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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: You're listening to the Bloomberg Balance of Power podcast. Catch

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Speaker 2: us live on YouTube.

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Speaker 4: With a very important conversation with the chairman on this

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Speaker 4: GDP day. The headline, as I mentioned, US economy grew

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Speaker 4: faster than expected last quarter on firm demand. And so

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Speaker 4: we turned to the chairman, Jared Bernstein, live from the

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Speaker 4: White House, of course, Chair of the White House Council

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Speaker 4: of Economic Advisors. Mister chairman, welcome back to Bloomberg Radio.

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Speaker 4: It's great to see you and appreciate the time here.

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Speaker 4: This is a beautiful headline for you. The first word

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Speaker 4: I heard in the newsroom when I walked in this

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Speaker 4: morning was goldilocks. But then I talked to Stuart Paul

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Speaker 4: at Bloomberg Economics and he says, but Joe, it says

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Speaker 4: all about inventory rebuilding, that this is their one time

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Speaker 4: factors prices went up a little bit. You need to

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Speaker 4: slow the enthusiasm, and so I ask you, Jared, how

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Speaker 4: we should be interpreting these data.

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Speaker 5: Well, it's a great question. First of all, always great

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Speaker 5: to be with you, Joe. You don't want to overtrqu

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Speaker 5: or over index on any one report. And so what

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Speaker 5: we did here at the Council of Economic Advisors, and

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Speaker 5: you can see the blog on our website, is we

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Speaker 5: looked at where GDP has gone since President Biden took

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Speaker 5: office in comparison to a couple of prominent forecasts, and

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Speaker 5: it just kept our GDP path just kept beating the forecast.

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Speaker 5: You well remember predictions that we would be in a

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Speaker 5: recession or a deep recession by now, and yet the

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Speaker 5: strong labor market, strong consumer spending, and in this report,

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Speaker 5: you know, some really nice business investment. So I take

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Speaker 5: the point about inventory. It's the most volatile component of

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Speaker 5: the report. But even if you shave those by half,

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Speaker 5: you still beat expectations.

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Speaker 4: Solid report, solid report, And it adds to the mosaic here.

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Speaker 4: If I can use that term that we're seeing as

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Speaker 4: a potential soft landing.

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Speaker 6: You know, it's my job. I've been asking you this

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Speaker 6: for a year.

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Speaker 4: I think I'm a monthly if this is it, and

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Speaker 4: it sure feels like it, Jared, am I wrong?

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Speaker 5: Well, I think that the way to look at that

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Speaker 5: question is from the perspective of where we are and

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Speaker 5: where we are about where we're going. So where we

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Speaker 5: are is we have a job market that has almost

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Speaker 5: since this president has gotten here, since it was such

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Speaker 5: a strong intention of his to get back to full

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Speaker 5: employment as soon as possible, that has consistently, persistently been

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Speaker 5: by in the neighborhood of full employment, and as inflation

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Speaker 5: has eased, that generates real wage gains, that supports strong

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Speaker 5: consumer spending about sixty eight percent of our GDP. So

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Speaker 5: underlying this report, this is kind of my sane point

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Speaker 5: about not you don't have to overtorque on one report

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Speaker 5: as significant as a beat as it is to understand

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Speaker 5: the fact that we have some very nice momentum, a

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Speaker 5: kind of a perpetual motion forward kind of story with

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Speaker 5: strong labor market, easing prices, real wage gains, real incomes rising,

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Speaker 5: feeding into good consumer spending that in turn helps to

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Speaker 5: get investors back into the act. And I do think

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Speaker 5: that that is very much the characteristic of a steady, solid,

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Speaker 5: ongoing recovery. Call it whatever you want, but that's the

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Speaker 5: way I would take it.

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Speaker 4: Yeah, Well, but it kind of sounds like it, although

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Speaker 4: I will ask you about government spending jared quite a bit,

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Speaker 4: contributing more here to GDP compared to the first three

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Speaker 4: months of the year. Defense spending a big part of it,

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Speaker 4: helped to offset lower residential investment.

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Speaker 6: Is that sustainable?

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Speaker 5: I think when you're talking about sustainability and government spending,

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Speaker 5: you're really not talking about a month or a quarter

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Speaker 5: or even a year. You're talking about the long term.

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Speaker 5: I mean, the sustainability question in the near term is

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Speaker 5: really a question of how liquid is the market for borrowing,

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Speaker 5: for selling government bonds, and you know the auction You

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Speaker 5: look at the auctions, look at the bid covers, and

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Speaker 5: you know you see that those are still very robust,

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Speaker 5: and that there's a persistent and deep global demand for

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Speaker 5: US debt. That's all great, but the sustainability question asks

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Speaker 5: what about over the long term if outlays continue to

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Speaker 5: outrun receipts revenues Eventually, that arithmetic can be extremely constricting,

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Speaker 5: especially if you believe we're in somewhat of a higher

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Speaker 5: interest rate environment, so that debt service is pressured. And

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Speaker 5: that's why our budget in the long term over ten years,

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Speaker 5: has very significant deficit reduction based on both revenue and

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Speaker 5: increases to the very top of the scale and cutting spending.

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Speaker 5: So I think the sustainability question is a longer term question.

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Speaker 5: You have to address it. Our budget does that, but

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Speaker 5: we need Congress to work with us on it.

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Speaker 6: Well, yeah, Jared, they just went home.

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Speaker 4: I'm trying to figure out the next move here, because

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Speaker 4: they're going to come back in September. We're going to

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Speaker 4: be talking about the potential for a government shutdown all

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Speaker 4: over again. History repeats itself. How should we be preparing

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Speaker 4: ourselves for this?

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Speaker 5: It's a great It's a really great point. I mean,

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Speaker 5: just well, Jared, they just went home kind of says

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Speaker 5: a lot, right, because you're like, I'm telling you a

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Speaker 5: very clear arithmetic way forward here. You know, this is

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Speaker 5: not rocket science. It's it's bluses and minuses, you know,

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Speaker 5: with some interest rates and some compounding thrown in. And

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Speaker 5: if people are not going to if members of policy

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Speaker 5: makers are not going to take this seriously, of course

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Speaker 5: we're going to have a problem. Look. I am not

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Speaker 5: going to get political here because that's not my job.

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Speaker 5: But I do think that people who are concerned about

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Speaker 5: this should look at the record and at the budget

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Speaker 5: of what people are proposing. Now, you know, we know

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Speaker 5: that the guy we're running against wants to pass an

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Speaker 5: unfunded five trillion dollar tax cut, and you know we

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Speaker 5: know that the the other side, the Republicans, have you

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Speaker 5: signed pledges never to raise revenues and the only spending

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Speaker 5: they've cut has been in some very narrow areas. So again,

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Speaker 5: I think, look to the budgets and you get a

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Speaker 5: sense of who's serious and who isn't.

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Speaker 4: You know, I've been asking you for months and months

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Speaker 4: a couple of years, I guess, Jared about what the

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Speaker 4: economy would look like for Joe Biden in a second term.

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Speaker 6: I can't ask you that anymore.

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Speaker 4: But when you look at the trajectory of data here,

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Speaker 4: I want to ask you what the Fed's going to

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Speaker 4: be doing.

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Speaker 6: But if you.

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Speaker 4: Map this out six to nine months, Kamala Harris is

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Speaker 4: the next president, what will she be inheriting?

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Speaker 5: Well, I think one answer to that is to look

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Speaker 5: at a document that probably hasn't gotten a lot of attention,

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Speaker 5: which is the Session Review that we published last Friday,

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Speaker 5: because that has our forecast in it. It's nothing revolutionary.

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Speaker 5: It's pretty much a similar forecast. If you looked at

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Speaker 5: blue chip or CBO for that matter. A few differences

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Speaker 5: here and there, but that's our answer to that question,

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Speaker 5: and it says pretty much, you know, what you're seeing

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Speaker 5: now steady stable growth around inflation back to something that

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Speaker 5: looks like the target. And it's that latter part that's

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Speaker 5: so important. You know, I'm giving a speech next week

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Speaker 5: where I'm going to focus on the almost round trip

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Speaker 5: of inflation, the fact that inflation, you know, went up

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Speaker 5: to peak at nine plus percent in June of twenty two,

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Speaker 5: we're now looking at three percent year over year. We'll

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Speaker 5: learn more about PC inflation tomorrow, but you know, if

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Speaker 5: you listen to the language of the FED, they're pretty

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Speaker 5: much telling you that they view themselves on their way

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Speaker 5: back to the target and that the kind of pause

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Speaker 5: in disinflation that characterized Q one seems to be largely

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Speaker 5: behind us, and that the forces of disinflation are in

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Speaker 5: play again. And I think that's key for the economy,

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Speaker 5: that a President Harris would inherit one where inflation was

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Speaker 5: was back down. And some of the factors that that

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Speaker 5: led to the to the high inflation, particularly UH snarled

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Speaker 5: supply chains and and misalignments of that type relative pandemic

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Speaker 5: are solidly behind us.

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Speaker 6: Pretty remarkable answer, Jared.

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Speaker 4: So the timing sounds like it could be impeccable for

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Speaker 4: a Kamala Harris presidency if she wins on target. Is

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Speaker 4: what you're saying. I know your time is tight. I

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Speaker 4: want to ask you about let's go ahead.

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Speaker 5: I think that you know, every forecast has a confidence

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Speaker 5: interval around it, but that is I think that is.

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Speaker 5: I think the you know, the central the central forecast.

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Speaker 4: Yeah, I love that term confidence interval. Joe Biden spoke

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Speaker 4: to the nation last evening. Jared, you've known him for

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Speaker 4: a really long time. Wee at the White House last night.

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Speaker 4: How did you watch the speech?

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Speaker 5: Yeah? I was around and extremely moving. And you're right,

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Speaker 5: I've been close to the president for decades. The guy

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Speaker 5: we saw last night is the guy I've known and

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Speaker 5: loved for a long time. It's been an absolute it

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Speaker 5: continues to be an absolute honor to work with him,

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Speaker 5: and I should tell you that the message from him

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Speaker 5: to our team is we are not done, folks. We

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Speaker 5: got six months of work to do under this president

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Speaker 5: where we're going to continue delivering for the American people.

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Speaker 5: So you know, my shirt sleeves remain rolled up.

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Speaker 4: That would imply then that you are confident he can

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Speaker 4: finish the job. You see him and talk to him

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Speaker 4: more than most Americans.

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Speaker 5: Oh, unquestionably he is. He is ready to get back

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Speaker 5: to work. He's here, he's meeting today as you just

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Speaker 5: discussed foreign leaders and on the economy. I know he

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Speaker 5: liked that GDP report, so he and I'll have more

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Speaker 5: to say about that, and he is. As I said,

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Speaker 5: our marching orders are very clear. We're going to keep

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Speaker 5: building on the progress we've made thus far. We've got

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Speaker 5: a great GDP report, we have inflation coming down, sixteen

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Speaker 5: million jobs and counting manufacturing domestic. You know, one of

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Speaker 5: the message from him is implement, implementation. Implementing the Infrastructure Act,

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Speaker 5: the Chips Act, the Inflation Reduction Act. That's real work.

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Speaker 5: And Biden has always been an implementation guy. He is

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Speaker 5: not a president who says, sign the bill and let's

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Speaker 5: move on. He wants to make sure that what we

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Speaker 5: said we're going to do for the American people is

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Speaker 5: what we're going to do. So our work is still

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Speaker 5: cut out for us.

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Speaker 4: You know, we talk about good news and bad news, Jerry,

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Speaker 4: but it always means a lot to us to get

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Speaker 4: some time with you.

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Speaker 6: We appreciate it very much.

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Speaker 4: Jared Bernstein, chairs the White House Council of Economic Advisors

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Speaker 4: and one of Joe Biden's closest advisors certainly.

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Speaker 6: When it comes to the economy. Thank you. As always.

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Speaker 2: You're listening to the Bloomberg Balance of Power podcast kens

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Speaker 7: Back alongside Joe Matthew here in Washington, where it's been

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Speaker 7: a busy week, to say the least, a week that

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Speaker 7: started Sunday with the announcement that Joe Biden was no

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Speaker 7: longer seeking re election to a second term, something that

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Speaker 7: he formally announced to the nation in an address from

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Speaker 7: the Oval Office in prime time last night. But if

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Speaker 7: you were looking for an explanation as to why exactly

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Speaker 7: he did this, what convinced him to leave the race,

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Speaker 7: you may not have gotten that answer, But we did

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Speaker 7: get this.

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Speaker 8: I've decided the best way forward is the past, the

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Speaker 8: torch for a new generation that's the best way to

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Speaker 8: unite our nation. You know, there is a time and

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Speaker 8: a place for long years of experience in public life.

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Speaker 8: There's also a time and a place for new voices,

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Speaker 8: fresh voices, Yes, younger voices.

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Speaker 4: Of course, one of those voices belonging to Kamala Harris,

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Speaker 4: and we'll be talking a lot more about her campaign.

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Speaker 6: They're out with their.

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Speaker 4: First video today, with questions about why they're not up

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Speaker 4: on the air even though it's been only three days,

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Speaker 4: But we want to stick with this for one moment.

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Speaker 4: While it may have been anti climactic several days after

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Speaker 4: Joe Biden sent the letter stating his intentions, last evening

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Speaker 4: was important and we're joined to talk about it. By

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Speaker 4: Josh Wingrove Bloomberg, White House correspondent, Josh, it's great to

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Speaker 4: have you. He's spent only eleven minutes talking to the

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Speaker 4: American people. Give us a sense of what went into

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Speaker 4: this speech. There were a lot of questions to Kayley's point.

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Speaker 4: I think about why he didn't speak to the actual

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Speaker 4: reason why he was leaving this race. Did they think

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Speaker 4: they did a good job, did they get their job

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Speaker 4: done through the eyes of the administration.

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Speaker 9: Biden like talking to historians, and one of them helped

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Speaker 9: them write his speech last night. I think that helps

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Speaker 9: frame where.

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Speaker 6: They were at.

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Speaker 9: This felt like a capstone for him. A couple hundred

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Speaker 9: staff poured into the residents to watch it, some of

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Speaker 9: them teary eyed, and they gave a big, raw roth

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Speaker 9: thing in the Rose Garden afterwards. It felt like a goodbye,

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Speaker 9: felt like a retirement party at the White House. So

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Speaker 9: that was the lens on it. I think he did

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Speaker 9: nod to uniting his party, which is what happened here right.

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Speaker 9: It was the growing revolt, and in particular the questions

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Speaker 9: about whether Joe Biden would drag down House and Senate

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Speaker 9: Democrats and not just himself, that really seems to have

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Speaker 9: been decisive. Remember he said there were only three things

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Speaker 9: that would let him step aside one the Lord Almighty,

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Speaker 9: and so far as we know, that was not the case.

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Speaker 9: But I suppose I'm standing to be corrected. Number two

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Speaker 9: a major health incident, dittoh, we have no indication of that.

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Speaker 9: And number three if his aides told him he could

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Speaker 9: not win. So it looks like it was door number three,

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Speaker 9: and that's what led to the decision Sunday. The very

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Speaker 9: you know, surprising one the rapid coalescence around Vice President

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Speaker 9: Harris since then, and this speech yesterday, Biden was defiant.

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Speaker 9: You can tell he's still a little ticked. He had

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Speaker 9: a line about thinking that his record deserves get the

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Speaker 9: can to run at a second term. And you know,

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Speaker 9: Jill Biden's statement, his wife's statement, was a bit of

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Speaker 9: an eyebrow raiser. Yes, exactly, exactly. She's from Philadelphia. I

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Speaker 9: will note so that I think he is still he's going,

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Speaker 9: but it's a bit.

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Speaker 4: We're seeing some images by the way, sure, viewers, No,

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Speaker 4: this is from following the speech. He actually had family

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Speaker 4: members in the Oval office.

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Speaker 9: Yes, yes, many of whom boarded the plane with the

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Speaker 9: first lady right after to go to the Paris Olympics.

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Speaker 9: And you know, Biden's the family guy. Not too surprising

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Speaker 9: that they would be there. But that's you know, he's

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Speaker 9: insisting on running or excuse me, on serving out the

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Speaker 9: end of his term. The Press secretary spent all the

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Speaker 9: briefing yesterday really insisting that that would be the case.

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Speaker 9: But as I say, yesterday really felt like the last

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Speaker 9: you know speech that a lot of people are going

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Speaker 9: to tune in on for what Joe Biden has to

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Speaker 9: say now there is work to be done. He alluded

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Speaker 9: to yesterday Supreme Court reform, ethics reform that he wants

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Speaker 9: to do. Not clear to me whether he means calling

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Speaker 9: for it or attempting to do it by executive order,

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Speaker 9: which would be a fight at the very least, but

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Speaker 9: perhaps a fight he's willing to have. And of course

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Speaker 9: talks on Gaza, Gaza, which relates to today's meeting with

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Speaker 9: Benjamin n Yaho.

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Speaker 7: Yeah, it's scheduled to begin any minute now at the

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Speaker 7: White House, Josh and he did talk about how he

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Speaker 7: wants to see an end to the war in Gaza,

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Speaker 7: peace and security in the Middle East he wants to

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Speaker 7: achieve obviously a lofty goal. Many others have tried to

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Speaker 7: achieve that as well. So knowing that that Biden is

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Speaker 7: looking out for his legacy here that he knows he's

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Speaker 7: going to be a one termer, does that mean Netanya

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Speaker 7: who might be a little bit more for it than

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Speaker 7: he otherwise would have been today? What kind of Biden

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Speaker 7: is Netanyah who about.

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Speaker 10: To meet with.

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Speaker 9: Nennya, who seems to believe the opposite. He seems to

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Speaker 9: believe that he should be closing up to Trump as much,

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Speaker 9: if not more than Democrats. I suppose it remains to

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Speaker 9: be seen. I think Biden does have now more leeway

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Speaker 9: to strike a deal that might be politically dicey if

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Speaker 9: it gets to that point, but you know, he has

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Speaker 9: more bandwidth to do it. I will say, like, you know,

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Speaker 9: last week, as we sat here one week ago, you know,

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Speaker 9: people were saying Biden's running, He's dead sent on it.

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Speaker 9: By the way, people believe that to be the case.

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Speaker 9: They do not believe that he was days and days

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Speaker 9: hiding a decision. But he has big defenders, including some publicly,

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Speaker 9: including lawmakers, the congressional BLACKHAWKUS for instance. In the last

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Speaker 9: twenty four hours since his speech, there've not been a

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Speaker 9: lot of second thoughts. You know, you don't have a

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Speaker 9: lot of people thinking, ah, did we make the right choice? Oh,

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Speaker 9: should Joe have stuck around? It seems to be the opposite.

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Speaker 9: It's a cyber relief that the tension at the very

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Speaker 9: least in the party is over and Harris really has

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Speaker 9: firm grip, if not one hundred percent, locked up the nomination,

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Speaker 9: and it's sort of all systems go. I will note

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Speaker 9: that both Biden himself and speaking to staff, and the

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Speaker 9: First Lady in her slightly salty statement, did say we

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Speaker 9: got a rally around Kamala Harris.

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Speaker 6: Josh, it's great to have you. Thank you for sharing

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Speaker 6: that with us.

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Speaker 4: As anyways, Josh win Grow Bloomberg White House Correspondent with

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Speaker 4: the view inside the White House on an historic evening.

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Speaker 4: The images that we were just showing you from the

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Speaker 4: Oval Office are authentic. Those were not staged following the speech.

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Speaker 4: It was not part of the programming. And the same

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Speaker 4: will be today when we get inside the Oval Office

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Speaker 4: with Joe Biden and Benjamin Nett and Yahoo. This is

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Speaker 4: not a speech or a news conference. They're going to

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Speaker 4: be sitting down. Presspool will be allowed in the room

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Speaker 4: for a moment to get some video, get some brief

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Speaker 4: remarks from the president. If not both, we'll bring that

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Speaker 4: to you when it happens, likely this hour. The press

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Speaker 4: just gathering for that opportunity right now, as we add

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Speaker 4: the voice of Carmeil Arbitt, Senior Fellow for Middle These

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Speaker 4: Programs at the Skollcroft Middle East Security Initiative at the

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Speaker 4: Atlantic Council. Karmeil, welcome back to Bloomberg TV and Radio.

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Speaker 4: It's always our pleasure to have you here, coming off

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Speaker 4: of the speech to a joint session of Congress yesterday.

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Speaker 4: Benjamin Netanya, who brings his message to the Oval Office

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Speaker 4: today and coming off of this speech from Joe Biden

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Speaker 4: last night in which he implied the ceasefire in Hamas

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Speaker 4: is going to be his priority as he finishes out

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Speaker 4: his one and only term. Will there be progress made

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Speaker 4: today when these two meet.

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Speaker 11: Well, thank you so much for having me on again.

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Speaker 12: Bb is coming off of speech.

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Speaker 11: To Congress where he was well received. He enjoyed standing

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Speaker 11: ovations for member of Congress, but wasn't especially substantive in

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Speaker 11: terms of the commitments that he was willing to make

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Speaker 11: towards achieving that ceasefire, which on the one hand he

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Speaker 11: says he's interested in and the FAMAS is the number

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Speaker 11: one barrier two achieving, and on the other hand, his

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Speaker 11: political interests have been served much like they have Hanian,

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Speaker 11: the leadership of KAMAS continuing this conflict. That said, we've

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Speaker 11: heard that they're very close to a breakthrough, that they're

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Speaker 11: getting closer to an agreement that would look at some

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Speaker 11: kind of a short term, less than two months ceasefire

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Speaker 11: in exchange for the release of women, elderly and injured

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Speaker 11: that could then be phased into a longer term ceasefire.

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Speaker 12: So I think the.

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Speaker 11: Moment is more hopeful than it had been in the

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Speaker 11: last few weeks and months. But let's not hold our breath.

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Speaker 11: It's not done until it's done.

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Speaker 7: Well, that's absolutely true. In Carmeil, I think we should

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Speaker 7: all remind ourselves of the kind of tenor of the

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Speaker 7: speech that we saw israel Le Prime Minister net Miyahu

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Speaker 7: give on the floor of the House Chamber yesterday, especially

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Speaker 7: when it comes to what he called his vision for Gaza.

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Speaker 7: This is how he laid it out the day.

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Speaker 13: The day after we defeat lamas a new Gaza can emerge.

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Speaker 13: My vision for that day is of a demilitarized and

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Speaker 13: deradicalized Gaza. Israel does not seek to resettle Gaza, but

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Speaker 13: for the foreseeable future, we must retain overriding security control

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Speaker 13: there to prevent the resurgence of terror, to ensure that

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Speaker 13: Gaza never again poses a threat to Israel.

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Speaker 7: Is that a vision you think the US and President

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Speaker 7: Biden could get behind.

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Speaker 11: Karmel Look, I think this is something that Maebe has

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Speaker 11: been saying multiple times in different ways. In different speeches,

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Speaker 11: so we didn't really hear anything new substantively from him yesterday.

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Speaker 11: I think the real question is how to achieve a

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Speaker 11: demilitarized and deradicalized Gaza, and there's no clear path to that.

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Speaker 11: Only about half of the massive soldiers have been taken out,

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Speaker 11: about half of the leadership. They're still very far from

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Speaker 11: getting to the point where the Israelis would be able

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Speaker 11: to quote claim victory. And so I think certainly everybody

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Speaker 11: is looking for a Gaza that is not occupied by Israel,

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Speaker 11: that is independent, that is peacefully alongside Israel. But how

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Speaker 11: we get from point A to point B is where

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Speaker 11: we're going to see lots of tension points between both parties.

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Speaker 6: How different will Joe Biden's meeting be with Benjamin ettya

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Speaker 6: who compared to Kamala Harris's meeting later.

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Speaker 11: Yeah, it's very interesting that they're having these two meetings separately.

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Speaker 11: Of course, as we kind of get ready for what

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Speaker 11: BBC's is kind of this lane Duck Biden Natan who

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Speaker 11: is really folding out. He thinks that whatever happens, he's

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Speaker 11: going to get a better deal if Trump is in power,

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Speaker 11: because Trump isn't going to extract any concessions from him,

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Speaker 11: and so I think Nataian who is going to continue

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Speaker 11: to be reluctant to deliver anything that would seem to

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Speaker 11: bolster Biden or kind of help him. Biden's ambitions for

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Speaker 11: an end to this conflict, they're very lofty. It's not

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Speaker 11: just as we discussed a demilitarized Gaza or.

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Speaker 12: A deradicalized Gaza.

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Speaker 11: He's also looking for a grand deal, something that would

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Speaker 11: bring an agreement between the US, Saudi, Saudi and Israel,

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Speaker 11: and then Israel and the Palace sittings to the table.

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Speaker 11: And I think that's going to be a huge focus

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Speaker 11: for him in his final months in office, and he'll

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Speaker 11: have time and space to do it. I think Biden is,

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Speaker 11: as he has said, as Zionist, someone who feels very

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Speaker 11: deeply connected to the state of Israel but increasingly frustrated

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Speaker 11: with Natayahu. I think Harris is going to be coming

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Speaker 11: at this from a slightly different place. I think she's

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Speaker 11: a bit more pragmatic. I think she's a little bit

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Speaker 11: less emotionally attached to this conflict. But ultimately she's going

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Speaker 11: to continue to toe the line of this administration as

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Speaker 11: Vice President and the only time that that could change

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Speaker 11: is if she's elected president and will have to start

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Speaker 11: to lay her own path for her relationship with Israel.

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Speaker 7: Well, carmilis as you talk about the idea that Biden

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Speaker 7: does seem to want some kind of grand deal, healer,

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Speaker 7: He did allude to that in his speech last night.

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Speaker 7: He didn't just say an end to the war in Gaza,

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Speaker 7: but peace and security in the Middle East. So while

437
00:22:56,040 --> 00:22:58,600
Speaker 7: he may be most immediately focused on the conflict between

438
00:22:58,680 --> 00:23:02,000
Speaker 7: Israel and Hamas, I wonder if you still see room

439
00:23:02,080 --> 00:23:04,680
Speaker 7: for other conflict areas to open up, Considering that net

440
00:23:04,760 --> 00:23:07,520
Speaker 7: Nyahu and that speech yesterday talked about Hesbala and that

441
00:23:07,680 --> 00:23:11,159
Speaker 7: Israel will do whatever it can to secure its northern border.

442
00:23:11,280 --> 00:23:13,000
Speaker 7: He said, and this is a quote, those who attack

443
00:23:13,119 --> 00:23:16,720
Speaker 7: Israel will pay a very heavy price. Is peace and

444
00:23:16,760 --> 00:23:19,000
Speaker 7: security in the Middle East as a whole, not just

445
00:23:19,040 --> 00:23:21,720
Speaker 7: in Gaza a bit of a reach, even for this president.

446
00:23:23,080 --> 00:23:24,800
Speaker 11: So I think we have to break down the different

447
00:23:24,800 --> 00:23:26,679
Speaker 11: pieces of what's happening in the region.

448
00:23:26,720 --> 00:23:28,119
Speaker 12: I think we've already seen.

449
00:23:28,240 --> 00:23:31,880
Speaker 11: And nathanaw who referred to an Abraham alliance, something that's

450
00:23:31,920 --> 00:23:34,320
Speaker 11: been worked on behind the scenes, a bit to bring

451
00:23:34,359 --> 00:23:37,840
Speaker 11: together all of the countries who helped Israel respond to

452
00:23:37,960 --> 00:23:40,920
Speaker 11: the Iranian strikes on Israeli territory. I think, on the

453
00:23:40,960 --> 00:23:43,240
Speaker 11: one hand, there's a huge amount of potential to bring

454
00:23:43,280 --> 00:23:47,879
Speaker 11: together golf countries, allies for those who are already allied

455
00:23:47,880 --> 00:23:50,280
Speaker 11: with Israel and those we are interested in allying with Israel,

456
00:23:50,440 --> 00:23:55,280
Speaker 11: like Saudi Arabia, to respond to the threat posed by

457
00:23:55,320 --> 00:23:56,600
Speaker 11: a run and its proxies.

458
00:23:56,720 --> 00:23:58,200
Speaker 12: So I think we have to differentiate.

459
00:23:58,240 --> 00:24:02,040
Speaker 11: There's a space for cooperation among allies, and there's also

460
00:24:02,080 --> 00:24:05,720
Speaker 11: a space for a significant escalation in this war. And

461
00:24:05,800 --> 00:24:09,359
Speaker 11: we have seen now the UTIs are willing to not

462
00:24:09,560 --> 00:24:12,399
Speaker 11: just strike Israel. They have these the Hooties have struck

463
00:24:12,480 --> 00:24:15,879
Speaker 11: Israel two hundred times, but this past week was the

464
00:24:15,920 --> 00:24:18,520
Speaker 11: first time where there was an actual casualty and that

465
00:24:18,640 --> 00:24:21,760
Speaker 11: prompted an Israeli response. I think we're going to continue

466
00:24:21,800 --> 00:24:23,800
Speaker 11: to see that escalation, but we're going to see on

467
00:24:23,840 --> 00:24:26,800
Speaker 11: the one hand, bonds that are formed between like minded

468
00:24:26,840 --> 00:24:31,040
Speaker 11: allies and escalation with Iran and Iranian backed proxies.

469
00:24:32,480 --> 00:24:35,639
Speaker 4: Benjamin et Yaho moves on tomorrow Lago to meet with

470
00:24:35,720 --> 00:24:39,880
Speaker 4: Donald Trump tomorrow. Carmel, what's the point, what will they discuss.

471
00:24:41,280 --> 00:24:41,480
Speaker 12: Yeah.

472
00:24:41,520 --> 00:24:43,399
Speaker 11: I think there's going to be a number of different

473
00:24:43,480 --> 00:24:46,240
Speaker 11: things discussed. One is that there's some tension right now

474
00:24:46,280 --> 00:24:50,280
Speaker 11: between Babe and Trump. Trump is frustrated that Natayavu had

475
00:24:50,600 --> 00:24:56,040
Speaker 11: welcomed Biden and hadn't you know, played into Trump's claims

476
00:24:56,040 --> 00:24:59,760
Speaker 11: of election frauds. So there had been some personal friction

477
00:25:00,000 --> 00:25:02,520
Speaker 11: pots where Trump has said disparaging things about Nata.

478
00:25:02,640 --> 00:25:02,840
Speaker 3: Yeah.

479
00:25:03,359 --> 00:25:04,360
Speaker 12: I think once.

480
00:25:04,080 --> 00:25:07,680
Speaker 11: They're kind of pasted the kissing, the ring formalities of it,

481
00:25:08,080 --> 00:25:10,200
Speaker 11: and they're going to talk substance. And what I would

482
00:25:10,280 --> 00:25:12,520
Speaker 11: expect is that Natau and Trump are going to talk

483
00:25:12,560 --> 00:25:14,879
Speaker 11: about what a strong US's A relationship will look like

484
00:25:14,960 --> 00:25:18,919
Speaker 11: under Trump administration, and how Trump will support a san

485
00:25:19,000 --> 00:25:23,800
Speaker 11: Yahoo irrespective of what is happening domestically or what is happening.

486
00:25:24,520 --> 00:25:25,920
Speaker 12: These to be the Palestinians.

487
00:25:28,240 --> 00:25:31,080
Speaker 7: Carmil, It's always great to have you, especially on a

488
00:25:31,080 --> 00:25:32,800
Speaker 7: week like this one where we see Neat and Yahoo

489
00:25:32,840 --> 00:25:35,320
Speaker 7: spending so much time on US soil, not just here

490
00:25:35,320 --> 00:25:38,640
Speaker 7: in Washington, but of course in Florida. Tomorrow, Comrieil arbit

491
00:25:39,119 --> 00:25:41,440
Speaker 7: of the Atlantic Council, where she is a Senior Fellow

492
00:25:41,440 --> 00:25:43,560
Speaker 7: for the Middle East Programs at the Scowcroft Middle East

493
00:25:43,560 --> 00:25:46,399
Speaker 7: Security Initiative. We always appreciate it. It's going to be

494
00:25:46,400 --> 00:25:49,000
Speaker 7: pretty remarkable as we look to get the images from

495
00:25:49,000 --> 00:25:51,760
Speaker 7: this meeting in the Oval Office between Biden and netan Yahoo.

496
00:25:52,240 --> 00:25:55,360
Speaker 7: It raises the question of how the intensity of these

497
00:25:55,440 --> 00:25:59,200
Speaker 7: various private meetings with three different either current or potentially

498
00:25:59,240 --> 00:26:02,399
Speaker 7: future US presidents could go for Net and Yahoo, how

499
00:26:02,440 --> 00:26:06,240
Speaker 7: they may differ in tone and in conduct and body language.

500
00:26:06,280 --> 00:26:08,080
Speaker 4: To your point, that's for sure, and sometimes you can

501
00:26:08,080 --> 00:26:09,720
Speaker 4: read into that a bit with the extent to which

502
00:26:09,760 --> 00:26:12,439
Speaker 4: the press is allowed to be exposed to what's happening.

503
00:26:12,440 --> 00:26:14,920
Speaker 4: Apparently it was a very brief visit in the Oval Office.

504
00:26:14,920 --> 00:26:16,879
Speaker 4: We'll have some images and video for you coming up.

505
00:26:16,880 --> 00:26:20,560
Speaker 4: And no questions were answered, certainly not about to cease fire.

506
00:26:20,600 --> 00:26:22,159
Speaker 4: And I think the idea was to get them in,

507
00:26:22,200 --> 00:26:23,960
Speaker 4: get them out because this might not be the most

508
00:26:23,960 --> 00:26:27,399
Speaker 4: comfortable meeting. Same could be said for Kamala Harris's to

509
00:26:27,480 --> 00:26:30,040
Speaker 4: Carmmeell's point, once we're through the pleasantries, Yeah, and of.

510
00:26:29,960 --> 00:26:32,679
Speaker 7: Course they'll be meeting with hostage families as well in

511
00:26:32,760 --> 00:26:34,960
Speaker 7: between those meetings. So a lot is ahead on the

512
00:26:34,960 --> 00:26:36,879
Speaker 7: White House. We're going to have more on this with

513
00:26:36,960 --> 00:26:40,360
Speaker 7: our political panel next on Balance of Power on Bloomberg

514
00:26:40,400 --> 00:26:44,000
Speaker 7: TV and radio.

515
00:26:45,200 --> 00:26:48,720
Speaker 2: You're listening to the Bloomberg Balance of Power podcast. Catch

516
00:26:48,800 --> 00:26:51,040
Speaker 2: us live weekdays at noon Eastern.

517
00:26:50,680 --> 00:26:53,240
Speaker 3: On AMO car Play, and then reunoto with the Bloomberg

518
00:26:53,280 --> 00:26:53,920
Speaker 3: Business App.

519
00:26:54,040 --> 00:26:57,200
Speaker 2: Listen on demand wherever you get your podcasts, or watch

520
00:26:57,280 --> 00:27:00,760
Speaker 2: us live on YouTube.

521
00:27:01,160 --> 00:27:03,879
Speaker 7: Certainly even a busy few days, and that continues at

522
00:27:03,880 --> 00:27:06,159
Speaker 7: the White House today as President Biden sits down in

523
00:27:06,200 --> 00:27:10,080
Speaker 7: the Oval Office with Israeli Prime Minister Benjamin Netanyahu. This

524
00:27:10,160 --> 00:27:12,960
Speaker 7: of course follows the fiery addressed Netanyahu gave to a

525
00:27:13,040 --> 00:27:17,720
Speaker 7: joint session of Congress yesterday, which many Democrats express displeasure with,

526
00:27:17,840 --> 00:27:20,240
Speaker 7: especially for some of his rhetoric when it comes to

527
00:27:20,280 --> 00:27:22,720
Speaker 7: the protesters that we're here in DC and frankly Joe

528
00:27:22,760 --> 00:27:26,960
Speaker 7: are still present today but surere but it obviously just

529
00:27:27,000 --> 00:27:31,160
Speaker 7: speaks to the very politically charged nature of this entire visit,

530
00:27:31,240 --> 00:27:33,320
Speaker 7: and it comes against a backdrop, of of course, President

531
00:27:33,359 --> 00:27:35,960
Speaker 7: Biden having just spoken to the nation about his decision

532
00:27:36,320 --> 00:27:38,840
Speaker 7: to effectively make himself a lame duck and no longer

533
00:27:38,880 --> 00:27:39,760
Speaker 7: seek a second term.

534
00:27:40,080 --> 00:27:43,320
Speaker 4: Yeah, there are images of Netanyaho and Biden in the

535
00:27:43,320 --> 00:27:46,280
Speaker 4: Oval office. They took a couple of moments to talk

536
00:27:46,280 --> 00:27:49,840
Speaker 4: with members of the press very brief here, knowing that

537
00:27:49,960 --> 00:27:52,359
Speaker 4: NETANYAHUO will also be sitting down with Kamala Harris a

538
00:27:52,440 --> 00:27:55,399
Speaker 4: bit later on and then tomorrow Kayley, it's on tomorrow,

539
00:27:55,480 --> 00:27:58,840
Speaker 4: Lago and apparently a much closer friend in Donald Trump,

540
00:27:58,880 --> 00:28:01,679
Speaker 4: who is really Prime Minister, will be sitting down with

541
00:28:02,080 --> 00:28:05,600
Speaker 4: I guess as he hedges his relationships herehead of November.

542
00:28:05,760 --> 00:28:08,480
Speaker 7: Yeah, it was interesting to watch net neniahus speech yesterday,

543
00:28:08,480 --> 00:28:11,320
Speaker 7: and she did think Joe Biden for being a friend

544
00:28:11,320 --> 00:28:14,120
Speaker 7: to Israel. He called him a proud Irish American zionist.

545
00:28:14,119 --> 00:28:17,560
Speaker 7: He thanked him especially for the coordination of intercepting the

546
00:28:17,600 --> 00:28:21,040
Speaker 7: Iran missile and drone attack back in April. But his

547
00:28:21,119 --> 00:28:23,920
Speaker 7: words about Donald Trump were a bit lengthier, listing off

548
00:28:23,920 --> 00:28:26,639
Speaker 7: a long list of things that he saw said Donald

549
00:28:26,680 --> 00:28:29,320
Speaker 7: Trump did for Israel when he was president. It seems

550
00:28:29,320 --> 00:28:32,400
Speaker 7: like there may have been a little more love there,

551
00:28:32,440 --> 00:28:35,959
Speaker 7: although I guess that's open up to an individual's perceptions.

552
00:28:36,200 --> 00:28:38,520
Speaker 6: Donald Trump did another rally yesterday. I did you saw that?

553
00:28:38,920 --> 00:28:40,320
Speaker 10: Yes, North Carolina.

554
00:28:40,400 --> 00:28:43,000
Speaker 4: North Carolina one of the seven swing states we're following here.

555
00:28:43,040 --> 00:28:46,440
Speaker 4: Of course, in our Bloomberg Swing State pole. The rhetoric, though,

556
00:28:46,520 --> 00:28:49,360
Speaker 4: is what we're seizing on here. As some members of

557
00:28:49,360 --> 00:28:53,000
Speaker 4: the Republican Conference in the House refer to Kamala Harris

558
00:28:53,000 --> 00:28:57,920
Speaker 4: as a dei hire, a dei vice president, we have

559
00:28:58,680 --> 00:29:03,680
Speaker 4: a bit of a taste of Donald Trump's language from yesterday.

560
00:29:03,720 --> 00:29:04,240
Speaker 6: Let's listen.

561
00:29:04,560 --> 00:29:08,760
Speaker 4: We have a new victim to defeat Lion, Kamala Harris.

562
00:29:08,840 --> 00:29:11,480
Speaker 6: Lion l YI had a passa.

563
00:29:14,320 --> 00:29:19,400
Speaker 14: The most incompetent and far left vice president in American history.

564
00:29:21,960 --> 00:29:25,400
Speaker 7: So let's debrief on that rally and this language a

565
00:29:25,400 --> 00:29:27,360
Speaker 7: little bit more with our political panel joining us now

566
00:29:27,440 --> 00:29:30,200
Speaker 7: is our signature panel, Rick Davis and Jeanie Schanzino, both

567
00:29:30,360 --> 00:29:33,600
Speaker 7: Bloomberg Politics contributors. So we saw that kind of throughout

568
00:29:34,160 --> 00:29:36,680
Speaker 7: the rally Rick as well, as it seemed almost every

569
00:29:36,720 --> 00:29:38,680
Speaker 7: single time he said the name of the vice president,

570
00:29:38,880 --> 00:29:42,680
Speaker 7: mispronouncing it, it's obviously Kamala Harris, not Kamala Harris. Rick.

571
00:29:42,760 --> 00:29:45,320
Speaker 7: Is this going to work for Donald Trump or does

572
00:29:45,360 --> 00:29:46,760
Speaker 7: this risk backfiring on him?

573
00:29:48,160 --> 00:29:48,400
Speaker 3: Yeah?

574
00:29:48,440 --> 00:29:51,840
Speaker 14: Clearly his ears feeling better because when it was hurting,

575
00:29:51,880 --> 00:29:54,360
Speaker 14: he wanted to talk about unity. Now he's just back

576
00:29:54,400 --> 00:29:57,040
Speaker 14: to being the Donald Trump we've known for a decade.

577
00:29:57,560 --> 00:29:59,240
Speaker 5: Yeah, I don't think he can help himself.

578
00:29:59,720 --> 00:30:01,880
Speaker 14: I think think that this is going to be how

579
00:30:01,920 --> 00:30:05,520
Speaker 14: he finishes this campaign. A lot of Republicans worried they

580
00:30:05,600 --> 00:30:09,560
Speaker 14: saw his speech, you know, in Milwaukee, after all the

581
00:30:09,600 --> 00:30:11,960
Speaker 14: claims that he was going to be a unifier used

582
00:30:11,960 --> 00:30:15,200
Speaker 14: this moment in time, the assassination attempt as a way

583
00:30:15,280 --> 00:30:19,720
Speaker 14: of bringing in other voters has really reversed itself completely.

584
00:30:20,160 --> 00:30:22,560
Speaker 14: This is the Donald Trump that started the campaign two

585
00:30:22,640 --> 00:30:27,120
Speaker 14: years ago attacking Joe Biden personally about his age and acuity.

586
00:30:27,840 --> 00:30:34,080
Speaker 14: And he's just found his bearings with Kamala Harris. And

587
00:30:34,120 --> 00:30:37,800
Speaker 14: the reality is it doesn't seem to be taken off.

588
00:30:37,920 --> 00:30:41,800
Speaker 14: Even some discussion within the party. People I've spoken to

589
00:30:42,000 --> 00:30:44,760
Speaker 14: are worried that this kind of approach is not going

590
00:30:44,840 --> 00:30:50,080
Speaker 14: to work with a fresh, young face compared to Donald Trump.

591
00:30:50,240 --> 00:30:52,520
Speaker 14: And we even see it some in the polling data

592
00:30:52,560 --> 00:30:57,200
Speaker 14: already since the convention, so and since the President's withdrawal

593
00:30:57,200 --> 00:30:59,960
Speaker 14: from the race on Sunday. So I think he's entering

594
00:31:00,120 --> 00:31:03,760
Speaker 14: this in sort of his old fashioned way. But I

595
00:31:03,800 --> 00:31:05,760
Speaker 14: think that the party is going to be looking for

596
00:31:05,800 --> 00:31:07,960
Speaker 14: a change and approach if they want to win this election.

597
00:31:09,320 --> 00:31:13,320
Speaker 4: Certainly the speaker is as reports now say, Rick and

598
00:31:13,400 --> 00:31:15,920
Speaker 4: Genie that Mike Johnson actually had to speak to the

599
00:31:15,960 --> 00:31:19,040
Speaker 4: rank and file in a conference meeting this week to

600
00:31:19,160 --> 00:31:21,160
Speaker 4: ask them to tamp down the rhetoric.

601
00:31:21,240 --> 00:31:23,320
Speaker 6: After we heard Tim Burchett.

602
00:31:23,280 --> 00:31:29,320
Speaker 4: Call Kamala Harris a DEI vice president Glenn Grothman since

603
00:31:29,360 --> 00:31:32,640
Speaker 4: she got the nod here by Democrats this week quote

604
00:31:32,640 --> 00:31:37,120
Speaker 4: because of her ethnic background unquote in an interview with

605
00:31:37,360 --> 00:31:42,640
Speaker 4: CBS Genie, how should Kamala Harris address this kind of

606
00:31:42,680 --> 00:31:45,320
Speaker 4: talk if at all?

607
00:31:45,360 --> 00:31:45,600
Speaker 3: You know?

608
00:31:45,880 --> 00:31:49,560
Speaker 15: It is abhorrent, It is racist, it is sexist. It

609
00:31:49,640 --> 00:31:53,640
Speaker 15: is nothing new for Donald Trump and many of his

610
00:31:53,760 --> 00:31:58,080
Speaker 15: MAGA supporters, and so the fact that it doesn't seem

611
00:31:58,120 --> 00:32:01,680
Speaker 15: to be landing is a good sign. But this is

612
00:32:02,200 --> 00:32:06,080
Speaker 15: what we've grown to know and what we have the

613
00:32:06,160 --> 00:32:11,000
Speaker 15: reason so many Americans are not willing to entertain a

614
00:32:11,120 --> 00:32:15,160
Speaker 15: number Donald Trump presidency. That's why he's got this ceiling.

615
00:32:15,240 --> 00:32:19,360
Speaker 15: He just can't break through. To win elections, you have

616
00:32:19,440 --> 00:32:23,160
Speaker 15: to reach out. He wanted to run against Joe Biden

617
00:32:23,240 --> 00:32:26,600
Speaker 15: because Joe Biden was stuck just like Donald Trump is

618
00:32:27,080 --> 00:32:30,920
Speaker 15: and Vice President Harris is not. This is going to

619
00:32:31,000 --> 00:32:33,560
Speaker 15: be a hard fight for her. She's gonna have to

620
00:32:33,640 --> 00:32:37,440
Speaker 15: put up with this racist, sexist language, but she has

621
00:32:37,480 --> 00:32:41,160
Speaker 15: been doing that for her entire professional career, and so

622
00:32:41,360 --> 00:32:44,560
Speaker 15: I think from her perspective, she sticks to her argument.

623
00:32:44,920 --> 00:32:48,240
Speaker 15: She is a former prosecutor, she is the sitting vice president.

624
00:32:48,480 --> 00:32:51,479
Speaker 15: He is a convicted felon, and she is prepared to

625
00:32:51,560 --> 00:32:54,720
Speaker 15: match him in debates. She is prepared to go head

626
00:32:54,760 --> 00:32:57,880
Speaker 15: to head with him on policy issues because those are

627
00:32:57,920 --> 00:33:00,320
Speaker 15: areas where she can make a case. Again, it's going

628
00:33:00,360 --> 00:33:02,240
Speaker 15: to be a hard case, but it's going to be

629
00:33:02,280 --> 00:33:03,880
Speaker 15: a case that she can make.

630
00:33:05,560 --> 00:33:05,760
Speaker 2: Well.

631
00:33:05,760 --> 00:33:07,920
Speaker 7: I would point out if it's not just Donald Trump

632
00:33:07,920 --> 00:33:10,680
Speaker 7: whose comments have gotten some attention here, but as well

633
00:33:10,760 --> 00:33:14,320
Speaker 7: his vice presidential selection Jade Vance of Ohio, for specifically

634
00:33:14,400 --> 00:33:19,320
Speaker 7: what he said about Kamala Harris being quote unquote childless.

635
00:33:19,760 --> 00:33:22,560
Speaker 7: We now have the ex wife of Harris's husband, dog

636
00:33:22,560 --> 00:33:25,440
Speaker 7: emm Hoff, who of course they share his two children.

637
00:33:25,480 --> 00:33:28,000
Speaker 7: She is their stepmom, defending her on this. We've even

638
00:33:28,000 --> 00:33:31,560
Speaker 7: since celebrities get involved, like Jennifer Aniston. So, Rick, what

639
00:33:31,600 --> 00:33:34,400
Speaker 7: about the jd Vance aspect of this? And do you

640
00:33:34,440 --> 00:33:36,840
Speaker 7: think there might be some buyer's remorse happening within the

641
00:33:36,880 --> 00:33:38,920
Speaker 7: Trump campaign, not just because of language like that, but

642
00:33:39,000 --> 00:33:42,400
Speaker 7: because of course he was selected before Kamala Harris was

643
00:33:42,480 --> 00:33:44,240
Speaker 7: understood to be a top the Democratic ticket.

644
00:33:45,280 --> 00:33:48,920
Speaker 14: Yeah, these comments made in a twenty twenty one interview

645
00:33:49,000 --> 00:33:54,400
Speaker 14: with Tucker Carlson kind of branded jad Vance, as you know,

646
00:33:54,600 --> 00:33:59,280
Speaker 14: insensitive on issues related to women. Picking a fight then

647
00:33:59,520 --> 00:34:03,680
Speaker 14: with Jenny for Aniston over the comments. I can only

648
00:34:03,760 --> 00:34:07,200
Speaker 14: see one resolution of this, a public apology on a

649
00:34:07,280 --> 00:34:11,959
Speaker 14: neutral network by jd Vance in the coming days. They've

650
00:34:12,000 --> 00:34:15,040
Speaker 14: got to get out of this mix. They're already taking

651
00:34:15,239 --> 00:34:18,840
Speaker 14: a lot of weight on. They're getting killed with women's

652
00:34:18,920 --> 00:34:22,960
Speaker 14: voters in all the targeted states. There's some new pulling

653
00:34:22,960 --> 00:34:28,040
Speaker 14: out since the Sunday announcement that shows significant leads by

654
00:34:28,880 --> 00:34:33,759
Speaker 14: the Democrats with women voters, and frankly, a kind of

655
00:34:33,800 --> 00:34:36,799
Speaker 14: stagnation with the mail vote. You would have thought that

656
00:34:36,960 --> 00:34:40,720
Speaker 14: with this high testosterone approach coming out of Milwaukee, jd

657
00:34:40,840 --> 00:34:44,560
Speaker 14: Vance really only appeals to mail voters that they would

658
00:34:44,560 --> 00:34:48,200
Speaker 14: get some uplift and if anything, it's.

659
00:34:47,840 --> 00:34:48,840
Speaker 5: Suppressed the vote.

660
00:34:49,320 --> 00:34:53,400
Speaker 14: So there's a real problem inside the Trump campaign. They've

661
00:34:53,440 --> 00:34:57,320
Speaker 14: got a running mate who's started out with kind of

662
00:34:57,320 --> 00:35:01,400
Speaker 14: a lose lose approach to being the nominee and Donald

663
00:35:01,440 --> 00:35:04,799
Speaker 14: Trump really having a hard time finding us footing with

664
00:35:05,719 --> 00:35:09,560
Speaker 14: Harris and how to really juxtapose them on a substantent basis.

665
00:35:10,480 --> 00:35:13,759
Speaker 14: That said, with all the good economic news, if you

666
00:35:13,800 --> 00:35:16,319
Speaker 14: were given advice to the Democrats, just talk about the

667
00:35:16,400 --> 00:35:18,960
Speaker 14: economic performance of our country right now and finish the

668
00:35:19,040 --> 00:35:22,239
Speaker 14: campaign there, because that is where most of the voters are.

669
00:35:22,360 --> 00:35:24,759
Speaker 14: They care about the economy and who's going to do

670
00:35:24,800 --> 00:35:25,719
Speaker 14: the best job for them.

671
00:35:26,920 --> 00:35:29,320
Speaker 4: Spending time with our panel, Rick Davis and Genie Shanzo

672
00:35:29,400 --> 00:35:32,120
Speaker 4: here on Bloomberg TV and Radio as we stand by

673
00:35:32,600 --> 00:35:35,680
Speaker 4: for an important conversation, Bloomberg's Emily Chang will be holding

674
00:35:35,719 --> 00:35:38,319
Speaker 4: forth with Lena Khan from the FTC a little bit

675
00:35:38,360 --> 00:35:40,080
Speaker 4: less than ten minutes from now. We'll bring you that

676
00:35:40,160 --> 00:35:43,560
Speaker 4: live here on Bloomberg TV and Radio. Genie, it points

677
00:35:43,640 --> 00:35:46,600
Speaker 4: us to the deep steaks. We just spent a lot

678
00:35:46,600 --> 00:35:48,520
Speaker 4: of time trying to figure out who Donald Trump would

679
00:35:48,520 --> 00:35:51,160
Speaker 4: tap as a running mate, and you have both just

680
00:35:51,680 --> 00:35:56,759
Speaker 4: illustrated the backdrop for Kamala Harris's decision. Who are you

681
00:35:56,800 --> 00:35:59,080
Speaker 4: looking at right now and is it in fact a

682
00:35:59,160 --> 00:36:02,960
Speaker 4: white male russ Belt governor fill in the blank.

683
00:36:03,000 --> 00:36:03,600
Speaker 3: On the name.

684
00:36:05,480 --> 00:36:06,720
Speaker 11: It is well.

685
00:36:06,800 --> 00:36:09,600
Speaker 15: I think there's also the Sun Belt Senator you can

686
00:36:09,640 --> 00:36:13,360
Speaker 15: look at as well. I actually am more around the map,

687
00:36:13,400 --> 00:36:16,960
Speaker 15: if you will. I do think Josh Shapiro has many

688
00:36:17,040 --> 00:36:21,520
Speaker 15: people's support and vote for obvious reasons. I would say

689
00:36:21,680 --> 00:36:26,799
Speaker 15: one drawback to the very popular Governor Shapiro is that

690
00:36:26,840 --> 00:36:31,080
Speaker 15: he too has a background like Kamala Harris, both prosecutors,

691
00:36:31,480 --> 00:36:34,239
Speaker 15: So you wonder if in doing something like that, she

692
00:36:34,320 --> 00:36:36,759
Speaker 15: would be doubling up in the way Donald Trump did

693
00:36:36,800 --> 00:36:37,239
Speaker 15: with jd.

694
00:36:37,400 --> 00:36:37,720
Speaker 12: Vance.

695
00:36:38,160 --> 00:36:40,560
Speaker 11: But I do think he's leading the short list.

696
00:36:41,280 --> 00:36:45,480
Speaker 15: I also think that Senator Kelly would be a remarkable choice.

697
00:36:46,239 --> 00:36:49,120
Speaker 15: He might open up the Sunbelt a little more, and

698
00:36:49,719 --> 00:36:52,319
Speaker 15: of course he is an astronaut, so you lead with that.

699
00:36:52,480 --> 00:36:53,600
Speaker 11: It's hard to go wrong.

700
00:36:54,440 --> 00:36:57,600
Speaker 15: He isn't quite as energizing on the stump as some

701
00:36:57,680 --> 00:37:01,560
Speaker 15: of the other folks, but he's a very very good choice.

702
00:37:01,760 --> 00:37:03,360
Speaker 12: I also think Governor Cooper.

703
00:37:03,400 --> 00:37:05,960
Speaker 15: I think that is why one of the reasons why

704
00:37:06,000 --> 00:37:08,560
Speaker 15: we saw Donald Trump down in North Carolina yesterday. I

705
00:37:08,600 --> 00:37:12,040
Speaker 15: think there is some fear that getting somebody more mature,

706
00:37:12,200 --> 00:37:14,560
Speaker 15: somebody who has been around and somebody who has spent

707
00:37:14,640 --> 00:37:18,120
Speaker 15: a lot of time talking about women's bodies and reproduction

708
00:37:18,760 --> 00:37:21,600
Speaker 15: is something that could elicit some fear. So I think

709
00:37:21,640 --> 00:37:24,319
Speaker 15: there's a lot of really good choices there, and it

710
00:37:24,400 --> 00:37:26,560
Speaker 15: looks like we're going to know in the next week,

711
00:37:26,600 --> 00:37:27,400
Speaker 15: if not sooner.

712
00:37:28,560 --> 00:37:30,200
Speaker 4: That sure sounds like it, and we'll be talking to

713
00:37:30,239 --> 00:37:32,879
Speaker 4: Genie Shanzano and Rick Davis about it. Our signature panel

714
00:37:32,920 --> 00:37:36,360
Speaker 4: Bloomberg Politics contributors thank you both as always being with

715
00:37:36,480 --> 00:37:37,760
Speaker 4: us here on Balance of Power.

716
00:37:40,960 --> 00:37:44,239
Speaker 2: You're listening to the Bloomberg Balance of Power podcast Ken

717
00:37:44,480 --> 00:37:47,600
Speaker 2: Just Live weekdays at noon Eastern on Applecarplay and then.

718
00:37:47,560 --> 00:37:49,560
Speaker 3: Royd Oo with the Bloomberg Business App.

719
00:37:49,640 --> 00:37:52,480
Speaker 2: You can also listen live on Amazon Alexa from our

720
00:37:52,480 --> 00:37:59,759
Speaker 2: flagship New York station Just Say Alexa, playing Bloomberg eleven thirty.

721
00:37:58,960 --> 00:38:02,040
Speaker 4: A day after the big speech. There were no surprises,

722
00:38:02,080 --> 00:38:04,920
Speaker 4: of course. Joe Biden already let us know on letterhead

723
00:38:05,719 --> 00:38:09,360
Speaker 4: on Sunday that he would not be continuing his campaign

724
00:38:09,520 --> 00:38:12,760
Speaker 4: to run for reelection, But he did address the American

725
00:38:12,760 --> 00:38:14,920
Speaker 4: people from the Oval Office last evening.

726
00:38:14,920 --> 00:38:15,680
Speaker 6: Here's a taste.

727
00:38:15,800 --> 00:38:18,920
Speaker 8: I've decided the best way forward is the past, the

728
00:38:18,960 --> 00:38:22,480
Speaker 8: torch for a new generation. That's the best way to

729
00:38:22,640 --> 00:38:26,360
Speaker 8: nine our nation. You know there is a time and

730
00:38:26,400 --> 00:38:29,600
Speaker 8: a place for long years of experience in public life.

731
00:38:30,719 --> 00:38:32,880
Speaker 8: There's also a time and a place for new voices.

732
00:38:33,840 --> 00:38:36,840
Speaker 8: Fresh voices. Yes, younger voices.

733
00:38:38,040 --> 00:38:42,320
Speaker 4: And one in particular named Kamala Harris were now following

734
00:38:42,680 --> 00:38:45,040
Speaker 4: as the nominee in waiting Joe Biden there in the

735
00:38:45,040 --> 00:38:47,680
Speaker 4: Oval office. He spoke for just shy of ten minutes,

736
00:38:48,239 --> 00:38:50,320
Speaker 4: had family in the room with him, some very touching

737
00:38:50,360 --> 00:38:53,440
Speaker 4: photographs of him with the first lady and some of

738
00:38:53,480 --> 00:38:55,560
Speaker 4: his kids. Hunter Biden was in the Oval Office. I

739
00:38:55,560 --> 00:38:57,640
Speaker 4: guess he got a round of applause from those who

740
00:38:57,719 --> 00:39:01,000
Speaker 4: were there, saying what we all were, he knew. Sometimes

741
00:39:01,000 --> 00:39:04,319
Speaker 4: it's different when you actually see it and hear it. Surprising,

742
00:39:04,560 --> 00:39:08,040
Speaker 4: maybe not surprising. No mention of his age and the

743
00:39:08,120 --> 00:39:11,440
Speaker 4: actual reason why he's leaving this race. So let's get

744
00:39:11,440 --> 00:39:14,400
Speaker 4: into it with an authority. Kristin Hahn, I'm glad to

745
00:39:14,400 --> 00:39:16,799
Speaker 4: say is with us partner at Rock Solutions and one

746
00:39:16,840 --> 00:39:20,520
Speaker 4: of the most connected democratic operatives in Washington at the table.

747
00:39:20,600 --> 00:39:22,919
Speaker 4: Christ It's great to see you. Thank you for coming

748
00:39:22,960 --> 00:39:25,640
Speaker 4: in here. Were you sad after watching this or is

749
00:39:25,680 --> 00:39:27,240
Speaker 4: this a great moment for America?

750
00:39:27,880 --> 00:39:31,120
Speaker 1: I mean, I think there was such a juxtaposition between

751
00:39:31,280 --> 00:39:34,239
Speaker 1: what President Biden has said and what we've seen. You know,

752
00:39:34,280 --> 00:39:36,160
Speaker 1: I think a lot of people Trump was quiet for

753
00:39:36,160 --> 00:39:38,120
Speaker 1: a little while. He was I don't know who got

754
00:39:38,200 --> 00:39:40,080
Speaker 1: him to be quiet for a little while, but he was.

755
00:39:40,560 --> 00:39:42,200
Speaker 1: You know, it was more subdued, and I think we

756
00:39:42,320 --> 00:39:44,200
Speaker 1: just saw in the last couple of days him saying

757
00:39:44,239 --> 00:39:47,439
Speaker 1: that America is stupid and stupid country. And I think

758
00:39:47,520 --> 00:39:50,959
Speaker 1: watching President Biden is exactly what it means to be presidential.

759
00:39:51,320 --> 00:39:53,840
Speaker 1: I mean, he's putting, like he said, you know, the

760
00:39:54,239 --> 00:39:56,920
Speaker 1: future of our democracy, the future of this country is

761
00:39:56,960 --> 00:40:01,520
Speaker 1: bigger than my own ambition, and that's the exact opposite

762
00:40:01,520 --> 00:40:04,240
Speaker 1: and what we're seeing in the in the Republican candidate.

763
00:40:04,880 --> 00:40:08,400
Speaker 1: So I think it was very heartfelt. I think people

764
00:40:08,440 --> 00:40:11,480
Speaker 1: looked at it. They appreciated the leadership and the guidance

765
00:40:11,520 --> 00:40:14,080
Speaker 1: this president has given us over the last three and

766
00:40:14,120 --> 00:40:17,800
Speaker 1: a half years, and then also a lot of excitement

767
00:40:17,960 --> 00:40:21,880
Speaker 1: about the vice president and her candidacy, and you know,

768
00:40:21,920 --> 00:40:26,520
Speaker 1: you've seen it reflected and not only fundraising numbers, but

769
00:40:26,680 --> 00:40:31,319
Speaker 1: also volunteers people coming out. I'm feeling it here in

770
00:40:31,480 --> 00:40:34,359
Speaker 1: Washington among the people that I'm working with as well, so,

771
00:40:35,120 --> 00:40:36,920
Speaker 1: I think it was. It was a kind of a

772
00:40:36,960 --> 00:40:39,280
Speaker 1: solemn moment, but it was a it was a hopeful

773
00:40:39,320 --> 00:40:40,320
Speaker 1: message that he delivered.

774
00:40:40,360 --> 00:40:40,480
Speaker 3: Well.

775
00:40:40,760 --> 00:40:43,440
Speaker 4: I heard from a number of people over the weekend,

776
00:40:43,480 --> 00:40:45,800
Speaker 4: as I'm sure you did too, and surrounding the speech

777
00:40:45,840 --> 00:40:48,680
Speaker 4: last night, even following it this morning, some people are

778
00:40:48,719 --> 00:40:52,120
Speaker 4: still angry. I feel like they were misled and that

779
00:40:52,160 --> 00:40:55,240
Speaker 4: this White House wasn't honest with them about Joe Biden's condition.

780
00:40:56,040 --> 00:40:59,040
Speaker 4: And I wonder if you're hearing that from inside democratic

781
00:40:59,080 --> 00:41:00,240
Speaker 4: circles as well.

782
00:41:00,680 --> 00:41:02,920
Speaker 1: I don't think I'm not hearing a lot of anger.

783
00:41:03,920 --> 00:41:06,080
Speaker 1: I think that there are a number of people who

784
00:41:06,120 --> 00:41:10,520
Speaker 1: thought this decision should have been made sooner. And you know,

785
00:41:10,560 --> 00:41:12,279
Speaker 1: but we are where we are. We've got plenty of

786
00:41:12,320 --> 00:41:16,000
Speaker 1: time going forward. We've got a strong candidate and the

787
00:41:16,080 --> 00:41:19,240
Speaker 1: vice president, and she's she's come out of the gate strong.

788
00:41:19,800 --> 00:41:23,000
Speaker 1: But no, not not necessarily anger. But you know, there

789
00:41:23,040 --> 00:41:26,799
Speaker 1: was a lot of confusion, not knowing what's going on.

790
00:41:27,000 --> 00:41:29,719
Speaker 1: Who's you know, in the ear of the president. You

791
00:41:29,760 --> 00:41:34,319
Speaker 1: know what's happening. You saw Senator Tim Kane talking in

792
00:41:34,400 --> 00:41:37,759
Speaker 1: public and on air talking about him getting you know,

793
00:41:37,840 --> 00:41:43,200
Speaker 1: pulling numbers back in Virginia, and Virginia is now at risk,

794
00:41:43,400 --> 00:41:45,480
Speaker 1: you know, and there was a real concern, I mean,

795
00:41:45,960 --> 00:41:49,000
Speaker 1: particularly amongst you know, my friends are in the House

796
00:41:49,080 --> 00:41:51,920
Speaker 1: that like the backstop. I mean, if if you look

797
00:41:51,960 --> 00:41:54,360
Speaker 1: at the map, it's going to be difficult to maintain

798
00:41:54,400 --> 00:41:55,440
Speaker 1: control over the Senate.

799
00:41:56,640 --> 00:41:57,840
Speaker 10: The backstop is the House.

800
00:41:58,280 --> 00:41:58,960
Speaker 6: And we were.

801
00:41:58,840 --> 00:42:02,759
Speaker 1: Looking at potentially, you know, not losing the house because

802
00:42:02,760 --> 00:42:04,160
Speaker 1: we don't have control of the House right now. But

803
00:42:04,560 --> 00:42:05,840
Speaker 1: you know, it was almost as sure that we were

804
00:42:05,840 --> 00:42:07,399
Speaker 1: going to take back the House and that wasn't the case,

805
00:42:07,440 --> 00:42:09,720
Speaker 1: and that really started to scare a lot of people.

806
00:42:09,840 --> 00:42:12,319
Speaker 4: That's what woke up the sleeping giant here, I guess,

807
00:42:12,320 --> 00:42:16,799
Speaker 4: so bring us behind the scenes. And how quickly all

808
00:42:16,880 --> 00:42:20,799
Speaker 4: of this happened. I remember talking to Joe Biden in

809
00:42:20,840 --> 00:42:24,560
Speaker 4: New Hampshire when he was first running here against Donald

810
00:42:24,560 --> 00:42:29,080
Speaker 4: Trump in twenty twenty, and he was leaving New Hampshire

811
00:42:29,120 --> 00:42:31,799
Speaker 4: to basically, you know, go in the fetal position and.

812
00:42:31,760 --> 00:42:33,480
Speaker 6: End the campaign. And then something happened.

813
00:42:33,560 --> 00:42:37,680
Speaker 4: As you remember, Jim Clyburn steps in, everyone drops out overnight,

814
00:42:37,760 --> 00:42:39,799
Speaker 4: all of a sudden, you're the nominee and welcome to

815
00:42:39,840 --> 00:42:43,359
Speaker 4: South Carolina. It kind of felt like that here where

816
00:42:43,400 --> 00:42:45,279
Speaker 4: there was all kinds of chatter about do we have

817
00:42:45,320 --> 00:42:49,200
Speaker 4: a mini primary? Look at these great governors. Somebody called Michigan,

818
00:42:49,280 --> 00:42:53,560
Speaker 4: somebody called California. Oh, I know, we've got Kamala. And

819
00:42:53,600 --> 00:42:57,880
Speaker 4: then suddenly that talk stopped a flow of endorsements. All

820
00:42:57,920 --> 00:43:01,960
Speaker 4: the governors we mentioned endorsed her. And it does make

821
00:43:02,000 --> 00:43:04,320
Speaker 4: people wonder who's pulling the strings here. How do things

822
00:43:04,360 --> 00:43:08,040
Speaker 4: happen that quickly, when a party apparatus can turn on

823
00:43:08,080 --> 00:43:08,480
Speaker 4: a dime.

824
00:43:08,960 --> 00:43:11,279
Speaker 1: I think that you talked about it being chatter. I

825
00:43:11,280 --> 00:43:13,360
Speaker 1: think there's a lot of gossip, a lot of rumor

826
00:43:13,480 --> 00:43:15,640
Speaker 1: going around. I think you know the fact that we

827
00:43:15,719 --> 00:43:20,400
Speaker 1: have so many potential, you know, candidates for a president,

828
00:43:20,480 --> 00:43:22,840
Speaker 1: it's an embarrassment of riches, and I think that's great.

829
00:43:23,160 --> 00:43:25,239
Speaker 1: I don't think there was nobody I talked to there

830
00:43:25,280 --> 00:43:28,160
Speaker 1: was ever a chance that you've got a strong vice

831
00:43:28,200 --> 00:43:32,719
Speaker 1: president and vice President Harris that we were going to

832
00:43:33,960 --> 00:43:38,760
Speaker 1: the Democratic Party was going to pass over her who's

833
00:43:38,800 --> 00:43:42,759
Speaker 1: currently the vice president, a strong woman of color for

834
00:43:43,480 --> 00:43:46,960
Speaker 1: anybody else. So it's not surprising to me actually at all.

835
00:43:47,000 --> 00:43:48,920
Speaker 1: And I don't think to most people I'm talking to

836
00:43:49,000 --> 00:43:50,480
Speaker 1: that that happens so quickly.

837
00:43:50,600 --> 00:43:53,920
Speaker 4: When does Barack Obama come around? NBC is reporting the

838
00:43:54,000 --> 00:43:57,120
Speaker 4: endorsement soon. I mean, gop that Della gets locked up.

839
00:43:57,160 --> 00:43:58,160
Speaker 6: What are we waiting for here?

840
00:43:58,200 --> 00:44:01,600
Speaker 4: If not a dramatic androduction or announcement at the convention,

841
00:44:01,719 --> 00:44:02,680
Speaker 4: how's that going to play out?

842
00:44:02,800 --> 00:44:05,759
Speaker 1: I think, you know, it's I don't think there's there

843
00:44:05,840 --> 00:44:10,840
Speaker 1: was any after President Biden, you know, very quickly endorsed her. Yeah,

844
00:44:10,920 --> 00:44:13,120
Speaker 1: I don't think that there was any question that the

845
00:44:13,160 --> 00:44:14,600
Speaker 1: other party leaders were going to do it.

846
00:44:14,640 --> 00:44:16,279
Speaker 6: I just want to stagger these to get the news

847
00:44:16,320 --> 00:44:16,959
Speaker 6: out of each one.

848
00:44:16,880 --> 00:44:18,799
Speaker 1: Of them, you know, I mean, I don't know that's

849
00:44:18,880 --> 00:44:21,200
Speaker 1: that I'm you know, if I'm in that position, and

850
00:44:21,280 --> 00:44:23,880
Speaker 1: I'm just saying yes, I mean, you don't want to

851
00:44:23,880 --> 00:44:25,240
Speaker 1: do it all at the same time.

852
00:44:25,120 --> 00:44:27,160
Speaker 10: Give it a week. That's going to be a huge

853
00:44:27,280 --> 00:44:30,799
Speaker 10: endorsement by the former president Obama.

854
00:44:31,000 --> 00:44:33,040
Speaker 1: So you know, I think, you know, the more you

855
00:44:33,080 --> 00:44:36,120
Speaker 1: can stagger these out, the more you stay, you drive

856
00:44:36,200 --> 00:44:39,879
Speaker 1: the news and you're driving positive headlines. And the whole

857
00:44:39,920 --> 00:44:43,160
Speaker 1: objective is to bring these voters back in and younger voters,

858
00:44:43,200 --> 00:44:46,160
Speaker 1: and we're not quite where we were among younger voters

859
00:44:46,440 --> 00:44:48,680
Speaker 1: as we were when when President Obama was run.

860
00:44:48,600 --> 00:44:50,040
Speaker 4: Just a funny game. It's not like he's going to

861
00:44:50,120 --> 00:44:52,560
Speaker 4: endorse Trump. You know, but listen, I realized that's how

862
00:44:52,600 --> 00:44:55,320
Speaker 4: it's played. Yeah, bring me back into the Oval office

863
00:44:55,400 --> 00:44:58,880
Speaker 4: last night. Should Joe Biden have talked about the why

864
00:44:59,760 --> 00:45:03,520
Speaker 4: or is that just implicit? Should he not have said,

865
00:45:03,560 --> 00:45:05,120
Speaker 4: you know, I'm not getting out of bed the way

866
00:45:05,160 --> 00:45:07,279
Speaker 4: I used to. Yeah, you're right, you saw me in

867
00:45:07,280 --> 00:45:08,799
Speaker 4: that debate. That's why I'm doing this.

868
00:45:09,160 --> 00:45:11,600
Speaker 1: I think no, And I think a lot of it

869
00:45:11,640 --> 00:45:16,120
Speaker 1: was implicit when he said and yes, somebody younger handing

870
00:45:16,120 --> 00:45:18,920
Speaker 1: it her two you know, the next generation. Yes, and

871
00:45:18,960 --> 00:45:22,279
Speaker 1: you acknowledge yes, somebody younger. Implicit and that is we

872
00:45:22,320 --> 00:45:24,879
Speaker 1: need somebody younger. So I think there was a lot

873
00:45:24,880 --> 00:45:26,799
Speaker 1: of and there's not a whole lot of nuance there.

874
00:45:26,800 --> 00:45:28,879
Speaker 1: It's pretty, it's pretty on the nose.

875
00:45:28,960 --> 00:45:31,440
Speaker 4: Yeah, right, But it also needs to make people think

876
00:45:31,480 --> 00:45:32,560
Speaker 4: he can finish the job.

877
00:45:33,200 --> 00:45:33,600
Speaker 10: That's true.

878
00:45:33,640 --> 00:45:36,480
Speaker 1: And he did say, like I'm here, you know, finishing

879
00:45:36,480 --> 00:45:38,960
Speaker 1: the job. I think that if he had said I

880
00:45:39,000 --> 00:45:41,920
Speaker 1: can't do all these things, then we're exactly right, Then

881
00:45:42,160 --> 00:45:44,240
Speaker 1: why are you staying in office? I think he's completely

882
00:45:44,280 --> 00:45:46,239
Speaker 1: able to finish the job. He said, that's what I'm

883
00:45:46,239 --> 00:45:48,600
Speaker 1: going to focus on, focus my energy on that rather

884
00:45:48,640 --> 00:45:50,799
Speaker 1: than having a campaign and do that at the same time.

885
00:45:51,960 --> 00:45:53,360
Speaker 10: So I think he struck the right tone.

886
00:45:53,400 --> 00:45:55,640
Speaker 4: Will this be the lamest of lame duck sessions in

887
00:45:55,680 --> 00:45:58,480
Speaker 4: our remaining moment knowing that, oh my gosh, he's done.

888
00:45:58,800 --> 00:46:00,680
Speaker 1: I mean, I think also when you have to look

889
00:46:00,680 --> 00:46:03,399
Speaker 1: at lame duck, everybody thinks about the lame duck president. Yeah,

890
00:46:03,440 --> 00:46:05,280
Speaker 1: but you also look at the makeup of the Congress.

891
00:46:05,960 --> 00:46:07,960
Speaker 1: So like a lame duck president, say he was a

892
00:46:08,000 --> 00:46:11,279
Speaker 1: lame duck president with like democratic control the House and

893
00:46:11,320 --> 00:46:14,160
Speaker 1: democratic control that you're like, we gotta do like.

894
00:46:14,160 --> 00:46:16,960
Speaker 10: Eight thousand things before this time, though not this time.

895
00:46:17,120 --> 00:46:19,080
Speaker 10: So I think, yeah, you're probably looking at a very

896
00:46:19,120 --> 00:46:19,799
Speaker 10: lame lame duck.

897
00:46:19,840 --> 00:46:21,160
Speaker 4: So you're going to come back here in a month

898
00:46:21,239 --> 00:46:23,040
Speaker 4: after Chicago. You know what we're going to be talking

899
00:46:23,040 --> 00:46:25,960
Speaker 4: about is a government shutdown. Cut down to the shutdown

900
00:46:26,000 --> 00:46:29,799
Speaker 4: with Kristen Han make your reservation. Now you're going to

901
00:46:29,800 --> 00:46:31,560
Speaker 4: be in Chicago, right, We're going to spend some time

902
00:46:31,600 --> 00:46:33,720
Speaker 4: around the DNC, which is going to be a whole

903
00:46:33,719 --> 00:46:38,280
Speaker 4: different process than we expected. Does she get the virtual

904
00:46:38,360 --> 00:46:39,760
Speaker 4: nod or does that happen in Chicago.

905
00:46:40,440 --> 00:46:42,279
Speaker 10: I think it probably. I mean she'll probably get the

906
00:46:42,320 --> 00:46:43,000
Speaker 10: virtual not but.

907
00:46:43,040 --> 00:46:44,120
Speaker 6: It's like next week or something.

908
00:46:44,200 --> 00:46:47,879
Speaker 4: Yeah, you know, talk more rock solutions partner. I told

909
00:46:47,920 --> 00:46:49,800
Speaker 4: you she was coming in Kristen Han on the Fastest

910
00:46:49,800 --> 00:46:50,799
Speaker 4: Show in Politics.

911
00:46:51,080 --> 00:46:56,600
Speaker 6: I'm Joe Matthew. This is Bloomberg. Thanks for listening to

912
00:46:56,640 --> 00:46:58,239
Speaker 6: the Balance of Power podcast.

913
00:46:58,840 --> 00:47:02,000
Speaker 4: Make sure to subscribe if you haven't already, at Apple, Spotify,

914
00:47:02,080 --> 00:47:04,640
Speaker 4: or wherever you get your podcasts, and you can find

915
00:47:04,719 --> 00:47:08,359
Speaker 4: us live every weekday from Washington, DC at Noontimeeaster at

916
00:47:08,440 --> 00:47:09,640
Speaker 4: Bloomberg dot com.