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Speaker 1: Global business news twenty four hours a day at Bloomberg

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Speaker 1: dot com, the Radio plus Mobile last and on your radio.

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Speaker 1: This is a Bloomberg Business Flash and I'm Karen Moscow.

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Speaker 1: This updates Ronzi vay Oisener emperor An Entrepreneurs face challenges

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Speaker 1: like choosing a business structure or access to capital. They

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Speaker 1: call the accountants and advisors at osder Amper connect with

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Speaker 1: them osner Amper dot com. Slash Tech Sports Authority filing

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Speaker 1: for bankruptcy after failing to exploit the fitness boom that's

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Speaker 1: been a rare bright spot in retail. Future is lower

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Speaker 1: this morning with SNP even A Future is down five points.

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Speaker 1: Dow EVENI Future is down thirty eight. NASA Documuni futures

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Speaker 1: down six and a half. The acts in Germany's up

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Speaker 1: to tenths per cent ten Your treasury down four thirty seconds,

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Speaker 1: the yield one point eight three percent. Nimex screwed oil

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Speaker 1: down one point nine per cent, or sixty six cents

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Speaker 1: to thirty three seventy four a barrel. Comex called up

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Speaker 1: a tenth of upper cent or a dollar thirty to

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Speaker 1: twelve thirty two twenty announced the euro another oh eight

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Speaker 1: fifty four the end one fourteen point three seven. That's

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Speaker 1: a Bloomberg business flash. Tom and Mike Karen Is. Thank

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Speaker 1: you so much. About four days ago, I said to

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Speaker 1: my wonderful team, and particularly Rachel Worstban, I said, get

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Speaker 1: me e J, get me e J, Get me e J.

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Speaker 1: They thought I was talking about a hockey player up

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Speaker 1: in Minnesota. E J. Deone owns the Analysis of Politics

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Speaker 1: in Washington. His must read book for the Right and

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Speaker 1: the Left coming out. I love the title, Why Why

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Speaker 1: the Right Went Wrong? Conservatism from Goldwater to the Tea

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Speaker 1: Party and beyond with the Brookings Institution, University, fellow professor

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Speaker 1: rather at Georgetown, and of course with the Washington Post.

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Speaker 1: E J. Dione joins us on this super Wednesday. E J.

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Speaker 1: Wonderful to speak to you for the half hour. Um,

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Speaker 1: it's a long way from Portsmouth Abbey through your path

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Speaker 1: with your Vatican coverage to the religion American politics is

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Speaker 1: in now? What is our American political religion as we

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Speaker 1: pick up the dust from last night? Well, first of all,

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Speaker 1: thanks for that wonderful introduction. And I think the part

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Speaker 1: of my past that I might most think about are

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Speaker 1: the months I spent covering the Civil War in Beirut.

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Speaker 1: I mean it is going in Lebanon. I mean that

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Speaker 1: is the kind of thing that's happening, uh inside the

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Speaker 1: Republican Party. I love, by the way, to lead on

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Speaker 1: the New York Times story UH this morning by Jonathan

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Speaker 1: Martin and Michael Barbero, Democrats are falling in line, Republicans

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Speaker 1: are falling apart. It's really remarkable what's happening to the

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Speaker 1: Republican Party. And in a funny way, last night sent

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Speaker 1: to I think contradictory signals. On the one hand, Uh,

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Speaker 1: if you didn't take Trump seriously before last night, you

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Speaker 1: got to now with those victories in all but four

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Speaker 1: states last night. But there was another message that was striking,

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Speaker 1: which is he only broke fort in Alabama and Massachusetts.

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Speaker 1: He came close in Tennessee, UH, and Georgia. And so

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Speaker 1: what you're looking at is a Republican Party in which

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Speaker 1: Trump has a clear plurality but can't hit the majority anywhere.

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Speaker 1: And I think that spells real chaos going forward. Now,

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Speaker 1: none of the alternatives, not Cruise, not Rubyo, not Cask,

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Speaker 1: has been strong enough to force the other candidates out UM.

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Speaker 1: And so now you have talk in the Republican Party

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Speaker 1: that the only way to stop Trump. Um is almost

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Speaker 1: a favorite Son strategy that goes back, you know, almost

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Speaker 1: a hundred years in our politics, or at least maybe

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Speaker 1: eighty years in our politics, where you try to use

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Speaker 1: Rubio to brock him in Florida the way Cruz brock

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Speaker 1: him in Trum and Texas yesterday, uh, and Cask in

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Speaker 1: Ohio and just try to keep him under a majority.

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Speaker 1: But boy, that spells problems if Trump emerges with the

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Speaker 1: most delegates and is denied the nomination, which is the

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Speaker 1: strategy of the forces, Well, where does it leave the

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Speaker 1: Republican Party? In your book, you trace what you call

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Speaker 1: the decline of of the party. Where does it leave

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Speaker 1: them if he becomes the nominee? Do they put themselves

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Speaker 1: back together? Or is this uh, something we haven't seen

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Speaker 1: since the eighteen fifties. I think they split in three. Um,

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Speaker 1: there's the Trump part of the party and some parts,

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Speaker 1: some elected officials will go with Trump. And the hope

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Speaker 1: of people who are willing to support Trump in the

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Speaker 1: Republican Party is that his appeal to working class voters,

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Speaker 1: you know, with a strong economic angie trade nationalism, will

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Speaker 1: make them competitive in places like Pennsylvania, Ohio, and Michigan.

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Speaker 1: Then you're going to have a lot of more moderate

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Speaker 1: Republicans or moderate conservatives, particularly elected officials in suburbs, are

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Speaker 1: gonna say, we can't go with this. Then I'm gonna

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Speaker 1: form a third party, which you already have people like

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Speaker 1: Christine Todd Whitman in UH, New Jersey saying that they

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Speaker 1: could vote for Hillary Clinton against Trump. And then you're

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Speaker 1: gonna have staunch conservatives and neo CON's on foreign policy

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Speaker 1: in particular, who are going to say, no, we need

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Speaker 1: a real conservative party on the ballot um and and

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Speaker 1: so they could actually put into Trump's vote from the right.

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Speaker 1: I think that's the most likely outcome, you know. And

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Speaker 1: in my book, I argue the first sentence of my

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Speaker 1: book is the history of contemporary American Conservatism is the

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Speaker 1: story of disappointment in betrayal. Uh. And I think the

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Speaker 1: Trump vote comes from two sources. One is staunch conservatives

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Speaker 1: who say I'm tired of the Republicans making promise after

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Speaker 1: promise and not keeping it uh. And the other is

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Speaker 1: from working class Republicans who have been voting for this

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Speaker 1: party for decades. White working class Republicans that should be said,

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Speaker 1: who've been voting Republican for decades and don't have anything

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Speaker 1: to show for it. And once again yesterday Trump drove

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Speaker 1: a class wedge right through the party. Well, that's where

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Speaker 1: I wanted to go to, the class wedge. Where does

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Speaker 1: the establishment, which is the elite, where do they meet

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Speaker 1: to recalibrate and restructure. They're going to go to the

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Speaker 1: hay Adams Hotel or the Willard or you know, you know,

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Speaker 1: you know the venues. Is there a place where they

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Speaker 1: meet or is it all done by email? Now? You know,

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Speaker 1: it's funny. Of the book, I talked about meeting a

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Speaker 1: dinner in the Caucus room, which is a popular watering

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Speaker 1: hole in restaurant, the day that President Obama was inaugurated,

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Speaker 1: where the House leadership decided, you know, we're going to

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Speaker 1: go all in on opposition to Obama. And that was

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Speaker 1: his first day in offense. And it was a lot

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Speaker 1: easier to unite in opposition to Obama, the outside enemy.

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Speaker 1: If you will, the Democrat, then it will be to

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Speaker 1: pull this party together against Trump because you've already had

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Speaker 1: kind of defections or partial defections in the so well

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Speaker 1: establishment saying maybe we could do business with Trump UM,

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Speaker 1: and I think that you do have a Congression leadership

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Speaker 1: that's very afraid that Trump could in danger. Is certainly

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Speaker 1: their Senate majority and practiably even their House UH majority,

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Speaker 1: And so they're also signaling each other from the outside.

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Speaker 1: Mitch McConnell and UH Paul Ryan have sort of suggested

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Speaker 1: you're almost ready to join an anti Trump operation. Well interesting,

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Speaker 1: e J don with us with the Washington Post of

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Speaker 1: Brookings Institution coming up. I'm really looking forward to this

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Speaker 1: in support of FM in Washington. E J. Done on

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Speaker 1: his Washington he's the author of the new book Why

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Speaker 1: the Right Went Wrong. Michael McKee and Tom keenan Washington

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