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Speaker 1: Why from our nations this budget thing is going to

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Speaker 1: do nothing with spaceports. I still think it's interesting President

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Speaker 1: Trump not playing his cards yet headlines Policy and Politics Colliding,

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Speaker 1: Sound on with Kevin's Relate the Insiders the Influencers insides,

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Speaker 1: I would rather see a congressional solution. It's part of

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Speaker 1: my DNA to the Senate map in looks a lot

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Speaker 1: different than it looked in. You really have a divide

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Speaker 1: within Team Trump. The president has to do exactly what

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Speaker 1: people send him here to do, which is to get

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Speaker 1: it done. He's sound on with Kevin's related on Bloomberg

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Speaker 1: one and seven a m h D two Boltomle breaking

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Speaker 1: news from the White House. The President and how Speaker

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Speaker 1: Nancy Pelosi will meet next week to discuss working together

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Speaker 1: on infrastructure. Oh to be a fly on the wall

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Speaker 1: in that meeting. What does it mean for infrastructure chances?

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Speaker 1: This is Speaker Pelosi tries to navigate a very difficult

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Speaker 1: divide within the Democratic Caucus on whether or not to

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Speaker 1: start art articles of impeachment against President Trump. Meanwhile, the

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Speaker 1: President also meeting with Jack Dorsey, CEO of Twitter. Tweet

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Speaker 1: Tweet Wonder what they talked about we'll dive into all

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Speaker 1: of that, plus the fallout Herman Kine no longer a

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Speaker 1: nominee to the President's Fedboard. What does that mean for

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Speaker 1: the economy. We have an all star panel. Margaret Talib,

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Speaker 1: Bloomberg News senior White House reporter, she's with us for

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Speaker 1: the hour. Jordan Fabium, White House correspondent at The Hill Newspaper.

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Speaker 1: Also coming up an exclusive interview with Congresswoman Carolyn Maloney.

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Speaker 1: She's a Democrat from New York. She was at the

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Speaker 1: Supreme Court earlier today where I interviewed her on the

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Speaker 1: steps of the Supreme Court. Why. Well, there's this question

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Speaker 1: that might be added to the US census, and businesses

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Speaker 1: like Uber and Lyft they don't like it. We'll dive

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Speaker 1: into that too. But first, oh, to be a CEO

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Speaker 1: these days and called into the Oval Office. Imagine, folks,

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Speaker 1: you're waking up, getting your morning cup of coffee, and

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Speaker 1: you check Twitter, and maybe you're Jack Dorsey and you're

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Speaker 1: the CEO of Twitter, and you see President Donald Trump

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Speaker 1: tweeting against you and your company. That's what happened today

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Speaker 1: for Jack Dorsey, and he ended the day in the

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Speaker 1: Oval Office. And there's this picture that the White House

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Speaker 1: tweeted out of Jack Dorsey seated directly across from President

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Speaker 1: Trump inside of the Oval office. Uh, and a lot

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Speaker 1: of staffers were in that room. But it'll be a

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Speaker 1: fly on the wall for that. Margaret Talatt Is Bloomberg,

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Speaker 1: new senior White House reporter. Jordan Fabian, White House correspondent

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Speaker 1: at the Hill, thank you both for being here to

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Speaker 1: help us navigate through these headlines today. A lot of

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Speaker 1: meetings coming up. Speaker Pelosi at the White House next week.

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Speaker 1: Shinzo Abe, Prime Minister of Japan's set to be here

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Speaker 1: uh at the end of the week. But let's start

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Speaker 1: with Jack Dorsey, Margaret, let's do it. Let's so, I mean,

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Speaker 1: what do they talk about? So, like, let's just do

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Speaker 1: the fifty feet on this first. When you think of

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Speaker 1: President Trump and you think about his most effective like

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Speaker 1: method for getting stuff into the bloodstream of America in

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Speaker 1: the world, I don't know about you guys, Like I

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Speaker 1: think of Twitter, He's got sixty million followers roughly. When

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Speaker 1: we all wake up in the morning, those of us

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Speaker 1: who cover the White House and like do it. Like

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Speaker 1: you wake up, you go to the bathroom, you bring

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Speaker 1: your phone with you. What are you doing. You're looking

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Speaker 1: to see whether Donald Trump has tweeted it? Right now?

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Speaker 1: Die by the tweets. So, like the Trump's central criticism

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Speaker 1: of Twitter, which is that they're not Republican friendly enough.

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Speaker 1: He may they make it hard for his you know,

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Speaker 1: followers to like navigate stuff. He's not acting like someone

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Speaker 1: honestly day to day who thinks who thinks Twitter is

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Speaker 1: any kind of a problem for him? It is his

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Speaker 1: favorite go to vehicle. And um, do you know, like

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Speaker 1: the old must is almost like a cartoon image of

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Speaker 1: like you're going to see the like you're going to

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Speaker 1: see a boss or you're going for an interview or something,

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Speaker 1: and like your chair is like the really low chair.

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Speaker 1: It's like really low, and the other guy's chairs like

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Speaker 1: really high. This is like the Twitter equivalent of that.

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Speaker 1: Like it takes days to set up a meeting. Like

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Speaker 1: Trump knew that Dorsey was coming in later that day,

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Speaker 1: so he just decides him to like, you know, give

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Speaker 1: him a hard time on his own medium hours before

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Speaker 1: he comes in, just to like show him who the

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Speaker 1: bosses before he comes to this meeting. And he suggests

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Speaker 1: on Twitter this morning, you know, um quotes Maria Barbaromo,

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Speaker 1: he says the best thing to ever happen to Twitter

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Speaker 1: is Donald Trump quoting himself in the third person. Then

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Speaker 1: he claims that they're very discriminatory, um, and they don't

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Speaker 1: treat him well. And then what happens he comes in,

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Speaker 1: he has this meeting with Dorset. He suggests that he's

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Speaker 1: going to get Congress to like do something to Twitter,

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Speaker 1: somehow regulate them for trying to make a more pro

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Speaker 1: Republican or something. And then after this meeting with Dorsey,

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Speaker 1: how does he leave it? Great mating, Great mating with

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Speaker 1: at Jack from at Twitter. So many subjects discussed, looking

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Speaker 1: forward to keeping an open dial Jordan's help, Let's dive

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Speaker 1: into into some of the policy as Martin was alluding to,

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Speaker 1: because conservatives have been saying that social media platforms are

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Speaker 1: anti conservative, that they've been bolstering progressive messaging. There's a

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Speaker 1: lot of antitrust issues that I think if you, if

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Speaker 1: you look down the pipeline that could bubble up, boil

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Speaker 1: over into the next couple of months. Uh. And and

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Speaker 1: of course you've got the break up the big tech

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Speaker 1: fervor that is running rampant through through the left right

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Speaker 1: now and even to some extent, uh, nonpartisan calls for

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Speaker 1: more regulations on Silicon Valley. So did any of that

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Speaker 1: come up or was it the President just sort of saying,

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Speaker 1: why did you purge? I love this word purge purge

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Speaker 1: hundreds of thousands of my of my Twitter followers. Yeah.

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Speaker 1: I mean, first of all, I got to say that

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Speaker 1: it's it's super interesting that Republicans, the party of free markets,

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Speaker 1: are now all of a sudden very interested in regulating

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Speaker 1: these big tech companies. And this is really something that's

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Speaker 1: come up in the past two years as the President

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Speaker 1: Trump and others have been plained about this alleged bias

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Speaker 1: on their platforms. And I don't know if it came up.

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Speaker 1: For sure, I'm sure it did considering what the President

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Speaker 1: was talking about this morning, but uh, look, this meeting

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Speaker 1: could really increase attention on the issue. You know, Ted

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Speaker 1: Cruz has a bill in the Senate that would propose

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Speaker 1: a lot of changes to how these companies regulated. So,

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Speaker 1: uh look, I mean, who knows if that gets past,

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Speaker 1: but at the very least, this is going to increase

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Speaker 1: pressure on these companies to take internal action to address this.

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Speaker 1: And I'm sure that all of their lobby shops and

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Speaker 1: all their comp shops are kicking into high gear to

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Speaker 1: protect against something like getting attacked by the president on Twitter.

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Speaker 1: That's not something that any of these companies won't have

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Speaker 1: to deal with well. And the election is going to

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Speaker 1: be like a test and a pivot point for all

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Speaker 1: the social media companies, whether it has to do with

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Speaker 1: whatever bots or foreign governments are trying to do to

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Speaker 1: interfere to what other one campaign is trying to do

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Speaker 1: to another one. And then just in terms of regulate

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Speaker 1: hitting kind of the the dynamic that happens that gets

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Speaker 1: very heated on social media. Who do you think? Who

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Speaker 1: do you think has more followers? Former President Obama or

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Speaker 1: President Trump? It's Obama by twice, like twice, as spoken

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Speaker 1: like to true White House reporters, who has more followers?

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Speaker 1: Taylor Swift or Donald Trump? I want to go to

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Speaker 1: Taylor Swift too, right, I would guess that, but I

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Speaker 1: have Taylor Swift alright? Uh, fun facts switching Herman Kane,

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Speaker 1: he was what was the answer is the Taylor Swift?

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Speaker 1: Who has more? Taylor Swift or Barack Obama? That I

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Speaker 1: don't know, but I'll find out coming up. We'll check

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Speaker 1: in and our esteemed listeners will know on their commune home.

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Speaker 1: Who has more but switching hears Herman Kane. This was

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Speaker 1: a die hard supporter of of of candidate Donald Trump,

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Speaker 1: someone who does have experienced in the in the Federal

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Speaker 1: Reserve world, a political pundit and whatnot. But his nomination

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Speaker 1: to the Federal Reserve Board was tanked. I want to

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Speaker 1: play for you what President Trump had to say about

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Speaker 1: him earlier this month. Here's the President I recommended Herman Kane.

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Speaker 1: He's a very terrific man, a terrific person. He's a

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Speaker 1: friend of mine. I have recommended him highly for the fit.

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Speaker 1: So and now, of course, the dismantling of this nomination,

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Speaker 1: and to dive deeper into the specifics, the Senate Banking

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Speaker 1: Committee would have to advance the nomination uh to the

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Speaker 1: Senate floor for their ultimately be a confirmation vote. Of course,

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Speaker 1: that's Republican controlled. Senator Mitt Romney, a Republican from Utah,

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Speaker 1: a member of the Senate Banking Committee, withdrawing his support,

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Speaker 1: as did others. I believe Corey Gardner or Kevin Kramer,

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Speaker 1: I apologize. Kevin Kramer, a Republican from North Dakota, withdrawing

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Speaker 1: his support. Another member of that committee, and and really

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Speaker 1: torpedoing the chances of him getting confirmed. What message Jordans

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Speaker 1: were they sending? And I know you and your colleague

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Speaker 1: Sylvan Lane over there at the Hill doing a lot

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Speaker 1: of reporting on this. What did they message were they

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Speaker 1: trying to send by saying to the president, Herman Kane

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Speaker 1: is not gonna is not the right fit for the FO.

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Speaker 1: I mean, just straight up there the messages this guy

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Speaker 1: is not qualified to serve on the Federal Reserve Board

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Speaker 1: and that they're concerned about the President's effort to assert

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Speaker 1: more political control over the Federal Reserve Board and monetary policy. Uh,

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Speaker 1: you know, Kine was somebody who you know, really put

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Speaker 1: his support for Trump out there, and that's not something

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Speaker 1: that they were comfortable with. In addition to, you know,

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Speaker 1: what they said were his lack of qualifications. So another

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Speaker 1: guy who might receive the same questions as Stephen Moore. So, yeah,

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Speaker 1: I'll let you run with that. But this is a

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Speaker 1: battle the Senate is signaling that they're willing to have

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Speaker 1: with the President. So on Stephen Moore, Margaret, how does

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Speaker 1: Herman Kine impact what's going on with Stephen Moore? Yeah,

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Speaker 1: I mean I think we've been looking for some clarity

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Speaker 1: from the White House on whether um Kine's fate is

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Speaker 1: inevitable for more or not, And as of yesterday, the

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Speaker 1: guide that we were getting was no, they're moving ahead

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Speaker 1: with um uh, you know, the kind of vetting that

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Speaker 1: happens before a formal nomination happens. But in both of

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Speaker 1: these cases, you're looking at people who are very critical

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Speaker 1: of the FED than want to serve on the FED.

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Speaker 1: And so I think Stephen Moore literally said in an

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Speaker 1: interview that FED share should be fired, right, And so

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Speaker 1: there I would I would look at both of these

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Speaker 1: nominees on a on a few different levels. One is

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Speaker 1: what is their experience, Are they economists or they like

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Speaker 1: you know, quote unquote qualified. Number two is what is

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Speaker 1: their posture towards the FED? And I think for a

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Speaker 1: lot of lawmakers, including Republican lawmakers, the FED is supposed

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Speaker 1: to be independent and sort of beyond the president's political control.

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Speaker 1: So if you have people who are political supporters of

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Speaker 1: a president and want to kill the FED, and the

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Speaker 1: presidents want to depend in J. Powell and they see

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Speaker 1: this is the way to do it, you're gonna have

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Speaker 1: Republican resistance. And then for both men although their stories

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Speaker 1: are a little bit different. Some of the problems with

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Speaker 1: either their comments about women in the past or allegations

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Speaker 1: of harassment, of course, would come back to haunt um

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Speaker 1: in different ways. Herman Cannon, Stephen More and both nominees

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Speaker 1: are having to content that. All right, Coming up, we

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Speaker 1: moved to geopolitics. We dive into the Iran fallout with

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Speaker 1: the president's decision not to renew those waivers, and we

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Speaker 1: also we'll also hear from Congresswoman Caroline Maloney, Democrat from

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Speaker 1: New York. Earlier today, I interviewed her about the divide

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Speaker 1: within the Democratic Caucus right now, specifically over whether or

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Speaker 1: not to impeach the president President Obama. Former President Obama

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Speaker 1: has more Twitter followers than President Trump and Taylor Swift.

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Speaker 1: He's got a hundred six million, t Swift has eighty

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Speaker 1: three point two million, and the president has sixty nine

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Speaker 1: or I'm sorry, fifty nine point nine million. You can

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Speaker 1: download this sound on podcast on Apple iTunes, at Bloomberg

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Speaker 1: dot com, or by downloading the Bloomberg Business app. You

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Speaker 1: can also check us out on Radio dot com, I

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Speaker 1: Heart Radio, and Spotify. I'm Kevin Surreally. You are listening

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Speaker 1: to Bloomberg One is sound on with Kevin's really on

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Speaker 1: Bloomberg one and one oh five point seven f M

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Speaker 1: h D two, Baltimore. I'm Kevin CURRELLI, Chief Washington correspondent

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Speaker 1: for Bloomberg Television and Bloomberg Radio. Breaking news headlines crossing

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Speaker 1: the Bloomberg terminal as we speak. The Department of Treasury

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Speaker 1: will provide a decision on whether to release President Trump's

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Speaker 1: tax returns by May six. You'll remember they were subpoenaed

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Speaker 1: by the Democratic controlled House of Representatives to turn over

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Speaker 1: those tax returns of the president, and they've said that

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Speaker 1: they've been consulting with their attorneys and that they would

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Speaker 1: comply with what the law says. Obviously looks like Republicans

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Speaker 1: and Democrats have different interpretations of precisely the law. With

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Speaker 1: me for the hour, Margaret Talive, Bloomberg News, Senior White

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Speaker 1: House reporter. Jordan Fabian, White House Correspondent at the Hill. Margaret,

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Speaker 1: I don't think Secretary Munition is gonna say, here you go,

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Speaker 1: Chairwoman Maxine Waters of the House Financial Services Committee and

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Speaker 1: the like, here are all of President Trump's tax returns. No,

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Speaker 1: nobody thinks that's what's gonna happen. It's not just me.

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Speaker 1: I mean, so I guess UH. If there is a

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Speaker 1: way to extrapolate what is the meaning of this, uh,

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Speaker 1: it is that at least Nuton will answer this question. UH.

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Speaker 1: And then it will be up to Democrats, as almost

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Speaker 1: everything is these days as we head into the reelection campaign,

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Speaker 1: to decide whether to attempt to litigate when President Trump

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Speaker 1: or his team say no, or whether to UM move

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Speaker 1: on or find kind of some other way to deal

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Speaker 1: with it through hearings or you know, public campaigns or

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Speaker 1: what have you, and UM. Increasingly the UM, both the

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Speaker 1: president and his team are seeking to test the limits

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Speaker 1: of executive power and the limits of his ability to UM.

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Speaker 1: I know this is a tired cliche, break norms, because

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Speaker 1: some norms are a matter are of law, and many

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Speaker 1: norms are a matter of custom. And so if the

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Speaker 1: President doesn't says he doesn't think he has to do something,

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Speaker 1: and if Nichen reflects it in a letter, then the

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Speaker 1: Democrats will need to decide if and how to challenge

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Speaker 1: him in court. And that's you know, where we always

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Speaker 1: thought we'd be, were just a little bit closer to

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Speaker 1: it now, Yeah, Margaret, And this is really if you

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Speaker 1: take a step back and look at all the other

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Speaker 1: issues that are going on. And you have the White

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Speaker 1: House blocking the former Security Security Clearance chief from testifying.

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Speaker 1: You have them telegraphing they're probably going to declare executive

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Speaker 1: privilege on Domigann's testimony. So you have it really a

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Speaker 1: multifront war in this battle with congressional Democrats over oversight

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Speaker 1: and congressional Republicans to to some expense, but with the

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Speaker 1: but with the assumption by the White House that there

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Speaker 1: are fewer of those who want to publicly challenge them,

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Speaker 1: but there even so, there are many Republicans, you know,

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Speaker 1: Chuck Grassley Romney for whom on a case by case basis,

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Speaker 1: there have been um times when they have sought, even

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Speaker 1: Mitch McConnell to uh, to curb the president's in things,

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Speaker 1: to kind of go his own way and break the norm. Yeah,

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Speaker 1: and like the time of all this is going to

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Speaker 1: be interesting too because they're going to be a lot

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Speaker 1: of core challenges and those of course take time. And

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Speaker 1: are these core challenges being resolved after the election, before

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Speaker 1: the election. That's going to be an interesting thing to

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Speaker 1: watch because if you have the president's tax returns dropping

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Speaker 1: in October, that's of course going to be something that

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Speaker 1: could affect the race. And of course last evening, early

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Speaker 1: last evening, how Speaker Nancy Pelosi having that conference call

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Speaker 1: with House Democrats. We'll talk about that coming up. But

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Speaker 1: a lot of divide in terms of how to navigate

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Speaker 1: even if it is an impeachment, how to go about

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Speaker 1: the various different court cases and whatnot, especially with the

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Speaker 1: backdrop of the presidential election. Mind you, former Vice President

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Speaker 1: Joe Biden trying now the delaying a day, I guess,

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Speaker 1: but making an official that he's going to make it official.

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Speaker 1: I don't even know where we're at. How do you

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Speaker 1: even characterize this Thursday? I think he's formerly going to

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Speaker 1: announce that he is running for president again. Coming up,

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Speaker 1: we'll talk much more are about politics on the divide

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Speaker 1: within the Democratic Party. But I want to stick with

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Speaker 1: with policy, Margaret, because yesterday we interviewed a senior advisor

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Speaker 1: to Secretary of State Mike Pompeo, Brian Hook. He is

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Speaker 1: the architect behind increasingly Middle Eastern policy, but also of

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Speaker 1: course with US Iran policy and the decision not to

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Speaker 1: renew waivers of countries being able to do business with Iran.

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Speaker 1: And oil was a long time in the making, but

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Speaker 1: many people uh critics of the administration and both parties

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Speaker 1: were skeptical that they would be able to actually do this,

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Speaker 1: and yesterday the administration made good on this promise. I

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Speaker 1: want to play for you a bite from that interview.

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Speaker 1: Here is Brian Hook. If you want to change Iran's

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Speaker 1: calculus for funding all of these proxy wars around the

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Speaker 1: Middle East, you have to get serious about the oil.

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Speaker 1: We've already seen an impact. Iran is having a harder

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Speaker 1: time meeting their funding commitments for Hezbollah, for Hamas, for

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Speaker 1: their Shia proxies in uh Syria, and so we want

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Speaker 1: to make it hard for Iran to execute its foreign policy.

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Speaker 1: We're going to continue putting pressure on this regime. We're

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Speaker 1: in the early stages of this and Iran has a choice.

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Speaker 1: They can either start behaving like a normal nation or

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Speaker 1: they can watch their economy crumble. From inside of the

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Speaker 1: White House's perspective, Margaret, how has the day after this

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Speaker 1: decision been met from your sources that and the folks

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Speaker 1: that you talked to well to your Brian Hook talked

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Speaker 1: about it. You think it was Mike Pompeio's idea that

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Speaker 1: Mike Pompey I thought this was a great thing. In fact,

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Speaker 1: he did not. The State Department was the one sort

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Speaker 1: of major branch of Trump's administration that UH pushback or

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Speaker 1: caution on moving ahead with this. This is clearly a

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Speaker 1: victory for John Bolton and for that kind of renegade.

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Speaker 1: Let's blow it upside of of President Trump's brain. Um,

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Speaker 1: the question is, but I think we'll see there's eight

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Speaker 1: countries who had the waivers, five countries that were using

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Speaker 1: the waivers, and at least for the thos that are

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Speaker 1: UM some of the closest allied with the US, we

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Speaker 1: will see how much they had already weaned off. They

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Speaker 1: had had six months or a year, depending on how

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Speaker 1: you count it to prepare for this, and the US

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Speaker 1: the administration claims to have secured promises from the Saudias

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Speaker 1: and from the UAE to kind of backfill to make

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Speaker 1: market price oil available as needed. US um ability to

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Speaker 1: UH to produce oil has increased greatly, and so the

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Speaker 1: calculus that once upon a time would have said something

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Speaker 1: like this could trigger a recession. If you talk to

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Speaker 1: Kevin Hassett or Larry Cudlow, some a couple of the

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Speaker 1: presents top economic advisors. They say that's not really true anymore,

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Speaker 1: because the US has the ability to produce so much

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Speaker 1: more of the capacity itself. UM. One of the other

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Speaker 1: pieces of this, though, which is the US efforts to

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Speaker 1: oust Maduro and and help Guido take over in Venezuela

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Speaker 1: and thus affecting the Venezuelan oil supplied, that effort has

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Speaker 1: gone much slower than I think the US hope it would.

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Speaker 1: Uh if, if if that were resolved to the US settisfaction,

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Speaker 1: it could kind of end the drama over this a

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Speaker 1: little bit faster, get some of that venezuel and oil back.

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Speaker 1: The drama continues. UM, Kevin Surreally coming up, We're gonna

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Speaker 1: talk with Congresswoman Carolyn Maloney, Democrat from New York. You're

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Speaker 1: listening to Bloomberg. You're listening to sound On with Kevin's

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Speaker 1: he really on Bloomberg one and one oh five point

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Speaker 1: seven of m h D two Baltimore. Did you hear this?

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Speaker 1: President Trump told his aids to skip the White House

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Speaker 1: correspondence dinner this weekend. That made headlines earlier this afternoon. Meanwhile,

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Speaker 1: there's also Supreme Court census signaling that's right. The Supreme

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Speaker 1: Court has signaled support today for President trump census citizenship question.

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Speaker 1: If you haven't been following this, there was an eighty

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Speaker 1: minute argument on Tuesday that was both technical and combative,

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Speaker 1: and in fact, according to our Bloomberg colleagues Greg Store,

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Speaker 1: who covers all Things to go to for US Chief

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Speaker 1: dust Stice, John Roberts, and Justice Brett kavanall directed almost

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Speaker 1: all of their questions to lawyers challenging the decision to

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Speaker 1: ask about citizenship. President Trump wants to have a question

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Speaker 1: on the census about whether or not you are a

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Speaker 1: US citizen. Now that has drawn obviously a lot of

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Speaker 1: debate on the immigration issue, but the business community is

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Speaker 1: coming out against adding the question to the census. Uber

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Speaker 1: lift Levi Strauss jeans. They all say that if you

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Speaker 1: add this question, folks will not respond to it or

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Speaker 1: not participate in the census, and therefore it would dramatically

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Speaker 1: impact the data that businesses used to craft their bottom

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Speaker 1: lines and and make echo data. So Carola Maloney, she's

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Speaker 1: a congresswoman from New York Democrat, and she's leading the

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Speaker 1: charge in the Democratic Caucus against the President's decision to

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Speaker 1: do this. I caught up with there. Here's what she

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Speaker 1: has to say about why she's against it. Our constitution

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Speaker 1: requires an accurate count our our taxpayers depend on it,

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Speaker 1: and and our democracy depends on it. The numbers that

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Speaker 1: come out of the census are what's used for our representation.

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Speaker 1: It's the basis of our democracy. It's used to distribute

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Speaker 1: over seven hundred billion dollars annually for needs for people

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Speaker 1: and and data, good data. If you don't have good data,

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Speaker 1: then you don't have good plans for the future. Businesses

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Speaker 1: depend on it, government depends on it, and the whole

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Speaker 1: purpose of the census is to be accurate. So why

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Speaker 1: in the world would you add a question that all

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Speaker 1: the professionals are saying would decrease the accuracy by a

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Speaker 1: minimum of five point eight per cent, which is roughly

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Speaker 1: six million people. We have states that are have less

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Speaker 1: population than six million people. So it's important. You're the

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Speaker 1: co chair of the House Census Caucus. You're also the

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Speaker 1: author of the Census Idea Act, which would remove the

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Speaker 1: citizenship question from the census to prevent last minute editions

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Speaker 1: in the future. Now you know this, Republicans are gonna say, hey,

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Speaker 1: this is crucial to get this question on there to

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Speaker 1: help in terms of security issues as well as to

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Speaker 1: be able to see precisely who's in the country. Your

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Speaker 1: response to those Republicans, but we already get the number

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Speaker 1: with the American Community Survey, which is a long form,

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Speaker 1: and we have since nineteen fifty six gathered that information

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Speaker 1: on the long form. The purpose of the short form

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Speaker 1: since this is to get an accurate count, and that's

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Speaker 1: why it has been so debated. There have been three

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Speaker 1: federal cases that justices came out and said that adding

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Speaker 1: the question was capricious and would lead to an undercount,

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Speaker 1: that it had violated the Constitution and the requirement of enumeration. Uh,

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Speaker 1: they're strong, strong cases. My own city of New York,

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Speaker 1: Tish James brought a law suit that seventeen other states joined,

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Speaker 1: and I did an amicus brief with a hundred and

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Speaker 1: six members of Congress. So there have been many, many decisions,

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Speaker 1: and very going to me was a letter that former

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Speaker 1: heads of the Census Department wrote. So this was both

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Speaker 1: Republicans and Democrats saying, please don't add this question. It

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Speaker 1: will result in an undercount. It's not just politicians, not

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Speaker 1: just lawmakers and previous officials, but also uber also lift

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Speaker 1: uber Leon trials. I mean they've they've really come out

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Speaker 1: against this question being added to the census. They say

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Speaker 1: that it's going to impact and make an economic impact. Uh,

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Speaker 1: precisely because of the data that is used to calculate

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Speaker 1: a lot of their economic decisions. How would this, if

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Speaker 1: this were added, impact small businesses as well as the

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Speaker 1: businesses that I just mentioned, Well, it would impact small

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Speaker 1: businesses in terms of services that you receive. It would

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Speaker 1: be your rows, your your transportation, your infrastructure for hospitals

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Speaker 1: and so forth. But also it's planning the the Chamber

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Speaker 1: of Commerce, all of the business organizations for both both

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Speaker 1: large and mall. You sence his data to project how

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Speaker 1: many pizza palas are needed in the neighborhood, how many

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00:24:06,960 --> 00:24:10,160
Speaker 1: ubers are our lifts are needed, how many people are

432
00:24:10,160 --> 00:24:12,520
Speaker 1: going to have to be moving around. They can use

433
00:24:12,600 --> 00:24:16,159
Speaker 1: these numbers to project what's needed in the future for

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00:24:16,200 --> 00:24:20,720
Speaker 1: their business model. That was Congresswoman Carolyn Maloney, a Democrat

435
00:24:20,760 --> 00:24:23,480
Speaker 1: from New York, speaking to me earlier for Bloomberg Television

436
00:24:23,760 --> 00:24:27,360
Speaker 1: on the steps of the Supreme Court. I'm Kevin Cirelli.

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00:24:27,440 --> 00:24:32,600
Speaker 1: You're listening to Bloomberg. This is sound on with Kevin's

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00:24:32,760 --> 00:24:36,720
Speaker 1: related on Bloomberg one and one oh five point seven

439
00:24:36,800 --> 00:24:43,679
Speaker 1: f m h D two Baltimore stocks. US stocks closing

440
00:24:44,040 --> 00:24:47,960
Speaker 1: at are they rallied to record on earning surprises. Did

441
00:24:48,000 --> 00:24:51,200
Speaker 1: you see this? The US stock gauges closed at record

442
00:24:51,320 --> 00:24:54,080
Speaker 1: highs on the back of better than forecast earnings, while

443
00:24:54,119 --> 00:25:00,480
Speaker 1: the dollars strengthened and treasury yields dipped. This Twitter? Did

444
00:25:00,520 --> 00:25:04,480
Speaker 1: you see this? Twitter closed that it's highest since last summer,

445
00:25:04,920 --> 00:25:08,879
Speaker 1: adding more than four billion dollars four billion dollars to

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00:25:08,960 --> 00:25:13,320
Speaker 1: its market valuation after reporting a revenue beat for the

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00:25:13,400 --> 00:25:17,480
Speaker 1: first quarter. Jack Dorsey, CEO of Twitter, he had a day. Wow,

448
00:25:17,760 --> 00:25:20,359
Speaker 1: what a day he had. He wakes up in the morning,

449
00:25:20,359 --> 00:25:24,080
Speaker 1: I'm presuming, and checks Twitter, the thing that he created,

450
00:25:24,320 --> 00:25:27,720
Speaker 1: and you've got President Trump railing against Twitter, saying that

451
00:25:27,760 --> 00:25:31,640
Speaker 1: you know, they deleted accounts that follow him. He ends

452
00:25:31,680 --> 00:25:34,720
Speaker 1: the day with a nice message on Twitter from President

453
00:25:34,720 --> 00:25:37,600
Speaker 1: Trump after what I guess was a pleasant meeting according

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00:25:37,600 --> 00:25:41,560
Speaker 1: to White House officials, between Jack Dorsey, the CEO of Twitter,

455
00:25:41,600 --> 00:25:43,920
Speaker 1: and President Trump. You gotta see this picture that the

456
00:25:43,920 --> 00:25:47,920
Speaker 1: White House tweeted out of Jack Dorsey sitting across the

457
00:25:48,000 --> 00:25:52,600
Speaker 1: Oval Office table from President Trump just just a well,

458
00:25:52,960 --> 00:25:57,680
Speaker 1: pictures tell a thousand words or do they tell character characters?

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00:25:57,680 --> 00:26:00,560
Speaker 1: That was Margaret Taalace. She's a bloom verg New senior

460
00:26:00,600 --> 00:26:03,720
Speaker 1: White House reporter. Jordan Fabian also with us for the hour.

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00:26:03,800 --> 00:26:07,560
Speaker 1: He's a White House correspondent at the Hill. Uh. And

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00:26:07,600 --> 00:26:10,000
Speaker 1: you know, we we just started from Congresswoman Carola Maloney,

463
00:26:10,040 --> 00:26:12,399
Speaker 1: Democrat from New York about the census. I also asked

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00:26:12,400 --> 00:26:15,000
Speaker 1: her about this call last night. Did you guys follow

465
00:26:15,040 --> 00:26:19,920
Speaker 1: this call with Speaker Nancy Pelosi and the House Democratic Caucus.

466
00:26:20,200 --> 00:26:23,439
Speaker 1: I was texting with Democratic staffer Aids all morning, being like,

467
00:26:23,600 --> 00:26:27,159
Speaker 1: what happened on this call because it's the first time

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00:26:27,680 --> 00:26:31,000
Speaker 1: that they've had really an organized type of conversation about

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00:26:31,000 --> 00:26:34,320
Speaker 1: whether or not they want to impeach President Trump. And

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00:26:34,440 --> 00:26:37,480
Speaker 1: quite frankly, Margaret Jordan, I'm sure you're hearing the same thing.

471
00:26:37,960 --> 00:26:40,080
Speaker 1: The White House isn't blinking on this. They're saying, if

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00:26:40,080 --> 00:26:42,480
Speaker 1: you want to bring articles of impeachment against the president,

473
00:26:42,520 --> 00:26:44,440
Speaker 1: go for it, because it will take about a year

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00:26:44,800 --> 00:26:48,679
Speaker 1: and dominate conversation. Uh. And maybe they are viewing it

475
00:26:48,800 --> 00:26:53,199
Speaker 1: as the potential backfire. According to Congresswoman Maloney, she's in

476
00:26:53,240 --> 00:26:55,880
Speaker 1: line with Speaker Pelosi. You know, they want to hear

477
00:26:56,320 --> 00:26:58,480
Speaker 1: first and foremost, they want an unredacted version of the

478
00:26:58,520 --> 00:27:01,280
Speaker 1: Mueller Report released. They want to hear from Bob Mueller,

479
00:27:01,359 --> 00:27:04,639
Speaker 1: the Special Council testifying under oath before Congress, and then

480
00:27:04,680 --> 00:27:08,159
Speaker 1: they want to go from there. Don't tell that to

481
00:27:08,240 --> 00:27:13,439
Speaker 1: Senator Elizabeth Warren, Democrat from Massachusetts, presidential candidate. She was

482
00:27:13,480 --> 00:27:16,200
Speaker 1: the first to call for the impeachment of President Trump

483
00:27:16,240 --> 00:27:20,480
Speaker 1: following the of the Democratic presidential candidates. Following the release

484
00:27:20,480 --> 00:27:22,920
Speaker 1: of the Mueller Report. She was in a CNN town

485
00:27:22,960 --> 00:27:25,960
Speaker 1: hall last night in Manchester, New Hampshire. Here's what she

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00:27:26,000 --> 00:27:28,720
Speaker 1: had to say about the issue of impeachment. If any

487
00:27:28,760 --> 00:27:32,960
Speaker 1: other human being in this country had done what's documented

488
00:27:33,080 --> 00:27:36,320
Speaker 1: in the Muller Report, that would be arrested and put

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00:27:36,359 --> 00:27:41,240
Speaker 1: in jail. All right, Margaret alive. How is this going

490
00:27:41,320 --> 00:27:48,080
Speaker 1: to play amongst Democratic circles? Is this something that I

491
00:27:48,160 --> 00:27:51,560
Speaker 1: don't know? Former Vice President Joe Biden is going to

492
00:27:51,640 --> 00:27:54,080
Speaker 1: have to take a position on when he finally makes

493
00:27:54,119 --> 00:27:57,560
Speaker 1: it official on Thursday that he is running for president.

494
00:27:58,359 --> 00:28:00,800
Speaker 1: He might not have to take a position on Thursday,

495
00:28:00,880 --> 00:28:03,320
Speaker 1: because we believe that his initial announcement is going to

496
00:28:03,400 --> 00:28:08,439
Speaker 1: be via video. But wait, okay, okay, now finish your

497
00:28:08,440 --> 00:28:13,399
Speaker 1: thought ahead. But I think certainly by Monday, when we

498
00:28:13,880 --> 00:28:17,359
Speaker 1: expect to be his first um in person campaign event,

499
00:28:17,480 --> 00:28:20,679
Speaker 1: or at least whenever the first major TV interview is

500
00:28:20,760 --> 00:28:23,960
Speaker 1: accompanying that rollout, in the case within the next few days. Yes,

501
00:28:24,000 --> 00:28:25,720
Speaker 1: of course, it's gonna be like the first question Joe

502
00:28:25,720 --> 00:28:28,480
Speaker 1: by disaster, one of the first questions the disaster is

503
00:28:28,480 --> 00:28:30,960
Speaker 1: gonna have to answer it. And um, you know what

504
00:28:31,040 --> 00:28:34,240
Speaker 1: you see playing out inside Congress right now is going

505
00:28:34,320 --> 00:28:36,399
Speaker 1: to be mirrord to some effect, I think inside the

506
00:28:36,400 --> 00:28:38,880
Speaker 1: presidential race, but with a slightly a different imperative, because

507
00:28:38,920 --> 00:28:40,960
Speaker 1: if you're running for Congress, you need to know that

508
00:28:41,000 --> 00:28:43,760
Speaker 1: you can get realist reelected in your own district without

509
00:28:43,800 --> 00:28:46,560
Speaker 1: getting primaried out. If you're running for president, you're in

510
00:28:46,640 --> 00:28:48,560
Speaker 1: what's gonna end up being at least a twenty person

511
00:28:48,560 --> 00:28:52,160
Speaker 1: maybe a twenty two person um contest in which the

512
00:28:52,200 --> 00:28:54,800
Speaker 1: base is going to have an enormous amount of way,

513
00:28:54,840 --> 00:28:57,200
Speaker 1: in which Bernie Sanders and his followers are gonna have

514
00:28:57,200 --> 00:28:59,840
Speaker 1: an enormous amount of way. It's gonna pull Democrats for

515
00:29:00,080 --> 00:29:02,320
Speaker 1: or to the left. And what you're seeing Nancy Pelosi

516
00:29:02,400 --> 00:29:05,920
Speaker 1: doing increasingly even more so today, is to try to

517
00:29:05,960 --> 00:29:09,320
Speaker 1: walk the line between um not coming out with a

518
00:29:09,360 --> 00:29:12,160
Speaker 1: message that they're going to go straight to impeachment, but

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00:29:12,240 --> 00:29:15,360
Speaker 1: allowing that if the process takes them there, that's certainly

520
00:29:15,400 --> 00:29:17,400
Speaker 1: an avenue that they would keep open. And that's a

521
00:29:17,400 --> 00:29:19,200
Speaker 1: little bit different from what you were in the beginning,

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00:29:19,280 --> 00:29:22,040
Speaker 1: which is basically Pelosi and other Democrats saying no, no,

523
00:29:22,080 --> 00:29:24,320
Speaker 1: I don't know, why are we talking about impeachment? And

524
00:29:24,360 --> 00:29:27,080
Speaker 1: there's now an acknowledgment that there are enough Democrats or

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00:29:27,320 --> 00:29:29,920
Speaker 1: people aligned with the Democratic Party who are kind of

526
00:29:30,000 --> 00:29:33,400
Speaker 1: like appalled out for blood whatever impeachment is the only

527
00:29:33,400 --> 00:29:36,640
Speaker 1: answer that will satisfy them. That that the Democrats who

528
00:29:36,640 --> 00:29:39,640
Speaker 1: are actually trying to govern or thinking ahead towards a

529
00:29:39,640 --> 00:29:41,520
Speaker 1: general election where they would need to win enough of

530
00:29:41,560 --> 00:29:44,360
Speaker 1: the middle are and and and are looking at the

531
00:29:44,360 --> 00:29:47,720
Speaker 1: Republican controlled Senate and thinking the votes are not there

532
00:29:47,760 --> 00:29:52,680
Speaker 1: to succeed at impeachment. They're not even remotely the Senate.

533
00:29:53,080 --> 00:29:54,880
Speaker 1: What's the what's the magic number in the Senate that

534
00:29:54,880 --> 00:29:59,720
Speaker 1: they need, which is what six? It's a there's there's

535
00:30:00,040 --> 00:30:02,080
Speaker 1: there are not enough republic This is not this is

536
00:30:02,120 --> 00:30:07,560
Speaker 1: not there, okay, so so uh so they're the So

537
00:30:07,600 --> 00:30:12,960
Speaker 1: basically what you're looking at is a situation where Pelosi

538
00:30:13,200 --> 00:30:16,320
Speaker 1: and some of the other folks in Democratic leadership are like,

539
00:30:17,320 --> 00:30:19,520
Speaker 1: is this if it's going to backfire and it's not

540
00:30:19,560 --> 00:30:22,440
Speaker 1: going to succeed, we don't want to encourage this talk.

541
00:30:22,520 --> 00:30:24,560
Speaker 1: But on the other hand, if you shut it down

542
00:30:24,720 --> 00:30:28,640
Speaker 1: and say no impeachment, then you're then you're then what

543
00:30:28,680 --> 00:30:31,200
Speaker 1: you're saying is it's okay, or we're moving the goalpost,

544
00:30:31,280 --> 00:30:33,120
Speaker 1: or we're afraid of President Trump. And they're trying to

545
00:30:33,120 --> 00:30:35,680
Speaker 1: find a way to shift this language to say if

546
00:30:35,720 --> 00:30:39,400
Speaker 1: if the path leads toward impeachment, we shouldn't rule it out,

547
00:30:39,480 --> 00:30:42,560
Speaker 1: but we shouldn't say we're going there right now. Yeah.

548
00:30:42,600 --> 00:30:44,200
Speaker 1: And and just to to Bill on that, I mean,

549
00:30:44,240 --> 00:30:49,640
Speaker 1: Pelosi is a different mandate than the Elizabeth Lawrence. Main

550
00:30:49,800 --> 00:30:52,440
Speaker 1: job right now is to fire up the Democratic base

551
00:30:52,520 --> 00:30:55,440
Speaker 1: and get them on her side and get donations, etcetera.

552
00:30:55,760 --> 00:30:59,840
Speaker 1: And the base wants to see impeachment. Nancy Pelosi has

553
00:31:00,320 --> 00:31:02,959
Speaker 1: dozens of members who were elected in purple to what

554
00:31:03,040 --> 00:31:06,360
Speaker 1: read districts in who she needs to protect if she

555
00:31:06,560 --> 00:31:10,000
Speaker 1: wants to keep the House majority. So that's the problem

556
00:31:10,200 --> 00:31:12,960
Speaker 1: that she's looking at. So the question is when does

557
00:31:13,040 --> 00:31:17,680
Speaker 1: that your progressive energy collide with what Pelosi's goal is.

558
00:31:17,720 --> 00:31:20,240
Speaker 1: Next week, Yeah, it's gonna happen. No, it's gonna happen

559
00:31:20,240 --> 00:31:22,200
Speaker 1: next week when she's a meeting with President Trump is

560
00:31:22,200 --> 00:31:24,520
Speaker 1: the one. Yeah. And I can tell you, Kevin, that

561
00:31:24,560 --> 00:31:27,680
Speaker 1: the White House is salivating of this fight. I mean,

562
00:31:28,240 --> 00:31:32,240
Speaker 1: is exactly what they want to see is Democrats tearing

563
00:31:32,240 --> 00:31:35,960
Speaker 1: themselves apart over this question of impeachment because they believe

564
00:31:36,000 --> 00:31:38,560
Speaker 1: it's an unqualified winner for the president. I'm not sure

565
00:31:38,600 --> 00:31:41,680
Speaker 1: that that's the case. I think it's messier than a

566
00:31:41,720 --> 00:31:45,480
Speaker 1: lot of the aids UH seem to believe. But there's

567
00:31:45,560 --> 00:31:49,640
Speaker 1: no doubt that this this division among Democrats as real,

568
00:31:49,760 --> 00:31:53,360
Speaker 1: and the White House is dangling, dangling, dangling this carrot

569
00:31:53,520 --> 00:31:58,400
Speaker 1: of infrastructure, which many Democrats, especially more centrist Democrats, would

570
00:31:58,440 --> 00:32:01,320
Speaker 1: like to see happen, or even York Democrats. We had

571
00:32:01,360 --> 00:32:04,320
Speaker 1: former Congressman Joe Crawl, remember him, he lost to AOC,

572
00:32:04,800 --> 00:32:08,200
Speaker 1: I mean he I mean, there's so many policy areas

573
00:32:08,200 --> 00:32:10,960
Speaker 1: that that they're a portion of Democrats want to see

574
00:32:11,280 --> 00:32:14,400
Speaker 1: accomplished on and Joe Carl yesterday said you know something

575
00:32:14,440 --> 00:32:16,920
Speaker 1: like infrastructure. Speaker Pelosi has kind of warmed up to

576
00:32:16,960 --> 00:32:19,800
Speaker 1: that idea. That's why she's there, Margaret, I see a shrug.

577
00:32:19,840 --> 00:32:22,320
Speaker 1: And but you know that next week when President Trump

578
00:32:22,360 --> 00:32:24,960
Speaker 1: meets with Speaker Pelosi, he's gonna say, we can either

579
00:32:25,000 --> 00:32:28,200
Speaker 1: work together or we you do this impeachment nonsense, then

580
00:32:28,240 --> 00:32:30,320
Speaker 1: we will not talk at all. He's already said as much.

581
00:32:30,840 --> 00:32:32,720
Speaker 1: I don't, but I don't think that's the calculus that

582
00:32:32,760 --> 00:32:35,320
Speaker 1: it's going to be abiding Nancy Pelosi's thinking on this.

583
00:32:35,440 --> 00:32:37,880
Speaker 1: I mean, they talked about this over the St. Patrick's

584
00:32:37,960 --> 00:32:41,560
Speaker 1: Day gathering, which was another sort of bipartisan event, and

585
00:32:42,520 --> 00:32:44,560
Speaker 1: I see in a slightly different way. I think Pelosi

586
00:32:44,680 --> 00:32:47,320
Speaker 1: can't walk away if the President says he wants to

587
00:32:47,320 --> 00:32:50,040
Speaker 1: talk about it by partisan approach infrastructure, but Nancy, like,

588
00:32:50,080 --> 00:32:52,040
Speaker 1: why would it be a Nancy Pelosi's interest to have

589
00:32:52,120 --> 00:32:55,160
Speaker 1: a by partisan compromised that Trump would then run on

590
00:32:55,240 --> 00:32:58,120
Speaker 1: as an accomplishment, like Democrats don't want to get there.

591
00:32:58,280 --> 00:33:00,200
Speaker 1: One thing that we've seen, it's that I want to

592
00:33:00,200 --> 00:33:01,440
Speaker 1: get to Biden because we let we have less than

593
00:33:01,440 --> 00:33:04,200
Speaker 1: two minutes. But if there's one thing that we've seen,

594
00:33:04,800 --> 00:33:07,440
Speaker 1: it's a Speaker Pelosi can go back and forth with

595
00:33:07,480 --> 00:33:10,240
Speaker 1: President Trump quite well, quite quite well. All right, Joe Biden,

596
00:33:10,280 --> 00:33:12,120
Speaker 1: I didn't I didn't realize this. I missed this. Today

597
00:33:12,440 --> 00:33:14,520
Speaker 1: former Vice President Biden is gonna announce in a video.

598
00:33:14,520 --> 00:33:17,880
Speaker 1: Did he learn nothing from the Clinton campaign? Jordans We

599
00:33:17,920 --> 00:33:21,000
Speaker 1: have less than a minute. Look, I guess not. But

600
00:33:21,480 --> 00:33:24,320
Speaker 1: I think regardless of how he this initial announcement goes,

601
00:33:24,360 --> 00:33:26,800
Speaker 1: he's going to be one of the top two candidates

602
00:33:26,840 --> 00:33:29,840
Speaker 1: in the race. They just feel so controlled. Joe Biden.

603
00:33:29,960 --> 00:33:32,160
Speaker 1: His whole pitch is that he's you know, he's Joe.

604
00:33:32,720 --> 00:33:34,920
Speaker 1: He can just you know, talk. I would say, wait

605
00:33:35,000 --> 00:33:36,880
Speaker 1: for the when he gets to the Union Hall in

606
00:33:36,960 --> 00:33:41,240
Speaker 1: Pittsburgh on Monday, and then you see you, yeah, middle

607
00:33:41,240 --> 00:33:46,440
Speaker 1: class Joe exactly. I want to thank our very own

608
00:33:46,480 --> 00:33:48,160
Speaker 1: Martin tal a, good friend of mine, good friend of

609
00:33:48,160 --> 00:33:50,920
Speaker 1: the program. She is, of course, our Bloomberg News senior

610
00:33:50,960 --> 00:33:54,680
Speaker 1: White House reporter. No one knows Washington better than Margaret

611
00:33:55,200 --> 00:33:57,800
Speaker 1: and I'm very grateful for our friendship. And of course

612
00:33:57,840 --> 00:34:00,640
Speaker 1: Jordan Baby and White House correspondent at The Hill. Check

613
00:34:00,680 --> 00:34:03,400
Speaker 1: out his reporting at the Hill dot com. That does

614
00:34:03,400 --> 00:34:07,160
Speaker 1: it for me. On Kevin SURREALI you're listening to Bloomberg