1
00:00:02,520 --> 00:00:10,080
Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the

2
00:00:10,119 --> 00:00:13,880
Speaker 1: Bloomberg Balance of Power podcast. Catch us live weekdays at

3
00:00:13,920 --> 00:00:17,119
Speaker 1: noon and five pm Eastern on Apple Coarckley and Android

4
00:00:17,160 --> 00:00:20,560
Speaker 1: Auto with the Bloomberg Business App. Listen on demand wherever

5
00:00:20,600 --> 00:00:23,760
Speaker 1: you get your podcasts, or watch us live on YouTube.

6
00:00:25,400 --> 00:00:28,280
Speaker 2: It is if you're still keeping track day thirty five

7
00:00:28,360 --> 00:00:31,280
Speaker 2: of the government shutdown, which means we've matched the longest

8
00:00:31,280 --> 00:00:33,599
Speaker 2: of all time, and I'm pretty sure they're not going

9
00:00:33,680 --> 00:00:36,280
Speaker 2: to figure it out today, so we'll set another all

10
00:00:36,320 --> 00:00:38,680
Speaker 2: time all time in the next twenty four hours. The

11
00:00:38,760 --> 00:00:41,240
Speaker 2: House has been out of session for forty six days,

12
00:00:42,280 --> 00:00:44,120
Speaker 2: and none of that seems to matter too much to

13
00:00:44,159 --> 00:00:48,800
Speaker 2: people who are focused on elections in New York, Virginia,

14
00:00:48,960 --> 00:00:52,720
Speaker 2: New Jersey, also the Prop fifty in California that we're

15
00:00:52,760 --> 00:00:54,800
Speaker 2: going to be following here. I'm going to start in

16
00:00:54,880 --> 00:00:56,960
Speaker 2: New York, of course, and we've got the best of

17
00:00:56,960 --> 00:00:59,000
Speaker 2: Bloomberg in the field today. Are going to be bringing

18
00:00:59,080 --> 00:01:01,680
Speaker 2: us to ground in the states that we're talking about,

19
00:01:01,720 --> 00:01:05,320
Speaker 2: talking geography, talking campaigns, voter turnout, and what we should

20
00:01:05,319 --> 00:01:08,200
Speaker 2: watch tonight when we're bringing you special coverage on Bloomberg

21
00:01:08,319 --> 00:01:11,160
Speaker 2: Radio to start in New York, of course, where the

22
00:01:11,680 --> 00:01:15,040
Speaker 2: Democratic message and the trajectory of the party appears to

23
00:01:15,080 --> 00:01:18,399
Speaker 2: be very much on the line here as the self

24
00:01:18,440 --> 00:01:23,480
Speaker 2: described democratic socialist Zorn Mamdani cruises to an expected win.

25
00:01:23,640 --> 00:01:27,200
Speaker 2: Republicans have seized on this moment, starting all the way

26
00:01:27,200 --> 00:01:29,480
Speaker 2: at the top with President Donald Trump to try to

27
00:01:29,520 --> 00:01:33,319
Speaker 2: frame rhetorically what is happening here in Manhattan and what

28
00:01:33,400 --> 00:01:35,040
Speaker 2: might take place if he's elected.

29
00:01:35,080 --> 00:01:39,160
Speaker 3: Here's the president. Listen, you have a communist running and

30
00:01:39,200 --> 00:01:41,280
Speaker 3: you shouldn't vote for him. He's a disaster.

31
00:01:41,440 --> 00:01:43,319
Speaker 4: You know, he's running against a communists.

32
00:01:43,360 --> 00:01:45,080
Speaker 3: I would think that he would have a good shot

33
00:01:45,080 --> 00:01:45,360
Speaker 3: of wood.

34
00:01:45,560 --> 00:01:46,560
Speaker 4: He's a communist.

35
00:01:47,160 --> 00:01:48,080
Speaker 5: I don't think.

36
00:01:47,960 --> 00:01:49,680
Speaker 6: Our country is ready for a communist.

37
00:01:49,760 --> 00:01:52,680
Speaker 5: I'd prefer not to have a communist mayor.

38
00:01:53,000 --> 00:01:56,120
Speaker 3: Of New York City. And you know that's what he

39
00:01:56,240 --> 00:01:59,840
Speaker 3: is based on his policy. Democrats have become radical left lunatics.

40
00:02:00,800 --> 00:02:03,919
Speaker 3: They have policies that nobody's going to buy.

41
00:02:04,680 --> 00:02:06,760
Speaker 7: And you know, I see what's going on in New

42
00:02:06,840 --> 00:02:09,600
Speaker 7: York where you're going to have a perhaps a communist there.

43
00:02:09,680 --> 00:02:10,800
Speaker 5: It's not even believable.

44
00:02:10,840 --> 00:02:15,080
Speaker 2: My beautiful New York president working overtime to frame the

45
00:02:15,080 --> 00:02:18,760
Speaker 2: nominee as a communist, and we've heard this from a

46
00:02:18,760 --> 00:02:21,400
Speaker 2: lot of Republicans on the program. It's where we start

47
00:02:21,400 --> 00:02:24,320
Speaker 2: our conversation with our reporting now and Miles Miller joining us.

48
00:02:24,360 --> 00:02:27,679
Speaker 2: Bloomberg new senior reporter from Brooklyn, where he's been out

49
00:02:27,720 --> 00:02:30,400
Speaker 2: early and often here covering this race. Miles, tell us

50
00:02:30,440 --> 00:02:32,960
Speaker 2: what's on the line.

51
00:02:33,600 --> 00:02:33,799
Speaker 4: Yeah.

52
00:02:33,800 --> 00:02:37,080
Speaker 6: I spoke with Zaramamdani this morning in Queens after he

53
00:02:37,200 --> 00:02:39,920
Speaker 6: casts his ballot, and I said, if you were to

54
00:02:40,040 --> 00:02:43,400
Speaker 6: win tonight, what would you expect the margin to be

55
00:02:43,639 --> 00:02:46,400
Speaker 6: to say that you would have a mandate And he said,

56
00:02:46,400 --> 00:02:49,200
Speaker 6: a victory is a mandate enough. So that's how he's

57
00:02:49,280 --> 00:02:52,400
Speaker 6: going into this election day. Of course, the polls are

58
00:02:52,440 --> 00:02:56,600
Speaker 6: open and they will remain open until nine this evening,

59
00:02:57,000 --> 00:03:00,840
Speaker 6: and people have already started casting their ballots. It's early, right,

60
00:03:00,880 --> 00:03:04,040
Speaker 6: they started the early voting two weeks ago. Seven hundred

61
00:03:04,040 --> 00:03:07,560
Speaker 6: and thirty thousand people participating in this race, and it's

62
00:03:07,600 --> 00:03:10,920
Speaker 6: become a race that has really been shaped by three

63
00:03:11,000 --> 00:03:16,399
Speaker 6: main things. The candidate's affordability messaging, the public safety messaging,

64
00:03:16,720 --> 00:03:22,359
Speaker 6: and then also ideology. Right, you've got New Yorkers who

65
00:03:22,639 --> 00:03:25,200
Speaker 6: feel that they've been priced out. You've got the New

66
00:03:25,280 --> 00:03:27,560
Speaker 6: Yorkers who won a little bit more when it comes

67
00:03:27,560 --> 00:03:31,400
Speaker 6: to childcare, and then you've got the push to hire

68
00:03:31,520 --> 00:03:35,800
Speaker 6: more cops, and then folks on either side of that aisle,

69
00:03:36,040 --> 00:03:39,160
Speaker 6: and then you have the folks who believe that this

70
00:03:39,440 --> 00:03:42,960
Speaker 6: is a race that is much different than there has

71
00:03:43,040 --> 00:03:46,520
Speaker 6: ever been in New York. If Zoran Mumdani is to win,

72
00:03:46,560 --> 00:03:50,440
Speaker 6: he'd be the first Muslim and first South Asian mayor

73
00:03:50,560 --> 00:03:53,600
Speaker 6: in New York City. And there has been a lot

74
00:03:53,600 --> 00:03:57,040
Speaker 6: of criticism about some of the messaging that he has

75
00:03:57,120 --> 00:04:02,800
Speaker 6: said in the past few years, saying globalized Intifada, Andrew

76
00:04:02,840 --> 00:04:07,080
Speaker 6: Cuomo making the effort to connect that to anti Semitism,

77
00:04:07,120 --> 00:04:10,560
Speaker 6: but then Mamdani has said that is that he is

78
00:04:10,880 --> 00:04:12,960
Speaker 6: not anti Semitic, but that there has been.

79
00:04:12,920 --> 00:04:15,560
Speaker 5: A lot of Islamophobia in this race.

80
00:04:16,120 --> 00:04:19,440
Speaker 6: Taken together, this is a race that does not feel

81
00:04:19,560 --> 00:04:23,440
Speaker 6: very tight. The latest polling shows Mamdani with a pretty

82
00:04:23,440 --> 00:04:26,720
Speaker 6: commanding lead, and as I said at the outset, this

83
00:04:26,760 --> 00:04:31,240
Speaker 6: will really be focused on just how big the margin

84
00:04:31,440 --> 00:04:34,280
Speaker 6: is and if he has that mandate to pursue some

85
00:04:34,320 --> 00:04:37,320
Speaker 6: of these really progressive proposals. You know, I was looking

86
00:04:37,440 --> 00:04:40,560
Speaker 6: at some of the reporting from twenty thirteen when a

87
00:04:40,600 --> 00:04:45,440
Speaker 6: tall guy named Bill de Blasio won the mayoralty back

88
00:04:45,480 --> 00:04:50,120
Speaker 6: in twenty thirteen, and in one of the last paragraphs

89
00:04:50,160 --> 00:04:53,679
Speaker 6: of the of the piece, it basically said the same

90
00:04:53,680 --> 00:04:57,080
Speaker 6: thing that it says about Mamdanni's race right now, that

91
00:04:57,160 --> 00:05:00,560
Speaker 6: he was able to really push through and get the

92
00:05:00,600 --> 00:05:06,599
Speaker 6: message across about about income inequality and about affordability, and

93
00:05:06,640 --> 00:05:09,840
Speaker 6: that that really set him apart from his other candidates.

94
00:05:09,839 --> 00:05:13,240
Speaker 6: The other candidates are running basically a race that is

95
00:05:13,320 --> 00:05:16,760
Speaker 6: focused on public safety, but nothing really compared to the

96
00:05:16,760 --> 00:05:19,240
Speaker 6: free buses, the free child's care, and the taxes on

97
00:05:19,360 --> 00:05:19,800
Speaker 6: the wealthy.

98
00:05:19,960 --> 00:05:20,920
Speaker 3: Miles, thank you so much.

99
00:05:20,920 --> 00:05:22,400
Speaker 2: We're going to be back to Miles Miller a little

100
00:05:22,440 --> 00:05:24,440
Speaker 2: bit later on in the program, reporting on the New

101
00:05:24,520 --> 00:05:27,279
Speaker 2: York mayoral race with some big endorsements that have emerged

102
00:05:27,279 --> 00:05:29,599
Speaker 2: in the last twenty four hours. We talked about Donald

103
00:05:29,600 --> 00:05:32,200
Speaker 2: Trump yesterday, not really a formal endorsement, but in his

104
00:05:32,279 --> 00:05:36,559
Speaker 2: sixty minutes interview add Elon Musk and last night even

105
00:05:36,640 --> 00:05:41,480
Speaker 2: Stephen Miller trying to point Republican voters to Andrew Cuomo

106
00:05:42,200 --> 00:05:45,720
Speaker 2: and defeat Zorn Mamdani. Poly market Right now gives Mom

107
00:05:45,760 --> 00:05:49,039
Speaker 2: Donnie a ninety five percent chance of victory. Let's skip

108
00:05:49,040 --> 00:05:52,120
Speaker 2: across the river right now where Bloomberg's Romaine Bostic is

109
00:05:52,160 --> 00:05:56,520
Speaker 2: covering the gubernatorial race in New Jersey. Remembering Democrat Mikey

110
00:05:56,600 --> 00:05:59,320
Speaker 2: Cheryl against Republican Jack Chittarelli. And what we are told,

111
00:05:59,440 --> 00:06:02,159
Speaker 2: Romayne in a recent poll is a one point race.

112
00:06:02,200 --> 00:06:03,080
Speaker 3: What are you seeing there?

113
00:06:05,560 --> 00:06:07,960
Speaker 8: Yeah, it's gotten a lot closer if you go back

114
00:06:08,080 --> 00:06:11,040
Speaker 8: just a few weeks, Mikey Cheryl actually had a double

115
00:06:11,080 --> 00:06:14,400
Speaker 8: digit percentage point lead in the polls, or in most polls,

116
00:06:14,400 --> 00:06:18,320
Speaker 8: I should say over Jack should a rally her Republican challenger. However,

117
00:06:18,400 --> 00:06:21,919
Speaker 8: that has narrowed considerably over the last few weeks. Emerson

118
00:06:22,000 --> 00:06:25,400
Speaker 8: College out with its latest poll showing a two percentage

119
00:06:25,400 --> 00:06:27,400
Speaker 8: point lead by Mikey Cheryl, and most of the other

120
00:06:27,440 --> 00:06:30,480
Speaker 8: polls are in basically a one to five percentage point

121
00:06:30,560 --> 00:06:33,760
Speaker 8: range right now with Cheryl up ahead. And remember that

122
00:06:33,839 --> 00:06:35,599
Speaker 8: is with not only within the margin of era, but

123
00:06:35,640 --> 00:06:38,280
Speaker 8: you're talking about a state, Joe, that, despite the sort

124
00:06:38,279 --> 00:06:41,679
Speaker 8: of reputation for being a democratic state, only about thirty

125
00:06:41,720 --> 00:06:43,839
Speaker 8: eight percent of the voters of the registered voter here

126
00:06:43,960 --> 00:06:47,800
Speaker 8: are Democrat. About twenty five percent Republicans, about thirty five

127
00:06:47,800 --> 00:06:50,480
Speaker 8: percent are independents, and those are the ones that are

128
00:06:50,520 --> 00:06:52,880
Speaker 8: really going to potentially call this election. Those are the

129
00:06:52,960 --> 00:06:55,640
Speaker 8: voters that Jack should have really has been courting hard.

130
00:06:55,880 --> 00:06:57,680
Speaker 8: He's also spent a lot of time in some of

131
00:06:57,720 --> 00:07:01,920
Speaker 8: the Democratic strongholds here, including I'm standing air in Jersey City.

132
00:07:02,040 --> 00:07:04,719
Speaker 8: He spent some time this weekend in what is not

133
00:07:04,760 --> 00:07:07,400
Speaker 8: only overwhelming the Democratic city, but probably one of the

134
00:07:07,400 --> 00:07:10,400
Speaker 8: most diverse cities in the entire country. He spent a

135
00:07:10,440 --> 00:07:12,520
Speaker 8: lot of time as some of the churches while with

136
00:07:12,960 --> 00:07:16,280
Speaker 8: predominantly black and Latino members, and he is really making

137
00:07:16,320 --> 00:07:19,520
Speaker 8: a big push to convince those folks that the last

138
00:07:19,520 --> 00:07:22,880
Speaker 8: four years of a Democratic governor under Phil Murphy did

139
00:07:22,920 --> 00:07:25,600
Speaker 8: not serve them well and that their fortunes would somehow

140
00:07:25,600 --> 00:07:28,800
Speaker 8: improve under a Republican administration led by him.

141
00:07:28,920 --> 00:07:31,680
Speaker 2: Really interesting, Romaine, New Jersey has not voted for a

142
00:07:31,840 --> 00:07:35,560
Speaker 2: Republican president in more than thirty years, has not voted

143
00:07:35,560 --> 00:07:38,320
Speaker 2: for a Republican senator in more than fifty years.

144
00:07:38,360 --> 00:07:40,960
Speaker 3: To what extent would this test history?

145
00:07:41,000 --> 00:07:43,400
Speaker 2: Knowing as well that New Jersey has a reputation for

146
00:07:43,480 --> 00:07:46,720
Speaker 2: toggling between Democrats and Republicans at the top.

147
00:07:49,160 --> 00:07:50,840
Speaker 8: Well, if you want to answer to that, I think

148
00:07:50,840 --> 00:07:52,600
Speaker 8: all you have to do is look right now at

149
00:07:52,600 --> 00:07:55,280
Speaker 8: the RNC. You go back four years ago when Jack

150
00:07:55,320 --> 00:07:58,000
Speaker 8: Chitdarelli ran for governor. Remember this is the third time

151
00:07:58,000 --> 00:08:00,200
Speaker 8: that he's run for governor here. He did not get

152
00:08:00,200 --> 00:08:03,160
Speaker 8: a lot of support from the federal level, meaning the

153
00:08:03,240 --> 00:08:07,400
Speaker 8: National Republican Party, in terms of money or even just visibility.

154
00:08:07,440 --> 00:08:08,960
Speaker 3: And that has changed in a big way.

155
00:08:09,240 --> 00:08:11,920
Speaker 8: Even though Donald Trump himself has not physically been on

156
00:08:11,960 --> 00:08:14,600
Speaker 8: the campaign trail which Adarelli, a lot of his surrogates

157
00:08:14,640 --> 00:08:16,800
Speaker 8: have shown up with him, a lot of the Republican

158
00:08:16,840 --> 00:08:19,080
Speaker 8: members of Congress have been out here, a lot of

159
00:08:19,120 --> 00:08:21,840
Speaker 8: members of the RNC and elsewhere have been out here

160
00:08:21,880 --> 00:08:24,240
Speaker 8: as well, and they funneled a lot of cash to

161
00:08:24,360 --> 00:08:27,040
Speaker 8: his campaign. They look to what Donald Trump did over

162
00:08:27,080 --> 00:08:29,880
Speaker 8: the last few years, losing to Biden four years ago

163
00:08:29,920 --> 00:08:33,160
Speaker 8: by a sixteen port margin, but then losing to Kamala

164
00:08:33,280 --> 00:08:37,280
Speaker 8: Harris just last year by only a five percentage point margin,

165
00:08:37,400 --> 00:08:40,120
Speaker 8: and that has a lot of Republicans in Washington thinking

166
00:08:40,320 --> 00:08:43,240
Speaker 8: that maybe, just maybe they can even flip this state

167
00:08:43,679 --> 00:08:45,560
Speaker 8: when we get to the next presidential election.

168
00:08:45,800 --> 00:08:48,160
Speaker 2: In three years that would be something Romaine really glad

169
00:08:48,200 --> 00:08:49,880
Speaker 2: you're out there for us, and we'll be checking back

170
00:08:49,880 --> 00:08:52,040
Speaker 2: in with Romaine Bostik throughout the day and throughout the

171
00:08:52,040 --> 00:08:56,280
Speaker 2: evening with special election coverage starting at five pm Eastern Time,

172
00:08:56,320 --> 00:08:59,880
Speaker 2: an extended edition of Balance of Power on the late side.

173
00:09:00,000 --> 00:09:02,480
Speaker 2: I do want to mention quickly, as we throw the

174
00:09:02,520 --> 00:09:05,920
Speaker 2: full resources of Bloomberg News at covering this election today,

175
00:09:05,920 --> 00:09:08,160
Speaker 2: we've still got our eyes on the shutdown, and the

176
00:09:08,240 --> 00:09:13,320
Speaker 2: FAA has just issued a groundstop at Washington, DC's National Airport.

177
00:09:13,520 --> 00:09:16,199
Speaker 2: It is over security that we're being told this is

178
00:09:16,240 --> 00:09:19,440
Speaker 2: part of the cascade of delays and cancelations that we've

179
00:09:19,480 --> 00:09:22,000
Speaker 2: seen at a number of airports across the country. This

180
00:09:22,120 --> 00:09:24,960
Speaker 2: shutdown is now thirty five days old, matching the all time.

181
00:09:25,000 --> 00:09:28,320
Speaker 2: Tomorrow will be in record territory in fact, for a

182
00:09:28,520 --> 00:09:30,880
Speaker 2: full shutdown as opposed to a partial one.

183
00:09:30,960 --> 00:09:33,480
Speaker 3: We're already there. Let's keep it in New York.

184
00:09:33,360 --> 00:09:35,320
Speaker 2: Ause we're going to talk to Cliff Young next about

185
00:09:35,360 --> 00:09:39,480
Speaker 2: his polling on not necessarily these races, but the factors

186
00:09:39,480 --> 00:09:43,960
Speaker 2: that are driving decisions, beginning with cost Zoron Mamdani was

187
00:09:44,000 --> 00:09:47,120
Speaker 2: on MSNBC earlier today was on Morning Joe and asked

188
00:09:47,120 --> 00:09:50,440
Speaker 2: about claims of his Communist affiliation. As we heard the

189
00:09:50,440 --> 00:09:52,800
Speaker 2: President say repeatedly over the past couple of months, here's

190
00:09:52,840 --> 00:09:53,280
Speaker 2: what he said.

191
00:09:54,040 --> 00:09:56,160
Speaker 9: What I actually find is that when you're speaking to

192
00:09:56,200 --> 00:09:58,679
Speaker 9: New Yorkers, they ask you less how you describe your

193
00:09:58,720 --> 00:10:01,839
Speaker 9: politics and more what there's room for them in that politics.

194
00:10:02,080 --> 00:10:04,360
Speaker 9: And New Yorkers are asking me, does your politics have

195
00:10:04,440 --> 00:10:07,240
Speaker 9: room for my struggle to afford my rent, my childcare,

196
00:10:07,320 --> 00:10:11,400
Speaker 9: my groceries, and frankly, President Trump ran an entire campaign

197
00:10:11,760 --> 00:10:14,760
Speaker 9: focusing on the cost of living, focusing on the promise

198
00:10:14,760 --> 00:10:17,560
Speaker 9: of cheaper groceries, and his inability to do so is

199
00:10:17,559 --> 00:10:20,120
Speaker 9: now making him increasingly desperate to try and stop the

200
00:10:20,160 --> 00:10:23,800
Speaker 9: campaign that will actually deliver on the same diagnosis.

201
00:10:23,240 --> 00:10:23,760
Speaker 3: That he shared.

202
00:10:25,040 --> 00:10:27,440
Speaker 2: Let's bringing Cliff Young, as I mentioned from ipso's US

203
00:10:27,520 --> 00:10:29,760
Speaker 2: Public Affairs Chair, a professor at Texas A and M

204
00:10:29,840 --> 00:10:32,600
Speaker 2: University's Bush School of Government and Public Service.

205
00:10:32,760 --> 00:10:33,840
Speaker 3: Cliff, it's great to see you.

206
00:10:33,840 --> 00:10:36,320
Speaker 2: Your most recent round of polling started with a headline

207
00:10:36,400 --> 00:10:41,040
Speaker 2: the Calm before the Storm, Affordability and elections, and it's

208
00:10:41,080 --> 00:10:43,520
Speaker 2: remarkable to us to see the issue of cost and

209
00:10:43,600 --> 00:10:47,760
Speaker 2: inflation prices that drove Donald Trump back into the White House,

210
00:10:48,120 --> 00:10:51,400
Speaker 2: the same one that will likely elect a Democratic socialist

211
00:10:51,400 --> 00:10:52,240
Speaker 2: here in Manhattan.

212
00:10:52,280 --> 00:10:53,240
Speaker 3: Is that how you see.

213
00:10:53,080 --> 00:10:55,160
Speaker 5: It, That's how we see it.

214
00:10:55,200 --> 00:10:57,800
Speaker 10: And we always have to be careful, Joe, not to

215
00:10:58,400 --> 00:11:02,240
Speaker 10: overly nationalize the elections. Indeed, when people go into the

216
00:11:02,280 --> 00:11:05,880
Speaker 10: ballot box and they vote, they're thinking about their lives,

217
00:11:06,200 --> 00:11:09,240
Speaker 10: their ability to make ends meet, to provide a good

218
00:11:11,240 --> 00:11:14,920
Speaker 10: a good standard of living to their family. And that's

219
00:11:14,920 --> 00:11:16,679
Speaker 10: what they're thinking about today, whether it be in New

220
00:11:16,760 --> 00:11:21,120
Speaker 10: York or New Jersey or Virginia. Americans today are really

221
00:11:21,200 --> 00:11:25,760
Speaker 10: worried about affordability, cost of living. Obviously, Donald Trump won

222
00:11:25,800 --> 00:11:30,480
Speaker 10: on that issue in twenty twenty four. But the tariffs,

223
00:11:31,040 --> 00:11:34,719
Speaker 10: and that's the storm that we talk about. They're beginning

224
00:11:34,760 --> 00:11:38,280
Speaker 10: to rear their ugly head and Americans are worried about it.

225
00:11:39,040 --> 00:11:41,160
Speaker 2: We've talked a lot about, or asked a lot about

226
00:11:41,200 --> 00:11:44,160
Speaker 2: Cliff the Trump factor in all of the races today.

227
00:11:44,559 --> 00:11:47,520
Speaker 2: He hasn't been terribly present. It certainly didn't come personally

228
00:11:48,160 --> 00:11:51,520
Speaker 2: to stump in New Jersey. He held some tell rallies

229
00:11:51,600 --> 00:11:54,559
Speaker 2: last evening. In Virginia, he didn't even mention the candidate's

230
00:11:54,600 --> 00:11:57,320
Speaker 2: name and win some earl sears. To what extent are

231
00:11:57,360 --> 00:12:01,000
Speaker 2: his approval numbers and policies like you just mentioned his

232
00:12:01,080 --> 00:12:02,480
Speaker 2: tariff policies on the ballot.

233
00:12:03,840 --> 00:12:06,680
Speaker 10: Yeah, I don't think we even being in a very

234
00:12:06,800 --> 00:12:11,880
Speaker 10: positive place, that if Trump's approval ratings were fifty point pluss,

235
00:12:12,320 --> 00:12:16,560
Speaker 10: would he necessarily have a big impact on these elections. Indeed,

236
00:12:17,040 --> 00:12:21,240
Speaker 10: as I was emphasizing, really people are worried about those

237
00:12:21,600 --> 00:12:25,080
Speaker 10: very simple pocketbook issues. That's how you typically vote at

238
00:12:25,080 --> 00:12:28,439
Speaker 10: the state in the local levels. Are the roads paved?

239
00:12:28,960 --> 00:12:31,800
Speaker 10: Is my garbage being picked up? Can I forard things?

240
00:12:32,000 --> 00:12:34,719
Speaker 10: Is let's say, our tolls too expensive? These sort of

241
00:12:34,760 --> 00:12:36,880
Speaker 10: bread and butter issues are what people are worried about,

242
00:12:37,160 --> 00:12:39,679
Speaker 10: and they're really worried about them today. Now that's not

243
00:12:39,720 --> 00:12:45,079
Speaker 10: to say that Trump is in a relatively good position

244
00:12:45,280 --> 00:12:48,400
Speaker 10: given everything. His approval ratings are let's say, in the

245
00:12:48,440 --> 00:12:51,520
Speaker 10: mid to low forties. There's been some slippage over the

246
00:12:51,600 --> 00:12:54,720
Speaker 10: last let's say a few months. That's mostly because of

247
00:12:54,760 --> 00:12:57,199
Speaker 10: cost of living issues and the economy. But for the

248
00:12:57,240 --> 00:12:59,840
Speaker 10: most part, he's in a good place. But really voters

249
00:12:59,840 --> 00:13:03,600
Speaker 10: are worried about again, how to get things along, how

250
00:13:03,640 --> 00:13:04,720
Speaker 10: to take care of their families.

251
00:13:04,760 --> 00:13:06,480
Speaker 2: It was a long time ago when James Carvill said

252
00:13:06,480 --> 00:13:08,719
Speaker 2: it was the economy stupid, but that certainly turned out

253
00:13:08,720 --> 00:13:09,200
Speaker 2: to be the case.

254
00:13:09,240 --> 00:13:10,280
Speaker 3: Cliff, and I.

255
00:13:10,280 --> 00:13:12,520
Speaker 2: Guess, do you see this as a world where the

256
00:13:12,600 --> 00:13:16,000
Speaker 2: issue doesn't change. It remains cost when it comes to

257
00:13:16,040 --> 00:13:18,760
Speaker 2: elections in the United States, but the political pendulum swings

258
00:13:18,800 --> 00:13:20,840
Speaker 2: back and forth as people try to seek an answer.

259
00:13:21,840 --> 00:13:23,880
Speaker 5: I think it's a fair way to look at it.

260
00:13:23,920 --> 00:13:26,560
Speaker 10: Obviously, in a different scenario, at a different moment in time,

261
00:13:26,800 --> 00:13:29,400
Speaker 10: it could be national security, it could be terrorism, it

262
00:13:29,440 --> 00:13:32,480
Speaker 10: could be immigration, for instance. But indeed, that's how I

263
00:13:32,520 --> 00:13:35,800
Speaker 10: would look at it, Joe. That really what we're seeing

264
00:13:35,840 --> 00:13:38,560
Speaker 10: in once again New Jersey and Virginia and New York.

265
00:13:38,800 --> 00:13:41,160
Speaker 10: We're really seeing sort of the party out of power

266
00:13:41,400 --> 00:13:46,000
Speaker 10: that's not responsible or doesn't own the problem with affordability

267
00:13:46,360 --> 00:13:50,640
Speaker 10: in a relatively better place than the incumbent party. And

268
00:13:50,720 --> 00:13:53,960
Speaker 10: I would just emphasize there, I mean, Jersey's closed. I

269
00:13:54,000 --> 00:13:56,520
Speaker 10: would not be surprised if it flips that as it

270
00:13:56,559 --> 00:13:57,640
Speaker 10: goes to the Republicans.

271
00:13:57,880 --> 00:14:00,600
Speaker 5: We'll see. Obviously I don't have a crystal ball, but all.

272
00:14:00,480 --> 00:14:04,080
Speaker 10: The indicators, especially the affordability indicators and matchups suggest that

273
00:14:04,120 --> 00:14:06,600
Speaker 10: the Republicans in that state are in a better position

274
00:14:06,600 --> 00:14:08,000
Speaker 10: than these Democrats.

275
00:14:08,080 --> 00:14:11,679
Speaker 2: Let's talk shutdown, Cliff, You've got numbers out here on

276
00:14:11,880 --> 00:14:12,880
Speaker 2: day thirty five.

277
00:14:13,040 --> 00:14:14,480
Speaker 3: It's worth talking about.

278
00:14:14,520 --> 00:14:17,320
Speaker 2: I guess the blame game because politicians all seem to

279
00:14:17,320 --> 00:14:19,560
Speaker 2: think they're winning on both sides of the isle. You're

280
00:14:19,600 --> 00:14:22,760
Speaker 2: finding blame for the government shutdown, in fact, remain split.

281
00:14:22,800 --> 00:14:23,720
Speaker 3: Can you tell us more?

282
00:14:25,000 --> 00:14:27,280
Speaker 10: Yeah, Now, there's two different ways to ask the question.

283
00:14:27,560 --> 00:14:30,960
Speaker 10: Kind of ask, you know, President Trump, the Republicans in Congress,

284
00:14:31,000 --> 00:14:34,840
Speaker 10: the Democrats in Congress. If we ask independently, about two

285
00:14:34,880 --> 00:14:39,160
Speaker 10: thirds of Americans blame each one equally. Once again, now,

286
00:14:39,200 --> 00:14:41,920
Speaker 10: if you put Republicans a Democrats, excuse me, Republicans and

287
00:14:42,000 --> 00:14:46,960
Speaker 10: Trump against the Democrats, the Republicans together with Trump hold

288
00:14:47,160 --> 00:14:49,680
Speaker 10: more of the blame the Democrats. It's about forty five

289
00:14:49,680 --> 00:14:52,800
Speaker 10: percent versus thirty three. So, yes, it's a pox in

290
00:14:52,840 --> 00:14:56,440
Speaker 10: all your houses. We've said that before. But if you're

291
00:14:56,440 --> 00:15:00,240
Speaker 10: looking at the relative odds, Americans are seeing it being

292
00:15:00,280 --> 00:15:03,760
Speaker 10: more of a red problem than a blue problem. But

293
00:15:03,800 --> 00:15:07,920
Speaker 10: once again, it only will matter really if it impacts

294
00:15:07,960 --> 00:15:08,680
Speaker 10: her pocketbook.

295
00:15:08,760 --> 00:15:11,960
Speaker 2: There seems to be a sentiment out there that the

296
00:15:12,000 --> 00:15:14,600
Speaker 2: government shutdown is just waiting for these elections to pass.

297
00:15:14,680 --> 00:15:16,440
Speaker 2: We're going to be back open this weekend. Do you

298
00:15:16,480 --> 00:15:18,240
Speaker 2: have any polling or have you seen any research that

299
00:15:18,240 --> 00:15:22,640
Speaker 2: would indicate that the election itself is an inflection point

300
00:15:22,680 --> 00:15:23,280
Speaker 2: in the shutdown.

301
00:15:24,680 --> 00:15:25,720
Speaker 5: Yeah, well, I don't know that.

302
00:15:25,920 --> 00:15:28,600
Speaker 10: You know the sort of you know, the machinations of

303
00:15:29,600 --> 00:15:33,840
Speaker 10: the politicking around the shutdown. It is a critical point.

304
00:15:34,080 --> 00:15:36,760
Speaker 10: It's a point of reflection for both parties. They'll see

305
00:15:36,880 --> 00:15:39,360
Speaker 10: sort of where they are. It's a relative gauge. Will

306
00:15:39,360 --> 00:15:41,880
Speaker 10: it be an impetus to push it forward and ended

307
00:15:42,040 --> 00:15:42,800
Speaker 10: or keep it going?

308
00:15:43,040 --> 00:15:46,840
Speaker 5: Perhaps? But once again, the parties.

309
00:15:46,440 --> 00:15:51,200
Speaker 10: Themselves will be looking at these elections through a national lens,

310
00:15:51,720 --> 00:15:54,560
Speaker 10: and this might have some sort of impact on the calculates.

311
00:15:54,640 --> 00:15:57,000
Speaker 2: One stake we haven't really talked about this hour, and

312
00:15:57,040 --> 00:15:58,920
Speaker 2: we will more over the course of the program is

313
00:15:58,960 --> 00:16:02,760
Speaker 2: California and what's happening with Prop fifty. As a polster,

314
00:16:02,960 --> 00:16:05,000
Speaker 2: to what extent does this scramble the deck for you?

315
00:16:05,080 --> 00:16:07,840
Speaker 2: If we're redrawing congressional lines in a state that large,

316
00:16:07,880 --> 00:16:10,000
Speaker 2: or as it looks like now, maybe as many as

317
00:16:10,000 --> 00:16:13,120
Speaker 2: a half dozen states around the country, that's a great question.

318
00:16:13,200 --> 00:16:13,400
Speaker 5: Joe.

319
00:16:13,440 --> 00:16:15,600
Speaker 10: I'm in the midst of or we're in the midst

320
00:16:15,640 --> 00:16:21,280
Speaker 10: of redoing our mid term models, our forecasting models. And

321
00:16:21,360 --> 00:16:23,240
Speaker 10: it's a difficult one because we don't know what it

322
00:16:23,280 --> 00:16:25,200
Speaker 10: will net out at. I mean, you have text us

323
00:16:25,280 --> 00:16:28,080
Speaker 10: on the one hand, you have states like California on

324
00:16:28,200 --> 00:16:31,440
Speaker 10: the other. It's more of a wait and see. We'll

325
00:16:31,480 --> 00:16:35,920
Speaker 10: have to adjust them accordingly. That said, it should be

326
00:16:36,160 --> 00:16:40,640
Speaker 10: a democratic year. Maybe it's more attenuated, but obviously there's

327
00:16:40,640 --> 00:16:42,680
Speaker 10: a lot of a road to toe before we get there.

328
00:16:43,000 --> 00:16:44,320
Speaker 3: It's good to have you, Cliff.

329
00:16:44,360 --> 00:16:47,160
Speaker 2: Happy Election Day with us from episodes, Cliff Young, stay

330
00:16:47,200 --> 00:16:48,520
Speaker 2: with us on Balance of Power.

331
00:16:48,560 --> 00:16:50,200
Speaker 3: We'll have much more coming up after this.

332
00:16:55,720 --> 00:16:59,200
Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch

333
00:16:59,280 --> 00:17:02,280
Speaker 1: us live days at noon and five pm Eastern on

334
00:17:02,440 --> 00:17:06,119
Speaker 1: Applecarclay and Android Atto with the Bluemberg Business app Withsten

335
00:17:06,200 --> 00:17:09,280
Speaker 1: on demand wherever you get your podcasts, or watch us

336
00:17:09,359 --> 00:17:09,760
Speaker 1: live on.

337
00:17:09,880 --> 00:17:14,720
Speaker 2: YouTube, keeping tabs on a series of races across the country.

338
00:17:14,760 --> 00:17:17,800
Speaker 2: Here voters are fanning out and this is real. We

339
00:17:17,920 --> 00:17:21,080
Speaker 2: spend months talking about this stuff, and as our friend

340
00:17:21,160 --> 00:17:24,480
Speaker 2: Rick Davis always says, the real poll is being held

341
00:17:24,600 --> 00:17:28,000
Speaker 2: right now in places like New York, of course, New Jersey, Virginia,

342
00:17:28,080 --> 00:17:30,680
Speaker 2: We've got Prop fifty, we're tracking in California, but we

343
00:17:30,720 --> 00:17:32,720
Speaker 2: want to start with our panel, and I'm glad to

344
00:17:32,760 --> 00:17:34,640
Speaker 2: say we've got them both with us today. Rick Davis

345
00:17:34,680 --> 00:17:37,640
Speaker 2: and Genie Shanzino with the race in New York City.

346
00:17:38,240 --> 00:17:44,040
Speaker 2: Zoron Mamdani answering the idea that there'll be an exodus

347
00:17:44,200 --> 00:17:47,440
Speaker 2: from New York, the accusations from the President that he

348
00:17:47,520 --> 00:17:50,800
Speaker 2: will destroy the city, that he will cause wealth to

349
00:17:51,040 --> 00:17:53,520
Speaker 2: leave New York. Here's what he said on the stump

350
00:17:53,600 --> 00:17:55,760
Speaker 2: this morning in response, I.

351
00:17:55,800 --> 00:17:58,960
Speaker 9: Look forward to utilizing every single tool at my disposal

352
00:17:59,040 --> 00:18:00,920
Speaker 9: as the next mayor of this to fight for the

353
00:18:00,960 --> 00:18:03,400
Speaker 9: people of it. That means using the courts, that means

354
00:18:03,480 --> 00:18:06,240
Speaker 9: using the bully pulpit, that means ensuring that we actually

355
00:18:06,280 --> 00:18:08,119
Speaker 9: follow the letter of the law. And I know that

356
00:18:08,280 --> 00:18:10,959
Speaker 9: doing so is something that threatens Donald Trump. It's why

357
00:18:11,040 --> 00:18:13,280
Speaker 9: he's gone after Attorney General James because she had the

358
00:18:13,320 --> 00:18:15,479
Speaker 9: audacity to hold him to the same law that every

359
00:18:15,560 --> 00:18:17,200
Speaker 9: New Yorker has held to. But I will not be

360
00:18:17,280 --> 00:18:19,639
Speaker 9: intimidated by this president. I will not be intimidated by

361
00:18:19,680 --> 00:18:21,320
Speaker 9: anyone because my job.

362
00:18:21,240 --> 00:18:23,199
Speaker 2: Here is to serve the people of the city, answering

363
00:18:23,240 --> 00:18:25,280
Speaker 2: threats as well from the President that he'll pull federal

364
00:18:25,320 --> 00:18:29,119
Speaker 2: funding from a city like New York if a self

365
00:18:29,200 --> 00:18:32,600
Speaker 2: described democratic socialist or as Donald Trump calls him, communist,

366
00:18:32,720 --> 00:18:33,640
Speaker 2: ends up running the city.

367
00:18:33,720 --> 00:18:34,359
Speaker 3: Let's get into it.

368
00:18:34,480 --> 00:18:38,640
Speaker 2: They're both here, Bloomberg Politics contributors Genie Shanzano and Rick Davis.

369
00:18:38,720 --> 00:18:41,800
Speaker 2: Genie is our Democratic analyst democracy visiting fellow at Harvard

370
00:18:41,840 --> 00:18:45,320
Speaker 2: Kennedy's School's Ash Center. Rick is our Republican strategist partner

371
00:18:45,359 --> 00:18:47,760
Speaker 2: at stone Court Capital, and we could not have an

372
00:18:47,800 --> 00:18:53,040
Speaker 2: election without both of them. Happy Election Day, Genie Zoron

373
00:18:53,119 --> 00:18:56,600
Speaker 2: Mamdani has managed to really work himself into quite a

374
00:18:56,680 --> 00:18:59,960
Speaker 2: situation here. Polymarket says he's got ninety five percent chance

375
00:19:00,200 --> 00:19:02,760
Speaker 2: of winning. He's got a lot of talent on the stump.

376
00:19:03,080 --> 00:19:08,359
Speaker 2: He was very successful in navigating debates, interviews, being pithy.

377
00:19:08,840 --> 00:19:10,720
Speaker 2: It's going to be a different job when he's running

378
00:19:10,760 --> 00:19:11,080
Speaker 2: the city.

379
00:19:11,200 --> 00:19:14,399
Speaker 3: Is he ready for it? Yeah, that's right.

380
00:19:14,480 --> 00:19:16,840
Speaker 11: And have the election day, Joe and Rick. I wouldn't

381
00:19:16,840 --> 00:19:19,560
Speaker 11: spend it with anybody else if I had a choice,

382
00:19:19,560 --> 00:19:19,879
Speaker 11: and I have.

383
00:19:19,960 --> 00:19:22,440
Speaker 3: A choice, I love to be here with you.

384
00:19:23,440 --> 00:19:25,960
Speaker 11: You know, I think this may be your last visit

385
00:19:26,080 --> 00:19:29,320
Speaker 11: to New York City before the communist read descends on it.

386
00:19:29,560 --> 00:19:33,040
Speaker 11: People are fleeing. This is what we're hearing. And of

387
00:19:33,200 --> 00:19:36,920
Speaker 11: course running is one thing, Governing is something else. We

388
00:19:37,119 --> 00:19:40,520
Speaker 11: haven't seen Mom Donnie do that in an executive role.

389
00:19:40,880 --> 00:19:43,919
Speaker 11: And there's a good deal of consternation in the Democratic

390
00:19:44,000 --> 00:19:45,960
Speaker 11: Party in New York City, in New York State, in

391
00:19:46,040 --> 00:19:49,720
Speaker 11: the country as to how he'll perform. So if he wins,

392
00:19:49,800 --> 00:19:53,280
Speaker 11: we're going to be seeing that. But the reality is

393
00:19:53,560 --> 00:19:57,520
Speaker 11: is that New York City is its own sort of

394
00:19:57,840 --> 00:20:00,800
Speaker 11: Democratic primary today is the way I think about it.

395
00:20:00,920 --> 00:20:04,920
Speaker 11: We are thinking about and seeing in real time Democrats

396
00:20:05,000 --> 00:20:07,119
Speaker 11: fight it out as to what the future of the

397
00:20:07,240 --> 00:20:11,640
Speaker 11: party should be. It is a microcosm in that sense

398
00:20:11,720 --> 00:20:12,600
Speaker 11: of the party.

399
00:20:12,440 --> 00:20:13,560
Speaker 5: But it doesn't tell us.

400
00:20:13,680 --> 00:20:16,239
Speaker 11: I don't think an awful lot, as we will see

401
00:20:16,359 --> 00:20:19,040
Speaker 11: in New Jersey in Virginia about where we sit in

402
00:20:19,200 --> 00:20:22,920
Speaker 11: terms of the party versus the Republican Party. So I

403
00:20:23,000 --> 00:20:25,040
Speaker 11: think it's going to be telling, but I don't think

404
00:20:25,119 --> 00:20:27,560
Speaker 11: it is going to be We're going to be able

405
00:20:27,600 --> 00:20:31,080
Speaker 11: to extrapolate from that to the broader country as a whole.

406
00:20:31,359 --> 00:20:32,760
Speaker 2: Is that how you're looking at this, Rick that this

407
00:20:32,920 --> 00:20:35,320
Speaker 2: is not so much a Democratic story but a New

408
00:20:35,400 --> 00:20:35,960
Speaker 2: York story.

409
00:20:36,880 --> 00:20:39,560
Speaker 7: Not really, I think it's a little both. The reality

410
00:20:39,760 --> 00:20:43,720
Speaker 7: is that mom donni is redefining what it is to

411
00:20:43,800 --> 00:20:46,359
Speaker 7: be a Democrat. Whether the Democratic Party likes it or not, right,

412
00:20:46,400 --> 00:20:48,560
Speaker 7: and I don't think they like it. But he's the

413
00:20:48,720 --> 00:20:50,399
Speaker 7: energy in the party right now. I mean there's no

414
00:20:50,560 --> 00:20:53,440
Speaker 7: question of everybody we're going to talk about today, you know,

415
00:20:53,520 --> 00:20:57,320
Speaker 7: whether it's potentially a Democratic governor of Virginia, Democratic Governor

416
00:20:57,480 --> 00:21:01,320
Speaker 7: Jersey Mondannie's going to get thee in share of discussion

417
00:21:02,160 --> 00:21:04,639
Speaker 7: as to what the future of the Democratic Party is

418
00:21:04,640 --> 00:21:07,359
Speaker 7: going to be. And both those others are moderate Democrats.

419
00:21:07,440 --> 00:21:11,800
Speaker 7: They're not getting any attention. Where's the respect to the moderates?

420
00:21:11,960 --> 00:21:15,520
Speaker 7: And so the reality is Democrats have an intemen problem.

421
00:21:15,640 --> 00:21:19,840
Speaker 7: They have not well defined themselves post Biden Harris, and

422
00:21:20,320 --> 00:21:23,720
Speaker 7: now they've got this young upstart could be the youngest

423
00:21:24,400 --> 00:21:27,600
Speaker 7: mayor of New York City since the eighteen hundreds, I

424
00:21:27,640 --> 00:21:30,040
Speaker 7: mean it's been a long time, even older than me.

425
00:21:30,920 --> 00:21:33,800
Speaker 7: And so like, the reality is the Democratic Party is

426
00:21:33,800 --> 00:21:35,800
Speaker 7: going to have to deal with this. And I think

427
00:21:35,920 --> 00:21:37,920
Speaker 7: that's the definitional thing. I don't think it's going to

428
00:21:37,960 --> 00:21:42,200
Speaker 7: matter to Republican politics or whatnot. But like the reality is,

429
00:21:43,000 --> 00:21:44,719
Speaker 7: you know, the Democrats are going to have a hangover

430
00:21:44,840 --> 00:21:47,920
Speaker 7: tomorrow morning if he winds up being mayor of New York.

431
00:21:48,200 --> 00:21:51,280
Speaker 2: What do you think of Rick the Republican efforts to

432
00:21:51,520 --> 00:21:53,800
Speaker 2: back Andrew Cuomo at the last minute. You've got a

433
00:21:53,960 --> 00:21:57,639
Speaker 2: Steven Miller endorsement last night for the former Democratic governor.

434
00:21:57,880 --> 00:21:58,720
Speaker 3: What's going on here?

435
00:21:59,280 --> 00:21:59,440
Speaker 5: Yeah?

436
00:21:59,560 --> 00:22:01,480
Speaker 3: That'll go long way in New York City. Yeah, So

437
00:22:01,600 --> 00:22:03,440
Speaker 3: I mean, are they making it harder for Andrew Clomo?

438
00:22:03,520 --> 00:22:07,159
Speaker 7: Does seem like it's a little self aware, right, you know,

439
00:22:07,320 --> 00:22:09,359
Speaker 7: because yeah, I do think it makes it harder. I

440
00:22:09,440 --> 00:22:11,960
Speaker 7: think Donald Trump, you know, basically endorsing him at the

441
00:22:12,000 --> 00:22:14,359
Speaker 7: last minute and then saying I'm going to wreak havoc

442
00:22:14,440 --> 00:22:17,000
Speaker 7: on the people in New York, Well, that's going to

443
00:22:17,040 --> 00:22:21,040
Speaker 7: convince him that his endorsement goes somewhere. I don't know,

444
00:22:21,119 --> 00:22:23,080
Speaker 7: it doesn't make any sense to me, honestly. You know,

445
00:22:23,240 --> 00:22:26,280
Speaker 7: the campaign hack that I am. If I were Donald

446
00:22:26,320 --> 00:22:29,479
Speaker 7: Trump and Steven Miller, I would have focused on Curtis Sliwa,

447
00:22:29,760 --> 00:22:33,040
Speaker 7: the Republican you know, because those votes that he has

448
00:22:33,240 --> 00:22:36,400
Speaker 7: would go to Cuomo if they thought Cuomo could beat

449
00:22:36,440 --> 00:22:38,960
Speaker 7: this guy, and to try to get him out, you mean, absolutely,

450
00:22:39,119 --> 00:22:41,280
Speaker 7: not even get him out, just lead the votes. You know,

451
00:22:42,760 --> 00:22:44,160
Speaker 7: Curtis is in double digits.

452
00:22:44,640 --> 00:22:48,240
Speaker 3: He's he is the reason that Cuomo's not competitive. That's it,

453
00:22:48,520 --> 00:22:49,400
Speaker 3: short stop. Yeah.

454
00:22:49,680 --> 00:22:54,680
Speaker 7: And so rather than endorsing Democrats, it wouldn't be the

455
00:22:54,720 --> 00:22:56,880
Speaker 7: first Republican that Donald Trump threw under the bus.

456
00:22:57,400 --> 00:22:59,920
Speaker 2: And so I don't know why that bus isn't rolling

457
00:23:00,080 --> 00:23:02,600
Speaker 2: in the New York right now. Wow, all right, Jeanie,

458
00:23:02,640 --> 00:23:05,800
Speaker 2: where's your heart on all of this? To see Republicans

459
00:23:05,880 --> 00:23:08,720
Speaker 2: backing the former Demo. I mean, he's still a Democrat

460
00:23:08,760 --> 00:23:10,960
Speaker 2: even though he's running as an independent in this case.

461
00:23:11,880 --> 00:23:13,239
Speaker 3: What do you make of the strategy here?

462
00:23:13,280 --> 00:23:16,679
Speaker 2: And where's your heart on this idea that Zoron Mamdani

463
00:23:16,840 --> 00:23:20,320
Speaker 2: is rewriting the playbook for the Democratic Party in the midrooms.

464
00:23:21,880 --> 00:23:25,600
Speaker 11: I think we're hearing and we've heard it from many Republicans.

465
00:23:25,680 --> 00:23:27,760
Speaker 11: I think we're hearing it from our dear friend Rick

466
00:23:27,880 --> 00:23:31,359
Speaker 11: Davis right there. Their wish is to hang Mom Donnie

467
00:23:31,560 --> 00:23:34,280
Speaker 11: over the Democratic Party as.

468
00:23:34,240 --> 00:23:35,880
Speaker 3: This be all and end all.

469
00:23:36,600 --> 00:23:37,440
Speaker 5: I disagree.

470
00:23:37,720 --> 00:23:41,080
Speaker 11: I think Abigail Spenberger gets a lot of attention. I

471
00:23:41,200 --> 00:23:45,000
Speaker 11: think we have incredible Democrats across the country. Look at

472
00:23:45,040 --> 00:23:49,159
Speaker 11: what is happening in California with Governor Newsom, who's been

473
00:23:49,280 --> 00:23:52,400
Speaker 11: able to if this turns out the way polls suggests

474
00:23:52,880 --> 00:23:57,160
Speaker 11: past Prop fifty and meet Donald Trump's attempt to Jerry

475
00:23:57,240 --> 00:24:01,720
Speaker 11: Mander Texas. So there are no shortage of more moderate

476
00:24:01,840 --> 00:24:05,040
Speaker 11: Democrats in the party. And I think we have to

477
00:24:05,119 --> 00:24:08,720
Speaker 11: look at the context in which this election occurred. Had

478
00:24:08,880 --> 00:24:14,960
Speaker 11: moderate Democrats put forward a candidate who Democrats could get behind,

479
00:24:15,359 --> 00:24:19,960
Speaker 11: who had not just left the governor's office under allegations

480
00:24:20,080 --> 00:24:25,480
Speaker 11: of you know, sexual assault or impropriety in that way,

481
00:24:26,400 --> 00:24:29,639
Speaker 11: who had not left under this veil of shame as

482
00:24:29,760 --> 00:24:34,119
Speaker 11: he did, there is a chance that Mundani would not

483
00:24:34,280 --> 00:24:37,200
Speaker 11: have won that primary. But you look around New York

484
00:24:37,280 --> 00:24:40,600
Speaker 11: and find me moderate Democrats who are thrilled with the

485
00:24:40,720 --> 00:24:43,320
Speaker 11: choice of Cuomo. Those who are voting for him are

486
00:24:43,400 --> 00:24:46,520
Speaker 11: doing so out of fear of Mundani. So I don't

487
00:24:46,640 --> 00:24:50,000
Speaker 11: think this is a sort of clear choice in that

488
00:24:50,240 --> 00:24:54,119
Speaker 11: way in terms of what the Democratic Primocratic Party has become.

489
00:24:54,520 --> 00:24:57,360
Speaker 11: I do think we are seeing a lot of frustration,

490
00:24:57,520 --> 00:25:01,399
Speaker 11: and rightly so on the part of partiicularly young people,

491
00:25:01,840 --> 00:25:07,119
Speaker 11: who are saying this entire system capitalism in particular is

492
00:25:07,320 --> 00:25:08,399
Speaker 11: not working for me.

493
00:25:08,960 --> 00:25:11,480
Speaker 5: We heard Donald Trump on Sixty Minutes the other day.

494
00:25:11,800 --> 00:25:13,639
Speaker 11: He was going on and on about how great the

495
00:25:13,720 --> 00:25:16,080
Speaker 11: market is doing in four oh one k's are booming,

496
00:25:16,359 --> 00:25:18,680
Speaker 11: and when Noura and Donald said, yeah, but costs are off,

497
00:25:18,880 --> 00:25:21,520
Speaker 11: he was very confused by the idea that not everybody

498
00:25:21,640 --> 00:25:24,280
Speaker 11: is in the market and enjoying four oh one k's

499
00:25:24,320 --> 00:25:27,760
Speaker 11: that are robust. So this is what Mamdonnie has played to.

500
00:25:28,000 --> 00:25:31,640
Speaker 11: He is electric on the campaign trail, but there's electricity

501
00:25:31,680 --> 00:25:33,919
Speaker 11: in the moderate parts of the party as well well.

502
00:25:33,960 --> 00:25:35,440
Speaker 2: I guess the lights are about to go out on

503
00:25:35,480 --> 00:25:38,320
Speaker 2: the Curtis Sleewa campaign, despite as Rick mentioned him being

504
00:25:38,359 --> 00:25:40,840
Speaker 2: in the double digits, and the calls continue coming at

505
00:25:40,920 --> 00:25:42,840
Speaker 2: this late hour for him to drop out of the race,

506
00:25:42,880 --> 00:25:44,800
Speaker 2: which is bizarre because he's on the ballot either way.

507
00:25:44,880 --> 00:25:47,440
Speaker 2: This is his response from yesterday.

508
00:25:48,040 --> 00:25:50,480
Speaker 5: Even to this day. We're thirty hours away.

509
00:25:50,600 --> 00:25:51,680
Speaker 3: Oh you're going to drop out?

510
00:25:52,240 --> 00:25:55,119
Speaker 5: Are you out of your mind? Don't you listen to me?

511
00:25:55,200 --> 00:25:58,000
Speaker 5: Every day and every day the people talk.

512
00:25:57,880 --> 00:26:01,320
Speaker 12: About whether I should drop out or that Davi on montdummy,

513
00:26:01,320 --> 00:26:03,320
Speaker 12: because then he doesn't have to talk about the issues,

514
00:26:03,640 --> 00:26:09,120
Speaker 12: especially public safety, law and order, cops, things that he's

515
00:26:09,240 --> 00:26:12,399
Speaker 12: very weak on and would be vulnerable to losing a

516
00:26:12,440 --> 00:26:15,760
Speaker 12: lot of votes if we would focus on that instead

517
00:26:15,800 --> 00:26:18,400
Speaker 12: of this nonsensical every day are you going.

518
00:26:18,359 --> 00:26:19,000
Speaker 5: To drop out?

519
00:26:20,080 --> 00:26:22,560
Speaker 2: He's had a couple turns at this Rick, Is this

520
00:26:22,680 --> 00:26:25,040
Speaker 2: the last one for Curtis Leewa? First of all, I'm

521
00:26:25,040 --> 00:26:26,320
Speaker 2: glad to see the Beret is back.

522
00:26:26,600 --> 00:26:28,400
Speaker 3: It is his definition.

523
00:26:28,720 --> 00:26:33,120
Speaker 7: And look, it's never been the last hurrah for Curtis.

524
00:26:33,160 --> 00:26:37,120
Speaker 7: This is what is third race that he's run unsuccessfully. Look,

525
00:26:37,200 --> 00:26:39,439
Speaker 7: I think the Republican Party in the state of New

526
00:26:39,560 --> 00:26:41,879
Speaker 7: York really needs some soul searching, right, I mean, like

527
00:26:42,160 --> 00:26:44,920
Speaker 7: the reason we're not more competitive is because we're not

528
00:26:45,040 --> 00:26:46,320
Speaker 7: putting competitive candidates.

529
00:26:46,400 --> 00:26:47,520
Speaker 5: A Could you imagine if it.

530
00:26:47,560 --> 00:26:49,560
Speaker 7: Was a one on one with a Republican right now,

531
00:26:50,280 --> 00:26:53,520
Speaker 7: we'd be at fifty five percent. I mean, a Republican

532
00:26:53,560 --> 00:26:56,639
Speaker 7: could win in New York City against Mom Donnie. So

533
00:26:57,720 --> 00:27:00,640
Speaker 7: he's only getting forty percent of the votes. Sixty percent

534
00:27:00,680 --> 00:27:03,399
Speaker 7: of the city doesn't want him, imagine. So at some

535
00:27:03,640 --> 00:27:06,400
Speaker 7: point the party's got to realize that if they just keep,

536
00:27:06,560 --> 00:27:09,520
Speaker 7: you know, sort of whistling past the graveyard on election.

537
00:27:09,680 --> 00:27:11,800
Speaker 2: Yeah, then they're never going to win. So you need

538
00:27:11,840 --> 00:27:14,320
Speaker 2: a real candidate for the next election in New York City.

539
00:27:14,400 --> 00:27:17,159
Speaker 7: Absolutely, I start today, you know, looking at who are

540
00:27:17,160 --> 00:27:18,719
Speaker 7: you going to recruit, how are you going to train them,

541
00:27:18,800 --> 00:27:20,840
Speaker 7: how do you get them or an organization stood up.

542
00:27:21,640 --> 00:27:22,399
Speaker 5: It's not like we.

543
00:27:22,480 --> 00:27:26,720
Speaker 3: Haven't won Republican victories in New York City.

544
00:27:26,880 --> 00:27:27,080
Speaker 8: We have.

545
00:27:27,560 --> 00:27:30,600
Speaker 7: It's just it takes a good candidate, and candidate recruitment matters,

546
00:27:30,680 --> 00:27:32,240
Speaker 7: and this party has not been doing it.

547
00:27:32,280 --> 00:27:34,280
Speaker 3: It's really something, Genie.

548
00:27:34,280 --> 00:27:36,359
Speaker 2: I don't know what's going to happen to Curtis Lewa

549
00:27:36,520 --> 00:27:39,840
Speaker 2: or or the feline vote for that matter, but what

550
00:27:40,000 --> 00:27:43,639
Speaker 2: if Zorn Mandani was running against a moderate Republican in

551
00:27:43,720 --> 00:27:45,359
Speaker 2: New York would this be shut down already?

552
00:27:46,680 --> 00:27:47,040
Speaker 4: It would?

553
00:27:47,080 --> 00:27:49,280
Speaker 11: And I think you're hearing a similar It could be.

554
00:27:49,400 --> 00:27:51,400
Speaker 11: I don't wouldn't say it would, but I think you're

555
00:27:51,440 --> 00:27:54,520
Speaker 11: hearing a similar story on both sides, and it's reflected

556
00:27:54,560 --> 00:27:58,440
Speaker 11: in the polling. People are angry at the establishment parts

557
00:27:58,480 --> 00:28:01,040
Speaker 11: of these parties, not just in New York City or

558
00:28:01,080 --> 00:28:04,560
Speaker 11: New York State, but across the country. The Democrat and

559
00:28:04,680 --> 00:28:09,119
Speaker 11: Republicans are underwater in terms of approval. People are holding

560
00:28:09,200 --> 00:28:12,639
Speaker 11: their nose as they go to the polls. And so imagine,

561
00:28:12,840 --> 00:28:15,560
Speaker 11: to Rick's point, had the Republicans put up a candidate

562
00:28:15,600 --> 00:28:19,920
Speaker 11: who was competitive, likewise, had the moderate Democrats done that.

563
00:28:20,560 --> 00:28:22,960
Speaker 11: You know, Zaura Mundani will tell you himself. He was

564
00:28:23,000 --> 00:28:25,800
Speaker 11: at one percent in the polls when this primary started.

565
00:28:26,119 --> 00:28:29,680
Speaker 11: But people were being asked to support somebody who left

566
00:28:29,800 --> 00:28:33,919
Speaker 11: the governorship under shame and who has a long record

567
00:28:34,240 --> 00:28:37,800
Speaker 11: that is highly controversial. And I don't think, at least

568
00:28:37,840 --> 00:28:41,400
Speaker 11: in this short time period moderates in the primary were

569
00:28:41,880 --> 00:28:43,880
Speaker 11: excited to go to the polls and support him, and

570
00:28:44,000 --> 00:28:44,720
Speaker 11: they stayed home.

571
00:28:44,800 --> 00:28:46,160
Speaker 5: And here we have Mundani.

572
00:28:46,480 --> 00:28:49,240
Speaker 11: And so I think the establishments on both sides have

573
00:28:49,400 --> 00:28:52,000
Speaker 11: to take a look at who they are putting forward

574
00:28:52,080 --> 00:28:52,960
Speaker 11: and who they want to be.

575
00:28:53,400 --> 00:28:55,600
Speaker 2: Just thirty seconds, Rick poles close in New York City,

576
00:28:55,680 --> 00:28:56,360
Speaker 2: nine o'clock to night.

577
00:28:56,440 --> 00:28:58,560
Speaker 3: Is this an early call with the numbers we're seeing, Yeah,

578
00:28:58,560 --> 00:28:58,920
Speaker 3: it could be.

579
00:28:59,080 --> 00:29:01,760
Speaker 7: I mean, you know, all the energy I'm saying on

580
00:29:02,000 --> 00:29:05,760
Speaker 7: turnout models here is that it's you know, stewing lower

581
00:29:06,360 --> 00:29:09,719
Speaker 7: on the age level and very democratic. So that's probably

582
00:29:09,800 --> 00:29:12,480
Speaker 7: going to be beneficial to Mom Donnie. So yeah, I

583
00:29:12,480 --> 00:29:14,520
Speaker 7: think there'll be an early call in New York. And

584
00:29:14,760 --> 00:29:16,840
Speaker 7: I must say, the one person who's probably more worried

585
00:29:16,840 --> 00:29:20,000
Speaker 7: about a Mom Donnie victory is the Governor Kathy Hochel,

586
00:29:20,320 --> 00:29:22,920
Speaker 7: because you know Elis Saphonik is going to make him

587
00:29:23,200 --> 00:29:23,920
Speaker 7: her deputy.

588
00:29:24,240 --> 00:29:25,680
Speaker 3: Fascinating boy.

589
00:29:25,800 --> 00:29:28,000
Speaker 2: All right, we're just getting rolling here on election Day

590
00:29:28,040 --> 00:29:29,360
Speaker 2: with Rick Davis and Jeanie Shanza.

591
00:29:29,680 --> 00:29:31,760
Speaker 3: Stay with us on Balance of Power. We'll have much

592
00:29:31,840 --> 00:29:32,920
Speaker 3: more coming up after this.

593
00:29:37,280 --> 00:29:40,760
Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch

594
00:29:40,840 --> 00:29:43,880
Speaker 1: us live weekdays at noon and five pm Eastern on

595
00:29:44,000 --> 00:29:47,200
Speaker 1: Apple Cockway and Android Auto with the Bloomberg Business App.

596
00:29:47,280 --> 00:29:50,280
Speaker 1: You can also listen live on Amazon Alexa from our

597
00:29:50,360 --> 00:29:54,840
Speaker 1: flagship New York station, Just Say Alexa played Bloomberg eleven thirty.

598
00:29:56,360 --> 00:29:59,280
Speaker 3: Thank you for joining us on election Day in America.

599
00:29:59,400 --> 00:29:59,920
Speaker 3: We have so far.

600
00:30:00,200 --> 00:30:03,720
Speaker 2: This hour brought you to Manhattan, brought you to New Jersey, California.

601
00:30:04,160 --> 00:30:05,920
Speaker 3: Now we go to the Old Dominion and the great

602
00:30:05,960 --> 00:30:06,840
Speaker 3: state of Virginia.

603
00:30:07,000 --> 00:30:10,360
Speaker 2: Really looking forward to our conversation with Terry mccaulliff, the

604
00:30:10,360 --> 00:30:12,560
Speaker 2: former governor. Someone who has been there is about to

605
00:30:12,680 --> 00:30:14,880
Speaker 2: join us here as we set the table with Bloomberg's

606
00:30:14,880 --> 00:30:19,160
Speaker 2: Greg Durou Bloomberg Government, which incidentally is in northern Virginia.

607
00:30:19,280 --> 00:30:21,040
Speaker 2: So let's get on with it. Greg, it's great to

608
00:30:21,080 --> 00:30:23,280
Speaker 2: see a happy election day. We couldn't do an election

609
00:30:23,840 --> 00:30:24,280
Speaker 2: without you.

610
00:30:24,400 --> 00:30:24,560
Speaker 5: Here.

611
00:30:25,120 --> 00:30:27,480
Speaker 2: We talked about how close the race appears to be

612
00:30:27,760 --> 00:30:30,200
Speaker 2: in New Jersey a short time ago. We've talked about

613
00:30:30,240 --> 00:30:34,479
Speaker 2: the blowout that's expected for Zoran Mamdani in Manhattan. How

614
00:30:34,520 --> 00:30:37,800
Speaker 2: about the gubernatorial race in Virginia, where there have been

615
00:30:37,880 --> 00:30:40,760
Speaker 2: big questions about candidate quality on the Republican side and

616
00:30:40,840 --> 00:30:43,640
Speaker 2: what many are framing as a layup for Abigail Spanberger.

617
00:30:44,720 --> 00:30:47,520
Speaker 13: Yeah, it does seem like poles indicate that Abigail Spanberger,

618
00:30:47,560 --> 00:30:50,920
Speaker 13: the former congresswoman, is going to win and probably win

619
00:30:51,200 --> 00:30:54,360
Speaker 13: decisively in the race for governor, which would extend a

620
00:30:54,480 --> 00:30:58,280
Speaker 13: pattern in Virginia governor's elections of the party that usually

621
00:30:58,360 --> 00:31:01,520
Speaker 13: wins is usually the party opposite the White House, so

622
00:31:01,600 --> 00:31:04,840
Speaker 13: it gets a lot of outsized attention for that. We

623
00:31:04,920 --> 00:31:06,760
Speaker 13: see that New Jersey as well, though the pattern is

624
00:31:06,840 --> 00:31:12,640
Speaker 13: not as clear. But yeah, Abigail Spanberger seems to be

625
00:31:13,120 --> 00:31:16,400
Speaker 13: on pace to win this and win this by decent margin.

626
00:31:16,680 --> 00:31:18,880
Speaker 13: I think a big question will be is her victory

627
00:31:18,920 --> 00:31:23,160
Speaker 13: strong enough to pull the down ballot Democrats for lieutenant

628
00:31:23,200 --> 00:31:25,880
Speaker 13: governor and state attorney general along with her, And to

629
00:31:25,960 --> 00:31:29,920
Speaker 13: what extent her coattails can boost the State House of

630
00:31:30,000 --> 00:31:33,080
Speaker 13: Delegates Democratic majority, which is now just fifty one to

631
00:31:33,200 --> 00:31:37,840
Speaker 13: forty eight. Democrats are seeking an expanded majority in the

632
00:31:37,920 --> 00:31:41,120
Speaker 13: state House not only to help shape state policy the

633
00:31:41,160 --> 00:31:44,040
Speaker 13: next two years, but because they also want to redraw

634
00:31:44,120 --> 00:31:47,440
Speaker 13: congressional district lines in Virginia and they would need democratic

635
00:31:47,480 --> 00:31:48,080
Speaker 13: government to do that.

636
00:31:48,280 --> 00:31:51,080
Speaker 2: That attorney general race in Virginia is an interesting one.

637
00:31:51,160 --> 00:31:53,560
Speaker 2: Jay Jones, the Democrat who was and when I drive

638
00:31:53,640 --> 00:31:56,000
Speaker 2: through my neighborhood, I see his name on signs with

639
00:31:56,160 --> 00:32:00,239
Speaker 2: Abigail Spanberger and of course was caught a scan over

640
00:32:00,360 --> 00:32:03,280
Speaker 2: text messages in which he was wishing violence political violence

641
00:32:03,800 --> 00:32:08,920
Speaker 2: upon an opponent. Republicans. His challenger, Jason Miares, have seized

642
00:32:08,960 --> 00:32:11,800
Speaker 2: on this. To what extent could this be an issue

643
00:32:11,840 --> 00:32:14,880
Speaker 2: for Democrats And does Abigail Spanberger need to get him

644
00:32:14,920 --> 00:32:15,600
Speaker 2: elected tonight?

645
00:32:17,360 --> 00:32:17,560
Speaker 3: Yeah?

646
00:32:17,640 --> 00:32:20,840
Speaker 13: I mean, I think the margin for Spanburger maybe kind

647
00:32:20,880 --> 00:32:23,840
Speaker 13: of decisive and determining whether she can pull Jay Jones

648
00:32:23,880 --> 00:32:25,840
Speaker 13: over the line. Obviously the bigger the margin for her.

649
00:32:25,920 --> 00:32:29,720
Speaker 13: I think the chances that Jones can weather this increase,

650
00:32:29,800 --> 00:32:36,320
Speaker 13: although polling indicates that certainly this texting issue, this scandal

651
00:32:36,360 --> 00:32:39,320
Speaker 13: from three years ago when he sent those violent text messages,

652
00:32:39,360 --> 00:32:42,720
Speaker 13: has really hurt his campaign and Paul's show pretty close

653
00:32:42,800 --> 00:32:45,640
Speaker 13: race between him and the Republican income at Jason Miarez.

654
00:32:46,480 --> 00:32:50,440
Speaker 13: In these three races in Virginia every four years in

655
00:32:50,520 --> 00:32:53,800
Speaker 13: the year after the presidential election, governor, lieutenant governor, an

656
00:32:53,800 --> 00:32:56,160
Speaker 13: attorney general more often than not tend to go the

657
00:32:56,240 --> 00:32:59,000
Speaker 13: same way, but this may be a rare instance where

658
00:32:59,000 --> 00:33:02,520
Speaker 13: they do not. Think Spamberger's margin will be interesting to

659
00:33:02,600 --> 00:33:06,920
Speaker 13: watch tonight and to what extent how far the drop

660
00:33:07,000 --> 00:33:10,240
Speaker 13: off is for Jay Jones versus Spamburger's margins.

661
00:33:10,520 --> 00:33:13,000
Speaker 2: Yeah, great to have you back as always, Greg Duo.

662
00:33:13,120 --> 00:33:16,080
Speaker 2: Look for his work covering the election on the terminal

663
00:33:16,200 --> 00:33:18,680
Speaker 2: and online. The former governor is with us now as well.

664
00:33:18,760 --> 00:33:21,320
Speaker 2: No stranger to Barack Obama. Terry McCall, a former governor

665
00:33:21,360 --> 00:33:24,840
Speaker 2: of Virginia former chair of the Democratic National Committee, is

666
00:33:24,880 --> 00:33:27,240
Speaker 2: with us live from the Old Dominion and Governor.

667
00:33:27,320 --> 00:33:28,000
Speaker 3: It's great to see you.

668
00:33:28,040 --> 00:33:31,560
Speaker 2: I really appreciate your time today on Bloomberg TV and radio.

669
00:33:31,760 --> 00:33:34,760
Speaker 2: I'm curious your thoughts on the shutdown now thirty five

670
00:33:34,920 --> 00:33:38,240
Speaker 2: days old, impacting decisions in this election, with so many

671
00:33:38,320 --> 00:33:41,600
Speaker 2: federal workers who have been furloughed now for over a month.

672
00:33:42,080 --> 00:33:44,520
Speaker 2: Does that help Abigail Spanberger in the end?

673
00:33:45,280 --> 00:33:49,120
Speaker 14: Absolutely, Republicans rightful air being blamed for the shutdown. When

674
00:33:49,120 --> 00:33:52,120
Speaker 14: I ran for governor in thirteen, Republicans also had a

675
00:33:52,120 --> 00:33:54,840
Speaker 14: shutdown there. I went up ten points in the polls.

676
00:33:55,440 --> 00:33:57,640
Speaker 14: They rightful or blame in the Republicans. We have five

677
00:33:57,840 --> 00:34:01,640
Speaker 14: hundred thousand federal workers of any state in America. Maryland

678
00:34:01,720 --> 00:34:04,520
Speaker 14: is right behind us, and we have a President Donald

679
00:34:04,520 --> 00:34:06,560
Speaker 14: Trump who's now saying, well, I'm not sure we're going

680
00:34:06,640 --> 00:34:09,040
Speaker 14: to pay those people back for the time that they've worked.

681
00:34:09,400 --> 00:34:13,040
Speaker 14: So this is a perfect storm for Donald Trump this year.

682
00:34:13,080 --> 00:34:15,640
Speaker 14: In these elections, we're gonna win big in Virginia. We're

683
00:34:15,640 --> 00:34:18,040
Speaker 14: gonna sweep the state wides. I think we may get

684
00:34:18,080 --> 00:34:21,720
Speaker 14: to sixty House of Delegate seats. But ever since Donald

685
00:34:21,760 --> 00:34:25,480
Speaker 14: Trump has come into office, Joe, our economy has been decimated.

686
00:34:25,800 --> 00:34:28,840
Speaker 14: Our third quarter GDP went from six to one point seven.

687
00:34:29,280 --> 00:34:32,520
Speaker 14: Seven straight months unemployment has gone up. We have had

688
00:34:32,560 --> 00:34:36,680
Speaker 14: the doze cuts, the federal contract cuts, now a shutdown.

689
00:34:37,040 --> 00:34:41,520
Speaker 14: We've seen three rural health centers closed. Trump has been

690
00:34:41,560 --> 00:34:44,640
Speaker 14: a disaster for Virginia. This is a lot like twenty

691
00:34:44,719 --> 00:34:47,520
Speaker 14: seventeen when Trump won. In sixteen, we won the governorship

692
00:34:47,600 --> 00:34:50,720
Speaker 14: by nine nine and a half points. It's turbo charged

693
00:34:50,800 --> 00:34:53,960
Speaker 14: this year because it comes down to affordability. People paying

694
00:34:54,000 --> 00:34:57,040
Speaker 14: more for groceries, they're paying more for energy, and now

695
00:34:57,280 --> 00:34:59,880
Speaker 14: because of the big ugly bill, they're paying more for healthcare.

696
00:35:00,200 --> 00:35:01,920
Speaker 14: So it's going to be a big night, not only here,

697
00:35:02,280 --> 00:35:05,520
Speaker 14: also in New Jersey, also in California, also in New York.

698
00:35:05,600 --> 00:35:07,239
Speaker 2: I'd actually love to get your take on some of

699
00:35:07,239 --> 00:35:09,160
Speaker 2: the other states as someone who helped to run the

700
00:35:09,280 --> 00:35:11,160
Speaker 2: party or did run the party at one point. But

701
00:35:11,239 --> 00:35:13,919
Speaker 2: when it comes to Virginia, there have been questions about

702
00:35:13,960 --> 00:35:17,160
Speaker 2: candidate quality on the Republican side. Governor Donald Trump held

703
00:35:17,200 --> 00:35:19,080
Speaker 2: a tell A rally for win some earl seers last

704
00:35:19,120 --> 00:35:23,200
Speaker 2: night and never actually mentioned her name. What do you

705
00:35:23,360 --> 00:35:25,840
Speaker 2: make of Republican selection in this case? Would you have

706
00:35:25,920 --> 00:35:27,520
Speaker 2: a harder race against someone else?

707
00:35:30,200 --> 00:35:33,200
Speaker 14: Yeah, I mean it's a ticket hard to make up,

708
00:35:34,000 --> 00:35:37,360
Speaker 14: A very erratic ticket. The lieutenant governor who's now running

709
00:35:37,360 --> 00:35:40,680
Speaker 14: for governor thorrow win some sears, has very erratic, has

710
00:35:40,760 --> 00:35:43,239
Speaker 14: not talked at all about the economy. You know one

711
00:35:43,280 --> 00:35:46,000
Speaker 14: other president Ran said it's the economy stupid, Well it

712
00:35:46,160 --> 00:35:49,640
Speaker 14: is again this time. And she has not talked about

713
00:35:49,680 --> 00:35:52,360
Speaker 14: the academy. You have a lieutenant governor Republican candif for

714
00:35:52,440 --> 00:35:55,160
Speaker 14: lieutenant governor who has had a whole slew of issues

715
00:35:55,560 --> 00:35:57,960
Speaker 14: and they've had no money. So it's really a perfect

716
00:35:58,000 --> 00:36:02,080
Speaker 14: storm and our canon we got great candidates. Abigail I've

717
00:36:02,120 --> 00:36:05,000
Speaker 14: known Abigail for years, been great member of Congress. She

718
00:36:05,120 --> 00:36:10,480
Speaker 14: will focus on job creation, healthcare, education funding, and you know, Joe,

719
00:36:10,520 --> 00:36:12,839
Speaker 14: at the end of the day, that's what voters want,

720
00:36:12,920 --> 00:36:16,160
Speaker 14: and that's what they really want with their state elected officials. Remember,

721
00:36:16,280 --> 00:36:18,560
Speaker 14: we build your roads, we run your healthcare, we run

722
00:36:18,600 --> 00:36:21,759
Speaker 14: your education, and they just want all this bickering that

723
00:36:21,880 --> 00:36:24,640
Speaker 14: goes on to stop. They want results, and that's what

724
00:36:24,719 --> 00:36:27,160
Speaker 14: you're going to get with Abigail and Hashman. You're going

725
00:36:27,200 --> 00:36:29,640
Speaker 14: to get it with our Attorney General Jay Jones, and

726
00:36:29,719 --> 00:36:30,520
Speaker 14: that's what people want.

727
00:36:30,600 --> 00:36:32,360
Speaker 4: You're going to get. It's going to be a historic

728
00:36:32,480 --> 00:36:33,320
Speaker 4: win tonight.

729
00:36:33,400 --> 00:36:35,880
Speaker 14: And I should say, the first woman governor in the

730
00:36:36,160 --> 00:36:37,720
Speaker 14: history of the Commonwealth of Virginia.

731
00:36:38,000 --> 00:36:39,760
Speaker 4: We're actually going to be able to elect tonight.

732
00:36:39,920 --> 00:36:40,840
Speaker 3: You mentioned Jay Jones.

733
00:36:40,840 --> 00:36:42,960
Speaker 2: I have to ask you about his campaign as we

734
00:36:43,040 --> 00:36:45,560
Speaker 2: were just discussing with Greg Duro. Are you concerned about

735
00:36:45,560 --> 00:36:48,040
Speaker 2: this text message scandal. We hear about it a lot

736
00:36:48,560 --> 00:36:51,440
Speaker 2: in an age when political violence is a real concern.

737
00:36:51,520 --> 00:36:54,560
Speaker 2: Do you wish that he came out and apologized and

738
00:36:54,760 --> 00:36:56,520
Speaker 2: was more deliberate in that effort.

739
00:36:58,680 --> 00:37:00,279
Speaker 14: Yeah, well, Joe, he did come out right away and

740
00:37:00,320 --> 00:37:04,040
Speaker 14: apologize ad Horde comments. I mean, nobody should talk about

741
00:37:04,120 --> 00:37:05,000
Speaker 14: political violence.

742
00:37:05,440 --> 00:37:07,120
Speaker 4: You know, I hated it. You know I didn't like

743
00:37:07,200 --> 00:37:08,520
Speaker 4: it when Donald Trump came out.

744
00:37:08,440 --> 00:37:10,239
Speaker 14: And said I could shoot someone on Fifth Ave and

745
00:37:10,320 --> 00:37:12,600
Speaker 14: people will still vote for me. There is no place

746
00:37:12,680 --> 00:37:14,920
Speaker 14: for that today. But I have personally known Jay for

747
00:37:14,960 --> 00:37:17,840
Speaker 14: a long time. I knew his father, who recently passed,

748
00:37:17,960 --> 00:37:20,120
Speaker 14: was a well known judge down in Hampton Roads. His

749
00:37:20,320 --> 00:37:23,600
Speaker 14: mother was a judge. His grandfather was a great civil

750
00:37:23,800 --> 00:37:27,520
Speaker 14: rights attorney. So I know Jay's background. He will be

751
00:37:27,560 --> 00:37:31,359
Speaker 14: a great attorney general. Here's the key point, very important, Joe.

752
00:37:31,880 --> 00:37:34,560
Speaker 14: So you have Jason Maris the Republican for Attorney General

753
00:37:34,719 --> 00:37:37,480
Speaker 14: who is in lockstep with Donald Trump. He should have

754
00:37:37,600 --> 00:37:40,800
Speaker 14: sued Donald Trump the administration on the Doze cuts. He

755
00:37:40,880 --> 00:37:43,200
Speaker 14: should have sued on all these federal contracts that we

756
00:37:43,360 --> 00:37:46,239
Speaker 14: lost here in Virginia. So you now have now one

757
00:37:46,320 --> 00:37:49,600
Speaker 14: Republican in Virginia in the last ten months who's come

758
00:37:49,640 --> 00:37:53,440
Speaker 14: out to defend Virginians, to support Virginians.

759
00:37:53,680 --> 00:37:55,919
Speaker 4: But no, all they want to do is support Donald Trump.

760
00:37:56,239 --> 00:38:00,560
Speaker 14: And our economy is anemic and Governor elect to Abigail

761
00:38:00,600 --> 00:38:02,719
Speaker 14: Spanberger tomorrow, she's going to have to deal with a

762
00:38:02,920 --> 00:38:06,560
Speaker 14: crisis in our healthcare, in jobs, all because of Donald

763
00:38:06,600 --> 00:38:09,359
Speaker 14: Trump and the Republicans in Virginia who have been too

764
00:38:09,480 --> 00:38:12,400
Speaker 14: scared to stand up for the people who they should

765
00:38:12,440 --> 00:38:13,400
Speaker 14: have been representing.

766
00:38:13,600 --> 00:38:16,279
Speaker 2: Donald Trump has invoked energy as a major issue in

767
00:38:16,320 --> 00:38:18,200
Speaker 2: the campaign, and of course it speaks to costs and

768
00:38:18,280 --> 00:38:21,399
Speaker 2: prices across the board. He said, if affordability is your issue,

769
00:38:21,440 --> 00:38:24,920
Speaker 2: this is untrue. Social vote Republican energy costs and as

770
00:38:24,960 --> 00:38:27,280
Speaker 2: an example, we're plummeting close to two dollars.

771
00:38:27,080 --> 00:38:28,000
Speaker 3: A gallon gasoline.

772
00:38:28,040 --> 00:38:30,960
Speaker 2: When energy goes down, everything else follows, and it has

773
00:38:31,080 --> 00:38:33,560
Speaker 2: I guess my question for you governor is with the

774
00:38:34,000 --> 00:38:37,239
Speaker 2: data center capital of the world in Virginia and more

775
00:38:37,360 --> 00:38:40,520
Speaker 2: data centers coming, is it possible for a Democrat or

776
00:38:40,600 --> 00:38:44,040
Speaker 2: a Republican to promise to control energy costs when we

777
00:38:44,120 --> 00:38:47,239
Speaker 2: see such demand for energy in high tech.

778
00:38:49,640 --> 00:38:52,239
Speaker 14: Yeah, very good question. When I was governor, there are

779
00:38:52,239 --> 00:38:53,320
Speaker 14: lot of data centers, you know.

780
00:38:53,400 --> 00:38:55,480
Speaker 4: I was very proud. I was a job's governor.

781
00:38:55,719 --> 00:38:58,600
Speaker 14: I recruited twenty one hundred companies, two hundred and ten

782
00:38:58,640 --> 00:39:01,760
Speaker 14: thousand new jobs. I brought Virginia. I did the Amazon

783
00:39:01,880 --> 00:39:04,160
Speaker 14: deal and a bunch of other big deals. But in

784
00:39:04,320 --> 00:39:07,279
Speaker 14: order to do those deals, Joe, you need energy. If

785
00:39:07,280 --> 00:39:09,040
Speaker 14: you're going to bring in those high tech companies, you

786
00:39:09,160 --> 00:39:11,160
Speaker 14: need to put ablem with energy. So I come from

787
00:39:11,200 --> 00:39:13,239
Speaker 14: a place as a Democrat, have been very vocal. I'm

788
00:39:13,280 --> 00:39:16,080
Speaker 14: for all of the above. I did the largest offshore

789
00:39:16,160 --> 00:39:19,719
Speaker 14: wind project utility in American history off the shores of

790
00:39:19,800 --> 00:39:20,399
Speaker 14: Virginia Beach.

791
00:39:20,760 --> 00:39:23,520
Speaker 4: I did solar panels, but I was all for natural gas.

792
00:39:24,040 --> 00:39:27,320
Speaker 14: I lost two gigantic manufacturing projects, so I could have

793
00:39:27,320 --> 00:39:30,920
Speaker 14: brought to Southwest Virginia, but Dominion could not commit to

794
00:39:31,000 --> 00:39:33,640
Speaker 14: me the long term energy contract. So if we're going

795
00:39:33,719 --> 00:39:36,400
Speaker 14: to grow our economy. We as Democrats, we got to

796
00:39:36,480 --> 00:39:38,600
Speaker 14: be for all of the above. I couldn't agree more.

797
00:39:38,880 --> 00:39:41,480
Speaker 14: I'm all for renewables, but let's make sure that we

798
00:39:41,719 --> 00:39:44,600
Speaker 14: have everything in place so that we can grow jobs.

799
00:39:44,680 --> 00:39:47,680
Speaker 14: We can grow manufacturing, and that's what the Democrats need

800
00:39:47,760 --> 00:39:50,080
Speaker 14: to be talking about all of the above, and let's

801
00:39:50,120 --> 00:39:52,000
Speaker 14: do everything we can to grow our economy.

802
00:39:52,160 --> 00:39:53,839
Speaker 2: This is going to turn out to be a much

803
00:39:53,920 --> 00:39:57,480
Speaker 2: more pronounced conversation, Governor that I'd love to continue with

804
00:39:57,600 --> 00:39:58,800
Speaker 2: you even beyond the election.

805
00:39:58,920 --> 00:40:01,440
Speaker 3: But give us your view now here you ran the DNC.

806
00:40:01,760 --> 00:40:04,440
Speaker 2: Frank Luntz told us last evening on Balance of Power

807
00:40:04,920 --> 00:40:09,040
Speaker 2: that Democrats will sweep tonight. That also includes gubernatorial in

808
00:40:09,120 --> 00:40:13,040
Speaker 2: New Jersey and Prop fifty in California. You obviously agree

809
00:40:13,080 --> 00:40:15,080
Speaker 2: with him. I'm guessing because it looks pretty close in

810
00:40:15,160 --> 00:40:15,960
Speaker 2: New Jersey today.

811
00:40:18,520 --> 00:40:21,360
Speaker 4: Yeah. I listen, you know, and play this tomorrow. I

812
00:40:21,400 --> 00:40:22,040
Speaker 4: hope you put it on.

813
00:40:22,280 --> 00:40:22,440
Speaker 11: Joe.

814
00:40:22,640 --> 00:40:26,080
Speaker 14: I think Mikey probably wins by five to six. You know,

815
00:40:26,280 --> 00:40:28,200
Speaker 14: great went to the US Naval Academy.

816
00:40:28,280 --> 00:40:28,759
Speaker 4: I love her.

817
00:40:28,840 --> 00:40:32,120
Speaker 14: I've known a long time. Her husband Naval Academy captain

818
00:40:32,120 --> 00:40:34,000
Speaker 14: of the rugby team. My son was captain of the

819
00:40:34,120 --> 00:40:37,120
Speaker 14: Navy rugby team. So I love Mikey Cheryl, I love

820
00:40:37,160 --> 00:40:40,759
Speaker 14: Abigail I worked with as governor. I think Abigail Ralph

821
00:40:40,840 --> 00:40:43,879
Speaker 14: won by nine and twenty seventeen. I think Abigail could

822
00:40:43,920 --> 00:40:47,200
Speaker 14: go nine to twelve sixty. House of Delegates, Joe, you

823
00:40:47,320 --> 00:40:49,879
Speaker 14: heard it here. You play this back tomorrow, fifty nine

824
00:40:49,920 --> 00:40:52,600
Speaker 14: to sixty. It's a historic win for us, and we

825
00:40:52,719 --> 00:40:56,000
Speaker 14: could win the California prop two to one. That's a possibility,

826
00:40:56,040 --> 00:40:58,160
Speaker 14: two to one, and huge win in New York, so

827
00:40:58,520 --> 00:41:01,920
Speaker 14: we sweep the board. Please play this tomorrow, and he

828
00:41:02,239 --> 00:41:04,080
Speaker 14: either I look like a great suits or.

829
00:41:04,160 --> 00:41:06,680
Speaker 4: I'm one of the biggest fools in the American politics.

830
00:41:06,800 --> 00:41:10,160
Speaker 3: That's some confidence, I'm just telling you. Yeah.

831
00:41:11,360 --> 00:41:14,560
Speaker 14: But the dynamics of Donald Trump, he is minus he's

832
00:41:14,600 --> 00:41:16,640
Speaker 14: at you know, you've saw the polls. He's the lowest

833
00:41:16,680 --> 00:41:20,160
Speaker 14: of any president in American history. In Virginia, he's minus

834
00:41:20,280 --> 00:41:24,920
Speaker 14: fifteen points. He has destroyed our economy, soybean farmers because

835
00:41:24,960 --> 00:41:28,640
Speaker 14: of the tariffs. They're going bankrupt. Rural voters in Virginia,

836
00:41:28,760 --> 00:41:32,440
Speaker 14: farmers going bankrupt because of Donald Trump. And it's just

837
00:41:32,600 --> 00:41:36,280
Speaker 14: shocking to me that nobody now one Republican will stand

838
00:41:36,360 --> 00:41:38,840
Speaker 14: up and say, mister President, you are wrong. This is

839
00:41:38,960 --> 00:41:43,000
Speaker 14: hurting our economy. Let show political courage, get up and

840
00:41:43,160 --> 00:41:46,240
Speaker 14: do what's right. I'm all about jobs. I'm a jobs governor,

841
00:41:46,560 --> 00:41:48,880
Speaker 14: and we need someone in that White House who's focused

842
00:41:48,880 --> 00:41:52,719
Speaker 14: on people's jobs, their healthcare, keeping energy prices low, keeping

843
00:41:52,800 --> 00:41:56,320
Speaker 14: grocery prices low. So big night for est Joe tomorrow.

844
00:41:56,640 --> 00:41:59,080
Speaker 14: I want this thing replayed tomorrow at one o'clock.

845
00:41:58,840 --> 00:42:01,840
Speaker 3: A right producer James has assignment. You're making his job easier.

846
00:42:02,000 --> 00:42:05,000
Speaker 2: Governor Terry mccalliff, thank you for being here live on

847
00:42:05,080 --> 00:42:08,360
Speaker 2: Bloomberg TV and Radio on election day in Virginia and

848
00:42:08,440 --> 00:42:09,200
Speaker 2: across the country.

849
00:42:09,280 --> 00:42:11,080
Speaker 3: Or appreciate your insights and we will see.

850
00:42:11,280 --> 00:42:13,640
Speaker 2: Let's see if mikey Cheryl pulls out five or six points,

851
00:42:13,680 --> 00:42:15,680
Speaker 2: and we'll place some of that tape back tomorrow with

852
00:42:15,840 --> 00:42:18,520
Speaker 2: Terry mccaulliff. Great conversations across the board, and I want

853
00:42:18,560 --> 00:42:19,520
Speaker 2: to thank everybody.

854
00:42:19,200 --> 00:42:21,040
Speaker 3: For being part of it. Thanks for listening to the

855
00:42:21,120 --> 00:42:22,560
Speaker 3: Balance of Power podcast.

856
00:42:23,200 --> 00:42:26,320
Speaker 2: Make sure to subscribe if you haven't already, at Apple, Spotify,

857
00:42:26,440 --> 00:42:29,000
Speaker 2: or wherever you get your podcasts, and you can find

858
00:42:29,080 --> 00:42:32,320
Speaker 2: us live every weekday from Washington DC at noontime, Eastern

859
00:42:32,600 --> 00:42:33,799
Speaker 2: at Bloomberg dot com.