1 00:00:00,360 --> 00:00:03,080 Speaker 1: Why from our nation's capital this budget thing is going 2 00:00:03,120 --> 00:00:05,560 Speaker 1: to do nothing space forces. I still think it's interesting 3 00:00:05,600 --> 00:00:08,920 Speaker 1: President Trump not playing his cards yet. Headlines Policy and 4 00:00:09,080 --> 00:00:15,000 Speaker 1: Politics colliding Floomberg Sound On, The Insiders, the influencers, the insides. 5 00:00:15,120 --> 00:00:17,360 Speaker 1: I would rather see a congressional solution. It's part of 6 00:00:17,400 --> 00:00:20,560 Speaker 1: my DNA. The Senate map in looks a lot different 7 00:00:20,560 --> 00:00:23,360 Speaker 1: than it looked in. You really have a divide within 8 00:00:23,560 --> 00:00:26,119 Speaker 1: Team Trump. The President has to do exactly what people 9 00:00:26,160 --> 00:00:27,880 Speaker 1: send him here to do, which is to get it done. 10 00:00:28,280 --> 00:00:32,840 Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg 11 00:00:34,040 --> 00:00:36,120 Speaker 1: and one oh five point seven f m h D 12 00:00:36,240 --> 00:00:40,800 Speaker 1: two Trade Truth Bloomberg's Jetty Leonard with the scoop out 13 00:00:40,840 --> 00:00:43,800 Speaker 1: front of all the other financial press. A truce of 14 00:00:43,880 --> 00:00:48,000 Speaker 1: sorts between the US and China, The specifics about that 15 00:00:48,080 --> 00:00:50,720 Speaker 1: meeting with President Trump and China's Vice Premier, the way 16 00:00:50,800 --> 00:00:54,280 Speaker 1: ba and what does it mean for the ongoing trade 17 00:00:54,320 --> 00:00:58,400 Speaker 1: talks between the US and China, Plus more fallout with 18 00:00:58,640 --> 00:01:01,840 Speaker 1: regards to the imp teach Mint inquiry, the latest on 19 00:01:01,920 --> 00:01:05,440 Speaker 1: that front, and on foreign policy. Troops to Saudi Arabia, 20 00:01:06,080 --> 00:01:10,200 Speaker 1: troops to Saudi Arabia and the Turks are moving in 21 00:01:10,360 --> 00:01:14,000 Speaker 1: on Syria. A lot of shifting plates, folks with regards 22 00:01:14,000 --> 00:01:16,399 Speaker 1: to geopolitics, a lot to get through. Plus for just 23 00:01:16,400 --> 00:01:19,840 Speaker 1: a couple of days away from that democratic presidential debate. 24 00:01:20,600 --> 00:01:23,160 Speaker 1: But before we get to that, I was at the 25 00:01:23,160 --> 00:01:26,199 Speaker 1: White House today, beautiful day at the White House, and look, folks, 26 00:01:26,200 --> 00:01:29,319 Speaker 1: some good news. Jenny Leonard leading the pack and then 27 00:01:29,360 --> 00:01:33,360 Speaker 1: President Trump confirming it. Trade troops reached between the US 28 00:01:33,640 --> 00:01:36,240 Speaker 1: and China, at least temporarily. Take a listen to a 29 00:01:36,280 --> 00:01:38,959 Speaker 1: President Trump had to say just within the last hour 30 00:01:39,040 --> 00:01:41,520 Speaker 1: with regards to this trade troups with the U. S 31 00:01:41,560 --> 00:01:47,119 Speaker 1: and China, here is We've had a tremendous, really negotiation, 32 00:01:47,720 --> 00:01:51,120 Speaker 1: very complex negotiation, but something that's going to be great 33 00:01:51,120 --> 00:01:54,480 Speaker 1: for both countries. So there you have it. So uh, 34 00:01:54,560 --> 00:01:58,440 Speaker 1: in terms of what this actually means, President Trump has 35 00:01:58,480 --> 00:02:01,160 Speaker 1: signaled that the US will use some of the terrorists, 36 00:02:01,160 --> 00:02:05,040 Speaker 1: maybe not lift them all entirely. And no changes by 37 00:02:05,040 --> 00:02:10,200 Speaker 1: the way to Huawei, the China UH telecommunications giants, but 38 00:02:10,560 --> 00:02:15,160 Speaker 1: easing of the tariffs, and China has bowed to have 39 00:02:15,760 --> 00:02:20,040 Speaker 1: some more agricultural purchases, so easing some of the agricultural tensions. 40 00:02:20,040 --> 00:02:23,120 Speaker 1: Good news. For farmers. Stocks love this. Traders up on 41 00:02:23,160 --> 00:02:27,520 Speaker 1: the street loved this news. Signs of progress in US 42 00:02:27,639 --> 00:02:30,200 Speaker 1: China trade talks sent stocks to the biggest gain in 43 00:02:30,200 --> 00:02:33,880 Speaker 1: a week and had Wall Street handicappers making odds on 44 00:02:33,919 --> 00:02:36,960 Speaker 1: a bigger rally to come. That's the headline from the 45 00:02:36,960 --> 00:02:42,120 Speaker 1: Bloomberg Terminal by our colleagues vill Donna Hydrick, and Lou Wang. 46 00:02:42,480 --> 00:02:45,280 Speaker 1: The SMP five and next climb to within one eight 47 00:02:45,320 --> 00:02:49,359 Speaker 1: percent of a record. Wow, one percent of a record 48 00:02:49,800 --> 00:02:52,800 Speaker 1: after President Donald Trump said the two sides agreed to 49 00:02:52,840 --> 00:02:55,880 Speaker 1: the outlines of a deal that could be signed as 50 00:02:55,880 --> 00:02:59,440 Speaker 1: early as next month. Chili, Chili, that's where they're gonna be. 51 00:02:59,520 --> 00:03:02,320 Speaker 1: President she am, President Trump or head it's a chili 52 00:03:02,919 --> 00:03:05,400 Speaker 1: for a meeting. Take a listen to what else President 53 00:03:05,400 --> 00:03:08,800 Speaker 1: Trump had to say about progress in the trade front. 54 00:03:08,800 --> 00:03:12,760 Speaker 1: Here he is would take in the purchase of agricultural 55 00:03:12,800 --> 00:03:17,040 Speaker 1: products from forty to fifty billion, meaning in that neighborhood 56 00:03:17,080 --> 00:03:21,320 Speaker 1: from forty to fifty approximately billion, And what they've been 57 00:03:21,360 --> 00:03:24,160 Speaker 1: doing now, I believe it's about eight billion, right eight 58 00:03:24,440 --> 00:03:28,760 Speaker 1: right now, it's eight billion here billion there, soybeans, folks, 59 00:03:28,800 --> 00:03:30,760 Speaker 1: it's hard to quantify that in your mind, but either way, 60 00:03:30,880 --> 00:03:33,720 Speaker 1: good news, good news for the farmers, good news heading 61 00:03:33,720 --> 00:03:37,760 Speaker 1: into the weekend. Progress progress was made after a dizzying, 62 00:03:38,080 --> 00:03:42,800 Speaker 1: dizzying week of trade headlines. Um, I wasn't sure me. 63 00:03:42,840 --> 00:03:45,600 Speaker 1: We're gonna make it. It's a Friday. And and hey, 64 00:03:45,760 --> 00:03:48,080 Speaker 1: the Vice Premier in the way Watt delivering that meeting 65 00:03:48,480 --> 00:03:51,520 Speaker 1: with President Trump. Al Weaver's here, he's national political reporter 66 00:03:51,880 --> 00:03:54,720 Speaker 1: at The Hill Newspaper, Bob cuzas Neck of the Woods, 67 00:03:54,960 --> 00:03:58,560 Speaker 1: and Eli Yokeley, political reporter for Morning Consult. All right, 68 00:03:58,840 --> 00:04:01,480 Speaker 1: we have so much to get there on geopolitics, but 69 00:04:01,480 --> 00:04:04,080 Speaker 1: we gotta start out with this big trade story. Al, 70 00:04:04,200 --> 00:04:07,240 Speaker 1: this is great news for President Trump. No, no, it is. 71 00:04:07,280 --> 00:04:09,280 Speaker 1: It is. He's been wanting to win on China for 72 00:04:09,320 --> 00:04:12,040 Speaker 1: a while. It's something he's always been pushing, uh. Something 73 00:04:12,040 --> 00:04:14,520 Speaker 1: He's even gotten some support from Democrats with on the Hill, 74 00:04:14,560 --> 00:04:16,840 Speaker 1: you know, Chuck Schumer and Chery Brown, a few others. 75 00:04:17,320 --> 00:04:19,440 Speaker 1: But you know, here's the one theory he has to 76 00:04:19,440 --> 00:04:20,800 Speaker 1: have in his back of his mind is you know, 77 00:04:20,839 --> 00:04:22,240 Speaker 1: you look at the last couple of years and he's 78 00:04:22,240 --> 00:04:23,560 Speaker 1: and you go back to the Negro chasing of that 79 00:04:23,640 --> 00:04:27,600 Speaker 1: with North Korea, and you know they have meetings, they 80 00:04:27,600 --> 00:04:31,240 Speaker 1: had the deals that so far that they've alleged that 81 00:04:31,279 --> 00:04:33,560 Speaker 1: have gone through. But we were just threw up some 82 00:04:33,680 --> 00:04:36,680 Speaker 1: air quotes. Air quotes air quotes here, um, And so 83 00:04:36,760 --> 00:04:38,760 Speaker 1: the question is gonna be where is where do we? 84 00:04:38,800 --> 00:04:40,800 Speaker 1: Where are we on six months from now? Are are 85 00:04:41,120 --> 00:04:43,040 Speaker 1: is trying to get me hanging onto their end of 86 00:04:43,040 --> 00:04:45,520 Speaker 1: the deal? Kind of like the North Korean's haven't? At 87 00:04:45,600 --> 00:04:48,039 Speaker 1: least that's what people who allege. And uh, and where 88 00:04:48,040 --> 00:04:49,719 Speaker 1: does Trump go from here? Does he stick with it 89 00:04:49,839 --> 00:04:52,640 Speaker 1: or does he not? So? Uh, there's a lot of 90 00:04:52,680 --> 00:04:54,560 Speaker 1: ten years times coming for both. Short term it's a 91 00:04:54,640 --> 00:04:57,240 Speaker 1: win for the president. So eli short term win for 92 00:04:57,240 --> 00:04:59,960 Speaker 1: the president. How does it relate to the agricultural sector 93 00:05:00,040 --> 00:05:03,560 Speaker 1: in some of these uh more Midwest states? Well, I 94 00:05:03,560 --> 00:05:05,039 Speaker 1: think that there's a lot of farmers who are nervous 95 00:05:05,040 --> 00:05:07,239 Speaker 1: about China trade. I mean, whenever you listen to candidates 96 00:05:07,279 --> 00:05:10,120 Speaker 1: in thousand eighteen talk about the Chinese trade war, a 97 00:05:10,120 --> 00:05:12,359 Speaker 1: lot of them said President Donald Trump didn't start this 98 00:05:12,400 --> 00:05:15,200 Speaker 1: trade war, but he's sure fighting it. Um. That that 99 00:05:15,360 --> 00:05:17,400 Speaker 1: message worked in two thousand eighteen. I think a lot 100 00:05:17,440 --> 00:05:19,760 Speaker 1: of farmers got nervous after that. You saw the subsidies 101 00:05:19,760 --> 00:05:23,360 Speaker 1: Trump had to put into place. Um, I take Al's point. 102 00:05:23,440 --> 00:05:25,920 Speaker 1: I think it's very interesting to see what happens next 103 00:05:25,960 --> 00:05:28,599 Speaker 1: if we get past this phase two of this agreement. 104 00:05:29,000 --> 00:05:31,360 Speaker 1: But look, this is a place where President Trump's nervous, 105 00:05:31,400 --> 00:05:33,480 Speaker 1: especially as he faces these questions of impeachment. I mean, 106 00:05:33,720 --> 00:05:37,479 Speaker 1: we did a poll earlier this summer that found about 107 00:05:37,520 --> 00:05:39,760 Speaker 1: seven and ten voters, so they blamed Trump if the 108 00:05:39,800 --> 00:05:44,320 Speaker 1: economy soured. His approval rating was on the economy was 109 00:05:44,400 --> 00:05:47,760 Speaker 1: worse than it was on his presidency. And so this 110 00:05:47,800 --> 00:05:50,440 Speaker 1: is a vulnerability. And if he sees the economy going 111 00:05:50,480 --> 00:05:52,039 Speaker 1: in a bad direction, that's not good for him. And 112 00:05:52,240 --> 00:05:55,359 Speaker 1: I just can't underscore this enough. I mean, we kicked 113 00:05:55,400 --> 00:05:59,159 Speaker 1: off the week when I can't even There was reports 114 00:05:59,200 --> 00:06:02,559 Speaker 1: that the Chinese is might even cut short their trip. 115 00:06:02,680 --> 00:06:05,839 Speaker 1: There was reports that that they wanted to just clear 116 00:06:05,960 --> 00:06:09,760 Speaker 1: the agenda of any large scale type of progress. You 117 00:06:09,880 --> 00:06:14,320 Speaker 1: had both leaders of the world's two largest economies taking 118 00:06:14,360 --> 00:06:18,120 Speaker 1: shots at each other, not directly, but through various respective 119 00:06:18,160 --> 00:06:23,159 Speaker 1: political mechanisms. Where the President Shi Jing Ping of China 120 00:06:23,200 --> 00:06:26,679 Speaker 1: getting criticized over Hong Kong and the protest. Don't forget 121 00:06:26,680 --> 00:06:30,640 Speaker 1: about that, NBA Houston Rockets saga President Trump obviously with 122 00:06:30,680 --> 00:06:35,840 Speaker 1: the impeachment inquiry, I mean, and to arrive today this 123 00:06:35,920 --> 00:06:39,320 Speaker 1: afternoon with Bloomberg's Jenny Leonard scoop and then the President 124 00:06:39,360 --> 00:06:43,040 Speaker 1: confirming it about phase one that they're calling it phase 125 00:06:43,120 --> 00:06:46,960 Speaker 1: one of the trade truce agreement. Look, folks, I mean, 126 00:06:47,320 --> 00:06:49,799 Speaker 1: this is this is a big this is big news. 127 00:06:50,279 --> 00:06:53,039 Speaker 1: This was the according to the Bloomberg terminal I'm reading 128 00:06:53,040 --> 00:06:55,919 Speaker 1: from Jenny's stellar reporting on this, the agreement marks the 129 00:06:55,960 --> 00:06:59,360 Speaker 1: biggest breakthrough and the eighteen month trade war that has 130 00:06:59,440 --> 00:07:03,760 Speaker 1: hurt the economies of both nations. Importantly, Trump said the 131 00:07:03,760 --> 00:07:06,719 Speaker 1: deal was the first phase of a broader agreement. The 132 00:07:06,720 --> 00:07:11,040 Speaker 1: President indicated he could sign a deal with She at 133 00:07:11,080 --> 00:07:15,360 Speaker 1: an upcoming November summit in Chile. Now, both of you 134 00:07:15,640 --> 00:07:18,080 Speaker 1: have raised the points about the president on the global scale. 135 00:07:18,120 --> 00:07:21,720 Speaker 1: Think back to Vietnam. I remember that Vietnam trip and 136 00:07:22,240 --> 00:07:25,720 Speaker 1: the President walking out on the really not going as 137 00:07:25,720 --> 00:07:28,400 Speaker 1: well as it could have gone with North Korea dictator 138 00:07:28,480 --> 00:07:32,120 Speaker 1: Kim Jong un. But hey, President She, President Trump, they 139 00:07:32,160 --> 00:07:35,080 Speaker 1: come face to face next month in it at the 140 00:07:35,120 --> 00:07:38,320 Speaker 1: summit in Chili. Panel stays, we're gonna talk more geopolitics. 141 00:07:38,360 --> 00:07:41,800 Speaker 1: Foreign policy, what's going on with Syria, Saudi Arabia, and 142 00:07:41,840 --> 00:07:45,920 Speaker 1: of course the election. I'm headed to Ohio next week 143 00:07:45,960 --> 00:07:49,679 Speaker 1: to cover that third Democrat, fourth fourth Democratic presidential board. 144 00:07:49,880 --> 00:07:52,400 Speaker 1: I can't even keep counting more, panel stays Al Weaver, 145 00:07:52,560 --> 00:07:56,119 Speaker 1: Eli Yoakley. Download the Bloomberg Sound On podcast on Apple, 146 00:07:56,200 --> 00:07:58,480 Speaker 1: it Tunes, ap, Bloomberg dot com, or by downloading the 147 00:07:58,480 --> 00:08:01,440 Speaker 1: Bloomberg Business app. You can also find on Radio dot com, 148 00:08:01,560 --> 00:08:05,320 Speaker 1: I Heart Radio and Spotify. I'm Kevin CERELLI maybe I'll 149 00:08:05,320 --> 00:08:12,200 Speaker 1: be headed Chili. You're listening to Bloomberg. You're listening to 150 00:08:12,360 --> 00:08:16,960 Speaker 1: Bloomberg Sound On with Kevin Currel on Bloomberg and one 151 00:08:17,000 --> 00:08:19,840 Speaker 1: oh five point seven m h D two. All right, 152 00:08:19,920 --> 00:08:23,600 Speaker 1: so we covered the China story Phase one. Phase one 153 00:08:23,840 --> 00:08:25,680 Speaker 1: of the China story. They got they got to some 154 00:08:25,720 --> 00:08:28,120 Speaker 1: type of truce, good news, stock market like to you're 155 00:08:28,160 --> 00:08:31,320 Speaker 1: ready for this? This just crossed the Bloomberg terminal. At 156 00:08:31,360 --> 00:08:36,960 Speaker 1: four pm, Trump said he doesn't know if Rudy Giuliani 157 00:08:37,080 --> 00:08:40,720 Speaker 1: is still his personal attorney. I'm reading from the Bloomberg terminal. 158 00:08:41,160 --> 00:08:43,960 Speaker 1: Trump made the comment at the White House Friday, in 159 00:08:44,000 --> 00:08:47,960 Speaker 1: response to a reporter's questions Juliani is being scrutinized by 160 00:08:47,960 --> 00:08:51,240 Speaker 1: federal investigators for his financial dealings following the indictment of 161 00:08:51,280 --> 00:08:54,920 Speaker 1: two of his associates on charges of violating campaign finance laws, 162 00:08:55,360 --> 00:08:59,040 Speaker 1: according to a law enforcement official. Alright, I'm Kevin Cirelli, 163 00:08:59,120 --> 00:09:01,840 Speaker 1: Chief Washington Course on It FRO, Bloomberg Television and Bloomberg Radio. 164 00:09:01,880 --> 00:09:04,600 Speaker 1: Al Weaver's here national political reporter at the Hill. Big 165 00:09:04,640 --> 00:09:10,439 Speaker 1: Eagles fan, great team, great sports team. Eli yole is 166 00:09:10,520 --> 00:09:14,240 Speaker 1: all that was so not right. Eli Yokley is also 167 00:09:14,280 --> 00:09:19,360 Speaker 1: a here political reporter from morning consult. Alum, back to 168 00:09:19,600 --> 00:09:24,720 Speaker 1: having a politics show. Um, you've brought it up focus, Kevin, 169 00:09:24,760 --> 00:09:28,280 Speaker 1: it's Friday, you made it? Uh, okay Trump. President Trump 170 00:09:28,360 --> 00:09:30,160 Speaker 1: just says he doesn't know if Rudy Giuliani is still 171 00:09:30,160 --> 00:09:32,880 Speaker 1: his personal attorney. Clearly that means that all of this 172 00:09:32,920 --> 00:09:35,880 Speaker 1: Giuliani fodder. Uh. And here's the direct quote we got 173 00:09:35,880 --> 00:09:37,600 Speaker 1: it from our White House team, the verbide as they 174 00:09:37,600 --> 00:09:40,680 Speaker 1: call it quote. I don't know. I haven't spoken to Rudy. 175 00:09:40,920 --> 00:09:43,840 Speaker 1: I spoke to him yesterday briefly, so you have. I 176 00:09:43,840 --> 00:09:46,600 Speaker 1: mean what, he's a very good attorney and he has 177 00:09:46,679 --> 00:09:51,000 Speaker 1: been my attorney. So he doesn't know now, looking good 178 00:09:51,000 --> 00:09:53,079 Speaker 1: if you're Rudy Giuliani hadn't on the Friday. Yeah, it's 179 00:09:53,080 --> 00:09:57,720 Speaker 1: been quite the week for Rudy. Uh put him mildly. Um. Yeah, 180 00:09:57,840 --> 00:09:59,960 Speaker 1: I'm curious where this goes with him. I mean, Rudy's 181 00:10:00,000 --> 00:10:02,079 Speaker 1: I spend in the news. He's been probably one of 182 00:10:02,120 --> 00:10:04,320 Speaker 1: those prominent players in Trump were all the last month 183 00:10:04,400 --> 00:10:07,760 Speaker 1: two months. Uh, And the President saying this is almost 184 00:10:07,760 --> 00:10:10,360 Speaker 1: like a kiss of death. Sounds like a kiss of 185 00:10:10,400 --> 00:10:13,800 Speaker 1: death and also sounds like there must be more there. 186 00:10:13,840 --> 00:10:16,320 Speaker 1: I mean there's but on the same note, you know 187 00:10:16,360 --> 00:10:18,000 Speaker 1: we've mentioned the word to kiss of death. It's almost 188 00:10:18,000 --> 00:10:21,080 Speaker 1: like everything Rudy touches dies lately. You know. It's one 189 00:10:21,080 --> 00:10:23,079 Speaker 1: of those deals. I mean, you see the situation with 190 00:10:23,120 --> 00:10:25,679 Speaker 1: the associates that we're flying out to Europe the least 191 00:10:25,800 --> 00:10:28,719 Speaker 1: one ticket and he was supposed to he's flying out 192 00:10:28,720 --> 00:10:32,880 Speaker 1: the vienna yesterday, and just it seems like things that 193 00:10:32,960 --> 00:10:34,959 Speaker 1: Rudy touches these days is not usually a good thing 194 00:10:34,960 --> 00:10:37,640 Speaker 1: for the president. And then there's this story that that 195 00:10:37,640 --> 00:10:41,720 Speaker 1: that happened earlier today. Mary Yovanovich, who was stripped of 196 00:10:41,760 --> 00:10:45,679 Speaker 1: her post as US Ambassador to Ukraine, told House Impeachment 197 00:10:45,720 --> 00:10:50,439 Speaker 1: investigators Friday that she was ousted after a quote concerted 198 00:10:50,559 --> 00:10:54,600 Speaker 1: campaign unquote by President Donald Trump and his allies, including 199 00:10:55,040 --> 00:11:00,400 Speaker 1: Rudy Giuliani. Al yeah, yeah, I mean it's literally what 200 00:11:00,440 --> 00:11:03,360 Speaker 1: I just said. I mean, Rudy has been to be 201 00:11:03,400 --> 00:11:05,560 Speaker 1: part of this Ukraine thing obviously the last couple of weeks, 202 00:11:06,040 --> 00:11:08,560 Speaker 1: the central player in it. And this, I mean, this 203 00:11:08,640 --> 00:11:10,199 Speaker 1: is they're just kind of peeling the onion back a 204 00:11:10,200 --> 00:11:12,680 Speaker 1: little bit. I'm I'm wondering where these layers go from here. 205 00:11:12,880 --> 00:11:15,760 Speaker 1: How much more involved he caught, how he involved he is, 206 00:11:16,200 --> 00:11:18,200 Speaker 1: because this surely this is not the end of the 207 00:11:18,280 --> 00:11:23,120 Speaker 1: end of the storyline. The Mary Jovanovich is likely to 208 00:11:23,160 --> 00:11:25,360 Speaker 1: be the key in the case that House Democrats are 209 00:11:25,400 --> 00:11:28,280 Speaker 1: attempting to build for Trump's impeachment, the chairman of the 210 00:11:28,320 --> 00:11:30,960 Speaker 1: Committees of Intel, Foreign Affairs, and never said obviously they've 211 00:11:31,000 --> 00:11:34,079 Speaker 1: been issuing subpoenis all right, Eli Yoakley, break down the 212 00:11:34,120 --> 00:11:36,719 Speaker 1: polls Morning Consult does pulls on everything. Everything you want 213 00:11:36,760 --> 00:11:39,680 Speaker 1: to know, Morgy Consult has a pull on And how 214 00:11:39,760 --> 00:11:44,360 Speaker 1: is this Ukraine story impacting at all? What are you 215 00:11:44,360 --> 00:11:46,360 Speaker 1: guys seeing in the polls? I mean, if Trump's trying 216 00:11:46,360 --> 00:11:48,320 Speaker 1: to meddle in the Democratic primary. It's not working. I mean, 217 00:11:48,320 --> 00:11:51,480 Speaker 1: Democratic voters are just not responding to this at all. Um, 218 00:11:51,520 --> 00:11:53,280 Speaker 1: if you pull a dozen things on it, it's the 219 00:11:53,320 --> 00:11:56,559 Speaker 1: last thing on the list. When in terms of going 220 00:11:56,600 --> 00:11:59,280 Speaker 1: at Joe Biden, Um, he remains very popular. He's not 221 00:11:59,320 --> 00:12:02,800 Speaker 1: moving down than the polls. He's staying pretty strong throughout 222 00:12:02,800 --> 00:12:05,040 Speaker 1: all of this, and Trump hasn't been able to land 223 00:12:05,040 --> 00:12:06,520 Speaker 1: a punch. I thought it was interesting. Joe Biden came 224 00:12:06,559 --> 00:12:09,440 Speaker 1: out very strong and very well received speech this week 225 00:12:09,520 --> 00:12:13,000 Speaker 1: hitting back at Trump, calling for his impeachment, sort of 226 00:12:13,080 --> 00:12:16,479 Speaker 1: leaning into this discussion. Um, we'll see how this investigation 227 00:12:16,480 --> 00:12:18,960 Speaker 1: plays out and Congress comes back next week. This is 228 00:12:18,960 --> 00:12:22,320 Speaker 1: gonna be the number one issue here in Washington. Um, 229 00:12:22,360 --> 00:12:26,920 Speaker 1: even in amid the debates. So, okay, So the debates 230 00:12:26,960 --> 00:12:32,000 Speaker 1: Tuesday night in Ohio, Ohio, Ohio, Columbus, Ohio, right or Cleveland. 231 00:12:32,000 --> 00:12:35,320 Speaker 1: It's outside of Columbus, Columbus sor right. Yeah, So I'm 232 00:12:35,360 --> 00:12:38,280 Speaker 1: gonna be there. Are are you expecting? I mean, Biden 233 00:12:38,360 --> 00:12:40,600 Speaker 1: world doesn't want anyone bringing this up in the debate, 234 00:12:40,679 --> 00:12:43,120 Speaker 1: But I mean, is it fair? I mean, are there 235 00:12:43,160 --> 00:12:46,319 Speaker 1: ways to bring it up? Not necessarily in the way 236 00:12:46,360 --> 00:12:48,280 Speaker 1: that President Trump obviously would bring it up. But I 237 00:12:48,280 --> 00:12:51,280 Speaker 1: mean in terms of an electability issue, is there more there? 238 00:12:51,280 --> 00:12:53,960 Speaker 1: I mean, that's what we saw with Hillary's emails. I 239 00:12:53,960 --> 00:12:57,080 Speaker 1: mean it's not working with Democrats. It's not really working 240 00:12:57,160 --> 00:12:59,320 Speaker 1: with voters generally either. If you ask me, this is 241 00:12:59,320 --> 00:13:01,920 Speaker 1: going to impact they're going to vote. Um, if it 242 00:13:01,960 --> 00:13:04,600 Speaker 1: would just be hard for a Democratic presidential candidate to 243 00:13:04,679 --> 00:13:06,960 Speaker 1: litigate this case against Joe Biden. This is not an 244 00:13:06,960 --> 00:13:08,880 Speaker 1: easy issue for them to get involved with. It's much 245 00:13:08,880 --> 00:13:11,360 Speaker 1: easier to use this against Donald Trump. It's a pretty 246 00:13:11,360 --> 00:13:14,360 Speaker 1: easy case to make. What about So where's this what's 247 00:13:14,400 --> 00:13:19,120 Speaker 1: the source of Warren's momentum? Um, it's coming from across 248 00:13:19,200 --> 00:13:23,040 Speaker 1: the board generally. Um, it's not as strong with African Americans, 249 00:13:23,040 --> 00:13:26,480 Speaker 1: for example, but it's still there. Um, we're seeing that 250 00:13:26,559 --> 00:13:29,440 Speaker 1: now she is the number two pick if for four 251 00:13:29,520 --> 00:13:32,200 Speaker 1: first choice Joe Biden and Bernie Sanders voters. So um, 252 00:13:32,520 --> 00:13:35,120 Speaker 1: w wait say that again? That bears repeating al Weaver. 253 00:13:35,800 --> 00:13:39,760 Speaker 1: Elizabeth Warren is the first pick for the next the 254 00:13:39,800 --> 00:13:45,600 Speaker 1: second pick for Biden voters and Bernie's Wow, she's tied 255 00:13:45,640 --> 00:13:47,720 Speaker 1: for Sanders voters with Biden. But it's it's getting close, 256 00:13:47,720 --> 00:13:49,480 Speaker 1: and it's been a steady rise all summer. I mean, 257 00:13:49,600 --> 00:13:51,719 Speaker 1: she's sort of the little turtle that could almost. I 258 00:13:51,720 --> 00:13:58,120 Speaker 1: mean it's just like every every could whatever, Yeah, something 259 00:13:58,160 --> 00:14:02,160 Speaker 1: that could. I don't want to get in I mean, 260 00:14:02,559 --> 00:14:04,959 Speaker 1: I don't want to keep moving forward going. So we'll 261 00:14:04,960 --> 00:14:07,120 Speaker 1: see how the debate goes. I mean, the expectations are 262 00:14:07,120 --> 00:14:09,480 Speaker 1: probably gonna be high for her next week. There's twelve 263 00:14:09,600 --> 00:14:12,400 Speaker 1: candidates on stage, maybe eleven. If Tulsea Gabbard actually pulls 264 00:14:12,400 --> 00:14:14,040 Speaker 1: out of the debate this year, it's hard to get 265 00:14:14,040 --> 00:14:16,560 Speaker 1: into Did you see what Telsey said? She said that 266 00:14:16,600 --> 00:14:19,840 Speaker 1: the d n C is rigging it or something. Everyone's 267 00:14:19,920 --> 00:14:23,840 Speaker 1: rigging everything. Everybody that somebody pulling that low in a 268 00:14:23,960 --> 00:14:26,200 Speaker 1: presidential race would not take the opportunity to be on 269 00:14:26,200 --> 00:14:29,360 Speaker 1: a national television stage. It seems like a miss step. 270 00:14:29,440 --> 00:14:32,200 Speaker 1: All right. Well, speaking of foreign policy and Tulsea Gabbard's 271 00:14:32,320 --> 00:14:35,720 Speaker 1: view of foreign policy, we're gonna talk what happened today 272 00:14:35,760 --> 00:14:40,040 Speaker 1: with foreign policy coming up. Because President Trump is thinking 273 00:14:40,040 --> 00:14:43,400 Speaker 1: about sending additional troops to the Middle East, eight hundred 274 00:14:43,400 --> 00:14:46,600 Speaker 1: troops to Saudi Arabia. It's a back to Saudiast. Meanwhile, 275 00:14:47,360 --> 00:14:50,720 Speaker 1: Turkey Turkey has made moves with regards to Syria. As 276 00:14:50,720 --> 00:14:54,400 Speaker 1: the results maybe potentially the Hawks are saying on Capitol 277 00:14:54,480 --> 00:14:57,320 Speaker 1: Hill as a result of that decision to pull out 278 00:14:57,920 --> 00:15:02,240 Speaker 1: UH from Syria UH and and pull support from our 279 00:15:02,600 --> 00:15:06,120 Speaker 1: Kurdish allies, panel stays Eli Yoakley al Weaver. Download the 280 00:15:06,120 --> 00:15:09,680 Speaker 1: Bloomberg Sound On podcast on Apple iTunes, at Bloomberg dot com, 281 00:15:09,800 --> 00:15:11,960 Speaker 1: or by downloading the Bloomberg Business app. You can also 282 00:15:11,960 --> 00:15:15,960 Speaker 1: find us on Radio dot Com, I Heart Radio and Spotify. 283 00:15:16,000 --> 00:15:18,840 Speaker 1: I'm Kevin Cirelli, Chief Washington correspondent from Bloomberg Television of 284 00:15:18,840 --> 00:15:28,040 Speaker 1: Bloomberg Radio. You're listening to Bloomberg. You're listening to Bloomberg 285 00:15:28,120 --> 00:15:32,280 Speaker 1: Sound On with Kevin Surrele on Bloomberg and one oh 286 00:15:32,320 --> 00:15:35,400 Speaker 1: five point seven f m h D two. I'm Kevin Cirelli, 287 00:15:35,520 --> 00:15:38,880 Speaker 1: Chief Washington correspondent from Bloomberg Television and Bloomberg Radio. Some 288 00:15:39,000 --> 00:15:42,600 Speaker 1: key developments on the geo political front, the Pentagon said 289 00:15:42,680 --> 00:15:45,440 Speaker 1: it's ramping up its deployment of U S forces to 290 00:15:45,480 --> 00:15:48,520 Speaker 1: the Middle East to quote as shore and enhance the 291 00:15:48,560 --> 00:15:52,080 Speaker 1: defense of Saudi Arabia end quote against Iran. At the 292 00:15:52,160 --> 00:15:54,680 Speaker 1: same time, President Donald Trump has a bowed to start 293 00:15:54,720 --> 00:15:59,440 Speaker 1: bringing troops home from the region that according to Anthony 294 00:15:59,520 --> 00:16:03,880 Speaker 1: Capachi and Glenn Carey's reporting on the Bloomberg terminal. Joining 295 00:16:03,880 --> 00:16:06,240 Speaker 1: me here in studio Al Weaver. He is a national 296 00:16:06,280 --> 00:16:10,080 Speaker 1: political reporter at The Hill Newspaper and Eli Yokley political 297 00:16:10,120 --> 00:16:14,400 Speaker 1: reporter for Morning Consult. I'm struck by and struck by this, Eli, 298 00:16:14,520 --> 00:16:17,400 Speaker 1: because this news with regards to Saudi Arabia, which has 299 00:16:17,440 --> 00:16:21,120 Speaker 1: proven to be a tricky domestic political issue for this 300 00:16:21,240 --> 00:16:24,800 Speaker 1: president Uh comes the same week that he had announced 301 00:16:24,840 --> 00:16:29,320 Speaker 1: that he was pulling troops from northern Syria, which drew 302 00:16:29,400 --> 00:16:34,000 Speaker 1: criticism sparked criticism from Hawks, including key allies of the 303 00:16:34,000 --> 00:16:37,560 Speaker 1: president such as Senate Majority Leader Mitch McConnell, as well 304 00:16:37,600 --> 00:16:43,400 Speaker 1: as Senator Lindsey Graham and Congresswoman Liz Cheney as well. UM. So, 305 00:16:43,560 --> 00:16:46,800 Speaker 1: this this new decision with regards to Saudi Arabia, how 306 00:16:46,840 --> 00:16:49,560 Speaker 1: do you what what have you seen in the polls 307 00:16:49,600 --> 00:16:53,760 Speaker 1: about the president's foreign policy and how that's impacted voters. 308 00:16:54,400 --> 00:16:57,720 Speaker 1: Voters have generally been against some of these foreign entanglements UM, 309 00:16:58,120 --> 00:17:01,560 Speaker 1: particularly things like Afghanistan and Iraq. Um, it'll be interesting 310 00:17:01,560 --> 00:17:04,760 Speaker 1: to see how Republican officials respond to the Saudi Arabia news. 311 00:17:04,760 --> 00:17:06,680 Speaker 1: I know it just came out this afternoon, but it's 312 00:17:06,680 --> 00:17:09,000 Speaker 1: almost whiplash for the Hawks in Congress this week. I mean, 313 00:17:09,040 --> 00:17:12,159 Speaker 1: we saw set a majority leader Mitch McConnell Ray's concerns 314 00:17:12,200 --> 00:17:15,800 Speaker 1: about the Syria decision. Um Senator Lindsey Graham teamed up 315 00:17:15,800 --> 00:17:18,719 Speaker 1: with Chris fan halland a Democrat of Maryland to propose 316 00:17:18,800 --> 00:17:21,280 Speaker 1: sanctions on Turkey for his actions against the CURDE. So 317 00:17:21,760 --> 00:17:24,840 Speaker 1: this is a really interesting week for for these folks. 318 00:17:24,920 --> 00:17:29,400 Speaker 1: It really is, because on one hand, we were talking 319 00:17:29,440 --> 00:17:31,920 Speaker 1: about this all throughout the week right on the one hand, 320 00:17:31,920 --> 00:17:34,880 Speaker 1: the president now has the opportunity to hit the campaign 321 00:17:34,920 --> 00:17:38,000 Speaker 1: trail and say that he's that he's put Isis on 322 00:17:38,040 --> 00:17:42,639 Speaker 1: defense and that he's bringing troops home. But with this news, well, 323 00:17:42,680 --> 00:17:45,120 Speaker 1: I mean sending troops to Saudi Arabia at a time 324 00:17:45,160 --> 00:17:48,320 Speaker 1: when again he's been criticized with how his administration has 325 00:17:48,359 --> 00:17:52,240 Speaker 1: responded to the killing of journalist Jamal Shaggy and Saudi Arabia, 326 00:17:52,520 --> 00:17:54,520 Speaker 1: and also at a time in which the new Saudi 327 00:17:54,640 --> 00:17:58,520 Speaker 1: crown Prince Mohammed but Salmon has been trying to reset, 328 00:17:59,119 --> 00:18:02,600 Speaker 1: so to speak, relations with the international community following the 329 00:18:02,680 --> 00:18:08,200 Speaker 1: killing of Khaki. It really has been a difficult notion 330 00:18:08,320 --> 00:18:11,399 Speaker 1: for him. Let me play for you, al Weaver, what 331 00:18:11,640 --> 00:18:16,040 Speaker 1: Secretary of Defense Mark Esper said about these developments with 332 00:18:16,080 --> 00:18:19,600 Speaker 1: regards to Saudi Arabia. Here's the Secretary of Defense, Mark Esper. 333 00:18:19,840 --> 00:18:23,080 Speaker 1: We all soon employed naval forces, brigade combat teams, bombers, 334 00:18:23,320 --> 00:18:27,159 Speaker 1: and other military capabilities in a similarly unpredictable fashion to 335 00:18:27,200 --> 00:18:29,720 Speaker 1: place the right force in the right location at the 336 00:18:29,800 --> 00:18:33,520 Speaker 1: right time. Three thousand troops, maybe the uptick involves three 337 00:18:33,640 --> 00:18:37,600 Speaker 1: thousand troops in total that they're going to be moving. 338 00:18:38,640 --> 00:18:41,280 Speaker 1: What are you hearing from your sources on Capitol Hill 339 00:18:41,320 --> 00:18:45,680 Speaker 1: al about this week with regards to the president's decisions 340 00:18:45,680 --> 00:18:47,840 Speaker 1: in Middle Eastern policy and Syria, Well, they're kind of 341 00:18:47,880 --> 00:18:49,879 Speaker 1: all over the map at this point. I mean, obviously 342 00:18:49,880 --> 00:18:52,440 Speaker 1: the Syria thing is is something that I mean, people 343 00:18:52,440 --> 00:18:54,520 Speaker 1: do not see that one coming necessarily, but they probably 344 00:18:54,520 --> 00:18:57,840 Speaker 1: should have foughten written reality. Um. I mean, the president 345 00:18:57,920 --> 00:19:00,359 Speaker 1: for for years has been saying we got to get 346 00:19:00,359 --> 00:19:03,159 Speaker 1: out of these places. He's rail against the rail, against 347 00:19:03,280 --> 00:19:06,280 Speaker 1: troops in Afghanistan, rail against the rack. He's been doing 348 00:19:06,280 --> 00:19:08,800 Speaker 1: that for years. Obviously, and now with the Syrias thing, 349 00:19:08,840 --> 00:19:11,440 Speaker 1: it's really kind of put Republicans on notice even more 350 00:19:11,480 --> 00:19:13,800 Speaker 1: than they had been. Um. I mean, there's two things 351 00:19:13,840 --> 00:19:16,440 Speaker 1: that Republicans largely will go out to the president for 352 00:19:16,560 --> 00:19:18,280 Speaker 1: and they have no hesitation to do so. It's this 353 00:19:18,359 --> 00:19:21,200 Speaker 1: and tariffs, and this one probably even more so than tariffs. 354 00:19:21,240 --> 00:19:23,680 Speaker 1: At least with the China the Chinese situation, they're just 355 00:19:23,760 --> 00:19:25,800 Speaker 1: kind of like, Okay, well, you know what, let's give 356 00:19:25,880 --> 00:19:27,680 Speaker 1: him some leeway. We don't like, you know, the whole 357 00:19:27,720 --> 00:19:29,800 Speaker 1: China situation either, Let's see if he can get something 358 00:19:29,880 --> 00:19:33,159 Speaker 1: done this one there, Well, they don't equivocate nearly as much. 359 00:19:33,160 --> 00:19:35,560 Speaker 1: They're much more definitive. But with the Saudi Arabia move, 360 00:19:35,600 --> 00:19:37,240 Speaker 1: I think there's only many questions that they're gonna have 361 00:19:37,280 --> 00:19:43,160 Speaker 1: to answer at this point. Crude oil futures rallied rallied 362 00:19:43,640 --> 00:19:46,920 Speaker 1: on this news. And remember it's just the other week 363 00:19:47,720 --> 00:19:55,320 Speaker 1: that Saudi Arabia's oil facilities were bombed bombed by Iran. 364 00:19:55,920 --> 00:19:59,359 Speaker 1: That the that the administration blames a ron for. Here's 365 00:19:59,359 --> 00:20:02,400 Speaker 1: what Brian Hook, who comes on the program frequently, he 366 00:20:02,560 --> 00:20:05,760 Speaker 1: spoke about this today. He's a senior advisor to the 367 00:20:05,800 --> 00:20:09,120 Speaker 1: Secretary of State Mike Pompeo, he's in charge of all 368 00:20:09,160 --> 00:20:13,360 Speaker 1: of the iron portfolio and whatnot. He was speaking about this, 369 00:20:13,680 --> 00:20:18,119 Speaker 1: uh with Defense Secretary Mark Esper earlier today at a 370 00:20:18,119 --> 00:20:20,640 Speaker 1: at a press briefing with regards to this news about 371 00:20:20,680 --> 00:20:23,600 Speaker 1: these troops. Here's Brian Hook Here's what he said. Nations 372 00:20:23,640 --> 00:20:28,359 Speaker 1: around the world need to hold Iran accountable, press Iran 373 00:20:28,640 --> 00:20:33,000 Speaker 1: to de escalate and join us in our commitment to 374 00:20:33,160 --> 00:20:36,919 Speaker 1: providing stability in the region. So, once again, this is 375 00:20:37,000 --> 00:20:39,520 Speaker 1: without question about Iran, and it comes at a time 376 00:20:39,520 --> 00:20:43,199 Speaker 1: in which the president pulled troops from northern Syria, and 377 00:20:43,200 --> 00:20:46,560 Speaker 1: then today we get word that he is relocating h 378 00:20:46,920 --> 00:20:50,160 Speaker 1: troops three thousand troops, sending them to Saudi Arabia to 379 00:20:50,160 --> 00:20:53,520 Speaker 1: to help support the Saudiast. So, you know, I mean, 380 00:20:54,320 --> 00:20:57,040 Speaker 1: it's SIT's that's where we are on that front. Uh. 381 00:20:57,160 --> 00:21:00,639 Speaker 1: Do you think in terms of that liberty arian streak 382 00:21:00,720 --> 00:21:05,720 Speaker 1: of Republican politics and Tulca Gabber politics, do you think, uh, 383 00:21:05,880 --> 00:21:08,560 Speaker 1: Eli Yokli on the Morner Council, do you think that 384 00:21:08,560 --> 00:21:12,600 Speaker 1: that that that is something that perhaps Democrats and Republicans 385 00:21:12,600 --> 00:21:15,640 Speaker 1: are are underestimating. I think that a number of Democrats 386 00:21:15,720 --> 00:21:18,440 Speaker 1: probably agree with getting out of the Tulci Gabert wing 387 00:21:18,480 --> 00:21:21,440 Speaker 1: of the Democratic Party, and there's others that aren't. As 388 00:21:21,480 --> 00:21:23,359 Speaker 1: a line with Sirias she is on some of these issues, 389 00:21:23,359 --> 00:21:26,760 Speaker 1: who are probably probably on board. Um, look that if 390 00:21:26,800 --> 00:21:29,000 Speaker 1: you're Lindsay Graham or Mitch McConnell, I mean, you know, 391 00:21:29,560 --> 00:21:31,600 Speaker 1: I know Donald Trump has said that the Courage weren't 392 00:21:31,640 --> 00:21:33,080 Speaker 1: with us in the World War Two, but they were 393 00:21:33,480 --> 00:21:36,159 Speaker 1: with us for the last couple of decades, and and uh, 394 00:21:36,280 --> 00:21:39,560 Speaker 1: there's some like emotional allegiance to them. Um that of 395 00:21:39,600 --> 00:21:42,760 Speaker 1: pulling out as is sort of detrimental to that relationship. 396 00:21:43,000 --> 00:21:44,800 Speaker 1: And Sardi Rabia, I mean that's a long term ally 397 00:21:44,800 --> 00:21:47,359 Speaker 1: of ours, even with the showy stuff. I think that 398 00:21:47,040 --> 00:21:49,560 Speaker 1: h that that Republican senators are probably on board with 399 00:21:49,560 --> 00:21:52,120 Speaker 1: protecting them with the oil issue. I well, yeah, and 400 00:21:52,119 --> 00:21:54,320 Speaker 1: and also just the role that Saudi plays in the 401 00:21:54,359 --> 00:21:57,320 Speaker 1: Middle East. I mean, look, I think you saw this 402 00:21:57,359 --> 00:22:00,160 Speaker 1: from Republicans. They were they were deeply frustrated, to put 403 00:22:00,160 --> 00:22:04,080 Speaker 1: it mildly with regards to mbs is handling of that. 404 00:22:04,160 --> 00:22:06,600 Speaker 1: But but but no one was suggesting, at least based 405 00:22:06,640 --> 00:22:09,240 Speaker 1: on my reporting, they were not suggesting to pull support 406 00:22:09,560 --> 00:22:13,040 Speaker 1: from Saudi uh as as a whole. Uh and Iran. 407 00:22:13,240 --> 00:22:16,399 Speaker 1: I mean there's there's it's bipartisan agreement that Iran should 408 00:22:16,440 --> 00:22:19,320 Speaker 1: not have a nuclear weapon. Alright, coming up, what's on 409 00:22:19,359 --> 00:22:21,600 Speaker 1: the panel's radar? Plus, you've got some new dirt. I'm 410 00:22:21,640 --> 00:22:25,840 Speaker 1: Rudy Giuliani. He's responded to Olivia Newsy's text message. Olivia, 411 00:22:25,920 --> 00:22:28,600 Speaker 1: where she's at the New Yorker? Right, She's at the 412 00:22:28,640 --> 00:22:31,040 Speaker 1: New Yorker. She just tweeted out of response because President 413 00:22:31,040 --> 00:22:33,919 Speaker 1: Trump just within the last hour said he doesn't know 414 00:22:33,960 --> 00:22:39,640 Speaker 1: if Rudy Giuliani is still his personal attorney. Happy Friday, folks. 415 00:22:39,680 --> 00:22:42,240 Speaker 1: Download the Bloomberg Sound On podcast on Apple, it tunes, 416 00:22:42,240 --> 00:22:44,840 Speaker 1: a Bloomberg dot Com, or by downloading the Bloomberg Business App. 417 00:22:45,040 --> 00:22:46,879 Speaker 1: You can also find us on Radio dot Com, I 418 00:22:46,960 --> 00:22:50,360 Speaker 1: Heart Radio, and Spotify. I'm Kevin Cirelli, Chief Washington correspondent 419 00:22:50,400 --> 00:22:58,560 Speaker 1: for Bloomberg Television, Bloomberg Radio. You're listening to Bloomberg. This 420 00:22:58,840 --> 00:23:04,040 Speaker 1: is Bloomberg's owned on with Kevin Surley on Bloomberg and 421 00:23:04,119 --> 00:23:06,359 Speaker 1: one oh five point seven f m h D two 422 00:23:07,280 --> 00:23:11,720 Speaker 1: and Kevin Sireli, chief Washington correspondent from Bloomberg Television of 423 00:23:11,760 --> 00:23:17,639 Speaker 1: Bloomberg Radio. Phase one, folks, Phase one of the US 424 00:23:17,920 --> 00:23:22,920 Speaker 1: China trade agreement has come to fruition. According to President 425 00:23:22,960 --> 00:23:26,920 Speaker 1: Trump first Group by Bloomberg's very own Jenny Leonard. The 426 00:23:27,000 --> 00:23:28,959 Speaker 1: Chinese are saying that they potentially are going to make 427 00:23:28,960 --> 00:23:31,880 Speaker 1: some concessions with agriculture. The US is saying that they 428 00:23:31,920 --> 00:23:35,240 Speaker 1: are potentially going to ease some of the tariffs. Good news, 429 00:23:35,240 --> 00:23:38,600 Speaker 1: good news. On Friday, stock markets loved it. Stock markets 430 00:23:38,600 --> 00:23:42,440 Speaker 1: traded much higher on that news. And President Trump could 431 00:23:42,440 --> 00:23:46,080 Speaker 1: come face to face and chili chili, not the weather, 432 00:23:46,160 --> 00:23:49,959 Speaker 1: the country Chili next month with President shi jing Ping, 433 00:23:50,680 --> 00:23:54,600 Speaker 1: maybe even signed some type of potential agreement. But who knows, Folks. 434 00:23:54,600 --> 00:23:56,760 Speaker 1: It's just the latest twist and turn in the ongoing 435 00:23:57,200 --> 00:24:02,800 Speaker 1: eighteen months saga that is the U S China trade talks. 436 00:24:03,200 --> 00:24:06,480 Speaker 1: With me here in studio, Eli Yoakley of The Morning 437 00:24:06,520 --> 00:24:10,359 Speaker 1: consult and Al Weaver Philadelphia is very own Al Weaver 438 00:24:10,800 --> 00:24:14,040 Speaker 1: of The Hill Newspaper. All right, Olivia Newsy of The 439 00:24:14,040 --> 00:24:19,320 Speaker 1: New Yorker just tweeted the I guess text exchange, the 440 00:24:19,320 --> 00:24:23,959 Speaker 1: text message that she sent to Rudy Giuliani. Now just 441 00:24:24,080 --> 00:24:28,359 Speaker 1: during the course of this broadcast. President Trump spoke at 442 00:24:28,400 --> 00:24:30,760 Speaker 1: the at the White House to reporters outside right outside 443 00:24:30,760 --> 00:24:32,439 Speaker 1: of the White House on Pebble Beach as they call it, 444 00:24:32,920 --> 00:24:37,639 Speaker 1: and uh, he said that he wasn't sure if Rudy 445 00:24:37,640 --> 00:24:39,840 Speaker 1: Giuliani was still his attorney. He said, I don't know. 446 00:24:40,119 --> 00:24:41,560 Speaker 1: I haven't talked with him in a while. I talked 447 00:24:41,600 --> 00:24:43,679 Speaker 1: with him yesterday, but I don't know. So, you know, 448 00:24:44,680 --> 00:24:46,600 Speaker 1: there's been a lot going on with Rudy. So Eli, 449 00:24:46,720 --> 00:24:49,520 Speaker 1: tell us you have the tweet. Tell us exactly the exchange, 450 00:24:49,520 --> 00:24:53,520 Speaker 1: because it involves Rudy Giuliani liking the I can't even 451 00:24:53,560 --> 00:24:55,280 Speaker 1: I'll let you do this. Go ahead. Well, I just 452 00:24:55,280 --> 00:24:58,800 Speaker 1: saw that Olivia asked, Juliana feels still Trump's lawyer, which 453 00:24:58,800 --> 00:25:01,760 Speaker 1: is a really interesting question somebody, and he said that 454 00:25:02,320 --> 00:25:04,520 Speaker 1: he said that, yes I am, and then she informed 455 00:25:04,600 --> 00:25:07,040 Speaker 1: him of what Trump had actually said, um, and his 456 00:25:07,080 --> 00:25:10,080 Speaker 1: response was to like her question. Um. He later said 457 00:25:10,080 --> 00:25:12,560 Speaker 1: that he spoke to him yesterday and said, I have 458 00:25:12,640 --> 00:25:14,880 Speaker 1: no reason to believe I'm not Trump's lawyer. But well, 459 00:25:14,880 --> 00:25:16,640 Speaker 1: the reasons I'm believe, he said in the last hour, 460 00:25:17,240 --> 00:25:20,960 Speaker 1: All right, oh boy, okay, so there's Trump. I just 461 00:25:20,960 --> 00:25:23,960 Speaker 1: hadn't mentioned that because it's the latest twist and turn, 462 00:25:24,000 --> 00:25:27,800 Speaker 1: and obviously with lawmakers coming back to UH, lawmakers coming 463 00:25:27,800 --> 00:25:30,600 Speaker 1: back to Capitol Hill next week, surely this is going 464 00:25:30,640 --> 00:25:33,480 Speaker 1: to be the latest in terms of the impeachment inquiry. 465 00:25:33,480 --> 00:25:34,720 Speaker 1: And by the way, in the break we were talking 466 00:25:34,720 --> 00:25:36,760 Speaker 1: about this, but neither of you have been to Cups 467 00:25:36,800 --> 00:25:39,720 Speaker 1: and the Senate yet. The redund Cups, I'm shocked. I've 468 00:25:39,720 --> 00:25:41,440 Speaker 1: been there like a million times. He did a great 469 00:25:41,480 --> 00:25:43,800 Speaker 1: job with it. And folks, just for the record, if 470 00:25:43,800 --> 00:25:45,280 Speaker 1: you're inside of the Beltway and you go and you 471 00:25:45,359 --> 00:25:47,440 Speaker 1: know what I'm talking about, Cups is in the basement. 472 00:25:47,480 --> 00:25:50,040 Speaker 1: It's the cafe and the basement of the Senate. Uh. 473 00:25:50,080 --> 00:25:53,040 Speaker 1: They don't use paper straws. That's all I'm gonna say. 474 00:25:53,440 --> 00:25:56,679 Speaker 1: Have a wall of cliff bars though. Well, I mean 475 00:25:56,720 --> 00:25:59,800 Speaker 1: they also have impeccable breakfast selection. What's on your radar? 476 00:26:00,080 --> 00:26:02,480 Speaker 1: What is on your radar? Eli looking forward to watching 477 00:26:02,520 --> 00:26:04,920 Speaker 1: a much of Washingtonians pretend to be Nats fans when 478 00:26:04,920 --> 00:26:10,520 Speaker 1: the Cardinals show up intil next week. I'm also I'm 479 00:26:10,520 --> 00:26:14,080 Speaker 1: just gonna own it. I'm also gonna watch the debate. 480 00:26:14,119 --> 00:26:16,919 Speaker 1: I mean, it's gonna be a big, big night candidates. Um, 481 00:26:17,080 --> 00:26:19,159 Speaker 1: I'm interested to see what Bernie Sanders looks like on 482 00:26:19,280 --> 00:26:21,760 Speaker 1: stage after being off the trail a little bit with 483 00:26:21,840 --> 00:26:25,399 Speaker 1: this heart heart attack. Um. He had this exchange earlier 484 00:26:25,400 --> 00:26:26,720 Speaker 1: in the week where he said he's going to change 485 00:26:26,720 --> 00:26:28,840 Speaker 1: the nature of his campaign and cut back on rallies, 486 00:26:28,840 --> 00:26:30,560 Speaker 1: and then he did an interview with NBC News and 487 00:26:30,560 --> 00:26:33,119 Speaker 1: said he misspoke. So we'll see what the future of 488 00:26:33,200 --> 00:26:35,400 Speaker 1: his campaign looks like. A lot of people aren't talking 489 00:26:35,400 --> 00:26:37,320 Speaker 1: about him right now, so this is probably a big 490 00:26:37,359 --> 00:26:40,360 Speaker 1: moment in his se well. Also, he's been facing criticism 491 00:26:40,400 --> 00:26:44,000 Speaker 1: for not disclosing. He denies this, but for not disclosing 492 00:26:44,840 --> 00:26:46,800 Speaker 1: when he had his heart attack. I actually think that's 493 00:26:46,840 --> 00:26:49,320 Speaker 1: gonna come up at the presidential debate. It's possible, um, 494 00:26:49,359 --> 00:26:51,640 Speaker 1: And that's I don't see how it doesn't. I mean, 495 00:26:51,920 --> 00:26:54,480 Speaker 1: I think his health will come up. But look, it's 496 00:26:54,480 --> 00:26:56,960 Speaker 1: hard to talk about Canada tell that's an awkward discussion. 497 00:26:57,280 --> 00:26:59,560 Speaker 1: Bernie Sanders said he'll put out his I don't think 498 00:26:59,560 --> 00:27:02,240 Speaker 1: it is. Well. I mean, it was an awkward discussion 499 00:27:02,320 --> 00:27:04,480 Speaker 1: during the Hillary Clinton thing, right, I mean whenever, and 500 00:27:04,520 --> 00:27:06,480 Speaker 1: it should have brought up if you're running for president 501 00:27:06,520 --> 00:27:08,959 Speaker 1: the voters deserve to know your health. Yeah, and Bernie 502 00:27:08,960 --> 00:27:11,639 Speaker 1: Sanders has said he'll put out his health records. Um, 503 00:27:11,680 --> 00:27:14,040 Speaker 1: I'm sure. I'm curious if they'll be like Trump's records 504 00:27:14,040 --> 00:27:16,760 Speaker 1: to say he has perfect health. Steaks are so high 505 00:27:16,760 --> 00:27:20,240 Speaker 1: for this debate. Uh, steaks are so incredibly high for 506 00:27:20,280 --> 00:27:22,800 Speaker 1: this debate, for Joe Biden, for Bernie Standers, and for 507 00:27:22,840 --> 00:27:26,680 Speaker 1: Elizabeth Warren. Did you see this? This went viral? Derek Walbank, Uh, 508 00:27:26,840 --> 00:27:29,040 Speaker 1: the Derek Wallbank. He's over in Singapore now, but he 509 00:27:29,080 --> 00:27:32,919 Speaker 1: filed a story about this viral moment. Bloomberg's Derek Walbank. Uh. 510 00:27:33,200 --> 00:27:35,960 Speaker 1: From the l G B t Q forum that CNN 511 00:27:35,960 --> 00:27:39,320 Speaker 1: hosted the other day with Elizabeth Warren, listened to this 512 00:27:39,400 --> 00:27:42,719 Speaker 1: exchange with Elizabeth Warren and a voter. Here it is, 513 00:27:43,840 --> 00:27:52,199 Speaker 1: and I'm gonna save them. Just marry one woman, assuming 514 00:27:52,280 --> 00:27:56,480 Speaker 1: you can find one. So I did the wrong leading. 515 00:27:56,560 --> 00:27:59,000 Speaker 1: But the question from the audience was, what will you 516 00:27:59,080 --> 00:28:01,399 Speaker 1: do if if a man asks you out on the 517 00:28:01,440 --> 00:28:06,040 Speaker 1: campaign trail that their religion teaches them that marriages between 518 00:28:06,080 --> 00:28:09,479 Speaker 1: one man and one woman. And she says, well, just 519 00:28:09,600 --> 00:28:12,399 Speaker 1: marry one one woman if you can find one. It 520 00:28:12,480 --> 00:28:14,920 Speaker 1: went viral. Uh. You know, good for her. I thought 521 00:28:14,920 --> 00:28:18,560 Speaker 1: that was a hilarious response coming from someone who's rising 522 00:28:18,880 --> 00:28:20,920 Speaker 1: in the polls. All right, so that's what's on your 523 00:28:21,320 --> 00:28:25,479 Speaker 1: radar anyone else in that debate? Buddha Jedge of Rourke, 524 00:28:26,480 --> 00:28:29,200 Speaker 1: Tom Slawyer, first time on stage, first time on the stage. True, 525 00:28:29,280 --> 00:28:33,960 Speaker 1: there's twelve candidates on stage. So what does Buddha Jedge 526 00:28:34,000 --> 00:28:38,600 Speaker 1: booker those? Uh you know, bet Oh, I mean this 527 00:28:38,680 --> 00:28:41,360 Speaker 1: is big for them, Yeah, I mean somebody could have 528 00:28:41,440 --> 00:28:45,080 Speaker 1: a breakout moment, it seemed. I mean, we haven't seen 529 00:28:45,080 --> 00:28:47,200 Speaker 1: one of the last couple of debates. Um, I think 530 00:28:47,200 --> 00:28:48,840 Speaker 1: the person to watch with me Tom Swayer, just because 531 00:28:48,840 --> 00:28:51,920 Speaker 1: we haven't seen him on stage yet. Um, he spent 532 00:28:51,960 --> 00:28:55,120 Speaker 1: a ton of money. Um in the early States. He's 533 00:28:55,240 --> 00:28:58,280 Speaker 1: risen to I think number four or five in early 534 00:28:58,320 --> 00:29:01,440 Speaker 1: State in our early state holding. And so that money 535 00:29:01,560 --> 00:29:05,080 Speaker 1: is working and it's got him on stage. We'll see 536 00:29:05,120 --> 00:29:06,800 Speaker 1: on Tuesday what it looks like. I think the other 537 00:29:06,840 --> 00:29:08,560 Speaker 1: thing we got to look for is you. We mentioned 538 00:29:08,560 --> 00:29:11,200 Speaker 1: her earlier bit earlier a little bit, beau Telsea Gabbard. 539 00:29:11,440 --> 00:29:13,520 Speaker 1: If she actually does show up to this thing, she 540 00:29:13,600 --> 00:29:15,600 Speaker 1: made waves in the last time she commits she impeted. 541 00:29:15,680 --> 00:29:18,280 Speaker 1: She really took her took it to Kamala Harris really 542 00:29:18,320 --> 00:29:20,800 Speaker 1: kind of helped torpedo her a little bit. She was, 543 00:29:20,920 --> 00:29:22,760 Speaker 1: you know, still on the rise of touch after that 544 00:29:22,800 --> 00:29:25,280 Speaker 1: first debate performance, and then she just kind of kind 545 00:29:25,280 --> 00:29:28,240 Speaker 1: of whether she was right or wrong, it was not 546 00:29:28,320 --> 00:29:30,600 Speaker 1: a great moment for her. Do we all agree? I mean, 547 00:29:30,640 --> 00:29:34,320 Speaker 1: I mean, this is opinion now, and I resent a 548 00:29:34,400 --> 00:29:37,920 Speaker 1: spousing opinion. I I don't know if it's smart just 549 00:29:38,160 --> 00:29:43,240 Speaker 1: politically to skip a debate. Probably not. It's probably especially 550 00:29:43,240 --> 00:29:45,760 Speaker 1: when so many people are running for president, right, everybody 551 00:29:45,760 --> 00:29:48,080 Speaker 1: has been trying to get in these debates for a reason. Yeah, 552 00:29:48,320 --> 00:29:50,280 Speaker 1: and everybody has been trying to get in these debates 553 00:29:50,320 --> 00:29:52,760 Speaker 1: for a reason, including Keelsea gaberd And and and I would say, oh, 554 00:29:52,840 --> 00:29:54,880 Speaker 1: you know, I'm not going to participate. That's kind of 555 00:29:54,880 --> 00:29:57,080 Speaker 1: a you know, slap in the face. One thing like 556 00:29:57,080 --> 00:29:59,160 Speaker 1: when Trump support to do it, and I think it 557 00:29:59,240 --> 00:30:01,200 Speaker 1: was during the LA cycle and then he showed up 558 00:30:01,200 --> 00:30:03,920 Speaker 1: at the he sat out one of the Republican debates, 559 00:30:03,960 --> 00:30:07,080 Speaker 1: but he was like the figure during the last Republican 560 00:30:07,080 --> 00:30:09,880 Speaker 1: cycle and he did ah, he appeared at an event 561 00:30:09,920 --> 00:30:12,760 Speaker 1: in Iowa with I remember this because I had food poisoning, 562 00:30:13,920 --> 00:30:16,400 Speaker 1: and yeah, who was it was? It was for veterans, 563 00:30:16,440 --> 00:30:18,400 Speaker 1: it was he said he was supporting. It was to 564 00:30:18,480 --> 00:30:20,000 Speaker 1: raise money for veterans. I think they said they were 565 00:30:20,080 --> 00:30:23,320 Speaker 1: raising ten million. But like Santorum and Mike Huckabee both 566 00:30:23,320 --> 00:30:26,520 Speaker 1: showed up at that event. It was wild. Experience works 567 00:30:26,520 --> 00:30:28,840 Speaker 1: for Trump, but it didn't work for for anyone else. Alright, 568 00:30:28,840 --> 00:30:30,960 Speaker 1: So the debate is on your radar. What's on your radar? 569 00:30:31,160 --> 00:30:32,680 Speaker 1: And it's not quite on my beats at all, but 570 00:30:32,720 --> 00:30:35,520 Speaker 1: it's definitely the radar. Is this NBA China story. It 571 00:30:35,680 --> 00:30:38,600 Speaker 1: is the most rollicking story I've seen in a long time. 572 00:30:39,440 --> 00:30:42,360 Speaker 1: To catch folks up to speed, Houston Rockets general manager 573 00:30:42,360 --> 00:30:45,480 Speaker 1: tweets out support for Hong Kong deletes the tweet. China 574 00:30:46,040 --> 00:30:49,120 Speaker 1: says that they're that they're going to threaten to cut 575 00:30:49,160 --> 00:30:51,480 Speaker 1: all ties with the NBA, which is a huge market. 576 00:30:51,840 --> 00:30:56,160 Speaker 1: Republicans start criticizing the NBA for caving two Democrats to 577 00:30:56,360 --> 00:31:01,360 Speaker 1: Democrats to what do you think the shows about? Really 578 00:31:01,400 --> 00:31:05,240 Speaker 1: the cloud of the two world's largest economies going head 579 00:31:05,280 --> 00:31:07,080 Speaker 1: to head. I mean this shows that it shows that 580 00:31:07,120 --> 00:31:09,800 Speaker 1: the NBA is really in a they're kind of between 581 00:31:09,800 --> 00:31:12,200 Speaker 1: a rock and a hard place at this point. I mean, 582 00:31:12,600 --> 00:31:14,680 Speaker 1: I mean there there have been multiple stories written this 583 00:31:14,720 --> 00:31:18,880 Speaker 1: week about the find the potential potential financial ramifications on 584 00:31:18,920 --> 00:31:21,720 Speaker 1: the NBA if China somehow pulls out even a little 585 00:31:21,720 --> 00:31:24,200 Speaker 1: bit of this. I mean, it's a billion dollar industry 586 00:31:24,200 --> 00:31:26,560 Speaker 1: out there, the U or that the NBA has with China, 587 00:31:26,960 --> 00:31:30,320 Speaker 1: and it could even have major ramifications on their salary cap. 588 00:31:30,320 --> 00:31:33,640 Speaker 1: I mean it could go down upwards a fifteen percent. Uh. 589 00:31:33,680 --> 00:31:36,880 Speaker 1: And with you or with with the NBA teams counting 590 00:31:36,920 --> 00:31:40,600 Speaker 1: dollars as far as uh. You know, the way players 591 00:31:40,600 --> 00:31:43,480 Speaker 1: signed contracts, it's percentage against the cap, so you know, 592 00:31:43,560 --> 00:31:45,400 Speaker 1: those were those figures may go down from money of 593 00:31:45,440 --> 00:31:50,200 Speaker 1: those players. Maybe Phase two will include of the after 594 00:31:50,240 --> 00:31:53,400 Speaker 1: thirteen more rounds of negotiations. Maybe that will include some 595 00:31:53,760 --> 00:31:56,800 Speaker 1: Houston Rockets. Caveat, but this is interesting. Next week Congress 596 00:31:56,840 --> 00:31:59,280 Speaker 1: comes back and the U S House is poised to 597 00:31:59,320 --> 00:32:03,760 Speaker 1: take up the rebills aimed at supporting pro democracy protesters 598 00:32:03,760 --> 00:32:07,440 Speaker 1: in Hong Kong when lawmakers return to work next week, UH, 599 00:32:07,520 --> 00:32:11,240 Speaker 1: potentially raising tensions with China and the Trump administrations on Beijing. 600 00:32:11,440 --> 00:32:14,760 Speaker 1: This according to Bloomberg Daniel Flatley, UH and and and 601 00:32:14,800 --> 00:32:18,480 Speaker 1: really just again, I mean, the Houston Rockets incident just 602 00:32:18,640 --> 00:32:23,600 Speaker 1: showed the non partisanship on this particular issue of Republicans 603 00:32:23,640 --> 00:32:27,880 Speaker 1: and Democrats alike supporting the pro democracy protesters in Hong Kong, 604 00:32:27,960 --> 00:32:31,960 Speaker 1: and and really also showing how China with regards to 605 00:32:32,120 --> 00:32:34,800 Speaker 1: this situation is going to continue to hold its own 606 00:32:35,320 --> 00:32:39,760 Speaker 1: and threatened to cut ties with the NBA. So that's 607 00:32:39,760 --> 00:32:41,760 Speaker 1: what's on your radar. Here's what's on my radar. Did 608 00:32:41,800 --> 00:32:43,960 Speaker 1: you guys follow this story with Ellen de Generes and 609 00:32:44,000 --> 00:32:47,280 Speaker 1: former President George W. Bush. I wanted to mention it yesterday, 610 00:32:47,320 --> 00:32:51,440 Speaker 1: but there was too much news. So Ellen Degenerous went 611 00:32:51,520 --> 00:32:53,920 Speaker 1: to a Dallas Cowboys Mistake number one, never go to 612 00:32:53,960 --> 00:33:01,240 Speaker 1: a Cowboys game. Uh, there's bring it to Coca. But 613 00:33:01,400 --> 00:33:04,760 Speaker 1: President George She went to uh a Dallas Cowboys Green 614 00:33:04,760 --> 00:33:09,040 Speaker 1: Bay Packers game last weekend and she was invited by uh, 615 00:33:09,600 --> 00:33:14,000 Speaker 1: former President George W. Bush. And she got criticized so 616 00:33:14,360 --> 00:33:18,680 Speaker 1: incredibly much online. I mean just the barrage, the barrage 617 00:33:18,760 --> 00:33:21,440 Speaker 1: of of tweets. Uh. And she attended this game with 618 00:33:21,480 --> 00:33:24,880 Speaker 1: her wife, Porsche de Rossi, and she uh, she wasn't 619 00:33:24,920 --> 00:33:26,680 Speaker 1: invited by Bush. She was just sitting next to him. 620 00:33:26,800 --> 00:33:30,600 Speaker 1: Christine clarifying that for us, but she got criticized for it, 621 00:33:30,840 --> 00:33:33,200 Speaker 1: and she spoke about that criticism on her show. Here 622 00:33:33,400 --> 00:33:36,400 Speaker 1: is Ellen Degenders speaking about that. Here she is. And 623 00:33:36,560 --> 00:33:38,800 Speaker 1: I think I'm friends with George Bush. In fact, I'm 624 00:33:38,840 --> 00:33:40,480 Speaker 1: friends with a lot of people who don't share the 625 00:33:40,520 --> 00:33:42,920 Speaker 1: same beliefs that I have. We're all different, and I 626 00:33:42,960 --> 00:33:45,320 Speaker 1: think that we've forgotten that that's okay that we're all different. 627 00:33:45,880 --> 00:33:48,080 Speaker 1: It is okay that we are all different. And good 628 00:33:48,080 --> 00:33:51,080 Speaker 1: for Ellen de generous, and good for former President George W. Bush. 629 00:33:51,080 --> 00:33:52,880 Speaker 1: And on that note, I want to thank you for 630 00:33:52,960 --> 00:33:55,440 Speaker 1: listening today. I also want to thank our guests this week. 631 00:33:55,680 --> 00:33:59,280 Speaker 1: I'm Kevin CURRELLI Chief Washington correspondent from Bloomberg Television and 632 00:33:59,320 --> 00:34:02,720 Speaker 1: Bloomberg Rate. You know, I wish you a very well weekend. 633 00:34:02,800 --> 00:34:08,520 Speaker 1: Thanks for listening to Bloomberg nine nine one h