WEBVTT - Former President Trump Speaks and Dell Shares Sink

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<v Speaker 1>We're from Marhard.

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<v Speaker 2>We're Innovation, Money and Power Collie in Silicon Vallet NBN.

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<v Speaker 2>This is Bloomberg Technology with Caroline Hyde and Ed Ludlow.

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<v Speaker 3>A med love Loow in San Francisco. Caroline hides off.

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<v Speaker 3>This is Bloomberg Technology. Coming up this hour, we bring

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<v Speaker 3>you live comments from former President Trump as he prepares

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<v Speaker 3>to speak on his guilty verdict. Plus we'll hone in

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<v Speaker 3>on tech earnings and break down results from dell As

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<v Speaker 3>Chares Sink after the report, and we speak with EU

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<v Speaker 3>Commissioner Vera. You'rerova to talk social media, elections and misinformation.

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<v Speaker 3>We are awaiting live comments from former President Donald Trump

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<v Speaker 3>after he was found guilty in the first criminal trial

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<v Speaker 3>of a former US president sident in US history. For more,

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<v Speaker 3>let's go to Bloomberg Samrie Horden in New York City

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<v Speaker 3>and David Gura, who's actually outside of Trump Tower where

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<v Speaker 3>Trump is set to speak at any moment. David, we

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<v Speaker 3>start with you. Former President Trump has already given comments,

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<v Speaker 3>He's made his position on the outcome of the trial known.

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<v Speaker 3>What do we expect to come later?

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<v Speaker 4>Yeah, we got brief comments yesterday after that verdict was rendered.

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<v Speaker 4>The former President came downstairs in the courtroom in Lower

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<v Speaker 4>Manhattan and decried the proceedings and criticized the judge for

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<v Speaker 4>what had happened, and looked ahead to November fifth, to

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<v Speaker 4>the general election. He said, that's when the final verdict

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<v Speaker 4>will be rendered. I expect them in just a few

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<v Speaker 4>minutes time. We're going to hear something similar a variation

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<v Speaker 4>on that theme from the former president. We're looking for

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<v Speaker 4>two things. We're looking for some insight into his temperament,

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<v Speaker 4>how he has reacted to this astonishing verdict, this historic

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<v Speaker 4>verdict yesterday, also looking at sort of what he has

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<v Speaker 4>to say about the path forward for him. There are

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<v Speaker 4>a couple of key dates now that lie ahead. The

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<v Speaker 4>first July the eleventh, that's what he's scheduled to be

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<v Speaker 4>sentenced again here in Manhattan by Judge Wan Rashaan after

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<v Speaker 4>that verdict was reached yesterday. And then of course November fifth,

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<v Speaker 4>that is the general election in the United States. If

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<v Speaker 4>you were mistified, didn't mention that just a couple of

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<v Speaker 4>days after that sentencing date is the Republican National Convention.

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<v Speaker 4>There's a debate just before them. So this is a

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<v Speaker 4>busy calendar, busy political calendar that has sort of interwoven

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<v Speaker 4>with the legal calendar, and aside from temperament, what happens

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<v Speaker 4>with those dates. We want some indication of how this

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<v Speaker 4>appeals process is going to go. President former President Trump's

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<v Speaker 4>lawyer was on television last night talking about their intent

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<v Speaker 4>to appeal. What's the timeline for that going to be,

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<v Speaker 4>how is that going to dovetail with the sentencing memoranda

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<v Speaker 4>that are going to be filed as well. So ed

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<v Speaker 4>getting attention to all of that, hoping to get some

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<v Speaker 4>insight here from Donald Trump when he makes his way

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<v Speaker 4>to the atrium of the building behind me.

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<v Speaker 2>In just a few minutes time.

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<v Speaker 3>Amh the political story and if there is one thing

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<v Speaker 3>that President Biden and former President Trump agree on, I

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<v Speaker 3>think it's that November fifth is where real decisions will

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<v Speaker 3>be made.

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<v Speaker 5>Absolutely, that was the message from both those men yesterday evening.

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<v Speaker 5>When they use this verdict to really go out and

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<v Speaker 5>say their side of the story and try to campaign

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<v Speaker 5>off of it. That is what Joe Biden's campaign treated

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<v Speaker 5>as well as that's what the former president said yesterday.

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<v Speaker 5>And to David's point, I imagine he's going to make

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<v Speaker 5>that same pitch again today.

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<v Speaker 3>And they're both.

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<v Speaker 5>Campaigning off of this because this does matter for November fifth,

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<v Speaker 5>because right now, ed when you look at the polling

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<v Speaker 5>that was done ahead of this verdict, it's very muddy

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<v Speaker 5>in terms of it's a mixed bag. It feels like

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<v Speaker 5>a fickle electorate. I want to bring you two polls.

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<v Speaker 5>PBS News Hour, NPR Maris poll said sixty percent sixty

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<v Speaker 5>seven percent of voters that a conviction would make no

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<v Speaker 5>difference to who they decide to cast a vote for

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<v Speaker 5>on November fifth. Very key to that more than seventy

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<v Speaker 5>percent of those individuals were independents. Biden will bring his base,

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<v Speaker 5>Trump will bring his base. They have to fight for

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<v Speaker 5>the people that are on the fence and unsure of

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<v Speaker 5>for who they're going to vote for, especially in the

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<v Speaker 5>swing states. But then ahead of that verdict, we also

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<v Speaker 5>had a survey from Marquette Law Score and they said

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<v Speaker 5>that a guilty verdict would produce a four point lead

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<v Speaker 5>for Biden head to head in national polls, while a

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<v Speaker 5>not guilty verdict would have resulted in a six point

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<v Speaker 5>Trump lead. Time is only going to tell what message

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<v Speaker 5>is going to land with the electorate between now and November.

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<v Speaker 3>Fifth, Bloomberg, Samory Horden, and David Gurth. Thank you. We'll

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<v Speaker 3>get back to both of you later in their hour,

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<v Speaker 3>and as you can see the podium and live shot up,

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<v Speaker 3>we will bring you former President Donald Trump's comments as

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<v Speaker 3>they begin. I want to talk a little bit about markets.

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<v Speaker 3>In the markets, one of the main driving factors was

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<v Speaker 3>PCE a growing sense, particularly reflected in the bomb market,

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<v Speaker 3>that the Fed will have room to cut rates as

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<v Speaker 3>its preferred measure of inflation shows some easy although equities

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<v Speaker 3>which got off on a kind of stronger footing at

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<v Speaker 3>the open are a little softer. The S and P

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<v Speaker 3>five hundred, the sort of benchmark index, down a half

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<v Speaker 3>a percentage point. We also continue to reflect on former

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<v Speaker 3>President Johnald Trump's guilty verdict. Trump Media and Technology Group

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<v Speaker 3>off session lows down three point eight percent. There was

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<v Speaker 3>a much more profound move lower in after hours trading

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<v Speaker 3>last night. It actually opened higher. It's down lower. We

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<v Speaker 3>use it as a proxy for sentiment, and we track

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<v Speaker 3>that stock based on the market's interpretation of what is

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<v Speaker 3>happening with President Trump. Also important is the earning story,

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<v Speaker 3>and that is Dell. Dell is down twenty one percent,

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<v Speaker 3>extremely high expectations. This is a stock that was soaring

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<v Speaker 3>and investors were believing the AI story in particularly Dell

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<v Speaker 3>server business. But those high expectations weren't met, even though

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<v Speaker 3>we saw the first quarterly revenue growth in quite some time.

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<v Speaker 3>Let's go to Bloomberg's Brody Ford Brody. I think that

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<v Speaker 3>kind of sums it up. This was a company that

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<v Speaker 3>was doing well, The stock was riding high. Expectations were high,

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<v Speaker 3>and they didn't meet those off the expectations.

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<v Speaker 6>Yeah, being down twenty one percent sounds bad until you're

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<v Speaker 6>remember that they were up one hundred and thirty percent

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<v Speaker 6>through I mean, this is a sock that's out performed

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<v Speaker 6>in video this year because everybody remember that wait, hold up,

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<v Speaker 6>Dell makes more than computers.

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<v Speaker 7>They make servers. They make high powered servers. If you

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<v Speaker 7>want to train AI models and inference them, you need

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<v Speaker 7>these AI servers. And so they've really vaulted over the

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<v Speaker 7>last year as they've seen their orders for these AI

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<v Speaker 7>oriented servers go to zero until up about three billion. Right,

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<v Speaker 7>So in case where they.

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<v Speaker 3>Were Billienback's praty for President Trump is speaking in New

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<v Speaker 3>York City.

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<v Speaker 8>People, these are in many cases, I believe sick people.

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<v Speaker 8>When you look at our country, what's happening where millions

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<v Speaker 8>and millions of people are flowing in from all parts

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<v Speaker 8>of the world, not just South America, from Africa, from Asia,

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<v Speaker 8>from the Middle East, and they're coming in from jails

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<v Speaker 8>and prisons, and they're coming in from mental institutions and

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<v Speaker 8>say the asylums. They're coming in from all over the

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<v Speaker 8>world into our country, and we have a president and

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<v Speaker 8>a group of fascists that don't want to do anything

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<v Speaker 8>about it because they could. Right now today he could

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<v Speaker 8>stop it, but he's not. They're destroying our country. Our

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<v Speaker 8>country is in very bad shape, and they're.

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<v Speaker 2>Very much against me saying these things.

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<v Speaker 8>They want to raise your taxes by four times. They

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<v Speaker 8>want to stop you from having cars with their ridiculous

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<v Speaker 8>mandates that make it impossible for you to get a

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<v Speaker 8>car ford a car, but make it very possible for

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<v Speaker 8>China to build.

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<v Speaker 2>All of our cars. It's a very serious problem that

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<v Speaker 2>we have.

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<v Speaker 8>We just went through one of many experiences where we

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<v Speaker 8>had conflicted judge, highly conflicted. There's never been a more

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<v Speaker 8>conflicted judge. Now I'm under a gag order which nobody's

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<v Speaker 8>ever been under. No presidential candidates ever been under a

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<v Speaker 8>gag order before. I'm under a order, nasty gag order

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<v Speaker 8>where I've had to pay thousands of dollars in penalties

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<v Speaker 8>and fines and was threatened with jail.

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<v Speaker 2>Think of it. I'm the leading candidate.

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<v Speaker 8>I'm leading Biden by a lot, and I'm leading the

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<v Speaker 8>Republicans to the point where that's over. So I'm the

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<v Speaker 8>leading person for president and I'm under a gag order

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<v Speaker 8>by a man that can't put two sentences together given

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<v Speaker 8>by a court, and they are in total conjunction with

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<v Speaker 8>the White House and the DOJ. Just so you understand,

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<v Speaker 8>this is all done by Biden and his people, maybe

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<v Speaker 8>his people more importantly, I don't know if Biden knows

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<v Speaker 8>too much about it, because I don't know if he

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<v Speaker 8>knows about anything, but he's nevertheless the president, so we

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<v Speaker 8>have to use his name. And this is done by Washington,

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<v Speaker 8>and nobody's ever seen anything like it. So we have

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<v Speaker 8>a judge who's highly conflicted. You know what the confliction is.

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<v Speaker 8>Nobody wants to write about it, and I'm not allowed

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<v Speaker 8>to talk about it. If I do, he said, I

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<v Speaker 8>get put in jail. So we'll play that game a

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<v Speaker 8>little bit longer. We won't talk about it, but you're

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<v Speaker 8>allowed to talk about it. I hope you do, because

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<v Speaker 8>there's never been anybody so conflicted.

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<v Speaker 2>It says.

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<v Speaker 8>As far as the trial itself, it was very unfair.

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<v Speaker 8>We weren't allowed to use our election expert under any circumstances.

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<v Speaker 8>You saw what happened to some of the witnesses that

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<v Speaker 8>were on our side. They were literally crucified by this

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<v Speaker 8>man who looks like an angel, but he's really a devil.

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<v Speaker 2>He looks so nice and soft, people say, always.

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<v Speaker 8>Seems like such a nice man, known unless you saw

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<v Speaker 8>him in action, and you saw that with a certain

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<v Speaker 8>witness that went through hell. And when we wanted to

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<v Speaker 8>do things, he wouldn't let him. He wouldn't let us

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<v Speaker 8>do those things. But when the government wanted something, they

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<v Speaker 8>got to everything. They got everything they wanted. It's a

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<v Speaker 8>rigged It was a rig trial. We wanted a venue

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<v Speaker 8>change where we could have a fair trial.

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<v Speaker 2>We didn't get it. We wanted a judge change. We

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<v Speaker 2>wanted a judge.

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<v Speaker 8>It wasn't conflicted and obviously he didn't do that. Nobody's

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<v Speaker 8>ever seen anything like it. We had a DA who

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<v Speaker 8>was a failed DA.

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<v Speaker 2>Crime is rampant in New York.

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<v Speaker 8>Violent crime, that's what he's really supposed to be looking at.

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<v Speaker 8>Crime is rampant in New York yesterday and McDonald's you

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<v Speaker 8>had a man hitting him up with machetes a machete.

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<v Speaker 8>Whoever can imagine even a machete being wielded in a

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<v Speaker 8>store in a place where they're eating, And he's going rampant,

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<v Speaker 8>and Bragg is down watching a trial on what they

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<v Speaker 8>call crimes crimes falsifying business records. That sounds so bad

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<v Speaker 8>to me. It sounds very bad. You know, it's only

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<v Speaker 8>a mismeaner, but to me, it sounds so bad. When

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<v Speaker 8>they say falsifying business that's a bad thing for me.

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<v Speaker 2>I've never had that before. I'm falsifying.

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<v Speaker 8>You know what falsifying business records is in the first degree,

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<v Speaker 8>They say, falsifying business records. Sounds so good, right? It

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<v Speaker 8>means that legal expense. I paid a lawyer, totally legal.

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<v Speaker 8>I paid a lawyer a legal expense, and a bookkeeper,

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<v Speaker 8>without any knowledge from me, correctly marked it down in

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<v Speaker 8>the books. A very professional woman, highly respected, she testified

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<v Speaker 8>marked it.

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<v Speaker 2>Down in the books. Is a legal expense.

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<v Speaker 8>So a legal expense paid a lawyer is a legal

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<v Speaker 8>expense in the books. It's not a sheet rock construction

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<v Speaker 8>or any other thing.

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<v Speaker 2>It's a legal expense. Think of that.

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<v Speaker 8>This is what the falsification of cause? And I said,

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<v Speaker 8>what else are you going to call it? What else

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<v Speaker 8>are you going to call it?

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<v Speaker 9>Now?

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<v Speaker 2>I would have testified. I wanted to testify.

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<v Speaker 8>The theory is you never testify because as soon as

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<v Speaker 8>you testify anybody, if it were George Washington, don't testify

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<v Speaker 8>because they'll get you on something that you said slightly

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<v Speaker 8>wrong and then they sue you for perjury.

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<v Speaker 2>But I didn't care about that. I wanted to.

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<v Speaker 8>But the judge allowed them to go into everything that

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<v Speaker 8>I was ever involved, and not this case, everything that

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<v Speaker 8>I was ever involved, and which.

0:12:29.040 --> 0:12:29.600
<v Speaker 2>Is a first.

0:12:30.200 --> 0:12:32.680
<v Speaker 8>In other words, you could go into every single thing

0:12:33.960 --> 0:12:34.960
<v Speaker 8>that I ever did.

0:12:35.320 --> 0:12:36.200
<v Speaker 2>Was he a bad boy?

0:12:36.240 --> 0:12:36.440
<v Speaker 3>Here?

0:12:36.600 --> 0:12:39.920
<v Speaker 2>Was he a bad boy? There? Emma Lewis said, what

0:12:39.920 --> 0:12:40.719
<v Speaker 2>do you need to go through?

0:12:40.760 --> 0:12:42.800
<v Speaker 8>And all you wanted to do is testify simply on

0:12:42.880 --> 0:12:46.240
<v Speaker 8>this case because I would have loved to have testified

0:12:46.320 --> 0:12:48.280
<v Speaker 8>to this day, I would have liked to have testified,

0:12:48.679 --> 0:12:50.960
<v Speaker 8>But you would have been You would have said something

0:12:51.080 --> 0:12:53.880
<v Speaker 8>out of whack like it was a beautiful sunny day

0:12:53.880 --> 0:12:56.920
<v Speaker 8>and it was actually raining out, and I very much

0:12:56.960 --> 0:13:00.559
<v Speaker 8>appreciate the big crowd of people outside. That's incredible what's happening.

0:13:01.360 --> 0:13:03.280
<v Speaker 8>The level of support has been incredible.

0:13:04.080 --> 0:13:05.680
<v Speaker 2>So the whole thing is.

0:13:07.440 --> 0:13:10.960
<v Speaker 8>Legal expense was marked down as legal expense. Think of that,

0:13:11.280 --> 0:13:15.480
<v Speaker 8>is this is the crime that I committed that I'm

0:13:15.520 --> 0:13:17.240
<v Speaker 8>supposed to go to jail for one hundred and eighty

0:13:17.320 --> 0:13:21.400
<v Speaker 8>seven years for. When you have violent crime all over

0:13:21.400 --> 0:13:25.240
<v Speaker 8>this city at levels that nobody's ever seen before, where

0:13:25.280 --> 0:13:28.120
<v Speaker 8>you have businesses leaving, and businesses are leaving because of

0:13:28.160 --> 0:13:31.679
<v Speaker 8>this because heads of businesses say, man, we don't.

0:13:31.480 --> 0:13:33.320
<v Speaker 2>Want to get involved with that.

0:13:33.640 --> 0:13:37.360
<v Speaker 8>I could go through the books of any business person

0:13:38.080 --> 0:13:41.040
<v Speaker 8>in the city and I could find things that in theory,

0:13:41.080 --> 0:13:43.880
<v Speaker 8>I guess, let's indict him, let's destroy his life.

0:13:45.400 --> 0:13:46.199
<v Speaker 2>But I'm out.

0:13:46.040 --> 0:13:48.520
<v Speaker 8>There, and I don't mind being out there because I'm

0:13:48.520 --> 0:13:51.280
<v Speaker 8>doing something for this country and I'm doing something.

0:13:51.240 --> 0:13:52.239
<v Speaker 2>For our constitution.

0:13:52.360 --> 0:13:56.360
<v Speaker 8>It's very important, far beyond me, and this can't be

0:13:56.360 --> 0:13:58.840
<v Speaker 8>allowed to happen to other presidents. It should never be

0:13:58.880 --> 0:14:01.760
<v Speaker 8>allowed to happen in the future.

0:14:02.240 --> 0:14:03.480
<v Speaker 2>But this is far beyond me.

0:14:03.559 --> 0:14:05.439
<v Speaker 8>This is bigger than Trump This is bigger than me,

0:14:05.559 --> 0:14:07.640
<v Speaker 8>This is bigger than my presidency.

0:14:08.440 --> 0:14:09.760
<v Speaker 2>And the people understand it.

0:14:09.800 --> 0:14:13.400
<v Speaker 8>Because I just see a poll just came out the

0:14:13.520 --> 0:14:14.240
<v Speaker 8>Daily Mail.

0:14:14.600 --> 0:14:16.040
<v Speaker 2>That was the first one came out.

0:14:16.280 --> 0:14:19.640
<v Speaker 8>It was done last night, right after the verdict, where

0:14:19.680 --> 0:14:23.800
<v Speaker 8>I'm up six points, six points from what we already were.

0:14:23.840 --> 0:14:27.920
<v Speaker 8>We were leading fairly substantially. We're up six points in

0:14:28.000 --> 0:14:30.200
<v Speaker 8>the Daily Mail poll. Now, maybe other poles come out

0:14:30.240 --> 0:14:33.160
<v Speaker 8>and says something differently, but a lot of people have

0:14:33.280 --> 0:14:37.560
<v Speaker 8>predicted it because the public understands and they understand what's

0:14:37.640 --> 0:14:41.360
<v Speaker 8>going on. This is a scam. There's a rig trial.

0:14:42.520 --> 0:14:44.400
<v Speaker 8>It shouldn't have been in that venue. We shouldn't have

0:14:44.440 --> 0:14:47.960
<v Speaker 8>had that judge. He should allowed us to have an

0:14:47.960 --> 0:14:52.160
<v Speaker 8>election expert. We had the best expert, most respected expert,

0:14:52.240 --> 0:14:55.040
<v Speaker 8>head of the Federal Elections Commission.

0:14:55.040 --> 0:14:56.360
<v Speaker 2>He was all set to testify.

0:14:56.440 --> 0:14:59.760
<v Speaker 8>He was waiting for two days and when it was

0:14:59.760 --> 0:15:05.440
<v Speaker 8>his Braggs, people protested and the judge knocked him out

0:15:05.480 --> 0:15:08.480
<v Speaker 8>said you can't testify. He actually said, you can't testify

0:15:08.720 --> 0:15:10.560
<v Speaker 8>for anything having to do with the trial. You can

0:15:10.640 --> 0:15:14.280
<v Speaker 8>say what the federal elections is. Well, that doesn't help.

0:15:14.520 --> 0:15:19.120
<v Speaker 8>Everybody knows that. But you can't testify, So essentially he

0:15:19.240 --> 0:15:22.280
<v Speaker 8>wasn't able to testify. Other people weren't able to testify.

0:15:22.440 --> 0:15:28.440
<v Speaker 8>But with these people, they were able to use people salatious,

0:15:29.480 --> 0:15:34.360
<v Speaker 8>by the way, and nothing ever happened. There was no anything,

0:15:34.480 --> 0:15:37.000
<v Speaker 8>Nothing ever happened, and they know it. But they were

0:15:37.640 --> 0:15:40.520
<v Speaker 8>as salacious as they could be. And it had nothing

0:15:40.560 --> 0:15:42.680
<v Speaker 8>to do with the case, but it had to do

0:15:42.760 --> 0:15:46.360
<v Speaker 8>with politics. And do you notice the timing, The timing

0:15:46.480 --> 0:15:49.840
<v Speaker 8>was perfect. This case was dead. It was dropped by

0:15:49.960 --> 0:15:55.000
<v Speaker 8>every agency, every governmental board. It was dropped by the

0:15:55.080 --> 0:15:59.280
<v Speaker 8>highly respected Southern District. They said, no, there's no case here.

0:16:00.280 --> 0:16:02.920
<v Speaker 8>It was dropped by federal election. And that's what it's about.

0:16:02.920 --> 0:16:05.000
<v Speaker 8>This about a federal election, not a state election.

0:16:05.080 --> 0:16:06.880
<v Speaker 2>You're not even allowed to look at it.

0:16:07.920 --> 0:16:09.960
<v Speaker 8>They took the state and the city and they went

0:16:09.960 --> 0:16:11.000
<v Speaker 8>into a federal election.

0:16:11.160 --> 0:16:11.880
<v Speaker 2>They're not allowed.

0:16:12.200 --> 0:16:16.640
<v Speaker 8>The people from federal elections, Southern District and Washington dropped

0:16:16.640 --> 0:16:19.200
<v Speaker 8>the case. Everybody dropped the case. There was no case.

0:16:20.360 --> 0:16:23.880
<v Speaker 8>Sivants dropped the case. And when Bragg came in, he said,

0:16:23.920 --> 0:16:26.840
<v Speaker 8>this is the most ridiculous case I've ever seen. And

0:16:26.880 --> 0:16:30.040
<v Speaker 8>who would have a certain person again gag order, who

0:16:30.040 --> 0:16:34.280
<v Speaker 8>would have a certain person like this ever testify. He said,

0:16:34.320 --> 0:16:36.400
<v Speaker 8>this is essentially one of the worst people I've ever

0:16:36.440 --> 0:16:41.560
<v Speaker 8>seen ever to testify. He said, the craziest case I've

0:16:41.600 --> 0:16:45.120
<v Speaker 8>ever seen this is Bragg. Then want to announced I

0:16:45.160 --> 0:16:49.720
<v Speaker 8>was running for president. A long time later, they decided

0:16:49.760 --> 0:16:57.400
<v Speaker 8>to revive this case and they got a judge, Judge Marshaan.

0:16:57.680 --> 0:16:58.280
<v Speaker 2>Who was.

0:17:00.000 --> 0:17:03.560
<v Speaker 8>Responsible for another case it was also brought. Destroyed the

0:17:03.600 --> 0:17:05.800
<v Speaker 8>life of a very good man, by the way, destroyed

0:17:05.800 --> 0:17:09.280
<v Speaker 8>the life of a very good man who went to

0:17:09.320 --> 0:17:12.639
<v Speaker 8>prison once and then they just put him in prison

0:17:12.680 --> 0:17:15.080
<v Speaker 8>again because they said he lied.

0:17:15.240 --> 0:17:17.640
<v Speaker 2>He didn't lie. I looked at the statements he made.

0:17:17.720 --> 0:17:19.800
<v Speaker 8>In fact, he didn't remember something, and they put him

0:17:19.840 --> 0:17:24.880
<v Speaker 8>in jail again. They've destroyed him. With me for many years,

0:17:24.960 --> 0:17:27.280
<v Speaker 8>he was an honorable person. He was an honest man.

0:17:29.119 --> 0:17:32.920
<v Speaker 8>And if you look at what he did, supposedly it

0:17:33.119 --> 0:17:36.560
<v Speaker 8>never happened. There's never been anything like this. Over the

0:17:36.720 --> 0:17:40.879
<v Speaker 8>education of his grandchildren. Over he didn't report that he

0:17:40.920 --> 0:17:44.159
<v Speaker 8>had a car or two cars on his income.

0:17:44.200 --> 0:17:44.640
<v Speaker 2>I don't know.

0:17:45.280 --> 0:17:47.440
<v Speaker 8>I wonder how many people here have cars. I wonder

0:17:47.480 --> 0:17:49.320
<v Speaker 8>how many people said, oh, you have a car that's

0:17:49.320 --> 0:17:51.760
<v Speaker 8>worth x doll's how to even figure it? And I

0:17:51.760 --> 0:17:54.200
<v Speaker 8>guess you do have to report it, but I would

0:17:54.240 --> 0:17:56.560
<v Speaker 8>say probably almost nobody does.

0:17:56.640 --> 0:17:57.880
<v Speaker 2>Nobody even thinks about it.

0:17:58.240 --> 0:18:01.640
<v Speaker 8>They put this man, they destroyed this man, but they

0:18:01.640 --> 0:18:03.679
<v Speaker 8>put him in jail again because they didn't want him

0:18:03.720 --> 0:18:07.920
<v Speaker 8>to testify. They didn't want him to testify. That's why

0:18:07.920 --> 0:18:11.920
<v Speaker 8>he went to jail. They put him in jail twice.

0:18:12.240 --> 0:18:17.080
<v Speaker 8>He's seventy seven years old. Now, normally i'd say that's

0:18:17.480 --> 0:18:21.879
<v Speaker 8>an old guy, but I don't feel seventy seven. Nobody

0:18:21.920 --> 0:18:24.160
<v Speaker 8>ever says that about me. I'd like him to say, Gee,

0:18:24.680 --> 0:18:26.879
<v Speaker 8>we have to have a little sorrow for this man

0:18:27.600 --> 0:18:30.600
<v Speaker 8>because they just don't say that about me. But maybe

0:18:30.600 --> 0:18:32.600
<v Speaker 8>I'm better off that way. I think I'm probably better

0:18:32.640 --> 0:18:35.439
<v Speaker 8>off that way. But they put him in jail twice.

0:18:36.520 --> 0:18:38.080
<v Speaker 8>And you have to see what They put him in jail.

0:18:38.119 --> 0:18:42.480
<v Speaker 8>And he was threatened by the judge. This man was told,

0:18:42.520 --> 0:18:46.920
<v Speaker 8>you're gonna get fifteen years in jail if you don't

0:18:47.160 --> 0:18:51.280
<v Speaker 8>give up Trump. And he was told that you're gonna

0:18:51.280 --> 0:18:56.840
<v Speaker 8>get fifteen years in jail. And he made a plea

0:18:56.920 --> 0:19:00.280
<v Speaker 8>deal because he the rest of his life. And he

0:19:00.359 --> 0:19:04.960
<v Speaker 8>was told that viciously we're living in a fascist state.

0:19:05.920 --> 0:19:09.320
<v Speaker 8>He was told that viciously. So you can go to

0:19:09.400 --> 0:19:14.480
<v Speaker 8>jail for four months, five months, or you can get

0:19:14.800 --> 0:19:19.440
<v Speaker 8>fifteen years in jail. So do a plea. Almost who

0:19:19.440 --> 0:19:22.159
<v Speaker 8>wouldn't do that plea? Everyone does those please, it's a

0:19:22.200 --> 0:19:25.720
<v Speaker 8>horrible thing. There's a whole group of lawyers that fight that.

0:19:25.800 --> 0:19:29.399
<v Speaker 8>It's so unfair. It's so unfair. But they destroyed his

0:19:29.520 --> 0:19:34.240
<v Speaker 8>life so many other things. You look at Southern District

0:19:34.240 --> 0:19:39.240
<v Speaker 8>didn't want to bring the case. Nobody wanted to bring

0:19:39.280 --> 0:19:41.639
<v Speaker 8>the case. And then you know who didn't want to

0:19:41.640 --> 0:19:45.480
<v Speaker 8>bring the case most of all is Bragg. Bragg didn't

0:19:45.520 --> 0:19:48.119
<v Speaker 8>want to bring it. But then he brought it, and

0:19:48.160 --> 0:19:50.080
<v Speaker 8>they tried to make it a different case. They didn't

0:19:50.080 --> 0:19:55.119
<v Speaker 8>say legal expense equal legal expense again if I wrote

0:19:55.160 --> 0:19:58.119
<v Speaker 8>down and paid a lawyer. And by the way, this

0:19:58.320 --> 0:20:00.359
<v Speaker 8>was a highly qualified lawyer. Now I'm not allowed to

0:20:00.400 --> 0:20:02.720
<v Speaker 8>use his name because of the gear order, but you know,

0:20:02.800 --> 0:20:05.560
<v Speaker 8>he's a sleeves bag. Everybody knows that. It took me

0:20:05.600 --> 0:20:09.080
<v Speaker 8>a while to find out, but he was effective. He

0:20:09.160 --> 0:20:12.440
<v Speaker 8>did work. But he wasn't a fixer. He was a lawyer.

0:20:12.480 --> 0:20:14.000
<v Speaker 8>You know, they like to use the word fixer. He

0:20:14.040 --> 0:20:15.720
<v Speaker 8>wasn't a fixer. He was a lawyer at the time.

0:20:15.760 --> 0:20:19.600
<v Speaker 8>He was a fully accredited lawyer. Now he got into

0:20:19.600 --> 0:20:21.960
<v Speaker 8>trouble not because of me. He got into trouble because

0:20:21.960 --> 0:20:24.000
<v Speaker 8>he made outside deals and he had something to do

0:20:24.080 --> 0:20:28.439
<v Speaker 8>with taxi cabs and medallions that he borrowed money, and

0:20:28.520 --> 0:20:29.600
<v Speaker 8>that's why he went.

0:20:29.680 --> 0:20:30.200
<v Speaker 2>And then he.

0:20:30.119 --> 0:20:38.600
<v Speaker 8>Pled to three three election violations. And as soon as

0:20:38.640 --> 0:20:40.359
<v Speaker 8>I saw that, I said, I wonder why he did that.

0:20:40.400 --> 0:20:43.040
<v Speaker 8>He pled He took a deal. Now I took a

0:20:43.080 --> 0:20:46.400
<v Speaker 8>deal because he wanted to get off. In other words,

0:20:46.720 --> 0:20:48.720
<v Speaker 8>I'll take a plea deal and I want to get off.

0:20:49.200 --> 0:20:51.280
<v Speaker 8>And he wanted to make a deal with the Southern District.

0:20:51.880 --> 0:20:55.840
<v Speaker 8>And they wrote the worst report I think I've ever

0:20:55.880 --> 0:20:59.399
<v Speaker 8>seen on any human being, other than the report that

0:20:59.640 --> 0:21:04.240
<v Speaker 8>was written on James Coomy by the Inspector General. A

0:21:04.359 --> 0:21:08.280
<v Speaker 8>very great inspector General actually wrote a report that was

0:21:08.280 --> 0:21:13.159
<v Speaker 8>so bad. This one was possibly worse. The Southern District.

0:21:13.200 --> 0:21:15.959
<v Speaker 8>The judge didn't let us use it. He said it's hearsay.

0:21:16.000 --> 0:21:18.040
<v Speaker 8>I said, it's not here, say wouldn't let us use it.

0:21:18.520 --> 0:21:21.680
<v Speaker 8>This is about the man. But he got in trouble

0:21:22.800 --> 0:21:26.840
<v Speaker 8>for a very simple reason, because he was involved with

0:21:26.880 --> 0:21:29.080
<v Speaker 8>borrowing a lot of money and he did something with

0:21:29.119 --> 0:21:31.560
<v Speaker 8>the banks. I don't know if it's defrauded the banks,

0:21:31.600 --> 0:21:32.520
<v Speaker 8>but something happened.

0:21:33.200 --> 0:21:34.200
<v Speaker 2>You guys know what it is.

0:21:34.960 --> 0:21:37.439
<v Speaker 8>And then in addition to that, he gave up in

0:21:37.520 --> 0:21:39.520
<v Speaker 8>three things where he wasn't guilty. In fact, they were

0:21:39.520 --> 0:21:42.880
<v Speaker 8>going to testify in that the head of the FEC,

0:21:43.000 --> 0:21:47.560
<v Speaker 8>the brand Smith, the election expert number one raided in

0:21:47.600 --> 0:21:49.240
<v Speaker 8>the country, who was going to testify.

0:21:50.080 --> 0:21:51.320
<v Speaker 2>He took a plea in three things.

0:21:51.400 --> 0:21:53.440
<v Speaker 8>He just added them in because that gave him more

0:21:53.480 --> 0:21:56.480
<v Speaker 8>bargaining power with the respect to me. But the three

0:21:56.600 --> 0:21:59.080
<v Speaker 8>things that he pled on having to do with the

0:21:59.119 --> 0:22:03.159
<v Speaker 8>election and having to do essentially a little bit with me,

0:22:04.400 --> 0:22:10.720
<v Speaker 8>they weren't crimes. They weren't crimes. Nor is paying money

0:22:10.800 --> 0:22:15.560
<v Speaker 8>under an NDA. So we have an NDA non disclosure agreement.

0:22:16.560 --> 0:22:19.760
<v Speaker 8>It's a big deal in non disclosure agreement. Totally honorable,

0:22:19.880 --> 0:22:25.000
<v Speaker 8>totally good, totally accepted. Everybody has them, Every company.

0:22:24.640 --> 0:22:26.119
<v Speaker 2>Has non disclosure agreements.

0:22:27.240 --> 0:22:30.520
<v Speaker 8>But the press called it slush fund and all sorts

0:22:30.560 --> 0:22:33.240
<v Speaker 8>of other things, hush money, hush money.

0:22:33.280 --> 0:22:34.000
<v Speaker 2>It's not hush money.

0:22:34.040 --> 0:22:38.720
<v Speaker 8>It's called the non disclosure agreement, and most of the

0:22:38.760 --> 0:22:41.040
<v Speaker 8>people in this room have a non disclosure agreement with

0:22:41.080 --> 0:22:46.600
<v Speaker 8>their company. It's a disgrace. So it's not hush money.

0:22:46.640 --> 0:22:51.959
<v Speaker 8>It's a non disclosure agreement, totally legal, totally common, everyone

0:22:52.040 --> 0:22:58.560
<v Speaker 8>has it. And what happened is he signed a non

0:22:58.600 --> 0:23:03.080
<v Speaker 8>dislosure agreement with this perse. I guess other people, but

0:23:03.200 --> 0:23:05.960
<v Speaker 8>it's totally honest. You're allowed to make the payment, could

0:23:06.240 --> 0:23:07.679
<v Speaker 8>you don't have to make it, and you can make

0:23:07.720 --> 0:23:09.600
<v Speaker 8>it any way you want. It's a non disclosure game.

0:23:10.760 --> 0:23:13.720
<v Speaker 8>And he signed that and there was nothing wrong with

0:23:13.800 --> 0:23:17.520
<v Speaker 8>signing it. And this should have been a non case.

0:23:17.600 --> 0:23:20.280
<v Speaker 8>And everybody said it was a non case, including Bragg.

0:23:20.359 --> 0:23:23.320
<v Speaker 8>Brad said until I ran for office, and then they

0:23:23.359 --> 0:23:25.639
<v Speaker 8>saw the polls. I was leading the Republicans, I was

0:23:25.760 --> 0:23:28.919
<v Speaker 8>leading the Democrats, I was leading everybody, and all of

0:23:28.920 --> 0:23:33.080
<v Speaker 8>a sudden they brought it back. It's a very sad

0:23:33.119 --> 0:23:38.439
<v Speaker 8>thing that's happening in our country, and it's a.

0:23:38.440 --> 0:23:40.440
<v Speaker 2>Thing that I'm honored. In a way. I'm honored. It's

0:23:40.480 --> 0:23:41.560
<v Speaker 2>not that it's pleasant.

0:23:42.160 --> 0:23:46.200
<v Speaker 8>It's very bad for family, it's very bad for friends

0:23:46.240 --> 0:23:49.439
<v Speaker 8>and businesses. But I'm honored to be involved in it

0:23:49.440 --> 0:23:51.840
<v Speaker 8>because somebody has to do it, and I might as

0:23:51.840 --> 0:23:54.360
<v Speaker 8>well keep going and be the one. But I'm very

0:23:54.359 --> 0:23:56.960
<v Speaker 8>honored to be involved because we're fighting for a constitution.

0:24:00.440 --> 0:24:05.280
<v Speaker 2>Money that was paid was paid legally. There was nothing illegal.

0:24:06.119 --> 0:24:09.040
<v Speaker 8>In fact, the lawyer in creating the NDA, because at

0:24:09.040 --> 0:24:11.119
<v Speaker 8>that time he was a fully accredited lawyer.

0:24:11.280 --> 0:24:14.800
<v Speaker 2>He wasn't a fixer. I never thought of as a fixer.

0:24:15.560 --> 0:24:18.640
<v Speaker 8>The media called him a fixer, or the prosecutors called

0:24:18.680 --> 0:24:22.239
<v Speaker 8>him a fix He was a lawyer and he was

0:24:22.280 --> 0:24:23.000
<v Speaker 8>fairly good.

0:24:23.760 --> 0:24:25.360
<v Speaker 2>Later on, I didn't like what he did.

0:24:25.400 --> 0:24:28.640
<v Speaker 8>I didn't like, for instance, I didn't like that when

0:24:28.680 --> 0:24:32.400
<v Speaker 8>I became president, he went around and made deals with companies.

0:24:32.400 --> 0:24:33.399
<v Speaker 2>When I heard that he.

0:24:33.280 --> 0:24:39.720
<v Speaker 8>Was gone, he was gone, and he had payments coming

0:24:39.760 --> 0:24:42.760
<v Speaker 8>to him. And a lot of this involved things that

0:24:42.800 --> 0:24:45.359
<v Speaker 8>are very simple. There was nothing wrong. These were standard.

0:24:45.480 --> 0:24:50.879
<v Speaker 8>This was standard stuff, all standard stuff. Everything involved was standard.

0:24:50.920 --> 0:24:53.880
<v Speaker 8>There was no crime here. In fact, I just watched

0:24:54.680 --> 0:24:58.159
<v Speaker 8>a couple of the reports you watched, Jonathan Turley, Andy McCarthy,

0:24:58.760 --> 0:25:03.199
<v Speaker 8>Greg Jarrett. You look at all of these people, Mark Levin,

0:25:04.600 --> 0:25:09.800
<v Speaker 8>all very talented people, great people, many more, many more,

0:25:10.760 --> 0:25:11.560
<v Speaker 8>and they don't know me.

0:25:11.840 --> 0:25:13.160
<v Speaker 2>Essentially, they don't know me.

0:25:13.200 --> 0:25:17.840
<v Speaker 8>The legal scholars and experts, but I look at them.

0:25:17.920 --> 0:25:22.600
<v Speaker 2>I watched turarly this morning saying there's no crime here.

0:25:23.359 --> 0:25:27.240
<v Speaker 8>Everybody says there's no crime here except for this DA

0:25:27.359 --> 0:25:30.479
<v Speaker 8>that's got the city out of control with crime. It's

0:25:30.520 --> 0:25:33.199
<v Speaker 8>out of it's absolutely out of control. So we have

0:25:33.240 --> 0:25:37.199
<v Speaker 8>an NDA that was signed. We have legal expenses. And

0:25:37.320 --> 0:25:45.120
<v Speaker 8>here's the thing on legal expenses, you have one hundred

0:25:45.320 --> 0:25:47.480
<v Speaker 8>where they say if they do it, charge I just

0:25:47.560 --> 0:25:53.600
<v Speaker 8>recorded this out falsification of business records in the first degree.

0:25:53.640 --> 0:25:58.040
<v Speaker 2>It sounds so bad. I said, wow. And even my old.

0:25:57.880 --> 0:26:01.480
<v Speaker 8>Lawyers, I get very upset with them because they don't

0:26:01.520 --> 0:26:07.600
<v Speaker 8>say what it is. They say, well, falsification of legal

0:26:08.160 --> 0:26:09.760
<v Speaker 8>records is only a felony.

0:26:09.800 --> 0:26:10.560
<v Speaker 2>Well that's a lot.

0:26:10.760 --> 0:26:13.920
<v Speaker 8>Is only a they say, a misdemeanor, But they try

0:26:13.960 --> 0:26:16.080
<v Speaker 8>and bring it up to a felony if there's two crimes.

0:26:16.080 --> 0:26:17.399
<v Speaker 2>They have all these different things.

0:26:17.960 --> 0:26:20.280
<v Speaker 8>The other thing is they missed the Statute of limitations

0:26:20.320 --> 0:26:22.320
<v Speaker 8>by a lot.

0:26:21.600 --> 0:26:22.680
<v Speaker 2>Because this was very old.

0:26:22.720 --> 0:26:24.560
<v Speaker 8>They could have brought this seven years ago instead of

0:26:24.560 --> 0:26:27.359
<v Speaker 8>bringing it right in the middle of the election. So

0:26:27.400 --> 0:26:30.320
<v Speaker 8>they missed the statute of limitations. They did everything. Now,

0:26:30.400 --> 0:26:32.240
<v Speaker 8>let me give you the good news. The good news

0:26:32.320 --> 0:26:38.040
<v Speaker 8>is last night we just got to report this morning.

0:26:39.440 --> 0:26:42.480
<v Speaker 8>In the history of politics, I believe maybe I'm wrong.

0:26:42.800 --> 0:26:44.960
<v Speaker 8>Somebody will find that I'm wrong. Maybe, but I don't

0:26:45.000 --> 0:26:49.919
<v Speaker 8>think so. They raised with small money donors, meaning like

0:26:49.960 --> 0:26:55.439
<v Speaker 8>twenty one dollars, forty two dollars, fifty three dollars, thirty

0:26:55.480 --> 0:27:01.720
<v Speaker 8>eight dollars a record thirty nine million dollars in about

0:27:01.720 --> 0:27:02.760
<v Speaker 8>a ten hour period.

0:27:04.320 --> 0:27:05.000
<v Speaker 2>No think of that.

0:27:09.200 --> 0:27:16.640
<v Speaker 8>I like those people because so far, I guess it's

0:27:16.640 --> 0:27:17.199
<v Speaker 8>backfire now.

0:27:17.200 --> 0:27:19.440
<v Speaker 2>I don't know. I'd rather not have it happen. I

0:27:19.440 --> 0:27:20.520
<v Speaker 2>don't want to have it backfire.

0:27:20.600 --> 0:27:23.639
<v Speaker 8>I don't want to win this thing legitimately, not because

0:27:23.680 --> 0:27:26.160
<v Speaker 8>they were stupid and did things that they shouldn't be doing.

0:27:26.720 --> 0:27:29.720
<v Speaker 8>They shouldn't have brought this case. They were saying it

0:27:29.760 --> 0:27:32.359
<v Speaker 8>this morning, this is a case that should not have

0:27:32.480 --> 0:27:34.000
<v Speaker 8>been brought.

0:27:35.359 --> 0:27:36.280
<v Speaker 2>I watched Danny.

0:27:36.119 --> 0:27:38.159
<v Speaker 8>McCarthy say this is a case that should not have

0:27:38.200 --> 0:27:42.080
<v Speaker 8>been brought, and that was this morning. But they all

0:27:42.119 --> 0:27:45.400
<v Speaker 8>say that. Every legal scholar has said it legal. These

0:27:45.400 --> 0:27:50.000
<v Speaker 8>are great people. They really understand the law. The other thing,

0:27:50.040 --> 0:27:52.040
<v Speaker 8>a pole just came out. The first pole. I don't know,

0:27:52.080 --> 0:27:55.120
<v Speaker 8>maybe others will be bad. But a pole just came

0:27:55.160 --> 0:27:58.920
<v Speaker 8>out a little while ago, the damn Mail. Does anybody

0:27:58.920 --> 0:27:59.760
<v Speaker 8>read the Daily Mail?

0:28:00.160 --> 0:28:02.439
<v Speaker 2>Very good? They have a good poll at least I

0:28:02.560 --> 0:28:03.840
<v Speaker 2>like it today.

0:28:04.480 --> 0:28:06.680
<v Speaker 8>And the Daily Mail just came out with a pole

0:28:07.640 --> 0:28:11.000
<v Speaker 8>and it has Trump up six points in the last

0:28:12.600 --> 0:28:16.240
<v Speaker 8>twelve hours, six points six points since this happened.

0:28:16.600 --> 0:28:23.359
<v Speaker 2>Who thought this could up? Because the people of our

0:28:23.400 --> 0:28:25.639
<v Speaker 2>country know it's a hoax. They know it's a hoax.

0:28:25.720 --> 0:28:26.199
<v Speaker 2>They get it.

0:28:26.240 --> 0:28:31.080
<v Speaker 8>You know, they're really smart and it's really something. So

0:28:31.080 --> 0:28:34.879
<v Speaker 8>we're going to be appealing this scam. We're going to

0:28:34.960 --> 0:28:37.280
<v Speaker 8>be appealing it on many different things. He wouldn't allow

0:28:37.320 --> 0:28:39.400
<v Speaker 8>us to have witnesses, he wouldn't allow us to talk,

0:28:39.440 --> 0:28:42.280
<v Speaker 8>he wouldn't allow us to do anything. The judge was

0:28:42.280 --> 0:28:47.160
<v Speaker 8>a tyrant, and you got to see that with Bob Costello.

0:28:47.400 --> 0:28:48.160
<v Speaker 2>A fine man.

0:28:49.920 --> 0:28:52.600
<v Speaker 8>I've never seen anything like it, and neither has anybody

0:28:52.600 --> 0:28:54.760
<v Speaker 8>that was in that courthouse where he demanded that the

0:28:54.800 --> 0:28:55.880
<v Speaker 8>courthouse be cleared.

0:28:55.920 --> 0:28:57.720
<v Speaker 2>Now, the good news is most.

0:28:57.520 --> 0:29:00.400
<v Speaker 8>Of the people in the courthouse, with the media and

0:29:00.600 --> 0:29:04.280
<v Speaker 8>anybody that was in the media of your fair you'll say, wow,

0:29:04.960 --> 0:29:07.160
<v Speaker 8>that was anger, that was crazed.

0:29:07.240 --> 0:29:08.160
<v Speaker 2>He was crazed.

0:29:09.840 --> 0:29:14.720
<v Speaker 8>And the reason that Bob Costello acted a little bit upset,

0:29:14.920 --> 0:29:17.520
<v Speaker 8>which I think he has a right to, was that

0:29:18.600 --> 0:29:24.120
<v Speaker 8>every question he was being asked was being objected to

0:29:24.240 --> 0:29:28.080
<v Speaker 8>by the other side and sustained by the judge, sustained, sustained.

0:29:28.680 --> 0:29:30.520
<v Speaker 8>I think he did it many times. I don't know

0:29:30.520 --> 0:29:33.280
<v Speaker 8>what the number many times, even I were sitting there

0:29:33.280 --> 0:29:37.520
<v Speaker 8>saying and these were basic questions. And I never saw

0:29:37.520 --> 0:29:39.880
<v Speaker 8>anybody treated that way by a judge, And I've been

0:29:39.880 --> 0:29:42.640
<v Speaker 8>treated very badly by two other judges also, because it's

0:29:42.680 --> 0:29:44.840
<v Speaker 8>all the same thing, and it all comes out of

0:29:44.840 --> 0:29:48.000
<v Speaker 8>the White House. Crooked Joe Biden. The worst president in

0:29:48.040 --> 0:29:51.440
<v Speaker 8>the history of our country. He's the worst president in

0:29:51.480 --> 0:29:55.520
<v Speaker 8>the history of our country, the most incompetent, He's the

0:29:55.600 --> 0:29:59.760
<v Speaker 8>dumbest president we've ever had. He's the dumbest president, most

0:30:00.040 --> 0:30:04.400
<v Speaker 8>competent president, and he's the most dishonest president we've ever had.

0:30:04.680 --> 0:30:07.680
<v Speaker 8>And so many of the he's a Manchurian candidate. You

0:30:07.760 --> 0:30:11.560
<v Speaker 8>take a look at the way he treats China, Russia,

0:30:12.280 --> 0:30:14.680
<v Speaker 8>so many others. You know, I ended the Russian pipeline,

0:30:14.680 --> 0:30:17.520
<v Speaker 8>it was dead. He comes in and he approves it

0:30:18.760 --> 0:30:21.360
<v Speaker 8>and he gets three and a half million, meaning three

0:30:21.400 --> 0:30:23.240
<v Speaker 8>and a half million is paid to the family, his

0:30:23.240 --> 0:30:28.040
<v Speaker 8>family from the mayor of Moscow's wife.

0:30:28.520 --> 0:30:30.280
<v Speaker 2>And I said, where did that come from?

0:30:30.480 --> 0:30:34.240
<v Speaker 8>Nobody wants to talk about it, but he's a very

0:30:34.240 --> 0:30:37.200
<v Speaker 8>big danger to our country and the only.

0:30:37.040 --> 0:30:37.600
<v Speaker 2>Way they think.

0:30:37.680 --> 0:30:42.160
<v Speaker 3>Former President Donald Trumps speaking in New York after being

0:30:42.240 --> 0:30:46.600
<v Speaker 3>found guilty almost twenty four hours ago. We're going back

0:30:46.640 --> 0:30:50.240
<v Speaker 3>to Bloomberg's Amory Horden in New York City and David

0:30:50.240 --> 0:30:52.800
<v Speaker 3>Goura on the ground at Trum Teamri. I start with you.

0:30:52.880 --> 0:30:55.800
<v Speaker 3>A highly political speech, a number of statements made.

0:30:56.360 --> 0:30:59.760
<v Speaker 5>Very political, and Trump is really echoing what we heard

0:30:59.800 --> 0:31:03.080
<v Speaker 5>from him yesterday before he left the car house when

0:31:03.400 --> 0:31:07.360
<v Speaker 5>he was convicted guilty of thirty four of these crimes,

0:31:07.400 --> 0:31:10.960
<v Speaker 5>making him first former president to be a felon that

0:31:11.040 --> 0:31:13.480
<v Speaker 5>is going to also be running for the twenty twenty

0:31:13.520 --> 0:31:17.440
<v Speaker 5>four presidential election. One piece of news that we heard

0:31:17.480 --> 0:31:19.480
<v Speaker 5>it from him that he will be appealing this.

0:31:20.240 --> 0:31:21.360
<v Speaker 3>That was expected.

0:31:21.440 --> 0:31:23.760
<v Speaker 5>His lawyers has said that. But we should note ed

0:31:23.840 --> 0:31:27.520
<v Speaker 5>he made a number of assertions that were false, talking

0:31:27.560 --> 0:31:29.840
<v Speaker 5>about that this was all done by the White House,

0:31:29.920 --> 0:31:33.600
<v Speaker 5>by Biden. He says the government got everything it wanted.

0:31:34.040 --> 0:31:36.440
<v Speaker 5>He says, the issue is not a legal expense. Per

0:31:36.480 --> 0:31:39.840
<v Speaker 5>the jury, they viewed this that this was a falsification

0:31:40.040 --> 0:31:44.680
<v Speaker 5>of that expense to impact the election, the falsification of

0:31:44.760 --> 0:31:48.479
<v Speaker 5>those documents per the twelve jurors. So there's a number

0:31:48.520 --> 0:31:53.040
<v Speaker 5>of assertations the former president made that does not have

0:31:53.120 --> 0:31:57.400
<v Speaker 5>evidence and are false. He will be though using this,

0:31:57.480 --> 0:31:59.640
<v Speaker 5>and you can see he really wanted to pivot to

0:31:59.640 --> 0:32:03.040
<v Speaker 5>how much money his campaign was able to bring in

0:32:03.440 --> 0:32:08.760
<v Speaker 5>about thirty five million dollars following the verdict yesterday, and

0:32:08.960 --> 0:32:11.560
<v Speaker 5>per the campaign note, they say about thirty percent of

0:32:11.600 --> 0:32:15.680
<v Speaker 5>those donors were first time contributors to the platform. So

0:32:15.720 --> 0:32:18.760
<v Speaker 5>you can get a sense of how Donald Trump is

0:32:18.800 --> 0:32:23.479
<v Speaker 5>going to campaign into November talking about that he thinks,

0:32:23.800 --> 0:32:26.680
<v Speaker 5>and the assertions he's going to continue to make is

0:32:26.720 --> 0:32:29.360
<v Speaker 5>that this was political and unjustified.

0:32:30.480 --> 0:32:34.760
<v Speaker 3>Trump was convicted on state, not federal charges, important because

0:32:34.800 --> 0:32:37.520
<v Speaker 3>whatever happens in November, that would mean he could not

0:32:37.680 --> 0:32:41.160
<v Speaker 3>pardon himself. David, the other piece of news I heard

0:32:41.240 --> 0:32:44.680
<v Speaker 3>is that he had wanted to testify during that trial

0:32:44.720 --> 0:32:48.479
<v Speaker 3>and gave reasons why he would not. He would not, David,

0:32:48.520 --> 0:32:54.040
<v Speaker 3>your reaction, Yeah.

0:32:53.880 --> 0:32:54.440
<v Speaker 2>And you'll forgive me.

0:32:54.480 --> 0:32:56.480
<v Speaker 4>It's getting a bit noisy here as we have protesters

0:32:56.480 --> 0:32:59.120
<v Speaker 4>and supporters of Donald Trump kind of near me, yelling

0:32:59.160 --> 0:33:01.680
<v Speaker 4>at one another, of me if I have any trouble

0:33:01.680 --> 0:33:03.520
<v Speaker 4>hearing you has, But yes, I mean, I thought that

0:33:03.560 --> 0:33:05.720
<v Speaker 4>line was particularly interesting to me. He said that he

0:33:05.760 --> 0:33:07.880
<v Speaker 4>would have loved to testify. Of course, Donald Trump did

0:33:07.880 --> 0:33:09.880
<v Speaker 4>have the opportunity to do that, as any criminal defendant

0:33:09.920 --> 0:33:12.560
<v Speaker 4>does in a court room, and he declined to do that,

0:33:13.560 --> 0:33:16.280
<v Speaker 4>you know, to echo what Emry was saying just a

0:33:16.280 --> 0:33:17.920
<v Speaker 4>moment ago. I mean, there were a lot of familiar

0:33:17.920 --> 0:33:20.360
<v Speaker 4>agrievances here. I would call it a director's cut of

0:33:20.400 --> 0:33:22.320
<v Speaker 4>the complaints that we heard from Donald Trump during the

0:33:22.320 --> 0:33:24.360
<v Speaker 4>course of the trial. You know, he would go downstairs

0:33:24.360 --> 0:33:26.080
<v Speaker 4>in the courtroom during the lunch break and he would

0:33:26.120 --> 0:33:29.080
<v Speaker 4>complain about the judge and the proceedings. And his time

0:33:29.160 --> 0:33:31.800
<v Speaker 4>was limited here in Trump Tower and the atrom of

0:33:31.840 --> 0:33:34.080
<v Speaker 4>Trump Tower, he had as much time as he'd like,

0:33:34.160 --> 0:33:35.560
<v Speaker 4>and he was able to go into this in a

0:33:35.600 --> 0:33:39.360
<v Speaker 4>lot more detail. There were some winding, discursive moments during

0:33:39.360 --> 0:33:40.920
<v Speaker 4>which he talked about a friend of his and he

0:33:40.960 --> 0:33:42.480
<v Speaker 4>didn't identify he had a run in.

0:33:42.440 --> 0:33:43.000
<v Speaker 2>With this judge.

0:33:43.040 --> 0:33:46.000
<v Speaker 4>One where Shawn he said that the judge again had

0:33:46.080 --> 0:33:48.040
<v Speaker 4>been debta, so there was the same kind of invective

0:33:48.160 --> 0:33:50.800
<v Speaker 4>and criticism of the judge. I thought something else that

0:33:50.880 --> 0:33:53.360
<v Speaker 4>was fascinating in light of that was Donald Trump saying

0:33:53.360 --> 0:33:56.160
<v Speaker 4>he is still under this gag order. That was something

0:33:56.160 --> 0:33:58.040
<v Speaker 4>I think that was a bit uncertain after the verdict

0:33:58.120 --> 0:34:00.360
<v Speaker 4>was rendered yesterday. He's still under that gag order. And

0:34:00.360 --> 0:34:02.920
<v Speaker 4>really did the same kind of tap dancing and tiptoeing

0:34:02.960 --> 0:34:06.400
<v Speaker 4>around that. He was not shy about criticizing Juan Vershawan again,

0:34:06.680 --> 0:34:09.040
<v Speaker 4>the judge who is going to sentence Donald Trump on

0:34:09.120 --> 0:34:12.120
<v Speaker 4>the eleventh of July, really not building back as he

0:34:12.160 --> 0:34:15.359
<v Speaker 4>criticized him and how he ran the courtroom.

0:34:15.520 --> 0:34:17.239
<v Speaker 2>And I'll say he talked a lot about Michael Cohen.

0:34:17.280 --> 0:34:19.400
<v Speaker 4>I was definally interested in this part of the comments

0:34:19.400 --> 0:34:21.920
<v Speaker 4>from the former president as well, taking issue with the

0:34:21.960 --> 0:34:23.959
<v Speaker 4>fact that it's now become common for people to refer

0:34:24.000 --> 0:34:26.160
<v Speaker 4>to him as Donald Trump's fixer. He said that was

0:34:26.160 --> 0:34:28.480
<v Speaker 4>a creation of the media, it was not his. He

0:34:28.520 --> 0:34:30.720
<v Speaker 4>thought of him as a lawyer. Of course, Michael Cohen

0:34:30.760 --> 0:34:34.320
<v Speaker 4>playing this role like Roy Cone played earlier in history.

0:34:34.480 --> 0:34:35.799
<v Speaker 2>So he did a lot more than just.

0:34:35.800 --> 0:34:39.600
<v Speaker 4>Straight ahead legally legal legal, legal work in a courtroom,

0:34:40.239 --> 0:34:41.960
<v Speaker 4>but he was quite critical of Michael Cohen and what

0:34:42.000 --> 0:34:44.600
<v Speaker 4>he had to say. And as Amory said, I think

0:34:44.600 --> 0:34:47.800
<v Speaker 4>that the emphasis that he placed on fundraising, the gratitude

0:34:47.800 --> 0:34:49.480
<v Speaker 4>that he expressed I people had given money to his

0:34:49.520 --> 0:34:52.320
<v Speaker 4>campaign and affiliated groups in the hour. Since this verdict

0:34:52.320 --> 0:34:55.839
<v Speaker 4>stands out, that's certainly something that's going to be cart

0:34:55.840 --> 0:34:58.720
<v Speaker 4>and parcel of both Donald Trump's campaign and Joe Biden's

0:34:58.719 --> 0:35:01.080
<v Speaker 4>campaign going forward as this rules from sern of the

0:35:01.120 --> 0:35:02.640
<v Speaker 4>legal arenas of the political.

0:35:02.280 --> 0:35:06.360
<v Speaker 3>One end Amrie. This was highly political inset in the

0:35:06.400 --> 0:35:08.720
<v Speaker 3>sense it has been a long speech, but it opened

0:35:08.760 --> 0:35:11.840
<v Speaker 3>with sort of broader political issues at the heart of

0:35:11.880 --> 0:35:14.640
<v Speaker 3>this election. One thing that I want to focus on.

0:35:14.760 --> 0:35:17.560
<v Speaker 3>He said that there's been a sort of an uptic

0:35:17.680 --> 0:35:21.280
<v Speaker 3>or rise in New York City crime. The data doesn't

0:35:21.280 --> 0:35:25.120
<v Speaker 3>support that, but it is again a core political issues

0:35:25.440 --> 0:35:26.600
<v Speaker 3>in this election cycle.

0:35:27.200 --> 0:35:29.359
<v Speaker 5>It is and you know, it was an unfounded claim

0:35:29.400 --> 0:35:31.839
<v Speaker 5>that the data doesn't support, but this is something that

0:35:32.040 --> 0:35:33.600
<v Speaker 5>we do see show up in polls.

0:35:33.960 --> 0:35:35.480
<v Speaker 2>So let's by and far.

0:35:35.520 --> 0:35:38.399
<v Speaker 5>Large, the economy still is number one when it comes

0:35:38.400 --> 0:35:40.560
<v Speaker 5>to this election. You could see that in poll after

0:35:40.640 --> 0:35:44.000
<v Speaker 5>poll Americans continue to cite the economy and notably inflation

0:35:44.440 --> 0:35:46.600
<v Speaker 5>as their number one concern, but you also see an

0:35:46.680 --> 0:35:50.960
<v Speaker 5>uptick of issues like immigration and crime being on top

0:35:50.960 --> 0:35:54.080
<v Speaker 5>of the agenda, and that's that fear that Trump is

0:35:54.080 --> 0:35:56.480
<v Speaker 5>trying to tap into that he does and he's going

0:35:56.520 --> 0:35:59.320
<v Speaker 5>to say that the Biden administration has not done enough

0:36:00.160 --> 0:36:04.240
<v Speaker 5>comes to these issues, the economy, immigration, crime. We should

0:36:04.280 --> 0:36:08.000
<v Speaker 5>also note ed that one thing that Trump said yesterday,

0:36:08.000 --> 0:36:10.239
<v Speaker 5>and I'm sure you'll reiterate as he's speaking now and

0:36:10.239 --> 0:36:13.840
<v Speaker 5>we heard from President Biden, is that really the verdict

0:36:13.880 --> 0:36:16.080
<v Speaker 5>is going to be delivered by the American people on

0:36:16.120 --> 0:36:19.279
<v Speaker 5>November fifth. They're using that to campaign. But that's what

0:36:19.440 --> 0:36:23.520
<v Speaker 5>makes not just July eleventh sentencing of the former president,

0:36:23.600 --> 0:36:26.080
<v Speaker 5>but the debate that's coming just a few weeks before

0:36:26.120 --> 0:36:28.320
<v Speaker 5>that at the end of June that CNN will be holding.

0:36:28.640 --> 0:36:30.759
<v Speaker 5>This is the first time we're going to see these

0:36:30.800 --> 0:36:34.919
<v Speaker 5>two individuals back on stage together, and they can make

0:36:35.000 --> 0:36:37.879
<v Speaker 5>that pitch to the American people, because when you look

0:36:37.920 --> 0:36:41.080
<v Speaker 5>at the polling going into this verdict, it's a mixed

0:36:41.120 --> 0:36:44.520
<v Speaker 5>bag on whether or not this conviction is going to

0:36:44.640 --> 0:36:48.040
<v Speaker 5>land as a concern for those people in the middle

0:36:48.320 --> 0:36:51.279
<v Speaker 5>that both Trump and Biden are trying to get to

0:36:51.320 --> 0:36:53.239
<v Speaker 5>their side to go out and vote for them. If

0:36:53.280 --> 0:36:56.879
<v Speaker 5>this conviction is going to land in terms of whether

0:36:57.000 --> 0:36:59.560
<v Speaker 5>or not, that would mean they would not vote for

0:36:59.560 --> 0:37:00.480
<v Speaker 5>former Press.

0:37:00.160 --> 0:37:03.240
<v Speaker 3>And down Troup will continue the fight Bloomberg, Zamri Horden,

0:37:03.360 --> 0:37:06.680
<v Speaker 3>and David Gura. Former President Trump continues to speak. We'll

0:37:06.719 --> 0:37:10.000
<v Speaker 3>continue to monitor and go back as needed. I want

0:37:10.040 --> 0:37:11.640
<v Speaker 3>to quickly check in on the markets. There's a lot

0:37:11.640 --> 0:37:15.560
<v Speaker 3>happening in the world. Technology earnings continue. We had important

0:37:15.600 --> 0:37:19.359
<v Speaker 3>inflation data that supports the idea that the Fed will

0:37:19.360 --> 0:37:21.799
<v Speaker 3>have room to cut rates in this calendar year. At

0:37:21.840 --> 0:37:24.560
<v Speaker 3>some point twenty twenty four, the S and P five hundred,

0:37:24.800 --> 0:37:27.920
<v Speaker 3>the benchmark index in the United States down half a

0:37:27.960 --> 0:37:30.680
<v Speaker 3>percentage point at the short end of the curve, US

0:37:30.719 --> 0:37:34.640
<v Speaker 3>two year yield dropping three or four basis points four

0:37:34.640 --> 0:37:38.440
<v Speaker 3>point eight eight percent. We continue to track Trump Media

0:37:38.440 --> 0:37:43.680
<v Speaker 3>and Technology Group, the publicly traded parent company of the

0:37:43.800 --> 0:37:47.200
<v Speaker 3>social media network associated with Donald Trump, as somewhat of

0:37:47.239 --> 0:37:50.439
<v Speaker 3>a proxy for what is happening in real time during

0:37:50.440 --> 0:37:53.200
<v Speaker 3>this program. That stock down four point six percent and

0:37:53.280 --> 0:37:56.440
<v Speaker 3>near session lows. As I said, will continue to track

0:37:56.520 --> 0:37:58.880
<v Speaker 3>what is happening in New York City, as former President

0:37:58.960 --> 0:38:02.759
<v Speaker 3>Donald Trump speaks, Let's bring things back to San Francisco.

0:38:02.800 --> 0:38:07.360
<v Speaker 3>The European Commission's Vice President for Values and Transparency via EUROVA,

0:38:07.760 --> 0:38:12.840
<v Speaker 3>is in California and met with the CEOs of x Meta, YouTube, Google, Netflix,

0:38:13.160 --> 0:38:16.160
<v Speaker 3>and TikTok to discuss the impact of AI on tech,

0:38:16.360 --> 0:38:19.280
<v Speaker 3>but also how the media and how the safeguard elections

0:38:19.320 --> 0:38:23.680
<v Speaker 3>against foreign interference. You are the Commissioner for Values and Transparency.

0:38:23.719 --> 0:38:26.840
<v Speaker 3>We're grateful to have you here. Commissioner, you're over, but

0:38:26.880 --> 0:38:29.399
<v Speaker 3>I have to ask for your reaction to what you've

0:38:29.440 --> 0:38:34.120
<v Speaker 3>just heard from former President Donald Trump, his track record

0:38:34.200 --> 0:38:38.279
<v Speaker 3>in politics, but also association with misinformation, which is what

0:38:38.320 --> 0:38:39.360
<v Speaker 3>we are here to talk about.

0:38:40.040 --> 0:38:44.839
<v Speaker 1>Well, it was fascinating to listen to former president and

0:38:44.880 --> 0:38:47.319
<v Speaker 1>I can agree with him in one thing, that we

0:38:47.400 --> 0:38:49.560
<v Speaker 1>have a sunny and beautiful day or so were here

0:38:49.640 --> 0:38:54.240
<v Speaker 1>in San Francisco. The other things I cannot comment because

0:38:54.280 --> 0:38:57.520
<v Speaker 1>this is justice which is doing the job and we

0:38:57.880 --> 0:39:03.320
<v Speaker 1>have never comment on individual cases. On your question, well,

0:39:04.760 --> 0:39:07.719
<v Speaker 1>I think that when mister Trump was the president, we

0:39:07.800 --> 0:39:16.880
<v Speaker 1>saw very, very big tendency for enabling disinformation to influence

0:39:16.920 --> 0:39:17.320
<v Speaker 1>the public.

0:39:17.360 --> 0:39:17.800
<v Speaker 3>Opinion.

0:39:18.239 --> 0:39:20.320
<v Speaker 1>I don't want to say that he himself was was

0:39:20.400 --> 0:39:22.880
<v Speaker 1>doing it. I don't want to death dare to say that.

0:39:23.000 --> 0:39:29.359
<v Speaker 1>But coming back to the years of his presidency, we

0:39:29.440 --> 0:39:34.360
<v Speaker 1>saw that the social media were used for manipulation of

0:39:34.400 --> 0:39:36.440
<v Speaker 1>the public opinion more than before.

0:39:36.800 --> 0:39:39.440
<v Speaker 3>We have elections in this country. This year, you have

0:39:39.480 --> 0:39:45.359
<v Speaker 3>elections much sooner across the European Union. What was the

0:39:45.400 --> 0:39:48.359
<v Speaker 3>conclusion you've reached meeting with the heads of those very

0:39:48.400 --> 0:39:52.439
<v Speaker 3>important technology and social media companies in the last forty

0:39:52.480 --> 0:39:53.080
<v Speaker 3>eight hours.

0:39:53.400 --> 0:39:55.799
<v Speaker 1>It was very interesting to meet all of them. Still

0:39:55.800 --> 0:40:00.239
<v Speaker 1>today I will meet mister Zuckerberg. Well, I share with

0:40:00.320 --> 0:40:06.280
<v Speaker 1>them my feedback and information which in the Member States,

0:40:06.280 --> 0:40:09.320
<v Speaker 1>because I traveled to more than half of the Member states,

0:40:10.080 --> 0:40:14.680
<v Speaker 1>alerting the representatives of the states and many others about

0:40:14.719 --> 0:40:18.640
<v Speaker 1>the need to protect the electoral campaign against manipulation and

0:40:18.719 --> 0:40:23.000
<v Speaker 1>abuse of technologies. So this was my message here that

0:40:24.400 --> 0:40:29.120
<v Speaker 1>first of all, I wanted to alert them to maybe

0:40:29.120 --> 0:40:33.800
<v Speaker 1>increase the preparedness for the elections. But it's still several

0:40:33.880 --> 0:40:39.160
<v Speaker 1>days only before the elections. Maybe to explain why these

0:40:39.200 --> 0:40:43.400
<v Speaker 1>elections are important. The people of European Union are deciding

0:40:43.600 --> 0:40:47.880
<v Speaker 1>on who will be among those seven and twenty members

0:40:47.920 --> 0:40:52.680
<v Speaker 1>of the Parliament who will have one of the first

0:40:52.800 --> 0:40:58.360
<v Speaker 1>tasks to appoint or nominate or endorse the President of

0:40:58.400 --> 0:41:04.040
<v Speaker 1>the Commission European Commission. It's the person which has the

0:41:04.040 --> 0:41:07.000
<v Speaker 1>phone number, which Henry Kissindra always wanted to have in

0:41:07.520 --> 0:41:12.080
<v Speaker 1>the EU. So it's incredibly important and we don't want

0:41:13.280 --> 0:41:19.240
<v Speaker 1>m Putin or some other hostile powers to meddle into

0:41:19.320 --> 0:41:23.240
<v Speaker 1>these elections. And of course how to do this meddling

0:41:24.080 --> 0:41:25.920
<v Speaker 1>better than where so.

0:41:25.920 --> 0:41:28.680
<v Speaker 3>For example, you're going to meet with mister Zuckerberg later today.

0:41:28.719 --> 0:41:31.360
<v Speaker 3>There are four hundred and fifty million people most across

0:41:31.400 --> 0:41:33.800
<v Speaker 3>the EU, and so many of them will use a

0:41:33.880 --> 0:41:42.760
<v Speaker 3>meta product Facebook, Instagram, WhatsApp. They have been issuing threat reports.

0:41:42.800 --> 0:41:46.239
<v Speaker 3>We've covered them on this program, and they argue that

0:41:46.320 --> 0:41:51.480
<v Speaker 3>the industry's current defenses, particularly in the context of malicious

0:41:51.560 --> 0:41:56.440
<v Speaker 3>or content or misinformation generated by generative AI, they believe

0:41:56.480 --> 0:41:59.560
<v Speaker 3>they have the sufficient tools and defenses. Are you convinced

0:41:59.560 --> 0:42:00.680
<v Speaker 3>of that? Well?

0:42:01.200 --> 0:42:03.839
<v Speaker 1>They know well that in the EU we have a

0:42:04.000 --> 0:42:07.440
<v Speaker 1>legally binding set of rules, which is Digital Services Act,

0:42:07.760 --> 0:42:13.520
<v Speaker 1>which wants them to do. I am simplifying incredibly two things.

0:42:14.000 --> 0:42:16.240
<v Speaker 1>First of all, to guarantee that there is no crime

0:42:17.040 --> 0:42:20.840
<v Speaker 1>spread and amplified by their networks. Here I speak about

0:42:20.840 --> 0:42:25.280
<v Speaker 1>hate speech, including anti Semitism, different kind of hate speeches

0:42:25.280 --> 0:42:32.040
<v Speaker 1>against minorities, terrorist content, extremist content, and child pornography. The

0:42:32.120 --> 0:42:36.279
<v Speaker 1>second thing is this information, and here we see that

0:42:37.400 --> 0:42:43.600
<v Speaker 1>especially this information in combination with artificial intelligence, or produced

0:42:43.640 --> 0:42:48.799
<v Speaker 1>and amplified by artificial artificial intelligence, is exactly something which

0:42:48.840 --> 0:42:54.239
<v Speaker 1>can endanger our electoral process. We want the elections to

0:42:54.320 --> 0:42:58.280
<v Speaker 1>be the competition of real people, real visions, and chance

0:42:58.400 --> 0:43:04.080
<v Speaker 1>for the voters to cast authentic not manipulated vote. That's

0:43:04.120 --> 0:43:08.680
<v Speaker 1>why the platforms who I spoke to yesterday, the CEOs,

0:43:09.680 --> 0:43:13.480
<v Speaker 1>they explained to me what they have done regarding fect checking,

0:43:13.719 --> 0:43:19.680
<v Speaker 1>regarding removals off the illegal content, regarding labeling of AIE production.

0:43:20.560 --> 0:43:24.719
<v Speaker 1>And my message for them was yesterday and also back

0:43:24.760 --> 0:43:28.000
<v Speaker 1>to Europe for many other actions, is we have to

0:43:28.080 --> 0:43:31.640
<v Speaker 1>do all more to protect the elector process.

0:43:31.960 --> 0:43:35.799
<v Speaker 3>Commissioner, you're over. One name we haven't discussed yet is Telegram.

0:43:36.360 --> 0:43:39.040
<v Speaker 3>It's an interesting platform in the sense that you had

0:43:39.080 --> 0:43:43.600
<v Speaker 3>mentioned Vladimir Putin and Russia. There is a growing concern

0:43:43.640 --> 0:43:49.279
<v Speaker 3>about the spread of disinformation with Russian origins on that platform.

0:43:49.600 --> 0:43:53.400
<v Speaker 3>Have you any specific findings or actions on how that

0:43:54.680 --> 0:43:58.399
<v Speaker 3>has played a role in European affairs and the upcoming elections.

0:43:58.600 --> 0:44:03.439
<v Speaker 1>You have very good information. Telegram is an issue, and lady,

0:44:03.480 --> 0:44:09.080
<v Speaker 1>we're putting and other hostile actors are using all the platforms.

0:44:09.120 --> 0:44:15.040
<v Speaker 1>But Telegram is a special case because this platform is

0:44:15.120 --> 0:44:18.880
<v Speaker 1>not under the investigation of the European Commission, because they

0:44:18.960 --> 0:44:22.800
<v Speaker 1>announced to us that they have only forty two million users,

0:44:23.160 --> 0:44:26.600
<v Speaker 1>and the benchmark for the European Commission to act is

0:44:26.719 --> 0:44:31.399
<v Speaker 1>forty five million users. So that's why we are now

0:44:31.800 --> 0:44:35.960
<v Speaker 1>checking whether the figure is right and in case of

0:44:37.200 --> 0:44:41.799
<v Speaker 1>the in case we discovered that this is more than

0:44:42.640 --> 0:44:48.040
<v Speaker 1>forty two million, we will have to look deeply into

0:44:48.200 --> 0:44:52.080
<v Speaker 1>how Telegram works, because it's true that even the smaller

0:44:52.120 --> 0:44:57.240
<v Speaker 1>platforms can do very dangerous jobs in several Member states,

0:44:57.360 --> 0:45:01.280
<v Speaker 1>and Telegram is especially active in Eastern Member of Stags

0:45:01.320 --> 0:45:04.360
<v Speaker 1>where we have Russian speaking minority.

0:45:05.160 --> 0:45:08.040
<v Speaker 3>EU Commissioner Vera, you're over. Thank you for being generous

0:45:08.040 --> 0:45:10.040
<v Speaker 3>of your time. Thank you for bearing with us as

0:45:10.080 --> 0:45:13.200
<v Speaker 3>we carried the comments from former President Trump and your

0:45:13.239 --> 0:45:15.640
<v Speaker 3>reaction to them. Stay with us. We'll be right back.

0:45:15.760 --> 0:45:30.799
<v Speaker 3>This is Bloomberg an unexpected sign off from US regulators

0:45:30.880 --> 0:45:33.799
<v Speaker 3>last week paved the way for another landmark in the

0:45:33.800 --> 0:45:38.560
<v Speaker 3>cryptocurrency industry, ETS investing directly in ether. We have been

0:45:38.600 --> 0:45:41.440
<v Speaker 3>discussing it endlessly and we will discuss it some more.

0:45:41.520 --> 0:45:43.799
<v Speaker 3>Joining us now. No our age is and author of

0:45:43.880 --> 0:45:48.560
<v Speaker 3>crypto is macro now and joins us. I've asked this

0:45:48.640 --> 0:45:51.040
<v Speaker 3>question to all of our guests at the last ten

0:45:51.120 --> 0:45:53.480
<v Speaker 3>days or so. Will you taken by surprise?

0:45:55.000 --> 0:45:55.360
<v Speaker 10>Totally?

0:45:55.480 --> 0:45:58.040
<v Speaker 9>And I called this one wrong. I have to confess

0:45:58.120 --> 0:46:00.759
<v Speaker 9>I did not expect this faster, PI it so soon.

0:46:01.040 --> 0:46:04.719
<v Speaker 9>We knew we'd get the spot ETFs sooner or later.

0:46:04.840 --> 0:46:06.760
<v Speaker 10>We just thought it'd be later rather than sooner.

0:46:08.280 --> 0:46:10.920
<v Speaker 3>Noell, you'd assume that there is demand for such a

0:46:11.000 --> 0:46:15.120
<v Speaker 3>product and that that demand must be based on something.

0:46:15.640 --> 0:46:19.680
<v Speaker 3>So give me that big picture the importance of a

0:46:19.800 --> 0:46:21.360
<v Speaker 3>spot eth ETS.

0:46:22.920 --> 0:46:24.840
<v Speaker 10>I'm going to push back on that slightly ed and

0:46:24.920 --> 0:46:27.520
<v Speaker 10>my personal viewers that we're not going to get a

0:46:27.520 --> 0:46:30.280
<v Speaker 10>lot of around for this product. It's not a good product.

0:46:30.360 --> 0:46:32.920
<v Speaker 9>Bottom line, it's great news for the industry and that

0:46:32.960 --> 0:46:36.160
<v Speaker 9>it increases awareness and it brings institutional funds that cannot

0:46:36.440 --> 0:46:39.719
<v Speaker 9>invest in anything that is not listed on a regulated exchange.

0:46:39.760 --> 0:46:41.960
<v Speaker 9>But as for is this a good product, It's not

0:46:42.040 --> 0:46:44.640
<v Speaker 9>going to be distributing staking rewards, which means that anyone

0:46:44.680 --> 0:46:46.240
<v Speaker 9>investing in this product.

0:46:46.040 --> 0:46:48.400
<v Speaker 10>Is foregoing a four percent yield.

0:46:48.600 --> 0:46:52.319
<v Speaker 9>For many that's a convenience fee, but for professional investors,

0:46:52.400 --> 0:46:55.359
<v Speaker 9>that's a hefty cost to have to justify to your clients.

0:46:56.320 --> 0:47:00.200
<v Speaker 3>Throughout the course of the last week or so, many

0:47:00.239 --> 0:47:04.080
<v Speaker 3>of our guests have labeled ether is different things. I

0:47:04.080 --> 0:47:06.720
<v Speaker 3>don't want to put words into your mouth, but if

0:47:07.160 --> 0:47:10.960
<v Speaker 3>bitcoin is digital gold, what is eth to you?

0:47:12.680 --> 0:47:13.279
<v Speaker 10>Many things to.

0:47:13.239 --> 0:47:15.600
<v Speaker 9>Many people, as all crosier assets are, but to sign

0:47:15.719 --> 0:47:20.400
<v Speaker 9>up is digital oil. And another reason why spot etf

0:47:20.480 --> 0:47:21.680
<v Speaker 9>is not a great product.

0:47:21.840 --> 0:47:23.640
<v Speaker 10>Bitcoin is a store value.

0:47:23.680 --> 0:47:25.759
<v Speaker 9>It's many other things as well, but for many it's

0:47:25.760 --> 0:47:28.080
<v Speaker 9>a store value, so it's sort of made to be

0:47:28.160 --> 0:47:31.319
<v Speaker 9>parked and forgotten about. It's an ideal asset for an

0:47:31.440 --> 0:47:35.279
<v Speaker 9>EDF whereas created to be used, is created to be

0:47:35.360 --> 0:47:37.520
<v Speaker 9>used in staking contracts, it's created to be used in

0:47:37.600 --> 0:47:38.760
<v Speaker 9>DeFi applications.

0:47:38.960 --> 0:47:42.000
<v Speaker 10>It's not created to be parked and forgotten about.

0:47:42.040 --> 0:47:44.880
<v Speaker 9>And this is another of the disadvantages of this particular product.

0:47:44.960 --> 0:47:48.600
<v Speaker 9>But you did highlight the main big advantage there and

0:47:48.600 --> 0:47:50.759
<v Speaker 9>that is in the narrative, that is in getting more

0:47:50.800 --> 0:47:55.120
<v Speaker 9>people interested in the crypto ecosystem and aware that there

0:47:55.160 --> 0:47:56.000
<v Speaker 9>are many.

0:47:55.760 --> 0:47:59.920
<v Speaker 10>Different narratives in play. It's not just one bucket to

0:48:00.160 --> 0:48:01.759
<v Speaker 10>put all of the understanding in.

0:48:03.480 --> 0:48:08.880
<v Speaker 3>Noell, I appreciate your honesty or admission about being caught

0:48:09.000 --> 0:48:11.600
<v Speaker 3>by surprise. We're getting the call on it wrong. But

0:48:11.960 --> 0:48:14.839
<v Speaker 3>let's say it's happening, right, it's happening. Are there any

0:48:14.880 --> 0:48:18.680
<v Speaker 3>parallels we can draw with the process of and the

0:48:18.760 --> 0:48:23.080
<v Speaker 3>play out of a spot Bitcoin ETF and the procedure

0:48:23.400 --> 0:48:25.480
<v Speaker 3>and cadence of what might happen from here.

0:48:26.800 --> 0:48:29.399
<v Speaker 9>That's an excellent question, and truthfully it's one that we're

0:48:29.440 --> 0:48:30.200
<v Speaker 9>all asking.

0:48:30.320 --> 0:48:32.880
<v Speaker 10>No one knows the timing on this. With Bitcoin, it

0:48:32.960 --> 0:48:36.279
<v Speaker 10>was boom boom and launch because it was expected, it

0:48:36.320 --> 0:48:38.520
<v Speaker 10>was flagged. We were all ready for it. Whereas Eve

0:48:38.600 --> 0:48:39.560
<v Speaker 10>caught everyone of guard.

0:48:39.600 --> 0:48:41.680
<v Speaker 9>And I do think actually it also called the sec

0:48:41.840 --> 0:48:44.560
<v Speaker 9>of guard, and they're still scrambling to approve the s ones.

0:48:44.600 --> 0:48:45.840
<v Speaker 10>We don't know when that's going to be.

0:48:46.040 --> 0:48:48.040
<v Speaker 9>Many are saying your analysts are saying, and they do

0:48:48.120 --> 0:48:51.439
<v Speaker 9>have an inside information insight insight into that, they're saying

0:48:51.480 --> 0:48:53.920
<v Speaker 9>that it could be during the summer. Hopefully, hopefully it

0:48:53.960 --> 0:48:56.080
<v Speaker 9>could be pushed back though if the SEC wants to

0:48:56.080 --> 0:48:58.160
<v Speaker 9>stone all this, But then again, if I'm with them,

0:48:58.200 --> 0:48:59.560
<v Speaker 9>I just want to get this out there.

0:48:59.640 --> 0:49:00.120
<v Speaker 10>Let's move.

0:49:01.840 --> 0:49:05.719
<v Speaker 3>Noel Agerson, author of Crypto is Macro now a great

0:49:05.719 --> 0:49:16.800
<v Speaker 3>to have you back on the program. Okay, Bloomberg Technology Audience.

0:49:16.840 --> 0:49:18.880
<v Speaker 3>AT's end the week with the check in on the markets,

0:49:18.920 --> 0:49:21.720
<v Speaker 3>there was a lot happening throughout the week. Earnings continues

0:49:21.760 --> 0:49:24.640
<v Speaker 3>to be a factor. Economic data that the kind of

0:49:24.640 --> 0:49:28.080
<v Speaker 3>summary is that inflation is easing off, and that has

0:49:28.160 --> 0:49:31.399
<v Speaker 3>kind of reignited the belief that there is some room

0:49:31.920 --> 0:49:33.719
<v Speaker 3>at some point by the end of the year for

0:49:33.760 --> 0:49:36.239
<v Speaker 3>the Fed to cut rates in what increment we do

0:49:36.320 --> 0:49:39.799
<v Speaker 3>not know. The S and P five hundred down six

0:49:39.840 --> 0:49:42.480
<v Speaker 3>ten to one percent. We are seeing a sort of

0:49:42.560 --> 0:49:44.560
<v Speaker 3>rally in the bomb market and bonds are set for

0:49:44.600 --> 0:49:49.160
<v Speaker 3>their best month in the year as inflation's fading right,

0:49:49.680 --> 0:49:53.360
<v Speaker 3>But what happened with former President Donald Trump is still factor.

0:49:53.440 --> 0:49:57.560
<v Speaker 3>Trump Media and Technology Group is the parent or holding

0:49:57.640 --> 0:50:02.080
<v Speaker 3>company of The Truth social social media app. It is

0:50:02.160 --> 0:50:05.120
<v Speaker 3>down more than six percent near session lows. It had

0:50:05.200 --> 0:50:09.680
<v Speaker 3>fallen much more significantly on Thursday, night after the guilty

0:50:09.800 --> 0:50:14.239
<v Speaker 3>verdict for former President Donald Trump, and we carried his

0:50:14.440 --> 0:50:17.960
<v Speaker 3>speech earlier in this program. That does it at this

0:50:18.120 --> 0:50:22.640
<v Speaker 3>point and this edition of Bloomberg Technology, as I said,

0:50:22.680 --> 0:50:26.120
<v Speaker 3>recap what was discussed the reaction to an analysis of

0:50:26.480 --> 0:50:29.919
<v Speaker 3>former President Trump's comments on the podcast. You know where

0:50:29.920 --> 0:50:34.440
<v Speaker 3>to find it, Apple, Spotify, iHeart and Bloomberg from San Francisco.

0:50:34.880 --> 0:50:36.960
<v Speaker 3>It's been a week and there's so much more to

0:50:37.000 --> 0:50:39.640
<v Speaker 3>come in the world of technology. This is Bloomberg Technology.