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Speaker 1: The line from the Trump Him summit in government? What

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Speaker 1: are the political reality The President is increasingly frustrated. I

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Speaker 1: want to try to cut through the noise politically. This

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Speaker 1: is devastating. Sound on with Kesids, the influencers, the inside.

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Speaker 1: There is no secret that I care a lot about

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Speaker 1: the consumers. There are real questions about big tech. We

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Speaker 1: still have more leverage to use with the tariffs. I

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Speaker 1: think we can do with a little less drama from

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Speaker 1: the White House. Is Sound on with Kevin's Really on

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Speaker 1: Bloomberg Radio, Happy Friday. I'm Kevin Cirelli, Bloomberg Near's chief

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Speaker 1: Washington correspondent for Bloomberg Television and Bloomberg Radio. We're broadcasting

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Speaker 1: from inside of the Hilton of Hannoi in Central uh

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Speaker 1: Hannoi here in Vietnam. We've been here all week covering

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Speaker 1: the second summit between President Trump and North Korean leader

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Speaker 1: Kim Joan un, but that of course was cut down early,

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Speaker 1: simply because while President Trump says he couldn't get the

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Speaker 1: deal he wanted, he accused the North Koreans of having

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Speaker 1: to want all sanctions lifted in exchange for the nuclearization.

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Speaker 1: President Trump has long gone from here now he's back

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Speaker 1: in the United States, Kim Jong un remains. He's set

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Speaker 1: to depart from Hannoi later this morning back on that

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Speaker 1: sixty hour train ride back to get to to UH

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Speaker 1: North Korea Pyongyang. The Chinese are helping to transport him.

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Speaker 1: He's been meeting here in the past twenty four hours

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Speaker 1: since President Trump has left with various Vietnamese officials and

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Speaker 1: and touring sites UH here in Vietnam. Meanwhile, back in

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Speaker 1: the United States, President Trump dealing with new political controversies.

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Speaker 1: We're going to break down all of that UH and

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Speaker 1: the new political realities as we head into this post

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Speaker 1: Trump Kim summit after a very busy, cheo political week.

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Speaker 1: Derek Wallbank is senior editor for Bloomberg Breaking News in Asia.

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Speaker 1: He just started over there. Previously he was in the

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Speaker 1: Washington bureau. He's with me for the hour here in Hannoy,

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Speaker 1: with me all week. We've had a week. We've had

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Speaker 1: a week. We've had a week. And Josh Green is

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Speaker 1: national correspondent for Bloomberg Business Week and the author of

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Speaker 1: the number one New York Times bestseller Devil's Bargain. Steve Bannon,

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Speaker 1: Donald Trump and the Storming of the Presidency. UH Josh,

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Speaker 1: you're in Washington, d C. I believe right. I am

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Speaker 1: gonna be with you guys. Great too great to have you.

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Speaker 1: And coming up, we're gonna check in with Congressman Lee Zelden,

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Speaker 1: a Republican from New York. He's a member of the

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Speaker 1: House Foreign Affairs Committee as well as the Financial Services Committee,

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Speaker 1: so he's really in the eye of the storm. Derek,

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Speaker 1: let's begin here. Wow, President Trump, no major news in

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Speaker 1: terms of the fallout from having no deal, But here

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Speaker 1: in Hannoi, it's it feels almost like it's it's back

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Speaker 1: to normal and and life moves on without a deal.

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Speaker 1: It's totally back to normal. Yeah, they're they're tearing down

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Speaker 1: all of the propaganda posters about Hanoi City for Peace,

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Speaker 1: which were I mean, we're everywhere here. This this city

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Speaker 1: had geared up like this was the super Bowl. Uh.

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Speaker 1: They this city was very well aware that the eyes

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Speaker 1: of the entire world were upon them, and they were

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Speaker 1: doing everything that they could to try and reintroduce Vietnam

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Speaker 1: to the world, reintroduced Hannoi to the world. And look, yeah,

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Speaker 1: we were sitting there and it ended just uh just quickly.

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Speaker 1: I mean we you know, we sent out that we

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Speaker 1: sent out a red headline on the Bloomberg terminal if

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Speaker 1: if you if you've ever seen this is it is

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Speaker 1: as big as it gets. Right. It's to stop the

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Speaker 1: press's moment for Bloomberg. And there were sixteen of them,

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Speaker 1: sixteen of them. Um, we sent out this thing that

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Speaker 1: said the summit is in question, schedules changed, and you

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Speaker 1: could see keV you could see markets die. I want

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Speaker 1: to get into the economic realities of this, uh, this

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Speaker 1: historic Trump Kim summit, historic, maybe for the wrong reasons.

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Speaker 1: And and later in the program, Josh Green, that's the

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Speaker 1: lay of the land here in Hannoi. But back in Washington,

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Speaker 1: d C. President Trump facing a much different reality following

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Speaker 1: that New York Times report that really broke just you know,

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Speaker 1: hours after he had landed that Trump ordered officials to

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Speaker 1: give Jared Kushner a security clearance, and now House Democrats

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Speaker 1: are demanding information from the White House about these security clearances.

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Speaker 1: Mind you. I mean, this has been a foreign policy,

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Speaker 1: geopolitics week for us here on on sound On. While

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Speaker 1: we were in Hannoi, Jared Kushner was was traveling in

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Speaker 1: the Middle East and meeting with King uh Muhammad bin

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Speaker 1: Salman of Saudi Arabia. So now there's scrutiny, a new

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Speaker 1: scrutiny on President Trump. Yeah, I mean it's almost being

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Speaker 1: here in d C. While you guys are on the

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Speaker 1: other side of the world. It's almost like I'm living

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Speaker 1: in a different hemisphere. Um, not just geographic, but in

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Speaker 1: terms of the news and what it's been about. Uh.

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Speaker 1: For all intents and purposes, in my world in Washington,

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Speaker 1: d C. Politics, the Hannoi Summit may as well not

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Speaker 1: even have existed. So dominated was the news this week

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Speaker 1: by Michael Cohen's testimony and by the latest you know,

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Speaker 1: unfolding scandals from the Bush administration today with with the

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Speaker 1: Kushner security clearance one uh and and and really some

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Speaker 1: of the leftover battles I think from Cohen's testimony where

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Speaker 1: you see House Democrats, particularly on the Oversight Committee UM

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Speaker 1: using Cohen's testimony as a kind of launching off point

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Speaker 1: to demand more information from the administration. Now, just this afternoon, UH,

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Speaker 1: Kushner's security clearance and the story behind it became the

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Speaker 1: latest example of that. Elijah Cummings, House Oversight Committee Chairman

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Speaker 1: demanded the White House turnover information about that. It doesn't

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Speaker 1: sound as the White House is going to and so

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Speaker 1: maybe we may be headed for a subpoena to which

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Speaker 1: would even further, uh, you know, kind of minimize any

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Speaker 1: attention that there never really was to the summit in Hanoi.

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Speaker 1: Josh Grain is national correspondent for Bloomberg Business Week and

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Speaker 1: author of the number one New York Times bestseller Devil's Bargain.

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Speaker 1: Derek Walbank also with me, senior editor for Bloomberg Breaking

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Speaker 1: News in Asia. Derek's here with me in Hanoi. It

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Speaker 1: this would be should Chairman Cummings UH use subpoena power

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Speaker 1: to subpoena folks uh to to get to the bottom

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Speaker 1: of this? Really the strongest flexing of the political muscle

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Speaker 1: yet of of Democrats since they've taken the taken back

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Speaker 1: the majority in the House of Representatives, UH in terms

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Speaker 1: of subpoena power. I've interviewed a lot of Democrats who

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Speaker 1: have threatened to do so. But this issue of the

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Speaker 1: security clearances josh as has dominated the political zeitegeids for

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Speaker 1: the past day or so, or since the New York

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Speaker 1: Times burke that report. This would be incredibly aggressive. And

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Speaker 1: then you have Michael Cohen and that's what was so

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Speaker 1: interesting to me, Josh about this week was here even

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Speaker 1: the rumblings, uh of of the foreign press, obviously of

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Speaker 1: of of the American press, has been are we here

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Speaker 1: for denuclearization or are we here? Because President Trump was

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Speaker 1: was looking for some type of of of when if

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Speaker 1: any existed, to take some of the attention off of

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Speaker 1: his problems back home. Well, sir, I mean, certainly the

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Speaker 1: impression here among most I'd say, among all Democrats and

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Speaker 1: many of the Republicans that I've spoken to this week

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Speaker 1: was precisely that which is Trump recognizes that, you know,

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Speaker 1: legislative path forward is probably closed with Democrats controlling the House,

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Speaker 1: wanting and needing to look presidential and strong in arranging

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Speaker 1: this summit with Kim, which would provide Trump with what

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Speaker 1: he most loves, the kind of pageantry and global stage

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Speaker 1: in which he can you know, strike a deal, be

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Speaker 1: a center of attention, that sort of thing. And and

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Speaker 1: and one of the kind of troll moves from Democrats

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Speaker 1: was to schedule this Cohen hearing right in the middle

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Speaker 1: of Trump's big summit, which of course was no coincidence.

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Speaker 1: It was meant to overshadow and at least in the

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Speaker 1: US certainly did overshadow Trump's meeting with Hanoi. And I

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Speaker 1: think the fact that uh the summit ended in a

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Speaker 1: kind of an abrupt failure just helped to uh amplify

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Speaker 1: the fact that, at least in the US political context,

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Speaker 1: um the real gravity and politics these days is Congress

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Speaker 1: in its focused on the Trump investigation. Yeah, exactly. And

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Speaker 1: if that wasn't enough, if Michael Cohen wasn't enough, if

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Speaker 1: the the security clearance clearances wasn't enough, if the Trump

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Speaker 1: Kim's summit two point oh wasn't enough, let us not

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Speaker 1: forget that there were other developments as well. The FED

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Speaker 1: chair testified this week on the economy. You've got Vice

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Speaker 1: President Pence dealing with Venezuela. It was really remarkable. Derek Wallbank,

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Speaker 1: who was senior editor for Bloomberg breaking news in Asia

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Speaker 1: and China's influence here. We were talking about the soft air,

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Speaker 1: China's influence here, UH in Vietnam, and and really the

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Speaker 1: shadow that it casts over this whole week was truly felt.

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Speaker 1: Because China obviously their importance in the in the region

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Speaker 1: with North Korea, but the US China trade relationship very

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Speaker 1: much kind of this is the latest flashpoint of it.

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Speaker 1: And just within the last twenty four hours, we've got

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Speaker 1: this this story that the Huawei extradition case has begun,

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Speaker 1: which is only why didn't not just the rift between

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Speaker 1: China and the US, but also China and Canada. Meanwhile,

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Speaker 1: if that wasn't enough, Bloomberg reporting uh that the president

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Speaker 1: is hungry for a deal, he's got the zeal for

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Speaker 1: a deal, as it was put to me yesterday. Uh.

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Speaker 1: But because with China and so I guess what do

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Speaker 1: you make of I mean, you monitor all of these

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Speaker 1: moving crossing headlines, but the Huawei situation now with this

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Speaker 1: this this uh, this Canadian rift, Oh yeah, absolutely have

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Speaker 1: I mean, look, China in this part of the world,

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Speaker 1: and and and we're pretty close to China here right

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Speaker 1: We're about if you if you drove two hours north,

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Speaker 1: you hit the Chinese border. Um, China has this sort

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Speaker 1: of like gravitational pull uh, and things orbit around it.

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Speaker 1: I mean, you've got some countries that don't make sense

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Speaker 1: on Chinese time zone that get onto Chinese time zone

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Speaker 1: in order to be in better shape with them. Um,

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Speaker 1: this Huawei case is overhanging a lot of stuff right now.

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Speaker 1: This is a firm that China is incredibly proud of.

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Speaker 1: It's almost like a national identity kind of pride in

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Speaker 1: Huawei and what it's been able to do and that

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Speaker 1: it's gone from not much to being a global industry

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Speaker 1: leader UH in technology in a very short amount of time.

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Speaker 1: The the Chief Financial Office the CFO of of of

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Speaker 1: Huawei is was arrested in UH in Vancouver, UM after

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Speaker 1: the US, after the after the US want wanted her arrested.

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Speaker 1: They have, they are, They are alleging a whole slew

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Speaker 1: of things related to competition, and the US wants an extradition.

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Speaker 1: So Canada, UM, if the US requested, Canada has to

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Speaker 1: do it right. And that's the deal, and that's always

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Speaker 1: been the deal. But this puts Canada in a really

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Speaker 1: weird spot. And so here we are with big, big

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Speaker 1: legal drama taking place with major geopolitical risk in a

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Speaker 1: country where, let's be honest, Canada, UH, you can't just

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Speaker 1: you know, say it and it happens. It's an independent

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Speaker 1: judici year str editor for Bloomberg Breaking News and Asia.

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Speaker 1: Josh Green, national correspondent for Bloomberg Business Meeting, author of

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Speaker 1: the number one to Year Times best seller Devil's bargain.

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Speaker 1: They're with me for the hour. Coming up, Congressman leaves

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Speaker 1: zeld In Republican from New York. I'm Kevin Surli. You're

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Speaker 1: from Hanoi. You're listening. It's a Bloomberg Radio Global News

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Speaker 1: twenty four hours a day at Bloomberg dot Com, the

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Speaker 1: Bloomberg Business app, and TikTok on Twitter. He's a Bloomberg

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Speaker 1: Business last. It is indeed seventeen past the hour. Let's

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Speaker 1: get you caught up on markets. It was a risk

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Speaker 1: concession in the US after the latest data on Chinese

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Speaker 1: manufacturing seemed to mitigate some concern over a slower global economy.

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Speaker 1: At the same time, we had the improving prospects for

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Speaker 1: a deal on US China trade. At the end of

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Speaker 1: the day that dad was up four tents of one percent,

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Speaker 1: the S and P five hundred better by about seven

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Speaker 1: tenths of one percent, and the NASDAT composite gained about

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Speaker 1: eight tenths of one percent. Long term interest rates were

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Speaker 1: up the ten year Treasury last quoted in New York

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Speaker 1: just under two point seven six percent. Many of the

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Speaker 1: financial stocks were the beneficiaries. Given the fact that now

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Speaker 1: we've got a slightly steeper yield curve twenty two basis

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Speaker 1: points in that to ten years spread. We've got Amazon

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Speaker 1: picking up nearly two percent. That was after The Wall

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Speaker 1: Street Journal said the company is planning to open dozens

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Speaker 1: of grocery stores in the US. Reaction in shares of

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Speaker 1: Kroger they were down four Tesla picked out, or rather

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Speaker 1: fell nearly eight percent on skepticism over the company's plan

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Speaker 1: to deliver a thirty five dollar model, s CEO Elon

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Speaker 1: Musk saying the company probably won't post a profit in

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Speaker 1: Q one, although he did say second quarter profitability is likely.

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Speaker 1: I'm Doug Prisoner. That's your Bloomberg Business flash now back

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Speaker 1: to a special edition of Sound On with Kevin Sirelli

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Speaker 1: from Hanoi, Vietnam. Thanks Doug. I'm Kevin Seireli, Bloomberger's chief

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Speaker 1: Washington correspondent for Bloomberg TV and Radio were broadcasting from Hanoi,

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Speaker 1: covering all week the Trump Kim summit and the fallout

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Speaker 1: from it, which is why I'm so grateful that Congressman

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Speaker 1: Lee Zelden, Republican from New York, a member of the

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Speaker 1: House Foreign Affairs Committee as well as the House Financial

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Speaker 1: Services Committee, he's back in Washington, joins us on the

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Speaker 1: telephone line. Congressman, I know you're pressed for time, so

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Speaker 1: I appreciate you calling in. How would you grade President

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Speaker 1: Trump's UH performance and this week in Hanoi? Well, it's

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Speaker 1: I guess if we're rating it based off of leaving

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Speaker 1: Vietnam with a assigned, verifiable agreement for total denuclearization, UH,

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Speaker 1: that would UM obviously be coming in far under hopes

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Speaker 1: and expectations. But at the same time, what I wouldn't

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Speaker 1: want to see is to cut a deal just to

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Speaker 1: cut a deal. I know the United States wants to

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Speaker 1: to reach a deal here for denuclearization of the Korean Peninsula.

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Speaker 1: I also know and I believe strongly that the North

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Speaker 1: Koreans wants sanctions release even more. They want to deal

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Speaker 1: even more than we do. So rather than cutting a

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Speaker 1: bad deal, UH, walking away this time is better than

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Speaker 1: the alternative. The other thing that comes to mind is

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Speaker 1: Ronald Reagan and is in negotiations with Mikhail Gorbachev. UH.

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Speaker 1: He is not getting the deal that he's looking for.

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Speaker 1: Walks A year later, UH we end up with UH

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Speaker 1: an agreement that ends up really exceeding many people's best

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Speaker 1: expectations and and and hope, and we see the end

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Speaker 1: of the Cold War. So you know what this as

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Speaker 1: far as this particular week goes, it's you know, it's

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Speaker 1: unfortunate that we can't be talking about a signed, verifiable

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Speaker 1: agreement achieving all of our goals. But then at the

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Speaker 1: same time, I'm I'm I'm also thrilled that we're not

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Speaker 1: agreeing to a bed. You a lot of Congressman uh

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Speaker 1: Lee Zelden, a Republican from New York, a member of

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Speaker 1: the House Foreign Affairs Committee as well as on the

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Speaker 1: House Financial Services Committee, calling in, I've got two more

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Speaker 1: questions for you. I know you're pressed for time. What

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Speaker 1: did you make of of the president's tone, particularly when

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Speaker 1: it came to Otto warm Rear his war Beer's family.

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Speaker 1: Of course, Otto Warber has passed away since his release.

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Speaker 1: He was a college student who was sentenced to fifteen

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Speaker 1: years of hard labor after North Korea found him guilty

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Speaker 1: of crimes against the state. That was a very you know,

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Speaker 1: dramatic American loss. What did you make of the president's

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Speaker 1: tone on that? As well as Otto warm Beer's family's

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Speaker 1: review of the president's tone from the presser earlier this week, Yeah,

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Speaker 1: I would personally be holding Kim Jong un accountable for

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Speaker 1: a whole host of human rights violation taking place in

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Speaker 1: that country, and that includes the death of Ottawambier. And

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Speaker 1: if Kim Jong Une is stating a position that he

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Speaker 1: was not aware of that death happening, that that definitely

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Speaker 1: isn't by far the end of that conversation. I mean,

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Speaker 1: the follow up questions that I would have in posting

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Speaker 1: or Kim Jong Un would be about who is responsible,

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Speaker 1: what's the status of that investigation, when when are those

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Speaker 1: people going to be brought to justice. So for me personally,

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Speaker 1: while I hold Kim Jong un personally responsible for human

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Speaker 1: rights violations in this country, including Otto's desk, at the

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Speaker 1: same time, I wouldn't. Yeah, you know, even if I

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Speaker 1: was inclined to take Kim Jong UN's word on on

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Speaker 1: his story, you still need to press him on an

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Speaker 1: investigation and justice. So that was that was something that

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Speaker 1: I would have taken a pretty different approach on UH.

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Speaker 1: And then for Otto's family, it highlights their need for foreclosure,

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Speaker 1: for justice, for those who are responsible to be held accountable,

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Speaker 1: and it's good that they they spoke up and and

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Speaker 1: the United States did a good job bringing a few

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Speaker 1: of uh, a few Americans who are being held in

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Speaker 1: North Korea to bring them home. UH. That was fantastic. Um.

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Speaker 1: You know this unfortunately is not the right way to

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Speaker 1: to write the next chapter of of that story as

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Speaker 1: far as the what was a great return of of Americans? Unfortunately,

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Speaker 1: uh A a return of the thief Otto Wombier and

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Speaker 1: and really a demand amongst the American people, especially the

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Speaker 1: Womber family for justice. Corgressman Lee Zelden, a Republican from

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Speaker 1: New York, a member of the House Foreign Affairs Committee

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Speaker 1: and Financial Services UH committees, also an Iraq war veteran.

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Speaker 1: We appreciate your service. We appreciate your time. I know

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Speaker 1: you've got to run. Thank you for checking in with us.

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Speaker 1: I'll catch up with you back when I'm in Washington,

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Speaker 1: d C. Also with us in Washington, d C. Holding

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Speaker 1: down the Fort is Josh Green, national correspondent for Bloomberg

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Speaker 1: Business Weekend, author of the New York Times bestseller seller

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Speaker 1: Devil's Bart great book, one of the best books written

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Speaker 1: about Trump World that I've read. Uh. Josh and Derek Wallbank,

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Speaker 1: Senior editor for Bloomberg Breaking News in Asia. He's with

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Speaker 1: me here. Uh quickly, Josh, we have less than a

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Speaker 1: minute until we've got we gotta cut the break. Uh

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Speaker 1: what where does where does President How does President Trump

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Speaker 1: head in? Now? We just heard from Congressman Zelden from

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Speaker 1: criticism about this auto warm beer situation from the right,

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Speaker 1: not just the Lepton from the right. Well, I'm not

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Speaker 1: sure there's any avoiding it. I mean he's been you know,

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Speaker 1: land based in by Republicans and Democrats, and Trump has

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Speaker 1: done uh really, the only thing I think he can

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Speaker 1: do in this situation was to put out a tweet

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Speaker 1: claiming he was misunderstood. I don't think he was misunderstood,

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Speaker 1: but I do think he realizes that the way he

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Speaker 1: dealt with that subject was problematic and it's something he

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Speaker 1: wants to back away from. Josh days Uh, Derek stays,

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Speaker 1: I stay, we're in Hanoi. Uh. And remember you can

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Speaker 1: check out the Apple. You can check out our podcast

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Speaker 1: on iTunes, Bloomberg dot Com, the Bloomberg Business App. I'm

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Speaker 1: Kevin Surli. You're listening to sound on This is Bloomberg

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Speaker 1: from the Bloomberg in his room in New York. I'm

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Speaker 1: Bob Moon. A day after he declared North Korea's dictator

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Speaker 1: was not involved and would not have allowed the torture

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Speaker 1: of a young American who was returned to the US

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Speaker 1: in a vegetative state. President Donald Trump now insists his

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Speaker 1: remarks were misinterpreted. Ending their summit, Trump said he took

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Speaker 1: Kim Jong Oon at his word that he was unaware

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Speaker 1: of alleged mistreatment during the young man seventeen months of captivity.

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Speaker 1: Otto warm Beer died at the age of twenty two

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Speaker 1: soon after his return in twenty seventeen. His parents say

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Speaker 1: no excuses can change that Kim and his evil regime

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Speaker 1: are responsible for the death of their son. On Twitter today,

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Speaker 1: Trump attack quote the previous administration, saying warm Beer was

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Speaker 1: taken on their watch. Lawyers for former Trump campaign chairman

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Speaker 1: Paul Manafort are asking a judge in Virginia for leniency

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Speaker 1: ahead of a sentencing hearing next week. Manafort is to

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Speaker 1: be sentenced next Thursday after being convicted last summer of

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Speaker 1: eight financial crimes globally used twenty four hours a day

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Speaker 1: on air and a TikTok on Twitter, powered by more

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Speaker 1: than journalists and analysts in more than a hundred twenty countries.

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Speaker 1: I'm Bob Moon. This is Bloomberg. This is Sound On

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Speaker 1: with Kevin's early Live from the Trump Kim nuclear summit

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Speaker 1: in Hanoi on Bloomberg Radio. Com Back to everybody. We

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Speaker 1: made it to Friday. Actually where I am. It's Saturday,

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Speaker 1: one a m. Saturday Local time in Hannoi Central, Central Hannoi, Vietnam,

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Speaker 1: where I am broadcasting from inside of the Hilton in

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Speaker 1: downtown Hannoi, a city that played host to the President

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Speaker 1: Trump's second summit with North Korea leader Kim Jong n.

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Speaker 1: The President has since returned back to the United States.

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Speaker 1: Kim Jong n, the dictator of North Korea, is sets

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Speaker 1: it apart here to get in a forty hour train ride,

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Speaker 1: a forty hour train round. I'm I can't even fathom

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Speaker 1: having to get back on his sixteen hour flight back

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Speaker 1: to the affected dullis after I take a connection through

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Speaker 1: Hong Kong. But forty hours stuck in the train, I

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Speaker 1: don't know why. Joining us back in Washington, d C.

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Speaker 1: We've been talking about all of the latest from the

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Speaker 1: fallout of the summit, as well as to where the

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Speaker 1: President heads from here after the Michael Cohen testimony. Josh Green,

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Speaker 1: He's national correspondent from Bloomberg Business Week and author of

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Speaker 1: the New York Times bestseller Devil's Bargain. Steve Bannon, Donald

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Speaker 1: Trump and the Storming of the Presidency truly my favorite

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Speaker 1: Trump book that was written in this era. It's it's

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Speaker 1: a it's a masterclass and showing us all young guns

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Speaker 1: how it's done. Uh. And then of course Derek Wallbank,

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Speaker 1: he is senior editor for Bloomberg Breaking News in Asia.

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Speaker 1: He's here with me inside of the Hilton. Thanks for

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Speaker 1: getting up early. I don't know what time zone either

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Speaker 1: of us are in, but what a week we've had. Uh.

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Speaker 1: And Josh, let me start with you just quickly, because

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Speaker 1: I was checking up on my email and within the

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Speaker 1: last hour I got a statement that was put out

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Speaker 1: to reporters from Landy Davis and attorney for Michael Cohen,

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Speaker 1: and he's responding to President Trump's attacks against Cohen on Twitter,

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Speaker 1: which the President was tweeting out early Friday morning. I

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Speaker 1: guess he's not jet legged, he said. According to this

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Speaker 1: Davis or President Trump was rather criticizing Michael Cohen, and

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Speaker 1: one of the things he tweeted was, wow, just revealed

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Speaker 1: that Michael Cohen wrote a love letter to Trump. Manuscript

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Speaker 1: for a new book that he was pushing written and

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Speaker 1: submitted long after Charlotte'sville and Helsinki. His phony reasons for

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Speaker 1: going road book is exact opposite of his fake testimony,

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Speaker 1: which is now a lie. That's for President Trump. That shot.

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Speaker 1: Let's chase it with Lanny Davis. He just got this

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Speaker 1: statement quote. Sometime in earlyen Michael Cohen was offered a

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Speaker 1: substantial advance for a proposal regarding a book. Mr Cohen

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Speaker 1: ultimately elected not to proceed. In other words, totus has

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Speaker 1: lied yet again. But what's the difference between nine thousand

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Speaker 1: or nine thousand and one lives? All right, Josh the

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Speaker 1: bannering from Trump world Michael Cohen world. What does it

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Speaker 1: really matter in terms of the Mueller investigation if at all? Well,

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Speaker 1: I think what's going on here is an extension of

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Speaker 1: what we saw Republicans trying to do during Michael Cohen

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Speaker 1: Cohen's testimony. Uh, And that is not so much to

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Speaker 1: defriend Trump and his behavior as you undermine and attack

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Speaker 1: Cohen's character, which is probably a little easier with somebody

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Speaker 1: like Cohen that it might be with an ordinary witness.

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Speaker 1: So the context of the fight over this over the book.

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Speaker 1: I say that. I say that only because Cohen is

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Speaker 1: is an admitted UH liar, is gonna be going to

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Speaker 1: jail for for for perjury um. But the context of

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Speaker 1: the book is interesting because Trump is essentially using Cohen's

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Speaker 1: uh flip flop to drive home this point, or at

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Speaker 1: least raised questions about how reliable and narrator Michael Cohen

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Speaker 1: really is. The booking question was something that Cohen proposed

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Speaker 1: a couple of years ago, back when he was on

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Speaker 1: Team Trump, and by all accounts, or at least according

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Speaker 1: to the the descriptions I've read, it is a laud of tory,

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Speaker 1: glowing account of Trump and his leadership and all that.

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Speaker 1: So I think what Trump is essentially trying to do

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Speaker 1: is say, let's get ahold of this manuscript, if in

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Speaker 1: fact it exists, because the portrait, the glowing portrait it

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Speaker 1: presumably portray of Trump, would stand in sharp contracts to

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Speaker 1: the charges that we heard liar, racist, criminals so on

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Speaker 1: in Congress this week. It's dizzying to see all of

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Speaker 1: these like data points from the Color investigation that back

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Speaker 1: and forth with the tweets. Is President Trump in any

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Speaker 1: more legal risk as a result of what of the

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00:25:35,960 --> 00:25:41,639
Speaker 1: fallout of Michael Cohen's testimony UH this Friday, as he

429
00:25:41,640 --> 00:25:44,919
Speaker 1: heads into the weekend than he than he was before,

430
00:25:45,119 --> 00:25:49,439
Speaker 1: And if so, how I don't know. I think I

431
00:25:49,520 --> 00:25:53,960
Speaker 1: think that whatever Cohen said in testimony this week, I'm

432
00:25:53,960 --> 00:25:57,680
Speaker 1: going to assume that Robert Muller and his investigators, as

433
00:25:57,720 --> 00:26:00,240
Speaker 1: well as the investigators in the Southern District of York

434
00:26:00,400 --> 00:26:04,320
Speaker 1: already knew. I doubt that Cohen was offering new information

435
00:26:04,359 --> 00:26:06,840
Speaker 1: to Congress. So in that sense, I don't know that

436
00:26:06,880 --> 00:26:10,440
Speaker 1: Trump or his inner circle or in any additional legal jeopardy.

437
00:26:10,480 --> 00:26:12,320
Speaker 1: I think the difference here is that this is all

438
00:26:12,359 --> 00:26:15,080
Speaker 1: happening publicly, whereas in the past and had it and

439
00:26:15,119 --> 00:26:19,520
Speaker 1: so one effect of Cohen's testimony is that he implicated

440
00:26:19,600 --> 00:26:24,879
Speaker 1: people like the Trump cfo Alan Wiselberg publicly, along with

441
00:26:24,920 --> 00:26:27,680
Speaker 1: some other Trump insiders, who can now expect to be

442
00:26:27,760 --> 00:26:30,840
Speaker 1: called before the House Oversight Committee and have these things

443
00:26:30,960 --> 00:26:33,240
Speaker 1: litigated publicly in a way that I think could be

444
00:26:33,320 --> 00:26:36,800
Speaker 1: damaging UH to Trump into the White House. From a

445
00:26:36,840 --> 00:26:40,160
Speaker 1: public relations standpoint, not necessary a legal standpoint, I don't

446
00:26:40,200 --> 00:26:42,800
Speaker 1: think that there's much Trump can do to protect from

447
00:26:42,800 --> 00:26:45,320
Speaker 1: a legal standpoint. Now, with all these investigations going on,

448
00:26:45,400 --> 00:26:49,080
Speaker 1: but certainly he can seek to undermine Cohen's credibility in

449
00:26:49,080 --> 00:26:52,280
Speaker 1: the same way that he's attacked Robert Mueller's in the

450
00:26:52,280 --> 00:26:55,879
Speaker 1: credibility of his investigators. It's just, it's just, it's it

451
00:26:56,160 --> 00:26:59,560
Speaker 1: truly is another world over here. Uh. Simply as as

452
00:26:59,800 --> 00:27:03,439
Speaker 1: the the dominating stories uh out of Washington, just so

453
00:27:03,520 --> 00:27:06,840
Speaker 1: heavily focused on on all of the controversies surrounding the president,

454
00:27:06,840 --> 00:27:13,200
Speaker 1: and in fact, House House Majority Leader uh ke Kevin McCarthy,

455
00:27:13,240 --> 00:27:16,679
Speaker 1: he criticized the Democrats for having President Trump's former fixer,

456
00:27:16,760 --> 00:27:20,280
Speaker 1: Michael cohmen testify on Capitol hilp Uh, Derek, in terms

457
00:27:20,480 --> 00:27:25,600
Speaker 1: of what these competing storylines, Uh, did you get the

458
00:27:25,640 --> 00:27:28,880
Speaker 1: sense while you were over here that that the president

459
00:27:29,000 --> 00:27:30,960
Speaker 1: was what had other things on his mind, but that

460
00:27:31,000 --> 00:27:35,480
Speaker 1: he was aware of all of the controversies back home, Kevin,

461
00:27:35,560 --> 00:27:38,640
Speaker 1: and keeping mind, Um, it's important to remember at any

462
00:27:38,640 --> 00:27:42,439
Speaker 1: given point that Donald Trump was elected after all of

463
00:27:42,480 --> 00:27:47,399
Speaker 1: the Republican focus on Hillary Clinton, and and indeed a

464
00:27:47,400 --> 00:27:49,959
Speaker 1: lot of the scrutiny of Trump right now is how

465
00:27:50,040 --> 00:27:51,679
Speaker 1: much he had to do with that, and how much

466
00:27:51,760 --> 00:27:54,560
Speaker 1: Rush I had to do with that, and so Uh,

467
00:27:54,640 --> 00:27:59,040
Speaker 1: Trump understands the idea that legal risk begets political risk.

468
00:27:59,400 --> 00:28:03,639
Speaker 1: And he said flat out that he watched a little

469
00:28:03,640 --> 00:28:07,000
Speaker 1: bit of the Cohen stuff, uh at his at his

470
00:28:07,000 --> 00:28:10,520
Speaker 1: closing press conference, and which which is crazy. Um, he was,

471
00:28:10,640 --> 00:28:13,360
Speaker 1: He's sitting here, biggest thing in the world on foreign affairs,

472
00:28:13,760 --> 00:28:17,280
Speaker 1: and he's listening to hearing twelve hours away. Much more

473
00:28:17,320 --> 00:28:21,080
Speaker 1: on that, much more from Republican Reaction. I'm Kevin Crilli.

474
00:28:21,160 --> 00:28:40,680
Speaker 1: You're listening to sound on. This is Bloomberg Global News

475
00:28:40,760 --> 00:28:43,600
Speaker 1: twenty four hours a day at Bloomberg dot Com, the

476
00:28:43,600 --> 00:28:47,800
Speaker 1: Bloomberg Business app, and TikTok on Twitter. He's a Bloomberg

477
00:28:47,880 --> 00:28:50,680
Speaker 1: Business Lash from Bloomberg World headquarters in New York. I'm

478
00:28:50,720 --> 00:28:53,120
Speaker 1: Doug Krisner, forty five minutes past the hour. Let's get

479
00:28:53,160 --> 00:28:55,080
Speaker 1: you caught up on markets. We had a risk one

480
00:28:55,200 --> 00:28:58,720
Speaker 1: day in the States after the latest reading on manufacturing

481
00:28:58,760 --> 00:29:02,440
Speaker 1: in China kind of mitigated concern over the global outlook.

482
00:29:02,640 --> 00:29:06,160
Speaker 1: We also had improved prospects of a US China trade

483
00:29:06,160 --> 00:29:08,080
Speaker 1: deal the end of the day that that was up

484
00:29:08,160 --> 00:29:10,680
Speaker 1: four tents of one percent. We also had higher long

485
00:29:10,800 --> 00:29:13,320
Speaker 1: term interest rates. The ten year treasury last quoted in

486
00:29:13,400 --> 00:29:16,240
Speaker 1: the yield of two seventy five. So with that back

487
00:29:16,320 --> 00:29:19,920
Speaker 1: up in rates, financial shares benefited and helped to send

488
00:29:19,920 --> 00:29:22,760
Speaker 1: the SMP five hundred higher by seven tenths of one percent.

489
00:29:23,040 --> 00:29:25,840
Speaker 1: In the Nasdaq market, the Composite index was up more

490
00:29:25,880 --> 00:29:28,719
Speaker 1: than eight tents of one percent. Gap shares jump more

491
00:29:28,760 --> 00:29:32,000
Speaker 1: than sixteen percent after the company said it's splitting into

492
00:29:32,080 --> 00:29:37,040
Speaker 1: two independent publicly traded companies. AMC Entertainment gained more than

493
00:29:37,080 --> 00:29:41,920
Speaker 1: fourteen percent after delivering stunning fourth quarter results, fueled in

494
00:29:42,080 --> 00:29:45,719
Speaker 1: part by a record year at the North American box office.

495
00:29:45,960 --> 00:29:48,760
Speaker 1: Amazon jumped nearly two percent after The Wall Street Journal

496
00:29:48,800 --> 00:29:51,760
Speaker 1: said the company is planning to open dozens of grocery

497
00:29:51,800 --> 00:29:55,360
Speaker 1: stores in the US. Kroger on that news was down

498
00:29:55,880 --> 00:29:59,720
Speaker 1: more than four percent, and Tesla weaker by nearly eight percent.

499
00:30:00,120 --> 00:30:03,520
Speaker 1: CEO Elon Musk said the company probably won't post a

500
00:30:03,520 --> 00:30:07,400
Speaker 1: profit in the first quarter as previously expected. Even so,

501
00:30:07,680 --> 00:30:11,840
Speaker 1: Mr Musk said second quarter profitability is likely. You're caught

502
00:30:11,880 --> 00:30:14,480
Speaker 1: up on markets. Back to a special edition of Sound

503
00:30:14,560 --> 00:30:18,680
Speaker 1: On with Kevin Cirilli live from Hanoi, Vietnam. The idea

504
00:30:18,920 --> 00:30:21,440
Speaker 1: that we could not postpone that we could not show

505
00:30:21,480 --> 00:30:25,600
Speaker 1: the rest of the world that America stands together to

506
00:30:25,720 --> 00:30:29,400
Speaker 1: d nuclearize North Korea. I think there was another misstep

507
00:30:29,440 --> 00:30:34,560
Speaker 1: by this majority. That was House Majority Leader Kevin McCarthy

508
00:30:34,800 --> 00:30:40,280
Speaker 1: speaking earlier about the Trump Kim's summit, and in particular

509
00:30:40,640 --> 00:30:44,240
Speaker 1: the just the dizzying array of news stories this week

510
00:30:44,880 --> 00:30:48,920
Speaker 1: from the Michael Cohen testimony, You've got the potentially a

511
00:30:48,960 --> 00:30:52,880
Speaker 1: breakthrough with US China trade talks. Meanwhile, the Canadians are

512
00:30:52,920 --> 00:30:56,320
Speaker 1: moving ahead with the US request to continue an extradition

513
00:30:56,400 --> 00:31:01,080
Speaker 1: case against one of China's top businesses. While a uh,

514
00:31:01,160 --> 00:31:03,000
Speaker 1: their top business. I don't think there's a bigger one

515
00:31:03,320 --> 00:31:07,720
Speaker 1: um an extradition case. I mean, really a dizzying display.

516
00:31:07,720 --> 00:31:10,320
Speaker 1: If all that wasn't enough. The New York Times Maggie

517
00:31:10,320 --> 00:31:15,040
Speaker 1: Haberman scooping this week about how the President was advocating

518
00:31:15,080 --> 00:31:22,520
Speaker 1: personally for Jared Kushner to receive his surveillance national security clearance. Meanwhile, Jared,

519
00:31:22,600 --> 00:31:24,840
Speaker 1: for his part, was over in the Middle East negotiating

520
00:31:24,840 --> 00:31:28,920
Speaker 1: with MBS of Saudi Arabia. It was a NonStop, relentless week.

521
00:31:28,960 --> 00:31:31,240
Speaker 1: I'm still in Hannoy. I haven't even able to get

522
00:31:31,240 --> 00:31:33,360
Speaker 1: back to the States. I'm leaving in a couple of hours,

523
00:31:33,760 --> 00:31:35,440
Speaker 1: Uh and Kim Jong moon is and sad it back

524
00:31:35,480 --> 00:31:39,240
Speaker 1: to North Korea for a sixty hour train ride that

525
00:31:39,280 --> 00:31:43,240
Speaker 1: the Chinese have helped to orchestrate. Josh Green is national

526
00:31:43,240 --> 00:31:46,200
Speaker 1: correspondent for Bloomberg Business Week. He's the author you've probably

527
00:31:46,200 --> 00:31:48,720
Speaker 1: already read it of the number one New York Times bestseller,

528
00:31:48,800 --> 00:31:52,600
Speaker 1: Devil's Bargain? Who was the bandon Trump Book? Great book? Derek,

529
00:31:52,680 --> 00:31:54,960
Speaker 1: he's with us in Washington, d C. Derek Wahbank is

530
00:31:55,000 --> 00:31:58,200
Speaker 1: senior editor for Bloomberg Breaking News in Asia. He's with

531
00:31:58,280 --> 00:32:04,800
Speaker 1: me here in Hannoy and Derek, I we were talking

532
00:32:05,400 --> 00:32:08,720
Speaker 1: earlier about the political lens of this. We just heard

533
00:32:08,720 --> 00:32:13,000
Speaker 1: from Kevin McCarthy who said, you know, why was Michael

534
00:32:13,040 --> 00:32:15,239
Speaker 1: Cohen testifying? I had asked you earlier and I want

535
00:32:15,280 --> 00:32:18,480
Speaker 1: to get more of your thoughts on just the the

536
00:32:18,600 --> 00:32:22,920
Speaker 1: Cohen cloud that was cast over this and the Mueller

537
00:32:22,920 --> 00:32:26,440
Speaker 1: investigation cloud that has been cast over the United States

538
00:32:27,000 --> 00:32:31,400
Speaker 1: at this now in the post world summit. You know, keV,

539
00:32:31,520 --> 00:32:33,960
Speaker 1: I think I think it was overhanging. I mean, look,

540
00:32:34,400 --> 00:32:38,600
Speaker 1: it was totally bizarre, uh, for for Donald Trump at

541
00:32:38,640 --> 00:32:41,440
Speaker 1: a at a press conference after meeting Kim Jong an

542
00:32:41,800 --> 00:32:45,760
Speaker 1: to admit that walking into that meeting, he was thinking

543
00:32:45,800 --> 00:32:48,560
Speaker 1: about something that wasn't the meeting. He actually, if you

544
00:32:48,600 --> 00:32:50,800
Speaker 1: were looking at his tweets, walking into the meeting, he

545
00:32:50,840 --> 00:32:53,960
Speaker 1: was tweeting about a couple of things that had nothing

546
00:32:53,960 --> 00:32:56,280
Speaker 1: to do with North Korea, with Kim Jong and with

547
00:32:56,320 --> 00:32:58,600
Speaker 1: the state of the nuclear world anything like that. It

548
00:32:58,680 --> 00:33:00,760
Speaker 1: was an absolutely bar bizarre thing. But I gotta tell

549
00:33:00,760 --> 00:33:03,360
Speaker 1: you one of the most bizarre things that I saw

550
00:33:03,440 --> 00:33:07,040
Speaker 1: this entire week, this entire week. If you haven't seen it,

551
00:33:07,040 --> 00:33:10,960
Speaker 1: it's because it went viral in South Korea. Um, there

552
00:33:11,040 --> 00:33:13,920
Speaker 1: is a photo of a reporter and I won't name names,

553
00:33:13,960 --> 00:33:18,320
Speaker 1: he really knows him personally, who showed up to him

554
00:33:18,600 --> 00:33:21,320
Speaker 1: to a press conference that was called on like in

555
00:33:21,360 --> 00:33:24,720
Speaker 1: fairness ten minutes notice or fifteen minutes notice with North

556
00:33:24,800 --> 00:33:28,400
Speaker 1: Korean senior leaders and this dude TV reporter, great guy

557
00:33:29,320 --> 00:33:33,160
Speaker 1: in a in a blazer, in under armour shorts and

558
00:33:33,280 --> 00:33:35,960
Speaker 1: you know, Okay, the backstory on this, for what it's worth,

559
00:33:36,640 --> 00:33:40,560
Speaker 1: is there where it's after midnight, I'm doing live shots.

560
00:33:40,600 --> 00:33:43,440
Speaker 1: I I my pants were in overnight laundry. I had

561
00:33:43,480 --> 00:33:45,880
Speaker 1: just gone for a run earlier. I was waiting for

562
00:33:46,000 --> 00:33:50,320
Speaker 1: my pants to be completed. I packed very late when

563
00:33:50,320 --> 00:33:51,560
Speaker 1: I do these trips, so that I don't have to

564
00:33:51,640 --> 00:33:55,080
Speaker 1: check a bag. Next thing, I know, we get word

565
00:33:55,480 --> 00:33:57,320
Speaker 1: that the North Koreans are going to be giving a

566
00:33:57,320 --> 00:33:59,560
Speaker 1: press conference. I don't really care. I mean, this is

567
00:33:59,560 --> 00:34:02,280
Speaker 1: where I'm you know, the TV side. I still have

568
00:34:02,360 --> 00:34:03,880
Speaker 1: some learning to do it, because I was just like,

569
00:34:03,920 --> 00:34:07,800
Speaker 1: you know what, get to that press conference. Josh Green,

570
00:34:08,440 --> 00:34:11,080
Speaker 1: who was always best dressed, probably the best dress reporter

571
00:34:11,120 --> 00:34:14,640
Speaker 1: in Washington. Uh. He is national correspondent for Bloomberg Business Week.

572
00:34:14,680 --> 00:34:18,799
Speaker 1: Thanks for embarrassing me, Derek, I got you. I got you. Uh.

573
00:34:19,120 --> 00:34:22,400
Speaker 1: But let's go back to the politics for a minute.

574
00:34:22,400 --> 00:34:25,600
Speaker 1: In terms of where President Trump goes from here with

575
00:34:25,640 --> 00:34:28,080
Speaker 1: the Mueller investigation. You talked to everyone involved in the

576
00:34:28,160 --> 00:34:32,239
Speaker 1: Mueller investigation world. What's your what's your sense really of

577
00:34:32,239 --> 00:34:35,560
Speaker 1: where we're headed from here? Well, everyone is waiting with

578
00:34:35,600 --> 00:34:38,040
Speaker 1: bated breath for for Mueller to drop the report. And

579
00:34:38,080 --> 00:34:40,000
Speaker 1: there was there was some scuttle but a week or

580
00:34:40,000 --> 00:34:42,520
Speaker 1: so ago that it might be coming this week. Um,

581
00:34:42,600 --> 00:34:45,400
Speaker 1: we heard no, it it's not. And so now the

582
00:34:45,480 --> 00:34:47,840
Speaker 1: kind of uh, you know, the weight for Mueller is

583
00:34:47,880 --> 00:34:50,600
Speaker 1: back on. At some point in the fairly near future.

584
00:34:50,680 --> 00:34:54,240
Speaker 1: The expectation is that that report is going to drop

585
00:34:54,520 --> 00:34:58,680
Speaker 1: not to the public, to to Attorney General William Barr uh,

586
00:34:58,719 --> 00:35:00,560
Speaker 1: you know. And in that point, it looks like there's

587
00:35:00,560 --> 00:35:03,479
Speaker 1: gonna be a big fight about what, whether or how

588
00:35:03,560 --> 00:35:05,680
Speaker 1: soon the public gets to see what's in that report.

589
00:35:05,719 --> 00:35:08,560
Speaker 1: And that that is really the um you know, eight

590
00:35:08,960 --> 00:35:13,200
Speaker 1: pound gorilla hanging over all of US politics. Uh, an

591
00:35:13,200 --> 00:35:16,200
Speaker 1: even bigger story than Cohen's testimony, than the Hannoise summit

592
00:35:16,239 --> 00:35:18,359
Speaker 1: and everything else going on. That's that's that's the main

593
00:35:18,400 --> 00:35:21,000
Speaker 1: event that everybody's waiting for, the super bowl of Trump's

594
00:35:21,440 --> 00:35:24,200
Speaker 1: third year, if you will. And Josh, I mean, and

595
00:35:24,239 --> 00:35:26,759
Speaker 1: no guarantees, I mean, we we think we're gonna get

596
00:35:26,760 --> 00:35:28,799
Speaker 1: this investigation wrapped up by the end of the year,

597
00:35:28,800 --> 00:35:33,160
Speaker 1: but it feels like that deadlines been pushed and pushed back. Uh.

598
00:35:33,200 --> 00:35:36,840
Speaker 1: The Democrats, I was, I was rereading Speaker Nancy Pelosi's

599
00:35:36,840 --> 00:35:39,160
Speaker 1: interview with Rolling Stone from a from a couple of

600
00:35:39,400 --> 00:35:46,320
Speaker 1: weeks back, and it's fascinating to watch how Democrats are

601
00:35:46,320 --> 00:35:50,319
Speaker 1: really united. But but there's nuance in their in their unity,

602
00:35:50,480 --> 00:35:53,319
Speaker 1: especially when it comes to something like Bob Muller, you know,

603
00:35:53,719 --> 00:35:58,080
Speaker 1: The issue of impeachment is something that there are lawmakers

604
00:35:58,080 --> 00:36:00,799
Speaker 1: out there who are calling for impeachment. There are progressive

605
00:36:00,840 --> 00:36:04,600
Speaker 1: donors who have organized for there to be impeachment. But

606
00:36:04,840 --> 00:36:07,160
Speaker 1: Speaker Pelosi is holding firm and she's she said, we

607
00:36:07,239 --> 00:36:10,359
Speaker 1: gotta wait until the Mueller investigation. Do you think she

608
00:36:10,400 --> 00:36:15,960
Speaker 1: can can hold to that well so far? I I

609
00:36:16,040 --> 00:36:19,279
Speaker 1: think what she has arranged as a kind of temporary

610
00:36:19,440 --> 00:36:25,600
Speaker 1: detent between the you know, aggressive liberals, especially members of

611
00:36:25,640 --> 00:36:28,440
Speaker 1: the new Democratic House class, who are ready to get

612
00:36:28,480 --> 00:36:32,120
Speaker 1: going with impeachment right away, and the rest of her caucus,

613
00:36:32,239 --> 00:36:35,839
Speaker 1: which either think it's premature before the Mueller report comes out,

614
00:36:36,280 --> 00:36:38,319
Speaker 1: or if they're from a purple or red district, may

615
00:36:38,320 --> 00:36:42,120
Speaker 1: not be eager to go galloping off in that direction anyway. Um,

616
00:36:42,160 --> 00:36:44,520
Speaker 1: this is something that that that Pelosi has been able

617
00:36:44,520 --> 00:36:47,719
Speaker 1: to hold together until now. I think one effect of

618
00:36:47,760 --> 00:36:50,320
Speaker 1: the Mueller Report's release, if in fact it is released

619
00:36:50,320 --> 00:36:52,920
Speaker 1: to the public, is that it's going to put enormous

620
00:36:52,960 --> 00:36:58,839
Speaker 1: pressure on Nancy Pelosi to move forward with uh impeachment proceedings,

621
00:36:58,960 --> 00:37:00,960
Speaker 1: and and that that that's gonna be tough. We don't

622
00:37:01,000 --> 00:37:03,120
Speaker 1: know what's in the report. I'm gonna go out on

623
00:37:03,160 --> 00:37:06,359
Speaker 1: a limb and assume that it's not a wholesale vindication

624
00:37:06,560 --> 00:37:09,000
Speaker 1: of of President Trump. It's not gonna give him a

625
00:37:09,040 --> 00:37:11,560
Speaker 1: clean slate. And therefore, I think a lot of Democrats

626
00:37:11,640 --> 00:37:15,600
Speaker 1: are going to see cause and reason um to proceed

627
00:37:15,680 --> 00:37:19,000
Speaker 1: with with with impeachment hearings. And it's something that Democrats

628
00:37:19,040 --> 00:37:23,439
Speaker 1: are going to have to wrestle with whether, based on

629
00:37:23,640 --> 00:37:26,759
Speaker 1: Mueller's findings, that there really does turn out to be

630
00:37:26,840 --> 00:37:29,680
Speaker 1: momentum in kind of the broad mainstream of the Democratic

631
00:37:29,719 --> 00:37:32,640
Speaker 1: Party and the Democratic electorate, the grassroots voters to go

632
00:37:32,719 --> 00:37:36,000
Speaker 1: forward with this, or whether it remains something that's pretty

633
00:37:36,080 --> 00:37:40,360
Speaker 1: much contained among the more progressive and aggressive members of

634
00:37:40,360 --> 00:37:42,640
Speaker 1: the House as it is right now. And it's not

635
00:37:42,719 --> 00:37:45,040
Speaker 1: just it's not just the issue of impeachment, it's also

636
00:37:45,040 --> 00:37:47,480
Speaker 1: in policy. And Josh even really following the rise of

637
00:37:47,520 --> 00:37:53,279
Speaker 1: Congresswoman Alexandria Acasio Cortez, a Democrat, I like why she's

638
00:37:53,280 --> 00:37:56,160
Speaker 1: a Democrat from New York. And Mike Vice President Mike

639
00:37:56,239 --> 00:37:58,520
Speaker 1: Pence is over at sea pack which you kicked off

640
00:37:59,120 --> 00:38:01,319
Speaker 1: I believe yesterday, but he was speaking at seed Back.

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Speaker 1: Take a listen to what the Vice President had to

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Speaker 1: say about the Green New Deal. The only thing green

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Speaker 1: about the so called Green New Deal is how much

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Speaker 1: green it's gonna cost taxpayers if these people ever pass

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Speaker 1: it into law. So, Josh, Republicans are trying to turn

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Speaker 1: AOC into the face of the Democratic Party. Yeah, they

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Speaker 1: really have. You know, it's fascinating. I was. I was

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Speaker 1: over at the Trump Hotel for a book party a

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Speaker 1: couple of months ago, and then at dinner. Uh and

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Speaker 1: and also had a drink with a group of Republican

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Speaker 1: strategists I saw there in the lobby and uh, you know,

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Speaker 1: this was right after the midterm elections. And no, it

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Speaker 1: was Stephen Moore's book, The Trump and Omics. Uh And

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Speaker 1: yet at every Republican gathering, the topic of conversation was

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Speaker 1: not Nancy Pelosi, who was in the midst of a

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Speaker 1: speaker's race. Then it was not Hillary Clinton the favorite

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Speaker 1: subject um uh, you know of Republican ankst going back,

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Speaker 1: going back decades, it was it was AOC as she is,

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Speaker 1: as she is known in Washington, and uh, you know,

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Speaker 1: she's just sort of taken a central place in the

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Speaker 1: conservative imagination. As anybody who turns on Fox News, it

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Speaker 1: goes to seapack. This week is going to see. And

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Speaker 1: it's interesting she she has had an outsized effect not

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Speaker 1: only on the political debate among Democrats, you know, all

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Speaker 1: of a sudden presidential races focused on her Green New Deal,

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Speaker 1: but also among Republicans who, for various reasons just seemed

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Speaker 1: to be fixated on her. Uh. And I think view

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Speaker 1: her in her her political extremity, the fact that she's

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Speaker 1: a democratic socialist as a cudgel with which they can

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Speaker 1: go after other more mainstream democrats, especially the emerging presidential field.

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Speaker 1: Josh Green, national correspondent for Bloomberg Business Week and New

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Speaker 1: York Times bestselling author of The Devil's Bargain, joining us

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Speaker 1: for the hour. Also Derek Wallbank here with me and Hannoi,

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Speaker 1: senior editor for Bloomberg Breaking News in Asia. Quickly, what

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Speaker 1: was your like? Quick? Quick? What we is your highlight

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Speaker 1: for the week? Uh? keV I think yuh. I think

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Speaker 1: my absolute highlight is is you know, look, this was

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Speaker 1: the world stage. It came here and my biggest my

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Speaker 1: biggest highlight. Three questions the American press, including boom Bloomberg's

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Speaker 1: Margaret Talive put to Kim Jong un and got answers

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Speaker 1: on the world stage, and then North Korea held a

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Speaker 1: press conference afterwards. It's showing there's a shift in North

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Speaker 1: Korea for the first time. North Korea very obviously and

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Speaker 1: evidently cares what people think, all right, big thanks to

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Speaker 1: Matt Burley who helped organize this, Raggie basio, Caroline O'Brien,

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Speaker 1: uh and Bob Bragg in New York, and of course

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Speaker 1: Christine Barrata, our producer. That's it for me and hell

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Speaker 1: Nois and Hannoy. I'm Kevin's really heading back to the

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Speaker 1: States in just a few hours. Check us out on iTunes.

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Speaker 1: You're listening to sound on This is Bloomberg