1 00:00:00,880 --> 00:00:04,360 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us 2 00:00:04,400 --> 00:00:07,560 Speaker 1: live weekdays at one Eastern on Bloomberg dot com, the 3 00:00:07,640 --> 00:00:10,719 Speaker 1: iHeartRadio app and the Bloomberg Business app, or listening on 4 00:00:10,800 --> 00:00:12,800 Speaker 1: demand wherever you get your podcasts. 5 00:00:14,040 --> 00:00:17,240 Speaker 2: With the latest on Israel, we are waiting in Washington, 6 00:00:17,239 --> 00:00:20,360 Speaker 2: and of course we're waiting around the world for a 7 00:00:20,400 --> 00:00:24,600 Speaker 2: headline on hostages as Israeli forces engage in heavy fighting 8 00:00:24,600 --> 00:00:27,600 Speaker 2: with Hamas a deal could emerge at any moment. We 9 00:00:27,800 --> 00:00:29,960 Speaker 2: just heard from the President a short time ago, holding 10 00:00:30,000 --> 00:00:33,840 Speaker 2: an unrelated event about counter narcotics at the White House 11 00:00:33,880 --> 00:00:37,440 Speaker 2: before he takes off to Nantucket for Thanksgiving. The President 12 00:00:37,760 --> 00:00:40,959 Speaker 2: of the United States opening with an update on this 13 00:00:41,120 --> 00:00:41,600 Speaker 2: very issue. 14 00:00:41,600 --> 00:00:44,400 Speaker 3: Here he is, we're working on this intensively for weeks. 15 00:00:44,400 --> 00:00:47,839 Speaker 3: As you all know, I've spoken recently about it of 16 00:00:47,880 --> 00:00:52,400 Speaker 3: both the premiers of Nannato and the Mirror Cutter. My 17 00:00:52,560 --> 00:00:59,160 Speaker 3: team is head of the region, shuttling each happening. We're 18 00:00:59,200 --> 00:01:03,520 Speaker 3: now very close, very close. It could bring me in 19 00:01:03,720 --> 00:01:05,240 Speaker 3: Seni the Sausage's. 20 00:01:04,720 --> 00:01:07,760 Speaker 2: Home very soon, very close. The keywords there from the 21 00:01:07,760 --> 00:01:10,800 Speaker 2: President not unlike what he said yesterday at the Turkey 22 00:01:10,880 --> 00:01:14,760 Speaker 2: pardoning event. On the South lawn very close. Remember he 23 00:01:14,760 --> 00:01:16,840 Speaker 2: held up his seat. He was crossing his fingers when 24 00:01:16,840 --> 00:01:20,000 Speaker 2: he was talking to the reporters. And here's what we understand. 25 00:01:20,080 --> 00:01:24,240 Speaker 2: According to reporting at Bloomberg, this deal brokeered by Cutter, 26 00:01:24,800 --> 00:01:26,840 Speaker 2: expected as soon as today, and we've been saying that 27 00:01:26,880 --> 00:01:29,839 Speaker 2: for a couple of days. Realized would have essentially two 28 00:01:29,920 --> 00:01:32,120 Speaker 2: phases to it would be coupled with a multi day 29 00:01:32,120 --> 00:01:35,400 Speaker 2: cease fire. In the first phase would be about four 30 00:01:35,480 --> 00:01:38,960 Speaker 2: days worth. Here Hamas releasing some fifty Israeli women and 31 00:01:39,080 --> 00:01:43,160 Speaker 2: children held in Gaza, while Israel releases one hundred and 32 00:01:43,200 --> 00:01:45,679 Speaker 2: fifty Palestinian prisoners in return. 33 00:01:46,560 --> 00:01:47,400 Speaker 1: You do the math. 34 00:01:47,480 --> 00:01:53,080 Speaker 2: Here Israel would release three Palestinian prisoners for each Israeli 35 00:01:53,240 --> 00:01:57,840 Speaker 2: hostage released. Based on what we understand here, a second 36 00:01:57,880 --> 00:02:01,160 Speaker 2: phase could unlock a lot more. He is fifty more 37 00:02:01,440 --> 00:02:06,160 Speaker 2: Israeli hostages in exchange for a longer cease fire. All 38 00:02:06,240 --> 00:02:08,639 Speaker 2: of this remains up in the air and is being 39 00:02:08,680 --> 00:02:11,040 Speaker 2: negotiated as we speak. And that's why we're lucky to 40 00:02:11,080 --> 00:02:14,280 Speaker 2: have former Ambassador Daniel freed with us. He's now the 41 00:02:14,280 --> 00:02:17,600 Speaker 2: Wiser family distinguished, fell out the Atlantic Council, but has 42 00:02:17,639 --> 00:02:22,680 Speaker 2: spent a career doing diplomatic work. Former National Security Council 43 00:02:22,800 --> 00:02:26,200 Speaker 2: Senior directory's former ambassador to Poland, as we spoke with 44 00:02:26,280 --> 00:02:29,360 Speaker 2: them a lot in the of course, outset of the 45 00:02:29,400 --> 00:02:34,399 Speaker 2: war in Ukraine, and former Assistant Secretary of State for Europe. So, ambassador, 46 00:02:34,400 --> 00:02:36,720 Speaker 2: thank you for making time for us here. What's happening 47 00:02:36,760 --> 00:02:40,079 Speaker 2: behind the scenes right now? What are the back channels 48 00:02:40,120 --> 00:02:42,320 Speaker 2: sounding like as we approach a potential deal. 49 00:02:44,160 --> 00:02:47,680 Speaker 4: Well, we'll find out more after the deal is done. 50 00:02:47,760 --> 00:02:50,680 Speaker 4: If it's done, about how it came about. There will 51 00:02:50,720 --> 00:02:56,080 Speaker 4: be articles written about who, who did what. But we 52 00:02:56,200 --> 00:03:00,560 Speaker 4: can be sure that this is a difficult, complicated process. 53 00:03:00,680 --> 00:03:03,959 Speaker 4: The Israelis and Hamas are not talking to each other, 54 00:03:04,360 --> 00:03:09,000 Speaker 4: They're working through intermediaries. The us IS, I expect, is 55 00:03:09,040 --> 00:03:12,280 Speaker 4: involved in some way, maybe the Egyptians as well. 56 00:03:12,680 --> 00:03:13,280 Speaker 5: This is a. 57 00:03:13,160 --> 00:03:20,000 Speaker 4: Complicated negotiation and all it will produce is a possible 58 00:03:21,000 --> 00:03:26,720 Speaker 4: temporary succession of hostilities and a release of as many 59 00:03:26,760 --> 00:03:32,160 Speaker 4: hostages as the Israelis can get out. It is not 60 00:03:32,440 --> 00:03:37,800 Speaker 4: a stepping stone necessarily to any wider diplomatic discussions to 61 00:03:37,960 --> 00:03:44,280 Speaker 4: end this conflict. Those those have to wait. It's a 62 00:03:44,320 --> 00:03:47,839 Speaker 4: decent step, and you can see the Biden administration has 63 00:03:47,880 --> 00:03:50,680 Speaker 4: put a lot of effort into this initial step. 64 00:03:51,480 --> 00:03:55,520 Speaker 2: When we know that we're working through a third party, 65 00:03:55,640 --> 00:04:01,520 Speaker 2: essentially in the Cutter, officials work on this to what 66 00:04:01,640 --> 00:04:05,800 Speaker 2: extent is the administration directly involved, the State Department directly involved, 67 00:04:05,880 --> 00:04:09,160 Speaker 2: or is this a chain of communication going through Cutter. 68 00:04:11,600 --> 00:04:14,520 Speaker 4: I think both. I think it likely that there is 69 00:04:14,560 --> 00:04:18,440 Speaker 4: a chain of communication going through Gutter. I think the 70 00:04:18,560 --> 00:04:23,720 Speaker 4: US State Department is involved talking to the Israelis, talking 71 00:04:23,760 --> 00:04:29,480 Speaker 4: to the Gutties. I am confident that the US is 72 00:04:29,720 --> 00:04:33,640 Speaker 4: an active player in this process. Stepping back a bit, 73 00:04:34,240 --> 00:04:37,960 Speaker 4: you can see that the Biden administration and President Biden 74 00:04:38,080 --> 00:04:43,560 Speaker 4: himself want to move toward a diplomatic framework to end 75 00:04:43,760 --> 00:04:47,400 Speaker 4: this conflict. To do that, you have to have start 76 00:04:47,880 --> 00:04:50,719 Speaker 4: and it has to be done in ways that both 77 00:04:50,760 --> 00:04:55,200 Speaker 4: parties can accept. The Israelis are in no mood to 78 00:04:55,279 --> 00:05:00,840 Speaker 4: stop fighting Hamas, which they believe rightly wants to wipe 79 00:05:00,880 --> 00:05:04,839 Speaker 4: them out and is perfectly prepared to massacre more Israeli 80 00:05:04,880 --> 00:05:10,800 Speaker 4: civilians if they can. The Arab countries would love to 81 00:05:10,839 --> 00:05:16,119 Speaker 4: see the possibility of getting back to negotiations, but negotiations 82 00:05:16,160 --> 00:05:20,520 Speaker 4: that don't involve a two state solution, A Palestinian state 83 00:05:21,080 --> 00:05:24,240 Speaker 4: are not going to go very far. The idea that 84 00:05:24,279 --> 00:05:26,880 Speaker 4: we could work around it through the Abraham Accords has 85 00:05:26,960 --> 00:05:32,360 Speaker 4: been blown up. But this is easier said than done. 86 00:05:33,160 --> 00:05:38,520 Speaker 4: Some of my diplomatic colleagues started out in pushing Israeli 87 00:05:38,760 --> 00:05:42,120 Speaker 4: Arab Israeli Palestinian peace deals when they were young, and 88 00:05:42,160 --> 00:05:46,880 Speaker 4: now they're not young. We've seen this for decades. We've 89 00:05:46,920 --> 00:05:51,000 Speaker 4: gotten close before, we've never The Americans have tried and 90 00:05:51,040 --> 00:05:53,799 Speaker 4: they have never landed a deal. But you can see 91 00:05:53,880 --> 00:05:57,720 Speaker 4: that the Biden people want a deal, and they in 92 00:05:58,000 --> 00:06:01,160 Speaker 4: President Biden's op ed and the Washing and Posy outlined 93 00:06:01,200 --> 00:06:04,400 Speaker 4: some of the parameters. So the United States is looking 94 00:06:04,440 --> 00:06:09,400 Speaker 4: ahead and this possible deal for hostages and a temporary 95 00:06:09,400 --> 00:06:14,000 Speaker 4: cease fire could be a first step. But that's a 96 00:06:14,080 --> 00:06:17,479 Speaker 4: small first step, and the steps after this get harder, 97 00:06:17,560 --> 00:06:18,200 Speaker 4: not easier. 98 00:06:19,279 --> 00:06:22,560 Speaker 2: Well, with regard to the next step, we're talking about 99 00:06:22,600 --> 00:06:25,520 Speaker 2: a second phase potentially, and I realized this is all 100 00:06:25,600 --> 00:06:30,360 Speaker 2: very tenuous that could include a longer cease fire. Ambassador, 101 00:06:30,680 --> 00:06:33,320 Speaker 2: we keep hearing that a ceasefire is not tenable, that 102 00:06:33,320 --> 00:06:38,799 Speaker 2: it would simply allow Hamas to reload, to reset itself 103 00:06:38,960 --> 00:06:42,479 Speaker 2: in Gaza, to the detriment of the Israelis. But I 104 00:06:42,520 --> 00:06:44,719 Speaker 2: wonder if you see this differently, and if you see 105 00:06:44,760 --> 00:06:47,760 Speaker 2: it as the potential for the beginning of a longer 106 00:06:47,880 --> 00:06:49,960 Speaker 2: term cease fire. Could this be the beginning of the 107 00:06:50,040 --> 00:06:50,640 Speaker 2: end of this war. 108 00:06:51,839 --> 00:06:57,040 Speaker 4: The Israelis have said repeatedly and strongly that there is 109 00:06:57,080 --> 00:07:00,600 Speaker 4: no going back to the status quo before a Verse seventh. 110 00:07:01,200 --> 00:07:04,240 Speaker 4: They're not going to allow Hamas to remain as an 111 00:07:04,400 --> 00:07:10,200 Speaker 4: organization in Daza preparing for the next assault on Israel. 112 00:07:11,600 --> 00:07:15,880 Speaker 4: That's pretty clear from them. At the same time, they 113 00:07:15,880 --> 00:07:22,600 Speaker 4: are facing massive opposition and you can feel it disquiet 114 00:07:22,640 --> 00:07:25,840 Speaker 4: within the Biden administration of the number of civilian casualties. 115 00:07:26,440 --> 00:07:30,240 Speaker 4: It's an ugly war. The fact that Hamas started this 116 00:07:30,360 --> 00:07:34,640 Speaker 4: phase of the conflict is of little help to the Israelis, 117 00:07:34,680 --> 00:07:40,240 Speaker 4: who find themselves in a difficult position. The Biden people 118 00:07:40,520 --> 00:07:45,000 Speaker 4: want to move ahead with a diplomatic process, and you 119 00:07:45,120 --> 00:07:50,680 Speaker 4: can see that they're trying to get to some place 120 00:07:50,880 --> 00:07:54,520 Speaker 4: decent after this horror. I respect what they're trying to 121 00:07:54,520 --> 00:07:57,200 Speaker 4: do and I wish them every success, but it is 122 00:07:57,240 --> 00:07:59,400 Speaker 4: not easy. I don't envy them. 123 00:08:00,400 --> 00:08:03,000 Speaker 2: Great to have you back, Ambassador, I wish you and 124 00:08:03,040 --> 00:08:06,360 Speaker 2: You're family a great thanksgiving. Daniel Freed of the Atlantic Council, 125 00:08:06,600 --> 00:08:10,520 Speaker 2: former Ambassador to Poland, former Assistant Secretary of State for Europe. 126 00:08:10,760 --> 00:08:13,240 Speaker 2: I'm Joe Matthew in Washington. This is Bloomberg's sound on 127 00:08:13,320 --> 00:08:15,000 Speaker 2: as we try to get to all sides of this 128 00:08:15,080 --> 00:08:19,440 Speaker 2: story here. It's not just the economy stupid. The reaction 129 00:08:19,480 --> 00:08:22,880 Speaker 2: that we've been seeing in polls recently, particularly from younger people, 130 00:08:22,880 --> 00:08:27,040 Speaker 2: with regard to President Biden's foreign policy, has not been 131 00:08:27,040 --> 00:08:29,200 Speaker 2: good for someone running for reelection, and that's where we 132 00:08:29,480 --> 00:08:32,200 Speaker 2: want to add the voice to Spencer Kimball, the executive 133 00:08:32,200 --> 00:08:36,520 Speaker 2: director of the Emerson College Polling Center, Straight from my 134 00:08:36,679 --> 00:08:40,840 Speaker 2: alma mater. Spencer, it's great to have you here on Bloomberg. Welcome. 135 00:08:41,000 --> 00:08:44,160 Speaker 2: I know you're doing great work at the Polling Center, 136 00:08:44,360 --> 00:08:48,520 Speaker 2: and you're constantly asking these questions as we make our 137 00:08:48,559 --> 00:08:51,240 Speaker 2: way through the campaign cycle, and I want to ask 138 00:08:51,280 --> 00:08:53,680 Speaker 2: you some more specific things about the work that you're doing. 139 00:08:53,720 --> 00:08:59,120 Speaker 2: But with regard to foreign policy, with pro Palestinian protesters 140 00:08:59,200 --> 00:09:03,880 Speaker 2: chanting Jennie Side outside DNC headquarters, how much of a 141 00:09:04,000 --> 00:09:07,120 Speaker 2: problem could this story be for Joe Biden in this campaign? 142 00:09:08,440 --> 00:09:08,680 Speaker 1: Well? 143 00:09:08,800 --> 00:09:11,240 Speaker 6: Thanks, Joe, again for having me. And as you mentioned, 144 00:09:11,280 --> 00:09:13,319 Speaker 6: we've had a chance to look at this issue now 145 00:09:13,600 --> 00:09:17,599 Speaker 6: unfortunately for six seven weeks, and we've seen a dropout 146 00:09:17,720 --> 00:09:21,600 Speaker 6: of that younger vote for Biden. College educated vote has 147 00:09:21,640 --> 00:09:23,839 Speaker 6: also dropped out. And when you look at that head 148 00:09:23,880 --> 00:09:26,800 Speaker 6: to head match up with Donald Trump, he now trails 149 00:09:26,840 --> 00:09:30,440 Speaker 6: by four points nationally. And remember he wins the election 150 00:09:30,559 --> 00:09:33,080 Speaker 6: by four and a half points three years ago, so 151 00:09:33,120 --> 00:09:36,000 Speaker 6: he's got some room to make up now from this 152 00:09:36,120 --> 00:09:36,960 Speaker 6: current situation. 153 00:09:38,160 --> 00:09:41,280 Speaker 2: What do you make of the college educated vote and 154 00:09:41,360 --> 00:09:43,319 Speaker 2: is that something that you saw coming. 155 00:09:44,720 --> 00:09:47,840 Speaker 6: No, the college educated in the postgrad vote are kind 156 00:09:47,840 --> 00:09:50,360 Speaker 6: of the lock in vote for President Biden. In the 157 00:09:50,400 --> 00:09:52,440 Speaker 6: youth vote, the eighteen to twenty nine year olds are 158 00:09:52,440 --> 00:09:55,920 Speaker 6: the ones who put him over the top. They voted 159 00:09:55,920 --> 00:09:58,600 Speaker 6: for him nearly two to one. So now we're starting 160 00:09:58,600 --> 00:10:02,440 Speaker 6: to see some shifting of these constituents and they're not 161 00:10:02,480 --> 00:10:05,439 Speaker 6: necessarily going over to Trump. They're kind of leaving him 162 00:10:05,480 --> 00:10:08,600 Speaker 6: to the undecided group, or they're looking at the Cornell 163 00:10:08,640 --> 00:10:15,440 Speaker 6: West or Robert Kennedy, Joe Bidendas, Jill Stein candidacies and 164 00:10:15,559 --> 00:10:17,680 Speaker 6: see if maybe one of those candidates are more in 165 00:10:17,720 --> 00:10:19,080 Speaker 6: line with their policies. 166 00:10:19,760 --> 00:10:22,400 Speaker 7: But right now. It's very fluid in that presidential race. 167 00:10:23,880 --> 00:10:26,000 Speaker 2: I'm sure that we can get to this from a 168 00:10:26,000 --> 00:10:28,360 Speaker 2: couple of different angles, but it's both sides of Pennsylvania 169 00:10:28,360 --> 00:10:30,880 Speaker 2: avenue here. The Senate is something that Democrats are pretty 170 00:10:30,880 --> 00:10:33,319 Speaker 2: worried about. You've been doing research on this as well 171 00:10:34,640 --> 00:10:37,160 Speaker 2: in any number of races here, whether it's Shared Brown 172 00:10:38,080 --> 00:10:41,960 Speaker 2: or John Tester. Is the Senate the next biggest concern 173 00:10:42,240 --> 00:10:44,480 Speaker 2: or is it the greatest concern for Democrats when you 174 00:10:44,520 --> 00:10:47,600 Speaker 2: start looking at these elections coming up in less than 175 00:10:47,640 --> 00:10:47,920 Speaker 2: a year. 176 00:10:49,080 --> 00:10:50,920 Speaker 6: Well, I think you could take a cueue out of 177 00:10:51,000 --> 00:10:54,360 Speaker 6: what we saw last week in Kentucky, where you had 178 00:10:54,360 --> 00:10:57,800 Speaker 6: a popular Democrat, you have a very unpopular incumbent, you know, 179 00:10:57,920 --> 00:11:00,560 Speaker 6: Joe Biden, but the Democrat this hyar, was to win 180 00:11:00,960 --> 00:11:04,839 Speaker 6: by five six points against the Republican. And I think 181 00:11:04,880 --> 00:11:07,640 Speaker 6: what we're seeing in Ohio, at least early on, is 182 00:11:07,679 --> 00:11:10,160 Speaker 6: a candidate like Shared Brown is still leading the three 183 00:11:10,440 --> 00:11:14,400 Speaker 6: potential Republican candidates. John Tester is also able. So there 184 00:11:14,440 --> 00:11:17,160 Speaker 6: seems to be a disconnect between with voters who are 185 00:11:17,200 --> 00:11:19,960 Speaker 6: willing to split their tickets, maybe voting for Trump but 186 00:11:20,000 --> 00:11:23,640 Speaker 6: then voting for the Democratic senator of course, in West Virginia, 187 00:11:23,760 --> 00:11:25,640 Speaker 6: we didn't see those numbers, and that's why you see 188 00:11:25,720 --> 00:11:29,920 Speaker 6: Joe Manchin step down because he saw himself trailing already. 189 00:11:29,960 --> 00:11:32,760 Speaker 7: At this point, those other Democrats are still leading. 190 00:11:33,160 --> 00:11:35,520 Speaker 2: As opposed to the Senate race in California, which I 191 00:11:35,559 --> 00:11:38,040 Speaker 2: know you ran numbers on recently and I was looking 192 00:11:38,040 --> 00:11:41,560 Speaker 2: at this, that's going to end up being a Democrat, right, 193 00:11:41,600 --> 00:11:43,120 Speaker 2: It's just a question of which one, and it could 194 00:11:43,240 --> 00:11:45,320 Speaker 2: end up being one of the most expensive races in 195 00:11:45,360 --> 00:11:46,400 Speaker 2: the country as a result. 196 00:11:47,400 --> 00:11:51,080 Speaker 6: Yeah, that's a fascinating race, but particularly the former baseball 197 00:11:51,120 --> 00:11:53,120 Speaker 6: player Steve Garvey just got in the race as a 198 00:11:53,160 --> 00:11:56,680 Speaker 6: Republican and he shot up to ten percent. The question 199 00:11:56,760 --> 00:11:59,960 Speaker 6: is can he get Remember California's got that runoff election 200 00:12:00,080 --> 00:12:03,200 Speaker 6: in jungle primary where everybody's in in the top two runoff. 201 00:12:03,880 --> 00:12:07,520 Speaker 6: Katie Porter in Shift are in the lead, but just 202 00:12:07,559 --> 00:12:10,760 Speaker 6: by a few percentage points. Barbara Lee and Garvey is 203 00:12:10,840 --> 00:12:13,640 Speaker 6: right down there. So you got like four horses up there. 204 00:12:13,880 --> 00:12:16,640 Speaker 6: We'll see if the Republican is able to get into 205 00:12:16,720 --> 00:12:20,280 Speaker 6: that runoff. Otherwise you'll have two Democrats mine for Feinstein's seat. 206 00:12:21,280 --> 00:12:24,440 Speaker 2: Boy, I'm sure there will be no drama surrounding that 207 00:12:24,520 --> 00:12:26,479 Speaker 2: race at all. What are you seeing in New Hampshire 208 00:12:26,840 --> 00:12:30,760 Speaker 2: where Nicki Haley and your last poll was surging in 209 00:12:30,840 --> 00:12:33,319 Speaker 2: the Republican side. Here we talked about Democrats, but in 210 00:12:33,440 --> 00:12:36,200 Speaker 2: terms of the Republican primary, this has been game on 211 00:12:36,360 --> 00:12:40,199 Speaker 2: for Nicki Haley since certainly the last debate, and it's 212 00:12:40,360 --> 00:12:43,080 Speaker 2: not so much for Ron de Santis. Based on your numbers, 213 00:12:43,080 --> 00:12:44,680 Speaker 2: that poll got a lot of pickups. What are you 214 00:12:44,720 --> 00:12:45,480 Speaker 2: seeing since then? 215 00:12:46,600 --> 00:12:50,360 Speaker 6: Yeah, so Haley. So it's good news for Haley. She's 216 00:12:50,440 --> 00:12:53,120 Speaker 6: up at eighteen percent. She's the alternative to Trump, at 217 00:12:53,200 --> 00:12:55,720 Speaker 6: least in New Hampshire. But as you mentioned, we've been 218 00:12:55,760 --> 00:12:58,760 Speaker 6: doing polls in Ohio and California and she's really at 219 00:12:58,800 --> 00:13:01,520 Speaker 6: six seven percent. So in the early state she's put 220 00:13:01,520 --> 00:13:04,880 Speaker 6: in the effort and she's doing better. My concern for 221 00:13:04,960 --> 00:13:08,120 Speaker 6: Haley would be come South Carolina. She's still trailing Trump 222 00:13:08,120 --> 00:13:10,560 Speaker 6: by thirty points, and if you lose your home state, 223 00:13:10,800 --> 00:13:13,760 Speaker 6: that's generally you know, the end of the campaign. So 224 00:13:13,960 --> 00:13:15,840 Speaker 6: she's going to have to really make some inroads in 225 00:13:15,880 --> 00:13:18,640 Speaker 6: her home state if she wants to contend. On the 226 00:13:18,640 --> 00:13:21,560 Speaker 6: flip side. Trump's numbers stay where they are, so he's 227 00:13:21,559 --> 00:13:24,000 Speaker 6: still had forty nine to fifty percent up in New Hampshire. 228 00:13:24,080 --> 00:13:26,959 Speaker 6: So it's almost like there's a jockeying for second underneath them, 229 00:13:27,000 --> 00:13:29,440 Speaker 6: and it's important who comes in second might become the 230 00:13:29,480 --> 00:13:31,240 Speaker 6: nominee in twenty twenty eight. 231 00:13:31,080 --> 00:13:32,840 Speaker 2: So there's a lot of her life of reasons. Well 232 00:13:32,840 --> 00:13:35,040 Speaker 2: it could also for twenty four for a lot of reasons. 233 00:13:35,120 --> 00:13:38,520 Speaker 2: But in our remaining moment here, as we spend some 234 00:13:38,600 --> 00:13:44,040 Speaker 2: time with Spencer Kimball from Emerson College Polling Center, this 235 00:13:44,080 --> 00:13:46,200 Speaker 2: could take on a lot of different forms over the 236 00:13:46,200 --> 00:13:50,000 Speaker 2: course of the next year. Is it the early states 237 00:13:50,000 --> 00:13:52,600 Speaker 2: that we should be paying attention to? You mentioned the 238 00:13:52,640 --> 00:13:55,720 Speaker 2: difference between Iowa, New Hampshire, and Ohio, for instance. 239 00:13:56,840 --> 00:14:01,240 Speaker 6: Yeah, So in the nominating contest, it's we call the momentum. 240 00:14:01,400 --> 00:14:05,480 Speaker 6: And so what Nicky Haley or Ron Desantus is going 241 00:14:05,559 --> 00:14:08,520 Speaker 6: to try to do out of Iowa is beat expectations 242 00:14:08,760 --> 00:14:11,320 Speaker 6: and then jump to New Hampshire and try to carry 243 00:14:11,320 --> 00:14:14,120 Speaker 6: on some momentum into the early primary states. 244 00:14:14,720 --> 00:14:16,199 Speaker 7: You know, the difficulty there. 245 00:14:16,040 --> 00:14:18,079 Speaker 6: Is that Trump is over fifty percent in all of 246 00:14:18,120 --> 00:14:20,840 Speaker 6: these states, so it's hard to see where that momentum 247 00:14:20,880 --> 00:14:23,480 Speaker 6: will happen. But you know, magic and you know, lightning 248 00:14:23,520 --> 00:14:27,480 Speaker 6: in a bottle could happen and we could see some changes. Otherwise, 249 00:14:27,520 --> 00:14:29,880 Speaker 6: you're kind of looking at you know, who's the future 250 00:14:29,920 --> 00:14:32,360 Speaker 6: of the party. Presuming in twenty eight we have an 251 00:14:32,400 --> 00:14:32,920 Speaker 6: open seat. 252 00:14:33,080 --> 00:14:35,360 Speaker 2: Makes you wonder why Joe Biden is not up on 253 00:14:35,440 --> 00:14:37,320 Speaker 2: the air yet. We're going to talk about that with 254 00:14:37,400 --> 00:14:40,320 Speaker 2: our panel straight ahead, Rick Davis and Genie Shanzano. Big 255 00:14:40,320 --> 00:14:43,160 Speaker 2: thanks to Spencer Kimball. I hope life as well at 256 00:14:43,200 --> 00:14:46,400 Speaker 2: Emerson College. They're busy in the polling center not far 257 00:14:46,440 --> 00:14:47,240 Speaker 2: from New Hampshire. 258 00:14:47,280 --> 00:14:51,560 Speaker 1: I'm Joe Matthew. This is Bloomberg. You're listening to The 259 00:14:51,560 --> 00:14:55,720 Speaker 1: Bloomberg Sound on podcast. Catch the program live weekdays at 260 00:14:55,720 --> 00:14:59,240 Speaker 1: one Eastern on Bloomberg Radio, the tune in app, Bloomberg 261 00:14:59,320 --> 00:15:02,120 Speaker 1: dot Com, and a Bloomberg Business app. You can also 262 00:15:02,200 --> 00:15:05,640 Speaker 1: listen live on Amazon Alexa from our flagship New York station, 263 00:15:06,160 --> 00:15:08,920 Speaker 1: Just say Alexa play Bloomberg eleven thirty. 264 00:15:10,120 --> 00:15:12,520 Speaker 2: Who was a Monday night out at mar A Lago 265 00:15:12,760 --> 00:15:15,000 Speaker 2: for the new Speaker of the House. You see this 266 00:15:15,160 --> 00:15:19,840 Speaker 2: Mike Johnson, according to multiple reports, dining with the former president, 267 00:15:19,880 --> 00:15:23,120 Speaker 2: well at least needing. I'm sure they had to break 268 00:15:23,200 --> 00:15:25,680 Speaker 2: red right, they met at mar A Lago. Of course, 269 00:15:25,720 --> 00:15:29,840 Speaker 2: this follows Mike Johnson's endorsement of Donald Trump last week, 270 00:15:31,120 --> 00:15:35,200 Speaker 2: bringing us back to his words in twenty fifteen, Mike 271 00:15:35,320 --> 00:15:40,200 Speaker 2: Johnson said Trump lacks the character This is a quote, 272 00:15:40,840 --> 00:15:43,680 Speaker 2: lacks the character and moral center we desperately need again 273 00:15:44,040 --> 00:15:47,120 Speaker 2: in the White House unquote. I guess it went well 274 00:15:47,240 --> 00:15:50,720 Speaker 2: enough that he's endorsed Donald Trump's reelection and of course 275 00:15:52,800 --> 00:15:57,640 Speaker 2: moved to decertify the electoral results in twenty twenty. So 276 00:15:57,720 --> 00:16:00,720 Speaker 2: the question is, did Donald Trump just endorse the lattered 277 00:16:00,800 --> 00:16:03,880 Speaker 2: c R. Let's reassemble our panel. Rick Davis and Genie 278 00:16:03,880 --> 00:16:07,760 Speaker 2: Shanzino are with us Bloomberg Politics contributors. Rick, what do 279 00:16:07,800 --> 00:16:10,360 Speaker 2: you think when you hear the new Speaker following the 280 00:16:10,400 --> 00:16:14,400 Speaker 2: path of Kevin McCarthy flying down to mar Alago. I 281 00:16:14,440 --> 00:16:16,680 Speaker 2: realize he's been touring the country trying to raise money, 282 00:16:16,680 --> 00:16:19,680 Speaker 2: but this particular meeting is significant. What does it mean 283 00:16:19,760 --> 00:16:20,920 Speaker 2: for his agenda in the House. 284 00:16:21,920 --> 00:16:24,080 Speaker 8: Yeah, I mean it's interesting to watch today some of 285 00:16:24,120 --> 00:16:26,520 Speaker 8: the spin I mean, his staff are all out saying, 286 00:16:26,560 --> 00:16:28,800 Speaker 8: oh no, he was down there for a fundraiser for 287 00:16:28,880 --> 00:16:31,480 Speaker 8: Billy Ricus, and you know, he just happened to be 288 00:16:31,520 --> 00:16:35,080 Speaker 8: in mar Alago and just happened to bump into Donald 289 00:16:35,080 --> 00:16:37,840 Speaker 8: Trump and they had a short conversation. I mean, like, 290 00:16:38,280 --> 00:16:42,080 Speaker 8: it's really amazing to see how he's trying to massage 291 00:16:42,080 --> 00:16:45,560 Speaker 8: this as being not like a cow towing to Trump 292 00:16:45,680 --> 00:16:50,240 Speaker 8: like you mentioned former Speaker McCarthy did in front of 293 00:16:50,280 --> 00:16:53,120 Speaker 8: all of us. So look, I mean, you knew this 294 00:16:53,200 --> 00:16:55,720 Speaker 8: was going to happen at some point in time. Marlog 295 00:16:56,000 --> 00:16:58,920 Speaker 8: is the center of the Republican Party these days as 296 00:16:58,960 --> 00:17:02,720 Speaker 8: far as fundraising go, and so you know, I'm not 297 00:17:02,800 --> 00:17:06,199 Speaker 8: surprised that they had this opportunity. Remember too, you know, 298 00:17:06,680 --> 00:17:09,080 Speaker 8: Donald Trump put his finger on the scale because the 299 00:17:09,240 --> 00:17:15,879 Speaker 8: other option, Congressman Emmer for speaker, was someone who absolutely 300 00:17:17,200 --> 00:17:20,840 Speaker 8: had a bad relationship with Donald Trump. And so in 301 00:17:20,880 --> 00:17:23,520 Speaker 8: many of these situations, as you well know, it's not 302 00:17:23,720 --> 00:17:26,320 Speaker 8: the candidate you want, it's the candidate that is less 303 00:17:26,400 --> 00:17:28,160 Speaker 8: bad as the one who's running against him. 304 00:17:28,920 --> 00:17:29,200 Speaker 1: Yeah. 305 00:17:29,240 --> 00:17:31,639 Speaker 2: Well, I'll tell you, I wonder, Genie, with all the 306 00:17:31,720 --> 00:17:34,920 Speaker 2: questions about can Joe Biden work with this new speaker, 307 00:17:35,359 --> 00:17:38,320 Speaker 2: what does it say when he shows up at mar 308 00:17:38,359 --> 00:17:42,080 Speaker 2: A Lago with Donald Trump about that happening? 309 00:17:43,800 --> 00:17:46,320 Speaker 9: Well, you know, I think I don't know why everybody's 310 00:17:46,359 --> 00:17:48,800 Speaker 9: so surprised. I think Donald Trump has done a lot 311 00:17:48,880 --> 00:17:52,640 Speaker 9: since the twenty fifteen statement when Magic Mike was where 312 00:17:52,680 --> 00:17:55,560 Speaker 9: Maga Mike was worried about his ethics to assure all 313 00:17:55,640 --> 00:17:58,399 Speaker 9: of us that he is an ethical individual. Hence the 314 00:17:58,440 --> 00:18:01,760 Speaker 9: turnabout about Maga Mike and heading down there. I mean, 315 00:18:01,800 --> 00:18:05,199 Speaker 9: the reality is, this is him. He needs to do this. 316 00:18:05,320 --> 00:18:08,160 Speaker 9: He's got to be out there fundraising as the news speaker, 317 00:18:08,400 --> 00:18:11,840 Speaker 9: He's trying to meet donors, many of them are in Florida, 318 00:18:12,000 --> 00:18:14,240 Speaker 9: not just this time of the year, but all around. 319 00:18:14,480 --> 00:18:17,359 Speaker 9: And of course that requires that he not only endorsed 320 00:18:17,400 --> 00:18:20,480 Speaker 9: Donald Trump as he did as you mentioned last week, 321 00:18:20,800 --> 00:18:23,560 Speaker 9: but also go down there and kiss the ring of 322 00:18:23,600 --> 00:18:26,040 Speaker 9: Donald Trump. It's not going to impact all. I don't 323 00:18:26,080 --> 00:18:29,439 Speaker 9: believe his dealings with Joe Biden anyway than it already 324 00:18:29,480 --> 00:18:33,199 Speaker 9: would have. I mean, let's not forget Mike Johnson was 325 00:18:33,440 --> 00:18:39,399 Speaker 9: one of the individuals in the House pushing this preposterous 326 00:18:39,480 --> 00:18:41,600 Speaker 9: legal theory. I mean, there's no other way to describe it. 327 00:18:41,640 --> 00:18:44,200 Speaker 9: Even the conservatives on the Supreme Court scratch their head 328 00:18:44,520 --> 00:18:47,080 Speaker 9: saying that Joe Biden didn't win the election. So I 329 00:18:47,080 --> 00:18:49,280 Speaker 9: don't think it's any surprise that he goes down there, 330 00:18:49,520 --> 00:18:51,800 Speaker 9: nor that he turns around based on what he said 331 00:18:51,840 --> 00:18:54,840 Speaker 9: in twenty fifteen, just like Kevin McCarthy before him and 332 00:18:54,960 --> 00:18:57,520 Speaker 9: kiss Donald Trump's ring, regardless of what they said about 333 00:18:57,560 --> 00:18:58,120 Speaker 9: him earlier. 334 00:18:58,640 --> 00:19:01,520 Speaker 2: Well, let's talk money here. That's apparently what the trip was, 335 00:19:01,840 --> 00:19:04,359 Speaker 2: at least in part about Rick Davis. We know that 336 00:19:04,440 --> 00:19:06,640 Speaker 2: Mike Johnson's been traveling the country and he's got big 337 00:19:06,640 --> 00:19:09,480 Speaker 2: shoes to fill because Kevin McCarthy, if you don't know 338 00:19:09,520 --> 00:19:14,160 Speaker 2: this about him, was a prolific and remains a prolific fundraiser. Now, 339 00:19:14,200 --> 00:19:17,800 Speaker 2: remember this is we had numbers from October emerged last night, 340 00:19:17,800 --> 00:19:19,199 Speaker 2: and we're going to walk through the money here for 341 00:19:19,240 --> 00:19:23,800 Speaker 2: a moment. The nrcc rex says it raised five million 342 00:19:23,840 --> 00:19:26,679 Speaker 2: dollars in October. That's three million shy of the d 343 00:19:26,800 --> 00:19:29,919 Speaker 2: Triple C. But that also took place when there was 344 00:19:30,480 --> 00:19:34,000 Speaker 2: essentially no speaker. This was the month of chaos. Some 345 00:19:34,040 --> 00:19:36,840 Speaker 2: folks thought there might not be a dollar donated. Is 346 00:19:36,880 --> 00:19:38,560 Speaker 2: this good news for Mike Johnson? 347 00:19:39,960 --> 00:19:43,359 Speaker 8: You know, it's not horrible news in the sense that, yeah, 348 00:19:43,720 --> 00:19:47,480 Speaker 8: it's not zero, which it could have been, and most 349 00:19:47,520 --> 00:19:51,640 Speaker 8: of that money. The five million came via transfers from 350 00:19:51,720 --> 00:19:55,440 Speaker 8: other Republican campaign accounts, so you're kind of stealing from 351 00:19:55,480 --> 00:19:57,880 Speaker 8: Peter to pay Paul. You're taking it out of one 352 00:19:57,920 --> 00:20:01,400 Speaker 8: of a campaign account to put it into the nrccs. 353 00:20:01,800 --> 00:20:04,560 Speaker 8: And that's a standard practice. Everybody gets done for money, 354 00:20:05,280 --> 00:20:08,640 Speaker 8: and RCC puts it into more competitive races. 355 00:20:08,160 --> 00:20:09,520 Speaker 7: Than a lot of these guys have. 356 00:20:10,080 --> 00:20:13,680 Speaker 8: So but look, I mean, it has been a great 357 00:20:13,680 --> 00:20:15,920 Speaker 8: couple of months for the Republican Caucus and the House 358 00:20:15,960 --> 00:20:19,600 Speaker 8: of Representatives, and fundraising i'm sure is drying up. 359 00:20:19,600 --> 00:20:20,280 Speaker 1: As a result. 360 00:20:20,640 --> 00:20:24,200 Speaker 8: And you take, as you said, the most prolific Republican 361 00:20:24,240 --> 00:20:29,159 Speaker 8: fundraiser of anybody other than Mitch McConnell and kick him 362 00:20:29,160 --> 00:20:33,600 Speaker 8: out of his job. Kevin McCarthy, something's going to happen 363 00:20:33,920 --> 00:20:38,399 Speaker 8: to give, and money is the thing. Johnson is an 364 00:20:38,560 --> 00:20:45,520 Speaker 8: untested speaker, both legislatively and fundraising wise, and so that's 365 00:20:45,520 --> 00:20:47,119 Speaker 8: one of the reasons that he was down in mar 366 00:20:47,119 --> 00:20:50,040 Speaker 8: A Lago. He's got to start earning his spurs with 367 00:20:50,560 --> 00:20:53,600 Speaker 8: raising money, and too soon to tell, but by year 368 00:20:53,720 --> 00:20:57,320 Speaker 8: end he has got to show progress with the NRCC 369 00:20:57,960 --> 00:20:59,960 Speaker 8: for a war chest going into twenty twenty four. 370 00:21:01,680 --> 00:21:03,359 Speaker 2: A loll of your thoughts on what appeared to be 371 00:21:03,359 --> 00:21:05,639 Speaker 2: a pretty good month for Democrats, Jeannie, the d triple 372 00:21:05,680 --> 00:21:08,600 Speaker 2: CS I mentioned raised over eight million dollars has forty 373 00:21:08,600 --> 00:21:11,800 Speaker 2: seven million dollars on hand. On the Senate side, the 374 00:21:11,880 --> 00:21:16,400 Speaker 2: DSCC the NRSC both raised the same amount, but Democrats 375 00:21:16,440 --> 00:21:20,520 Speaker 2: have significantly more on hand fifteen million compared to seven 376 00:21:20,560 --> 00:21:25,200 Speaker 2: million dollars. How do you read these results from October? 377 00:21:26,920 --> 00:21:29,640 Speaker 9: It's a good sign for Democrats. Of course, it's going 378 00:21:29,720 --> 00:21:33,000 Speaker 9: to be a very very tough year, particularly in the 379 00:21:33,040 --> 00:21:36,600 Speaker 9: Senate for Democrats, but also in the House. I mean, 380 00:21:36,920 --> 00:21:39,320 Speaker 9: you know, there are seats that they are going to 381 00:21:39,480 --> 00:21:43,080 Speaker 9: have to defend in both cases that make this a 382 00:21:43,160 --> 00:21:46,720 Speaker 9: tough year, and so they need all that money. They 383 00:21:46,760 --> 00:21:49,359 Speaker 9: were smart in the House, for instance, in the way 384 00:21:49,440 --> 00:21:52,920 Speaker 9: that they did the transition from Hakeem from Nancy Pelosi 385 00:21:53,000 --> 00:21:56,360 Speaker 9: rather to Hakeem Jeffries. And they have worked, by all accounts, 386 00:21:56,560 --> 00:22:01,160 Speaker 9: very very closely. She like Kevin McCarthy, a prol lific fundraiser, 387 00:22:01,440 --> 00:22:04,639 Speaker 9: and you want to keep those people close and build 388 00:22:04,720 --> 00:22:09,000 Speaker 9: on their fundraising prowess and the connections they have. And 389 00:22:09,080 --> 00:22:11,159 Speaker 9: so that's what we see. Mike Johnson out there on 390 00:22:11,160 --> 00:22:14,159 Speaker 9: the Republican side trying to do. Of course, he starts 391 00:22:14,160 --> 00:22:17,880 Speaker 9: out a bit behind, but I think he will likely 392 00:22:17,920 --> 00:22:19,879 Speaker 9: make up. You know, I have to say in this case, 393 00:22:20,160 --> 00:22:23,480 Speaker 9: I think the bigger challenge on the Republican side is 394 00:22:23,600 --> 00:22:27,520 Speaker 9: not necessarily the fundraising, as critically important as that is. 395 00:22:27,920 --> 00:22:30,680 Speaker 9: It's what you were just talking to Spencer about. It's 396 00:22:30,720 --> 00:22:35,320 Speaker 9: the reality is that if Republicans are going to nominate 397 00:22:35,440 --> 00:22:38,160 Speaker 9: people like they seem prepared to nominate out in Arizona, 398 00:22:38,240 --> 00:22:41,320 Speaker 9: Carrie Lake, it's going to not matter as much how 399 00:22:41,400 --> 00:22:44,359 Speaker 9: much money they have when they need to go and 400 00:22:45,000 --> 00:22:48,639 Speaker 9: get these seats, and that is very very difficult. Candidates matter, 401 00:22:49,040 --> 00:22:52,280 Speaker 9: and you go down tomorrow Lago, you kiss Donald Trump's ring, 402 00:22:52,640 --> 00:22:55,040 Speaker 9: and you know who he is going to go for. 403 00:22:55,280 --> 00:22:58,320 Speaker 9: It's an election denier. And the question is do people 404 00:22:58,520 --> 00:23:01,240 Speaker 9: really want to go to the polls and and vote 405 00:23:01,240 --> 00:23:04,480 Speaker 9: for a senator or representative who said that Donald Trump 406 00:23:04,560 --> 00:23:06,879 Speaker 9: won the twenty twenty election. It hasn't been a winning 407 00:23:06,920 --> 00:23:09,919 Speaker 9: strategy thus far. So money matters an awful lot, but 408 00:23:10,000 --> 00:23:13,040 Speaker 9: candidate quality matters, and that I think is a bigger 409 00:23:13,040 --> 00:23:16,000 Speaker 9: issue for Republicans who now have an election denier at 410 00:23:16,040 --> 00:23:18,119 Speaker 9: the top of the House as well well. 411 00:23:18,200 --> 00:23:21,520 Speaker 2: Rick, some conservative Republicans are raising money on the discord 412 00:23:21,560 --> 00:23:24,960 Speaker 2: within their own conference. Look no further than chip Roy, 413 00:23:25,840 --> 00:23:28,880 Speaker 2: who's out with a fundraising emails as I didn't come 414 00:23:28,880 --> 00:23:31,800 Speaker 2: here to act like the Democrats, and of course we're 415 00:23:31,840 --> 00:23:34,800 Speaker 2: still recovering from his stem winder on the floor before 416 00:23:34,960 --> 00:23:37,680 Speaker 2: everybody left town. Here's Congressman chip Roy. 417 00:23:37,760 --> 00:23:41,040 Speaker 8: I want my Republican colleagues to give me one thing, 418 00:23:41,600 --> 00:23:44,840 Speaker 8: one that I can go campaign on and say we did. 419 00:23:46,240 --> 00:23:46,520 Speaker 5: One. 420 00:23:47,320 --> 00:23:49,200 Speaker 2: I don't know if you want to try to name one, Rick, 421 00:23:49,280 --> 00:23:51,720 Speaker 2: but apparently the speaker wasn't too happy about that speech. 422 00:23:51,720 --> 00:23:54,480 Speaker 2: What does that say about what he's going to return 423 00:23:54,600 --> 00:23:55,800 Speaker 2: to next month. 424 00:23:57,280 --> 00:23:59,720 Speaker 8: I think he's chip Roy's going to be chip Roy, right, 425 00:24:00,119 --> 00:24:02,480 Speaker 8: And whether or not he can influence the rest of 426 00:24:02,480 --> 00:24:06,560 Speaker 8: the caucus is I think of the limited value, right. 427 00:24:06,600 --> 00:24:08,679 Speaker 8: I mean, he hasn't really been able to influence the 428 00:24:08,720 --> 00:24:12,879 Speaker 8: caucus since throwing Kevin McCarthy out of the job. That's why. So, 429 00:24:13,400 --> 00:24:17,600 Speaker 8: you know, uh excited in that speech because he realizes, 430 00:24:17,640 --> 00:24:19,240 Speaker 8: I think for the first time in a while, that 431 00:24:19,400 --> 00:24:22,040 Speaker 8: he actually doesn't have any pull. And as long as 432 00:24:22,160 --> 00:24:26,359 Speaker 8: Johnson continues to pull Democratic votes for passage of important 433 00:24:26,359 --> 00:24:28,200 Speaker 8: things like appropriations bills. 434 00:24:28,760 --> 00:24:28,879 Speaker 1: Uh. 435 00:24:29,240 --> 00:24:33,040 Speaker 8: And he'll he'll be fine, Chip Roy will lose his 436 00:24:33,160 --> 00:24:37,119 Speaker 8: voice because he screams too much, and and and the 437 00:24:37,160 --> 00:24:40,280 Speaker 8: Republicans will continue to pass legislation that can actually get 438 00:24:40,320 --> 00:24:41,240 Speaker 8: signed by the President. 439 00:24:42,160 --> 00:24:44,920 Speaker 2: Rick Davis and Genie Shanzano with us on the fastest 440 00:24:44,920 --> 00:24:45,840 Speaker 2: show in Politics. 441 00:24:48,880 --> 00:24:52,359 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us 442 00:24:52,400 --> 00:24:55,600 Speaker 1: live weekdays at one Eastern on Bloomberg dot Com, the 443 00:24:55,640 --> 00:24:58,760 Speaker 1: iHeartRadio app, and the Bloomberg Business App. We're listening on 444 00:24:58,800 --> 00:25:00,720 Speaker 1: demand wherever you get podcast. 445 00:25:01,920 --> 00:25:03,600 Speaker 2: Nice to see you, Kayley, who of course is with 446 00:25:03,720 --> 00:25:06,080 Speaker 2: us for the second hour of Sound on every day. 447 00:25:06,080 --> 00:25:08,960 Speaker 2: We've got breaking news, as Charlie mentioned on a couple 448 00:25:08,960 --> 00:25:10,919 Speaker 2: of fronts. Actually we're going to talk about all of 449 00:25:10,920 --> 00:25:14,520 Speaker 2: these with Congressman Brad Sherman to review quickly. Here the 450 00:25:14,600 --> 00:25:16,840 Speaker 2: FED making news here, and it does seem like they're 451 00:25:17,400 --> 00:25:19,080 Speaker 2: all singing the same tune. 452 00:25:19,280 --> 00:25:23,600 Speaker 10: Yeah, essentially that they do intend to keep rates restrictive. Obviously, 453 00:25:23,680 --> 00:25:26,680 Speaker 10: the conversation with the Fed very much has turned from 454 00:25:26,800 --> 00:25:28,840 Speaker 10: a question as to whether or not the Fed could 455 00:25:28,920 --> 00:25:33,240 Speaker 10: intend to hike rates further. It seems like they likely 456 00:25:33,840 --> 00:25:35,920 Speaker 10: will not, but they're leaving the door open to doing 457 00:25:35,960 --> 00:25:37,560 Speaker 10: so if they need to. It becomes a question of 458 00:25:37,560 --> 00:25:39,920 Speaker 10: how long they have to keep rates high. And really 459 00:25:39,960 --> 00:25:43,040 Speaker 10: the key paragraph here from the minutes is that participants 460 00:25:43,119 --> 00:25:46,160 Speaker 10: judge it was critical that the stance of monetary policy 461 00:25:46,160 --> 00:25:50,200 Speaker 10: be kept sufficiently restrictive to return inflation to the two 462 00:25:50,280 --> 00:25:53,160 Speaker 10: percent objective, and they could proceed carefully. But the idea 463 00:25:53,240 --> 00:25:56,080 Speaker 10: here is that rates could stay restrictive for some time. 464 00:25:56,240 --> 00:25:58,879 Speaker 2: Yes, right, and you should see what it's like to 465 00:25:58,920 --> 00:26:01,399 Speaker 2: sit near Kayley when the and it's come out just 466 00:26:01,520 --> 00:26:04,280 Speaker 2: like a the right down to the seventh paragraph where 467 00:26:04,280 --> 00:26:06,760 Speaker 2: the goods are thank you for that. We'll talk to 468 00:26:06,800 --> 00:26:09,400 Speaker 2: Brad Sherman about that. He wears a couple of important 469 00:26:09,440 --> 00:26:11,560 Speaker 2: hats for us here when it comes to foreign affairs 470 00:26:11,600 --> 00:26:15,520 Speaker 2: and financial services, and in terms of geopolitics today we're 471 00:26:15,520 --> 00:26:18,679 Speaker 2: waiting for a breaker. It hasn't happened yet, but the 472 00:26:18,720 --> 00:26:22,080 Speaker 2: headlines are becoming more encouraging. Egypt now as a read 473 00:26:22,119 --> 00:26:25,200 Speaker 2: on the terminal Egypt's Foreign Press Office citing progress in 474 00:26:25,280 --> 00:26:30,320 Speaker 2: hostage talks. This is happening as we speak. The President 475 00:26:30,359 --> 00:26:33,520 Speaker 2: talked about it earlier today at an unrelated event. It 476 00:26:33,560 --> 00:26:36,280 Speaker 2: was a counter narcotics event he was holding, and he 477 00:26:36,400 --> 00:26:38,679 Speaker 2: opened with this. You can tell how important it is 478 00:26:38,680 --> 00:26:40,960 Speaker 2: to him. Here's Joe Biden from earlier working on. 479 00:26:41,119 --> 00:26:44,680 Speaker 3: This intensively for weeks. As you all know, I've spoken 480 00:26:44,760 --> 00:26:48,000 Speaker 3: recently about it of both the primers of Mennato and 481 00:26:48,600 --> 00:26:52,520 Speaker 3: a mirror cutter. My team is headed the region shutting 482 00:26:53,040 --> 00:27:00,879 Speaker 3: shuttling exchange capital. We're now very close, very close. It 483 00:27:00,960 --> 00:27:03,320 Speaker 3: could bring me in Leiu Sausage's home. 484 00:27:03,240 --> 00:27:08,200 Speaker 2: There soon, very soon. The word Kayley that we hear 485 00:27:08,320 --> 00:27:10,399 Speaker 2: from the President not unlike what he said yesterday on 486 00:27:10,440 --> 00:27:13,320 Speaker 2: the rope line, leading us to believe truly this could 487 00:27:13,680 --> 00:27:14,800 Speaker 2: guess happen any minute. 488 00:27:15,080 --> 00:27:17,280 Speaker 10: Yeah, we know that the Israeli cabinet is going to 489 00:27:17,320 --> 00:27:20,320 Speaker 10: be assembling this evening. It does seem like the indication 490 00:27:20,480 --> 00:27:22,719 Speaker 10: is this could be a decision that is announced on 491 00:27:22,800 --> 00:27:25,000 Speaker 10: the side of Israel and a moss rather than coming 492 00:27:25,040 --> 00:27:28,280 Speaker 10: directly from the White House. But we're essentially just waiting 493 00:27:28,280 --> 00:27:30,560 Speaker 10: for news and literally, Joe, it could come any minute. 494 00:27:30,560 --> 00:27:32,919 Speaker 2: Well, that's where we begin our conversation with Brad Sherman, 495 00:27:33,000 --> 00:27:35,440 Speaker 2: the gentleman from California is with us. Of course, Democrat 496 00:27:36,000 --> 00:27:39,320 Speaker 2: from the thirty second districts. I love California Congressman. It's 497 00:27:39,359 --> 00:27:42,160 Speaker 2: good to see you as we hear from the president today, 498 00:27:42,160 --> 00:27:44,280 Speaker 2: and we understand that this agreement could take on a 499 00:27:44,280 --> 00:27:48,400 Speaker 2: couple of phases. I wonder your thoughts on this idea 500 00:27:48,640 --> 00:27:55,480 Speaker 2: of releasing I believe three Palestinian prisoners for one Israeli 501 00:27:55,520 --> 00:27:57,800 Speaker 2: hostage is that what we need now. 502 00:28:00,359 --> 00:28:05,160 Speaker 5: Israel, being a democracy, is certainly very vulnerable when hostages 503 00:28:05,160 --> 00:28:09,359 Speaker 5: are taken. They're overwhelming political pressures to get the hostages back. 504 00:28:10,200 --> 00:28:12,680 Speaker 5: When this happened, I was not sure they would get 505 00:28:12,680 --> 00:28:19,800 Speaker 5: any of them back. And when a soldier blidlid Chalite 506 00:28:20,280 --> 00:28:23,080 Speaker 5: about a decade ago was part of an exchange, it 507 00:28:23,119 --> 00:28:26,160 Speaker 5: was one thousand to one ratio close to that. So 508 00:28:27,359 --> 00:28:31,520 Speaker 5: I think it matters a lot who is being released 509 00:28:31,560 --> 00:28:36,840 Speaker 5: by Israel. And of course, some of those released a 510 00:28:36,880 --> 00:28:39,920 Speaker 5: decade ago are on the front lines and planning some 511 00:28:40,000 --> 00:28:44,040 Speaker 5: of the worst attacks against Israel this time. The five 512 00:28:44,120 --> 00:28:47,680 Speaker 5: day cease fire I think makes sense. It's a chance 513 00:28:47,760 --> 00:28:54,000 Speaker 5: to resupply and to provide humanitarian aid, and I think 514 00:28:54,040 --> 00:29:00,920 Speaker 5: it shows that those who called for a ceasefire without 515 00:29:00,960 --> 00:29:04,560 Speaker 5: any hostage release turned out to be wrong, because we'll 516 00:29:04,560 --> 00:29:07,080 Speaker 5: get the five day sees fired with the hostage release. 517 00:29:09,120 --> 00:29:12,200 Speaker 10: Well, you say, a Congressman that the ceasefire is an 518 00:29:12,240 --> 00:29:16,000 Speaker 10: opportunity to resupply in terms of humanitarian aid going into Gaza, 519 00:29:16,040 --> 00:29:18,960 Speaker 10: But theoretically it also is an opportunity for Hamas to 520 00:29:19,040 --> 00:29:22,880 Speaker 10: resupply and regroup as well. I just wonder there has 521 00:29:22,960 --> 00:29:25,280 Speaker 10: to be an offset here, right for the release of 522 00:29:25,320 --> 00:29:27,600 Speaker 10: the hostages to broker this kind of pause in the 523 00:29:27,600 --> 00:29:30,080 Speaker 10: fighting at the very least for a number of days, 524 00:29:30,080 --> 00:29:34,040 Speaker 10: does it risk potentially exacerbating the conflict as it moves forward. 525 00:29:35,360 --> 00:29:38,560 Speaker 5: This will make it more difficult for Israel to achieve 526 00:29:38,560 --> 00:29:43,360 Speaker 5: its military objectives. It will create more danger for Israel 527 00:29:43,400 --> 00:29:49,959 Speaker 5: Defense forces soldiers. But if fifty hostages are released, I 528 00:29:49,960 --> 00:29:51,720 Speaker 5: think that's a decision in Israel will make. 529 00:29:53,600 --> 00:29:56,880 Speaker 2: This would come with apparently a second phase as well, Congressman, 530 00:29:57,600 --> 00:30:01,480 Speaker 2: that could see up to another fifty is hostages released 531 00:30:02,000 --> 00:30:05,920 Speaker 2: in exchange for a longer ceasefire. What are you comfortable 532 00:30:05,960 --> 00:30:09,040 Speaker 2: with there when we talk about a longer term ceasefire 533 00:30:09,080 --> 00:30:12,680 Speaker 2: and could that be the start of a more meaningful 534 00:30:13,040 --> 00:30:13,760 Speaker 2: peace agreement. 535 00:30:15,640 --> 00:30:18,360 Speaker 5: Well, to get a meaningful peace agreement to Moss would 536 00:30:18,400 --> 00:30:21,680 Speaker 5: have to renounce its own charter and say that it 537 00:30:21,760 --> 00:30:25,800 Speaker 5: wants to live alongside Israel, rather than their current charter, 538 00:30:25,880 --> 00:30:30,120 Speaker 5: which calls for them to kill every Jew between the 539 00:30:30,240 --> 00:30:34,239 Speaker 5: river and the sea, between the Jordan River and the 540 00:30:34,280 --> 00:30:39,040 Speaker 5: Mediterranean Sea. I think that at the same time, I 541 00:30:39,040 --> 00:30:42,280 Speaker 5: think the whole world wants this violence to end, and 542 00:30:42,360 --> 00:30:47,520 Speaker 5: if we could negotiate a two state solution, that would 543 00:30:47,520 --> 00:30:52,080 Speaker 5: be an outstanding outcome. But I don't know how long 544 00:30:52,160 --> 00:30:53,960 Speaker 5: a second ceasefire would. 545 00:30:53,840 --> 00:30:59,440 Speaker 11: Last, nor do I know how that would impact Israeli 546 00:30:59,440 --> 00:31:04,680 Speaker 11: military operations. But ultimately, a mosque cannot be left in 547 00:31:04,720 --> 00:31:09,200 Speaker 11: control of Gaza, and being a democracy, Israel will make 548 00:31:09,280 --> 00:31:13,840 Speaker 11: extraordinary concessions, even concessions dangerous to its own military, in 549 00:31:13,920 --> 00:31:18,000 Speaker 11: order to get hostages out. And if those concessions also 550 00:31:18,480 --> 00:31:19,240 Speaker 11: are able. 551 00:31:19,000 --> 00:31:23,840 Speaker 5: To alleviate civilian suffering, that is that is a good 552 00:31:23,840 --> 00:31:26,360 Speaker 5: result as well. 553 00:31:26,480 --> 00:31:26,720 Speaker 3: Well. 554 00:31:26,720 --> 00:31:30,040 Speaker 10: Of course, Congressmen, some of these hostages in question are Americans. 555 00:31:30,040 --> 00:31:32,560 Speaker 10: We know that the administration has been working very closely 556 00:31:32,960 --> 00:31:35,960 Speaker 10: in this effort. Yet we have also seen as recently 557 00:31:36,000 --> 00:31:38,480 Speaker 10: as this week, polling that indicates there is a great 558 00:31:38,520 --> 00:31:43,240 Speaker 10: deal of disapproval with the Biden administration's handling of this conflict. 559 00:31:43,240 --> 00:31:45,840 Speaker 10: In fact, there are more that disapprove of what Biden 560 00:31:45,880 --> 00:31:49,360 Speaker 10: has done in regard to this war between Israel and Hamas. What, 561 00:31:49,400 --> 00:31:52,280 Speaker 10: if anything, should the administration change here? How much power 562 00:31:52,320 --> 00:31:55,840 Speaker 10: realistically does it have to influence the decisions of Israel 563 00:31:55,880 --> 00:31:56,440 Speaker 10: at this moment. 564 00:31:57,240 --> 00:31:59,600 Speaker 5: Well, I did my own poll at my last town hall. 565 00:32:01,400 --> 00:32:05,120 Speaker 5: Well over fifty percent approved of how Biden was handling this, 566 00:32:05,200 --> 00:32:08,400 Speaker 5: and what was interesting is equal numbers. About twenty percent 567 00:32:08,440 --> 00:32:11,760 Speaker 5: on each side disapproved, but for different reasons. Twenty percent 568 00:32:11,840 --> 00:32:14,960 Speaker 5: thought he should be more pro Palestine and the other 569 00:32:15,600 --> 00:32:18,440 Speaker 5: thought twenty percent thought he should be more pro Israel. 570 00:32:18,880 --> 00:32:21,720 Speaker 5: And I think that that's what's reflected. Whenever you ask 571 00:32:21,800 --> 00:32:25,720 Speaker 5: do people to prove they may disapprove for a variety 572 00:32:25,760 --> 00:32:29,600 Speaker 5: of different reasons, but ultimately people want to live in 573 00:32:29,600 --> 00:32:33,200 Speaker 5: a peaceful world. They hold the president of the United 574 00:32:33,240 --> 00:32:36,480 Speaker 5: States responsible for whether things are going well in the world, 575 00:32:37,040 --> 00:32:39,520 Speaker 5: and obviously things aren't going well in the Middle East. 576 00:32:39,840 --> 00:32:42,200 Speaker 5: October sixth was a peaceful day and it hasn't been 577 00:32:42,200 --> 00:32:45,440 Speaker 5: peaceful since. So I think when people reflect on it, 578 00:32:45,440 --> 00:32:49,760 Speaker 5: they'll realize that it's not the responsibility of the American 579 00:32:49,960 --> 00:32:55,160 Speaker 5: President to gather intelligence on Hamasa that was primarily the 580 00:32:55,200 --> 00:32:59,360 Speaker 5: responsibility of the Israeli government, and that no president can 581 00:32:59,440 --> 00:33:02,680 Speaker 5: guarantee that there aren't foreign crises. Now that this crisis 582 00:33:02,720 --> 00:33:05,440 Speaker 5: has developed them, we'd feel better about Biden if it 583 00:33:05,480 --> 00:33:08,920 Speaker 5: hadn't developed. But now that it's developed, the question is 584 00:33:08,960 --> 00:33:11,560 Speaker 5: how well are we reacting to it? And I think 585 00:33:11,600 --> 00:33:16,320 Speaker 5: the President is handling it very well, supporting Israel and 586 00:33:16,360 --> 00:33:19,600 Speaker 5: at the same time trying to protectively at lives. 587 00:33:20,560 --> 00:33:23,800 Speaker 2: We're spending time with Congressman Brad Sherman, the Democrat from California, 588 00:33:23,840 --> 00:33:28,360 Speaker 2: with us on Bloomberg Live Today. Congressman, the matter of 589 00:33:28,400 --> 00:33:31,280 Speaker 2: funding to support Israel as a whole separate conversation, and 590 00:33:31,280 --> 00:33:33,280 Speaker 2: it's one that you're going to have to face again 591 00:33:34,000 --> 00:33:37,400 Speaker 2: when Congress gets back into session following Thanksgiving. Your new 592 00:33:37,480 --> 00:33:40,360 Speaker 2: speaker sees things differently than the White House and the 593 00:33:40,400 --> 00:33:42,920 Speaker 2: Senate for that matter, and brought, of course, Israel funding 594 00:33:42,920 --> 00:33:46,440 Speaker 2: to the floor as a standalone. I wonder what you're 595 00:33:46,440 --> 00:33:49,600 Speaker 2: hearing if there's any path forward to get this done 596 00:33:49,720 --> 00:33:51,600 Speaker 2: by the end of the year, either as a standalone 597 00:33:51,680 --> 00:33:53,400 Speaker 2: or coupled with Ukraine and the rest. 598 00:33:54,800 --> 00:33:57,760 Speaker 5: I think the President has an excellent package of aid 599 00:33:57,800 --> 00:34:02,160 Speaker 5: to Israel, aid to Ukraine, humanitarian assistance for a number 600 00:34:02,160 --> 00:34:05,520 Speaker 5: of problems around the world, and additional money to be 601 00:34:05,560 --> 00:34:08,400 Speaker 5: spent at the border. I'd like to vote for it 602 00:34:08,440 --> 00:34:10,960 Speaker 5: all as one bill, but if it's brought up in 603 00:34:11,239 --> 00:34:15,160 Speaker 5: two or three bills at the House floor, we could 604 00:34:15,200 --> 00:34:19,479 Speaker 5: pass them all separately. Biden could sign them together. What 605 00:34:19,560 --> 00:34:23,920 Speaker 5: we can't see is a situation where you pit Israel 606 00:34:24,120 --> 00:34:27,879 Speaker 5: aid on the one hand with domestic needs on the other. 607 00:34:28,400 --> 00:34:31,319 Speaker 5: Because if we're ever in a situation where in order 608 00:34:31,360 --> 00:34:35,120 Speaker 5: to vote to provide defense assistance to Israel, you have 609 00:34:35,200 --> 00:34:38,560 Speaker 5: to vote to cut food stamps or the IRS or 610 00:34:38,560 --> 00:34:45,680 Speaker 5: any domestic program that sets Israel up for eventually a 611 00:34:45,680 --> 00:34:48,480 Speaker 5: failure in the United States Congress, and I'll point out 612 00:34:49,360 --> 00:34:52,920 Speaker 5: the speaker trying to finance aid to Israel by cutting 613 00:34:53,000 --> 00:34:57,839 Speaker 5: IRS audits in the view of the Congressional Budget Office, 614 00:34:57,840 --> 00:35:01,040 Speaker 5: and I think almost all observers had the of doubling 615 00:35:01,160 --> 00:35:04,520 Speaker 5: to tripling the cost. You don't offset the costs by 616 00:35:04,560 --> 00:35:07,520 Speaker 5: reducing audits. 617 00:35:07,560 --> 00:35:12,000 Speaker 10: So clearly, Congressman the House, I'm sorry to interrupt you. Obviously, 618 00:35:12,080 --> 00:35:13,200 Speaker 10: the House has a lot of work. 619 00:35:13,840 --> 00:35:16,600 Speaker 5: I had the second largest tax agency in the country 620 00:35:16,600 --> 00:35:19,080 Speaker 5: for five years, so I have a little background and 621 00:35:19,120 --> 00:35:20,760 Speaker 5: the importance of the audits. Go ahead. 622 00:35:22,520 --> 00:35:25,000 Speaker 10: I know you have a lot you're focusing on in 623 00:35:25,040 --> 00:35:26,960 Speaker 10: that body, and you will be when you return to 624 00:35:27,080 --> 00:35:29,799 Speaker 10: Washington as a body next week. I do don't want 625 00:35:29,840 --> 00:35:32,720 Speaker 10: to touch on the news of today because it relates 626 00:35:32,760 --> 00:35:35,080 Speaker 10: to a subject I know that you very much like 627 00:35:35,120 --> 00:35:37,120 Speaker 10: to talk about. That would be crypto. There is a 628 00:35:37,160 --> 00:35:42,080 Speaker 10: deal between the DOJ, Treasury, the CFTC related to finance 629 00:35:42,200 --> 00:35:44,840 Speaker 10: and CZ. That deal including CZ, who of course is 630 00:35:44,880 --> 00:35:47,400 Speaker 10: the CEO and founder of that exchange, pleading guilty to 631 00:35:47,480 --> 00:35:51,520 Speaker 10: criminal charges and stepping down. You think that's adequate, sir, 632 00:35:51,640 --> 00:35:52,280 Speaker 10: that settlement. 633 00:35:54,040 --> 00:35:57,319 Speaker 5: It might be for that particular case, but ultimately we 634 00:35:57,440 --> 00:36:03,879 Speaker 5: cannot have crypto become a medium of exchange, especially as 635 00:36:03,920 --> 00:36:06,879 Speaker 5: it's designed. I mean, the very name says cryptocurrency needs 636 00:36:06,960 --> 00:36:11,000 Speaker 5: hidden money. And when you have unhosted wallets, when those 637 00:36:11,040 --> 00:36:15,520 Speaker 5: wallets are anonymous where you cannot know your customer because 638 00:36:15,719 --> 00:36:18,799 Speaker 5: the customer is just a vague number, you have a 639 00:36:18,960 --> 00:36:23,160 Speaker 5: system that can prosper only if it captures the biggest 640 00:36:23,200 --> 00:36:26,200 Speaker 5: market for hidden money, which is tax evasion. Not that 641 00:36:26,239 --> 00:36:30,800 Speaker 5: there aren't also other important markets, sanctions of Asian drug dealing, 642 00:36:31,560 --> 00:36:34,960 Speaker 5: hiding money from spouse's in the worst matters, etc. And 643 00:36:35,040 --> 00:36:41,120 Speaker 5: so I don't see a need for another currency, except 644 00:36:41,960 --> 00:36:46,359 Speaker 5: if you need hidden currency for all those purposes I 645 00:36:46,360 --> 00:36:51,359 Speaker 5: identified when Sambank bin Freed was arrested. I pointed out 646 00:36:51,360 --> 00:36:54,440 Speaker 5: that the crypto world was telling us Sambank Ban Freed 647 00:36:54,560 --> 00:36:58,120 Speaker 5: was just one snake in a garden of Eden. The 648 00:36:58,200 --> 00:37:01,560 Speaker 5: fact is cry a garden of stakes. 649 00:37:04,120 --> 00:37:07,120 Speaker 2: Last question for you in our final moment than Congressman 650 00:37:07,160 --> 00:37:07,920 Speaker 2: what should happen to. 651 00:37:07,880 --> 00:37:14,600 Speaker 5: CZ I'm not involved in the details of that, so 652 00:37:14,600 --> 00:37:15,360 Speaker 5: I don't really have to be. 653 00:37:17,960 --> 00:37:20,840 Speaker 2: It's good to see again Brad Sherman, the Congressman from California. 654 00:37:20,920 --> 00:37:23,919 Speaker 2: We thank you for being with us on Bloomberg. Never 655 00:37:24,000 --> 00:37:26,959 Speaker 2: one to shy away from a common on crypto camp. 656 00:37:27,680 --> 00:37:29,800 Speaker 10: Yeah, that's absolutely true, and of course there'll be a 657 00:37:29,880 --> 00:37:32,719 Speaker 10: lot more conversation on crypto throughout the day to day. Joe, 658 00:37:32,800 --> 00:37:35,319 Speaker 10: as at three pm, we are expecting a joint press 659 00:37:35,320 --> 00:37:38,000 Speaker 10: conference with Mary Garland, of course, the Attorney General and 660 00:37:38,440 --> 00:37:41,239 Speaker 10: Treasury Secretary Jannet Yellen. I would just point out that 661 00:37:41,280 --> 00:37:43,400 Speaker 10: though there has been a settlement with Treasury, DJ and 662 00:37:43,440 --> 00:37:47,320 Speaker 10: the CFTC. There's still an ongoing sec CANS case civil 663 00:37:47,400 --> 00:37:50,040 Speaker 10: charges that have been brought against Finance and those would 664 00:37:50,040 --> 00:37:53,040 Speaker 10: not theoretically be resolved by this agreement. So this is 665 00:37:53,080 --> 00:37:55,399 Speaker 10: far from over, which means I'm going to keep talking 666 00:37:55,440 --> 00:37:57,319 Speaker 10: about it. Yeah, make you talk about it here. 667 00:37:58,360 --> 00:38:00,400 Speaker 2: You know, Nathan Deane's going to come in next substrict. 668 00:38:00,440 --> 00:38:01,560 Speaker 2: We're going to get into this again. 669 00:38:01,760 --> 00:38:01,960 Speaker 11: Yep. 670 00:38:02,440 --> 00:38:04,840 Speaker 2: Is that is his Financial Services Committee going to do 671 00:38:04,880 --> 00:38:06,759 Speaker 2: something about crypto next year. 672 00:38:06,880 --> 00:38:08,799 Speaker 10: Well, they passed the bills out of committee. It becomes 673 00:38:08,840 --> 00:38:11,200 Speaker 10: a question of whether the whole House is going to 674 00:38:11,239 --> 00:38:12,560 Speaker 10: bring this to the floor. But of course they have 675 00:38:12,600 --> 00:38:13,960 Speaker 10: a lot of other work they have to do, so 676 00:38:13,960 --> 00:38:15,480 Speaker 10: I'm not sure where this is on the rank and 677 00:38:15,560 --> 00:38:16,480 Speaker 10: the priority. 678 00:38:16,200 --> 00:38:17,680 Speaker 2: Got to fund the government and that stuff. 679 00:38:17,760 --> 00:38:20,879 Speaker 12: Yeah, thanks for listening to the Sound On podcast. Make 680 00:38:20,880 --> 00:38:23,840 Speaker 12: sure to subscribe if you haven't already, at Apple, Spotify 681 00:38:23,920 --> 00:38:26,359 Speaker 12: and anywhere else you get your podcasts. And you can 682 00:38:26,360 --> 00:38:29,359 Speaker 12: find us live every weekday from Washington, DC at one 683 00:38:29,400 --> 00:38:30,160 Speaker 12: pm Eastern 684 00:38:30,200 --> 00:38:33,920 Speaker 2: Time at Bloomberg dot com.