1 00:00:00,080 --> 00:00:03,840 Speaker 1: I'm Kevin Cirelli, chief Washington correspondent for Bloomberg Television and 2 00:00:03,920 --> 00:00:08,039 Speaker 1: Bloomberg Radio. It was another dizzying day of news, fast 3 00:00:08,160 --> 00:00:10,800 Speaker 1: and furious on the news fronts, and we are going 4 00:00:10,840 --> 00:00:13,760 Speaker 1: to get into what you missed and where it goes 5 00:00:14,160 --> 00:00:17,680 Speaker 1: from here with two insiders. Adrian L. Rod is here. 6 00:00:17,720 --> 00:00:20,440 Speaker 1: She is a Democratic strategist. She is also the former 7 00:00:20,480 --> 00:00:25,600 Speaker 1: director of strategic communications to Hillary Clinton's presidential campaign. Frank 8 00:00:25,680 --> 00:00:28,720 Speaker 1: Massano is also here. He is a partner at brace 9 00:00:28,760 --> 00:00:33,960 Speaker 1: Well's Policy Resolution Group and a Republican communications advisors to 10 00:00:34,080 --> 00:00:38,199 Speaker 1: several Republican lawmakers on Capitol Hill. Thank you both for 11 00:00:38,320 --> 00:00:41,280 Speaker 1: being here. Adrian, I want to start with you. The 12 00:00:41,320 --> 00:00:44,720 Speaker 1: President has denied this. I was on Capitol Hill all 13 00:00:44,840 --> 00:00:48,640 Speaker 1: day today interviewing lawmakers and both parties, talking to staffers 14 00:00:48,680 --> 00:00:51,920 Speaker 1: and both parties, and the consensus is that as of now, 15 00:00:52,000 --> 00:00:56,000 Speaker 1: Republican support is holding for President Trump. There doesn't appear 16 00:00:56,040 --> 00:00:59,880 Speaker 1: to be a significant breakage, really, any breakage of significant 17 00:01:00,000 --> 00:01:06,800 Speaker 1: Republicans backing the Speaker Pelosi's inquiry into impeachment. That said, tomorrow, 18 00:01:07,319 --> 00:01:10,679 Speaker 1: the acting Director of National Intelligence is set to testify 19 00:01:10,800 --> 00:01:15,840 Speaker 1: before the House Intelligence Committee. Adam Schiff, How imperative is 20 00:01:15,880 --> 00:01:19,440 Speaker 1: it for Democrats to convince some of their Republican colleagues 21 00:01:19,720 --> 00:01:22,360 Speaker 1: to get on board with this in order to take 22 00:01:22,400 --> 00:01:28,760 Speaker 1: it from the political realm into the constitutional realm. Great question, Kevin, Um, I, 23 00:01:28,120 --> 00:01:31,800 Speaker 1: I don't know that it's necessarily imperative for Democrats to 24 00:01:32,840 --> 00:01:35,760 Speaker 1: um work on trying to convince Republicans. I think it's 25 00:01:35,760 --> 00:01:39,959 Speaker 1: more important for Republicans to decide what's more important upholding 26 00:01:40,040 --> 00:01:44,679 Speaker 1: their constitutional duty or playing politics and trying to curry 27 00:01:44,720 --> 00:01:47,720 Speaker 1: favor to the president at President Trump, who they constantly 28 00:01:48,120 --> 00:01:51,720 Speaker 1: are making up excuses for in order to um, you know, 29 00:01:51,760 --> 00:01:54,520 Speaker 1: curry favor or you know, not get on his bad side. 30 00:01:54,560 --> 00:01:58,520 Speaker 1: I think Republicans tend to either um, you know, want 31 00:01:58,560 --> 00:02:00,840 Speaker 1: to be in Trump's good grace, is to they essentially, 32 00:02:00,880 --> 00:02:02,720 Speaker 1: for lack of a better term, kiss up to him, 33 00:02:03,040 --> 00:02:04,960 Speaker 1: or they're scared to death of him. There's really no 34 00:02:05,120 --> 00:02:06,960 Speaker 1: sort of they're on. A lot of Republicans have the 35 00:02:06,960 --> 00:02:09,680 Speaker 1: courage to go out there and really speak, um speak 36 00:02:09,720 --> 00:02:12,679 Speaker 1: the truth. So I do think the acting D and 37 00:02:12,800 --> 00:02:16,960 Speaker 1: I testimony tomorrow is going to be very interesting because 38 00:02:17,440 --> 00:02:20,000 Speaker 1: it's been leaked to the media this afternoon that he 39 00:02:20,680 --> 00:02:24,160 Speaker 1: um would basically step down if he wasn't able to 40 00:02:24,200 --> 00:02:28,600 Speaker 1: testify freely. So I think his testimony tomorrow is gonna 41 00:02:28,600 --> 00:02:31,280 Speaker 1: be very important. To your point, Kevin, there's still a 42 00:02:31,320 --> 00:02:33,160 Speaker 1: lot of information that we don't know. We have not 43 00:02:33,200 --> 00:02:37,760 Speaker 1: seen the whistleblower report. Um, We've only seen a transcript 44 00:02:37,760 --> 00:02:40,800 Speaker 1: that is filled with some redacted, redactions and paraphrasing. But 45 00:02:40,880 --> 00:02:43,799 Speaker 1: also that transcript is very damning for the president as well. 46 00:02:43,919 --> 00:02:46,360 Speaker 1: So there's still a lot of questions. But I think 47 00:02:46,400 --> 00:02:50,079 Speaker 1: that I hope that once some of this additional information 48 00:02:50,160 --> 00:02:53,280 Speaker 1: comes to the forefront, that you might see some Republicans 49 00:02:53,280 --> 00:02:54,880 Speaker 1: come forward, because I do think this needs to be 50 00:02:54,880 --> 00:02:59,239 Speaker 1: a bipartisan um investigation. Andrean Rod's here, She's a Democratic strategist, 51 00:02:59,280 --> 00:03:03,600 Speaker 1: former director strategic communications to Hillary Clinton's presidential campaign. Just 52 00:03:03,680 --> 00:03:08,720 Speaker 1: to catch everybody up to speed, literally literally, as President 53 00:03:08,760 --> 00:03:13,639 Speaker 1: Trump was addressing that press conference at the United States 54 00:03:13,639 --> 00:03:17,280 Speaker 1: Mission at the United Nations, lawmakers on Capitol Hill on 55 00:03:17,360 --> 00:03:21,400 Speaker 1: the various Intel committees were gathered in the in the 56 00:03:21,520 --> 00:03:26,360 Speaker 1: secure briefing rooms where the whistle blower complaint was hand 57 00:03:26,400 --> 00:03:31,160 Speaker 1: delivered hand delivered to Capitol Hill for lawmakers to review. 58 00:03:31,520 --> 00:03:35,280 Speaker 1: Adrian made mention of the Acting Director of National Intelligence, 59 00:03:35,400 --> 00:03:38,760 Speaker 1: Joseph McGuire, who was set to testify tomorrow before the 60 00:03:38,760 --> 00:03:43,720 Speaker 1: House Intelligence Committee about this Ukraine matter. The Washington Post 61 00:03:43,920 --> 00:03:47,600 Speaker 1: reported earlier this afternoon, at about two forty pm New 62 00:03:47,680 --> 00:03:51,320 Speaker 1: York time, that he was considering stepping down if he 63 00:03:51,400 --> 00:03:55,880 Speaker 1: was not able to act freely. That said, during the 64 00:03:55,880 --> 00:03:59,720 Speaker 1: President's remarks, he called the Acting Director of National Intelligence, 65 00:03:59,800 --> 00:04:03,520 Speaker 1: Joe McGuire, a quote unquote tough cookie. And as that 66 00:04:03,600 --> 00:04:06,600 Speaker 1: was happening, McGuire released a statement. I mean, this is 67 00:04:06,640 --> 00:04:09,320 Speaker 1: how quickly today has moved and this and the statement 68 00:04:09,360 --> 00:04:12,640 Speaker 1: reads quote At no time have I considered resigning my position. 69 00:04:13,080 --> 00:04:16,000 Speaker 1: Since assuming this role on August sixteenth, I have never 70 00:04:16,080 --> 00:04:18,279 Speaker 1: quite anything in my life, and I'm not going to 71 00:04:18,360 --> 00:04:21,440 Speaker 1: start now. I'm committed to leading the intelligence community to 72 00:04:21,520 --> 00:04:25,440 Speaker 1: address the diverse and complex threats facing our nation. That's 73 00:04:25,480 --> 00:04:29,720 Speaker 1: from the Acting d n I, Joe's McGuire. Frank Massano's here, 74 00:04:29,760 --> 00:04:33,800 Speaker 1: a Republican communications advisor partner at Bracewell's Policy Resolution Group 75 00:04:34,040 --> 00:04:38,880 Speaker 1: Republicans who I talked with today. Uh, Frank told me, hey, 76 00:04:38,880 --> 00:04:40,800 Speaker 1: wait a minute, Speaker Pelosi should have waited for the 77 00:04:40,800 --> 00:04:43,240 Speaker 1: transcript to come out. She should have waited to see 78 00:04:43,279 --> 00:04:47,880 Speaker 1: precisely what the six committees investigations were going to yield 79 00:04:47,920 --> 00:04:51,719 Speaker 1: in terms of impeachment, and essentially Republicans were saying, here 80 00:04:51,720 --> 00:04:54,000 Speaker 1: we go again. Democrats, they've been trying to impeach this 81 00:04:54,040 --> 00:04:56,520 Speaker 1: president since before he took office. Well, I think we 82 00:04:56,560 --> 00:04:59,680 Speaker 1: have a long leash there. Um. You know, the Democrats 83 00:04:59,680 --> 00:05:03,800 Speaker 1: have to be concerned that they don't get out in 84 00:05:03,880 --> 00:05:06,120 Speaker 1: front of their skis, over their skis. You know, this 85 00:05:06,200 --> 00:05:10,240 Speaker 1: is what somewhat happened with the Mueller report, that this 86 00:05:10,360 --> 00:05:13,000 Speaker 1: was going to be the big the Muller Report was 87 00:05:13,040 --> 00:05:16,640 Speaker 1: going to be the big thing that caused this to 88 00:05:16,680 --> 00:05:20,200 Speaker 1: fall apart, and uh, it really became not much of 89 00:05:20,200 --> 00:05:25,000 Speaker 1: a It was a dud, right for the most part. Now, 90 00:05:25,640 --> 00:05:28,240 Speaker 1: now now we get to the next one. I'm not 91 00:05:28,279 --> 00:05:31,560 Speaker 1: saying that there's that there's not anything here, but we're 92 00:05:31,600 --> 00:05:34,520 Speaker 1: still very early in the process. We have lots of 93 00:05:34,520 --> 00:05:39,120 Speaker 1: political innuendo, lots of political intrigue, and the news media 94 00:05:39,560 --> 00:05:42,400 Speaker 1: that's really clamoring for every little twist and turn as 95 00:05:42,440 --> 00:05:45,200 Speaker 1: you set as you sensed, and I think that that 96 00:05:45,279 --> 00:05:49,240 Speaker 1: actually makes us a little bit more over the edge 97 00:05:49,279 --> 00:05:51,080 Speaker 1: than we probably ought to be on this. We we 98 00:05:51,120 --> 00:05:54,919 Speaker 1: audi probably weighed this out some, as Pelosi was trying 99 00:05:54,920 --> 00:05:57,200 Speaker 1: to do for in fact, for many of her own 100 00:05:57,240 --> 00:06:01,560 Speaker 1: members who are somewhat in vulnerable districts that this may 101 00:06:01,600 --> 00:06:05,960 Speaker 1: eventually hurt. Frank Possana's here a Republican communications advisor, as 102 00:06:06,040 --> 00:06:09,960 Speaker 1: is Adrian Elrodo, democratic strategist, former director of strategic communications 103 00:06:09,960 --> 00:06:13,279 Speaker 1: to Hillary Clinton's presidential campaign. I'm Kevin Cirelli, Chief Washington, 104 00:06:13,279 --> 00:06:16,080 Speaker 1: corresponded from Bloomberg Television of Bloomberg Radio. So there we 105 00:06:16,120 --> 00:06:18,840 Speaker 1: have it. We've laid it out. Democrats are saying this 106 00:06:18,920 --> 00:06:22,440 Speaker 1: is act absolutely an impeachable offense, that if it were 107 00:06:22,440 --> 00:06:26,640 Speaker 1: any other president, whether it was Bush Obama, and they 108 00:06:26,720 --> 00:06:30,479 Speaker 1: called a foreign leader and raised the prospects of a 109 00:06:30,520 --> 00:06:34,920 Speaker 1: political opponent, that there would be massive political outcry. Republicans 110 00:06:34,920 --> 00:06:37,520 Speaker 1: saying this is a nothing burger. So that's where we 111 00:06:37,560 --> 00:06:40,359 Speaker 1: are today. That's where things stand today. And just to 112 00:06:40,400 --> 00:06:43,640 Speaker 1: catch us up to speed, here President Trump on the 113 00:06:43,680 --> 00:06:47,760 Speaker 1: world stage defending himself to saying that this is a 114 00:06:47,839 --> 00:06:52,359 Speaker 1: quote unquote witch hunt. He spoke with President Zelinsky of 115 00:06:52,440 --> 00:06:55,360 Speaker 1: the Ukraine and I was struck by this. I mean 116 00:06:55,400 --> 00:07:00,680 Speaker 1: the timing here. Truthfully, it's remarkable. Uh. And I say 117 00:07:00,760 --> 00:07:03,520 Speaker 1: that objectively to have while all of this is going 118 00:07:03,560 --> 00:07:06,680 Speaker 1: down a scheduled meeting with the foreign leader who was 119 00:07:06,720 --> 00:07:09,320 Speaker 1: at the center of it. But he says that, uh, 120 00:07:09,480 --> 00:07:11,240 Speaker 1: that he was, that they had a good phone call, 121 00:07:11,720 --> 00:07:15,200 Speaker 1: that they spoke about many, many things. Uh, and that 122 00:07:15,240 --> 00:07:18,760 Speaker 1: nobody was trying to push him. Uh. And then Trump 123 00:07:18,800 --> 00:07:23,120 Speaker 1: interjects that. Trump interjects that no one that that that 124 00:07:23,200 --> 00:07:27,920 Speaker 1: he was not pressuring him at all. Adrian, Yeah, I mean, 125 00:07:27,960 --> 00:07:31,000 Speaker 1: this is again why it's so important for Congress to 126 00:07:31,080 --> 00:07:34,400 Speaker 1: uphold its constitutional responsibility and look into this and get 127 00:07:34,400 --> 00:07:37,960 Speaker 1: more information. Um. Look, the bottom line is this, even 128 00:07:37,960 --> 00:07:41,640 Speaker 1: before the transcript was released, anytime the president of the 129 00:07:41,720 --> 00:07:45,400 Speaker 1: United States asks a foreign leader to interfere in the election, 130 00:07:45,480 --> 00:07:47,800 Speaker 1: that is an impeachable offense. We knew that that happened 131 00:07:47,800 --> 00:07:50,840 Speaker 1: before this transcript was released. Um. By the way, it's 132 00:07:50,840 --> 00:07:54,840 Speaker 1: also not the president of Ukraine's responsibility to make this 133 00:07:54,960 --> 00:07:58,040 Speaker 1: determination about what's right and wrong under the United States 134 00:07:58,320 --> 00:08:01,720 Speaker 1: constitutional law. This is why Congress has to look into this. 135 00:08:01,800 --> 00:08:03,920 Speaker 1: There are so many unknown factors, but what we do 136 00:08:04,040 --> 00:08:07,119 Speaker 1: know is that Donald Trump is scared to death about 137 00:08:07,200 --> 00:08:10,600 Speaker 1: Joe Biden becoming the Democratic Party nominee, and he wants 138 00:08:10,600 --> 00:08:12,720 Speaker 1: to do whatever he can. Let me. Let me just say, Kevin, 139 00:08:12,880 --> 00:08:16,320 Speaker 1: I'm not a constitutional lawyer. I'm not an uh UM one. 140 00:08:16,400 --> 00:08:19,360 Speaker 1: I'm a communications guy, right and so I'm not gonna 141 00:08:19,360 --> 00:08:23,120 Speaker 1: sit here and debate whether this is completely uh in 142 00:08:23,600 --> 00:08:25,680 Speaker 1: an impeachable offense or not, because because I don't think 143 00:08:25,680 --> 00:08:27,440 Speaker 1: people want to hear it. I don't think they're trying 144 00:08:27,480 --> 00:08:30,000 Speaker 1: to make sensitive. I don't think we really know. I mean, 145 00:08:30,040 --> 00:08:31,520 Speaker 1: I don't think we really know. I don't think we 146 00:08:31,560 --> 00:08:33,800 Speaker 1: know anything. I think what this is, what this is 147 00:08:33,880 --> 00:08:38,080 Speaker 1: becoming is um a political battle which you're starting to 148 00:08:38,120 --> 00:08:42,320 Speaker 1: see the battle lines shaping as to where it's going 149 00:08:42,400 --> 00:08:45,000 Speaker 1: to be. And right now, you have a handful of 150 00:08:45,800 --> 00:08:47,800 Speaker 1: You had a significant number of Democrats that have been 151 00:08:47,800 --> 00:08:50,200 Speaker 1: pushing on this issue for a long time. Right, they 152 00:08:50,240 --> 00:08:54,920 Speaker 1: already have an essence begun an impeachment inquiry UM, whether 153 00:08:54,960 --> 00:08:58,000 Speaker 1: it's official or not UM. And you have a certain 154 00:08:58,080 --> 00:09:02,560 Speaker 1: number of Democrats who are in the middle on this, 155 00:09:02,720 --> 00:09:05,960 Speaker 1: that are in red districts, that are very concerned about 156 00:09:06,040 --> 00:09:08,200 Speaker 1: having to be put on record on this issue. At 157 00:09:08,240 --> 00:09:11,520 Speaker 1: the same time, you have a lot of Republicans who um, 158 00:09:11,960 --> 00:09:16,880 Speaker 1: who you know, are part of Washington establishment that have 159 00:09:17,600 --> 00:09:20,520 Speaker 1: you know, been affected by, you know, the the chaos 160 00:09:20,520 --> 00:09:23,720 Speaker 1: of this administration. And I think you know that's the 161 00:09:23,720 --> 00:09:26,080 Speaker 1: way that this president is operated. I've got too, So 162 00:09:26,320 --> 00:09:28,760 Speaker 1: I've got a tough question for each Yea, Frankos, I'll 163 00:09:28,760 --> 00:09:32,560 Speaker 1: start with you. If it wasn't President Trump, and let's 164 00:09:32,559 --> 00:09:35,320 Speaker 1: say it was President Obama who picked up the phone, 165 00:09:35,400 --> 00:09:38,440 Speaker 1: called a foreign leader and raised the prospects of another election, 166 00:09:38,960 --> 00:09:41,480 Speaker 1: would Republicans be responded this way? Well, I can't jump 167 00:09:41,480 --> 00:09:45,120 Speaker 1: through hyper hypotheticals. I will say that they tended to 168 00:09:45,160 --> 00:09:49,080 Speaker 1: be more Republicans in between two thousand and eight and 169 00:09:49,080 --> 00:09:52,520 Speaker 1: two thousand and sixteen were completely uh looking for things 170 00:09:52,600 --> 00:09:56,520 Speaker 1: to attack the president on, whether it was Benghazi or whatever. Right, Um, 171 00:09:56,559 --> 00:10:00,920 Speaker 1: I can tell you from personal experience that Republicans in 172 00:10:01,000 --> 00:10:05,240 Speaker 1: fact probably overplayed their hand back when there was an 173 00:10:05,280 --> 00:10:08,840 Speaker 1: actual impeachment inquiry in which I was working on Capital 174 00:10:08,880 --> 00:10:12,439 Speaker 1: Hill at the time, just before as it was starting out. 175 00:10:12,720 --> 00:10:16,080 Speaker 1: So um, you know, and again, was that an impeachable offense? 176 00:10:16,600 --> 00:10:18,640 Speaker 1: I think there was a lot of argument at the time. 177 00:10:19,040 --> 00:10:21,480 Speaker 1: And the interesting thing about this whole debate is you're 178 00:10:21,480 --> 00:10:24,439 Speaker 1: gonna get You're gonna have c You're gonna have c 179 00:10:24,679 --> 00:10:29,280 Speaker 1: span sound from each side, which is completely the opposite 180 00:10:29,280 --> 00:10:31,440 Speaker 1: of where they are today. And it just goes to 181 00:10:31,480 --> 00:10:33,680 Speaker 1: show you, um that you gotta be careful about what 182 00:10:33,720 --> 00:10:36,640 Speaker 1: you say at what time, interesting, city, interesting and given 183 00:10:36,679 --> 00:10:39,520 Speaker 1: your Capitol Hill experience. All Adrian, I got a tough 184 00:10:39,600 --> 00:10:44,200 Speaker 1: question for you. So no one's alleging that Hunter Biden 185 00:10:44,520 --> 00:10:48,360 Speaker 1: did anything illegal with taking a spot on this board. Uh, 186 00:10:48,520 --> 00:10:52,760 Speaker 1: Alisma Holdings a Ukrainian company. Uh, it's tough to say. 187 00:10:52,800 --> 00:10:56,439 Speaker 1: It's not an example of nepotism. Respectfully, I think objectively 188 00:10:56,520 --> 00:10:59,760 Speaker 1: folks can make that is this bad news for the 189 00:10:59,760 --> 00:11:02,800 Speaker 1: by In campaign? Because look, Elizabeth Moore. The Quinnipiac poll 190 00:11:02,880 --> 00:11:05,880 Speaker 1: has her now surpassing amongst Democratic voters for the first 191 00:11:05,920 --> 00:11:08,080 Speaker 1: time Joe Biden. There was a mom at the university 192 00:11:08,120 --> 00:11:10,520 Speaker 1: pull out earlier this week where she's now beating Biden 193 00:11:10,880 --> 00:11:15,920 Speaker 1: in Iowa and in New Hampshire. Does can can? Can 194 00:11:16,080 --> 00:11:19,160 Speaker 1: Democratic voters separate this and say, if Elizabeth Boreen is 195 00:11:19,240 --> 00:11:23,720 Speaker 1: running on an anti corruption, anti chrony message, should Joe 196 00:11:23,720 --> 00:11:28,120 Speaker 1: Biden have to answer to this? This relationship, these business 197 00:11:28,200 --> 00:11:32,080 Speaker 1: dealings not necessarily because they're illegal. But there's a difference 198 00:11:32,120 --> 00:11:35,680 Speaker 1: between chrony and illegal. Well, and that's a good question 199 00:11:35,679 --> 00:11:37,560 Speaker 1: that you tea up, Kevin, and I think it's a 200 00:11:37,600 --> 00:11:39,800 Speaker 1: little The short answer is, I think it's a little 201 00:11:39,840 --> 00:11:43,920 Speaker 1: too early to determine how this will impact Joe Biden's candidacy, 202 00:11:43,960 --> 00:11:46,760 Speaker 1: whether it will help him or hurt him. I mean sure, 203 00:11:46,800 --> 00:11:50,640 Speaker 1: on the surface, anytime we're talking about the President talking 204 00:11:50,720 --> 00:11:53,760 Speaker 1: to the President of Ukraine and putting this pressure on 205 00:11:53,880 --> 00:11:57,880 Speaker 1: him to um turnover quote unquote opposition research dirt on 206 00:11:57,960 --> 00:12:01,200 Speaker 1: Unter Biden exchange for foreign aid, I mean that is 207 00:12:01,200 --> 00:12:03,280 Speaker 1: not a good thing for Joe Biden because you immediately 208 00:12:03,320 --> 00:12:06,200 Speaker 1: the next sentences Hunter Biden, right, So that why was 209 00:12:06,240 --> 00:12:08,240 Speaker 1: this even an issue? Well, because he's trying to get 210 00:12:08,280 --> 00:12:11,320 Speaker 1: dirt on Joe Biden's son, Hunter Biden. Um. So that 211 00:12:11,480 --> 00:12:14,160 Speaker 1: is that's never a good situation for any candidate to 212 00:12:14,760 --> 00:12:16,840 Speaker 1: have that being brought into the equation. However, on the 213 00:12:16,840 --> 00:12:18,720 Speaker 1: flip side, I think you can also look at this 214 00:12:18,760 --> 00:12:22,120 Speaker 1: and say, here's a moment for Joe Biden to really 215 00:12:22,280 --> 00:12:27,120 Speaker 1: engage in gender sympathy from Democratic you know party voters 216 00:12:27,160 --> 00:12:30,080 Speaker 1: who think this is ridiculous, This whole thing is, you know, 217 00:12:30,200 --> 00:12:33,320 Speaker 1: he's a victim here and is he able to basically 218 00:12:33,360 --> 00:12:38,640 Speaker 1: generate more support and more, you know, a Democratic primary. 219 00:12:38,679 --> 00:12:40,839 Speaker 1: And he's taping with Jimmy Knell tonight. Coming up much 220 00:12:40,880 --> 00:12:43,560 Speaker 1: more from the panel. I'm Kevin CURRELLI, Chief Washington correspondent 221 00:12:43,600 --> 00:12:52,400 Speaker 1: for Bloomberg TV and Bloomberg Radio. This is Bloomberg Markets, 222 00:12:52,520 --> 00:12:55,559 Speaker 1: headlines and breaking news twenty four hours a day at 223 00:12:55,559 --> 00:12:58,520 Speaker 1: Bloomberg dot Com, the Bloomberg Business app, and end up 224 00:12:58,520 --> 00:13:03,360 Speaker 1: TikTok on Twitter. He's a Bloomberg Business la Perloomberg World Headquarters. 225 00:13:03,400 --> 00:13:05,480 Speaker 1: I'm Charlie Pelle. To move higher for the tal The 226 00:13:05,600 --> 00:13:09,280 Speaker 1: SMP and nestacks stocks advanced stas renewed signs of easing 227 00:13:09,360 --> 00:13:14,839 Speaker 1: trade tensions diverted attention from these swirling impeachment drama in Washington. 228 00:13:14,920 --> 00:13:17,079 Speaker 1: We will have more on that coming up right here 229 00:13:17,120 --> 00:13:20,560 Speaker 1: on Sound on special edition. The SMP five hundred index 230 00:13:20,600 --> 00:13:24,120 Speaker 1: halting a three day slide, with tech and bank shares 231 00:13:24,400 --> 00:13:27,679 Speaker 1: pacing the gain. Equities rattled by the political turmoil in 232 00:13:27,720 --> 00:13:31,720 Speaker 1: America did turn higher after President Trump suggested a trade 233 00:13:31,720 --> 00:13:34,559 Speaker 1: deal with China was possible and then moved toward a 234 00:13:34,600 --> 00:13:38,720 Speaker 1: pact with Japan. SMP five hundred, Indecks up eighteen, a 235 00:13:38,720 --> 00:13:41,280 Speaker 1: gain of six tenths of one percent. Nez Stack up 236 00:13:41,320 --> 00:13:44,280 Speaker 1: eighty three, a gain there of one percent. To Dow 237 00:13:44,400 --> 00:13:47,040 Speaker 1: up a hundred and sixty two points higher by six 238 00:13:47,080 --> 00:13:51,120 Speaker 1: tenths of one percent. The Bloomberg Global Business Forum underway 239 00:13:51,200 --> 00:13:53,160 Speaker 1: in New York City, and at the forum today we 240 00:13:53,200 --> 00:13:56,520 Speaker 1: asked JP Morgan, Chase Girman, and CEO Jamie Diamond about 241 00:13:56,600 --> 00:14:01,320 Speaker 1: his presidential ambitions. At one point discussed it with my wife. 242 00:14:02,040 --> 00:14:03,760 Speaker 1: She had a funny line. She said, you can run 243 00:14:03,760 --> 00:14:06,200 Speaker 1: for any office that you'd like, just not with this wife, 244 00:14:06,280 --> 00:14:10,679 Speaker 1: another mind, someone else. I thought that was somewhat discouraging. 245 00:14:13,080 --> 00:14:15,640 Speaker 1: The ten year down twenty thirty seconds, with the yield 246 00:14:15,720 --> 00:14:19,320 Speaker 1: of one point seven three gold Little changed up ten 247 00:14:19,360 --> 00:14:22,840 Speaker 1: cents fifteen O four the ounce West Texas Enemedia crewed 248 00:14:22,840 --> 00:14:26,320 Speaker 1: down one point one percent fifty six sixty barrel so 249 00:14:26,400 --> 00:14:30,000 Speaker 1: once again recapping stocks higher. SMP up eighteen. That was 250 00:14:30,040 --> 00:14:33,120 Speaker 1: a gain of six tenths of one percent. I'm Charlie Pettled. 251 00:14:33,160 --> 00:14:36,440 Speaker 1: Our special edition of sound On continues once again. Here's 252 00:14:36,760 --> 00:14:40,640 Speaker 1: Kevin SURRELLI I'm Kevin CURRELLI, Chief Washington correspondent from Bloomberg 253 00:14:40,680 --> 00:14:44,440 Speaker 1: Television and Bloomberg Radio. Another busy day on Capitol Hill. 254 00:14:44,640 --> 00:14:47,480 Speaker 1: Just within the last hour, President Trump speaking at the 255 00:14:47,600 --> 00:14:51,600 Speaker 1: United States Mission at the United Nations, addressing reporters and 256 00:14:51,680 --> 00:14:57,080 Speaker 1: digging in refuting allegations that he acted improperly with Ukrainian 257 00:14:57,120 --> 00:15:01,680 Speaker 1: President Zelinski on a phone call air. According to a transcript, 258 00:15:02,160 --> 00:15:06,760 Speaker 1: he did mention Hunter Biden, the son of Joe Biden, 259 00:15:07,040 --> 00:15:12,120 Speaker 1: with regards to that business dealing where Hunter Biden had 260 00:15:12,120 --> 00:15:16,440 Speaker 1: accepted being on the board of Balincimo Holdings, a Ukrainian 261 00:15:16,920 --> 00:15:20,920 Speaker 1: energy company. Meanwhile, up on Capitol Hill, the whistleblower complaint 262 00:15:21,160 --> 00:15:24,640 Speaker 1: that started at all has now been transmitted hand delivered 263 00:15:24,920 --> 00:15:28,760 Speaker 1: to Capitol Hill for for both the Senate Intelligence Committees 264 00:15:29,000 --> 00:15:32,520 Speaker 1: and the House Intelligence Committees to be looking into it. 265 00:15:32,760 --> 00:15:34,720 Speaker 1: I spent all day up on Capitol Hill talking to 266 00:15:34,880 --> 00:15:37,560 Speaker 1: lawmakers on both sides of the aisle, staffers on both 267 00:15:37,600 --> 00:15:41,000 Speaker 1: sides of the aisle. Right now, it's a there's it's 268 00:15:41,000 --> 00:15:44,880 Speaker 1: it's a partisan story. Democrats are backing Speaker Pelosi, Republicans 269 00:15:44,880 --> 00:15:48,320 Speaker 1: are backing President Trump. Tomorrow, Joe McGuire, who was the 270 00:15:48,360 --> 00:15:53,880 Speaker 1: acting director of National Intelligence is set to testify before 271 00:15:53,960 --> 00:15:57,240 Speaker 1: the House Intelligence Committee, so I want to stick with 272 00:15:57,320 --> 00:16:01,120 Speaker 1: congressional reaction because that's really where the story heads, at 273 00:16:01,200 --> 00:16:03,600 Speaker 1: least for the next forty eight hours. That's why I'm 274 00:16:03,600 --> 00:16:06,280 Speaker 1: so grateful and have so much gratitude that my panel 275 00:16:06,320 --> 00:16:09,640 Speaker 1: of all stars is here with me in studio. Adrian L. Rod, 276 00:16:09,680 --> 00:16:14,320 Speaker 1: democratic strategist former director of strategic communications to Hillary Clinton's 277 00:16:14,480 --> 00:16:18,800 Speaker 1: presidential campaign, and Frank Massano, partner at brace Well's Policy 278 00:16:18,840 --> 00:16:24,160 Speaker 1: Resolution Group and a GOP communications advisor to several Republican 279 00:16:24,200 --> 00:16:28,040 Speaker 1: lawmakers on Capitol Hill. Thank you both for being here. Frank, 280 00:16:28,080 --> 00:16:30,880 Speaker 1: I'll start with you, Send a majority leader, Mitch McConnell. 281 00:16:31,240 --> 00:16:35,040 Speaker 1: Send a majority leader Mitch McConnell today. Sticking with President Trump, 282 00:16:35,040 --> 00:16:36,400 Speaker 1: take a listen to what he said here. He is 283 00:16:36,800 --> 00:16:38,960 Speaker 1: I agree that the D and I should make additional 284 00:16:39,000 --> 00:16:42,760 Speaker 1: information available to the committee so it can evaluate the 285 00:16:42,840 --> 00:16:47,000 Speaker 1: compliant consistent with the statute and other procedures that exist 286 00:16:47,080 --> 00:16:52,400 Speaker 1: a safeguard classified and sensitive information. What I don't want 287 00:16:52,400 --> 00:16:54,560 Speaker 1: to do is have a partisan bickering fight, and I 288 00:16:54,560 --> 00:16:56,560 Speaker 1: don't think you two want to do that either, nor 289 00:16:56,600 --> 00:16:58,160 Speaker 1: do I think our listeners want to hear that. I 290 00:16:58,200 --> 00:17:01,600 Speaker 1: want to walk folks through behind the scenes, what is 291 00:17:01,640 --> 00:17:05,360 Speaker 1: happening right now. Frank you mentioned that during the nineteen 292 00:17:05,400 --> 00:17:09,320 Speaker 1: nineties impeachment saga, as that was getting kickstarted, you were, 293 00:17:09,359 --> 00:17:12,359 Speaker 1: you were working on Capitol Hill. You know, intimately, the 294 00:17:12,480 --> 00:17:16,600 Speaker 1: lawmakers that are in the halls of Congress, the Republican 295 00:17:16,680 --> 00:17:19,880 Speaker 1: Caucus tonight, when they're in the back rooms, when they're 296 00:17:19,960 --> 00:17:23,280 Speaker 1: at p. J. Clark's, when they're at Cafe Milano, what 297 00:17:23,359 --> 00:17:26,439 Speaker 1: are they talking about in terms of their strategy to 298 00:17:26,600 --> 00:17:29,440 Speaker 1: get through the next twenty four hours. Well, I don't 299 00:17:29,440 --> 00:17:31,399 Speaker 1: I don't know that they're talking about a lot of stuff, 300 00:17:31,600 --> 00:17:34,760 Speaker 1: but I it's surprising. I think one of the things 301 00:17:34,960 --> 00:17:37,600 Speaker 1: you have to get to with these guys is, you know, 302 00:17:37,720 --> 00:17:41,200 Speaker 1: I think a lot of them know that Trump isn't, 303 00:17:41,680 --> 00:17:46,760 Speaker 1: has is, has been, always will be an unconventional type 304 00:17:46,960 --> 00:17:52,920 Speaker 1: of candidate president, uh, communicator, however you want to call it. 305 00:17:53,119 --> 00:17:55,600 Speaker 1: He's always going to be unconventional. He's not gonna do 306 00:17:55,760 --> 00:17:58,280 Speaker 1: things the way they do things. So I think that's 307 00:17:58,359 --> 00:18:02,120 Speaker 1: part of the reason they take a step back and 308 00:18:02,800 --> 00:18:05,679 Speaker 1: uh and and and look at the way he's talking 309 00:18:05,720 --> 00:18:08,920 Speaker 1: about things. Secondly, I think they take what they can 310 00:18:09,040 --> 00:18:12,199 Speaker 1: out of it and know where their base is. And 311 00:18:12,240 --> 00:18:16,800 Speaker 1: they also, I think UM think about how they can 312 00:18:17,520 --> 00:18:20,520 Speaker 1: adjust to what he's saying and doing so that they 313 00:18:20,520 --> 00:18:23,320 Speaker 1: can give give themselves some cover as well. But to 314 00:18:23,359 --> 00:18:26,360 Speaker 1: their constituents, frank and in suburban districts who have pivoted 315 00:18:26,359 --> 00:18:30,200 Speaker 1: back and forth and are independent voters, Republicans right cannot 316 00:18:30,200 --> 00:18:33,360 Speaker 1: be perceived as immediately saying no. They have to be measured. 317 00:18:33,680 --> 00:18:36,320 Speaker 1: As McConnell said, I mean, he wants to hear the 318 00:18:36,359 --> 00:18:38,880 Speaker 1: whistleblowers and planet They've got to take their time to something. 319 00:18:39,000 --> 00:18:40,800 Speaker 1: And I think that's what you're seeing here. You're seeing 320 00:18:40,800 --> 00:18:44,560 Speaker 1: a measure strategy. You're you're looking at a measured response 321 00:18:45,040 --> 00:18:47,800 Speaker 1: based on who and where you are, UM, who's up 322 00:18:47,800 --> 00:18:51,200 Speaker 1: for reelection, who's not UM, based on what things you've 323 00:18:51,240 --> 00:18:53,600 Speaker 1: said in the past, how you've handled Trump issues in 324 00:18:53,640 --> 00:18:55,840 Speaker 1: the past. I think all of these things are coming 325 00:18:55,840 --> 00:18:59,479 Speaker 1: into consideration when members look at these things. Adrian el 326 00:18:59,560 --> 00:19:02,920 Speaker 1: roddamer Cratic strategists take a listen to House Intelligence Committee 327 00:19:02,960 --> 00:19:08,240 Speaker 1: Chairman Adam Schiff as he relayed earlier today what he 328 00:19:08,320 --> 00:19:11,720 Speaker 1: believed or how he believes this has gone on. Here's 329 00:19:11,720 --> 00:19:15,480 Speaker 1: Adam schiff like any mafia boss. The President didn't need 330 00:19:15,560 --> 00:19:18,440 Speaker 1: to say, that's a nice country you have. Would be 331 00:19:18,480 --> 00:19:21,439 Speaker 1: a shame if something happened to it, because that was 332 00:19:21,520 --> 00:19:24,479 Speaker 1: clear from the conversation. All right, So, as you know, 333 00:19:24,560 --> 00:19:27,600 Speaker 1: Adrian again is someone who you know these members personally, 334 00:19:27,720 --> 00:19:32,679 Speaker 1: you talk to them, you know, the campaigns personally. The 335 00:19:32,760 --> 00:19:35,120 Speaker 1: debate right now is, and I don't want to stay 336 00:19:35,160 --> 00:19:38,600 Speaker 1: that a tactical debate for the Democrats is whether to 337 00:19:38,720 --> 00:19:43,600 Speaker 1: focus in on this Ukraine issue independently or to bring 338 00:19:43,680 --> 00:19:47,000 Speaker 1: multiple fronts of the six investigations that are ongoing in 339 00:19:47,040 --> 00:19:50,199 Speaker 1: the House of Representatives. And and take me behind the 340 00:19:50,280 --> 00:19:53,240 Speaker 1: scenes of that debate and why Speaker Pelosi, as a 341 00:19:53,240 --> 00:19:57,080 Speaker 1: political referee of her caucus, is having to navigate that 342 00:19:57,160 --> 00:19:59,919 Speaker 1: and the political implications of it. Well, you know, for 343 00:20:00,040 --> 00:20:01,879 Speaker 1: so of all, it's important to keep in mind that 344 00:20:01,920 --> 00:20:04,080 Speaker 1: Speaker Polos, he chose not to do a select committee, 345 00:20:04,160 --> 00:20:08,239 Speaker 1: right she she allowed the chair men the chairwomen of 346 00:20:08,440 --> 00:20:13,119 Speaker 1: the committees that have jurisdiction over certain aspects of controversy 347 00:20:13,240 --> 00:20:17,040 Speaker 1: regarding President Trump, whether it's Russian election influence um and 348 00:20:17,119 --> 00:20:20,320 Speaker 1: of course the Ukraine situation, his tax you know, failure 349 00:20:20,320 --> 00:20:23,400 Speaker 1: to turn over tax returns. There's a bevy of committees 350 00:20:23,400 --> 00:20:27,320 Speaker 1: that have jurisdiction over certain elements of this potential impeachment 351 00:20:27,320 --> 00:20:31,560 Speaker 1: process should it actually become an impeachment on the floor. UM. 352 00:20:31,680 --> 00:20:33,320 Speaker 1: So I think that was smart of her because look, 353 00:20:33,359 --> 00:20:35,919 Speaker 1: these are people who have you know, certainly have expertise, 354 00:20:35,920 --> 00:20:40,560 Speaker 1: who have worked really hard to achieve chair persons status 355 00:20:40,560 --> 00:20:43,679 Speaker 1: of their respective committees. Um. When it comes to Adam Schiff, 356 00:20:43,800 --> 00:20:46,399 Speaker 1: I mean, there is just nobody better when it comes 357 00:20:46,440 --> 00:20:51,480 Speaker 1: to you know, understanding data, understanding information, taking it all 358 00:20:51,520 --> 00:20:54,879 Speaker 1: in and then communicating it in such an effective, very 359 00:20:54,880 --> 00:20:58,680 Speaker 1: straightforward manner. We are very lucky that he remains chair 360 00:20:58,680 --> 00:21:00,879 Speaker 1: of the Intelligence Committee. At there was some question that 361 00:21:00,960 --> 00:21:03,000 Speaker 1: might maybe he wouldn't remain in that position because I 362 00:21:03,040 --> 00:21:06,720 Speaker 1: believe it's a too um two term position, but he was. 363 00:21:06,800 --> 00:21:09,360 Speaker 1: He got an exemption, was able to stay on UM. 364 00:21:09,359 --> 00:21:11,439 Speaker 1: But look, we're gonna see what these guys come up with. 365 00:21:11,480 --> 00:21:14,000 Speaker 1: I mean, they've got some time to investigate. I will 366 00:21:14,040 --> 00:21:15,919 Speaker 1: say that I hope that this does not bleed on 367 00:21:16,160 --> 00:21:18,920 Speaker 1: too long into the election cycle because you know, there 368 00:21:19,000 --> 00:21:20,800 Speaker 1: is a theory and again I think it's still too 369 00:21:20,800 --> 00:21:23,480 Speaker 1: early to determine this. But there is a theory that 370 00:21:24,040 --> 00:21:29,400 Speaker 1: when if impeachment happens, the entire election process essentially freezes 371 00:21:29,840 --> 00:21:31,480 Speaker 1: it's and that's that's the point that we're going to 372 00:21:31,560 --> 00:21:33,679 Speaker 1: discuss more. I'm so glad you let us there, Adrian, 373 00:21:33,680 --> 00:21:35,439 Speaker 1: because it's coming up. We're going to talk about the 374 00:21:35,440 --> 00:21:38,679 Speaker 1: political implications of it. This just thirteen months until the 375 00:21:38,720 --> 00:21:42,479 Speaker 1: next election. Fascinating insights from both Frank and Adrian. I'm 376 00:21:42,560 --> 00:21:45,200 Speaker 1: Kevin Curreli. Much more on this coming up, Kevin Cirelli. 377 00:21:45,240 --> 00:21:54,359 Speaker 1: You're listening to Bloomberg Markets, headlines and breaking news twenty 378 00:21:54,359 --> 00:21:57,200 Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg 379 00:21:57,280 --> 00:22:01,320 Speaker 1: Business app, and TikTok on Twitter. She's at Bloomberg Business 380 00:22:01,359 --> 00:22:05,399 Speaker 1: Left World hand Quarters. I'm Charlie Pellet and update for 381 00:22:05,440 --> 00:22:08,000 Speaker 1: the dial, the SMP and nez Dac SMP halting a 382 00:22:08,119 --> 00:22:11,800 Speaker 1: three day slide, technology and bank shares pacing the game, 383 00:22:11,960 --> 00:22:16,720 Speaker 1: stocks roses, renewed signs of easing trade tensions, diverted attention 384 00:22:16,800 --> 00:22:20,520 Speaker 1: from the swirling impeachment drama in Washington. Will have more 385 00:22:20,600 --> 00:22:22,840 Speaker 1: coming up in just a moment, as our special edition 386 00:22:22,840 --> 00:22:26,359 Speaker 1: of sound On continues. SMP up eighteen again. There of 387 00:22:26,440 --> 00:22:29,320 Speaker 1: six tenths of one percent. The Dow advanced one hundred 388 00:22:29,400 --> 00:22:32,760 Speaker 1: sixty two points, up six tenths of one percent. Nestak 389 00:22:32,840 --> 00:22:35,440 Speaker 1: Hire by eighty three points, up today by one point 390 00:22:35,520 --> 00:22:39,160 Speaker 1: one percent, Tenure down twenty six thirty second, Zeal now 391 00:22:39,359 --> 00:22:43,400 Speaker 1: one point seven three percent. Gold little change right now 392 00:22:43,560 --> 00:22:46,399 Speaker 1: up ten cents the ounce at fifteen oh four. Crude 393 00:22:46,440 --> 00:22:49,600 Speaker 1: Oil West Texas teremediate lower today by one point four percent. 394 00:22:49,960 --> 00:22:54,119 Speaker 1: Fifty six nine barrel recapping stocks, hire S and p 395 00:22:54,359 --> 00:22:56,760 Speaker 1: up eighteen, a gain of six tenths of one percent. 396 00:22:57,240 --> 00:23:00,560 Speaker 1: I'm Charlie Pellet. Our special edition of sound On continues 397 00:23:00,640 --> 00:23:06,919 Speaker 1: once again. Here's Kevin Cirelli. This is Bloomberg's sound On 398 00:23:07,240 --> 00:23:11,640 Speaker 1: with Kevin Shirley on Bloomberg and one oh five point 399 00:23:11,720 --> 00:23:14,640 Speaker 1: seven f m h D two here that we had. 400 00:23:16,359 --> 00:23:21,119 Speaker 1: I think good phone call. It was normal. We spoke 401 00:23:21,160 --> 00:23:26,680 Speaker 1: about many scenks, and so I think and you read 402 00:23:26,760 --> 00:23:31,120 Speaker 1: it that Normody push it Bush me yess. No pressure, 403 00:23:31,920 --> 00:23:36,160 Speaker 1: in other words, no pressure. That was President Trump speaking 404 00:23:36,200 --> 00:23:43,000 Speaker 1: with Ukraine President Voladimir Zelenski earlier today at the United Nations, 405 00:23:43,560 --> 00:23:47,480 Speaker 1: following the release of that five page transcript of their call. 406 00:23:48,000 --> 00:23:51,600 Speaker 1: I'm Kevin Cirelli Chief Washington corresponded from Bloomberg Television and 407 00:23:51,640 --> 00:23:56,240 Speaker 1: Bloomberg Radio. My guests are Adrian L. Rod, democratic strategist, 408 00:23:56,240 --> 00:24:00,560 Speaker 1: former director of strategic communications for the Hillary Clinton presidential campaign, 409 00:24:00,680 --> 00:24:04,760 Speaker 1: and Frank Massano, energy insider, a partner at brace Well's 410 00:24:04,800 --> 00:24:09,480 Speaker 1: Policy Resolution Group, and former GOP communications advisor. Adrian, I 411 00:24:09,520 --> 00:24:11,840 Speaker 1: hate to put you on blast, but I was watching 412 00:24:12,000 --> 00:24:17,080 Speaker 1: your face react to that sound bite of Zalinski and 413 00:24:17,560 --> 00:24:20,359 Speaker 1: then Trump saying, in other words, no pressure, and I 414 00:24:20,480 --> 00:24:22,920 Speaker 1: just want to I want to ask you what what 415 00:24:23,000 --> 00:24:25,080 Speaker 1: was going through your mind as you heard that. I'll 416 00:24:25,119 --> 00:24:27,960 Speaker 1: tell you what exactly what was going through my mind, Kevin. 417 00:24:28,640 --> 00:24:32,840 Speaker 1: That exactly that exchange right there is exactly why Congress 418 00:24:32,840 --> 00:24:35,720 Speaker 1: has got to look into this, and that's why an impeachment, 419 00:24:35,720 --> 00:24:39,480 Speaker 1: the inquiry was opened by Speaker Pelosium. You've got the 420 00:24:39,520 --> 00:24:42,840 Speaker 1: president of Ukraine saying, oh, there was no pressure, you know, 421 00:24:42,880 --> 00:24:45,920 Speaker 1: there was no quid pro quo essentially and paraphrasing, and 422 00:24:45,960 --> 00:24:48,280 Speaker 1: then you have Donald Trump saying, yeah, no pressure. I mean, 423 00:24:49,000 --> 00:24:51,679 Speaker 1: the two of these people trying to make this determination 424 00:24:52,720 --> 00:24:57,840 Speaker 1: on something that is absolutely not legal for a president 425 00:24:57,920 --> 00:25:00,560 Speaker 1: to do. To pressure a foreign govern meant to get 426 00:25:00,560 --> 00:25:04,320 Speaker 1: opposition research in order to against his opponent. I mean, 427 00:25:04,359 --> 00:25:08,520 Speaker 1: this is exactly why Congress is exercising overside on your 428 00:25:08,600 --> 00:25:12,960 Speaker 1: sid Well, I just think that well, first of all, look, 429 00:25:13,040 --> 00:25:16,000 Speaker 1: this is very early in the political investigation of this. 430 00:25:16,560 --> 00:25:19,520 Speaker 1: I'm not saying it it needs to go forward, right, 431 00:25:19,720 --> 00:25:22,440 Speaker 1: They'll do what they do, um, But the reality is 432 00:25:22,560 --> 00:25:25,639 Speaker 1: where you know that I watched the nn most of 433 00:25:25,640 --> 00:25:29,760 Speaker 1: the day today, I watched the Bloomberg t sho for 434 00:25:30,520 --> 00:25:33,320 Speaker 1: the business side. But you know, the crazier you get 435 00:25:33,800 --> 00:25:36,120 Speaker 1: um when you go to MSNBC and things like that. 436 00:25:36,320 --> 00:25:40,320 Speaker 1: They really just want uh, they really just want to 437 00:25:40,359 --> 00:25:44,320 Speaker 1: make this a part is an issue, right, And unfortunately 438 00:25:45,400 --> 00:25:48,880 Speaker 1: I'm a contributor for ms that goes here, that goes 439 00:25:48,880 --> 00:25:51,760 Speaker 1: in the wrong direction for where this probably ought to go. Well, 440 00:25:51,840 --> 00:25:53,479 Speaker 1: let's talk about all right. Look, I mean, like, so, 441 00:25:53,840 --> 00:25:55,680 Speaker 1: what I don't want to do is do a partisan 442 00:25:55,720 --> 00:25:57,199 Speaker 1: back and forth. I don't think our audience wants to hear. 443 00:25:57,240 --> 00:25:59,880 Speaker 1: I think folks want to know what's next. And that's 444 00:26:00,000 --> 00:26:04,000 Speaker 1: of this process gets incredibly interesting because in the next 445 00:26:04,040 --> 00:26:08,400 Speaker 1: twenty four hours tomorrow, we're gonna be hearing from Joe McGuire, 446 00:26:08,440 --> 00:26:12,000 Speaker 1: who's the Acting Director of National Intelligence. He testifies in 447 00:26:12,040 --> 00:26:15,320 Speaker 1: the House and then actually the Senate. The Senate, the 448 00:26:15,359 --> 00:26:19,960 Speaker 1: Republican controlled Senate Intelligence Committee has has invited the whistleblower 449 00:26:20,040 --> 00:26:22,960 Speaker 1: to meet with them as early as Friday, and I 450 00:26:23,000 --> 00:26:25,280 Speaker 1: heard some rumblings on Capitol Hill where I was all 451 00:26:25,320 --> 00:26:29,400 Speaker 1: all day today talking to folks, saying they're fully anticipating 452 00:26:29,400 --> 00:26:31,439 Speaker 1: there could even be a hearing as early as this 453 00:26:31,480 --> 00:26:35,399 Speaker 1: week with this whistleblower. I want to pick up on something, Adrian, 454 00:26:35,440 --> 00:26:38,600 Speaker 1: that you said earlier in terms of the timeline, because 455 00:26:38,640 --> 00:26:41,159 Speaker 1: so much of the business community is trying to decipher. 456 00:26:41,680 --> 00:26:44,760 Speaker 1: We didn't really see any reaction on the street today 457 00:26:44,800 --> 00:26:47,400 Speaker 1: off of this news, but they're trying to decipher what 458 00:26:47,680 --> 00:26:52,040 Speaker 1: precisely this means on policy issues ranging from drug prices 459 00:26:52,080 --> 00:26:54,439 Speaker 1: to U S, m c A and the like, on 460 00:26:54,600 --> 00:26:57,080 Speaker 1: policy the Eurasia Group. They're all scrambling and they trying 461 00:26:57,119 --> 00:27:00,200 Speaker 1: to draft their memos on what's going on in time line. 462 00:27:00,240 --> 00:27:02,840 Speaker 1: You said something earlier that I want you to expand on. 463 00:27:03,520 --> 00:27:05,600 Speaker 1: Does this have to get wrapped up by the end 464 00:27:05,600 --> 00:27:08,400 Speaker 1: of the year, because come next year, I mean, it's 465 00:27:08,400 --> 00:27:11,679 Speaker 1: the Iowa Caucus, it's it's the primaries, the convention and 466 00:27:11,720 --> 00:27:14,760 Speaker 1: then you've got the election in November. Well, look, Kevin, 467 00:27:14,800 --> 00:27:16,800 Speaker 1: I think this is a difficult question to answer because 468 00:27:16,800 --> 00:27:18,680 Speaker 1: on the one hand, you want the process to work 469 00:27:18,720 --> 00:27:22,240 Speaker 1: out exactly the way it should. You want every stone 470 00:27:22,320 --> 00:27:25,560 Speaker 1: and turned, you want every piece of evidence UM put 471 00:27:25,640 --> 00:27:28,160 Speaker 1: forward because it's a very serious issue, and when you're 472 00:27:28,200 --> 00:27:31,199 Speaker 1: going through impeach potential impeachment of the President United States, 473 00:27:31,480 --> 00:27:33,960 Speaker 1: you don't want to leave anything out. UM. However, on 474 00:27:34,000 --> 00:27:36,879 Speaker 1: the other side, we do have my party and we 475 00:27:36,960 --> 00:27:38,760 Speaker 1: have an election that we want to win. We want 476 00:27:38,760 --> 00:27:41,760 Speaker 1: to defeat Donald Trump. And if you have a two 477 00:27:41,800 --> 00:27:45,120 Speaker 1: track process where you're talking about impeachment and that's driving 478 00:27:45,600 --> 00:27:47,560 Speaker 1: at least half the news, and then you've got the 479 00:27:47,560 --> 00:27:49,560 Speaker 1: primary driving the other half of the news, or all 480 00:27:49,600 --> 00:27:53,120 Speaker 1: the other factors that are half and very it makes 481 00:27:53,119 --> 00:27:56,440 Speaker 1: it very difficult to even get your message out if 482 00:27:56,480 --> 00:27:58,600 Speaker 1: if you're running, you know, if you're running against Donald 483 00:27:58,600 --> 00:28:01,400 Speaker 1: Trump as a candidate. So look at the bottom mind 484 00:28:01,400 --> 00:28:04,240 Speaker 1: exist Leader Pelosi is aware of that. She knows that 485 00:28:04,280 --> 00:28:07,719 Speaker 1: she is a master at you know, communication, she's a 486 00:28:07,760 --> 00:28:11,520 Speaker 1: master at overseeing her caucus, knowing exactly how to handle this. 487 00:28:11,680 --> 00:28:14,720 Speaker 1: I feel very comfortable with her in this position. I 488 00:28:14,760 --> 00:28:17,719 Speaker 1: am confident as she is done throughout this entire process, 489 00:28:17,720 --> 00:28:19,880 Speaker 1: she will make the right decision. But I do think 490 00:28:19,880 --> 00:28:22,240 Speaker 1: by the time the convention falls around next summer, we 491 00:28:22,320 --> 00:28:24,679 Speaker 1: don't need to be talking about impeachment. We need to 492 00:28:24,680 --> 00:28:27,520 Speaker 1: have this wrapped up President Clinton. When when that impeachment 493 00:28:27,520 --> 00:28:31,200 Speaker 1: process took place, it took about three months. I'm hoping 494 00:28:31,240 --> 00:28:32,960 Speaker 1: that we will see now. You've got to also keep 495 00:28:32,960 --> 00:28:36,440 Speaker 1: in mind, though Republicans were investigating the Clintons all the 496 00:28:36,480 --> 00:28:38,720 Speaker 1: way back to Whitewater, so that was going on for 497 00:28:38,720 --> 00:28:40,600 Speaker 1: at least six seven years. They had a lot of 498 00:28:40,640 --> 00:28:44,400 Speaker 1: information already in the can to make the determinations that 499 00:28:44,440 --> 00:28:46,120 Speaker 1: they did. We don't have as much of that at 500 00:28:46,120 --> 00:28:49,320 Speaker 1: this point. But still, I I the process needs to 501 00:28:49,320 --> 00:28:51,120 Speaker 1: play out, but we still also need to keep it. 502 00:28:51,440 --> 00:28:53,560 Speaker 1: We've got to beat trumpet the ballot, and I do 503 00:28:53,640 --> 00:28:56,840 Speaker 1: want I do think that it's important too that Pelosi 504 00:28:56,880 --> 00:28:59,920 Speaker 1: and others are considering, um, you know, some of the 505 00:29:00,000 --> 00:29:05,040 Speaker 1: these vulnerable districts that they that they swung that they 506 00:29:05,080 --> 00:29:09,240 Speaker 1: swung in. These are important districts, you know, in Abigail 507 00:29:09,320 --> 00:29:12,560 Speaker 1: Spanburger somebody like that is in this area. But there 508 00:29:12,560 --> 00:29:16,560 Speaker 1: are three seats in Michigan and in places like that. UM, 509 00:29:16,600 --> 00:29:19,520 Speaker 1: there's a seat in Michigan that has been overwhelmingly Republican 510 00:29:19,600 --> 00:29:22,960 Speaker 1: over the years, Mike Rogers seat. UM. This is east 511 00:29:22,960 --> 00:29:27,640 Speaker 1: of Lansing, west of ann Arbor. It's very republican district 512 00:29:28,040 --> 00:29:30,320 Speaker 1: that UM. You know that that was won by a 513 00:29:30,360 --> 00:29:32,960 Speaker 1: Democrat and you know by by just a couple of 514 00:29:33,000 --> 00:29:36,080 Speaker 1: thousand votes. So and these are these are districts that 515 00:29:36,320 --> 00:29:40,040 Speaker 1: in a presidential election year could swing right back. And 516 00:29:40,080 --> 00:29:42,360 Speaker 1: that's a risk that they have. And you're you're putting 517 00:29:42,400 --> 00:29:45,240 Speaker 1: some of these candidates in a in a very difficult 518 00:29:45,240 --> 00:29:47,600 Speaker 1: spot by having to put them on point by both 519 00:29:47,600 --> 00:29:51,880 Speaker 1: of you. Because it also if impeachment becomes the story 520 00:29:51,960 --> 00:29:55,200 Speaker 1: in two in the year of two thousand and twenty, uh, 521 00:29:55,320 --> 00:29:58,360 Speaker 1: leading into these down ballot races on the on the 522 00:29:58,400 --> 00:30:02,800 Speaker 1: down ballot boxes, it that's going to be the defining issue. 523 00:30:03,320 --> 00:30:05,960 Speaker 1: It's going to be more difficult to localize. So Adrian, again, 524 00:30:05,960 --> 00:30:07,240 Speaker 1: I'm not trying to put you on the spot here, 525 00:30:07,280 --> 00:30:10,280 Speaker 1: but but essentially, if you're a Pete Buddha judge, or 526 00:30:10,320 --> 00:30:12,240 Speaker 1: you're a better or work or you're a Corey booker, 527 00:30:12,280 --> 00:30:15,680 Speaker 1: and you're heading into the Iowa caucuses and all of 528 00:30:15,720 --> 00:30:20,520 Speaker 1: the news is about impeachment. That's tough. That is tough, right, 529 00:30:20,560 --> 00:30:23,280 Speaker 1: I mean, yeah, I mean it's tough. I I don't know, 530 00:30:23,440 --> 00:30:26,959 Speaker 1: I just you know, look, campaigns can figure out how 531 00:30:26,960 --> 00:30:28,760 Speaker 1: to get their message out, right, And it's not just 532 00:30:28,840 --> 00:30:32,960 Speaker 1: what's driving um you know what's driving news. You know 533 00:30:33,040 --> 00:30:35,440 Speaker 1: the news on cable news outlets, right, it's what's what's 534 00:30:35,440 --> 00:30:37,400 Speaker 1: happening on social media. I mean, there's plenty of other 535 00:30:37,440 --> 00:30:39,640 Speaker 1: ways to get your message out than besides you know, 536 00:30:39,800 --> 00:30:42,600 Speaker 1: cable news. But yes, at the same time, it is 537 00:30:42,640 --> 00:30:46,240 Speaker 1: important for these candidates to be laser focus. Canada's running 538 00:30:46,240 --> 00:30:49,320 Speaker 1: for president to be laser focus on why they're running 539 00:30:49,320 --> 00:30:52,440 Speaker 1: for president. They're not running for president to impeach Donald Trump. 540 00:30:52,720 --> 00:30:56,040 Speaker 1: They're running for president to improve the economy, to you know, 541 00:30:56,160 --> 00:30:58,200 Speaker 1: put more people to work in the jobs that they 542 00:30:58,200 --> 00:31:01,800 Speaker 1: want to be working in. To improve healthcare, to save it, 543 00:31:01,840 --> 00:31:03,880 Speaker 1: not repeal it. There's a whole host that did to 544 00:31:03,880 --> 00:31:07,320 Speaker 1: address climate change, which President Trump has epically failed to 545 00:31:07,320 --> 00:31:10,880 Speaker 1: deal deal with. There's many reasons why they are running 546 00:31:10,880 --> 00:31:13,080 Speaker 1: for president. Impeachment is not one of them, so they 547 00:31:13,120 --> 00:31:15,040 Speaker 1: should not be focused on talking about. Let me. Let 548 00:31:15,080 --> 00:31:16,880 Speaker 1: me go back to one issue that you mentioned about 549 00:31:16,920 --> 00:31:20,080 Speaker 1: the business community. Of course, you know that you ask 550 00:31:20,120 --> 00:31:23,040 Speaker 1: about the certainty in the business community and things like that, 551 00:31:23,080 --> 00:31:26,960 Speaker 1: and I think that this is difficult because it does 552 00:31:27,040 --> 00:31:29,960 Speaker 1: suck up a lot of that oxygen. Right, although what 553 00:31:30,040 --> 00:31:33,680 Speaker 1: I would say your oxygen. What I would say, though, 554 00:31:33,880 --> 00:31:37,200 Speaker 1: is that this has been an unconventional three years. Right, 555 00:31:37,680 --> 00:31:40,840 Speaker 1: We're already we are that we are already in the 556 00:31:40,840 --> 00:31:43,920 Speaker 1: business community used to the uncertainty and the chaos of 557 00:31:43,920 --> 00:31:47,239 Speaker 1: this administration. If you've tried to do anything on the 558 00:31:47,280 --> 00:31:52,120 Speaker 1: policy front, whether it's from ethanol policy or banking policy 559 00:31:52,240 --> 00:31:55,000 Speaker 1: or anything like that. So I think that some of 560 00:31:55,080 --> 00:31:57,479 Speaker 1: that is already baked into the cake. And that's an 561 00:31:57,520 --> 00:31:59,720 Speaker 1: important factor to think about when you talk. There's been 562 00:31:59,760 --> 00:32:03,480 Speaker 1: a recalibration by the Wall by Wall Street globally. Alright, quickly, 563 00:32:03,520 --> 00:32:05,200 Speaker 1: because we've got less than two minutes, but I want 564 00:32:05,200 --> 00:32:07,200 Speaker 1: to give each of your final take in the next 565 00:32:07,240 --> 00:32:08,880 Speaker 1: twenty four hours. What are you going to be looking 566 00:32:08,880 --> 00:32:11,480 Speaker 1: for on this story? Frank, We'll start with you. Well, look, 567 00:32:11,480 --> 00:32:13,560 Speaker 1: it's it's going to have to bake itself, right, We're 568 00:32:13,600 --> 00:32:15,760 Speaker 1: gonna have to see how it plays out. We're gonna 569 00:32:15,760 --> 00:32:19,760 Speaker 1: have to uh see how much detail uh they get 570 00:32:19,800 --> 00:32:23,360 Speaker 1: from the Director of National Intelligence and some of the 571 00:32:23,360 --> 00:32:25,920 Speaker 1: more specific things that find out. I think that's where 572 00:32:25,960 --> 00:32:29,200 Speaker 1: you'll see hardening of positions in my mind. Yeah, and 573 00:32:29,240 --> 00:32:31,760 Speaker 1: the whistleblower report, I mean, we you know, we want 574 00:32:31,760 --> 00:32:33,320 Speaker 1: to hear from him, We want to see the report. 575 00:32:33,880 --> 00:32:36,720 Speaker 1: Um that combined with the d and I report, it's 576 00:32:36,760 --> 00:32:38,360 Speaker 1: going to be very fast and good are bad news 577 00:32:38,360 --> 00:32:41,080 Speaker 1: for Joe Biden. Adrian again, I think it's a draw. 578 00:32:41,320 --> 00:32:43,000 Speaker 1: I think it's a draw at this point. I do 579 00:32:43,120 --> 00:32:45,280 Speaker 1: think that you could look at this from the standpoint 580 00:32:45,280 --> 00:32:46,920 Speaker 1: of the more that this is discussed, the more that 581 00:32:46,960 --> 00:32:49,480 Speaker 1: he's able to go out there show his foreign policy chops. 582 00:32:49,480 --> 00:32:51,760 Speaker 1: I mean, President Trump this morning couldn't even name the 583 00:32:51,760 --> 00:32:55,760 Speaker 1: president of Yukraine, right. Joe Biden has been focusing on 584 00:32:55,800 --> 00:32:58,240 Speaker 1: foreign policy since he first came to Congress at age 585 00:32:58,240 --> 00:33:00,160 Speaker 1: twenty nine years old. Thank you go ahead. I was 586 00:33:00,160 --> 00:33:03,000 Speaker 1: just gonna say, it's all gonna come down to who Democrats, though, 587 00:33:03,200 --> 00:33:06,080 Speaker 1: think can beat Trump. And that's really the key question. 588 00:33:06,240 --> 00:33:08,000 Speaker 1: And you know we've talked about that some. Is it 589 00:33:08,080 --> 00:33:10,200 Speaker 1: kinda be lis with Warren. She's got a lot of 590 00:33:10,240 --> 00:33:13,320 Speaker 1: momentum right now, but I do still think that Democrats 591 00:33:13,400 --> 00:33:16,240 Speaker 1: generally think that want to want to beat Trump. I 592 00:33:16,240 --> 00:33:18,080 Speaker 1: gotta be honest. I've been doing this for like eight 593 00:33:18,160 --> 00:33:22,520 Speaker 1: years now. Today it was a fascinating day in American politics, 594 00:33:23,080 --> 00:33:25,760 Speaker 1: spanning the world really and even into Europe. My thanks, 595 00:33:25,760 --> 00:33:29,760 Speaker 1: my gratitude to Adrian L. Rod, democratic strategist, former director 596 00:33:29,760 --> 00:33:33,680 Speaker 1: of strategic communications for Hillary Clinton's presidential campaign of Frank Massana, who, 597 00:33:33,720 --> 00:33:35,440 Speaker 1: by the way, this was his first time on the program. 598 00:33:35,440 --> 00:33:38,200 Speaker 1: Would you come back fright? Definitely? Will partner at Bracewall's 599 00:33:38,240 --> 00:33:42,200 Speaker 1: Policy Resolution Group, former GOP Communications advisor. Download the Bloomberg 600 00:33:42,240 --> 00:33:44,920 Speaker 1: Sound On podcast on Apple iTunes, Bloomberg dot com, or 601 00:33:44,960 --> 00:33:47,040 Speaker 1: by downloading the Bloomberg Business app. You can also find 602 00:33:47,120 --> 00:33:50,120 Speaker 1: us on I Heart Radio Radio dot com and Spotify. 603 00:33:50,280 --> 00:33:53,640 Speaker 1: That does it for me. I'm Kevin surreally more continuing 604 00:33:53,680 --> 00:33:57,160 Speaker 1: coverage all throughout the week. Uh She Washington, correspondent for 605 00:33:57,200 --> 00:34:02,000 Speaker 1: Bloomberg Television in Bloomberg Radio, and this is Bloomberg