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

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Speaker 1: do nothing space sports. I still think it's interesting President

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

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Speaker 1: aligning to sound on with Kevin's related the insiders, the

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Speaker 1: influencers inside. I would rather see a congressional solution. It's

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Speaker 1: part of my DNA. The Senate map in looks a

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

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

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

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

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Speaker 1: on Bloomberg one and one seven m h D two

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Speaker 1: botomle tariff talks underway at the US Trade Representative Building.

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Speaker 1: What will Bob Leightheiser and Treasury Secretary Stephen Manusian tell

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Speaker 1: Chinese Vice Premier Luca It's all happening now. We will

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Speaker 1: bring you the latest as it happens. President Trumps saying

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Speaker 1: earlier today that a trade deal with China is possible.

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Speaker 1: But the clock it's striking down to midnight, TikTok. And

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Speaker 1: should that clock strike midnight, those tariffs that are already

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Speaker 1: at ten percent set to be jacked up to wall

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Speaker 1: streets on edge. They are on edge. Meanwhile, we are

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Speaker 1: also carefully following the latest on the investigations coming out

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Speaker 1: of Capitol Hill. What does it mean for Donald Trump Jr.

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Speaker 1: I thought that he thought that he was done with this.

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Speaker 1: It's still continuing. We have an all star panel with

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Speaker 1: us to break down the politics the policy on this.

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Speaker 1: Thank god it's almost Friday. Eve. Shannon Petty Peace. She

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Speaker 1: is my colleague as well as friend, and she is

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Speaker 1: a Bloomberg News at senior Washington reporter as well as

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Speaker 1: Bob Kuzack, my former boss. Now he's still the editor

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Speaker 1: in chief at the Hill newspaper. He's still keeping a

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Speaker 1: careful watch to make sure I don't say anything too stupid.

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Speaker 1: And Dave Brown, democratic strategist and former advisor to Senator

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Speaker 1: Patty Murray. Before we get into all of that, Uber

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Speaker 1: prices i p O at forty five dollars. Uber is

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Speaker 1: said to raise eight point one billion dollars in I

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Speaker 1: p O pricing shares at forty five dollars each. That

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Speaker 1: again breaking news, the headline crossing the Bloomberg terminal just

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Speaker 1: within the last sixty seconds. Uber is said to raise

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Speaker 1: eight point one billion dollars in I p O and

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Speaker 1: pricing it shares at forty five dollars each. Forty five

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Speaker 1: dollars each for those Uber shares as the analysis. As

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Speaker 1: the reporting continues, so will I. I'm Kevin Cirilli, Chief

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Speaker 1: Washington correspondent for Bloomberg Television and Bloomberg Radio. I'm joined

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Speaker 1: in studio tonight by Shannon Petty Peace Bloomberg News White

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Speaker 1: House reporter. Dave Brown is a Democratic strategist, a former

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Speaker 1: adviser to Senator Patty Murray and Bob Cuzack. Bob Cuzack

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Speaker 1: a friend of the program. He's editor in chief at

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Speaker 1: The Hill. Check out all of their reporting at the

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Speaker 1: Hill dot com. Shannon, it was a crazy day in

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Speaker 1: trade talks, but every day is a crazy day in

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Speaker 1: trade talks. So we're awaiting tonight while the Uber i

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Speaker 1: p O news is breaking. By the way, we're awaiting

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Speaker 1: tonight the Chinese delegation to meet. I guess they're gonna

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Speaker 1: have dinner with US Trade Representative Bob lightheis their Treasury Secretary,

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Speaker 1: Stephen Manusian and President Trump. He had he had more

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Speaker 1: to say today about the US China trade talks. The

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Speaker 1: backdrop to all of this is midnight tonight twelve o one,

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Speaker 1: a m billions of dollars worth of Chinese goods there

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Speaker 1: that the tariff, their tariff, the ten they're gonna go

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Speaker 1: all the way up to. And the President, for his part,

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Speaker 1: he was talking to reporters at the White House. I

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Speaker 1: was there, I was like, what is what's going to

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Speaker 1: happen next? He says he gets a letter from President

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Speaker 1: shi Jing Ping of China brings us up to speech

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Speaker 1: at him A very beautiful letter at that, I believe

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Speaker 1: he made sure to say several times. So it's gonna

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Speaker 1: be interesting how the Chinese respond to this. Because I'm

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Speaker 1: not a trade expert. I'm not a China negotiations expert,

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Speaker 1: but I talked to one once and the senses that

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Speaker 1: Chinese do not negotiate well with a gun against their head,

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Speaker 1: and that's what Trump is trying to do here, what

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Speaker 1: you have Trump against your head. They are concerned and

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Speaker 1: which my colleagues have reported on of getting themselves in

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Speaker 1: a North Korea situation where they are embarrassed, where Trump

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Speaker 1: walks out of some meeting where they lose face. Uh.

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Speaker 1: They are afraid of looking weak against Trump if he

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Speaker 1: puts tariffs on and they don't retaliate. So I'm not sure.

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Speaker 1: We kind of got an idea earlier this week that

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Speaker 1: the Chinese weren't going to be as enthusiastic about these

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Speaker 1: trade talks as Trump wanted. He went back and forth,

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Speaker 1: but I think it is really a fragile place these

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Speaker 1: two are at. And Trump, for all his deal making,

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Speaker 1: um you know, claims we're two years in and there

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Speaker 1: really isn't some great deal yet that he can take

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Speaker 1: credit for negotiation. So President Trump, bob. President Trump is

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Speaker 1: in a rally last night in Panama City Beach, and

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Speaker 1: this is what, this is why. One of the many

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Speaker 1: reasons I love my job is that the policy is

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Speaker 1: actually trickling out there onto the campaign trail, and the

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Speaker 1: President talked about many things and that in that signature

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Speaker 1: Trumpian rally last evening, but he also talked about China.

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Speaker 1: Take a listen to what President Trump had to say

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Speaker 1: last night in Panama City Beach about China. They broke

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Speaker 1: the deal. They can't do that, so they'll be bang,

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Speaker 1: we don't make the deal. Nothing wrong with taking in

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Speaker 1: over a hundred billion dollars a year, hundred billion. We

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Speaker 1: never did that before. He mentions the hundred billion dollars.

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Speaker 1: He mentioned it in a tweet earlier this week when

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Speaker 1: he attacked former Vice President Joe Biden. Both of them

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Speaker 1: are going after the same type of union workers to

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Speaker 1: try to win. President Trump says he would be tougher

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Speaker 1: against China. So as Shannon just said, Bob Cusack, editor

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Speaker 1: in chief of The Hill newspaper, As Shannon just said,

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Speaker 1: he's he's saying that he will be more aggressive on that.

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Speaker 1: The Chinese are on edge. They're taken off from Beijing

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Speaker 1: to come to Washington. The President has that to say.

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Speaker 1: But then take a listen to what he said at

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Speaker 1: the White House earlier today praising the Chinese serious. I

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Speaker 1: have no idea what's gonna happen? I didn't yet last

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Speaker 1: night a very beautiful letter from President she let's work together,

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Speaker 1: Let's see if we can get something done. So what

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Speaker 1: is it, Bob, listen. I think the chances of a

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Speaker 1: deal with China have gone down dramatically. Earlier this year,

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Speaker 1: I thought there was gonna be a deal. Where's the

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Speaker 1: motivation for China? I mean, their their economy is struggling

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Speaker 1: a bit compared to what it used to be. Trump's motivation,

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Speaker 1: of course, is to keep the economy roaring, and this deal,

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Speaker 1: if it unravels, would certainly in the tariffs on top

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Speaker 1: of it could hurt the economy, and that hurts his

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Speaker 1: presidential bid. You know, the the the fact that China

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Speaker 1: has reportedly backed away from stuff that they agreed to

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Speaker 1: do really rattled the White House and that's what led

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Speaker 1: to the tweet over the weekend from the President. And

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Speaker 1: you mentioned his speech last night. I think that Trump

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Speaker 1: feels he's got to get some leverage back. Um. But

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Speaker 1: you know, I think I can see the administration focusing,

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Speaker 1: which is another uphill battle of trying to get the

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Speaker 1: new NAFTA through Congress. That could be their top priority.

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Speaker 1: If they get one of the deals in through UH

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Speaker 1: and or strike a deal with China, that would be fantastic,

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Speaker 1: But right now it's looking like zero for two. Dave

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Speaker 1: Bob makes a good a good point in terms that

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Speaker 1: NAPTA two point oh or U s m C a

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Speaker 1: that needs congressional ratification a US China's trade deal doesn't,

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Speaker 1: which is fascinating in the sense that it's the world's

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Speaker 1: two largest economies that are negotiating a trade deal and

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Speaker 1: Congress won't even have to give it the stamp of approval.

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Speaker 1: So how significant of a deal could it be If

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Speaker 1: it doesn't need congressional approval, then I can already hear

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Speaker 1: folks in their cars driving home from work saying it's

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Speaker 1: the world's two biggest economy. Is of course it's a

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Speaker 1: big deal. It is a big deal. My point is,

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Speaker 1: to Bob's point, congressional appetite for this is increasingly getting skeptical,

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Speaker 1: and not just from Democrats, from Republicans, especially on these tariffs. Yeah,

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Speaker 1: I think that's right. I mean, I think the window

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Speaker 1: for NAPT to two point oh, if it hasn't already

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Speaker 1: can ppletely closed. It's it's dramatically, dramatically uh slim to

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Speaker 1: to nearly none, in part because these are really challenging votes.

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Speaker 1: They're challenging votes for Democrats who straddle the spectrum when

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Speaker 1: it comes to free trade issues, and they're also very

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Speaker 1: challenging votes for Republicans who, while historically have been free traders,

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Speaker 1: have You're seeing a bit of a political realignment in

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Speaker 1: response to Trump and Trump's policies which which really are

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Speaker 1: not traditional Republican policies when it comes to trade. So

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Speaker 1: I think NAFT to two point oh, very challenging. You

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Speaker 1: also have to, of course put this in the broader

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Speaker 1: political context, not only but also just what's playing out

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Speaker 1: inside the Beltway today yesterday, the the administration's decision is

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Speaker 1: stonewall on repeated request for documents from House Democrats. All

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Speaker 1: of these things factor into an appetite and wellness for

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Speaker 1: Nancy Pelos to be able to bring her caucus together

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Speaker 1: for any kind of actual legislating and so order priority

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Speaker 1: keV is it infrastructure first? Then naft two point oh.

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Speaker 1: I mean there's really there's only several things you can do,

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Speaker 1: if anything, with this calendar heading into alright, coming up,

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Speaker 1: we're gonna talk about those investigation sations. We're going to

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Speaker 1: talk about more obviously on the US China trade talks.

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Speaker 1: The SMP five hundred, by the way, declined for a

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Speaker 1: fourth consecutive session, leaving the index on pace for its

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Speaker 1: worst week of the year. The worst week of the year. Uh,

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Speaker 1: this is the U S China trade talks is what's

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Speaker 1: dominating the discourse, all of the all of the jackieing

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Speaker 1: on Wall Street. I said it once, I'll say it again.

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Speaker 1: They have their eye on Washington. They have their eye

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Speaker 1: not on the noise, they have their eye on the policy.

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Speaker 1: The SMP five hundred declining for a fourth consecutive session,

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Speaker 1: leaving the index on pace for its worst week of

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Speaker 1: the year. This according to my colleagues reporting on the

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Speaker 1: Bloomberg terminal. Speaking of which, Uber breaking news on the

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Speaker 1: Bloomberg Terminal. Uber raised eight point one billion dollars in

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Speaker 1: its initial public offering after pricing shares near the bottom

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Speaker 1: of their marketed range. The I p O price gives

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Speaker 1: Uber a market valuation of seventy five point five billion dollars.

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Speaker 1: That's just below its last private market value of seventy

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Speaker 1: six billion dollars. Are you a Uber? The price per

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Speaker 1: share forty five dollars price per share coming up? Panel

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Speaker 1: station and petty piece of Bloomberg News Bob Kuzack, editor

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Speaker 1: in chief of The Hill, and Dave Brown, a Democratic strategist.

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Speaker 1: You can download the sound on podcast on Apple iTunes,

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Speaker 1: at Bloomberg dot com, or by downloading my favorite app,

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Speaker 1: the Bloomberg Business App. You can also find us on

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Speaker 1: Radio dot com, I Heart Radio, and Spotify. I'm Kevin Cirelli,

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Speaker 1: Chief Washington correspondent for Bloomberg Television and Bloomberg radio. You're

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Speaker 1: listening to Bloomberg. This is Sound On with Kevin Cyrilling

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

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Speaker 1: m h D two, Baltimore. Breaking news, Breaking news off

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Speaker 1: of Wall Street. Uber. Uber has raised eight point one

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Speaker 1: billion dollars in its initial public offering after pricing shares

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Speaker 1: near the bottom of their marketed range. Meanwhile, the ride

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Speaker 1: hailing company sold a hundred and eighty million shares for

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Speaker 1: forty five dollars each, forty five dollars a share. Uber

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Speaker 1: forty five dollars a share. They've raised eight point one

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Speaker 1: billion and their initial I p O. They this gives

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Speaker 1: them a market valuation to seventy five point five billion.

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Speaker 1: That's just below, folks, that is just below the private

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Speaker 1: market value of seventies six billion dollars. Uber eight point

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Speaker 1: one billion and their initial I p O forty five

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Speaker 1: dollars a share. I'm reading the headlines off of the

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Speaker 1: Bloomberg terminal. I'm Kevin Cirilli, Chief Washington correspondent for Bloomberg

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Speaker 1: Television and Bloomberg Radio. All Star Panel. Bob Cusack, Editor

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Speaker 1: in chief at the Hill. Check out their reporting at

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Speaker 1: the Hill dot Com. Shannon Petty Peace. Bloomberg News White

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Speaker 1: House reporter Dave Brown, Democratic strategist and former advisor to

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Speaker 1: Senator Patty Burg. How's Patty doing, Dave? She is great, right,

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Speaker 1: She's doing really well. All right, thanks for asking, you know. Good. Good. Meanwhile,

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Speaker 1: back on the investigation front, Dave, what so so you

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Speaker 1: get all of this news last night? President Trump. He's

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Speaker 1: down in Panama City Beach and he gives this Trumpian

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Speaker 1: uh rallied signature. Trump. He's talking US China trade policy,

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Speaker 1: which we've covered earlier. We'll go back to that coming up.

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Speaker 1: But he also talked about the Mueller investigation and his son,

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Speaker 1: His son, Donald Trump Jr. Gets subpoena not by the Democrats,

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Speaker 1: by the Republicans. Shocked everybody. Yesterday he gets a subpoena

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Speaker 1: from this from the Republican controlled Senate Intelligence Committee. And

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Speaker 1: I mean the comments coming out of Pennsylvania Avenue today

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Speaker 1: from Mick Mulvaney and the like, the President's chief of

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Speaker 1: staff about just how they were blindsided by this. But

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Speaker 1: I want to play a bit, Dave and get your

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Speaker 1: response to what President Trump had to say about Bob Mueller.

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Speaker 1: Bob Mueller, Billy Martin's Bob Mueller. Here's President Trump on

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Speaker 1: Bob Mueller. Bob Mueller is no friend of mine. I

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Speaker 1: had conflicts with him. We had a business dispute. We

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Speaker 1: had somebody that is in love with James call me so,

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Speaker 1: I'm sorry sorry asked the question what's God? First of all,

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Speaker 1: every time you say Trump and Kevin, I think he

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Speaker 1: needs to work in your pronunciation because I hear dystopian

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Speaker 1: every time. Oh um, I thought the Delco accident was

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Speaker 1: going to come back, and so so a couple of things.

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Speaker 1: What he's doing there, it's it's very interesting. I mean,

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Speaker 1: he's flip flopped back and forth and how he talks

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Speaker 1: about Bob Mueller. But he's trying to establish a foundation

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Speaker 1: for a conflict of interest. So if he ever has

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Speaker 1: to make a subsequent argument that Mueller should have recused

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Speaker 1: himself because of my parent conflict over business interests, he's

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Speaker 1: laying that foundation. He's done that before. It's not new. Um. Yeah.

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Speaker 1: I mean, Mueller did put in his report that he

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Speaker 1: was a member of the Trump Club, and I think

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Speaker 1: for the reasons that he wasn't going to be that

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Speaker 1: he was moving and it wasn't gonna be an area.

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Speaker 1: I believe but he put that in the report, so

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Speaker 1: it wasn't like he was hiding it or anything. But

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Speaker 1: I agree with you that he's trying to lay the

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Speaker 1: groundwork for for going after Muller in anyway because he

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Speaker 1: knows that. I think at some point it was initially

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Speaker 1: going to be possibly May fifteenth, next week, the mall

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Speaker 1: is gonna testify. It's probably not gonna be then, but

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Speaker 1: he's going to testify at some point. It's going to

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Speaker 1: be historic day of testimony, and that day is probably

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Speaker 1: not going to be a great day for Donald Trump.

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Speaker 1: I think that's right. And I also think that that

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Speaker 1: the fact that they've asserted preventative or protective executive privilege

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Speaker 1: complicates this too in terms of how damaging Mueller's testimony

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Speaker 1: will be in terms of what is not in the

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Speaker 1: public sphere. So, I mean, there has been this public

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Speaker 1: attack going on, this smear campaign in a way against

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Speaker 1: Mueller for a long time, attacking his investigation, trying to

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Speaker 1: discredit his investigation. So when a report came out that

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Speaker 1: Trump's legal team and advisors knew would not be, you know,

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Speaker 1: completely favorable, they would have some way to discredit this,

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Speaker 1: this business dispute. He's talking about has to do with

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Speaker 1: golf fees in his golf club, and it was something

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Speaker 1: he told his advisors about at the time. And I

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Speaker 1: heard people were telling me and they almost found it

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Speaker 1: laughable that the President would think that Bob Muller was

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Speaker 1: going to write a nasty report on him because of

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Speaker 1: a golf fees dispute. Um this Trump brings up just

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Speaker 1: a fact check to other things in there, because I've

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Speaker 1: heard all the backstory on this. Trump brings up that

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Speaker 1: Mueller wanted the FBI director job and was upset he

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Speaker 1: didn't get it. My report indicates Mueller did talk to

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Speaker 1: Trump about the job, that was never interviewed or never

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Speaker 1: offered the job. He took the special counsel's job the

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Speaker 1: next day, so we never had a chance to offer it.

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Speaker 1: So if I'm in my car driving home from work

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Speaker 1: and I'm hearing all of this, You've got like three

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Speaker 1: top line questions. One will Bob Muller testify to why

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Speaker 1: did the Republican subpoena Donald Trump Jr? And Three is

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Speaker 1: a G. Barr finally going to get through the House

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Speaker 1: and offer testimony from the House. Speaking of of Bar,

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Speaker 1: By the way, the President also had a lot to

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Speaker 1: say about how Judiciary Committee Chairman Jerry Nadler, a Democrat

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Speaker 1: from New York. Here's President Trump on Mary Nadler. Here

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Speaker 1: he is guys like Jerry Nadler, who I fought for

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Speaker 1: many years successfully. I'm a dead back in New York

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Speaker 1: in Manhattan, he was a Manhattan congressman. I beat him

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Speaker 1: all the time, and I come to Washington and now

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Speaker 1: I have to beat him again. So Bob put it

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Speaker 1: in context in terms of the three points that we

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Speaker 1: just discussed, one being Will Mueller, will he have his

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Speaker 1: day in Congress to the Republican subpoena Donald Trump Jr.

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Speaker 1: And three A G. Bar It's it's it's like a

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Speaker 1: it's like a circus. Still it is it is. I mean,

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Speaker 1: I do think Muller at some point will test if.

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Speaker 1: I think a lot of questions for Muller, especially if

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Speaker 1: he's going to contradict what Bar told Congress Um. And

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Speaker 1: I also think that it's very interesting, as you mentioned,

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Speaker 1: the Intelligence Committee of the Senate, headed by Senator Burr,

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Speaker 1: who's taking a lot of incoming now from fellow Republicans

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Speaker 1: why he issued the subpoena to Trump Junior. And I

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Speaker 1: remember Burr is not running for re election. He's up

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Speaker 1: in this is his last term, so they can't get

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Speaker 1: him electorally. Um. And I think he's probably taking more

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Speaker 1: shots in normal because well you know, he's he's going

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Speaker 1: to be leaving the Senate. So overall, I think the

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Speaker 1: and then Bar. I don't know what's gonna happen with Bar.

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Speaker 1: I thought maybe they would get a deal before the

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Speaker 1: but now they're down the road of of of what

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Speaker 1: they've brought against Bar and content and impeachment people are

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Speaker 1: talking about, and it's a matter of when it hits

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Speaker 1: the when it hits the House floor. Nancy Pelosi said, well,

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Speaker 1: well we'll decide that down the road. But I don't

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Speaker 1: think the temperatures are gonna necessarily be lowered now. Alright, fascinating, Shannon,

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Speaker 1: I know you gotta running back to reporting. Shannon Petty Peace,

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Speaker 1: thanks for stopping by my colleague here at Bloomberg. She

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Speaker 1: is the Bloomberg News White House reporter that Shannon Petty

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Speaker 1: Peace panel stays Dave Brown, Democratic strategist, and Bob Cuzac,

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Speaker 1: of course, editor in chief of the Hill. Meanwhile, my

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Speaker 1: Bloomberg Bloomberg Television Coordinating field producer David Sutraman just sent

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Speaker 1: me a text. Secretary Monution and the Chinese delegation. They

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Speaker 1: are they have walked in to the US trade reppert

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Speaker 1: Sendai building those US China trade talks under way. Meanwhile,

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Speaker 1: breaking news on the Bloomberg terminal. Uber Uber Uber raising

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Speaker 1: eight point one billion dollars in its initial I p

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Speaker 1: o forty five dollars a share. Uber's market valuation coming

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Speaker 1: in just below the private market value of seventy six billion.

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Speaker 1: It's market valuation came in at seventy five point five

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Speaker 1: billion dollars. You can download the Sound On podcast on

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Speaker 1: Apple iTunes, at Bloomberg dot com, or by downloading the

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Speaker 1: Bloomberg Business app. You can also check us out on

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Speaker 1: Radio dot com, I Heart Radio, and Spotify. I'm Kevin

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Speaker 1: CURRELLI Chief Washington correspondent for Bloomberg Television and Bloomberg Radio,

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Speaker 1: and you are listening to Bloomberg One. You're listening to

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Speaker 1: Sound On with Kevin Surreally on Bloomberg and one oh

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Speaker 1: five point seven F m h D two bowls of hold.

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Speaker 1: Happy Friday Eve. Breaking news on the Bloomberg Terminal. Uber

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Speaker 1: Uber Uber raising eight point one billion dollars and its

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Speaker 1: initial I p O and the ride hailing company sold

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Speaker 1: a hundred and eighty million shares for forty five dollars

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Speaker 1: each forty five bucks per share. Their market valuation came

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Speaker 1: in at seventy five point five billion dollars. That's just

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Speaker 1: below the last private market value of seventy six billion.

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Speaker 1: But again, Uber raising eight point one billion and its

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Speaker 1: initial I p O selling a hundred and eighty million

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Speaker 1: shares for forty five bucks per share. I'm Kevin Cirilli,

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Speaker 1: chief Washington correspondent for Bloomberg Television and Bloomberg Radio. Trade

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Speaker 1: talks underway at the US Trade Representative Building. Chinese Vice

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Speaker 1: Premier LeHo is meeting with Treasury Secretary Stephen Manusian US

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Speaker 1: Trade Representative Bob Leightheizer, the other Big Bob in Washington,

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Speaker 1: d C. Bob Kuzak is here in studio with us.

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Speaker 1: Bob is the editor in chief of The Hill. You

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Speaker 1: can read all of their reporting at the Hill dot com.

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Speaker 1: Dave Brown has also stuck around. He is the Democratic

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Speaker 1: strategist and former senior adviser to Senator Patty Murray. We

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Speaker 1: were talking about UH, the the investigations. Dave earlier in

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Speaker 1: the program m, you're talking specifically about what it means

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Speaker 1: for Democrats. I want to play for you what how

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Speaker 1: Speaker Nancy Pelosi, the Democrat from California. How Speaker Nancy

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Speaker 1: Pelosi what she said in terms of the big bombshell

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Speaker 1: that came out this week, which was the House Judiciary Committee,

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Speaker 1: controlled by the Dems, voted to hold Attorney General William

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Speaker 1: Barr in contempt. Take a listen to what Speaker Pelosi

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Speaker 1: had to say about whether or not that will get

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Speaker 1: a floor vote. Here she is the president is almost

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Speaker 1: self impaging because he is every day demonstrating more obstruction

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Speaker 1: of justice. So there she is, and she doesn't say

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Speaker 1: whether or not there's going to be a House vote

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Speaker 1: on the floor against Bar or time cable on that.

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Speaker 1: So what do you think is gonna have? And Dave, Yeah,

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Speaker 1: I mean I think there are there are a few

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Speaker 1: interesting legal and and institutional considerations in play, right. So institutionally,

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Speaker 1: you've got two co equal branches of government, one of

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Speaker 1: which the executive now saying we are going to stonewall

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Speaker 1: not just this subpoena, this request for documents, but essentially

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Speaker 1: every request from the House. Democratic controlled House that is

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Speaker 1: problematic from an institutional perspective, because uh, Congress has a right,

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Speaker 1: it has a legislative prerogative, it has a legitimate purpose

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Speaker 1: to ask for these documents, or so would say members

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Speaker 1: of the House, and so they're looking at both the

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Speaker 1: near term political calculus but also the broader institutional issues. Legally, Uh,

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Speaker 1: the fact that the administration, the President yesterday, I believe,

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Speaker 1: asserted protective executive privilege, which is different from an actual

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Speaker 1: executive privilege over the totality of the request for documents

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Speaker 1: from the House Judiciary Committee has actually given Attorney General

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Speaker 1: bar from wiggle room because it's the d j's position

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Speaker 1: that you can't hold someone in contempt if executive executive

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Speaker 1: privilege has been a certain So that actually I think

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Speaker 1: will delay the floor vote while the House stems sort

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Speaker 1: through their strategy and there go forward. Yeah, I mean, listen,

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Speaker 1: I think that Nancy Pelosi, I mean, she doesn't want

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Speaker 1: to go down the impeachment road. Her moderate members who

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Speaker 1: were the majority makers, they want to talk about an agenda.

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Speaker 1: They want to move healthcare, they want to move transportation.

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Speaker 1: I think it's gonna be very difficult. I think if

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Speaker 1: anything big moves in the House that has any chance

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Speaker 1: of actually becoming law would be it has to move

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Speaker 1: before the August recess. But everyone is talking about really election,

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Speaker 1: so the policy making really happens after that. But I

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Speaker 1: do think there is a problem for the for the Democrats,

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Speaker 1: and be interesting in what you think on you know,

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Speaker 1: investigation fatigue. Are we gonna still be talking about investigations

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Speaker 1: into and does that? Is that going to hurt the

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Speaker 1: moderates who are in tough district I think I think

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Speaker 1: that's exactly right. And if you look at pulling what

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Speaker 1: primary voters and frankly voters care about, and especially looking

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Speaker 1: back to eighteen suburban women, college educated women flipped for

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Speaker 1: Democrat ats. They gave us the House and many respects.

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Speaker 1: I mean, these are people who are not focused on

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Speaker 1: the Mueller saga as it plays out every day inside

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Speaker 1: the Beltway. So I think you're making a really important point.

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Speaker 1: The speaker is very focused on that in terms of

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Speaker 1: being able not only to tell to tell a story

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Speaker 1: and have messaging the supportive of a broader agenda, kitchen

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Speaker 1: table issues, healthcare, infrastructure, cost of education, cost of childcare,

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Speaker 1: you name it, all the issues that Democrats are likely

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Speaker 1: going to run on um, but she doesn't want to

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Speaker 1: give Trump an opening to say Democrats just care about

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Speaker 1: scoring political points. All Right's where the investigation impacts the policy.

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Speaker 1: Wall Street also keeping a close eye on it, but

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Speaker 1: not as much of an eye as they are on

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Speaker 1: the US China trade talks. Coming up Dave Brown's Days,

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00:23:39,440 --> 00:23:41,800
Speaker 1: Bob Sticks and rounds uh, and we'll talk more about

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Speaker 1: US China trade talks and what it means for the

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Speaker 1: presidential election. You can download the sound on podcast on

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Speaker 1: Apple iTunes, at Bloomberg dot com, or by downloading the

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00:23:52,200 --> 00:23:54,320
Speaker 1: Bloomberg Business app. You can also find me, as well

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00:23:54,320 --> 00:23:57,040
Speaker 1: as my colleagues on Radio dot com, I Heart Radio

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00:23:57,560 --> 00:24:01,400
Speaker 1: and Spotty Spotify. I am Kevin's Really, Chief Washington correspondent

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00:24:01,440 --> 00:24:04,520
Speaker 1: for Bloomberg Television and Bloomberg Radio. Thanks for listening to Bloomberg.

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00:24:08,840 --> 00:24:12,679
Speaker 1: This is sound on with Kevin's He Really on Bloomberg

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Speaker 1: one and one oh five point seven F M H

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Speaker 1: D two Boltimore. Did you see this on the Bloomberg terminal?

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00:24:19,880 --> 00:24:24,360
Speaker 1: Uber Uber has priced their shares at forty five dollars

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00:24:24,400 --> 00:24:29,680
Speaker 1: a share. Their initial I p O came in at

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Speaker 1: I will read it for you right now on the

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Speaker 1: Bloomberg Terminal. They came in at eight point one billion dollars.

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Speaker 1: In their initial I p O, they sold a hundred

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Speaker 1: and eighty million shares for forty five dollars each, and

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00:24:40,760 --> 00:24:44,480
Speaker 1: that gives the San Francisco based Uber a market valuation

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Speaker 1: of seventy five point five billion. That's just below, though

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Speaker 1: just below the last private market value of seventies six

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Speaker 1: billion dollars. So big news for Uber. Headlines crossing the

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00:24:56,240 --> 00:24:59,280
Speaker 1: Bloomberg terminal as we speak within the last hour eight

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Speaker 1: point one bill in and their initial I p OH

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00:25:01,520 --> 00:25:05,080
Speaker 1: they sold a hundred and eighty million shares forty bucks

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Speaker 1: a share. I'm Kevin Cirilli, Chief Washington correspondent from Bloomberg

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00:25:08,800 --> 00:25:12,760
Speaker 1: Television and Bloomberg Radio. We're keeping a careful watch on

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Speaker 1: the US Trade Representative Building where Bob Ladheiser, the U

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00:25:17,359 --> 00:25:21,280
Speaker 1: s Trade rep and Treasury Secretary Stephen Manusian are meeting

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00:25:21,480 --> 00:25:27,280
Speaker 1: with Chinese Vice Premier Lehua on the US China trade talks.

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00:25:27,400 --> 00:25:30,119
Speaker 1: With me for the hour. Bob Kuzak. Bob Kuzak, he

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00:25:30,240 --> 00:25:33,320
Speaker 1: is editor in chief of The Hill newspaper. You can

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00:25:33,400 --> 00:25:36,600
Speaker 1: check out all of their reporting at the Hill dot

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00:25:36,640 --> 00:25:39,439
Speaker 1: com and Dave Brown. He is one of the show's

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00:25:39,480 --> 00:25:42,439
Speaker 1: favorite Democratic strategists, but there are many Democratic strategists who

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Speaker 1: are friends of the show. Dave Andre Nel Rodilly on tomorrow.

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00:25:46,280 --> 00:25:49,800
Speaker 1: Kevin Walling has been on Kafaro, but she does not

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00:25:49,960 --> 00:25:52,960
Speaker 1: like to be called a Democratic strategist. But Dave Brown

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00:25:53,080 --> 00:25:56,240
Speaker 1: is a Democratic strategist, and he has also worked for

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Speaker 1: Senator Patty Murray. I want to I want to bring

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00:25:59,640 --> 00:26:02,760
Speaker 1: it back to trade because really, of all the President's

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00:26:02,760 --> 00:26:05,399
Speaker 1: tweets this week, the one that stuck out the most

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00:26:05,960 --> 00:26:08,120
Speaker 1: Bob was when he went after Biden, and he went

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Speaker 1: after Biden on trade, and he said, I can be

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Speaker 1: more tough on trade, uh, than than Joe Biden can

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00:26:14,600 --> 00:26:19,040
Speaker 1: be tough on trade against China. I think as the

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Speaker 1: former vice president pals around with some of these union bosses,

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00:26:24,520 --> 00:26:29,160
Speaker 1: I think that that has the attention of President Trump.

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00:26:29,160 --> 00:26:30,680
Speaker 1: We're gonna come back to that because we are joined

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Speaker 1: on the telephone line by a another presidential candidate, Congresswoman

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Speaker 1: Tulsey Gabbard. She is, of course the Democrat representing Hawaii. Congresswoman,

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Speaker 1: thank you very much for joining us on the line.

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Speaker 1: I want to get your response this week on what

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Speaker 1: has come out about the administration's policies regarding Iran. UH.

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00:26:53,280 --> 00:26:56,639
Speaker 1: They have said they have the issue tariffs and banned

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Speaker 1: the trading of various commodities coming out of Iran, and

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00:27:00,160 --> 00:27:03,560
Speaker 1: obviously the developments with in the recent weeks of not

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Speaker 1: having waivers for countries to do business with Iran. Do

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Speaker 1: your response, Congresswoman Helloa, It's good to talk to you,

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00:27:10,800 --> 00:27:13,280
Speaker 1: and I'm glad that you're you're bringing this issue up

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00:27:13,320 --> 00:27:17,439
Speaker 1: because unfortunately it hasn't really gotten much coverage even though

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Speaker 1: we are facing the dangerous prospect of a potential war

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00:27:23,080 --> 00:27:25,760
Speaker 1: with Iran, and then the American people need to know,

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Speaker 1: um that that is the eventual outcome if we continue

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Speaker 1: down the past that we're on. Really, what it comes

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00:27:33,080 --> 00:27:37,280
Speaker 1: down to is because President Trump withdrew from the Iran

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Speaker 1: nuclear agreement. Now is Iran's announcement one year after that

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00:27:42,040 --> 00:27:47,200
Speaker 1: withdrawal occurred. They're basically UH talking about beginning their nuclear

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Speaker 1: program again in earnest, creating a greater threat for the

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Speaker 1: American people and for the world, the greater nuclear threat.

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Speaker 1: And I can tell you as the soldier you know,

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00:27:57,280 --> 00:28:00,000
Speaker 1: I've served in the Army National Guards for sixteen years.

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00:28:00,440 --> 00:28:03,520
Speaker 1: I've deployed twice to the Middle East, served in Congress

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00:28:03,560 --> 00:28:05,720
Speaker 1: for over six years on the Foreign Affairs and Armed

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00:28:05,760 --> 00:28:09,919
Speaker 1: Services committees. And I'm very concerned that this president is

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Speaker 1: allowing John Bolton, who was one of the main architects

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00:28:13,720 --> 00:28:17,720
Speaker 1: and advocates for the Iraq War, to dictate our policies

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00:28:17,800 --> 00:28:21,679
Speaker 1: towards Iran and to lead US closer and closer to

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Speaker 1: war against Iran. We've got to recognize that a war

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Speaker 1: with Iran will be far more dangerous, far more costly,

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00:28:31,840 --> 00:28:35,640
Speaker 1: both in lives as well as an American taxpayer dollars.

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Speaker 1: It will strengthen Al Qaeda and ISIS, create a greater

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Speaker 1: refugee crisis in Europe, all of these consequences being far

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Speaker 1: greater than anything that we saw happen in Iraq. Democratic

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Speaker 1: Democratic presidential candidate Tulsey Gabbard, a congresswoman representing Hawaii, joining

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Speaker 1: us on the telephone line. We're talking about Iran policy.

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Speaker 1: This as uh the administration that Trump administration has not

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Speaker 1: renewed waivers for a host of different countries, including China,

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Speaker 1: to do business some business with Iran. Congresswoman, what I'm

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00:29:11,920 --> 00:29:15,360
Speaker 1: hearing from you is, I know you're gonna get mad,

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00:29:15,600 --> 00:29:18,640
Speaker 1: but it's it's it's similar, not the same. Similar from

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Speaker 1: the argument that candidate Donald Trump made. He said that

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Speaker 1: he would not run as an interventionist, that he did

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00:29:25,120 --> 00:29:28,480
Speaker 1: not want to have the US fighting wars in which

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Speaker 1: it it couldn't afford. From you, as as as serving

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00:29:32,680 --> 00:29:36,000
Speaker 1: as a veteran, how would you handle the threat of

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Speaker 1: a nuclear Iran should you be in the White House? Well,

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Speaker 1: you're you know, you're right. Donald Trump ran on ending

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Speaker 1: stupid wars, ending regime change wars. Unfortunately, as president, he

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00:29:50,320 --> 00:29:54,200
Speaker 1: has betrayed his supporters and gone back on those promises,

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Speaker 1: gone back on those commitments where he created a cabinet

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Speaker 1: of neo KHN warhawk throound ding him, who are doing

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Speaker 1: exactly the opposite of what he promised to do during

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Speaker 1: his campaign. To the point, we'll we find ourselves continuing

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00:30:08,600 --> 00:30:12,840
Speaker 1: a regime change effort in Syria, we still have troops

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00:30:12,880 --> 00:30:17,160
Speaker 1: deployed to Afghanistan, and now we're on the brink of

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00:30:17,160 --> 00:30:21,160
Speaker 1: of a regime change war in both Venezuela and Iran.

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Speaker 1: So if I were president, first of all, I would

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Speaker 1: not have pulled out of the Iran nuclear agreement. And

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00:30:26,360 --> 00:30:29,880
Speaker 1: if I'm elected, I will i will make sure that

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00:30:29,920 --> 00:30:35,000
Speaker 1: we reinstate that agreement and deal with any other issues

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Speaker 1: and problems with Iran's other activities outside of the nuclear agreement. Separately,

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00:30:40,920 --> 00:30:44,840
Speaker 1: by pulling out of the Iran Nuclear Agreement, which really

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Speaker 1: kept Iran from developing their nuclear weapons program, Trump's actions

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00:30:50,520 --> 00:30:53,560
Speaker 1: have actually freeed Iran to move forward with that program,

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Speaker 1: which undermines our own national security and and it's also

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Speaker 1: undermined an another important objective of ours, which is to

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00:31:03,560 --> 00:31:08,719
Speaker 1: ultimately denuclearize the Korean peninsula. You know, Trump's tearing up

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00:31:08,720 --> 00:31:11,440
Speaker 1: betty Ron nuclear agreement has made it far less likely

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00:31:11,480 --> 00:31:15,560
Speaker 1: than North Korea would be willing to sign an agreement

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00:31:15,680 --> 00:31:18,719
Speaker 1: to give up their nuclear weapons. It's setting a very

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00:31:18,800 --> 00:31:22,320
Speaker 1: dangerous president. Congresswoman Tulci Gabber joining us on the line.

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Speaker 1: She is a Democratic presidential candidate. I wish we had

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00:31:25,360 --> 00:31:27,720
Speaker 1: more time. You'll have to call in another time. But

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00:31:27,800 --> 00:31:30,040
Speaker 1: one final question for you, Congresswoman, and that is when

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00:31:30,040 --> 00:31:33,880
Speaker 1: I hear you talking about foreign policy and and you're

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00:31:33,880 --> 00:31:37,840
Speaker 1: in such a crowded Democratic presidential primary, do you think

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00:31:38,000 --> 00:31:40,040
Speaker 1: and would you be willing to name who you think

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00:31:40,400 --> 00:31:44,080
Speaker 1: some of those Democratic presidential candidates who are running for

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Speaker 1: president that you're running against who you would say maybe

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00:31:47,960 --> 00:31:54,000
Speaker 1: are a bit more neo Khan than than you would like. No.

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Speaker 1: I I'm focused on bringing my message and what I

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Speaker 1: stand for to the American people and to voters, and

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00:31:59,800 --> 00:32:02,680
Speaker 1: to let them know that I'm running for president to

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Speaker 1: bring a soldier's values to the White House, the values

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00:32:06,200 --> 00:32:10,920
Speaker 1: of respect, dignity, honor, and service. Putting the interests of

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Speaker 1: the American people above all else at the forefront, not

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Speaker 1: the interests of powerful, self serving politicians, of the rich

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00:32:18,880 --> 00:32:23,040
Speaker 1: and powerful or greedy corporations, and making this commitment to

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Speaker 1: the American people that have commander in chief. I will

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Speaker 1: end our longstanding foreign policy of carrying out these wasteful

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Speaker 1: regime change wars. I will work to end the new

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Speaker 1: Cold War and nuclear arms rates, and to take the

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Speaker 1: trillions of dollars that have been wasted on these on

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Speaker 1: these programs and invested in serving the needs of the

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Speaker 1: American people, things like infrastructure, healthcare, education that we need

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00:32:47,600 --> 00:32:49,280
Speaker 1: to do. And there's so much we got to talk

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00:32:49,320 --> 00:32:53,200
Speaker 1: about what we're up against. Heartbreak Congress. Democratic presidential candidate

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Speaker 1: Tulsea Gather, a Democrat from Hawaii, appreciate the time. Thank you,

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00:32:57,080 --> 00:32:59,600
Speaker 1: very much for calling in some bloom Birds sound on.

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Speaker 1: Also thanks to Bob Kuzak and Dave Brown. That's it

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Speaker 1: for me. I'm Kevin Sorelli. You're listening to Bloomberg nine

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Speaker 1: nine one