1 00:00:00,440 --> 00:00:03,160 Speaker 1: Why from our nation's came this budget thing is going 2 00:00:03,200 --> 00:00:05,640 Speaker 1: to do nothing Space Sports. I still think it's interesting 3 00:00:05,680 --> 00:00:08,959 Speaker 1: President Trump not playing his cards yet. Headlines, Policy of 4 00:00:09,160 --> 00:00:15,239 Speaker 1: Politics colliding Floomberg Sound On, the Insiders, the influencers. I 5 00:00:15,240 --> 00:00:17,920 Speaker 1: would rather see a congressional solution. It's part of my DNA. 6 00:00:18,200 --> 00:00:20,840 Speaker 1: The Senate map in looks a lot different than it 7 00:00:20,840 --> 00:00:24,200 Speaker 1: looked in. You really have a divide within Team Trump. 8 00:00:24,280 --> 00:00:26,600 Speaker 1: The president has to do exactly what people sent him 9 00:00:26,600 --> 00:00:28,520 Speaker 1: here to do, which is to get it done. This 10 00:00:28,960 --> 00:00:33,680 Speaker 1: is Bloomberg Sound On with Kevin Shirley on Bloomberg nine 11 00:00:33,760 --> 00:00:36,560 Speaker 1: one and one oh five points of h D two. 12 00:00:37,800 --> 00:00:40,280 Speaker 1: I'm Alex Wayne and for Kevin Sirilli. And Tonight on 13 00:00:40,360 --> 00:00:43,199 Speaker 1: sound On, we'll talk about Donald Trump's latest appeal to 14 00:00:43,200 --> 00:00:46,040 Speaker 1: foreign powers to investigate a political rival, as well as 15 00:00:46,040 --> 00:00:49,440 Speaker 1: the impact on the presidential campaign. Impeachment remains the big 16 00:00:49,479 --> 00:00:53,000 Speaker 1: story in hashtag this town today and earlier today, the 17 00:00:53,040 --> 00:00:55,960 Speaker 1: President stoke the flames by appearing to once again invite 18 00:00:56,040 --> 00:01:01,000 Speaker 1: foreign powers to investigate his political rivals. China just started 19 00:01:01,120 --> 00:01:06,240 Speaker 1: investigation into the bud because what happened to China is 20 00:01:06,360 --> 00:01:10,240 Speaker 1: just about as bad as what happened with uh with 21 00:01:10,360 --> 00:01:14,160 Speaker 1: you prayed? So this reminded me a lot of Trump 22 00:01:14,200 --> 00:01:18,840 Speaker 1: back in famously inviting Russia to find Hillary's thirty emails. 23 00:01:18,840 --> 00:01:22,559 Speaker 1: And gosh, maybe I'm just kind of exhausted at this point. 24 00:01:22,600 --> 00:01:24,520 Speaker 1: But UM, I don't know. I'm having a little trouble 25 00:01:24,600 --> 00:01:26,800 Speaker 1: summoning something in a lot of outrage about what he 26 00:01:26,840 --> 00:01:29,240 Speaker 1: said today. But but tie, let's start off with start 27 00:01:29,280 --> 00:01:31,200 Speaker 1: off with you? What did what did the president do 28 00:01:31,240 --> 00:01:36,760 Speaker 1: wrong here today? Well, he clearly invited a violation of 29 00:01:36,800 --> 00:01:39,720 Speaker 1: federal law. That's would probably be the first thing to 30 00:01:39,760 --> 00:01:46,560 Speaker 1: start with. UM. But I think more to the point, Um, politically, 31 00:01:46,600 --> 00:01:50,280 Speaker 1: I think what he did wrong is he just keeps 32 00:01:51,360 --> 00:01:54,640 Speaker 1: pushing the boundaries more and more, and so far it's 33 00:01:54,680 --> 00:01:57,600 Speaker 1: sort of like a rubber band on your wrist. He's 34 00:01:57,640 --> 00:01:59,280 Speaker 1: pushed it and pushed it and pushed it, and so 35 00:01:59,320 --> 00:02:02,600 Speaker 1: far there's been no snap back. But it seems at 36 00:02:02,640 --> 00:02:06,680 Speaker 1: least from you know, his his base and Republicans in Congress, 37 00:02:06,680 --> 00:02:08,480 Speaker 1: but it seems like there is going to be a 38 00:02:08,560 --> 00:02:12,680 Speaker 1: snap back here pretty soon. Um. Obviously the impeachment inquiries 39 00:02:12,720 --> 00:02:16,280 Speaker 1: have have begun. Um. I think that brings a level 40 00:02:16,360 --> 00:02:19,320 Speaker 1: of seriousness and gravitas to the situation that that he 41 00:02:19,400 --> 00:02:22,440 Speaker 1: doesn't really comprehend. And you know, when you sort of 42 00:02:22,520 --> 00:02:26,000 Speaker 1: operate in the sphere that he came from and many 43 00:02:26,040 --> 00:02:27,960 Speaker 1: of the people that around him sort of in the 44 00:02:28,480 --> 00:02:32,480 Speaker 1: conspiracy world or you know, the right wing bubble or whatever, 45 00:02:32,480 --> 00:02:34,760 Speaker 1: there's not a lot of consequences. But I think that 46 00:02:35,080 --> 00:02:38,080 Speaker 1: you know, people like Roger Stone, et cetera, are starting 47 00:02:38,120 --> 00:02:40,680 Speaker 1: to realize that in the real world, there are real 48 00:02:40,720 --> 00:02:43,600 Speaker 1: consequences to what what the actions are. Colin Reid, is 49 00:02:43,639 --> 00:02:47,360 Speaker 1: there a snap back coming? We'll see? I mean to 50 00:02:47,480 --> 00:02:50,320 Speaker 1: use a poker analogy here. This is kind of upping 51 00:02:50,320 --> 00:02:52,359 Speaker 1: the anti even further than where it was at. And 52 00:02:52,680 --> 00:02:54,880 Speaker 1: I think that you've seen that on both sides from 53 00:02:54,919 --> 00:02:58,840 Speaker 1: the beginning of the week when Nancy Pelosi finally caved 54 00:02:58,840 --> 00:03:01,720 Speaker 1: on impeachment and move forward words, something she'd been reluctant 55 00:03:01,760 --> 00:03:04,160 Speaker 1: to do during her time as speaker. And now Donald 56 00:03:04,160 --> 00:03:06,160 Speaker 1: Trump is up the anti I think what he must 57 00:03:06,160 --> 00:03:09,280 Speaker 1: be concluding is that the collateral damage that Joe Biden 58 00:03:09,320 --> 00:03:11,760 Speaker 1: and it will suffer politically in any sort of discussion 59 00:03:11,760 --> 00:03:15,120 Speaker 1: about this is is worth any damage that he can sustain. 60 00:03:15,760 --> 00:03:18,440 Speaker 1: And you know, we'll see moving forward. But it used 61 00:03:18,480 --> 00:03:21,560 Speaker 1: to be that these issues of oppo research or hey 62 00:03:21,680 --> 00:03:23,880 Speaker 1: let me go look into my political opponent will be 63 00:03:23,919 --> 00:03:26,400 Speaker 1: done behind the scenes by at the staff level. And 64 00:03:26,440 --> 00:03:28,320 Speaker 1: now we're living in a time where it's done by 65 00:03:28,360 --> 00:03:31,440 Speaker 1: the President United States on on national TV. So it 66 00:03:31,560 --> 00:03:34,399 Speaker 1: is certainly unconventional. But I think if anyone on either 67 00:03:34,440 --> 00:03:36,840 Speaker 1: side has observed Donald Trump the last few years, I 68 00:03:36,840 --> 00:03:39,400 Speaker 1: don't know that. I think he's always been very comfortable 69 00:03:39,400 --> 00:03:42,280 Speaker 1: doing the unconventional thing. Is any other Democrat in the 70 00:03:42,320 --> 00:03:45,040 Speaker 1: field at this point considered a less a less, I 71 00:03:45,080 --> 00:03:47,680 Speaker 1: don't know, less threatening rival than than Joe Biden? Is 72 00:03:47,680 --> 00:03:52,200 Speaker 1: that the thinking here, Colin Um. The conventional wisdom is 73 00:03:52,240 --> 00:03:55,160 Speaker 1: that Joe Biden is the strongest candidate. I personally don't 74 00:03:55,160 --> 00:03:56,640 Speaker 1: believe that, and we can get to that later in 75 00:03:56,680 --> 00:03:59,120 Speaker 1: the show. I think Elizabeth Warren, you know, she's the 76 00:03:59,120 --> 00:04:00,800 Speaker 1: one who's in the cap bird seat as a result 77 00:04:00,800 --> 00:04:03,120 Speaker 1: of everything that's happened this week, because both of the 78 00:04:03,120 --> 00:04:06,400 Speaker 1: people standing in her way to become president, Joe Biden 79 00:04:06,400 --> 00:04:09,840 Speaker 1: and Donald Trump are are are having spent their week 80 00:04:09,880 --> 00:04:11,480 Speaker 1: at each other's throats, and she's the one who's kind 81 00:04:11,480 --> 00:04:14,040 Speaker 1: of sitting back and enjoying it all. Um. But look, 82 00:04:14,080 --> 00:04:16,720 Speaker 1: I do think that regardless of what you think of 83 00:04:16,760 --> 00:04:20,159 Speaker 1: what happened today or what happened what he's what Trump 84 00:04:20,200 --> 00:04:23,880 Speaker 1: is talking about with China, any discussion about Hunter Biden 85 00:04:23,960 --> 00:04:25,680 Speaker 1: is not a good day for Joe Biden either. And 86 00:04:25,720 --> 00:04:27,960 Speaker 1: I think even you know Democrats, we can see that 87 00:04:28,040 --> 00:04:30,560 Speaker 1: Hunter Biden has had some issues. And I think we've 88 00:04:30,600 --> 00:04:33,640 Speaker 1: seen from sixteen that when you're just discussing the intersection 89 00:04:33,640 --> 00:04:36,920 Speaker 1: of money in politics and whether a family personally profited 90 00:04:36,920 --> 00:04:39,760 Speaker 1: by their government service is something that voters don't like. 91 00:04:39,839 --> 00:04:42,440 Speaker 1: And Donald Trumps used it to great effect with Hillary Clinton, 92 00:04:42,480 --> 00:04:44,360 Speaker 1: and he's gonna try and replicate the same playbook with 93 00:04:44,400 --> 00:04:48,320 Speaker 1: Joe Biden. Tie is it gonna work? Um? I don't 94 00:04:48,600 --> 00:04:51,360 Speaker 1: think it's gonna work the way he thinks it's gonna work. 95 00:04:51,400 --> 00:04:56,039 Speaker 1: And I think that there are two reasons why. One, Um, 96 00:04:56,080 --> 00:05:00,960 Speaker 1: I think that the media has learned a little bit 97 00:05:01,000 --> 00:05:04,920 Speaker 1: about how to cover these issues. UM. And I think 98 00:05:04,960 --> 00:05:09,000 Speaker 1: that they have uh, you know, seeing um that it 99 00:05:09,080 --> 00:05:13,920 Speaker 1: is important how you frame it for for readers or listeners. Um. 100 00:05:13,960 --> 00:05:18,400 Speaker 1: And Then secondly, I don't think that he realizes that 101 00:05:18,480 --> 00:05:23,680 Speaker 1: as president of the United States, there are constraints that 102 00:05:23,680 --> 00:05:27,400 Speaker 1: that come with that. So when you, um, you know, 103 00:05:27,480 --> 00:05:30,640 Speaker 1: shout at a rally, Hey, you know Russia, if you're listening, 104 00:05:30,680 --> 00:05:34,960 Speaker 1: find those thirty thousand emails there are you know, the 105 00:05:35,040 --> 00:05:38,360 Speaker 1: consequences of that, are you know, bad news stories, etcetera. 106 00:05:38,600 --> 00:05:41,400 Speaker 1: When you do this as president, it brings with it 107 00:05:41,560 --> 00:05:46,760 Speaker 1: legal ramifications, and then what the news becomes is the impeachment, 108 00:05:47,000 --> 00:05:49,240 Speaker 1: not the charge. And I think that the you know, 109 00:05:49,320 --> 00:05:53,039 Speaker 1: the charge has been sort of so debunked um and 110 00:05:53,120 --> 00:05:56,440 Speaker 1: he has gone about it in such a hand handed way, 111 00:05:56,480 --> 00:05:59,159 Speaker 1: for lack of a better term, that if he wanted 112 00:05:59,160 --> 00:06:01,000 Speaker 1: to land this, if he wanted to make this at 113 00:06:01,080 --> 00:06:04,640 Speaker 1: the issue of the campaign, he's sort of stepping on 114 00:06:04,720 --> 00:06:06,880 Speaker 1: his own. Toes Jordan, what do we what do we 115 00:06:06,880 --> 00:06:09,800 Speaker 1: think the White House strategy is here that the president's 116 00:06:09,839 --> 00:06:12,280 Speaker 1: thinking as here to the extent we know. Why does 117 00:06:12,320 --> 00:06:14,800 Speaker 1: he come out in public and say these things? Why 118 00:06:14,839 --> 00:06:16,240 Speaker 1: does he Why does he why does he invite you 119 00:06:17,000 --> 00:06:20,360 Speaker 1: China in front of dozens of reporters to investigate a 120 00:06:20,400 --> 00:06:24,000 Speaker 1: political right? Well, first, I don't think the president believes 121 00:06:24,040 --> 00:06:28,000 Speaker 1: that he's done anything wrong here. Uh, go back to 122 00:06:28,080 --> 00:06:31,800 Speaker 1: his press conference yesterday where he you know, just fiercely 123 00:06:32,240 --> 00:06:36,599 Speaker 1: denied basically any wrongdoing. Uh. He said he thought he 124 00:06:36,680 --> 00:06:39,400 Speaker 1: was off the legal hook once the Miller investigations over, 125 00:06:39,560 --> 00:06:42,200 Speaker 1: and this really amounts to nothing. So I think he, 126 00:06:42,800 --> 00:06:46,080 Speaker 1: deep down he truly doesn't understand why this is a problem. 127 00:06:46,360 --> 00:06:48,640 Speaker 1: This is how he operated in private business, trying to 128 00:06:48,680 --> 00:06:51,280 Speaker 1: seek leverage over the people he was dealing with, and 129 00:06:51,640 --> 00:06:54,840 Speaker 1: I don't think he quite grasped that the presidency is 130 00:06:55,200 --> 00:06:57,600 Speaker 1: different and there are different rules that apply. As far 131 00:06:57,640 --> 00:06:59,400 Speaker 1: as what the White House is doing, I think they're 132 00:06:59,400 --> 00:07:01,679 Speaker 1: really taking the us from the president. We haven't seen 133 00:07:01,720 --> 00:07:05,000 Speaker 1: them form any kind of war room or bringing extra 134 00:07:05,040 --> 00:07:08,320 Speaker 1: staff to tackle this impeachment inquiry, and they're they're letting 135 00:07:08,360 --> 00:07:11,000 Speaker 1: the president call the shots and and following his lead. 136 00:07:11,280 --> 00:07:13,240 Speaker 1: Right the president, the president is the warm room, Right 137 00:07:13,280 --> 00:07:16,560 Speaker 1: the president is the impeachments are Colin Colin is that? 138 00:07:16,760 --> 00:07:18,720 Speaker 1: Is that going to continue to work for him? That's well, 139 00:07:18,760 --> 00:07:20,960 Speaker 1: that's been true from the start of his presidency. He's 140 00:07:21,000 --> 00:07:24,400 Speaker 1: always been his best spokesperson. He's always been his best 141 00:07:24,440 --> 00:07:27,880 Speaker 1: on air and in social media presence. So I don't 142 00:07:27,880 --> 00:07:30,200 Speaker 1: think we should expect anything different because he he has 143 00:07:30,240 --> 00:07:35,920 Speaker 1: the lottest megaphone by far. And you have seen a 144 00:07:36,000 --> 00:07:39,240 Speaker 1: bit of a modeled message from Republicans on the impeachment 145 00:07:39,720 --> 00:07:42,840 Speaker 1: UM defense since it began in earnest at the beginning 146 00:07:42,840 --> 00:07:45,320 Speaker 1: of the week. And I think we'd like to look 147 00:07:45,360 --> 00:07:48,000 Speaker 1: back at the Clinton president the Clinton impeachment from night 148 00:07:48,080 --> 00:07:51,840 Speaker 1: and draw comparisons and study history to to understand how, how, 149 00:07:51,920 --> 00:07:53,400 Speaker 1: how what's going to happen in front of us is 150 00:07:53,400 --> 00:07:56,320 Speaker 1: gonna unfold. And back then, the Democrats, to their credit, 151 00:07:56,360 --> 00:07:59,960 Speaker 1: had a very very succinct, consistent discipline message that they 152 00:08:00,120 --> 00:08:02,920 Speaker 1: used to deploy. Uh. And the Republicans were kinda all 153 00:08:02,960 --> 00:08:04,160 Speaker 1: over the place. And I think that's one of the 154 00:08:04,240 --> 00:08:07,320 Speaker 1: reasons that President Clinton was able to survive what he 155 00:08:07,400 --> 00:08:12,400 Speaker 1: went through. UM. But again, Donald Trump unconventional president, unconventional candidates, 156 00:08:12,400 --> 00:08:14,880 Speaker 1: So I think you can continue to expect unconventional tactics. 157 00:08:14,960 --> 00:08:17,600 Speaker 1: Are they are the tables flipped? No, outside of the 158 00:08:17,840 --> 00:08:20,800 Speaker 1: Democrats have a cohesive message here and and Trump and 159 00:08:20,800 --> 00:08:23,800 Speaker 1: the Republicans black one. Uh. Can can I just go 160 00:08:23,880 --> 00:08:26,120 Speaker 1: back to what constant really quick? I think one of 161 00:08:26,160 --> 00:08:32,280 Speaker 1: the other really um big differences is the median landscape 162 00:08:32,320 --> 00:08:36,320 Speaker 1: has changed dramatically. There was no Facebook, there was no Twitter, 163 00:08:36,400 --> 00:08:41,439 Speaker 1: there was no cable news, there was no internet. Quite honestly, Um, 164 00:08:41,520 --> 00:08:46,880 Speaker 1: when when the peacement went down, yeah, totally, Um, the show, 165 00:08:47,000 --> 00:08:49,680 Speaker 1: you know, as long as you got the UM. The 166 00:08:49,760 --> 00:08:52,600 Speaker 1: statement to the CBS Evening News, talked to the one 167 00:08:52,600 --> 00:08:56,960 Speaker 1: Washington reporter before eight pm that night. The message was cohesive, 168 00:08:57,040 --> 00:09:01,080 Speaker 1: The message was disciplined. I think that it is very 169 00:09:01,120 --> 00:09:05,120 Speaker 1: hard for any person or any party to stay on 170 00:09:05,160 --> 00:09:09,120 Speaker 1: a message because one, there are so many outlets out there, 171 00:09:09,440 --> 00:09:12,960 Speaker 1: and there are so many direct to voter communications, right. Um. 172 00:09:13,200 --> 00:09:16,080 Speaker 1: So I think that that's a challenge for any political 173 00:09:16,080 --> 00:09:20,880 Speaker 1: party around any issue. Um. Do Democrats have message? Look? Um, 174 00:09:20,920 --> 00:09:24,560 Speaker 1: I think that that the challenge there is we don't 175 00:09:24,800 --> 00:09:30,640 Speaker 1: have a lead messenger. I mean, you've got Humor and Pelosi, 176 00:09:30,760 --> 00:09:33,520 Speaker 1: but you've also got you know, Shift and Waters and 177 00:09:33,640 --> 00:09:38,000 Speaker 1: Nadler and you know, Dick Durban and all these other 178 00:09:38,000 --> 00:09:42,200 Speaker 1: folks who have microphones, Um, and that can be amplified. 179 00:09:42,280 --> 00:09:44,200 Speaker 1: So each one of them is going to take it 180 00:09:44,320 --> 00:09:46,439 Speaker 1: sort of on their own personal view. And so you're 181 00:09:46,440 --> 00:09:50,200 Speaker 1: gonna find divergence within the Democratic caucus. Um. But in 182 00:09:50,240 --> 00:09:53,520 Speaker 1: a way that's a little easier than the Republicans because 183 00:09:53,559 --> 00:09:56,040 Speaker 1: the Republicans are always going to be looking to Donald 184 00:09:56,040 --> 00:09:59,079 Speaker 1: Trump and he changes his story like that, So all 185 00:09:59,080 --> 00:10:02,160 Speaker 1: of a sudden, everybody's singing off the same songbook and 186 00:10:02,160 --> 00:10:04,360 Speaker 1: then he's like, hey, let's bring in a little guns 187 00:10:04,360 --> 00:10:07,600 Speaker 1: and roses, and the whole song book is gone. So 188 00:10:07,720 --> 00:10:09,760 Speaker 1: I think that that is that is the challenge for 189 00:10:09,800 --> 00:10:12,800 Speaker 1: the Republicans is they want to tow the line, but 190 00:10:13,200 --> 00:10:14,640 Speaker 1: they don't know where the line is going to be. 191 00:10:14,720 --> 00:10:17,679 Speaker 1: Each day, Great Ahead on sound On, we'll talk about 192 00:10:17,679 --> 00:10:19,600 Speaker 1: the response to Trump's from marks on the Hill and 193 00:10:19,679 --> 00:10:23,439 Speaker 1: on the campaign trail. Download the sound On podcast at iTunes, 194 00:10:23,679 --> 00:10:27,079 Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app. 195 00:10:27,160 --> 00:10:29,760 Speaker 1: You can also find us on Radio dot Com, I 196 00:10:29,960 --> 00:10:33,520 Speaker 1: Heart Radio, and Spotify. I'm Alex Waine, and you're listening 197 00:10:33,520 --> 00:10:40,240 Speaker 1: to Bloomberg. You're listening to Bloomberg Sound On with Kevin 198 00:10:40,240 --> 00:10:44,120 Speaker 1: Sireley on Bloomberg and one or five point seven f 199 00:10:44,320 --> 00:10:47,160 Speaker 1: m h D two. You're back with sound On, and 200 00:10:47,160 --> 00:10:50,120 Speaker 1: I'm Alex Waine sitting in for Kevin's Really with me 201 00:10:50,160 --> 00:10:52,800 Speaker 1: in the studio are Democratic Strategist Time at Store, Republican 202 00:10:52,840 --> 00:10:55,640 Speaker 1: Strategist Colin Reid, and White House Reporter for Bloomberg News 203 00:10:55,720 --> 00:10:59,000 Speaker 1: Jordan Fabian. Yesterday, the President called Joe Biden and a 204 00:10:59,120 --> 00:11:03,520 Speaker 1: son hunter stone cold cricket. The former vice president fired 205 00:11:03,520 --> 00:11:06,320 Speaker 1: back today after Trump's from marks on China and Ukraine. 206 00:11:06,360 --> 00:11:08,560 Speaker 1: Let's listen to what he said. You're not going to 207 00:11:08,600 --> 00:11:11,800 Speaker 1: destroy me and you're not going to destroy my family. 208 00:11:12,440 --> 00:11:15,240 Speaker 1: I don't care how much money you spend, Mr President, 209 00:11:15,760 --> 00:11:18,400 Speaker 1: or how dirty do you attack get We've got a 210 00:11:18,400 --> 00:11:21,480 Speaker 1: lot of polling since this impeachment and Querry began, both 211 00:11:21,600 --> 00:11:24,720 Speaker 1: in the race and both on on how impeachment is 212 00:11:24,800 --> 00:11:27,760 Speaker 1: playing with voters. Jordan kend catch us up a little 213 00:11:27,760 --> 00:11:30,920 Speaker 1: bit on on how the polls look for both Trump 214 00:11:31,040 --> 00:11:32,960 Speaker 1: and his impeachment and what what this is, what kind 215 00:11:32,960 --> 00:11:35,520 Speaker 1: of effect this is having on the race. Sure, so 216 00:11:35,559 --> 00:11:39,840 Speaker 1: we've seen some public polls showing some movement toward impeachment 217 00:11:40,040 --> 00:11:44,920 Speaker 1: the USA today IPSOS polls showed that plurality support the 218 00:11:44,960 --> 00:11:48,320 Speaker 1: House vote and around the same would support the Senate 219 00:11:49,000 --> 00:11:51,360 Speaker 1: voting to remove Trump from office. And and the way 220 00:11:51,400 --> 00:11:54,440 Speaker 1: it's affecting the election is we're seeing some key demographic groups, 221 00:11:54,840 --> 00:11:58,040 Speaker 1: uh start to voice support for impeachment. For example, you know, 222 00:11:58,120 --> 00:12:00,720 Speaker 1: college educated white So there's an MPR Maris poll this 223 00:12:00,760 --> 00:12:05,240 Speaker 1: week that should fift um support the House's impeachment investigation. That's, 224 00:12:05,240 --> 00:12:08,200 Speaker 1: of course a group that President Trump won narrowly over 225 00:12:08,280 --> 00:12:12,400 Speaker 1: Hillary Clinton. And if the president is going to have success, 226 00:12:12,400 --> 00:12:14,920 Speaker 1: it's a key states like Pennsylvania and the suburbs there. 227 00:12:15,120 --> 00:12:17,520 Speaker 1: That's a group he needs to hold onto. So if 228 00:12:17,520 --> 00:12:19,559 Speaker 1: I was the Trump campaign, I'd be looking at those 229 00:12:19,640 --> 00:12:23,000 Speaker 1: numbers and worrying a bit about the direction this is heading. 230 00:12:23,600 --> 00:12:26,920 Speaker 1: And and tie Elizabeth Warren is surgeon in the polls 231 00:12:26,920 --> 00:12:28,720 Speaker 1: in the last couple of weeks. She's a couple of 232 00:12:28,720 --> 00:12:30,840 Speaker 1: polls showing her head And Niowa Haead in New Hampshire. 233 00:12:31,240 --> 00:12:34,920 Speaker 1: Has the president succeeded and kneecapping his his what he 234 00:12:34,920 --> 00:12:36,520 Speaker 1: thought at the time was his top rival in the 235 00:12:36,559 --> 00:12:42,160 Speaker 1: Democratic primary? I don't think so. Um. And here's why, Well, 236 00:12:42,520 --> 00:12:46,320 Speaker 1: it really depends. And what we don't know the answer 237 00:12:46,440 --> 00:12:52,040 Speaker 1: to yet is how do Democratic voters interpret the Trump 238 00:12:52,080 --> 00:12:55,640 Speaker 1: attacks on Biden? Because if you look at every poll 239 00:12:55,800 --> 00:12:59,560 Speaker 1: from the beginning of this election cycle, um, on what 240 00:12:59,679 --> 00:13:03,319 Speaker 1: Demo Aocratic voters care about in the nominee, the number 241 00:13:03,360 --> 00:13:05,679 Speaker 1: one thing, hands down is that they can beat Trump. 242 00:13:05,920 --> 00:13:08,000 Speaker 1: That's more important to them than any issue. It's more 243 00:13:08,040 --> 00:13:12,000 Speaker 1: important to them than any ideology, any you know, age whatever. 244 00:13:12,440 --> 00:13:15,480 Speaker 1: The most important thing to them is can they beat 245 00:13:15,520 --> 00:13:19,839 Speaker 1: Donald Trump? And so if voters interpret this onslaught from 246 00:13:19,880 --> 00:13:23,719 Speaker 1: Trump as wow, Biden must be the strongest candidate. That's 247 00:13:23,720 --> 00:13:25,800 Speaker 1: why Trump's trying to pick a fight with them, then 248 00:13:25,840 --> 00:13:29,040 Speaker 1: I think that is good for Joe Biden. If voters 249 00:13:29,080 --> 00:13:33,199 Speaker 1: interpreted as oh man, Trump's really exposing some weaknesses and 250 00:13:33,240 --> 00:13:34,920 Speaker 1: this is the buzz saw that Biden is going to 251 00:13:35,040 --> 00:13:37,520 Speaker 1: face in the general, maybe we should go somewhere else, 252 00:13:37,720 --> 00:13:39,600 Speaker 1: then I think that it is bad for Joe Biden. 253 00:13:39,840 --> 00:13:44,880 Speaker 1: But what we don't know is how Democratic primary voters 254 00:13:45,160 --> 00:13:48,440 Speaker 1: will interpret this attack. Colin, how do you think how 255 00:13:48,440 --> 00:13:50,880 Speaker 1: do you think Joe Biden is handling this so far 256 00:13:51,080 --> 00:13:53,960 Speaker 1: on the campaign trail. I've been struck by the level 257 00:13:54,000 --> 00:13:57,040 Speaker 1: of defensiveness. I mean, they seem like they recognize this 258 00:13:57,080 --> 00:13:59,880 Speaker 1: could be a political problem for them in a responding force. 259 00:14:00,000 --> 00:14:02,560 Speaker 1: I mean, I thought the letter the other day demanding 260 00:14:02,559 --> 00:14:05,280 Speaker 1: that the TV stations not put Rudy Giuliani on TV 261 00:14:05,480 --> 00:14:08,959 Speaker 1: was odd because on one hand, the Democrats like to 262 00:14:09,000 --> 00:14:14,920 Speaker 1: say Rudy is crazy and right and then the other hand, 263 00:14:14,920 --> 00:14:16,880 Speaker 1: you've got Joe Biden's team say no, no no, no, keep 264 00:14:16,920 --> 00:14:18,760 Speaker 1: this guy off TV. So it was just it was 265 00:14:19,000 --> 00:14:23,360 Speaker 1: it was a bizarre mixed messaging. So there's that. But 266 00:14:23,520 --> 00:14:27,040 Speaker 1: in terms of um Team Biden, the thing is like, 267 00:14:27,120 --> 00:14:30,120 Speaker 1: it's not just gonna be Donald Trump in his campaign 268 00:14:30,160 --> 00:14:32,800 Speaker 1: that's making this case. It's gonna be mainstream reporters. I mean, 269 00:14:32,840 --> 00:14:35,040 Speaker 1: what hunter Biden was doing in the Ukraine, why he 270 00:14:35,120 --> 00:14:37,640 Speaker 1: was being paid fifty dollars a month about energy when 271 00:14:37,680 --> 00:14:40,760 Speaker 1: he knows nothing about energy, is a legitimate issue. It's 272 00:14:40,760 --> 00:14:43,440 Speaker 1: been explored by outlets like the New Yorker, of all places, 273 00:14:43,960 --> 00:14:47,160 Speaker 1: where a lot of this stuff began originating earlier this summer. 274 00:14:47,440 --> 00:14:49,680 Speaker 1: Now this new, this new thing in China and what 275 00:14:49,720 --> 00:14:53,000 Speaker 1: he was doing over there on an official vice presidential trip, 276 00:14:53,480 --> 00:14:55,480 Speaker 1: as he was setting up a private equity from over there, Like, 277 00:14:55,520 --> 00:14:57,320 Speaker 1: reporters are going to dig into that and it's gonna 278 00:14:57,400 --> 00:15:00,320 Speaker 1: lead to fresh rounds of stories. And I think the 279 00:15:00,360 --> 00:15:02,520 Speaker 1: team must be hoping for a similar kind of drip 280 00:15:02,600 --> 00:15:04,560 Speaker 1: drip trip that we saw with Hillary Clinton the emails 281 00:15:04,560 --> 00:15:06,920 Speaker 1: in sixteen, when it just never seemed to go away. 282 00:15:07,120 --> 00:15:10,200 Speaker 1: Here's the thing I wonder about pulling. As Jordan's said, 283 00:15:10,240 --> 00:15:14,320 Speaker 1: the polls seem to be moving against Trump toward uh, 284 00:15:14,360 --> 00:15:17,760 Speaker 1: the American public favoring impeachment, but doesn't matter. I mean, 285 00:15:17,800 --> 00:15:20,040 Speaker 1: is there is there some level of pulling at which 286 00:15:20,640 --> 00:15:23,520 Speaker 1: House Democrats will get cold feet and drop the inquiry, 287 00:15:23,720 --> 00:15:25,920 Speaker 1: or is there some level of pulling where where Senate 288 00:15:25,920 --> 00:15:29,480 Speaker 1: Republicans will will start thinking about a yes for conviction tie. 289 00:15:30,680 --> 00:15:33,400 Speaker 1: I don't think any amount of pulling pulls back an 290 00:15:33,400 --> 00:15:37,000 Speaker 1: impeachment inquiry like you cannot, And that's why they're all 291 00:15:37,000 --> 00:15:39,120 Speaker 1: in now they can. Yeah, that's why the leader was 292 00:15:39,240 --> 00:15:44,040 Speaker 1: so um thoughtful and deliberate about when she was going 293 00:15:44,080 --> 00:15:47,880 Speaker 1: to launch this because she knows um that once that 294 00:15:48,160 --> 00:15:50,440 Speaker 1: toothpas is out of the tube, it's not coming back 295 00:15:50,440 --> 00:15:53,960 Speaker 1: in um. It's also very and I'd be curious Jordan's 296 00:15:54,000 --> 00:15:56,000 Speaker 1: take on this, who looks a lot of pulling to 297 00:15:56,040 --> 00:16:00,560 Speaker 1: her colin. It's also really hard to fully age public 298 00:16:00,640 --> 00:16:03,840 Speaker 1: opinion on impeachment because a lot of the public doesn't 299 00:16:03,880 --> 00:16:06,720 Speaker 1: fully understand what it means. Some of them thinks that 300 00:16:06,800 --> 00:16:09,600 Speaker 1: it means automatically trumps out of the office. Um. Some 301 00:16:09,720 --> 00:16:12,560 Speaker 1: of it means that it is just another level of investigation, 302 00:16:12,680 --> 00:16:17,120 Speaker 1: like there is a lot of confusion about and and 303 00:16:17,200 --> 00:16:21,160 Speaker 1: the wording of the questioning matters, So pulling, I think 304 00:16:21,400 --> 00:16:24,600 Speaker 1: on an issue like this is gonna be I mean 305 00:16:24,640 --> 00:16:26,920 Speaker 1: like it's you've got to pay attention to it to 306 00:16:26,920 --> 00:16:30,040 Speaker 1: to some degree. You can look for patterns, but I 307 00:16:30,080 --> 00:16:32,560 Speaker 1: think that we've got to um look at it with 308 00:16:32,640 --> 00:16:37,320 Speaker 1: the appropriate amount of um not skepticism, but just understanding 309 00:16:37,360 --> 00:16:40,240 Speaker 1: that the data might not be rich and full because 310 00:16:40,280 --> 00:16:43,080 Speaker 1: the respondents might not be fully informed on their response. 311 00:16:43,280 --> 00:16:47,160 Speaker 1: Thank you, all Right ahead, we will interview campaign spoke 312 00:16:47,200 --> 00:16:50,360 Speaker 1: Trump campaign spokesman Mark Lauder, and we'll talk about first 313 00:16:50,400 --> 00:16:53,520 Speaker 1: witness to be deposed in the House Impeachment inquiry, Kurt Bolker. 314 00:16:54,160 --> 00:16:57,160 Speaker 1: Download the Sound On podcast on iTunes, at Bloomberg dot 315 00:16:57,240 --> 00:16:59,880 Speaker 1: com or by downloading the Bloomberg Business app. You can 316 00:17:00,040 --> 00:17:02,520 Speaker 1: so find us on Radio dot com, I Heart Radio, 317 00:17:02,600 --> 00:17:05,520 Speaker 1: and Spotify. I'm Alex Waine, and you're listening to Bloomberg 318 00:17:05,560 --> 00:17:12,439 Speaker 1: nine nine one. You're listening to Bloomberg Sound On with 319 00:17:12,520 --> 00:17:16,600 Speaker 1: Kevin Surley on Bloomberg and one oh five points seven 320 00:17:16,720 --> 00:17:19,800 Speaker 1: m m h D two. Welcome back to Sound On. 321 00:17:19,920 --> 00:17:22,840 Speaker 1: I'm Alex Wayne sitting in for Kevin Silli. The House 322 00:17:22,880 --> 00:17:27,119 Speaker 1: Committee is conducting the Impeachment Caretan and Impeachment Inquiry, and 323 00:17:27,280 --> 00:17:31,040 Speaker 1: President Donald Trump deposed their first witness today, Kurt Volker, 324 00:17:31,240 --> 00:17:35,239 Speaker 1: until recently Trump's special envoy to Ukraine. Republicans thought this 325 00:17:35,280 --> 00:17:38,159 Speaker 1: interview was kind of a bust. Let's hear from Representative 326 00:17:38,240 --> 00:17:41,760 Speaker 1: Jim Jordan's but not one thing he has said comports 327 00:17:41,800 --> 00:17:45,320 Speaker 1: with any of the democrats impeachment narrative. Not one thing. 328 00:17:46,720 --> 00:17:49,280 Speaker 1: So that's all well and good. But while this deposition 329 00:17:49,320 --> 00:17:52,200 Speaker 1: was going on, ABC News and Fox News reported that 330 00:17:52,280 --> 00:17:55,720 Speaker 1: Volker provided some text messages to the committees, uh suggesting 331 00:17:55,760 --> 00:17:58,480 Speaker 1: that the top diplomat in Kiev right now, Bill Taylor 332 00:17:59,200 --> 00:18:01,600 Speaker 1: thought that Trump was withholding military from Ukraine in order 333 00:18:01,640 --> 00:18:04,480 Speaker 1: to pressure the country's president and new investigating the bidens. 334 00:18:04,480 --> 00:18:07,760 Speaker 1: A quote from those tex text messages, Bill Taylor wrote, 335 00:18:07,800 --> 00:18:10,600 Speaker 1: Kurt Volker quote, I think it's crazy to withhold security 336 00:18:10,600 --> 00:18:14,040 Speaker 1: assistance for help with a political campaign. Online, we have 337 00:18:14,600 --> 00:18:17,560 Speaker 1: Mark Latter, who is the strategic communications director for the 338 00:18:17,560 --> 00:18:21,280 Speaker 1: Trump campaign. Mark, thank you for joining us, Thank you 339 00:18:21,320 --> 00:18:24,960 Speaker 1: having me Alex uh So, let me just ask what 340 00:18:25,000 --> 00:18:27,440 Speaker 1: did you what did you learn? What did the campaign 341 00:18:27,560 --> 00:18:31,400 Speaker 1: learn from from this first deposition in this impeachment inquiry? Uh, 342 00:18:31,840 --> 00:18:34,560 Speaker 1: did it change you're thinking at all about this proceeding 343 00:18:34,560 --> 00:18:37,240 Speaker 1: in the House. Well, obviously this was held in the 344 00:18:37,280 --> 00:18:39,480 Speaker 1: on Capitol Hill behind closed doors, so we're basically going 345 00:18:39,520 --> 00:18:42,040 Speaker 1: on what we're reading in some early media accounts. But 346 00:18:42,080 --> 00:18:44,359 Speaker 1: I think there's been multiple uh folks who are in 347 00:18:44,400 --> 00:18:47,520 Speaker 1: the room say that this has been punched out giant 348 00:18:47,560 --> 00:18:52,119 Speaker 1: hole in Adam Shift's impeachment inquiry, and his basically his 349 00:18:52,240 --> 00:18:56,439 Speaker 1: already flimsy uh basis for impeachment is falling apart underneath it. 350 00:18:56,960 --> 00:18:58,439 Speaker 1: But we'll see how it plays out. But I have 351 00:18:58,520 --> 00:19:01,199 Speaker 1: no doubt that this is a just another example of 352 00:19:01,240 --> 00:19:05,200 Speaker 1: Adam Schiff basically getting in front of himself and and 353 00:19:05,200 --> 00:19:07,480 Speaker 1: and the truth not being anywhere near him. Now, we 354 00:19:07,520 --> 00:19:11,000 Speaker 1: were talking earlier about some impeachment polling. The polls have 355 00:19:11,119 --> 00:19:14,959 Speaker 1: shown that there's some movement against the president among public opinion. 356 00:19:15,000 --> 00:19:18,280 Speaker 1: It seems like the public is is the trend seems 357 00:19:18,280 --> 00:19:21,879 Speaker 1: to be towards support for impeachment. Um. Does that give you, 358 00:19:21,880 --> 00:19:24,919 Speaker 1: guys any concern? Do you have any data that would 359 00:19:25,000 --> 00:19:28,680 Speaker 1: that would contradict those those public polls? I would I 360 00:19:28,680 --> 00:19:30,600 Speaker 1: would contradict it with just what we have seen on 361 00:19:30,640 --> 00:19:33,119 Speaker 1: the ground already. I mean, just in the in the 362 00:19:33,200 --> 00:19:37,760 Speaker 1: first few days after Nancy Pelosi announced this impeachment inquiry, 363 00:19:37,840 --> 00:19:40,879 Speaker 1: before the facts even started to come out, we had 364 00:19:40,920 --> 00:19:44,720 Speaker 1: raised about thirteen million dollars. Fifty thousand new donors reached 365 00:19:44,720 --> 00:19:47,480 Speaker 1: out to the campaign for the first time ever. I mean, 366 00:19:47,480 --> 00:19:50,800 Speaker 1: those are large numbers of people who are seeing what 367 00:19:50,880 --> 00:19:54,159 Speaker 1: the Democrats and many in the mainstream media are doing 368 00:19:54,480 --> 00:19:58,479 Speaker 1: in this NonStop drive toward the impeachment, and they're standing 369 00:19:58,520 --> 00:20:00,479 Speaker 1: up and reaching out and saying, no, I to support 370 00:20:00,520 --> 00:20:03,480 Speaker 1: this president. You guys raised a hundred and twenty five 371 00:20:03,560 --> 00:20:06,159 Speaker 1: million dollars in the last quarter. I think I have 372 00:20:06,240 --> 00:20:09,520 Speaker 1: that right between the Trump campaign and the Republican National 373 00:20:09,560 --> 00:20:13,879 Speaker 1: Committee right now, you're kind of burying the Democrats in 374 00:20:13,920 --> 00:20:17,840 Speaker 1: an avalanche of cash, it seems absolutely, And I think 375 00:20:17,840 --> 00:20:20,119 Speaker 1: Twofold one of his shows obviously these strengths at the 376 00:20:20,119 --> 00:20:22,600 Speaker 1: president has across the country that he is setting all 377 00:20:22,640 --> 00:20:25,960 Speaker 1: of these records with fundraising and this this even just 378 00:20:26,080 --> 00:20:29,359 Speaker 1: dwarfs what Barack Obama did during his reelection at a 379 00:20:29,400 --> 00:20:32,320 Speaker 1: similar time. But I think it also shows that this 380 00:20:32,320 --> 00:20:35,280 Speaker 1: this campaign is going to be fully is fully capable 381 00:20:35,480 --> 00:20:39,399 Speaker 1: of investing in making the the the investors on the 382 00:20:39,440 --> 00:20:42,080 Speaker 1: ground that you need to make to put him over 383 00:20:42,119 --> 00:20:44,760 Speaker 1: the edge in in next November. I mean, we just 384 00:20:44,800 --> 00:20:47,119 Speaker 1: announced a few minutes ago that we're already going to 385 00:20:47,160 --> 00:20:49,919 Speaker 1: start airing ads in many key states that are going 386 00:20:49,960 --> 00:20:53,080 Speaker 1: to show people what Joe Biden is really doing. So 387 00:20:53,160 --> 00:20:55,760 Speaker 1: what's going to happen in early states like Nevada, in 388 00:20:55,840 --> 00:20:59,720 Speaker 1: New Hampshire, Iowa, South Caroline, up Um, we have the 389 00:20:59,760 --> 00:21:02,000 Speaker 1: money to be able to make those investments. We've already 390 00:21:02,000 --> 00:21:05,040 Speaker 1: gone up with with other ads. We're putting people on 391 00:21:05,080 --> 00:21:09,400 Speaker 1: the ground to help sign up volunteers, train volunteers. These 392 00:21:09,400 --> 00:21:11,840 Speaker 1: are the things that you know an incumbent candidate has 393 00:21:11,880 --> 00:21:14,639 Speaker 1: the ability to do, and we're doing it in record fashion. 394 00:21:15,119 --> 00:21:16,720 Speaker 1: Since you brought up those ads, I'll just ask you. 395 00:21:16,800 --> 00:21:18,560 Speaker 1: Right before I got into studio, there was a CNN 396 00:21:18,760 --> 00:21:21,120 Speaker 1: excuse me, a Times report I think that CNN had 397 00:21:21,359 --> 00:21:25,920 Speaker 1: refused to run those ads citing in accuracies. Uh any 398 00:21:25,960 --> 00:21:30,000 Speaker 1: response to that, I mean, CNN is is so full 399 00:21:30,040 --> 00:21:33,399 Speaker 1: of inaccuracy it's it's hardly even considered a news network 400 00:21:33,440 --> 00:21:36,040 Speaker 1: any longer. But the ads that we're talking about and 401 00:21:36,080 --> 00:21:38,480 Speaker 1: I think it's very important for people to understand you 402 00:21:38,560 --> 00:21:42,320 Speaker 1: had a sitting vice president of the United States, whose 403 00:21:42,359 --> 00:21:45,680 Speaker 1: son with no experience and no background in Ukraine or 404 00:21:45,760 --> 00:21:48,920 Speaker 1: natural gas of getting paid fifty dollars a month, who 405 00:21:49,200 --> 00:21:51,600 Speaker 1: that same son, who also had very little of any 406 00:21:51,640 --> 00:21:55,359 Speaker 1: experience in in corporate America, who got a one point 407 00:21:55,400 --> 00:22:00,160 Speaker 1: five billion dollar investment from the Chinese government just days 408 00:22:00,160 --> 00:22:02,600 Speaker 1: after stepping off of Air Force too with his father 409 00:22:02,680 --> 00:22:06,440 Speaker 1: as vice president. If if there's no other reason, we've 410 00:22:06,440 --> 00:22:10,239 Speaker 1: got to ask questions, because the appearance of impropriety is 411 00:22:10,320 --> 00:22:12,480 Speaker 1: pretty strong, and I think it's right for people to 412 00:22:12,520 --> 00:22:16,439 Speaker 1: ask those questions about, well, why was someone who's stab 413 00:22:16,520 --> 00:22:19,120 Speaker 1: it was the vice president who had no other skills 414 00:22:19,200 --> 00:22:22,320 Speaker 1: or experience in these areas getting these massive kind of payments. 415 00:22:22,440 --> 00:22:24,640 Speaker 1: But those both of those incidents have been pretty well 416 00:22:24,720 --> 00:22:27,679 Speaker 1: explored by the media and and absolutely no wrongdoing has 417 00:22:27,680 --> 00:22:30,360 Speaker 1: been found by the Vice president. Well, I think there's 418 00:22:30,359 --> 00:22:32,440 Speaker 1: a question of wrongdoing if you've got if you ever 419 00:22:32,520 --> 00:22:34,919 Speaker 1: have a family member, if you are actually taking the 420 00:22:35,080 --> 00:22:39,560 Speaker 1: lead in negotiations with Ukraine or with China and your 421 00:22:39,640 --> 00:22:43,120 Speaker 1: family has a direct financial impact on it. The own 422 00:22:43,200 --> 00:22:47,040 Speaker 1: ethics rules of our government require that not to happen. 423 00:22:47,080 --> 00:22:50,120 Speaker 1: In fact, many people in the Obama State Department raised 424 00:22:50,200 --> 00:22:53,040 Speaker 1: questions about it. People apparently in the Obama White House 425 00:22:53,160 --> 00:22:55,800 Speaker 1: raised questions about it. This is by according to The 426 00:22:55,840 --> 00:22:59,040 Speaker 1: New York Times. I think there are legitimate questions to 427 00:22:59,040 --> 00:23:01,439 Speaker 1: continue to be asked to about it. Okay, well, thank you, 428 00:23:01,480 --> 00:23:03,800 Speaker 1: Mark Lauer. We we need to move along. Thank you 429 00:23:03,840 --> 00:23:06,400 Speaker 1: for spending some time with us. Uh. When we're back 430 00:23:06,440 --> 00:23:09,399 Speaker 1: from break, we will talk about what Mark latter had 431 00:23:09,400 --> 00:23:11,680 Speaker 1: to say with the panel here. Uh. We'll also talk 432 00:23:11,680 --> 00:23:13,879 Speaker 1: about some non impeachment stuff that maybe ought to be 433 00:23:13,920 --> 00:23:16,960 Speaker 1: on your radar but probably isn't. Uh. Download the Sound 434 00:23:17,000 --> 00:23:20,440 Speaker 1: On podcast on iTunes, at Bloomberg dot com, or by 435 00:23:20,520 --> 00:23:22,879 Speaker 1: downloading the Bloomberg Business app. You can also find us 436 00:23:22,920 --> 00:23:26,120 Speaker 1: on Radio dot Com, I Heart Radio, and Spotify. I'm 437 00:23:26,160 --> 00:23:34,359 Speaker 1: alex Wayne. You're listening to Bloomberg. You're listening to Bloomberg 438 00:23:34,440 --> 00:23:38,400 Speaker 1: Sound On with Kevin Surley on Bloomberg one and one 439 00:23:38,400 --> 00:23:41,880 Speaker 1: oh five point seven f m h D two. You're 440 00:23:41,920 --> 00:23:44,320 Speaker 1: back with sound On, and I'm alex Wayne filling in 441 00:23:44,400 --> 00:23:47,760 Speaker 1: for Kevin's really uh so, let's do a quick round 442 00:23:48,320 --> 00:23:50,040 Speaker 1: around the panel around the group in the room and 443 00:23:50,040 --> 00:23:52,480 Speaker 1: talk about what you heard from Mark Lauder. Jordan Fabian, 444 00:23:52,480 --> 00:23:55,280 Speaker 1: white House reporter for for Bloomberg News. What did you 445 00:23:55,280 --> 00:23:58,920 Speaker 1: think of what Mark had to say? You know, of course, 446 00:23:58,920 --> 00:24:01,240 Speaker 1: you know, Mark's doing his job, but it did strike 447 00:24:01,320 --> 00:24:05,600 Speaker 1: me that the Trump campaign and the Trump white Houses 448 00:24:05,600 --> 00:24:09,600 Speaker 1: all of a sudden very concerned about people in office 449 00:24:09,760 --> 00:24:13,800 Speaker 1: profiting off of their political office. So, yeah, this has 450 00:24:13,840 --> 00:24:17,320 Speaker 1: obviously been a focus of the emolument's lawsuits going through 451 00:24:17,880 --> 00:24:21,359 Speaker 1: the Congress and the courts. Uh, you know, there's questions 452 00:24:21,359 --> 00:24:23,880 Speaker 1: about the Trump hotel here in foreign government staying there, 453 00:24:24,200 --> 00:24:27,399 Speaker 1: and it just seems like the the Trump team is 454 00:24:27,440 --> 00:24:31,400 Speaker 1: opening the president up to uh to these attacks. And 455 00:24:31,440 --> 00:24:33,520 Speaker 1: I think it goes to your force planes landing at 456 00:24:33,520 --> 00:24:35,600 Speaker 1: a resort in Scotland. Yeah, I mean, the list goes 457 00:24:35,640 --> 00:24:38,520 Speaker 1: on and on, right, Alex, So it does, indeed, Yeah, 458 00:24:38,560 --> 00:24:40,760 Speaker 1: And so it just seems like they're opening the door 459 00:24:40,800 --> 00:24:43,240 Speaker 1: to these kind of attacks. And it goes again to 460 00:24:43,359 --> 00:24:45,719 Speaker 1: the fact that there, you know, the appeachments are as 461 00:24:45,760 --> 00:24:48,480 Speaker 1: President Trump, so really whatever he says goes there's no 462 00:24:48,520 --> 00:24:51,440 Speaker 1: one planning any kind of like central message that can 463 00:24:51,880 --> 00:24:56,480 Speaker 1: uh sort of prevent those kind of attacks on them 464 00:24:56,520 --> 00:24:59,280 Speaker 1: as they battle these impeachment inquiries. Time that store for 465 00:24:59,440 --> 00:25:01,560 Speaker 1: democratics strategists here in the studio with us, What did 466 00:25:01,600 --> 00:25:03,639 Speaker 1: you what did you think of what Mark Latter, the 467 00:25:03,640 --> 00:25:06,040 Speaker 1: Trump campaign spokesman, had to say. Um, I think that 468 00:25:06,040 --> 00:25:08,760 Speaker 1: there was a lot to respond to. But what was 469 00:25:08,960 --> 00:25:12,120 Speaker 1: sort of humorous to me as the accusation that Hunter 470 00:25:12,160 --> 00:25:15,240 Speaker 1: Biden was put on a board. Um, and in an 471 00:25:15,240 --> 00:25:17,800 Speaker 1: industry that didn't have much experience. And yet just a 472 00:25:17,880 --> 00:25:20,480 Speaker 1: quick back of the envelope, Jared Kushner is in charge 473 00:25:20,480 --> 00:25:25,000 Speaker 1: of Middle East peace, government reform, opioid crisis, criminal justice reform, 474 00:25:25,080 --> 00:25:27,520 Speaker 1: leads onto Mexico LEAs, and the China liais onto the 475 00:25:27,600 --> 00:25:32,680 Speaker 1: Muslim community, and I'm not sure his portfolio coming into 476 00:25:32,680 --> 00:25:35,160 Speaker 1: the White House would lend him to be an expert 477 00:25:35,160 --> 00:25:38,359 Speaker 1: in all those areas. And his position seems a little 478 00:25:38,400 --> 00:25:41,119 Speaker 1: more consequential than on a board. But that's just me. 479 00:25:41,880 --> 00:25:44,560 Speaker 1: Colin Reid, your takeaway from Mark Laud's interview. I think 480 00:25:44,560 --> 00:25:48,640 Speaker 1: it's pretty clear the sense vulnerability with this Hunter Biden angle, 481 00:25:48,640 --> 00:25:50,199 Speaker 1: and they're not going to let their foot off the 482 00:25:50,200 --> 00:25:52,919 Speaker 1: gas on it. And here's the thing, the messaging matters. 483 00:25:52,960 --> 00:25:56,359 Speaker 1: And also the messenger matters, and if it's Donald Trump 484 00:25:56,400 --> 00:25:59,720 Speaker 1: and Joe Biden debating this one on one or taking 485 00:26:00,000 --> 00:26:02,920 Speaker 1: scripted questions from the press, you have to take Donald 486 00:26:02,920 --> 00:26:06,040 Speaker 1: Trump over that over Biden any day. I mean, Joe 487 00:26:06,040 --> 00:26:09,800 Speaker 1: Biden looks shaky. He's putting it kindly on the debate stage, 488 00:26:09,800 --> 00:26:12,200 Speaker 1: babbling on about record players, and at some point he's 489 00:26:12,200 --> 00:26:14,000 Speaker 1: gonna have to answer these hard questions the way Trump 490 00:26:14,040 --> 00:26:16,320 Speaker 1: does every every day, but before the reporters and these 491 00:26:16,320 --> 00:26:19,199 Speaker 1: press conferences. So that's where this fight is ultimately going 492 00:26:19,280 --> 00:26:22,200 Speaker 1: to be determined. And I don't think if if I'm 493 00:26:22,200 --> 00:26:23,800 Speaker 1: the Biden team, I do not want to have that 494 00:26:23,800 --> 00:26:25,919 Speaker 1: debate with my candidate. I gotta let me. Let me 495 00:26:26,000 --> 00:26:27,800 Speaker 1: just break in here, though, I mean, is it is 496 00:26:27,800 --> 00:26:29,920 Speaker 1: it fair to say that Donald Trump does not look 497 00:26:30,000 --> 00:26:33,080 Speaker 1: shaky at for example, his press conference yesterday with the 498 00:26:33,280 --> 00:26:35,919 Speaker 1: President of Finlan Well, he does press conferences and he 499 00:26:35,960 --> 00:26:38,359 Speaker 1: engages with reporters and his answers get dissected, and he 500 00:26:38,359 --> 00:26:40,240 Speaker 1: at least is able to project his sense of strength, 501 00:26:40,240 --> 00:26:42,120 Speaker 1: which Biden has been unable to do throughout the course 502 00:26:42,119 --> 00:26:44,240 Speaker 1: of these debates. And it will be interesting to see 503 00:26:44,280 --> 00:26:46,200 Speaker 1: if this Hunter angle gets picked up by any of 504 00:26:46,280 --> 00:26:50,160 Speaker 1: Biden's Democratic opponents the next debate, which is I think 505 00:26:50,160 --> 00:26:51,879 Speaker 1: ten days away, so that'll be the next kind of 506 00:26:51,920 --> 00:26:54,359 Speaker 1: inflection point in this in this road we're on. Cal 507 00:26:54,480 --> 00:26:57,200 Speaker 1: let me ask you about fundraising our our our Republicans 508 00:26:57,960 --> 00:27:01,080 Speaker 1: heartened by by the Trump camp pain hauling in all 509 00:27:01,080 --> 00:27:04,040 Speaker 1: this all this cash million in the last quarter. I 510 00:27:04,320 --> 00:27:07,480 Speaker 1: think they've raised over three million through the years so far. Yeah, 511 00:27:07,480 --> 00:27:09,440 Speaker 1: And that's one of the untold stories is when you 512 00:27:09,560 --> 00:27:11,760 Speaker 1: kind of trying to handicap this Donald Trump is gonna 513 00:27:11,760 --> 00:27:14,840 Speaker 1: have advantages did not have in twenty sixteen, and one 514 00:27:14,880 --> 00:27:17,400 Speaker 1: of which is the United infrastructure behind him, and two 515 00:27:17,520 --> 00:27:22,000 Speaker 1: is a massive fundraising advantage over his ultimate competitor um. 516 00:27:22,160 --> 00:27:24,520 Speaker 1: And in one area where it's been a bright spot 517 00:27:25,240 --> 00:27:28,639 Speaker 1: for Republicans so far has been the rise of small 518 00:27:28,680 --> 00:27:31,119 Speaker 1: dollar donors for fifteen years. And now the Democrats, to 519 00:27:31,119 --> 00:27:33,679 Speaker 1: their credit, have had the field to themselves when it 520 00:27:33,680 --> 00:27:36,240 Speaker 1: comes to small dollar donations. They have this behemoth called 521 00:27:36,280 --> 00:27:38,840 Speaker 1: Act Blue that helps fund all these candidates at the 522 00:27:38,840 --> 00:27:40,960 Speaker 1: grassroots level. And this year, for the first time ever, 523 00:27:41,359 --> 00:27:44,400 Speaker 1: and with the blessing of all of the Republican infrastructure, 524 00:27:44,440 --> 00:27:46,440 Speaker 1: a group called Win Red has come along and has 525 00:27:47,000 --> 00:27:48,920 Speaker 1: uh while admitting it's going to take a long time 526 00:27:48,960 --> 00:27:51,040 Speaker 1: to equal the playing field, has begun that process and 527 00:27:51,080 --> 00:27:53,800 Speaker 1: just raise thirty million dollars in their first quarter of existence. 528 00:27:53,800 --> 00:27:56,359 Speaker 1: So that's one area where I think you will start 529 00:27:56,359 --> 00:27:59,280 Speaker 1: to see the fundraising begin to equalize. Let's stay on that. 530 00:27:59,320 --> 00:28:01,320 Speaker 1: This is a this is good what's on your radar? 531 00:28:01,400 --> 00:28:06,119 Speaker 1: Subject tie. What's on my radar is Q Q three, 532 00:28:06,520 --> 00:28:08,440 Speaker 1: Q two and Q three of the off Here are 533 00:28:08,520 --> 00:28:12,600 Speaker 1: the hardest times for congressional candidates to raise money. And 534 00:28:12,640 --> 00:28:14,679 Speaker 1: we're about to see a whole bunch of reports from 535 00:28:14,760 --> 00:28:18,520 Speaker 1: these new class of freshman Democrats. If the green wave 536 00:28:18,640 --> 00:28:23,520 Speaker 1: that powered the blue wave in continues through, you know 537 00:28:23,760 --> 00:28:26,960 Speaker 1: that the House Republicans or the Republicans chance of making 538 00:28:26,960 --> 00:28:28,919 Speaker 1: in roads in the House is going to be uh 539 00:28:29,080 --> 00:28:32,240 Speaker 1: a difficult road to to go down. The green wave 540 00:28:32,320 --> 00:28:37,040 Speaker 1: you mean with the freshman Democrats like Alexander at Kaza Cortez. No, no, no, 541 00:28:37,080 --> 00:28:39,480 Speaker 1: I'm talking more about the frontline Democrats, the ones that 542 00:28:39,520 --> 00:28:42,560 Speaker 1: are really competitive races, that are you know, raising five 543 00:28:42,960 --> 00:28:45,640 Speaker 1: thousand dollars, eight hundred thousand dollars. There was more money 544 00:28:45,720 --> 00:28:49,240 Speaker 1: raised in congressional races last cycle than ever in history. Um, 545 00:28:49,440 --> 00:28:52,200 Speaker 1: and you you know last quarter you had I think 546 00:28:52,280 --> 00:28:55,640 Speaker 1: over thirty of the freshman Democrats, the vulnerable front line ones, 547 00:28:55,920 --> 00:28:57,640 Speaker 1: raising more than a half million dollars. That's what I'm 548 00:28:57,640 --> 00:29:00,520 Speaker 1: looking more towards. But Colins right, Um, the present is 549 00:29:00,520 --> 00:29:04,280 Speaker 1: gonna have a huge fundraising advantage. And this is why 550 00:29:04,400 --> 00:29:09,040 Speaker 1: it is so important that democratic outside groups filled like 551 00:29:09,120 --> 00:29:12,880 Speaker 1: American Bridge and things like that filled the space holding 552 00:29:12,920 --> 00:29:16,560 Speaker 1: Donald Trump accountable, because the Democratic primary candidates can't be 553 00:29:16,600 --> 00:29:21,280 Speaker 1: doing that right now. Donald Trump won in despite a 554 00:29:21,320 --> 00:29:26,480 Speaker 1: pretty big fundraising disadvantage. Though, Yes, but the untold story 555 00:29:27,120 --> 00:29:30,840 Speaker 1: is the emphasis to two untold stories. One the infrastructure 556 00:29:30,880 --> 00:29:33,600 Speaker 1: that the RNC had in place, particularly a ground game, 557 00:29:33,960 --> 00:29:37,480 Speaker 1: and to what does the bulk of Hillary Clinton's money 558 00:29:37,480 --> 00:29:41,280 Speaker 1: go to is paid television ads. And Donald Trump got 559 00:29:41,360 --> 00:29:44,360 Speaker 1: it for free because he was such a showman that 560 00:29:44,640 --> 00:29:48,240 Speaker 1: you know, um, cable networks would carry it live shows 561 00:29:48,280 --> 00:29:51,560 Speaker 1: like Good Morning America, which in would do one segment 562 00:29:51,560 --> 00:29:54,400 Speaker 1: a week. On the presidential rates, we're doing multiple segments 563 00:29:54,400 --> 00:29:57,800 Speaker 1: a day. So you can't discount the cost of free media. 564 00:29:58,040 --> 00:30:01,080 Speaker 1: Because most of what campaign fun raising goes towards is 565 00:30:01,080 --> 00:30:04,160 Speaker 1: paid media. Okay, and and real quick, Colin brought up 566 00:30:04,160 --> 00:30:07,160 Speaker 1: when Red as as a as a what's on What's 567 00:30:07,160 --> 00:30:10,560 Speaker 1: on your radar? Item? Just put that in and compare 568 00:30:10,600 --> 00:30:12,360 Speaker 1: that for me, how much money is Act Blue bringing 569 00:30:12,360 --> 00:30:15,120 Speaker 1: in compared to like the when when reds thirty million? Well, 570 00:30:15,160 --> 00:30:18,280 Speaker 1: so it's important to remember that this is conduits. So 571 00:30:18,480 --> 00:30:21,600 Speaker 1: it is just a platform to give to candidates. And um, 572 00:30:21,640 --> 00:30:24,080 Speaker 1: I think that we Act Blue, you know, over the 573 00:30:24,120 --> 00:30:26,800 Speaker 1: course of their existence is done about one point six 574 00:30:26,800 --> 00:30:30,960 Speaker 1: billion dollars. But Act Blue is a not for profit organization, 575 00:30:31,320 --> 00:30:33,959 Speaker 1: which gets a lot more buy in because I think 576 00:30:34,040 --> 00:30:36,160 Speaker 1: some of the skepticism on the Republican side is sort 577 00:30:36,200 --> 00:30:38,680 Speaker 1: of who's making money on this? When Act Blue first 578 00:30:38,680 --> 00:30:40,680 Speaker 1: set up and they've maintained this, there are not for 579 00:30:40,720 --> 00:30:46,040 Speaker 1: profit organization, so Democrats are much more um uh comfortable 580 00:30:46,440 --> 00:30:49,680 Speaker 1: using them. Also, Democrats are much more comfortable sharing information. 581 00:30:49,760 --> 00:30:52,400 Speaker 1: I think there's some suspicion or hesitancy from some of 582 00:30:52,440 --> 00:30:57,320 Speaker 1: these congressional candidates and Donald Trump organizations specifically in sharing information. 583 00:30:57,800 --> 00:31:00,280 Speaker 1: I don't know if I can blame them for that. Uh, Jordan, 584 00:31:00,560 --> 00:31:03,080 Speaker 1: what's on your radar? Uh? Well, we talked about it 585 00:31:03,120 --> 00:31:06,160 Speaker 1: earlier in the newsroom, Alex But North Korea. Yeah, North 586 00:31:06,240 --> 00:31:09,880 Speaker 1: Korea something that gets lost in the impeachment debate. But um, 587 00:31:09,920 --> 00:31:13,280 Speaker 1: you know, North Korea fired off a ballistic missile from 588 00:31:13,320 --> 00:31:17,400 Speaker 1: a summarine this week, and this happened just before UH 589 00:31:17,480 --> 00:31:21,120 Speaker 1: talks are supposed to resume between US and North Korean officials. 590 00:31:21,120 --> 00:31:23,640 Speaker 1: So pretty pretty bad timing, I would say on the 591 00:31:23,680 --> 00:31:28,000 Speaker 1: Trump administration's part. And um, you know, all indications are 592 00:31:28,040 --> 00:31:30,560 Speaker 1: that those talks are still to go, but it looks 593 00:31:30,600 --> 00:31:34,840 Speaker 1: increasingly difficult for the president to call this process a win. 594 00:31:34,960 --> 00:31:38,640 Speaker 1: It looks the path to a deal is really unclear 595 00:31:38,760 --> 00:31:41,560 Speaker 1: right now, and heading into his reelection, it might be 596 00:31:41,600 --> 00:31:44,600 Speaker 1: difficult for the president. You know, while fending off impeachment, 597 00:31:44,760 --> 00:31:47,480 Speaker 1: koreis fending off Democrats in the House to talk about 598 00:31:47,560 --> 00:31:49,920 Speaker 1: what are the fun art of policy accomplishments he's had 599 00:31:50,440 --> 00:31:52,600 Speaker 1: in his time in office. I am really I'm kind 600 00:31:52,600 --> 00:31:55,000 Speaker 1: of taken aback by what's going on in North Korea lately. 601 00:31:55,040 --> 00:31:57,600 Speaker 1: This is this is UH. They've they've been testing little 602 00:31:57,600 --> 00:32:00,320 Speaker 1: short range missiles for for several weeks now has been 603 00:32:00,360 --> 00:32:02,160 Speaker 1: I think we reported there's been ten or eleven of 604 00:32:02,200 --> 00:32:05,640 Speaker 1: them since the spring. Trump has been dismissing them. They've 605 00:32:05,640 --> 00:32:07,480 Speaker 1: they've all been they've you know, some of them have 606 00:32:07,520 --> 00:32:11,360 Speaker 1: been like artillery essentially. But the other day they tested 607 00:32:11,440 --> 00:32:15,080 Speaker 1: what what analysts think as a submarine launched ballistic missile 608 00:32:15,200 --> 00:32:18,520 Speaker 1: weapon that could threaten allies across Asia, a weapon that 609 00:32:18,560 --> 00:32:20,800 Speaker 1: if it were laid on a submarine could be driven 610 00:32:20,880 --> 00:32:23,520 Speaker 1: up to the US coast and threatened cities here. And 611 00:32:23,520 --> 00:32:26,680 Speaker 1: and the White House has has said what I mean, 612 00:32:26,760 --> 00:32:28,760 Speaker 1: the only statement we've heard from the White House directly 613 00:32:28,840 --> 00:32:32,040 Speaker 1: was President Trump today on the South Lawn was asked 614 00:32:32,080 --> 00:32:35,440 Speaker 1: about this, this incident and basically saying, you know, his 615 00:32:36,160 --> 00:32:40,120 Speaker 1: canned response, We'll see what happens. We'll do talks. And uh, 616 00:32:40,200 --> 00:32:42,400 Speaker 1: you know, I think a lot of North Korea hawks, 617 00:32:42,480 --> 00:32:45,880 Speaker 1: both inside the administration outside the administration, Uh you know, 618 00:32:45,920 --> 00:32:49,760 Speaker 1: cough John Bolton, UH say, uh, you know, the President 619 00:32:49,800 --> 00:32:52,360 Speaker 1: needs to send a message here that these types of 620 00:32:52,960 --> 00:32:56,360 Speaker 1: attacks are are not okay and uh to get these 621 00:32:56,640 --> 00:32:59,200 Speaker 1: talks back on track. But you know, the President values 622 00:32:59,320 --> 00:33:01,640 Speaker 1: is French up with Kim John Gun and has shown 623 00:33:01,960 --> 00:33:05,160 Speaker 1: real no really no interest in doing so. All Right, Well, 624 00:33:05,560 --> 00:33:09,200 Speaker 1: thank you, UM, I want to thank my guests. Republican 625 00:33:09,240 --> 00:33:13,320 Speaker 1: Strategist Colin Reid, Democratic strategists, Time at Storff, as well 626 00:33:13,360 --> 00:33:17,040 Speaker 1: as Bloomberg News White House reporter Jordan Fabian Jordan's Get 627 00:33:17,040 --> 00:33:22,320 Speaker 1: Back to Work. Please download the Sound On podcast at iTunes, 628 00:33:22,840 --> 00:33:26,360 Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app. 629 00:33:26,800 --> 00:33:28,880 Speaker 1: You can also find us on Radio dot com, I 630 00:33:29,080 --> 00:33:32,320 Speaker 1: Heart Radio, and Spotify. I'm Alex Wayne, and you've been 631 00:33:32,320 --> 00:33:34,720 Speaker 1: listening to Sound On on Bloomberg