1 00:00:02,160 --> 00:00:06,880 Speaker 1: Now from our nation's capital. This is Bloomberg Sound On. 2 00:00:07,880 --> 00:00:10,920 Speaker 1: The Ukrainian people are united and resilient, and I learned 3 00:00:10,920 --> 00:00:13,280 Speaker 1: that the EU and NATO are also similarly. In the 4 00:00:13,400 --> 00:00:18,080 Speaker 1: United is acting in a highly contentional way because he 5 00:00:18,200 --> 00:00:22,480 Speaker 1: knows he has leverage from his energy dominant Bloomberg Sound 6 00:00:22,520 --> 00:00:27,000 Speaker 1: on Politics, Policy and perspective from DC's top Names. We 7 00:00:27,040 --> 00:00:30,680 Speaker 1: are going to need to rethink our relationships in Western Europe. 8 00:00:30,680 --> 00:00:33,080 Speaker 1: We do not want to get into a situation where 9 00:00:33,200 --> 00:00:37,519 Speaker 1: Russian and NATO get into an armed contract. Bloomberg Sound 10 00:00:37,560 --> 00:00:43,559 Speaker 1: On with Joe Matthew on Bloomberg Radio. Advances in the 11 00:00:43,600 --> 00:00:47,440 Speaker 1: south of Ukraine in a war now denounced by the U, 12 00:00:47,680 --> 00:00:50,960 Speaker 1: N and China is getting closer. A day after President 13 00:00:51,000 --> 00:00:53,880 Speaker 1: Biden used his first State of the Union address to 14 00:00:53,960 --> 00:00:57,800 Speaker 1: label Vladimir Putin a dictator, now fed, Chair j Powell 15 00:00:58,320 --> 00:01:01,320 Speaker 1: adds another layer, saying the war could help determine the 16 00:01:01,320 --> 00:01:04,640 Speaker 1: way forward on interest rates. Part of his testimony today 17 00:01:04,680 --> 00:01:07,479 Speaker 1: in the House. Welcome to the Fastest Hour in Politics 18 00:01:07,480 --> 00:01:10,759 Speaker 1: with the latest ahead from Bloomberg, National Security correspondent Bill 19 00:01:10,880 --> 00:01:15,240 Speaker 1: Ferries and analysis today from Ed Mills, Washington policy analyst 20 00:01:15,240 --> 00:01:17,800 Speaker 1: at Raymond James will be with us in just a moment, 21 00:01:17,840 --> 00:01:20,240 Speaker 1: and later we'll turn to Texas, where the mid term 22 00:01:20,280 --> 00:01:22,920 Speaker 1: election season officially got under way last night. Were you 23 00:01:22,920 --> 00:01:25,880 Speaker 1: paying attention, We'll cover it all with the Sound on panel. 24 00:01:25,880 --> 00:01:30,160 Speaker 1: Bloomberg Politics contributors Genie Chanzano and Rick Davis back with 25 00:01:30,280 --> 00:01:34,200 Speaker 1: us today. China leans further away from Russia as Moscow 26 00:01:34,240 --> 00:01:37,200 Speaker 1: continues shelling cities in the north of Ukraine, including Kiev, 27 00:01:37,319 --> 00:01:39,399 Speaker 1: making a push as well into the southern part of 28 00:01:39,400 --> 00:01:43,160 Speaker 1: the country. The Defense Minister claiming the Defense Minister of 29 00:01:43,240 --> 00:01:46,160 Speaker 1: Russia that is claiming to capture the port city of Kerson. 30 00:01:46,240 --> 00:01:50,040 Speaker 1: They say they're on the move here. Mariupol nearby is 31 00:01:50,160 --> 00:01:53,560 Speaker 1: under heavy bombardment. Could give Russia a land corridor from 32 00:01:53,560 --> 00:01:57,600 Speaker 1: the Crimean Peninsula to Russia's mainland border, and they say 33 00:01:57,640 --> 00:02:02,400 Speaker 1: that could happen soon. Enter China. No, we've talked about 34 00:02:02,440 --> 00:02:05,280 Speaker 1: some of the stuff. China almost tacit approval recently, says 35 00:02:05,280 --> 00:02:08,720 Speaker 1: it's now quote extremely concerned about harm to civilians as 36 00:02:08,800 --> 00:02:12,239 Speaker 1: Russia continues its invasion. China's Foreign minister, speaking with his 37 00:02:12,320 --> 00:02:16,960 Speaker 1: counterpart to Day in Ukraine interesting, saying China deplores the 38 00:02:17,040 --> 00:02:19,920 Speaker 1: outbreak of what it now calls a war rather than 39 00:02:19,960 --> 00:02:24,880 Speaker 1: a special military operation that we were hearing about. Secretary 40 00:02:24,880 --> 00:02:27,520 Speaker 1: of State Anthony B. Lincoln today calling out Russia for 41 00:02:27,639 --> 00:02:33,480 Speaker 1: its bombing campaign. Yesterday, Russian strikes in Kiev struck the 42 00:02:33,520 --> 00:02:37,520 Speaker 1: capital's main television and radio tower and destroyed part of 43 00:02:37,520 --> 00:02:41,960 Speaker 1: the Babby Yard Holocaust Memorial. These aren't military targets. They 44 00:02:42,000 --> 00:02:46,720 Speaker 1: are places where civilians work and families live. And as 45 00:02:46,720 --> 00:02:49,120 Speaker 1: the President indicated last night the State of the Union, 46 00:02:49,160 --> 00:02:51,480 Speaker 1: this war will likely get worse before it gets better. 47 00:02:51,600 --> 00:02:55,960 Speaker 1: Latest now from Bloomberg National Security correspondent Bill Ferries with 48 00:02:56,040 --> 00:02:58,320 Speaker 1: us on sound on. Bill, thank you for being here. 49 00:02:58,680 --> 00:03:00,960 Speaker 1: As I read from you on the terminal, the Pentagon 50 00:03:01,000 --> 00:03:05,160 Speaker 1: says Russia stalled but is learning from its mistakes. How 51 00:03:05,200 --> 00:03:08,560 Speaker 1: bad could this get the next couple of days. Well, 52 00:03:08,639 --> 00:03:11,160 Speaker 1: we're seeing, you know what, we've seen a little bit 53 00:03:11,200 --> 00:03:15,040 Speaker 1: of a pushback. We've seen We've seen a stronger Ukrainian 54 00:03:15,080 --> 00:03:18,959 Speaker 1: resistance than I think. UM, some in certainly, some in Moscow, 55 00:03:19,040 --> 00:03:22,799 Speaker 1: but many in the West, uh stronger than they expected. Um. 56 00:03:23,000 --> 00:03:26,120 Speaker 1: What the Pentagon saying today is, you know, that fight 57 00:03:26,240 --> 00:03:29,920 Speaker 1: to go into Kiev or to capture Kiev. Um has 58 00:03:29,960 --> 00:03:33,600 Speaker 1: not played out the way Russia wanted it to, but uh, 59 00:03:33,639 --> 00:03:36,440 Speaker 1: they're still and they're still continuing to have problems with 60 00:03:36,520 --> 00:03:39,560 Speaker 1: fuel supplies and some food shortages, believe it or not, 61 00:03:40,120 --> 00:03:43,480 Speaker 1: but they are working to get over those and they're 62 00:03:43,600 --> 00:03:47,400 Speaker 1: they're diverting forces around some of the trouble spots to 63 00:03:47,520 --> 00:03:51,280 Speaker 1: try to to try to surround some of these big cities. Uh, 64 00:03:51,320 --> 00:03:54,200 Speaker 1: they still have the numbers on their side ultimately, so 65 00:03:54,720 --> 00:03:57,680 Speaker 1: uh it's it's not gone the way they've wanted it to, 66 00:03:57,880 --> 00:04:00,320 Speaker 1: but they have the numbers to kind of force it 67 00:04:00,440 --> 00:04:02,760 Speaker 1: to go their way eventually. How important is this new 68 00:04:02,760 --> 00:04:04,960 Speaker 1: push in the south, As I mentioned Russia claiming to 69 00:04:05,000 --> 00:04:07,880 Speaker 1: capture the port city of Kurson. Others could follow and 70 00:04:07,880 --> 00:04:11,440 Speaker 1: that would give them a a land route to the 71 00:04:11,480 --> 00:04:15,120 Speaker 1: Crimean Peninsula to mainland Russia. This could happen imminently. That 72 00:04:15,120 --> 00:04:18,520 Speaker 1: would open up just a whole different front here for Ukraine. 73 00:04:19,760 --> 00:04:22,280 Speaker 1: It really would. It would help them flow troops in 74 00:04:22,320 --> 00:04:25,560 Speaker 1: from another direction. And you know also what we're seeing 75 00:04:25,600 --> 00:04:29,000 Speaker 1: in the east. You know, traditionally before this latest conflict, 76 00:04:29,120 --> 00:04:32,679 Speaker 1: that's where that's where Ukraine had some of its best 77 00:04:32,760 --> 00:04:35,920 Speaker 1: and you know, most professional and strongest forces was out 78 00:04:35,920 --> 00:04:38,160 Speaker 1: there in the east. If you can really kind of 79 00:04:38,200 --> 00:04:40,400 Speaker 1: isolate them from the rest of the country, You're going 80 00:04:40,440 --> 00:04:44,760 Speaker 1: to do severe damage to Ukraine's ability to fight just 81 00:04:45,120 --> 00:04:47,960 Speaker 1: by keeping those kind of troops out of the fight. Well, 82 00:04:47,960 --> 00:04:50,479 Speaker 1: I'll tell you did. Did the comments today from China 83 00:04:50,600 --> 00:04:53,040 Speaker 1: make a difference? This is a real change in language, 84 00:04:53,040 --> 00:04:57,400 Speaker 1: extremely concerned deplours the outbreak calling it award is Vladimir 85 00:04:57,400 --> 00:05:01,200 Speaker 1: Putin here this, I'm sure he hears it um, and 86 00:05:01,240 --> 00:05:04,360 Speaker 1: it's very interesting. It makes you wonder whether China felt 87 00:05:04,400 --> 00:05:08,400 Speaker 1: like they got duped by putin Um or whether you know, 88 00:05:08,480 --> 00:05:11,599 Speaker 1: they just mistrusted the U S intelligence so much that 89 00:05:11,720 --> 00:05:14,760 Speaker 1: they kind of blinded themselves to the reality on the ground. 90 00:05:15,760 --> 00:05:18,200 Speaker 1: I do think Putin Here's this. I don't think it's 91 00:05:18,200 --> 00:05:20,720 Speaker 1: going to change his game plan in the immediate future. 92 00:05:21,440 --> 00:05:25,200 Speaker 1: I think ultimately, you know, a longer term, that may 93 00:05:25,760 --> 00:05:29,680 Speaker 1: help persuade him to open up some sort of you know, 94 00:05:29,800 --> 00:05:32,440 Speaker 1: real talks with Ukraine. But I don't think he's going 95 00:05:32,480 --> 00:05:34,680 Speaker 1: to do that till he has a stronger foothold in 96 00:05:34,760 --> 00:05:37,719 Speaker 1: the country. So I guess in the end, it's it's 97 00:05:37,720 --> 00:05:40,719 Speaker 1: not going to change A calculus for the time period 98 00:05:40,720 --> 00:05:43,960 Speaker 1: that matters. Bill Ferries is the head of Bloomberg's National 99 00:05:44,040 --> 00:05:47,800 Speaker 1: security team, and Bill, we thank you for the insights today. 100 00:05:48,120 --> 00:05:51,000 Speaker 1: As we turned to Ed Mills, Washington policy analyst and 101 00:05:51,040 --> 00:05:54,080 Speaker 1: managing director at Raymond James, it's great to have you 102 00:05:54,160 --> 00:05:55,960 Speaker 1: back at I know you were watching the State of 103 00:05:55,960 --> 00:06:00,400 Speaker 1: the Union last evening as President Biden labeled Vladimir Putin 104 00:06:00,440 --> 00:06:02,600 Speaker 1: the dictator. There was a lot of tough talk that 105 00:06:02,680 --> 00:06:05,919 Speaker 1: got the whole room up on its feet, but he 106 00:06:06,000 --> 00:06:09,200 Speaker 1: also seemed to indicate that Americans need to be prepared 107 00:06:09,279 --> 00:06:12,120 Speaker 1: for worse before it gets better. Where are you expecting 108 00:06:12,120 --> 00:06:15,760 Speaker 1: in the next couple of days, um, Joe, It's going 109 00:06:15,839 --> 00:06:19,320 Speaker 1: to be something that absolutely gets worse before it gets better. 110 00:06:19,480 --> 00:06:23,279 Speaker 1: I think that what's been remarkable over the last number 111 00:06:23,320 --> 00:06:27,640 Speaker 1: of weeks, we have consistently had events that everyone says 112 00:06:27,720 --> 00:06:31,720 Speaker 1: cannot happen, but they continue to happen. The President has 113 00:06:31,880 --> 00:06:36,719 Speaker 1: tried to um carve out from sanctions oil, natural gas, 114 00:06:36,800 --> 00:06:41,279 Speaker 1: other energy aspects of the package, but the reality is 115 00:06:41,400 --> 00:06:44,920 Speaker 1: the financial sanctions here are going to have as much 116 00:06:45,040 --> 00:06:48,039 Speaker 1: pressure and Congress is starting to put pressure on the 117 00:06:48,040 --> 00:06:53,360 Speaker 1: President to go further. Uh So, the economic impact in inflation. 118 00:06:53,440 --> 00:06:56,840 Speaker 1: Concerns are absolutely going to continue at a minimum and 119 00:06:56,960 --> 00:07:00,280 Speaker 1: kind of from a humanitarian military crisis that where the 120 00:07:00,320 --> 00:07:04,680 Speaker 1: geopolitical premium continues to add to volatility in the market. Well, 121 00:07:04,800 --> 00:07:07,240 Speaker 1: speaking of that, we heard from the Chair of the 122 00:07:07,279 --> 00:07:10,480 Speaker 1: Federal Reserve today, J Powell, testifying before the House Financial 123 00:07:10,560 --> 00:07:13,240 Speaker 1: Services Committee, and he actually got to the war in 124 00:07:13,360 --> 00:07:17,200 Speaker 1: Ukraine speaking to the uncertainty that this whole situation brings 125 00:07:17,280 --> 00:07:20,119 Speaker 1: to the trajectory for interest Raith. We're dealing with rising 126 00:07:20,200 --> 00:07:24,080 Speaker 1: energy prices, rising prices for many commodities. Listen to J. 127 00:07:24,240 --> 00:07:27,320 Speaker 1: Powell from earlier today. The near term effects on the 128 00:07:27,400 --> 00:07:31,680 Speaker 1: U S economy of the invasion of Ukraine, the ongoing war, sanctions, 129 00:07:32,280 --> 00:07:36,840 Speaker 1: end of events yet to come remain highly uncertain. Making 130 00:07:36,880 --> 00:07:41,040 Speaker 1: appropriate monetary policy in this environment requires a recognition that 131 00:07:41,120 --> 00:07:44,720 Speaker 1: the economy evolves in unexpected ways. We will need to 132 00:07:44,760 --> 00:07:48,040 Speaker 1: be nimble and responding to incoming data and the evolving code. Look, 133 00:07:48,200 --> 00:07:51,560 Speaker 1: so we're obviously still data dependent and we're war dependent. 134 00:07:51,640 --> 00:07:53,760 Speaker 1: Apparently here at are we going to find ourselves in 135 00:07:53,800 --> 00:07:56,240 Speaker 1: a couple of months watching the Federal Reserve pull back 136 00:07:56,280 --> 00:08:00,080 Speaker 1: on this tightening regime. Joe, I think they can in 137 00:08:00,200 --> 00:08:02,880 Speaker 1: you to tighten. I think that, you know, we heard 138 00:08:02,920 --> 00:08:04,800 Speaker 1: that we are going to get a twenty five basis 139 00:08:04,800 --> 00:08:07,960 Speaker 1: point move in March. I think that that's not going 140 00:08:08,000 --> 00:08:10,840 Speaker 1: to be the only increase this year. But I do 141 00:08:11,040 --> 00:08:13,120 Speaker 1: look to the balance sheet as a way in which 142 00:08:13,160 --> 00:08:16,120 Speaker 1: the FETE has more tools in their tool kit. I 143 00:08:16,160 --> 00:08:18,000 Speaker 1: think that they're going to try to do what they 144 00:08:18,000 --> 00:08:20,840 Speaker 1: can to make sure that there is a steepness to 145 00:08:20,840 --> 00:08:25,080 Speaker 1: the curve so that we can have um financial institutions 146 00:08:25,080 --> 00:08:27,480 Speaker 1: that are profitable in to kind of prop up the 147 00:08:27,480 --> 00:08:30,840 Speaker 1: economy where necessary. But the real concern here is where 148 00:08:30,880 --> 00:08:34,760 Speaker 1: does this force the FET's hand. If you have inflation 149 00:08:34,840 --> 00:08:39,960 Speaker 1: that continues, especially through commodity pricing UM and a desire 150 00:08:40,000 --> 00:08:42,679 Speaker 1: to maybe pull back from that tightening because of the 151 00:08:42,720 --> 00:08:46,200 Speaker 1: geopolitical risk, that's a very difficult needle to thread. Powell 152 00:08:46,240 --> 00:08:49,600 Speaker 1: has proven himself in the past. Uh my expectation is 153 00:08:49,640 --> 00:08:52,120 Speaker 1: that he is the person for the job right now 154 00:08:52,240 --> 00:08:56,120 Speaker 1: because it wasn't hard enough already. Part of the administration's plan, 155 00:08:56,200 --> 00:08:59,200 Speaker 1: as you well know ed, to curb inflation is to 156 00:08:59,240 --> 00:09:03,080 Speaker 1: get this China Competition Bill passed, get the Chips Act passed, 157 00:09:03,640 --> 00:09:07,280 Speaker 1: and try to start investing in domestic chip manufacturing. We 158 00:09:07,360 --> 00:09:10,960 Speaker 1: heard President Biden talk about this for months. It's still 159 00:09:11,360 --> 00:09:13,760 Speaker 1: has not been passed. The House and Senate haven't gotten 160 00:09:13,800 --> 00:09:16,679 Speaker 1: together on this. He called for it again last night. 161 00:09:16,720 --> 00:09:19,679 Speaker 1: How important is that to get past it in terms 162 00:09:19,679 --> 00:09:22,760 Speaker 1: of lowering prices? I know this is a long term project. 163 00:09:22,840 --> 00:09:24,760 Speaker 1: Is it ever going to see the light of day? 164 00:09:25,360 --> 00:09:27,840 Speaker 1: If you put the chips funding on the floor of 165 00:09:27,840 --> 00:09:30,720 Speaker 1: the House or the Senate tomorrow pass it would pass 166 00:09:30,840 --> 00:09:35,320 Speaker 1: almost unanimously. The issue here is everything else in the 167 00:09:35,600 --> 00:09:40,480 Speaker 1: China US competition. Don't Republicans like about it? Um? In 168 00:09:40,520 --> 00:09:43,880 Speaker 1: the House? Um, there are provisions that kind of add 169 00:09:43,880 --> 00:09:47,520 Speaker 1: to some some new trade policy. Republicans in the House 170 00:09:47,640 --> 00:09:50,360 Speaker 1: are saying that it doesn't go far enough. I think 171 00:09:50,400 --> 00:09:53,640 Speaker 1: the reality here is more political. It's a question do 172 00:09:53,880 --> 00:09:57,840 Speaker 1: Republicans want to give Democrats a victory on getting tough 173 00:09:57,880 --> 00:10:02,440 Speaker 1: with China, solving supply chain and issues, solving semiconductor issues. 174 00:10:02,760 --> 00:10:05,160 Speaker 1: I think kind of on a political basis, the answer 175 00:10:05,280 --> 00:10:09,120 Speaker 1: is no. The better kind of prospects here really are 176 00:10:09,240 --> 00:10:12,640 Speaker 1: if the Senate gets more involved in the conference negotiations. 177 00:10:12,960 --> 00:10:15,720 Speaker 1: The leading supporter of this is a member of the 178 00:10:15,720 --> 00:10:19,120 Speaker 1: Republican leadership in the Senate Senator Cornin from Texas. So, Joe, 179 00:10:19,520 --> 00:10:21,600 Speaker 1: I do think that this has a chance of passing. 180 00:10:21,640 --> 00:10:23,599 Speaker 1: It just needs to get pushed over the hump and 181 00:10:23,679 --> 00:10:27,120 Speaker 1: probably some of those extraneous provisions stripped from it well. 182 00:10:27,120 --> 00:10:29,560 Speaker 1: As you wrote in your note to clients about this, 183 00:10:29,640 --> 00:10:33,400 Speaker 1: the best chance for advancing this legislation remains the bipartisan support, 184 00:10:33,520 --> 00:10:36,000 Speaker 1: especially in the Senate. To your point just now for 185 00:10:36,040 --> 00:10:40,199 Speaker 1: the semiconductor funding as it's in conference. Though this thing 186 00:10:40,280 --> 00:10:42,800 Speaker 1: seems that, you know, the conversation seems to fade out 187 00:10:42,840 --> 00:10:46,600 Speaker 1: every time we turn to something else. I wonder if 188 00:10:47,000 --> 00:10:50,600 Speaker 1: both parties could take credit for this. Isn't that possible 189 00:10:50,600 --> 00:10:53,120 Speaker 1: for Republicans to say, hey, look we we get along 190 00:10:53,160 --> 00:10:57,480 Speaker 1: with Democrats when it counts. Yes, But I think we 191 00:10:57,520 --> 00:10:59,959 Speaker 1: are getting closer and closer to an election season where 192 00:11:00,640 --> 00:11:04,440 Speaker 1: Republican to the significant games and they don't want to 193 00:11:04,480 --> 00:11:08,480 Speaker 1: give anything to Democrats to reset this um. You know, 194 00:11:08,920 --> 00:11:12,520 Speaker 1: that's what happens any election year. It's very likely to 195 00:11:12,559 --> 00:11:14,599 Speaker 1: happen again here, Joe. This could be one of the 196 00:11:14,640 --> 00:11:17,120 Speaker 1: few exceptions this day after the State of the Union, 197 00:11:17,160 --> 00:11:19,600 Speaker 1: then ed Mills, we have less than a minute left 198 00:11:19,600 --> 00:11:23,280 Speaker 1: did anything that President Biden proposed last night, much of 199 00:11:23,320 --> 00:11:26,000 Speaker 1: which was, you know, part of Build Back Better that 200 00:11:26,120 --> 00:11:28,400 Speaker 1: we saw last year. Can any of that pass on 201 00:11:28,440 --> 00:11:32,199 Speaker 1: its own in a midsrom election year. Billback Better only 202 00:11:32,200 --> 00:11:35,880 Speaker 1: needs Democratic votes. Mansion has signaled that increase willingness to 203 00:11:35,920 --> 00:11:40,120 Speaker 1: start negotiating. My concern about his proposal is it is 204 00:11:40,480 --> 00:11:43,600 Speaker 1: heavy on tax increases, which is the one thing that 205 00:11:43,640 --> 00:11:47,040 Speaker 1: Senator Cinema says she can't be. So is he negotiating 206 00:11:47,040 --> 00:11:49,160 Speaker 1: in good faith or his the hopering up the one 207 00:11:49,200 --> 00:11:52,679 Speaker 1: thing that he knows can happen. Ed Mills, Washington policy analyst, 208 00:11:52,760 --> 00:11:56,280 Speaker 1: managing director at Raymond James Great Insights. At this day, 209 00:11:56,320 --> 00:11:59,120 Speaker 1: after the big speech, will assemble the panel next. I 210 00:11:59,160 --> 00:12:01,120 Speaker 1: think they got some asked Rick and Jan Here with 211 00:12:01,240 --> 00:12:04,840 Speaker 1: us the Signature panel on Bloomberg. Sound on. I'm Joe Matthew. 212 00:12:04,960 --> 00:12:11,000 Speaker 1: This is Bloomberg. You're listening to Bloomberg. You sound on 213 00:12:11,440 --> 00:12:17,120 Speaker 1: with Joe Matthew on Bloomberg Radio to hear that headline 214 00:12:17,120 --> 00:12:23,640 Speaker 1: from Charlie Pellett. Fitch downgrades Russia two junk on ratings 215 00:12:23,760 --> 00:12:28,560 Speaker 1: Watch negative. It just keeps getting worse here for Russia, 216 00:12:28,679 --> 00:12:33,480 Speaker 1: certainly economically, but it's not changing behavior. As we heard 217 00:12:33,520 --> 00:12:35,600 Speaker 1: today from the Chief of Staff of the White House, 218 00:12:35,640 --> 00:12:37,719 Speaker 1: he was out early after the big speech last night. 219 00:12:38,000 --> 00:12:42,439 Speaker 1: Ron Klain says, the USC's no signs that Vladimir Putin 220 00:12:42,440 --> 00:12:46,320 Speaker 1: has any intentions to withdraw from Ukraine. Forget the talks 221 00:12:46,360 --> 00:12:49,240 Speaker 1: that you're hearing about. Clean spoke at the Economic Club 222 00:12:49,240 --> 00:12:52,160 Speaker 1: of Washington, d C. With none other than David Rubinstein 223 00:12:52,280 --> 00:12:54,400 Speaker 1: of Bloomberg's peered up here. Listen to what he said. 224 00:12:55,120 --> 00:12:59,199 Speaker 1: Hasn't been deciding what would happen if the Russians withdrew again. 225 00:12:59,240 --> 00:13:03,320 Speaker 1: That'd be part of whatever kind of diplomacy would unwind 226 00:13:04,000 --> 00:13:07,480 Speaker 1: the crisis in Ukraine. Uh. Sadly, Uh, this is a this, 227 00:13:07,520 --> 00:13:11,040 Speaker 1: as you say, is a hypothetical question. We see no signs, unfortunately, 228 00:13:11,320 --> 00:13:14,040 Speaker 1: that the Russians have any intention of withdrawing right now, 229 00:13:14,040 --> 00:13:17,960 Speaker 1: and indeed their military operations in Ukraine continue to escalate. 230 00:13:18,120 --> 00:13:20,360 Speaker 1: This is where we begin with the panel. Bloomberg Politics 231 00:13:20,400 --> 00:13:23,920 Speaker 1: contributors Jeanie Chanzano and Rick Davis off our special coverage 232 00:13:24,320 --> 00:13:26,080 Speaker 1: from the State of the Union last night. It's great 233 00:13:26,120 --> 00:13:28,480 Speaker 1: to see both of you guys back here again. Rick, 234 00:13:28,600 --> 00:13:30,800 Speaker 1: how does that hit you when you hear the chief 235 00:13:30,800 --> 00:13:33,720 Speaker 1: of staff speaking like that he knows intelligence that we 236 00:13:33,760 --> 00:13:36,280 Speaker 1: don't know about. Based on what you're seeing in Russia, 237 00:13:36,679 --> 00:13:40,360 Speaker 1: there's no off ramp anymore for Vladimir Putin. Yeah, I'm 238 00:13:40,400 --> 00:13:42,120 Speaker 1: not sure there was ever an off ramp. I mean, 239 00:13:42,280 --> 00:13:44,320 Speaker 1: you know, the guy moves a hundred and fifty thousand 240 00:13:44,400 --> 00:13:46,720 Speaker 1: troops into a country, He's not likely to do it 241 00:13:46,760 --> 00:13:49,000 Speaker 1: for a weekend, you know. At Bernie's. I mean, they're 242 00:13:49,040 --> 00:13:51,520 Speaker 1: gonna stay for a while, and they're gonna rape and 243 00:13:51,520 --> 00:13:55,800 Speaker 1: pillage the government and install their own uh, you know, 244 00:13:55,880 --> 00:13:59,280 Speaker 1: sort of Flunkey's claiming that, you know, these are the 245 00:13:59,280 --> 00:14:02,240 Speaker 1: folks who can really run Ukraine. So we're in for 246 00:14:02,280 --> 00:14:04,839 Speaker 1: a long haul. I mean, I I don't imagine there 247 00:14:04,920 --> 00:14:08,360 Speaker 1: was any calculation that Vladimir Putin had that he thought 248 00:14:08,360 --> 00:14:09,640 Speaker 1: he was only gonna be in there for a short 249 00:14:09,640 --> 00:14:12,640 Speaker 1: period of time. Jennie, how long can President Zelenski stay there? 250 00:14:13,320 --> 00:14:15,400 Speaker 1: The President Biden was asked today as he was headed 251 00:14:15,480 --> 00:14:17,600 Speaker 1: Marine one on his way to Wisconsin about this. He says, 252 00:14:17,640 --> 00:14:19,200 Speaker 1: you know, we're in touch with them, will do anything 253 00:14:19,840 --> 00:14:21,280 Speaker 1: that we can to help. But of course, you know 254 00:14:21,320 --> 00:14:23,320 Speaker 1: the famous line. Now it's gonna be on T shirts. 255 00:14:23,360 --> 00:14:26,240 Speaker 1: I don't need a ride, I need ammunition. Uh, that's 256 00:14:26,240 --> 00:14:28,320 Speaker 1: gonna be target number one. He is going to be, 257 00:14:28,360 --> 00:14:31,160 Speaker 1: as he said himself, for Vladimir Putin, that's a game 258 00:14:31,240 --> 00:14:34,680 Speaker 1: changer if they kill him, correct, that's right. And and 259 00:14:34,720 --> 00:14:37,360 Speaker 1: to your point, he's been saying that for you know, 260 00:14:37,440 --> 00:14:39,480 Speaker 1: a week or more, that he and his family are 261 00:14:39,520 --> 00:14:42,280 Speaker 1: target number one. Um. You know there was talk early 262 00:14:42,400 --> 00:14:46,080 Speaker 1: on that potentially the United States, the West could help 263 00:14:46,120 --> 00:14:49,080 Speaker 1: them set up an ex government in exile. He obviously 264 00:14:49,160 --> 00:14:52,360 Speaker 1: wants to stay in Kiev and fight in Kiev. Um. 265 00:14:52,400 --> 00:14:55,480 Speaker 1: But if he is, you know, God forbid, if if 266 00:14:55,520 --> 00:14:58,880 Speaker 1: if he if he is you know, killed by the Russians. Um, 267 00:14:58,920 --> 00:15:01,840 Speaker 1: you know, that would to a certain extent be a 268 00:15:01,880 --> 00:15:04,520 Speaker 1: game changer. You know, it's unclear at this point what 269 00:15:04,600 --> 00:15:07,880 Speaker 1: kind of succession is in place. There should something happen, um. 270 00:15:08,040 --> 00:15:10,480 Speaker 1: So that is a real concern. And as we see 271 00:15:10,520 --> 00:15:13,360 Speaker 1: the Russians moving forward, and you talked about this in 272 00:15:13,400 --> 00:15:16,400 Speaker 1: the first in the first block into these cities and 273 00:15:16,560 --> 00:15:21,120 Speaker 1: these enclaves, you know that is a increasingly realistic possibility 274 00:15:21,360 --> 00:15:24,960 Speaker 1: the captures a Lensky Rick does that emboldened or or 275 00:15:25,000 --> 00:15:27,760 Speaker 1: motivate is a better word, Ukrainian troops or is that 276 00:15:27,800 --> 00:15:29,960 Speaker 1: what Vladimir Putin hopes it is? And that's cutting the 277 00:15:29,960 --> 00:15:32,320 Speaker 1: head off the snake. You know, I don't think that 278 00:15:32,320 --> 00:15:34,200 Speaker 1: you can cut the head off this snake. The snake 279 00:15:34,480 --> 00:15:37,800 Speaker 1: is the Ukrainian people. We've already seen all kinds of 280 00:15:37,840 --> 00:15:42,240 Speaker 1: acts of courage by ordinary citizens taking up arms against 281 00:15:42,320 --> 00:15:45,640 Speaker 1: the Russian horde. Uh. And I don't think Vladimir Putin 282 00:15:45,680 --> 00:15:49,160 Speaker 1: can do anything but make that even more committed. Although 283 00:15:49,200 --> 00:15:51,680 Speaker 1: at this point in time, I'd have to think that 284 00:15:51,560 --> 00:15:55,360 Speaker 1: the country is unified in the struggle against Russia and 285 00:15:55,440 --> 00:15:59,440 Speaker 1: Vladimir Putin and and nothing that happens to the leadership 286 00:15:59,600 --> 00:16:01,720 Speaker 1: is going to effect that. These are folks who are 287 00:16:01,720 --> 00:16:04,200 Speaker 1: in for the struggle of their life, and they put 288 00:16:04,200 --> 00:16:06,680 Speaker 1: their lives on the line, and and and I don't 289 00:16:06,720 --> 00:16:10,920 Speaker 1: think that changes, uh, depending upon what happens to President Zelinsky. 290 00:16:10,960 --> 00:16:12,960 Speaker 1: And of course we all hope that he stays safe 291 00:16:13,280 --> 00:16:16,160 Speaker 1: and continues to be the simple freedom in Ukraine. You 292 00:16:16,280 --> 00:16:18,520 Speaker 1: both had a chance to sleep on the speech you 293 00:16:18,600 --> 00:16:21,360 Speaker 1: gave us instant analysis after we heard from Joe Biden 294 00:16:21,400 --> 00:16:23,120 Speaker 1: the state of the Union last night. Now that it's 295 00:16:23,160 --> 00:16:25,720 Speaker 1: had some time to distill usually feels a little bit 296 00:16:25,720 --> 00:16:28,000 Speaker 1: different the next day. Hear from other people. You remember 297 00:16:28,080 --> 00:16:29,800 Speaker 1: lines that you might not have thought about. In our 298 00:16:29,800 --> 00:16:32,920 Speaker 1: postgame show, Jeannie, how did Joe Biden? Do we know 299 00:16:33,040 --> 00:16:35,760 Speaker 1: that he scored on Ukraine? We saw it in the room. 300 00:16:35,800 --> 00:16:38,280 Speaker 1: There was energy, both sides were out of their seats. 301 00:16:38,680 --> 00:16:41,200 Speaker 1: But over the course of that hour there was a 302 00:16:41,240 --> 00:16:44,040 Speaker 1: lot he talked about, and he kind of meandered through 303 00:16:44,080 --> 00:16:46,960 Speaker 1: a lot of it before you know, a smashing finish 304 00:16:47,000 --> 00:16:49,040 Speaker 1: that you're supposed to have. The state of our union 305 00:16:49,120 --> 00:16:51,280 Speaker 1: is strong. How did he do last night? Joe? I'm 306 00:16:51,320 --> 00:16:53,120 Speaker 1: scared to tell you that I did sleep, because I 307 00:16:53,160 --> 00:16:54,840 Speaker 1: know you did not, because you've been on the air 308 00:16:54,880 --> 00:16:58,400 Speaker 1: pretty much seven But you know, um, I do think, 309 00:16:58,440 --> 00:17:00,240 Speaker 1: I mean, we we talked about this lot, and I 310 00:17:00,600 --> 00:17:03,680 Speaker 1: do still think it was really two speeches in one, 311 00:17:03,800 --> 00:17:06,359 Speaker 1: one that had to be planned sort of last minute, 312 00:17:06,440 --> 00:17:08,920 Speaker 1: the Ukrainian part, which did get a lot of my 313 00:17:09,119 --> 00:17:14,639 Speaker 1: partisan support. I was underwhelmed by this speech myself, and 314 00:17:14,680 --> 00:17:17,679 Speaker 1: I think part of it, even the Ukrainian part, is 315 00:17:18,119 --> 00:17:21,639 Speaker 1: you know, I teach about democratic backsliding. I'm teaching a 316 00:17:21,640 --> 00:17:24,720 Speaker 1: class on that right now. Nobody is better prepared than 317 00:17:24,800 --> 00:17:27,720 Speaker 1: Joe Biden to talk about this crisis in Europe and 318 00:17:27,840 --> 00:17:30,880 Speaker 1: something that you just talked to at Mills about really 319 00:17:30,880 --> 00:17:33,400 Speaker 1: struck me this idea and said, you know, we keep 320 00:17:33,400 --> 00:17:36,119 Speaker 1: thinking these things won't happen, and they do. I almost 321 00:17:36,160 --> 00:17:38,439 Speaker 1: got that sense from the speech last night that Biden 322 00:17:38,480 --> 00:17:40,920 Speaker 1: feels a little bit like us, like this has happened 323 00:17:40,960 --> 00:17:43,199 Speaker 1: and it's hard to grasp your head around it. And 324 00:17:43,280 --> 00:17:45,439 Speaker 1: yet I felt like he didn't do enough to prepare 325 00:17:45,440 --> 00:17:48,639 Speaker 1: the American people for the pain and to educate on 326 00:17:48,840 --> 00:17:51,840 Speaker 1: why we are there and why it is an interest 327 00:17:52,200 --> 00:17:54,560 Speaker 1: paramount interest of the United States and the West to 328 00:17:54,600 --> 00:17:56,480 Speaker 1: be there. So you know, I had problems with other 329 00:17:56,480 --> 00:17:59,280 Speaker 1: parts of the speech too, but I felt in the 330 00:17:59,640 --> 00:18:02,960 Speaker 1: Ukraine and Party even I was thinking he was better 331 00:18:03,000 --> 00:18:05,520 Speaker 1: prepared to handle it than I felt like he did. Rick, 332 00:18:05,640 --> 00:18:09,640 Speaker 1: was it better written or better delivered? I'm not sure 333 00:18:09,680 --> 00:18:12,000 Speaker 1: it was better written or better delivered. I mean, it's 334 00:18:12,040 --> 00:18:13,920 Speaker 1: kind of like Chinese food. You eat it, you're full 335 00:18:13,960 --> 00:18:16,800 Speaker 1: for a while, and then you wake up next morning hungary. 336 00:18:16,240 --> 00:18:18,639 Speaker 1: I mean I woke up this morning hungary. Now I 337 00:18:18,680 --> 00:18:22,200 Speaker 1: want Chinese food. Rick and Jennie with us for the hour. 338 00:18:22,280 --> 00:18:26,600 Speaker 1: Our signature panel on Bloomberg Sound On. I'm Joe Matthew 339 00:18:26,680 --> 00:18:30,720 Speaker 1: at World Headquarters in New York. We turned to the primaries. 340 00:18:30,760 --> 00:18:32,840 Speaker 1: Did you miss it in Texas last night? Greg Daro 341 00:18:32,960 --> 00:18:35,520 Speaker 1: will be with us. We'll check markets and traffic next. 342 00:18:35,680 --> 00:18:40,760 Speaker 1: This is Bloomberg. So in Texas, at least the governor's 343 00:18:40,840 --> 00:18:46,760 Speaker 1: races set. Republicans sent a message they want to keep 344 00:18:46,840 --> 00:18:51,680 Speaker 1: Texas the land of opportunity and prosperity. But absolutely everybody, 345 00:18:51,680 --> 00:18:54,359 Speaker 1: this group of people and then some are gonna make 346 00:18:54,400 --> 00:18:56,280 Speaker 1: me the first Democrats to be governor of the state 347 00:18:56,320 --> 00:19:01,640 Speaker 1: of Texas since n how about it or Greg Abbott, 348 00:19:01,640 --> 00:19:04,920 Speaker 1: We're off and running. And yeah, Democrats seem to think 349 00:19:04,960 --> 00:19:08,520 Speaker 1: they have big plans here for the state of Texas, 350 00:19:09,720 --> 00:19:13,240 Speaker 1: known of course for being deep read, but maybe not forever. 351 00:19:13,359 --> 00:19:15,520 Speaker 1: Although they didn't quite have the night they were hoping for. 352 00:19:15,640 --> 00:19:18,000 Speaker 1: We've got a bunch of races as you look down 353 00:19:18,040 --> 00:19:20,640 Speaker 1: ballot that are going to be going to run off here. 354 00:19:20,760 --> 00:19:24,399 Speaker 1: The future of the Bush name in Texas politics is 355 00:19:24,440 --> 00:19:26,240 Speaker 1: at stake, and we're joined to talk about all of 356 00:19:26,240 --> 00:19:30,240 Speaker 1: this by Greg Darrow, Bloomberg, Government's Elections reporter. Greg, thanks 357 00:19:30,280 --> 00:19:31,640 Speaker 1: for being with us. I know you had a late 358 00:19:31,720 --> 00:19:34,159 Speaker 1: night as well, waiting for some of these counties to 359 00:19:34,240 --> 00:19:36,760 Speaker 1: come in last night. What was the biggest surprise in 360 00:19:36,800 --> 00:19:40,080 Speaker 1: Texas well? I think the headline immediately after the primary 361 00:19:40,119 --> 00:19:42,320 Speaker 1: was that two S two U S. House members who 362 00:19:42,720 --> 00:19:44,280 Speaker 1: have failed to win a majority of the vote in 363 00:19:44,320 --> 00:19:47,040 Speaker 1: their primaries were thrust in the runoff elections that will 364 00:19:47,080 --> 00:19:49,280 Speaker 1: be held in May. Their Democrat, Henry Quay are in 365 00:19:49,760 --> 00:19:52,560 Speaker 1: Republican Van Taylor. But in a major development since then, 366 00:19:52,680 --> 00:19:56,119 Speaker 1: Van Taylor, who's a two term Republican and a Marine 367 00:19:56,119 --> 00:20:02,000 Speaker 1: Corps veteran from the Dallas suburbs be carefully abruptly ended 368 00:20:02,000 --> 00:20:05,400 Speaker 1: his campaign and is not competing in the May runoff 369 00:20:05,560 --> 00:20:07,919 Speaker 1: and which into which he was forced that when he 370 00:20:07,960 --> 00:20:11,040 Speaker 1: was the vote against four ponents. It's a pretty grizzly 371 00:20:11,080 --> 00:20:14,919 Speaker 1: story about him earlier today, Is that what happened? Yeah? Yeah, um. 372 00:20:15,000 --> 00:20:17,400 Speaker 1: He was already struggling to win a majority in that primary, 373 00:20:17,400 --> 00:20:20,560 Speaker 1: in part because his opponents questioned his loyalty to Donald 374 00:20:20,600 --> 00:20:24,240 Speaker 1: Trump at that race, was rocked by the congressman ending 375 00:20:24,320 --> 00:20:28,119 Speaker 1: his campaign after acknowledging Wednesday afternoon, the day after the 376 00:20:28,160 --> 00:20:30,600 Speaker 1: primary on Tuesday, that he had an extra matteral of 377 00:20:30,720 --> 00:20:35,600 Speaker 1: fair so the shocking development in effect hands the Republican 378 00:20:35,640 --> 00:20:39,360 Speaker 1: nomination to the second place finisher in that primary. Let's 379 00:20:39,359 --> 00:20:41,159 Speaker 1: just say, we're not going to read the texts to 380 00:20:41,280 --> 00:20:44,320 Speaker 1: you on the air. Uh, Greg, don't worry, We're not 381 00:20:44,359 --> 00:20:47,400 Speaker 1: going to do that. Henry quay Are, though a fixture 382 00:20:47,680 --> 00:20:50,680 Speaker 1: in politics in Texas, couldn't get it done. He's going 383 00:20:50,720 --> 00:20:53,639 Speaker 1: to a runoff as well. That's right. Henry Quare is 384 00:20:53,680 --> 00:20:57,199 Speaker 1: a long time moderate blue dog congressman in a broader 385 00:20:57,280 --> 00:21:01,040 Speaker 1: district that includes Laredo part of San Antono Onio. And 386 00:21:01,119 --> 00:21:03,560 Speaker 1: he was in a rematch with Jessica Says Narrows, a 387 00:21:03,640 --> 00:21:07,359 Speaker 1: progressive immigration lawyer and a former Quair intern who was 388 00:21:07,400 --> 00:21:12,160 Speaker 1: backed by politically liberal organizations and by Alexandria Coscio Cortes. 389 00:21:12,240 --> 00:21:15,480 Speaker 1: And what was a rematch of a primary that Quare 390 00:21:15,560 --> 00:21:18,479 Speaker 1: one by four points. This one was closer and Quare 391 00:21:18,560 --> 00:21:23,080 Speaker 1: failed to reach plus one. That about forty percent on 392 00:21:23,080 --> 00:21:25,840 Speaker 1: the vote. Uh, since Naros about seven percent. And then 393 00:21:25,880 --> 00:21:29,000 Speaker 1: a third candidate whose views are much closer to Sayce 394 00:21:29,080 --> 00:21:31,639 Speaker 1: Narrows is than to Quare, has got about five percent. 395 00:21:31,760 --> 00:21:36,200 Speaker 1: So says Narrows can coal us that vote, the progressive 396 00:21:36,280 --> 00:21:38,040 Speaker 1: vote in the next twelve weeks, she has a good 397 00:21:38,040 --> 00:21:40,480 Speaker 1: shot of unseating Henry Quaire and that run off in May. 398 00:21:40,560 --> 00:21:42,280 Speaker 1: That would be a big deal. How much of an 399 00:21:42,280 --> 00:21:46,760 Speaker 1: impact did Alexandria Coscio Cortez having these races? It was 400 00:21:46,960 --> 00:21:50,320 Speaker 1: hard to say, Um, you know, um, clearly she's a 401 00:21:50,359 --> 00:21:53,240 Speaker 1: big draw for the progressive groups. Um. I believe you know, 402 00:21:53,280 --> 00:21:57,760 Speaker 1: sayce narosis campaign UM probably thinks that she's clearly a 403 00:21:57,760 --> 00:22:01,040 Speaker 1: big draw for the progressive left. And she's certainly a 404 00:22:01,080 --> 00:22:05,520 Speaker 1: big name uh in, uh in in democratic progressive politics. 405 00:22:05,520 --> 00:22:07,480 Speaker 1: Hard to say how many votes she moved on her own, 406 00:22:07,600 --> 00:22:09,439 Speaker 1: but you know, she is someone who is going to 407 00:22:09,520 --> 00:22:13,240 Speaker 1: get get your campaign, media attention and probably probably some 408 00:22:13,280 --> 00:22:16,640 Speaker 1: campaign bucks as well. I suspect that the Congress mcquaire 409 00:22:16,800 --> 00:22:19,840 Speaker 1: having the FBI raid his campaign office and his home 410 00:22:19,880 --> 00:22:22,120 Speaker 1: did not help his outcome last night. That's right. It's 411 00:22:22,200 --> 00:22:25,080 Speaker 1: very possible he was weakened by that FBI searching his 412 00:22:25,200 --> 00:22:27,800 Speaker 1: home and his campaign office in late January, so just 413 00:22:27,920 --> 00:22:30,040 Speaker 1: weeks before the vote. It's part of a pro we 414 00:22:30,080 --> 00:22:33,080 Speaker 1: don't really know much about. But yeah, he's gonna he's 415 00:22:33,080 --> 00:22:35,720 Speaker 1: gonna have a tough time trying to win that runoff 416 00:22:37,000 --> 00:22:39,520 Speaker 1: given he just one about forty percent of the vote. 417 00:22:39,520 --> 00:22:42,200 Speaker 1: And uh if, as I mentioned, if says Narios can 418 00:22:42,200 --> 00:22:45,280 Speaker 1: coalesce that vote, if she can win the votes of 419 00:22:45,359 --> 00:22:48,679 Speaker 1: the candidate who came in third place, she has a 420 00:22:48,760 --> 00:22:52,119 Speaker 1: very good chance of throning Henry Quair. It's gonna be 421 00:22:52,119 --> 00:22:55,720 Speaker 1: a race to watch. It's already on now, the race 422 00:22:55,800 --> 00:22:58,119 Speaker 1: for attorney general. I realized this is we're getting a 423 00:22:58,160 --> 00:23:01,960 Speaker 1: little bit more local here statewide, but also extremely important 424 00:23:02,000 --> 00:23:04,119 Speaker 1: with the future of the Bush name kind of on 425 00:23:04,160 --> 00:23:08,159 Speaker 1: the line here in Texas politics. Bush, the name Bush 426 00:23:08,200 --> 00:23:10,200 Speaker 1: and Trump, they tend not to go together too well, 427 00:23:10,200 --> 00:23:13,840 Speaker 1: but George P. Bush really grabbed onto the Trump mantel 428 00:23:13,880 --> 00:23:16,280 Speaker 1: here and tried to make something of it. It also 429 00:23:16,440 --> 00:23:19,080 Speaker 1: is another race where in this case the incumbent Ken 430 00:23:19,119 --> 00:23:23,119 Speaker 1: Paxton is being investigated as well. Greg That's right. It 431 00:23:23,200 --> 00:23:26,840 Speaker 1: was a four way primary for the Republican attorney general's race. 432 00:23:26,920 --> 00:23:30,480 Speaker 1: Ken Paxton came in first, but he fell well below 433 00:23:30,720 --> 00:23:33,119 Speaker 1: the majority vote needed to avoid a runoff. He only 434 00:23:33,160 --> 00:23:36,280 Speaker 1: got about forty percent of the vote. The anti Paxton 435 00:23:36,359 --> 00:23:40,000 Speaker 1: vote was divided among three candidates, led by George P. Bush. 436 00:23:40,200 --> 00:23:43,760 Speaker 1: Good about the votes, So this does not bode well 437 00:23:43,800 --> 00:23:47,879 Speaker 1: for Ken Paxton if George P. Bush can consolidate the 438 00:23:47,920 --> 00:23:51,400 Speaker 1: anti Paxton vote in that runoff. But it's really striking 439 00:23:51,480 --> 00:23:55,520 Speaker 1: that Paxton is trying to end uh what A supporters 440 00:23:55,560 --> 00:23:58,159 Speaker 1: have called the Bush dynasty in Texas. It's clear that 441 00:23:58,520 --> 00:24:02,840 Speaker 1: Donald Trump, who's a backer of Ken Paxton and vice versa. Uh, 442 00:24:02,880 --> 00:24:05,639 Speaker 1: there's no love loss between Trump and the Bush family. 443 00:24:06,200 --> 00:24:10,280 Speaker 1: Just remembering not too long ago, how how dominant George W. 444 00:24:10,400 --> 00:24:14,400 Speaker 1: Bush was in Texas politics. It really is incredible how 445 00:24:14,440 --> 00:24:17,439 Speaker 1: politics have changed the last generations. This is jab exclamation 446 00:24:17,520 --> 00:24:20,440 Speaker 1: points son. Hey, Greg, we have less than a minute left. 447 00:24:20,440 --> 00:24:22,400 Speaker 1: We haven't talked about the race for governor. Does Bett 448 00:24:22,600 --> 00:24:26,280 Speaker 1: or does a Democrat have a chance in this political 449 00:24:26,359 --> 00:24:29,639 Speaker 1: environment to win the corner office in Texas? Not a 450 00:24:29,640 --> 00:24:32,400 Speaker 1: great chance in this political environment. But oh Rourke, of course, 451 00:24:32,440 --> 00:24:35,879 Speaker 1: the former congressman ran a very close race against Senator 452 00:24:35,920 --> 00:24:40,840 Speaker 1: Ted Cruz in eighteen two. Is a different political environment. 453 00:24:41,000 --> 00:24:44,520 Speaker 1: You've got Democrats control of of everything, and you know, 454 00:24:44,640 --> 00:24:47,840 Speaker 1: in an environment like that, um, you know, Republicans are 455 00:24:47,840 --> 00:24:50,280 Speaker 1: probably as the opposition party, are probably going to do 456 00:24:50,320 --> 00:24:52,520 Speaker 1: better than the would in ten. So you have to 457 00:24:52,600 --> 00:24:56,320 Speaker 1: rate Greg Abbott a favorite, non overwhelming one, but the 458 00:24:56,359 --> 00:24:59,399 Speaker 1: favorite nonetheless. You got it from Greg Darrow. Great talk, Greg, 459 00:24:59,440 --> 00:25:02,119 Speaker 1: Great report, Waring find his work on the terminal, Bloomberg 460 00:25:02,119 --> 00:25:06,040 Speaker 1: Government Elections Reporter, How about it? Mid terms are often running. 461 00:25:06,240 --> 00:25:08,439 Speaker 1: Looking forward to digging into this with Rick and Genie. 462 00:25:08,440 --> 00:25:15,240 Speaker 1: The panel reassembles next, This is Bloomberg. You're listening to 463 00:25:15,400 --> 00:25:19,879 Speaker 1: Bloomberg You Sound on with Joe Matthew on Bloomberg Radio. 464 00:25:22,040 --> 00:25:23,960 Speaker 1: I had to check to see how Donald Trump did 465 00:25:24,040 --> 00:25:26,440 Speaker 1: last night in Texas as well. I mean, he wasn't 466 00:25:26,440 --> 00:25:28,359 Speaker 1: on the ballot, but he was certainly involved in a 467 00:25:28,400 --> 00:25:32,400 Speaker 1: lot of races. Thanks for being with us on Bloomberg 468 00:25:32,480 --> 00:25:35,520 Speaker 1: Sound on the fastest hour in politics. I'm Joe Matthew 469 00:25:35,600 --> 00:25:39,080 Speaker 1: at World Headquarters in New York. Mr Trump's record, as 470 00:25:39,080 --> 00:25:41,679 Speaker 1: I read in the New York Times, was mixed. The 471 00:25:41,720 --> 00:25:45,760 Speaker 1: former president endorsed thirty three Texas Republicans ahead of their primaries, 472 00:25:45,800 --> 00:25:49,840 Speaker 1: virtually all of them widely expected to win before receiving 473 00:25:49,960 --> 00:25:54,400 Speaker 1: the endorsements. As of this morning, all of Mr Trump's 474 00:25:54,440 --> 00:25:57,520 Speaker 1: picks for Congress were on pace to win their nominations, 475 00:25:58,040 --> 00:26:00,800 Speaker 1: but there were others. We talked about them with Greg Darrow, 476 00:26:00,880 --> 00:26:06,040 Speaker 1: Attorney General Ken Paxton endorsed by Trump, and Don Buckingham, 477 00:26:06,160 --> 00:26:08,879 Speaker 1: donald Trump's choice for Land Commissioner. Both headed to runoffs 478 00:26:08,920 --> 00:26:12,280 Speaker 1: in May after failing to get more than of the vote. 479 00:26:14,160 --> 00:26:16,440 Speaker 1: But he kicked out a messag said big night in Texas. 480 00:26:16,520 --> 00:26:20,160 Speaker 1: Exclamation point. All candidates that were Trump endorsed to either 481 00:26:20,160 --> 00:26:22,919 Speaker 1: one their primary election or leading in the case of 482 00:26:22,920 --> 00:26:25,640 Speaker 1: a runoff. Let's reassemble the panel and get their take 483 00:26:25,680 --> 00:26:28,440 Speaker 1: on this before we move on to other things. Primary 484 00:26:28,480 --> 00:26:31,679 Speaker 1: season underway. Jennie Chanzano and Rick Davis are with us 485 00:26:31,680 --> 00:26:36,040 Speaker 1: Bloomberg Politics contributors. Progressives were going for a big win, 486 00:26:36,320 --> 00:26:38,800 Speaker 1: a long ball here, Genie. That didn't quite get as 487 00:26:38,840 --> 00:26:42,919 Speaker 1: much as they wanted. They didn't, but they did fairly well. 488 00:26:42,960 --> 00:26:45,520 Speaker 1: I mean for Texas, yes, right, And for Texas yes. 489 00:26:45,600 --> 00:26:52,560 Speaker 1: I mean you have possibly three liberal progressive Democrats who 490 00:26:52,640 --> 00:26:56,720 Speaker 1: could be generally here who could make it into the House. 491 00:26:56,840 --> 00:26:59,760 Speaker 1: So you know, that is uh, that is good for 492 00:27:00,040 --> 00:27:04,240 Speaker 1: aggressive but potentially not so good for the Democratic Party 493 00:27:04,640 --> 00:27:07,119 Speaker 1: if they need moderates. Um. You know. But I do 494 00:27:07,200 --> 00:27:09,240 Speaker 1: think it speaks to the fact that whether you're talking 495 00:27:09,280 --> 00:27:13,159 Speaker 1: about Republicans or Democrats, so many of districts across the 496 00:27:13,200 --> 00:27:16,200 Speaker 1: country are now jerrymandered that people are running to the 497 00:27:16,320 --> 00:27:19,160 Speaker 1: left and right. By one report about of the next 498 00:27:19,200 --> 00:27:21,760 Speaker 1: House is going to be occupied by the wandmakers, who 499 00:27:21,760 --> 00:27:24,160 Speaker 1: have no threat in the general election. I mean, that's 500 00:27:24,200 --> 00:27:26,919 Speaker 1: an astonishing figure if it holds up. Rick, what do 501 00:27:26,960 --> 00:27:28,879 Speaker 1: you make of the two runoffs that we were talking about, 502 00:27:28,880 --> 00:27:32,480 Speaker 1: the QR race, the Ken Paxston George p Bush race. 503 00:27:33,520 --> 00:27:36,800 Speaker 1: Do they have any cross currents here with with incumbents 504 00:27:36,840 --> 00:27:41,119 Speaker 1: being investigated by authorities. Well, certainly that doesn't help the 505 00:27:41,119 --> 00:27:44,879 Speaker 1: incumbent win their numbers. Uh And and those other shoes 506 00:27:44,920 --> 00:27:47,560 Speaker 1: are still left to drop, so that could obviously impact 507 00:27:47,600 --> 00:27:51,359 Speaker 1: the primary runoffsh You know, I think it's amazing that 508 00:27:51,440 --> 00:27:54,239 Speaker 1: there's so much discussion about these progressives. I mean, you know, 509 00:27:54,240 --> 00:27:57,200 Speaker 1: when you talk about the squad, it's half a dozen people. 510 00:27:57,480 --> 00:27:59,240 Speaker 1: I mean, if they win a couple of these, you 511 00:27:59,280 --> 00:28:02,400 Speaker 1: know Prime Mary's in uh in Texas, they could almost 512 00:28:02,440 --> 00:28:05,640 Speaker 1: double their presence in the House of representatively hands full. 513 00:28:05,840 --> 00:28:08,600 Speaker 1: They might even get it up to ten. Um. It's 514 00:28:08,600 --> 00:28:11,919 Speaker 1: it's the biggest nothing burger I've ever seen. Um, you know. 515 00:28:12,119 --> 00:28:16,160 Speaker 1: Uh And and look in contrast, Donald Trump, uh endorses 516 00:28:16,200 --> 00:28:18,400 Speaker 1: thirty some hot people and they all went to primary. 517 00:28:18,920 --> 00:28:21,000 Speaker 1: Uh and and and they are likely to be in 518 00:28:21,040 --> 00:28:24,119 Speaker 1: the majority of the House. Uh. You know, Look, I 519 00:28:24,160 --> 00:28:25,840 Speaker 1: think I think one thing to look at is how 520 00:28:25,840 --> 00:28:28,280 Speaker 1: many people voted in the primary. I mean, less than 521 00:28:28,320 --> 00:28:30,919 Speaker 1: a million people voted in the Democratic primary for for 522 00:28:31,040 --> 00:28:34,680 Speaker 1: better Aurorican the Democrats, and almost two million voted in 523 00:28:34,720 --> 00:28:37,480 Speaker 1: the Republican primary. And you could argue that that was 524 00:28:37,520 --> 00:28:40,920 Speaker 1: a more formed primary than the better one. So if 525 00:28:40,960 --> 00:28:43,160 Speaker 1: I'm Democrats, I'm wondering, like, where are we going to 526 00:28:43,240 --> 00:28:45,719 Speaker 1: get another million just to get even to what turned 527 00:28:45,720 --> 00:28:48,479 Speaker 1: out in the Republican primary. Doesn't bode well for him. 528 00:28:48,640 --> 00:28:51,840 Speaker 1: Is at the end of the Bush line in Texas politics? 529 00:28:51,920 --> 00:28:54,160 Speaker 1: Or does he have a good chance? Then well, I 530 00:28:54,160 --> 00:28:56,560 Speaker 1: think the FBI can help George p Out a lot. 531 00:28:57,480 --> 00:28:59,880 Speaker 1: And uh And look, I mean the other candidates were 532 00:29:00,080 --> 00:29:03,000 Speaker 1: anti I wouldn't say anti Trump, but they certainly weren't 533 00:29:03,040 --> 00:29:06,400 Speaker 1: like pro Trump like Paxson was. And so you combine 534 00:29:06,480 --> 00:29:08,360 Speaker 1: that that score and you can wind up with a 535 00:29:08,360 --> 00:29:10,840 Speaker 1: win there. I could I could see an upset. And 536 00:29:10,840 --> 00:29:14,520 Speaker 1: then the narrative is all the establishments back even though 537 00:29:14,640 --> 00:29:18,080 Speaker 1: George p was really cultivating the Trump vote while he 538 00:29:18,120 --> 00:29:19,680 Speaker 1: was running in the primary. I want to bring you 539 00:29:19,760 --> 00:29:22,480 Speaker 1: both back to last night, and it's for something we 540 00:29:22,520 --> 00:29:24,480 Speaker 1: haven't talked about yet, and I'll be honest with you. 541 00:29:24,520 --> 00:29:26,480 Speaker 1: I'll be honest with our listeners as we're talking about 542 00:29:26,520 --> 00:29:28,080 Speaker 1: this live on the air. I didn't want to bring 543 00:29:28,120 --> 00:29:30,680 Speaker 1: it up last night because we had bigger and more 544 00:29:30,760 --> 00:29:32,640 Speaker 1: important things to talk about. But we have to talk 545 00:29:32,640 --> 00:29:36,080 Speaker 1: about the heckling that happened in the State of the Union. Uh, 546 00:29:36,120 --> 00:29:40,240 Speaker 1: we all remember Joe Wilson. Of course, last night was 547 00:29:40,280 --> 00:29:42,760 Speaker 1: a whole different thing. This is different than you lied. Remember, 548 00:29:42,800 --> 00:29:44,520 Speaker 1: we were all wondering, Hey, what the heck it was. 549 00:29:44,640 --> 00:29:46,480 Speaker 1: It didn't come across on the mic quite in the 550 00:29:46,520 --> 00:29:49,360 Speaker 1: same way. But seeing the images this morning of Lauren Bobert, 551 00:29:50,200 --> 00:29:53,640 Speaker 1: Republican from Colorado, of course, Marjorie Taylor Green standing up, yelling, 552 00:29:53,920 --> 00:29:57,800 Speaker 1: was ferociously at the President while he's speaking. Let's go 553 00:29:57,840 --> 00:30:00,320 Speaker 1: back to when the President was talking about this portion 554 00:30:00,360 --> 00:30:03,600 Speaker 1: of the speech about our military veterans, some of whom 555 00:30:03,840 --> 00:30:06,600 Speaker 1: we're getting diseased, even referred to his own son, Bo 556 00:30:06,720 --> 00:30:09,360 Speaker 1: Biden because of these burn pits that are that are 557 00:30:09,480 --> 00:30:11,600 Speaker 1: that are putting all kinds of toxins in the air, 558 00:30:12,040 --> 00:30:16,040 Speaker 1: getting our soldiers and marines sick, and somebody starts yelling 559 00:30:16,080 --> 00:30:18,120 Speaker 1: in the middle of it. Here's Joe Biden last night, 560 00:30:18,680 --> 00:30:22,120 Speaker 1: a cancer that would put them and a flag, Drake Coffin. 561 00:30:24,080 --> 00:30:31,760 Speaker 1: I know one of those. One of those soldiers was 562 00:30:31,800 --> 00:30:37,600 Speaker 1: my son, Major bow Biden. Thirteen, she yelled, referring to 563 00:30:37,640 --> 00:30:39,800 Speaker 1: the thirteen Americans who were killed at the Abbey Gate 564 00:30:39,840 --> 00:30:43,160 Speaker 1: when the bomb went off in Afghanistan during those awful 565 00:30:43,240 --> 00:30:46,480 Speaker 1: days during the withdrawal. But it happened during a moment 566 00:30:46,480 --> 00:30:48,960 Speaker 1: in which the Commander in chief was trying to pay 567 00:30:49,040 --> 00:30:52,680 Speaker 1: tribute to our troops who are serving in harm's way. 568 00:30:53,120 --> 00:30:57,760 Speaker 1: There was booing as well from these two lawmakers. And 569 00:30:57,840 --> 00:31:00,200 Speaker 1: I just go back to what happened. It's got it's 570 00:31:00,240 --> 00:31:03,680 Speaker 1: more than a few years ago now, President Barack Obama, 571 00:31:03,800 --> 00:31:07,560 Speaker 1: the State of the Union, Joe Wilson, you lied. Here's 572 00:31:07,600 --> 00:31:10,440 Speaker 1: what it sounded like. They're also those who claim that 573 00:31:10,480 --> 00:31:15,920 Speaker 1: our reform efforts would ensure illegal emigrants. This too is false. 574 00:31:17,040 --> 00:31:21,800 Speaker 1: The reforms, the reforms I'm proposing, would not apply to 575 00:31:21,840 --> 00:31:27,200 Speaker 1: those who are here illegal. You lie. Yeah, played a 576 00:31:27,200 --> 00:31:32,040 Speaker 1: little differently that time, and of course, by this time 577 00:31:32,160 --> 00:31:35,360 Speaker 1: the next day he had apologized and this whole thing 578 00:31:35,440 --> 00:31:38,920 Speaker 1: was swirling. He was then, of course as well, censured 579 00:31:38,960 --> 00:31:41,640 Speaker 1: by the House. I wonder what Rick and Genie think 580 00:31:41,680 --> 00:31:44,760 Speaker 1: about this. Genie, it didn't disturb the speech. I don't 581 00:31:44,760 --> 00:31:46,920 Speaker 1: know if Joe Biden didn't hear that, or if he 582 00:31:47,040 --> 00:31:49,960 Speaker 1: just decided to keep plowing ahead. But should there be 583 00:31:50,040 --> 00:31:52,800 Speaker 1: some recourse for heckling in the State of the Union. 584 00:31:53,880 --> 00:31:55,960 Speaker 1: There should be at the House. And I have to say, 585 00:31:56,040 --> 00:32:00,320 Speaker 1: you look online, they were labeled Statler and waldor from 586 00:32:00,400 --> 00:32:03,280 Speaker 1: the Muppets the Hecklers, they will label dumb and dumber. 587 00:32:03,320 --> 00:32:06,280 Speaker 1: I think that fits in both cases. And Jen Saki 588 00:32:06,360 --> 00:32:08,840 Speaker 1: said it right. It speaks more to them than to 589 00:32:08,920 --> 00:32:11,880 Speaker 1: anything else, and they should be held responsible. The House 590 00:32:11,920 --> 00:32:14,840 Speaker 1: has rules, Dignity is required in the State of the Union. 591 00:32:15,120 --> 00:32:18,440 Speaker 1: You don't scream out. You're supposed to be governing, not heckling. Well, 592 00:32:18,560 --> 00:32:20,200 Speaker 1: it but also has to do with the subject matter, 593 00:32:20,280 --> 00:32:21,680 Speaker 1: doesn't it. Rick, how did that hit you when you 594 00:32:21,720 --> 00:32:26,040 Speaker 1: actually learn what happened? Yeah, it's embarrassing. I mean, first 595 00:32:26,080 --> 00:32:29,120 Speaker 1: of all, he's talking about an issue that had great 596 00:32:29,120 --> 00:32:33,400 Speaker 1: bipartisan support. There was absolutely no politics involved. In the 597 00:32:33,480 --> 00:32:37,400 Speaker 1: discussion he was having. Uh, it was incredibly disrespectful. I 598 00:32:37,400 --> 00:32:40,200 Speaker 1: agree with Janie there there needs to be decorum. Kevin 599 00:32:40,280 --> 00:32:43,160 Speaker 1: McCarthy should be called on the carpet for not admonishing 600 00:32:43,280 --> 00:32:45,720 Speaker 1: one of the members of his time for that. I 601 00:32:46,080 --> 00:32:48,080 Speaker 1: think that I think that is the case. She should 602 00:32:48,120 --> 00:32:51,760 Speaker 1: apologize and Kevin McCarthy should should should met out some 603 00:32:51,880 --> 00:32:55,120 Speaker 1: form of punishment. Is this different than Joe Wilson. No, 604 00:32:55,200 --> 00:32:57,560 Speaker 1: it's the same. But I think we're entering a period 605 00:32:57,560 --> 00:33:01,080 Speaker 1: of time where, uh, you know, if leaders in these 606 00:33:01,080 --> 00:33:04,760 Speaker 1: caucuses don't take action, then then why not just have 607 00:33:05,000 --> 00:33:07,760 Speaker 1: a free for all? Right? And yeah, and let's let's 608 00:33:07,840 --> 00:33:11,160 Speaker 1: literally show the world just how far into decay we 609 00:33:11,240 --> 00:33:14,880 Speaker 1: can we can we can throw eggs next year maybe, Genie. Um, 610 00:33:15,160 --> 00:33:17,040 Speaker 1: you know, I just don't know how you stop this, 611 00:33:17,920 --> 00:33:20,240 Speaker 1: this kind of corrosion that we It just seems to 612 00:33:20,240 --> 00:33:23,160 Speaker 1: get a little bit lower each time it does. And 613 00:33:23,200 --> 00:33:25,239 Speaker 1: you know, they should be held responsible. But to go 614 00:33:25,280 --> 00:33:27,360 Speaker 1: back to what we just talked about with Texas, when 615 00:33:27,400 --> 00:33:30,160 Speaker 1: you have nine out of ten House members potentially with 616 00:33:30,280 --> 00:33:33,680 Speaker 1: no general election challenge, people are running to the left 617 00:33:33,720 --> 00:33:36,960 Speaker 1: and the right. This is structurally what the outcome is 618 00:33:37,000 --> 00:33:40,080 Speaker 1: the incentives and pressures have changed, the need to compromise. 619 00:33:40,120 --> 00:33:42,680 Speaker 1: They're going to this right, They're going to raise money. 620 00:33:42,720 --> 00:33:45,239 Speaker 1: They're not interested in governing. They might as well go 621 00:33:45,400 --> 00:33:48,240 Speaker 1: start a YouTube channel because this is what they're doing 622 00:33:48,280 --> 00:33:51,240 Speaker 1: out there, and it's it's it's it's not appropriate for 623 00:33:51,280 --> 00:33:53,440 Speaker 1: the House, and it doesn't serve the American people or 624 00:33:53,440 --> 00:33:55,600 Speaker 1: their districts in the future and show business. I have 625 00:33:55,640 --> 00:33:57,400 Speaker 1: to be honest, Rick, I wasn't sure how you were 626 00:33:57,400 --> 00:34:01,080 Speaker 1: going to respond. Uh, And now it sounds like, you know, 627 00:34:01,160 --> 00:34:03,880 Speaker 1: this is this is natural Rick Davis here, But I remember, 628 00:34:03,960 --> 00:34:07,040 Speaker 1: for instance, some politicians being accosted on the street or 629 00:34:07,320 --> 00:34:10,319 Speaker 1: Kirsten Cinema in the bathroom that time, and you had 630 00:34:10,320 --> 00:34:12,279 Speaker 1: indicated that this is kind of you know, it's a 631 00:34:12,320 --> 00:34:14,759 Speaker 1: full contact sport, this is politics, this is what you 632 00:34:14,800 --> 00:34:18,359 Speaker 1: get in this world. How is this different than that? Yeah, Look, 633 00:34:18,400 --> 00:34:20,040 Speaker 1: I think there's a time and a place for everything. 634 00:34:20,120 --> 00:34:24,480 Speaker 1: I love protests. I think there's absolutely uh uniquely American thing. 635 00:34:24,600 --> 00:34:27,080 Speaker 1: That's why we have freedoms. But you don't you don't 636 00:34:27,080 --> 00:34:28,880 Speaker 1: do it on the floor of the House of Representatives 637 00:34:28,920 --> 00:34:31,080 Speaker 1: during the State of the Union. I mean, like, so 638 00:34:31,120 --> 00:34:33,600 Speaker 1: it's not animals, right, I mean, like, who's her mother 639 00:34:33,960 --> 00:34:35,799 Speaker 1: called her up and say what did you do to 640 00:34:35,880 --> 00:34:38,279 Speaker 1: raise this woman this way? Um? You know, I mean, 641 00:34:38,400 --> 00:34:40,640 Speaker 1: I'm sure I'll get some bad feedback on that, but like, 642 00:34:40,960 --> 00:34:44,160 Speaker 1: can we not create a few limits to what we're 643 00:34:44,200 --> 00:34:48,080 Speaker 1: gonna do. I mean, I'm all for full contact politics, 644 00:34:48,160 --> 00:34:50,120 Speaker 1: but you don't do it on the floor of the 645 00:34:50,120 --> 00:34:52,680 Speaker 1: House of Representatives during State of Union. Be in so 646 00:34:52,760 --> 00:34:55,600 Speaker 1: much trouble with my mother, Rick and Genie. Thank you March, 647 00:34:55,680 --> 00:34:58,799 Speaker 1: as we have reminded you, is Women's History Month, and 648 00:34:58,840 --> 00:35:00,680 Speaker 1: this is the moment we want to hear from Rnita Young. 649 00:35:00,680 --> 00:35:03,600 Speaker 1: We're doing this every day this month, celebrating significant moments 650 00:35:06,400 --> 00:35:10,560 Speaker 1: oh well in women's history. In nineteen o three, the 651 00:35:10,640 --> 00:35:14,120 Speaker 1: Martha Washington Hotel opens in New York City on East 652 00:35:14,120 --> 00:35:16,840 Speaker 1: twenty ninth Street, making it the first hotel in the 653 00:35:16,880 --> 00:35:20,839 Speaker 1: area exclusively for women. All the employees were women, with 654 00:35:21,000 --> 00:35:24,520 Speaker 1: chaperones and a hostess on site at all times. Men, 655 00:35:24,680 --> 00:35:27,600 Speaker 1: even doctors and priests, were only allowed on the first 656 00:35:27,600 --> 00:35:31,319 Speaker 1: floor restaurant. The opening of the Martha Washington Hotel was 657 00:35:31,400 --> 00:35:34,360 Speaker 1: the peak of more than fifty years of poor treatment 658 00:35:34,360 --> 00:35:37,680 Speaker 1: of women travelers in the United States. Prior to the 659 00:35:37,760 --> 00:35:41,080 Speaker 1: Civil War and during the nineteenth century, people looked at 660 00:35:41,120 --> 00:35:44,720 Speaker 1: female guests who traveled alone with suspicion. So the Martha 661 00:35:44,719 --> 00:35:48,560 Speaker 1: Washington Hotel marketed itself as a venue catering especially to 662 00:35:48,680 --> 00:35:52,120 Speaker 1: women traveling or visiting New York alone. That's today in 663 00:35:52,160 --> 00:35:56,439 Speaker 1: women's history. I'm Rinita Young Bloomberg Radio. All right, great 664 00:35:56,480 --> 00:35:59,879 Speaker 1: to hear from Nita. With apologies to Statler and Waldorf. 665 00:36:00,360 --> 00:36:02,680 Speaker 1: Many thanks to the panel. Rick and Jeanie. Will talk 666 00:36:02,680 --> 00:36:06,040 Speaker 1: to you again right here tomorrow. I'm Joe Matthew Bloomberg. 667 00:36:06,120 --> 00:36:08,440 Speaker 1: Sound on. This is Bloomberg.