WEBVTT - Instant Reaction: Trump Touts 'Turnaround' in State of the Union

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>This is a breaking news update from Bloomberg, instant reaction

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<v Speaker 2>and analysis from our three thousand journalists and analysts around

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<v Speaker 2>the world.

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<v Speaker 3>I'm Kaylie lyones alongside Joe Matthew, the President, including his

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<v Speaker 3>speech which lasted just under two hours, setting a new

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<v Speaker 3>record for a State of the Union address. At about

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<v Speaker 3>one hour and forty seven minutes. President Trump now leaving

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<v Speaker 3>the rostrum. He will make his way back up the aisle,

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<v Speaker 3>probably Joe Matthews, shaking hands as he goes, having concluded

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<v Speaker 3>this speech which took us from domestic affairs to geopolitics

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<v Speaker 3>and of course, as the President concluded his speech, through

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<v Speaker 3>two hundred and fifty years of American history.

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<v Speaker 2>That's right, Kayley, as the Chairman of the Joint Chiefs

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<v Speaker 2>and the Chiefs themselves leave the chamber, the President of

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<v Speaker 2>the United States wrapping the longest State of the Union

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<v Speaker 2>address in American history. As I speak to you live

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<v Speaker 2>from Statutory Hall just outside of the House Chamber where

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<v Speaker 2>this is taking place, with the live view of the

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<v Speaker 2>President still taking selfies there with Kat Camick, We're going

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<v Speaker 2>to see all the members stream by. In fact, they're

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<v Speaker 2>just now beginning to leave the room. There were a

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<v Speaker 2>couple of folks who left early in elon Omar and

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<v Speaker 2>some of the other Democrats who are not very happy

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<v Speaker 2>about what the President was saying there. That did Kaylee

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<v Speaker 2>break into a little bit of a call in response

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<v Speaker 2>there as the President feared off the script.

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<v Speaker 4>But you're right.

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<v Speaker 2>He began with the issue that we've been talking about

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<v Speaker 2>every day here on Bloomberg TV and radio for weeks

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<v Speaker 2>and months, and that's affordability. The president of the United

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<v Speaker 2>States talking about getting prices down. He talked about seeing

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<v Speaker 2>gas when he was on the road for less than

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<v Speaker 2>two dollars a gallon, which is not something that many

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<v Speaker 2>Americans enjoy. Saying that our state of the Union is strong,

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<v Speaker 2>and pointing to the end of Dei, among other issues

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<v Speaker 2>that he got to very early in the speech, and

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<v Speaker 2>then of course got to the tariffs. Kaylee, many of

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<v Speaker 2>us were wondering exactly what he was going to say

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<v Speaker 2>to the justices of the Supreme Court who was sitting

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<v Speaker 2>there in the front row, and he kept his remarks

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<v Speaker 2>fairly temperate. He talked about the unfortunate decision, He didn't

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<v Speaker 2>call anyone out by name, spent more time calling out

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<v Speaker 2>Democrats tonight, Kaylee, for not standing up to applaud him yes.

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<v Speaker 3>And telling Democrats that they were to blame for higher

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<v Speaker 3>prices Americans are facing, including on healthcare. To your point

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<v Speaker 3>on tariff's Joe, after calling the Supreme Court ruling unfortunate,

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<v Speaker 3>he also said congressional action on tariffs will not be necessary,

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<v Speaker 3>suggesting he will be taking other action at the executive level.

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<v Speaker 3>But he did have some specific asss of Congress tonight,

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<v Speaker 3>calling on Congress to codify his most favored nation rule

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<v Speaker 3>when it comes to drug prices, to pass an investment

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<v Speaker 3>ban on firms buying homes, to pass the stock trading

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<v Speaker 3>ban for members of Congress. He also wants to the

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<v Speaker 3>Congress to pass a law barring any state from granting

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<v Speaker 3>commercial driving licenses to illegal alien So he did have

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<v Speaker 3>some requests for the legislative branch, even if he largely

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<v Speaker 3>spent the majority of this almost two hours Joe talking

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<v Speaker 3>about things he has seen himself as achieving at the executive.

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<v Speaker 4>Level and pointing to more things that he wants to

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<v Speaker 4>get done.

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<v Speaker 2>To your point, calling on Congress to pass Save America Acts, Kaylee,

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<v Speaker 2>and when he got to that matter, of voter id.

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<v Speaker 4>He called out Democrats.

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<v Speaker 2>He said, they want to cheat, they have cheated, and

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<v Speaker 2>their policy is so bad. The only way to get

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<v Speaker 2>elected is to cheat, and we're going to stop it.

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<v Speaker 4>He said.

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<v Speaker 2>This was a very tough speech on Democrats, most of

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<v Speaker 2>whom sat on their hands for most of the night.

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<v Speaker 2>And I'll just let everybody know that we did replay

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<v Speaker 2>the beginning of the speech from last year.

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<v Speaker 4>Al Green, the.

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<v Speaker 2>Congressman Democrat from Texas, was escorted from the chamber once again.

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<v Speaker 2>He brought a sign with him Kaylee, which does not

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<v Speaker 2>make the sergeant at arms or the speaker very happy,

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<v Speaker 2>and as he tried to address the president firsthand, he

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<v Speaker 2>was taken out of the room by the sergeant at arms.

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<v Speaker 2>He went straight to Stathall to start doing interviews.

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<v Speaker 3>After that, we turned to our panel that is here

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<v Speaker 3>with me on set in Washington, Bloomberg's Jeff Mason alongside me,

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<v Speaker 3>as well as Bloomberg Politics contributors at Rick Davis and

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<v Speaker 3>Jeanie shan Zeno. So this was perhaps not as long

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<v Speaker 3>as some of us anticipated or maybe feared. He covered

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<v Speaker 3>a lot of ground, though Rick Davis, as promised, he

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<v Speaker 3>said he had a lot to talk about. He certainly

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<v Speaker 3>did how to do.

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<v Speaker 4>Yeah.

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<v Speaker 5>Look, I think it was a different kind of speech

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<v Speaker 5>than what we're used to seeing from President Trump. Normally,

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<v Speaker 5>he paints a pretty dark picture of the country in

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<v Speaker 5>order to say how much he has changed and made

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<v Speaker 5>it better. He actually started off with the positive report card,

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<v Speaker 5>and at a time when most people are tuned in

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<v Speaker 5>the first thirty minutes of this speech, he's going to

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<v Speaker 5>get the highest number of eyeballs on the TV. He

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<v Speaker 5>talked about affordability, the economy, the things that he said

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<v Speaker 5>he has to do to be able to get this

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<v Speaker 5>thing reset for the midterm elections. Then the next thirty

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<v Speaker 5>minutes he descended into that evil place, attacking Democrats viciously.

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<v Speaker 5>But then he did something that I thought was actually

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<v Speaker 5>new to him and a pretty good construct. That is,

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<v Speaker 5>he built the rest of his speech around the great

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<v Speaker 5>deeds of ordinary Americans, things that they've done to come

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<v Speaker 5>back from adversity, challenges they met and one and I

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<v Speaker 5>think that that will be part of what people remember

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<v Speaker 5>in this speech, with those incredibly important and transformational stories.

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<v Speaker 5>And he did one after the other after the other

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<v Speaker 5>on topics that were really key to his administration.

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<v Speaker 3>Jeff talking about this kind of narrative reset or lack thereof.

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<v Speaker 3>Is that what the President was able to achieve tonight

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<v Speaker 3>or not.

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<v Speaker 6>It doesn't seem like a reset to me. You know,

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<v Speaker 6>my job as a White House reporter and all the

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<v Speaker 6>other reporters who are covering this tonight would be to

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<v Speaker 6>look for the news and usually we look for new policy,

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<v Speaker 6>something that he would unveil or suggest this is what

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<v Speaker 6>I'm going to work on in the coming year, And

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<v Speaker 6>there just wasn't a lot of that in this speech.

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<v Speaker 6>I think Rick is right that there was. There was

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<v Speaker 6>certainly a nice tone at the end that wouldn't be

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<v Speaker 6>applicable to the entire speech, but that there was a

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<v Speaker 6>nice tone at the end.

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<v Speaker 4>But what was new.

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<v Speaker 6>It was mostly a lot of President Trump's greatest hits

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<v Speaker 6>and certainly talking about his defense, which we were discussing

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<v Speaker 6>before the speech. His defense of his performance is defense

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<v Speaker 6>of his administration of the economy that he inherited, which

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<v Speaker 6>he blamed on President Biden.

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<v Speaker 4>Those are all things that are.

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<v Speaker 6>Pretty regular aspects of a Donald Trump's speech. There weren't

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<v Speaker 6>at least a lot of major new policies with regard

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<v Speaker 6>to the economy, with regard to affordability, even though again

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<v Speaker 6>he did address it and he touched on it, but

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<v Speaker 6>he didn't offer a vision for how it's going to

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<v Speaker 6>go forward.

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<v Speaker 2>Joining us now, as you can see if you're with

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<v Speaker 2>us on Bloomberg TV is the Secretary of the Interior,

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<v Speaker 2>Doug Bergham, mister Secretary, Great to have you with us

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<v Speaker 2>yere on Bloomberg TV and radio. I'd like to zero

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<v Speaker 2>win on the President's speech with you from your vantage point,

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<v Speaker 2>record length and a lot to talk about. What did

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<v Speaker 2>he propose for the year ahead that's important to your agency?

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<v Speaker 1>Well, start of the top line, this is incredibly courageous,

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<v Speaker 1>forward looking talk and celebrating our two hundred and fiftieth

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<v Speaker 1>anniversary as a country, going literally back to our founding.

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<v Speaker 1>And then tonight, who would have known when you're coming

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<v Speaker 1>to hear the speech, you're going to get a opportunity

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<v Speaker 1>to be present for the Medal of honor being delivered twice,

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<v Speaker 1>one for heroics from a warrior from World War Two

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<v Speaker 1>and Korea War who's one hundred years old. And then

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<v Speaker 1>someone who just weeks ago was courageously led the charge

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<v Speaker 1>as one of our helicopter pilots when they were arresting Maduro.

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<v Speaker 1>So it spanned the whole two hundred and fifty years.

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<v Speaker 1>But again I would just say it two takeaways. Peace

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<v Speaker 1>around the world, prosperity for Americans, affordability. President Trump's policies

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<v Speaker 1>turning this country around in the last twelve months.

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<v Speaker 2>A lot of focus on energy, as we expected this evening,

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<v Speaker 2>as he reminded, drill, Baby, Drill, but also talked about

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<v Speaker 2>what he would like to see the ability of the

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<v Speaker 2>big tech companies, the hyper scaler having the opportunity to

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<v Speaker 2>bring in their own power plants to put aside their

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<v Speaker 2>data centers essentially off the grid.

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<v Speaker 4>Is that something that.

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<v Speaker 2>The Interior Department is in the process of unlocking.

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<v Speaker 1>Well, absolutely, through the National Energy Dominance Council that runs

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<v Speaker 1>out of the White House that President Trump has asked

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<v Speaker 1>Secretary of Chris Wright and I to lead Secretary of Energy.

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<v Speaker 1>We're working hard to make sure that we can do this,

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<v Speaker 1>have this behind the meter capability byop bringing your own

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<v Speaker 1>power because we need power. This is about energy addition.

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<v Speaker 1>There is no energy transition. President Trump understands that we've

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<v Speaker 1>got to have energy abundance. We've got to be able

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<v Speaker 1>to sell ownergy to our friends and allies, including those

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<v Speaker 1>that have been dependent on our adversaries. I mean, if

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<v Speaker 1>you're getting energy from Iran or Russia and they're funding

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<v Speaker 1>terrorism or wars, I mean, we can stop wars and

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<v Speaker 1>stop terrorism by having energy abundance from the US, but

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<v Speaker 1>enough abundance that we can keep prices for energy here

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<v Speaker 1>at home low even with the demand increase, so that

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<v Speaker 1>we can win the AI arms race against China, which

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<v Speaker 1>part of that race is who can generate the most

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<v Speaker 1>electricity because this is the first time in history you

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<v Speaker 1>can take a killo wout of electricity and turn it

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<v Speaker 1>into intelligence. President Trump understands that his policy is going

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<v Speaker 1>to work for both winning the aarms race and for

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<v Speaker 1>keeping electricity affordable for Americans.

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<v Speaker 4>There's so much there.

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<v Speaker 2>Do you worry about some of the concern that people

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<v Speaker 2>have expressed about data centers, the NIMBI concerns, the worry

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<v Speaker 2>about their electricity bills rising.

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<v Speaker 4>Is this plan the way around that?

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<v Speaker 1>Absolutely, because if it's off the grid, it's not putting

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<v Speaker 1>any burden on the grid itself, and it's not putting any.

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<v Speaker 4>Pressure on rate pays.

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<v Speaker 1>Matter of fact, in North Dkota, when I was still

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<v Speaker 1>a governor, there are just fifteen months ago, we were

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<v Speaker 1>completing a one point two billion dollar data center and

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<v Speaker 1>the electricity rates were going to go down for all

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<v Speaker 1>the people. And that are because you're spreading the cost

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<v Speaker 1>across a big industrial buyer in a rural area. So

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<v Speaker 1>there are ways where you can add capable add a

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<v Speaker 1>big power user like that, and if you do it

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<v Speaker 1>in the right way, it actually brings power down. So

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<v Speaker 1>it's only people that would be opposed to for other reasons,

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<v Speaker 1>including the climate extremists, would come up with a story

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<v Speaker 1>that says that that artificial intelligence is going to raise

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<v Speaker 1>your rates automatically. That's only with the wrong policies. With

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<v Speaker 1>the right policies, they'll stay the same or go down.

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<v Speaker 4>Really interesting.

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<v Speaker 2>The audience is deeply concerned about the future of that

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<v Speaker 2>AI race, what it means for this country. The President

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<v Speaker 2>said a bit about that this evening, but clearly it's

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<v Speaker 2>one of many priorities that he's pursuing in this new year.

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<v Speaker 2>What's the most important way to win that AI race?

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<v Speaker 2>Even as the markets start to question some of the

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<v Speaker 2>spending that we're seeing from these massive companies, they're the

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<v Speaker 2>size of countries.

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<v Speaker 1>Mister Secretary, Yes, well, but again this is a recovery

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<v Speaker 1>new territory, and we're going to see incredible capital flows

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<v Speaker 1>around the world. And those capital flows, record capital flows

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<v Speaker 1>are going to go to places that have ample A four,

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<v Speaker 1>reliable and secure power and that's going to be countries,

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<v Speaker 1>and it's going to be states within those countries. Within Europe,

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<v Speaker 1>it may be certain countries as opposed to all of

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<v Speaker 1>the EU. Secretary Chris Right and I today met with

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<v Speaker 1>twenty one energy ministers from Central and Eastern Europe.

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<v Speaker 4>Again, the race is on.

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<v Speaker 1>People that have sensible energy policies that focus on affordable,

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<v Speaker 1>reliable and secure energy are going to see a boom

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<v Speaker 1>in investment going forward. Because it's not just the data center,

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<v Speaker 1>it's what follows that advanced manufacturing the physical AI, because

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<v Speaker 1>AI will be the greatest productivity increase that humanity has

0:11:36.920 --> 0:11:40.479
<v Speaker 1>ever seen. It really is an extension of human capability,

0:11:41.040 --> 0:11:44.120
<v Speaker 1>whether it's curing cancer, providing a tutor for every school

0:11:44.200 --> 0:11:47.360
<v Speaker 1>kid in the world, or solving the most clipplex problems

0:11:47.360 --> 0:11:50.360
<v Speaker 1>that we've ever faced. This is something that we need

0:11:50.440 --> 0:11:53.240
<v Speaker 1>in America and the free world needs to make sure

0:11:53.280 --> 0:11:55.079
<v Speaker 1>that we're competitive in this aarms race.

0:11:55.120 --> 0:11:57.240
<v Speaker 4>And the way we do that is generate more.

0:11:57.080 --> 0:12:00.640
<v Speaker 1>Power energy addition, there is no such thing as energy transition.

0:12:00.679 --> 0:12:03.720
<v Speaker 1>If you're shutting down seven by twenty four secure base

0:12:03.800 --> 0:12:10.680
<v Speaker 1>load and adding intermit unreliable foreign sourced energy, that's energy fantasy.

0:12:10.960 --> 0:12:13.000
<v Speaker 1>President Trump's focused on energy reality.

0:12:13.240 --> 0:12:15.600
<v Speaker 2>You're not only the Interior secretary, but you're also a

0:12:15.640 --> 0:12:16.560
<v Speaker 2>surrogate of the president.

0:12:16.600 --> 0:12:18.319
<v Speaker 4>Typically, after the State of the Union, we.

0:12:18.280 --> 0:12:21.360
<v Speaker 2>See cabinet secretaries fan out across the country to hit

0:12:21.440 --> 0:12:24.800
<v Speaker 2>home to deliver the message that the president began tonight.

0:12:24.840 --> 0:12:26.680
<v Speaker 4>Do you have travel plans? What are the next weeks

0:12:26.720 --> 0:12:27.679
<v Speaker 4>and months looked like for you?

0:12:27.760 --> 0:12:27.920
<v Speaker 6>Well?

0:12:27.960 --> 0:12:31.000
<v Speaker 1>Absolutely, and of course all the cabinet sectors will tie

0:12:31.000 --> 0:12:32.680
<v Speaker 1>it in with part of their job. So I'm going

0:12:32.720 --> 0:12:35.600
<v Speaker 1>to be heading heading out to Western States where we

0:12:35.679 --> 0:12:37.480
<v Speaker 1>have a large degree of federal land, a lot of

0:12:37.520 --> 0:12:41.400
<v Speaker 1>intersection with those federal assets. What we like to say,

0:12:41.960 --> 0:12:44.160
<v Speaker 1>the Department of Materia has got the largest balance sheet

0:12:44.200 --> 0:12:47.040
<v Speaker 1>in the world. Five hundred million acres of land, seven

0:12:47.160 --> 0:12:50.560
<v Speaker 1>hundred million acres of subservice rich with minerals, three billion

0:12:50.600 --> 0:12:53.920
<v Speaker 1>acres of offshore from American Samoa of the US Virgin Islands,

0:12:54.520 --> 0:12:58.720
<v Speaker 1>Gulf of America, which represents a huge energy component mix

0:12:58.800 --> 0:13:01.240
<v Speaker 1>for our country. But yeah, we'll be spanning out and

0:13:01.240 --> 0:13:03.640
<v Speaker 1>delivering the message. And the message is one that's a

0:13:03.720 --> 0:13:07.480
<v Speaker 1>forward looking prosperity. When you talk about the policies through

0:13:07.480 --> 0:13:12.080
<v Speaker 1>your businessors, we're talking about cutting taxes, massively, cutting regulations.

0:13:12.800 --> 0:13:17.120
<v Speaker 1>Record investment incomes are up, inflation is down, interest rates

0:13:17.120 --> 0:13:21.320
<v Speaker 1>are down, and affordability of housing is becoming more affordable.

0:13:21.360 --> 0:13:23.640
<v Speaker 1>I mean, this is President Trump's right. We are entering

0:13:23.840 --> 0:13:27.760
<v Speaker 1>a new golden age of abundance. This first year was

0:13:27.800 --> 0:13:30.319
<v Speaker 1>an amazing one hundred and eight degree turnaround. The next

0:13:30.400 --> 0:13:33.480
<v Speaker 1>year going forward could be nothing short of an economic miracle.

0:13:33.840 --> 0:13:36.120
<v Speaker 2>We'll be watching for you here in Washington on the

0:13:36.120 --> 0:13:39.160
<v Speaker 2>campaign trail throughout the midterms. Mister Secretary, thanks for joining

0:13:39.240 --> 0:13:41.280
<v Speaker 2>us once again on Bloomberg TJ Radio.

0:13:41.360 --> 0:13:43.640
<v Speaker 1>Thank you for being here. Absolutely Doug burning in front

0:13:43.640 --> 0:13:45.959
<v Speaker 1>of this great statue. One of the great Martha Cooche worked.

0:13:45.760 --> 0:13:47.719
<v Speaker 2>That out for you on the North Dakota statue here

0:13:47.720 --> 0:13:49.960
<v Speaker 2>in stat Hall, Kayley, I'll send it back to you

0:13:50.000 --> 0:13:50.560
<v Speaker 2>in the bureau.

0:13:52.120 --> 0:13:54.760
<v Speaker 3>All right, Joe with the Secretary of the Interior, Thank

0:13:54.800 --> 0:13:57.600
<v Speaker 3>you so much, and here with me in our Washington studio.

0:13:57.679 --> 0:14:00.760
<v Speaker 3>Still as we run about this evening Bloomberg' Jeff alongside

0:14:00.760 --> 0:14:04.600
<v Speaker 3>Bloomberg Politics contributors Rick Davis and Jeanie Shanzano. So we've

0:14:04.640 --> 0:14:07.120
<v Speaker 3>now gotten through the speech the Democratic response, both of

0:14:07.160 --> 0:14:11.240
<v Speaker 3>which at least in part centered around the idea of affordability.

0:14:11.240 --> 0:14:13.800
<v Speaker 3>The question is going to be where that narrative goes

0:14:13.880 --> 0:14:16.320
<v Speaker 3>next in the aftermath of this, Jeff, did we really

0:14:16.320 --> 0:14:19.760
<v Speaker 3>hear the president saying much today in terms of how

0:14:19.840 --> 0:14:23.560
<v Speaker 3>he is going to further advance the so called affordability agenda?

0:14:23.760 --> 0:14:26.560
<v Speaker 3>If you will, what's the action we can expect next,

0:14:26.640 --> 0:14:28.040
<v Speaker 3>if he wants to get prices down?

0:14:28.240 --> 0:14:30.360
<v Speaker 6>Yeah? I think that's I think that's the big question

0:14:30.480 --> 0:14:32.600
<v Speaker 6>for Republicans, and it's the question that he had to

0:14:32.680 --> 0:14:36.760
<v Speaker 6>answer tonight, and that his administration and his fellow lawmaker

0:14:36.880 --> 0:14:39.800
<v Speaker 6>or Republican lawmakers and Congress have to answer as they

0:14:39.800 --> 0:14:41.920
<v Speaker 6>go into the midterms. I don't know what the answer is.

0:14:42.280 --> 0:14:44.520
<v Speaker 6>He talked a little bit about tariffs, He talked about

0:14:44.880 --> 0:14:48.320
<v Speaker 6>the tax cuts from the Big Beautiful Bill. He again,

0:14:48.520 --> 0:14:52.320
<v Speaker 6>as I said before, defended his record or praise his

0:14:52.360 --> 0:14:56.200
<v Speaker 6>record really from the first year as something worth running on.

0:14:56.360 --> 0:15:00.360
<v Speaker 6>But he didn't come out and say this is part too,

0:15:00.600 --> 0:15:04.520
<v Speaker 6>this is my next sort of goal for working on

0:15:04.560 --> 0:15:07.200
<v Speaker 6>affordability going forward. He talked a little bit about healthcare,

0:15:08.360 --> 0:15:11.720
<v Speaker 6>but otherwise not a whole long list of policy ideas

0:15:12.240 --> 0:15:13.720
<v Speaker 6>for the next several months.

0:15:13.800 --> 0:15:15.680
<v Speaker 3>Well in healthcare was one of the areas Rick in

0:15:15.720 --> 0:15:18.800
<v Speaker 3>which she was making a specific ass to Congress codify

0:15:18.880 --> 0:15:21.520
<v Speaker 3>my most Favored Nation rule. He also asked them to

0:15:21.560 --> 0:15:25.560
<v Speaker 3>ban investment firms from buying homes in an effort to

0:15:25.600 --> 0:15:28.320
<v Speaker 3>obviously address the housing and supply issue we have in

0:15:28.320 --> 0:15:30.480
<v Speaker 3>this country. But given that it is an election year,

0:15:30.480 --> 0:15:33.040
<v Speaker 3>the midterms are getting closer with every day that passes,

0:15:33.360 --> 0:15:35.920
<v Speaker 3>are we actually going to see legislation in that regard

0:15:35.960 --> 0:15:36.560
<v Speaker 3>or any others?

0:15:36.960 --> 0:15:39.160
<v Speaker 5>Yeah, I don't think there's really going to be an

0:15:39.200 --> 0:15:41.840
<v Speaker 5>appetite in Congress to spend a lot of time legislating.

0:15:42.320 --> 0:15:43.720
<v Speaker 5>You know, this is a year where they go back

0:15:43.720 --> 0:15:46.360
<v Speaker 5>to their districts and they try to win reelection. So

0:15:46.440 --> 0:15:49.200
<v Speaker 5>certainly the energy that the House had to pass his

0:15:49.440 --> 0:15:52.440
<v Speaker 5>you know, big beautiful bill and other items and the

0:15:52.480 --> 0:15:54.560
<v Speaker 5>first year agenda is just not going to be there

0:15:54.600 --> 0:15:57.040
<v Speaker 5>this time. Plus, even their margins are slimmer than they

0:15:57.040 --> 0:15:59.320
<v Speaker 5>were at the start of the last year, and I

0:15:59.560 --> 0:16:01.760
<v Speaker 5>too was prize that he didn't spend more time on

0:16:01.800 --> 0:16:05.400
<v Speaker 5>healthcare in the sense that, you know, this is the

0:16:05.440 --> 0:16:10.280
<v Speaker 5>cause of the greatest longest government shutdown in history just

0:16:10.320 --> 0:16:13.720
<v Speaker 5>a few months ago, and yet he really just sort

0:16:13.720 --> 0:16:18.240
<v Speaker 5>of retreaded the same rhetoric that he's done before. So yeah,

0:16:18.280 --> 0:16:20.520
<v Speaker 5>I mean, I think there's something in there that he

0:16:20.520 --> 0:16:24.040
<v Speaker 5>could campaign on. These are not programs that are necessarily new,

0:16:24.440 --> 0:16:26.920
<v Speaker 5>but if he actually stuck with it and talked about

0:16:26.960 --> 0:16:30.640
<v Speaker 5>these housing issues, talked about some of the drug pricing activity,

0:16:30.960 --> 0:16:33.320
<v Speaker 5>you know, talked a little bit about you know, what's

0:16:33.360 --> 0:16:35.960
<v Speaker 5>going on with healthcare, and of course really dug in

0:16:36.040 --> 0:16:39.600
<v Speaker 5>on some of these affordability issues, that could actually be

0:16:39.640 --> 0:16:41.640
<v Speaker 5>a platform to go forward. I don't think it's so

0:16:41.760 --> 0:16:44.560
<v Speaker 5>much he needed something new today, but like, can he

0:16:44.680 --> 0:16:47.800
<v Speaker 5>actually sustain the rhetoric that he gave to the American

0:16:47.840 --> 0:16:50.000
<v Speaker 5>people tonight longer than one night?

0:16:50.560 --> 0:16:52.720
<v Speaker 3>Well that is the question, and not just of course,

0:16:52.760 --> 0:16:54.880
<v Speaker 3>his remarks on the economy, but on what is supposed

0:16:54.880 --> 0:16:57.479
<v Speaker 3>to be his other strongest issue, Genie, which is immigration.

0:16:57.600 --> 0:17:00.000
<v Speaker 3>Knowing he delivered this speech with the Department of Homelands

0:17:00.040 --> 0:17:04.240
<v Speaker 3>Security still shut down, calling for Democrats to fund it, Yes,

0:17:04.280 --> 0:17:06.320
<v Speaker 3>But did you sense a president that is any closer

0:17:06.320 --> 0:17:10.119
<v Speaker 3>to reaching some kind of compromise with Democrats on reforms

0:17:10.520 --> 0:17:12.520
<v Speaker 3>to ice and in immigration enforcement.

0:17:13.040 --> 0:17:13.119
<v Speaker 2>No.

0:17:13.560 --> 0:17:16.199
<v Speaker 7>And this was another area I was surprised, and I

0:17:16.320 --> 0:17:20.080
<v Speaker 7>was surprised by because the President seemed to double down.

0:17:20.480 --> 0:17:22.960
<v Speaker 7>He talked a lot about the border, and then he

0:17:23.119 --> 0:17:27.879
<v Speaker 7>consistently kept talking about the fact that the immigrants are criminals,

0:17:27.920 --> 0:17:30.080
<v Speaker 7>something that we know is not true, and the people

0:17:30.080 --> 0:17:33.560
<v Speaker 7>they are deporting our criminals. Even his own government says

0:17:33.920 --> 0:17:37.400
<v Speaker 7>that is seven to fourteen percent of the people deported.

0:17:37.880 --> 0:17:40.399
<v Speaker 7>And it doesn't work for him in any way. It

0:17:40.480 --> 0:17:44.439
<v Speaker 7>is not true, and it doesn't address the problems that

0:17:44.480 --> 0:17:47.280
<v Speaker 7>Democrats have raised or the problems quite frankly, the American

0:17:47.320 --> 0:17:51.080
<v Speaker 7>public have raised, and the Democrats would like nothing more

0:17:51.160 --> 0:17:52.800
<v Speaker 7>than to keep talking about this.

0:17:53.280 --> 0:17:54.440
<v Speaker 4>It's the first time.

0:17:54.480 --> 0:17:56.840
<v Speaker 7>And I know that Rick knows this issue so well

0:17:57.160 --> 0:18:01.520
<v Speaker 7>that Democrats probably in decades, have been on the popular

0:18:01.680 --> 0:18:04.760
<v Speaker 7>right side of immigration. They are thrilled and they want

0:18:04.800 --> 0:18:06.720
<v Speaker 7>to stay there. So he did him a favor.

0:18:07.640 --> 0:18:10.520
<v Speaker 6>I also thought it was interesting how Governor Spanberger addressed

0:18:10.600 --> 0:18:13.280
<v Speaker 6>both that issue and the economy. I think it's probably

0:18:13.359 --> 0:18:16.000
<v Speaker 6>a little bit of a playbook for how Democrats are

0:18:16.000 --> 0:18:18.879
<v Speaker 6>going to address these issues in the coming months. She asked,

0:18:19.200 --> 0:18:21.960
<v Speaker 6>is the president working for you? Is the president helping

0:18:22.040 --> 0:18:25.359
<v Speaker 6>on affordability? She named or she didn't name check that

0:18:25.600 --> 0:18:27.840
<v Speaker 6>the two people who were killed in Minneapolis, but she

0:18:28.320 --> 0:18:31.320
<v Speaker 6>mentioned that Ice agents had killed Americans on the streets

0:18:31.320 --> 0:18:37.159
<v Speaker 6>of the United States. Those are pretty salient points that

0:18:37.240 --> 0:18:40.560
<v Speaker 6>she made in a much shorter speech that I imagine

0:18:40.560 --> 0:18:43.080
<v Speaker 6>we'll be hearing Democrats repeating in the coming months.

0:18:43.200 --> 0:18:45.119
<v Speaker 3>And we just have less than a minute left, Jeff.

0:18:45.119 --> 0:18:47.400
<v Speaker 3>But the President did touch on Iran this evening, saying

0:18:47.440 --> 0:18:50.120
<v Speaker 3>he would prefer diplomacy, but saying he will never allow

0:18:50.160 --> 0:18:52.040
<v Speaker 3>the world's number one sponsor of terror to have a

0:18:52.119 --> 0:18:54.359
<v Speaker 3>nuclear weapon. By the time this week is out, could

0:18:54.359 --> 0:18:57.600
<v Speaker 3>we very well have see the President decide that diplomacy

0:18:57.640 --> 0:18:58.200
<v Speaker 3>will not work.

0:18:58.320 --> 0:18:59.000
<v Speaker 4>It's hard to say.

0:18:59.040 --> 0:19:01.200
<v Speaker 6>I mean, this is a decision that we've been looking

0:19:01.240 --> 0:19:04.320
<v Speaker 6>for and waiting for for some time now. He talked

0:19:04.359 --> 0:19:06.440
<v Speaker 6>about it, as he said, but he didn't really give

0:19:06.440 --> 0:19:09.000
<v Speaker 6>an indication of the direction that he's going. Saying that

0:19:09.040 --> 0:19:11.400
<v Speaker 6>he wants diplomacy is something that he has said before.

0:19:12.080 --> 0:19:14.399
<v Speaker 6>So we'll see if they are able to come up

0:19:14.400 --> 0:19:14.840
<v Speaker 6>with a deal.

0:19:15.240 --> 0:19:19.240
<v Speaker 3>Talks in Geneva on Thursday. Meantime, it's almost Wednesday here

0:19:19.280 --> 0:19:21.000
<v Speaker 3>in the United States. As we found out the State

0:19:21.040 --> 0:19:24.359
<v Speaker 3>of the Union evening, we're approaching midnight. Bloomberg's Jeff Mason

0:19:24.400 --> 0:19:27.479
<v Speaker 3>and Bloomberg Politics contributors Rick Davis and Jeanie shanzena with

0:19:27.560 --> 0:19:30.000
<v Speaker 3>us throughout the coverage this evening. We so appreciate you

0:19:30.119 --> 0:19:31.800
<v Speaker 3>joining us, and we thank you for joining us on

0:19:31.880 --> 0:19:34.040
<v Speaker 3>this special coverage of President Trump State of the Union.

0:19:34.160 --> 0:19:35.760
<v Speaker 3>I'm Kaylee Lines alongside Joe matth