1 00:00:00,560 --> 00:00:03,240 Speaker 1: Why from our nations came this budget thing is going 2 00:00:03,320 --> 00:00:05,760 Speaker 1: to do nothing Space Force. I still think it's interesting 3 00:00:05,760 --> 00:00:09,119 Speaker 1: President Trump not playing his cards yet. Headlines Policy and 4 00:00:09,240 --> 00:00:15,200 Speaker 1: Politics Colliding Floomberg Sound On, the Insiders, the influencers, the insides. 5 00:00:15,280 --> 00:00:17,560 Speaker 1: I would rather see a congressional solution. It's part of 6 00:00:17,560 --> 00:00:20,720 Speaker 1: my DNA. The Senate map in looks a lot different 7 00:00:20,720 --> 00:00:23,520 Speaker 1: than it looked in. You really have a divide within 8 00:00:23,760 --> 00:00:26,319 Speaker 1: Team Trump. The present has to do exactly what people 9 00:00:26,320 --> 00:00:28,080 Speaker 1: sent him here to do, which is to get it done. 10 00:00:28,440 --> 00:00:33,000 Speaker 1: This is Bloomberg Sound On with Keaven Shirley on Bloomberg 11 00:00:34,200 --> 00:00:36,680 Speaker 1: and one oh five point seven f m h D two. 12 00:00:37,320 --> 00:00:43,600 Speaker 1: President Trump suggests an Iran strike that has raised bipartisan alarm. 13 00:00:43,640 --> 00:00:48,240 Speaker 1: Facing the latest developments regarding Saudi Arabia and Saudi Aramco, 14 00:00:48,840 --> 00:00:52,080 Speaker 1: we have the latest from the State Department with regards 15 00:00:52,120 --> 00:00:56,520 Speaker 1: to the escalating situation overseas, plus direct comment from Senator 16 00:00:56,560 --> 00:01:01,080 Speaker 1: Mitt Romney now at odds with regards the Trump administration's 17 00:01:01,160 --> 00:01:04,040 Speaker 1: foreign policy. We will bring that to you. All of that, 18 00:01:04,080 --> 00:01:07,680 Speaker 1: plus the latest from over the weekend from the Democratic 19 00:01:08,080 --> 00:01:12,679 Speaker 1: campaign Trail, an all star panel Democratic strategist Roger Fisk 20 00:01:12,760 --> 00:01:15,440 Speaker 1: and Republican strategists Sarah Kim A lot to get through 21 00:01:15,760 --> 00:01:19,039 Speaker 1: on what has been a volatile weekend in the past 22 00:01:19,040 --> 00:01:21,679 Speaker 1: seventy two hours with regards to foreign policy. Before we 23 00:01:21,720 --> 00:01:25,520 Speaker 1: get to that, though, over the weekend, Saudi Arabia blaming 24 00:01:25,600 --> 00:01:32,399 Speaker 1: Iran for a drone strike on oil structures in Saudi Arabia. 25 00:01:32,640 --> 00:01:36,679 Speaker 1: Now since then, Secretary of State Mike Pompeo has also 26 00:01:36,760 --> 00:01:41,520 Speaker 1: directly implicated the Iranians. President Trump has not gone so 27 00:01:41,600 --> 00:01:45,760 Speaker 1: far as to specifically blame Iran, but he did tweet 28 00:01:45,800 --> 00:01:50,440 Speaker 1: out just uh, just within the last day quote Saudi 29 00:01:50,480 --> 00:01:53,560 Speaker 1: Arabia oil supply was attacked. There is reason to believe 30 00:01:53,680 --> 00:01:58,160 Speaker 1: that we know the culprit are locked and loaded depending 31 00:01:58,280 --> 00:02:02,480 Speaker 1: on verification, but are awaiting to hear from the Kingdom 32 00:02:02,520 --> 00:02:05,480 Speaker 1: as to who they believe was the cause of this 33 00:02:05,600 --> 00:02:10,840 Speaker 1: attack and under what terms we would proceeds. A lot 34 00:02:11,400 --> 00:02:15,840 Speaker 1: of questions surrounding that. Senator Mitt Romney, the Republican senator 35 00:02:15,960 --> 00:02:19,560 Speaker 1: from Utah, saying, quote in a tweet, direct engagement by 36 00:02:19,639 --> 00:02:23,239 Speaker 1: US military in response to Iran's attacks on Saudi oil 37 00:02:23,520 --> 00:02:27,440 Speaker 1: infrastructure would be a grave mistake. The US has continued 38 00:02:27,639 --> 00:02:31,079 Speaker 1: arms sales to Saudi Arabia can defend itself. If Saudi 39 00:02:31,120 --> 00:02:34,800 Speaker 1: Arabia responds against Iran attacks, the U s should be 40 00:02:34,800 --> 00:02:40,160 Speaker 1: ready to support in a non kinetic role. Sarah camp Form, 41 00:02:40,240 --> 00:02:43,640 Speaker 1: previously having served in the Trump administration, play this out 42 00:02:43,680 --> 00:02:46,200 Speaker 1: for us in the next twenty four hours in what 43 00:02:46,440 --> 00:02:53,760 Speaker 1: feels like an incredibly intense, volatile, escalating situation. I would 44 00:02:53,760 --> 00:02:56,960 Speaker 1: say three things. First and foremost, Saudi Arabia is going 45 00:02:57,000 --> 00:03:01,160 Speaker 1: to blame UM the Hoothie rebels in Yemen as opposed 46 00:03:01,200 --> 00:03:05,160 Speaker 1: to Iraq, because they're not going to destabilize their ARAMCO 47 00:03:05,280 --> 00:03:09,120 Speaker 1: offering in November, which is worth two trillion dollars according 48 00:03:09,120 --> 00:03:12,040 Speaker 1: to the Prince. So everybody just should take a deep 49 00:03:12,040 --> 00:03:14,760 Speaker 1: breath and understand it's not going to get that challenging 50 00:03:14,760 --> 00:03:18,760 Speaker 1: and arduous too. As it relates to American consumers, United 51 00:03:18,800 --> 00:03:22,760 Speaker 1: States is the next net exporter of oil. Since President 52 00:03:22,800 --> 00:03:25,600 Speaker 1: Trump has been elected into office in eighteen we now 53 00:03:26,000 --> 00:03:28,720 Speaker 1: export more oil than we import, so it's not really 54 00:03:28,760 --> 00:03:31,120 Speaker 1: going to affect us UM in the long term. And 55 00:03:31,160 --> 00:03:33,919 Speaker 1: then three, as it relates to the short term, look, 56 00:03:34,000 --> 00:03:36,800 Speaker 1: this is the biggest disruption in oil prices since the 57 00:03:36,840 --> 00:03:40,440 Speaker 1: Iranian Revolution in nineteen seventy in nineteen seventy nine. But 58 00:03:40,720 --> 00:03:44,840 Speaker 1: what it doesn't do is impact your gas prices tomorrow 59 00:03:45,320 --> 00:03:49,360 Speaker 1: next week, three weeks from now at Thanksgiving, because people 60 00:03:49,440 --> 00:03:53,480 Speaker 1: purchased oil in the previous quarter. So again, as I say, 61 00:03:53,520 --> 00:03:56,480 Speaker 1: with all things related to President Trump as it relates 62 00:03:56,520 --> 00:03:59,960 Speaker 1: to the current political environment, everybody just take a deep breath. 63 00:04:00,280 --> 00:04:04,600 Speaker 1: It is okay, Roger Fisk. I mean, you had previously 64 00:04:07,320 --> 00:04:13,680 Speaker 1: a long experience with regards to working with John Kerry, uh, 65 00:04:13,720 --> 00:04:16,159 Speaker 1: and obviously he is the former Secretary of State. But 66 00:04:16,160 --> 00:04:18,760 Speaker 1: when you look at this in a global context, how 67 00:04:18,760 --> 00:04:21,200 Speaker 1: important are the next twenty four hours to de escalate 68 00:04:21,320 --> 00:04:25,400 Speaker 1: which seems like a very escalating situation. Well, I think, 69 00:04:25,720 --> 00:04:27,440 Speaker 1: first off, thanks so much for having It's great to 70 00:04:27,440 --> 00:04:31,240 Speaker 1: be here with both of you. Um, it's tremendously disheartening 71 00:04:31,279 --> 00:04:35,840 Speaker 1: to see the president's initial instinct is one to lunge 72 00:04:36,320 --> 00:04:39,880 Speaker 1: in defense of and in subservience to the Crown Prince. 73 00:04:39,960 --> 00:04:43,000 Speaker 1: There's basically two people either in the world you could 74 00:04:43,080 --> 00:04:46,320 Speaker 1: argue that are always telling the truth. Putin is always 75 00:04:46,320 --> 00:04:48,720 Speaker 1: telling the truth and MBS is always telling the truth. 76 00:04:48,839 --> 00:04:52,600 Speaker 1: Everybody else lies. And the fact that he is that 77 00:04:52,640 --> 00:04:55,960 Speaker 1: he thinks it is part of his responsibility to genuflect 78 00:04:55,960 --> 00:04:59,359 Speaker 1: in front of these individuals, is it should be a 79 00:04:59,440 --> 00:05:02,760 Speaker 1: source of men is concern for anyone that he would 80 00:05:02,800 --> 00:05:06,120 Speaker 1: that that he is so willing and so quick to 81 00:05:06,400 --> 00:05:09,760 Speaker 1: subcontract out the U. S Military and basically put it 82 00:05:09,800 --> 00:05:14,719 Speaker 1: at the disposal of someone who's technically not even an ally. UM. 83 00:05:14,760 --> 00:05:17,120 Speaker 1: I find very odd and very troubling, and it fits 84 00:05:17,160 --> 00:05:21,280 Speaker 1: a larger pattern, both international and domestic, of utter incoherence 85 00:05:21,320 --> 00:05:23,120 Speaker 1: on on the part of this president. And just to 86 00:05:23,160 --> 00:05:26,960 Speaker 1: bring folks up to speed, Senator Chris Coons a Democrat 87 00:05:27,360 --> 00:05:30,680 Speaker 1: from Delaware. He's also one of the senior members on 88 00:05:30,800 --> 00:05:34,719 Speaker 1: Senate Foreign Relations. The Democrats saying quote, he said this 89 00:05:34,760 --> 00:05:36,919 Speaker 1: on Faction Friends earlier quote Iran is one of the 90 00:05:36,960 --> 00:05:40,839 Speaker 1: most dangerous state sponsors of terrorism. This may well be 91 00:05:41,040 --> 00:05:45,960 Speaker 1: the thing that calls for military action against Iran if 92 00:05:46,000 --> 00:05:50,039 Speaker 1: that's what the intelligence supports. That's from Chris Coon's who 93 00:05:50,160 --> 00:05:53,760 Speaker 1: is a Democrat. Uh. And I also just want to 94 00:05:53,760 --> 00:05:57,000 Speaker 1: note that just within the last hour, President Trump has 95 00:05:57,040 --> 00:06:00,400 Speaker 1: has told reporters quote when he was asked by reporters 96 00:06:00,400 --> 00:06:02,719 Speaker 1: in the press gaggle after a meeting with the Prince 97 00:06:02,720 --> 00:06:06,720 Speaker 1: of Bran Brain he had said, quote, it's looking that 98 00:06:06,760 --> 00:06:10,320 Speaker 1: way when asked point blank whether or not Iran was responsible, 99 00:06:10,560 --> 00:06:13,400 Speaker 1: and he said, quote that's being checked out right now, 100 00:06:13,440 --> 00:06:15,680 Speaker 1: and quote if I'm able to get that SoundBite, I'll 101 00:06:15,720 --> 00:06:18,839 Speaker 1: play for everybody that coming up. I want to play now, 102 00:06:19,000 --> 00:06:21,560 Speaker 1: Sarah and get your response to what Senate Majority Leader 103 00:06:21,880 --> 00:06:25,440 Speaker 1: Mitch McConnell said on the on the Senate room floor 104 00:06:25,480 --> 00:06:30,279 Speaker 1: earlier today with regards to again this drone strike on 105 00:06:30,680 --> 00:06:33,440 Speaker 1: Saudi Arabia's oil supply from over the weekend. Take a 106 00:06:33,480 --> 00:06:37,160 Speaker 1: listen to Senate Majority Leader Mitch McConnell speaking on the 107 00:06:37,200 --> 00:06:40,280 Speaker 1: Senate floor earlier today. Here he is, I hope our 108 00:06:40,320 --> 00:06:44,200 Speaker 1: international partners will join us in imposing consequences on Tehran 109 00:06:44,960 --> 00:06:50,039 Speaker 1: for this reckless de stabilizing Seray. So you hear the 110 00:06:50,080 --> 00:06:53,240 Speaker 1: President within the last two hours say it's looking that 111 00:06:53,279 --> 00:06:57,920 Speaker 1: way with regards to Iran being being behind uh these 112 00:06:57,960 --> 00:07:02,239 Speaker 1: drone strikes on Saudi Arabia. And you also hear Senator 113 00:07:02,320 --> 00:07:05,360 Speaker 1: Chris Coon's, the Democrat from Delaware on Senate Foreign Relations, 114 00:07:05,360 --> 00:07:08,200 Speaker 1: speaking earlier on Fox and Friends. And now you have 115 00:07:08,320 --> 00:07:13,520 Speaker 1: the Majority leader speaking earlier on the Senate floor. Iran 116 00:07:14,400 --> 00:07:17,520 Speaker 1: is in the focus of a bipartisan group of influential 117 00:07:17,600 --> 00:07:20,720 Speaker 1: lawmakers inside of the Beltway. So let's bifurcate this on 118 00:07:20,760 --> 00:07:23,040 Speaker 1: the R and D side, so on the Republican side. 119 00:07:23,040 --> 00:07:25,920 Speaker 1: Part of the reason why, in my opinion, Ambassador Bolton 120 00:07:26,000 --> 00:07:28,720 Speaker 1: was pushed out is because President Trump knows that his 121 00:07:28,800 --> 00:07:32,600 Speaker 1: presidency will forever end if he gets involved in another 122 00:07:32,640 --> 00:07:35,400 Speaker 1: interminable war in the Middle East. And I think every 123 00:07:35,440 --> 00:07:38,560 Speaker 1: Republican center who thinks otherwise, who thinks we should be 124 00:07:38,600 --> 00:07:44,520 Speaker 1: involved in oil based wars in Iraq, Venezuela, in Iran, potentially, 125 00:07:44,840 --> 00:07:47,280 Speaker 1: they are not looking at what the American public wants 126 00:07:47,320 --> 00:07:49,880 Speaker 1: and as it relates specifically to the Democrats and what 127 00:07:50,000 --> 00:07:52,920 Speaker 1: my colleague here next to me has been saying. You 128 00:07:53,000 --> 00:07:54,880 Speaker 1: have to consider the fact during the eight years of 129 00:07:54,920 --> 00:07:57,720 Speaker 1: the Obama administration that they were willing to give one 130 00:07:57,720 --> 00:08:00,600 Speaker 1: point five billion dollars worth of bribes over to Iran. 131 00:08:00,840 --> 00:08:03,200 Speaker 1: They're willing to stand and support France and the other 132 00:08:03,320 --> 00:08:06,600 Speaker 1: EU countries as they come around with you know, wrap 133 00:08:06,720 --> 00:08:09,080 Speaker 1: wrap around and walk around to the j C p 134 00:08:09,120 --> 00:08:10,640 Speaker 1: o A. I mean, just a couple of weeks ago 135 00:08:10,680 --> 00:08:13,880 Speaker 1: in France, Macron wants to meet with the reef, but 136 00:08:13,960 --> 00:08:15,840 Speaker 1: at the same time he's trying to come up with 137 00:08:15,880 --> 00:08:18,520 Speaker 1: his own interchange so he doesn't face you as sanctions 138 00:08:18,640 --> 00:08:21,720 Speaker 1: because he wants oil from Iran. Both parties and the 139 00:08:21,760 --> 00:08:26,080 Speaker 1: global infrastructure who is desperate for oil to fuel their economies, 140 00:08:26,160 --> 00:08:29,200 Speaker 1: need to come to one conclusion. Either you do maximum 141 00:08:29,240 --> 00:08:35,480 Speaker 1: pressure on Iran force them to become behaviorabal normative governing individuals, 142 00:08:35,800 --> 00:08:39,920 Speaker 1: or you stop basing your economies on the oil that 143 00:08:40,040 --> 00:08:42,800 Speaker 1: comes out of Iran. You can't have it both ways. 144 00:08:42,960 --> 00:08:45,520 Speaker 1: You can't preach morality and then say you want to 145 00:08:45,559 --> 00:08:48,040 Speaker 1: get involved in war. It's one or the other. I 146 00:08:48,040 --> 00:08:50,360 Speaker 1: actually agree with a lot of that, with one or 147 00:08:50,400 --> 00:08:53,920 Speaker 1: two caveats. First, the one point five billion dollars was 148 00:08:54,120 --> 00:08:57,360 Speaker 1: the result of two things. Unfrozen assets that were frozen 149 00:08:57,480 --> 00:09:00,640 Speaker 1: many decades ago, and also an arms deal where the 150 00:09:00,720 --> 00:09:03,800 Speaker 1: US was paid soon after the revolution or soon before 151 00:09:03,920 --> 00:09:06,400 Speaker 1: rather and never delivered the arms, and that sat there 152 00:09:06,400 --> 00:09:08,319 Speaker 1: and it was adjudicated, and that was money that was 153 00:09:08,360 --> 00:09:13,240 Speaker 1: basically frozen um since uh since the revolution in Iran. 154 00:09:13,880 --> 00:09:19,120 Speaker 1: I take some level of issue. It's there's no diplomatic agreement. 155 00:09:19,200 --> 00:09:21,400 Speaker 1: We're sitting here now, you know, at the hundredth anniversary 156 00:09:21,400 --> 00:09:24,640 Speaker 1: of the Treaty of Versailles, for example, There's never been 157 00:09:24,640 --> 00:09:27,679 Speaker 1: a diplomatic agreement that is perfect, and there's never been 158 00:09:27,720 --> 00:09:30,160 Speaker 1: a diplomatic agreement that is easy, and there's never been 159 00:09:30,160 --> 00:09:33,960 Speaker 1: a diplomatic agreement that cannot be easily attacked in soundbites 160 00:09:33,960 --> 00:09:36,520 Speaker 1: and talk radio and et cetera. If you're going to 161 00:09:36,600 --> 00:09:39,240 Speaker 1: be guided by those appetites, you might as well do 162 00:09:39,280 --> 00:09:42,200 Speaker 1: what this administration is doing, which is completely scrap any 163 00:09:42,200 --> 00:09:46,600 Speaker 1: diplomatic efforts at all, stick to bloviating on Twitter and 164 00:09:46,640 --> 00:09:53,720 Speaker 1: complaints and conspiracies and misinformation and sometimes outright lies. Because 165 00:09:53,960 --> 00:09:57,560 Speaker 1: I don't think that this crew has the patients or 166 00:09:57,640 --> 00:10:01,199 Speaker 1: the self restraint to get into something that takes Even 167 00:10:01,280 --> 00:10:03,120 Speaker 1: if we go down a road that maybe you would 168 00:10:03,120 --> 00:10:05,520 Speaker 1: advocate for, it would take at least one or two 169 00:10:05,600 --> 00:10:07,880 Speaker 1: years to truly come up with a diplomatic fix, and 170 00:10:07,920 --> 00:10:10,840 Speaker 1: I don't think that this crew has demonstrated the stamina 171 00:10:10,880 --> 00:10:13,400 Speaker 1: to actually go through a process like that. Well, I 172 00:10:13,400 --> 00:10:16,880 Speaker 1: would disagree, because the most important thing as it relates 173 00:10:16,880 --> 00:10:19,840 Speaker 1: to diplomacy is meeting face to face with the other side. 174 00:10:19,960 --> 00:10:23,120 Speaker 1: President Obama chose not to engage with Venezuela, with North 175 00:10:23,200 --> 00:10:27,280 Speaker 1: Korea with Iran, and I just think that it's not okay. 176 00:10:27,280 --> 00:10:28,880 Speaker 1: All right, We're gonna have much more on this coming up, 177 00:10:28,880 --> 00:10:30,600 Speaker 1: and we're also gonna play for you what President Trump 178 00:10:30,600 --> 00:10:32,360 Speaker 1: had to say about this within the last hour. And 179 00:10:32,400 --> 00:10:34,800 Speaker 1: by the way, in terms of what Sarah Kim, Republican 180 00:10:34,800 --> 00:10:38,000 Speaker 1: strategist just said about face to face Unga, the UN 181 00:10:38,080 --> 00:10:41,120 Speaker 1: General Assembly meeting is just a week and a half away, panel, 182 00:10:41,160 --> 00:10:43,920 Speaker 1: stays Roger Fisk, Sarah Kim, I'm Kevin Siilli. You can 183 00:10:43,920 --> 00:10:46,920 Speaker 1: download the Bloomberg Sound On podcast on Apple, it Tunes, 184 00:10:46,920 --> 00:10:49,840 Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app. 185 00:10:49,840 --> 00:10:52,360 Speaker 1: You can also find us on I Heart Radio Radio 186 00:10:52,440 --> 00:10:56,120 Speaker 1: dot com and Spotify. Happy Monday, folks, Lots to get through. 187 00:10:56,200 --> 00:11:07,719 Speaker 1: You're listening to Bloomberg. This is Bloomberg Sound On with 188 00:11:07,800 --> 00:11:12,200 Speaker 1: Kevin Shirley on Bloomberg and one oh five point seven 189 00:11:12,679 --> 00:11:15,920 Speaker 1: h D two. I'm Kevin Sireli, chief Washington correspondent for 190 00:11:15,920 --> 00:11:19,200 Speaker 1: Bloomberg Television in Bloomberg Radio. Look, I gotta be honest, 191 00:11:19,360 --> 00:11:22,080 Speaker 1: I'm a little bit disappointed in my Philadelphia Eagles for 192 00:11:22,200 --> 00:11:25,360 Speaker 1: that slow start the second week in a row that 193 00:11:25,480 --> 00:11:29,560 Speaker 1: they came out just so incredibly off their game in 194 00:11:29,600 --> 00:11:32,120 Speaker 1: the first quarter. Really disappointing, but you know what, We're 195 00:11:32,160 --> 00:11:35,200 Speaker 1: gonna turn it around. I'm joined by a panel of 196 00:11:35,240 --> 00:11:38,320 Speaker 1: political all stars to help navigate what was a wild, 197 00:11:38,400 --> 00:11:40,959 Speaker 1: bumpy ride over the weekend on the domestic front with 198 00:11:41,800 --> 00:11:46,080 Speaker 1: Democratic candidates. Roger Fisk gave veteran and Democratic circles with 199 00:11:46,120 --> 00:11:50,640 Speaker 1: regards to campaigns. He's a long time allied to Obama. 200 00:11:50,679 --> 00:11:53,600 Speaker 1: He has also previously worked with John Kerry. Serry Kim 201 00:11:53,640 --> 00:11:56,280 Speaker 1: is back as well. She has, of course a Republican strategist, 202 00:11:56,320 --> 00:12:00,280 Speaker 1: having previously uh served in the Trump administration and for 203 00:12:00,480 --> 00:12:03,320 Speaker 1: darryl Issa on House oversight. We're thrilled to have you 204 00:12:03,400 --> 00:12:05,320 Speaker 1: both here, all right. You and I talked about this 205 00:12:05,320 --> 00:12:08,240 Speaker 1: seria offline all the time about how it's time to 206 00:12:08,280 --> 00:12:11,840 Speaker 1: start taking Andrew Yang seriously. And just today there's a 207 00:12:11,840 --> 00:12:14,560 Speaker 1: story out on the Bloomberg Terminal that he raised a 208 00:12:14,679 --> 00:12:19,320 Speaker 1: million dollars a million dollars and just this weekend alone 209 00:12:19,600 --> 00:12:21,760 Speaker 1: are good friend of the program and colleague Ryan C. 210 00:12:22,040 --> 00:12:25,160 Speaker 1: Beckwith has an amazing story on the Bloomberg Terminal. Andrew 211 00:12:25,280 --> 00:12:30,280 Speaker 1: Yang brings Silicon Valleys upstart spirit to bid like him 212 00:12:30,320 --> 00:12:33,960 Speaker 1: or lump him. He is emerged from Houston as as 213 00:12:34,000 --> 00:12:36,720 Speaker 1: a winner, and by by all punditry accounts, for whatever 214 00:12:36,760 --> 00:12:38,599 Speaker 1: that's worth, he was always it was a ton of 215 00:12:38,640 --> 00:12:43,199 Speaker 1: play on social media. Are Republicans taking him seriously, Sarah 216 00:12:43,360 --> 00:12:46,800 Speaker 1: in terms of a potential opposition research and and and 217 00:12:46,880 --> 00:12:50,360 Speaker 1: taking him incredibly Two things? I would say. One yes, 218 00:12:50,440 --> 00:12:53,240 Speaker 1: because for the first time ever, President Trump tweeted about him, 219 00:12:53,400 --> 00:12:57,280 Speaker 1: and it was actually incredibly friend It was actually incredibly funly. 220 00:12:57,480 --> 00:13:01,240 Speaker 1: He said that, you know, he wouldn't vote for Andrew Yang, 221 00:13:01,280 --> 00:13:03,360 Speaker 1: but he would be friends with Andrew Yang. And I 222 00:13:03,360 --> 00:13:07,520 Speaker 1: think that's kind of what he offers to this very strident, angry, 223 00:13:07,760 --> 00:13:11,160 Speaker 1: entire democratic field. And two, it's really important for the 224 00:13:11,160 --> 00:13:14,760 Speaker 1: Republican Party, not just because I'm an Asian American, but 225 00:13:14,840 --> 00:13:18,080 Speaker 1: according to the US Census, Borough Asian Americans are the 226 00:13:18,160 --> 00:13:21,560 Speaker 1: fastest growing demographic, and the Latins have taken this away 227 00:13:21,559 --> 00:13:24,600 Speaker 1: from US. But between two thousand and two thousand and fifteen, 228 00:13:25,000 --> 00:13:28,400 Speaker 1: seventy two percent increase in Asian Americans, but at the 229 00:13:28,440 --> 00:13:32,880 Speaker 1: same time Latinos only grew six Asian Americans make twenty 230 00:13:32,880 --> 00:13:36,679 Speaker 1: tho dollars more than the Median. Asian Americans own small businesses. 231 00:13:36,880 --> 00:13:40,640 Speaker 1: Asian Americans are incredibly conservative, and yet the Republican Party 232 00:13:40,720 --> 00:13:44,120 Speaker 1: has a pocity of imagination when it comes to reaching 233 00:13:44,160 --> 00:13:46,720 Speaker 1: out to Asians. I work for President Bush as well. 234 00:13:47,120 --> 00:13:50,520 Speaker 1: In my twelve years in Washington, d C. Never, not 235 00:13:50,640 --> 00:13:53,160 Speaker 1: once has the RNC reached out to me for any 236 00:13:53,240 --> 00:13:56,599 Speaker 1: Asian American outreach. And I worked for two presidents to 237 00:13:56,800 --> 00:14:00,599 Speaker 1: presidential campaigns. Darryl Isa, what is going on with the 238 00:14:00,600 --> 00:14:03,240 Speaker 1: Republican Party? I love when you talk about this. I know, 239 00:14:03,440 --> 00:14:05,480 Speaker 1: I really do know. I think it's so important. I 240 00:14:05,520 --> 00:14:07,760 Speaker 1: think it's a it's a it's a very seriously and 241 00:14:07,800 --> 00:14:10,000 Speaker 1: I mean that you know, someone who knows you. I 242 00:14:10,040 --> 00:14:12,280 Speaker 1: think when you do talk about this issue, it's it's 243 00:14:12,400 --> 00:14:14,640 Speaker 1: people should listen. And good for you for for speaking 244 00:14:14,720 --> 00:14:16,880 Speaker 1: up about that. I think diversity, no matter what it is, 245 00:14:17,040 --> 00:14:21,080 Speaker 1: especially in the Republican Party, is a good thing. And yeah, 246 00:14:21,120 --> 00:14:23,760 Speaker 1: so so well Roger. Though from from your vantage point 247 00:14:23,960 --> 00:14:26,040 Speaker 1: Yang Gang, I mean, every debate I've been to, I've 248 00:14:26,040 --> 00:14:28,400 Speaker 1: been to three now the Democratic I'm telling you the 249 00:14:28,520 --> 00:14:31,760 Speaker 1: Yang Gang supporters are there. I mean, is this universal 250 00:14:31,920 --> 00:14:35,760 Speaker 1: basic income, the thousand dollars a month issue? Is this 251 00:14:35,920 --> 00:14:40,480 Speaker 1: now going to be injected into mainstream democratic democratic political 252 00:14:40,920 --> 00:14:45,200 Speaker 1: or or orthodoxy. Short answer no, But I did find 253 00:14:45,240 --> 00:14:47,320 Speaker 1: something really interesting, which is someone brought up is it 254 00:14:47,400 --> 00:14:50,000 Speaker 1: even legal for a campaign to give a voter or 255 00:14:50,000 --> 00:14:52,760 Speaker 1: a thousand dollars? And I maybe you set some light 256 00:14:52,800 --> 00:14:54,360 Speaker 1: on that. I don't even know. I don't know that 257 00:14:54,400 --> 00:14:56,680 Speaker 1: if one can, one can do that. We're always about 258 00:14:56,720 --> 00:15:00,000 Speaker 1: who's donating to the campaign, so that's not that they're 259 00:15:00,040 --> 00:15:03,280 Speaker 1: giving it away. You and I have have spoken glowingly 260 00:15:03,560 --> 00:15:07,280 Speaker 1: of um your pier slash competitors over at Hill TV, 261 00:15:07,400 --> 00:15:10,520 Speaker 1: where I'm a frequent guest, and they say that, you know, 262 00:15:10,640 --> 00:15:12,720 Speaker 1: when when Yang's name is on a clip or whatever, 263 00:15:12,800 --> 00:15:17,960 Speaker 1: that the clicks something. Something is definitely going on there. 264 00:15:18,120 --> 00:15:21,400 Speaker 1: I you know, there you can kind of the green 265 00:15:21,600 --> 00:15:25,080 Speaker 1: kind of quality of how he's presenting himself kind of 266 00:15:25,120 --> 00:15:26,880 Speaker 1: comes through. I think it was a little odd, you know, 267 00:15:26,920 --> 00:15:29,000 Speaker 1: saying you know, I'm Asian, so I know a lot 268 00:15:29,000 --> 00:15:32,120 Speaker 1: of doctors and stuff like that from a little a 269 00:15:32,120 --> 00:15:35,600 Speaker 1: little tinny. Frankly, I don't I don't know where someone 270 00:15:35,640 --> 00:15:38,200 Speaker 1: would get something like that. I like, I don't walk 271 00:15:38,240 --> 00:15:40,920 Speaker 1: around thinking that there's a disproportionate number of Asian doctors 272 00:15:41,000 --> 00:15:42,640 Speaker 1: or something. But who does he take votes from in 273 00:15:42,680 --> 00:15:46,080 Speaker 1: the Democratic primary? No one, So that where did those 274 00:15:46,160 --> 00:15:48,680 Speaker 1: votes go? Well, I mean, if you know what I mean, 275 00:15:48,880 --> 00:15:51,440 Speaker 1: well two or three percent, you know down there. I 276 00:15:51,480 --> 00:15:53,280 Speaker 1: will give him this which and this is back to 277 00:15:53,320 --> 00:15:57,040 Speaker 1: your original point, which is the level of passion amongst 278 00:15:57,080 --> 00:16:00,360 Speaker 1: his people similar to kind of Bernie's people and recently 279 00:16:00,360 --> 00:16:03,400 Speaker 1: Warren's people. And what should be Biden's concern going into 280 00:16:03,440 --> 00:16:06,240 Speaker 1: a caucus is that I bet you know, if if 281 00:16:06,560 --> 00:16:09,280 Speaker 1: Mr Yang has three that three percent will get up 282 00:16:09,280 --> 00:16:11,200 Speaker 1: at four thirty in the morning and march through sleet 283 00:16:11,200 --> 00:16:12,960 Speaker 1: and snow to get to the caucus. You know what 284 00:16:13,040 --> 00:16:15,720 Speaker 1: I'm saying, So that that can actually matter. Actually, that's 285 00:16:15,760 --> 00:16:18,760 Speaker 1: exactly what your colleague at Bloomberg wrote in that incredible article. 286 00:16:19,560 --> 00:16:22,240 Speaker 1: Yes he took. He was saying that in that article 287 00:16:22,480 --> 00:16:25,400 Speaker 1: that he's getting the Bernie bros. And he's also getting 288 00:16:25,400 --> 00:16:30,040 Speaker 1: from people. As it relates to Elizabeth Warren's passion play 289 00:16:30,080 --> 00:16:33,440 Speaker 1: for those who are interested in next generation theory when 290 00:16:33,440 --> 00:16:36,640 Speaker 1: it comes to government, this idea of automation taking over 291 00:16:36,680 --> 00:16:39,720 Speaker 1: the world, this idea that you know, climate change is 292 00:16:39,760 --> 00:16:42,200 Speaker 1: coming forth, So we really need to build homes at 293 00:16:42,200 --> 00:16:47,480 Speaker 1: a higher level. Yes, and this income thing is really interesting. 294 00:16:47,520 --> 00:16:50,000 Speaker 1: The FEC has not been clear either way, just like 295 00:16:50,600 --> 00:16:53,800 Speaker 1: the Yeah, so the FEC hasn't said one way or 296 00:16:53,800 --> 00:16:55,880 Speaker 1: the other. But I think what's really interesting about Andrew 297 00:16:55,920 --> 00:17:02,080 Speaker 1: Yang's income proposal is that it would replace Medicare, Medicaid, 298 00:17:02,920 --> 00:17:05,560 Speaker 1: food stamps, and a lot of the social wearfare programs. 299 00:17:05,560 --> 00:17:07,520 Speaker 1: And this is why I think the Republican Party should 300 00:17:07,520 --> 00:17:10,119 Speaker 1: pay attention. So it's like a block grant to individual 301 00:17:10,840 --> 00:17:13,040 Speaker 1: So I listen, I think, I think. I think what 302 00:17:13,080 --> 00:17:17,119 Speaker 1: we've identified here is that for Andrew Yang, catching fire 303 00:17:17,280 --> 00:17:19,720 Speaker 1: is bad news for for Bernie Sanders in the sense 304 00:17:19,760 --> 00:17:22,480 Speaker 1: that that same type of fervor and that that there's 305 00:17:22,880 --> 00:17:26,240 Speaker 1: that passionate level of support. That's interesting. I'm always interested. 306 00:17:26,920 --> 00:17:28,879 Speaker 1: One of the things that I'm fascinated by posters is 307 00:17:28,960 --> 00:17:31,760 Speaker 1: to see the second choices for a lot of these candidates, 308 00:17:31,800 --> 00:17:33,640 Speaker 1: like who do you like? But who's your number two? 309 00:17:33,800 --> 00:17:36,159 Speaker 1: Because so much of that matters, especially as we go 310 00:17:36,480 --> 00:17:39,520 Speaker 1: further and further along. All Right, President Trump's headed to 311 00:17:39,560 --> 00:17:43,600 Speaker 1: New Mexico today, Sarry, why is okay New Mexico? Listen, 312 00:17:43,720 --> 00:17:45,959 Speaker 1: I'm all for campaign everywhere everyone should hear from all 313 00:17:45,960 --> 00:17:49,400 Speaker 1: the candidates. But but, but New Mexico is like it's 314 00:17:49,440 --> 00:17:52,320 Speaker 1: turning even more blue, it's not even purple. Why is 315 00:17:52,359 --> 00:17:54,760 Speaker 1: he headed to New Mexico? Serry Kim? I really think 316 00:17:54,800 --> 00:17:58,120 Speaker 1: for three reasons. One, he won Michigan and Pennsylvania when 317 00:17:58,119 --> 00:18:00,639 Speaker 1: he wasn't supposed to true, so pulling numbers for him, 318 00:18:00,720 --> 00:18:03,680 Speaker 1: it's irrelevant to New Mexico is close to that wall 319 00:18:03,760 --> 00:18:06,119 Speaker 1: and they are losing jobs to illegal immigrants, and I 320 00:18:06,160 --> 00:18:08,800 Speaker 1: think he wants to take it to those type of voters. 321 00:18:08,840 --> 00:18:13,400 Speaker 1: And Three, when you tell President Trump he can't do something, 322 00:18:14,480 --> 00:18:17,040 Speaker 1: it is going to do it. And I, honest to goodness, 323 00:18:17,119 --> 00:18:20,080 Speaker 1: I was not in that room. I literally think somebody 324 00:18:20,080 --> 00:18:21,840 Speaker 1: told him you can't do it, you can't win it, 325 00:18:21,880 --> 00:18:26,000 Speaker 1: you can't go there. And he was like, quickly, Roger Fisk, 326 00:18:26,160 --> 00:18:27,840 Speaker 1: I'm not gonna ask you away on New Mexico, but 327 00:18:27,840 --> 00:18:29,240 Speaker 1: I'm gonna ask you away on this. Now that the 328 00:18:29,280 --> 00:18:34,040 Speaker 1: dust is settled from the Castro Biden moment, Biden emerges stronger. 329 00:18:34,080 --> 00:18:36,639 Speaker 1: After that moment, Castro emerges weaker. What's your what's your 330 00:18:36,640 --> 00:18:39,680 Speaker 1: take on Monday afternoon? Well, when you're the front runner 331 00:18:39,720 --> 00:18:42,760 Speaker 1: at this point. Every day that you don't get mortally 332 00:18:42,760 --> 00:18:48,600 Speaker 1: wounded as a win, right, and and when when you're 333 00:18:48,880 --> 00:18:51,080 Speaker 1: where and when you're a castro, every day that you 334 00:18:51,119 --> 00:18:54,560 Speaker 1: don't mortally wound the front runner is a loss. So 335 00:18:54,680 --> 00:18:57,480 Speaker 1: in that sense, there was a little bit of a hullabaloo, 336 00:18:57,480 --> 00:18:59,600 Speaker 1: and you know, forty eight hour lap around me, the 337 00:18:59,800 --> 00:19:03,159 Speaker 1: kind of chattering cycle. But things come full circle and 338 00:19:03,240 --> 00:19:05,520 Speaker 1: basically are where they started, all right. Coming up much 339 00:19:05,560 --> 00:19:08,200 Speaker 1: more on the geopolitical front, we've got that fresh sound 340 00:19:08,240 --> 00:19:11,560 Speaker 1: from President Trump with regards to Saudi Arabia and Iran 341 00:19:12,000 --> 00:19:15,720 Speaker 1: panel stage Roger Fist, Democratic strategist, Seray Kim Republican strategists. 342 00:19:15,720 --> 00:19:18,840 Speaker 1: You can download the Bloomberg Sound On podcast on Apple iTunes, 343 00:19:18,840 --> 00:19:21,800 Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app. 344 00:19:21,800 --> 00:19:23,760 Speaker 1: You can also find us on Radio dot Com, I 345 00:19:23,840 --> 00:19:27,600 Speaker 1: Heart Radio, and Spotify. I'm Kevin Cerelli, Chief Washington correspondent 346 00:19:27,600 --> 00:19:31,160 Speaker 1: from Bloomberg Television and Bloomberg Radio. And you're listening to Bloomberg. 347 00:19:36,240 --> 00:19:39,720 Speaker 1: You're listening to Bloomberg Sound On with Kevin Sirelate on 348 00:19:39,800 --> 00:19:43,280 Speaker 1: Bloomberg and one oh five point seven a m h 349 00:19:43,400 --> 00:19:46,960 Speaker 1: D two. I'm Kevin Cirelli, Chief Washington correspondent fro Bloomberg 350 00:19:47,000 --> 00:19:51,359 Speaker 1: Television and Bloomberg Radio. US stock slipt oil surge, and 351 00:19:51,440 --> 00:19:55,359 Speaker 1: investors sought out assets considered to behaven's in times of 352 00:19:55,400 --> 00:19:59,080 Speaker 1: troubles after a strike on Saudi Arabia's crude production heightened 353 00:19:59,800 --> 00:20:03,920 Speaker 1: g oh political risk with me to navigate this volatile 354 00:20:04,000 --> 00:20:10,119 Speaker 1: weekend and Monday. In global politics, democratic strategist Roger Fisk 355 00:20:10,200 --> 00:20:14,639 Speaker 1: and Republican strategist Sarah Kim. Roger has been a longtime 356 00:20:14,680 --> 00:20:17,840 Speaker 1: allied to former President Barack Obama. He has previously also 357 00:20:17,880 --> 00:20:21,040 Speaker 1: worked to UH the former Senator John kerry In, the 358 00:20:21,040 --> 00:20:24,080 Speaker 1: former Secretary of State, and Sarah Kim previously working in 359 00:20:24,119 --> 00:20:27,439 Speaker 1: the Trump administration and having worked for darryl Issa on 360 00:20:27,520 --> 00:20:31,800 Speaker 1: House oversight. I'm looking at the markets panel, thank you 361 00:20:31,840 --> 00:20:35,560 Speaker 1: both for being here, and losses for automakers helped drag 362 00:20:35,640 --> 00:20:39,560 Speaker 1: the SNP five index down the most and almost two weeks. 363 00:20:40,160 --> 00:20:43,000 Speaker 1: I'm also looking at the developments in the Middle East 364 00:20:43,280 --> 00:20:47,359 Speaker 1: that are testing sentiment after a bullish start to the 365 00:20:47,400 --> 00:20:51,920 Speaker 1: month for global equities and other riskier assets. I mean literally, 366 00:20:52,000 --> 00:20:54,119 Speaker 1: I was plugged in when I was watching No No, 367 00:20:54,200 --> 00:20:56,280 Speaker 1: I mean I was plugged in not paying attention to 368 00:20:56,320 --> 00:21:00,840 Speaker 1: anything else yesterday, just at the oil price is yesterday 369 00:21:00,880 --> 00:21:05,600 Speaker 1: and just how they shot up with regards to all 370 00:21:05,640 --> 00:21:09,520 Speaker 1: of the developments following that drone strike on uh An 371 00:21:09,560 --> 00:21:14,879 Speaker 1: oil oil fields in uh in Saudi Arabia. And we 372 00:21:14,960 --> 00:21:19,040 Speaker 1: do have fresh sound from President Trump speaking out earlier 373 00:21:19,040 --> 00:21:21,479 Speaker 1: this afternoon, just about an hour ago, where he was 374 00:21:21,520 --> 00:21:25,280 Speaker 1: asked by reporters in the Oval Office whether or not 375 00:21:25,440 --> 00:21:29,520 Speaker 1: he believes that Iran was responsible for that drone. Right, 376 00:21:29,600 --> 00:21:31,840 Speaker 1: take a listen to the President of the United States. 377 00:21:32,440 --> 00:21:35,720 Speaker 1: In that way, we'll have some pretty good, uh, we're 378 00:21:35,720 --> 00:21:38,320 Speaker 1: having some very strong studies done. But it's certainly looking 379 00:21:38,359 --> 00:21:41,480 Speaker 1: that way at this moment. And uh, we'll let you 380 00:21:41,520 --> 00:21:43,959 Speaker 1: know as soon as we find out definitively, we'll let 381 00:21:44,000 --> 00:21:46,360 Speaker 1: you know. But it does look that way. So President 382 00:21:46,400 --> 00:21:48,720 Speaker 1: Trump saying that it looks that way that Iran was 383 00:21:48,800 --> 00:21:51,240 Speaker 1: responsible for that. In a tweet that he had sent 384 00:21:51,240 --> 00:21:54,879 Speaker 1: out on Sunday, he said that they, without naming Iran, 385 00:21:55,000 --> 00:21:58,280 Speaker 1: that that the US was quote unquote locked and loaded 386 00:21:58,760 --> 00:22:02,520 Speaker 1: end quote. President Ump again later this afternoon, following a 387 00:22:02,640 --> 00:22:06,840 Speaker 1: visit with Rain's Crown Prince Salman Binhammed, a. Khalifa was 388 00:22:07,040 --> 00:22:10,000 Speaker 1: also asked whether or not he wanted to have military 389 00:22:10,040 --> 00:22:14,560 Speaker 1: conflict or war with Iran. Take a listen to President 390 00:22:14,560 --> 00:22:18,280 Speaker 1: Trump answering that question in the Oval Office war. I 391 00:22:18,280 --> 00:22:20,960 Speaker 1: don't want war with anybody. I'm somebody that would like 392 00:22:21,040 --> 00:22:24,760 Speaker 1: not to have war. Sarah Kim. We put this in 393 00:22:24,840 --> 00:22:27,639 Speaker 1: context the President's remarks this afternoon with what sent A 394 00:22:27,680 --> 00:22:31,040 Speaker 1: Majority Leader Mitch McConnell said on the floor finger pointing 395 00:22:31,440 --> 00:22:36,439 Speaker 1: to Iran. Senator Chris Coon's, a Democrat from Delaware, on 396 00:22:36,640 --> 00:22:40,320 Speaker 1: who spoke on Fox News, also speaking critically of Iran. 397 00:22:41,960 --> 00:22:48,600 Speaker 1: It sounds that there's nonpartisan agreement that Iran is somehow 398 00:22:48,640 --> 00:22:51,800 Speaker 1: connected to this. There's no actual studies that have been done, 399 00:22:51,800 --> 00:22:55,359 Speaker 1: but according to the public comments from those lawmakers and 400 00:22:55,400 --> 00:23:00,480 Speaker 1: the President of the United States, Iran will now under 401 00:23:00,520 --> 00:23:05,080 Speaker 1: even more of a microscope, and their financial dealings will 402 00:23:05,119 --> 00:23:09,320 Speaker 1: be under more of a microscope. This as the State 403 00:23:09,320 --> 00:23:13,359 Speaker 1: Department Secretary of POPEO has put a maximum campaign of 404 00:23:13,440 --> 00:23:16,280 Speaker 1: pressure on them with regards to sanctions. We're just a 405 00:23:16,320 --> 00:23:18,480 Speaker 1: week and half away from the UN General Assembly, meaning 406 00:23:19,520 --> 00:23:24,040 Speaker 1: how much more pressure will be on them, especially their 407 00:23:24,080 --> 00:23:27,159 Speaker 1: relationships to Russia and China. So let's try and furgate 408 00:23:27,240 --> 00:23:30,520 Speaker 1: this into three changes, economic, military, and social. First, as 409 00:23:30,560 --> 00:23:34,720 Speaker 1: it relates to economic, Iran has unemployment. They are under 410 00:23:34,760 --> 00:23:38,000 Speaker 1: a maximum pressure sanction campaign where it's not just their leadership, 411 00:23:38,000 --> 00:23:41,320 Speaker 1: but now we're going into serief into the military generals. 412 00:23:41,359 --> 00:23:43,920 Speaker 1: So I think what you see in internal Iran is 413 00:23:43,960 --> 00:23:47,120 Speaker 1: a desire for a regime change. So whatever we feel 414 00:23:47,160 --> 00:23:51,200 Speaker 1: about external pressure, it is working within the country. So 415 00:23:51,280 --> 00:23:53,280 Speaker 1: as it relates to the economics of it, I mean, 416 00:23:53,359 --> 00:23:56,400 Speaker 1: Iran is definitely suffering, as is the other countries who 417 00:23:56,400 --> 00:23:58,960 Speaker 1: are exporting oil from Iran because we've told them that 418 00:23:58,960 --> 00:24:01,000 Speaker 1: we're going to sanction them too. As it relates to 419 00:24:01,000 --> 00:24:03,760 Speaker 1: the military, Iran does not have the capability to go 420 00:24:03,840 --> 00:24:05,879 Speaker 1: to war in the United States. When you consider the 421 00:24:05,920 --> 00:24:09,520 Speaker 1: Iranian annual budget is about three hundred billion dollars. United 422 00:24:09,560 --> 00:24:12,199 Speaker 1: States annual budget is trillion. It's never gonna happen. I 423 00:24:12,200 --> 00:24:13,480 Speaker 1: want to make you, I want to, I want to 424 00:24:13,520 --> 00:24:14,760 Speaker 1: I want to get to your last point. But I 425 00:24:14,800 --> 00:24:16,800 Speaker 1: just want to follow up on that because Roger and 426 00:24:16,800 --> 00:24:19,119 Speaker 1: and so remember that third point. But Roger, what she 427 00:24:19,200 --> 00:24:22,400 Speaker 1: just said was Ron can't afford to go to war 428 00:24:22,440 --> 00:24:26,399 Speaker 1: with the United States. But Saudi Arabia, if we if 429 00:24:26,440 --> 00:24:28,400 Speaker 1: we go upon the drone strike, and there's a story 430 00:24:28,440 --> 00:24:30,320 Speaker 1: on the terminal that was published within the last day, 431 00:24:30,720 --> 00:24:35,640 Speaker 1: Saudi Arabia obviously can't afford to protect Saudi Aramco's oil. 432 00:24:36,080 --> 00:24:38,240 Speaker 1: I mean, I mean, and and this how could I'm 433 00:24:38,280 --> 00:24:41,720 Speaker 1: reading from my colleague Mark champions Uh story on Bloomberg. 434 00:24:41,720 --> 00:24:44,520 Speaker 1: How could Saudi Arabia, country with the world's third largest 435 00:24:44,560 --> 00:24:48,000 Speaker 1: military budget and six battalions of US built Patriot missile 436 00:24:48,000 --> 00:24:51,760 Speaker 1: defense systems, failed to defend the beating heart of the 437 00:24:51,840 --> 00:24:56,760 Speaker 1: oil industry on which the kingdom depends. That in and 438 00:24:56,800 --> 00:25:00,399 Speaker 1: of itself, the lack of security at this oil fields, 439 00:25:00,400 --> 00:25:05,080 Speaker 1: I think is isn't It's a glaring siren for volatility 440 00:25:05,080 --> 00:25:09,479 Speaker 1: in the marketplace. Roger, I agree, And you know Iran. 441 00:25:10,000 --> 00:25:12,199 Speaker 1: I don't think Iran would necessarily go to war. I 442 00:25:12,200 --> 00:25:14,560 Speaker 1: think what they would do is take the level of 443 00:25:14,640 --> 00:25:17,919 Speaker 1: terrorism that they're sponsoring and coordinating and just take it 444 00:25:18,040 --> 00:25:21,800 Speaker 1: upwards by five or ten or fift, which is enough 445 00:25:21,840 --> 00:25:24,640 Speaker 1: of a threat. There's a there's an assumption that if 446 00:25:24,840 --> 00:25:29,159 Speaker 1: if you're an advocate for something like the j c 447 00:25:29,320 --> 00:25:31,640 Speaker 1: p o A, or loosely called the Iran nuclear deal 448 00:25:31,680 --> 00:25:35,320 Speaker 1: that somehow you're either a romantic about Iran or you're 449 00:25:35,400 --> 00:25:37,080 Speaker 1: somehow or even a fan of a rand. There's no 450 00:25:37,359 --> 00:25:39,399 Speaker 1: as you were saying with Senator Cohon's there's no doubt 451 00:25:39,840 --> 00:25:45,119 Speaker 1: that they have fingerprints on this situation and many others 452 00:25:45,160 --> 00:25:47,919 Speaker 1: like it. So nothing that I say should be interpreted 453 00:25:47,960 --> 00:25:52,600 Speaker 1: as being a fan of it. That's said for whatever reason. UM. 454 00:25:52,680 --> 00:25:55,000 Speaker 1: And back to my initial point about the President lunging 455 00:25:55,000 --> 00:25:57,879 Speaker 1: in the to to be at the service of the 456 00:25:57,920 --> 00:26:00,720 Speaker 1: Crown Prince, you know, and b S looks at this 457 00:26:00,760 --> 00:26:02,199 Speaker 1: and it said, if I can get the U S 458 00:26:02,240 --> 00:26:04,440 Speaker 1: to carry this water, of course I'm going to Even 459 00:26:04,480 --> 00:26:07,399 Speaker 1: though as you mentioned, their level of defense is great. 460 00:26:07,760 --> 00:26:10,960 Speaker 1: They're the Patriot missiles made an andover Massachusetts. All I'll 461 00:26:10,960 --> 00:26:15,040 Speaker 1: have you know, by raytheon UM is still you know, 462 00:26:15,119 --> 00:26:18,720 Speaker 1: poisoned in position to deal with UM, you know, a 463 00:26:18,800 --> 00:26:22,240 Speaker 1: much larger scale kind of threat. But for anyone to 464 00:26:22,280 --> 00:26:26,200 Speaker 1: portray Saudi Arabia as if they are vulnerable or weak, 465 00:26:26,720 --> 00:26:30,960 Speaker 1: uh infrastructurally when it comes to their military is I don't. 466 00:26:31,040 --> 00:26:33,360 Speaker 1: I don't think that's accurate. And at the same time, 467 00:26:33,400 --> 00:26:36,359 Speaker 1: if they can get the US to step up and 468 00:26:36,400 --> 00:26:38,280 Speaker 1: shoulder some of the burden like we have for them 469 00:26:38,280 --> 00:26:40,280 Speaker 1: in the past, that they'll just allow that to continue. 470 00:26:40,320 --> 00:26:43,600 Speaker 1: And ostensibly this is the chain of events and the 471 00:26:43,640 --> 00:26:45,919 Speaker 1: pattern that this president was going to break. So we 472 00:26:45,960 --> 00:26:48,600 Speaker 1: shall see, all right. So, so, Sarah, I'm looking at 473 00:26:48,600 --> 00:26:51,800 Speaker 1: this that President Vladimir Putin of Russia said that Russia 474 00:26:51,840 --> 00:26:54,639 Speaker 1: is willing to defend Saudi Arabia by selling it the 475 00:26:54,680 --> 00:26:59,400 Speaker 1: advanced S four hundred anti aircraft system. So the Russians, 476 00:26:59,640 --> 00:27:03,000 Speaker 1: after having ties to Iran, are now saying that they're 477 00:27:03,000 --> 00:27:07,720 Speaker 1: going to help Saudi Arabia. I'm also incredibly uh, well, 478 00:27:07,760 --> 00:27:10,280 Speaker 1: I think an important thing to note and all of 479 00:27:10,280 --> 00:27:14,399 Speaker 1: this is just the relationship between China's investments with Iran 480 00:27:14,720 --> 00:27:17,639 Speaker 1: as well, Sarah. Your third point, well, so the third 481 00:27:17,640 --> 00:27:20,399 Speaker 1: point is social moral. I mean you just brought up China. 482 00:27:20,440 --> 00:27:22,320 Speaker 1: I think it's really important for us to discuss the 483 00:27:22,359 --> 00:27:25,399 Speaker 1: fact that they're they just negotiated a four hundred billion 484 00:27:25,400 --> 00:27:28,280 Speaker 1: dollar deal with Iran in order to help them Chinese, 485 00:27:30,280 --> 00:27:35,960 Speaker 1: the Chinese, the Chinese brokered billion dollars, billion dollars like 486 00:27:36,320 --> 00:27:40,399 Speaker 1: billion dollar deal with Iran for oil security, right, and 487 00:27:40,440 --> 00:27:44,200 Speaker 1: the Russians would be interested in protecting Saudi Arabia, because 488 00:27:44,440 --> 00:27:47,520 Speaker 1: it's not that the president, the current president United States 489 00:27:47,720 --> 00:27:50,399 Speaker 1: has been a good partner to Saudi Arabia. For the 490 00:27:50,520 --> 00:27:54,320 Speaker 1: last one hundred years. The United States government has sold 491 00:27:54,480 --> 00:27:57,159 Speaker 1: arms to Saudi Arabia. And the current deal that we 492 00:27:57,200 --> 00:28:00,359 Speaker 1: are brokering with Saudi Arabia, the arms, it wasna shated 493 00:28:00,400 --> 00:28:03,760 Speaker 1: by President Obama. We're not giving them anything new and novel. 494 00:28:04,119 --> 00:28:07,119 Speaker 1: We're completing a deal of the previous president. So again. 495 00:28:07,320 --> 00:28:10,800 Speaker 1: But but all that to say, when it comes to morality, Look, 496 00:28:11,160 --> 00:28:14,280 Speaker 1: this is an oil based argument. We either have to 497 00:28:14,320 --> 00:28:18,240 Speaker 1: decide as global consumers whether we want oil to fuel 498 00:28:18,320 --> 00:28:22,280 Speaker 1: our next day Amazon Prime purchases, whether we want oil 499 00:28:22,359 --> 00:28:25,679 Speaker 1: to make our plastic Starbucks cups, whether we want oil 500 00:28:25,760 --> 00:28:28,440 Speaker 1: so that we can live in million dollar mansions two 501 00:28:28,440 --> 00:28:31,520 Speaker 1: hours away and spend forty dollars on gas. We have 502 00:28:31,600 --> 00:28:34,879 Speaker 1: to decide, as global consumers, is oil more important or 503 00:28:34,960 --> 00:28:38,000 Speaker 1: is morality more important? And until you make that discussion, 504 00:28:38,080 --> 00:28:41,560 Speaker 1: and until you make that decision, these morality conversations have 505 00:28:41,680 --> 00:28:44,840 Speaker 1: no place. It's either business as usual or you can 506 00:28:44,920 --> 00:28:48,680 Speaker 1: have more. So what so, what do you mean by that? So? 507 00:28:48,720 --> 00:28:50,640 Speaker 1: What you're like? Are you saying that the U s 508 00:28:50,640 --> 00:28:53,800 Speaker 1: should pull away from what so, what I'm saying is 509 00:28:53,840 --> 00:28:56,800 Speaker 1: that both Democrats and Republicans, when they look at the 510 00:28:56,880 --> 00:28:59,400 Speaker 1: rubrics of what we should do as it relates to Saudi, 511 00:28:59,480 --> 00:29:02,200 Speaker 1: what we should do as it relates to Iraq, what 512 00:29:02,240 --> 00:29:04,920 Speaker 1: we should do as it rates to Iran, we can't 513 00:29:04,960 --> 00:29:07,480 Speaker 1: at one point say, oh, these regimes are horrible. They're 514 00:29:07,520 --> 00:29:10,800 Speaker 1: killing people, you know, and then we contextualize that with 515 00:29:10,840 --> 00:29:12,960 Speaker 1: what's happening in North Korea and the fact that the 516 00:29:13,000 --> 00:29:16,200 Speaker 1: current dictator over there allegedly has killed over ten million 517 00:29:16,200 --> 00:29:18,440 Speaker 1: of his own people. Yet we're not hauling to go 518 00:29:18,480 --> 00:29:21,760 Speaker 1: into war every day because they don't have oil. We're 519 00:29:21,760 --> 00:29:24,320 Speaker 1: gonna coming up, We're gonna, We're gonna, I think that's 520 00:29:24,360 --> 00:29:28,240 Speaker 1: a good place to pause that. Coming up, We're gonna, uh, 521 00:29:28,320 --> 00:29:31,080 Speaker 1: we're gonna talk about what's on the panel's Reagar Sarah again, 522 00:29:31,200 --> 00:29:33,479 Speaker 1: Roger Fist, I'm Kevin's really Chief Washington Corse Bonder from 523 00:29:33,480 --> 00:29:36,320 Speaker 1: Bloomberg TV and Bloomberg Radio, and you're listening to Bloomberg. 524 00:29:40,840 --> 00:29:44,280 Speaker 1: You're listening to Bloomberg Sound On with Kevin Surley on 525 00:29:44,400 --> 00:29:47,680 Speaker 1: Bloomberg one and one oh five point seven. F m 526 00:29:47,840 --> 00:29:51,960 Speaker 1: h D two. Happy Monday, folks. I'm Kevin Surreally, Chief 527 00:29:51,960 --> 00:29:56,440 Speaker 1: Washington correspondent for Bloomberg Television and Bloomberg Radio. Busy, busy week, 528 00:29:56,480 --> 00:29:58,840 Speaker 1: busy busy times we've been, We've been talking about all 529 00:29:58,880 --> 00:30:02,120 Speaker 1: of it, the situation Mas Saudi Arabia, as well as 530 00:30:02,240 --> 00:30:05,760 Speaker 1: Congress being backup. They've got a lot of stuff on 531 00:30:05,800 --> 00:30:08,400 Speaker 1: their plate. For lack of a line of a better word, 532 00:30:08,640 --> 00:30:11,160 Speaker 1: And that's why I'm so grateful to have a Sara 533 00:30:11,280 --> 00:30:14,160 Speaker 1: kim here, Republican strategist. She previously served in the Trump 534 00:30:14,200 --> 00:30:17,960 Speaker 1: administration as well as for house oversight for Darryl Lisa. 535 00:30:18,360 --> 00:30:21,160 Speaker 1: You can find also her freelance reporting all over the 536 00:30:21,160 --> 00:30:25,760 Speaker 1: Washingtonian and travel life. But I'm like glued to everything 537 00:30:25,760 --> 00:30:27,840 Speaker 1: you come out with. You're always going, You're jet setting 538 00:30:27,840 --> 00:30:31,040 Speaker 1: around the world reviewing hotels. Ever since you've taken a 539 00:30:31,120 --> 00:30:34,760 Speaker 1: breather from the Trump administration. Where's your latest piece? I 540 00:30:34,760 --> 00:30:38,000 Speaker 1: always forget. So I had two articles in Capital File 541 00:30:38,120 --> 00:30:41,440 Speaker 1: this morning, I was on ABC and next everywhere, I'm 542 00:30:41,480 --> 00:30:45,600 Speaker 1: going to Patagonia Camp in Patagonia, Patagonia Camp. Yeah, I 543 00:30:45,600 --> 00:30:47,360 Speaker 1: can't wait to hear about that. It's gonna be awesome. 544 00:30:48,400 --> 00:30:50,719 Speaker 1: I've never been. Roger Fisk is here as all right, 545 00:30:50,720 --> 00:30:52,000 Speaker 1: So we do this thing both of you know, at 546 00:30:52,000 --> 00:30:54,160 Speaker 1: the end of the show where we talked about what's 547 00:30:54,160 --> 00:30:56,520 Speaker 1: on your radar? And one thing that that folks might 548 00:30:56,560 --> 00:30:59,200 Speaker 1: have missed, Sarah, I will start with you what is 549 00:30:59,240 --> 00:31:01,880 Speaker 1: on your radar? So what is on my radar? Because 550 00:31:01,920 --> 00:31:04,200 Speaker 1: we always say we're going to talk about football, and 551 00:31:04,200 --> 00:31:06,760 Speaker 1: I think we should. Let's talk about the NFC East, 552 00:31:06,800 --> 00:31:09,680 Speaker 1: and let's talk about my hometown team, the Dallas Cowboys, 553 00:31:09,760 --> 00:31:13,400 Speaker 1: going to and O beating the Redskins. And here's my thing, Okay, 554 00:31:13,520 --> 00:31:15,640 Speaker 1: because that was a hard that was a hard sell 555 00:31:15,760 --> 00:31:18,320 Speaker 1: to beat the Washington Redskins. I say that as an 556 00:31:18,480 --> 00:31:21,160 Speaker 1: I apologize Washington. I just really just love the Eagles. 557 00:31:21,560 --> 00:31:23,480 Speaker 1: I just want to say. So. I was at an 558 00:31:23,480 --> 00:31:26,320 Speaker 1: event with the NFL and U s A Sports. They 559 00:31:27,400 --> 00:31:29,560 Speaker 1: I know, because you don't like me, Why are you 560 00:31:29,640 --> 00:31:31,960 Speaker 1: not coming to these events? No? I know you actually 561 00:31:32,000 --> 00:31:34,360 Speaker 1: like me. But here's what I think. Our quarterback at 562 00:31:34,360 --> 00:31:36,840 Speaker 1: the Dallas Cowboys, he is in the midst of contract 563 00:31:36,880 --> 00:31:39,280 Speaker 1: negotiations and they say they might he might get a 564 00:31:39,280 --> 00:31:41,760 Speaker 1: guaranteed two d million, which I think it's crazy. But 565 00:31:41,800 --> 00:31:45,200 Speaker 1: it is my firm belief that people who play with 566 00:31:45,280 --> 00:31:48,959 Speaker 1: an axe over their next play better. And Dax doesn't 567 00:31:48,960 --> 00:31:50,760 Speaker 1: think that he's going to get the contract that he wants, 568 00:31:50,760 --> 00:31:52,960 Speaker 1: so he's playing out. So I don't believe in multi 569 00:31:53,040 --> 00:31:56,120 Speaker 1: year contracts. I think they should all play year by year. Alright, Serry, 570 00:31:56,120 --> 00:31:58,120 Speaker 1: what's on your political radar? Oh, we have to do 571 00:31:58,160 --> 00:32:02,160 Speaker 1: political Okay, So the White House. The White House is 572 00:32:02,280 --> 00:32:04,960 Speaker 1: going to issue their lege slave text when it comes 573 00:32:04,960 --> 00:32:07,880 Speaker 1: to gun control background, and I think it's really critical 574 00:32:08,000 --> 00:32:11,520 Speaker 1: for our three senators Colorado, Maine and also in North 575 00:32:11,560 --> 00:32:14,280 Speaker 1: Carolina that we give them something. We have to give 576 00:32:14,320 --> 00:32:17,800 Speaker 1: them something. With the suburban voters, we're saying, Republicans, that's right, 577 00:32:17,960 --> 00:32:20,200 Speaker 1: what do you what do you give? So? I think 578 00:32:20,200 --> 00:32:23,280 Speaker 1: for Corey Gardner, whose home state you know, obviously had Columbines, 579 00:32:23,320 --> 00:32:25,760 Speaker 1: Susan Collins and Tom till Us, you got to do 580 00:32:26,160 --> 00:32:28,880 Speaker 1: the crazy guns. Look, I'm a Second Amendment person. I 581 00:32:28,880 --> 00:32:31,320 Speaker 1: shoot guns, I have in the past owned guns. I 582 00:32:31,360 --> 00:32:33,800 Speaker 1: don't own guns in DC anymore. But I'm just saying 583 00:32:33,800 --> 00:32:36,080 Speaker 1: you've got to help them out. It's interesting. I mean 584 00:32:36,120 --> 00:32:39,520 Speaker 1: this comes in the context of with regards to better 585 00:32:39,600 --> 00:32:41,520 Speaker 1: of Rourke at the Houston debate saying he wants to 586 00:32:41,560 --> 00:32:44,360 Speaker 1: ban certain weapons as well. Uh. And the n r 587 00:32:44,440 --> 00:32:46,760 Speaker 1: A is incredibly weakened, I mean and covering these for 588 00:32:46,760 --> 00:32:49,400 Speaker 1: the past eight years. Uh, the n r A politically 589 00:32:49,440 --> 00:32:52,680 Speaker 1: has never been more weak, given that volatile summer that 590 00:32:52,760 --> 00:32:56,160 Speaker 1: they had with with on that issue as well. Uh. 591 00:32:56,360 --> 00:32:59,280 Speaker 1: Roger fisquit's on your radar. I was going to say 592 00:32:59,280 --> 00:33:02,600 Speaker 1: something else, but I just changed my mind, so that 593 00:33:04,680 --> 00:33:08,280 Speaker 1: we're and you just mentioned the n r A. The 594 00:33:08,360 --> 00:33:11,760 Speaker 1: gun industry is not doing all that well under President 595 00:33:11,800 --> 00:33:14,880 Speaker 1: Trump because everyone's in very comfortable with the idea that 596 00:33:14,920 --> 00:33:16,840 Speaker 1: he's not going to be taking guns away, whereas under 597 00:33:17,480 --> 00:33:20,320 Speaker 1: the president I worked for, UM, there was this mantra 598 00:33:20,480 --> 00:33:22,480 Speaker 1: that the jack booted thugs were about to come into 599 00:33:22,480 --> 00:33:25,840 Speaker 1: your home and take your guns away, so sales skyrocketed. 600 00:33:26,200 --> 00:33:28,720 Speaker 1: It would be very interesting for me to see if 601 00:33:28,800 --> 00:33:31,400 Speaker 1: possibly there's part of the n r A that actually 602 00:33:31,480 --> 00:33:37,240 Speaker 1: might want a democratic president. Interesting. That's an interesting radar. 603 00:33:37,280 --> 00:33:40,600 Speaker 1: And just as a disclaimer, Michael Bloomberg, owner of Bloomberg LP, 604 00:33:40,960 --> 00:33:43,640 Speaker 1: the parent company of Bloomberg News, founded and helps fund 605 00:33:43,760 --> 00:33:47,040 Speaker 1: every Town for Gun Safety, a nonprofit that advocates for 606 00:33:47,200 --> 00:33:51,560 Speaker 1: universal background checks and other gun violence prevention measures. That's 607 00:33:51,560 --> 00:33:53,400 Speaker 1: an interesting thing. I mean, and and for the audience 608 00:33:53,400 --> 00:33:55,320 Speaker 1: he's driving, you couldn't see this, but Roger Fisk just 609 00:33:55,400 --> 00:34:00,840 Speaker 1: made the basketball hoop hoop motion in interesting Roger, what's 610 00:34:00,840 --> 00:34:05,000 Speaker 1: on my radar? US China trade negotiators are set to 611 00:34:05,360 --> 00:34:08,960 Speaker 1: They're expected to meet by next week. American and Chinese 612 00:34:08,960 --> 00:34:11,840 Speaker 1: senior train negotiations are expected to resume negotiations in the 613 00:34:11,840 --> 00:34:13,960 Speaker 1: next week and a half. I apologize in the next 614 00:34:14,080 --> 00:34:16,960 Speaker 1: week and a half that according to the Bloomberg terminal, 615 00:34:16,960 --> 00:34:19,799 Speaker 1: Mark Niquette and Ben Moody reporting. I want to thank 616 00:34:19,880 --> 00:34:22,680 Speaker 1: Roger Fisk and Sarai Kim for all of their help. 617 00:34:22,760 --> 00:34:25,880 Speaker 1: Is we navigated through some really difficult topics today, especially 618 00:34:25,920 --> 00:34:29,640 Speaker 1: on the geopolitical front. Incredibly incredibly important. That doesn't for me. 619 00:34:29,719 --> 00:34:32,440 Speaker 1: You can download Bloomberg Sound on podcast on Apple iTunes, 620 00:34:32,440 --> 00:34:35,359 Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app. 621 00:34:35,400 --> 00:34:37,560 Speaker 1: You can also find us on I Heart Radio radio 622 00:34:37,640 --> 00:34:41,280 Speaker 1: dot com and Spotify. Happy Monday, folks, I'm Kevin SURRELLI 623 00:34:41,320 --> 00:34:43,959 Speaker 1: you're listening to Bloomberg one