1 00:00:01,440 --> 00:00:06,000 Speaker 1: Now from our nation's capital. This is Bloomberg Sound On. 2 00:00:07,160 --> 00:00:10,160 Speaker 1: The Ukrainian people are united and resilient, and I learned 3 00:00:10,160 --> 00:00:12,559 Speaker 1: that the EU and NATO are also similarly. In the 4 00:00:12,680 --> 00:00:17,160 Speaker 1: United SUSO is acting in a highly contentional way because 5 00:00:17,200 --> 00:00:21,160 Speaker 1: he knows he has leverage from his energy dominance. Bloomberg 6 00:00:21,360 --> 00:00:25,680 Speaker 1: Sound On Politics, Policy and Perspective from DC's top Names. 7 00:00:26,160 --> 00:00:29,040 Speaker 1: We are going to meet to rethink our relationships in 8 00:00:29,200 --> 00:00:31,360 Speaker 1: Western Europe. We do not want to get into a 9 00:00:31,440 --> 00:00:35,080 Speaker 1: situation where Russian and NATO get me into an armed 10 00:00:35,159 --> 00:00:40,000 Speaker 1: conscience Bloomberg Sound On with Joe Matthew on Bloomberg Radio. 11 00:00:41,680 --> 00:00:45,479 Speaker 1: Keith is still standing and under Ukrainian control of President 12 00:00:45,520 --> 00:00:49,400 Speaker 1: Zelenski being called a hero on social media. But how 13 00:00:49,440 --> 00:00:51,800 Speaker 1: long can this last? We'll have the latest on the 14 00:00:51,800 --> 00:00:54,520 Speaker 1: war in Ukraine. The latest as well from Washington, where 15 00:00:54,520 --> 00:00:58,240 Speaker 1: sanctions now cover the Russian Central Bank and President Biden 16 00:00:58,280 --> 00:01:01,120 Speaker 1: is now calling for billions of dollars in aid for Ukraine. 17 00:01:01,560 --> 00:01:04,000 Speaker 1: We'll talk about it. Coming up with Stephen Mull, former 18 00:01:04,560 --> 00:01:08,080 Speaker 1: ambassador to Poland now Vice Provost for Global Affairs at 19 00:01:08,080 --> 00:01:12,360 Speaker 1: the University of Virginia, an authority on sanctions and of course, 20 00:01:12,440 --> 00:01:15,319 Speaker 1: everything that's going on on the other side of Ukraine's 21 00:01:15,319 --> 00:01:18,480 Speaker 1: western border. The Pentagon says Vladimir Putin though still has 22 00:01:18,560 --> 00:01:21,160 Speaker 1: not unleashed the full wrath of his military, and we're 23 00:01:21,160 --> 00:01:23,720 Speaker 1: gonna talk strategy what the next couple of days might 24 00:01:23,720 --> 00:01:26,480 Speaker 1: look like with retired General Ben Hodge's former commander U 25 00:01:26,640 --> 00:01:29,800 Speaker 1: S Army Europe now Pershing Chair in Strategic Studies at 26 00:01:29,800 --> 00:01:33,479 Speaker 1: the Center for European Policy Analysis. We've got the signature 27 00:01:33,520 --> 00:01:37,360 Speaker 1: panel Bluebird Politics contributors Jeanie Chanzano and Rick Davis. Where 28 00:01:37,480 --> 00:01:40,560 Speaker 1: us the headlines have been fast and furious from Ukraine. 29 00:01:41,000 --> 00:01:44,760 Speaker 1: We couldn't stop watching all weekend. US banning transactions with 30 00:01:44,840 --> 00:01:48,960 Speaker 1: Russia's central Bank, now the EU approving new sanctions against 31 00:01:49,040 --> 00:01:53,160 Speaker 1: Russian oligarchs, the UK telling ports not to service Russian 32 00:01:53,280 --> 00:01:57,200 Speaker 1: flagged vehicles. There's another pile of headlines like this every 33 00:01:57,280 --> 00:02:02,040 Speaker 1: day all US fighting intensifies around Kharkiv, the second largest 34 00:02:02,080 --> 00:02:05,440 Speaker 1: city in Ukraine, as well as the capital itself, now 35 00:02:05,520 --> 00:02:10,799 Speaker 1: fighting in the suburbs of Kiev. Remembering on Friday, a 36 00:02:10,960 --> 00:02:15,560 Speaker 1: senior defense official said Kiev could fall within days. It hasn't, 37 00:02:16,800 --> 00:02:19,600 Speaker 1: but there's a large concentration of Russian military about fifteen 38 00:02:19,639 --> 00:02:21,760 Speaker 1: miles north of the city, and we're watching it closely. 39 00:02:21,800 --> 00:02:24,799 Speaker 1: So is the Pentagon, where spokesman John Kirby today says 40 00:02:24,800 --> 00:02:28,080 Speaker 1: the Russian military is learning from all of this and 41 00:02:28,120 --> 00:02:31,120 Speaker 1: has not yet used its full power in Ukraine, suggesting 42 00:02:31,160 --> 00:02:34,160 Speaker 1: that well much heavier fighting and shelling could be on 43 00:02:34,200 --> 00:02:37,400 Speaker 1: the way now. The other side of this story, of course, 44 00:02:37,520 --> 00:02:39,760 Speaker 1: is the refugee crisis. We've talked a lot about this 45 00:02:39,880 --> 00:02:43,520 Speaker 1: the past week. More than five hundred thousand refugees have 46 00:02:43,639 --> 00:02:46,519 Speaker 1: now fled Ukraine. According to Felippe O'Grady, the u n 47 00:02:46,600 --> 00:02:49,799 Speaker 1: High Commissioner for refugees, most have gone to Poland, but 48 00:02:49,840 --> 00:02:53,720 Speaker 1: also to Hungary, Romania, Slovakia, and the US has said 49 00:02:53,720 --> 00:02:58,720 Speaker 1: that number could climb to four million. President Biden, because 50 00:02:58,720 --> 00:03:01,760 Speaker 1: of this, is asking for billions of dollars now six 51 00:03:01,800 --> 00:03:05,040 Speaker 1: point four billion in aid to Ukraine and to help 52 00:03:05,120 --> 00:03:09,760 Speaker 1: manage the refugee crisis. We spoke today with Congressman Jim Clyburne, 53 00:03:09,840 --> 00:03:12,919 Speaker 1: the House Majority whip, told me on Balance of Power 54 00:03:13,040 --> 00:03:15,720 Speaker 1: today that Congress will find the money, and I think 55 00:03:15,760 --> 00:03:20,200 Speaker 1: we'll give the President everything he's asking for. He is 56 00:03:20,280 --> 00:03:24,240 Speaker 1: on top of this He's demonstrated for the last several 57 00:03:24,280 --> 00:03:28,000 Speaker 1: weeks that these in his will allow us, and we're 58 00:03:28,000 --> 00:03:30,960 Speaker 1: going to respond, I think in a very positive way. 59 00:03:32,200 --> 00:03:34,280 Speaker 1: Since I spoke with the Congressman. Senate majority of Leader 60 00:03:34,360 --> 00:03:36,520 Speaker 1: Chuck Schumer chimed and he says Congress will work on 61 00:03:36,600 --> 00:03:39,640 Speaker 1: what he calls a robust aid package. So something's coming. 62 00:03:39,840 --> 00:03:43,080 Speaker 1: And this is where we start now with Stephen mull 63 00:03:43,160 --> 00:03:45,440 Speaker 1: I've been looking forward to having him back, a real 64 00:03:45,560 --> 00:03:48,800 Speaker 1: expert on sanctions. Former ambassador to Poland, now Vice Provost 65 00:03:48,880 --> 00:03:53,280 Speaker 1: for Global Affairs at the University of Virginia. Stephen, thanks 66 00:03:53,280 --> 00:03:55,640 Speaker 1: for joining us. We've added many more layers since you 67 00:03:55,680 --> 00:03:58,400 Speaker 1: and I last spoke. In terms of sanctions. We're now 68 00:03:58,440 --> 00:04:02,120 Speaker 1: talking about swift, We're out talking about Russia's Central Bank. 69 00:04:02,840 --> 00:04:05,360 Speaker 1: Is the Biden administration out of options? Now? Have we 70 00:04:05,480 --> 00:04:10,680 Speaker 1: thrown everything shy of energy at Russia? Uh? Well, we've 71 00:04:10,800 --> 00:04:12,880 Speaker 1: We've done a lot. Thinks it's great to be with you, 72 00:04:12,960 --> 00:04:16,560 Speaker 1: Joe Um if you pointed out a very interesting carve out. Europeans, 73 00:04:16,560 --> 00:04:19,920 Speaker 1: of course get their gas from from Russia, and they're 74 00:04:19,960 --> 00:04:22,159 Speaker 1: a little bit worried about cutting that off in the 75 00:04:22,160 --> 00:04:24,800 Speaker 1: middle of winter. So they've kept that off open as 76 00:04:24,880 --> 00:04:27,200 Speaker 1: a as a as a as an option for them 77 00:04:27,200 --> 00:04:31,280 Speaker 1: to continue to buy the Swift. Exclusion from Swift doesn't 78 00:04:31,320 --> 00:04:35,120 Speaker 1: apply to the entire Russian financial system the way we 79 00:04:35,200 --> 00:04:40,720 Speaker 1: excluded Iran back in UH. It was really targeted more 80 00:04:40,920 --> 00:04:43,160 Speaker 1: at some of the biggest banks, and so I think 81 00:04:43,560 --> 00:04:46,880 Speaker 1: that will give the Russians. It will be inconvenient for them. 82 00:04:47,080 --> 00:04:50,000 Speaker 1: They'll have problems with credit cards and doing basic financial 83 00:04:50,000 --> 00:04:52,359 Speaker 1: transactions for a few weeks, but I think over time 84 00:04:52,560 --> 00:04:54,560 Speaker 1: they're going to be able to get around that. Don't 85 00:04:54,600 --> 00:04:57,599 Speaker 1: remember that was that was the so called nuclear option, 86 00:04:57,760 --> 00:05:01,359 Speaker 1: which I as a tate to use the term because 87 00:05:01,360 --> 00:05:05,080 Speaker 1: now we're actually talking about the possibility of nuclear weapons here. 88 00:05:05,120 --> 00:05:06,640 Speaker 1: But this was, I don't know a better way to 89 00:05:06,680 --> 00:05:08,520 Speaker 1: say it. This is the end all you kick about 90 00:05:08,520 --> 00:05:10,679 Speaker 1: a Swift. My god, you've done it. It's only happened 91 00:05:10,720 --> 00:05:13,960 Speaker 1: once before. But now we're hearing questions about that. You 92 00:05:14,080 --> 00:05:16,320 Speaker 1: just added a few caveats. And we heard from Jamie 93 00:05:16,320 --> 00:05:21,120 Speaker 1: Diamond today who was at the JP Morgan Leverage Finance Conference, 94 00:05:21,120 --> 00:05:24,279 Speaker 1: a big confab happening down in Miami, and Diamond says 95 00:05:24,320 --> 00:05:27,480 Speaker 1: there are ways to work around being booted out of swift. 96 00:05:28,200 --> 00:05:30,960 Speaker 1: A sanction says I cannot do busy with you. A 97 00:05:31,080 --> 00:05:33,560 Speaker 1: swift thing says I can't use a communication to do 98 00:05:33,600 --> 00:05:35,240 Speaker 1: busy with you. I can still do busy with you. 99 00:05:35,640 --> 00:05:37,320 Speaker 1: And there are a lot of workingrounds in the SWIFT 100 00:05:37,360 --> 00:05:41,520 Speaker 1: so they're different tools were used for different reasons. So, Ambassador, 101 00:05:41,560 --> 00:05:45,960 Speaker 1: does this impact Russia or not? Well, it does. And 102 00:05:46,000 --> 00:05:48,320 Speaker 1: I think of all the sanctions announced over the weekend, 103 00:05:48,360 --> 00:05:51,479 Speaker 1: and by the way, the big story here is how 104 00:05:51,560 --> 00:05:54,520 Speaker 1: quickly the West is coming together. As the last Friday, 105 00:05:54,760 --> 00:05:58,320 Speaker 1: major European powers were opposed to doing anything on SWIFT 106 00:05:58,760 --> 00:06:01,560 Speaker 1: or for the Russian Center will Bank, that all changed 107 00:06:01,880 --> 00:06:04,200 Speaker 1: in a feat over the weekend. And I think of 108 00:06:04,240 --> 00:06:07,320 Speaker 1: the two categories of sanctions, the sanctions on the central 109 00:06:07,320 --> 00:06:09,640 Speaker 1: Bank are going to be much more painful because it 110 00:06:09,680 --> 00:06:12,840 Speaker 1: basically puts six hundred and thirty billion dollars with the 111 00:06:12,920 --> 00:06:17,600 Speaker 1: b foreign reserves Russian farm reserves out of reach, which 112 00:06:17,600 --> 00:06:20,880 Speaker 1: will make it very difficult for the Russian financial authorities 113 00:06:21,320 --> 00:06:24,840 Speaker 1: UH and fiscal authorities and monetary authorities to prop up 114 00:06:24,880 --> 00:06:28,359 Speaker 1: the ruble, which you probably saw today as beginning to crash. 115 00:06:28,440 --> 00:06:32,880 Speaker 1: So that's going to have the huge following effects shortages, 116 00:06:33,320 --> 00:06:38,760 Speaker 1: difficulty in financial trade, huge inflationary pressures will will be unleashed. 117 00:06:39,040 --> 00:06:42,520 Speaker 1: So Russia, the Russian economy today is on the verge 118 00:06:42,520 --> 00:06:46,120 Speaker 1: of panic. And that's just because of that sanction alone. Now, 119 00:06:46,200 --> 00:06:49,039 Speaker 1: if you look out over the course of weeks or 120 00:06:49,080 --> 00:06:52,080 Speaker 1: maybe even month's ambassador, how long does it take for 121 00:06:52,080 --> 00:06:55,560 Speaker 1: the full impact of these sanctions to sink in. There 122 00:06:55,560 --> 00:06:57,719 Speaker 1: have been concerns that it might be a lot longer 123 00:06:57,760 --> 00:07:03,320 Speaker 1: than for instance, it will take Russia to take over Ukraine. Well, 124 00:07:03,360 --> 00:07:05,920 Speaker 1: we saw we saw the impact today with the closure 125 00:07:05,920 --> 00:07:09,479 Speaker 1: of the Russian stock market. How long it will take, though, 126 00:07:09,560 --> 00:07:12,000 Speaker 1: to start getting putin who you know, We don't know 127 00:07:12,040 --> 00:07:16,679 Speaker 1: if he's making decisions rationally or not. The sanctions alone 128 00:07:16,960 --> 00:07:20,280 Speaker 1: will probably not be enough to reverse this invasion. Uh, 129 00:07:20,320 --> 00:07:23,560 Speaker 1: certainly within the next with the next couple of weeks. However, 130 00:07:23,640 --> 00:07:27,239 Speaker 1: you add up a few other things. Russian oligarchs start 131 00:07:27,240 --> 00:07:31,000 Speaker 1: getting chased out of Western Europe. There's a European American 132 00:07:31,040 --> 00:07:33,960 Speaker 1: task force that's getting to work immediately to track down 133 00:07:33,960 --> 00:07:36,760 Speaker 1: and pre use their assets. And the resistance of the 134 00:07:36,840 --> 00:07:39,600 Speaker 1: Ukrainian soldiers in the streets of Kiev and car Keid 135 00:07:40,200 --> 00:07:42,960 Speaker 1: fighting back the Russians are running into a lot of resistance. 136 00:07:43,000 --> 00:07:47,320 Speaker 1: So all of these things cumulatively might get the Russians 137 00:07:47,360 --> 00:07:49,360 Speaker 1: to back out. But but who knows. He doesn't need 138 00:07:49,400 --> 00:07:52,200 Speaker 1: to be making decisions very rationally. Do you take do 139 00:07:52,240 --> 00:07:56,320 Speaker 1: you take seriously the the talks, if I were negotiations, 140 00:07:56,320 --> 00:07:59,320 Speaker 1: whatever you want to call this between Russia and Ukraine 141 00:07:59,320 --> 00:08:02,360 Speaker 1: along the board of Belarus. Russia says Ukraine wants to 142 00:08:02,360 --> 00:08:05,200 Speaker 1: do a second round. Is this just window dressing or 143 00:08:05,240 --> 00:08:09,160 Speaker 1: are they meaningful? Well, it's sorry, it's you know, it's 144 00:08:09,200 --> 00:08:12,840 Speaker 1: always good to be talking instead of fighting. It's hard 145 00:08:12,880 --> 00:08:15,520 Speaker 1: to be optimistic, though. The Russians sent as their chief 146 00:08:15,520 --> 00:08:19,040 Speaker 1: negotiator a former culture minister who it doesn't seem to 147 00:08:19,040 --> 00:08:23,480 Speaker 1: be particularly empowered to negotiate a cease fire. It seems 148 00:08:23,480 --> 00:08:25,480 Speaker 1: that the Russians are really just trying to use these 149 00:08:25,520 --> 00:08:29,320 Speaker 1: talks as a vehicle to get the Zelenski government to 150 00:08:29,600 --> 00:08:33,040 Speaker 1: surrender and and resign the fact that they've agreed to 151 00:08:33,040 --> 00:08:36,160 Speaker 1: meet a second day tomorrow. Let's see what comes of that. 152 00:08:36,280 --> 00:08:40,760 Speaker 1: Maybe these impending sense of financial panic in Russia combined 153 00:08:40,760 --> 00:08:45,280 Speaker 1: with Russia by the hour, there's some new isolation of Russia. 154 00:08:45,400 --> 00:08:48,120 Speaker 1: Let's see if that contributes to to a cease fire. 155 00:08:48,240 --> 00:08:50,960 Speaker 1: But it's not looking good. I mean, Russian troops are 156 00:08:51,000 --> 00:08:54,840 Speaker 1: still pouring into Ukraine and a lot more apparently could 157 00:08:54,840 --> 00:08:57,720 Speaker 1: be on the way. Uh. It makes you wonder, you 158 00:08:57,720 --> 00:09:00,840 Speaker 1: know exactly how much Vladimir and is throwing at the 159 00:09:00,840 --> 00:09:02,679 Speaker 1: matter right now. We'll talk about that a little bit 160 00:09:02,720 --> 00:09:05,640 Speaker 1: more later on this hour in terms of military strategy. 161 00:09:05,640 --> 00:09:07,840 Speaker 1: But what do you make of the President's request ambassadors 162 00:09:07,840 --> 00:09:11,040 Speaker 1: six point four billion to h to help Ukrane but 163 00:09:11,080 --> 00:09:13,800 Speaker 1: also to help manage the refugee crisis you might have 164 00:09:13,880 --> 00:09:16,240 Speaker 1: ford be mentioned now five thousand according to the u 165 00:09:16,400 --> 00:09:19,520 Speaker 1: N thousand people on the way to four million have 166 00:09:19,679 --> 00:09:25,440 Speaker 1: already left the country. Is six billion dollars enough? Well, 167 00:09:25,520 --> 00:09:29,000 Speaker 1: we'll see. And you know, if a US responses to 168 00:09:29,080 --> 00:09:33,360 Speaker 1: humanitarian crises of this UH scope are any indication if 169 00:09:33,360 --> 00:09:35,480 Speaker 1: it's not enough, I have a feeling they'll they'll be more. 170 00:09:35,640 --> 00:09:40,480 Speaker 1: We want to make sure that our frontline NATO allies Romania, Hungary, 171 00:09:40,640 --> 00:09:44,240 Speaker 1: Poland are not swamping and overwhelmed by by all of 172 00:09:44,280 --> 00:09:47,880 Speaker 1: these because then that in turn creates security problems for 173 00:09:48,040 --> 00:09:52,040 Speaker 1: them as well as for for US. So the polls especially, 174 00:09:52,120 --> 00:09:55,240 Speaker 1: I've really been great opening the doors, letting everybody in 175 00:09:55,720 --> 00:09:57,800 Speaker 1: and trying to help them. Friends of mine in Poland 176 00:09:57,800 --> 00:10:01,400 Speaker 1: have gone down to the border to pick up strangers, 177 00:10:01,400 --> 00:10:03,959 Speaker 1: strange women and their and their children to offer them 178 00:10:03,960 --> 00:10:08,080 Speaker 1: a place to say. So, it's really amazing how the 179 00:10:08,120 --> 00:10:10,000 Speaker 1: polls are responding, but they're going to need a lot 180 00:10:10,040 --> 00:10:12,280 Speaker 1: of help to do it. So it's a good thing 181 00:10:12,360 --> 00:10:14,880 Speaker 1: in that direction. Ambassador, you've mentioned a couple of times, 182 00:10:15,000 --> 00:10:19,040 Speaker 1: or referred a couple of times to the mental capacity 183 00:10:19,120 --> 00:10:21,880 Speaker 1: of Vladimir Putin, and this is something that has come 184 00:10:21,960 --> 00:10:24,520 Speaker 1: up a lot lately, especially following his speech of two 185 00:10:24,559 --> 00:10:26,800 Speaker 1: weekends ago, when he really seemed to go off the rails. 186 00:10:27,240 --> 00:10:29,400 Speaker 1: A lot of people who have known him for years 187 00:10:29,440 --> 00:10:33,000 Speaker 1: say he's not a rational actor at this point. I 188 00:10:33,040 --> 00:10:35,800 Speaker 1: know there are concerns about that within the intelligence community, 189 00:10:35,800 --> 00:10:39,559 Speaker 1: but I wonder, based on your experience in the diplomatic community, 190 00:10:39,920 --> 00:10:43,079 Speaker 1: what do you do when conversations like that begin? How 191 00:10:43,080 --> 00:10:45,440 Speaker 1: do you find out? How do you know who you're 192 00:10:45,440 --> 00:10:52,080 Speaker 1: dealing with? Well, that's when any intelligence service worth it's 193 00:10:52,240 --> 00:10:56,640 Speaker 1: uh worth itself, gets gets to work in using its 194 00:10:56,960 --> 00:11:00,280 Speaker 1: sources that are close to the wheels of power, find 195 00:11:00,320 --> 00:11:03,280 Speaker 1: out what's what's what's going on, and at the same time, 196 00:11:03,679 --> 00:11:07,439 Speaker 1: UH to encourage people to stand up against him. I mean, 197 00:11:07,440 --> 00:11:10,360 Speaker 1: it's it's actually phenomenal when you see that the thousands 198 00:11:10,360 --> 00:11:14,319 Speaker 1: of Russians who have been arrested protesting against him over 199 00:11:14,360 --> 00:11:18,400 Speaker 1: the weekends, six d leading Russian scientists signed an appeal 200 00:11:18,520 --> 00:11:21,720 Speaker 1: demanding the end of the war. Um so it's clear. 201 00:11:21,840 --> 00:11:25,679 Speaker 1: And then the rising economic distress, all of that's going 202 00:11:25,720 --> 00:11:29,560 Speaker 1: to create rising opposition to Putin and we should be 203 00:11:29,600 --> 00:11:34,000 Speaker 1: working through whatever means we can covertly as well as 204 00:11:34,240 --> 00:11:38,680 Speaker 1: overtly to strengthen and embolden people who are trying to 205 00:11:38,720 --> 00:11:40,760 Speaker 1: get Putin to pull back. I figure he's not going 206 00:11:40,800 --> 00:11:43,800 Speaker 1: to take a cognitive test, like former President Donald Trump 207 00:11:43,880 --> 00:11:47,080 Speaker 1: put that out to the media. Ambassador Stephen mul really 208 00:11:47,240 --> 00:11:48,960 Speaker 1: great pleasure to have you back. We'd like to stay 209 00:11:48,960 --> 00:11:50,360 Speaker 1: in touch with you as we learn more and the 210 00:11:50,400 --> 00:11:54,240 Speaker 1: sanctions keep falling from the sky. Former Ambassador of Poland 211 00:11:54,280 --> 00:11:56,720 Speaker 1: with us. We assemble the panel. Next on sound on 212 00:11:57,200 --> 00:12:00,720 Speaker 1: Blueburn Politics, contributors Jeanie Chanzano and Rick Davis are on 213 00:12:00,760 --> 00:12:03,839 Speaker 1: the way. It's the fastest hour in politics. Will check 214 00:12:03,880 --> 00:12:07,600 Speaker 1: traffic and markets next time. Joe Matthew. This is Bloomberg. 215 00:12:11,280 --> 00:12:15,079 Speaker 1: You're listening to Bloomberg. You sound on with Joe Matthew 216 00:12:15,440 --> 00:12:19,920 Speaker 1: on Bloomberg Radio. So there's a run on the banks 217 00:12:19,960 --> 00:12:23,080 Speaker 1: in Russia. You've seen images on social media people lined 218 00:12:23,160 --> 00:12:26,120 Speaker 1: up around the block to get to an a t M. 219 00:12:26,240 --> 00:12:29,960 Speaker 1: Very real results of economic sanctions or at least worries 220 00:12:30,000 --> 00:12:33,560 Speaker 1: about what's going to come. Point is the disruption is 221 00:12:33,559 --> 00:12:35,840 Speaker 1: already happening, and in some cases, by the way, those 222 00:12:35,880 --> 00:12:39,640 Speaker 1: machines were empty. Even Netflix is getting into the act. 223 00:12:40,080 --> 00:12:41,679 Speaker 1: If you did you see this on the terminal. As 224 00:12:41,679 --> 00:12:45,560 Speaker 1: the world turns against Russian aggression, Netflix says it will 225 00:12:45,600 --> 00:12:49,720 Speaker 1: not be adding Russian channels to its service under regulations 226 00:12:49,760 --> 00:12:53,200 Speaker 1: that were to take effect March first. This apparently big 227 00:12:53,240 --> 00:12:58,080 Speaker 1: splash in the Moscow Times. Meanwhile, Walt Disney Walt Disney 228 00:12:58,160 --> 00:13:01,320 Speaker 1: music executives at banking sanctions against Russia will cut into 229 00:13:01,440 --> 00:13:08,640 Speaker 1: revenue from its movie in Kanto's Soundtrack and Kanto Sarah's 230 00:13:08,679 --> 00:13:10,560 Speaker 1: Danton on the Other Side of the Glass. My kid 231 00:13:10,679 --> 00:13:14,040 Speaker 1: loved that movie. Yeah, the songs from that movie were 232 00:13:14,040 --> 00:13:17,560 Speaker 1: translated into Russian Ukrainian, frequently downloaded on YouTube in both 233 00:13:17,559 --> 00:13:22,840 Speaker 1: countries as well. Guess what not good for Disney. It's 234 00:13:22,840 --> 00:13:28,719 Speaker 1: been remarkable to see the private sector consolidate around all 235 00:13:28,760 --> 00:13:33,040 Speaker 1: of this. BPS another one you saw it divesting billions 236 00:13:33,080 --> 00:13:36,720 Speaker 1: of dollars in a Russian energy company. Let's assemble the 237 00:13:36,720 --> 00:13:38,960 Speaker 1: panel get their take on things after a very busy 238 00:13:39,000 --> 00:13:44,280 Speaker 1: and newsy weekend in Russia and Ukraine. Bloomberg Politics contributors 239 00:13:44,320 --> 00:13:46,800 Speaker 1: Jeannie Chanzano and Rick Davis are with us. Rick, is 240 00:13:46,840 --> 00:13:48,720 Speaker 1: this what you had in mind when we started talking 241 00:13:48,720 --> 00:13:51,199 Speaker 1: about sanctions. They kicked him out of Swift, they got 242 00:13:51,200 --> 00:13:54,280 Speaker 1: the central Bank, they're chasing the oligarchs. But to see 243 00:13:54,280 --> 00:13:57,480 Speaker 1: the private sector get into the mode here, not just 244 00:13:57,559 --> 00:13:59,400 Speaker 1: in the US, but in Europe and around the world. 245 00:13:59,480 --> 00:14:03,559 Speaker 1: Private but he's turning against Russia, it's been a remarkable 246 00:14:03,559 --> 00:14:06,880 Speaker 1: thing to watch, almost in a coordinated fashion. Yeah, it's 247 00:14:06,920 --> 00:14:10,480 Speaker 1: a fantastic combination of government leadership, right, you know, casting 248 00:14:10,520 --> 00:14:14,520 Speaker 1: the first stone setting the standard. Uh and and Vladimir 249 00:14:14,559 --> 00:14:16,559 Speaker 1: Putin kind of playing into the narrative of being the 250 00:14:16,600 --> 00:14:18,800 Speaker 1: bad guy, right. I mean, he's done everything he could 251 00:14:18,760 --> 00:14:22,000 Speaker 1: to isolate himself over the last few weeks and months, 252 00:14:22,160 --> 00:14:26,480 Speaker 1: and UH and the Western governments have really taken good leadership, 253 00:14:26,480 --> 00:14:28,720 Speaker 1: and so the private sector community stands up, looks at 254 00:14:28,720 --> 00:14:30,280 Speaker 1: that and says, my god, we want to be on 255 00:14:30,280 --> 00:14:32,720 Speaker 1: the right side of history here. Let's do something about 256 00:14:32,720 --> 00:14:35,520 Speaker 1: it because it impacts business in the end, right. I mean, 257 00:14:35,520 --> 00:14:38,160 Speaker 1: there's a matter of principle, but these companies don't want 258 00:14:38,200 --> 00:14:41,880 Speaker 1: to be associated with someone, a crazy person who's starting 259 00:14:41,880 --> 00:14:45,080 Speaker 1: a war. Obviously. Is there any government coordination though? Is 260 00:14:45,120 --> 00:14:46,920 Speaker 1: the White House call in Netflix saying hey, you're not 261 00:14:46,920 --> 00:14:49,760 Speaker 1: gonna put those movies on, are you? You know, it's 262 00:14:49,800 --> 00:14:52,440 Speaker 1: true that these companies, you know, they feel they have 263 00:14:52,560 --> 00:14:55,760 Speaker 1: obviously a bottom line obligation to their shareholders, but they 264 00:14:55,800 --> 00:14:59,000 Speaker 1: also have a moral obligation. And we've seen this not 265 00:14:59,120 --> 00:15:01,560 Speaker 1: just with companies. You've seen it with with you know, 266 00:15:01,640 --> 00:15:05,840 Speaker 1: sports figures. You've seen it with people in you know, ballet, opera, 267 00:15:05,960 --> 00:15:08,680 Speaker 1: media all over the place who have you know, taken 268 00:15:08,680 --> 00:15:11,720 Speaker 1: a really hard stance on this. And I do think 269 00:15:11,840 --> 00:15:14,240 Speaker 1: that if the White House isn't that there should be 270 00:15:14,280 --> 00:15:17,320 Speaker 1: some effort at coordinating. But I don't even think it 271 00:15:17,440 --> 00:15:20,040 Speaker 1: really takes that when you look at how this thing 272 00:15:20,120 --> 00:15:24,080 Speaker 1: has evolved and how you know, this is really seems 273 00:15:24,120 --> 00:15:27,840 Speaker 1: to be the efforts of one man who has you know, 274 00:15:28,360 --> 00:15:31,640 Speaker 1: bent on destruction of so many people. You're mentioning five 275 00:15:32,080 --> 00:15:35,120 Speaker 1: thousand people leaving the country just as an example, and 276 00:15:35,200 --> 00:15:38,360 Speaker 1: so you know, people view that, businesses view that, and 277 00:15:38,440 --> 00:15:42,040 Speaker 1: they do make a step to you know, take a stand, 278 00:15:42,080 --> 00:15:45,200 Speaker 1: and as they should. Is the hunt for red October forbidden? Now, 279 00:15:45,640 --> 00:15:48,440 Speaker 1: this is the conversation happening in the control room. One 280 00:15:48,480 --> 00:15:52,880 Speaker 1: ping only Please, I'm sorry, I'm watching that anyway. The 281 00:15:52,960 --> 00:15:56,880 Speaker 1: refugee crisis, Rick is real. It's just starting. Actually, if 282 00:15:56,920 --> 00:16:00,160 Speaker 1: we have five thousand people crossing the border now and 283 00:16:00,200 --> 00:16:01,920 Speaker 1: we're not sure what to do with them, Poland has 284 00:16:01,960 --> 00:16:07,080 Speaker 1: limited capacity, four millions streaming into countries like Romania Slovakia 285 00:16:07,200 --> 00:16:10,560 Speaker 1: creates a massive problem. How do you manage Rick? And 286 00:16:10,600 --> 00:16:13,360 Speaker 1: are they making plans for it now? A humanitarian crisis 287 00:16:13,440 --> 00:16:15,360 Speaker 1: right next door to a war. Well, there's only so 288 00:16:15,440 --> 00:16:17,160 Speaker 1: much you can plan when you have an influx of 289 00:16:17,240 --> 00:16:20,400 Speaker 1: that many millions of people, uh, and and no resources. 290 00:16:20,400 --> 00:16:24,040 Speaker 1: They're getting to these borders, you know, with basically just 291 00:16:24,160 --> 00:16:26,800 Speaker 1: the goods that they have in their hands. So it's 292 00:16:26,800 --> 00:16:28,920 Speaker 1: a very difficult situation. It's going to require a lot 293 00:16:28,920 --> 00:16:31,760 Speaker 1: more aid and support than what's currently being talked about. 294 00:16:31,800 --> 00:16:34,640 Speaker 1: I mean, this idea that somehow, you know, six point 295 00:16:34,640 --> 00:16:36,920 Speaker 1: two billion dollars in a supplemental or maybe even the 296 00:16:36,960 --> 00:16:39,920 Speaker 1: new budget, uh, is somehow going to plug a gap 297 00:16:40,000 --> 00:16:43,800 Speaker 1: both militarily and humanitarianly. Uh. It's just it's just not 298 00:16:43,800 --> 00:16:46,960 Speaker 1: gonna make it. Uh. We we spent twenty six billion, 299 00:16:47,000 --> 00:16:49,920 Speaker 1: twenty four billion in today's dollars in Afghanistan when the 300 00:16:50,000 --> 00:16:55,440 Speaker 1: Russians invaded there, both militarily and with human uh costs 301 00:16:55,760 --> 00:16:58,760 Speaker 1: and told that existed there. Uh. This is just the 302 00:16:58,800 --> 00:17:00,960 Speaker 1: beginning of what I think will need to be prepared for. 303 00:17:01,040 --> 00:17:03,120 Speaker 1: And it'll be interesting to see how much of this 304 00:17:03,280 --> 00:17:05,639 Speaker 1: that Joe Biden wants to prepare the American public for 305 00:17:05,840 --> 00:17:08,239 Speaker 1: during the State of the Union tomorrow. Well that's uh, 306 00:17:08,400 --> 00:17:10,439 Speaker 1: that's a great way to point to the State of 307 00:17:10,440 --> 00:17:12,439 Speaker 1: the Union, Genie, because you know, we talked about this 308 00:17:12,480 --> 00:17:15,800 Speaker 1: earlier today on Bloomberg on Balance of Power. That speech 309 00:17:15,840 --> 00:17:18,160 Speaker 1: is going to be rewritten, I'm assuming, right, U until 310 00:17:18,160 --> 00:17:20,399 Speaker 1: the point of it being delivered. This is such a 311 00:17:20,440 --> 00:17:25,199 Speaker 1: fluid situation. How do you craft poetry for a speech 312 00:17:25,240 --> 00:17:28,120 Speaker 1: like that in a time like this? Yeah, I mean, 313 00:17:28,200 --> 00:17:30,880 Speaker 1: this has you know, upended not just the world order. 314 00:17:31,000 --> 00:17:33,480 Speaker 1: But of course what the President was planning on doing 315 00:17:33,480 --> 00:17:37,040 Speaker 1: and saying tomorrow night and his presidency, he's got an 316 00:17:37,040 --> 00:17:41,480 Speaker 1: opportunity here a moment to portray strength and competence. You know, 317 00:17:41,560 --> 00:17:44,720 Speaker 1: by most estimations, the White House has handled this crisis 318 00:17:44,760 --> 00:17:48,199 Speaker 1: so far very well, and he's got to both you know, 319 00:17:48,359 --> 00:17:51,479 Speaker 1: look where we've been and look forward and put this 320 00:17:51,520 --> 00:17:53,960 Speaker 1: all into context and make the case to the American 321 00:17:54,040 --> 00:17:57,000 Speaker 1: public that it is worth some modicum of pain. And 322 00:17:57,040 --> 00:17:59,760 Speaker 1: the ambassador was talking to you about this in order 323 00:17:59,800 --> 00:18:04,919 Speaker 1: to you know, ensure that we do take Russia, you know, 324 00:18:05,080 --> 00:18:08,679 Speaker 1: on and that we do stand up for democracy in 325 00:18:08,720 --> 00:18:11,199 Speaker 1: the Ukraine and Europe and around the world. So the 326 00:18:11,240 --> 00:18:13,199 Speaker 1: President is going to be working hard to make that 327 00:18:13,280 --> 00:18:16,520 Speaker 1: case tomorrow night. But the speech is certainly changing by 328 00:18:16,520 --> 00:18:19,200 Speaker 1: the moment as events unfold, and it's going to overshadow 329 00:18:19,240 --> 00:18:21,119 Speaker 1: a lot of the other issues he wants to get to. Rick, 330 00:18:21,200 --> 00:18:22,640 Speaker 1: Do you hit it right off the top if you're 331 00:18:22,640 --> 00:18:26,199 Speaker 1: the president? Hard to tell, uh, you know, it is 332 00:18:26,240 --> 00:18:28,320 Speaker 1: not what's on top of mind and most people, I mean, 333 00:18:28,359 --> 00:18:30,159 Speaker 1: even though we're obsessed with it and it's on the 334 00:18:30,240 --> 00:18:34,479 Speaker 1: news constantly, there are other kitchen table issues that Frankly, 335 00:18:34,520 --> 00:18:36,280 Speaker 1: people want to hear from him on, so he grabs 336 00:18:36,320 --> 00:18:40,720 Speaker 1: inflation by both horns. Tomorrow night, Rick and Genie are 337 00:18:40,720 --> 00:18:42,640 Speaker 1: with us for the hour here on sound On will 338 00:18:42,640 --> 00:18:44,840 Speaker 1: reassemble the panel coming up, and next we speak with 339 00:18:44,880 --> 00:18:49,560 Speaker 1: retired General Ben Hodges about the military strategy. What exactly 340 00:18:49,640 --> 00:18:52,720 Speaker 1: is Russia waiting for or is this it? We'll talk 341 00:18:52,760 --> 00:18:58,080 Speaker 1: to the general next. This is Bloomberg. People are watching 342 00:18:58,119 --> 00:19:01,959 Speaker 1: this happen on their phones. They're watching a war in 343 00:19:02,040 --> 00:19:07,280 Speaker 1: Europe unfold on their iPhones. Never mind just the TV. 344 00:19:07,440 --> 00:19:11,119 Speaker 1: The revolution is being televised. Well, it's not a revolution, 345 00:19:11,760 --> 00:19:13,359 Speaker 1: and there are a lot of concerns about what's going 346 00:19:13,400 --> 00:19:15,040 Speaker 1: to be coming in the next couple of days. People 347 00:19:15,080 --> 00:19:18,399 Speaker 1: have been, at least in this country, so impressed by 348 00:19:18,440 --> 00:19:21,959 Speaker 1: the Ukrainian forces, by President Zelenski putting up these videos 349 00:19:22,000 --> 00:19:24,600 Speaker 1: every morning. You haven't gotten me yet. They're digging in 350 00:19:25,400 --> 00:19:27,760 Speaker 1: and they have inflicted far more pain on the Russian 351 00:19:27,760 --> 00:19:32,919 Speaker 1: military than Vladimir Putin apparently ever imagined. Speaking to that 352 00:19:33,040 --> 00:19:36,760 Speaker 1: end today, Pentagon spokesman John Kirby here he is, and 353 00:19:36,760 --> 00:19:39,399 Speaker 1: we're also seeing the Ukrainians put up a very stiff 354 00:19:39,440 --> 00:19:42,159 Speaker 1: and determined resistance on their capital city, and they have 355 00:19:42,280 --> 00:19:45,240 Speaker 1: made it very difficult for the Russians to continue to 356 00:19:45,280 --> 00:19:48,600 Speaker 1: move ahead. We believe that the based on what we 357 00:19:48,680 --> 00:19:52,480 Speaker 1: know of what their plans were, that they are behind scheduled, 358 00:19:52,520 --> 00:19:55,080 Speaker 1: that they have faced a stiffer resistance than they anticipated. 359 00:19:55,560 --> 00:19:58,680 Speaker 1: As I mentioned though James Defrida's writing for Bloomberg Opinion, 360 00:19:59,240 --> 00:20:02,600 Speaker 1: the former preim Allied commander of NATO, former Navy admiral 361 00:20:02,640 --> 00:20:06,400 Speaker 1: that it's Putin's strategic mistakes leading to this, and Kirby 362 00:20:06,440 --> 00:20:09,879 Speaker 1: added to that comment today in the Pentagon briefing. Not 363 00:20:09,960 --> 00:20:14,320 Speaker 1: everybody should be partying yet. Russia is learning from what 364 00:20:14,520 --> 00:20:17,200 Speaker 1: it is seeing now on day five of this conflict, 365 00:20:18,960 --> 00:20:21,000 Speaker 1: and there are a lot of Russian forces just north 366 00:20:21,040 --> 00:20:23,280 Speaker 1: of Kiev, about fifteen miles they say at this point 367 00:20:23,359 --> 00:20:26,800 Speaker 1: could be thousands of them with heavy armor, and if 368 00:20:26,960 --> 00:20:29,359 Speaker 1: Vladimir Putin decides to send them into the capital, this 369 00:20:29,400 --> 00:20:31,840 Speaker 1: could be a different story. We talked about it now 370 00:20:31,880 --> 00:20:34,600 Speaker 1: with retired Lieutenant General Ben Hodges. As I mentioned with 371 00:20:34,680 --> 00:20:37,880 Speaker 1: US former Commander U S Army Europe now Pershing Chair 372 00:20:37,920 --> 00:20:42,159 Speaker 1: in Strategic Studies at the Center for European Policy Analysis. General, 373 00:20:42,200 --> 00:20:44,440 Speaker 1: it's great to have you with us here on Bloomberg today. 374 00:20:44,440 --> 00:20:46,199 Speaker 1: Thanks for being with us. Are you concerned about what 375 00:20:46,240 --> 00:20:48,000 Speaker 1: the next couple of days might bring or is this 376 00:20:48,040 --> 00:20:51,200 Speaker 1: the way this war is going to go? I think 377 00:20:51,240 --> 00:20:53,880 Speaker 1: this is the way that's gonna go. And look, I've 378 00:20:54,119 --> 00:20:56,480 Speaker 1: been looking at the pictures like everybody else, of this 379 00:20:57,160 --> 00:21:01,000 Speaker 1: large Russian formation that's north of Kiev, and I am 380 00:21:01,040 --> 00:21:06,359 Speaker 1: I am astounded, um how poorly disciplined they are in 381 00:21:06,480 --> 00:21:11,560 Speaker 1: broad daylight, massive convoy moving down the road. Given all 382 00:21:11,600 --> 00:21:14,320 Speaker 1: that we have in terms of drones and the ability 383 00:21:14,359 --> 00:21:17,920 Speaker 1: to target and strike convoys like that, I mean, the 384 00:21:18,160 --> 00:21:22,960 Speaker 1: Ukrainians are going to crush are certainly inflict huge casualties 385 00:21:23,160 --> 00:21:28,320 Speaker 1: on them. So I'm a little bit um unimpressed. Let 386 00:21:28,320 --> 00:21:32,280 Speaker 1: me say, of the discipline and the training level of 387 00:21:32,440 --> 00:21:36,240 Speaker 1: the Russian forces I've been seeing so far, this is 388 00:21:36,240 --> 00:21:38,400 Speaker 1: the opposite of what they should be doing in terms 389 00:21:38,400 --> 00:21:43,920 Speaker 1: of a of a tactical approach. Now still mass numbers 390 00:21:44,440 --> 00:21:47,679 Speaker 1: counts or something, and no doubt they will inflict a 391 00:21:47,680 --> 00:21:52,680 Speaker 1: lot of damage on Ukrainian forces as well. But it's 392 00:21:52,720 --> 00:21:55,000 Speaker 1: usedful to keep in mind that Kiva's a city of 393 00:21:55,000 --> 00:21:57,320 Speaker 1: about three and a half million people. Now many of 394 00:21:57,359 --> 00:22:01,120 Speaker 1: the people have left left town. But nonetheless, the very 395 00:22:01,200 --> 00:22:06,800 Speaker 1: complex um city infrastructure, the roads, of all the massive buildings, 396 00:22:07,320 --> 00:22:10,919 Speaker 1: it will be very, very difficult for Russian forces to 397 00:22:11,200 --> 00:22:14,520 Speaker 1: enter and clear even big parts of the city if 398 00:22:14,520 --> 00:22:16,280 Speaker 1: they want to preserve it, of course, and I guess 399 00:22:16,280 --> 00:22:18,520 Speaker 1: that would be my next question. Does Vladimir Putin want 400 00:22:18,560 --> 00:22:22,760 Speaker 1: to take over Kiev and maintain the structures in the 401 00:22:22,800 --> 00:22:25,639 Speaker 1: city so that he can move in essentially as it 402 00:22:25,720 --> 00:22:29,399 Speaker 1: is now, or or will we see indiscriminate bombing. But 403 00:22:29,520 --> 00:22:32,720 Speaker 1: that's a good that's a fair question. I think in 404 00:22:32,760 --> 00:22:35,600 Speaker 1: the fairy tale that he was using in the weeks 405 00:22:35,680 --> 00:22:37,639 Speaker 1: leading up to this, it was all about, you know, 406 00:22:37,720 --> 00:22:40,320 Speaker 1: the poor Slavic people of Ukraine. He wants to liberate 407 00:22:40,320 --> 00:22:44,880 Speaker 1: them from their Nazi leaders and this sort of nonsense. Um, 408 00:22:44,880 --> 00:22:48,640 Speaker 1: clearly that was not his motivation. And they're already I mean, 409 00:22:48,720 --> 00:22:50,920 Speaker 1: it was two days ago the whole world saw dis 410 00:22:50,920 --> 00:22:53,919 Speaker 1: missile that slammed into an apartment building and and that 411 00:22:54,080 --> 00:22:57,600 Speaker 1: sort of thing is going to increase. Um. I think 412 00:22:57,880 --> 00:23:00,520 Speaker 1: he will do whatever it takes to number one to 413 00:23:00,600 --> 00:23:03,919 Speaker 1: decapitate the government, uh and number two to avoid the 414 00:23:04,000 --> 00:23:08,239 Speaker 1: humiliation of his forces being defeated and not able to 415 00:23:08,280 --> 00:23:11,560 Speaker 1: take um Kiev. Well, if gosh, if he'll do whatever 416 00:23:11,600 --> 00:23:14,520 Speaker 1: it takes, then General, we can use our imagination. What 417 00:23:14,560 --> 00:23:16,760 Speaker 1: does that look like? Are we going to see aerial 418 00:23:16,800 --> 00:23:21,040 Speaker 1: bombing over Kiev? Well, I'm sure we're going to see 419 00:23:21,080 --> 00:23:25,840 Speaker 1: more Russian aircraft and striking targets in and around Kiev. Um, 420 00:23:25,920 --> 00:23:28,479 Speaker 1: they will have to do that, otherwise this big column 421 00:23:28,560 --> 00:23:33,200 Speaker 1: of vehicles that's north of it's north of Kiev will 422 00:23:33,240 --> 00:23:38,040 Speaker 1: continue to get hammered by Ukrainian forces. So, Um, I 423 00:23:38,080 --> 00:23:40,199 Speaker 1: do expect we're gonna see I mean, these are the 424 00:23:40,240 --> 00:23:42,760 Speaker 1: same guys. Remember in the in the first Chechen more, 425 00:23:42,880 --> 00:23:45,520 Speaker 1: they were frustrated because they could not defeat the Chechen's 426 00:23:46,040 --> 00:23:49,879 Speaker 1: and so they destroyed the city of grasni uh. And 427 00:23:49,920 --> 00:23:52,840 Speaker 1: I think we're going to see some of that attempted. 428 00:23:53,720 --> 00:23:58,560 Speaker 1: But I don't think they have the logistical tail um 429 00:23:58,600 --> 00:24:03,280 Speaker 1: to sustain rockets and artillery embombing. We're already getting reports 430 00:24:03,400 --> 00:24:08,080 Speaker 1: that they're running out of certain unitions, running out of gas. General, Yeah, 431 00:24:07,800 --> 00:24:12,480 Speaker 1: which is ironic that the would run out of gas. 432 00:24:12,480 --> 00:24:15,320 Speaker 1: But again this I think this points to the lack 433 00:24:15,520 --> 00:24:20,400 Speaker 1: of professional training and ability. They so grossly underestimated their 434 00:24:20,440 --> 00:24:23,880 Speaker 1: ammunition and fuel consumption rates. Now Europe is sending more 435 00:24:23,920 --> 00:24:26,879 Speaker 1: hardware to Ukraine, even the Germans are in general. There 436 00:24:26,920 --> 00:24:30,040 Speaker 1: was a story over the weekend that a bunch of 437 00:24:30,119 --> 00:24:32,280 Speaker 1: mid twenty nine the fighter jets are on their way 438 00:24:32,320 --> 00:24:34,800 Speaker 1: to Ukraine as well. Or do they have the pilots 439 00:24:34,800 --> 00:24:38,960 Speaker 1: and the people to operate them? Yeah? Absolutely, Um. You 440 00:24:39,000 --> 00:24:43,200 Speaker 1: know most of the worst former Warsaw Pact countries still 441 00:24:43,240 --> 00:24:48,199 Speaker 1: have UM equipment, aircraft and vehicles. Um that were you know, 442 00:24:48,200 --> 00:24:52,880 Speaker 1: it was all the same. So helicopters, jets. Um. There 443 00:24:52,880 --> 00:24:55,440 Speaker 1: are definitely pilots and from the Ukrainian Air Force that 444 00:24:55,480 --> 00:24:57,680 Speaker 1: would be able with a very short amount of time 445 00:24:57,760 --> 00:25:01,639 Speaker 1: be prepared to operate those key will be um. Do 446 00:25:01,720 --> 00:25:05,600 Speaker 1: they have air fields and the maintenance necessary? Uh? And 447 00:25:05,640 --> 00:25:09,280 Speaker 1: can they protect those air fields from the inevitable Russian attacks? 448 00:25:09,480 --> 00:25:11,320 Speaker 1: We still have so many questions. We'd love to stay 449 00:25:11,320 --> 00:25:14,280 Speaker 1: in touch with you as we seek answers. General Ben 450 00:25:14,320 --> 00:25:17,280 Speaker 1: Hodges with his former commander U S Army Europe now 451 00:25:17,440 --> 00:25:20,600 Speaker 1: with the Center for European Policy Analysis, walking us through 452 00:25:20,640 --> 00:25:24,639 Speaker 1: this here on the fastest hour in politics. This is 453 00:25:24,680 --> 00:25:28,000 Speaker 1: sound On. I'm Joe Matthew at World Headquarters in New York, 454 00:25:28,560 --> 00:25:36,400 Speaker 1: and we'll reassemble the panel next. This is Bloomberg. You're 455 00:25:36,480 --> 00:25:40,520 Speaker 1: listening to Bloomberg. You sound on with Joe Matthew on 456 00:25:40,720 --> 00:25:46,320 Speaker 1: Bloomberg Radio. It was Rick Davis who famously said on 457 00:25:46,359 --> 00:25:50,320 Speaker 1: this broadcast that Russian soldiers were known for drunkenness and 458 00:25:50,440 --> 00:25:55,080 Speaker 1: slow and after hearing General Hodges there described the laziness 459 00:25:55,520 --> 00:26:00,720 Speaker 1: of Russian troops, I'm thinking he was onto something. Is 460 00:26:00,760 --> 00:26:03,679 Speaker 1: that really why Ukraine is holding off? It's much larger neighbor? 461 00:26:04,119 --> 00:26:08,560 Speaker 1: Five days in Russia is nowhere in your key? And 462 00:26:08,600 --> 00:26:10,800 Speaker 1: how long can it do this? We reassemble the panel 463 00:26:10,840 --> 00:26:15,680 Speaker 1: now with Bloomberg Politics contributors Genie Schanzano and the aforementioned 464 00:26:15,840 --> 00:26:18,760 Speaker 1: Rick Davis. I think you were ahead on this one, Rick. 465 00:26:18,800 --> 00:26:21,439 Speaker 1: I know that that's not necessarily a new reputation, but 466 00:26:21,560 --> 00:26:27,800 Speaker 1: is that what's going on? Ukraine has passion, Russia has laziness. Yeah. Look, 467 00:26:27,840 --> 00:26:31,359 Speaker 1: I mean the Russian army has never distinguished itself in battle, 468 00:26:31,640 --> 00:26:34,719 Speaker 1: and so why should they start today? You had to 469 00:26:34,760 --> 00:26:37,200 Speaker 1: think that with a d nine thousand troops amassed on 470 00:26:37,240 --> 00:26:39,840 Speaker 1: the border, they would do a lot more damage, a 471 00:26:39,840 --> 00:26:42,120 Speaker 1: lot quicker than they've done, but you've got to give 472 00:26:42,119 --> 00:26:44,840 Speaker 1: it to the Ukrainian people. Nothing I said should undermine 473 00:26:44,880 --> 00:26:46,680 Speaker 1: the fact that the Ukrainians are fighting for their lives 474 00:26:46,720 --> 00:26:49,480 Speaker 1: in their country and they're then they're acting as such, 475 00:26:49,520 --> 00:26:51,440 Speaker 1: and we could only do as much as we can 476 00:26:51,880 --> 00:26:55,240 Speaker 1: to give them the necessary tools and implements. As General said, 477 00:26:55,359 --> 00:26:57,560 Speaker 1: you know, if they had the right equipment, they could 478 00:26:57,600 --> 00:27:00,439 Speaker 1: decimate the Russian lines as that are currently and figured 479 00:27:00,480 --> 00:27:03,200 Speaker 1: well right now, it's it's guerrilla warfare right there, ambushing 480 00:27:03,720 --> 00:27:06,119 Speaker 1: these lines that are just I guess plain to see 481 00:27:06,240 --> 00:27:09,200 Speaker 1: from as the General mentioned, from a drone or anything 482 00:27:09,240 --> 00:27:12,040 Speaker 1: else for that matter. And I guess we're helping with reconnaissance. 483 00:27:12,040 --> 00:27:14,560 Speaker 1: But Rick, why haven't they moved in? I mean, they 484 00:27:14,960 --> 00:27:19,920 Speaker 1: doesn't Vladimir Putin at least have numbers and hardware. He's 485 00:27:19,960 --> 00:27:21,600 Speaker 1: having a hard time getting them around. I mean, the 486 00:27:21,960 --> 00:27:26,200 Speaker 1: initial estimates that I've seen reported are that the early 487 00:27:26,280 --> 00:27:30,560 Speaker 1: surge um um allowed them to get deeply into the country. 488 00:27:30,640 --> 00:27:34,240 Speaker 1: But the the train is not frozen, right. You heard 489 00:27:34,240 --> 00:27:36,080 Speaker 1: all this talk about like, oh, these tanks need to 490 00:27:36,119 --> 00:27:38,360 Speaker 1: drive around on frozen ground. That's why they're all lined 491 00:27:38,440 --> 00:27:40,520 Speaker 1: up on a road, because the grounds like a marsh. 492 00:27:40,560 --> 00:27:42,880 Speaker 1: They put those tanks in them and they're not going anywhere, 493 00:27:43,359 --> 00:27:45,880 Speaker 1: and so that makes them sitting ducks. So they they've 494 00:27:45,960 --> 00:27:49,679 Speaker 1: miscalculated repeatedly. They have now outstripped their supply lines and 495 00:27:49,720 --> 00:27:52,960 Speaker 1: so they can't refuel. And so these these these these 496 00:27:53,040 --> 00:27:57,200 Speaker 1: units are running out of power. And the Ukrainians they 497 00:27:57,200 --> 00:28:00,920 Speaker 1: have very versatile and mobile systems. We've give them enough 498 00:28:00,960 --> 00:28:04,000 Speaker 1: toe missiles to knock out every every plane train on 499 00:28:04,040 --> 00:28:07,280 Speaker 1: the automobile that the Russians have brought into that country, 500 00:28:07,400 --> 00:28:09,800 Speaker 1: and they're making good use of them. But they got 501 00:28:09,840 --> 00:28:12,320 Speaker 1: them deeply into the country, so that resupply was going 502 00:28:12,320 --> 00:28:14,560 Speaker 1: to be a problem, and now the Ukrainians are taking 503 00:28:14,560 --> 00:28:16,720 Speaker 1: advantage of it. So how about that old line from 504 00:28:16,760 --> 00:28:20,919 Speaker 1: your former boss, John McCain rick, the country gas station 505 00:28:21,000 --> 00:28:24,160 Speaker 1: masquerading as a country. They don't even have the gas. Yeah, 506 00:28:24,200 --> 00:28:27,359 Speaker 1: you cannot repair Putin's the image that he's done to 507 00:28:27,400 --> 00:28:30,480 Speaker 1: his own image and the country's image as a military 508 00:28:30,520 --> 00:28:33,960 Speaker 1: power around the world. And and and we haven't seen 509 00:28:33,960 --> 00:28:36,720 Speaker 1: the end of this story. He's trying to play brinksmanship 510 00:28:36,760 --> 00:28:40,920 Speaker 1: with his nuclear weapons. Uh and and this military has 511 00:28:41,000 --> 00:28:44,520 Speaker 1: still a lot of running capability there there are a 512 00:28:44,560 --> 00:28:46,920 Speaker 1: lot of troops still amassed on that border that they 513 00:28:46,920 --> 00:28:49,360 Speaker 1: can bring in. So this is not the end of 514 00:28:49,400 --> 00:28:51,280 Speaker 1: the story. But you've got to give it to the 515 00:28:51,360 --> 00:28:54,760 Speaker 1: Ukrainians for for taking a country that had bluffed us 516 00:28:54,800 --> 00:28:57,880 Speaker 1: all in the thinking that they were amassing a huge 517 00:28:57,880 --> 00:29:02,000 Speaker 1: military and sophisticated strength, and it's withering in the face 518 00:29:02,240 --> 00:29:06,800 Speaker 1: of UH, average citizens fighting for their for their country. 519 00:29:07,200 --> 00:29:09,120 Speaker 1: Did you watch Donald Trump the other night over the 520 00:29:09,120 --> 00:29:12,000 Speaker 1: weekend at Sea pack I did not spend my weekend 521 00:29:12,000 --> 00:29:15,080 Speaker 1: watching Donald Trump, but I did hear what he said. Joe, Well, 522 00:29:15,120 --> 00:29:17,360 Speaker 1: we talked about this last week, right, you remember the 523 00:29:17,360 --> 00:29:21,120 Speaker 1: gushing uh Trump called Vladimir Putin a genius smart Mike 524 00:29:21,160 --> 00:29:26,760 Speaker 1: Pompeo with the elegantly sophisticated line. I believe so a 525 00:29:26,760 --> 00:29:29,160 Speaker 1: lot of folks were listening to Donald Trump at Sea 526 00:29:29,200 --> 00:29:31,960 Speaker 1: Packet moved to Orlando and he was he was the 527 00:29:32,240 --> 00:29:34,880 Speaker 1: big closer on Saturday night. He did say that the 528 00:29:34,920 --> 00:29:37,320 Speaker 1: invasion was wrong, but he still couldn't help but to 529 00:29:37,360 --> 00:29:41,200 Speaker 1: call Vladimir Putin smart. Here he is. The problem is 530 00:29:41,240 --> 00:29:44,680 Speaker 1: not that Putin is smart, which of course he's smart, 531 00:29:44,880 --> 00:29:51,040 Speaker 1: But real problem is that our leaders are dumb. We 532 00:29:51,120 --> 00:29:53,200 Speaker 1: heard that a lot of times on the campaign trail, 533 00:29:53,280 --> 00:29:55,160 Speaker 1: so that one's coming back now as the president. As 534 00:29:55,160 --> 00:29:58,040 Speaker 1: President Biden prepares to deliver his State of the Union 535 00:29:58,040 --> 00:30:00,800 Speaker 1: address tomorrow, which will be watched and passed by people 536 00:30:00,840 --> 00:30:04,320 Speaker 1: around the world, Putin remains the elephant in the room 537 00:30:04,360 --> 00:30:07,040 Speaker 1: with a portion of the Republican Party led by Yes, 538 00:30:07,120 --> 00:30:09,920 Speaker 1: Donald Trump. You remember what he said before. That's what 539 00:30:09,960 --> 00:30:11,560 Speaker 1: he said over the weekend, and this came up on 540 00:30:11,560 --> 00:30:15,920 Speaker 1: the Sunday shows, specifically ABC this week with George Stephanopolis. 541 00:30:15,920 --> 00:30:19,800 Speaker 1: He had Senator to Tom Cotton, Republican from Arkansas, not 542 00:30:20,040 --> 00:30:22,360 Speaker 1: a fan of Vladimir Putin, or we didn't think at 543 00:30:22,440 --> 00:30:26,720 Speaker 1: least this is Armed Services Committee, Senate Intelligence Committee, and 544 00:30:27,000 --> 00:30:31,760 Speaker 1: my goodness, he just Stephanopolis could not get him to 545 00:30:31,960 --> 00:30:36,000 Speaker 1: condemn Donald Trump's praise of Putin. It was not for 546 00:30:36,080 --> 00:30:37,959 Speaker 1: a lack of trying. I'm gonna try to walk you 547 00:30:38,000 --> 00:30:40,480 Speaker 1: through this because I couldn't believe this as I'm watching 548 00:30:40,520 --> 00:30:44,080 Speaker 1: with my coffee on a Sunday morning. Number one, George Stephanopolis, 549 00:30:44,080 --> 00:30:48,040 Speaker 1: would you condemn what Donald Trump said? Senator Cotton, George, 550 00:30:48,040 --> 00:30:50,200 Speaker 1: you've heard what I have to say about Vladimir Putin, 551 00:30:50,320 --> 00:30:53,640 Speaker 1: well that he is a ruthless dictator who's launched a naked, 552 00:30:53,800 --> 00:30:58,920 Speaker 1: unprovoked war of aggression. Okay, but you know what about 553 00:30:58,920 --> 00:31:01,080 Speaker 1: the former president Donald Trump and what you know he 554 00:31:01,120 --> 00:31:04,040 Speaker 1: said about Boo? Would you condemn that, Senator George. If 555 00:31:04,080 --> 00:31:06,240 Speaker 1: you want to know what Donald Trump thinks about Vladimir 556 00:31:06,280 --> 00:31:08,400 Speaker 1: Putin or any other topic, I encourage you to invite 557 00:31:08,480 --> 00:31:10,840 Speaker 1: him on your show. I don't speak on behalf of 558 00:31:10,840 --> 00:31:13,840 Speaker 1: other politicians. They can speak for themselves. I speak on 559 00:31:13,880 --> 00:31:17,400 Speaker 1: behalf of our Kansans well. But of course your big 560 00:31:17,440 --> 00:31:21,120 Speaker 1: Trump supporter and well you hated Vladimir Putin their, Senator Cotton. 561 00:31:21,120 --> 00:31:23,479 Speaker 1: I'm just well, just want to come back around one 562 00:31:23,480 --> 00:31:25,880 Speaker 1: more time. Would you condemn him? Live now on Sunday 563 00:31:25,880 --> 00:31:28,320 Speaker 1: Morning again, George, if you want to talk to the 564 00:31:28,400 --> 00:31:30,800 Speaker 1: former president about his views or his message, but you 565 00:31:30,800 --> 00:31:33,040 Speaker 1: can have him on your show, right, But you said 566 00:31:33,040 --> 00:31:36,600 Speaker 1: that already. Do we have another one? There's that? There's 567 00:31:36,600 --> 00:31:38,480 Speaker 1: another one? Okay, 'ant gonna come around one more time, 568 00:31:38,680 --> 00:31:43,400 Speaker 1: Senator Cotton. I just play it, George again. I don't 569 00:31:43,400 --> 00:31:45,640 Speaker 1: speak on behalf of other politicians. They can all speak 570 00:31:45,720 --> 00:31:48,680 Speaker 1: for themselves. I'm delivering my message to you, which I 571 00:31:48,680 --> 00:31:51,720 Speaker 1: said has been clear whether Barack Obama was president, whether 572 00:31:51,760 --> 00:31:56,240 Speaker 1: Donald Trump was president, and now whether Joe Biden was president. Genie, 573 00:31:56,280 --> 00:31:59,880 Speaker 1: is this a field day for Democrats? It certainly is, 574 00:32:00,000 --> 00:32:03,280 Speaker 1: and I you are, but did that very well, Joe. 575 00:32:03,320 --> 00:32:06,040 Speaker 1: I'm just trying to get something out of him for you. Yeah, 576 00:32:06,080 --> 00:32:08,760 Speaker 1: you really really did try. Um. You know, this is 577 00:32:08,840 --> 00:32:12,480 Speaker 1: the best news that Joe Biden can have going into this. 578 00:32:12,960 --> 00:32:15,280 Speaker 1: You know, State of the Union, that and the removal. 579 00:32:15,480 --> 00:32:18,440 Speaker 1: You know that the CDC's announcement on masks. You know, 580 00:32:18,560 --> 00:32:23,640 Speaker 1: the Democrats have been really worried post Afghanistan that Republicans 581 00:32:23,640 --> 00:32:26,760 Speaker 1: would hit them hard on being weak. It becomes tougher 582 00:32:26,840 --> 00:32:28,959 Speaker 1: or Joe Biden on being weak, It becomes tougher and 583 00:32:29,000 --> 00:32:31,440 Speaker 1: tougher for them to do that when they can't get 584 00:32:31,520 --> 00:32:36,280 Speaker 1: their act together and condemn somebody like Putin who has 585 00:32:36,480 --> 00:32:39,880 Speaker 1: launched an attack on a sovereign nation, and you have 586 00:32:40,040 --> 00:32:43,400 Speaker 1: a Senator from Arkansas sitting there on a Sunday morning. 587 00:32:43,720 --> 00:32:46,560 Speaker 1: You know, you had other Republicans Romney did condemn over 588 00:32:46,560 --> 00:32:49,560 Speaker 1: the weekend, but you have something like Tom Cotton very 589 00:32:49,680 --> 00:32:52,520 Speaker 1: very frightened or frightened enough of what would happen to 590 00:32:52,720 --> 00:32:55,600 Speaker 1: him if he tried to take Trump on, that is 591 00:32:55,600 --> 00:32:58,600 Speaker 1: a bad sign for Republicans and very good for Democrats. Well, 592 00:32:58,600 --> 00:33:01,320 Speaker 1: I guess I'll spend the question round for you wrecktive voters. 593 00:33:01,400 --> 00:33:05,640 Speaker 1: The Republican voters care about this conversation. Yea, some Republican 594 00:33:05,680 --> 00:33:08,160 Speaker 1: voters care about this conversation. I mean there's still a 595 00:33:08,280 --> 00:33:12,520 Speaker 1: very strong vain inside the Republican party that's hawkish when 596 00:33:12,520 --> 00:33:16,080 Speaker 1: it comes to Vladimir Putin and the ruthless thug that 597 00:33:16,120 --> 00:33:19,240 Speaker 1: he is and how he destabilizes to miss, you know, 598 00:33:19,480 --> 00:33:22,400 Speaker 1: democratic regimes all over the world. So sure, yeah, I 599 00:33:22,400 --> 00:33:25,400 Speaker 1: mean a lot of Trump voters care absolutely not. You know, 600 00:33:25,440 --> 00:33:27,680 Speaker 1: they care what Donald Trump tells them to care about, 601 00:33:28,040 --> 00:33:30,160 Speaker 1: you know. And and and Donald Trump, you know, comes 602 00:33:30,160 --> 00:33:33,560 Speaker 1: out of this thing. One of the controversies that existed 603 00:33:33,640 --> 00:33:36,160 Speaker 1: in his presidency was trying to hold up and he 604 00:33:36,520 --> 00:33:41,280 Speaker 1: did hold up lethal aid to Ukraine in order to 605 00:33:41,320 --> 00:33:45,080 Speaker 1: try and get Zelenski to investigate Joe Biden. And and 606 00:33:45,160 --> 00:33:47,800 Speaker 1: so here's a guy who has just no standing on 607 00:33:47,840 --> 00:33:51,160 Speaker 1: this topic who speaks out. And it's not a profile 608 00:33:51,240 --> 00:33:54,080 Speaker 1: encourage for Tom Cotton or any Republican who doesn't announce 609 00:33:54,120 --> 00:33:57,240 Speaker 1: this kind of mitt Romney, on the other hand, was 610 00:33:57,280 --> 00:34:00,479 Speaker 1: asked about this on CNN. He was asked to Marjorie 611 00:34:00,520 --> 00:34:04,280 Speaker 1: Taylor Green and Paul Gossar, Uh, somewhat separate, there's not 612 00:34:04,320 --> 00:34:06,920 Speaker 1: a Trump thing. He was asked about as well, they're 613 00:34:07,040 --> 00:34:11,120 Speaker 1: meeting with white supremacists. The response was a reference to 614 00:34:11,160 --> 00:34:13,000 Speaker 1: the old line he said from Butch Cassidy and the 615 00:34:13,040 --> 00:34:17,560 Speaker 1: Sundance Kid quote morons. I've got morons on my team, 616 00:34:17,600 --> 00:34:21,080 Speaker 1: he said. So it's onto the State of the Union 617 00:34:21,160 --> 00:34:23,840 Speaker 1: tomorrow night. We've talked a little bit this hour about 618 00:34:23,840 --> 00:34:27,200 Speaker 1: what the President is gonna say. I'm wondering about how 619 00:34:27,239 --> 00:34:29,680 Speaker 1: everyone's gonna look, and I'm not talking about the clothes 620 00:34:29,719 --> 00:34:32,080 Speaker 1: they're gonna wear tomorrow. And I'm wondering about masks. I've 621 00:34:32,120 --> 00:34:34,560 Speaker 1: started asking any lawmaker who dares to talk to us 622 00:34:35,120 --> 00:34:36,799 Speaker 1: whether they plan to mask up to markcu is they 623 00:34:36,880 --> 00:34:39,960 Speaker 1: change the policy right? It's gonna be mask optional inside 624 00:34:40,040 --> 00:34:45,120 Speaker 1: the House chamber. Here's Congressman Jim Clyburne. Yes, we're one. Uh, 625 00:34:45,360 --> 00:34:52,480 Speaker 1: whenever I feel comfortable wearing it and whenever the policies dictated. Okay, 626 00:34:53,040 --> 00:34:57,879 Speaker 1: not so much though. For Congressman French Hill, Republican from Arkansas. Well, 627 00:34:57,920 --> 00:35:00,680 Speaker 1: I think the CDC rules in the Chamber magic we 628 00:35:00,880 --> 00:35:02,600 Speaker 1: said we do not have to wear a mask in 629 00:35:02,640 --> 00:35:05,000 Speaker 1: the chamber, and so having warned one for two years 630 00:35:05,000 --> 00:35:07,480 Speaker 1: in the chamber, I think I'll take the opportunity to 631 00:35:07,520 --> 00:35:11,920 Speaker 1: be maskless. Will the majority be maskless tomorrow, Nigenie? I 632 00:35:11,960 --> 00:35:15,280 Speaker 1: think they will, and this is good sign for President Biden. 633 00:35:15,400 --> 00:35:18,480 Speaker 1: I'm hoping he comes in without a mask, but but 634 00:35:18,560 --> 00:35:20,480 Speaker 1: we'll have to see. You think he's got a mask 635 00:35:20,560 --> 00:35:23,400 Speaker 1: on Tomorrow night, Rick, Oh yeah, I mean he'll wear one, 636 00:35:23,400 --> 00:35:25,480 Speaker 1: at least into the Chamber because he'll be surrounded by 637 00:35:25,520 --> 00:35:28,240 Speaker 1: Democrats who all have their masks on. My real question 638 00:35:28,320 --> 00:35:30,560 Speaker 1: is will the Supreme Court come in with a mask? 639 00:35:30,840 --> 00:35:37,000 Speaker 1: How about the Defense Department? Tomorrow night special coverage State 640 00:35:37,000 --> 00:35:39,640 Speaker 1: of the Union. Here's RNDA Young on this day in 641 00:35:39,680 --> 00:35:44,479 Speaker 1: black history. In four Michael Jackson wins an unprecedented eight 642 00:35:44,600 --> 00:35:47,759 Speaker 1: Grammy Awards, including Album of the Year for Thriller and 643 00:35:47,920 --> 00:35:52,399 Speaker 1: Record of the Year for Beat It. To date, that's 644 00:35:52,440 --> 00:35:55,239 Speaker 1: the most number of Grammys one in a single night, 645 00:35:55,719 --> 00:35:59,800 Speaker 1: several other hits and awards. Later in Jackson was included 646 00:35:59,840 --> 00:36:01,319 Speaker 1: in the Rock and Roll Hall of Fame for the 647 00:36:01,320 --> 00:36:03,840 Speaker 1: first time as part of the Jackson Five with his brothers, 648 00:36:04,160 --> 00:36:07,600 Speaker 1: and later inducted as a solo artist in two thousand one. 649 00:36:07,719 --> 00:36:09,719 Speaker 1: In two thousand and six, the King of Pop was 650 00:36:09,800 --> 00:36:13,239 Speaker 1: named by Guinness World Records as the most successful entertainer 651 00:36:13,320 --> 00:36:16,440 Speaker 1: of all time. Three years later, in the week following 652 00:36:16,480 --> 00:36:19,359 Speaker 1: his death, Jackson became the first artist to sell more 653 00:36:19,400 --> 00:36:22,560 Speaker 1: than one million digital tracks in one week two point 654 00:36:22,600 --> 00:36:25,959 Speaker 1: six million tracks to be exact. And in yet another 655 00:36:26,000 --> 00:36:30,000 Speaker 1: posthumous record, Jackson became the first artist in history to 656 00:36:30,040 --> 00:36:32,319 Speaker 1: score a top ten hit on the Billboard Hot one 657 00:36:32,400 --> 00:36:36,960 Speaker 1: hundred in five different decades. That's to dame Black History. 658 00:36:37,000 --> 00:36:40,799 Speaker 1: I'm Rnita Young, Bloomberg Radio. A great job, Rannita Young. 659 00:36:40,960 --> 00:36:44,279 Speaker 1: Thanks to everyone for cramming into the fastest hour in politics. 660 00:36:44,680 --> 00:36:47,320 Speaker 1: Meet you tomorrow for the Super Bowl State of the Union. 661 00:36:47,520 --> 00:36:48,560 Speaker 1: This is Bloomberg