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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the

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Speaker 1: Bloomberg Balance of Power podcast. Catch Just Live weekdays at

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Speaker 1: noon Eastern on applecarplaying Thenroudo with the Bloomberg Business app.

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Speaker 1: Listen on demand wherever you get your podcasts, or watch

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Speaker 1: us live on YouTube.

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Speaker 2: You Happy Friday, Charlie. The earthquake was no lie, huh.

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Speaker 3: You guys got four point eight indeed, and I want

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Speaker 3: to know what did you think it was a truck

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Speaker 3: going buyer?

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Speaker 2: Did you actually all the above?

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Speaker 4: Now, first of all, just to be clear, did you

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Speaker 4: guys feel it in Washington?

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Speaker 3: Not at all, although I was surprised to see this

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Speaker 3: stoppage at b Wy.

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Speaker 4: Yeah, and that probably has to do with the fact

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Speaker 4: that you want to halt the planes there so they're

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Speaker 4: not flying to New York area airports. But it was

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Speaker 4: funny because on Third Avenue here in New York City,

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Speaker 4: I thought that it could have been a truck. My

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Speaker 4: office is right up against Third Avenue, or I thought

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Speaker 4: it could have been a subway or somebody in the

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Speaker 4: office rolling equipment around. But I watched my microphone just

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Speaker 4: shaking for about thirty seconds.

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Speaker 2: How about that? Well, I'm glad.

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Speaker 3: Everybody's all right. It's the kind of thing that will

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Speaker 3: rally and keep you talking through the day. I mean, look,

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Speaker 3: is the strongest earthquake in one hundred and forty years.

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Speaker 3: I guess that's saying something in New York, Charlie, stay

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Speaker 3: safe for crying out loud to find a doorway. Here

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Speaker 3: in Washington, the earth did not shake today, although we

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Speaker 3: did get jobs data that might have made you think

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Speaker 3: so around eight thirty in the morning. By the way,

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Speaker 3: I should mention before we pivot the jobs here, Mayor

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Speaker 3: Eric Adam is going to be talking soon. We will

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Speaker 3: bring you live remarks from the Mayor when he tells

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Speaker 3: us it's time to go here this hour part of

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Speaker 3: our coverage that we always promise you on Bloomberg Radio,

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Speaker 3: on the satellite, and on YouTube.

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Speaker 2: So how about these numbers. This is remarkable.

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Speaker 3: Payrolls up by the most at almost a year, three

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Speaker 3: hundred and three thousand. We talked to Molly Smith just

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Speaker 3: twenty four hours ago about a potential two hundred thousand.

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Speaker 3: Reading Now, this makes for a great statement from the

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Speaker 3: White House. Right, Bidenomics is working bottom up, middle out

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Speaker 3: strongest jobs numbers that even Wall Street can't seem to predict.

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Speaker 3: The problem is the potential for the Fed to just

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Speaker 3: keep interest rates ever higher, ever longer. And that's where

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Speaker 3: we start our conversation today with Lindsay Owens.

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Speaker 2: Have been looking forward to this.

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Speaker 3: She's executive director of the Groundwork Collaborative, having spent time

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Speaker 3: as senior economic policy advisor to Senator Elizabeth Warren. It

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Speaker 3: is this unique perspective that I'm interested in today. Lindsay,

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Speaker 3: thank you for being with us. It's good to have

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Speaker 3: you on Bloomberg. If I have to interrupt us because

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Speaker 3: of Eric Adams, forgive me in advance here. I'm really

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Speaker 3: curious to know what you think about this job market

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Speaker 3: that sure looks like a runaway train despite an historic

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Speaker 3: series of interest rate hikes that many progressive Democrats thought

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Speaker 3: would destroy the job market. How would you describe this

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Speaker 3: moment we're in.

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Speaker 5: I mean, today's report was really incredible. There is really

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Speaker 5: no way to characterize this job's market than to say

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Speaker 5: it's incredibly strong. Right, three hundred and three thousand jobs created,

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Speaker 5: the labor force participation rate increasing, folks coming in off

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Speaker 5: the sidelines, wages growing, wages beating prices on the year,

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Speaker 5: and the unemployment rate ticking down again. We've now had

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Speaker 5: well over two years of unemployment below four percent. I

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Speaker 5: think what we're seeing here is a full employment economy.

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Speaker 5: And how do you get a full employment economy. You

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Speaker 5: get a full employment economy with good fiscal policy and

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Speaker 5: strong investment in the American economy. And that's what Congress

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Speaker 5: has done, and that's what President Biden has done over

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Speaker 5: the last four years. We got those great investments in

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Speaker 5: the American Rescue Plan, keeping money in folks pockets, helping

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Speaker 5: them weather the worst of the pandemic and be ready

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Speaker 5: to come back to work when the economy reopened. And

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Speaker 5: we've seen additional investments in supply and productive capacity which

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Speaker 5: have helped this economy Expand don't forget GDP is growing.

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Speaker 5: The economy is expanding because of those investments and because

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Speaker 5: the American worker is in a strong place and has

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Speaker 5: purchasing power.

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Speaker 2: Well, so is J. Powell the maestro in this case?

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Speaker 3: Or is there still time for high interest rates to

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Speaker 3: damage this market? We've got people talking about now maybe no.

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Speaker 2: Cuts this year.

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Speaker 5: Yeah. I think you're asking a really important question, which

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Speaker 5: is are is inflation coming down because of Chair pal

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Speaker 5: and the Fed or despite Chair pal and the FED,

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Speaker 5: this isn't a question that I think we can answer

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Speaker 5: definitively today, but I would suggest we do have some

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Speaker 5: illustrative evidence. So the first thing we know about how

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Speaker 5: rate hikes are supposed to cool inflation, is they cool demand,

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Speaker 5: which means they make us all a little poorer. I

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Speaker 5: think what we're seeing in the labor market is that

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Speaker 5: there is not a sign of demand destruction. We don't

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Speaker 5: have a high unemployment, we don't have workers seeing you know,

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Speaker 5: slower wage growth or being laid off. So I think

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Speaker 5: there's there's not great evidence that this is a sort

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Speaker 5: of pal Maestro story. Instead, I think we're starting to

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Speaker 5: see evidence that this is really a supply expansion story

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Speaker 5: in some of the places where you know, costs are

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Speaker 5: coming down, quantities are going up. So I think the question,

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Speaker 5: you know, which will take a little longer to unwind,

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Speaker 5: is whether or not this really is a supply expansion

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Speaker 5: story and not a demand destruction story. And you know,

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Speaker 5: if it is a supply expansion story, then I think

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Speaker 5: the FED has actually room to come off these punishingly

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Speaker 5: high interest rates and to start, you know, potentially cutting

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Speaker 5: sooner than they have suggested, Yeah.

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Speaker 3: Well, of course, as Jpell would tell you, it's the

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Speaker 3: work that they've done with the FED, the reason why

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Speaker 3: families are able to go forward without higher inflation.

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Speaker 2: This is really something though.

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Speaker 3: The unemployment rate down to three point eight percent, participation

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Speaker 3: is up there. One exception, Lindsay, I want to ask

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Speaker 3: you about that's worth discussing here the black jobless rate

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Speaker 3: skyrocketing in March here to six point four percent. This

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Speaker 3: is a political problem for Joe Biden, it's an economic

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Speaker 3: problem as well.

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Speaker 2: What does he do about it?

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Speaker 5: Yeah, I mean, look, I'd be a little concerned about

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Speaker 5: indexing on one month of that number. In general, what

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Speaker 5: we should see in a full employment economy and a

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Speaker 5: labor market this strong is actually a real strengthening of

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Speaker 5: the labor market for black workers, for women, for older workers,

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Speaker 5: for workers with maybe criminal records or spottier work histories.

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Speaker 5: When the labor market tightens up, that's usually when workers

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Speaker 5: who employers might discriminate against in sort of looser labor

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Speaker 5: market conditions bring folks off the sidelines. And so it

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Speaker 5: is a little surprising to me to see that number

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Speaker 5: tick up, And you know, I'd want to see a

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Speaker 5: couple more month of data.

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Speaker 3: Yeah, the trend is is pretty clear though, even when

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Speaker 3: you look at the three month average, which which removes

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Speaker 3: a lot of that volatility. To your point, we're at

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Speaker 3: five point eight percent from five point four percent.

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Speaker 2: Where should that number be?

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Speaker 5: Yeah, I would, I mean, I would expect that number

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Speaker 5: to be considerably lower. Historically, we see, you know, a

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Speaker 5: black white unemployment gap of about two to one, and

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Speaker 5: then when the labor market is a bit tighter, we

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Speaker 5: see that we see that gap decline.

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Speaker 3: Lindsay Owens, thank you for being with us from the

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Speaker 3: Groundwork Collaborative.

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Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Can

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Speaker 1: just live weekdays at noon Eastern on Applecarplay and then

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Speaker 1: roud Oto with a Bloomberg Business app. You can also

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Speaker 1: Just Say Alexa play Bloomberg eleven thirty.

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Speaker 6: I am Kayley Liones in Washington alongside Joe Matthew on

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Speaker 6: Bloomberg Television and Radio and of course Joe domestically. Jobs

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Speaker 6: Day always a big deal and something that President Biden

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Speaker 6: can take a victory lap on, as we've now crossed

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Speaker 6: fifteen million jobs created I saw that under his administration,

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Speaker 6: but he's not having as much ease with everything else,

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Speaker 6: including the geopolitical situation and the relationship he is trying

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Speaker 6: to navigate with Benjamin Etnia who in the Israeli government.

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Speaker 3: Well, that's for sure, and I got a lot more

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Speaker 3: complicated this week with the missile strikes against World's Central Kitchen.

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Speaker 3: That really seemed to change the tenor of the conversation

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Speaker 3: as he met yesterday with Benjamin Eetniah, who interesting though

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Speaker 3: by the end of the day, Kaylee, we were talking

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Speaker 3: about at least one of the gates being opened into

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Speaker 3: Gaza to allow AID to allow food trucks to get in,

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Speaker 3: and that might be the beginning of a cascade, which,

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Speaker 3: by the way, Benjamin Ettia, who is being criticized for

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Speaker 3: from his right in Israel.

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Speaker 6: Facing domestic pressures of his own. We actually spoke earlier

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Speaker 6: today with Cindy McCain, the executive director of the United

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Speaker 6: Nations World Food Program. We did ask her about that

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Speaker 6: eras crossing being open, but we began with what Joe

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Speaker 6: was alluding to the deaths of seven World Central Kitchen

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Speaker 6: AID workers earlier this week, and whether or not that

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Speaker 6: meant the World Food Program would rethink its own operations

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Speaker 6: in Gaza. This is what she told us.

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Speaker 7: WP has no intention of pausing right now at all.

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Speaker 7: We are there, We're staying in and we need obviously,

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Speaker 7: as you know, to what occurred today, we hopefully will

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Speaker 7: have the ability to get more trucks in and more

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Speaker 7: aid in as a result of the changes that are

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Speaker 7: being made, we'll see.

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Speaker 3: The headlines this week have been sobering, Director, as you

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Speaker 3: well know, not only World Central Kitchen, the UN says

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Speaker 3: one hundred and sixty five relief workers have been killed

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Speaker 3: in this conflict, making it the deadliest ever for relief workers.

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Speaker 3: You've described the impossible task in your words, of getting trucks,

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Speaker 3: particularly to the north, to those who need food in Gaza.

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Speaker 3: I'm wondering what you hear from Israel when they turn

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Speaker 3: your trucks around, what the communication is like, and how

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Speaker 3: do they justify not letting you in.

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Speaker 7: Well, first of all, my heart goes out to World

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Speaker 7: Central Kitchen. I know exactly how that feels, because I've

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Speaker 7: lost people on my watch too, and so I pray

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Speaker 7: for them every day, and I pray for Jose's strength

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Speaker 7: and all this It's been a frustrating go for us,

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Speaker 7: because it's been start and stop and start and stop.

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Speaker 7: We've had Sometimes we can get some a few trucks in.

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Speaker 7: Sometimes we can't. Sometimes we're given permission and not let go.

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Speaker 7: There's no organization or coordination to it, and it's still

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Speaker 7: too little. What we need and hopefully this will give

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Speaker 7: it to us is more access. Right now, there's one

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Speaker 7: point one million people who are starving to death. Famine

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Speaker 7: is eminent. So it is imperative that we get as

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Speaker 7: many trucks as possible north, especially to be able to

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Speaker 7: stave off this famine. And we've got to do it now.

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Speaker 7: We can't wait. The waiting has got to be done.

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Speaker 7: We've got to get this going. It's too desperate not to.

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Speaker 6: What we have seen Israel make some changes is you've

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Speaker 6: alluded to. Just in the last twenty four hours, the

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Speaker 6: Era's border crossing has now been opened. How immediate will

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Speaker 6: the impact of that opening be. How much further will

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Speaker 6: that go to getting you to scale in terms of

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Speaker 6: the distribution you are attempting to achieve.

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Speaker 7: Well, I'm hopeful it will help for this reason, because

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Speaker 7: you know, there's a great deal of prioritization that takes

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Speaker 7: place and a lot of you know, the Israelis X

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Speaker 7: ray everything and they make sure that their trucks only

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Speaker 7: are carrying food on board, which I understand, but we

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Speaker 7: have to be able to do that in a much

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Speaker 7: more efficient fashion and in a faster fashion. Things are

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Speaker 7: held up. The gates have to be left open longer.

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Speaker 7: They can't leave them open from eight to six or

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Speaker 7: eight to five, whatever it is, and then randomly close

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Speaker 7: them when they feel like it. This is it's too important,

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Speaker 7: and more importantly being having more access internally. We have

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Speaker 7: been using the fence road is what we call it,

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Speaker 7: along the eastern border of Gaza, and as you know,

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Speaker 7: there's a middle road and a beach road as well.

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Speaker 7: All these routes need to be safe, they need to

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Speaker 7: be unfettered, and we need to be able to travel

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Speaker 7: on them and a safe and in a safe fashion,

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Speaker 7: but also remembering our humanitarian principles along the way and

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Speaker 7: deliver food in a principal fashion.

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Speaker 3: Can we put a finer point on this, Director McCain,

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Speaker 3: If you're getting one one hundredth of the food in

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Speaker 3: that's needed, I believe that's what your most recent measurement was.

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Speaker 3: Is it Israel or Hamas that's blocking your trucks.

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Speaker 7: Well, Israel is in charge, so it's it's Israel's blocking

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Speaker 7: the trucks or has been blocking the trucks. So I

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Speaker 7: mean with that it's their checkpoints where we get turned around.

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Speaker 7: And yes, there have been some instances where the trucks

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Speaker 7: were looted, where we got stuck in a crowd, where

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Speaker 7: things were not vetted properly for us, and tragedies occurred

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Speaker 7: as a result of that, and we don't want any

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Speaker 7: more of that. Our whole goal is to get food

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Speaker 7: in feed people as fast as we possibly can.

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Speaker 6: Well, as you say, Director that you're being stopped at checkpoints,

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Speaker 6: so it's what I would believe would be IDF personnel

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Speaker 6: that are actually manning those checkpoints. Do you see a

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Speaker 6: breakdown and inconsistency with the communication you're getting at the

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Speaker 6: higher levels of the Israeli government as to what you

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Speaker 6: should be able to do versus what's actually happening on

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Speaker 6: the ground. Who is it directly that you communicate with

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Speaker 6: and are they saying the same things?

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Speaker 7: It all ends well, we have our obviously have our

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Speaker 7: contacts within COCAT and within the IDEF as well as

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Speaker 7: the political side of it. All those all of those

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Speaker 7: bodies play at play a part of this. In many

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Speaker 7: ways they've been they've been helpful. In a lot of

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Speaker 7: ways they haven't been. So what we are asking for

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Speaker 7: is consistency and the unfettered access, as I said, and

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Speaker 7: the ability to move in through more not more gates,

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Speaker 7: but ports. Also, as I mentioned earlier, the port of

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Speaker 7: Ashtot is extremely important to being able to deliver food

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Speaker 7: to the North.

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Speaker 3: There are many other areas around the world. I know

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Speaker 3: the program is working in that we want to ask

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Speaker 3: you about Director McCain, but in terms of Gaza finally

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Speaker 3: knowing that the World Food Kitchen has stopped its deliveries

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Speaker 3: and narrow another group has as well, can the World

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Speaker 3: Food Program fill the gap left by those departures.

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Speaker 7: We listen, it's not about filling the gap. We need

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Speaker 7: everybody in there. But yes, if you're asking we can

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Speaker 7: get to scale, yes we can. Right now we have

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Speaker 7: food a mass outside the gates and on the border,

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Speaker 7: enough to feed one point one million people for three months.

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Speaker 7: We need to get in. So it's not about any

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Speaker 7: anybody taking anybody's spot or anything like that. We all

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Speaker 7: work together in a good way. We need to get in,

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Speaker 7: We need to get it now.

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Speaker 3: Pragmatic take from Cindy McCain, now the executive director of

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Speaker 3: the UN's.

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Speaker 2: World Food Program.

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Speaker 3: I'm Joe Matthew and Washington alongside Kaylee Lines. She was

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Speaker 3: in Rome for that conversation. Kaylee marking her first year

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Speaker 3: in what is a much more difficult and complex job,

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Speaker 3: and she had as ambassador to the Vatican. Really interesting

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Speaker 3: to hear her deal with reality though. This is somebody

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Speaker 3: who's on the phone with the stakeholders, not armchair quarterbacking

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Speaker 3: from the US.

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Speaker 6: Absolutely, and as you mentioned, she's now a year in

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Speaker 6: two her tenure as director of this program, almost exactly

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Speaker 6: half of that has been marked by conflict between Israel

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Speaker 6: and Hamas in Gaza. She took the helm on April

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Speaker 6: fifth of twenty twenty three, and we all know what

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Speaker 6: happened by October seventh and everything that has happened since.

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Speaker 6: And of course it seems that there has been a

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Speaker 6: tone shift this week, or at least something fundamentally has

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Speaker 6: changed after the deaths of those seven humanitarian aid workers.

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Speaker 6: And we know that President Biden has some sharp words

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Speaker 6: for Netanyahu, at least per the readout we got from

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Speaker 6: the White House on their conversation on the matter yesterday.

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Speaker 3: Yeah, and we're still trying to figure the extent to

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Speaker 3: which they'll be reaction from that meeting you mentioned in

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Speaker 3: our conversation with Cinney McCain in the opening of the

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Speaker 3: Eras Gate. We'll see if others follow and add the

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Speaker 3: voice of Hagar Shamali.

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Speaker 2: I'm glad to.

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Speaker 3: Say she's with us in Washington today, a rare treat

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Speaker 3: for as former director for Syria and Lebanon the National

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Speaker 3: Security Council now Greenwich Media Strategy. Is great to see

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Speaker 3: Huggar in Washington. Thanks for having me, Welcome back to

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Speaker 3: the conversation. Of course, this is becoming more difficult, it

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Speaker 3: seems by the hour, as Iran now promises retaliation against

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Speaker 3: Israel and telling the US to get out of the way,

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Speaker 3: even as we try to bring aid into Gaza.

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Speaker 2: How can all of this happen at once.

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Speaker 8: It's certainly getting very tense, and you do you feel

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Speaker 8: blood boiling, if you will, But Iran is very used

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Speaker 8: to bluster. We're used to that that we at the

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Speaker 8: end of the day, the United States assassinated their top commander,

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Speaker 8: Costum Soulimani, their top general, and they promised a retaliation,

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Speaker 8: and there were some plots that were very unphisticated that

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Speaker 8: were planned. They had plotted to assassinate by Pompeio former

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Speaker 8: Secretary of State, They had plotted to assassinate the former

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Speaker 8: Ambassador of South Africa, lau A Marx, and they were

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Speaker 8: all foiled because they're very unsophisticated in their plots and

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Speaker 8: instead they seek to do things through proxies, and so

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Speaker 8: that bluster I would look at more as them communicating

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Speaker 8: to their people, because they need to show their their

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Speaker 8: own domestic audience that if they're their own compound, which

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Speaker 8: is Iranian territory, if they're if they're Iranian territory is attacked,

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Speaker 8: that they've got you know, they're flexing their muscles, that

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Speaker 8: they're going to react and that they're gonna they're gonna

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Speaker 8: do justice. But I expect the response really to be

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Speaker 8: through their proxies.

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Speaker 6: Well, what's interesting about what you're saying, Hugar, Essentially that

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Speaker 6: Iran needs to message domestically. President Biden needs to message

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Speaker 6: direct domestically as well, which is perhaps why we have

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Speaker 6: seen the languide shift that that we have him suggesting

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Speaker 6: that US policy toward Israel might change if they don't

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Speaker 6: see changes from Israel that they would like to see.

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Speaker 6: Is Iran not likely to take note of that, though,

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Speaker 6: because okay, going after the US, the United States of

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Speaker 6: America is one thing, going after Israel. When you think

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Speaker 6: US support for Israel is perhaps more in question, is

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Speaker 6: it more likely that we actually could see something more

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Speaker 6: significant from Iran in this moment.

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Speaker 8: I don't think so because Iran. I really don't think so,

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Speaker 8: because Iran, first of all, they do they pay very

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Speaker 8: close attention, like you said, to what happens in the US,

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Speaker 8: how the relationship is between the US and Israel, and

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Speaker 8: how the US reacts. And that's why, for example, two

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Speaker 8: months ago, when the US targeted over eighty five targets

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Speaker 8: in Iraq and Syria against following that attack against our

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Speaker 8: outpost in Jordan that killed three American service members, Iranian

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Speaker 8: officials told those Iran backed groups not to pursue any

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Speaker 8: more attacks and to avoid American fatalities, but that they

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Speaker 8: would expect the activity coming from Hubela and Lebanon and

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Speaker 8: the Huthis and Yemen to continue. And that's what you saw.

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Speaker 8: But there is a difference between shifts in policy or

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Speaker 8: evolutions in policy and a change in the alliance between

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Speaker 8: the US and Israel. And I don't expect that to change.

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Speaker 8: Making a country an ally, which Israel has in a

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Speaker 8: non NATO ally of the United States since nineteeny seven

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Speaker 8: is a significant deal. And the reason is that it's

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Speaker 8: a mutually beneficial relationship. Now right now, there are liabilities

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Speaker 8: to that relationship. The foreign terror threat here has grown.

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Speaker 8: You've certainly got a liability that President Biden is facing

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Speaker 8: as he approaches the election. But that said, and I

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Speaker 8: can tell you this because I work very closely with

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Speaker 8: the Israeli government, particularly when Hamas was in my portfolio

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Speaker 8: at the Treasury Department in counter terrrist financing, and the

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Speaker 8: intelligence they provide to US is not only helpful to

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Speaker 8: achieve our counter terrorism or national security objectives, but also

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Speaker 8: to achieve our homeland security objectives. A lot of that

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Speaker 8: intelligence protects US back home as well. And so I

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Speaker 8: don't expect that alliance to change. But making aid conditional,

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Speaker 8: that is how aid should go, in my opinion, whether

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Speaker 8: it's Israel or another friend or ally or partner. And

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Speaker 8: so that's something you ron watched, But I do believe

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Speaker 8: that Iran knows that if they went after Israel, the

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Speaker 8: US would ultimately be there.

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Speaker 3: Well, there you go with that said, opening one border crossing,

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Speaker 3: a single border crossing is a start. It's a noteworthy headline.

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Speaker 3: What should we expect? What do you expect to see

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Speaker 3: following that meeting yesterday? Knowing that Benjamin Etya, who's dealing

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Speaker 3: with pushback in his own country from the right for

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Speaker 3: cow towing, as they say to.

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Speaker 8: Joe Biden, right, Israel's well, like any countries, is unique,

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Speaker 8: has many numerous perspectives, and you feel right now we're

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Speaker 8: expectings to head is increased pressure on getting to an

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Speaker 8: immediate ceasefire, even if that ceasefire is temporary. And you

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Speaker 8: do see that and those talks continue, you have a

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Speaker 8: lot of drama obviously, and individuals storming out. Israeli say

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Speaker 8: that they're still angry at the United States for abstaining

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Speaker 8: on the UN Security Council resolution that was I believe

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Speaker 8: only ten days ago would have asked that asked for

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Speaker 8: a ceasefire during the month of Ramadan, which ends next week,

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Speaker 8: by the way, So they're angry about that, but they're

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Speaker 8: still involved in those talks because at the same time

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Speaker 8: they want the hostages released, or at least some immediate

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Speaker 8: hostages released. So I expect pressure to increase there, but

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Speaker 8: I don't expect us to face a permanent ceasefire anytime soon.

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Speaker 6: Well, as we talk about the ceasefire negotiations, obviously it's

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Speaker 6: not just Israel and Hamas. The US is involved, Egypt's involved,

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Speaker 6: Cutter is involved in Israel's economy, and Minister joined Bloomberg

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Speaker 6: yesterday talking about how essentially they don't trust the Kataris either,

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Speaker 6: in addition to Hamas, how should we be thinking about

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Speaker 6: the people on the other side of this negotiating table,

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Speaker 6: because this isn't ultimately just Israel's decision to make you

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Speaker 6: have a group designated as a terrorist organization by the

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Speaker 6: US on the other side of these negotiations.

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Speaker 8: Right, one hundred percent. And that's why you've got all

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Speaker 8: these these three players that you named mediating the US, Cutter,

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Speaker 8: and Egypt, and the Israel has listened. The Israel government

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Speaker 8: has played both sides of the Cuttery card, because on

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Speaker 8: one hand, they're saying they don't trust them because Cutter

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Speaker 8: has outright supported Hamas.

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Speaker 7: But the fact is that the.

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Speaker 8: Israeli government under Nata Yahu has allowed hamas Is financing

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Speaker 8: sorry cutter's financing to Hamas to millions of dollars per month.

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Speaker 8: And the reason for that in Ntan Yahoo has been

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Speaker 8: quite public about that is part because he claimed that

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Speaker 8: at the time that he wanted to he thought that

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Speaker 8: by allowing the funds to go this way, he could

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Speaker 8: have more insight and transparency into where those funds would go,

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Speaker 8: and that they would go more towards humanitarian purposes. But

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Speaker 8: he and his cabinet have also said that it was

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Speaker 8: at that time to their advantage to have a divided

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Speaker 8: Palestinian people, to have Gaza and Hamaspi strong and the

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Speaker 8: other side be strong, because if they were divided then

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Speaker 8: there could be no state. So this awful strategy contributed

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Speaker 8: to Hamas's strength. So the curd thing I would there.

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Speaker 8: That's how negotiations go, and it's normal with a terrorist

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Speaker 8: organization that you're going to have these players and that

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00:22:35,280 --> 00:22:36,920
Speaker 8: it's going to be extremely tenuous.

438
00:22:37,240 --> 00:22:39,399
Speaker 2: Spoken like someone who has been through this before. It's

439
00:22:39,440 --> 00:22:41,399
Speaker 2: great to see you again. Don't be a stranger. The

440
00:22:41,520 --> 00:22:44,480
Speaker 2: Garshamali Greenwich media strategies.

441
00:22:48,200 --> 00:22:51,720
Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch

442
00:22:51,800 --> 00:22:54,640
Speaker 1: us live weekdays at noon Eastern on Avo car Play

443
00:22:54,680 --> 00:22:57,440
Speaker 1: and then Rouno with the Bloomberg Business app. Listen on

444
00:22:57,560 --> 00:23:03,800
Speaker 1: demand wherever you get your podcasts, not just live on YouTube.

445
00:23:04,320 --> 00:23:07,040
Speaker 3: Could we be in a world here in Washington in

446
00:23:07,080 --> 00:23:12,960
Speaker 3: which progressive outrage over Israel sinks the drive to fund Ukraine.

447
00:23:14,080 --> 00:23:17,159
Speaker 3: Lawmakers are back next week, and while I know they

448
00:23:17,200 --> 00:23:19,480
Speaker 3: may tackle five to seven zero two, first, this is

449
00:23:19,480 --> 00:23:23,600
Speaker 3: going to be a big throwdown over funding for both

450
00:23:23,720 --> 00:23:26,520
Speaker 3: of our allies in the case of Israel. As you

451
00:23:26,560 --> 00:23:31,440
Speaker 3: just heard, we were talking with Nick Wadhams. The democratic

452
00:23:31,560 --> 00:23:34,639
Speaker 3: call from members of the Senate like Chris van Holland

453
00:23:34,680 --> 00:23:37,960
Speaker 3: even this is not Primila Jayapaul talking. This is an

454
00:23:37,960 --> 00:23:41,679
Speaker 3: ally of Joe Biden, calling for the suspension of the

455
00:23:41,680 --> 00:23:46,000
Speaker 3: transfer of offensive weapons to Israel, a new approach at

456
00:23:46,000 --> 00:23:51,600
Speaker 3: the UN Security Council, and speaking up more against Benjamin

457
00:23:51,640 --> 00:23:55,760
Speaker 3: Nett and Yahoo. There are at least twenty Democrats were

458
00:23:55,800 --> 00:23:58,359
Speaker 3: told in the House who would vote against Israel funding

459
00:23:58,359 --> 00:24:00,159
Speaker 3: if it were tied with Ukraine. That could be a

460
00:24:00,200 --> 00:24:03,800
Speaker 3: problem for Kiev and a good place to start our

461
00:24:03,840 --> 00:24:07,800
Speaker 3: conversation this week with Mick Mulvaney. He's back, co founder

462
00:24:07,800 --> 00:24:10,199
Speaker 3: of the Freedom Caucus, former acting chief of Staff in

463
00:24:10,200 --> 00:24:13,400
Speaker 3: the Trump White House, along with many other business cards. Mick,

464
00:24:13,440 --> 00:24:15,639
Speaker 3: it's great to see you, but looking forward to picking

465
00:24:15,640 --> 00:24:17,439
Speaker 3: your brain on some of this stuff. Do you do

466
00:24:17,480 --> 00:24:19,600
Speaker 3: you hear where I'm going on this or do you

467
00:24:19,640 --> 00:24:23,119
Speaker 3: not buy into that narrative at the moment about Israel

468
00:24:23,240 --> 00:24:24,000
Speaker 3: versus Ukraine.

469
00:24:24,800 --> 00:24:27,320
Speaker 9: I'm buy into all of that narrative. You know, where

470
00:24:27,359 --> 00:24:28,679
Speaker 9: do you want to start? At the politics of it

471
00:24:28,960 --> 00:24:31,600
Speaker 9: at the presidential level, at the at the congressional level,

472
00:24:31,600 --> 00:24:34,440
Speaker 9: it's going to be nasty and you sort of and

473
00:24:35,000 --> 00:24:37,040
Speaker 9: the temptation is to say, oh, and they're also dealing

474
00:24:37,040 --> 00:24:38,040
Speaker 9: with fiveis seven oh two?

475
00:24:38,119 --> 00:24:41,760
Speaker 2: This week? That could he or next week? I guess so.

476
00:24:41,840 --> 00:24:44,880
Speaker 9: Yeah, it's a tough, tough place through business right now.

477
00:24:45,760 --> 00:24:47,680
Speaker 3: So could we begin a world in which neither happened?

478
00:24:47,680 --> 00:24:50,159
Speaker 3: There is no money for Israel or Ukraine because nobody

479
00:24:50,160 --> 00:24:51,000
Speaker 3: can agree on either.

480
00:24:51,920 --> 00:24:53,159
Speaker 9: No, I don't think so. I think at the end

481
00:24:53,200 --> 00:24:55,919
Speaker 9: of the day, Well, yeah, I guess that's anything is possible.

482
00:24:55,920 --> 00:24:57,920
Speaker 9: I mean, I got asked this week if a King

483
00:24:58,000 --> 00:24:59,920
Speaker 9: Jeffries might end up being the Speaker of the House

484
00:25:00,119 --> 00:25:03,040
Speaker 9: for the end of the year, and in an ordinary world,

485
00:25:03,040 --> 00:25:05,200
Speaker 9: the answer to that's clearly now. But we long ago

486
00:25:05,400 --> 00:25:09,320
Speaker 9: ceased existing in an ordinary world. So I still think

487
00:25:09,320 --> 00:25:14,440
Speaker 9: there's a center of gravity for financial aid for both

488
00:25:14,640 --> 00:25:17,400
Speaker 9: Ukraine and Israel. I get the feeling there's a little

489
00:25:17,400 --> 00:25:20,560
Speaker 9: bit more for Israel than there is for Ukraine. But

490
00:25:21,000 --> 00:25:22,760
Speaker 9: you know, I said that now for about eight weeks,

491
00:25:22,760 --> 00:25:24,879
Speaker 9: and I haven't seen any movement on it. I think

492
00:25:24,920 --> 00:25:28,960
Speaker 9: once you start seeing standalone bills in both chambers, obviously,

493
00:25:28,960 --> 00:25:30,600
Speaker 9: that's when you'll get a real feel for But I

494
00:25:30,600 --> 00:25:34,080
Speaker 9: think I think the pushback on the progressive left against

495
00:25:34,280 --> 00:25:38,280
Speaker 9: money for Israel is absolutely real, there's no question about it.

496
00:25:39,320 --> 00:25:42,960
Speaker 3: Well, that is something when you combine that with some

497
00:25:43,280 --> 00:25:46,760
Speaker 3: Republican opposition to spending for Ukraine. Of course, Marjorie Taylor

498
00:25:46,800 --> 00:25:50,200
Speaker 3: Green says she'll activate this motion of vacate, She'll make

499
00:25:50,200 --> 00:25:54,199
Speaker 3: this a privileged resolution if the speaker goes there. Do

500
00:25:54,280 --> 00:25:56,159
Speaker 3: you believe it or are we just raising money?

501
00:25:57,880 --> 00:26:00,760
Speaker 9: Both? And I believe it because we're just raising I mean, look,

502
00:26:01,359 --> 00:26:05,800
Speaker 9: people looked what happened to Matt Gates. After Matt Gates,

503
00:26:05,960 --> 00:26:08,680
Speaker 9: you know, started the instruction against Kevin McCarthy in January,

504
00:26:08,680 --> 00:26:11,440
Speaker 9: then in January of twenty twenty three, finished it last year.

505
00:26:11,840 --> 00:26:14,840
Speaker 9: He's now one of the most famous Republican members of

506
00:26:14,840 --> 00:26:17,440
Speaker 9: the House, in fact, one of the most famous Republicans.

507
00:26:16,960 --> 00:26:17,520
Speaker 2: In the country.

508
00:26:18,119 --> 00:26:20,359
Speaker 9: There's a bunch of other egos lying around in that

509
00:26:20,400 --> 00:26:23,000
Speaker 9: building going, wow, I wish I was as famous. I

510
00:26:23,040 --> 00:26:25,000
Speaker 9: were as famous as as Matt Gates. What can I

511
00:26:25,000 --> 00:26:26,879
Speaker 9: do to raise that kind of money and raise my

512
00:26:26,960 --> 00:26:28,680
Speaker 9: kind of Q rating so that I get invited on

513
00:26:28,720 --> 00:26:29,600
Speaker 9: stage with Donald Trump?

514
00:26:29,600 --> 00:26:30,960
Speaker 2: Ever replaced that he goes.

515
00:26:32,600 --> 00:26:34,720
Speaker 9: When Joe and that This is a longer answer to

516
00:26:34,720 --> 00:26:37,440
Speaker 9: your question, but a little bit of history. When John

517
00:26:37,480 --> 00:26:39,879
Speaker 9: Bayner about six or eight of us into his office

518
00:26:39,960 --> 00:26:42,680
Speaker 9: right when the Pope was there in twenty fifteen, I think,

519
00:26:43,040 --> 00:26:45,120
Speaker 9: consider any of you going to bring the motion? We said,

520
00:26:45,160 --> 00:26:48,159
Speaker 9: you know, mister Speaker, no we won't, but somebody will.

521
00:26:48,280 --> 00:26:50,080
Speaker 9: And he said why, I say, listen, We've all gotten

522
00:26:50,119 --> 00:26:52,320
Speaker 9: calls from folks back home saying, look, if you're the

523
00:26:52,320 --> 00:26:54,320
Speaker 9: one who makes the motion, you go to the head

524
00:26:54,320 --> 00:26:56,359
Speaker 9: of the line in the Republican primary for Senate or

525
00:26:56,400 --> 00:26:58,520
Speaker 9: governor or whatever. You could raise a ton of money.

526
00:26:58,640 --> 00:26:59,960
Speaker 2: We don't care about kind of stuff.

527
00:27:00,040 --> 00:27:02,000
Speaker 9: That's not what the Freedom Caucus was about at the time.

528
00:27:02,359 --> 00:27:04,560
Speaker 9: But certainly there's gonna be people on the floor who

529
00:27:04,600 --> 00:27:07,320
Speaker 9: thought about making that motion, and that's why john left.

530
00:27:07,480 --> 00:27:11,679
Speaker 9: You're in the same dynamic right now, probably on steroids.

531
00:27:11,760 --> 00:27:16,159
Speaker 3: Unbelievable, So we're in anything could happen mode. There's no

532
00:27:17,000 --> 00:27:20,359
Speaker 3: point in predicting things. That's why you're open to potentially

533
00:27:20,400 --> 00:27:21,840
Speaker 3: this idea of Hakim Jeffreyes.

534
00:27:21,880 --> 00:27:24,040
Speaker 2: You just wonder, I mean, that's an extreme scenario.

535
00:27:24,040 --> 00:27:27,200
Speaker 3: Obviously, make if Democrats help to save Mike Johnson in

536
00:27:27,240 --> 00:27:30,439
Speaker 3: a world like that, what's the real deal people are

537
00:27:30,480 --> 00:27:35,119
Speaker 3: throwing around talk about a power sharing agreement or maybe

538
00:27:35,720 --> 00:27:40,320
Speaker 3: floor time for Ukraine that wouldn't exist otherwise, what's real

539
00:27:40,840 --> 00:27:44,080
Speaker 3: that would sweeten the pot or payback Democrats to protect

540
00:27:44,119 --> 00:27:44,760
Speaker 3: Mike Johnson.

541
00:27:46,880 --> 00:27:48,720
Speaker 9: That's an interesting question because my guess is it's a

542
00:27:48,760 --> 00:27:51,600
Speaker 9: different answer for different subgroups of the Democrat Party. Give

543
00:27:51,600 --> 00:27:54,040
Speaker 9: Hakim Jeffreys credit. He's done a pretty good job now

544
00:27:54,040 --> 00:27:57,720
Speaker 9: of marshaling the assets his party has marshaling their efforts

545
00:27:57,720 --> 00:27:59,320
Speaker 9: in the House. They have not had any sort of

546
00:28:00,160 --> 00:28:02,880
Speaker 9: very very visible break at least with his leadership over

547
00:28:02,920 --> 00:28:03,560
Speaker 9: the situation.

548
00:28:03,800 --> 00:28:04,840
Speaker 2: In Gaza.

549
00:28:05,280 --> 00:28:08,600
Speaker 9: But the bottom line is this is that nothing is free, right,

550
00:28:09,040 --> 00:28:12,400
Speaker 9: and that if the Democrats lend support to Michael Johnson,

551
00:28:12,400 --> 00:28:14,520
Speaker 9: there's going to be a cost to that, whether it's

552
00:28:14,560 --> 00:28:19,280
Speaker 9: temporary in terms of a vote or something more permanent

553
00:28:19,320 --> 00:28:22,920
Speaker 9: in terms of say a reallocation of committee assignments.

554
00:28:24,160 --> 00:28:25,200
Speaker 2: I would assume.

555
00:28:24,920 --> 00:28:27,800
Speaker 9: Everything's on the table, But look, let's not assume right

556
00:28:27,800 --> 00:28:33,240
Speaker 9: away they're coming to Mike Johnson's defense simply because now

557
00:28:33,280 --> 00:28:35,840
Speaker 9: we're getting really close. Look, there's only really only one

558
00:28:35,880 --> 00:28:38,600
Speaker 9: more thing the government has to pass between now and

559
00:28:38,640 --> 00:28:40,880
Speaker 9: the election, and it's something to keep the government funded

560
00:28:40,920 --> 00:28:42,560
Speaker 9: between September and election day.

561
00:28:42,920 --> 00:28:43,400
Speaker 2: That's it.

562
00:28:43,480 --> 00:28:46,000
Speaker 9: Everything else would be nice, but that's the one thing

563
00:28:46,000 --> 00:28:48,719
Speaker 9: they've got. Ask yourself, if you're a Democrat, wouldn't you

564
00:28:48,720 --> 00:28:50,800
Speaker 9: love to go through the summer with a government shutdown

565
00:28:50,920 --> 00:28:53,000
Speaker 9: caused by no Speaker of the House. That's a pretty

566
00:28:53,040 --> 00:28:55,200
Speaker 9: good thing to run on during the August recess.

567
00:28:56,000 --> 00:28:57,960
Speaker 3: It doesn't sound like you can count necessarily on a

568
00:28:57,960 --> 00:29:01,480
Speaker 3: lot of support in that world. A big one just

569
00:29:01,560 --> 00:29:05,200
Speaker 3: in passing, Mick, I love your take on FAIZI seven

570
00:29:05,240 --> 00:29:08,680
Speaker 3: oh two. The Rules Committee is expected to mark this

571
00:29:08,840 --> 00:29:11,160
Speaker 3: up or at least announce that next week. The Foreign

572
00:29:11,200 --> 00:29:15,520
Speaker 3: Intelligence Surveillance Act, which is was extremely controversial when it

573
00:29:15,600 --> 00:29:20,440
Speaker 3: was first passed. We have two competing Republican ideas on this,

574
00:29:20,680 --> 00:29:24,800
Speaker 3: one from House Intelligence, one from House Judiciary. Should the

575
00:29:24,800 --> 00:29:27,240
Speaker 3: government have to ask permission every time it bumps into

576
00:29:27,240 --> 00:29:30,600
Speaker 3: a US citizen when it's spying on a bad guy overseas?

577
00:29:30,760 --> 00:29:32,280
Speaker 2: Is that the best way to ask the question.

578
00:29:33,280 --> 00:29:34,880
Speaker 9: I think that's a fair way to ask the question.

579
00:29:34,960 --> 00:29:36,480
Speaker 2: It's certainly going to be the debate on the floor.

580
00:29:36,800 --> 00:29:38,719
Speaker 9: I happen to think the answer is yes. A lot

581
00:29:38,800 --> 00:29:41,800
Speaker 9: of folks think the answer is no. The really cool

582
00:29:41,840 --> 00:29:45,719
Speaker 9: thing about that, Joe, You know, I bad mouth Washington

583
00:29:45,760 --> 00:29:48,200
Speaker 9: a lot because Washington deserves to be bad mouth. There's

584
00:29:48,200 --> 00:29:50,280
Speaker 9: no question about that. I'm a cynic because I've lived

585
00:29:50,280 --> 00:29:53,680
Speaker 9: the place. But this is one of the really bright points.

586
00:29:53,680 --> 00:29:56,120
Speaker 9: And I say that to say this it is non

587
00:29:56,200 --> 00:29:59,560
Speaker 9: it's it doesn't fall neatly along partisan lines. It's one

588
00:29:59,560 --> 00:30:01,640
Speaker 9: of those rare debates you're gonna have at Washington, DC

589
00:30:01,760 --> 00:30:04,680
Speaker 9: that will split both parties almost down the middle. It's

590
00:30:04,720 --> 00:30:06,920
Speaker 9: going to be a very very close vote. The only

591
00:30:07,000 --> 00:30:09,600
Speaker 9: time in my six years in the House that I

592
00:30:09,680 --> 00:30:12,360
Speaker 9: sat on the floor with most of my colleagues, several

593
00:30:12,480 --> 00:30:15,440
Speaker 9: hundred of my colleagues, and watched the debate. Was I

594
00:30:15,440 --> 00:30:18,040
Speaker 9: guess in twenty and fifteen or sixteen on the on

595
00:30:18,120 --> 00:30:19,880
Speaker 9: fight the last time we did fis a renewal when

596
00:30:19,880 --> 00:30:23,160
Speaker 9: I was there and to watch Republicans argue both sides,

597
00:30:23,240 --> 00:30:27,160
Speaker 9: Democrats argue both sides, people asking intelligent questions from the floor.

598
00:30:27,240 --> 00:30:30,040
Speaker 9: It was a really really good debate. My side lost

599
00:30:30,080 --> 00:30:32,040
Speaker 9: and FEISA was renewed, but it was a very very

600
00:30:32,040 --> 00:30:34,000
Speaker 9: close battle. And my guess is you're going to see

601
00:30:34,000 --> 00:30:36,560
Speaker 9: that same process again, is it Is it going to

602
00:30:36,600 --> 00:30:39,160
Speaker 9: be a fight, yeah? Is it gonna be a nasty fight, yeah,

603
00:30:39,200 --> 00:30:41,200
Speaker 9: but it's going to be one of those positive fights

604
00:30:41,200 --> 00:30:42,200
Speaker 9: that we used to have a lot more of in

605
00:30:42,680 --> 00:30:43,120
Speaker 9: that town.

606
00:30:44,200 --> 00:30:46,360
Speaker 3: But you think that a decision will be born of debate,

607
00:30:46,440 --> 00:30:49,400
Speaker 3: not whether Mike Turner or Jim Jordan is closer to

608
00:30:49,440 --> 00:30:50,080
Speaker 3: Mike Johnson.

609
00:30:50,960 --> 00:30:52,680
Speaker 9: No, no, no, no, no. I don't think Mike Johnson's got

610
00:30:52,720 --> 00:30:54,240
Speaker 9: any authority here at all. I mean, Mike is a

611
00:30:54,520 --> 00:30:56,840
Speaker 9: is a I'd like him, everybody likes me, that's why

612
00:30:56,840 --> 00:30:59,280
Speaker 9: he's there. But he's effectively a caretaker, right there's nobody

613
00:30:59,280 --> 00:31:01,680
Speaker 9: sitting back going, oh, I wonder what the speaker wants

614
00:31:01,720 --> 00:31:03,720
Speaker 9: to do on this. Mike is trying hard to keep

615
00:31:03,760 --> 00:31:06,920
Speaker 9: the cats together so that you know, the Republics contain

616
00:31:07,000 --> 00:31:08,040
Speaker 9: control of the calendard.

617
00:31:08,080 --> 00:31:08,640
Speaker 2: That's the big thing.

618
00:31:08,680 --> 00:31:10,680
Speaker 9: If if you lose the speakership, then you lose control

619
00:31:10,720 --> 00:31:13,440
Speaker 9: of what comes to the floor, and every Republican wants

620
00:31:13,480 --> 00:31:16,120
Speaker 9: to maintain that in some fashion. But I know this

621
00:31:16,160 --> 00:31:18,800
Speaker 9: is not like Kevin McCarthy or Paul Ryan or John Bayner,

622
00:31:18,840 --> 00:31:20,640
Speaker 9: where folks are looking to the speaker. I don't think

623
00:31:20,720 --> 00:31:24,160
Speaker 9: for leadership. My guess is that there's going to be

624
00:31:24,200 --> 00:31:26,200
Speaker 9: factions here like there's in so many things. But again,

625
00:31:26,280 --> 00:31:29,000
Speaker 9: this is a healthy factionalism because it does not fall

626
00:31:29,600 --> 00:31:31,080
Speaker 9: neatly at all along party lines.

627
00:31:32,440 --> 00:31:36,080
Speaker 3: You ever stop to think, if I hung around long enough,

628
00:31:36,160 --> 00:31:37,520
Speaker 3: I would have been speaker.

629
00:31:38,880 --> 00:31:40,520
Speaker 9: Joe, I think if you would hung around long enough,

630
00:31:40,560 --> 00:31:41,400
Speaker 9: you could have been speaker.

631
00:31:43,520 --> 00:31:46,040
Speaker 2: Well, we're not working on that. I can tell you. Hey,

632
00:31:46,040 --> 00:31:47,680
Speaker 2: don't be a stranger. It's nice to catch up with you.

633
00:31:47,720 --> 00:31:49,080
Speaker 3: We'll have a lot more to talk about next week,

634
00:31:49,120 --> 00:31:50,640
Speaker 3: and everybody's back in town, and I hope maybe we'll

635
00:31:50,640 --> 00:31:57,960
Speaker 3: see in studio soon, Thank you, sir. As always spend

636
00:31:58,040 --> 00:32:00,360
Speaker 3: time as Acting Chief of Staff Corps in the White

637
00:32:00,400 --> 00:32:02,400
Speaker 3: House the Trump administration. Was co founder of the Freedom

638
00:32:02,440 --> 00:32:05,880
Speaker 3: Caucus that has evolved quite a bit since his time there.

639
00:32:05,880 --> 00:32:08,440
Speaker 3: In fact, Mikett even suggested on a year disbanding it

640
00:32:08,840 --> 00:32:12,440
Speaker 3: at one point. It will play a large role in

641
00:32:12,480 --> 00:32:15,480
Speaker 3: what happens, most likely with all of the issues that

642
00:32:15,520 --> 00:32:22,880
Speaker 3: we just talked about, from foreign aid to seven oh two.

643
00:32:23,280 --> 00:32:26,560
Speaker 1: You're listening to the Bloomberg Balance of Power podcast Ken

644
00:32:26,760 --> 00:32:29,800
Speaker 1: Just Live weekdays at noon Eastern on Applecarplay and then

645
00:32:29,880 --> 00:32:32,480
Speaker 1: ron Oo with the Bloomberg Business App. You can also

646
00:32:32,520 --> 00:32:36,000
Speaker 1: listen live on Amazon Alexa from our flagship New York station,

647
00:32:36,400 --> 00:32:40,440
Speaker 1: Just Say Alexa Play Bloomberg eleven thirty.

648
00:32:41,240 --> 00:32:44,440
Speaker 3: Welcome to the fastest show in politics, Live from Washington.

649
00:32:44,480 --> 00:32:47,560
Speaker 3: I'm Joe Matthew Cayley Lines will join the conversation for

650
00:32:47,720 --> 00:32:52,600
Speaker 3: hour two. I was picturing yesterday Matt Bennett on the

651
00:32:52,640 --> 00:32:56,960
Speaker 3: football field after the Super Bowl, having won the game

652
00:32:57,280 --> 00:33:01,760
Speaker 3: quarterbacking a huge victory of no labels in this case.

653
00:33:02,960 --> 00:33:05,480
Speaker 3: They asked him, now that you've done it, Matt, now

654
00:33:05,480 --> 00:33:07,920
Speaker 3: that you've beat no Labels, what are you gonna do.

655
00:33:09,480 --> 00:33:10,480
Speaker 2: He's with us right now.

656
00:33:10,480 --> 00:33:13,200
Speaker 3: Of course, from Third Way, the Democratic strategist, Matt, are

657
00:33:13,200 --> 00:33:14,200
Speaker 3: you going to Disney World?

658
00:33:14,800 --> 00:33:18,280
Speaker 10: I'm going to Disney World eventually, but before I go

659
00:33:18,320 --> 00:33:20,520
Speaker 10: to Disney World, there's a lot more to be done

660
00:33:20,680 --> 00:33:23,640
Speaker 10: to protect democracy. But it was a good day yesterday

661
00:33:23,640 --> 00:33:24,000
Speaker 10: for sure.

662
00:33:25,000 --> 00:33:25,920
Speaker 2: Well, let's talk about it.

663
00:33:26,000 --> 00:33:28,760
Speaker 3: I of course joking around, because people who listen to

664
00:33:28,840 --> 00:33:31,280
Speaker 3: and watch this program know that your group, Third Way

665
00:33:31,840 --> 00:33:34,160
Speaker 3: has been working over time to prevent this from happening,

666
00:33:34,160 --> 00:33:36,320
Speaker 3: on the belief that it would simply spoil the election

667
00:33:36,880 --> 00:33:41,560
Speaker 3: and guarantee another term for Donald Trump. Was it the

668
00:33:41,560 --> 00:33:43,480
Speaker 3: work you did or was it the fact that this

669
00:33:43,640 --> 00:33:46,160
Speaker 3: was a flawed concept initially that could not seem to

670
00:33:46,200 --> 00:33:46,920
Speaker 3: find a candidate.

671
00:33:48,160 --> 00:33:51,640
Speaker 10: I think it was both. You know, there's no question

672
00:33:51,760 --> 00:33:54,520
Speaker 10: that it was a flawed concept. Their whole theory here

673
00:33:55,400 --> 00:33:57,840
Speaker 10: was that they were going to actually win the election

674
00:33:57,920 --> 00:34:01,240
Speaker 10: as a third party, and as I've pointed out on

675
00:34:01,280 --> 00:34:04,000
Speaker 10: your show a few times, that's just ridiculous. No one's

676
00:34:04,000 --> 00:34:07,120
Speaker 10: ever come close to doing that. Teddy Roosevelt couldn't do that.

677
00:34:07,600 --> 00:34:09,680
Speaker 10: Four years after leaving office as one of the most

678
00:34:09,680 --> 00:34:12,720
Speaker 10: popular president's American history, you got eighty eight electoral votes,

679
00:34:12,760 --> 00:34:15,960
Speaker 10: you need two seventy to win. Fifteen years later, they

680
00:34:16,040 --> 00:34:19,080
Speaker 10: carved him into Mount Rushmore. They don't have Teddy Roosevelt.

681
00:34:19,160 --> 00:34:21,520
Speaker 10: They never did, and they were never going to come

682
00:34:21,560 --> 00:34:25,920
Speaker 10: close to winning. But I will say this, their offer

683
00:34:26,120 --> 00:34:28,680
Speaker 10: was kind of on the surface level, very attractive to

684
00:34:28,719 --> 00:34:30,640
Speaker 10: a lot of their donors and even to some potential

685
00:34:30,640 --> 00:34:33,759
Speaker 10: candidates because they talked about a ticket between a Republican

686
00:34:33,800 --> 00:34:36,920
Speaker 10: and a Democrat, and wouldn't that be great? But if

687
00:34:36,960 --> 00:34:39,480
Speaker 10: you dug down below the surface, there was a lot

688
00:34:39,520 --> 00:34:41,160
Speaker 10: of rot there, and we wanted to make sure that

689
00:34:41,160 --> 00:34:42,000
Speaker 10: people understood.

690
00:34:43,719 --> 00:34:45,480
Speaker 3: Well, Matt, I hope you'll hang out for us with

691
00:34:45,560 --> 00:34:47,200
Speaker 3: us for a moment as we bring our panel in here.

692
00:34:47,239 --> 00:34:50,560
Speaker 3: Rick Davis and Jeanie Shanzano are joining Bloomberg Politics contributors.

693
00:34:51,160 --> 00:34:53,920
Speaker 3: Of course our signature panel here. And Genie, I know

694
00:34:54,280 --> 00:34:56,759
Speaker 3: your office was rocking a little earlier in New York.

695
00:34:57,600 --> 00:35:00,359
Speaker 3: I hope nothing fell over. I hope everybody's safe at

696
00:35:00,400 --> 00:35:03,440
Speaker 3: an earthquake in the New York area earlier today. I'm

697
00:35:03,440 --> 00:35:05,640
Speaker 3: guessing your office was rock and yesterday too when you

698
00:35:05,680 --> 00:35:07,560
Speaker 3: heard this news. What does it mean for Joe Biden?

699
00:35:09,040 --> 00:35:10,960
Speaker 11: That's right, you know, and I think a lot of

700
00:35:11,080 --> 00:35:14,919
Speaker 11: credit goes to Matt and the group and also move

701
00:35:14,960 --> 00:35:18,160
Speaker 11: on dot org and those groups, who you know, I think,

702
00:35:18,200 --> 00:35:21,760
Speaker 11: in my mind learned from the twenty sixteen experience, because

703
00:35:21,800 --> 00:35:25,319
Speaker 11: remember Hillary Clinton's campaign said, if we sort of just

704
00:35:25,400 --> 00:35:28,120
Speaker 11: ignore Jill Stein, nobody will know she's there and vote

705
00:35:28,120 --> 00:35:29,600
Speaker 11: for her, and of course that's.

706
00:35:29,440 --> 00:35:30,320
Speaker 7: Not what happened.

707
00:35:30,400 --> 00:35:33,839
Speaker 11: So in this case, these groups let people know who

708
00:35:33,880 --> 00:35:38,480
Speaker 11: our FK Junior is, and you know, that's critically important

709
00:35:38,640 --> 00:35:42,440
Speaker 11: because they were able to talk about the positions that

710
00:35:42,520 --> 00:35:45,839
Speaker 11: he's taken and the fact that a vote for him

711
00:35:46,520 --> 00:35:50,960
Speaker 11: is going to help potentially elect the Donald Trump. And

712
00:35:51,080 --> 00:35:53,120
Speaker 11: you know, I have to say, Joe, I was hoping

713
00:35:53,160 --> 00:35:55,600
Speaker 11: you were going to play the Golden Girls theme because

714
00:35:55,640 --> 00:35:58,560
Speaker 11: this is what the DNC is using against RFK Junior

715
00:35:58,640 --> 00:36:03,279
Speaker 11: now as they raise questions about this guy. So if

716
00:36:03,320 --> 00:36:05,400
Speaker 11: you could get that, you know, keyed up for the

717
00:36:05,440 --> 00:36:06,120
Speaker 11: next segment, I.

718
00:36:06,120 --> 00:36:06,640
Speaker 7: Would love that.

719
00:36:08,160 --> 00:36:10,480
Speaker 2: We'll work on that. Thank you for being a friend. Jennie.

720
00:36:10,760 --> 00:36:14,760
Speaker 3: Rick Davis joins us from the swing state of Arizona today,

721
00:36:15,280 --> 00:36:19,040
Speaker 3: having of course run many Republican campaigns. Rick, you never

722
00:36:19,120 --> 00:36:21,000
Speaker 3: bought this idea to begin with I'll come.

723
00:36:22,480 --> 00:36:24,640
Speaker 12: Yeah, Well, I think it's exactly what Matt was saying,

724
00:36:24,760 --> 00:36:27,160
Speaker 12: is that it's very hard to find somebody who can

725
00:36:27,280 --> 00:36:30,200
Speaker 12: like bear the success of Teddy Roosevelt. Right, there's only

726
00:36:30,200 --> 00:36:33,520
Speaker 12: one Teddy Roosevelt. And I think at one point people

727
00:36:33,560 --> 00:36:36,000
Speaker 12: thought that guy could be John McCain. But John McCain

728
00:36:36,080 --> 00:36:38,759
Speaker 12: was a partisan. You liked the Republican Party, you wanted

729
00:36:38,760 --> 00:36:41,680
Speaker 12: to fight to make it better. And so yeah, it's

730
00:36:41,680 --> 00:36:44,359
Speaker 12: all about the candidates. I think Mitch McConnell said it best.

731
00:36:44,440 --> 00:36:47,000
Speaker 12: Candidates matter, and when you can't find a candidate, you

732
00:36:47,000 --> 00:36:49,040
Speaker 12: don't have a party. And so at the end of

733
00:36:49,080 --> 00:36:50,719
Speaker 12: the day, I think it's going to be better for

734
00:36:51,160 --> 00:36:55,040
Speaker 12: no label's long term. They continue to, you know, focus

735
00:36:55,080 --> 00:36:57,160
Speaker 12: on problem solvers caucus in the House, which is a

736
00:36:57,280 --> 00:37:01,759
Speaker 12: very productive and positive thing, and frankly, I think this

737
00:37:01,840 --> 00:37:04,399
Speaker 12: example maybe keeps them out of electoral politics for a while,

738
00:37:04,440 --> 00:37:08,600
Speaker 12: and so now we focus on other third party disruptors,

739
00:37:08,600 --> 00:37:10,319
Speaker 12: and there are plenty of those still banging around, as

740
00:37:10,360 --> 00:37:13,480
Speaker 12: Gen points out, and I think that could still have

741
00:37:13,640 --> 00:37:16,719
Speaker 12: a determined effect on the outcome of some of these states.

742
00:37:16,880 --> 00:37:20,080
Speaker 3: Well, they sure are, Rick, and I wonder Matt That's

743
00:37:20,080 --> 00:37:23,359
Speaker 3: where we started our conversation. What you see left as

744
00:37:23,400 --> 00:37:24,960
Speaker 3: what you described as a lot of work left to

745
00:37:25,000 --> 00:37:25,520
Speaker 3: be done.

746
00:37:26,800 --> 00:37:30,160
Speaker 10: There is, And as both Geni and Rick noted, you

747
00:37:30,200 --> 00:37:33,560
Speaker 10: don't have to be a huge household name to have

748
00:37:33,600 --> 00:37:36,560
Speaker 10: an impact on these elections as third party candidate, I mean,

749
00:37:36,600 --> 00:37:39,480
Speaker 10: Jill Stein, no one had ever heard of her. As

750
00:37:39,719 --> 00:37:42,920
Speaker 10: Gene pointed out, that we the Democrats, ignored her in

751
00:37:43,000 --> 00:37:46,360
Speaker 10: twenty sixteen, and that was an enormous mistake. She either

752
00:37:47,040 --> 00:37:51,120
Speaker 10: cost Hillary the election outright or came within one hundred

753
00:37:51,200 --> 00:37:53,520
Speaker 10: votes or so of doing so. I mean, there's some

754
00:37:53,560 --> 00:37:57,080
Speaker 10: persnickety political scientists who argue over those kinds of things,

755
00:37:57,120 --> 00:38:01,359
Speaker 10: but she had a huge impact. My favorite statistic here,

756
00:38:01,400 --> 00:38:04,120
Speaker 10: and it's relevant for this year too, is in the

757
00:38:04,239 --> 00:38:08,319
Speaker 10: three most important states Pennsylvania, Michigan, and Wisconsin, states that

758
00:38:08,400 --> 00:38:11,480
Speaker 10: Trump won in twenty sixteen and then lost in twenty twenty,

759
00:38:11,520 --> 00:38:15,239
Speaker 10: those made the difference in both races. His share of

760
00:38:15,280 --> 00:38:18,640
Speaker 10: the vote in those states rose between sixteen and twenty.

761
00:38:18,680 --> 00:38:20,640
Speaker 10: He did, He got a bigger share of the vote,

762
00:38:20,719 --> 00:38:24,160
Speaker 10: but ended up losing the second time because Biden's share

763
00:38:24,160 --> 00:38:26,560
Speaker 10: of the vote relative to Clinton's went up more and

764
00:38:26,600 --> 00:38:29,520
Speaker 10: the reason is they were you know, the third party

765
00:38:29,560 --> 00:38:32,440
Speaker 10: candidates from twenty sixteen were forced to choose between the two,

766
00:38:32,440 --> 00:38:35,240
Speaker 10: and they voted for Biden. We think that'll happen again

767
00:38:35,680 --> 00:38:38,360
Speaker 10: as long as there are not spoilers on the ballot,

768
00:38:38,360 --> 00:38:40,719
Speaker 10: and so we have to turn to those other ones now.

769
00:38:42,160 --> 00:38:43,440
Speaker 2: Matt Benneck. Great to have you back.

770
00:38:43,440 --> 00:38:46,000
Speaker 3: I appreciate your insights on this day after we got

771
00:38:46,040 --> 00:38:48,640
Speaker 3: the news. I don't really think he's going to Disney World.

772
00:38:48,719 --> 00:38:50,840
Speaker 3: I don't know about you, guys, Rick and Genie. I

773
00:38:50,920 --> 00:38:53,319
Speaker 3: just kept thinking of that moment, the confetti falling on

774
00:38:54,080 --> 00:38:57,520
Speaker 3: Matt Bennett. We're going to have a conversation at the

775
00:38:57,560 --> 00:38:59,560
Speaker 3: top of the next hour with Cindy McCain, and I

776
00:38:59,640 --> 00:39:02,440
Speaker 3: mentioned that because as we spend time with Rick and

777
00:39:02,480 --> 00:39:05,200
Speaker 3: Jeanie here, we've been talking a bit this hour about

778
00:39:05,239 --> 00:39:09,840
Speaker 3: potential funding for Israel, about potential policy changes for Israel

779
00:39:09,840 --> 00:39:12,759
Speaker 3: following Joe Biden's meeting with Benjamin et Yahu, and then

780
00:39:12,800 --> 00:39:14,680
Speaker 3: of course there's a matter of funding Ukraine and they

781
00:39:14,719 --> 00:39:19,120
Speaker 3: could collide in the House of Representatives. As we continue

782
00:39:19,160 --> 00:39:23,120
Speaker 3: with our panel, Genie, what's your thought on this progressive

783
00:39:23,120 --> 00:39:27,160
Speaker 3: outrage over Israel could end up making it more difficult

784
00:39:27,200 --> 00:39:30,400
Speaker 3: to pass AID for Ukraine, especially if they're tied together.

785
00:39:30,719 --> 00:39:33,239
Speaker 3: How much of a concern should this be for the administration?

786
00:39:34,800 --> 00:39:36,880
Speaker 11: You know, I think it is a big concern. I

787
00:39:37,000 --> 00:39:40,480
Speaker 11: was just thinking back to how much has changed since

788
00:39:40,600 --> 00:39:45,000
Speaker 11: the administration put forward this idea of coupling Israel, Ukraine,

789
00:39:45,080 --> 00:39:48,840
Speaker 11: and Taiwan together, the thinking being that sort of the

790
00:39:49,440 --> 00:39:55,279
Speaker 11: carot of Israel would help push Ukraine through. And of

791
00:39:55,360 --> 00:39:59,120
Speaker 11: course that has all changed now. And you know, to

792
00:39:59,280 --> 00:40:02,200
Speaker 11: listen to some somebody like Chris Coons, who is so

793
00:40:02,400 --> 00:40:06,640
Speaker 11: close to President Biden, talk about the fact that there

794
00:40:06,680 --> 00:40:09,920
Speaker 11: should be conditions on this AID. I also heard people

795
00:40:10,000 --> 00:40:12,800
Speaker 11: talking about Lindsey Graham, and of course we can't forget

796
00:40:13,040 --> 00:40:15,800
Speaker 11: what Donald Trump had to say on Hugh Hewitt yesterday,

797
00:40:15,840 --> 00:40:18,319
Speaker 11: not that he's in the Senate, but you know, that

798
00:40:18,600 --> 00:40:21,640
Speaker 11: tells you that even if they get something through the House,

799
00:40:22,080 --> 00:40:25,120
Speaker 11: it might be a slog in the Senate. And this

800
00:40:25,280 --> 00:40:30,040
Speaker 11: goes deeper and further than just progressives. One of the

801
00:40:30,080 --> 00:40:33,520
Speaker 11: starkest statements I heard yesterday was a progressive Elizabeth Warren.

802
00:40:33,800 --> 00:40:37,040
Speaker 11: But you are hearing it throughout the Democratic Caucus, and

803
00:40:37,080 --> 00:40:40,240
Speaker 11: so I think it is going to be a slog

804
00:40:40,280 --> 00:40:43,200
Speaker 11: as I mentioned in the Senate, if they get something

805
00:40:43,480 --> 00:40:44,719
Speaker 11: through the House that is.

806
00:40:45,880 --> 00:40:49,640
Speaker 3: Yeah, well, Rick Jennie just said a lot there, and

807
00:40:49,760 --> 00:40:53,360
Speaker 3: we are talking about folks like Chris Coon's, Chris van Hollen,

808
00:40:53,440 --> 00:40:57,279
Speaker 3: allies of Joe Biden, not just a Primeilajiapaul here. These

809
00:40:57,280 --> 00:40:59,680
Speaker 3: are the folks that Joe Biden needs to get things

810
00:40:59,719 --> 00:41:03,480
Speaker 3: done in the Senate. Could the President make some sort

811
00:41:03,520 --> 00:41:07,080
Speaker 3: of preemptive action here to get his arms around the

812
00:41:07,120 --> 00:41:11,960
Speaker 3: situation in Israel to help secure funding for Ukraine.

813
00:41:13,719 --> 00:41:17,000
Speaker 12: Yeah, well, I think in that score he's doing that

814
00:41:17,040 --> 00:41:20,200
Speaker 12: this week, and certainly the announcements today of being much

815
00:41:20,200 --> 00:41:24,120
Speaker 12: more aggressive and muscular around the ceasefire, you know, getting

816
00:41:25,000 --> 00:41:27,439
Speaker 12: mit Yahoo to open up some of these ports, take

817
00:41:27,480 --> 00:41:30,360
Speaker 12: some of the pressure off on the humanitarian issues, you know,

818
00:41:30,840 --> 00:41:34,640
Speaker 12: really getting out their heart on the killing of you know,

819
00:41:34,719 --> 00:41:39,040
Speaker 12: humanitarian aid workers. I think his entire campaign from the

820
00:41:39,040 --> 00:41:41,719
Speaker 12: White House on this issue this week has been to

821
00:41:41,760 --> 00:41:43,759
Speaker 12: get on the right side of history on this and

822
00:41:44,440 --> 00:41:48,080
Speaker 12: the reality is that even though Chris Coons and others

823
00:41:48,120 --> 00:41:51,680
Speaker 12: in the Senate have espoused concerns about the war that's

824
00:41:51,719 --> 00:41:55,480
Speaker 12: being fought in Gaza, they're not about to oppose their president.

825
00:41:55,520 --> 00:41:57,839
Speaker 12: If Joe Biden says this is the deal I want

826
00:41:57,880 --> 00:42:01,280
Speaker 12: to have, I'll sign this bill did in the Senate

827
00:42:01,360 --> 00:42:03,920
Speaker 12: and they voted them for it. They were saying these

828
00:42:03,920 --> 00:42:06,200
Speaker 12: things before that state vote, so they're not going to

829
00:42:06,320 --> 00:42:08,720
Speaker 12: break with the President of the United States on this issue.

830
00:42:08,719 --> 00:42:12,359
Speaker 12: But you're right, and Genie made this point, is that

831
00:42:12,960 --> 00:42:17,960
Speaker 12: Israel was actually helping the Ukraine bill get through its

832
00:42:18,040 --> 00:42:22,680
Speaker 12: earlier parts of this strategy. And now, no question, it

833
00:42:22,719 --> 00:42:25,319
Speaker 12: adds a little bit more complexity. I mean, are there

834
00:42:25,360 --> 00:42:28,200
Speaker 12: really that many more Democrats are going to vote against

835
00:42:28,239 --> 00:42:30,760
Speaker 12: it other than the jib balls and AOC's and people

836
00:42:30,760 --> 00:42:33,880
Speaker 12: I got. Probably not, maybe one or two. But it

837
00:42:33,960 --> 00:42:36,440
Speaker 12: certainly doesn't add to the momentum you need to.

838
00:42:36,440 --> 00:42:37,040
Speaker 10: Get this through.

839
00:42:37,080 --> 00:42:39,200
Speaker 12: And this is a hard slog in the House no

840
00:42:39,239 --> 00:42:42,640
Speaker 12: matter what. So, yes, complexity is the name of the game,

841
00:42:43,080 --> 00:42:46,680
Speaker 12: and this speaker Johnson has not shown us an ability

842
00:42:47,120 --> 00:42:49,680
Speaker 12: to manage through complexity in a successful fashion.

843
00:42:51,400 --> 00:42:54,879
Speaker 3: Spending time with Rick Davis and Genie Shanzana reportedly, Rick

844
00:42:54,960 --> 00:42:58,279
Speaker 3: twenty Democrat knows at the moment, we'll see where those

845
00:42:58,320 --> 00:43:03,080
Speaker 3: numbers got. Iran, Genie, I wonder how concerned you are

846
00:43:03,120 --> 00:43:06,400
Speaker 3: about this. I can only think that there's a meeting

847
00:43:06,440 --> 00:43:09,000
Speaker 3: inside the White House on the daily about this right now,

848
00:43:09,040 --> 00:43:13,040
Speaker 3: as Iran vows to punish Israel for its strike on

849
00:43:13,080 --> 00:43:15,719
Speaker 3: the embassy in Syria. This is the strike in Damascus

850
00:43:16,440 --> 00:43:21,080
Speaker 3: from a few days ago. Here, this headline is chilling

851
00:43:21,120 --> 00:43:24,840
Speaker 3: on the Bloomberg Genie. Iran tells us to step aside

852
00:43:25,680 --> 00:43:27,440
Speaker 3: as it readies response to Israel.

853
00:43:28,719 --> 00:43:29,879
Speaker 2: What does Joe Biden do now?

854
00:43:31,760 --> 00:43:34,319
Speaker 11: You know, I think they are. You're right, they are

855
00:43:34,440 --> 00:43:38,360
Speaker 11: meeting hopefully hourly, minute by minute and not just daily

856
00:43:38,440 --> 00:43:42,240
Speaker 11: on this. It is it is very very scary moment.

857
00:43:42,680 --> 00:43:45,080
Speaker 11: And as we think about this, and of course we

858
00:43:45,120 --> 00:43:49,640
Speaker 11: heard earlier Iran saying that Israel was only capable of

859
00:43:49,680 --> 00:43:53,080
Speaker 11: doing what it did in Syria because of the weapons

860
00:43:53,080 --> 00:43:56,120
Speaker 11: that the United States and the support has provided, which

861
00:43:56,160 --> 00:43:59,440
Speaker 11: gets us back to this issue of more funding for Israel,

862
00:44:00,040 --> 00:44:04,800
Speaker 11: and will Senators now allow that to go forward without condition?

863
00:44:05,160 --> 00:44:07,719
Speaker 11: We don't do that for other countries, We've always done

864
00:44:07,719 --> 00:44:10,960
Speaker 11: it for Israel, And now that is an open question.

865
00:44:11,160 --> 00:44:14,319
Speaker 11: And you've got to imagine Joe Biden, although I don't

866
00:44:14,360 --> 00:44:16,800
Speaker 11: know for certain, made that clear to net and Yahoo

867
00:44:16,880 --> 00:44:20,799
Speaker 11: yesterday in the call that things are changing. And you know,

868
00:44:20,920 --> 00:44:24,239
Speaker 11: again to me to hear Donald Trump say Israel is

869
00:44:24,360 --> 00:44:28,279
Speaker 11: losing the pr war, that's not the most important thing.

870
00:44:28,440 --> 00:44:32,000
Speaker 11: But of course you cannot let that slide because as

871
00:44:32,040 --> 00:44:35,239
Speaker 11: you change hearts and minds, support when it comes to

872
00:44:35,320 --> 00:44:39,160
Speaker 11: voting for funding does follow in Congress.

873
00:44:40,719 --> 00:44:44,840
Speaker 3: Rick, in a written message to Washington, the Iranian President's

874
00:44:44,880 --> 00:44:48,720
Speaker 3: deputy chief of Staff for Political affairs, rights that Iran

875
00:44:48,800 --> 00:44:52,120
Speaker 3: warned the US not to get dragged into net and

876
00:44:52,200 --> 00:44:57,839
Speaker 3: Yahoo's trap said the US should quote step aside so

877
00:44:57,880 --> 00:45:00,400
Speaker 3: that you don't get hit on vote.

878
00:45:01,080 --> 00:45:02,760
Speaker 2: What does the White House do right now?

879
00:45:04,600 --> 00:45:06,640
Speaker 12: Well, first of all, the White House has already shown

880
00:45:06,800 --> 00:45:10,160
Speaker 12: a resolve against Iran. It wasn't too long ago after

881
00:45:10,560 --> 00:45:12,759
Speaker 12: three of our service members were killed by a drone

882
00:45:12,760 --> 00:45:16,560
Speaker 12: attack in Syria that we countered with eighty five individual

883
00:45:16,640 --> 00:45:22,040
Speaker 12: strikes killing high ranking Iranian military officials in Syria, and

884
00:45:22,080 --> 00:45:24,279
Speaker 12: that sent the message we wanted to send that we

885
00:45:24,320 --> 00:45:27,240
Speaker 12: can get to them anywhere, any place of our choosing.

886
00:45:28,200 --> 00:45:30,359
Speaker 12: They don't want to fight with the United States, and

887
00:45:30,400 --> 00:45:33,359
Speaker 12: that is the clearest message to that do not get

888
00:45:33,360 --> 00:45:36,040
Speaker 12: in our way. But what they really mean is we

889
00:45:36,120 --> 00:45:39,239
Speaker 12: don't want to paint a target on us if we

890
00:45:39,280 --> 00:45:43,399
Speaker 12: retaliate against Israel, and Israel is our ally. We are

891
00:45:43,440 --> 00:45:47,600
Speaker 12: in this fight alongside Israel. Israel is not the one

892
00:45:47,800 --> 00:45:51,440
Speaker 12: who's the aggressor. They were invaded by a terrorist organization

893
00:45:51,920 --> 00:45:56,200
Speaker 12: sponsored and supported and directed by Iran Hamas and so

894
00:45:56,600 --> 00:45:59,080
Speaker 12: Iran has blood on their hands today. They're going to

895
00:45:59,120 --> 00:46:02,600
Speaker 12: have blood on their hands tomorrow. If they escalate. There'll

896
00:46:02,600 --> 00:46:06,560
Speaker 12: be an equal and opposite reaction again at our choosing,

897
00:46:06,840 --> 00:46:10,480
Speaker 12: and Israel can defend itself. But the bottom line is

898
00:46:10,600 --> 00:46:13,879
Speaker 12: America's in this fight with them, and that's what's got

899
00:46:14,040 --> 00:46:15,360
Speaker 12: Rand worried, and they should.

900
00:46:21,120 --> 00:46:24,279
Speaker 3: Thanks for listening to the Balance of Power podcast. Make

901
00:46:24,360 --> 00:46:27,279
Speaker 3: sure to subscribe if you haven't already, at Apple, Spotify,

902
00:46:27,400 --> 00:46:29,960
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00:46:30,040 --> 00:46:33,280
Speaker 3: us live every weekday from Washington, DC at noontime Eastern

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Speaker 3: at Bloomberg dot com.