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Speaker 1: This budget thing is going to do nothing Space Force.

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Speaker 1: I still think it's interesting President Trump not playing his

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Speaker 1: cards yet headlines policy and politics colliding. Sound on with

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Speaker 1: Kevin's really the insiders, the influencers, the insides. I would

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Speaker 1: rather see a congressional solution. It's part of my DNA.

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Speaker 1: The Senate map in looks a lot different than it

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Speaker 1: looked in. You really have a divide within Team Trump.

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Speaker 1: The president has to do exactly what people send him

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Speaker 1: here to do, which is to get it done. He's

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Speaker 1: sound on with Kevin's Your Relate on Bloomberg nine one

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Speaker 1: and one oh seven a m h D two, Baltimore.

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Speaker 1: Happy Monday, folks. Apologies if you're a Duke fan. We've

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Speaker 1: got a great show for you this evening. Mr and

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Speaker 1: Mrs Mooch Anthony Scaramucci and his wife Diadre Ball joining

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Speaker 1: me in studio. I'm in New York City for the

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Speaker 1: hour and we've got a lot of news to get through,

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Speaker 1: including fallout for former Vice President Joe Biden. Have you

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Speaker 1: followed this He's sticking to the script with Lucy Flores,

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Speaker 1: an individual woman who is making allegations that says, well,

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Speaker 1: we'll get into it. That he laid an inappropriate kiss

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Speaker 1: on her. We'll get into all of that, plus what

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Speaker 1: Biden camp is saying as the potential to hamper his

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Speaker 1: entry into the presidential Democratic primary field, plus President Trump

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Speaker 1: continuing to threaten to shut down portions or even all,

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Speaker 1: of the US Mexico border, and more information on developing

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Speaker 1: US China trade talks. We're gonna get the moochs take

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Speaker 1: on where he thinks those US China trade talk should go.

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Speaker 1: But before we dive into all of that, let's talk

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Speaker 1: about the field, because there really has been major developments

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Speaker 1: in terms of the democratic UH political field, especially for

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Speaker 1: former Vice President Joe Biden. UH. This is he faces

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Speaker 1: new allegations against a woman who says that there was

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Speaker 1: inappropriate UH touching uh. And according to various news reports

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Speaker 1: that all of this was made forward in an essay

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Speaker 1: for The Cut, which is an online publication. Lucy Flores,

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Speaker 1: she's the former Nevada state lawmaker. She's accusing former Vice

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Speaker 1: President Biden of a quote unquote awkward kiss at a

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Speaker 1: campaign rally back when she was the state's Democratic nominee

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Speaker 1: for lieutenant governor in two thousand and fourteen. I'm gonna

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Speaker 1: read uh. From a statement that the former Vice president

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Speaker 1: has put out. He says, quote, I may not recall

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Speaker 1: these moments the same way, and I may be surprised

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Speaker 1: at what I hear, but what we have arrived at

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Speaker 1: an important time when women feel they can and should

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Speaker 1: relate their experiences and men should pay attention, and I will.

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Speaker 1: He goes on to say in the statement that he

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Speaker 1: will remain the strongest advocate for the rights of women.

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Speaker 1: So all of this is coming as everybody wants to

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Speaker 1: know if he's going to formally throw his hat into

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Speaker 1: the ring to run for president. Uh. And and we're

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Speaker 1: getting reaction from a host of individuals, including Senator Elizabeth Warren,

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Speaker 1: Democrat from Massachusetts. She's running for president. Take a listen

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Speaker 1: to what Senator Elizabeth Warren. Senator Elizabeth Warren had to say, uh,

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Speaker 1: in response to this, here she is, I believe Lucy

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Speaker 1: Flores and Joe Biden needs to give an answer. Joining

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Speaker 1: me for the hour in studio. Anthony Scaramucci. He, of course,

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Speaker 1: is the one of the founders of Skybridge Capital. He's

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Speaker 1: the former White House Communications director, former reality TV star,

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Speaker 1: end just all around guy in Washington with none other

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Speaker 1: than Senior vice president of Skybridge Capital. Deirdre Ball, a

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Speaker 1: business person in her own right and wife too, or

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Speaker 1: should I say Anthony Scaramichi is the husband to Didre?

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Speaker 1: What did they say? Mr Dear? Uh? Yeah, I love that.

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Speaker 1: That was on the plane, wasn't it. You don't remember?

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Speaker 1: It was was the doctor? The doctor. This is going

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Speaker 1: to be a yeah start, We'll start with you. So

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Speaker 1: you want me to go first, I go ahead, go ahead, baby.

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Speaker 1: You well, I think if he was really entertaining thoughts

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Speaker 1: of running, he's probably rethinking it right now because this

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Speaker 1: is just the beginning of the waterfall. I think the

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Speaker 1: minute someone throws their hat in the ring, people come

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Speaker 1: out of the woodwork. So but you you, you always

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Speaker 1: have to take the person who's credit for five years

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Speaker 1: of Joe Biden's career Democrats. I don't. I've met him before,

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Speaker 1: I've had personal interaction with him personally. My my experience, No,

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Speaker 1: I get up close and gives you well, he was

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Speaker 1: a little bit friendly, but to me, it was more

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Speaker 1: like a grandfather early thing. It wasn't like a creepy thing.

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Speaker 1: It's I was going to pull a taser out of that.

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Speaker 1: But don't worry, Joe Biden. He he's a huge threat.

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Speaker 1: He's not liberal enough for the Democratic Party that shifting

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Speaker 1: further the right, almost guaranteeing a Trump reelection if they

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Speaker 1: go that far to the right. He is a person

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Speaker 1: um that would be a potential strong adversary to the

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Speaker 1: president because he has more of a centrist demeanor about

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Speaker 1: his forty five year political career. But I think they're

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Speaker 1: gonna try to demolish and destroy him. And this is

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Speaker 1: what they do in Washington, as you know. They will

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Speaker 1: tear him down, demonize him, to dimensionalize him. And now

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Speaker 1: he's like creepy Joe Biden. But in the meantime, if

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Speaker 1: he wasn't running for president, he would be one of

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Speaker 1: their elder statesmen and they would put him up on

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Speaker 1: a papistal do you think absolutely disgusting. It's up to

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Speaker 1: him and so he has to take a page out

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Speaker 1: of President Trump's book, which is the I do not

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Speaker 1: care page uh and live fearlessly and shame he's not.

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Speaker 1: But do you think this is interesting because do you

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Speaker 1: think that the Democrat base will respond to that approach

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Speaker 1: the same way that the conservative base does? What do

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Speaker 1: you think, Well, no, because the Democrats have a they're

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Speaker 1: doing a lot of virtue signaling to each other right now.

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Speaker 1: And so, uh, if you're with Joe Biden, now you're

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Speaker 1: virtue signaling that you're against women, even though Joe Vice

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Speaker 1: President Biden has spent forty years as a champion of

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Speaker 1: women and women's right. So this is a demonization, demolishment.

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Speaker 1: This is a hit piece on him to see if

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Speaker 1: they can scare and intimidate him out of the resident

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Speaker 1: And I think if he if he really wants to

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Speaker 1: be president, he wants to run, he should ignore it

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Speaker 1: and go very, very aggressively. He's in the top pole

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Speaker 1: position if you look at the polls, and uh, I

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Speaker 1: think this thing would die off in a couple of

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Speaker 1: more news cycles. Are otter things about Beato Rourke that

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Speaker 1: came out. I thought there were some like shady things

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Speaker 1: that came out about him last week about it when

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Speaker 1: he was younger, thinks he wrote and just just to

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Speaker 1: put it an inappropriate you know, kiss on your head

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Speaker 1: or something. I don't know, but to put an end

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Speaker 1: point on this, you're not buying these alludations. No, I

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Speaker 1: didn't say that. If you if you look at the film,

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Speaker 1: he is definitely an old fashioned guy that's probably encroaching

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Speaker 1: on people's personal space in a way that isn't appropriate

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Speaker 1: in two thousand and eighteen. And I'm not saying it

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Speaker 1: was appropriated nineteen fifty five, but it seemed like it

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Speaker 1: was inside the bell curve of human behavior. You know,

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Speaker 1: I had the opportunity as crazy this may sound as

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Speaker 1: some of your listeners, but I I'm probably the only

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Speaker 1: person that went from the Big Brother House to the

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Speaker 1: World Economic Forum and like one day and I spoke

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Speaker 1: um gave a keynote address at the Woman's Equality Luncheon

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Speaker 1: at the World Economic Forum, and what I told about

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Speaker 1: a hundred and fifty of arguably some of the most talented,

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Speaker 1: most powerful women in the world, is that you're not

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Speaker 1: going to change five thousand, five hundred years of human

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Speaker 1: behavior in one generation, or you're not going to have

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Speaker 1: a group of people that are going to be the

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Speaker 1: referee on what is appropriate and what isn't after five

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Speaker 1: thousand years. Even be Ever, if you want to try

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Speaker 1: to do that, you are going to have a reaction

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Speaker 1: formation like Donald J. Trump, and he's gonna end up

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Speaker 1: winning because people close the curtain and they don't they

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Speaker 1: don't like it. They don't like that sort of mind control. Agree,

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Speaker 1: I do. I think we have to slowly but surely

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Speaker 1: come into a different time and place. And I think

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Speaker 1: that will happen. As you know, older men get older

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Speaker 1: and younger men get older. Um, and you know, things

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Speaker 1: that are inappropriate you know won't be done, but they

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Speaker 1: have a beautiful appropriate. What you know, I think appropriate

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Speaker 1: is all relative. Older people probably think differently what younger

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Speaker 1: people think. And I think we'll come into that as

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Speaker 1: we go along. All right, Coming up, we talked more

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Speaker 1: politics of the day and policy. We talk fed policy,

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Speaker 1: trade policy, and the latest going and Brexit. Did you

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Speaker 1: see this headlines crossing the Bloomberg terminal as we speak,

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Speaker 1: UK Parliament rejecting all Brexit alternatives in votes. The UK

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Speaker 1: is rejecting all all Brexit alternatives in votes. You can

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Speaker 1: download the sound on podcast on Apple iTunes, at Bloomberg

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Speaker 1: dot com, or by downloading the Bloomberg Business app. Check

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Speaker 1: us out on Radio dot com, I Heart Radio and Spotify.

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Speaker 1: Just picked up by Spotify. Anthony Scaramucci stays, dedre Ball

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Speaker 1: stays and I'm Kevin CURRELLI you're listening so Bloomberg. You're

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Speaker 1: listening to Sound on with Kevin Surreally on Bloomberg one

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Speaker 1: and one oh five point seven f m h D two, Baltimore.

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Speaker 1: Breaking news across the Pond tonight, the UK Brexit crisis

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Speaker 1: is deepening, Parliament failing to choose Plan B. Headlines cross

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Speaker 1: sing the Bloomberg terminal. Now, the UK's deadlocked Parliament failed

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Speaker 1: to agree on a new blueprint for Brexit, rejecting all

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Speaker 1: the options that were put forward to replace Teresa May's

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Speaker 1: unpopular deal. So more uncertainty, more uncertainty for the UK.

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Speaker 1: Joining me for the hour dead your ball. She is

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Speaker 1: a senior vice president at Skybridge Capital. She also is

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Speaker 1: married to Anthony Scaramucci, he of course of Skybridge Capital

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Speaker 1: and the former White House Communications Director. I'm Kevin Ceilli,

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Speaker 1: Bloomberg Television and Bloomberg Radio chief Washington correspondent, coming at

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Speaker 1: you from New York City, Bloomberg World Headquarters this evening.

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Speaker 1: All right, Mitch, can I call you mouch anything you

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Speaker 1: want that's been called worse than that? All right? Well,

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Speaker 1: I mean these bregit I mean, what do you advise

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Speaker 1: Mrs Well listen? I mean I think that the slow

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Speaker 1: down in UK GDP has already baked into the cake.

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Speaker 1: I think that the city of London, where we have

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Speaker 1: an office, has been a financial center for five centuries,

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Speaker 1: and so whether they stay in or leave, it will

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Speaker 1: still have great relevancy on the world stage. So um

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Speaker 1: having said that, they did vote against their economic interests

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Speaker 1: and they're now trying to figure out how to peel

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Speaker 1: it back. It's very, very hard to do that because

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Speaker 1: now you're you basically told everybody you're a democracy, But

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Speaker 1: are you really a democracy if you reject the Brexit?

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Speaker 1: So this is one of the main reasons why I

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Speaker 1: believe that the electoral College and the United States will

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Speaker 1: never go away. And it's another reason why the founding

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Speaker 1: fathers set us up as a republic and a representative

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Speaker 1: democracy and not a polarity. Dan, just giving your finance

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Speaker 1: background and you've worked at JP Morgan and whatnot and

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Speaker 1: being at Skyride, what do you tell international clients are

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Speaker 1: folks in the business community because so much of the

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Speaker 1: pressure comes down on Washington, right, Washington's injecting all of

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Speaker 1: this uncertainty into the marketplace. Well, quite frankly, you read

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Speaker 1: these headlines from the UK and it makes I mean,

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Speaker 1: I'm not gonna say it makes our Washington look tame,

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Speaker 1: But I mean, there's a lot of uncertain more civilized,

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Speaker 1: it seems, even when they're not but the accent, I guess,

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Speaker 1: but but but truthfully, when you're presenting to clients or

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Speaker 1: when you're talking to clients overseas and folks trying to price,

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Speaker 1: how this uncertainty is impacting their bottom lines? How can

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Speaker 1: people prepare for that type of uncertainty? And we're gonna

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Speaker 1: get to trade in a second, can you help me? Well, well,

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Speaker 1: I think I think I think that I think what

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Speaker 1: are you telling our international clients? I think I think

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Speaker 1: that this is the bottom line. They have to resolve

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Speaker 1: this one way or another, and my guess is that

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Speaker 1: they're gonna have I'm surprised they didn't push the EU

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Speaker 1: a little harder, but my guess is they're gonna have

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Speaker 1: a modified Brexit at this point, if not a full

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Speaker 1: blown Brexit. It will affect their GDP, it will hurt

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Speaker 1: the world's GDP in the short term, but it's not

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Speaker 1: the end of the world. But the real issue is

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Speaker 1: that there's tremendous anxiety Kevin in the world related to

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Speaker 1: the halves and the have nots, and so the middle

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Speaker 1: class and lower middle class people will literally vote against

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Speaker 1: their economic interests if they can throw a Molotov cocktail

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Speaker 1: into the system and disrupt the system. And in many ways,

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Speaker 1: the Brexit vote or the introduction of President Trump is

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Speaker 1: at the Washington establishment is a metaphorical wrecking ball for

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Speaker 1: both of those things. And so I would tell establishment

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Speaker 1: people that are listening to your radio show stop calling

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Speaker 1: these people white nationalists, ethnocentrics, and deplorables, and start focusing

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Speaker 1: on them and rebuild that social contract that made America

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Speaker 1: what it is. You know, the two of us are

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Speaker 1: byproducts of very strong middle class economies where her parents

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Speaker 1: didn't go to school but yet made a ton of

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Speaker 1: money to support us. So meanwhile, go ahead. I feel

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Speaker 1: like that doesn't exist anymore. Though Anthony always calls it

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Speaker 1: the aspirational working class, and now it's the desperational working class.

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Speaker 1: I feel like it's harder to make your way, um,

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Speaker 1: and people make it harder. But I don't know that's

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Speaker 1: why people love Trump because he's okay there, I'm okay, okay,

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Speaker 1: And I think Trump trying to pay him the way

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Speaker 1: for the middle class. So I think he's got a

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Speaker 1: huge backing. So meanwhile, and so we're following these headlines

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Speaker 1: over there in the UK, which again the UK bregsit

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Speaker 1: crisis deepening tonight as Parliament failing to choose a plan B.

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Speaker 1: And then we've got the U S China trade talks.

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Speaker 1: We've got President Trump pressuring on tariffs. I want to

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Speaker 1: stick with tariffs in particular and trade policy because it

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Speaker 1: really is all kind of interconnected. Vice Premier Leoha is

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Speaker 1: set to be in Washington, d C, I believe, on Wednesday,

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Speaker 1: to continue these US China trade talks. And you know this,

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Speaker 1: Anthony from when you talk to folks and advise folks

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Speaker 1: in terms of what's going on down there in Washington,

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Speaker 1: d C. Are we any closer at all from your perspective,

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Speaker 1: your vantage point to a US China deal? Well, I mean, listen,

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Speaker 1: the market is pricing that the deal will get done.

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Speaker 1: Um I personally, given my awareness of the administration and

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Speaker 1: people that I've talked to inside of Washington and outside

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Speaker 1: of Washington, that there is a deal there. And what

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Speaker 1: will likely happen is the Chinese will end up buying

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Speaker 1: more goods from US and probably a lot more raw materials.

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Speaker 1: But we're gonna be up against it with China. You know,

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Speaker 1: we're we're fighting an intellectual capital battle, We're fighting an

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Speaker 1: AI battle. Uh. There's a lot of people in Silian

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Speaker 1: Valley that think that China is ahead of us and

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Speaker 1: artificial intelligence. And China has got a platform that they've

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Speaker 1: built on their autocracy, which has been healthy in some ways,

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Speaker 1: uh and has led to all this economic growth and

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Speaker 1: shaky and others. And so the Chinese and and most

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Speaker 1: people in finance that are focused on this are literally

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Speaker 1: printing trillions of dollars of ren mb to try to

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Speaker 1: support their economy right now. So they have a way

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Speaker 1: weaker economy than people actually originally thought, at least Western journalists.

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Speaker 1: And so you know, to me, the Trump administration is

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Speaker 1: going to be very be careful in terms of cutting

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Speaker 1: this deal because they can't really give two owners of

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Speaker 1: a deal of China. They can't force China into a

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Speaker 1: recession that would be very very bad for the US.

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Speaker 1: So there's a bilateral thing going on in this time.

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Speaker 1: I find this interesting because in terms of where I

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Speaker 1: grew up outside of Philly, in terms of my backyard,

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Speaker 1: I mean people who were deciding in the last presidential

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Speaker 1: cycle between Donald Trump as well as Bernie Sanders. I

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Speaker 1: mean those voters are real. Uh. And and if you

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Speaker 1: go to upstate New York, for example, that's really battleground

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Speaker 1: zero for this US China trade policy war, if you

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Speaker 1: want to call it a dispute, a spat, whatever you

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Speaker 1: want to call it. And so it's interesting I think

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Speaker 1: when the president is going to have to hit the

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Speaker 1: campaign trail, unless so maybe this cycle and up upstate

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Speaker 1: New York. But I mean, he's gonna have to sell

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Speaker 1: this really Michigan where he was last week and whatnot.

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Speaker 1: And I'm curious to see how someone like a Joe

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Speaker 1: Biden or a people to Jedge or better over Org,

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Speaker 1: how they how they shake this up. Well, they'll there

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Speaker 1: will definitely be a snarky CNN analysts that will go

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Speaker 1: through the deal and say, wow, this deal is not

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Speaker 1: as favorable to the United States as people originally thought

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Speaker 1: it would be. Pursuing to what the president was always

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Speaker 1: better than what we had before. Well, that's which that's

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Speaker 1: the point. It will it'll be it'll be a big

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Speaker 1: win for the US in that context. And so one

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Speaker 1: thing I would say to people, Uh, the establishment is

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Speaker 1: malpracticed over the last twenty five years, they had the

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Speaker 1: right to reset the NAFTA deal. They did not do that.

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Speaker 1: They allowed China to come into the World Trade Organization

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Speaker 1: as an emerging economy. There's all kinds of protected protectionist

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Speaker 1: benefits for an emerging economy. They're the second largest economy

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Speaker 1: in the world now, Kevin, and they still have those

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Speaker 1: protective benefits in the w t O. So these things

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Speaker 1: are like super unfair and that is literally malpractice in

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Speaker 1: a bipartisan way from elected officials. It didn't focus on this,

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Speaker 1: So you have to give the president credit for at

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Speaker 1: least trying to change it. It's very hard to change

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Speaker 1: thirty or forty years of policy in two or three

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Speaker 1: years of a presidential term. Alright, Coming up, Mr Mrs Mooch, stay,

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Speaker 1: they've got a new podcast. Check it out on radio

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Speaker 1: dot com, Right Com Radio dot com. We'll talk more

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Speaker 1: about and on iTunes items and you can also find

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Speaker 1: us on there as well. Coming up more with the

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Speaker 1: Mr and Mrs Mooch. You're listening to Bloomberg. You're listening

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Speaker 1: to sound On with Kevin's You really on bloomberd one

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Speaker 1: and one oh five point seven of m h D

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Speaker 1: two Baltimore, Happy Monday, folks on Kevin's Really broadcasting live

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Speaker 1: from New York City in Bloomberg World Headquarters, and I

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Speaker 1: am joined by two very special guests joining me in

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Speaker 1: studio for the hour, Anthony Scaramucci of Skybridge Capital and

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Speaker 1: of course the former White House Communications director and his wife,

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Speaker 1: Deadre Ball. She is s VP at Skybridge Capital, and

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Speaker 1: they have got this new podcast. You know, I'll be honest.

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Speaker 1: I do keep up with pop culture, so I can't

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Speaker 1: lie to either of you. I have been aware of

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Speaker 1: the various reports of what has gone on, and so

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Speaker 1: I will be listening to your Mr. And Mrs Mooch

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Speaker 1: podcast with intrigue. And as a huge reality television fan,

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Speaker 1: I didn't watch every episode of Big Brother, but I

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Speaker 1: did cover it on this show when I read that

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Speaker 1: you were going to be on it and you were

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Speaker 1: all with like Dina Lowen, Right, I was on with Dina, Yeah, Kato, Kalen,

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Speaker 1: Ryan Lockty, Um, typical people that you would find it

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Speaker 1: an investor conference on the present. Was it more difficult,

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Speaker 1: Deirdre to watch him on Big Brother or inside of

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Speaker 1: six hundred Pennsylvania Avenue? Well, when he was inside of

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Speaker 1: sixteen hundred Pennsylvania avenue. I was not watching. I shut

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Speaker 1: all the TV's off. Oh yeah, it was not a

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Speaker 1: good time for the mood. I don't even think you

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Speaker 1: can turn on the news without seeing Trump. No, I

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Speaker 1: literally I I watched no television. I didn't look at

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Speaker 1: my phone. I couldn't even handle it because it was

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Speaker 1: just like, talk about surreal. It was very surreal for

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Speaker 1: World War three. Yeah, I didn't even know he got

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Speaker 1: the job in the White House. It came across my

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Speaker 1: phone as a news alert. So I was like, okay,

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Speaker 1: I'm never turning with bring it over? Sorry is about

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Speaker 1: because that's what we were talking in the break about

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Speaker 1: about trade policy in particular, and about how keeping it

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Speaker 1: in the family, about how you've got some family membister

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Speaker 1: are like, hey, what is going on with these tariffs? Yeah, yeah,

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Speaker 1: they're being charged. They're building the tariff now into the

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Speaker 1: onto the bill. So basically essentially we're paying the tariff

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Speaker 1: for the Chinese, which is insane, and basically there's a monopoly.

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Speaker 1: There's nowhere else for our cousin to get the product

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Speaker 1: that he's selling. So he's like, this is crazy. Go

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Speaker 1: tell Donald Trump that I'm now paying the tariff. So

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Speaker 1: we're having this whole big hoop on. At the end

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Speaker 1: of the day, we're paying for it. Anyway, I find

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Speaker 1: this fascinating. Anthony Scaramuccie, the mooch, I find this fascinating

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Speaker 1: because every Republican that I interview in in in the

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Speaker 1: halls of Congress, and quite for every business owner, big business,

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Speaker 1: small business, they can't stand the tariffs. All about Steve Moore.

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Speaker 1: I mean that's the people lask Steve, well, what's your

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Speaker 1: big difference with the President? It's on the tariffs, because

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Speaker 1: you're not making the country more competitive. Uh, the end

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Speaker 1: user might understand his point. The point he's trying to say,

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Speaker 1: like you can no longer take advantage of us. So

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Speaker 1: he's trying to set a precedent and he's trying to

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Speaker 1: make a point, and it might not even be in

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Speaker 1: our best interest, but that's what he's doing. He's putting

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Speaker 1: his foot down. But see this is nuance Steve Moore.

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Speaker 1: If he gets on the fedboard, you think he's got

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Speaker 1: a clear Senate confirmation. I do, because you've got fifty

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Speaker 1: three Senators that are Republican. But I think that his

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Speaker 1: issue is one of this intellectual snobbery. He doesn't have

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Speaker 1: the PhD in economics that these other guys have, and

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Speaker 1: so they're going to give him a hard time. But

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Speaker 1: but in terms of the key difference, this might help

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Speaker 1: him get Senate confirmation for the votes that he needs

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Speaker 1: to win over because he disagrees with the president on tariffs,

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Speaker 1: well on to ris and certain free market principles. But

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Speaker 1: I mean, here, here's the thing. Okay, he is with

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Speaker 1: the president on a lot of the supply side theory,

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Speaker 1: and he just wrote a book called trump Anomics. He

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Speaker 1: literally wrote the book Trump, which basically explains what the

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Speaker 1: president is trying to do to accelerate growth for the

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Speaker 1: United States. But up against that, and hopefully one of

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Speaker 1: the senators will ask him this, you're borrowing a trillion

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Speaker 1: dollars a year. Now, that's a quarter trillion dollars a quarter,

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Speaker 1: and so that's gonna put pressure on rates, whether you

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Speaker 1: like it or not. You can't have a three point

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Speaker 1: two trillion dollar tax revenues coming in and borrow a

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Speaker 1: trillion dollars without putting pressure on rates. Do you think

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Speaker 1: President Trump's attacks on the Central Bank are a good

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Speaker 1: thing or a bad thing or an't different bad thing? Really? Yeah?

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Speaker 1: I mean they Well, first of all, they're in different

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Speaker 1: because he is a Monday morning quarterback and he's a

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Speaker 1: Twitter fiend, and so that's all priced into the market.

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Speaker 1: Imagine one of the other forty three presidents. Remember he's

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Speaker 1: president forty five, but Grover Cleveland was there twice. So

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Speaker 1: imagine the other forty three presidents doing what President Trump's doing.

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Speaker 1: The market would be going haywire. But because it's President Trump,

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Speaker 1: his sort of Twitter style and his armshare quarterbacking his

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Speaker 1: price into the market. But you do not want a

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Speaker 1: lack of independence from the Federal Reserve. I mean, the

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Speaker 1: entire monetary system has been based on that. So yes,

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Speaker 1: I understand the Federal Reserve is a political organization at

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Speaker 1: this point, but there's still some relevancy to the independence

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Speaker 1: that the FED has. And so when the President or

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Speaker 1: Larry Cutlow, these guys are calling for a reduction in

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Speaker 1: rates and putting pressure on the FED like that. You

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Speaker 1: don't want to turn the country into a Banana republic

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Speaker 1: where the executive branch and the federal overly tied together.

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Speaker 1: And so um market participants don't like that. And you know,

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Speaker 1: I think the scare when Stephen Manution called all of those,

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Speaker 1: uh presidents. I don't think it was a banking president.

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Speaker 1: I don't think it was related to market liquidity. I

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Speaker 1: think it was concerned I'm President Trump, I was thinking

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Speaker 1: about possibly firing the FED here. That would have been

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Speaker 1: an international crisis, in an international calamity. When you were there,

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Speaker 1: was here what he talked about that firing the FED? Heair? No,

428
00:24:12,000 --> 00:24:13,600
Speaker 1: I mean, I mean when I was there, we were

429
00:24:13,640 --> 00:24:16,240
Speaker 1: working on selecting the FED here. I was in one

430
00:24:16,320 --> 00:24:19,359
Speaker 1: meeting related to it, and it was on a Wednesday, Kevin.

431
00:24:19,359 --> 00:24:21,160
Speaker 1: And the reason I remember that I was only there

432
00:24:21,200 --> 00:24:23,760
Speaker 1: for one Wednesday, So that's how I remember the fact

433
00:24:23,760 --> 00:24:25,760
Speaker 1: that it was a Wednesday. So but I mean, you know,

434
00:24:25,800 --> 00:24:29,200
Speaker 1: the truth of the matter is, uh, Jerome pal thankfully

435
00:24:29,440 --> 00:24:33,560
Speaker 1: is an independently spirited guy. He's he could probably care

436
00:24:33,640 --> 00:24:35,439
Speaker 1: less about what the President is saying about him. He

437
00:24:35,480 --> 00:24:38,320
Speaker 1: wants to do the right thing for the economy. The

438
00:24:38,440 --> 00:24:43,000
Speaker 1: data dependency elements of the FED are signaling that interest

439
00:24:43,200 --> 00:24:46,760
Speaker 1: rates sensitive sectors of the economy are slowing down, and

440
00:24:46,840 --> 00:24:49,679
Speaker 1: so making a decision not to raise rates for the

441
00:24:49,680 --> 00:24:51,640
Speaker 1: remainder of twenty nineteen is a good thing. You guys

442
00:24:51,680 --> 00:24:53,680
Speaker 1: saw that Lynda mcmannon remember going to jump to break

443
00:24:53,720 --> 00:24:56,680
Speaker 1: But but Lynda McMahon's out at s B A. Would

444
00:24:56,720 --> 00:25:00,920
Speaker 1: you want to be s p A? Everyone? But first

445
00:25:00,920 --> 00:25:02,320
Speaker 1: of all, I would never be asked to be the SBA.

446
00:25:02,400 --> 00:25:04,199
Speaker 1: But I want to be I want to be married

447
00:25:04,280 --> 00:25:08,919
Speaker 1: to the kids. I mean, there's some like that's in

448
00:25:09,000 --> 00:25:12,080
Speaker 1: and of itself as a yeah, I no one would

449
00:25:12,119 --> 00:25:14,480
Speaker 1: ask me to do that. Um, But the truth of

450
00:25:14,520 --> 00:25:17,520
Speaker 1: the matter is I want to be married. And I'm

451
00:25:17,560 --> 00:25:21,240
Speaker 1: not running for politics. But I think we all have

452
00:25:21,359 --> 00:25:24,159
Speaker 1: a responsibility to be involved. And if you're a New

453
00:25:24,200 --> 00:25:27,520
Speaker 1: York City taxpayer, you are now a minority partner in

454
00:25:27,520 --> 00:25:30,679
Speaker 1: your own life because you're they're taking fifty three of

455
00:25:30,680 --> 00:25:32,679
Speaker 1: your money if you're at the high end, and if

456
00:25:32,720 --> 00:25:34,840
Speaker 1: you think of all the user fees and the congestion

457
00:25:34,920 --> 00:25:37,879
Speaker 1: taxes and the now the real estate tax where the

458
00:25:37,880 --> 00:25:40,119
Speaker 1: New York State is effectively a real estate agent on

459
00:25:40,200 --> 00:25:44,080
Speaker 1: big transactions. UM, you better get involved with the hiring decisions.

460
00:25:44,080 --> 00:25:48,359
Speaker 1: My majority partner is Bill the Blasio, Andrew Cuomo and

461
00:25:48,440 --> 00:25:51,480
Speaker 1: Donald J. Trump, And so you gotta get involved in

462
00:25:51,480 --> 00:25:53,640
Speaker 1: the hiring decisions. You have to have a voice at

463
00:25:53,640 --> 00:25:56,680
Speaker 1: the at the debating table. All right Coming up, much

464
00:25:56,680 --> 00:25:58,880
Speaker 1: more on the Voice at the Debating Table with Mr

465
00:25:58,920 --> 00:26:01,760
Speaker 1: and Mrs Scaramuc. Check out their new podcast. We're gonna

466
00:26:01,760 --> 00:26:05,240
Speaker 1: get into what exactly they're gonna cover on that podcast

467
00:26:05,280 --> 00:26:09,080
Speaker 1: coming up, plus much more on the Democratic fallout for

468
00:26:09,280 --> 00:26:12,760
Speaker 1: Vice President Joe Biden. I'm Kevin Serelli. Download the Sound

469
00:26:12,800 --> 00:26:15,920
Speaker 1: On podcast on Apple iTunes, at Bloomberg dot com, the

470
00:26:15,920 --> 00:26:19,920
Speaker 1: Bloomberg terminal, or by downloading the Bloomberg Business app. Can

471
00:26:19,960 --> 00:26:22,840
Speaker 1: also check us out on radio dot com, I Heart

472
00:26:22,920 --> 00:26:31,320
Speaker 1: Radio and now Spotify. You're listening to Bloomberg. This is

473
00:26:31,400 --> 00:26:36,119
Speaker 1: Sound On with Kevin Sireally on Bloomberg and one oh

474
00:26:36,760 --> 00:26:40,240
Speaker 1: seven f m h D two Baltimore. Happy Monday, unless

475
00:26:40,240 --> 00:26:43,200
Speaker 1: you're a Duke fan, in which case, well you're unhappy.

476
00:26:43,240 --> 00:26:46,080
Speaker 1: But a lot of people are happy, myself included. I'm

477
00:26:46,119 --> 00:26:50,080
Speaker 1: Kevin Cerelli, Chief Washington correspondent for Bloomberg Television and Bloomberg Radio.

478
00:26:50,119 --> 00:26:53,159
Speaker 1: I'm the New York City. I love New York and

479
00:26:53,200 --> 00:26:56,080
Speaker 1: I'm joined by two very special guests here in studios.

480
00:26:56,080 --> 00:26:59,280
Speaker 1: Because he doesn't pay New York tax. That was Anthony

481
00:26:59,320 --> 00:27:03,600
Speaker 1: scart Michie everybody, the Anthony SCARABRICHI former White House Communications

482
00:27:03,640 --> 00:27:07,760
Speaker 1: director and founder of Skybridge Capital, also a Big Brother

483
00:27:07,920 --> 00:27:13,119
Speaker 1: celebrity fame and of course deadre Ball his wife h

484
00:27:13,560 --> 00:27:18,200
Speaker 1: for an SPP at sky hyper Sensitive. When people call

485
00:27:18,280 --> 00:27:21,600
Speaker 1: me Ball, No, it's okay, you can call call. Let

486
00:27:21,680 --> 00:27:26,040
Speaker 1: me tell you though, from I will give Kevin great

487
00:27:26,200 --> 00:27:30,000
Speaker 1: radio hosting skills. That's my evaluation because we were talking

488
00:27:30,040 --> 00:27:33,520
Speaker 1: about our almost divorce. You were desperately trying to change

489
00:27:33,520 --> 00:27:35,800
Speaker 1: the subject in the last segment. You know, I was

490
00:27:36,080 --> 00:27:39,960
Speaker 1: very determin it was very catholic of you. Okay, you

491
00:27:40,000 --> 00:27:41,960
Speaker 1: can appreciate that, Just so you know, if you've never

492
00:27:42,000 --> 00:27:46,760
Speaker 1: been tabloided before, try to try to avoid it right

493
00:27:47,520 --> 00:27:49,720
Speaker 1: from your from your advantage point. Seriously, what do you

494
00:27:49,720 --> 00:27:51,840
Speaker 1: tell your kids being in a ditch? What do I tell?

495
00:27:52,320 --> 00:27:55,320
Speaker 1: I say, don't google yourself, don't go don't google Dad.

496
00:27:56,960 --> 00:27:59,720
Speaker 1: And no, honestly, it was one of the worst periods

497
00:27:59,720 --> 00:28:02,400
Speaker 1: of our life. It's like there's absolutely no privacy, there's

498
00:28:02,480 --> 00:28:05,879
Speaker 1: no there's no personal space, and I don't know how

499
00:28:05,960 --> 00:28:08,239
Speaker 1: people live like that on a daily basis. But the

500
00:28:08,240 --> 00:28:10,119
Speaker 1: flip side of it is I've met a lot of

501
00:28:10,160 --> 00:28:13,320
Speaker 1: interesting people, and people come over to me and say hello.

502
00:28:13,480 --> 00:28:15,760
Speaker 1: In the airport. But that's not due to the tablet. No,

503
00:28:15,800 --> 00:28:17,640
Speaker 1: I understand that they come over and say hello. I mean,

504
00:28:17,800 --> 00:28:20,480
Speaker 1: I couldn't be more flattered or more gracious, and so

505
00:28:20,960 --> 00:28:22,439
Speaker 1: to me. I think one of the things that I

506
00:28:22,440 --> 00:28:24,840
Speaker 1: love about my wife is that she loves people, and

507
00:28:24,920 --> 00:28:27,520
Speaker 1: so so do I and we put our pants on

508
00:28:27,600 --> 00:28:29,239
Speaker 1: the same way everybody else. This is why I love

509
00:28:29,280 --> 00:28:32,400
Speaker 1: our podcast, because people have an inside look to our

510
00:28:32,440 --> 00:28:35,520
Speaker 1: actual life and personalities, not what people chose to put

511
00:28:35,520 --> 00:28:38,280
Speaker 1: in the newspaper or on TV. And they can get,

512
00:28:38,320 --> 00:28:41,600
Speaker 1: you know, the real deal versus what some journalists decided

513
00:28:41,680 --> 00:28:44,080
Speaker 1: to say or whatever picture they snapped at the time.

514
00:28:44,160 --> 00:28:48,800
Speaker 1: So but so many try look in the tabloids though,

515
00:28:48,840 --> 00:28:50,840
Speaker 1: just say no, I mean some of the pictures. I'm

516
00:28:50,880 --> 00:28:57,640
Speaker 1: a health in wellness like I read just come off

517
00:28:57,640 --> 00:29:00,520
Speaker 1: a cruise. But wait, but this isn't but no afing matter.

518
00:29:00,560 --> 00:29:02,160
Speaker 1: I mean, we were talking a little bit about this

519
00:29:02,280 --> 00:29:06,320
Speaker 1: in the in the break, which is essentially so many

520
00:29:06,480 --> 00:29:09,280
Speaker 1: political families and I'll focus on Trump world for right now,

521
00:29:09,760 --> 00:29:12,240
Speaker 1: have been impacted by this. You look at the Cohens,

522
00:29:12,280 --> 00:29:15,000
Speaker 1: for example, what they're going through. What do you what

523
00:29:15,080 --> 00:29:18,240
Speaker 1: do you make of Michael Cohen's situation, so I probably

524
00:29:18,280 --> 00:29:22,240
Speaker 1: wouldn't mind me saying this. I had dinner with Michael's

525
00:29:22,240 --> 00:29:25,640
Speaker 1: son in Miami last week. So I was down there

526
00:29:25,680 --> 00:29:29,040
Speaker 1: for an event, and uh, I called Michael and I said,

527
00:29:29,080 --> 00:29:31,280
Speaker 1: where's your son at the University of Miami. Haven't come

528
00:29:31,320 --> 00:29:33,520
Speaker 1: over and at dinner with me? And so to me,

529
00:29:33,720 --> 00:29:36,520
Speaker 1: you know, when kids get involved, they're very innocent. And

530
00:29:36,520 --> 00:29:40,040
Speaker 1: obviously Jared Kushner has experienced this where his father went

531
00:29:40,080 --> 00:29:42,920
Speaker 1: to jail for a few years when he was a young,

532
00:29:43,000 --> 00:29:47,440
Speaker 1: impressionable person. And now Michael's son, Jake, is affected by this,

533
00:29:47,560 --> 00:29:49,920
Speaker 1: and so you know, my heart goes out to that family.

534
00:29:49,960 --> 00:29:52,720
Speaker 1: And I would also say to both the Trump's and

535
00:29:52,720 --> 00:29:56,400
Speaker 1: the Cohens, you were friends at one time, and you

536
00:29:56,480 --> 00:29:59,760
Speaker 1: had a pretty good harmony in that relationship. And when

537
00:29:59,800 --> 00:30:03,120
Speaker 1: thing go this badly and you have friends that are

538
00:30:03,160 --> 00:30:05,960
Speaker 1: in between the two of you, it's very very rough.

539
00:30:06,200 --> 00:30:07,960
Speaker 1: So and so to me, my heart goes out to

540
00:30:08,040 --> 00:30:11,400
Speaker 1: Michael and his wife. And you know, whatever happened, he's

541
00:30:11,440 --> 00:30:14,840
Speaker 1: gonna pay his obviously dues to the society. I think

542
00:30:14,840 --> 00:30:18,120
Speaker 1: you should get pardoned. Um do I think you should

543
00:30:18,120 --> 00:30:19,640
Speaker 1: get well, that has to be up to the president.

544
00:30:19,680 --> 00:30:22,080
Speaker 1: But I mean, I think that the what we've done

545
00:30:22,160 --> 00:30:26,240
Speaker 1: now is that we have now criminalized the political process.

546
00:30:26,240 --> 00:30:28,760
Speaker 1: You know Benjamin Netton, yeah, who had a great line

547
00:30:28,800 --> 00:30:31,440
Speaker 1: about six eight months ago. He said, hey, we build

548
00:30:31,520 --> 00:30:34,800
Speaker 1: jail cells. Now, your country is a lot like my country.

549
00:30:34,800 --> 00:30:37,080
Speaker 1: We build a jail cell for you, and then when

550
00:30:37,120 --> 00:30:39,120
Speaker 1: you get into office, we do everything we can to

551
00:30:39,160 --> 00:30:41,479
Speaker 1: put you in that jail cell. But so you know,

552
00:30:41,520 --> 00:30:45,920
Speaker 1: if the president pardoned Michael Cohen, it wouldn't shock me

553
00:30:46,400 --> 00:30:49,719
Speaker 1: because it would hark back to their original relationship and

554
00:30:50,160 --> 00:30:52,560
Speaker 1: he would probably look at the family and the totality

555
00:30:52,600 --> 00:30:55,400
Speaker 1: of the damage that's already happened to his family, and

556
00:30:55,440 --> 00:30:57,560
Speaker 1: it would be an act of kindness, and it would

557
00:30:57,560 --> 00:31:02,400
Speaker 1: be an active you know, Christianity, And to me, I

558
00:31:02,440 --> 00:31:05,720
Speaker 1: would want to see that happen. I don't see that happening,

559
00:31:05,840 --> 00:31:09,520
Speaker 1: but I think it could be very remote. But you know, listen,

560
00:31:09,560 --> 00:31:14,800
Speaker 1: I mean that's what important power is there for Paul Manafort. Okay,

561
00:31:14,960 --> 00:31:17,120
Speaker 1: Like again, you know, people are upset with me because

562
00:31:17,160 --> 00:31:19,840
Speaker 1: I like Paul Maniford treated me well on the campaign.

563
00:31:20,080 --> 00:31:23,040
Speaker 1: I can't speak to Paul like I can to Michael,

564
00:31:23,040 --> 00:31:25,360
Speaker 1: because I knew Michael personally. But Here's what I would

565
00:31:25,360 --> 00:31:30,280
Speaker 1: say about Paul Manafort is that, you know, I think

566
00:31:30,320 --> 00:31:32,520
Speaker 1: the president feels badly about it. I think he's been

567
00:31:32,600 --> 00:31:34,600
Speaker 1: very clear about it. You know, you he got involved

568
00:31:34,640 --> 00:31:37,160
Speaker 1: with President Trump and got a target on his back.

569
00:31:37,480 --> 00:31:39,800
Speaker 1: From your from your vantage point, dear Drew, in terms

570
00:31:39,840 --> 00:31:43,600
Speaker 1: of how this has impacted families, I mean, and again

571
00:31:43,640 --> 00:31:47,960
Speaker 1: it really does cut really across political ideological lives. But

572
00:31:48,200 --> 00:31:51,240
Speaker 1: from your advantage point, just being a business person, being

573
00:31:51,760 --> 00:31:56,120
Speaker 1: a mom of five children, how has this impacted your kids? Well,

574
00:31:56,160 --> 00:31:59,560
Speaker 1: Anthony has three older kids, so it's impacted them more, um,

575
00:31:59,680 --> 00:32:02,280
Speaker 1: because they're obviously know what's going on in the world.

576
00:32:02,240 --> 00:32:04,680
Speaker 1: There are two younger ones are you know? They're still

577
00:32:04,680 --> 00:32:07,280
Speaker 1: in an Anthony gets slit up on Instagram because he

578
00:32:07,360 --> 00:32:10,640
Speaker 1: the same name as Anthony him and he's like, you wait,

579
00:32:10,680 --> 00:32:13,160
Speaker 1: what what do you say? I don't even know Donald

580
00:32:13,200 --> 00:32:14,920
Speaker 1: Trump is Why are you talking to me like that?

581
00:32:15,000 --> 00:32:17,120
Speaker 1: You know? So no, but it's just an interesting thing

582
00:32:17,160 --> 00:32:21,000
Speaker 1: what's going on that the presidency has affected so many

583
00:32:21,040 --> 00:32:24,600
Speaker 1: personal lives. It's just a phenomenon. What was the most

584
00:32:24,640 --> 00:32:27,080
Speaker 1: fun in terms of all of this, in terms of

585
00:32:27,080 --> 00:32:29,720
Speaker 1: being involved in the politics. We talked about what's the

586
00:32:29,800 --> 00:32:32,600
Speaker 1: fun question? The day Anthony came home. That was the

587
00:32:32,600 --> 00:32:35,440
Speaker 1: best part of it all. Um. No, campaigning in the

588
00:32:35,480 --> 00:32:37,080
Speaker 1: beginning was fun. You got to meet a lot of

589
00:32:37,080 --> 00:32:42,080
Speaker 1: interesting people, smart people. Debates were fun. Oh, I like

590
00:32:42,160 --> 00:32:49,080
Speaker 1: the one in Las Vegas. Yeah, and uh Clinton one

591
00:32:49,160 --> 00:32:53,040
Speaker 1: was brutal. But the Republican Party one where the president

592
00:32:53,080 --> 00:32:57,160
Speaker 1: was bowling for dollars and just knocking pins off the stage,

593
00:32:57,240 --> 00:32:59,000
Speaker 1: that was pretty interesting and fun. I was in the

594
00:32:59,040 --> 00:33:00,840
Speaker 1: wrong spot backs to age at the one de bit

595
00:33:01,040 --> 00:33:03,680
Speaker 1: for blanking where it was where the Clinton accusers were.

596
00:33:04,400 --> 00:33:08,200
Speaker 1: I was literally were standing there and all of a sudden,

597
00:33:08,240 --> 00:33:10,840
Speaker 1: I see the Clinton accusers coming. I was like, I

598
00:33:11,120 --> 00:33:15,320
Speaker 1: totally lost track of the press pool for the reporters.

599
00:33:15,320 --> 00:33:17,520
Speaker 1: The reason why he's president, and it's part of his genius.

600
00:33:17,520 --> 00:33:19,880
Speaker 1: Does he get reelected? He was climbing out well. I

601
00:33:19,880 --> 00:33:22,480
Speaker 1: I think he does. Okay, I don't know if dear does,

602
00:33:22,520 --> 00:33:24,960
Speaker 1: but I think he does. I think I think the

603
00:33:24,960 --> 00:33:28,320
Speaker 1: economy is humming along. I think the Russian inclusion case

604
00:33:28,320 --> 00:33:31,440
Speaker 1: will be behind him. Um. I would like to see

605
00:33:31,520 --> 00:33:33,760
Speaker 1: him be more in the state of mind that he

606
00:33:33,880 --> 00:33:36,560
Speaker 1: was during the State of the Union. Um. You know,

607
00:33:36,600 --> 00:33:39,040
Speaker 1: I thought that address was terrific, and so he goes

608
00:33:39,080 --> 00:33:42,280
Speaker 1: in that direction. I think he'll gather enough moderate and

609
00:33:42,320 --> 00:33:44,320
Speaker 1: independence of win re election. This was fun. This was

610
00:33:44,360 --> 00:33:46,160
Speaker 1: a different kind of show, but it was it was fun.

611
00:33:46,440 --> 00:33:49,120
Speaker 1: I wish you something before we leave. Yes, may I

612
00:33:49,200 --> 00:33:52,440
Speaker 1: wish you that you are not the next Supreme Court nominee,

613
00:33:52,720 --> 00:33:55,320
Speaker 1: because whoever that's gonna be, he's gonna be like a

614
00:33:55,360 --> 00:33:58,320
Speaker 1: slaughterhouse we leave there. I don't have a law degree,

615
00:33:58,400 --> 00:34:01,280
Speaker 1: so I think that I don't think I have those problems.

616
00:34:01,560 --> 00:34:06,320
Speaker 1: I don't appreciate Sam Standards. Check out their check out

617
00:34:06,440 --> 00:34:11,000
Speaker 1: their podcast on radio dot com every Tuesday. That's it

618
00:34:11,080 --> 00:34:13,319
Speaker 1: for me. Kevin Cerelli Bloomberg One