1 00:00:00,520 --> 00:00:03,280 Speaker 1: Why from our nations this budget thing is going to 2 00:00:03,360 --> 00:00:05,760 Speaker 1: do nothing in space. I still think it's interesting President 3 00:00:05,800 --> 00:00:09,440 Speaker 1: Trump not playing his cards yet headlines Policy and politics, 4 00:00:09,480 --> 00:00:13,159 Speaker 1: colliding to sound on with Kevin's really the insiders, the 5 00:00:13,360 --> 00:00:17,200 Speaker 1: influencers insides. I would rather see a congressional solution. It's 6 00:00:17,239 --> 00:00:20,200 Speaker 1: part of my DNA. The Senate map in looks a 7 00:00:20,200 --> 00:00:22,520 Speaker 1: lot different than it looked in. You really have a 8 00:00:22,560 --> 00:00:25,880 Speaker 1: divide within Team Trump. The president has to do exactly 9 00:00:25,880 --> 00:00:27,640 Speaker 1: what people seven here to do, which is to get 10 00:00:27,640 --> 00:00:31,440 Speaker 1: it done. He's sound on with Kevin's here really on 11 00:00:31,520 --> 00:00:36,440 Speaker 1: Bloomberg one and m h D two. Boltom Are, I 12 00:00:36,440 --> 00:00:39,000 Speaker 1: hope you didn't forget your umbrella at work today, my 13 00:00:39,200 --> 00:00:42,400 Speaker 1: lord those rainstorms like I'm in soon out there. We're 14 00:00:42,400 --> 00:00:45,080 Speaker 1: going to talk about all of the leaks coming out 15 00:00:45,080 --> 00:00:47,320 Speaker 1: of the White House. And I'm actually not talking in 16 00:00:47,360 --> 00:00:49,760 Speaker 1: a I'm talking in the literal sense. There was leaks, 17 00:00:50,040 --> 00:00:52,040 Speaker 1: and the basement of the White House will give you 18 00:00:52,080 --> 00:00:54,800 Speaker 1: the full low down on that. Plus swall wells out 19 00:00:54,880 --> 00:00:59,000 Speaker 1: he becomes the first the first presidential candidate to drop 20 00:00:59,040 --> 00:01:02,280 Speaker 1: out of the field. Eric Spalwell says he's going to 21 00:01:02,360 --> 00:01:05,840 Speaker 1: be running for re election in Congress. He faces a 22 00:01:05,920 --> 00:01:09,880 Speaker 1: challenger from the AOC wing of the Democratic Party. All 23 00:01:09,920 --> 00:01:12,640 Speaker 1: of that plus President Trump talking about the economy at 24 00:01:12,640 --> 00:01:16,120 Speaker 1: the White House today and Secretary of State Mike pumpsays 25 00:01:16,160 --> 00:01:19,680 Speaker 1: that there are tough sanctions against Iran. I'll give you 26 00:01:19,720 --> 00:01:22,600 Speaker 1: the latest on twenty we have an all star panel 27 00:01:23,120 --> 00:01:27,880 Speaker 1: making his return to the Sound On program. Jack Fitzpatrick 28 00:01:28,000 --> 00:01:31,280 Speaker 1: is with me. He is Bloomberg Government congressional reporter, has 29 00:01:31,319 --> 00:01:33,600 Speaker 1: a lot to say about the debt limit, and Sager 30 00:01:33,640 --> 00:01:37,240 Speaker 1: and Jetty chief Washington correspondent for The Hill newspaper. He's 31 00:01:37,240 --> 00:01:41,039 Speaker 1: also a host at the Hill t V making his 32 00:01:41,120 --> 00:01:45,920 Speaker 1: debut on Bloomberg Radio. And Congressman Mac Thornberry, Republican from Texas. 33 00:01:46,160 --> 00:01:48,960 Speaker 1: He's gonna be joining us later on as well to 34 00:01:48,960 --> 00:01:51,760 Speaker 1: give us the low down on foreign policy. Wow jan 35 00:01:51,880 --> 00:01:54,720 Speaker 1: Pack Monday. If all of that wasn't enough, Man, that 36 00:01:54,960 --> 00:01:58,280 Speaker 1: rainstorm it was like coming down as if it was 37 00:01:58,360 --> 00:02:01,760 Speaker 1: I don't even know. It's like a soon. Hope everybody 38 00:02:01,800 --> 00:02:05,520 Speaker 1: got their uh, their their raincoat and and and their umbrella, 39 00:02:05,560 --> 00:02:07,160 Speaker 1: didn't forget it. On the way to work. I was 40 00:02:07,200 --> 00:02:09,720 Speaker 1: caught in it, duct did I saw everybody their re 41 00:02:09,840 --> 00:02:13,399 Speaker 1: leaks everywhere. I mean, it's it's really insane that rain 42 00:02:13,520 --> 00:02:15,399 Speaker 1: here with me for the hour, not just to talk 43 00:02:15,440 --> 00:02:18,640 Speaker 1: about the weather, but to talk politics and policy. Jack 44 00:02:18,680 --> 00:02:23,000 Speaker 1: Fitzpatrick Bloomberg government congressional reporter and Sager and Jetty chief 45 00:02:23,040 --> 00:02:27,680 Speaker 1: Washington correspondent and host for The Hill t V Soccer. 46 00:02:27,760 --> 00:02:30,480 Speaker 1: This is your first time on the program. We appreciate 47 00:02:30,520 --> 00:02:33,960 Speaker 1: you being here. Uh did you catch what President Trump 48 00:02:34,000 --> 00:02:35,960 Speaker 1: had to say at the White House today at this 49 00:02:36,680 --> 00:02:38,959 Speaker 1: this e p A. I don't even know. It was 50 00:02:39,040 --> 00:02:41,560 Speaker 1: supposed to be about the environment, and then it kind 51 00:02:41,560 --> 00:02:45,919 Speaker 1: of kind of all came together about the economy and whatnot. 52 00:02:45,919 --> 00:02:47,359 Speaker 1: Were you at the White House that I wasn't over 53 00:02:47,400 --> 00:02:49,040 Speaker 1: at the White House? Giming And first of all, thanks 54 00:02:49,080 --> 00:02:51,280 Speaker 1: for having me. It was an interesting way for the 55 00:02:51,320 --> 00:02:53,880 Speaker 1: President to try and brand himself is very pro environment, 56 00:02:53,880 --> 00:02:55,440 Speaker 1: and the White House and the President they've been talking 57 00:02:55,480 --> 00:02:57,760 Speaker 1: about this for a long time there they they look 58 00:02:57,800 --> 00:03:01,000 Speaker 1: at their natural gas policies in particular as reason why 59 00:03:01,080 --> 00:03:03,360 Speaker 1: there's such a pro environment. I think there was some 60 00:03:03,400 --> 00:03:05,480 Speaker 1: speculation that there were those in the White House who 61 00:03:05,480 --> 00:03:08,360 Speaker 1: are concerned that some recent polling shows that the Trump 62 00:03:08,360 --> 00:03:11,400 Speaker 1: administration is not acting as a leader on the on 63 00:03:11,440 --> 00:03:14,240 Speaker 1: the environment and going into they want to counteract that name. 64 00:03:14,320 --> 00:03:16,800 Speaker 1: Let's take a listen to what President Trump said earlier 65 00:03:16,840 --> 00:03:20,720 Speaker 1: today at the White House. Serious for years, politicians told 66 00:03:20,720 --> 00:03:24,440 Speaker 1: Americans that a strong economy and a vibrant energy sector 67 00:03:24,840 --> 00:03:30,560 Speaker 1: were incompatible with a healthy environment. In other words, one 68 00:03:30,639 --> 00:03:33,320 Speaker 1: thing doesn't go with the other, and that's wrong, because 69 00:03:33,360 --> 00:03:36,640 Speaker 1: we're proving the exact opposite. I mean, he couldn't have 70 00:03:36,680 --> 00:03:40,280 Speaker 1: picked a better, better day with the rain coming down. 71 00:03:40,680 --> 00:03:44,520 Speaker 1: Jack Fitzpatrick to to to talk about this, uh, and 72 00:03:44,600 --> 00:03:47,880 Speaker 1: he's essentially saying game on Democratic Party with your green 73 00:03:47,920 --> 00:03:51,720 Speaker 1: New deal. Right. This hits at a really interesting kind 74 00:03:51,720 --> 00:03:56,160 Speaker 1: of divide on how you define environmental issues. Democrats talk 75 00:03:56,280 --> 00:04:00,320 Speaker 1: so much about climate change, and you see natural disass Jersey, 76 00:04:00,360 --> 00:04:02,760 Speaker 1: see flooding when it gets to be hurricane season. You're 77 00:04:02,760 --> 00:04:06,600 Speaker 1: gonna hear them hammer Trump on increased greenhouse gases. But 78 00:04:06,800 --> 00:04:09,320 Speaker 1: you hear Trump talk about and I remember at the 79 00:04:09,400 --> 00:04:11,640 Speaker 1: beginning of when Scott Pruett was in charge of the 80 00:04:11,640 --> 00:04:14,720 Speaker 1: e p A, they talk about quote unquote clean air, 81 00:04:14,920 --> 00:04:19,200 Speaker 1: clean water, things that are aside from how much carbon 82 00:04:19,279 --> 00:04:23,120 Speaker 1: dioxide is in the air. Really, it's it's trying to 83 00:04:23,320 --> 00:04:28,720 Speaker 1: exclude climate from the question of environment. Yeah. I think 84 00:04:28,720 --> 00:04:30,640 Speaker 1: you're making a great point, Jack, and that that really 85 00:04:30,640 --> 00:04:33,080 Speaker 1: does show the way that this both sides look at 86 00:04:33,080 --> 00:04:35,400 Speaker 1: the issues and there there that's very much a Nicksonian 87 00:04:35,480 --> 00:04:38,279 Speaker 1: the Clean Water Act in nineteen seventies. That's kind of 88 00:04:38,279 --> 00:04:41,400 Speaker 1: the Republican frame in which they like to frame the issue. Instead. 89 00:04:41,560 --> 00:04:45,200 Speaker 1: You do see Actually I saw Alexandria Kazier Cortez blaming 90 00:04:45,279 --> 00:04:49,479 Speaker 1: the representative blaming the flooding on Republicans today, So it's 91 00:04:49,480 --> 00:04:52,000 Speaker 1: possible that we may even move forward include this is 92 00:04:52,040 --> 00:04:54,200 Speaker 1: part of the debate. I think it's interesting every time 93 00:04:54,240 --> 00:04:57,200 Speaker 1: there's bad weather or like, it's like you always see 94 00:04:57,200 --> 00:04:59,279 Speaker 1: these tweaks on both sides of the I mean, okay, 95 00:04:59,279 --> 00:05:01,160 Speaker 1: are we are we now tweeting by weather? I mean 96 00:05:01,200 --> 00:05:03,480 Speaker 1: it's like it's like the forecast is going to somehow 97 00:05:03,520 --> 00:05:06,600 Speaker 1: dictate policy. There really doesn't seem to be much appetite 98 00:05:06,640 --> 00:05:08,760 Speaker 1: up on Capitol Hill, Jack, for there to be any 99 00:05:08,800 --> 00:05:13,440 Speaker 1: type of bipartisan reform to come from the issue on 100 00:05:13,520 --> 00:05:16,320 Speaker 1: the environment. No. Yeah, I don't see any movement in 101 00:05:16,440 --> 00:05:19,800 Speaker 1: terms of bringing the parties together on that, especially the 102 00:05:19,920 --> 00:05:24,080 Speaker 1: way the Green New Deal took center stage in Democratic 103 00:05:24,360 --> 00:05:28,960 Speaker 1: uh language, the focus on a massive you know, they 104 00:05:29,040 --> 00:05:31,880 Speaker 1: talk about World War two, you say, you say language 105 00:05:31,880 --> 00:05:34,520 Speaker 1: because like no one really knows what's in it yet, right, right, 106 00:05:34,920 --> 00:05:38,640 Speaker 1: But it's don't in Miami when I was down in Miami, 107 00:05:38,640 --> 00:05:42,400 Speaker 1: I mean like literally, like I don't know what's in it. Yeah. Meanwhile, 108 00:05:42,839 --> 00:05:45,200 Speaker 1: you know, you may have some moderate Democrats who would 109 00:05:45,360 --> 00:05:50,360 Speaker 1: much rather discuss this differently, maybe focus on ties between 110 00:05:50,360 --> 00:05:54,400 Speaker 1: the Trump administration and oil lobbyists, coal lobbyists, that kind 111 00:05:54,400 --> 00:05:58,039 Speaker 1: of thing. But Democrats have kind of gotten tunnel vision 112 00:05:58,200 --> 00:06:02,279 Speaker 1: so much on sort of a grand deal on climate 113 00:06:02,360 --> 00:06:05,719 Speaker 1: change specifically that it kind of sets up Trump and 114 00:06:05,760 --> 00:06:08,760 Speaker 1: other Republicans to go back to their war on coal 115 00:06:08,920 --> 00:06:12,920 Speaker 1: language and really cast demically being against blue collar jobs. 116 00:06:13,320 --> 00:06:15,840 Speaker 1: It makes it easy for Republicans on the point here 117 00:06:15,880 --> 00:06:17,839 Speaker 1: on the Green New Deal is is You're right, Kevin, 118 00:06:18,040 --> 00:06:20,400 Speaker 1: nobody knows even particularly what's in it. But it's about 119 00:06:20,480 --> 00:06:23,840 Speaker 1: it's about I believe that a climate change is an 120 00:06:23,839 --> 00:06:26,960 Speaker 1: existential threat to the United States. It's about framing things 121 00:06:27,240 --> 00:06:29,280 Speaker 1: within that language, and if anything, it can leave them 122 00:06:29,320 --> 00:06:32,920 Speaker 1: a bit politically vulnerable because it does leave Republicans being 123 00:06:32,960 --> 00:06:34,960 Speaker 1: able to say, well, natural gas policy. You know, it's 124 00:06:34,960 --> 00:06:37,960 Speaker 1: other things. We're making the environment cleaner, We're we're almost 125 00:06:38,000 --> 00:06:41,640 Speaker 1: stymying that existential threat to what's happening here. And it 126 00:06:41,680 --> 00:06:44,400 Speaker 1: does frame in an interesting way going into twenty. You know, 127 00:06:44,480 --> 00:06:47,640 Speaker 1: it's interesting because in the spin room in Miami, I 128 00:06:47,680 --> 00:06:50,360 Speaker 1: bumped into jail, literally bumped, because they're all like shoved 129 00:06:50,400 --> 00:06:53,120 Speaker 1: up against you. In the spin room. Jay Insley, tall 130 00:06:53,160 --> 00:06:55,600 Speaker 1: guy by the way, the governor of Washington State, and 131 00:06:55,600 --> 00:06:59,160 Speaker 1: and he's really framed his his candidacy on the issue 132 00:06:59,200 --> 00:07:01,800 Speaker 1: of climate change and whatnot. And I asked them to 133 00:07:01,839 --> 00:07:03,880 Speaker 1: both of your points, I said, because they've got a 134 00:07:03,960 --> 00:07:06,359 Speaker 1: lumber I mean Watchington, say Ton of lumber Ton, of 135 00:07:06,400 --> 00:07:09,880 Speaker 1: lumber jobs. And I said, how did you go into 136 00:07:09,960 --> 00:07:12,880 Speaker 1: these types of towns And and I didn't say, you know, 137 00:07:12,960 --> 00:07:16,080 Speaker 1: with any bias, because I'm curious, And I said, how 138 00:07:16,120 --> 00:07:18,200 Speaker 1: do you go into these towns and tell them that 139 00:07:18,240 --> 00:07:20,920 Speaker 1: their jobs What you're arguing is that these jobs are 140 00:07:20,920 --> 00:07:24,480 Speaker 1: no longer going to be existent, these cold jobs, what 141 00:07:24,560 --> 00:07:27,200 Speaker 1: you're saying, or are no longer going to be a 142 00:07:27,280 --> 00:07:30,680 Speaker 1: part of the fabric of of the American economy. And 143 00:07:30,720 --> 00:07:33,120 Speaker 1: what he said is that you have to use public 144 00:07:33,160 --> 00:07:37,360 Speaker 1: and private partnerships in order to somehow create an off 145 00:07:37,440 --> 00:07:39,640 Speaker 1: ramp for these types of sectors. But to both of 146 00:07:39,640 --> 00:07:42,560 Speaker 1: your points, I mean, you look at someone or some 147 00:07:42,600 --> 00:07:45,960 Speaker 1: of these folks and you go into Joe Mansion country, 148 00:07:46,160 --> 00:07:49,880 Speaker 1: and it's tough because you know these refinery jobs, whether 149 00:07:49,920 --> 00:07:51,840 Speaker 1: they're in Pennsylvania where I grew up, or they're in 150 00:07:51,840 --> 00:07:54,840 Speaker 1: West Virginia, it's tough to go into those towns and 151 00:07:54,840 --> 00:07:58,160 Speaker 1: and suddenly say, hey, your your job, the way you 152 00:07:58,240 --> 00:08:02,080 Speaker 1: make a living, your livelihood is no longer going to 153 00:08:02,120 --> 00:08:05,320 Speaker 1: be included in the culture of America. It is. Uh, 154 00:08:05,480 --> 00:08:08,400 Speaker 1: It's a fascinating, fascinating debate. I was thinking about that 155 00:08:08,520 --> 00:08:11,280 Speaker 1: as the rank came down. Did you guys see on Twitter? 156 00:08:11,360 --> 00:08:13,320 Speaker 1: Though in the basement, I stayed out of the White 157 00:08:13,320 --> 00:08:15,280 Speaker 1: House today? Did you see you on Twitter? In the 158 00:08:15,320 --> 00:08:17,960 Speaker 1: White and the White House? The we in the Press Firm, 159 00:08:18,000 --> 00:08:21,480 Speaker 1: the Brady Press Briefing Room literally flooding, flooding. I saw 160 00:08:21,520 --> 00:08:24,440 Speaker 1: the CNBC Yamon Yamon, Yeah, I saw a tweet. I 161 00:08:24,560 --> 00:08:27,760 Speaker 1: was like, boy, oh boy, literally can't make it up. 162 00:08:27,920 --> 00:08:31,000 Speaker 1: Literal leaks at the White Hall stage Jack, that's Patrick 163 00:08:31,080 --> 00:08:33,520 Speaker 1: Sagar and Jetty and coming up We're gonna hear from 164 00:08:33,559 --> 00:08:37,439 Speaker 1: Congressman Mac Thornberry. We also talked foreign policy as well 165 00:08:37,480 --> 00:08:40,440 Speaker 1: as the twenty election. You can download the sound On 166 00:08:40,559 --> 00:08:44,000 Speaker 1: podcast on Apple iTunes, at Bloomberg dot com, or by 167 00:08:44,000 --> 00:08:46,640 Speaker 1: downloading the Bloomberg Business app. You can also find me 168 00:08:46,679 --> 00:08:50,480 Speaker 1: on Radio dot Com, I Heart Radio, and Spotify. I'm 169 00:08:50,559 --> 00:08:58,079 Speaker 1: Kevin CURRELLI. You're listening to Bloomberg. You're listening to sound 170 00:08:58,160 --> 00:09:03,079 Speaker 1: on Wedley on Bloomberg and one oh seven m h 171 00:09:03,200 --> 00:09:07,560 Speaker 1: D two Baltimore. I'm Kevin CURRELLI, Chief Washington correspondent for 172 00:09:07,559 --> 00:09:11,480 Speaker 1: Bloomberg Television and Bloomberg Radio. Joining me here in studio 173 00:09:11,600 --> 00:09:14,360 Speaker 1: for the hour an all star panel. Jack Ftzpatrick he 174 00:09:14,440 --> 00:09:18,560 Speaker 1: is Bloomberg Government's Congressional reporter and Saga and Jetty he 175 00:09:18,640 --> 00:09:22,240 Speaker 1: is chief Washington correspondent and host at The Hill TV. 176 00:09:22,520 --> 00:09:25,240 Speaker 1: He had that awesome interview with President Trump the other 177 00:09:25,280 --> 00:09:28,520 Speaker 1: week along with Jordan Fabian and previously you were at 178 00:09:28,559 --> 00:09:33,400 Speaker 1: The Daily Caller with Tucker Carlson skyrocketing his career within 179 00:09:33,440 --> 00:09:35,400 Speaker 1: the last couple of months, and we're thrilled to have 180 00:09:35,480 --> 00:09:37,720 Speaker 1: him on for the day. Coming up, we're gonna hear 181 00:09:37,760 --> 00:09:41,560 Speaker 1: from Congressman mac Thornberry, Republican from Texas, and we're gonna 182 00:09:41,600 --> 00:09:43,839 Speaker 1: ask him about foreign policy. And that's where I want 183 00:09:43,840 --> 00:09:47,000 Speaker 1: to kind of lead here, which is with this Iran 184 00:09:47,440 --> 00:09:51,880 Speaker 1: and sanctions, Secretary of State Mike Pompeo going out and 185 00:09:51,880 --> 00:09:57,080 Speaker 1: and talking publicly about how Iran officials now claimed that 186 00:09:57,120 --> 00:10:00,719 Speaker 1: they've exceeded the limit on uranium and rich This was 187 00:10:00,920 --> 00:10:03,160 Speaker 1: in violation, of course, with the two thousand and fifteen 188 00:10:03,240 --> 00:10:06,480 Speaker 1: j c p o A or the Iran Nuclear Disarmament Deal. 189 00:10:07,360 --> 00:10:12,839 Speaker 1: It's a brazen, brazen, brazen attempt to show that they 190 00:10:12,880 --> 00:10:17,360 Speaker 1: are not in agreement with the Iran nuclear disarmament deal, 191 00:10:17,400 --> 00:10:20,640 Speaker 1: and also that they are now just openly pursuing their 192 00:10:20,760 --> 00:10:25,400 Speaker 1: nuclear ambitions continuing to do so. The political divides are obvious. 193 00:10:25,880 --> 00:10:28,640 Speaker 1: Democrats say that this is a result of the President 194 00:10:28,720 --> 00:10:32,480 Speaker 1: withdrawing from the Iran Nuclear Disarmament Deal. Republicans say that 195 00:10:32,520 --> 00:10:35,080 Speaker 1: this is a temper tantrum of sorts on behalf of 196 00:10:35,160 --> 00:10:39,720 Speaker 1: Tehran for these crippling economic sanctions, and that these sanctions 197 00:10:39,760 --> 00:10:42,680 Speaker 1: have caused Tehran to lash out. I want to play 198 00:10:42,720 --> 00:10:46,360 Speaker 1: for you what Secretary of State Mike Pompeo had to say. 199 00:10:47,000 --> 00:10:49,360 Speaker 1: Take a listen, to what he had to say speaking 200 00:10:49,360 --> 00:10:53,040 Speaker 1: earlier today at a Christians United for Israel summit. We've 201 00:10:53,080 --> 00:10:56,360 Speaker 1: implemented the strongest pressure campaign in history against the Iranian 202 00:10:56,400 --> 00:11:00,439 Speaker 1: regime and we are not done. So sare I mean, 203 00:11:00,640 --> 00:11:04,839 Speaker 1: its at what point do we run out of things? 204 00:11:04,880 --> 00:11:06,920 Speaker 1: To sanctions? That A lot of people have been asking 205 00:11:07,080 --> 00:11:09,520 Speaker 1: very same thing, which is haven't we basically sanctioned? I 206 00:11:09,520 --> 00:11:12,240 Speaker 1: think it's around eight percent of the Iranian economy. The 207 00:11:12,320 --> 00:11:15,040 Speaker 1: real point here is that the what the Iranians are 208 00:11:15,120 --> 00:11:18,360 Speaker 1: doing is they're rashing up their enrichment program because it's 209 00:11:18,360 --> 00:11:20,840 Speaker 1: a way in order to start the clock taking with 210 00:11:21,480 --> 00:11:24,920 Speaker 1: discussions between Europe and the United States about potential types 211 00:11:24,960 --> 00:11:27,240 Speaker 1: of relief, a new deal. They think that they can 212 00:11:27,280 --> 00:11:29,040 Speaker 1: try and break out, especially if you saw it with 213 00:11:29,040 --> 00:11:32,520 Speaker 1: that recent shootdown, that by escalating tensions they'll fear the 214 00:11:32,559 --> 00:11:35,720 Speaker 1: Western alliance and and be able to get some sort 215 00:11:35,720 --> 00:11:38,320 Speaker 1: of deal or some sort of terms. Relatively, I mean, 216 00:11:38,360 --> 00:11:40,280 Speaker 1: I don't think the Europe and the US are on 217 00:11:40,320 --> 00:11:42,360 Speaker 1: the same pages in terms of what to do here. 218 00:11:42,440 --> 00:11:44,280 Speaker 1: That's right, Kevin. That's the real issue is that the 219 00:11:44,280 --> 00:11:47,000 Speaker 1: Europeans never wanted to leave the deal. Germany in particular, 220 00:11:47,040 --> 00:11:49,240 Speaker 1: are abassador. There has been having quite a bit of 221 00:11:49,280 --> 00:11:51,640 Speaker 1: trouble trying to get German companies to pull out of 222 00:11:51,920 --> 00:11:55,800 Speaker 1: already established deals. Are very upset with the Trump administration. However, 223 00:11:55,880 --> 00:11:58,640 Speaker 1: it seems to be backfiring the Iranians because the moment 224 00:11:58,760 --> 00:12:01,480 Speaker 1: they break out and they start enriching more, the moment 225 00:12:01,520 --> 00:12:04,280 Speaker 1: that they shot down an American drone, it really did 226 00:12:04,559 --> 00:12:07,600 Speaker 1: change the calculus on the on the Europeans part because 227 00:12:07,640 --> 00:12:10,280 Speaker 1: they can't exactly go to bat for Iran. But the 228 00:12:10,280 --> 00:12:12,120 Speaker 1: Iranians look at this and they say, you aren't going 229 00:12:12,160 --> 00:12:14,800 Speaker 1: to bat for us anyway. Our economy is completely in 230 00:12:14,840 --> 00:12:16,720 Speaker 1: the tank and we have to do something. I'm gonna 231 00:12:16,800 --> 00:12:19,160 Speaker 1: quote my friend my Bloomberg mentor time to rip up 232 00:12:19,160 --> 00:12:21,240 Speaker 1: the script because soccer is making a good point check 233 00:12:21,440 --> 00:12:24,560 Speaker 1: and that is this that when you look at sort 234 00:12:24,559 --> 00:12:27,400 Speaker 1: of the mainstream how everything is covered in terms of 235 00:12:27,440 --> 00:12:30,240 Speaker 1: the political battle lines, they say that Europe is not 236 00:12:30,400 --> 00:12:33,960 Speaker 1: following the US lead because of the rhetorical approach on 237 00:12:34,000 --> 00:12:37,000 Speaker 1: behalf of the Trump administration. But really what we're talking 238 00:12:37,040 --> 00:12:39,920 Speaker 1: about here is business. We're talking about here is finance 239 00:12:40,240 --> 00:12:44,600 Speaker 1: and energy in particular because Europe's energy involvement with Iran 240 00:12:45,160 --> 00:12:48,520 Speaker 1: is very different of a relationship than the US has 241 00:12:48,720 --> 00:12:52,840 Speaker 1: with the with the energy and in Iran. No, absolutely, Kevin. 242 00:12:52,840 --> 00:12:54,559 Speaker 1: And it's not just saying though for US it's it's 243 00:12:54,559 --> 00:12:57,000 Speaker 1: not just energy, it's all side starts of business deals. 244 00:12:57,000 --> 00:13:00,120 Speaker 1: Remember Boeing itself had a business deal air Bus and 245 00:13:00,160 --> 00:13:04,080 Speaker 1: all these other companies manufacturing contracts chemicals. The Iranian economy 246 00:13:04,080 --> 00:13:08,520 Speaker 1: has been isolated for so long that the European Europeans 247 00:13:08,559 --> 00:13:11,199 Speaker 1: are hungry for the massive market to enter. True. After 248 00:13:11,240 --> 00:13:13,600 Speaker 1: the j c p o A, all these companies were 249 00:13:13,600 --> 00:13:16,120 Speaker 1: flying over to Tehran, They're going through their business contracts. 250 00:13:16,240 --> 00:13:19,360 Speaker 1: They had all these multibillion dollar aspirations. Trump administration just 251 00:13:19,440 --> 00:13:22,400 Speaker 1: pulls the rug out from under that, making them very 252 00:13:22,440 --> 00:13:25,319 Speaker 1: angry and essentially says, hey, North Korea is waiting in 253 00:13:25,320 --> 00:13:27,400 Speaker 1: the wings. Chaco had. The only thing I'd add to 254 00:13:27,440 --> 00:13:30,120 Speaker 1: that is a big picture. The Trump administration at some 255 00:13:30,160 --> 00:13:33,400 Speaker 1: point has to determine when they are comfortable being seen 256 00:13:33,440 --> 00:13:36,920 Speaker 1: as making a deal with Iran. It's very easy politically 257 00:13:37,200 --> 00:13:39,640 Speaker 1: to criticize the previous deal and say that they weren't 258 00:13:39,679 --> 00:13:41,760 Speaker 1: tough enough of on Iran. But you're right that it's 259 00:13:41,760 --> 00:13:45,199 Speaker 1: about eighty percent of Iran's economy that was already sanctioned 260 00:13:45,240 --> 00:13:48,200 Speaker 1: at a certain point, adding only hurts the people rather 261 00:13:48,240 --> 00:13:50,960 Speaker 1: than the regime. Secretary of Pompeio was talking about that 262 00:13:51,000 --> 00:13:55,240 Speaker 1: earlier today speaking at the Christians United for Israel's summit. 263 00:13:55,280 --> 00:13:56,800 Speaker 1: Take a listen to what else you had to say. 264 00:13:56,960 --> 00:14:00,320 Speaker 1: We've cut off billions and funds that the Islamical public 265 00:14:00,320 --> 00:14:03,680 Speaker 1: Iron's leadership would have used for various nefarious purposes, not 266 00:14:03,840 --> 00:14:05,840 Speaker 1: the least of which would have been their efforts to 267 00:14:05,960 --> 00:14:09,280 Speaker 1: destroy the state of Israel. Jack I was talking about 268 00:14:09,280 --> 00:14:11,160 Speaker 1: this a little bit over the weekend on MSNBC. But 269 00:14:11,640 --> 00:14:16,000 Speaker 1: I'm curious for what you're hearing from Democrats in Congress, 270 00:14:16,080 --> 00:14:19,120 Speaker 1: because with the exception it's al C Gabbard, the loan exception, 271 00:14:19,400 --> 00:14:22,200 Speaker 1: there doesn't really seem to be that much difference in 272 00:14:22,280 --> 00:14:24,840 Speaker 1: terms of all of the Democrats who are campaigning for 273 00:14:24,880 --> 00:14:27,080 Speaker 1: president how they would deal with the RN. No one's 274 00:14:27,080 --> 00:14:30,280 Speaker 1: saying that Iran should have a nuclear weapon. Really, the 275 00:14:30,280 --> 00:14:32,800 Speaker 1: fight that we're the political fight that we're having, is 276 00:14:32,920 --> 00:14:36,160 Speaker 1: over keep Iran from having a nuclear weapon, right and 277 00:14:36,200 --> 00:14:38,440 Speaker 1: in Congress, I think it's a pretty similar dynamic to 278 00:14:38,480 --> 00:14:42,120 Speaker 1: what you've seen from the presidential candidates on the Democratic side. One, 279 00:14:42,400 --> 00:14:45,840 Speaker 1: there's just skepticism of anything the Trump administration is going 280 00:14:45,880 --> 00:14:51,040 Speaker 1: to do. Too, there is some reflexive defensiveness about anything 281 00:14:51,080 --> 00:14:55,680 Speaker 1: that the Obama administration accomplished. And three, there is, as 282 00:14:55,680 --> 00:14:58,400 Speaker 1: I said, concern on the on the Trump administration as 283 00:14:58,400 --> 00:15:01,720 Speaker 1: to whether are you trying are you going for regime 284 00:15:01,800 --> 00:15:04,760 Speaker 1: change and something that would destabilize the Middle East, or 285 00:15:04,760 --> 00:15:07,960 Speaker 1: do you have a cific goal that you can communicate 286 00:15:08,000 --> 00:15:10,360 Speaker 1: to Congress and say, all right, this is where we 287 00:15:10,400 --> 00:15:12,760 Speaker 1: would have a deal with Iran. This is how much 288 00:15:12,920 --> 00:15:16,200 Speaker 1: we need to do adding sanctions before we feel we've 289 00:15:16,440 --> 00:15:19,680 Speaker 1: actually accomplished something. That's that's the real thing. Nobody actually 290 00:15:19,680 --> 00:15:21,640 Speaker 1: knows what President Trump wants out of this prota. The 291 00:15:21,680 --> 00:15:23,480 Speaker 1: administration is laid out. They called like, I think he's 292 00:15:23,560 --> 00:15:25,640 Speaker 1: the ten or twelve points the things that the Iranians 293 00:15:25,840 --> 00:15:27,280 Speaker 1: need to do to be able to bring a table 294 00:15:27,480 --> 00:15:29,800 Speaker 1: and we'll talk about a new deal whenever it comes 295 00:15:29,840 --> 00:15:31,720 Speaker 1: to Congress and wherever comes to President Trump, he says, 296 00:15:31,760 --> 00:15:35,120 Speaker 1: I'll talk no preconditions whatsoever. Bit out of step with 297 00:15:35,120 --> 00:15:39,120 Speaker 1: his own administration. Yeah, the the inconsistency there, uh, those 298 00:15:39,240 --> 00:15:42,080 Speaker 1: ten or twelve bullet points also are are a lot, 299 00:15:42,160 --> 00:15:44,760 Speaker 1: and I don't know if you can necessarily get Europe 300 00:15:44,800 --> 00:15:48,640 Speaker 1: and all the global allies that you rallied around the 301 00:15:48,680 --> 00:15:52,280 Speaker 1: original Iran deal to back up with the Trump administration. 302 00:15:52,520 --> 00:15:54,720 Speaker 1: Coming up, we're gonna talk more about this with Congressman 303 00:15:54,920 --> 00:15:59,200 Speaker 1: Mac Thornberry, the Republican from Texas. Sour Peo tells me 304 00:15:59,240 --> 00:16:01,760 Speaker 1: he's running a little late, so we'll we'll bring you 305 00:16:01,760 --> 00:16:04,040 Speaker 1: when he calls in, We'll we'll bring that to you 306 00:16:04,240 --> 00:16:06,600 Speaker 1: as it happens. We're also going to talk about twenty 307 00:16:06,600 --> 00:16:09,920 Speaker 1: we were touching on that panel stage. Jack Fitzpatrick, Bloomberg 308 00:16:09,960 --> 00:16:13,880 Speaker 1: Government congressional reporter, Sagern and Jetty, chief Washington correspondent and 309 00:16:13,880 --> 00:16:17,960 Speaker 1: host for Hill TV. I'm Kevin CURRELLI Chief Washington correspondent 310 00:16:18,000 --> 00:16:21,200 Speaker 1: for Bloomberg Television and Bloomberg Radio. You can download the 311 00:16:21,280 --> 00:16:24,640 Speaker 1: sound on podcast on Apple iTunes, at Bloomberg dot com, 312 00:16:24,760 --> 00:16:27,920 Speaker 1: or by downloading the Bloomberg Business app. You can also 313 00:16:27,960 --> 00:16:31,400 Speaker 1: find us on Radio dot com, I Heart Radio, and Spotify, 314 00:16:31,520 --> 00:16:34,840 Speaker 1: and of course, of course on the Bloomberg terminal. You're 315 00:16:34,840 --> 00:16:42,440 Speaker 1: listening to Bloomberg, You're listening to Sound On with Givin 316 00:16:42,520 --> 00:16:46,720 Speaker 1: surreally on Bloomberg one and one oh five point seven 317 00:16:46,760 --> 00:16:49,920 Speaker 1: of m h D two Baltimore. I'm Kevin CURRELLI chief 318 00:16:49,960 --> 00:16:53,920 Speaker 1: Washington correspondent for Bloomberg Television and Bloomberg Radio. We're thrilled 319 00:16:53,960 --> 00:16:56,280 Speaker 1: to be joined now by the ranking member of the 320 00:16:56,320 --> 00:17:00,600 Speaker 1: House Armed Services Committee, Congressman mac Thorn Mary. He is 321 00:17:00,640 --> 00:17:04,520 Speaker 1: a Republican from Texas. Congressman, thanks so much for for 322 00:17:04,600 --> 00:17:07,359 Speaker 1: coming on. We appreciate it. I will take on what's 323 00:17:07,359 --> 00:17:10,200 Speaker 1: going on at this situation in Iran. Earlier in the show, 324 00:17:10,280 --> 00:17:14,200 Speaker 1: we were talking about Secretary of State Mike Pompeo, who's 325 00:17:14,240 --> 00:17:17,879 Speaker 1: talking that he believes those those criticans on Tehran have 326 00:17:18,040 --> 00:17:22,480 Speaker 1: been working. We're also getting news that Iran officials now 327 00:17:22,520 --> 00:17:26,560 Speaker 1: claim they've exceeded the limit on uranium enrichment, violating that 328 00:17:27,800 --> 00:17:32,159 Speaker 1: nuclear disarmament deal that the administration pulled out of. I 329 00:17:32,200 --> 00:17:37,240 Speaker 1: think the sanctions have been effective on Iran UM and 330 00:17:37,480 --> 00:17:41,600 Speaker 1: Iran in some ways is following the playbook of North Korea, 331 00:17:42,119 --> 00:17:46,920 Speaker 1: that is to gin up a crisis, increased tensions and 332 00:17:47,040 --> 00:17:50,440 Speaker 1: hope that the other countries, in this case Europe and 333 00:17:50,480 --> 00:17:53,159 Speaker 1: the United States will be so conc about what they 334 00:17:53,200 --> 00:17:55,720 Speaker 1: may do that they will come in with some sort 335 00:17:55,720 --> 00:17:59,480 Speaker 1: of relief package, such as an easing of sanctions without 336 00:17:59,560 --> 00:18:03,040 Speaker 1: Iran having to make any real changes to their nuclear 337 00:18:03,160 --> 00:18:06,479 Speaker 1: missile program. So I think we're seeing this ratchet up 338 00:18:06,520 --> 00:18:09,639 Speaker 1: sanctions and see what it can get. You sort of 339 00:18:09,680 --> 00:18:12,920 Speaker 1: approach Congress and mac Thornberry joins us. He's the top 340 00:18:12,960 --> 00:18:16,920 Speaker 1: Republican on the House Armed Services Committee. Of Republican from 341 00:18:17,000 --> 00:18:20,960 Speaker 1: Texas Congressman. You mentioned North Korea in terms of what 342 00:18:21,000 --> 00:18:24,040 Speaker 1: we've seen from President Trump within the last couple of weeks, 343 00:18:24,080 --> 00:18:28,639 Speaker 1: of course, making that historic visit to North Korea, and 344 00:18:28,720 --> 00:18:31,040 Speaker 1: you mentioned that they might be taken that Iran might 345 00:18:31,040 --> 00:18:34,840 Speaker 1: be taking a page out of North Korea's playbook. How 346 00:18:34,880 --> 00:18:37,400 Speaker 1: does this all fit together? Because folks in their car 347 00:18:37,520 --> 00:18:40,119 Speaker 1: on their way home from work today, returning from the 348 00:18:40,119 --> 00:18:44,040 Speaker 1: holiday weekend, are looking at the geopolitics in that region 349 00:18:44,080 --> 00:18:46,840 Speaker 1: in particular, and there's a lot of uneasiness. How does 350 00:18:46,880 --> 00:18:50,480 Speaker 1: this all come together? I think it comes together in 351 00:18:50,600 --> 00:18:54,240 Speaker 1: a couple of ways. One is North Korea and Iran 352 00:18:54,680 --> 00:18:59,480 Speaker 1: are both outlier nations that are testing us and our 353 00:18:59,520 --> 00:19:01,879 Speaker 1: ally to see what they can get away with, to 354 00:19:02,040 --> 00:19:06,280 Speaker 1: see how they can improve their position. Secondly, I think 355 00:19:06,280 --> 00:19:10,119 Speaker 1: in both cases President Trump has really been over backwards 356 00:19:10,160 --> 00:19:14,399 Speaker 1: to give negotiations a chance. He has this friendly back 357 00:19:14,440 --> 00:19:17,960 Speaker 1: and forth with Kim Jong un. He did not use 358 00:19:18,800 --> 00:19:23,320 Speaker 1: have a kinetic response when Iran shot down our unmanned drone, 359 00:19:23,840 --> 00:19:26,320 Speaker 1: So he kind of been over backwards to see if 360 00:19:26,400 --> 00:19:30,760 Speaker 1: negotiations can can goetware. But I think the third commonality 361 00:19:30,800 --> 00:19:34,800 Speaker 1: is in both cases that the bottom line of what 362 00:19:34,920 --> 00:19:39,200 Speaker 1: gets their attention, what has their respect is is hard 363 00:19:39,480 --> 00:19:43,760 Speaker 1: military power. I don't think it was a coincidence that 364 00:19:43,920 --> 00:19:48,720 Speaker 1: this last escalation in Iran where they started bombing I mean, uh, 365 00:19:48,880 --> 00:19:52,360 Speaker 1: mining tankers, occurred when we did not have a carrier 366 00:19:52,400 --> 00:19:54,840 Speaker 1: in the Persian Gulf. We we didn't have enough, and 367 00:19:54,880 --> 00:19:56,880 Speaker 1: so there was a period of several weeks there where 368 00:19:56,880 --> 00:20:00,439 Speaker 1: we didn't have a carrier. Both countries, UH, Iran and 369 00:20:00,520 --> 00:20:06,879 Speaker 1: North Korea respect and watch carefully our military power. And 370 00:20:06,880 --> 00:20:08,720 Speaker 1: and I think it makes now this is Uh, we're 371 00:20:08,720 --> 00:20:10,400 Speaker 1: talking to someone who knows a thing or two about 372 00:20:10,400 --> 00:20:13,480 Speaker 1: foreign policy. He served it. You served as the deputy 373 00:20:13,520 --> 00:20:18,080 Speaker 1: Assistant Secretary of State for Legislative Affairs under Ronald Reagan. 374 00:20:18,680 --> 00:20:22,040 Speaker 1: Ronald Reagan, Right, that is that true? Uh, that's true. 375 00:20:22,200 --> 00:20:26,480 Speaker 1: I was very young. Uh and uh, but and and 376 00:20:26,480 --> 00:20:28,679 Speaker 1: and was just there towards the end of the Reagan administration. 377 00:20:28,720 --> 00:20:31,639 Speaker 1: But what an education to work with Secretary George George 378 00:20:31,680 --> 00:20:37,440 Speaker 1: Schultz and uh to see how what is possible from 379 00:20:38,160 --> 00:20:41,399 Speaker 1: a approach of peace through strength. You know, our times 380 00:20:41,400 --> 00:20:45,480 Speaker 1: have changed, our adversaries have changed, but the basic philosophy, 381 00:20:45,520 --> 00:20:49,080 Speaker 1: whether you're dealing with Iran, North Korea, China, Russia, whoever 382 00:20:49,480 --> 00:20:52,399 Speaker 1: of peace sue strength, still has a lot of application. 383 00:20:52,640 --> 00:20:54,919 Speaker 1: You know. It's it's interesting because when you when you 384 00:20:54,960 --> 00:20:57,040 Speaker 1: put on your constituent cap for a second, you know 385 00:20:57,080 --> 00:20:59,359 Speaker 1: we're talking about something whatnot. But I want to pivot 386 00:20:59,400 --> 00:21:01,520 Speaker 1: to trade, Paul, see because you you also grew up 387 00:21:01,520 --> 00:21:03,879 Speaker 1: on a ranch. And when I'm curious for what you 388 00:21:04,000 --> 00:21:08,200 Speaker 1: hear from your constituents on how the president's trade negotiations 389 00:21:08,240 --> 00:21:12,840 Speaker 1: are impacting some of your constituents, especially in the agricultural Uh, 390 00:21:12,880 --> 00:21:16,800 Speaker 1: in the agricultural community, Oh, it definitely hurts. Uh. You know, 391 00:21:16,840 --> 00:21:20,520 Speaker 1: President Trump, I think still has a tremendous amount of 392 00:21:20,560 --> 00:21:26,120 Speaker 1: political support from farmers, ranchers, other folks in my district. 393 00:21:26,440 --> 00:21:30,359 Speaker 1: But there's no question that whether it's other commodities being 394 00:21:30,400 --> 00:21:34,600 Speaker 1: pride pressed as a result of these trade disputes. I 395 00:21:34,640 --> 00:21:37,400 Speaker 1: think most of my folks are willing to give him 396 00:21:37,560 --> 00:21:40,800 Speaker 1: the benefit of the doubt in some time to hopefully 397 00:21:40,840 --> 00:21:44,200 Speaker 1: reach some new trade agreements. Uh. It's having an effect 398 00:21:44,280 --> 00:21:47,760 Speaker 1: on the pocket books across Middle America. And you've got 399 00:21:47,840 --> 00:21:50,480 Speaker 1: the big vote this week, I believe this week on 400 00:21:50,640 --> 00:21:53,040 Speaker 1: the Defense re Authorization Bill. What's gonna give us a 401 00:21:53,080 --> 00:21:56,399 Speaker 1: preview of that? What can we expect? Well, Uh, several 402 00:21:56,480 --> 00:22:00,639 Speaker 1: hundred amendments have been filed, and so the question is 403 00:22:00,800 --> 00:22:04,000 Speaker 1: do does the bill get better or worse? From at 404 00:22:04,080 --> 00:22:07,840 Speaker 1: least my perspective as far as how the final vote 405 00:22:07,840 --> 00:22:13,000 Speaker 1: comes out on Friday, I think in a in synopsis, UH, 406 00:22:13,200 --> 00:22:18,680 Speaker 1: we cut defense budgets by about over the last several years. Uh, 407 00:22:18,720 --> 00:22:22,159 Speaker 1: in the last two years with while President Trump's been 408 00:22:22,200 --> 00:22:24,440 Speaker 1: in office, we math of that amount. So the key 409 00:22:24,520 --> 00:22:27,480 Speaker 1: question for me is do we continue to make progress 410 00:22:28,160 --> 00:22:32,399 Speaker 1: or do we start to backslide? And whether you're North Korea, China, 411 00:22:32,600 --> 00:22:35,639 Speaker 1: or Ran or whoever, you're watching these debates because it 412 00:22:35,720 --> 00:22:39,280 Speaker 1: tells you something about the United States willingness to stand 413 00:22:39,359 --> 00:22:43,320 Speaker 1: up and defend ourselves. So it's important about to treat 414 00:22:43,359 --> 00:22:46,840 Speaker 1: the troops. Right, it's important on what the amount of 415 00:22:46,880 --> 00:22:49,760 Speaker 1: money can buy, how many planes and ships and so forth, 416 00:22:50,000 --> 00:22:52,720 Speaker 1: but it's also important in the message it sends to 417 00:22:52,760 --> 00:22:57,560 Speaker 1: the world about our commitment to defending ourselves and our allies. 418 00:22:57,840 --> 00:23:00,680 Speaker 1: Congressman mac Thornberry's on the line is the top Republican 419 00:23:00,760 --> 00:23:04,399 Speaker 1: on the House for House Armed Services Committee. It's mouthful 420 00:23:04,440 --> 00:23:09,080 Speaker 1: House Armed Services Committee. He represents Texas US District thirteen, 421 00:23:09,119 --> 00:23:14,879 Speaker 1: Northern Texas, Northern Texas, spanning the northern UH portion of 422 00:23:14,920 --> 00:23:16,359 Speaker 1: the state. Before I let you go, and you've been 423 00:23:16,400 --> 00:23:18,880 Speaker 1: so generous to Bloomberg today with your time. We are 424 00:23:19,359 --> 00:23:22,439 Speaker 1: very very much appreciated of that. But this, this this 425 00:23:22,520 --> 00:23:24,960 Speaker 1: immigration debate, I mean, I want to stay away from 426 00:23:24,960 --> 00:23:27,280 Speaker 1: the partisan back and forth and I want to really 427 00:23:27,320 --> 00:23:31,480 Speaker 1: focus on solution here because when I interviewed Republicans and 428 00:23:31,480 --> 00:23:37,360 Speaker 1: when I interviewed Democrats, there there there's it's it's unsettling, unsettling, 429 00:23:37,440 --> 00:23:40,640 Speaker 1: for lack of a better word, seeing how these these 430 00:23:40,720 --> 00:23:45,280 Speaker 1: kids are being kept in UH, in these in these abilities. 431 00:23:45,560 --> 00:23:48,640 Speaker 1: I'm curious, is there going to be any short term, 432 00:23:48,680 --> 00:23:52,280 Speaker 1: immediate solution to alleviate some of this some of this pain. 433 00:23:53,680 --> 00:23:58,359 Speaker 1: I wish I could alleviate some of your anxiety and say, yes, 434 00:23:59,280 --> 00:24:02,200 Speaker 1: I think it is eminently possible. But when it comes 435 00:24:02,240 --> 00:24:05,879 Speaker 1: to all of these immigration issues, of the things that 436 00:24:05,920 --> 00:24:08,679 Speaker 1: need to be done are agreed to by people on 437 00:24:08,760 --> 00:24:13,159 Speaker 1: both sides of the aisle. Unfortunately, it's it's the small 438 00:24:13,280 --> 00:24:16,880 Speaker 1: percentage that is the tail wagging the dog right now. 439 00:24:17,600 --> 00:24:21,879 Speaker 1: And uh, I'm afraid both sides a political benefit to 440 00:24:21,960 --> 00:24:25,800 Speaker 1: continuing the controversy. But as you point out, there are 441 00:24:25,880 --> 00:24:29,440 Speaker 1: victims here uh films we've been seeing uh in these 442 00:24:29,480 --> 00:24:32,920 Speaker 1: detention centers. You know, some of the victims are inside 443 00:24:32,960 --> 00:24:36,800 Speaker 1: the country who uh have have suffered loss as a 444 00:24:36,840 --> 00:24:39,280 Speaker 1: result of people who should not have been in the country. 445 00:24:39,520 --> 00:24:42,000 Speaker 1: That there's a lot and and and and there are 446 00:24:42,080 --> 00:24:46,400 Speaker 1: victims all in between with the traffickers and everything that 447 00:24:46,400 --> 00:24:50,000 Speaker 1: that's happening from Central America all through Mexico. You know, 448 00:24:50,200 --> 00:24:53,119 Speaker 1: I'll continue to hope and do what I can to 449 00:24:53,200 --> 00:24:57,320 Speaker 1: push getting that seventy five percent solution because I think 450 00:24:57,440 --> 00:25:00,480 Speaker 1: that will help and give us momentum to get the 451 00:25:00,560 --> 00:25:04,000 Speaker 1: other issues on the way to resolution. All Right, Congressman 452 00:25:04,080 --> 00:25:07,159 Speaker 1: mc thornberry, Republican from Texas, he's joining us live in 453 00:25:07,200 --> 00:25:10,000 Speaker 1: our new year's Congressman. I appreciate the time very very much. 454 00:25:10,000 --> 00:25:12,040 Speaker 1: Thanks for coming on, appreciate it, Thanks for having me. 455 00:25:12,119 --> 00:25:16,600 Speaker 1: Kevin coming up. We talked to election campaign swalwells out. 456 00:25:16,840 --> 00:25:19,960 Speaker 1: Swalwell has dropped out of the race. We're gonna get 457 00:25:20,160 --> 00:25:23,240 Speaker 1: all star reaction from an all star panel. Jack Fittspatrick, 458 00:25:23,280 --> 00:25:26,760 Speaker 1: Sager and Jetty And I'm Kevin Serelli, Chief Washington correspondent 459 00:25:26,800 --> 00:25:30,159 Speaker 1: for Bloomberg TV and Bloomberg Radio. And you're listening to Bloomberg. 460 00:25:33,280 --> 00:25:37,480 Speaker 1: You're listening to Sound On with Kevin's really on Bloomberg 461 00:25:38,320 --> 00:25:40,480 Speaker 1: one and one oh five point seven of m h 462 00:25:40,600 --> 00:25:45,680 Speaker 1: D two Baltimore. I'm Kevin Currelli, chief Washington correspondent for 463 00:25:45,720 --> 00:25:49,879 Speaker 1: Bloomberg Television and Bloomberg Radio. We're talking all things politics 464 00:25:49,880 --> 00:25:54,000 Speaker 1: and policy with Jack Fitzpatrick, Bloomberg Government congressional reporter, and 465 00:25:54,040 --> 00:25:57,480 Speaker 1: Sager and Jetty, chief Washington correspondent host for The Hill TV. 466 00:25:57,600 --> 00:26:01,600 Speaker 1: He had that phenomenal, phenomenal news making interview with President 467 00:26:01,600 --> 00:26:03,719 Speaker 1: Trump the other week. Um, We're thrilled to have him 468 00:26:03,760 --> 00:26:08,359 Speaker 1: on the show. The the second quarter fundraising numbers for 469 00:26:08,400 --> 00:26:14,199 Speaker 1: the presidential race are trickling. In Senator Elizabeth Warren shattering record, 470 00:26:14,240 --> 00:26:18,920 Speaker 1: I mean shattering expectations. Rather eighteen point one million dollars 471 00:26:19,040 --> 00:26:22,119 Speaker 1: she raised in the second quarter. She beat Bernie. I 472 00:26:22,119 --> 00:26:24,919 Speaker 1: mean she beat Bernie Sanders just slightly. He was hovering. 473 00:26:24,960 --> 00:26:27,800 Speaker 1: I believe that like around the same mark uh for 474 00:26:27,840 --> 00:26:30,919 Speaker 1: the second quarter, but they're jockeying for the same vote 475 00:26:30,920 --> 00:26:34,879 Speaker 1: now it's still behind. I believe Pete Buddha Jedge kind 476 00:26:34,880 --> 00:26:37,000 Speaker 1: of beat everybody out of the water. He got like 477 00:26:37,040 --> 00:26:41,080 Speaker 1: twenty plus mill and then Biden, I believe reportedly is 478 00:26:41,080 --> 00:26:43,199 Speaker 1: going to have somewhere around the twenty million mark. So 479 00:26:43,760 --> 00:26:47,680 Speaker 1: I mean Kamala Harris, Senator Kamala Harris, she got twelve mill. 480 00:26:48,560 --> 00:26:50,920 Speaker 1: But saga, I mean in terms of the money race, 481 00:26:51,000 --> 00:26:53,080 Speaker 1: where do you? What do you? How are you sizing 482 00:26:53,119 --> 00:26:56,080 Speaker 1: everybody up? Let me turn on your mind? That would 483 00:26:56,080 --> 00:26:58,959 Speaker 1: help I do. I do host show. But it's important 484 00:26:58,960 --> 00:27:00,480 Speaker 1: to look at the numbers and also look at the 485 00:27:00,520 --> 00:27:02,800 Speaker 1: basis of both people, because we like to think that 486 00:27:02,800 --> 00:27:06,400 Speaker 1: Elizabeth Warren and Bernie share the same base, but it's 487 00:27:06,400 --> 00:27:09,199 Speaker 1: not necessarily true. With Elizabeth Warren they have much more 488 00:27:09,240 --> 00:27:12,560 Speaker 1: of an upper middle class, more educated liberal, where with 489 00:27:12,680 --> 00:27:17,480 Speaker 1: Sanders it's a working class, a working class Democratic liberals 490 00:27:17,520 --> 00:27:21,720 Speaker 1: so different. Such an important and important point, especially as 491 00:27:21,760 --> 00:27:24,919 Speaker 1: the race continues, and especially when the polls start asking 492 00:27:24,920 --> 00:27:28,760 Speaker 1: who folks number two choices and whatnot? Go ahead, sorry, no, no, 493 00:27:28,920 --> 00:27:31,560 Speaker 1: but but that point is to be understood, which is, yes, 494 00:27:31,560 --> 00:27:33,960 Speaker 1: the nineteen point one million is there. However, I believe 495 00:27:33,960 --> 00:27:36,399 Speaker 1: it's a Washington Post poll that just came out today. 496 00:27:36,440 --> 00:27:40,560 Speaker 1: Elizabeth warrens at Bernie Sanders. So yes, there are other 497 00:27:40,600 --> 00:27:43,159 Speaker 1: polls are showing her that are that are skyrocketing. But 498 00:27:43,359 --> 00:27:45,880 Speaker 1: the hall from her is not surprising given that she's 499 00:27:45,960 --> 00:27:48,960 Speaker 1: having her breakout Moment's got such a wealthy base of 500 00:27:49,040 --> 00:27:50,960 Speaker 1: people who love which is I don't think she's had 501 00:27:50,960 --> 00:27:53,000 Speaker 1: her break I'm gonna respectfully it isn't please. I don't 502 00:27:53,000 --> 00:27:55,400 Speaker 1: think she's had her breakout moment yet. I think she's 503 00:27:55,400 --> 00:27:58,680 Speaker 1: playing this like slow and steady marathon. I think Kamala 504 00:27:58,680 --> 00:28:01,040 Speaker 1: Harris had the breakout moment. But Jack, I mean, I 505 00:28:01,040 --> 00:28:03,239 Speaker 1: think Elizabeth Warren's in this for the long haul, and 506 00:28:03,320 --> 00:28:08,280 Speaker 1: she can't. This is what's fascinating. She she criticizes the 507 00:28:08,320 --> 00:28:12,320 Speaker 1: big banks, uh, and she can't really race from the 508 00:28:12,400 --> 00:28:15,080 Speaker 1: big banks. She can't be like you know, earning in 509 00:28:15,119 --> 00:28:17,440 Speaker 1: the big the big dollar donors. Yeah, well, that's one 510 00:28:17,480 --> 00:28:21,040 Speaker 1: thing that makes a huge fundraising hall impressive for her 511 00:28:21,080 --> 00:28:25,240 Speaker 1: because it is a very grassroots number that she brought in. 512 00:28:25,840 --> 00:28:28,160 Speaker 1: I agree with you that I don't think she had 513 00:28:28,200 --> 00:28:31,800 Speaker 1: her moment that skyrocketed her up. She's been increasing in 514 00:28:31,840 --> 00:28:35,080 Speaker 1: the polls, and the fundraising hall probably backs that up. 515 00:28:35,520 --> 00:28:38,600 Speaker 1: But I think the expectations were so high for her 516 00:28:38,640 --> 00:28:42,000 Speaker 1: heading into the first debate that she probably didn't benefit 517 00:28:42,080 --> 00:28:43,920 Speaker 1: as much as she could have, just because she was 518 00:28:43,960 --> 00:28:47,320 Speaker 1: already seen as being so bright. I guess breakout moment 519 00:28:47,440 --> 00:28:49,280 Speaker 1: wasn't the best source of words. But the way I 520 00:28:49,280 --> 00:28:50,720 Speaker 1: would look at it as it is because she's got 521 00:28:50,840 --> 00:28:53,280 Speaker 1: I've got the plan for that great branding. For the 522 00:28:53,320 --> 00:28:55,560 Speaker 1: same time from from the people I hear, she's got 523 00:28:55,600 --> 00:28:58,640 Speaker 1: a great ground team who was just all over And 524 00:28:58,680 --> 00:29:00,760 Speaker 1: I have to say, as somebody covers this, and I'll 525 00:29:00,760 --> 00:29:02,320 Speaker 1: talk to a lot of political reporters, a lot of 526 00:29:02,360 --> 00:29:04,360 Speaker 1: them tell me one of the best people on the 527 00:29:04,360 --> 00:29:06,720 Speaker 1: stump is Elizabeth Warren, and a lot of these in 528 00:29:06,760 --> 00:29:09,040 Speaker 1: a lot of these events that she just brings the 529 00:29:09,080 --> 00:29:12,600 Speaker 1: house down in In comparison to Bernie Sanders, so I'm 530 00:29:12,600 --> 00:29:15,160 Speaker 1: not surprised to see her bring in that hall. On 531 00:29:15,200 --> 00:29:17,600 Speaker 1: the Kamala Harris point, it is also important to the 532 00:29:17,600 --> 00:29:20,080 Speaker 1: eleven million is not where she needs to be to 533 00:29:20,120 --> 00:29:23,560 Speaker 1: compete in the sector. But with the with the increasing 534 00:29:24,120 --> 00:29:26,440 Speaker 1: going into that second debate, that number could pump up. 535 00:29:26,480 --> 00:29:29,280 Speaker 1: There was this ABC News Washington Post pull out over 536 00:29:29,320 --> 00:29:32,160 Speaker 1: the weekend and it shows that former Vice President Joe 537 00:29:32,160 --> 00:29:35,240 Speaker 1: Biden is the only candidate with a clear edge, a 538 00:29:35,320 --> 00:29:39,240 Speaker 1: clear edge over President Trump and a general election matchup. 539 00:29:39,280 --> 00:29:40,960 Speaker 1: Now their neck and neck and I don't you know, 540 00:29:41,000 --> 00:29:43,120 Speaker 1: if you're listening to their neck and neck and their 541 00:29:43,120 --> 00:29:45,800 Speaker 1: swing states, I hear you. But the ABC News Washington 542 00:29:45,840 --> 00:29:48,880 Speaker 1: Post poll shows that Biden really is right now the 543 00:29:48,960 --> 00:29:52,600 Speaker 1: only UH candidate who would beat Trump and according to 544 00:29:52,640 --> 00:29:55,880 Speaker 1: this poll, leading the president by ten points ten points 545 00:29:56,240 --> 00:30:01,280 Speaker 1: amongst her voters. Warren Harris, Sanders, Buddha jedge there in 546 00:30:01,360 --> 00:30:04,920 Speaker 1: like a neck and neck race as well. So Senator 547 00:30:04,960 --> 00:30:11,280 Speaker 1: Kamala Harris was on the campaign trail in South Carolina 548 00:30:11,920 --> 00:30:15,920 Speaker 1: on Monday earlier today. Take a listen to what she said, 549 00:30:16,160 --> 00:30:18,520 Speaker 1: as with the backdrop of this poll here, she is 550 00:30:19,120 --> 00:30:27,080 Speaker 1: fully intend to win this election. I did she's in 551 00:30:27,120 --> 00:30:30,280 Speaker 1: it to win it. Jack. Yeah, Well, that's a relevant 552 00:30:30,320 --> 00:30:32,440 Speaker 1: question for a lot of the people running. Because it's 553 00:30:32,440 --> 00:30:34,880 Speaker 1: such a big group, you have to eventually start to 554 00:30:34,920 --> 00:30:37,880 Speaker 1: ask yourself who's running, Like a VP candidate who wants 555 00:30:38,360 --> 00:30:43,080 Speaker 1: a spot running a department under potentially a Biden administration 556 00:30:43,160 --> 00:30:47,240 Speaker 1: or whatever it might be. Uh. She maybe took a 557 00:30:47,360 --> 00:30:52,360 Speaker 1: risk by kind of throwing a punch figuratively at Biden 558 00:30:52,720 --> 00:30:57,440 Speaker 1: on his stance previously on bussing. Uh. She got attention 559 00:30:57,520 --> 00:31:00,720 Speaker 1: for that. She forced Biden to essentially camp pain against 560 00:31:00,720 --> 00:31:04,360 Speaker 1: her rather than keeping the focus on him and Trump. Uh. 561 00:31:04,400 --> 00:31:07,880 Speaker 1: And personality. It's personality driven that fight, right, Sager. And 562 00:31:08,160 --> 00:31:11,680 Speaker 1: what Warren's doing is saying, let's have a policy fight. 563 00:31:11,800 --> 00:31:14,040 Speaker 1: So that's that's that's why I feel like as as 564 00:31:14,040 --> 00:31:16,200 Speaker 1: they start to drop off. And Eric Swalwell, if you're 565 00:31:16,240 --> 00:31:19,680 Speaker 1: just joining us, announced earlier this afternoon that he will 566 00:31:19,840 --> 00:31:23,640 Speaker 1: seek reelection in his Northern California congressional district, he is 567 00:31:23,680 --> 00:31:26,640 Speaker 1: not going to be continuing his run. Swalwell was the 568 00:31:26,640 --> 00:31:29,080 Speaker 1: one who challenged Biden with the torch comment in Miami 569 00:31:29,120 --> 00:31:32,040 Speaker 1: member past. The torch was like, oh, someone went out 570 00:31:32,080 --> 00:31:34,360 Speaker 1: to Biden like two minutes later, you've got Harris with 571 00:31:34,440 --> 00:31:36,560 Speaker 1: like the Ko with Biden. You could have heard a 572 00:31:36,600 --> 00:31:39,640 Speaker 1: pin drop down there. Anyway, stay on point, keV. But 573 00:31:40,120 --> 00:31:42,360 Speaker 1: Warren's playing this long game of trying to draw a 574 00:31:42,400 --> 00:31:45,840 Speaker 1: contrast in policy. No, yeah, it's about branding a niche. 575 00:31:45,880 --> 00:31:48,280 Speaker 1: So with with Elizabeth Warren, it's I've got a plan 576 00:31:48,360 --> 00:31:50,880 Speaker 1: for that. With Bernie, it's a political revolution. Now, Kamala 577 00:31:50,920 --> 00:31:54,040 Speaker 1: Harris and Joe Biden are fighting for that more neo 578 00:31:54,120 --> 00:31:57,280 Speaker 1: liberal establishment type voter. And the thing is too important 579 00:31:57,280 --> 00:31:59,680 Speaker 1: with Kamala Harrison with Biden is that for those types 580 00:31:59,720 --> 00:32:01,680 Speaker 1: of ters, one of the number one things in this 581 00:32:01,800 --> 00:32:05,000 Speaker 1: primary is elected to build list. A lot of buying support. 582 00:32:05,240 --> 00:32:07,920 Speaker 1: Maybe even Kamala Harris's support are people who are like, 583 00:32:07,960 --> 00:32:10,160 Speaker 1: you know that maybe not my first choice, but this 584 00:32:10,200 --> 00:32:12,040 Speaker 1: is somebody that I was President Trump. It's one of 585 00:32:12,040 --> 00:32:15,720 Speaker 1: the first times electability is a chief concern in a primary, 586 00:32:15,800 --> 00:32:18,440 Speaker 1: not necessarily the case. All right, we've got like a 587 00:32:18,440 --> 00:32:21,680 Speaker 1: minute and a half left. But this, this Jeffrey Epstein 588 00:32:22,480 --> 00:32:25,880 Speaker 1: story is just it's disgusting. I mean, it's it's really 589 00:32:25,880 --> 00:32:29,000 Speaker 1: really it's awful. I mean, if you if you haven't 590 00:32:29,000 --> 00:32:32,120 Speaker 1: been following this Uh, he's a billionaire and he was 591 00:32:32,160 --> 00:32:35,560 Speaker 1: just indicted today, I believe on a host of different 592 00:32:35,720 --> 00:32:40,240 Speaker 1: charges relating to pedophilia, but it has this political connection 593 00:32:40,400 --> 00:32:43,160 Speaker 1: to the Labor Department. Uh, Sager, you were, we were 594 00:32:43,160 --> 00:32:45,760 Speaker 1: talking about this in the break just very quickly. I mean, 595 00:32:46,280 --> 00:32:49,640 Speaker 1: I'm reading from Politico. The headline up Politico by Anita 596 00:32:49,720 --> 00:32:53,160 Speaker 1: Kumar and Daniel Lippman, who's a great friend of the program, saying, quote, 597 00:32:53,160 --> 00:32:57,160 Speaker 1: the next seventy two hours are critical for Acosta. They 598 00:32:57,160 --> 00:33:01,240 Speaker 1: are absolutely critical. That we've known since November that Secretary Acasso, 599 00:33:01,280 --> 00:33:04,320 Speaker 1: while he's for federal prosecutor, cut a sweetheart deal with 600 00:33:04,360 --> 00:33:07,479 Speaker 1: Jeffrey Epstein, basically let him off the hook, put him 601 00:33:07,480 --> 00:33:09,800 Speaker 1: in a Palm Beach County jail for thirteen months with 602 00:33:09,880 --> 00:33:14,880 Speaker 1: work release program for serious sex trafficking and pedophilia charges. 603 00:33:15,240 --> 00:33:17,360 Speaker 1: Now the Southern District of New York is coming after 604 00:33:17,400 --> 00:33:19,760 Speaker 1: him for same types of actions at the same time period. 605 00:33:19,960 --> 00:33:22,680 Speaker 1: And important to note that they actually pulled um, they 606 00:33:22,680 --> 00:33:25,880 Speaker 1: pulled some some child pornography basically out of his out 607 00:33:25,880 --> 00:33:28,520 Speaker 1: of his house. It was really troubling to say justice 608 00:33:28,680 --> 00:33:32,160 Speaker 1: needs to be served on every story like that. I 609 00:33:32,200 --> 00:33:34,480 Speaker 1: want to thank Sagar and Jetty for coming on Jack. 610 00:33:34,520 --> 00:33:37,800 Speaker 1: That's Patrick. I'm Kevin Cirelli, Chief Washington correspondent for Bloomberg 611 00:33:37,800 --> 00:33:40,160 Speaker 1: TV and Bloomberg Radio. We'll have more on all of 612 00:33:40,200 --> 00:33:42,480 Speaker 1: these stories coming up all throughout the week. You're listening 613 00:33:42,520 --> 00:33:43,080 Speaker 1: to Bloomberg