1 00:00:02,920 --> 00:00:10,600 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the 2 00:00:10,640 --> 00:00:14,560 Speaker 1: Bloomberg Balance of Power podcast. Catch Just Live weekdays at 3 00:00:14,560 --> 00:00:16,959 Speaker 1: noon Eastern on Appo, car Play, and then roun Otto 4 00:00:17,040 --> 00:00:20,079 Speaker 1: with the Bloomberg Business app. Listen on demand wherever you 5 00:00:20,160 --> 00:00:25,360 Speaker 1: get your podcasts, or watch us live on YouTube. 6 00:00:26,360 --> 00:00:29,720 Speaker 2: HACKEM. Jeffreys and Senator Chuck Schumer, the Senate Majority leader, 7 00:00:29,760 --> 00:00:32,559 Speaker 2: are speaking in a joint press conference. Senator Schumer speaking now, 8 00:00:32,600 --> 00:00:33,320 Speaker 2: so let's listen in. 9 00:00:33,400 --> 00:00:37,559 Speaker 3: President Biden's selfless decision has given the Democratic Party the 10 00:00:37,680 --> 00:00:42,720 Speaker 3: opportunity to unite behind a new nominee. And boy, oh boy, 11 00:00:42,840 --> 00:00:48,120 Speaker 3: are we enthusiastic. Since President Biden's announcement, We've seen the 12 00:00:48,120 --> 00:00:57,160 Speaker 3: Democratic Party swiftly coalists behind Vice President Kamala Harris. When 13 00:00:57,200 --> 00:01:00,360 Speaker 3: I spoke with her Sunday, she said she want the 14 00:01:00,440 --> 00:01:04,440 Speaker 3: opportunity to win the nomination on her own, and to 15 00:01:04,520 --> 00:01:09,600 Speaker 3: do so from the grassroots up, not top down. We 16 00:01:09,640 --> 00:01:14,160 Speaker 3: deeply respected that, Hakima, and I did. She said she 17 00:01:14,240 --> 00:01:17,479 Speaker 3: would work to earn the support of our party, and boy, 18 00:01:17,959 --> 00:01:23,000 Speaker 3: has she done so in quick order. Vice President Harris 19 00:01:23,000 --> 00:01:26,560 Speaker 3: has done a truly impressive job securing the majority of 20 00:01:26,600 --> 00:01:30,800 Speaker 3: delegates needed to win the Democratic Party's nomination to be 21 00:01:30,840 --> 00:01:34,800 Speaker 3: our next president to the United States. The vast majority 22 00:01:34,800 --> 00:01:39,640 Speaker 3: of my senators quickly and enthusiastically endorsed her. So now 23 00:01:39,680 --> 00:01:43,960 Speaker 3: that the process is played out from the grassroots bottom up, 24 00:01:44,440 --> 00:01:48,720 Speaker 3: we are here today to throw our support behind Vice 25 00:01:48,840 --> 00:01:50,440 Speaker 3: President Kamala Harris. 26 00:01:51,440 --> 00:01:56,000 Speaker 4: Kamala Harris is a common sense leader who knows how 27 00:01:56,000 --> 00:02:01,480 Speaker 4: to deliver real results for hard working American taxpayers. Kamala 28 00:02:01,520 --> 00:02:06,200 Speaker 4: Harris is a courageous leader who has worked hard throughout 29 00:02:06,240 --> 00:02:11,360 Speaker 4: her entire career to keep our communities safe. Kamala Harris 30 00:02:11,400 --> 00:02:17,040 Speaker 4: is a compassionate leader who will build an affordable economy 31 00:02:17,800 --> 00:02:23,000 Speaker 4: that makes life better for everyday Americans. Kamala Harris will 32 00:02:23,040 --> 00:02:27,280 Speaker 4: fight for our freedom. Kamala Harris will fight for our families. 33 00:02:27,520 --> 00:02:31,920 Speaker 4: Kamala Harris will fight for our future. I'm proud to 34 00:02:32,040 --> 00:02:37,000 Speaker 4: strongly endorse Kamala Harris to be the forty seventh President 35 00:02:37,400 --> 00:02:40,680 Speaker 4: of the United States of America. We're gonna hold the Senate, 36 00:02:40,919 --> 00:02:44,840 Speaker 4: We're gonna win the House. We're gonna elect Kamala Harris 37 00:02:45,080 --> 00:02:47,320 Speaker 4: as our next president in November. 38 00:02:49,000 --> 00:02:50,799 Speaker 3: Thank you, yes, well, question John? 39 00:02:50,800 --> 00:02:53,680 Speaker 2: All Right? That was the House Democratic Leader Hakeem Jeffrey 40 00:02:53,760 --> 00:02:57,399 Speaker 2: speaking alongside the Senate Majority Leader Chuck Schumer, both of 41 00:02:57,440 --> 00:03:01,480 Speaker 2: them giving Vice President Kamala Harris their ringing endorsements. Let's 42 00:03:01,520 --> 00:03:04,639 Speaker 2: turn out quickly back to Capitol Hill where Congressman Mark 43 00:03:04,680 --> 00:03:07,440 Speaker 2: Pokan of Wisconsin has been very patient with us. Sir, 44 00:03:07,520 --> 00:03:10,160 Speaker 2: thank you for bearing with us through that endorsement. Obviously 45 00:03:10,160 --> 00:03:12,400 Speaker 2: your party very much behind Kamala Harris, who was in 46 00:03:12,480 --> 00:03:14,760 Speaker 2: your home state today. What message is it that she 47 00:03:14,880 --> 00:03:18,120 Speaker 2: needs to bring to Milwaukee, What would win it for her? 48 00:03:18,960 --> 00:03:19,200 Speaker 5: Yeah? 49 00:03:19,320 --> 00:03:21,519 Speaker 6: I think you know, in many ways, this is a reintroduction. 50 00:03:21,639 --> 00:03:23,760 Speaker 6: You know, people don't always deal with vice president as 51 00:03:23,800 --> 00:03:26,400 Speaker 6: often as the president. We're close to the election, and 52 00:03:26,440 --> 00:03:29,720 Speaker 6: this is really imperative for her to let the people 53 00:03:29,760 --> 00:03:32,400 Speaker 6: of the country know what we know about her, which 54 00:03:32,440 --> 00:03:35,360 Speaker 6: is her ability to be the president, that she has 55 00:03:35,400 --> 00:03:38,760 Speaker 6: an agenda moving forward, that there's a huge difference between 56 00:03:39,040 --> 00:03:41,840 Speaker 6: Donald Trump and his Project twenty twenty five and the 57 00:03:41,920 --> 00:03:45,040 Speaker 6: values of Democrats. I just saw Wisconsin based journalist just 58 00:03:45,120 --> 00:03:47,320 Speaker 6: was tweeting that the amount of energy in the room 59 00:03:47,320 --> 00:03:49,480 Speaker 6: in Milwaukee now compared to a few weeks ago in 60 00:03:49,520 --> 00:03:53,400 Speaker 6: Madison is a distinct difference, and I think that's what 61 00:03:53,440 --> 00:03:57,320 Speaker 6: you're seeing. People are excited that Kamala Harris is the nominee. 62 00:03:57,400 --> 00:04:00,720 Speaker 6: They're excited about the prospects. Now, you know, it's the 63 00:04:00,760 --> 00:04:03,520 Speaker 6: Republican Party that has the problem. They've got, you know, 64 00:04:03,560 --> 00:04:05,240 Speaker 6: one of the two people during the debate that people 65 00:04:05,280 --> 00:04:08,080 Speaker 6: weren't connecting with still is their nominee. We've got someone 66 00:04:08,080 --> 00:04:09,720 Speaker 6: that I think is going to be really great to 67 00:04:09,760 --> 00:04:10,840 Speaker 6: be running in Wisconsin. 68 00:04:12,720 --> 00:04:15,560 Speaker 2: Well, of course, sir, you are not just a sitting 69 00:04:15,600 --> 00:04:17,680 Speaker 2: congressman from the state of Wisconsin. You are also the 70 00:04:17,680 --> 00:04:20,440 Speaker 2: co chair and the co founder of the Labor Caucus. 71 00:04:20,480 --> 00:04:22,839 Speaker 2: So keeping in mind the act that Harris has to 72 00:04:22,920 --> 00:04:25,680 Speaker 2: follow here President Biden, who has called himself the most 73 00:04:25,720 --> 00:04:29,279 Speaker 2: pro labor president in history, and thinking about the labor 74 00:04:29,320 --> 00:04:31,599 Speaker 2: votes that need to be secured not just in Wisconsin 75 00:04:31,680 --> 00:04:35,680 Speaker 2: but the rest of the Blue Wall Michigan, Pennsylvania. Is 76 00:04:35,760 --> 00:04:39,680 Speaker 2: Harris as strong on labor? Can she own that in 77 00:04:39,720 --> 00:04:40,760 Speaker 2: the way that Biden has? 78 00:04:41,839 --> 00:04:43,479 Speaker 6: Well, I think, you know, she's been part of what 79 00:04:43,680 --> 00:04:46,920 Speaker 6: Joe Biden has done for working people across the country, 80 00:04:47,000 --> 00:04:50,560 Speaker 6: So she certainly has those cred points. But more importantly, 81 00:04:50,560 --> 00:04:52,920 Speaker 6: when you look at Donald Trump's Project twenty twenty five 82 00:04:52,960 --> 00:04:54,960 Speaker 6: it once it get rid of overtime in this country. 83 00:04:55,000 --> 00:04:57,760 Speaker 6: I mean, it has extreme measures that would hurt working 84 00:04:57,800 --> 00:05:01,240 Speaker 6: families in a place like Wisconsin especially, And I think 85 00:05:01,279 --> 00:05:05,120 Speaker 6: that contrast behind, you know, the pro worker initiatives that 86 00:05:05,240 --> 00:05:08,719 Speaker 6: Joe Biden Kamala Harris did versus the extremity of this 87 00:05:08,880 --> 00:05:12,120 Speaker 6: extreme agenda from Trump's Project twenty twenty five. I mean, 88 00:05:12,320 --> 00:05:15,400 Speaker 6: taking away overtime. You know, your worker, your employer could 89 00:05:15,400 --> 00:05:17,839 Speaker 6: make you work forever and never get paid extra. I 90 00:05:17,839 --> 00:05:21,000 Speaker 6: mean that's insane, and yet that's exactly what's in their agenda. 91 00:05:22,720 --> 00:05:25,200 Speaker 2: Congressman, in our final moment with you, it's worth noting 92 00:05:25,240 --> 00:05:28,640 Speaker 2: that your district includes Madison. It's a college town. We've 93 00:05:28,640 --> 00:05:31,599 Speaker 2: seen some difficulty for Biden during the primary process in 94 00:05:31,680 --> 00:05:34,279 Speaker 2: places where there is a high concentration of young people, 95 00:05:34,320 --> 00:05:37,560 Speaker 2: in part because of his policy toward Israel and Gaza. 96 00:05:37,680 --> 00:05:40,400 Speaker 2: Is Kamala Harris the candidate to get that young vote back? 97 00:05:41,720 --> 00:05:42,000 Speaker 3: Yes? 98 00:05:42,040 --> 00:05:43,840 Speaker 6: In fact, I hate was with a couple of UW. 99 00:05:43,880 --> 00:05:47,440 Speaker 6: Madison College Democrats on Saturday and they're talking about the 100 00:05:47,480 --> 00:05:50,000 Speaker 6: difficulty they had right now with Joe Biden. But what 101 00:05:50,160 --> 00:05:53,760 Speaker 6: how different it would be if Kamala Harris was the 102 00:05:54,160 --> 00:05:57,000 Speaker 6: nominee and Kamala Harris is now the nominee. So I think, 103 00:05:57,040 --> 00:05:58,640 Speaker 6: you know, having to be able to kind of turn 104 00:05:58,640 --> 00:06:00,799 Speaker 6: the page on that issue a little bit and having 105 00:06:00,839 --> 00:06:04,320 Speaker 6: the new energy across the board is something that I see. 106 00:06:04,560 --> 00:06:06,640 Speaker 6: And you know, we have a lot of university students 107 00:06:06,640 --> 00:06:09,120 Speaker 6: in Wisconsin. I you know, I think it's something like 108 00:06:09,120 --> 00:06:11,720 Speaker 6: one hundred and fifty thousand students. That's a lot of 109 00:06:11,800 --> 00:06:14,159 Speaker 6: votes in a state where someone wins by twenty thousand people. 110 00:06:15,839 --> 00:06:18,000 Speaker 2: All right, Congressman, thank you so much for joining us 111 00:06:18,040 --> 00:06:20,200 Speaker 2: on Bloomberg today, and thank you for your patients. As 112 00:06:20,200 --> 00:06:22,039 Speaker 2: we got that press conference from your leader in the 113 00:06:22,080 --> 00:06:25,920 Speaker 2: Senate Majority Leader, Congressman Mark Pocan of Wisconsin, we appreciate 114 00:06:25,960 --> 00:06:26,560 Speaker 2: your time. Serve. 115 00:06:27,760 --> 00:06:31,160 Speaker 1: You're listening to the Bloomberg Balance of Power podcast kens 116 00:06:31,240 --> 00:06:34,600 Speaker 1: just live weekdays at noon Eastern on Appocarplay and enroud 117 00:06:34,600 --> 00:06:37,320 Speaker 1: Oro with the Bloomberg Business app. You can also listen 118 00:06:37,440 --> 00:06:40,520 Speaker 1: live on Amazon Alexa from our flagship New York station, 119 00:06:40,920 --> 00:06:43,640 Speaker 1: Just Say Alexa play Bloomberg eleven thirty. 120 00:06:45,880 --> 00:06:48,240 Speaker 2: Of course, one week ago today, we were broadcasting to 121 00:06:48,279 --> 00:06:53,120 Speaker 2: you live from Milwaukee Wisconsin, talking about Republican unity as 122 00:06:53,120 --> 00:06:57,200 Speaker 2: they rallied behind Donald Trump and vice presidential selection JD. Vance, 123 00:06:57,200 --> 00:07:00,720 Speaker 2: while the Democratic Party looked rather ununified, with growing calls 124 00:07:00,760 --> 00:07:02,560 Speaker 2: within it for Joe Biden to drop out of the 125 00:07:02,560 --> 00:07:05,960 Speaker 2: presidential race. Of course, this week he has now done so, 126 00:07:06,520 --> 00:07:09,040 Speaker 2: and Kamala Harris, the vice president, now is the presumptive 127 00:07:09,080 --> 00:07:12,880 Speaker 2: Democratic nominee, after getting pledges from enough delegates to secure 128 00:07:12,920 --> 00:07:15,720 Speaker 2: her that position at the top of the ticket come 129 00:07:15,800 --> 00:07:19,120 Speaker 2: the convention next month. The question is now, how do 130 00:07:19,200 --> 00:07:22,280 Speaker 2: Republicans wage a campaign against Kamala Harris? How will it 131 00:07:22,320 --> 00:07:25,920 Speaker 2: be different than the one they were waging against Joe Biden. 132 00:07:26,280 --> 00:07:29,040 Speaker 2: We've already seen a taste from the ticket, Jadie Vance, 133 00:07:29,120 --> 00:07:32,400 Speaker 2: the senator from Ohio vice presidential nominee, talking about how 134 00:07:32,400 --> 00:07:35,280 Speaker 2: Biden and Harris may be more of the same. While 135 00:07:35,320 --> 00:07:38,080 Speaker 2: Donald Trump does seem to have resorted to calling her 136 00:07:38,160 --> 00:07:41,080 Speaker 2: lion Kamala or, at least in one true social post yesterday, 137 00:07:41,680 --> 00:07:44,240 Speaker 2: calling her and this is a quote, dumb as a rock, 138 00:07:44,440 --> 00:07:47,480 Speaker 2: Kamala Harris? Is that a winning strategy? I asked that 139 00:07:47,880 --> 00:07:51,360 Speaker 2: of Larry Sabadeau of the UVA Center for Politics yesterday. 140 00:07:52,040 --> 00:07:55,280 Speaker 7: Being insulting is not a good way to go. They're 141 00:07:55,320 --> 00:07:57,800 Speaker 7: going to have to take her very seriously. For one thing, 142 00:07:58,000 --> 00:08:01,680 Speaker 7: she's much younger and more vigorous then Biden. The age 143 00:08:01,720 --> 00:08:05,200 Speaker 7: problem is gone. There are other problems. There are always 144 00:08:05,240 --> 00:08:09,200 Speaker 7: problems with any candidate, but the Republicans have to do 145 00:08:09,280 --> 00:08:10,480 Speaker 7: a lot better than that. 146 00:08:12,880 --> 00:08:14,840 Speaker 2: So let's talk to one Republican now, and please to 147 00:08:14,840 --> 00:08:17,640 Speaker 2: say joining me is Republican Senator Shelley Moore, Capital of 148 00:08:17,680 --> 00:08:21,119 Speaker 2: West Virginia. Senator, welcome back to Bloomberg TV and Radio. 149 00:08:21,200 --> 00:08:23,440 Speaker 2: Always great to have you, and you, of course speak 150 00:08:23,520 --> 00:08:25,520 Speaker 2: to us not just as a sitting senator but someone 151 00:08:25,520 --> 00:08:28,520 Speaker 2: who was in the Senate with Kamala Harris and actually 152 00:08:28,680 --> 00:08:32,760 Speaker 2: in fact, at some points crafted by partisan legislation with her. 153 00:08:33,080 --> 00:08:35,520 Speaker 2: What is the smart way for your party to tackle 154 00:08:35,840 --> 00:08:37,040 Speaker 2: a campaign against her. 155 00:08:38,360 --> 00:08:40,960 Speaker 8: I think there's no question that the best way to 156 00:08:41,080 --> 00:08:45,240 Speaker 8: campaign against the presumptive nominee is to look at the policies. 157 00:08:46,360 --> 00:08:50,640 Speaker 8: The team is Biden Harris. The policies are Biden Harris. 158 00:08:50,679 --> 00:08:54,920 Speaker 8: So whether that's immigration policy, economic policy with rising costs 159 00:08:54,920 --> 00:09:00,240 Speaker 8: of inflation, whether it's the unsure international situation where we're 160 00:09:00,440 --> 00:09:03,000 Speaker 8: looked at as in a weakened position because of the 161 00:09:03,040 --> 00:09:07,200 Speaker 8: policies of Vice President Harris. At the same time, crime 162 00:09:07,360 --> 00:09:09,720 Speaker 8: in the cities. I mean, all of the things that 163 00:09:09,880 --> 00:09:14,040 Speaker 8: Americans and West Virginians are upset about lay directly at 164 00:09:14,080 --> 00:09:16,800 Speaker 8: the doorstep of the Vice president. And so I think, 165 00:09:16,840 --> 00:09:21,200 Speaker 8: in my view, attack on policies, attack on vulnerabilities in 166 00:09:21,280 --> 00:09:25,200 Speaker 8: terms of the issues that I mentioned, and that's a 167 00:09:25,200 --> 00:09:27,160 Speaker 8: winning strategy in my view. 168 00:09:28,960 --> 00:09:31,640 Speaker 2: Well, Senator, of course, Harris would not be in this 169 00:09:31,760 --> 00:09:34,720 Speaker 2: position to compete for the presidency if it weren't for 170 00:09:34,840 --> 00:09:37,480 Speaker 2: Joe Biden dropping out of the race this past Sunday. 171 00:09:38,000 --> 00:09:41,360 Speaker 2: You yesterday put out a statement in which you basically questioned, 172 00:09:41,400 --> 00:09:44,719 Speaker 2: if his ability to continue on a presidential campaign is 173 00:09:44,760 --> 00:09:47,000 Speaker 2: in question, what about his ability to continue on as 174 00:09:47,040 --> 00:09:50,640 Speaker 2: president of the United States. You have called for his resignation. 175 00:09:51,160 --> 00:09:53,560 Speaker 2: If you were to resign, though, that would make Vice 176 00:09:53,600 --> 00:09:58,160 Speaker 2: President Harris president. Now, is that what's better for the country. 177 00:09:58,559 --> 00:10:00,440 Speaker 8: Well, I think what's better for the country is to 178 00:10:00,440 --> 00:10:02,560 Speaker 8: have somebody in charge who knows what they're doing, and 179 00:10:02,559 --> 00:10:05,080 Speaker 8: that's what we're going to see in November when President 180 00:10:05,080 --> 00:10:08,400 Speaker 8: Trump is reelected. So I definitely think that is a 181 00:10:08,520 --> 00:10:11,440 Speaker 8: much better position for the country. But here's my concern. 182 00:10:12,720 --> 00:10:16,360 Speaker 8: The President made a difficult decision to not continue campaigning. 183 00:10:16,600 --> 00:10:20,600 Speaker 8: He's pretty much self declared that he's not in a 184 00:10:20,640 --> 00:10:23,199 Speaker 8: position to be able to do that. He didn't enumerate 185 00:10:23,280 --> 00:10:25,080 Speaker 8: the issues, but we all know what they are. We 186 00:10:25,120 --> 00:10:27,960 Speaker 8: saw them in full display at the debate. Those issues 187 00:10:28,000 --> 00:10:31,760 Speaker 8: do not start on that one day. Those issues that 188 00:10:31,840 --> 00:10:34,240 Speaker 8: the President has had have been going along over the 189 00:10:34,280 --> 00:10:36,720 Speaker 8: last probably several years. If you've had anybody in your 190 00:10:36,760 --> 00:10:40,320 Speaker 8: family who's aged and aged in this way, Vice President 191 00:10:40,400 --> 00:10:43,480 Speaker 8: Harris has been right there with him. Why was she 192 00:10:43,720 --> 00:10:46,080 Speaker 8: not making the American people aware? Why were they not 193 00:10:46,920 --> 00:10:50,800 Speaker 8: working more hand in hand with the Congress to let 194 00:10:50,880 --> 00:10:53,360 Speaker 8: us know what's actually going on at the White House? 195 00:10:53,760 --> 00:10:55,719 Speaker 8: And so I just don't think six more months of 196 00:10:55,800 --> 00:10:59,520 Speaker 8: President Biden is in our best interest. And these issues 197 00:10:59,520 --> 00:11:02,360 Speaker 8: don't get better, we know that, and in sometimes they 198 00:11:02,480 --> 00:11:05,520 Speaker 8: spiral out of control. And so I just think the 199 00:11:05,520 --> 00:11:09,559 Speaker 8: country in and of itself would be better without President 200 00:11:09,600 --> 00:11:10,400 Speaker 8: Biden at the helm. 201 00:11:12,320 --> 00:11:15,800 Speaker 2: Does that mean Senator considering that President Biden already, even 202 00:11:15,840 --> 00:11:17,640 Speaker 2: if he does not resign as you wish him to, 203 00:11:17,720 --> 00:11:20,000 Speaker 2: and there's been no sign that he is intending to 204 00:11:20,040 --> 00:11:22,520 Speaker 2: do that as in his letter, he basically just said 205 00:11:22,559 --> 00:11:24,840 Speaker 2: he intends to fulfill the duties of the president for 206 00:11:24,880 --> 00:11:28,559 Speaker 2: the remainder of his term. Does that signal that even 207 00:11:28,559 --> 00:11:31,520 Speaker 2: in the lame duck session after the election, you don't 208 00:11:31,520 --> 00:11:35,400 Speaker 2: see anything that Congress and this White House led by 209 00:11:35,480 --> 00:11:38,040 Speaker 2: President Biden could work together on. Are we not going 210 00:11:38,120 --> 00:11:41,120 Speaker 2: to see any movement on say, government funding or the 211 00:11:41,120 --> 00:11:43,199 Speaker 2: debtlimit or the Defense Authorization? 212 00:11:44,360 --> 00:11:46,360 Speaker 8: No. I think we will be moving forward here in 213 00:11:46,400 --> 00:11:50,200 Speaker 8: the Senate on our appropriations bills. We'll be having some 214 00:11:50,240 --> 00:11:51,960 Speaker 8: of those pass out of committee this week. I'm on 215 00:11:52,000 --> 00:11:54,520 Speaker 8: that committee. And we have to have our spending. We 216 00:11:54,559 --> 00:11:56,560 Speaker 8: either have to have a continuing resolution or something to 217 00:11:56,600 --> 00:11:59,400 Speaker 8: the end of the year. Yes, I think that can continue. 218 00:11:59,440 --> 00:12:02,560 Speaker 8: We need to real authorized the National Defense Authorization Act. 219 00:12:02,760 --> 00:12:04,560 Speaker 8: We will do that by the end of the year 220 00:12:04,840 --> 00:12:09,000 Speaker 8: here in Congress, and the President will sign those bills. Absolutely. 221 00:12:09,440 --> 00:12:11,960 Speaker 8: But the question I'm asking is is he really the 222 00:12:11,960 --> 00:12:16,360 Speaker 8: one in charge here? I think all Americans are wondering 223 00:12:16,400 --> 00:12:19,120 Speaker 8: that themselves, and so I just want a little honesty 224 00:12:19,160 --> 00:12:21,880 Speaker 8: from the White House, from his biggest supporters, from his 225 00:12:21,920 --> 00:12:24,600 Speaker 8: Democrat supporters here in the Senate, to be honest with 226 00:12:24,640 --> 00:12:27,440 Speaker 8: the American people to say what the situation has been. 227 00:12:27,720 --> 00:12:30,400 Speaker 8: That's really not going to impact so much the election, 228 00:12:31,360 --> 00:12:33,960 Speaker 8: except if there's a cover up of what kind of 229 00:12:35,000 --> 00:12:37,360 Speaker 8: challenges have been in the White House over the last 230 00:12:37,360 --> 00:12:40,960 Speaker 8: several months. That's my question. This is not a personal thing, too, okay, 231 00:12:41,160 --> 00:12:42,800 Speaker 8: because I know the President. 232 00:12:44,040 --> 00:12:46,400 Speaker 2: Well sure, and Senator of course you'd worked with him 233 00:12:46,400 --> 00:12:49,880 Speaker 2: in bipartisan legislative efforts like the infrastructure bill earlier on 234 00:12:50,240 --> 00:12:52,680 Speaker 2: in his term. Have you seen from your position in 235 00:12:52,720 --> 00:12:55,080 Speaker 2: the US Senate evidence that Joe Biden has not been 236 00:12:55,080 --> 00:12:59,760 Speaker 2: the one in charge of making decisions or anything concrete, 237 00:12:59,840 --> 00:13:02,240 Speaker 2: or that's what you're hoping might I. 238 00:13:02,200 --> 00:13:04,120 Speaker 8: Think these are the questions that need to Yeah, I 239 00:13:04,160 --> 00:13:06,360 Speaker 8: think these are the questions that need to be asked. 240 00:13:06,679 --> 00:13:09,679 Speaker 8: I mean, honestly, we just signed a nuclear bill into 241 00:13:10,000 --> 00:13:12,480 Speaker 8: and to affect The President just signed my nuclear bill. 242 00:13:12,520 --> 00:13:15,880 Speaker 8: He just signed my National Plan to end Parkinson's Bill, 243 00:13:16,040 --> 00:13:18,800 Speaker 8: So they're things that we're doing together. I just think 244 00:13:18,840 --> 00:13:21,160 Speaker 8: these are questions, and I think it also lends to 245 00:13:21,640 --> 00:13:24,320 Speaker 8: what kind of a candidate Vice President Harris is going 246 00:13:24,360 --> 00:13:26,360 Speaker 8: to be. She's been in the White House, she's been 247 00:13:26,400 --> 00:13:29,199 Speaker 8: witnessing everything that's going on let's just have a little honesty. 248 00:13:29,200 --> 00:13:34,520 Speaker 2: Hear well, Senator, As we talk about your calls for 249 00:13:34,640 --> 00:13:36,880 Speaker 2: Joe Biden to resign, it is worth pointing out we 250 00:13:36,920 --> 00:13:39,319 Speaker 2: did get a resignation today, not from him, but from 251 00:13:39,360 --> 00:13:42,680 Speaker 2: the Director of the Secret Service, Kimberly Cheatle. Of course, 252 00:13:42,679 --> 00:13:44,600 Speaker 2: she'd been facing a lot of pressure to do so 253 00:13:44,640 --> 00:13:47,800 Speaker 2: in the aftermath of the attempted assassination of Donald Trump 254 00:13:47,880 --> 00:13:50,640 Speaker 2: last weekend. Now that she has stepped down, what do 255 00:13:50,679 --> 00:13:52,520 Speaker 2: you want to see happen next? 256 00:13:53,440 --> 00:13:54,960 Speaker 8: Well, the first thing we've got to have and this 257 00:13:55,000 --> 00:13:57,160 Speaker 8: is a bipart is an issue, and you see over 258 00:13:57,200 --> 00:13:59,199 Speaker 8: on the House they've appointed a committee. We got to 259 00:13:59,240 --> 00:14:02,720 Speaker 8: have transparency, actually what happened that day, where the fault 260 00:14:02,720 --> 00:14:05,320 Speaker 8: lines were, how this could even, how a shooter could 261 00:14:05,320 --> 00:14:08,200 Speaker 8: get that close, what were the protocols in place, who 262 00:14:08,280 --> 00:14:11,320 Speaker 8: was actually performing the duties. I think those are questions 263 00:14:11,320 --> 00:14:13,840 Speaker 8: that she couldn't even answer yesterday or would not answer, 264 00:14:14,360 --> 00:14:16,440 Speaker 8: And so you know, I'm sorry the head. The head 265 00:14:16,480 --> 00:14:19,800 Speaker 8: has to fall when there's such a colossal failure, and 266 00:14:19,840 --> 00:14:22,560 Speaker 8: I'm pleased that she resigned. So I think, first of all, 267 00:14:22,600 --> 00:14:24,160 Speaker 8: we have to find out what happened, and then we 268 00:14:24,240 --> 00:14:26,280 Speaker 8: have to make sure that it never happens again. And 269 00:14:26,320 --> 00:14:28,680 Speaker 8: I think that's in everybody's shared interest. I don't think 270 00:14:28,720 --> 00:14:33,120 Speaker 8: you're going to find a political a political shade to 271 00:14:33,200 --> 00:14:35,880 Speaker 8: this investigation. I think it will be very straightforward down 272 00:14:35,960 --> 00:14:38,120 Speaker 8: the line, and I look forward to those answers. 273 00:14:40,040 --> 00:14:42,480 Speaker 2: Well, I'm sure Donald Trump does as well. We just 274 00:14:42,520 --> 00:14:45,480 Speaker 2: had a headline crossing the Bloomberg terminal, Senator that Trump 275 00:14:45,560 --> 00:14:48,440 Speaker 2: is looking forward to meeting Israeli Prime Minister Benjamin Nett 276 00:14:48,480 --> 00:14:51,920 Speaker 2: Niyahoo tomorrow at Mara Lago. Before that happens, though, it 277 00:14:51,960 --> 00:14:54,760 Speaker 2: is worth pointing out the Prime Minister will be addressing 278 00:14:54,800 --> 00:14:57,080 Speaker 2: a joint session of Congress. He'll be there with you 279 00:14:57,440 --> 00:15:01,520 Speaker 2: on Capitol Hill. What are you expecting to hear from him, Senator. 280 00:15:02,160 --> 00:15:04,720 Speaker 8: Well, I think that what the Prime Minister will do 281 00:15:05,000 --> 00:15:07,360 Speaker 8: is he will reinforce to all of us in the audience. 282 00:15:07,400 --> 00:15:09,640 Speaker 8: And I hope we have the full audience. We're not 283 00:15:09,640 --> 00:15:12,080 Speaker 8: going to have the Vice president or the President. Senator 284 00:15:12,080 --> 00:15:13,800 Speaker 8: ben Cardon, a good friend is going to be the 285 00:15:13,800 --> 00:15:16,720 Speaker 8: one who's going to be presiding over this with the Speaker. 286 00:15:16,960 --> 00:15:19,800 Speaker 8: But I think what needs to be reinforced is the 287 00:15:19,960 --> 00:15:22,840 Speaker 8: long time relationship that Israel and the United States have 288 00:15:22,920 --> 00:15:26,440 Speaker 8: had how we have been great allies, protectors of freedom, 289 00:15:26,640 --> 00:15:29,840 Speaker 8: and they were attacked on October the seventh, and we 290 00:15:29,920 --> 00:15:33,800 Speaker 8: are in lockstep with them in terms of helping them 291 00:15:33,880 --> 00:15:37,320 Speaker 8: to weed out the terrorisms and the terrorists that attack 292 00:15:37,400 --> 00:15:39,800 Speaker 8: them so brutally. So I'm sure he's going to reinforce 293 00:15:39,880 --> 00:15:42,640 Speaker 8: the ties that bind us to Israel, and I think 294 00:15:42,680 --> 00:15:46,280 Speaker 8: he should and he should talk about where America has 295 00:15:46,320 --> 00:15:49,440 Speaker 8: been great in Israel and where Israel has helped us 296 00:15:49,520 --> 00:15:51,800 Speaker 8: as a nation, whether it's through intelligence or whether it's 297 00:15:51,800 --> 00:15:54,160 Speaker 8: through innovation. Some of the innovations that we see are 298 00:15:54,360 --> 00:15:57,040 Speaker 8: coming out of Israel are quite remarkable in small businesses. 299 00:15:57,320 --> 00:15:58,920 Speaker 8: So I think we have a lot. I think he's 300 00:15:58,920 --> 00:16:02,400 Speaker 8: going to reinforce where we have great agreement. I don't 301 00:16:02,440 --> 00:16:05,360 Speaker 8: expect him it could happen. I don't expect him to 302 00:16:05,400 --> 00:16:10,440 Speaker 8: get beleiglant or mad at the detractors. I don't think 303 00:16:10,480 --> 00:16:12,880 Speaker 8: that's probably in either one's best interest. I think it's 304 00:16:12,920 --> 00:16:15,720 Speaker 8: better to look at where we have such a strength 305 00:16:16,040 --> 00:16:19,240 Speaker 8: of relationship with the country of Israel. 306 00:16:20,960 --> 00:16:22,960 Speaker 2: All Right, Senator, thank you so much for joining us 307 00:16:22,960 --> 00:16:25,720 Speaker 2: here on Bloomberg TV and Radio. We appreciate your time 308 00:16:25,720 --> 00:16:29,520 Speaker 2: that as Republican Senator Shelley Moore, capital of West Virginia. Now, 309 00:16:29,560 --> 00:16:31,920 Speaker 2: on the subject of the new US Senate, a bit 310 00:16:31,920 --> 00:16:35,160 Speaker 2: of breaking news for you. According to the New Jersey Globe, 311 00:16:35,360 --> 00:16:38,360 Speaker 2: New Jersey Democrat, the Senator Bob Menendez is going to 312 00:16:38,400 --> 00:16:41,160 Speaker 2: be resigning from the chamber again. This is according to 313 00:16:41,240 --> 00:16:44,280 Speaker 2: the New Jersey Globe. That resignation letter, they report, could 314 00:16:44,280 --> 00:16:47,080 Speaker 2: come as soon as today, and it's been reported that 315 00:16:47,080 --> 00:16:52,160 Speaker 2: that resignation will be effective August twentieth. Bob Menendez, of course, 316 00:16:52,200 --> 00:16:57,040 Speaker 2: has been indicted on multiple criminal charges about corruption, and 317 00:16:58,040 --> 00:17:00,120 Speaker 2: there are a lot of calls for him to resign now. 318 00:17:00,120 --> 00:17:02,760 Speaker 2: According to the New Jersey Globe, he does plan to 319 00:17:02,800 --> 00:17:03,080 Speaker 2: do so. 320 00:17:04,800 --> 00:17:08,320 Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch 321 00:17:08,400 --> 00:17:11,280 Speaker 1: us live weekdays at noon Eastern on Appo, CarPlay and 322 00:17:11,320 --> 00:17:14,040 Speaker 1: then Proud Otto with the Bloomberg Business app. Listen on 323 00:17:14,119 --> 00:17:17,320 Speaker 1: demand wherever you get your podcasts, or watch us live 324 00:17:17,400 --> 00:17:19,800 Speaker 1: on YouTube. 325 00:17:20,960 --> 00:17:23,879 Speaker 2: We were watching what was a pretty contentious hearing in 326 00:17:23,920 --> 00:17:27,960 Speaker 2: the House Oversight Committee as lawmakers grilled Secret Service Director 327 00:17:28,040 --> 00:17:33,600 Speaker 2: Kimberly Cheadle about the failures in security last weekend in Pennsylvania. 328 00:17:33,640 --> 00:17:36,760 Speaker 2: When Donald Trump was shot in an assassination attempt, she 329 00:17:36,800 --> 00:17:40,480 Speaker 2: of course faced bipartisan calls to resign, and today she 330 00:17:40,640 --> 00:17:43,199 Speaker 2: has done so, saying in an email to staff, I 331 00:17:43,280 --> 00:17:46,359 Speaker 2: take full responsibility for the security lapse in light of 332 00:17:46,359 --> 00:17:48,600 Speaker 2: recent events. It is with a heavy heart that I 333 00:17:48,640 --> 00:17:52,120 Speaker 2: have made the difficult decision to step down as your director. 334 00:17:52,480 --> 00:17:54,480 Speaker 2: For more on this, Ellen Gilmer is joining us now. 335 00:17:54,480 --> 00:17:59,480 Speaker 2: She is Bloomberg Government's Homeland Security and Immigration reporter. So, Ellen, 336 00:17:59,520 --> 00:18:02,440 Speaker 2: we do know now that the Director of Homelands or 337 00:18:02,480 --> 00:18:06,359 Speaker 2: the Secretary of Homeland Security, Alejandra Maiorcis, has renamed an 338 00:18:06,480 --> 00:18:10,000 Speaker 2: acting Secret Service Director, Ronald Rowe. What else is going 339 00:18:10,040 --> 00:18:12,080 Speaker 2: to happen next now that we at least have someone 340 00:18:12,119 --> 00:18:12,960 Speaker 2: acting in place. 341 00:18:14,520 --> 00:18:18,160 Speaker 9: Well, the new acting director, Ronald Rowe, is obviously going 342 00:18:18,200 --> 00:18:20,080 Speaker 9: to have a lot on his plate immediately. So he's 343 00:18:20,119 --> 00:18:22,680 Speaker 9: somebody who's been at the Secret Service for nearly twenty 344 00:18:22,680 --> 00:18:25,280 Speaker 9: five years and a lot of leadership positions, and a 345 00:18:25,320 --> 00:18:27,080 Speaker 9: lot of what he's going to be doing now is 346 00:18:27,600 --> 00:18:33,679 Speaker 9: talking with lawmakers, talking with investigators from the whole universe 347 00:18:33,720 --> 00:18:37,919 Speaker 9: of investigations that has started looking into this, their independent reviews. 348 00:18:38,200 --> 00:18:40,840 Speaker 9: There's an internal review, and he's going to have to 349 00:18:40,880 --> 00:18:44,359 Speaker 9: try to restore confidence in the Secret Service. Obviously the 350 00:18:44,400 --> 00:18:46,920 Speaker 9: next step, the next bigger step would be to name 351 00:18:47,200 --> 00:18:50,640 Speaker 9: permanent or you know, to name a next director. There 352 00:18:50,640 --> 00:18:52,560 Speaker 9: are some senators who want that to be a Senate 353 00:18:52,560 --> 00:18:54,520 Speaker 9: confirmed position, which it is not right now. 354 00:18:56,560 --> 00:19:00,560 Speaker 2: So when we consider the what role called ungers has 355 00:19:00,560 --> 00:19:02,280 Speaker 2: to play in this, even if they don't have to 356 00:19:02,520 --> 00:19:06,720 Speaker 2: do the confirmation process. Yesterday, in that Oversight Committee hearing, 357 00:19:06,840 --> 00:19:08,760 Speaker 2: she was pretty adamant. It seemed like that she was 358 00:19:08,800 --> 00:19:11,040 Speaker 2: not going anywhere, that she wasn't stepping down. Do we 359 00:19:11,080 --> 00:19:13,720 Speaker 2: have a sense of what exactly changed in just the 360 00:19:13,800 --> 00:19:16,480 Speaker 2: last twenty four hours that led to her resignation this morning. 361 00:19:17,800 --> 00:19:19,840 Speaker 9: Well, I think it was clear during that hearing that 362 00:19:19,920 --> 00:19:24,320 Speaker 9: she didn't have confidence or support from either side of 363 00:19:24,359 --> 00:19:29,040 Speaker 9: the aisle. And it's really hard to help an agency 364 00:19:30,160 --> 00:19:32,920 Speaker 9: doing such a critical task as a Secret Service navigate 365 00:19:32,960 --> 00:19:35,879 Speaker 9: this kind of public scrutiny in these investigations with somebody 366 00:19:35,920 --> 00:19:40,359 Speaker 9: who doesn't have the support of all the decision makers 367 00:19:40,400 --> 00:19:42,719 Speaker 9: in Washington. So I think it was really just a 368 00:19:42,720 --> 00:19:46,879 Speaker 9: matter of time. She did the hearing, she made her case, 369 00:19:46,960 --> 00:19:50,160 Speaker 9: she explained as much as she was willing to explain 370 00:19:50,240 --> 00:19:53,679 Speaker 9: about the events of July thirteenth. It wasn't enough to 371 00:19:53,960 --> 00:19:55,960 Speaker 9: win anybody over, and that was clear by the end 372 00:19:56,000 --> 00:19:56,360 Speaker 9: of the day. 373 00:19:57,600 --> 00:20:00,359 Speaker 2: Well, Ellen, as you talk about the role of play 374 00:20:00,560 --> 00:20:04,720 Speaker 2: in disrupting perhaps the investigation process, where does that go next. 375 00:20:04,800 --> 00:20:07,080 Speaker 2: I'm sure it's ongoing right now as we speaks. This 376 00:20:07,160 --> 00:20:10,240 Speaker 2: assassination attempt was only ten days ago. But do we 377 00:20:10,280 --> 00:20:11,960 Speaker 2: have a sense of how long it is going to 378 00:20:12,000 --> 00:20:14,160 Speaker 2: take that process to wrap up entirely? 379 00:20:15,359 --> 00:20:18,280 Speaker 9: There are so many different investigations happening for you to 380 00:20:18,359 --> 00:20:23,560 Speaker 9: keep track of. There's one independent review that Biden ordered 381 00:20:23,640 --> 00:20:27,160 Speaker 9: immediately after the assassination attempt, and that's being done by 382 00:20:27,200 --> 00:20:32,120 Speaker 9: former government officials who've served in Democratic and Republican administrations, 383 00:20:32,200 --> 00:20:36,040 Speaker 9: including former Secretary jan and Napolitano and others. That has 384 00:20:36,040 --> 00:20:40,920 Speaker 9: a forty five day timeline. That's what they've committed to. Separately, 385 00:20:40,960 --> 00:20:43,600 Speaker 9: the Secret Service is doing an internal review that's supposed 386 00:20:43,640 --> 00:20:46,320 Speaker 9: to take sixty days. At the same time, of course, 387 00:20:46,359 --> 00:20:51,280 Speaker 9: Congress is investigating. House Speaker Johnston just is putting together 388 00:20:51,320 --> 00:20:53,200 Speaker 9: a task force that the House is going to vote 389 00:20:53,200 --> 00:20:56,240 Speaker 9: on this week that'll be bipartisan. There's no timeline that 390 00:20:56,280 --> 00:20:58,680 Speaker 9: they've committed to yet on that, but I expect they'll 391 00:20:58,720 --> 00:21:01,080 Speaker 9: aim to work quite quickly. And then of course the 392 00:21:01,160 --> 00:21:03,800 Speaker 9: FBI is investigating the particulars of the day and doing 393 00:21:03,840 --> 00:21:04,920 Speaker 9: a criminal investigation. 394 00:21:06,520 --> 00:21:08,560 Speaker 2: All right, it's a lot of moving parts and I'm 395 00:21:08,560 --> 00:21:10,520 Speaker 2: sure it's a lot to cover. Ellen, thank you so 396 00:21:10,600 --> 00:21:13,560 Speaker 2: much for joining us as we dissect this breaking news 397 00:21:13,560 --> 00:21:16,440 Speaker 2: on Cheetle's resignation. We appreciate it and look forward to 398 00:21:16,480 --> 00:21:19,280 Speaker 2: continuing to see what comes of your coverage. Is these 399 00:21:19,320 --> 00:21:23,400 Speaker 2: investigations move forward, Ellen Gilmer of Bloomberg Government covering homeland 400 00:21:23,400 --> 00:21:26,439 Speaker 2: security for US. Now, we also want to continue on 401 00:21:26,520 --> 00:21:28,919 Speaker 2: with what is, frankly our top story today, which is 402 00:21:28,960 --> 00:21:33,240 Speaker 2: the rapidly evolving narrative around Vice President Kamala Harris, now 403 00:21:33,240 --> 00:21:37,560 Speaker 2: seen as the presumptive Democratic nominee after locking up the 404 00:21:37,560 --> 00:21:41,080 Speaker 2: necessary amount of delegates to actually win the nomination at 405 00:21:41,119 --> 00:21:43,520 Speaker 2: the convention just four weeks from now. But we want 406 00:21:43,520 --> 00:21:46,080 Speaker 2: to look even further ahead, as Harris looks like she 407 00:21:46,119 --> 00:21:48,440 Speaker 2: will be leading the Democratic ticket and up against Donald 408 00:21:48,480 --> 00:21:51,960 Speaker 2: Trump in November, as to what markets should be watching 409 00:21:51,960 --> 00:21:55,240 Speaker 2: for policy wise, if she actually could be president of 410 00:21:55,280 --> 00:21:57,000 Speaker 2: the United States or at least what they should be 411 00:21:57,000 --> 00:21:59,320 Speaker 2: expecting to hear from her in terms of rhetoric on 412 00:21:59,359 --> 00:22:02,119 Speaker 2: the campaign t over the next several months. For that, 413 00:22:02,200 --> 00:22:04,480 Speaker 2: we turn out to Nathan Dean. He is Bloomberg Intelligence 414 00:22:04,560 --> 00:22:08,280 Speaker 2: senior US policy analyst based here in Washington, joining me 415 00:22:08,560 --> 00:22:10,520 Speaker 2: in studios. So, Nathan, you actually have a peace out 416 00:22:10,520 --> 00:22:12,880 Speaker 2: on the journal about this that looks into a variety 417 00:22:13,359 --> 00:22:16,159 Speaker 2: of different sectors. I guess if we just take it 418 00:22:16,160 --> 00:22:19,240 Speaker 2: from the highest level, if there is an area in 419 00:22:19,280 --> 00:22:22,399 Speaker 2: which there is just status quo Biden to Harris, not 420 00:22:22,520 --> 00:22:25,320 Speaker 2: much changes on e vent diagram, and then in the 421 00:22:25,400 --> 00:22:29,520 Speaker 2: other part things that could change dramatically under a potential 422 00:22:29,600 --> 00:22:32,760 Speaker 2: Harris administration and areas in which maybe there's some degree 423 00:22:32,800 --> 00:22:36,919 Speaker 2: of overlap. Is it largely more status quo than it 424 00:22:36,960 --> 00:22:38,480 Speaker 2: is Brace for Disruption? 425 00:22:38,800 --> 00:22:41,280 Speaker 10: Yes, we think it's mostly status quo for a lot 426 00:22:41,320 --> 00:22:43,960 Speaker 10: of industries, from banks to evs to big tech and 427 00:22:44,000 --> 00:22:46,440 Speaker 10: so forth like that. And we actually had an internal 428 00:22:46,480 --> 00:22:49,240 Speaker 10: discussion about this, and one of our consensus is is 429 00:22:49,280 --> 00:22:53,720 Speaker 10: that when President Biden became president, his policies more gravitated 430 00:22:53,720 --> 00:22:56,639 Speaker 10: to where Vice President Kalin Harris was as opposed to 431 00:22:56,720 --> 00:23:01,959 Speaker 10: Vice President Harris's policies gravitating where President bier stance is. 432 00:23:02,240 --> 00:23:04,320 Speaker 10: But I will say, if you're looking at banks, you know, 433 00:23:04,320 --> 00:23:05,880 Speaker 10: one of the things that we've been looking at, look 434 00:23:05,920 --> 00:23:08,680 Speaker 10: for a little bit more focus on consumer protection, look 435 00:23:08,720 --> 00:23:11,080 Speaker 10: for a little bit more focus on lowered of middle 436 00:23:11,119 --> 00:23:14,160 Speaker 10: income protections and so forth like that. But really comes 437 00:23:14,200 --> 00:23:16,800 Speaker 10: down to tariff's trade and then a lot of regulatory 438 00:23:16,840 --> 00:23:17,560 Speaker 10: actions after that. 439 00:23:17,680 --> 00:23:19,639 Speaker 2: Well, it strikes me on that note that we shouldn't 440 00:23:19,800 --> 00:23:22,359 Speaker 2: maybe just be thinking about, Okay, how would Harris differ 441 00:23:22,400 --> 00:23:25,600 Speaker 2: from Biden? But how much really realistically would Harris differ 442 00:23:25,640 --> 00:23:29,280 Speaker 2: from a Trump Vance administration, especially on things like tariffs. 443 00:23:29,320 --> 00:23:32,000 Speaker 2: We know that both Donald Trump and Jadvans are fans 444 00:23:32,000 --> 00:23:36,000 Speaker 2: of protectionism, if you will. We also have heard from JD. 445 00:23:36,160 --> 00:23:39,800 Speaker 2: Van's pretty kind words for competition regulators in the US, 446 00:23:39,840 --> 00:23:42,280 Speaker 2: praise for Lena Conn at the FTC. He seems to 447 00:23:42,280 --> 00:23:45,000 Speaker 2: be supportive in general of anti trust efforts. So are 448 00:23:45,040 --> 00:23:47,960 Speaker 2: there actually more ways in which the Republican and Democratic 449 00:23:47,960 --> 00:23:52,040 Speaker 2: ticket may align on policy than you might think at 450 00:23:52,160 --> 00:23:52,760 Speaker 2: face value? 451 00:23:52,840 --> 00:23:55,080 Speaker 10: Yeah, so let's talk about the technology aspect first. With 452 00:23:55,119 --> 00:23:57,840 Speaker 10: the anti trust you know, yeah, Senator Vance obviously gave 453 00:23:57,840 --> 00:24:00,240 Speaker 10: praise to Lena Kon here at a Bloomberg event in 454 00:24:00,280 --> 00:24:02,679 Speaker 10: the office a couple of months ago, And you know, 455 00:24:02,720 --> 00:24:04,320 Speaker 10: we don't think that's going to change all that much. 456 00:24:04,359 --> 00:24:07,479 Speaker 10: This idea of economic populism is going to remain at 457 00:24:07,480 --> 00:24:11,000 Speaker 10: the FTCDJ probably no matter who wins the election. So 458 00:24:11,000 --> 00:24:13,400 Speaker 10: if you're in the technology sector, it's certainly that you're 459 00:24:13,400 --> 00:24:15,000 Speaker 10: gonna have to live with now and you're probably gonna 460 00:24:15,000 --> 00:24:16,880 Speaker 10: have to live with in the future. When it comes 461 00:24:16,920 --> 00:24:20,359 Speaker 10: to tariffs, don't forget that when Senator Harris was around, 462 00:24:20,560 --> 00:24:23,879 Speaker 10: she voted against the Canadian US Mexico Agreement. She voted 463 00:24:23,880 --> 00:24:26,320 Speaker 10: against the TPP. Now a lot of that was because 464 00:24:26,320 --> 00:24:28,920 Speaker 10: of climate change concerns, and so we think that if 465 00:24:29,080 --> 00:24:31,600 Speaker 10: Vice President Harris were to win, look for the Inflation 466 00:24:31,680 --> 00:24:34,160 Speaker 10: Reduction Act to be boosted. But when it comes to tariffs, 467 00:24:34,280 --> 00:24:36,520 Speaker 10: I think you're going to continue with this Biden strategy 468 00:24:36,560 --> 00:24:40,600 Speaker 10: of targeted tariffs on specific industries to protect American workers 469 00:24:40,960 --> 00:24:44,440 Speaker 10: versus this idea of sixty percent general tariffs on all 470 00:24:44,480 --> 00:24:47,359 Speaker 10: imports coming from China. So I think, you know, the 471 00:24:47,440 --> 00:24:49,760 Speaker 10: Chinese rhetoric is going to be, you know, tough, no 472 00:24:49,760 --> 00:24:52,520 Speaker 10: matter who wins. But I think on the tariff's strategy 473 00:24:52,600 --> 00:24:55,480 Speaker 10: more targeted in the Harris presidency more broadly in a 474 00:24:55,520 --> 00:24:56,879 Speaker 10: Trump presidency. 475 00:24:56,600 --> 00:24:59,879 Speaker 2: Well, and as we consider what Harris or Trump presidents 476 00:25:00,760 --> 00:25:02,720 Speaker 2: can bring or might be able to bring, we also 477 00:25:02,720 --> 00:25:04,520 Speaker 2: have to consider that it's very much going to depend 478 00:25:04,600 --> 00:25:06,720 Speaker 2: on the balance of Congress and whether or not you 479 00:25:06,880 --> 00:25:10,600 Speaker 2: have perhaps cemented control across both chambers or a split 480 00:25:10,640 --> 00:25:12,359 Speaker 2: government which makes it hard to get things done. What 481 00:25:12,400 --> 00:25:14,960 Speaker 2: presidents do have power to do, though, is decide who 482 00:25:14,960 --> 00:25:18,040 Speaker 2: they want at the helm of regulators. And I wonder 483 00:25:18,400 --> 00:25:20,840 Speaker 2: to what extent you would expect that Kamala Harris would 484 00:25:20,840 --> 00:25:23,040 Speaker 2: mean consistency in terms of who is actually at the 485 00:25:23,040 --> 00:25:25,360 Speaker 2: top of these regulatory agencies, or if she might want 486 00:25:25,359 --> 00:25:27,680 Speaker 2: to bring her own people in to pursue a little 487 00:25:27,680 --> 00:25:29,480 Speaker 2: bit of a different kind of policy. 488 00:25:29,680 --> 00:25:31,639 Speaker 10: I think it's going to be mixed of both, you know. 489 00:25:31,680 --> 00:25:34,240 Speaker 10: I think I'm thinking of the SEC Chairman Gary Ginsling, right, 490 00:25:34,320 --> 00:25:38,359 Speaker 10: I'm getting I think Chairman Ginsler will probably stick around 491 00:25:38,400 --> 00:25:41,840 Speaker 10: another year to eighteen months if Kamala Harris wins, you know, 492 00:25:41,920 --> 00:25:44,200 Speaker 10: I think, but I think there's a lot of regulatory 493 00:25:44,200 --> 00:25:46,399 Speaker 10: agency leaders who are like, look, I've been here for 494 00:25:46,440 --> 00:25:49,439 Speaker 10: four years let's talk about a transition. So don't be 495 00:25:49,520 --> 00:25:52,520 Speaker 10: surprised if you see, you know, changing the guards. But 496 00:25:52,560 --> 00:25:55,320 Speaker 10: I'm thinking of Lena Khana at the FTC Rohe Chopra, 497 00:25:55,440 --> 00:25:58,080 Speaker 10: the director of the Consumer Financial Protection Bureau, now that 498 00:25:58,320 --> 00:26:00,600 Speaker 10: if they get a second term, they're going to run 499 00:26:00,720 --> 00:26:02,399 Speaker 10: out of the gates or out of the race. Are 500 00:26:02,480 --> 00:26:04,600 Speaker 10: the gates and they're going to say, look, let's run 501 00:26:04,640 --> 00:26:06,280 Speaker 10: with this and see if we can actually get a 502 00:26:06,320 --> 00:26:09,080 Speaker 10: little bit more of that consumer protectionism in place. Because 503 00:26:09,119 --> 00:26:11,400 Speaker 10: remember when Kamala Harris was Attorney General of the State 504 00:26:11,440 --> 00:26:14,640 Speaker 10: of California, she participated in a twenty five billion dollars 505 00:26:14,680 --> 00:26:18,200 Speaker 10: settlement against the big banks on foreclosure. But I would 506 00:26:18,200 --> 00:26:21,040 Speaker 10: always cost when you talk regulations, you have to remember 507 00:26:21,320 --> 00:26:24,080 Speaker 10: the courts because as the Supreme Court has shown over 508 00:26:24,080 --> 00:26:25,880 Speaker 10: the last month, it's going to be a lot more 509 00:26:25,880 --> 00:26:28,240 Speaker 10: difficult to do rulemakings in the future. So always just 510 00:26:28,320 --> 00:26:29,000 Speaker 10: keep that in mind. 511 00:26:29,400 --> 00:26:31,920 Speaker 2: Very good point as we consider checks and balances here 512 00:26:31,960 --> 00:26:34,040 Speaker 2: with Congress, there's also the check that can be provided 513 00:26:34,080 --> 00:26:36,600 Speaker 2: from the courts, as that is the third branch of government. 514 00:26:37,080 --> 00:26:39,920 Speaker 2: The judicial brands very very quickly though, when we think 515 00:26:39,920 --> 00:26:43,280 Speaker 2: about twenty twenty five what's ahead. Tax debate is obviously 516 00:26:43,320 --> 00:26:45,720 Speaker 2: going to be front and center, considering a lot of 517 00:26:45,760 --> 00:26:47,639 Speaker 2: the Trump tax cuts that need to be renewed do 518 00:26:47,760 --> 00:26:51,240 Speaker 2: focus more on small businesses on consumers, not necessarily the 519 00:26:51,240 --> 00:26:53,959 Speaker 2: business tax cuts. But Kamala Harris, actually, as you talk 520 00:26:54,000 --> 00:26:56,480 Speaker 2: about being more pro consumer protection and the little guy, 521 00:26:57,080 --> 00:26:59,000 Speaker 2: be supportive of renewing that. 522 00:26:58,880 --> 00:26:59,400 Speaker 1: Do we think? 523 00:26:59,480 --> 00:27:02,520 Speaker 10: I think so. I mean, just remember reconciliation comes into play. 524 00:27:02,560 --> 00:27:04,840 Speaker 10: This is if the House, the Senate, and the Presidency 525 00:27:04,880 --> 00:27:07,040 Speaker 10: goes to one party. If that happens, you're going to 526 00:27:07,040 --> 00:27:09,639 Speaker 10: see a broad tax debate. But I think ultimately you 527 00:27:09,680 --> 00:27:12,240 Speaker 10: are going to see, you know, a low middle income 528 00:27:12,320 --> 00:27:14,760 Speaker 10: that that individual tax cut that expires at the end 529 00:27:14,800 --> 00:27:17,000 Speaker 10: of twenty twenty five. I think that's going to stay 530 00:27:17,000 --> 00:27:19,000 Speaker 10: no matter who wins the presidency. It's gonna be a 531 00:27:19,040 --> 00:27:21,480 Speaker 10: little bit more tweaks on like things like the salt deduction, 532 00:27:21,880 --> 00:27:24,960 Speaker 10: maybe a little bit of corporate tax issues that expired, 533 00:27:25,160 --> 00:27:27,560 Speaker 10: but ultimately I think the individual tax rates are going 534 00:27:27,640 --> 00:27:28,600 Speaker 10: to remain very similar. 535 00:27:28,760 --> 00:27:31,280 Speaker 2: All right, Nathan Dean of Bloomberg Intelligence, We're going to 536 00:27:31,280 --> 00:27:32,840 Speaker 2: be talking to you a lot, as we always do 537 00:27:32,920 --> 00:27:34,720 Speaker 2: as we move forward through this campaign. Cycle. 538 00:27:36,040 --> 00:27:39,320 Speaker 1: You're listening to the Bloomberg Balance of Power podcast Ken 539 00:27:39,520 --> 00:27:42,560 Speaker 1: Just Live weekdays at noon Eastern on Applecarplay and then 540 00:27:42,640 --> 00:27:45,240 Speaker 1: royn Otro with the Bloomberg Business App. You can also 541 00:27:45,320 --> 00:27:48,800 Speaker 1: listen live on Amazon Alexa from our flagship New York station, 542 00:27:49,200 --> 00:27:51,880 Speaker 1: Just Say Alexa Play Bloomberg eleven thirty. 543 00:27:54,400 --> 00:27:57,280 Speaker 2: We got a little taste already of Kamala Harris at 544 00:27:57,280 --> 00:28:01,600 Speaker 2: the podium when she visited campaign headquarters in Wilmington, Delaware, yesterday. 545 00:28:02,359 --> 00:28:09,959 Speaker 11: Predators who abused women, fraudsters who ripped off consumers, cheters 546 00:28:10,240 --> 00:28:14,000 Speaker 11: who broke the rules for their own gain. So hear 547 00:28:14,040 --> 00:28:18,000 Speaker 11: me when I say I know Donald Trump's type. 548 00:28:19,720 --> 00:28:23,480 Speaker 2: She also said in those remarks in Delaware toward the 549 00:28:23,520 --> 00:28:26,680 Speaker 2: campaign staff that they're all here because we love our country. 550 00:28:27,320 --> 00:28:29,879 Speaker 2: She said she believes in foundational principles and freedom and 551 00:28:29,920 --> 00:28:33,080 Speaker 2: opportunity and justice and thinks that they are going to win. 552 00:28:33,119 --> 00:28:35,679 Speaker 2: The question is what's the winning message to bring to 553 00:28:35,800 --> 00:28:38,800 Speaker 2: Milwaukee today. So on that note, let's assemble our signature 554 00:28:38,840 --> 00:28:41,560 Speaker 2: political panel. Rick Davis of stone Court Capital and Genie 555 00:28:41,560 --> 00:28:45,600 Speaker 2: Shanzeno of Iona University, both Bloomberg Politics contributors, are here 556 00:28:45,640 --> 00:28:47,520 Speaker 2: with me. So Genie when we hear from her just 557 00:28:47,560 --> 00:28:50,760 Speaker 2: about twenty minutes from now, what does she need to say, 558 00:28:50,840 --> 00:28:53,120 Speaker 2: not just to the people of Wisconsin, but frankly the 559 00:28:53,160 --> 00:28:55,120 Speaker 2: people of America who may be tuning in to what 560 00:28:55,240 --> 00:28:57,840 Speaker 2: is going to be her first real campaign speech. 561 00:28:59,200 --> 00:29:01,360 Speaker 11: You know, I think she needs to show that she 562 00:29:01,600 --> 00:29:07,040 Speaker 11: has the vigor, energy, intellect, background to be president, the strength. Certainly. 563 00:29:07,080 --> 00:29:09,920 Speaker 11: I think she will highlight her background as a prosecutor, 564 00:29:10,280 --> 00:29:14,040 Speaker 11: her time as vice president. I think importantly she needs 565 00:29:14,080 --> 00:29:16,000 Speaker 11: to show that she is going to be a good 566 00:29:16,160 --> 00:29:19,880 Speaker 11: steward of the economy. That is something that people don't 567 00:29:19,920 --> 00:29:23,400 Speaker 11: think about necessarily when they think about when they think 568 00:29:23,440 --> 00:29:25,960 Speaker 11: about the vice president. And so that's going to be 569 00:29:26,040 --> 00:29:28,960 Speaker 11: something she's going to have to convince people that she 570 00:29:29,120 --> 00:29:32,320 Speaker 11: can do. And I've been going back and listening to 571 00:29:32,560 --> 00:29:36,920 Speaker 11: how she contrasted herself with Donald Trump in twenty twenty, 572 00:29:37,280 --> 00:29:40,080 Speaker 11: and one issue on the economy that she talked a 573 00:29:40,120 --> 00:29:43,480 Speaker 11: lot about at that point was housing. She said, he 574 00:29:43,640 --> 00:29:46,680 Speaker 11: is owned by the big banks. I fought the big banks. 575 00:29:46,720 --> 00:29:50,560 Speaker 11: I got eighteen billion back for people who were victimized 576 00:29:50,600 --> 00:29:53,680 Speaker 11: by the banks in terms of housing, while he was 577 00:29:53,720 --> 00:29:56,920 Speaker 11: a slumlord. So she is going to continue to make 578 00:29:56,960 --> 00:29:59,480 Speaker 11: the case that he is beholden to the big banks, 579 00:29:59,520 --> 00:30:03,520 Speaker 11: wealthy owners, promising corporate tax cuts, and she is going 580 00:30:03,560 --> 00:30:05,960 Speaker 11: to be a good stoart of the economy and has 581 00:30:06,080 --> 00:30:10,360 Speaker 11: the people, particularly middle and lower class people on her mind. 582 00:30:12,160 --> 00:30:14,320 Speaker 2: Well, that does strike me though, Rick is a lot 583 00:30:14,320 --> 00:30:16,880 Speaker 2: of the same kind of messaging that Joe Biden was 584 00:30:16,920 --> 00:30:19,080 Speaker 2: trying to bring to the campaign trail in two swing 585 00:30:19,120 --> 00:30:21,320 Speaker 2: states like Wisconsin, and we know how that effort was 586 00:30:21,360 --> 00:30:25,560 Speaker 2: going for him. Since considering that Kamala Harris doesn't have 587 00:30:25,640 --> 00:30:28,360 Speaker 2: the age issue, to Janie's points, she may seem more 588 00:30:28,440 --> 00:30:31,720 Speaker 2: vigorous and energetic in this appearance. Is that enough? Is 589 00:30:31,760 --> 00:30:34,480 Speaker 2: that actually enough to switch the balance in a state 590 00:30:34,560 --> 00:30:35,240 Speaker 2: like Wisconsin? 591 00:30:36,640 --> 00:30:36,840 Speaker 9: Yeah? 592 00:30:36,880 --> 00:30:40,880 Speaker 5: I would contend that it's probably a little less important 593 00:30:41,000 --> 00:30:44,120 Speaker 5: the actual issue set that she presents today and more 594 00:30:44,160 --> 00:30:47,240 Speaker 5: important that she pick a time and maybe today's day, 595 00:30:47,360 --> 00:30:50,600 Speaker 5: to distance herself a little bit from the Biden agenda, 596 00:30:50,800 --> 00:30:54,400 Speaker 5: whether that's on issues like foreign policy, national security, Gaza, 597 00:30:55,040 --> 00:30:59,520 Speaker 5: or that's on taxes or ev policy. I mean, there's 598 00:30:59,560 --> 00:31:03,000 Speaker 5: got to be something in there where she shows that 599 00:31:03,120 --> 00:31:07,240 Speaker 5: she is independent, that she's not just the second term 600 00:31:07,320 --> 00:31:10,720 Speaker 5: of Joe Biden, and I think Milwaukee's a perfect place 601 00:31:10,760 --> 00:31:15,120 Speaker 5: for it. It's a battleground city. It's actually more Republicans 602 00:31:15,160 --> 00:31:18,280 Speaker 5: live in Milwaukee than in any other single place in 603 00:31:18,920 --> 00:31:21,720 Speaker 5: the state. And they're younger, they're more moderate, they're more diverse. 604 00:31:22,480 --> 00:31:25,240 Speaker 5: It's the core of the black and Hispanic community within 605 00:31:25,480 --> 00:31:29,080 Speaker 5: Milwaukee or within Wisconsin. And so this is a really 606 00:31:29,200 --> 00:31:32,520 Speaker 5: good choice to be in this place at this time. 607 00:31:33,160 --> 00:31:35,600 Speaker 5: And I think being able to appeal to these voters 608 00:31:35,640 --> 00:31:39,800 Speaker 5: who frankly have been a little disaffected by the Biden administration, 609 00:31:40,040 --> 00:31:44,720 Speaker 5: whether it's their focus on only promoting union jobs or 610 00:31:45,320 --> 00:31:48,880 Speaker 5: kind of shoving the EV policy down their throat, or 611 00:31:49,280 --> 00:31:53,840 Speaker 5: you know, being entangled in foreign affairs like Gaza in Israel. 612 00:31:54,600 --> 00:31:58,000 Speaker 5: She's got a moment here and she's used yesterday very well. 613 00:31:58,240 --> 00:31:59,960 Speaker 5: Question is how will she use today's speech. 614 00:32:01,400 --> 00:32:03,120 Speaker 2: Well, I want to tease out that one issue in 615 00:32:03,160 --> 00:32:05,280 Speaker 2: particular you were talking about Rick when it comes to 616 00:32:05,320 --> 00:32:08,240 Speaker 2: foreign policy in Gaza Israel. We just got the headline 617 00:32:08,280 --> 00:32:11,080 Speaker 2: crossing from Donald Trump on True Social that Israeli Prime 618 00:32:11,080 --> 00:32:13,680 Speaker 2: Minister Benjamin Netanyahu is going to be visiting with him 619 00:32:14,120 --> 00:32:16,720 Speaker 2: at mar A Lago in Florida tomorrow after he gives 620 00:32:16,760 --> 00:32:20,440 Speaker 2: a joint session to Congress, which Kamala Harris will not 621 00:32:20,520 --> 00:32:23,200 Speaker 2: be presiding over, though we understand she will be meeting 622 00:32:23,240 --> 00:32:27,120 Speaker 2: with him separately this week while he's here in Washington. Genie, 623 00:32:27,160 --> 00:32:30,560 Speaker 2: how does she handle this issue of Israel and Gaza, 624 00:32:30,600 --> 00:32:33,520 Speaker 2: knowing first of all that her husband is the second Gentleman, 625 00:32:33,600 --> 00:32:36,160 Speaker 2: is a Jewish Man, but also that Joe Biden had 626 00:32:36,160 --> 00:32:39,200 Speaker 2: a real problem with especially the youth vote. When it 627 00:32:39,240 --> 00:32:41,600 Speaker 2: comes to this issue, is how does she need to 628 00:32:41,640 --> 00:32:42,600 Speaker 2: be different on it? 629 00:32:44,560 --> 00:32:47,640 Speaker 11: You know, I think she is going to be just 630 00:32:47,720 --> 00:32:50,880 Speaker 11: by the way that she presents in terms of the 631 00:32:50,920 --> 00:32:53,120 Speaker 11: work she has done in the past. She is going 632 00:32:53,200 --> 00:32:57,200 Speaker 11: to continue to say that she loves and supports Israel, 633 00:32:57,400 --> 00:33:01,040 Speaker 11: but that does not mean that every Israeli elected leader 634 00:33:01,080 --> 00:33:05,040 Speaker 11: like Benjamin Netanyaho is somebody that she has to embrace. 635 00:33:05,160 --> 00:33:08,720 Speaker 11: And so, you know, we saw what sixty Democrats skip 636 00:33:09,080 --> 00:33:12,440 Speaker 11: Netanyahu's speech nine years ago. Many more are going to 637 00:33:12,480 --> 00:33:16,000 Speaker 11: skip at this time. But the reality is so much 638 00:33:16,040 --> 00:33:19,480 Speaker 11: of the hype around this speech has been quelled by 639 00:33:19,520 --> 00:33:21,880 Speaker 11: the other news of the day that it's not quite 640 00:33:21,880 --> 00:33:24,760 Speaker 11: as damning for Democrats as it has been. But you know, 641 00:33:24,960 --> 00:33:27,880 Speaker 11: she is going to have to walk a very fine 642 00:33:27,960 --> 00:33:31,960 Speaker 11: line in terms of speaking with Netan Yahoo but not 643 00:33:32,080 --> 00:33:35,240 Speaker 11: attending that address, and making her support of Israel, which 644 00:33:35,280 --> 00:33:38,640 Speaker 11: is well known, continue to be put out front. And 645 00:33:38,680 --> 00:33:40,560 Speaker 11: so I think she will be able to do that. 646 00:33:42,400 --> 00:33:45,320 Speaker 2: Well. Ricause Genie talks about the very different reception that 647 00:33:45,760 --> 00:33:49,959 Speaker 2: Netanyahu may get from Republicans and Democrats in Congress. It's 648 00:33:50,000 --> 00:33:52,360 Speaker 2: also worth pointing out that we've had an ongoing conversation 649 00:33:52,760 --> 00:33:56,120 Speaker 2: about how Republicans are going to message and camp around 650 00:33:56,160 --> 00:33:59,320 Speaker 2: and campaign against Kamala Harris, being that she is not 651 00:33:59,360 --> 00:34:01,160 Speaker 2: an eighty one year year old like Joe Biden. She 652 00:34:01,200 --> 00:34:04,600 Speaker 2: also is a woman of color, which may complicate some 653 00:34:04,640 --> 00:34:08,840 Speaker 2: of the effort. Does Israel give Republicans an opening to 654 00:34:08,960 --> 00:34:12,320 Speaker 2: attack her if she doesn't appear warm enough toward Netanyahu 655 00:34:12,760 --> 00:34:13,560 Speaker 2: or toward the state? 656 00:34:14,640 --> 00:34:17,560 Speaker 5: Yeah. I think the first order events is one that's 657 00:34:17,680 --> 00:34:20,799 Speaker 5: you know, particularly powerful with voters, and that is how 658 00:34:20,880 --> 00:34:24,040 Speaker 5: soft the Biden administration has been toward Iran. And there 659 00:34:24,080 --> 00:34:25,600 Speaker 5: are there are a lot of people who believe that 660 00:34:25,640 --> 00:34:30,000 Speaker 5: without Iran support hamas Hesballah, you know, the hoodies, they 661 00:34:30,000 --> 00:34:33,120 Speaker 5: wouldn't be in the position they're in to inflict so 662 00:34:33,239 --> 00:34:36,960 Speaker 5: much destruction and pain on the Israeli people. So I 663 00:34:37,000 --> 00:34:40,880 Speaker 5: think that's number one. I mean, will she repudiate, you know, 664 00:34:41,040 --> 00:34:45,560 Speaker 5: the nuclear agreement with Iran. It doesn't look very smart 665 00:34:45,600 --> 00:34:47,560 Speaker 5: now to have had that in place for the short 666 00:34:47,600 --> 00:34:50,440 Speaker 5: period of time that they supported it back in the 667 00:34:50,480 --> 00:34:54,200 Speaker 5: Obama administration. So kind of tag some of these Obama 668 00:34:54,400 --> 00:34:59,560 Speaker 5: Biden foreign policy decisions onto her, let her defend them 669 00:34:59,560 --> 00:35:03,799 Speaker 5: if she can, or or you know, distance yourself from them. 670 00:35:04,520 --> 00:35:06,520 Speaker 5: She's in the unique position to say, on many of 671 00:35:06,520 --> 00:35:09,359 Speaker 5: these occasions with foreign policy, I wasn't in the room, 672 00:35:09,920 --> 00:35:13,120 Speaker 5: wasn't my decision. I'll keep my own counsel as to 673 00:35:13,160 --> 00:35:16,680 Speaker 5: what I would do. But as president, I will make 674 00:35:16,719 --> 00:35:20,759 Speaker 5: my mind up independently of anything any previous administration did. 675 00:35:20,880 --> 00:35:23,719 Speaker 5: So she's got some options there, and it makes it 676 00:35:23,800 --> 00:35:26,200 Speaker 5: harder for Republicans to pin her down. 677 00:35:28,280 --> 00:35:30,640 Speaker 2: Well, I'd like to just focus on one Republican for 678 00:35:30,680 --> 00:35:33,680 Speaker 2: a moment longer. Trump is now correcting himself, saying that 679 00:35:33,800 --> 00:35:37,200 Speaker 2: his meeting with Benjamin Netaniahu will be on Thursday at 680 00:35:37,239 --> 00:35:40,360 Speaker 2: Marra a Lago, so join address to Congress here in Washington, 681 00:35:40,400 --> 00:35:44,200 Speaker 2: presumably meeting with Kamala Harris tomorrow Wednesday, and then Netanyahu 682 00:35:44,360 --> 00:35:47,000 Speaker 2: goes to Florida on Thursday. The other thing we have 683 00:35:47,120 --> 00:35:50,800 Speaker 2: to look forward to tomorrow evening, Wednesday evening and prime 684 00:35:50,880 --> 00:35:53,279 Speaker 2: time is the address President Biden will give from the 685 00:35:53,320 --> 00:35:55,480 Speaker 2: Oval Office, the first time he will really speak to 686 00:35:55,520 --> 00:35:58,600 Speaker 2: the nation since his decision to drop out of this race. 687 00:35:58,640 --> 00:36:01,239 Speaker 2: In fact, according to the White House Press Pool, they 688 00:36:01,360 --> 00:36:04,440 Speaker 2: just got their first eyes on him since then because 689 00:36:04,440 --> 00:36:07,719 Speaker 2: he has been recovering from COVID. He's on Air Force one, 690 00:36:07,760 --> 00:36:10,200 Speaker 2: he told reporters when he was asked how he was feeling, 691 00:36:10,440 --> 00:36:12,479 Speaker 2: that he's feeling well, and he is now en route 692 00:36:12,480 --> 00:36:15,400 Speaker 2: back to joint Bass Andrews, back to Washington, where, of 693 00:36:15,440 --> 00:36:19,600 Speaker 2: course he will be giving this speech tomorrow night, Genie, 694 00:36:19,640 --> 00:36:22,640 Speaker 2: giving everything that has transpired between when he put out 695 00:36:22,640 --> 00:36:25,360 Speaker 2: that statement on social media saying that he wasn't running 696 00:36:25,640 --> 00:36:29,640 Speaker 2: to now with a party that has almost seamlessly coalesced 697 00:36:30,200 --> 00:36:33,439 Speaker 2: around Vice President Harris. What tone do you expect him 698 00:36:34,120 --> 00:36:36,319 Speaker 2: to strike with this address tomorrow night. Is it going 699 00:36:36,400 --> 00:36:39,000 Speaker 2: to be in part a campaign speech for Harris? Or 700 00:36:39,040 --> 00:36:41,920 Speaker 2: is this really about trying to cement and define his 701 00:36:42,040 --> 00:36:44,520 Speaker 2: legacy as he is now effectively a lame duck. 702 00:36:45,760 --> 00:36:47,480 Speaker 11: You know, I think it's going to be three things 703 00:36:47,520 --> 00:36:50,560 Speaker 11: to your interview with the Senator just moments ago. I 704 00:36:50,600 --> 00:36:53,320 Speaker 11: think he is going to be out there to show 705 00:36:53,400 --> 00:36:57,360 Speaker 11: Republicans who have been calling on him to potentially resign 706 00:36:57,440 --> 00:37:00,960 Speaker 11: from the presidency or to be impeached or removed via 707 00:37:01,000 --> 00:37:04,240 Speaker 11: the twenty fifth Amendment, that he has recovered from COVID 708 00:37:04,280 --> 00:37:07,040 Speaker 11: and is healthy to continue the next five six months. 709 00:37:07,400 --> 00:37:09,520 Speaker 11: I think he is going to talk about his full 710 00:37:09,560 --> 00:37:12,440 Speaker 11: throated support for Harris and how he's going to engage 711 00:37:12,440 --> 00:37:15,080 Speaker 11: in the campaign going forward. And then I think we 712 00:37:15,160 --> 00:37:17,359 Speaker 11: are going to see what's he planning to do for 713 00:37:17,400 --> 00:37:20,239 Speaker 11: the next six months in office and how does that, 714 00:37:20,680 --> 00:37:23,880 Speaker 11: you know, coalesce with his legacy. But I think we 715 00:37:23,960 --> 00:37:26,880 Speaker 11: heard it from Schumer and Jeffries and other Democrats and 716 00:37:26,960 --> 00:37:31,160 Speaker 11: many Americans regardless of party, about how much love and 717 00:37:31,160 --> 00:37:35,000 Speaker 11: support there is for Joe Biden fifty years of service. 718 00:37:35,080 --> 00:37:38,360 Speaker 11: So I hope he does take a little bit, it's premature, 719 00:37:38,400 --> 00:37:40,439 Speaker 11: but a little bit of a victory lap on there 720 00:37:40,800 --> 00:37:44,120 Speaker 11: and talk about what he has done and this selfless 721 00:37:44,120 --> 00:37:48,200 Speaker 11: act of stepping aside and turning to his vice president 722 00:37:48,400 --> 00:37:51,600 Speaker 11: because the voters demanded it. And I think he's going 723 00:37:51,640 --> 00:37:53,920 Speaker 11: to take something hopefully of a victory lap on that. 724 00:37:56,040 --> 00:37:58,640 Speaker 2: Well, Rick, I'd love to get your perspective on this 725 00:37:58,719 --> 00:38:00,480 Speaker 2: as well as we consider what the legac if Joe 726 00:38:00,480 --> 00:38:03,080 Speaker 2: Biden will be and whether or not there are some 727 00:38:03,120 --> 00:38:04,840 Speaker 2: things so he could take victory laps on when he 728 00:38:04,920 --> 00:38:07,359 Speaker 2: still is facing so many questions about his ability to 729 00:38:07,400 --> 00:38:10,759 Speaker 2: just continue to sit in that office. How would you 730 00:38:11,040 --> 00:38:14,440 Speaker 2: advise someone to message around that. 731 00:38:16,120 --> 00:38:20,439 Speaker 5: Yeah, I think you really have to ignore the sort 732 00:38:20,480 --> 00:38:26,239 Speaker 5: of public discussion of his fitness for office. He's got 733 00:38:26,360 --> 00:38:31,359 Speaker 5: six months to go. He's up until the time he withdrew, 734 00:38:31,800 --> 00:38:36,080 Speaker 5: there were not calls for him to resign, a lot 735 00:38:36,120 --> 00:38:38,719 Speaker 5: of calls for him to get out of the campaign, 736 00:38:38,840 --> 00:38:42,640 Speaker 5: but not to withdraw from the presidency. And I think 737 00:38:42,680 --> 00:38:46,080 Speaker 5: you just go about your business. I'd say the advice 738 00:38:46,120 --> 00:38:48,120 Speaker 5: i'd give him would be the advice i'd give any 739 00:38:48,160 --> 00:38:52,040 Speaker 5: elected official who's under this kind of scrutiny is just 740 00:38:52,120 --> 00:38:54,360 Speaker 5: do your day job. You show up every morning, do 741 00:38:54,480 --> 00:38:57,640 Speaker 5: your job, you know, hold the press conferences when you 742 00:38:57,719 --> 00:39:00,440 Speaker 5: need to make the decisions the way you'll want to, 743 00:39:01,080 --> 00:39:06,320 Speaker 5: and make sure the Office of the Presidency functions, and frankly, 744 00:39:06,360 --> 00:39:09,160 Speaker 5: in his case, don't get distracted by the politics of 745 00:39:09,160 --> 00:39:11,719 Speaker 5: the day. You should feel liberated by the fact that 746 00:39:11,760 --> 00:39:14,399 Speaker 5: you're no longer of the candidate. And I think if 747 00:39:14,400 --> 00:39:16,680 Speaker 5: he does that in a very short period of time, 748 00:39:16,719 --> 00:39:19,600 Speaker 5: people realize, Okay, you know, we're barking up the wrong tree. 749 00:39:20,239 --> 00:39:22,600 Speaker 5: He's not going to be on a ballot in November. 750 00:39:23,520 --> 00:39:27,680 Speaker 5: Vice President Harris will be. And if Republicans were smart, 751 00:39:27,760 --> 00:39:30,240 Speaker 5: they would spend a lot less time on Joe Biden, 752 00:39:30,280 --> 00:39:33,200 Speaker 5: where they've invested an enormous amount of time, money, and 753 00:39:33,320 --> 00:39:38,240 Speaker 5: energy to define and begin the process of defining the Vice. 754 00:39:38,040 --> 00:39:40,759 Speaker 1: President all Right. 755 00:39:40,880 --> 00:39:43,840 Speaker 2: Rick Davis of stone Coard Capital and Genie Schanzino of 756 00:39:43,920 --> 00:39:47,840 Speaker 2: Iona University. Bloomberg Politics contributors are signature political panel. 757 00:39:51,640 --> 00:39:54,080 Speaker 1: Thanks for listening to the Balance of Power podcast. 758 00:39:54,719 --> 00:39:57,839 Speaker 6: Make sure to subscribe if you haven't already, at Apple, Spotify, 759 00:39:57,960 --> 00:40:00,520 Speaker 6: or wherever you get your podcasts, and you can find 760 00:40:00,560 --> 00:40:03,800 Speaker 6: us live every weekday from Washington, DC at noontime Eastern 761 00:40:04,120 --> 00:40:05,520 Speaker 6: at Bloomberg dot com.