1
00:00:00,480 --> 00:00:03,200
Speaker 1: Five from our nation's came this budget thing is going

2
00:00:03,240 --> 00:00:05,680
Speaker 1: to do nothing space forts. I still think it's interesting

3
00:00:05,720 --> 00:00:09,040
Speaker 1: President Trump not playing his cards yet. Headlines Policy and

4
00:00:09,200 --> 00:00:15,480
Speaker 1: Politics colliding sound with Kevin's related the insiders, the influencers, insiders.

5
00:00:15,600 --> 00:00:17,840
Speaker 1: I would rather see a congressional solution. It's part of

6
00:00:17,880 --> 00:00:21,040
Speaker 1: my DNA. The Senate map in looks a lot different

7
00:00:21,040 --> 00:00:23,840
Speaker 1: than it looked in. You really have a divide within

8
00:00:24,040 --> 00:00:26,599
Speaker 1: Team Trump. The president has to do exactly what people

9
00:00:26,600 --> 00:00:29,200
Speaker 1: send him here to do, which is to get it done.

10
00:00:28,680 --> 00:00:33,520
Speaker 1: He's sound on with Kevin's. He related on Bloomberg one

11
00:00:33,640 --> 00:00:36,440
Speaker 1: and one Oh fie F m h D two Boltimore

12
00:00:36,800 --> 00:00:41,360
Speaker 1: Friday Eve, but buckle up because it was a doozy

13
00:00:41,400 --> 00:00:44,720
Speaker 1: of a day. Canadian Prime Minister Justin Trudeau was at

14
00:00:44,720 --> 00:00:46,839
Speaker 1: the White House. Will give you the latest as he

15
00:00:46,880 --> 00:00:50,919
Speaker 1: met with President Trump. He also met with House Democrats.

16
00:00:51,000 --> 00:00:53,000
Speaker 1: They're trying to get that U S m C a

17
00:00:53,080 --> 00:00:57,200
Speaker 1: deal over the finish line. This as the Mexicans advanced

18
00:00:57,200 --> 00:01:00,960
Speaker 1: it through their government, will the US do the same.

19
00:01:01,200 --> 00:01:03,840
Speaker 1: We'll break all of those developments down. Plus the Ron

20
00:01:03,920 --> 00:01:08,600
Speaker 1: tensions prop lawmakers to revisit President Trump's war powers and

21
00:01:08,640 --> 00:01:11,480
Speaker 1: then there's a host of different water cooler talk making

22
00:01:11,480 --> 00:01:15,800
Speaker 1: the way along social media platform, everything from former Vice

23
00:01:15,840 --> 00:01:18,720
Speaker 1: President Joe Biden's son Hunter, Did you follow all of that?

24
00:01:19,080 --> 00:01:21,440
Speaker 1: With what was going on with his Ukraine deal? There

25
00:01:21,640 --> 00:01:24,920
Speaker 1: was a UFO intelligence briefing, can't make it up? Senator

26
00:01:24,959 --> 00:01:29,200
Speaker 1: Mark Warner, Democrat from Virginia weighing in, top democrat on

27
00:01:29,240 --> 00:01:33,360
Speaker 1: intel weighing in on that uh, and then Roy Moore's back.

28
00:01:33,800 --> 00:01:35,360
Speaker 1: So we've got a lot to get through. But before

29
00:01:35,360 --> 00:01:37,479
Speaker 1: we get into it, let's get a check of those

30
00:01:37,480 --> 00:01:39,640
Speaker 1: headlines and then we'll get to an all star panel.

31
00:01:39,959 --> 00:01:43,640
Speaker 1: Louis Miranda, former d n C comspectors here, and Luis

32
00:01:43,720 --> 00:01:48,440
Speaker 1: ski Avoni, journalist and senior lecturer at Johns Hopkins University's

33
00:01:48,800 --> 00:01:51,480
Speaker 1: Kerry School of Business. Let's get right to it. I

34
00:01:51,520 --> 00:01:54,440
Speaker 1: was at the White House earlier and Canadian Prime Minister

35
00:01:54,520 --> 00:01:58,600
Speaker 1: Justin Trudeaux was there, and they're negotiating with President Trump

36
00:01:58,680 --> 00:02:03,920
Speaker 1: over US and c a deal. But mind you, Canadian

37
00:02:03,960 --> 00:02:07,640
Speaker 1: Prime Minister Justin Trudeau, who candidly has pole approval ratings

38
00:02:07,680 --> 00:02:11,200
Speaker 1: in Canada are slumping, but he's popular amongst progressives on

39
00:02:11,240 --> 00:02:14,400
Speaker 1: count Hill. He also was meeting with Democrats up on

40
00:02:14,560 --> 00:02:20,440
Speaker 1: the hill two try to get try to get votes

41
00:02:20,520 --> 00:02:22,400
Speaker 1: to advance the U. S m c A. We've got

42
00:02:22,440 --> 00:02:26,640
Speaker 1: an all star panel here with us Louise skiavone, journalist

43
00:02:26,680 --> 00:02:30,560
Speaker 1: and senior lecturer at Johns Hopkins University Carey Business School,

44
00:02:30,840 --> 00:02:34,440
Speaker 1: and Louis Miranda, former d n C communications director. All Right,

45
00:02:34,720 --> 00:02:36,519
Speaker 1: both of you, thank you for being here. I said

46
00:02:36,520 --> 00:02:41,239
Speaker 1: your names correctly. It's like one letter apart, so if

47
00:02:41,280 --> 00:02:42,680
Speaker 1: I mess them up, you know I know both of

48
00:02:42,680 --> 00:02:44,880
Speaker 1: you and I appreciate you being here. Louis, I want

49
00:02:44,880 --> 00:02:47,160
Speaker 1: to start with you because our Democrats gonna get on

50
00:02:47,200 --> 00:02:49,400
Speaker 1: board with the U. S m c A. I think

51
00:02:49,400 --> 00:02:53,239
Speaker 1: eventually they will. But the rub with with any trade

52
00:02:53,240 --> 00:02:55,560
Speaker 1: agreement is always make we have the right of labor

53
00:02:55,639 --> 00:02:59,320
Speaker 1: protections UM and that we make sure that there's the

54
00:02:59,400 --> 00:03:01,160
Speaker 1: right enforcement because at the end of the day, the

55
00:03:01,280 --> 00:03:04,359
Speaker 1: concern and the complaint that all of those voters in

56
00:03:04,400 --> 00:03:08,000
Speaker 1: states like Michigan and Wisconsin and Pennsylvania who uh switched

57
00:03:08,000 --> 00:03:10,840
Speaker 1: from Obama to Trump in the last election came down

58
00:03:10,919 --> 00:03:13,919
Speaker 1: to jobs and protecting their jobs. And if we don't

59
00:03:13,919 --> 00:03:16,519
Speaker 1: make sure that a trade agreement like this has the

60
00:03:16,600 --> 00:03:19,120
Speaker 1: right enforcement protections, that it has the right labor protections,

61
00:03:19,440 --> 00:03:21,640
Speaker 1: then we're gonna end up with the same kind of

62
00:03:21,639 --> 00:03:25,359
Speaker 1: situation that's simply uh, not doing justice to American workers. No,

63
00:03:25,480 --> 00:03:27,040
Speaker 1: I was struck by go ahead, and I mean to

64
00:03:27,040 --> 00:03:28,800
Speaker 1: cut off. No. But I think in the end that

65
00:03:28,800 --> 00:03:32,160
Speaker 1: that they'll get on board because we do need a

66
00:03:32,240 --> 00:03:35,120
Speaker 1: proper and good trade agreement in because the Canadians and

67
00:03:35,120 --> 00:03:37,400
Speaker 1: the Mexicans have now come on board, and and it's

68
00:03:37,400 --> 00:03:41,000
Speaker 1: past in Mexico, their governments are more liberal right now

69
00:03:41,040 --> 00:03:43,200
Speaker 1: than than the US government is. I mean, it's a

70
00:03:43,200 --> 00:03:45,360
Speaker 1: giant waste of time, right if they if they don't,

71
00:03:45,440 --> 00:03:48,360
Speaker 1: if they if the US doesn't pass this thing, jan

72
00:03:48,520 --> 00:03:51,840
Speaker 1: waste time. It's back to square one, I guess in

73
00:03:51,880 --> 00:03:55,280
Speaker 1: the new Congress, if if Trump gets reelected, it's start

74
00:03:55,280 --> 00:03:57,560
Speaker 1: all over. But if it's a Democrat, back to square one.

75
00:03:57,600 --> 00:04:00,080
Speaker 1: I mean, and it's not significantly different from NAFTA. So

76
00:04:00,120 --> 00:04:02,000
Speaker 1: it was really an attempt by the Trump administration to

77
00:04:02,040 --> 00:04:04,480
Speaker 1: get a victory here, But ultimately it makes sense to

78
00:04:04,480 --> 00:04:06,320
Speaker 1: have a good trade agreement in place with two of

79
00:04:06,320 --> 00:04:09,280
Speaker 1: our largest trading partners. Luis Skiavoni, I'm a good friend journalist,

80
00:04:09,320 --> 00:04:12,320
Speaker 1: senior lecturer, at Hopkins Carry Business School. I'm gonna play

81
00:04:12,320 --> 00:04:15,000
Speaker 1: for you what President Trump had to say earlier today

82
00:04:15,040 --> 00:04:19,360
Speaker 1: at the White House with Canadian Prime Minister Justin Trudeau.

83
00:04:19,600 --> 00:04:22,839
Speaker 1: Here's President Trump. This will be the largest trade deal

84
00:04:22,920 --> 00:04:25,240
Speaker 1: ever made, and it won't even be close. If you

85
00:04:25,520 --> 00:04:27,480
Speaker 1: take a look at the numbers. Second is so far

86
00:04:27,520 --> 00:04:30,200
Speaker 1: away you don't even call it second. So it's very

87
00:04:30,200 --> 00:04:33,920
Speaker 1: exciting and very exciting from Mexico, very exciting for Canada.

88
00:04:33,920 --> 00:04:37,440
Speaker 1: And I have to also thank the President of Mexico

89
00:04:37,600 --> 00:04:40,120
Speaker 1: because he's really been doing a job on the border.

90
00:04:40,880 --> 00:04:45,280
Speaker 1: That's President Trump. And here is Canadian Prime Minister Justin Trudeau.

91
00:04:45,440 --> 00:04:48,520
Speaker 1: Take a listen to Trudeau. We've worked hard to great

92
00:04:48,600 --> 00:04:51,880
Speaker 1: build a great trade deal that's good for Canadian workers,

93
00:04:51,920 --> 00:04:55,599
Speaker 1: good for American workers, good for Mexican workers as well.

94
00:04:56,279 --> 00:04:59,480
Speaker 1: So they like it. And and to be candid in

95
00:04:59,600 --> 00:05:02,359
Speaker 1: terms of the palladiology, Lewis, you know this, Luis, you

96
00:05:02,400 --> 00:05:05,960
Speaker 1: know this. They are world's apart. So for them to

97
00:05:05,960 --> 00:05:08,520
Speaker 1: be on the same page as this, it looks like

98
00:05:08,640 --> 00:05:10,560
Speaker 1: it would seem like this is a no brainer in

99
00:05:10,640 --> 00:05:14,560
Speaker 1: terms of politics. Yeah, well, they're raw financial realities, right,

100
00:05:14,680 --> 00:05:18,760
Speaker 1: They need this trade deal. The nations on this continent

101
00:05:18,880 --> 00:05:23,200
Speaker 1: need to have a trade deal, working trade agreement. And uh,

102
00:05:23,480 --> 00:05:27,520
Speaker 1: what people aren't saying is that the the tariff threats

103
00:05:27,560 --> 00:05:31,040
Speaker 1: that President Trump has been issuing since he's are there

104
00:05:31,080 --> 00:05:34,840
Speaker 1: any selected that I really have have have had an

105
00:05:34,880 --> 00:05:38,360
Speaker 1: impact on the way other nations react to him. And

106
00:05:38,440 --> 00:05:40,880
Speaker 1: he's in a unique sation of sort of being. You know,

107
00:05:40,920 --> 00:05:43,360
Speaker 1: if you look at for instance, Barack Obama is being

108
00:05:43,400 --> 00:05:46,440
Speaker 1: the good cop and Trump is being the bad cop.

109
00:05:46,720 --> 00:05:49,159
Speaker 1: He's in a unique position of sort of reveling in

110
00:05:49,200 --> 00:05:52,400
Speaker 1: his bad cops sort of role in his relationship with

111
00:05:52,960 --> 00:05:57,799
Speaker 1: um for instance, a young, groovy guy like Trudeau. And uh,

112
00:05:57,920 --> 00:06:02,000
Speaker 1: you know that this has all had a significant effect.

113
00:06:02,480 --> 00:06:05,480
Speaker 1: Trump decided last monthle of tariffs on Canadian and Mexican

114
00:06:05,520 --> 00:06:08,840
Speaker 1: steel and aluminum, and that made things much much better.

115
00:06:09,320 --> 00:06:11,720
Speaker 1: And you know, a year ago when everybody was meeting

116
00:06:11,720 --> 00:06:14,440
Speaker 1: in Quebec, it was really quite a different picture, right,

117
00:06:15,279 --> 00:06:20,000
Speaker 1: those great iconic pictures of the leaders that were meeting

118
00:06:20,120 --> 00:06:24,000
Speaker 1: in leaning around a table glaring at President Trump is

119
00:06:24,040 --> 00:06:29,599
Speaker 1: it's it's all very different. And Trump does does levy

120
00:06:29,760 --> 00:06:34,120
Speaker 1: is a certain amount of financial half within our nations.

121
00:06:34,279 --> 00:06:37,200
Speaker 1: I was struck, I mean just that Mexico West Country

122
00:06:37,640 --> 00:06:41,520
Speaker 1: that formally passed this ahead of Canada and ahead of

123
00:06:42,080 --> 00:06:45,720
Speaker 1: uh the United States, especially when you just look at

124
00:06:45,720 --> 00:06:49,279
Speaker 1: the backdrop lewis in terms of the policy rhetoric that

125
00:06:49,360 --> 00:06:53,400
Speaker 1: was coming out of Pennsylvania Avenue against Mexico, and then

126
00:06:54,240 --> 00:06:58,480
Speaker 1: I guess somehow somewhere they were able to patch it up.

127
00:06:58,760 --> 00:07:00,920
Speaker 1: But in terms of the divide within the Democratic cacus

128
00:07:00,960 --> 00:07:02,760
Speaker 1: because it's gonna come down Democrats, you know this, and

129
00:07:02,760 --> 00:07:05,800
Speaker 1: and and you talk to everyone on the left. Do

130
00:07:05,920 --> 00:07:09,279
Speaker 1: the unions want this deal? I think, at the end

131
00:07:09,320 --> 00:07:12,080
Speaker 1: of the day, the problem is that so many UM

132
00:07:12,240 --> 00:07:16,360
Speaker 1: made in Mexico products have made in America components. Economies

133
00:07:16,400 --> 00:07:20,160
Speaker 1: are too intrinsically tied to not have it. But I

134
00:07:20,200 --> 00:07:22,160
Speaker 1: think that I want to say that again, the economies

135
00:07:22,200 --> 00:07:26,280
Speaker 1: are too intrinsically tied to not have it, meaning that

136
00:07:26,520 --> 00:07:30,880
Speaker 1: to not have it would essentially create market chaos and uncertainty.

137
00:07:31,040 --> 00:07:33,360
Speaker 1: It would create market chaos and uncertainty on a lot

138
00:07:33,400 --> 00:07:37,840
Speaker 1: of products that labor union members depend on for their jobs.

139
00:07:38,040 --> 00:07:42,880
Speaker 1: UM a lot of auto supplies, a lot of widgets,

140
00:07:43,120 --> 00:07:45,880
Speaker 1: widgets and things like that that are produced in Mexico

141
00:07:45,880 --> 00:07:48,720
Speaker 1: are produced with American components and pieces, and so there's

142
00:07:48,720 --> 00:07:51,280
Speaker 1: a lot of integration there that that is just simply

143
00:07:51,280 --> 00:07:53,120
Speaker 1: a reality. But at the end of the day, they

144
00:07:53,160 --> 00:07:55,760
Speaker 1: do want strong labor protections because you do have situation.

145
00:07:55,880 --> 00:07:58,840
Speaker 1: Uh you know, certain companies and the apscles of the

146
00:07:59,320 --> 00:08:02,280
Speaker 1: of the world will pay so much less to workers

147
00:08:02,280 --> 00:08:04,320
Speaker 1: there are not being honest about and sort of when

148
00:08:04,320 --> 00:08:07,200
Speaker 1: they move production on the other side of the border.

149
00:08:07,840 --> 00:08:10,560
Speaker 1: Uh So, Uh, there's a lot of of of of

150
00:08:10,600 --> 00:08:13,040
Speaker 1: issues there that need to be reason There's also the

151
00:08:13,120 --> 00:08:17,800
Speaker 1: issue of US China Canada China relations. Right with China

152
00:08:18,160 --> 00:08:23,080
Speaker 1: arresting the Huawei Whahwei official and now Canada is probably

153
00:08:23,120 --> 00:08:25,960
Speaker 1: feeling a lot of heat from China and Canada and

154
00:08:26,000 --> 00:08:29,120
Speaker 1: the US. If they meet this uh, this pressure from

155
00:08:29,200 --> 00:08:32,840
Speaker 1: China together as opposed to having to fight it independently,

156
00:08:32,960 --> 00:08:36,560
Speaker 1: that's going to give Canada, you know, more strength than

157
00:08:36,600 --> 00:08:39,400
Speaker 1: it would have um facing Canada alone. It's coming up.

158
00:08:39,400 --> 00:08:41,440
Speaker 1: We're gonna talk more about US China trade, but we're

159
00:08:41,440 --> 00:08:44,760
Speaker 1: gonna dive into that excellent point in terms about Whahwei's

160
00:08:44,760 --> 00:08:46,280
Speaker 1: sort of the backdrop of U S m c A.

161
00:08:46,360 --> 00:08:50,280
Speaker 1: Now in addition to what's going on with the China developments.

162
00:08:50,320 --> 00:08:53,160
Speaker 1: Justin Trudeau, you know who is like thrilled the Justin

163
00:08:53,200 --> 00:08:57,280
Speaker 1: Trudeau is here US Trade Representative Bob Lightheiser because Bob

164
00:08:57,400 --> 00:09:00,800
Speaker 1: Lightheiser was tasked with dealing with the House Democrats and

165
00:09:00,880 --> 00:09:03,720
Speaker 1: Lewis I gotta be candid, you know this. The Democrats

166
00:09:03,760 --> 00:09:05,679
Speaker 1: don't necessarily want to be dealing with the U s

167
00:09:05,720 --> 00:09:08,360
Speaker 1: Trade Representative Bob Lightheiser. I think they'd like to have

168
00:09:08,400 --> 00:09:11,560
Speaker 1: one of their own. And quite frankly, there's uh I

169
00:09:11,600 --> 00:09:14,480
Speaker 1: think Canadian Prime Minister Justin Trudel a little bit more

170
00:09:14,480 --> 00:09:16,920
Speaker 1: in common with the House Democrats and the Trump and

171
00:09:17,200 --> 00:09:20,920
Speaker 1: Lykheiser was very complementary of Nancy Pelosi and her very

172
00:09:21,040 --> 00:09:24,480
Speaker 1: complimentary about dealing with the USMC. I think that was

173
00:09:24,520 --> 00:09:27,400
Speaker 1: like the nicest thing we've heard come from the administration,

174
00:09:27,720 --> 00:09:29,960
Speaker 1: or you're referring to earlier this week when US Trade

175
00:09:29,960 --> 00:09:34,440
Speaker 1: Representative Bob Lendheiser testified before the Senate Finance Committee Chuck Grassley,

176
00:09:34,520 --> 00:09:37,080
Speaker 1: chairman of that committee, he was more aggressive against President

177
00:09:37,080 --> 00:09:40,240
Speaker 1: Trump for the terroiffs and using Section to thirty two

178
00:09:40,600 --> 00:09:43,520
Speaker 1: then Bob Leightheiser was against Speaker Pelosi. So this is

179
00:09:43,559 --> 00:09:46,640
Speaker 1: like one of those issues that for US nerds, there's

180
00:09:46,720 --> 00:09:51,240
Speaker 1: so many different shifting political alliances. The trade is a huge, huge,

181
00:09:51,320 --> 00:09:53,880
Speaker 1: huge issue not just for not just for US, but

182
00:09:54,000 --> 00:09:56,760
Speaker 1: for every single country around the world. We're looking at

183
00:09:56,760 --> 00:10:00,360
Speaker 1: the potential for economies around the world. Soft thing this

184
00:10:00,400 --> 00:10:03,720
Speaker 1: is that if everybody acts proactively, at least the people

185
00:10:03,760 --> 00:10:06,400
Speaker 1: who are traditionally friends, we might be able to get

186
00:10:06,440 --> 00:10:08,559
Speaker 1: a headline. You know why I like this issue too,

187
00:10:08,600 --> 00:10:10,280
Speaker 1: is because Louis, you hit the nail on the head.

188
00:10:10,800 --> 00:10:12,680
Speaker 1: You go to over parts of where I grew up

189
00:10:12,679 --> 00:10:16,559
Speaker 1: outside of Philadelphia. You gotta western Pennsylvania, you gotta Michigan

190
00:10:16,920 --> 00:10:20,720
Speaker 1: or Wisconsin and Ohio. Candidly these states side of the election, folks,

191
00:10:20,720 --> 00:10:25,160
Speaker 1: they always do and you know this matters, and that

192
00:10:25,200 --> 00:10:27,480
Speaker 1: they don't care if you're a Republican or a Democrat

193
00:10:27,559 --> 00:10:29,880
Speaker 1: on this issue. And you guys know this. That's why

194
00:10:30,160 --> 00:10:34,600
Speaker 1: Bob Bladeiser's praising Pelosi, Trudeau's praising you know Trump. I mean,

195
00:10:34,760 --> 00:10:37,480
Speaker 1: it's the Mexicans are going with Trump. Let's be honest

196
00:10:37,480 --> 00:10:41,040
Speaker 1: that the little ideological spectrum goes in a circle. And

197
00:10:41,200 --> 00:10:43,360
Speaker 1: uh A, Bernie Sanders in the White House would not

198
00:10:43,440 --> 00:10:45,880
Speaker 1: need that far from where Donald Trump has been on

199
00:10:45,920 --> 00:10:48,920
Speaker 1: a lot of these issues, whether it's UH taking a

200
00:10:49,000 --> 00:10:51,760
Speaker 1: strong line against China on some of the ways that

201
00:10:51,800 --> 00:10:54,040
Speaker 1: they've taken advantage of our markets here, whether it's with

202
00:10:54,080 --> 00:10:57,680
Speaker 1: solar panels or other products UM and and certainly on

203
00:10:57,679 --> 00:11:00,600
Speaker 1: on UH just trade generally. So it's it's an interesting

204
00:11:00,600 --> 00:11:03,199
Speaker 1: to see how the similarities are. Let me tell you something, Luise,

205
00:11:03,280 --> 00:11:05,199
Speaker 1: We're just thrilled to have Louis here because you know,

206
00:11:05,280 --> 00:11:07,880
Speaker 1: he works with the union, so he knows precisely how

207
00:11:07,920 --> 00:11:13,640
Speaker 1: these union coalitions are really coming together and and get

208
00:11:13,720 --> 00:11:16,720
Speaker 1: these the political, yes, the politics of it, but also

209
00:11:16,760 --> 00:11:19,040
Speaker 1: the policy coming up. We're gonna shift gears, We're gonna

210
00:11:19,080 --> 00:11:21,920
Speaker 1: go around the world. We're gonna talk about China trade relations.

211
00:11:22,080 --> 00:11:25,319
Speaker 1: We're also going to talk his elepments on Iran, plus

212
00:11:25,320 --> 00:11:28,720
Speaker 1: a host of different other water cooler talk that is well,

213
00:11:29,160 --> 00:11:32,480
Speaker 1: it involves UFOs and I'll leave it there. Panel stays.

214
00:11:32,480 --> 00:11:35,640
Speaker 1: You can download the sound on podcast on Apple iTunes,

215
00:11:35,679 --> 00:11:38,920
Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app.

216
00:11:38,960 --> 00:11:41,800
Speaker 1: You can also find us on the Bloomberg Terminal, radio

217
00:11:41,880 --> 00:11:45,800
Speaker 1: dot com, I Heart Radio, and Spotify. Luise Miranda's here.

218
00:11:45,840 --> 00:11:49,960
Speaker 1: Former d n C Communications director Louise Skiavone, journalist and

219
00:11:50,040 --> 00:11:54,839
Speaker 1: senior lecturer at Johns Hopkins University, Kerry Business School. I'm

220
00:11:54,880 --> 00:12:02,080
Speaker 1: Kevin CURRELLI you're listening to Bloomberg. This is Sound On

221
00:12:02,280 --> 00:12:06,480
Speaker 1: with Kevins Relate on Bloomberg one and one oh five

222
00:12:06,520 --> 00:12:10,720
Speaker 1: point seven m h D two, Baltimore. I'm Kevin Surreally,

223
00:12:10,880 --> 00:12:15,600
Speaker 1: chief Washington correspondent for Bloomberg Television and Bloomberg Radio. We're

224
00:12:15,679 --> 00:12:20,959
Speaker 1: navigating to a host of different political policy trade fronts

225
00:12:21,000 --> 00:12:26,400
Speaker 1: today as you have Canadian Prime Minister Justin Trudeau in Washington,

226
00:12:26,480 --> 00:12:29,600
Speaker 1: d C. Dealing with President Trump trying to get U

227
00:12:29,679 --> 00:12:31,160
Speaker 1: S m C A or an apt to two point

228
00:12:31,160 --> 00:12:32,800
Speaker 1: o over the finish line. He was also up on

229
00:12:32,880 --> 00:12:37,200
Speaker 1: Capitol Hill meeting with Speaker of the House Nancy Pelosi. Uh,

230
00:12:37,240 --> 00:12:39,280
Speaker 1: and they're trying to get a deal. They are trying

231
00:12:39,280 --> 00:12:41,760
Speaker 1: to get a deal. He also met with Senate Majority

232
00:12:41,840 --> 00:12:44,120
Speaker 1: Leader Mitch McConnell. But to be blunt here, folks, it

233
00:12:44,160 --> 00:12:48,360
Speaker 1: really is up to Speaker Pelosi. Then the backdrop here

234
00:12:48,720 --> 00:12:50,959
Speaker 1: and how it impacts China. And that's where I want

235
00:12:50,960 --> 00:12:54,199
Speaker 1: to move this conversation toward with our guests is whahwe

236
00:12:54,559 --> 00:12:59,640
Speaker 1: because Huawei, UH, and the Canadians are well, they're in

237
00:12:59,679 --> 00:13:01,440
Speaker 1: there a little bit of a tiff with me for

238
00:13:01,559 --> 00:13:04,480
Speaker 1: the hour. We've got Louis Miranda. He is former d

239
00:13:04,640 --> 00:13:07,640
Speaker 1: n C Communications Right now he's got his own consulting

240
00:13:07,720 --> 00:13:13,040
Speaker 1: company here in Washington. See Louis Skiavone, journalist and senior

241
00:13:13,160 --> 00:13:19,320
Speaker 1: lecturer at Johns Hopkins University's Kerry Business School. Luis, you

242
00:13:19,360 --> 00:13:22,040
Speaker 1: mentioned this, but let's get everybody caught up to speed

243
00:13:22,160 --> 00:13:27,240
Speaker 1: about why Huawei is now impacting Canada. What's the latest. Well,

244
00:13:27,360 --> 00:13:33,199
Speaker 1: Canada arrested a Whahwei executive and China was none too

245
00:13:33,200 --> 00:13:36,320
Speaker 1: pleased about that, and China is now applying a tremendous

246
00:13:36,320 --> 00:13:40,240
Speaker 1: amount of trade pressure on Canada. In the meantime, Donald

247
00:13:40,280 --> 00:13:43,160
Speaker 1: Trump and China's president Jiji and Ping are going to

248
00:13:43,160 --> 00:13:45,880
Speaker 1: meet next week in Japan at the G twenty summit,

249
00:13:46,200 --> 00:13:49,640
Speaker 1: and that's going to be another discussion about trade and UH.

250
00:13:49,920 --> 00:13:52,679
Speaker 1: When you left the room, Kevin Lewis and I actually

251
00:13:52,679 --> 00:13:55,440
Speaker 1: continued to have a conversation. I hope that wasn't against

252
00:13:55,440 --> 00:13:58,640
Speaker 1: the world, but we're talking about that. The how heated

253
00:13:58,679 --> 00:14:02,280
Speaker 1: the economy is with the down setting records and the

254
00:14:02,320 --> 00:14:05,240
Speaker 1: federal federal reserves, saying that, look, you know, we're going

255
00:14:05,280 --> 00:14:07,960
Speaker 1: to make sure that we don't slip into a recession.

256
00:14:08,000 --> 00:14:10,720
Speaker 1: We're going to be lenient on interest rates, and so

257
00:14:10,920 --> 00:14:13,400
Speaker 1: you know, we have the situation where around the world

258
00:14:13,440 --> 00:14:16,079
Speaker 1: people are very concerned. But this issue, with this issue

259
00:14:16,080 --> 00:14:18,680
Speaker 1: with will trade is front and center geo politically, and

260
00:14:18,679 --> 00:14:22,440
Speaker 1: this issue with China now and how it's impacting Canada

261
00:14:22,520 --> 00:14:24,520
Speaker 1: and put the potential for the U S m c

262
00:14:24,640 --> 00:14:28,280
Speaker 1: A agreement is really at the forefront. And President Trump

263
00:14:28,320 --> 00:14:30,560
Speaker 1: actually addressed it today when he was inside of the

264
00:14:30,640 --> 00:14:33,920
Speaker 1: of a office with Canadian Prime Minister Justin Trudeau, and

265
00:14:33,920 --> 00:14:36,880
Speaker 1: he said, quote, anything I can do to help Canada,

266
00:14:37,000 --> 00:14:39,360
Speaker 1: I will be doing. And he said that he would

267
00:14:39,360 --> 00:14:44,160
Speaker 1: personally bring up Canada's concerns with President she of China,

268
00:14:44,200 --> 00:14:51,560
Speaker 1: President of China at THEE. Remember, remember China arrested Canadians

269
00:14:52,040 --> 00:14:57,040
Speaker 1: after the Canadians got you know, held some of these

270
00:14:57,200 --> 00:15:04,560
Speaker 1: with the US backing uh the a U S request

271
00:15:04,680 --> 00:15:07,600
Speaker 1: to go after Huawei executives because they were skirting teriff

272
00:15:07,640 --> 00:15:11,000
Speaker 1: rules and and committing basically wire embanked to a voice.

273
00:15:11,080 --> 00:15:13,240
Speaker 1: And so that's why the Canadians rested them in the

274
00:15:13,280 --> 00:15:16,200
Speaker 1: first place well, and so now you know you've got

275
00:15:16,280 --> 00:15:18,360
Speaker 1: you know this, louis better than anybody having worked in

276
00:15:18,360 --> 00:15:20,640
Speaker 1: the Obama White House and uh and and at the

277
00:15:20,720 --> 00:15:24,240
Speaker 1: d n C. Uh, you've got Democrats united on this

278
00:15:24,280 --> 00:15:25,880
Speaker 1: front with I mean, this is this is not a

279
00:15:25,920 --> 00:15:30,480
Speaker 1: political issue. The concerns, the national security concerns against the

280
00:15:30,520 --> 00:15:34,200
Speaker 1: state run telecommunications Jaya Huawei are non parts and non

281
00:15:34,200 --> 00:15:37,280
Speaker 1: partners an issue. I mean actually to some extent, Senator

282
00:15:37,320 --> 00:15:39,320
Speaker 1: Mark Warner the other day told me that he wants

283
00:15:39,600 --> 00:15:42,000
Speaker 1: he doesn't even want this to be a negotiating chip

284
00:15:42,040 --> 00:15:44,680
Speaker 1: at all in the US China trade talks, but it is.

285
00:15:44,720 --> 00:15:46,840
Speaker 1: It is really fast. Many Americans do you know who

286
00:15:47,040 --> 00:15:51,080
Speaker 1: who owned Huawei phones? I don't think a lot of

287
00:15:51,120 --> 00:15:55,000
Speaker 1: people over phones and there they actually are very nice,

288
00:15:55,880 --> 00:15:58,040
Speaker 1: you know, without commenting on the on the on the

289
00:15:58,080 --> 00:16:02,000
Speaker 1: business itself, they're they're very very popular phone. So we

290
00:16:02,200 --> 00:16:05,440
Speaker 1: in this country and in Canada, we we two nations

291
00:16:05,440 --> 00:16:10,040
Speaker 1: have a totally different view of this because of because

292
00:16:10,040 --> 00:16:11,280
Speaker 1: of the issues that you and there are a lot

293
00:16:11,360 --> 00:16:13,680
Speaker 1: like iPhones. In part this is part of the issue

294
00:16:13,680 --> 00:16:16,760
Speaker 1: with the Chinese is the property, intellectual property theft UM

295
00:16:16,840 --> 00:16:19,040
Speaker 1: and the other part is the security issue, which is

296
00:16:19,040 --> 00:16:22,000
Speaker 1: that if Huawei is controlling the telecommunications there, want to

297
00:16:22,040 --> 00:16:24,240
Speaker 1: eavesdrop and they want to track, and they want to

298
00:16:24,280 --> 00:16:27,400
Speaker 1: potentially embed things. So when a US technology company wants

299
00:16:27,440 --> 00:16:30,400
Speaker 1: to open up business in China, they're forced to give

300
00:16:30,440 --> 00:16:33,840
Speaker 1: up part ownership control to the Chinese and that becomes

301
00:16:33,840 --> 00:16:37,000
Speaker 1: a problem because of the type of proprietary information and

302
00:16:37,080 --> 00:16:39,440
Speaker 1: access to private data that they may get. Acts Can

303
00:16:39,520 --> 00:16:43,000
Speaker 1: the United States get a trade deal with China as

304
00:16:43,040 --> 00:16:46,000
Speaker 1: long as this Whawei stuff is still um? I think

305
00:16:46,040 --> 00:16:48,360
Speaker 1: that that has to be part of the resolution. I

306
00:16:48,400 --> 00:16:51,200
Speaker 1: don't think that one will happen without the other. Really, well,

307
00:16:51,240 --> 00:16:54,000
Speaker 1: do you think we're anywhere close to getting a resolution

308
00:16:54,160 --> 00:16:56,680
Speaker 1: on Huawei? Because I don't. It doesn't seem like we are.

309
00:16:56,800 --> 00:16:59,720
Speaker 1: There's it's it's it's so complex, isn't it. And a

310
00:16:59,760 --> 00:17:02,920
Speaker 1: lot of it has to do with these issues of

311
00:17:02,920 --> 00:17:10,440
Speaker 1: of theft of intellectual property and all the I mean

312
00:17:10,440 --> 00:17:13,440
Speaker 1: and aweso, I mean, that's really what this competition is about. Now, Yeah,

313
00:17:13,440 --> 00:17:16,119
Speaker 1: there's no privacy in this world. And the whole notion

314
00:17:16,200 --> 00:17:18,560
Speaker 1: that the whole, the whole notion that we now have

315
00:17:18,720 --> 00:17:22,560
Speaker 1: like it there is you have no privacy. I'm sorry, Kevin,

316
00:17:22,840 --> 00:17:24,760
Speaker 1: you know, and the whole, the whole notion that you

317
00:17:24,800 --> 00:17:28,080
Speaker 1: have a whole you know, the China behind one of

318
00:17:28,119 --> 00:17:31,879
Speaker 1: these telecom giants. Is it's frightening to us. It's not.

319
00:17:32,800 --> 00:17:35,520
Speaker 1: It's a it's a huge, huge issue to the United States.

320
00:17:36,000 --> 00:17:38,400
Speaker 1: But what's interesting is when you see people talking about

321
00:17:38,400 --> 00:17:41,879
Speaker 1: the US economy and China and these upcoming trade wars.

322
00:17:42,320 --> 00:17:44,679
Speaker 1: Um I was, I was. I was looking at the

323
00:17:44,800 --> 00:17:49,200
Speaker 1: South China Morning Post. They have China and the US

324
00:17:49,320 --> 00:17:52,360
Speaker 1: moving backwards. And then you know, we're just talking about, yeah,

325
00:17:52,400 --> 00:17:54,720
Speaker 1: they're going to be next week. Well, there are meeting

326
00:17:54,760 --> 00:17:56,399
Speaker 1: next week at the G twenty and And this is

327
00:17:56,400 --> 00:17:57,880
Speaker 1: one of the problems is that you have so much

328
00:17:57,880 --> 00:18:00,200
Speaker 1: foality in the White House right now, where uh even

329
00:18:00,200 --> 00:18:02,600
Speaker 1: ahead of the U. S. M c A, Mexico passing

330
00:18:02,640 --> 00:18:04,119
Speaker 1: it and all of these immigration deals. A lot of

331
00:18:04,119 --> 00:18:06,199
Speaker 1: this stuff was in the works before Trump came up

332
00:18:06,240 --> 00:18:09,439
Speaker 1: with this tariff war that was really more about writing

333
00:18:09,520 --> 00:18:11,560
Speaker 1: up his base than actually getting Mexico to do something

334
00:18:11,560 --> 00:18:13,360
Speaker 1: that it was already in the process of working out

335
00:18:13,359 --> 00:18:16,000
Speaker 1: with the United States anyway, And you have to worry

336
00:18:16,040 --> 00:18:18,680
Speaker 1: about what he's going to do on the international stage

337
00:18:18,680 --> 00:18:20,800
Speaker 1: because every time he goes to one of these international meetings,

338
00:18:20,960 --> 00:18:23,160
Speaker 1: he's pushing other world leaders off the stage. He's trying

339
00:18:23,160 --> 00:18:25,000
Speaker 1: to get in front of him. He's being rude, he's

340
00:18:25,000 --> 00:18:28,000
Speaker 1: creating problems with our allies and standing with dictators and

341
00:18:28,000 --> 00:18:31,159
Speaker 1: and brutal dictators at that. So it's it's gonna be

342
00:18:31,200 --> 00:18:34,520
Speaker 1: troubling to see what he does and uh, the instability

343
00:18:34,560 --> 00:18:36,520
Speaker 1: that he brings into a moment where we really need

344
00:18:36,600 --> 00:18:38,440
Speaker 1: him to be doing the right thing, uh, to come

345
00:18:38,480 --> 00:18:41,040
Speaker 1: to a deal with with China, uh and to stand

346
00:18:41,080 --> 00:18:42,800
Speaker 1: with our allies on on a bunch of other issues

347
00:18:42,840 --> 00:18:45,280
Speaker 1: that matter. Alright, coming up, we're gonna talk political water

348
00:18:45,320 --> 00:18:47,760
Speaker 1: cooler talker that there was so much stuff. I mean,

349
00:18:47,840 --> 00:18:51,359
Speaker 1: like Hew Pix, the former comments director, she behind closed

350
00:18:51,359 --> 00:18:54,120
Speaker 1: doors again. Then you've got this UFO stuff and we're

351
00:18:54,119 --> 00:18:56,480
Speaker 1: gonna dive right into it head first, head first. That's

352
00:18:56,520 --> 00:18:59,480
Speaker 1: how we do it here. Panel stays Lewis Miranda, former

353
00:18:59,560 --> 00:19:04,160
Speaker 1: d n C Communications director, Louise Skiavoni, my pizza party pal,

354
00:19:04,640 --> 00:19:09,679
Speaker 1: journalist and senior lecturer at John Hopkins University, Kerry Business School,

355
00:19:09,720 --> 00:19:12,400
Speaker 1: one of my first friends in Washington, d C. York

356
00:19:12,480 --> 00:19:16,920
Speaker 1: forever download with no privacy. You can download the Sound

357
00:19:16,960 --> 00:19:20,119
Speaker 1: On podcast on Apple iTunes, at Bloomberg dot com, or

358
00:19:20,200 --> 00:19:23,040
Speaker 1: by downloading the Bloomberg Business app. You can also find

359
00:19:23,080 --> 00:19:26,359
Speaker 1: us on the Bloomberg Terminal, radio dot com, I Heart Radio,

360
00:19:26,480 --> 00:19:32,640
Speaker 1: and Spotify. You're listening to Bloomberg. This is sound On

361
00:19:32,840 --> 00:19:36,720
Speaker 1: with Kevin's he related on Bloomberg one and one oh

362
00:19:36,840 --> 00:19:40,520
Speaker 1: five point seven f m h D two Baltimore, Keith Urban.

363
00:19:40,840 --> 00:19:43,400
Speaker 1: Keith Urbin my all time favorite trim music artist there

364
00:19:43,600 --> 00:19:46,560
Speaker 1: is that. He's right there, first country music city I

365
00:19:46,680 --> 00:19:50,840
Speaker 1: ever bought. Louis Skiavoni, a good friend, pizza party pal,

366
00:19:51,000 --> 00:19:56,360
Speaker 1: journalist and senior lecturer at John Hopkins University, Kerry Businys School. Yeah,

367
00:19:56,359 --> 00:19:58,080
Speaker 1: but that's how I always like. We always had pizza

368
00:19:58,119 --> 00:20:00,159
Speaker 1: and we talked politics and now we would always joke

369
00:20:00,200 --> 00:20:02,280
Speaker 1: about wouldn't it be funny if we had a radio thing?

370
00:20:02,280 --> 00:20:05,320
Speaker 1: And funny how it works out? Louis, Louis, see, I

371
00:20:05,359 --> 00:20:08,960
Speaker 1: did it. I was so good. Louis Miranda, former d

372
00:20:09,080 --> 00:20:12,680
Speaker 1: n C communications director. Now he's got his consulting from

373
00:20:12,720 --> 00:20:15,280
Speaker 1: would you ever run for off this one day? And

374
00:20:15,280 --> 00:20:17,080
Speaker 1: I'm not sure I'm crazy enough to do that just yet.

375
00:20:17,119 --> 00:20:19,879
Speaker 1: But you know, I don't know. I feel like I

376
00:20:19,880 --> 00:20:22,919
Speaker 1: get I got the vibe. I think he'd be a

377
00:20:22,920 --> 00:20:26,080
Speaker 1: strong candidate. I don't know why he won't interesting. Well,

378
00:20:26,119 --> 00:20:33,480
Speaker 1: if you if you ever started here ature, Okay, So

379
00:20:33,520 --> 00:20:36,240
Speaker 1: let's say with foreign policy, because there were rising tensions

380
00:20:36,280 --> 00:20:39,280
Speaker 1: between the US and Iran and the situation. We've been

381
00:20:39,320 --> 00:20:42,080
Speaker 1: following this, covering it day in, day out, and giving

382
00:20:42,160 --> 00:20:45,920
Speaker 1: new urgency to this long unresolved fight over whether President

383
00:20:45,920 --> 00:20:51,480
Speaker 1: Trump and other presidents have or how rather a country

384
00:20:51,480 --> 00:20:54,600
Speaker 1: goes to war. I'm paraphrasing from the Bloomberg Terminal by

385
00:20:54,600 --> 00:20:58,560
Speaker 1: my colleague Daniel Flatley, because there's been all of this,

386
00:20:58,680 --> 00:21:02,280
Speaker 1: sitch this, all of this, the latest controversy about of

387
00:21:02,440 --> 00:21:08,640
Speaker 1: Ron downing the US drone that occurred over international waters.

388
00:21:08,680 --> 00:21:13,040
Speaker 1: The Pentagon is saying iron down a US drone over

389
00:21:13,200 --> 00:21:18,320
Speaker 1: international waters. The President, well, i'll let here. Here's in

390
00:21:18,359 --> 00:21:21,200
Speaker 1: Trump and what he said earlier about that drone strike. Today,

391
00:21:21,240 --> 00:21:24,639
Speaker 1: here's President I find it hard to believe it was intentional,

392
00:21:24,680 --> 00:21:26,120
Speaker 1: if you want to know the truth, I think that

393
00:21:26,280 --> 00:21:29,600
Speaker 1: it could have been somebody who was loose and stupid

394
00:21:30,160 --> 00:21:33,800
Speaker 1: that did it. So that's President Trump downplaying I guess

395
00:21:33,920 --> 00:21:38,520
Speaker 1: Lewis the severity of what could have been a strike,

396
00:21:39,520 --> 00:21:43,800
Speaker 1: a UH an intentional strike by the Iranians against the

397
00:21:43,880 --> 00:21:45,760
Speaker 1: U S. I'm surprised he didn't blame a three hundred

398
00:21:45,800 --> 00:21:48,560
Speaker 1: pound man in his parents basement as he did with

399
00:21:48,640 --> 00:21:51,640
Speaker 1: the Russian hack. Um it's but it's it's troubling because

400
00:21:51,680 --> 00:21:54,719
Speaker 1: you have to wonder, um one, have they been rattling

401
00:21:54,760 --> 00:21:56,840
Speaker 1: the cage and have they themselves been pushing towards war?

402
00:21:57,160 --> 00:21:59,359
Speaker 1: Even our allies have disagree with some of the intelligence

403
00:21:59,800 --> 00:22:04,080
Speaker 1: UH assessments that that this administration has put out, particularly

404
00:22:04,119 --> 00:22:06,159
Speaker 1: around some of the threats that they had towards the

405
00:22:06,320 --> 00:22:09,080
Speaker 1: UH in Iraq when when they evacuated a lot of

406
00:22:09,080 --> 00:22:12,000
Speaker 1: our personnel. UH So there's there's a question about credibility

407
00:22:12,040 --> 00:22:15,119
Speaker 1: of this administration. That's problematic. But certainly this action by

408
00:22:15,119 --> 00:22:17,399
Speaker 1: the Iranians does up the tensions and puts US one

409
00:22:17,440 --> 00:22:21,280
Speaker 1: step closer to two potential conflict, which is UH concerning

410
00:22:21,320 --> 00:22:25,360
Speaker 1: considering that this president has um taken so many steps

411
00:22:25,560 --> 00:22:27,520
Speaker 1: to make it harder to keep her own accountable on

412
00:22:27,560 --> 00:22:29,439
Speaker 1: things like nuclear Well, at least this was the drone

413
00:22:29,880 --> 00:22:34,320
Speaker 1: that the Iranians shot down, according to According to the administration,

414
00:22:34,800 --> 00:22:36,320
Speaker 1: President Trump, I want to play for you what he said.

415
00:22:36,359 --> 00:22:39,160
Speaker 1: I want to get your response, President Trump saying essentially

416
00:22:39,200 --> 00:22:40,680
Speaker 1: that there would be a difference if it wasn't a

417
00:22:40,720 --> 00:22:43,680
Speaker 1: drone and if it was a manned a manned aircraft.

418
00:22:43,720 --> 00:22:46,080
Speaker 1: Here's the president. We didn't have a man or woman

419
00:22:46,080 --> 00:22:48,480
Speaker 1: in the drone. We had nobody in the drone. Would

420
00:22:48,480 --> 00:22:50,000
Speaker 1: have made a big difference. So let me tell you,

421
00:22:50,040 --> 00:22:53,439
Speaker 1: would have made a big, big difference. So well, So

422
00:22:53,840 --> 00:22:57,080
Speaker 1: it's always bad to lose, to lose one of your people, right,

423
00:22:57,480 --> 00:22:59,720
Speaker 1: But you know what's interesting to me about this What

424
00:22:59,720 --> 00:23:02,639
Speaker 1: what he had to say about somebody loosen stupid and

425
00:23:02,680 --> 00:23:06,160
Speaker 1: how he sort of almost gave Iran itself a pass

426
00:23:06,600 --> 00:23:08,879
Speaker 1: is very reminiscent of the stuff that he says about

427
00:23:08,960 --> 00:23:11,560
Speaker 1: North Korea. Right, he says, yeah, you know what I

428
00:23:12,200 --> 00:23:14,560
Speaker 1: really think. You know, they're not They're gonna be okay,

429
00:23:14,640 --> 00:23:18,359
Speaker 1: We're gonna be okay. It's it's very very interesting because

430
00:23:18,520 --> 00:23:20,520
Speaker 1: people think of Trump as a guy who's going to

431
00:23:20,600 --> 00:23:22,600
Speaker 1: go out there and he's going to be aggressive, and

432
00:23:22,640 --> 00:23:26,920
Speaker 1: instead he does all of this such radical downplaying that

433
00:23:26,920 --> 00:23:31,520
Speaker 1: that people are finding shocking. And the congressional fight now

434
00:23:31,840 --> 00:23:34,840
Speaker 1: is over how not fight. But the debate that are

435
00:23:35,520 --> 00:23:38,160
Speaker 1: that the congressional debate now is how does a nation

436
00:23:38,200 --> 00:23:41,200
Speaker 1: go to war? Because the debate over the war powers

437
00:23:41,280 --> 00:23:45,359
Speaker 1: in the Constitution's really ambiguous language makes the commander in chief,

438
00:23:45,359 --> 00:23:49,120
Speaker 1: the president of course, to have the authority to use

439
00:23:49,160 --> 00:23:51,960
Speaker 1: the military but Congress has the authority. Only Congress is

440
00:23:52,000 --> 00:23:55,280
Speaker 1: the authority to declare war. And it's really troubling that

441
00:23:55,320 --> 00:23:57,440
Speaker 1: this administration is trying to use the authorization for the

442
00:23:57,520 --> 00:24:00,800
Speaker 1: use of military force that was put in place respect respectfully.

443
00:24:00,840 --> 00:24:02,960
Speaker 1: And I want to because I don't want to turn

444
00:24:03,000 --> 00:24:06,320
Speaker 1: this into the I get I think everyone understands the

445
00:24:06,320 --> 00:24:08,880
Speaker 1: political dynamics. But you could also make the case, well,

446
00:24:09,080 --> 00:24:13,160
Speaker 1: the previous administration, the about administration, used drugs. But explain

447
00:24:13,240 --> 00:24:16,760
Speaker 1: the issue of because you're the expert, Lewis, so explain

448
00:24:16,840 --> 00:24:21,200
Speaker 1: the issue of precisely what the debate is over, because

449
00:24:21,200 --> 00:24:24,000
Speaker 1: I think they're not. Isn't there also a certain number

450
00:24:24,000 --> 00:24:26,320
Speaker 1: of days that the president has Well let's start with

451
00:24:26,320 --> 00:24:29,000
Speaker 1: the four congress in Well, the issue is just whether

452
00:24:29,080 --> 00:24:31,160
Speaker 1: or not the authorization for use of military force would

453
00:24:31,200 --> 00:24:34,760
Speaker 1: allow this administration to take more significant military action against

454
00:24:34,760 --> 00:24:38,520
Speaker 1: Iran when it was done back in two thousand three

455
00:24:38,560 --> 00:24:40,879
Speaker 1: in response to the nine eleven attacks, right, So that

456
00:24:41,040 --> 00:24:44,040
Speaker 1: that's really the key, and the second part of it

457
00:24:44,080 --> 00:24:46,480
Speaker 1: again is the lack of credibility by this administration, which

458
00:24:46,480 --> 00:24:49,119
Speaker 1: just four days ago Secretary of State Pompeo tried to

459
00:24:49,119 --> 00:24:52,879
Speaker 1: blame Iran for a suicide bomber attack in eastern Kabbal

460
00:24:53,200 --> 00:24:56,240
Speaker 1: that injured U S service members and killed four Afghan

461
00:24:56,280 --> 00:24:59,720
Speaker 1: passers by when the Taliban themselves had already claimed credit

462
00:24:59,760 --> 00:25:03,160
Speaker 1: for the tax. So UH bippling slew of misinformation trying

463
00:25:03,160 --> 00:25:05,520
Speaker 1: to use the a U m F for Iran. That

464
00:25:05,520 --> 00:25:07,320
Speaker 1: that creates a lot of questions. And so Congress is

465
00:25:07,320 --> 00:25:09,159
Speaker 1: gonna have to take its role seriously and if there

466
00:25:09,280 --> 00:25:10,879
Speaker 1: is a real threat, they need to step up a

467
00:25:11,080 --> 00:25:12,920
Speaker 1: two m F. We're gonna be hearing a lot about

468
00:25:12,960 --> 00:25:16,800
Speaker 1: this and maybe even potentially in crowded democratic field. The

469
00:25:16,880 --> 00:25:20,480
Speaker 1: a U m F, the Authorization for the Use of

470
00:25:20,560 --> 00:25:26,000
Speaker 1: military force, that's really the crux of this issue, because

471
00:25:26,080 --> 00:25:30,560
Speaker 1: Congress passed to endorse military action in Afghanistan days after

472
00:25:30,640 --> 00:25:35,680
Speaker 1: the nine eleven attacks. UH, and presidents virtually every president

473
00:25:36,359 --> 00:25:41,960
Speaker 1: since the Bush administration has invoked this to justify interventions abroad.

474
00:25:42,119 --> 00:25:46,040
Speaker 1: Ever since. It's that notion of are we at war?

475
00:25:46,280 --> 00:25:50,200
Speaker 1: If it's not technically declared a war, it's a It's

476
00:25:50,200 --> 00:25:52,959
Speaker 1: a modern question, I guess. In two thousand and nineteen,

477
00:25:53,000 --> 00:25:56,560
Speaker 1: coming up panel stays Luis Skiavoni, journalist, senior elector at

478
00:25:56,560 --> 00:25:59,720
Speaker 1: Hopkins carry Business School. Lewis Miranda, former d n C

479
00:26:00,040 --> 00:26:03,000
Speaker 1: COM's director. Maybe he'll run for Congress one day. You

480
00:26:03,040 --> 00:26:05,679
Speaker 1: can download this sound on podcast on Apple iTunes, at

481
00:26:05,720 --> 00:26:08,720
Speaker 1: Bloomberg dot com, or by downloading the Bloomberg Business app.

482
00:26:08,760 --> 00:26:11,000
Speaker 1: You can also find us on Radio dot com, I

483
00:26:11,119 --> 00:26:14,119
Speaker 1: Heart Radio and Spotify. I'm Kevin Cirelli. You're listening to

484
00:26:14,119 --> 00:26:20,160
Speaker 1: Bloomberg and one. This is Sound on with Kevin serially

485
00:26:20,560 --> 00:26:25,399
Speaker 1: on Bloomberge and one oh seven m h D two Boltemore.

486
00:26:25,960 --> 00:26:28,520
Speaker 1: I mean, there was so much news today outside of

487
00:26:28,560 --> 00:26:31,159
Speaker 1: the policy news that we've got to get through it.

488
00:26:31,240 --> 00:26:34,640
Speaker 1: I mean, Hope Pix. According to Jerry Nadler, Hope Pix,

489
00:26:34,680 --> 00:26:38,480
Speaker 1: the former White House Communications director, said she believed President

490
00:26:38,480 --> 00:26:42,120
Speaker 1: Trump was quote unquote serious when he said he would

491
00:26:42,160 --> 00:26:45,439
Speaker 1: accept information from a political rival from a foreign source.

492
00:26:45,560 --> 00:26:48,360
Speaker 1: That's according to the Chairman of the House Judiciary Committee,

493
00:26:48,680 --> 00:26:54,119
Speaker 1: Jerry Nadler. Uh so, Hope Picks testified behind closed doors.

494
00:26:54,760 --> 00:26:59,720
Speaker 1: That's got I want to introduce you, Luis Skiavoni, journalist

495
00:26:59,720 --> 00:27:02,639
Speaker 1: and see your lecturer at Johns Hopkins University, Kerry Business School,

496
00:27:02,880 --> 00:27:05,920
Speaker 1: Lewis Miranda, former d n C Coms director. You say

497
00:27:05,960 --> 00:27:09,480
Speaker 1: that it's that it's it's third source. I mean we haven't.

498
00:27:09,960 --> 00:27:12,520
Speaker 1: I mean, Jerry Nadler, he's not a big Trump fan.

499
00:27:12,640 --> 00:27:17,320
Speaker 1: And the Hope Picks testified, you know, privately, and um,

500
00:27:17,480 --> 00:27:19,280
Speaker 1: you know, we don't know what she said. And are

501
00:27:19,320 --> 00:27:21,960
Speaker 1: you going to take Jerry Nadler's word for it? I mean,

502
00:27:22,560 --> 00:27:24,760
Speaker 1: you know, if if the parties were reversed, would you

503
00:27:24,800 --> 00:27:28,240
Speaker 1: take a Republican's word for it if we were above

504
00:27:28,400 --> 00:27:30,280
Speaker 1: I mean, I I just think I would like to

505
00:27:30,280 --> 00:27:33,240
Speaker 1: hear Hope Picks say it. And yet it seems from

506
00:27:33,240 --> 00:27:35,359
Speaker 1: what's come out that she also did her best to

507
00:27:35,520 --> 00:27:39,399
Speaker 1: knock into uh invoke the White House is memo, trying

508
00:27:39,440 --> 00:27:43,000
Speaker 1: to use the executive privilege to not talk candidly about

509
00:27:44,040 --> 00:27:45,800
Speaker 1: the things that the committee wanted to know about. Well,

510
00:27:45,800 --> 00:27:49,560
Speaker 1: there's also those reports that she wasn't taking President Trump's calls,

511
00:27:50,200 --> 00:27:54,560
Speaker 1: all right, So that's that's that's interesting. I just I mean,

512
00:27:54,680 --> 00:27:57,280
Speaker 1: so I think that really we didn't learn anything new, right,

513
00:27:57,600 --> 00:27:59,000
Speaker 1: and then that's the bottom line. That's why I'm not

514
00:27:59,000 --> 00:28:00,879
Speaker 1: spending too much time on the There was really nothing

515
00:28:00,920 --> 00:28:03,840
Speaker 1: new that we know yet of what Hope Pix, the

516
00:28:03,880 --> 00:28:07,960
Speaker 1: former White House Communications director, testified behind closed doors before

517
00:28:07,960 --> 00:28:10,280
Speaker 1: the Tertiary Committee. We don't know what she said. We

518
00:28:10,320 --> 00:28:14,040
Speaker 1: don't we weren't there. We have, as Louise said, we

519
00:28:14,080 --> 00:28:16,440
Speaker 1: have second hand accounts. And ultimately, I think one of

520
00:28:16,440 --> 00:28:17,919
Speaker 1: the problems for Democrats is that a lot of these

521
00:28:17,920 --> 00:28:21,160
Speaker 1: investigations are not going to yield something that is significant enough.

522
00:28:21,200 --> 00:28:24,360
Speaker 1: And this is why their decision, Nancy decision to disregard

523
00:28:24,480 --> 00:28:27,520
Speaker 1: the four four pages of Robert Mueller's memo that lay

524
00:28:27,560 --> 00:28:30,159
Speaker 1: out a clear case for obstruction of justice is a mistake.

525
00:28:30,720 --> 00:28:33,840
Speaker 1: So that's you know, I think that's interesting. I think

526
00:28:34,359 --> 00:28:37,840
Speaker 1: to say to your point, why Democrats are I mean, yes,

527
00:28:38,160 --> 00:28:41,040
Speaker 1: there they say they're continuing to investigate because they want to,

528
00:28:41,360 --> 00:28:43,280
Speaker 1: you know, do what they have to do. But but

529
00:28:43,360 --> 00:28:45,960
Speaker 1: you're saying, as a Democrat former d n C Comms director,

530
00:28:46,000 --> 00:28:48,760
Speaker 1: why not you know, look at the at the Mueller report,

531
00:28:48,760 --> 00:28:50,920
Speaker 1: and then you've got the fight within the Democratic Party.

532
00:28:51,120 --> 00:28:53,000
Speaker 1: And I know it would be there's so much to

533
00:28:53,040 --> 00:28:54,680
Speaker 1: get there, But you were telling me about this. This

534
00:28:54,720 --> 00:28:57,880
Speaker 1: is on your radar AOC versus Speaker of the House

535
00:28:58,400 --> 00:29:03,880
Speaker 1: Nancy Pelosi. So AOC, the freshman Congresswoman Alexandria Cassio Cortez

536
00:29:04,040 --> 00:29:09,320
Speaker 1: is saying incorrectly that the UH calling the detention centers

537
00:29:09,360 --> 00:29:13,600
Speaker 1: for children, myentration calling them concentration camps. Well, here's AOC.

538
00:29:13,720 --> 00:29:16,400
Speaker 1: I want to play for you what what AOC had

539
00:29:16,480 --> 00:29:20,480
Speaker 1: to say. There is a very clear academic consensus on

540
00:29:20,520 --> 00:29:23,520
Speaker 1: what constitutes a concentration camp, and that is the massed

541
00:29:23,560 --> 00:29:26,320
Speaker 1: attention of a community of people without a trial or

542
00:29:26,400 --> 00:29:31,960
Speaker 1: due process. I think it's pretty universally and non controversial

543
00:29:32,000 --> 00:29:35,640
Speaker 1: to say that the administration is doing exactly that and

544
00:29:35,720 --> 00:29:39,520
Speaker 1: meets the academic requirement for what a concentration campus. That's

545
00:29:39,560 --> 00:29:43,800
Speaker 1: so she's saying, she's defending herself, and here's Speaker Pelosi here, Pelosi,

546
00:29:44,320 --> 00:29:47,720
Speaker 1: I do have some comments to make to my caucus

547
00:29:48,280 --> 00:29:53,240
Speaker 1: writ large about the political nature of how politically charged

548
00:29:53,280 --> 00:29:57,760
Speaker 1: the atmosphere is. So understand that, Well, the Republicans have

549
00:29:57,840 --> 00:30:01,040
Speaker 1: no interest in holding the president account for his words.

550
00:30:01,600 --> 00:30:05,440
Speaker 1: They will misrepresent anything that you say, just if you

551
00:30:05,560 --> 00:30:08,400
Speaker 1: have one word in the sentence that they can exploit.

552
00:30:09,480 --> 00:30:11,040
Speaker 1: And on this one I got agree with Anti Pelosi.

553
00:30:11,080 --> 00:30:13,200
Speaker 1: I think that Democrats have to be careful here. There's

554
00:30:13,240 --> 00:30:15,240
Speaker 1: a lot of people who are near and dear to

555
00:30:15,240 --> 00:30:18,560
Speaker 1: me who are the descendants of Holocaust survivors, and and

556
00:30:18,600 --> 00:30:22,320
Speaker 1: it is a word that can be easily charged and misrepresented,

557
00:30:22,360 --> 00:30:25,080
Speaker 1: and we have to be sensitive about that. But the

558
00:30:25,120 --> 00:30:28,560
Speaker 1: broader point that Alexandrocasio Cortesse makes is important to note

559
00:30:28,560 --> 00:30:30,560
Speaker 1: at the highlight that there are a lot of children

560
00:30:30,680 --> 00:30:37,480
Speaker 1: dying in immigration department. Journey have to we have to

561
00:30:37,520 --> 00:30:40,000
Speaker 1: deal with that. Wait wait, wait, no children had died

562
00:30:40,040 --> 00:30:41,440
Speaker 1: over the past ten years, and now we've had I

563
00:30:41,440 --> 00:30:45,200
Speaker 1: think seven in the past few weeks. AOC is wrong.

564
00:30:45,960 --> 00:30:51,120
Speaker 1: She is categorically wrong to call them concentration and I

565
00:30:51,200 --> 00:30:53,520
Speaker 1: just said that with I completely said that, But the

566
00:30:53,640 --> 00:30:56,240
Speaker 1: underlying issue she should make her point a different way.

567
00:30:56,360 --> 00:30:57,920
Speaker 1: I agree with that. You agree with that? Do you

568
00:30:57,960 --> 00:31:01,120
Speaker 1: agree with that? Yeah, they're not centration camps. I mean

569
00:31:01,160 --> 00:31:04,800
Speaker 1: we all know they're not concentrated. They have deplorable conditions.

570
00:31:04,840 --> 00:31:08,680
Speaker 1: There are children dying, Um, they need to be treated differently,

571
00:31:08,800 --> 00:31:11,720
Speaker 1: But they are not concentration camps. No, there's not mass

572
00:31:11,800 --> 00:31:15,719
Speaker 1: murder or genocide. Haven't even believe you know, and I

573
00:31:15,760 --> 00:31:18,440
Speaker 1: think you know that the chatter that no one wants

574
00:31:18,480 --> 00:31:21,520
Speaker 1: to say on air is okay, Well, now the Democrats

575
00:31:21,560 --> 00:31:23,680
Speaker 1: are dealing with what the Republican Party had to deal

576
00:31:23,720 --> 00:31:26,480
Speaker 1: with with the Tea Party and whatnot. But you know,

577
00:31:28,840 --> 00:31:33,280
Speaker 1: at what point does Speaker Pelosi kind of be a

578
00:31:33,320 --> 00:31:36,880
Speaker 1: little bit more aggressive about this rhetoric from elan Omar

579
00:31:37,400 --> 00:31:41,560
Speaker 1: and aoc I. I just feel like people really did

580
00:31:41,600 --> 00:31:46,440
Speaker 1: these peace a history, I mean history history is something

581
00:31:46,480 --> 00:31:50,280
Speaker 1: that people really need to know and understand. Um as

582
00:31:50,320 --> 00:31:53,760
Speaker 1: we as we all agree people who were in and

583
00:31:53,800 --> 00:31:57,320
Speaker 1: we all know people whose families were rounded up and

584
00:31:57,400 --> 00:32:01,600
Speaker 1: said to concentration camps and were gassed and treated brutally,

585
00:32:01,680 --> 00:32:05,600
Speaker 1: and millions and millions of and it's something to do

586
00:32:05,640 --> 00:32:07,760
Speaker 1: because we're talking about all of that instead of about

587
00:32:07,800 --> 00:32:10,080
Speaker 1: the fact that there are children dying in custody and

588
00:32:10,080 --> 00:32:15,240
Speaker 1: that we need to fix it. So it's so grossly, grossly,

589
00:32:15,360 --> 00:32:21,280
Speaker 1: inappropriately trivializes the real tragedy of the Holocaust. Didn't someone

590
00:32:21,400 --> 00:32:24,320
Speaker 1: for Senator Kennedy, didn't She used to work for Senator

591
00:32:25,440 --> 00:32:28,959
Speaker 1: Yeah didn't she didn't she volunteer for Senator Kennedy. All right,

592
00:32:29,040 --> 00:32:31,120
Speaker 1: let's switch gears. Do you follow this because this is

593
00:32:31,120 --> 00:32:32,560
Speaker 1: the one thing I wanna end on enough. I mean,

594
00:32:33,400 --> 00:32:38,040
Speaker 1: I am obsessed with this story that they have this,

595
00:32:38,040 --> 00:32:42,640
Speaker 1: this closed door briefing on UFOs. The Intelligence Committee at

596
00:32:42,680 --> 00:32:45,680
Speaker 1: Warner actually gave comment about it. Here's Mark Warner on

597
00:32:45,720 --> 00:32:49,480
Speaker 1: this UFO briefing. Concerns should we be about the briefing

598
00:32:49,520 --> 00:32:51,840
Speaker 1: that you received on UFOs? Is that the concern that

599
00:32:51,880 --> 00:32:54,240
Speaker 1: for pilots? Is there anything mentioned to us about point?

600
00:32:54,280 --> 00:32:58,320
Speaker 1: I think some of the press reports are I think

601
00:32:58,360 --> 00:33:03,360
Speaker 1: people are are taking this issue much more seriously. And um,

602
00:33:03,440 --> 00:33:04,680
Speaker 1: you know, I'm not going to get into any of

603
00:33:04,680 --> 00:33:07,880
Speaker 1: the content. So the briefing was a classified briefing. Um,

604
00:33:08,520 --> 00:33:12,240
Speaker 1: but what I I think the one of the key

605
00:33:12,280 --> 00:33:16,680
Speaker 1: takeaways I have is that the the military and others

606
00:33:16,720 --> 00:33:20,240
Speaker 1: are taking this issue seriously, which I think in previous

607
00:33:20,280 --> 00:33:22,920
Speaker 1: generations may not have been the case. Okay, I don't

608
00:33:22,960 --> 00:33:25,760
Speaker 1: mean the lap of like previous generation were taking UFO

609
00:33:25,880 --> 00:33:29,440
Speaker 1: threats that stuff. Come on, Okay, we've got like thirty seconds.

610
00:33:29,480 --> 00:33:33,360
Speaker 1: But identified flying object is an object that you cannot identify.

611
00:33:33,520 --> 00:33:35,760
Speaker 1: That doesn't mean that there are little aliens inside. That

612
00:33:36,440 --> 00:33:38,680
Speaker 1: the Navy had already been public about over a year ago,

613
00:33:38,720 --> 00:33:43,560
Speaker 1: about pilots reporting very quick, very rapid, very interesting movements

614
00:33:43,560 --> 00:33:46,640
Speaker 1: that a human made craft could not make. I want

615
00:33:46,760 --> 00:33:50,120
Speaker 1: to know. I want to know the truth is out there, right,

616
00:33:50,200 --> 00:33:53,800
Speaker 1: So tell Us is out there and it's here. It's

617
00:33:53,840 --> 00:33:56,680
Speaker 1: here on sound on Kevin Surley, thanks for listening, and

618
00:33:56,760 --> 00:33:57,800
Speaker 1: you're listening to Bloombird