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Speaker 1: Why from our nation's came this budget thing is going

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Speaker 1: to do nothing space forces. I still think it's interesting

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Speaker 1: President Trump not playing his cards yet. Headlines Policy and

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Speaker 1: Politics Colliding Floomberg Sound On, The Insiders, the influencers, the insides.

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Speaker 1: I would rather see a congressional solution. It's part of

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Speaker 1: my DNA. The Senate map in looks a lot different

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Speaker 1: than it looked in. You really have a divide within

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Speaker 1: Team Trump. The President has to do exactly what people

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Speaker 1: sent him here to do, which is to get it done.

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Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg

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Speaker 1: one and one oh five point seven f m h

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Speaker 1: D two. President Trump gets ready for the G seven

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Speaker 1: with Boris Johnson, the new UK Prime Minister. While they

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Speaker 1: complete preview of the G seven trade talks and tariffs

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Speaker 1: and all of the rest, plus we dive headfirst into

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Speaker 1: the campaign trails. Some new polls out, we'll get into them.

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Speaker 1: And President Trump wants to buy Greenland. We haven't talked

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Speaker 1: enough about that this week. What's the policy behind it?

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Speaker 1: What does it really actually mean for the energy sector,

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Speaker 1: for military? Uh? And yeah, we're gonna talk about that.

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Speaker 1: Lots to get through Friday Eve, folks were almost there.

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Speaker 1: Beautiful day, beautiful day here inside of the belt Way.

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Speaker 1: I'm joined by my good friend and colleague, Wendy Benjaminson,

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Speaker 1: Bloomberg News Politics editor, and Louis Miranda Returns is the

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Speaker 1: former communications director for the d n C. I want

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Speaker 1: to start with the G seven. I've been following this.

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Speaker 1: I mean, we think that domestic politics is interesting. When

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Speaker 1: the world leaders all get together, of the G seven countries,

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Speaker 1: it is fascinating, especially with the chatter of an economic

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Speaker 1: recession looming globally on the forecast. But before we dive

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Speaker 1: into the policy, I want to talk about who's not

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Speaker 1: going to be there, Wendy, and that's Russia. Russia used

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Speaker 1: to be a member. They did the crimea situation, for

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Speaker 1: lack of a better word, you get invaded and took over. Yeah. No,

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Speaker 1: exactly right, And I'm not trying to make light of

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Speaker 1: that at all, seriously. Um. And then they get the

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Speaker 1: boot from from the G eight which becomes G seven,

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Speaker 1: and President Trump circulating that potentially he would be okay

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Speaker 1: with them rejoining. Take a listen to what President Trump

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Speaker 1: had to say at the American Veterans seventy five National

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Speaker 1: Convention earlier today in Louisville, Kentucky. Here is we spend

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Speaker 1: a lot of time talking about Russia at those meetings

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Speaker 1: and they're not there. I think it would be a

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Speaker 1: good thing if Russia were there, so we can speak directly,

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Speaker 1: not have to speak all the you know, by telephone

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Speaker 1: and other things. That was President Trump yesterday, just to

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Speaker 1: clarify yesterday raising the issue that he would like to

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Speaker 1: see Russia returned to the G seven. Wendy, why is

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Speaker 1: he doing this? Well, It's been Trump's position throughout most

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Speaker 1: of his presidency that it's better to have to talk

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Speaker 1: to people like Vladimir Putin than it is to to

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Speaker 1: isolate them and keep them separate, which has been American

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Speaker 1: foreign policy for a long time. And you're right, after

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Speaker 1: Putin's country invaded crimea sovereign part of a sovereign country, Ukraine. Um,

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Speaker 1: you know they kicked him out. It's it up ends

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Speaker 1: diplomatic policy to bring someone in who you think has misbehaved.

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Speaker 1: If they've misbehaved, then they're not allowed at the party. Um.

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Speaker 1: And the optics for Trump are really bad on this

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Speaker 1: because the whole Russia Mueller investigation thing. He keeps trying

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Speaker 1: to cozy up to Putin and it just makes people crazy.

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Speaker 1: Lewis Well, it just also just completely ignores the history

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Speaker 1: of Russian aggression. Um, going back to the Iron Curtain.

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Speaker 1: This is not something new. And so when Russia annexed Crimea,

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Speaker 1: it wasn't only an attack on the Ukraine. It was

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Speaker 1: a broader threat to big chunk of the rest of Europe,

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Speaker 1: including plenty of NATO members from Estonian a lot Field

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Speaker 1: to Lithuania, and the United States has been working to

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Speaker 1: shore up those allies precisely to push back on that

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Speaker 1: Russian So I don't know, I mean, get that or

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Speaker 1: that he's doing. Putin's bidding, uh is really dangerous for

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Speaker 1: a number of countries and problematic for US. I don't know,

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Speaker 1: because there's part of me that that when I talked

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Speaker 1: to Republicans, the case that they make, they say, well, hey,

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Speaker 1: wait a minute. I mean, it would save everybody the

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Speaker 1: same room. I mean, because essentially they're going to be

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Speaker 1: having to talk to Russia no matter what about all

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Speaker 1: of these different things. I mean, to have all of

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Speaker 1: Who am I forgetting uh uh, you know, to have

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Speaker 1: You know, it's how did you know? Well? The question,

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Speaker 1: I think it's a question of trust. I think trust

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Speaker 1: correct to for for good reason. Yeah, Looking at Stonia,

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Speaker 1: the Russians um the day after, a couple of days

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Speaker 1: after Obama was there visiting, they went in and kidnapped

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Speaker 1: and Estonian UH security officer. They put him on a

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Speaker 1: show puppet trial. They then used him as leverage to negotiate.

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Speaker 1: I mean, there's a legitimate threat that the Russians are

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Speaker 1: posing that Donald Trump is ignoring, uh, including to our

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Speaker 1: election security. And so it's it's one thing to invite

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Speaker 1: them as a non participant member to maybe have side discussions.

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Speaker 1: But the whole question is do you turn it into

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Speaker 1: the G eight again? And and the reality is is

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Speaker 1: that the threat that they pose has not been resolved

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Speaker 1: in a way where it makes sense to give them

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Speaker 1: all carrots and no sticks. Canada, France, Germany, Italy, Japan,

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Speaker 1: and the United Kingdom as well as the United States.

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Speaker 1: There's your trivia Ford today, all of the G seven countries,

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Speaker 1: all right, let's talk policy. They have a lot to

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Speaker 1: talk about. So Bloomberg Terminal headline crossing the Bloomberg Terminal.

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Speaker 1: Wendy earlier today says that President Trump is going to

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Speaker 1: actually have dinner, I believe, or they're gonna share a

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Speaker 1: meal with the UK Prime Minister Boris Johnson on Sunday

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Speaker 1: to fly on the first of all, what's on the mend.

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Speaker 1: Second of all, this is by the way, we're gonna

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Speaker 1: caught my attention. I had to a double take. It

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Speaker 1: was like it was like the Madame Tussau waxed museum. Um.

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Speaker 1: But back on to G seven. I mean, wow, because

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Speaker 1: I've been talking to sources in the international world and

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Speaker 1: they are kind of reading the tea leaves here that

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Speaker 1: President Trump feels emboldened now and having a buddy in

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Speaker 1: Boris Johnson as he you know, has to deal with

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Speaker 1: French President of Manuel Macrawl as well as you and Merkel,

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Speaker 1: who is on our way out. So wow, yeah, that

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Speaker 1: I would love to be a fly on the wall

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Speaker 1: at that meeting. I doubt you know, the menu will

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Speaker 1: these at a UK sort of thing, because I think

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Speaker 1: neither of them are really into you know, hode cuisine,

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Speaker 1: but the so you know, a couple of cheeseburgers, um,

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Speaker 1: you know, a couple of cokes, but um, yeah, I

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Speaker 1: mean the two are sort of, you know, reflections of

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Speaker 1: each other in some way. So it should be interesting

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Speaker 1: and maybe, yeah, maybe Trump has a new best friend

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Speaker 1: in Europe. He could use one. All right, Uh, coming up,

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Speaker 1: we're gonna talk China US, China trade policy. We're also

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Speaker 1: going to talk about Greenland and and what's going on

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Speaker 1: in Israel, and the campaign trail panel is going to stay.

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Speaker 1: Wendy Benjaminson, Bloomberg News twenty politics editor, Lewis Miranda, former

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Speaker 1: d n C Communications director. You can download the Bloomberg

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Speaker 1: Sound On podcast on Apple iTunes, at Bloomberg dot com,

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Speaker 1: or by downloading the Bloomberg Business app. You can also

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Speaker 1: find us on Radio dot Com, I Heart Radio, and Spotify.

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Speaker 1: We kicked it off with the G seven because I

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Speaker 1: think it is truthfully one of the most important stories

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Speaker 1: happening in the world for the next week or so.

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Speaker 1: I'm Kevin Cirelli, Chief Washington correspondent from Bloomberg TV and Radio.

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Speaker 1: You're listening to Bloomberg. This is Bloomberg Sound On with

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Speaker 1: Kevin Shirley on Bloomberg and one oh five point seven

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Speaker 1: f m h D two. Body had to do it.

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Speaker 1: I am the chosen one. Somebody had to do it,

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Speaker 1: So I'm taking on China. President Trump says he is

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Speaker 1: the chosen one. That was yesterday on his way to Louisville, Kentucky,

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Speaker 1: for an event, he was asked whether or not he's

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Speaker 1: concerned that his trade policies are causing problems for the

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Speaker 1: US economy. Of Kevin Sili, chief Washington correspondent for Bloomberg

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Speaker 1: Television Bloomberg Radio, the President says he's taking on China.

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Speaker 1: Headlines crossing the Bloomberg terminal now. Larry Cudlow, the one

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Speaker 1: of the president's top economic advisers, saying on Fox Business

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Speaker 1: that it's possible tax proposals would be from middle class

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Speaker 1: and be rolled out sometime in the twenty twenty campaign.

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Speaker 1: He also Larry Cablo, saying he remains very optimistic over

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Speaker 1: the economy. Lewis from Miranda is here in studio former

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Speaker 1: Democratic National Committee Communications director, as is Wendy Benjaminson, Bloomberg

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Speaker 1: News Politics editor Wendy. The dynamics of a recession now

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Speaker 1: playing out in real time. You have the president saying

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Speaker 1: openly suggesting tax reform might be on the horizon in

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Speaker 1: the campaign season. And we thought tax reform was over

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Speaker 1: with tax law where they cut them pretty low. So um, yes,

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Speaker 1: the administration is probably very scared behind all the happy

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Speaker 1: talk about the warning signs of a recession. Larry Cutlow

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Speaker 1: understands this, All his economic advisors understand this, and Trump

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Speaker 1: probably understands it too. So what's the best thing to

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Speaker 1: do is make people feel like, uh, you know, the

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Speaker 1: economy isn't going to hurt them, so we'll give them

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Speaker 1: a tax cut. I gotta be honest here, it's very

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Speaker 1: uncomfortable to talk about the political dynamics of a potential

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Speaker 1: economic recession, just you know. I mean, this is such

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Speaker 1: a real anxiety really for for all Americans. So to

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Speaker 1: to go in and out of talking about a recession,

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Speaker 1: a recession and the possibility of one, and what that

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Speaker 1: means for people, what that means for folks trying to retire,

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Speaker 1: for for young people who are still trying to launch

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Speaker 1: and eight, that that this is even something that's being discussed,

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Speaker 1: G seven and it just seems like everyone's predicting that

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Speaker 1: the next year. It's it's a bit bizarre to talk

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Speaker 1: about the political implications, Lewis Miranda, but I do have

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Speaker 1: to ask you about it, because the Democrats are are saying, well,

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Speaker 1: this is Trump's recession, and now President Trump is essentially saying, well,

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Speaker 1: this is not going to be an election about a recession.

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Speaker 1: It's going to be an election about cutting taxes. So

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Speaker 1: the right will say, Democrats want to raise your taxes,

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Speaker 1: and the left will say, we're going to go into

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Speaker 1: a recession unless a Democrat takes over. Uh, And you

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Speaker 1: And I think that's what has the White House so scared,

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Speaker 1: twenty one after somebody has been sworn into replaced Donald Trump,

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Speaker 1: God willing Um. But the bigger challenge here for Trump

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Speaker 1: is that he's he's being he's all over the place

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Speaker 1: on this. So if he's continuing to sell that his

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Speaker 1: payroll tax cut, even though it in theory, in theory

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Speaker 1: it's meant to help him. Also undercuts that agreement because

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Speaker 1: or that argument, because it clearly suggests that he hasn't

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Speaker 1: done enough. And at the same time, while he's talking

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Speaker 1: the wrong issues, because the tariff wasn't the problem. It's

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Speaker 1: intellectual property theft. Uh. It's them dumping products like you know,

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Speaker 1: solar panels and other things on on our market. Uh.

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Speaker 1: It's them playing on fairly and taking over so much

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Speaker 1: And so he's diagnosed the right problem, but he's doing

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Speaker 1: also what is not being factored in and their talking

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Speaker 1: burdens the US debt problem. So it may sound good

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Speaker 1: at a campaign rally, but it's not good for the economy.

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Speaker 1: All of this was really kick started, uh the other

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Speaker 1: or not there will be a recession. I'm just struck

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Speaker 1: I'm old enough to remember when when John mckame was

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Speaker 1: came back to Congress and said, you know, we've got

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Speaker 1: to do something with this with this economy. For Senator

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Speaker 1: But for Senator Elizabeth Warren, who was really the professor

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Speaker 1: in chief back during the last financial crisis really navigated

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Speaker 1: what what? How? How will the how will Democrats talk

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Speaker 1: on the campaign traow, but how the recession shift the

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Speaker 1: And part of the challenge here is that the a

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Speaker 1: in two thousand eight or or two different things. It

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Speaker 1: doesn't how that's important because it can be a short

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Speaker 1: term recession. It can. You know, a recession is simply

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Speaker 1: a couple of quarters of negative growth, which is far

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Speaker 1: different from a financial crisis where the entire housing market

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Speaker 1: is collapsing, where General Motors and Chrysler are going bankrupt.

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Speaker 1: I don't even want to be reminded of all that

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Speaker 1: where you know, you lost I think was it four

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Speaker 1: thousand jobs in the last six months of the Bush administration. Um,

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Speaker 1: So that was a crisis where John McCain had to

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Speaker 1: past that. That's very different, and I think that's where

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Speaker 1: Democrats have a challenge, is that there there is a

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Speaker 1: recession that is likely to come, but is it going

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Speaker 1: have a political impact. And you know, nobody wants to

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Speaker 1: see that because you don't want to have to see,

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Speaker 1: as you were saying, Americans go through that kind of situation. Again,

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Speaker 1: people don't want to see their neighbors lose their job

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Speaker 1: exactly exactly. But at the same time, um, it's you know,

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Speaker 1: that they have to talk about. So they can't take

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Speaker 1: other things like race baiting and things like that that

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Speaker 1: Donald Trump wants to make the focus. They're gonna have

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Speaker 1: to make smart arguments about how they're going to actually

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Speaker 1: Bill Clinton and Barack Obama, we know how to get

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Speaker 1: the economy humming again. Our Republicans would disagree just balance

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Speaker 1: because we don't have are we had a last minute

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Speaker 1: But I will just say they would very much disagree

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Speaker 1: with that. But go ahead, Well, I was gonna say

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Speaker 1: that Louise is absolutely right. The trouble is that Elizabeth

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Speaker 1: Moren is talking very deeply about economic policy. She writes

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Speaker 1: all these medium posts that you know, I said this

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Speaker 1: in two thousand and eight, and I'll say, I love

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Speaker 1: you because she does. She does. That's how we find

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Speaker 1: out what's going I know, because they don't. Friend runner

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Speaker 1: Joe Biden hasn't said anything about the economy very deeply.

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Speaker 1: He hasn't said much. He does talk a lot about

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Speaker 1: the problems he sees with the Trump presidency and the

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Speaker 1: you know, age of incivility that we're in, but the

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Speaker 1: front runner isn't talking about the key issues. But the frontrunner,

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Speaker 1: we're gonna We're gonna talk about the polls, but the

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Speaker 1: front runer once again is a twenty a double didget

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Speaker 1: lead in the latest latest year and not talking about

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Speaker 1: national because Biden's making it a personality contest. Waren's making

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Speaker 1: it a policy contest. Coming up, we're gonna talk are

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Speaker 1: we gonna buy Greenland? Are we going to buy Greenland?

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Speaker 1: I'm getting to the bottom of this. I want to

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Speaker 1: get to the bottom of this. Wendy Benjamin's is gonna

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Speaker 1: help me dig my way through it. Bloomberg News twenty

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Speaker 1: politics editor Lewis Miranda, former d n C Communications director.

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Speaker 1: Download the Bloomberg Sound On podcast on Appali Jians at

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Speaker 1: Bloomberg dot com or by downloading the Bloomberg Business app.

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Speaker 1: You can also find us on Radio dot com, I

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Speaker 1: Heart Radio and Spotify. I'm Kevin Crelli. You're listening to

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Speaker 1: Bloomberg one. This is Bloomberg Sound On with Kevin Surreley

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

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Speaker 1: HD two. I'm Kevin Surreli, Chief Washington correspondent from Bloomberg

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Speaker 1: Television Bloomberg Radio. Wendy Benjamin sins here. She's the Bloomberg

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Speaker 1: News Politics editor quickly becoming one of my favorite panelists

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Speaker 1: and colleagues. Thank you Wendy for being here. I don't

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Speaker 1: play favorite. Sorry. If anybody else listening, Lewis Miranda's here.

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Speaker 1: Former d n C communications director Wendy, are we going

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Speaker 1: to buy Greenland? I don't think so. What Okay, I

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Speaker 1: know everybody's laughing about but what Let's just go through

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Speaker 1: the TikTok? What exactly happened? Why are we even talking

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Speaker 1: about this? Why? What is what is the policy behind

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Speaker 1: all of this? Well, policy might be a hard thing

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Speaker 1: to come up with, but Donald Trump for some reason

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Speaker 1: started asking AIDS whether he could buy Greenland. It's a

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Speaker 1: big piece of real estate at you know, he is

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Speaker 1: it has apparently interested in buying if you want to

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Speaker 1: apply some policy to it. It is a highly strategic

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Speaker 1: piece of land owned by Denmark, which is a country,

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Speaker 1: you know, a small fraction of the size of Greenland.

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Speaker 1: Greenland is a very icy place. There have been scary

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Speaker 1: climate change stories that talk about how the ice and

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Speaker 1: Greenland is melting. So that could make Greenland possibly a

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Speaker 1: strategic place, although they're all are already US military bases

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Speaker 1: there because it's near Russia, it's near the Arctic and

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Speaker 1: all that. So why we have to own it seems

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Speaker 1: to be a mystery to the entire city of Washington,

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Speaker 1: d C. Yeah, no, another reason you mentioned global warming.

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Speaker 1: I mean, if all of these glaciers up in Greenland

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Speaker 1: melt away, it opens up Uh, it opens up shipping lanes,

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Speaker 1: it opens up trading routes, and that uh could obviously

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Speaker 1: proved to be incredibly financially resourceful. Plus are tap natural

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Speaker 1: Well did you see the president's instagram on that He

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Speaker 1: literally posted on his Instagram account Greenland and said and

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Speaker 1: like plotted a Trump hotel building and said, like, I

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Speaker 1: wouldn't do that. I'm not well, it gets some a

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Speaker 1: little closer to the Moscow hotel. He wants, Oh my gosh,

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Speaker 1: louis not that kind of show, Come on, buddy. But

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Speaker 1: it went there's a lot of untapped natural resources and

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Speaker 1: and so financially, I mean, there's a lot of people

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Speaker 1: who are looking at Greenland is saying well, hey, wait

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Speaker 1: a minute, I mean there there are a lot of

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Speaker 1: resources there. Uh. And that's sort of the policy behind it.

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Speaker 1: I I see you, I see you looking at me, Wendy.

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Speaker 1: But let's stay with me. There's a huge there's a

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Speaker 1: huge US military base in Greenland as well. Then we're

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Speaker 1: allies with Denmark. I mean we have access to Greenland

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Speaker 1: now at least now we're allies with Denmark, and you know,

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Speaker 1: hopefully we so well they got into this whole back

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Speaker 1: and forth. I mean, if you if you're if you've

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Speaker 1: been following this. The Danish Prime Minister fred Ericson she

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Speaker 1: was asked h on a visit to Greenland on Sunday

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Speaker 1: if if whether or not she thought any of this

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Speaker 1: was a good idea, and she called it, quote unquote absurd.

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Speaker 1: Greenland is not for sale, she said, Greenland is not Danish,

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Speaker 1: Greenland is green landic I really hope that it's not

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Speaker 1: something that is seriously meant well. And you have to

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Speaker 1: have a concern about where Russian interests playing here because

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Speaker 1: if you look at the Arctic Circle, uh, there's been

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Speaker 1: a ton of melting and uh exposing of land and

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Speaker 1: other natural resources that the Russians particularly have an aggressive

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Speaker 1: and exploiting, and that there's basically a race to make

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Speaker 1: sure that that it either stays international in certain areas

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Speaker 1: or that whoever's tapping into different parts of that is

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Speaker 1: doing so correctly. Uh, and you have to wonder where

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Speaker 1: Greenland On in that direction could potentially play a strategic role.

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Speaker 1: But the Russians have certainly been the most effective lash

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Speaker 1: aggressive that at doing that. And and so you have

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Speaker 1: to wonder if if Donald Trump is listening there too

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Speaker 1: well for space exploration as well. I mean that region

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Speaker 1: is incredibly vital and important as well. So President Trump

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Speaker 1: didn't like with Prime Minister Frederickson had to say about

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Speaker 1: all of this. He canceled the trip earlier this week

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Speaker 1: that was scheduled in September to visit with Prime Minister Frederickson.

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Speaker 1: He didn't like that she called it quote unquote absurd.

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Speaker 1: Take a listen to the President's response yesterday on his

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Speaker 1: way to Louisville, Kentucky. Here's President Trump. I looked forward

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Speaker 1: to going, but I thought that the Prime minister statement

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Speaker 1: that it was absurd, that was that it was an

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Speaker 1: absurd idea was nasty. I thought it was an inappropriate statement. Wendy, Well,

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Speaker 1: she's entitled to her opinion. Um, even as many past

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Speaker 1: presidents have said, even the US has disagreements with even

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Speaker 1: its closest allies. And I did notice that nasty is

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Speaker 1: a word. The President reserves for comments that women have made. Um,

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Speaker 1: So he says lots of other horrible things about men,

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Speaker 1: but nasty is a particular keyword for women. Leads. Yeah,

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Speaker 1: and I think that's right, and and it's it's disrespectful.

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Speaker 1: It's also problematic as he heads into the G seven

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Speaker 1: basically insulting our allies and closing up to Russia. So

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Speaker 1: it just continues to play into that broader theme of

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Speaker 1: whose interests is he really serving? Right, And also there

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Speaker 1: remember there is this um diplomatic group called the Arctic Council,

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Speaker 1: which is made up of every country that has a

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Speaker 1: border along the Arctic Circle, including the US because of Alaska, Canada, Russia,

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Speaker 1: and China gets a part of that because Russia wanted

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Speaker 1: them to. But they are all working on the open

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Speaker 1: shipping lanes that are opening in the Arctic and things

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Speaker 1: like that. So there's there's really no reason for the

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Speaker 1: US to have to own Greenland. How many people do

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Speaker 1: you think, I'm gonna quiz pop quiz how many people

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Speaker 1: live on the island of green Land? Forty something thousand,

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Speaker 1: I think, But I read that on Bloomberg's Okay, even

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Speaker 1: that is like, I mean, that's hey, that's bigger than

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Speaker 1: Pete bo It's still like Pete Buda Judges Uh in

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Speaker 1: South Bend, Indiana. I guess it's a little smaller. I guess.

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Speaker 1: I guess it's a little smaller. Um. It's the largest

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Speaker 1: island in the world. Are of the of the of

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Speaker 1: the square mileage of of Greenland or ice capped uh

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Speaker 1: and they've been self ruled since nineteen seventy nine. But

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Speaker 1: they're Danish, the residents of the island, and they've got

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Speaker 1: a ton of resources there, coals, inc, copper, iron and

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Speaker 1: ore uh and rare rare minerals. CNBC has a great

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Speaker 1: CNBC dot Com has a great policy dive that we

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Speaker 1: also have on Bloomberg Terminal as well. But credit, we're

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Speaker 1: credit is due coming up. We're gonna talk what's on

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Speaker 1: our radar. Uh. We gotta talk to us Israeli relations.

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Speaker 1: Were also going to discuss the political camp Jane as

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Speaker 1: we head into another August weekend. We're almost there, folks,

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Speaker 1: It's Friday Eve. Wendy Benjaminson stays Bloomberg News twenty Politics

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00:24:08,960 --> 00:24:13,159
Speaker 1: editor Lewis Miranda, former d n C Communications director. Download

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00:24:13,160 --> 00:24:15,639
Speaker 1: the Bloomberg Sound On podcast on Apple I tunes at

433
00:24:15,640 --> 00:24:18,520
Speaker 1: Bloomberg dot com or by downloading the Bloomberg Business app.

434
00:24:18,560 --> 00:24:20,600
Speaker 1: You can also find us on Radio dot com, I

435
00:24:20,720 --> 00:24:25,080
Speaker 1: Heart Radio, and Spotify. I'm Kevin CURRELLI. You're listening to Bloomberg.

436
00:24:27,320 --> 00:24:31,879
Speaker 1: This is Bloomberg Sound On with Kevin Surley on Bloomberg

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00:24:33,000 --> 00:24:35,400
Speaker 1: and one oh five point seven f M H D two.

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Speaker 1: I'm Kevin CURRELLI. Happy Friday Eve, folks. I'm Chief Washington

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00:24:40,359 --> 00:24:44,600
Speaker 1: correspondent from Boomberg Television Bloomberg Radio. It's time for what's

440
00:24:44,600 --> 00:24:48,840
Speaker 1: become one of my favorite segments to do on the show,

441
00:24:48,840 --> 00:24:51,240
Speaker 1: which is what's on your radar? Here in the when

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00:24:51,240 --> 00:24:52,920
Speaker 1: I was a print reporter, we would always say, empty

443
00:24:52,920 --> 00:24:55,760
Speaker 1: out your notebook. My editors, Craig Gordon, he would always say,

444
00:24:55,920 --> 00:24:57,920
Speaker 1: empty out your notebook, empty out your notebook. What's in

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00:24:57,920 --> 00:25:01,400
Speaker 1: the notebook? Uh? And what that means is what's one

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00:25:01,560 --> 00:25:05,120
Speaker 1: thing that you're following, that you're tracking that maybe isn't

447
00:25:05,160 --> 00:25:09,080
Speaker 1: getting enough news. Greenland's been on my radar, but we

448
00:25:09,160 --> 00:25:12,160
Speaker 1: talked about it earlier because it's just everywhere. Now it's

449
00:25:12,160 --> 00:25:15,840
Speaker 1: on everybody's radar, as the President has said, But here

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00:25:15,840 --> 00:25:18,679
Speaker 1: with me to find out what's on their radars. Wendy

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00:25:18,680 --> 00:25:22,960
Speaker 1: benjamin'son Bloomberg News politics editor Lewis Miranda, former d n

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Speaker 1: C communications director. I'm gonna start with you, Louis. What

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00:25:25,760 --> 00:25:28,440
Speaker 1: is on Lewis Miranda's radar? Well, I think Israel should

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00:25:28,440 --> 00:25:30,239
Speaker 1: be on our radar because and not in the way

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00:25:30,280 --> 00:25:32,320
Speaker 1: that it has been, because I think that Donald Trump's

456
00:25:32,960 --> 00:25:38,000
Speaker 1: divisive effort there to get these two members of the

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00:25:38,040 --> 00:25:41,000
Speaker 1: squad members of Congress to be uninvited or to be

458
00:25:41,040 --> 00:25:43,720
Speaker 1: told that they can't come. Um, I think it just

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00:25:43,760 --> 00:25:46,560
Speaker 1: plays into the politics for both sides. It works for

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00:25:46,560 --> 00:25:48,840
Speaker 1: for the two congresswomen, it works for him in a

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00:25:48,840 --> 00:25:52,040
Speaker 1: political way. Uh that that is good for their base,

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00:25:52,080 --> 00:25:54,800
Speaker 1: But ultimately, I think it's bad for Israel. It's bad

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00:25:54,840 --> 00:25:57,520
Speaker 1: for our relationship for Israel, it's bad for the Jewish

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Speaker 1: people generally, I think, in the way that it plays out.

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00:26:00,359 --> 00:26:03,840
Speaker 1: And so it's just one more example of sinister political

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00:26:03,960 --> 00:26:07,120
Speaker 1: ploys that that really hurt. President Trump, to your point,

467
00:26:07,320 --> 00:26:12,399
Speaker 1: was asked about this yesterday. Take a listen to what

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00:26:12,440 --> 00:26:16,560
Speaker 1: President Trump had to say about Israel and the upcoming elections.

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Speaker 1: Here is you vote for a Democrat, you're being very

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Speaker 1: disloyal to Jewish people, and you're being very disloyal to Israel,

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Speaker 1: and only weak people would say anything other than the Senator.

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Speaker 1: Elizabeth Warren, who is now a top tier presidential candidate,

473
00:26:32,920 --> 00:26:36,080
Speaker 1: was asked to respond to that while talking briefly to

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Speaker 1: reporters after a campaign event in l A last night.

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00:26:39,480 --> 00:26:44,680
Speaker 1: Here's Elizabeth Warren. The President's comments are disgusting. Uh, and

476
00:26:45,080 --> 00:26:48,560
Speaker 1: once again Donald Trump trying to distract from the fact

477
00:26:48,640 --> 00:26:54,560
Speaker 1: that he is a failing president by every measure. Lewis

478
00:26:55,720 --> 00:26:57,919
Speaker 1: I mean you here Elizabeth Warren's response to hear what

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00:26:57,960 --> 00:27:00,560
Speaker 1: the President had to say earlier to the at But

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00:27:00,640 --> 00:27:05,800
Speaker 1: the President is trying to make aoc the squad Rashida

481
00:27:05,880 --> 00:27:11,399
Speaker 1: talib Alan Omar to be the foreign policy experts of

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00:27:11,400 --> 00:27:14,800
Speaker 1: the Democratic Party. No, it's a cynical ploy. It's effective,

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00:27:14,800 --> 00:27:16,480
Speaker 1: I think to a certain degree. Do you think it's

484
00:27:16,480 --> 00:27:18,600
Speaker 1: affective their certain degree. I think that there's been enough

485
00:27:18,640 --> 00:27:20,840
Speaker 1: backlash that it's maybe not as wide raging as he

486
00:27:20,840 --> 00:27:22,000
Speaker 1: had hoped there would be. But I think in the

487
00:27:22,119 --> 00:27:24,280
Speaker 1: end there's there's some effect, and it's something that we

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00:27:24,320 --> 00:27:26,760
Speaker 1: have to be um on the lookout for and not

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00:27:26,840 --> 00:27:30,919
Speaker 1: take debate. I think ultimately, Uh, he is not a

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00:27:30,920 --> 00:27:34,720
Speaker 1: a honest or genuine in in in how he's talking

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00:27:34,760 --> 00:27:38,920
Speaker 1: about Israel generally. Um. But I also don't think that

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Speaker 1: Ilhan Omar is the best person to be on the

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Speaker 1: other side of that. Like I said, I think it

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00:27:42,760 --> 00:27:45,240
Speaker 1: helps both of their bases and both of them to

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00:27:45,240 --> 00:27:48,240
Speaker 1: to play up politically, but it's bad ultimately for Israel

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00:27:48,320 --> 00:27:50,440
Speaker 1: the Jewish people for our relationship with Israel. I think

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00:27:50,440 --> 00:27:52,800
Speaker 1: it's a U S foreign policy has foreign policy, it's

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00:27:53,640 --> 00:27:56,920
Speaker 1: I I think that it's going to be fascinating to

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00:27:56,960 --> 00:28:03,040
Speaker 1: watch how Speaker Nancy Pelosi calculate recalculates all of this

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00:28:03,119 --> 00:28:06,760
Speaker 1: when lawmakers return from recess, because so much has gone on,

501
00:28:06,800 --> 00:28:08,840
Speaker 1: and that will be right around the time of Israeli

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00:28:08,920 --> 00:28:11,840
Speaker 1: elections uh as well. So I mean there's a lot

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00:28:11,840 --> 00:28:14,560
Speaker 1: of moving parts here in terms of just how quickly

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00:28:14,600 --> 00:28:16,919
Speaker 1: this this situation could evolve. So that's very much on

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00:28:16,960 --> 00:28:19,600
Speaker 1: your radar. So on my radar as well. The President

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00:28:19,640 --> 00:28:21,040
Speaker 1: is talking about it, it's out there on the on

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00:28:21,080 --> 00:28:24,440
Speaker 1: the campaign trail, Wendy Benjaminson, what's on your radar well,

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00:28:24,440 --> 00:28:28,240
Speaker 1: of course the campaign and discerning who the Democratic presidential

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00:28:28,280 --> 00:28:31,480
Speaker 1: nominee will be. But more interesting to me. This week

510
00:28:31,560 --> 00:28:35,960
Speaker 1: is the burgeoning Republican primary. Yeah Trump, I mean, Trump

511
00:28:36,040 --> 00:28:37,879
Speaker 1: is going to be the nominee. The Party's not going

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00:28:37,960 --> 00:28:40,200
Speaker 1: to give any of these guys attention. But but a

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00:28:40,200 --> 00:28:42,280
Speaker 1: couple of the people that are either in or thinking

514
00:28:42,320 --> 00:28:46,240
Speaker 1: about it are not ridiculous figures. Former South Carolina Governor

515
00:28:46,280 --> 00:28:51,040
Speaker 1: Mark Sanford, UM possibly Ohio, former Ohio Governor John Kasy.

516
00:28:51,440 --> 00:28:56,080
Speaker 1: These guys, you know, have street cred, and they might

517
00:28:56,240 --> 00:28:59,920
Speaker 1: challenge Trump even if Trump is the nominee, if people

518
00:29:00,040 --> 00:29:03,200
Speaker 1: vote for them, and could damage I mean, I think,

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00:29:03,640 --> 00:29:06,320
Speaker 1: I mean, I'm I'm a reporter, but based upon my

520
00:29:06,440 --> 00:29:09,400
Speaker 1: reporting of everything that I know about trump world, I

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00:29:09,400 --> 00:29:12,360
Speaker 1: think that he would welcome the opportunity to have a

522
00:29:12,440 --> 00:29:16,400
Speaker 1: nationally televised debate against John Kasick. I think he would too.

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00:29:17,160 --> 00:29:19,440
Speaker 1: If he wanted to be strategic about it, he would

524
00:29:19,480 --> 00:29:23,760
Speaker 1: completely ignore these guys and never talk. I don't enough

525
00:29:23,800 --> 00:29:27,240
Speaker 1: to remember when he challenged Bernie Sanders to a debate

526
00:29:27,280 --> 00:29:30,640
Speaker 1: back during the Democratic primary, when when Bernie couldn't get

527
00:29:30,720 --> 00:29:34,560
Speaker 1: Hillary to go to the more than five years. It

528
00:29:34,600 --> 00:29:36,360
Speaker 1: would have been an interesting debates as they talked so

529
00:29:36,400 --> 00:29:41,240
Speaker 1: similarly about things like TPP and other issues. Right, But no,

530
00:29:41,360 --> 00:29:43,720
Speaker 1: I mean, but seriously. I mean, I don't think the

531
00:29:44,360 --> 00:29:47,520
Speaker 1: President Trump's political orbit is taken seriously at all Mark

532
00:29:47,600 --> 00:29:51,760
Speaker 1: Stanford or or John Case nor the Republican Party, but

533
00:29:51,800 --> 00:29:54,360
Speaker 1: it sure makes it interesting. So how what what effect

534
00:29:54,360 --> 00:29:56,960
Speaker 1: could it have though, if they've run as an independent,

535
00:29:57,040 --> 00:29:59,560
Speaker 1: if a CASI where to run as an independent and

536
00:29:59,640 --> 00:30:02,600
Speaker 1: it shaves off I don't know, like if it gives

537
00:30:02,800 --> 00:30:06,320
Speaker 1: if it gives never Trumpers an alternative to show up

538
00:30:06,320 --> 00:30:09,440
Speaker 1: in November, I think it would give guys like I

539
00:30:09,560 --> 00:30:12,640
Speaker 1: Fred Lewis here Adja. I mean, if there's a three

540
00:30:12,680 --> 00:30:15,800
Speaker 1: way race, as we saw when Rossboro ran against Clinton

541
00:30:15,880 --> 00:30:19,160
Speaker 1: and Bush was at it um, you know, it divides

542
00:30:19,200 --> 00:30:22,200
Speaker 1: the anti Trump vote and that wouldn't be good for Democrats.

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00:30:22,560 --> 00:30:25,000
Speaker 1: And I see I would have thought the other way.

544
00:30:25,440 --> 00:30:27,720
Speaker 1: I would have thought that if never Trumpers went out

545
00:30:28,280 --> 00:30:30,440
Speaker 1: and voted for the never Trump candidate, that it would

546
00:30:30,520 --> 00:30:34,280
Speaker 1: hurt Trump. But you're saying the Republican primary. But in

547
00:30:34,280 --> 00:30:36,560
Speaker 1: the general, Okay, it's hard to tell how that would kind.

548
00:30:36,600 --> 00:30:38,200
Speaker 1: I mean, if you look at Gary Johnson and Jill

549
00:30:38,240 --> 00:30:42,600
Speaker 1: Stein in the three states Michigan, Wisconsin, and Pennsylvania, their

550
00:30:42,680 --> 00:30:46,920
Speaker 1: vote totals far exceeded Donald Trump's margin of victory where

551
00:30:46,960 --> 00:30:49,880
Speaker 1: he would get maybe ten thousand votes over the top.

552
00:30:49,920 --> 00:30:53,000
Speaker 1: There there was a hundred thousand, hundred thirty thousand vote

553
00:30:53,000 --> 00:30:55,600
Speaker 1: difference in those states. So it cost Hillary. It cost

554
00:30:55,680 --> 00:30:58,360
Speaker 1: Hillary right with Gary Johnson hill Stein, I can see

555
00:30:58,360 --> 00:30:59,800
Speaker 1: that what you're saying. I hadn't thought of it that way,

556
00:30:59,800 --> 00:31:02,160
Speaker 1: but it could cut both ways on this interesting interesting

557
00:31:02,160 --> 00:31:04,080
Speaker 1: there's a poll out just to stick with the campaign,

558
00:31:04,120 --> 00:31:07,719
Speaker 1: just briefly on Bloomberg's campaign Tracker, which by the way,

559
00:31:07,760 --> 00:31:10,080
Speaker 1: I'm obsessed with. Go to Bloomberg dot com and you

560
00:31:10,120 --> 00:31:13,160
Speaker 1: can literally track all of the latest polls and whatnot. Uh.

561
00:31:13,200 --> 00:31:19,480
Speaker 1: Democrats beware, reads the headline from Emma Kinnaries reporting Democrats

562
00:31:19,480 --> 00:31:22,280
Speaker 1: be where a huge majority of Americans believe impeaching Donald

563
00:31:22,280 --> 00:31:24,600
Speaker 1: Trump would fail, and some believe it might even boost

564
00:31:24,640 --> 00:31:28,120
Speaker 1: his re election effort, according to a new mat Mammoth

565
00:31:28,360 --> 00:31:34,040
Speaker 1: University Pole. That's kind of interesting. The survey show of

566
00:31:34,080 --> 00:31:36,400
Speaker 1: respondents believed it would be unlikely that Trump would be

567
00:31:36,400 --> 00:31:39,320
Speaker 1: convicted in the Republican controlled Senate even if he were

568
00:31:39,400 --> 00:31:43,680
Speaker 1: impeached by the Democratic led House. So I mean, Pole

569
00:31:43,760 --> 00:31:47,120
Speaker 1: suggests that they think that impeachment would help, would help

570
00:31:47,160 --> 00:31:48,840
Speaker 1: President Trump. Alright, so that's what's on your right. You

571
00:31:48,840 --> 00:31:51,640
Speaker 1: know what's on my radar. I'm gonna get nerdy because

572
00:31:51,840 --> 00:31:55,000
Speaker 1: I I don't think it's nerdiness, but I think tracking

573
00:31:55,000 --> 00:31:56,800
Speaker 1: this whether or not there's going to be a recession

574
00:31:56,840 --> 00:32:00,160
Speaker 1: is something that every American is is obsessed with then

575
00:32:00,200 --> 00:32:02,880
Speaker 1: and fearful over if there's going to be any type

576
00:32:02,880 --> 00:32:06,200
Speaker 1: of recession. And there's a divide to get into the

577
00:32:06,240 --> 00:32:09,720
Speaker 1: weeds between what the President is saying he wants fed

578
00:32:09,760 --> 00:32:13,360
Speaker 1: Shair J. Powell to do with regards to lowering interest

579
00:32:13,440 --> 00:32:18,400
Speaker 1: rates and what three Federal Reserve policymakers are urging FED

580
00:32:18,440 --> 00:32:20,480
Speaker 1: Chair J. Powell to do. So, talk about being stuck

581
00:32:20,480 --> 00:32:24,000
Speaker 1: in the middle. J Powell now in between President Trump

582
00:32:24,040 --> 00:32:27,120
Speaker 1: who is urging them or is urging him to slash rates,

583
00:32:27,160 --> 00:32:30,960
Speaker 1: and now three Federal Reserve policymakers who are saying they

584
00:32:30,960 --> 00:32:33,520
Speaker 1: are resisting the notion that the U. S economy needs

585
00:32:33,800 --> 00:32:38,040
Speaker 1: lower interest rates. So there's a divide, I mean, talk

586
00:32:38,120 --> 00:32:40,280
Speaker 1: about it's like I'm having flashbacks to Andrew ross S

587
00:32:40,240 --> 00:32:42,640
Speaker 1: workins too Big to fail about all of the but

588
00:32:42,720 --> 00:32:46,160
Speaker 1: this is so incredibly important for whether or not there's

589
00:32:46,200 --> 00:32:49,080
Speaker 1: going to be some type of economic recession and the

590
00:32:49,120 --> 00:32:51,680
Speaker 1: politics of this that we're watching in real time. Or

591
00:32:51,720 --> 00:32:56,080
Speaker 1: President Trump is openly criticizing the central Bank because he

592
00:32:56,120 --> 00:32:58,960
Speaker 1: feels that the central bankers in Europe can be much

593
00:32:58,960 --> 00:33:01,680
Speaker 1: more agile and Asia as well can be much more

594
00:33:01,720 --> 00:33:05,720
Speaker 1: agile in reacting in trained negotiations and what not to

595
00:33:05,800 --> 00:33:10,200
Speaker 1: give their countries a leg up on international negotiations. It's

596
00:33:10,240 --> 00:33:13,200
Speaker 1: fascinating and quite frankly, I think it's going to outlast

597
00:33:13,240 --> 00:33:16,440
Speaker 1: this White House. I think that whomever occupies the White

598
00:33:16,440 --> 00:33:21,720
Speaker 1: House will very much be uh taking this political playbook

599
00:33:21,760 --> 00:33:23,880
Speaker 1: in terms of trying to to put some type of

600
00:33:23,880 --> 00:33:26,640
Speaker 1: pressure on the Central Bank, maybe not via tweet, but

601
00:33:26,840 --> 00:33:32,240
Speaker 1: to influence in the global economy how the US does business.

602
00:33:32,280 --> 00:33:34,640
Speaker 1: That's what's on my radar. Wendy Benjaminson, thanks for being here,

603
00:33:34,680 --> 00:33:38,520
Speaker 1: Bloomberg News twenty Politics editor. Thank you for me happy

604
00:33:38,560 --> 00:33:41,000
Speaker 1: to be here as well. Louis Miranda, former d n

605
00:33:41,040 --> 00:33:46,640
Speaker 1: C Communications director. Always appreciate Louis Miranda coming in our gamer.

606
00:33:46,760 --> 00:33:50,080
Speaker 1: Louis Miranda, former d n C Communications director. You can

607
00:33:50,120 --> 00:33:52,760
Speaker 1: download the Bloomberg Sound on podcasts on Apple iTunes, at

608
00:33:52,800 --> 00:33:55,320
Speaker 1: Bloomberg dot com or by downloading the Bloomberg Business app.

609
00:33:55,320 --> 00:33:57,440
Speaker 1: You can also find us on radio dot com, I

610
00:33:57,480 --> 00:34:00,920
Speaker 1: Heart Radio, and Spotify. I'm Kevin sirelire listening to Bloomberg

611
00:34:01,760 --> 00:34:06,680
Speaker 1: one h