1 00:00:00,360 --> 00:00:03,040 Speaker 1: Why from our nation's camera this budget thing is going 2 00:00:03,120 --> 00:00:05,560 Speaker 1: to do nothing space forts. I still think it's interesting 3 00:00:05,559 --> 00:00:08,920 Speaker 1: President Trump not playing his cards yet. Headlines Policy and 4 00:00:09,039 --> 00:00:15,000 Speaker 1: politics colliding Floomberg Sound On, the insiders, the influencers, the insides. 5 00:00:15,080 --> 00:00:17,360 Speaker 1: I would rather see a congressional solution. It's part of 6 00:00:17,360 --> 00:00:20,520 Speaker 1: my DNA. The Senate map in looks a lot different 7 00:00:20,520 --> 00:00:23,320 Speaker 1: than it looked in. You really have a divide within 8 00:00:23,560 --> 00:00:26,119 Speaker 1: Team Trump. The President has to do exactly what people 9 00:00:26,120 --> 00:00:27,880 Speaker 1: sent him here to do, which is to get it done. 10 00:00:28,240 --> 00:00:32,800 Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg 11 00:00:33,680 --> 00:00:35,920 Speaker 1: one and one oh five point seven f m h 12 00:00:36,040 --> 00:00:39,720 Speaker 1: D two. President Trump seeks new Iron sanctions as Secretary 13 00:00:39,720 --> 00:00:45,360 Speaker 1: of State Mike Pompeo consults Saudi Arabia. Meanwhile, President Trump 14 00:00:45,400 --> 00:00:49,919 Speaker 1: has also named his new national security adviser. He has 15 00:00:49,960 --> 00:00:54,360 Speaker 1: appointed Robert O'Brien as his White House National Security Advisor, 16 00:00:54,440 --> 00:00:58,800 Speaker 1: elevating the State Department's top hostage envoy from relative obscurity 17 00:00:59,160 --> 00:01:02,280 Speaker 1: to one of the most important jobs in the US government. 18 00:01:02,360 --> 00:01:06,480 Speaker 1: Plus more reaction from Corey Lewandowski's testimony on the House 19 00:01:06,560 --> 00:01:09,319 Speaker 1: Judiciary Committee. What does it mean for Democrats and their 20 00:01:09,360 --> 00:01:13,760 Speaker 1: impeachment probe. Kristin Han, democratic strategist, senior advisor at Rock 21 00:01:13,880 --> 00:01:17,600 Speaker 1: Solution and former Blue Dog Coalition Coms director will help 22 00:01:17,640 --> 00:01:21,319 Speaker 1: answer that question, as will Brendan Buck, former spokesman and 23 00:01:21,400 --> 00:01:24,080 Speaker 1: advisor to former House Speaker Paul Ryan. He is now 24 00:01:24,120 --> 00:01:27,600 Speaker 1: a partner at seven Letter with me here in studio 25 00:01:27,680 --> 00:01:31,319 Speaker 1: Christen Han, democratic strategist, senior advisor at Rock Solution and 26 00:01:31,360 --> 00:01:34,839 Speaker 1: the former Blue Dog Coalition Coms director. As is Brendan Buck, 27 00:01:34,959 --> 00:01:38,240 Speaker 1: former spokesman and advisor to House Speaker Paul Ryan. Now 28 00:01:38,280 --> 00:01:41,440 Speaker 1: he's a partner at seven Letter. Busy day on the 29 00:01:41,520 --> 00:01:44,319 Speaker 1: lead story that we've been following all week with regards 30 00:01:44,400 --> 00:01:49,760 Speaker 1: to President Trump's national security policy in terms of number one, 31 00:01:49,800 --> 00:01:53,560 Speaker 1: who's named a new national security advisor, but also with Ivrod, 32 00:01:53,600 --> 00:01:56,400 Speaker 1: and I'll read from my colleagues reporting on the Bloomberg terminal, 33 00:01:56,480 --> 00:01:58,920 Speaker 1: Nick Wadhams, Glen Carey, and Josh wing Grove. They say 34 00:01:59,120 --> 00:02:02,080 Speaker 1: President Donald Rump said he wants tougher U S sanctions 35 00:02:02,080 --> 00:02:05,520 Speaker 1: on Iran as his top diplomat arrived in Saudi Arabia 36 00:02:05,640 --> 00:02:08,400 Speaker 1: to consult with leaders and build a case against Tehran 37 00:02:08,800 --> 00:02:13,240 Speaker 1: following weekend attacks on the Kingdom's key oil facility, so 38 00:02:13,400 --> 00:02:17,040 Speaker 1: here domestically Brendan. The reaction from Republicans has been mixed, 39 00:02:17,280 --> 00:02:19,120 Speaker 1: and I want to play for you now with Senator 40 00:02:19,160 --> 00:02:21,720 Speaker 1: Lindsey Graham, who is an ally to President Trump, the 41 00:02:21,760 --> 00:02:26,400 Speaker 1: Republican from South Carolina, what he said with reacting to 42 00:02:26,960 --> 00:02:30,360 Speaker 1: the President's wanting new additional sanctions against Iran. Take a 43 00:02:30,360 --> 00:02:33,119 Speaker 1: listen to Lindsay Graham. In the past, they haven't been 44 00:02:33,560 --> 00:02:36,960 Speaker 1: time will tell, but I am looking for a response 45 00:02:37,040 --> 00:02:40,280 Speaker 1: that would be unequivocal. If they don't pay a price 46 00:02:40,400 --> 00:02:43,720 Speaker 1: for bombing a neighbor's oil fields, then all hell is 47 00:02:43,760 --> 00:02:47,000 Speaker 1: gonna break out in the Mid East. So they're Senator 48 00:02:47,040 --> 00:02:51,640 Speaker 1: Lindsey Graham saying essentially that, look, we've tried sanctions on Tehran. 49 00:02:51,720 --> 00:02:55,320 Speaker 1: They haven't worked. There's been a maximum economic pressure campaign 50 00:02:55,400 --> 00:03:00,480 Speaker 1: against Iran, against President Ruani, and that might might be 51 00:03:00,639 --> 00:03:04,280 Speaker 1: time for some more force. President Trump was asked about 52 00:03:04,320 --> 00:03:07,560 Speaker 1: that earlier today. To respond to Senator Graham, here's the 53 00:03:07,560 --> 00:03:10,320 Speaker 1: President of the United States. I think it's a great 54 00:03:10,360 --> 00:03:13,480 Speaker 1: sign of strength. It's very easy to attack. But if 55 00:03:13,520 --> 00:03:15,839 Speaker 1: you asked, Lindsay asked him, how did going into the 56 00:03:15,880 --> 00:03:19,560 Speaker 1: Middle East handed that workout and hadded going into a 57 00:03:19,680 --> 00:03:24,320 Speaker 1: rack workout, so we have a disagreement on that. It 58 00:03:24,320 --> 00:03:27,880 Speaker 1: would appear that President Trump is trying to signal restrength 59 00:03:28,440 --> 00:03:33,320 Speaker 1: in terms of military action against Tehran. Can he continue that? 60 00:03:33,880 --> 00:03:37,280 Speaker 1: And is that too shortsighted? Yeah? I mean this is 61 00:03:37,280 --> 00:03:39,400 Speaker 1: actually I think playing to type a little bit. You know, 62 00:03:39,440 --> 00:03:42,200 Speaker 1: as much as the President talks a big game and 63 00:03:42,240 --> 00:03:46,160 Speaker 1: talks very tough, he is ultimately an isolationist. And I 64 00:03:46,200 --> 00:03:49,400 Speaker 1: think what you're seeing is Lindsey Graham realizing that he 65 00:03:49,520 --> 00:03:52,040 Speaker 1: lost a pretty strong ally in the White House. Lindsey 66 00:03:52,080 --> 00:03:55,000 Speaker 1: Graham is one of the most hawkish members of the Senate. 67 00:03:55,320 --> 00:03:59,560 Speaker 1: His response usually, no matter what the dynamics are, is 68 00:03:59,640 --> 00:04:03,120 Speaker 1: to escalate. Uh. And I think he had a partner 69 00:04:03,400 --> 00:04:05,160 Speaker 1: in that type of mindset with John Bolton in the 70 00:04:05,160 --> 00:04:08,640 Speaker 1: White House. Uh. Now he's out, and I think Lindsay 71 00:04:08,680 --> 00:04:11,480 Speaker 1: Graham is probably feeling the need to fill that void 72 00:04:11,680 --> 00:04:15,600 Speaker 1: and uh and take what is typically the tone that 73 00:04:15,600 --> 00:04:18,080 Speaker 1: he that he usually takes. UM. You know, as much 74 00:04:18,080 --> 00:04:20,760 Speaker 1: as the President is an ally of Lindsay Graham, though 75 00:04:20,839 --> 00:04:22,279 Speaker 1: I don't know that he's going to be able to 76 00:04:22,320 --> 00:04:26,400 Speaker 1: persuade Donald Trump that UM, that escalating is the approach, 77 00:04:26,440 --> 00:04:29,880 Speaker 1: because time and time again, no matter how tough he talks, 78 00:04:30,160 --> 00:04:32,760 Speaker 1: Donald Trump tends to back away from actually taking any 79 00:04:32,760 --> 00:04:35,600 Speaker 1: strong act. Running Buck former advisor to House Speaker Paul 80 00:04:35,720 --> 00:04:37,919 Speaker 1: Ryan's here. He's now a partner at Seven Letter. You 81 00:04:38,000 --> 00:04:41,760 Speaker 1: mentioned John Bolton. John Bolton's political orbit got a boost today. 82 00:04:42,240 --> 00:04:47,040 Speaker 1: Robert C. O'Brien, currently serving as the Special Presidential Envoy 83 00:04:47,120 --> 00:04:49,920 Speaker 1: for Hostage Affairs at the State Department, has now been 84 00:04:50,000 --> 00:04:53,120 Speaker 1: named the new National Security Advisor. Will break that down 85 00:04:53,440 --> 00:04:57,440 Speaker 1: coming up on the program. Kristen Haunt is here. She 86 00:04:57,640 --> 00:05:00,840 Speaker 1: is former compstructor for the Blue Dog abolition in the House. 87 00:05:01,120 --> 00:05:05,159 Speaker 1: She's a Democratic strategist and a senior advisor at Rock Solutions. Kristen, So, 88 00:05:05,640 --> 00:05:08,760 Speaker 1: there seems to be some debate in terms of the 89 00:05:08,839 --> 00:05:12,159 Speaker 1: restraint the President Trump may or may not be trying 90 00:05:12,160 --> 00:05:15,320 Speaker 1: to do that. He's been on a roller coaster of 91 00:05:15,680 --> 00:05:18,680 Speaker 1: commentary with regards to Iran in the past three or 92 00:05:18,680 --> 00:05:21,599 Speaker 1: four days, from tweeting out that we're locked and loaded 93 00:05:21,960 --> 00:05:26,040 Speaker 1: direct words on whoever perpetrated it looks like Iran, the 94 00:05:26,080 --> 00:05:31,520 Speaker 1: Saudi oil field attack, and now odds with this golfing buddy. 95 00:05:32,279 --> 00:05:37,080 Speaker 1: Senator Lindsey Graham. So there's, again, I guess some type 96 00:05:37,120 --> 00:05:40,640 Speaker 1: of reversal. Let's be clear, there's a reversal all the time. 97 00:05:40,640 --> 00:05:42,159 Speaker 1: I mean, I feel like I'm on a roller coaster 98 00:05:42,240 --> 00:05:46,719 Speaker 1: ride every single day. And also with Lindsay Graham and 99 00:05:46,720 --> 00:05:49,200 Speaker 1: I and I, you know, I agree with Brennan um on. 100 00:05:49,360 --> 00:05:51,200 Speaker 1: You know, he's very hawkish so this, you know, but 101 00:05:51,279 --> 00:05:53,560 Speaker 1: he's he's back and forth on whether he agrees on Trump, 102 00:05:53,600 --> 00:05:55,320 Speaker 1: you know, but I think the president is looking forward 103 00:05:55,360 --> 00:06:00,359 Speaker 1: to and he's making the political calculation, um you know, 104 00:06:00,440 --> 00:06:02,280 Speaker 1: right or wrong. I'm making judgments about that, making a 105 00:06:02,320 --> 00:06:05,840 Speaker 1: political calculation that he's promised the you know, his base 106 00:06:05,880 --> 00:06:07,960 Speaker 1: in the American people who are tired of being a 107 00:06:08,000 --> 00:06:09,760 Speaker 1: reckon off jamist. But it also if he won't go 108 00:06:09,839 --> 00:06:11,840 Speaker 1: in and do that anywhere else, it also provides him 109 00:06:11,839 --> 00:06:14,320 Speaker 1: the opportunity to say, hey, wait a minute. I disagreed 110 00:06:14,320 --> 00:06:17,320 Speaker 1: with Senator Lindsey Graham at one point. I was trying 111 00:06:17,360 --> 00:06:19,920 Speaker 1: to use restraint in terms of military so that if 112 00:06:20,000 --> 00:06:22,640 Speaker 1: Iran was to do anything, he can say this is 113 00:06:22,680 --> 00:06:25,840 Speaker 1: not something that I specifically wanted to do and jump 114 00:06:25,920 --> 00:06:28,520 Speaker 1: the gun quite literally, I just don't know what I 115 00:06:28,520 --> 00:06:30,680 Speaker 1: don't know. Is there any rhyme or reason to his 116 00:06:30,720 --> 00:06:32,520 Speaker 1: foreign policy. I'm not sure there is. I mean, look 117 00:06:32,560 --> 00:06:35,880 Speaker 1: at the fire and fury with North Korea. You know, 118 00:06:35,960 --> 00:06:39,159 Speaker 1: all the talk about Maduro in Venezuela. He beats his 119 00:06:39,279 --> 00:06:41,640 Speaker 1: chest and then ultimately I mean, I'm not saying that 120 00:06:41,680 --> 00:06:44,560 Speaker 1: we should move forward, you know, with lunching missiles into 121 00:06:44,560 --> 00:06:46,000 Speaker 1: iron or anything. But I'm just saying this is a 122 00:06:46,040 --> 00:06:48,920 Speaker 1: typical pattern in which he talks a big game. Um. 123 00:06:48,960 --> 00:06:51,320 Speaker 1: The problem is, at this point you need some allies 124 00:06:51,520 --> 00:06:53,960 Speaker 1: and so many on so many of these issues, particularly 125 00:06:54,000 --> 00:06:56,680 Speaker 1: with Iran. He's sort of walked away from our coalition 126 00:06:56,720 --> 00:06:58,880 Speaker 1: on these things, and I actually think we should continue 127 00:06:59,240 --> 00:07:02,640 Speaker 1: to put russure on them through through sanctions. The problem is, uh, 128 00:07:02,680 --> 00:07:05,479 Speaker 1: we haven't brought around our allies on that position, and 129 00:07:05,520 --> 00:07:07,120 Speaker 1: so we're a little bit iceolated, and I think we're 130 00:07:07,160 --> 00:07:09,400 Speaker 1: probably scrambling a little bit to try to to drop 131 00:07:09,480 --> 00:07:11,040 Speaker 1: up some support. It's gonna come to a head. And 132 00:07:11,120 --> 00:07:15,280 Speaker 1: on the UN generally is some General Assembly meeting Hunga 133 00:07:15,640 --> 00:07:18,560 Speaker 1: next week at UH And you know, I always go 134 00:07:18,600 --> 00:07:20,960 Speaker 1: back to my This is such a weird tangent, but 135 00:07:21,000 --> 00:07:23,600 Speaker 1: I always go back to my my middle school geography 136 00:07:23,640 --> 00:07:25,760 Speaker 1: days where technically where the u N is is not 137 00:07:25,880 --> 00:07:28,040 Speaker 1: in New York City, but for all intents and purposes, 138 00:07:28,280 --> 00:07:30,160 Speaker 1: it is in New York City. It's like that Vatican 139 00:07:30,280 --> 00:07:33,760 Speaker 1: City type of argument. But I'm gonna say, don't correct 140 00:07:33,800 --> 00:07:35,840 Speaker 1: me that it's in New York. But in New York 141 00:07:35,840 --> 00:07:37,760 Speaker 1: all the global heads are going to be there. Uh, 142 00:07:37,800 --> 00:07:40,680 Speaker 1: the Democrats, The Democrats are all I mean, respectfully, there's 143 00:07:41,320 --> 00:07:46,160 Speaker 1: uh diverse ideological thinking on the issue of iron. Right now. 144 00:07:47,280 --> 00:07:49,520 Speaker 1: I want to play for you with Senator Chris Kuns said, 145 00:07:49,720 --> 00:07:52,360 Speaker 1: and we're hoping to get him on the show next week. Uh, 146 00:07:52,360 --> 00:07:55,360 Speaker 1: Senator Chris Coons, the Democrat from Delaware. Take a listen 147 00:07:55,400 --> 00:07:59,360 Speaker 1: to Senator Chris Coon's on on where things stand with 148 00:07:59,520 --> 00:08:03,400 Speaker 1: regards were run. I do think some multilateral action is 149 00:08:03,440 --> 00:08:06,800 Speaker 1: called for. UM. I do think if the President considers 150 00:08:06,800 --> 00:08:11,480 Speaker 1: any action beyond sanctions that requires a congressional engagement. Here 151 00:08:11,480 --> 00:08:13,360 Speaker 1: we are, here we go again with this moderate of 152 00:08:13,400 --> 00:08:16,000 Speaker 1: the Brendan buck shaking his head with this modern debate 153 00:08:16,440 --> 00:08:20,320 Speaker 1: about whether or not UH drone usage or whatnot would 154 00:08:20,360 --> 00:08:24,440 Speaker 1: require military I'm sorry, we'll require congressional approval. Brendan, you 155 00:08:24,440 --> 00:08:27,120 Speaker 1: were shaking your head. Well, we we've had this conversation. Uh, 156 00:08:27,560 --> 00:08:30,280 Speaker 1: it feels like a dozen times about congressional approval, and 157 00:08:30,320 --> 00:08:32,480 Speaker 1: every member of Congress says that there should be a 158 00:08:32,559 --> 00:08:35,240 Speaker 1: vote on these types of things. Members of Congress typically 159 00:08:35,280 --> 00:08:38,320 Speaker 1: are not willing to actually take those votes. They you know, 160 00:08:38,559 --> 00:08:41,840 Speaker 1: we we've got we did this with um, the President Obama. 161 00:08:42,120 --> 00:08:44,960 Speaker 1: You know, I was working for John Bayner at the time, UM, 162 00:08:45,040 --> 00:08:48,520 Speaker 1: and he was he announced that he wanted to strike Syria. Uh. 163 00:08:48,640 --> 00:08:50,880 Speaker 1: The Speaker backed him on this, and we said, he 164 00:08:50,920 --> 00:08:53,080 Speaker 1: said he wanted to get a vote of approval, and 165 00:08:53,280 --> 00:08:55,560 Speaker 1: ultimately we were not able to get members to be 166 00:08:55,600 --> 00:08:58,520 Speaker 1: willing to take that vote one way or another because 167 00:08:58,520 --> 00:09:00,720 Speaker 1: they just don't want to have to take responsibility for 168 00:09:00,760 --> 00:09:03,720 Speaker 1: what happened. Imagine the same system situation is gonna happen here, right. 169 00:09:03,760 --> 00:09:06,280 Speaker 1: I think that that that's exactly right, um, and particularly 170 00:09:06,280 --> 00:09:10,240 Speaker 1: headed into to an election year, UM, you know, particually 171 00:09:10,280 --> 00:09:11,920 Speaker 1: in the House, when you've got so many seats up 172 00:09:11,920 --> 00:09:14,600 Speaker 1: for grabs. I just I just don't see, you know, 173 00:09:15,120 --> 00:09:17,520 Speaker 1: and we are I think we're more and more isolationist 174 00:09:17,559 --> 00:09:20,040 Speaker 1: country along sort of the along lines of I don't 175 00:09:20,120 --> 00:09:21,880 Speaker 1: say a line with Donald Trump on this, But you know, 176 00:09:21,920 --> 00:09:25,040 Speaker 1: I think we're a little worn out from from starting worst, 177 00:09:25,040 --> 00:09:27,000 Speaker 1: particularly in the Middle East, So I don't think anybody's 178 00:09:27,040 --> 00:09:30,400 Speaker 1: gonna be super excited about voting to authorize that. It's 179 00:09:30,440 --> 00:09:36,880 Speaker 1: gonna be the backtrap for whomever is president after the election, 180 00:09:36,920 --> 00:09:40,920 Speaker 1: whether the Trump administration or a new incoming administration. Venezuela 181 00:09:40,960 --> 00:09:43,400 Speaker 1: and the Middle East are not going away coming up. 182 00:09:43,400 --> 00:09:47,400 Speaker 1: Penal reacts to the National Security Advisor Robert C. O'Brien, 183 00:09:47,520 --> 00:09:50,800 Speaker 1: the new National Security Advisor. What does it mean for Bolton? 184 00:09:51,000 --> 00:09:55,200 Speaker 1: John Bolton's political orbit, plus will there be some issue 185 00:09:55,320 --> 00:09:59,560 Speaker 1: done with regards to gun control? And Corey Lewandowski. Brendon 186 00:09:59,600 --> 00:10:05,680 Speaker 1: buck is anxious to talk about Corey Lewandowski returning together. Sorry, 187 00:10:05,720 --> 00:10:08,800 Speaker 1: I can't sometimes I can't help myself. Prended uh eager 188 00:10:08,840 --> 00:10:11,800 Speaker 1: to talk about Corey Luandowski returning to Capitol Hill for 189 00:10:11,960 --> 00:10:15,600 Speaker 1: the investigation. Senator Luandowski will find out panel stays. Download 190 00:10:15,600 --> 00:10:18,160 Speaker 1: the Bloomberg Sound On podcast on Apple, it Tunes and 191 00:10:18,160 --> 00:10:21,080 Speaker 1: Bloomberg dot com, or by downloading Bloomberg Business App. You 192 00:10:21,120 --> 00:10:23,800 Speaker 1: can also find us on Radio dot com, I Heart Radio, 193 00:10:23,880 --> 00:10:29,440 Speaker 1: and Spotify. I'm Kevin Cirelli. You're listening to Bloomberg. You're 194 00:10:29,480 --> 00:10:33,400 Speaker 1: listening to Bloomberg. Sound On with Kevin Currel on Bloomberg 195 00:10:34,440 --> 00:10:37,160 Speaker 1: and one oh five point seven F M h D two. 196 00:10:38,040 --> 00:10:41,280 Speaker 1: Have you humped a folks um? Kevin Cirelli, Chief Washington 197 00:10:41,280 --> 00:10:45,200 Speaker 1: correspondent f for Bloomberg Television and Bloomberg Radio. We're talking 198 00:10:45,400 --> 00:10:49,679 Speaker 1: tariffs again here on this beautiful Wednesday inside of the Beltway. 199 00:10:49,760 --> 00:10:52,240 Speaker 1: Really pristine weather. I mean, you gotta be grateful. We 200 00:10:52,320 --> 00:10:55,400 Speaker 1: gotta have gratitude for that weather, perfect running weather. With 201 00:10:55,559 --> 00:10:59,920 Speaker 1: me here in studio. Kristen halln democratic strategist, senior advisor 202 00:11:00,040 --> 00:11:05,080 Speaker 1: at Rock Solutions, former Blue Dog Coalition communications director, and 203 00:11:05,200 --> 00:11:09,240 Speaker 1: Brendan Buck, former spokesman and advisor to House Speaker Paul Ryan. 204 00:11:09,400 --> 00:11:13,199 Speaker 1: Now he's a partner at seven Letter uh and we're 205 00:11:13,200 --> 00:11:15,680 Speaker 1: thrilled to have both of them here. We're gonna talk tariffs. 206 00:11:15,880 --> 00:11:18,640 Speaker 1: Did you guys see this? President Trump is talking once 207 00:11:18,640 --> 00:11:22,440 Speaker 1: again about the Federal Reserve. This as the Fed today, 208 00:11:22,520 --> 00:11:26,320 Speaker 1: as expected, was expected, no surprise, cut interest rates for 209 00:11:26,360 --> 00:11:30,480 Speaker 1: the second time since July. But not enough, not enough 210 00:11:31,040 --> 00:11:34,320 Speaker 1: for President Trump. I always find this interesting because there's 211 00:11:34,360 --> 00:11:38,320 Speaker 1: this debate in the international community about whether or not 212 00:11:38,400 --> 00:11:41,880 Speaker 1: the US Central Bank is as agile as other nations 213 00:11:41,920 --> 00:11:45,920 Speaker 1: central banks, which the President feels that the FED is 214 00:11:45,920 --> 00:11:49,960 Speaker 1: not UH and that other countries are able to react 215 00:11:50,400 --> 00:11:54,120 Speaker 1: much more quickly and nimbly and efficiently u to geo 216 00:11:54,120 --> 00:11:57,679 Speaker 1: political headwinds UH than than the than the US is so, 217 00:11:57,800 --> 00:12:01,440 Speaker 1: President Trump says, quote Jake tweeted it. J Powell and 218 00:12:01,440 --> 00:12:05,560 Speaker 1: the Federal Reserve fail again. No guts, no sense, no vision. 219 00:12:06,040 --> 00:12:11,720 Speaker 1: A terrible communicator. That was President Trump's blistering critique a 220 00:12:11,760 --> 00:12:14,320 Speaker 1: FED Chair J. Powell. I want to play for you 221 00:12:15,080 --> 00:12:18,520 Speaker 1: what FED Chair Powell said today at the during his 222 00:12:18,600 --> 00:12:21,440 Speaker 1: remarks earlier today when he was asked about tariffs and 223 00:12:21,440 --> 00:12:25,160 Speaker 1: whether or not it's providing volatility and uncertainty in the markets. 224 00:12:25,160 --> 00:12:28,280 Speaker 1: Here's FED Chair J. Powe will take a lisson. Since 225 00:12:28,320 --> 00:12:31,600 Speaker 1: our last meeting, we've seen additional signs of weakness abroad 226 00:12:31,679 --> 00:12:34,760 Speaker 1: and a resurgence of trade policy tensions, including the imposition 227 00:12:34,760 --> 00:12:37,640 Speaker 1: of additional tariffs. I always find I always find it 228 00:12:37,679 --> 00:12:41,920 Speaker 1: interesting how the chairs of the FED speak in virtually 229 00:12:42,320 --> 00:12:45,480 Speaker 1: a very different language than then we don't we talk. 230 00:12:45,840 --> 00:12:50,080 Speaker 1: But here's more about FED share Powell talking about the 231 00:12:50,120 --> 00:12:53,040 Speaker 1: outlook in Europe and Asia. Here is, since the middle 232 00:12:53,040 --> 00:12:56,480 Speaker 1: of last year, global growth the global growth outlook has weakened, 233 00:12:56,800 --> 00:13:01,640 Speaker 1: notably in Europe and China. Additionally, a number of geopolitical risks, 234 00:13:01,679 --> 00:13:05,640 Speaker 1: including Brexit, remain unresolved. Oh, it's a volatile time, random 235 00:13:05,720 --> 00:13:07,959 Speaker 1: back in the markets. And the FETE chair doesn't like 236 00:13:08,040 --> 00:13:10,440 Speaker 1: tariffs anymore than he likes Brexit. Yeah, I mean the 237 00:13:10,440 --> 00:13:15,760 Speaker 1: President complains, um, you know about need for lower lower rates. 238 00:13:16,440 --> 00:13:19,040 Speaker 1: I mean what goes on said is his actions are 239 00:13:19,080 --> 00:13:21,040 Speaker 1: what are causing them to need to lower the rates. 240 00:13:21,200 --> 00:13:23,200 Speaker 1: You know, the trade war that is going on has 241 00:13:23,280 --> 00:13:27,000 Speaker 1: a real impact. Um. You know, that's what Powell said today. 242 00:13:27,080 --> 00:13:29,440 Speaker 1: And there's only so much you can do to damage 243 00:13:29,559 --> 00:13:33,200 Speaker 1: China before it starts hurting other places, including US. Um. 244 00:13:33,240 --> 00:13:35,800 Speaker 1: You know, the President likes to gloat about the fact 245 00:13:35,800 --> 00:13:38,360 Speaker 1: that you know, China is is maybe feeling some pain 246 00:13:38,480 --> 00:13:41,560 Speaker 1: from from this trade war. Um. I guess that, you know, 247 00:13:41,720 --> 00:13:45,240 Speaker 1: helps his case a little bit. But ultimately, China's economy 248 00:13:45,559 --> 00:13:47,880 Speaker 1: is highly connected to the whole world economy, and if 249 00:13:47,880 --> 00:13:49,840 Speaker 1: you start hurting China a lot, you're gonna hurt other places, 250 00:13:49,880 --> 00:13:51,959 Speaker 1: and you're gonna start hurting US you know, I think 251 00:13:51,960 --> 00:13:55,360 Speaker 1: by any reasonable standard, rates are already pretty low. Um. 252 00:13:55,440 --> 00:13:58,000 Speaker 1: Just add this to the list of really sort of 253 00:13:58,600 --> 00:14:01,199 Speaker 1: out of the bounds types of commentary from the president. 254 00:14:01,400 --> 00:14:04,200 Speaker 1: Um that you know, breaks all norms. Um. But I 255 00:14:04,240 --> 00:14:07,160 Speaker 1: just think it's remarkable that he complains about wanting lower 256 00:14:07,240 --> 00:14:11,000 Speaker 1: rates when he is the one putting the economy at risk. Yeah, 257 00:14:11,040 --> 00:14:13,440 Speaker 1: I mean I would agree. And and another thing to note, 258 00:14:13,480 --> 00:14:16,320 Speaker 1: just adding to what Brennan said, the you know, President 259 00:14:16,360 --> 00:14:19,440 Speaker 1: g I mean does not have the political to deal 260 00:14:19,440 --> 00:14:22,320 Speaker 1: with the political pressures that the United States president does, 261 00:14:22,360 --> 00:14:25,840 Speaker 1: and that includes President Trump. So you know, I mean 262 00:14:25,920 --> 00:14:28,120 Speaker 1: this game of chicken that we're playing is ultimately going 263 00:14:28,160 --> 00:14:30,040 Speaker 1: to come back and harm the U. S economy. And 264 00:14:30,080 --> 00:14:32,360 Speaker 1: of course the backdrop is the election, right, Like he's 265 00:14:32,360 --> 00:14:36,320 Speaker 1: worried about the economy being you know, the strongest card 266 00:14:36,360 --> 00:14:39,720 Speaker 1: he has to play. Um, you know, beyond just his base. 267 00:14:39,840 --> 00:14:43,240 Speaker 1: You know, if if the economy takes a turn later 268 00:14:43,280 --> 00:14:45,440 Speaker 1: this year early next year, he knows he is toast. 269 00:14:45,760 --> 00:14:47,640 Speaker 1: And I think a lot of this what what's driving 270 00:14:47,840 --> 00:14:49,800 Speaker 1: is he wants to have some type of sugar high 271 00:14:50,120 --> 00:14:52,000 Speaker 1: from the Fed for the next year so that he 272 00:14:52,040 --> 00:14:54,560 Speaker 1: can continue to make the argument about the economy, which 273 00:14:54,600 --> 00:14:57,280 Speaker 1: I think otherwise could be really strong were it not 274 00:14:57,680 --> 00:15:02,240 Speaker 1: for this ridiculous trade policy. And so the fed share J. 275 00:15:02,360 --> 00:15:05,680 Speaker 1: Powell today saying quote, we don't see a recession, we 276 00:15:05,800 --> 00:15:08,880 Speaker 1: don't forecast a recession end quote. And I'll just I 277 00:15:08,920 --> 00:15:12,040 Speaker 1: think that bears repeating. Quote we don't see a recession, 278 00:15:12,080 --> 00:15:15,640 Speaker 1: we don't forecast a recession end quote. That's from fed 279 00:15:15,680 --> 00:15:18,120 Speaker 1: Share J. Powell, that said the debate on Wall Street, 280 00:15:18,160 --> 00:15:20,040 Speaker 1: Main Street, and heck, you don't even have to have 281 00:15:20,080 --> 00:15:23,200 Speaker 1: an economist degree, just you know, go sit around the 282 00:15:23,200 --> 00:15:26,840 Speaker 1: dinner table anywhere is will there be a slowdown or 283 00:15:27,000 --> 00:15:29,560 Speaker 1: verse a recession in the next fifteen to eighteen months. 284 00:15:29,560 --> 00:15:31,240 Speaker 1: It's the talk of the town, I mean all around 285 00:15:31,280 --> 00:15:33,600 Speaker 1: the country about whether or not that's going to happen, 286 00:15:33,640 --> 00:15:36,440 Speaker 1: and and and why it's going to happen, whether it's 287 00:15:36,440 --> 00:15:40,440 Speaker 1: specifically just the president's trade policies, or whether it's more 288 00:15:40,520 --> 00:15:43,840 Speaker 1: complex than that. It inter inter related with regards to 289 00:15:44,320 --> 00:15:47,160 Speaker 1: the situation in Germany with autos, and then you get 290 00:15:47,200 --> 00:15:51,040 Speaker 1: into the resurgent right in the and with the Italians 291 00:15:51,040 --> 00:15:54,240 Speaker 1: they're a mess. Brexit. I mean, so there's all this volatility. 292 00:15:54,400 --> 00:15:57,720 Speaker 1: Christian that's going on, and you know, at the end 293 00:15:57,720 --> 00:15:59,600 Speaker 1: of the day, I mean, you get I was reading 294 00:15:59,600 --> 00:16:05,720 Speaker 1: on Mark a Watch today by uh seven Heinrich. His 295 00:16:05,800 --> 00:16:09,360 Speaker 1: piece titled stock markets eerie parallels to September two, thou 296 00:16:09,600 --> 00:16:13,840 Speaker 1: seven should raise recession fears. So it's recession chatters there. 297 00:16:14,200 --> 00:16:16,680 Speaker 1: But the Fed isn't saying it, and obviously, you know, 298 00:16:16,720 --> 00:16:18,720 Speaker 1: why would they. Yeah, I mean I think that the 299 00:16:18,720 --> 00:16:20,760 Speaker 1: Fed too, well the president if you would, if you 300 00:16:20,760 --> 00:16:25,800 Speaker 1: would believe Donald Trump, the media would be responsible for recession. 301 00:16:25,840 --> 00:16:28,240 Speaker 1: Now you know, we always say it is. I mean, 302 00:16:28,400 --> 00:16:30,280 Speaker 1: never mind, I'm not I don't want to be smugged, 303 00:16:30,880 --> 00:16:34,400 Speaker 1: but it's a criticism, I guid but it's it's as 304 00:16:36,200 --> 00:16:39,960 Speaker 1: but some people are common but they haven't. They are 305 00:16:40,080 --> 00:16:43,080 Speaker 1: talking about recession, but they don't necessarily do, but they 306 00:16:43,200 --> 00:16:46,640 Speaker 1: cover finance. And I think that's also you know, that's 307 00:16:46,640 --> 00:16:50,960 Speaker 1: true than true. You know, a slowdown is not the 308 00:16:50,960 --> 00:16:52,720 Speaker 1: same thing as a recession. And not that that's not 309 00:16:52,760 --> 00:16:54,720 Speaker 1: scary for people all across the country, but I think 310 00:16:54,760 --> 00:16:57,360 Speaker 1: people are kind of complaining those two. You you look 311 00:16:57,400 --> 00:17:00,840 Speaker 1: at farmers, and Congress keeps having to It was clear 312 00:17:00,880 --> 00:17:04,119 Speaker 1: that the tax cut um bill that that was passed 313 00:17:04,160 --> 00:17:10,679 Speaker 1: through the over here. But I wish this is why 314 00:17:10,720 --> 00:17:16,040 Speaker 1: I wish this is This is why I wish this 315 00:17:16,160 --> 00:17:19,800 Speaker 1: was on television, because Brendan Buck was staring out the 316 00:17:19,800 --> 00:17:22,320 Speaker 1: window and then the trash talking from the dens on 317 00:17:22,400 --> 00:17:27,720 Speaker 1: the taxi of not doing much of to help that. 318 00:17:27,760 --> 00:17:32,600 Speaker 1: I also think there Actually I correct myself. I stand corrected. 319 00:17:32,640 --> 00:17:35,800 Speaker 1: It was side eyed, not shaped. I didn't defend yourself ahead. No, 320 00:17:35,880 --> 00:17:38,040 Speaker 1: I didn't know where you're doing with that. I didn't 321 00:17:38,040 --> 00:17:43,359 Speaker 1: even know. I think people have been talking about the 322 00:17:43,359 --> 00:17:45,040 Speaker 1: idea that there's going to be a recession for like 323 00:17:45,119 --> 00:17:48,159 Speaker 1: two years now. Eventually they will be right. Eventually there 324 00:17:48,200 --> 00:17:50,800 Speaker 1: will be a recession. But every every month, you know, 325 00:17:50,840 --> 00:17:53,119 Speaker 1: we get these these economic reports and they continue to 326 00:17:53,160 --> 00:17:56,399 Speaker 1: pump out good job numbers, decent wage numbers. You know, 327 00:17:56,440 --> 00:17:58,960 Speaker 1: there's no reason to expect the economy is going to crash. 328 00:17:59,160 --> 00:18:01,719 Speaker 1: That said, things would be better. That said, there are 329 00:18:01,800 --> 00:18:03,679 Speaker 1: things that we that we're doing that are destructive to 330 00:18:03,680 --> 00:18:06,320 Speaker 1: ourselves and we should be, you know, feeling stronger than 331 00:18:06,359 --> 00:18:08,600 Speaker 1: we are. And I continue to believe that it's it's 332 00:18:08,640 --> 00:18:12,040 Speaker 1: the trade policy. Alright, coming up, we pivot back to politics. 333 00:18:12,080 --> 00:18:15,720 Speaker 1: Panel stays Kristen Han, Brendan Buck. Download the Bloomberg Sound 334 00:18:15,760 --> 00:18:18,000 Speaker 1: On podcast on Apple, it tunes, on Bloomberg dot com, 335 00:18:18,080 --> 00:18:20,480 Speaker 1: or by downloading the Bloomberg Business app. You can also 336 00:18:20,520 --> 00:18:22,679 Speaker 1: find us on Radio dot com, I Heart Radio and 337 00:18:22,720 --> 00:18:27,760 Speaker 1: Spotify and Kevin SERELLI you're listening to Bloomberg. You're listening 338 00:18:27,840 --> 00:18:32,439 Speaker 1: to Bloomberg. Sound On with Kevin Shirley on Bloomberg and 339 00:18:32,480 --> 00:18:35,480 Speaker 1: one on five point seven FM. H D two. The 340 00:18:35,520 --> 00:18:38,439 Speaker 1: Shawn Spicer make it through the first round of Dancing 341 00:18:38,440 --> 00:18:40,400 Speaker 1: with the Stars. I don't know. I didn't. I don't think. 342 00:18:40,520 --> 00:18:42,200 Speaker 1: I don't think they voted until next week or you 343 00:18:42,240 --> 00:18:44,600 Speaker 1: find the results next week. Thank you for Dancing with 344 00:18:44,640 --> 00:18:48,399 Speaker 1: the Stars. Resident. Now we're gonna name him that Brendan Buck. Everybody. 345 00:18:48,720 --> 00:18:52,840 Speaker 1: He is here, former spokesman, advisor to speaker of Aul 346 00:18:53,000 --> 00:18:56,160 Speaker 1: Ryan and partner in Seven Letters. I watched it, Brendan 347 00:18:56,240 --> 00:18:58,960 Speaker 1: for the record, I actually stayed up late and watched 348 00:18:59,000 --> 00:19:01,119 Speaker 1: because I wanted to leave sleeve. I still it was 349 00:19:01,119 --> 00:19:03,080 Speaker 1: two nights ago and I still I'm thinking about it. 350 00:19:03,240 --> 00:19:06,160 Speaker 1: Kristin haunts here, democratics, tragies. How do you think Sean 351 00:19:06,240 --> 00:19:09,240 Speaker 1: did on on? You know, I think he went out 352 00:19:09,240 --> 00:19:12,120 Speaker 1: there and gave it. I could watch clips. I gave 353 00:19:12,200 --> 00:19:15,920 Speaker 1: it plus a plus for the outfit, and I think 354 00:19:15,960 --> 00:19:20,480 Speaker 1: he went forward, went for it, and he exactly the outfit. 355 00:19:21,800 --> 00:19:24,840 Speaker 1: I'm not a was he came in second to last. 356 00:19:25,840 --> 00:19:27,520 Speaker 1: Wait wait, so we do know if he made it. 357 00:19:27,720 --> 00:19:31,200 Speaker 1: I don't know how they score the voters from home 358 00:19:31,600 --> 00:19:35,600 Speaker 1: wait into people. Yeah, the people to um. One of 359 00:19:35,600 --> 00:19:38,600 Speaker 1: my sources on Capitol Hill vote, who is a Republican 360 00:19:39,280 --> 00:19:42,200 Speaker 1: voted ten times and was messaging everybody to make sure 361 00:19:42,280 --> 00:19:46,600 Speaker 1: that that's Seand I give listen anyone who asked the 362 00:19:46,600 --> 00:19:50,840 Speaker 1: courage to do that on national television, I say, more 363 00:19:50,880 --> 00:19:52,639 Speaker 1: power to you. I mean, there was a big watch 364 00:19:52,680 --> 00:19:55,320 Speaker 1: party here in d C. I guess if I was 365 00:19:55,359 --> 00:20:01,919 Speaker 1: friends with was not. All right, let's talk domestic politics. 366 00:20:02,200 --> 00:20:06,120 Speaker 1: Are they going to do anything on guns this week, Kristen, God, 367 00:20:06,280 --> 00:20:09,359 Speaker 1: they should, I'm telling you. I mean, the House has 368 00:20:09,400 --> 00:20:12,840 Speaker 1: put the Senate majority leader in a pretty tough spot. 369 00:20:12,880 --> 00:20:14,320 Speaker 1: I mean, and I know people say this over and 370 00:20:14,359 --> 00:20:17,240 Speaker 1: over and over again, but it's true. People overwhelmingly Republicans 371 00:20:17,280 --> 00:20:20,960 Speaker 1: overwhelmingly support UH Conference of Background Checks. It's something that 372 00:20:21,000 --> 00:20:24,520 Speaker 1: a state like Colorado implemented twenty years ago. Um, you know, 373 00:20:25,040 --> 00:20:27,679 Speaker 1: there's no reason not to. And very rarely can you 374 00:20:27,720 --> 00:20:30,760 Speaker 1: put uh, you know, the Senate majority of Mitch McConnell 375 00:20:30,760 --> 00:20:32,800 Speaker 1: in a bind. But I really think that he's not 376 00:20:33,119 --> 00:20:34,919 Speaker 1: he's not in line with where the American people are 377 00:20:34,920 --> 00:20:38,440 Speaker 1: on this. Brendan Republicans, what's the what's the divide here? 378 00:20:38,480 --> 00:20:42,760 Speaker 1: Because no matter what Republicans agree to Kristen and yeah, 379 00:20:42,760 --> 00:20:45,600 Speaker 1: and I think that's why they wanted. I think largely 380 00:20:45,880 --> 00:20:49,560 Speaker 1: Republican leaders want the issue to go away because whatever 381 00:20:49,600 --> 00:20:53,680 Speaker 1: they do do will probably upset some of their voters, 382 00:20:53,720 --> 00:20:55,840 Speaker 1: but it will never be enough for the left. And 383 00:20:55,880 --> 00:20:57,760 Speaker 1: it's one of the things you get beat up, but 384 00:20:58,160 --> 00:20:59,879 Speaker 1: you don't ever get rewarded. And so I think what 385 00:21:00,040 --> 00:21:02,240 Speaker 1: mch McConnell has basically said, I'm going to leave this 386 00:21:02,320 --> 00:21:04,240 Speaker 1: up to Donald Trump, knowing full well that Donald Trump 387 00:21:04,280 --> 00:21:06,359 Speaker 1: is never going to settle on a policy position. A 388 00:21:06,400 --> 00:21:08,000 Speaker 1: lot of I mean a lot of our I mean 389 00:21:08,200 --> 00:21:10,560 Speaker 1: the members that I work with that are Democrats and 390 00:21:10,640 --> 00:21:13,080 Speaker 1: really you know kind of centrist Democrats in the middle 391 00:21:13,080 --> 00:21:14,840 Speaker 1: of the road dishes there in the exact same spot. 392 00:21:14,920 --> 00:21:17,760 Speaker 1: I mean, they there's the exact same spot is the Republicans. 393 00:21:17,760 --> 00:21:19,680 Speaker 1: You're talking about the you know, they try to do something, 394 00:21:19,760 --> 00:21:21,800 Speaker 1: it's never enough, but you gotta start somewhere. You've got 395 00:21:21,880 --> 00:21:23,800 Speaker 1: to do something in the has passed background check bill, 396 00:21:23,960 --> 00:21:26,160 Speaker 1: and look, I I think there actually was a real 397 00:21:26,200 --> 00:21:28,800 Speaker 1: opportunity to do something, and maybe it's not dead yet, 398 00:21:28,800 --> 00:21:31,639 Speaker 1: a real opportunity to do something on background checks. I 399 00:21:31,640 --> 00:21:34,560 Speaker 1: think this president is the one person who could actually 400 00:21:34,640 --> 00:21:37,240 Speaker 1: get that done, could go to people who care a 401 00:21:37,240 --> 00:21:39,280 Speaker 1: lot about this issue and say, here, this is what 402 00:21:39,320 --> 00:21:42,280 Speaker 1: we're doing. This isn't some brand, some brand, some grand 403 00:21:42,320 --> 00:21:44,760 Speaker 1: conspiracy excused me to take away your guns, and they 404 00:21:44,800 --> 00:21:46,920 Speaker 1: would believe him and he could get it done. Um, 405 00:21:46,960 --> 00:21:48,920 Speaker 1: But he has not ever shown a willingness to push 406 00:21:49,000 --> 00:21:51,520 Speaker 1: Republicans on something they don't actually want to do. Can 407 00:21:51,560 --> 00:21:54,119 Speaker 1: I ask you a real question, because I you know, 408 00:21:54,600 --> 00:21:57,439 Speaker 1: I'm not really trying to be naive. I'm also not 409 00:21:57,480 --> 00:21:58,960 Speaker 1: trying to put any of you on the spot. But 410 00:21:59,040 --> 00:22:02,359 Speaker 1: Brendon will me through this because there are so many issues, 411 00:22:02,359 --> 00:22:06,359 Speaker 1: whether it's on foreign policy in particular, work Democrats and 412 00:22:06,400 --> 00:22:11,320 Speaker 1: Republicans consistently work together behind not even behind the scenes, 413 00:22:11,359 --> 00:22:15,639 Speaker 1: but but to craft US policy as a whole. Why 414 00:22:15,720 --> 00:22:18,760 Speaker 1: Because I actually believe this, and I know listeners might disagree, 415 00:22:18,800 --> 00:22:22,919 Speaker 1: and but I actually believe that Republicans and Democrats want 416 00:22:23,359 --> 00:22:26,200 Speaker 1: there to be no more mass shootings. I don't think it. 417 00:22:26,480 --> 00:22:28,719 Speaker 1: I just think, as a human, you don't want there 418 00:22:28,760 --> 00:22:31,800 Speaker 1: to be a mass shooting. But why why isn't there 419 00:22:32,520 --> 00:22:39,120 Speaker 1: uh working groups happening at a national level, behind the scenes, public, private, 420 00:22:39,280 --> 00:22:42,119 Speaker 1: both sides of the aisle, where they're actually talking about 421 00:22:42,160 --> 00:22:45,240 Speaker 1: this and not in a reactionary way, because Brennan, and 422 00:22:45,280 --> 00:22:47,439 Speaker 1: I'm asking you, Brennan, because I do think that the 423 00:22:47,440 --> 00:22:51,160 Speaker 1: Republicans are the key here and not and not because 424 00:22:51,200 --> 00:22:53,439 Speaker 1: I'm putting anyone on the spot, but at least, but 425 00:22:53,920 --> 00:22:55,880 Speaker 1: why doesn't that exist? Or maybe it doesn't, we don't 426 00:22:55,880 --> 00:22:58,639 Speaker 1: hear about it. Well, I think it's important to appreciate, 427 00:22:58,960 --> 00:23:02,160 Speaker 1: UM that a lot out of Republicans don't actually agree 428 00:23:02,280 --> 00:23:04,520 Speaker 1: some of these solutions that are being talked about, our 429 00:23:04,560 --> 00:23:07,400 Speaker 1: solutions and you know, agree with that or don't. I'm 430 00:23:07,440 --> 00:23:11,200 Speaker 1: just telling you. For example, when UM, after after Las 431 00:23:11,280 --> 00:23:13,960 Speaker 1: Vegas and the Speaker came out in support of banning 432 00:23:13,960 --> 00:23:16,800 Speaker 1: bump stocks, you would have thought some of our members 433 00:23:16,800 --> 00:23:20,240 Speaker 1: had thought that he had just endorsed a mandatory buyback program. 434 00:23:20,320 --> 00:23:22,040 Speaker 1: They're like, that is not going to solve any problems. 435 00:23:22,080 --> 00:23:23,720 Speaker 1: Why are we doing this? Why are we talking about this? 436 00:23:23,800 --> 00:23:25,720 Speaker 1: You just have to understand that is the mindset a 437 00:23:25,800 --> 00:23:27,800 Speaker 1: lot of these members. It is not as though they 438 00:23:27,800 --> 00:23:31,560 Speaker 1: all believe that stronger background checks are going to stop uh, 439 00:23:31,680 --> 00:23:34,560 Speaker 1: these mass shootings. They just don't believe that, and so 440 00:23:34,560 --> 00:23:37,040 Speaker 1: they're not particularly motivated to find a solution because they 441 00:23:37,040 --> 00:23:39,480 Speaker 1: don't actually think that is the answer. I would say, 442 00:23:39,480 --> 00:23:41,240 Speaker 1: I mean, and I've done some work with a group 443 00:23:41,280 --> 00:23:44,359 Speaker 1: called Stand with Parkland right after the Parkland shooting, and 444 00:23:44,359 --> 00:23:48,800 Speaker 1: it does these it's the parents of a collective parents 445 00:23:49,080 --> 00:23:53,400 Speaker 1: of of the of the children who were murdered at Parkland. 446 00:23:53,480 --> 00:23:57,359 Speaker 1: Now the the there, they're they're fellow students, were the 447 00:23:57,400 --> 00:23:59,680 Speaker 1: ones that we're getting all the attention. But these parents 448 00:23:59,720 --> 00:24:02,480 Speaker 1: are mix of Republicans and Democrats and actually have spent 449 00:24:02,960 --> 00:24:05,960 Speaker 1: a lot of time working in the Florida legislator and 450 00:24:06,000 --> 00:24:08,600 Speaker 1: were successful in doing things. They're on a bipartisan basis, 451 00:24:08,840 --> 00:24:10,840 Speaker 1: and I know for a fact they've been working really 452 00:24:10,920 --> 00:24:13,680 Speaker 1: hard on the hill, having meetings with Leader McConnell and 453 00:24:13,800 --> 00:24:16,480 Speaker 1: the enclos and people across the ol. You know, and 454 00:24:16,520 --> 00:24:19,040 Speaker 1: the Republicans are receptive to their ideas. I think that 455 00:24:19,080 --> 00:24:23,040 Speaker 1: they don't get enough attention. Um, but there are people 456 00:24:23,240 --> 00:24:25,560 Speaker 1: out there who want to work across the to to 457 00:24:25,720 --> 00:24:27,520 Speaker 1: get things done, and it's just hard to do it. 458 00:24:27,600 --> 00:24:29,960 Speaker 1: And when you when you raise these these issues to 459 00:24:30,040 --> 00:24:32,480 Speaker 1: a public, I think that there is and I don't 460 00:24:32,480 --> 00:24:35,080 Speaker 1: get me wrong, I think the Republicans should support this 461 00:24:35,359 --> 00:24:39,919 Speaker 1: for the background checks, for policy reasons, and for political reasons. 462 00:24:40,000 --> 00:24:43,760 Speaker 1: But ultimately, you know, when people like Better Rourke are 463 00:24:43,760 --> 00:24:46,160 Speaker 1: talking about taking away guns, they end up playing into 464 00:24:46,160 --> 00:24:48,359 Speaker 1: the hands of people who don't want something to happen. Because, 465 00:24:48,680 --> 00:24:50,360 Speaker 1: you know, if we can just say we're gonna stick 466 00:24:50,400 --> 00:24:52,960 Speaker 1: to this particular policy and we all agree, and you know, 467 00:24:53,040 --> 00:24:54,720 Speaker 1: let's not worry about where we don't agree, let's just 468 00:24:54,800 --> 00:24:57,480 Speaker 1: do this. But so much of the argument is this 469 00:24:57,600 --> 00:24:59,760 Speaker 1: is a slippery slope. They say this, Now, the next 470 00:24:59,800 --> 00:25:01,320 Speaker 1: thing they're doing, they're going to come from your guns. 471 00:25:01,359 --> 00:25:03,840 Speaker 1: And when says yes, I am coming for your guns, 472 00:25:03,880 --> 00:25:06,000 Speaker 1: it makes everybody just want to stop and lets take 473 00:25:06,000 --> 00:25:07,840 Speaker 1: a loads in a sedimentary leader Chuck Shumer on this, 474 00:25:07,960 --> 00:25:09,399 Speaker 1: he was he was talking about the stay on the hill, 475 00:25:09,440 --> 00:25:13,160 Speaker 1: take a listen to him. Hearious politicians offering their thoughts 476 00:25:13,200 --> 00:25:16,679 Speaker 1: and prayers just doesn't cut it anymore. It's put up, 477 00:25:17,760 --> 00:25:24,480 Speaker 1: were shut up? Leader McConnell, Senate Republicans. What will you do? 478 00:25:25,920 --> 00:25:27,760 Speaker 1: For the record? That was not my phone, that was 479 00:25:27,800 --> 00:25:30,760 Speaker 1: sentimentary Leader Chuck Shumer talking about this to to put 480 00:25:30,840 --> 00:25:35,240 Speaker 1: up or shut up? I am I'm curious to see 481 00:25:35,280 --> 00:25:38,440 Speaker 1: how this plays out. I just feel that every time 482 00:25:38,480 --> 00:25:41,240 Speaker 1: I get out of Washington, UM, you talk to people 483 00:25:41,280 --> 00:25:43,000 Speaker 1: and they it just seems like we're in such a 484 00:25:43,080 --> 00:25:47,679 Speaker 1: reactionary phase with with the problem that everyone identifies as 485 00:25:47,720 --> 00:25:50,080 Speaker 1: a problem. And I really do believe we talk and 486 00:25:50,160 --> 00:25:53,919 Speaker 1: we cover so much with regards to technology, with regards 487 00:25:54,000 --> 00:25:57,680 Speaker 1: to artificial intelligence, with regards to how big tech companies 488 00:25:57,800 --> 00:26:02,000 Speaker 1: are responding and working with the federal government regardless of 489 00:26:02,080 --> 00:26:06,840 Speaker 1: political party, overseas to stop terrorism. I don't know. There 490 00:26:06,920 --> 00:26:09,320 Speaker 1: seems to be a lot of consensus on those issues, 491 00:26:09,400 --> 00:26:12,000 Speaker 1: and I don't know why there isn't more chatter about 492 00:26:12,040 --> 00:26:15,200 Speaker 1: that domestically. Coming up twenty twenty talk Who's Up, Who's Down? 493 00:26:15,320 --> 00:26:19,879 Speaker 1: Panel stays will Joe Biden emerge as the Democratic nominee. 494 00:26:20,000 --> 00:26:23,240 Speaker 1: Kristin Han reacts Brendon Bucks. Here, I'm Kevin Sirelli. You're 495 00:26:23,280 --> 00:26:29,879 Speaker 1: listening to Bloomberg One. This is Bloomberg's sound on with 496 00:26:30,080 --> 00:26:34,480 Speaker 1: Kevin Surreley on Bloomberg and one on five point seven 497 00:26:34,560 --> 00:26:39,199 Speaker 1: of MHD two. I still await guidance from the Lighthouse 498 00:26:39,320 --> 00:26:44,280 Speaker 1: as to what he thinks he's comfortable with signing and 499 00:26:45,119 --> 00:26:51,080 Speaker 1: if and when that happened, that was sent, That was 500 00:26:51,119 --> 00:26:54,840 Speaker 1: sent a majority leader Mitch McConnell speaking earlier today on 501 00:26:55,040 --> 00:26:58,600 Speaker 1: the floor with regards to gun control policy and whether 502 00:26:58,720 --> 00:27:00,960 Speaker 1: or not he's received any guy, it's from the White House. 503 00:27:01,000 --> 00:27:04,920 Speaker 1: He's he's given the lead to this issue to President Trump. 504 00:27:05,040 --> 00:27:07,879 Speaker 1: I'm Kevin Curreli, Chief Washington correspondent from Bloomberg Television and 505 00:27:07,880 --> 00:27:11,240 Speaker 1: Bloomberg Radio. I do want to read a disclaimer. Michael Bloomberg, 506 00:27:11,280 --> 00:27:14,120 Speaker 1: owner of Bloomberg LP, the parent company of Bloomberg News, 507 00:27:14,520 --> 00:27:17,359 Speaker 1: founded and helps fund every Town for Gun Safety, a 508 00:27:17,440 --> 00:27:21,640 Speaker 1: nonprofit that advocates for universal background checks and other gun 509 00:27:21,760 --> 00:27:26,520 Speaker 1: violence prevention measures. Here with me in the studio Brendan Buck, 510 00:27:26,720 --> 00:27:29,399 Speaker 1: former senior advisor to HOWSE speaker Paul Ryan. He is 511 00:27:29,440 --> 00:27:33,960 Speaker 1: also a partner at seven Letter and UH Kristen Haunt, 512 00:27:34,240 --> 00:27:38,480 Speaker 1: former constructor for the Blue Dog Democrat Coalition. She is 513 00:27:38,600 --> 00:27:44,439 Speaker 1: now a senior senior advisor. All these titles in Washington 514 00:27:44,560 --> 00:27:48,440 Speaker 1: A rock I know, the Rock Solution part where the 515 00:27:48,560 --> 00:27:52,400 Speaker 1: good friend Rob Budgy. Um. Sorry, I always I don't 516 00:27:52,480 --> 00:27:55,040 Speaker 1: like butchering people's titles. Board News. All right, So this 517 00:27:55,160 --> 00:27:57,120 Speaker 1: is my favorite part of the show. We're talking about 518 00:27:57,119 --> 00:27:59,680 Speaker 1: what's on your radar? What's one thing that we didn't 519 00:27:59,720 --> 00:28:02,040 Speaker 1: talk about that we should be talking about that we 520 00:28:02,080 --> 00:28:05,359 Speaker 1: should be paying attention to, Kristin Hard what's on your radar? 521 00:28:05,880 --> 00:28:08,600 Speaker 1: I you know, you know me, Kevin, I'm always looking 522 00:28:08,640 --> 00:28:11,520 Speaker 1: at the House and the impact of what's happening with 523 00:28:11,680 --> 00:28:16,240 Speaker 1: the Democratic presidential candidates and the impact on whether we 524 00:28:16,359 --> 00:28:17,959 Speaker 1: keep the House or not. So there are a lot 525 00:28:18,040 --> 00:28:22,000 Speaker 1: of different political implications. I think that you know, Senator Warner, 526 00:28:22,080 --> 00:28:25,240 Speaker 1: she's she's surging in the polls right now. But uh 527 00:28:25,640 --> 00:28:30,040 Speaker 1: sorry I thought also so I was like, I was like, 528 00:28:31,320 --> 00:28:35,080 Speaker 1: I'm sorry, warrant trust, But you know, and I really 529 00:28:35,119 --> 00:28:37,720 Speaker 1: think this this issue of medicare for all and and 530 00:28:37,960 --> 00:28:41,240 Speaker 1: and being a tax increase on on on middle class 531 00:28:41,240 --> 00:28:44,000 Speaker 1: Americans is going to become a mainstream issue if she 532 00:28:45,200 --> 00:28:48,040 Speaker 1: is the nominee. And we saw it on Stephen Colbert 533 00:28:48,200 --> 00:28:50,440 Speaker 1: last night. He was he went out and asked this question. 534 00:28:50,520 --> 00:28:52,720 Speaker 1: She was not able to answer it. So it's concerning 535 00:28:52,800 --> 00:28:55,000 Speaker 1: to me. Um, you know, and I worry about the 536 00:28:55,080 --> 00:29:00,200 Speaker 1: impact of a candidacy like that on on that House 537 00:29:00,240 --> 00:29:01,560 Speaker 1: members who are trying to come back in these really 538 00:29:01,600 --> 00:29:04,000 Speaker 1: tough districts. I let's stay with this for a second 539 00:29:04,040 --> 00:29:06,240 Speaker 1: with Medicare for All, because look, there are people who 540 00:29:06,560 --> 00:29:09,600 Speaker 1: who really believe that this should happen. There were passionate 541 00:29:09,640 --> 00:29:12,280 Speaker 1: about this, and they say when I, when I interviewed 542 00:29:12,280 --> 00:29:13,560 Speaker 1: them and when I when I talk to them, they 543 00:29:13,640 --> 00:29:17,600 Speaker 1: say that collectively Americans would pay less when you factor 544 00:29:17,720 --> 00:29:21,520 Speaker 1: it in that taxes would go up, but collectively costs 545 00:29:21,560 --> 00:29:25,840 Speaker 1: would go down. Is that an argument that you feel, Christina, 546 00:29:25,960 --> 00:29:29,400 Speaker 1: and as a Democrat can be sold to independent voters, 547 00:29:29,480 --> 00:29:31,600 Speaker 1: not in a primary election, but in a general folks 548 00:29:31,640 --> 00:29:36,000 Speaker 1: who have voted for Republican presidents and Democrat president. So no, 549 00:29:36,320 --> 00:29:37,920 Speaker 1: I do not think it is. And I think there's 550 00:29:37,920 --> 00:29:40,720 Speaker 1: a major reason for that because, um, you know, not 551 00:29:40,880 --> 00:29:42,760 Speaker 1: just the tax cut, but if you ask people if 552 00:29:42,760 --> 00:29:45,800 Speaker 1: they support Medicare for All, a large number of Americans 553 00:29:45,840 --> 00:29:48,080 Speaker 1: say yes. If you ask the second question, do you 554 00:29:48,160 --> 00:29:49,880 Speaker 1: want to give up your private health care insurance? They 555 00:29:49,920 --> 00:29:52,600 Speaker 1: say no. In the support for Medicare for All plummets 556 00:29:53,280 --> 00:29:56,600 Speaker 1: like immeasurably. So what I think also is something that 557 00:29:56,640 --> 00:29:58,440 Speaker 1: a lot of people aren't talking about, but a lot 558 00:29:58,480 --> 00:30:00,760 Speaker 1: of grumblings inside the Democratic A lot of people aren't 559 00:30:00,760 --> 00:30:02,520 Speaker 1: saying it out loud, so I want to get it 560 00:30:02,600 --> 00:30:04,959 Speaker 1: out there. Is that a lot of progressive I think 561 00:30:05,000 --> 00:30:07,320 Speaker 1: the argument to them about Medicare care for All and 562 00:30:07,360 --> 00:30:09,360 Speaker 1: the concern there is that you've got a government run 563 00:30:09,400 --> 00:30:11,040 Speaker 1: here at the health care program? Do you want to 564 00:30:11,080 --> 00:30:13,640 Speaker 1: hand it over to a president like Donald Trump? And 565 00:30:13,760 --> 00:30:16,040 Speaker 1: so it's an angle and like a thing that people 566 00:30:16,040 --> 00:30:17,600 Speaker 1: are looking at. But you, you know, do you really 567 00:30:17,640 --> 00:30:21,960 Speaker 1: want to do that? You know? Has no? Hell no, 568 00:30:23,360 --> 00:30:26,800 Speaker 1: definitely not Well, I think I think the Medicare for All, 569 00:30:26,840 --> 00:30:29,400 Speaker 1: I mean it should she become the nominee, would you 570 00:30:30,000 --> 00:30:31,680 Speaker 1: support her? I'm not you. I mean, I'm not trying 571 00:30:31,680 --> 00:30:32,959 Speaker 1: to put you on the spot. I know I just did. 572 00:30:33,160 --> 00:30:36,840 Speaker 1: Would But would we're Democrats personally? Would you were Democrats 573 00:30:36,920 --> 00:30:38,920 Speaker 1: like yourselves and coalition groups that you're a part of, 574 00:30:39,200 --> 00:30:42,040 Speaker 1: would they support her. I think that a number of 575 00:30:42,120 --> 00:30:45,800 Speaker 1: independence would not UM. I think that some man would support. 576 00:30:46,040 --> 00:30:47,800 Speaker 1: I think that some may and some may not. I 577 00:30:47,880 --> 00:30:51,520 Speaker 1: think that I think enough people are looking at their 578 00:30:51,680 --> 00:30:53,480 Speaker 1: their lives and looking at the economy. Now. Depends on 579 00:30:53,520 --> 00:30:55,680 Speaker 1: what it's like then, you know, if we have any 580 00:30:55,720 --> 00:30:58,200 Speaker 1: major economic downtterm, but enough people are looking at it saying, 581 00:30:58,680 --> 00:31:00,600 Speaker 1: you know, I may not like what he says all 582 00:31:00,640 --> 00:31:02,640 Speaker 1: the time, but I'm doing pretty well. I mean, the 583 00:31:03,280 --> 00:31:07,200 Speaker 1: silent Republicans now who are concerned about the budget would 584 00:31:07,280 --> 00:31:09,200 Speaker 1: go up in arms if there was not a care 585 00:31:09,280 --> 00:31:12,240 Speaker 1: for all to buck what's on your radar? No, I mean, 586 00:31:12,320 --> 00:31:14,200 Speaker 1: I just I would continue that. I mean, as a 587 00:31:14,240 --> 00:31:17,800 Speaker 1: political matter, I think that Democrats have not walked into 588 00:31:17,880 --> 00:31:21,360 Speaker 1: this very well prepared. UM. I think Republicans are are 589 00:31:21,480 --> 00:31:24,920 Speaker 1: going to be running on this sort of no matter what. UM. 590 00:31:25,400 --> 00:31:28,400 Speaker 1: But I don't really quite understand why any party at 591 00:31:28,440 --> 00:31:30,880 Speaker 1: this point would want to make healthcare the defining issue. 592 00:31:31,160 --> 00:31:33,400 Speaker 1: As an offensive issue. I understand, you know you can 593 00:31:33,560 --> 00:31:35,000 Speaker 1: or as a deep maybe as a defensive issue is 594 00:31:35,000 --> 00:31:36,520 Speaker 1: the best way to put it. If you look at 595 00:31:37,800 --> 00:31:39,760 Speaker 1: you look at two thousand and ten, and you look 596 00:31:39,800 --> 00:31:43,880 Speaker 1: at two thousand and eighteen, the House flipped largely over healthcare, 597 00:31:44,200 --> 00:31:46,760 Speaker 1: and this is such a personal issue and force a 598 00:31:46,880 --> 00:31:49,920 Speaker 1: party to try to thrust this back into everyone's face 599 00:31:50,120 --> 00:31:52,800 Speaker 1: in it's such a disruptive way. I mean, I understand 600 00:31:52,840 --> 00:31:55,080 Speaker 1: if fires up the progressive base, but there are real 601 00:31:55,240 --> 00:31:58,720 Speaker 1: risks involved politically by by going down this route. And 602 00:31:58,760 --> 00:32:00,840 Speaker 1: it's not theory. It's you know, three out of the 603 00:32:00,920 --> 00:32:03,000 Speaker 1: last four times the Houses have flipped, I would say 604 00:32:03,040 --> 00:32:05,360 Speaker 1: that healthcare was one of the primary factors behind who 605 00:32:05,400 --> 00:32:07,280 Speaker 1: do you who gives you the most pause in the field, 606 00:32:07,360 --> 00:32:11,760 Speaker 1: Brendan ah In what way? I mean that would that 607 00:32:11,840 --> 00:32:14,640 Speaker 1: would cause a Democrat to beat Trump? I mean, I 608 00:32:14,720 --> 00:32:16,800 Speaker 1: think any of them had the potential to beat Trump. 609 00:32:16,840 --> 00:32:19,920 Speaker 1: I think some of the fundamentals that Donald Trump got 610 00:32:19,960 --> 00:32:22,920 Speaker 1: elected with are are in real question. I think some 611 00:32:23,080 --> 00:32:25,960 Speaker 1: of the rust belt states. You know, we talk a 612 00:32:26,000 --> 00:32:30,960 Speaker 1: lot about how he is energized the white working class vote, 613 00:32:31,120 --> 00:32:33,440 Speaker 1: but you know that comes there's a cost to that, 614 00:32:33,560 --> 00:32:37,959 Speaker 1: and it's these suburbs, whether you're talking about Milwaukee or Detroit, 615 00:32:38,120 --> 00:32:41,400 Speaker 1: some of these areas that are Philadelphia or Philadelphia, these 616 00:32:41,400 --> 00:32:43,320 Speaker 1: states that are critical. I mean, the president won Michigan 617 00:32:43,360 --> 00:32:46,880 Speaker 1: by ten thousand votes. You know, I understand that the 618 00:32:47,160 --> 00:32:50,040 Speaker 1: white working class vote is a large percentage of of 619 00:32:50,240 --> 00:32:53,480 Speaker 1: Michigan UM. But you know, the more that he sort 620 00:32:53,520 --> 00:32:57,840 Speaker 1: of tax immigrants and whether all these questions around racism, 621 00:32:57,880 --> 00:32:59,680 Speaker 1: you know, these are type of things that suburban voters 622 00:33:00,240 --> 00:33:03,360 Speaker 1: UM are really turned off by. And so all that 623 00:33:03,440 --> 00:33:05,320 Speaker 1: to say, I think he's he's vulnerable in a lot 624 00:33:05,360 --> 00:33:08,840 Speaker 1: of ways, particularly if if the economy does have a downturn. 625 00:33:08,840 --> 00:33:10,360 Speaker 1: I mean, I think this on the Democratic side, I 626 00:33:10,360 --> 00:33:13,040 Speaker 1: think this has turned into a three person race. Uh 627 00:33:13,280 --> 00:33:16,920 Speaker 1: and really Andrew Yang in this gang. Yeah, I don't 628 00:33:16,960 --> 00:33:20,400 Speaker 1: agree with you. You know, I think if if it 629 00:33:20,480 --> 00:33:23,160 Speaker 1: were down to Elizabeth Warren and and Joe Biden, I 630 00:33:23,200 --> 00:33:25,120 Speaker 1: think this would be over. I think Elizabeth Warren would 631 00:33:25,120 --> 00:33:27,920 Speaker 1: would run away with this thing. Um. I think Bernie 632 00:33:27,960 --> 00:33:30,120 Speaker 1: Sanders is really just in her way at this point. 633 00:33:30,560 --> 00:33:32,640 Speaker 1: All Right, that's on the panel's radar, quickly. What's on 634 00:33:32,760 --> 00:33:35,120 Speaker 1: my radar is that momentum is building for quick action 635 00:33:35,200 --> 00:33:38,240 Speaker 1: in Congress to pressure China to back off any crackdown 636 00:33:38,280 --> 00:33:41,720 Speaker 1: on pro democracy protesters by threatening Hong Kong special trading 637 00:33:41,760 --> 00:33:43,720 Speaker 1: status with the US. We talked a little bit about 638 00:33:43,720 --> 00:33:45,760 Speaker 1: this yesterday we're gonna keep careful eye on it. Senator 639 00:33:45,840 --> 00:33:50,040 Speaker 1: Marco Rubio, a Republican from Florida, has built a bipartisan 640 00:33:50,080 --> 00:33:53,400 Speaker 1: coalition on this to uh allow the US a little 641 00:33:53,400 --> 00:33:56,040 Speaker 1: bit more oversight in terms of their trading relationship with 642 00:33:56,160 --> 00:33:59,440 Speaker 1: regards to Hong Kong, and that matters. That matters because 643 00:33:59,480 --> 00:34:02,760 Speaker 1: of those pro democracy protests happening overseas. That does it 644 00:34:02,880 --> 00:34:05,680 Speaker 1: for me. I'm Kevin Cirilli, Chief Washington corresponded for Bloomberg 645 00:34:05,720 --> 00:34:08,560 Speaker 1: Television and Bloomberg Radio. My thanks to Kristen Haunt and 646 00:34:08,640 --> 00:34:12,680 Speaker 1: Brendan Buck. Kristen Haunt at Rock Solution, Brendan at seven Letter, 647 00:34:12,960 --> 00:34:17,279 Speaker 1: Thanks for listening to Bloomberg. One m