:30:52,840 --> 00:30:54,800
Speaker 1: already seen a number of some of these moderate Democrats

577
00:30:54,840 --> 00:30:57,880
Speaker 1: start coming out in favor of impeachment articles, and so um,

578
00:30:58,160 --> 00:31:00,000
Speaker 1: this is I think we're going to be a united

579
00:31:00,120 --> 00:31:02,480
Speaker 1: more of uniting vote than a dividing vote for House Democrats.

580
00:31:02,880 --> 00:31:05,959
Speaker 1: The political perils the question that's still open. Although right

581
00:31:06,040 --> 00:31:08,720
Speaker 1: now um over a year out or less than a

582
00:31:08,800 --> 00:31:11,160
Speaker 1: year out, we're seeing Democrats leading on the generic ballot

583
00:31:11,160 --> 00:31:14,720
Speaker 1: in a big way. And so I look, elections the

584
00:31:14,800 --> 00:31:17,080
Speaker 1: issues that matter, and elections are often decided in October

585
00:31:17,160 --> 00:31:19,880
Speaker 1: and September of the year. Um impeachment is probably a

586
00:31:19,920 --> 00:31:21,920
Speaker 1: little bit different, but so we can't forget about what's

587
00:31:21,960 --> 00:31:25,360
Speaker 1: to come. The New York Times is reporting that President

588
00:31:25,440 --> 00:31:30,560
Speaker 1: Trump is considering talking with his advisors about sitting out

589
00:31:31,040 --> 00:31:35,400
Speaker 1: the general election debates. In He says it's because of

590
00:31:35,440 --> 00:31:39,560
Speaker 1: the misgivings about the commission that oversees them. So Mark,

591
00:31:40,480 --> 00:31:42,320
Speaker 1: that would mean that we don't need a great debater

592
00:31:42,400 --> 00:31:45,760
Speaker 1: or for the Democratic candidate. Yeah, And going back to

593
00:31:45,840 --> 00:31:48,320
Speaker 1: the other side of the pond. During the UK elections,

594
00:31:48,640 --> 00:31:51,600
Speaker 1: Boris Shotson famously sat out an interview with Andrew Neil,

595
00:31:51,640 --> 00:31:54,800
Speaker 1: who's one of the legends of interviewing there with the BBC,

596
00:31:55,400 --> 00:31:57,240
Speaker 1: and that was seen, as you know obviously about the

597
00:31:57,320 --> 00:32:01,080
Speaker 1: London press lead as being totally outrageous and undignified. But

598
00:32:01,280 --> 00:32:03,960
Speaker 1: it didn't impact Boris Johnson one bit. And I think

599
00:32:03,960 --> 00:32:06,480
Speaker 1: it's a real testament that, you know, the structure of

600
00:32:06,560 --> 00:32:08,520
Speaker 1: what's kind of done in the past, it doesn't really

601
00:32:08,560 --> 00:32:11,280
Speaker 1: matter engage in the press. I mean Trump any given time,

602
00:32:11,320 --> 00:32:13,560
Speaker 1: sending out a hundred plus tweets in a day. His

603
00:32:13,680 --> 00:32:17,080
Speaker 1: ability to command the media attention. Uh, debating in some

604
00:32:17,200 --> 00:32:20,160
Speaker 1: ways doesn't really get him anything. Uh, you're already seen

605
00:32:20,240 --> 00:32:22,320
Speaker 1: less people watch. I don't know, it's an interesting strategy.

606
00:32:22,360 --> 00:32:24,200
Speaker 1: I don't think you know, it's not gonna hurt him

607
00:32:24,600 --> 00:32:27,320
Speaker 1: with his voters and his his supporters. It's gonna hurt

608
00:32:27,400 --> 00:32:29,719
Speaker 1: him maybe with suburban of matter. It's but that might

609
00:32:29,760 --> 00:32:32,280
Speaker 1: not matter. And he tested these political norms before him,

610
00:32:32,280 --> 00:32:34,440
Speaker 1: and we still haven't seeing Trump's tax returns. He does

611
00:32:34,480 --> 00:32:36,440
Speaker 1: not go out and shake votors hands very often. He

612
00:32:36,880 --> 00:32:40,200
Speaker 1: hasn't done a town hall since when UM. Look that

613
00:32:41,040 --> 00:32:43,640
Speaker 1: it's hard to expect him skipping these because we you

614
00:32:43,800 --> 00:32:47,080
Speaker 1: know that he loves to fight UM. But folks haven't

615
00:32:47,080 --> 00:32:49,600
Speaker 1: seem to care yet that he's ignoring these norms. But

616
00:32:49,680 --> 00:32:52,480
Speaker 1: it's also a testament any given time Trump can say

617
00:32:52,560 --> 00:32:54,360
Speaker 1: something and we all go chase it and like it's

618
00:32:54,400 --> 00:32:55,760
Speaker 1: something we have to talk about. I mean, they are

619
00:32:55,840 --> 00:33:00,920
Speaker 1: truly the masters of being like, let's distract everybody today. Distraction,

620
00:33:01,120 --> 00:33:06,360
Speaker 1: definitely distraction. And also he's great at giving people names,

621
00:33:07,160 --> 00:33:10,280
Speaker 1: you know, little names that that that seemed to stick

622
00:33:10,360 --> 00:33:13,000
Speaker 1: with them for a long time. So we shall see

623
00:33:13,040 --> 00:33:15,480
Speaker 1: what happens. And just to reminder, the Supreme Court is

624
00:33:15,520 --> 00:33:19,480
Speaker 1: going to be considering whether those those financial records and

625
00:33:19,600 --> 00:33:23,640
Speaker 1: tax returns are going to be revealed to Congress or

626
00:33:23,760 --> 00:33:29,240
Speaker 1: to one of the Manhattan da who is investigating Trump.

627
00:33:29,680 --> 00:33:32,680
Speaker 1: So that does it for this Friday. Thank you all.

628
00:33:33,080 --> 00:33:36,719
Speaker 1: That's Mark Cross, CEO of Charrical Global, Eli Yokley political

629
00:33:36,760 --> 00:33:40,320
Speaker 1: reporter for Morning Morning Consult and our own Emily Wilkins

630
00:33:40,360 --> 00:33:44,560
Speaker 1: Bloomberg Government Congress reporter. That does it for this edition

631
00:33:44,600 --> 00:33:47,400
Speaker 1: of Sound On. Kevin Sir, really will be back with

632
00:33:47,600 --> 00:33:51,120
Speaker 1: you on Monday. I'm June Grosso. Have a great weekend,

633
00:33:51,200 --> 00:33:55,040
Speaker 1: and remember download the Bloomberg Sound On podcast on iTunes

634
00:33:55,120 --> 00:33:58,880
Speaker 1: at Bloomberg dot com or by downloading the Bloomberg Business app.

635
00:33:59,320 --> 00:34:01,600
Speaker 1: You're listening to Bloomberg ninety nine one