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Speaker 1: Global business news twenty four hours a day at Bloomberg

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Speaker 1: This is a Bloomberg Business Flash and I'm Karen Moscow.

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Speaker 1: This updates brought to you by Eisner Amper. When entrepreneurs

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Speaker 1: are rallying, emerging market currencies rising, in crude oil climbing

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Speaker 1: after investors across Asia responded favorably to stimulus in China.

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Speaker 1: To check the markets every fifteen minutes throughout the trading day.

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Speaker 1: On Bloomberg SNP EVENI futures of fifteen points, Dow EMNI

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Speaker 1: futures have a hundred nineteen. NASA documuny future is up

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Speaker 1: thirty two. The decks in Germany's up one and a

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Speaker 1: half percent. Tend your treasury down four thirty seconds. The

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Speaker 1: yelled one point seven five percent. Nimex crude oil up

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Speaker 1: one point seven percent, or fifty seven cents to thirty

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Speaker 1: four thirty two. A barrel Gomex gold up to night

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Speaker 1: ten per cent or eleven dollars to twelve forty five

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Speaker 1: forty announced the Euro at a dollar eight seven five,

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Speaker 1: the En one thirteen point oh six. And that's a

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Speaker 1: Bloomberg business flash. Tom and Mike Karen, thank you very much.

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Speaker 1: Time now for the Bloomberg n j I T STEM Report,

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Speaker 1: brought to you by New Jersey Institute of Technology, partnering

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Speaker 1: with government and industry to apply the university's world class

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Speaker 1: research assets to innovate and spur economic growth. Learn more

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Speaker 1: at n j I T dot a d U. Here's

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Speaker 1: Bob move, Michael, thank you. In good morning, Here's what's

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Speaker 1: making news in science, Technology, engineering, and math. Attorney General

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Speaker 1: Laura Lynch is holding out an olive branch to technology companies,

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Speaker 1: calling for a fruitful partnership to resolve the dispute over

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Speaker 1: smartphone encryption that's driven a wedge between u S security

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Speaker 1: agencies and company executives. Lynch makes the call in prepared

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Speaker 1: remarks for the r s A Cybersecurity conference in San

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Speaker 1: Francisco today. It's one of the biggest business events for

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Speaker 1: the security industry. Lynch urges an open dialogue that allows

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Speaker 1: both sides to hear each other's concerns. And learn from

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Speaker 1: each other's perspectives. She's likely to get an hairful from

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Speaker 1: the technology companies. The president of our s, A, the

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Speaker 1: computer and network security company that puts on the conference, says,

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Speaker 1: government officials are looking through a very narrow and myopic

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Speaker 1: lens with the man's to compromise encryption. That's this morning's

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Speaker 1: Bloomberg n G I t STEM report. Michael, Thank you, Bob.

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Speaker 1: Coming up this afternoon on Bloomberg Television at four o'clock

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Speaker 1: Attorney General Loretta Lynch. You'll want to watch that. And

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Speaker 1: also here on Bloomberg Surveillance, we'll be talking with a

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Speaker 1: member of the Judiciary Committee who will be hearing from

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Speaker 1: both sides in the Apple dispute today. Congressman Tom Marino

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Speaker 1: eight thirty time Michael McKay and Tom Keane in support

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Speaker 1: of Bloomberg FM Washington Super Tuesday. We are at our

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Speaker 1: wonderful News Bureau in Washington. He won an election on

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Speaker 1: November eighth with thirty five percent of the vote. No,

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Speaker 1: it's not Continental Europe. It's Maine. His name is Angus King.

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Speaker 1: He's a Senator from Maine and he is decidedly an independent.

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Speaker 1: I think Senator King there's no one I'd rather talk

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Speaker 1: to today than you. Is our two party system at risk?

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Speaker 1: That's the money question. I just want to know how

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Speaker 1: our two party system moves forward after what we've seen. Well,

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Speaker 1: I think it is. I mean, I think I think

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Speaker 1: what we're seeing today is a a disaffection from government

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Speaker 1: itself and certainly from the parties. Uh. There's a growing

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Speaker 1: number of people that just aren't affiliated, and I think

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Speaker 1: particularly young people. It's you know, it's interesting both Donald

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Speaker 1: Trump and Trump and Bernie Sanders are bringing new people

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Speaker 1: into these uh into these primaries. But whether they have

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Speaker 1: any allegiance or connection long term to one of the parties,

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Speaker 1: I think is a very open question. I want to

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Speaker 1: get to some of the issues facing the Senate in

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Speaker 1: just a second, but as long as Tom brought up

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Speaker 1: this idea, can I ask this. We have seen talk

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Speaker 1: of wealthy Republican donors, if they don't like the nominee,

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Speaker 1: trying to finance any dependent campaign, and obviously there have

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Speaker 1: been talk of other people uh self funding their own

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Speaker 1: independent campaigns, as somebody who ran as an independent and

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Speaker 1: got elected cannot work at a national level. Well, they're

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Speaker 1: they're tremendous, uh, sort of logistical challenges. The first is

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Speaker 1: getting on the ballot in all fifty states. Uh. That's

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Speaker 1: a very very expensive proposition, and the time is running

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Speaker 1: short to to do that just as a as a

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Speaker 1: legal and practical matter. But uh, you know, I wouldn't

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Speaker 1: rule it out. I mean when I ran for governor

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Speaker 1: of Maine, by the way, I did win my later

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Speaker 1: elections by a little bit more than that one percent

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Speaker 1: that you mentioned your give me give you a break,

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Speaker 1: but uh, uh, you know, it's it's a it's very

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Speaker 1: tough because you have to go state by state. You've

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Speaker 1: got the electoral college. Uh, and you've got all the

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Speaker 1: states essentially except from one or two main being one

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Speaker 1: of them are winner. Take also, if you get one

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Speaker 1: third plus one in Ohio, for example, you get all

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Speaker 1: of Ohio's electoral vote. So it's really not impossible. But

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Speaker 1: it is a tall order. But you know, uh, this

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Speaker 1: maybe a year when when people are looking for for

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Speaker 1: a third option, I think of your courage to run

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Speaker 1: or you know, years ago Low Liker of Connecticut and

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Speaker 1: others that have taken a singular road. And one of

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Speaker 1: the greatest assumptions, particularly from elites, is the reason independence

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Speaker 1: do well as the voters are uninformed about civics, uninformed

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Speaker 1: about politics. I've heard that this time around. Is this

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Speaker 1: an America dumber about politics and civics? Or do we

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Speaker 1: underestimate America's sophistication to make a political decision? Well, I

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Speaker 1: I think you know, I could argue it's the opposite,

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Speaker 1: that that people are fed up and they have every

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Speaker 1: right to be that. Uh, that a vote uh, outside

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Speaker 1: of what the conventional political parties and and program is

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Speaker 1: giving them is not an irrational choice. Now, they may

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Speaker 1: not be particularly well informed on any given issue, but

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Speaker 1: the instinct is that the system isn't working and uh,

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Speaker 1: there needs to be a change. Uh. And and in

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Speaker 1: fact that's how I won. You had a strong Democratic

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Speaker 1: Republican Republican candidate and I ran as a business guy,

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Speaker 1: an outsider, and uh one is very close election. But

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Speaker 1: I think that I think you can argue it both ways.

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Speaker 1: But I think part of it is whether they are

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Speaker 1: sophisticated on the particular issues. Uh may or may not

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Speaker 1: be true, but they know something's wrong and they want

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Speaker 1: to try to change it. They may have they may

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Speaker 1: be they may not have the right solution. Uh, But

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Speaker 1: anybody that argues that our political system is is hunky

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Speaker 1: dorry these days. Isn't living on the same planet. All

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Speaker 1: you have to do to ratify that is look at

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Speaker 1: the fight over the Supreme Court. How how is this

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Speaker 1: going to leave the Senate when we are finished with

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Speaker 1: this debate? If the President nominates somebody and the Republicans

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Speaker 1: just ignore him, it's going to become even more polarized. Sure,

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Speaker 1: and you use the key word, which is debate right now,

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Speaker 1: the Republican position is there will be no debate, And

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Speaker 1: I just I can't really figure out that from either

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Speaker 1: a policy or a political point of view. Uh. There

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Speaker 1: are lots of terms and phrases in the Constitution we

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Speaker 1: can argue about. People can write law review articles about

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Speaker 1: what this or that uh sentence means. But the word

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Speaker 1: for the number four and the words shall are not

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Speaker 1: among those uh those unclear provisions. The president term is

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Speaker 1: four years, not three years in one month. And the

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Speaker 1: Constitution and article to section two says the President shall

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Speaker 1: nominate with advice and consent of the Senate, UH, members

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Speaker 1: of the Supreme Court. He has to do this, it's

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Speaker 1: a constitutional duty. Some of the same people who are

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Speaker 1: saying he shouldn't do it. Are the same people that's

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Speaker 1: saying this guy doesn't follow the constitution. I think he

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Speaker 1: has a constitutional duty. Now, the Senate doesn't have a

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Speaker 1: constitutional duty to approve, but I think it does have

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Speaker 1: a constitutional duty to at least go through the process

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Speaker 1: hold of hearing me the nominee, look at their views

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Speaker 1: and take a vote to to just stone wall. The

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Speaker 1: whole process. I I just find uh, it was, uh,

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Speaker 1: you know, just doesn't make any sense. Well from the

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Speaker 1: cynical Americans point of view, would Democrats be doing the

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Speaker 1: same thing if there were a Republican in the White House?

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Speaker 1: Well there, you know, they're everybody's got quotes. You can

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Speaker 1: find quotes on both sides, Joe Biden and Chuck Schumer

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Speaker 1: in two thousand and seven. They're all kinds of quotes

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Speaker 1: from Chuck Grassley and Mitch McConnell on the other side

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Speaker 1: saying we've got to do this. Yeah. Sure, there's some

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Speaker 1: of that, but I don't think I don't think there's

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Speaker 1: historical precedent for not even taking up a nomination, which

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Speaker 1: would essentially leave the Court without a ninth judge for

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Speaker 1: two terms, with the mainder of this term and realistically

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Speaker 1: into the late spring of next year, so I don't

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Speaker 1: think there's much precedent for that. And like I say,

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Speaker 1: I'm not arguing that anybody should vote for against. We

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Speaker 1: don't even know who the nominee is, which it layers

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Speaker 1: another level of ridiculousness to this to say I'm opposed

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Speaker 1: to the nominee when we don't know who it is.

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Speaker 1: It might be a combination of Aristotle, Thomas Jefferson and St.

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Speaker 1: Thomas Aquinas Senator King and your family survived as we

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Speaker 1: know it. You took a road trip across America fifteen

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Speaker 1: thousand miles thirty three states. Is Secretary Clinton or Mr

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Speaker 1: Trump or to leave scenic Brunswick, manor wherever and start

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Speaker 1: driving across this country? What would be your counsel for

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Speaker 1: them to look for? What would they need to observe

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Speaker 1: on a thirty three state road trip like you took. Well,

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Speaker 1: I think the council of the first piece of advice

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Speaker 1: would be don't have an itinerary and keep your eyes

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Speaker 1: and ears open. In other words, uh, you can miss

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Speaker 1: You can miss a trip by focusing too much on

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Speaker 1: the trip. Uh. We went. We had no plan, no

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Speaker 1: itinerary except a vague one that we were going to

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Speaker 1: circumnavigate the country, but we went according to what the

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Speaker 1: weather was, and what we found was a couple of things.

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Speaker 1: There's interesting and important things going on everywhere. You could

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Speaker 1: throw a dart at the map and find cool stuff.

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Speaker 1: And secondly, the problems that I thought as this trip

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Speaker 1: that you allude to, was the day after I left

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Speaker 1: offices eight years of governor Maine. I thought that our

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Speaker 1: problems were unique in Maine, and you know, nobody else

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Speaker 1: was really dealing And I found out that they're virtually

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Speaker 1: the same everywhere. Their variations, of course, but the same

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Speaker 1: kinds of issues are going around around the country. So

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Speaker 1: if if one of those folks decided to take a

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Speaker 1: road trip, I would say, uh uh, don't have too

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Speaker 1: much of a plan, don't over schedule, and keep your

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Speaker 1: eyes and ears open. Senator, Well, thank you so much,

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Speaker 1: generous of you to be with us today. Angus King

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Speaker 1: as the independent Senator from the state of Maine. Futures

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Speaker 1: up sixteen DAL Futures Up A hundred and twenty two.

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Speaker 1: Michael McKee and Tom Kennan support of nine FM Washington

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Speaker 1: stay with us