1 00:00:00,400 --> 00:00:03,160 Speaker 1: Live from our nation's came this budget thing is gonna 2 00:00:03,160 --> 00:00:05,840 Speaker 1: do nothing Space Force. I still think it's interesting President 3 00:00:05,880 --> 00:00:09,520 Speaker 1: Trump not playing his cards yet. Headlines Policy and Politics, 4 00:00:09,600 --> 00:00:15,040 Speaker 1: Aligning to Bloomberg Sound On, the Insiders, the Influencers. I 5 00:00:15,040 --> 00:00:17,720 Speaker 1: would rather see a congressional solution. It's part of my DNA. 6 00:00:17,960 --> 00:00:20,639 Speaker 1: The Senate map in looks a lot different than it 7 00:00:20,640 --> 00:00:24,000 Speaker 1: looked in. You really have a divide within Team Trump. 8 00:00:24,079 --> 00:00:26,400 Speaker 1: The president has to do exactly what people send him 9 00:00:26,400 --> 00:00:28,240 Speaker 1: here to do, which is to get it done. This 10 00:00:28,840 --> 00:00:32,600 Speaker 1: is Bloomberg Sound On with Kevin Shirley, live from a 11 00:00:32,720 --> 00:00:38,519 Speaker 1: Democratic presidential debate in Detroit on Bloomberg Radio. I'm Kevin Curreli, 12 00:00:38,800 --> 00:00:42,640 Speaker 1: Chief Washington correspondent for Bloomberg Television and Bloomberg Radio. I'm 13 00:00:42,680 --> 00:00:45,559 Speaker 1: here live inside of the Spin Room. It's night to halftime. 14 00:00:45,720 --> 00:00:49,520 Speaker 1: Is just about over night too, of the second Democratic 15 00:00:49,520 --> 00:00:52,800 Speaker 1: presidential debate. All eyes just a few short hours here 16 00:00:52,800 --> 00:00:55,120 Speaker 1: in the Motor City will be on former Vice President 17 00:00:55,200 --> 00:00:59,600 Speaker 1: Joe Biden, Senators Kamala Harris, Corey Booker, don't forget about 18 00:00:59,640 --> 00:01:03,160 Speaker 1: Holy cashtro and a host of others. But how will 19 00:01:03,200 --> 00:01:07,080 Speaker 1: the ideological shadow of Senators Elizabeth Warren and Bernie Sanders 20 00:01:07,440 --> 00:01:12,320 Speaker 1: cast itself on the historic Fox Theater, back where Elvis 21 00:01:12,360 --> 00:01:14,600 Speaker 1: Presley used to perform. We've got an all star panel 22 00:01:14,680 --> 00:01:16,920 Speaker 1: joining us here for the hour, live from inside of 23 00:01:16,920 --> 00:01:21,080 Speaker 1: the Spin Room. We've got Wendy benjam Wendy Benjaminson, she 24 00:01:21,160 --> 00:01:24,240 Speaker 1: is Bloomberg News Politics senator. I'm not keeps track of 25 00:01:24,240 --> 00:01:27,039 Speaker 1: all the candidates. Francesca Chambers is gonna stop by White 26 00:01:27,040 --> 00:01:30,360 Speaker 1: House correspondent for The Daily Mail. Max Greenwood is national 27 00:01:30,360 --> 00:01:34,119 Speaker 1: political correspondent for The Hill Newspaper, and Adrian Watson will 28 00:01:34,160 --> 00:01:36,840 Speaker 1: make her uh sound on debut. She is bar room 29 00:01:36,920 --> 00:01:41,240 Speaker 1: director for the Democratic National Committee. I'll also bring you 30 00:01:41,280 --> 00:01:43,720 Speaker 1: a portion of my interview from earlier today on Bloomberg 31 00:01:43,760 --> 00:01:48,760 Speaker 1: Television with Democratic National Committee Chairman Tom Perez. But before 32 00:01:48,800 --> 00:01:51,760 Speaker 1: we get to all of that, we are literally across 33 00:01:51,800 --> 00:01:54,080 Speaker 1: the street from the historic Fox Theater, where in just 34 00:01:54,360 --> 00:01:57,640 Speaker 1: a few short hours, the CNN Night Too of the 35 00:01:57,680 --> 00:02:01,840 Speaker 1: Democratic Presidential Debate is underway. Eight. You can listen tonight 36 00:02:01,880 --> 00:02:05,200 Speaker 1: too of the Democratic Presidential Debate here tonight on Bloomberg Radio. 37 00:02:05,520 --> 00:02:09,520 Speaker 1: I'm broadcasting from live within the Spin Room. The Spin Room. 38 00:02:09,560 --> 00:02:11,960 Speaker 1: It was I was dizzy last night like every candidate 39 00:02:12,000 --> 00:02:15,520 Speaker 1: comes through here, they say they're spin they won this 40 00:02:15,560 --> 00:02:18,280 Speaker 1: one lost, but we're all friends. We're all friends. We're 41 00:02:18,280 --> 00:02:20,600 Speaker 1: gonna get more of that tonight. But all eyes will 42 00:02:20,639 --> 00:02:24,560 Speaker 1: be on former Vice President Joe Biden. He has his 43 00:02:24,720 --> 00:02:27,359 Speaker 1: task set out for him. He will be standing literally 44 00:02:27,480 --> 00:02:31,200 Speaker 1: right next to Senator Kamala Harris, a Democrat from California. 45 00:02:31,280 --> 00:02:34,160 Speaker 1: She's skyrocketed to the top of the polls following a 46 00:02:34,200 --> 00:02:40,160 Speaker 1: strong debate, showing a strong debate, showing h during the 47 00:02:40,240 --> 00:02:45,400 Speaker 1: first presidential debate in Miami, and also on that stage, 48 00:02:45,440 --> 00:02:49,959 Speaker 1: Senator Corey Booker. Senator Corey Booker, a Democrat from New Jersey. 49 00:02:50,120 --> 00:02:51,640 Speaker 1: And there's a lot to get through. We're gonna have 50 00:02:51,680 --> 00:02:55,200 Speaker 1: every angle covered politics and policy here with me for 51 00:02:55,400 --> 00:02:58,680 Speaker 1: the hour. We've got Wendy Benjaminson, she has Bloomberg News 52 00:02:59,360 --> 00:03:03,520 Speaker 1: Politics s her and Max Greenwood, national political correspondent for 53 00:03:03,680 --> 00:03:05,960 Speaker 1: The Hill. Wendy, you and I were talking the leave 54 00:03:06,080 --> 00:03:09,520 Speaker 1: like outside of the on the streets of Detroit earlier today. 55 00:03:09,560 --> 00:03:12,600 Speaker 1: A homeless Yeah, as we're like as we're like down 56 00:03:12,600 --> 00:03:15,280 Speaker 1: in coffee trying to stay away. But but what are 57 00:03:15,280 --> 00:03:16,840 Speaker 1: you going to be looking for? What's Biden got to 58 00:03:16,880 --> 00:03:19,440 Speaker 1: do tonight that he didn't do a Miami knocking out 59 00:03:19,440 --> 00:03:21,880 Speaker 1: of the park. That's what Biden's gotta do. He has 60 00:03:21,919 --> 00:03:25,000 Speaker 1: got to show that he's actually better at debating these 61 00:03:25,000 --> 00:03:29,200 Speaker 1: issues than former Congressman John Delaney. John Delaney is a 62 00:03:29,200 --> 00:03:32,840 Speaker 1: single digit poller, low single digit poller, and he challenged 63 00:03:33,120 --> 00:03:37,120 Speaker 1: Elizabeth Warren and Bernie Sanders last night quite effectively. Joe Biden, 64 00:03:37,200 --> 00:03:39,720 Speaker 1: former Vice president senator for over thirty years, has got 65 00:03:39,720 --> 00:03:41,520 Speaker 1: to be able to do that too, Max Greenman. When 66 00:03:41,560 --> 00:03:44,280 Speaker 1: you look at someone like Senator Kamala Harris, what is 67 00:03:44,320 --> 00:03:46,000 Speaker 1: she had to do tonight? Because she's put out a 68 00:03:46,040 --> 00:03:50,920 Speaker 1: policy proposal with regards to healthcare, and now she's effectively saying, 69 00:03:51,120 --> 00:03:56,280 Speaker 1: let's debate policy. Well, Kamala Harris isn't really an ideal 70 00:03:56,320 --> 00:03:59,400 Speaker 1: logue in the same way that Bernie Sanders or Elizabeth 71 00:03:59,440 --> 00:04:01,920 Speaker 1: Warren our. So she has been a little bit slower 72 00:04:01,960 --> 00:04:05,040 Speaker 1: to the punch and putting out some of these policy proposals. 73 00:04:05,400 --> 00:04:10,680 Speaker 1: Her healthcare proposal where her her general uh general healthcare 74 00:04:10,720 --> 00:04:13,440 Speaker 1: plans have been a little bit vague in the past, 75 00:04:13,480 --> 00:04:16,080 Speaker 1: and she seemed to address that last week by putting 76 00:04:16,200 --> 00:04:19,919 Speaker 1: out a policy of her own very similar to a 77 00:04:20,000 --> 00:04:22,839 Speaker 1: Medicare for All type plan. But I'm gonna allow her 78 00:04:22,880 --> 00:04:25,480 Speaker 1: private insurance to chaine a place. Uh. So I think 79 00:04:25,520 --> 00:04:28,440 Speaker 1: tonight she's going to have to articulate that policy. She's 80 00:04:28,440 --> 00:04:31,680 Speaker 1: gonna have to show voters that she's serious about uh, 81 00:04:31,720 --> 00:04:34,400 Speaker 1: sticking to these policies and uh and drawing a strong 82 00:04:34,480 --> 00:04:38,039 Speaker 1: contrast with Bernie Sanders and Elizabeth Warren last night. You know, 83 00:04:38,080 --> 00:04:40,040 Speaker 1: I was struck by this, and Max made makes this 84 00:04:40,200 --> 00:04:42,599 Speaker 1: alluding to this point, Wendy. But on the issue of 85 00:04:42,839 --> 00:04:44,960 Speaker 1: the jabs, you know, and the and the one two 86 00:04:45,040 --> 00:04:48,400 Speaker 1: punches and the political punches, the Booker inviting campaigns have 87 00:04:48,480 --> 00:04:50,080 Speaker 1: a duke and it out, I mean not you know, 88 00:04:50,240 --> 00:04:52,720 Speaker 1: not going politically nuclear, but for lack of a better term, 89 00:04:52,720 --> 00:04:55,839 Speaker 1: I mean serving some Twitter fire, so to speak, going 90 00:04:55,920 --> 00:04:59,479 Speaker 1: back and forth. Is Senator Cory Booker really gonna gonna 91 00:04:59,560 --> 00:05:02,599 Speaker 1: try to rg as as as making that jab against 92 00:05:02,839 --> 00:05:05,000 Speaker 1: against the front runner like Biden, He wasn't on the 93 00:05:05,040 --> 00:05:07,480 Speaker 1: same to believe, wasn't on the same stages and down 94 00:05:07,520 --> 00:05:09,839 Speaker 1: in Miami. But Kamala Harris was able to steal the thunder. 95 00:05:10,240 --> 00:05:13,719 Speaker 1: That's right, And Corey Booker has been trying so hard 96 00:05:13,839 --> 00:05:17,719 Speaker 1: to get into the first sort of wrong tier, first 97 00:05:17,720 --> 00:05:20,880 Speaker 1: tier of presidential candidates. That's right, And he's doing it 98 00:05:21,200 --> 00:05:24,400 Speaker 1: by in a very traditional way, by attacking the front runner. 99 00:05:24,720 --> 00:05:28,680 Speaker 1: And he has attacked Biden. Biden has let his campaign 100 00:05:28,720 --> 00:05:31,960 Speaker 1: do the the counter punches. And tonight we'll see if 101 00:05:32,000 --> 00:05:35,039 Speaker 1: he's going to sort of bother with by with Booker 102 00:05:35,480 --> 00:05:38,680 Speaker 1: or taken on take on Kamala Harris himself. You know, 103 00:05:38,720 --> 00:05:40,680 Speaker 1: it's the problem of being the front runner. So there's 104 00:05:40,720 --> 00:05:42,400 Speaker 1: only one way to go. I mean, you're in the 105 00:05:42,400 --> 00:05:45,120 Speaker 1: front everyone, you're leader of the back. Everyone's taken shots 106 00:05:45,120 --> 00:05:47,039 Speaker 1: at you. But so I think you know, a question 107 00:05:47,040 --> 00:05:49,360 Speaker 1: I have is our are is it? They don't want 108 00:05:49,360 --> 00:05:51,279 Speaker 1: to say fair, I mean his pologies, but in the 109 00:05:51,400 --> 00:05:54,200 Speaker 1: sense is it? Biden is still at the top of 110 00:05:54,240 --> 00:05:57,279 Speaker 1: the post. I mean, he hasn't like plummeted his stock, 111 00:05:57,360 --> 00:06:02,200 Speaker 1: hasn't like completely flipped upside down. He still number one, Max, Yeah, 112 00:06:02,240 --> 00:06:03,920 Speaker 1: I mean Biden is still in the first place. And 113 00:06:03,920 --> 00:06:05,760 Speaker 1: and like you said, he's got nowhere to go at 114 00:06:05,760 --> 00:06:08,320 Speaker 1: this point. But you know, you can go in one direction. 115 00:06:08,520 --> 00:06:11,719 Speaker 1: You know, he can't really go up anymore. Uh, He's 116 00:06:11,839 --> 00:06:14,200 Speaker 1: he's you know stuck around, you know, double digits for 117 00:06:14,560 --> 00:06:16,840 Speaker 1: quite a while. So uh, you know, there's a lot 118 00:06:16,880 --> 00:06:19,280 Speaker 1: writing well on him tonight. He you know, if he 119 00:06:19,320 --> 00:06:22,080 Speaker 1: stumbles again like he did in the first debate, he's uh, 120 00:06:22,480 --> 00:06:24,920 Speaker 1: you know, he could go down a little bit more, 121 00:06:24,960 --> 00:06:27,520 Speaker 1: and it's uh, you know, someone's gonna have to supplant him. 122 00:06:27,600 --> 00:06:31,039 Speaker 1: And as like that moderate leader. He's also in a 123 00:06:31,080 --> 00:06:34,960 Speaker 1: tricky position tonight, Kevin, because he's going to be flanked 124 00:06:35,040 --> 00:06:39,680 Speaker 1: by two candidates of color and this this stage tonight 125 00:06:39,880 --> 00:06:42,760 Speaker 1: is much more diverse than last night's stage. Um, so 126 00:06:42,839 --> 00:06:45,599 Speaker 1: he's gonna be flanked by Kamala Harris and Corey Booker, 127 00:06:45,920 --> 00:06:49,400 Speaker 1: and he can't look like the old establishment white guy 128 00:06:49,520 --> 00:06:52,240 Speaker 1: beating up on two candidates of color. On the other hand, 129 00:06:52,400 --> 00:06:54,600 Speaker 1: if he doesn't look strong, he's gonna look like the 130 00:06:54,640 --> 00:06:57,039 Speaker 1: week old white guy. I'm shook by this. You and 131 00:06:57,080 --> 00:07:00,359 Speaker 1: I were talking about this by about how will what 132 00:07:00,480 --> 00:07:03,640 Speaker 1: will his vision be? Because in addition to the political 133 00:07:04,480 --> 00:07:07,880 Speaker 1: uh situation that he finds himself in on the defensive 134 00:07:07,920 --> 00:07:10,680 Speaker 1: really or trying to get back on offense, what will 135 00:07:10,760 --> 00:07:13,360 Speaker 1: his message be to the two candidates who aren't on 136 00:07:13,440 --> 00:07:15,960 Speaker 1: that stage to night, but who have really framed the 137 00:07:16,000 --> 00:07:19,720 Speaker 1: parameters of the democratic ideological debate. Agree with medicare for all, 138 00:07:19,800 --> 00:07:22,520 Speaker 1: don't agree with medicare for all. We're talking about medicare 139 00:07:22,560 --> 00:07:26,200 Speaker 1: for all, Max. So what will the policy ideas and 140 00:07:26,240 --> 00:07:28,800 Speaker 1: the vision for the future be coming from the Biden 141 00:07:28,840 --> 00:07:33,280 Speaker 1: campaign tonight? That is really you know, you know that 142 00:07:33,360 --> 00:07:35,120 Speaker 1: I think is it's something people want to hear from 143 00:07:35,160 --> 00:07:37,320 Speaker 1: from Joe Biden. They're familiar with the script where it's 144 00:07:37,320 --> 00:07:41,560 Speaker 1: they're familiar with his with his uh, you know, his family, 145 00:07:41,640 --> 00:07:45,800 Speaker 1: his story. But what ideas will he put forth that 146 00:07:45,840 --> 00:07:50,240 Speaker 1: will be Biden's plan? Well, I think here first of all, 147 00:07:50,240 --> 00:07:52,640 Speaker 1: going to see him talk a lot about his criminal 148 00:07:52,720 --> 00:07:55,080 Speaker 1: justice reform plan that he came out with last week, 149 00:07:56,560 --> 00:07:59,400 Speaker 1: you know, and and uh, I think he does that 150 00:07:59,560 --> 00:08:01,560 Speaker 1: because he's on the stage with Booker, who has put 151 00:08:01,560 --> 00:08:03,160 Speaker 1: a lot of pressure have attacks am over with the 152 00:08:03,160 --> 00:08:07,320 Speaker 1: crime bill right right, and and you know, it's it's 153 00:08:07,320 --> 00:08:10,120 Speaker 1: the idea of making clear that h And let's go 154 00:08:10,160 --> 00:08:13,480 Speaker 1: back to the first debate. Kamala Harris went after By 155 00:08:13,520 --> 00:08:15,559 Speaker 1: on the issue of buzzing, but it very much touched 156 00:08:15,560 --> 00:08:18,440 Speaker 1: on the issue of race. Uh. Booker has gone after 157 00:08:18,560 --> 00:08:22,640 Speaker 1: him on massusuration and racial disparities of the criminal justice system. 158 00:08:22,680 --> 00:08:25,600 Speaker 1: So I think what you're gonna see is Biden going 159 00:08:25,680 --> 00:08:30,840 Speaker 1: on offense, really trying to explain himself and uh, making 160 00:08:30,840 --> 00:08:33,280 Speaker 1: a positive impression, you know, And and the by campaigns 161 00:08:33,280 --> 00:08:35,240 Speaker 1: pitch has been that he could win back. There's seventy 162 00:08:35,280 --> 00:08:39,720 Speaker 1: thousand voters flipped from President Obama to to and voted 163 00:08:39,760 --> 00:08:42,040 Speaker 1: for Trump. And in states like Michigan where we are, 164 00:08:42,160 --> 00:08:45,720 Speaker 1: General Motors Country, General Motors Country, the headquarters of General 165 00:08:45,760 --> 00:08:48,240 Speaker 1: Motors just a few short blocks from where we are. 166 00:08:48,559 --> 00:08:51,400 Speaker 1: Speaking of the economy, the President tweeting about it. Uh, 167 00:08:51,400 --> 00:08:53,719 Speaker 1: he tweeted out just within the last half hour. What 168 00:08:53,840 --> 00:08:56,040 Speaker 1: the market wanted to hear from j. Powell and the 169 00:08:56,040 --> 00:08:58,320 Speaker 1: Federal Reserve was that this was the beginning of a 170 00:08:58,400 --> 00:09:01,520 Speaker 1: lengthy and aggressive rate cutting cycle which would keep pace 171 00:09:01,600 --> 00:09:05,200 Speaker 1: with China and other countries as usual. Power let us down. 172 00:09:05,200 --> 00:09:07,720 Speaker 1: I'll get to those implications coming up and how the 173 00:09:07,800 --> 00:09:11,359 Speaker 1: economy will frame Night two of the second Democratic presidential 174 00:09:11,360 --> 00:09:14,600 Speaker 1: Debate Panel stays rend Jessica Chambers. This year, she's gonna 175 00:09:14,679 --> 00:09:18,400 Speaker 1: join us. You can download the sound on podcast on Apple, 176 00:09:18,440 --> 00:09:20,559 Speaker 1: it tunes, at Bloomberg dot com, or by downloading Bloomberg 177 00:09:20,600 --> 00:09:23,040 Speaker 1: Business app. You can also find us on iHeart Radio, 178 00:09:23,360 --> 00:09:26,400 Speaker 1: Radio dot com and Spotify. I'm Kevin Serelli in the 179 00:09:26,440 --> 00:09:34,480 Speaker 1: Motor City. This is Bloomberg. You're listening to Bloomberg Sound 180 00:09:34,520 --> 00:09:38,600 Speaker 1: On with Kevin Zerelli live from the Democratic presidential debate 181 00:09:38,640 --> 00:09:43,520 Speaker 1: in Detroit, Michigan on Bloomberg Radio. Larry Springsteen one of 182 00:09:43,520 --> 00:09:46,000 Speaker 1: my favorites. Look, it was no shade to better work 183 00:09:46,080 --> 00:09:48,800 Speaker 1: and the board to run controversy when he launched in 184 00:09:49,160 --> 00:09:52,160 Speaker 1: Vanity Fair the cover. Remember that. I'm Kevin Cerelli, Chief 185 00:09:52,240 --> 00:09:56,600 Speaker 1: Washington correspondent for Bloomberg Television Bloomberg Radio. I'm looking literally 186 00:09:56,720 --> 00:10:00,720 Speaker 1: at the spin room floor here in downtown Detroit, where 187 00:10:00,840 --> 00:10:04,400 Speaker 1: it will be home to the second night two of 188 00:10:04,440 --> 00:10:07,320 Speaker 1: the second Democratic presidential debate in the Motor City. Here 189 00:10:07,320 --> 00:10:10,920 Speaker 1: with me Wendy Benjaminson. She's the Bloomberg News politics editor, 190 00:10:11,000 --> 00:10:15,520 Speaker 1: consummate political watcher, observer, and now an analyst of all 191 00:10:15,600 --> 00:10:19,520 Speaker 1: things politics. Francesca Chambers joined us. She's White House correspondent 192 00:10:19,600 --> 00:10:23,800 Speaker 1: for The Daily Mail. Max Greenwood's here former fellow at 193 00:10:23,840 --> 00:10:26,960 Speaker 1: Huffington Post. Now he is national political correspondent for The 194 00:10:27,040 --> 00:10:31,480 Speaker 1: Hill Newspaper, and I was struck by this, Wendy because 195 00:10:31,840 --> 00:10:34,200 Speaker 1: just within the last hour, I mean, the economy really 196 00:10:34,280 --> 00:10:39,160 Speaker 1: driving the message for the Democrats as well as for Republicans. 197 00:10:39,240 --> 00:10:42,920 Speaker 1: I mean, you've got Trade Secretary um sorry, US Trade 198 00:10:42,960 --> 00:10:46,320 Speaker 1: Representative Bob Lynheiser, US Treasury Secretary Stephen Manusian returning from 199 00:10:46,400 --> 00:10:49,760 Speaker 1: Shanghai essentially saying the talks are going to continue with 200 00:10:49,800 --> 00:10:52,720 Speaker 1: the Chinese at the fall. Meanwhile, you've got this major 201 00:10:52,800 --> 00:10:55,760 Speaker 1: rate cut decision by Fed Chair J Powell happening today. 202 00:10:55,800 --> 00:10:59,839 Speaker 1: I mean, huge news that that they're deciding to cut rates, 203 00:11:00,160 --> 00:11:03,840 Speaker 1: and the President within the last just like forty minutes, 204 00:11:04,200 --> 00:11:06,960 Speaker 1: he's saying he's been, he's been. You know, it's hammering 205 00:11:07,000 --> 00:11:10,960 Speaker 1: Fed Chair J. Powell publicly on Twitter saying please lower 206 00:11:11,000 --> 00:11:12,960 Speaker 1: the right cuts. You know what he just tweeted, He said, 207 00:11:13,040 --> 00:11:16,319 Speaker 1: quote as usual, Powell let us down. But at least 208 00:11:16,360 --> 00:11:19,880 Speaker 1: he is ending quantitative tightening, which shouldn't have started in 209 00:11:19,960 --> 00:11:22,920 Speaker 1: first place. No inflation. We are winning anyway, but I 210 00:11:22,960 --> 00:11:26,880 Speaker 1: am certainly not getting much help from the Federal Reserve. 211 00:11:26,960 --> 00:11:28,840 Speaker 1: I mean, is he doing this to turn the Fed 212 00:11:28,960 --> 00:11:31,640 Speaker 1: chair into a boogeyman of sorts in case the economy 213 00:11:31,679 --> 00:11:33,959 Speaker 1: goes south? And that way the Democrats can't hammer on 214 00:11:34,000 --> 00:11:35,880 Speaker 1: the Democrats who are about to get down that stage 215 00:11:35,880 --> 00:11:38,600 Speaker 1: in just a few short hours. That's absolutely right. He 216 00:11:38,640 --> 00:11:43,199 Speaker 1: can blame FED Chairman Powell for any slowdown in the economy. Um, 217 00:11:43,240 --> 00:11:46,200 Speaker 1: and this is the slowdown in the economy is exactly 218 00:11:46,200 --> 00:11:50,080 Speaker 1: what this Democratic field needs to show that this expansion 219 00:11:50,120 --> 00:11:54,320 Speaker 1: of Trump's is not long lasting and is his fault 220 00:11:54,720 --> 00:11:57,920 Speaker 1: because of the trade wars. And so it's actually good 221 00:11:57,920 --> 00:12:00,160 Speaker 1: news for the Democrats. Maybe that's a great is for 222 00:12:00,200 --> 00:12:03,040 Speaker 1: the count You know, I'm struck by this, Francesca Chambers, 223 00:12:03,080 --> 00:12:06,640 Speaker 1: Senior White House correspondent for The Daily Mail, because this 224 00:12:06,720 --> 00:12:09,679 Speaker 1: is where we are standing in Detroit, Michigan, just a 225 00:12:09,720 --> 00:12:14,679 Speaker 1: few short blocks from the headquarters of General Motors Auto Workers. 226 00:12:15,040 --> 00:12:18,400 Speaker 1: I mean, these are swing voters that the Democrats, who 227 00:12:18,400 --> 00:12:20,600 Speaker 1: ever is on that stage, Former Vice President Joe Biden, 228 00:12:20,880 --> 00:12:24,880 Speaker 1: Senator Kamala Harris, Corey Booker, Holly and Cash are they're 229 00:12:24,880 --> 00:12:26,720 Speaker 1: gonna have. They're gonna debate in a few short hours. 230 00:12:26,880 --> 00:12:30,080 Speaker 1: They're gonna have to talk directly to those voters and 231 00:12:30,200 --> 00:12:33,360 Speaker 1: make the pitch on issues like trade policy. This came 232 00:12:33,440 --> 00:12:35,720 Speaker 1: up last night, Francesca, I want to play for you. 233 00:12:36,280 --> 00:12:39,920 Speaker 1: What better Roort said about terroriffs, the former Texas congressman. 234 00:12:40,080 --> 00:12:43,079 Speaker 1: Take a listen to what Beta said about terriffs or 235 00:12:43,080 --> 00:12:46,840 Speaker 1: whether or not they're going to negotiate. There are huge mistake. 236 00:12:47,000 --> 00:12:51,520 Speaker 1: They constitute the largest tax increase the American consumer, hitting 237 00:12:51,679 --> 00:12:55,440 Speaker 1: the middle class and the working poor especially hard and 238 00:12:55,559 --> 00:12:59,080 Speaker 1: farmers in Iowa and across the country are bearing the 239 00:12:59,120 --> 00:13:03,400 Speaker 1: brunt of the cots aquences better reward. Francesca says tariff's 240 00:13:03,440 --> 00:13:06,640 Speaker 1: bad Sanders of War and don't necessarily agree with them. 241 00:13:06,640 --> 00:13:08,480 Speaker 1: And in fact, we've got this big U S m 242 00:13:08,559 --> 00:13:10,800 Speaker 1: c A deal that could get vote on in just 243 00:13:10,840 --> 00:13:15,160 Speaker 1: a few short months. Warren's against it, not because it terroriffs, 244 00:13:15,160 --> 00:13:17,560 Speaker 1: but because she says it's not progressive enough. Take a 245 00:13:17,600 --> 00:13:19,559 Speaker 1: listen to what she said last night about U. S 246 00:13:19,679 --> 00:13:23,600 Speaker 1: n c A. Anyone who thinks that these trade deals 247 00:13:23,600 --> 00:13:26,800 Speaker 1: are mostly about tariffs just don't understand what's going on. 248 00:13:27,160 --> 00:13:30,160 Speaker 1: Look at the new NAFTA to point out what's the 249 00:13:30,240 --> 00:13:35,720 Speaker 1: central feature. It's to help pharmaceutical companies get longer periods 250 00:13:35,760 --> 00:13:41,400 Speaker 1: of exclusivity so they can charge Canadians, Americans and Mexicans 251 00:13:41,800 --> 00:13:45,720 Speaker 1: more money and make more profits. That's what train deals 252 00:13:45,720 --> 00:13:48,440 Speaker 1: have become. So if it feels like I'm jumping around 253 00:13:48,440 --> 00:13:50,719 Speaker 1: between the Fed and China and U. S m c A, 254 00:13:51,080 --> 00:13:53,400 Speaker 1: I mean, it's because all of it blurs together. I know, 255 00:13:53,480 --> 00:13:55,599 Speaker 1: it absolutely does, and I was honestly surprised that it 256 00:13:55,679 --> 00:13:58,240 Speaker 1: didn't get more discussion last night. The first hour of 257 00:13:58,280 --> 00:14:01,640 Speaker 1: the debate was really about Bernie Sanders Medicare for All plan, 258 00:14:01,760 --> 00:14:03,960 Speaker 1: and of course then from there they moved into the 259 00:14:04,000 --> 00:14:07,600 Speaker 1: topic of illegal immigration, which veered backed out toward healthcare. 260 00:14:07,840 --> 00:14:09,839 Speaker 1: But we didn't really get to hear very much from 261 00:14:09,840 --> 00:14:13,000 Speaker 1: Elizabeth Warren or Bernie Sanders about these topics, which was 262 00:14:13,040 --> 00:14:16,040 Speaker 1: surprising considering that Donald Trump has spent so much time 263 00:14:16,240 --> 00:14:18,480 Speaker 1: saying the reason that he should be reelected is because 264 00:14:18,520 --> 00:14:21,120 Speaker 1: the economy and that either dealmaker achieved um but none 265 00:14:21,120 --> 00:14:23,480 Speaker 1: of those deals have really come to fruition so far. 266 00:14:23,760 --> 00:14:26,400 Speaker 1: The U. S m c A. He he has agreed 267 00:14:26,440 --> 00:14:29,320 Speaker 1: on that with, you know, with Canada and Mexico, but Congress, 268 00:14:29,320 --> 00:14:32,640 Speaker 1: as you just pointed out, has not passed that. Meanwhile, 269 00:14:32,760 --> 00:14:35,280 Speaker 1: he hasn't had a trade deal with Japan. He has 270 00:14:35,360 --> 00:14:37,840 Speaker 1: not otherwise had some of these other trade deals work 271 00:14:37,840 --> 00:14:40,200 Speaker 1: out either. You know, I'm shuck on on U S 272 00:14:40,360 --> 00:14:42,000 Speaker 1: M C. And next because look, I mean when I 273 00:14:42,040 --> 00:14:44,760 Speaker 1: grew up outside of Philipdelco, Delaware County, I mean, but 274 00:14:44,880 --> 00:14:48,760 Speaker 1: here in Detroit, Michigan, NAFTA. I mean, there were those 275 00:14:48,880 --> 00:14:53,680 Speaker 1: voters who flipped from Obama to Trump. I mean it's 276 00:14:53,720 --> 00:14:55,520 Speaker 1: because of things like healthcare. It is because of things 277 00:14:55,560 --> 00:14:58,960 Speaker 1: like NAPTA. So this is like, I mean, this is 278 00:14:59,000 --> 00:15:02,360 Speaker 1: in many ways to some it's auto workers to the 279 00:15:02,600 --> 00:15:04,960 Speaker 1: union workers and two refinery workers. This is in any 280 00:15:05,000 --> 00:15:07,800 Speaker 1: ways just as if not more important than the issue 281 00:15:07,840 --> 00:15:10,960 Speaker 1: or healthcare. It is i I you know, and you 282 00:15:11,080 --> 00:15:14,000 Speaker 1: see that on the Democratic side as well. I think 283 00:15:14,000 --> 00:15:16,520 Speaker 1: there was a general feeling in twenty sixteen that Hillary 284 00:15:16,560 --> 00:15:19,880 Speaker 1: Clinton didn't campaign very hard at Michigan, that she didn't 285 00:15:19,880 --> 00:15:22,200 Speaker 1: address some of the same issues that Donald Trump addressed 286 00:15:22,200 --> 00:15:25,840 Speaker 1: in terms of economic anxiety and uh, you know, the 287 00:15:25,840 --> 00:15:29,840 Speaker 1: the Midwest, including Michigan. Uh So when you look at 288 00:15:29,880 --> 00:15:32,880 Speaker 1: Bernie Sanders and Elizabeth Warrent specifically, now they are making 289 00:15:33,160 --> 00:15:35,920 Speaker 1: a concerted effort to win over some of these voters 290 00:15:35,960 --> 00:15:38,720 Speaker 1: that flipped from Obama the Trump. And it's fascinating because 291 00:15:39,200 --> 00:15:42,720 Speaker 1: Sam's beat Clinton in Michigan in the Democratic primary coming 292 00:15:42,800 --> 00:15:48,040 Speaker 1: up more politics, policy and analysis. Just hours away, Conbiden 293 00:15:48,440 --> 00:15:53,080 Speaker 1: relaunch this Democratic presidential campaign. I'm Kevin SURREALI live inside 294 00:15:53,080 --> 00:15:59,120 Speaker 1: of the Spin room. This is Bloomberg. You're listening to 295 00:15:59,280 --> 00:16:03,480 Speaker 1: Bloomberg's Sound On with Kevin CURIALI live from the Democratic 296 00:16:03,520 --> 00:16:07,840 Speaker 1: presidential debate in Detroit, Michigan on Bloomberg Radio. We're bunker 297 00:16:07,920 --> 00:16:10,960 Speaker 1: down here inside of the spin room of the Democratic 298 00:16:11,000 --> 00:16:14,600 Speaker 1: presidential debate. In a few short hours, night too, of 299 00:16:14,680 --> 00:16:18,360 Speaker 1: the second Democratic presidential Debate gets underway, and we've got 300 00:16:18,400 --> 00:16:21,320 Speaker 1: the inside scoop from Soch. He knows that she's COMPS 301 00:16:21,320 --> 00:16:25,200 Speaker 1: director the Democratic National Committee and Adrian Watson. We're bunker 302 00:16:25,280 --> 00:16:27,160 Speaker 1: down and she's the war room director for the d 303 00:16:27,280 --> 00:16:29,360 Speaker 1: n C. How are they gonna fend off the attacks 304 00:16:29,360 --> 00:16:34,080 Speaker 1: from Republicans on Twitter and on the airwaves. Wendy Benjamin 305 00:16:34,120 --> 00:16:38,320 Speaker 1: Sin's here, she's the politics editor for Bloombergers. And you know, 306 00:16:38,800 --> 00:16:41,960 Speaker 1: I mean we were talking about really just just how 307 00:16:42,440 --> 00:16:46,320 Speaker 1: difficult it is to cover all this. I'm not complaining, 308 00:16:46,320 --> 00:16:47,960 Speaker 1: but I mean you've got a hard job. You've got 309 00:16:47,960 --> 00:16:52,800 Speaker 1: to cover twenty president joke Dan, And it's I mean, 310 00:16:52,840 --> 00:16:55,840 Speaker 1: in tonight, all eyes are on Biden, Booker, a Castro, 311 00:16:56,040 --> 00:16:59,280 Speaker 1: and of course Kamala Harrison the rematch. But just put 312 00:16:59,280 --> 00:17:02,920 Speaker 1: this in history context for such a crowded field, Yeah, 313 00:17:02,960 --> 00:17:05,000 Speaker 1: I think they have and I think I would love 314 00:17:05,000 --> 00:17:06,560 Speaker 1: to hear our other guests talk about this. I mean, 315 00:17:06,600 --> 00:17:09,040 Speaker 1: I think the DNC has made it possible for there 316 00:17:09,040 --> 00:17:12,159 Speaker 1: to be this many candidates, which is good for democracy. 317 00:17:12,200 --> 00:17:15,119 Speaker 1: It exhausts us, but it's probably a good un for democracy. 318 00:17:15,320 --> 00:17:18,960 Speaker 1: And last night's debate, I think also that allowed some 319 00:17:19,080 --> 00:17:22,159 Speaker 1: of these other candidates, like John Delaney, like Montana Governor 320 00:17:22,200 --> 00:17:26,800 Speaker 1: Steve Bullock to actually challenge the leading candidates to explain 321 00:17:26,840 --> 00:17:29,000 Speaker 1: their positions. Whether it did them any good, I don't know. 322 00:17:29,520 --> 00:17:32,640 Speaker 1: SARChI had os So Calm, director for the Democratic National Committee, 323 00:17:32,680 --> 00:17:36,679 Speaker 1: that you're a veteran in terms of democratic messaging, democratic politics. 324 00:17:36,720 --> 00:17:38,720 Speaker 1: But I mean, just from your perspective, take us behind 325 00:17:38,760 --> 00:17:41,080 Speaker 1: the scenes here. I mean, this is a lot of candidates. 326 00:17:41,640 --> 00:17:43,639 Speaker 1: It is a lot of candidates. There are more than 327 00:17:43,720 --> 00:17:47,120 Speaker 1: twenty candidates running for president, but there are twenty spots 328 00:17:47,359 --> 00:17:49,440 Speaker 1: on the debate stage over two nights. And you might 329 00:17:49,440 --> 00:17:54,359 Speaker 1: remember the Republican debates in that you were there kids, 330 00:17:54,960 --> 00:17:57,560 Speaker 1: there was the kids table and what we heard had 331 00:17:57,560 --> 00:17:59,919 Speaker 1: it put candidates at a disadvantage. So that's why we 332 00:18:00,119 --> 00:18:04,120 Speaker 1: two consecutive nights. You know this, but it is very 333 00:18:04,160 --> 00:18:07,159 Speaker 1: hard to get network time, and it's very hard to 334 00:18:07,200 --> 00:18:10,240 Speaker 1: get a week night. To get two consecutive nights during 335 00:18:10,280 --> 00:18:13,440 Speaker 1: the week is pretty amazing. And I fire Donald Trump, 336 00:18:13,440 --> 00:18:17,360 Speaker 1: I'd be pretty jealous that this is fascinating and it's 337 00:18:17,440 --> 00:18:19,320 Speaker 1: it's why it's I'm grateful we got to do this 338 00:18:19,400 --> 00:18:22,879 Speaker 1: job because takeaway Republican and democratic labels for a second. 339 00:18:22,880 --> 00:18:26,840 Speaker 1: I mean from a democratic lowercase D perspective. The conversation 340 00:18:26,920 --> 00:18:29,399 Speaker 1: we're having is we live we now live in the 341 00:18:29,480 --> 00:18:31,959 Speaker 1: tree where so many people run for president every cycle 342 00:18:32,320 --> 00:18:34,720 Speaker 1: that the debate is over. How to have the debates? 343 00:18:34,720 --> 00:18:36,840 Speaker 1: And I put the question to your boss Sochi earlier 344 00:18:36,880 --> 00:18:39,400 Speaker 1: today on Bloomberg Television. Go to Bloomberg tv dot com 345 00:18:39,400 --> 00:18:42,240 Speaker 1: to watch the full interview uh Tupper as he's chairman 346 00:18:42,240 --> 00:18:45,800 Speaker 1: of the Democratic National Committee about when, maybe will these 347 00:18:46,080 --> 00:18:47,960 Speaker 1: candidates start to dwindled own. Take a listen to the 348 00:18:48,040 --> 00:18:50,879 Speaker 1: chairman of the Democratic Party and what he said in September. 349 00:18:50,960 --> 00:18:53,040 Speaker 1: We have a different threshold. We announced it months ago. 350 00:18:53,080 --> 00:18:55,320 Speaker 1: They give the candidates ample time. Right now it's one 351 00:18:55,359 --> 00:19:00,399 Speaker 1: percent or sixty voters. In September it is two percent 352 00:19:00,680 --> 00:19:06,840 Speaker 1: and voters. Uh, we will see as the time goes 353 00:19:07,119 --> 00:19:10,879 Speaker 1: and and we'll we'll we'll we'll know roughly the end 354 00:19:10,920 --> 00:19:14,800 Speaker 1: of August, because that's when the period will will end. 355 00:19:14,840 --> 00:19:17,520 Speaker 1: In there there's gonna be ample amounts of polling and 356 00:19:17,880 --> 00:19:20,159 Speaker 1: that's gonna be up in no small measures to the 357 00:19:20,240 --> 00:19:22,480 Speaker 1: voters and and to the candidates. And that's how it 358 00:19:22,480 --> 00:19:24,760 Speaker 1: should be, because we want to make sure that create 359 00:19:24,800 --> 00:19:27,280 Speaker 1: a fair process and then let the chips fall where 360 00:19:27,280 --> 00:19:31,000 Speaker 1: they may. We've budgeted for two nights. If we have that, 361 00:19:31,000 --> 00:19:33,280 Speaker 1: that will be great. If we have only one night, 362 00:19:33,760 --> 00:19:36,280 Speaker 1: that will be Uh, that'll be great as well. I 363 00:19:36,400 --> 00:19:39,080 Speaker 1: disappear Associates a constructor for the d n C. I 364 00:19:39,080 --> 00:19:41,159 Speaker 1: mean two nights. You just made the case to me, 365 00:19:41,200 --> 00:19:43,480 Speaker 1: which I didn't really think about. I mean two nights 366 00:19:43,520 --> 00:19:47,399 Speaker 1: of airtime on on a national network audience. Uh is 367 00:19:47,480 --> 00:19:49,840 Speaker 1: messaging for for the d n C. Adrean Watson is 368 00:19:49,880 --> 00:19:52,320 Speaker 1: here as well. She's the war room director. So what 369 00:19:52,400 --> 00:19:55,160 Speaker 1: a title? What are you up? The bar room director 370 00:19:55,480 --> 00:19:58,960 Speaker 1: for the DNC. I guess it's where the motors city 371 00:19:58,960 --> 00:20:00,720 Speaker 1: and there's a motor that's us went by in the 372 00:20:00,760 --> 00:20:03,520 Speaker 1: spin room. Uh So if you heard that, no idea 373 00:20:03,560 --> 00:20:05,879 Speaker 1: what it was? Want? So, what what is your job tonight? 374 00:20:06,040 --> 00:20:08,040 Speaker 1: Tell us what your job is? Well, you know, as 375 00:20:08,040 --> 00:20:10,600 Speaker 1: war room director, we are pushing back on all of 376 00:20:10,720 --> 00:20:14,760 Speaker 1: the Republicans, especially Trump's you know, tweets about about tonight, 377 00:20:14,760 --> 00:20:16,840 Speaker 1: but we're really trying to put the spotlight back on 378 00:20:17,240 --> 00:20:21,160 Speaker 1: our candidates more than anything, you know, all seven three 379 00:20:21,240 --> 00:20:23,359 Speaker 1: six five. We have a huge team in the war room, 380 00:20:23,880 --> 00:20:28,480 Speaker 1: UM researchers and analysts and social media folks, communications folks 381 00:20:28,480 --> 00:20:31,480 Speaker 1: who are constantly going after Trump with rapid response and 382 00:20:31,960 --> 00:20:34,720 Speaker 1: research on everything he does. But we see tonight really 383 00:20:34,880 --> 00:20:38,080 Speaker 1: as more of a showcase of the alternative to Trump, 384 00:20:40,280 --> 00:20:43,240 Speaker 1: Wendy in terms of how you how your spots about 385 00:20:43,240 --> 00:20:45,000 Speaker 1: not to put you on the spot, what's to put 386 00:20:45,040 --> 00:20:46,879 Speaker 1: you on the spot? Uh, in terms of how you 387 00:20:46,960 --> 00:20:50,280 Speaker 1: respond to something where there's so much rapid fire and 388 00:20:50,400 --> 00:20:53,280 Speaker 1: the President's not just going after the Democratic presidential candidates 389 00:20:53,320 --> 00:20:57,880 Speaker 1: like Joe Biden or Booker Harris cash stro but going 390 00:20:57,880 --> 00:21:00,800 Speaker 1: after the squad, going after a lot of ship coming. Uh. 391 00:21:00,960 --> 00:21:03,679 Speaker 1: That's got to make it more difficult in the sense 392 00:21:03,680 --> 00:21:07,560 Speaker 1: of how these campaigns are able to respond. Absolutely. I 393 00:21:07,560 --> 00:21:11,240 Speaker 1: mean the they not only have a total of twenty 394 00:21:11,320 --> 00:21:15,159 Speaker 1: targets or more to go at to distinguish themselves in 395 00:21:15,200 --> 00:21:18,119 Speaker 1: the Democratic Party, but they also are already fighting a 396 00:21:18,200 --> 00:21:22,080 Speaker 1: general election matchup. It is traditional for the incumbent president 397 00:21:22,119 --> 00:21:23,840 Speaker 1: of the United States to sort of sit it out 398 00:21:24,080 --> 00:21:26,680 Speaker 1: and wait until to see who he's running for, who's 399 00:21:26,720 --> 00:21:29,600 Speaker 1: running against excuse and Donald Trump, as we all know, 400 00:21:29,760 --> 00:21:31,160 Speaker 1: is not going to do that. He is not going 401 00:21:31,200 --> 00:21:34,320 Speaker 1: to sit quietly until after the Democratic Convention and then, 402 00:21:34,640 --> 00:21:37,000 Speaker 1: you know, run against his opponents. So he's running against 403 00:21:37,000 --> 00:21:40,520 Speaker 1: not only all of the current fields, he's running against 404 00:21:40,600 --> 00:21:42,840 Speaker 1: members of Congress, He's running against the FED chairman. He's 405 00:21:42,880 --> 00:21:46,400 Speaker 1: running against just about anyone, you know, the city of Baltimore, 406 00:21:46,440 --> 00:21:49,600 Speaker 1: just about anyone he can come up with. Absolutely. But also, 407 00:21:49,760 --> 00:21:51,600 Speaker 1: and I would want to point out here, is that 408 00:21:51,720 --> 00:21:55,480 Speaker 1: last night you heard contrasts Um against Donald Trump and 409 00:21:55,560 --> 00:21:58,119 Speaker 1: kind of these candidates and their vision for America versus 410 00:21:58,160 --> 00:22:02,160 Speaker 1: Donald Trump. But a lot of it was their proactive policy. 411 00:22:02,200 --> 00:22:05,879 Speaker 1: It was very substantive. You did not hear a name calling, 412 00:22:06,000 --> 00:22:09,400 Speaker 1: You did not hear UM anyone talking about hands as 413 00:22:09,600 --> 00:22:11,560 Speaker 1: Um you know, I just want to remind people four 414 00:22:11,640 --> 00:22:15,280 Speaker 1: years ago was that we were here. You were here 415 00:22:15,320 --> 00:22:17,320 Speaker 1: at the Court theater and guess what Donald Trump was 416 00:22:17,320 --> 00:22:19,640 Speaker 1: talking about hand size? You did not hear about that. 417 00:22:19,880 --> 00:22:22,280 Speaker 1: And so I think that these debates have been very, 418 00:22:22,400 --> 00:22:25,560 Speaker 1: very substantive. We've been very happy with them. And I 419 00:22:25,600 --> 00:22:28,720 Speaker 1: think that you will continue to hear these candidates talk 420 00:22:28,800 --> 00:22:32,680 Speaker 1: about their records. It will get heated, but there will 421 00:22:32,720 --> 00:22:35,000 Speaker 1: not be namcold. Yeah, I grew up in an Irish 422 00:22:35,000 --> 00:22:37,399 Speaker 1: Italian Catholic counsel. If then if it's not getting hit 423 00:22:37,480 --> 00:22:40,280 Speaker 1: and knowing something fun, well, record your record is fair game. 424 00:22:40,440 --> 00:22:43,120 Speaker 1: It's a debate. Right at the end of the day, 425 00:22:43,160 --> 00:22:46,880 Speaker 1: any of them would be a better president than Donald Trump. Well, 426 00:22:46,920 --> 00:22:48,840 Speaker 1: I mean, I think I think it's interesting in the 427 00:22:48,920 --> 00:22:52,560 Speaker 1: sense associate about how ultimately it is gonna get more 428 00:22:52,640 --> 00:22:54,600 Speaker 1: need than not. The political knives are going to come 429 00:22:54,600 --> 00:22:58,000 Speaker 1: out and and for someone like Joe Biden and Kamala Harris. 430 00:22:58,000 --> 00:23:00,640 Speaker 1: I mean, these are high stakes and in the sense 431 00:23:00,640 --> 00:23:04,120 Speaker 1: wh the Democratics from the Democrats perspective, I do want 432 00:23:04,160 --> 00:23:06,080 Speaker 1: to ask this question because it's something that's buzzing and 433 00:23:06,359 --> 00:23:09,840 Speaker 1: I'm not asking an accusatory way, why haven't Warren and 434 00:23:09,920 --> 00:23:11,560 Speaker 1: Biden been on the same stage. It's that just luck 435 00:23:11,560 --> 00:23:13,560 Speaker 1: of the drawl or like what is like a raffle? 436 00:23:13,640 --> 00:23:15,840 Speaker 1: Why why doesn't that happen? It is a luck of 437 00:23:15,840 --> 00:23:19,119 Speaker 1: the draw. And I'm sure you're watching it on CNN, CNN, 438 00:23:19,280 --> 00:23:22,840 Speaker 1: Eric entire thing. It was very dramatic, um, but you 439 00:23:22,880 --> 00:23:25,080 Speaker 1: know what, it was fantastic because it was one of 440 00:23:25,119 --> 00:23:28,000 Speaker 1: those things that the American people got to see, Um, 441 00:23:28,040 --> 00:23:31,040 Speaker 1: exactly how we do it and it is random draw Alright, alright, 442 00:23:31,160 --> 00:23:34,000 Speaker 1: coming up more politics and policy? What is bidenough to do? Tonight? 443 00:23:34,040 --> 00:23:36,919 Speaker 1: Panel says I'm Kevin CURRELLI live from inside of the 444 00:23:37,160 --> 00:23:48,640 Speaker 1: Democratic debate spin room for This is Bloomberg. This is Bloomberg. 445 00:23:48,840 --> 00:23:53,080 Speaker 1: Sound On with Kevin Surreley, live from the Democratic presidential 446 00:23:53,119 --> 00:23:58,000 Speaker 1: debate in Detroit on Bloomberg Radio. I'm Kevin CERELLI, Chief 447 00:23:58,040 --> 00:24:01,280 Speaker 1: Washington Correspondent, Tom blooming Television Word Radio. I'm here live 448 00:24:01,280 --> 00:24:03,840 Speaker 1: in the Motor City. We're in just a few short 449 00:24:03,840 --> 00:24:07,480 Speaker 1: hours halftime ends and it's night too of the second 450 00:24:07,520 --> 00:24:11,840 Speaker 1: Democratic presidential Debate. I'm joined by a panel of political 451 00:24:12,000 --> 00:24:15,040 Speaker 1: all stars. Max Greenwood is a national political reporter for 452 00:24:15,080 --> 00:24:17,920 Speaker 1: The Hill Newspaper, Francesco Chambers covers all things White House 453 00:24:18,119 --> 00:24:21,919 Speaker 1: for the Daily Mill, and Wendy Benjaminson has the is 454 00:24:22,880 --> 00:24:25,399 Speaker 1: political editor for Bloomberg News. And we were talking in 455 00:24:25,480 --> 00:24:28,360 Speaker 1: the break there's this viral story today about Baron Trump 456 00:24:28,400 --> 00:24:33,840 Speaker 1: got a pony, called on the Mike, God, there we 457 00:24:33,920 --> 00:24:36,280 Speaker 1: go go aheat Baron tire about that Baron Trump got 458 00:24:36,320 --> 00:24:38,919 Speaker 1: a pony, but he doesn't really have a pony. What happened, 459 00:24:39,480 --> 00:24:42,159 Speaker 1: President Trump meant today with the Mongolian president and in 460 00:24:42,240 --> 00:24:44,720 Speaker 1: a show of respect for the United States, the Mongolians 461 00:24:44,800 --> 00:24:50,280 Speaker 1: gave the baron a pony, a small horse. My parents, 462 00:24:50,320 --> 00:24:52,320 Speaker 1: if someone ever gave me a pony, my mother would 463 00:24:52,320 --> 00:24:53,879 Speaker 1: have booked them in the eyes and said, get that 464 00:24:53,920 --> 00:24:56,760 Speaker 1: thing out of this house. First of all, I'm allergic 465 00:24:56,760 --> 00:24:58,879 Speaker 1: to horses. Go ahead, well, it probably won't fit in 466 00:24:58,880 --> 00:25:00,960 Speaker 1: the White Oak and besid because of some rules that 467 00:25:01,040 --> 00:25:03,720 Speaker 1: has to stay in Mongolia. So Baron has a pony, 468 00:25:03,760 --> 00:25:06,240 Speaker 1: but he has to go to Mongolia to see it. Wow, okay, 469 00:25:06,280 --> 00:25:09,399 Speaker 1: I mean, okay, all right, Well that kind of stakes. 470 00:25:09,440 --> 00:25:12,280 Speaker 1: You get a pony and like you can't even keeping 471 00:25:12,280 --> 00:25:14,600 Speaker 1: you're getting a pony. I was thinking that's why you're 472 00:25:14,600 --> 00:25:17,000 Speaker 1: getting a pony, but you're never gonna get to meet it. 473 00:25:17,000 --> 00:25:18,840 Speaker 1: It's gonna be a mongolia. I feel like that's the 474 00:25:18,880 --> 00:25:20,440 Speaker 1: thing that you tell your kids, like, we got you 475 00:25:20,480 --> 00:25:23,760 Speaker 1: a pony, I swear, but it's in mongolia. We sent 476 00:25:23,880 --> 00:25:27,040 Speaker 1: it to a farm up stage saw just a few 477 00:25:27,119 --> 00:25:30,560 Speaker 1: shorge hours pivoted back to that story. Is just that Wow. 478 00:25:30,600 --> 00:25:32,560 Speaker 1: I had to mention it just a few short hours. 479 00:25:32,640 --> 00:25:35,480 Speaker 1: Vice president, former Vice president Joe Biden. He's gonna be 480 00:25:35,520 --> 00:25:37,760 Speaker 1: back on that stage. Francesco. What does he have to 481 00:25:37,800 --> 00:25:41,520 Speaker 1: do tonight to get his campaign back on track? I 482 00:25:41,560 --> 00:25:44,120 Speaker 1: think this is a really really difficult night for him, 483 00:25:44,200 --> 00:25:48,000 Speaker 1: quite honestly, because he'll be sandwiched between Kamala Harris and 484 00:25:48,080 --> 00:25:51,240 Speaker 1: Corey Booker and they are gunning for him. And after 485 00:25:51,280 --> 00:25:53,440 Speaker 1: the last debate when he had the clash with Kamala 486 00:25:53,440 --> 00:25:55,680 Speaker 1: Harris as it as it was already over the issue 487 00:25:55,720 --> 00:25:58,919 Speaker 1: of race, and then given Donald Trump's comments along the 488 00:25:59,200 --> 00:26:01,119 Speaker 1: lines of race over the last couple of weeks, I 489 00:26:01,160 --> 00:26:03,760 Speaker 1: am sure that it will be a major, major, major 490 00:26:03,800 --> 00:26:06,080 Speaker 1: toppy night. So the main thing that he has to do, 491 00:26:06,160 --> 00:26:09,040 Speaker 1: I guess, is not and his lessons with time's up 492 00:26:10,280 --> 00:26:14,720 Speaker 1: That's absolutely right. He's got to hit hard and yet 493 00:26:14,920 --> 00:26:19,639 Speaker 1: balance the old white guy lecturing two candidates of color 494 00:26:20,040 --> 00:26:22,159 Speaker 1: with being strong enough to show that he can not 495 00:26:22,200 --> 00:26:24,200 Speaker 1: only take on Kamala Harris, but he can take on 496 00:26:24,320 --> 00:26:27,439 Speaker 1: Donald Trump. Yeah, that's true. And I think it's undeniable 497 00:26:27,440 --> 00:26:29,320 Speaker 1: that race is going to be an issue tonight. I mean, 498 00:26:29,400 --> 00:26:32,520 Speaker 1: just by half instance, Uh, you know, five minority candidates 499 00:26:32,520 --> 00:26:36,200 Speaker 1: are gonna be on stage tonight. You have Booker Harris, Uh, 500 00:26:36,480 --> 00:26:40,280 Speaker 1: Julian Castro, you have Tulsie Gabbard, and you have Andrew Yae. 501 00:26:40,800 --> 00:26:42,200 Speaker 1: So it just so happened with the way they shook 502 00:26:42,200 --> 00:26:46,400 Speaker 1: out was you had all white candidates on the stage yesterday. Uh. 503 00:26:46,440 --> 00:26:49,040 Speaker 1: And you know today race is certainly going to come up. 504 00:26:49,560 --> 00:26:54,000 Speaker 1: What it's about ideas, what our bidence ideas? What is 505 00:26:54,320 --> 00:26:57,520 Speaker 1: his Medicare for all? I mean Trump had the wall, 506 00:26:58,040 --> 00:27:00,239 Speaker 1: uh for Sanders and Bore and have Medica or for 507 00:27:00,280 --> 00:27:04,160 Speaker 1: all Obamacare. I mean there's that enough but right, But 508 00:27:04,160 --> 00:27:06,240 Speaker 1: but I mean I think that's a difficulty for him, 509 00:27:06,440 --> 00:27:08,480 Speaker 1: is that all of his our ideas. Where it was 510 00:27:08,520 --> 00:27:10,879 Speaker 1: really great when Barack Obama and I were in the 511 00:27:10,880 --> 00:27:14,000 Speaker 1: White House again Barack Obama, Barack Obama sent us back 512 00:27:14,000 --> 00:27:17,040 Speaker 1: to the White House, and that is something that is 513 00:27:17,800 --> 00:27:19,560 Speaker 1: as he goes along, he's going to have to start 514 00:27:19,640 --> 00:27:21,879 Speaker 1: adding to those ideas a little bit more. And the 515 00:27:22,000 --> 00:27:24,800 Speaker 1: really worrisomething about that is that comes straight out of 516 00:27:24,880 --> 00:27:29,040 Speaker 1: Hillary Clinton's failed playboo, I'm not Donald Trump. That was 517 00:27:29,080 --> 00:27:32,840 Speaker 1: her campaign and that failed, that failed in Michigan, had 518 00:27:32,840 --> 00:27:36,040 Speaker 1: failed in Pennsylvania, failed in Wisconsin, etcetera. And so if 519 00:27:36,359 --> 00:27:39,160 Speaker 1: Joe Biden doesn't come out with something more than I 520 00:27:39,200 --> 00:27:41,800 Speaker 1: can beat Donald Trump, I'm better than Donald Trump, we're 521 00:27:41,800 --> 00:27:44,040 Speaker 1: gonna have the same thing all over again. Well, I 522 00:27:44,080 --> 00:27:46,560 Speaker 1: think we're starting to see some sort of effort by Biden. 523 00:27:46,960 --> 00:27:49,560 Speaker 1: You know. There there is his criminal justice reform plan. 524 00:27:50,119 --> 00:27:52,760 Speaker 1: He said he does want to expand on, you know, 525 00:27:52,800 --> 00:27:56,160 Speaker 1: Obamacare by creating a public option just you know, let's 526 00:27:56,160 --> 00:27:58,000 Speaker 1: be honest, something that Obama wanted to do in the 527 00:27:58,040 --> 00:28:00,600 Speaker 1: first place, but I didn't have much luck with uh, 528 00:28:00,640 --> 00:28:02,879 Speaker 1: you know, so he does have to, you know, to 529 00:28:02,920 --> 00:28:05,719 Speaker 1: an extent. So what he's already put out there and 530 00:28:05,760 --> 00:28:09,960 Speaker 1: convinced voters that this isn't gonna be you know, or 531 00:28:10,000 --> 00:28:12,800 Speaker 1: that he's campaigning on more than going back four years 532 00:28:12,840 --> 00:28:15,680 Speaker 1: to win Baracko b I feel like criminal justice reform 533 00:28:15,800 --> 00:28:18,679 Speaker 1: is a trap for him because if he turns around 534 00:28:18,720 --> 00:28:21,040 Speaker 1: and say it is, it's a trap because if he 535 00:28:21,119 --> 00:28:23,359 Speaker 1: brings it up, then they're gonna turn right back around 536 00:28:23,440 --> 00:28:25,960 Speaker 1: on him and say, again, you've had thirty years to 537 00:28:26,000 --> 00:28:27,800 Speaker 1: do this, and oh, by the way, when you had 538 00:28:27,880 --> 00:28:29,960 Speaker 1: a chance to do this, you did the opposite of this. 539 00:28:30,240 --> 00:28:32,240 Speaker 1: So you now agree that that didn't work. Why should 540 00:28:32,280 --> 00:28:34,520 Speaker 1: we send you to the White House? What I just look, 541 00:28:34,720 --> 00:28:37,880 Speaker 1: I mean, I'm a reporter. I don't find I think 542 00:28:37,880 --> 00:28:42,080 Speaker 1: what's what is? Senator Warren and Senator Sanders are talking 543 00:28:42,080 --> 00:28:44,600 Speaker 1: about ideas. I'm not saying whether you've recruit with the 544 00:28:44,640 --> 00:28:47,720 Speaker 1: ideas or not. Biden's in this. He's got to get 545 00:28:47,720 --> 00:28:50,040 Speaker 1: off of this rhythm of talking about Biden, you know, 546 00:28:50,240 --> 00:28:54,000 Speaker 1: talking about the ideas, right, That's exactly right. The only 547 00:28:54,000 --> 00:28:56,480 Speaker 1: trouble with what Sanders and Warren are doing, I think 548 00:28:56,480 --> 00:28:59,760 Speaker 1: in terms of electoral strategy, right is that they are 549 00:29:00,000 --> 00:29:02,959 Speaker 1: getting the progressive left and those people live on the coasts. 550 00:29:03,240 --> 00:29:06,920 Speaker 1: The trouble is that the key states again Michigan, Wisconsin, Pennsylvania, 551 00:29:06,960 --> 00:29:09,720 Speaker 1: to the lesser intent Ohio, there are a lot of 552 00:29:09,840 --> 00:29:14,200 Speaker 1: union workers and the president of the Service Employees International 553 00:29:14,280 --> 00:29:17,280 Speaker 1: Union today had a quote that she gave on Bloomberg 554 00:29:17,280 --> 00:29:20,360 Speaker 1: News that said she was enraged by the by the 555 00:29:20,560 --> 00:29:23,480 Speaker 1: idea that Medicare for all would take away the great 556 00:29:23,520 --> 00:29:26,840 Speaker 1: benefits that have union workers have enjoyed for decades in 557 00:29:26,880 --> 00:29:30,600 Speaker 1: this country, and Democrats have enjoyed union workers votes. So 558 00:29:30,680 --> 00:29:35,000 Speaker 1: how are the famil tonight going to address the needs 559 00:29:35,000 --> 00:29:37,440 Speaker 1: of union workers. You know, there's other candidates up there. 560 00:29:37,480 --> 00:29:40,160 Speaker 1: Michael Bennett will be on that stage, Kirston Jillibrand, Bully 561 00:29:40,240 --> 00:29:44,000 Speaker 1: and Castro, Corey Booker, Joe Biden, Kamala Harris, Andrew Yang, 562 00:29:44,040 --> 00:29:47,200 Speaker 1: Tulsa Gabbert j Insley then builds the laws of Vio 563 00:29:47,720 --> 00:29:52,680 Speaker 1: Kirsten Gillibri for Justusica Shapers. Yeah, so Senator from New York. 564 00:29:52,840 --> 00:29:55,320 Speaker 1: Last time I saw her, he had a very interesting 565 00:29:55,360 --> 00:29:58,760 Speaker 1: conversation where she declared that she believes that she's benefited 566 00:29:58,800 --> 00:30:02,120 Speaker 1: from white privilege in her career, and so I'll be 567 00:30:02,160 --> 00:30:04,520 Speaker 1: curious to see if she brings up that line again 568 00:30:04,640 --> 00:30:07,640 Speaker 1: as we talked about race this evening and explains a 569 00:30:07,680 --> 00:30:10,040 Speaker 1: little bit more on how she believes that she's benefited 570 00:30:10,080 --> 00:30:12,320 Speaker 1: from white privilege. Um. But as you mentioned all the 571 00:30:12,360 --> 00:30:14,120 Speaker 1: names of candidates on the stage, I think the biggest 572 00:30:14,160 --> 00:30:16,600 Speaker 1: thing they have to do is not be forgotten. There 573 00:30:16,600 --> 00:30:19,760 Speaker 1: were multiple times last night where I just forgot some 574 00:30:19,800 --> 00:30:22,720 Speaker 1: of these folks are on the stage federal work. I 575 00:30:22,800 --> 00:30:24,680 Speaker 1: just totally forgot he was there. I feel so bad 576 00:30:24,680 --> 00:30:27,280 Speaker 1: saying that, but I just don't forgot he was there 577 00:30:27,640 --> 00:30:29,800 Speaker 1: because because he wasn't he wasn't getting NIS talk time, 578 00:30:29,840 --> 00:30:32,800 Speaker 1: he wasn't really jumping into discussion John Delaney, and he 579 00:30:32,880 --> 00:30:34,760 Speaker 1: was getting in there, you know, making sure he got 580 00:30:34,760 --> 00:30:38,560 Speaker 1: his talk time, and you remembered he was there. He 581 00:30:38,640 --> 00:30:41,000 Speaker 1: was like fourth on the list. COVID try. I kept 582 00:30:41,000 --> 00:30:44,200 Speaker 1: forgetting she was there. You know. I think Joy and Castro, 583 00:30:44,320 --> 00:30:45,640 Speaker 1: I think, you know, he had to be had a 584 00:30:45,720 --> 00:30:49,040 Speaker 1: strong debate in Miami. I think I think folks are 585 00:30:49,040 --> 00:30:50,760 Speaker 1: going to continue to get to know the former HUD 586 00:30:50,760 --> 00:30:52,719 Speaker 1: secretary g SC or form not to get to him 587 00:30:52,760 --> 00:30:54,200 Speaker 1: in the weeks, but I covered the guy when he 588 00:30:54,240 --> 00:30:57,840 Speaker 1: was doing the GSC Corkor Warner, Andy Freddie. But now 589 00:30:57,880 --> 00:31:00,960 Speaker 1: he is the immigration candidate. He is I mean I 590 00:31:00,960 --> 00:31:03,720 Speaker 1: mean that, I mean move beyond that. Well, I mean 591 00:31:03,920 --> 00:31:06,240 Speaker 1: it's all wait and see. Kind of thing. You know, 592 00:31:06,640 --> 00:31:10,080 Speaker 1: he obviously stood out at the last night talking about 593 00:31:09,760 --> 00:31:14,360 Speaker 1: the UH about immigration, he challenged Beto Rourke. And you know, 594 00:31:14,400 --> 00:31:17,160 Speaker 1: I think that hurt Fedo. But I think you know, 595 00:31:17,320 --> 00:31:20,320 Speaker 1: this time around, you know, he still needs that bump. 596 00:31:20,360 --> 00:31:24,760 Speaker 1: He hasn't qualified for the debate in September, uh, you know, 597 00:31:24,840 --> 00:31:27,000 Speaker 1: and he's so close, he's on the verge of qualifying. 598 00:31:27,080 --> 00:31:30,200 Speaker 1: So if he can just broaden out a little bit 599 00:31:30,360 --> 00:31:32,320 Speaker 1: or at least double down on an issue and show 600 00:31:32,360 --> 00:31:36,400 Speaker 1: that he owns it more than anyone. Yeah, to Max's 601 00:31:36,400 --> 00:31:38,920 Speaker 1: point when and that's what I said to Chairman for Rest, 602 00:31:39,240 --> 00:31:41,840 Speaker 1: I mean, this is why the stakes are higher. We 603 00:31:41,840 --> 00:31:43,680 Speaker 1: can talk about Biden all all, you know, all night, 604 00:31:43,840 --> 00:31:47,800 Speaker 1: we will, but but I mean he's the front ruder's number. 605 00:31:47,800 --> 00:31:50,520 Speaker 1: But but I mean that really is where these viral 606 00:31:50,600 --> 00:31:53,800 Speaker 1: moments come into impact. Social media helps. It didn't just 607 00:31:53,920 --> 00:31:55,880 Speaker 1: help propel Kamala Harrison the top of the polls and 608 00:31:55,880 --> 00:31:59,240 Speaker 1: helped propel our fundraising numbers. I mean, look, these are politicians, 609 00:31:59,280 --> 00:32:02,320 Speaker 1: but they're also this CEOs of their presidential campaige. The 610 00:32:02,640 --> 00:32:05,040 Speaker 1: burn rate for how much money that they had to 611 00:32:05,120 --> 00:32:07,720 Speaker 1: get here. But for someone like a cashtro who did 612 00:32:07,760 --> 00:32:10,200 Speaker 1: have a strong debate in Miami. He's got to get 613 00:32:10,200 --> 00:32:13,080 Speaker 1: a moment tonight to get bucks to continue going to Iowa, 614 00:32:13,120 --> 00:32:16,440 Speaker 1: to Hampshire and South Carolina. That's absolutely right, and at 615 00:32:16,520 --> 00:32:19,600 Speaker 1: some point, I think pretty soon we're gonna start seeing 616 00:32:19,880 --> 00:32:21,680 Speaker 1: us like winnowing up the field like we did when 617 00:32:21,680 --> 00:32:24,880 Speaker 1: Erik Swallwell dropped out shortly after the other debate. I mean, 618 00:32:25,000 --> 00:32:27,680 Speaker 1: these guys, once you're spending more money than you're using, 619 00:32:27,960 --> 00:32:31,320 Speaker 1: it really becomes a fool's errand to continue campaigning for president. 620 00:32:31,680 --> 00:32:34,520 Speaker 1: See but even with that, he had a great evening, 621 00:32:34,960 --> 00:32:37,640 Speaker 1: he had a good debate, and it still wasn't enough. 622 00:32:37,640 --> 00:32:40,320 Speaker 1: And I think they will prove that one night, one night, 623 00:32:40,400 --> 00:32:42,680 Speaker 1: in one comment is just not going to be enough 624 00:32:42,680 --> 00:32:44,520 Speaker 1: to cut it for these candidates. And honestly, like I 625 00:32:44,600 --> 00:32:46,280 Speaker 1: remember when I was growing up outside of Philly, my 626 00:32:46,360 --> 00:32:49,000 Speaker 1: dadou always said, Kevin, you gotta flip around, meaning the channels, 627 00:32:49,200 --> 00:32:51,400 Speaker 1: because you've got to like see all of it and 628 00:32:51,480 --> 00:32:53,520 Speaker 1: go ahead when it quickly we got like a middle left, Okay, 629 00:32:53,640 --> 00:32:55,280 Speaker 1: very quickly. I just wanted to say that, you know, 630 00:32:55,640 --> 00:32:59,880 Speaker 1: Trump's immigration policies have caused a lot of sympathy and 631 00:33:00,240 --> 00:33:02,600 Speaker 1: heartache on the border issue, and I think Puling and 632 00:33:02,680 --> 00:33:05,680 Speaker 1: Castor was trying to capitalize on that, but his views, 633 00:33:05,720 --> 00:33:09,400 Speaker 1: I think are not in tune with what most of 634 00:33:09,400 --> 00:33:11,280 Speaker 1: the country has been. It's going to be interesting. I 635 00:33:11,320 --> 00:33:13,200 Speaker 1: want to thank our panel. Don't flip around here and 636 00:33:13,320 --> 00:33:15,600 Speaker 1: listen to the second part of the presidential debate all 637 00:33:15,680 --> 00:33:18,760 Speaker 1: night on Bloomberg Radio. We had a continuing coverage all 638 00:33:18,840 --> 00:33:21,160 Speaker 1: night long. Thank you to our panel, and breaking news 639 00:33:21,200 --> 00:33:24,120 Speaker 1: crossing the Bloomberg terminal within the last half hour that 640 00:33:24,160 --> 00:33:27,360 Speaker 1: the US Senate voted to confirm Kelly crap to be 641 00:33:27,440 --> 00:33:31,080 Speaker 1: the US Ambassador to the United Nations. The vote was 642 00:33:31,160 --> 00:33:35,320 Speaker 1: fifty six to thirty four. Al Right, guys, just a 643 00:33:35,360 --> 00:33:39,320 Speaker 1: few short hours away from night to of the Democratic 644 00:33:39,360 --> 00:33:42,440 Speaker 1: presidential debate. Thank you to our panel. I'm Kevin CURRELLI 645 00:33:42,520 --> 00:33:46,080 Speaker 1: Cheap Washington, correspondent for Bloomberg Television of Bloomberg Radio, and 646 00:33:46,240 --> 00:33:51,160 Speaker 1: this is Bloomberg m