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Speaker 1: Live from our nations. This budget thing is going to

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Speaker 1: do nothing the spaceports. I still think it's interesting President

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Speaker 1: Trump not playing his cards yet. Headlines Policy and Politics

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Speaker 1: colliding to Bloomberg Sound On, The Insiders, the Influencers, the insides.

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Speaker 1: I would rather see a congressional solution. It's part of

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Speaker 1: my DNA. The Senate map in looks a lot different

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Speaker 1: than it looked ins You really have a divide within

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Speaker 1: Team Trump. The President has to do exactly what people

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Speaker 1: sent him here to do, which is to get it done.

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Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg

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Speaker 1: nine one one five h D two. John Bolton is

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Speaker 1: out President Trump, shocking the belt Way earlier today and

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Speaker 1: the nation saying that John Bolton, his National security advisor,

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Speaker 1: has been ousted after a dispute over negotiating with the Taliban.

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Speaker 1: We have this story covered from every which angle, plus

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Speaker 1: who's on the shortlist to replace John Bolton and what

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Speaker 1: does it mean for foreign Paul let See and Iran elsewhere.

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Speaker 1: We're just days away from the third Democratic presidential debate.

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Speaker 1: I'm headed's a Houston. Bags aren't pat quite yet, but

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Speaker 1: we're gonna get a complete preview from Matt Gorman, vice

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Speaker 1: president at Target of Victory. Former NRCC communications director Kevin

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Speaker 1: Schados makes his debut on Bloomberg Radio sound on Democratic strategist,

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Speaker 1: managing partner at the Shadows Group and former president of

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Speaker 1: the d C Young Democrats, and Brett Brewin joins us

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Speaker 1: with the latest pertaining to Bolton. President Donald Trump says

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Speaker 1: he fired his hawkish national security advisor, John Bolton, after

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Speaker 1: disagreeing quote strongly with many of his positions. It's ended

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Speaker 1: a tumultuous tenure marked by multiple setbacks in the US

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Speaker 1: foreign policy. John Bolton, tweeting out, quote I offered to

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Speaker 1: resign last night, and President Trump said, quote let's talk

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Speaker 1: about it tomorrow. Well. President Trump tweeting out shortly before

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Speaker 1: noon today that he had accepted the resignation of his

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Speaker 1: national security advisor, joining us on the telephone line as

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Speaker 1: Brett Bruin. He's president of the Global Situation Room and

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Speaker 1: former White House Director of Global Engagement. Brett, what does

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Speaker 1: it mean for US foreign policy that John Bolton is out?

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Speaker 1: It's destabilizing, It's dangerous. You want someone at the head

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Speaker 1: of the National Security Council who one has the relationships

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Speaker 1: with all leaders, and they feel like they can give

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Speaker 1: them a call and sound out ideas or understand what's happening,

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Speaker 1: especially this kind of one house. So to go through

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Speaker 1: three different national security advisors, he's turn of destructive into

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Speaker 1: and a half years. So you know, I'm looking through

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Speaker 1: and just in just the lay of the land. You know,

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Speaker 1: last week on the program, we have Brian Hook, who's

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Speaker 1: the senior advisor to Secretary of State Mike Pompeo on

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Speaker 1: our program, as has appeared several times. You would think

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Speaker 1: that given the news of Bolton's ousting, that someone like

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Speaker 1: a Brian Hook his cloud within the administration would grow.

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Speaker 1: But I'm also struck because Jason Greenblatt, a longtime adviser

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Speaker 1: to President Trump, even dating back to his private citizenship

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Speaker 1: days on Israel. Jason Greenblatt departing the administration as well.

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Speaker 1: We're just a few weeks months away from Jared Kushner's

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Speaker 1: on veil of the Middle East Peace Plan. Meanwhile, the

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Speaker 1: President's anticipated later this month to head up to the

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Speaker 1: United Nations General Assembly meeting of Ron very much on

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Speaker 1: the minds of of of the administration. He had a

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Speaker 1: hardline approach Bolton did, and in addition to Iran, but

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Speaker 1: to North Korea, to Venezuela President Nicolas Madoro. So he's

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Speaker 1: his departure comes at a time in which there's a

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Speaker 1: lot of unknowns in US foreign policy. It comes at

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Speaker 1: a time when we're heading into the biggest show in

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Speaker 1: deploy Macy, the UN General Assembly. This is not the

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Speaker 1: moment that you remove your national security advisor. All of

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Speaker 1: these meetings with world leaders, they alone beating heads at

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Speaker 1: who is this acting national security advisor? How am I

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Speaker 1: supposed to get through this important message to President Trump,

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Speaker 1: to his administration. We're gonna miss signals, We're gonna miss opportunities,

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Speaker 1: and most concerning to me, we are not going to

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Speaker 1: have that steady hand at the tiller. There are no

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Speaker 1: adult left in the situation room. Charlie Kupperman is the

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Speaker 1: deputy National Security Advisor. White House Press Secretary Stephanie Grisham

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Speaker 1: saying that Charlie Kupperman will assume Bolton's position on an

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Speaker 1: acting basis. Hogan Gidley said that the deputy White House

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Speaker 1: Press Secretary, so Charlie Kupperman assumes power. We mentioned Secretary Pompeo,

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Speaker 1: who had clashed reportedly with with Bolton for quite some time,

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Speaker 1: but he's exp did the run for Senate. So, uh,

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Speaker 1: does this change the calculation for Secretary of Pompeo. Well,

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Speaker 1: I think Pompeo is gearing up all indications and my

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Speaker 1: that big run out in camp as even though he

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Speaker 1: won't admitted, and he's continuing to use public resources to

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Speaker 1: do it. But Pompeo is a yes man. You won't

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Speaker 1: tell truth to Trump. I think Bolton tried and clearly

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Speaker 1: he failed. So who is going to be the person

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Speaker 1: that says, Mr President, you cannot buy Greenland. Mr President,

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Speaker 1: you cannot invite the Taliban to camp David Bolton was there.

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Speaker 1: He was pushed aside on a lot of these decisions.

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Speaker 1: I fear there's not going to be anyone left to

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Speaker 1: stand between Trump in a really bad decision. I was struck,

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Speaker 1: Bret bruined by the optics that were put out by

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Speaker 1: the White House today Treasury Secretary Stephen Manution and Secretary

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Speaker 1: of State Mike Pompeo appearing at the White House trying

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Speaker 1: to show a unified front. Did it work? Not at all?

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Speaker 1: The world is worrying right now. Our national security establishment

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Speaker 1: is worrying. John Bolton. Well, I may disagree with him

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Speaker 1: on a lot of points. Deep trying to institute some discipline,

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Speaker 1: did put in place some policy processes. All of that

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Speaker 1: loss now and nobody is sure where we're headed, and

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Speaker 1: quite frankly, who is steering the ship. I want to

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Speaker 1: play for you a portion of what Secretary of State

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Speaker 1: Mike Pompeo said at the White House earlier this afternoon.

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Speaker 1: He was bombarded by questions from reporters regarding National Security

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Speaker 1: Advisor John Bolton. Take a listen. Take a listen to

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Speaker 1: what Secretary of State Mike Pompeo said about the differences

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Speaker 1: between himself and John Bolton. Here's the Secretary of State.

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Speaker 1: There were many times, Ambassador Bolton, I disagree, that's to

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Speaker 1: be sure, but that's true for lots of lots of

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Speaker 1: people who with whom I interact. So in in layman's terms,

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Speaker 1: Brett Brewin as the consummate insider on all things foreign

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Speaker 1: policy related. What were the main differences between Secretary Pompeo

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Speaker 1: and John Balton. Well, there's any number of them, ranging

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Speaker 1: from most recently Afghanistan, an idea of pringing Taliban leadership

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Speaker 1: a wrong North Korea. Particularly, Bolton was much more of

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Speaker 1: a hawk. He wasn't willing to sit down with North Korea.

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Speaker 1: He said as much in the past. I have to say,

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Speaker 1: you know, he did an admirable job of trying to

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Speaker 1: subsume those personal views and say, like, I am now

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Speaker 1: the National Security Advisor and need to speak for the

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Speaker 1: president and for our country. The challenge with Pompeo is

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Speaker 1: this is someone who from his day as the CIA director,

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Speaker 1: has never been willing to tell the President of the

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Speaker 1: United States you can't do that. And that is what

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Speaker 1: scares me is Pompeo now is the most experienced foreign

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Speaker 1: policy cabinet member and a national security hand. This is

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Speaker 1: not somebody who's going to pull Trump back in the brink.

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Speaker 1: We'll take a listen, make us to that point. Secretary

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Speaker 1: Pompeo was asked about just that, just how how perhaps

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Speaker 1: President Trump's foreign policy will change as a result of

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Speaker 1: John Bolton's ousting from the administration as National Security Advisor.

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Speaker 1: And that's really the big question is with John Bolton

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Speaker 1: out and not breaking news happening earlier this afternoon. What

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Speaker 1: does it mean for the future of US foreign policy?

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Speaker 1: Take a listen to what Secretary Pompeo said with regards

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Speaker 1: to whether or not there will be a change in

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Speaker 1: course for foreign policy in the Trump administration. Here is,

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Speaker 1: I don't think any leader around the world should make

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Speaker 1: any assumption because some one of us at the hearts

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Speaker 1: that President Trump's scorn policy will change in a material life.

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Speaker 1: Do you agree with him? Brett? Not true. I think

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Speaker 1: what your seam already is signaling out of the White

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Speaker 1: House that when it comes to Uranians Trump wants to

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Speaker 1: sit down and talk. They'll use Bolton's departure as an

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Speaker 1: excuse as a cover to say, look, you know, Bolton

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Speaker 1: is out. He was the one really driving that hardline policy.

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Speaker 1: Let's sit down and talk, and Trump desperately needs that

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Speaker 1: deal UH piece so the heat can hold it up

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Speaker 1: during the elections and say I tid something. Afghanistan has

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Speaker 1: UH fall one apart, North Korea is going no where.

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Speaker 1: Ron's best bat and Democrats really out in full force

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Speaker 1: this afternoon, reacting to the news of National Security Advisor

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Speaker 1: John Bolton departing. Departing the administration alsting fired. Uh, and

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Speaker 1: just to go again over that TikTok time line, Uh,

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Speaker 1: John Bolton, will we first get news earlier today, shortly

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Speaker 1: before noon via tweet, President Trump says he's accepted the

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Speaker 1: resignation of his National Security advisor. John Bolton tweets just

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Speaker 1: moments after that, saying that he offered his resignation last

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Speaker 1: night and the President told him, according to John Bolton's account,

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Speaker 1: we'll talk about it tomorrow morning. We then get reporting

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Speaker 1: from our colleagues on the White House team on the

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Speaker 1: Bloomberg terminal that the tipping point was over that meeting

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Speaker 1: with Taliban leaders that the President canceled Saturday evening. Now

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Speaker 1: White House publicly pushing back against their any being any

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Speaker 1: type of final straw, so to speak. But you know,

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Speaker 1: you put the timeline together. And that was the latest

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Speaker 1: development over the weekend when President Trump tweeted out on

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Speaker 1: Saturday night that he was not going to be meeting

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Speaker 1: want to thank Ret Bruin. He is the director of

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Speaker 1: and the president of the Global Situation Room. Coming up,

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Speaker 1: we're gonna talk more policy and politics. I'm Kevin Serelli,

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Speaker 1: Chief Washington correspondent for Bloomberg Television and Bloomberg Radio. You

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Speaker 1: can download the Bloomberg Sound On podcast on Apple iTunes,

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Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business App.

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Speaker 1: You can also find us on Radio dot Com, I

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Speaker 1: Heart Radio, and Spotify. You're listening to Bloomberg. You're listening

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Speaker 1: to Bloomberg Sound On with Kevin Surreley on Bloomberg and

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Speaker 1: one oh five point seven F M h D two.

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Speaker 1: Happy Tuesday, folks, It's only Tuesday. I'm Kevin Cereli, chief

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Speaker 1: Washington correspondent for Bloomberg Television and Bloomberg Radio. We're navigating

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Speaker 1: through the geopolitics and the domestic politics. The news today

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Speaker 1: dominated by National Security Advisor John Bolton's austing from the administration,

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Speaker 1: but that has stop the differentiations from occurring on the

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Speaker 1: twenty campaign trail. We're now just about two days away

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Speaker 1: from Thursday Nights third Democratic presidential debate, and here with

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Speaker 1: me to give a preview. Matt Gorman, Vice President a

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Speaker 1: targeted victory. He's also the former NRCC communications director, and

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Speaker 1: Kevin shave It's making his debut on Bloomberg's Sound On

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Speaker 1: he's a democratic strategist, managing partner at the Shavets Group

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Speaker 1: and the former president of the d C Young Democrats. Kevin,

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Speaker 1: welcome to the program. You've been so patient. I want

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Speaker 1: to play for you what Senator Bernie Sanders said on

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Speaker 1: the campaign trail last night in Colorado, and I want

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Speaker 1: to get your response to it, because he's surging in

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Speaker 1: the top of the polls, and I want to know

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Speaker 1: what contrast he's gonna make in Houston come Thursday. Here,

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Speaker 1: Senator Bernie Sanders, take a listen. On the day after

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Speaker 1: week together are inaugurated. We are gonna have to come

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Speaker 1: together five millions to tell the corporate elite that they

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Speaker 1: agreed and corruption is going to end. So when you

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Speaker 1: listen to Senator Bernie Sanders delivered that type of message,

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Speaker 1: how is he going to contrast himself. We know he's

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Speaker 1: going to do it against Biden. How's he going to

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Speaker 1: do it against Senator Elizabeth Warren. Well, that's the big question, Kevin.

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Speaker 1: He's gonna have to at some point draw a distinction

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Speaker 1: between himself and Senator Warren. So far they both um

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Speaker 1: avoided that confrontation. But a lot of her rise has

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Speaker 1: come at his expense. As you mentioned, he's still doing

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Speaker 1: pretty well. Um A lot of polls have him um

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Speaker 1: at worse than third off and in second. But at

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Speaker 1: some point he's gonna have to paint himself. I would

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Speaker 1: think as sort of the original he ran in sixteen.

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Speaker 1: He's the one that gets a lot of credit for

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Speaker 1: pulling the party more to the left of Can he

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Speaker 1: sort of harp on that in the debates and and

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Speaker 1: cling to his base that got him so close to

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Speaker 1: winning seen, that'll be his test. Mc gorman. I'm fascinated

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Speaker 1: by Jennifer Epstein's reporting on the Bloomberg Terminal earlier today

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Speaker 1: that Joe Biden aims to use debate to question Elizabeth

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Speaker 1: Warren's corporate work. Joe Biden plans to argue at this

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Speaker 1: week's debate that all presidential candidates, including the incumbent, must

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Speaker 1: be transparent about their finances and any business dealings in

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Speaker 1: the past. According to a Biden advisor, on the condition

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Speaker 1: of an amenity, this could be availed attack on Elizabeth Warrant.

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Speaker 1: I don't know, there's something in me. According to my reporting,

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Speaker 1: Elizabeth Warren wants to have that debate all day long. Yeah,

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Speaker 1: A couple of things to begin with, I never understand

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Speaker 1: I did rap response from it in on on his

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Speaker 1: debates primary in general, worked with Jeb on his and sixteen.

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Speaker 1: I never understood previewing the attack before debate. Kamala's attack

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Speaker 1: on Joe Biden busting worked so well because he was

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Speaker 1: so taken it back by it. As you saw what

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Speaker 1: happened with Kerson, Jilla Brand and Biden. When he's ready,

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Speaker 1: When somebody's ready for attack, you can bet darn sure

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Speaker 1: that Elizabeth Warren is going over this in debate prep

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Speaker 1: as we speak. So I never understood telegraphing your punch beforehand. Um,

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Speaker 1: but look, I don't even know if this is the

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Speaker 1: right punch though. Well it's hard, right because Elizabeth Warren

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Speaker 1: doesn't have many vulnerabilities on this front, especially with Joe Biden.

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Speaker 1: Right burns a different story, but when it comes to

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Speaker 1: Joe Biden, he doesn't have much to hit. But this

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Speaker 1: is a broader problem for Democrats because Warren is undoubtedly

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Speaker 1: rising the polls, her trajectory is ascending. How do you

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Speaker 1: bring her down? You need to find something to latch onto,

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Speaker 1: and for Biden, you know, telegraphing the Societe it's gonna

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Speaker 1: be tough to do. Cap shave It's Democratic strategist, managing

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Speaker 1: partner at the shave It's Group, and former president of

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Speaker 1: the DC Young Democrats. I mean, it kind of reminds

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Speaker 1: me back when Obama was debating Hillary towards the end

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Speaker 1: of the O eight Remember that, like there can only

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Speaker 1: be one and it was the whole like NBA thing.

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Speaker 1: Remember that. Uh, but it reminds me of how every

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Speaker 1: time the Clinton campaign in o Wait tried to drap

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Speaker 1: all a sharper contrast with Obama, he would just say

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Speaker 1: see that, Uh, they're going negative again and that I

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Speaker 1: feel like, if you're Elizabeth Warren, You're just gonna say,

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Speaker 1: see that the corporate democrat from Delaware is is is

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Speaker 1: trying to make me out to me and to be

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Speaker 1: the Wall Street Demaican. I don't know, it just it

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Speaker 1: just feels like there might be another attack that that

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Speaker 1: would work better. I don't know. Well, they they're gonna

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Speaker 1: have to find a way to do it. But I

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Speaker 1: do think there are some differences between her and Barack Obama,

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Speaker 1: right because he was a lot unknown um she became

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Speaker 1: a Democrat I believe at age forty seven, So I

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Speaker 1: would think someone could bring that up and say, you know,

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Speaker 1: what you're doing in the eighties and nineties, that's why

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Speaker 1: people don't know that Elizabeth Warren was a Republican MC woman.

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Speaker 1: How does that make you feel as a Republican strategist,

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Speaker 1: that Elizabeth Warren once was a Republican hard you know, confused, weary,

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Speaker 1: you know, come back, Elizabeth, come back please. I'm gonna

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Speaker 1: leave it there. Coming up. We're gonna do what's on

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Speaker 1: the panel's radar. But that's a great, you know, come

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Speaker 1: back that could be. That could be the Republican rapid

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Speaker 1: response for the future mcwarman's days. Kevin Shaved stays, it's

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Speaker 1: only Tuesday, folks, chin up. Download the Bloomberg Sound On

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Speaker 1: podcast on Apple, it tunes, at Bloomberg dot com, or

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Speaker 1: by downloading the Bloomberg Business app. You can also find

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Speaker 1: me on Radio dot com, I Heart Radio, and Spotify.

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Speaker 1: I'm Kevin Cirelli, Chief Washington correspondent from Bloomberg Television and

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Speaker 1: Bloomberg Radio. You're listening to Bloomberg. You're listening to Bloomberg

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Speaker 1: Sound On with Kevin Sirel on Bloomberg and one oh

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Speaker 1: five point seven f M. H D two. I'm Kevin Cirelli,

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Speaker 1: Chief Washington correspondent from Bloomberg Television and Bloomberg Radio. Happy Tuesday, folks,

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Speaker 1: We've got special coverage on Thursday night in Houston, Houston,

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Speaker 1: Texas for the third Democratic presidential debate, the first time

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Speaker 1: Elizabeth Warren and Bernie Sanders will share the debate stage

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Speaker 1: with the front runner, former Vice President Joe Biden. In

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Speaker 1: many ways, it's really become a three way race, and

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Speaker 1: the others are jockeying for a position, trying to carve

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Speaker 1: out another centrist lane, the centrist alternative to Joe Biden.

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Speaker 1: Con Senator Kamala Harris, the Democrat from California bounce back,

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Speaker 1: Will South Ben Mayor Pete Buddha g Edge continue his assent,

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Speaker 1: or Senator Corey Booker, and who will drop out? After

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Speaker 1: all of that, I was struck by the way of

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Speaker 1: Andrew Yank. Hey, I don't take positions. I'm just a reporter.

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Speaker 1: But Andrew Yank tweeted out on Sunday that he doesn't

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Speaker 1: like the New England Patriots. I thought, hey, I agree

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Speaker 1: with them. There with me here. Matt Gorman, vice president

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Speaker 1: at Targeted Victory, former NRCC communications director Kevin Shavits. He's

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Speaker 1: a democratic strategist, managing partner at the Shavetz Group, and

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Speaker 1: former president of the d C Young Democrats. All right,

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Speaker 1: let's just do this quickly, predictions who's gonna win Thursday's debate.

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Speaker 1: We'll do this to Marrow too, But who's gonna win

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Speaker 1: Thursday's debate? Elizabeth Warren really do? Yeah, Biden's attack and

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Speaker 1: here's gonna fall flat. She's gonna rally the rooms and

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Speaker 1: attacked herself to Bernie, just like Ted Cruise Day with

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Speaker 1: Donald Trump in sixteen. I don't think if I don't

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Speaker 1: my prediction, I don't think Senator Elizabeth Warren's going to engage,

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Speaker 1: which is gonna hander the victory. I think she's just

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Speaker 1: gonna not engage on because that's how she's always been.

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Speaker 1: Even back in in Massachusetts against Scott Brown. She never

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Speaker 1: would engage. She just would She's so on message. Kevin,

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Speaker 1: what here you think gonna women? Well? I think that

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Speaker 1: Senator Kamala Harris has the most to gain and lose.

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Speaker 1: It seems like her debate performances have even either caused

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Speaker 1: her to sort of launch and take off, or in

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Speaker 1: the last debase she kind of fell flat. I think

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Speaker 1: she may try to take on Warren, maybe Bernie. It'll

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Speaker 1: be the first time they're all on the same stage,

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Speaker 1: so I'm interested to see how she does. All Right,

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Speaker 1: we're gonna do this. This is one of my favorite

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Speaker 1: parts of the program What's on Your Radar, where we

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Speaker 1: dive into some stories of the day that otherwise might

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Speaker 1: not have gotten as much attention as potentially the lead

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Speaker 1: they observe. I'm gonna stop. I'm gonna this definitely didn't

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Speaker 1: get attention today because of the John Balton news. But

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Speaker 1: I was literally up in Dirkson, you know, Senate Dirkson,

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Speaker 1: and on the fifth floor outside of the Senate Banking

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Speaker 1: room two Cabinet secretaries Secretary Manution and Treasury Ben Carson

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Speaker 1: of Hood and they're testifying. Mark Collaborate is there too,

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Speaker 1: and they're testifying about this new Fannie Freddie proposal. Did

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Speaker 1: you guys hear about this this gay blank and you'll

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Speaker 1: miss it. So the administration came out a couple of

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Speaker 1: days ago, I believe Monday is when it was formally

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Speaker 1: unfailed about their plan to to reprivatize, reprivatize uh Fannie

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Speaker 1: and Freddy. Remember after the two thousand and eight economic collapse.

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Speaker 1: The Bush administration tail end w Bush administration. They put

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Speaker 1: Fannie Mae and Freddie Mack in a conservatorship because they

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Speaker 1: totally wrecked the economy. So they've been in this conservatorship

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Speaker 1: for more than a decade now and they've turned to profit.

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Speaker 1: So what the Trump adminished ration and Republicans want to

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Speaker 1: do is put it back in the private sector. Secretary

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Speaker 1: Monutions set on CNBC earlier today that he would make

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Speaker 1: money of the hedge fund companies because hedge fund companies

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Speaker 1: is gonna be a moon for investment. It would reopen

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Speaker 1: competition in the mortgage industry. They do like the considerable

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Speaker 1: mortgage backing in the US. Fannie Mae and Freddie Mack,

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Speaker 1: and so they were up there testifying on Capitol Hill.

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Speaker 1: Democrats don't like it. They say that it's going to

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Speaker 1: be it's gonna be a disadvantage to low income earners

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Speaker 1: and and the like. Uh and Republicans are saying, hey,

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Speaker 1: you know, taxpayer shouldn't shouldn't be on the hook for

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Speaker 1: for Fannie Mae and Freddie Mac. I know it's not

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Speaker 1: gonna get anywhere, but if you're in the real estate market,

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Speaker 1: this is this is huge news, right, I think so.

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Speaker 1: And and look it's one of those interesting parts where

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Speaker 1: Trump ran as a populist. It's not very populous what

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Speaker 1: he's doing right now and so these but you're right,

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Speaker 1: like no one's talking about it. And you know, I

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Speaker 1: think now one of these things is a lot of

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Speaker 1: the the memories have faded from this financial crisis um

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Speaker 1: that was over ten years ago, as you said, so,

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Speaker 1: I think we're gonna see more of this now start

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Speaker 1: seeping in where things are starting eating back to pre

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Speaker 1: oh seven level. And just to be careful here, no

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Speaker 1: economist is predicting that the slowdown or the potential looming

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Speaker 1: recession in the next fifteen to eighteen months is going

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Speaker 1: to be nearly as horrible as the two thousand and

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Speaker 1: eight collapse of the Great Recession. You know, this is cyclical,

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Speaker 1: we go through ebbs and flows in the economy. But

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Speaker 1: that said, I mean, uh keV to to to Gorman's

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Speaker 1: point here, I mean the the populous rhetoric, whether it's

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Speaker 1: Fannie Mae and Freddie Mack maybe a bit too in

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Speaker 1: the weeds, but the recession looming is definitely now in

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Speaker 1: the political zeitgeist. On the main stage. Now, yeah, absolutely,

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Speaker 1: And I think President Trump will do whatever you can

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Speaker 1: to make sure that at least for the next you know,

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Speaker 1: year and a half, that we don't fall into recession,

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Speaker 1: or that he can at least still claim that the

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Speaker 1: economy is very strong. So doing things to take us

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Speaker 1: back to pre two thousand seven sort of status would

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Speaker 1: help him make that argument to say, hey, we're strong.

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Speaker 1: We're going back to where we were when the economy

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Speaker 1: was doing well or at least pre um great recession.

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Speaker 1: And for the record, Treasury Secretary of Venution, he was gaggling,

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Speaker 1: as it's known in the in the biz, in Dirks

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Speaker 1: and Hallway. So we're all out there the hearing, you know,

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Speaker 1: trying to interview. Meanwhile, Trump's tweeting about firing Bolton. Story

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Speaker 1: of my life and like the past four years, Trumps

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Speaker 1: tweeting on one thing, and you can't cover the story

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Speaker 1: you were assigned to cover. Um uh. And he says

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Speaker 1: that they might actually appeal a case to the Supreme

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Speaker 1: Court with regards to Fannie Mae and Freddie Mack, and

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Speaker 1: he might even appeal it all the way to the

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Speaker 1: Supreme Court. So I think we're gonna be talking housing.

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Speaker 1: Is there a housing bubble? Is there not a housing bubble?

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Speaker 1: That's what's all my radar. Uh, keV, what's on your radar? Uh? Well,

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Speaker 1: I think it's gonna be interesting to see what happens

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Speaker 1: with the gun control. Yes, yes, great one. As we

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Speaker 1: know we've seen, UM, we've had some unfortunate mass shootings

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Speaker 1: that have occurred a couple on the last month or so,

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Speaker 1: and Donald Trump, after those shootings, came out and said

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Speaker 1: that he was in support of maybe expanding background checks. Um.

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Speaker 1: He didn't seem as warm on the assault rifle band,

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Speaker 1: but definitely on background checks. But now he's trying to

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Speaker 1: pivot and make it about mental health and saying he

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Speaker 1: wants to increase access to mental health resources for those

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Speaker 1: who maybe UM at risk or sort of people who

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Speaker 1: could commit these types of acts. But as we've seen

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Speaker 1: in recent polling, three fourths of the country UM support

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Speaker 1: some type of expanded background checks. So I think it'll

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Speaker 1: be interesting to see how this how this plays out. Um,

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Speaker 1: we have the Northnline special election, which I know Matt's

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Speaker 1: gonna talk about, UM, where that issue will got out

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Speaker 1: ahead there. Uh. But if you know that the Senate

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Speaker 1: Democrats have come out and said they're gonna force this

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Speaker 1: bill again to Trump's desk. Just yeah, just to bring

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Speaker 1: folks up to speed. I mean, lawmakers returning from congressional

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Speaker 1: recess on Monday, uh and Democrats out with full force,

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Speaker 1: want to see gun control, gun legislation, gun reforms somehow

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Speaker 1: addressed over the next month or so. We were talking

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Speaker 1: about this yesterday. Just the calendar, the calendar and the

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Speaker 1: clock on the Senate and the House floor is so tight.

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Speaker 1: Time is so precious, especially they gotta get those spending

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Speaker 1: bills and whatnot passed. But Jeff Merkley, to your point,

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Speaker 1: Kevin Schaffe's Democratic strategist, Senator Jeff Merkley, the Democrat from Oregon,

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Speaker 1: he was talking about gun control on Capitol Hill earlier today.

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Speaker 1: Take a listen to what he said. President gets one

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Speaker 1: phone call from the n r A and his strong

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Speaker 1: wildy collapses, his spine collapses, and meanwhile, Senate Majority Leader

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Speaker 1: Mitch McConnell, calling all of the Democratic rhetoric quote unquote, theatrics.

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Speaker 1: Take a listen to Leader McConnell. Here's the Senate Majority leader.

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Speaker 1: They are working on coming up with a proposal that

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Speaker 1: the President will sign until that happens. All of this

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Speaker 1: is the tricks MacMan suburban nite Republicans. This is a

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Speaker 1: this is a Is this a winning independence even in suburbs?

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Speaker 1: Is this a winning issue for Democrats? It's an issue

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Speaker 1: that Republicans need to show movement on. I'll speak from

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Speaker 1: experience here. The largest dip at the NRCC when I

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Speaker 1: was there last cycle in terms of the generic ballots

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Speaker 1: so blind our versus de polling was right after Parkland,

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Speaker 1: and that was the worst of the cycle by far.

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Speaker 1: We saw negative sixteen, negative eighteen for Republicans um generic

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Speaker 1: ballot deficits, and that incident, it wasn't the number one

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Speaker 1: issue amongst suburban voters, say places like outside of Houston,

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Speaker 1: you know North Virginia, pockets in North in New Jersey

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Speaker 1: and New York. However, skyrocketed from being maybe a non

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Speaker 1: issue to in the top three, especially among women. So

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Speaker 1: this is something Republicans need to show at least movement on.

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Speaker 1: So how do they move I mean, how how do

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Speaker 1: Republicans do that? Especially in the bourbs. Here's the biggest

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Speaker 1: thing again, President Trump needs to tell Congress what he

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Speaker 1: will sign and exactly here's the problem. No matter what

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Speaker 1: I don't believe Democrats will go for it. I think

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Speaker 1: they don't want they'll they will say it's too timid,

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Speaker 1: they won't want to give. Republicans don't win on this.

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Speaker 1: That's again, even if Republicans move on this, which I

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Speaker 1: believe they need to. So I don't see much getting

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Speaker 1: done on this. I just almost feel that it's such

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Speaker 1: a complex issue. And I mean it's simple in the

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Speaker 1: sense that these mass shooting shouldn't happen. But the complexities

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Speaker 1: of the Second Amendment debate that is being had in

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Speaker 1: the cities versus in rural America are two they're not

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Speaker 1: even remotely the same debate. Two points. The n r

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Speaker 1: A has never been as week politically as it is right.

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Speaker 1: Rough summer, a rough summer. And in what was so

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Speaker 1: interesting was Republicans members in Congress who were so taken

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Speaker 1: off off guard by this having this debate because they

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Speaker 1: never had to talk about it in ten years. Right.

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Speaker 1: Democrats in their hand got emboldened by park on another incidents,

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Speaker 1: so they were totally an offense with this, and it

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Speaker 1: was a very interesting dynamic, one that hasn't been around

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Speaker 1: since ninety four. All right, mac Gorman, what's on your radar,

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Speaker 1: But just as a disclaimer, I do want to note

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Speaker 1: that Michael Bloomberg is the founder and majority owner of

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Speaker 1: Bloomberg News parent Bloomberg lp UH, and he is founded

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Speaker 1: and helps fund every Town for Gun Safety, and nonprofit

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Speaker 1: that advocates for universal background checks and other gun violence

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Speaker 1: prevention measures. Just want to make sure we have that disclaimer.

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Speaker 1: What's on your radar? I don't know if you guys

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Speaker 1: know this, but is still happening right now. It's in

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Speaker 1: North Carolina nine, the ninth district. There is a revote

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Speaker 1: a quote unquote special election going on tonight. UH. It is,

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Speaker 1: according to folks in both parties, extremely tight. It's among

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Speaker 1: Dan McCready and a Republican named Dan Bishop. UM. I

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Speaker 1: think it's gonna tell us a lot about where things

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Speaker 1: are headed right now. It's a nice gut check in

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Speaker 1: the middle of nineteen one thing I'm watching right now,

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Speaker 1: especially Mecklenburg County. So this ninth districts right outside the

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Speaker 1: Charlotte suburbs. Mecklenburg County is really the true suburbs of this. UM.

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Speaker 1: You know, we'll see what happens in the broader a strict,

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Speaker 1: but I think we're a Republican, the Harbor's devote in

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Speaker 1: that county. I'm um, I think so. And we're seeing

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Speaker 1: the way the candidates are discussing the race. It certainly

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Speaker 1: is obvious that they're making it a bell weather. I mean,

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Speaker 1: Dan Bishop has said that he'll go to Congress and

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Speaker 1: he'll defend Donald Trump very earnestly. Uh dam McCready sort

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Speaker 1: of positioning himself as a younger, fresh face, sort of

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Speaker 1: m guy, never been in public office, and you know,

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Speaker 1: we'll bring fresh ideas. Uh. I know. Trump has tried

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Speaker 1: to say that it won't be sort of a bell

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Speaker 1: weather or it's not. Um, it's not. It won't pass

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Speaker 1: judgment on his chances in but I think it will

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Speaker 1: because it's Matt alluded to. The um dynamics in Charlotte

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Speaker 1: are very much like other suburbs in the country. All Right,

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Speaker 1: I want to thank our panel. I'm Kevin Ceili, Chef Washington,

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Speaker 1: correspondent from Bloomberg Television of Bloomberg Radio. You're listening to

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Speaker 1: Bloomberg when I love Last