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Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us

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Speaker 1: live weekdays at one Eastern.

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Speaker 2: On Bloomberg dot com, the iHeartRadio app, and the Bloomberg

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Speaker 2: Business app.

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Speaker 1: Or listen on demand wherever you get your podcasts.

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Speaker 3: There is no rest for the weary. Two breaking news

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Speaker 3: headlines on the terminal this morning. Donald Trump's trial date

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Speaker 3: set for August fourteen. Now the classified documents case. What

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Speaker 3: is that week and a half before the first debate

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Speaker 3: and Hunter Biden now charged with two counts of tax

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Speaker 3: evasion and a plea deal announced just hours ago. This,

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Speaker 3: of course, is occupying Washington, DC to the extent that

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Speaker 3: we just heard from the Speaker of the House on this,

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Speaker 3: Kevin McCarthy asked in the hallway about the idea of

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Speaker 3: a plea deal here, and you might be able to

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Speaker 3: predict what he said.

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Speaker 4: It continues to show the chee chier system in America.

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Speaker 4: If you are the president's leading political opponent, the DJ

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Speaker 4: Trason literally puts you in jail, give me prison time.

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Speaker 4: You are the President's son to get a sweet heart.

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Speaker 5: The MP.

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Speaker 6: Now, this does nothing to our.

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Speaker 4: Investigation, and it actually should enhance our investigation because the

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Speaker 4: DOJ should not be able to withhold any information now,

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Speaker 4: saying that because of pending investigation, they should be able

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Speaker 4: to provide Chairman Comber with any information that he requires.

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Speaker 3: Of course, Chairman Comber there he's referring to Congressman Jim Comer,

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Speaker 3: who is chair of the Oversight Committee already investigating Hunter Biden.

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Speaker 3: And we want to talk to Mick Maulvaney, of course,

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Speaker 3: the former acting chief of staff the Trump White House,

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Speaker 3: former congressman, co founder the Freedom Caucus, and former director

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Speaker 3: of OMB. He joins us each week at this time.

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Speaker 3: And Mick, we're glad you're here because boy, I'm guessing

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Speaker 3: that your eyes were caught by these headlines both emerging

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Speaker 3: today as well. Do you see this as a two

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Speaker 3: tier system the way Speaker McCarthy indicated this morning, in

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Speaker 3: which Hunter Biden gets a plea deal and Donald Trump,

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Speaker 3: as he says, they're trying to put him in jail.

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Speaker 7: See Joe, you and I try and take one day

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Speaker 7: off and the whole world falls apart. So two tiers,

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Speaker 7: I think it remains to be seen. Certainly that is

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Speaker 7: going to be part of the discussion. Anything short of

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Speaker 7: a felony indictment of Hunter Biden was going to be

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Speaker 7: interpreted by some folks as to tier. I think it

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Speaker 7: remains to be seen as to what in what are

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Speaker 7: the facts, what was the circumstance behind Hunter Biden's tax issues.

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Speaker 7: Now that the German combers made a really good point,

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Speaker 7: which is now that we are either at the end

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Speaker 7: or moving speedily to the end of the investigation of

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Speaker 7: Hunter Biden, then the Department of Justice no longer has

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Speaker 7: an excuse not to share information with Congress. So as

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Speaker 7: between both the public hearing on the Plea deal and

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Speaker 7: the congressional investigation, my guess is we'll see a lot

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Speaker 7: more about Hunter Biden than we know right now, and

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Speaker 7: only then will you be able to sort of have

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Speaker 7: an informed opinion as to a two different tiers of

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Speaker 7: justice in this country.

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Speaker 3: Does this, I guess quiet the voices of concern who

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Speaker 3: thought Hunter Biden was never going to be acknowledged here

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Speaker 3: in Washington, that this would never actually become.

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Speaker 7: A case, yeah, a little bit. In fact, I had

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Speaker 7: some conversations with some of my friends, my Republican friends,

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Speaker 7: who are complaining about, well, they're charging Trump, but they're

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Speaker 7: not charging Hunter. And then you know, say, well, okay,

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Speaker 7: if they charge Hunter, you're in okay with them charging

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Speaker 7: Trump very quiet, very quickly. So again, whether or not

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Speaker 7: it's a serious charge, I guess we don't know yet

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Speaker 7: until we see the facts in the file.

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Speaker 3: Yeah, And it's really smart to remind our listeners that

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Speaker 3: there is a lot that we don't know here. I

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Speaker 3: think Eric Larson was pretty upfront about that beginning our

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Speaker 3: hour here, Mick, the idea of an August fourteen trial

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Speaker 3: date all the all the while, and that might frankly

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Speaker 3: be a bigger story that's been kind of overshadowed by

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Speaker 3: the Hunter headline. Do you think a trial actually begins

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Speaker 3: in August or or it's delay delay delay.

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Speaker 6: Yeah.

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Speaker 7: And you know, I know you're not supposed to make,

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Speaker 7: you know, absolute predictions when you're dealing with politics, and

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Speaker 7: there's a lot of polity here, but I'd be willing

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Speaker 7: to bet my house there's no trial in August fourteen.

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Speaker 7: Keep in mind, the right to a speedy trial, which

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Speaker 7: does exist under our constitution, is possessed by the accused,

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Speaker 7: not by the government. So you know, if Don Trump

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Speaker 7: wants to have slowed things down, there's going to be

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Speaker 7: plenty of opportunities to do so. You've made a good

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Speaker 7: point in the previous segment about how hard it's going

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Speaker 7: to be to picking jury. I disagree with your with

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Speaker 7: the reporter, respectfully. I think it's going to be very,

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Speaker 7: very difficult to pick a jury here because everybody's going

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Speaker 7: to have an opinion about it, and Donald Trump is

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Speaker 7: going to be looking for one juror who's willing to say,

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Speaker 7: you know, I don't care what he did. I'm not

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Speaker 7: convicting him because he only has to get it one

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Speaker 7: person to hold out, and the government knows that. So

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Speaker 7: that's going to take a long time. The government may

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Speaker 7: try to recuse the judge. That may take a long time.

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Speaker 7: There's gonna be plays over evidence that may take a

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Speaker 7: long time. So if I'm a betting man, and I am,

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Speaker 7: I'm not betting among them, and I.

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Speaker 3: Am, says Mick mulvaney that said, does the trial begin

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Speaker 3: before the presidential election? Or is that really what we're

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Speaker 3: talking about here? Anything to delay it past the election?

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Speaker 7: And you know, I talked to a lot of my

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Speaker 7: friends who were in the federal prosecuting business, a lot

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Speaker 7: of folks who used to do white collar criminal defense,

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Speaker 7: and to a man and a woman, they all thought

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Speaker 7: this trial would take place after the election. I think

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Speaker 7: we're all surprised by this announcement, at least of this

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Speaker 7: early date. And whether or not that changes the couchus,

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Speaker 7: you know, I'd have to talk to folks who've done

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Speaker 7: this for twenty thirty years. I'm not sure how Donald

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Speaker 7: Trump delays it for a year and you know, four

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Speaker 7: months or whatever. But my guess is, you know, there's

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Speaker 7: a chance. I still think it's a better chance than

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Speaker 7: not that it comes after the election. But again, this

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Speaker 7: has thrown me a curveball along at everybody else. See

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Speaker 7: it's August fourteenth day.

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Speaker 3: I don't know if you saw the interview last night

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Speaker 3: Donald Trump and Brett Baer on Fox News. There were

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Speaker 3: some pretty remarkable moments, and it's been suggested just in

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Speaker 3: the last twelve hours here Mick that some of this

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Speaker 3: could be entered as evidence in the trial, particularly as

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Speaker 3: he discusses moving the boxes around and what was in

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Speaker 3: the boxes. Here's a moment that you that you might

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Speaker 3: have missed.

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Speaker 6: You know, why not just hand them over then?

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Speaker 8: Because I had a boxes. I want to go through

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Speaker 8: the boxes and get all my personal things out. I

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Speaker 8: don't want to hand that over to narrow yet, and

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Speaker 8: I was very busy, as you've sort of seen.

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Speaker 9: Yeah, but according to a diamond, you then tell this

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Speaker 9: aid to move to other locations after telling your lawyers

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Speaker 9: to say you'd fully complied with the subpoena when you hadn't.

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Speaker 8: But before I send boxes over, I have to take

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Speaker 8: all of my things out. These boxes were interspersed with

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Speaker 8: all sorts of things, golf shirts, clothing, pants, shoes, there

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Speaker 8: were many things.

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Speaker 3: Golf shirts making a lot of headlines here maked the

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Speaker 3: former president do damage to himself last night.

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Speaker 7: Yes, I was watching it last night thinking to myself.

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Speaker 7: I was actually texting a little bit with Brett Bair.

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Speaker 7: You know, the interview wasn't live, and I could just

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Speaker 7: all I could think of is now you Now the

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Speaker 7: public sort of gets a chance to see why so

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Speaker 7: many of Donald Trump lawyers quit because he made things

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Speaker 7: much much worse for himself last night in a variety

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Speaker 7: of different ways. There's one thing that it wasn't in

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Speaker 7: the segment you just picked up, but it was right

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Speaker 7: about the same time where he said Rhett asked him

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Speaker 7: about the papers that he held up on the audio tape,

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Speaker 7: and Trump said there was nothing there. There was nothing there.

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Speaker 7: It was just a newspaper clippings and stuff I tending classified.

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Speaker 7: But it's not. In order to make that defense, he

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Speaker 7: has to testify. And I can guarantee you that Donald

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Speaker 7: Trump is not testifying in this case, so that that

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Speaker 7: is going to be used against him. Most of a

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Speaker 7: lot of that video lesson will be used against him,

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Speaker 7: not the just the part that you just played.

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Speaker 3: That will be his That will be his testimony. Mick,

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Speaker 3: you came up. I'm sure you know this, and it

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Speaker 3: was actually a pretty crafty question the way Brett Beaar

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Speaker 3: got to this asking essentially the former president whose bad mouth.

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Speaker 3: A lot of former employees, a lot of former officials

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Speaker 3: in the Trump white House, yourself included. I thought you

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Speaker 3: said you were going to have all the best people.

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Speaker 3: This is just a portion of what we were.

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Speaker 9: You recently called and Barrow a gutlass pig. Your second

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Speaker 9: defense secretary is not supporting you, called you irresponsible. This week,

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Speaker 9: you and your White House called your White House Chief

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Speaker 9: of Staff John Kelly and effective and born with a

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Speaker 9: very small brain. You called your acting White House chief

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Speaker 9: of Staff mc mulvaney a born loser. You called your

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Speaker 9: first secretary of say, Rex Tillerson dumb as a rock,

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Speaker 9: and your first Defense Secretary James mattis the world's most

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Speaker 9: overrated general. You called your White House Press secretary kather

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Speaker 9: Nanny Milk toast, and multiple times you've referred to your

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Speaker 9: Transportation Secretary Olaine Shao as Mitch McConnell's China loving wife.

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Speaker 9: So why did you hire all of them in the

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Speaker 9: first place?

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Speaker 8: As I hired ten to one that were fantastic.

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Speaker 3: First of all that that's as much of an answer

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Speaker 3: as I could get out of that. And Chris Christy

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Speaker 3: tweeted earlier, by the way, it's your benefit, Mick. This

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Speaker 3: is Trump on Chief of Staff Mick mulvaney. Before Mick

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Speaker 3: has done an outstanding jobble in the administration. After this

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Speaker 3: guy was uncharismatic. And what he just said on the

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Speaker 3: tape here, I don't know what it's like to hear

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Speaker 3: your name invoked in an interview like that, Mick. But

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Speaker 3: when when Donald Trump hired you, he was a pretty

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Speaker 3: big fan of yours.

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Speaker 7: It wasn't there wasn't the reference. It was the photograph.

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Speaker 7: It was a terrible photograph. I was much more concerned

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Speaker 7: about that.

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Speaker 3: You've been doing his way too long.

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Speaker 7: Everybody knows that, you know, it's just Trump, right. The

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Speaker 7: better question is this, And he tried, Brett ray Or

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Speaker 7: tried to get to this issue, which is, Okay, we

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Speaker 7: know you once you fire people and they leave you,

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Speaker 7: once they say anything critical of it, you see something stupid.

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Speaker 6: That's great.

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Speaker 7: But moving forward, who's going to work for you? Who's

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Speaker 7: going to work for somebody? Who knows? Who treats people

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Speaker 7: like this? And he says, oh, I know great people

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Speaker 7: and he wasn't able to name one person. Well, I

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Speaker 7: think what a fun parlor game now is who would

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Speaker 7: want to work for Donalds? Confirm about? Yeah, who's left?

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Speaker 3: Mick, I can't imagine. Thank you for being with us

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Speaker 3: and being forthcoming as always, Mick mulvaney.

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Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch the

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Speaker 1: program live weekdays at one Eastern on Bloomberg Radio, Tune

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Speaker 1: it up, Bloomberg dot Com.

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Speaker 6: Bloomberg Business App.

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Speaker 1: flagship New York station. Just say Alexa play Bloomberg eleven thirty.

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Speaker 3: I'm Joe Matthew in Washington, joined by Bloomberg's Kaylee Lines,

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Speaker 3: as we rejoined coming off the long weekend. It's good

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Speaker 3: to see you. Likewise the big trip. Of course, now

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Speaker 3: in the bag we're talking about Anthony Blincoln. You survive,

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Speaker 3: like the whole Trump Hunter convery. We did all of

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Speaker 3: that last hour and now we're doing the geopolitics and

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Speaker 3: the heavy fed and regulation talk with Kaille Liones.

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Speaker 10: Yeah, a lot to cover, all the juicy stuff.

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Speaker 3: And the headline in the terminal really says it all.

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Speaker 3: Bl Lincoln's China trip yields best possible results, more talks.

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Speaker 10: Yeah, it raises a question for me as to whether

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Speaker 10: or not expectations were just set low enough. Yeah, for

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Speaker 10: this trip, that jumping over that low bar was actually

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Speaker 10: going to be relatively easy to accomplish.

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Speaker 5: And maybe that's true.

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Speaker 10: That's what happened.

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Speaker 3: And he said himself, you know, forty eight hours he's

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Speaker 3: on his way back home. Trip achieved its goals and

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Speaker 3: accomplished as the two sides restored some senior level communications.

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Speaker 3: Nobody knew if he was going to meet with President

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Speaker 3: She this I'm this moment right here. They're both standing

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Speaker 3: for the cameras. You see Blincoln walk into the room,

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Speaker 3: shake hands, slowly walk over to the big table where

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Speaker 3: they did spend some time talking. Here, gorgeous mural behind

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Speaker 3: the table, by the way, I want to live wherever

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Speaker 3: that mural is. And then you know, the welcome to China,

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Speaker 3: mister secretary, is a pretty major moment for you. This

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Speaker 3: is they sit down here. President. She is on one

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Speaker 3: end of a very long table, and right on the

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Speaker 3: corner of the table is Anthony Blincoln. The only two

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Speaker 3: I believe were not masked in the room as.

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Speaker 5: Well, the secretary, Welcome to China.

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Speaker 3: There you have it, and the talks underway. No red

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Speaker 3: carpet on the trip, but it does seem to have

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Speaker 3: been productive. Whether or not it leads to a meeting

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Speaker 3: between the two presidents, I guess, remains a question.

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Speaker 10: Yeah, we'll see what happens at the G twenty, Right,

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Speaker 10: that's going to be the next potential opportunity comes September. Yeah,

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Speaker 10: And of course it raises a question as to who's

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Speaker 10: going to be talking going forward, because while they did

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Speaker 10: agree to talk again, the two sides are going to

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Speaker 10: have some communication if the militaries aren't going to resume

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Speaker 10: the same level of communication, Joe, I just wonder if

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Speaker 10: that's really the most important thing, and that it's not

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Speaker 10: something that was achieved on the strip to aision.

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Speaker 3: Point that you make. With the close calls that we've seen,

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Speaker 3: not only in terms of the Navy, but well the

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Speaker 3: Navy and the Air Force, it's been kind of a

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Speaker 3: breath away from an accident most recently when we're not talking.

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Speaker 3: Is the concern. And then of course there's Taiwan. I

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Speaker 3: don't know if he got a huge year full on this.

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Speaker 3: I'm guessing he did. But the comments that Anthony Blincoln

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Speaker 3: made about Taiwan as well, I mean, I'm assuming this

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Speaker 3: is exactly what Beijing wants to hear.

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Speaker 11: On Taiwan are reiterated long standing US one China policy.

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Speaker 11: That policy has not changed. It's guided by the Taiwan

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Speaker 11: Relations Act, the three Joint Communicats, the Six Assurances. We

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Speaker 11: do not support Taiwan independence. We were made opposed to

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Speaker 11: any unilateral changes to the statis quote by either side.

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Speaker 3: We do not support Taiwan independence. Yet we continue to

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Speaker 3: cut deals to sell them weapons. And I don't really

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Speaker 3: get how you have both. I know that that's part

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Speaker 3: of the long standing Six Assurances, but to keep making

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Speaker 3: full throatedd comments like that seems. I don't know. It's confusing.

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Speaker 10: I guess not supporting independence doesn't necessarily say we wouldn't

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Speaker 10: also come to Taiwan's defense if we needed to.

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Speaker 3: Yeah, I don't know. That's a tough one.

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Speaker 10: Is it is very tough?

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Speaker 3: Bradley Bowman's got thoughts on this. I'm guessing I've been

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Speaker 3: looking forward to this conversation. The senior director at the

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Speaker 3: Foundation for Defense of Democracies who spent time as a

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Speaker 3: national security advisor to members of the Senate Armed Services

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Speaker 3: and Foreign Relations Committee committee run by Republicans. Bradley, it's

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Speaker 3: great to have you here. How do you have both?

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Speaker 3: How do you not support Taiwan independence yet you sell

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Speaker 3: them arms in case China invades?

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Speaker 12: It's a great ques. Thanks for opting to join you both.

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Speaker 13: It's a great question, And honestly, it's a balancing act

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Speaker 13: that the United States has been trying to strike for decades.

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Speaker 12: And here here's the bottom line.

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Speaker 13: And when when you understand it, at least from my perspective,

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Speaker 13: it's if not the most clear thing you've ever heard.

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Speaker 12: It's good at least good intention.

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Speaker 13: The idea is, if we say that we support Taiwan

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Speaker 13: independence and that the ideas that that would encourage leaders

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Speaker 13: in Taipei to do just that, and by declaring independence,

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Speaker 13: you would invite military aggression from Beijing, the very thing

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Speaker 13: we want to avoid. So the position of the US

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Speaker 13: government for a long time is, hey, we recognize one

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Speaker 13: China that is with the capital in Beijing.

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Speaker 12: But we understand that, you.

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Speaker 13: Know, you have twenty five million people who've developed a

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Speaker 13: wonderful democracy in Taiwan, that this this relic of the

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Speaker 13: Chinese Civil War, should be resolved peacefully and at the

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Speaker 13: negotiating table, and we shouldn't have unilateral changes. We reserve

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Speaker 13: the right to defend Taiwan so that Beijing does not

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Speaker 13: conduct military aggression.

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Speaker 12: We recognize Beijing. It should be resolved peacefully.

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Speaker 13: So that's the balancing act, and it's called and questions

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Speaker 13: of will we come to Taiwan's aid, Well, Washington's policy

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Speaker 13: has been one of strategic ambiguity. Most presidents played that

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Speaker 13: line pretty well. Biden a few times has kind of

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Speaker 13: gone off script a little bit.

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Speaker 12: And said, yeah, absolutely would. And then you have.

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Speaker 13: People like Secretary Blink and kind of going and saying

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Speaker 13: what he said the sound you just played, and that

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Speaker 13: is reiterating what I would characterize as the traditional, long

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Speaker 13: standing by Parson Us policy one China policy, don't support independence,

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Speaker 13: but don't you dare attack Beijing.

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Speaker 10: Well, so, if all of this is intended to avoid

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Speaker 10: aggression on the part of China or actual military action

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Speaker 10: in Taiwan or its surrounding waters, how likely do you

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Speaker 10: think armed conflict could be, say, in this decade, given that, Yes,

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Speaker 10: maybe Secretary Blincoln is saying the right things to Beijing,

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Speaker 10: but you also have delegation after delegation of congressional leaders,

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Speaker 10: house speakers either going to Taipei or meeting with the

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Speaker 10: Taiwanese president. It kind of feels in some ways like

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Speaker 10: saying one thing but actually doing something else.

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Speaker 13: Yeah, yeah, you know, one could argue that, You know,

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Speaker 13: the bottom line is is that the reason that, as

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Speaker 13: I just said in a moment ago, that there's twenty

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Speaker 13: five million free people in Taiwan and join a democracy

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Speaker 13: who don't really want to go through what the people

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Speaker 13: of Hong Kong has just gone through and kind of

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Speaker 13: an authoritarian takeover. The reason for that, I would say,

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Speaker 13: is American military power. By that, I mean China has

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Speaker 13: understood that they did not have the military means to

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Speaker 13: successfully conquer Taiwan, as China has conducted the largest military

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Speaker 13: modernization effort in the history of the People's Republic of China,

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Speaker 13: one that's frankly quite breathtaking. They the balance of power

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Speaker 13: in the Taiwan Strait is changing, and they're starting to

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Speaker 13: ask questions, Hey, could we Beijing accomplish our objectives in

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Speaker 13: Taiwan with military force? And as they become more powerful,

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Speaker 13: there's going to be more and more people in Beijing

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Speaker 13: that says the answer is yes. Ji has made clear

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Speaker 13: that quote unquote unifying Taiwan with Beijing as a top objective.

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Speaker 13: There's a lot of people believe that he might try

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Speaker 13: to do that. By twenty twenty seven. People in Washington

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Speaker 13: say the source of tension here is not US policy.

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Speaker 13: They say it's the threats of military aggression, and if

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Speaker 13: we would just set those aside and agree to resolve

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Speaker 13: this diplomatically, then the tensions would subside. But we see

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Speaker 13: from Washington's perspective, you see a lot of aggressive military

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Speaker 13: posturing in the seas and skies arounding Taiwan, which the

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Speaker 13: Biden administration and frankly a lot of Republicans also view

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Speaker 13: as highly destabilizing.

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Speaker 3: We're seeing a lot of aggressive posturing when it comes

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Speaker 3: to some economic matters as well, Bradley, when we consider

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Speaker 3: the decoupling, and I'm thinking of the high tech, primarily

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Speaker 3: the high technology that we're keeping out of the hands

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Speaker 3: of China they can't do business with, and Vidia the

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Speaker 3: most sought after tech company on the planet right now,

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Speaker 3: and there are a lot of other ones. Ask anyone

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Speaker 3: about Huawei. We spoke over the weekend with Pete Bodhajeg

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Speaker 3: who was speaking about the decoupling here, of course, our

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Speaker 3: Transportation secretary. When it has to do with the supply chain,

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Speaker 3: let's listen.

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Speaker 14: As we seek to de risk and diversify our supply

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Speaker 14: chains and our economic relationships, we do want to make

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Speaker 14: sure that these capabilities are not concentrated with any one country,

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Speaker 14: certainly with a country that may demonstrate a willingness to

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Speaker 14: use these in ways that are not connected to what

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Speaker 14: is the best going forward, either commercially or in terms

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Speaker 14: of that rules based international order.

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Speaker 3: The supply chain, of course, is part of a greater

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Speaker 3: conversation when it comes to trade, Bradley, are we speaking

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Speaker 3: with one voice knowing that Bill Gates was over there

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Speaker 3: last week President, She called him the first American friend

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Speaker 3: he had seen this year. Elon Musk was there the

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Speaker 3: week before, Jamie Diamond. There are relations in business being done.

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Speaker 3: Here is the administration speaking with one voice. Though when

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Speaker 3: it comes to the limitations in this relationship.

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Speaker 13: You know, it's a great question. We heard a couple

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Speaker 13: two of the three D words that are being thrown

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Speaker 13: around here. We heard secretary bouties. You're talking about de

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Speaker 13: risking and diversifying, diversifying. The other one is decoupling. And

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Speaker 13: the idea here is do we want to completely disentangle

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Speaker 13: the two economies, which would obviously be a massive task

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Speaker 13: with far reaching consequences, or do we want to simply

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Speaker 13: just d risk. And the context very quickly behind the

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Speaker 13: d risk idea is the white widespread belief. I think,

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Speaker 13: based on facts, based on my time in the Senate,

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Speaker 13: that what we've seen in the last couple of decades

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Speaker 13: is the largest shift of intellectual property from the United

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Speaker 13: States of China in human history. And it's not a

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Speaker 13: coincidence that a lot of the weapons and aircraft that

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Speaker 13: China fielding look a lot like our own, because frankly,

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Speaker 13: the technology came from US. So The goal here is

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Speaker 13: to continue to trade with China. Secretary Blincoln said in

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Speaker 13: a speech that the two countries traded more last year,

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Speaker 13: in fact, than ever before, nearly seven hundred billion dollars.

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Speaker 13: So there is some mutual gain to be had. But

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Speaker 13: we can't be permitting our technology from an American perspective,

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Speaker 13: from going into weapons that would be used against our

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Speaker 13: troops in the Taiwan Strait. And one would expect that

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Speaker 13: China would have similar concerns. So there's a balancing act here.

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Speaker 13: You have business leaders that want access to a market

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Speaker 13: of one point three billion people, they want to make money,

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Speaker 13: they want revenue, and you also have national security types

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Speaker 13: of which I would be one who would be a

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Speaker 13: little bit more concerned about not having our own troops

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Speaker 13: assaulted with our own technology.

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Speaker 10: How concerned are you about the development of AI as

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Speaker 10: well in China's progression in that effort, Brady, I'm incredibly concerned.

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Speaker 13: AI is already a thing, if you will, in Pentagon

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Speaker 13: world where I live, and by that because basically every

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Speaker 13: military engagement or every battle, or even every war is

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Speaker 13: some version of sorry to use three DS again, detect,

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Speaker 13: decide delivered, Detect what your adversary is doing, decide what

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Speaker 13: to do about it, and then deliver the munition or

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Speaker 13: desired effect. And the side they can do that quickly,

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Speaker 13: go as quick as from detect to deliver to decidet,

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Speaker 13: decide and deliver is going to be the one that wins.

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Speaker 13: And you can imagine how AI would help you do

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Speaker 13: that more quickly, but very quickly. You could lose control

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Speaker 13: of your weapons if you're so focused on speed that

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Speaker 13: you're taking human beings out of the loop, if you will,

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Speaker 13: And so AI is already a big deal in the Pengon,

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Speaker 13: you better believe China's moving forward. They'd probably have a

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Speaker 13: few less qualms about some of the ethical components, I

436
00:21:39,040 --> 00:21:42,760
Speaker 13: would guess, but this is a real issue and it's

437
00:21:42,800 --> 00:21:45,560
Speaker 13: going to affect a war and peace, and not to

438
00:21:45,600 --> 00:21:47,480
Speaker 13: mention freedom and other domestic concerns.

439
00:21:47,640 --> 00:21:50,080
Speaker 3: Well, we're going to talk next with one of our

440
00:21:50,119 --> 00:21:52,440
Speaker 3: reporters at Bloomberg. Gain Flatley has got a great story

441
00:21:52,440 --> 00:21:55,960
Speaker 3: today on a couple of lawmakers, actually four lawmakers, including

442
00:21:55,960 --> 00:21:58,560
Speaker 3: the chair and ranking member of the China Select Committee,

443
00:21:59,080 --> 00:22:02,520
Speaker 3: getting on a plane to Detroit today to talk to

444
00:22:02,600 --> 00:22:06,200
Speaker 3: the CEOs of Ford and GM to cut their supply

445
00:22:06,359 --> 00:22:09,440
Speaker 3: chain's reliance on China. What does that tell us about

446
00:22:09,480 --> 00:22:10,680
Speaker 3: the work that has left to be done?

447
00:22:12,040 --> 00:22:14,560
Speaker 13: Yeah, you know, it's it's a you know again, it's

448
00:22:14,960 --> 00:22:17,000
Speaker 13: you know, something I've been saying over the last few years.

449
00:22:17,119 --> 00:22:19,400
Speaker 13: I took a trip to Germany in twenty nineteen kind

450
00:22:19,400 --> 00:22:22,600
Speaker 13: of talking about China's military civil fusion policy. A lot

451
00:22:22,640 --> 00:22:24,800
Speaker 13: of Americans, even these many years later, are still not

452
00:22:24,880 --> 00:22:27,359
Speaker 13: aware of it. You know, we often think that the

453
00:22:27,680 --> 00:22:29,880
Speaker 13: other countries are just like us, but of course that's

454
00:22:29,960 --> 00:22:32,879
Speaker 13: not right. You know, China has an explicit doctrine of

455
00:22:32,920 --> 00:22:35,520
Speaker 13: military civil fusion where they lead often will lead with

456
00:22:35,560 --> 00:22:39,680
Speaker 13: a commercial civilian facade. But the explicit goal of the policy,

457
00:22:39,680 --> 00:22:43,199
Speaker 13: if you read it yourself, is to acquire technologies liciedly

458
00:22:43,280 --> 00:22:46,920
Speaker 13: and listedly to create Chinese national champion companies, and then

459
00:22:46,960 --> 00:22:50,399
Speaker 13: decipher as much of that technology as possible to the

460
00:22:50,440 --> 00:22:53,760
Speaker 13: People's liberation army, to their military. And the big difference,

461
00:22:53,800 --> 00:22:56,359
Speaker 13: and this is you know, a big, a controversial statement,

462
00:22:56,400 --> 00:22:58,479
Speaker 13: but a lot of folks, a lot of defense hawks

463
00:22:58,480 --> 00:23:01,600
Speaker 13: in Washington increase only believe that there is no such

464
00:23:01,640 --> 00:23:03,280
Speaker 13: thing as a Chinese private company.

465
00:23:03,280 --> 00:23:04,280
Speaker 12: And by that I mean.

466
00:23:04,359 --> 00:23:07,040
Speaker 13: By people who believe that but I mean that they're

467
00:23:07,080 --> 00:23:10,439
Speaker 13: either already working for the government or their one phone

468
00:23:10,480 --> 00:23:13,040
Speaker 13: call away. They would argue that, do you really believe

469
00:23:13,040 --> 00:23:16,159
Speaker 13: that any company based in China would say no to

470
00:23:16,200 --> 00:23:19,119
Speaker 13: the Chinese Commedies Party when they call? Contrast that with

471
00:23:19,200 --> 00:23:22,400
Speaker 13: American companies that are very comfortable in our free society

472
00:23:22,400 --> 00:23:24,200
Speaker 13: where we live saying no to the government. And that's

473
00:23:24,240 --> 00:23:27,040
Speaker 13: the key distinction. So one really has to scrutinize the

474
00:23:27,080 --> 00:23:29,479
Speaker 13: whole concept of a private Chinese company.

475
00:23:30,680 --> 00:23:33,120
Speaker 10: Isn't that that whole argument with TikTok Joe?

476
00:23:33,240 --> 00:23:38,840
Speaker 3: That's right, American servers, American.

477
00:23:38,760 --> 00:23:40,800
Speaker 10: Partners, Chinese ownership.

478
00:23:40,880 --> 00:23:45,160
Speaker 3: Yeah, that's exactly right. Great conversation, Bradley, glad to have

479
00:23:45,200 --> 00:23:48,159
Speaker 3: you stay with us and don't be a stranger. Bradley Bowman,

480
00:23:48,680 --> 00:23:53,240
Speaker 3: Senior director at the Foundation for Defensive Democracies. So look,

481
00:23:53,240 --> 00:23:57,280
Speaker 3: they talked about a lot, Kayley, beyond Taiwan and beyond

482
00:23:57,320 --> 00:24:00,919
Speaker 3: our business relationships. The question is who's no Gina Romando

483
00:24:01,000 --> 00:24:02,959
Speaker 3: was set to go the Treasury Secretory of course, Commerce,

484
00:24:02,960 --> 00:24:06,080
Speaker 3: the Treasury Secretary Jenny Yellen, and then of course there's

485
00:24:06,280 --> 00:24:09,240
Speaker 3: Joe Biden, never mind the Defense Secretary. Yeah, who can't

486
00:24:09,240 --> 00:24:10,440
Speaker 3: get a meeting or a phone.

487
00:24:10,200 --> 00:24:13,120
Speaker 10: Call an yeah from his counterpart who was under sanctions

488
00:24:13,160 --> 00:24:15,719
Speaker 10: by the US government, which appears to be a complicated

489
00:24:15,760 --> 00:24:16,880
Speaker 10: factor in that.

490
00:24:16,800 --> 00:24:18,919
Speaker 3: Whole You think that that might be I don't know.

491
00:24:19,440 --> 00:24:21,600
Speaker 3: This is something we're all over all the time here

492
00:24:21,600 --> 00:24:24,960
Speaker 3: because it's so important to our listeners and our readers

493
00:24:25,000 --> 00:24:27,239
Speaker 3: at Bloomberg, and we'll stay with it. We assemble our

494
00:24:27,280 --> 00:24:29,159
Speaker 3: panel next. It's been a while since we've heard from

495
00:24:29,200 --> 00:24:33,040
Speaker 3: Rick and Jeanie together. It's next only on Bloomberg. You're

496
00:24:33,080 --> 00:24:36,600
Speaker 3: listening to the Bloomberg Sound on podcast. Catch us live

497
00:24:36,680 --> 00:24:38,359
Speaker 3: weekdays at one Eastern.

498
00:24:38,080 --> 00:24:41,280
Speaker 2: On Bloomberg dot com, the iHeartRadio app, and the Bloomberg

499
00:24:41,320 --> 00:24:44,879
Speaker 2: Business app, or listen on demand wherever you get your podcasts.

500
00:24:47,800 --> 00:24:51,160
Speaker 3: Quite a day on the broadcast already, as Hunter Biden

501
00:24:51,240 --> 00:24:54,000
Speaker 3: agrees to a plead deal, he will plead guilty to

502
00:24:54,040 --> 00:24:58,119
Speaker 3: two misdemeanor tax crimes and enter in agreement with prosecutors

503
00:24:58,160 --> 00:25:01,200
Speaker 3: to potentially avoid a charge for posi a gun. That's

504
00:25:01,600 --> 00:25:05,800
Speaker 3: from the US Attorney's Office in Delaware. Separately, Donald Trump

505
00:25:06,040 --> 00:25:09,960
Speaker 3: Trial August fourteen. Nobody seems to believe that it will

506
00:25:09,960 --> 00:25:12,040
Speaker 3: begin on that day, but we do have a date

507
00:25:12,080 --> 00:25:14,439
Speaker 3: now at least to get our heads around a bit

508
00:25:14,480 --> 00:25:18,360
Speaker 3: here in the classified documents case, and we've missed our

509
00:25:18,400 --> 00:25:22,080
Speaker 3: signature panel. I know Genie was with us last week,

510
00:25:22,119 --> 00:25:24,119
Speaker 3: but it's different when they're together. We need to have

511
00:25:24,200 --> 00:25:27,399
Speaker 3: them both sometimes to feel right about the world, and

512
00:25:27,400 --> 00:25:30,720
Speaker 3: that of course means Genie Shanzo and Rick Davis Bloomberg

513
00:25:30,760 --> 00:25:33,160
Speaker 3: Politics contributors. Great to have you both here coming off

514
00:25:33,160 --> 00:25:37,199
Speaker 3: the long weekend. Genie, I'll start with you on Hunter Biden.

515
00:25:39,000 --> 00:25:41,359
Speaker 3: How does Joe Biden play this one as he is

516
00:25:41,400 --> 00:25:44,680
Speaker 3: also being investigated separately on a whole different matter here

517
00:25:44,680 --> 00:25:45,639
Speaker 3: by a special counsel.

518
00:25:46,320 --> 00:25:48,679
Speaker 15: You know, I think he plays it the way that

519
00:25:48,760 --> 00:25:51,359
Speaker 15: many Americans will see it, which is that we all

520
00:25:51,400 --> 00:25:54,080
Speaker 15: have friends and family and unfortunately no people who have

521
00:25:54,080 --> 00:25:57,919
Speaker 15: struggled with addiction and as a result have made improper

522
00:25:58,040 --> 00:26:01,720
Speaker 15: illegal in this case decision, And the fact is he

523
00:26:01,760 --> 00:26:04,920
Speaker 15: has taken responsibility and he is going to be punished,

524
00:26:05,200 --> 00:26:07,199
Speaker 15: and that is the right thing to do. And the

525
00:26:07,200 --> 00:26:10,280
Speaker 15: President should say, if he's asked, what he has long said,

526
00:26:10,320 --> 00:26:12,480
Speaker 15: which is true, that he loves his son and he

527
00:26:12,600 --> 00:26:15,440
Speaker 15: is taking responsibility and he wants to move forward. I

528
00:26:15,480 --> 00:26:17,879
Speaker 15: don't think there's any other way to play it. And

529
00:26:17,960 --> 00:26:20,280
Speaker 15: I don't think that that will be a stain on

530
00:26:20,680 --> 00:26:24,879
Speaker 15: the Biden administration or Biden as long as people don't

531
00:26:24,920 --> 00:26:28,840
Speaker 15: fall for these sort of poll tested Republican talking points

532
00:26:28,880 --> 00:26:31,720
Speaker 15: sweetheart deal to tier system of justice. I mean, they're

533
00:26:31,760 --> 00:26:34,520
Speaker 15: all repeating them, so we know that they're poll tested,

534
00:26:34,800 --> 00:26:36,840
Speaker 15: and they have been given a sheet and said here's

535
00:26:36,840 --> 00:26:39,359
Speaker 15: what you say, and they're all saying it, including Marjorie

536
00:26:39,400 --> 00:26:41,000
Speaker 15: Taylor Green slap on the.

537
00:26:40,920 --> 00:26:44,600
Speaker 3: Wrist, two tier system. This is what Joe Biden said

538
00:26:45,240 --> 00:26:47,879
Speaker 3: Rick when he was asked about it on Sixty Minutes,

539
00:26:47,920 --> 00:26:51,240
Speaker 3: asked about this case and whether Hunter Biden had jeopardized

540
00:26:51,280 --> 00:26:53,399
Speaker 3: any business involving the US government.

541
00:26:53,480 --> 00:26:59,359
Speaker 16: I love my son. Number One, he fought addiction problem.

542
00:26:59,359 --> 00:27:03,360
Speaker 16: He overcame it, he wrote about it. And No, there's

543
00:27:03,440 --> 00:27:06,920
Speaker 16: not a single thing that I've observed at all from

544
00:27:07,480 --> 00:27:10,120
Speaker 16: that it would affect me or the United States relative

545
00:27:10,160 --> 00:27:10,920
Speaker 16: to my son Hunter.

546
00:27:11,040 --> 00:27:13,600
Speaker 3: That was in September of twenty twenty two. Does he

547
00:27:13,680 --> 00:27:14,439
Speaker 3: keep talking like that?

548
00:27:14,560 --> 00:27:14,760
Speaker 8: Rick?

549
00:27:15,320 --> 00:27:15,560
Speaker 12: Yeah?

550
00:27:15,560 --> 00:27:18,560
Speaker 17: I think that this is a classic stand by your man.

551
00:27:18,680 --> 00:27:21,679
Speaker 17: Usually it's the wife standing by her husband, and in

552
00:27:21,720 --> 00:27:25,200
Speaker 17: this case, it's the president standing by his son. You know,

553
00:27:25,359 --> 00:27:30,399
Speaker 17: no daylight between them, you will never see any And

554
00:27:30,440 --> 00:27:34,320
Speaker 17: I think this point about not having any nexus with

555
00:27:35,400 --> 00:27:38,800
Speaker 17: government business is really a veiled attempt on his part

556
00:27:38,880 --> 00:27:41,840
Speaker 17: of saying, you know, I didn't do anything inappropriate, and

557
00:27:41,920 --> 00:27:45,760
Speaker 17: so I can't imagine that line is going to change. Look,

558
00:27:45,800 --> 00:27:48,120
Speaker 17: I mean it does make a difference when you plead guilty.

559
00:27:48,720 --> 00:27:51,040
Speaker 17: You don't take the state through a trial. You don't

560
00:27:51,240 --> 00:27:55,000
Speaker 17: you know, wash your reputation through the courts, And the

561
00:27:55,040 --> 00:27:57,600
Speaker 17: fact that they were able to get a deal like this,

562
00:27:58,560 --> 00:28:01,359
Speaker 17: you know, makes makes total sense. You know, you really

563
00:28:01,359 --> 00:28:04,880
Speaker 17: wonder if Donald Trump had just said, hey, here hear

564
00:28:04,960 --> 00:28:07,600
Speaker 17: the docs back, or yeah, you're right, I shouldn't have

565
00:28:07,640 --> 00:28:11,440
Speaker 17: had these things. I plead guilty. What what's the what's

566
00:28:11,480 --> 00:28:15,000
Speaker 17: the downside? But instead, you know, we're we're exposed to

567
00:28:15,040 --> 00:28:21,000
Speaker 17: these kinds of pretzel making interviews that defy any sensibility whatsoever,

568
00:28:21,080 --> 00:28:23,640
Speaker 17: and it just makes him look more guilty because he's

569
00:28:23,720 --> 00:28:26,000
Speaker 17: hiding his actions.

570
00:28:27,040 --> 00:28:30,919
Speaker 3: Yeah, the Brett Baer interview on Fox News was quite remarkable,

571
00:28:31,080 --> 00:28:33,840
Speaker 3: and I think we've already determined this hour that it

572
00:28:33,880 --> 00:28:37,199
Speaker 3: will likely end up being part of his testimony in

573
00:28:37,280 --> 00:28:38,600
Speaker 3: this case. Listen, I have.

574
00:28:38,640 --> 00:28:42,440
Speaker 8: Every right to have those boxes. This is purely a

575
00:28:42,480 --> 00:28:46,320
Speaker 8: presidential records Act. This is not a criminal thing. In fact,

576
00:28:46,360 --> 00:28:48,880
Speaker 8: the New York Times have all had a story just

577
00:28:48,920 --> 00:28:52,240
Speaker 8: the other day that the only way Nara could ever

578
00:28:52,320 --> 00:28:57,520
Speaker 8: get this stuff this back would be please, please, please,

579
00:28:57,520 --> 00:29:00,040
Speaker 8: could we have it back? Least because they have no

580
00:29:00,520 --> 00:29:01,520
Speaker 8: we were thatched for it.

581
00:29:01,680 --> 00:29:05,320
Speaker 3: No. I don't know how you react to an interview

582
00:29:05,400 --> 00:29:09,120
Speaker 3: like this, Genie or who's advising him, because this was

583
00:29:09,160 --> 00:29:13,200
Speaker 3: his return to Fox News following the arraignment, and he

584
00:29:13,240 --> 00:29:15,760
Speaker 3: may have done significant harm to himself legally. Do you

585
00:29:15,760 --> 00:29:17,080
Speaker 3: see it that way?

586
00:29:17,240 --> 00:29:20,400
Speaker 15: Absolutely? I think Brett Bair did a masterful job and

587
00:29:20,440 --> 00:29:22,600
Speaker 15: he should be applauded. It was, you know, sort of

588
00:29:22,680 --> 00:29:26,760
Speaker 15: a case study and how to interview Donald Trump. That said,

589
00:29:26,840 --> 00:29:30,000
Speaker 15: I disagree slightly with some people are or who are

590
00:29:30,000 --> 00:29:33,480
Speaker 15: suggesting that, you know, this makes things worse for Trump.

591
00:29:33,560 --> 00:29:36,120
Speaker 15: It absolutely makes things worse for Trump in the court

592
00:29:36,160 --> 00:29:39,520
Speaker 15: of law, no question. But it doesn't necessarily make things

593
00:29:39,520 --> 00:29:41,640
Speaker 15: worse for Trump in the court of public opinion. And

594
00:29:41,720 --> 00:29:44,400
Speaker 15: I have long held he is very little interested in

595
00:29:44,400 --> 00:29:46,080
Speaker 15: the court of law and much more interested in the

596
00:29:46,120 --> 00:29:48,840
Speaker 15: court of public opinion and in the court of public opinion.

597
00:29:49,200 --> 00:29:52,840
Speaker 15: The more you dilute the information, the less likely it

598
00:29:52,920 --> 00:29:54,840
Speaker 15: is that the public is going to hold it against you,

599
00:29:54,920 --> 00:29:57,880
Speaker 15: and that is something that he is masterful at doing. So,

600
00:29:58,000 --> 00:30:00,760
Speaker 15: while I agree this is every defense attorney nightmare, it

601
00:30:00,840 --> 00:30:04,760
Speaker 15: is every sort of strategistic best hope when you're candidate

602
00:30:04,920 --> 00:30:08,400
Speaker 15: or you're the person you're working for is facing these

603
00:30:08,480 --> 00:30:11,400
Speaker 15: types of charges. He does have a way of wiggling

604
00:30:11,400 --> 00:30:12,000
Speaker 15: out of them.

605
00:30:12,440 --> 00:30:14,440
Speaker 3: So what's your thought on August fourteen? Rick? Did you

606
00:30:14,520 --> 00:30:16,520
Speaker 3: chuckle when you heard that date? Because it does seem

607
00:30:16,560 --> 00:30:18,800
Speaker 3: pretty soon, but nobody seems to believe the trial will

608
00:30:18,840 --> 00:30:19,720
Speaker 3: begin in the.

609
00:30:19,640 --> 00:30:20,360
Speaker 6: Middle of August.

610
00:30:20,560 --> 00:30:22,840
Speaker 17: Yeah. I got a pretty good laugh out of it.

611
00:30:22,880 --> 00:30:25,960
Speaker 17: You know, just ten days before the first Republican debate

612
00:30:26,040 --> 00:30:27,840
Speaker 17: that Trump claims he's not going to be in any way.

613
00:30:27,880 --> 00:30:29,440
Speaker 17: Now he has a good excuse, Oh I got to

614
00:30:29,440 --> 00:30:32,880
Speaker 17: go to a court. But yeah, no, I mean, look,

615
00:30:33,560 --> 00:30:36,480
Speaker 17: it was obviously an effort to try and make good

616
00:30:36,480 --> 00:30:40,280
Speaker 17: on a speedy trial. Now it's up to the Trump attorneys.

617
00:30:40,320 --> 00:30:43,240
Speaker 17: I'm sure they were very happy at the Justice Department

618
00:30:43,280 --> 00:30:46,440
Speaker 17: with that date, and now it's up to the Trump attorneys.

619
00:30:45,920 --> 00:30:47,960
Speaker 3: To ask for delays.

620
00:30:48,680 --> 00:30:53,240
Speaker 17: And my guess is exactly what mcmilvney Melvaney said, is

621
00:30:53,280 --> 00:30:55,400
Speaker 17: that they'll do that and that this will get pushed off.

622
00:30:55,440 --> 00:30:59,200
Speaker 17: Now whether it gets pushed off until after the November

623
00:30:59,240 --> 00:31:01,000
Speaker 17: twenty four election, and I don't know.

624
00:31:01,680 --> 00:31:02,720
Speaker 3: That's a long time.

625
00:31:03,280 --> 00:31:06,800
Speaker 17: And the bottom line is, even if it's done after

626
00:31:06,840 --> 00:31:09,560
Speaker 17: the election, the trial itself, all these motions are going

627
00:31:09,600 --> 00:31:12,400
Speaker 17: to get enormous amount of attention. They're gonna they're gonna

628
00:31:12,400 --> 00:31:15,080
Speaker 17: be scrutinized for why the delays, and it's just going

629
00:31:15,120 --> 00:31:17,680
Speaker 17: to keep putting this trial in the front line of

630
00:31:17,720 --> 00:31:21,000
Speaker 17: the media and a disaster for Donald Trump.

631
00:31:21,080 --> 00:31:23,880
Speaker 3: And even though I totally agree with Jeanie.

632
00:31:23,600 --> 00:31:27,040
Speaker 17: That his intent is to not worry about the legal

633
00:31:27,120 --> 00:31:32,120
Speaker 17: ramifications of his actions but the political and messaging ramifications

634
00:31:32,120 --> 00:31:35,600
Speaker 17: of what he says, right now, there's no evidence that

635
00:31:35,600 --> 00:31:38,160
Speaker 17: that's working for him. The numbers are starting to tell

636
00:31:38,520 --> 00:31:41,280
Speaker 17: a story that people are getting worn out on this act,

637
00:31:41,440 --> 00:31:43,920
Speaker 17: and the longer this drags on, I think the worse

638
00:31:43,960 --> 00:31:45,160
Speaker 17: it's going to be for him.

639
00:31:45,720 --> 00:31:48,680
Speaker 3: Wow, there's a lot there, Genie. If you're Joe Biden,

640
00:31:49,080 --> 00:31:52,560
Speaker 3: not not President Joe Biden, but candidate Joe Biden seeking reelection,

641
00:31:53,200 --> 00:31:56,400
Speaker 3: we saw real campaign style events last weekend for Joe Biden.

642
00:31:56,680 --> 00:31:57,480
Speaker 3: He's on the trail.

643
00:31:57,920 --> 00:31:59,680
Speaker 15: Oh, I am just loving it, and I think he

644
00:31:59,760 --> 00:32:02,520
Speaker 15: has no choice but to focus on what swing voters

645
00:32:02,520 --> 00:32:04,880
Speaker 15: care about, which is the economy. He suffers a little

646
00:32:04,880 --> 00:32:07,120
Speaker 15: bit there, but he's going to try to widen that argument.

647
00:32:07,160 --> 00:32:09,120
Speaker 15: He's going to stay away from Trump. He's going to

648
00:32:09,160 --> 00:32:09,840
Speaker 15: stay away.

649
00:32:09,600 --> 00:32:11,960
Speaker 3: From So don't or Hunter? Is that right?

650
00:32:12,200 --> 00:32:12,400
Speaker 6: Well?

651
00:32:12,440 --> 00:32:14,680
Speaker 15: I think talk Hunter? You love him? Can I just

652
00:32:14,720 --> 00:32:18,320
Speaker 15: say I love Rick? Invoking Timmy Wynette. Hillary Clinton's probably

653
00:32:18,320 --> 00:32:21,360
Speaker 15: shaking in her boots at this point, but yeah, I mean,

654
00:32:21,400 --> 00:32:23,280
Speaker 15: I think you know, you stand by your son. You

655
00:32:23,320 --> 00:32:26,160
Speaker 15: love him. He's taking responsibility like he should, and you

656
00:32:26,240 --> 00:32:29,240
Speaker 15: focus as much as possible and what you've done, like infrastructure,

657
00:32:29,440 --> 00:32:32,160
Speaker 15: what you've achieved in a bipartisan way, and the fact

658
00:32:32,200 --> 00:32:35,240
Speaker 15: that you are sticking by people in the working class

659
00:32:35,520 --> 00:32:40,160
Speaker 15: and the other guy is for you know, millionaires and billionaires.

660
00:32:40,200 --> 00:32:43,880
Speaker 3: Pretty fascinating. Knowing that Rick Joe Biden was running a

661
00:32:43,960 --> 00:32:45,760
Speaker 3: very different campaign a couple of years ago. There's been

662
00:32:45,840 --> 00:32:47,840
Speaker 3: questions about the way that he should comport himself in

663
00:32:47,880 --> 00:32:50,240
Speaker 3: this one. And we'll get there a little bit later

664
00:32:50,320 --> 00:32:52,360
Speaker 3: this hour. As I mentioned, how about Donald Trump. You

665
00:32:52,440 --> 00:32:55,400
Speaker 3: just keep doing the rallies, Just try to get ten

666
00:32:55,480 --> 00:32:57,840
Speaker 3: thousand people in a field together and improve a point

667
00:32:57,840 --> 00:32:59,800
Speaker 3: every Saturday night. Yeah, it's very hard for.

668
00:32:59,800 --> 00:33:02,600
Speaker 17: Him to do retail politics. He doesn't like the direct

669
00:33:02,680 --> 00:33:06,080
Speaker 17: connection with voters. He can't answer their questions in a

670
00:33:06,080 --> 00:33:09,560
Speaker 17: diner the way most other candidates can because the questions

671
00:33:09,600 --> 00:33:14,160
Speaker 17: could be intensely personal related to these legal difficulties, and

672
00:33:14,200 --> 00:33:16,400
Speaker 17: he just evokes a great deal of emotion, So putting

673
00:33:16,440 --> 00:33:19,200
Speaker 17: himself in a room like that is very difficult. So yeah,

674
00:33:19,480 --> 00:33:21,520
Speaker 17: I think his only option at this stage is to

675
00:33:21,520 --> 00:33:23,920
Speaker 17: go to places that are safe for him, right, and

676
00:33:24,080 --> 00:33:26,800
Speaker 17: so these are second tier markets. They won't be major

677
00:33:26,840 --> 00:33:30,760
Speaker 17: cities in America. They'll be in core Republican states, in

678
00:33:30,880 --> 00:33:35,040
Speaker 17: core Republican counties, and you do not reach voters you

679
00:33:35,080 --> 00:33:38,320
Speaker 17: don't already have in those places, and that will be

680
00:33:38,360 --> 00:33:39,720
Speaker 17: the limiting factor with him.

681
00:33:40,120 --> 00:33:43,480
Speaker 3: Fascinating just to put for at least a moment, because

682
00:33:43,480 --> 00:33:45,680
Speaker 3: we're going to be talking about this, I suspect for

683
00:33:45,720 --> 00:33:49,720
Speaker 3: the next year at least, Jeanie. The political side of

684
00:33:49,720 --> 00:33:52,960
Speaker 3: these legal stories here that we're talking about, which one

685
00:33:53,000 --> 00:33:55,840
Speaker 3: is more important for our listeners to be reading up

686
00:33:55,880 --> 00:33:57,280
Speaker 3: on when they sit in front of the terminal. Is

687
00:33:57,320 --> 00:33:58,720
Speaker 3: it Hunter Biden or Donald Trump?

688
00:33:58,920 --> 00:34:01,160
Speaker 15: I think it's Donald Trump. Sure, Biden is not running

689
00:34:01,200 --> 00:34:03,840
Speaker 15: for office. We all have family members who have challenges,

690
00:34:04,000 --> 00:34:06,280
Speaker 15: and you know he is not on the ballot. Joe

691
00:34:06,280 --> 00:34:09,000
Speaker 15: Biden is. He has his own challenges. But Donald Trump

692
00:34:09,160 --> 00:34:12,360
Speaker 15: absolutely has a big challenge when it comes to national

693
00:34:12,440 --> 00:34:14,640
Speaker 15: security in the way that he has conducted himself.

694
00:34:14,880 --> 00:34:16,040
Speaker 3: Is Trump the news today for you?

695
00:34:16,120 --> 00:34:17,160
Speaker 6: Rick? Oh?

696
00:34:17,239 --> 00:34:19,400
Speaker 17: Yeah, He's going to dominate the news on days like this.

697
00:34:19,840 --> 00:34:23,120
Speaker 17: It probably helps out the Hunter Biden coverage because so

698
00:34:23,200 --> 00:34:25,720
Speaker 17: many people are talking about that interview that was again

699
00:34:26,080 --> 00:34:28,919
Speaker 17: another election by Trump to put himself in harms way.

700
00:34:29,800 --> 00:34:34,319
Speaker 3: Rick Davis is back, Genie Shanzano is with us. This

701
00:34:34,440 --> 00:34:37,120
Speaker 3: is the fastest show in politics, and we're going to talk,

702
00:34:37,160 --> 00:34:38,920
Speaker 3: as I mentioned with Ryan teeg Beck, with as we

703
00:34:38,960 --> 00:34:41,520
Speaker 3: look at the other side of this, exactly what style

704
00:34:41,560 --> 00:34:45,440
Speaker 3: of campaigning Joe Biden is now beginning for the months ahead.

705
00:34:45,960 --> 00:34:48,120
Speaker 3: It might involve not saying a lot.

706
00:34:49,800 --> 00:34:53,160
Speaker 1: You're listening to The Bloomberg Sound On podcast. Catch the

707
00:34:53,200 --> 00:34:57,080
Speaker 1: program live weekdays at one Eastern on Bloomberg Radio. The

708
00:34:57,160 --> 00:34:59,160
Speaker 1: tune in alf Bloomberg dot Com and.

709
00:34:59,120 --> 00:35:00,239
Speaker 6: The Bloomberg Business.

710
00:35:00,600 --> 00:35:03,480
Speaker 1: You can also listen live on Amazon Alexa from our

711
00:35:03,480 --> 00:35:08,239
Speaker 1: flagship New York station. Just say Alexa play Bloomberg eleven thirty.

712
00:35:10,440 --> 00:35:12,759
Speaker 3: And So the campaign is off and running. No, I'm

713
00:35:12,800 --> 00:35:15,200
Speaker 3: not talking about Donald Trump. That would be Joe Biden,

714
00:35:15,239 --> 00:35:17,080
Speaker 3: who actually got on the road over the weekend here.

715
00:35:17,080 --> 00:35:19,400
Speaker 3: I know he already re announced and all that stuff.

716
00:35:19,440 --> 00:35:24,360
Speaker 3: There was a video, but the actual in person campaigning begins.

717
00:35:24,480 --> 00:35:26,160
Speaker 12: I told you what I read for president.

718
00:35:26,719 --> 00:35:30,399
Speaker 16: I'd have your back, and I have We're too bad

719
00:35:30,520 --> 00:35:31,560
Speaker 16: my back as well.

720
00:35:31,680 --> 00:35:35,080
Speaker 3: That's right. On Saturday, happy crowd there afl Cio. He

721
00:35:35,160 --> 00:35:38,920
Speaker 3: was in Philadelphia singing of the choir largelyle That's what

722
00:35:38,960 --> 00:35:42,920
Speaker 3: these events are, before heading to California over the weekend.

723
00:35:43,000 --> 00:35:45,719
Speaker 3: Joining us to get into this is Ryan teak Beck,

724
00:35:45,760 --> 00:35:50,880
Speaker 3: with Politics reporter here at Bloomberg. As we watch the

725
00:35:50,920 --> 00:35:55,560
Speaker 3: former president Donald Trump hold the rallies, Ryan and go

726
00:35:55,640 --> 00:35:57,759
Speaker 3: through the motions here, a lot of people are asking, well,

727
00:35:57,760 --> 00:36:00,080
Speaker 3: where's Joe Biden? Where are the rallies, remembering that he

728
00:36:00,160 --> 00:36:03,279
Speaker 3: was doing the COVID thing last time around. They had

729
00:36:03,400 --> 00:36:06,359
Speaker 3: drive ins, people were honking. It was just a different world.

730
00:36:06,760 --> 00:36:09,759
Speaker 3: What's the campaign style going to be this time.

731
00:36:10,640 --> 00:36:13,719
Speaker 5: I mean, Joe Biden is the incumbent, but he's also

732
00:36:13,840 --> 00:36:16,360
Speaker 5: kind of like the recumbent. You know, like those bicycles

733
00:36:16,360 --> 00:36:18,640
Speaker 5: where you lean back and you ride them and they're

734
00:36:18,640 --> 00:36:20,160
Speaker 5: a little bit gentler on your knees.

735
00:36:20,320 --> 00:36:20,440
Speaker 11: You know.

736
00:36:20,520 --> 00:36:21,920
Speaker 3: I don't think he'd want to hear you say that.

737
00:36:22,200 --> 00:36:24,319
Speaker 5: He probably wouldn't, but that's what I get paid to do.

738
00:36:24,520 --> 00:36:25,640
Speaker 3: Recumbents can yeah.

739
00:36:25,880 --> 00:36:29,359
Speaker 5: I mean, this is not an aggressive campaign where they're

740
00:36:29,400 --> 00:36:32,719
Speaker 5: out there, you know, hitting every pit stop. I mean

741
00:36:32,920 --> 00:36:35,480
Speaker 5: even and Trump too. To be fair, Trump's not really

742
00:36:35,719 --> 00:36:39,920
Speaker 5: holding as many rallies as he's done before. You know,

743
00:36:40,040 --> 00:36:42,279
Speaker 5: when you're in the incumbent, you have a lot of advantages.

744
00:36:42,400 --> 00:36:45,200
Speaker 5: He's going to lean heavily on the DNC to be

745
00:36:45,280 --> 00:36:47,040
Speaker 5: the foot soldiers, so he doesn't need to go out

746
00:36:47,080 --> 00:36:50,799
Speaker 5: there and recruit a base of volunteers. The money comes

747
00:36:50,800 --> 00:36:55,160
Speaker 5: in fairly easily because you're the president and people you know,

748
00:36:55,239 --> 00:36:56,879
Speaker 5: want to give money to the president. You're not He's

749
00:36:56,920 --> 00:36:58,960
Speaker 5: not competing with a bunch of other Democrats.

750
00:36:59,000 --> 00:37:00,359
Speaker 12: I mean FK.

751
00:37:00,560 --> 00:37:05,359
Speaker 5: Junior and Mary Ann Williamson are not really big fundraisers

752
00:37:05,400 --> 00:37:08,840
Speaker 5: that he needs to worry about. And he's actually leaning

753
00:37:08,880 --> 00:37:12,600
Speaker 5: back a little bit and kind of letting the Republican

754
00:37:12,640 --> 00:37:16,920
Speaker 5: field define themselves. There's obviously a big scramble in the

755
00:37:16,920 --> 00:37:19,880
Speaker 5: Republican primary that is pushing a lot of them right word.

756
00:37:20,200 --> 00:37:22,320
Speaker 5: I think he sees that to his advantage. And the

757
00:37:22,400 --> 00:37:25,200
Speaker 5: old adage in politics is when you know the other

758
00:37:25,239 --> 00:37:27,440
Speaker 5: side is hurting themselves, like, don't step in.

759
00:37:27,680 --> 00:37:29,400
Speaker 12: So he's letting them do that.

760
00:37:29,520 --> 00:37:32,080
Speaker 5: Now, there's some risks of this, which is that he

761
00:37:32,120 --> 00:37:35,760
Speaker 5: waits too long and then doesn't get things up to speed,

762
00:37:35,800 --> 00:37:38,480
Speaker 5: and I think that's particularly a concern with things like

763
00:37:38,600 --> 00:37:41,560
Speaker 5: Latino outreach, where he's not done a great job in

764
00:37:41,560 --> 00:37:44,120
Speaker 5: the past, and I've talked to some people who aren't

765
00:37:44,239 --> 00:37:46,400
Speaker 5: super confident he's going to do a great job this time,

766
00:37:47,600 --> 00:37:50,239
Speaker 5: or expanding the map. I mean, there's some you know,

767
00:37:50,320 --> 00:37:52,600
Speaker 5: hot talk about how maybe they'll compete in Florida and

768
00:37:52,680 --> 00:37:55,600
Speaker 5: North Carolina. They always say that and then they always

769
00:37:55,640 --> 00:37:58,640
Speaker 5: kind of don't. So those those could be risks for him.

770
00:37:59,080 --> 00:38:01,359
Speaker 5: You know, this was a little but more he got

771
00:38:01,360 --> 00:38:04,040
Speaker 5: out there, he gave some speeches, he got excited, you know,

772
00:38:05,480 --> 00:38:08,520
Speaker 5: but it's still it's still a pretty quiet campaign.

773
00:38:08,680 --> 00:38:11,279
Speaker 3: Is it not important? For him to be present. And

774
00:38:11,320 --> 00:38:12,600
Speaker 3: I know we have a lot of time here, but

775
00:38:12,640 --> 00:38:15,520
Speaker 3: when you start getting into the primary knock being the

776
00:38:15,560 --> 00:38:18,760
Speaker 3: age issue, is you know, does he have the cognitive

777
00:38:18,800 --> 00:38:21,359
Speaker 3: ability to do this? Being on stage, walking around there

778
00:38:21,360 --> 00:38:24,360
Speaker 3: and people hear the music, you're kind of reacting to people,

779
00:38:24,400 --> 00:38:26,239
Speaker 3: they see you in real time. It might help to

780
00:38:26,719 --> 00:38:29,200
Speaker 3: you know, create the vision that you're you're good at this.

781
00:38:29,360 --> 00:38:31,960
Speaker 3: He he had a heckler at that event in Philadelphia

782
00:38:32,239 --> 00:38:35,040
Speaker 3: over the weekend. Seemed pretty nimble. Here's how it went.

783
00:38:35,160 --> 00:38:37,720
Speaker 16: You know what, you know, what percentage they pay in taxes?

784
00:38:38,920 --> 00:38:39,760
Speaker 12: Eight percent?

785
00:38:39,880 --> 00:38:44,359
Speaker 2: Eighd I pay a hell a lot more than that.

786
00:38:44,400 --> 00:38:47,200
Speaker 3: Man, what do you pay somebody else? They love that.

787
00:38:47,480 --> 00:38:50,840
Speaker 3: So that's the stuff you need to be considered a

788
00:38:50,880 --> 00:38:51,600
Speaker 3: credible candidate.

789
00:38:51,680 --> 00:38:51,879
Speaker 6: Yeah.

790
00:38:51,920 --> 00:38:53,960
Speaker 5: He And he also had a moment too, if you

791
00:38:54,000 --> 00:38:55,360
Speaker 5: recall it the State of the Union, where he was

792
00:38:55,360 --> 00:38:57,680
Speaker 5: pretty quick on his feet and I think but a

793
00:38:57,680 --> 00:39:00,400
Speaker 5: few Yeah, it actually might even be to his benefit

794
00:39:00,440 --> 00:39:04,000
Speaker 5: a little bit to U to pull those out a

795
00:39:04,040 --> 00:39:08,520
Speaker 5: little bit later, because if if you get into kind

796
00:39:08,520 --> 00:39:12,920
Speaker 5: of a hook of saying, oh, you know, uh, the

797
00:39:12,960 --> 00:39:16,120
Speaker 5: incumbent is old and he's not nimble, and he's not smart,

798
00:39:16,239 --> 00:39:18,279
Speaker 5: and then then it's fairly easy for him to come

799
00:39:18,320 --> 00:39:18,960
Speaker 5: and knock that down.

800
00:39:19,080 --> 00:39:19,520
Speaker 1: That's right.

801
00:39:19,600 --> 00:39:23,719
Speaker 5: So you know, I don't think that's a huge disadvantage

802
00:39:23,719 --> 00:39:25,840
Speaker 5: for him yet. I mean it's always a risk because

803
00:39:25,840 --> 00:39:27,359
Speaker 5: if he comes out later and he flubs it, then

804
00:39:27,400 --> 00:39:30,279
Speaker 5: he doesn't have that history of but I'll look at

805
00:39:30,280 --> 00:39:32,279
Speaker 5: all the times I didn't flub it. So it makes

806
00:39:32,280 --> 00:39:34,480
Speaker 5: a little more high stakes things like a debate, a

807
00:39:34,560 --> 00:39:37,759
Speaker 5: general election of debate. But he's also doing the you know,

808
00:39:37,880 --> 00:39:40,600
Speaker 5: statesman stuff, which is kind of again typical for an

809
00:39:40,640 --> 00:39:43,880
Speaker 5: incumbent running for reelection. He can go, you know, to

810
00:39:43,960 --> 00:39:46,120
Speaker 5: Europe and meet with European leaders and get his photo

811
00:39:46,120 --> 00:39:48,360
Speaker 5: taken and you know, fly around the world and do

812
00:39:48,520 --> 00:39:52,560
Speaker 5: presidentially es. Right, different campaign, Yeah, I mean those are

813
00:39:52,600 --> 00:39:55,560
Speaker 5: all campaign events. Yeah, those are all campaign events.

814
00:39:55,600 --> 00:39:57,919
Speaker 3: Even though they're not great to talk to. You don't

815
00:39:57,920 --> 00:40:00,480
Speaker 3: be a stranger as we really kind of embrace campaign

816
00:40:00,560 --> 00:40:03,960
Speaker 3: season here. Ryan's part of our massive team covering twenty

817
00:40:04,080 --> 00:40:05,759
Speaker 3: twenty four and it's always a pleasure find him on

818
00:40:05,760 --> 00:40:08,239
Speaker 3: the terminal. Ryan teak Beck with great to have you

819
00:40:08,280 --> 00:40:10,719
Speaker 3: back as we resemble our panel here, Rick Davis and

820
00:40:10,800 --> 00:40:13,200
Speaker 3: Jeanie Shan Zeno take a swing at this, Rick, what

821
00:40:13,239 --> 00:40:15,359
Speaker 3: would be your advice to Joe Biden as he's looking

822
00:40:15,360 --> 00:40:17,759
Speaker 3: at over the course of the calendar here, he's done

823
00:40:17,760 --> 00:40:20,680
Speaker 3: a couple of events. He knows that the Republicans have

824
00:40:20,719 --> 00:40:22,560
Speaker 3: a lot of wood to chop. Is there any point

825
00:40:22,640 --> 00:40:23,279
Speaker 3: going out yet?

826
00:40:24,000 --> 00:40:26,360
Speaker 17: Well, it's highly unlikely any Democrats going to take advice

827
00:40:26,400 --> 00:40:27,120
Speaker 17: from Rick Davis.

828
00:40:27,160 --> 00:40:29,400
Speaker 3: But but he knows you if.

829
00:40:29,320 --> 00:40:33,600
Speaker 17: Listening, look, Joe, keep doing what you're doing. The reality

830
00:40:33,719 --> 00:40:37,000
Speaker 17: is he's this is a earlier stage campaign activity than

831
00:40:37,040 --> 00:40:39,239
Speaker 17: I thought he was going to do. You know, he's

832
00:40:39,239 --> 00:40:42,080
Speaker 17: got twenty fundraisers in the month of June, and they're

833
00:40:42,120 --> 00:40:45,960
Speaker 17: not all him, but half of them are. And the

834
00:40:46,040 --> 00:40:48,840
Speaker 17: reality is, you know, that's a lot of fundraising for

835
00:40:48,960 --> 00:40:52,080
Speaker 17: the chief executive. As Ryan said, there are a lot

836
00:40:52,120 --> 00:40:54,399
Speaker 17: of day job requirements. Right, He's got you know, Prime

837
00:40:54,400 --> 00:40:56,279
Speaker 17: mister Modi coming in this week, He's got a lot

838
00:40:56,320 --> 00:40:58,799
Speaker 17: of other things going on, and for him to be

839
00:40:58,840 --> 00:41:01,719
Speaker 17: taking time out to sort of, you know, work the

840
00:41:01,760 --> 00:41:05,920
Speaker 17: fundraising shtick is is really a bad use of his time.

841
00:41:06,600 --> 00:41:08,960
Speaker 17: You know, most presidents will all on their vice president

842
00:41:09,040 --> 00:41:11,759
Speaker 17: to be the chief fundraiser, and I would think he

843
00:41:12,200 --> 00:41:13,880
Speaker 17: needs to be doing the same thing. The fact that

844
00:41:13,880 --> 00:41:16,959
Speaker 17: he's even had a rally in Philadelphia that you played

845
00:41:16,960 --> 00:41:21,200
Speaker 17: a clip from is shocking to me. It creates an

846
00:41:21,200 --> 00:41:24,359
Speaker 17: expectation that now that's the tempo right that you're If

847
00:41:24,400 --> 00:41:26,319
Speaker 17: he goes a month without another rally, people are going

848
00:41:26,400 --> 00:41:28,680
Speaker 17: to be saying, how what happened to his campaign? Now

849
00:41:28,719 --> 00:41:31,759
Speaker 17: he's not doing anything. So the minute you tip it off,

850
00:41:31,800 --> 00:41:33,880
Speaker 17: there's going to be an expectation that you're going to

851
00:41:33,880 --> 00:41:37,680
Speaker 17: actually do more. And I think that's probably not in

852
00:41:37,760 --> 00:41:39,960
Speaker 17: his best interest because I think the more you see

853
00:41:39,960 --> 00:41:43,480
Speaker 17: of Joe Biden, the more concerned you are that he

854
00:41:43,520 --> 00:41:47,360
Speaker 17: can survive along and grueling campaign. So make the campaign shorter.

855
00:41:48,000 --> 00:41:51,120
Speaker 17: And so I think this has been kind of an

856
00:41:51,120 --> 00:41:53,719
Speaker 17: interesting week. I think, you know, for people who are

857
00:41:53,719 --> 00:41:55,960
Speaker 17: in the political business are a little bit surprised he's

858
00:41:55,960 --> 00:41:57,600
Speaker 17: putting himself out there as much as he is.

859
00:41:57,800 --> 00:41:59,799
Speaker 3: What do you think, then, Genie's Joe Biden keep up

860
00:41:59,840 --> 00:42:03,840
Speaker 3: the this cadence? Has he just made life more difficult for himself?

861
00:42:04,760 --> 00:42:06,800
Speaker 15: You know, I did not think he was going to

862
00:42:06,840 --> 00:42:09,759
Speaker 15: get out in full force until after Labor Day, I

863
00:42:09,800 --> 00:42:12,279
Speaker 15: have to tell you. So I was a little bit surprised.

864
00:42:13,000 --> 00:42:15,520
Speaker 15: That said, we know that he wants to beat those

865
00:42:15,560 --> 00:42:18,680
Speaker 15: second quarter or get ahead of those second quarter fundraising deadlines,

866
00:42:18,719 --> 00:42:20,719
Speaker 15: so he's gonna be out there raising money. But the

867
00:42:20,840 --> 00:42:24,200
Speaker 15: rally part is what surprised me. You know, I do

868
00:42:24,320 --> 00:42:26,560
Speaker 15: think though that they have got to be looking at

869
00:42:26,600 --> 00:42:29,280
Speaker 15: some of these polls and while he is obviously ahead

870
00:42:29,320 --> 00:42:31,839
Speaker 15: and of course going to get the you know, get

871
00:42:31,840 --> 00:42:35,799
Speaker 15: the nomination unless something's very bizarre happens, you know, they've

872
00:42:35,800 --> 00:42:38,719
Speaker 15: got to be looking and thinking that, how is a

873
00:42:38,760 --> 00:42:41,360
Speaker 15: guy like Robert F. Kennedy, who sort of plays in

874
00:42:41,400 --> 00:42:45,040
Speaker 15: conspiracy theories on vaccines and other things ahead by you know,

875
00:42:45,560 --> 00:42:48,680
Speaker 15: polling double digits. It's because of ambivalence on the Democratic

876
00:42:48,760 --> 00:42:51,000
Speaker 15: side that's got to be worrying. That's why I think

877
00:42:51,000 --> 00:42:53,359
Speaker 15: they're out unreal.

878
00:42:53,080 --> 00:42:55,520
Speaker 3: Genie Schanzano and Rick Davis to think we'll be talking

879
00:42:55,560 --> 00:42:57,799
Speaker 3: about this a year from now and we still won't

880
00:42:57,880 --> 00:43:00,880
Speaker 3: know our signature panel back today, I love it. And

881
00:43:00,920 --> 00:43:03,520
Speaker 3: some final thoughts straight ahead from Rick and Jeanie. I'm

882
00:43:03,600 --> 00:43:05,400
Speaker 3: Joe Matthew. This is Bloomberg.

883
00:43:07,000 --> 00:43:10,400
Speaker 1: You're listening to The Bloomberg Sound on podcast. Catch the

884
00:43:10,400 --> 00:43:14,319
Speaker 1: program live weekdays at one Eastern on Bloomberg Radio, the

885
00:43:14,360 --> 00:43:16,520
Speaker 1: tune in app, Bloomberg dot Com, and the.

886
00:43:16,480 --> 00:43:17,680
Speaker 6: Bloomberg Business App.

887
00:43:17,840 --> 00:43:20,680
Speaker 1: You can also listen live on Amazon Alexa from our

888
00:43:20,719 --> 00:43:24,800
Speaker 1: flagship New York station, Just Say Alexa played Bloomberg eleven

889
00:43:24,880 --> 00:43:26,960
Speaker 1: thirty Big News.

890
00:43:26,800 --> 00:43:29,000
Speaker 3: Today with the Trump trial dat as we've been discussing

891
00:43:29,040 --> 00:43:31,560
Speaker 3: August fourteen. And while no one on this program at

892
00:43:31,640 --> 00:43:34,319
Speaker 3: least seems to think the trial will begin that day,

893
00:43:34,920 --> 00:43:37,040
Speaker 3: Donald Trump still needs to build a legal team or

894
00:43:37,040 --> 00:43:40,879
Speaker 3: finish building it, and maybe we found a contender here.

895
00:43:42,360 --> 00:43:46,840
Speaker 3: Enter Oj Simpson offering legal advice to the former president

896
00:43:47,000 --> 00:43:47,520
Speaker 3: on Twitter.

897
00:43:47,600 --> 00:43:51,600
Speaker 18: I'm about share some advice that I got from some

898
00:43:51,640 --> 00:43:55,880
Speaker 18: of the greatest legal minds of our generation, of my lifetime.

899
00:43:56,080 --> 00:44:02,319
Speaker 18: Flee Bailey, Alan Dershell with Johnny Cochranbob's the Great very

900
00:44:02,440 --> 00:44:08,040
Speaker 18: Shit and Peter Newfeld, Malcolm Laverne here in Vegas, good Lord.

901
00:44:08,160 --> 00:44:10,759
Speaker 18: One thing they all told me and stress to me.

902
00:44:11,680 --> 00:44:16,440
Speaker 18: Do not talk about the case publicly. Do not do

903
00:44:16,600 --> 00:44:18,600
Speaker 18: interviews about the case.

904
00:44:18,719 --> 00:44:24,160
Speaker 3: Do not talk about the case publicly. He said, I have.

905
00:44:24,239 --> 00:44:28,040
Speaker 8: Every right to have those boxes. This is purely a

906
00:44:28,120 --> 00:44:31,959
Speaker 8: presidential records Act. This is not a criminal thing. In fact,

907
00:44:32,000 --> 00:44:34,520
Speaker 8: the New York Times have all had a story just

908
00:44:34,560 --> 00:44:37,919
Speaker 8: the other day that the only way Nara could ever

909
00:44:37,960 --> 00:44:40,560
Speaker 8: get this stuff this back?

910
00:44:40,920 --> 00:44:42,200
Speaker 3: Yes, would be pleased?

911
00:44:42,360 --> 00:44:43,880
Speaker 8: Please please could we have it back?

912
00:44:44,040 --> 00:44:47,239
Speaker 3: Yes night with Brett Baer. We've been through this, Rick

913
00:44:47,280 --> 00:44:51,399
Speaker 3: and Genie in our remaining moment here. As crazy as

914
00:44:51,440 --> 00:44:54,839
Speaker 3: it might sound, Rick Davis, the good advice is coming

915
00:44:54,880 --> 00:44:55,840
Speaker 3: from Oj Simpson.

916
00:44:56,400 --> 00:45:01,000
Speaker 17: Yeah, take OJ's advice, maybe even some gloves that don't

917
00:45:01,000 --> 00:45:04,120
Speaker 17: fit while you're in court. Maybe he's going to need

918
00:45:04,160 --> 00:45:06,839
Speaker 17: to throw every trick in the book in his case.

919
00:45:06,880 --> 00:45:09,200
Speaker 17: But he's right, I mean, don't talk about the case.

920
00:45:09,200 --> 00:45:13,000
Speaker 17: But Donald Trump has a zero chance of following that advice.

921
00:45:13,120 --> 00:45:15,880
Speaker 3: Knowing that this interview is going to be part of testimony,

922
00:45:16,080 --> 00:45:19,120
Speaker 3: a likely part of the trial. Here, Genie, this is

923
00:45:19,120 --> 00:45:21,800
Speaker 3: why he's having trouble finding lawyers. Right, you can't control

924
00:45:21,840 --> 00:45:23,120
Speaker 3: the client, that's right.

925
00:45:23,120 --> 00:45:25,480
Speaker 15: And OJ is feeling his pain. It's good to know

926
00:45:25,560 --> 00:45:28,480
Speaker 15: OJ learned so much from his experience. And if the

927
00:45:28,480 --> 00:45:31,239
Speaker 15: golf shurf doesn't fit, you must equip. And that's where

928
00:45:31,239 --> 00:45:31,879
Speaker 15: we are right now.

929
00:45:31,960 --> 00:45:34,640
Speaker 3: Yeah, did it? Did it? I mean I guess it

930
00:45:34,719 --> 00:45:36,799
Speaker 3: all makes sense when this all comes together at some

931
00:45:36,800 --> 00:45:39,440
Speaker 3: point since we refer to the Bronco every time we

932
00:45:39,480 --> 00:45:43,200
Speaker 3: see the helicopters chasing the motorcade on the way to court.

933
00:45:44,160 --> 00:45:46,840
Speaker 3: Yeah wow, you two. Great to have Rick and Jeannie

934
00:45:46,920 --> 00:45:47,120
Speaker 3: back