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Speaker 2: I'm Kaylee alongside Joe here in Washington, and of course
Speaker 2: right in between those two cities on the eastern seaboard
Speaker 2: ands where you find Philadelphia, of course, in the critical
Speaker 2: swing state in this election, Pennsylvania, and also the location
Speaker 2: of this first and potentially only debate we will see
Speaker 2: between the two presidential candidates, Donald Trump and Kamala Harris, who,
Speaker 2: of course right now are in their final preparations before
Speaker 2: they get ready to take that stage at nine pm
Speaker 2: Eastern time.
Speaker 3: Now the m Trak corridor are looming large tonight. I
Speaker 3: guess Donald Trump making his way up from Florida. I
Speaker 3: believe Kamala Harris from Pittsburgh where she's been for the
Speaker 3: last I guess half week or so, prepared two very
Speaker 3: different preparation styles, as we saw in the first debate here,
Speaker 3: so a lot of questions about style over substance and
Speaker 3: who brings what. Of course, you know it's a big
Speaker 3: deal when David Goura is on the site and our
Speaker 3: asset has made his way to Philadelphia. In fact, he's
Speaker 3: in the spin room right now where things start pretty early.
Speaker 3: They're David, it's great to see you. We know that
Speaker 3: Republicans and Democrats will be using that room you're standing
Speaker 3: in to try to spin everything that is said, walk
Speaker 3: things back, try to reinforce points later on. Of course,
Speaker 3: all of that follows the debate that starts at nine o'clock.
Speaker 4: Give us the lay of the land.
Speaker 5: Yeah, so we're in the media filing center. The spin
Speaker 5: room is just over my shoulder, and I think it's
Speaker 5: a more traditional media filing center and spin room than
Speaker 5: we had at the last debate that of course took
Speaker 5: place in the basketball arena for Georgia Tech, so a
Speaker 5: very different feel, very different atmosphere. And then, of course
Speaker 5: the way that debate unfolded led to a very strange
Speaker 5: half hour or so after that debate when Surgates came
Speaker 5: out to talk to reporters after it concluded. This is
Speaker 5: like that last debate stands to be incredibly important. I
Speaker 5: think both candidates recognize that you mentioned the means by
Speaker 5: which they've been preparing for this. We know that Kamala
Speaker 5: Harris has been in Pittsburgh, hold up in that omni hotel,
Speaker 5: going through a lot of policy preparation, doing the kind
Speaker 5: of mock debates that we've seen historically candidates do. Felipe Rhinis,
Speaker 5: the Democratic consultant and strategist who played the role of
Speaker 5: Trump for Hillary Clinton when she ran in twenty sixteen,
Speaker 5: playing that role in those mock debates out in Pittsburgh.
Speaker 5: Donald Trump choosing to do what he did last time,
Speaker 5: hold a lot of events, hold a lot of big rallies,
Speaker 5: and talk about policy with his advisors. We'll see sort
Speaker 5: of how that preparation comes to bear in the debate
Speaker 5: that takes place here tonight. I should say not where
Speaker 5: I'm standing, not in the convention center, but a few
Speaker 5: blocks away. So again kind of strange similarity to Georgia,
Speaker 5: where we won't be in the actual room. There won't
Speaker 5: be an audience in the room for the debate itself.
Speaker 5: It'll be the two candidates on stage, each of a
Speaker 5: different podium, and those two moderators, David muer and Lindsay
Speaker 5: Davis of ABC News, asking the questions and hopefully keeping
Speaker 5: the trains running on time.
Speaker 2: Well, and it's not just the lack of a live
Speaker 2: audience that makes this more unique compared to president debates
Speaker 2: we've seen in the past, David, it's also muted microphones
Speaker 2: when it is not the candidates turned to speak. We
Speaker 2: saw this tested first on the CNN debate between Trump
Speaker 2: and Biden back in June. How is that going to
Speaker 2: be consequential in determinating how these determining how these candidates
Speaker 2: conduct themselves. Knowing Kamala Harris was pushing back heavily against
Speaker 2: these rules up until just a few days.
Speaker 5: Ago, Yeah, it was a source of disagreement, as you say,
Speaker 5: for many weeks. And I think what Vice President Harris
Speaker 5: wanted to capture was a moment like she had when
Speaker 5: she was up against Mike Pence. He interrupting her trying
Speaker 5: to talk and she's saying quite emphatically, I'm speaking, And
Speaker 5: that was a moment that went viral and sort of
Speaker 5: bolsted her campaign. People really who supported her really thought
Speaker 5: that was a signal moment in her campaign. You're not
Speaker 5: going to get that this time around.
Speaker 6: Again.
Speaker 5: It's the same rules that we saw in Georgia, and
Speaker 5: I think what's interesting is what the commentary was like
Speaker 5: going into that debate in Atlanta. A lot of people
Speaker 5: thought that would be a detriment to Donald Trump. But again,
Speaker 5: the circumstances of that debate were so strange and unpredictably so,
Speaker 5: and it was actually Donald Trump in that debate. Who
Speaker 5: is dare I say, more muted or not somebody who
Speaker 5: was interjecting a lot over the course of that debate.
Speaker 5: Of course, he could do that tonight. The vice president
Speaker 5: could do that as well. Even if we don't hear
Speaker 5: what the other candidate has to say, he or she
Speaker 5: could say something that razes or kind of needles the
Speaker 5: other candidate, and that could manifest itself, at least in
Speaker 5: how they react to it on the stage.
Speaker 2: All right, Bloomberg correspondent David Gera live in Philadelphia, will
Speaker 2: of course be checking in with David all evening and
Speaker 2: through the night here on Bloomberg TV in radio, as
Speaker 2: we have many hours of coverage of this presidential debate
Speaker 2: prepared for you and of course with us for the duration.
Speaker 2: Is our signature political panel. Who is here with us now,
Speaker 2: Genie Shanzina of the Center for the Study of the
Speaker 2: Presidency in Congress, where she is a senior Democracy Fellow
Speaker 2: together with Rick Davis Stone Court Capital Partner as well
Speaker 2: Republican and Democratic strategist respectively. Genie, I'll start with you.
Speaker 2: Just because it is Kamala Harris, the Vice president who
Speaker 2: does seem to be coming into the debate with more
Speaker 2: momentum than Donald Trump has at this time, does that
Speaker 2: make the bar even higher for her? She actually the
Speaker 2: one who has the most to lose tonight.
Speaker 7: I think that the bar is higher for her because,
Speaker 7: let's face it, more people are unfamiliar with Kamala Harris.
Speaker 7: I mean, it's stunning because she's been vice president for
Speaker 7: four years. But that said a lot of us as Americans,
Speaker 7: excluding you guys, you've watched politics all the time, you
Speaker 7: don't have as much attention paid to the vice president normally,
Speaker 7: so she's less of a known figure. Donald Trump, this
Speaker 7: is his third run at the White House, he has
Speaker 7: been president. People know him. Even looking at the latest
Speaker 7: New York Times poll, you had almost three out of
Speaker 7: ten people say or respondents say that they wanted to
Speaker 7: learn more about Kamala Harris, and only nine out of
Speaker 7: ten say, or nine out of one hundred saying they
Speaker 7: wanted to know more about Donald Trump. So the stakes
Speaker 7: are higher for her in that regard. And of course
Speaker 7: he's much more practiced at this, having done this so
Speaker 7: many times at this level. So I do think the
Speaker 7: bar is a bit higher for her. And of course,
Speaker 7: let's not forget the gender factor. For a woman to
Speaker 7: face Donald Trump, we have seen it before. It is
Speaker 7: a challenge that she is I'm sure ready for. I
Speaker 7: think she's going to do a very good job. But
Speaker 7: it does change the dynamics, and we've seen this throughout
Speaker 7: the last twenty thirty years in American politics when men
Speaker 7: and women face off on the debate stage.
Speaker 3: Well, you do wonder which Donald Trump is going to
Speaker 3: show up tonight? Maybe they all will.
Speaker 4: Rick.
Speaker 3: Is this going to be Comrade Kamala Donald Trump, someone
Speaker 3: who questions her racial identity for instance, some of the
Speaker 3: things that we've heard from him that have offended voters,
Speaker 3: Or is it going to be look at what I
Speaker 3: did for the economy, look at the wall on the
Speaker 3: southern border, or do we get both?
Speaker 6: Well, you know, Donald Trump is good at a debate
Speaker 6: technique called Gish gallup, which is regardless of what the
Speaker 6: question is, he throws out five or six different attacks
Speaker 6: all at the same time and tries to basically get
Speaker 6: his opponent to buy into that. And of course Joe
Speaker 6: Biden did exactly that in the first debate this year.
Speaker 6: He started responding as much as he could with data to,
Speaker 6: you know, refute all these outlandish claims that Donald Trump
Speaker 6: would just throw out there. And we don't know if
Speaker 6: Donald Trump even believes these claims himself. But when you
Speaker 6: start actually defending or responding to outlandish claims, you've immediately
Speaker 6: lost the debate. And so I think that that's what
Speaker 6: we can expect to see out of Donald Trump. It's
Speaker 6: a it's a well honed technique that debaters use, and
Speaker 6: nobody really knows whether he actually thinks he's doing Gish
Speaker 6: gallop or whether he just does it because he's Donald Trump.
Speaker 4: But the other thing I'd look.
Speaker 6: At is Lindsay Davis, who's one of the moderators. You know,
Speaker 6: she has a unique standing in this sort of debate
Speaker 6: with Donald Trump in that he hasn't handled female questioners
Speaker 6: very well in the past too, and so I'm dying
Speaker 6: to see what kind of dynamic gets gets presented with
Speaker 6: Lindsay's moderating.
Speaker 2: Well, yeah, if we see repeats of pasta uction cycles
Speaker 2: like what we saw with Megan Kelly, for example, Rick
Speaker 2: to go back to the kind of gish gallop thing
Speaker 2: you're talking about here, the idea that he does seem
Speaker 2: to just throw things out there, and in fact, many times,
Speaker 2: if he's talking about statistics in the border, for example,
Speaker 2: he'll say, no, one knows what the number is. I
Speaker 2: think it's twenty million. Makes it pretty clear that he's
Speaker 2: not actually talking based in fact. Knowing he has that
Speaker 2: proclivity to, if not outright lie frequently at least misrepresent facts.
Speaker 2: Is that something Kamala Harris needs to be prepared to
Speaker 2: actually fact check if the moderators don't do so, or
Speaker 2: to your point, do you just need to let it
Speaker 2: slide and make your own points.
Speaker 6: Well, we know the moderators aren't going to fact check, right,
Speaker 6: I mean, that has become the standard with Donald Trump,
Speaker 6: and when they've tried it in the past, it hasn't
Speaker 6: gone well, So my guess is they're not in that business,
Speaker 6: and they'll say so. The reality is when you try
Speaker 6: to then fact check all these outlined dish claims, you
Speaker 6: then lose all the initiative that you're trying to promote
Speaker 6: on what you're talking about. So you're just responding to
Speaker 6: the negative, to the to the attacks by Donald Trump.
Speaker 6: So that too isn't necessarily a good debate tactic to
Speaker 6: just sort of take his lead, especially when you can't
Speaker 6: rely on any of the data that he has. And
Speaker 6: so I think that's something that that that people are onto. Certainly,
Speaker 6: if you look at the tape from the Biden debate,
Speaker 6: you'll realize that he fell into that trap and he
Speaker 6: was having other problems late to dage, but like he
Speaker 6: was definitely trying to refute and be the fact checker
Speaker 6: and it just wasn't working. There's no you know, no
Speaker 6: wall too high to get over on that one for
Speaker 6: Donald Trump. So my guess is she stays away from
Speaker 6: it and uses this opportunity to communicate, you know, her
Speaker 6: capabilities to the to the few voters who are still
Speaker 6: searching around for an alternative to Donald Trump.
Speaker 3: I've seen some pretty serious pregaming from both campaigns. Donald
Speaker 3: Trump today rolling out new and Horseman's from forty seven prosecutors.
Speaker 3: He will, of course talk about her role as a
Speaker 3: prosecutor in California.
Speaker 4: She's out with a new.
Speaker 3: Ad following the one yesterday we talked about, called the
Speaker 3: Best People. There's one now featuring Barack Obama's speech at
Speaker 3: the convention, in which she talked about Donald Trump's obsession
Speaker 3: with crowd size and the sizes of other things. Is
Speaker 3: this just par for the course, now, Genie, or is
Speaker 3: the object tonight really to get under the skin of
Speaker 3: your opponent?
Speaker 7: You know, I think she should try, and I know
Speaker 7: Donald Trump will try to get under her skin, to
Speaker 7: get under his skin. And I keep saying this. I
Speaker 7: have her spend the day watching a few good men.
Speaker 7: She's a prosecutor. She should be Tom Cruise in that
Speaker 7: courtroom against Jack Nicholson. And you can't handle the truth
Speaker 7: and let him go because the more she gets him
Speaker 7: to say things about the twenty twenty election being stolen,
Speaker 7: the twenty sixteen election, his crowd sizes, it reminds people
Speaker 7: of what this will be like again, which is what
Speaker 7: they want to do if Donald Trump wins. This is
Speaker 7: what you're in for. So I think she should be
Speaker 7: goading him. We know she's a prosecutor. I have to
Speaker 7: say I think it was smart that Trump put out
Speaker 7: about the prosecutors so that the Trump team did because
Speaker 7: she is a prosecutor and she's well known for having
Speaker 7: made her case in the Senate as the Attorney General
Speaker 7: of California. So I am getting my popcorn ready to
Speaker 7: sit with you guys to watch this. I think it's
Speaker 7: gonna be great. I think it should be, you know,
Speaker 7: a holiday in the United States debate day, but it's not.
Speaker 7: But I think it's going to be fascinating to see
Speaker 7: how both of them prosecute these cases.
Speaker 2: Well, and of course prosecuting it over the airwaves in
Speaker 2: advertisements as well. As you allude to, Joe, that's something
Speaker 2: that costs money, and the money advantage is something that
Speaker 2: Kamala Harris does have at the moment, Rick, how much
Speaker 2: of tonight is not just about reaching voters but about
Speaker 2: reaching donors At this point in the race, do those
Speaker 2: incremental donations, if they can convince more people to pony
Speaker 2: up the money, does it matter?
Speaker 6: I think, as you point out, it's incremental, you don't
Speaker 6: really need it at this point. Both campaigns have enough
Speaker 6: to close. Kamala Harris has already made or media biz
Speaker 6: in most of these states for the balance of the election,
Speaker 6: and the reality is that money is not going to
Speaker 6: decide the outcome. So there'll be some money come in
Speaker 6: because partisans will see their candidates full view tonight, over
Speaker 6: twenty or over fifty million people probably watching, like the
Speaker 6: first debate, and there'll be some momentum there. But unless
Speaker 6: there's a knockout blow, I don't think you can expect
Speaker 6: a big surgeent donations. And the reality is it has
Speaker 6: a marginal impact. This kind of TV time, face to
Speaker 6: face that's got impact, And I think this could be
Speaker 6: decisive for the outcome of the election because I can't
Speaker 6: see anything else happening between now an election day that's
Speaker 6: going to get this much attention.
Speaker 3: Well, you know, Donald Trump, Genie has one very powerful
Speaker 3: question that he can ask Harris tonight about every issue
Speaker 3: that she talks about solving, Why didn't you do anything
Speaker 3: about it for the last three and a half years
Speaker 3: you were in the White House.
Speaker 4: How does she answer that?
Speaker 7: Well, can't she ask him the same question? Why didn't
Speaker 7: you address these things when you were in the White Say?
Speaker 4: Things were perfect when I was By the way.
Speaker 7: Why did we take over with the economy the way
Speaker 7: it was? You know, why did why it was immigration
Speaker 7: the way it was? So I think she can respond
Speaker 7: to that. You're absolutely right, he is going to be
Speaker 7: asking that. It is smart on his part because he
Speaker 7: wants to tie her to a very or a relatively
Speaker 7: unpopular Biden presidency. And I do think she has to
Speaker 7: distinguish herself on that point. She's got to be new,
Speaker 7: shiny objects change candidate and let him be a return
Speaker 7: to the past. So I think she's going to be
Speaker 7: prepared to answer those But that's absolutely I think Joe
Speaker 7: he's listening. He's going to ask those very questions all night.
Speaker 3: I know they're both listening right now. Rick, I'd love
Speaker 3: we only have a minute left. Rick, how would you
Speaker 3: counsel the candidate to answer that question?
Speaker 6: Yeah, Look, I think she just ignores him. The reality
Speaker 6: is again, engaging him and his attacks has never really
Speaker 6: worked for anybody who's opposed him. And I think she's
Speaker 6: just got to stay on her message and talk about
Speaker 6: the future and just keep saying, if you want to
Speaker 6: go back, that's a direction I'm not headed and I'm
Speaker 6: headed forward. This has been the theme of her entire convention.
Speaker 6: I think it can reflect well on her, and by
Speaker 6: the way, the message isn't just we're not going back
Speaker 6: to you, Donald Trump. We're not going back to my
Speaker 6: president Joe Biden either, and so it works both ways,
Speaker 6: and I think that's a safe harbor for her.
Speaker 4: All Right, you guys, get some rest.
Speaker 3: We're going to be back here on the later edition
Speaker 3: of Balance of Power that's at five pm Eastern and
Speaker 3: our special coverage, Kayleie, that's at.
Speaker 4: Eight pm Eastern time. Did you eat your waties?
Speaker 6: Oh?
Speaker 2: Yeah, okay, extra caffeination on a day, caffeine hydrate.
Speaker 4: Repeat, that's good.
Speaker 8: On debated.
Speaker 2: This is Bloomberg TV and Radio.
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Speaker 3: In Washington, where we're counting down to the big debate
Speaker 3: nine o'clock tonight. It is our focus today here on
Speaker 3: Balance of Powers. We try to bring you a range
Speaker 3: of voices to get a sense of what to watch
Speaker 3: and what to expect.
Speaker 4: Kaylie.
Speaker 3: This is going to be arguably the most important day
Speaker 3: on the campaign.
Speaker 4: Trail between now in November for good reason.
Speaker 2: Well, absolutely, it may be the only time we see
Speaker 2: these two share a stage. It comes at a time
Speaker 2: when poll after poll suggests that this is an incredibly
Speaker 2: close YEP race. There is no clear leader right now
Speaker 2: nationally or in the swing states that will decide the
Speaker 2: balance of the electoral college. And what that means is
Speaker 2: that they're not only trying to convince their bases of
Speaker 2: voters tonight that they can trust them, that they should
Speaker 2: turn out for them, but especially that they're trying to
Speaker 2: focus on those people who may yet be undecided or
Speaker 2: are just trying to decide whether or not they're going
Speaker 2: to bother showing up at all on November.
Speaker 3: Fifth, all the while trying to needle their opponent. As yes,
Speaker 3: we hear, they are both trying to get under the
Speaker 3: other's skin tonight. There's been a lot of pregaming and
Speaker 3: trolling going on, So there are quite a few jobs
Speaker 3: they're both trying to do at once here in a
Speaker 3: bit of three D chess.
Speaker 2: Yes, indeed, so as we look at the board, the
Speaker 2: chessboard that is, we want to bring back now to
Speaker 2: balance of power. Professor Jen Jackson, who is joining us
Speaker 2: from Syracuse University, where she is Assistant professor of Political Science.
Speaker 2: Always great to have you here, Jen, if we could
Speaker 2: just actually begin with a conversation we were just having
Speaker 2: a few moments ago. We spoke with the Israeli Minister
Speaker 2: of the Economy, who, no surprise, spoke quite forcefully about
Speaker 2: what his government is trying to accomplish as it fights
Speaker 2: its ongoing war against Tamas in Gaza. He didn't really
Speaker 2: seem to want to weigh in on what he's looking
Speaker 2: for in the debate tonight from either of these candidates.
Speaker 2: What are undecided voters, specifically the ones that you've spent
Speaker 2: a lot of time talking to, young black voters or
Speaker 2: voters of color, more progressives who may feel passionately about
Speaker 2: this Israel issue. What are they looking to hear?
Speaker 8: You know, I think a lot of young people have
Speaker 8: been waiting to hear the same things, probably for the
Speaker 8: past few years, as they have been the past few weeks,
Speaker 8: which is a really clear stance on what lies ahead
Speaker 8: for the folks who are most vulnerable in the United States.
Speaker 8: I'm thinking right now about LGBTQIA plus Americans and those
Speaker 8: folks who have been working really hard on the past
Speaker 8: few years to recover from the COVID nineteen crisis. So
Speaker 8: while Gaza and the ongoing conflict that's happening with Israel
Speaker 8: and the Gozen on the Gozen Peninsula, there's also some
Speaker 8: questions here about what it means for those Americans who
Speaker 8: have been asking and asking and asking for answers also
Speaker 8: back home domestically.
Speaker 3: You wonder to what extent geopolitics will factor into this
Speaker 3: debate at all, Jen, and you can speak to that.
Speaker 3: The moderators have a lot of places they could go
Speaker 3: here with so many questions about policy proposals, more of
Speaker 3: them I think aimed at Kamala Harris than Donald Trump,
Speaker 3: and I wonder your thought on that. I think it's
Speaker 3: been established that the bar is higher for the Vice president.
Speaker 3: She's less known than Donald Trump and has not put
Speaker 3: forth details on some of her ideas.
Speaker 4: What do you think, you know?
Speaker 8: I think it's they have different issues that they're facing tonight, right,
Speaker 8: So what we know is that there's a lot of
Speaker 8: concern about Project twenty twenty five and the fact that
Speaker 8: in the first ten pages there are overt attacks against
Speaker 8: marginalized Americans, namely, you know, black and brown Americans, immigrant
Speaker 8: folks and also LGBTQIA and disabled folks. So a lot
Speaker 8: of folks who are typically associated with the Democratic Party
Speaker 8: are really paying attention tonight to hear more about how
Speaker 8: this Project twenty twenty five might actually affect their lives.
Speaker 8: Where VP Harris has the opportunity is to actually give
Speaker 8: us some sort of policy that will actually speak against
Speaker 8: this kind of retraction of protections, this retraction of rights
Speaker 8: that is very clearly a part of not only Project
Speaker 8: twenty twenty five, but some of Trump's previous administration. His
Speaker 8: previous Agenda forty seven is almost mirrored identically in Project
Speaker 8: twenty twenty five, and this was the agenda that was
Speaker 8: seeking to make binary gender it kind of federal statute
Speaker 8: to think about ways to retract support for policies that
Speaker 8: offer gender affirming care, and also to sue practitioners and
Speaker 8: even identify folks like librarians and teachers as sex offenders.
Speaker 8: So there's an opportunity for VP Harris to set herself
Speaker 8: apart and explain how show create a more progressive vision
Speaker 8: for folks who are most afraid of what the outcomes
Speaker 8: might be in a selection. But for the Trump camp,
Speaker 8: they've got to help people understand why we should take
Speaker 8: them seriously at all. And I would say at this
Speaker 8: point maybe we shouldn't.
Speaker 2: Well, okay, professor. As we consider whether or not Kamala
Speaker 2: Harris will be outlining more progressive ideas, she may be
Speaker 2: haunted a bit by her primary campaign of twenty nineteen,
Speaker 2: in which a lot of these attacks that she's been
Speaker 2: fielding from her opponents emanate from her stance on fracking,
Speaker 2: for example, healthcaren and other matters. Is it wise for
Speaker 2: her to try to hold the center tonight or does
Speaker 2: she need to be pulled to the left a little
Speaker 2: bit if she wants to turn out the voters who
Speaker 2: will actually amount to them that could make her president.
Speaker 8: You know, I think that she's been working really hard
Speaker 8: for the past few weeks to get those moderate voters
Speaker 8: on her side, and I think she's going to have
Speaker 8: to have a balanced kind of approach tonight. There are
Speaker 8: people who are listening who actually I think that typically
Speaker 8: folks see is kind of in the pocket of the Democrats,
Speaker 8: those people who are more on the radical left or
Speaker 8: the more leftist politics leave that those folks will automatically
Speaker 8: show up to vote because they they're hoping that those
Speaker 8: young people, those marginalized folks, those vulnerable populations, working class
Speaker 8: Americans will want to save us from this from bascism
Speaker 8: and hope that this will be a preservation of democracy.
Speaker 8: But they can't just count on people believing that she'll
Speaker 8: stand up for them. They can't take those voters for granted.
Speaker 8: So she will absolutely have to toe the line between
Speaker 8: some of that more kind of left leaning policy work
Speaker 8: and helping us understand what that looks like, but also
Speaker 8: remembering that moderate voters are still asking questions of both sides.
Speaker 4: Jenna's our job to try to pull you into policy.
Speaker 3: Here we're on Bloomberg TV and radio, and you're pretty
Speaker 3: good at that. But I wonder to what extent this
Speaker 3: is a personality contest tonight and the battle of the Zingers.
Speaker 8: You know, that's the thing that I'm actually concerned about.
Speaker 8: You know, we've seen over the last few weeks that
Speaker 8: Trump has come out and literally said that his team
Speaker 8: told him not to a had commelin a personal way,
Speaker 8: and he did it anyway. And so I think that,
Speaker 8: you know, there will always be kind of folks choosing
Speaker 8: their approach, and we know that for Donald Trump that
Speaker 8: has previously been through the kind of character assassinations and
Speaker 8: the efforts to detegreate people based on who they that
Speaker 8: he thinks they are. So I think where VP Harris
Speaker 8: has really stood apart from him is that she's focused
Speaker 8: on how she's going to show up for everyday Americans. Well,
Speaker 8: so he may be fighting that fight, he may be
Speaker 8: jousting in terms of those negative attacks tonight, but I
Speaker 8: don't think that she's going to lower herself to that level.
Speaker 8: She hasn't yet, and I don't think she should today.
Speaker 2: Jen, how should we be considering the role of the
Speaker 2: moderators here, knowing there was essentially no fact checking at
Speaker 2: all in the CNN debate between Donald Trump and Joe
Speaker 2: Biden back in June, do you expect to see different
Speaker 2: behavior from those actually asking the questions tonight? Answering them
Speaker 2: is one thing, but actually trying to solicit true represent
Speaker 2: truth effectively in a forum like this when millions of
Speaker 2: Americans will be watching is a major question here.
Speaker 8: You know, I think that's something that a lot of
Speaker 8: us are concerned about, those of us who do social
Speaker 8: scientific work and are hoping that the facts will prevail.
Speaker 8: But what we've also seen is that specifically on the
Speaker 8: Trump side, there's been efforts to pull back on fact checking,
Speaker 8: and we saw this at the navg J the NMBJ
Speaker 8: conference earlier this season. So I think that the concern
Speaker 8: has been that even if there are some kind of
Speaker 8: guardrails in place to ensure that facts are centered, there
Speaker 8: may be also some tactics to try and pull back
Speaker 8: on that. So I think that the moderators have a
Speaker 8: tough road ahead of them because we know that this
Speaker 8: is a tactic that the Trump administration, even when he
Speaker 8: was in office, used to manipulate the kind of narratives
Speaker 8: that came out from the policies that he enacted. So
Speaker 8: I'm not confident that it'll be an easy conversation. I
Speaker 8: actually think it'll be quite hard to keep him on topic,
Speaker 8: to keep him on task, and then get him to
Speaker 8: actually answer the hard questions. And that's where you know,
Speaker 8: Americans have continued to be disappointed by these conversations because
Speaker 8: they're not giving to answer that they're looking for.
Speaker 4: Hey, Jenna's great to have you back. I know you'll
Speaker 4: be watching like we are tonight.
Speaker 3: Jen Jackson, Assistant professor political Science, Syracuse University, author of
Speaker 3: Black Women, taught us in intimate history of black feminism.
Speaker 3: Always a smart conversation, Jenna. We appreciate that.
Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch
Speaker 1: Just Live weekdays at noon Eastern on Apple car Play
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Speaker 1: on demand wherever you get your podcasts, or watch us
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Speaker 2: It's not just any Tuesday, though, It's the Tuesday that
Speaker 2: brings us potentially the only presidential debate between Donald Trump
Speaker 2: and Vice President Kamala Harris that we will see this
Speaker 2: election cycle. Will have full coverage of it for you
Speaker 2: here on Bloomberg TV and Radio, myself Kaylei lines alongside
Speaker 2: Joe Matthew. And what we know Joe is that obviously
Speaker 2: top of mind to the American electorate are more domestic issues,
Speaker 2: the border and the economy. Yet on that stage tonight,
Speaker 2: the candidates may have to field a number of foreign
Speaker 2: policy questions as well when it comes to Russia and Ukraine,
Speaker 2: China perhaps, and of course what could be most difficult
Speaker 2: for the incumbent vice president is questions around Israel and
Speaker 2: the ongoing war against Himan.
Speaker 3: Knowing the fissures we've seen in the Democratic Party, the
Speaker 3: outrage in some cases by progressive Democrats, and a needle
Speaker 3: to thread here for Kamala Harris. Is it the same
Speaker 3: policy as the Biden administration? Will there be continuity here
Speaker 3: or is this a new approach? Donald Trump, I suspect
Speaker 3: will suggest as much. And there has been this narrative
Speaker 3: that Donald Trump would be more friendly or at least
Speaker 3: less hard on Benjaminett Yah who that they have a
Speaker 3: better working relationship.
Speaker 4: Maybe some of this will come up tonight, but you
Speaker 4: bring up a great point.
Speaker 3: People typically do not vote on geopolitics, and we could
Speaker 3: be in a different world in this campaign illuminated tonight.
Speaker 2: Yeah, and it is worth noting as we talk about
Speaker 2: the fissures within the Democratic Party. Maybe not everyone votes
Speaker 2: on geopolitics, but some may choose not to vote over
Speaker 2: these kind of issues. That's what the Harrison and Democrats
Speaker 2: broadly may be more worried about. Is this idea that
Speaker 2: it could depress turnout among more progressive voters and in
Speaker 2: critical areas like Michigan.
Speaker 3: Well, as we make reference to the situation in Israel
Speaker 3: and throughout the Middle East, we're joined here in Washington
Speaker 3: by a major stakeholder that would be near Barcott Israel's
Speaker 3: Minister of the Economy visiting Washington on this important day
Speaker 3: for our politics here in the US. Minister, it's great
Speaker 3: to see you. Thank you for joining us again on VLUE.
Speaker 9: Thank you very much for hosting me.
Speaker 3: I don't know if you want to dip your toe
Speaker 3: into these waters tonight, but of course a lot of
Speaker 3: people around the world are going to be watching this
Speaker 3: debate to try to get a sense of what choices
Speaker 3: the United States and the world are facing here when
Speaker 3: it comes to the next president. Will you take time
Speaker 3: to watch tonight. Can you give us a sense of
Speaker 3: what you are looking to hear?
Speaker 10: Well? Naturally, I think it's healthy for Israelis not to
Speaker 10: get involved in the American politics. We want to stay bipartisan.
Speaker 10: We want to make our case and remind the American
Speaker 10: public and the world public who are up against Israel's
Speaker 10: against radical jihadists that want to wipe us off the map.
Speaker 10: They also want to wipe out all non Muslims. This
Speaker 10: is jihad and what you saw the atrocities we saw
Speaker 10: in October seven. From their perspective, they want to rearm,
Speaker 10: regroup and do it again and again and again. That's
Speaker 10: their charter, and this is what we're facing. Not only
Speaker 10: with Ramas, we're also facing Risabaalagin the North, the same Jihadis.
Speaker 10: They want to wipe us off the map. They're troubling
Speaker 10: our northern border. Just to give you some perspective, we
Speaker 10: have seventy thousand Israelis out of their homes. It's like
Speaker 10: two and a half million people in the United States.
Speaker 10: That's the equivalent doubled in San Diego if it was
Speaker 10: attacked from Mexico, more than Manhattan. This is the kind
Speaker 10: of pain we're suffering in the North and we have
Speaker 10: to fix it. Add to that the fact that Iran
Speaker 10: and katal the head of the snake and the biggest
Speaker 10: funder of terror, are also part of that alliance. They're
Speaker 10: funding Katal is the bigger fund, biggest funder of terror
Speaker 10: around the world. Their blood money, Wolf in sheep's clothes,
Speaker 10: they funded Taliban, they funded Isis, they fund all terror
Speaker 10: cells around the world. And Iran that wants to go
Speaker 10: after the Moderate Arab states as much as they're targeting us.
Speaker 10: This is the alliance that Israel Is against. And thank god,
Speaker 10: it's a great opportunity to thank the administration, to thank
Speaker 10: the American people for the huge support we're getting. We
Speaker 10: must understand that it's not a simple task. We have
Speaker 10: to eliminate Hamas off the map and not enable them
Speaker 10: to attack us again.
Speaker 2: Well, as you talk about Cutter specifically being a funder
Speaker 2: of terror, they are also one of the parties at
Speaker 2: the negotiating table who are helping mediate ceasefire talks between
Speaker 2: your government and Hamas. Are they not credible in this?
Speaker 2: Why are they part of those conversations if it's like
Speaker 2: you have zero reason that you see to trust them.
Speaker 10: One of the biggest mistakes our own government made, including
Speaker 10: the US government, is enable Katau to fand Ramas. A
Speaker 10: huge mistake we've made, and it's not too late to
Speaker 10: correct it. We prefer to see the Emirates and the
Speaker 10: Saudis that seek peace, that are looking for to expand
Speaker 10: the airbram cord. We'd like to see them support moderate
Speaker 10: Arab Palestinians. And we have to eradicate and take away
Speaker 10: the ability the capabilities of Ramas, the atrocities that were
Speaker 10: still going through and look at what they've just done.
Speaker 10: They murdered in cold blood, sick as of the hostages
Speaker 10: in cold blood. They don't care about our lives.
Speaker 9: They don't care. They think differently.
Speaker 10: They use every weaponry they have in order to kill
Speaker 10: this way at least, and.
Speaker 9: They don't care about their own lives. They don't care
Speaker 9: at all.
Speaker 10: They hide behind their own civilians. We protect our civilians.
Speaker 10: They use their civilians as shield because they know our strength,
Speaker 10: which is perceived as a weakness by them, because we
Speaker 10: care about human life and they have no care. They
Speaker 10: promote death and destruction.
Speaker 3: Your ministry, your finance ministry has cut its projection for
Speaker 3: growth in twenty twenty four in Bloomberg is reporting that
Speaker 3: you're lowering your GDP forecast for twenty five What is
Speaker 3: the cost financially speaking of this war.
Speaker 10: Well, naturally every round of violence in Norwegian there's a
Speaker 10: dip in the war. It's clear people go to reserves.
Speaker 10: And you know we're focusing on winning the war.
Speaker 4: Can you quantify that?
Speaker 9: Yeah, Well, you know.
Speaker 10: We entered the war at at a ratio of sixty
Speaker 10: percent debt to GDP, which is one of the best
Speaker 10: in the world. We're now about seventy percent debt to GDP.
Speaker 10: Will spread that throughout two years. We understand that we
Speaker 10: have to focus in winning the war first, I'm here
Speaker 10: speaking too many investors, and the potential of Israeli technology
Speaker 10: and high tech is not decreased, it increased. So right
Speaker 10: now there's a bit of a people are a bit
Speaker 10: shying away. But as they are shying away right now,
Speaker 10: I know that the world is interested in great products,
Speaker 10: and we have great security product, healthcare, agro tech, food tech,
Speaker 10: desert tech.
Speaker 9: We have a lot to offer to the world.
Speaker 10: And there's no down in my mind that you're going
Speaker 10: to see a nice spike immediately after the.
Speaker 9: War of success.
Speaker 2: Well, so what are you hearing from investors about their
Speaker 2: criteria to come back in if you will, Just that
Speaker 2: the war needs to be over, that they already need
Speaker 2: to see a recovery in the Israeli economy. The reservists,
Speaker 2: for example, who had left their jobs being reincorporated back
Speaker 2: into the workforce. What is it going to take.
Speaker 10: It's split the two people that are not familiar with
Speaker 10: Israel that are sort of they're sort of a bit
Speaker 10: of shying away because they're not certain where this is going.
Speaker 10: But a lot of Jews and people familiar with Israel
Speaker 10: see great opportunity right now because they understand that the
Speaker 10: strength of Israel's economy influences all Jews around the world.
Speaker 10: So you see, well, some people are shying away, the
Speaker 10: others are getting more engaged and involved. And from my
Speaker 10: experience and coming from the tech world, I know that
Speaker 10: the immediately after you're going to see huge investment flow
Speaker 10: because we have great products, great entrepreneurs, great solutions to
Speaker 10: give to the world, and the world responds very favorably
Speaker 10: to great products, which that's why I'm very optimistic as
Speaker 10: in the future.
Speaker 3: Of course, this is an important part of the conversation
Speaker 3: here on Bloomberg, and it sounds like you're seeing across
Speaker 3: the valley to a greater opportunity. Before this all started,
Speaker 3: we were talking about the cusp of an important economic
Speaker 3: partnership with the Arab world.
Speaker 4: Will you restart those talks?
Speaker 3: Will Saudi Arabia be back in this conversation in that world?
Speaker 9: I believe so.
Speaker 10: Look, the Airbram Accords are there, the Emirates, the Jordanians,
Speaker 10: the Egyptians. That's not perfect, but I see how the
Speaker 10: Saudis and other modern Arab states, including potentially Indonesia and others,
Speaker 10: are waiting to have a window of opportunity to enter
Speaker 10: the and expand the abram We bless it well. I
Speaker 10: think it's great for the stabidity of our region, the Sunnis,
Speaker 10: which is the moderate Absites, that the Saudis and the
Speaker 10: Murates are threatened by Iran. Just the other day, about
Speaker 10: two weeks ago, Iran clearly stated that they are going
Speaker 10: after them. They're the biggest enemy for Iran. Iran wants
Speaker 10: to take over all the holy sites of the Islam
Speaker 10: and then go after Israel. And guess what, You're next
Speaker 10: in line. All the non Muslims are in the same
Speaker 10: line for these radical jihadis. So I think it's in
Speaker 10: our best interest, it's in their best interest, it's in
Speaker 10: America's best interest to align with the moderate Arab states.
Speaker 10: They write big checks. They're interested in collaboration and integrating
Speaker 10: with the West, and we're the gateway for that.
Speaker 2: Well, of course, as we consider the Middle East as
Speaker 2: a whole, and the fact that we're seeing a presidential
Speaker 2: debate tonight between two candidates who will not one of
Speaker 2: them will be president in January, will not be President Biden,
Speaker 2: who has said one of the things he wants to
Speaker 2: accomplish before he leaves office is pace in the Middle
Speaker 2: East in a ceasefire deal. Does these really government have
Speaker 2: confidence this is something that could happen within the current
Speaker 2: administration or is this going to be something Donald Trump
Speaker 2: or Kamala Harris have to continue.
Speaker 9: We always wish for peace and if there's a way,
Speaker 9: we will be there.
Speaker 2: Do you see right now?
Speaker 10: The challenge is it's you know, ceasefire is very simple.
Speaker 10: The minute Hamas lays down its weaponry, releases the hostages,
Speaker 10: there's a ceasefire immediately. But as long as they keep
Speaker 10: those hostages, and as long as they again and again
Speaker 10: say that they want to eradicate Israel and they want
Speaker 10: to do it again and again, we got to make sure,
Speaker 10: like what happened with the Nazis, Okay, you didn't leave
Speaker 10: some of the Nazis to regroup at the tail end
Speaker 10: of the Second World War. Those criminals and these criminals,
Speaker 10: these psychopaths, we cannot enable them to continue ruling Gaza
Speaker 10: and to prepare for the next October seven attack. So
Speaker 10: from our perspective, I wish it was you know, it's
Speaker 10: strategic goal for Israel to have peace with its neighbors.
Speaker 9: We've demonstrated that with.
Speaker 10: Egypt forty years piece, with Jordan twenty five years now,
Speaker 10: the Abraham A Quart a few years.
Speaker 9: We want to expand that with people.
Speaker 10: That recognize the state of Israel, and when they don't
Speaker 10: recognize the State of Israel and they've committed those atrocities,
Speaker 10: we will not let them live.
Speaker 9: After this round of violence.
Speaker 3: We only have about a minute left, Minister, What has
Speaker 3: been the economic impact if any of the recent strikes
Speaker 3: that we've seen. There was a call for a general
Speaker 3: strike recently, can you see that born out in the numbers.
Speaker 9: I'm proud of our democracy. It's a real democracy debate.
Speaker 10: You know, people go out to the street and by
Speaker 10: the way, sometimes on both sides of the aisle, and
Speaker 10: they have the right to go to a strike. Eventually,
Speaker 10: you know, there's a price for democracy. Israel's willing to
Speaker 10: pay that price. We're proud of it and being the
Speaker 10: only democracy in the Middle East enabling people to succeed
Speaker 10: with human rights that no one around us has such
Speaker 10: human rights, and we're very, very proud of that. It's
Speaker 10: part of the price, and I'm proud of our democracy.
Speaker 2: All right, we have to leave it their, Minister, thank
Speaker 2: you so much for joining us here in Washington while
Speaker 2: on your visit. That is the Israeli Minister of the
Speaker 2: Economy near barcott. We appreciate your time, sir, Thank you
Speaker 2: for being with us.
Speaker 3: Thanks for listening to the Balance of Power podcast. Make
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