Speaker 1: Now from our nation's capital. This is Bloomberg's sound on
Speaker 1: Democrats will have a majority in the Senate and I
Speaker 1: will once again be majority leader. The victory is for
Speaker 1: Nevada and all of us, all the hard work that
Speaker 1: we put into it. We have still a slim path
Speaker 1: to keeping the House. He's gonna show Nancy Pelosi the
Speaker 1: door very short. Bloomberg's sound on politics, policy and perspective
Speaker 1: from DC's top names. We were candid and clear with
Speaker 1: one another across the board. We need to charge the
Speaker 1: right course for the China U S relationship. Bloomberg Sound
Speaker 1: On with Joe Matthew on Bloomberg Radio. Democrats keep the
Speaker 1: Senates and still no call on the House. Welcome to
Speaker 1: the fastest hour in politics, as we dissect the deciding
Speaker 1: Senate race with the Dean of Nevada Politics, John Ralston
Speaker 1: of the Nevada Independent, keeping an eye on votes still
Speaker 1: being counted out West and laid or. The meeting of
Speaker 1: the minds today in Bali will be joined by Kurt Tong,
Speaker 1: former U S Ambassador for Asia Pacific Economic Cooperation. On
Speaker 1: what President's Biden and she accomplished today, If anything, we
Speaker 1: cover it all with our signature panel Bloomberg Politics contributors
Speaker 1: Rick Davis and Gen Chanzano where this for the hour.
Speaker 1: Still no call on which party controls the U. S.
Speaker 1: House on this Monday, but Republicans are awfully closed six
Speaker 1: seats away from the two eight team needed to control
Speaker 1: the Chamber, and Congresswoman for Millagaya Paul, the Democrat from California,
Speaker 1: chairs the progressive caucus in the House, says Democrats still
Speaker 1: have a path. We have still a slim path to
Speaker 1: keeping the House. I recognize as slim, but it's still possible.
Speaker 1: There is no question that this will be the most
Speaker 1: progressive Democratic caucus in decades. So you're saying there's a chance.
Speaker 1: We'll talk a little bit later more specifically about this.
Speaker 1: Democrats would have to run the table, which again could
Speaker 1: happen with a lot of votes left account in California especially,
Speaker 1: We could be talking about this still this time next week. Yeah.
Speaker 1: It was one week ago tonight, no tomorrow, that Kevin
Speaker 1: McCarthy declared victory and we're still actually not there yet.
Speaker 1: Different story, of course, in the Senate was big news
Speaker 1: over the weekend. First they got Arizona Mark Kelly the
Speaker 1: race call the Senator will keep his job. It can
Speaker 1: be tempting to remain focused on the things that divide us,
Speaker 1: but we've seen the consequences that calm when leaders refused
Speaker 1: to accept the truth and focus more on conspiracies of
Speaker 1: the past than solving the challenges that we face today.
Speaker 1: Beats Republican Blake Masters, who I believe has no plans
Speaker 1: to concede, at least not yet. While in Nevada, the
Speaker 1: senator said to be the most vulnerable Democrat in the country,
Speaker 1: Catherine Cortez Masto, gets it done. This election. Nevaden's rejected
Speaker 1: the far right politicians working to divide us, eating Adam
Speaker 1: laxalt who again pretty sure has not conceded. Let's bring it,
Speaker 1: John roused to the CEO of the Nevada Independent. John's
Speaker 1: a journalist and an executive at the Nevada Independent, also
Speaker 1: the dean of Nevada Political Journalists and back with us.
Speaker 1: He was here last week and we promised we get
Speaker 1: back together to read through some of the the leaves here. John,
Speaker 1: welcome back to Bloomberg. Nice So as Adam Laxalts called
Speaker 1: you to concede, yet he has not called me, nor
Speaker 1: is he called Catherine Cordez mask don nor has he
Speaker 1: put out any public statements, and it's about I don't know,
Speaker 1: it's all the time runs together for me, Joe, but
Speaker 1: I think it's about a one and a half days
Speaker 1: since the race was called, suggesting he may never concede.
Speaker 1: I'm not sure about that. I think he wants to
Speaker 1: do something else. My guest, because it's ally potentially has
Speaker 1: done is run for office, and so my guest as
Speaker 1: he wants to run for something, So I doubt will
Speaker 1: keep this up that long. Well, as you look back
Speaker 1: here on the last couple of days in some of
Speaker 1: the analysis that we've heard, nobody's deeper into these uh,
Speaker 1: these districts than you are. When you when you look
Speaker 1: at the people who actually voted, and why did this
Speaker 1: have more to do with you know, quote unquote saving
Speaker 1: democracy as the president likes to say, or was this
Speaker 1: actually about policy? Were people talking about the accomplishments of democrats?
Speaker 1: Or or was it neither of those? Well, when races
Speaker 1: are relatively close, and the major ones in Nevada were closed,
Speaker 1: it's hard to single out one factor, and you can
Speaker 1: try to parse it with exit polling or friends, but
Speaker 1: the bottom line is is that in the US Senate race,
Speaker 1: which is very close. Catherine cortest Master did point out
Speaker 1: that anim lacks all this an election deny in some
Speaker 1: of the down ballot races that were also very close
Speaker 1: for constitutional offices. Uh, the Democrats did point out that
Speaker 1: there were elections den i ares running against them. Um,
Speaker 1: you know the governor's race here, which is the only
Speaker 1: really feather on the Republican Party's camp this time. Uh,
Speaker 1: it was more a case of a governor hobbled by
Speaker 1: COVID and and and uh hangover as I call it,
Speaker 1: with the economy that really cost him that race. I
Speaker 1: think there were some other factors too, But I just
Speaker 1: think that you know, when people like me try to
Speaker 1: pick apart these races, that it's just very difficult to
Speaker 1: tell that there's only a few thousand votes. So ticket
Speaker 1: splitting them was a big part of the story. In Nevada.
Speaker 1: I think ticket splutters were a big part of the story.
Speaker 1: I thought there would be, uh Cortes Masso Lombardo, Joe Lombardo,
Speaker 1: Republican candidate for governor. Voters that seems to have been
Speaker 1: born out. We're doing on a at the Nevada Independent.
Speaker 1: We're doing a story about that. We're interviewing people who
Speaker 1: split their tickets, and I it was a real phenomenon
Speaker 1: near the top of the ticket. And I think I
Speaker 1: don't know if you heard from Chuck Schumer over the weekend,
Speaker 1: but he spoke shortly after the Arizona and Nevada races
Speaker 1: were called. He said there were three reasons why Democrats
Speaker 1: maintained their majority in the Senate. Here he is one,
Speaker 1: our terrific candidates. Two A the our agenda and our accomplishments.
Speaker 1: And three the American people rejected the anti democratic extremist
Speaker 1: MAGA Republicans. Do you buy Chuck Schumer's version of this election?
Speaker 1: John Well? The first thing he said was certainly true
Speaker 1: in Nevada. And it's really one of those old political
Speaker 1: cliches that people say, and it's not always true, but
Speaker 1: it is in this case. Candidates matter, Campaigns matter. Catherine
Speaker 1: Cortez Masco's campaign was far superior to Adam Laxas, and
Speaker 1: it needed to be in a year in which the
Speaker 1: Democrats we're facing really really tough headwinds. She did everything
Speaker 1: that she needed to do to make sure that she
Speaker 1: kid get over the top. She barely did it. What's
Speaker 1: the status of the Republican Party in Nevada coming out
Speaker 1: of this election? The Republican Party in Nevada has been uh,
Speaker 1: somewhat of a joke for probably a decade and a half,
Speaker 1: and that the only reason that that Republicans win in
Speaker 1: this state is if they have a great campaign team
Speaker 1: and they run a near flawless campaign because the Democrats
Speaker 1: have so many institutional and infrastructure advantages. So you know,
Speaker 1: when you see people going to Republican Party going out
Speaker 1: there and bragging about winning races for lieutenant governor and controller,
Speaker 1: which are two of the most useless state offices, you
Speaker 1: know that they're they're in a bad shape. Yeah. I
Speaker 1: didn't think we'd be talking about the controller position in
Speaker 1: this interview. Maybe we'll bring him back and do that.
Speaker 1: John Ralston, thank you, CEO of the Nevada Independent. Getting
Speaker 1: things started in our Monday edition. Here looking back on
Speaker 1: Nevada and Arizona, we assemble our panel. Jeanie Schanz know
Speaker 1: when Rick Davis are both back with us Bloomberg Politics
Speaker 1: contributors having survived election week, although I guess election week
Speaker 1: never actually ended. Genie, Uh, what's the takeaway from states
Speaker 1: like Nevada, where we were told candidates like Katherine Cortez
Speaker 1: Masta were about to be fired because they were vulnerable,
Speaker 1: their stories were not resonating, and the president was dragging
Speaker 1: them down. Well, well, what it suggests, and and again
Speaker 1: the the win is by about six thousand, so extremely close,
Speaker 1: and it's notable that he has not conceded yet. But um,
Speaker 1: what it suggests is that candidates matter, the issue of
Speaker 1: denialism matters. Democracy was on the ballot, and that extremism
Speaker 1: was able to overcome the negatives for Democrats on the
Speaker 1: economy and inflation, which was very, very real. And so
Speaker 1: it ended up not being necessarily a referendum on Biden
Speaker 1: as much as a referendum on the Republican Party, the
Speaker 1: Trump wing of the party, and that didn't vote so
Speaker 1: well for Republicans, although again very very narrowly in the
Speaker 1: state like Nevada. All the while, Joe Lombardo wins the
Speaker 1: race for governor. Here, the Democrat Steve Ceciliac, who got
Speaker 1: the same rally from Barack Obama that that Cortez Masto got,
Speaker 1: lost the race. How do we rationalize that? Yeah, I'm
Speaker 1: not so sure. It's a a referendum on the Republican
Speaker 1: Party a little bit more of a referendum on Donald Trump.
Speaker 1: You know where he left his mark? Uh, it was
Speaker 1: usually something negative for the candidate, and so I think
Speaker 1: that helps explain some of what was going on with
Speaker 1: voters when they they And I think that it's pretty
Speaker 1: easy to assume that if you were an election denier,
Speaker 1: you were an election denier because of your fealty to
Speaker 1: Trump and so being uh, you know, maga supermga mega,
Speaker 1: maga whatever it is is it was was a real
Speaker 1: hang up on this election, and that would explain why
Speaker 1: in some cases candidates ran away from that and did
Speaker 1: frankly pretty well. And then those that said, no, no,
Speaker 1: I'm election denier and I believe everything Donald Trump tells me.
Speaker 1: H um, you know, fair very poorly. It seems like
Speaker 1: the postmortem goes easier for Republicans than it does for Democrats, Genie,
Speaker 1: isn't it. It's difficult for Democrats to really delineate. You know,
Speaker 1: Joe Biden will tell you, oh my gosh, you know,
Speaker 1: we got the we got the the the infrastructure deal,
Speaker 1: we got the Inflation Reduction Act, we got the burn pits,
Speaker 1: we got gun control, I'm not sure people were talking
Speaker 1: about or even aware of a lot of those accomplishments.
Speaker 1: If you see them as such, Republicans in many cases
Speaker 1: thought they were policies that moved us in the wrong direction.
Speaker 1: What can Joe Biden actually take credit for, Well, he
Speaker 1: can take credit for getting out there and talking about abortion,
Speaker 1: talking about extremism, talking about Mega maga as Rick was
Speaker 1: just talking about. Um, those issues, those are the ones
Speaker 1: that resonated with voters, because you're right, when it comes
Speaker 1: to some of the issues foreign policy, crime, inflation, immigration,
Speaker 1: the border, by and large, voters feel that they can
Speaker 1: trust Republicans more than that. And that's what I mean
Speaker 1: when I say it really ended up being a referendum
Speaker 1: on the Republican Party that Donald Trump runs, and that's
Speaker 1: how many people saw many of these candidates. But again,
Speaker 1: I think we need to stress a very very narrow
Speaker 1: victory in some of these states, and they're still counting
Speaker 1: nineteen House races at this moment, that's right, and and
Speaker 1: we're going to get to the House in a moment here, Rick,
Speaker 1: do you remember when the President went to Philadelphia delivered
Speaker 1: that speech in front of Independence Hall bathed in blood,
Speaker 1: red lighting It was heavy duty rhetoric, and he was
Speaker 1: panned for it as being decisive. Was that, in fact
Speaker 1: the right speech to give at that moment? Yeah, I
Speaker 1: mean probably not. Um. I think it's you know, the
Speaker 1: reaction was so negative at the time, you wonder, you know,
Speaker 1: did it turn people off? Um? You know, but this
Speaker 1: has been a study drumbeat since the convention, you know,
Speaker 1: two years ago the nominated you know, President Biden. This
Speaker 1: was going to be a theme that the Democrats pushed,
Speaker 1: regardless of how much traction it could get. Maybe it
Speaker 1: did pay off Rick and Jeni or whether us For
Speaker 1: the hour, We're gonna turn to Arizona next. It's a
Speaker 1: whole different deck of carves there, and carry Lake is
Speaker 1: hanging on as we also keep an eye on what's
Speaker 1: happening in the house. When will we get a call?
Speaker 1: I'm Joe Matthew. This is Bloomberg. You're listening to Bloomberg.
Speaker 1: You sound on with Joe Matthew on Bloomberg Radio. They
Speaker 1: still have not called the governor's race in Arizona. To
Speaker 1: be clear, the Senate race did go to Mark Kelly,
Speaker 1: the Democrat, but we're still waiting for a call in
Speaker 1: the race between Carry Lake, the Republican, the Donald Trump
Speaker 1: endorsed election denier, and Katie Hobbs, the Democrat who's in
Speaker 1: fact currently the Secretary of State. Just looking at the
Speaker 1: numbers of your Hobbs is still ahead by one percentage point.
Speaker 1: Although carry Lake did a little bit of narrowing earlier.
Speaker 1: We expect another dump tonight here. Carry Lake, though doesn't
Speaker 1: appear prepared to concede this race should she lose it,
Speaker 1: having accused Maricopa County election workers of slow rolling the
Speaker 1: count She says it should be election day and on
Speaker 1: election week. Here we are a week later, and uh boy,
Speaker 1: just not making a lot of friends with establishment Republicans.
Speaker 1: While she's added, of course, remembering, this is the former
Speaker 1: television news anchor in Phoenix in Arizona calling out what
Speaker 1: the grandfather, the godfather of politics in Arizona this was,
Speaker 1: I don't even know what this event was, but with
Speaker 1: supporters and tweeted out an edited version tweeted out by
Speaker 1: a guy named Tony Connie who was a deputy campaign
Speaker 1: director in Arizona for Joe Biden. So this came from
Speaker 1: a Democrat, but remarkable language. Nonetheless, we don't have any
Speaker 1: McCaine Republicans in here, do we all right? Didn't you
Speaker 1: want to hit the hell out? It was the party
Speaker 1: of McCaine and it was it was bad boy. Arizona
Speaker 1: has delivered some losers, haven't they, and then goes on
Speaker 1: to point out Wendy Rogers, a white nationalist who she
Speaker 1: calls a hero, uh standing in the crowd. Rick Davis,
Speaker 1: of course knows a thing or two about Arizona politics.
Speaker 1: He's part of our signature panel with Jeanie Schanzano. What's
Speaker 1: the purpose of insulting John McCain here, Rick, When, oh
Speaker 1: my gosh, I didn't think you could be a Republican
Speaker 1: in Arizona without embracing John McCain. Well, there's certainly at
Speaker 1: least twenty five thousand Republicans in Arizona that identify as
Speaker 1: McCain Republicans, and that's what she needed to be able
Speaker 1: to win this election. It looks like so, uh look,
Speaker 1: I mean, you know, she she was an outsider. She
Speaker 1: did not want to uh embrace a movement that's won
Speaker 1: every election that John McCain never entered, four re elections
Speaker 1: of the Senate, to presidential primaries, and a congressional election
Speaker 1: so you know his track records, I think pretty clear.
Speaker 1: I think his last reelection in sixteen he won by
Speaker 1: fourteen points. That's just a little more than votes. Um
Speaker 1: the bear of the party. You know. I scratch my head.
Speaker 1: I have the same question. Why in the world would
Speaker 1: anyone run for office and say they don't want your vote?
Speaker 1: I mean, it's just like defies logic. She said, get
Speaker 1: the hell out. I mean if anyone raised their hand
Speaker 1: at that point, But that is a different campaign strategy
Speaker 1: for sure. Actually, I'd love to meet the person who
Speaker 1: to raise her hand, because that's the bravest person in
Speaker 1: the state of Arizona. No doubt, I'll see myself out.
Speaker 1: I don't know, Jeannie, look this, there could be a call,
Speaker 1: I guess imminently. Here. Are we gonna just delve into
Speaker 1: an endless legal battle no matter what happens. No, I
Speaker 1: think she'll just accept defeat gracefully. Why not? No, I
Speaker 1: think she's going to continue to fight. I mean, this
Speaker 1: is her brand. If she had nothing to fight against,
Speaker 1: what would she be out there saying? Because what she's
Speaker 1: not doing is she's not telling people what she's going
Speaker 1: to do as governor. She's not asking for their vote.
Speaker 1: She's just shaming people who she feels don't support her.
Speaker 1: And you know, it really gets down to and so
Speaker 1: many of these races that Republicans have eaten, this case,
Speaker 1: you know, looks like maybe narrowly lost. It looks like
Speaker 1: Katie has liked votes ahead of her. It's the choice
Speaker 1: of these primary candidates, many of them chosen by Donald Trump.
Speaker 1: And that's what the Republican Party has to contend with.
Speaker 1: How do you stop Donald Trump from choosing people who
Speaker 1: are just you know, going to have fealty to him
Speaker 1: as opposed to being people who can actually win these elections.
Speaker 1: And that's the challenge they faced. Whether it's you know, Michigan,
Speaker 1: whether it's Pennsylvania, whether it's Arizona. You go right down
Speaker 1: the list, New Hampshire. So that's what the Republican Party
Speaker 1: has to contend with as they go forward into Then
Speaker 1: of course there's Georgia. We're still waiting for Georgia. That's
Speaker 1: the Senate race, and there's a runoff coming on the
Speaker 1: sixth of December. You do wonder how invested people like
Speaker 1: Donald Trump might be having endorsed herschel Walker. If you
Speaker 1: vote less, I'm gonna vote with me again. But have
Speaker 1: the people that didn't vote for me need to vote
Speaker 1: for me because they didn't vote with me, they're gonna
Speaker 1: have the government running their life. Rick does does Donald
Speaker 1: Trump go to Georgia as the as the presidential candidate
Speaker 1: just to wait in there and make headlines in Georgia? Well,
Speaker 1: he's done it before. Uh and um, uh, you gotta
Speaker 1: assume he's gonna do it again. He's looking for relevance
Speaker 1: in his own party. Uh, there's no question herschel Walker
Speaker 1: is his candidate, lock Stock and barrel. And so I
Speaker 1: can't imagine him not insisting. Um, which means he just
Speaker 1: flies in there and does it himself. Uh, some presence
Speaker 1: between now and December six, which is the which is
Speaker 1: the runoff. So uh, it's it's it's I don't know
Speaker 1: a single Republican on the national level who thinks that's
Speaker 1: a good idea. But since when did that bother Donald Trump? Right? Uh?
Speaker 1: Raphael Warnock, the Democratic Senator of the Incombing Genie, still
Speaker 1: can't believe this is happen. He's not able to do
Speaker 1: this work. He's damaged that he has neither the competence
Speaker 1: nor the character. He doesn't understand the issues. And what's
Speaker 1: further is he's demonstrated a lack of interest, yet they're
Speaker 1: too close to call Genie. Does it matter what Raphael
Speaker 1: Warnock says over the next three weeks. What's gonna matter
Speaker 1: is can he get his voters out to the polls again?
Speaker 1: Can he pull over some of those vot voters who
Speaker 1: supported the Libertarian And you know what is really fascinating,
Speaker 1: as you had Mitch McConnell calling on Brian Kemp to
Speaker 1: get him to help with getting Herschel Walker quote unquote
Speaker 1: over the line this time. And so Brian Kemp is
Speaker 1: doing that. He is giving support to Walker, which he
Speaker 1: did not do before. So this is going to be
Speaker 1: a real battle to the end, even though control doesn't
Speaker 1: depend on it any longer. That's gonna make Trump want
Speaker 1: to go just for that reason alone, not letting Briant
Speaker 1: Kemp take credit for this if it happens. Rick and
Speaker 1: Jeanie will be here for the hour. We have a
Speaker 1: lot more to talk about with our signature panel as
Speaker 1: we turn our attention to geo politics. Next President's Biden
Speaker 1: and She together today in Bali. This is Bloomberg. So
Speaker 1: they met for three hours it actually seemed pleased to
Speaker 1: see each other when President's Biden and she first met
Speaker 1: front of the camera's a little handshake and some small
Speaker 1: talk and then business. We were candid and clear with
Speaker 1: one another across the board. And I do not think
Speaker 1: there's any imminent attempt on the part of China to
Speaker 1: invade Taiwan. I made it clear that we want to
Speaker 1: see cross trade issues peacefully resolved and uh and so
Speaker 1: it never has to come to that. From the news
Speaker 1: conference in Bali that you saw and heard live on Bloomberg,
Speaker 1: President Biden feeling pretty good about things coming off the
Speaker 1: election and now telling our partners in the jeetswey that
Speaker 1: America is back at the table, and he says they
Speaker 1: were honest with each other. We were very blund with
Speaker 1: one another about places where we disagreed or where we
Speaker 1: were uncertain of each other's position, and we agreed we'd
Speaker 1: set up and we did mechanisms whereby we would meet
Speaker 1: in detail with our key people in each of our
Speaker 1: administrations to discuss how we could resolve them. Sounds like
Speaker 1: some progress, but what does this lead to. I want
Speaker 1: to talk to Kurt Tong about all of the managing
Speaker 1: partner at the Asia Group. Former US Consul General in
Speaker 1: Hong Kong and Macau, former US Ambassador for Asia Pacific
Speaker 1: Economic Cooperation Ambassador, welcome back to Bloomberg. Thank you very much. So,
Speaker 1: no imminent invasion of Taiwan, an agreement that nuclear weapons
Speaker 1: should not be used in Ukraine, and what I am
Speaker 1: interpreting is a general sense of interest in avoiding a
Speaker 1: cold war or worse between the United States and China.
Speaker 1: Both presidents seem interested in moving beyond this current standoff.
Speaker 1: Did you read it that way? Have the US and
Speaker 1: China seen the worst of their relationship? Well, I think
Speaker 1: in the short term at least they they succeeded in
Speaker 1: their shared mission the two leaders of to use a phrase,
Speaker 1: putting a floor under the relationship and limiting the short
Speaker 1: term downside risk that that constant friction over a range
Speaker 1: of issues, most importantly Taiwan, could lead to a cycle
Speaker 1: of deterioration that would lead to outright conflict. So so
Speaker 1: that that is a mission accomplished by the two of them.
Speaker 1: So they succeeded in lowering the temperature. If nothing else, well,
Speaker 1: they lowered the temperature. I think they also succeeded in
Speaker 1: reaching some shared understandings which existed previously but were reaffirmed
Speaker 1: on important topics, most importantly Taiwan, where the United States
Speaker 1: repeated the full mantra of its policy and China did
Speaker 1: the same. And that eases the fact that there are
Speaker 1: in fact red lines intersecting over the Taiwan issue, but
Speaker 1: there is there are diplomatic positions that each side takes
Speaker 1: that uses the pressure. There there was a sense that
Speaker 1: Beijing was accelerating its schedule in reincorporating Taiwan. Do you
Speaker 1: take President she at his worth, um well, taking him
Speaker 1: at his word or not? What what I think? The
Speaker 1: analysis that China had a specific timetable or that timetable
Speaker 1: was accelerating is in fact not correct analysis. I think
Speaker 1: China was becoming increasingly concerned that Taiwan was slipping through
Speaker 1: its fingers and that Taiwan might at some point declare
Speaker 1: de facto or de jura independence, thereby forcing from the
Speaker 1: Chinese perspective, forcing them to act, which is something that
Speaker 1: I don't feel like China is prepared to do. The best.
Speaker 1: Military analysts really questioned the reliability with which China might
Speaker 1: think that it could take Taiwan back um without great
Speaker 1: risk of failure, and that I think is really there's
Speaker 1: there's a lot more caution on all sides than than
Speaker 1: some of the the media reporting has indicated. We know
Speaker 1: that China cut off many routine contacts with the US
Speaker 1: after Speaker Nancy Felosi went to Taiwan, and those contacts
Speaker 1: are being re engaged now. For starters, were we in
Speaker 1: worse shape than you thought at the time, And what
Speaker 1: happens if these delegations continue to visit Taiwan as have
Speaker 1: been promised. I think it depends on the nature of
Speaker 1: the delegation and the degree of the of the steps
Speaker 1: being taken by Taiwan. Importantly, Taiwan has elections coming up,
Speaker 1: headed towards the presidential election in about one year, and
Speaker 1: so all of these things are potential destabilizers. Potent congressional action,
Speaker 1: the changes Taiwan's status under US law well now perhaps
Speaker 1: less likely given the results of the mid term are
Speaker 1: also a destabilizer. But the stabilizer is fundamentally the shared
Speaker 1: interests of both nations in avoiding an outright conflict, which
Speaker 1: could be a disaster for all concerns. Vladimir Putin is
Speaker 1: watching this, of course, what will this meeting with Joe
Speaker 1: Biden do to the She Putin relationship, Well, one could
Speaker 1: hope that it would chastise Putin and make him realize
Speaker 1: that that that from China's perspective, it's relationship with the
Speaker 1: United States is vitally important, even as China values the
Speaker 1: relationship with Russia. That's what one could hope for. I'm
Speaker 1: not optimistic actually, given Vladimir Putin's mindset. Ambassador Kurt Tong,
Speaker 1: we thank you for the time once again on Bloomberg.
Speaker 1: Look forward to doing it again. Thank you. Take care.
Speaker 1: I want to assemble the panel for a quick take
Speaker 1: on this. Rick Davis and Jeanie Schanzano are here. Uh,
Speaker 1: this seems to be another win in kind of a
Speaker 1: string for Joe Biden. Is he's riding the momentum in
Speaker 1: the G twenty Rick, what's the takeaway for him? Yeah,
Speaker 1: just think about this. I mean, we're at the Olympics
Speaker 1: and there's this, you know, significant deal cut between Putin
Speaker 1: and g to be sort of the access of evil
Speaker 1: against the rest of the world. We're gonna drive you
Speaker 1: all out of business, and and and just a few
Speaker 1: short months, i mean almost one year later. Um, you've
Speaker 1: got a situation at the G twenty where Putin doesn't
Speaker 1: even show up because he's so embarrassed and can't face
Speaker 1: the rest of the world. And she's sitting down for
Speaker 1: three hours with the President of States and actually saying
Speaker 1: nice things. I mean like that is an extraordinary movement
Speaker 1: of world affairs in one short year. So I can
Speaker 1: just say, you know, let's hope it stays on this track,
Speaker 1: because avoiding conflict is the number one issue. That's right.
Speaker 1: Did Joe Biden buy some time on Taiwan Jini? He
Speaker 1: absolutely did, And this is a right key point in
Speaker 1: our US China relations. And he seems to have crossed
Speaker 1: that mountain, across that bridge. And good for Joe Biden,
Speaker 1: Ricky Genie, stay with us our signature panel. Next, Mike
Speaker 1: Pence breaks his silence. If I can call it that
Speaker 1: on Donald Trump, this is Bloomberg. You're listening to Bloomberg.
Speaker 1: You sound on with Joe Matthew on Bloomberg Radio. The
Speaker 1: two headlines in the competing newspapers tell the whole story.
Speaker 1: New York Times Pence says Trump was reckless in assailing him.
Speaker 1: On January six, Washington Post Pence is slowly arriving critique
Speaker 1: of Trump is his party's entire problem. He went for
Speaker 1: it today, Mike Pence. A lot of people are saying,
Speaker 1: where have you been. Well, it turns out he's selling
Speaker 1: a book and sitting for an exclusive interview here with
Speaker 1: ABC News. I gotta a little peek behind the curtain
Speaker 1: on this kind of thing. They actually have rules for
Speaker 1: using this because it airs later tonight, I guess, and
Speaker 1: I have to follow the rules if I want to
Speaker 1: use any of it, even though there's this thing called
Speaker 1: fair use out there. But there are nine rules, as
Speaker 1: I read for people playing portions of the interview from
Speaker 1: ABC News. Hang on, let's get to Mike Pence here.
Speaker 1: You know, I guess the one that applies to me
Speaker 1: here the excerpt must be introduced in an exclusive interview
Speaker 1: with World News tonight anchor David Muir. So I got
Speaker 1: that all right, so we can play it now. He's
Speaker 1: asked about the tweet. David Muir asking Mike Pence about
Speaker 1: the tweet as he's hiding in the bowels of the
Speaker 1: Capitol when the President sent the salvo here that Mike
Speaker 1: Pence did not do what he should have done to
Speaker 1: protect him in codifying the election. This was clearly you know,
Speaker 1: this is the big question. He knew was coming here.
Speaker 1: Maybe it was rehearsed, maybe not, but things got really
Speaker 1: spent a lot of time thinking about it and gave
Speaker 1: his answer that anngered me. But I turned to my
Speaker 1: daughter who was standing nearby, and I said, it doesn't
Speaker 1: take courage to break the law. Takes courage to uphold
Speaker 1: the law. I mean, the present's words were reckless. It's
Speaker 1: clear he decided to be part of the problem. Mhm.
Speaker 1: He's done a lot of interviews, the fireside chats, speeches,
Speaker 1: but this was really the the most he has said
Speaker 1: about this. Remember the tweet, Mike pat This is the
Speaker 1: Trump tweet that day, January six, uh pm, at the
Speaker 1: worst of the siege. Mike Pence did not have the
Speaker 1: courage to do what should have been done. Let's reassemble
Speaker 1: the panel here, Rick and Janie are with us. Like,
Speaker 1: what's the name of a book? I've had it in
Speaker 1: front of me. Something very predictable, actually, uh, Rick Davis.
Speaker 1: Should Mike Pence have said this a year or you
Speaker 1: willgo So help me God is the name of the book.
Speaker 1: Thank you, and and so help me God. He should
Speaker 1: have said this when it was happening. I mean, the
Speaker 1: man went on, I mean, the President United States was
Speaker 1: was under a uh an impeachment order by the House
Speaker 1: of Representatives, and this guy stayed silent. I mean, he
Speaker 1: says to his interviewer, it takes courage to obey the law.
Speaker 1: We're all supposed to obey the law. What courage is that?
Speaker 1: I mean, I can't figure this one out. I mean,
Speaker 1: I like Mike Pence. I think he's a good guy,
Speaker 1: but like, silence is consent. Do you ever hear that?
Speaker 1: I mean, and he stayed silent for four years and
Speaker 1: in two weeks and that was two weeks too long.
Speaker 1: And I'm any six. Uh you know what, I like
Speaker 1: to collect books of former UH candidates for office who
Speaker 1: will never go any further. Oh boy, okay, wow, Rick Davis,
Speaker 1: what are you feeling that same way about this genie? Well,
Speaker 1: you know, reckless is quite an understatement. And what are
Speaker 1: we engaged in? Mike Pence is one of the first
Speaker 1: ones out the box in the Invisible Primary, and part
Speaker 1: of the Invisible Primary for twenty four is to put
Speaker 1: out the obligatory book. He has done that. He's getting
Speaker 1: a lot of these interviews um, as you noted this
Speaker 1: one from ABC as you rightly introduced. Um and you know,
Speaker 1: so this is what this is and what didn't Mike
Speaker 1: Pence do? To Rick's point, you know, he waited this
Speaker 1: long to say anything. He also didn't testify before the
Speaker 1: January sixth Committee, the body of Congress designed to get
Speaker 1: for the American public a fair rendition and a fair
Speaker 1: you know, historical and repretation of exactly what happened. Maybe
Speaker 1: he sent them the book. Yeah, I'm sure he will
Speaker 1: do that. Maybe he'll force them to buy it. But
Speaker 1: this says, you know, it's it's a little too late.
Speaker 1: Except this is a political move on his part and
Speaker 1: he's out there doing it. Pretty amazing that this would
Speaker 1: come on the eve of Donald Trump announcing his presidential campaign.
Speaker 1: As do we all still think this is on He's
Speaker 1: not He's not gonna waiver now, is he? Rick? Yeah?
Speaker 1: I would doubt if you'd waiver. Um, he's too embarrassed.
Speaker 1: Now take a step back. You know, this is the
Speaker 1: problem when you get way out in front on something
Speaker 1: because you think, opportunistically, now is the time to get
Speaker 1: all the attention and I'm gonna need right before an
Speaker 1: election and then realize that didn't turn out quite the
Speaker 1: way I had hoped it had. And so rather than
Speaker 1: taking a victory lap and announcing my own campaign, Um,
Speaker 1: you know, he's gonna have a lot of explaining to do.
Speaker 1: And of course none of this will include talking to reporters. So, um,
Speaker 1: he'll have his moment, he'll go off the rails. He'll
Speaker 1: say things that people scratch her and wonder, how do
Speaker 1: you get elected president saying that? And of course he
Speaker 1: did get elected president saying those. He won't be daunted
Speaker 1: at all hearing from. And of course these are familiar
Speaker 1: voices on well somewhat certainly Larry Hogan, the the the
Speaker 1: outgoing Republican governor of Maryland who apparently has his own
Speaker 1: designs on higher office. Uh. He let him have it
Speaker 1: on CNN on State of the Union on Sunday morning.
Speaker 1: His take on the Trump effect. Definition of insanity is
Speaker 1: doing the same thing over and over again expecting a
Speaker 1: different result. And Donald Trump, he kept saying, and we're
Speaker 1: gonna be winning so much, we'll get tired of winning.
Speaker 1: I'm tired of losing. I mean that's all he's done.
Speaker 1: Tired of losing. Chris Sinnu, the Governor of New Hampshire
Speaker 1: uh in his diagnosis of what happened in the election
Speaker 1: with Republican but I think people said was, look, we
Speaker 1: can work on these policies later, but as Americans, we
Speaker 1: gotta fix extremism right now. Ultimately, I think the Democrats
Speaker 1: did a very good job of of defining a lot
Speaker 1: of these candidates before they even had a chance to
Speaker 1: introduce themselves. And when asked on ABC, he said he
Speaker 1: would not support Donald Trump in four Are these the
Speaker 1: comments you would expect to hear from these names? Rick?
Speaker 1: Or is there really something happening in in in a
Speaker 1: large portion of the Republican Party distancing itself from Trump?
Speaker 1: You know, It's just it's amazing to me that here
Speaker 1: we are two years later after a mid term election
Speaker 1: that arguably did not meet Republican expectations, and we're still
Speaker 1: talking about Donald Trump. I mean, you know, and and
Speaker 1: it's kind of like what Governor Hogan said, how many
Speaker 1: elections in two thousand eighteen, two thousand two, one, two
Speaker 1: thousand twenty two do we have to continuously lose and
Speaker 1: still talk about Donald Trump? Um? I just think he
Speaker 1: gets a bye with the party and party leadership, like
Speaker 1: nobody I've ever seen in modern presidential history still not
Speaker 1: on Twitter unless something just happened, Jeannie. He's sticking with truth,
Speaker 1: he says truth social but we're watching Elon Musk of course,
Speaker 1: refer people to the Republican Party here having bought Twitter,
Speaker 1: and a lot of people are thinking that might happen.
Speaker 1: But Ellen is I guess having a hard time as well.
Speaker 1: He's fired close to three thousand, seven hundred people since
Speaker 1: he bought Twitter. He's been threatening bankruptcy, and it sounds like,
Speaker 1: you know, he's going to be in for it for
Speaker 1: some time here. He spoke, uh in one of these
Speaker 1: virtual um summit deals where his face is up on
Speaker 1: the big screen. You know, he's talking on zoom. He's
Speaker 1: at home, and he's he's starting to feel the workload.
Speaker 1: I have too much work on my plate, that is
Speaker 1: for sure. I'm really working at the absolute most amount
Speaker 1: that I can work from morning ful ninth, seven days
Speaker 1: a week. Um, So, is there's not something I'd recommend? Frankly? Um? Yeah,
Speaker 1: Genie is he Okay? It was fascinating his face was glowing.
Speaker 1: It looked like I guess black background. Yeah, like like
Speaker 1: there was candlelight he's you know, apparently over working. Not
Speaker 1: only fired those thousands of people, he tried to hire
Speaker 1: some of them back there lunches for gosh sakes. You know,
Speaker 1: it's it's hard to be him. He's wishing like yeah, yeah,
Speaker 1: so you know, I'm not sure he's all right, but
Speaker 1: but he's hanging in and um, you know, he still
Speaker 1: had quite an audience there for this speech, even though
Speaker 1: he wasn't there in person. But you know, he probably
Speaker 1: is wishing that he could sell his sandals for two
Speaker 1: dollars like they got Steep Jobs for maybe someday, but
Speaker 1: the sandals come with an n f T, which you know,
Speaker 1: I'm sure Steve Jobs himself would have laughed at. Uh.
Speaker 1: It's a great story, by the way, you know, considering
Speaker 1: this idea of Elon firing and then rehiring or unfiring
Speaker 1: people somehow the worst ways to fire your staff. I
Speaker 1: don't know if you guys have ever been fired from
Speaker 1: a job, but this list is incredible. Uh. And of
Speaker 1: course there's it's just impossible to beat this guy who
Speaker 1: ran the company Better do remember this Vishal garg was
Speaker 1: his name, the CEO of Better. This is the guy
Speaker 1: who fired like nine read people on Zoom one day.
Speaker 1: This was this is the second time in my career
Speaker 1: I'm doing this and I do not do not want
Speaker 1: to do this. The last time I did it, I
Speaker 1: cried hope to be stronger by a worker. But we
Speaker 1: are laying off about of the company efficiency and performances.
Speaker 1: If you're on this call, you are part of the
Speaker 1: unlucky group being laid off. Your employment here is terminated,
Speaker 1: effective immediately. That was last year, in the throes of
Speaker 1: the pandemic. There were four rounds of layoffs, as it
Speaker 1: turned out. Real popular guy, he's back. By the way,
Speaker 1: Rick Davis, you work in the business world. You've you've
Speaker 1: moved from politics mostly into business. Is there actually a
Speaker 1: wrong way to fire someone? Yeah? I mean look, I
Speaker 1: mean these companies are part of the community that these
Speaker 1: people live in the community. Uh. For every time you
Speaker 1: have to fire people and maybe downsize, Uh, maybe you
Speaker 1: hope to be able to build that back up and
Speaker 1: you don't want to lose that connection with the community.
Speaker 1: So she Zoom is out. Unless there's a global pandemic.
Speaker 1: Voicemail anybody can you fire by voicemail? Not voicemail and
Speaker 1: not text either. Oh, we'll somehow wake up together again.
Speaker 1: Tomorrow I'll meet you back here. I'm Joe Matthew. This
Speaker 1: is Bloomberg