1 00:00:00,360 --> 00:00:03,120 Speaker 1: Why from our nations this budget thing is going to 2 00:00:03,200 --> 00:00:05,960 Speaker 1: do nothing space forces. I still think it's interesting President 3 00:00:05,960 --> 00:00:09,639 Speaker 1: Trump not playing his cards yet headlines Policy and Politics, 4 00:00:09,680 --> 00:00:14,400 Speaker 1: colliding to sound on with Kevin's related the insiders, the influencers, 5 00:00:14,600 --> 00:00:17,400 Speaker 1: the insides. I would rather see a congressional solution. It's 6 00:00:17,440 --> 00:00:20,360 Speaker 1: part of my DNA. The Senate map in looks a 7 00:00:20,400 --> 00:00:22,720 Speaker 1: lot different than it looked in. You really have a 8 00:00:22,720 --> 00:00:26,040 Speaker 1: divide within Team Trump. The president has to do exactly 9 00:00:26,079 --> 00:00:27,800 Speaker 1: what people sendn here to do, which is to get 10 00:00:27,840 --> 00:00:32,280 Speaker 1: it done. He's sound on with Kevin's related on Bloomberg 11 00:00:33,479 --> 00:00:37,960 Speaker 1: and m h D two Baltimore. Let's get right after it. 12 00:00:38,159 --> 00:00:43,280 Speaker 1: US Trade Representative Bob Lightheizer testifying day one on Capitol 13 00:00:43,360 --> 00:00:46,159 Speaker 1: Hill before the Senate Finance Committee. You think that it 14 00:00:46,320 --> 00:00:48,760 Speaker 1: was because Republicans are in charge, it would be a 15 00:00:48,760 --> 00:00:51,440 Speaker 1: bit easier for him, but not, according to Senate Finance 16 00:00:51,479 --> 00:00:54,560 Speaker 1: Committee Chairman Chuck Grassley, I'd bring you the latest from 17 00:00:54,600 --> 00:00:58,279 Speaker 1: Capitol Hill. We were outside of the hearing all day today. Meanwhile, 18 00:00:59,440 --> 00:01:03,320 Speaker 1: are you ready for this? It's time President Trump set 19 00:01:03,360 --> 00:01:07,240 Speaker 1: to kick off his twenty re election campaign in Orlando, Florida. 20 00:01:07,440 --> 00:01:12,959 Speaker 1: Mark Lauder the top campaign. Strategic communications director for the 21 00:01:13,000 --> 00:01:16,039 Speaker 1: president's reelection campaign is going to check in with us 22 00:01:16,040 --> 00:01:18,840 Speaker 1: to give us a preview from down there in Orlando. 23 00:01:18,920 --> 00:01:22,600 Speaker 1: Plus fallout for the Democrats, what precisely will they be 24 00:01:22,640 --> 00:01:26,080 Speaker 1: looking for tonight? Kevin Walling is here, Democratic strategist at 25 00:01:26,240 --> 00:01:30,720 Speaker 1: h G Creative Media. Matt Gorman, vice president at Targeted Victory, 26 00:01:30,760 --> 00:01:35,479 Speaker 1: former n RCC communications director between trade and politics. We've 27 00:01:35,520 --> 00:01:37,800 Speaker 1: got you covered, Nancy. Catch us up to speed on 28 00:01:37,840 --> 00:01:41,520 Speaker 1: the headlines. Thanks Kevin. President Trump will be kicking off 29 00:01:41,560 --> 00:01:44,560 Speaker 1: his campaign and just a little bit in Florida. Some 30 00:01:44,640 --> 00:01:47,120 Speaker 1: of his supporters have been waiting outside the Amway Center 31 00:01:47,160 --> 00:01:51,080 Speaker 1: since yesterday in Orlando. Renee Taylor has a sign that 32 00:01:51,160 --> 00:01:56,200 Speaker 1: reads adorable Deplorables. I knew who he was when I 33 00:01:56,320 --> 00:01:59,800 Speaker 1: voted for him, and that's in the past. And I'm 34 00:01:59,800 --> 00:02:04,120 Speaker 1: not always crazy about Donald Trump, but I do like 35 00:02:04,280 --> 00:02:07,720 Speaker 1: him as President Trump. Immigration is expected to stay one 36 00:02:07,760 --> 00:02:11,359 Speaker 1: of Trump's campaign messages. He is now vowing to remove 37 00:02:11,440 --> 00:02:14,600 Speaker 1: millions of illegal aliens who have illicitly found their way 38 00:02:14,720 --> 00:02:18,960 Speaker 1: into the US. Acting Defense Secretary Patrick Shanahan is stepping 39 00:02:18,960 --> 00:02:21,960 Speaker 1: down before his formal nomination even went to the Senate. 40 00:02:22,320 --> 00:02:25,320 Speaker 1: He's signing a painful family situation that would hurt his 41 00:02:25,440 --> 00:02:29,600 Speaker 1: children and reopen wounds they've worked years to heal. President 42 00:02:29,600 --> 00:02:32,240 Speaker 1: Trump spoke about it as he was leaving for Florida 43 00:02:32,320 --> 00:02:35,679 Speaker 1: this afternoon. It's a difficult time for pat but he's 44 00:02:35,680 --> 00:02:37,920 Speaker 1: going to take a little time off for family service 45 00:02:38,000 --> 00:02:45,080 Speaker 1: and for for working working things out. President Trump says 46 00:02:45,160 --> 00:02:48,840 Speaker 1: Army Secretary Mark Esper would be the new acting Pentagon chief. 47 00:02:49,320 --> 00:02:51,600 Speaker 1: The Metro Board is divided over the results of an 48 00:02:51,600 --> 00:02:55,040 Speaker 1: ethics investigation of its chairman, Jack Evans. Bloomberg's Martin de 49 00:02:55,160 --> 00:02:59,000 Speaker 1: Caroll reports what seemed like a straightforward case about conflicts 50 00:02:59,000 --> 00:03:03,440 Speaker 1: of interest as evolved into confusion. The Metro Board hired 51 00:03:03,440 --> 00:03:06,600 Speaker 1: an outside law firm to delve into allegations Evans used 52 00:03:06,639 --> 00:03:09,560 Speaker 1: his post pad his own pockets. Came back with evidence 53 00:03:09,600 --> 00:03:12,440 Speaker 1: of what it calls multiple violations of the Ethics Code. 54 00:03:12,720 --> 00:03:15,520 Speaker 1: But then board members took those findings and agreed on 55 00:03:15,639 --> 00:03:19,239 Speaker 1: just one allegation that Evans failed to disclose a conflict 56 00:03:19,240 --> 00:03:23,679 Speaker 1: of interest involving the Colonial Parking Company. Evans denies even that, 57 00:03:23,960 --> 00:03:26,960 Speaker 1: and fellow DC board member of Corbett Price says Evans 58 00:03:26,960 --> 00:03:30,960 Speaker 1: broke no rules at all Martin Decarro Bloomberg one h 59 00:03:30,960 --> 00:03:33,959 Speaker 1: five point seven HD two digital license plates are being 60 00:03:34,000 --> 00:03:37,920 Speaker 1: tested in Maryland. The Baltimore Sun reports twenty Maryland Motor 61 00:03:38,000 --> 00:03:43,640 Speaker 1: Vehicle Administration vehicles and to Maryland Transportation Authority vehicles will 62 00:03:43,640 --> 00:03:46,360 Speaker 1: be outfitted with the LTE connected plates as part of 63 00:03:46,400 --> 00:03:49,240 Speaker 1: a two year pilot. The plates are similar in sized 64 00:03:49,320 --> 00:03:53,040 Speaker 1: or traditional metal plates, but they have an electronic display. 65 00:03:53,200 --> 00:03:55,760 Speaker 1: This will be the first test on the East Coast. Currently, 66 00:03:55,800 --> 00:03:59,720 Speaker 1: the plates are legal in California, Michigan, and Arizona. They 67 00:03:59,720 --> 00:04:03,080 Speaker 1: can display amber and weather alerts. They can track mileage. 68 00:04:03,080 --> 00:04:05,520 Speaker 1: They can even display an alert if the car is stolen. 69 00:04:07,600 --> 00:04:10,520 Speaker 1: Time now for the Beltway business report, here is Bloomberg's 70 00:04:10,520 --> 00:04:14,000 Speaker 1: Tom Busby. Stocks got back to their winning ways today 71 00:04:14,000 --> 00:04:16,159 Speaker 1: as the Federal Reserve kicked off a two day meeting 72 00:04:16,160 --> 00:04:18,600 Speaker 1: on interest rates and President Trump announced plans to meet 73 00:04:18,600 --> 00:04:21,200 Speaker 1: with the president of China next week as the world's 74 00:04:21,200 --> 00:04:24,000 Speaker 1: two largest economies try to hammer out a new trade deal. 75 00:04:24,560 --> 00:04:27,240 Speaker 1: On Wall Street, that sent the Dow soaring up three 76 00:04:27,320 --> 00:04:29,880 Speaker 1: hundred fifty three points, that nastacup one O eight, the 77 00:04:29,920 --> 00:04:33,680 Speaker 1: SMP five hundred adding twenty eight. Bowling hasn't received a 78 00:04:33,720 --> 00:04:36,159 Speaker 1: single order for a new aircraft in three months since 79 00:04:36,200 --> 00:04:38,719 Speaker 1: the grounding of its seven thirty seven max Jet, but 80 00:04:38,800 --> 00:04:41,520 Speaker 1: that changed early today at the Paris Air Show, Korean 81 00:04:41,600 --> 00:04:44,760 Speaker 1: Air placed in order for thirty seven eighty seven Dreamliners 82 00:04:45,000 --> 00:04:49,360 Speaker 1: that deal worth over six billion dollars. Facebook unveiled plans 83 00:04:49,400 --> 00:04:51,839 Speaker 1: to put out its own digital currency. It's called Liebra. 84 00:04:51,920 --> 00:04:54,600 Speaker 1: It will come out next year. It will allow billions 85 00:04:54,600 --> 00:04:57,679 Speaker 1: of Facebook users to make payments and transfer money without 86 00:04:57,800 --> 00:05:01,120 Speaker 1: using a bank. Mixed news to and housing. New home 87 00:05:01,160 --> 00:05:03,839 Speaker 1: construction declining in May from the month prior. That's on 88 00:05:03,880 --> 00:05:06,919 Speaker 1: a big drop in the building of new single family homes, 89 00:05:07,320 --> 00:05:10,520 Speaker 1: but permits for future construction were higher, and so Best 90 00:05:10,520 --> 00:05:14,040 Speaker 1: Buy stores will start selling treadmills, rowing machines and other 91 00:05:14,080 --> 00:05:17,240 Speaker 1: fitness gear later this year, just in time for the holidays. 92 00:05:17,680 --> 00:05:20,200 Speaker 1: You're up to date on business from the Beltway to Baltimore. 93 00:05:20,279 --> 00:05:23,440 Speaker 1: I'm Tom Busby. This is Bloomber one oh five point 94 00:05:23,440 --> 00:05:27,280 Speaker 1: seven FM HD two. Thanks Tom. Global News twenty four 95 00:05:27,320 --> 00:05:29,839 Speaker 1: hours a day on air and at TikTok on Twitter, 96 00:05:29,920 --> 00:05:33,600 Speaker 1: powered by more than journalists and analysts and more than 97 00:05:33,600 --> 00:05:36,840 Speaker 1: a hundred and twenty countries. I'm Nancy Lions back to you, Kevin, 98 00:05:36,920 --> 00:05:38,840 Speaker 1: Thank you, Nancy. I want to get to the breaking 99 00:05:38,839 --> 00:05:41,520 Speaker 1: news in the financial world. To lead off the show, 100 00:05:41,560 --> 00:05:44,080 Speaker 1: we had a great scoop today by our colleagues Jennifer 101 00:05:44,200 --> 00:05:47,960 Speaker 1: Jacobs and Celeia Uh. They had an awesome scoop that 102 00:05:48,200 --> 00:05:53,760 Speaker 1: said the back in February, President Trump considered demoting, demoting, 103 00:05:53,920 --> 00:05:58,880 Speaker 1: or somehow shrinking FED Chair J. Powell's role at the 104 00:05:58,920 --> 00:06:03,040 Speaker 1: Central Bank. This after he decided against firing him. So 105 00:06:03,440 --> 00:06:06,159 Speaker 1: Yamon javers over at CNBC just caught up within the 106 00:06:06,240 --> 00:06:08,920 Speaker 1: last hour and a half with President Trump as he 107 00:06:09,000 --> 00:06:11,720 Speaker 1: was departing the White House to go to Orlando, Florida. 108 00:06:12,000 --> 00:06:14,039 Speaker 1: By the way, we a full coverage of the President's 109 00:06:14,360 --> 00:06:18,279 Speaker 1: rally tonight, his kickoff rally for coming up later on 110 00:06:18,360 --> 00:06:20,200 Speaker 1: in the show. A full preview. Mark Lauter is going 111 00:06:20,240 --> 00:06:24,799 Speaker 1: to call in the President's re election strategic communications director. Anyway, 112 00:06:24,800 --> 00:06:28,120 Speaker 1: President Trump leaving the White House, Yamon jabbers c NBC 113 00:06:28,360 --> 00:06:33,560 Speaker 1: Double Team by Bloomberg and CNBC about what precisely he 114 00:06:33,680 --> 00:06:37,520 Speaker 1: thinks about the job FED Chair J. Powell is doing 115 00:06:37,600 --> 00:06:40,200 Speaker 1: and whether or not he still wants to demote the 116 00:06:40,200 --> 00:06:43,720 Speaker 1: FED Chair J. Powell. Take a listen to this exchange. Well, 117 00:06:43,800 --> 00:06:45,760 Speaker 1: let's see what he does. I can tell you that 118 00:06:45,880 --> 00:06:50,280 Speaker 1: Draggy and the EU. Would you look at what's going 119 00:06:50,320 --> 00:06:53,000 Speaker 1: on with the euro and they have a much different 120 00:06:53,920 --> 00:06:58,159 Speaker 1: stance than our folks do. As you know, we did 121 00:06:58,200 --> 00:07:02,960 Speaker 1: something today that was very dramatic and frankly it helped. 122 00:07:03,960 --> 00:07:06,400 Speaker 1: That's part of the world. So we'll see what happens. 123 00:07:06,400 --> 00:07:09,320 Speaker 1: They're gonna be making an announcement pretty soon, so we'll 124 00:07:09,360 --> 00:07:11,880 Speaker 1: see what happened. But I want to be given a 125 00:07:11,960 --> 00:07:16,400 Speaker 1: level of playing field, and so far I haven't been. 126 00:07:17,200 --> 00:07:21,760 Speaker 1: That was President Trump reacting two questions surrounding that Bloomberg 127 00:07:21,840 --> 00:07:24,840 Speaker 1: News exclusive by my colleague Jennifer Jacobs about the President 128 00:07:24,880 --> 00:07:30,080 Speaker 1: at one point considering the legality exploring rather the legality 129 00:07:30,160 --> 00:07:35,480 Speaker 1: of demoting FED Chair Jay Powell. It has been remarkable 130 00:07:35,560 --> 00:07:40,240 Speaker 1: day because the President started off the day blasting and 131 00:07:40,400 --> 00:07:46,640 Speaker 1: I mean lamb basting Mario dragging, calling out the European 132 00:07:46,800 --> 00:07:52,679 Speaker 1: Central Bank president for pledging monetary stimulus, just as Federal 133 00:07:52,760 --> 00:07:55,960 Speaker 1: Reserve officials prepared to meet in Washington. I was struck 134 00:07:55,960 --> 00:07:58,960 Speaker 1: by this. I was in Dirkson, the Dirks and Senate 135 00:07:59,000 --> 00:08:02,400 Speaker 1: Office building, outside to the Senate Finance Committee hearing room. 136 00:08:02,440 --> 00:08:05,800 Speaker 1: We were waiting for US Trade Representative Bob Lightheiser to 137 00:08:05,880 --> 00:08:09,720 Speaker 1: begin his testimony before the Senate Finance Committee hearing room, 138 00:08:09,720 --> 00:08:12,280 Speaker 1: and we're getting all these headlines. You've got Jen's scoop 139 00:08:12,800 --> 00:08:14,920 Speaker 1: that at one point he was saying that he wanted 140 00:08:14,960 --> 00:08:18,000 Speaker 1: to demote or explored the legality back in February to 141 00:08:18,120 --> 00:08:21,800 Speaker 1: demote FED Chair J Powell. Then you've got these headlines, 142 00:08:21,840 --> 00:08:27,120 Speaker 1: these trashing the European Central Bank President Mario Draggy. And 143 00:08:27,160 --> 00:08:29,720 Speaker 1: then as all of this is happening, we're like minutes 144 00:08:29,760 --> 00:08:31,920 Speaker 1: out from the start of the Senate Finance Committee hearing room, 145 00:08:32,200 --> 00:08:35,640 Speaker 1: we get the back and forth with the Chinese saying 146 00:08:35,640 --> 00:08:38,600 Speaker 1: that they have finally agreed to meet with President Trump. 147 00:08:38,679 --> 00:08:43,120 Speaker 1: President shi Jing Ping and President Trump will meet during 148 00:08:43,160 --> 00:08:47,320 Speaker 1: that one off meeting officially in Osaka, Japan at the 149 00:08:47,400 --> 00:08:51,480 Speaker 1: g So that's what's been going on today in a 150 00:08:51,600 --> 00:08:56,600 Speaker 1: nutshell on the trade front, Europe, China, and oh yeah, 151 00:08:56,679 --> 00:09:00,120 Speaker 1: Bob Lightheiser on Capitol Oil, Kevin Walling, Democratic Strategists, h 152 00:09:00,240 --> 00:09:03,600 Speaker 1: G Creative Media, Matt Gorman, Vice President, a target of victory, 153 00:09:03,600 --> 00:09:06,679 Speaker 1: and the former NRC Communications director Matt When you hear 154 00:09:06,720 --> 00:09:08,960 Speaker 1: that Exchange within the last hour and a half of 155 00:09:09,000 --> 00:09:13,959 Speaker 1: President Trump still saying, uh that he's you know, jury's 156 00:09:14,000 --> 00:09:16,280 Speaker 1: out in terms of his opinion of FED share J Powe. 157 00:09:16,360 --> 00:09:18,080 Speaker 1: What do you make of that? Shows are protective he 158 00:09:18,160 --> 00:09:20,080 Speaker 1: is over the economy. I mean, I think any and 159 00:09:20,120 --> 00:09:22,120 Speaker 1: he I think he well knows write anything that jeopardizes 160 00:09:22,160 --> 00:09:24,880 Speaker 1: of the economy jeopardizes his re election. So as we 161 00:09:24,960 --> 00:09:28,440 Speaker 1: kick off his campaign tonight, um, you know, he has 162 00:09:28,480 --> 00:09:31,360 Speaker 1: what sixteen ish months to go, and the economy has 163 00:09:31,440 --> 00:09:33,439 Speaker 1: to hold out for all of it. Now, as I've 164 00:09:33,440 --> 00:09:36,360 Speaker 1: been on the show before, right, tariffs and immigration can 165 00:09:36,400 --> 00:09:38,800 Speaker 1: affect it in a negative way, that that would be 166 00:09:38,840 --> 00:09:41,480 Speaker 1: something of his own doing. But even economists say that, 167 00:09:41,559 --> 00:09:43,920 Speaker 1: you know, the risk for recession is high and or 168 00:09:43,920 --> 00:09:46,320 Speaker 1: id seeing moderates high in the next sixteen months. So 169 00:09:46,440 --> 00:09:50,320 Speaker 1: he needs to jealously guard or zealously guard the economy, 170 00:09:50,640 --> 00:09:52,880 Speaker 1: make sure it's still working, make sure people feel it's 171 00:09:52,880 --> 00:09:55,440 Speaker 1: still working, because that's a huge point for Republicans in 172 00:09:55,440 --> 00:09:59,319 Speaker 1: the fall. So I think most of these people, like 173 00:09:59,320 --> 00:10:03,360 Speaker 1: like most especially you know, we're nerds here at Bloomberg, 174 00:10:03,920 --> 00:10:06,280 Speaker 1: and when they hear that the president is tweeting out 175 00:10:06,320 --> 00:10:11,400 Speaker 1: against Mario drag Drag Mario D Mario d as President 176 00:10:11,480 --> 00:10:15,720 Speaker 1: Trump is referring to him and tweets that, you know, 177 00:10:15,800 --> 00:10:18,760 Speaker 1: I mean, you don't really necessarily need an economics pH 178 00:10:18,960 --> 00:10:22,000 Speaker 1: d to figure out what he's doing here. He tweeted 179 00:10:22,000 --> 00:10:25,040 Speaker 1: out quote, Mario drag just announced more stimulus could come, 180 00:10:25,080 --> 00:10:27,800 Speaker 1: which immediately dropped the euro against the dollar, making an 181 00:10:27,840 --> 00:10:31,800 Speaker 1: unfairly easier for them to compete against the U. S A. 182 00:10:32,080 --> 00:10:34,480 Speaker 1: They have been getting away with this for years, along 183 00:10:34,480 --> 00:10:37,199 Speaker 1: with China and others. I mean, there was a there 184 00:10:37,280 --> 00:10:40,880 Speaker 1: was a coordinated effort here right when you watch him 185 00:10:40,880 --> 00:10:44,800 Speaker 1: going after Mario Draggy Lightheiser on the hill, the meeting 186 00:10:44,840 --> 00:10:47,760 Speaker 1: and the one off with the President Trump and President 187 00:10:47,960 --> 00:10:49,600 Speaker 1: you know you have to kick off to his reelection. 188 00:10:49,679 --> 00:10:52,120 Speaker 1: What message should we glean from all this? Yeah, I 189 00:10:52,160 --> 00:10:54,360 Speaker 1: think Matt makes an excellent point in that I think 190 00:10:54,360 --> 00:10:57,040 Speaker 1: the President's number one concern heading into this reelection isn't 191 00:10:57,040 --> 00:10:59,880 Speaker 1: Bob Mullery, isn't Russia, but is the state of the economy, 192 00:11:00,400 --> 00:11:03,160 Speaker 1: which is why he was elected feeling the frustrations of 193 00:11:03,160 --> 00:11:05,760 Speaker 1: a lot of voters out there that wanted to change um. 194 00:11:05,760 --> 00:11:08,280 Speaker 1: But to Matt's point, you know when your point to Kevin, 195 00:11:08,559 --> 00:11:10,800 Speaker 1: this president loves to find a fall guy and a 196 00:11:10,840 --> 00:11:14,480 Speaker 1: fall girl before something big happens. So he's lining up 197 00:11:14,480 --> 00:11:17,800 Speaker 1: all these people that he can throw under the bus. If, 198 00:11:17,840 --> 00:11:20,960 Speaker 1: for example, the economy falters is By example, the FED 199 00:11:21,080 --> 00:11:23,600 Speaker 1: does in fact raise interest rates at two o'clock tomorrow, 200 00:11:23,640 --> 00:11:26,360 Speaker 1: which he's fearful of and speaking out against. But what 201 00:11:26,400 --> 00:11:29,000 Speaker 1: this president needs to do is understand the role of 202 00:11:29,040 --> 00:11:31,280 Speaker 1: the FED in our government and that it is not 203 00:11:31,440 --> 00:11:34,880 Speaker 1: up to political persuasion or influence, but should be stand 204 00:11:34,920 --> 00:11:37,559 Speaker 1: alone and set apart from the administration whims. Look, I 205 00:11:37,600 --> 00:11:39,400 Speaker 1: think this is classic pre budding by Trump. This is 206 00:11:39,600 --> 00:11:42,439 Speaker 1: setting media expectations right. He's creating an enemy. This is 207 00:11:42,480 --> 00:11:45,040 Speaker 1: that we won in Um, you know, he created an 208 00:11:45,080 --> 00:11:46,959 Speaker 1: enemy Hillary Clinton. He's gonna have to create an enemy 209 00:11:46,960 --> 00:11:50,559 Speaker 1: now with a Democrat in. He needs to tear them down, right, 210 00:11:50,559 --> 00:11:52,439 Speaker 1: And I think that's good. It's good campaign strategy. I 211 00:11:52,480 --> 00:11:55,520 Speaker 1: think with he's essentially running a campaign against j Pile here, 212 00:11:55,920 --> 00:12:02,559 Speaker 1: so that if he does now to the job. Just 213 00:12:02,720 --> 00:12:08,200 Speaker 1: in two and said this on Bloomer Television earlier, I 214 00:12:08,240 --> 00:12:10,559 Speaker 1: was in Darkston and I was like, listen, if you're 215 00:12:10,559 --> 00:12:13,240 Speaker 1: fed share J. Powell. I mean, granted, you got Jen 216 00:12:13,320 --> 00:12:15,720 Speaker 1: scooplet out today, but I mean you're looking at these 217 00:12:15,720 --> 00:12:19,240 Speaker 1: tweets about Mario dragging, maybe you're thinking Man minus Jen 218 00:12:19,360 --> 00:12:21,040 Speaker 1: Jacob Scoop. It was a pretty good day for the 219 00:12:21,040 --> 00:12:23,720 Speaker 1: Fed chair because he's going after Mario drag and I 220 00:12:23,760 --> 00:12:26,920 Speaker 1: think that that allows him to tap into that nationalistic 221 00:12:26,960 --> 00:12:30,800 Speaker 1: economic argument. At the same time that he has shifted 222 00:12:30,880 --> 00:12:34,760 Speaker 1: tone regarding Mexico, he has shifted tone with the Mexicans 223 00:12:34,760 --> 00:12:37,000 Speaker 1: because he's trying to get the U s m c 224 00:12:37,160 --> 00:12:41,359 Speaker 1: A pass. Here is his top trade negotiator, Bob Leitheiser, 225 00:12:41,400 --> 00:12:44,679 Speaker 1: testifying him before the Senate Finance Committee hearing earlier today. 226 00:12:44,720 --> 00:12:47,480 Speaker 1: Take a listen. I believe the U s m c 227 00:12:47,679 --> 00:12:52,320 Speaker 1: A is the strongest, most momentous trade agreement in US history. 228 00:12:52,360 --> 00:12:55,800 Speaker 1: It is the gold standard for roles on the digital economy, 229 00:12:56,080 --> 00:13:01,439 Speaker 1: financial services, intellectual property, etcetera. That was US Trade Representative 230 00:13:01,480 --> 00:13:05,120 Speaker 1: Bob Leadheizer. Meanwhile, and the same breath I was talking 231 00:13:05,160 --> 00:13:08,720 Speaker 1: with grass leaids out in the hallway. I mean, Chuck 232 00:13:08,760 --> 00:13:14,679 Speaker 1: Grassley is prepared to launch an absolute veto proof legislation. 233 00:13:14,760 --> 00:13:18,400 Speaker 1: Chuck Grassley, Republican IOWA Chairman of the Finance Committee. Should 234 00:13:18,440 --> 00:13:22,520 Speaker 1: the President still go after utilizing national security or Section 235 00:13:22,559 --> 00:13:25,679 Speaker 1: to thirty two to get real nerdy and I use 236 00:13:25,800 --> 00:13:29,600 Speaker 1: that as justification to apply tariffs. Republicans don't like it. 237 00:13:29,840 --> 00:13:32,000 Speaker 1: Republicans do not like that at all. I feel like 238 00:13:32,040 --> 00:13:34,720 Speaker 1: we're playing whackaball. Really, guys, That's how I feel because 239 00:13:34,720 --> 00:13:37,960 Speaker 1: on the one hand, he's shifting tone with regards to Mexico, 240 00:13:38,640 --> 00:13:40,760 Speaker 1: talking nice to the Mexicans in order to get U 241 00:13:40,840 --> 00:13:44,000 Speaker 1: s m C over the finish line, somewhat talking nice 242 00:13:44,040 --> 00:13:46,600 Speaker 1: to the Chinese because of this agreed meeting with President 243 00:13:46,679 --> 00:13:48,400 Speaker 1: she and just over a week and a half next 244 00:13:48,440 --> 00:13:53,280 Speaker 1: weekend in Osaka, Japan. But bam, bam. Now he's firing 245 00:13:53,320 --> 00:13:56,840 Speaker 1: off at Mario Drag coming up full reaction with regards 246 00:13:56,840 --> 00:13:59,080 Speaker 1: of the politics and the policy. We dive in behind 247 00:13:59,120 --> 00:14:02,760 Speaker 1: the scenes that SENTI Finance Committee hearing room, what Democrats 248 00:14:02,760 --> 00:14:05,600 Speaker 1: have to say about Hahawei. Meanwhile, Mark Lawd is going 249 00:14:05,679 --> 00:14:10,360 Speaker 1: to check in. He is the Trump campaign strategic communications director. 250 00:14:10,440 --> 00:14:13,240 Speaker 1: He's down there in Orlando where all of the action 251 00:14:13,360 --> 00:14:16,959 Speaker 1: is going to be tonight. Kevin Walling stays Democratic strategist 252 00:14:17,200 --> 00:14:20,560 Speaker 1: at h G Creative Media MATC Gorman, vice president at 253 00:14:20,600 --> 00:14:25,400 Speaker 1: Targeted Victory and former NRCC Communications Director. I'm Kevin CURRELI, 254 00:14:25,520 --> 00:14:29,000 Speaker 1: Chief Washington correspondent for Bloomberg Television and Radio. You can 255 00:14:29,040 --> 00:14:32,600 Speaker 1: download the Sound On podcast on Apple iTunes, at Bloomberg 256 00:14:32,680 --> 00:14:35,360 Speaker 1: dot com, or by downloading the Bloomberg Business app. You 257 00:14:35,360 --> 00:14:38,680 Speaker 1: can also find us on Radio dot Com, I Heart Radio, 258 00:14:38,840 --> 00:14:43,520 Speaker 1: and Spotify. You're listening to Sound On with Kevin CEREALI 259 00:14:43,680 --> 00:14:46,920 Speaker 1: I'm Amy Morris. Tomorrow morning at five on Bloomberg Daybreak. 260 00:14:47,080 --> 00:14:50,600 Speaker 1: Farmer White House Communications Director Hope Hicks is scheduled to 261 00:14:50,640 --> 00:14:54,120 Speaker 1: appear behind closed doors before the House Judiciary Committee shall 262 00:14:54,160 --> 00:14:57,800 Speaker 1: be answering questions related to Special Counsel Robert Muller's investigation. 263 00:14:58,080 --> 00:15:01,080 Speaker 1: That's Bloomberg Daybreak tomorrow morning, starting and five on Bloomberg. 264 00:15:03,480 --> 00:15:08,640 Speaker 1: This is Sound On with kevins Relate on Bloomberg and 265 00:15:08,680 --> 00:15:11,800 Speaker 1: one point seven of m h D two Baltimore. It's 266 00:15:11,880 --> 00:15:14,520 Speaker 1: Matt Kenney, everybody, and he's going on tour. I hope 267 00:15:14,560 --> 00:15:17,200 Speaker 1: to get the opportunity to see one of my all 268 00:15:17,240 --> 00:15:20,960 Speaker 1: time favorites, Matt Kearney, perform. I'm Kevin CURRELLI, Chief Washington 269 00:15:21,000 --> 00:15:25,440 Speaker 1: correspondent for Bloomberg Television and Bloomberg Radio. We are awaiting, 270 00:15:26,040 --> 00:15:28,840 Speaker 1: I will be fully transparent. We are awaiting to get 271 00:15:28,880 --> 00:15:32,840 Speaker 1: on the line later this evening. Mark Lotter, the Trump 272 00:15:32,840 --> 00:15:36,480 Speaker 1: twenty twenty campaign strategic communications director. He's down there in 273 00:15:36,600 --> 00:15:40,520 Speaker 1: Orlando ahead of President Trump's formal kickoff speech for his 274 00:15:41,360 --> 00:15:45,080 Speaker 1: reelection bit. So let's preview it. We've got Kevin Walling, 275 00:15:45,160 --> 00:15:48,200 Speaker 1: democratic strategist at h G Creative Media here with us. 276 00:15:48,560 --> 00:15:51,120 Speaker 1: We also have Matt Gorman, he is vice president at 277 00:15:51,200 --> 00:15:55,480 Speaker 1: Targeted Victory and former n r c C communications director. 278 00:15:55,520 --> 00:15:57,320 Speaker 1: Matell start with you. What is President Trump have to 279 00:15:57,400 --> 00:16:01,480 Speaker 1: do tonight? Are we gonna see off off prompter Trump? 280 00:16:01,760 --> 00:16:03,680 Speaker 1: Are we're gonna see him scripted? I think we're gonna 281 00:16:03,720 --> 00:16:06,720 Speaker 1: get the greatest hits. Maybe maybe the debut of some 282 00:16:06,800 --> 00:16:09,280 Speaker 1: new music. Hey maybe No, And I don't mean this 283 00:16:09,360 --> 00:16:13,120 Speaker 1: in a bad way. Look, he's been on his campaign since, 284 00:16:13,480 --> 00:16:16,720 Speaker 1: you know, basically when he's inaugurated. He's been a perpetual campaigner. 285 00:16:16,720 --> 00:16:19,240 Speaker 1: And again, and that's not a dish. I think that's 286 00:16:19,320 --> 00:16:21,600 Speaker 1: just the fact of life now in today's media cycle, 287 00:16:21,680 --> 00:16:24,640 Speaker 1: you need to have a constant campaign. So yeah, and 288 00:16:24,680 --> 00:16:28,560 Speaker 1: so no, absolutely not and uh no, but but he's 289 00:16:28,560 --> 00:16:31,640 Speaker 1: constantly selling, he's constantly campaign He like he likes going 290 00:16:31,680 --> 00:16:33,520 Speaker 1: to rallies. I think this will be an extinction of that. 291 00:16:33,880 --> 00:16:38,080 Speaker 1: I don't really see much different. However, I think he's 292 00:16:38,120 --> 00:16:43,840 Speaker 1: going to start really demonizing and very criticizing, demonizing as 293 00:16:43,840 --> 00:16:46,440 Speaker 1: they should be the Democratic primary. See what our friends 294 00:16:46,480 --> 00:16:48,920 Speaker 1: over at the Hill Newspapers said today that he's gonna 295 00:16:48,960 --> 00:16:53,240 Speaker 1: live tweet the first Democratic presidential debate. That's the least 296 00:16:53,240 --> 00:16:58,720 Speaker 1: surprising thing ever. Well, I mean ask for a perpetual campaign. 297 00:16:58,840 --> 00:17:00,680 Speaker 1: I wish the guy would just do do the job 298 00:17:00,760 --> 00:17:04,080 Speaker 1: and not travel every week to a different city tonight. 299 00:17:05,040 --> 00:17:07,040 Speaker 1: I mean it's gonna be he's got nothing new to say. 300 00:17:07,040 --> 00:17:10,639 Speaker 1: I mean, it's gonna be a whining complaining about the 301 00:17:10,720 --> 00:17:13,760 Speaker 1: Russian hoax, about everybody's out to get him. It's gonna 302 00:17:13,800 --> 00:17:16,080 Speaker 1: be as greatest hits. It's not gonna be any different 303 00:17:16,119 --> 00:17:18,760 Speaker 1: from him campaigning last week in a different city. But 304 00:17:18,840 --> 00:17:21,000 Speaker 1: let's be honest, though, that's what one of the durned 305 00:17:21,000 --> 00:17:23,359 Speaker 1: thing in the first place. You see these images of 306 00:17:23,400 --> 00:17:26,359 Speaker 1: like folks who are camping out in the base of 307 00:17:26,760 --> 00:17:30,640 Speaker 1: in Florida keV. They were out there all night. He's 308 00:17:30,640 --> 00:17:35,240 Speaker 1: got some die hard support, but interestingly Biden has better 309 00:17:35,280 --> 00:17:37,359 Speaker 1: numbers in Florida than he does. Biden in the new 310 00:17:37,440 --> 00:17:40,760 Speaker 1: Quinnipiac pull out on Tuesday is trouncing him by nearly 311 00:17:40,800 --> 00:17:45,280 Speaker 1: double digits. The Orlando Sentinel endorses anyone except for him 312 00:17:45,720 --> 00:17:48,439 Speaker 1: for re election. Any Democrat that's running who gets the 313 00:17:48,440 --> 00:17:51,480 Speaker 1: nomination has the endorsement of the Sentinel that went from 314 00:17:51,760 --> 00:17:56,159 Speaker 1: Romney over Barack Obama. I want you to walk me 315 00:17:56,200 --> 00:17:59,879 Speaker 1: through the Republican landscape, because Democrats completely took it to 316 00:18:00,040 --> 00:18:03,719 Speaker 1: Republicans in the mid terms. But but you look at 317 00:18:03,720 --> 00:18:09,199 Speaker 1: Florida and there were some glimmers of hope in Florida. Republicans. 318 00:18:09,240 --> 00:18:12,159 Speaker 1: Walk me through that, folks, amore Florida in Ohio. If 319 00:18:12,200 --> 00:18:13,760 Speaker 1: I were to tell you this in two thousand four, 320 00:18:13,880 --> 00:18:17,480 Speaker 1: you think I was crazy. But Florida, Ohio steadily slowly 321 00:18:17,600 --> 00:18:21,480 Speaker 1: but consistently becoming more red, just like Virginia and Colorado 322 00:18:21,760 --> 00:18:23,880 Speaker 1: becoming red in the sense of like Rob Portman read 323 00:18:23,960 --> 00:18:26,119 Speaker 1: for the record, but round to Santa's and Rob Portman 324 00:18:26,160 --> 00:18:27,760 Speaker 1: are not the same at all. I'll give you that, 325 00:18:27,960 --> 00:18:31,240 Speaker 1: um you know um, and same with I'm blanking the 326 00:18:31,240 --> 00:18:36,000 Speaker 1: gover's name former Mike Dawine. Um. But yeah, look, he 327 00:18:36,040 --> 00:18:38,359 Speaker 1: has to win Florida, period, period, period. He has to 328 00:18:38,359 --> 00:18:40,720 Speaker 1: win Florida to win the presidency. That's a staple. Now 329 00:18:41,080 --> 00:18:43,560 Speaker 1: do I saw the poll numbers today Kevin mentioned, Do 330 00:18:43,720 --> 00:18:46,240 Speaker 1: I think you know he might be down in Florida? Maybe, 331 00:18:46,280 --> 00:18:48,399 Speaker 1: but he's not. He's not gonna lose by seven. He 332 00:18:48,480 --> 00:18:50,800 Speaker 1: simply will not. What he needs to do is to 333 00:18:50,880 --> 00:18:53,919 Speaker 1: get that six to eight percent. He needs not just 334 00:18:53,960 --> 00:18:55,879 Speaker 1: in Florida, but around the country. He needs to do 335 00:18:55,960 --> 00:18:57,760 Speaker 1: two things and needs to create an enemy when it 336 00:18:57,800 --> 00:19:00,919 Speaker 1: comes to Democrats when he's at his best. Hillary Number two, 337 00:19:00,960 --> 00:19:02,480 Speaker 1: the economy has to hold out. I know, it sound 338 00:19:02,520 --> 00:19:04,760 Speaker 1: like a broken record. That's six to eight in the 339 00:19:04,840 --> 00:19:07,200 Speaker 1: excerpts and maybe even the suburbs. To hold down those 340 00:19:07,200 --> 00:19:09,679 Speaker 1: margins has to come from the economy. You know there 341 00:19:09,680 --> 00:19:11,920 Speaker 1: we have an article of on the Bloomberg terminal. Gott 342 00:19:11,960 --> 00:19:14,119 Speaker 1: to check it out. Go on the Bloomberg terminal and 343 00:19:14,160 --> 00:19:16,840 Speaker 1: read this by Shannon Petty. Piece are good friend, Shannon, 344 00:19:17,240 --> 00:19:20,919 Speaker 1: She's got this piece. I mean, in any other situation, 345 00:19:21,680 --> 00:19:24,479 Speaker 1: the economy is doing so well, he'd be a shoeing 346 00:19:24,560 --> 00:19:27,479 Speaker 1: to be reelected. Absolutely so, it's all of this other stuff. 347 00:19:27,520 --> 00:19:30,320 Speaker 1: That that he's down in the seventeen swing states according 348 00:19:30,359 --> 00:19:33,119 Speaker 1: to his own polsters, that he had to fire is 349 00:19:33,119 --> 00:19:36,439 Speaker 1: pretty indicative of this president's stature heading into re election. 350 00:19:36,520 --> 00:19:39,520 Speaker 1: To Kev's point, he should be winning this in a walk. 351 00:19:39,600 --> 00:19:42,359 Speaker 1: The fact that Bernie Sanders is beating him in Florida, 352 00:19:42,400 --> 00:19:44,880 Speaker 1: the fact that he's tied with Elizabeth Warren in Florida 353 00:19:45,240 --> 00:19:48,200 Speaker 1: is every indication that this president is in trouble. To 354 00:19:48,320 --> 00:19:50,040 Speaker 1: Matt's point, I think it's a good one and that 355 00:19:50,119 --> 00:19:52,440 Speaker 1: he just needs an enemy to take on. Right now, 356 00:19:52,440 --> 00:19:55,640 Speaker 1: we've got a field of well, he's taking it to Biden, 357 00:19:55,680 --> 00:19:57,919 Speaker 1: he's taking it to Bernie, he's taking it to you know, 358 00:19:58,320 --> 00:20:01,760 Speaker 1: uh Center, Warren Um. But the enemy right now is 359 00:20:01,800 --> 00:20:05,280 Speaker 1: the economy. But does it hurt her help Biden? From 360 00:20:05,280 --> 00:20:08,040 Speaker 1: your perspective, I mean, as a Democratic try does it 361 00:20:08,119 --> 00:20:11,120 Speaker 1: hurt help Biden to have everyone on the left going 362 00:20:11,160 --> 00:20:14,760 Speaker 1: after Biden and and the president going after Biden? Who's 363 00:20:14,800 --> 00:20:17,000 Speaker 1: helping Biden? But I don't think you're seeing a lot 364 00:20:17,040 --> 00:20:19,959 Speaker 1: of people come after Biden on the last You may 365 00:20:21,400 --> 00:20:23,959 Speaker 1: you may very well see that on Thursday, right as president, 366 00:20:24,040 --> 00:20:27,399 Speaker 1: as these candidates try and get their their their licks 367 00:20:27,400 --> 00:20:30,000 Speaker 1: in on Thursday in Miami. But you know, it doesn't 368 00:20:30,080 --> 00:20:33,200 Speaker 1: hurt Biden to beat Mono Amano with this president running 369 00:20:33,200 --> 00:20:36,440 Speaker 1: on his record is eight years, helps him, It helps 370 00:20:36,480 --> 00:20:38,440 Speaker 1: them both. I think it's Trump Trump needs an enemy 371 00:20:38,520 --> 00:20:41,640 Speaker 1: number one. But also it's great because Biden is elevated 372 00:20:41,880 --> 00:20:43,800 Speaker 1: to one and one against Trump, which is what he wants. 373 00:20:44,200 --> 00:20:47,160 Speaker 1: And and but no, but also but also it helps 374 00:20:47,200 --> 00:20:50,159 Speaker 1: him with fundraising, helps him to again they want to 375 00:20:50,160 --> 00:20:52,320 Speaker 1: beat Trump. However, there is a flip side of this. 376 00:20:52,359 --> 00:20:53,760 Speaker 1: I don't think it applies in this case. But I 377 00:20:53,760 --> 00:20:57,800 Speaker 1: worked on Mitt Romney's campaign in twelve yes, and if 378 00:20:57,840 --> 00:21:01,720 Speaker 1: you remember, yeah, so remember that like when you know, 379 00:21:01,800 --> 00:21:03,800 Speaker 1: Mitt would would say something that was my you know, 380 00:21:03,960 --> 00:21:05,360 Speaker 1: might have been a gaff, might have been off color, 381 00:21:05,480 --> 00:21:07,960 Speaker 1: might be not wrong but not correct. Not only would 382 00:21:07,960 --> 00:21:11,639 Speaker 1: Obama pile on with the trappings of the presidency, but 383 00:21:11,720 --> 00:21:15,480 Speaker 1: our primary opponus was new Rick, Perry, Santaurram, whomever would 384 00:21:15,560 --> 00:21:17,600 Speaker 1: pile on, and we had no defenders in the media. 385 00:21:18,040 --> 00:21:19,560 Speaker 1: Um so that was always a tough thing. But I 386 00:21:19,560 --> 00:21:23,159 Speaker 1: think in this instance, Trumping attacked Trump, attacking you elevates you. 387 00:21:23,480 --> 00:21:26,120 Speaker 1: It helps both. I think it's a rare instance. We're 388 00:21:26,160 --> 00:21:27,560 Speaker 1: both get what they need out of it. All right, 389 00:21:27,600 --> 00:21:29,880 Speaker 1: We're gonna have to wait and see Mark Lotter down 390 00:21:29,920 --> 00:21:34,120 Speaker 1: in Orlando, the strategic communications director for the Real elect 391 00:21:34,200 --> 00:21:39,040 Speaker 1: campaign checks in coming up next. I'm Kevin Cirelli. You're 392 00:21:39,080 --> 00:21:45,600 Speaker 1: listening to Bloomberg one. You're listening to sound On with 393 00:21:45,720 --> 00:21:49,040 Speaker 1: Kevin Cirelli. I'm Tom Keane tomorrow morning at seven on 394 00:21:49,160 --> 00:21:53,399 Speaker 1: Bloomberg Surveillance. David Rubinstein of the Carlin Group on his 395 00:21:53,760 --> 00:21:58,560 Speaker 1: peer to peer a conversation with General Kelly. That's Bloomberg 396 00:21:58,640 --> 00:22:04,760 Speaker 1: Surveillance tomorrow morning. It's seven. I'm Bloomberg. You're listening to 397 00:22:05,040 --> 00:22:09,640 Speaker 1: sound On with Kevin's really on Bloomberg one and one 398 00:22:09,680 --> 00:22:13,520 Speaker 1: oh five point seven f m h D two Baltimore Kickoff. 399 00:22:14,920 --> 00:22:18,280 Speaker 1: Joining us on the telephone line, Mark Lauter. He is 400 00:22:18,320 --> 00:22:23,679 Speaker 1: the strategic communications director for President Trump's re election campaign. 401 00:22:23,800 --> 00:22:28,000 Speaker 1: You are in Orlando, Mark, Where's precisely are you right 402 00:22:28,040 --> 00:22:32,040 Speaker 1: now as we await for President Trump's kickoff kickoff rally? Well, 403 00:22:32,080 --> 00:22:35,440 Speaker 1: I am in a in a room backstage Kevin waiting 404 00:22:35,520 --> 00:22:39,520 Speaker 1: for the program to start. Uh. Spent most of the 405 00:22:39,560 --> 00:22:42,720 Speaker 1: day out at and we had thousands upon thousands of 406 00:22:42,720 --> 00:22:46,080 Speaker 1: people who camped out for forty some plus hours to 407 00:22:46,160 --> 00:22:49,119 Speaker 1: see the president speak tonight, and there was live band 408 00:22:49,200 --> 00:22:51,200 Speaker 1: and food trucks. It was great. It was a great event. 409 00:22:51,400 --> 00:22:55,119 Speaker 1: You know, I'm thinking back to the to the first 410 00:22:55,160 --> 00:22:57,920 Speaker 1: election and there's rallies. I mean, for folks who have 411 00:22:58,040 --> 00:23:01,639 Speaker 1: never been the Florida rallies were insane and that is 412 00:23:01,680 --> 00:23:04,240 Speaker 1: the right word. I mean, you see all types of things. 413 00:23:04,359 --> 00:23:05,840 Speaker 1: Set the scene. What are you seeing? I mean, what 414 00:23:05,920 --> 00:23:07,520 Speaker 1: are the signs that you're seeing? What are you seeing? 415 00:23:07,520 --> 00:23:11,040 Speaker 1: Don't like take take us there? Set the scene for us? Well, 416 00:23:11,040 --> 00:23:12,560 Speaker 1: I mean I think that just a general fact that 417 00:23:12,600 --> 00:23:15,640 Speaker 1: you've got over a hundred thousand people request tickets for 418 00:23:15,720 --> 00:23:18,359 Speaker 1: an arena that seats about twenty and we're maybe hoping 419 00:23:18,359 --> 00:23:21,040 Speaker 1: we get and here fire Marshal will let us. But 420 00:23:21,800 --> 00:23:24,000 Speaker 1: you know, that just shows you the amount and the 421 00:23:24,040 --> 00:23:25,840 Speaker 1: fact of the matter is that you had hundreds, if 422 00:23:25,840 --> 00:23:28,199 Speaker 1: not a thousand folks or show camp out, some of 423 00:23:28,240 --> 00:23:31,440 Speaker 1: them forty two hours in advance. They spent two nights 424 00:23:31,440 --> 00:23:35,159 Speaker 1: in a tent on a sidewalk in Florida heat and humidity. 425 00:23:35,240 --> 00:23:38,560 Speaker 1: They survived at least a couple of serious thunderstorms and 426 00:23:38,640 --> 00:23:41,119 Speaker 1: didn't even bat an eye. They were backed out in 427 00:23:41,160 --> 00:23:43,359 Speaker 1: their red, white and blue and they were bound determined 428 00:23:43,400 --> 00:23:45,440 Speaker 1: they were going to watch the President United States announced 429 00:23:45,480 --> 00:23:48,480 Speaker 1: his reelection bid. And it was just so amazing to 430 00:23:48,520 --> 00:23:51,400 Speaker 1: see with the energy in the passion that they Mark 431 00:23:51,480 --> 00:23:53,919 Speaker 1: Latter is there. He is the former communications director to 432 00:23:54,080 --> 00:23:57,240 Speaker 1: Vice President Mike Pence. He's a Trump insider. He's calling 433 00:23:57,320 --> 00:24:00,720 Speaker 1: us from Orlando, Florida, where President Trump such a stake 434 00:24:00,880 --> 00:24:05,679 Speaker 1: the stage to kick off formally reelection campaign. And I 435 00:24:05,720 --> 00:24:08,000 Speaker 1: want to take votes behind the scenes here because we 436 00:24:08,080 --> 00:24:10,840 Speaker 1: see these massive rallies, We see the hundreds or the 437 00:24:10,840 --> 00:24:13,440 Speaker 1: thousands of people who are attending these rallies. But there's 438 00:24:13,520 --> 00:24:16,359 Speaker 1: a strategy here. You guys take all of their data, 439 00:24:16,680 --> 00:24:19,560 Speaker 1: to take all of their data, you know exactly where 440 00:24:19,560 --> 00:24:22,159 Speaker 1: they live, to try to mobilize them to get to 441 00:24:22,240 --> 00:24:25,720 Speaker 1: the polls. No, absolutely, and I mean it's it's it's 442 00:24:25,760 --> 00:24:30,080 Speaker 1: part of the brilliant data strategy that goes in play 443 00:24:30,119 --> 00:24:32,400 Speaker 1: with not only the Republican National Committee and the work 444 00:24:32,440 --> 00:24:35,000 Speaker 1: that they've been doing for a decade investing into this 445 00:24:35,000 --> 00:24:37,800 Speaker 1: this process. But then when you add the ability of 446 00:24:37,880 --> 00:24:41,760 Speaker 1: President Donald Trump to be able to bring out thousand 447 00:24:41,840 --> 00:24:43,480 Speaker 1: or have a hundred thousand like we do in Florida. 448 00:24:43,520 --> 00:24:45,760 Speaker 1: People who are willing to sign up take days off 449 00:24:45,800 --> 00:24:47,439 Speaker 1: of work to come stand in line to see the 450 00:24:47,440 --> 00:24:50,960 Speaker 1: president speak. And when you put all of that data together, 451 00:24:51,800 --> 00:24:55,400 Speaker 1: you know, it provides a very detailed profile of each 452 00:24:55,400 --> 00:24:58,600 Speaker 1: individual person they're likely to vote. And I'll tell you 453 00:24:58,600 --> 00:25:00,680 Speaker 1: you know, we have kind of a running a statement 454 00:25:00,760 --> 00:25:03,040 Speaker 1: or thought in the campaign that if you're willing to 455 00:25:03,080 --> 00:25:06,360 Speaker 1: do to stand in line, to brave the rain, take 456 00:25:06,400 --> 00:25:09,400 Speaker 1: a day off of work on a Tuesday, you're probably 457 00:25:09,440 --> 00:25:11,200 Speaker 1: gonna be able. We're probably gonna be able to count 458 00:25:11,200 --> 00:25:13,840 Speaker 1: on you to volunteer on Saturday. Remember that, I'm I'm 459 00:25:13,880 --> 00:25:16,040 Speaker 1: I'm old enough to remember when this was the fight 460 00:25:16,560 --> 00:25:20,080 Speaker 1: back in the among the folks when when Trump first 461 00:25:20,080 --> 00:25:22,919 Speaker 1: announced that they were saying, oh, these people are never 462 00:25:22,960 --> 00:25:25,880 Speaker 1: going to vote their first time voters are they've never voted? Well, 463 00:25:26,000 --> 00:25:27,399 Speaker 1: it turns out they do vote. I do want to 464 00:25:27,400 --> 00:25:29,359 Speaker 1: ask you what kind of President Trump are we gonna get? 465 00:25:29,400 --> 00:25:31,240 Speaker 1: Is gonna be off prompter? What are we gonna here tonight? 466 00:25:31,440 --> 00:25:33,720 Speaker 1: From President Trump? Well, I can guarantee that you're gonna 467 00:25:33,720 --> 00:25:36,000 Speaker 1: hear a president who's excited, he's energetic. I talked to 468 00:25:36,080 --> 00:25:37,800 Speaker 1: him a couple of weeks ago, right before he left 469 00:25:37,800 --> 00:25:40,600 Speaker 1: for Europe, and he was rare and to go. Then, Uh, 470 00:25:40,760 --> 00:25:42,840 Speaker 1: he's going to talk about the progress that we've made, 471 00:25:42,840 --> 00:25:45,280 Speaker 1: the promises that he's made and kept. He's going to 472 00:25:45,359 --> 00:25:48,280 Speaker 1: talk about how people are doing better in their paychecks. 473 00:25:49,000 --> 00:25:51,840 Speaker 1: And we've got here's an interesting phenomenon right now. You 474 00:25:51,880 --> 00:25:54,600 Speaker 1: don't remember always growing up, people went looking for jobs. 475 00:25:54,600 --> 00:25:57,600 Speaker 1: Now jobs go looking for people. We have one point 476 00:25:57,680 --> 00:26:00,600 Speaker 1: six million more jobs than we do people who are 477 00:26:00,600 --> 00:26:03,919 Speaker 1: looking for a job. That is an amazing statistic. And 478 00:26:03,960 --> 00:26:06,520 Speaker 1: you know what, it can go the other way. We've 479 00:26:06,560 --> 00:26:09,320 Speaker 1: already seen how the Democrats are campaigning. Many of them 480 00:26:09,320 --> 00:26:10,800 Speaker 1: are saying, first thing out of the gate, they're gonna 481 00:26:10,880 --> 00:26:13,800 Speaker 1: raise taxes. It's gonna drive us back to that old 482 00:26:14,000 --> 00:26:17,160 Speaker 1: method where many in the mainstream media had to call 483 00:26:17,280 --> 00:26:20,800 Speaker 1: slow growth the new normal. All right, and then what 484 00:26:20,840 --> 00:26:23,600 Speaker 1: do you think, Uh? What else? I mean, seriously, what 485 00:26:23,640 --> 00:26:25,639 Speaker 1: else are we gonna here tonight? In terms of me? Well, 486 00:26:25,720 --> 00:26:28,480 Speaker 1: you hear the president talking about you know, twenty democrats 487 00:26:28,560 --> 00:26:30,760 Speaker 1: running for president. I mean, we're gonna is gonna nickname 488 00:26:30,760 --> 00:26:32,080 Speaker 1: any of them? I think he'll talk about some of 489 00:26:32,080 --> 00:26:34,679 Speaker 1: the policies that they're already endorsing. You've got you've got 490 00:26:34,880 --> 00:26:38,159 Speaker 1: candidates out there talking about taking away people's private health insurance, 491 00:26:38,520 --> 00:26:42,240 Speaker 1: nationalizing the health insurance industry and other industries. You've got 492 00:26:42,240 --> 00:26:45,679 Speaker 1: people who are talking about taking away people's Medicare advantage plans, 493 00:26:45,880 --> 00:26:48,440 Speaker 1: which has a devastating effect here in the state of 494 00:26:48,480 --> 00:26:51,320 Speaker 1: Florida in so many other places. Uh, you know, in 495 00:26:51,680 --> 00:26:54,919 Speaker 1: in place after place, policy after policy, the Democrats are 496 00:26:54,920 --> 00:26:57,480 Speaker 1: talking about things that are going to take away jobs, 497 00:26:57,760 --> 00:27:01,280 Speaker 1: stifle our economy, taking away people's fredom and I would 498 00:27:01,280 --> 00:27:03,960 Speaker 1: be I'd be shocked if he didn't mention something like that. 499 00:27:04,119 --> 00:27:07,440 Speaker 1: And uh, and then also remind folks that this is 500 00:27:07,480 --> 00:27:10,240 Speaker 1: an election about them, This is not This is not 501 00:27:10,320 --> 00:27:13,280 Speaker 1: an election about him. It's an election about them, their freedom. 502 00:27:13,320 --> 00:27:16,600 Speaker 1: The kind of country that we have where we cherish freedom, 503 00:27:16,640 --> 00:27:19,280 Speaker 1: when we reward hard work and innovation, those are the 504 00:27:19,320 --> 00:27:20,919 Speaker 1: kinds of things that the president wants to do for 505 00:27:20,960 --> 00:27:23,480 Speaker 1: every American. Al Right, Mark Latter, I know you got 506 00:27:23,480 --> 00:27:26,160 Speaker 1: a busy business, and I appreciate you stopping by with Bloomberg. 507 00:27:26,359 --> 00:27:28,119 Speaker 1: Go get a food truck food while you're down there, 508 00:27:28,160 --> 00:27:34,800 Speaker 1: Mark Latter Everybody campaign strategic communications director. He's live down 509 00:27:34,800 --> 00:27:38,840 Speaker 1: there in Orlando, Live Now panel reaction Matt Gorman, vice 510 00:27:38,880 --> 00:27:43,240 Speaker 1: president of Targeted Victory, and former NRCC communications director Kevin Walling. 511 00:27:43,800 --> 00:27:46,000 Speaker 1: You sat there, you listened to that, you covered you 512 00:27:46,040 --> 00:27:48,880 Speaker 1: know you heard it, Democratic strategist at h G Creative 513 00:27:48,920 --> 00:27:51,359 Speaker 1: Creative Media. I think we're gonna let keV? keV? What 514 00:27:51,400 --> 00:27:52,720 Speaker 1: do you? What do you? What do you think? Yeah? 515 00:27:52,760 --> 00:27:55,159 Speaker 1: I mean it was incredible to hear Mark bring up 516 00:27:55,200 --> 00:27:57,800 Speaker 1: healthcare because that's something that Republicans on the Hill have 517 00:27:57,920 --> 00:28:00,760 Speaker 1: been hesitant to bring up and have put pressure on 518 00:28:00,760 --> 00:28:03,280 Speaker 1: the President to stop talking about because they have no 519 00:28:03,400 --> 00:28:06,600 Speaker 1: solution on that front. More than a million Americans over 520 00:28:06,640 --> 00:28:09,199 Speaker 1: the last two years of this administration have actually lost 521 00:28:09,600 --> 00:28:12,280 Speaker 1: their their health insurance coverage. So the fact that this 522 00:28:12,320 --> 00:28:14,440 Speaker 1: president thinks he's gonna run on this when we know 523 00:28:14,760 --> 00:28:17,359 Speaker 1: that was a major factor in the Democratic success in 524 00:28:19,040 --> 00:28:22,840 Speaker 1: is beyond laughable. I think well's two things. First, mover 525 00:28:22,960 --> 00:28:25,320 Speaker 1: on healthcare always loses. I mean, look, we'll be paid 526 00:28:25,320 --> 00:28:29,240 Speaker 1: the price for that in I get that, But Medicare 527 00:28:29,320 --> 00:28:31,320 Speaker 1: for all, a you know, single pair of healthcare is 528 00:28:31,359 --> 00:28:33,320 Speaker 1: gonna be on the table in twenty that's gonna be 529 00:28:33,320 --> 00:28:35,280 Speaker 1: something we talk about with you know, we have no 530 00:28:35,359 --> 00:28:37,760 Speaker 1: shame about that. But when I'm looking at take take 531 00:28:37,880 --> 00:28:42,120 Speaker 1: away kind of the talking points, what tells me a 532 00:28:42,160 --> 00:28:44,720 Speaker 1: lot about the strategy in Florida is where they're doing 533 00:28:44,720 --> 00:28:48,080 Speaker 1: this rally kickoff rally in Orlandos, the I four quarter, 534 00:28:48,320 --> 00:28:51,640 Speaker 1: essentially the swingiest part of Florida. It's had a lot 535 00:28:51,960 --> 00:28:54,880 Speaker 1: of Puerto Ricans moving from Puerto Rico, obviously in the 536 00:28:54,960 --> 00:28:57,800 Speaker 1: last couple of months to year, a year and a 537 00:28:57,840 --> 00:29:00,720 Speaker 1: half or so, a lot of new voter. President Trump's 538 00:29:00,720 --> 00:29:02,760 Speaker 1: gonna have to apeel dudes, you have to win. I 539 00:29:03,000 --> 00:29:05,800 Speaker 1: four is gonna be very important. Obviously Trump campaign knows that, 540 00:29:06,480 --> 00:29:08,400 Speaker 1: and to Matt's point, it's it's a very good one, 541 00:29:08,560 --> 00:29:11,240 Speaker 1: both in terms of the influx of Puerto Rican UH 542 00:29:11,640 --> 00:29:14,920 Speaker 1: residents who automatically are registered to vote and can vote 543 00:29:14,920 --> 00:29:17,160 Speaker 1: in a Florida election, being the fact that they are 544 00:29:17,200 --> 00:29:20,200 Speaker 1: American citizens, and also to the fact that we passed 545 00:29:20,200 --> 00:29:25,440 Speaker 1: a constitutional amendment reenfranchising UH many Floridians who had made 546 00:29:25,440 --> 00:29:27,360 Speaker 1: their way through the criminal justice system who will be 547 00:29:27,480 --> 00:29:30,080 Speaker 1: voting for the first time in So it's gonna be 548 00:29:30,240 --> 00:29:34,560 Speaker 1: a very different electorate than the presidents. Seen. I did 549 00:29:34,560 --> 00:29:37,160 Speaker 1: you guys see this around what we all live in Washington? 550 00:29:37,520 --> 00:29:40,920 Speaker 1: These medicare for all graffiti's that are all like over 551 00:29:40,960 --> 00:29:44,960 Speaker 1: downtown Washington, d C. Seen some of the AOC one 552 00:29:44,640 --> 00:29:46,760 Speaker 1: I see. I see the AOC ones. It's like the 553 00:29:46,800 --> 00:29:50,840 Speaker 1: AOC Obama art type of style. But I always wonder, 554 00:29:51,000 --> 00:29:54,200 Speaker 1: like who is behind this graffiti? I don't know, but 555 00:29:54,320 --> 00:29:59,280 Speaker 1: keep doing it, please, Obama. I need more of that. 556 00:29:59,640 --> 00:30:02,640 Speaker 1: I like the Trump a lot of defense. You're not 557 00:30:02,760 --> 00:30:06,080 Speaker 1: encouraging any graffiti are on the public airwaves. My god, 558 00:30:06,080 --> 00:30:09,280 Speaker 1: it was the last thing I need is that? Is 559 00:30:09,280 --> 00:30:10,719 Speaker 1: that coming out? All? Right? What else is going on? 560 00:30:10,760 --> 00:30:12,040 Speaker 1: I mean, I was struck by this. I want to 561 00:30:12,040 --> 00:30:14,400 Speaker 1: get back to policy. By the way, this Trump in 562 00:30:14,520 --> 00:30:16,320 Speaker 1: Orlando thing, everyone, I'm go and I can't wait to 563 00:30:16,320 --> 00:30:18,480 Speaker 1: watch it tonight. It's going to be so much to 564 00:30:18,520 --> 00:30:23,240 Speaker 1: talk about. Do we think it will be under? Do 565 00:30:23,280 --> 00:30:26,520 Speaker 1: we think it will be under? Two hours? Over under? 566 00:30:27,360 --> 00:30:30,160 Speaker 1: I remember, I mean like it's going to be fatcindating, 567 00:30:30,200 --> 00:30:31,800 Speaker 1: But I do want to pivot back to policy that 568 00:30:31,960 --> 00:30:34,080 Speaker 1: just to kind of bring it all home. Switch gears, 569 00:30:34,120 --> 00:30:37,440 Speaker 1: We've got about minute and a half left. I was 570 00:30:37,480 --> 00:30:40,280 Speaker 1: struck by something Senator Mark Warner told me today, Democrat 571 00:30:40,320 --> 00:30:42,960 Speaker 1: from Virginia, he's on Senti Finance, and I caught up 572 00:30:42,960 --> 00:30:45,440 Speaker 1: with him in the hallway. Two things he was talking 573 00:30:45,480 --> 00:30:47,880 Speaker 1: to reporters. The first was he doesn't want to see 574 00:30:47,920 --> 00:30:50,520 Speaker 1: this issue of fah Awe being negotiated as a bargaining 575 00:30:50,560 --> 00:30:53,120 Speaker 1: ship whatsoever. And he was praised worthy of President Trump 576 00:30:53,360 --> 00:30:57,200 Speaker 1: up until now for really going aggressively against Wahwei uh 577 00:30:57,240 --> 00:31:00,320 Speaker 1: and and he as as well as Republicans up on 578 00:31:00,440 --> 00:31:02,680 Speaker 1: Capitol Hill, I've been trying to get the Europeans to 579 00:31:02,680 --> 00:31:05,320 Speaker 1: get on board with us, you know, Democrats and Republicans 580 00:31:05,320 --> 00:31:07,480 Speaker 1: trying to get the Europeans on board with us to 581 00:31:07,640 --> 00:31:12,360 Speaker 1: not do business with Chinese telecommunications state run operation Huawei. 582 00:31:12,880 --> 00:31:16,800 Speaker 1: And so now the President and his public rhetoric signals 583 00:31:16,800 --> 00:31:18,920 Speaker 1: that he might be using that as a bargaining ship. 584 00:31:19,200 --> 00:31:21,520 Speaker 1: Mark Warner doesn't like that at all. But then there 585 00:31:21,560 --> 00:31:24,520 Speaker 1: was something else, and it was on the cryptocurrency with Facebook, 586 00:31:24,560 --> 00:31:28,520 Speaker 1: and he says that's gonna be another type of conversation 587 00:31:29,040 --> 00:31:30,880 Speaker 1: that they're still going to be looking into. And he 588 00:31:30,920 --> 00:31:32,280 Speaker 1: kind of rolled his eyes and laughed at me when 589 00:31:32,280 --> 00:31:34,600 Speaker 1: I asked him about that. But on Huawei, keV, what 590 00:31:34,600 --> 00:31:36,200 Speaker 1: do you think? Well, And to your point, I mean, 591 00:31:36,280 --> 00:31:38,480 Speaker 1: not only is Mark warn to remember, the Finance Committee, 592 00:31:38,520 --> 00:31:40,600 Speaker 1: the Senate Finance Committee, but he's also the ranking member 593 00:31:40,640 --> 00:31:44,200 Speaker 1: on intelligence, so he is at the kind of center 594 00:31:44,280 --> 00:31:47,320 Speaker 1: of this debate with China. It's a national security issue. 595 00:31:47,320 --> 00:31:49,520 Speaker 1: I agree with the President in terms of his tech 596 00:31:49,600 --> 00:31:51,640 Speaker 1: and and and with Center Warner by making it a 597 00:31:51,720 --> 00:31:54,240 Speaker 1: national security issue and just waiting our allies. None of 598 00:31:55,720 --> 00:31:58,880 Speaker 1: Miami next week. I mean, I'd love to live there 599 00:31:58,920 --> 00:32:01,440 Speaker 1: for a year. And all right, Bloomberg, let's bring the 600 00:32:01,440 --> 00:32:03,360 Speaker 1: show down. I am going to Miami. We're doing the 601 00:32:03,360 --> 00:32:06,920 Speaker 1: show from what you Let's go the first presidential debate. 602 00:32:07,000 --> 00:32:09,640 Speaker 1: Kevin Walling, thank you, MATC. Gorman, thank you. Have fun 603 00:32:09,680 --> 00:32:11,959 Speaker 1: watching Southern charm tonight. Thank you. That's it for me. 604 00:32:12,000 --> 00:32:15,959 Speaker 1: Mark Louder, thank you too. I'm Kevin Crelli. Bloomberg Daybreak 605 00:32:16,280 --> 00:32:20,440 Speaker 1: Asia is coming up next. And remember you can download 606 00:32:20,440 --> 00:32:23,520 Speaker 1: the sound on podcast on Apple iTunes, at Bloomberg dot com, 607 00:32:23,600 --> 00:32:25,880 Speaker 1: or my downloading the Bloomberg Business app. You can also 608 00:32:26,000 --> 00:32:30,800 Speaker 1: find us on radio dot com, I Heart Radio, and Spotify. 609 00:32:30,880 --> 00:32:32,760 Speaker 1: I'm Kevin. You're listening to Bloomberg