1 00:00:00,400 --> 00:00:03,200 Speaker 1: Five from our nations. This budget thing is going to 2 00:00:03,279 --> 00:00:06,040 Speaker 1: do nothing the spaceports. I still think it's interesting President 3 00:00:06,040 --> 00:00:09,719 Speaker 1: Trump not playing his cards yet. Headlines Policy and Politics 4 00:00:09,760 --> 00:00:15,400 Speaker 1: colliding to sound with Kevin's related the Insiders, the Influencers insides. 5 00:00:15,520 --> 00:00:17,759 Speaker 1: I would rather see a congressional solution. It's part of 6 00:00:17,800 --> 00:00:20,960 Speaker 1: my DNA. The Senate map in looks a lot different 7 00:00:20,960 --> 00:00:23,720 Speaker 1: than it looked in. You really have a divide within 8 00:00:23,960 --> 00:00:26,520 Speaker 1: Team Trump. The president has to do exactly what people 9 00:00:26,520 --> 00:00:29,120 Speaker 1: send in here to do, which is to get it done. 10 00:00:29,120 --> 00:00:33,440 Speaker 1: He's sound on with Kevin's your relate on Bloomberg one 11 00:00:33,560 --> 00:00:38,279 Speaker 1: and m h D two Boltimore buckle up. The stocks 12 00:00:38,479 --> 00:00:43,159 Speaker 1: rebound as trade comments ease the concerns of traders on 13 00:00:43,280 --> 00:00:46,800 Speaker 1: wall streets. That's right. US stocks rebounded as President Donald 14 00:00:46,800 --> 00:00:49,320 Speaker 1: Trump moved to reassure the markets that he's going to 15 00:00:49,440 --> 00:00:53,880 Speaker 1: get a deal with China will break all of that down. 16 00:00:54,000 --> 00:00:58,400 Speaker 1: Plus oil rises as drones strike Saudi pipeline, and trade 17 00:00:58,440 --> 00:01:04,360 Speaker 1: fears recede. A lot of geopolitical moving parts today. Uh, 18 00:01:04,440 --> 00:01:06,800 Speaker 1: and let's not forget about the Supreme Court, because we 19 00:01:06,880 --> 00:01:08,720 Speaker 1: really haven't talked much about that, but today we will. 20 00:01:08,760 --> 00:01:11,240 Speaker 1: We have an All Star panel to do it Democrats 21 00:01:11,319 --> 00:01:15,200 Speaker 1: running for President Warren about the expanding Supreme Court. What 22 00:01:15,240 --> 00:01:18,680 Speaker 1: do your conservatives have to say about that? Kapri Ka 23 00:01:18,680 --> 00:01:21,760 Speaker 1: Farro is an executive and residence at American University. She's 24 00:01:21,840 --> 00:01:26,160 Speaker 1: former Democratic Minority leader in the Ohio Senate Garrett Ventry. 25 00:01:26,240 --> 00:01:30,280 Speaker 1: Garrett Ventry is former spokesman for Senator Chuck Grassley and 26 00:01:30,360 --> 00:01:33,640 Speaker 1: the Senate Judiciary Committee. He's here with us in studio 27 00:01:33,720 --> 00:01:36,520 Speaker 1: as well, his first time on the program. Congresswoman Debbie 28 00:01:36,600 --> 00:01:39,720 Speaker 1: Dingle is gonna call in Democrat from Michigan. She's gonna 29 00:01:39,720 --> 00:01:43,880 Speaker 1: talk trade and will also ask her about how it's 30 00:01:44,400 --> 00:01:47,920 Speaker 1: escalating into her state in tw and then we're gonna 31 00:01:48,000 --> 00:01:50,160 Speaker 1: check in with Mike Davis. He has former Chief Council 32 00:01:50,200 --> 00:01:54,760 Speaker 1: for Nominations for the Senate Judiciary Committee during Gorsick Cours 33 00:01:55,120 --> 00:01:58,400 Speaker 1: and Kavan Also he's had a busy, busy year. Uh 34 00:01:58,480 --> 00:02:01,160 Speaker 1: He's also a former senior advisor to grass It's Iowa 35 00:02:01,280 --> 00:02:05,160 Speaker 1: Day here with me in studio. We've got Kaprika far Oh. 36 00:02:05,200 --> 00:02:10,399 Speaker 1: She is an executive in residence at American University. She's 37 00:02:10,440 --> 00:02:13,480 Speaker 1: former Democratic Minority leader for the Ohio Senate. Garrett Ventury, 38 00:02:13,560 --> 00:02:15,799 Speaker 1: first time on the program. Garrett, Welcome. Thanks Ken, he's 39 00:02:15,840 --> 00:02:19,440 Speaker 1: the former spokesman to Senator Chuck Grassley Senate Judiciary Committee. 40 00:02:19,440 --> 00:02:22,440 Speaker 1: We're gonna get to judicial matters coming up on in 41 00:02:22,440 --> 00:02:25,560 Speaker 1: the show, especially with the Supreme Court. But Capri, I mean, 42 00:02:25,639 --> 00:02:27,679 Speaker 1: the markets just this week have been up and down. 43 00:02:27,680 --> 00:02:30,640 Speaker 1: It's like being on a roller coaster. Do you think 44 00:02:30,760 --> 00:02:34,760 Speaker 1: folks need to say, take a deep breath? Maybe. I 45 00:02:35,080 --> 00:02:37,760 Speaker 1: think that this is the greatest game of economic chicken 46 00:02:37,800 --> 00:02:41,320 Speaker 1: that we're gonna see anytime soon. I mean, look, you 47 00:02:41,320 --> 00:02:43,119 Speaker 1: know you have this tipp for chat. You have what's 48 00:02:43,120 --> 00:02:46,720 Speaker 1: sixty billion dollars uh coming out of China. As far 49 00:02:46,760 --> 00:02:49,120 Speaker 1: as tariffs are concerned, you have a list of I 50 00:02:49,160 --> 00:02:51,680 Speaker 1: think it's a hundred and forty seven pages coming out 51 00:02:51,680 --> 00:02:56,120 Speaker 1: of ustr um for the number of goods that the 52 00:02:56,160 --> 00:02:59,840 Speaker 1: United States is looking to place tariffs on from China. 53 00:03:00,000 --> 00:03:01,720 Speaker 1: And so I think the real question is who's going 54 00:03:01,760 --> 00:03:05,639 Speaker 1: to pay the price, um, literally and figuratively, for these 55 00:03:05,800 --> 00:03:08,000 Speaker 1: tariffs that are going to be levied. You know who's 56 00:03:08,160 --> 00:03:10,760 Speaker 1: he's thinking that they're going to pay the price? Farmers 57 00:03:11,040 --> 00:03:14,520 Speaker 1: and your old bosses state Iowa, your former boss not 58 00:03:14,600 --> 00:03:17,520 Speaker 1: old boss. I'm not calling Chairman grass Le old for 59 00:03:17,560 --> 00:03:21,520 Speaker 1: the record, never but go ahead, But our farmers concerned 60 00:03:21,560 --> 00:03:26,640 Speaker 1: about how this trade ker her funcleff is going to 61 00:03:27,320 --> 00:03:31,800 Speaker 1: impact impact the farmers absolutely, and I think and I believe, 62 00:03:31,840 --> 00:03:34,480 Speaker 1: didn't Grassly beat you in a push up contest now, Okay, 63 00:03:34,480 --> 00:03:36,440 Speaker 1: for the record, I beat him, but it gas close. 64 00:03:36,640 --> 00:03:38,720 Speaker 1: Don't bat me in here because I'll get way off topic. 65 00:03:39,120 --> 00:03:42,760 Speaker 1: Farmers and trade go so with with farmers, I think 66 00:03:43,200 --> 00:03:45,560 Speaker 1: obviously is a concern. I mean, and I think even 67 00:03:45,560 --> 00:03:48,680 Speaker 1: just American businesses in general. Obviously the economy is doing 68 00:03:48,720 --> 00:03:50,760 Speaker 1: really well right now, and I think the last thing 69 00:03:50,800 --> 00:03:53,960 Speaker 1: the president needs going into a re election year, and 70 00:03:54,000 --> 00:03:57,120 Speaker 1: just for American people in general and businesses and farmers, 71 00:03:57,720 --> 00:04:01,280 Speaker 1: uh is a trade war. I think that these tariffs 72 00:04:01,280 --> 00:04:04,080 Speaker 1: could obviously affect farmers. And no, it's not going to 73 00:04:04,120 --> 00:04:06,120 Speaker 1: be good for farmers. I don't believe. I mean hearing 74 00:04:06,600 --> 00:04:11,320 Speaker 1: Garrett Ventry, who's as conservative as they come, say that, 75 00:04:11,520 --> 00:04:14,560 Speaker 1: and to hear his previous boss, his former boss, Chairman 76 00:04:14,600 --> 00:04:18,760 Speaker 1: grass Lee, draw into conflict not to two point over 77 00:04:18,920 --> 00:04:21,240 Speaker 1: U S M c A because of these tariffs. I mean, 78 00:04:21,320 --> 00:04:26,560 Speaker 1: it is remarkable, this stark divide that exists within the 79 00:04:26,600 --> 00:04:29,440 Speaker 1: Republican Party. It's not well, it's not really a surprise though. 80 00:04:29,480 --> 00:04:32,120 Speaker 1: I mean, Donald Trump has really changed the trajectory of 81 00:04:32,360 --> 00:04:36,600 Speaker 1: the Republican Party because of his more populist views on 82 00:04:36,800 --> 00:04:41,640 Speaker 1: things like trade. I mean, traditional establishment Republicans are are 83 00:04:41,720 --> 00:04:46,800 Speaker 1: free traders and believe that tariffs make goods more expensive 84 00:04:46,880 --> 00:04:50,080 Speaker 1: for the American public and the American consumers. So, you know, 85 00:04:50,080 --> 00:04:52,840 Speaker 1: I don't think that it is a surprise, Um, that 86 00:04:52,880 --> 00:04:56,200 Speaker 1: there is this divide between, you know, within the GOP 87 00:04:56,400 --> 00:04:59,320 Speaker 1: as it stands right now. I think the question then becomes, 88 00:04:59,800 --> 00:05:03,520 Speaker 1: you is it possible to get Democrats on board for 89 00:05:03,560 --> 00:05:07,000 Speaker 1: some of these things. We've seen Chuck Schumer, for example, UM, 90 00:05:07,080 --> 00:05:11,800 Speaker 1: actually voice his support for this, uh, for the tough 91 00:05:12,400 --> 00:05:14,800 Speaker 1: line in the sand that President Trump is drawing with 92 00:05:15,240 --> 00:05:18,240 Speaker 1: China and trade. You know, it was interesting to see 93 00:05:18,240 --> 00:05:21,120 Speaker 1: how the White House reacted to this, Garrett, because President 94 00:05:21,120 --> 00:05:23,520 Speaker 1: Trump he was in the Gulf Coast today and he 95 00:05:23,640 --> 00:05:27,800 Speaker 1: visited an energy facility in Louisiana, Semperate Energy. They're an 96 00:05:27,880 --> 00:05:30,719 Speaker 1: energy exporter, and this is one of the aspects of 97 00:05:30,720 --> 00:05:34,599 Speaker 1: the economy that the President likes to talk about. But 98 00:05:34,600 --> 00:05:37,040 Speaker 1: but he he broadened it to what we were talking 99 00:05:37,120 --> 00:05:41,120 Speaker 1: about earlier. He broadened it even beyond the US China 100 00:05:41,200 --> 00:05:44,880 Speaker 1: trade talks, but also to other countries. Take a listen 101 00:05:44,920 --> 00:05:49,039 Speaker 1: to what he said, President Trump here is we don't 102 00:05:49,120 --> 00:05:50,920 Speaker 1: need to be ripped off by the rest of the 103 00:05:50,960 --> 00:05:56,200 Speaker 1: world either, because those days are over. He says, those 104 00:05:56,320 --> 00:05:59,000 Speaker 1: days are over. They're not going to be ripped off anymore. 105 00:05:59,040 --> 00:06:02,600 Speaker 1: But Garrett, when is the end in sight? When are 106 00:06:02,640 --> 00:06:04,800 Speaker 1: they going to wrap up these trade deals? Well, he's 107 00:06:04,800 --> 00:06:06,960 Speaker 1: got a meeting next month, I believe, at the G 108 00:06:07,080 --> 00:06:11,960 Speaker 1: twenty summit with the President of China. So yeah, yeah, 109 00:06:12,000 --> 00:06:14,080 Speaker 1: so I think that's a good I think that's a 110 00:06:14,120 --> 00:06:15,919 Speaker 1: good measure, and we'll we'll see from there. I know 111 00:06:15,960 --> 00:06:18,520 Speaker 1: Minuchtion just I believe got back from China had extensive 112 00:06:18,520 --> 00:06:20,920 Speaker 1: talks as well. Uh. And like I said, I mean, 113 00:06:20,960 --> 00:06:23,280 Speaker 1: I think the President being tough on China is good 114 00:06:23,279 --> 00:06:25,200 Speaker 1: in a lot of regards when it comes to intellectual 115 00:06:25,240 --> 00:06:28,880 Speaker 1: property theft and trying to measure out fair trade deals. 116 00:06:29,160 --> 00:06:30,360 Speaker 1: By the end the day, he's got to come to 117 00:06:30,400 --> 00:06:33,760 Speaker 1: an agreement here that puts American workers first, and hopefully 118 00:06:33,760 --> 00:06:40,560 Speaker 1: we can evade any further, uh, you know, potential retaliation 119 00:06:40,640 --> 00:06:43,200 Speaker 1: tariffs here going forward. Well, and what we're seeing, you know, 120 00:06:43,279 --> 00:06:47,200 Speaker 1: is from from China. This list of of goods that 121 00:06:47,480 --> 00:06:51,600 Speaker 1: China is um placing tariffs on is extensive. It's not 122 00:06:51,680 --> 00:06:54,840 Speaker 1: just the agricultural sector. Now we're talking everything from shoes 123 00:06:54,880 --> 00:06:58,320 Speaker 1: to electronics to cosmetics. I mean, it's pretty extensive, and 124 00:06:58,320 --> 00:07:00,960 Speaker 1: I think you know pretty much every one and everything 125 00:07:01,080 --> 00:07:03,600 Speaker 1: looks like it's going to be impacted. And then these 126 00:07:03,640 --> 00:07:08,320 Speaker 1: are five tariffs on on this extensive list of goods, 127 00:07:08,520 --> 00:07:13,520 Speaker 1: which I believe is about almost goods um that China 128 00:07:13,560 --> 00:07:15,720 Speaker 1: is looking to place tariffs on. And you have to 129 00:07:15,760 --> 00:07:17,840 Speaker 1: also take into account that there are some of these 130 00:07:17,880 --> 00:07:22,640 Speaker 1: categories where these goods already have a tariff placed upon them, 131 00:07:22,640 --> 00:07:25,080 Speaker 1: so that means it's going to be even more. On 132 00:07:25,160 --> 00:07:27,360 Speaker 1: top of that, it all comes out to the list 133 00:07:27,400 --> 00:07:29,720 Speaker 1: that you just mentioned, that capre just mentioned on the tariffs. 134 00:07:29,760 --> 00:07:34,000 Speaker 1: And who's paying for this? Senator share Brown Democrats, you're 135 00:07:34,040 --> 00:07:37,520 Speaker 1: you're your guy, your guy. Well, he had a lot 136 00:07:37,520 --> 00:07:40,440 Speaker 1: to say about that earlier today. To here is Senator 137 00:07:40,520 --> 00:07:42,560 Speaker 1: Shared Brown on on who's paying for this? Here it 138 00:07:42,640 --> 00:07:44,840 Speaker 1: is it's another one of the Trump lies when he 139 00:07:44,880 --> 00:07:49,000 Speaker 1: says China paces American consumers are paying, American farmers are paying, 140 00:07:49,280 --> 00:07:53,360 Speaker 1: American companies are paying, and especially American workers. So that's 141 00:07:53,400 --> 00:07:57,560 Speaker 1: the democratic angle. But I and and to be blunt, 142 00:07:57,600 --> 00:07:59,440 Speaker 1: I mean, it's the I should call it the anti 143 00:07:59,720 --> 00:08:02,480 Speaker 1: terror angle, because I think that's also something that Garrett 144 00:08:02,520 --> 00:08:05,200 Speaker 1: and Chuck Grassley sent it. Chairman Grassley would agree with, 145 00:08:05,680 --> 00:08:07,880 Speaker 1: as well as others. Um And I was speaking with 146 00:08:07,960 --> 00:08:12,480 Speaker 1: one conservative lawmaker today, House member who was just going 147 00:08:12,520 --> 00:08:16,000 Speaker 1: off about how they're hurting farmers and whatnot. But I 148 00:08:16,120 --> 00:08:18,120 Speaker 1: still haven't received any of them. I mean, Trump had 149 00:08:18,160 --> 00:08:21,440 Speaker 1: made a lot of promises about relief to the agricultural 150 00:08:21,480 --> 00:08:23,520 Speaker 1: sector in the wave of the first round of tariffs, 151 00:08:23,520 --> 00:08:25,600 Speaker 1: which we have not necessarily seen material. I think they're 152 00:08:25,600 --> 00:08:27,560 Speaker 1: gonna get another package, and I'm not sure that they 153 00:08:27,600 --> 00:08:30,840 Speaker 1: want that, which is interesting because I don't necessarily think 154 00:08:30,880 --> 00:08:33,960 Speaker 1: that conservatives want to be in a position will they 155 00:08:34,000 --> 00:08:37,440 Speaker 1: accept there not accept a government handout. Coming up, we 156 00:08:37,520 --> 00:08:40,240 Speaker 1: talk much more on US China trade policy. Plus we 157 00:08:40,280 --> 00:08:44,960 Speaker 1: get a preview of how Judge Kavanaugh, how will Judge 158 00:08:45,040 --> 00:08:51,800 Speaker 1: Kavanaugh impact presidential election? And Congresswoman Debbie Dingle She's gonna 159 00:08:51,880 --> 00:08:54,360 Speaker 1: check in much more on trade panel stays I'm Kevin 160 00:08:54,400 --> 00:08:58,000 Speaker 1: CURRELLI Chief Washington correspondent for Bloomberg Television and Bloomberg Radio. 161 00:08:58,360 --> 00:09:01,120 Speaker 1: Downloaded the sound on podcast aast, on Apple iTunes, at 162 00:09:01,120 --> 00:09:04,640 Speaker 1: Bloomberg dot com, or by downloading the Bloomberg Business app. 163 00:09:04,679 --> 00:09:06,920 Speaker 1: You can also find us on Radio dot com, I 164 00:09:07,040 --> 00:09:15,680 Speaker 1: Heart Radio, and Spotify. You're listening to Bloomberg one. This 165 00:09:16,240 --> 00:09:20,480 Speaker 1: is sound On with Kevin's he really on Bloomberg one 166 00:09:20,640 --> 00:09:23,479 Speaker 1: and one oh five point seven f M h D two, Baltimore. 167 00:09:24,360 --> 00:09:26,840 Speaker 1: I want to take a second to honor Alice Rivlin. 168 00:09:27,320 --> 00:09:30,920 Speaker 1: She is the FED Chair, the FED Vice Chair, and 169 00:09:31,040 --> 00:09:34,680 Speaker 1: deficit hawks. She passed away at the age of eight. 170 00:09:35,000 --> 00:09:38,600 Speaker 1: She's also the founding director of the Congressional Budget Office 171 00:09:38,679 --> 00:09:43,960 Speaker 1: and a relentless fighter for deficit reduction. She passed away 172 00:09:44,000 --> 00:09:47,360 Speaker 1: she was eight. Our thoughts and prayers go out to 173 00:09:47,520 --> 00:09:50,440 Speaker 1: her friends, her family, and I will say this, anyone 174 00:09:50,600 --> 00:09:53,120 Speaker 1: who works in financial services, no matter what you think 175 00:09:54,000 --> 00:09:56,959 Speaker 1: on the issues, can't find anybody who said I had 176 00:09:56,960 --> 00:09:59,520 Speaker 1: a bad thing to say about Alice Rivlin. We're talking 177 00:09:59,520 --> 00:10:02,040 Speaker 1: trade policy, and we're you know, in honor of Alice. 178 00:10:02,040 --> 00:10:04,920 Speaker 1: We'll talk about how how it will impact the trade deficit, 179 00:10:05,000 --> 00:10:08,960 Speaker 1: Capri Cafarro is executive and Residents at American University and 180 00:10:09,040 --> 00:10:12,480 Speaker 1: former Democratic Minority leader of the Ohio State Senate. Garrett 181 00:10:12,559 --> 00:10:16,040 Speaker 1: Ventry is former spokesman to the Senate Judiciary Committee under 182 00:10:17,280 --> 00:10:20,319 Speaker 1: Chairman Chuck Grassley, Republican from Iowa. I mean, when are 183 00:10:20,400 --> 00:10:23,160 Speaker 1: Republicans going to start caring about the deficit again, Garrett, 184 00:10:24,160 --> 00:10:25,960 Speaker 1: the deficit as far as a trade deficite or the 185 00:10:25,960 --> 00:10:29,480 Speaker 1: deficit as far as see what zing would we have 186 00:10:29,520 --> 00:10:31,640 Speaker 1: like a zing ko and then control we have like 187 00:10:31,640 --> 00:10:34,280 Speaker 1: a zing button that we can do, you know. But 188 00:10:34,280 --> 00:10:38,000 Speaker 1: but from your perspective, but seriously, I mean from it 189 00:10:38,000 --> 00:10:42,520 Speaker 1: looks like it's a bouncing act trade deficit versus national deficite. Yeah. Absolutely, 190 00:10:42,559 --> 00:10:44,920 Speaker 1: I mean I think it's something that Republicans and Democrats 191 00:10:44,920 --> 00:10:48,160 Speaker 1: should both care about when it comes to the trade deficit. Uh. 192 00:10:48,160 --> 00:10:49,920 Speaker 1: And like I said, I mean, getting back to what 193 00:10:49,960 --> 00:10:52,880 Speaker 1: we're talking a part with trade. I think it's very 194 00:10:52,960 --> 00:10:56,160 Speaker 1: important when we're talking about these trade deals. When you 195 00:10:56,160 --> 00:10:57,679 Speaker 1: look at other trade deals that have come up in 196 00:10:57,720 --> 00:11:00,520 Speaker 1: the past, whether it's TPP or an after a lot 197 00:11:00,559 --> 00:11:05,680 Speaker 1: of voters voted for the President simply because they felt 198 00:11:05,760 --> 00:11:08,000 Speaker 1: unsettled about a lot of trade deals in the past, 199 00:11:08,400 --> 00:11:10,920 Speaker 1: and so I think a lot of voters went to 200 00:11:10,960 --> 00:11:13,760 Speaker 1: the polls expecting him to to fix these trade deals. 201 00:11:13,800 --> 00:11:15,839 Speaker 1: So I think going into the election, it's a big 202 00:11:15,840 --> 00:11:18,720 Speaker 1: opportunity for him to try and levy the play the 203 00:11:18,760 --> 00:11:22,600 Speaker 1: playing field here, to put America workers first, and to 204 00:11:22,640 --> 00:11:26,439 Speaker 1: put a deal that would honor American businesses so they 205 00:11:26,440 --> 00:11:29,320 Speaker 1: have a greater opportunity to compete. Yeah, there's no question that. 206 00:11:29,440 --> 00:11:30,800 Speaker 1: You know, back in my neck of the woods in 207 00:11:30,840 --> 00:11:35,000 Speaker 1: northeastern Ohio and in the industrial Midwest, so many people 208 00:11:35,120 --> 00:11:39,160 Speaker 1: that voted for Donald Trump in Democrats included that crossed 209 00:11:39,160 --> 00:11:42,280 Speaker 1: over for him. I really believed that he was the 210 00:11:42,320 --> 00:11:47,600 Speaker 1: best answer to addressing things like the problems with NAFTA 211 00:11:47,880 --> 00:11:51,960 Speaker 1: and the Transpacific Partnership t p P, which you know 212 00:11:52,120 --> 00:11:55,920 Speaker 1: President Obama and Hillary Clinton supported, and so there was 213 00:11:55,960 --> 00:11:58,800 Speaker 1: this feeling that, uh, you know, he was going to 214 00:11:59,520 --> 00:12:03,679 Speaker 1: you know, finally actually act um. And things have occurred 215 00:12:04,240 --> 00:12:06,200 Speaker 1: um like U S, m c A and and there's 216 00:12:06,240 --> 00:12:08,559 Speaker 1: been movement. But I think the real question will be 217 00:12:09,760 --> 00:12:12,120 Speaker 1: will these things actually be ratified? And if they're not, 218 00:12:12,200 --> 00:12:16,960 Speaker 1: who will americ The American people blame Democrats in Congress 219 00:12:17,040 --> 00:12:18,880 Speaker 1: or Trump. I want to pick up on that point 220 00:12:18,880 --> 00:12:20,360 Speaker 1: because did you guys hear this. Did you see the 221 00:12:20,400 --> 00:12:23,520 Speaker 1: Senator Richard Bluementhal, no fan of President Trump, but he's 222 00:12:23,520 --> 00:12:26,920 Speaker 1: a Democrat from Connecticut, and he was asked about how 223 00:12:27,000 --> 00:12:29,400 Speaker 1: it's impact in Connecticut. You know, I don't mean to 224 00:12:29,400 --> 00:12:32,840 Speaker 1: make trade impacts every state, even Connecticut. Yesterday we were 225 00:12:32,880 --> 00:12:35,920 Speaker 1: hearing from Angus King lobsters bryce the lobster. I was 226 00:12:35,960 --> 00:12:39,160 Speaker 1: at PJ Marks earlier and I was like, the lobster 227 00:12:39,240 --> 00:12:41,400 Speaker 1: bisc was their special, and I was thinking to myself, 228 00:12:41,440 --> 00:12:44,280 Speaker 1: I wonder if it's more expensive because of what Senator 229 00:12:44,360 --> 00:12:48,160 Speaker 1: King told me yesterday. Here's Senator Richard Bluementhal, Democrat from Connecticut, 230 00:12:48,200 --> 00:12:52,160 Speaker 1: about how who's gonna blame? Uh, Democrat, Who's to blame? Democrats? 231 00:12:52,200 --> 00:12:55,319 Speaker 1: Are Republicans serious? Donald Trump has bet the farm of 232 00:12:55,840 --> 00:13:00,839 Speaker 1: other people's farms, and he has barked a dangerous course 233 00:13:00,880 --> 00:13:06,400 Speaker 1: without main game. I mean it is creative wordplay. Garrett's 234 00:13:06,440 --> 00:13:10,559 Speaker 1: bet the farm other people's farms peal. But but I 235 00:13:10,559 --> 00:13:13,280 Speaker 1: I do you agree with? Have I found a rare 236 00:13:13,400 --> 00:13:16,800 Speaker 1: area of agreement between you and Senator Richard. I think 237 00:13:16,800 --> 00:13:18,959 Speaker 1: part of it, too is Democrats in the House don't 238 00:13:18,960 --> 00:13:21,000 Speaker 1: really want to work with the President on getting a 239 00:13:21,000 --> 00:13:23,160 Speaker 1: new NAPTER deal right now. There's not really a lot 240 00:13:23,200 --> 00:13:26,480 Speaker 1: of agreement there. Now. My boss, my former boss, Chuck Grassley, 241 00:13:26,520 --> 00:13:29,160 Speaker 1: obviously would rather have the President be working on this 242 00:13:29,200 --> 00:13:30,959 Speaker 1: deal and then standing up to Trump on some other 243 00:13:31,040 --> 00:13:35,480 Speaker 1: issues rather than tariffs on Mexico and Canada. But no, 244 00:13:35,559 --> 00:13:37,439 Speaker 1: I don't think it's necessarily betting the House. It's too 245 00:13:37,440 --> 00:13:40,240 Speaker 1: early to say that. I think at this point there 246 00:13:40,280 --> 00:13:42,839 Speaker 1: hasn't been a meeting between him and the president of Chinese, 247 00:13:43,000 --> 00:13:44,440 Speaker 1: So we'll see what happens there, and I think we 248 00:13:44,480 --> 00:13:47,120 Speaker 1: can talk down the road what that looks like. But 249 00:13:47,240 --> 00:13:49,240 Speaker 1: right now that all the President's measures on China, the 250 00:13:49,240 --> 00:13:52,640 Speaker 1: economy is still doing really well. Even last month, it's 251 00:13:52,640 --> 00:13:54,880 Speaker 1: the lowest unemployment within fifty years and two hundred and 252 00:13:54,880 --> 00:13:59,840 Speaker 1: sixty three thousand. But okay, but but okay, this is 253 00:13:59,840 --> 00:14:02,040 Speaker 1: what I would say to Garrett's point. I mean, when 254 00:14:02,080 --> 00:14:05,320 Speaker 1: any economists, when you look at the trade numbers and 255 00:14:05,360 --> 00:14:08,199 Speaker 1: what portion of the GDP that we're talking about, it's 256 00:14:08,280 --> 00:14:12,040 Speaker 1: literally point one percent GDP growth that is at jeopardy 257 00:14:12,080 --> 00:14:14,440 Speaker 1: because of these trade deals. Now that's a huge deal. 258 00:14:14,480 --> 00:14:17,199 Speaker 1: And I never like to say like point one percent 259 00:14:17,280 --> 00:14:18,679 Speaker 1: isn't a big deal, because it is a big deal 260 00:14:18,720 --> 00:14:20,400 Speaker 1: when you're trying to go to Walmart and the price 261 00:14:20,440 --> 00:14:24,120 Speaker 1: of your clothes going up. Yeah, I mean if you 262 00:14:24,160 --> 00:14:27,280 Speaker 1: can and if you can afford that, well, listen, I 263 00:14:27,360 --> 00:14:29,200 Speaker 1: still I mean I shop at Walmart. I gonna tarte it. 264 00:14:29,440 --> 00:14:34,160 Speaker 1: But I think from a broader standpoint, ultimately, these small 265 00:14:34,200 --> 00:14:37,560 Speaker 1: businesses in particular, who are also donors, are gonna have 266 00:14:37,600 --> 00:14:39,920 Speaker 1: to They're gonna have to someone's gonna have to listen 267 00:14:39,960 --> 00:14:42,720 Speaker 1: to them. Coming up, we asked that question to conquss 268 00:14:42,720 --> 00:14:45,320 Speaker 1: Woman Debbie Dingle, a Democrat from Michigan. She's gonna join 269 00:14:45,360 --> 00:14:47,360 Speaker 1: us on the phone line and she's gonna tell us 270 00:14:47,400 --> 00:14:51,960 Speaker 1: what she thinks about how the trade policy is impacting 271 00:14:51,960 --> 00:14:55,640 Speaker 1: the presidential election panel stays. You can download the sound 272 00:14:55,680 --> 00:14:58,680 Speaker 1: on podcast on Apple iTunes, a Bloomberg dot Com, or 273 00:14:58,720 --> 00:15:01,080 Speaker 1: by downloading the Bloomberg Busines sapp. You can also find 274 00:15:01,120 --> 00:15:04,040 Speaker 1: us on Radio dot Com, I Heart Radio, and Spotify. 275 00:15:04,160 --> 00:15:07,800 Speaker 1: I am Kevin Cirelli, Chief Washington correspondent for Bloomberg Television 276 00:15:08,280 --> 00:15:15,840 Speaker 1: and Bloomberg Radio. You're listening to Bloomberg. This is sound 277 00:15:15,880 --> 00:15:21,920 Speaker 1: On with Ken on Bloomberg and m h D two 278 00:15:21,960 --> 00:15:26,320 Speaker 1: Boltemore Love, Keith Urban, but breaking news tonight on the 279 00:15:26,320 --> 00:15:29,840 Speaker 1: Bloomberg terminal sighting the New York Times, Donald Trump Jr. 280 00:15:29,880 --> 00:15:34,080 Speaker 1: And the Republican controlled Senate Intelligence Committee reaching a deal 281 00:15:34,280 --> 00:15:38,560 Speaker 1: on Tuesday for the president's eldest son to sit for 282 00:15:38,600 --> 00:15:41,880 Speaker 1: a private interview with senators in the coming weeks. That 283 00:15:41,920 --> 00:15:45,520 Speaker 1: will be limited in time, so it's going to be private. 284 00:15:45,560 --> 00:15:47,600 Speaker 1: It's not gonna be public. He's going to be testifying 285 00:15:48,040 --> 00:15:50,840 Speaker 1: the hind closed doors in a private interview with senators. 286 00:15:50,840 --> 00:15:53,560 Speaker 1: This according to The New York Times. Headlights crossing the 287 00:15:53,560 --> 00:15:56,960 Speaker 1: Bloomberg terminal as we speak, let's get to it. Reaction 288 00:15:57,440 --> 00:16:01,840 Speaker 1: from Congresswoman Debbie Dingle, a Democrat from Michigan, joining us 289 00:16:01,880 --> 00:16:04,600 Speaker 1: on the phone. I want to talk trade policy, but 290 00:16:04,760 --> 00:16:09,240 Speaker 1: your thoughts on this latest development with Donald Trump Jr. Well, 291 00:16:10,360 --> 00:16:13,520 Speaker 1: I haven't been party to the conversations. I think it 292 00:16:13,680 --> 00:16:18,280 Speaker 1: is good that the chair of a Republican committee is 293 00:16:18,840 --> 00:16:23,480 Speaker 1: part of these discussions, part of these investigations. I think 294 00:16:23,560 --> 00:16:27,040 Speaker 1: that as we move forward, this kind of oversight needs 295 00:16:27,040 --> 00:16:30,160 Speaker 1: to be down in a bipartisan way. So I think 296 00:16:30,200 --> 00:16:34,480 Speaker 1: it's significant that he's agreed to testified, and we'll see 297 00:16:34,480 --> 00:16:36,680 Speaker 1: what the results are. All right, I want to ask 298 00:16:36,720 --> 00:16:39,320 Speaker 1: you about trade. I mean, it has been remarkable all 299 00:16:39,400 --> 00:16:44,480 Speaker 1: week just seeing how the trade the policy debate has 300 00:16:44,560 --> 00:16:49,840 Speaker 1: impacted Wall Street traders and businesses and consumers. But but 301 00:16:50,040 --> 00:16:51,720 Speaker 1: I want to ask you, how do you think it's 302 00:16:51,720 --> 00:16:56,000 Speaker 1: going to affect the presidential race, especially in your backyard, 303 00:16:56,520 --> 00:17:05,160 Speaker 1: given that Canada Trump won Ohio, so Michigan to Michigan. 304 00:17:06,040 --> 00:17:08,359 Speaker 1: I'm staring at Caprica Faro, who's from Ohio. I know 305 00:17:08,400 --> 00:17:11,639 Speaker 1: you're froman It's all Midwest, you know, we all look 306 00:17:11,680 --> 00:17:18,480 Speaker 1: at the westerner. Um I actually would It's not clear 307 00:17:18,520 --> 00:17:22,000 Speaker 1: to me right now the facts. I predicted that President 308 00:17:22,040 --> 00:17:25,800 Speaker 1: Trump could win Michigan when everybody thought it was crazy, 309 00:17:26,040 --> 00:17:28,200 Speaker 1: and I may still be crazy, but he did win, 310 00:17:28,640 --> 00:17:32,080 Speaker 1: and he wanted on trade because we have a lot 311 00:17:32,119 --> 00:17:37,600 Speaker 1: of workers here who are seeing closed plants, have been 312 00:17:37,640 --> 00:17:41,280 Speaker 1: struggling to find jobs. There are people in their fifties 313 00:17:41,320 --> 00:17:45,080 Speaker 1: and their sixties, in their seventies, word about what's gonna 314 00:17:45,080 --> 00:17:48,640 Speaker 1: happen to their pensions. And they saw their jobs ships overseas, 315 00:17:49,119 --> 00:17:52,040 Speaker 1: and he talked to them and he understood. And people 316 00:17:52,080 --> 00:17:55,879 Speaker 1: in the Midwest have I think had this anxiety in 317 00:17:55,920 --> 00:17:58,919 Speaker 1: their hearts and soul since the bankruptcy of the Auto 318 00:17:59,560 --> 00:18:03,040 Speaker 1: and the eight um you know, in two thousand and eight. 319 00:18:03,640 --> 00:18:07,040 Speaker 1: So you know he's talking tough. Theft to two point oh, 320 00:18:07,680 --> 00:18:10,800 Speaker 1: I call it nift to two point o uh is 321 00:18:11,200 --> 00:18:14,440 Speaker 1: something he's delivering, not It's not where I can yet 322 00:18:14,480 --> 00:18:16,560 Speaker 1: support it, but we do. We don't have a level 323 00:18:17,040 --> 00:18:20,000 Speaker 1: playing field with Mexico and that's a problem. On the 324 00:18:20,000 --> 00:18:25,560 Speaker 1: other hand, what's happening with China. Uh. Only the last 325 00:18:25,560 --> 00:18:29,439 Speaker 1: few days have you seen a discussion for consumers about 326 00:18:29,640 --> 00:18:32,720 Speaker 1: it might increase. It's good, But you've heard people on 327 00:18:32,800 --> 00:18:36,080 Speaker 1: both sides of these tariffs. You know, it's hurt the farmers, 328 00:18:36,200 --> 00:18:39,800 Speaker 1: the suppliers, certainly where I live, or talking about what 329 00:18:39,880 --> 00:18:43,199 Speaker 1: the impact is. But my steel workers have looking an 330 00:18:43,200 --> 00:18:46,280 Speaker 1: empty steel plant for twenty five years, are cheering them. 331 00:18:46,720 --> 00:18:48,800 Speaker 1: And I think my biggest problem with the way he's 332 00:18:48,800 --> 00:18:52,480 Speaker 1: been doing this is the inconsistency, the up and downness 333 00:18:52,560 --> 00:18:55,840 Speaker 1: of it. And we have no consistency. What's labor or 334 00:18:55,840 --> 00:18:59,720 Speaker 1: a stable trade policy when we're talking about these tariffs, etcetera. 335 00:19:00,040 --> 00:19:02,480 Speaker 1: That's such a great point because I think in terms 336 00:19:02,560 --> 00:19:05,720 Speaker 1: of the certainty. The market is looking for certainty, and 337 00:19:05,760 --> 00:19:08,160 Speaker 1: there just seems to be none. I mean, everyone's clinging 338 00:19:08,440 --> 00:19:10,760 Speaker 1: to every tweet that the President puts out or every 339 00:19:10,800 --> 00:19:13,879 Speaker 1: comment that he makes on US China trade talks, but 340 00:19:14,160 --> 00:19:17,480 Speaker 1: it just seems like there's a lot of uncertainty. What 341 00:19:17,640 --> 00:19:21,200 Speaker 1: is one thing that the president could quickly do from 342 00:19:21,240 --> 00:19:23,439 Speaker 1: your view on the matter of trade that would provide 343 00:19:23,480 --> 00:19:28,560 Speaker 1: some certainty. Well, again, we're talking about trade policy period. 344 00:19:28,600 --> 00:19:31,040 Speaker 1: For me, has to give people a level of playing field. 345 00:19:31,640 --> 00:19:36,000 Speaker 1: So for I would be one of the people in 346 00:19:36,119 --> 00:19:38,760 Speaker 1: the Congress that would help take the lead on an 347 00:19:38,760 --> 00:19:42,119 Speaker 1: after two point oh if he did address two points 348 00:19:42,119 --> 00:19:46,400 Speaker 1: in the current Uh, the current what the draft isn't 349 00:19:46,400 --> 00:19:49,320 Speaker 1: the right word, but the agreements that they have now. One, 350 00:19:49,400 --> 00:19:52,000 Speaker 1: we've got to do something about Mexico because the way 351 00:19:52,040 --> 00:19:56,080 Speaker 1: that the enforce their new labor laws right now has 352 00:19:56,119 --> 00:19:58,199 Speaker 1: got to be made stronger because they were laws are 353 00:19:58,280 --> 00:20:02,040 Speaker 1: week in Mexico, so there's no axed up to make 354 00:20:02,040 --> 00:20:04,800 Speaker 1: sure Mexico is playing by the same rules that companies 355 00:20:04,840 --> 00:20:07,760 Speaker 1: and the workers in the US are. Until that changes, 356 00:20:08,359 --> 00:20:12,040 Speaker 1: it doesn't any new trade movement doesn't have the enforcement 357 00:20:12,119 --> 00:20:14,879 Speaker 1: that we needed to have and there are provisions in 358 00:20:14,920 --> 00:20:19,159 Speaker 1: there that will increase the cross of the pharmaceuticals in 359 00:20:19,200 --> 00:20:21,760 Speaker 1: this country. But I do think we need a new 360 00:20:21,880 --> 00:20:24,760 Speaker 1: NAFTA and we need a level playing field, so I 361 00:20:24,760 --> 00:20:31,399 Speaker 1: would support that. China is a much more complicated subject. Um. 362 00:20:31,440 --> 00:20:34,080 Speaker 1: It's it's starting to have a real effect in the 363 00:20:34,119 --> 00:20:37,560 Speaker 1: markets and consumers as you know. But we are seeing 364 00:20:37,560 --> 00:20:41,400 Speaker 1: our trade deficit with China going the work way um 365 00:20:41,800 --> 00:20:44,880 Speaker 1: and actually increasing since these tarrafts were put in place, 366 00:20:44,920 --> 00:20:47,919 Speaker 1: and it's now the largest it's ever events. So we 367 00:20:48,080 --> 00:20:51,720 Speaker 1: have to really have a much more not a game 368 00:20:51,760 --> 00:20:54,440 Speaker 1: of chicken when it comes to China. But figure this out. 369 00:20:54,840 --> 00:20:57,240 Speaker 1: You know when you're out I mean, you know the 370 00:20:57,280 --> 00:21:00,600 Speaker 1: auto sector better than anybody in Congress. When when you're 371 00:21:00,640 --> 00:21:02,119 Speaker 1: out at the auto plants, when you're out at the 372 00:21:02,119 --> 00:21:04,800 Speaker 1: widget plants and you're talking to members of your district, 373 00:21:06,000 --> 00:21:08,520 Speaker 1: what what do they make. Are they being a little 374 00:21:08,520 --> 00:21:10,639 Speaker 1: bit more are they are they being having giving President 375 00:21:10,640 --> 00:21:13,680 Speaker 1: Trump a little bit more leeway and the negotiations than 376 00:21:13,880 --> 00:21:17,280 Speaker 1: than Wall Street traders are, or are they growing a 377 00:21:17,280 --> 00:21:19,840 Speaker 1: little bit concerned at the at the trend of where 378 00:21:19,880 --> 00:21:23,439 Speaker 1: trade talks are going. So you know which times who 379 00:21:23,480 --> 00:21:26,440 Speaker 1: you're talking to and where you are. But I actually 380 00:21:26,720 --> 00:21:30,359 Speaker 1: the there's a plant in flat Rock in Michigan, which 381 00:21:30,400 --> 00:21:33,359 Speaker 1: is a Ford plant. It makes the mustangs. It's the 382 00:21:33,400 --> 00:21:36,320 Speaker 1: plant that made me start saying to people two and 383 00:21:36,359 --> 00:21:39,080 Speaker 1: a half years ago Donald Trump could win. And they're 384 00:21:39,119 --> 00:21:42,119 Speaker 1: still supporting the president. They think that he cares about 385 00:21:42,119 --> 00:21:46,440 Speaker 1: them and that he's fighting for them. So, uh yeah, 386 00:21:46,680 --> 00:21:49,960 Speaker 1: they do support him. It depends you know who you're 387 00:21:50,000 --> 00:21:54,000 Speaker 1: talking to. The leadership. Certainly, uh you know that the 388 00:21:54,080 --> 00:21:57,240 Speaker 1: new naps at two point out isn't strong enough, But 389 00:21:57,440 --> 00:21:59,240 Speaker 1: you've got members who just want to know if somebody 390 00:21:59,280 --> 00:22:02,520 Speaker 1: cares about them. And quite frankly, in the Midwest, people 391 00:22:02,560 --> 00:22:06,080 Speaker 1: are tired of this partisan vickery. They want to see 392 00:22:06,160 --> 00:22:08,159 Speaker 1: us do something that's going to help them every day. 393 00:22:08,200 --> 00:22:10,359 Speaker 1: They want to see us work for them and lower 394 00:22:10,440 --> 00:22:12,719 Speaker 1: the cost of prescription drugs. They want to see us 395 00:22:12,760 --> 00:22:15,560 Speaker 1: do these trade deals they're gonna protect their jobs and 396 00:22:15,680 --> 00:22:17,480 Speaker 1: keep us on a level playing field. They want to 397 00:22:17,520 --> 00:22:20,200 Speaker 1: see us fix the I was about to use the 398 00:22:20,280 --> 00:22:23,080 Speaker 1: word I can't, but it's a phrase the government don't 399 00:22:23,119 --> 00:22:25,560 Speaker 1: need to tell me. I almost use words that I 400 00:22:25,600 --> 00:22:29,000 Speaker 1: can't use every second of my life. Go ahead of Congresswoman. Well, 401 00:22:29,040 --> 00:22:32,080 Speaker 1: always think it was a campaign, so went for Gretchen Witner. 402 00:22:32,160 --> 00:22:34,280 Speaker 1: Fixed the damn rohads. That's what they want to see 403 00:22:34,320 --> 00:22:38,280 Speaker 1: him do. Alright, Congressman, I hated it, but it got 404 00:22:38,359 --> 00:22:44,399 Speaker 1: her elected. Congresswoman Debbie Dingle, a Democrat from Michigan's twelve 405 00:22:44,480 --> 00:22:47,640 Speaker 1: congressional district. I always appreciate. I always say people say 406 00:22:47,680 --> 00:22:49,480 Speaker 1: there's no one who you can talk to in Congress 407 00:22:49,520 --> 00:22:52,040 Speaker 1: who's refreshing anymore. There are members on both sides of 408 00:22:52,040 --> 00:22:55,119 Speaker 1: the aisle. Congresswoman Debbie Dingle is one of them. Appreciate 409 00:22:55,200 --> 00:22:58,359 Speaker 1: you calling him my friend, very much. Appreciate it. Coming up, 410 00:22:58,400 --> 00:23:02,600 Speaker 1: we switched gears geopolitic and the Supreme Court. I'm Kevin Cirelli, 411 00:23:02,680 --> 00:23:06,560 Speaker 1: Chief Washington correspondent for Bloomberg Television and Bloomberg Radio. You're 412 00:23:06,600 --> 00:23:13,720 Speaker 1: listening to Bloomberg, you're listening to Sound On with Kevin 413 00:23:13,800 --> 00:23:18,000 Speaker 1: Surreally on Bloomberg one and one oh five point seven 414 00:23:18,040 --> 00:23:23,000 Speaker 1: f m h D two, Baltimore. It's only Tuesday, but 415 00:23:23,040 --> 00:23:26,119 Speaker 1: we have gratitude. See the forest from the trees and 416 00:23:26,200 --> 00:23:30,520 Speaker 1: it's almost so. It is actually and there's this great 417 00:23:30,520 --> 00:23:32,159 Speaker 1: story on Politico. Did you guys see it. Did you 418 00:23:32,200 --> 00:23:36,840 Speaker 1: read it? Burgess Everett and Marian Levine. They wrote headline 419 00:23:36,920 --> 00:23:42,399 Speaker 1: isms worn or warm to expanding the Supreme Court. I 420 00:23:42,400 --> 00:23:45,600 Speaker 1: thought we gotta get Mike in for this. Mike Davis. 421 00:23:45,640 --> 00:23:49,760 Speaker 1: He has former Chief council for the nominations of the 422 00:23:49,800 --> 00:23:54,840 Speaker 1: Senate Judiciary Committee. Remember the Gorschen Kavanaugh nominations. Remember them. 423 00:23:54,880 --> 00:23:57,880 Speaker 1: He was one of the architects behind the scenes on them. 424 00:23:57,920 --> 00:24:01,120 Speaker 1: He's a senior, former senior advisor to send a Judiciary 425 00:24:01,160 --> 00:24:05,080 Speaker 1: committee Chuck Grassley, and we're thrilled, thrilled to have him in. 426 00:24:05,119 --> 00:24:08,800 Speaker 1: He's a law clerk to Justice Courseitch on the Supreme Court, 427 00:24:09,280 --> 00:24:12,040 Speaker 1: UH and the US Court of Appeals for the Tent Circuit. 428 00:24:12,560 --> 00:24:16,040 Speaker 1: I'm baffled that this is in the rhetoric right now 429 00:24:16,040 --> 00:24:17,879 Speaker 1: because this, to me came out of left field. And 430 00:24:17,920 --> 00:24:21,119 Speaker 1: granted I'm not a Scotis reporter, but the idea of 431 00:24:21,160 --> 00:24:24,880 Speaker 1: expanding the Supreme Court, I take it you disagree with it, 432 00:24:25,200 --> 00:24:27,879 Speaker 1: but where does it even come from? It is a 433 00:24:28,000 --> 00:24:32,120 Speaker 1: very crazy idea the Supreme Court. The number of justices 434 00:24:32,119 --> 00:24:35,760 Speaker 1: on the Supreme Court has not changed in a hundred 435 00:24:35,760 --> 00:24:40,800 Speaker 1: and fifty years, since eighteen sixty nine. In seven, President 436 00:24:40,960 --> 00:24:43,840 Speaker 1: f dr attempted to pack the court with up to 437 00:24:43,880 --> 00:24:48,600 Speaker 1: fifteen justices and that failed pretty spectacularly. This is coming 438 00:24:48,640 --> 00:24:51,439 Speaker 1: from the far left of the Democrat Party. You have 439 00:24:51,640 --> 00:24:56,359 Speaker 1: a groups out there like demand Justice and uh what 440 00:24:56,359 --> 00:24:59,520 Speaker 1: what what? What's behind this is they are losing badly 441 00:25:00,280 --> 00:25:04,920 Speaker 1: on the judicial fight. President Trump has been very successful 442 00:25:05,119 --> 00:25:09,159 Speaker 1: in appointing very solid judges and justices to the to 443 00:25:09,240 --> 00:25:12,480 Speaker 1: the federal courts, and the Democrats are losing. And now 444 00:25:12,480 --> 00:25:15,119 Speaker 1: they're trying to rewrite the rules because they are losing 445 00:25:15,119 --> 00:25:18,399 Speaker 1: so badly. We are on a we are on the 446 00:25:18,520 --> 00:25:22,480 Speaker 1: verge of a crisis of confidence in the Supreme Court. 447 00:25:22,640 --> 00:25:25,960 Speaker 1: We have to take this challenge head on, and everything 448 00:25:26,080 --> 00:25:28,680 Speaker 1: is on the table to do that. That was Democratic 449 00:25:28,720 --> 00:25:32,920 Speaker 1: presidential candidate Senator Kamala Harris, a Democrat from California, when 450 00:25:32,960 --> 00:25:35,800 Speaker 1: asked by Politico about whether she would be in favor 451 00:25:35,840 --> 00:25:38,399 Speaker 1: of expanding the Supreme Court. I hear you, Mike, but 452 00:25:38,440 --> 00:25:40,160 Speaker 1: I got to disagree in the sense when you say 453 00:25:40,200 --> 00:25:44,159 Speaker 1: that it's a fringe issue when Kamala Harris, Kamala Harris 454 00:25:44,200 --> 00:25:46,840 Speaker 1: is in fringe of the Democratic Party. Yeah, I mean 455 00:25:46,840 --> 00:25:49,639 Speaker 1: there are three Democrats out of the ten on the 456 00:25:49,680 --> 00:25:52,719 Speaker 1: Senate Judiciary Committee who are running for president, Kamala House, 457 00:25:53,160 --> 00:25:58,600 Speaker 1: Kirsten excuse me, uh Bok Booker and um Club char 458 00:25:59,200 --> 00:26:01,679 Speaker 1: Amy Club char Having like Rick Perry, VIDs remembered that 459 00:26:01,720 --> 00:26:05,360 Speaker 1: debate when he couldn't name the three things aren't so yeah, 460 00:26:05,359 --> 00:26:07,520 Speaker 1: so there are there there. It is a race to 461 00:26:07,560 --> 00:26:10,080 Speaker 1: the left because they're just trying to appease these four 462 00:26:10,160 --> 00:26:13,959 Speaker 1: left extremist because it's such a crowded field. All right 463 00:26:14,040 --> 00:26:16,760 Speaker 1: with us in studio also as Garrett Ventry, he's also 464 00:26:16,920 --> 00:26:20,639 Speaker 1: worked on the Senate Judiciary Committee for Chairman Grassi and 465 00:26:20,680 --> 00:26:25,800 Speaker 1: Kaprica Faro, a Democrat. She's the youngest Democrat state senator 466 00:26:26,520 --> 00:26:29,280 Speaker 1: Senate Minority leader in the Ohio State Legislator and she's 467 00:26:29,280 --> 00:26:32,800 Speaker 1: an executive in residence at American University. Finally brought us 468 00:26:32,800 --> 00:26:35,639 Speaker 1: food because she's also a great shop. But as a Democrat, 469 00:26:35,880 --> 00:26:38,280 Speaker 1: as our Democrat on the panel, what do you make 470 00:26:38,320 --> 00:26:41,720 Speaker 1: of of your party talking about expanding the Supreme Court? Um? 471 00:26:41,760 --> 00:26:45,000 Speaker 1: I think this is woefully misguided. You know, look, elections 472 00:26:45,040 --> 00:26:48,160 Speaker 1: have consequences. Um. I was not a huge Hillary Clinton fan, 473 00:26:48,200 --> 00:26:50,720 Speaker 1: but I voted for Hillary Clinton because of my concerns 474 00:26:50,760 --> 00:26:54,720 Speaker 1: about appointments to federal judges, to federal courts, federal benches, 475 00:26:54,760 --> 00:26:58,560 Speaker 1: whether it's the Supreme Court or lower appellate courts. Um. 476 00:26:58,840 --> 00:27:01,520 Speaker 1: You know. So this is what happens when you lose. 477 00:27:01,960 --> 00:27:05,879 Speaker 1: The president gets to to appoint these judges. And the 478 00:27:05,920 --> 00:27:08,960 Speaker 1: same thing goes with the ridiculous concept that we should 479 00:27:09,160 --> 00:27:12,360 Speaker 1: eliminate the electoral college. It exists for a reason. It's 480 00:27:12,359 --> 00:27:16,040 Speaker 1: a it's an equalizer for electorate. And we need to 481 00:27:16,080 --> 00:27:18,240 Speaker 1: grow up, move on and focus on things like the 482 00:27:18,280 --> 00:27:21,600 Speaker 1: fact that President Trump is talking about making you know, 483 00:27:21,760 --> 00:27:25,840 Speaker 1: chained cp I for and and changing change CPI gets 484 00:27:25,840 --> 00:27:28,120 Speaker 1: a shout out on Oh, I'm gonna go I would 485 00:27:28,119 --> 00:27:30,400 Speaker 1: go off. We are a long key, we are long 486 00:27:30,560 --> 00:27:33,040 Speaker 1: to go ahead, Mike, Yeah, I mean I agree with her. 487 00:27:33,040 --> 00:27:35,560 Speaker 1: I mean, if you look at what Senator Diane Feinstein, 488 00:27:35,680 --> 00:27:38,359 Speaker 1: the top Democrat on the Senate Judiciary Committee, has said 489 00:27:38,400 --> 00:27:41,160 Speaker 1: she does not want to pack the court. So she's 490 00:27:41,440 --> 00:27:43,560 Speaker 1: the adults in the room over there for the Democrats 491 00:27:43,600 --> 00:27:45,880 Speaker 1: on the Synate Judiciary. Never thought I would he see 492 00:27:45,880 --> 00:27:49,000 Speaker 1: the day where one of the architects of Kavanaugh's confirmation 493 00:27:49,080 --> 00:27:52,720 Speaker 1: praises Diane only on sound folks like oh, yeah, you 494 00:27:52,720 --> 00:27:54,199 Speaker 1: can't make it up. Go ahead, Mike, I didn't mean 495 00:27:54,200 --> 00:27:58,200 Speaker 1: to interrupt. And uh, the Senate Minority Leader Chuck Schumer 496 00:27:58,280 --> 00:28:01,320 Speaker 1: has been hiding because he gets scared of these far 497 00:28:01,440 --> 00:28:03,879 Speaker 1: left groups who attack him. But he clearly has to 498 00:28:03,920 --> 00:28:06,080 Speaker 1: think that this is a crazy idea, but he just 499 00:28:06,119 --> 00:28:08,360 Speaker 1: doesn't want to say. What are some of the upcoming 500 00:28:08,400 --> 00:28:12,359 Speaker 1: cases from a business perspective on anti trust, on other 501 00:28:12,560 --> 00:28:17,080 Speaker 1: business related issues, right to work laws, union laws that 502 00:28:17,160 --> 00:28:19,120 Speaker 1: are that are coming up before the court, and give 503 00:28:19,160 --> 00:28:21,240 Speaker 1: us a preview. Well, you know, we just had a 504 00:28:21,280 --> 00:28:24,359 Speaker 1: big ruling that came out of the Supreme Court. Justice 505 00:28:24,440 --> 00:28:29,280 Speaker 1: Kavanaugh cited with the for justices who tend to vote 506 00:28:29,920 --> 00:28:33,560 Speaker 1: more to the left or liberal, holding that planeiffs can 507 00:28:33,600 --> 00:28:38,480 Speaker 1: consue Apple under antitrust laws for the sale of apps 508 00:28:38,560 --> 00:28:43,760 Speaker 1: through the Apple uh iTunes store, the app store. So 509 00:28:44,160 --> 00:28:46,880 Speaker 1: I take it you've got a joint. I actually I 510 00:28:46,920 --> 00:28:50,040 Speaker 1: have an iPhone. I'm just not very text happy, So 511 00:28:50,400 --> 00:28:53,840 Speaker 1: you know, I would just say this that it's just it's, um, 512 00:28:53,840 --> 00:28:57,400 Speaker 1: it's hard to predict how justices will rule, especially justices 513 00:28:57,440 --> 00:28:59,400 Speaker 1: in their first you know, first couple of years on 514 00:28:59,440 --> 00:29:03,640 Speaker 1: the bench. But there's there's a legitimate disagreement between you know, 515 00:29:04,160 --> 00:29:07,239 Speaker 1: Justice Cavanall on this antitrust issue and the you know 516 00:29:07,280 --> 00:29:10,000 Speaker 1: the Ford other justices and the descent who tend to 517 00:29:10,080 --> 00:29:13,000 Speaker 1: vote conservatively. So I could I could walk out over 518 00:29:13,080 --> 00:29:16,720 Speaker 1: any trust cases also any day. I think they're they're fascinating, 519 00:29:16,920 --> 00:29:20,240 Speaker 1: all right. I don't want to relitigate the Kavanaugh confirmation hearing, 520 00:29:20,360 --> 00:29:23,840 Speaker 1: but just given that you did have this uh window 521 00:29:23,920 --> 00:29:27,280 Speaker 1: into it, and that no one else had an advantage 522 00:29:27,280 --> 00:29:30,800 Speaker 1: point on it that no one else had. Again, I 523 00:29:30,840 --> 00:29:34,240 Speaker 1: don't want to relitigate it at all. I covered it, 524 00:29:34,320 --> 00:29:37,400 Speaker 1: But what what what is something that that sticks out 525 00:29:37,640 --> 00:29:42,920 Speaker 1: on that process and the night before the vote take 526 00:29:43,040 --> 00:29:46,600 Speaker 1: us back to the behind the scenes the night before 527 00:29:46,760 --> 00:29:50,040 Speaker 1: the vote that was going on, but it was really 528 00:29:50,080 --> 00:29:53,920 Speaker 1: really unknown on the night before he testified, rather the 529 00:29:54,000 --> 00:29:57,800 Speaker 1: night before he testified, just how that testimony would go. 530 00:29:57,880 --> 00:30:01,000 Speaker 1: It gripped the nation. Um well, yeah, I mean it 531 00:30:01,120 --> 00:30:04,640 Speaker 1: was I mean, it was shocking, frankly that what the 532 00:30:04,680 --> 00:30:08,200 Speaker 1: Democrats did to a Supreme Court nominee. You had a 533 00:30:08,560 --> 00:30:12,080 Speaker 1: sitting judge on the DC Court of Appeals, the second 534 00:30:12,160 --> 00:30:15,480 Speaker 1: most important court in the country. He served honorably for 535 00:30:15,560 --> 00:30:19,360 Speaker 1: twelve years on that court. This is a guy who 536 00:30:19,400 --> 00:30:23,840 Speaker 1: went through six full field background investigations over a year. 537 00:30:23,880 --> 00:30:25,480 Speaker 1: I don't mean to interrupt you, but I'm going to 538 00:30:25,640 --> 00:30:27,800 Speaker 1: but take us behind the scenes. Like I don't want 539 00:30:27,800 --> 00:30:31,520 Speaker 1: to relitigate. Where was everybody like the night before that hearing. 540 00:30:31,600 --> 00:30:34,040 Speaker 1: Was everybody huddled in like a like a board from 541 00:30:34,120 --> 00:30:37,960 Speaker 1: going over the going over the confirmation or the the 542 00:30:38,040 --> 00:30:41,280 Speaker 1: hearing process, or was everybody like what was it like? 543 00:30:41,280 --> 00:30:43,160 Speaker 1: Like the color of it? I mean we were working late, 544 00:30:43,360 --> 00:30:45,960 Speaker 1: like we had been working late just about every actually 545 00:30:46,000 --> 00:30:49,240 Speaker 1: every night during the confirmation. UM, we had a phone 546 00:30:49,240 --> 00:30:53,880 Speaker 1: call as part of Justice Kabinall's background investigation going over 547 00:30:53,880 --> 00:30:57,800 Speaker 1: the allegations that have that were being thrown at him. 548 00:30:57,920 --> 00:31:00,719 Speaker 1: UM there were war allegations coming end that ended up 549 00:31:00,760 --> 00:31:04,080 Speaker 1: being completely bogus. And we had a phone call with 550 00:31:04,160 --> 00:31:08,520 Speaker 1: him with the the UM which is the normal course, 551 00:31:09,080 --> 00:31:10,800 Speaker 1: we asked him about these allegations. All right, you know 552 00:31:10,840 --> 00:31:12,320 Speaker 1: what we're gonna do it. We're gonna hold that thought 553 00:31:12,960 --> 00:31:15,200 Speaker 1: because we're gonna you're gonna stick around and where we 554 00:31:15,280 --> 00:31:18,120 Speaker 1: have this extra on Apple iTunes called sound on Extra. 555 00:31:18,160 --> 00:31:21,200 Speaker 1: We're gonna get more behind the scenes on the confirmation 556 00:31:21,280 --> 00:31:23,880 Speaker 1: proceedings and and Kaprika feign knows the thing or two 557 00:31:23,920 --> 00:31:27,320 Speaker 1: about the window into this, by the way, because folks 558 00:31:27,400 --> 00:31:30,480 Speaker 1: outside of Washington, especially if they're listening in, they think 559 00:31:30,480 --> 00:31:32,680 Speaker 1: that it just happens on the fly. I mean, whether 560 00:31:32,720 --> 00:31:37,200 Speaker 1: it's Michael Cohen or Judge Kavanaugh, these things are a process. 561 00:31:37,240 --> 00:31:38,640 Speaker 1: We'll have that more. But I do want to give 562 00:31:38,640 --> 00:31:41,280 Speaker 1: the final word, uh to Mike Davis, who has been 563 00:31:41,320 --> 00:31:44,160 Speaker 1: so generous with his time with us. When you look 564 00:31:44,240 --> 00:31:48,440 Speaker 1: at the right to work laws and union laws in particular, 565 00:31:48,760 --> 00:31:52,200 Speaker 1: and we're staring down the presidential are there any glaring 566 00:31:52,240 --> 00:31:57,480 Speaker 1: cases that come up in terms of union workers and whatnot? Uh, 567 00:31:57,560 --> 00:32:02,040 Speaker 1: you know, I'm not familiar with for the court right now. Uh, Capri, 568 00:32:02,200 --> 00:32:04,240 Speaker 1: what about you? Where the where did the union standards 569 00:32:04,320 --> 00:32:05,920 Speaker 1: we head into this. I mean they're they're front and 570 00:32:05,960 --> 00:32:08,719 Speaker 1: center with trade and sure, yeah, well they I mean 571 00:32:09,080 --> 00:32:11,360 Speaker 1: the A F l C. I Oh, Richard Trumka is 572 00:32:11,400 --> 00:32:13,520 Speaker 1: still saying that, you know, they want more out of U. 573 00:32:13,600 --> 00:32:15,240 Speaker 1: S m C. A. And as far as the Supreme 574 00:32:15,280 --> 00:32:18,000 Speaker 1: Court is concerned, I know that the more recent ruling 575 00:32:18,000 --> 00:32:20,440 Speaker 1: within the last I don't think it was this session, 576 00:32:20,440 --> 00:32:22,680 Speaker 1: but last session in regards to union dudes, was a 577 00:32:22,800 --> 00:32:26,960 Speaker 1: very big deal, UM for UH, for for the labor community. 578 00:32:27,040 --> 00:32:30,160 Speaker 1: All right, I want to thank Garrett Ventry, our resident Republican, 579 00:32:30,240 --> 00:32:32,120 Speaker 1: for the hour, his first time, Garrett, how how was it? 580 00:32:32,440 --> 00:32:33,880 Speaker 1: It was great? Kevin, thanks for having me. Would you 581 00:32:33,920 --> 00:32:36,920 Speaker 1: ever come back? We appreciate that. And Kaprika far Oh 582 00:32:36,920 --> 00:32:40,160 Speaker 1: who's always a friend of the program, UH for an 583 00:32:40,200 --> 00:32:44,040 Speaker 1: executive and residents at American University and working on a book. 584 00:32:44,080 --> 00:32:45,880 Speaker 1: And I can't wait for the book to come out, Capri. 585 00:32:46,040 --> 00:32:48,320 Speaker 1: It's a I don't want to I will stop talking, 586 00:32:48,360 --> 00:32:50,480 Speaker 1: but I'm exciting for the book. UH. And of course 587 00:32:50,480 --> 00:32:53,560 Speaker 1: I'm Mike Davis. I'm Kevin CEREALI chief Washington correspondent Fromomber 588 00:32:53,600 --> 00:32:58,240 Speaker 1: TV and Radio. Thanks for listening to Bloomberg and One