1 00:00:01,680 --> 00:00:06,200 Speaker 1: Now from our nation's capital. This is Bloomberg's sound on 2 00:00:07,120 --> 00:00:11,400 Speaker 1: Republicans cannot both be loyal to Donald Trump and loyal 3 00:00:11,560 --> 00:00:14,720 Speaker 1: to the Constitution. The attempt was to take away your vote, 4 00:00:14,720 --> 00:00:16,880 Speaker 1: no matter who you voted for. The President says something 5 00:00:16,960 --> 00:00:19,919 Speaker 1: to the effect of, I'm the fing President. Take me 6 00:00:19,960 --> 00:00:23,680 Speaker 1: up to the capital now. Bloomberg Sound on Politics, Policy 7 00:00:23,720 --> 00:00:27,880 Speaker 1: and perspective from DC's top names. This trip will reinforce 8 00:00:27,960 --> 00:00:32,040 Speaker 1: a vital American role in a strategically consequential regions. This 9 00:00:32,200 --> 00:00:37,640 Speaker 1: diversity of this community as unique as the breakfast tacos 10 00:00:37,840 --> 00:00:42,040 Speaker 1: here in San Antonio. Bloomberg Sound On with Joe Matthew 11 00:00:42,440 --> 00:00:48,000 Speaker 1: on Bloomberg Radio. Donald Trump Unhinged. Welcome to the fastest 12 00:00:48,000 --> 00:00:51,720 Speaker 1: hour in politics. As the January six Committee attempts to 13 00:00:51,720 --> 00:00:55,440 Speaker 1: connect the dots between the White House, the conspiracy theorists, 14 00:00:55,840 --> 00:00:58,680 Speaker 1: and the militia groups who attacked the capital. We will 15 00:00:58,680 --> 00:01:01,560 Speaker 1: walk you through another here ring in which we learn 16 00:01:01,640 --> 00:01:05,200 Speaker 1: of an unhinged as described Oval Office meeting in advance 17 00:01:05,680 --> 00:01:08,319 Speaker 1: of the riot. Will discuss the legal path next with 18 00:01:08,480 --> 00:01:12,320 Speaker 1: Don Air, Deputy Attorney General, and the George H. W. 19 00:01:12,520 --> 00:01:15,760 Speaker 1: Bush administration. Later, President Biden takes off tonight for the 20 00:01:15,800 --> 00:01:19,640 Speaker 1: Middle East High Hopes for Diplomacy and Oil will be 21 00:01:19,720 --> 00:01:22,880 Speaker 1: joined by Jonathan Panakoff from the Atlantic Council to talk 22 00:01:22,920 --> 00:01:25,000 Speaker 1: about it, and our signature panel is in place to 23 00:01:25,040 --> 00:01:28,240 Speaker 1: help us on packet All analysis today from Bloomberg Politics 24 00:01:28,280 --> 00:01:31,760 Speaker 1: contributors Rick Davis and Jeanie Schanzano. So where were you 25 00:01:31,920 --> 00:01:36,040 Speaker 1: on the night of December eighteen, If you were in 26 00:01:36,080 --> 00:01:39,880 Speaker 1: the West Wing, you heard some wild stuff as told 27 00:01:39,920 --> 00:01:44,319 Speaker 1: today by the January six Committee. It's seventh hearing, and 28 00:01:44,360 --> 00:01:48,920 Speaker 1: the argument over how to pursue fraud conspiracy claims exploded, 29 00:01:49,960 --> 00:01:52,240 Speaker 1: as I read by Mike Dorning and Billy House on 30 00:01:52,280 --> 00:01:56,320 Speaker 1: the terminal into an unhinged meeting in the Oval Office. 31 00:01:56,680 --> 00:02:00,120 Speaker 1: That sounds like a movie trailer. Congress from Jamie Rasn, 32 00:02:00,120 --> 00:02:04,360 Speaker 1: Democrat on the committee, says, Sydney pal picture that Sydney Powell, 33 00:02:04,480 --> 00:02:07,600 Speaker 1: former National Security advisor, Michael Flynn, and the former CEO 34 00:02:07,720 --> 00:02:13,239 Speaker 1: of Overstock overstock dot com. That's the power trio there 35 00:02:13,280 --> 00:02:17,920 Speaker 1: to push ideas on challenging the results. Here's Jamie Raskin. 36 00:02:18,160 --> 00:02:20,400 Speaker 1: They were able to speak with the President by himself 37 00:02:20,480 --> 00:02:23,840 Speaker 1: for some time until White House officials learned of the meeting. 38 00:02:24,400 --> 00:02:29,000 Speaker 1: What ensued was a heated and profane clash between this 39 00:02:29,080 --> 00:02:33,320 Speaker 1: group and President Trump's White House advisors, who traded personal insults, 40 00:02:33,800 --> 00:02:37,760 Speaker 1: accusations of disloyalty to the president, and even challenges to 41 00:02:37,840 --> 00:02:42,280 Speaker 1: physically fight. He must have been something, White House aid 42 00:02:42,320 --> 00:02:45,720 Speaker 1: Cassidy Hutchinson, who testified in the prior hearing, I said, 43 00:02:45,760 --> 00:02:51,480 Speaker 1: this was no normal Oval Office meeting. So that was 44 00:02:51,520 --> 00:02:54,919 Speaker 1: the first point that I had recognized. Okay, there's nobody 45 00:02:54,919 --> 00:02:58,880 Speaker 1: in there from the White House. Marks gone, what's going 46 00:02:58,919 --> 00:03:03,200 Speaker 1: on right now? Nobody from the White House. We heard 47 00:03:03,200 --> 00:03:06,120 Speaker 1: from one of the administration officials who actually entered the room. 48 00:03:06,280 --> 00:03:09,840 Speaker 1: Listen to White House Council Pat Sippoloni from his recent testimony. 49 00:03:09,880 --> 00:03:12,840 Speaker 1: This is from when he just sat down last Friday. 50 00:03:12,840 --> 00:03:16,400 Speaker 1: We hear from him today. I saw General Man, I 51 00:03:16,480 --> 00:03:20,640 Speaker 1: saw Sidney Powell sitting there. I was not happy to 52 00:03:20,639 --> 00:03:25,320 Speaker 1: see the people in the overaw Well, yeah, I don't 53 00:03:25,360 --> 00:03:29,000 Speaker 1: think big in the providing Well, first of all, the 54 00:03:29,120 --> 00:03:33,760 Speaker 1: overstocked person I've never never everything to discussed was actually 55 00:03:33,800 --> 00:03:35,800 Speaker 1: the first thing I did. I walked in, I looked 56 00:03:35,800 --> 00:03:40,400 Speaker 1: at him, and I said, who were you? The overstocked CEO? 57 00:03:40,800 --> 00:03:45,360 Speaker 1: His name is Patrick Byrne, former CEO and by the way, 58 00:03:45,440 --> 00:03:47,840 Speaker 1: big Trump Guy will now reportedly meet on Friday with 59 00:03:47,880 --> 00:03:52,640 Speaker 1: the committee to discuss his involvement that day, possibly why 60 00:03:52,640 --> 00:03:55,600 Speaker 1: they delayed the prime time hearing that was set for Thursday. 61 00:03:55,920 --> 00:03:58,120 Speaker 1: That meeting took place December eighteen. As I mentioned, it 62 00:03:58,120 --> 00:04:00,360 Speaker 1: was only hours later Donald Trump sent then in from 63 00:04:00,360 --> 00:04:04,200 Speaker 1: his tweet inviting his supporters to Washington January six, saying 64 00:04:04,240 --> 00:04:07,960 Speaker 1: it would be wild now. The committee presented more testimony. 65 00:04:08,040 --> 00:04:10,160 Speaker 1: We heard from a Twitter official described an uptick and 66 00:04:10,240 --> 00:04:14,600 Speaker 1: violent postings and threats after that. While the pro Trump 67 00:04:14,720 --> 00:04:18,200 Speaker 1: site that Donald Winn posted pictures of tunnels under the Capitol. 68 00:04:18,240 --> 00:04:22,679 Speaker 1: They encouraged people to show up with handcuffs stand outside 69 00:04:22,720 --> 00:04:24,400 Speaker 1: the tunnels. The leaders of the Proud Boys and the 70 00:04:24,400 --> 00:04:28,040 Speaker 1: Oath Keepers started making big plans. But did the committee 71 00:04:28,040 --> 00:04:31,760 Speaker 1: connect the dots as we heard would happen in advance 72 00:04:31,760 --> 00:04:34,919 Speaker 1: of the hearing from Trump to those groups. How close 73 00:04:34,920 --> 00:04:37,120 Speaker 1: did they get? We take the legal view with Don Ayre, 74 00:04:37,880 --> 00:04:40,520 Speaker 1: who served as Deputy Attorney General and the George H. W. 75 00:04:40,680 --> 00:04:44,120 Speaker 1: Bush administration, former Principal Deputy Solicitor General of the United 76 00:04:44,160 --> 00:04:49,200 Speaker 1: States and now a professor at Georgetown Law School, Deputy 77 00:04:49,240 --> 00:04:50,800 Speaker 1: Attorney General, is great to have you with us year. 78 00:04:50,839 --> 00:04:52,200 Speaker 1: Do you have a sense of that did they connect 79 00:04:52,240 --> 00:04:54,040 Speaker 1: the dots to get close enough to Donald Trump to 80 00:04:54,080 --> 00:04:57,480 Speaker 1: make a difference today in the narrative? Well, I think 81 00:04:57,520 --> 00:05:00,600 Speaker 1: you have to ask the question of connect with dots 82 00:05:01,000 --> 00:05:05,400 Speaker 1: um And I think it's important to remember that what 83 00:05:05,440 --> 00:05:09,279 Speaker 1: we're most basically dealing with here and the potential charges 84 00:05:09,400 --> 00:05:14,000 Speaker 1: that people are I think most immediately focusing on are 85 00:05:14,520 --> 00:05:18,000 Speaker 1: are the ones about trying to steal the election. And 86 00:05:18,040 --> 00:05:21,159 Speaker 1: I think those dots are totally connected at this point. 87 00:05:21,600 --> 00:05:23,680 Speaker 1: I think what we have and what we had today 88 00:05:23,800 --> 00:05:28,800 Speaker 1: was more specifics and more details showing how obsessed Donald 89 00:05:28,800 --> 00:05:33,839 Speaker 1: Trump was with achieving the goal of overturning the legitimate election. 90 00:05:34,400 --> 00:05:37,360 Speaker 1: And there's lots of colorful episodes here, and the ones 91 00:05:37,400 --> 00:05:39,720 Speaker 1: you recounted in your in your lead up to this 92 00:05:40,400 --> 00:05:44,920 Speaker 1: are are really excellent and colorful and wild and crazy, 93 00:05:44,960 --> 00:05:47,000 Speaker 1: but they're part of a bigger picture. And the bigger 94 00:05:47,040 --> 00:05:49,880 Speaker 1: picture includes other stuff going on at the same time 95 00:05:50,160 --> 00:05:52,520 Speaker 1: that we've already heard about. We've heard about him making 96 00:05:52,640 --> 00:05:55,880 Speaker 1: multiple phone calls to state officials to get them to 97 00:05:56,000 --> 00:05:58,960 Speaker 1: change the vote count. We've heard of him having meetings 98 00:05:58,960 --> 00:06:02,520 Speaker 1: and phone calls, daily phone calls with Jeffrey Rosen at 99 00:06:02,560 --> 00:06:07,120 Speaker 1: the Justice Department, getting him to proclaim falsely that fraud 100 00:06:07,160 --> 00:06:10,919 Speaker 1: had been perpetrated, his efforts to influence pants, all the 101 00:06:11,000 --> 00:06:13,360 Speaker 1: things that you've heard all the evidence about. And here 102 00:06:13,400 --> 00:06:16,880 Speaker 1: today we have this stuff about the lead into the rally, 103 00:06:17,040 --> 00:06:21,480 Speaker 1: so proving the case that he worked hard personally really 104 00:06:21,520 --> 00:06:26,039 Speaker 1: was the driving force in overturning the election. I think 105 00:06:26,080 --> 00:06:29,080 Speaker 1: that case is made. Is it worth trying to prove 106 00:06:29,600 --> 00:06:32,400 Speaker 1: that a Roger Stone or Rudy Giuliani was you know, 107 00:06:32,480 --> 00:06:34,919 Speaker 1: had the Proud Boys on the phone, that that that 108 00:06:35,040 --> 00:06:38,559 Speaker 1: that violent escalation was in fact planned in Trump's orbit? 109 00:06:38,680 --> 00:06:42,000 Speaker 1: Or is that is that not a good time spent 110 00:06:42,120 --> 00:06:45,120 Speaker 1: legally as they try to build this case. Well, I 111 00:06:45,160 --> 00:06:48,400 Speaker 1: think it depends on what all the evidence ultimately shows. 112 00:06:48,720 --> 00:06:52,560 Speaker 1: And I I you know, I I agree that we 113 00:06:52,680 --> 00:06:57,640 Speaker 1: don't yet have, from what we've heard, ironclad direct evidence 114 00:06:57,720 --> 00:07:02,320 Speaker 1: between Donald Donald Trump and these people per perpetrated the fraud. 115 00:07:02,839 --> 00:07:05,039 Speaker 1: But the big picture here, and the one that really 116 00:07:05,120 --> 00:07:08,120 Speaker 1: matters to me and I think most people, is that 117 00:07:08,320 --> 00:07:12,280 Speaker 1: we have got to get accountability when the president tries 118 00:07:12,360 --> 00:07:15,440 Speaker 1: to overturn an election and steal it and stay in 119 00:07:15,560 --> 00:07:19,160 Speaker 1: office winning lost. That's what the issue is. That case 120 00:07:19,240 --> 00:07:21,880 Speaker 1: I think is in the can. I think that case 121 00:07:22,120 --> 00:07:25,120 Speaker 1: is ready to be made. And whether this other case 122 00:07:25,720 --> 00:07:29,200 Speaker 1: about perpetrating all the violence is one that you ultimately 123 00:07:29,240 --> 00:07:32,520 Speaker 1: brain against Donald Trump. I think time will tell, and 124 00:07:32,560 --> 00:07:34,640 Speaker 1: I think we have to see what all the Justice 125 00:07:34,680 --> 00:07:38,320 Speaker 1: Department has when all the evidence is in. Um, I 126 00:07:38,360 --> 00:07:40,160 Speaker 1: think you're gonna have to know a little more than 127 00:07:40,200 --> 00:07:42,080 Speaker 1: we know. Now. Yeah, I want to ask you about 128 00:07:42,080 --> 00:07:46,000 Speaker 1: witness tampering. We heard from Liz Cheney at the very 129 00:07:46,160 --> 00:07:48,640 Speaker 1: end of the hearing. Some people may have tuned out 130 00:07:48,640 --> 00:07:52,480 Speaker 1: by now, just some closing remarks, and she took direct 131 00:07:52,560 --> 00:07:55,040 Speaker 1: aim at Donald Trump. Now, we've heard that some of 132 00:07:55,040 --> 00:07:59,000 Speaker 1: the witnesses, including Cassidy Hutchinson, have received texts or calls 133 00:07:59,720 --> 00:08:01,920 Speaker 1: that sound like something out of a mob movie. Hey, 134 00:08:02,240 --> 00:08:04,000 Speaker 1: you hate for something to happen to you. If you 135 00:08:04,000 --> 00:08:05,720 Speaker 1: know you say that, we know you're going to do 136 00:08:05,760 --> 00:08:08,440 Speaker 1: the right thing. This is interesting, though, a letter from 137 00:08:08,440 --> 00:08:11,120 Speaker 1: the former president. Let's listen to Liz Cheni and we'll 138 00:08:11,160 --> 00:08:13,560 Speaker 1: get your thoughts on this. Here she is. After our 139 00:08:13,680 --> 00:08:19,000 Speaker 1: last hearing, President Trump tried to call a witness in 140 00:08:19,080 --> 00:08:23,400 Speaker 1: our investigation, a witness you have not yet seen in 141 00:08:23,440 --> 00:08:28,760 Speaker 1: these hearings. That person declined to answer or respond to 142 00:08:28,840 --> 00:08:33,839 Speaker 1: President Trump's call and instead alerted their lawyer to the call. 143 00:08:34,760 --> 00:08:39,040 Speaker 1: Their lawyer alerted us, and this committee has supplied that 144 00:08:39,120 --> 00:08:43,840 Speaker 1: information to the Department of Justice. Don here how severe 145 00:08:44,000 --> 00:08:46,199 Speaker 1: is that charge compared to the others that we're talking 146 00:08:46,200 --> 00:08:48,760 Speaker 1: about here in what is the Department of Justice up 147 00:08:48,800 --> 00:08:52,040 Speaker 1: to you right now? Well, I think I think the 148 00:08:52,160 --> 00:08:56,840 Speaker 1: idea that target of an investigation is interfering with witnesses 149 00:08:56,920 --> 00:09:00,839 Speaker 1: and it is an incredibly serious post ability. And I 150 00:09:00,880 --> 00:09:03,800 Speaker 1: wouldn't describe what she said as a charge because I 151 00:09:03,840 --> 00:09:05,839 Speaker 1: think it was, you know, it was an anecdote of 152 00:09:06,280 --> 00:09:08,640 Speaker 1: something that was reported. But I think it's a It's 153 00:09:08,640 --> 00:09:13,079 Speaker 1: a very positive sign that when these things are happening, 154 00:09:13,120 --> 00:09:16,079 Speaker 1: they're being made public and there's got not going to 155 00:09:16,160 --> 00:09:19,400 Speaker 1: be any place to hide, I think for Donald Trump 156 00:09:19,480 --> 00:09:22,400 Speaker 1: or for anyone else who does this. UM. I think 157 00:09:22,440 --> 00:09:25,360 Speaker 1: what the Justice Department is up to now is the 158 00:09:25,520 --> 00:09:29,000 Speaker 1: job that they should be doing, and that is quietly 159 00:09:29,640 --> 00:09:33,280 Speaker 1: developing the evidence in this case. They've had real help, 160 00:09:33,400 --> 00:09:36,600 Speaker 1: no question from the Select Committee and the work that 161 00:09:36,679 --> 00:09:39,960 Speaker 1: they've done. But I think they're doing their job. The 162 00:09:40,120 --> 00:09:42,640 Speaker 1: last thing they should be doing, and the last thing 163 00:09:42,720 --> 00:09:47,160 Speaker 1: that I think Merrick Garland would want to be doing 164 00:09:47,679 --> 00:09:52,160 Speaker 1: is talking publicly about where the investigation stands or pumping 165 00:09:52,240 --> 00:09:55,080 Speaker 1: his chest about how he's going to get Donald Trump. 166 00:09:55,120 --> 00:09:57,920 Speaker 1: That's totally inappropriate. And what do you want to see 167 00:09:57,920 --> 00:10:00,480 Speaker 1: in this final hearing? We had a primetime ring set 168 00:10:00,520 --> 00:10:03,520 Speaker 1: for Thursday. They postponed that they're obviously cooking up something here. 169 00:10:03,520 --> 00:10:07,320 Speaker 1: They're going to interview the former Overstocked CEO, maybe Steve 170 00:10:07,360 --> 00:10:10,920 Speaker 1: Bannon is involved. How do you how do you close this? 171 00:10:12,200 --> 00:10:14,640 Speaker 1: You know, I'm gonna be interested to see because I 172 00:10:14,920 --> 00:10:16,960 Speaker 1: don't think there's a clinker in the deck of the 173 00:10:17,040 --> 00:10:19,440 Speaker 1: seven hearings they've had so far, so I have I 174 00:10:19,480 --> 00:10:21,960 Speaker 1: have a lot of respect for the people that are 175 00:10:22,000 --> 00:10:25,120 Speaker 1: putting on the presentation here. I don't know. I think 176 00:10:25,120 --> 00:10:28,480 Speaker 1: we're going to hear more about at least part of it. 177 00:10:28,600 --> 00:10:31,080 Speaker 1: I've I've been I've heard say today is we're going 178 00:10:31,120 --> 00:10:35,160 Speaker 1: to hear more about um Donald Trump's day on on 179 00:10:35,160 --> 00:10:40,199 Speaker 1: on January six, and and what else they'll put on 180 00:10:40,240 --> 00:10:43,360 Speaker 1: I think is a function of what more evidence they've got. 181 00:10:43,440 --> 00:10:46,680 Speaker 1: I guess the thing I would just stress as the 182 00:10:46,760 --> 00:10:50,480 Speaker 1: overarching point is there's so many facts here, there's so 183 00:10:50,520 --> 00:10:54,920 Speaker 1: many specifics and so many, you know, really bad things 184 00:10:55,080 --> 00:10:59,520 Speaker 1: that Donald Trump personally has done that it's hard to 185 00:10:59,640 --> 00:11:01,800 Speaker 1: keep the all in mind and see them in the 186 00:11:01,880 --> 00:11:04,840 Speaker 1: context of each other. And that's really what we have 187 00:11:05,000 --> 00:11:07,640 Speaker 1: to do, because it's a big picture. He was the 188 00:11:07,679 --> 00:11:11,400 Speaker 1: man running the train on all of these different aspects 189 00:11:11,400 --> 00:11:15,240 Speaker 1: of this conspiracy. That's the amazing realization from his hearing. 190 00:11:15,679 --> 00:11:17,560 Speaker 1: Don Air, thank you so much for the time to 191 00:11:17,559 --> 00:11:19,880 Speaker 1: get us rolling here on Bloomberg Sound On. We would 192 00:11:19,920 --> 00:11:22,920 Speaker 1: love to stay in touch with you as these hearings roll. 193 00:11:23,000 --> 00:11:24,720 Speaker 1: We've got one more. It's gonna be prime time and 194 00:11:24,760 --> 00:11:27,360 Speaker 1: we'll let you know once it's scheduled and we'll assemble 195 00:11:27,360 --> 00:11:29,920 Speaker 1: our panel next for a lot more on this with 196 00:11:30,000 --> 00:11:32,800 Speaker 1: breaking news again on the terminal here, and it has 197 00:11:32,840 --> 00:11:36,319 Speaker 1: to do with Twitter, with the Twitter General counsel now 198 00:11:36,320 --> 00:11:39,400 Speaker 1: discussing a lawsuit in a memo against Elon Musk, telling 199 00:11:39,480 --> 00:11:42,800 Speaker 1: staff that it asked for an expedited trial and asking 200 00:11:42,800 --> 00:11:44,960 Speaker 1: a judge in Delaware for the case to be heard 201 00:11:45,000 --> 00:11:47,320 Speaker 1: in September. Charlie Pellett will have more on that coming 202 00:11:47,400 --> 00:11:49,680 Speaker 1: up in just a few minutes. We're gonna keep the 203 00:11:49,679 --> 00:11:52,000 Speaker 1: beat on the January six hearing, though, and what we 204 00:11:52,120 --> 00:11:54,800 Speaker 1: learned today what will matter to the d o J. 205 00:11:55,120 --> 00:12:03,360 Speaker 1: With Rick Davis and Jennie Chanzano. This is Bloomberg. This 206 00:12:03,840 --> 00:12:09,480 Speaker 1: is Bloomberg Sound on on Bloomberg Radio. The January six 207 00:12:09,559 --> 00:12:13,760 Speaker 1: Committee refers a story of witness tampering, at least a 208 00:12:13,880 --> 00:12:19,600 Speaker 1: suggestion by Congresswoman Liz Cheney from Donald Trump himself recently 209 00:12:19,640 --> 00:12:23,439 Speaker 1: attempted to contacts. He says, an unnamed witness in the 210 00:12:23,480 --> 00:12:28,280 Speaker 1: committee's investigation of the riot didn't get back to Donald Trump, 211 00:12:28,360 --> 00:12:30,280 Speaker 1: sent it to the committee, who referred it to the 212 00:12:30,320 --> 00:12:34,440 Speaker 1: d o J. One of the things that we learned 213 00:12:34,480 --> 00:12:38,160 Speaker 1: today in the hearing, did we have something on that? 214 00:12:38,360 --> 00:12:40,520 Speaker 1: If I missed that, forgive me. One of the live 215 00:12:40,559 --> 00:12:44,920 Speaker 1: witnesses today, though, was a man named Jason Van Taytenhoff, 216 00:12:45,080 --> 00:12:48,000 Speaker 1: described as the former spokesman for the oath Keepers, Right, 217 00:12:48,080 --> 00:12:50,600 Speaker 1: this was the hearing that was going to connect the 218 00:12:50,640 --> 00:12:54,719 Speaker 1: dots to the militias. By the way, former spokesman for 219 00:12:54,760 --> 00:12:56,520 Speaker 1: the how does that work? To the oath keepers? Run 220 00:12:56,559 --> 00:12:59,720 Speaker 1: an ad for a spokesman, he was getting paid. He 221 00:12:59,760 --> 00:13:03,040 Speaker 1: talked about how you know, his life, he had to 222 00:13:03,080 --> 00:13:06,240 Speaker 1: give up his job and lost his income. Anyway, he 223 00:13:06,240 --> 00:13:09,760 Speaker 1: shows up in the congressional hearing with a faced tattoo, 224 00:13:10,160 --> 00:13:14,120 Speaker 1: wearing a denim jacket and had some pretty scary stuff 225 00:13:14,160 --> 00:13:17,000 Speaker 1: to say as he tried to make the point that 226 00:13:17,080 --> 00:13:21,319 Speaker 1: this was real what you saw there on January six, 227 00:13:22,440 --> 00:13:26,920 Speaker 1: that this group, the Oath Keepers, the dangerous militia as 228 00:13:26,960 --> 00:13:30,760 Speaker 1: he described at that attracted white nationalists and quote straight 229 00:13:30,840 --> 00:13:34,640 Speaker 1: up racists unquote. He said they were there to participate 230 00:13:35,480 --> 00:13:40,040 Speaker 1: in a riot. Listen to Jason van Tatenhom. There was 231 00:13:40,080 --> 00:13:43,200 Speaker 1: a gallows set up in front of the capitol. This 232 00:13:43,360 --> 00:13:46,080 Speaker 1: could have been the spark that started a new civil 233 00:13:46,080 --> 00:13:50,280 Speaker 1: war and no one would have won there. That would 234 00:13:50,320 --> 00:13:53,600 Speaker 1: have been good for no one. As we assemble our 235 00:13:53,679 --> 00:13:57,079 Speaker 1: panel today, forgive that delay. Rick Davis and Jeanie Schanzano, 236 00:13:57,640 --> 00:14:00,280 Speaker 1: we thank you for being with us as always here Nie, 237 00:14:00,280 --> 00:14:02,040 Speaker 1: what did we learn that was new that moved you? 238 00:14:02,160 --> 00:14:04,960 Speaker 1: Was it witness tampering or was it, in fact the 239 00:14:05,000 --> 00:14:07,480 Speaker 1: conversion as Jamie Raskin has called it, trying to get 240 00:14:07,520 --> 00:14:10,720 Speaker 1: these groups to show up and cause trouble. Well, you 241 00:14:10,720 --> 00:14:13,120 Speaker 1: know the the clip you were just talking about. I 242 00:14:13,160 --> 00:14:15,640 Speaker 1: thought one of the most chilling aspects of the day. 243 00:14:15,640 --> 00:14:17,320 Speaker 1: And I have I have a list of them, Joe, 244 00:14:17,320 --> 00:14:18,640 Speaker 1: but I won't go through all them. But one of 245 00:14:18,679 --> 00:14:22,840 Speaker 1: the most chilling was both Jason vand Um Tattenhoff is 246 00:14:22,840 --> 00:14:25,640 Speaker 1: that how you say his name? And taitten Hoff and 247 00:14:25,640 --> 00:14:29,920 Speaker 1: and Steven Ayres who testified live today, They both of 248 00:14:29,960 --> 00:14:33,400 Speaker 1: their own accord, warned about what can happen in the 249 00:14:33,440 --> 00:14:37,640 Speaker 1: next election, and I thought that was incredibly chilling. They said, 250 00:14:37,720 --> 00:14:41,240 Speaker 1: and essentially, this is not over. There is a reason 251 00:14:41,320 --> 00:14:43,520 Speaker 1: that we are here and that we need to address 252 00:14:43,560 --> 00:14:45,800 Speaker 1: this publicly because this thing is not over. I thought 253 00:14:45,880 --> 00:14:48,760 Speaker 1: that was chilling. I thought Liz Cheney's bombshell at the 254 00:14:48,760 --> 00:14:52,080 Speaker 1: beginning or at the end, sorry about witness tampering. And 255 00:14:52,120 --> 00:14:54,560 Speaker 1: also at the beginning when she told I think the 256 00:14:54,560 --> 00:14:57,400 Speaker 1: Department of Justice, but anybody who would listen that Trump 257 00:14:57,520 --> 00:14:59,400 Speaker 1: is a seventy six year old man, he's not an 258 00:14:59,400 --> 00:15:02,640 Speaker 1: impression of child, and he is responsible for his actions. 259 00:15:02,640 --> 00:15:04,960 Speaker 1: Those are the three things that really caught my attention. 260 00:15:05,120 --> 00:15:07,120 Speaker 1: What did the d o J care about that they 261 00:15:07,160 --> 00:15:09,800 Speaker 1: heard today? Rick? You know, I think they heard that 262 00:15:10,640 --> 00:15:14,520 Speaker 1: about intent. Just as Jeanie was saying, Steven Airs made 263 00:15:14,520 --> 00:15:16,920 Speaker 1: it very clear that they're intent. They hung on every 264 00:15:16,920 --> 00:15:19,760 Speaker 1: word of Donald Trump, and he was telling them to 265 00:15:19,840 --> 00:15:23,480 Speaker 1: go wreck violence on January six, Whether it was in 266 00:15:23,520 --> 00:15:26,680 Speaker 1: the original call to you know, his supporters at one 267 00:15:26,760 --> 00:15:29,520 Speaker 1: forty two a m. Who tweets at one forty two 268 00:15:29,560 --> 00:15:33,040 Speaker 1: a m. After this wild White House meeting, I mean, 269 00:15:34,120 --> 00:15:36,240 Speaker 1: and uh and and and all the way through the 270 00:15:36,280 --> 00:15:38,840 Speaker 1: process to the point where they stormed the Capitol, they 271 00:15:38,840 --> 00:15:41,240 Speaker 1: were acting on his orders. At least we're talking about 272 00:15:41,240 --> 00:15:44,120 Speaker 1: guys reading Twitter or guys who were getting phone calls 273 00:15:44,120 --> 00:15:46,160 Speaker 1: from people in Trump's orbit. Well, I think I think 274 00:15:46,160 --> 00:15:48,480 Speaker 1: it's all of the above, because what we're finding out 275 00:15:48,680 --> 00:15:52,680 Speaker 1: is that once Trump sort of announced the event, it's 276 00:15:52,680 --> 00:15:56,240 Speaker 1: set into motion all his lieutenants and all his operatives 277 00:15:56,280 --> 00:15:59,760 Speaker 1: in the States, even some of the campaign actually you know, 278 00:16:00,000 --> 00:16:03,920 Speaker 1: recruiting and turning people out to the degree that the 279 00:16:03,960 --> 00:16:07,680 Speaker 1: oath keepers actually you know, held organizing conference calls and 280 00:16:07,800 --> 00:16:10,920 Speaker 1: zooms in advance of the event, tell him people to 281 00:16:11,000 --> 00:16:15,560 Speaker 1: bring you know, violent equipment with them. So he owes 282 00:16:15,560 --> 00:16:18,280 Speaker 1: a responsibility to American public for having put those things 283 00:16:18,320 --> 00:16:21,520 Speaker 1: in emotion and and all along the way, including on 284 00:16:21,560 --> 00:16:24,520 Speaker 1: the steps of the Capitol, inciting them to violence. And 285 00:16:24,560 --> 00:16:26,360 Speaker 1: so I think the justice parts look at that going 286 00:16:27,120 --> 00:16:30,440 Speaker 1: is you know exactly what don Air was saying, Um, 287 00:16:30,480 --> 00:16:33,200 Speaker 1: you know, uh, she was there there, probably causing him 288 00:16:33,240 --> 00:16:38,640 Speaker 1: trying to overturn the election. Sure, uh and uh and 289 00:16:38,640 --> 00:16:40,680 Speaker 1: and and this is just one of the chapters in 290 00:16:40,680 --> 00:16:43,560 Speaker 1: that book. Dohn Air told us Genie that they've they've 291 00:16:43,600 --> 00:16:47,000 Speaker 1: made the case uh for trying to overturn the election, 292 00:16:47,040 --> 00:16:51,200 Speaker 1: that the tampering uh with election results is as good 293 00:16:51,240 --> 00:16:54,120 Speaker 1: as done. Uh. With that said, what do we need 294 00:16:54,160 --> 00:16:57,480 Speaker 1: to hear or see in the final hearing that wraps 295 00:16:57,520 --> 00:17:00,000 Speaker 1: this up in an effective way? And should they were 296 00:17:00,080 --> 00:17:02,880 Speaker 1: furthest to the d o J. Yes, yes, And and 297 00:17:02,960 --> 00:17:04,879 Speaker 1: you know, I think what we're going to hear is 298 00:17:04,920 --> 00:17:09,000 Speaker 1: what the chairman described as a supreme dereliction of duty 299 00:17:09,040 --> 00:17:11,880 Speaker 1: and what exactly what Donald Trump was doing on January six. 300 00:17:11,920 --> 00:17:14,480 Speaker 1: Then I was very happy to hear a lawyer and 301 00:17:14,560 --> 00:17:17,360 Speaker 1: don Air talk about the fact that they have established 302 00:17:17,440 --> 00:17:20,639 Speaker 1: a legal culpability at least enough to refer it to 303 00:17:20,640 --> 00:17:23,159 Speaker 1: the d o J. The question here, since I'm not 304 00:17:23,200 --> 00:17:26,119 Speaker 1: a lawyer, is what has to happen next, and that 305 00:17:26,320 --> 00:17:28,960 Speaker 1: is that Merrick Garland's got to be as convinced as 306 00:17:29,000 --> 00:17:32,600 Speaker 1: Liz Cheney is about the historical fact that if they, 307 00:17:32,680 --> 00:17:35,080 Speaker 1: if Donald Trump and the people accountable for this are 308 00:17:35,080 --> 00:17:38,080 Speaker 1: not held accountable, what history teaches us is it will 309 00:17:38,119 --> 00:17:40,600 Speaker 1: repeat itself. And I go back to what those the 310 00:17:41,359 --> 00:17:44,240 Speaker 1: witnesses were saying today. You know, you look at somebody 311 00:17:44,240 --> 00:17:48,200 Speaker 1: like like Timothy Snyder's on tyranny, This happens again if 312 00:17:48,200 --> 00:17:50,399 Speaker 1: it's not addressed. And that's I think the big message 313 00:17:50,400 --> 00:17:53,040 Speaker 1: out of today. Well, there you go, number seven from 314 00:17:53,040 --> 00:17:56,200 Speaker 1: the January six Committee. Rick and Genie are with us 315 00:17:56,480 --> 00:17:59,360 Speaker 1: on the Tuesday edition of Bloomberg Sound on the Fastest 316 00:17:59,400 --> 00:18:02,920 Speaker 1: Hour in Politics. President Biden gets on air Force one 317 00:18:02,960 --> 00:18:05,480 Speaker 1: hours from now on his way to the Middle East. 318 00:18:05,720 --> 00:18:09,639 Speaker 1: We'll talk about it next with high hopes here in 319 00:18:09,720 --> 00:18:14,760 Speaker 1: Washington and at the gas station. This is Bloomberg. The 320 00:18:14,800 --> 00:18:18,920 Speaker 1: President's National Security advisor, Jake Sullivan brief reporters ahead of 321 00:18:19,000 --> 00:18:21,240 Speaker 1: Joe Biden's trip to the Middle East. He takes off 322 00:18:21,280 --> 00:18:24,800 Speaker 1: tonight on the way to Israel and then Saudi Arabia, 323 00:18:24,840 --> 00:18:28,560 Speaker 1: but he started with news on Iran, not directly tied 324 00:18:28,600 --> 00:18:32,080 Speaker 1: to the President's trip, but certainly informing it and maybe 325 00:18:32,080 --> 00:18:35,879 Speaker 1: providing the backdrop for it. As Sullivan has news that 326 00:18:36,040 --> 00:18:41,040 Speaker 1: the Iranian government is providing Russia, I'll let him say it, 327 00:18:41,080 --> 00:18:45,680 Speaker 1: with hundreds of drones for use in Ukraine. Here's Jake Sullivan. 328 00:18:45,800 --> 00:18:49,239 Speaker 1: The Iranian government is preparing to provide Russia with up 329 00:18:49,280 --> 00:18:52,600 Speaker 1: to several hundred U A V s, including weapons capable 330 00:18:52,680 --> 00:18:56,200 Speaker 1: U a V s on an expedit expedited timeline are in. 331 00:18:56,200 --> 00:18:59,960 Speaker 1: Information further indicates that Iran is preparing to train rush 332 00:19:00,040 --> 00:19:02,520 Speaker 1: and forces to use these U A B s, with 333 00:19:02,600 --> 00:19:06,560 Speaker 1: initial training sessions slated to begin as soon as early July. 334 00:19:07,280 --> 00:19:09,800 Speaker 1: It's unclear whether Ron has delivered any of these U 335 00:19:09,840 --> 00:19:12,960 Speaker 1: A B s too Russia already early July. So here 336 00:19:12,960 --> 00:19:18,320 Speaker 1: we are, so now with more questions about the purpose 337 00:19:18,400 --> 00:19:20,600 Speaker 1: of this trip. Is it just to get more oil? 338 00:19:20,720 --> 00:19:23,320 Speaker 1: Because we keep hearing Saudi Arabia, the U A E 339 00:19:23,440 --> 00:19:27,080 Speaker 1: the only two nations that have spirit capacity three million 340 00:19:27,119 --> 00:19:30,879 Speaker 1: barrels a day combined. Let's see he gets all of 341 00:19:30,920 --> 00:19:34,359 Speaker 1: that oil and brings it home to the United States 342 00:19:34,400 --> 00:19:39,440 Speaker 1: with refining capacity already spoken for, Does it actually make 343 00:19:39,480 --> 00:19:43,200 Speaker 1: a difference? Maybe not according to some people, but as 344 00:19:43,200 --> 00:19:45,320 Speaker 1: we heard or read and the President's op ed over 345 00:19:45,320 --> 00:19:49,560 Speaker 1: the weekend, at least the White House says there are 346 00:19:49,640 --> 00:19:53,440 Speaker 1: much bigger plans within the eye on the Abraham Accords 347 00:19:53,520 --> 00:19:58,480 Speaker 1: and potentially normalizing relations between Israel and Saudi Arabia had 348 00:19:58,520 --> 00:20:02,879 Speaker 1: an awfully precarious time in our history. That's where we 349 00:20:02,920 --> 00:20:06,320 Speaker 1: begin with Jonathan Pannakoff, director of the Atlantic Council's Brent 350 00:20:06,400 --> 00:20:11,520 Speaker 1: Skullcroft Middle East Security Initiative, Former Deputy National Intelligence Officer 351 00:20:12,000 --> 00:20:15,480 Speaker 1: for the Near East. Jonathan, how ambitious is Joe Biden 352 00:20:15,560 --> 00:20:19,560 Speaker 1: feeling as he gets on Air Force one, Well, good 353 00:20:19,560 --> 00:20:21,760 Speaker 1: afternoon to you, and thanks so much for having the 354 00:20:22,640 --> 00:20:25,879 Speaker 1: I think he's not feeling that ambitious. To be honest, 355 00:20:25,920 --> 00:20:27,919 Speaker 1: I think there are places that he knows that he 356 00:20:27,960 --> 00:20:35,280 Speaker 1: can advance, both Israeli, Saudi and others um engagement. UM. 357 00:20:35,320 --> 00:20:37,639 Speaker 1: I think more than anything, this trip is really about 358 00:20:37,680 --> 00:20:41,480 Speaker 1: resetting relations with Saudi Arabia and with some of his 359 00:20:41,560 --> 00:20:45,439 Speaker 1: other golf allies, including the United to Emirates. But when 360 00:20:45,520 --> 00:20:48,400 Speaker 1: it comes to the oil itself, as you said, three 361 00:20:48,440 --> 00:20:50,720 Speaker 1: million barrels, I've heard the number might be as little 362 00:20:50,760 --> 00:20:54,520 Speaker 1: as two million barrels. The fair capacity just isn't really there, 363 00:20:54,680 --> 00:20:57,440 Speaker 1: and the odds that it's going to have a meaningful effect, 364 00:20:58,000 --> 00:21:01,600 Speaker 1: I think on oil prices are is pretty minimal. I 365 00:21:01,640 --> 00:21:04,320 Speaker 1: think what he's really hoping more than anything, is that 366 00:21:04,359 --> 00:21:07,720 Speaker 1: if he can stabilize the relationship now that he can 367 00:21:07,760 --> 00:21:12,399 Speaker 1: move it beyond just the traditional energy and defense sectors 368 00:21:12,760 --> 00:21:18,359 Speaker 1: and really expanded to economic issues, to climate issues, UM 369 00:21:18,400 --> 00:21:23,600 Speaker 1: two other alternative energies, and as well of course as security. 370 00:21:23,640 --> 00:21:25,320 Speaker 1: What is he's going to the West Bank as well? 371 00:21:25,320 --> 00:21:27,920 Speaker 1: What does this mean for the potential you know, to 372 00:21:28,119 --> 00:21:30,720 Speaker 1: state solution as he becomes the first president to fly 373 00:21:31,480 --> 00:21:36,440 Speaker 1: from Israel to Jetta on Friday. Yeah, so I don't 374 00:21:36,480 --> 00:21:40,120 Speaker 1: think that the saudiast in israelis are ready to normalize yet. 375 00:21:40,320 --> 00:21:43,240 Speaker 1: My senses that as long as King Solomon is on 376 00:21:43,280 --> 00:21:46,520 Speaker 1: the throne, it would be unlikely that Saudi Arabia would 377 00:21:46,520 --> 00:21:50,680 Speaker 1: normalize relations with Israel formally unless there was a too 378 00:21:50,760 --> 00:21:55,000 Speaker 1: state solution UM MBS sives the throne then obviously that 379 00:21:55,080 --> 00:21:57,560 Speaker 1: might change the conversation. He seems to have a slightly 380 00:21:57,680 --> 00:22:03,240 Speaker 1: word uh progressive take on whether or not normalization UM 381 00:22:03,440 --> 00:22:06,720 Speaker 1: requires a two state solution. I think for the West 382 00:22:06,760 --> 00:22:09,520 Speaker 1: Bank to be honest, and for the Palestinians, what it 383 00:22:09,600 --> 00:22:12,439 Speaker 1: really is is a chance to get back in the 384 00:22:12,480 --> 00:22:15,680 Speaker 1: game a little bit. Obviously, they cut diplomatic relations after 385 00:22:15,720 --> 00:22:21,560 Speaker 1: the Trump administration move the embassy to Jerusalem. Reason. Yeah, 386 00:22:21,600 --> 00:22:23,280 Speaker 1: that's absolutely right, and so I think this is an 387 00:22:23,320 --> 00:22:26,399 Speaker 1: opportunity to try to hopefully reset things a little bit. 388 00:22:26,400 --> 00:22:28,000 Speaker 1: I don't know, Jonathan, I've been hearing a lot of 389 00:22:28,000 --> 00:22:31,840 Speaker 1: big talk. I mean, expectations get awfully high, especially when 390 00:22:31,880 --> 00:22:36,040 Speaker 1: people start tying it to very specific things like gas prices. 391 00:22:36,080 --> 00:22:39,560 Speaker 1: The president's being beat up by Republicans for going so 392 00:22:39,680 --> 00:22:43,040 Speaker 1: called hat in hand two mbs to beg for oil, 393 00:22:43,160 --> 00:22:46,919 Speaker 1: is getting beat up by progressives for well, you know, 394 00:22:47,000 --> 00:22:49,640 Speaker 1: not considering I guess to the extent that they think 395 00:22:49,720 --> 00:22:53,400 Speaker 1: he should, the human rights record, the kah Kashogi murder, 396 00:22:53,440 --> 00:22:57,560 Speaker 1: which he says he will bring up. Here are expectations 397 00:22:57,560 --> 00:22:59,679 Speaker 1: perilously high, as he's set up for failure because it 398 00:22:59,680 --> 00:23:03,880 Speaker 1: doesn't sound like you see many deliverables. Well, I think 399 00:23:03,880 --> 00:23:06,560 Speaker 1: that there's a few, but I certainly agree that if 400 00:23:06,600 --> 00:23:09,159 Speaker 1: the expectation in the public sentiment seems to be that 401 00:23:09,280 --> 00:23:11,600 Speaker 1: this will bring down oil prices, then there's going to 402 00:23:11,680 --> 00:23:15,359 Speaker 1: be disappointment. I think that there are places that can 403 00:23:15,400 --> 00:23:19,639 Speaker 1: be advanced. So, for instance, in addition to UM the 404 00:23:19,640 --> 00:23:22,000 Speaker 1: BI ladder exchange with the Israelis, don't be an eye 405 00:23:22,000 --> 00:23:26,480 Speaker 1: to YouTube virtual conference, eye to being Israel and India 406 00:23:26,600 --> 00:23:29,160 Speaker 1: YouTube in the United States and the United are of Emirates, 407 00:23:29,200 --> 00:23:32,159 Speaker 1: which creates a bit of a new coalition that we 408 00:23:32,240 --> 00:23:35,160 Speaker 1: haven't seen before that really could have a long term 409 00:23:35,240 --> 00:23:39,879 Speaker 1: impact when we think about Israeli technology, Emirati UH capital 410 00:23:40,359 --> 00:23:43,800 Speaker 1: and the industrial base that the Indians have. So I 411 00:23:43,840 --> 00:23:47,480 Speaker 1: think that's a possibility. I also think on the security side, look, 412 00:23:47,880 --> 00:23:50,720 Speaker 1: the move of Israel into the sent calm area of 413 00:23:50,760 --> 00:23:53,960 Speaker 1: responsibility from the ucom one is not a small move. 414 00:23:54,080 --> 00:23:57,400 Speaker 1: It brings the Israelis into the same room as the Saudis, 415 00:23:57,520 --> 00:24:01,199 Speaker 1: as the Cutteries, even though they don't have formal diplomatic relations. 416 00:24:01,640 --> 00:24:04,760 Speaker 1: I think this is about making marginal progress, but you know, 417 00:24:04,880 --> 00:24:08,680 Speaker 1: a huge deliverable. I mentioned at the outset this news 418 00:24:08,800 --> 00:24:13,080 Speaker 1: of Iran supplying drones to Russia. UH, that's going to 419 00:24:13,200 --> 00:24:15,280 Speaker 1: be in the air and part of the conversation. I 420 00:24:15,359 --> 00:24:20,760 Speaker 1: presume as as lines are being drawn, Jonathan, this Iranian 421 00:24:21,080 --> 00:24:25,520 Speaker 1: Russian axis is becoming a bigger worry for Saudi Arabia 422 00:24:26,000 --> 00:24:28,680 Speaker 1: it is. I think it shows the shifting alliances and 423 00:24:28,720 --> 00:24:32,239 Speaker 1: frankly transactional nature of most Middle East states, and that 424 00:24:32,280 --> 00:24:36,040 Speaker 1: includes Iran. I think at this point it's obviously going 425 00:24:36,080 --> 00:24:40,080 Speaker 1: to overhang a number of different conversations, both in Israel 426 00:24:40,320 --> 00:24:44,000 Speaker 1: and the president's conversations with the so called GCC plus 427 00:24:44,080 --> 00:24:47,160 Speaker 1: three UH in Jedda. At the end of the week, 428 00:24:47,920 --> 00:24:51,359 Speaker 1: my senses there will be a recommitment to Israeli defense 429 00:24:51,400 --> 00:24:54,040 Speaker 1: and Israeli security. I think you'll also see the same 430 00:24:54,119 --> 00:24:59,119 Speaker 1: commitment to the Arab states. What that actually means purposefully, 431 00:24:59,160 --> 00:25:02,280 Speaker 1: I don't quite no. I think there's some discussion about 432 00:25:02,600 --> 00:25:07,440 Speaker 1: integrated air and maybe maritime defense system. That certainly would 433 00:25:07,480 --> 00:25:09,159 Speaker 1: be a great starting place, but it will take some 434 00:25:09,280 --> 00:25:12,520 Speaker 1: time to develop. Jonathan, thank you for the insights. Jonathan 435 00:25:12,520 --> 00:25:15,320 Speaker 1: pannakoff the Atlantic Council with us on Bloomberg sound On, 436 00:25:15,520 --> 00:25:18,040 Speaker 1: What does it mean for the Iran nuclear deal? And 437 00:25:18,160 --> 00:25:23,160 Speaker 1: is the President set up for failure by his own expectations? 438 00:25:23,160 --> 00:25:26,320 Speaker 1: Will reassemble the panel next, Rick and Genie here on 439 00:25:26,440 --> 00:25:34,680 Speaker 1: sound On. I'm Joe Matthew, this is Bloomberg. This is 440 00:25:34,720 --> 00:25:40,800 Speaker 1: Bloomberg sound On on Bloomberg Radio, President Biden dragging some 441 00:25:40,880 --> 00:25:43,840 Speaker 1: heavy baggage with him across the Atlantic on the trip 442 00:25:43,880 --> 00:25:46,600 Speaker 1: to Israel and Saudi Arabia. They take off tonight, but 443 00:25:47,320 --> 00:25:52,040 Speaker 1: our expectations too high to succeed. Let's reassemble the panel 444 00:25:52,080 --> 00:25:54,320 Speaker 1: with a lot still to cover on the Fastest Hour 445 00:25:54,440 --> 00:25:57,520 Speaker 1: in politics. Rick Davis and Jeanie Chanzano or here Bloomberg 446 00:25:57,840 --> 00:26:01,080 Speaker 1: Politics contributors. What's your on this, Rick, we talked a 447 00:26:01,080 --> 00:26:05,840 Speaker 1: bit yesterday about the broader diplomatic goals versus simply securing 448 00:26:05,920 --> 00:26:09,680 Speaker 1: more oil. But based on our conversation that we just had, 449 00:26:09,880 --> 00:26:13,400 Speaker 1: it's interesting to consider a president who could come back 450 00:26:13,440 --> 00:26:16,560 Speaker 1: with another story of incremental progress, like a lot of 451 00:26:16,600 --> 00:26:20,000 Speaker 1: things domestically. Yeah, that's right, and um and I think 452 00:26:20,000 --> 00:26:22,719 Speaker 1: that Vladimir Putin did him a little favor by, you know, 453 00:26:22,840 --> 00:26:25,280 Speaker 1: arranging the week after Biden's in the region to go 454 00:26:25,359 --> 00:26:32,440 Speaker 1: to Tehran for meetings there with the Mulla's who help Ran. 455 00:26:32,800 --> 00:26:35,760 Speaker 1: I think it points out that it's a competition, right 456 00:26:35,760 --> 00:26:37,760 Speaker 1: If the US pulls out of the Middle East, China 457 00:26:37,800 --> 00:26:40,520 Speaker 1: and Russia move in, and that's a big spot to fill. 458 00:26:41,040 --> 00:26:43,800 Speaker 1: And so I think that Biden making it more of 459 00:26:43,800 --> 00:26:45,359 Speaker 1: a priority than he thought it was going to have 460 00:26:45,440 --> 00:26:48,000 Speaker 1: to be in his administration. Last thing he wanted to 461 00:26:48,000 --> 00:26:51,080 Speaker 1: do was focus on the Middle East. UM, but he 462 00:26:51,119 --> 00:26:55,000 Speaker 1: realizes now, I think that that that the US cannot 463 00:26:55,080 --> 00:26:59,680 Speaker 1: abdicate its role UH in both security, defense and economics. 464 00:27:00,240 --> 00:27:03,600 Speaker 1: And economics is code for oil in the region, and 465 00:27:03,680 --> 00:27:05,600 Speaker 1: so he's going to have to devote his time and 466 00:27:05,640 --> 00:27:07,880 Speaker 1: attention to it. And I think he's got a good, 467 00:27:08,000 --> 00:27:11,439 Speaker 1: good trip plan for that. And uh and and and 468 00:27:11,440 --> 00:27:13,959 Speaker 1: and a reminder is, if we're not there, you know, 469 00:27:14,040 --> 00:27:16,679 Speaker 1: Vladimir Putin and she will move right in behind us. 470 00:27:17,480 --> 00:27:19,760 Speaker 1: It's got a lot to deal with here, and only 471 00:27:19,840 --> 00:27:23,080 Speaker 1: two days, Genie, it seems like this has been built 472 00:27:23,160 --> 00:27:27,760 Speaker 1: up despite his attempts to tamper expectations and into something 473 00:27:27,800 --> 00:27:29,760 Speaker 1: more than it should be here. If we're just going 474 00:27:29,800 --> 00:27:32,520 Speaker 1: over there to hit the reset button. UH, people are 475 00:27:32,560 --> 00:27:35,840 Speaker 1: are ready for for lower gas prices on Monday. Yeah. 476 00:27:36,200 --> 00:27:37,919 Speaker 1: And as Jonathan just said to you, it's not going 477 00:27:37,960 --> 00:27:40,720 Speaker 1: to likely have a meaningful effect on on oil prices. 478 00:27:40,800 --> 00:27:43,680 Speaker 1: I don't suspect it's going to have a meaningful impact 479 00:27:43,720 --> 00:27:46,720 Speaker 1: on the human rights record that America. Those are the 480 00:27:46,720 --> 00:27:49,919 Speaker 1: two big things Americas are concerned about. And you know 481 00:27:50,040 --> 00:27:52,359 Speaker 1: what I do think we are starting to see and 482 00:27:52,400 --> 00:27:54,840 Speaker 1: what you hear from some of the foreign policy experts, 483 00:27:55,280 --> 00:27:59,360 Speaker 1: is that whereas again Joe Biden ran promising to change 484 00:28:00,000 --> 00:28:03,000 Speaker 1: Donald Trump's Middle East policy, it's looking more and more 485 00:28:03,119 --> 00:28:05,880 Speaker 1: like he is going to broaden and continue it. They're 486 00:28:05,920 --> 00:28:10,080 Speaker 1: describing that now as a reset um and we're hearing 487 00:28:10,320 --> 00:28:14,639 Speaker 1: more and more about some effort to expand the Abraham Accords, 488 00:28:14,680 --> 00:28:18,760 Speaker 1: some kind of strategic defense cooperation packed. Those are not 489 00:28:18,920 --> 00:28:21,480 Speaker 1: things though you're hearing about from the White House to 490 00:28:21,520 --> 00:28:24,159 Speaker 1: the American public, And I think that is the concern 491 00:28:24,760 --> 00:28:27,159 Speaker 1: that you know, they're being told it's going to be 492 00:28:27,200 --> 00:28:30,200 Speaker 1: about oil and maybe human rights, and it's about something else, 493 00:28:30,240 --> 00:28:32,720 Speaker 1: and I think that becomes a confusing message for people. 494 00:28:32,920 --> 00:28:34,800 Speaker 1: Well here, so here comes the next stuff, and that's 495 00:28:34,840 --> 00:28:39,000 Speaker 1: tomorrow CPI data. As the President is heading on this trip, 496 00:28:39,200 --> 00:28:42,200 Speaker 1: the next inflation numbers are going to come out here domestically, 497 00:28:42,200 --> 00:28:44,520 Speaker 1: and of course that's going to be somebody's job at 498 00:28:44,520 --> 00:28:47,560 Speaker 1: the White House to react to that. The economic team 499 00:28:47,600 --> 00:28:51,120 Speaker 1: here Rick. We heard from Karine John Pierre, the Press Secretary, yesterday, 500 00:28:51,360 --> 00:28:53,959 Speaker 1: trying to get ahead of what could be a painful report. 501 00:28:53,960 --> 00:28:57,920 Speaker 1: Here she is, we will have new CPI inflation data, 502 00:28:58,040 --> 00:29:02,280 Speaker 1: and we expect the headline umber, which includes gas and food, 503 00:29:02,360 --> 00:29:06,080 Speaker 1: to be highly elevated, mainly because gas prices were so 504 00:29:06,320 --> 00:29:10,080 Speaker 1: elevated in June. Gas and food prices continue to be 505 00:29:10,200 --> 00:29:13,680 Speaker 1: heavily impacted by the war in Ukraine. And there are 506 00:29:13,720 --> 00:29:16,680 Speaker 1: a few important points to keep in mind when we 507 00:29:16,840 --> 00:29:22,000 Speaker 1: get this backwards looking data. First, June CPI data is 508 00:29:22,080 --> 00:29:25,480 Speaker 1: already out of date because energy prices have come down 509 00:29:25,720 --> 00:29:30,880 Speaker 1: substantially this month and are expected to fall further. Rick Davis, 510 00:29:31,040 --> 00:29:35,720 Speaker 1: isn't all economic data backward looking? Yeah? I don't understand 511 00:29:35,760 --> 00:29:38,920 Speaker 1: that at all. So the people who suffered high gas 512 00:29:39,000 --> 00:29:41,640 Speaker 1: prices throughout the month of June should just ignore that 513 00:29:41,720 --> 00:29:43,800 Speaker 1: because they got through it and they're still alive. I mean, like, 514 00:29:43,920 --> 00:29:48,640 Speaker 1: what is that? That's insane. If it goes up over 515 00:29:48,760 --> 00:29:51,240 Speaker 1: one percent, it's going to be seen as a horrible 516 00:29:51,320 --> 00:29:54,480 Speaker 1: situation and everybody will be talking about the Fed coming 517 00:29:54,520 --> 00:29:59,200 Speaker 1: back with another seventy basis point increase in interest rates, 518 00:29:59,240 --> 00:30:01,040 Speaker 1: and and and and Biden is going to be out 519 00:30:01,080 --> 00:30:04,520 Speaker 1: of town. And look, he doesn't talk about this stuff 520 00:30:04,520 --> 00:30:06,360 Speaker 1: when he's here, so I guess he might as well 521 00:30:06,480 --> 00:30:09,160 Speaker 1: leave town. Is it important to be getting ahead of 522 00:30:09,200 --> 00:30:11,440 Speaker 1: it like this, genie. They tried this last month as well. 523 00:30:12,400 --> 00:30:14,520 Speaker 1: It's important to get ahead of it. But what you're 524 00:30:14,600 --> 00:30:16,400 Speaker 1: hearing there is sort of like a Wizard of Oz. 525 00:30:16,520 --> 00:30:18,600 Speaker 1: Don't look behind the curtain. It's nothing to see here. 526 00:30:18,720 --> 00:30:21,480 Speaker 1: Keep moving forward. And you know that's not a message. 527 00:30:21,520 --> 00:30:24,240 Speaker 1: So yes, getting in front of it, helping explain it, 528 00:30:24,400 --> 00:30:26,800 Speaker 1: that would be helpful. That wasn't the message that we 529 00:30:26,880 --> 00:30:29,640 Speaker 1: were hearing. And you know, we are seeing the president 530 00:30:29,760 --> 00:30:33,360 Speaker 1: do what presidents do when domestic politics get tricky. They 531 00:30:33,480 --> 00:30:36,680 Speaker 1: look overseas. Meeting with the Mexican president today, you know, 532 00:30:36,800 --> 00:30:39,880 Speaker 1: going overseas because what else can Joe Biden do when 533 00:30:39,960 --> 00:30:41,920 Speaker 1: he's got the New York Times pole coming out saying 534 00:30:41,960 --> 00:30:45,560 Speaker 1: his approval rating is like three and ten. Jill Biden 535 00:30:45,600 --> 00:30:49,040 Speaker 1: apologized today, I suspect you guys saw this. I needed 536 00:30:49,080 --> 00:30:51,320 Speaker 1: your take on it because the fact of the matter is, 537 00:30:51,320 --> 00:30:53,440 Speaker 1: if Donald Trump said it, we would be talking about it. 538 00:30:53,920 --> 00:30:56,720 Speaker 1: And in this case, the first lady is speaking in 539 00:30:56,760 --> 00:31:01,000 Speaker 1: San Antonio, Texas at the Anitos you SA Annual conference 540 00:31:01,320 --> 00:31:04,720 Speaker 1: in Hispanic conference and started talking about, well, I guess 541 00:31:04,760 --> 00:31:07,400 Speaker 1: the benefits of the community. Here's what she said, the 542 00:31:07,640 --> 00:31:13,280 Speaker 1: diversity of this community, as distinct as the bogadas of 543 00:31:13,400 --> 00:31:18,760 Speaker 1: the Bronx, as beautiful as the blossoms of Miami, and 544 00:31:18,880 --> 00:31:23,040 Speaker 1: as unique as the breakfast tacos here in San Antonio 545 00:31:24,800 --> 00:31:28,400 Speaker 1: for breakfast tacos. Look, and you did hear some people 546 00:31:28,520 --> 00:31:33,640 Speaker 1: laughed and clapped. Uh. There was outrage over this. Uh. 547 00:31:34,240 --> 00:31:36,720 Speaker 1: The First Lady accused of being insensitive, to the point 548 00:31:36,760 --> 00:31:39,800 Speaker 1: where her Press secretary Michael Rossa had to, in fact 549 00:31:39,920 --> 00:31:42,680 Speaker 1: issue an apology. The First Lady apologizes that her words 550 00:31:42,760 --> 00:31:46,920 Speaker 1: conveyed anything but pure admiration and love for the Latino community. 551 00:31:47,360 --> 00:31:50,960 Speaker 1: Was it something to apologize for? Rick? Yeah, sure, I 552 00:31:51,000 --> 00:31:53,480 Speaker 1: mean you can't call people tacos. I mean, like that's 553 00:31:53,480 --> 00:31:56,720 Speaker 1: sort of stand up on politics. And well, you know 554 00:31:56,800 --> 00:31:59,560 Speaker 1: she was comparing diversity, and you know it was just 555 00:32:00,040 --> 00:32:02,240 Speaker 1: predibly in artful. I mean, how that got through a 556 00:32:02,640 --> 00:32:06,240 Speaker 1: White House speech writer's editing process is beyond my comprehension, 557 00:32:06,280 --> 00:32:10,000 Speaker 1: because if people were laughing, I mean, it's you know, okay, 558 00:32:10,200 --> 00:32:12,560 Speaker 1: but like you always laugh at what a principle says, 559 00:32:12,680 --> 00:32:16,160 Speaker 1: and and so the reaction is predictable, and you gotta 560 00:32:16,160 --> 00:32:19,600 Speaker 1: find ways of talking about uh, you know, diversity and 561 00:32:19,880 --> 00:32:22,120 Speaker 1: and and people in a way that doesn't compare him 562 00:32:22,120 --> 00:32:25,560 Speaker 1: to a food, uh, you know, uh sandwich. So I 563 00:32:25,640 --> 00:32:27,880 Speaker 1: don't know, I mean, I it's just another sort of 564 00:32:28,360 --> 00:32:31,600 Speaker 1: This cycle is not good for the Biden's uh there. 565 00:32:31,960 --> 00:32:34,320 Speaker 1: Every little thing they do and say on or off 566 00:32:34,400 --> 00:32:38,200 Speaker 1: camera is getting heightened attention, and it's up to the 567 00:32:38,280 --> 00:32:40,400 Speaker 1: staff to make sure that they're not put in an 568 00:32:40,440 --> 00:32:43,520 Speaker 1: awkward position. That is not Jill Biden's fault. That is 569 00:32:43,720 --> 00:32:46,280 Speaker 1: her staff's thought for having that in the speech and 570 00:32:46,360 --> 00:32:48,240 Speaker 1: not having done a better job of etting it. Do 571 00:32:48,280 --> 00:32:49,800 Speaker 1: you agree with this, Jennie, Would you have gone after 572 00:32:49,840 --> 00:32:52,959 Speaker 1: Donald Trump for saying the same thing? Um? Yeah, I mean, 573 00:32:53,120 --> 00:32:55,400 Speaker 1: you know, you know it's not Donald Trump and it's 574 00:32:55,440 --> 00:32:58,680 Speaker 1: not Jill Biden. It is she did not write this speech, 575 00:32:58,760 --> 00:33:00,320 Speaker 1: and you know, should she have read it? Should she 576 00:33:00,440 --> 00:33:04,400 Speaker 1: have cut that out? You know? Yeah? But but you know, yeah, 577 00:33:04,560 --> 00:33:09,200 Speaker 1: but you know what the attempt was there? She apologized afterwards. 578 00:33:09,560 --> 00:33:12,640 Speaker 1: It was in hurtful is the right description? You know? 579 00:33:12,960 --> 00:33:16,800 Speaker 1: I never quote him, but Ted Cruizes communication advisor said, 580 00:33:16,880 --> 00:33:19,920 Speaker 1: this isn't veep, which White House speechwriter won the bet 581 00:33:20,000 --> 00:33:21,920 Speaker 1: for getting her to say this. I mean, it's in 582 00:33:22,120 --> 00:33:25,320 Speaker 1: it's it is a meme story you've got. You know, 583 00:33:25,720 --> 00:33:28,600 Speaker 1: You've got Marco Rubio changing his Twitter profile to a taco. 584 00:33:28,960 --> 00:33:31,680 Speaker 1: You know, so it is taken on that life. But 585 00:33:32,120 --> 00:33:34,520 Speaker 1: you know, in the case of Trump or Jill Biden, 586 00:33:35,240 --> 00:33:39,400 Speaker 1: these these you know, they can't be responsible for everything, 587 00:33:39,600 --> 00:33:42,000 Speaker 1: and they need teams around them that are working in 588 00:33:42,080 --> 00:33:46,800 Speaker 1: This communications team has had trouble, is probably the nicest 589 00:33:46,880 --> 00:33:48,840 Speaker 1: way to say it. And this is one example. And 590 00:33:48,920 --> 00:33:50,840 Speaker 1: it's embarrassing to the first ladies. That is why we 591 00:33:50,920 --> 00:33:52,760 Speaker 1: have Rick and Ginue to help us make sense of 592 00:33:52,840 --> 00:33:54,360 Speaker 1: it as we try to. Now I'm going to end 593 00:33:54,400 --> 00:33:57,640 Speaker 1: on a positive note. Okay, from breakfast Tacos. You can 594 00:33:57,760 --> 00:34:00,280 Speaker 1: only go up from here. With the head line on 595 00:34:00,320 --> 00:34:06,000 Speaker 1: the Terminal Space telescope captures new detail of distant galaxy cluster. 596 00:34:06,720 --> 00:34:08,800 Speaker 1: If you could have seen Joe Biden's face when he 597 00:34:08,840 --> 00:34:12,040 Speaker 1: saw the image that you saw earlier today or last 598 00:34:12,160 --> 00:34:15,400 Speaker 1: night on social media, right this new image from the 599 00:34:15,560 --> 00:34:20,399 Speaker 1: James Web Space telescope. Don't tell me government does nothing good. 600 00:34:21,960 --> 00:34:28,600 Speaker 1: Bring us in the room, this president. If you held 601 00:34:28,719 --> 00:34:33,120 Speaker 1: a grain of sand on the tip of your finger 602 00:34:33,239 --> 00:34:40,360 Speaker 1: at arms length. That is the part of the universe 603 00:34:40,480 --> 00:34:43,760 Speaker 1: that you're seeing, just one little speck of the universe. 604 00:34:48,760 --> 00:34:52,600 Speaker 1: Today's historic day. Six and a half months ago, a 605 00:34:52,719 --> 00:34:56,920 Speaker 1: rocket Launchermarth carrying the world's newest, most powerful deep space 606 00:34:57,000 --> 00:35:02,440 Speaker 1: telescope on a journey one million miles into the cosmos. 607 00:35:04,239 --> 00:35:07,920 Speaker 1: First of all, that blows my mind. A million miles 608 00:35:07,960 --> 00:35:12,040 Speaker 1: into the cosmos. You know, a hundred years ago, Miss 609 00:35:12,120 --> 00:35:15,319 Speaker 1: President Madame Bidge, President, a hundred years ago, we thought 610 00:35:15,360 --> 00:35:20,440 Speaker 1: there was only one galaxy. Now the number is unlimited. 611 00:35:21,480 --> 00:35:25,200 Speaker 1: Light where stars were born and from where they die, 612 00:35:26,000 --> 00:35:29,000 Speaker 1: Light from the oldest galaxies, the oldest documented light and 613 00:35:29,080 --> 00:35:33,640 Speaker 1: the history of the universe from over thirteen billion let 614 00:35:33,680 --> 00:35:37,680 Speaker 1: me say it again, thirteen billion years ago. It's hard 615 00:35:37,760 --> 00:35:42,560 Speaker 1: to beat it. Fathomed more than four billion years ago, 616 00:35:44,200 --> 00:35:48,000 Speaker 1: the distant Galaxy cluster. With great inspiration at the White House. 617 00:35:48,040 --> 00:35:51,239 Speaker 1: They should have more events like that, you know, how 618 00:35:51,280 --> 00:35:55,560 Speaker 1: about that for the new strategy. When things aren't going great, 619 00:35:55,680 --> 00:35:59,640 Speaker 1: bring NASA in. They're doing incredible. I it this was 620 00:35:59,760 --> 00:36:02,520 Speaker 1: in credible. Rick Davis. Did you see the images? They 621 00:36:02,560 --> 00:36:05,040 Speaker 1: blew my mind last night and this morning. Yeah, I 622 00:36:05,120 --> 00:36:08,239 Speaker 1: want to be an astronaut now exactly. But this is 623 00:36:08,280 --> 00:36:09,920 Speaker 1: the kind of thing and I'm not kidding around here 624 00:36:09,960 --> 00:36:12,280 Speaker 1: in our remaining seconds, Genie, that we never talked about. 625 00:36:12,400 --> 00:36:15,160 Speaker 1: Just we trashed through the politics. But this is also 626 00:36:15,239 --> 00:36:18,560 Speaker 1: happening in Washington. It is and it is. It's what 627 00:36:18,719 --> 00:36:20,960 Speaker 1: the government does, and they need you to do the 628 00:36:21,360 --> 00:36:26,239 Speaker 1: music underneath these rollouts. Joe Matthew, it's amazing. What the 629 00:36:26,320 --> 00:36:28,720 Speaker 1: best panel in the business. Rick Davis and Jeannie Chanzana 630 00:36:28,719 --> 00:36:30,560 Speaker 1: will meet you back here tomorrow for the fastest hour 631 00:36:30,640 --> 00:36:32,720 Speaker 1: in politics. Man. We have a lot to talk about 632 00:36:33,120 --> 00:36:35,680 Speaker 1: every day, and we'll meet you back here. Subscribe to 633 00:36:35,719 --> 00:36:38,760 Speaker 1: the podcast if you showed up late. I'm Joe Matthew. 634 00:36:39,000 --> 00:36:40,360 Speaker 1: This is Bloomberg.