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Speaker 1: Why from our nation's came this budget thing is going

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Speaker 1: to do nothing space forts. I still think it's interesting

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Speaker 1: President Trump not playing his cards yet. Headlines Policy and

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Speaker 1: politics colliding Floomberg Sound On, The Insiders, the influencers, the insides.

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Speaker 1: I would rather see a congressional solution. It's part of

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Speaker 1: my DNA. The Senate map in looks a lot different

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Speaker 1: than it looked in. You really have a divide within

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Speaker 1: Team Trump. The President has to do exactly what people

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Speaker 1: sent him here to do, which is to get it done.

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Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg

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Speaker 1: and one oh five point seven h D two. Happy

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Speaker 1: New Year's everybody. I'm Kevin Cirelli, Chief Washington correspondent for

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Speaker 1: Bloomberg Television of Bloomberg Radio. We're taking a look back

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Speaker 1: and to look forward as we head into a new

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Speaker 1: decade of geopolitics and breaking news. On this New Year's eve,

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Speaker 1: the President just within the last hour saying that, in

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Speaker 1: his words, there will be a quote unquote threat that

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Speaker 1: has been made against a on for that protest at

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Speaker 1: the Rock Embassy in Baghdad. We are going to have

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Speaker 1: the latest developments as it relates to the escalating situation

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Speaker 1: and tensions between the US and Iron and the latest

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Speaker 1: in Iraq. Luis ky Avoni's here, journalist, Senior lecturer at

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Speaker 1: John Hopkins University, Kerry Business School, Luise, New Years. What

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Speaker 1: are you doing when the clock strikes twelve? My dog

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Speaker 1: and I will be waiting for my husband to come

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Speaker 1: home from his news anchor shift at w t OP.

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Speaker 1: Do you have any New Year's traditions? Um, We're usually

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Speaker 1: waiting for one or the other of us to reach

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Speaker 1: from our tradition. Eric Lawson, Bloomberg Congressional Reporter, Happy New Year's.

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Speaker 1: Any New Year's traditions? Uh? You know, every year is different,

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Speaker 1: and I think this year is gonna be kind of

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Speaker 1: a quiet one, just beating some friends for dinner and

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Speaker 1: hanging out and kind of doing low key. You know,

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Speaker 1: I peaked when I was a kid. My favorite memories

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Speaker 1: of New Year's I used to go in Delco to

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Speaker 1: Drexel Hill. My grandmother Mimi, she just passed away, God

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Speaker 1: bless and we used to all the cousins go stay

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Speaker 1: up till midnight, remember like the bang of pots and

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Speaker 1: pans and that the firecrackers and our parents knew how

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Speaker 1: to do New Year's went right after Trump got elected.

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Speaker 1: I was covering the transition down and and the Mara

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Speaker 1: Lago and I met Rocky Sylvester Stallone was down there.

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Speaker 1: I first bumped him. So that was kind of a highlight,

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Speaker 1: you know, but a quiet, a quiet time. It was

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Speaker 1: not a quiet day in Washington. And we're gonna begin

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Speaker 1: tonight with new developments coming from the US end of

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Speaker 1: ron on that particular front. The President tweeting out just

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Speaker 1: within the last hour or so, I just got off

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Speaker 1: Bloomberg TV talking about this, and it's it's been incredibly

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Speaker 1: a quickly moving story. Just within the last hour, the

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Speaker 1: President tweets, quote, the US embassy in Iraq is and

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Speaker 1: has been for hours safe. Many of our great war fighters,

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Speaker 1: together with the most lethal military equipment in the world,

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Speaker 1: was immediately rushed to the site. Thank you to the

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Speaker 1: President and Prime Minister of Iraq for their rapid response

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Speaker 1: upon request. Iran will be held fully responsible for lives

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Speaker 1: lost or damage incurred at any of our facilities. They

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Speaker 1: will pay a very big price. This is not a warning,

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Speaker 1: it as a threat. Happy New Year that coming from

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Speaker 1: President Donald Trump. That embassy in Baghdad was attacked by

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Speaker 1: all intents and purposes, as as a bevy of activity

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Speaker 1: and protesters that the US is saying Iran helped fuel

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Speaker 1: the furor of this facility in Baghdad in the past

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Speaker 1: twenty four hours has launched and even more escalating tension

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Speaker 1: as the administration Luis tries to get a hold on

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Speaker 1: Tehran's expansionary policies. It's really amazing how close they got.

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Speaker 1: This is the biggest embassy anywhere in the world, and

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Speaker 1: you would assume the U. S Embassy in Baghdad would

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Speaker 1: be impermeable, but they got so close, I guess using

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Speaker 1: cars to smash the barricades. They're really frightening pictures of

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Speaker 1: them using poles and pipes to crash into windows and

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Speaker 1: throw in off fiery objects. And they can't stop thinking

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Speaker 1: about Hillary Clinton and Benghazi. You know that throughout this

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Speaker 1: entire thing, they're thinking, we cannot have a ben Ghazi, right,

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Speaker 1: So uh so it is it is really a time

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Speaker 1: and Mike Pompeo, who was then a big critic of

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Speaker 1: Hillary Clinton and Benghazi, and now he's the guy in

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Speaker 1: the driver's seat and they have to show up for

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Speaker 1: it interesting points. Secretary of State Mike Pompeo scheduled to

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Speaker 1: was down at mar Lago with the President calls the

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Speaker 1: summer White House Eric laws and Bloomberg, congressional reporter, as Congress,

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Speaker 1: of course, is in recess a meeting with his team

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Speaker 1: of national security advisors. The President has been down on

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Speaker 1: there and authorizing a military strike in parts of Syria

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Speaker 1: as well as in northern Iraq on Sunday evening in

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Speaker 1: response to what the US says were attacks from Iran

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Speaker 1: on joint US Iraq military facilities. So that embassy today

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Speaker 1: in Baghdad being stormed was a response from Iran for

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Speaker 1: those dismissile strikes on Sunday night. However, the administration of

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Speaker 1: my sources at the State's Department have been adamant that

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Speaker 1: that was a responsive and and quite honestly a a

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Speaker 1: a measured response to Iran really targeting joint US Iraq

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Speaker 1: military facilities. What is leadership and saying, Eric, I know

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Speaker 1: they're on recess, but any Congressional reaction. There has been

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Speaker 1: reaction in Adam Schiff, one of the biggest critics of Trump,

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Speaker 1: Leader of the impeachment effort made the point that Trump

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Speaker 1: should be doing more to consult with Congress and also

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Speaker 1: also to consult with the Iraq I mean, the big

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Speaker 1: question you're here is was diplomacy effectively employed? Uh? This

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Speaker 1: may have taken the Iraqis by surprise and uh if

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Speaker 1: effectively in flavor situation which in any ways was trending

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Speaker 1: in the favor of the US. There were large protests

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Speaker 1: for weeks in Iraq against Iran's influence on the government.

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Speaker 1: So here, Uh, there's warning some democrats that Trump maybe

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Speaker 1: snatching uh defeat from the jaws of victory as far

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Speaker 1: as Iraqi public opinion. All right, coming up, we're gonna

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Speaker 1: hear from my interview with the U s Special Envoy

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Speaker 1: to Iran. That's Brian Hook. Download the Bloomberg On podcasts

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Speaker 1: on appleijuanes at Bloomberg dot com or by downloading the

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Speaker 1: Bloomberg Business app. You can also find us on Radio

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Speaker 1: dot com, I Heart Radio and spotify new developments from

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Speaker 1: the President on Iran. I'm Kevin silly, you're listening to Bloomberg.

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Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg

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Speaker 1: and one or five point seven a MHD two. I'm

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Speaker 1: Kevin SERRILLI she fashion and correspondent for Bloomberg Television and

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Speaker 1: Bloomberg Radio. Yesterday I interviewed Brian Hook. He, of course,

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Speaker 1: is the U s Special Envoy to Iran, works at

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Speaker 1: the State's apartment, a senior advisor to Secretary of State

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Speaker 1: Mike Pompeo, and I interviewed him about those air strikes

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Speaker 1: that were carried out on Sunday, New York time evening

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Speaker 1: uh in Syria and northern Iraq after the administration says

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Speaker 1: Iran had been involved in strikes on US Iraq facilities.

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Speaker 1: Take a listen to our interview. Well, these were defensive

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Speaker 1: strikes that the President ordered. We have American troops that

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Speaker 1: are in Iraq for a very specific mission to ensure

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Speaker 1: the enduring defeat of ISIS. Those American troops are located

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Speaker 1: at Iraqi military bases, and over the last two months

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Speaker 1: there have been almost a dozen attacks by Iranian proxies

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Speaker 1: against those bases. And then a couple of days ago

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Speaker 1: when American was killed, number of American so oldiers were

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Speaker 1: injured and also some Iraqi soldiers were injured, and so

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Speaker 1: the President decided to and as an act of defense,

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Speaker 1: ordered air strikes three in Iraq to in Syria. UH.

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Speaker 1: And we're also trying to send a message to Iran

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Speaker 1: that they need to stop this, telling them to stay

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Speaker 1: in their lane. Iran should stay in Iran, not metal

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Speaker 1: in iraq R exactly. And Iran has been running an

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Speaker 1: expansionist foreign policy for forty years. This is the last

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Speaker 1: revolutionary regime on Earth. The President's made very clear that UM,

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Speaker 1: He's shown a lot of restraint UM in light of

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Speaker 1: Iranian provocations. UH. But we also made clear that we

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Speaker 1: will take decisive action UH if there is an injury

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Speaker 1: or harm to our personnel or interests. And so then

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Speaker 1: you had the military response just yesterday. You and I

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Speaker 1: have spoken previously about the maximum economic pressure campaign against Tehran,

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Speaker 1: and you you just alluded to their expansionary policies. You know.

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Speaker 1: I I hear what you're saying. I read the report.

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Speaker 1: It's and I'm curious. It would appear that more sanctions

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Speaker 1: are likely on the table, and more sanctions in the

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Speaker 1: short term. Right now, Iran is facing its worst financial

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Speaker 1: crisis in its forty year history. This is the Islamic

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Speaker 1: Republic of Iran, and as we look ahead. Unless Iran

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Speaker 1: starts behaving like a normal nation, you're gonna start seeing

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Speaker 1: many more sanctions. So we've put in place, um the

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Speaker 1: most sort of most pressure in the in the last

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Speaker 1: so they're deep into a recession. We have we have

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Speaker 1: collapsed their oil exports, we have collapsed there all of

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Speaker 1: the foreign direct investment into Iran. And we're going to

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Speaker 1: continue to drive up the costs on the regime for

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Speaker 1: behaving like an outlaw country. So more more sanctions could

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Speaker 1: still happen very likely. Meanwhile, there's protests not just in Iran,

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Speaker 1: but but all throughout the region. How have they been

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Speaker 1: influencing the Shia as a proxy force in the region,

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Speaker 1: But you've seen protests now, it's an amazing phenomenon. You're

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Speaker 1: You've seen protests in Iran, Iraq, and Lebanon occurring at

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Speaker 1: and in all three countries, the consistent thread is an

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Speaker 1: opposition to the Iranian regime. The people in each of

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Speaker 1: these countries are tired of Iran's model of corruption and

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Speaker 1: sectarian violence and also terrible economic conditions. This is a

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Speaker 1: regime that prioritizes ideology over the welfare of their own people.

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Speaker 1: And remember that whenever they go into countries like Lebanon

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Speaker 1: the people in those countries. Meanwhile, Secretary Pompeio giving a

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Speaker 1: something like thirty six thousand tips and submissions using social

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Speaker 1: media platforms, and that the administration has been using these

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Speaker 1: submissions of violations of the Iranian regime. It's a piece

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Speaker 1: that number up to now, It's now up to forty five.

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Speaker 1: And so there were two things we did when the

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Speaker 1: for the demands the Iranian people were making on their

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Speaker 1: tip box for Iranians to submit photos, videos, and messages

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Speaker 1: of regime violence against its own people. We've had forty

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Speaker 1: five thousand submissions done through telegram and just you know,

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Speaker 1: quickly in several weeks ago, when when I spoke with

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Speaker 1: you after that exchange of prisoners and in fact a

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Speaker 1: US prisoner who was being detained by Iran, you were

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Speaker 1: you worked virtually, you know, round the clock to get

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Speaker 1: that individual release, and it appeared that maybe there was

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Speaker 1: just going to be a glimmer of hope that that

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Speaker 1: that things would be trending in a positive direction. Do

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Speaker 1: you still have that hope or as the events of

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Speaker 1: we made clear that there are two tracks. There's the

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Speaker 1: there's the dialogue where we try to get the Americans

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Speaker 1: who are wrongly detained in Iran, get them out of Iran,

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Speaker 1: and bring them back home to their loved ones, back

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Speaker 1: to the United States. The other track is where we're

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Speaker 1: advancing our national security objectives. And Iran presents many threats

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Speaker 1: to peace and security, the nuclear threat, missile threat, regional aggression,

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Speaker 1: and the hostage taking of Americans. So we are going

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Speaker 1: to continue these two tracks. We're going to try to

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Speaker 1: get the remaining Americans out of prison in Iran, but

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Speaker 1: we're going to continue to execute our campaign of maximum

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Speaker 1: economic pressure that was Brian hooked the U. S special

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Speaker 1: envoy to Iran speaking with me yesterday on Bloomberg Television.

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Speaker 1: Coming up a preview of the year ahead with Luis

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Speaker 1: ky Avoni and Eric Wasson. Download the Bloomberg Sound On

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Speaker 1: podcast on Apple iTunes, at Bloomberg dot com, or by

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Speaker 1: downloading the Bloomberg Business App. You can also find me

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Speaker 1: on Radio dot Com, I Heart Radio, and Spotify. I'm

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Speaker 1: Kevin SERELLI have New Year's Eve. You're listening to Bloomberg.

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Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg

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Speaker 1: and one oh five point seven F M H D two.

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Speaker 1: You know, I never thought that this year would end.

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Speaker 1: Many times it felt like groundhoud Day up on Capitol Hill.

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Speaker 1: Then it felt, I don't know, like a giant ultra marathon.

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Speaker 1: I'm Kevin CURRELLI Chief Washington correspondent for Bloomberg Television and

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Speaker 1: Bloomberg Radio. And we find ourselves not at the finish line, folks,

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Speaker 1: at the starting line of a new decade. And I'm

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Speaker 1: starting this new decade off with Luisky Ivoni, journalist senior

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Speaker 1: lecturer at Johns Hopkins University, carry Business School, and Eric Lawson,

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Speaker 1: Bloomberg Congressional reporter Eric, what was the best book you

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Speaker 1: read this year? You know, I just finished a book

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Speaker 1: called The Club by Leo dam Roach and this is

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Speaker 1: I think great one for Bloomberg listeners. It talks about

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Speaker 1: these eighteenth century intellectual well Samuel Johnson, Adam Smith who

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Speaker 1: invented economics, Joshua Reynolds, greatest painter of the day. They

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Speaker 1: all would meet on a Friday night at this Turk's

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Speaker 1: Head tavern for drinks and discussed the idea that shaped

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Speaker 1: the modern world. And it's beautiful illustrations. It's a real

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Speaker 1: for anyone interested in the history of Britain, the history

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Speaker 1: of the Western world. It's wonderful, a real page turn

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Speaker 1: ill recommend His night Boat to Tangier by Kevin Barry.

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Speaker 1: It's about two aging Irish drug dealers waiting for her

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Speaker 1: to come in from Morocco, waiting for a girl to

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Speaker 1: show up. We don't know who she is, what's going

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Speaker 1: to happen. It's it's a real page turner and a

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Speaker 1: wonderful young I still haven't seen The Irishman, but I

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Speaker 1: want to read the book that it's based on. The

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Speaker 1: name escapes me before I get to it. Luis best

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Speaker 1: book you read, so I think one of the most

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Speaker 1: artistically told stories that I've read so far is A

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Speaker 1: Gentleman in Moscow by Tolls. Have you read that? It's

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Speaker 1: about the transition from Russia's aristocracy to the current grinding

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Speaker 1: UH to the grinding communism of the Soviet Union, and

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Speaker 1: told through the adventures of one person who used to

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Speaker 1: be an aristocrat and how he adapted and how it

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Speaker 1: affected his life and his family. But really brilliant, brilliant story.

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Speaker 1: Another one that I read was Beneath the Scarlet Sky

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Speaker 1: by Mark Sullivan, which is a story about World War

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Speaker 1: two Italy in the in the northern part of Italy

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Speaker 1: where uh these priests were creating pathways for safe passage

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Speaker 1: from the Nazis UH for for fugitives. Really fantastic story,

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Speaker 1: and what I love about it is the author himself

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Speaker 1: had had just one dud after another and he was

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Speaker 1: just desperate by the time he wrote this, and he

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Speaker 1: found a guy whose story this was and it is

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Speaker 1: a brilliant and successful story. And then the last thing

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Speaker 1: I read was when I just wanted to say this,

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Speaker 1: that I read in Search of Lost Time by Marcel Proust,

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Speaker 1: which was just the most massive, but I felt I

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Speaker 1: had to do that like five weeks. I mean, between

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Speaker 1: the Mueller Report and then all of these other things

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Speaker 1: that come out. It's like we're constantly having to read

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Speaker 1: this stuff. All right, Uh, well, I'm not going to

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Speaker 1: tell you what my favorite book was yet yet stay tuned.

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Speaker 1: How's that for? Christine Barada says that my that I've

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Speaker 1: gotten very good at previewing things segment. She's our executive

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Speaker 1: producer and I would not be able to be on

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Speaker 1: the air if it wasn't for Christine Veratas. But but

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Speaker 1: I'm gonna I'm gonna hold off because I'm kind of

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Speaker 1: annoyed that I didn't think of the title of this

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Speaker 1: book for my eventual memoir when I'm ninety years old.

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Speaker 1: So that's that's that's a little tease because the name

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Speaker 1: of the book could have been maybe perhaps the name

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Speaker 1: of the memoir. Ar So let's talk because as we

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Speaker 1: look ahead and the short term next week said it

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Speaker 1: comes back, they're going to vote on us m c

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Speaker 1: A Eric Well, the vote is actually going to be

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Speaker 1: delayed until the aftermath of the impeachment trial. A least

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Speaker 1: Cone is now say wow, McConnell has now said they're

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Speaker 1: not going to vote on U. S. M c A

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Speaker 1: until after the impeachment trial. That's right, but it's not

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Speaker 1: entirely clear that the impeachment trial will start next week.

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Speaker 1: You know, McConnell will come back in on Friday and

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Speaker 1: we'll have a story on all the strategizing behind this.

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Speaker 1: But at the moment, Pelosi Nanti Pelosi, the Speaker House

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Speaker 1: is not sent over the articles of impeachments. They're kind

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Speaker 1: of in a standoff over over the shape of the trial.

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Speaker 1: They need the articles of impeachment. There's that legal debate

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Speaker 1: there is under the Senate rules. They could change the

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Speaker 1: Senate rules, but they would have to nuke the filibuster

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Speaker 1: to do that. A way McConnell will do that. So yeah,

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Speaker 1: I think, you know, I think the main thing if

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Speaker 1: you look back, you know, how long is a year.

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Speaker 1: A year ago we were in a big government shutdownstead

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Speaker 1: off thirty five days. As what we were all talking

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Speaker 1: about a year ago, I did not see any fiscal

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Speaker 1: roadbumps in the year ahead. The government's funded through September

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Speaker 1: that it will not be hiccup before the election, and

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Speaker 1: we don't have another debt ceiling crisis. Like we just

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Speaker 1: had in the past year, but we will see I

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Speaker 1: think the potential for a drug pricing deal. There's a

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Speaker 1: big fist in May Pelosia mcconnells it off a fort

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Speaker 1: the fiscal deadline for health programs, and we're looking at

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Speaker 1: the possibility of a drug pricing deal, surprise billing deal

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Speaker 1: that will have big effects on health stocks and pharmaceuticals.

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Speaker 1: We're also looking at a big debate on FISA on

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Speaker 1: you know, the whole ability to to wire tap and

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Speaker 1: surveill that's going to be expiring in March. And with

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Speaker 1: the report that came out on the FBI surveillance, uh,

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Speaker 1: inflaming the debate, that's gonna be a big one too.

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Speaker 1: I'm still on January, honestly, I'm up to mid February.

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Speaker 1: Between now and Valentine's date, Luise, it's gonna be pure

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Speaker 1: political mayhem because you've got U S. M c A.

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Speaker 1: President Trump tweeting out earlier today that on January fifteenth,

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Speaker 1: did you see this market calendar? January is the date

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Speaker 1: that President Trump has said he is going to sign

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Speaker 1: that Phase one trade deal with US and China at

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Speaker 1: the White House. And this comes following more positive headlines

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Speaker 1: coming out of Beijing. So U s m c. A.

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Speaker 1: January fifteenth, you've got the US China Phase one phase

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Speaker 1: trade deal getting inked. And then January is that Democratic

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Speaker 1: presidential debate. The Iowa caucus is on February is on

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Speaker 1: February three, I believe, And the next day, February four,

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Speaker 1: is the State of the Union address in the backdrop

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Speaker 1: of the impeachment trial. Buckle up, Louise, I'm not gonna

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Speaker 1: have time to read all those books. Well, that's why

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Speaker 1: I did all my reading this year. But you know, um,

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Speaker 1: I mean we've seen what we've seen years like this, right, Um.

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Speaker 1: I mean during the during the Clinton impeachment, it was

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Speaker 1: it was equally chaos. It was never a presidential election.

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Speaker 1: There was never a The president didn't get Clinton didn't

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Speaker 1: give the State of the Union, did he during during

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Speaker 1: the impeachment trial. Think, don't you think that we have

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Speaker 1: grown so accustomed to the breakneck pace of events, especially

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Speaker 1: with this president who uh programs events and statements and

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Speaker 1: tweets and UM and beaches and UM and all of

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Speaker 1: his activities with with the with the TV programmer's hand,

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Speaker 1: we're watching this this administration is like watching an advertisement.

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Speaker 1: It's just it's just one millisecond image after another, after another,

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Speaker 1: after another after another, and that's how the whole next

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Speaker 1: year is going to be. That has made a lot

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Speaker 1: of political punditry very difficult if you look at the

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Speaker 1: predictions that we're coming out a year ago and now

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Speaker 1: we have predictions about how the impeachment vote will affect

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Speaker 1: the upcoming election, but is a lifetime away, and nobody knows,

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Speaker 1: you know, the thousands of Trump tweets, many controversies that

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Speaker 1: go on. Of course, overall, we see the economy very strong,

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Speaker 1: and that's really in the President's favor as far as

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Speaker 1: the election. But the election will be the big story.

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Speaker 1: And if you're talking about January, Kevin uh, we have

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Speaker 1: the interesting split screen of the impeachment trial going on,

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Speaker 1: and we have five senators who are running for president

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Speaker 1: who are going to be jurors in that Gardner. We've

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Speaker 1: got Gardner, We've got Michael Bennett, We've got Elizabeth Warren,

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Speaker 1: we've got Amy Klobuchar, and we've got Bernie's Sanders. All

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Speaker 1: they're going to be silent jurors in this trial, keeping

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Speaker 1: them off the campaign trail. Would they very much want

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Speaker 1: to be and would prefer to be. That's a big

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Speaker 1: dynamic that's gonna be going on in January the Senate.

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Speaker 1: How quickly are they gonna wrap that up? And how

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Speaker 1: you know quickly are were going to see Trump at Quiddy,

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Speaker 1: which is the most likely reason. And now, Susan Collins,

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Speaker 1: did you catch this? Senator Susan Collins said she's open

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Speaker 1: to having witnesses. She of course is a Republican from Maine,

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Speaker 1: a key senator. And let's take a listen to Susan

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Speaker 1: Collins when she was on main public radio earlier here,

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Speaker 1: she is, I am open to witnesses. I think it's

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Speaker 1: premature to decide who should be called until we see

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Speaker 1: the evidence that is presented and get the answers to

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Speaker 1: the questions that we senators can submit through the Chief

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Speaker 1: Justice to both sides. Eric, I just don't you know.

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Speaker 1: I hear from Lisa Murkowski, we're hear from Senator Susan Collins.

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Speaker 1: But ultimately, what Leader McConnell decides to do Friday huddled

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Speaker 1: before everybody gets back into town, that's what's going to

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Speaker 1: set the course here. Well, he certainly has the lead

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Speaker 1: role in all of this, although Democrats point out, this

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Speaker 1: is not Merrick Garland. He doesn't control the floor entirely

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Speaker 1: fifty one senators. Uh. It takes a vote of them

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Speaker 1: to set the rules on the trial. Now, I would

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Speaker 1: note with Susan Collins, she's being critical of McConnell. She

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Speaker 1: did say it was inappropriate for him to say, you know,

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Speaker 1: he's not going to be impartial, but she did not

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Speaker 1: really buck him. His strategy is basically, let's move to

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Speaker 1: a phase one without witnesses, talk about witnesses later. That's

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Speaker 1: the exact same thing that she said in that interview.

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Speaker 1: Go ahead, Louise. Susan Collins is facing a tough re

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Speaker 1: election campaign and she's got to appear to be a

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Speaker 1: moderate she was. She's got to appear to be one

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Speaker 1: of those Republicans that Joe Biden might ask to run

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Speaker 1: as his vice president. Well, I'm joking, there's no he

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Speaker 1: ever looked. That whole thing with Joe Biden saying he

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Speaker 1: might run with it with a Republican is so so crazy.

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Speaker 1: But the premise of it in his answer, it's like,

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Speaker 1: do they so did you cover the Senate? Did they still? They?

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Speaker 1: Did they still? In spite of the fact that they

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Speaker 1: hate each other, rise to give a speech and acknowledge

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Speaker 1: their a good friend from whatever state it is. They

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Speaker 1: do and sometimes they meet. There was some really moving

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Speaker 1: u comiums to Johnny Isaacson, who just retired, one of

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Speaker 1: the few that really united people. But I do say

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Speaker 1: oftentimes it is just words. Yeah, I mean, there's just

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Speaker 1: no in this climate. Take a look you mentioned by them.

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Speaker 1: We have that sound bite. Here's former Vice President Joe

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Speaker 1: Biden talking about Republicans earlier in Exeter, New Hampshire. Here

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Speaker 1: is and there's some really decent Republicans that are out

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Speaker 1: there still. But here's the problem right now, the well

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Speaker 1: known ones. They've got to step up, do you know

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Speaker 1: what I mean? But if you go to Michigan, Wisconsin,

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Speaker 1: Ohio and you look at those independent voters, they Republicans

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Speaker 1: think that the impeachment saga is an absolute farce. Democrats

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Speaker 1: think that he should have been removed from office a

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Speaker 1: while ago. But those in dependent voters are staring at

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Speaker 1: the economy and so it might play well with Bassis,

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Speaker 1: but it's it's you know, when when President Trump does

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Speaker 1: this or former Vice President Biden does this, I'm not

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Speaker 1: sure it moves the needle at all, does it, Louise Well,

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Speaker 1: I thought it was supposed to be the no malarkey tour, right,

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Speaker 1: It's just the biggest bunch of malarkey I ever. Come

430
00:24:22,320 --> 00:24:28,520
Speaker 1: on coming up. I'm staying out. Listen. I got one

431
00:24:28,560 --> 00:24:31,280
Speaker 1: more show before the end of the year, and we're

432
00:24:31,280 --> 00:24:35,320
Speaker 1: gonna not say anything coming up. No, I but I

433
00:24:35,359 --> 00:24:38,040
Speaker 1: but I think it speaks to a larger his effort.

434
00:24:38,240 --> 00:24:41,280
Speaker 1: And he's been consistent on this point former Vice President

435
00:24:41,280 --> 00:24:44,800
Speaker 1: Biden about trying to win over some of those more

436
00:24:44,880 --> 00:24:47,960
Speaker 1: independent voters and that he was the top negotiator in

437
00:24:48,000 --> 00:24:50,879
Speaker 1: the administration to Mitch McConnell. He does have a history

438
00:24:50,880 --> 00:24:53,800
Speaker 1: of bipartisanship and that's something he gets criticized from the life.

439
00:24:53,800 --> 00:24:55,760
Speaker 1: So there is some truth to it. But obviously the

440
00:24:55,800 --> 00:24:58,000
Speaker 1: idea of him running with Replican is not gonna happen.

441
00:24:58,040 --> 00:25:00,240
Speaker 1: That I would say, I would be stunned. This is

442
00:25:00,240 --> 00:25:02,360
Speaker 1: my I don't predict. But should he pick up Republican,

443
00:25:02,400 --> 00:25:05,439
Speaker 1: it would be newsworthy. Download The Bloomberg is not on

444
00:25:05,440 --> 00:25:08,000
Speaker 1: podcast on Apple, It tunes up by downloading the Bloomberg

445
00:25:08,000 --> 00:25:11,600
Speaker 1: Business app or uh Bloomberg dot com. You can also

446
00:25:11,680 --> 00:25:14,359
Speaker 1: find us on Radio, dot Com, I Heart Radio and Spotify.

447
00:25:14,480 --> 00:25:26,119
Speaker 1: I'm Kevin Sirelli. You're listening to Bloomberg. This is Bloomberg's

448
00:25:26,200 --> 00:25:30,800
Speaker 1: Sound On with Kevin Surley on Bloomberg and one oh

449
00:25:30,920 --> 00:25:36,240
Speaker 1: five point seven f m h D two, New Year's Eve,

450
00:25:36,359 --> 00:25:40,800
Speaker 1: New decade, New start. Where would you be ten years

451
00:25:40,840 --> 00:25:43,400
Speaker 1: from now? Where will you be twelve months from now?

452
00:25:43,600 --> 00:25:45,840
Speaker 1: Where's my mom says? Is it gonna matter in ten minutes,

453
00:25:45,920 --> 00:25:49,880
Speaker 1: ten days or ten years from now? Ten, ten, and ten?

454
00:25:50,359 --> 00:25:53,760
Speaker 1: I'm Kevin Sereli, Chief Washington correspondent for Bloomberg Television and

455
00:25:53,840 --> 00:25:58,280
Speaker 1: Bloomberg Radio. Luis ky Avoni's here, Eric Wasson, is here

456
00:25:58,480 --> 00:26:04,560
Speaker 1: favorite news story of the decade? Well, I don't know

457
00:26:04,600 --> 00:26:06,639
Speaker 1: if this is my favorite news story of the decade,

458
00:26:06,640 --> 00:26:09,240
Speaker 1: but it is my favorite news story of the moment,

459
00:26:09,280 --> 00:26:13,760
Speaker 1: and that is the escape of your cost cuts. Carlos going.

460
00:26:13,920 --> 00:26:15,880
Speaker 1: This is what's on your radar. This is you came

461
00:26:15,920 --> 00:26:18,200
Speaker 1: into the bureau today. Tell me that I said, yeah,

462
00:26:18,200 --> 00:26:20,760
Speaker 1: I was following it. I was following, Luise, But tell

463
00:26:20,840 --> 00:26:22,560
Speaker 1: me break it down for why why are you're so

464
00:26:22,600 --> 00:26:24,879
Speaker 1: obsessed with the story. Well, first of all, I have

465
00:26:24,960 --> 00:26:27,560
Speaker 1: been talking about Carlos going in my classes at Johns

466
00:26:27,600 --> 00:26:31,399
Speaker 1: Hopkins University Carey Business School. UM, if you never allowed

467
00:26:31,440 --> 00:26:34,000
Speaker 1: me to go to well, it seems to me you're

468
00:26:34,040 --> 00:26:38,159
Speaker 1: always busy. We can we can revisit that in the

469
00:26:38,160 --> 00:26:41,240
Speaker 1: new year. But any Loza ill be there. He is

470
00:26:41,280 --> 00:26:46,760
Speaker 1: a fascinating, fascinating, dynamic, charismatic, brilliant leader. And he was

471
00:26:46,880 --> 00:26:52,680
Speaker 1: arrested for financial irregularities. Um, and was asked by Nissan

472
00:26:52,880 --> 00:26:55,560
Speaker 1: and arrested it in Japan and in and out of

473
00:26:55,840 --> 00:26:59,399
Speaker 1: jail in Japan. But I love the latest take on

474
00:26:59,480 --> 00:27:03,760
Speaker 1: how this happened. UM that, according to The New York Post,

475
00:27:03,840 --> 00:27:08,840
Speaker 1: while awaiting trial, the sixty five year old former Nissan CEO,

476
00:27:08,920 --> 00:27:12,520
Speaker 1: the New York Post reports, was loaded into an empty

477
00:27:12,760 --> 00:27:17,199
Speaker 1: musical instrument case. I just listened to this after receiving

478
00:27:17,200 --> 00:27:20,680
Speaker 1: a visit at his home in Tokyo from a musical

479
00:27:20,800 --> 00:27:26,359
Speaker 1: band whose members turned out to be mercenaries, Lebanese TV

480
00:27:26,480 --> 00:27:30,920
Speaker 1: news channel MTV said Tuesday. I mean, first of all,

481
00:27:31,640 --> 00:27:35,480
Speaker 1: he was so closely watched in Tokyo. The notion that

482
00:27:35,560 --> 00:27:39,920
Speaker 1: these authorities in Tokyo would let these Gregorian chant banned

483
00:27:39,960 --> 00:27:43,560
Speaker 1: people into his house and talk Tokyo is so irregular

484
00:27:43,640 --> 00:27:47,320
Speaker 1: and strange anyway, didn't they think that was strange? But

485
00:27:47,520 --> 00:27:51,720
Speaker 1: according to Lebanese TV news channel MTV, they loaded him

486
00:27:51,720 --> 00:27:55,840
Speaker 1: into one of these boxes, transferred the box containing Gone

487
00:27:55,920 --> 00:27:58,480
Speaker 1: and there are other instruments onto a plan for a

488
00:27:58,520 --> 00:28:02,840
Speaker 1: local flight flown from east on Bull into Lebanon, where

489
00:28:03,160 --> 00:28:07,240
Speaker 1: he is from and his current and former wife, both

490
00:28:07,240 --> 00:28:10,040
Speaker 1: of them, all of them are from and he has

491
00:28:10,040 --> 00:28:13,359
Speaker 1: a big favorite son in Lebanon. But he arrives in

492
00:28:13,440 --> 00:28:16,960
Speaker 1: that country at a time when the country is facing

493
00:28:17,160 --> 00:28:21,080
Speaker 1: very very rough economic times, a lot of rejection of

494
00:28:21,119 --> 00:28:30,800
Speaker 1: the old, very rich. Carlos Goad, the former CEO of

495
00:28:31,000 --> 00:28:36,800
Speaker 1: Nissan Mitsubishi, arrested back in November of two thousand and

496
00:28:36,960 --> 00:28:42,560
Speaker 1: eighteen for financial misconduct, to put it mildly, then he

497
00:28:42,840 --> 00:28:45,840
Speaker 1: escapes because he was held in jail. Think about this,

498
00:28:46,120 --> 00:28:48,800
Speaker 1: Think about You can't even make this up if you

499
00:28:48,920 --> 00:28:51,320
Speaker 1: wanted to. He's held in jail for the start of

500
00:28:51,360 --> 00:28:53,800
Speaker 1: his trial, which was going to begin next year, and

501
00:28:53,800 --> 00:28:57,160
Speaker 1: then he gets shoved in a music case. He but

502
00:28:57,160 --> 00:28:58,800
Speaker 1: but he was in and out of jail, he was

503
00:28:58,840 --> 00:29:01,320
Speaker 1: at home on house rest, but he shoved in a

504
00:29:01,400 --> 00:29:05,200
Speaker 1: music case to go to Lebanon. I mean, you really

505
00:29:05,200 --> 00:29:07,040
Speaker 1: can't make it up. And I will say this, You

506
00:29:07,120 --> 00:29:09,920
Speaker 1: hear the story and it's it's fascinating. It's one that's

507
00:29:09,960 --> 00:29:13,640
Speaker 1: worth reporting on. Bloomberg has done tremendous coverage of this

508
00:29:13,680 --> 00:29:16,920
Speaker 1: story all throughout the day. My colleagues on Bloomberg Television

509
00:29:17,200 --> 00:29:19,640
Speaker 1: have really been all over this. But you hear this

510
00:29:19,680 --> 00:29:21,840
Speaker 1: story and you put it through the prism of criminal

511
00:29:21,960 --> 00:29:24,440
Speaker 1: justice reform and how this guy is going to be

512
00:29:24,480 --> 00:29:26,920
Speaker 1: able to pay to get off the hook, and you

513
00:29:27,000 --> 00:29:30,720
Speaker 1: go to to to in America, pick any pick any

514
00:29:30,760 --> 00:29:34,520
Speaker 1: town in America, and you see how folks are are

515
00:29:34,560 --> 00:29:38,920
Speaker 1: put in jail for for just you know, misdemeanors that

516
00:29:38,920 --> 00:29:41,560
Speaker 1: aren't even that that likely that that are legal. Now,

517
00:29:41,640 --> 00:29:44,640
Speaker 1: let's agree that that's let's agree that that's but there's

518
00:29:44,640 --> 00:29:48,440
Speaker 1: all there's a whole other thing, right, And uh so

519
00:29:48,560 --> 00:29:52,760
Speaker 1: Carlos Gone is saying that he was unfairly accused, and

520
00:29:52,840 --> 00:29:55,680
Speaker 1: whether or not that's true, I'm certainly not going to

521
00:29:55,680 --> 00:30:01,240
Speaker 1: weigh in. But but but but the evidence is that

522
00:30:02,040 --> 00:30:07,680
Speaker 1: the Japanese government has a case of achieving criminal convictions.

523
00:30:08,680 --> 00:30:11,600
Speaker 1: It's it's fascinating, though, I mean, by fleeing, you're not

524
00:30:11,640 --> 00:30:14,480
Speaker 1: giving yourself that trial. All right, that that isn't that's

525
00:30:14,480 --> 00:30:16,200
Speaker 1: a that's a I love this story. I can't wait

526
00:30:16,200 --> 00:30:19,680
Speaker 1: for the movie. Well, I mean there's a lot of

527
00:30:19,720 --> 00:30:23,000
Speaker 1: movies that I never I was gonna never mind anyway, Eric,

528
00:30:23,040 --> 00:30:24,720
Speaker 1: what's on your radar, buddy? Well, I think one of

529
00:30:24,720 --> 00:30:26,440
Speaker 1: the key stories for people to look at as far

530
00:30:26,440 --> 00:30:28,640
Speaker 1: as Congress is where the Senate is gonna flip? You know,

531
00:30:29,000 --> 00:30:32,400
Speaker 1: none of these uh proposals by Bernie Sanders Elizabeth Warren

532
00:30:32,880 --> 00:30:36,120
Speaker 1: that have Wall Street so concerned I really have a

533
00:30:36,120 --> 00:30:38,800
Speaker 1: prayer of getting passed unless the Senate becomes democratic, and

534
00:30:38,840 --> 00:30:41,840
Speaker 1: there's an increasing chance that it will. There's new opportunities

535
00:30:41,840 --> 00:30:44,640
Speaker 1: that have opened with the retirement of Johnny Isaacson and

536
00:30:44,720 --> 00:30:48,080
Speaker 1: Georgia that the chance that Mike Pompeio won't run in

537
00:30:48,200 --> 00:30:51,040
Speaker 1: Kansas and that goes to Chris Kobac as a GP nominee.

538
00:30:51,120 --> 00:30:54,160
Speaker 1: There's a real increasing chance that the Senate, you know,

539
00:30:54,240 --> 00:30:55,920
Speaker 1: could flip. I think that's something that we that people

540
00:30:55,960 --> 00:30:58,400
Speaker 1: should pay attention to because it could change what kind

541
00:30:58,400 --> 00:31:00,600
Speaker 1: of policies. But do you think the Senate they could flip?

542
00:31:00,840 --> 00:31:02,959
Speaker 1: It's it's an increasing chance of that, whereas a year

543
00:31:03,000 --> 00:31:05,240
Speaker 1: ago it didn't seem likely at all. So you know

544
00:31:05,240 --> 00:31:07,080
Speaker 1: that would affect a lot of policies, whether it's from

545
00:31:07,120 --> 00:31:10,400
Speaker 1: tax or or you know, healthcare, al benicare. What do

546
00:31:10,440 --> 00:31:13,440
Speaker 1: you think the driving factor is that that now makes

547
00:31:13,440 --> 00:31:16,160
Speaker 1: you question that the that the Senate could flip. Well,

548
00:31:16,200 --> 00:31:19,560
Speaker 1: Trump's continued unpopularity, I mean, impeachment didn't really increase his

549
00:31:19,600 --> 00:31:23,200
Speaker 1: unpopularity remains unpopular and underwater. And that's a big driving factor.

550
00:31:23,280 --> 00:31:25,360
Speaker 1: Despite the economy that which is not moving it up.

551
00:31:25,560 --> 00:31:27,480
Speaker 1: And then there's the fact that there's new opportunities that

552
00:31:27,520 --> 00:31:30,080
Speaker 1: are opening up, whether it's the retirement of Pat Robertson

553
00:31:30,360 --> 00:31:34,480
Speaker 1: in Kansas or to Georgia retirements as well. And also

554
00:31:34,560 --> 00:31:36,400
Speaker 1: just the dynamics that are going to play in the Senate.

555
00:31:36,400 --> 00:31:39,800
Speaker 1: We have Senate increasingly interested in challenging Trump on human rights,

556
00:31:39,800 --> 00:31:42,280
Speaker 1: to sort of establish its own track record again with

557
00:31:42,360 --> 00:31:44,760
Speaker 1: drug pricing, trying to come up with some kind of

558
00:31:45,000 --> 00:31:48,200
Speaker 1: UH deal to just the number one concern of voters,

559
00:31:48,200 --> 00:31:52,320
Speaker 1: which is the skyrocketing price of drugs in America, and

560
00:31:52,320 --> 00:31:55,440
Speaker 1: and possibly even developing infrastructure planned by the fall. So

561
00:31:55,520 --> 00:31:57,280
Speaker 1: you know, these are things I want to be watching.

562
00:31:57,520 --> 00:32:00,520
Speaker 1: It's a lot to watch lots of you know what's

563
00:32:00,520 --> 00:32:03,239
Speaker 1: on my ranar? Kim Jong n Did you see this?

564
00:32:03,600 --> 00:32:06,200
Speaker 1: North Korean leader? Reading from the Associated Press, North Korean

565
00:32:06,280 --> 00:32:10,200
Speaker 1: leader Kim Jong un called for his military and diplomats

566
00:32:10,240 --> 00:32:15,080
Speaker 1: to prepare unspecified offensive measures to protect the country's security

567
00:32:15,160 --> 00:32:19,360
Speaker 1: and sovereignty, the North Korean state media said on Monday,

568
00:32:19,360 --> 00:32:21,520
Speaker 1: before his end of the year deadline for the Trump

569
00:32:21,560 --> 00:32:26,640
Speaker 1: administration to make major concessions to salvage a fragile nuclear diplomacy.

570
00:32:26,760 --> 00:32:29,440
Speaker 1: So with tensions. We started the show off by talking

571
00:32:29,480 --> 00:32:34,600
Speaker 1: about Iran and Iraq and now this brewing North Korea situation.

572
00:32:35,200 --> 00:32:38,280
Speaker 1: It's going to be interesting. And there's the elect the election.

573
00:32:38,400 --> 00:32:41,160
Speaker 1: Don't forget about the presidential election. Okay. My favorite book

574
00:32:41,160 --> 00:32:44,080
Speaker 1: of the year can't Wait. Well, my favorite book last year,

575
00:32:44,480 --> 00:32:47,360
Speaker 1: which still is one of my all time favorite books.

576
00:32:47,360 --> 00:32:50,160
Speaker 1: It's called Daring to Drive by Minal al Sharif. It

577
00:32:50,240 --> 00:32:53,400
Speaker 1: is the memoir of one of the activists in Saudi

578
00:32:53,400 --> 00:32:58,280
Speaker 1: Arabia who posted on social media her driving a car

579
00:32:58,520 --> 00:33:00,760
Speaker 1: and back a couple of years years ago until I

580
00:33:00,760 --> 00:33:03,640
Speaker 1: believe only in the last two years. It was against

581
00:33:03,640 --> 00:33:07,520
Speaker 1: Saudi custom for women to drive cars in Saudi Arabia,

582
00:33:07,680 --> 00:33:12,560
Speaker 1: This book is a fascinating accounts of a of a

583
00:33:12,600 --> 00:33:17,560
Speaker 1: Saudi Aramco employee who posted on various social media accounts

584
00:33:17,960 --> 00:33:20,640
Speaker 1: and she was jailed and prisoned, and it's it's a

585
00:33:20,720 --> 00:33:24,840
Speaker 1: really fascinating look into Saudi Arabia and just how much

586
00:33:25,360 --> 00:33:29,920
Speaker 1: they lag behind on basic rights and and issues. But

587
00:33:30,000 --> 00:33:34,240
Speaker 1: my favorite book this year is fiction and it's called

588
00:33:35,240 --> 00:33:38,200
Speaker 1: The End of the World Running Club by Adrian Walker,

589
00:33:38,240 --> 00:33:39,960
Speaker 1: and it's about asteroid that hits the Earth and this

590
00:33:40,040 --> 00:33:43,200
Speaker 1: guy has to run across the country to save his family.

591
00:33:44,360 --> 00:33:47,480
Speaker 1: It could have been the title of my memoir why

592
00:33:48,080 --> 00:33:55,240
Speaker 1: sometimes the news feels like I'm kidding happy. Thanks for

593
00:33:55,360 --> 00:34:00,800
Speaker 1: spending it with you know, and thank you for listening.

594
00:34:00,840 --> 00:34:03,600
Speaker 1: If you're out there, Please be safe tonight. Please drive

595
00:34:03,640 --> 00:34:06,920
Speaker 1: safe tonight. Please drive safe tonight, Please drive safe to

596
00:34:08,440 --> 00:34:11,719
Speaker 1: or taken uber and just be safe. It's not worth it, everybody.

597
00:34:12,080 --> 00:34:14,480
Speaker 1: And Happy New Year. Thanks for following along. So much

598
00:34:14,480 --> 00:34:16,799
Speaker 1: news to get through next year. I have off for

599
00:34:16,800 --> 00:34:19,480
Speaker 1: the rest of the week. I will be back on Monday.

600
00:34:19,560 --> 00:34:23,319
Speaker 1: And Eric Wawson just got me alert. It looks like

601
00:34:23,360 --> 00:34:25,000
Speaker 1: there's a lot of news. Happy to hear everybody. I'm

602
00:34:25,040 --> 00:34:26,480
Speaker 1: Kevin Silli you're listening to bluebird,