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Speaker 1: Charlie Podell. That's a bloom Bright business flash. You're listening
Speaker 1: to Taking Stock with Kathleen and Pim Fox on Bloomberg Radio.
Speaker 1: Turning now to the Democratic a National Convention. It is
Speaker 1: getting underway officially today. Hillary Clinton's campaign wants to portray
Speaker 1: a unified Democratic Party in contrast to some of the
Speaker 1: discourse we saw last week in Cleveland at the Republicans convention.
Speaker 1: But this is getting tougher and tougher as calls grow
Speaker 1: louder for cheerwoman Debbie Wasserman Schultz to step down immediately
Speaker 1: rather than give a couple of big speeches and wait
Speaker 1: till the end of the week to leave her post. Well,
Speaker 1: let's put all of this in front of someone who
Speaker 1: is following it very very closely. Are Washington d C
Speaker 1: Bureau Chief Megan Murphy. Well, Megan, welcome back to the show. Boy,
Speaker 1: oh boy. In case anybody thought that the d n
Speaker 1: C would have a boring convention, they were all wrong.
Speaker 1: Now and actually in just the last half hour, Debbie
Speaker 1: Wassonman Shoulton, it has been confirmed, will not be speaking
Speaker 1: at the convention and will not even gabble into the convention.
Speaker 1: She is this is now which is become sort of
Speaker 1: the overriding distraction from this message of unity of the
Speaker 1: Democrats would like to project. We've had very extraordinary scenes
Speaker 1: this morning, first with h speaking up front of her
Speaker 1: constituents and actually you know, booing, chanting, And then we
Speaker 1: had Bernie Sanders, Hilly Clinton's rival, also getting booed when
Speaker 1: he suggested his supportership now turning their attention to voting
Speaker 1: for Hillary Clinton and defeating Donald Trump. But yes, if
Speaker 1: we thought Cleveland was a hot mess, Philadelphia is competing
Speaker 1: right there up with it now, Maigan, And wonder if
Speaker 1: you could describe what happened at this delicate breakfast in
Speaker 1: Philadelphia with the Florida Democratic delegation and the congresswoman from Florida,
Speaker 1: Wie Wasserman Schultz. So what happened was she had taken
Speaker 1: to the floor to address her delegates and it broke
Speaker 1: out into a series of both pro um washerman shild
Speaker 1: chanting and against her and people saying she had to go.
Speaker 1: And and that's what we saw, you know, it really visible.
Speaker 1: But the Bernie standers addressed as well as to his
Speaker 1: own supporters was equally stunning in that there's clearly many
Speaker 1: of his delegates who were just unwilling to transfer their intense,
Speaker 1: you know, following behind him to Hillary Clinton. Now, to
Speaker 1: be fair, that doesn't necessarily represent the majority of the
Speaker 1: Democratic Party or even you know, a large minority of
Speaker 1: the Democratic Party. It's it's it's a base, it's the
Speaker 1: Bernie supporters, it's his hardcore followers. But it's still just
Speaker 1: shows we still have a very fractured party heading into tonight,
Speaker 1: which is supposed to be all about, you know, drawing
Speaker 1: a sharp contrast with the Republican message of gloom and doom.
Speaker 1: They really wanted to put a positive spin on this,
Speaker 1: a message of optimism, and they're having trouble getting out
Speaker 1: of the gate. Well. Of course, what really seemed to
Speaker 1: seal uh, Debbie Washerman Schultz's fate was the release of
Speaker 1: nearly twenty thou DNC emails by wiki leagues on Friday.
Speaker 1: It showed pretty blatantly that party leadership was leaning in
Speaker 1: support of Hillary Clinton's presidential campaign during the Democratic primary. Now,
Speaker 1: Bernie Sanders had complained about this for a long time.
Speaker 1: A lot of people brushed it off. Is there anything
Speaker 1: new you can tell us about the source of that
Speaker 1: league about what people in the party are saying about
Speaker 1: we this is politics. You know what enemy of Debbie
Speaker 1: Washerman Schultz could have been involved. I mean, look, this
Speaker 1: is the subject that's dominating the convention. But in terms
Speaker 1: of the actual source of that league, obviously there's a
Speaker 1: tremendous amount of speculation about Russian hackers, people associated with
Speaker 1: people supporting Donald Trump, sort of in the cyber world,
Speaker 1: that this is intentionally happen and then released at a
Speaker 1: moment that would have like maximum possible damage. That is
Speaker 1: the speculation. The FBI I announced the days they would
Speaker 1: investigate the hack. It's the White House is also looking
Speaker 1: into it. And and look, I think but I think
Speaker 1: it's a core feeling is people shouldn't write stupid things
Speaker 1: and emails. I'm sure if you went back through the
Speaker 1: r nteering as a candidates, I mean, Hillary Clinton has
Speaker 1: had our own trouble with her own emails, and what
Speaker 1: was revealed in those emails, as you said, was just
Speaker 1: very overt biased towards the Sanders campaign as something they
Speaker 1: had longed respected, as something they had long complained about,
Speaker 1: agitated against. And there it was in in black and
Speaker 1: white or in you know, text on the screen um
Speaker 1: for everyone to see. And you know, his supporters feel jipped,
Speaker 1: and they feel like it was rigged, and and there's
Speaker 1: no question that they have ground to believe that given
Speaker 1: what we saw on some of those emails tell us
Speaker 1: what we can expect from today's opening of the Democratic
Speaker 1: National Convention. So tonight we have a pretty mor key
Speaker 1: lineup as of every night we're going to have this week.
Speaker 1: We have Michelle Obama, we have Elizabeth Warren speaking. Both
Speaker 1: of those speeches will be really closely watched to see,
Speaker 1: you know, what they say in particularly Miss l Obama
Speaker 1: in terms of what he brings to the floor and
Speaker 1: sort of how they're really going to look to her
Speaker 1: to energize it, and and and and sort of bring
Speaker 1: back the nostalgia of the best of the Obama years.
Speaker 1: And then of course we also have Bernie Sanders themselves,
Speaker 1: and I think there are still people who are somewhat
Speaker 1: a little bit nervous about what he is actually going
Speaker 1: to stay now. In his endorsement of Hilly Clinton, he
Speaker 1: was very eloquent, he was very firm with his support.
Speaker 1: He was you know, very gracious in that actual endorsement,
Speaker 1: But it took them a long time to get there.
Speaker 1: He's got a lot of supporters who are going to
Speaker 1: be in that hall tonight, and whether or not he's
Speaker 1: going to be as both rodd in his support is
Speaker 1: what everyone's going to be watching. Of course, one of
Speaker 1: the pieces of tape, piece of video and running on
Speaker 1: Bloomberg Television today shows him saying quite adamantly, we must
Speaker 1: elect Hillary Clinton. And we can understand that for many Democrats,
Speaker 1: whatever you may feel or think about Hilly Clinton, how
Speaker 1: she got the nomination, you know, and ardent Democrat is
Speaker 1: going to do everything they can to not have Donald
Speaker 1: Trump occupy that seat in the White House. You know.
Speaker 1: The issues here though, is that in so many ways
Speaker 1: this has been one of the true phenomenons of the
Speaker 1: sixteen cycle, which is that in some cases Bernie supporters
Speaker 1: are actually more aligned with some and I emphasize the
Speaker 1: statements some of the principles backed by Donald Trump. You know,
Speaker 1: whether it's anti free trade deal, is it's this economic insecurity,
Speaker 1: it's bringing um wage listing wages among the white working class,
Speaker 1: addressing sort of inequality. These are themes that actually Donald
Speaker 1: Trump talks a lot about as well. And people have
Speaker 1: always Jonald Trump has been quite overt about saying, I
Speaker 1: am targeting Bernie voters in those Russbolt swing states that
Speaker 1: are going to make the difference, the Ohio, the Pennsylvania's,
Speaker 1: even in Michigan's. You know, going through those states they're
Speaker 1: actually have they have crossover effects. So what Hillary Clinton's
Speaker 1: people really are focused on is how do we get
Speaker 1: them on our side, first of all from up sure
Speaker 1: optics optics perspective this week, but also from getting the
Speaker 1: enthusiasm and the momentum behind her. It is something she's
Speaker 1: as it was throughout the campaign. She just hasn't had
Speaker 1: the enthusiasm that he has had, and that's what they're
Speaker 1: really focused on. They don't believe they necessarily need all
Speaker 1: those voters given the demographic advantage they have, but they
Speaker 1: certainly want to build a groundshel enthusiasm coming out of convention.
Speaker 1: And look, look at the polls this morning that we've
Speaker 1: had and Donald Trump is up five points in one
Speaker 1: of the poles that this morning, so they know there
Speaker 1: is really everything to play for this week. Terry mccauliffe,
Speaker 1: who is the governor of Virginia former Democratic National Committee chair,
Speaker 1: said that, well, there's no evidence that anything was done
Speaker 1: that affected the actual nominating process of going back to
Speaker 1: those emails and the d n C. But he also
Speaker 1: said that people should be fired over this email leak.
Speaker 1: Will that distract from what goes on at the convention.
Speaker 1: I think that this is going to be a little
Speaker 1: bit of a Milani at Shump type moment in the
Speaker 1: sense of we came into that, you know, Cleveland convention
Speaker 1: expecting it to be newsy. We didn't expect this one
Speaker 1: to vias Newsy. But the news cycle is moving so fast.
Speaker 1: So what they're really hoping is, now that Debbie Washman
Speaker 1: ChIL has formally given up her role, they have almost
Speaker 1: a sacrificial lamb to offer up over this scandal and
Speaker 1: people can move on. They can draw a line, and
Speaker 1: they'll try to reset tonight. They've got to lose this Warren,
Speaker 1: you know, a great speaker, Michelle, as we've discussed, but
Speaker 1: they will overhang the rest of the convention. People are
Speaker 1: certainly going to try and make it you know, the
Speaker 1: Republicans are going to try and make it overhang. Some
Speaker 1: of Bernie's supporters are going to continue to agitate about this,
Speaker 1: but I think they will be able to reset more
Speaker 1: because in this crazy cycle. The news cycle just moves
Speaker 1: so fast. What does Hillary Clinton have to do this week? What?
Speaker 1: What is she what? What is her goal? What? What
Speaker 1: would be a win for Hillary Clinton? Last week, Donald
Speaker 1: Trump's challenge was appearing presidential and convincing the American public
Speaker 1: that he actually could hold the job as commander in chief.
Speaker 1: That was his task. That is less of her struggle.
Speaker 1: More many people believe that she can be presidential. That's
Speaker 1: not her issue. Her issue is likability and true humanity.
Speaker 1: The issue with her always is she just is not
Speaker 1: connecting with some of those voters she needs to connect with.
Speaker 1: They still don't know who she is, even after all
Speaker 1: this time in the public life. What she really needs
Speaker 1: to do is inspire people. She's got over the highest
Speaker 1: hurdle of whether or not people think she's she's she
Speaker 1: can do that office. For her, it's an issue of
Speaker 1: winning back voters trust, making them believe that she is
Speaker 1: a person of integrity and honor and can move this
Speaker 1: country forward in the right direction. That's going to be
Speaker 1: her challenge and send her challenge all along. Get those
Speaker 1: favoritabilities up, get more people behind her, and really draw
Speaker 1: the sharpest of sharp contrasts with Donald Trump over issues
Speaker 1: like the plan for the economy, their plan for national
Speaker 1: security present an optimistic vision for America's future, not a
Speaker 1: pessimistic one. Thank you very much. Megan Murphy, Bloomberg's a
Speaker 1: Washington bureau chief, giving us details about the Democratic National Convention,
Speaker 1: which begins today in Philadelphia. Featured speakers include Elizabeth Warren,
Speaker 1: Michelle Obama, and Bernie Sanders. I'm pim Fox, along with
Speaker 1: Kathleen Hayes and this his Bloomberg Radio