1 00:00:00,400 --> 00:00:03,080 Speaker 1: Why from our nations came this budget thing is going 2 00:00:03,120 --> 00:00:05,560 Speaker 1: to do nothing Space Force. I still think it's interesting 3 00:00:05,600 --> 00:00:08,920 Speaker 1: President Trump not playing his cards yet. Headlines Policy and 4 00:00:09,080 --> 00:00:15,000 Speaker 1: Politics colliding Floomberg Sound On, The Insiders, the Influencers, the insides. 5 00:00:15,120 --> 00:00:17,400 Speaker 1: I would rather see a congressional solution. It's part of 6 00:00:17,400 --> 00:00:20,560 Speaker 1: my DNA. The Senate map in looks a lot different 7 00:00:20,560 --> 00:00:23,360 Speaker 1: than it looked ins You really have a divide within 8 00:00:23,600 --> 00:00:26,160 Speaker 1: Team Trump. The president has to do exactly what people 9 00:00:26,160 --> 00:00:27,920 Speaker 1: send him here to do, which is to get it done. 10 00:00:28,280 --> 00:00:32,840 Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg 11 00:00:33,400 --> 00:00:37,320 Speaker 1: N one and World five point seven FM h D two. 12 00:00:37,680 --> 00:00:40,320 Speaker 1: I'm June Grosso sitting in for Kevin Cirelli on a 13 00:00:40,440 --> 00:00:44,360 Speaker 1: huge newsday. President Trump is one step closer to being 14 00:00:44,440 --> 00:00:48,080 Speaker 1: only the third president impeached in our country's history. House 15 00:00:48,159 --> 00:00:52,200 Speaker 1: Democrats unveiled two articles of impeachment against the President. Then 16 00:00:52,400 --> 00:00:55,600 Speaker 1: about an hour later, House Democrats announced an agreement on 17 00:00:55,600 --> 00:00:59,360 Speaker 1: a revised trade pack with Canada and Mexico, putting Trump 18 00:00:59,440 --> 00:01:01,960 Speaker 1: one steps to do a major political win as he 19 00:01:01,960 --> 00:01:05,440 Speaker 1: heads into the election. That Tony was not a coincidence. 20 00:01:06,000 --> 00:01:08,920 Speaker 1: We're gonna be talking about that. But how's Democrats unveiled 21 00:01:09,040 --> 00:01:12,400 Speaker 1: two articles of impeachment against the president this morning, abuse 22 00:01:12,440 --> 00:01:16,280 Speaker 1: of power and obstruction of Congress. Here's House Intelligence Chair 23 00:01:16,360 --> 00:01:19,520 Speaker 1: Adam Schiff. The president's musconda goes to the heart of 24 00:01:19,520 --> 00:01:21,960 Speaker 1: whether we can conduct a free and fair election in 25 00:01:23,560 --> 00:01:26,160 Speaker 1: It is bad enough for candidate to invite for interference 26 00:01:26,360 --> 00:01:29,440 Speaker 1: in our political process, but it is far more corrosive 27 00:01:29,520 --> 00:01:32,480 Speaker 1: for a president to do so and to abuse his 28 00:01:32,600 --> 00:01:36,240 Speaker 1: power to make it so. My guest this hour our 29 00:01:36,360 --> 00:01:40,520 Speaker 1: ash right Republican strategist and political advisor to George W. Bush, 30 00:01:40,560 --> 00:01:43,680 Speaker 1: former political director for the Republican Party of Texas, and 31 00:01:43,840 --> 00:01:47,920 Speaker 1: Josh wind Grove Bloomberg, White House reporter. So, Josh, starting 32 00:01:47,960 --> 00:01:51,480 Speaker 1: with you, only two articles of impeachment A lot of people, 33 00:01:51,920 --> 00:01:57,720 Speaker 1: including myself, we're expecting at least three. So obstruction of justice, 34 00:01:57,880 --> 00:02:01,960 Speaker 1: which both Nixon and Clinton article is included, is not there? 35 00:02:02,000 --> 00:02:04,400 Speaker 1: What are they saying about these? You know? The limit 36 00:02:04,720 --> 00:02:08,079 Speaker 1: of this? Well, I guess that they were seeing it 37 00:02:08,120 --> 00:02:11,320 Speaker 1: as a case of overpromising and hunter delivering, or at 38 00:02:11,400 --> 00:02:14,160 Speaker 1: least trying to focus this. I mean, you know, the 39 00:02:14,200 --> 00:02:17,360 Speaker 1: Democrats continue to argue that they president has left them 40 00:02:17,440 --> 00:02:20,399 Speaker 1: effectively no choice. And you know, Nancy Pelosi said today 41 00:02:20,480 --> 00:02:22,519 Speaker 1: was not a coincidence that this landed on the same 42 00:02:22,600 --> 00:02:26,040 Speaker 1: day of their deal on the U S M c A. 43 00:02:26,200 --> 00:02:29,080 Speaker 1: I don't really buy that so much. She chucked it 44 00:02:29,160 --> 00:02:31,800 Speaker 1: up just to sort of the December rush. But you know, 45 00:02:31,840 --> 00:02:34,600 Speaker 1: they want to sort of be hedging this with this 46 00:02:35,080 --> 00:02:37,800 Speaker 1: sort of you know, other hand approach of giving Donald 47 00:02:37,919 --> 00:02:41,320 Speaker 1: up a trade deal, albeit a revised trade deal. Well 48 00:02:41,440 --> 00:02:43,640 Speaker 1: also sort of you know, dragging him into the town square. 49 00:02:43,720 --> 00:02:45,880 Speaker 1: So that's where we're at with this, and you know, 50 00:02:45,919 --> 00:02:48,560 Speaker 1: I think the we're gonna be hitting the gas on 51 00:02:48,639 --> 00:02:51,560 Speaker 1: it for a little while. But how quickly both those 52 00:02:51,560 --> 00:02:53,840 Speaker 1: things will move in the Senate is an open question. 53 00:02:53,880 --> 00:02:55,960 Speaker 1: So they'll I think they'll be linked going forward for 54 00:02:56,120 --> 00:02:59,679 Speaker 1: you know, weeks or more. Also joining us now is 55 00:02:59,760 --> 00:03:04,560 Speaker 1: Lewis Miranda, former d n C communications director. Was this 56 00:03:04,639 --> 00:03:07,680 Speaker 1: a good move by the Democrats to limit this so 57 00:03:07,720 --> 00:03:11,720 Speaker 1: sharply to two articles of impeachment? Well, I think that 58 00:03:12,080 --> 00:03:14,079 Speaker 1: for the American public, kid they kept it simple. I mean, 59 00:03:14,080 --> 00:03:16,480 Speaker 1: this is a brief document that's easy to get through 60 00:03:16,520 --> 00:03:18,880 Speaker 1: for people who are curious to be able to understand 61 00:03:18,880 --> 00:03:20,400 Speaker 1: the concepts. I think One of the things that was 62 00:03:20,440 --> 00:03:22,600 Speaker 1: definitely evident in the Mila report is that there were 63 00:03:22,639 --> 00:03:25,760 Speaker 1: ten very clear cases of obstruction of justice, but it 64 00:03:25,840 --> 00:03:28,359 Speaker 1: got very confusing for the public. And I think as 65 00:03:28,400 --> 00:03:32,680 Speaker 1: far as this is a political process, uh constitutionally demanded 66 00:03:32,720 --> 00:03:35,480 Speaker 1: political process, I think it's important that it's clear and 67 00:03:35,520 --> 00:03:38,400 Speaker 1: easy for the general public to understand and take away 68 00:03:38,960 --> 00:03:41,280 Speaker 1: what's at stake here and why they're doing this. And 69 00:03:41,280 --> 00:03:43,880 Speaker 1: I think they've laid out a compelling case that is 70 00:03:43,920 --> 00:03:46,240 Speaker 1: borne out by the facts, the fact that the president 71 00:03:47,240 --> 00:03:52,480 Speaker 1: violated his authority and and very clearly um used his 72 00:03:52,560 --> 00:03:56,320 Speaker 1: power to try to get political advantage in the upcoming election. 73 00:03:56,360 --> 00:03:58,560 Speaker 1: This isn't even about sixteen but the advantage that he 74 00:03:58,600 --> 00:04:01,440 Speaker 1: tried to gain in the election. And I think as 75 00:04:01,480 --> 00:04:04,280 Speaker 1: far as you know, whether it's the markets or businesses 76 00:04:04,320 --> 00:04:07,200 Speaker 1: are concerned, they've there's been a lot of non reactions 77 00:04:07,280 --> 00:04:09,120 Speaker 1: so far, and I think part of the reason for 78 00:04:09,160 --> 00:04:11,200 Speaker 1: that is is one of the expectation that maybe the 79 00:04:11,200 --> 00:04:14,200 Speaker 1: Senate doesn't act, but also that if he's gone, maybe 80 00:04:14,280 --> 00:04:17,200 Speaker 1: a President Pence isn't such a bad thing either. So 81 00:04:17,360 --> 00:04:20,640 Speaker 1: Ash we've had days and days of hearings and lately 82 00:04:20,800 --> 00:04:24,800 Speaker 1: two days basically of hearing lawyers talk, whether it's law 83 00:04:24,800 --> 00:04:29,760 Speaker 1: professors or counsel for the various committees. So do you 84 00:04:29,839 --> 00:04:33,039 Speaker 1: think that the Democrats have done their best or have 85 00:04:33,080 --> 00:04:36,839 Speaker 1: they made a good case for Republicans to deny impeachment. Well, 86 00:04:36,880 --> 00:04:39,760 Speaker 1: I don't think that they've made a good case for 87 00:04:39,839 --> 00:04:43,760 Speaker 1: themselves to accuse the president of something that is impeachable 88 00:04:44,640 --> 00:04:47,120 Speaker 1: or as an impeachable offense. I do think, to Nancy 89 00:04:47,440 --> 00:04:51,039 Speaker 1: Pelosi's credit and to the Congress's credit, uh, to be 90 00:04:51,200 --> 00:04:53,320 Speaker 1: a conservative and give them credit is if you look 91 00:04:53,360 --> 00:04:55,560 Speaker 1: back to Bill Clinton when he was impeached, they were 92 00:04:55,560 --> 00:04:58,560 Speaker 1: actually four articles of impeachment, but two of those felled. 93 00:04:58,600 --> 00:05:01,279 Speaker 1: And so I think they looked back on history and 94 00:05:01,720 --> 00:05:04,680 Speaker 1: made a wise decision to simplify the process and to 95 00:05:05,040 --> 00:05:08,320 Speaker 1: UM limit it to UM to two articles of impeachment. 96 00:05:08,360 --> 00:05:13,080 Speaker 1: But I think UM, what they're essentially accusing of the 97 00:05:13,120 --> 00:05:17,000 Speaker 1: president of UM and what they said today was that 98 00:05:17,080 --> 00:05:20,680 Speaker 1: it it was a matter of national security. But as 99 00:05:20,720 --> 00:05:24,200 Speaker 1: Trump has argued all along, and as Republicans have argued 100 00:05:24,240 --> 00:05:27,400 Speaker 1: all along, is that UM foreign aid isn't a matter 101 00:05:27,400 --> 00:05:30,040 Speaker 1: of national security for us here at home. And so 102 00:05:30,600 --> 00:05:32,800 Speaker 1: I think there's there's a lot of gray area. I 103 00:05:32,839 --> 00:05:34,839 Speaker 1: don't think that they actually made their case, and I 104 00:05:34,839 --> 00:05:36,719 Speaker 1: think that's why they're having to move on and move 105 00:05:36,760 --> 00:05:39,680 Speaker 1: forward with a vote that will be straight down party lines. 106 00:05:39,720 --> 00:05:42,359 Speaker 1: We all know that Nancy Pelosi does not lose votes 107 00:05:42,400 --> 00:05:44,400 Speaker 1: from her party on the floor. But at the same time, 108 00:05:44,760 --> 00:05:47,560 Speaker 1: as of today, there's not a single Republican that's stating 109 00:05:47,560 --> 00:05:50,160 Speaker 1: that they're going to vote um with Nancy Pelosi and 110 00:05:50,200 --> 00:05:53,360 Speaker 1: the Democrats for impeachment on either of these two articles, 111 00:05:53,360 --> 00:05:55,919 Speaker 1: and so UM it's it's gonna be a party a 112 00:05:55,960 --> 00:05:58,000 Speaker 1: party line vote, and I think that will in the 113 00:05:58,080 --> 00:06:00,200 Speaker 1: end be be a mistake for them as a move 114 00:06:00,240 --> 00:06:04,160 Speaker 1: into and Democrats say that they have moved the process 115 00:06:04,279 --> 00:06:08,160 Speaker 1: forward quickly because they have enough evidence and because they 116 00:06:08,200 --> 00:06:11,960 Speaker 1: want to get this over with quickly. Um Lewis, I 117 00:06:12,000 --> 00:06:14,920 Speaker 1: believe there are two Democrats already who have said they 118 00:06:14,920 --> 00:06:19,760 Speaker 1: won't vote for the two articles of impeachment. Does Nancy 119 00:06:19,760 --> 00:06:23,280 Speaker 1: Pelosi have a hold on her caucus. I sh'll get 120 00:06:23,279 --> 00:06:26,320 Speaker 1: the overwhelming majority that she needs. I think the the 121 00:06:26,360 --> 00:06:29,720 Speaker 1: greater issue will be, UM how many Republicans are moved. 122 00:06:29,760 --> 00:06:31,760 Speaker 1: You have a lot of Republicans who are retiring on 123 00:06:31,800 --> 00:06:34,479 Speaker 1: the House side, you have a lot of UH Senate 124 00:06:34,760 --> 00:06:38,200 Speaker 1: Republicans who are looking at at races in difficult states, 125 00:06:38,200 --> 00:06:41,320 Speaker 1: and so you're gonna see pressure I think mounting in 126 00:06:41,640 --> 00:06:44,839 Speaker 1: those spaces that there's not really a question about the 127 00:06:44,920 --> 00:06:48,799 Speaker 1: Democrats holding together enough numbers. It'll be just a question 128 00:06:48,839 --> 00:06:51,520 Speaker 1: about whether any Republicans start to fall as the numbers 129 00:06:51,520 --> 00:06:53,200 Speaker 1: continue to creep up. As they have, you have a 130 00:06:53,240 --> 00:06:58,000 Speaker 1: majority uh now who support both impeachment and remove all 131 00:06:58,120 --> 00:07:01,760 Speaker 1: the slightly different varying numbers they are UH. And that's significant. 132 00:07:01,800 --> 00:07:04,359 Speaker 1: That's a big change. And and the more that this 133 00:07:04,480 --> 00:07:07,359 Speaker 1: gets attention, the more that the president acts uh in 134 00:07:07,400 --> 00:07:10,280 Speaker 1: an in an unhinged way, that could very well affect them. 135 00:07:10,320 --> 00:07:12,040 Speaker 1: And again, I think the case the Democrats have to 136 00:07:12,080 --> 00:07:16,200 Speaker 1: be making is that, UM, you know that there's there's 137 00:07:16,200 --> 00:07:19,520 Speaker 1: a very credible and serious case here. UH. There is 138 00:07:19,520 --> 00:07:21,280 Speaker 1: a national security aspect of this, because it's not just 139 00:07:21,280 --> 00:07:24,160 Speaker 1: fourign A, it's foreign a specifically to hold the line 140 00:07:24,160 --> 00:07:27,680 Speaker 1: on Russian aggression against the West, against our allies and NATO. UM, 141 00:07:27,720 --> 00:07:30,120 Speaker 1: Donald Trump has made us less safe, has made our 142 00:07:30,480 --> 00:07:35,120 Speaker 1: traditional allies more unstable. Are traditional alliances and and that 143 00:07:35,160 --> 00:07:38,080 Speaker 1: has an impact that I think Democrats have not spoken 144 00:07:38,080 --> 00:07:42,440 Speaker 1: to enough, which speaks to our stability financially um from 145 00:07:42,440 --> 00:07:46,720 Speaker 1: a perspective of economic security as well as national security. 146 00:07:46,760 --> 00:07:49,400 Speaker 1: And I think if they start to make those broader 147 00:07:49,520 --> 00:07:52,480 Speaker 1: arguments that connect to a wider audience like the one 148 00:07:52,480 --> 00:07:55,560 Speaker 1: here on Bloomberg, I think you'll start to see much 149 00:07:55,600 --> 00:07:59,360 Speaker 1: more interest in at least some Republicans who are either 150 00:07:59,440 --> 00:08:03,200 Speaker 1: leaving or doable to to rethink their position. And Josh, today, 151 00:08:03,280 --> 00:08:08,080 Speaker 1: President Trump hosted Russian Foreign Minister Sergei Lavrov, just hours 152 00:08:08,120 --> 00:08:13,240 Speaker 1: after the House Democrats unveiled articles of impeachment, and what 153 00:08:13,360 --> 00:08:16,080 Speaker 1: I heard on the Twitter verse was, well, the president 154 00:08:16,080 --> 00:08:18,960 Speaker 1: of Ukraine couldn't get a meeting with Trump, but Russia's 155 00:08:19,040 --> 00:08:22,160 Speaker 1: point man gets a meeting. Yeah. And you know, I 156 00:08:22,160 --> 00:08:24,160 Speaker 1: think one of the things that was really interesting that 157 00:08:24,200 --> 00:08:27,280 Speaker 1: came out of all the documentation over the last seven months, 158 00:08:27,280 --> 00:08:31,280 Speaker 1: you know, mid all the high temperatures I think we've 159 00:08:31,280 --> 00:08:35,920 Speaker 1: had here in Washington, is that it wasn't initially clear 160 00:08:36,000 --> 00:08:38,800 Speaker 1: that the big thing that Ukraine wanted, arguably more than 161 00:08:38,840 --> 00:08:42,000 Speaker 1: the AID, was a White House meeting. It was at least, 162 00:08:42,240 --> 00:08:46,640 Speaker 1: you know, roughly on par they foreign governments seek this 163 00:08:46,800 --> 00:08:49,960 Speaker 1: it's an instant shot to the arm of legitimacy, and 164 00:08:50,000 --> 00:08:52,360 Speaker 1: so they haven't got that. He did get a meeting 165 00:08:52,600 --> 00:08:54,920 Speaker 1: at the UN General Assembly in New York. That's close, 166 00:08:55,360 --> 00:08:58,720 Speaker 1: but you know, to to invite our tribal Russia, our 167 00:08:58,880 --> 00:09:05,520 Speaker 1: invader Russia instead is definitely a rebuke of Zelinski and 168 00:09:05,640 --> 00:09:07,200 Speaker 1: the read off from the White House of the meeting today. 169 00:09:07,200 --> 00:09:10,160 Speaker 1: Press weren't allowed into the meeting, nor, I would add, 170 00:09:10,160 --> 00:09:15,320 Speaker 1: were Russian press and Russian photographers. Yes, yeah, press weren't 171 00:09:15,360 --> 00:09:19,079 Speaker 1: allowed to meet. Yes, it is unusual. It is unusual 172 00:09:19,120 --> 00:09:20,440 Speaker 1: for Trump not to open up that kind of thing. 173 00:09:20,520 --> 00:09:22,360 Speaker 1: The press were not allowed. So the read out they 174 00:09:22,400 --> 00:09:25,400 Speaker 1: said is that the president quote urged Russia to resolve 175 00:09:25,440 --> 00:09:29,040 Speaker 1: the conflict with Ukraine. That is like urging a bully 176 00:09:29,080 --> 00:09:31,920 Speaker 1: to resolve the conflict with someone who's picking on, you know, 177 00:09:33,320 --> 00:09:37,240 Speaker 1: anything less then I think full throated support of Ukraine 178 00:09:37,240 --> 00:09:43,120 Speaker 1: in the CRIMEA situation is it will be noted by 179 00:09:43,120 --> 00:09:44,840 Speaker 1: both countries. And this is book ended in such a 180 00:09:44,840 --> 00:09:47,600 Speaker 1: fascinating way because you have the meeting with Lavrov two 181 00:09:47,679 --> 00:09:52,200 Speaker 1: years ago at which he basically cheered the fact that 182 00:09:52,240 --> 00:09:55,240 Speaker 1: he had just fired the FBI director uh and then 183 00:09:55,520 --> 00:09:57,720 Speaker 1: The most interesting thing too, is that this call with 184 00:09:57,840 --> 00:10:01,880 Speaker 1: a Zelenski on July where he asked him to carry 185 00:10:01,880 --> 00:10:05,880 Speaker 1: out these investigations against his political rival Um came the 186 00:10:05,960 --> 00:10:08,400 Speaker 1: day after the Mula report. He he references it in 187 00:10:08,440 --> 00:10:11,600 Speaker 1: that call, and so uh that there's it's almost as 188 00:10:11,640 --> 00:10:15,920 Speaker 1: if he's, you know, egging people on and and asking 189 00:10:16,000 --> 00:10:18,680 Speaker 1: for for just greater scrutiny in the way that he 190 00:10:18,720 --> 00:10:21,240 Speaker 1: times these things. And and look, he knows that that 191 00:10:21,600 --> 00:10:25,199 Speaker 1: impeachment might be politically advantageous to him. I think he's 192 00:10:25,240 --> 00:10:28,400 Speaker 1: been playing on the idea um that sort of that 193 00:10:28,520 --> 00:10:30,600 Speaker 1: same bravado that he exhibited when he said he could 194 00:10:30,600 --> 00:10:33,160 Speaker 1: shoot somebody on Fifth Avenue and nothing would happen to him. 195 00:10:33,440 --> 00:10:35,840 Speaker 1: I think he he wants this to to be out 196 00:10:35,840 --> 00:10:38,920 Speaker 1: there because he thinks it helps him politically. UM And 197 00:10:38,920 --> 00:10:41,040 Speaker 1: and Democrats certainly didn't want to have to go down 198 00:10:41,040 --> 00:10:43,840 Speaker 1: this route. They're doing it because constitutionally they're they're obligated 199 00:10:43,880 --> 00:10:45,400 Speaker 1: to and I think it's the right thing to do. 200 00:10:45,800 --> 00:10:47,560 Speaker 1: But but there is that sort of dynamic where he 201 00:10:47,559 --> 00:10:51,439 Speaker 1: seems to be just sort of showing off. At the 202 00:10:51,480 --> 00:10:56,160 Speaker 1: same time as if you were advising President Trump, would 203 00:10:56,200 --> 00:10:58,800 Speaker 1: you have advised him not to have that meeting today 204 00:10:58,800 --> 00:11:01,679 Speaker 1: with lab Row because you know, the optics of it 205 00:11:01,760 --> 00:11:05,679 Speaker 1: were just odd, if nothing else, Sure, I definitely think 206 00:11:05,720 --> 00:11:08,480 Speaker 1: the optics of it were very strange. I think there's 207 00:11:08,559 --> 00:11:11,200 Speaker 1: it's kind of more complicated than just an advising of 208 00:11:11,280 --> 00:11:14,000 Speaker 1: not taking a meeting. I mean, these these meetings are 209 00:11:14,000 --> 00:11:16,679 Speaker 1: scheduled months and months out, these people are traveling in 210 00:11:16,720 --> 00:11:20,320 Speaker 1: from foreign countries. It's very difficult to just say to 211 00:11:20,440 --> 00:11:23,079 Speaker 1: just say, hey, look, it's it's not a good day. Democrats, 212 00:11:23,400 --> 00:11:26,559 Speaker 1: you know, came out and announced these articles of impeachment 213 00:11:26,559 --> 00:11:29,520 Speaker 1: which resolve around this Ukraine issue, and and so the 214 00:11:29,559 --> 00:11:32,080 Speaker 1: optics of it look bad, because then the optics of 215 00:11:32,200 --> 00:11:35,480 Speaker 1: canceling meetings over the fear of looking bad would also 216 00:11:35,520 --> 00:11:38,760 Speaker 1: be optically bad. And so you know, I think it's 217 00:11:38,760 --> 00:11:41,199 Speaker 1: one of those things that that I think maybe the 218 00:11:42,360 --> 00:11:44,920 Speaker 1: planning on the Democrats side maybe as a little too 219 00:11:44,920 --> 00:11:48,520 Speaker 1: coincidental for the American people and kind of helps muddy 220 00:11:48,559 --> 00:11:51,120 Speaker 1: the waters and does UM kind of get at the 221 00:11:51,160 --> 00:11:55,200 Speaker 1: president publicly and politically. UM in a sense that UM, 222 00:11:55,360 --> 00:11:58,000 Speaker 1: as Lewis pointed out, they do tend to book d 223 00:11:58,320 --> 00:12:02,640 Speaker 1: his meetings where he's doing at toool foreign business for 224 00:12:02,679 --> 00:12:06,200 Speaker 1: our nation with politics here in Washington, d C. All right, well, 225 00:12:06,280 --> 00:12:09,680 Speaker 1: let's explore that more and we're gonna be talking coming 226 00:12:09,760 --> 00:12:14,360 Speaker 1: up about that NAFTA agreement, which the timing there was 227 00:12:14,520 --> 00:12:17,880 Speaker 1: more than coincidence, according to Nancy Pelosi. But do you 228 00:12:17,920 --> 00:12:21,640 Speaker 1: believe what she said? And also download the Bloomberg Sound 229 00:12:21,679 --> 00:12:25,440 Speaker 1: On podcast on iTunes at Bloomberg dot com or downloading 230 00:12:25,440 --> 00:12:28,160 Speaker 1: the Bloomberg Business App. You can find us on Radio 231 00:12:28,200 --> 00:12:31,960 Speaker 1: dot com, I Heart Radio, and Spotify. I'm June Grosso. 232 00:12:32,040 --> 00:12:40,000 Speaker 1: You're listening to Bloomberg. This is Bloomberg's Sound On with 233 00:12:40,080 --> 00:12:44,520 Speaker 1: Kevin Surrele on Bloomberg and one all five point seven 234 00:12:44,520 --> 00:12:50,600 Speaker 1: of MHD two. I'm June Brasso sitting in for Kevin Serelli. Well, 235 00:12:50,640 --> 00:12:53,920 Speaker 1: the NAFTA overhaul has been languishing for more than a year. 236 00:12:53,960 --> 00:12:57,679 Speaker 1: But today, about an hour after House Democrats announced two 237 00:12:57,840 --> 00:13:01,959 Speaker 1: articles of impeachment against President Trump, Speaker Nancy Pelosi, flank 238 00:13:02,000 --> 00:13:04,840 Speaker 1: by more than thirty of her colleagues, announced the long 239 00:13:04,880 --> 00:13:08,520 Speaker 1: awaited trade deal. She said the back to back announcements 240 00:13:08,559 --> 00:13:12,280 Speaker 1: were not a coincidence. Now, it's not a coincidence. It's 241 00:13:12,360 --> 00:13:15,520 Speaker 1: just as we get to the end of a session. Uh, well, 242 00:13:15,559 --> 00:13:19,000 Speaker 1: have to be some decisions made. Uh. The timetable for 243 00:13:19,040 --> 00:13:23,520 Speaker 1: impeachment is the timetable of the committees and that came 244 00:13:23,559 --> 00:13:27,120 Speaker 1: to an end of with the hearing yesterday, but still 245 00:13:27,160 --> 00:13:30,520 Speaker 1: an hour apart. I want to talk to my guest 246 00:13:30,559 --> 00:13:33,800 Speaker 1: this hour, Louis Lewis Miranda Sorry, former d n C 247 00:13:33,960 --> 00:13:38,800 Speaker 1: communications director Ash Wright, Republican strategists, and Josh wind Grove 248 00:13:39,200 --> 00:13:44,160 Speaker 1: Bloomberg White House reporter. Well, Louis, do you buy that 249 00:13:44,160 --> 00:13:48,319 Speaker 1: that that explanation from Pelosi when they could have waited 250 00:13:48,360 --> 00:13:51,000 Speaker 1: a few hours or a day to announce. Hey, why not? 251 00:13:51,120 --> 00:13:52,920 Speaker 1: The timing is right. And look, I think that the 252 00:13:52,960 --> 00:13:55,000 Speaker 1: most important thing here is that Mexico is the number 253 00:13:55,040 --> 00:13:59,040 Speaker 1: one trading partner. Earlier this year. It it surpassed Canada. 254 00:13:59,160 --> 00:14:03,480 Speaker 1: It's uh UM traded US and Mexico traded three billion 255 00:14:03,480 --> 00:14:06,760 Speaker 1: dollars worth of goods of all US trade in the 256 00:14:06,800 --> 00:14:09,080 Speaker 1: first six months of this year alone, And so it's 257 00:14:09,120 --> 00:14:11,120 Speaker 1: it's a deal that needed to get done. Democrats have 258 00:14:11,160 --> 00:14:13,360 Speaker 1: been working very hard on it. And this isn't just 259 00:14:13,520 --> 00:14:16,760 Speaker 1: that they're now rubber stamping what the U. S Trade 260 00:14:16,760 --> 00:14:19,800 Speaker 1: rep and the Trump administration had done. Uh, they did 261 00:14:19,840 --> 00:14:21,840 Speaker 1: a lot of negotiations where they got a lot of 262 00:14:21,880 --> 00:14:25,280 Speaker 1: concessions and changes made in terms of enforcement and on 263 00:14:25,320 --> 00:14:27,560 Speaker 1: the labor and environmental fronts, and to be able to 264 00:14:27,600 --> 00:14:30,720 Speaker 1: really make sure that worker protections are in place. Uh, 265 00:14:30,800 --> 00:14:33,600 Speaker 1: that we're a problem under NAFTA, that we're either unenforceable 266 00:14:33,720 --> 00:14:35,440 Speaker 1: or just there was not the kind of monitoring that 267 00:14:35,480 --> 00:14:37,480 Speaker 1: there needed to be. So uh, the fact is they 268 00:14:37,520 --> 00:14:40,720 Speaker 1: actually made this trade agreement much stronger a model of 269 00:14:40,720 --> 00:14:43,200 Speaker 1: what trade agreements could and should be in So, uh, 270 00:14:43,240 --> 00:14:45,520 Speaker 1: it's more than appropriate that it comes out. But it 271 00:14:45,600 --> 00:14:48,200 Speaker 1: is important to note that Miss McConnell. Uh, they'll they'll 272 00:14:48,240 --> 00:14:49,880 Speaker 1: take it up in the House this coming week, but 273 00:14:49,880 --> 00:14:52,720 Speaker 1: but Miss McConnell has made it clear that it won't 274 00:14:52,800 --> 00:14:55,240 Speaker 1: be taken up in the Senate until after impeachment is done. 275 00:14:55,280 --> 00:14:58,600 Speaker 1: But nonetheless, it's an important thing for our largest trading corner. 276 00:14:59,240 --> 00:15:05,040 Speaker 1: So Josh Nancy Pelosi made clear that this was a 277 00:15:05,080 --> 00:15:08,640 Speaker 1: better deal and that the Democrats had done so much 278 00:15:08,720 --> 00:15:12,840 Speaker 1: to improve it. In port effect, had they done a 279 00:15:12,840 --> 00:15:15,520 Speaker 1: lot to improve the deal, had they brought labor in 280 00:15:15,640 --> 00:15:18,680 Speaker 1: and yeah, well yeah, I mean getting the endorsement of 281 00:15:18,720 --> 00:15:20,080 Speaker 1: the A F l c A was not a slam 282 00:15:20,160 --> 00:15:21,920 Speaker 1: dunk at the beginning of this process. So I think 283 00:15:22,000 --> 00:15:24,680 Speaker 1: that's notable. One change, and that's a bid in the weeds. 284 00:15:24,720 --> 00:15:29,200 Speaker 1: Is they they light hazard agreed to remove patent protection 285 00:15:29,520 --> 00:15:33,760 Speaker 1: for biologic drugs. These are sort of expensive, heavy duty drugs, 286 00:15:34,040 --> 00:15:36,120 Speaker 1: and they would have forced Mexico and Canada to raise 287 00:15:36,200 --> 00:15:39,400 Speaker 1: the patent protection within. Good news for American drugmakers, bad 288 00:15:39,440 --> 00:15:42,440 Speaker 1: news for users of those drugs in Mexico and Canada. 289 00:15:42,760 --> 00:15:44,960 Speaker 1: It's gone now. And the reason Pelosi wanted it out 290 00:15:44,960 --> 00:15:47,160 Speaker 1: of there is because she never wanted to hit that 291 00:15:47,240 --> 00:15:50,560 Speaker 1: floor if the US ever tried to lower its number 292 00:15:50,640 --> 00:15:54,000 Speaker 1: below ten years. So she she got that removed as 293 00:15:54,120 --> 00:15:55,840 Speaker 1: part of a sort of long term plan to lower 294 00:15:55,920 --> 00:15:58,320 Speaker 1: drug prices here. So, like I said, bad news for 295 00:15:58,400 --> 00:16:02,400 Speaker 1: drug makers, but the significance magnificant thing. You know that 296 00:16:02,520 --> 00:16:04,480 Speaker 1: that the trade walks of the world will will dig into. 297 00:16:04,520 --> 00:16:06,800 Speaker 1: You know, the President Trump just spoke about this. He 298 00:16:06,920 --> 00:16:08,160 Speaker 1: just left the White House on his way to a 299 00:16:08,240 --> 00:16:11,200 Speaker 1: rally in Pennsylvania and he said, without impeachment, they never 300 00:16:11,280 --> 00:16:13,080 Speaker 1: would have approved it. And this has been aligned we've 301 00:16:13,080 --> 00:16:15,520 Speaker 1: heard today, and you know, I think there is some 302 00:16:15,520 --> 00:16:19,880 Speaker 1: some truth to that. But again the lightheiser to get 303 00:16:19,920 --> 00:16:22,680 Speaker 1: this deal, to get Pelosi's blessing, really did have to 304 00:16:22,720 --> 00:16:26,200 Speaker 1: give up some core things and ash this is a 305 00:16:26,280 --> 00:16:29,440 Speaker 1: big win for the president as he runs for re 306 00:16:29,560 --> 00:16:33,440 Speaker 1: election in isn't it. Yeah? Absolutely? I mean the President 307 00:16:33,800 --> 00:16:37,320 Speaker 1: campaigned on this, UM, he promised this. This is something 308 00:16:37,360 --> 00:16:39,840 Speaker 1: that a lot of his base, the farmers that are 309 00:16:40,040 --> 00:16:43,480 Speaker 1: living in rural parts of our country that are voting 310 00:16:43,520 --> 00:16:47,400 Speaker 1: in swing states like Wisconsin, etcetera, have been have been 311 00:16:47,480 --> 00:16:50,000 Speaker 1: leaning on the President very heavy to do. And part 312 00:16:50,040 --> 00:16:53,640 Speaker 1: of what this brings in is an additional UM you know, 313 00:16:53,720 --> 00:16:56,720 Speaker 1: two billion dollars in exports for them, twenty five billion 314 00:16:56,840 --> 00:17:00,520 Speaker 1: in gross domestic products available for them, and you know, 315 00:17:00,560 --> 00:17:03,200 Speaker 1: and then and then not to mention the milk, m 316 00:17:03,480 --> 00:17:07,480 Speaker 1: poultry part of UM exports and imports with Canada that 317 00:17:07,520 --> 00:17:09,000 Speaker 1: will be a part of this. And so that it 318 00:17:09,080 --> 00:17:11,200 Speaker 1: was very important for the President to get this done. 319 00:17:11,200 --> 00:17:13,480 Speaker 1: And I also think that he sees it as a 320 00:17:13,560 --> 00:17:17,520 Speaker 1: win going into and a lot of these swing congressional districts. 321 00:17:17,560 --> 00:17:21,000 Speaker 1: If you look back to eighteen when Democrats were very 322 00:17:21,080 --> 00:17:23,960 Speaker 1: successful UM in the congressional map across the United States, 323 00:17:24,040 --> 00:17:27,680 Speaker 1: a lot of Democrats one based on a healthcare message, 324 00:17:27,720 --> 00:17:30,320 Speaker 1: and so a part of what the President UM did, 325 00:17:30,400 --> 00:17:34,439 Speaker 1: which was against many inside of the party which wanted 326 00:17:34,480 --> 00:17:37,560 Speaker 1: him to side with big pharma UM, but he actually 327 00:17:37,560 --> 00:17:42,280 Speaker 1: compromised on that allowed Democrats to go against those intellectual 328 00:17:42,320 --> 00:17:46,080 Speaker 1: property rights UM, which will in essence bring down drug 329 00:17:46,119 --> 00:17:49,480 Speaker 1: prices because it will allow UM for um uh you know, 330 00:17:49,560 --> 00:17:53,800 Speaker 1: for non name brand drugs to control the market essentially 331 00:17:53,800 --> 00:17:56,240 Speaker 1: and bring down drug prices. And I think the President 332 00:17:56,280 --> 00:18:00,040 Speaker 1: and many Republicans will campaign on that in i'd do 333 00:18:00,040 --> 00:18:03,240 Speaker 1: you think Lewis is right in a sense that Republicans 334 00:18:03,280 --> 00:18:05,879 Speaker 1: will wait until after impeachment hearings in the Senate to 335 00:18:05,920 --> 00:18:09,240 Speaker 1: pass it, and um, you know, I personally, I think 336 00:18:09,320 --> 00:18:13,480 Speaker 1: see that as a as a political mistake by Republicans. 337 00:18:13,480 --> 00:18:16,199 Speaker 1: I think they should take this up pacity immediately in 338 00:18:16,240 --> 00:18:19,120 Speaker 1: the Senate. But but you know, nevertheless, I think as 339 00:18:19,119 --> 00:18:21,359 Speaker 1: long as it's done early will be a win for 340 00:18:21,400 --> 00:18:23,760 Speaker 1: Republican And I think that the White House agrees with 341 00:18:23,760 --> 00:18:25,720 Speaker 1: you if they think it's a political mistake too, because 342 00:18:25,720 --> 00:18:28,160 Speaker 1: the statement from the White House today said it's long 343 00:18:28,200 --> 00:18:30,600 Speaker 1: overdue for Congress to take up the U S m 344 00:18:30,640 --> 00:18:32,359 Speaker 1: c A, and we expect to push hard on passing 345 00:18:32,400 --> 00:18:35,360 Speaker 1: the implementing bill before the end of the year. That 346 00:18:35,520 --> 00:18:37,600 Speaker 1: is a shot across the bow of Mitch McConnell, A 347 00:18:37,600 --> 00:18:40,399 Speaker 1: gentle shot across about but still you know that that 348 00:18:40,480 --> 00:18:42,600 Speaker 1: saving came out after McConnell made it clear he wanted 349 00:18:42,640 --> 00:18:45,040 Speaker 1: to vote on this after the impeachment trap. Let's listen 350 00:18:45,119 --> 00:18:49,119 Speaker 1: to Mitch McConnell. What is not possible, obviously, would be 351 00:18:49,160 --> 00:18:53,159 Speaker 1: to turn to an impeachment trial or to do U 352 00:18:53,240 --> 00:18:55,879 Speaker 1: S m c A in the Senate before we break 353 00:18:56,520 --> 00:19:01,439 Speaker 1: for Christmas. So lewis really not not possible to do 354 00:19:01,600 --> 00:19:03,879 Speaker 1: US m c A before Christmas? I think it is. 355 00:19:03,880 --> 00:19:06,359 Speaker 1: I mean, Nancy Pelosi made clear that we should be 356 00:19:06,400 --> 00:19:08,760 Speaker 1: able to walk into gum at the same time. This 357 00:19:08,840 --> 00:19:10,720 Speaker 1: has been the Democratic mantra that you can both do 358 00:19:10,760 --> 00:19:13,399 Speaker 1: impeachment and continue to do the business of the American people. 359 00:19:14,000 --> 00:19:15,960 Speaker 1: And and I think that's an important element. In fact, 360 00:19:16,640 --> 00:19:21,600 Speaker 1: today she was asked at another event um about you know, 361 00:19:21,640 --> 00:19:25,960 Speaker 1: the timing and and whether this was something that made 362 00:19:26,040 --> 00:19:27,840 Speaker 1: sense to do at the same time that you're impeaching 363 00:19:27,880 --> 00:19:30,080 Speaker 1: the president. And she made it clear that even though 364 00:19:30,119 --> 00:19:33,399 Speaker 1: they Democrats have to live up to their oath to 365 00:19:33,600 --> 00:19:36,760 Speaker 1: uphold the Constitution of hold and defend the Constitution. That 366 00:19:36,760 --> 00:19:38,600 Speaker 1: that doesn't mean that we hold up things that are 367 00:19:38,640 --> 00:19:42,440 Speaker 1: good for the country, like this trade agreement. And so um, 368 00:19:42,480 --> 00:19:45,240 Speaker 1: I think that the political pressure is there from all 369 00:19:45,280 --> 00:19:47,960 Speaker 1: sides and uh and and there's no reason that it 370 00:19:48,040 --> 00:19:53,280 Speaker 1: can't get done. Ash. Any reason why McConnell might not 371 00:19:53,440 --> 00:19:56,200 Speaker 1: be willing to do it now is is there anything 372 00:19:56,400 --> 00:19:58,520 Speaker 1: else going on in the background or does he just 373 00:19:58,560 --> 00:20:00,720 Speaker 1: want to say we have this impeach each mint stuff 374 00:20:00,800 --> 00:20:03,200 Speaker 1: is just hanging us up and it's stopping us from 375 00:20:03,240 --> 00:20:06,800 Speaker 1: going forward with other things. Sure, well, you know, I'm 376 00:20:06,800 --> 00:20:09,960 Speaker 1: sure that there are many actions going on behind the scenes. 377 00:20:10,000 --> 00:20:12,960 Speaker 1: I'm sure that Big Pharma and some of these other 378 00:20:13,080 --> 00:20:15,880 Speaker 1: losers in the deal UM are are putting a lot 379 00:20:15,920 --> 00:20:19,080 Speaker 1: of pressure on senators and members of the Senate to 380 00:20:19,440 --> 00:20:22,800 Speaker 1: um to to make changes to this in the Senate 381 00:20:22,880 --> 00:20:25,879 Speaker 1: and and and you know, versus just passing exactly what 382 00:20:25,960 --> 00:20:28,080 Speaker 1: has been agreed upon. Because one of the things that 383 00:20:28,080 --> 00:20:30,639 Speaker 1: that we forget today is that really today is simply 384 00:20:30,720 --> 00:20:33,560 Speaker 1: just a handshake agreement of this and and we all 385 00:20:33,600 --> 00:20:36,520 Speaker 1: know that handshakes in Washington, d c. Are are very 386 00:20:36,600 --> 00:20:40,520 Speaker 1: meaningless or or not very meaningful, and so UM you know, look, 387 00:20:40,560 --> 00:20:43,040 Speaker 1: I think they're the Senate is getting a lot of pressure, 388 00:20:43,040 --> 00:20:46,000 Speaker 1: and so it's easy to buy time with UM by 389 00:20:46,119 --> 00:20:50,240 Speaker 1: blaming the impeachment trial and the hearings, and that's what 390 00:20:50,280 --> 00:20:52,199 Speaker 1: they're gonna end up doing. But I think in the 391 00:20:52,240 --> 00:20:54,439 Speaker 1: long term it's it's a political mistake. And if this 392 00:20:54,480 --> 00:20:56,320 Speaker 1: is important for the President, he's going to pressure them 393 00:20:56,400 --> 00:20:58,639 Speaker 1: not to delay this or try to mess with it 394 00:20:58,760 --> 00:21:00,520 Speaker 1: or change it. And and he's a gonna want to 395 00:21:00,560 --> 00:21:04,600 Speaker 1: see significant changes that then force um, you know, any 396 00:21:04,680 --> 00:21:07,560 Speaker 1: any kind of further delay or or or collapse this. 397 00:21:07,720 --> 00:21:10,080 Speaker 1: He wants this win. And so that's the reason that 398 00:21:10,119 --> 00:21:13,080 Speaker 1: I think the Senate will ultimately rally around it. At 399 00:21:13,119 --> 00:21:15,720 Speaker 1: the same time, he's also facing the pressure over all 400 00:21:15,720 --> 00:21:19,080 Speaker 1: of the other trade issues, the tariffs and the deadline 401 00:21:19,080 --> 00:21:22,320 Speaker 1: with the Chinese coming up. So there's a lot of 402 00:21:22,520 --> 00:21:28,040 Speaker 1: people who are concerned about what it means to their pocketbooks, 403 00:21:28,119 --> 00:21:32,320 Speaker 1: UM to have these UH duty on about billion dollars 404 00:21:32,359 --> 00:21:35,639 Speaker 1: of Chinese products, which the President claims the Chinese are paying, 405 00:21:35,680 --> 00:21:38,159 Speaker 1: but that the general public is seeing that it's actually 406 00:21:38,160 --> 00:21:41,520 Speaker 1: coming out of their pocket and so he doesn't want Yeah, 407 00:21:41,560 --> 00:21:44,280 Speaker 1: he doesn't want that that fight on U S m 408 00:21:44,359 --> 00:21:46,320 Speaker 1: c A to drag out while he's also trying to 409 00:21:46,359 --> 00:21:48,720 Speaker 1: get those things done. A lot of moving parts here. 410 00:21:49,200 --> 00:21:54,640 Speaker 1: And remember the Democratic candidates for the presidential nomination. Remember them, 411 00:21:54,640 --> 00:21:57,040 Speaker 1: They've barely been in the background lately. But we're gonna 412 00:21:57,040 --> 00:21:59,520 Speaker 1: look at a new pole coming up. And remember to 413 00:21:59,600 --> 00:22:03,200 Speaker 1: download the Bloomberg Sound On podcast on iTunes, at Bloomberg 414 00:22:03,200 --> 00:22:05,919 Speaker 1: dot com or by downloading the Bloomberg Business App. You 415 00:22:05,960 --> 00:22:08,840 Speaker 1: can also find us on Radio dot com, I Heart Radio, 416 00:22:08,960 --> 00:22:15,920 Speaker 1: and Spotify. I'm June Grosso and you're listening to Bloomberg One. 417 00:22:17,680 --> 00:22:21,119 Speaker 1: You're listening to Bloomberg Sound On with Kevin Surley on 418 00:22:21,240 --> 00:22:24,680 Speaker 1: Bloomberg and one oh five point seven f m h 419 00:22:24,840 --> 00:22:27,920 Speaker 1: D two. I'm June Grosso, sitting in for Kevin s 420 00:22:28,160 --> 00:22:31,000 Speaker 1: Reli on a day where the news just didn't seem 421 00:22:31,080 --> 00:22:33,840 Speaker 1: to stop. So let's take a minute to look at 422 00:22:34,280 --> 00:22:39,280 Speaker 1: the Democratic prospects for presidential nomination. New pole came out today, 423 00:22:39,400 --> 00:22:43,399 Speaker 1: Monmouth University Pole, and let's start with Trump's reelection prospects 424 00:22:43,400 --> 00:22:47,800 Speaker 1: are holding steady at forty three percent. I'm talking with 425 00:22:48,119 --> 00:22:51,760 Speaker 1: Lewis Miranda, former d n C Communications director ash Wright 426 00:22:51,840 --> 00:22:56,240 Speaker 1: Republican strategists and Josh wind Grove Bloomberg White House reporter. 427 00:22:57,119 --> 00:23:01,000 Speaker 1: So Josh, A month in here and the impeachment hearings 428 00:23:01,080 --> 00:23:04,040 Speaker 1: don't seem to have moved the needle at all for 429 00:23:04,400 --> 00:23:08,840 Speaker 1: the numbers on Trump's reelection. No, I mean I've always 430 00:23:09,160 --> 00:23:11,200 Speaker 1: kind of wondered. I mean, in many ways, the ballot 431 00:23:11,240 --> 00:23:13,240 Speaker 1: question next year is really baked in. It's you know, 432 00:23:13,280 --> 00:23:16,400 Speaker 1: Trump or no Trump, And I think that's why we've 433 00:23:16,400 --> 00:23:20,520 Speaker 1: seen the candidates really not engaged too strongly on it. 434 00:23:20,640 --> 00:23:23,399 Speaker 1: I mean, it's not it's not like there's Democratic voters 435 00:23:23,440 --> 00:23:25,239 Speaker 1: that they're wooing in a primary that are like on 436 00:23:25,280 --> 00:23:28,439 Speaker 1: the fence ABOUTE Trump, you know so. And it's actually 437 00:23:28,440 --> 00:23:32,160 Speaker 1: aligned really nicely I guess for the Democrats in a way, 438 00:23:32,280 --> 00:23:34,399 Speaker 1: or poorly. I guess its depending on one of them's 439 00:23:34,440 --> 00:23:35,840 Speaker 1: up and losing edge where they started to really go 440 00:23:35,840 --> 00:23:39,920 Speaker 1: after each other. In particular, Bootage and Warren have been 441 00:23:40,200 --> 00:23:43,240 Speaker 1: slugging it out lately. I think that's been interesting to watch. 442 00:23:43,480 --> 00:23:48,080 Speaker 1: Biden has been obviously under the microscope again, um, but 443 00:23:48,200 --> 00:23:51,560 Speaker 1: his polls really don't seem to move. I feel like 444 00:23:51,640 --> 00:23:54,560 Speaker 1: voters are kind of like the reporters I know where 445 00:23:54,600 --> 00:23:57,080 Speaker 1: they're just sort of like in shock of all the 446 00:23:57,119 --> 00:24:01,199 Speaker 1: news that's coming their way, and Caroline whelming some days 447 00:24:01,280 --> 00:24:06,679 Speaker 1: like today was oh, just overwhelming one thing after the other. Well, um, Louis, 448 00:24:06,760 --> 00:24:10,719 Speaker 1: we have the numbers. It seems like the top candidates 449 00:24:10,760 --> 00:24:13,359 Speaker 1: just seemed to be switching positions a little bit or 450 00:24:13,440 --> 00:24:16,360 Speaker 1: getting uh, you know, the numbers a little off here 451 00:24:16,359 --> 00:24:22,760 Speaker 1: and there. So former Vice President Joe Biden, um, former 452 00:24:22,840 --> 00:24:29,159 Speaker 1: Massachusetts Senator Elizabeth Warren is at sevent and we're uh 453 00:24:29,720 --> 00:24:34,160 Speaker 1: Vermont Senator Bernie Sanders is in second place. I read 454 00:24:34,200 --> 00:24:37,800 Speaker 1: those a little bit backwards. So what's happening there? It's 455 00:24:37,840 --> 00:24:41,640 Speaker 1: just it's just seems to be not a great movement. Well, 456 00:24:41,640 --> 00:24:44,680 Speaker 1: it definitely seems like the top tier is solidifying and 457 00:24:44,720 --> 00:24:48,760 Speaker 1: no one else has really been able to break into it. Um. 458 00:24:48,800 --> 00:24:52,239 Speaker 1: Which speaks to the dynamic that you have with the 459 00:24:52,280 --> 00:24:56,400 Speaker 1: two wings of you will of the Democratic Party consolidating 460 00:24:56,400 --> 00:24:58,560 Speaker 1: behind who they care about Warren and Sanders um the 461 00:24:59,240 --> 00:25:03,080 Speaker 1: progressive left and uh Biden bootage a little bit closer 462 00:25:03,119 --> 00:25:06,560 Speaker 1: to the center there um and and so that's significant 463 00:25:06,600 --> 00:25:08,959 Speaker 1: because it's it lays out that it's gonna be very 464 00:25:08,960 --> 00:25:11,040 Speaker 1: hard for anyone else to break into that top tier. 465 00:25:11,240 --> 00:25:14,600 Speaker 1: So I do think it's notable that Michael Bloomberg has 466 00:25:14,680 --> 00:25:17,800 Speaker 1: with his advertising blitz, being able to climb in in 467 00:25:17,960 --> 00:25:21,760 Speaker 1: that initial polling UM into now I believe it was 468 00:25:21,920 --> 00:25:25,320 Speaker 1: between four and six UM. And so that's significant too 469 00:25:25,359 --> 00:25:27,880 Speaker 1: because it shows that there's a little bit of room 470 00:25:27,920 --> 00:25:30,919 Speaker 1: for somebody else to to still uh make space in 471 00:25:30,920 --> 00:25:34,240 Speaker 1: this But but the dynamics, the contours of the race 472 00:25:34,600 --> 00:25:37,240 Speaker 1: are pretty well laid out. UM. I think next week's 473 00:25:37,240 --> 00:25:40,159 Speaker 1: debate will be interesting December nineteen, when Democrats gather in 474 00:25:40,160 --> 00:25:42,719 Speaker 1: Los Angeles for their next debate, because a lot of 475 00:25:43,119 --> 00:25:46,720 Speaker 1: candidates that people expect to still continue to get airtime, 476 00:25:46,720 --> 00:25:50,000 Speaker 1: whether it's will be on castro UM will not be there. 477 00:25:50,040 --> 00:25:54,920 Speaker 1: Kamala Harris obviously dropped out UM, Andrew Yang apparently just qualified. 478 00:25:54,960 --> 00:25:57,440 Speaker 1: But Michael Bloomberg won't be on that stage because of 479 00:25:57,960 --> 00:26:01,159 Speaker 1: just his recent entry and just not having at those qualifications. 480 00:26:01,560 --> 00:26:04,480 Speaker 1: And you have to wonder, uh if if that's a 481 00:26:04,480 --> 00:26:07,320 Speaker 1: smart strategy on the part of Democrats to to not 482 00:26:07,440 --> 00:26:10,720 Speaker 1: just be a little bit more inclusive in this next debate. UM, 483 00:26:10,920 --> 00:26:13,440 Speaker 1: you know, nothing to really lose at this point, uh, 484 00:26:13,480 --> 00:26:15,920 Speaker 1: and and give the voters a little bit of of 485 00:26:16,200 --> 00:26:19,400 Speaker 1: of another opportunity to to look at people. Last year, 486 00:26:19,440 --> 00:26:21,400 Speaker 1: we did a debate, not last year, but the last 487 00:26:21,440 --> 00:26:24,840 Speaker 1: cycle on December. Um. It was a Friday night and 488 00:26:24,880 --> 00:26:27,880 Speaker 1: we still had over ten million viewers. And so these 489 00:26:28,480 --> 00:26:30,440 Speaker 1: you know, there's there's there's interest at this stage and 490 00:26:30,760 --> 00:26:33,679 Speaker 1: people want to see these candidates, and so they have 491 00:26:33,760 --> 00:26:37,240 Speaker 1: to change the rules. Then, Yes, Obviously what they've been 492 00:26:37,280 --> 00:26:40,320 Speaker 1: doing is debate after debate, they've been increasing the requirements 493 00:26:40,359 --> 00:26:42,959 Speaker 1: both in terms of individual contributors to the campaign and 494 00:26:43,000 --> 00:26:48,359 Speaker 1: pulling in UM in national and state polls. And uh 495 00:26:48,400 --> 00:26:52,600 Speaker 1: that's slowly winnowed down the field uh um and and 496 00:26:52,640 --> 00:26:56,040 Speaker 1: made it harder for people to qualify. But at this stage, 497 00:26:56,040 --> 00:26:58,280 Speaker 1: it seems a little odd that they're not being a 498 00:26:58,320 --> 00:27:01,240 Speaker 1: little bit more inclusive. So Josh, what's your take on that, 499 00:27:01,359 --> 00:27:04,879 Speaker 1: because I really am waiting for the field to be 500 00:27:05,000 --> 00:27:07,680 Speaker 1: narrowed so there are less people on stage and maybe 501 00:27:07,680 --> 00:27:10,119 Speaker 1: you can get more content out of them. Well, I 502 00:27:10,160 --> 00:27:13,840 Speaker 1: think I think you're getting there, Harris. You know, Harris 503 00:27:13,920 --> 00:27:17,680 Speaker 1: not lasting until Iowa or even Super Tuesday. I think, Well, 504 00:27:18,240 --> 00:27:21,080 Speaker 1: it's surprising to Salmon, So I think I think, you know, 505 00:27:21,880 --> 00:27:24,640 Speaker 1: whether you get some of these more strangular type candidates 506 00:27:24,640 --> 00:27:26,520 Speaker 1: who are consistently in the one or two percent range 507 00:27:27,520 --> 00:27:30,520 Speaker 1: hanging on, and I'm not sure like materially affects the 508 00:27:30,600 --> 00:27:32,320 Speaker 1: race in the way that someone like Harris dropping out, 509 00:27:32,480 --> 00:27:36,320 Speaker 1: you know, more like substantially changes some some of the 510 00:27:36,320 --> 00:27:38,680 Speaker 1: predictions that were out there initially. But look, they you know, 511 00:27:40,480 --> 00:27:44,200 Speaker 1: I continue to be amazed at the length of elections 512 00:27:44,200 --> 00:27:48,800 Speaker 1: in this country. Like it's a we're so you know, 513 00:27:48,920 --> 00:27:51,879 Speaker 1: like there's a there's a reason the field is is 514 00:27:51,920 --> 00:27:53,880 Speaker 1: big still, so like, you know, we'll see, we'll see. 515 00:27:54,359 --> 00:27:58,000 Speaker 1: I've given up making hard fast predictions. And there's there's 516 00:27:58,040 --> 00:28:01,400 Speaker 1: a very interesting dynamic, which is so many candidates who 517 00:28:01,400 --> 00:28:03,760 Speaker 1: are saying, well, we're going to kind of not put 518 00:28:03,800 --> 00:28:06,600 Speaker 1: that much emphasis on Iowa New Hampshire and we'll compete 519 00:28:06,600 --> 00:28:09,040 Speaker 1: in a different state. It was a catastrophe for Kamala 520 00:28:09,119 --> 00:28:11,119 Speaker 1: Harris to do that, thinking that she could wait till 521 00:28:11,160 --> 00:28:14,440 Speaker 1: South Carolina. Uh. In that sense, these national polls don't 522 00:28:14,440 --> 00:28:15,880 Speaker 1: mean a heck of a lot other than they give 523 00:28:15,880 --> 00:28:19,360 Speaker 1: you an indication of who's got name recognition and and 524 00:28:19,440 --> 00:28:22,080 Speaker 1: a funding and such. But the reality is that, um, 525 00:28:22,160 --> 00:28:24,120 Speaker 1: you have to make some kind of effort. The people 526 00:28:24,119 --> 00:28:26,680 Speaker 1: who don't perform well in Iowa and New Hampshire will 527 00:28:26,680 --> 00:28:29,320 Speaker 1: have that much harder over time keeping support that they 528 00:28:29,400 --> 00:28:32,480 Speaker 1: might have right now in Nevada, South Carolina and the 529 00:28:32,520 --> 00:28:35,880 Speaker 1: states beyond that. Um So that's going to be an 530 00:28:35,880 --> 00:28:38,560 Speaker 1: interesting dynamic. I think the campaigns that entirely for go 531 00:28:38,680 --> 00:28:44,400 Speaker 1: Iowa make a big mistake in that regard. Sorry, absolutely so. 532 00:28:44,440 --> 00:28:47,800 Speaker 1: We're fifty five days out of the Iowa primary today, 533 00:28:47,800 --> 00:28:50,520 Speaker 1: and so when you break that down that that means 534 00:28:50,560 --> 00:28:53,360 Speaker 1: that if you remove Christmas, there are only six Saturdays 535 00:28:53,440 --> 00:28:56,600 Speaker 1: left for each of these candidates for retail campaigning to 536 00:28:56,640 --> 00:28:59,440 Speaker 1: actually make their bus stops, to get out there to 537 00:28:59,440 --> 00:29:01,920 Speaker 1: to shake ends with voters. And so these debates are 538 00:29:02,160 --> 00:29:06,000 Speaker 1: becoming increasingly important in the way that they're going to 539 00:29:06,080 --> 00:29:08,120 Speaker 1: be viewed and and the way that they're going to 540 00:29:08,200 --> 00:29:12,240 Speaker 1: be seen. But a lot of candidates essentially have fifty 541 00:29:12,240 --> 00:29:15,520 Speaker 1: five days to prove that they can be viable in Iowa, 542 00:29:15,600 --> 00:29:18,560 Speaker 1: New Hampshire, Nevada, or South Carolina before they get to 543 00:29:18,600 --> 00:29:21,840 Speaker 1: Super Tuesday. UM And as we all know, Super Tuesday 544 00:29:21,880 --> 00:29:25,760 Speaker 1: will will control basically Um. Yeah, I think I think 545 00:29:25,800 --> 00:29:30,920 Speaker 1: almost of all delegates available up to that time, with California, UM, Texas, 546 00:29:30,960 --> 00:29:34,720 Speaker 1: North Carolina, etcetera on the ballot on Super Tuesday. And 547 00:29:34,720 --> 00:29:38,120 Speaker 1: so Democrats have a huge business of campaign problems, which 548 00:29:38,160 --> 00:29:40,840 Speaker 1: is the business of how you actually reach voters in advertising, 549 00:29:41,560 --> 00:29:44,600 Speaker 1: which is that the Trump campaign has outspent all of 550 00:29:44,640 --> 00:29:49,200 Speaker 1: the Democratic field on social media advertising, uh, digital media 551 00:29:49,800 --> 00:29:52,600 Speaker 1: by by a lot. And and that's significant. And it's 552 00:29:52,600 --> 00:29:55,920 Speaker 1: also significant that Democrats, with their concerns over privacy issues 553 00:29:56,280 --> 00:29:58,560 Speaker 1: and some of the other problems with the tech giants, 554 00:29:58,800 --> 00:30:01,160 Speaker 1: are putting pressure on the companies where now we saw 555 00:30:01,200 --> 00:30:03,600 Speaker 1: Twitter is not going to do any political advertising, Google's 556 00:30:03,800 --> 00:30:07,560 Speaker 1: curtailing it, cutting back, putting greater districtions, and tbd what 557 00:30:07,600 --> 00:30:10,080 Speaker 1: happens with Facebook. But that ends up becoming a problem 558 00:30:10,120 --> 00:30:13,800 Speaker 1: for Democrats who really need digital and social media to 559 00:30:13,880 --> 00:30:15,920 Speaker 1: better reach their voters. And so I think they're shooting 560 00:30:15,960 --> 00:30:18,680 Speaker 1: themselves in the foot on that front. Well, we will see. 561 00:30:18,800 --> 00:30:21,200 Speaker 1: This seems like it's a long way off, but it 562 00:30:21,360 --> 00:30:25,400 Speaker 1: is coming upon. Us are coming up. A g Billboard 563 00:30:25,520 --> 00:30:29,240 Speaker 1: doubles down on his rejection of the Justice Department's Inspector 564 00:30:29,320 --> 00:30:33,360 Speaker 1: General's finding and accuses the Obama administration of spying on 565 00:30:33,480 --> 00:30:42,600 Speaker 1: Trump's campaign. I'm June Grossel. You're listening to Bloomberg. This 566 00:30:42,920 --> 00:30:48,160 Speaker 1: is Bloomberg's sound on with Kevin Surley on Bloomberg and 567 00:30:48,200 --> 00:30:50,440 Speaker 1: one oh five point seven f m h D two. 568 00:30:50,920 --> 00:30:53,520 Speaker 1: The real meat of Harowitz is work, and the real 569 00:30:53,800 --> 00:30:56,680 Speaker 1: thrust of the report actually deals with the conduct of 570 00:30:56,680 --> 00:31:03,880 Speaker 1: the investigation. Um where I think it quickly became apparent 571 00:31:04,000 --> 00:31:08,240 Speaker 1: that it was a travesty. That was the Attorney General 572 00:31:08,320 --> 00:31:11,440 Speaker 1: William Barr, the nation's top law enforcement officer, in an 573 00:31:11,560 --> 00:31:15,840 Speaker 1: NBC interview, contradicting the key findings of his own department's 574 00:31:15,880 --> 00:31:19,760 Speaker 1: Inspector General's report on the FBI's decision to open an 575 00:31:19,800 --> 00:31:24,560 Speaker 1: investigation into then Canada Donald Trump's campaign in twos sixteen. 576 00:31:24,960 --> 00:31:28,280 Speaker 1: I'm Juding grosso sitting in for Kevin Crelli Um joined 577 00:31:28,280 --> 00:31:31,720 Speaker 1: by Josh wind Grove Bloomberg, White House reporter, Ash Wright, 578 00:31:31,840 --> 00:31:37,600 Speaker 1: Republican strategist, and Louis Miranda, former d n C communications director, 579 00:31:38,600 --> 00:31:46,600 Speaker 1: So Josh. President Trump also echoed bars comments this afternoon, yeah, 580 00:31:46,640 --> 00:31:49,640 Speaker 1: and you know this is this This these comments by 581 00:31:49,680 --> 00:31:52,800 Speaker 1: Bar the classic sort of audience of one situation. We 582 00:31:52,880 --> 00:31:55,880 Speaker 1: see this a lot with this administration. Where people do 583 00:31:55,920 --> 00:31:58,920 Speaker 1: interviews for you know, on their advancing an issue or whatever, 584 00:31:59,120 --> 00:32:01,520 Speaker 1: and sometimes they do interviews because they know the president 585 00:32:01,520 --> 00:32:04,600 Speaker 1: will be watching them. Just feels like it's that category. 586 00:32:04,680 --> 00:32:07,840 Speaker 1: I think it's worth noting that, you know, a G 587 00:32:08,120 --> 00:32:11,280 Speaker 1: is is supposed to be a little bit out of 588 00:32:11,280 --> 00:32:13,560 Speaker 1: the partisan fray, and I think we need to bear 589 00:32:13,600 --> 00:32:16,760 Speaker 1: that in mind as we look at Bard's interaction last 590 00:32:16,800 --> 00:32:22,080 Speaker 1: couple of days, you know, really expressing lack of confidence 591 00:32:22,080 --> 00:32:26,280 Speaker 1: in the FBI over those seventeen errors or omissions, uh 592 00:32:26,520 --> 00:32:29,320 Speaker 1: that that were revealed in this I G. S report. Um, 593 00:32:29,480 --> 00:32:33,080 Speaker 1: So you know, he he is certainly pushing against what 594 00:32:33,160 --> 00:32:35,200 Speaker 1: had been more of a history of kind of the 595 00:32:35,240 --> 00:32:39,040 Speaker 1: a G in particular, you know, not really engaging with 596 00:32:39,320 --> 00:32:42,280 Speaker 1: the partisan phisticast that we've seen that you know, other 597 00:32:42,640 --> 00:32:45,200 Speaker 1: other members of the cabinet might do. So I just 598 00:32:45,680 --> 00:32:48,360 Speaker 1: continue to feel that we need to note that bar 599 00:32:48,520 --> 00:32:52,600 Speaker 1: does not view his role as a political or more 600 00:32:52,680 --> 00:32:54,720 Speaker 1: a political in fact, that he viewed it as the opposite, 601 00:32:54,760 --> 00:32:58,240 Speaker 1: or at least he's crafted this public persona viewing it 602 00:32:58,280 --> 00:33:00,960 Speaker 1: as the opposite. He's turned into this sort of attacked dog. 603 00:33:01,080 --> 00:33:03,200 Speaker 1: And it's it's being clear that even though that report. 604 00:33:03,240 --> 00:33:07,120 Speaker 1: The headline finding of that report goes against Trump's um 605 00:33:07,760 --> 00:33:11,280 Speaker 1: characterization of what happened in Uh, They're going to continue 606 00:33:11,280 --> 00:33:15,400 Speaker 1: to bark up this tree right up through afterwards. So, Ash, 607 00:33:16,160 --> 00:33:18,360 Speaker 1: is this what we want from an Attorney General of 608 00:33:18,360 --> 00:33:24,560 Speaker 1: the United States, as I said, the top law enforcement official. Sure, yeah, definitely. 609 00:33:24,600 --> 00:33:27,920 Speaker 1: I mean I think that part of the problem that 610 00:33:28,040 --> 00:33:30,320 Speaker 1: we have here going all the way back to this 611 00:33:30,400 --> 00:33:34,120 Speaker 1: so so all the way back into the election is 612 00:33:34,640 --> 00:33:38,240 Speaker 1: that that the President of the White House and and subsequently, 613 00:33:38,520 --> 00:33:42,440 Speaker 1: you know, Attorney General bar believed that there wasn't enough 614 00:33:42,480 --> 00:33:45,400 Speaker 1: evidence to actually spy on the president and his campaign. 615 00:33:45,880 --> 00:33:48,040 Speaker 1: And and what I think that they're trying to do 616 00:33:48,280 --> 00:33:50,400 Speaker 1: is trying to to make the case or trying to 617 00:33:50,640 --> 00:33:53,960 Speaker 1: essentially allow the American people to understand that there was 618 00:33:54,040 --> 00:33:57,160 Speaker 1: a deep state um and that they're trying he's trying 619 00:33:57,200 --> 00:34:00,080 Speaker 1: to clear out the deep state um and keeping it 620 00:34:00,160 --> 00:34:03,240 Speaker 1: non political, but it comes across as political. But but 621 00:34:03,320 --> 00:34:06,120 Speaker 1: that's really essentially what he's trying to sell as his 622 00:34:06,320 --> 00:34:08,919 Speaker 1: end game, because part of what happened along the way 623 00:34:09,080 --> 00:34:12,840 Speaker 1: was the American people, not just Republicans but but American 624 00:34:12,880 --> 00:34:16,120 Speaker 1: people in general lost faith in the FBI and the 625 00:34:16,200 --> 00:34:18,840 Speaker 1: Department of Justice, etcetera. And I think he believes that 626 00:34:19,000 --> 00:34:22,080 Speaker 1: by by being open and transparent that it will help 627 00:34:22,160 --> 00:34:24,640 Speaker 1: to restore and allow the American people to see what 628 00:34:24,719 --> 00:34:30,640 Speaker 1: actually went on behind the stat This was something Republicans 629 00:34:30,640 --> 00:34:33,560 Speaker 1: wanted because they claimed this conspiracy theory that there was 630 00:34:33,560 --> 00:34:35,440 Speaker 1: a deep state that was trying to do this FBI 631 00:34:35,520 --> 00:34:39,359 Speaker 1: investigation to uh push Trump off in And it turns 632 00:34:39,400 --> 00:34:41,279 Speaker 1: out that it was a lie and that there wasn't 633 00:34:41,320 --> 00:34:45,080 Speaker 1: anything wrong with them investigating and doing their due diligence 634 00:34:45,120 --> 00:34:47,359 Speaker 1: and and that's notable. And look, trust is important. He's 635 00:34:47,400 --> 00:34:51,319 Speaker 1: undermining trust in our legal institutions. If you want to 636 00:34:51,320 --> 00:34:53,240 Speaker 1: know why trust matters, look at what happened to Politan 637 00:34:53,320 --> 00:34:55,680 Speaker 1: where there's a loss of trust and they've lost billions 638 00:34:55,719 --> 00:35:00,360 Speaker 1: of dollars in this alright, well said in thirty seconds. Fabulous. Um, Sorry, 639 00:35:00,360 --> 00:35:02,480 Speaker 1: we run out of time. I want to thank you all, Louis, 640 00:35:02,640 --> 00:35:06,120 Speaker 1: Ash and Josh and a note that Michael Bloomberg is 641 00:35:06,120 --> 00:35:09,040 Speaker 1: the founder and majority owner of Bloomberg LP, the parent 642 00:35:09,160 --> 00:35:14,279 Speaker 1: company of Bloomberg News. And that does it for today. 643 00:35:14,320 --> 00:35:17,560 Speaker 1: I'm June Grosso and sitting in for Kevin Cilia of 644 00:35:17,600 --> 00:35:20,759 Speaker 1: course you're listening to Bloomberg one.