1 00:00:00,840 --> 00:00:03,640 Speaker 1: Why from our nations this budget thing is going to 2 00:00:03,720 --> 00:00:06,800 Speaker 1: do nothing spaceports. I still think it's interesting President Trump 3 00:00:06,840 --> 00:00:10,680 Speaker 1: not playing his cards yet. Headlines Policy and politics colliding, 4 00:00:10,800 --> 00:00:15,640 Speaker 1: Floomberg Sound On, the Insiders, the influencers, the insides. I 5 00:00:15,640 --> 00:00:18,320 Speaker 1: would rather see a congressional solution. It's part of my DNA. 6 00:00:18,600 --> 00:00:21,239 Speaker 1: The Senate map in looks a lot different than it 7 00:00:21,239 --> 00:00:24,600 Speaker 1: looked in. You really have a divide within Team Trump. 8 00:00:24,680 --> 00:00:27,000 Speaker 1: The President has to do exactly what people send him 9 00:00:27,040 --> 00:00:28,960 Speaker 1: here to do, which is to get it done. This 10 00:00:29,360 --> 00:00:34,560 Speaker 1: is Bloomberg Sound On with Kevin Shirley on Bloomberg and 11 00:00:34,720 --> 00:00:38,720 Speaker 1: one oh five point seven fm h D two. Happy Friday, folks. 12 00:00:38,800 --> 00:00:42,199 Speaker 1: A lot to get through. I'm Kevin Cirelli, Chief Washington Correspondent, 13 00:00:42,200 --> 00:00:46,520 Speaker 1: FRO Bloomberg Television and Bloomberg Radio. Will lawmakers get something 14 00:00:46,600 --> 00:00:50,919 Speaker 1: done on guns when they return from their August congressional recess. 15 00:00:51,159 --> 00:00:55,440 Speaker 1: Senate Majority Leader Mitch McConnell telling a local Kentucky radio 16 00:00:55,520 --> 00:01:00,320 Speaker 1: program that he will address gun reform comes September, mean aisle. 17 00:01:00,480 --> 00:01:03,600 Speaker 1: President Trump says, Hey, if the Chinese don't want to 18 00:01:03,640 --> 00:01:07,520 Speaker 1: talk in September as planned, he's okay with that. But 19 00:01:07,720 --> 00:01:11,040 Speaker 1: are the markets and the latest from what has been 20 00:01:11,080 --> 00:01:15,640 Speaker 1: already a gaff filled weekend that hasn't even started yet 21 00:01:15,680 --> 00:01:18,520 Speaker 1: for the former Vice President Joe Biden at the Iowa 22 00:01:18,680 --> 00:01:22,800 Speaker 1: State Fair. The fallout for Uncle Joe with a jam 23 00:01:22,880 --> 00:01:27,760 Speaker 1: packed political and policy panel. Wendy Benjaminson is back. She has. 24 00:01:27,760 --> 00:01:31,920 Speaker 1: Bloomberg News Politics editor Ben Chang is back. He is 25 00:01:31,959 --> 00:01:36,520 Speaker 1: the former White House National Security Council Director of Communications. 26 00:01:36,920 --> 00:01:41,680 Speaker 1: Now he's at Princeton University as an associate vice president 27 00:01:41,760 --> 00:01:46,759 Speaker 1: for communications. And Mark Ross Returns, the founder of Chical Global, 28 00:01:46,760 --> 00:01:52,360 Speaker 1: which specializes in globalization communication strategies, a firm here inside 29 00:01:52,360 --> 00:01:55,000 Speaker 1: of the Beltway. There were some new developments today, a 30 00:01:55,080 --> 00:01:59,640 Speaker 1: Sentimentarity leader Mitch McConnell telling a Kentucky radio program that 31 00:01:59,760 --> 00:02:05,120 Speaker 1: he will take up gun control legislation on universal background 32 00:02:05,240 --> 00:02:10,040 Speaker 1: checks in September when lawmakers returned to recess. Mark Ross's 33 00:02:10,040 --> 00:02:12,960 Speaker 1: founder of Charical Global. He's here. Ben Chang now at 34 00:02:12,960 --> 00:02:16,720 Speaker 1: Princeton University as a spokesperson previously at the White House. 35 00:02:17,000 --> 00:02:21,920 Speaker 1: And Wendy Benjaminson is here, Bloomberg News Politics editor. All right, 36 00:02:22,000 --> 00:02:24,200 Speaker 1: let's hear from President Trump in terms of what could 37 00:02:24,240 --> 00:02:27,040 Speaker 1: get done on gun control. Wendy, and then I want 38 00:02:27,080 --> 00:02:29,280 Speaker 1: to get the politics of it. So take a listen 39 00:02:29,320 --> 00:02:32,480 Speaker 1: to President Trump earlier today. I think we can have 40 00:02:32,600 --> 00:02:37,600 Speaker 1: some really meaningful background checks. We don't want people that 41 00:02:37,639 --> 00:02:41,280 Speaker 1: are mentally ill, people that are are sick, we don't 42 00:02:41,280 --> 00:02:45,600 Speaker 1: want them having guns who do So, Wendy, what can 43 00:02:45,720 --> 00:02:49,720 Speaker 1: actually get done come September? Well, there are several things 44 00:02:49,720 --> 00:02:51,920 Speaker 1: that could get done, and there's nothing like an election 45 00:02:52,000 --> 00:02:56,400 Speaker 1: here to focus people's attention on an issue. And these shootings, 46 00:02:56,440 --> 00:02:59,040 Speaker 1: after all of the tragic shootings we've had in last year, 47 00:02:59,440 --> 00:03:02,960 Speaker 1: appeared to be a tipping point. The Congress could come 48 00:03:03,000 --> 00:03:08,040 Speaker 1: back and band assault weapons, although that's highly unlikely. The 49 00:03:08,080 --> 00:03:10,480 Speaker 1: most likely thing is sort of what President Trump said, 50 00:03:10,680 --> 00:03:14,720 Speaker 1: is some sort of background check that means not everyone 51 00:03:14,880 --> 00:03:17,520 Speaker 1: can get a weapon. The trouble is whether those will 52 00:03:17,520 --> 00:03:20,520 Speaker 1: be enforced, but that is probably what will happen. So, 53 00:03:20,720 --> 00:03:22,880 Speaker 1: ben Channg, I mean you being at the previously being 54 00:03:22,880 --> 00:03:24,720 Speaker 1: at the National Security Council, I mean you know this. 55 00:03:25,560 --> 00:03:28,079 Speaker 1: I think it's like a dent of Americans virtually and 56 00:03:28,200 --> 00:03:32,520 Speaker 1: every poll agree with their being universal background checks. But 57 00:03:32,800 --> 00:03:35,960 Speaker 1: you gotta dig deeper, you gotta go even penetrate even 58 00:03:36,000 --> 00:03:38,880 Speaker 1: more to understand if everyone agrees with that, it already 59 00:03:38,920 --> 00:03:41,840 Speaker 1: would have happened in terms of enforcement. Is Wendy brings 60 00:03:41,920 --> 00:03:45,040 Speaker 1: up For example, if you have a gun show and 61 00:03:45,480 --> 00:03:49,119 Speaker 1: I don't know, I'm pulling this in Indiana and thousands 62 00:03:49,120 --> 00:03:51,760 Speaker 1: of people are there, and there's that secondary market in 63 00:03:51,760 --> 00:03:55,280 Speaker 1: the parking lot where folks are reselling guns, how do 64 00:03:55,320 --> 00:03:57,640 Speaker 1: you enforce a background check? It's it's these are the 65 00:03:57,640 --> 00:04:00,960 Speaker 1: types of problems that that arise. Well, one of the 66 00:04:00,960 --> 00:04:03,880 Speaker 1: things that strikes me in the latest debate and conversation 67 00:04:03,880 --> 00:04:07,440 Speaker 1: around gun control is that it's shifting away, hopefully from 68 00:04:07,480 --> 00:04:10,040 Speaker 1: a zero sum game approach that while there's all these 69 00:04:10,080 --> 00:04:13,920 Speaker 1: other uh weak points and leakages that could occur. So 70 00:04:14,240 --> 00:04:16,160 Speaker 1: until we get our arms around all the problems, we 71 00:04:16,200 --> 00:04:18,960 Speaker 1: want to address any of the problems. And to your point, 72 00:04:19,040 --> 00:04:22,000 Speaker 1: to your example, if you can both walk and chew gum, 73 00:04:22,040 --> 00:04:24,719 Speaker 1: if you can first of all define a certain category 74 00:04:24,760 --> 00:04:26,479 Speaker 1: of assault weapons, right, and there's a whole debate about 75 00:04:26,480 --> 00:04:29,400 Speaker 1: the definition, just go ahead and define a category, send 76 00:04:29,440 --> 00:04:31,640 Speaker 1: in place bands on those, and at the same time 77 00:04:31,640 --> 00:04:34,880 Speaker 1: in power law enforcement to go after the secondary markets. 78 00:04:35,120 --> 00:04:36,800 Speaker 1: Then you can walk and chew gum on this. But 79 00:04:36,880 --> 00:04:38,760 Speaker 1: for so long, at least here in d C, there 80 00:04:38,800 --> 00:04:41,480 Speaker 1: seems to have been a zero sum game approach, where well, 81 00:04:41,520 --> 00:04:43,720 Speaker 1: until we get our arms around everything, we need to 82 00:04:43,760 --> 00:04:46,400 Speaker 1: hold off and doing any legislation or maybe devolve the 83 00:04:46,400 --> 00:04:48,400 Speaker 1: decision to states and so on. So at least now 84 00:04:48,440 --> 00:04:49,880 Speaker 1: I think we're seeing a little bit of a shift 85 00:04:49,920 --> 00:04:54,400 Speaker 1: that we need to get the ball rolling. That's absolutely right. 86 00:04:54,480 --> 00:04:56,640 Speaker 1: And what I was talking about with enforcement was not 87 00:04:56,760 --> 00:04:59,920 Speaker 1: only writing the laws but making sure that everyone follows up. 88 00:05:00,200 --> 00:05:04,120 Speaker 1: For example, the Sutherland Springs shooter in Texas, he had 89 00:05:04,120 --> 00:05:07,320 Speaker 1: been dishonorably discharged from the Air Force for threatening his 90 00:05:07,360 --> 00:05:10,320 Speaker 1: wife with a handgun, and the Air Force forgot to 91 00:05:10,400 --> 00:05:13,640 Speaker 1: tell the FBI, and so this guy got a weapon 92 00:05:13,720 --> 00:05:16,720 Speaker 1: without any problems and shot at a church in South Texas. 93 00:05:16,960 --> 00:05:18,800 Speaker 1: Those are the sort of things that will have to happen. 94 00:05:18,839 --> 00:05:21,760 Speaker 1: That is out of Congresses. When Benjaminson is here, she 95 00:05:21,800 --> 00:05:25,800 Speaker 1: has Bloomberg Politics editor Ben Chang, former White House National 96 00:05:25,880 --> 00:05:30,600 Speaker 1: Security Council Director of Communication, Mark Ross, founder of Territical Global. 97 00:05:30,680 --> 00:05:32,160 Speaker 1: I mean, we talked so much, and coming up we're 98 00:05:32,160 --> 00:05:34,720 Speaker 1: gonna talk more about us trying to trade policy. But 99 00:05:34,920 --> 00:05:38,240 Speaker 1: it sounds like according to the Senate Majority leader that 100 00:05:38,400 --> 00:05:41,200 Speaker 1: this this is going to be front and center of 101 00:05:41,240 --> 00:05:47,760 Speaker 1: the legislative agenda, the legislative calendar when lawmakers return in September. 102 00:05:47,839 --> 00:05:49,960 Speaker 1: Does that put at risk? Not at risk? I mean 103 00:05:49,960 --> 00:05:52,320 Speaker 1: this is an important issue, but does that put on 104 00:05:52,360 --> 00:05:57,720 Speaker 1: the back burner any other pressing legislative items on the calendar, 105 00:05:57,800 --> 00:05:59,880 Speaker 1: like U. S m C. A. I don't think it's 106 00:05:59,880 --> 00:06:01,480 Speaker 1: are gonna push back U. S m C. I think 107 00:06:01,560 --> 00:06:02,960 Speaker 1: as when he said, I do think we're at a 108 00:06:03,000 --> 00:06:06,320 Speaker 1: cultural tipping point. Even the there's rumors there's reports that 109 00:06:06,400 --> 00:06:09,320 Speaker 1: the El Paso shooter his mother called police. I think 110 00:06:09,480 --> 00:06:11,800 Speaker 1: we almost entering a situation where it's to see something, 111 00:06:11,839 --> 00:06:14,760 Speaker 1: say something in a situation where this kind of erratic 112 00:06:14,839 --> 00:06:17,480 Speaker 1: behavior and just people aren't gonna stand for this anymore. 113 00:06:17,480 --> 00:06:19,719 Speaker 1: I think people are just fed up with it. Whether 114 00:06:20,080 --> 00:06:23,360 Speaker 1: we can make incremental change on Capitol Hill or with legislation, 115 00:06:23,360 --> 00:06:25,599 Speaker 1: that will definitely be important, but I think culturally people 116 00:06:25,600 --> 00:06:28,359 Speaker 1: are just had enough with these guns showing up and 117 00:06:28,400 --> 00:06:30,320 Speaker 1: being used for horrible purpose. I want to play what 118 00:06:30,360 --> 00:06:33,200 Speaker 1: President Trump had to say about the National Rifle Association. 119 00:06:33,279 --> 00:06:36,320 Speaker 1: He was asked about it by reporters earlier today on 120 00:06:36,400 --> 00:06:39,520 Speaker 1: his way out from the White House. Here's President Trump 121 00:06:39,560 --> 00:06:43,240 Speaker 1: discussing the National Rifle Association. I really believe that the 122 00:06:43,360 --> 00:06:46,200 Speaker 1: n r A. I'd smug into him numerous time. They're 123 00:06:46,240 --> 00:06:50,599 Speaker 1: really good people, they're great patriots, they love our country. 124 00:06:50,800 --> 00:06:54,200 Speaker 1: They love our country so much, and frankly, I really 125 00:06:54,200 --> 00:06:57,120 Speaker 1: think they're gonna get there. Also. Money So much of 126 00:06:57,160 --> 00:06:59,400 Speaker 1: this town is not who is speaking, but who is 127 00:06:59,400 --> 00:07:02,760 Speaker 1: not speaking, Not who is in front of the microphone 128 00:07:02,800 --> 00:07:05,560 Speaker 1: or running toward a microphone, but why they're not in 129 00:07:05,560 --> 00:07:09,360 Speaker 1: front of the microphone. I have been incredibly struck that 130 00:07:09,440 --> 00:07:14,360 Speaker 1: the National Rightful Association has not been flooding cable news, 131 00:07:14,480 --> 00:07:17,840 Speaker 1: flooding the air waves nearly as much as they have 132 00:07:18,320 --> 00:07:20,520 Speaker 1: in previous times. Why is that? Does the President have 133 00:07:20,600 --> 00:07:22,320 Speaker 1: their ear? Is the President telling them to back off? 134 00:07:23,240 --> 00:07:26,040 Speaker 1: I think it's the opposite. I think Wayne Lapierre has 135 00:07:26,080 --> 00:07:28,240 Speaker 1: may have the President's here, but the n r A 136 00:07:28,400 --> 00:07:30,720 Speaker 1: didn't get to be who it is and the power 137 00:07:30,800 --> 00:07:33,560 Speaker 1: that it has in this town without being smart. And 138 00:07:33,600 --> 00:07:36,520 Speaker 1: I think they know that after this weekend, coming out 139 00:07:36,560 --> 00:07:38,840 Speaker 1: and saying well, we really all need our guns and 140 00:07:38,840 --> 00:07:40,840 Speaker 1: you can't come for us because of the Second Amendment 141 00:07:41,080 --> 00:07:44,320 Speaker 1: would just be really toned deaf. But but I mean, 142 00:07:44,440 --> 00:07:46,280 Speaker 1: I mean, this is why I love this program, is 143 00:07:46,280 --> 00:07:48,560 Speaker 1: we can have these types of open conversations. I mean, 144 00:07:49,000 --> 00:07:53,800 Speaker 1: I remember after that, uh, Sandy Hook, And I remember 145 00:07:53,800 --> 00:07:57,800 Speaker 1: when Wayne Lapierre got in front of a podium and said, 146 00:07:57,840 --> 00:08:00,120 Speaker 1: the only way to stop a bad guy with the 147 00:08:00,160 --> 00:08:03,960 Speaker 1: gun is a good guy. And look what happened after that. 148 00:08:04,080 --> 00:08:07,080 Speaker 1: I mean, he was roundly criticized for that. The n 149 00:08:07,200 --> 00:08:11,080 Speaker 1: R raised UM contributions are down, They've had this huge 150 00:08:11,160 --> 00:08:14,240 Speaker 1: leadership scandal. They aren't as popular as they used to be, 151 00:08:14,600 --> 00:08:16,640 Speaker 1: and I think they realized that it may be time 152 00:08:16,640 --> 00:08:19,520 Speaker 1: to be quiet. However, that didn't stop Waining Lapierre from 153 00:08:19,520 --> 00:08:21,320 Speaker 1: getting on the phone with Trump and saying, don't do 154 00:08:21,360 --> 00:08:24,200 Speaker 1: a background check. That's right. I think it's a level 155 00:08:24,200 --> 00:08:27,040 Speaker 1: of activity that we may see in the activity we 156 00:08:27,080 --> 00:08:32,400 Speaker 1: don't see. So as a a public facing effort, there's 157 00:08:32,480 --> 00:08:34,760 Speaker 1: very little right now. I would wait to see what 158 00:08:34,760 --> 00:08:37,520 Speaker 1: happens when life returns to d C in September, perhaps, 159 00:08:37,679 --> 00:08:41,280 Speaker 1: but certainly right now the phone lines are lighting up, uh, 160 00:08:41,360 --> 00:08:46,720 Speaker 1: and the gentle pressure is being exerted um across the 161 00:08:46,840 --> 00:08:49,920 Speaker 1: landscape of politics right now. I'm sure I think too. 162 00:08:49,960 --> 00:08:52,440 Speaker 1: If you look at in the campaign. I mean, this 163 00:08:52,520 --> 00:08:55,040 Speaker 1: is clearly, in my mind, gonna be one in the suburbs. 164 00:08:55,040 --> 00:08:57,320 Speaker 1: And I think this would be an absolute victory for 165 00:08:57,400 --> 00:09:00,640 Speaker 1: Trump to go ahead with some kind of background check 166 00:09:00,760 --> 00:09:03,800 Speaker 1: red flag laws. It seems like this he's actually the 167 00:09:03,800 --> 00:09:05,439 Speaker 1: only guy can probably actually make this happen, if you 168 00:09:05,440 --> 00:09:09,680 Speaker 1: could actually show some presidential leadership. It's real opportunity for him, absolutely, 169 00:09:09,880 --> 00:09:13,000 Speaker 1: And the suburbs are exactly the place where they have 170 00:09:13,080 --> 00:09:15,719 Speaker 1: to do some work, because there were some polls in 171 00:09:16,200 --> 00:09:19,360 Speaker 1: eighteen right around the mid terms that showed that people 172 00:09:19,600 --> 00:09:24,640 Speaker 1: suburban residents and suburban women in particular, really favorite gun 173 00:09:24,720 --> 00:09:29,080 Speaker 1: controlled by like margin I think it was, and of 174 00:09:29,120 --> 00:09:34,080 Speaker 1: those sevent favored a Democratic candidate. And so you know, 175 00:09:34,360 --> 00:09:37,600 Speaker 1: Trump may not win again without the support of the 176 00:09:37,640 --> 00:09:41,559 Speaker 1: suburbs and particularly suburban women, and suburban women like me 177 00:09:41,720 --> 00:09:43,760 Speaker 1: just don't want to keep seeing this happen over and 178 00:09:43,800 --> 00:09:46,040 Speaker 1: over again. I think, you know, all of us could 179 00:09:46,160 --> 00:09:48,880 Speaker 1: could agree, and and I can based upon my reporting. 180 00:09:48,880 --> 00:09:52,120 Speaker 1: I mean, yes, there are so many aspects of this 181 00:09:52,200 --> 00:09:55,800 Speaker 1: issue that divide the two political parties, but there is 182 00:09:56,240 --> 00:10:01,280 Speaker 1: a consensus on various aspects pertaining two background checks too, 183 00:10:01,280 --> 00:10:05,560 Speaker 1: red flag laws to bolstering as we had Michael Beckerman 184 00:10:05,640 --> 00:10:08,240 Speaker 1: on from the Internet Association on yesterday, the president CEO 185 00:10:08,320 --> 00:10:10,320 Speaker 1: of of i A, who was at the White House 186 00:10:10,320 --> 00:10:14,560 Speaker 1: today on bolstering information sharing between the public and the 187 00:10:14,559 --> 00:10:18,880 Speaker 1: private sector, to work with institutions like the National Security Council, 188 00:10:18,960 --> 00:10:23,880 Speaker 1: like the intelligence community, local law enforcement, federal UH agencies 189 00:10:23,920 --> 00:10:27,079 Speaker 1: as well to track some of these folks who are 190 00:10:27,160 --> 00:10:29,240 Speaker 1: making these threats. I mean, Wendy as you as you 191 00:10:29,320 --> 00:10:33,000 Speaker 1: so are correctly pointed out, some of these signs are 192 00:10:33,040 --> 00:10:36,480 Speaker 1: missed and we have the technology now to make sure 193 00:10:36,520 --> 00:10:39,040 Speaker 1: that they're not missed. So you know, we'll have to 194 00:10:39,040 --> 00:10:40,560 Speaker 1: wait and see. We're gonna keep talking about it, We're 195 00:10:40,559 --> 00:10:43,160 Speaker 1: gonna keep covering it. And just as a disclaimer, Michael Bloomberg, 196 00:10:43,160 --> 00:10:45,720 Speaker 1: owner of Bloomberg LP, the parent company of Bloomberg News, 197 00:10:45,760 --> 00:10:48,360 Speaker 1: founded and helps fund every Town for Gun Safety, and 198 00:10:48,400 --> 00:10:51,960 Speaker 1: nonprofit that advocates for universal background checks and other gun 199 00:10:52,320 --> 00:10:56,720 Speaker 1: violence prevention programs. You can download the Bloomberg Business I'm Sorry. 200 00:10:56,720 --> 00:11:00,000 Speaker 1: You can download the Bloomberg Sound On podcast on applitude 201 00:11:00,040 --> 00:11:03,040 Speaker 1: to Bloomberg dot com, or by downloading the Bloomberg Business app. 202 00:11:03,040 --> 00:11:05,040 Speaker 1: You can also find me on Radio, dot Com, I 203 00:11:05,160 --> 00:11:09,000 Speaker 1: Heart Radio and Spotify. I'm Kevin Cirelli. Panel stays, you're 204 00:11:09,040 --> 00:11:18,480 Speaker 1: listening to Bloomberg. This is Bloomberg Sound On with Kevin 205 00:11:18,520 --> 00:11:22,640 Speaker 1: Surrel on Bloomberg one and one oh five point seven 206 00:11:22,640 --> 00:11:26,320 Speaker 1: f m h D two. They served as a very 207 00:11:26,360 --> 00:11:30,840 Speaker 1: good deterrent if people come into our country illegally, they're 208 00:11:30,880 --> 00:11:34,800 Speaker 1: going out. They're not coming in illegally and staying. That 209 00:11:34,920 --> 00:11:38,240 Speaker 1: was President Trump speaking earlier today before leaving the White 210 00:11:38,240 --> 00:11:42,080 Speaker 1: House for fundraisers on New York's Long Island. He was 211 00:11:42,120 --> 00:11:45,800 Speaker 1: referring to this week's ice round up of hundreds of 212 00:11:45,840 --> 00:11:49,640 Speaker 1: immigrants in Mississippi, saying that it should be a warning 213 00:11:49,679 --> 00:11:53,640 Speaker 1: to those outside of the United States. I'm Kevin Cirelli, 214 00:11:53,679 --> 00:11:57,720 Speaker 1: Chief Washington correspondent for Bloomberg Television, Bloomberg Radio. Wendy Benjaminson 215 00:11:57,800 --> 00:12:01,640 Speaker 1: is here. She had Bloomberg New Politics editor. Ben Chang 216 00:12:01,679 --> 00:12:06,079 Speaker 1: is the former White House National Security Council Director of Communications, 217 00:12:06,080 --> 00:12:09,800 Speaker 1: and Mark Ross is founder of Territal Global, which specializes 218 00:12:09,840 --> 00:12:13,720 Speaker 1: in thought leader strategy for executives and entrepreneurs. Wendy I 219 00:12:13,880 --> 00:12:17,320 Speaker 1: Ken Kuchinelli on He's the head of all of this 220 00:12:17,400 --> 00:12:22,560 Speaker 1: at dhs UH in on Bloomberg Television earlier today, and 221 00:12:22,679 --> 00:12:25,319 Speaker 1: he was making the point to me from his from 222 00:12:25,320 --> 00:12:31,880 Speaker 1: the administration's perspective that some of these individuals who were 223 00:12:32,480 --> 00:12:36,000 Speaker 1: or who were rounded up and deported, we're already given 224 00:12:36,679 --> 00:12:41,280 Speaker 1: the ultimatum by the United States government to self deport 225 00:12:41,679 --> 00:12:45,240 Speaker 1: and that the administration was put in a position where 226 00:12:45,240 --> 00:12:49,800 Speaker 1: they had to do these roundups. Well, I'm not gonna 227 00:12:49,880 --> 00:12:54,200 Speaker 1: question what Secretary Cochinelli said, um, but the difference I 228 00:12:54,280 --> 00:12:58,280 Speaker 1: think in uh, in the way the Trump administration is 229 00:12:58,320 --> 00:13:01,240 Speaker 1: handling these raids is more or in the organization and 230 00:13:01,280 --> 00:13:05,040 Speaker 1: the optics. Right. I lived in Houston, Texas for twenty years, 231 00:13:05,120 --> 00:13:08,160 Speaker 1: and ice raids are nothing new, all right. They have 232 00:13:08,280 --> 00:13:12,160 Speaker 1: been happening in the Obama administration and the Bush administration, etcetera, etcetera, 233 00:13:12,160 --> 00:13:16,360 Speaker 1: all the way back to Reagan. The the difference is 234 00:13:16,440 --> 00:13:19,679 Speaker 1: that no one made any arrangements for the children. No 235 00:13:19,720 --> 00:13:24,080 Speaker 1: one said, you know, somebody's there's got to be social 236 00:13:24,080 --> 00:13:26,240 Speaker 1: service workers there to make sure the kids don't come 237 00:13:26,240 --> 00:13:28,400 Speaker 1: home and see a rect department and no parents there 238 00:13:28,640 --> 00:13:31,240 Speaker 1: and they're just sitting on the stoop crying. I mean, 239 00:13:31,360 --> 00:13:34,840 Speaker 1: there's got to be some way of organizing this better, 240 00:13:34,920 --> 00:13:37,840 Speaker 1: so it isn't the bad bad for the children, and 241 00:13:37,920 --> 00:13:41,319 Speaker 1: bad optics for the administration. I will say I come 242 00:13:41,360 --> 00:13:43,920 Speaker 1: at this from the perspective of being a former diplomat 243 00:13:43,960 --> 00:13:46,840 Speaker 1: who served in El Salvador, and from that side of 244 00:13:46,840 --> 00:13:50,160 Speaker 1: the equation. What I find missing is this idea that 245 00:13:50,760 --> 00:13:54,079 Speaker 1: these families are being foisted upon the United States and 246 00:13:54,160 --> 00:13:56,720 Speaker 1: that a claim of asylum is right up there with 247 00:13:56,760 --> 00:13:59,760 Speaker 1: illegal immigration, which are very different things. And when I 248 00:13:59,800 --> 00:14:02,280 Speaker 1: was your minded of in this last week, but also 249 00:14:02,320 --> 00:14:05,320 Speaker 1: this past year of immigration debate, is the fact that 250 00:14:05,360 --> 00:14:08,040 Speaker 1: the ties between the United States and the countries of 251 00:14:08,040 --> 00:14:10,520 Speaker 1: Central American what I saw was in El Salvador are 252 00:14:10,559 --> 00:14:14,320 Speaker 1: so strong financially and culturally that we are jettising a 253 00:14:14,320 --> 00:14:17,200 Speaker 1: lot of that through our demands for these countries to 254 00:14:17,760 --> 00:14:22,480 Speaker 1: either pay or to UH enact penalties upon people in 255 00:14:22,480 --> 00:14:27,200 Speaker 1: their own countries UH And ultimately that's not sustainable to 256 00:14:27,240 --> 00:14:29,560 Speaker 1: put that burden on these countries to actually address the problem. 257 00:14:29,640 --> 00:14:31,760 Speaker 1: Ben Chang is here. He's the former White House National 258 00:14:31,760 --> 00:14:37,040 Speaker 1: Security Council Director of Communications, and obviously hows Uh served 259 00:14:37,320 --> 00:14:39,960 Speaker 1: overseas as well. You made an interesting point about the 260 00:14:40,120 --> 00:14:42,280 Speaker 1: and I want to follow up on this about the 261 00:14:42,280 --> 00:14:47,200 Speaker 1: difference between seeking asylum and illegal immigration. Can you elaborate 262 00:14:47,240 --> 00:14:50,440 Speaker 1: on that difference, sure, and mainly from the perspective of 263 00:14:50,480 --> 00:14:56,320 Speaker 1: a visa officer and an embassy overseas. Um there are many, 264 00:14:56,320 --> 00:14:59,200 Speaker 1: many examples. It's not discounting the pressure of this country 265 00:14:59,200 --> 00:15:01,960 Speaker 1: faces from illegal immigration, but we have been a beacon 266 00:15:01,960 --> 00:15:05,880 Speaker 1: throughout our history for those who are pressed overseas, including 267 00:15:05,880 --> 00:15:08,120 Speaker 1: those south of our border. And what we've seemed to 268 00:15:08,160 --> 00:15:10,720 Speaker 1: have thrown out is that fundamental principle that there are 269 00:15:10,800 --> 00:15:15,080 Speaker 1: people who are fleeing political conditions, economic conditions in their 270 00:15:15,120 --> 00:15:18,640 Speaker 1: countries and have legitimate claims to asylum, which has been 271 00:15:18,640 --> 00:15:22,680 Speaker 1: a fundamental principle of the building of our country. And 272 00:15:22,920 --> 00:15:25,360 Speaker 1: what we don't have is the capacity that's been put 273 00:15:25,400 --> 00:15:28,680 Speaker 1: into Great Relief to process those claims, but rather than 274 00:15:28,680 --> 00:15:31,920 Speaker 1: expending it, but don't have the capacity to process those claims. 275 00:15:31,960 --> 00:15:34,600 Speaker 1: That means that the courts there's a backlog, right so 276 00:15:34,640 --> 00:15:36,360 Speaker 1: among other things, and that's that has been addressed to. 277 00:15:36,400 --> 00:15:38,400 Speaker 1: This administration has brought it up, and there's been pressure 278 00:15:38,400 --> 00:15:42,240 Speaker 1: put on Congress to address that. But the took back 279 00:15:42,280 --> 00:15:46,800 Speaker 1: to your point about organization and optics. Uh, there's clearly 280 00:15:46,800 --> 00:15:49,400 Speaker 1: a message being sent and it isn't about building up 281 00:15:49,560 --> 00:15:52,280 Speaker 1: ability to process these cases. So I was at the 282 00:15:52,280 --> 00:15:55,160 Speaker 1: Department of Justice earlier this week for a pen and 283 00:15:55,200 --> 00:15:58,200 Speaker 1: pad briefing with the administration. In turn, you know, for 284 00:15:58,200 --> 00:16:01,080 Speaker 1: for those it's where they do the like on background 285 00:16:01,160 --> 00:16:03,720 Speaker 1: so you can ask questions and whatnot. So I'm that 286 00:16:03,840 --> 00:16:06,400 Speaker 1: the isn't it isn't it the Robert F. Kennedy Building 287 00:16:06,520 --> 00:16:08,760 Speaker 1: or the Yeah, the Robert F. Kennedy Building at the 288 00:16:08,800 --> 00:16:12,119 Speaker 1: Department of Justice getting briefed by the Trump administration on immigration, 289 00:16:12,640 --> 00:16:16,360 Speaker 1: And I was struck by by a point that Ben 290 00:16:16,800 --> 00:16:19,800 Speaker 1: just raised, which is and this I think gets lost 291 00:16:19,800 --> 00:16:24,960 Speaker 1: And in all of these heated conversations, people are seeking 292 00:16:25,160 --> 00:16:30,080 Speaker 1: asylum and the courts don't have the capacity to process 293 00:16:30,240 --> 00:16:35,880 Speaker 1: these asylums. So there are literally cases where there are 294 00:16:35,920 --> 00:16:38,840 Speaker 1: there are not enough attorneys to represent these individuals. There 295 00:16:38,840 --> 00:16:41,840 Speaker 1: are not enough judges to process these cases. They're having 296 00:16:41,880 --> 00:16:43,960 Speaker 1: to do something like one judge is having to do 297 00:16:44,000 --> 00:16:46,840 Speaker 1: like seven hundred on average, according to the administration, seven 298 00:16:46,920 --> 00:16:50,320 Speaker 1: hundred on average cases a year. And now we're left 299 00:16:50,360 --> 00:16:53,720 Speaker 1: in a situation like we have in Mississippi Mark Cross, 300 00:16:53,880 --> 00:17:01,720 Speaker 1: where businesses are the scene for this type of activity. 301 00:17:01,840 --> 00:17:05,960 Speaker 1: What if you're a business organization right now and and 302 00:17:05,960 --> 00:17:09,760 Speaker 1: and that this could happen at your company. What messages 303 00:17:09,800 --> 00:17:12,000 Speaker 1: the Trump administration sending to you, like they sent to 304 00:17:12,040 --> 00:17:15,040 Speaker 1: the businesses in Mississippi. Well, I think they're trying to 305 00:17:15,200 --> 00:17:17,199 Speaker 1: the Trump administration is trying to say the business that 306 00:17:17,240 --> 00:17:20,960 Speaker 1: you need to be an additional check on who you're employing. 307 00:17:21,080 --> 00:17:23,679 Speaker 1: And this I think what's interesting about the asylum issue 308 00:17:23,880 --> 00:17:26,879 Speaker 1: and even the immigration issue overall, it's just it's a 309 00:17:26,920 --> 00:17:30,439 Speaker 1: reflection I think of the economic stress that's being felt 310 00:17:30,920 --> 00:17:35,840 Speaker 1: across the country, and unfortunately, those that are seeking asylument 311 00:17:35,840 --> 00:17:39,640 Speaker 1: this country have been an easy scapegoat for cheap political 312 00:17:39,720 --> 00:17:43,600 Speaker 1: theater and also cheap political tactics. Um. You know, I 313 00:17:43,640 --> 00:17:46,400 Speaker 1: wonder if our economy was moving at four or five percent, 314 00:17:46,520 --> 00:17:49,800 Speaker 1: if there was more economic prosperity, would we be a 315 00:17:49,840 --> 00:17:52,560 Speaker 1: more generous nation as we have in the past. Has 316 00:17:52,600 --> 00:17:55,359 Speaker 1: been talked out in our history of being a beacon 317 00:17:55,520 --> 00:17:59,760 Speaker 1: and allowing those from around the world to seek asylum here. Um. So, 318 00:17:59,880 --> 00:18:04,320 Speaker 1: the very unfortunate situation, but the economics of it, I 319 00:18:04,320 --> 00:18:06,040 Speaker 1: don't think we can annore. And it gets back to 320 00:18:06,040 --> 00:18:08,280 Speaker 1: the business community, all right, coming up, We're gonna talk 321 00:18:08,320 --> 00:18:11,399 Speaker 1: more politics, more policy about these issues. Plus we'll get 322 00:18:11,480 --> 00:18:14,000 Speaker 1: to check in at the Iowa State Fair where all 323 00:18:14,040 --> 00:18:17,440 Speaker 1: the presidential candidates are eating fried oreos. We're not eating 324 00:18:17,440 --> 00:18:19,920 Speaker 1: fried oreos here in Washington. We should be. But you 325 00:18:19,920 --> 00:18:22,760 Speaker 1: can download the Bloomberg Sound On podcast on Apple i Tunes, 326 00:18:22,760 --> 00:18:26,200 Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business App. 327 00:18:26,280 --> 00:18:28,159 Speaker 1: You can also find me on Radio dot com, I 328 00:18:28,240 --> 00:18:31,800 Speaker 1: Heart Radio, and Spotify. I'm Kevin SURREALI It's Friday. I 329 00:18:31,800 --> 00:18:33,920 Speaker 1: thought it would never come, but here we are. You're 330 00:18:33,960 --> 00:18:43,320 Speaker 1: listening to Bloomberg. You're listening to Bloomberg Sound On with 331 00:18:43,400 --> 00:18:47,480 Speaker 1: Kevin Sirelate on Bloomberg and one A five point seven 332 00:18:47,520 --> 00:18:51,240 Speaker 1: a m h D two. The American taxpayers not paying 333 00:18:51,280 --> 00:18:55,000 Speaker 1: for it. What China is doing is by depressing their 334 00:18:55,040 --> 00:18:59,640 Speaker 1: currency and by pouring tremendous amounts of money into their system, 335 00:18:59,680 --> 00:19:02,880 Speaker 1: they're paying for it. That was President Trump speaking earlier 336 00:19:02,920 --> 00:19:07,080 Speaker 1: today at the White House regarding the US China trade talks. 337 00:19:07,119 --> 00:19:10,440 Speaker 1: He says that the American tax payer is not paying 338 00:19:11,080 --> 00:19:15,159 Speaker 1: for the tariffs that he has implemented against China. I'm 339 00:19:15,240 --> 00:19:18,639 Speaker 1: Kevin Sireli, Chief Washington correspondent for Bloomberg TV and Bloomberg Radio. 340 00:19:18,680 --> 00:19:21,120 Speaker 1: Mark Ross is here. He is the founder of Charical Global. 341 00:19:21,440 --> 00:19:25,199 Speaker 1: He also previously worked at the US China Chamber of 342 00:19:25,320 --> 00:19:28,840 Speaker 1: Commerce as a communications director. Mark Alright, so many quick 343 00:19:28,880 --> 00:19:31,480 Speaker 1: headlines to get through to wrap up what was a wild, 344 00:19:31,920 --> 00:19:36,080 Speaker 1: wild week with US China trade talks. But first and foremost, 345 00:19:36,240 --> 00:19:39,920 Speaker 1: the issue of tariffs is not just uniquely an issue 346 00:19:40,440 --> 00:19:44,000 Speaker 1: where it's republican versus democrat. There are splits in both 347 00:19:44,080 --> 00:19:47,560 Speaker 1: parties about whether or not tariffs are an appropriate tool 348 00:19:47,640 --> 00:19:50,639 Speaker 1: to utilize when it comes to negotiating with in this 349 00:19:50,680 --> 00:19:54,480 Speaker 1: case the Chinese. No, it's correct, and there it's a 350 00:19:54,560 --> 00:19:57,280 Speaker 1: feel good in my mind, and I think most economist 351 00:19:57,280 --> 00:19:59,760 Speaker 1: would agree is a feel good tactic, and it shows 352 00:19:59,800 --> 00:20:02,359 Speaker 1: the ability to push back, which a lot of American 353 00:20:02,440 --> 00:20:04,840 Speaker 1: voters are in support of right now that the China 354 00:20:04,920 --> 00:20:08,359 Speaker 1: economy has been a little bit too aggressive. The Chinese 355 00:20:08,560 --> 00:20:10,679 Speaker 1: have not opened their economy as much as we would like, 356 00:20:10,760 --> 00:20:12,639 Speaker 1: and they're not buying as many of our products. So 357 00:20:12,680 --> 00:20:15,920 Speaker 1: the sheriffs have been an easy political remedy to try 358 00:20:15,920 --> 00:20:18,040 Speaker 1: to change the relationship. All right, So there's a couple 359 00:20:18,080 --> 00:20:20,119 Speaker 1: of quick headlines to get through. But first and foremost 360 00:20:20,160 --> 00:20:25,080 Speaker 1: with regards to China's Squawei, the President delaying a certain decision. 361 00:20:25,160 --> 00:20:27,120 Speaker 1: What can you tell us about what happened this week, 362 00:20:27,320 --> 00:20:29,920 Speaker 1: in the past twenty four hours really with Huawei? Well, 363 00:20:30,000 --> 00:20:31,960 Speaker 1: the U S Government said when the US government as 364 00:20:32,000 --> 00:20:34,280 Speaker 1: an entity will not be able to buy Huawei products. 365 00:20:34,359 --> 00:20:36,639 Speaker 1: The next step is whether or not the President will 366 00:20:36,680 --> 00:20:40,560 Speaker 1: allow US companies to trade goods and parts that are 367 00:20:40,600 --> 00:20:44,120 Speaker 1: necessary for Hahwei to build their components. Um. I think 368 00:20:44,160 --> 00:20:47,240 Speaker 1: this is another tactic. Uh, there's a lot of mixed messages. 369 00:20:47,359 --> 00:20:49,840 Speaker 1: You know. Not the national security people see Huawei as 370 00:20:49,880 --> 00:20:52,720 Speaker 1: a threat to domestic security here in the US, but 371 00:20:52,760 --> 00:20:55,080 Speaker 1: there are U S companies Qualcom for example, that would 372 00:20:55,119 --> 00:20:57,720 Speaker 1: like to sell equipment. Also, our allies around the world 373 00:20:57,760 --> 00:21:00,919 Speaker 1: are buying Huawei equipment to build their next five G network. 374 00:21:01,720 --> 00:21:04,960 Speaker 1: I think there's a lot of smoke signals, and it's 375 00:21:05,000 --> 00:21:07,920 Speaker 1: another tool or another pond to try to force China 376 00:21:08,000 --> 00:21:11,480 Speaker 1: to do the right thing. And and just a supply chain, really, 377 00:21:11,520 --> 00:21:15,800 Speaker 1: America's supply chains is domestically the economic indicator in terms 378 00:21:15,840 --> 00:21:17,840 Speaker 1: of why folks care. And then there's of course the 379 00:21:17,920 --> 00:21:20,880 Speaker 1: national security angle. The second point I want to make though, 380 00:21:20,880 --> 00:21:23,120 Speaker 1: in terms of these big developments, is that President Trump 381 00:21:23,160 --> 00:21:25,960 Speaker 1: says he's okay if these trade talks that were planned 382 00:21:26,000 --> 00:21:28,359 Speaker 1: for here in d C in September or Beijing was 383 00:21:28,359 --> 00:21:31,400 Speaker 1: gonna come over and negotiate, if they call him off. Wow, 384 00:21:32,240 --> 00:21:34,640 Speaker 1: uh sure I believe that at all. I mean, what's 385 00:21:34,640 --> 00:21:38,520 Speaker 1: interesting is on Monday the President and the the Trump 386 00:21:38,520 --> 00:21:42,120 Speaker 1: administration labeled China currency manipulator. Which is that was only 387 00:21:42,160 --> 00:21:46,560 Speaker 1: on Monday, which is hard to leave. That was even 388 00:21:46,560 --> 00:21:49,359 Speaker 1: before the nine O two one reboot anyways, that was 389 00:21:49,400 --> 00:21:53,119 Speaker 1: on that that was on Wednesday two one was back. Anyways, 390 00:21:52,600 --> 00:21:56,000 Speaker 1: it is it's back to stay focused, cod surly, come on, 391 00:21:56,040 --> 00:21:59,720 Speaker 1: it's Friday. The trade talks China September could be gone. 392 00:21:59,720 --> 00:22:01,119 Speaker 1: I don't think they're gonna happen. I think it's a 393 00:22:01,160 --> 00:22:02,800 Speaker 1: lot of talk. Why would trying to show up there's 394 00:22:02,800 --> 00:22:06,640 Speaker 1: nothing happening the China currency. Labeling them as a minipulator 395 00:22:07,080 --> 00:22:09,960 Speaker 1: is really going to be seen as an unprofessional step 396 00:22:10,200 --> 00:22:13,520 Speaker 1: by the US governments. Doesn't really mean anything. Though. The 397 00:22:13,560 --> 00:22:15,800 Speaker 1: bigger the point three, and this is what I want 398 00:22:15,840 --> 00:22:18,600 Speaker 1: to really want to wrap this up with, is President 399 00:22:18,640 --> 00:22:21,320 Speaker 1: Trump says that he is not going to devalue the 400 00:22:21,400 --> 00:22:25,600 Speaker 1: dollar and utilize the FX markets or the foreign exchange 401 00:22:25,680 --> 00:22:28,800 Speaker 1: markets to somehow bring that into the mix. And that 402 00:22:28,960 --> 00:22:32,919 Speaker 1: would be should he do that, a colossal red flag 403 00:22:33,119 --> 00:22:36,280 Speaker 1: for Wall Street as that much more so than labeling 404 00:22:36,480 --> 00:22:39,639 Speaker 1: China currency manipulation. But he may continue to put pressure 405 00:22:39,640 --> 00:22:41,840 Speaker 1: on your own palty cut interest rate. So I think 406 00:22:41,880 --> 00:22:44,119 Speaker 1: what's interesting about President Trump is he's trying to have 407 00:22:44,200 --> 00:22:47,560 Speaker 1: it every possible way. I would actually, when it comes 408 00:22:47,560 --> 00:22:50,640 Speaker 1: to US generalations, disregard what he's actually saying, because it's 409 00:22:51,359 --> 00:22:53,800 Speaker 1: a little bit of smoke and mirrors and distractions. I 410 00:22:53,840 --> 00:22:55,720 Speaker 1: would look at what's happening around the world in terms 411 00:22:55,760 --> 00:22:58,760 Speaker 1: of interest rates being cut in New Zealand, India, Thailand, 412 00:22:58,840 --> 00:23:01,680 Speaker 1: and also a bigger issue, frankly is Hong Kong. The 413 00:23:01,760 --> 00:23:04,600 Speaker 1: protests are now entering their tenth week. UH, they've shut 414 00:23:04,680 --> 00:23:07,840 Speaker 1: down the airport. Um. There's a lot of activity going 415 00:23:07,840 --> 00:23:09,080 Speaker 1: on in that part of the world. And I think 416 00:23:09,119 --> 00:23:11,480 Speaker 1: the idea that President Trump doesn't want to deal with 417 00:23:11,680 --> 00:23:15,880 Speaker 1: China is fanciful. And why is there so with all 418 00:23:15,920 --> 00:23:19,320 Speaker 1: of this and people are surprised that there's uncertainty about 419 00:23:19,440 --> 00:23:22,080 Speaker 1: the US China trade talks coming up much more policy 420 00:23:22,080 --> 00:23:24,879 Speaker 1: and politics. We had to Iowa, Hawkeye State for the 421 00:23:25,000 --> 00:23:28,560 Speaker 1: Iowa State Fair. Download the Bloomberg Sound On podcast on 422 00:23:28,640 --> 00:23:31,399 Speaker 1: Apple iTunes, at Bloomberg dot com, or by downloading the 423 00:23:31,400 --> 00:23:34,000 Speaker 1: Bloomberg Business App. You can also find us on Radio 424 00:23:34,119 --> 00:23:36,960 Speaker 1: dot com, i Heart Radio, and Spotify. I'm Kevin Sarelli. 425 00:23:37,119 --> 00:23:48,520 Speaker 1: You're listening to Bloomberg. This is Bloomberg's Sound On with 426 00:23:48,720 --> 00:23:52,800 Speaker 1: Kevin Shirley on Bloomberg one and one oh five point 427 00:23:52,920 --> 00:23:56,120 Speaker 1: seven f m h D two and Surreally, Chief Washington 428 00:23:56,160 --> 00:24:00,560 Speaker 1: correspondent for Bloomberg Television Bloomberg Radio. I'm broadcasting from Washington, 429 00:24:00,680 --> 00:24:03,320 Speaker 1: d C. Wishing I was in Iowa at the Iowa 430 00:24:03,359 --> 00:24:08,280 Speaker 1: State Fair, were virtually every Democratic presidential candidate is camped 431 00:24:08,320 --> 00:24:10,960 Speaker 1: out over the week. Not technically camping, but they're all there. 432 00:24:11,359 --> 00:24:13,240 Speaker 1: If you've never been to the Iowa State Fair or 433 00:24:13,320 --> 00:24:16,280 Speaker 1: any really large day fair, there's so much fun. They've 434 00:24:16,320 --> 00:24:20,840 Speaker 1: got like fried everything, frieda oreos, Friday ice cream, fried cheesecake, 435 00:24:21,000 --> 00:24:24,119 Speaker 1: fried butter. I mean, it's so good. With me for 436 00:24:24,480 --> 00:24:28,520 Speaker 1: the hour, helping us navigate through a dizzying week and 437 00:24:28,600 --> 00:24:32,520 Speaker 1: a dizzy day of political policy headlines. Mark Ross, founder 438 00:24:32,560 --> 00:24:36,320 Speaker 1: of Charicle Global. Ben Chang former White House National Security 439 00:24:36,359 --> 00:24:40,199 Speaker 1: Council Director of Communication. Now he's at Princeton University as 440 00:24:40,240 --> 00:24:44,520 Speaker 1: a spokesperson for Princeton University. And Wendy Benjaminson, Bloomberg News 441 00:24:45,280 --> 00:24:49,280 Speaker 1: Politics editor. Wendy Joe Biden, the presidential front runner on 442 00:24:49,400 --> 00:24:52,280 Speaker 1: the Democrats, he had a gaff. He had a gaff. 443 00:24:52,320 --> 00:24:54,720 Speaker 1: Tell us about the gaff, and tell us what the 444 00:24:54,800 --> 00:24:59,760 Speaker 1: fallout has been. Joe Biden had a gaff. Actually, choccer 445 00:25:00,040 --> 00:25:04,359 Speaker 1: can breaking news. But the breaking news is that that 446 00:25:04,600 --> 00:25:06,399 Speaker 1: the one that you've all read about today is not 447 00:25:07,720 --> 00:25:09,800 Speaker 1: the only gap. He's made. At the IOA State Fair. 448 00:25:10,080 --> 00:25:12,800 Speaker 1: He has said we should choose truth over facts, when 449 00:25:12,840 --> 00:25:15,399 Speaker 1: he meant truth overlies. He has problem with opposites. He 450 00:25:15,480 --> 00:25:18,720 Speaker 1: has twice referred to former British Prime Minister Theresa May 451 00:25:18,880 --> 00:25:22,080 Speaker 1: as Margaret Thatcher, which just shows that his mind is 452 00:25:22,119 --> 00:25:25,960 Speaker 1: sort of stuck in a previous era. Earlier in the week, 453 00:25:26,080 --> 00:25:29,120 Speaker 1: he after the shootings, he talked about Houston and Michigan, 454 00:25:29,160 --> 00:25:31,800 Speaker 1: which are the sites of the presidential debates, not El 455 00:25:31,840 --> 00:25:35,360 Speaker 1: Paso and Dayton where the shootings tragically happened. And then 456 00:25:35,600 --> 00:25:39,400 Speaker 1: last night, last night he was talking to the Asian 457 00:25:39,560 --> 00:25:43,280 Speaker 1: and Latino Coalition of Des Moines, Iowa. And he was 458 00:25:43,320 --> 00:25:45,879 Speaker 1: talking about education, and he was trying to say that 459 00:25:46,119 --> 00:25:49,159 Speaker 1: education should be equal for everyone, no matter what your 460 00:25:49,200 --> 00:25:52,960 Speaker 1: parents income. And he actually said poor kids are as 461 00:25:53,280 --> 00:25:57,040 Speaker 1: bright as white kids. Then he sort of stopped and 462 00:25:57,119 --> 00:26:01,200 Speaker 1: you could see his face working, his working behind his eyes, 463 00:26:01,240 --> 00:26:05,399 Speaker 1: and he said wealthy kids, black kids, Asian kids, whatever. Um, 464 00:26:05,560 --> 00:26:09,200 Speaker 1: but he actually said poor kids are brighter than white kids. 465 00:26:09,400 --> 00:26:12,679 Speaker 1: Now the campaign has well. The Trump campaign first posted 466 00:26:12,720 --> 00:26:15,960 Speaker 1: the video and was gleeful, and then Biden came out 467 00:26:16,000 --> 00:26:18,719 Speaker 1: and said, you know, look, it was a mistake, and um, 468 00:26:19,160 --> 00:26:20,760 Speaker 1: you know, I tried to quickly correct it as much 469 00:26:20,800 --> 00:26:22,680 Speaker 1: as I could. I just tripped over my words. But 470 00:26:22,840 --> 00:26:25,920 Speaker 1: he's been tripping over his words since the seventies. That's 471 00:26:26,119 --> 00:26:28,240 Speaker 1: the difference is that it's not that he's some daughter 472 00:26:28,280 --> 00:26:30,400 Speaker 1: or an old man. He's been tripping over his words 473 00:26:30,440 --> 00:26:33,080 Speaker 1: since he was barely middle aged. You know, I trip 474 00:26:33,200 --> 00:26:35,200 Speaker 1: every single day over my words. And I'm just, you know, 475 00:26:35,280 --> 00:26:37,800 Speaker 1: I just trying to stay not running for president, and 476 00:26:38,119 --> 00:26:41,200 Speaker 1: nor will I ever be here. I want to play 477 00:26:41,240 --> 00:26:42,960 Speaker 1: what President Trump had to say, and then I want 478 00:26:42,960 --> 00:26:46,320 Speaker 1: to get Ben Chang's thoughts on it, because I think 479 00:26:46,760 --> 00:26:49,200 Speaker 1: this is how Joe Biden will be attacked from the right. 480 00:26:49,680 --> 00:26:51,560 Speaker 1: And take a listen to what President Trump had to 481 00:26:51,600 --> 00:26:53,240 Speaker 1: say as a as a result of all of the 482 00:26:53,320 --> 00:26:56,480 Speaker 1: guests that Wendy's just reported on, here's President Trump, Joe 483 00:26:56,600 --> 00:26:59,359 Speaker 1: Biden not playing with a full back. This is not 484 00:26:59,560 --> 00:27:02,680 Speaker 1: somebody you could have as your president. But if he 485 00:27:02,800 --> 00:27:06,600 Speaker 1: got the nomination, I'd be thrilled, Ben Chang. This was 486 00:27:06,840 --> 00:27:11,400 Speaker 1: exactly what candidate Donald Trump did against Hillary Clinton when 487 00:27:11,520 --> 00:27:14,760 Speaker 1: she had a viral video at the September eleventh in 488 00:27:14,840 --> 00:27:20,120 Speaker 1: New York City commemorative event when she felt fell over essentially, 489 00:27:20,480 --> 00:27:24,480 Speaker 1: and that went viral and and and attacked health. So indeed, 490 00:27:24,880 --> 00:27:27,520 Speaker 1: the conversation I imagine in the Biding cap now is 491 00:27:27,640 --> 00:27:32,280 Speaker 1: tightened up. Uh. And if that means uh, take a beat, 492 00:27:32,320 --> 00:27:34,639 Speaker 1: whatever it is. I would say also to all of 493 00:27:34,760 --> 00:27:37,119 Speaker 1: us out there in radio land to not take the 494 00:27:37,200 --> 00:27:41,399 Speaker 1: bait um that the Biding campaign needs to plow ahead 495 00:27:41,480 --> 00:27:44,280 Speaker 1: through this and stick to frankly, what had been working, 496 00:27:44,440 --> 00:27:46,640 Speaker 1: This pity that had been sticking to the wall, which 497 00:27:46,760 --> 00:27:49,920 Speaker 1: is abuse of power, the culture, this administration's engendering, and 498 00:27:50,040 --> 00:27:52,440 Speaker 1: so on. But it hasn't really. I mean, this is 499 00:27:52,480 --> 00:27:54,840 Speaker 1: a thing like I feel two things. First and foremost, 500 00:27:55,000 --> 00:27:57,160 Speaker 1: I would respectfully disagree. I don't think they should tighten 501 00:27:57,240 --> 00:27:59,119 Speaker 1: up Mark Ross. I think they should actually, I mean, 502 00:27:59,160 --> 00:28:01,639 Speaker 1: he's he's been Wendy's just said it. He's been tripping 503 00:28:01,680 --> 00:28:04,200 Speaker 1: over his words since before I was born. Yeah, this 504 00:28:04,320 --> 00:28:06,520 Speaker 1: is nothing to put him out there. But the second 505 00:28:06,640 --> 00:28:08,719 Speaker 1: point that I would argue, and I want to get 506 00:28:08,760 --> 00:28:14,240 Speaker 1: your take on Mark, is essentially like, if you keep 507 00:28:14,280 --> 00:28:17,320 Speaker 1: putting him out there and you keep plowing ahead, then 508 00:28:17,400 --> 00:28:21,400 Speaker 1: it almost becomes like he's teflon don I don't really Yeah, 509 00:28:21,400 --> 00:28:23,240 Speaker 1: I don't really know what to tell the Biden campaign 510 00:28:23,320 --> 00:28:26,119 Speaker 1: other than he's gonna make gaps. He's gonna make mistakes. 511 00:28:26,200 --> 00:28:28,359 Speaker 1: Some of these are pretty horrific. Not knowing Theresa May 512 00:28:28,800 --> 00:28:31,760 Speaker 1: for smart Thatcher's Prime Minister is pretty interesting. I think 513 00:28:32,240 --> 00:28:35,480 Speaker 1: for the Biden campaign, his biggest strength is that he 514 00:28:35,600 --> 00:28:38,600 Speaker 1: actually knows how to be president. He actually knows how 515 00:28:38,640 --> 00:28:41,520 Speaker 1: to show heart, and his ability to do that consistently 516 00:28:42,080 --> 00:28:43,520 Speaker 1: for the next few months is gonna be really key. 517 00:28:43,640 --> 00:28:46,000 Speaker 1: But you know, he's only at thirty percent, should be 518 00:28:46,040 --> 00:28:49,240 Speaker 1: at possibly if he was running a strong campaign. That's 519 00:28:49,280 --> 00:28:51,120 Speaker 1: the big question for the Biden campaign. Al Right, take 520 00:28:51,120 --> 00:28:52,920 Speaker 1: a listen to what Joe Biden had to say about 521 00:28:53,000 --> 00:28:55,200 Speaker 1: President Trump. Now that we heard from Trump, let's let's 522 00:28:55,240 --> 00:28:57,400 Speaker 1: balance it out. Here's what former Vice President Joe Biden 523 00:28:57,480 --> 00:29:00,240 Speaker 1: had to say about President Trump. For four more years, 524 00:29:00,680 --> 00:29:03,200 Speaker 1: whoever ends up being the nominee, it's not me. I 525 00:29:03,200 --> 00:29:07,440 Speaker 1: will work my heart out because we cannot sustain former 526 00:29:07,520 --> 00:29:11,640 Speaker 1: years of Donald Trump, right. I mean, that is the 527 00:29:11,720 --> 00:29:14,560 Speaker 1: theme of Biden's campaign right there. I'm not Donald Trump. 528 00:29:15,040 --> 00:29:18,360 Speaker 1: It That argument, however, did not work for Hillary Clinton 529 00:29:18,440 --> 00:29:21,360 Speaker 1: in because Trump would go out a rally and say, 530 00:29:21,680 --> 00:29:23,680 Speaker 1: what the heck do you have to lose? The trouble 531 00:29:23,800 --> 00:29:26,720 Speaker 1: is that I think Americans now have an answer to 532 00:29:26,800 --> 00:29:29,800 Speaker 1: that question and may decide to go for Biden. That 533 00:29:30,040 --> 00:29:32,720 Speaker 1: argument may work this time for Joe Biden. What about 534 00:29:32,720 --> 00:29:35,720 Speaker 1: other candidates in terms of let's broaden this discussion. Elizabeth 535 00:29:35,760 --> 00:29:38,760 Speaker 1: Warren is now a top tier candidate. Bernie Sanders the 536 00:29:38,840 --> 00:29:42,600 Speaker 1: top tier candidate. You're starting to see Senator Corey Booker. 537 00:29:42,680 --> 00:29:46,040 Speaker 1: Kamala Harris tried to continue their sent the Harris is 538 00:29:46,080 --> 00:29:49,800 Speaker 1: dipped a little bit. Is this continued gas for lack 539 00:29:49,840 --> 00:29:52,520 Speaker 1: of a better word, Ben Chang, is that providing an 540 00:29:52,560 --> 00:29:56,040 Speaker 1: opening for any other lane, less so for the Democratic 541 00:29:56,160 --> 00:30:00,280 Speaker 1: socialists like Warren who would refute that label and Bernie's enders, 542 00:30:00,360 --> 00:30:04,000 Speaker 1: but maybe another centrist. So they're gonna be, as the 543 00:30:04,560 --> 00:30:08,640 Speaker 1: panelists have said, ongoing hot pockets of gaffs and such um. 544 00:30:08,800 --> 00:30:12,640 Speaker 1: I do think that what really will drive the other 545 00:30:12,720 --> 00:30:17,360 Speaker 1: candidates uh polling and popularity will be debate performances and 546 00:30:17,440 --> 00:30:21,280 Speaker 1: the policies that would they draw policy distinctions with the 547 00:30:21,520 --> 00:30:24,360 Speaker 1: former vice president. I think that's where some of the 548 00:30:24,520 --> 00:30:27,480 Speaker 1: sticks because as when he said, he's been making gaffs. 549 00:30:27,680 --> 00:30:30,280 Speaker 1: Now what about these political outsiders, Because listen, let me 550 00:30:30,400 --> 00:30:32,680 Speaker 1: joke about the hot pockets of gaffs, and there have 551 00:30:32,840 --> 00:30:35,400 Speaker 1: been many hot pockets. But take a listen to what 552 00:30:35,560 --> 00:30:39,400 Speaker 1: mary Ann Williamson. I. I've interviewed marian Williams and she's 553 00:30:39,720 --> 00:30:43,240 Speaker 1: very an intriguing candidate. I don't think she's going anywhere. 554 00:30:43,320 --> 00:30:46,480 Speaker 1: But take a listen to what marian Williamson said. You 555 00:30:46,640 --> 00:30:50,480 Speaker 1: cannot look to the conventional political establishment to fix the problem. 556 00:30:50,760 --> 00:30:54,000 Speaker 1: They are the problem. It is time for the people 557 00:30:54,200 --> 00:30:59,600 Speaker 1: to step in. That was Marianne Williamson speaking very passionately 558 00:31:00,000 --> 00:31:02,600 Speaker 1: and changing. I mean, what do you say to folks 559 00:31:02,640 --> 00:31:06,800 Speaker 1: who are saying, you know what, give her, give her 560 00:31:06,840 --> 00:31:11,840 Speaker 1: a try. Look, she has defined a separate voice and 561 00:31:11,920 --> 00:31:13,800 Speaker 1: path on the debate stage. I think a lot of 562 00:31:13,920 --> 00:31:16,680 Speaker 1: us were discussing a minute ago how there's the traditional 563 00:31:16,720 --> 00:31:19,080 Speaker 1: approach to debates where the candidates have been going after 564 00:31:19,160 --> 00:31:23,560 Speaker 1: each other or the former president, which has been canceling 565 00:31:23,600 --> 00:31:25,760 Speaker 1: each other out. And then you have people like Mary 566 00:31:25,800 --> 00:31:28,880 Speaker 1: and Williamson who have really taken this other page. There 567 00:31:28,960 --> 00:31:31,040 Speaker 1: is something to learn from that. Even though, as you said, 568 00:31:31,080 --> 00:31:33,840 Speaker 1: she she won't become the candidate. Sadly, I think to 569 00:31:33,960 --> 00:31:37,400 Speaker 1: Mary and Williamson, show will be ending in September. Come on, 570 00:31:37,600 --> 00:31:42,920 Speaker 1: mark the long haul. Listen. The DNC has created these 571 00:31:42,960 --> 00:31:46,120 Speaker 1: insane rules. We actually have to register in the polls, 572 00:31:46,120 --> 00:31:48,280 Speaker 1: which she has failed to do, and she's not getting 573 00:31:48,280 --> 00:31:51,880 Speaker 1: the necessary fundraising numbers. So as much as we like her, 574 00:31:52,000 --> 00:31:55,160 Speaker 1: I think the show is over. I'm starting to have 575 00:31:55,240 --> 00:31:58,240 Speaker 1: a feeling looking at the polls that America doesn't want 576 00:31:58,880 --> 00:32:01,520 Speaker 1: a serious disrupt her. I think that's why Bernie Sanders 577 00:32:01,640 --> 00:32:03,680 Speaker 1: is having trouble latching on this time, and I think 578 00:32:03,720 --> 00:32:05,720 Speaker 1: that's true of Andrew Yang, and I think that's probably 579 00:32:05,760 --> 00:32:08,760 Speaker 1: true for Marian Williamson too, although, like I said, a 580 00:32:08,840 --> 00:32:11,280 Speaker 1: lot of my female friends seem to think she's cool, 581 00:32:11,320 --> 00:32:13,440 Speaker 1: even though they don't want her to be president. Um. 582 00:32:13,880 --> 00:32:17,320 Speaker 1: But you know, I think the country is looking for, um, 583 00:32:17,880 --> 00:32:22,040 Speaker 1: a little stability. That's what the polls seemed to be reflecting. Biden, 584 00:32:22,360 --> 00:32:26,600 Speaker 1: Warren Harris, kind of serious people with experience. I want 585 00:32:26,640 --> 00:32:28,600 Speaker 1: to I want to ask Ben Channing to put on 586 00:32:28,680 --> 00:32:31,440 Speaker 1: his National Security Council cap for us just for a second. 587 00:32:31,520 --> 00:32:35,080 Speaker 1: Mary and Williamson has called for the Department of Peace. Right, 588 00:32:35,200 --> 00:32:37,840 Speaker 1: She's called for a Department of Children as well. I 589 00:32:37,920 --> 00:32:40,360 Speaker 1: want to stick with the Department of Peace in particular 590 00:32:40,600 --> 00:32:43,840 Speaker 1: because that is not a foreign concept. What she's advocating 591 00:32:43,920 --> 00:32:47,240 Speaker 1: for is an increased in SOLF power utilized by the 592 00:32:47,280 --> 00:32:50,840 Speaker 1: State's department in emerging markets in countries that are yes 593 00:32:50,880 --> 00:32:53,120 Speaker 1: and for lack of a better word, a hot pocket 594 00:32:53,520 --> 00:32:57,880 Speaker 1: for for terrorist activity or terrorist recruitment. And what she's 595 00:32:57,920 --> 00:33:00,680 Speaker 1: saying is utilizing programs like the Peace or for example, 596 00:33:00,720 --> 00:33:03,719 Speaker 1: which America has a history of, to create a new 597 00:33:03,760 --> 00:33:06,680 Speaker 1: agency that would, I don't know, foster economic growth in 598 00:33:06,800 --> 00:33:11,440 Speaker 1: these emerging markets for underserved communities. Is she not translating 599 00:33:11,480 --> 00:33:13,640 Speaker 1: here in the minute and half we have left. So 600 00:33:14,040 --> 00:33:16,400 Speaker 1: the great part of this is that she's drawn attention 601 00:33:16,480 --> 00:33:18,920 Speaker 1: to the idea that we have these tools and levers. 602 00:33:19,600 --> 00:33:22,960 Speaker 1: The reassuring part for everyone right now is that those 603 00:33:23,080 --> 00:33:25,840 Speaker 1: agencies collectively do exist now, from the U. S a 604 00:33:25,960 --> 00:33:29,360 Speaker 1: I D. To the Trade Development Agency to even UH 605 00:33:29,720 --> 00:33:31,720 Speaker 1: elements of the State Department. Even though we've seen a 606 00:33:31,760 --> 00:33:34,000 Speaker 1: great attrition of career diplomats like I used to be, 607 00:33:34,600 --> 00:33:38,680 Speaker 1: these UH offices and agencies continue to do their work 608 00:33:38,800 --> 00:33:41,240 Speaker 1: to project American power this way. I will say in 609 00:33:41,280 --> 00:33:43,280 Speaker 1: the last few years, we've seen a diminishment of that. 610 00:33:43,760 --> 00:33:46,840 Speaker 1: Every year the budgets of these agencies are under attack 611 00:33:47,040 --> 00:33:50,320 Speaker 1: and they have to be justified not only through the 612 00:33:50,360 --> 00:33:52,600 Speaker 1: White House process but on the hill folks like the 613 00:33:52,760 --> 00:33:55,440 Speaker 1: x In Bank and OPEC as well. But hopefully they 614 00:33:55,480 --> 00:33:57,680 Speaker 1: will persist and continue to project the power that she's 615 00:33:57,720 --> 00:34:00,720 Speaker 1: talking yes or no because we felt like dirty seconds 616 00:34:00,720 --> 00:34:02,959 Speaker 1: some marcross yes or no Marian Williamson in the September 617 00:34:02,960 --> 00:34:08,160 Speaker 1: of twelfth debate, Ben I say yes, all right. I 618 00:34:08,239 --> 00:34:10,920 Speaker 1: want to thank our panel very much. I want to 619 00:34:10,920 --> 00:34:14,040 Speaker 1: thank Ben Chang from the NSC now at Princeton University, 620 00:34:14,080 --> 00:34:16,839 Speaker 1: Wendy Benjaminson my new best friend at Bloomberg. Bloomberg News 621 00:34:17,200 --> 00:34:21,320 Speaker 1: twenty Politics editor Mark Ross, founder of Terrical Global, have 622 00:34:21,400 --> 00:34:24,000 Speaker 1: a great weekend, everybody. You can download the Bloomberg Sound 623 00:34:24,040 --> 00:34:26,680 Speaker 1: on podcast on Apple iTunes, at Bloomberg dot com, or 624 00:34:26,719 --> 00:34:29,439 Speaker 1: by downloading the Bloomberg Business App. You can also find 625 00:34:29,560 --> 00:34:32,960 Speaker 1: us on Radio dot Com, I Heart Radio, and Spotify. 626 00:34:33,640 --> 00:34:36,920 Speaker 1: I'm Kevin CURRELLI Redhead now on the Bloomberg. We Work 627 00:34:37,000 --> 00:34:39,959 Speaker 1: said to be launching their I p O next week. 628 00:34:40,080 --> 00:34:41,080 Speaker 1: You're listening to Bloomberg