1 00:00:01,639 --> 00:00:06,160 Speaker 1: Now from our nation's capital. This is Bloomberg's sound on 2 00:00:06,840 --> 00:00:10,280 Speaker 1: they discovered a small number of documents of classified marketing 3 00:00:10,360 --> 00:00:13,600 Speaker 1: and story Jerry's in file cabinets in my home? Where's 4 00:00:13,640 --> 00:00:16,840 Speaker 1: the photos of President Biden's documents? Bloom is off the 5 00:00:16,880 --> 00:00:19,440 Speaker 1: roads here, he's in the damage control at this point. 6 00:00:19,520 --> 00:00:21,520 Speaker 1: He didn't tell me this first reality. I would think 7 00:00:21,520 --> 00:00:25,160 Speaker 1: it was a really bad movie. Bloomberg Sound on politics, 8 00:00:25,239 --> 00:00:29,360 Speaker 1: policy and perspective from DC's top names, and what's your 9 00:00:29,360 --> 00:00:32,080 Speaker 1: reaction to members of your own party calling for your resignation. 10 00:00:32,240 --> 00:00:33,880 Speaker 1: He's got a long way to go to earn trust, 11 00:00:33,920 --> 00:00:37,640 Speaker 1: and it's now the responsibility of House Republicans to do 12 00:00:37,880 --> 00:00:43,360 Speaker 1: something about it. Bloomberg Sound On with Joe Matthew on 13 00:00:43,560 --> 00:00:48,000 Speaker 1: Bloomberg Radio. Another special council is appointed, this time to 14 00:00:48,120 --> 00:00:51,800 Speaker 1: investigate Joe Biden. Welcome to the fastest hour in politics, 15 00:00:52,159 --> 00:00:55,080 Speaker 1: as Attorney General Merrick Garland responds to the discovery of 16 00:00:55,080 --> 00:00:58,960 Speaker 1: a second batch of classified documents now in President Biden's garage. 17 00:00:59,480 --> 00:01:01,560 Speaker 1: Will be in a moment by Rebecca roy Fee of 18 00:01:01,560 --> 00:01:04,480 Speaker 1: New York Law School, former Assistant District Attorney for New 19 00:01:04,560 --> 00:01:09,080 Speaker 1: York County who helped us understand what was happening over 20 00:01:09,120 --> 00:01:13,160 Speaker 1: the marl Ago documents. This all overshadowed important news on inflation. Today, 21 00:01:13,200 --> 00:01:16,000 Speaker 1: it's cooling and we'll look inside new data with Mark Zandi, 22 00:01:16,080 --> 00:01:20,120 Speaker 1: chief economists at Moody's Analytics. Congressman George Santos still refusing 23 00:01:20,160 --> 00:01:23,360 Speaker 1: calls to resign unless he says New York voters think differently. 24 00:01:23,400 --> 00:01:26,280 Speaker 1: We'll have analysis on all these stories from our signature 25 00:01:26,319 --> 00:01:30,440 Speaker 1: paneled Bloomberg Politics contributors Rick Davis and Jeanie Chanzano here 26 00:01:30,480 --> 00:01:33,200 Speaker 1: for the hour. Attorney General Merrick Garland made the announcement 27 00:01:33,160 --> 00:01:36,360 Speaker 1: of this afternoon after it was revealed a second batch 28 00:01:36,560 --> 00:01:40,080 Speaker 1: of classified documents tied to Joe Biden had been discovered. 29 00:01:40,120 --> 00:01:43,240 Speaker 1: I'm here today to announce the appointment of Robert her 30 00:01:43,680 --> 00:01:47,360 Speaker 1: as a special Council pursuing the Department of Justice regulations 31 00:01:47,400 --> 00:01:51,360 Speaker 1: governing such matters. Robert her get used to that name. 32 00:01:51,400 --> 00:01:54,880 Speaker 1: Garland gave some details about the second discovery we learned 33 00:01:54,920 --> 00:01:56,840 Speaker 1: of this round this time yesterday, actually right in the 34 00:01:56,880 --> 00:02:00,280 Speaker 1: middle of sound on remembering the first back wh was 35 00:02:00,320 --> 00:02:03,400 Speaker 1: found six days before the mid term elections early November 36 00:02:03,920 --> 00:02:06,240 Speaker 1: in the office that Joe Biden used as President Here's 37 00:02:06,240 --> 00:02:10,919 Speaker 1: garden again. On December, President Biden's personal counsel and formed 38 00:02:11,000 --> 00:02:16,200 Speaker 1: Mr Lausch that additional documents bearing classification markings were identified 39 00:02:16,280 --> 00:02:20,480 Speaker 1: in the garage of the President's private residence in Wilmington, Delaware. 40 00:02:21,200 --> 00:02:24,400 Speaker 1: President Biden's council and formed Mr Lausch that those documents 41 00:02:24,400 --> 00:02:27,280 Speaker 1: were among other records from the period of the President's 42 00:02:27,280 --> 00:02:31,120 Speaker 1: service as vice president. The FBI went to the location 43 00:02:31,320 --> 00:02:34,040 Speaker 1: and secured those documents. Right Garland there is referring to 44 00:02:34,160 --> 00:02:36,600 Speaker 1: John Lausch. You've probably heard that name, the U S. 45 00:02:36,639 --> 00:02:40,119 Speaker 1: Attorney for the Northern District of Illinois who was tasked 46 00:02:40,280 --> 00:02:43,400 Speaker 1: with reviewing the documents. Now it will be under the 47 00:02:43,440 --> 00:02:48,840 Speaker 1: purview of Special Counsel her reaction today, although actually we 48 00:02:48,919 --> 00:02:52,920 Speaker 1: gotta add one more fast forward to today. This morning, 49 00:02:53,000 --> 00:02:56,440 Speaker 1: President Biden's personal council called Mr Laosch and stated that 50 00:02:56,480 --> 00:03:00,280 Speaker 1: an additional document bearing classification markings was identify right at 51 00:03:00,320 --> 00:03:04,120 Speaker 1: the President's personal residence in Wilmington, Delaware. There it is 52 00:03:04,840 --> 00:03:09,720 Speaker 1: so a third. Joe Biden did speak today. He was 53 00:03:09,800 --> 00:03:11,680 Speaker 1: not supposed to be talking about this. It was an 54 00:03:11,720 --> 00:03:14,040 Speaker 1: event on the CPI was supposed to talk about inflation, 55 00:03:14,040 --> 00:03:16,480 Speaker 1: and he did take a question on my lawyers reviewed 56 00:03:16,560 --> 00:03:20,519 Speaker 1: other places where documents and my of from my time 57 00:03:20,600 --> 00:03:24,440 Speaker 1: as vice president restored, and they finished the review last night. 58 00:03:25,160 --> 00:03:28,680 Speaker 1: They discovered a small number of documents of classified marketings 59 00:03:28,680 --> 00:03:31,679 Speaker 1: and storage areas and file cabinets in my home and 60 00:03:31,760 --> 00:03:35,520 Speaker 1: my and my my my personal library. Now it's unclear 61 00:03:35,520 --> 00:03:38,280 Speaker 1: exactly what he meant by personal library. Press Secretary Kareem 62 00:03:38,360 --> 00:03:40,680 Speaker 1: John Pierre was not able to clarify that afterwards in 63 00:03:40,720 --> 00:03:43,640 Speaker 1: the news briefing, And that was an exercise all on 64 00:03:43,680 --> 00:03:46,360 Speaker 1: its own that we'll get into. But let's talk about 65 00:03:46,480 --> 00:03:49,200 Speaker 1: right now what we actually know with the real expert, 66 00:03:49,240 --> 00:03:51,720 Speaker 1: Rebecca roy Fee as professor of Law at New York 67 00:03:51,800 --> 00:03:55,680 Speaker 1: Law School, former Assistant District Attorney for New York County, 68 00:03:55,720 --> 00:03:58,720 Speaker 1: and Rebecca, welcome back with this special counsel. Do you 69 00:03:58,760 --> 00:04:00,720 Speaker 1: think would have been a pointed if there was not 70 00:04:00,760 --> 00:04:05,520 Speaker 1: already one investigating Donald Trump? You know, it's really hard 71 00:04:05,560 --> 00:04:07,600 Speaker 1: to know, but I think in this climate it's just 72 00:04:07,680 --> 00:04:10,560 Speaker 1: the smart thing to do. There is so much speculation 73 00:04:10,720 --> 00:04:13,680 Speaker 1: right now about the Department of Justice, and it's under 74 00:04:13,720 --> 00:04:17,360 Speaker 1: a haze of questions both from the left and from 75 00:04:17,400 --> 00:04:19,440 Speaker 1: the right, and so in a certain way, it's kind 76 00:04:19,440 --> 00:04:22,560 Speaker 1: of a prophylactic move that makes it such that whatever 77 00:04:22,720 --> 00:04:25,000 Speaker 1: is the outcome, there's a little bit more faith in 78 00:04:25,080 --> 00:04:27,600 Speaker 1: that outcome if it comes from a special counsel than 79 00:04:27,640 --> 00:04:30,320 Speaker 1: if it came from somebody who's directly reporting to the 80 00:04:30,320 --> 00:04:35,000 Speaker 1: Attorney General. They'll be of course of tandem investigations in 81 00:04:35,040 --> 00:04:37,960 Speaker 1: Congress and so forth. But Department of Justice is the 82 00:04:37,960 --> 00:04:40,320 Speaker 1: one that we need to pay attention to, Rebecca, based 83 00:04:40,360 --> 00:04:43,080 Speaker 1: on what you know? Now, is this going to come 84 00:04:43,080 --> 00:04:46,400 Speaker 1: down to a matter of intent? Or is Joe Biden 85 00:04:46,520 --> 00:04:50,599 Speaker 1: in trouble here? It absolutely comes down to a matter 86 00:04:50,640 --> 00:04:53,840 Speaker 1: of intent. That's the thing that really tips this from 87 00:04:53,880 --> 00:04:58,680 Speaker 1: being a situation in which a former vice president current 88 00:04:58,720 --> 00:05:01,840 Speaker 1: president mishandled documents to one in which there is some 89 00:05:01,920 --> 00:05:04,479 Speaker 1: kind of criminal liability. And it's important to note that 90 00:05:04,560 --> 00:05:08,440 Speaker 1: mishandling documents itself is problematic and is something that the 91 00:05:08,480 --> 00:05:12,720 Speaker 1: government should be aware of and seek to protect future 92 00:05:13,279 --> 00:05:17,039 Speaker 1: um future presidents and future vice presidents from prevent them 93 00:05:17,080 --> 00:05:20,480 Speaker 1: from doing. But you know, in this situation, the question 94 00:05:20,520 --> 00:05:22,719 Speaker 1: of whether or not, um you know, there would be 95 00:05:22,720 --> 00:05:26,360 Speaker 1: any criminal charges absolutely comes down to what was the 96 00:05:26,520 --> 00:05:29,760 Speaker 1: former vice president and current president's intent in keeping these 97 00:05:29,800 --> 00:05:33,400 Speaker 1: documents where they were kept. Okay, So with that said, Rebecca, 98 00:05:33,560 --> 00:05:38,240 Speaker 1: how important, if at all, are the contents of these files? 99 00:05:38,279 --> 00:05:41,640 Speaker 1: Will will the contents and the level of classification dictate 100 00:05:42,360 --> 00:05:44,640 Speaker 1: the outcome of this trial? Or does that not matter 101 00:05:44,720 --> 00:05:47,640 Speaker 1: if they are directly referred back to the archives and 102 00:05:47,720 --> 00:05:51,440 Speaker 1: d o J. Well, you know, for for sure what's 103 00:05:51,520 --> 00:05:55,279 Speaker 1: in those documents is critical for the national security question 104 00:05:55,360 --> 00:05:58,760 Speaker 1: and the question of how grave a mishandling this was, 105 00:05:58,839 --> 00:06:01,839 Speaker 1: And so you know, on that side of things, absolutely, 106 00:06:02,000 --> 00:06:04,640 Speaker 1: I think the public really wants to know what's in 107 00:06:04,680 --> 00:06:07,599 Speaker 1: there and how important it was, as I'm sure, um 108 00:06:07,720 --> 00:06:11,479 Speaker 1: are you know the people within the Department of Justice 109 00:06:11,520 --> 00:06:15,120 Speaker 1: who are tasked with protecting our national security. In terms 110 00:06:15,200 --> 00:06:19,240 Speaker 1: of the question of criminal liability, Um, it's less directly 111 00:06:19,320 --> 00:06:22,760 Speaker 1: relevant what's inside these documents. There are certain statutes that 112 00:06:22,880 --> 00:06:26,640 Speaker 1: only apply to classified documents and others that apply more 113 00:06:26,880 --> 00:06:29,920 Speaker 1: broadly to documents that are owned by the government. And 114 00:06:30,000 --> 00:06:32,240 Speaker 1: so you know, there was a lot of discussion when 115 00:06:32,279 --> 00:06:35,080 Speaker 1: there was this question about mar Lago and former President 116 00:06:35,120 --> 00:06:37,920 Speaker 1: Trump about what was in those documents and where they 117 00:06:37,920 --> 00:06:41,240 Speaker 1: classified and whether he declassified them, and it was a 118 00:06:41,279 --> 00:06:43,599 Speaker 1: bit of a red herring because there's only that one 119 00:06:43,640 --> 00:06:46,719 Speaker 1: statute that applies to classified documents. There are plenty of 120 00:06:46,720 --> 00:06:52,200 Speaker 1: other statutes that criminalize the retention or wrongful willful withholding 121 00:06:52,360 --> 00:06:56,480 Speaker 1: of government documents in an unauthorized location. To the details 122 00:06:56,520 --> 00:06:59,840 Speaker 1: surrounding that storage matter. You know, we we've spent a 123 00:06:59,839 --> 00:07:02,880 Speaker 1: lot of time talking about the room at maral Lago, 124 00:07:03,000 --> 00:07:05,000 Speaker 1: whether the lock had been put on the room, who 125 00:07:05,040 --> 00:07:08,440 Speaker 1: was coming and going surveillance video In this case, the 126 00:07:08,440 --> 00:07:11,040 Speaker 1: president himself said that it was locked in a garage 127 00:07:11,040 --> 00:07:14,600 Speaker 1: with this corvette. Is that any better? I mean, you know, 128 00:07:14,720 --> 00:07:16,800 Speaker 1: none of this is good. I think you know none 129 00:07:16,800 --> 00:07:18,600 Speaker 1: of this is good, and it should be troubling, and 130 00:07:18,640 --> 00:07:22,840 Speaker 1: it should be troubling to Americans, regardless of your political affiliation. 131 00:07:23,000 --> 00:07:27,240 Speaker 1: No president, no former vice president, should be taking classified 132 00:07:27,280 --> 00:07:29,880 Speaker 1: documents and putting in them someplace, keeping them someplace like 133 00:07:29,880 --> 00:07:33,000 Speaker 1: a garage, even if that garage is locked. But you know, 134 00:07:33,160 --> 00:07:35,880 Speaker 1: I suppose that there is some difference in terms of, 135 00:07:35,960 --> 00:07:38,880 Speaker 1: you know, how safely those are kept, um in terms 136 00:07:38,920 --> 00:07:41,440 Speaker 1: of how reassured the public ought to be about what 137 00:07:41,560 --> 00:07:45,400 Speaker 1: happened to these documents and who ended up looking at them. 138 00:07:45,480 --> 00:07:47,320 Speaker 1: A lot of questions at the White House today about 139 00:07:47,880 --> 00:07:51,080 Speaker 1: the way this information is being disseminated. And I know 140 00:07:51,160 --> 00:07:54,960 Speaker 1: this comes this goes off of your focus a little 141 00:07:54,960 --> 00:07:58,239 Speaker 1: bit here from a legal standpoint, but is the White 142 00:07:58,240 --> 00:08:02,400 Speaker 1: House under any obligation to communicate the discovery of these 143 00:08:02,440 --> 00:08:06,160 Speaker 1: documents in real time? They waited weeks and in fact 144 00:08:06,200 --> 00:08:08,840 Speaker 1: months to let the world know. And when the President 145 00:08:08,880 --> 00:08:11,280 Speaker 1: acknowledged the first batch, apparently he did know about that 146 00:08:11,360 --> 00:08:14,240 Speaker 1: second batch. You know, I do think it you know, 147 00:08:14,280 --> 00:08:16,720 Speaker 1: in some ways it is it has very little relevance 148 00:08:16,760 --> 00:08:19,200 Speaker 1: to the legal question at hand or at crabs. Again, 149 00:08:19,240 --> 00:08:22,960 Speaker 1: there could be some indirect question about why he's withholding 150 00:08:22,960 --> 00:08:25,400 Speaker 1: those documents and whether he possesses any intent. But in 151 00:08:25,520 --> 00:08:29,800 Speaker 1: terms of you know, transparency and government, I absolutely think so. 152 00:08:29,920 --> 00:08:32,320 Speaker 1: I think it's wrong to withhold this information from the 153 00:08:32,320 --> 00:08:36,760 Speaker 1: American public, even if they're political ramifications. Um. They people 154 00:08:37,080 --> 00:08:40,080 Speaker 1: are entitled to know, especially when there was, you know, 155 00:08:40,240 --> 00:08:42,800 Speaker 1: so much going on about former President Trump and what 156 00:08:42,840 --> 00:08:45,480 Speaker 1: he had done with these documents. If they knew that 157 00:08:45,640 --> 00:08:48,920 Speaker 1: prior to the midterm elections and didn't let people um 158 00:08:48,960 --> 00:08:52,080 Speaker 1: in on it, I think that's extremely problematic. Um, you know, 159 00:08:52,120 --> 00:08:56,120 Speaker 1: from what public relations and government transparent perspective. Yeah, we'll 160 00:08:56,120 --> 00:08:58,480 Speaker 1: talk more about that with the panel coming up, as 161 00:08:58,520 --> 00:09:02,760 Speaker 1: we have a political side to this legal story. Uh, 162 00:09:02,840 --> 00:09:05,280 Speaker 1: in terms of the use of these files, there are 163 00:09:05,320 --> 00:09:07,280 Speaker 1: always that are going to be times when a president 164 00:09:07,320 --> 00:09:10,760 Speaker 1: or apparently vice president needs to bring some work home, 165 00:09:11,360 --> 00:09:14,040 Speaker 1: whether it's a briefing or something else that's going on. 166 00:09:14,520 --> 00:09:16,720 Speaker 1: The crime is not that they left the White House, right, 167 00:09:16,760 --> 00:09:18,360 Speaker 1: The crime is that they did not come back or 168 00:09:18,360 --> 00:09:22,040 Speaker 1: the potential crime absolutely. So, you know, I think that 169 00:09:22,120 --> 00:09:24,800 Speaker 1: there you know, again, there should, there should and there 170 00:09:24,840 --> 00:09:28,520 Speaker 1: are protocols about taking these documents to another place, and 171 00:09:28,960 --> 00:09:31,120 Speaker 1: you know, I think that perhaps those need to be 172 00:09:31,160 --> 00:09:36,480 Speaker 1: revisited and made a bit more um secure. But the 173 00:09:36,559 --> 00:09:40,719 Speaker 1: key question is whether or not once these documents were discovered, 174 00:09:40,880 --> 00:09:46,080 Speaker 1: you know, they were returned quickly, um expeditiously, and the 175 00:09:46,520 --> 00:09:49,840 Speaker 1: you know, government lawyers searched for sorry Biden's lawyers, search 176 00:09:49,960 --> 00:09:52,840 Speaker 1: for any additional documents and return them. Now, you know, 177 00:09:52,880 --> 00:09:55,680 Speaker 1: it does seem from from the information that we're getting, 178 00:09:55,760 --> 00:09:58,840 Speaker 1: both disturbing and the in from the perspective that there 179 00:09:58,840 --> 00:10:01,560 Speaker 1: are all these documents ound in every different location, but 180 00:10:01,640 --> 00:10:04,760 Speaker 1: also somewhat reassuring that they were quickly returning them. So 181 00:10:05,080 --> 00:10:06,720 Speaker 1: I think we you know, it's good that there's a 182 00:10:06,760 --> 00:10:09,120 Speaker 1: special council will get to the bottom of this. And 183 00:10:09,440 --> 00:10:11,560 Speaker 1: regardless of whether or not it's a criminal case, this 184 00:10:11,640 --> 00:10:14,040 Speaker 1: is something that we shouldn't as as American public, we 185 00:10:14,080 --> 00:10:17,280 Speaker 1: should know. So let's fast forward a little bit. Here. 186 00:10:17,360 --> 00:10:20,640 Speaker 1: We've got two cases now, the Trump case the Biden 187 00:10:20,679 --> 00:10:27,040 Speaker 1: case unclassified documents both have their own special counsel. Uh 188 00:10:27,320 --> 00:10:30,080 Speaker 1: is the do O J or the special counsel himself 189 00:10:30,120 --> 00:10:33,680 Speaker 1: in either case here obligated if there's no indictment to 190 00:10:33,800 --> 00:10:37,480 Speaker 1: talk about what they found into uh kind of review 191 00:10:37,520 --> 00:10:40,959 Speaker 1: the case. Once their work is done, well, they certainly 192 00:10:40,960 --> 00:10:44,000 Speaker 1: have an obligation to report that to the Attorney General. 193 00:10:44,040 --> 00:10:47,160 Speaker 1: And you know, a special counsel is somewhat removed from 194 00:10:47,160 --> 00:10:49,360 Speaker 1: the Department of Justice and from the Attorney General in 195 00:10:49,480 --> 00:10:52,720 Speaker 1: terms of his day to day obligations. But ultimately, just 196 00:10:52,880 --> 00:10:57,320 Speaker 1: as Robert Muller in the Russia investigation issued a report, um, 197 00:10:57,480 --> 00:11:01,840 Speaker 1: so too must the these special counsel And you know, 198 00:11:01,880 --> 00:11:04,600 Speaker 1: so I think that that they will, and that ultimately 199 00:11:04,679 --> 00:11:07,280 Speaker 1: this information will become public and then it will be 200 00:11:07,400 --> 00:11:08,880 Speaker 1: up to a Merriic Garland whether it to make that 201 00:11:09,080 --> 00:11:11,320 Speaker 1: it will be. It will be. But you know, from 202 00:11:11,360 --> 00:11:14,000 Speaker 1: everything I know about Mark Garland, he you know, is 203 00:11:14,160 --> 00:11:18,680 Speaker 1: seeking to reassure the public about the UM the Department 204 00:11:18,679 --> 00:11:21,520 Speaker 1: of Justice, and I can see no reason why he 205 00:11:21,559 --> 00:11:24,760 Speaker 1: would have an interest in keeping the contents of that 206 00:11:24,840 --> 00:11:27,920 Speaker 1: report from the American public, at least ultimately, if John 207 00:11:28,000 --> 00:11:31,160 Speaker 1: Lausch's review is done, do we have any reason to 208 00:11:31,160 --> 00:11:33,760 Speaker 1: believe the Special Council's review will be different? You know, 209 00:11:33,880 --> 00:11:38,400 Speaker 1: if if John lash has completed his review, I don't 210 00:11:38,400 --> 00:11:40,640 Speaker 1: think there's any reason to think that it would be different. 211 00:11:40,679 --> 00:11:43,000 Speaker 1: But there's always the potential that the review might be 212 00:11:43,040 --> 00:11:47,360 Speaker 1: more extensive, that there might be other information that is uncovered, 213 00:11:47,520 --> 00:11:49,880 Speaker 1: and you know, so it remains to be seen. Boy, 214 00:11:49,960 --> 00:11:51,840 Speaker 1: this is something else. Rebecca, thank you for coming in. 215 00:11:51,920 --> 00:11:54,160 Speaker 1: It's great to talk with you again. Rebecca Royfy, professor 216 00:11:54,200 --> 00:11:56,680 Speaker 1: of law at New York Law School, the former Assistant 217 00:11:56,720 --> 00:12:00,760 Speaker 1: DA for New York County. And on the question of intent, 218 00:12:00,840 --> 00:12:03,840 Speaker 1: Press Secretary Karen Jean Pierre, I think she managed to 219 00:12:03,880 --> 00:12:08,160 Speaker 1: get one or two complete sentences out while jousting with 220 00:12:08,200 --> 00:12:10,240 Speaker 1: the reporter. I said this in my I said that 221 00:12:10,320 --> 00:12:12,920 Speaker 1: in the statement, it's in the statement of UH from 222 00:12:12,960 --> 00:12:15,600 Speaker 1: his lawyer, Richard Sober, and at the end he said, 223 00:12:15,600 --> 00:12:18,160 Speaker 1: we are confident that their thorough review will show that 224 00:12:18,200 --> 00:12:21,920 Speaker 1: these documents were inadvertently misplaced, and the President and his 225 00:12:22,000 --> 00:12:26,120 Speaker 1: lawyers acted promptly upon discovery of this mistake. Okay, so yeah, 226 00:12:26,200 --> 00:12:29,960 Speaker 1: we got a statement pretty early today as well, before 227 00:12:30,160 --> 00:12:34,280 Speaker 1: long before we ever heard from Merritt Garland again by 228 00:12:34,679 --> 00:12:38,160 Speaker 1: Richard Salber, the Special counsel to the President. If I 229 00:12:38,240 --> 00:12:40,640 Speaker 1: just scrolled down here to the final graph where the 230 00:12:40,640 --> 00:12:43,440 Speaker 1: news is during the review, this is I'm reading directly 231 00:12:43,480 --> 00:12:47,280 Speaker 1: from the White House statement. The lawyers discovered among personal 232 00:12:47,360 --> 00:12:52,040 Speaker 1: and political papers, a small number of additional Obama Biden 233 00:12:52,080 --> 00:12:55,760 Speaker 1: administration records with classified markings. All but one of these 234 00:12:55,800 --> 00:13:01,120 Speaker 1: documents were found in storage space in the Residents Wilmington's 235 00:13:01,240 --> 00:13:06,120 Speaker 1: residents garage. Okay, back to the corvette. But one document 236 00:13:07,000 --> 00:13:09,800 Speaker 1: consisting of one page let's not confuse those two words, 237 00:13:10,440 --> 00:13:14,680 Speaker 1: was discovered amongst stored materials in an adjacent room. None 238 00:13:14,720 --> 00:13:18,559 Speaker 1: were found in the Rohoba Beach residence. So presumably that 239 00:13:18,720 --> 00:13:21,800 Speaker 1: one document is the one Marrick Garland found out about 240 00:13:21,840 --> 00:13:24,839 Speaker 1: this morning. This morning, President Biden's personal council called Mr. 241 00:13:24,920 --> 00:13:28,880 Speaker 1: Laosh and stated that an additional document bearing classification markings 242 00:13:29,320 --> 00:13:33,439 Speaker 1: was identified at the president's personal residence in Wilmington's, Delaware, 243 00:13:33,559 --> 00:13:37,600 Speaker 1: which brings us back to the big question here, how 244 00:13:37,640 --> 00:13:40,280 Speaker 1: come we didn't know about all of it in one shot? 245 00:13:41,880 --> 00:13:44,400 Speaker 1: If the initial batch was found, think of this. You 246 00:13:44,559 --> 00:13:46,400 Speaker 1: just look at the calendar in your head while you're 247 00:13:46,480 --> 00:13:50,880 Speaker 1: driving here. If the initial batch was found before the 248 00:13:50,920 --> 00:13:54,400 Speaker 1: mid term elections, the second batch they were alerted to 249 00:13:54,480 --> 00:13:57,160 Speaker 1: on December twenty, what is it now the twelfth of January. 250 00:13:58,200 --> 00:14:03,199 Speaker 1: President talked about it this week Mexico City. The White 251 00:14:03,240 --> 00:14:06,880 Speaker 1: House talked about it this week in Washington. No one 252 00:14:07,040 --> 00:14:13,800 Speaker 1: ever mentioned a second batch. Bloomberg White House reporter Justin 253 00:14:13,920 --> 00:14:17,920 Speaker 1: Sink tried to get at this with Karine Jean Pierre today. 254 00:14:18,280 --> 00:14:20,680 Speaker 1: Let's let this breathe for a minute inside the briefing. 255 00:14:21,000 --> 00:14:23,400 Speaker 1: I would not jump to those two conclusions. That is 256 00:14:23,400 --> 00:14:26,040 Speaker 1: not what I'm stating. I am genuinely saying to you. 257 00:14:26,120 --> 00:14:28,080 Speaker 1: There isn't I want to actually, just while we're hang 258 00:14:28,160 --> 00:14:30,480 Speaker 1: on now, his question was, did the do o J? 259 00:14:31,240 --> 00:14:34,520 Speaker 1: Are you suggesting that the d o J didn't want 260 00:14:34,520 --> 00:14:38,160 Speaker 1: you to mention that second back? I would not jump 261 00:14:38,200 --> 00:14:40,440 Speaker 1: to those two conclusions. That is not what I'm stating. 262 00:14:40,440 --> 00:14:43,280 Speaker 1: I am genuinely saying to you. There is an ongoing 263 00:14:43,320 --> 00:14:46,400 Speaker 1: process that we are going to follow, and I am 264 00:14:46,480 --> 00:14:48,960 Speaker 1: limited in what I can say from here. That is 265 00:14:49,000 --> 00:14:52,120 Speaker 1: why my White House Council colleagues are that we refer 266 00:14:52,240 --> 00:14:54,760 Speaker 1: to them, uh, these past couple of days. Now, this 267 00:14:54,800 --> 00:14:56,720 Speaker 1: is in the hands of the Department of Justice as 268 00:14:56,760 --> 00:14:59,280 Speaker 1: we as as you all heard from the Attorney General 269 00:14:59,320 --> 00:15:03,640 Speaker 1: here's Justice. I think I guess I ever main confused 270 00:15:03,680 --> 00:15:06,280 Speaker 1: if the Justice Department didn't ask you not to disclose 271 00:15:06,400 --> 00:15:10,560 Speaker 1: these documents, why on Monday as this news was coming 272 00:15:10,560 --> 00:15:13,880 Speaker 1: out tuesdays as I was talking about it, he didn't say, 273 00:15:14,200 --> 00:15:17,160 Speaker 1: here's everything we know at this point, you know, the 274 00:15:18,280 --> 00:15:19,920 Speaker 1: the first that was found at the gun Vine Center 275 00:15:19,920 --> 00:15:23,240 Speaker 1: and the second set was founded his office were searching 276 00:15:23,440 --> 00:15:25,760 Speaker 1: to make sure that there's nothing else because there's an 277 00:15:25,760 --> 00:15:28,520 Speaker 1: ongoing process. And you heard directly from from the Attorney 278 00:15:28,520 --> 00:15:31,880 Speaker 1: General today, So we really got no way. Look, boy, 279 00:15:31,720 --> 00:15:35,560 Speaker 1: they tried, they tried, they kept trying. We never really 280 00:15:35,560 --> 00:15:39,640 Speaker 1: got anywhere on that. Let's bringing the panel just for 281 00:15:39,680 --> 00:15:42,280 Speaker 1: a moment here, Rick Davis and Jeannie Schanzano will have 282 00:15:42,320 --> 00:15:44,640 Speaker 1: a lot more time, uh, straight ahead to get into 283 00:15:44,640 --> 00:15:47,560 Speaker 1: this year. But Rick, my goodness, we've learned of the 284 00:15:47,600 --> 00:15:49,880 Speaker 1: second batch during the program yesterday. Now we've got a 285 00:15:49,880 --> 00:15:52,280 Speaker 1: third document and a special council. This is moving fast. 286 00:15:52,840 --> 00:15:56,600 Speaker 1: Do leaders ever learned the lesson that when you get 287 00:15:56,640 --> 00:16:00,200 Speaker 1: caught red handed, you've got to disclose everything on a 288 00:16:00,280 --> 00:16:03,320 Speaker 1: timely basis. Uh. The idea that they played this catch 289 00:16:03,400 --> 00:16:05,360 Speaker 1: me if you can think even at the time when 290 00:16:05,760 --> 00:16:08,080 Speaker 1: they knew there were other documents and didn't disclose, it 291 00:16:08,120 --> 00:16:12,760 Speaker 1: makes absolutely no sense. This administration came into office with 292 00:16:12,840 --> 00:16:14,960 Speaker 1: the attitude that they were going to be different than 293 00:16:15,120 --> 00:16:19,560 Speaker 1: than the previous administration, different than Donald Trump, and yet 294 00:16:19,640 --> 00:16:23,800 Speaker 1: they seemed to replicate some of his worst instincts. Genie, 295 00:16:23,800 --> 00:16:26,960 Speaker 1: should you have said something on Monday, he absolutely should have. 296 00:16:27,040 --> 00:16:29,960 Speaker 1: Rick is exactly exactly right. They needed to get ahead 297 00:16:29,960 --> 00:16:32,000 Speaker 1: of this. They found themselves behind, and they're going to 298 00:16:32,080 --> 00:16:34,640 Speaker 1: pay for it. All right, hold your thoughts, full blown 299 00:16:34,680 --> 00:16:37,480 Speaker 1: panel next with Rick and Genie on this. It was 300 00:16:37,560 --> 00:16:45,080 Speaker 1: under the corvette. I'm Joe Matthew, this is Bloomberg life 301 00:16:45,120 --> 00:16:52,560 Speaker 1: to buy material next year? Corvette? What were you thinking? People? 302 00:16:52,560 --> 00:16:56,640 Speaker 1: And by the way, my corvette in the lock parage. Okay, 303 00:16:56,680 --> 00:16:58,360 Speaker 1: so it's not like you're sitting out in the street 304 00:16:58,600 --> 00:17:02,640 Speaker 1: clean any rate. Yes, as well as my corvette. But see, 305 00:17:02,800 --> 00:17:07,600 Speaker 1: I like most is the set up rays here and 306 00:17:07,680 --> 00:17:14,000 Speaker 1: you feel like you're complete controlled. This is yes, you know, 307 00:17:14,040 --> 00:17:15,680 Speaker 1: I had to bring Jeff back into this. He was 308 00:17:15,720 --> 00:17:19,000 Speaker 1: a big car guy. I bet he would have loved 309 00:17:19,040 --> 00:17:23,800 Speaker 1: that nineteen sixties Corvette sting ray the documents. Maybe not 310 00:17:25,840 --> 00:17:30,639 Speaker 1: as President Biden today shows up to talk inflation, and 311 00:17:30,760 --> 00:17:35,399 Speaker 1: that happened, generating the headline of the terminal. Biden's exposure 312 00:17:35,480 --> 00:17:38,800 Speaker 1: on files widens after Garland orders broke. Here we go 313 00:17:39,560 --> 00:17:44,600 Speaker 1: again and again, and it's times like these of course 314 00:17:44,640 --> 00:17:48,360 Speaker 1: we need our panel Rick Davis and Genie Chanzano Bloomberg 315 00:17:48,560 --> 00:17:54,680 Speaker 1: Politics contributors. As we learn more with each passing day, 316 00:17:54,720 --> 00:17:57,520 Speaker 1: it seems just not from the White House itself and 317 00:17:57,600 --> 00:18:00,800 Speaker 1: Genie Chanzeo that has been the problem here, Right, Why 318 00:18:00,840 --> 00:18:04,399 Speaker 1: not say at all when this first emerged at the 319 00:18:04,440 --> 00:18:07,040 Speaker 1: beginning of the week, that's right, you know, Joe, I 320 00:18:07,080 --> 00:18:09,480 Speaker 1: thought we might hear some prints, but I guess Jeff 321 00:18:09,520 --> 00:18:12,320 Speaker 1: Beck today is much more appropriate. So well done, Joe, 322 00:18:12,400 --> 00:18:15,639 Speaker 1: Matthew Um it is absolutely the problem. I mean, you know, 323 00:18:15,800 --> 00:18:18,280 Speaker 1: they kept this quiet. What we understand now when you 324 00:18:18,320 --> 00:18:21,320 Speaker 1: went through the timeline beautifully, is if this was found 325 00:18:21,320 --> 00:18:24,720 Speaker 1: on December twenty and we didn't even get the leak 326 00:18:24,840 --> 00:18:28,359 Speaker 1: until around the eighth or the ninth of January, why 327 00:18:28,560 --> 00:18:31,400 Speaker 1: did they up to you skate so much and avoid 328 00:18:31,680 --> 00:18:34,200 Speaker 1: putting out the information? You know, it is the first 329 00:18:34,320 --> 00:18:36,679 Speaker 1: rule of lawyering. It is the first rule of PR 330 00:18:36,720 --> 00:18:40,560 Speaker 1: crisis management. You don't try to hide things because when 331 00:18:40,600 --> 00:18:43,560 Speaker 1: they come out, the situation gets worse. And you know, 332 00:18:43,680 --> 00:18:46,520 Speaker 1: I don't understand it because the President and the team 333 00:18:46,560 --> 00:18:49,359 Speaker 1: have been saying this was just an inadvertent error on 334 00:18:49,440 --> 00:18:51,840 Speaker 1: their part, This was just a mistake. If it is 335 00:18:52,000 --> 00:18:54,760 Speaker 1: that kind of mistake, and we you know, I believe 336 00:18:54,800 --> 00:18:57,919 Speaker 1: it may have been, why hide the finding of the 337 00:18:58,040 --> 00:19:00,920 Speaker 1: second and third set of documents? It doesn't make any sense. 338 00:19:01,119 --> 00:19:03,199 Speaker 1: So what what did we really learn here today? Rick? 339 00:19:03,280 --> 00:19:05,520 Speaker 1: What is the discovery of more and then even an 340 00:19:05,560 --> 00:19:09,840 Speaker 1: additional document due to this story? If they were continually 341 00:19:09,880 --> 00:19:13,240 Speaker 1: referred back to the archives and sent to the d 342 00:19:13,359 --> 00:19:18,840 Speaker 1: o J for review, where's the crime? So um it 343 00:19:19,000 --> 00:19:23,320 Speaker 1: is it is against the rules of handling uh top 344 00:19:23,359 --> 00:19:26,400 Speaker 1: secret or classified information to bring them home. So you've 345 00:19:26,440 --> 00:19:30,639 Speaker 1: broken rules. Whether there's a crime involved, um is up 346 00:19:30,640 --> 00:19:34,000 Speaker 1: to the d o J to decide. But it leaves 347 00:19:34,040 --> 00:19:36,119 Speaker 1: the door wide open on this case. In other words, 348 00:19:36,560 --> 00:19:38,080 Speaker 1: you know, when we thought it was just one set 349 00:19:38,080 --> 00:19:41,000 Speaker 1: of documents, you know, they found it in in a 350 00:19:41,240 --> 00:19:44,560 Speaker 1: specific location in the office, and the door was kind 351 00:19:44,560 --> 00:19:46,280 Speaker 1: of shut, and it was like, okay, if it's just that, 352 00:19:46,520 --> 00:19:48,560 Speaker 1: and you know, you kind of sort of get the 353 00:19:48,640 --> 00:19:51,000 Speaker 1: joke on it, even though it's not supposed to happen. 354 00:19:51,560 --> 00:19:55,320 Speaker 1: But now there's another set. Now there's another document. I mean, like, 355 00:19:55,800 --> 00:19:58,560 Speaker 1: is this something we're going to hear for the next 356 00:19:58,800 --> 00:20:01,920 Speaker 1: you know, two or three months that oh yeah, there 357 00:20:02,000 --> 00:20:04,000 Speaker 1: was this old shoe and there was a wrinkled up 358 00:20:04,040 --> 00:20:07,240 Speaker 1: document in the old shoe, and oh my god, there 359 00:20:07,280 --> 00:20:08,959 Speaker 1: was a dirty pair of underwear and there was a 360 00:20:08,960 --> 00:20:11,600 Speaker 1: place of a document in there. And I mean, honestly, 361 00:20:11,640 --> 00:20:13,960 Speaker 1: it just leaves the door wide open. Can anybody believe 362 00:20:14,040 --> 00:20:18,080 Speaker 1: now that they've looked everywhere and that there's no more 363 00:20:18,480 --> 00:20:22,919 Speaker 1: classified information in the possession of you know, Joe Biden 364 00:20:23,160 --> 00:20:26,040 Speaker 1: and and or his family. Uh, that is going to 365 00:20:26,119 --> 00:20:28,760 Speaker 1: continue to make news. And I think that's the biggest 366 00:20:28,800 --> 00:20:31,760 Speaker 1: problem both d o J and the Biden's have, which 367 00:20:31,840 --> 00:20:35,880 Speaker 1: is now you can't stop the questions. And there's one man, 368 00:20:36,240 --> 00:20:38,840 Speaker 1: was probably more than one, but at least one man 369 00:20:38,880 --> 00:20:40,960 Speaker 1: who will in fact be going out of his way 370 00:20:40,960 --> 00:20:43,560 Speaker 1: to keep this in the news four months. It could 371 00:20:43,600 --> 00:20:45,560 Speaker 1: go from that committee or others. But I think Congress 372 00:20:45,560 --> 00:20:48,119 Speaker 1: has to investigate this. Here's an individual that's been in 373 00:20:48,200 --> 00:20:50,399 Speaker 1: office for more than forty years. Here's an individual that 374 00:20:50,480 --> 00:20:54,200 Speaker 1: set on sixty minutes, that was so concerned about President 375 00:20:54,240 --> 00:20:56,959 Speaker 1: Trump's documents locked in behind, and now we find it 376 00:20:57,200 --> 00:20:59,440 Speaker 1: just as a vice president keeping it for years out 377 00:20:59,440 --> 00:21:02,399 Speaker 1: in the open and different locations. I do not think 378 00:21:03,640 --> 00:21:07,600 Speaker 1: any American believes that justice should not be equal to all. 379 00:21:08,000 --> 00:21:10,920 Speaker 1: Kevin McCarthy, the new Speaker of the House, Genie, there's 380 00:21:10,960 --> 00:21:15,080 Speaker 1: going to be a congressional investigation, and uh, I'm guessing 381 00:21:15,080 --> 00:21:18,520 Speaker 1: they might not go as as easy as the Department 382 00:21:18,560 --> 00:21:21,520 Speaker 1: of Justice here. This this is gonna be racked with politics. 383 00:21:21,560 --> 00:21:24,399 Speaker 1: What's it going to look like? It's going to be ugly. 384 00:21:24,520 --> 00:21:26,719 Speaker 1: And you know, I think they too have to be 385 00:21:26,760 --> 00:21:30,200 Speaker 1: careful here. They've I don't understand this stepping on the story. 386 00:21:30,280 --> 00:21:32,959 Speaker 1: If your opponent is stepping in. It be quiet and 387 00:21:33,040 --> 00:21:35,760 Speaker 1: let them. McCarthy goes out and says these things. But 388 00:21:35,840 --> 00:21:38,480 Speaker 1: the reality is now you get a lot of Democrats 389 00:21:38,520 --> 00:21:41,639 Speaker 1: and moderates who say, why does McCarthy seem strangely so 390 00:21:41,720 --> 00:21:44,920 Speaker 1: much more animated about the Biden document in situation than 391 00:21:44,960 --> 00:21:47,760 Speaker 1: he does the Trump document situation? And if Congress is 392 00:21:47,760 --> 00:21:50,959 Speaker 1: going to investigate one, why not investigate the other? So 393 00:21:51,280 --> 00:21:54,639 Speaker 1: I think Republicans here have to be very careful about overreach. 394 00:21:54,920 --> 00:21:57,960 Speaker 1: I thought Mark Warner's tone yesterday about this was the 395 00:21:58,080 --> 00:22:01,639 Speaker 1: right tone, and McCarthy went well well beyond that. And 396 00:22:01,680 --> 00:22:04,120 Speaker 1: by the way, the sink piece you played to Justine's 397 00:22:04,320 --> 00:22:07,240 Speaker 1: question was so right on and spot onto the White 398 00:22:07,280 --> 00:22:10,199 Speaker 1: House Press secretary. It's stunning they can't answer that question 399 00:22:10,320 --> 00:22:13,600 Speaker 1: well it is, or or won't answer it right. So 400 00:22:13,880 --> 00:22:16,920 Speaker 1: it's a good question there, Rick, is the new Oversight 401 00:22:16,920 --> 00:22:20,159 Speaker 1: Committee planning to investigate the documents at marl Lago or 402 00:22:20,200 --> 00:22:23,000 Speaker 1: they figured the FBI has got that. Uh? You know, look, 403 00:22:23,040 --> 00:22:26,200 Speaker 1: I mean, nothing's fair in Congress and in the politics. 404 00:22:26,240 --> 00:22:30,000 Speaker 1: So Democrats had a chance to investigate Trump, uh and uh, 405 00:22:30,160 --> 00:22:32,760 Speaker 1: and they certainly did their share while he was president. 406 00:22:33,280 --> 00:22:35,440 Speaker 1: And and now the Republicans are going to do their part. 407 00:22:35,640 --> 00:22:38,960 Speaker 1: And and this is how politics matters, Right, when you 408 00:22:38,960 --> 00:22:40,639 Speaker 1: win an election, you get to set the rules. And 409 00:22:40,640 --> 00:22:44,879 Speaker 1: in this case, uh, it's certainly appropriate for Congress to 410 00:22:44,920 --> 00:22:46,120 Speaker 1: want to take a look at this. I mean, look, 411 00:22:46,160 --> 00:22:49,160 Speaker 1: we have a problem in this country that all these 412 00:22:49,200 --> 00:22:52,159 Speaker 1: documents are out floating around. Uh. This is supposed to 413 00:22:52,200 --> 00:22:55,280 Speaker 1: be heavily controlled, the best secrets of our country, and 414 00:22:55,320 --> 00:22:57,720 Speaker 1: we've got them in you know, in you know, wine 415 00:22:57,720 --> 00:23:02,560 Speaker 1: closets and and and corvette garages. I mean, this is 416 00:23:02,600 --> 00:23:06,040 Speaker 1: not a country that respects its own confidential So does 417 00:23:06,080 --> 00:23:09,320 Speaker 1: this beg for a new system here? I mean, how 418 00:23:09,320 --> 00:23:12,040 Speaker 1: do you My goodness, we're talking about two presidents in 419 00:23:12,160 --> 00:23:14,880 Speaker 1: very recent memory, Genie, but we also know that administrations 420 00:23:14,880 --> 00:23:17,600 Speaker 1: through the pastive had issues with the Presidential Records Act. 421 00:23:18,160 --> 00:23:20,920 Speaker 1: That's right, and it is such an important conversation. I mean, 422 00:23:21,080 --> 00:23:23,719 Speaker 1: with the technology we have today, are you telling me 423 00:23:23,800 --> 00:23:27,040 Speaker 1: we can't keep better track of classified documents. I leave 424 00:23:27,119 --> 00:23:29,919 Speaker 1: my local library, they know where that book goes. And 425 00:23:29,960 --> 00:23:33,200 Speaker 1: you're telling me they're taking documents out. And to Rick's point, 426 00:23:33,240 --> 00:23:35,560 Speaker 1: they're in garages, they're in you know, closets, they're in 427 00:23:35,600 --> 00:23:38,720 Speaker 1: people's homes and nobody knows about it. There has got 428 00:23:38,720 --> 00:23:40,800 Speaker 1: to be a better way. And if Congress was going 429 00:23:40,840 --> 00:23:44,480 Speaker 1: to do serious business and serious investigation, they would consider 430 00:23:44,480 --> 00:23:47,600 Speaker 1: the fact that multiple presidents and beyond presidents, I mean, 431 00:23:47,600 --> 00:23:50,520 Speaker 1: we've had former CIA directors and others who have been 432 00:23:50,720 --> 00:23:53,399 Speaker 1: had this problem. They've got to get their handle around 433 00:23:53,480 --> 00:23:56,240 Speaker 1: the classification issue. And by the way, a flip side 434 00:23:56,280 --> 00:23:58,520 Speaker 1: of this is we have an over classification problem in 435 00:23:58,520 --> 00:24:02,160 Speaker 1: this country as well and should be addressed equally. Well, boy, 436 00:24:02,440 --> 00:24:05,240 Speaker 1: you set a lot there, and I do think it's 437 00:24:05,280 --> 00:24:08,280 Speaker 1: worth going back to that sixty minutes interview again. This 438 00:24:08,359 --> 00:24:13,600 Speaker 1: is Joe Biden in September, before the discovery of his 439 00:24:13,640 --> 00:24:16,879 Speaker 1: own documents, talking to Scott Pelly about Trump. And remember 440 00:24:16,880 --> 00:24:19,800 Speaker 1: that picture the box of the documents read all over 441 00:24:19,840 --> 00:24:25,560 Speaker 1: the floor. This is where Scott Pelly started the conversation 442 00:24:25,560 --> 00:24:28,280 Speaker 1: with Joe Biden. What did you think to yourself looking 443 00:24:28,280 --> 00:24:34,320 Speaker 1: at that image, how that could possibly happen? How on 444 00:24:34,520 --> 00:24:38,480 Speaker 1: anyone could be that irresponsible? I guess he does know, though, Rick, 445 00:24:38,560 --> 00:24:41,520 Speaker 1: how that could possibly happen? Yeah, now he does, and 446 00:24:41,640 --> 00:24:43,800 Speaker 1: uh and he probably already did. Well he did then 447 00:24:44,000 --> 00:24:48,800 Speaker 1: probably probably should not and have made any comments about 448 00:24:48,800 --> 00:24:53,000 Speaker 1: an ongoing DJ investigation, especially if he could remember that 449 00:24:53,080 --> 00:24:57,280 Speaker 1: he had actually had in his possession classified documents. I mean, honestly, 450 00:24:57,320 --> 00:25:00,560 Speaker 1: this whole thing just looks like another botched White House 451 00:25:01,080 --> 00:25:04,360 Speaker 1: situation where they've dropped the ball and tried to cover 452 00:25:04,400 --> 00:25:06,919 Speaker 1: it up. I mean, like we really would hope that 453 00:25:06,960 --> 00:25:10,520 Speaker 1: the Biden administration would raise the bar on how they 454 00:25:10,560 --> 00:25:13,720 Speaker 1: deal with the American public and and be much more transparent. 455 00:25:14,480 --> 00:25:17,000 Speaker 1: Uh and and not play this catchman if you can game. 456 00:25:17,359 --> 00:25:20,199 Speaker 1: Listen again to speaker Kevin McCarthy. He held his his 457 00:25:20,280 --> 00:25:23,280 Speaker 1: first formal news conference in Statutory Hall. He goes on 458 00:25:23,359 --> 00:25:26,480 Speaker 1: sixty minutes criticized his President Trump, even knowing what he 459 00:25:26,560 --> 00:25:29,000 Speaker 1: has done, and he wasn't president at the time. Now 460 00:25:29,040 --> 00:25:32,240 Speaker 1: we find another location that it's at, but he refused 461 00:25:32,240 --> 00:25:36,879 Speaker 1: to answer. His press secretary won't answer the questions. You 462 00:25:36,960 --> 00:25:40,760 Speaker 1: watched them leak photos of sitting out files of President Trump. 463 00:25:41,040 --> 00:25:44,879 Speaker 1: Where's the photos President Biden's documents? Obviously he's going to 464 00:25:44,960 --> 00:25:47,320 Speaker 1: be crying about the double standard here that that he 465 00:25:47,359 --> 00:25:51,280 Speaker 1: sees existing. But he's suggesting that Joe Biden misled the 466 00:25:51,320 --> 00:25:54,800 Speaker 1: public genie. Is that fair? Is that true? Well, in 467 00:25:54,840 --> 00:25:57,119 Speaker 1: the last few days. It certainly does feel that the 468 00:25:57,160 --> 00:26:01,639 Speaker 1: White House Press team, the PR people, whether Joe Biden himself, 469 00:26:01,680 --> 00:26:05,160 Speaker 1: I think is another question, have really gotten themselves into 470 00:26:05,160 --> 00:26:07,800 Speaker 1: a hole. So, you know, misled. I think they are 471 00:26:07,840 --> 00:26:10,840 Speaker 1: trying to you know, they are trying to make the 472 00:26:10,920 --> 00:26:13,360 Speaker 1: most of a really bad situation. I would just give 473 00:26:13,400 --> 00:26:16,880 Speaker 1: one example. He seems sort of indignant when reporters asked 474 00:26:16,920 --> 00:26:19,600 Speaker 1: him about the garage and he's screaming, oh, it was locked. 475 00:26:20,000 --> 00:26:23,040 Speaker 1: That's not the point. The point is you had classified 476 00:26:23,080 --> 00:26:25,800 Speaker 1: information at home. So Joe Biden, to Rick's point on 477 00:26:25,880 --> 00:26:29,560 Speaker 1: sixty minutes, you know, stop talking at some point and 478 00:26:29,640 --> 00:26:33,160 Speaker 1: let the let the investigation proceed, and the White House 479 00:26:33,160 --> 00:26:35,600 Speaker 1: Press team has to do its job of stepping up 480 00:26:35,600 --> 00:26:38,000 Speaker 1: and saying this is what we know, and being honest 481 00:26:38,040 --> 00:26:39,880 Speaker 1: about it. It's not lost on us. By the way, 482 00:26:39,920 --> 00:26:42,840 Speaker 1: they had John Kirby start the briefing today. This is 483 00:26:42,880 --> 00:26:46,760 Speaker 1: the spokesman for the National Security apparatus inside the White House. 484 00:26:47,080 --> 00:26:50,679 Speaker 1: He talked Rick about everything from Ukraine to Russia on 485 00:26:50,840 --> 00:26:57,120 Speaker 1: down Japan computer chips. It was justin sync the aforementioned 486 00:26:57,160 --> 00:27:00,359 Speaker 1: Bloomberg White House reporter who had to ask skin I 487 00:27:00,359 --> 00:27:02,760 Speaker 1: can play it for You had to ask John Kirby 488 00:27:02,800 --> 00:27:06,760 Speaker 1: to step aside so they could question Karine Sean Pierre 489 00:27:06,800 --> 00:27:09,560 Speaker 1: about this issue. Uh. I guess you know when you 490 00:27:09,600 --> 00:27:12,200 Speaker 1: see Kirby come out ahead of the Press Secretary, Rick, 491 00:27:12,240 --> 00:27:15,920 Speaker 1: you know you know something's different. Well, yeah, and look, 492 00:27:15,960 --> 00:27:19,119 Speaker 1: I mean we should hear about the Ukraine, and we 493 00:27:19,040 --> 00:27:22,520 Speaker 1: we it's an important topic. But um, it's a it's 494 00:27:22,560 --> 00:27:26,959 Speaker 1: obvious attempt to kind of shield the Press Secretary from 495 00:27:27,040 --> 00:27:29,520 Speaker 1: the criticism that everybody knew she was gonna get and 496 00:27:29,920 --> 00:27:32,320 Speaker 1: clearly put her out there without any ability to answer 497 00:27:32,440 --> 00:27:35,800 Speaker 1: questions in an intelligent way. Ricks. Not a big day 498 00:27:35,840 --> 00:27:39,560 Speaker 1: for the White House, that's for sure understood. This is 499 00:27:39,600 --> 00:27:46,840 Speaker 1: Bloomberg So On with Joe Matthew on Bloomberg Radio. Bloomberg's 500 00:27:46,840 --> 00:27:49,480 Speaker 1: Sound On brought to you by Innovation Refunds. This is 501 00:27:49,480 --> 00:27:52,480 Speaker 1: your daily reminder from Innovation Refunds. Your business may be 502 00:27:52,600 --> 00:27:56,399 Speaker 1: eligible to receive a payroll tax refund. Yeah. The application 503 00:27:56,440 --> 00:27:59,240 Speaker 1: takes arout eight minutes eight minutes or less to see 504 00:27:59,240 --> 00:28:01,760 Speaker 1: if you're small, medium sized business and maybe eligible for 505 00:28:01,880 --> 00:28:04,480 Speaker 1: a refund of up to twenty six dollars per employee 506 00:28:04,600 --> 00:28:07,200 Speaker 1: kept on the payroll. During the pandemic find out I 507 00:28:07,320 --> 00:28:11,320 Speaker 1: get refunds dot com. So it was supposed to be 508 00:28:11,400 --> 00:28:13,560 Speaker 1: a good news morning. You were there at eight thirty 509 00:28:13,720 --> 00:28:16,840 Speaker 1: right watching the terminal before the markets opened, the c 510 00:28:17,040 --> 00:28:19,200 Speaker 1: p I. You heard Nancy mention it, you heard Doug 511 00:28:19,240 --> 00:28:26,159 Speaker 1: mention it. Matching forecasts, and so the White House we 512 00:28:26,640 --> 00:28:29,879 Speaker 1: get out there and take some credit for the news 513 00:28:29,960 --> 00:28:32,920 Speaker 1: and make a little more President Biden, even though inflash 514 00:28:33,119 --> 00:28:36,600 Speaker 1: is high and major economies around the world is coming 515 00:28:36,640 --> 00:28:40,160 Speaker 1: down in America month after month, giving families some real 516 00:28:40,200 --> 00:28:43,360 Speaker 1: breathing room. And the big reason it is falling gas prices. 517 00:28:43,880 --> 00:28:46,680 Speaker 1: My administration took action to get oil onto the market 518 00:28:47,120 --> 00:28:50,280 Speaker 1: and bring down prices. Now gas is down more than 519 00:28:50,320 --> 00:28:53,840 Speaker 1: a dollar seventy from its peak. Consumer prices up six 520 00:28:53,880 --> 00:28:56,920 Speaker 1: point five year to year the twelve months through December. 521 00:28:58,040 --> 00:29:00,640 Speaker 1: That is the slowest inflation rate in more than a year. 522 00:29:00,680 --> 00:29:03,800 Speaker 1: Core inflation without food and energy was up five point 523 00:29:03,920 --> 00:29:07,200 Speaker 1: seven over that same period, and the President spoke to 524 00:29:07,280 --> 00:29:10,480 Speaker 1: core food prices are still stubbornly high. Food inflation is 525 00:29:10,520 --> 00:29:13,719 Speaker 1: slowing as well. Last months we saw the smallest increase 526 00:29:13,760 --> 00:29:16,640 Speaker 1: in food prices in almost two years, and much of 527 00:29:16,680 --> 00:29:19,800 Speaker 1: that increase was due to the Avian flu outbreak, which 528 00:29:19,840 --> 00:29:23,160 Speaker 1: has driven up the egg prices around in the United States. 529 00:29:24,000 --> 00:29:26,760 Speaker 1: It's not just gas and food prices though. We look 530 00:29:26,800 --> 00:29:30,760 Speaker 1: at what economists called core inflation, which takes out energy 531 00:29:30,800 --> 00:29:34,200 Speaker 1: and food, we see welcome news as well. Core inflation 532 00:29:34,280 --> 00:29:37,160 Speaker 1: is down to the lowest level in a year, lowest 533 00:29:37,520 --> 00:29:41,600 Speaker 1: in a year. Everyone's talking about eggs today. Up eggs 534 00:29:41,640 --> 00:29:46,280 Speaker 1: are the Earth and new oil Marks Andy is joining us. 535 00:29:46,480 --> 00:29:50,040 Speaker 1: I'm glad to say, chief economists at Moody's Analytics, Mark, 536 00:29:50,120 --> 00:29:52,480 Speaker 1: welcome back. Always my pleasure to have you. Are you 537 00:29:52,520 --> 00:29:55,760 Speaker 1: looking at this report as good news or are you 538 00:29:55,800 --> 00:29:58,000 Speaker 1: still worried about food prices and some of these other 539 00:29:58,000 --> 00:30:02,960 Speaker 1: more sticky items. Well, uh, can I do both, Joe? 540 00:30:03,000 --> 00:30:05,400 Speaker 1: I thought, great, dudes, and I am worried about those 541 00:30:05,400 --> 00:30:08,680 Speaker 1: sticky prices. For sure. I mean good news because it's 542 00:30:08,680 --> 00:30:12,520 Speaker 1: clear inflation has peaked definitively, and all the trend lines 543 00:30:12,600 --> 00:30:15,440 Speaker 1: look good and suggest that inflation is going to continue 544 00:30:15,440 --> 00:30:17,239 Speaker 1: to moderate. I'm going to take a while to get 545 00:30:17,280 --> 00:30:19,880 Speaker 1: back to the Fed's target, but we're definitely on our way. 546 00:30:20,600 --> 00:30:23,440 Speaker 1: But you know, inflation is still painfully high six and 547 00:30:24,280 --> 00:30:26,920 Speaker 1: is high and just to put that into context, the 548 00:30:27,080 --> 00:30:31,360 Speaker 1: typical American household needs to spend three dollars more a 549 00:30:31,400 --> 00:30:33,520 Speaker 1: month to buy the same goods and services that they 550 00:30:33,520 --> 00:30:36,160 Speaker 1: were buying this time last year because of the high inflation. 551 00:30:36,200 --> 00:30:38,959 Speaker 1: So you know, uh, we're making a lot of progress here. 552 00:30:39,000 --> 00:30:41,280 Speaker 1: Everything looks like it's movement in the right direction. But 553 00:30:41,360 --> 00:30:43,040 Speaker 1: you know, we've got to get there sooner rather than 554 00:30:43,160 --> 00:30:46,479 Speaker 1: later because definitely causing a lot of financial pain for 555 00:30:46,640 --> 00:30:50,360 Speaker 1: many Americans. If this hit forecast, does it do anything 556 00:30:50,400 --> 00:30:55,160 Speaker 1: to your own expectations for the FED or for the economy, Well, 557 00:30:55,200 --> 00:30:58,120 Speaker 1: it's consistent with what I expected. Uh. You know, I'm 558 00:30:58,240 --> 00:31:02,840 Speaker 1: I'm growing increasingly confident that inflation will continue to moderate here, 559 00:31:03,200 --> 00:31:05,800 Speaker 1: and it just makes me more confident that the fit's 560 00:31:05,840 --> 00:31:08,360 Speaker 1: gonna start scaling back the rig inquestions. You talked about 561 00:31:08,360 --> 00:31:10,520 Speaker 1: the quarter point hike when they meet in a couple 562 00:31:10,560 --> 00:31:12,840 Speaker 1: of weeks. That sounds about right to me. Maybe two 563 00:31:12,960 --> 00:31:14,840 Speaker 1: three more quarter point rate hikes, and I think that's 564 00:31:14,840 --> 00:31:17,880 Speaker 1: the end of it, you know, I think at that point, yeah, 565 00:31:17,880 --> 00:31:19,280 Speaker 1: we'll have done what they need to do to get 566 00:31:19,320 --> 00:31:24,120 Speaker 1: inflation back down to target and keep the economy. I 567 00:31:24,160 --> 00:31:27,200 Speaker 1: think the other good, good thing happening here is that 568 00:31:27,280 --> 00:31:30,320 Speaker 1: this is all happening reasonably, gracefully. I don't think it's 569 00:31:30,320 --> 00:31:33,240 Speaker 1: going to require a recession. Get inflation back in the 570 00:31:33,240 --> 00:31:36,000 Speaker 1: bottle from your lips to God's ears. You heard the 571 00:31:36,000 --> 00:31:40,640 Speaker 1: President mentioned Avian flew uh mark. What what's up with 572 00:31:40,840 --> 00:31:43,200 Speaker 1: food prices? Is this still a supply chain issue or 573 00:31:43,240 --> 00:31:47,600 Speaker 1: is this is a demand issue? Oh no, this is 574 00:31:47,640 --> 00:31:49,720 Speaker 1: a spy slight stuff that a influence a big deal. 575 00:31:49,800 --> 00:31:52,400 Speaker 1: It's really caused that. You know. That explains the egg 576 00:31:52,440 --> 00:31:55,680 Speaker 1: prices for sure. But you know the other thing that's 577 00:31:55,680 --> 00:31:58,440 Speaker 1: going on is diesel. You know, diesel, diesels come down, 578 00:31:58,520 --> 00:32:01,000 Speaker 1: diesel because the diesel has come down, but it's still 579 00:32:01,120 --> 00:32:05,320 Speaker 1: very elevated. Of course, a big part of food prices 580 00:32:05,440 --> 00:32:07,720 Speaker 1: is getting that food from the farm the ranch to 581 00:32:07,760 --> 00:32:11,640 Speaker 1: the store shelf. So diesel prices are high, actius to 582 00:32:11,680 --> 00:32:14,360 Speaker 1: be food inflation. But no, that's also moving in the 583 00:32:14,440 --> 00:32:16,360 Speaker 1: right direction. I think that should take some pressure off 584 00:32:16,480 --> 00:32:18,680 Speaker 1: food prices. You're going forward. And of course you know 585 00:32:18,680 --> 00:32:22,480 Speaker 1: the Russian in Asia and Ukraine I caused qual agricultural 586 00:32:22,520 --> 00:32:26,920 Speaker 1: prices to jump, and particularly fertilizer Joe, that's heat. You know, 587 00:32:27,000 --> 00:32:30,080 Speaker 1: obviously a lot of vegetables and fruits and things, and 588 00:32:30,720 --> 00:32:32,320 Speaker 1: a lot of that comes from Russia and so that's 589 00:32:32,360 --> 00:32:37,160 Speaker 1: been disrupted. So mostly supplic side, this isn't the inside Well, 590 00:32:37,160 --> 00:32:39,320 Speaker 1: it's really something to consider after what we have been 591 00:32:39,320 --> 00:32:41,600 Speaker 1: through here, and I you know, you add China to 592 00:32:41,600 --> 00:32:45,200 Speaker 1: the equation mark. Uh. If China can somehow figure out 593 00:32:45,240 --> 00:32:49,080 Speaker 1: COVID and and there really is a grand reopening, are 594 00:32:49,120 --> 00:32:53,840 Speaker 1: all bets off? Well, I you know I did, They'll 595 00:32:53,880 --> 00:32:56,120 Speaker 1: figure it out. I mean, I think you know, clearly 596 00:32:56,800 --> 00:32:58,360 Speaker 1: a lot of people are sick and it's going to 597 00:32:58,400 --> 00:33:01,000 Speaker 1: take them a bit of time to work through all this. 598 00:33:01,120 --> 00:33:03,800 Speaker 1: But but wouldn't that set inflation higher again? If China 599 00:33:03,840 --> 00:33:05,920 Speaker 1: starts buying a lot of stuff, we get another growth 600 00:33:05,960 --> 00:33:09,600 Speaker 1: story there. Yeah. Well, I mean we will add to 601 00:33:09,680 --> 00:33:13,680 Speaker 1: inflationary pressures and in terms of commodities, oil will probably 602 00:33:13,720 --> 00:33:15,200 Speaker 1: go back up. So I don't think we can count 603 00:33:15,280 --> 00:33:18,320 Speaker 1: on sub eighty dollar oil for for very long once 604 00:33:18,400 --> 00:33:21,120 Speaker 1: China kicks in. But you know, I don't think I 605 00:33:21,160 --> 00:33:23,560 Speaker 1: don't think the Chinese is gonna come moar and back. Uh. 606 00:33:23,720 --> 00:33:25,560 Speaker 1: You know, it's gonna come back, but it's got a 607 00:33:25,640 --> 00:33:27,800 Speaker 1: boatload of issues that's gonna have to work through that 608 00:33:27,880 --> 00:33:31,400 Speaker 1: go well beyond COVID and so you know, the economy 609 00:33:31,440 --> 00:33:33,560 Speaker 1: will improve later this year, and we will see some 610 00:33:33,600 --> 00:33:35,640 Speaker 1: bump to Claudi oil prices, but I don't think it's 611 00:33:35,640 --> 00:33:40,160 Speaker 1: gonna be enough to disrupt this continuing improvement in inflation 612 00:33:40,200 --> 00:33:42,680 Speaker 1: here at home. Well, I say, I'm feeling pretty good. 613 00:33:43,920 --> 00:33:46,400 Speaker 1: I'm feeling good talking to Mark Sandy. Everything is good here. 614 00:33:46,520 --> 00:33:49,600 Speaker 1: We're gonna we're not gonna have a recession. Inflation is peaked, 615 00:33:50,400 --> 00:33:54,680 Speaker 1: not too worried about China. Mark, what else do we need? Yeah, well, 616 00:33:55,600 --> 00:33:57,800 Speaker 1: I think that's right. I mean, think about the data 617 00:33:57,840 --> 00:33:59,560 Speaker 1: we've been getting of the last couple of three months. 618 00:33:59,560 --> 00:34:02,600 Speaker 1: It's been pretty darn good in the context of all 619 00:34:02,640 --> 00:34:05,200 Speaker 1: the bad economic user we were getting before that. So 620 00:34:05,480 --> 00:34:07,880 Speaker 1: it really does feel pretty good now. Having said all 621 00:34:07,920 --> 00:34:11,720 Speaker 1: of that, obviously, I think you know, things, stuff happens, uh, 622 00:34:11,760 --> 00:34:14,640 Speaker 1: and you know, hard to gauge with. You know, the 623 00:34:14,680 --> 00:34:19,200 Speaker 1: Russian Russia is still creating problems and in Ukraine, and 624 00:34:19,320 --> 00:34:21,919 Speaker 1: you know, I guess you mentioned China the tensions there, 625 00:34:22,000 --> 00:34:24,680 Speaker 1: So there's a lot of other geopolitical flashman. So you know, 626 00:34:25,640 --> 00:34:28,600 Speaker 1: it's not gonna take a lot of bad to push 627 00:34:28,640 --> 00:34:30,799 Speaker 1: his cinder recession. But you know, with a little bit 628 00:34:30,840 --> 00:34:33,560 Speaker 1: of luck, Joe, assuming you know, we can kind of 629 00:34:33,640 --> 00:34:36,840 Speaker 1: navigate through with some none other shock hitting us. I 630 00:34:37,080 --> 00:34:40,759 Speaker 1: think we can get through this without without recession. Oh boy, 631 00:34:41,120 --> 00:34:42,960 Speaker 1: let's hope this. I like what I'm hearing. Great to 632 00:34:43,000 --> 00:34:44,960 Speaker 1: talk to you, Mark, Bring more of this, bring more 633 00:34:44,960 --> 00:34:48,480 Speaker 1: of this back marks any time, always a pleasure Moody's Analytics. 634 00:34:48,520 --> 00:34:51,240 Speaker 1: The chief economists to the panel with this, Rick Davis 635 00:34:51,280 --> 00:34:56,120 Speaker 1: and Jeannie Chanzano uh Ginnie in the White House claim 636 00:34:56,239 --> 00:34:59,840 Speaker 1: victory over inflation if it's peaked or do they have 637 00:35:00,000 --> 00:35:01,759 Speaker 1: to be careful about the way the way they framed 638 00:35:01,840 --> 00:35:03,759 Speaker 1: this because this may not be going down in a 639 00:35:03,800 --> 00:35:06,000 Speaker 1: straight line and it might take a long time. Yeah, 640 00:35:06,120 --> 00:35:08,600 Speaker 1: you know, I would stay away from claiming victory, but 641 00:35:08,880 --> 00:35:11,759 Speaker 1: I thought Biden's tone today, if if the message could 642 00:35:11,760 --> 00:35:14,399 Speaker 1: have gotten out over the other story was a good one, 643 00:35:14,440 --> 00:35:17,280 Speaker 1: which is that we are moving in the right direction. 644 00:35:17,400 --> 00:35:20,200 Speaker 1: The momentum is on our side. Think about two years 645 00:35:20,239 --> 00:35:23,200 Speaker 1: ago when I got here, meaning Biden, and how much 646 00:35:23,239 --> 00:35:26,439 Speaker 1: improvement we've made, you know, to Mark's point, six point 647 00:35:26,560 --> 00:35:29,080 Speaker 1: five is still a lot of pain in people's lives. 648 00:35:29,120 --> 00:35:31,280 Speaker 1: So you don't want to pretend that things are great, 649 00:35:31,600 --> 00:35:33,680 Speaker 1: but you do want to say, six months in the 650 00:35:33,840 --> 00:35:37,160 Speaker 1: right direction is very good news for the country, very 651 00:35:37,200 --> 00:35:39,439 Speaker 1: good news for the American people were on the right track. 652 00:35:39,680 --> 00:35:41,440 Speaker 1: And I'll tell you it's also very good news for 653 00:35:41,560 --> 00:35:43,840 Speaker 1: Jerome Powell. He was getting hit hard by people like 654 00:35:43,920 --> 00:35:46,960 Speaker 1: Elizabeth Warren and others that he was risking recession. But 655 00:35:47,560 --> 00:35:50,160 Speaker 1: you know, so far, so good if we if we 656 00:35:50,520 --> 00:35:53,759 Speaker 1: avoid a recession. Rick, does Joe Biden get reelected? I 657 00:35:53,840 --> 00:35:57,120 Speaker 1: think Joe Biden gets reelected without a recession, depending upon 658 00:35:57,160 --> 00:35:59,960 Speaker 1: who he's running against. And the one decision I think 659 00:36:00,040 --> 00:36:03,120 Speaker 1: needs to make is make Mark Zany his economic advisor. 660 00:36:04,360 --> 00:36:06,600 Speaker 1: I think you actually used to work with Mark Sandy again. 661 00:36:06,680 --> 00:36:10,120 Speaker 1: He's at Moody's. We're at Bloomberg. Rick and Genie will 662 00:36:10,120 --> 00:36:12,440 Speaker 1: be up next for the latest on George Santos. He 663 00:36:12,520 --> 00:36:18,719 Speaker 1: says he's going nowhere. This is Bloomberg. This is Bloomberg. 664 00:36:18,880 --> 00:36:25,440 Speaker 1: So no with Joe Matthew on Bloomberg Radio. Another Funday 665 00:36:25,560 --> 00:36:28,680 Speaker 1: running through hallways for George Santos. He's got to be 666 00:36:28,760 --> 00:36:32,239 Speaker 1: getting a workout in his new job in Washington, right, 667 00:36:32,280 --> 00:36:34,560 Speaker 1: I mean, really just running as fast as he can't 668 00:36:34,600 --> 00:36:38,680 Speaker 1: have halls, and God knows the reporters, they they they're 669 00:36:38,760 --> 00:36:42,040 Speaker 1: just breathless. It's never gonna end until he holds a 670 00:36:42,120 --> 00:36:45,520 Speaker 1: news conference or something. I'll walk you through a couple 671 00:36:45,600 --> 00:36:48,520 Speaker 1: of these, reminding you yesterday, we talked about this. Last night, 672 00:36:48,640 --> 00:36:52,680 Speaker 1: Nassau County officials with the Republican Party of Nassau County 673 00:36:52,800 --> 00:36:56,040 Speaker 1: or are calling on him to resign, and that gave 674 00:36:56,120 --> 00:36:58,160 Speaker 1: reporters a whole new reason to chase him down. Law 675 00:36:59,400 --> 00:37:01,680 Speaker 1: to members of your own party calling for your resignation, 676 00:37:04,600 --> 00:37:10,800 Speaker 1: for you to resign, people after me to Resignno, okay, 677 00:37:10,840 --> 00:37:13,520 Speaker 1: did you hear that he was getting in the elevator. 678 00:37:13,560 --> 00:37:15,520 Speaker 1: He's way off the microphone. He says, if a hundred 679 00:37:15,560 --> 00:37:17,360 Speaker 1: and forty two people asked me to resign, then I 680 00:37:17,400 --> 00:37:21,560 Speaker 1: will resign a hundred forty two people. What do you 681 00:37:21,640 --> 00:37:24,919 Speaker 1: mean by that? It turns out he got a hundred 682 00:37:24,920 --> 00:37:31,640 Speaker 1: and forty two votes, got the elevator next time he 683 00:37:31,680 --> 00:37:34,480 Speaker 1: walked out the door. Cars Santos, what what is your 684 00:37:34,520 --> 00:37:36,920 Speaker 1: response to those that are calling for you to resign? Um, 685 00:37:37,000 --> 00:37:39,319 Speaker 1: I will not resign. I will be continue to hold 686 00:37:39,320 --> 00:37:41,080 Speaker 1: by office selected by the people. And how do you 687 00:37:41,120 --> 00:37:44,720 Speaker 1: feel like you're able to serve your people in the office, 688 00:37:45,400 --> 00:37:49,719 Speaker 1: and don't let the door hit you. Rick Davis and 689 00:37:49,760 --> 00:37:53,600 Speaker 1: Geenie Chanzano, I'm sure are have had their fill of this, 690 00:37:53,680 --> 00:37:56,560 Speaker 1: but we're gonna talk about it again because Kevin McCarthy 691 00:37:56,640 --> 00:37:58,719 Speaker 1: waiting again. Guys, here's the speaker. He's got a long 692 00:37:58,800 --> 00:38:00,880 Speaker 1: way to go to earn trust. But the one thing 693 00:38:00,960 --> 00:38:04,320 Speaker 1: I do know is you apply the constitution equal to 694 00:38:04,400 --> 00:38:07,839 Speaker 1: all Americans. The voters of his district have elected him, 695 00:38:08,239 --> 00:38:11,480 Speaker 1: he is seated, he is part of the Republican Conference. 696 00:38:12,440 --> 00:38:15,160 Speaker 1: There are concerns what it so he will go before ethics. 697 00:38:15,440 --> 00:38:17,920 Speaker 1: If anything is found to be wrong, he will be 698 00:38:18,000 --> 00:38:21,720 Speaker 1: held accountable exactly as anybody else in this body would be. Okay, 699 00:38:21,960 --> 00:38:26,200 Speaker 1: so nothing is about to change. It sounds like Rick 700 00:38:26,320 --> 00:38:29,120 Speaker 1: he says he'll resign when a hundred and forty two 701 00:38:29,160 --> 00:38:32,319 Speaker 1: thousand voters tell him to. And uh, I don't think 702 00:38:32,400 --> 00:38:35,880 Speaker 1: that's gonna happen, is it? Uh No, not gonna happen. 703 00:38:36,040 --> 00:38:38,440 Speaker 1: And I suspect if he makes it to a re election, 704 00:38:38,520 --> 00:38:43,000 Speaker 1: he'll find out exactly how those hundred voters feel about him. 705 00:38:43,040 --> 00:38:45,880 Speaker 1: But yeah, look, I mean he is more likely to 706 00:38:45,960 --> 00:38:49,400 Speaker 1: survive if he wants to go through the ignominy of 707 00:38:49,480 --> 00:38:51,960 Speaker 1: all these um walking through the halls and getting screened 708 00:38:52,000 --> 00:38:54,120 Speaker 1: up by reporters. Certainly not the first one to have 709 00:38:54,280 --> 00:38:57,680 Speaker 1: this happen. But um, it's unlikely that Congress would do 710 00:38:57,760 --> 00:39:01,520 Speaker 1: anything extreme like an expulsion. Uh. They've only done that 711 00:39:01,560 --> 00:39:04,719 Speaker 1: a few times five times in history, I think. So, Um, 712 00:39:04,920 --> 00:39:07,360 Speaker 1: you know, is he likely to get a you know, 713 00:39:07,560 --> 00:39:11,959 Speaker 1: censure or something like that. Sure? Uh, And somebody's gonna 714 00:39:11,960 --> 00:39:15,000 Speaker 1: find other problems with him. It doesn't keep him from 715 00:39:15,719 --> 00:39:19,520 Speaker 1: being legally exposed if he's done anything wrong with campaign finances, 716 00:39:19,600 --> 00:39:22,359 Speaker 1: for instance. So he's gonna have a hard rough year. 717 00:39:22,640 --> 00:39:24,759 Speaker 1: And if he wants to keep his head down, keep 718 00:39:24,840 --> 00:39:27,160 Speaker 1: charging away, he'll they'll still call him Congressman by the 719 00:39:27,200 --> 00:39:30,600 Speaker 1: end of the year. What's the what's the move then? Here? Geanie? 720 00:39:30,680 --> 00:39:33,200 Speaker 1: Do you just keep running and he's just running down 721 00:39:33,239 --> 00:39:36,520 Speaker 1: the hall his bads ties flying, or do you how 722 00:39:36,520 --> 00:39:39,239 Speaker 1: about we schedule a news conference? He go upstairs to 723 00:39:39,280 --> 00:39:42,839 Speaker 1: the gallery, you have reporters sit in their chairs, you're 724 00:39:42,880 --> 00:39:45,640 Speaker 1: behind the podium. You try to control the conversation. Or 725 00:39:45,680 --> 00:39:48,200 Speaker 1: am I just out of my mind right now? You know? 726 00:39:48,440 --> 00:39:50,600 Speaker 1: He did sit down and talk to someone as I'm 727 00:39:50,640 --> 00:39:54,239 Speaker 1: sure you know he sat down and talked to Matt Gate. Yes. Oh, 728 00:39:54,400 --> 00:39:56,759 Speaker 1: and I have to rip this off of somebody else 729 00:39:56,800 --> 00:39:58,719 Speaker 1: who said it was eight minutes of my life I'll 730 00:39:58,760 --> 00:40:01,640 Speaker 1: never get back. It was Matt Gates and filling in 731 00:40:01,719 --> 00:40:04,759 Speaker 1: for Steve Bannon and George's Four Room podcast. Yes, and 732 00:40:04,920 --> 00:40:08,160 Speaker 1: he was saying things like listen, I've lived an honest life, 733 00:40:08,280 --> 00:40:10,880 Speaker 1: and you know, and and the latest reports are you 734 00:40:10,960 --> 00:40:13,640 Speaker 1: have a county official in Nassau throwing his hands up 735 00:40:13,640 --> 00:40:16,160 Speaker 1: and saying the guy even told me he was something 736 00:40:16,280 --> 00:40:19,440 Speaker 1: of a star on the volleyball team in college that 737 00:40:19,600 --> 00:40:21,879 Speaker 1: he never went to. And the New York Times has 738 00:40:21,920 --> 00:40:25,839 Speaker 1: released as resume. I mean, it's very ugly there. Yeah. 739 00:40:25,920 --> 00:40:27,719 Speaker 1: But but you know, we may all want him to 740 00:40:27,760 --> 00:40:30,120 Speaker 1: sit down and take questions. I have to say, I 741 00:40:30,280 --> 00:40:32,279 Speaker 1: think even if he did that for ten hours, it 742 00:40:32,280 --> 00:40:35,000 Speaker 1: wouldn't stop the questions because there are so many of 743 00:40:35,040 --> 00:40:37,359 Speaker 1: them at this point. I suppose that's true. Although I'm 744 00:40:37,360 --> 00:40:39,319 Speaker 1: reading on the on the Bloomberg down New York City 745 00:40:39,360 --> 00:40:42,280 Speaker 1: Mayor Eric Adams is pledging to work with George Santos. 746 00:40:42,400 --> 00:40:44,680 Speaker 1: That's not going to push him up anytime soon. We've 747 00:40:44,680 --> 00:40:46,560 Speaker 1: got a lot more to learn about this genie. Thank you, 748 00:40:46,719 --> 00:40:50,640 Speaker 1: Rick Davis, thank you as well. Speaking of honest lives, 749 00:40:51,000 --> 00:40:52,879 Speaker 1: I'll meet you back here tomorrow on the fastest hour 750 00:40:52,960 --> 00:40:54,640 Speaker 1: in politics. You don't need me to tell you to 751 00:40:54,680 --> 00:40:58,520 Speaker 1: subscribe to the podcast. You already did for our guests 752 00:40:58,640 --> 00:41:02,040 Speaker 1: leading Rebecca roy Fee and Alexandy. I'm Joe, Matthew and Washington. 753 00:41:02,200 --> 00:41:07,360 Speaker 1: This is Bloomberg m