WEBVTT - Bloomberg's Talev on Clinton Campaign Post Trump Shakeup(Audio)

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<v Speaker 1>I'm Charlie Pellow to move higher now for the Dow,

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<v Speaker 1>today's afternoon call. And here he is at Lalan. Good afternoon, Charlie.

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<v Speaker 1>Main Us averages are quiet today, with a DOUBT up

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<v Speaker 1>trout Transports rise thirty two, NASDAC Biotechs are up eight,

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<v Speaker 1>utilities gained five, and the VIX drops four percent. Leaders

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<v Speaker 1>to the downside of the Dow include Caterpillar and Home Depot,

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<v Speaker 1>while Dow leaders to the upside include Walmart and Chevron.

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<v Speaker 1>It was a big day for oil drillers as helmerkan

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<v Speaker 1>Pain gains three percent and Transition rises four After the

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<v Speaker 1>I'm at the lawn, Charlie. All right, hey, thank you

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<v Speaker 1>very much. A head and to hear live breaking news

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<v Speaker 1>over your bloom Bird type squawk s q U A

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<v Speaker 1>w K on your terminal. I'm Charlie Pellett. That's a

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<v Speaker 1>bloom Bird business flash. This is taking stock with Kathleen

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<v Speaker 1>Hayes and Pox on Bloomberg Radio. On the political road,

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<v Speaker 1>Hillary Clinton's team is bracing for what Donald Trump's pain

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<v Speaker 1>shake up poor tens, a political fight that could drag

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<v Speaker 1>out every Clinton family drama, tabloid scandal, and conspiracy theory

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<v Speaker 1>of the past decades. So rights are Bloomberg car colleague

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<v Speaker 1>Market toll Off. She's our White House correspondent based in Washington,

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<v Speaker 1>d C. So Washington teen d C. Of course, is

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<v Speaker 1>as everyone's wondering what's going to happen now with Donald

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<v Speaker 1>Trump changing his team a bit and bringing on they

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<v Speaker 1>had a bright Bart news. Uh what do you make

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<v Speaker 1>of it, Margaret, Well, it was funny talking with the

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<v Speaker 1>Clinton campaign yesterday and watching her address, you know, her

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<v Speaker 1>first audience after the news of this. What they seem

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<v Speaker 1>to be making it of it is some combination of

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<v Speaker 1>not very much in terms of a change in their

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<v Speaker 1>own course or the potential for a couple of new

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<v Speaker 1>lines of attack against Donald Trump. Now you can say

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<v Speaker 1>that's been and they're possibly terrified of what the abandoned

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<v Speaker 1>might on weast saw in America. But but what they

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<v Speaker 1>have been saying, um, is that what they always anticipated

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<v Speaker 1>it once it became clear that Donald Trump as the

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<v Speaker 1>person they were going to be running against, was very

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<v Speaker 1>nasty attacks, sort of have blood style stuff, things about

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<v Speaker 1>Bill Clinton's past, the dramas from the White House years,

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<v Speaker 1>all that sort of stuff. So um, and then there

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<v Speaker 1>was a sort of brief rest. But over the summer

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<v Speaker 1>with the rise of Paul Manafort. Listen, the Trump campaign

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<v Speaker 1>where the question was is, man, if we're going to

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<v Speaker 1>tamp down on all of that and try to run

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<v Speaker 1>a more conventional campaign that will appeal to more centrist Republicans. Uh,

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<v Speaker 1>he kept trying, Trump kept resisting and sort of slipping

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<v Speaker 1>back into kind of gut instinct Trump and now with

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<v Speaker 1>what is being perceived as kind of a sidelining of

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<v Speaker 1>Manafort and a rise of Bannon, Kelly and Conway. Um,

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<v Speaker 1>the idea that that kind of experiment with uh, while modulating,

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<v Speaker 1>influences over and it reverts back to Plan A, which

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<v Speaker 1>is what they had planned for. So they heard to

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<v Speaker 1>be taken at their word. And there's no reason for

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<v Speaker 1>the Clinton campaign to change course because it'll be the

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<v Speaker 1>same campaign that they thought they would be running to

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<v Speaker 1>begin with. Margaret, I understand that these people are obviously

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<v Speaker 1>working for the campaign, Kelly and Conway and Stephen Bannon.

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<v Speaker 1>Do any of them have any history of public service. Well,

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<v Speaker 1>of course, it depends entirely on how you define public service.

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<v Speaker 1>But if you if part of the way you define

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<v Speaker 1>public services, to talk about polling is to talk about

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<v Speaker 1>movement conservatives. No, I mean public service, like public service,

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<v Speaker 1>like either working for the government or some kind of

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<v Speaker 1>public service that is not involved in celebrity or high

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<v Speaker 1>profile media. It's about their experience is essentially around organizing

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<v Speaker 1>Republican movements, whether it's mainstream movement or conservative movement and um.

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<v Speaker 1>And Trump's argument has been and will continue to be

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<v Speaker 1>that he's not a conventional politician and he shouldn't try

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<v Speaker 1>to run a campaign that's divine defined by conventional politics.

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<v Speaker 1>That if he's elected, wants it's time to govern. That's

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<v Speaker 1>when you bring in the people with the governance expertise.

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<v Speaker 1>But that when you're running a campaign and it's about ideas, personality,

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<v Speaker 1>got instinct, and that this is the team that reflects

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<v Speaker 1>has got instinct. Yeah, it's interesting how the uh, you know,

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<v Speaker 1>Roger Ailes is now said to have taken on a

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<v Speaker 1>more active advisory role since he was ousted from his

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<v Speaker 1>job at Fox News. He uh, the timing perfect for

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<v Speaker 1>Donald Trump in some sense because Ales has been so

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<v Speaker 1>strategic about you know, political issues, about about celebrities, about

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<v Speaker 1>so many things that he's put together at Fox News. Yeah.

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<v Speaker 1>The question for Trump has been and is going to

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<v Speaker 1>continue to be with some of these shifts and the

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<v Speaker 1>kind of reconstitution or reshaping, rhetorical reshaping of his team.

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<v Speaker 1>Is his real challenge one of kind of organization and

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<v Speaker 1>message consistency, or is his real challenge to be able

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<v Speaker 1>to move beyond that part of the Republican base and

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<v Speaker 1>into more of a center, if not a crossover camp.

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<v Speaker 1>So when you kind of draw a circle around all

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<v Speaker 1>of these folks, around Steve Bannon, around Kelly and Conway,

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<v Speaker 1>around Roger Ailes, um, do you don't traditionally think of

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<v Speaker 1>any of these people in terms of having uh a

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<v Speaker 1>record of reaching across partisan aisles or or even specializing

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<v Speaker 1>in the center. In fact, in the case of Um,

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<v Speaker 1>sort of bright Bart's recent history UM more more of

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<v Speaker 1>an effort to uh kind of push John Banner out

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<v Speaker 1>the door as House speaker, to be critical of mainstream Republicans. Now,

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<v Speaker 1>what Trump may pick up on the flip side from

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<v Speaker 1>all of these folks is knowing how to run a campaign,

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<v Speaker 1>knowing how to get the most out of a candidate,

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<v Speaker 1>knowing how to stay disciplined on message, on focus, to

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<v Speaker 1>kind of see your window. That's what he's hoping. What

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<v Speaker 1>the Clinton campaign is hoping is kind of coming from

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<v Speaker 1>the opposite end um of the spectrum, which is to say,

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<v Speaker 1>does UH does that consolidate Trump's strength entirely in the basement?

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<v Speaker 1>Does it give them UM an opportunity to drive a

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<v Speaker 1>wedge into the Republican Party to further that wedge that

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<v Speaker 1>isolates Trump from mainstream or publicans. Can they turn around

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<v Speaker 1>and pick up some of those books, uh? And can

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<v Speaker 1>they use it to um cospire more turnout or activism

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<v Speaker 1>on the Democratic side. Thank you very much. Margaret tolif

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<v Speaker 1>for White House correspondent for Bloomberg News based in Washington,

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<v Speaker 1>d C. Of course, home to Bloomberg one FM and

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<v Speaker 1>one oh five point seven h D two. You can

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<v Speaker 1>follow Margaret on Twitter at Margaret Tollef giving us her

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<v Speaker 1>perspective on the presidential race and Donald Trump's change in

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<v Speaker 1>his campaign management. You're listening to Taking Stock. I'm pim

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<v Speaker 1>Fox my co host Kathleen Hayes. This is Bloomberg bloom

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