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Speaker 1: Five from our nations. This budget thing is going to

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

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

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Speaker 1: Colliding Floomberg Sound On, the Insidings, the influencers, the insides.

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

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

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

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

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

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

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Speaker 1: and one oh five h D two. The breaking news

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Speaker 1: this afternoon. The US bands travel by Chinese officials tied

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Speaker 1: to Muslim abuses. This as the tensions in the trade

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Speaker 1: war continue to mount. Just a day and a half

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Speaker 1: ahead of that, Chinese delegation set to have those meetings

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Speaker 1: with Treasury Secretary Stephen Manusian and US Trade Representative Bob Leightheizer.

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Speaker 1: I take it they're not going to be going to

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Speaker 1: any Houston Rockets games. Meanwhile, FED chair J Powell sees

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Speaker 1: FED resuming balance sheet growth, but it's not que. We've

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Speaker 1: got the latest from the FED report and the latest

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Speaker 1: on impeachment. House Republicans joining together they want to censure

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Speaker 1: House Intelligence Committee Chairman Adam Schiff. Buckle up, folks. It's

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Speaker 1: a busy, busy Tuesday. But first, it's Tom Kane, my colleague,

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Speaker 1: picked a heck of a day to come to Washington.

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Speaker 1: T C. I was on air with him this morning,

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Speaker 1: just as the back and forth was beginning to heat

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Speaker 1: up between the US and China. Just within the last

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Speaker 1: twenty four hours, Nick Wadham's reporting on the Bloomberg Terminal

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Speaker 1: that the Trump administration is slapping visa bands on Chinese

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Speaker 1: officials linked to the mass detention of Muslims in a

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Speaker 1: province of China. This is the latest in an escalating

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Speaker 1: series of U s steps to press or to pressure

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Speaker 1: China over what Secretary of State Mike Pompeo has called

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Speaker 1: the stain of the century. Now, this news rattled rattled markets.

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Speaker 1: The SMP five hundred tumbled from session highs to trade

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Speaker 1: lower by by one percent. And then you move on

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Speaker 1: to this. It also comes at a time uh in

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Speaker 1: which trade talks are sets to begin Garrett on Thursday.

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Speaker 1: There has been so much going on with the tensions

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Speaker 1: This is just the latest and there's two other developments

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Speaker 1: that we'll get to in a second. But but your

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Speaker 1: take now on this latest news that the US is

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Speaker 1: banning travel by Chinese officials tied to Muslim abuses. I mean,

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Speaker 1: I think if you look at just China historically and

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Speaker 1: especially as the lightest shining on this, whether it's Hong

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Speaker 1: Kong protests, there's there's obviously a lot of human rights

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Speaker 1: violations going on in China, this one particularly to the

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Speaker 1: Muslim community. There's about I believe one million Muslims in

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Speaker 1: China and detention like centers, and so there's le's see

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Speaker 1: a very egregious act. And it's good to see the

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Speaker 1: United States leading on these human rights violations. And so

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Speaker 1: the Secretary Pompeio is absolutely right that it is a huge,

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Speaker 1: huge stain um to to to really just global human

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Speaker 1: rights right now, Antoine, see right, this is the one

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Speaker 1: area where there appears to be bipartisanship amongst Republicans and Democrats.

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Speaker 1: You know, when you talk to Democrats, particularly in Washington,

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Speaker 1: d see those who have a leadership role, they all

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Speaker 1: say that with so much noise in Washington, d C.

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Speaker 1: You oftentimes do not hear the lyrics, but this is

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Speaker 1: one time in which you hear the lyrics loud and clear.

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Speaker 1: And so what I believe fundamentally, Kevin, is where you

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Speaker 1: see some common ground, we must yell about those things

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Speaker 1: and whisper about the places we do not disagree. So

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Speaker 1: I think you will probably hear people yell about this

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Speaker 1: scenario a little more than we've seen them whisper about

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Speaker 1: things like this, And I feel good about that for

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Speaker 1: the sake about democracy, Because make no mistake, this is

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Speaker 1: not just about the time pit we're living in now.

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Speaker 1: This is about what happened years to come, in generations

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Speaker 1: that come, and I think we all should govern ourselves

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Speaker 1: through that lens. It's uh, it's it's it's really really interesting,

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Speaker 1: and I just wanna want to I just want to

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Speaker 1: read a breaking headline that we're gonna get to coming

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Speaker 1: up in a second that the White House has since

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Speaker 1: a letter to Speaker of the House Nancy Pelosi. Will

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Speaker 1: bring you that breaking news as it develops. This continuing

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Speaker 1: with the uh impeachment story that we're going to be

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Speaker 1: talking about with our panel as it comes up. But

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Speaker 1: with regards to China, Garrett Ventury, Hong Kong. You mentioned

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Speaker 1: Hong Kong and the Hong Kong protest. President shi Jing

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Speaker 1: Ping perceived here on Wall Street as well as Washington

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Speaker 1: on in his front that coupled with the Muslim abuses

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Speaker 1: that really could sty me his chances and negotiating leverage

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Speaker 1: with regards to the US. Then you have the NBA

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Speaker 1: couple of days ago tweets a picture that says, quote

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Speaker 1: fight for freedom, stand with Hong Kong, and China just

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Speaker 1: says absolutely not. Uh. They take off the games from

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Speaker 1: c CCTV. They criticize this, and it launched bipartisan criticism

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Speaker 1: from Republicans and Democrats. President she is signaling to the

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Speaker 1: US that he's not perhaps is concerned about the Hong

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Speaker 1: Kong protests, as folks here and the US perceived him

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Speaker 1: to be. Yeah, I mean this is the this is

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Speaker 1: what happens when you're doing business with China. Obviously in

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Speaker 1: a in a in a in a country that has

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Speaker 1: more of a regime in the way that they are

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Speaker 1: right now. Uh. I think what you're gonna see on

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Speaker 1: Wall Street in regards of these trade deals too, is

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Speaker 1: that the President and this delegation that's coming down is

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Speaker 1: supposedly even said they're gonna leave earlier than they originally planned.

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Speaker 1: But I think what's important here is to see if

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Speaker 1: they can get to a deal to end these tariffs.

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Speaker 1: I think tariffs are really hurting both China and the

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Speaker 1: American economy, and I think they're seeing this, so hopefully

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Speaker 1: you'll see some sort of temporary agreement while they're obviously

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Speaker 1: trying to work out the humans rights issue. I don't

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Speaker 1: think that's something America should back down on them. It is.

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Speaker 1: It is pretty much interesting And to your point, I

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Speaker 1: want to play for you what the NBA Commissioner Adam

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Speaker 1: Silver had to say addressing the tension between China and

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Speaker 1: the USA and the NBA after the Houston Rockets general

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Speaker 1: manager Darryl Morey tweeted the support for the Hong Kong

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Speaker 1: protest take a listen to this. At the end of

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Speaker 1: the day, though, I am an American and there are

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Speaker 1: these values that are deeply rooted in the DNA of

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Speaker 1: the NBA, and that includes freedom of expression for our employees.

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Speaker 1: It is remarkable to see just how the NBA has

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Speaker 1: really thrust itself into these US into the backdrop of

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Speaker 1: the U S China trade talks. Just to recap the

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Speaker 1: past forty eight hours. On Sunday, China narrows the scope

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Speaker 1: for the trade deal, suggesting a broad pact is off

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Speaker 1: the table, some type of big deal that President Trump

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Speaker 1: wants off the table. Then on Monday, the US blacklists

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Speaker 1: eight Chinese companies, eight Chinese companies from from doing business,

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Speaker 1: making more difficult for them to do business. And then

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Speaker 1: if that wasn't enough, China says in a statement earlier today,

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Speaker 1: we urged the US side to immediately correct its mistake,

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Speaker 1: withdraw the relevant decision, and stop interfering in China's internal affairs.

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Speaker 1: China will continue to take firm and forceful measures to

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Speaker 1: resolutely safeguard national sovereignty, security, and development interests. Then this afternoon,

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Speaker 1: President Trump doesn't blink. He has now banned travel by

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Speaker 1: Chinese officials tied some Muslim abuses. I'm Kevin SURREALI Chief

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Speaker 1: Watchington correspondent f for Bloomberg Television and Bloomberg Radio. We're

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Speaker 1: keeping an eye on the US China trade tensions, the markets,

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Speaker 1: and impeachment, and we're just getting word at the White

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Speaker 1: House has sent a letter to House Speaker Nancy Pelosi.

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Speaker 1: Stick with me. That's all coming up. Download the Bloomberg

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

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

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Speaker 1: find me on I Heart Radio, Spotify Radio dot com,

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Speaker 1: as well as other platforms. You're listening to Bloomberg. This

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Speaker 1: is Bloomberg Sound On with Kevin Surley on Bloomberg and

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Speaker 1: one oh five point seven f M h D two.

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Speaker 1: You can't impeach a president for doing a great job.

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Speaker 1: You can't impeach a president for having the lowest and

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Speaker 1: best unemployment numbers that we've had in fifty one years.

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Speaker 1: You can impeach a president for text cuts and regulation cuts.

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Speaker 1: That's President Trump speaking earlier today at a press event

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Speaker 1: at the White House. I apologize on Monday night. That

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Speaker 1: was President Trump last night, President Trump speaking making those remarks.

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Speaker 1: I'm Kevin Cirelli, Chief Washington correspondent from Bloomberg Television and

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Speaker 1: Bloomberg Radio. Antoine Cea rights here, Democratic strategist, founder and

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Speaker 1: CEO of Blueprint Strategy. Garrett Ventry's also here, former spokesman

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Speaker 1: for Senator Chuck Grassley and the Republican led Senate Judiciary Committee.

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Speaker 1: Breaking news tonight, gentlemen. White House Council pat Sipelloni told

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Speaker 1: House Speaker Nancy Pelosi in a letter just released within

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Speaker 1: the last couple of minutes that President Trump and his

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Speaker 1: administrations will not participate in the Democratic led impeachment inquiry.

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Speaker 1: I'm reading from the letter quote you have designed and

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Speaker 1: implemented your inquiry in a manner that violates fundamental fairness

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Speaker 1: and constitutional mandated due process. It's an eight page letter

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Speaker 1: laying out the White House's concerns about the inquiry. He

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Speaker 1: goes on to write, quote put simply, you seek to

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Speaker 1: overturn the results of the election and deprive the American

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Speaker 1: people of the president they have freely chosen. End quote

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Speaker 1: Antoine c right. If you're Speaker of the House, Nancy

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Speaker 1: Pelosi and you're reading this letter, your next move is

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Speaker 1: what my next move is? To lock them up, hold

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Speaker 1: them in contempt. Look, at the end of the day,

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Speaker 1: you and I both know if the roles were reversed

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Speaker 1: and the script was flipped, they would be doing They

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Speaker 1: would probably have people with handcuffs rating to lock these

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Speaker 1: people up at their jobs. And I don't think Democrats

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Speaker 1: can take for granted the leverage and the power we

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Speaker 1: have because of the elections. We've seen the Republicans using

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Speaker 1: abuse uh their authority when they have power in the Congress,

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Speaker 1: and I do not think we should not do the same. Um,

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Speaker 1: it's one thing to come to a hearing and address

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Speaker 1: the questions in the best manner, you know how. It's

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Speaker 1: another thing just to straight up stone wall and not

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Speaker 1: show up to test the system. And I think that's

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Speaker 1: what they take us into the mind of of of

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Speaker 1: of six hundred Pennsylvania Avenue right now. Because it's one

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Speaker 1: thing to to not comply with subpoenas or to say

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Speaker 1: that you don't think you have the right. But here

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Speaker 1: in this letter they've laid it out. They've literally said,

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Speaker 1: explicitly in clear terms, you put simply, you seek to

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Speaker 1: overturn the results of the seen election. You've designed and

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Speaker 1: implemented your inquiry in a manner that violates fundamental fairness

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Speaker 1: and constitutionally mandated due process. So there's they're essentially saying,

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Speaker 1: game on. So the quote about overturning the election two

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Speaker 1: is one. If you look at the footnote of the letter,

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Speaker 1: is them quoting Chairman Nadler, he said something very similar

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Speaker 1: when Republicans went to impeach President Clinton in the nineties,

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Speaker 1: that will be overturned. This is like year Adventure comes

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Speaker 1: on the show. Folks, He's proven his worth. He's already

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Speaker 1: read the footnotes of the letter. That's how there's only

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Speaker 1: two ft ten minutes to my to my defense on that.

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Speaker 1: That's smart. There's only two footnotes of use. So that's

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Speaker 1: one part. So they're using there. It's kind of almost

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Speaker 1: using Chairman Adler's words against him now, who obviously has

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Speaker 1: got to keep part to plan play politics. They're saying

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Speaker 1: this is a politically not a constitutional impeachment. Is is typically,

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Speaker 1: at least in modern politics, a very political tool. If

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Speaker 1: you look at the nineties with Clinton, the Republicans use

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Speaker 1: it as a political tool, and now fast forward to

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Speaker 1: and on it's a political tool for the Democrats. And

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Speaker 1: so I think what President Trump in the White House

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Speaker 1: is trying to do with this is they're not going

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Speaker 1: to comply and give Nancy policy any any any favors here.

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Speaker 1: They're really daring her to actually try and hold a

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Speaker 1: vote to impeach the president because I think they believe

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Speaker 1: it will backfire, especially in some of these districts that

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Speaker 1: uh Democrats one in twenty teen, some of these suburban

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Speaker 1: districts in this quote unquote blue wave, Uh that that

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Speaker 1: Trump had maybe won by five or ten percent. But

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Speaker 1: now there is a House Democrat who you know, breaking

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Speaker 1: news if you're joining us tonight. President Trump has officially,

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Speaker 1: through his White House Council, sent a letter to Speaker

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Speaker 1: clear terms that he will not participate in the impeachment inquiry.

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Speaker 1: That that's the big headline. Now. Just an hour ago,

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Speaker 1: the big headline was that Gordon sound Bland, the U

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Speaker 1: s Ambassador to the European Union, on Tuesday, he canceled

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Speaker 1: his testimony before the House impeachment investigators looking at excuse me,

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Speaker 1: looking into President Trump's activities involving the Ukraine. Here's what

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Speaker 1: Speaker of the House Nancy Pelosi had to say about that.

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Speaker 1: Take a listen. The President is obstructing, obstructing Congress from

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Speaker 1: getting the facts that we need. Uh. He is that

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Speaker 1: it is an abusive power for him to act in

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Speaker 1: this way, and that is that is one of the

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Speaker 1: reasons that we have an impeachment inquiry, so there's that.

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Speaker 1: And then meanwhile, Garrett I, I was struck by this,

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Speaker 1: and I got to ask you about this, and because

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Speaker 1: the Freedom Caucus, and I know you're very close with

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Speaker 1: members of the Freedom Caucus, the Freedom Caucus said that

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Speaker 1: they actually wanted to hear from him, to hear precisely

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Speaker 1: what he had to say. They're back in the president.

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Speaker 1: I'm not suggesting that they're not back in the president,

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Speaker 1: but they're also critical. Republicans now are critical of these

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Speaker 1: hearings being held in private, right, I actually disagree with that.

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Speaker 1: I think it's actually better. I think things get I

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Speaker 1: worked on the Senate Judiciary Committee. I can tell you

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Speaker 1: members treat it more seriously when it's private and there's

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Speaker 1: not theater and there's not press there, and I think

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Speaker 1: a lot of times you can actually get down to

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Speaker 1: more there's more of a bipartisan consensus if there can

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Speaker 1: be on some issues. Now, this is obviously a very

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Speaker 1: heated issue impeachment when we're talking about this, but I

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Speaker 1: typically think that it's more more theater when we're when

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Speaker 1: we have them publics. I actually disagree with the Freedom

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Speaker 1: Caucus on that point. In general. At the end of

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Speaker 1: the day, this should be about Congress's duty and swarm

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Speaker 1: responsibility to provide oversight and check and balances to the

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Speaker 1: executive branch. And unfortunately, what Republicans want is, because it's

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Speaker 1: on them and their leader, Donald Trump, they want to

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Speaker 1: press the ignore and chill button when it comes to

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Speaker 1: corruption that continues to overflow from this administration, this president

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Speaker 1: and those around him, and we cannot afford to do

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Speaker 1: that for the sake of our democracy. I know you're

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Speaker 1: going to tell me no, but dig deeper here. If

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Speaker 1: you're a House Democrat, Democrat Antwinsea right Democratic strategists and

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Speaker 1: you're nervous that your re election effort is going to

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Speaker 1: be based upon impeachment, don't tell me, oh, it's about

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Speaker 1: just but actually give me the specifics of how you

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Speaker 1: combat that argument in these swing districts. Well as someone

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Speaker 1: who serves as a senior advisors to the House mcrats

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Speaker 1: currently the campaign on I have said two members from

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Speaker 1: a messaging standpoint, you have to remind people, particularly your constituents. One,

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Speaker 1: you have a sworn duty too you can investigate and legislate.

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Speaker 1: Number Three, when you think about the things that you've

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Speaker 1: asked them to do when you sent Dent in Washington.

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Speaker 1: Democrats have done those things. So we know how to walk,

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Speaker 1: chew gum and think at the same time. And we've

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Speaker 1: demonstrated that and again for the sake of our democracy

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Speaker 1: and national security, because that's what this is about. We

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Speaker 1: can't ignore the things that we see coming up. You

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Speaker 1: know what happens when you choot too much. Come, you

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Speaker 1: get a cabinet. You get a cabinet unless you choose

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Speaker 1: sugar free gum and you don't do it too much.

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Speaker 1: I'm trying to come in with all of these sayings

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Speaker 1: and I was like, that just came to be. But question,

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Speaker 1: you know how they combat that U s m c

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Speaker 1: A No, you get U s m c A none.

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Speaker 1: And that's a huge trade for the suburbs. The House

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Speaker 1: Democrats have right about us. House Democrats have passed over

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Speaker 1: two hundred pieces of legislation. When I think about the

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Speaker 1: big thing, the big things, including gun control, including wages,

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Speaker 1: including open up to government HR one, all those things

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Speaker 1: pull above six. That means Democrats and Republicans agree. We

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Speaker 1: have a record to stand on when it comes to that.

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Speaker 1: And that's something that has died in the mccomic graveyard.

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Speaker 1: I mean, you can't expect Senate Republicans to agree with

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Speaker 1: the House Democrats and gendemen. It's too even if of

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Speaker 1: the American people agree Democrats and republist I've ever seen

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Speaker 1: Garrett Ventry um so I wish no. I mean, there's

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Speaker 1: there's obviously gonna be you know, there there is consensus

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Speaker 1: on some of the issues. But if you look at

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Speaker 1: like HR one, for example, Republican, that's just a bill

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Speaker 1: that was never going to go anywhere with Republicans or

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Speaker 1: Mitch McConnell. But but what But but I have to

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Speaker 1: ask you a question of why, because in that bill,

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Speaker 1: it wags, it weeds out fraud ways, an abuse that

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Speaker 1: draining the swamp essentially speaks to that. It protects our elections,

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Speaker 1: to give money towards election security, a get rid of

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Speaker 1: money out of politics, all the things. I think the

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Speaker 1: the the issue with it is giving more power to

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Speaker 1: the federal government over state governments with their elections. And

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Speaker 1: that's the big issue. I say this as a joke

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Speaker 1: and I say that you're so calm, but I mean

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Speaker 1: you are in the trenches of of conservative ideological circles.

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Speaker 1: I mean, you know, everyone on the Senate Judiciary Committee,

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Speaker 1: and you're not You're not worried at all. You don't

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Speaker 1: appear worried at all about the impeachment probe. Well, I mean,

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Speaker 1: we know how this probably plays out, right, if the

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Speaker 1: House impeached them, the Senate acquits him, and then we're

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Speaker 1: But I think that's an illustration. It's an illustration of

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Speaker 1: Republicans this too. That I mean, I think that's the

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Speaker 1: reality of it. We if there is an impeachment vote

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Speaker 1: and Nancy Pelosi does bring it the floor, it looks

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Speaker 1: like they have the votes to to impeach the president

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Speaker 1: the Senate obviously as the votes to acquit him. And

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Speaker 1: then the real question is number one, how long does

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Speaker 1: this go on? And the number two, how does this

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Speaker 1: play out? And that's that's we don't know. But there's

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Speaker 1: a third element to that. You may not forget what

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Speaker 1: staying does this evel Republican windows as the corruption Republicans

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Speaker 1: are gonna say, what stand doesn't eleve on Democrats? For now,

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Speaker 1: we're gonna have to leave it. They're coming up. We're

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Speaker 1: gonna talk more impeachment. We're also gonna talk Syria, and

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Speaker 1: I'll catch you up to speed on that and that

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Speaker 1: big Supreme Court case. Folks are Supreme Court insider Garrett

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Speaker 1: Ventry breaks it down with regards to that landmark case

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Speaker 1: at the Supreme Court is hearing regarding LGBT writes. Download

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

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

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

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Speaker 1: and Spotify the breaking News. President Trump tells Speaker Pelosi

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Speaker 1: he's not cooperating with the House impeachment inquiry. Signed sealed

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Speaker 1: delivered moments ago to Capitol Hill. I'm Kevin Cirelli, Chief

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Speaker 1: Washington correspondent from Bloomberg Television and Bloomberg Radio. You're listening

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

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Speaker 1: Surely on Bloomberg nine one and one oh five point

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Speaker 1: m h D two. So if we sound like we're

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Speaker 1: pissed as we stand here, it's because we are. The

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Speaker 1: American people are getting screwed, finding enraged liberal activists based

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Speaker 1: demanding impeachment. They don't even care what the crime is.

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Speaker 1: They don't care what the facts are, they don't care

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Speaker 1: what the evidence is wow. That was Congressman Lee Zelden,

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Speaker 1: a Republican from New York, speaking earlier today on Capitol Hill.

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Speaker 1: This is President Trump, through his White House Council sending

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Speaker 1: a letter within the last half hour to Speaker of

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Speaker 1: the House Nancy Pelosi tonight. He says that he will

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Speaker 1: not cooperate with the House Democratic investigators impeachment inquiry. I'm

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Speaker 1: Kevin Cirelli, Chief Washington correspondent for Bloomberg Television of Bloomberg Radio.

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Speaker 1: My guests are Garrett Ventry, a Republican insider. He also is,

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Speaker 1: of course, the former spokesman to Senate Senate Senator come on,

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Speaker 1: you talk, Senator Chuck Grasslie, who chairs the Senate Judiciary Committee.

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Speaker 1: And Antoine c rights Here, a Democratic strategist, founder and

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Speaker 1: CEO of Blueprint Strategy and a senior advisor to many

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Speaker 1: of those Democrats running for re election in I gotta

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Speaker 1: get your take, Antoine on front response rather from Congressman Zeldin,

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Speaker 1: what you just hurt. I think that this is again

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Speaker 1: UH distraction tactic and more of UH language that is

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Speaker 1: sexy and that will tickle the ears of some of

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Speaker 1: the people to support him. But I don't think it's

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Speaker 1: reflective of the American people because I think the one

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Speaker 1: thing that people hate about Congress is the lack of

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Speaker 1: transparency and lack of trust. I think what we're going

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Speaker 1: through gives clear eyes to trust and a direct insight

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Speaker 1: or what's been going on in the government. And I

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Speaker 1: thank God for the House majority because if we did

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Speaker 1: not have the majority right now, these people will be

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Speaker 1: running wild in our government. And so when you hear

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Speaker 1: Republicans say they want to drain the swamp, what's happening

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Speaker 1: in my mind is the alligators seem to be getting fatter.

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Speaker 1: I don't know what that means with all the inside

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Speaker 1: the people who live in the swamp are benefit from

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Speaker 1: the presidence of Donald Trump and all the corruption that

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Speaker 1: follows him. Okay, um switching gears now with the alligators?

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Speaker 1: Um uh? The Syria and Garrett Republicans really coming out

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Speaker 1: against President Trump on his decision to withdraw troops from Syria,

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Speaker 1: and Senator Lindsey Graham, the Republican from South Carolina, a

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Speaker 1: key ally to President Trump politically domestic on domestic politics,

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Speaker 1: suggesting that there is a veto proof majority ready to

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Speaker 1: go to to issue sanctions against Turkey should Turkey seek

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Speaker 1: to to do any military operations into Syria with the

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Speaker 1: U S troop withdrawal. Why so many Republicans against Trump

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Speaker 1: on this? Well, I think that when you look at

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Speaker 1: the Kurds, they've really been a reliable partner for the US,

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Speaker 1: especially when it comes to fighting ISIS and and as

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Speaker 1: a result, an ally for the Syrian people. Go ahead, right,

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Speaker 1: and so I think, you know, withdrawing from you know,

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Speaker 1: the president has done a really good job of pushing

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Speaker 1: back and fighting and really almost obliterating ISIS. And so

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Speaker 1: I think, uh, you know, withdrawing from Syria, not only

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Speaker 1: you know, could hurt the Kurds, who have been very

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Speaker 1: strong allies in that fight, but also could open up

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Speaker 1: that region to you know, as we saw when President

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Speaker 1: Obama withdraw from Iraq. Uh, it could open it up

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Speaker 1: to two other bad actors. This does not have to

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Speaker 1: be about Barack Obama. Let's just stay focused on the

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Speaker 1: moment in time, that weekend control. Now, you and I

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Speaker 1: both know that Democrats and Republicans believe this is a

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Speaker 1: bad thing. But typical Trump fashion, this comes at a

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Speaker 1: time and we're the country is discussion discussing his corruption

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Speaker 1: and here he is with the distraction tactic that would

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Speaker 1: take the new cycle away. Just stay focused on this today,

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Speaker 1: not yesterday. Yeah, I would just say, I'm just using

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Speaker 1: it as a historical point that showing with drawing troops

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Speaker 1: taking the bank Garrett remarkably cold, just not uh. It

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Speaker 1: typically doesn't work well. It leads a vacuum for for

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Speaker 1: bad actors, and that's why I think that the President

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Speaker 1: should really reconsider it's coming up. What's on the panel's radar.

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Speaker 1: Download the Bloomberg Sound On podcast on Apple, it tunes,

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

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

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Speaker 1: dot com and Spotify. I'm Kevin Cirelli, Chief Washington correspond

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Speaker 1: from Bloomberg TV and Bloomberg Radio. You're listening to Bloomberg.

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Speaker 1: This is Bloomberg's Sound On with Kevin Surreley on Bloomberg

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Speaker 1: one and one oh five point seven FM HD two.

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

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Speaker 1: Thank you for joining us breaking news tonight. President Trump

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Speaker 1: sending a letter through his White House Council Attorney to

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Speaker 1: House Speaker Nancy Pelosi saying that he will not cooperate

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Speaker 1: with the impeach ment inquiry. That shore fire to reverberate

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Speaker 1: in the next twenty four hours, well at least until

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Speaker 1: the latest, uh, the latest new saga with the impeachment inquiry,

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Speaker 1: and our very go Jennifer Jacobs Bloomberg. Jennifer Jacobs just

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Speaker 1: reporting the trade Gaudy remember him, Trey Gaudy has joined

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Speaker 1: the impeachment team that the White House is building. He's

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00:25:23,800 --> 00:25:29,399
Speaker 1: gonna help President Trump outside of the White House. My

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Speaker 1: guest with me for the hour, Antoine c Right, he's

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Speaker 1: a Democratic strategist, founder and CEO of Blueprint Strategy, former

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00:25:36,520 --> 00:25:41,080
Speaker 1: senior advisor to Hillary Clinton's presidential campaign in South Carolina.

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00:25:41,160 --> 00:25:45,199
Speaker 1: And Garrett Ventry, former spokesman for Senator Chuck Grassley and

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00:25:45,280 --> 00:25:49,520
Speaker 1: the Senate Judiciary Committee. Right, guys, it's it's time for

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00:25:50,520 --> 00:25:54,080
Speaker 1: We've talked about impeachment, We've talked about Syria, We've talked

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00:25:54,119 --> 00:25:57,919
Speaker 1: about US China trade relations. There's so many other stories

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00:25:57,960 --> 00:26:00,720
Speaker 1: going on, So it's time for you to me what's

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00:26:00,760 --> 00:26:04,040
Speaker 1: on your radar. I'm gonna kick things off because FETE

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00:26:04,119 --> 00:26:09,040
Speaker 1: chair j Powell, he spoke at the National Association for

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00:26:09,119 --> 00:26:12,800
Speaker 1: Business Economics. They had a conference in Denver earlier. Today.

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00:26:12,840 --> 00:26:17,320
Speaker 1: Are Michael McKee's at All Star reporting over there. Uh,

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00:26:17,359 --> 00:26:20,919
Speaker 1: and the FETE chairman hinted at the possibility of a

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00:26:21,040 --> 00:26:24,760
Speaker 1: third interest rate cut, and he voiced confidence that the

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00:26:24,800 --> 00:26:29,000
Speaker 1: economic expansion can be sustained. Now this matters, obviously, because

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00:26:29,000 --> 00:26:31,639
Speaker 1: there's a lot of debate, not just here in the

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00:26:31,680 --> 00:26:35,359
Speaker 1: United States but around the world about whether or not

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00:26:35,520 --> 00:26:38,280
Speaker 1: we are headed for an economic slowdown in the next

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00:26:38,280 --> 00:26:42,760
Speaker 1: twelve to fifteen months, or hopefully not a recession. So

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00:26:42,800 --> 00:26:47,520
Speaker 1: the FED chairman voicing confidence. The Federal Reserve Chairman J.

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00:26:47,680 --> 00:26:51,440
Speaker 1: Powell said the central Bank will resume purchases of treasury

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00:26:51,520 --> 00:26:55,840
Speaker 1: securities in an effort to avoid a repeat of recent

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00:26:56,040 --> 00:27:01,200
Speaker 1: turmoil in money markets, while hinting hinting at the possibility

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00:27:01,280 --> 00:27:05,680
Speaker 1: of another interest rate cuts. I thought this is really interesting.

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00:27:05,680 --> 00:27:10,320
Speaker 1: Obviously he's been under pressure from President Trump. UH. And

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00:27:11,200 --> 00:27:13,679
Speaker 1: you know, the President has been been quite critical, and

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00:27:13,760 --> 00:27:17,800
Speaker 1: he really at one point during his remarks took on

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00:27:17,960 --> 00:27:20,280
Speaker 1: some of his critics. Take a listen to FED chair

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00:27:20,359 --> 00:27:24,280
Speaker 1: J Powell as he sized up how the economy is doing.

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00:27:24,920 --> 00:27:26,800
Speaker 1: I guess I do a little bit balk at the

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00:27:26,840 --> 00:27:29,159
Speaker 1: idea that we're running the economy hot. It's it just

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00:27:29,280 --> 00:27:32,320
Speaker 1: feels this feels very sustainable. There's no aspect of the

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00:27:32,359 --> 00:27:36,280
Speaker 1: economy that is just booming. So fed Chair j Pal

467
00:27:36,400 --> 00:27:39,600
Speaker 1: saying the obvious that there's no aspect of the economy

468
00:27:39,640 --> 00:27:44,280
Speaker 1: that's booming, but that the level of growth does feel sustainable.

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00:27:44,240 --> 00:27:47,040
Speaker 1: All right, Garrett, that's what's on my radar. What's on

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00:27:47,080 --> 00:27:50,679
Speaker 1: your radar. So the Supreme Court has a pretty uh

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00:27:50,880 --> 00:27:54,440
Speaker 1: blockbuster term coming up. You'll hear cases close to the

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00:27:54,480 --> 00:27:57,040
Speaker 1: election here, which will make probably judicial nominations of a

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00:27:57,080 --> 00:28:01,240
Speaker 1: big issue going into as it was in twenty six teen. Uh,

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00:28:01,280 --> 00:28:04,960
Speaker 1: there'll be cases on immigration, LGBT issues, abortion restrictions, and

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00:28:04,960 --> 00:28:07,240
Speaker 1: gun rights. One big case that was before the Court

476
00:28:07,280 --> 00:28:10,159
Speaker 1: today they had oral arguments on were actually two cases combined,

477
00:28:10,240 --> 00:28:14,600
Speaker 1: which was bow Stock versus Clayton County and Harris Funeral

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00:28:14,600 --> 00:28:18,240
Speaker 1: Home versus the E. E O. C. Basically, the issue

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00:28:18,280 --> 00:28:20,399
Speaker 1: here is one of the most significant that's facing the

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00:28:20,400 --> 00:28:24,720
Speaker 1: Court this term, as it really does with Title seven

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00:28:24,720 --> 00:28:27,640
Speaker 1: in the Civil Rights Act of nineteen sixty four, which,

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00:28:27,680 --> 00:28:32,640
Speaker 1: besides protecting against workplace discrimination because of race, religion, other characterations,

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00:28:33,040 --> 00:28:37,000
Speaker 1: also prohibits discrimination because of sex, and the argument really

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00:28:37,040 --> 00:28:40,840
Speaker 1: is going to be over whether sex. In nineteen sixty four,

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00:28:40,880 --> 00:28:45,040
Speaker 1: they were talking about transgender and gay rights there, so

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00:28:45,120 --> 00:28:48,360
Speaker 1: that'll be the layman's terms. This is whether or not

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00:28:48,720 --> 00:28:54,120
Speaker 1: someone can be fired based upon their their sexual orientation correct,

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00:28:54,160 --> 00:28:57,280
Speaker 1: And it's not whether or not the Supreme Court necessarily

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00:28:57,320 --> 00:28:59,760
Speaker 1: thinks that's right or wrong. It's whether or not that

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00:29:00,040 --> 00:29:05,320
Speaker 1: the nineteen sixty four law applies today in in that

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00:29:05,760 --> 00:29:09,200
Speaker 1: In that light, they would say, if it doesn't, then

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00:29:09,280 --> 00:29:11,200
Speaker 1: Congress should do thene pass a law to give those

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00:29:11,440 --> 00:29:14,600
Speaker 1: So this because I think there's because, truthfully, and we

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00:29:14,600 --> 00:29:16,160
Speaker 1: were talking about this in the break, I don't think

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00:29:16,160 --> 00:29:20,640
Speaker 1: people understand how you could oppose this. So you're what

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00:29:20,760 --> 00:29:22,840
Speaker 1: you just said, if you're driving home from work and

497
00:29:22,840 --> 00:29:26,120
Speaker 1: you're trying to understand what the The other argument is,

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00:29:26,920 --> 00:29:30,120
Speaker 1: it's that they're saying there's some there are some conservatives

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00:29:30,160 --> 00:29:34,600
Speaker 1: who say that Congress should pass a law to to

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00:29:34,720 --> 00:29:37,600
Speaker 1: better interpret the fourteenth Amendment, is what I'm hearing from you,

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00:29:37,800 --> 00:29:40,960
Speaker 1: or just even just to provide those specific protections and

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00:29:41,040 --> 00:29:43,880
Speaker 1: not just based on this this vague protection. Basically, what

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00:29:44,440 --> 00:29:47,320
Speaker 1: conservatives don't want is judges writing the law and making

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00:29:47,360 --> 00:29:49,920
Speaker 1: the law up. They would rather have Congress, we the people,

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00:29:49,920 --> 00:29:52,960
Speaker 1: the legislative body passing laws because when judges make it up,

506
00:29:53,240 --> 00:29:56,560
Speaker 1: unelected judges, nine people in Washington making up laws is

507
00:29:56,600 --> 00:29:59,080
Speaker 1: not a good thing. I mean to me candidly, this

508
00:29:59,120 --> 00:30:01,760
Speaker 1: is a non political issue. It's a non constitutional issue.

509
00:30:01,760 --> 00:30:04,160
Speaker 1: You shouldn't be able to get fired based upon who

510
00:30:04,200 --> 00:30:07,480
Speaker 1: you love. Uh box dot com has it really interesting

511
00:30:07,560 --> 00:30:11,960
Speaker 1: report on this. Justice Gorcich emerges as an unlikely swing

512
00:30:12,080 --> 00:30:15,600
Speaker 1: vote in the LGBTQ discrimination cases. Keep an eye on him.

513
00:30:15,640 --> 00:30:17,600
Speaker 1: He was raised in a he was educated in a

514
00:30:17,640 --> 00:30:20,960
Speaker 1: Catholic household. Uh and he could be the swing vote

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00:30:21,360 --> 00:30:25,120
Speaker 1: on this. I'll read just quickly quickly from my colleagues

516
00:30:25,160 --> 00:30:28,240
Speaker 1: reporting on the Bloomberg terminal. Greg Store and Kimberly Robinson

517
00:30:28,280 --> 00:30:31,800
Speaker 1: have done stellar reporting on this, and then I'm reading

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00:30:31,800 --> 00:30:34,520
Speaker 1: from their report. Their best chance, meaning folks who want

519
00:30:34,520 --> 00:30:37,520
Speaker 1: to get this through the Supreme Court could be Justice

520
00:30:37,560 --> 00:30:41,240
Speaker 1: Neil Gorsch and Donald Trump appointee who indicated he read

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00:30:41,280 --> 00:30:44,480
Speaker 1: the laws text to cover lgbt discrimination but warned of

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00:30:44,520 --> 00:30:51,400
Speaker 1: a quote massive social upheaval should that interpretation prevail. Garrett

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00:30:51,520 --> 00:30:54,239
Speaker 1: great stuff with what's on your radar? Antoine ce right,

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00:30:54,280 --> 00:30:57,040
Speaker 1: what's on your radar? Two things, keivin One. The next

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00:30:57,040 --> 00:31:00,480
Speaker 1: Democratic debate for November has been announce to will be

526
00:31:00,480 --> 00:31:03,680
Speaker 1: in Georgia on novemberwent is looking like it's going to

527
00:31:03,800 --> 00:31:07,040
Speaker 1: be two days based on the candidates who's qualified. To

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00:31:07,080 --> 00:31:10,160
Speaker 1: this point. I think that's big because george is always

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00:31:10,200 --> 00:31:13,840
Speaker 1: considered a purple state or on the bubble, as some

530
00:31:13,920 --> 00:31:16,040
Speaker 1: in the South of say, a pregnant state, pregnant with

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00:31:16,040 --> 00:31:19,760
Speaker 1: possibilities or Democrats. Again, I didn't get the alligators, and

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00:31:19,800 --> 00:31:24,360
Speaker 1: I certainly, but keep talking on birth possibilities. The second

533
00:31:24,400 --> 00:31:26,920
Speaker 1: thing is a little more the pregnated pause. I know

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00:31:27,000 --> 00:31:29,719
Speaker 1: that the second thing is a little more serious, and

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00:31:29,720 --> 00:31:34,040
Speaker 1: that's the health of the senator from Vermont. Sender Sanders

536
00:31:34,360 --> 00:31:37,280
Speaker 1: was certainly in prayer for him, his family and staff

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00:31:37,680 --> 00:31:42,440
Speaker 1: as he went through a very serious health scare. I

538
00:31:42,480 --> 00:31:46,640
Speaker 1: think when the way the media treated Hillary Clinton's health

539
00:31:47,360 --> 00:31:52,520
Speaker 1: um her feigning or getting overheated, uh, and the way

540
00:31:52,560 --> 00:31:55,160
Speaker 1: they're treating this this is far more serious and they're

541
00:31:55,200 --> 00:31:58,160
Speaker 1: giving it kind of a blink in a wink. But

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00:31:58,240 --> 00:32:01,200
Speaker 1: I hope that he takes care of his first and

543
00:32:01,320 --> 00:32:05,520
Speaker 1: know that politics will always be there, but he will not,

544
00:32:05,640 --> 00:32:09,320
Speaker 1: and so it's very important to prioritize itself. Uh. This

545
00:32:09,400 --> 00:32:13,800
Speaker 1: is a bombshell uh story that my colleagues Wendy Benjaminson,

546
00:32:14,160 --> 00:32:18,240
Speaker 1: Michell fe Cortez, and Psycport. They filed the story. It

547
00:32:18,360 --> 00:32:21,520
Speaker 1: came out within the last hour. Bernie Sanders and his

548
00:32:21,600 --> 00:32:25,400
Speaker 1: doctors likely would have known within hours that the Democratic

549
00:32:25,400 --> 00:32:29,880
Speaker 1: presidential candidate had a heart attack in Las Vegas last Tuesday,

550
00:32:30,000 --> 00:32:34,520
Speaker 1: cardiologists say, but his campaign described the incident at first

551
00:32:34,720 --> 00:32:38,600
Speaker 1: as a fleeting episode of chest pain and waited three

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00:32:38,680 --> 00:32:42,440
Speaker 1: days to reveal the more serious diagnosis are They're gonna

553
00:32:42,440 --> 00:32:44,720
Speaker 1: have to answer to this, absolutely because in this day

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00:32:44,720 --> 00:32:47,720
Speaker 1: and age of transparency, in the way that people criticize

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00:32:47,800 --> 00:32:51,200
Speaker 1: Joe Biden, who's the political opponent of his in the

556
00:32:51,200 --> 00:32:54,760
Speaker 1: president of primary. Absolutely, and again, how Hillary Clinton was

557
00:32:54,800 --> 00:32:57,600
Speaker 1: treated in the last presidential cycle and people have just

558
00:32:57,640 --> 00:33:00,400
Speaker 1: thought her world was over because she was overeated. I

559
00:33:00,440 --> 00:33:02,880
Speaker 1: think they're gonna have to answer. But the biggest thing

560
00:33:02,920 --> 00:33:05,560
Speaker 1: I would say to everybody, let's be measured all this

561
00:33:05,680 --> 00:33:08,560
Speaker 1: because at the end of the day, is Bernie Sanders today,

562
00:33:08,640 --> 00:33:11,680
Speaker 1: It could be any one of us tomorrow. Democrat, Republican

563
00:33:11,760 --> 00:33:13,840
Speaker 1: younger old, and so I just think we all have

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00:33:13,920 --> 00:33:15,800
Speaker 1: to be measured it being in prayer, but we also

565
00:33:15,840 --> 00:33:18,400
Speaker 1: have to be transparent about our health, particularly when you

566
00:33:18,400 --> 00:33:20,200
Speaker 1: want to be the leader of the free world. Uh.

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00:33:20,200 --> 00:33:26,520
Speaker 1: Senator Sanders campaign didn't immediately return, declined to comment beyond

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00:33:26,640 --> 00:33:30,040
Speaker 1: what their initial statements were. Uh. And he had said

569
00:33:30,080 --> 00:33:33,080
Speaker 1: publicly two reporters outside of his home on Tuesday that

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00:33:33,080 --> 00:33:36,640
Speaker 1: he would release his medical records at quote the appropriate time.

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00:33:36,720 --> 00:33:38,760
Speaker 1: So we're gonna be on top of that story. We're

572
00:33:38,760 --> 00:33:40,400
Speaker 1: just a wee bout a week out, a little more

573
00:33:40,400 --> 00:33:42,440
Speaker 1: than a week until the next debate. All right, My

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00:33:42,560 --> 00:33:45,160
Speaker 1: thanks to Antoine ce right, my thanks to Garrett Ventry.

575
00:33:45,200 --> 00:33:47,920
Speaker 1: That does it for us again, that breaking news. The

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00:33:47,920 --> 00:33:51,200
Speaker 1: White House not going to cooperate with that impeachment inquiry.

577
00:33:51,240 --> 00:33:53,720
Speaker 1: They set the letter to Speaker Pelosi just this hour.

578
00:33:53,800 --> 00:33:56,800
Speaker 1: Download the Bloomberg salent On podcast on Apple, iTunes, at

579
00:33:56,800 --> 00:33:59,400
Speaker 1: Bloomberg dot com, or by downloading the Bloomberg Business app.

580
00:33:59,440 --> 00:34:02,000
Speaker 1: You can also find us on Radio dot com, I

581
00:34:02,120 --> 00:34:05,240
Speaker 1: Heart Radio, and Spotify. I'm Kevin CURRELLI Chief Washington correspondent

582
00:34:05,240 --> 00:34:08,120
Speaker 1: for Bloomberg TV and Bloomberg radio. You're listening to Bloomberg

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Speaker 1: one