1
00:00:00,480 --> 00:00:03,280
Speaker 1: Live from our nation. This budget thing is going to

2
00:00:03,360 --> 00:00:06,400
Speaker 1: do nothing spaceports. I still think it's interesting President Trump

3
00:00:06,480 --> 00:00:10,320
Speaker 1: not playing his cards yet headlines Policy and Politics aliding

4
00:00:10,560 --> 00:00:15,400
Speaker 1: sound on with Kevin's relate the insiders, the influencers, the inside.

5
00:00:15,560 --> 00:00:17,840
Speaker 1: I would rather see a congressional solution. It's part of

6
00:00:17,840 --> 00:00:21,000
Speaker 1: my DNA. The Senate map in looks a lot different

7
00:00:21,000 --> 00:00:23,800
Speaker 1: than it looked in. You really have a divide within

8
00:00:24,000 --> 00:00:26,599
Speaker 1: Team Trump. The president has to do exactly what people

9
00:00:26,640 --> 00:00:28,360
Speaker 1: seven per to do, which is to get it done.

10
00:00:28,840 --> 00:00:33,520
Speaker 1: Is he's sound on with Kevin's related on Bloomberg one

11
00:00:33,640 --> 00:00:36,520
Speaker 1: and one seven a m h D two bothom Old

12
00:00:37,000 --> 00:00:40,400
Speaker 1: Friday Eve, folks. We are almost there and what a beautiful,

13
00:00:40,560 --> 00:00:44,040
Speaker 1: beautiful day. Enjoy it because tomorrow the rain comes. Not

14
00:00:44,120 --> 00:00:47,279
Speaker 1: to be a downer. We have the latest on President

15
00:00:47,280 --> 00:00:50,360
Speaker 1: Trump's veto threat not really a threat. He says he's

16
00:00:50,400 --> 00:00:53,760
Speaker 1: going to do it. The Senate rejecting President Trump on

17
00:00:53,920 --> 00:00:58,720
Speaker 1: his declaration of an emergency at the US Mexico border.

18
00:00:59,200 --> 00:01:03,400
Speaker 1: President Trump now set to deliver his first veto and

19
00:01:03,560 --> 00:01:08,839
Speaker 1: from Veto to Beto, Beto O'Rourke jumps into the presidential race.

20
00:01:09,200 --> 00:01:12,920
Speaker 1: Plus another tough day for boeing up on Capitol Hill.

21
00:01:13,000 --> 00:01:16,039
Speaker 1: The f a A now caught up in this scandal.

22
00:01:16,160 --> 00:01:19,880
Speaker 1: We talked earlier today to the top Republican on the

23
00:01:19,920 --> 00:01:23,480
Speaker 1: House Transportation Committee, who also happens to be a pilot.

24
00:01:23,800 --> 00:01:27,160
Speaker 1: Will bring you the latest from my interview with Congressman Graves,

25
00:01:27,280 --> 00:01:30,880
Speaker 1: a Republican from Missouri. We have an all star panel

26
00:01:31,200 --> 00:01:35,199
Speaker 1: to help us navigate through these very very busy news

27
00:01:35,200 --> 00:01:38,160
Speaker 1: cycle today. Bob Cuzack is editor in chief at The

28
00:01:38,280 --> 00:01:42,360
Speaker 1: Hill newspaper, and Anna Edgerton, fresh off her new promotion

29
00:01:42,680 --> 00:01:46,800
Speaker 1: now Bloomberg News Congressional Deputy editor. But before we get

30
00:01:46,840 --> 00:01:50,000
Speaker 1: into all of that, President Trump just tweeting out within

31
00:01:50,040 --> 00:01:52,880
Speaker 1: the last couple of hours that he is fully prepared

32
00:01:53,280 --> 00:01:56,800
Speaker 1: to utilize his first veto this after the Senate voted

33
00:01:56,880 --> 00:02:01,240
Speaker 1: to block President Trump's declaration of a national emergency to

34
00:02:01,280 --> 00:02:04,800
Speaker 1: pay for the wall at the border with Mexico. It

35
00:02:04,880 --> 00:02:07,720
Speaker 1: was not really even a close vote. It was a

36
00:02:07,760 --> 00:02:11,639
Speaker 1: fifty nine tote vote on Thursday. But this is where

37
00:02:11,639 --> 00:02:15,360
Speaker 1: it gets pretty interesting, because yes, Republicans do control the Senate,

38
00:02:16,040 --> 00:02:19,880
Speaker 1: and yes there were several Republicans who voted against President

39
00:02:19,880 --> 00:02:24,560
Speaker 1: Trump's citing constitutional concerns twelve Republicans voted with all forty

40
00:02:24,639 --> 00:02:29,040
Speaker 1: seven Democrats to cancel this national emergency. But it's like

41
00:02:29,080 --> 00:02:31,560
Speaker 1: we got to go back to uh school house rock

42
00:02:31,639 --> 00:02:36,000
Speaker 1: days because sixty seven votes are needed to override a veto,

43
00:02:36,480 --> 00:02:39,440
Speaker 1: which means the president still has the math as of

44
00:02:39,520 --> 00:02:43,680
Speaker 1: now on his side with that just fifty nine number

45
00:02:44,120 --> 00:02:47,520
Speaker 1: uh in the Senate. And Edgerton is Bloomberg News Congress

46
00:02:47,760 --> 00:02:50,840
Speaker 1: Deputy editor. Bob Cusack is editor in chief at The

47
00:02:50,919 --> 00:02:53,440
Speaker 1: Hill Newspaper. Both are with me for the hour, and

48
00:02:53,960 --> 00:02:57,280
Speaker 1: I'll start with you. This wasn't a surprise, but is

49
00:02:57,320 --> 00:03:00,120
Speaker 1: the president really at risk at all for their to

50
00:03:00,160 --> 00:03:03,040
Speaker 1: be an override of his veto? No, I don't. It

51
00:03:03,080 --> 00:03:05,680
Speaker 1: doesn't look like they'll have enough Republican votes of right

52
00:03:05,760 --> 00:03:07,840
Speaker 1: de vito, both in the Senate and in the House.

53
00:03:08,080 --> 00:03:10,520
Speaker 1: But I think because this was so expected, we're kind

54
00:03:10,520 --> 00:03:12,960
Speaker 1: of taking it in stride today. But it is actually

55
00:03:12,960 --> 00:03:15,480
Speaker 1: a big deal. This is a big moment that you

56
00:03:15,520 --> 00:03:18,120
Speaker 1: have a Republican led Senate and a Democratic led House

57
00:03:18,440 --> 00:03:21,360
Speaker 1: both voting to rebuke the president on something that he

58
00:03:21,440 --> 00:03:25,639
Speaker 1: really made the centerpiece of his twenty sixteen campaign. So

59
00:03:25,919 --> 00:03:28,560
Speaker 1: it is a big moment. It won't have a material

60
00:03:28,600 --> 00:03:31,600
Speaker 1: impact except for maybe factoring in as an element that's

61
00:03:31,639 --> 00:03:34,280
Speaker 1: considered in the legal case that has also been brought

62
00:03:34,320 --> 00:03:37,920
Speaker 1: against this National Emergency declaration. Look at some of the names,

63
00:03:37,960 --> 00:03:42,680
Speaker 1: Bob Tennessee, Republican Senator Lamar Alexander Roy Blunt of Missouri,

64
00:03:43,200 --> 00:03:47,920
Speaker 1: Marco Rubio of Florida, Ran Paul Susan Collins, Lisa Murkowski.

65
00:03:48,320 --> 00:03:51,040
Speaker 1: I mean this is these are a different type. I mean,

66
00:03:51,160 --> 00:03:53,680
Speaker 1: they're they're all different types of Republicans, not it's not

67
00:03:53,760 --> 00:03:56,400
Speaker 1: just one faction of the Republican Party. Yeah, that's right.

68
00:03:56,720 --> 00:04:00,280
Speaker 1: I mean some of them we expected, uh, including Allins

69
00:04:00,320 --> 00:04:04,760
Speaker 1: or Murkowski. Some were surprises. Tom Tillis basically reversed his

70
00:04:04,800 --> 00:04:07,360
Speaker 1: position because there was talk of a primary, or at

71
00:04:07,440 --> 00:04:10,240
Speaker 1: least that was a speculation. Uh, And he voted with

72
00:04:10,320 --> 00:04:14,920
Speaker 1: the president. Corey Gardner, a vulnerable in voted with the

73
00:04:14,960 --> 00:04:17,800
Speaker 1: president here. That was that was a big surprise to

74
00:04:17,839 --> 00:04:19,600
Speaker 1: me as well. So, but this is a rebuke of

75
00:04:19,640 --> 00:04:21,760
Speaker 1: the president. I agree with Anna, But at the same time,

76
00:04:21,800 --> 00:04:24,599
Speaker 1: like Trump has not lost his grip on the party.

77
00:04:24,760 --> 00:04:27,320
Speaker 1: And then that showed in the vote with Tillis, is

78
00:04:27,360 --> 00:04:29,720
Speaker 1: that Tillis could get a primary challenge, and it could

79
00:04:29,720 --> 00:04:31,360
Speaker 1: have been used against it because remember, okay, it's a

80
00:04:31,400 --> 00:04:33,839
Speaker 1: little wonky emergency declaration, but it's it's all about the

81
00:04:33,839 --> 00:04:37,120
Speaker 1: wall and then the president, and so you don't the

82
00:04:37,160 --> 00:04:39,120
Speaker 1: Republican senator did not want to take this vote. They

83
00:04:39,120 --> 00:04:41,039
Speaker 1: tried to avoid it, try to get a compromise on

84
00:04:41,080 --> 00:04:43,560
Speaker 1: something else, and they had to eventually take this vote,

85
00:04:43,600 --> 00:04:46,480
Speaker 1: and suddenly President Trump is at odds with Senator Mitt Romney.

86
00:04:46,520 --> 00:04:48,919
Speaker 1: And quite frankly, I don't think he minds that. I

87
00:04:48,920 --> 00:04:51,599
Speaker 1: don't think Senator Romney minds being at odds with with

88
00:04:51,680 --> 00:04:54,599
Speaker 1: President Trump either. And here's actually what Senator Mitt Romney,

89
00:04:54,640 --> 00:04:58,440
Speaker 1: Republican from Utah, what he had to say earlier about

90
00:04:58,560 --> 00:05:01,800
Speaker 1: his vote on this areous. He'd rather had me vote

91
00:05:02,160 --> 00:05:04,560
Speaker 1: in a different direction. But I let him know that

92
00:05:04,640 --> 00:05:07,479
Speaker 1: this for me is a matter of defending the constitution

93
00:05:07,560 --> 00:05:09,880
Speaker 1: and the balance of powers that is a core to

94
00:05:09,920 --> 00:05:14,279
Speaker 1: our constitution. And I believe he respects that. He respects

95
00:05:14,279 --> 00:05:18,120
Speaker 1: that that Senator Mitt Romney earlier today up on Capitol Hill. Bob,

96
00:05:18,640 --> 00:05:19,960
Speaker 1: you know, when I when I talked to folks who

97
00:05:20,200 --> 00:05:24,039
Speaker 1: speak with the president and advisers to the president, they

98
00:05:24,080 --> 00:05:27,719
Speaker 1: make this case that This is the perfect example of

99
00:05:27,760 --> 00:05:31,360
Speaker 1: President Trump being able to play his outsider card. He

100
00:05:31,400 --> 00:05:34,599
Speaker 1: can take this to his supporters who are first time

101
00:05:34,680 --> 00:05:37,920
Speaker 1: voters or who haven't voted in many, many times and say,

102
00:05:38,040 --> 00:05:41,840
Speaker 1: see that I'm still an outsider. My own party doesn't

103
00:05:41,839 --> 00:05:44,720
Speaker 1: want this wall, and I'm still going for it to

104
00:05:44,760 --> 00:05:47,320
Speaker 1: get it anyway. I can. Yeah, in some ways, not

105
00:05:47,400 --> 00:05:49,480
Speaker 1: like the wall was ever going to be completed before.

106
00:05:50,279 --> 00:05:52,279
Speaker 1: But he can continue to talk about this he talked

107
00:05:52,279 --> 00:05:55,720
Speaker 1: about in sixteen was his number one issue. Congressional Republicans,

108
00:05:56,240 --> 00:05:59,000
Speaker 1: including Speaker Paul Ryan, did not make it a top priority,

109
00:05:59,040 --> 00:06:01,280
Speaker 1: so they didn't move it quick lee. And now he

110
00:06:01,320 --> 00:06:03,360
Speaker 1: can say, hey, I started the wall, now I want

111
00:06:03,400 --> 00:06:05,279
Speaker 1: to finish the wall, and he can kind of blame

112
00:06:05,320 --> 00:06:07,960
Speaker 1: that delay on Paul Ryan, saying, you know, as he

113
00:06:08,000 --> 00:06:11,040
Speaker 1: has not explicitly said, but definitely hinted in a few

114
00:06:11,040 --> 00:06:14,039
Speaker 1: different avenues, that I wanted to do this earlier, but

115
00:06:14,120 --> 00:06:17,159
Speaker 1: the Republicans in the House didn't help me out when

116
00:06:17,160 --> 00:06:19,840
Speaker 1: they had the chance. And again, if you're President Trump

117
00:06:19,920 --> 00:06:21,280
Speaker 1: and you're trying to speak to that base or to

118
00:06:21,400 --> 00:06:24,720
Speaker 1: motivate that base, going against the former speaker, going against

119
00:06:24,800 --> 00:06:28,080
Speaker 1: some of these Republicans like Senator Romney, who many folks

120
00:06:28,200 --> 00:06:32,440
Speaker 1: who have interviewed in both in the administration advising the administration,

121
00:06:32,480 --> 00:06:35,840
Speaker 1: never believe that that type of Republican was ever for

122
00:06:35,960 --> 00:06:38,640
Speaker 1: him to begin with. That helps him with his base

123
00:06:38,720 --> 00:06:41,000
Speaker 1: where it also, I think is going to be interesting,

124
00:06:41,240 --> 00:06:43,800
Speaker 1: particularly once we start to get some polling data on this,

125
00:06:44,279 --> 00:06:46,720
Speaker 1: is to see if it has the reverse effect on

126
00:06:46,760 --> 00:06:49,880
Speaker 1: the left, because when you have down in Texas like

127
00:06:49,960 --> 00:06:53,159
Speaker 1: the former Congressman Beata O Rourke who announced formally his

128
00:06:53,240 --> 00:06:56,039
Speaker 1: decision to run for president. Will get into that coming

129
00:06:56,120 --> 00:06:59,360
Speaker 1: up later on in the program, this really does start

130
00:06:59,400 --> 00:07:02,839
Speaker 1: to motive aid folks on the left. Here's actually Congressman

131
00:07:02,880 --> 00:07:07,200
Speaker 1: Joaquin Castro, a Democrat from Texas, about the vote in

132
00:07:07,279 --> 00:07:10,000
Speaker 1: the Senate. He, of course a Democrat from Texas. Here

133
00:07:10,160 --> 00:07:14,240
Speaker 1: is unfortunately in Texas that did not include either of

134
00:07:14,240 --> 00:07:19,680
Speaker 1: our senators, Senators Cornin or Cruise, who showed weakness today,

135
00:07:19,760 --> 00:07:24,400
Speaker 1: who showed timidity, who betrayed the people of Texas in

136
00:07:24,480 --> 00:07:27,800
Speaker 1: favor of Donald Trump. And so right there, Bob, there's

137
00:07:27,840 --> 00:07:30,720
Speaker 1: the there's the political battle lines being drawn. It also

138
00:07:30,800 --> 00:07:33,360
Speaker 1: would appear that when you have Speaker of the House

139
00:07:33,440 --> 00:07:36,440
Speaker 1: Nancy Pelosi as well as Senate Minority Leader Chuck Schumer,

140
00:07:36,840 --> 00:07:41,520
Speaker 1: saying essentially game on. They liked the political fallout of

141
00:07:41,560 --> 00:07:44,120
Speaker 1: the last partial government shutdown in the sense that they

142
00:07:44,160 --> 00:07:46,920
Speaker 1: feel they had the upper hand. Is that where we're

143
00:07:46,920 --> 00:07:50,520
Speaker 1: headed for for part two? Come the fall? I think so.

144
00:07:50,600 --> 00:07:53,480
Speaker 1: I think so. And certainly congressional Democrats are happy. Leaders

145
00:07:53,480 --> 00:07:56,080
Speaker 1: are happy to move on from the controversial remarks from

146
00:07:56,080 --> 00:07:59,520
Speaker 1: Congresswoman Omar last week which divided their party. And now

147
00:07:59,560 --> 00:08:03,160
Speaker 1: the interesting thing about Congressman Castro there you played the SoundBite,

148
00:08:03,480 --> 00:08:05,760
Speaker 1: is that he is a sponsor of the House legislation

149
00:08:05,960 --> 00:08:08,920
Speaker 1: that passed. He may take on Center Corn and he

150
00:08:08,960 --> 00:08:11,480
Speaker 1: may run for the Senate, So certainly taking a shot

151
00:08:11,560 --> 00:08:13,960
Speaker 1: at Corn and it works to his benefit. And let's

152
00:08:14,000 --> 00:08:15,920
Speaker 1: face it, I mean, all Democrats were on the same

153
00:08:15,920 --> 00:08:19,200
Speaker 1: page here. Even Joe mentioned the Democrat from West Virginia

154
00:08:19,240 --> 00:08:21,840
Speaker 1: that Trump won by forty two points and he voted

155
00:08:21,840 --> 00:08:23,960
Speaker 1: against the president on this. So they all unified and

156
00:08:23,960 --> 00:08:26,040
Speaker 1: that that's a sign of strength. And he actually walked

157
00:08:26,080 --> 00:08:28,760
Speaker 1: over to the Senate side to make that announcement, to

158
00:08:28,760 --> 00:08:31,120
Speaker 1: to give that statement to press, which I thought was interesting.

159
00:08:31,160 --> 00:08:35,120
Speaker 1: Today the theater of Washington d C. Sometimes it's good theater,

160
00:08:35,520 --> 00:08:38,720
Speaker 1: sometimes it's bad theater, but there's always something to watch

161
00:08:39,040 --> 00:08:41,720
Speaker 1: coming up. We talked more about the fallout for President

162
00:08:41,720 --> 00:08:44,240
Speaker 1: Trump in terms of his first He says he's going

163
00:08:44,280 --> 00:08:46,880
Speaker 1: to do it, his veto power Vito by tweet. We

164
00:08:46,960 --> 00:08:50,760
Speaker 1: got that earlier today, plus more fallout for Boeing. Folks.

165
00:08:51,160 --> 00:08:53,880
Speaker 1: Uh F a A officials were meeting at a closed

166
00:08:53,880 --> 00:08:57,880
Speaker 1: door meeting with members of the House Transportation Committee. Will

167
00:08:57,880 --> 00:09:01,760
Speaker 1: bring you my Bloomberg television portion of that interview with

168
00:09:01,880 --> 00:09:06,200
Speaker 1: Congressman Sam Graves, the top Republican on that committee, what

169
00:09:06,240 --> 00:09:08,120
Speaker 1: he has to say. He's a pilot, would he fly

170
00:09:08,440 --> 00:09:12,439
Speaker 1: a Boeing Max eight plane? I asked him. It will

171
00:09:12,480 --> 00:09:15,400
Speaker 1: bring that coming up. Remember, folks, you can download um

172
00:09:15,400 --> 00:09:19,640
Speaker 1: the Sounds on podcast on Apple iTunes, at Bloomberg dot com,

173
00:09:19,800 --> 00:09:23,240
Speaker 1: or by downloading the Bloomberg Business app. You can also

174
00:09:23,320 --> 00:09:26,120
Speaker 1: find us as well as my colleagues on radio dot

175
00:09:26,120 --> 00:09:29,400
Speaker 1: com and on I Heart Radio. Panel stays, I'm Kevin

176
00:09:29,440 --> 00:09:36,320
Speaker 1: CERELLI you're listening to Bloomberg. You're listening to Sound On

177
00:09:36,480 --> 00:09:40,640
Speaker 1: with Kevin Cereally on Bloomberg one and one oh five

178
00:09:40,720 --> 00:09:44,840
Speaker 1: point seven f M H D two Boltimore. I'm Kevin Cerelli,

179
00:09:44,880 --> 00:09:49,200
Speaker 1: Bloombergner's chief Washington correspondent for Bloomberg Television and Bloomberg Radio.

180
00:09:49,360 --> 00:09:53,160
Speaker 1: We were talking earlier about President Trump's decision to veto

181
00:09:53,800 --> 00:09:58,440
Speaker 1: a Republican rebuke in the Senate, which has rejected his

182
00:09:58,720 --> 00:10:03,800
Speaker 1: decision to declare air a national emergency along the Mexico

183
00:10:04,080 --> 00:10:07,800
Speaker 1: US border by a fifty nine to forty one vote

184
00:10:08,400 --> 00:10:11,720
Speaker 1: just earlier this afternoon. It's still short of the sixty

185
00:10:11,800 --> 00:10:15,920
Speaker 1: seven votes that Republicans and really Democrats in the Senate

186
00:10:15,960 --> 00:10:20,160
Speaker 1: would need to override a presidential veto, but it is

187
00:10:20,200 --> 00:10:23,000
Speaker 1: the first time that President Trump will have to utilize

188
00:10:23,480 --> 00:10:29,920
Speaker 1: such a political maneuvering elsewhere, though, more fallout for Boeing.

189
00:10:30,440 --> 00:10:35,160
Speaker 1: The Boeing seven thirty seven Max crisis, according to lawmakers

190
00:10:35,160 --> 00:10:39,240
Speaker 1: who were briefed today on Capitol Hill, might actually end

191
00:10:39,360 --> 00:10:43,720
Speaker 1: up grounding the Max eight family for until mid April.

192
00:10:44,400 --> 00:10:48,679
Speaker 1: Boeing has halted deliveries of the seven thirty seven Max family,

193
00:10:48,720 --> 00:10:52,280
Speaker 1: but assembly is still continuing. Joining me for the hour.

194
00:10:52,360 --> 00:10:55,080
Speaker 1: Bob Cusack, editor in chief at The Hill Newspaper. You

195
00:10:55,120 --> 00:10:57,840
Speaker 1: can find all of Bob's teams reporting at the Hill

196
00:10:58,280 --> 00:11:02,400
Speaker 1: dot Com and Edgerton is Boomberg News Congress Deputy editor,

197
00:11:02,840 --> 00:11:04,480
Speaker 1: uh and and we were talking in the break a

198
00:11:04,520 --> 00:11:07,200
Speaker 1: little bit just about the politics of this, because Boeing

199
00:11:07,280 --> 00:11:10,959
Speaker 1: is such an important and crucial company, not just to

200
00:11:11,200 --> 00:11:15,040
Speaker 1: Republicans or Democrats, but really to manufacturing too, host of

201
00:11:15,080 --> 00:11:18,920
Speaker 1: different industries and supply chains that impact all different types

202
00:11:19,360 --> 00:11:22,920
Speaker 1: of lawmakers. Yeah, I've been watching lawmakers from Washington and

203
00:11:22,960 --> 00:11:26,240
Speaker 1: South Carolina, where Boeing has plants. And one really interesting

204
00:11:26,280 --> 00:11:29,600
Speaker 1: comment today was from Rick Larson. He's a Washington representative

205
00:11:29,800 --> 00:11:33,320
Speaker 1: who has a Boeing campus in his districts and Everett, Washington,

206
00:11:33,640 --> 00:11:36,160
Speaker 1: and he was one of the Democrat Yes, he's the

207
00:11:36,280 --> 00:11:40,360
Speaker 1: chair of the Aviation subcommittee on the Transportation Infrastructure Committee,

208
00:11:40,640 --> 00:11:42,720
Speaker 1: and he was one of the ones that said, you know,

209
00:11:43,120 --> 00:11:45,680
Speaker 1: this could take six weeks to get this software fixed

210
00:11:45,920 --> 00:11:48,400
Speaker 1: that would allow these planes to be put back into use.

211
00:11:48,640 --> 00:11:51,440
Speaker 1: And I was really struck, Bob, just to see just

212
00:11:51,600 --> 00:11:55,120
Speaker 1: this week, I mean, you have this horrific tragedy that

213
00:11:55,200 --> 00:11:58,360
Speaker 1: happens on Sunday, more than a hundred and fifty people

214
00:11:58,440 --> 00:12:00,840
Speaker 1: lost their lives the second crowd usion as little as

215
00:12:00,920 --> 00:12:03,560
Speaker 1: five months and then to see the f A a

216
00:12:03,720 --> 00:12:07,920
Speaker 1: really reverse course because they had originally stood by this,

217
00:12:08,040 --> 00:12:12,360
Speaker 1: but the international community and the international regulatory bodies of

218
00:12:12,440 --> 00:12:17,560
Speaker 1: more than forty countries, one by one by one saying

219
00:12:17,640 --> 00:12:21,120
Speaker 1: that they did not have confidence in this particular Bowing fleet,

220
00:12:21,679 --> 00:12:25,240
Speaker 1: and that was a rebuke not just of a US company,

221
00:12:25,240 --> 00:12:27,560
Speaker 1: one of the most important U S companies, but of

222
00:12:27,920 --> 00:12:31,960
Speaker 1: the f A. A. Yeah, well, listen, I think in retrospect,

223
00:12:32,480 --> 00:12:35,400
Speaker 1: Bowing probably should have acted on their own and recommended

224
00:12:35,440 --> 00:12:37,840
Speaker 1: that they do this because they were holding out, and

225
00:12:37,880 --> 00:12:41,160
Speaker 1: certainly the the Trump administration was holding out and the

226
00:12:41,200 --> 00:12:43,440
Speaker 1: world was saying, no, we got to ground these planes.

227
00:12:43,480 --> 00:12:46,080
Speaker 1: I think the tipping point probably was Canada when they

228
00:12:46,120 --> 00:12:48,440
Speaker 1: said no, we're going to ground those planes too, and

229
00:12:48,480 --> 00:12:52,199
Speaker 1: then the administration did act. And just from a standpoint,

230
00:12:52,200 --> 00:12:54,080
Speaker 1: you had Stewart Iss who were getting nervous. You had

231
00:12:54,080 --> 00:12:55,520
Speaker 1: a lot of people who were getting nervous, who were

232
00:12:55,600 --> 00:12:58,080
Speaker 1: checking their flights to see am I scheduled to be

233
00:12:58,160 --> 00:13:00,480
Speaker 1: on this type of I've never done that, know, but

234
00:13:00,559 --> 00:13:02,400
Speaker 1: you had a lot of people doing that, uh and

235
00:13:02,440 --> 00:13:04,640
Speaker 1: asking to switch planes. It got to a point where

236
00:13:04,880 --> 00:13:07,280
Speaker 1: they had to do this because it's got to be

237
00:13:07,360 --> 00:13:09,360
Speaker 1: safety first. And I do think they should take their

238
00:13:09,400 --> 00:13:11,600
Speaker 1: time and make sure that they're solving this problem before

239
00:13:11,600 --> 00:13:13,760
Speaker 1: they before they're back in the air. And we should

240
00:13:13,800 --> 00:13:16,760
Speaker 1: note President Trump you mentioned him. He also weighed in

241
00:13:17,200 --> 00:13:20,800
Speaker 1: on this again today. Really, he's commented on this UH

242
00:13:20,960 --> 00:13:23,559
Speaker 1: virtually every day this week. I wanted just about every

243
00:13:23,600 --> 00:13:27,280
Speaker 1: day this week via Twitter or public remarks. Here's President

244
00:13:27,280 --> 00:13:31,120
Speaker 1: Trump earlier today speaking to reporters along with the Prime

245
00:13:31,160 --> 00:13:33,480
Speaker 1: Minister of Ireland. But he was asked about bowing. Here

246
00:13:33,679 --> 00:13:35,640
Speaker 1: is the biggest thing is they have to find out

247
00:13:35,640 --> 00:13:38,440
Speaker 1: what it is. I'm not sure that they know, but

248
00:13:38,520 --> 00:13:40,440
Speaker 1: I thought we had to do it. We had to

249
00:13:40,480 --> 00:13:44,920
Speaker 1: take a cautionary route. That's the President discussing the FAA's

250
00:13:44,960 --> 00:13:48,480
Speaker 1: decision to ground these particular planes. By number of the

251
00:13:48,559 --> 00:13:53,040
Speaker 1: day from Barkley's analysts Julian Mitchell, who estimates that Boeing's

252
00:13:53,080 --> 00:13:56,280
Speaker 1: monthly cash flow will be hurt by about one point

253
00:13:56,440 --> 00:14:01,760
Speaker 1: five billion to two billion, include any potential airline penalty

254
00:14:01,800 --> 00:14:06,520
Speaker 1: payments assuming UH continued production of the max jets, but

255
00:14:06,559 --> 00:14:09,920
Speaker 1: no deliveries of those jets. That that's by our colleague

256
00:14:09,920 --> 00:14:14,200
Speaker 1: and a day who writes on the Bloomberg terminal. You know,

257
00:14:14,800 --> 00:14:18,280
Speaker 1: I think in terms of where Boeing goes from here.

258
00:14:18,320 --> 00:14:22,640
Speaker 1: They'll definitely be congressional hearings in all likelihood will definitely

259
00:14:22,640 --> 00:14:26,360
Speaker 1: be under the microscope. But I'm really struck just to

260
00:14:26,520 --> 00:14:32,000
Speaker 1: see where the f a A anna goes because this again,

261
00:14:32,360 --> 00:14:35,000
Speaker 1: when you have forty countries who are disagreeing with f

262
00:14:35,160 --> 00:14:38,120
Speaker 1: A officials. And to Bob's point, maybe Bowing could have

263
00:14:38,160 --> 00:14:40,840
Speaker 1: recommended to the f A that they do that, but

264
00:14:40,920 --> 00:14:45,320
Speaker 1: they immediately, virtually, almost immediately came out and supported the

265
00:14:45,360 --> 00:14:48,160
Speaker 1: f a's reverse of course. But where does the f

266
00:14:48,320 --> 00:14:50,400
Speaker 1: a A go from here? Well, there's some really interesting

267
00:14:50,440 --> 00:14:52,920
Speaker 1: dynamics with the f a A A and it's peer, it's

268
00:14:52,960 --> 00:14:56,680
Speaker 1: international peers, and it kind of plays into some geopolitical tensions,

269
00:14:56,720 --> 00:14:59,800
Speaker 1: and it's also some kind of corporate interactions between bowing

270
00:15:00,040 --> 00:15:03,520
Speaker 1: It's international competitors. One interesting thing to watch that our

271
00:15:03,560 --> 00:15:05,960
Speaker 1: colleague Alan Levin had pointed out in a story earlier

272
00:15:05,960 --> 00:15:08,840
Speaker 1: this week is kind of the black box black box

273
00:15:08,920 --> 00:15:12,400
Speaker 1: politics of how the investigation itself is being handled. So

274
00:15:12,440 --> 00:15:15,280
Speaker 1: the black box from this plane was flown to London,

275
00:15:15,440 --> 00:15:18,560
Speaker 1: not to the United States to be and why this

276
00:15:18,720 --> 00:15:22,000
Speaker 1: good question and kind of who gets jurisdiction over how

277
00:15:22,040 --> 00:15:25,400
Speaker 1: this is being conducted and what the ultimate decision is

278
00:15:25,440 --> 00:15:28,000
Speaker 1: and who gets to check that decision really could have

279
00:15:28,080 --> 00:15:32,400
Speaker 1: some geopolitical implications, especially if President Trump weighs in with

280
00:15:32,440 --> 00:15:35,000
Speaker 1: his Twitter feed or with his followers, or you never

281
00:15:35,040 --> 00:15:37,280
Speaker 1: know kind of how he's going to assert himself in

282
00:15:37,280 --> 00:15:39,120
Speaker 1: this kind of situation. I'm so glad you brought up

283
00:15:39,120 --> 00:15:41,480
Speaker 1: the issue of the black box because you know, look,

284
00:15:41,520 --> 00:15:44,840
Speaker 1: I mean, do you have the international regulatory community and

285
00:15:45,120 --> 00:15:49,160
Speaker 1: based on other reporting from other news outlets, Uh, you

286
00:15:49,200 --> 00:15:53,400
Speaker 1: know you have a sense, uh you you have you

287
00:15:53,440 --> 00:15:57,160
Speaker 1: have a situation where it's actually, if you're a pilot,

288
00:15:57,800 --> 00:16:01,920
Speaker 1: you're being regulated by the airline, the specific airlines Ethiopian

289
00:16:01,960 --> 00:16:05,360
Speaker 1: airlines you're which is overseen by the country of Ethiopia

290
00:16:05,480 --> 00:16:07,560
Speaker 1: or the Ethiopia is equivalent of the f a A.

291
00:16:08,080 --> 00:16:11,760
Speaker 1: So how pilots are trained, it's not trained by a

292
00:16:11,800 --> 00:16:14,400
Speaker 1: pilot is not trained by Boeing. They are trained by

293
00:16:14,440 --> 00:16:18,480
Speaker 1: a specific airline and that airline has respected obviously they

294
00:16:18,520 --> 00:16:23,080
Speaker 1: are international regulations, but the main country has oversight of that.

295
00:16:23,200 --> 00:16:25,360
Speaker 1: So there's a lot of questions, not just for Boeing,

296
00:16:25,600 --> 00:16:27,880
Speaker 1: there's a lot of questions for Ethiopia. There's a lot

297
00:16:27,960 --> 00:16:32,480
Speaker 1: of questions to your point, for European regulators as well.

298
00:16:32,880 --> 00:16:35,400
Speaker 1: Uh and and so I think you know, everyone we

299
00:16:35,640 --> 00:16:37,520
Speaker 1: were in the media. We always like to critique how

300
00:16:37,600 --> 00:16:41,640
Speaker 1: people's crisis communication skills are. But there's still an investigation,

301
00:16:42,160 --> 00:16:44,200
Speaker 1: and I think that we, you know, we we gotta

302
00:16:44,280 --> 00:16:46,360
Speaker 1: wait for all of the facts to come out and

303
00:16:46,440 --> 00:16:51,680
Speaker 1: to see. Unfortunately, how other pilots are being trained. Coming up,

304
00:16:51,680 --> 00:16:53,560
Speaker 1: we're gonna have more on Boeing. We're gonna stay with

305
00:16:53,600 --> 00:16:56,280
Speaker 1: Bowing a little longer, and we have a portion of

306
00:16:56,320 --> 00:16:59,640
Speaker 1: my interview with Congressman Sam Graves, a Republican from Missouri,

307
00:16:59,680 --> 00:17:03,720
Speaker 1: the top Republican on the House Transportation Committee. He's also

308
00:17:03,840 --> 00:17:06,840
Speaker 1: the only pilot or active pilot. I want to say.

309
00:17:06,840 --> 00:17:08,720
Speaker 1: I know we have a couple of other pilots in Congress,

310
00:17:08,960 --> 00:17:10,600
Speaker 1: and he's going to be flying. I asked him, I said,

311
00:17:10,600 --> 00:17:12,560
Speaker 1: when's the next time you're flying a plane? Next week

312
00:17:12,800 --> 00:17:15,360
Speaker 1: on recess, he's going on an air show World War

313
00:17:15,400 --> 00:17:17,720
Speaker 1: two air show down in Missouri. We'll get the latest

314
00:17:17,720 --> 00:17:19,800
Speaker 1: from him about whether or not he thinks it's safe

315
00:17:20,240 --> 00:17:25,919
Speaker 1: to fly in Boeing Max planes. Coming up. That's all

316
00:17:25,960 --> 00:17:28,439
Speaker 1: coming up. Download the sound on podcast on Apple iTunes,

317
00:17:28,480 --> 00:17:31,840
Speaker 1: at Bloomberg dot com or by downloading the Bloomberg Business app.

318
00:17:31,880 --> 00:17:34,720
Speaker 1: You can find us on Radio dot com and I

319
00:17:34,880 --> 00:17:42,199
Speaker 1: Heart Radio. I'm Kevin CURRELLI you're listening to Bloomberg. This

320
00:17:42,800 --> 00:17:47,560
Speaker 1: is Sound On with Kevin's really on Bloomberg and one

321
00:17:47,560 --> 00:17:50,080
Speaker 1: oh five point seven of m h D two Baltimore.

322
00:17:50,720 --> 00:17:53,919
Speaker 1: Beautiful Day, one more day till the weekend. Beautiful, beautiful Day.

323
00:17:53,960 --> 00:17:56,479
Speaker 1: I hope you get to enjoy a piece of it.

324
00:17:56,560 --> 00:18:00,440
Speaker 1: We were talking earlier about President Trump saying he's going

325
00:18:00,480 --> 00:18:05,160
Speaker 1: to veto the Republican controlled Senate they passed legislator. They

326
00:18:05,480 --> 00:18:08,200
Speaker 1: they voted earlier this afternoon to send a bill to

327
00:18:08,280 --> 00:18:12,160
Speaker 1: his death that rebukes his decision to declare a national

328
00:18:12,200 --> 00:18:15,960
Speaker 1: emergency along the US Mexico border, but they still don't

329
00:18:15,960 --> 00:18:19,200
Speaker 1: have the votes to override his veto. The President's weeding

330
00:18:19,200 --> 00:18:21,920
Speaker 1: out just moments after that vote, veto all caps with

331
00:18:21,960 --> 00:18:25,360
Speaker 1: an exclamation point. We're also going to be diving into

332
00:18:25,400 --> 00:18:29,520
Speaker 1: the House vote earlier this afternoon as well, UH to

333
00:18:30,280 --> 00:18:35,080
Speaker 1: make public the Mueller investigation whenever that is to be released.

334
00:18:35,119 --> 00:18:38,880
Speaker 1: And of course Beto O'Rourke, UH, the former congressman from

335
00:18:39,160 --> 00:18:44,240
Speaker 1: Texas and former Democratic senatorial candidate challenging but lost to

336
00:18:44,359 --> 00:18:48,840
Speaker 1: Senator Ted Cruz, announcing he's throwing his his throwing his

337
00:18:48,920 --> 00:18:52,520
Speaker 1: name into the race of president. And he's also I

338
00:18:52,520 --> 00:18:54,680
Speaker 1: guess on the cover of Vanity Fair All Star panel

339
00:18:54,720 --> 00:18:57,880
Speaker 1: Bob Cuzack, editor in chief at The Hill newspaper, and Edgerton,

340
00:18:57,880 --> 00:19:01,040
Speaker 1: Bloomberg News Congress Deputy editor. But I want to finish

341
00:19:01,119 --> 00:19:03,600
Speaker 1: up with Boeing because this Bowing story, I mean, it's

342
00:19:03,600 --> 00:19:06,000
Speaker 1: really remarkable. Bob. We were talking in the break about

343
00:19:06,320 --> 00:19:10,240
Speaker 1: Boeing shares which were up thirty seven percent this year

344
00:19:10,400 --> 00:19:15,920
Speaker 1: until Sunday's crash off the coast of Ethiopia, and they've

345
00:19:15,960 --> 00:19:20,639
Speaker 1: dropped nearly fift this week now that according to our

346
00:19:20,680 --> 00:19:24,920
Speaker 1: colleagues over crunching the numbers on the Bloomberg terminal. I

347
00:19:25,200 --> 00:19:29,639
Speaker 1: interviewed earlier today the top Republican on on the House

348
00:19:29,680 --> 00:19:34,520
Speaker 1: Transportation Committee, Congressman Sam Graves. He is a congressman serving

349
00:19:34,520 --> 00:19:40,200
Speaker 1: Missouri sixth congressional district. He's also a pilot, And I asked, well,

350
00:19:40,320 --> 00:19:41,960
Speaker 1: here here's a portion of our interview, and if you

351
00:19:42,000 --> 00:19:43,720
Speaker 1: want to watch the whole thing, go to Bloomberg tv

352
00:19:43,840 --> 00:19:46,680
Speaker 1: dot com. But here's my exchange with him. Take a lissum,

353
00:19:46,680 --> 00:19:49,560
Speaker 1: where do you feel safe flying in a seven thirty

354
00:19:49,640 --> 00:19:53,000
Speaker 1: seven Max A chat? Absolutely? Right now, right now you

355
00:19:53,040 --> 00:19:57,439
Speaker 1: would fly home to Missouri poet. Absolutely, So he's a pilot.

356
00:19:57,840 --> 00:20:00,440
Speaker 1: He says that that he's willing to do it. Earlier

357
00:20:00,480 --> 00:20:03,600
Speaker 1: on in the program, Bob, you made the anecdotal point

358
00:20:03,600 --> 00:20:06,800
Speaker 1: where people were literally checking their their flights, checking their

359
00:20:06,840 --> 00:20:10,119
Speaker 1: tickets to see what specific plane they were going to

360
00:20:10,200 --> 00:20:13,679
Speaker 1: be on. But that really is the question that Boeing

361
00:20:13,800 --> 00:20:16,359
Speaker 1: is going to have to ask. Every executive at Bowing

362
00:20:16,440 --> 00:20:19,200
Speaker 1: is going to have to convince the American people as

363
00:20:19,240 --> 00:20:23,359
Speaker 1: well as the international regulatory boards that they can feel

364
00:20:23,400 --> 00:20:25,439
Speaker 1: safe on those planes. Yeah. I mean, it was a

365
00:20:25,440 --> 00:20:28,640
Speaker 1: long time ago. But but before you came along, Kevin,

366
00:20:28,640 --> 00:20:30,239
Speaker 1: and when I was a kid, tailand all had an

367
00:20:30,240 --> 00:20:32,520
Speaker 1: issue where a lot of their stuff was being tampered

368
00:20:32,680 --> 00:20:35,240
Speaker 1: and the company said we're gonna take every bottle off

369
00:20:35,240 --> 00:20:38,960
Speaker 1: the shelf, and it really boosted consumer confidence and it

370
00:20:39,320 --> 00:20:41,000
Speaker 1: got them out of a PR nightmare. Now can you

371
00:20:41,080 --> 00:20:43,720
Speaker 1: imagine working for Boeing PR this week? It must have

372
00:20:43,720 --> 00:20:45,600
Speaker 1: been unbelieve You could write a book about that, But

373
00:20:46,080 --> 00:20:47,760
Speaker 1: I don't think it was handling the best way. But

374
00:20:47,800 --> 00:20:50,399
Speaker 1: I think also the long term damage they can they

375
00:20:50,400 --> 00:20:52,840
Speaker 1: can recover from this. Obviously huge company has a lot

376
00:20:52,840 --> 00:20:54,800
Speaker 1: of cloud What would you have done differently, because I

377
00:20:54,920 --> 00:20:57,919
Speaker 1: think I've been thinking of this as well. I actually

378
00:20:58,240 --> 00:21:00,960
Speaker 1: think that they've been just about as proactive as they

379
00:21:01,080 --> 00:21:03,119
Speaker 1: as they could have been. I mean, there's this horrific

380
00:21:03,160 --> 00:21:07,439
Speaker 1: invest horrific tragedies. You've got the investigation. To some extent,

381
00:21:07,520 --> 00:21:09,880
Speaker 1: they can't really control the flip flopping of the f

382
00:21:09,880 --> 00:21:11,960
Speaker 1: a A, and I don't think that they were. I

383
00:21:12,359 --> 00:21:15,360
Speaker 1: don't think anyone could have anticipated that the FAA would

384
00:21:15,359 --> 00:21:18,000
Speaker 1: be at odds with Canada right now. That's true. I

385
00:21:18,040 --> 00:21:20,119
Speaker 1: do think that they could have gotten out ahead of

386
00:21:20,119 --> 00:21:22,840
Speaker 1: it a little bit and I thought maybe long term, okay,

387
00:21:22,920 --> 00:21:25,879
Speaker 1: we're gonna take a short term hit, as they have. Um,

388
00:21:25,920 --> 00:21:28,639
Speaker 1: but the fact that you had this be front page

389
00:21:28,640 --> 00:21:32,560
Speaker 1: news for for days upon days really hurt them, I think,

390
00:21:32,600 --> 00:21:34,720
Speaker 1: and that I think there's still gonna be some mistrust

391
00:21:34,760 --> 00:21:37,879
Speaker 1: when they say everything is fine. Um. At the same time,

392
00:21:37,960 --> 00:21:41,000
Speaker 1: flying is very safe, especially in the United States. I'm

393
00:21:41,000 --> 00:21:43,439
Speaker 1: a nervous flyer for the record, but I mean I

394
00:21:43,480 --> 00:21:45,639
Speaker 1: fly a lot kind of for my job, and before

395
00:21:45,680 --> 00:21:48,000
Speaker 1: this gig, I never really but you know I'm gonna

396
00:21:48,080 --> 00:21:50,240
Speaker 1: I don't like but but listen, I mean, and to

397
00:21:50,359 --> 00:21:54,480
Speaker 1: Bob's point, you know, for Boeing to move forward here,

398
00:21:55,640 --> 00:21:58,600
Speaker 1: there's a lot of questions, not trust for Boeing, and

399
00:21:58,640 --> 00:22:00,639
Speaker 1: I think and it's starting to come out when I

400
00:22:00,680 --> 00:22:03,679
Speaker 1: talked to folks up on Capitol Hill earlier today, when

401
00:22:03,680 --> 00:22:05,520
Speaker 1: I was bumping into some Boeing folks, when I was

402
00:22:05,560 --> 00:22:08,960
Speaker 1: bumping into some Republicans and Democrats, this issue of how

403
00:22:09,040 --> 00:22:12,159
Speaker 1: pilots are trained. I mean, you still need to have

404
00:22:12,280 --> 00:22:16,320
Speaker 1: a pilot be trained to override a software system, do you.

405
00:22:16,400 --> 00:22:18,439
Speaker 1: I mean, I'm not I'm not a pilot, but I

406
00:22:18,440 --> 00:22:21,399
Speaker 1: would hope that whoever's in the cockpit is trained to

407
00:22:21,560 --> 00:22:25,280
Speaker 1: know how to fly a plane should there be a

408
00:22:25,320 --> 00:22:30,119
Speaker 1: software malfunction. And international organizations are the ones who oversee

409
00:22:30,160 --> 00:22:32,360
Speaker 1: how pilots are trained, and that seems to be part

410
00:22:32,359 --> 00:22:34,640
Speaker 1: of the disconnect, and some of the communication that they've

411
00:22:34,680 --> 00:22:37,960
Speaker 1: gotten from the company is that maybe these pilots that

412
00:22:38,280 --> 00:22:41,879
Speaker 1: didn't know or were unaware of how to counteract whatever

413
00:22:41,960 --> 00:22:44,920
Speaker 1: auto system was happening in the plane when it ended

414
00:22:45,000 --> 00:22:49,040
Speaker 1: up um malfunctioning and getting into a dangerous situation. There

415
00:22:49,040 --> 00:22:52,560
Speaker 1: have been anecdotal stories of pilots in the United States

416
00:22:52,600 --> 00:22:54,760
Speaker 1: that ran into a similar situation and then didn't know

417
00:22:54,800 --> 00:22:57,480
Speaker 1: how to get themselves out of that. Did Yes, they did,

418
00:22:57,680 --> 00:23:00,320
Speaker 1: and these that will come out in congressional hearingsa how

419
00:23:00,560 --> 00:23:04,160
Speaker 1: the f a A was able to regulate these pilots

420
00:23:04,160 --> 00:23:07,080
Speaker 1: and to make sure that the US pilots are working

421
00:23:07,119 --> 00:23:09,960
Speaker 1: with companies like Boeing to make sure and whether or

422
00:23:10,000 --> 00:23:12,399
Speaker 1: not that's happening internationally, and that was gonna be My

423
00:23:12,440 --> 00:23:14,800
Speaker 1: other point is it's gonna be interesting to see how

424
00:23:14,840 --> 00:23:17,680
Speaker 1: this plays out in Congress and who asks for hearings,

425
00:23:17,680 --> 00:23:20,280
Speaker 1: what who's called in to testify, and what the kind

426
00:23:20,320 --> 00:23:23,200
Speaker 1: of um, you know, public consequence of that and also

427
00:23:23,440 --> 00:23:25,800
Speaker 1: maybe even legislative consequence of that could be all right,

428
00:23:25,840 --> 00:23:29,200
Speaker 1: coming up we uh we talked more about presidential race

429
00:23:29,560 --> 00:23:33,560
Speaker 1: Bett oh oh Rourke. Will he become president? He's on

430
00:23:33,600 --> 00:23:36,960
Speaker 1: the cover of Vanity Fair. We dive into that with

431
00:23:37,040 --> 00:23:39,119
Speaker 1: the All Star panel. Bob Quzack, editor in chief at

432
00:23:39,119 --> 00:23:41,920
Speaker 1: The Hill Newspaper, read his colleagues reporting at The Hill

433
00:23:41,960 --> 00:23:45,560
Speaker 1: dot Com, and Anna Edgerton Bloomberg News Congress Deputy Editor.

434
00:23:46,040 --> 00:23:50,320
Speaker 1: Download the Sound On podcast on Apple iTunes, at Bloomberg

435
00:23:50,760 --> 00:23:54,320
Speaker 1: dot com, or by downloading the Bloomberg Business app. You

436
00:23:54,359 --> 00:23:57,040
Speaker 1: can also find our show as well as all of

437
00:23:57,080 --> 00:24:00,320
Speaker 1: the incredibly talented colleagues that I work with on Radio

438
00:24:00,440 --> 00:24:04,000
Speaker 1: dot Com and I Heart Radio. I'm Kevin CURRELLI you're

439
00:24:04,040 --> 00:24:11,840
Speaker 1: listening to Bloomberg. This is Sound On with Kevin serially

440
00:24:12,280 --> 00:24:15,720
Speaker 1: on Bloomberg one and one oh five point seven f

441
00:24:15,880 --> 00:24:18,800
Speaker 1: m h D two. Boltemore, I'm running to serve you

442
00:24:18,880 --> 00:24:21,360
Speaker 1: as the next president of the United States of America.

443
00:24:22,320 --> 00:24:25,480
Speaker 1: This is a defining moment of truth for this country

444
00:24:25,760 --> 00:24:28,879
Speaker 1: and for every single one of us that was betto

445
00:24:29,040 --> 00:24:33,240
Speaker 1: oh Rourke. He is announcing earlier today that he is

446
00:24:33,280 --> 00:24:36,959
Speaker 1: going to be running for president. He is the former congressman,

447
00:24:37,320 --> 00:24:41,400
Speaker 1: Democratic Congressman from Texas. He challenged Senator Ted Cruz, made

448
00:24:41,400 --> 00:24:44,560
Speaker 1: it interesting, but came up short against Senator Ted Cruz

449
00:24:44,600 --> 00:24:47,680
Speaker 1: in the mid term elections. He's got a lot of

450
00:24:47,840 --> 00:24:51,440
Speaker 1: establishment Democratic folks supporting him here inside of the Beltway,

451
00:24:51,720 --> 00:24:55,000
Speaker 1: a lot of the former senior advisers to former President

452
00:24:55,000 --> 00:24:59,320
Speaker 1: Obama and Clinton world working behind the scenes on his campaign.

453
00:24:59,800 --> 00:25:02,880
Speaker 1: It it's pretty interesting to see just how someone who

454
00:25:02,920 --> 00:25:06,120
Speaker 1: lost a Senate race now finds himself as a top

455
00:25:06,160 --> 00:25:10,879
Speaker 1: tier presidential candidate. And Edgerton is Bloomberg News Congress deputy editor.

456
00:25:11,000 --> 00:25:14,160
Speaker 1: She just got recently promoted. Congratulations on that. You've got

457
00:25:14,200 --> 00:25:18,719
Speaker 1: experience covering then Congressman Bedo over work. And Bob Cusack

458
00:25:18,840 --> 00:25:20,600
Speaker 1: is editor in chief at The Hill. He knows everyone

459
00:25:20,600 --> 00:25:25,240
Speaker 1: in Washington also probably has bumped into Bado a few times.

460
00:25:25,400 --> 00:25:27,080
Speaker 1: I'm really kind of struck. All right, well, let me

461
00:25:27,080 --> 00:25:28,800
Speaker 1: get you. It doesn't matter what my opinion is, but

462
00:25:28,840 --> 00:25:31,040
Speaker 1: what what do you make of his of his launch

463
00:25:31,320 --> 00:25:33,600
Speaker 1: and it's something that was kind of expected and people

464
00:25:33,600 --> 00:25:35,480
Speaker 1: who were watching out for this. I think it'll be

465
00:25:35,520 --> 00:25:37,920
Speaker 1: really interesting to see the way that it interacts with

466
00:25:38,000 --> 00:25:42,240
Speaker 1: whether or not Joe Biden decides to run, because you know, demographically,

467
00:25:42,240 --> 00:25:45,520
Speaker 1: they're the two white guys, obviously very different experience and

468
00:25:45,680 --> 00:25:49,440
Speaker 1: kind of have a different pitch to voters, very different experience.

469
00:25:49,560 --> 00:25:52,760
Speaker 1: One is a former vice president and one is a congressman, right,

470
00:25:52,880 --> 00:25:55,680
Speaker 1: but they would maybe appeal to the same kind of voter,

471
00:25:55,800 --> 00:25:58,879
Speaker 1: like someone who was looking for, you know, not super

472
00:25:58,960 --> 00:26:04,280
Speaker 1: progressive in terms of um kind of reorienting American politics,

473
00:26:04,280 --> 00:26:06,560
Speaker 1: but more of a reconciling figure who says, you know,

474
00:26:06,600 --> 00:26:09,520
Speaker 1: I'll work with Republicans when I can. Is looking to

475
00:26:09,760 --> 00:26:12,960
Speaker 1: strike kind of more positive tones rather than being more combative. Yeah,

476
00:26:13,119 --> 00:26:15,399
Speaker 1: I think he's I mean, listen, he is a fundraising force.

477
00:26:15,480 --> 00:26:18,879
Speaker 1: He raised a record amount of money in Texas. I

478
00:26:18,920 --> 00:26:21,679
Speaker 1: do think he has kind of an in quality. I

479
00:26:21,680 --> 00:26:24,560
Speaker 1: think he can he can take off because and I

480
00:26:24,600 --> 00:26:27,879
Speaker 1: think that's why the Obama people are not endorsing Joe Biden,

481
00:26:27,920 --> 00:26:30,639
Speaker 1: who by all intentions, is going to run. It's just

482
00:26:30,640 --> 00:26:32,960
Speaker 1: a matter of when he announced. Is probably in Scranton,

483
00:26:33,119 --> 00:26:34,960
Speaker 1: UH in the next couple of weeks. But at the

484
00:26:35,000 --> 00:26:37,920
Speaker 1: same time, I do think that I always think every

485
00:26:37,920 --> 00:26:44,479
Speaker 1: sorry I interrupted you, that's fine, that's they And so

486
00:26:44,600 --> 00:26:48,119
Speaker 1: I listen. I think that Rourke, though, has had a

487
00:26:48,280 --> 00:26:51,080
Speaker 1: rocky couple of months because he's been wishy washy, am

488
00:26:51,080 --> 00:26:53,399
Speaker 1: I going to get in? Am I not? Yeah, that

489
00:26:53,480 --> 00:26:56,439
Speaker 1: was a little odd. And then the launch video wasn't great.

490
00:26:56,520 --> 00:27:00,320
Speaker 1: His wife is not speaking in it. You know, hands

491
00:27:00,320 --> 00:27:02,280
Speaker 1: were a little much, I think. But but no one's

492
00:27:02,280 --> 00:27:04,359
Speaker 1: gonna remember that in a month. No one's gonna remember it.

493
00:27:04,400 --> 00:27:06,840
Speaker 1: But President Trump is gonna remember it. And and President

494
00:27:06,880 --> 00:27:10,919
Speaker 1: Trump has not weighed in on every specific candidates launch.

495
00:27:11,000 --> 00:27:13,440
Speaker 1: We remember when he made fun of Senator clob char

496
00:27:13,520 --> 00:27:15,800
Speaker 1: and he's gonna he's you know, he's watching this in

497
00:27:15,840 --> 00:27:18,600
Speaker 1: real time, and he he picked up on the hands.

498
00:27:18,800 --> 00:27:21,040
Speaker 1: Here's a President Trump, here's the here's the President's thoughts

499
00:27:21,080 --> 00:27:24,920
Speaker 1: on on on former Congressman of Works announcement. Here he is, Well,

500
00:27:24,920 --> 00:27:26,640
Speaker 1: I think he's got a lot of hand movement. I've

501
00:27:26,640 --> 00:27:29,280
Speaker 1: never seen so much hand movement. I said, is he

502
00:27:29,400 --> 00:27:32,080
Speaker 1: crazy or is that just the way he acts? That's

503
00:27:32,119 --> 00:27:35,480
Speaker 1: President Trump? And uh, I mean I've I've interviewed Congressman

504
00:27:35,560 --> 00:27:37,680
Speaker 1: of Work, but I mean, how is he going to

505
00:27:37,720 --> 00:27:42,200
Speaker 1: respond to the fireside tweet type of comments or side

506
00:27:42,240 --> 00:27:46,240
Speaker 1: or quarterback armchair quarterback comments from the President of the

507
00:27:46,320 --> 00:27:48,720
Speaker 1: United States. Yeah, he's certainly cast himself as, like he said,

508
00:27:48,760 --> 00:27:51,640
Speaker 1: kind of an inspirational figure. Who you know, he says,

509
00:27:51,720 --> 00:27:53,080
Speaker 1: you know, I was born to do this. I just

510
00:27:53,119 --> 00:27:55,840
Speaker 1: want to be in it. And he doesn't seem he

511
00:27:56,119 --> 00:27:59,120
Speaker 1: always says that he wants to talk about what he's for,

512
00:27:59,280 --> 00:28:02,040
Speaker 1: what he's like. Excellent question. I think that's a question

513
00:28:02,080 --> 00:28:03,840
Speaker 1: he's gonna be getting a lot, because that's was one

514
00:28:03,880 --> 00:28:06,800
Speaker 1: criticism of his rollout and his website right now, his

515
00:28:06,840 --> 00:28:10,320
Speaker 1: website only has you know, where you can get merchandise

516
00:28:10,480 --> 00:28:13,200
Speaker 1: and donate money. It doesn't have any policy pages, which

517
00:28:13,359 --> 00:28:16,479
Speaker 1: it's early. I mean, he just announced, but there's not

518
00:28:16,520 --> 00:28:19,680
Speaker 1: a substantive conversation about policy yet. And it was when

519
00:28:19,680 --> 00:28:23,320
Speaker 1: you mentioned fundraising. My next door neighbor in Maryland who's

520
00:28:23,320 --> 00:28:27,040
Speaker 1: from South Carolina donated to his Texas campaign, I mean,

521
00:28:27,040 --> 00:28:30,560
Speaker 1: and probably five dollars. Ron James had had the churn

522
00:28:30,640 --> 00:28:34,400
Speaker 1: on and like all of this sudden, like I think, yeah, Lebron, Yeah,

523
00:28:34,440 --> 00:28:37,680
Speaker 1: I mean, I puzzled you anna sorry you just like

524
00:28:38,040 --> 00:28:40,080
Speaker 1: but during his campaign he was up to Bob's boy

525
00:28:41,720 --> 00:28:45,560
Speaker 1: sold all of this church. But I'm serious. But but

526
00:28:45,640 --> 00:28:48,520
Speaker 1: I do think, I mean what I what I to

527
00:28:48,720 --> 00:28:51,960
Speaker 1: your point, what he stands for? What are his ideas?

528
00:28:52,760 --> 00:28:55,880
Speaker 1: People know what Senator Bernie Sanders stands for. People know

529
00:28:56,080 --> 00:28:58,720
Speaker 1: that Senator Elizabeth Warren in the past week released a

530
00:28:58,720 --> 00:29:02,200
Speaker 1: policy plan break up big tech companies. You can dissect

531
00:29:02,240 --> 00:29:07,080
Speaker 1: and debate those policies. People know former Vice President Joe

532
00:29:07,080 --> 00:29:10,680
Speaker 1: Biden's record and financial services and where he stood in

533
00:29:10,800 --> 00:29:14,240
Speaker 1: Delaware and of course his policies as vice president with Ukraine.

534
00:29:14,560 --> 00:29:18,360
Speaker 1: There's a seriousness to the debate. And yes, the former

535
00:29:18,360 --> 00:29:22,800
Speaker 1: congressman does have a voting record. Yes there's those plethora

536
00:29:22,920 --> 00:29:25,480
Speaker 1: of comments that he made in his debates against Senator Cruz.

537
00:29:25,960 --> 00:29:29,560
Speaker 1: But I don't know. I mean, I'll be interesting to

538
00:29:29,560 --> 00:29:32,760
Speaker 1: see once these debates start to get moving, how they

539
00:29:32,840 --> 00:29:38,000
Speaker 1: each differentiate themselves, uh on policy. And I think part

540
00:29:38,000 --> 00:29:40,280
Speaker 1: of his pitch is gonna be I don't have all

541
00:29:40,320 --> 00:29:42,280
Speaker 1: of the answers, but I'm going to surround myself with

542
00:29:42,280 --> 00:29:45,240
Speaker 1: people who do. And maybe after President Trump saying I

543
00:29:45,360 --> 00:29:48,240
Speaker 1: alone can fix this, maybe that's something people are willing

544
00:29:48,240 --> 00:29:50,480
Speaker 1: to consider. Yeah, I mean, I think it could be

545
00:29:50,520 --> 00:29:53,040
Speaker 1: a weakness of his if he continues to be wishy washy.

546
00:29:53,120 --> 00:29:55,440
Speaker 1: I mean, I do think that on the stump, his answer,

547
00:29:56,200 --> 00:29:58,080
Speaker 1: whether as he said, whether you agree with it or

548
00:29:58,080 --> 00:30:01,080
Speaker 1: not on the national anthem, went viral. That was that

549
00:30:01,160 --> 00:30:03,960
Speaker 1: showed his star power in the debates with Ted Cruz.

550
00:30:04,040 --> 00:30:06,440
Speaker 1: Ted Cruz, who is a great debater. Um, I don't

551
00:30:06,440 --> 00:30:08,000
Speaker 1: think he was a great debater, but in that way

552
00:30:08,200 --> 00:30:10,880
Speaker 1: similar to Barack Obama, who was great on the stump

553
00:30:10,920 --> 00:30:13,240
Speaker 1: but not the best debate or ever. And by the way,

554
00:30:13,280 --> 00:30:16,080
Speaker 1: I'm such a I'm gonna really come out as a

555
00:30:16,120 --> 00:30:18,800
Speaker 1: really big dork right now because I watched all of

556
00:30:18,800 --> 00:30:22,440
Speaker 1: those debates on YouTube on Friday, like, because they're fascinating debates,

557
00:30:22,440 --> 00:30:25,320
Speaker 1: because Senator Cruz is like he was the head of

558
00:30:25,320 --> 00:30:27,400
Speaker 1: the Debate Society when he was in college or Western

559
00:30:27,440 --> 00:30:30,240
Speaker 1: Champion debate and him going head to head against Fork

560
00:30:30,360 --> 00:30:33,200
Speaker 1: was fascinating, especially on the issue of the NFL. But

561
00:30:33,320 --> 00:30:34,880
Speaker 1: we're not gonna get side checked, all right, so we

562
00:30:34,880 --> 00:30:38,280
Speaker 1: talked about race. It's still very very early. There was

563
00:30:38,320 --> 00:30:40,440
Speaker 1: another big vote in the House today. I was struck

564
00:30:40,440 --> 00:30:44,800
Speaker 1: by this four hundred and twenty to zero four hundred

565
00:30:44,800 --> 00:30:48,800
Speaker 1: and twenty to zero vote to demand public release of

566
00:30:48,880 --> 00:30:54,080
Speaker 1: the Mueller Report. Virtually every Republican, every House Republican joined

567
00:30:54,120 --> 00:30:58,320
Speaker 1: Democrats earlier today to demand that the Justice Department publicly

568
00:30:58,440 --> 00:31:02,200
Speaker 1: released the full find of the report. And adjutant editor

569
00:31:02,240 --> 00:31:05,480
Speaker 1: Congress editor for Bloomberg News, were you surprised by this? Yeah,

570
00:31:05,720 --> 00:31:08,200
Speaker 1: I'm not sure what the whip strategy was for Republicans

571
00:31:08,200 --> 00:31:10,520
Speaker 1: on this. I mean, obviously they told their members to

572
00:31:10,600 --> 00:31:13,040
Speaker 1: go for it, but it's a non binding resolution, so

573
00:31:13,080 --> 00:31:15,000
Speaker 1: it's kind of an easy thing to vote for. It's

574
00:31:15,000 --> 00:31:18,440
Speaker 1: not it doesn't necessarily mean anything. It was, in a

575
00:31:18,480 --> 00:31:21,480
Speaker 1: way a messaging bill for Democrats, and may be Republicans

576
00:31:21,560 --> 00:31:23,960
Speaker 1: voting for it takes the winds out of some of

577
00:31:23,960 --> 00:31:26,440
Speaker 1: those kind of messaging sales and it becomes a bit

578
00:31:26,520 --> 00:31:29,000
Speaker 1: less of a potent message if it's something that Democrats

579
00:31:29,040 --> 00:31:32,320
Speaker 1: can't hold over Republicans in the House. And it certainly

580
00:31:32,320 --> 00:31:34,840
Speaker 1: is a gift to Senator Schumer, who is saying, well, listen, this,

581
00:31:34,840 --> 00:31:37,720
Speaker 1: this passed the House. He unanimously we should vote on it,

582
00:31:37,760 --> 00:31:40,240
Speaker 1: and then the Republican controlled sent up. As minch mconnell says,

583
00:31:40,280 --> 00:31:43,320
Speaker 1: he controls at which he does what goes on the floor,

584
00:31:43,360 --> 00:31:46,160
Speaker 1: unless it's like an emergency resolution. So I think it

585
00:31:46,240 --> 00:31:48,719
Speaker 1: was fascinating. I do think that Bill bar the new

586
00:31:48,720 --> 00:31:52,400
Speaker 1: Attorney General, did impress a number of Democrats who ended

587
00:31:52,440 --> 00:31:55,440
Speaker 1: up not voting for him because he wouldn't commit to this.

588
00:31:55,720 --> 00:31:58,400
Speaker 1: But he is saying, I'm gonna try to release as

589
00:31:58,480 --> 00:32:00,840
Speaker 1: much as I can, and that's what Republican season. He's

590
00:32:00,880 --> 00:32:03,280
Speaker 1: going to release as much as he can. But he

591
00:32:03,320 --> 00:32:05,760
Speaker 1: couldn't commit fully because he hasn't seen the reporting that

592
00:32:05,840 --> 00:32:08,040
Speaker 1: you have to make some redactions. Well, I mean, I

593
00:32:08,080 --> 00:32:10,240
Speaker 1: think everyone. I mean, we've been talking about this thing

594
00:32:10,360 --> 00:32:13,640
Speaker 1: for forever. It seems like between that and the Wall,

595
00:32:14,000 --> 00:32:16,280
Speaker 1: we we talked about the Wall and the Muller investigation.

596
00:32:16,320 --> 00:32:19,840
Speaker 1: I mean, just release it. It's literature. I mean. And

597
00:32:19,880 --> 00:32:22,760
Speaker 1: what's interesting is that Senator Lindsey Grahmm, so you mentioned

598
00:32:22,880 --> 00:32:25,760
Speaker 1: Chuck Schumer. Chuck Schumer as soon as this happened, said okay,

599
00:32:25,760 --> 00:32:27,440
Speaker 1: well we want to bring this up for in the Senate.

600
00:32:27,480 --> 00:32:30,440
Speaker 1: Senator Lindsey Graham, a Republican from South Carolina, said, not

601
00:32:30,560 --> 00:32:33,000
Speaker 1: so fast. I will add an amendment to this that

602
00:32:33,040 --> 00:32:35,760
Speaker 1: says you have to investigate Hillary Clinton's email. We're still

603
00:32:35,800 --> 00:32:38,880
Speaker 1: talking about Hillary Clintons emails, so one way or the other.

604
00:32:38,960 --> 00:32:40,400
Speaker 1: I mean, it's it's caught up in all of this.

605
00:32:40,720 --> 00:32:44,360
Speaker 1: I'm curious to see. And what Bob just said, which was,

606
00:32:44,880 --> 00:32:48,760
Speaker 1: if this investigation comes out, you know, the Republicans I

607
00:32:48,760 --> 00:32:50,640
Speaker 1: would argue, I mean, if the if the President says

608
00:32:50,640 --> 00:32:53,400
Speaker 1: there's issues of national security and they can't release this,

609
00:32:53,560 --> 00:32:56,000
Speaker 1: they could reverse on this. It's not binding. So it

610
00:32:56,040 --> 00:32:59,320
Speaker 1: was it was a really interesting night Monday in the

611
00:32:59,360 --> 00:33:01,080
Speaker 1: House of represent It is because It was right after

612
00:33:01,400 --> 00:33:04,400
Speaker 1: Speaker Nancy Pelosi had said some comments about impeachment and

613
00:33:04,400 --> 00:33:06,960
Speaker 1: how she didn't necessarily think that was the path to

614
00:33:07,040 --> 00:33:10,040
Speaker 1: go down, and she had a lot of blowback on

615
00:33:10,120 --> 00:33:12,720
Speaker 1: that from Democrats. He said, at least wait until we

616
00:33:12,760 --> 00:33:15,120
Speaker 1: have the results of the mule Report. But I think

617
00:33:15,120 --> 00:33:19,880
Speaker 1: Republicans kind of saw that as uh, this Nancy Pelosi

618
00:33:19,960 --> 00:33:23,520
Speaker 1: as the leader of Democrats recognizing that maybe Mueller the

619
00:33:23,600 --> 00:33:25,920
Speaker 1: Muller report doesn't necessarily give them the kill shot. You

620
00:33:25,960 --> 00:33:27,640
Speaker 1: know that it's not going to be as conclusive as

621
00:33:27,680 --> 00:33:30,360
Speaker 1: Democrats hope. It's going to be in what you know,

622
00:33:30,440 --> 00:33:33,320
Speaker 1: kind of revealing the sins of the president, so to speak. Yeah,

623
00:33:33,560 --> 00:33:35,480
Speaker 1: we wrote a story about ten days ago saying why

624
00:33:35,520 --> 00:33:38,640
Speaker 1: Nance Pelosi is unlikely to pursue impeachment, and it wasn't

625
00:33:38,680 --> 00:33:40,520
Speaker 1: like her office was pushing back on it. I think

626
00:33:40,520 --> 00:33:42,280
Speaker 1: they were actually pleased that we put it out there,

627
00:33:42,280 --> 00:33:44,000
Speaker 1: because if you look back at what she said about

628
00:33:44,000 --> 00:33:47,320
Speaker 1: the Clinton impeachment, it was a gift to to Clinton

629
00:33:47,360 --> 00:33:50,640
Speaker 1: and there's no way to unless there is a bombshell report,

630
00:33:50,800 --> 00:33:53,040
Speaker 1: there's no way that the Senate is going to convict

631
00:33:53,520 --> 00:33:55,520
Speaker 1: President Trump. So yeah, you can impeach them as they

632
00:33:55,560 --> 00:33:58,840
Speaker 1: did to Clinton. But then the final headline is Senator

633
00:33:58,920 --> 00:34:00,840
Speaker 1: quit Strump. And she know was that she's a she's

634
00:34:00,880 --> 00:34:03,200
Speaker 1: a student of history, and that's why she's already tamping

635
00:34:03,320 --> 00:34:06,200
Speaker 1: down these expectations. Like ten seconds. But you told me

636
00:34:06,240 --> 00:34:08,040
Speaker 1: in a break that you took off on an aircraft

637
00:34:08,080 --> 00:34:10,080
Speaker 1: carrier when you were a reporter once. Yeah, I was

638
00:34:10,160 --> 00:34:13,080
Speaker 1: in Hawaii and it was we landed on aircraft carry

639
00:34:13,120 --> 00:34:16,920
Speaker 1: and and it was quite frightening. Wow, first story. Uh no, No,

640
00:34:17,080 --> 00:34:18,440
Speaker 1: I just knew somebody in the Navy and we were

641
00:34:18,480 --> 00:34:21,480
Speaker 1: there vacation. Because all right, that's awesome. Or I want

642
00:34:21,480 --> 00:34:23,920
Speaker 1: to thank Bob Cuzack, editor in chief at The Hill Newspaper,

643
00:34:24,000 --> 00:34:25,960
Speaker 1: read all of their reporting at The Hill dot com,

644
00:34:26,000 --> 00:34:29,919
Speaker 1: and Edgerton Bloomberg News Congress Deputy deputy editor, check her out,

645
00:34:29,960 --> 00:34:32,640
Speaker 1: as well as all of our colleagues on Bloomberg dot Com.

646
00:34:32,680 --> 00:34:35,600
Speaker 1: That's it for me. I'm Kevin CURRELLI you're listening to

647
00:34:35,640 --> 00:34:36,200
Speaker 1: Bloomberg