1 00:00:00,960 --> 00:00:03,720 Speaker 1: Why from our nations this budget thing is going to 2 00:00:03,800 --> 00:00:06,560 Speaker 1: do nothing space Forts. I still think it's interesting President 3 00:00:06,559 --> 00:00:10,240 Speaker 1: Trump not playing his cards yet. Headlines Policy and politics 4 00:00:10,280 --> 00:00:15,560 Speaker 1: colliding Floomberg sound On, the insiders, the influencers, the insides. 5 00:00:15,680 --> 00:00:17,959 Speaker 1: I would rather see a congressional solution. It's part of 6 00:00:17,960 --> 00:00:21,120 Speaker 1: my DNA. The Senate map in looks a lot different 7 00:00:21,120 --> 00:00:23,920 Speaker 1: than it looked ins You really have a divide within 8 00:00:24,160 --> 00:00:26,720 Speaker 1: Team Trump. The president has to do exactly what people 9 00:00:26,720 --> 00:00:28,480 Speaker 1: sent him here to do, which is to get it done. 10 00:00:28,840 --> 00:00:33,400 Speaker 1: This is Bloomberg Sound On with Kevin Shirling on Bloomberg 11 00:00:34,640 --> 00:00:37,960 Speaker 1: and one oh five point seven h D two Capitol 12 00:00:38,080 --> 00:00:41,720 Speaker 1: Hill and an impeachment frenzy. President Trump's team sought to 13 00:00:41,800 --> 00:00:46,720 Speaker 1: conceal Ukraine calls that he calls perfect. Plus the whistleblower 14 00:00:46,800 --> 00:00:51,640 Speaker 1: complaint finally made public. We have it covered from every angle, 15 00:00:51,720 --> 00:00:54,560 Speaker 1: and we will get fresh reaction from Congressman John Garamandi, 16 00:00:54,600 --> 00:00:58,920 Speaker 1: a Democrat from California. He'll call in later this hour, 17 00:00:59,200 --> 00:01:01,480 Speaker 1: and we have a team of two insiders to help 18 00:01:01,720 --> 00:01:05,039 Speaker 1: really gauge whether or not this thing is going to 19 00:01:05,360 --> 00:01:09,600 Speaker 1: lead to a conviction in the Republican controlled Senate. Amos 20 00:01:09,640 --> 00:01:12,920 Speaker 1: Snead is here. He is executive vice president at at Pharaoh, 21 00:01:13,040 --> 00:01:17,039 Speaker 1: a strategic communications firm headquartered in Washington, d C. He's 22 00:01:17,080 --> 00:01:19,319 Speaker 1: also the co author of Climbing the Hill, How to 23 00:01:19,360 --> 00:01:22,560 Speaker 1: build a career in politics and make a Difference. He 24 00:01:22,600 --> 00:01:25,280 Speaker 1: wrote it with a Democrat. He uh. And we're also 25 00:01:25,360 --> 00:01:28,920 Speaker 1: joined by Louis Miranda, former d n C Communications Director. 26 00:01:29,000 --> 00:01:31,440 Speaker 1: So to all stars, But before we dive into what 27 00:01:31,560 --> 00:01:34,760 Speaker 1: was a very busy day, very busy day, Nancy on 28 00:01:34,800 --> 00:01:37,200 Speaker 1: Capitol Hill. I was up there. It was crowded, lots 29 00:01:37,240 --> 00:01:40,080 Speaker 1: of lots of foot traffic outside of the hearing room. 30 00:01:40,360 --> 00:01:44,840 Speaker 1: We begin tonight with a recap of what was the 31 00:01:44,880 --> 00:01:50,560 Speaker 1: Acting Director of National Intelligences day on Capitol Hill, Joseph McGuire, 32 00:01:50,680 --> 00:01:56,160 Speaker 1: testifying before the House Intelligence Committee. He's began his testimony 33 00:01:56,280 --> 00:02:00,760 Speaker 1: this morning of moments after the whistle blow were complaint 34 00:02:00,880 --> 00:02:03,960 Speaker 1: was made public in the nine page document A narrative. 35 00:02:04,400 --> 00:02:08,200 Speaker 1: A narrative was spun by this whistleblower, which alleges that 36 00:02:08,280 --> 00:02:12,200 Speaker 1: over the spanning of four and a half months, President Trump, 37 00:02:12,240 --> 00:02:16,280 Speaker 1: as well as his personal attorney Rudy Giuliani, engaged in 38 00:02:16,440 --> 00:02:22,320 Speaker 1: trying to get Ukraine officials to play ball, according to 39 00:02:22,360 --> 00:02:26,960 Speaker 1: the whistleblower complaint, to play ball with them on digging 40 00:02:27,080 --> 00:02:32,240 Speaker 1: dirt on Joe Biden and Hunter Biden. Now Republicans reacting 41 00:02:32,400 --> 00:02:37,960 Speaker 1: and Ernst saying that this whistleblower complaint is something that 42 00:02:38,880 --> 00:02:43,240 Speaker 1: was hearsay, something that was based on second and third 43 00:02:43,320 --> 00:02:46,639 Speaker 1: hand accounts, and that's where we are. We have two 44 00:02:46,639 --> 00:02:50,360 Speaker 1: all stars to help navigate through a very complex and 45 00:02:50,440 --> 00:02:54,840 Speaker 1: fluid situation. Amos Sneed, executive vice president at at Pharaoh. 46 00:02:55,480 --> 00:02:59,000 Speaker 1: That is the strategic communications firm headquartered in Washington, d C. 47 00:02:59,600 --> 00:03:04,400 Speaker 1: He's for prominent Republicans on Capitol Hill as well. Lewis 48 00:03:04,440 --> 00:03:08,720 Speaker 1: Miranda Returns, former d n C communications director, And coming up, 49 00:03:09,000 --> 00:03:12,880 Speaker 1: we'll check in with Congressman John Gara Mendy, a Democrat 50 00:03:12,960 --> 00:03:18,200 Speaker 1: from California. I want to start here with the hearing. Gentlemen. 51 00:03:18,240 --> 00:03:19,520 Speaker 1: First of all, thank you both for being here. I 52 00:03:19,520 --> 00:03:22,639 Speaker 1: want to start here with the hearing, and then later 53 00:03:22,800 --> 00:03:26,520 Speaker 1: on I want to dive into the process of an 54 00:03:26,560 --> 00:03:30,040 Speaker 1: impeachment and an impeachment trial then in the Senate. But 55 00:03:30,120 --> 00:03:32,919 Speaker 1: your big takeaways, I'll start with you, Amos, your big 56 00:03:32,960 --> 00:03:36,880 Speaker 1: takeaways from the hearing today. Kevin, First of all, thanks 57 00:03:36,920 --> 00:03:38,720 Speaker 1: for having me on UM. I think if you look 58 00:03:38,760 --> 00:03:42,360 Speaker 1: at what happened today, it's following the playbook that we've 59 00:03:42,360 --> 00:03:44,560 Speaker 1: seen over the past two years, ever since President Trump 60 00:03:44,600 --> 00:03:46,920 Speaker 1: has been in office. No matter what the event is, 61 00:03:47,040 --> 00:03:50,800 Speaker 1: it gives both sides enough ammunition about enough talking points, 62 00:03:50,880 --> 00:03:52,840 Speaker 1: enough content to go out and tell their side of 63 00:03:52,840 --> 00:03:55,000 Speaker 1: the story and claim victory. And I think if you 64 00:03:55,040 --> 00:03:57,720 Speaker 1: were watching the recap and watching what came out of 65 00:03:57,720 --> 00:03:59,640 Speaker 1: the hearing today, I think that's another case of it. 66 00:03:59,760 --> 00:04:01,960 Speaker 1: Both sides are going to declare victory, and both sides 67 00:04:02,240 --> 00:04:04,920 Speaker 1: are gonna believe they've got enough information to continue to 68 00:04:04,920 --> 00:04:06,600 Speaker 1: move this forward. I think there's there's a lot of 69 00:04:06,600 --> 00:04:08,680 Speaker 1: truth to that, and I agree that both sides will 70 00:04:08,720 --> 00:04:11,200 Speaker 1: have plenty to try to latch onto. But unfortunately, that's 71 00:04:11,240 --> 00:04:14,280 Speaker 1: just what Washington has become lately, where no matter what happens, 72 00:04:14,320 --> 00:04:16,800 Speaker 1: every side claims victory no matter what the facts say. 73 00:04:16,839 --> 00:04:19,440 Speaker 1: I think the biggest thing to happen today is that 74 00:04:19,720 --> 00:04:22,680 Speaker 1: the acting D and I did, in fact, uh support 75 00:04:22,760 --> 00:04:25,760 Speaker 1: and praise the actions of the whistle blower who did 76 00:04:25,800 --> 00:04:28,560 Speaker 1: everything by the book and and and that's important because 77 00:04:28,640 --> 00:04:31,520 Speaker 1: the White House is very intent on trying to dismantle 78 00:04:31,520 --> 00:04:35,560 Speaker 1: the credibility of this person, and and UH bolstering the 79 00:04:35,640 --> 00:04:38,039 Speaker 1: credibility is an important fact that the D and I 80 00:04:38,080 --> 00:04:43,400 Speaker 1: did today. Democrats tried to their Democrats raised this issue 81 00:04:43,760 --> 00:04:48,120 Speaker 1: of McGuire, the Acting Director of National Intelligence, going to 82 00:04:48,200 --> 00:04:52,440 Speaker 1: the White House first with regards to the whistleblower complaint. 83 00:04:52,560 --> 00:04:56,680 Speaker 1: Lewis why why they got the complaint. The complaint was 84 00:04:56,720 --> 00:04:59,000 Speaker 1: made public because there was an effort to keep it 85 00:04:59,000 --> 00:05:01,640 Speaker 1: from Congress. And and that's been one of the consistent 86 00:05:01,720 --> 00:05:03,760 Speaker 1: problems with this White House is that they don't want 87 00:05:03,760 --> 00:05:05,560 Speaker 1: to play ball with Congress. They don't want to believe 88 00:05:05,600 --> 00:05:08,120 Speaker 1: that they are subject to oversight. And Congress is a 89 00:05:08,160 --> 00:05:11,240 Speaker 1: coequal branch. Uh, it doesn't always act that way. I 90 00:05:11,279 --> 00:05:14,200 Speaker 1: think that Pelosi not having moved a little bit stronger 91 00:05:14,240 --> 00:05:17,080 Speaker 1: after the Mula report, for example, shows that the House 92 00:05:17,120 --> 00:05:19,880 Speaker 1: isn't always ready to take up its its role as 93 00:05:19,880 --> 00:05:22,280 Speaker 1: a coequal branch and hold the executive branch accountable. But 94 00:05:22,279 --> 00:05:24,920 Speaker 1: it was important that it happened in this instance. Based 95 00:05:25,400 --> 00:05:28,800 Speaker 1: on many other examples of how the White House has 96 00:05:28,839 --> 00:05:31,680 Speaker 1: tried to block Congress from let's hear from McGuire, the 97 00:05:31,720 --> 00:05:35,640 Speaker 1: Inspector General. Let's hear from Acting Director of National Intelligence 98 00:05:36,160 --> 00:05:39,560 Speaker 1: Joseph McGuire when he testified about the inspector general who 99 00:05:39,640 --> 00:05:42,960 Speaker 1: vetted the whistleblower complaint, amos and then I'll get your 100 00:05:43,000 --> 00:05:46,159 Speaker 1: reaction here he is, here's McGuire. I believe that the 101 00:05:46,200 --> 00:05:50,400 Speaker 1: Intelligence community inspected General did a thorough investigation with the 102 00:05:50,400 --> 00:05:53,880 Speaker 1: fourteen day time frame that he had, and under that timeline, 103 00:05:53,920 --> 00:05:56,800 Speaker 1: to the best of his ability, made the determination that 104 00:05:56,920 --> 00:06:00,000 Speaker 1: it was both credible and urgent. I have no reason 105 00:06:00,080 --> 00:06:04,159 Speaker 1: the doubt that Michael Atkinson did anything but his his 106 00:06:04,160 --> 00:06:06,760 Speaker 1: his job. Hey, you know, Kevin, I think if you, 107 00:06:06,960 --> 00:06:09,880 Speaker 1: if you're in Washington long enough, your political party at 108 00:06:09,880 --> 00:06:13,240 Speaker 1: some point will complain about congressional oversight to the White House. 109 00:06:13,279 --> 00:06:15,960 Speaker 1: I mean, we can just reshape and recycle these talking 110 00:06:16,000 --> 00:06:18,679 Speaker 1: points every couple of years. So I hear your point, Louis, 111 00:06:18,680 --> 00:06:20,480 Speaker 1: and I've been in your seat and I've had the 112 00:06:20,520 --> 00:06:23,720 Speaker 1: same complaints. Um, but let's take a bigger What does 113 00:06:23,760 --> 00:06:26,520 Speaker 1: this mean on Capitol Hill? Right? I mean, this for 114 00:06:26,640 --> 00:06:29,359 Speaker 1: sure means we're not going to have a conversation about 115 00:06:29,360 --> 00:06:31,560 Speaker 1: the border. We're not going to have a conversation about guns, 116 00:06:31,800 --> 00:06:35,159 Speaker 1: U U, S, M C A and will Infrastructure Week 117 00:06:35,200 --> 00:06:38,560 Speaker 1: ever finally happen. I'm not sure, but I think if 118 00:06:38,560 --> 00:06:42,040 Speaker 1: you look at this, this basically shuts down any legislative 119 00:06:42,040 --> 00:06:44,520 Speaker 1: activity on Capitol Hill, and going into an election here, 120 00:06:44,560 --> 00:06:47,800 Speaker 1: you're not going to see a lot of legislating historically anyway. 121 00:06:47,880 --> 00:06:50,160 Speaker 1: But now with this, this is straight up campaign mode 122 00:06:50,200 --> 00:06:51,960 Speaker 1: from now until election. And I think that's such an 123 00:06:52,000 --> 00:06:54,240 Speaker 1: interesting point coming we'll talk about the politics of this 124 00:06:54,320 --> 00:06:57,640 Speaker 1: coming up. Just because if you're if you're you're now 125 00:06:57,760 --> 00:06:59,920 Speaker 1: like what five six months away from the February three 126 00:07:00,000 --> 00:07:03,080 Speaker 1: Iowa Caucus is if your boat, Corey Booker, if you're 127 00:07:03,279 --> 00:07:06,080 Speaker 1: better or work or your pee Buddha judge, and and 128 00:07:06,120 --> 00:07:10,560 Speaker 1: the drumbeat of media attention is on impeachment, impeachment proceedings, 129 00:07:10,560 --> 00:07:13,840 Speaker 1: the trial of impeachment. It's very hard to break through 130 00:07:14,000 --> 00:07:16,360 Speaker 1: from the top tier candidates. Let's stick for the with 131 00:07:16,400 --> 00:07:19,120 Speaker 1: this for now, because there was so much that came 132 00:07:19,160 --> 00:07:23,520 Speaker 1: out of this whistleblower complaints where McGuire was testifying before 133 00:07:23,560 --> 00:07:26,840 Speaker 1: the House Intelligence Committee, then he met with the Senate 134 00:07:26,880 --> 00:07:31,000 Speaker 1: behind closed doors, and one of the things that emerged 135 00:07:31,160 --> 00:07:34,880 Speaker 1: from this narrative of the whistleblower complaint and through the 136 00:07:35,160 --> 00:07:39,680 Speaker 1: public testimony today was that there were other documents, other 137 00:07:39,840 --> 00:07:44,960 Speaker 1: transcripts with other calls between President Trump and other foreign 138 00:07:45,040 --> 00:07:50,360 Speaker 1: leaders that the whistleblower alleges were concealed. Uh. Well, I 139 00:07:50,400 --> 00:07:53,800 Speaker 1: think that the key concern is that the White House 140 00:07:53,800 --> 00:07:57,160 Speaker 1: has been trying to categorize the transcripts of the President's 141 00:07:57,160 --> 00:08:00,320 Speaker 1: calls and the internal documentation of those types of halls 142 00:08:00,640 --> 00:08:03,480 Speaker 1: in a way through the National Security Council that make 143 00:08:03,560 --> 00:08:06,560 Speaker 1: it much harder uh to access and to make available 144 00:08:06,600 --> 00:08:09,840 Speaker 1: to Congress and what should be normal oversight. UH. And 145 00:08:09,840 --> 00:08:11,960 Speaker 1: that's a problem. And so the whistle blower did mention 146 00:08:12,240 --> 00:08:14,800 Speaker 1: that the White House appears to have done that, and 147 00:08:14,840 --> 00:08:16,480 Speaker 1: it and it does seem that the White House has 148 00:08:16,520 --> 00:08:19,360 Speaker 1: been trying to to block information to this. I think 149 00:08:19,400 --> 00:08:21,960 Speaker 1: the transcript is damning. I think the transcript shows very 150 00:08:21,960 --> 00:08:25,360 Speaker 1: clearly that there was an attempt by the president UH 151 00:08:25,400 --> 00:08:29,120 Speaker 1: to to force a political investigation of an opponent. And 152 00:08:29,160 --> 00:08:31,520 Speaker 1: this is very different from two thousand sixteen when he 153 00:08:31,600 --> 00:08:35,080 Speaker 1: was just suggesting as a candidate Russia, if you're listening, 154 00:08:35,080 --> 00:08:38,800 Speaker 1: please go get these emails. He's actually using the power 155 00:08:39,160 --> 00:08:43,160 Speaker 1: and the instruments of the US government, UH, and US 156 00:08:43,440 --> 00:08:46,800 Speaker 1: foreign policy to uh for his own personal interests, for 157 00:08:46,880 --> 00:08:50,199 Speaker 1: his own political gain, and that's incredibly troubling and it's 158 00:08:50,200 --> 00:08:53,559 Speaker 1: incredibly different from us more dangerous. Let's hear. Let's hear 159 00:08:53,600 --> 00:08:56,800 Speaker 1: how how McGuire, the acting Director of National Intelligence to 160 00:08:56,840 --> 00:08:59,760 Speaker 1: your point, to both your points, reacted to the whistle 161 00:08:59,800 --> 00:09:02,840 Speaker 1: blow or here he is talking about the whistle blower's credibility. 162 00:09:03,000 --> 00:09:05,240 Speaker 1: I think the whistle blower did the right thing. I 163 00:09:05,240 --> 00:09:07,719 Speaker 1: think he followed the law every step of the way. 164 00:09:08,200 --> 00:09:12,720 Speaker 1: So so amos I mean Joe McGuire five weeks in 165 00:09:12,720 --> 00:09:16,280 Speaker 1: the job, I mean he had a task today to 166 00:09:16,280 --> 00:09:19,960 Speaker 1: to keep politics out of this. Did he succeed He 167 00:09:20,040 --> 00:09:22,120 Speaker 1: may have succeeded keeping politics out in his mind, but 168 00:09:22,200 --> 00:09:26,760 Speaker 1: as soon as he delivered it this immediately Yeah, you know, 169 00:09:26,840 --> 00:09:29,040 Speaker 1: I do think it's worth noting on the whistle blower. 170 00:09:29,040 --> 00:09:30,760 Speaker 1: And look, the three of us did not hear that, 171 00:09:30,880 --> 00:09:33,720 Speaker 1: and there were some separation from who actually heard this 172 00:09:33,760 --> 00:09:36,319 Speaker 1: call and then who reported it. And I think we're 173 00:09:36,320 --> 00:09:40,520 Speaker 1: going to continue to see really hard looks into the 174 00:09:40,520 --> 00:09:42,880 Speaker 1: political bias of the legal team that whistle blower has 175 00:09:42,920 --> 00:09:45,560 Speaker 1: as symboled, and I think there's more to this story, um, 176 00:09:45,760 --> 00:09:47,880 Speaker 1: and it will continue to trickle out. But he may 177 00:09:47,920 --> 00:09:50,360 Speaker 1: have succeeded in not framing it in his mind politically, 178 00:09:50,760 --> 00:09:52,760 Speaker 1: but not in this town. Not in Let's not forget 179 00:09:52,760 --> 00:09:55,720 Speaker 1: that the Inspector General did what he said. What McGuire 180 00:09:55,760 --> 00:09:58,160 Speaker 1: said was a credible investigation, and it seems to have 181 00:09:58,640 --> 00:10:01,360 Speaker 1: found that it was consistent with coming up. We dive 182 00:10:01,360 --> 00:10:04,920 Speaker 1: into the politics of this, plus the impeachment process and 183 00:10:05,040 --> 00:10:08,040 Speaker 1: the White House how were they reacting? Panel stays. You 184 00:10:08,040 --> 00:10:10,720 Speaker 1: can download the Bloomberg Sound On podcast on Apple, it tunes, 185 00:10:10,760 --> 00:10:13,760 Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app. 186 00:10:13,760 --> 00:10:16,080 Speaker 1: You can also find us on Radio dot com, I 187 00:10:16,160 --> 00:10:20,240 Speaker 1: Heart Radio, and Spotify. I'm Kevin Cirelli, Chief Washington correspondent 188 00:10:20,240 --> 00:10:23,400 Speaker 1: from Bloomberg Television and Bloomberg Radio. Go Phillies, Go Eagles. 189 00:10:23,440 --> 00:10:32,520 Speaker 1: You're listening to Bloomberg. This is Bloomberg Sound On with 190 00:10:32,600 --> 00:10:37,040 Speaker 1: Kevin Surreley on Bloomberg and one oh five point seven 191 00:10:37,120 --> 00:10:40,520 Speaker 1: f M H D two. It's another witch unk. Here 192 00:10:40,559 --> 00:10:44,880 Speaker 1: we go again. It's Adam Shift and his crew making 193 00:10:44,960 --> 00:10:48,559 Speaker 1: up stories and sitting there like pious whatever you want 194 00:10:48,600 --> 00:10:51,600 Speaker 1: to call them. It's just a really a disgrace. It's 195 00:10:51,640 --> 00:10:54,600 Speaker 1: a terrible thing for our country. Uh, they can't do 196 00:10:54,640 --> 00:10:57,760 Speaker 1: any work. They're frozen. The Democrats are gonna lose the election. 197 00:10:57,800 --> 00:11:00,800 Speaker 1: They know it. That's why they're doing it. That was 198 00:11:00,880 --> 00:11:04,240 Speaker 1: President Trump speaking earlier today as he departed Joint based 199 00:11:04,280 --> 00:11:07,559 Speaker 1: Andrews and route to the White House as he returns 200 00:11:07,600 --> 00:11:12,720 Speaker 1: from the UN General Assembly meetings, reacting to the hearing 201 00:11:12,720 --> 00:11:17,679 Speaker 1: on Capitol Hill, the impeachment inquiry hearing with the Acting 202 00:11:17,679 --> 00:11:22,960 Speaker 1: Director of National Intelligence Joseph McGuire following that, the the 203 00:11:23,080 --> 00:11:26,640 Speaker 1: Ukraine story and whether or not the President frozen military 204 00:11:26,720 --> 00:11:30,640 Speaker 1: assets to Ukraine, trying to get them to do some 205 00:11:30,679 --> 00:11:35,440 Speaker 1: political digging on Hunter Biden. I'm Kevin Cirelli, Chief Washington 206 00:11:35,440 --> 00:11:38,320 Speaker 1: correspondent from Lumberg Television of Bloomberg Radio. My guests with 207 00:11:38,400 --> 00:11:42,040 Speaker 1: me are Amos Sneed, executive vice president at at Farao 208 00:11:42,160 --> 00:11:45,880 Speaker 1: Strategic Communications firm headquartered in d C. He's also a 209 00:11:46,320 --> 00:11:49,520 Speaker 1: UH he previously has worked on Capitol Hill for several Republicans. 210 00:11:49,559 --> 00:11:54,000 Speaker 1: Lewis Miranda Returns, he's former d n C communications director. 211 00:11:54,720 --> 00:11:58,840 Speaker 1: All Right, so we talked about what happened on Capitol Hill. 212 00:11:59,160 --> 00:12:01,880 Speaker 1: Now let's talk about what's next in terms of the process, 213 00:12:01,920 --> 00:12:03,880 Speaker 1: and the markets are trying to make sense of this. 214 00:12:03,920 --> 00:12:07,560 Speaker 1: They didn't really react today, little to to no reaction 215 00:12:07,760 --> 00:12:10,600 Speaker 1: off of the hearing today, uh and, And there seems 216 00:12:10,640 --> 00:12:13,000 Speaker 1: to be a consensus here inside of the Beltway, gentleman 217 00:12:13,320 --> 00:12:18,520 Speaker 1: about where policy goes, and that this impeachment really creates 218 00:12:18,520 --> 00:12:22,960 Speaker 1: a hurdle on the likes of drug pricing legislation on 219 00:12:23,200 --> 00:12:25,760 Speaker 1: U S m c A, that path becomes more narrow. 220 00:12:25,800 --> 00:12:28,160 Speaker 1: The people are actually still somewhat more optimistic on that. 221 00:12:28,520 --> 00:12:31,000 Speaker 1: Obviously on other hop up issues pertaining to the Second 222 00:12:31,040 --> 00:12:37,439 Speaker 1: Amendment uh and and other items. But from a procedural standpoint, 223 00:12:37,520 --> 00:12:43,240 Speaker 1: Louis Speaker Pelosi, what's her timetable for bringing articles of impeachment? 224 00:12:43,840 --> 00:12:48,040 Speaker 1: I think, politically speaking, it's gotta be um relatively quick. 225 00:12:48,080 --> 00:12:50,400 Speaker 1: I mean that they would want to be doing this 226 00:12:50,480 --> 00:12:53,360 Speaker 1: process throughout the fall, long before you really get into 227 00:12:53,520 --> 00:12:57,640 Speaker 1: the Iowa caucuses, the distraction of the presidential cycle playing in. 228 00:12:58,040 --> 00:12:59,839 Speaker 1: She's trying to do this as a coequal branch and 229 00:13:00,000 --> 00:13:02,440 Speaker 1: based on her constitutional duty. But there's a political reality, 230 00:13:02,440 --> 00:13:04,480 Speaker 1: which is that Congress and members of Congress in both 231 00:13:04,520 --> 00:13:07,600 Speaker 1: chambers are going to be very distracted with their own 232 00:13:07,640 --> 00:13:10,840 Speaker 1: campaigns and the presidential campaign. So the sooner that she's 233 00:13:10,840 --> 00:13:13,000 Speaker 1: able to move this process forward, the better. All the 234 00:13:13,000 --> 00:13:17,439 Speaker 1: television networks, all the big networks, ABCNBCCBS, they all carried 235 00:13:17,480 --> 00:13:20,880 Speaker 1: this hearing. I was surprised. I was I'm sure that 236 00:13:20,920 --> 00:13:23,520 Speaker 1: this administration and I don't know this for sure, so 237 00:13:23,880 --> 00:13:27,000 Speaker 1: but I'm sure that this is like there there's never 238 00:13:27,040 --> 00:13:30,120 Speaker 1: been in recent history and administration that has had the 239 00:13:30,160 --> 00:13:32,839 Speaker 1: network's break into congressional hearings as much as this. I mean, 240 00:13:32,960 --> 00:13:37,640 Speaker 1: daytime television fans were frustrated, or maybe they're just bored 241 00:13:37,679 --> 00:13:41,720 Speaker 1: at this point, but uh amous our friends of the 242 00:13:41,720 --> 00:13:45,120 Speaker 1: Eurasia Group put it out. The prospects of impeachment at 243 00:13:46,160 --> 00:13:49,440 Speaker 1: a conviction trial in the Senate about ten percent. Where 244 00:13:49,480 --> 00:13:52,800 Speaker 1: do you put a speaker? Pelosi back, I mean backed 245 00:13:52,800 --> 00:13:54,840 Speaker 1: herself into a corner in the sense that she has 246 00:13:54,880 --> 00:13:58,400 Speaker 1: to go down this path that the reporting has been. 247 00:13:58,480 --> 00:14:00,960 Speaker 1: It's hard to report on this because Democrats are saying 248 00:14:01,320 --> 00:14:04,400 Speaker 1: they support an impeachment inquiry, which is different than saying 249 00:14:04,400 --> 00:14:07,400 Speaker 1: you support impeachment. So there's nuance on that front. But 250 00:14:07,520 --> 00:14:11,600 Speaker 1: from the top line view outside looking in mass you know, 251 00:14:11,720 --> 00:14:14,920 Speaker 1: overlined view, has she backed herself into having to to 252 00:14:15,320 --> 00:14:17,439 Speaker 1: do this, Kevin. I think if you look at this 253 00:14:17,679 --> 00:14:21,440 Speaker 1: from Nancy Pelosi's lens, she understands that impeachment is a 254 00:14:21,520 --> 00:14:24,600 Speaker 1: gift to President Trump for fundraising. It's a gift to 255 00:14:24,680 --> 00:14:27,200 Speaker 1: him on the campaign trail, and she's known that for months, 256 00:14:27,200 --> 00:14:29,680 Speaker 1: and that's why she's held her caucus back going down 257 00:14:29,720 --> 00:14:31,960 Speaker 1: this road. I think, as you saw this week with 258 00:14:32,000 --> 00:14:34,880 Speaker 1: the freshman House Democrats coming out in that OpEd, and 259 00:14:34,920 --> 00:14:38,200 Speaker 1: she realized, I can't hold this back any further. So now, yes, 260 00:14:38,280 --> 00:14:40,520 Speaker 1: she has backed herself into a corner because now, if 261 00:14:40,560 --> 00:14:43,080 Speaker 1: you don't proceed, this gives the President of the United 262 00:14:43,080 --> 00:14:45,120 Speaker 1: States an opportunity to stand back and say, see, I 263 00:14:45,200 --> 00:14:46,840 Speaker 1: told you again this was a witch hunt. So she 264 00:14:46,840 --> 00:14:49,160 Speaker 1: has no choice but to go down this path. But 265 00:14:49,240 --> 00:14:52,160 Speaker 1: let's think for a second. So you have barely two 266 00:14:52,200 --> 00:14:55,360 Speaker 1: thirds of the House Democrats who are currently supporting impeachment 267 00:14:55,440 --> 00:14:58,120 Speaker 1: right now, and you have barely a one third of 268 00:14:58,160 --> 00:15:01,000 Speaker 1: Americans across the country who supported so right now, I 269 00:15:01,000 --> 00:15:03,480 Speaker 1: believe Pelosi and the Democrats to put themselves in a 270 00:15:03,480 --> 00:15:05,640 Speaker 1: corner that they're gonna have to spend the next thirteen 271 00:15:05,720 --> 00:15:08,800 Speaker 1: months talking about impeachment. And I believe that's out of 272 00:15:08,840 --> 00:15:11,560 Speaker 1: step with the priorities that are constituents. So they're they're 273 00:15:11,560 --> 00:15:14,360 Speaker 1: already making politically calculated moves. You know, the last time 274 00:15:14,360 --> 00:15:15,840 Speaker 1: we saw this kind of corruption in the White House 275 00:15:16,000 --> 00:15:19,600 Speaker 1: during Nixon, there there wasn't support for impeachment just before 276 00:15:19,640 --> 00:15:22,960 Speaker 1: that process unfolded. So I think pulling right now is 277 00:15:22,960 --> 00:15:25,560 Speaker 1: is irrelevant. If the if the House show's leadership, if 278 00:15:25,560 --> 00:15:29,320 Speaker 1: the investigation shows what uh this whistle blower complaint is showing, 279 00:15:29,360 --> 00:15:31,600 Speaker 1: I think that those numbers will change dramatically. All right, 280 00:15:31,640 --> 00:15:35,400 Speaker 1: So you know, in terms of let's let's put products 281 00:15:35,520 --> 00:15:39,040 Speaker 1: Republicans in the Senate. Sorry, I'm studying amos. What is 282 00:15:39,040 --> 00:15:41,880 Speaker 1: their conundrum tonight? All right, let's just talk about the 283 00:15:41,880 --> 00:15:45,280 Speaker 1: impeachment process for a second, right, So, how Judiciary Committee 284 00:15:45,320 --> 00:15:48,560 Speaker 1: opens the impeachment inquiry? The House passes or does not 285 00:15:48,600 --> 00:15:51,520 Speaker 1: pass articles of impeachment by a majority vote, and then 286 00:15:51,520 --> 00:15:53,320 Speaker 1: we go over to the Senate and you'd have to 287 00:15:53,360 --> 00:15:55,320 Speaker 1: have a trial, and then the Senate has to vote 288 00:15:55,400 --> 00:15:58,400 Speaker 1: for or against impeachment by a two thirds vote. So 289 00:15:58,440 --> 00:16:01,560 Speaker 1: we need sixty seven senators to vote for impeachment. So 290 00:16:01,680 --> 00:16:05,000 Speaker 1: right now, Democrats would need twenty of the fifty three 291 00:16:05,000 --> 00:16:07,880 Speaker 1: Republican senators to vote for impeachment. That's not gonna happen. 292 00:16:07,960 --> 00:16:10,160 Speaker 1: It's not gonna happen in election year. It's not gonna happen. 293 00:16:11,240 --> 00:16:13,040 Speaker 1: Do you think, Louis that I mean, is there is 294 00:16:13,280 --> 00:16:16,480 Speaker 1: They're literally zero chance that twenty Republican senators will get 295 00:16:16,480 --> 00:16:17,800 Speaker 1: on board. I mean, you heard a little bit from 296 00:16:17,800 --> 00:16:20,000 Speaker 1: Ben Sas today, you heard a little bit from Senator 297 00:16:20,040 --> 00:16:23,520 Speaker 1: Mitt Romney, but you're not even even they are not saying, 298 00:16:24,000 --> 00:16:26,160 Speaker 1: you know that they that they are comfortable with impeachment. 299 00:16:26,520 --> 00:16:28,600 Speaker 1: I think that's right. I think the chances of impeachment 300 00:16:28,680 --> 00:16:31,479 Speaker 1: in the House are very high. Impeachment, though, is an indictment. 301 00:16:31,560 --> 00:16:34,440 Speaker 1: It is a indictment of a president that then has 302 00:16:34,520 --> 00:16:36,920 Speaker 1: to go to the conviction in the Senate. The conviction 303 00:16:37,000 --> 00:16:39,440 Speaker 1: is very unlikely because they certainly have the numbers to 304 00:16:39,440 --> 00:16:41,920 Speaker 1: block it. Um. However, I think the more that emerges 305 00:16:41,920 --> 00:16:44,600 Speaker 1: about the way this operator, this White House operates, the 306 00:16:44,640 --> 00:16:46,840 Speaker 1: more that a lot of Republicans are uncomfortable about it. 307 00:16:46,920 --> 00:16:49,040 Speaker 1: So I don't want to pick up on it because 308 00:16:49,440 --> 00:16:51,200 Speaker 1: and then coming up we're gonna check them with John 309 00:16:51,200 --> 00:16:54,320 Speaker 1: Garret Bundy. But you know, the Washington Examiner, which has 310 00:16:54,360 --> 00:16:58,040 Speaker 1: a concert it's a conservative leaning organization, but their editorial 311 00:16:58,120 --> 00:17:00,960 Speaker 1: today I think really sums up the conundrum for the 312 00:17:01,040 --> 00:17:04,560 Speaker 1: romneyesque Republicans, which is, quote, I'm gonna read it here quote. 313 00:17:04,640 --> 00:17:08,000 Speaker 1: Trump has difficulty distinguishing between his own interests and those 314 00:17:08,040 --> 00:17:11,399 Speaker 1: of the country. Different presidents will differ on what exactly 315 00:17:11,480 --> 00:17:15,040 Speaker 1: best advances the national interest, but Trump didn't even try 316 00:17:15,080 --> 00:17:18,280 Speaker 1: in this Ukraine phone call. He instead deployed the United 317 00:17:18,320 --> 00:17:22,080 Speaker 1: States diplomatic capital to advance a partisan political agenda. It 318 00:17:22,160 --> 00:17:24,760 Speaker 1: was always clear that Trump had would have to learn 319 00:17:24,760 --> 00:17:27,359 Speaker 1: on the job. The calls suggest there are some things 320 00:17:27,640 --> 00:17:30,320 Speaker 1: he isn't learning at all. I mean, that's a it's 321 00:17:30,320 --> 00:17:33,240 Speaker 1: a blistering critique and coming up, we're gonna check in more. 322 00:17:33,560 --> 00:17:36,919 Speaker 1: They go on to right, it's regrettable his actions, but 323 00:17:37,000 --> 00:17:39,960 Speaker 1: that's a long way from saying it should lead to impeachment. 324 00:17:40,000 --> 00:17:42,800 Speaker 1: I'm Kevin's really chief Washington correspondent for Bloomberg TV and 325 00:17:42,840 --> 00:17:46,520 Speaker 1: Bloomberg Radio. Download the sound on podcast on Apple iTunes, 326 00:17:46,800 --> 00:17:50,000 Speaker 1: at at Bloomberg dot com, or by downloading the Bloomberg 327 00:17:50,000 --> 00:17:52,680 Speaker 1: Business app. You can also find us on Radio dot com, 328 00:17:52,720 --> 00:18:00,880 Speaker 1: I Heart Radio and Spotify. You're listening to Bloomberg. You're 329 00:18:00,920 --> 00:18:04,119 Speaker 1: listening to Bloomberg. Sound on with Kevin Zi. Relate on 330 00:18:04,200 --> 00:18:08,200 Speaker 1: Bloomberg and one on five point seven of MHD two. 331 00:18:08,600 --> 00:18:11,480 Speaker 1: I'm Kevin Cirelli, chief Washington correspondent for Bloomberg Television and 332 00:18:11,520 --> 00:18:15,120 Speaker 1: Bloomberg Radio. Joining us on the telephone line. Congressman John 333 00:18:15,119 --> 00:18:20,520 Speaker 1: Gara Mendi. He is a Democrat representing California's third congressional district. Congressman, 334 00:18:20,880 --> 00:18:24,240 Speaker 1: thank you for joining us. Your reaction to the hearing 335 00:18:24,359 --> 00:18:28,560 Speaker 1: on Capitol Hill with the Acting Director of National Intelligence 336 00:18:28,720 --> 00:18:35,879 Speaker 1: Joe McGuire. Extremely important hearing and very illuminating in the 337 00:18:35,920 --> 00:18:41,960 Speaker 1: way in which the president try to prevent the information 338 00:18:42,040 --> 00:18:47,240 Speaker 1: from being released, the role of the Justice Department, the 339 00:18:47,280 --> 00:18:52,320 Speaker 1: way in which they were trying to claim presidential prerogatives 340 00:18:53,560 --> 00:18:56,640 Speaker 1: didn't happen. But the information is out there, and the 341 00:18:56,680 --> 00:19:01,480 Speaker 1: most importance is that it verify that the phistle bower 342 00:19:01,600 --> 00:19:06,800 Speaker 1: had a legitimate complaint UH and it was incredibly important, 343 00:19:06,840 --> 00:19:09,480 Speaker 1: and that the integrity of the American election was being 344 00:19:10,840 --> 00:19:16,000 Speaker 1: delta way together with the president's oath of office just 345 00:19:16,080 --> 00:19:19,520 Speaker 1: being ignored, all for political gain and certainly the security 346 00:19:19,600 --> 00:19:22,399 Speaker 1: not only the United States, but also the security of 347 00:19:22,400 --> 00:19:26,560 Speaker 1: of Ukraine. This issue that the President could get manufactured 348 00:19:26,600 --> 00:19:29,000 Speaker 1: dirt on one of his rivals, This this issue of 349 00:19:29,040 --> 00:19:30,879 Speaker 1: the Ukraine. Later this month, you were going to be 350 00:19:30,960 --> 00:19:34,639 Speaker 1: traveling to Ukraine to meet with the nation's leaders. What 351 00:19:34,720 --> 00:19:37,560 Speaker 1: are you going to be discussing as this a bipartisan group, 352 00:19:37,880 --> 00:19:40,520 Speaker 1: you know, Republicans congressmen are going to say, well, see 353 00:19:40,520 --> 00:19:44,800 Speaker 1: that the Democrats are going over there later this month. Well, 354 00:19:44,840 --> 00:19:48,040 Speaker 1: it is bi partisan. There are three Democrats and three 355 00:19:48,040 --> 00:19:54,320 Speaker 1: Republicans on the trip. It is a an official UH 356 00:19:54,440 --> 00:19:57,920 Speaker 1: mission by the House Farm Services Committee, the Readiness Subcommittee. 357 00:19:58,560 --> 00:20:03,200 Speaker 1: It was planned. The planning began in late May, and 358 00:20:03,400 --> 00:20:07,520 Speaker 1: in the intervening months a lot of things happened, including 359 00:20:07,760 --> 00:20:13,879 Speaker 1: a lot will be meeting Saturday with the Ukraine military 360 00:20:14,200 --> 00:20:19,480 Speaker 1: UH their training program in western um Ukraine, talking to 361 00:20:19,520 --> 00:20:22,840 Speaker 1: the American military that's they're assisting them in training and 362 00:20:23,480 --> 00:20:28,040 Speaker 1: preparing them, advising, and also looking at the equipment that 363 00:20:28,119 --> 00:20:31,639 Speaker 1: should be arriving, everything from artillery shows to UH to 364 00:20:31,840 --> 00:20:36,280 Speaker 1: the caliber machine guns, some of which may very well 365 00:20:36,320 --> 00:20:38,760 Speaker 1: have been held up for sixty days by the President 366 00:20:39,160 --> 00:20:46,960 Speaker 1: as he set about to leverage President Zelinsky Ukraine President 367 00:20:47,440 --> 00:20:51,760 Speaker 1: to dig up dirt on Joe Biden. Congressman John Congressman 368 00:20:51,800 --> 00:20:53,760 Speaker 1: John Jeremendy joins us on the line. Ahead of that, 369 00:20:53,840 --> 00:20:56,520 Speaker 1: my part isan trip that lawmakers are taking in the 370 00:20:56,600 --> 00:21:00,439 Speaker 1: coming days to Ukraine. Congressman, what is the time table 371 00:21:01,080 --> 00:21:06,119 Speaker 1: on impeachment and will it happen before the end of 372 00:21:06,160 --> 00:21:08,680 Speaker 1: the year? The calendar year? Is that what folks are 373 00:21:08,680 --> 00:21:14,240 Speaker 1: aiming for when you're when you're huddled with Speaker Pelosi, Well, 374 00:21:14,240 --> 00:21:16,359 Speaker 1: if you'd asked me a week ago, I'd probably say 375 00:21:16,400 --> 00:21:21,480 Speaker 1: March at the earliest. Things have developed very very rapidly, 376 00:21:21,560 --> 00:21:26,520 Speaker 1: the information from the whistleblower. Uh. And just yesterday when 377 00:21:26,520 --> 00:21:32,600 Speaker 1: the President released a note of his discussion with President 378 00:21:32,680 --> 00:21:39,960 Speaker 1: Zeliski of Ukraine, things just blew up. The evidence of malfeasance, 379 00:21:40,040 --> 00:21:45,760 Speaker 1: the evidence of corruption, the evidence of extortion, um, all 380 00:21:45,880 --> 00:21:48,399 Speaker 1: who are right there in the President's own words in 381 00:21:48,480 --> 00:21:52,520 Speaker 1: the conversation, and then the whistle blower adding substance to that. 382 00:21:54,240 --> 00:21:57,680 Speaker 1: I would expect that the committees will in the days 383 00:21:57,720 --> 00:22:05,320 Speaker 1: ahead undertake two interview the witnesses of the President's corruption 384 00:22:05,640 --> 00:22:10,000 Speaker 1: that the whistle blower has identified. As that comes together 385 00:22:10,119 --> 00:22:17,000 Speaker 1: and the whistle blowers accusations are corroborated by the witnesses 386 00:22:17,320 --> 00:22:22,680 Speaker 1: that the whistle blower has identified. Um, this could happen 387 00:22:22,760 --> 00:22:25,280 Speaker 1: much quicker. And maybe I don't know. I don't know 388 00:22:25,320 --> 00:22:27,400 Speaker 1: when the dates is going to be, but it's going 389 00:22:27,440 --> 00:22:30,320 Speaker 1: a whole lot faster than anybody anticipated. Well, buckle up, 390 00:22:30,359 --> 00:22:32,080 Speaker 1: You've been so generous with your time. I've got one 391 00:22:32,080 --> 00:22:35,680 Speaker 1: more policy based question for you. If you're in your 392 00:22:35,680 --> 00:22:37,520 Speaker 1: car and your way home from work, and you're and 393 00:22:37,560 --> 00:22:42,240 Speaker 1: you're trying to decipher what this means for policy as 394 00:22:42,240 --> 00:22:44,480 Speaker 1: it relates to the U. S m c A or 395 00:22:44,640 --> 00:22:49,320 Speaker 1: on drug pricing, how does this you know? The famous 396 00:22:49,320 --> 00:22:52,520 Speaker 1: cliche on Washington, forgive me, Congressman is we can walk 397 00:22:52,600 --> 00:22:54,480 Speaker 1: in chew gum at the same time. But can you 398 00:22:54,560 --> 00:22:58,000 Speaker 1: walk to gum and hold impeachment hearings at the same time. 399 00:23:01,400 --> 00:23:05,479 Speaker 1: The answers yes, Uh, the impeachment hearings will go forward. Uh. 400 00:23:06,320 --> 00:23:11,399 Speaker 1: And I'll tell you the House Farm Services and the 401 00:23:11,440 --> 00:23:15,239 Speaker 1: Senate On Forces Committee are all in the midst of 402 00:23:15,280 --> 00:23:20,919 Speaker 1: a very very important negotiation on the Annual National Defense Authorization, 403 00:23:20,960 --> 00:23:26,960 Speaker 1: actually provides all of the authority for the military simultaneously. 404 00:23:27,119 --> 00:23:32,119 Speaker 1: The appropriations that matches those authorities. Everything from purchasing airplanes 405 00:23:32,160 --> 00:23:36,440 Speaker 1: and guns and chips and and the money pay increases 406 00:23:36,520 --> 00:23:39,600 Speaker 1: and all of those. All of that is taking place 407 00:23:39,880 --> 00:23:43,040 Speaker 1: right now. I've had meetings today on it. I've got 408 00:23:43,040 --> 00:23:45,679 Speaker 1: another meeting before this. I'm on the I'm on the 409 00:23:45,720 --> 00:23:48,680 Speaker 1: Conference committee. So all of that is happening. That's just 410 00:23:48,840 --> 00:23:52,080 Speaker 1: one example. The appropriations committees are working also and trying 411 00:23:52,119 --> 00:23:54,520 Speaker 1: to figure out how to fund the government. We are 412 00:23:55,000 --> 00:23:59,760 Speaker 1: the Senate will hopefully as a continuing resolution which give 413 00:23:59,840 --> 00:24:02,359 Speaker 1: us about another five or six weeks to finish the 414 00:24:02,400 --> 00:24:05,400 Speaker 1: appropriation process. All of those things are going on. Government 415 00:24:05,440 --> 00:24:08,600 Speaker 1: has to operate, and yes, the answer is yes. Uh. 416 00:24:08,680 --> 00:24:14,399 Speaker 1: The other things they're the Committee Um Commerce Committee, I believe, 417 00:24:14,600 --> 00:24:18,080 Speaker 1: is holding a subcommittee hearing this week. I believe it's 418 00:24:18,080 --> 00:24:21,160 Speaker 1: either today or tomorrow. Was today or it will be tomorrow, 419 00:24:21,840 --> 00:24:27,800 Speaker 1: and then in early October. It's anticipated that the built 420 00:24:27,840 --> 00:24:31,240 Speaker 1: that the Democrats have introduced will move out of the 421 00:24:31,280 --> 00:24:34,920 Speaker 1: committee to the Foe before Thanksgiving. And we should know 422 00:24:35,000 --> 00:24:37,520 Speaker 1: that earlier. The answer to your question is absolutely and 423 00:24:37,600 --> 00:24:40,919 Speaker 1: earlier this week. Uh, there's a bipartisan banking bill that 424 00:24:40,960 --> 00:24:43,680 Speaker 1: passed that would allow banks to do business with marijuana 425 00:24:43,760 --> 00:24:47,000 Speaker 1: so you know things are getting done, the untold story 426 00:24:47,080 --> 00:24:49,720 Speaker 1: with our good friend of the program, Congressman John Garamendia, 427 00:24:49,800 --> 00:24:54,280 Speaker 1: regular Democrat from California. Very appreciative of your time, Congressman, 428 00:24:54,320 --> 00:24:57,560 Speaker 1: thank you. Coming up, Panel Reacts, I'm Kevin Cirelli. This 429 00:24:57,640 --> 00:25:07,720 Speaker 1: is Bloomberg. This is Bloomberg's Sound On with Kevin Surreley 430 00:25:08,080 --> 00:25:11,680 Speaker 1: on Bloomberg and one oh five point seven f M 431 00:25:11,840 --> 00:25:16,240 Speaker 1: h D two. I'm Kevin Serelli, folks, and it's Friday Eve, 432 00:25:16,359 --> 00:25:19,240 Speaker 1: Chief Ashton, correspondent for Bloomberg Television of Bloomberg Radio. I 433 00:25:19,280 --> 00:25:23,119 Speaker 1: was on Capitol Hill all day reporting on that dramatic, 434 00:25:23,520 --> 00:25:28,080 Speaker 1: fiery hearing that it's still in the political realm, still 435 00:25:28,119 --> 00:25:32,560 Speaker 1: in the political realm, that hearing the impeachment inquiry, as 436 00:25:32,640 --> 00:25:37,200 Speaker 1: the acting Director of National Intelligence Joe McGuire testifying before 437 00:25:37,240 --> 00:25:39,159 Speaker 1: the House Intel Committee that anyone over to the Senate 438 00:25:39,400 --> 00:25:42,919 Speaker 1: to meet with the Senate Intel Uh. There's there's so 439 00:25:42,960 --> 00:25:45,040 Speaker 1: many moving parts to this, and I'm so glad that 440 00:25:45,040 --> 00:25:47,440 Speaker 1: we have Amos snead here, executive vice president of at 441 00:25:47,480 --> 00:25:51,080 Speaker 1: faraoh A Street, a strategic comms firm headquartered in d C. 442 00:25:52,040 --> 00:25:55,200 Speaker 1: He also has worked on the Hill for several Republicans. 443 00:25:55,520 --> 00:25:58,760 Speaker 1: He also co founded famous DC dot Com, which I 444 00:25:58,800 --> 00:26:04,240 Speaker 1: didn't know but now I know. And Louis Moranda Returns, 445 00:26:04,280 --> 00:26:07,159 Speaker 1: a former d n C communications director. All Right, so 446 00:26:07,280 --> 00:26:08,920 Speaker 1: I've been trying to sort through this. I was talking 447 00:26:08,920 --> 00:26:12,080 Speaker 1: about it with my editors off air, on air, with 448 00:26:12,080 --> 00:26:15,920 Speaker 1: with our colleagues. And the bottom line for me as 449 00:26:15,960 --> 00:26:18,919 Speaker 1: I end today, based upon my reporting and everyone that 450 00:26:18,960 --> 00:26:22,760 Speaker 1: I've talked with, is that this story is still in 451 00:26:22,800 --> 00:26:28,200 Speaker 1: the political realm, given that Republicans in office have not 452 00:26:28,440 --> 00:26:33,240 Speaker 1: deserted the administration. UH. That obviously could change, but based 453 00:26:33,240 --> 00:26:36,119 Speaker 1: on all of the developments today, the House Republicans, the 454 00:26:36,160 --> 00:26:39,360 Speaker 1: House contingency is still backing President Trump. That you're still 455 00:26:39,359 --> 00:26:42,320 Speaker 1: at odds with Speaker Pelosi. You move over into the Senate, 456 00:26:42,520 --> 00:26:45,600 Speaker 1: where they would need, should impeachment happen, a two thirds 457 00:26:46,080 --> 00:26:49,640 Speaker 1: vote to convict uh. And that's twenty Republicans that would 458 00:26:49,680 --> 00:26:54,200 Speaker 1: have to join Democrats. UH and in the Republican controlled Senate. 459 00:26:54,240 --> 00:26:56,120 Speaker 1: And I just don't see off of all the statements 460 00:26:56,119 --> 00:26:58,399 Speaker 1: that are coming out, I see an uneasiness, but I 461 00:26:58,440 --> 00:27:01,000 Speaker 1: don't see the math. Amos. Would you agree with that 462 00:27:01,040 --> 00:27:05,359 Speaker 1: assessment on today? Yes? I would agree with that, I 463 00:27:05,400 --> 00:27:07,879 Speaker 1: think that's that's bound to change. And the more you 464 00:27:07,920 --> 00:27:09,560 Speaker 1: agree with that's where we are today, I agree that 465 00:27:09,560 --> 00:27:11,280 Speaker 1: that's where we are today. But I think that the 466 00:27:11,320 --> 00:27:13,560 Speaker 1: more that the Democrats are able to dig into this 467 00:27:13,600 --> 00:27:15,760 Speaker 1: through an impeachment inquiry, the more that you could potentially 468 00:27:15,800 --> 00:27:18,160 Speaker 1: see movement in the Senate. And I think the reason 469 00:27:18,200 --> 00:27:20,679 Speaker 1: that we haven't seen markets react is because there's almost 470 00:27:20,920 --> 00:27:23,640 Speaker 1: uh a now, a sense of normalcy around the chaos 471 00:27:23,640 --> 00:27:26,600 Speaker 1: and craziness of the White House. And as more emerges, 472 00:27:26,640 --> 00:27:30,119 Speaker 1: and if you start to see even one serious Republican moving, 473 00:27:30,119 --> 00:27:31,840 Speaker 1: it could really change. All right, Let's go into the 474 00:27:31,880 --> 00:27:34,399 Speaker 1: market reaction, and I want to divide this into two 475 00:27:34,440 --> 00:27:37,320 Speaker 1: different points to stay with me, because the markets don't 476 00:27:37,320 --> 00:27:39,560 Speaker 1: know how to react to this, and there's there's a 477 00:27:39,600 --> 00:27:43,879 Speaker 1: sense of they've priced in the political chaos of the 478 00:27:43,960 --> 00:27:47,439 Speaker 1: current Washington moment that we find ourselves in. But the 479 00:27:47,480 --> 00:27:50,480 Speaker 1: other there's another sense that they don't know, they don't 480 00:27:50,480 --> 00:27:53,840 Speaker 1: know which direction to go, you know. I mean, the 481 00:27:53,920 --> 00:27:57,080 Speaker 1: soybeans stocks are going to be impacted by this, given 482 00:27:57,119 --> 00:27:59,920 Speaker 1: the proximity to U s M c A. If impeachment 483 00:28:00,000 --> 00:28:03,600 Speaker 1: happens and the U s M c a path becomes 484 00:28:03,640 --> 00:28:07,520 Speaker 1: more narrow, bonds, the US dollar, all of that's impacted 485 00:28:07,920 --> 00:28:10,520 Speaker 1: by all of these headlines, and folks are trying to 486 00:28:10,560 --> 00:28:13,880 Speaker 1: sort through all of that. So the first point, Amos, 487 00:28:13,880 --> 00:28:16,000 Speaker 1: that I would make as it relates to the markets, 488 00:28:16,200 --> 00:28:22,000 Speaker 1: is that they're directly tied to the policy that could 489 00:28:22,040 --> 00:28:27,360 Speaker 1: get punted or delayed as a result of the headline 490 00:28:27,440 --> 00:28:30,879 Speaker 1: risk coming from impeachment. No man, I love that phrase. 491 00:28:30,920 --> 00:28:34,560 Speaker 1: They the market has priced in political chaos and politic 492 00:28:36,480 --> 00:28:39,280 Speaker 1: the Bloomberg terminal has it all. I think if you 493 00:28:39,280 --> 00:28:42,200 Speaker 1: look at this, I mean their attempt to impeach Trump, 494 00:28:42,560 --> 00:28:45,240 Speaker 1: we could see some policy changes to the market, um, 495 00:28:45,280 --> 00:28:50,160 Speaker 1: further intensifying trade wars, imposing more tariffs, um. But I 496 00:28:50,200 --> 00:28:52,840 Speaker 1: think you're right. This is a now a political reality 497 00:28:52,920 --> 00:28:56,840 Speaker 1: that has turned into a messaging opportunity for both Democrats 498 00:28:57,040 --> 00:28:59,800 Speaker 1: and Republicans. And if you look at this, and I 499 00:29:00,000 --> 00:29:02,760 Speaker 1: think it actually does Trump a favor because it unites 500 00:29:02,920 --> 00:29:05,160 Speaker 1: a foe against him, he now has something to unite 501 00:29:05,200 --> 00:29:07,640 Speaker 1: his base against, and that's impeachment. If you're looking at 502 00:29:07,640 --> 00:29:10,040 Speaker 1: this from the Democratic Party, I don't know who your 503 00:29:10,120 --> 00:29:12,000 Speaker 1: leader is right now. I don't know if you're listening 504 00:29:12,000 --> 00:29:14,959 Speaker 1: to the Pelosi wing of the party. That's that's that's 505 00:29:15,000 --> 00:29:16,880 Speaker 1: what I want to pick up on. So there's confusion 506 00:29:16,880 --> 00:29:21,320 Speaker 1: in terms of how the policy delays because of this 507 00:29:21,360 --> 00:29:25,040 Speaker 1: new Ukraine impeachment story will impact the market. So that 508 00:29:25,160 --> 00:29:27,400 Speaker 1: there's that element of it, But then there's this other element, 509 00:29:27,440 --> 00:29:29,640 Speaker 1: which is the fight for control of the Democratic Party. 510 00:29:29,840 --> 00:29:31,960 Speaker 1: If you look at the polling this week, it has 511 00:29:32,000 --> 00:29:35,120 Speaker 1: been a solid polling week. Louis Miranda, former d n 512 00:29:35,160 --> 00:29:40,240 Speaker 1: C Coms director for Senator Elizabeth Warren, Senator, as the 513 00:29:40,240 --> 00:29:44,520 Speaker 1: the Ukraine story thrusts the Biden campaign and Hunter Biden 514 00:29:44,960 --> 00:29:49,600 Speaker 1: into the spotlight, I mean it's still it's there for 515 00:29:49,640 --> 00:29:53,800 Speaker 1: Elizabeth Warren. Should she become the Democratic presidential nominee, she 516 00:29:53,960 --> 00:29:59,120 Speaker 1: would that is a very different mantle of economic agenda 517 00:29:59,720 --> 00:30:05,880 Speaker 1: and tariff agenda then Abiden nomination. Right. I think that 518 00:30:05,880 --> 00:30:08,200 Speaker 1: that's true. But I also think that and it's important 519 00:30:08,240 --> 00:30:09,920 Speaker 1: to take two tracks on this. One is to clarify 520 00:30:10,040 --> 00:30:12,840 Speaker 1: that and as Joe Biden has said repeatedly that every 521 00:30:12,840 --> 00:30:15,920 Speaker 1: major media organization has looked into the allegations against him 522 00:30:15,920 --> 00:30:18,600 Speaker 1: and I found nothing. Uh. Second, I think with Elizabeth Warren, 523 00:30:18,600 --> 00:30:21,960 Speaker 1: you're also seeing her begin to to moderate somewhat, to 524 00:30:22,080 --> 00:30:26,320 Speaker 1: at least begin engaging an outreach two more moderate parts 525 00:30:26,360 --> 00:30:28,920 Speaker 1: of the Democratic Party. Wall Street is never gonna I 526 00:30:28,920 --> 00:30:31,320 Speaker 1: don't think Elizabeth Warren once wal Street. She tweeted out 527 00:30:31,320 --> 00:30:33,320 Speaker 1: an article and it said I'm Elizabeth Warren and I 528 00:30:33,320 --> 00:30:36,560 Speaker 1: approved this message when it and it played a CNBC clip. 529 00:30:36,760 --> 00:30:38,600 Speaker 1: But she's definitely trying to broaden her base, and so 530 00:30:38,640 --> 00:30:40,800 Speaker 1: I think there's there's also that dynamic that will play out. 531 00:30:41,120 --> 00:30:42,760 Speaker 1: UM and the Democrats are gonna try to proceed on 532 00:30:42,800 --> 00:30:44,640 Speaker 1: multiple fronts. I mean, you saw today the Senate passed 533 00:30:44,640 --> 00:30:47,560 Speaker 1: to stop gap bill to keep the government from shutting down, 534 00:30:47,560 --> 00:30:51,200 Speaker 1: but it includes a measure that forces UM a reporting 535 00:30:51,320 --> 00:30:53,720 Speaker 1: on the impact of the president's trade war, which I 536 00:30:53,720 --> 00:30:56,720 Speaker 1: think will also become political fadder. Let's take a look 537 00:30:56,720 --> 00:30:58,840 Speaker 1: at that. So the president now has what two days 538 00:30:58,920 --> 00:31:02,400 Speaker 1: to sign this to avoid government shut down on I 539 00:31:02,400 --> 00:31:04,200 Speaker 1: don't know. I mean, we've seen some crazy things out 540 00:31:04,200 --> 00:31:05,760 Speaker 1: of this Trump white House. I mean, do you think 541 00:31:06,520 --> 00:31:08,280 Speaker 1: you do it just when he shut down the government 542 00:31:08,280 --> 00:31:10,920 Speaker 1: just to cover up his his his crisis here? Can 543 00:31:10,960 --> 00:31:13,200 Speaker 1: I stick with the markets though for a second, come 544 00:31:13,240 --> 00:31:16,640 Speaker 1: back to this point about who carries the democratic mantle 545 00:31:17,480 --> 00:31:20,800 Speaker 1: of a nomination because that that there's that is so 546 00:31:20,840 --> 00:31:25,479 Speaker 1: many implications. So much of the trade discussion has been 547 00:31:25,520 --> 00:31:29,080 Speaker 1: whether or not she Jan Pain can outlast the Trump administration. 548 00:31:29,320 --> 00:31:32,760 Speaker 1: If Senator Elizabeth Morren becomes the nominee or becomes president, 549 00:31:33,000 --> 00:31:35,680 Speaker 1: tariffs are still on the table. If Bernie Sanders tariffs 550 00:31:35,680 --> 00:31:37,920 Speaker 1: are still on the table. And that again, I just 551 00:31:38,000 --> 00:31:42,160 Speaker 1: I think that there is so much sorting through that 552 00:31:42,360 --> 00:31:45,000 Speaker 1: is that is really a reaction to this, And I 553 00:31:45,040 --> 00:31:46,920 Speaker 1: want to follow up on one thing you said, Louis, 554 00:31:46,960 --> 00:31:54,080 Speaker 1: because look, can Democratic voters be critical and support impeachment 555 00:31:54,280 --> 00:31:59,120 Speaker 1: of the Trump administration but also feel that Hunter Biden 556 00:31:59,840 --> 00:32:03,760 Speaker 1: is illustration of chrony ism, not of the illegality of 557 00:32:03,840 --> 00:32:08,560 Speaker 1: chrony ism. Can can can a Democratic voter be in 558 00:32:08,640 --> 00:32:11,880 Speaker 1: that camp? Well, it's yet to be seen. I mean, 559 00:32:11,920 --> 00:32:14,480 Speaker 1: there's nothing that has come out that suggests that there 560 00:32:14,520 --> 00:32:17,000 Speaker 1: was any wrongdoing on the Biden side, And so there's 561 00:32:17,000 --> 00:32:20,160 Speaker 1: the difference between chrony ism and we know there's clearly 562 00:32:20,200 --> 00:32:25,200 Speaker 1: I mean like there's a difference between wrongdoing and crony ism. Uh, well, 563 00:32:25,720 --> 00:32:28,320 Speaker 1: that depends. I mean, I think that one of the 564 00:32:28,360 --> 00:32:30,520 Speaker 1: things that we've tried to do in the United States 565 00:32:30,560 --> 00:32:34,520 Speaker 1: is to prevent um chrony is m from defining our government, 566 00:32:34,520 --> 00:32:36,640 Speaker 1: which is why it's so odd that Jared Kushner and 567 00:32:36,640 --> 00:32:40,320 Speaker 1: Ivanka Trump play such genior roles in the White House. Um. 568 00:32:40,400 --> 00:32:42,480 Speaker 1: But I just haven't seen anything incredible on the Biden 569 00:32:42,520 --> 00:32:46,200 Speaker 1: side that would create any issues, as you know, just 570 00:32:46,320 --> 00:32:48,920 Speaker 1: the way you look at this, and if you look 571 00:32:48,960 --> 00:32:51,360 Speaker 1: at what the markets did today, I think you're right. 572 00:32:51,400 --> 00:32:53,920 Speaker 1: I think I think there's still let's price it in, 573 00:32:54,000 --> 00:32:56,120 Speaker 1: But I don't see any spiker. I don't see any 574 00:32:56,160 --> 00:32:58,840 Speaker 1: negative reaction just based on this. I think the market 575 00:32:58,880 --> 00:33:01,520 Speaker 1: is looking at this right now as it stands. Impeachment 576 00:33:01,600 --> 00:33:04,120 Speaker 1: is nothing more than political theater, and it's going to 577 00:33:04,200 --> 00:33:06,360 Speaker 1: turn into a messaging opportunity for both sides. But is 578 00:33:06,400 --> 00:33:10,880 Speaker 1: this is this Is this a liability for the Biden campaign? Oh? Absolutely. 579 00:33:11,280 --> 00:33:13,800 Speaker 1: I mean the more that you're talking about Joe Biden 580 00:33:13,840 --> 00:33:16,200 Speaker 1: and his son and lobby, I do believe this becomes 581 00:33:16,240 --> 00:33:17,760 Speaker 1: a liebel And I think if this is seen as 582 00:33:17,800 --> 00:33:21,360 Speaker 1: a political attack by President Trump fearing Joe Biden the 583 00:33:21,400 --> 00:33:23,440 Speaker 1: most because he feels that Joe Biden is the one 584 00:33:23,480 --> 00:33:24,920 Speaker 1: who can defeat him, then it can also be a 585 00:33:24,960 --> 00:33:27,760 Speaker 1: boost that that's why the polls I mean, look, I mean, 586 00:33:27,840 --> 00:33:29,200 Speaker 1: and we're we're right in the middle of it, so 587 00:33:29,240 --> 00:33:30,920 Speaker 1: no one's been able to pull on this. I I 588 00:33:30,960 --> 00:33:33,320 Speaker 1: can't wait to see these polls about whether or not 589 00:33:33,400 --> 00:33:38,120 Speaker 1: Americans in Michigan, Wisconsin, Pennsylvania, Ohio, Florida support impeachment. I 590 00:33:38,160 --> 00:33:40,160 Speaker 1: can't wait to see how they're pulled on the Biden 591 00:33:40,200 --> 00:33:42,840 Speaker 1: and the impact that this has because we just don't know, 592 00:33:43,120 --> 00:33:45,240 Speaker 1: and it's it's so fluid right now. All right, let's 593 00:33:45,240 --> 00:33:49,280 Speaker 1: do very quickly. Uh, impeachment by the end of the year. 594 00:33:49,400 --> 00:33:53,920 Speaker 1: Yes or no? And you say no, you say no, Okay, 595 00:33:54,080 --> 00:33:55,920 Speaker 1: I say I. It doesn't matter what I say. I'm 596 00:33:55,920 --> 00:33:58,000 Speaker 1: just a reporter. I want to end on an upbeat 597 00:33:58,080 --> 00:34:03,120 Speaker 1: note because our friends over It's CBS are interviewing Mohammed 598 00:34:03,120 --> 00:34:06,040 Speaker 1: bin Salman of Saudi Arabia on sixty minutes this Sunday. 599 00:34:06,440 --> 00:34:09,440 Speaker 1: I cannot wait to watch that. Uh, and this is interesting. 600 00:34:09,480 --> 00:34:12,880 Speaker 1: Saudi Arabia will drop its strict dress code for foreign 601 00:34:12,960 --> 00:34:15,280 Speaker 1: women as it seeks for the first time to lure 602 00:34:15,360 --> 00:34:18,800 Speaker 1: holidaymakers and the spending that could help develop the kingdom's 603 00:34:18,840 --> 00:34:23,040 Speaker 1: economy away from its reliance on oil. Foreign women will 604 00:34:23,080 --> 00:34:26,080 Speaker 1: not have to wear a biaf, the flowing cloak that's 605 00:34:26,120 --> 00:34:29,680 Speaker 1: been mandatory attire for decades, though they will be instructed 606 00:34:29,719 --> 00:34:33,160 Speaker 1: to wear modest clothing whenever that means according to the 607 00:34:33,239 --> 00:34:37,880 Speaker 1: Kingdom of Saudi Arabia. My thanks to Amos Snead, executive 608 00:34:37,960 --> 00:34:41,960 Speaker 1: vice president of That Pharaoh Strategic Communications firm headquartered in Washington, 609 00:34:42,040 --> 00:34:44,799 Speaker 1: d C. He's the co author of Climbing the Hill, 610 00:34:44,880 --> 00:34:47,240 Speaker 1: How to build a career in politics and make a Difference. 611 00:34:47,360 --> 00:34:49,720 Speaker 1: He wrote that with Jamie Harris, and he's currently running 612 00:34:49,719 --> 00:34:53,279 Speaker 1: as a Democrat for the Senate in South Carolina. Good Read, 613 00:34:53,320 --> 00:34:56,080 Speaker 1: Pick it up. He also co founded Famous DC dot 614 00:34:56,160 --> 00:34:59,120 Speaker 1: com and events and media company, and worked on Capitol 615 00:34:59,200 --> 00:35:02,880 Speaker 1: Hill for the then House Republican with Roy Blunt, a Republican, 616 00:35:03,160 --> 00:35:06,680 Speaker 1: and Louis Miranda, former d n C communications director and 617 00:35:06,800 --> 00:35:09,440 Speaker 1: a consultant here in town. Thank you both, Amus, this 618 00:35:09,480 --> 00:35:11,279 Speaker 1: is your first time. Would you come back? I'll be 619 00:35:11,320 --> 00:35:14,560 Speaker 1: back all right? Famous. Let me just mention jamaca showy 620 00:35:14,560 --> 00:35:16,799 Speaker 1: since he ended on MBS just because it's too bad 621 00:35:16,800 --> 00:35:20,760 Speaker 1: Trump didn't interesting singer from Louis Miranda. I'm Kevin Cirelli, 622 00:35:20,800 --> 00:35:23,520 Speaker 1: Chief Washington correspondent F. Boomber TV and radio, and you're 623 00:35:23,520 --> 00:35:24,400 Speaker 1: listening to Bloomberg