1 00:00:00,520 --> 00:00:04,280 Speaker 1: Now I'm Bloomberg with about the government. What are the 2 00:00:04,280 --> 00:00:07,520 Speaker 1: political reality The President has been increasingly frustrated. I want 3 00:00:07,520 --> 00:00:09,480 Speaker 1: to try to cut through the noise politically. This is 4 00:00:09,520 --> 00:00:15,200 Speaker 1: devastating sound off with Ken Insiders, the influencers, the insiders. 5 00:00:15,400 --> 00:00:17,440 Speaker 1: It is no secret that I care a lot about 6 00:00:17,440 --> 00:00:20,960 Speaker 1: the consumers. There are real questions about big tech. We 7 00:00:21,079 --> 00:00:23,439 Speaker 1: still have more leverage to me as rickets tariffs. I 8 00:00:23,480 --> 00:00:25,240 Speaker 1: think we could do with a little less drama from 9 00:00:25,239 --> 00:00:28,800 Speaker 1: the White House. This is sound On with Kevin Currelate 10 00:00:29,200 --> 00:00:32,600 Speaker 1: on Bloomberg one and one oh five point seven a 11 00:00:32,800 --> 00:00:36,600 Speaker 1: m h D two Boltemore, Good evening, Happy Friday Eve. 12 00:00:36,960 --> 00:00:40,000 Speaker 1: We are almost there and tonight we are awaiting the 13 00:00:40,159 --> 00:00:45,200 Speaker 1: sentencing for Paul Maniford, who currently is awaiting his sentence 14 00:00:45,880 --> 00:00:50,720 Speaker 1: for more information UH in Alexandria Courthouse. We will bring 15 00:00:50,760 --> 00:00:54,080 Speaker 1: that news to you as it happens, if it happens 16 00:00:54,160 --> 00:00:58,000 Speaker 1: during the next hour. Big day for Paul Manifford. Also 17 00:00:58,120 --> 00:01:02,760 Speaker 1: a big day up on Capital Hill, bevy of hearings, 18 00:01:02,800 --> 00:01:08,440 Speaker 1: including Equifax and Marriott's CEOs testifying in the Senate about 19 00:01:08,680 --> 00:01:12,000 Speaker 1: data breaches. Will have the latest report on that, plus 20 00:01:12,440 --> 00:01:18,679 Speaker 1: the ongoing scandal involving Congresswoman Ellen Omar, the Democratic freshman 21 00:01:18,760 --> 00:01:23,600 Speaker 1: from Minnesota, regarding her anti Semitic tweets. Plus, we've got 22 00:01:23,640 --> 00:01:27,600 Speaker 1: an all star panel joining us for the hour. Colin 23 00:01:27,640 --> 00:01:31,840 Speaker 1: Reid is a Republican strategist and managing director at Definer's 24 00:01:32,000 --> 00:01:36,600 Speaker 1: Public Affairs, and Adam Green is co founder of the 25 00:01:36,680 --> 00:01:40,120 Speaker 1: Progressive Change Campaign Committee. He's going to give us his 26 00:01:40,280 --> 00:01:45,640 Speaker 1: take on the crowded democratic field. It is really a 27 00:01:45,640 --> 00:01:49,480 Speaker 1: remarkable day today because we are awaiting that sentencing from 28 00:01:49,520 --> 00:01:55,080 Speaker 1: Paul Manifford, President Trump's former campaign chairman. He's getting sentenced, 29 00:01:55,080 --> 00:01:58,320 Speaker 1: could be sentenced to more than twenty years, folks, for 30 00:01:58,440 --> 00:02:02,600 Speaker 1: his crimes that he that he has committed. Uh, what's 31 00:02:02,600 --> 00:02:06,000 Speaker 1: really interesting is number one, how much is he going 32 00:02:06,040 --> 00:02:08,680 Speaker 1: to get? But just the news flow surrounding all of 33 00:02:08,720 --> 00:02:11,520 Speaker 1: these investigations and putting all of these different pieces of 34 00:02:11,520 --> 00:02:15,200 Speaker 1: the puzzle together. Obviously, this is all going to keep 35 00:02:15,240 --> 00:02:20,640 Speaker 1: going until we get the Mueller investigation, and whether or 36 00:02:20,639 --> 00:02:24,280 Speaker 1: not that's made public, we still don't know. Meanwhile, Michael 37 00:02:24,320 --> 00:02:27,240 Speaker 1: Cohen was back up on Capitol Hill this week. We 38 00:02:27,240 --> 00:02:31,359 Speaker 1: were covering that all week as well, following his captivating 39 00:02:31,400 --> 00:02:35,960 Speaker 1: testimony riven ing public spectacle display last week when he 40 00:02:36,040 --> 00:02:40,560 Speaker 1: testified publicly. So it is judgment day for Paul Manaford. 41 00:02:41,040 --> 00:02:45,959 Speaker 1: And meanwhile, everybody wants to know if President Trump would 42 00:02:46,080 --> 00:02:49,720 Speaker 1: pardon Paul Manaford, because you know, he hasn't said one 43 00:02:49,720 --> 00:02:52,920 Speaker 1: way or the other definitively whether or not he would 44 00:02:52,960 --> 00:02:56,920 Speaker 1: do that. That's that's one of the questions circulating today. Uh. 45 00:02:57,080 --> 00:03:01,800 Speaker 1: And Michael Cohen was actually asked about this and he 46 00:03:01,919 --> 00:03:08,680 Speaker 1: discussed a possible pardon with President Trump's legal team. Here's what, uh, 47 00:03:08,720 --> 00:03:13,440 Speaker 1: Michael Cohen told ABC News. Uh, let's play for him 48 00:03:13,440 --> 00:03:16,200 Speaker 1: in terms of whether or not President Trump asked brother 49 00:03:16,240 --> 00:03:19,200 Speaker 1: Michael Cohen asked President Trump rather for a pardon. Here's 50 00:03:19,200 --> 00:03:22,320 Speaker 1: Michael Cohen, and I have never asked for it, nor 51 00:03:22,360 --> 00:03:26,919 Speaker 1: would I accept a pardon from President Trump. So that's 52 00:03:26,960 --> 00:03:30,440 Speaker 1: Michael Cohen. Of course, he's one of those convicted for 53 00:03:30,760 --> 00:03:34,520 Speaker 1: lying under oath. Uh. He is now finding himself once 54 00:03:34,560 --> 00:03:36,760 Speaker 1: again in the middle of everything. Paul manaforts about to 55 00:03:36,760 --> 00:03:39,720 Speaker 1: gainst sentence any minute now. Adam Green is co founder 56 00:03:39,720 --> 00:03:43,240 Speaker 1: of the Progressive Change Campaign Committee. He's sitting here in 57 00:03:43,400 --> 00:03:48,720 Speaker 1: studio with a war hashtag warren wing pin on his Lapel, 58 00:03:49,320 --> 00:03:51,040 Speaker 1: thank you very much, outa for coming in. It's a 59 00:03:51,120 --> 00:03:56,640 Speaker 1: it's pleasure. He So, President Trump, should he pardon Paul Manaford? 60 00:03:57,480 --> 00:04:01,120 Speaker 1: Would that? How would that? How would that go over? Well? Right, 61 00:04:01,280 --> 00:04:07,720 Speaker 1: just kidding, um, I appreciate softball questions. Obviously, No, it 62 00:04:07,760 --> 00:04:10,880 Speaker 1: would work on a couple levels to his detriment. One, 63 00:04:11,280 --> 00:04:15,040 Speaker 1: it would probably spark impeachment talk you know, times twenty 64 00:04:15,400 --> 00:04:18,240 Speaker 1: and to the southern District of New York um or 65 00:04:18,240 --> 00:04:20,560 Speaker 1: even state actually the state of New York. Other state 66 00:04:20,560 --> 00:04:23,320 Speaker 1: authorities could just rearrest and retry Paul Manafort, so it 67 00:04:23,320 --> 00:04:25,760 Speaker 1: probably wouldn't keep him at jail, would have him talking 68 00:04:25,800 --> 00:04:28,440 Speaker 1: more in the courtroom about Trump and possibly get Trump 69 00:04:28,480 --> 00:04:31,520 Speaker 1: booted from office. So Collin Red Republican strategists, I mean 70 00:04:31,880 --> 00:04:33,880 Speaker 1: Trump in here. Do you think the president it would 71 00:04:33,880 --> 00:04:37,159 Speaker 1: be smart for him to pardon someone like Paul Manafort? Politically? 72 00:04:37,200 --> 00:04:39,839 Speaker 1: Probably not. And I think we're gonna see what happens 73 00:04:39,839 --> 00:04:41,719 Speaker 1: in a few minutes, probably during the course of this 74 00:04:41,760 --> 00:04:46,240 Speaker 1: hour about Paul Manafort's sentencing. But look, Paul Manafort was 75 00:04:46,320 --> 00:04:50,000 Speaker 1: not someone who was allowed at the table of Republican 76 00:04:50,080 --> 00:04:53,359 Speaker 1: politics for decades, and there's a reason why because of 77 00:04:53,360 --> 00:04:55,840 Speaker 1: stuff like this, and then Donald Trump came along in 78 00:04:56,040 --> 00:04:58,040 Speaker 1: two thousand and fifteen and two thousand and sixteen, and 79 00:04:58,400 --> 00:04:59,760 Speaker 1: a lot of people didn't want to work for him, 80 00:04:59,760 --> 00:05:02,800 Speaker 1: and he he has people like him who were attracted 81 00:05:02,800 --> 00:05:05,680 Speaker 1: to his campaign. Now we're seeing the results. But to me, 82 00:05:05,720 --> 00:05:08,280 Speaker 1: all of this is uh, a lot of this noise. 83 00:05:08,400 --> 00:05:10,760 Speaker 1: I think we'll get some answers when the mail report 84 00:05:10,800 --> 00:05:14,880 Speaker 1: comes out. We don't know when. Um I think there there. 85 00:05:14,920 --> 00:05:17,719 Speaker 1: It should become public to the degree I can, because 86 00:05:17,760 --> 00:05:21,000 Speaker 1: sunlight is the best disinfectant, and having a full understanding 87 00:05:21,040 --> 00:05:22,919 Speaker 1: of what happened in the two thousand and sixteen campaign 88 00:05:22,920 --> 00:05:25,600 Speaker 1: will allow Congress and the American people to move on. 89 00:05:25,760 --> 00:05:28,680 Speaker 1: Colin Read is a Republican strategist. Adam Green is a 90 00:05:28,760 --> 00:05:32,600 Speaker 1: Democratic strategist as well as co founder of the Progressive 91 00:05:32,680 --> 00:05:37,360 Speaker 1: Change Campaign Committee. Paul Maniford awaiting sentencing as we are 92 00:05:37,440 --> 00:05:40,760 Speaker 1: expecting that this began at about three thirty this afternoon. 93 00:05:40,760 --> 00:05:44,560 Speaker 1: He's over and in Alexandria court House. Remember, folks, he 94 00:05:44,640 --> 00:05:47,719 Speaker 1: was prosecuted in two federal courts, but it was in 95 00:05:47,720 --> 00:05:52,360 Speaker 1: the Eastern District of Virginia, i e. Alexandria. Last August 96 00:05:52,360 --> 00:05:56,520 Speaker 1: when he was convicted on eight charges of tax and 97 00:05:56,720 --> 00:06:01,240 Speaker 1: bank fraud. Now he could face as much as seventy 98 00:06:02,400 --> 00:06:06,240 Speaker 1: I'm sorry, twenty six years, facing twenty six years in 99 00:06:06,320 --> 00:06:09,839 Speaker 1: jail time. He is sixty nine years old. We're talking 100 00:06:09,839 --> 00:06:14,520 Speaker 1: about presidential pardons because President Trump has really not definitively 101 00:06:14,640 --> 00:06:17,080 Speaker 1: said one way or the other whether or not he 102 00:06:17,120 --> 00:06:20,680 Speaker 1: would pardon someone like Paul Manafort. But he has spoken 103 00:06:20,880 --> 00:06:24,719 Speaker 1: somewhat sympathetically of him. Not so for Michael Cohen, his 104 00:06:24,800 --> 00:06:30,159 Speaker 1: longtime personal fixer and the political operative. And Cohen is saying, 105 00:06:30,320 --> 00:06:33,680 Speaker 1: according to a story earlier this week on the Bloomberg 106 00:06:33,760 --> 00:06:38,200 Speaker 1: Terminal by my colleagues Shahei and Nasser Poor and Shannon petnypiece, 107 00:06:38,560 --> 00:06:41,880 Speaker 1: that he had expressed interest in a pardon from the 108 00:06:41,920 --> 00:06:47,520 Speaker 1: President in the months after federal investigators rated Michael Cohen's 109 00:06:47,600 --> 00:06:51,680 Speaker 1: home and office last April. So, talk about a remarkable 110 00:06:52,320 --> 00:06:56,960 Speaker 1: flint adam from from wanting to pursue a presidential pardon 111 00:06:57,000 --> 00:06:58,599 Speaker 1: and then all of a sudden now just going to 112 00:06:58,680 --> 00:07:02,400 Speaker 1: complete political war against this White House. Why does Michael 113 00:07:02,440 --> 00:07:06,960 Speaker 1: Cohen matter in your perspective? Well, on a couple levels. 114 00:07:06,960 --> 00:07:09,520 Speaker 1: I mean, for those who are following the fortunes of NBC. 115 00:07:09,600 --> 00:07:12,360 Speaker 1: He's great for Saturday Night Live. Um, that's probably the 116 00:07:12,360 --> 00:07:16,200 Speaker 1: biggest vue. No, but he he is, he is the 117 00:07:16,240 --> 00:07:19,800 Speaker 1: gateway to everything Trump. He has the insider information. He 118 00:07:19,840 --> 00:07:22,320 Speaker 1: was trusted for a decade with all the inner secrets. 119 00:07:22,360 --> 00:07:25,080 Speaker 1: He knows every back room deal that we are not 120 00:07:25,200 --> 00:07:28,440 Speaker 1: even aware of yet that was sleazy and corrupt and illegal. 121 00:07:28,880 --> 00:07:31,160 Speaker 1: So that's why, that's why he matters. And you know, 122 00:07:31,320 --> 00:07:34,800 Speaker 1: his credibility is being impeached by Republicans. But their main 123 00:07:34,840 --> 00:07:37,600 Speaker 1: problem is that he lied by saying Trump was a 124 00:07:37,600 --> 00:07:39,960 Speaker 1: good person who didn't break the law. That's that's a 125 00:07:39,960 --> 00:07:42,960 Speaker 1: little bit of a structural flaw in their argument. And 126 00:07:43,120 --> 00:07:45,280 Speaker 1: my my guess is that Michael Cohen will accidentally become 127 00:07:45,280 --> 00:07:48,280 Speaker 1: a very historic figure, possibly responsible for Donald Trump being 128 00:07:48,360 --> 00:07:52,000 Speaker 1: a half term president because actually the unpublished book is 129 00:07:52,040 --> 00:07:54,320 Speaker 1: I think the manuscript everybody wants to read. But now 130 00:07:54,360 --> 00:07:57,320 Speaker 1: he's saying he didn't have it. But President Trump tweeting 131 00:07:57,360 --> 00:08:00,160 Speaker 1: about that almost toying with him in that sense. I 132 00:08:00,200 --> 00:08:03,880 Speaker 1: want to play for you what Senator Tim Tim McCain said, 133 00:08:03,920 --> 00:08:07,280 Speaker 1: he's a Democrat from Virginia talking about presidential pardons and 134 00:08:07,320 --> 00:08:09,840 Speaker 1: whether or not that's a smart idea here, Senator Kane. 135 00:08:10,160 --> 00:08:13,760 Speaker 1: If you start to see this president use pardon power 136 00:08:13,920 --> 00:08:17,440 Speaker 1: for people who are connected with this investigation, I think 137 00:08:17,440 --> 00:08:21,360 Speaker 1: you'll see Congress or up. That was Senator Tim Caine. 138 00:08:21,360 --> 00:08:24,880 Speaker 1: We're talking presidential pardons with Adam Green, co founder of 139 00:08:24,920 --> 00:08:28,000 Speaker 1: the Progressive Change Campaign Committee, also probably one of the 140 00:08:28,040 --> 00:08:32,080 Speaker 1: most plugged in people to the Warren wing of the 141 00:08:32,120 --> 00:08:36,360 Speaker 1: Democratic Party. Will get his take on the field, as 142 00:08:36,400 --> 00:08:38,839 Speaker 1: well as Sochi in Ahosa. She's gonna call in. She's 143 00:08:38,880 --> 00:08:44,640 Speaker 1: communications director for the Democratic National Committee. Colin Reid, Republican 144 00:08:44,760 --> 00:08:49,800 Speaker 1: strategist and managing director at Definer's Public Affair. He Uh 145 00:08:49,840 --> 00:08:53,080 Speaker 1: He was the campaign manager for Scott Brown. So Adam, 146 00:08:53,320 --> 00:08:57,000 Speaker 1: Adam and Uh, Adam and Collin together in studio for 147 00:08:57,080 --> 00:09:00,760 Speaker 1: the hour coming up, we dive into policy, big policy 148 00:09:00,840 --> 00:09:04,480 Speaker 1: on data breach front as well as Tim Apple or 149 00:09:04,520 --> 00:09:06,560 Speaker 1: Tim Cook. Did you guys follow this? I'll catch you 150 00:09:06,640 --> 00:09:09,320 Speaker 1: up to speed on that. Remember, you can download the 151 00:09:09,520 --> 00:09:13,960 Speaker 1: sound on podcast on Apple iTunes. You can also get 152 00:09:13,960 --> 00:09:17,360 Speaker 1: it at Bloomberg dot com or by downloading the Bloomberg 153 00:09:17,520 --> 00:09:21,080 Speaker 1: Business app. You can also find us on radio dot 154 00:09:21,080 --> 00:09:24,640 Speaker 1: com and I Heart Radio. I'm Kevin CURRELLI, you're listening 155 00:09:24,679 --> 00:09:31,880 Speaker 1: to Bloomberg. You're listening to sound On with Kevin's he 156 00:09:32,000 --> 00:09:35,959 Speaker 1: really on Bloomberg one and one oh five point seven 157 00:09:36,200 --> 00:09:39,400 Speaker 1: m h D two, Baltimore. We are on high alert 158 00:09:39,520 --> 00:09:42,960 Speaker 1: today on sound On for Paul Manaford, who was awaiting 159 00:09:43,080 --> 00:09:46,520 Speaker 1: sentencing in an Alexandria courthouse. We will bring you that 160 00:09:46,640 --> 00:09:51,160 Speaker 1: news live as it happens. He was convicted on eight counts, 161 00:09:51,280 --> 00:09:56,760 Speaker 1: remember eight counts in connection with tax fraud and uh 162 00:09:56,960 --> 00:10:00,079 Speaker 1: really just poor financial dealings. He could get up a 163 00:10:00,360 --> 00:10:04,520 Speaker 1: twenty six years in prison. He's sixty nine years old, 164 00:10:04,559 --> 00:10:08,360 Speaker 1: so that would likely be a life sentence. We're also 165 00:10:08,440 --> 00:10:11,520 Speaker 1: monitoring all of the policy wonk news of the day, 166 00:10:11,559 --> 00:10:13,400 Speaker 1: and there was a lot of it, folks. The ceo 167 00:10:13,600 --> 00:10:19,000 Speaker 1: s of Marriott and Equifax were testifying before a Senate 168 00:10:19,080 --> 00:10:24,120 Speaker 1: subcommittee on Capitol Hill earlier today. I actually spoke with 169 00:10:24,160 --> 00:10:27,640 Speaker 1: one of the leading Democrats on who who on this 170 00:10:27,720 --> 00:10:32,200 Speaker 1: subcommittee who released a report on Thursday on Equifax's breach, 171 00:10:32,679 --> 00:10:37,920 Speaker 1: uh and and really examining just the complete breakdown of 172 00:10:38,040 --> 00:10:42,520 Speaker 1: senior executives when the personal data breach a hundred and 173 00:10:42,559 --> 00:10:46,320 Speaker 1: forty three million people, hundred and forty three million people 174 00:10:46,760 --> 00:10:51,520 Speaker 1: had their data breached when this occurred a few years 175 00:10:51,520 --> 00:10:54,640 Speaker 1: back in out of Green as co founder of the 176 00:10:54,679 --> 00:10:58,920 Speaker 1: Progressive Change Campaign Committee, very closely aligned with Senator Elizabeth 177 00:10:58,920 --> 00:11:04,280 Speaker 1: Warren UH presidential candidate Democrat from Massachusetts, call of Reid, 178 00:11:04,320 --> 00:11:08,240 Speaker 1: Republican strategist and managing director at Definer's Public Affair. He 179 00:11:08,280 --> 00:11:11,679 Speaker 1: was also the campaign manager on Scott Brown. Remember Scott Brown. 180 00:11:11,720 --> 00:11:16,120 Speaker 1: He he ran against UH Senator Warren back in Massachusetts, 181 00:11:16,120 --> 00:11:19,199 Speaker 1: and that was centat Ward's first political campaign. No, Adam, 182 00:11:19,320 --> 00:11:21,320 Speaker 1: that was that was her first because she was plucked 183 00:11:21,360 --> 00:11:27,559 Speaker 1: from Harvard Harvard classrooms. Elizabeth Warren was plucked from Oklahoma 184 00:11:27,600 --> 00:11:30,280 Speaker 1: where she grew up in a very poor family, on 185 00:11:30,320 --> 00:11:33,040 Speaker 1: the ragged edge of the middle class. And then she eventually, 186 00:11:33,320 --> 00:11:35,840 Speaker 1: after a lot of hard work, taught at Rutgers University 187 00:11:35,880 --> 00:11:38,679 Speaker 1: of my home stately, actually went up. Yeah. She went 188 00:11:38,679 --> 00:11:41,440 Speaker 1: to Rutgers, was a teacher for many years, and eventually 189 00:11:41,440 --> 00:11:43,720 Speaker 1: wound up at Harvard. We're gonna get more into Warren 190 00:11:43,760 --> 00:11:45,920 Speaker 1: world coming up, because we have a lot to catch 191 00:11:46,040 --> 00:11:49,640 Speaker 1: up on. But but this Equifax, she's been huge on Equifax. 192 00:11:49,679 --> 00:11:51,679 Speaker 1: She's been wanted that I would argue that the leading 193 00:11:51,679 --> 00:11:56,320 Speaker 1: Democratic voice on this Equifax issue, hammering them for for 194 00:11:56,400 --> 00:11:58,959 Speaker 1: their data breach. A lot of folks associate Senator Warren 195 00:11:58,960 --> 00:12:03,480 Speaker 1: with with criticizing large financial institutions, but Equifax and data 196 00:12:03,520 --> 00:12:07,320 Speaker 1: breached cybersecurity, She's really emerged, I would argue, as the 197 00:12:07,600 --> 00:12:11,640 Speaker 1: leading voice on the left on the Equifax issue. Yeah, 198 00:12:11,679 --> 00:12:14,360 Speaker 1: and this is definitely an issue that unites Republicans, Democrats, 199 00:12:14,360 --> 00:12:17,400 Speaker 1: and independence right. Millions of people's social Security numbers and 200 00:12:17,440 --> 00:12:19,840 Speaker 1: other data were just put out there in the public 201 00:12:19,920 --> 00:12:23,480 Speaker 1: because of corporate irresponsibility. Elizabeth Warren is actually I was 202 00:12:23,520 --> 00:12:26,640 Speaker 1: at her first Iowa campaign event in January and she 203 00:12:26,960 --> 00:12:29,800 Speaker 1: made history as being the first presidential candidate ever to 204 00:12:29,880 --> 00:12:33,480 Speaker 1: actively name Equifax in the campaign event. And yeah, and 205 00:12:33,520 --> 00:12:35,840 Speaker 1: you know, Iowa voters were not happy about Equifax. I 206 00:12:35,840 --> 00:12:39,640 Speaker 1: will say her protege now, Congresswoman Katie Porter also who 207 00:12:39,640 --> 00:12:41,599 Speaker 1: has been hammering away in the House, and had that 208 00:12:41,800 --> 00:12:44,680 Speaker 1: the CEO of Equifax this past week, uh in front 209 00:12:44,679 --> 00:12:46,560 Speaker 1: of them, and she said, sir, would you please tell 210 00:12:46,600 --> 00:12:49,280 Speaker 1: everybody your birthday and your Social Security number? And he's 211 00:12:49,320 --> 00:12:52,160 Speaker 1: like no, And she was like, well why is that 212 00:12:52,200 --> 00:12:53,880 Speaker 1: And he's like, well, that would cause cause harm to me, 213 00:12:54,120 --> 00:12:56,439 Speaker 1: and she's She's like, well, why are your lawyers are 214 00:12:56,480 --> 00:12:59,040 Speaker 1: you arguing in court that it will not cause harm 215 00:12:59,080 --> 00:13:00,760 Speaker 1: to millions of Americans? And he don't have a naturer 216 00:13:00,840 --> 00:13:02,800 Speaker 1: for that. It's it is quite remarkable, and I do 217 00:13:02,840 --> 00:13:05,760 Speaker 1: want to say I interviewed Senator Tom Carper today, a 218 00:13:05,840 --> 00:13:08,400 Speaker 1: Centrist Democrat from Delaware. He's one of the he's the 219 00:13:08,400 --> 00:13:11,120 Speaker 1: top Democrat on the subcommittee that that have this hearing today, 220 00:13:11,160 --> 00:13:14,080 Speaker 1: and he did say that while more work has to 221 00:13:14,120 --> 00:13:16,800 Speaker 1: be done at Equifax and at Marriott, that the new 222 00:13:16,880 --> 00:13:20,000 Speaker 1: leadership that has been brought in it Equifax has been 223 00:13:20,240 --> 00:13:24,600 Speaker 1: moving in the right direction. Colin, you advise businesses, you 224 00:13:24,640 --> 00:13:26,800 Speaker 1: work in the work with the private sector to help 225 00:13:26,920 --> 00:13:31,000 Speaker 1: navigate some of these headline risk type of situations. And 226 00:13:31,120 --> 00:13:34,720 Speaker 1: and I asked Senator Carper that, particularly from a policy standpoint, 227 00:13:35,120 --> 00:13:38,720 Speaker 1: how do these companies who are getting hacked, just like 228 00:13:38,800 --> 00:13:42,440 Speaker 1: the government is getting hacked, how do they navigate sort 229 00:13:42,440 --> 00:13:45,280 Speaker 1: of these political tail winds and headline risk because if 230 00:13:45,480 --> 00:13:47,679 Speaker 1: it comes out that you got hacked, we see this 231 00:13:47,720 --> 00:13:51,000 Speaker 1: in stack prices, the volatility. And Senator Carper said, well, 232 00:13:51,320 --> 00:13:53,720 Speaker 1: there has to be a good meeting of the minds 233 00:13:53,720 --> 00:13:56,880 Speaker 1: between the private sector as well as the government, so 234 00:13:56,960 --> 00:13:59,400 Speaker 1: that they don't feel that when they do get hacked 235 00:13:59,440 --> 00:14:02,199 Speaker 1: or they do have a cyber breach that they're gonna get, 236 00:14:02,240 --> 00:14:05,800 Speaker 1: you know, massive plummet in their and their shareholder value. 237 00:14:06,160 --> 00:14:09,080 Speaker 1: An interesting phenomenon these days, especially with so many senators 238 00:14:09,160 --> 00:14:11,400 Speaker 1: running for president, is it is no longer just a 239 00:14:11,440 --> 00:14:14,720 Speaker 1: policy issue that becomes a political issue, particularly with these 240 00:14:14,800 --> 00:14:17,560 Speaker 1: hearings and these subcommittees, and people can use them as 241 00:14:17,559 --> 00:14:20,520 Speaker 1: good sound bites on the trail, and each candidate will 242 00:14:20,560 --> 00:14:22,560 Speaker 1: want to outflank one another. And in this era of 243 00:14:22,800 --> 00:14:26,640 Speaker 1: pitchfork populism, can be tough to be these companies, particularly 244 00:14:26,640 --> 00:14:29,480 Speaker 1: when you have policy challenges like that. So there's the 245 00:14:29,520 --> 00:14:32,400 Speaker 1: old saying that good policy equals good politics, and the 246 00:14:32,520 --> 00:14:35,080 Speaker 1: reverse of that is bad policy equals bad We're sticking 247 00:14:35,080 --> 00:14:37,120 Speaker 1: with tech. We're gonna stick with tech because did you 248 00:14:37,120 --> 00:14:41,120 Speaker 1: guys see this? Elam Musk's secret clearance is said to 249 00:14:41,200 --> 00:14:45,240 Speaker 1: get Pentagon review over his marijuana youth. You can't make 250 00:14:45,280 --> 00:14:49,920 Speaker 1: this up. Bloomberg News exclusive by my colleague Tony Cappaccio. 251 00:14:50,360 --> 00:14:53,360 Speaker 1: Tony Cappaccio, my gosh, I can't read Tony Cappaccio is 252 00:14:53,360 --> 00:14:56,240 Speaker 1: Bloomberg stoop. You gotta hear this Elam Musk. Remember he 253 00:14:56,280 --> 00:14:58,760 Speaker 1: went on that radio show, not sound on folks. He 254 00:14:58,840 --> 00:15:01,640 Speaker 1: was not on sound on smoking marijuana, but he went 255 00:15:01,640 --> 00:15:04,360 Speaker 1: on a radio show he was smoking marijuana. And now 256 00:15:04,400 --> 00:15:09,680 Speaker 1: the Pentagon is reviewing Elon Musk's federal security clearance following 257 00:15:09,880 --> 00:15:15,960 Speaker 1: the billionaires marijuana usage on a California Comedia's podcast podcast 258 00:15:16,080 --> 00:15:20,880 Speaker 1: not podcast podcast in September. This is remarkable. He's obviously, 259 00:15:21,040 --> 00:15:25,320 Speaker 1: you know, formerly with SpaceX H and he's the founder 260 00:15:25,440 --> 00:15:30,440 Speaker 1: of SpaceX. But really remarkable to see Elon Musk, arguably 261 00:15:30,480 --> 00:15:35,880 Speaker 1: one of the most recognizable now American business entrepreneurs, to 262 00:15:35,920 --> 00:15:38,720 Speaker 1: really be whacked by this. There may be three thousand 263 00:15:38,760 --> 00:15:42,400 Speaker 1: miles between here in California, but the divide is getting 264 00:15:42,480 --> 00:15:44,960 Speaker 1: much closer. And these companies and these individuals who have 265 00:15:45,040 --> 00:15:49,320 Speaker 1: these extremely successful ideas and innovations and companies in California 266 00:15:49,360 --> 00:15:52,600 Speaker 1: are quickly realizing that the regulations and the rules uh 267 00:15:52,640 --> 00:15:54,720 Speaker 1: that applied to others are applied to them too, and 268 00:15:55,000 --> 00:15:58,760 Speaker 1: that chasm is closing. And it's an interesting dynamic to watch, 269 00:15:58,760 --> 00:16:02,440 Speaker 1: particularly as is um you know the again back to 270 00:16:02,480 --> 00:16:05,240 Speaker 1: the populism out there. Uh, these these these companies and 271 00:16:05,240 --> 00:16:07,640 Speaker 1: executives find themselves under the same sort of strain that 272 00:16:07,760 --> 00:16:11,080 Speaker 1: other people do. Yeah, well, I would agree with Colin 273 00:16:11,120 --> 00:16:12,720 Speaker 1: on the idea that we need Wait wait wait wait 274 00:16:12,520 --> 00:16:16,000 Speaker 1: wait you agree with Colin? Oh wait is this my client? Wow? 275 00:16:17,080 --> 00:16:18,840 Speaker 1: I don't even know what you're gonna say. I don't 276 00:16:18,880 --> 00:16:20,160 Speaker 1: even know what you're gonna say, but I did it. 277 00:16:20,280 --> 00:16:23,520 Speaker 1: I found a point of agreement. You know, we we 278 00:16:23,640 --> 00:16:26,840 Speaker 1: need equal enforcement of of laws and rules for everybody. 279 00:16:26,880 --> 00:16:28,560 Speaker 1: And there are so many people in prison right now 280 00:16:29,280 --> 00:16:32,080 Speaker 1: for things like marijuana that obviously Elon Musk should face 281 00:16:32,120 --> 00:16:36,560 Speaker 1: some accountability. That being said, everybody, you know he this 282 00:16:36,640 --> 00:16:39,520 Speaker 1: is not the thing that should take someone's clearance away 283 00:16:39,720 --> 00:16:42,200 Speaker 1: or the thing that should jail people for for years. 284 00:16:42,240 --> 00:16:44,680 Speaker 1: It's time for big picture reform in this country. I 285 00:16:44,720 --> 00:16:47,360 Speaker 1: am fascinated by that by Elon Musk. I think he's 286 00:16:47,400 --> 00:16:50,080 Speaker 1: gonna be around for quite some time and just on 287 00:16:50,120 --> 00:16:52,920 Speaker 1: our way out. Because apples, Tim Cook, did did you 288 00:16:52,960 --> 00:16:55,520 Speaker 1: hear this when President Trump called him Tim Apple? Now 289 00:16:55,680 --> 00:16:59,280 Speaker 1: Tim Cook has changed his Twitter bio to Tim Apple 290 00:16:59,440 --> 00:17:02,080 Speaker 1: And if I got Trump tweeted out question mark, question mark, 291 00:17:02,160 --> 00:17:05,520 Speaker 1: question mark, referring to Tim Cooke, now referred to as 292 00:17:05,600 --> 00:17:09,240 Speaker 1: Tim Apple. We're still on Manafort watch. How long will 293 00:17:09,240 --> 00:17:11,760 Speaker 1: he be sentenced for? We are awaiting word from an 294 00:17:11,760 --> 00:17:16,399 Speaker 1: Alexandria court house. Coming up, we're going to hear from 295 00:17:16,800 --> 00:17:21,360 Speaker 1: soci and Ahsta. She's communications director from the Democratic National Committee. 296 00:17:21,400 --> 00:17:22,960 Speaker 1: She's going to catch us up to speed on all 297 00:17:23,000 --> 00:17:25,960 Speaker 1: of the debate prep that is going on for a 298 00:17:26,160 --> 00:17:31,400 Speaker 1: very crowded Democratic presidential primary. Remember, folks, you can download 299 00:17:31,480 --> 00:17:35,679 Speaker 1: the sound On podcast on Apple iTunes. You can also 300 00:17:36,240 --> 00:17:39,800 Speaker 1: go to Bloomberg dot com or get the Bloomberg Business app, 301 00:17:40,080 --> 00:17:43,200 Speaker 1: and you can find us on Radio dot com and 302 00:17:43,320 --> 00:17:47,520 Speaker 1: I Heart Radio. I'm Kevin CURRELLI you're listening to Bloomberg. 303 00:17:52,640 --> 00:17:56,840 Speaker 1: You're listening to Sound On with Kevin Surreally on Bloomberg 304 00:17:58,000 --> 00:18:00,040 Speaker 1: and one oh five point seven f M H E 305 00:18:00,119 --> 00:18:06,439 Speaker 1: to Baltimore. Comment denied for a couple of reasons. One, uh, 306 00:18:06,480 --> 00:18:11,200 Speaker 1: some of the clearances is something that I can't go 307 00:18:11,400 --> 00:18:15,040 Speaker 1: into conversations with the president at that level certainly would 308 00:18:15,040 --> 00:18:19,359 Speaker 1: be covered by privilege. That was retired General John Kelly, 309 00:18:19,440 --> 00:18:23,199 Speaker 1: the president's previous chief of Staff, speaking publicly for the 310 00:18:23,280 --> 00:18:27,359 Speaker 1: first time since resigning as President Trump's chief of staff. 311 00:18:27,400 --> 00:18:32,480 Speaker 1: He was a duke university. Uh the other day. And 312 00:18:32,520 --> 00:18:35,440 Speaker 1: this is following a report in the New York Times 313 00:18:35,640 --> 00:18:39,920 Speaker 1: that says President Trump pressured General Kelly to provide security 314 00:18:39,960 --> 00:18:45,200 Speaker 1: clearances to Avanka and Jared, Ivanka Trump and Jared Kushner. Uh, 315 00:18:45,400 --> 00:18:49,200 Speaker 1: it's it's it's timely because of this bloomberdon Nehos exclusive 316 00:18:49,240 --> 00:18:53,840 Speaker 1: by Tony Cappaccio, which says that Elon Musk's secret clearance 317 00:18:54,560 --> 00:18:57,840 Speaker 1: is federal security clearance is set to be under review 318 00:18:58,440 --> 00:19:02,640 Speaker 1: following his usage of marijuana. Adam Green, as co founder 319 00:19:03,080 --> 00:19:06,119 Speaker 1: of the Progressive Change Campaign Committee, Colin Read is a 320 00:19:06,160 --> 00:19:10,360 Speaker 1: Republican strategist. I'm trying to find areas in which they 321 00:19:10,400 --> 00:19:14,080 Speaker 1: agree because they butt heads on policy. But Colin, I mean, 322 00:19:14,320 --> 00:19:16,760 Speaker 1: is it a bit? I mean it is. What do 323 00:19:16,800 --> 00:19:20,360 Speaker 1: you make of this, Jared and Ivanka getting security clearances 324 00:19:20,480 --> 00:19:24,320 Speaker 1: and you know, General Kelly kind of giving some ambiguity 325 00:19:24,400 --> 00:19:27,040 Speaker 1: following the New York Times report that they were that 326 00:19:27,080 --> 00:19:30,240 Speaker 1: he was pressured to do so by President Trump. I 327 00:19:30,320 --> 00:19:33,920 Speaker 1: think overall it's an unhelpful narrative for the White House. 328 00:19:34,160 --> 00:19:37,480 Speaker 1: It's probably an area of agreement here we found, um 329 00:19:37,520 --> 00:19:38,800 Speaker 1: but I don't know that it's gonna at the end 330 00:19:38,800 --> 00:19:40,160 Speaker 1: of the day. There's a lot of noise right now, 331 00:19:40,200 --> 00:19:41,720 Speaker 1: and there's a lot of other things happening that you 332 00:19:41,840 --> 00:19:44,000 Speaker 1: just referenced, So I don't know that it will stick 333 00:19:44,000 --> 00:19:47,920 Speaker 1: around forever. But when you have all these former staffers 334 00:19:47,960 --> 00:19:50,200 Speaker 1: out there giving public speeches, their words are going to 335 00:19:50,280 --> 00:19:53,280 Speaker 1: be parsed very carefully, and anything that can be used 336 00:19:53,320 --> 00:19:56,959 Speaker 1: to highlight and elevate disagreements with the administration will blow up. 337 00:19:57,000 --> 00:19:58,920 Speaker 1: So when you've got a lot of people coming in 338 00:19:58,960 --> 00:20:00,480 Speaker 1: and out of the White House, I think so this 339 00:20:00,560 --> 00:20:02,200 Speaker 1: is a byproduct of that. Do you think Jared and 340 00:20:02,240 --> 00:20:05,560 Speaker 1: Evanka should have had a national security clearance? I don't know. 341 00:20:05,800 --> 00:20:08,800 Speaker 1: I'm not a I don't issue on the topic of 342 00:20:09,600 --> 00:20:13,280 Speaker 1: expertise for me, Adam. So, because there's so much noise, 343 00:20:13,680 --> 00:20:15,920 Speaker 1: it's important to connect the dots by boiling it down, 344 00:20:15,960 --> 00:20:18,960 Speaker 1: boiling down to one word, which is corruption, Right, whether 345 00:20:19,040 --> 00:20:22,359 Speaker 1: it's giant tax cuts for Wall Street and other lobbyists 346 00:20:22,359 --> 00:20:25,240 Speaker 1: that you know specifically lobby for things in the tax code, 347 00:20:25,520 --> 00:20:28,680 Speaker 1: or hurting our national security by get by randomly giving 348 00:20:29,160 --> 00:20:33,919 Speaker 1: compromised Jared Kushner top security clearance. The common theme in 349 00:20:33,960 --> 00:20:36,960 Speaker 1: this White House is corruption. That happens to be something 350 00:20:36,960 --> 00:20:39,360 Speaker 1: that Elizabeth Warren has boiled down her campaign too as well. 351 00:20:39,800 --> 00:20:42,720 Speaker 1: But but in terms of but in terms of security clearances, 352 00:20:42,720 --> 00:20:45,680 Speaker 1: because I mean, because now you've got this bombshell report 353 00:20:45,760 --> 00:20:49,560 Speaker 1: Bloomberg exclusive that Elon Musk could have a security clearance 354 00:20:49,600 --> 00:20:53,200 Speaker 1: revoked and the Pentagon's reviewing it. I mean, Jared and 355 00:20:53,240 --> 00:20:56,080 Speaker 1: Ivanka have a security clearance. Do you think that that 356 00:20:56,119 --> 00:20:59,960 Speaker 1: they deserve adam to have a security clearance? Especially if 357 00:21:00,040 --> 00:21:02,920 Speaker 1: the President is personally advocating On the one hand, when 358 00:21:02,920 --> 00:21:06,000 Speaker 1: I talk to Republicans, they say, absolutely the president should 359 00:21:06,000 --> 00:21:09,119 Speaker 1: be able to say whomever he wants at the national 360 00:21:09,200 --> 00:21:12,240 Speaker 1: security table and draw advice from On the other hand, 361 00:21:12,280 --> 00:21:14,520 Speaker 1: I would take it you disagree with that argument, Well, 362 00:21:14,600 --> 00:21:17,040 Speaker 1: let's look at the rationale for them being died of 363 00:21:17,040 --> 00:21:19,720 Speaker 1: security clearance. I mean, the bottom the bottom line here 364 00:21:19,760 --> 00:21:21,880 Speaker 1: is that they are compromised, right, the fact that Jared 365 00:21:21,920 --> 00:21:24,840 Speaker 1: Kushner's meeting with Russians might be working against the interests 366 00:21:24,880 --> 00:21:27,280 Speaker 1: of the United States. The fact that the National Security 367 00:21:27,280 --> 00:21:30,159 Speaker 1: Apparatus says, hey, we don't want him to be privy 368 00:21:30,359 --> 00:21:35,680 Speaker 1: to top national security information. You know that everybody should 369 00:21:35,680 --> 00:21:39,440 Speaker 1: fear if the president is overwriting that decision by national 370 00:21:39,480 --> 00:21:41,920 Speaker 1: security apparatus. Alright, so we're talking it fits into corruption. 371 00:21:42,160 --> 00:21:45,040 Speaker 1: So we're talking about some of the messaging and the 372 00:21:45,119 --> 00:21:50,440 Speaker 1: national security clearances that are dividing the administration. But meanwhile 373 00:21:50,520 --> 00:21:52,520 Speaker 1: there's all of this chatter. We've been talking about it 374 00:21:52,560 --> 00:21:55,359 Speaker 1: all weeks. It really is, folks, I gotta be honest, 375 00:21:55,440 --> 00:21:57,960 Speaker 1: uncomfortable to talk about because some of these tweets coming 376 00:21:58,000 --> 00:22:02,760 Speaker 1: from the freshman congresswoman from Minnesota, Congresswoman Elan Omar, are 377 00:22:03,200 --> 00:22:07,200 Speaker 1: just absolutely anti semitic. And now you've got a situation 378 00:22:07,680 --> 00:22:11,920 Speaker 1: where Democrats on the House are trying to rebuke this, 379 00:22:12,600 --> 00:22:16,320 Speaker 1: and UH are facing a lot of criticism, not just 380 00:22:16,440 --> 00:22:19,840 Speaker 1: from the right but also from Democrats, and it's presented 381 00:22:19,920 --> 00:22:24,440 Speaker 1: this challenge for Speaker Pelosi. I would argue that this 382 00:22:24,520 --> 00:22:27,560 Speaker 1: is her first challenge. She's she's more having to deal 383 00:22:27,600 --> 00:22:31,560 Speaker 1: with this freshman congresswoman's anti semitic remarks, but she totally 384 00:22:31,600 --> 00:22:35,360 Speaker 1: handled the White House in terms of navigating the issue 385 00:22:35,480 --> 00:22:39,359 Speaker 1: of the government shutdown. I want to play for you, Adam, 386 00:22:39,400 --> 00:22:42,919 Speaker 1: what Speaker Pelosi said when asked about Congresswoman Omar anti 387 00:22:42,960 --> 00:22:44,680 Speaker 1: Semitic tweets, and then I want to get your take. 388 00:22:44,880 --> 00:22:49,040 Speaker 1: Here's speaker Pelosi. I feel confident that her words were 389 00:22:49,080 --> 00:22:53,080 Speaker 1: not based on any anti Semitic attitude, but that she 390 00:22:53,119 --> 00:22:57,439 Speaker 1: didn't have a full appreciation of how they landed on 391 00:22:57,600 --> 00:23:01,280 Speaker 1: other people. With these these words have history and a 392 00:23:01,359 --> 00:23:05,720 Speaker 1: cultural impact that might have been unknown to her. Adam 393 00:23:05,840 --> 00:23:08,320 Speaker 1: is that is what do you make of her response? Well, first, 394 00:23:08,320 --> 00:23:10,600 Speaker 1: I would take issue with the idea that she her 395 00:23:10,640 --> 00:23:15,320 Speaker 1: actions are quote absolutely anti semitic. Her original comments that 396 00:23:15,400 --> 00:23:20,080 Speaker 1: got criticism were about a pack with and basically, we 397 00:23:20,160 --> 00:23:23,159 Speaker 1: have big money interests ranging from Wall Street to the 398 00:23:23,240 --> 00:23:25,600 Speaker 1: n r A, to big pharma to big oil, where 399 00:23:25,600 --> 00:23:28,000 Speaker 1: it's a fair game to talk about their influence on 400 00:23:28,040 --> 00:23:30,399 Speaker 1: our political system because of their money. But if you 401 00:23:30,520 --> 00:23:33,800 Speaker 1: say that our foreign policies being skewed by a pack 402 00:23:34,280 --> 00:23:36,399 Speaker 1: and that they know, by their own admission, they exert 403 00:23:36,440 --> 00:23:40,600 Speaker 1: great influence and they direct dollarist politicians, somehow that's anti semitic. 404 00:23:40,640 --> 00:23:42,760 Speaker 1: That's that's a little bit messed up. I mean, basically, 405 00:23:42,760 --> 00:23:46,560 Speaker 1: it shuts down conversation by whipping out this anti Semitic charge. 406 00:23:47,080 --> 00:23:50,760 Speaker 1: Um So right now, I'm actually thrilled that this resolution 407 00:23:50,800 --> 00:23:54,520 Speaker 1: which originally was written to condemn her, was dramatically edited 408 00:23:54,560 --> 00:23:58,639 Speaker 1: due to grassroots pressure, and now it is criticizing white nationalism, 409 00:23:58,680 --> 00:24:02,919 Speaker 1: it's criticizing anti LGBTQ remarks and kind of lumping them 410 00:24:02,960 --> 00:24:04,960 Speaker 1: all together under an umbrella of hate. So actually, I 411 00:24:04,960 --> 00:24:07,520 Speaker 1: think ill Han and progressives are a big winner here 412 00:24:07,680 --> 00:24:10,320 Speaker 1: because we have a bunch of Republicans on record going 413 00:24:10,359 --> 00:24:13,639 Speaker 1: against white nationalism, you know, white supremacy, when they would 414 00:24:13,680 --> 00:24:15,440 Speaker 1: refuse to do that when Donald Trump did it. Well, 415 00:24:15,480 --> 00:24:20,400 Speaker 1: she she apologized for for the one tweet, but then 416 00:24:20,600 --> 00:24:23,000 Speaker 1: a couple of days ago she apologized for the wording 417 00:24:23,119 --> 00:24:25,440 Speaker 1: of it not not right. Well, but it's one thing 418 00:24:25,680 --> 00:24:27,960 Speaker 1: with the anti semitic warning of it, and then she 419 00:24:28,359 --> 00:24:32,640 Speaker 1: but then she did another another one that I don't 420 00:24:32,640 --> 00:24:35,200 Speaker 1: even want to read. I mean, it was it's one 421 00:24:35,240 --> 00:24:38,439 Speaker 1: thing to make I hear the argument that you are making. 422 00:24:38,520 --> 00:24:42,000 Speaker 1: I think you can criticize maybe not Yahoo for corruption 423 00:24:42,080 --> 00:24:45,520 Speaker 1: and whatever you want, but there was you would you 424 00:24:45,560 --> 00:24:48,160 Speaker 1: would agree that there was a tone to her tweets. 425 00:24:48,400 --> 00:24:51,359 Speaker 1: And I am not disagreeing that there's tones to the 426 00:24:51,960 --> 00:24:55,040 Speaker 1: to the president's rhetoric at all, but in this specific case, 427 00:24:55,080 --> 00:24:59,080 Speaker 1: it almost felt like she kept going even after she 428 00:24:59,160 --> 00:25:05,359 Speaker 1: had apologize. But she is going against the influence of 429 00:25:05,480 --> 00:25:07,639 Speaker 1: one side of a debate in this country, saying that 430 00:25:07,680 --> 00:25:12,040 Speaker 1: they are using you know, their their big money influence 431 00:25:12,080 --> 00:25:16,000 Speaker 1: to skew American policy towards Israel. Right, Like, I don't think, 432 00:25:16,040 --> 00:25:18,240 Speaker 1: I don't know. I'm not actually sure why that itself 433 00:25:18,280 --> 00:25:22,720 Speaker 1: would be called anti semitic. The wording basically by identifying 434 00:25:23,119 --> 00:25:25,680 Speaker 1: that there is money involved in a pack strategy which 435 00:25:25,760 --> 00:25:30,000 Speaker 1: they in which they themselves admit um somehow, because you're 436 00:25:30,000 --> 00:25:33,160 Speaker 1: invoking money, that's anti semitic. It's it's it's weird. It's 437 00:25:33,160 --> 00:25:35,560 Speaker 1: almost like a trope upon a trope. People. People are 438 00:25:35,560 --> 00:25:38,959 Speaker 1: shutting down conversation because she's calling out big money influence 439 00:25:38,960 --> 00:25:41,000 Speaker 1: in the Israel debate. It is big money influence. I'm 440 00:25:41,000 --> 00:25:43,919 Speaker 1: ash American. I'm saying it is big money influence. And 441 00:25:43,960 --> 00:25:46,119 Speaker 1: it's been well documented by a pack itself that they 442 00:25:46,119 --> 00:25:48,520 Speaker 1: have influence over Congress and they move a lot of 443 00:25:48,520 --> 00:25:51,600 Speaker 1: money around. But that's a but the loyal that's saying, 444 00:25:51,640 --> 00:25:54,960 Speaker 1: the dual loyalty argument, all of that, that's that that 445 00:25:55,040 --> 00:25:57,560 Speaker 1: crosses the line. Well, let' let's keep going on that. 446 00:25:57,680 --> 00:26:00,119 Speaker 1: So this is this is what crosses a line. She 447 00:26:00,160 --> 00:26:03,040 Speaker 1: basically said, we should have allegiance to America first and foremost. 448 00:26:03,640 --> 00:26:06,000 Speaker 1: What were Republican leaders and wa, wait wait wait what 449 00:26:06,080 --> 00:26:08,440 Speaker 1: is say about that? He said she should be kicked 450 00:26:08,440 --> 00:26:11,000 Speaker 1: off the House Foreign Relations Committee because she is a 451 00:26:11,040 --> 00:26:13,880 Speaker 1: mole for terrorists. When she's out there saying we need 452 00:26:13,880 --> 00:26:16,480 Speaker 1: to be we need to be loyal to America and 453 00:26:16,520 --> 00:26:19,639 Speaker 1: they're calling her a terrorist, who's the way, Seriously, who's 454 00:26:19,680 --> 00:26:23,960 Speaker 1: the one having a foul argument? I mean, that's just racist. 455 00:26:24,000 --> 00:26:26,480 Speaker 1: That's the anti Muslim. I mean, if anything, she's saying 456 00:26:26,480 --> 00:26:29,679 Speaker 1: America first and foremost. Well, I think the comments were 457 00:26:29,720 --> 00:26:32,960 Speaker 1: absolutely anti Semitic. They were offensive, they were disgraceful. Which 458 00:26:32,960 --> 00:26:35,720 Speaker 1: one the congressman from Minnesota, No, which comments the what 459 00:26:35,800 --> 00:26:37,840 Speaker 1: about ism doesn't really work? A wrong is wrong and 460 00:26:37,880 --> 00:26:39,520 Speaker 1: you gotta call it out. What's the I'm asking you 461 00:26:39,560 --> 00:26:41,119 Speaker 1: to call it out? Which comment? I'm not going to 462 00:26:41,160 --> 00:26:43,399 Speaker 1: repeat the comments on the air. We just by the way, 463 00:26:43,320 --> 00:26:45,520 Speaker 1: these aren't these are not This is not me saying 464 00:26:45,920 --> 00:26:48,760 Speaker 1: Even ram Emanuel, President Obama's former chief of staff, called 465 00:26:48,800 --> 00:26:51,679 Speaker 1: them the quote ugliest stereotypes. Yeah, so this is no 466 00:26:51,720 --> 00:26:54,239 Speaker 1: longer an our versus the issue, and you gotta call 467 00:26:54,240 --> 00:26:55,600 Speaker 1: out wrong. When you call out, I'm asking you to 468 00:26:55,600 --> 00:26:57,800 Speaker 1: call it out. And what's even more disgrace to me 469 00:26:58,800 --> 00:27:02,239 Speaker 1: are the handidates who are defending her because they're so 470 00:27:02,280 --> 00:27:05,199 Speaker 1: afraid of getting out flanked on their left. Senator Warrnt, 471 00:27:05,200 --> 00:27:08,719 Speaker 1: Senator Sanders, Senator Harris. Rather than just say hey, this 472 00:27:08,800 --> 00:27:10,400 Speaker 1: is wrong, we should condemn it, we can move on 473 00:27:10,560 --> 00:27:12,439 Speaker 1: and rather than pointing out the what about is m 474 00:27:12,440 --> 00:27:14,720 Speaker 1: and on all that, just call call it for what 475 00:27:14,760 --> 00:27:17,840 Speaker 1: it is and then move on. Um waves they wash 476 00:27:17,920 --> 00:27:20,159 Speaker 1: ashore a lot of various candidates, a lot of them 477 00:27:20,200 --> 00:27:22,080 Speaker 1: don't have a lot of experience. The Republicans learned that 478 00:27:22,119 --> 00:27:24,440 Speaker 1: in the two thousand ten Tea Party wave. Leadership is 479 00:27:24,480 --> 00:27:26,720 Speaker 1: a hard time controlling a lot of those members. Their 480 00:27:26,800 --> 00:27:29,159 Speaker 1: new to politics. They don't necessarily know the rules of 481 00:27:29,200 --> 00:27:31,800 Speaker 1: the road. The same thing happened last year, big Democratic 482 00:27:31,840 --> 00:27:34,719 Speaker 1: wave watched in a lot of new candidates. All right, Adam, well, 483 00:27:35,000 --> 00:27:36,240 Speaker 1: we gotta go to break in then if you want 484 00:27:36,240 --> 00:27:39,600 Speaker 1: to say anything, alright, coming up, we uh we check 485 00:27:39,680 --> 00:27:42,639 Speaker 1: in with soci and a hostess. She's a communications director 486 00:27:42,680 --> 00:27:45,120 Speaker 1: for the d n C. She's gonna give us all 487 00:27:45,160 --> 00:27:47,800 Speaker 1: of the load down. Everyone's running for president? How are 488 00:27:47,800 --> 00:27:49,960 Speaker 1: they going to have the debates? We're gonna find out 489 00:27:50,000 --> 00:27:53,159 Speaker 1: how from the Democratic National Committee Panel States got a 490 00:27:53,200 --> 00:27:56,359 Speaker 1: little heated. Adam Green, co founder of the Progressive Change 491 00:27:56,359 --> 00:28:00,400 Speaker 1: campaignt Committee, Colin Reid, Republican strategists and managing direct at 492 00:28:00,400 --> 00:28:04,160 Speaker 1: two Finders Public Up. Bear, I'm Kevin Cerelli. You're listening 493 00:28:04,200 --> 00:28:11,520 Speaker 1: to Bloomberg. You're listening to Sound On with Kevin Surreally 494 00:28:11,920 --> 00:28:16,119 Speaker 1: on Bloomberg and one oh seven m h D two 495 00:28:16,160 --> 00:28:20,639 Speaker 1: Bolton Bolger. Still no word on Paul Manifort and what 496 00:28:21,000 --> 00:28:24,240 Speaker 1: his sentence will be, but we are keeping a careful I. 497 00:28:24,240 --> 00:28:28,840 Speaker 1: I'm Kevin Cerelli, Bloomberg News Chief Washington correspondent from Bloomberg 498 00:28:28,880 --> 00:28:35,040 Speaker 1: Television and Bloomberg Radio. Meanwhile, the Democratic National Committee is 499 00:28:35,480 --> 00:28:40,600 Speaker 1: busy preparing for the debates. Yes, the debates. Everyone is 500 00:28:40,680 --> 00:28:43,000 Speaker 1: running for president. But we did get word today that 501 00:28:43,120 --> 00:28:47,000 Speaker 1: Senator Shared Brown, a Democrat from Ohio, will not be 502 00:28:47,120 --> 00:28:51,200 Speaker 1: joining the list. Also speculation that former Vice President Joe 503 00:28:51,280 --> 00:28:56,280 Speaker 1: Biden will be making some type of looming announcement sometime soon. 504 00:28:56,960 --> 00:29:00,720 Speaker 1: Sochi and Ajosa is communications director at the d n C. 505 00:29:00,960 --> 00:29:04,680 Speaker 1: She joins US on the telephone line, Sochi, thank you 506 00:29:04,800 --> 00:29:07,800 Speaker 1: so much for for calling in. You guys got some 507 00:29:08,120 --> 00:29:11,960 Speaker 1: press today because surprising no one. I mean, I wasn't surprised. 508 00:29:12,120 --> 00:29:15,200 Speaker 1: Fox News will not be one of the channels that 509 00:29:15,280 --> 00:29:19,080 Speaker 1: will be hosting the Democratic debates, not your target audience. 510 00:29:19,280 --> 00:29:23,840 Speaker 1: So well, I mean, I will say that they do 511 00:29:23,960 --> 00:29:26,840 Speaker 1: have a very important audience. UM, they have an audience 512 00:29:26,840 --> 00:29:29,640 Speaker 1: that we will need to target UM in the general election, 513 00:29:29,760 --> 00:29:33,120 Speaker 1: and you will see I'm sure some candidates who will 514 00:29:33,920 --> 00:29:36,840 Speaker 1: attempt to talk to their voters for the primary as well. 515 00:29:36,920 --> 00:29:39,720 Speaker 1: But I think that UM, and you probably saw the 516 00:29:39,760 --> 00:29:43,600 Speaker 1: reporting in the New Yorker, it really detailed an inappropriate 517 00:29:43,680 --> 00:29:47,200 Speaker 1: relationship between Donald Trump and Fox News. I mean, I 518 00:29:47,200 --> 00:29:49,800 Speaker 1: don't know about Bloomberg, but I'm pretty sure that that 519 00:29:49,920 --> 00:29:54,040 Speaker 1: Donald Trump isn't dictating what questions you're asking, UM, and 520 00:29:54,320 --> 00:29:56,600 Speaker 1: you know, and yeah, and I think a lot of 521 00:29:56,600 --> 00:29:59,480 Speaker 1: reporters would say that, but I think that, UM, one 522 00:29:59,560 --> 00:30:02,520 Speaker 1: key point it here is that it wasn't just a 523 00:30:02,600 --> 00:30:07,440 Speaker 1: cozy relationship. It's just, you know, a very very inappropriate 524 00:30:07,480 --> 00:30:12,520 Speaker 1: one in terms of Trump having input on different things 525 00:30:12,520 --> 00:30:15,200 Speaker 1: that they cover day to day. And so we believe 526 00:30:15,520 --> 00:30:19,160 Speaker 1: that Fox is not in a position to host up 527 00:30:19,160 --> 00:30:21,560 Speaker 1: there in neutral debate for our candidates. All right, so 528 00:30:21,640 --> 00:30:26,280 Speaker 1: walk us through, uh the how the debates are gonna work? 529 00:30:26,320 --> 00:30:28,880 Speaker 1: Because I remember in the last cycle on the Republican side, 530 00:30:28,880 --> 00:30:31,280 Speaker 1: every woman's running number like there was like the kids 531 00:30:31,360 --> 00:30:34,200 Speaker 1: table debate I called it because if they didn't get 532 00:30:34,240 --> 00:30:36,400 Speaker 1: a certain point of polls. I don't even remember how 533 00:30:36,600 --> 00:30:39,400 Speaker 1: how that worked. But but how is this going to 534 00:30:39,480 --> 00:30:44,080 Speaker 1: work this time? Um? Absolutely, So that's something that we 535 00:30:44,080 --> 00:30:47,080 Speaker 1: went to school on. We looked at previous Democratic and 536 00:30:47,120 --> 00:30:51,080 Speaker 1: Republican debates. We looked at debates and presidential cycles with 537 00:30:51,200 --> 00:30:54,880 Speaker 1: large fields like that Republican UM cycle that you're talking 538 00:30:54,920 --> 00:30:58,640 Speaker 1: about in two and one thing we've learned is to 539 00:30:58,720 --> 00:31:00,800 Speaker 1: make sure that we have a access that is not 540 00:31:00,840 --> 00:31:04,960 Speaker 1: only fair and transparent, but that is also inclusive. And 541 00:31:05,080 --> 00:31:07,760 Speaker 1: one thing that we heard from a lot of folks 542 00:31:07,920 --> 00:31:11,240 Speaker 1: is that Republican debate where you had the undercard debate, 543 00:31:11,320 --> 00:31:16,360 Speaker 1: the JV varsity situation. You are, you candidates who were 544 00:31:16,600 --> 00:31:19,320 Speaker 1: on the JV side and had to go earlier. It 545 00:31:19,400 --> 00:31:23,240 Speaker 1: was detrimental to their campaigns and they believe that that 546 00:31:23,280 --> 00:31:25,720 Speaker 1: would hurt their campaign and that their candidacy was sort 547 00:31:25,720 --> 00:31:28,040 Speaker 1: of done, and we don't want to do that with anyone. 548 00:31:28,200 --> 00:31:30,440 Speaker 1: We know that this is a wide open field. We 549 00:31:30,480 --> 00:31:32,760 Speaker 1: know we will have a lot of candidates and that 550 00:31:32,880 --> 00:31:34,840 Speaker 1: is a good thing for the party, and it is 551 00:31:34,880 --> 00:31:39,040 Speaker 1: our responsibility to make sure that we that they get 552 00:31:39,080 --> 00:31:41,959 Speaker 1: the most eyelaws and that we have a their process. 553 00:31:42,000 --> 00:31:44,920 Speaker 1: So we're doing twelve debates, get ready. They start in June, 554 00:31:45,080 --> 00:31:47,920 Speaker 1: another one in July will be we'll do six and 555 00:31:47,960 --> 00:31:53,000 Speaker 1: twenty nineteen six and they will be focused on the issues. 556 00:31:53,040 --> 00:31:55,760 Speaker 1: They won't be focused on things like hands size like 557 00:31:55,880 --> 00:31:58,800 Speaker 1: you saw on the Republican debate. They will be focused 558 00:31:58,840 --> 00:32:04,160 Speaker 1: on fully the economy and climate change. And is it 559 00:32:04,240 --> 00:32:06,520 Speaker 1: going to be like polls of people or is it 560 00:32:06,640 --> 00:32:08,800 Speaker 1: are you gonna like pick out of a hat? I mean, seriously, 561 00:32:08,800 --> 00:32:11,840 Speaker 1: how how will that be decided? So that for the 562 00:32:11,880 --> 00:32:16,840 Speaker 1: first two debates we will be um doing two consecutive 563 00:32:16,960 --> 00:32:20,000 Speaker 1: nights on weeknight prime time. That's the first time that 564 00:32:20,040 --> 00:32:22,400 Speaker 1: you have seen that happen for either party. So it 565 00:32:22,480 --> 00:32:26,040 Speaker 1: is unprecedented the fact that the NBC and CNN would 566 00:32:26,080 --> 00:32:29,640 Speaker 1: give us that platform to do so, and we'll be 567 00:32:29,680 --> 00:32:32,000 Speaker 1: selecting the candidates at random. There will be up to 568 00:32:32,080 --> 00:32:35,959 Speaker 1: twenty for both debates at ten on each night, and 569 00:32:36,480 --> 00:32:40,240 Speaker 1: they will We don't want to savor any certain candidates, 570 00:32:40,280 --> 00:32:44,840 Speaker 1: so they will be we will televisor make public a 571 00:32:45,080 --> 00:32:48,080 Speaker 1: random selection. And the way that you can qualify for 572 00:32:48,200 --> 00:32:51,680 Speaker 1: today is by pulling at one percent um in three 573 00:32:51,680 --> 00:32:56,000 Speaker 1: polls or a grassroots fundraising mechanism threshold that we have. 574 00:32:56,200 --> 00:32:58,360 Speaker 1: This is the first time that we're doing this, and 575 00:32:58,560 --> 00:33:05,200 Speaker 1: it is you know, having six contributions in and that's 576 00:33:05,240 --> 00:33:07,640 Speaker 1: something that's new because I think as you're seeing now 577 00:33:07,800 --> 00:33:10,600 Speaker 1: is that there's a lot of grassroots amenta among all 578 00:33:10,640 --> 00:33:13,240 Speaker 1: the candidates, and so this is something that we're keeping 579 00:33:13,240 --> 00:33:15,040 Speaker 1: our eye on and we're really excited about. All right, 580 00:33:15,120 --> 00:33:17,080 Speaker 1: So Chi in the host, a communications director for the 581 00:33:17,120 --> 00:33:19,360 Speaker 1: d n C, Thanks for breaking it down. Appreciate you 582 00:33:19,720 --> 00:33:23,480 Speaker 1: calling in. Uh Adam Green, co founder of the Progressive 583 00:33:23,600 --> 00:33:26,200 Speaker 1: Change Campaign Committee, also closely aligned with Senator War We've 584 00:33:26,240 --> 00:33:28,840 Speaker 1: got literally less than a minute, but are you satisfied 585 00:33:28,880 --> 00:33:30,640 Speaker 1: with how the debate process is playing out? I think 586 00:33:30,640 --> 00:33:34,320 Speaker 1: the DNC gets great credit, Uh, definitely for their Fox decision. Uh. 587 00:33:34,400 --> 00:33:37,000 Speaker 1: Fox isn't more of a propaganda outlet for the right 588 00:33:37,080 --> 00:33:39,720 Speaker 1: than a news outlet, So smart and yeah, they're trying 589 00:33:39,760 --> 00:33:41,880 Speaker 1: to democratize the debates. I think it's overall good news 590 00:33:41,920 --> 00:33:43,959 Speaker 1: so far. All right, Adam Green, thanks for coming on, 591 00:33:44,040 --> 00:33:46,400 Speaker 1: Colin Reid, thank you. Remember you can check us out 592 00:33:46,520 --> 00:33:50,600 Speaker 1: on iTunes or Bloomberg dot com. Tomorrow's Job's Day, and 593 00:33:50,640 --> 00:33:54,560 Speaker 1: still no word on Paul man efforts sentencing. Uh, but 594 00:33:54,640 --> 00:33:56,840 Speaker 1: we will break down all of that coming up tomorrow. 595 00:33:56,840 --> 00:33:58,760 Speaker 1: That's it for me. I'm Kevin Sirelli. You're listening to 596 00:33:58,760 --> 00:34:02,000 Speaker 1: Bloomberg One.