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Speaker 1: Now on Bloomberg with about the government. What are the

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Speaker 1: political reality the president has increasingly frustrated. I want to

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Speaker 1: try to cut through the noise politically. This is devastating.

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Speaker 1: Sound On with Kevin Crell, the insiders, the influencers, the insiders.

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Speaker 1: There is no secret that I care a lot about

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Speaker 1: the consumers. There are real questions about did tech we

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Speaker 1: still have more leverage to me? As Ritne's harraffs, I

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Speaker 1: think we could do with a little less drama from

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Speaker 1: the White is Sound On with kevins Relate on Bloomberg one.

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Speaker 1: At one oh five point seven a m h D

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Speaker 1: two Boltemore, the shutdown government reopens, but for how long?

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Speaker 1: White House Press Secretary Sarah Sanders just briefing reporters at

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Speaker 1: the White House. We have the latest on what she

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Speaker 1: says about whether or not the President will use emergency powers. Meanwhile,

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Speaker 1: breaking within the last half hour, Speaker of the House

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Speaker 1: Nancy Pelosi inviting President Trump to deliver his State of

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Speaker 1: the Union address on February five, and a China these delegation.

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Speaker 1: They're headed into Washington to meet with top economic advisors

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Speaker 1: to President Trump. This as the administration announces accuses rather Huawei,

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Speaker 1: the Chinese telecom giant, of stealing trade secrets and defrauding banks.

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Speaker 1: We're going to break down what that means for US

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Speaker 1: China trade talks. And Congressman Jim Banks, a freshman Republican

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Speaker 1: from Indiana on his way. He just touched down from

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Speaker 1: Indiana Landing and Reagan Airport. He's on his way into

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Speaker 1: the studio. We're gonna have him to get the latest

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Speaker 1: on that government shutdown, as well as an all star panel.

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Speaker 1: Jack FETs Patrick Bloomberg, government congressional reporter with me for

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Speaker 1: the hour. And Francesca Chambers, a senior White House correspondent

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Speaker 1: at the Daily Mail. It's been a minute since White

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Speaker 1: House Press Secretary Sarah Sanders has delivered a White House briefing,

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Speaker 1: and she delivered one today, and of course i'll talk

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Speaker 1: about whether or not the government will shut down in

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Speaker 1: three weeks from now. She was asked about this point blank,

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Speaker 1: and well, here's what you had to say. If they

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Speaker 1: don't come back with the deal, that means Democrats get

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Speaker 1: virtually nothing that will make the president and force him

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Speaker 1: to have to take executive action that does not give

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Speaker 1: Democrats the things that they want. So this is a

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Speaker 1: perfect time. Uh, and the table has been perfectly set

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Speaker 1: by the President in order for a good deal to

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Speaker 1: come together where everybody gets a little bit of something

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Speaker 1: they're looking for. So, following that, one by one, the

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Speaker 1: White House ussuring out some top advisors to President Trump.

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Speaker 1: Treasury Secretary Manusition was their chairman of the Council of

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Speaker 1: Economic Advisors, Larry Cudbo was there, and pretty much the

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Speaker 1: warning is quite simple. Democrats either deal with President Trump

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Speaker 1: or the government's going to shut down. Mind you, all

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Speaker 1: of the polling that came out over the weekend suggest

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Speaker 1: that independent voters, well, they're not too fond of a

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Speaker 1: partial government shutdown or of a wall. Now, what's interesting

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Speaker 1: about these polls is that they don't specifically go into

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Speaker 1: what precise slee a wall would be, because when it

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Speaker 1: gets a little more interesting, particularly in some of these

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Speaker 1: moderate Democrat districts in Texas, when you start talking about

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Speaker 1: border security, drone fencing and that and the likes. And

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Speaker 1: we should also note that Speaker of the House Nancy

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Speaker 1: Pelosi's approval rating also took a bit of a tumble.

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Speaker 1: That said, the Democrats are unified behind Speaker Pelosi, and

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Speaker 1: she herself now inviting President Trump to deliver his State

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Speaker 1: of the Union address one week from tomorrow, folks, on Tuesday,

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Speaker 1: February five. All of that leads folks to believe that, well,

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Speaker 1: maybe she might have won that battle on Friday, but

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Speaker 1: this is just a battle and not the war. The

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Speaker 1: President still determined to get funding for his wall. Congressman

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Speaker 1: Jim Banks of Republican from Indiana just walked in the

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Speaker 1: door at the studio fresh from his flight from Indiana. Right,

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Speaker 1: thank you for coming in. Well, okay, so you as

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Speaker 1: as a lawmaker, welcome back to Washington. Uh. It feels

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Speaker 1: like a rerun because it's the same fight. No, it does. Um,

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Speaker 1: three weeks is a lot of time in Washington, but

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Speaker 1: it's gonna go by very quickly. And over that three weeks, Uh,

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Speaker 1: the American people are are wondering if Nancy Pelosi will

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Speaker 1: rise to the occasion, will she deliver a deal and

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Speaker 1: the same? And and what's not lost in the American people?

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Speaker 1: I had a at a town hall meeting this morning

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Speaker 1: before I hopped on the plane. What's not lost to

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Speaker 1: my constituents? And uh, and the American people at large,

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Speaker 1: is the president giving Nancy Pelosi, giving in and giving

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Speaker 1: her three weeks puts the impetus on her shoulders to

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Speaker 1: come back to the table to negotiate. So if if

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Speaker 1: the government shuts down again, Kevin Um, it'll be very

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Speaker 1: clear to the American people that Nancy Pelosi is responsible

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Speaker 1: for the show. Congressman, I was really struck by the

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Speaker 1: nonpartisan Congressional Budget Office, which came out today with an

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Speaker 1: economic report that's that's said point one percent GDP growth

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Speaker 1: was sliced off of the fourth quarter of calendar year

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Speaker 1: two thousand, the eighteen point two or three percent of

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Speaker 1: GDP growth from the first quarter of this of this

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Speaker 1: quarter of this first quarter of this year. I mean,

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Speaker 1: that's this is tangible, uh economic data. I get it.

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Speaker 1: You're a Republican and and so you're you're critical of

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Speaker 1: Speaker Pelosi when I have Democrats on their critical of

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Speaker 1: the president. But what do you say to those independent

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Speaker 1: voters who are looking at this and saying they can't

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Speaker 1: believe that we might go through all of this again. Well,

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Speaker 1: what I told my constituents this morning, and what resonated

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Speaker 1: and was well understood by them, is that the way

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Speaker 1: this process works. I mean, you go go back to

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Speaker 1: Schoolhouse rocks right. I mean, the the House and the

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Speaker 1: Senate have to pass something to the President's desk, and

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Speaker 1: the president has two choices, either signs it or he

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Speaker 1: vetoes it. And on Friday it was the first time

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Speaker 1: that anything got to the president's desk. And what did

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Speaker 1: he do? He signed it. Um. The impetus is on

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Speaker 1: the legislative branch of government to negotiate between Mitch McConn

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Speaker 1: all in Senate Republicans, and I've I've been critical and

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Speaker 1: Mitch McConnell and the and the Senate along along the

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Speaker 1: way during this process as well, to negotiate with Nancy

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Speaker 1: Pelosi and House Democrats, just to strike a deal and

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Speaker 1: put something on the president's desk. If it's not a wall,

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Speaker 1: given more dollars for border security, for sophisticated technologies, I'll

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Speaker 1: bet you he's I bet he. I'll bet you he

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Speaker 1: comes to a point where he signed something that gives

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Speaker 1: him something to secure the border and to fulfill this

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Speaker 1: commitment that he made the American people to to provide

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Speaker 1: for greater border security, whether it's the wall, uh more

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Speaker 1: dollars for border security of points of entry. Um, give

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Speaker 1: him something and let's move on to other issues. Conres

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Speaker 1: from Jim Banks with me in studio, Republican from Indiana,

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Speaker 1: also a veteran of the Afghanistan War, a freshman in Congress,

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Speaker 1: and I believe one of the only freshman members on

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Speaker 1: the House Armed Services Committee. Correct well last term. This

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Speaker 1: is my second second term, apologizic, but we we did

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Speaker 1: add one freshman, uh, Congressman Waltz Florida is he's the

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Speaker 1: freshman in this Congress. So this is my second term

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Speaker 1: and proud to continue to serve on the House From Services.

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Speaker 1: It is the most bipartisan committee and all of the Congress.

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Speaker 1: Last the last two years, we did a lot in

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Speaker 1: a bipartisan fashion and rebuild the military, working with the

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Speaker 1: administration to do that. There's a lot more work to do,

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Speaker 1: so look forward to continuing that fight. Francesca Chambers is

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Speaker 1: a senior White House correspondent at the Daily Mill. You

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Speaker 1: were at the White House briefing today with White House

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Speaker 1: Press Secretary Sarah Centers. So we're hearing from Congressman Jim Banks, uh,

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Speaker 1: just about sort of the lay of the land and

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Speaker 1: the congressional aspects from the White House's perspective, it sounds

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Speaker 1: like they're fully prepared to use or declare a national

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Speaker 1: emergency should Congress not deliver to President Trump what he wants.

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Speaker 1: That's exactly what it sounds like. After that. Presperia, Now, well,

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Speaker 1: there's a lot of there's a lot of legal issues

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Speaker 1: with that, and that's something that mcmulvaney referred to over

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Speaker 1: the weekend weekend when he was on Fox News Sunday.

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Speaker 1: If the President were to declare a national emergency, that's

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Speaker 1: going to be held up in courts. Um. He wants

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Speaker 1: us to talk about the Ninth Star, okay, and it

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Speaker 1: could end up in the Ninth Circuit and be held up.

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Speaker 1: We actually have the acting Chief of Staff, McK mulveney,

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Speaker 1: what he told face the nation over the weekend. Take

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Speaker 1: a listen to what he'said. Yeah, I think he actually is.

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Speaker 1: Keep in mind, he's willing to do whatever it takes

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Speaker 1: to secure the border. So that was Acting Chief of

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Speaker 1: Staff mc mulvaney. Congressman Jim Banks, Republican from Indiana with

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Speaker 1: me in studio Francesca Chamber, Senior White House correspondent. They stay,

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Speaker 1: let's go to break and we'll have more on the

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Speaker 1: shutdown coming up. I'm Kevin Silli. You're listening to sound

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Speaker 1: on Bloomberg. You're listening to Sound On with Kevins really

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Speaker 1: on Bloomberg and one oh five point seven f m

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Speaker 1: h D two boltom over, Welcome back, busy day on

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Speaker 1: the first day back of the government reopening, and it

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Speaker 1: well might shut down again three weeks from now. We

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Speaker 1: were talking in the first block with Congressman Jim Banks,

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Speaker 1: a Republican from Indiana who's with us here in studio,

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Speaker 1: about the president and decision of whether or not to

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Speaker 1: shut down the government again or to declare a national emergency.

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Speaker 1: What would you like to see him do. I'd like

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Speaker 1: to see the Congress do what it's supposed to do.

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Speaker 1: I mean, at the end of the day, it shouldn't

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Speaker 1: be a surprise at a member of the legislative branch

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Speaker 1: of government once the Congress to step up to the plate,

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Speaker 1: do our job, pass a deal funded government, give give

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Speaker 1: the President um what he's asking for, and in in

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Speaker 1: some fashion develop a compromise with the between the House

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Speaker 1: and the Senate and the and the and the White House,

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Speaker 1: and and move on to other issues that we can

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Speaker 1: solve for this country, like healthcare and a lot of

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Speaker 1: other issues. They are in the minds of my constituencs. Yeah,

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Speaker 1: I'm really struck by that because you introduced the bill

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Speaker 1: uh that relating to healthcare, and I was thinking about

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Speaker 1: this over the weekend when I was talking to some

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Speaker 1: staffords on both sides of the aisle, just about or

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Speaker 1: is it wise for Republicans to really pin all of

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Speaker 1: their hopes to a wall literally and figuratively instead of

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Speaker 1: trying to get some type of other major initiative. Because

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Speaker 1: one by one you're starting to see the Democratic opposition

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Speaker 1: really be unified against this. Why not put forth new ideas.

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Speaker 1: I mean, folks might disagree with the Republican taxman, but

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Speaker 1: it still wasn't a wall. I'm an idea guy. I

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Speaker 1: ran for Congress to propose solutions to our country's problems.

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Speaker 1: So the wall is a part of an overall and

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Speaker 1: broader solution to addressing illegal immigration issues as well as

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Speaker 1: the drug the drug flow issues, national security issues. I

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Speaker 1: serve in the Armed Services Committeess. We talked about a

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Speaker 1: little bit ago. There's no question that um bad guys

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Speaker 1: come into our country over over the border, and we

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Speaker 1: need to do more to prevent that. But it's not

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Speaker 1: the only issue that I care about as you, as

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Speaker 1: you talked about, introduced a bill a couple of weeks

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Speaker 1: ago to address um one of the drivers of the

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Speaker 1: rising cost of healthcare hospital consolidation issues, which has resulted

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Speaker 1: in above increase in overall healthcare cost because of the

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Speaker 1: number of consolidations of of health care institutions in our country.

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Speaker 1: That that's the type of of congressman that I want

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Speaker 1: to be, even in the minority. What I'm finding in

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Speaker 1: the minority, though, is that um, Nancy, Nancy Pelosi is

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Speaker 1: driving the bus. Well. The government, I mean, the government

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Speaker 1: literally hasn't even been open for this Congress in terms

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Speaker 1: of for for there to really be anything happening, not

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Speaker 1: not on her watch, not not until now. And now

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Speaker 1: we have now, we have a three week window of

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Speaker 1: opportunity to rise above the fray and propose a solution

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Speaker 1: to move forward. And that's what I talked about a

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Speaker 1: little bit ago. I mean, this is basic, um uh,

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Speaker 1: talk about how how the process works. Schoolhouse rocks, the

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Speaker 1: House passes a bill, the Senate passes a bill, They

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Speaker 1: hash out their disagreements, and then everyone votes on a

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Speaker 1: single bill with the same language and then sent it

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Speaker 1: to the President's tests to sign it. So far, the

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Speaker 1: process has been broken down, bogged down because of a

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Speaker 1: lack of leadership in the Congress. And we can point

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Speaker 1: fingers at the President, but there's a lot of finger

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Speaker 1: pointing to go wrong go around in the Congress as well.

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Speaker 1: You know, I'm really gonna embarrass myself right now, Congressman

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Speaker 1: Jim Banks, Republican from Indiana, You keep mentioning Schoolhouse Rock

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Speaker 1: and and I feel like I should should be honest

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Speaker 1: in the eighth grade school play, I was in the

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Speaker 1: schoolhouse Rock play. No, no, no, those those videos are

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Speaker 1: never seeing the light of day. Francesca Chambers Uh, a

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Speaker 1: senior White House correspondent for The Daily Mail, And Jack

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Speaker 1: Fitzpatrick Bloomberg Government congressional reporter. Jack, we've heard from Congressman

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Speaker 1: Banks about what Republicans are thinking about as they go

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Speaker 1: into this three week period of negotiations. What are you

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Speaker 1: hearing from Speaker Pelosi's office. Well, the Speaker Pelosi initially

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Speaker 1: said she was going to leave this to the appropriators

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Speaker 1: and really took a softer stance, at least at first glance, Uh,

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Speaker 1: saying that this is going to be left to the

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Speaker 1: members of the Conference Committee, and what I've heard from

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Speaker 1: them is a lot more willingness to compromise, at least

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Speaker 1: from people like Lucille roybal Allard, who has said she's

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Speaker 1: at least willing to have a conversation about new fencing

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Speaker 1: money and and actual barriers at the border. The question is,

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Speaker 1: does Pelosi stay that way, does she keep leaving it

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Speaker 1: in their court, does Trump jump in, or is this

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Speaker 1: absolutely left to those other members of the Conference Committee

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Speaker 1: who really are used to working together the Congressman in

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Speaker 1: terms of so that that rather, that's that's what Speaker

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Speaker 1: Pelosi's office is saying, Francesca. But you were at the

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Speaker 1: White House today when Sarah Sanders came out, and it

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Speaker 1: was the first time and how long since there was

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Speaker 1: a briefing. It's the first one of this year, first

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Speaker 1: with the new year. Wow, so it's like a more

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Speaker 1: than a month and what was the last I don't

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Speaker 1: even remember the last one. And the Secretary Monution was there,

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Speaker 1: Larry Cudlow was there, and they talked about a lot.

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Speaker 1: And I want to get to some of the other

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Speaker 1: topics in this block, because we also heard about the

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Speaker 1: ongoing situation in Venezuela, which is a very serious, serious matter.

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Speaker 1: We should note that President Trump has announced his support

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Speaker 1: for the interim president Guido Juan Guido, which Speaker Pelosi

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Speaker 1: also we should note, has backed UH in terms of

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Speaker 1: the deteriorating situation there as UH Dictator Medoro tries to

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Speaker 1: cling to power. But there are some concerns You're starting

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Speaker 1: to hear some democratic concerns about how this situation is

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Speaker 1: being handled. What did the administration have to say, Francesco

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Speaker 1: at the White House earlier? So they announced new sanctions

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Speaker 1: on Venezuela and called for Medoro. Yes, and it called

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Speaker 1: for elections in the in the coming days, and that's

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Speaker 1: what it would take to lift those sanctions. I think

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Speaker 1: what was really remarkable as we learned that President Trump

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Speaker 1: hasn't actually spoken to the opposition leader that the United

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Speaker 1: States now supports. We knew that Vice President Pence had

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Speaker 1: spoken to him several times. When we learned today that

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Speaker 1: President Trump has not spoken to him. They have not

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Speaker 1: yet had a conversation. You know who has spoken to

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Speaker 1: Medora Russia President Vladimir Putin, who called a dictator Madura

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Speaker 1: literally the same day as the US administration announcing support

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Speaker 1: for Juan Guido uh Congressman Jim Bank's Republican from Indiana

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Speaker 1: with me in studio, member of the House Armed Services Committee,

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Speaker 1: Your thoughts on how the US is handling the situation

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Speaker 1: and Venezuela. Well, the sanctions are evidence of a measured approach.

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Speaker 1: So I appreciate the administration's um, their their strategy to

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Speaker 1: this point in standing on the right side of democracy

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Speaker 1: and stability in Venezuela with but by siding with UM,

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Speaker 1: with the with the with the Assembly leader UM, Juan

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Speaker 1: Guido UM and and and issuing sanctions against Maduro. So

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Speaker 1: that that's that shows a measured approach. There's been some

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Speaker 1: scuttle about whether or not we'll call troops there that

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Speaker 1: that's yet to be seen. I hope that. I hope

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Speaker 1: that we don't go down that route with I hope not,

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Speaker 1: And I know that there's been a conversation about that,

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Speaker 1: um that's that's yet to be seen. If that's a

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Speaker 1: realistic um. Even if that's a serious conversation, at this point,

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Speaker 1: I've seen no evidence of it being. So sanctions are

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Speaker 1: the right approach and I stand with the administration support

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Speaker 1: of that. Congressman on on this particular point. You know,

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Speaker 1: I haven't heard too much of this in the undresser

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Speaker 1: and obviously not from the administration, but I will I

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Speaker 1: will tell you I do see it on social media,

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Speaker 1: and I do hear about it in talking with folks

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Speaker 1: outside of Washington, and that is Is the US in

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Speaker 1: any way pushing for a regime change or electioneering? I

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Speaker 1: don't know, but as far as electioneering goes, but there's

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Speaker 1: no there's no question that we stand in favor of

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Speaker 1: some type of it, of change of leadership in Venezuela.

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Speaker 1: But is it the right I guess I'll be more direct.

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Speaker 1: I mean folks who are saying, is that the US

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Speaker 1: place to go in in Venezuela and pick a leader?

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Speaker 1: That that's That's what's the chatter is for a lot

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Speaker 1: of observers of this outside of Washington. What would you

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Speaker 1: say to those folks who are a bit uneasy about that?

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Speaker 1: Clearly the people of Venezuela are looking for a different

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Speaker 1: path forward. The economic upheaval, the instability within Venezuela is

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Speaker 1: um is significant to the United States of America. But

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Speaker 1: we want, we want the people of Venezuela to step

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Speaker 1: up and make that decision for themselves and appears that's

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Speaker 1: exactly what's happening. And the military as sided with Guido

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Speaker 1: um and um in positioning themselves on on his side,

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Speaker 1: on the side of democracy, on the side of democratic reforms.

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Speaker 1: And we as as a country, as you mentioned, whether

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Speaker 1: it's Nancy Pelosi or President Donald Trump, we all stand

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Speaker 1: in favor of that and and in and in many

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Speaker 1: ways the situation in Venezuela. And this is another question

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Speaker 1: I get a lot from folks outside of Washington. How

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Speaker 1: why should Americans care about what's going on in Venezuela.

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Speaker 1: And we talk about immigration, when we talk about the

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Speaker 1: drug crisis. Uh, this plays a role in that. When

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Speaker 1: you look at the role that Iran's playing in Venezuela,

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Speaker 1: of Russia, as I mentioned calling a Maduro has an

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Speaker 1: alliance with Maduro as well as some of these other

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Speaker 1: foreign adversaries who are have a relationship there. It really

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Speaker 1: does impact a U S foreign policy, but also US

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Speaker 1: domestic policy, no question about it. What what we're going

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Speaker 1: to see in the next um year to the next

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Speaker 1: three years is South America taking on the same interest

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Speaker 1: UM from a national security perspective as much as an

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Speaker 1: economic perspective for the United States of America is what

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Speaker 1: the Middle East has as over the past decade or

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Speaker 1: more other regions of the country that we've been talking about.

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Speaker 1: So there's no there's no question about it that this

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Speaker 1: is this, this provide, this presents significance to United States

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Speaker 1: of America that we should pay more attention to. All Right,

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Speaker 1: Congressman Jim Banks, stay staying with us. After the breakers,

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Speaker 1: we have much more to talk about on the shutdown,

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Speaker 1: foreign policy, and the wall. We're gonna get into whether

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Speaker 1: or not Republicans would be able to support something other

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Speaker 1: than a wall, whether it's drones, steal slats, whatever you

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Speaker 1: want to call it, Call it what you want, but

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Speaker 1: don't say that the shutdown is over. I'm Kevin Sirelli.

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Speaker 1: You're listening to Bloomberg nine one. This is sound on

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Speaker 1: with Kevin's really on Bloomberg one and one oh five

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Speaker 1: point seven of m h D two Baltimore. I gotta

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Speaker 1: say that's a great song. Welcome back. I'm Kevin Surlier

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Speaker 1: listening to sounds on Bloomberg. Congressman Jim Banks of Republican

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Speaker 1: from Indianna. We were actually just talking about nineties rock

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Speaker 1: during the during the break YouTube try all time favorite band.

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Speaker 1: It's a great band. Yeah. Have you ever seen them?

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Speaker 1: I have many times? Are two or three times they

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Speaker 1: played Indianapolis twelve thirteen years ago? I know I've seen

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Speaker 1: them at least once since then, but I forget where. Okay, Yeah,

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Speaker 1: I've seen them like two or three times as well.

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Speaker 1: You know, we were also talking, of course, about the

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Speaker 1: partial government shut down. For her to talk about YouTube,

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Speaker 1: I mean me too, but I mean, I don't think

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Speaker 1: my bosses want to hear that, so so let's keep

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Speaker 1: it on politics. But I could talk actually Botto is

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Speaker 1: pretty political. But that's another show for another day. But

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Speaker 1: but in terms of the partial government shutdown and and

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Speaker 1: Speaker Pelosi and these polls that came out, and I

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Speaker 1: do want to be honest here, I mean, President Trump

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Speaker 1: took a hit Speaker Pelosi's approval UH rating DiPT. We're

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Speaker 1: gonna be hearing from President Trump, according to the Speaker's

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Speaker 1: office on February five, when he delivers that State of

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Speaker 1: the Union address. Earlier today, White House Press Secretary Sarah

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Speaker 1: Sanders saying, Okay, Democrats either dealer, we're declaring a national emergency.

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Speaker 1: I think the interesting thing Congressman Jim Banks, Republican from Indiana,

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Speaker 1: about these polls that came out, is thirty seven percent

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Speaker 1: of the country still wants a wall. And thirty seven

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Speaker 1: percent isn't seven percent, I mean thirty about a little

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Speaker 1: more than three and ten Americans want this wall. But

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Speaker 1: would you you come from a pretty conservative district in Indiana,

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Speaker 1: would you be okay with drones in some areas, with

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Speaker 1: fencing in some areas, with infrared smart wall, I believe

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Speaker 1: is how the President referred to it in the Rose

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Speaker 1: Garden on Friday. Would you be okay if it wasn't

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Speaker 1: just a wall. Yes, I think most Republicans would be

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Speaker 1: okay if it wasn't just a wall, but providing more

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Speaker 1: dollars for better, more sophisticated technologies, a wall in places

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Speaker 1: where a wall is needed and makes the most sense,

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Speaker 1: more border border patrol agents, more dollars for security ports

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Speaker 1: of entry, um. All of the above should be and

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Speaker 1: is on the table. In fact, the President has made

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Speaker 1: it very clear he's one he's willing to compromise on

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Speaker 1: all of those issues. It's been the other side has

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Speaker 1: been fully unwilling to come to the table and provide

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Speaker 1: any framework for a compromise to occur. But we have

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Speaker 1: three weeks hopefully, and I believe the pressure is on

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Speaker 1: Nancy Pelosi more than ever before. What what President Trump

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Speaker 1: signed on Friday puts the puts the pressure fully on

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Speaker 1: Nancy Pelosi to come back to the table compromise and

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Speaker 1: avoid another government show. Right. Congressman Jim Bank's fresh off

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Speaker 1: the plan Republican from Indiana, a member of the Health

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Speaker 1: Arm Services Committee. You've been more than generous with your

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Speaker 1: time and joining us in studio. I know you've got

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Speaker 1: to get back to the capital, right, you gotta go.

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Speaker 1: You're literally going into the Capitol building. Yes, all right, Well,

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Speaker 1: thank you for staying a little late for us, appreciate it,

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Speaker 1: and thanks for coming on. Jack Fitzpatrick, a Bloomberg Government

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Speaker 1: congressional reporter. Uh So, Republicans say, as we just heard

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Speaker 1: from Congressman Banks that they would be okay with something

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Speaker 1: other are then a straight up wall? Is that going

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Speaker 1: to be enough to get Democrats to deal? He's right

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Speaker 1: that the ball really is in Democrats court. I mean

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Speaker 1: during the shutdown, Democrats said no wall. And there was

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Speaker 1: even that now infamous exchange when Trump said, well what

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Speaker 1: if when the shutdown ends, would you support any wall?

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Speaker 1: And Pelosi said no. There are other Democrats who say

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Speaker 1: they could support something. But I'll throw this out there.

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Speaker 1: John Boseman, who's a senator, a Republican senator who previously

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Speaker 1: actually chaired the Homeland Security Appropriations Committee, said at the

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Speaker 1: end of last week, Republicans could get a pretty good

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Speaker 1: deal with no new fencing because it costs so much

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Speaker 1: money to build the roads along where the wall would be,

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Speaker 1: to build the lights there, to do the surveillance technology.

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Speaker 1: I know Trump wouldn't want that, but that's kind of

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Speaker 1: a sign of how much room there is for potential

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Speaker 1: compromise that you have a Republican in the Senate saying

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Speaker 1: we would We could get a pretty good deal with

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Speaker 1: no fencing, let alone a full wall. Uh. The question

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Speaker 1: is how much does Pelosi have her hand in this?

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Speaker 1: How much has the Democrats position changed? Are they willing

431
00:23:02,000 --> 00:23:04,359
Speaker 1: to compromise that on that or not? Because it does

432
00:23:04,400 --> 00:23:07,399
Speaker 1: seem clear Republicans would be perfectly happy to take a

433
00:23:07,440 --> 00:23:10,000
Speaker 1: little bit of fencing money, if not that full five

434
00:23:10,040 --> 00:23:15,040
Speaker 1: point seven billion dollars. Jack Fitzpatrick Winberg, government congressional reporter. Uh,

435
00:23:15,240 --> 00:23:18,960
Speaker 1: joining us, Jack, I mean are you sensing any any

436
00:23:19,080 --> 00:23:22,639
Speaker 1: type of dissent within the Democratic ranks. I mean, it

437
00:23:23,080 --> 00:23:25,919
Speaker 1: looks like Speaker Pelosi heads into this three week period

438
00:23:26,119 --> 00:23:29,440
Speaker 1: where a unified Democratic Party. I've really been surprised leading

439
00:23:29,520 --> 00:23:31,760
Speaker 1: up to this how unified they have been, especially when

440
00:23:31,760 --> 00:23:35,360
Speaker 1: you think about we're talking about immigration issues. Uh. Just

441
00:23:35,400 --> 00:23:37,440
Speaker 1: before the end of the shutdown, I asked Lucille roy

442
00:23:37,440 --> 00:23:39,800
Speaker 1: bal Alert, who's on this conference committee, was actually working

443
00:23:39,840 --> 00:23:42,280
Speaker 1: on a full homeland security bill. Are you getting any

444
00:23:42,280 --> 00:23:45,399
Speaker 1: pressure from the left wing of the party saying, you know,

445
00:23:45,560 --> 00:23:48,280
Speaker 1: we need to defund Ice on this bill, we need

446
00:23:48,320 --> 00:23:53,680
Speaker 1: to go absolutely hard on our whole immigration priorities rather

447
00:23:53,720 --> 00:23:56,080
Speaker 1: than compromising. And she said, no, they really haven't been.

448
00:23:56,240 --> 00:23:59,600
Speaker 1: Now you had Alexandria Acasio Cortez voting against some spending

449
00:23:59,640 --> 00:24:02,840
Speaker 1: bills because it would the cr stop gaps would have

450
00:24:02,880 --> 00:24:07,159
Speaker 1: funded Ice temporarily. But that's the only Democrat who who

451
00:24:07,280 --> 00:24:10,840
Speaker 1: peeled off of the coalition. There. The caucus really has

452
00:24:10,880 --> 00:24:13,760
Speaker 1: been together. When it comes time to deal, you may

453
00:24:13,800 --> 00:24:16,000
Speaker 1: see some more dissent, but the fact that they made

454
00:24:16,000 --> 00:24:18,520
Speaker 1: it through a whole thirty five days shutdown and now

455
00:24:18,560 --> 00:24:23,920
Speaker 1: have put together this conference committee really is more solidity

456
00:24:23,960 --> 00:24:27,480
Speaker 1: among Democrats than I probably would have guessed. Jackets Pastrick Bloomberg,

457
00:24:27,520 --> 00:24:29,679
Speaker 1: government congressional reporter. He's going to be with us in

458
00:24:29,680 --> 00:24:32,360
Speaker 1: the next box, as well as Francesca Chamber, senior White

459
00:24:32,400 --> 00:24:35,880
Speaker 1: House correspondent at The Daily Mail. I'm Kevin CERELLI coming

460
00:24:35,960 --> 00:24:40,719
Speaker 1: up the presidential race. It's starting to be a bruin.

461
00:24:41,560 --> 00:24:43,960
Speaker 1: That is the last coffee joke I will make about

462
00:24:44,119 --> 00:24:47,119
Speaker 1: Howard Chult, these former Starbucks CEO, and whether or not

463
00:24:47,119 --> 00:24:49,680
Speaker 1: he's gonna run for president. You're listening to sound On Bloomberg.

464
00:24:53,240 --> 00:24:56,840
Speaker 1: This is sewned on. We need different leadership, there's any

465
00:24:56,960 --> 00:25:01,560
Speaker 1: question about it. Truth overall. I said I would take

466
00:25:01,600 --> 00:25:03,719
Speaker 1: a hardcore guest to the elections. I will not be

467
00:25:03,760 --> 00:25:11,359
Speaker 1: a candidate before president American, keep America great. So really

468
00:25:13,080 --> 00:25:15,919
Speaker 1: welcome back. It's never too early, Well it kind of

469
00:25:16,040 --> 00:25:19,320
Speaker 1: is too early. But who cares to talk presidential politics?

470
00:25:19,400 --> 00:25:21,960
Speaker 1: And what a great panel we have to do it today,

471
00:25:21,960 --> 00:25:24,600
Speaker 1: Francesca Chamber seeing your White House correspondent at the Daily Mail,

472
00:25:24,880 --> 00:25:30,880
Speaker 1: Jack Fitzpatrick Bloomberg, government congressional reporter, and Francesca I'm struck

473
00:25:30,960 --> 00:25:34,080
Speaker 1: by all of this. Howard Schultz, the Starbucks former Starbucks

474
00:25:34,119 --> 00:25:38,679
Speaker 1: CEO Howard Schultz. All of this uh brew haha, that

475
00:25:38,760 --> 00:25:46,360
Speaker 1: has I see what you did there? Uh, that has

476
00:25:46,400 --> 00:25:48,760
Speaker 1: come up about him saying telling sixty Minutes he might

477
00:25:48,800 --> 00:25:51,520
Speaker 1: be running as an independent. Uh. A lot of folks

478
00:25:51,560 --> 00:25:55,760
Speaker 1: that come out against this, uh. And I'm struck by this.

479
00:25:55,960 --> 00:25:57,840
Speaker 1: I want to play what he said on sixty Minutes

480
00:25:57,880 --> 00:25:59,160
Speaker 1: to set it up and then and then we'll talk

481
00:25:59,200 --> 00:26:03,439
Speaker 1: more about it. I don't care if you're Democrat, independent, libertarian, Republican.

482
00:26:03,920 --> 00:26:07,760
Speaker 1: Bring me your ideas, and I will be an independent

483
00:26:07,840 --> 00:26:11,720
Speaker 1: person who will embrace those ideas because I am not

484
00:26:11,880 --> 00:26:15,480
Speaker 1: in any way in bed with a party. Never too early,

485
00:26:15,560 --> 00:26:18,240
Speaker 1: maybe a little bit too early to be having a

486
00:26:18,240 --> 00:26:21,960
Speaker 1: debate about Howard Schultz, whether or not he does run,

487
00:26:22,320 --> 00:26:24,400
Speaker 1: especially at a time when we have so many Democrats.

488
00:26:24,400 --> 00:26:26,679
Speaker 1: I feel like a new Democrat every single day is

489
00:26:26,720 --> 00:26:29,960
Speaker 1: declaring the fact that they intend to run for president

490
00:26:30,040 --> 00:26:32,119
Speaker 1: of the United States. The latest one Kamala Harris over

491
00:26:32,160 --> 00:26:34,320
Speaker 1: the weekend, Jackon's Patrick, and there's there's just I think

492
00:26:34,320 --> 00:26:36,840
Speaker 1: this is caught everybody's attention because there's so much terror

493
00:26:36,880 --> 00:26:41,000
Speaker 1: among Democrats who feel good about where Trump's approval ratings

494
00:26:41,000 --> 00:26:43,600
Speaker 1: have sunk too lately, and they think, you know, the

495
00:26:44,160 --> 00:26:46,720
Speaker 1: one thing that could really hurt them is splitting up

496
00:26:46,760 --> 00:26:49,919
Speaker 1: the anti Trump vote. Uh. You can think what you

497
00:26:49,960 --> 00:26:54,000
Speaker 1: want about Schultz's chances as a candidate overall, but you

498
00:26:54,040 --> 00:26:57,159
Speaker 1: compare this to Mike Bloomberg saying he's considering running but

499
00:26:57,240 --> 00:26:59,440
Speaker 1: that he doesn't want to be the spoiler and that

500
00:26:59,560 --> 00:27:03,160
Speaker 1: he'll run in the Democratic primary if he does so. Uh,

501
00:27:03,520 --> 00:27:06,160
Speaker 1: you may think he has no chance in the Democratic primary.

502
00:27:06,200 --> 00:27:07,760
Speaker 1: But the thing with Schultz is if he runs as

503
00:27:07,760 --> 00:27:11,600
Speaker 1: an independent. Uh, that's there's no chance to just knock

504
00:27:11,680 --> 00:27:14,360
Speaker 1: him out. He's stealing votes away from whoever ends up

505
00:27:14,800 --> 00:27:17,560
Speaker 1: being the Democratic nominee. But here's an idea. In the

506
00:27:17,600 --> 00:27:20,720
Speaker 1: interm look at what President Trump did today. He was

507
00:27:20,760 --> 00:27:23,360
Speaker 1: tweeting about him. He's not tweeting about Kamala Harris, he's

508
00:27:23,359 --> 00:27:26,080
Speaker 1: not tweeting about Elizabeth Warren in any of these other Democrats.

509
00:27:26,119 --> 00:27:28,920
Speaker 1: And so by the fact that he even suggested that

510
00:27:28,960 --> 00:27:31,240
Speaker 1: he could run as an independent, it's something that really

511
00:27:31,280 --> 00:27:34,600
Speaker 1: attracted President Trump. Because Howard Scholtz is someone who is

512
00:27:34,640 --> 00:27:38,080
Speaker 1: actually ranked by Forbes is being more wealthy than President Trump.

513
00:27:38,119 --> 00:27:40,359
Speaker 1: And so we started taking in shots at his intelligence

514
00:27:40,400 --> 00:27:42,399
Speaker 1: and sparring with him, so he could serve as a

515
00:27:42,480 --> 00:27:46,560
Speaker 1: distraction in the meantime while Democrats are trying to figure

516
00:27:46,560 --> 00:27:48,040
Speaker 1: out who their nominee is gonna be. And I wanna,

517
00:27:48,040 --> 00:27:50,000
Speaker 1: I wanna say no. Michael Bloomberg has told The New

518
00:27:50,040 --> 00:27:52,840
Speaker 1: York Times he is considering a mom for president, a Democrat.

519
00:27:52,920 --> 00:27:56,160
Speaker 1: He's also the founder of Bloomberg LP, the parent company

520
00:27:56,200 --> 00:28:00,919
Speaker 1: of Bloomberg Radio. Senator Kamala Harris Francesco Chambers over the

521
00:28:00,920 --> 00:28:05,000
Speaker 1: weekend in Oakland declaring that she is running and that

522
00:28:05,119 --> 00:28:06,760
Speaker 1: is a lot of people are excited and a lot

523
00:28:06,760 --> 00:28:09,959
Speaker 1: of the establishment type of dem are here in town. Uh,

524
00:28:10,000 --> 00:28:13,639
Speaker 1: at least former Obama folks are excited about Senator Harris.

525
00:28:13,720 --> 00:28:17,000
Speaker 1: Here's what Senator Kamala Harris said in Oakland on on Sunday.

526
00:28:17,040 --> 00:28:20,760
Speaker 1: Take a listen. We will deliver the largest working and

527
00:28:20,840 --> 00:28:27,040
Speaker 1: middle class tax cut in a generation, to five number

528
00:28:27,160 --> 00:28:31,600
Speaker 1: dollars a month to help America's families make ends meet.

529
00:28:32,560 --> 00:28:36,240
Speaker 1: So Francesco Chambers, Senior White House correspondent at the Daily Mail,

530
00:28:37,320 --> 00:28:42,160
Speaker 1: she's talking about taxes. But Senator Elizabeth Warren, the Democrat

531
00:28:42,560 --> 00:28:46,240
Speaker 1: from Massachusetts, I mean her tax plan essentially Essentially, I

532
00:28:46,440 --> 00:28:49,960
Speaker 1: would argue, is is really one of the most progressive

533
00:28:50,000 --> 00:28:53,040
Speaker 1: that we've seen. Uh and and so is Senator Harris

534
00:28:53,040 --> 00:28:56,200
Speaker 1: trying to cast herself as going after the same boat.

535
00:28:56,840 --> 00:28:59,480
Speaker 1: I think that every single one of the Democrats who

536
00:28:59,480 --> 00:29:02,120
Speaker 1: are running and running or thinking about running, this is

537
00:29:02,160 --> 00:29:04,320
Speaker 1: going to be an issue where they can distinguish themselves.

538
00:29:04,440 --> 00:29:07,280
Speaker 1: It's also going to be on healthcare and whether or

539
00:29:07,280 --> 00:29:09,440
Speaker 1: not they support Medicare for all, whether or not how

540
00:29:09,480 --> 00:29:11,720
Speaker 1: they proposed to pay for that. You were talking about

541
00:29:11,760 --> 00:29:14,560
Speaker 1: Howard Choltz before. He has commented on how we should

542
00:29:14,560 --> 00:29:16,760
Speaker 1: have good health care for all Americans, but he doesn't

543
00:29:16,800 --> 00:29:18,640
Speaker 1: see how you pay for that and doesn't agree with

544
00:29:18,640 --> 00:29:22,400
Speaker 1: where Democrats are headed on this. So I think that taxes, healthcare,

545
00:29:22,800 --> 00:29:24,920
Speaker 1: those will be two big issues where all of these

546
00:29:25,000 --> 00:29:28,800
Speaker 1: candidates can come up with positions that define their candidacies

547
00:29:28,800 --> 00:29:31,040
Speaker 1: and distinguish them from everyone else who's running. Jack, Do

548
00:29:31,040 --> 00:29:33,840
Speaker 1: you think it's too early to be running to be

549
00:29:33,920 --> 00:29:38,040
Speaker 1: talking about it? No? No, I mean we're in nineteen.

550
00:29:38,360 --> 00:29:40,600
Speaker 1: There's going to be such a huge group of Democrats

551
00:29:40,680 --> 00:29:43,640
Speaker 1: running that everybody wants to position them. Do you think

552
00:29:43,680 --> 00:29:46,280
Speaker 1: it Do you think it impacts what the what Speaker

553
00:29:46,320 --> 00:29:49,800
Speaker 1: Pelosi has to do on Capitol Hill the presidential race,

554
00:29:49,920 --> 00:29:53,560
Speaker 1: not as much as just her own caucus and trying

555
00:29:53,600 --> 00:29:57,480
Speaker 1: to accomplish something in the next two years and divided government.

556
00:29:57,520 --> 00:29:59,760
Speaker 1: I mean, it's it's hard enough being the Speaker when

557
00:29:59,760 --> 00:30:03,240
Speaker 1: you're working with Trump and a Republican Senate and you've

558
00:30:03,280 --> 00:30:05,680
Speaker 1: got a left wing of your party. I know there

559
00:30:05,680 --> 00:30:08,840
Speaker 1: are people who are politicking and want attention, but it's

560
00:30:08,880 --> 00:30:11,720
Speaker 1: more of the Senate than than her own House members. See.

561
00:30:11,760 --> 00:30:13,880
Speaker 1: I go back and forth, good Francesco, because on the

562
00:30:13,960 --> 00:30:16,240
Speaker 1: one hand, I hear what Jack saying, and I think

563
00:30:16,280 --> 00:30:19,720
Speaker 1: if you're Speaker Pelosi, you know all of the stuff

564
00:30:19,800 --> 00:30:22,080
Speaker 1: is is. I'm not a side show but but but

565
00:30:22,240 --> 00:30:26,080
Speaker 1: sort of much different in terms of what uh the

566
00:30:26,200 --> 00:30:28,320
Speaker 1: lawmakers are doing. But then there's another part of me

567
00:30:28,360 --> 00:30:31,480
Speaker 1: that's like, well, Senate min Arty Leader Chuck Schumer really

568
00:30:31,520 --> 00:30:35,720
Speaker 1: can't negotiate with when you have so many high profile

569
00:30:35,800 --> 00:30:39,800
Speaker 1: Democrats in the Senate who are are vying and positioning

570
00:30:40,480 --> 00:30:43,200
Speaker 1: and and there really doesn't seem to be much of

571
00:30:43,280 --> 00:30:47,000
Speaker 1: an impetus to make a deal. But we already knew

572
00:30:47,240 --> 00:30:49,520
Speaker 1: that many of these senators were going to be running,

573
00:30:49,520 --> 00:30:53,000
Speaker 1: so whether they had declared their intentions to run or

574
00:30:53,080 --> 00:30:55,840
Speaker 1: form an exploratory committee and waited another month or two.

575
00:30:56,040 --> 00:30:59,400
Speaker 1: Certainly that was something as President Trump has actually repeatedly said,

576
00:30:59,640 --> 00:31:01,320
Speaker 1: it was going to be on their mind in the

577
00:31:01,320 --> 00:31:06,040
Speaker 1: border security negotiations. And that's and setting themselves up with

578
00:31:06,120 --> 00:31:08,520
Speaker 1: positions that they'll be able to stand on when they

579
00:31:08,600 --> 00:31:10,800
Speaker 1: run against him, regardless of what those positions are. And

580
00:31:10,840 --> 00:31:13,840
Speaker 1: I think Jack makes a good point because I personally

581
00:31:13,920 --> 00:31:16,040
Speaker 1: think people are so fired up on the left. I

582
00:31:16,080 --> 00:31:18,360
Speaker 1: think the enthusiasm gap that we saw in the midterms

583
00:31:18,440 --> 00:31:22,400
Speaker 1: is just it's it's just beginning to boil. Uh and

584
00:31:22,400 --> 00:31:25,120
Speaker 1: and and I think it's gonna be UH nationwide. Other

585
00:31:25,160 --> 00:31:27,320
Speaker 1: big story, of course, over the weekend, we're following him

586
00:31:27,320 --> 00:31:29,520
Speaker 1: on Friday, Roger Stone, I got in touch with them

587
00:31:29,560 --> 00:31:31,080
Speaker 1: over the weekend. I do want to read for you

588
00:31:31,120 --> 00:31:33,640
Speaker 1: what he texted me, because get this, he is very

589
00:31:33,760 --> 00:31:38,120
Speaker 1: chatty since all of this has gone down. Roger Stone,

590
00:31:38,160 --> 00:31:43,320
Speaker 1: of course, the President's UH former informal former informal advisor

591
00:31:43,520 --> 00:31:47,360
Speaker 1: campaign official, the one of the earliest political advisors to

592
00:31:47,520 --> 00:31:49,920
Speaker 1: private citizen Donald Trump. Actually, when when Donald Trump was

593
00:31:49,920 --> 00:31:52,640
Speaker 1: thinking about running for governor of New York. Uh he

594
00:31:52,760 --> 00:31:57,000
Speaker 1: was one of the folks that he uh hired. He

595
00:31:57,240 --> 00:32:01,400
Speaker 1: said to me, quote, I find it outrageous that did comee, McCabe, Clapper,

596
00:32:01,400 --> 00:32:04,080
Speaker 1: and Clinton all lied under oath to the Congress and

597
00:32:04,160 --> 00:32:06,600
Speaker 1: none of them were prosecuted. Yet I did not lie

598
00:32:06,680 --> 00:32:09,160
Speaker 1: to Congress and being subjected to a frame by the

599
00:32:09,200 --> 00:32:13,040
Speaker 1: special counsel. The hypocrisy is stunning. Francesco, how's the White

600
00:32:13,040 --> 00:32:15,600
Speaker 1: House reacting to all this Roger Stone stuff? Has nothing

601
00:32:15,600 --> 00:32:18,040
Speaker 1: to do with the president, That's that's what they're saying.

602
00:32:18,080 --> 00:32:20,080
Speaker 1: I mean, but but like, but I mean, what what

603
00:32:20,080 --> 00:32:23,080
Speaker 1: what do they saying privately? Because I'm I'm different things,

604
00:32:23,080 --> 00:32:25,160
Speaker 1: But they're saying privately and publicly at least that's what

605
00:32:25,200 --> 00:32:27,560
Speaker 1: I'm hearing. I still think that they're trying to make

606
00:32:27,600 --> 00:32:29,600
Speaker 1: it sound like this has absolutely nothing to do with

607
00:32:29,640 --> 00:32:32,680
Speaker 1: the president. The president has no exposure here, even though

608
00:32:33,080 --> 00:32:36,560
Speaker 1: we know that Roger Stone was still informally communicating with

609
00:32:36,600 --> 00:32:39,160
Speaker 1: President Trump since he took office. I think the question

610
00:32:39,400 --> 00:32:41,400
Speaker 1: is when, and we didn't get a chance to dig

611
00:32:41,520 --> 00:32:44,200
Speaker 1: into that far enough today. When was the last time

612
00:32:44,240 --> 00:32:49,920
Speaker 1: that they had any contact? Yeah, yeah, I just I'm

613
00:32:50,000 --> 00:32:53,760
Speaker 1: struck by you know, the Roger Show. Roger, if you're listening,

614
00:32:53,880 --> 00:32:56,040
Speaker 1: come on, come on the program. We'll we'll have you

615
00:32:56,080 --> 00:33:01,240
Speaker 1: on Huawei. Huawei, the Chinese telecom giant. Well, the U

616
00:33:01,360 --> 00:33:05,120
Speaker 1: S says that they were defrauding. Uh, they were doing

617
00:33:05,160 --> 00:33:07,040
Speaker 1: more issues of defrauding and how that's going to impact

618
00:33:07,080 --> 00:33:09,400
Speaker 1: the US China trade talks. We're gonna get into that tomorrow.

619
00:33:09,560 --> 00:33:11,960
Speaker 1: Thanks for listening, Thanks to our guests, All Star Panel.

620
00:33:12,000 --> 00:33:14,160
Speaker 1: I'm Kevin Serelli. You're listening to Bloomberg