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Speaker 1: Ye, Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keane

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Speaker 1: Jay Lee. We bring you insight from the best in economics, finance, investment,

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Speaker 1: and international relations. Find Bloomberg Surveillance on Apple Podcasts, SoundCloud,

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Speaker 1: Bloomberg dot Com, and of course, on the Bloomberg John

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Speaker 1: us Now is a former US Ambassador to the EU.

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Speaker 1: He's Anthony Gardner Ambassador. When you look at everything that's happened,

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Speaker 1: we've lost seventy two hours. What does this mean for breaksit? Well,

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Speaker 1: first of all, it's unprecedented for a sitting president United

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Speaker 1: States during a state visit to attack and ally and

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Speaker 1: do it so publicly and endorse one of her rivals

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Speaker 1: for that position. It's unprecedented in its outrageous. The second

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Speaker 1: point it's an import is that the comments were just,

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Speaker 1: you know, not on the mark. A lot of US businesses,

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Speaker 1: as you know and use your viewers would know, have

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Speaker 1: invested in the UK as a gateway to Europe, just

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Speaker 1: like the Japanese have. So in fact, many of those

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Speaker 1: businesses want UK regulations to remain aligned with those of

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Speaker 1: the EU. The second point is important is that a

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Speaker 1: lot of the regulations that the US complains about and

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Speaker 1: that the President and Wilbert Ross wanted the UK to ditch.

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Speaker 1: Are those agricultural regulations that impede US exporters from selling

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Speaker 1: GMO products and hormone treated beefs on? Those things aren't

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Speaker 1: going to change. But I guess what I was trying

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Speaker 1: to get in my question is, you know, the President

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Speaker 1: of United States shows up saying maybe it's Boris Johnson

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Speaker 1: that should be Prime minister? Does the UK rally for

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Speaker 1: the prime minister? Does it actually make her stronger? I

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Speaker 1: think they probably will. We've seen a lot of reactions

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Speaker 1: so far, mostly from the Labor Party, but I think

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Speaker 1: we'll see a lot of reactions as well from the

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Speaker 1: Tory saying it's just not appropriate for president to be

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Speaker 1: interfering in the UK politics in this way. Ambassador, probably

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Speaker 1: all want to go to Venice and hide in the

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Speaker 1: Peggy looking On collection today, where you've provided leadership, that

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Speaker 1: would be a good place to get out of the storm.

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Speaker 1: You are one of the singular American voices, your cross

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Speaker 1: section of law and diplomacy as well in this cacophony

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Speaker 1: that we see here, How does Washington extract itself to

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Speaker 1: a president? Obama would say, and I would suggest President

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Speaker 1: Trump as well, to a better place out of the

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Speaker 1: endless and ceaseless noise that we have. What are Republicans

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Speaker 1: on the hill have to do? What are Democrats have

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Speaker 1: to do? What do these institutions have to do. That's

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Speaker 1: a great question and there is no clear answer to it.

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Speaker 1: But this is my answer to your question. I think

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Speaker 1: US business does have to speak up. Now. This is

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Speaker 1: not a part of an issue. This is important, it

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Speaker 1: is not a part as an issue. Just to ask

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Speaker 1: the question, how is any of this advancing US interests,

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Speaker 1: particularly US business interests? When we withdraw from international trade,

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Speaker 1: When the EU sets its standards globally, including an agriculture

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Speaker 1: on data protection wise and we're not, how does it

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Speaker 1: advance US interests? Two days after Brexit, Francie and I

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Speaker 1: were still trying to get through the debris that that

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Speaker 1: evening and into the next morning. I remember ubs purchased

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Speaker 1: a property or went from least to ownership or whatever

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Speaker 1: on the River Thames. We're going to hear from James

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Speaker 1: Diamond today and is JP Morgan earnings. What does someone

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Speaker 1: like Jamie Diamond have to say to suggest to President

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Speaker 1: Trump this behavior, this tabloid is not in the best

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Speaker 1: interests of all What does Jamie have to do well?

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Speaker 1: The basic point is remember who your allies are and

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Speaker 1: who your enemies are. Let's stop confusing the two. We

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Speaker 1: need to work with our allies, including the European Union,

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Speaker 1: who are natural partners at advancing our interests, particularly on trade.

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Speaker 1: On the business interests or your viewers are particularly interested in.

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Speaker 1: That means, for example, identifying the issues where the presidents

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Speaker 1: correctly identified as being problematic IP theft market access to

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Speaker 1: various countries, not only China. We should be working with

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Speaker 1: the EU as we have been in the past on

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Speaker 1: those issues, rather than being at war with the EU

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Speaker 1: on cars and on aluminum and on steel. That's the

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Speaker 1: basic point, right, But a mess this helps with his popularity. Right.

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Speaker 1: We're close to the midterm elections, so actually America going

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Speaker 1: out of a loan a strong man president that can

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Speaker 1: get a deal with China sounds better than going through

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Speaker 1: allies in Europe and trying to figure out what we

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Speaker 1: do with I p Yes, but that's short term thinking.

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Speaker 1: I think businesses should be in the business of mid

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Speaker 1: term and long term thinking as well. Um and we

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Speaker 1: will soon see the consequences of a potentially a trillion

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Speaker 1: dollar trade war on US exporters. A lot of people

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Speaker 1: are assuming that this is just negotiating tactics. Right. The

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Speaker 1: President knows what he's doing. He's a good negotiator, successful businessman.

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Speaker 1: It'll all sort itself out. Be careful about that kind

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Speaker 1: of you know thinking, because I don't see a strategy

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Speaker 1: behind this. Businesses need to warren as President Isabelle. What's

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Speaker 1: precedent in the markets? Do markets need to warn President Trump?

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Speaker 1: I think they do. Another, I think they are and

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Speaker 1: in fact we're I'm sure again we're going to hear

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Speaker 1: in the earnings called some some some stronger language from

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Speaker 1: from the corporate world that that came out clearly from

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Speaker 1: the five minutes that were published last week. The businesses

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Speaker 1: are beginning to to speak. And as I was saying earlier,

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Speaker 1: the markets, you know, are pricing in a much higher

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Speaker 1: risk premium in every asset class under the sun than

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Speaker 1: they did last year. Why is that? It's in large

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Speaker 1: part because of all this uncertainty that that the US

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Speaker 1: policies have been creating. In your government studies at Harvard

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Speaker 1: and then on to Oxford and the Columbia law all

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Speaker 1: the track of Anthony Gardner. What I find so important

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Speaker 1: here is you know, an event after event, the unpredictable happens.

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Speaker 1: Are we set up right now for the unpredictable abilities

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Speaker 1: that we heard financially, what we saw out of the

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Speaker 1: Soviet Union? Are we at that instability within Europe right now? Well,

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Speaker 1: we're sending a lot of negative signals, and signals communication

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Speaker 1: and words matter. Even if all of this is sorted out,

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Speaker 1: we're sending dangerous signals about how the president is at

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Speaker 1: least ambivalent about our alliances NATO in the EU. That's dangerous.

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Speaker 1: Look at historical historical evidence. Are the Baltic states at

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Speaker 1: risk here? I mean we're talking about Georgia and the

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Speaker 1: rest of the tangential in Ukraine. Are the Baltic states

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Speaker 1: at risk? I think they feel that they're at risk,

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Speaker 1: and it empowers those who believe that those frontline states

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Speaker 1: actually may not be defended at a time of need.

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Speaker 1: Let's look at historical experience. When both sides mobilized, there

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Speaker 1: comes a point when it's very hard to withdraw. I'm

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Speaker 1: talking about the trade war here. We are at an

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Speaker 1: inflection point. Very good, Let's come back, Combassador Gardener, where

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Speaker 1: this and we will continue, and of course Isabelle Lago

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Speaker 1: as well from black Rock. This wonderful conversation to get

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Speaker 1: the day started. In London. Alex Wayne is the guy

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Speaker 1: in the trenches who takes all the different copy from

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Speaker 1: the reporters and makes it ready for Bloomberg News, Bloomberg

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Speaker 1: dot Com and of course for how many sources that

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Speaker 1: uses worldwide. We've dragged him away. He's working his phone here, Lisa.

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Speaker 1: It's embarrassing. His phone looks like he dropped it four

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Speaker 1: times in a bar last night. But you're glued to

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Speaker 1: the phone with nine reporters right now. What are the

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Speaker 1: people in checkers saying? It's pretty quiet up there? You know?

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Speaker 1: He's he played down the Sun interview when he when

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Speaker 1: he met with May, he said they have a very

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Speaker 1: very strong relationship. May was we couldn't we couldn't hear

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Speaker 1: very well for one thing. But she she, she seemed

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Speaker 1: like and they seemed to be getting along. Account helber Adi,

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Speaker 1: it's you're based in London or Washington. I'm based in Washington.

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Speaker 1: Based in Washington. There's the Washington Post, in the New

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Speaker 1: York Times, in Bloomberg News, and I love two days

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Speaker 1: this week Mike Allen and Axios led twice with Bloomberg copy.

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Speaker 1: Everybody's grinding it out. But the tabloid thing, I mean,

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Speaker 1: you're a pro journalist. I'm just pretending. The bottom line,

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Speaker 1: Alex is the tabloid tone in the United Kingdom is

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Speaker 1: way different than Washington and frankly way different than Mr

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Speaker 1: Murdock's New York Post as well. What did you think

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Speaker 1: of the presentation of the interview by the Sun. Uh,

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Speaker 1: you know, I've actually enjoyed it reading as a as

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Speaker 1: a reader, I found it a pretty pleasurable experience and

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Speaker 1: just kept going on and on and giving and giving

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Speaker 1: more and more. Now they do some stuff on their

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Speaker 1: website with ads and things that are a little distracting,

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Speaker 1: and uh and but I but I did like the

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Speaker 1: way they organized it. They sort of broke it up

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Speaker 1: into different sections with pictures, and you know, he covered

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Speaker 1: a lot of ground with them. Three right, one of

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Speaker 1: my at least, so one of my producers, Bowden ripped,

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Speaker 1: I go, where's page three? And he goes ripped it

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Speaker 1: out and I said why, he said, shut up? Time,

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Speaker 1: just go on. I love I love the the u

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Speaker 1: S analysis of the Sun. There were a lot of

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Speaker 1: nice pictures. No, Alex, I do want to get a

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Speaker 1: sense of the broader implications here of President Trump going

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Speaker 1: after Theresa May and frankly showing a lot of affection

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Speaker 1: towards barn Boris Johnson Um and sort of saying, if

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Speaker 1: you know that the Brexit deal that Theresa May is

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Speaker 1: putting out there isn't what the US is talking about,

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Speaker 1: isn't what the the UK isn't what the UK population

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Speaker 1: voted for in the U S could potentially cut its trade,

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Speaker 1: some of its trade relationships or deals. Why what is

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Speaker 1: this significant not only for Britain but just in terms

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Speaker 1: of President Trump's sentiment right now? Short answer, No, not really, alright,

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Speaker 1: you know everybody everybody in the UK is very exercised

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Speaker 1: about the interview. Oh my gosh, he cut Theresa Mays

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Speaker 1: at knees out from underneath her. It's probably helpful for

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Speaker 1: I mean, he's not very popular in the UK, not

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Speaker 1: very popular in the US. Uh. If he's attacking the

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Speaker 1: Prime minister, I think that probably makes a lot of

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Speaker 1: Britain sympathetic toward her position. Hold on one second, this

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Speaker 1: is actually really important. We need to highlight this. You're

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Speaker 1: saying that by President Trump trying to cut down the

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Speaker 1: UK Prime Minister Theresa May. He's actually giving her more

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Speaker 1: clout with the population and could potentially give her more

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Speaker 1: power heading into Brexit negotiations. I think he could help

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Speaker 1: ear and I have a feeling she has a has

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Speaker 1: her finger closer to the pulse of what what Britain's

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Speaker 1: want and a Brexit deal than he does. When we

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Speaker 1: look at Kevin's really coming here. Was traveled with the

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Speaker 1: president since the very beginning. Wait, you know when nobody

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Speaker 1: thought he would be even his supporters think he'd become president.

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Speaker 1: In the grind that you're in, alex Wayne every day,

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Speaker 1: how has the president changed in the last year? And

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Speaker 1: then in the day to day grind, what do you observe?

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Speaker 1: Is he the same as he was a year ago?

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Speaker 1: Or has it been changes? Man? That's deep? Um you

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Speaker 1: do this Friday? Also, I went to a Croatian bar

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Speaker 1: last night, so seriously changed. I think his his relationship

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Speaker 1: with the press has gotten more complex. Uh, And I

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Speaker 1: think I think that this Annapolis shooting recently kind of

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Speaker 1: put a put a sort of highlighted that, Um he

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Speaker 1: you know, he's always demonized us in front of his

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Speaker 1: supporters and then dealt with us on the back end.

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Speaker 1: But uh, you know, he's he's been spending a lot

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Speaker 1: of time with us lately on all these foreign trips.

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Speaker 1: Um he's been. There's been a lot of lengthy conference

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Speaker 1: was and now he didn't give us much notice about

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Speaker 1: the press. But quickly here he spoke nicely to Margaret

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Speaker 1: to love as well. He did what was stunning he did,

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Speaker 1: he did, He's he's uh, he seems he's developed a

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Speaker 1: relationship with Margaret, with Jennifer Jacobs, with some of the

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Speaker 1: other reporters. Um, So you know, I think he's Even

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Speaker 1: when he was ripping us at his rallies, I thought

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Speaker 1: it was mostly for show. It's it's really become quite clearly.

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Speaker 1: And I want you to stay here, but your entourages

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Speaker 1: out through the window of our London studios saying Mr

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Speaker 1: Wayne has to go back to his real job. Alex Wayne,

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Speaker 1: thank you so much, folks. It's just a window into

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Speaker 1: our lead editor of our Brexit team. We drive forward

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Speaker 1: our conversation on Bloomberg surveillance, as we did it with

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Speaker 1: Ambassador Gardener in the last hour, with another ambassador from

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Speaker 1: the United Kingdom and their former ambassador of the United States,

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Speaker 1: also serving as ambassador to France and to Turkey as well.

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Speaker 1: Peter Wassmancutt joining us this morning, Ambassador, thank you so

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Speaker 1: much for finding time on this just exceptionally unique day.

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Speaker 1: As well. There is a moment in the John Adams

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Speaker 1: television series where the acclaimed actor Paul Giamati is Johnny

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Speaker 1: Adams goes in to meet the king after the Revolution.

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Speaker 1: Stunning scene, at least for ugly Americans like me. He

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Speaker 1: backs out of the room. Now, I'm assuming the President

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Speaker 1: will not back out of the room today were the

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Speaker 1: queen when they have tea. But after what we've seen

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Speaker 1: in this tabloid, how will the Queen of England greet

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Speaker 1: this President of the United States. The Queen has a

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Speaker 1: lot of experience of dealing with visiting statesman she's met,

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Speaker 1: and a a lot of presidents post to the United

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Speaker 1: States and elsewhere. My hunch from my own experience is

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Speaker 1: that this will be super correct. It will be cordial.

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Speaker 1: There will be conversation about relatively unpolitical issues. I would

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Speaker 1: be surprised if her Majesty asks about, you know, the

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Speaker 1: Sun editorial and so on, But but who knows. So

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Speaker 1: I think this is a meeting, which is which is

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Speaker 1: largely a courtesy t at the Castle of windsor give

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Speaker 1: great pleasure to the first lady. I'm sure it will

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Speaker 1: give great pleasure to the President. But this is not

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Speaker 1: a conversation I don't think, which is like did to

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Speaker 1: go into the substance in any great depth? Will the

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Speaker 1: nation rally around the Prime minister after what we've seen here?

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Speaker 1: Will labor Tory? Will people not attached the politics? Will

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Speaker 1: they rally around the Prime Minister? Well, I think there's

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Speaker 1: a sense that this is a pretty unpleasant payback to

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Speaker 1: the Prime Minister who's gone out of her way to

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Speaker 1: give Donald Trump almost in all the detail, an equivalent

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Speaker 1: of a state visit without him being a state visit.

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Speaker 1: Red carpet, blendim palace, tea with the Queen, all the

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Speaker 1: other stuff which has been laid on, And this is

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Speaker 1: a bit of a kick in the teeth, frankly to

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Speaker 1: the Prime Minister. I don't know what it's designed to achieve.

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Speaker 1: I noticed that the President was not kind of renting.

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Speaker 1: He was calm and deliberate while he was giving an interview.

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Speaker 1: Was it something he had been encouraged to do in

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Speaker 1: order to strengthen the hard Brexit is here in British

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Speaker 1: domestic politics. Was it something she decided to do because

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Speaker 1: it was the opposite of what President Obama had done,

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Speaker 1: which was to come to London and support UM not

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Speaker 1: doing Brexit at David Cameron's request, and he decided he

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Speaker 1: would come to then Um and take the opposite view,

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Speaker 1: mind you, this time undermining the prime minister of the country,

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Speaker 1: not supporting the prime minister country. I do not know,

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Speaker 1: but I think we are in we are in different

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Speaker 1: territory and it's not helpful to the prime minister position,

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Speaker 1: and there could be some sort of a backlash saying,

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Speaker 1: you know what, whether we agree or whether we don't

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Speaker 1: agree what she's trying to do. This is not fair, right,

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Speaker 1: But is she also weakened by it? I'm not sure

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Speaker 1: that I can. I don't have a view on that yet.

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Speaker 1: I think we wait to see. Initially, I think she's

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Speaker 1: a bit weakened because what it does is point out

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Speaker 1: the contradictions which we all know are unresolved within the

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Speaker 1: government's position on how to handle Brexit. When President Trump

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Speaker 1: says BI natural trade deal with neither the States is off,

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Speaker 1: I think he's a little out of date because he's

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Speaker 1: looking at the time when the Brexit package appeared to

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Speaker 1: be one which excluded the right for the UK to

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Speaker 1: have any bilactural free trade agreements. The Prime Minister has

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Speaker 1: since been in Parliament saying, actually it doesn't we can

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Speaker 1: negotiate those free trade agreements. So whether she's weak or not,

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Speaker 1: I don't know, but I don't think this helps the

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Speaker 1: relationship and the perception of Donald Trump here in the

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Speaker 1: United Kingdom. Okay, Is it because Donald Trump actually sees

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Speaker 1: parallels between Brexit and his own election? Is that why

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Speaker 1: he's weighing in or is it because he's simply friends

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Speaker 1: with Boris Johnson. I think in one sense we're seeing

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Speaker 1: his preference for bilateral deals. He doesn't like multilateral doesn't

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Speaker 1: like NATO, EU, all those countries coming together, and he

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Speaker 1: thought the answer was a deal between himself and the UK,

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Speaker 1: and he saw that perhaps disappearing. I think that's part

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Speaker 1: of it. The Boris Johnson thing puzzles me because bald

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Speaker 1: Boris Johnson was one of the British politicians who was

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Speaker 1: rudest about Donald Trump during the campaign. Since then, he's

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Speaker 1: been flattering him, saying how marvelous he is, so obviously

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Speaker 1: something has changed in that relationship. Beyond that, does he

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Speaker 1: really think Boris Johnson gonna become Prime Minister? Hut. We

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Speaker 1: want to come back and continue this discussion. But you

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Speaker 1: are one of the few people alive today understand the

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Speaker 1: special relationship of the United Kingdom in France where you served,

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Speaker 1: in the United States where you served. This triangle of

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Speaker 1: three centuries of relationship is really at risk here. How

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Speaker 1: do we extricate ourselves from this moment to get back

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Speaker 1: to what the United Kingdom, France and America once had.

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Speaker 1: It's an extraordinary good question. When I was in Paris,

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Speaker 1: there was an element of the bilateral relationship being special

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Speaker 1: and entente cordial, and some British politicians wanted to focus

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Speaker 1: exclusively on the United States. The French saw it a

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Speaker 1: bit more triangular. My own view was that with Britain

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Speaker 1: and France the only two serious European powers in defense

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Speaker 1: and intelligence and so on, that it was important for

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Speaker 1: all three of us to work together. And when you

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Speaker 1: look at the moment when we countries of the leaders

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Speaker 1: of the free world, if you like hav Inter been

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Speaker 1: militarily often, the three of us have been in there

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Speaker 1: Iraq being a great exception, of course, back in two

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Speaker 1: thousand and three. So getting this relationship working again very important.

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Speaker 1: I think President Emmanuel Macros has done a very good

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Speaker 1: job of Matt. He has stood up to Donald Trump.

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Speaker 1: He has also lavished praise on him. He's had him

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Speaker 1: to Paris for the vast Year Days celebrations. But he's

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Speaker 1: also just are you with him when he's needed to

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Speaker 1: do so. Theresa May has done so because there've been

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Speaker 1: numerous occasions when British and French views on international affairs

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Speaker 1: have been contradicted or even undermined by President Trump. So

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Speaker 1: we have to get that relationship back. It's a very

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Speaker 1: good point to make. How we do it remains to

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Speaker 1: be seen. Peter Westcott, thank you so much. He's, of

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Speaker 1: course a former UK ambassador to the US. We need

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Speaker 1: not to go to the White House and our Kevin

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Speaker 1: Sally Kevin a press conference with a certain level of joviality.

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Speaker 1: Have you ever seen him say I'm not going to

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Speaker 1: take a question from CNN? Was that a first or

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Speaker 1: is that business as usual for you animals that cover

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Speaker 1: the president? Business as usual? Business as usual? Look, and

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Speaker 1: obviously we should know our our intrepid colleagues with PNN.

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Speaker 1: You great work over there, But but I want to

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Speaker 1: make a here because it's fascinating to note that after

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Speaker 1: that black high affair yesterday, President Trump, as he left

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Speaker 1: that that dinner with the UK Prime Minister Theresa May

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Speaker 1: see Rupert Murdoch owned The Sun published this uh, this

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Speaker 1: interview uh, and as it was made public, flash forward

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Speaker 1: to this morning and loving when the President says that

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Speaker 1: he apologized to the UK Prime Minister and she brushed

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Speaker 1: it off and said, quote unquote, this is just the press.

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Speaker 1: So it was an interesting display and an illustration of

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Speaker 1: how the special relationship between the US and the UK

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Speaker 1: has evolved in the Trump era. Also note that, more importantly,

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Speaker 1: from a policy standpoint, UK Prime Minister Theresa May saying

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Speaker 1: that President Trump is going into the July sixty meeting

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Speaker 1: with President Who in hell Sinky from a quote unquote

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Speaker 1: position of strength and a unified NATO, the President saying

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Speaker 1: that he secured thirty four billion dollars additional funding Canado.

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Speaker 1: Oh within that, Kevin, is the preparation, preparation for what

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Speaker 1: you and I will see monday in Helsinki. Tell us

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Speaker 1: what's different about the preparation for this summit from any

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Speaker 1: other big meeting that President Trump would have. There were

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Speaker 1: certainly the preparation for the Singapore summit. What's different and

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Speaker 1: how he's preparing the expectations. The President said point blank

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Speaker 1: that he doesn't have high expectations that he's the administration

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Speaker 1: is really going out of its way to manage expectations

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Speaker 1: with this President Trump and President Putin meeting, the President

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Speaker 1: saying that he barely knows President Putin, that he's only

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Speaker 1: met with him to two and a half times his work,

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Speaker 1: his counting, I don't know how you need someone to

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Speaker 1: have fun, but uh, and I think that from a

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Speaker 1: from an agenda standpoint. More importantly, senior administration officials as

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Speaker 1: well as the President saying that the main topics the

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Speaker 1: conversation will be UH, disarmament, UH, Ukraine, Syria, and yes

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Speaker 1: election medally on the issue of crimea, particularly from an

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Speaker 1: energy sector standpoint, tom the President did not forecast at

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Speaker 1: all during this press conference when he was repeatedly asked

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Speaker 1: what his policy would be, or how he or what

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Speaker 1: outcome even he is hoping to articulate the President Photin

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Speaker 1: with regard to crimea. Kevin SURREALI one topic that did

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Speaker 1: not get mentioned, but that could be described as a

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Speaker 1: sort of in the center of Syria and Crimea as

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Speaker 1: well as what is going on inside the European Union

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Speaker 1: and NATO, and that is Turkey. And uh, I'm wondering

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Speaker 1: if there's any thought that you've or any based on

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Speaker 1: your conversations, whether anyone has been talking about what is

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Speaker 1: happening in Turkey. You have Turkish government bond yields tenure

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Speaker 1: yields near seventeen percent, you have the Turkish leer trading

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Speaker 1: at a record low against the US dollar, and at

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Speaker 1: the same time Turkeys looking to by Russian missile systems

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Speaker 1: and US mad F thirty five joint strike fighters. Yes,

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Speaker 1: and I think that that is from a broader context.

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Speaker 1: You correct, there has been no direct connection of Turkey

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Speaker 1: in the last week or comments from Turkey Bostly administration

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Speaker 1: publicly forecasting remarks regarding Ukraine and Crimea, but with regards

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Speaker 1: to the Turkey in particular, I think this is where

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Speaker 1: the NATO negotiations really become interesting, particularly but the President

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Speaker 1: asserting that he has been able to ulster NATO funding that,

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Speaker 1: according to Prime Minister May, is something that gets the

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Speaker 1: president an upper hand in the Putin Trump meeting or

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Speaker 1: summit call, which one uh in hell stinky, I would

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Speaker 1: quickly note. And Tom when we talked about this every

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Speaker 1: morning about how you know, we make light of it.

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Speaker 1: But but just from the from the moment that we're in,

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Speaker 1: if you look at the names and how President Trump

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Speaker 1: is presenting himself, Rupert Murdoch owned the sun. Uh, this

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Speaker 1: was this is President trump embrace thing, the triangulation of

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Speaker 1: presenting himself European stage of Nile Farage, Deep Bannon, a

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Speaker 1: senior economic adviser, Peter Navarrow, Kevin Curlie, please stay with us.

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Speaker 1: We're now seeing the cars at checkers on a very

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Speaker 1: brown grass field. The heat here, folks has been really stunning.

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Speaker 1: All of the parks of London are brown brown brown,

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Speaker 1: uh and dry dry dry, And the helicopter waiting to

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Speaker 1: take the president of course t scheduled at Windsor today,

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Speaker 1: Kevin with within the dance here is immigration and that

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Speaker 1: is something that clearly ties every modern nation together. Review

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Speaker 1: for our global audience and our American audience, how the

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Speaker 1: president is doing in the polls. I have told many

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Speaker 1: people this week in London that when the President mentions

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Speaker 1: his beliefs on immigration. It's not a small, small, any

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Speaker 1: minority interest. How is he doing in the polls? The

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Speaker 1: base of the Republican Party is very much with him.

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Speaker 1: He remains incredibly popular amongst Republicans. Congress remains incredibly unpopular.

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Speaker 1: Uh and and I would note for the global audience,

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Speaker 1: there was a fascinating scene earlier this week for President

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Speaker 1: Trump really taking head on German Chancellor Angela Merkel. That

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Speaker 1: plays incredibly well the independent voters, particularly when he's arguing

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Speaker 1: that other countries ought to be putting the bill in NATO.

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Speaker 1: Now there is rightful criticism of the president mathematical assertion

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Speaker 1: of that, uh and and and people can have that

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Speaker 1: policy debate, but from a pure political standpoint, not a

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Speaker 1: policy standpoint. That moment where the President is speaking on

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Speaker 1: behalf of American taxpayers is that plays well according to

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Speaker 1: the political advisors that I speak with here in Washington,

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Speaker 1: on both sides of the Aisle. UH. Independent voters in

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Speaker 1: states like Wish, Michigan, with consinent Pennsylvania Kevin Sirley, thank

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Speaker 1: you so much. Really look forward to seeing you UH

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Speaker 1: in Helsinki here in the next twelve to UH twenty

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Speaker 1: four hours, Kevin as surly as our chief Washington corresponded,

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Speaker 1: Thanks for listening to the Bloomberg Surveillance podcast. Subscribe and

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Speaker 1: the podcast. You can always catch us worldwide. I'm Bloomberg

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Speaker 1: Radio