1
00:00:00,880 --> 00:00:04,400
Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us

2
00:00:04,400 --> 00:00:07,520
Speaker 1: Live weekdays at one Eastern on Bloomberg dot com, the

3
00:00:07,640 --> 00:00:10,760
Speaker 1: iHeartRadio app and the Bloomberg Business app, or listening on

4
00:00:10,800 --> 00:00:12,800
Speaker 1: demand wherever you get your podcasts.

5
00:00:13,760 --> 00:00:17,240
Speaker 2: Stephen Dennis is with US now, Bloomberg congressional reporter who's

6
00:00:18,079 --> 00:00:20,439
Speaker 2: always very close to the leadership and has a good

7
00:00:20,480 --> 00:00:23,720
Speaker 2: sense of this conversation surrounding Mitch McConnell. Stephen, it's great

8
00:00:23,720 --> 00:00:25,160
Speaker 2: to see you. I'm gonna ask you a few things

9
00:00:25,160 --> 00:00:27,319
Speaker 2: about this, but I'd like everyone to remember what Joe

10
00:00:27,320 --> 00:00:30,520
Speaker 2: Biden said yesterday after he spoke with Mitch McConnell. He

11
00:00:30,560 --> 00:00:32,560
Speaker 2: went down to FEMA headquarters talk about the hurricane. But

12
00:00:32,600 --> 00:00:34,520
Speaker 2: of course this is what was on people's mind.

13
00:00:34,640 --> 00:00:36,319
Speaker 3: McConnell, Yes, I have.

14
00:00:36,479 --> 00:00:40,720
Speaker 4: I spoke to Mitch. He's a friend, and I spoke

15
00:00:40,760 --> 00:00:47,000
Speaker 4: to him today and you know, he was his old

16
00:00:47,040 --> 00:00:53,040
Speaker 4: self on the telephone and having a little understanding of

17
00:00:54,080 --> 00:00:58,600
Speaker 4: dealing with neurosurgeons and people. And one of the leading

18
00:00:58,840 --> 00:01:02,320
Speaker 4: women of my staff was in neurosurgeon as well. It's

19
00:01:02,360 --> 00:01:06,280
Speaker 4: not at all unusual to have the response that sometimes

20
00:01:06,319 --> 00:01:09,480
Speaker 4: happens to Mitch when you've had a severe concussion.

21
00:01:09,840 --> 00:01:11,880
Speaker 2: So he sounds kind of like what the doctor actually

22
00:01:11,959 --> 00:01:14,720
Speaker 2: said that The Mitch McConnell's office quick to put out

23
00:01:14,720 --> 00:01:19,240
Speaker 2: the doctor's note, Stephen Dennis. They're pointing us essentially to

24
00:01:20,640 --> 00:01:23,120
Speaker 2: the symptoms that would follow a concussion. He did have

25
00:01:23,160 --> 00:01:25,679
Speaker 2: a fall last year, as opposed to something age related

26
00:01:26,080 --> 00:01:27,400
Speaker 2: or more than that. What are you hearing?

27
00:01:27,959 --> 00:01:30,920
Speaker 5: Yeah, I mean, I think it's troubling when you see

28
00:01:31,080 --> 00:01:35,080
Speaker 5: one of the leaders have these freezing moments, one of

29
00:01:35,120 --> 00:01:39,920
Speaker 5: the most important people in the country, you know, and

30
00:01:39,959 --> 00:01:43,000
Speaker 5: it's not the first time, you know. So there's now

31
00:01:43,240 --> 00:01:47,560
Speaker 5: questions about whether he's going to be able to continue

32
00:01:47,600 --> 00:01:50,280
Speaker 5: his leader. Right now, all the people around him are

33
00:01:50,320 --> 00:01:54,080
Speaker 5: sort of wishing him well. There are no Republican senators

34
00:01:54,160 --> 00:01:57,360
Speaker 5: yet calling on him to step down. But there's going

35
00:01:57,440 --> 00:02:01,360
Speaker 5: to be a very important meeting next week the Senate

36
00:02:01,400 --> 00:02:05,840
Speaker 5: Republicans when they come back from their August recess. Uh,

37
00:02:06,000 --> 00:02:08,520
Speaker 5: they'll have lunch on Wednesday. They'll all be in the

38
00:02:08,560 --> 00:02:14,280
Speaker 5: same room. I expect McConnell will be trying to put

39
00:02:14,320 --> 00:02:17,440
Speaker 5: to rest questions about his ability to do the job.

40
00:02:17,520 --> 00:02:21,000
Speaker 5: And then he has a press conference usually right afterward,

41
00:02:21,240 --> 00:02:25,560
Speaker 5: where it's the exact same scenario where he first froze.

42
00:02:25,880 --> 00:02:28,000
Speaker 5: And and you know, I think there are real questions

43
00:02:28,360 --> 00:02:33,320
Speaker 5: that you're starting to see. Even typical allies of the Senator,

44
00:02:33,440 --> 00:02:37,239
Speaker 5: like National Review last yesterday said you know, hey, it's

45
00:02:37,280 --> 00:02:41,119
Speaker 5: time to start putting in place a succession plan. Let's

46
00:02:41,200 --> 00:02:43,519
Speaker 5: let's time for you to step aside.

47
00:02:43,639 --> 00:02:45,440
Speaker 2: There could be one that we don't know about right now.

48
00:02:45,520 --> 00:02:47,840
Speaker 5: There's no succession plan, but there are you know, the

49
00:02:47,919 --> 00:02:51,280
Speaker 5: three Johns who are who all.

50
00:02:51,280 --> 00:02:55,079
Speaker 2: Want They all want McConnell's job.

51
00:02:55,120 --> 00:02:57,079
Speaker 5: I mean, it's one of the best jobs in America.

52
00:02:57,400 --> 00:03:00,760
Speaker 5: You basically have a veto over any law that passes.

53
00:03:01,000 --> 00:03:02,760
Speaker 5: If you go back to two thousand and seven when

54
00:03:02,840 --> 00:03:06,160
Speaker 5: McConnell first got this job to today, you know, there's

55
00:03:06,240 --> 00:03:09,160
Speaker 5: like a handful of laws that have been made in

56
00:03:09,200 --> 00:03:12,960
Speaker 5: that time that he did not either support or acquiesce to,

57
00:03:13,680 --> 00:03:17,480
Speaker 5: you know, other than the Affordable Care Act and you know,

58
00:03:17,520 --> 00:03:21,600
Speaker 5: the Inflation Reduction Act and several more, every other law

59
00:03:21,639 --> 00:03:26,400
Speaker 5: has had to go through Mitch McConnell's veto. And that's

60
00:03:26,880 --> 00:03:32,400
Speaker 5: just the power that he has over personnel, over timing.

61
00:03:33,639 --> 00:03:36,000
Speaker 5: You know, a few years ago, Mitch McConnell woke up

62
00:03:36,040 --> 00:03:40,680
Speaker 5: and decided to ban smoking or ban people under twenty

63
00:03:40,680 --> 00:03:43,840
Speaker 5: one from buying tobacco products, and it just happened. You know,

64
00:03:44,440 --> 00:03:47,960
Speaker 5: It's just, you know, it's amazing the amount of power

65
00:03:48,040 --> 00:03:50,360
Speaker 5: that guy has had. And one of the ways that

66
00:03:50,360 --> 00:03:53,040
Speaker 5: you're seeing the power is just how quiet people are

67
00:03:53,080 --> 00:03:55,920
Speaker 5: being in the Senate. You know that nobody is getting

68
00:03:55,920 --> 00:03:58,760
Speaker 5: out in front of him. They're giving him time to

69
00:03:58,800 --> 00:04:02,320
Speaker 5: sort of process. He put out this very short statement

70
00:04:02,400 --> 00:04:06,320
Speaker 5: from the Capital Attending Physician saying that he had been

71
00:04:06,360 --> 00:04:09,360
Speaker 5: cleared to resume his schedule. But it was there. There

72
00:04:09,440 --> 00:04:11,760
Speaker 5: was a lot that wasn't in that statement. It didn't

73
00:04:11,800 --> 00:04:15,560
Speaker 5: really say what his underlying condition was. It didn't say

74
00:04:15,600 --> 00:04:18,400
Speaker 5: if he has you know, if he's on any medications

75
00:04:18,640 --> 00:04:21,960
Speaker 5: or or has any other issues that we should be

76
00:04:22,000 --> 00:04:25,560
Speaker 5: worried about, other than saying that, you know, he's able

77
00:04:25,600 --> 00:04:27,919
Speaker 5: to do the job. And and I think that this is

78
00:04:27,960 --> 00:04:29,400
Speaker 5: going to be something where he's going to have a

79
00:04:29,400 --> 00:04:31,919
Speaker 5: lot of tests to prove that he's still able to

80
00:04:31,960 --> 00:04:33,840
Speaker 5: do the job. And keep in mind, there's a lot

81
00:04:34,360 --> 00:04:37,280
Speaker 5: of other things going on. We have a government shut down.

82
00:04:37,320 --> 00:04:39,400
Speaker 2: As I say, let's talk about the job There are

83
00:04:39,480 --> 00:04:41,719
Speaker 2: questions because we've you know, we've we've talked about the

84
00:04:41,720 --> 00:04:44,880
Speaker 2: budget battle a lot on this program, the idea of

85
00:04:45,080 --> 00:04:49,760
Speaker 2: supplemental funding requests for FEMA for Ukraine, an actual budget

86
00:04:49,800 --> 00:04:53,000
Speaker 2: for the government. Knowing that I think one appropriations build

87
00:04:53,040 --> 00:04:56,320
Speaker 2: cleared committee in the House, does it matter to have

88
00:04:56,720 --> 00:04:59,640
Speaker 2: a potentially compromised leader at a time like these? How

89
00:04:59,680 --> 00:05:01,320
Speaker 2: would it impact the negotiations?

90
00:05:01,440 --> 00:05:03,960
Speaker 5: I think it could impact them a little bit. But

91
00:05:04,480 --> 00:05:09,480
Speaker 5: you know, the reality is this year is about Kevin McCarthy.

92
00:05:09,560 --> 00:05:12,880
Speaker 5: You know, a government shutdown will happen or not, depending

93
00:05:12,920 --> 00:05:15,960
Speaker 5: on whether Kevin McCarthy wants to sort of rip off

94
00:05:16,000 --> 00:05:18,679
Speaker 5: the band aid and tell the Freedom Caucus and others

95
00:05:18,680 --> 00:05:21,279
Speaker 5: who are demanding all sorts of things like defunding the

96
00:05:21,279 --> 00:05:27,680
Speaker 5: Department of Justice's investigations into the former president and a

97
00:05:27,720 --> 00:05:30,680
Speaker 5: bunch of other demands they have, that they're not going

98
00:05:30,760 --> 00:05:33,240
Speaker 5: to get what they want on this stopgap spending bill

99
00:05:33,640 --> 00:05:37,000
Speaker 5: to keep the government open after September thirty without them.

100
00:05:37,200 --> 00:05:40,120
Speaker 5: You can certainly he could put a bill on the

101
00:05:40,160 --> 00:05:44,360
Speaker 5: floor tomorrow that just extended existing spending and it would

102
00:05:44,400 --> 00:05:47,599
Speaker 5: probably get three hundred votes. Now, the thing is that

103
00:05:47,640 --> 00:05:50,479
Speaker 5: with Democrats supporting yes, of course. And this is you know,

104
00:05:50,560 --> 00:05:53,520
Speaker 5: this is how Washington's worked. When Republicans have been in charge.

105
00:05:53,560 --> 00:05:56,960
Speaker 5: They haven't been able to pass too many bills with

106
00:05:57,320 --> 00:05:59,960
Speaker 5: their only Republican votes. They've been able to pass bill

107
00:06:00,279 --> 00:06:05,560
Speaker 5: with Democratic votes and a majority of Republicans. And you know,

108
00:06:05,760 --> 00:06:09,760
Speaker 5: McConnell in the past had been the guy cutting those deals.

109
00:06:10,279 --> 00:06:13,120
Speaker 5: After the House passed over some bill that was never

110
00:06:13,160 --> 00:06:16,520
Speaker 5: going to pass the Senate, McConnell would cobble together something

111
00:06:16,560 --> 00:06:20,560
Speaker 5: that would get enough Republican support and enough Democratic support

112
00:06:20,560 --> 00:06:24,520
Speaker 5: and get to the president's signature. But already this year,

113
00:06:24,680 --> 00:06:28,120
Speaker 5: you know, during the deat limit crisis, McConnell, you know,

114
00:06:28,200 --> 00:06:31,360
Speaker 5: sat down with me before the deal was cut and said, look,

115
00:06:31,400 --> 00:06:33,640
Speaker 5: you know, people think I have like some deal in

116
00:06:33,640 --> 00:06:36,640
Speaker 5: my pocket here, and they reached into his yay, he

117
00:06:36,760 --> 00:06:39,240
Speaker 5: reached into his jacket, and it's like, you know, I

118
00:06:39,240 --> 00:06:42,279
Speaker 5: don't have some secret plan to end the deat limit crisis.

119
00:06:42,400 --> 00:06:46,360
Speaker 5: McCarthy and Biden have to solve it. And he said

120
00:06:46,360 --> 00:06:48,520
Speaker 5: that this time was different than you know, a decade

121
00:06:48,560 --> 00:06:51,039
Speaker 5: ago when he cut these deals with Biden, that the

122
00:06:51,120 --> 00:06:55,920
Speaker 5: House Republican Party is different, and I think the House Republicans.

123
00:06:55,920 --> 00:06:58,960
Speaker 5: There's so many of them that don't like McConnell. Trump

124
00:06:59,000 --> 00:07:01,120
Speaker 5: doesn't like McConnell. Trump's been trying to get rid of

125
00:07:01,200 --> 00:07:06,720
Speaker 5: McConnell's So you know, a McConnell blessed deal isn't necessarily

126
00:07:06,760 --> 00:07:10,320
Speaker 5: gonna help McCarthy get past this point.

127
00:07:11,040 --> 00:07:13,120
Speaker 2: Steven Dennis, great to talk with you when everyone comes

128
00:07:13,120 --> 00:07:15,040
Speaker 2: back to town. I'd love to do this again in

129
00:07:15,080 --> 00:07:16,520
Speaker 2: a week or two when we actually have a sense

130
00:07:16,560 --> 00:07:18,040
Speaker 2: of the trajectory of this whole thing. Is one of

131
00:07:18,080 --> 00:07:21,360
Speaker 2: the only reporters to actually sit down with Mitch McConnell

132
00:07:21,480 --> 00:07:24,239
Speaker 2: this year, Stephen Dennis, Thanks for being with us Bloomberg

133
00:07:24,280 --> 00:07:26,840
Speaker 2: Congressional reporter as we had the voice of Lester Munson.

134
00:07:27,400 --> 00:07:30,040
Speaker 2: You know Lester from our political panels BGR Government Affairs.

135
00:07:30,080 --> 00:07:32,400
Speaker 2: Do you know he was not only the former staff

136
00:07:32,400 --> 00:07:34,520
Speaker 2: director Senate Foreign Relations committe he was the chief of

137
00:07:34,600 --> 00:07:40,320
Speaker 2: staff for Senator Mark Kirk. When Senator Kirk had a stroke.

138
00:07:40,400 --> 00:07:42,680
Speaker 2: This was a senator from Illinois, you might remember. This

139
00:07:43,320 --> 00:07:50,200
Speaker 2: caused by the dissection of his carotid artery, and for

140
00:07:50,280 --> 00:07:54,239
Speaker 2: an entire calendar year he was in recovery. Lester, thanks

141
00:07:54,240 --> 00:07:56,160
Speaker 2: for coming to talk to us about this, because I'm

142
00:07:56,200 --> 00:07:59,400
Speaker 2: sure you will not forget that year, and I wonder

143
00:07:59,440 --> 00:08:03,360
Speaker 2: your thoughts on the best way for Mitch McConnell's staff

144
00:08:03,440 --> 00:08:05,960
Speaker 2: to handle him in these sensitive weeks going forward.

145
00:08:06,400 --> 00:08:08,080
Speaker 3: Joe, one of the first things we did when we

146
00:08:08,160 --> 00:08:10,120
Speaker 3: realized Sendra Kirk wouldn't be out for a while, so

147
00:08:10,160 --> 00:08:13,160
Speaker 3: we asked Senator McConnell to come in as the leader

148
00:08:13,680 --> 00:08:17,000
Speaker 3: and talk to the staff and reassure them that they

149
00:08:17,000 --> 00:08:20,560
Speaker 3: were part of the Senate family and that we're all

150
00:08:20,560 --> 00:08:22,040
Speaker 3: going to get through this together. And he did that,

151
00:08:22,080 --> 00:08:24,280
Speaker 3: and he did a great job, so did Senator Durban

152
00:08:25,120 --> 00:08:27,600
Speaker 3: and some other senators who are friends of Senator Kirk's.

153
00:08:27,760 --> 00:08:31,800
Speaker 3: And what that brought home for me is that and

154
00:08:31,880 --> 00:08:35,240
Speaker 3: people don't really perceive this on the outside, I don't think,

155
00:08:35,280 --> 00:08:38,080
Speaker 3: but when you're inside the Senate, you realize it is

156
00:08:38,160 --> 00:08:41,760
Speaker 3: kind of a family and there is a lot of support.

157
00:08:41,760 --> 00:08:44,320
Speaker 3: And I think that's the reason we're seeing President Biden

158
00:08:45,160 --> 00:08:48,120
Speaker 3: be so. I mean, there's some political reasons perhaps for

159
00:08:48,200 --> 00:08:51,360
Speaker 3: him as well, but he's genuinely friends with Sendra McConnell

160
00:08:51,480 --> 00:08:53,440
Speaker 3: and he is concerned about him, and he wants to

161
00:08:53,440 --> 00:08:57,360
Speaker 3: be supportive and that's largely how the Senate operates. When

162
00:08:57,960 --> 00:09:03,440
Speaker 3: someone's in distress, the entire institution rallies around that senator,

163
00:09:03,480 --> 00:09:08,559
Speaker 3: that staff, that office, those functions, and they work together

164
00:09:08,600 --> 00:09:12,280
Speaker 3: to try and keep things going in the breach, if

165
00:09:12,320 --> 00:09:15,200
Speaker 3: you will. And so that's maybe something that we don't

166
00:09:15,240 --> 00:09:17,160
Speaker 3: see as well from the outside. Yes, there are going

167
00:09:17,240 --> 00:09:21,000
Speaker 3: to be members who are thinking about replacing McConnell, of course,

168
00:09:21,080 --> 00:09:23,200
Speaker 3: because he's not going to be a leader forever. But

169
00:09:23,280 --> 00:09:26,400
Speaker 3: what's really going on now is everyone is coming together,

170
00:09:26,440 --> 00:09:29,440
Speaker 3: particularly Republicans, to try and support the leader and get

171
00:09:29,520 --> 00:09:33,960
Speaker 3: him through this to where you know, he's it's apparent

172
00:09:34,000 --> 00:09:36,080
Speaker 3: that he's fully functional and able to do the job.

173
00:09:37,200 --> 00:09:40,640
Speaker 3: So that's the thing. There's a Senate really comes together

174
00:09:40,679 --> 00:09:41,640
Speaker 3: and it's kind of a nice thing.

175
00:09:43,000 --> 00:09:45,319
Speaker 2: So if this ends up being side effects from a

176
00:09:45,360 --> 00:09:49,920
Speaker 2: stroke and there is actual recovery ahead, Lester, could Mitch

177
00:09:50,000 --> 00:09:52,520
Speaker 2: McConnell be in the Senate for years he's eighty one

178
00:09:52,600 --> 00:09:53,280
Speaker 2: years old.

179
00:09:53,480 --> 00:09:57,240
Speaker 3: Well, I think he could. There was a Senator from

180
00:09:57,280 --> 00:10:01,319
Speaker 3: South Dakota, Tim Johnson, who got re elected after having

181
00:10:01,360 --> 00:10:05,360
Speaker 3: a very severe stroke and he had, you know, there

182
00:10:05,360 --> 00:10:12,160
Speaker 3: were some consequences for his faculties physically mostly after that stroke,

183
00:10:12,200 --> 00:10:13,679
Speaker 3: but he got re elected. He continued to do the

184
00:10:13,720 --> 00:10:15,320
Speaker 3: job as Center I think, as even Chairman of the

185
00:10:15,320 --> 00:10:18,760
Speaker 3: Banking Committee for quite some time. So there's precedent for this.

186
00:10:18,960 --> 00:10:22,720
Speaker 3: Can he be the leader, that's maybe a separate question

187
00:10:22,760 --> 00:10:24,560
Speaker 3: from whether he can be a senator. So I think

188
00:10:25,559 --> 00:10:28,840
Speaker 3: his colleagues in the conference, as Stephen was saying earlier,

189
00:10:29,320 --> 00:10:31,160
Speaker 3: they're going to come together next week. They're going to

190
00:10:31,160 --> 00:10:33,840
Speaker 3: take a look at Senator McConnell. They're going to listen

191
00:10:33,880 --> 00:10:36,400
Speaker 3: to him. They're probably already talking to him. They're going

192
00:10:36,480 --> 00:10:38,920
Speaker 3: to have to make a kind of a group decision

193
00:10:39,080 --> 00:10:41,280
Speaker 3: about how to proceed here. And if it looks like

194
00:10:42,000 --> 00:10:44,800
Speaker 3: Senator McConnell is fine, as his doctor says, and as

195
00:10:44,840 --> 00:10:47,280
Speaker 3: he's saying, then the things will keep going. If there's

196
00:10:47,320 --> 00:10:49,560
Speaker 3: some evidence that he can't do the job of leader,

197
00:10:49,640 --> 00:10:52,400
Speaker 3: then there may be a move afoot to have an

198
00:10:52,400 --> 00:10:56,280
Speaker 3: election in the next few months to replace him. Again,

199
00:10:56,920 --> 00:10:59,240
Speaker 3: this is not he's not the commander in chief, not

200
00:10:59,280 --> 00:11:00,960
Speaker 3: going to have to wake up at three am to

201
00:11:00,960 --> 00:11:04,360
Speaker 3: make some difficult call about American forces in harm's way

202
00:11:04,760 --> 00:11:07,320
Speaker 3: or something like that. The Senates of Deliberative Body, it

203
00:11:07,400 --> 00:11:09,520
Speaker 3: takes months for the Senate to make any kind of

204
00:11:09,559 --> 00:11:13,200
Speaker 3: decision anyway. So I'm I'm pretty confident Senator mcconnald's going

205
00:11:13,240 --> 00:11:17,080
Speaker 3: to continue his job, even under under bad circumstances for

206
00:11:17,280 --> 00:11:20,040
Speaker 3: the for the time being, because the simply don't you know,

207
00:11:20,800 --> 00:11:23,120
Speaker 3: he's going to be okay in the in the context

208
00:11:23,120 --> 00:11:25,480
Speaker 3: of the Senate the longer term, I think we might

209
00:11:25,480 --> 00:11:26,559
Speaker 3: be looking at some questions.

210
00:11:27,080 --> 00:11:29,559
Speaker 2: There have been questions about, you know, the turnover here

211
00:11:29,600 --> 00:11:33,360
Speaker 2: and potentially the next session of Congress, especially lesser if

212
00:11:33,400 --> 00:11:36,160
Speaker 2: Republicans win the majority, which is entirely possible. In fact,

213
00:11:36,160 --> 00:11:39,319
Speaker 2: a lot of people are predicting that would the Republican

214
00:11:39,440 --> 00:11:42,559
Speaker 2: conference in the Senate demand new leadership if that were

215
00:11:42,600 --> 00:11:42,960
Speaker 2: the case.

216
00:11:43,400 --> 00:11:46,000
Speaker 3: It's that's a great question. There was a there was

217
00:11:46,040 --> 00:11:50,640
Speaker 3: a contentious vote with Sendor McConnell before this kind of

218
00:11:50,760 --> 00:11:54,800
Speaker 3: started between Sender Scott from Florida and Senator McConnell, and

219
00:11:54,840 --> 00:11:58,120
Speaker 3: Senator Scott got eleven votes, So that's that's not not

220
00:11:58,280 --> 00:12:00,680
Speaker 3: nearly a majority, of course, but it's a magnificant number

221
00:12:00,679 --> 00:12:04,400
Speaker 3: of votes in the conference. There's there is a there's

222
00:12:04,400 --> 00:12:07,880
Speaker 3: already kind of a national competition going between the three Johns,

223
00:12:07,880 --> 00:12:10,680
Speaker 3: and perhaps there are others who may throw their their

224
00:12:10,720 --> 00:12:14,400
Speaker 3: hat into the ring. I think we're I think we're

225
00:12:14,600 --> 00:12:18,120
Speaker 3: likely to see a battle at the appropriate point in

226
00:12:18,160 --> 00:12:21,520
Speaker 3: the future. If there's a in the new Congress in

227
00:12:21,640 --> 00:12:25,760
Speaker 3: early twenty twenty five, if Republicans are the majority, it's

228
00:12:25,840 --> 00:12:28,520
Speaker 3: either either we're going to see Senator McConnell re elected

229
00:12:28,559 --> 00:12:31,400
Speaker 3: with a with a probably a tough battle as there

230
00:12:31,559 --> 00:12:34,280
Speaker 3: was a few months ago, or or we're going to

231
00:12:34,320 --> 00:12:37,640
Speaker 3: see new leadership that may that may have been selected

232
00:12:38,080 --> 00:12:39,920
Speaker 3: at some point in the next year and a half,

233
00:12:40,200 --> 00:12:46,000
Speaker 3: depending on his health situation. So I think, regardless of circumstances,

234
00:12:46,040 --> 00:12:48,160
Speaker 3: we're going to we're going to see some changes and

235
00:12:48,280 --> 00:12:51,760
Speaker 3: some some competition here for the top job.

236
00:12:52,679 --> 00:12:54,760
Speaker 2: I only have a minute left, Lester. Would you make

237
00:12:54,800 --> 00:12:56,720
Speaker 2: sure to get Mitch McConnell at the podium next week

238
00:12:56,760 --> 00:12:58,160
Speaker 2: answer questions from reporters.

239
00:12:59,559 --> 00:13:02,360
Speaker 3: Yeah, I think you know. That's That's what I'd be doing.

240
00:13:03,080 --> 00:13:08,040
Speaker 3: If what we're hearing is the is the kind of

241
00:13:08,040 --> 00:13:10,959
Speaker 3: a full story that his health is in fact fine,

242
00:13:11,000 --> 00:13:13,360
Speaker 3: he can do his job. He's been cleared. They should

243
00:13:13,360 --> 00:13:16,720
Speaker 3: get him out there to be seen in public doing

244
00:13:16,760 --> 00:13:19,640
Speaker 3: his job and reassure folks that most important test, though,

245
00:13:19,679 --> 00:13:22,160
Speaker 3: is with his fellow Republicans, and they are right. They

246
00:13:22,160 --> 00:13:24,040
Speaker 3: are going to kind of go through that at lunch

247
00:13:24,120 --> 00:13:26,160
Speaker 3: on Wednesday of next week. That'll be the first.

248
00:13:26,000 --> 00:13:29,400
Speaker 2: Test next Wednesday lunch. Maybe we'll talk to Lester after that.

249
00:13:29,440 --> 00:13:31,840
Speaker 2: Great to have you back, Lester. Lester months and at

250
00:13:31,840 --> 00:13:35,560
Speaker 2: BG our government affairs typically a panelist, a Republican strategist.

251
00:13:35,600 --> 00:13:38,200
Speaker 2: We talked to you here on Bloomberg sound On, but

252
00:13:38,240 --> 00:13:40,560
Speaker 2: a special first hand insight to share it today, and

253
00:13:40,559 --> 00:13:42,440
Speaker 2: we thank you for it. Lester, m Joe Matthew. This

254
00:13:42,760 --> 00:13:47,080
Speaker 2: is Bloomberg. You're listening to the Bloomberg Sound On podcast.

255
00:13:47,440 --> 00:13:50,520
Speaker 2: Catch the program live weekdays at one Eastern.

256
00:13:50,400 --> 00:13:53,600
Speaker 1: On Bloomberg Radio, the tune in app, Bloomberg dot Com,

257
00:13:53,640 --> 00:13:56,559
Speaker 1: and the Bloomberg Business App. You can also listen live

258
00:13:56,640 --> 00:14:00,199
Speaker 1: on Amazon Alexa from our flagship New York station, Day

259
00:14:00,280 --> 00:14:02,200
Speaker 1: Alexa played Bloomberg eleven.

260
00:14:03,920 --> 00:14:06,080
Speaker 2: It is Jobs Day, and for the White House, it

261
00:14:06,160 --> 00:14:09,400
Speaker 2: brings good news. I'm stronger than expected. Payrolls up one

262
00:14:09,440 --> 00:14:12,520
Speaker 2: hundred and eighty seven thousand jobs, Wage growth the slowest

263
00:14:12,920 --> 00:14:17,960
Speaker 2: pace since early last year. Participation up for the first

264
00:14:17,960 --> 00:14:21,920
Speaker 2: time since March, President Biden speaking to the nation from

265
00:14:21,920 --> 00:14:23,320
Speaker 2: the Rose Garden A short time ago.

266
00:14:23,480 --> 00:14:27,120
Speaker 4: We've recovered all the jobs lost during the pandemic. We've

267
00:14:27,160 --> 00:14:31,600
Speaker 4: added a million more new jobs. More than seven hundred

268
00:14:31,640 --> 00:14:35,720
Speaker 4: thousand people joined the labor force last month, which means

269
00:14:35,680 --> 00:14:38,600
Speaker 4: he's the highest shared of working age Americans are in

270
00:14:38,640 --> 00:14:41,960
Speaker 4: the workforce now than at any time in the past

271
00:14:42,080 --> 00:14:42,920
Speaker 4: twenty years.

272
00:14:42,960 --> 00:14:45,480
Speaker 2: It's a good story to tell le you wonder where

273
00:14:45,480 --> 00:14:48,600
Speaker 2: we're heading with some real cross currents, some headwinds coming

274
00:14:48,600 --> 00:14:51,240
Speaker 2: in September. So I went down to the Labor Department

275
00:14:51,240 --> 00:14:53,480
Speaker 2: this morning to talk about it with the Acting Secretary

276
00:14:53,560 --> 00:14:57,760
Speaker 2: of Labor, Julie Sue. We met outside and started by

277
00:14:57,840 --> 00:15:00,360
Speaker 2: reading her a tweet from our next guest, Mark Xandy.

278
00:15:00,360 --> 00:15:01,680
Speaker 2: He's going to be with us in just a minute.

279
00:15:01,680 --> 00:15:03,760
Speaker 2: This is what Mark said on Twitter. The August jobs

280
00:15:03,800 --> 00:15:07,640
Speaker 2: report could not be much better. Job growth solid but slowing.

281
00:15:07,720 --> 00:15:11,000
Speaker 2: Unemployment rose, but for the right reason, more labor supply

282
00:15:11,120 --> 00:15:15,880
Speaker 2: participation jumped, Wage growth growth continues to moderate, ours work rose.

283
00:15:15,880 --> 00:15:20,800
Speaker 2: The report, he says, has soft landing written all over it,

284
00:15:20,960 --> 00:15:24,480
Speaker 2: And so I started by asking Madam Secretary if that's

285
00:15:24,560 --> 00:15:27,360
Speaker 2: how she sees it. Here she is being written all

286
00:15:27,400 --> 00:15:27,760
Speaker 2: over it?

287
00:15:27,800 --> 00:15:28,680
Speaker 1: Is that how you see it?

288
00:15:28,880 --> 00:15:31,600
Speaker 6: Yeah, I mean this is the kind of job growth

289
00:15:31,600 --> 00:15:34,720
Speaker 6: we'd want to see if we're looking for soft landing.

290
00:15:34,880 --> 00:15:38,360
Speaker 2: Well, with that said, unemployment is rising, and it's interesting

291
00:15:38,400 --> 00:15:40,400
Speaker 2: to see Wall Street celebrating that. I'll ask you your

292
00:15:40,440 --> 00:15:42,240
Speaker 2: thoughts on that in a moment. But the duration of

293
00:15:42,320 --> 00:15:45,120
Speaker 2: unemployment is increasing. Is that because more people are looking

294
00:15:45,160 --> 00:15:47,760
Speaker 2: for work or because of the many people on strike

295
00:15:47,840 --> 00:15:48,880
Speaker 2: right now country?

296
00:15:49,000 --> 00:15:53,760
Speaker 6: So the slight uptick in unemployment was due entirely to

297
00:15:53,840 --> 00:15:56,920
Speaker 6: more people coming into labor market. I think that is

298
00:15:56,960 --> 00:15:59,160
Speaker 6: also a sign of optimism, right. It's a sign of

299
00:15:59,160 --> 00:16:01,680
Speaker 6: the strength of our co It was also a very

300
00:16:01,720 --> 00:16:05,320
Speaker 6: small uptick, so that the overall unemployment rate remains under

301
00:16:05,360 --> 00:16:08,960
Speaker 6: four percent for the longest stretch since the nineteen sixties.

302
00:16:09,560 --> 00:16:11,560
Speaker 2: What do you think as we walk into this labor

303
00:16:11,680 --> 00:16:14,840
Speaker 2: day when you see Wall Street rally on the idea

304
00:16:14,840 --> 00:16:16,000
Speaker 2: of rising unemployment.

305
00:16:16,840 --> 00:16:20,240
Speaker 6: I think that these are all signs that the president's

306
00:16:20,320 --> 00:16:24,960
Speaker 6: economic agenda, what we call Bidenomics, is investing in America right,

307
00:16:25,040 --> 00:16:28,080
Speaker 6: the idea that if we do our jobs well, we

308
00:16:28,160 --> 00:16:32,160
Speaker 6: can have a tight labor market where workers share in prosperity.

309
00:16:32,440 --> 00:16:37,720
Speaker 6: Where we recover from the economic catastrophe of the global

310
00:16:37,760 --> 00:16:40,320
Speaker 6: pandemic to a point where we have steady and stable growth,

311
00:16:40,400 --> 00:16:43,440
Speaker 6: that all this is not only possible, but it's actually happening.

312
00:16:43,720 --> 00:16:46,800
Speaker 2: You've been asked a lot about union actions lately with

313
00:16:46,840 --> 00:16:49,760
Speaker 2: regard to the UAW. What's going on in Hollywood right now.

314
00:16:49,800 --> 00:16:53,840
Speaker 2: There could be flight attendants involved, This could go beyond that.

315
00:16:54,440 --> 00:16:56,680
Speaker 2: I'm not going to ask you if you're getting involved yet,

316
00:16:56,720 --> 00:16:58,960
Speaker 2: because I know you're waiting to be asked if that happens,

317
00:16:59,000 --> 00:17:01,080
Speaker 2: to make a decision at some point. But what are

318
00:17:01,080 --> 00:17:03,720
Speaker 2: your models telling you if all of these strikes were

319
00:17:03,720 --> 00:17:05,720
Speaker 2: to coincide in the fall, what whatd that mean for

320
00:17:05,760 --> 00:17:06,320
Speaker 2: our economy?

321
00:17:06,760 --> 00:17:06,920
Speaker 3: Right?

322
00:17:06,960 --> 00:17:09,000
Speaker 6: So, let's put all this in the context of the

323
00:17:09,280 --> 00:17:12,480
Speaker 6: job's day numbers that we're talking about. This is an

324
00:17:12,520 --> 00:17:16,320
Speaker 6: economy that has defied all expectations in terms of its recovery,

325
00:17:16,440 --> 00:17:20,840
Speaker 6: both the rapid pace of it and and how broadly

326
00:17:20,920 --> 00:17:24,600
Speaker 6: shared it is. This is Bidenomics in action. Part of

327
00:17:24,640 --> 00:17:28,000
Speaker 6: the President's commitment is to empowering workers, making sure that

328
00:17:28,040 --> 00:17:30,600
Speaker 6: workers get their fair share and do well, and part

329
00:17:30,600 --> 00:17:34,359
Speaker 6: of that has meant that unions have more ability power

330
00:17:34,520 --> 00:17:37,119
Speaker 6: to demand changes at the bargaining table. We've seen some

331
00:17:37,200 --> 00:17:41,040
Speaker 6: really good results from that. Right the teamsters and ups

332
00:17:41,080 --> 00:17:44,000
Speaker 6: resolved their issues. People wrung their hands about that too

333
00:17:44,000 --> 00:17:47,600
Speaker 6: and wondered expected that not to happen. It not only happened,

334
00:17:47,600 --> 00:17:51,439
Speaker 6: but they ratified a contract with some eighty six percent

335
00:17:51,480 --> 00:17:56,080
Speaker 6: of members. The West Coast Ports twenty nine ports resolved

336
00:17:56,119 --> 00:17:58,439
Speaker 6: issues that were really complicated as well and have a

337
00:17:58,480 --> 00:18:03,360
Speaker 6: multi year contracting. These are what happens.

338
00:18:03,400 --> 00:18:04,800
Speaker 2: Do you see this resolving itself?

339
00:18:05,000 --> 00:18:07,040
Speaker 6: I mean, I'm not going to make a prediction about that,

340
00:18:07,160 --> 00:18:09,919
Speaker 6: but I do think that the process requires that we

341
00:18:09,960 --> 00:18:13,520
Speaker 6: respect the party's ability and their continued commitment to bargaining

342
00:18:13,560 --> 00:18:14,080
Speaker 6: at the table.

343
00:18:14,160 --> 00:18:15,800
Speaker 2: I have to ask you about Taylor Swift. I don't

344
00:18:15,800 --> 00:18:17,680
Speaker 2: know if you saw Taylor Swift when she came to town,

345
00:18:17,720 --> 00:18:20,080
Speaker 2: but we're hearing that the impact the Federal Reserve. You

346
00:18:20,080 --> 00:18:23,200
Speaker 2: even mentioned this of her tour and even Beyonce's tour

347
00:18:23,240 --> 00:18:26,080
Speaker 2: to some extent, helped to paper over some weakness that

348
00:18:26,160 --> 00:18:28,760
Speaker 2: might have otherwise emerged in this job's report. What's it

349
00:18:28,800 --> 00:18:30,760
Speaker 2: going to look like when everyone comes off tour after

350
00:18:30,760 --> 00:18:31,240
Speaker 2: the summer.

351
00:18:31,960 --> 00:18:34,120
Speaker 6: So I'm going to say something about women in general, right.

352
00:18:35,000 --> 00:18:38,439
Speaker 6: Women are powering this economic recovery. We can talk about Beyonce,

353
00:18:38,520 --> 00:18:40,320
Speaker 6: we can about Taylor Swift. I want to talk about

354
00:18:40,520 --> 00:18:44,040
Speaker 6: the record numbers of women in the job market now.

355
00:18:44,359 --> 00:18:47,080
Speaker 6: Remember during the pandemic, women were pushed out of the

356
00:18:47,119 --> 00:18:49,680
Speaker 6: labor market through things like our lack of paid leave,

357
00:18:50,080 --> 00:18:53,560
Speaker 6: difficulty with ascessing childcare. Those women are now back in

358
00:18:53,600 --> 00:18:57,119
Speaker 6: the labor market. We have the fifth month of historic

359
00:18:57,760 --> 00:19:00,320
Speaker 6: percentage of women in jobs, and I think we should

360
00:19:00,320 --> 00:19:04,240
Speaker 6: continue that effort to create good jobs, create good union jobs,

361
00:19:04,240 --> 00:19:06,119
Speaker 6: and make sure that everybody has access to them, including

362
00:19:06,480 --> 00:19:07,120
Speaker 6: we see Ahad.

363
00:19:06,960 --> 00:19:08,600
Speaker 2: Couple when all of these tours come to an end,

364
00:19:08,600 --> 00:19:10,080
Speaker 2: they're obviously employee more than women.

365
00:19:11,480 --> 00:19:14,320
Speaker 6: Yeah, but women. I've been looking at the labor market

366
00:19:14,359 --> 00:19:16,880
Speaker 6: as a whole and jobs as a whole. I think

367
00:19:16,880 --> 00:19:19,600
Speaker 6: that we're fortunately broad based recovery means we're not just

368
00:19:19,640 --> 00:19:23,879
Speaker 6: reliant on one or two superstars, but we're really seeing

369
00:19:23,880 --> 00:19:26,520
Speaker 6: what happens when people have confidence when you create good

370
00:19:26,600 --> 00:19:29,240
Speaker 6: jobs in all communities. As the Department of Labor, we're

371
00:19:29,280 --> 00:19:32,240
Speaker 6: really focused on making sure that everybody can get those

372
00:19:32,320 --> 00:19:33,159
Speaker 6: jobs out.

373
00:19:33,000 --> 00:19:35,560
Speaker 2: Of Secretary, Happy Labor Day, Happy to Labor doing in.

374
00:19:35,480 --> 00:19:39,240
Speaker 1: A month, you're listening to the Bloomberg Sound on podcast.

375
00:19:39,640 --> 00:19:43,200
Speaker 1: Catch us live weekdays at one Eastern on Bloomberg dot com,

376
00:19:43,240 --> 00:19:46,399
Speaker 1: the iHeartRadio app and the Bloomberg Business app, or listening

377
00:19:46,400 --> 00:19:49,080
Speaker 1: on demand wherever you get your podcasts.

378
00:19:49,640 --> 00:19:57,320
Speaker 2: Iswan DeSantis Never Backed Down, Superpack backing down. The headline

379
00:19:57,320 --> 00:19:59,720
Speaker 2: of the terminal Desanta's faces new sat back is super

380
00:19:59,720 --> 00:20:02,280
Speaker 2: Pack halt some canvassing and this is happening right now.

381
00:20:03,320 --> 00:20:08,040
Speaker 2: The Never Back Down cap shuttering door knocking operations in

382
00:20:08,080 --> 00:20:11,520
Speaker 2: early voting Nevada. They go before South Carolina as well

383
00:20:11,560 --> 00:20:14,720
Speaker 2: as California. In the latest cut to the Republican contenders, campaign,

384
00:20:15,520 --> 00:20:18,040
Speaker 2: officials from Never Back Down confirming the group plans to

385
00:20:18,080 --> 00:20:21,280
Speaker 2: halt door to door canvassing in those states and preserve

386
00:20:21,600 --> 00:20:27,359
Speaker 2: resources in early voting Iowa, New Hampshire, South Carolina, which

387
00:20:27,400 --> 00:20:32,840
Speaker 2: brings us to another headline. DeSantis Pack asks donors for

388
00:20:33,000 --> 00:20:36,200
Speaker 2: fifty million dollars. Anybody got a spare fifty We need

389
00:20:36,240 --> 00:20:39,120
Speaker 2: fifty million bucks. Let's reassemble the panel. Genie Shanzano joins

390
00:20:39,160 --> 00:20:43,040
Speaker 2: Bloomberg Politics contributor and Democratic analyst, and Lisa Camuso Miller

391
00:20:43,119 --> 00:20:46,560
Speaker 2: is back with us today Republican strategist at RESET Public Affairs,

392
00:20:46,600 --> 00:20:50,359
Speaker 2: former RNC communications director. What's going on here, Lisa. I

393
00:20:50,400 --> 00:20:52,440
Speaker 2: know that after the debate, there was a lot of

394
00:20:52,520 --> 00:20:55,480
Speaker 2: question about the trajectory of the Dessantas campaign, having seen

395
00:20:56,000 --> 00:21:00,000
Speaker 2: polling numbers decline significantly over the past couple of months

396
00:21:00,119 --> 00:21:03,840
Speaker 2: and just constant attacks from Donald Trump. Ron DeSantis came

397
00:21:03,880 --> 00:21:06,240
Speaker 2: off the campaign trail to deal with a hurricane in Florida.

398
00:21:06,280 --> 00:21:09,359
Speaker 2: Some thought that might be another reset. What does this

399
00:21:09,480 --> 00:21:12,560
Speaker 2: tell you when a super pack starts to reorganize resources like.

400
00:21:12,520 --> 00:21:18,439
Speaker 7: This, Well, they certainly reevaluate and change plans all the

401
00:21:18,520 --> 00:21:22,119
Speaker 7: time on the campaign level, and that's certainly something that

402
00:21:22,680 --> 00:21:26,560
Speaker 7: it doesn't necessarily surprise me. It surprises me more, Joe

403
00:21:26,600 --> 00:21:30,560
Speaker 7: to read that there are questions inside of the super

404
00:21:30,600 --> 00:21:34,359
Speaker 7: pack about whether or not some of those states have

405
00:21:34,640 --> 00:21:39,320
Speaker 7: such a heavy influence from the Trump campaign that they've

406
00:21:39,359 --> 00:21:43,840
Speaker 7: decided to reconfigure some of their approach. And that's interesting

407
00:21:43,880 --> 00:21:46,320
Speaker 7: to me too. Does the Trump campaign have so far

408
00:21:46,400 --> 00:21:48,400
Speaker 7: over reach into some of these states that it's making

409
00:21:48,480 --> 00:21:52,720
Speaker 7: it difficult for Desanta's money to go far enough in

410
00:21:52,800 --> 00:21:55,280
Speaker 7: order to make a difference. That to me is even

411
00:21:55,280 --> 00:21:57,640
Speaker 7: more interesting. So as much as I see that they're

412
00:21:57,680 --> 00:22:02,480
Speaker 7: recalibrating and they're changing process, I also think, though Joe,

413
00:22:03,119 --> 00:22:06,040
Speaker 7: it's so early still that to be spending money so

414
00:22:07,080 --> 00:22:09,480
Speaker 7: their burn rate must be off the charts. They must

415
00:22:09,480 --> 00:22:14,160
Speaker 7: be reconfiguring some to make sure that they're more tactically smarter,

416
00:22:14,680 --> 00:22:17,760
Speaker 7: making decisions that aren't necessarily putting all of their money

417
00:22:17,760 --> 00:22:20,920
Speaker 7: out there too quickly in advance. But he already has

418
00:22:21,080 --> 00:22:24,320
Speaker 7: probably more money than every other candidate, So to me,

419
00:22:25,080 --> 00:22:27,320
Speaker 7: I just feel like it's a recalibration. Yes, there's been

420
00:22:27,359 --> 00:22:29,720
Speaker 7: a lot of recalibration, but I also think that there

421
00:22:29,840 --> 00:22:33,520
Speaker 7: is something to be said for Ron DeSantis and his

422
00:22:33,560 --> 00:22:37,560
Speaker 7: political team in a state like Florida, he won thirty

423
00:22:37,560 --> 00:22:41,159
Speaker 7: three out of thirty seven counties. I mean, he is

424
00:22:41,160 --> 00:22:44,400
Speaker 7: a smart political guy, so I would not count him out.

425
00:22:45,400 --> 00:22:48,600
Speaker 2: Well, that's important, Genie. As we hear from Jeff Rowe

426
00:22:49,560 --> 00:22:54,040
Speaker 2: strategists to Desanta's strategists talking to donors last Wednesday, quote

427
00:22:54,280 --> 00:22:57,160
Speaker 2: let me tell you a secret, don't leak this unquote

428
00:22:57,200 --> 00:22:59,040
Speaker 2: my favorite part of the story. We need to do

429
00:22:59,119 --> 00:23:02,280
Speaker 2: this now, he says, after Labor Day we're launching. We

430
00:23:02,359 --> 00:23:03,960
Speaker 2: need your help and stay up and go hard the

431
00:23:03,960 --> 00:23:07,960
Speaker 2: rest of the way, we need fifty million bucks. It's like,

432
00:23:08,000 --> 00:23:10,800
Speaker 2: it reminds me of that scene in Vacation when Chevy

433
00:23:10,840 --> 00:23:12,720
Speaker 2: Chase's brother in law asks him for the money and

434
00:23:12,760 --> 00:23:14,720
Speaker 2: he puts the wallet right back in his pocket. Fifty

435
00:23:14,760 --> 00:23:16,760
Speaker 2: million dollars at this stage, Genie, can they do that?

436
00:23:18,640 --> 00:23:18,800
Speaker 3: Yeah?

437
00:23:18,880 --> 00:23:21,240
Speaker 8: That was my favorite part too. Don't like this, And

438
00:23:21,280 --> 00:23:23,879
Speaker 8: I also liked when he said the good news is

439
00:23:24,160 --> 00:23:26,120
Speaker 8: we have the money in this room. The bad news

440
00:23:26,240 --> 00:23:28,280
Speaker 8: is it's in your pockets. I mean, it was like

441
00:23:28,680 --> 00:23:31,800
Speaker 8: a bad you know, Hollywood movie where he was pitching

442
00:23:31,840 --> 00:23:34,640
Speaker 8: for this money. And let's not forget he wants fifty

443
00:23:34,880 --> 00:23:40,480
Speaker 8: million before the second debate that's September twenty seventh, you know.

444
00:23:40,560 --> 00:23:43,399
Speaker 8: But Jeff ro he knows how to raise money. He

445
00:23:43,520 --> 00:23:46,200
Speaker 8: does it well, he's always done it well. He probably

446
00:23:46,280 --> 00:23:50,080
Speaker 8: will get it. But this is just to me speaks

447
00:23:50,200 --> 00:23:52,879
Speaker 8: volumes because another thing he said in this, well a

448
00:23:52,880 --> 00:23:57,520
Speaker 8: couple things. Number one, he said that if they don't

449
00:23:57,560 --> 00:24:01,560
Speaker 8: get this, they are likely to lose because this is

450
00:24:01,600 --> 00:24:03,440
Speaker 8: all going to come down to the big states. We

451
00:24:03,480 --> 00:24:06,639
Speaker 8: know about Wisconsin, Pennsylvania in the end. In other words,

452
00:24:06,680 --> 00:24:09,399
Speaker 8: he is saying, what a lot of establishment Republicans are

453
00:24:09,440 --> 00:24:12,359
Speaker 8: saying is that Trump can simply not win the general election.

454
00:24:12,800 --> 00:24:15,720
Speaker 8: So there's that. Then he also really put a timeline

455
00:24:15,760 --> 00:24:18,439
Speaker 8: on this thing. He said, give me this fifty million

456
00:24:18,600 --> 00:24:22,600
Speaker 8: sixty days. Well, that takes you to about November. So

457
00:24:22,720 --> 00:24:26,080
Speaker 8: I read this as jeffro saying, if DeSantis doesn't have

458
00:24:26,200 --> 00:24:30,000
Speaker 8: his what one hundredth come back by November, this thing

459
00:24:30,119 --> 00:24:33,240
Speaker 8: is done. So I don't think that we have as

460
00:24:33,320 --> 00:24:35,959
Speaker 8: much time as we usually do in a typical election.

461
00:24:36,119 --> 00:24:39,040
Speaker 8: I think the clock is ticking. Jeffrow is telling big

462
00:24:39,080 --> 00:24:43,840
Speaker 8: time donors. Why because in that debate Nikki Hayley really

463
00:24:43,880 --> 00:24:47,200
Speaker 8: wiped the floor with Ron DeSantis. Donors are attracted to her.

464
00:24:47,400 --> 00:24:50,639
Speaker 8: He's worried they're fleeing, and he's saying, one last time,

465
00:24:50,960 --> 00:24:52,879
Speaker 8: give it to me. I'll show you some return on

466
00:24:52,920 --> 00:24:57,080
Speaker 8: your investment. If that doesn't come, DeSantis is probably toast

467
00:24:57,119 --> 00:24:57,640
Speaker 8: in this thing.

468
00:24:58,240 --> 00:25:01,040
Speaker 2: Wow, all right, Well we have a lo disagreement here,

469
00:25:01,160 --> 00:25:02,720
Speaker 2: I guess. And by the way, this is all coming

470
00:25:02,760 --> 00:25:04,600
Speaker 2: from the New York Times. They got an audio recording

471
00:25:04,640 --> 00:25:06,840
Speaker 2: of this whole thing in which Roe did say that

472
00:25:06,920 --> 00:25:09,560
Speaker 2: DeSantis needs to beat Donald Trump in the next sixty

473
00:25:09,640 --> 00:25:13,200
Speaker 2: days and separate himself from the pack from the other rivals.

474
00:25:13,280 --> 00:25:17,520
Speaker 2: Quote unquote, Now with an update on Donald Trump and

475
00:25:17,520 --> 00:25:19,800
Speaker 2: his legal woes, remembering he pleaded not guilty or as

476
00:25:19,840 --> 00:25:22,080
Speaker 2: going to without showing up in court. And Georgia, there's

477
00:25:22,119 --> 00:25:26,840
Speaker 2: been this big push for a special legislative session by

478
00:25:26,920 --> 00:25:30,479
Speaker 2: the former president and his allies to oust Fannie Willis,

479
00:25:30,480 --> 00:25:34,560
Speaker 2: the Fulton County DA enter Governor Brian Kemp, remember the

480
00:25:34,600 --> 00:25:36,440
Speaker 2: Republican governor of Georgia.

481
00:25:36,520 --> 00:25:40,159
Speaker 9: You know, these are the distractions that gets you to

482
00:25:40,200 --> 00:25:43,520
Speaker 9: lose elections. The last time we were talking about special

483
00:25:43,560 --> 00:25:46,040
Speaker 9: sessions here in the state of Georgia, just a few

484
00:25:46,080 --> 00:25:50,639
Speaker 9: weeks later, the Republican majority lost two US Senate races.

485
00:25:51,280 --> 00:25:54,840
Speaker 2: Lisa Brian Kemp continues to be Donald Trump's worst nightmare.

486
00:25:55,119 --> 00:25:57,000
Speaker 2: He says, come back in the regular session if you

487
00:25:57,040 --> 00:25:58,800
Speaker 2: want to do this. It appears there may be no

488
00:25:58,920 --> 00:26:02,359
Speaker 2: hiding for the charges Fannie Willis has brought for Donald Trump.

489
00:26:02,400 --> 00:26:03,239
Speaker 2: Is that how you see it?

490
00:26:04,960 --> 00:26:08,879
Speaker 7: I mean, Governor Kemp is a leader in our party.

491
00:26:09,040 --> 00:26:12,199
Speaker 7: He is I mean, he is saying the truth. He

492
00:26:12,320 --> 00:26:14,560
Speaker 7: is talking about the fact that the election has not

493
00:26:14,600 --> 00:26:17,639
Speaker 7: been stolen. He's standing behind the elected officials and the

494
00:26:18,240 --> 00:26:20,760
Speaker 7: leaders in the state. He's doing what we expect our

495
00:26:20,800 --> 00:26:24,200
Speaker 7: elected officials to do, Joe and so to me, yeah,

496
00:26:24,280 --> 00:26:26,679
Speaker 7: he absolutely is the fly in the ointment for the

497
00:26:26,680 --> 00:26:29,880
Speaker 7: former president. But he is a patriot. I mean, it's

498
00:26:30,040 --> 00:26:32,360
Speaker 7: amazing and it's fantastic, and I wish there were more

499
00:26:32,359 --> 00:26:34,200
Speaker 7: Republicans that would stand up and say the same.

500
00:26:35,280 --> 00:26:39,000
Speaker 2: It's talking like a Democrat, almost genie. But that's kind

501
00:26:39,000 --> 00:26:41,640
Speaker 2: of the special thing about Georgia, isn't it. The Republican

502
00:26:41,720 --> 00:26:44,879
Speaker 2: leadership in that state just not big fans of Donald Trump.

503
00:26:46,080 --> 00:26:48,679
Speaker 8: Yeah, that's right, and he is absolutely telling the truth.

504
00:26:48,760 --> 00:26:51,840
Speaker 8: I agree with Lisa. You know, they lost. The Republicans

505
00:26:51,840 --> 00:26:56,560
Speaker 8: lost two Senate seats for the first time in modern history,

506
00:26:56,800 --> 00:27:00,160
Speaker 8: just about and they lost it because they were playing

507
00:27:00,200 --> 00:27:03,800
Speaker 8: these kind of games that Brian Kemp is pushing back against.

508
00:27:04,359 --> 00:27:06,919
Speaker 8: This is not the way to win the suburbs. This

509
00:27:07,119 --> 00:27:10,640
Speaker 8: is not the way to win independence and moderates. When

510
00:27:10,720 --> 00:27:13,920
Speaker 8: you go down this road, you risk losing, and that's

511
00:27:13,920 --> 00:27:16,480
Speaker 8: what they did in twenty twenty one. And the risk

512
00:27:16,600 --> 00:27:18,840
Speaker 8: is they do it again all over and so he's

513
00:27:18,880 --> 00:27:19,880
Speaker 8: trying to stop that.

514
00:27:20,240 --> 00:27:22,000
Speaker 2: But he's going to It doesn't seem like the governor

515
00:27:22,080 --> 00:27:24,000
Speaker 2: is going to allow that to happen. I'm sure that's

516
00:27:24,040 --> 00:27:27,760
Speaker 2: also simultaneously true. We'll keep the beat on. Brian Kemp

517
00:27:27,760 --> 00:27:31,200
Speaker 2: for you. Final thoughts from our panel. Next, I'm Joe Matthew.

518
00:27:31,240 --> 00:27:32,159
Speaker 2: This is Bloomberg.

519
00:27:33,240 --> 00:27:36,600
Speaker 1: You're listening to The Bloomberg Sound on podcast. Catch the

520
00:27:36,640 --> 00:27:40,520
Speaker 1: program live weekdays at one Eastern on Bloomberg Radio, the

521
00:27:40,600 --> 00:27:43,920
Speaker 1: tune in alf, Bloomberg dot Com, and the Bloomberg Business app.

522
00:27:44,080 --> 00:27:46,919
Speaker 1: You can also listen live on Amazon Alexa from our

523
00:27:46,920 --> 00:27:51,439
Speaker 1: flagship New York station. Just say Alexa play Bloomberg eleven thirty.

524
00:27:53,040 --> 00:27:55,040
Speaker 2: As we head into this weekend where you might see

525
00:27:55,040 --> 00:27:58,000
Speaker 2: a barbecue or I don't know, maybe a bottle of beer.

526
00:27:58,040 --> 00:27:59,960
Speaker 2: At some point we have to put this story to bed.

527
00:28:01,000 --> 00:28:03,159
Speaker 2: We'll do it right. Just pour one for the panel.

528
00:28:04,119 --> 00:28:06,919
Speaker 2: I mean, I'm still working there. You can't do that

529
00:28:06,960 --> 00:28:11,879
Speaker 2: on the air. Let's bring back Genie Shanzo and Lisa

530
00:28:11,920 --> 00:28:15,439
Speaker 2: Camussa Miller. Listen to the head on that thing, all right.

531
00:28:15,480 --> 00:28:17,000
Speaker 2: So we got an update from the White House on

532
00:28:17,040 --> 00:28:19,840
Speaker 2: the two beers a week scandal. We talked about it yesterday.

533
00:28:19,840 --> 00:28:23,080
Speaker 2: This is the biggest controversy gripping the nation's Capital. Remember

534
00:28:23,080 --> 00:28:25,119
Speaker 2: what Ted Cruz said about this. He was very upset

535
00:28:25,160 --> 00:28:28,440
Speaker 2: about it that Americans could be limited to no more

536
00:28:28,480 --> 00:28:31,480
Speaker 2: than two beers a week. He suggested do strict alcohol

537
00:28:31,600 --> 00:28:36,320
Speaker 2: guidelines and follows an interview with doctor George Koob. This

538
00:28:36,359 --> 00:28:38,160
Speaker 2: is one of the health czars, I guess at the

539
00:28:38,160 --> 00:28:41,920
Speaker 2: White House Health. He's talking to the Daily Mail of

540
00:28:41,960 --> 00:28:45,640
Speaker 2: all people, of all places about whether the US might

541
00:28:45,680 --> 00:28:48,880
Speaker 2: revise its alcohol guidance to match Canada's, where indeed people

542
00:28:48,880 --> 00:28:50,440
Speaker 2: were advised to have just two drinks a week.

543
00:28:50,440 --> 00:28:50,880
Speaker 5: I never heard that.

544
00:28:50,920 --> 00:28:54,200
Speaker 2: I thought they loved beering. Canada just want to work.

545
00:28:54,680 --> 00:28:59,200
Speaker 2: There's two panelists. Okay, here we are. Now we finally

546
00:28:59,280 --> 00:29:02,200
Speaker 2: heard from the White ight House on this. It's straight

547
00:29:02,240 --> 00:29:06,920
Speaker 2: from the Press Secretary Karine John Pierre. Pretty tight tweet here.

548
00:29:07,280 --> 00:29:11,320
Speaker 2: Quote this claim is absolutely false, Genie Shanzo. Does this

549
00:29:11,400 --> 00:29:12,720
Speaker 2: go into the gas stove file?

550
00:29:14,000 --> 00:29:16,440
Speaker 8: It goes into the gas stoves file, it goes into

551
00:29:16,440 --> 00:29:19,640
Speaker 8: the Green eminem file. Joe Matthew, it's a Labor Day

552
00:29:19,680 --> 00:29:22,600
Speaker 8: weekend and you're not giving Lisa or any of this

553
00:29:22,680 --> 00:29:24,880
Speaker 8: beer that you're opening. I just want to note that.

554
00:29:25,120 --> 00:29:26,200
Speaker 2: I SUP.

555
00:29:27,320 --> 00:29:27,840
Speaker 8: That's all right.

556
00:29:27,880 --> 00:29:32,400
Speaker 2: So does this stuffs listen to Ted Crusey. Did you

557
00:29:32,440 --> 00:29:34,640
Speaker 2: hear him on Fox? We did this yesterday.

558
00:29:34,640 --> 00:29:37,520
Speaker 10: I just I can't trying to go after and regulate

559
00:29:37,920 --> 00:29:40,640
Speaker 10: ceiling fans. I gotta tell you, yes, we don't want

560
00:29:40,640 --> 00:29:42,880
Speaker 10: to get rid of our ceiling fans. And now these

561
00:29:42,880 --> 00:29:46,600
Speaker 10: idiots have come out and said drink two beers a week,

562
00:29:46,680 --> 00:29:49,400
Speaker 10: that's their guideline. Well, I gotta tell you if they

563
00:29:49,440 --> 00:29:51,680
Speaker 10: want us to drink two beers a week, frankly, they

564
00:29:51,680 --> 00:29:52,520
Speaker 10: can kiss my ass.

565
00:29:52,520 --> 00:29:52,880
Speaker 1: All right.

566
00:29:52,960 --> 00:29:55,480
Speaker 2: So I don't know that was news Max, actually Lisa,

567
00:29:55,520 --> 00:29:56,360
Speaker 2: who's right here.

568
00:29:57,800 --> 00:29:59,960
Speaker 7: I don't know, but it's certainly not good news. Friend

569
00:30:00,240 --> 00:30:02,480
Speaker 7: money to make that kind of recommendation. With the way

570
00:30:02,480 --> 00:30:06,840
Speaker 7: that the White Hopkinson administration ooops bingo saying hello, it

571
00:30:06,960 --> 00:30:09,160
Speaker 7: just seems to me like it's going. It's going in

572
00:30:09,240 --> 00:30:11,400
Speaker 7: the category with the gas stoves and all the rest.

573
00:30:11,440 --> 00:30:13,040
Speaker 7: Absolutely not I guess.

574
00:30:12,840 --> 00:30:19,640
Speaker 2: It is, yeah, gas stoves, showerheads, toilets, dishwashers. Thank you

575
00:30:19,680 --> 00:30:26,920
Speaker 2: for humoring me, Genie Shanzano and Lisa Camuso Miller. Thanks

576
00:30:26,920 --> 00:30:29,040
Speaker 2: for listening to the Sound on podcast. Make sure to

577
00:30:29,080 --> 00:30:32,280
Speaker 2: subscribe if you haven't already, at Apple, Spotify, and anywhere

578
00:30:32,280 --> 00:30:34,640
Speaker 2: else you get your podcasts, and you can find us

579
00:30:34,680 --> 00:30:38,040
Speaker 2: live every weekday from Washington, DC at one pm Eastern

580
00:30:38,080 --> 00:30:41,040
Speaker 2: Time at Bloomberg dot com