1 00:00:02,080 --> 00:00:04,760 Speaker 1: Why from our nation's camera. This budget thing is going 2 00:00:04,800 --> 00:00:07,240 Speaker 1: to do nothing space forts. I still think it's interesting 3 00:00:07,280 --> 00:00:10,600 Speaker 1: President Trump not playing his cards yet. Headlines Policy and 4 00:00:10,760 --> 00:00:16,680 Speaker 1: politics colliding Floomberg Sound On, the Insiders, the influencers, the insides. 5 00:00:16,800 --> 00:00:19,079 Speaker 1: I would rather see a congressional solution. It's part of 6 00:00:19,079 --> 00:00:22,240 Speaker 1: my DNA. The Senate map in looks a lot different 7 00:00:22,239 --> 00:00:25,040 Speaker 1: than it looked in. You really have a divide within 8 00:00:25,239 --> 00:00:27,840 Speaker 1: Team Trump. The President has to do exactly what people 9 00:00:27,840 --> 00:00:29,600 Speaker 1: send him here to do, which is to get it done. 10 00:00:29,960 --> 00:00:34,520 Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg 11 00:00:35,400 --> 00:00:38,200 Speaker 1: one and one oh five point seven fm h D two. 12 00:00:38,680 --> 00:00:42,080 Speaker 1: President Trump says he'll be tough on China if if 13 00:00:42,120 --> 00:00:47,240 Speaker 1: he's able to get reelected. Speaking of Joe Biden, Joe 14 00:00:47,280 --> 00:00:51,519 Speaker 1: Biden's campaign is saying Iowa is no longer a must 15 00:00:51,840 --> 00:00:55,480 Speaker 1: win and that they are fully prepared to head into 16 00:00:55,520 --> 00:00:59,800 Speaker 1: a long term battle for the Democratic nomination. It's a marathon, 17 00:01:00,200 --> 00:01:03,760 Speaker 1: not a sprint. I always say that. Meanwhile, the latest 18 00:01:03,760 --> 00:01:06,560 Speaker 1: fallout from Hurricane Dorian. There's an island in the Bahamas. 19 00:01:06,600 --> 00:01:10,559 Speaker 1: Get this, an island of fifty thou people is seventy underwater. 20 00:01:11,040 --> 00:01:14,520 Speaker 1: As Hurricane Dorian continues to storm up UH into the 21 00:01:14,560 --> 00:01:17,160 Speaker 1: Atlantic Ocean. Will give you the latest on that, plus 22 00:01:17,560 --> 00:01:21,160 Speaker 1: the back and forth politics of Hurricane Dorian. As Democrats 23 00:01:21,160 --> 00:01:26,360 Speaker 1: are criticizing Republicans for moving FEMA money to address immigration. 24 00:01:26,520 --> 00:01:29,360 Speaker 1: We have an all star panel to cover all fronts 25 00:01:29,400 --> 00:01:32,320 Speaker 1: of what of the fallout of a three day holiday 26 00:01:32,319 --> 00:01:34,560 Speaker 1: weekend as we head into the final days of August 27 00:01:34,560 --> 00:01:38,319 Speaker 1: recess UH. Sarah Kim is here. She, of course, is 28 00:01:38,319 --> 00:01:42,040 Speaker 1: a Republican strategist, former senior advisor in the Trump administration. 29 00:01:42,120 --> 00:01:45,560 Speaker 1: Richard Fowler is back. He's a nationally syndicated radio show host, 30 00:01:45,760 --> 00:01:49,360 Speaker 1: a Democrat, and a Fox News contributor, and will check 31 00:01:49,360 --> 00:01:53,200 Speaker 1: in with Sarah McGregor, Bloomberg News Senior Trade editor, and 32 00:01:53,280 --> 00:01:55,600 Speaker 1: she's going to break down the latest trade front and 33 00:01:55,640 --> 00:01:59,160 Speaker 1: what is shaping up to be a dizzying, dizzying month 34 00:01:59,520 --> 00:02:01,960 Speaker 1: for issue and tree Wake me up when September and 35 00:02:02,200 --> 00:02:04,960 Speaker 1: Nancy Lions get us caught up to speed on what 36 00:02:05,040 --> 00:02:07,000 Speaker 1: we are what's going on out there in the world, 37 00:02:07,480 --> 00:02:11,320 Speaker 1: Philip Kevin, as you mentioned, Hurricane Dorian is has been 38 00:02:11,360 --> 00:02:14,480 Speaker 1: causing problems moving away now from Grand Bahama Island and 39 00:02:14,520 --> 00:02:18,280 Speaker 1: coming closer to the US mainland. Dorian remains a Category 40 00:02:18,360 --> 00:02:22,680 Speaker 1: too storm, moving nearly parallel to Florida's east coast, but 41 00:02:22,800 --> 00:02:26,079 Speaker 1: offshore top winds now about a hundred ten miles an hour. 42 00:02:26,280 --> 00:02:29,639 Speaker 1: This is the National Hurricane Center's Ken Graham. The storm 43 00:02:29,639 --> 00:02:32,960 Speaker 1: search values were always watching that very dangerous along the 44 00:02:32,960 --> 00:02:35,480 Speaker 1: Florida coast. All the way up the coastline could get 45 00:02:35,560 --> 00:02:38,919 Speaker 1: values four to seven feet of storm sears. Virginia's Governor, 46 00:02:39,000 --> 00:02:43,000 Speaker 1: Ralph Northam has already declared a statewide emergency and anticipation 47 00:02:43,040 --> 00:02:46,359 Speaker 1: of Dorian's impact on parts of the commonwealth. A law 48 00:02:46,440 --> 00:02:49,240 Speaker 1: enforcement official says a gunman who killed seven people in 49 00:02:49,280 --> 00:02:53,120 Speaker 1: West Texas had obtained his A r style rifle through 50 00:02:53,280 --> 00:02:56,920 Speaker 1: a private sale, evading a federal background check, and the 51 00:02:56,960 --> 00:02:59,720 Speaker 1: AP is reporting the guvernment had previously tried to buy 52 00:02:59,720 --> 00:03:03,440 Speaker 1: a but failed that background check. Seven people were killed 53 00:03:03,480 --> 00:03:07,680 Speaker 1: around two dozen others were injured during Saturday's rampage. The 54 00:03:07,760 --> 00:03:10,880 Speaker 1: FBI is refusing to respond to Senators Chuck Grassley and 55 00:03:10,919 --> 00:03:13,600 Speaker 1: Mark Warner, who both want answers concerning the death of 56 00:03:13,639 --> 00:03:17,000 Speaker 1: Bijan Gayzar, who was fatally shot by two US park 57 00:03:17,040 --> 00:03:21,320 Speaker 1: Police officers nearly two years ago. After receiving a request 58 00:03:21,360 --> 00:03:24,600 Speaker 1: for a briefing, the Washington Post reports the FBI responded 59 00:03:25,040 --> 00:03:29,120 Speaker 1: by saying it cannot discuss ongoing investigations. Neither agency has 60 00:03:29,160 --> 00:03:32,160 Speaker 1: released any information about this shooting since an initial news 61 00:03:32,160 --> 00:03:35,360 Speaker 1: released by the Park Police the day after the incident. Well, 62 00:03:35,360 --> 00:03:38,400 Speaker 1: the union from Metro Access drivers in Montgomery County is 63 00:03:38,440 --> 00:03:41,440 Speaker 1: convinced more than a dozen state lawmakers to take its 64 00:03:41,480 --> 00:03:44,840 Speaker 1: side in a dispute with a contractor. Bloomberg's Martin Deco 65 00:03:45,000 --> 00:03:49,080 Speaker 1: reports the Amalgamated Transit Union convinced state Delegate Vaughan Stewart 66 00:03:49,120 --> 00:03:52,480 Speaker 1: and fifteen other Democratic lawmakers in Montgomery County to send 67 00:03:52,480 --> 00:03:55,280 Speaker 1: a letter to Metro. They want the transit agency to 68 00:03:55,320 --> 00:03:59,680 Speaker 1: review its contract with Challenger Transportation. They claim that Gaithersburg 69 00:03:59,720 --> 00:04:03,160 Speaker 1: based company treats its workers poorly and provide shoddy service 70 00:04:03,160 --> 00:04:06,600 Speaker 1: to people with disabilities. They certainly could try to go 71 00:04:06,680 --> 00:04:09,840 Speaker 1: back to the negotiation table with challenges based on it 72 00:04:09,960 --> 00:04:13,800 Speaker 1: both its poor performance and now with this ongoing labor dispute. 73 00:04:13,840 --> 00:04:16,480 Speaker 1: Contract talks have dragged on for a year without a deal, 74 00:04:16,560 --> 00:04:19,200 Speaker 1: and the workers have authorized to strike, but if yet 75 00:04:19,200 --> 00:04:21,719 Speaker 1: to set a date for one. Martin de Caro Bloomberg 76 00:04:22,400 --> 00:04:24,520 Speaker 1: and one oh five point seven h D two Metro 77 00:04:24,600 --> 00:04:27,200 Speaker 1: has not responded to our request for comment, and Delegate 78 00:04:27,240 --> 00:04:29,720 Speaker 1: Stewart says he too has not received any response from 79 00:04:29,720 --> 00:04:33,240 Speaker 1: the transit agency. Well, it is time now for the 80 00:04:33,279 --> 00:04:37,039 Speaker 1: belt Wait Business Report. Here is Bloomberg's Larrykowsky Nancy traded 81 00:04:37,120 --> 00:04:41,279 Speaker 1: economic concerns drag stocks lower, The Jones industrial average slump 82 00:04:41,279 --> 00:04:43,840 Speaker 1: two hundred eighty five, the S and P five hundred 83 00:04:43,839 --> 00:04:47,520 Speaker 1: lost twenty then as that composite slid eight for the 84 00:04:47,520 --> 00:04:50,880 Speaker 1: first time in three years. US manufacturing slowed in August. 85 00:04:51,000 --> 00:04:55,000 Speaker 1: The Institute for Supply Management says lower orders, production, and 86 00:04:55,120 --> 00:04:59,040 Speaker 1: hiring pushed its factory index below fifty, the dividing line 87 00:04:59,080 --> 00:05:03,599 Speaker 1: between growth and decline. The government said construction spending edged 88 00:05:03,600 --> 00:05:06,560 Speaker 1: a tenth of a percent higher in June, boosted by 89 00:05:06,600 --> 00:05:09,599 Speaker 1: public projects such as schools, sewers, and the water supply. 90 00:05:10,080 --> 00:05:13,479 Speaker 1: Spending is down two percent from a year ago. Tyson 91 00:05:13,480 --> 00:05:15,800 Speaker 1: Foods is down more than six percent after the bell. 92 00:05:15,960 --> 00:05:18,880 Speaker 1: The top US meat company cut its earnings and sales 93 00:05:18,880 --> 00:05:22,120 Speaker 1: outlooks for the full year. It blames a string of challenges, 94 00:05:22,160 --> 00:05:25,120 Speaker 1: including a fire at one of its beef processing plants 95 00:05:25,600 --> 00:05:28,440 Speaker 1: for the first time in modern history. Global electric car 96 00:05:28,480 --> 00:05:31,920 Speaker 1: sales fell in July at San Francie. Bernstein Report said 97 00:05:31,960 --> 00:05:35,640 Speaker 1: sales fell by about fourteen percent as declines in China 98 00:05:35,720 --> 00:05:39,800 Speaker 1: and North America offset kings in Europe. The Bloomberg one 99 00:05:39,880 --> 00:05:43,160 Speaker 1: Washington d C. Area Stock Index lost seven tenths of 100 00:05:43,320 --> 00:05:46,280 Speaker 1: one percent Europe to date. On business from the Beltway 101 00:05:46,320 --> 00:05:50,120 Speaker 1: to Baltimore. I'm Larry Kowsky. This is Bloomberg nine one 102 00:05:50,120 --> 00:05:52,640 Speaker 1: and one oh five points seven FM h D two. 103 00:05:52,920 --> 00:05:56,040 Speaker 1: Thanks Larry. Global News twenty four hours a day on 104 00:05:56,200 --> 00:05:59,000 Speaker 1: air and at TikTok on Twitter, powered by more than 105 00:06:00,040 --> 00:06:04,279 Speaker 1: journalist and analyst and more than one countries. I'm Nancy Lions. 106 00:06:04,640 --> 00:06:07,760 Speaker 1: Happy Tuesday, Kevin, Happy Tuesday, Nancy. It's great to be back. 107 00:06:07,800 --> 00:06:11,000 Speaker 1: I'm Kevin cur really cheap Washington correspondent from Bloomberg Television 108 00:06:11,000 --> 00:06:13,880 Speaker 1: and Bloomberg Radio. We're following trade. We'll get to that 109 00:06:13,960 --> 00:06:16,720 Speaker 1: coming up with Sarah McGregor at Bloomberg News. But we're 110 00:06:16,720 --> 00:06:21,240 Speaker 1: gonna lead tonight with Hurricane Dorian. Reading from the Weather Channel. 111 00:06:21,320 --> 00:06:25,720 Speaker 1: Hurricane Dorian will pummel the northwest Bahamas for one more day. 112 00:06:26,160 --> 00:06:29,480 Speaker 1: A hurricane warning and a storm Sworge warning has been 113 00:06:29,520 --> 00:06:33,240 Speaker 1: issued for parts of Florida's east coast. There's also been 114 00:06:33,279 --> 00:06:37,480 Speaker 1: warnings that have been extended into Georgia and South Carolina. 115 00:06:37,600 --> 00:06:41,479 Speaker 1: Conditioned conditions still like you know, worsen along Georgia and 116 00:06:41,520 --> 00:06:46,880 Speaker 1: the South Carolinian coasts on Wednesday, and yes, folks Southeast Virginia, 117 00:06:47,279 --> 00:06:50,960 Speaker 1: a lot of rain expected southeast of Virginia for Thursday 118 00:06:51,040 --> 00:06:56,200 Speaker 1: and Friday. Were carefully monitoring this storm and and the 119 00:06:56,240 --> 00:07:00,719 Speaker 1: policy impacts already already being felt over the weekend. President 120 00:07:00,720 --> 00:07:04,839 Speaker 1: Trump facing criticism for having first canceled an international trip 121 00:07:05,240 --> 00:07:08,200 Speaker 1: but then being on the golf course, he says, and 122 00:07:08,240 --> 00:07:12,000 Speaker 1: the administration says that they were carefully monitoring that the 123 00:07:12,080 --> 00:07:14,960 Speaker 1: chattering class had a different take on that. Here with 124 00:07:15,000 --> 00:07:17,280 Speaker 1: me in studio not to chatter, but to dive into 125 00:07:17,320 --> 00:07:21,200 Speaker 1: the policy of all of this, particularly as it relates 126 00:07:21,520 --> 00:07:25,600 Speaker 1: to FEMA. Sarah Kim. She is a Republican strategist, former 127 00:07:25,640 --> 00:07:28,640 Speaker 1: senior advisor and the Trump administration. And Richard Fowler. He's 128 00:07:28,680 --> 00:07:32,360 Speaker 1: a Democrat. He's also a nationally syndicated radio show host 129 00:07:32,560 --> 00:07:37,000 Speaker 1: and a Fox News contributor. Thank you both for being here, Sarah. 130 00:07:37,160 --> 00:07:39,280 Speaker 1: I want to start with you, because there's been this 131 00:07:39,400 --> 00:07:43,960 Speaker 1: fascinating budget fight, so to speak, in terms of hurricane 132 00:07:44,040 --> 00:07:47,240 Speaker 1: funding and the issue of immigration. And for folks who 133 00:07:47,400 --> 00:07:52,480 Speaker 1: maybe aren't following along, Democrats are criticizing Republicans for trying 134 00:07:52,520 --> 00:07:55,400 Speaker 1: to move money from FEMA, which of course we all 135 00:07:55,400 --> 00:07:57,920 Speaker 1: know is one of the large government agencies that helps 136 00:07:57,960 --> 00:08:02,160 Speaker 1: to fund emergency releague programs, but to move and reallocate 137 00:08:02,240 --> 00:08:07,240 Speaker 1: funds from FEMA to better support the facilities in which 138 00:08:07,320 --> 00:08:11,520 Speaker 1: illegal immigrants are being held. It's been a back and forth. 139 00:08:11,760 --> 00:08:15,000 Speaker 1: But give us the administration's perspective as to why this 140 00:08:15,040 --> 00:08:18,480 Speaker 1: move was needed. I would say two things. First and foremost, 141 00:08:18,520 --> 00:08:21,360 Speaker 1: President Obama sat the president of taking money from FEMA 142 00:08:21,440 --> 00:08:25,640 Speaker 1: and putting it over to c P b P, the UH, 143 00:08:25,680 --> 00:08:28,320 Speaker 1: and what he did in two thousand fourteen, according to 144 00:08:28,360 --> 00:08:31,080 Speaker 1: his then Secretary of Homeland Security J. Johnson, he took 145 00:08:31,080 --> 00:08:33,720 Speaker 1: four hundred and five million dollars and put that over 146 00:08:33,760 --> 00:08:36,719 Speaker 1: to the wall, essentially the border between Mexico and the 147 00:08:36,800 --> 00:08:40,319 Speaker 1: United States because so many people from the Northern Triangle 148 00:08:40,320 --> 00:08:42,960 Speaker 1: were coming over. And so it is a president that 149 00:08:43,000 --> 00:08:46,120 Speaker 1: has happened before. But second, irrespective of who is president, 150 00:08:46,320 --> 00:08:48,959 Speaker 1: whether it's Obama, whether it's Trump, whether it's a Democrat, 151 00:08:49,000 --> 00:08:51,200 Speaker 1: whether it's a Republican. I think we should all just 152 00:08:51,280 --> 00:08:54,840 Speaker 1: be incredibly frustrated at the fact that Congress is not 153 00:08:54,920 --> 00:08:58,600 Speaker 1: doing their job. I don't blame President Obama for repurposing 154 00:08:58,640 --> 00:09:01,240 Speaker 1: the funds, just like I don't blame President Trump. Why 155 00:09:01,360 --> 00:09:04,440 Speaker 1: can the United States Congress not do their job and 156 00:09:04,520 --> 00:09:07,000 Speaker 1: fun things that need to be funded and appropriate things 157 00:09:07,000 --> 00:09:10,440 Speaker 1: that need to be appropriated. It's incredibly frustrating. Richard Fowler, Democrat, 158 00:09:10,880 --> 00:09:13,280 Speaker 1: nationally syndicated radio show host, Thank you for being here. 159 00:09:13,280 --> 00:09:17,000 Speaker 1: I want to play for you what Kevin mcalen And said. 160 00:09:17,400 --> 00:09:21,680 Speaker 1: Kevin Mcalenen, uh, the acting Homeland Security Secretary. He was 161 00:09:21,760 --> 00:09:25,280 Speaker 1: on CBS Face the Nation, uh and and responding to 162 00:09:25,320 --> 00:09:29,600 Speaker 1: the criticism from Democrats from Speaker Pelosi in particular about 163 00:09:29,679 --> 00:09:32,560 Speaker 1: the reallocation of funds. Take a listen to secret the 164 00:09:32,600 --> 00:09:35,800 Speaker 1: acting Secretary mcalen and curious. I would say she's badly 165 00:09:35,880 --> 00:09:38,720 Speaker 1: misinformed about the impact. There will be no impact of 166 00:09:38,800 --> 00:09:42,520 Speaker 1: the potential reprogramming on our ability to respond to this storm. Uh. 167 00:09:42,760 --> 00:09:47,320 Speaker 1: The Disaster Recovery Fund for Major disasters has over dollars 168 00:09:47,320 --> 00:09:49,319 Speaker 1: in it. We're talking about a hundred and fifty five 169 00:09:49,400 --> 00:09:52,640 Speaker 1: million UH in a base level fund. We believe we 170 00:09:52,679 --> 00:09:54,840 Speaker 1: have fully adequate funding and no money has actually been 171 00:09:54,840 --> 00:09:57,800 Speaker 1: moved at this point to begin with, so she's not informed. 172 00:09:58,800 --> 00:10:02,320 Speaker 1: So our Democrats just playing politics with this. This is 173 00:10:02,320 --> 00:10:04,400 Speaker 1: not about politics, is about life and death and and 174 00:10:04,400 --> 00:10:07,040 Speaker 1: and recovery of American citizens. And I hope that this 175 00:10:07,200 --> 00:10:09,960 Speaker 1: the acting Homeland Security Secretary is right and this one 176 00:10:10,120 --> 00:10:14,040 Speaker 1: have an impact on how the this government responds to 177 00:10:14,120 --> 00:10:17,520 Speaker 1: natural disaster uh and listen, I also hope this president 178 00:10:17,559 --> 00:10:20,120 Speaker 1: gets this right right because when we saw what happens 179 00:10:20,120 --> 00:10:21,520 Speaker 1: when he gets it wrong. When you got it wrong 180 00:10:21,520 --> 00:10:24,160 Speaker 1: in Puerto Rico, the people of Puerto Rico suffered a 181 00:10:24,200 --> 00:10:26,560 Speaker 1: great deal and they still continue to suffer. So my 182 00:10:26,600 --> 00:10:28,760 Speaker 1: hope is that this White House has learned from its 183 00:10:28,800 --> 00:10:31,040 Speaker 1: three years and many natural disasters on how to get 184 00:10:31,040 --> 00:10:33,240 Speaker 1: this one right. And I'm praying for all the people 185 00:10:33,320 --> 00:10:36,240 Speaker 1: in Florida, the people in Georgia, and people in South Carolina. 186 00:10:36,280 --> 00:10:39,920 Speaker 1: Insinuation that Democrats have made over the past five days 187 00:10:40,000 --> 00:10:42,680 Speaker 1: or so since Hurricane Do Dorian first came onto the 188 00:10:42,760 --> 00:10:47,840 Speaker 1: radar is that the administration is choosing to to choose 189 00:10:47,880 --> 00:10:53,319 Speaker 1: to do immigration and to take away funds from essentially 190 00:10:53,480 --> 00:10:56,360 Speaker 1: life or death situation. But that that's not the case 191 00:10:56,400 --> 00:10:58,760 Speaker 1: according to the numbers. Listen, like I said, I'm not 192 00:10:58,800 --> 00:11:01,199 Speaker 1: gonna I I wasn't one that made that comment. It 193 00:11:01,280 --> 00:11:04,400 Speaker 1: was another Democratic houseloman that made that comment. And uh, 194 00:11:04,600 --> 00:11:06,320 Speaker 1: I mean like I said that, I all I want 195 00:11:06,400 --> 00:11:08,920 Speaker 1: here is for the people of Florida, Georgia, and North 196 00:11:08,920 --> 00:11:11,080 Speaker 1: Carolina and South Carolina to get the resources that they 197 00:11:11,120 --> 00:11:13,640 Speaker 1: need so they can continue to live thriving lives and 198 00:11:13,679 --> 00:11:16,800 Speaker 1: live in thriving communities. Hopefully this administration has learned how 199 00:11:16,840 --> 00:11:18,760 Speaker 1: to manage a natural disaster. They've had a couple under 200 00:11:18,760 --> 00:11:21,079 Speaker 1: their belt. They've had a couple of slip ups, Puerto 201 00:11:21,160 --> 00:11:23,680 Speaker 1: Rico being um the greatest of them. And so I 202 00:11:23,720 --> 00:11:25,640 Speaker 1: hope he gets it right. Sarah. But let me come 203 00:11:25,640 --> 00:11:27,200 Speaker 1: back to you, because you you made the point of 204 00:11:27,200 --> 00:11:31,720 Speaker 1: why can't Congress just address the issue in and of itself. Well, 205 00:11:31,800 --> 00:11:34,720 Speaker 1: let's take the issue of immigration for example. Why can't 206 00:11:34,760 --> 00:11:39,240 Speaker 1: they just bolster funds to address these immigration facilities that 207 00:11:39,320 --> 00:11:44,160 Speaker 1: have captivated and angered Americans, the American people on both 208 00:11:44,160 --> 00:11:47,040 Speaker 1: sides of the Aisle. I think, for one simple reason, 209 00:11:47,480 --> 00:11:50,679 Speaker 1: they work in a world of talking points where they 210 00:11:50,760 --> 00:11:53,880 Speaker 1: don't think the average American is really smart and can 211 00:11:53,960 --> 00:11:57,080 Speaker 1: understand a nuanced off the argument. Right, all four of us, 212 00:11:57,120 --> 00:11:59,679 Speaker 1: all of your listeners, and I would say of the 213 00:11:59,720 --> 00:12:02,199 Speaker 1: voters can walk and chew gum at the same time. 214 00:12:02,360 --> 00:12:04,080 Speaker 1: I don't need you to tell me, as a United 215 00:12:04,080 --> 00:12:06,880 Speaker 1: States Member of Congress that the wall needs to be funded, 216 00:12:07,080 --> 00:12:09,880 Speaker 1: and then, because you know we also need to focus 217 00:12:09,880 --> 00:12:12,840 Speaker 1: on giving support to the Northern Triangle countries that we 218 00:12:12,920 --> 00:12:14,959 Speaker 1: can't do that because the wall has to be funded. 219 00:12:15,160 --> 00:12:19,400 Speaker 1: You can have a multilateral, multidimensional conversation in its time 220 00:12:19,480 --> 00:12:22,560 Speaker 1: for the Congress members, Senate, and House to have this 221 00:12:22,640 --> 00:12:26,800 Speaker 1: conversation to actually pass meaningful reform. I think she's right. 222 00:12:26,840 --> 00:12:28,360 Speaker 1: I mean, I think part of the problem is the 223 00:12:28,360 --> 00:12:30,480 Speaker 1: meaning we're not having a meaningful conversation out of the 224 00:12:30,480 --> 00:12:32,760 Speaker 1: White House, right is you have eleven million folks living 225 00:12:32,760 --> 00:12:35,000 Speaker 1: in this country in the shadows. On top of that, 226 00:12:35,080 --> 00:12:36,920 Speaker 1: you have dreamers, people who came to this country at 227 00:12:36,920 --> 00:12:39,320 Speaker 1: no fault of their own, who are now in our schools, 228 00:12:39,440 --> 00:12:40,960 Speaker 1: who want to go to college. Some of them are 229 00:12:40,960 --> 00:12:43,880 Speaker 1: in our military, and this White House has refused to 230 00:12:43,960 --> 00:12:47,199 Speaker 1: give anything to Democrats to say here, listen, we will 231 00:12:47,200 --> 00:12:49,839 Speaker 1: give you a pathway to citizenship, will have a conversation 232 00:12:49,880 --> 00:12:53,520 Speaker 1: about how we protect the dreamers in exchange for funding 233 00:12:53,559 --> 00:12:55,880 Speaker 1: for the border walls. All this president has been is 234 00:12:55,880 --> 00:12:58,240 Speaker 1: saying border wall, border wall, border wall, and I want 235 00:12:58,240 --> 00:13:00,720 Speaker 1: to do nothing else with immigration. And that's tells me 236 00:13:00,800 --> 00:13:02,640 Speaker 1: Richard Feller. We're gonna be talking a lot more about 237 00:13:02,640 --> 00:13:06,960 Speaker 1: the wall once longmaker's return from congressional recess. Maybe something 238 00:13:07,000 --> 00:13:09,120 Speaker 1: else our panel can agree on. Coming up, we're gonna 239 00:13:09,200 --> 00:13:12,480 Speaker 1: check in with Sarah McGregor. She's Bloomberg News Senior Trade editor. 240 00:13:12,600 --> 00:13:15,959 Speaker 1: You can download the Bloomberg Sound on podcast on Apple iTunes, 241 00:13:16,000 --> 00:13:19,040 Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business App. 242 00:13:19,080 --> 00:13:21,400 Speaker 1: You can also find me on Radio dot com, I 243 00:13:21,480 --> 00:13:24,640 Speaker 1: Heart Radio, and Spotify. I'm Kevin Crelli. Hopefully you made 244 00:13:24,640 --> 00:13:37,400 Speaker 1: it back from Rehobeth. You're listening to Bloomberg Continuous market 245 00:13:37,480 --> 00:13:41,079 Speaker 1: coverage live from Hong Kong, Bloomberg Day Brank Asia. I'm 246 00:13:41,080 --> 00:13:44,240 Speaker 1: Brian Curtis. Join us for Bloomberg Daybreak Asia. Hong Kong's 247 00:13:44,280 --> 00:13:48,199 Speaker 1: chief executive Kerry Lamb stands defiant. How do protesters respond? 248 00:13:48,440 --> 00:13:52,200 Speaker 1: Global affairs Analyst, Michael Barsaku joins us and Jason Schanker 249 00:13:52,240 --> 00:13:56,439 Speaker 1: of Prestige Economics on China, Bloomberg, Daybreak Asia, Tonight at 250 00:13:56,440 --> 00:13:59,719 Speaker 1: six on Bloomberg and one on five point seven f 251 00:13:59,800 --> 00:14:02,440 Speaker 1: M A D two Baltimore, the Bloomberg Business app, and 252 00:14:02,480 --> 00:14:07,920 Speaker 1: Bloomberg Radio dot Com. Bloomberg The World is Listening. Portfolio Analysts, 253 00:14:07,920 --> 00:14:11,760 Speaker 1: powered by Interactive Brokers, help sophisticated investors understand the health 254 00:14:11,760 --> 00:14:15,160 Speaker 1: of their complete financial portfolio. Portfolio Analyst is free and 255 00:14:15,200 --> 00:14:18,360 Speaker 1: easy to use personal finance software that creates a consolidated 256 00:14:18,440 --> 00:14:21,240 Speaker 1: view of banking, brokerage and credit card accounts. Compare your 257 00:14:21,240 --> 00:14:24,720 Speaker 1: consolidated portfolio against more than two D benchmarks, or create 258 00:14:24,760 --> 00:14:28,280 Speaker 1: customized benchmarks for analyzing performance, calculate time and money way 259 00:14:28,320 --> 00:14:31,400 Speaker 1: to rates of return, and use Portfolio Analysts for forecasting. 260 00:14:31,560 --> 00:14:34,560 Speaker 1: Learn more and download Portfolio Analyst free at I v 261 00:14:34,720 --> 00:14:37,560 Speaker 1: k R dot com. Slash p a every day fully 262 00:14:37,600 --> 00:14:42,440 Speaker 1: autonomous security robots are operating three helping humans keep the 263 00:14:42,480 --> 00:14:45,240 Speaker 1: places you work, study, and visits safe. Join us and 264 00:14:45,320 --> 00:14:48,720 Speaker 1: helping build a safer America. Learn more at security robot 265 00:14:48,760 --> 00:14:52,520 Speaker 1: dot com. That Security robot dot com as a doctor 266 00:14:52,560 --> 00:14:56,240 Speaker 1: who provided medical care to remote islands. Dr Ben Lebro 267 00:14:56,440 --> 00:14:59,880 Speaker 1: has seen some things, piracy hurricanes, being struck by lightning. 268 00:15:00,040 --> 00:15:03,000 Speaker 1: While most of us can't relate to confrontations with pirates, 269 00:15:03,120 --> 00:15:06,000 Speaker 1: we get that life comes with risk, but retirement student. 270 00:15:06,280 --> 00:15:08,960 Speaker 1: That's why Dr Ben purchased an annuity to secure a 271 00:15:08,960 --> 00:15:11,800 Speaker 1: protected income stream for the rest of his life. Find 272 00:15:11,800 --> 00:15:14,720 Speaker 1: out more at Retire your Risk dot org, brought to 273 00:15:14,800 --> 00:15:17,160 Speaker 1: you by the Alliance for a Lifetime Income, the sole 274 00:15:17,200 --> 00:15:21,040 Speaker 1: sponsor of the nineteen Rolling Stones No Filter US Tour. 275 00:15:21,840 --> 00:15:24,320 Speaker 1: Are you a high growth, fast moving company that needs 276 00:15:24,320 --> 00:15:27,760 Speaker 1: to react quickly to market changes and investment opportunities. Eisner 277 00:15:27,760 --> 00:15:30,880 Speaker 1: Amper's outsourced finance and accounting practice can help to see 278 00:15:30,920 --> 00:15:34,160 Speaker 1: if outsourcing your accounting makes sense. Please visit Eisner Amper 279 00:15:34,200 --> 00:15:40,120 Speaker 1: dot com slash outsource g EP Strategy Software Managed Services. 280 00:15:40,400 --> 00:15:43,360 Speaker 1: Hundreds of Fortune five hundred and global two thousand companies 281 00:15:43,360 --> 00:15:46,800 Speaker 1: work with g EP to transform their procurement and supply 282 00:15:46,920 --> 00:15:51,400 Speaker 1: chain operations because g EP brings it all together software, 283 00:15:51,640 --> 00:15:55,440 Speaker 1: The Smart by g EP Digital Procurement Platform is amazing 284 00:15:55,720 --> 00:15:59,840 Speaker 1: strategy tops in the industry change management. G EP is 285 00:16:00,040 --> 00:16:04,160 Speaker 1: insistently ranked among the very best. G EP helping the 286 00:16:04,200 --> 00:16:11,840 Speaker 1: world's best companies do better. Bloomberg business time in the 287 00:16:11,880 --> 00:16:16,760 Speaker 1: district five sixteen time for drivetime traffic every fifteen minutes 288 00:16:16,800 --> 00:16:20,320 Speaker 1: on Bloomberg Tarn gal Broth take us to those delays 289 00:16:20,360 --> 00:16:23,320 Speaker 1: on sixty six. Wants you have a little bit of 290 00:16:23,320 --> 00:16:26,680 Speaker 1: good news that sixty six westbound over in Manassas accident 291 00:16:26,760 --> 00:16:29,120 Speaker 1: has been cleared, but we still have pretty heavy congestion 292 00:16:29,200 --> 00:16:31,520 Speaker 1: after this incident is pretty much a parking lot. I'll 293 00:16:31,560 --> 00:16:34,600 Speaker 1: stop very little. Go for drivers from fair Oaks where 294 00:16:34,600 --> 00:16:37,040 Speaker 1: we have backups after that incident that continue all the 295 00:16:37,080 --> 00:16:39,240 Speaker 1: way over Throots who sudd the road. Those are lays 296 00:16:39,320 --> 00:16:41,560 Speaker 1: right now around thirty man As, honesto. Drivers coming from 297 00:16:41,600 --> 00:16:44,000 Speaker 1: the Beltway, congestion for you there as well from the 298 00:16:44,040 --> 00:16:46,320 Speaker 1: Beltway on over Threw two fair Effects Boilibard is just 299 00:16:46,360 --> 00:16:48,920 Speaker 1: gonna stream right into one gem into the other there. 300 00:16:49,160 --> 00:16:52,720 Speaker 1: And also for drivers traveling on Thing in Virginia southbound, 301 00:16:52,760 --> 00:16:54,760 Speaker 1: stop and go for you as you're coming from the 302 00:16:54,800 --> 00:16:57,480 Speaker 1: belt Way on out through through and Brouts to Woodbridge 303 00:16:57,480 --> 00:16:59,200 Speaker 1: where we're still trying to recover from that accident. It's 304 00:16:59,240 --> 00:17:01,840 Speaker 1: going to be occupied. Haying your shoulder in the express 305 00:17:01,920 --> 00:17:05,160 Speaker 1: lane near Dale City and Rippon landing exit with heavy 306 00:17:05,160 --> 00:17:08,919 Speaker 1: congestion from US one traffic and weather every fifteen minutes 307 00:17:08,920 --> 00:17:11,160 Speaker 1: on the Bowie Areas only twenty four hour business station 308 00:17:11,200 --> 00:17:14,200 Speaker 1: Bloomberg one on five point seven FM h D two. 309 00:17:14,400 --> 00:17:18,560 Speaker 1: Thanks Nancy, Thank you Taren. Now the Bloomberg three day 310 00:17:18,600 --> 00:17:22,400 Speaker 1: weather forecast clear to partly cloudy skies Tonight, loads down 311 00:17:22,440 --> 00:17:25,800 Speaker 1: near seventy degrees. It'll be sunny tomorrow, but we have 312 00:17:25,880 --> 00:17:28,680 Speaker 1: the chance of maybe a late day shower. Thunderstorm are 313 00:17:28,760 --> 00:17:32,399 Speaker 1: high tomorrow near ninety pretty much like today. Tomorrow night, 314 00:17:32,440 --> 00:17:35,720 Speaker 1: we still could see some evening showers. Lows again near seventy, 315 00:17:35,800 --> 00:17:38,919 Speaker 1: and then for Thursday, some lingering clouds not as warm. 316 00:17:38,960 --> 00:17:42,640 Speaker 1: Are high on Thursday around eighty degrees. Right now eighty 317 00:17:42,720 --> 00:17:45,800 Speaker 1: eight in Washington, eighty five in Baltimore. Straight ahead, Bloomberg 318 00:17:45,880 --> 00:17:49,719 Speaker 1: Sound On with Kevin Cirelli continues on Bloomberg and one 319 00:17:49,720 --> 00:17:54,159 Speaker 1: oh five point seven FM h D two. This is 320 00:17:54,160 --> 00:17:59,520 Speaker 1: Bloomberg sound On with Kevin Shirley on Bloomberg and one 321 00:17:59,520 --> 00:18:06,760 Speaker 1: oh five point two. Breaking news headlines crossing the Bloomberg terminal. 322 00:18:06,960 --> 00:18:13,760 Speaker 1: Now Boris Johnson UK Prime Minister Boris Johnson has lost 323 00:18:14,720 --> 00:18:18,639 Speaker 1: lost a vote on Brexit plan in Parliament. I'm reading 324 00:18:18,680 --> 00:18:22,320 Speaker 1: now from Tim Ross and Robert Hutton's reporting on the 325 00:18:22,320 --> 00:18:27,080 Speaker 1: Bloomberg terminal. My colleagues located across the pond. Boris Johnson 326 00:18:27,280 --> 00:18:31,439 Speaker 1: lost his government's ruling majority ahead of a critical showdown 327 00:18:31,840 --> 00:18:36,080 Speaker 1: with members of Parliament. As the Brexit crisis pushed the 328 00:18:36,200 --> 00:18:41,040 Speaker 1: UK closer toward a snap election. The Prime Minister is 329 00:18:41,359 --> 00:18:45,000 Speaker 1: battling political opponents who are determined to wreck his plans 330 00:18:45,040 --> 00:18:48,719 Speaker 1: to deliver Brexit at all costs by October thirty one, 331 00:18:48,960 --> 00:18:52,879 Speaker 1: with the first parliamentary vote in the class expected around 332 00:18:52,920 --> 00:18:58,480 Speaker 1: ten pm Tuesday night. I'm Kevin Cirilli, Chief Washington correspondent 333 00:18:58,480 --> 00:19:01,840 Speaker 1: from Bloomberg Television and bloom Radio. We'll talk more about 334 00:19:01,840 --> 00:19:04,840 Speaker 1: Brexit in terms of the trade implications. But joining us 335 00:19:04,880 --> 00:19:08,520 Speaker 1: on the phone Sarah McGregor, Bloomberg News Senior Trade Editor. 336 00:19:08,920 --> 00:19:12,560 Speaker 1: Let's begin, Sarah with Brexit. How has the Brexit back 337 00:19:12,600 --> 00:19:16,960 Speaker 1: and forth impacted the trade debate as a whole. Well, 338 00:19:16,960 --> 00:19:19,560 Speaker 1: you know, I think bregsit was sort of one of 339 00:19:19,880 --> 00:19:22,240 Speaker 1: the first forays that we that we started to see 340 00:19:22,240 --> 00:19:24,280 Speaker 1: along with the you know, the election of Donald Trump, 341 00:19:24,280 --> 00:19:27,080 Speaker 1: where this sort of populist movement seemed to take over 342 00:19:27,119 --> 00:19:29,639 Speaker 1: and people sort of changing the paradigm. Think for the 343 00:19:29,680 --> 00:19:32,520 Speaker 1: longest time, everyone just thought free trade, we move forward, 344 00:19:32,640 --> 00:19:36,240 Speaker 1: we integrate, we cooperate more, and you know, bregsit along 345 00:19:36,280 --> 00:19:39,280 Speaker 1: with this Trump effect sort of turn that on its head. 346 00:19:39,359 --> 00:19:42,800 Speaker 1: So I think practically too in the US, you know, 347 00:19:42,880 --> 00:19:45,320 Speaker 1: they're pretty eager to get a trade deal with the US. 348 00:19:45,400 --> 00:19:48,600 Speaker 1: Of course the UK and Donald Trump seems um seems 349 00:19:48,640 --> 00:19:50,320 Speaker 1: to be into that as well, So that would be 350 00:19:50,359 --> 00:19:52,720 Speaker 1: an interesting sort of development as well. How does a 351 00:19:52,760 --> 00:19:55,480 Speaker 1: trade deal from scratch start with the Trump administration? What 352 00:19:55,520 --> 00:19:57,280 Speaker 1: would that look like? We're used to seeing them rip 353 00:19:57,280 --> 00:20:00,639 Speaker 1: them up and read them. What would have and spanking 354 00:20:00,680 --> 00:20:02,720 Speaker 1: new one looked like? Yeah, that on on U S, 355 00:20:02,800 --> 00:20:04,560 Speaker 1: M c A as well. Well, we're talking about that 356 00:20:04,600 --> 00:20:07,600 Speaker 1: when lawmakers return from recess as well. I was reading 357 00:20:07,600 --> 00:20:10,719 Speaker 1: on the terminal. Stocks fell as trade talks between the U. 358 00:20:10,760 --> 00:20:14,760 Speaker 1: S and China struck another stumbling block. While treasuries rose 359 00:20:14,800 --> 00:20:18,320 Speaker 1: in the dollar declined after a gauge of American manufacturing 360 00:20:18,520 --> 00:20:22,840 Speaker 1: signaled contraction for the first time in three years. You 361 00:20:22,840 --> 00:20:24,879 Speaker 1: look at the SMP five hundred, that drop for the 362 00:20:24,920 --> 00:20:28,520 Speaker 1: first time in four sessions, and this, of course, is 363 00:20:28,359 --> 00:20:32,000 Speaker 1: all on the Chinese that America back and forth. I mean, 364 00:20:32,040 --> 00:20:36,040 Speaker 1: what got what what spooked the markets today? Well, you 365 00:20:36,080 --> 00:20:38,560 Speaker 1: know what, I think this is just my hunt is 366 00:20:38,600 --> 00:20:44,160 Speaker 1: that just between us, Sarah, A lot of people, including myself, 367 00:20:44,640 --> 00:20:48,159 Speaker 1: I think the business community, uh maybe even China that 368 00:20:48,240 --> 00:20:50,679 Speaker 1: asked the Trump administration took the ladies tariffs at the 369 00:20:50,680 --> 00:20:53,439 Speaker 1: eleventh hour. I think a lot of people thought maybe 370 00:20:53,480 --> 00:20:55,840 Speaker 1: just maybe Trump might not move forward with these tarrifs. 371 00:20:55,880 --> 00:20:58,240 Speaker 1: You might change his mind at the last minute, you know, 372 00:20:58,280 --> 00:21:00,000 Speaker 1: I know we were we were sort of up until 373 00:21:00,080 --> 00:21:03,040 Speaker 1: midnight when those when those terrorists hit, to see if 374 00:21:03,040 --> 00:21:04,639 Speaker 1: there was going to be a statement or a tweet 375 00:21:04,680 --> 00:21:07,320 Speaker 1: from Trump. Of course they went into effect and we 376 00:21:07,359 --> 00:21:09,879 Speaker 1: saw the retaliation, and I think, you know, it's just 377 00:21:10,080 --> 00:21:12,840 Speaker 1: it's pretty obvious right now that we're really stuck. And 378 00:21:12,880 --> 00:21:16,240 Speaker 1: beyond that, besides, can't even agree to their next meeting. 379 00:21:16,280 --> 00:21:18,120 Speaker 1: Are they going to have it? What's the date, what's 380 00:21:18,160 --> 00:21:20,160 Speaker 1: on the agenda? And that's and that's really I mean, 381 00:21:20,200 --> 00:21:22,960 Speaker 1: this is such a crucial point from Sarah McGregor, the 382 00:21:22,960 --> 00:21:25,679 Speaker 1: best in the biz. Bloomberg News senior trade editor, calling 383 00:21:25,680 --> 00:21:28,960 Speaker 1: in from from our l a Bureau because it really 384 00:21:29,000 --> 00:21:32,520 Speaker 1: illustrates just the heightened jitters, not just on Wall Street, 385 00:21:32,560 --> 00:21:34,960 Speaker 1: but also in Beijing. I mean the fact that there's 386 00:21:34,960 --> 00:21:37,000 Speaker 1: the time difference. They wake up, they check their phone, 387 00:21:37,040 --> 00:21:39,479 Speaker 1: they check President Trump's Twitter account. It's not just editors, 388 00:21:39,480 --> 00:21:42,160 Speaker 1: It's not just US reporters. I mean, these are traitors 389 00:21:42,200 --> 00:21:47,120 Speaker 1: all around the world who are literally literally hanging hanging 390 00:21:47,160 --> 00:21:50,119 Speaker 1: for any type of newest development, all of which is 391 00:21:50,160 --> 00:21:53,240 Speaker 1: being driven out of six D Pennsylvania Avenue. You mentioned 392 00:21:53,280 --> 00:21:56,639 Speaker 1: the tariffs there were. There was fifteen percent tariff increases 393 00:21:56,680 --> 00:21:59,480 Speaker 1: that went on that went on over the past twenty 394 00:21:59,480 --> 00:22:03,160 Speaker 1: four hours of about hundred and ten billion dollars worth 395 00:22:03,400 --> 00:22:06,040 Speaker 1: of Chinese imports. We still don't know if the Chinese 396 00:22:06,119 --> 00:22:08,560 Speaker 1: delegation is going to come into the United States. And 397 00:22:08,600 --> 00:22:10,719 Speaker 1: then and this is my question before I gotta let 398 00:22:10,720 --> 00:22:12,879 Speaker 1: you go, You've been so generous with your time, Josh 399 00:22:12,880 --> 00:22:16,000 Speaker 1: wind Grover, colleague, what he is reporting on the terminal today. 400 00:22:16,240 --> 00:22:19,879 Speaker 1: President Donald Trump sought to prod China into doing a 401 00:22:19,920 --> 00:22:23,920 Speaker 1: trade deal before the US presidential election in November twenty 402 00:22:24,160 --> 00:22:30,080 Speaker 1: or face even more difficult negotiations during his potential second term. 403 00:22:30,119 --> 00:22:32,439 Speaker 1: This was the tweet earlier. Today, I think what happens 404 00:22:32,480 --> 00:22:35,400 Speaker 1: to China when I win deal would get much tougher. 405 00:22:36,880 --> 00:22:39,560 Speaker 1: It's interesting because Trump before has opened a little bit 406 00:22:39,600 --> 00:22:41,280 Speaker 1: about the elections, and it was more about the fact 407 00:22:41,280 --> 00:22:43,320 Speaker 1: that he thought China was delaying a deal so that 408 00:22:43,359 --> 00:22:46,879 Speaker 1: a democratic administration could potentially get in and then go 409 00:22:47,000 --> 00:22:49,200 Speaker 1: soft on them, and he, you know, he sort of 410 00:22:49,240 --> 00:22:51,000 Speaker 1: positioned himself as the one to get the job done 411 00:22:51,040 --> 00:22:53,399 Speaker 1: and to get tough on them. Today he seems to 412 00:22:53,440 --> 00:22:55,440 Speaker 1: be saying, you know what, I'm going to get even 413 00:22:55,480 --> 00:22:57,760 Speaker 1: tougher on China. I'm gonna win reelection. If they don't 414 00:22:57,800 --> 00:23:01,160 Speaker 1: do a deal. Now, watch out, I'm going to get reelected. 415 00:23:01,200 --> 00:23:02,399 Speaker 1: And then You're going to have to deal with a 416 00:23:02,480 --> 00:23:05,960 Speaker 1: really tough Donald Trump. And you know, I think it's 417 00:23:06,040 --> 00:23:09,040 Speaker 1: interesting how his narrative on China will develop coming up 418 00:23:09,040 --> 00:23:11,240 Speaker 1: to the election. One, you'll want to protect the economy, 419 00:23:11,640 --> 00:23:14,280 Speaker 1: make sure you know, people still have their jobs and 420 00:23:14,880 --> 00:23:18,119 Speaker 1: trade isn't a factor in, you know, cutting into that growth, 421 00:23:18,480 --> 00:23:20,960 Speaker 1: that economic growth. But too, he's gonna want to look 422 00:23:21,000 --> 00:23:22,879 Speaker 1: like he's got to fun China. Is that still going 423 00:23:22,920 --> 00:23:25,400 Speaker 1: to be possible there? There probably won't be a deal 424 00:23:25,480 --> 00:23:29,879 Speaker 1: before before the elections unless things dramatically change, you know, 425 00:23:30,040 --> 00:23:33,480 Speaker 1: I I just gotta say, I know, everybody the general thinking, 426 00:23:33,520 --> 00:23:37,240 Speaker 1: the zeitgeist, says Tom Keene always says the zeitgeist as 427 00:23:37,280 --> 00:23:40,640 Speaker 1: that President shi Jing Ping is playing, is running a marathon, 428 00:23:40,720 --> 00:23:43,880 Speaker 1: that he's going to outlast the United States and whatnot. 429 00:23:43,960 --> 00:23:46,840 Speaker 1: I mean, I I think that that that's a miscalculation 430 00:23:46,920 --> 00:23:48,399 Speaker 1: or what one can make the case that that's a 431 00:23:48,440 --> 00:23:53,800 Speaker 1: miss calculation on Beijing's part, because again Bernie Sanders, Elizabeth Warren, 432 00:23:54,119 --> 00:23:58,080 Speaker 1: Donald Trump all have advocated for the use of tariffs. 433 00:23:58,160 --> 00:24:01,960 Speaker 1: So even if if Trump does get reelected and he's 434 00:24:01,960 --> 00:24:04,359 Speaker 1: in the White House, I mean, is just gonna say, oh, 435 00:24:04,400 --> 00:24:08,200 Speaker 1: we'll wait till four or whatever. But if he doesn't 436 00:24:08,440 --> 00:24:11,600 Speaker 1: get re elected, I mean, there are still advocates of 437 00:24:11,760 --> 00:24:17,160 Speaker 1: using tariffs in both parties now that have dominant microphones 438 00:24:17,200 --> 00:24:21,040 Speaker 1: and dominant cloud Do they not? Sarah? Absolutely? And if 439 00:24:21,080 --> 00:24:23,919 Speaker 1: you look at the reaction or almost non reaction, I 440 00:24:23,920 --> 00:24:27,480 Speaker 1: would say, from you know, politicians, from lawmakers, where are they? 441 00:24:27,800 --> 00:24:31,480 Speaker 1: We just caf on a hund ten billion dollars of goods. 442 00:24:31,600 --> 00:24:34,320 Speaker 1: If this had happened in isolation, it would be a 443 00:24:34,400 --> 00:24:37,560 Speaker 1: miracle that you know that the markets were just down 444 00:24:37,600 --> 00:24:40,080 Speaker 1: a little today. Where are the lawmakers on this? They 445 00:24:40,160 --> 00:24:41,840 Speaker 1: kind of stand behind Donald Trump on this, and I 446 00:24:41,880 --> 00:24:43,479 Speaker 1: think they're letting it play out to see how far 447 00:24:43,520 --> 00:24:45,880 Speaker 1: it can go. But yeah, the Democrats will be back 448 00:24:45,880 --> 00:24:49,480 Speaker 1: into a corner as well. And meanwhile, just we can't 449 00:24:49,520 --> 00:24:52,240 Speaker 1: talk about US China trade policy anymore without talking about 450 00:24:52,240 --> 00:24:56,040 Speaker 1: Hong Kong. Report from the Bloomberg Terminal on the Hong 451 00:24:56,119 --> 00:24:59,720 Speaker 1: Kong situation just published within the last couple of hours 452 00:25:00,000 --> 00:25:04,080 Speaker 1: and softened its tone toward Hong Kong's protesters, saying peaceful 453 00:25:04,080 --> 00:25:08,159 Speaker 1: demonstrations were allowed under the law, even as it ruled 454 00:25:08,200 --> 00:25:13,320 Speaker 1: out a fundamental demand for direct democracy that has fueled 455 00:25:13,440 --> 00:25:17,480 Speaker 1: the unrest. So maybe, Sarah McGregor last question, maybe the 456 00:25:17,560 --> 00:25:19,560 Speaker 1: Chinese are starting to feel the pressure on those Hong 457 00:25:19,640 --> 00:25:23,520 Speaker 1: Kong protests, right, and then we see Donald Trump bringing 458 00:25:23,720 --> 00:25:26,960 Speaker 1: actually the Hong Kong protests increasingly into the debate about 459 00:25:26,960 --> 00:25:29,280 Speaker 1: a trade deal. You know, if it's sort of saying 460 00:25:29,280 --> 00:25:31,679 Speaker 1: if if China does does anything wrong with these Hong 461 00:25:31,760 --> 00:25:33,840 Speaker 1: Kong protests, if it's not resolved in a way that's 462 00:25:34,320 --> 00:25:37,520 Speaker 1: um sort of works out and peaceful democratic, you know 463 00:25:37,720 --> 00:25:41,080 Speaker 1: that the Trump administration make him very hard to get 464 00:25:41,080 --> 00:25:43,080 Speaker 1: a trade deal. So you can see the Trump administration 465 00:25:43,200 --> 00:25:45,480 Speaker 1: just coming from every angle, whether it's the elections, or 466 00:25:45,520 --> 00:25:48,240 Speaker 1: Hong Kong or the economic pressure, trying to make a 467 00:25:48,280 --> 00:25:50,920 Speaker 1: case for why they think China should make a deal 468 00:25:50,960 --> 00:25:53,800 Speaker 1: for them based on all sorts of pressure points, and 469 00:25:53,880 --> 00:25:56,439 Speaker 1: it just doesn't seem like China's budging. So I cannot 470 00:25:56,440 --> 00:25:58,600 Speaker 1: wait to see if these talks come through in September, 471 00:25:58,640 --> 00:26:00,960 Speaker 1: and if they do, are they going to talk about? 472 00:26:01,000 --> 00:26:04,159 Speaker 1: What possibly could they agree on at this moment that 473 00:26:04,240 --> 00:26:08,200 Speaker 1: would alleviate any of the tension coming out from every angle. Sarah, 474 00:26:08,240 --> 00:26:10,919 Speaker 1: if they do talk in Washington, d C. You've got 475 00:26:11,000 --> 00:26:12,959 Speaker 1: to make sure that you're out here for it. Sarah McGregor, 476 00:26:13,000 --> 00:26:16,919 Speaker 1: Bloomberg Senior Trade Editor. We appreciate her time coming up 477 00:26:16,920 --> 00:26:21,560 Speaker 1: Panel Reacts Sarah Kim, Republican strategist. Richard Fowler, the Democrat, 478 00:26:21,640 --> 00:26:25,640 Speaker 1: nationally syndicated radio show host. I'm Kevin Cirelli, Chief Washington 479 00:26:25,720 --> 00:26:29,040 Speaker 1: correspondent for Bloomberg Television and Bloomberg Radio. You can download 480 00:26:29,040 --> 00:26:32,199 Speaker 1: the Bloomberg Sound on podcast on Apple, it tunes, at 481 00:26:32,240 --> 00:26:35,640 Speaker 1: Bloomberg dot com, or by downloading the Bloomberg Business app. 482 00:26:35,880 --> 00:26:38,320 Speaker 1: You can also find us on radio, dot Com, I 483 00:26:38,440 --> 00:26:49,520 Speaker 1: Heart Radio, and Spotify. You're listening to Bloomberg Attention Investors. 484 00:26:49,520 --> 00:26:53,200 Speaker 1: Stocks got you sideways? Worried about volatility? Then diversifying the 485 00:26:53,240 --> 00:26:56,440 Speaker 1: Class A income reducing property units for up to cash 486 00:26:56,440 --> 00:26:59,720 Speaker 1: flow national realties. Class A property fund includes only prime 487 00:26:59,760 --> 00:27:02,880 Speaker 1: and producing new construction properties. These are built far below 488 00:27:02,920 --> 00:27:05,440 Speaker 1: market value. In Brooklyn Hole Book in West New York 489 00:27:05,440 --> 00:27:08,800 Speaker 1: and Delray Beach, Florida, You're secured on high demand mid rises. 490 00:27:08,880 --> 00:27:12,800 Speaker 1: You're diversified with income from multiple properties. You're prioritized in 491 00:27:12,880 --> 00:27:16,520 Speaker 1: cash flow with substantial bank appraised equity and solid real 492 00:27:16,640 --> 00:27:19,440 Speaker 1: estate backing you National as a twelve year track record 493 00:27:19,480 --> 00:27:22,800 Speaker 1: of success with over eight hundred million dollars of property managed. 494 00:27:22,880 --> 00:27:25,320 Speaker 1: Now is the time to diversify with up to pent 495 00:27:25,400 --> 00:27:27,800 Speaker 1: apartment backed financial units for your I A or A 496 00:27:27,840 --> 00:27:30,719 Speaker 1: monthly cash flow. Once you see these Class A locations, 497 00:27:30,880 --> 00:27:33,119 Speaker 1: you'll wonder what toque So long to call two O 498 00:27:33,280 --> 00:27:35,760 Speaker 1: one two on oh two seven to seven called two 499 00:27:35,800 --> 00:27:38,280 Speaker 1: oh one two one oh two seven to seven. An 500 00:27:38,280 --> 00:27:40,120 Speaker 1: offer to buy your sell any security is only made 501 00:27:40,119 --> 00:27:42,840 Speaker 1: by our private placement memorandum. Read it first and invest wisely. 502 00:27:42,840 --> 00:27:45,600 Speaker 1: Past performances don't guarantee a future results. Nationalist a real 503 00:27:45,720 --> 00:27:47,440 Speaker 1: estate development firm c s at n r I A 504 00:27:47,600 --> 00:27:51,480 Speaker 1: dot net James. Great to see you. It's been too long, Hi, Janice. 505 00:27:51,600 --> 00:27:54,280 Speaker 1: It sure has is what I heard true? Your company 506 00:27:54,359 --> 00:27:57,000 Speaker 1: hired a new head of talent management, and not exactly. 507 00:27:57,040 --> 00:27:59,679 Speaker 1: She's temporary for now, but she's working out great and 508 00:27:59,720 --> 00:28:02,680 Speaker 1: save us money. A temporary head of talent management. I 509 00:28:02,680 --> 00:28:04,960 Speaker 1: didn't even know that was possible. Wait, haven't you heard 510 00:28:04,960 --> 00:28:08,760 Speaker 1: of Serious? Should I have? Yes? Serious Executives. They allow 511 00:28:08,760 --> 00:28:12,000 Speaker 1: you to hire qualified, vetted executives on a temporary, part 512 00:28:12,000 --> 00:28:14,840 Speaker 1: time or interim basis. Wow, I need to make my 513 00:28:14,880 --> 00:28:18,000 Speaker 1: operations more efficient. I could really use some help. You 514 00:28:18,000 --> 00:28:20,359 Speaker 1: should give Serious to try. Our company had a special 515 00:28:20,359 --> 00:28:23,520 Speaker 1: project recently and we hired a temporary CEO for just 516 00:28:23,680 --> 00:28:26,480 Speaker 1: one day a week. This will be perfect for us. 517 00:28:26,800 --> 00:28:29,040 Speaker 1: How is serious spelled with the C C E r 518 00:28:29,119 --> 00:28:33,280 Speaker 1: I U S C E r i U S. Got it? Jannis, 519 00:28:33,320 --> 00:28:36,280 Speaker 1: you are a lifesaver. Make the right higher the first time. 520 00:28:36,520 --> 00:28:39,680 Speaker 1: Cover your company's leadership staffing gap on an interim, temporary 521 00:28:39,840 --> 00:28:42,360 Speaker 1: or part time basis in less than a week. Learn 522 00:28:42,400 --> 00:28:45,720 Speaker 1: more at Serious Executives dot com, c E r I 523 00:28:46,000 --> 00:28:49,720 Speaker 1: U S Executives dot com. Why do hedge funds and 524 00:28:49,800 --> 00:28:54,640 Speaker 1: other alternative managers remi on Pershing? Mark Aldratti, a managing 525 00:28:54,640 --> 00:28:57,360 Speaker 1: director at b n Y Mellin's Pershing and head of 526 00:28:57,400 --> 00:29:02,200 Speaker 1: Prime Services, explains, in today's environment of market volatility, Pershing's 527 00:29:02,200 --> 00:29:04,920 Speaker 1: Prime Services is well positioned to support the needs of 528 00:29:04,920 --> 00:29:08,680 Speaker 1: hedge funds and other alternative investment managers, whether it's customized 529 00:29:08,720 --> 00:29:13,080 Speaker 1: financing or securities lending solutions, platform access or business expansion. 530 00:29:13,480 --> 00:29:16,160 Speaker 1: Being y Melons, Pershing is a prime broker who's committed 531 00:29:16,160 --> 00:29:19,560 Speaker 1: to this business and agile enough to meet your evolving demands. 532 00:29:20,200 --> 00:29:23,240 Speaker 1: Pershing helps to solve the needs of clients by advocating 533 00:29:23,280 --> 00:29:26,880 Speaker 1: for them, providing unwavering strength, deep supply, and award winning 534 00:29:26,920 --> 00:29:29,320 Speaker 1: service that is at the core of everything we do. 535 00:29:29,800 --> 00:29:33,040 Speaker 1: Find out what sets Pershing's Prime Brokerage team apartment. Learn 536 00:29:33,080 --> 00:29:36,200 Speaker 1: more about the unique and industry leading solutions for hedge 537 00:29:36,200 --> 00:29:39,600 Speaker 1: funds and other alternative managers offered by b and Y 538 00:29:39,720 --> 00:29:43,880 Speaker 1: Melons Pershing. Visit our website at Pershing dot com. Pershing 539 00:29:44,040 --> 00:29:49,040 Speaker 1: LLC member Finra n y s E Sippic. Every day 540 00:29:49,080 --> 00:29:52,600 Speaker 1: one forty nine thousand c f A charter holders worldwide 541 00:29:52,720 --> 00:29:55,240 Speaker 1: demonstrate that they measure up to the highest standards of 542 00:29:55,240 --> 00:29:59,400 Speaker 1: ethics and professional conduct. And Investment Management c FA Institute, 543 00:29:59,560 --> 00:30:02,400 Speaker 1: Let's You're up, get started and let's measure up dot 544 00:30:02,480 --> 00:30:08,520 Speaker 1: org with him Wealth Management offers investment and wealth advisory 545 00:30:08,560 --> 00:30:12,880 Speaker 1: services to high net worth individuals and institutions. Putting your 546 00:30:12,920 --> 00:30:17,240 Speaker 1: interests first. Visit with him wealth dot com for more information. 547 00:30:20,840 --> 00:30:24,160 Speaker 1: Bloomberg Business Time in the district five thirty. We check 548 00:30:24,240 --> 00:30:29,440 Speaker 1: drivetime traffic every fifteen minutes on Bloomberg. Jaren Galbreath give 549 00:30:29,480 --> 00:30:32,720 Speaker 1: us the latest on the Beltway. Well, Nancy, as you 550 00:30:32,760 --> 00:30:34,600 Speaker 1: can guess, it's pretty backed up on the Beltway got 551 00:30:34,600 --> 00:30:37,600 Speaker 1: more than sixty minutes before. Drivers on the Antelope between 552 00:30:37,600 --> 00:30:39,840 Speaker 1: Old Dorstown Road all the way over through to Ritchie 553 00:30:39,880 --> 00:30:42,680 Speaker 1: Marlborough Road out of the Bonslo slogo at the bottom 554 00:30:42,720 --> 00:30:44,680 Speaker 1: of the Bellway in Alexandria between the Eyes and Our 555 00:30:44,760 --> 00:30:47,400 Speaker 1: Avenue connector and the Wilson Bridge can also be tamping 556 00:30:47,400 --> 00:30:49,560 Speaker 1: on the brakes on the Outerlooper de lanes continued between 557 00:30:49,560 --> 00:30:51,960 Speaker 1: Arena driving up through to the Green Belt and also 558 00:30:52,080 --> 00:30:54,840 Speaker 1: you'll be in slogo volume in McLean on the outerlop 559 00:30:54,840 --> 00:30:57,080 Speaker 1: between the Dallas Toll Road, interchanging over to the Little 560 00:30:57,240 --> 00:30:59,680 Speaker 1: River turn night those a laser more than twenty minutes. 561 00:31:00,000 --> 00:31:02,080 Speaker 1: Bomber ninety nine one Traffic and weather. It's sponsored by 562 00:31:02,200 --> 00:31:04,520 Speaker 1: vals Bar. Right now bring home vals Bar paint and 563 00:31:04,560 --> 00:31:06,800 Speaker 1: stay from lows. Get fifteen off a gallon and forty 564 00:31:06,840 --> 00:31:09,520 Speaker 1: five off a gallon pail valid now through September four. 565 00:31:09,760 --> 00:31:12,240 Speaker 1: Be a mail in real bit rebate exclusions of y 566 00:31:12,280 --> 00:31:15,280 Speaker 1: seat lows, dot com slash paint, traffic and whither. Every 567 00:31:15,280 --> 00:31:17,160 Speaker 1: fifteen minutes on the Belway area is only twenty fo 568 00:31:17,200 --> 00:31:20,720 Speaker 1: hour Business station Bloomberg five seven F M h T T. 569 00:31:21,560 --> 00:31:24,520 Speaker 1: Thanks so much, Tarin Now the Bloomberg one three day 570 00:31:24,560 --> 00:31:27,360 Speaker 1: weather forecast. We're gonna see a few clouds out there Tonight, 571 00:31:27,440 --> 00:31:31,360 Speaker 1: lows near seventy degrees. The sunshine, though, will be back tomorrow. 572 00:31:31,400 --> 00:31:34,560 Speaker 1: We have the chance of a late day shower. Are 573 00:31:34,640 --> 00:31:37,719 Speaker 1: high tomorrow near ninety and then tomorrow night maybe some 574 00:31:37,760 --> 00:31:41,960 Speaker 1: evening showers. Lows again like tonight near seventy and for Thursday, 575 00:31:42,040 --> 00:31:45,120 Speaker 1: lingering clouds not as warm. Are high on Thursday close 576 00:31:45,200 --> 00:31:48,920 Speaker 1: to eighty degrees. Checking our temperatures right now. It is 577 00:31:48,960 --> 00:31:52,840 Speaker 1: eight eight in Washington, five in Baltimore Bloomberg Business Time 578 00:31:52,920 --> 00:31:55,680 Speaker 1: five thirty one. Here are the top stories in and 579 00:31:55,720 --> 00:31:58,520 Speaker 1: around the district and across the globe. Lawmakers in the 580 00:31:58,640 --> 00:32:01,440 Speaker 1: UK have voted to a ow parliament to debate a 581 00:32:01,440 --> 00:32:03,920 Speaker 1: cross party bill that would block Britain from leaving the 582 00:32:03,960 --> 00:32:07,160 Speaker 1: European Union without a deal. The vote is a blow 583 00:32:07,200 --> 00:32:11,040 Speaker 1: to Conservative Prime Minister Boris Johnson. Parliament is on the 584 00:32:11,080 --> 00:32:13,440 Speaker 1: brink of wrecking. Any deal that we might be able 585 00:32:13,480 --> 00:32:21,560 Speaker 1: to describe would hand control of the negotiations to the EU, 586 00:32:21,680 --> 00:32:26,760 Speaker 1: and that would mean more, more delay and more confusion. 587 00:32:27,280 --> 00:32:30,200 Speaker 1: Johnson is now challenging his opposition to support an early 588 00:32:30,320 --> 00:32:33,120 Speaker 1: general election next month in order to prevent a delay 589 00:32:33,160 --> 00:32:37,160 Speaker 1: to Brexit. The Federal Emergency Management Agency says Hurricane Dorian 590 00:32:37,240 --> 00:32:40,160 Speaker 1: is still expected to bring life threatening storm surges, even 591 00:32:40,160 --> 00:32:43,280 Speaker 1: as it was downgraded to a category to hurricane today. 592 00:32:43,640 --> 00:32:47,720 Speaker 1: FEMA Associate Administrator Carlos Castillo says residents along the East 593 00:32:47,720 --> 00:32:50,680 Speaker 1: Coast should be prepared to evacuate if necessary, and should 594 00:32:50,680 --> 00:32:55,239 Speaker 1: heat any evacuation orders from local officials. DC officials are 595 00:32:55,280 --> 00:32:59,680 Speaker 1: expanding their investigation into illegal rooming houses in the District. 596 00:33:00,160 --> 00:33:02,680 Speaker 1: A fire and a crowded illegal rooming house last month 597 00:33:02,720 --> 00:33:04,520 Speaker 1: killed a nine year old boy and a forty year 598 00:33:04,560 --> 00:33:07,200 Speaker 1: old man, and now four employees with DC Fire and 599 00:33:07,240 --> 00:33:10,320 Speaker 1: the DC Department of Consumer and Regulatory Affairs are placed 600 00:33:10,320 --> 00:33:13,800 Speaker 1: on leave. Channel four reports police and inspectors executed a 601 00:33:13,840 --> 00:33:16,480 Speaker 1: search warrant over the weekend at another house on fourteen 602 00:33:16,560 --> 00:33:19,960 Speaker 1: Street Northwest. They found nine separate rental units and multiple 603 00:33:20,000 --> 00:33:23,880 Speaker 1: code violations. D C will reopen sixty seven closed cases 604 00:33:23,920 --> 00:33:27,720 Speaker 1: into possible illegal rooming houses. Amy Morris, Bloomberg ninety nine 605 00:33:27,760 --> 00:33:30,440 Speaker 1: one and one oh five point seven fm HD two. Well, 606 00:33:30,440 --> 00:33:32,880 Speaker 1: a measure of factory activity showed that part of our 607 00:33:32,920 --> 00:33:35,320 Speaker 1: economy is shrinking for the first time in more than 608 00:33:35,360 --> 00:33:39,200 Speaker 1: three years. The Institute for Supply Managements August survey was 609 00:33:39,240 --> 00:33:41,840 Speaker 1: a surprise for Wall Street, and not a happy one. 610 00:33:42,160 --> 00:33:45,000 Speaker 1: So the Dow dropped two eighty five points, the nasdec 611 00:33:45,120 --> 00:33:49,200 Speaker 1: was down eighty nine, the SMP lost twenty. Bloomberg Sound 612 00:33:49,240 --> 00:33:52,080 Speaker 1: On with Kevin Cirelli continues on Nancy Lions. This is 613 00:33:52,080 --> 00:33:55,720 Speaker 1: Bloomberg and one oh five point seven fm h D two. 614 00:33:58,560 --> 00:34:01,480 Speaker 1: Kevin Cirelli, Chief Washington co responded from Bloomberg television and 615 00:34:01,520 --> 00:34:04,960 Speaker 1: Bloomberg Radio. We have an all star political panel to 616 00:34:05,000 --> 00:34:09,320 Speaker 1: help navigate through the election. Tyler Pagers out in the field. 617 00:34:09,360 --> 00:34:11,239 Speaker 1: We're gonna get him on the show coming up this week. 618 00:34:11,239 --> 00:34:14,080 Speaker 1: Will give us his dispatch, his dispatch from the field. 619 00:34:14,080 --> 00:34:17,360 Speaker 1: That's Sara Kim laughing. She's a Republican strategist, former senior 620 00:34:17,400 --> 00:34:21,360 Speaker 1: advisor and the Trump administration. Richard Fowler's here. Richard Fowler 621 00:34:21,440 --> 00:34:24,799 Speaker 1: is nationally syndicated radio show host on a Fox News contributor. 622 00:34:24,800 --> 00:34:26,920 Speaker 1: He's a Democrat. But Richard, you don't like the do 623 00:34:26,960 --> 00:34:29,520 Speaker 1: you call yourself a Democratic trgist? I don't like the 624 00:34:29,560 --> 00:34:33,120 Speaker 1: label democratic strategist. I just think it's such a catch all. 625 00:34:33,239 --> 00:34:34,719 Speaker 1: I mean, I actually do really like. I think a 626 00:34:34,760 --> 00:34:36,439 Speaker 1: lot of times people use that that when they don't 627 00:34:36,440 --> 00:34:38,799 Speaker 1: do real work. I've done real work, So just call 628 00:34:38,840 --> 00:34:48,239 Speaker 1: me Richard Fowler, democratic strategist. I got a lot of us, 629 00:34:48,760 --> 00:34:50,640 Speaker 1: got a lot of buzz inside of the belt Way today, 630 00:34:50,640 --> 00:34:54,439 Speaker 1: Former Vice President Joe Biden's campaign is now saying they're 631 00:34:54,440 --> 00:34:57,040 Speaker 1: now did you see this? They're now saying that Iowa 632 00:34:57,120 --> 00:35:01,000 Speaker 1: caucus isn't a must win. We're like, how many months, 633 00:35:01,040 --> 00:35:04,759 Speaker 1: Richard and their adjusting expectations. I don't know. Is this 634 00:35:04,840 --> 00:35:07,399 Speaker 1: a good sign from from the Biden campaign that they're 635 00:35:07,440 --> 00:35:10,439 Speaker 1: that they're out in September saying the Iowa caucus isn't 636 00:35:10,440 --> 00:35:13,640 Speaker 1: a must win. Is this trouble. I don't say it's trouble. 637 00:35:13,640 --> 00:35:15,040 Speaker 1: I wouldn't say it's trouble. Here's the thing, I mean, 638 00:35:15,040 --> 00:35:17,319 Speaker 1: the fields tightening. Everybody expected this field to tighten no 639 00:35:17,320 --> 00:35:19,440 Speaker 1: matter what. Right. Joe Biden still at the top of 640 00:35:19,520 --> 00:35:21,440 Speaker 1: most of the major polls. I think if you talk 641 00:35:21,520 --> 00:35:24,600 Speaker 1: to voters, if which their number one issue in both 642 00:35:24,600 --> 00:35:27,919 Speaker 1: South Carolina, New Hampshire and Iowa, electability, Joe Biden sim 643 00:35:28,239 --> 00:35:30,440 Speaker 1: still seems to fear very well. But we're also in 644 00:35:30,480 --> 00:35:35,120 Speaker 1: a stage in time in like the electorate where kids 645 00:35:35,120 --> 00:35:37,440 Speaker 1: are just going back to school today, just going back 646 00:35:37,440 --> 00:35:40,720 Speaker 1: to school tomorrow. Now parents and voters are finally honing 647 00:35:40,760 --> 00:35:43,359 Speaker 1: in on the election. Uh, and the name that they 648 00:35:43,400 --> 00:35:45,680 Speaker 1: know is Joe Biden. So I think for the Biden camp, 649 00:35:45,680 --> 00:35:47,239 Speaker 1: what they're what you're going to see them do over 650 00:35:47,239 --> 00:35:49,680 Speaker 1: the next couple of days is hopefully they'll start rolling 651 00:35:49,680 --> 00:35:52,319 Speaker 1: out some policy positions as to why they think their 652 00:35:52,360 --> 00:35:54,600 Speaker 1: Candiday is very sick, their their candidacy is the best 653 00:35:54,600 --> 00:35:56,920 Speaker 1: one to take on Donald Trump. And with the debate 654 00:35:56,960 --> 00:35:58,920 Speaker 1: coming just a couple of days away from now, this 655 00:35:58,960 --> 00:36:00,560 Speaker 1: will be the first time that you get to see 656 00:36:00,560 --> 00:36:03,080 Speaker 1: the top ten contenders on the same stage. Will be 657 00:36:03,080 --> 00:36:04,680 Speaker 1: the first time you get to see number one and 658 00:36:04,800 --> 00:36:08,000 Speaker 1: number two Biden versus Elizabeth Warren. I mean, I think 659 00:36:08,000 --> 00:36:12,360 Speaker 1: it's quite senile of Biden to diminish the Iowa caucuses 660 00:36:12,400 --> 00:36:14,560 Speaker 1: while he still has six more months to go, if 661 00:36:14,600 --> 00:36:17,200 Speaker 1: for no other reason than the fact that there is 662 00:36:17,200 --> 00:36:22,080 Speaker 1: a critical senatorial re election campaign for Jonie Eartht and 663 00:36:22,120 --> 00:36:24,759 Speaker 1: the Democrats need to only take back three seats to 664 00:36:24,880 --> 00:36:29,800 Speaker 1: essentially succeed control away from my favorite majority leader, Mitch McConnell. 665 00:36:30,120 --> 00:36:33,560 Speaker 1: So if the Democratic standard bearer or wanna be standard bearer, 666 00:36:33,840 --> 00:36:37,359 Speaker 1: diminishes Iowa, and then he goes to New Hampshire, which 667 00:36:37,440 --> 00:36:40,759 Speaker 1: also has a critical Senate re election campaign, and diminishes 668 00:36:40,800 --> 00:36:43,399 Speaker 1: that for being senile as well. On the other side 669 00:36:43,440 --> 00:36:46,360 Speaker 1: of the aisle, you have a very strategic president who 670 00:36:46,440 --> 00:36:51,200 Speaker 1: eviscerates people for anything. You know, I'm laughing because he 671 00:36:51,320 --> 00:36:58,120 Speaker 1: called Donald Trump strategic um, but I'll give you that. 672 00:36:58,239 --> 00:36:59,680 Speaker 1: But I think to look at I think you're looking 673 00:36:59,680 --> 00:37:01,640 Speaker 1: at this map the wrong way. I think how I 674 00:37:01,640 --> 00:37:03,560 Speaker 1: look at the cinemap is this way. You have Now 675 00:37:03,600 --> 00:37:07,000 Speaker 1: we have two seats open in Georgia, where Stacy Abrams, 676 00:37:07,000 --> 00:37:10,879 Speaker 1: the former gubernatorial can only lost a seat by she's 677 00:37:10,880 --> 00:37:13,480 Speaker 1: not running, But it doesn't mean that those seats aren't vulnerable. 678 00:37:13,520 --> 00:37:15,440 Speaker 1: We also now have John hick and Looper, who will 679 00:37:15,480 --> 00:37:18,040 Speaker 1: likely former governor of Colorado, who will most likely enter 680 00:37:18,080 --> 00:37:20,879 Speaker 1: the race in Colorado, which puts that seat very much 681 00:37:20,880 --> 00:37:25,080 Speaker 1: in Democratic hands, as well as the the Arizona seat 682 00:37:25,160 --> 00:37:29,959 Speaker 1: between um, you see four seats, yeah, I mean Mark, 683 00:37:30,040 --> 00:37:32,680 Speaker 1: I mean Gabby Gifford, husband is doing a very good job. 684 00:37:32,719 --> 00:37:36,160 Speaker 1: But Richard the Democrats sees about four seats that are 685 00:37:36,200 --> 00:37:38,080 Speaker 1: up for grams that could lean Democratic. And how many 686 00:37:38,080 --> 00:37:40,560 Speaker 1: did the Republicans see? This is important? I mean I 687 00:37:40,719 --> 00:37:44,839 Speaker 1: see potentially three, which three well, So I definitely would 688 00:37:44,840 --> 00:37:47,319 Speaker 1: say hicken Limber is not an issue because he still 689 00:37:47,320 --> 00:37:51,439 Speaker 1: has to go through fifty Democratic. So I would say 690 00:37:51,520 --> 00:37:54,640 Speaker 1: Georgia is very interesting. I would say New Hampshire is 691 00:37:54,640 --> 00:37:58,120 Speaker 1: obviously very interesting. And I also think Arizona because it 692 00:37:58,280 --> 00:38:02,480 Speaker 1: is Mark Kelly and his wife seriously injured, and I 693 00:38:02,480 --> 00:38:04,680 Speaker 1: think to look at this race without also talking about 694 00:38:04,719 --> 00:38:07,400 Speaker 1: the issues of guns is also I mean, you have 695 00:38:07,480 --> 00:38:09,840 Speaker 1: to think about how guns play into this, right, and 696 00:38:09,880 --> 00:38:12,120 Speaker 1: if you're talk if you're talking to suburban mothers and 697 00:38:12,280 --> 00:38:15,239 Speaker 1: air a group that Republicans lost in twenty eighteen, and 698 00:38:15,239 --> 00:38:17,560 Speaker 1: even if you're talking to any any amen in r 699 00:38:17,600 --> 00:38:19,280 Speaker 1: A members for that matter. And I had a conversation 700 00:38:19,320 --> 00:38:21,360 Speaker 1: with Frank Lance about this. Who've done some focus groups 701 00:38:21,400 --> 00:38:23,840 Speaker 1: around n r A members, and most n A members 702 00:38:23,840 --> 00:38:26,480 Speaker 1: believe in background checks, they believe in assault weapons ban, 703 00:38:26,560 --> 00:38:29,319 Speaker 1: and yet still this Congress has done nothing. All Right, 704 00:38:29,400 --> 00:38:32,040 Speaker 1: we're getting I wanted to do a segment, but as 705 00:38:32,080 --> 00:38:34,319 Speaker 1: Tom Kings says, we've ripped up the script, we're gonna 706 00:38:34,400 --> 00:38:39,759 Speaker 1: go with this, and Christine Rod says, Kevi, it's part 707 00:38:39,760 --> 00:38:42,719 Speaker 1: of the chart of the show is free flowing, kind 708 00:38:42,760 --> 00:38:44,440 Speaker 1: of feels a little off focus. We're gonna get a 709 00:38:44,480 --> 00:38:46,480 Speaker 1: back on track. You want to respond at The only 710 00:38:46,520 --> 00:38:49,319 Speaker 1: thing I would say is Vice President Biden formed a 711 00:38:49,400 --> 00:38:52,760 Speaker 1: working group after one of the most horrific gun violence 712 00:38:52,800 --> 00:38:56,879 Speaker 1: incidents in Connecticut where we had almost thirty school aged 713 00:38:56,920 --> 00:38:59,719 Speaker 1: children kill, not school aged like little kids like five 714 00:38:59,800 --> 00:39:03,560 Speaker 1: year Yeah, and so I just think that on both 715 00:39:03,560 --> 00:39:06,680 Speaker 1: sides of the aisle, they are unwilling to do anything. 716 00:39:06,760 --> 00:39:09,920 Speaker 1: And to say that gun control is a major issue 717 00:39:10,120 --> 00:39:12,880 Speaker 1: diminishes the fact that the number one issue in every 718 00:39:12,880 --> 00:39:15,640 Speaker 1: election is always the economy. So I'm glad you brought 719 00:39:15,680 --> 00:39:17,759 Speaker 1: up the Biden Joe Biden's working group. And if you 720 00:39:17,760 --> 00:39:19,840 Speaker 1: talk to the Vice President or any member of Congress 721 00:39:19,840 --> 00:39:21,279 Speaker 1: who was on that working group, they will tell you 722 00:39:21,280 --> 00:39:24,120 Speaker 1: who derailed it, and it's one name. It's your favorite majority. 723 00:39:24,160 --> 00:39:26,040 Speaker 1: Like you said a couple of minutes ago, Mitch McConnell, 724 00:39:26,719 --> 00:39:30,080 Speaker 1: I seriously doubt that Uncle Mitch, as I like to 725 00:39:30,120 --> 00:39:32,560 Speaker 1: call him, is the only reason why it didn't happen 726 00:39:32,880 --> 00:39:34,880 Speaker 1: if the vote went on, if the bill was I 727 00:39:34,920 --> 00:39:36,960 Speaker 1: just want to read a disclaimer. Michael Bloomberg. He's the 728 00:39:36,960 --> 00:39:39,920 Speaker 1: owner of Bloomberg LP, the parent company of Bloomberg News, 729 00:39:40,000 --> 00:39:42,680 Speaker 1: founded and helps fund every Town for Gun Safety, a 730 00:39:42,719 --> 00:39:46,560 Speaker 1: nonprofit that advocates for universal background checks and other gun 731 00:39:46,680 --> 00:39:50,680 Speaker 1: violence prevention measures. Coming up, we're gonna talk more with 732 00:39:50,760 --> 00:39:55,000 Speaker 1: the panel about and in particular, if Joe Biden doesn't 733 00:39:55,000 --> 00:39:57,319 Speaker 1: win the Iowa caucus and Joe Biden doesn't win the 734 00:39:57,320 --> 00:40:00,279 Speaker 1: New Hampshire primary, does Joe Biden have to win South 735 00:40:00,320 --> 00:40:03,560 Speaker 1: Carolina Panel stays Sary Kim Richard Fowler. You can download 736 00:40:03,560 --> 00:40:06,480 Speaker 1: the Bloomberg Sound on podcasts on Apple iTunes, at Bloomberg 737 00:40:06,480 --> 00:40:08,840 Speaker 1: dot com, or by downloading the Bloomberg Business App. You 738 00:40:08,880 --> 00:40:11,320 Speaker 1: can also find us on Radio dot Com, I Heart Radio, 739 00:40:11,360 --> 00:40:14,840 Speaker 1: and Spotify. I'm Kevin Sirelli, Chief Washington correspondent for Bloomberg 740 00:40:14,840 --> 00:40:25,280 Speaker 1: Television Bloomberg Radio. You're listening to Bloomberg? Is your brand 741 00:40:25,360 --> 00:40:30,560 Speaker 1: growing products and services? Selling? Is your advertising making an impression, 742 00:40:30,920 --> 00:40:36,960 Speaker 1: sparking sales, educating customers. Many brands today are undermarketed, not 743 00:40:37,040 --> 00:40:41,240 Speaker 1: because budgets are too small, but because advertising is poorly planned. 744 00:40:41,800 --> 00:40:45,560 Speaker 1: Your agency must identify a clear objective, create a solid 745 00:40:45,600 --> 00:40:50,600 Speaker 1: strategy and target the right audience. It must research the competition, 746 00:40:51,160 --> 00:40:55,640 Speaker 1: leverage your unique selling proposition, craft a comprehensive, measurable multi 747 00:40:55,680 --> 00:41:01,320 Speaker 1: platform media plan, and populated with smart creative Bluetooth Creative Group, 748 00:41:01,560 --> 00:41:05,279 Speaker 1: a leading metro area advertising and marketing solutions provider, is 749 00:41:05,320 --> 00:41:10,320 Speaker 1: an expert at producing strategic effective advertising from broadcast, printing 750 00:41:10,360 --> 00:41:15,359 Speaker 1: collateral to digital, social, retail and sales promotions, so your 751 00:41:15,400 --> 00:41:20,399 Speaker 1: brand promise can generate sales Bluetooth Creative Group. Learn more 752 00:41:20,600 --> 00:41:25,360 Speaker 1: at Bluetooth Creative dot com. Robert Cohen holds three degrees 753 00:41:25,400 --> 00:41:28,920 Speaker 1: from New Jersey Institute of Technology. Today he leads research 754 00:41:28,960 --> 00:41:32,759 Speaker 1: and development for medical device maker Striker Corporation. He also 755 00:41:32,800 --> 00:41:35,719 Speaker 1: helps Striker recruit top talent from universities like n j 756 00:41:35,920 --> 00:41:38,960 Speaker 1: I T. If you look at where nj I two 757 00:41:39,040 --> 00:41:41,960 Speaker 1: students are going go to a career fair, there are 758 00:41:42,040 --> 00:41:44,560 Speaker 1: lines of companies that want to get into the career fair, 759 00:41:44,640 --> 00:41:48,239 Speaker 1: and it's because they see those students as practical innovative. 760 00:41:48,520 --> 00:41:50,960 Speaker 1: I can tell you for a fact because we hire 761 00:41:51,000 --> 00:41:55,080 Speaker 1: many nj I T graduates. These students can contribute right 762 00:41:55,200 --> 00:41:57,440 Speaker 1: from the get go. The guy who reports to me, 763 00:41:57,440 --> 00:41:59,480 Speaker 1: who's in charge of all my implant development n I 764 00:41:59,760 --> 00:42:01,600 Speaker 1: grant the guy who reports them in charge of all 765 00:42:01,640 --> 00:42:04,719 Speaker 1: my robotics development ng I T grad They contributed to 766 00:42:04,840 --> 00:42:07,520 Speaker 1: development cycle. They contribute to the test in do we 767 00:42:07,560 --> 00:42:11,080 Speaker 1: have NGT graduates and manufacturing? We have NGT graduates and 768 00:42:11,160 --> 00:42:14,240 Speaker 1: quality assurance. We have NGI T graduates in our computer science. 769 00:42:14,520 --> 00:42:17,120 Speaker 1: These students are some of our best n j I 770 00:42:17,239 --> 00:42:21,000 Speaker 1: T New Jersey Institute of Technology. Learn more at Stories 771 00:42:21,000 --> 00:42:23,439 Speaker 1: of Innovation dot n j I T dot E du 772 00:42:26,320 --> 00:42:30,680 Speaker 1: you're NBC Sports Radio updating now. Is Zekiel Lelli and 773 00:42:30,680 --> 00:42:33,440 Speaker 1: the Dallas Cowboys close to a new deal. According to 774 00:42:33,440 --> 00:42:36,360 Speaker 1: Pro Football Talk and NBC Sports Radio Zone Mike Florio, 775 00:42:36,440 --> 00:42:39,640 Speaker 1: he could get done as early as sometime today. Six years, 776 00:42:39,719 --> 00:42:43,600 Speaker 1: ninety million dollars, other numbers being thrown around. Meanwhile, Cowboys 777 00:42:43,600 --> 00:42:46,440 Speaker 1: do lock up offensive tackle Layo Collins a five year, 778 00:42:46,520 --> 00:42:49,560 Speaker 1: fifty million dollar extension. Five million of that is guaranteed 779 00:42:49,760 --> 00:42:52,480 Speaker 1: the most guaranteed money in history given to a right 780 00:42:52,560 --> 00:42:56,040 Speaker 1: tackle Major League Baseball. Just one afternoon matchup front end 781 00:42:56,080 --> 00:42:58,120 Speaker 1: of a double headered bottom of the eighth Orioles a 782 00:42:58,200 --> 00:43:00,080 Speaker 1: three to two lead at the Tampa Bay Race. Re 783 00:43:00,200 --> 00:43:03,319 Speaker 1: big matchups on the docket tonight, Nationals hosting the Mets. 784 00:43:03,320 --> 00:43:06,960 Speaker 1: How about this pitching duo Jacob deGrom versus Max Scherzer 785 00:43:06,960 --> 00:43:10,080 Speaker 1: of Washington the favorite minus one thirty five twins at 786 00:43:10,120 --> 00:43:13,280 Speaker 1: the Red Sox Boston the favorite minus one thirty seven. Meanwhile, 787 00:43:13,560 --> 00:43:16,720 Speaker 1: the Brewers are hosting the Astros Houston minus one fifty. 788 00:43:16,719 --> 00:43:19,680 Speaker 1: College football eight P Top twenty five Week two rankings 789 00:43:19,680 --> 00:43:23,200 Speaker 1: Clemson one, Alabama to Georgia is three. I'm Dan Swartsman. 790 00:43:23,280 --> 00:43:29,160 Speaker 1: This is NBC Sports Radio. Welcome back to no Brainer. 791 00:43:29,320 --> 00:43:32,239 Speaker 1: Gary Okay, Cars and trucks, what's the best way to 792 00:43:32,280 --> 00:43:35,080 Speaker 1: protect your engine from gum, varnish and corrosion. Stay Bill 793 00:43:35,120 --> 00:43:37,960 Speaker 1: three sixty Gasoline with ethanol can go bed and as 794 00:43:38,000 --> 00:43:41,440 Speaker 1: little as blank thirty days using stay Bill three sixty 795 00:43:41,480 --> 00:43:44,080 Speaker 1: youth and all treatment year round is what is it? 796 00:43:44,160 --> 00:43:47,719 Speaker 1: A no brainer? It is? You win peace of mind? 797 00:43:47,800 --> 00:43:52,240 Speaker 1: Garry awesome? Can I have money? Stay Bilt three sixty 798 00:43:52,480 --> 00:43:54,719 Speaker 1: It's a no brainer available where a few out of 799 00:43:54,719 --> 00:43:59,200 Speaker 1: tips are sold. NAPA Now at NAPPA Auto Parts Stores 800 00:43:59,239 --> 00:44:01,920 Speaker 1: and NAPA Auto Care Centers, get a twenty dollar prepaid 801 00:44:01,960 --> 00:44:04,200 Speaker 1: piecea gift card when you buy oil, air and cabin 802 00:44:04,280 --> 00:44:07,440 Speaker 1: air filters. Because let's be honest, you probably don't remember 803 00:44:07,480 --> 00:44:09,879 Speaker 1: the last time you changed him. So buy all three 804 00:44:09,880 --> 00:44:12,680 Speaker 1: filters at your local NAVA and get twenty bucks back. 805 00:44:13,040 --> 00:44:15,880 Speaker 1: Do it yourself or haven't done for you? That's NAVA 806 00:44:15,920 --> 00:44:20,520 Speaker 1: Now that participating NAPA Auto Parts stores and NAPA Autocare 807 00:44:20,560 --> 00:44:23,359 Speaker 1: centers limit two prepaid cards per household while supplies last 808 00:44:23,440 --> 00:44:28,480 Speaker 1: offer ends ten thirty one. Bloomberg Business Time in the 809 00:44:28,520 --> 00:44:32,480 Speaker 1: District five four Time for drivetime traffic every fifteen minutes 810 00:44:32,520 --> 00:44:37,920 Speaker 1: on Bloomberg Taren Galbreth. What's the latest on the Beltway, Well, Nancy, 811 00:44:37,960 --> 00:44:40,040 Speaker 1: we have a very bad accident on the Bellway on 812 00:44:40,120 --> 00:44:43,080 Speaker 1: the south Found lanes are closed into Merryville. For drivers 813 00:44:43,120 --> 00:44:46,600 Speaker 1: driving on the Outerloot between Lee Highway approaching Gallows Road, 814 00:44:46,880 --> 00:44:49,880 Speaker 1: you'll be ast not very little go with heavy congestion 815 00:44:49,960 --> 00:44:52,680 Speaker 1: from the Dallas Poward inter connection. It's pretty much a 816 00:44:52,680 --> 00:44:54,640 Speaker 1: parking lot over that stretch to want avoided if at 817 00:44:54,680 --> 00:44:57,920 Speaker 1: all possible. Out of love. Also Slogo and Alexandria. Between 818 00:44:57,960 --> 00:45:00,359 Speaker 1: Eyes and Our Avenue connector and the Wilson Bridge. You'll 819 00:45:00,400 --> 00:45:02,520 Speaker 1: also be tapping on the break Brouder Loop. The lays 820 00:45:02,560 --> 00:45:04,759 Speaker 1: continue between Arena Drive on up there to the Green 821 00:45:04,800 --> 00:45:07,200 Speaker 1: Belt top of the Beltway. Also off and on congestion 822 00:45:07,280 --> 00:45:09,359 Speaker 1: for you on the outer loop in the Silver Spring 823 00:45:09,360 --> 00:45:12,640 Speaker 1: area between Georgia Avenue over Threw two seventy and the Interloop. 824 00:45:12,760 --> 00:45:14,960 Speaker 1: Not much better news for you. Still more than sixty 825 00:45:15,000 --> 00:45:17,320 Speaker 1: minutes of break mine for you, with often on congestion 826 00:45:17,480 --> 00:45:20,480 Speaker 1: between Old Georgetown Road over through to Rotie Marlborough Road. 827 00:45:20,760 --> 00:45:23,080 Speaker 1: Traffic and weather every fifteen minutes on the Belie area 828 00:45:23,120 --> 00:45:25,759 Speaker 1: is only twenty four hour business station Bloomberg nine one 829 00:45:25,760 --> 00:45:27,759 Speaker 1: and one on five points even F m h D two. 830 00:45:27,920 --> 00:45:31,399 Speaker 1: Thanks Nancy, Thank you, teren. Now the Bloomberg one three 831 00:45:31,480 --> 00:45:34,440 Speaker 1: day weather forecast, clear to partly cloudy skies. Tonight blows 832 00:45:34,480 --> 00:45:38,200 Speaker 1: near seventy. Tomorrow sunny but maybe a late afternoon shower. 833 00:45:38,320 --> 00:45:41,960 Speaker 1: Are high tomorrow near ninety. Tomorrow night, some lingering evening 834 00:45:41,960 --> 00:45:45,120 Speaker 1: showers alow again near seventy, and then for Thursday, lingering 835 00:45:45,160 --> 00:45:48,120 Speaker 1: clouds not as warm. We could see a high around 836 00:45:48,200 --> 00:45:51,440 Speaker 1: eighty degrees. It is eighty eight right now in Washington, 837 00:45:51,560 --> 00:45:54,520 Speaker 1: eighty four in Baltimore. Straight ahead. Bloomberg Sound On with 838 00:45:54,600 --> 00:45:58,480 Speaker 1: Kevin Cirelli continues right here on Bloomberg and one oh 839 00:45:58,520 --> 00:46:04,239 Speaker 1: five point seven f m HD too. This is Bloomberg 840 00:46:04,440 --> 00:46:09,080 Speaker 1: Sound On with Kevin Surreley on Bloomberg and one oh 841 00:46:09,160 --> 00:46:12,720 Speaker 1: five point seven F m h D two. I'm Kevin Sirelli, 842 00:46:12,840 --> 00:46:16,319 Speaker 1: Chief Washington correspondent for Bloomberg Television and Bloomberg Radio. I 843 00:46:16,360 --> 00:46:19,600 Speaker 1: am joined by Sarah Kim, Republican strategist, former senior advisor 844 00:46:19,880 --> 00:46:23,680 Speaker 1: and the Trump Administration. Richard Fowler, nationally syndicated radio show 845 00:46:23,719 --> 00:46:26,160 Speaker 1: hosts and a Fox News contributor. I just want to 846 00:46:26,200 --> 00:46:28,399 Speaker 1: put a period on the conversation that we were having 847 00:46:28,440 --> 00:46:32,880 Speaker 1: earlier about and just to keep it narrow focus. Serai. 848 00:46:33,360 --> 00:46:36,240 Speaker 1: If Joe Biden's campaign, which they said today that Iowa 849 00:46:36,360 --> 00:46:39,280 Speaker 1: the Iowa caucus is not a must win, and Jennifer 850 00:46:39,280 --> 00:46:42,480 Speaker 1: Epstein on the Bloomberg Terminal has excellent reporting on this, 851 00:46:42,840 --> 00:46:45,160 Speaker 1: but they said they don't have to win Iowa, all right, 852 00:46:45,560 --> 00:46:48,680 Speaker 1: that must mean that the polls suggests they could lose Iowa, 853 00:46:50,000 --> 00:46:52,160 Speaker 1: and that puts a lot of pressure on them in 854 00:46:52,200 --> 00:46:55,360 Speaker 1: New Hampshire, where someone like Elizabeth Warren and Bernie Sanders 855 00:46:55,840 --> 00:47:00,440 Speaker 1: arguably would be perceived as doing potentially better already I 856 00:47:00,440 --> 00:47:04,800 Speaker 1: think one by a huge, huge margin, and against Hillary Clinton, 857 00:47:04,960 --> 00:47:08,319 Speaker 1: that puts pressure on him in South Carolina. Play that 858 00:47:08,320 --> 00:47:10,600 Speaker 1: out for me, though, Sara, how does history, how does 859 00:47:10,719 --> 00:47:13,839 Speaker 1: history illustrate why that could be problematic? I mean, that's 860 00:47:13,840 --> 00:47:16,800 Speaker 1: a really apt analysis, because if you don't have any 861 00:47:16,840 --> 00:47:19,759 Speaker 1: of the three early states as your firewall, and you 862 00:47:19,840 --> 00:47:23,040 Speaker 1: lose two of them, where all the momentum and all 863 00:47:23,080 --> 00:47:25,080 Speaker 1: the chatter is now against you and you are no 864 00:47:25,120 --> 00:47:28,320 Speaker 1: longer invincible. Kevin, you made a great point that Donald Trump, 865 00:47:28,360 --> 00:47:31,440 Speaker 1: he came in second in Iowa, he won New Hampshire, 866 00:47:31,600 --> 00:47:35,320 Speaker 1: and he blew everybody away in South Carolina. Joe Biden, 867 00:47:35,760 --> 00:47:38,800 Speaker 1: if he doesn't win South Carolina, he not only doesn't 868 00:47:38,800 --> 00:47:43,160 Speaker 1: have electability, he doesn't have invincibility, and then he's still seen. 869 00:47:43,600 --> 00:47:46,600 Speaker 1: I think it's way too It's it's well, I'm not 870 00:47:46,600 --> 00:47:48,480 Speaker 1: going to address a SNeW comment, but I think it's 871 00:47:48,520 --> 00:47:50,960 Speaker 1: way too early to look at to look at this 872 00:47:51,040 --> 00:47:52,880 Speaker 1: field in that way, right. I think this is like 873 00:47:52,920 --> 00:47:54,400 Speaker 1: I said, next week will be the first debate, like 874 00:47:54,440 --> 00:47:56,279 Speaker 1: I said last segment, where you get to see all 875 00:47:56,320 --> 00:47:59,319 Speaker 1: these contenders on stage. And I'm so excited to have 876 00:47:59,400 --> 00:48:03,600 Speaker 1: Texas barbeque. I I'm more excited forever. I'm more excited 877 00:48:03,640 --> 00:48:05,680 Speaker 1: for the debate from the barbecue. But I'll take some barbecue. 878 00:48:05,840 --> 00:48:09,480 Speaker 1: I'm excited for both, and I don't I could. I 879 00:48:09,480 --> 00:48:11,960 Speaker 1: could be watching the debate while I eat barbecue. But 880 00:48:12,000 --> 00:48:14,000 Speaker 1: I think you feller, let me give you his email 881 00:48:14,080 --> 00:48:16,960 Speaker 1: for all, But no, I think this debate will be 882 00:48:17,000 --> 00:48:18,400 Speaker 1: the first time when you get to see all of 883 00:48:18,440 --> 00:48:23,120 Speaker 1: these top tier contenders really have a conversation about the issues. Now, 884 00:48:23,160 --> 00:48:25,759 Speaker 1: I think Joe Biden has a responsibility and obligation to 885 00:48:25,800 --> 00:48:28,040 Speaker 1: perform at his best and show people why he's the 886 00:48:28,040 --> 00:48:30,480 Speaker 1: front runner. But I think you also have an opportunity 887 00:48:30,560 --> 00:48:33,840 Speaker 1: for Elizabeth Warren to delineate herself from Bernie Sanders and 888 00:48:33,840 --> 00:48:36,359 Speaker 1: shows why she's number two or a possible front run. 889 00:48:37,160 --> 00:48:40,200 Speaker 1: It's gonna be really interesting to see how Senator Warren 890 00:48:40,680 --> 00:48:43,719 Speaker 1: contrasts herself or her strategy in the third debate. But 891 00:48:43,719 --> 00:48:45,520 Speaker 1: we'll talk about that. We have plenty of time to 892 00:48:45,560 --> 00:48:49,080 Speaker 1: talk Texas barbecue. Ever, there's always never enough time to 893 00:48:49,080 --> 00:48:52,239 Speaker 1: talk sexes barbecue, but also about the debate. All right, 894 00:48:52,600 --> 00:48:55,960 Speaker 1: what has become one of my favorite favorite segments on 895 00:48:56,000 --> 00:48:59,080 Speaker 1: the show, What's on your Radar? And this is where 896 00:48:59,080 --> 00:49:01,960 Speaker 1: we talk about things on the panel that is maybe 897 00:49:02,040 --> 00:49:04,800 Speaker 1: not dominating the news or not getting as much attention 898 00:49:04,840 --> 00:49:08,439 Speaker 1: as people would have hopes, but we can talk about it. Richard, 899 00:49:08,480 --> 00:49:10,560 Speaker 1: I'm gonna start with you, what is on your radar? 900 00:49:10,719 --> 00:49:12,879 Speaker 1: I think the United States Senate and the who gets 901 00:49:12,920 --> 00:49:14,919 Speaker 1: control of it in twenties on my radar. And there's 902 00:49:14,960 --> 00:49:17,920 Speaker 1: two states that I'm really watching carefully. Obviously, I'm watching Georgia. 903 00:49:17,920 --> 00:49:20,880 Speaker 1: What you talked about last segment, which is now decrat. 904 00:49:20,920 --> 00:49:22,080 Speaker 1: I mean, we'll have to wait to see. But I 905 00:49:22,120 --> 00:49:24,000 Speaker 1: think the other seat that's even more interesting is a 906 00:49:24,040 --> 00:49:26,520 Speaker 1: seat in Maine. So a couple of weeks ago, UM, 907 00:49:26,640 --> 00:49:29,200 Speaker 1: the sitting senator of the senior Senator from me Um 908 00:49:29,200 --> 00:49:32,319 Speaker 1: Susan Collins, released a not bed, a very lengthy UTFT 909 00:49:32,400 --> 00:49:34,400 Speaker 1: talking about why she would not be voting for President 910 00:49:34,400 --> 00:49:36,040 Speaker 1: Donald Trump and all things that are wrong with the 911 00:49:36,040 --> 00:49:38,600 Speaker 1: Trump administration. I don't think it got as much air 912 00:49:38,640 --> 00:49:40,520 Speaker 1: as it should have here in Washington, but it sort 913 00:49:40,560 --> 00:49:42,560 Speaker 1: of speaks to this riff that's taking place in the 914 00:49:42,600 --> 00:49:46,440 Speaker 1: Republican Party where moderate and I would even say center 915 00:49:46,480 --> 00:49:49,920 Speaker 1: Republicans are saying being with Donald like sort of allying 916 00:49:49,960 --> 00:49:52,440 Speaker 1: ourselves with Donald Trump as you get into this election 917 00:49:53,040 --> 00:49:55,400 Speaker 1: is going to be problematic. So I think we'll be 918 00:49:55,400 --> 00:49:58,400 Speaker 1: watching on election night. You'll see one Senator John Sears, 919 00:49:58,400 --> 00:50:00,160 Speaker 1: who's been who separates up from the president, but has 920 00:50:00,200 --> 00:50:02,640 Speaker 1: not been as strong a separation from the president as 921 00:50:02,680 --> 00:50:05,520 Speaker 1: we saw Susan Collins make. Will she win in Iowa 922 00:50:05,680 --> 00:50:07,399 Speaker 1: or will she lose an Iowa for being too close 923 00:50:07,440 --> 00:50:10,239 Speaker 1: to the President and College senators. Susan Collins was, of 924 00:50:10,280 --> 00:50:14,600 Speaker 1: course the deciding vote on the Kavanaugh confirmation to get 925 00:50:14,680 --> 00:50:17,200 Speaker 1: into the Supreme Court. The Cook political report I'm reading 926 00:50:17,200 --> 00:50:20,960 Speaker 1: from the Hill newspaper. The Cook political report moved Susan 927 00:50:20,960 --> 00:50:23,200 Speaker 1: Collins Senate race to a toss up that was a 928 00:50:23,200 --> 00:50:26,600 Speaker 1: couple of weeks ago. Just as a Republican strategist operative 929 00:50:26,600 --> 00:50:29,680 Speaker 1: Serai Kim, how do you measure what's the what's the 930 00:50:29,719 --> 00:50:33,359 Speaker 1: temperature of of the New Hampshire or I'm sorry, main 931 00:50:33,560 --> 00:50:36,640 Speaker 1: Senate race with Susan Collins. Three quick things. One, Susan 932 00:50:36,680 --> 00:50:40,279 Speaker 1: Collins has always had tough reelection bids, So being in 933 00:50:40,280 --> 00:50:42,400 Speaker 1: a toss up with the Speaker of the Main House 934 00:50:42,520 --> 00:50:44,520 Speaker 1: is not that big of a deal to She gave 935 00:50:44,600 --> 00:50:46,759 Speaker 1: us Kavanaugh, and I think that's part of the reason 936 00:50:46,800 --> 00:50:49,880 Speaker 1: why I would allow her to advance like that. So 937 00:50:49,880 --> 00:50:53,080 Speaker 1: how do you how do you explain departure from the president? 938 00:50:54,320 --> 00:50:57,120 Speaker 1: And so Three, I would say it's important to have 939 00:50:57,200 --> 00:51:00,319 Speaker 1: somebody on your team that is with you send at 940 00:51:00,320 --> 00:51:02,400 Speaker 1: the time and ten percent of the time you can 941 00:51:02,440 --> 00:51:04,000 Speaker 1: go the other way. And I look to no one 942 00:51:04,040 --> 00:51:07,640 Speaker 1: other than Speaker Nancy Pelosi. She has a wild open caucus, 943 00:51:07,960 --> 00:51:11,520 Speaker 1: wild and wide, and she You are allowed to have 944 00:51:11,560 --> 00:51:15,000 Speaker 1: people within your party and so if if Senator Collins 945 00:51:15,000 --> 00:51:17,480 Speaker 1: needs some help, I'm happy to do it. But instead 946 00:51:17,480 --> 00:51:19,880 Speaker 1: of learning out, can I talk about my cool factor? 947 00:51:19,920 --> 00:51:22,880 Speaker 1: You want to, But just just just to put an 948 00:51:22,960 --> 00:51:25,520 Speaker 1: end point on on the issue of the Senate math, 949 00:51:26,480 --> 00:51:28,520 Speaker 1: most the general thinking because this is we have we 950 00:51:28,560 --> 00:51:32,920 Speaker 1: don't plenty of time, but most people think that Republicans 951 00:51:32,960 --> 00:51:36,320 Speaker 1: are in a very strong position to to regain control 952 00:51:36,360 --> 00:51:40,640 Speaker 1: of the Senate. Richard, you're saying that the margin could 953 00:51:40,680 --> 00:51:42,879 Speaker 1: be slimmer. This is the point you're making. The margin 954 00:51:42,920 --> 00:51:45,560 Speaker 1: because slimmer, but you still would I think it's listen, 955 00:51:45,560 --> 00:51:47,360 Speaker 1: I think it's an uphill battle for Democrats. But I 956 00:51:47,400 --> 00:51:49,080 Speaker 1: think what we what you have here is you have 957 00:51:49,120 --> 00:51:51,160 Speaker 1: a very good chance for Democrats to take control. You 958 00:51:51,200 --> 00:51:55,360 Speaker 1: have Arizona, Arizona special election, Colorado, Maine, two seats in Georgia, 959 00:51:55,480 --> 00:51:57,600 Speaker 1: a North Carolina Sea. Bottom line, it looks like I 960 00:51:57,960 --> 00:52:00,720 Speaker 1: have divided government, no matter what about or who takes 961 00:52:00,800 --> 00:52:03,000 Speaker 1: over for office. So if you're outside of Washington trying 962 00:52:03,040 --> 00:52:07,160 Speaker 1: to think that there could be any type of clear 963 00:52:07,200 --> 00:52:09,520 Speaker 1: waters ahead, there's not going to be. It's divided government 964 00:52:09,560 --> 00:52:11,399 Speaker 1: for at least the next four years. At least. That's 965 00:52:11,400 --> 00:52:13,799 Speaker 1: the general thinking. Sarah Kim, what's on your radar? I 966 00:52:13,880 --> 00:52:16,239 Speaker 1: know you told me, and it's interesting. Go I'm so 967 00:52:16,320 --> 00:52:18,600 Speaker 1: excited because we only talk about like nerdy things that 968 00:52:18,640 --> 00:52:22,480 Speaker 1: we all love, like trade and tariffs, but the Transportation 969 00:52:22,560 --> 00:52:25,160 Speaker 1: Security Administration. We all fly travel a lot. Richard just 970 00:52:25,239 --> 00:52:27,480 Speaker 1: can't buy from New Orleans. You just came back from 971 00:52:27,520 --> 00:52:30,400 Speaker 1: Delko on the train. Yes, I had to mention Delko 972 00:52:30,520 --> 00:52:33,120 Speaker 1: for you. How long did you go without talking about Delko? 973 00:52:33,760 --> 00:52:36,040 Speaker 1: I think it's been one show what I brought it 974 00:52:36,120 --> 00:52:40,000 Speaker 1: up for you. Okay, I'm going to get in trouble. Okay, 975 00:52:40,120 --> 00:52:43,520 Speaker 1: the Eagles are going to defeat the Washington Please, let's 976 00:52:43,520 --> 00:52:46,200 Speaker 1: not talk about the NFC East. I am from Dallas, Texas. 977 00:52:46,360 --> 00:52:49,560 Speaker 1: Let's go back to Let's go back to my news 978 00:52:49,560 --> 00:52:52,600 Speaker 1: of the day. There's Transportation Security Administration put out their 979 00:52:52,840 --> 00:52:55,439 Speaker 1: regulations on what you can and cannot bring on your 980 00:52:55,520 --> 00:53:00,640 Speaker 1: flight and um earlier this week, American Airlines allowed a 981 00:53:00,760 --> 00:53:05,279 Speaker 1: miniature pony to come on the airplane because it was 982 00:53:05,360 --> 00:53:08,480 Speaker 1: a service animal. So for all of you, for all 983 00:53:08,560 --> 00:53:10,799 Speaker 1: you mom and dads and all you little kids, if 984 00:53:10,840 --> 00:53:14,120 Speaker 1: you see a pony on your American Airlines flight, it's 985 00:53:14,160 --> 00:53:18,120 Speaker 1: because secretary A Lane House said it was okay, okay, 986 00:53:18,200 --> 00:53:20,680 Speaker 1: So I'm reading People magazine right now because you told 987 00:53:20,680 --> 00:53:24,920 Speaker 1: me about this, and I literally am watching a miniature horse. 988 00:53:25,680 --> 00:53:30,280 Speaker 1: Legitimately is like the side of it's a miniature horse, 989 00:53:30,320 --> 00:53:32,200 Speaker 1: but it clearly looks like a horse that has a 990 00:53:32,200 --> 00:53:35,680 Speaker 1: little saddle thing on it at the ticketing gait of 991 00:53:35,719 --> 00:53:40,640 Speaker 1: American Airlines And to Sarah Kim's very own reporting you made, 992 00:53:40,640 --> 00:53:42,359 Speaker 1: it points to a broader issue. There are a lot 993 00:53:42,400 --> 00:53:46,759 Speaker 1: of veterans you use service animals to travel with them, 994 00:53:46,800 --> 00:53:49,919 Speaker 1: and I've only seen dogs. I just saw one today 995 00:53:49,920 --> 00:53:51,800 Speaker 1: a dog Tag Bakery. It was a dog Tag Bakery 996 00:53:51,800 --> 00:53:54,960 Speaker 1: in Georgetown, which is an incredible place that does incredible 997 00:53:55,000 --> 00:53:59,759 Speaker 1: work for veterans and folks service members who have come back. 998 00:54:00,080 --> 00:54:02,160 Speaker 1: I just saw a service dog, but I didn't know 999 00:54:02,400 --> 00:54:05,480 Speaker 1: a horse, a miniature horse could be a service animal. 1000 00:54:05,680 --> 00:54:09,560 Speaker 1: Bull's disclosure. I am grossly allergic to horses. So serious, 1001 00:54:09,719 --> 00:54:12,680 Speaker 1: So what I think that's an interesting point though? All right, 1002 00:54:12,719 --> 00:54:16,440 Speaker 1: you know what's all my radar, Joe Mansion. I'm talking 1003 00:54:16,440 --> 00:54:20,160 Speaker 1: about the Senate. Joe Mansion is gonna not run for governor. Democrat. 1004 00:54:20,280 --> 00:54:23,000 Speaker 1: Joe Mansion of West Virginia said Tuesday, he'll remain in 1005 00:54:23,040 --> 00:54:26,040 Speaker 1: the US Senate rather than run for governor, saving his 1006 00:54:26,160 --> 00:54:29,160 Speaker 1: party from having to defend a seat next year and 1007 00:54:29,200 --> 00:54:34,200 Speaker 1: a heavily, heavily Republican state. But Richard and I don't 1008 00:54:34,200 --> 00:54:37,560 Speaker 1: mean this to throw any shade on Senator Mansion, But 1009 00:54:37,680 --> 00:54:41,000 Speaker 1: Joe Manchin is is his own type of Democrat. No, 1010 00:54:41,080 --> 00:54:43,520 Speaker 1: he is. Joe Manson is literally a Joe Mansion Democrat. 1011 00:54:44,200 --> 00:54:46,200 Speaker 1: And what makes Joe Manson of Joe man Democrat? I've 1012 00:54:46,400 --> 00:54:49,560 Speaker 1: I've worked in West Virginia for a number of uh 1013 00:54:49,600 --> 00:54:51,640 Speaker 1: and what you notice about Joe Manson anytime you walk 1014 00:54:51,680 --> 00:54:54,160 Speaker 1: through the capital, no matter what the issue is, Joe Mansion, 1015 00:54:54,200 --> 00:54:56,279 Speaker 1: whether he's a Senator or he's a governor, he's walking 1016 00:54:56,320 --> 00:54:59,440 Speaker 1: around the capital. Every voter in West Virginia knows him. 1017 00:54:59,440 --> 00:55:01,840 Speaker 1: He's willing to have a conversation with any constituent I do. 1018 00:55:03,960 --> 00:55:06,400 Speaker 1: And he's one of those individuals where he's open to 1019 00:55:06,440 --> 00:55:08,640 Speaker 1: having real conversation with his voter. Is just why over 1020 00:55:08,960 --> 00:55:10,920 Speaker 1: over and over and over again the people of West 1021 00:55:10,960 --> 00:55:15,520 Speaker 1: Virginia elect him, um Bless his heart. Senator Joe Mansion 1022 00:55:15,920 --> 00:55:18,600 Speaker 1: is an opportunist through and through and I love the 1023 00:55:18,640 --> 00:55:20,440 Speaker 1: fact that, you know, when he was trying to win 1024 00:55:20,520 --> 00:55:23,120 Speaker 1: re election two years ago, he voted with the Republican 1025 00:55:23,120 --> 00:55:26,200 Speaker 1: Party more than he voted with the Democratic Party, and 1026 00:55:26,600 --> 00:55:30,720 Speaker 1: he himself said on the record voting to confirm Brett 1027 00:55:30,800 --> 00:55:33,560 Speaker 1: Kavanaugh to the Supreme Court saved his seats. Well, let 1028 00:55:33,560 --> 00:55:34,879 Speaker 1: me push back on a little bit, because I think 1029 00:55:34,880 --> 00:55:36,279 Speaker 1: if he were to talk to Joe Manson or any 1030 00:55:36,280 --> 00:55:38,160 Speaker 1: West Virginia voter he would they wouldn't say he voted 1031 00:55:38,200 --> 00:55:40,520 Speaker 1: for the Republican Party. With the Republican Party, he voted 1032 00:55:40,560 --> 00:55:43,000 Speaker 1: for the interests of West Virginia voters. And I think, 1033 00:55:43,080 --> 00:55:45,920 Speaker 1: I mean, I actually think that that's an interesting point 1034 00:55:45,960 --> 00:55:48,360 Speaker 1: that Richard makes. I mean, he is very West Virginia. 1035 00:55:48,440 --> 00:55:50,880 Speaker 1: He is a mountaineer through and through and and on 1036 00:55:50,920 --> 00:55:53,920 Speaker 1: the issue of energy policy, I think his vote and 1037 00:55:54,040 --> 00:55:57,480 Speaker 1: his voice in the Democratic Party is incredibly interesting because 1038 00:55:58,000 --> 00:56:01,040 Speaker 1: you know, whether you're from not to give Delko another 1039 00:56:01,040 --> 00:56:04,160 Speaker 1: shout out, but whether you're from towns that are heavily 1040 00:56:04,200 --> 00:56:08,800 Speaker 1: impacted by refineries or in coal mines, it's a really 1041 00:56:08,840 --> 00:56:12,160 Speaker 1: interesting time to be to come from that part from 1042 00:56:12,200 --> 00:56:15,080 Speaker 1: those parts of the country, when there's an open debate 1043 00:56:15,120 --> 00:56:18,680 Speaker 1: about whether or not those jobs should even exist. And 1044 00:56:18,840 --> 00:56:21,400 Speaker 1: I think that his voice in the Democratic Party is 1045 00:56:21,480 --> 00:56:24,480 Speaker 1: an important one. And also I don't want to say this, 1046 00:56:24,520 --> 00:56:26,640 Speaker 1: but I mean, we have like thirty seconds left series 1047 00:56:26,719 --> 00:56:29,239 Speaker 1: so quickly. Is it kind of part of a dying 1048 00:56:29,280 --> 00:56:32,920 Speaker 1: breed a politician where you can transcend the political party 1049 00:56:33,160 --> 00:56:36,560 Speaker 1: and represent your state. I think politicians can always represent 1050 00:56:36,640 --> 00:56:39,120 Speaker 1: that their people as well as their own interest, as 1051 00:56:39,120 --> 00:56:40,719 Speaker 1: well as the country as a whole, and we just 1052 00:56:40,760 --> 00:56:42,600 Speaker 1: need to find more of them. All Right, We're gonna 1053 00:56:42,600 --> 00:56:44,359 Speaker 1: have to leave there. Well said, Well said Sarah Camp, 1054 00:56:44,400 --> 00:56:46,719 Speaker 1: Republican strategist. Thanks so much for coming on, and of 1055 00:56:46,760 --> 00:56:49,920 Speaker 1: course to Richard Baller, nationally syndicated radio show show host 1056 00:56:50,160 --> 00:56:54,920 Speaker 1: and box News contributor, a Democrat. Great panel today, great discussion. 1057 00:56:54,960 --> 00:56:57,840 Speaker 1: Download Bloomberg Sound on podcasts on Apple, it tunes, at 1058 00:56:57,880 --> 00:57:01,319 Speaker 1: Bloomberg dot com, or by downloading the Bloomberg Business app. 1059 00:57:01,440 --> 00:57:06,000 Speaker 1: You can also find us on Bloomberg dot com, Radio 1060 00:57:06,080 --> 00:57:09,560 Speaker 1: dot com, I Heart Radio, and Spotify. I'm Kevin Cirelli, 1061 00:57:09,640 --> 00:57:13,520 Speaker 1: cheap Washington correspondent. Tomorrow, Steve Forbes calls in. You don't 1062 00:57:13,520 --> 00:57:15,280 Speaker 1: want to miss that you're listening to Bloomberg