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Speaker 1: Now from our nation's capital. This is Bloomberg Sound On.

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Speaker 1: Joe Biden has sold off more of our oil reserves

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Speaker 1: than every US president in history combined. If Congress were

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Speaker 1: to pass HR, the president would be to us now.

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Speaker 1: House Republicans are using their narrow majority to force the

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Speaker 1: American people to pay higher gas prices. Bloomberg Sound On, Politics,

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Speaker 1: Policy and perspective from DC's Top Names Today, I'm announcing

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Speaker 1: that the United States will be sending Abram tanks to Ukraine.

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Speaker 1: The only way to launsting piece is to make it

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Speaker 1: clear to put him that he will not win on

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Speaker 1: the Battle of fire. Bloomberg Sound On with Joe Matthew

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Speaker 1: on Bloomberg Radio. Congress set to vote on new restrictions

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Speaker 1: for our strategic petroleum reserve. The White House says it

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Speaker 1: will only send gas prices higher. Welcome to the fastest

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Speaker 1: hour in politics, as we zero in on the Enter

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Speaker 1: G showdown this week in Washington and a conversation with

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Speaker 1: Bob McNally of Rapid Down Energy, the author of Crude Volatility.

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Speaker 1: How Speaker Kevin McCarthy spikes two prominent Democrats from the

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Speaker 1: Intelligence Committee. He'd like to make it three. We'll have

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Speaker 1: more on the drama in the House, and the tanks

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Speaker 1: will roll in Ukraine from Germany and the US. Bloomberg

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Speaker 1: National security expert Nick Wadhams will have the latest and

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Speaker 1: will review it all with our panel. Bloomberg Politics contributor

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Speaker 1: Democratic analyst Genie Schanzano alongside Republican strategist mc gorman of

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Speaker 1: Targeted Victory. Today's Bloomberg Government Energy briefing lays it out

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Speaker 1: as usual, the Strategic Petroleum Reserve emerging as an early

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Speaker 1: battlefront for the new Congress. The House Republican Caucus looking

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Speaker 1: to pass another bill here this week tomorrow. HR one

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Speaker 1: is what it's called that would limit the use of

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Speaker 1: the SPR. Senators are pushing related legislation. The Strategic Production

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Speaker 1: Response Act would in fact hie draw downs from the

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Speaker 1: nation SPR, say President Biden, President whomever wanted to release

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Speaker 1: the barrels for any reason. It would tie the draw

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Speaker 1: downs to plans for greater fossil fuel development on federal

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Speaker 1: lands and in federal waters. Congresswoman at least A Fanic

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Speaker 1: was among the Republican leadership, held a news briefing on

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Speaker 1: this today. She chairs the House Republican Caucus. Listen our

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Speaker 1: strategic petroleum reserves. Oil is only supposed to be used

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Speaker 1: for national security events, but Joe Biden has sold nearly

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Speaker 1: of our stockpile since being elected. In fact, Joe Biden

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Speaker 1: has sold off more of our oil reserves than every

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Speaker 1: US president in history combined. Today are crucial emergency oil

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Speaker 1: reserves are at the lowest level in my lifetime. Google

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Speaker 1: that It's just four if you don't feel old. The

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Speaker 1: only days after the administration issued a veto threat, here's

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Speaker 1: Energy Secretary Jennifer Graham at the White House on Monday.

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Speaker 1: Proposals like HR one, which risks raising these gas prices

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Speaker 1: and make it an offer harder to offer Americans relief

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Speaker 1: in the future, are simply nonstarted. So I'll be very clear,

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Speaker 1: if Congress were to pass HR the President would ve

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Speaker 1: to it. Okay, there it is. So that's what got

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Speaker 1: everyone wound up. Ahead of the briefing today, Republican Majority

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Speaker 1: Leader Steve Scalie threw back at the Energy Secretary. Here

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Speaker 1: he is in the veto threat. He actually said that

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Speaker 1: his policies of ratings FRO have led to lower gas prices. Now,

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Speaker 1: I don't know if the calculator is broken at the

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Speaker 1: White House. But since Joe Biden's been in office, we've

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Speaker 1: seen a increase in gas prices. Breast Secretary Karine Jean Pierre,

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Speaker 1: back at the White House today, says no, the calculator

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Speaker 1: is working, and you're the one who will make gas

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Speaker 1: prices higher. Here's the secretary. Prices are down about a

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Speaker 1: dollar sixty a gallon since last summer. Now, House Republicans

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Speaker 1: are using their narrow majority to force the American people

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Speaker 1: to pay higher gas prices, just as big oil companies

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Speaker 1: are amassing record profits. Okay, we can ping pong all

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Speaker 1: day like this up and down Pennsylvania Avenue. I've got

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Speaker 1: the tape. What we wanted to talk with Bob McNally instead,

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Speaker 1: the founder and president of Rapid and Energy is here,

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Speaker 1: the author of Crude Volatility, The History and Future of

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Speaker 1: Boom Bust oil Prices. Bob, welcome back. I'm trying to

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Speaker 1: figure out who's correct here. Maybe it's everyone. Would restrictions

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Speaker 1: on the spr essentially handcuffing the president result in higher

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Speaker 1: gas prices. Hey, Joe, great to be with you, and

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Speaker 1: a lot of politics going on with the spry parts.

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Speaker 1: So to answer your question, No, so actually, on HR

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Speaker 1: would only apply to non emergency sales, so it based

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Speaker 1: He says, look, look, if the president just wants to

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Speaker 1: release SPR crew for the heck of it, or the converse,

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Speaker 1: is going to continue with these non emergency sales. Because

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Speaker 1: let's remember both parties have thought it was a good

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Speaker 1: idea in recent years to order a draining of the

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Speaker 1: SPR to pay for non energy stuff, right, But with

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Speaker 1: this bill comes along and says, look, for emergencies, he

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Speaker 1: can do what he needs to do. That's fine, But

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Speaker 1: if it's a non emergency sale, you can't do it

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Speaker 1: unless you get some more leasing going. Okay, So just

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Speaker 1: a correction on that side, the important distinction and I

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Speaker 1: and and thank you for it, because that's a big

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Speaker 1: part of the argument. You know, how do you qualify

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Speaker 1: how do you qualify a crisis or an emergency? If

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Speaker 1: the if the price of gas is five dollars, is

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Speaker 1: that an economic emergency, Well, that's a political emergency, right

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Speaker 1: and uh and uh, you know, President Biden, Let's remember

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Speaker 1: the first SPR released was in November, and that was

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Speaker 1: well before the Russian invasion of Ukraine. That was just

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Speaker 1: rising oil from the market was just tightening. There was

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Speaker 1: no supply disruption you know the other most other countries

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Speaker 1: didn't go a long That was sort of like when

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Speaker 1: President Clinton ordered a release two months before the two

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Speaker 1: thousand elections. So those were politically you know what, Joe,

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Speaker 1: to be fair, in March, when Russia invaded Ukraine, we

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Speaker 1: had a no kidding emergency or the risk of one,

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Speaker 1: and so I think you can he was almost justified

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Speaker 1: in beginning the emergency release in March, but by the

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Speaker 1: summer it was clear we weren't going to lose all

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Speaker 1: the Russian supply. Putin was able to redirect with the barrel,

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Speaker 1: so they should have suspended. So look, these are all

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Speaker 1: these these releases have to be taken each in their

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Speaker 1: own context to be you know, objectively analyzed. This isn't

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Speaker 1: gonna past I'm assuming anyway, this looks like a messaging

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Speaker 1: bill if certainly the President says it's gonna veto it,

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Speaker 1: but it's it's unlikely to get through the Democratic controlled Senate.

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Speaker 1: Should there be some new guidelines for the SPR? Is

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Speaker 1: this a problem as at least? Dephonic outlines the recent

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Speaker 1: draw down in the in the SPR. She says it's

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Speaker 1: the lowest since she's been alive. Bob, Yeah, absolutely lowis

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Speaker 1: since by my account December of three so forty years

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Speaker 1: basically the lowest and forty years it's a huge problem.

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Speaker 1: Let me suggest a man bites dogs silver lining here.

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Speaker 1: As I mentioned, both parties thought it was a good

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Speaker 1: idea twe thousand and seventeen two thousand eighteen to order

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Speaker 1: a release of the spr to drain it. Okay, what

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Speaker 1: you could say is at least both the Biden White

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Speaker 1: House and Congress are starting to turn away from that

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Speaker 1: and say, maybe it's not a good idea to sell

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Speaker 1: this thing down now. Biden folks just saying we want

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Speaker 1: to refill it, and we want to do it in

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Speaker 1: a way that hopefully will encourage more shale production. The

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Speaker 1: Republicans are saying, look, no more of these uh, non

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Speaker 1: emergency giveaways unless we at least get domestic production. A

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Speaker 1: good news story here. The silver lining is both parties

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Speaker 1: at least are starting to realize it was a mistake

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Speaker 1: to drain our reserve. Even though we're that exporter of oil,

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Speaker 1: the world is still dangerous, there's still geopolitical disruption risk,

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Speaker 1: and our economy and our our consumers uses are still

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Speaker 1: and John Pierre, the White House would would disagree with

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Speaker 1: you on that. They say it's not a it's not

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Speaker 1: a mistake. We brought gas prices down a dollar sixty cents. Well,

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Speaker 1: you know, you can argue that every which way to

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Speaker 1: Sunday they announced the release on March one of two

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Speaker 1: thousand twenty two, crude prices still roofed another, you know,

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Speaker 1: almost forty forty bucks intra day. So the market, you know,

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Speaker 1: there's no question that the release of the SPR barrels

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Speaker 1: and last year went into commercial inventories and likely prevented

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Speaker 1: a drop a further drop in commercial inventories. But you

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Speaker 1: know what, now we're that much lower in emergency stocks.

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Speaker 1: What if somebody attacks Iran or around talk somebody else

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Speaker 1: this this later this year. What if we lose Libya?

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Speaker 1: What if we just we put secondary sanctions on Russia

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Speaker 1: and lose a lot of Russia. The point is we're

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Speaker 1: sailing off into very dangerous waters with, as Congressman Sephonic

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Speaker 1: pointed out, much lower SPR barrels. We can argue about

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Speaker 1: what impact they had on price. Last year. My view

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Speaker 1: was all Russia. We went up because we thought Russia

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Speaker 1: would come out, and then when the prices fell, when

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Speaker 1: Russia didn't go out. But going forward, we're short, we're

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Speaker 1: under something. We have reduced emergency buffers. That's a fact.

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Speaker 1: I want to ask you about refilling the SPR there. Uh,

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Speaker 1: it hasn't been as easy as thought. I guess, as

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Speaker 1: we've reported, the Department of Energy has received several offers

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Speaker 1: to refill the SPR now that they are soliciting them

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Speaker 1: to have been rejected. They've they have been rejected all

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Speaker 1: in all, and they weren't even that large. These were

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Speaker 1: like I think it was for nine million or something

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Speaker 1: of three million barrel pilot program. They were rejected as

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Speaker 1: too expensive, for for for failing to meet other requirements.

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Speaker 1: We're talking about the potential for hundred dollars a barrel

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Speaker 1: crewed again this year. Bob, How's the White House is

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Speaker 1: going to refill this thing? Well, there's a couple of

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Speaker 1: ways and now. And first of all, I think it's

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Speaker 1: to their credit that they're talking about refilling it. So

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Speaker 1: the first way is they canceled a hundred and forty

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Speaker 1: million barrels of non emergency draw downs that would have

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Speaker 1: taken place later this decade. So that's a good thing.

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Speaker 1: At least we're not going to draw down those now,

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Speaker 1: as you pointed out, they're trying to refill. One option

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Speaker 1: they have is to accelerate the return of those exchanged

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Speaker 1: barrels from November of one, that's twenty four million barrels

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Speaker 1: is supposed to come back in four They could say, hey,

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Speaker 1: we want that back sooner. So that's another option they're

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Speaker 1: looking at. Finally, as you pointed out, Uh, they tried

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Speaker 1: this sort of test case, a three million barrel purchase

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Speaker 1: with this new authority that would allow them to basically

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Speaker 1: negotiate futures prices. You have to get another Weeds to

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Speaker 1: explain it, and that turned out to not work out

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Speaker 1: too well. The bids weren't really adequate. And now they're

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Speaker 1: going to come back with can use the old fashioned

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Speaker 1: just pay at the index price. So they still have

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Speaker 1: an ability to be still And they said, we want

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Speaker 1: to rebuild about sixteen million barrels. I think they're gonna do.

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Speaker 1: I think it's more of the realistic to expect more

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Speaker 1: like ten million barrels this year. But they said finally

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Speaker 1: to only the boil prices get down to, you know,

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Speaker 1: below seventy a barrel for a period of time. So

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Speaker 1: I don't think they're gonna hire you right now, but

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Speaker 1: they have tools to do it. They started to do

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Speaker 1: it in some ways by at least canceling future sales,

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Speaker 1: and I think they need it when they say they

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Speaker 1: want to rebuilt. Bob. Great to have you back, Bob

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Speaker 1: McNally with some real insights into this story that's not

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Speaker 1: getting enough coverage. It will. This is what everyone will

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Speaker 1: be talking about when they vote on this and the

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Speaker 1: veto happens and so forth. Later in the week. Bob mcnalley,

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Speaker 1: Founder President Rapid and Energy. The book is Crude Volatility

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Speaker 1: on Joe Matthew and Washington and off we're running here

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Speaker 1: with breaking news. How about it? The minute we started

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Speaker 1: the fastest hour in politics. Meta reinstates Donald Trump's Facebook

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Speaker 1: and Instagram accounts after a two year ban. Did you

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Speaker 1: forget he was on face? I don't know. Everyone's looking

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Speaker 1: at Twitter right, you're waiting for the reinstatement on Twitter.

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Speaker 1: But he had tens of millions of people watching him

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Speaker 1: on Facebook as well, and so there's some significance to this.

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Speaker 1: I suspect. As we consider the next move for Meta

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Speaker 1: and Donald Trump, we assemble our panel Bloomberg Politics contributor

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Speaker 1: and Democratic analyst Jennie Schanzano is back with Mac Gorman today,

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Speaker 1: vice president Targeted Victory, former communications director of the National

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Speaker 1: Republican Campaign Committee. It's great to have you both here. Uh, Matt,

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Speaker 1: I'll start with you. Is this a legitimizing factor or

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Speaker 1: does nobody care about Facebook? I think it's when it

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Speaker 1: comes to Trump, I think it's less about the medium

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Speaker 1: at this point and more about how the message has covered, right.

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Speaker 1: I mean, he's been doing his truth social thing, and

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Speaker 1: let's face it, reporters have true social accounts. They can

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Speaker 1: write about what he says in there, and to some

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Speaker 1: extent they have, but it's about whether it makes news

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Speaker 1: and whether it impacts. It hasn't ever since he's been

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Speaker 1: really banned the first time, and so you know, I

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Speaker 1: think the bigger worrisome things he just doesn't make news anymore,

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Speaker 1: and the same way doesn't kind of blot out the

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Speaker 1: atmospheres that it used to. I think it's less about

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Speaker 1: the message and more about the medium and more about

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Speaker 1: the time. What does this say about the company? Genie. Obviously,

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Speaker 1: Elon Musk got a lot of flak, although we haven't

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Speaker 1: seen a tweet yet for reinstating Uh. The Twitter account.

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Speaker 1: Does this matter? On everyone's parents Facebook? Um, he's back.

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Speaker 1: It's good news for Donald Trump. We'll see when he

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Speaker 1: starts posting. He hasn't posted on Twitter. Yet. Um, you

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Speaker 1: know it does I mean, you know, Meta was accused

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Speaker 1: of censorship, and not just of Donald Trump but conservatives field.

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Speaker 1: Their voices have been censored, and so they have been

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Speaker 1: dealing with that since they banned him. And again it's

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Speaker 1: not just him. There have been others who were banned

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Speaker 1: who have said similar things about that. And so the

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Speaker 1: question in my mind is what are they doing to

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Speaker 1: ensure that the whole reason they took him off after

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Speaker 1: January six doesn't repeat itself? And how do they respond

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Speaker 1: if and when he or somebody else says something that

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Speaker 1: incites violence or other reasons they would remove him. But

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Speaker 1: for Donald Trump, the reality of Facebook, I think we

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Speaker 1: have to really be clear on this is not us messaging.

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Speaker 1: It is fundraising. That was a huge source of fundraising

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Speaker 1: for him in twenty and so this is critically important

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Speaker 1: for him today because he has not been able to

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Speaker 1: fundraise the way he needs to for four as of

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Speaker 1: yet and it's still early. Obviously, Matt does this relax? Uh?

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Speaker 1: Some of the criticism or the victory all that Republicans

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Speaker 1: have in many cases in Washington for Facebook and similar platforms. Well,

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Speaker 1: I just want to point out one thing. I mean,

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Speaker 1: my firm does political fundraising, not for Trump, but we

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Speaker 1: do digital fundraising. His fundraising has been gangbusters and it

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Speaker 1: always has been. And that's a large part less Facebook,

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Speaker 1: but more peer to peer texting and also email among

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Speaker 1: other things. So I don't think you're gonna see some

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Speaker 1: you know, cash windfall. It's been held back because he's

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Speaker 1: not been on Facebook. We would have seen that. But also, look,

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Speaker 1: I think candidly, again, I think this really won't change

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Speaker 1: in terms of the bait that much. But I think

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Speaker 1: what I'm again not to be a broken record, I'm

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Speaker 1: really interesting is when he says things to be provocative

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Speaker 1: but not necessar against the rules, but to be provocative

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Speaker 1: to gain coverage. I tend to think it won't get

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Speaker 1: the same coverage to three years ago. Well, you know,

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Speaker 1: meta Facebook, whatever you want to call it. Jennie has

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Speaker 1: a pretty complicated relationship with Washington. Does this does this

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Speaker 1: call the dogs off in terms of conservative criticism or

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Speaker 1: are we're still going to see the social media hearings

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Speaker 1: this year with the new Republican majority. Oh, I don't

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Speaker 1: think it's going to call them off. I think they

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Speaker 1: will still go forward. They will still be seeking to

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Speaker 1: take action. There is obviously there's there's bipartisan frustration with

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Speaker 1: social media like Meta, and for Republicans, it is this

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Speaker 1: fact that they the sense that they feel that their

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Speaker 1: voices are being censored on these platforms, and they really

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Speaker 1: want to take action on that. And of course there

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Speaker 1: are other issues as well, but but that is enormously important.

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Speaker 1: So they will will go forward with that, regardless of

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Speaker 1: Donald Trump and whether he's back or not. I would

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Speaker 1: say this also benefits Joe Biden because the reality is

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Speaker 1: the more Trump, the better for Joe Biden. So if

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Speaker 1: he comes on, you know, Democrats are secretly cheering. Nous

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Speaker 1: Jenny Schanzano and Matt Gorman our panel for today. They're

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Speaker 1: back with a lot more and boy, just imagine the

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Speaker 1: photographs Zuckerberg Trump at Mara Lago. Maybe they'll golf together.

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Speaker 1: It's the fastest hour in politics. I'm Joe, Matthew and Washington.

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Speaker 1: Thanks for joining us. This is Bloomberg. If you've got

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Speaker 1: the briefing I got from the FBI. You wouldn't have

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Speaker 1: swallow on anything. Even though we have said publicly these

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Speaker 1: smears are bringing death threats, he continues to do it,

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Speaker 1: which makes us believe that there's an intent behind the

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Speaker 1: Cardinal sin appears to be that I led the impeachment

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Speaker 1: of his master and Mara Lago apologize. Um. It's been

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Speaker 1: Um two and a half terms ago. I think it's

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Speaker 1: ridiculous that the Speaker would kick two good members who

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Speaker 1: know a lot about the intelligence world um off of

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Speaker 1: the committee, while at the same time seating George Santos

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Speaker 1: and giving him to committee assignments. Santos is not on

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Speaker 1: the Intel Committee. But you know what, those voters elected

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Speaker 1: Shift even though he lied. Those voters elected Swallwell, even

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Speaker 1: though he lied to the American public too. It is

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Speaker 1: about revenge. But we will not be quiet. We're not

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Speaker 1: going away. I think you'll regret giving all three of

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Speaker 1: us more time on our hands. And we're just getting started.

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Speaker 1: Kevin McCarthy did promise he was gonna do it, and

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Speaker 1: here he is, this new Speaker of the House, blocking

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Speaker 1: Democrats Adam Schiff and Eric Swalwell from serving on the

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Speaker 1: Intelligence Committee. And we'll go through the reasons why here

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Speaker 1: in a moment, this is important that the you know,

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Speaker 1: the Speaker can do this on this particular appointments to

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Speaker 1: the Permanent Select Committee on Intelligence, unlike most other House committees,

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Speaker 1: are within the prerogative of the Speaker. So this is done.

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Speaker 1: The question that will follow here is what happens with

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Speaker 1: Ellen Omar, the congresswoman who he does not want to

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Speaker 1: serve on foreign affairs. That will come down likely to

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Speaker 1: a big floor fight. But my goodness, the drama is

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Speaker 1: really getting going here, Speaker McCarthy. Let's go through them now.

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Speaker 1: Adam Schiff, of course, who was chair of that committee

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Speaker 1: and lead the impeachment trial of Donald Trump, not in

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Speaker 1: the good graces of Kevin McCarthy, who says he lied

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Speaker 1: to the American people. Here's the Speaker, what happens in

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Speaker 1: the Intel Committee. You don't know what happens in the

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Speaker 1: Intel Committee, that the secrets are going on in the world.

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Speaker 1: Other members of Congress don't know what did Adam Schiff

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Speaker 1: do with the chairman of the Intel Committee. What Adam

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Speaker 1: shift did use his power as a chairman and lie

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Speaker 1: to the American public. Even the Expector General said it

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Speaker 1: when Devin Nooneth put out a memo. He said it

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Speaker 1: was false when we had a laptop. He used it

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Speaker 1: before an election to be politics and say that it

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Speaker 1: was false and said it was the Russians when he

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Speaker 1: knew different. Got it. Okay, that's the deal with Adam Schiff.

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Speaker 1: How about Eric Swawell, Congressman from California. Again, Speaker McCarthy,

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Speaker 1: let's talk about Swalwell, because you have not had the

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Speaker 1: briefing that I had. I had the briefing of Nancy

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Speaker 1: Pelosi had the briefing from the FBI. The FBI never

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Speaker 1: came before this Congress to tell the leadership of this

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Speaker 1: Congress that Eric Swalwell had a problem with a Chinese

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Speaker 1: spy until he served on Intel. So it wasn't just

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Speaker 1: us who were concerned about the FBI was concerned about

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Speaker 1: putting a member of Congress on the Intel Committee. So

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Speaker 1: you're done. Interesting, as you heard just a couple of

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Speaker 1: moments ago, with all of that sound today from the

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Speaker 1: House shift Swalwell Omar held a news briefing about this.

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Speaker 1: We reassemb our panel for their take. Bloomberg Politics contributor

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Speaker 1: Democratic candalyst Genie Chanzano today with Mac Orman, Vice President

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Speaker 1: as targeted Victory Matt This is the prerogative of the speaker.

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Speaker 1: The lawmakers here have been booted from the Intelligence Committee.

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Speaker 1: Say it's revenge for Marjorie Taylor Green? Which one do

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Speaker 1: you say? It's both? I mean, folks are very clear

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Speaker 1: that it was unheard of previously to not seat people

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Speaker 1: on these committees, but Pelosi did it. Uh, And they

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Speaker 1: warned that this is going to be now a standard

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Speaker 1: that will hold future majorities too. And nobody's in the

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Speaker 1: majority forever. And now McCarthy as his prerogative, and I

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Speaker 1: think is the right call to take people off the

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Speaker 1: Intel Committee meet Neither Shift nor Swallow can prove that

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Speaker 1: they can be trusted candidly with their actions over the

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Speaker 1: last let's say four years. For Swallow, it's been a

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Speaker 1: little longer. I think this is absolutely the right call, Absolutely, Genie.

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Speaker 1: I don't have any insight into Eric swall Wells case

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Speaker 1: beyond what's been reported out there. Uh. He's been trying

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Speaker 1: to call off Kevin McCarthy. His family has been getting

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Speaker 1: death threats. But as McCarthy keeps saying, there are two

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Speaker 1: other Democrats who he'd welcome on that panel. So what's

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Speaker 1: the problem. Well, first of all, I have to tell

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Speaker 1: you that I have to confess I did print out

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Speaker 1: Kevin McCarthy's letter to Hakim Jeffreys. It is one. It

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Speaker 1: is one to read integrity, matters, credibility, honesty, trust of

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Speaker 1: the American people. Um. All the while George Santos sits

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Speaker 1: there and you know, listen, Matt has an important point

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Speaker 1: to make these norms matter. Democrats removed Marjorie Taylor Green,

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Speaker 1: and so we knew this was coming down the pike.

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Speaker 1: Um that said, Democrats would tell you that there are

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Speaker 1: differences between these cases putting Swalwell aside and those ties

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Speaker 1: to the Chinese national and others. Adam Schiff is um

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Speaker 1: almost clearly a difference of political ideology and political differences.

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Speaker 1: Democrats would tell you. Marjorie Taylor Green, Paul gos Are,

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Speaker 1: others were removed because as they made death threats against

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Speaker 1: fellow House members. So I think the reality is we're

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Speaker 1: going to have to have a you know, sort of

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Speaker 1: uh coming together on when you can if we're going

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Speaker 1: to go down this path remove people it if ethical

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Speaker 1: character issues are going to be the mark, or political ideology,

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Speaker 1: those are going to be the mark. You've got to

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Speaker 1: be clear on that, because you know, quite frankly, Schiff

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Speaker 1: is one that's hard to get around. And let's not

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Speaker 1: forget ill hound Omar. She's not been removed. There's going

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Speaker 1: to be a vote. But she said those things several

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Speaker 1: years ago. They were deplorable. She has apologized, and even

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Speaker 1: moderate Republicans in some cases are saying that this is

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Speaker 1: a bridge too far for them as well. I want

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Speaker 1: to ask you about her Representative Omar Minnesota returning to

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Speaker 1: a seat, so she thinks on the House Committee on

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Speaker 1: Foreign Affairs, the speaker of the minority leader rather will

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Speaker 1: will set her up for this. Uh. The concern here

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Speaker 1: is met accusations that she used any semitic tropes in

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Speaker 1: earlier comments. She said again today I've apologized for that.

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Speaker 1: That was a couple of years ago. Uh. The Foreign

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Speaker 1: Affairs Committee is not like Intelligence. Though this will actually

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Speaker 1: come down to a to a floor fight. I presume

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Speaker 1: what do you think happens. Well, again, you're right, it isn't.

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Speaker 1: That's why you can't make the comparison between Schiff and

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Speaker 1: Swallow and George Santos. Again, as McCarthy said, Santos isn't

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Speaker 1: on the Intel Committee. And look, you know, she's apologized

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Speaker 1: for something she hasn't apologized for lumping in Israel, us

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Speaker 1: Hamas and the Taliban and the CNN interview back in one.

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Speaker 1: So you know it is a floor fight. You're absolutely right.

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Speaker 1: But what I noted about an hour or so ago,

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Speaker 1: the GOP at a conference and they went reviewed some

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Speaker 1: of Omar's statements. They said about five or six and

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Speaker 1: Don Bacon, who I was looking at very closely, he's

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Speaker 1: a moderate Republican from Omaha right in Nebraska. Biden won

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Speaker 1: his district. He goes, you know, I was undecided coming

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Speaker 1: into this, but after I remembered and reviewed her statements,

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Speaker 1: I'm actually going to vote against her. And look, this

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Speaker 1: is the andred them if you want to call it,

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Speaker 1: the Marjorie Taylor Green standard that Pelosi started, we are

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Speaker 1: now continuing since they start. The only African born member

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00:24:08,960 --> 00:24:10,960
Speaker 1: of Congress, though should not be seated on the Foreign

429
00:24:10,960 --> 00:24:14,280
Speaker 1: Affairs Committee, is that a good look has absolutely nothing

430
00:24:14,280 --> 00:24:16,200
Speaker 1: to do with where they were born or whatever. It

431
00:24:16,320 --> 00:24:18,760
Speaker 1: has to do with their actions. As we've stated before,

432
00:24:19,200 --> 00:24:21,240
Speaker 1: uh shift and swallow or white, they're not in the

433
00:24:21,280 --> 00:24:23,800
Speaker 1: Intel Committee. Has nothing to do with heritage or where

434
00:24:23,800 --> 00:24:25,440
Speaker 1: they were born, has been to do with their actions.

435
00:24:26,040 --> 00:24:28,120
Speaker 1: What do you think on this one, Jeannie? They are

436
00:24:28,680 --> 00:24:32,240
Speaker 1: very different cases here the Intelligence Committee versus what OMAR

437
00:24:32,320 --> 00:24:36,359
Speaker 1: is dealing with on foreign affairs. Yeah, they're absolutely different. Because,

438
00:24:36,400 --> 00:24:38,119
Speaker 1: as you said, this will come for a vote, and

439
00:24:38,200 --> 00:24:41,360
Speaker 1: we don't know yet if Republicans, if if McCarthy has

440
00:24:41,400 --> 00:24:43,200
Speaker 1: the votes to remove her, So that's going to be

441
00:24:43,280 --> 00:24:46,880
Speaker 1: a big question. Already, Victoria's sparts indicated that she may

442
00:24:46,920 --> 00:24:49,520
Speaker 1: be uncomfortable with it, may not support you know, we

443
00:24:49,600 --> 00:24:52,240
Speaker 1: don't know. We've got a member from Florida who is

444
00:24:52,280 --> 00:24:55,280
Speaker 1: out recovering from a fall apparently, so you know, the

445
00:24:55,600 --> 00:24:58,359
Speaker 1: vote is gonna matter. But I think beyond that, you know,

446
00:24:58,400 --> 00:25:02,280
Speaker 1: this raises real questions. Let's not forget Marjorie Taylor Green

447
00:25:02,520 --> 00:25:05,320
Speaker 1: is now on this committee investigating the origins of COVID.

448
00:25:05,680 --> 00:25:10,359
Speaker 1: Dr Ronnie Jackson. Many Americans believe they said things about COVID,

449
00:25:10,440 --> 00:25:15,000
Speaker 1: like about Jewish space lasers, which should keep them off

450
00:25:15,040 --> 00:25:17,280
Speaker 1: of a committee like that, And yet I don't think

451
00:25:17,320 --> 00:25:20,200
Speaker 1: there's any serious discussion of removing them, you know. So

452
00:25:20,400 --> 00:25:23,320
Speaker 1: this is the reality. And again I do think that

453
00:25:23,359 --> 00:25:27,240
Speaker 1: these norms matter, and Democrats and Republicans have to be

454
00:25:27,359 --> 00:25:29,679
Speaker 1: very careful when they go down these roads because it

455
00:25:29,760 --> 00:25:32,159
Speaker 1: comes back to haunt them in the end. I agree

456
00:25:32,240 --> 00:25:34,800
Speaker 1: with that, and so I I wish that, you know,

457
00:25:34,880 --> 00:25:37,720
Speaker 1: more adults in the room would prevail and say we

458
00:25:37,800 --> 00:25:39,719
Speaker 1: should or should not be doing this, and these are

459
00:25:39,760 --> 00:25:42,320
Speaker 1: the circumstances under which we should do it. That kind

460
00:25:42,320 --> 00:25:44,320
Speaker 1: of conversation is not being had, but it would be

461
00:25:44,400 --> 00:25:46,680
Speaker 1: very welcome. There's a lot of passion behind this one,

462
00:25:47,200 --> 00:25:50,520
Speaker 1: as you can hear in Genie's voice. Jeannie Chanzano Macworman

463
00:25:50,680 --> 00:25:53,399
Speaker 1: with us here on the panel today. Keep in mind

464
00:25:54,280 --> 00:25:59,000
Speaker 1: UH two names here. Genie mentioned Victoria's Sparks, who says

465
00:25:59,119 --> 00:26:03,520
Speaker 1: she will not vote against UH this idea, and Nancy

466
00:26:03,680 --> 00:26:07,520
Speaker 1: Mace interesting as well. South Carolina says she might not

467
00:26:07,640 --> 00:26:12,720
Speaker 1: vote with McCarthy because she wants to be consistent in

468
00:26:12,800 --> 00:26:16,879
Speaker 1: having voted against removing Marjorie Taylor Green from her committee.

469
00:26:16,880 --> 00:26:19,560
Speaker 1: Interesting cross currents here. Will know more about all of

470
00:26:19,560 --> 00:26:21,240
Speaker 1: these in the next couple of days. Will you know

471
00:26:21,720 --> 00:26:25,080
Speaker 1: what happens to them? Coming up? The tank's role in Ukraine.

472
00:26:25,119 --> 00:26:28,520
Speaker 1: We're gonna talk about this an important update on support

473
00:26:28,600 --> 00:26:32,400
Speaker 1: for the war effort. UH straight ahead with the head

474
00:26:32,440 --> 00:26:35,920
Speaker 1: of our National Security team, Nick Wadhams. And we'll get

475
00:26:35,920 --> 00:26:40,119
Speaker 1: reaction from the panel as well. This is Bloomberg, So no,

476
00:26:40,680 --> 00:26:47,240
Speaker 1: with Joe Matthew on Bloomberg Radio, Ukraine will get the tanks,

477
00:26:47,280 --> 00:26:50,080
Speaker 1: all of them. It turns out the Leopard tanks from

478
00:26:50,119 --> 00:26:55,560
Speaker 1: Germany the Abrams tanks from the US. After an incredible

479
00:26:55,640 --> 00:26:58,480
Speaker 1: week or so of diplomacy between Washington and Berlin that

480
00:26:58,520 --> 00:27:02,520
Speaker 1: finally unfolded. Today, President Biden address the nation in a

481
00:27:02,600 --> 00:27:05,560
Speaker 1: late scheduled speech. This was not on the original guidance,

482
00:27:05,600 --> 00:27:08,399
Speaker 1: the original schedule for today. From the Roosevelt Room at

483
00:27:08,400 --> 00:27:11,320
Speaker 1: the White House, here he is today. I'm announced that

484
00:27:11,400 --> 00:27:14,240
Speaker 1: the United States will be sending thirty one Abrams tanks

485
00:27:14,280 --> 00:27:19,160
Speaker 1: to Ukraine, the equivalent of one Ukrainian battalion Sector. Austin

486
00:27:19,480 --> 00:27:22,960
Speaker 1: has recommended a step because it will enhance the Ukraine's

487
00:27:23,119 --> 00:27:28,240
Speaker 1: capacity to definished territory and achieve his strategic objectives. There's

488
00:27:28,280 --> 00:27:33,720
Speaker 1: President Biden now rewind to last Friday on this broadcast

489
00:27:34,200 --> 00:27:37,800
Speaker 1: Bloomberg Sound on with the former Secretary of State Mark

490
00:27:38,040 --> 00:27:42,960
Speaker 1: Esper reacting to this idea, remembering because Germany wouldn't send

491
00:27:43,000 --> 00:27:45,439
Speaker 1: the Leopard tanks unless the US agreed to send the

492
00:27:45,480 --> 00:27:49,800
Speaker 1: Abrams tanks in Ukraine kind of needed the Leopard tanks more.

493
00:27:50,400 --> 00:27:53,639
Speaker 1: So what was suggested, Fine, we'll send the Abrams tanks

494
00:27:54,040 --> 00:27:57,840
Speaker 1: and as Esper put it, parkham in Ukraine for a moment. Listen,

495
00:27:58,240 --> 00:28:00,800
Speaker 1: I'd send a dozen tanks and you know, park them

496
00:28:00,800 --> 00:28:03,679
Speaker 1: in the western part of Ukraine and Leaviv we're familiar with.

497
00:28:03,760 --> 00:28:05,480
Speaker 1: And and if that, if that clears the way for

498
00:28:05,520 --> 00:28:07,800
Speaker 1: the Germans to do what they need to do, uh,

499
00:28:07,800 --> 00:28:09,840
Speaker 1: then sure, go ahead and do it. But what we

500
00:28:09,880 --> 00:28:13,959
Speaker 1: need are you know, dozens hundreds of German tanks leopards.

501
00:28:14,000 --> 00:28:17,600
Speaker 1: So fast forward to today and that's kind of what's happening.

502
00:28:18,240 --> 00:28:20,679
Speaker 1: Although we're not just sending Abrams tanks to park in

503
00:28:20,880 --> 00:28:24,080
Speaker 1: western Ukraine. We're putting in in order for these things.

504
00:28:24,080 --> 00:28:27,440
Speaker 1: It's it's gonna be a minute while the Leopard tanks

505
00:28:27,560 --> 00:28:31,360
Speaker 1: roll from Germany. So was this a big political win

506
00:28:31,440 --> 00:28:34,280
Speaker 1: here for the administration? John Kirby, who speaks for the

507
00:28:34,400 --> 00:28:37,480
Speaker 1: National Security Apparatus in the White House, showed up in

508
00:28:37,520 --> 00:28:40,440
Speaker 1: the briefing room today along with Karine Jean Pierre, and

509
00:28:40,440 --> 00:28:43,280
Speaker 1: he was asked about this very thing. What changed are

510
00:28:43,320 --> 00:28:45,560
Speaker 1: you guys, are you guys covering for Germany? Here? He is,

511
00:28:45,960 --> 00:28:48,960
Speaker 1: I wouldn't use the word cover. What what this decision

512
00:28:49,000 --> 00:28:52,040
Speaker 1: does do is show that how unified we are with

513
00:28:52,080 --> 00:28:54,520
Speaker 1: our allies and partners and doing all of this in

514
00:28:54,560 --> 00:28:58,600
Speaker 1: a coordinated way. So today you saw the Chancellor Schultz

515
00:28:58,640 --> 00:29:01,760
Speaker 1: announced that they're going to provide immediately a company of

516
00:29:01,840 --> 00:29:06,080
Speaker 1: Leopard tanks. He was asked repeatedly as it was this

517
00:29:06,160 --> 00:29:11,240
Speaker 1: about military or diplomacy, and he said both. Nick Wadhams

518
00:29:11,240 --> 00:29:14,440
Speaker 1: this year, the head of Bloomberg's national security team, Uh, Nick, Hi,

519
00:29:14,560 --> 00:29:18,200
Speaker 1: thanks for coming in. I'm guessing you saw this coming eventually.

520
00:29:18,240 --> 00:29:21,880
Speaker 1: We talked about it just last week. Now that it's here,

521
00:29:22,720 --> 00:29:25,120
Speaker 1: this does look like some pretty interesting back and forth

522
00:29:25,160 --> 00:29:28,320
Speaker 1: went into this. Did they finally send the Abrams tanks,

523
00:29:28,360 --> 00:29:31,440
Speaker 1: which have apparently more than Ukraine really needs and they're

524
00:29:31,440 --> 00:29:35,960
Speaker 1: difficult to maintain, just to get Germany to do the same, Well,

525
00:29:36,120 --> 00:29:38,920
Speaker 1: I think there's a bit of that. Yes. I mean

526
00:29:38,960 --> 00:29:42,840
Speaker 1: we had been hearing for weeks from US officials that

527
00:29:43,200 --> 00:29:47,920
Speaker 1: uh uh, the Abrams was really poorly suited for Ukraine,

528
00:29:48,440 --> 00:29:51,720
Speaker 1: given all the technical challenges and logistical challenges, and the

529
00:29:51,760 --> 00:29:54,320
Speaker 1: fact that the U S didn't have any it could

530
00:29:54,320 --> 00:29:56,400
Speaker 1: give and if it want, if it was going to

531
00:29:56,520 --> 00:29:59,600
Speaker 1: send abrams to Ukraine, it would need to build them

532
00:29:59,760 --> 00:30:03,720
Speaker 1: and that process can take many months. Um. So what

533
00:30:03,800 --> 00:30:05,720
Speaker 1: you see here is a reversal of the U S

534
00:30:05,720 --> 00:30:09,280
Speaker 1: strategy where they said, Okay, listen, we'll send you the abrams,

535
00:30:09,640 --> 00:30:11,280
Speaker 1: even if it means you're not going to get it

536
00:30:11,400 --> 00:30:14,400
Speaker 1: for half a year or maybe even longer. If that

537
00:30:14,440 --> 00:30:17,120
Speaker 1: means that Germany will be willing to send the leopard. Now,

538
00:30:17,400 --> 00:30:20,200
Speaker 1: so that was the calculation that President Biden made, and

539
00:30:20,560 --> 00:30:24,160
Speaker 1: he's now committed four million dollars to do that plan.

540
00:30:25,200 --> 00:30:29,080
Speaker 1: John Kirby says today two reporters in the briefing room,

541
00:30:29,240 --> 00:30:32,920
Speaker 1: you don't go after a crocodile with a corn stock. Uh.

542
00:30:32,960 --> 00:30:35,960
Speaker 1: I love the line, but he wasn't using that line

543
00:30:36,040 --> 00:30:38,800
Speaker 1: last week. How long will it actually take to get

544
00:30:38,880 --> 00:30:43,480
Speaker 1: the the m ones to Ukraine? Are we talking months? Yeah?

545
00:30:43,600 --> 00:30:47,200
Speaker 1: I think we're looking at probably about at least six months,

546
00:30:47,560 --> 00:30:50,440
Speaker 1: maybe longer. I mean these tanks take about five months

547
00:30:50,440 --> 00:30:53,120
Speaker 1: to build. Um that there is one factory in the

548
00:30:53,200 --> 00:30:57,960
Speaker 1: United States in Lima, Ohio that produces the general dynamics.

549
00:30:58,040 --> 00:31:00,320
Speaker 1: They can make about thirty a month, but uh, you

550
00:31:00,360 --> 00:31:03,120
Speaker 1: know that's going to take some time. So um, I

551
00:31:03,160 --> 00:31:05,480
Speaker 1: think you know, we're looking at about six months right now,

552
00:31:05,560 --> 00:31:07,760
Speaker 1: and that is the that is the order. We're sending

553
00:31:07,840 --> 00:31:13,560
Speaker 1: thirty one of the M one Abraham's battle tanks over there.

554
00:31:14,240 --> 00:31:16,400
Speaker 1: With that in mind, though, we have to bring a

555
00:31:16,400 --> 00:31:19,120
Speaker 1: whole bunch of back haul and other resources together. Nick

556
00:31:19,440 --> 00:31:22,000
Speaker 1: Kirby says that starts now. We literally have to find

557
00:31:22,000 --> 00:31:25,400
Speaker 1: a way to supply jet fuel to them to run

558
00:31:25,440 --> 00:31:28,920
Speaker 1: these things, along with replacement parts and everything else. Can

559
00:31:28,960 --> 00:31:32,840
Speaker 1: we train them in time for when they arrive. Well,

560
00:31:32,920 --> 00:31:36,000
Speaker 1: that the US officials say actually is not going to

561
00:31:36,120 --> 00:31:39,560
Speaker 1: be as big a problem as maybe they had initially said.

562
00:31:39,560 --> 00:31:41,400
Speaker 1: I mean, it certainly does feel like there was a

563
00:31:41,480 --> 00:31:44,360
Speaker 1: little bit of bluffing and exaggeration. You know, the US

564
00:31:45,280 --> 00:31:47,760
Speaker 1: was trying to lean on Germany to send those leopards.

565
00:31:48,280 --> 00:31:50,320
Speaker 1: You know, we've spoken to some folks who say, well,

566
00:31:50,360 --> 00:31:53,800
Speaker 1: maybe they were exaggerating the challenges a little bit. I mean, yeah,

567
00:31:53,880 --> 00:31:56,320
Speaker 1: you know, if you're totally you've never even seen a

568
00:31:56,400 --> 00:31:59,120
Speaker 1: tank before, it might take quite some time to train that.

569
00:31:59,320 --> 00:32:03,280
Speaker 1: You know. Ukraine forces have shown themselves very adept at

570
00:32:03,320 --> 00:32:05,640
Speaker 1: figuring these systems. Out of course, they're not going to

571
00:32:05,760 --> 00:32:08,920
Speaker 1: be plucking people off the streets. They would be using

572
00:32:09,280 --> 00:32:12,200
Speaker 1: gutters and tankers from Ukraine who are familiar with the

573
00:32:12,240 --> 00:32:15,160
Speaker 1: way that tanks at least operates, So it's not like

574
00:32:15,200 --> 00:32:18,320
Speaker 1: they'll be coming to this cold makes sense. So it's yeah,

575
00:32:18,400 --> 00:32:21,080
Speaker 1: so like if it were me, we wouldn't be ready.

576
00:32:21,680 --> 00:32:24,080
Speaker 1: I don't know, Joe, I don't know. Not a lot

577
00:32:24,120 --> 00:32:27,479
Speaker 1: of time in tanks. Nick. I will not speak for you, however,

578
00:32:28,080 --> 00:32:30,000
Speaker 1: you're always good to us. Nick Wadhams, thank you for

579
00:32:30,040 --> 00:32:32,600
Speaker 1: coming in the head of Bloomberg's national security team. That's

580
00:32:32,680 --> 00:32:35,240
Speaker 1: the set up here. I love to hear about it

581
00:32:35,280 --> 00:32:37,960
Speaker 1: from the panel, Genie, Schanzano and mc gorman or with us.

582
00:32:38,680 --> 00:32:41,920
Speaker 1: Joe Biden's get looking pretty good at doing this. Genie,

583
00:32:41,920 --> 00:32:44,280
Speaker 1: there were a lot of back channel talks. He was

584
00:32:44,400 --> 00:32:47,040
Speaker 1: on the phone with all of the allies this morning

585
00:32:48,040 --> 00:32:51,480
Speaker 1: before he added this speech to the schedule. It sounds

586
00:32:51,520 --> 00:32:53,840
Speaker 1: like there was quite a bit of triangulating here on

587
00:32:54,240 --> 00:32:57,000
Speaker 1: behalf of the White House. Yeah. I mean, they deserve

588
00:32:57,080 --> 00:32:59,400
Speaker 1: credit on this, and I think he was smart to

589
00:32:59,480 --> 00:33:02,480
Speaker 1: stress unity of the coalition. This is a very good

590
00:33:02,520 --> 00:33:06,280
Speaker 1: birthday gift. For Vladimir's Linsky. It's about one third we

591
00:33:06,400 --> 00:33:09,760
Speaker 1: understand of the tanks that they had requested, and you know,

592
00:33:09,840 --> 00:33:12,280
Speaker 1: I think we're hearing that the two thirds, or hopefully

593
00:33:12,280 --> 00:33:14,200
Speaker 1: at least some of those, will be made up. But

594
00:33:14,320 --> 00:33:17,120
Speaker 1: it's very very important, and it's also an important message

595
00:33:17,160 --> 00:33:20,880
Speaker 1: to Vladimir Putin. You know, this idea that NATO was

596
00:33:20,880 --> 00:33:24,240
Speaker 1: gonna blink, NATO was gonna crumble, we haven't seen any

597
00:33:24,320 --> 00:33:26,480
Speaker 1: of that, and there has been a lot of pressure

598
00:33:26,520 --> 00:33:29,680
Speaker 1: on allies like Germany. So a very very good day

599
00:33:29,760 --> 00:33:33,239
Speaker 1: for the the coalition here, and you know they do

600
00:33:33,360 --> 00:33:35,520
Speaker 1: deserve credit in the White House for keeping this moving

601
00:33:35,560 --> 00:33:37,880
Speaker 1: forward and together. This is getting to be a fairly

602
00:33:37,920 --> 00:33:40,800
Speaker 1: predictable pattern, though, isn't it, Matt Were You know, a

603
00:33:40,840 --> 00:33:44,880
Speaker 1: couple of weeks go by, say okay, now they need tanks, Well,

604
00:33:44,920 --> 00:33:48,640
Speaker 1: we can't send tanks, those are offensive weapons. Then then

605
00:33:48,680 --> 00:33:50,560
Speaker 1: well how about this country, Well we won't do it

606
00:33:50,640 --> 00:33:53,280
Speaker 1: unless you do it. And this kind of slow role

607
00:33:53,320 --> 00:33:56,560
Speaker 1: in the hesitation, I believe, as the Ukrainians referred to it,

608
00:33:56,600 --> 00:33:59,960
Speaker 1: on behalf of Germany finally gives way to them getting

609
00:34:00,120 --> 00:34:02,400
Speaker 1: what they asked for. Are we gonna be having the

610
00:34:02,440 --> 00:34:05,760
Speaker 1: same conversation about big fighter jets and whatever else is

611
00:34:05,800 --> 00:34:09,120
Speaker 1: still on the list at the end of this year. Yeah,

612
00:34:09,200 --> 00:34:11,280
Speaker 1: I mean, look, I don't think it's necessarily a bad

613
00:34:11,440 --> 00:34:14,040
Speaker 1: thing to actually have these things kind of vetted, at

614
00:34:14,120 --> 00:34:17,160
Speaker 1: least in the United States perspective. Look, I get it,

615
00:34:17,239 --> 00:34:19,520
Speaker 1: Ukraine's gonna want more and more stuff. I mean, if

616
00:34:19,520 --> 00:34:21,640
Speaker 1: I were in their scenario, I'd be asking everybody for

617
00:34:21,640 --> 00:34:23,440
Speaker 1: anything that would give them. And you know, you know,

618
00:34:23,560 --> 00:34:25,680
Speaker 1: it's always that negotiating trick. You always this for more

619
00:34:25,719 --> 00:34:27,480
Speaker 1: than you might need that second, knowing it's going to

620
00:34:27,560 --> 00:34:30,280
Speaker 1: take a little bit more time, and you might get,

621
00:34:30,320 --> 00:34:32,359
Speaker 1: you know, half away you asked for. In this case,

622
00:34:32,400 --> 00:34:33,960
Speaker 1: I believe what's in the third of what you ask

623
00:34:34,000 --> 00:34:37,439
Speaker 1: for it comes to Abrams tank. So look, I don't

624
00:34:37,520 --> 00:34:40,640
Speaker 1: mind you know, the the US and and this has

625
00:34:40,680 --> 00:34:44,000
Speaker 1: been praised by Michael McCall who's the Chairman in the

626
00:34:44,080 --> 00:34:47,759
Speaker 1: House of the Armed Service excuse me, form relations um

627
00:34:47,800 --> 00:34:49,600
Speaker 1: that this is the right thing to do. So I think,

628
00:34:49,719 --> 00:34:51,440
Speaker 1: you know, as long as you're vetted, I think it's smart.

629
00:34:52,360 --> 00:34:55,280
Speaker 1: Mcgorman and Jeannie Schanzano and thank you Jeannie for the reminder.

630
00:34:55,320 --> 00:34:59,920
Speaker 1: Happy birthday to Vladimir Zelenski. How about that forty five

631
00:35:00,120 --> 00:35:03,560
Speaker 1: years old. Today, I wonder what they're doing celebrate the

632
00:35:03,640 --> 00:35:09,120
Speaker 1: doomsday clock inches ever closer to midnight. Now it's real.

633
00:35:09,200 --> 00:35:12,200
Speaker 1: We'll have that story next time. Joe Matthew, this is Bloomberg.

634
00:35:15,719 --> 00:35:21,160
Speaker 1: This is Bloomberg. So no with Joe Matthew on Bloomberg Radio.

635
00:35:22,800 --> 00:35:25,160
Speaker 1: One of the first things I do every day. It's probably,

636
00:35:25,200 --> 00:35:26,840
Speaker 1: I hate to admit, the first thing I do. You

637
00:35:26,880 --> 00:35:29,239
Speaker 1: grab the phone right your eyes open. I grabbed the

638
00:35:29,239 --> 00:35:32,680
Speaker 1: phone and I go to the daybreak on the Bloomberg app.

639
00:35:32,800 --> 00:35:37,000
Speaker 1: D A y B go these guys. I need to

640
00:35:37,040 --> 00:35:39,279
Speaker 1: meet this cruise sometime. They do a great job. And

641
00:35:39,320 --> 00:35:42,520
Speaker 1: this is the first doom scroll frequently of the day

642
00:35:42,560 --> 00:35:46,879
Speaker 1: for me, before I even see Twitter doom scroll. This

643
00:35:46,920 --> 00:35:51,960
Speaker 1: is where I learn about the doomsday clock today, moving

644
00:35:52,040 --> 00:35:55,680
Speaker 1: ever closer to midnight. Coming off our conversation just now

645
00:35:55,719 --> 00:36:02,120
Speaker 1: about Ukraine. This is something else. They actually put together

646
00:36:02,160 --> 00:36:05,439
Speaker 1: a whole video presentation. They're coming from the National Press Club.

647
00:36:05,480 --> 00:36:07,600
Speaker 1: They line up all the experts. If you're familiar with this,

648
00:36:07,719 --> 00:36:10,560
Speaker 1: By the way, this goes back to the Manhattan Project.

649
00:36:10,640 --> 00:36:15,279
Speaker 1: The countdown of doomsday clock goes back to a nonprofit

650
00:36:15,360 --> 00:36:17,600
Speaker 1: run by some of the world's most eminent scientists. This

651
00:36:17,640 --> 00:36:20,080
Speaker 1: is supposed to be a simple way, okay, for you

652
00:36:20,120 --> 00:36:22,960
Speaker 1: and I to know when the world is going to end.

653
00:36:23,440 --> 00:36:26,280
Speaker 1: Rachel Bronson leads this whole thing. They've got the panel.

654
00:36:26,360 --> 00:36:32,160
Speaker 1: There's a clock with a black drape over it, high drama. Bronson,

655
00:36:32,200 --> 00:36:35,600
Speaker 1: chief executive for the Bulletin of the Atomic Scientists. Here

656
00:36:35,600 --> 00:36:39,239
Speaker 1: she is today. The members of the Science and Security

657
00:36:39,239 --> 00:36:43,480
Speaker 1: Board moved the hands of the doomsday clock forward, largely,

658
00:36:43,920 --> 00:36:47,560
Speaker 1: though not exclusively, because of the mounting dangers in the

659
00:36:47,600 --> 00:36:52,080
Speaker 1: war in Ukraine. We moved the clock forward the closest

660
00:36:52,160 --> 00:36:57,720
Speaker 1: it has ever been to midnight. It is now ninety

661
00:36:57,840 --> 00:37:01,840
Speaker 1: seconds to midnight. They pull the drape off the clock.

662
00:37:02,360 --> 00:37:08,120
Speaker 1: Ninety seconds to midnight. Jeannie Chanzano and Matt Gorman of

663
00:37:08,200 --> 00:37:11,560
Speaker 1: the pleasure of talking with me about this our panel today,

664
00:37:12,000 --> 00:37:14,320
Speaker 1: And it does go back to where we left off here, Genie,

665
00:37:14,360 --> 00:37:16,320
Speaker 1: to the war in Ukraine. That is the very reason

666
00:37:17,000 --> 00:37:20,440
Speaker 1: that they made this move, going back to seven. This

667
00:37:20,520 --> 00:37:25,080
Speaker 1: is the closest we've ever been to midnight. It is stunning.

668
00:37:25,160 --> 00:37:27,960
Speaker 1: And I two read about this this morning and it

669
00:37:28,080 --> 00:37:29,880
Speaker 1: was scary. I just wanted to go right back to

670
00:37:29,960 --> 00:37:33,719
Speaker 1: bed um, you know, and you're right. I mean it

671
00:37:33,760 --> 00:37:36,600
Speaker 1: comes about in seven, around World War two and all

672
00:37:36,640 --> 00:37:40,000
Speaker 1: the concern about, you know, an atomic war and all.

673
00:37:40,040 --> 00:37:43,239
Speaker 1: I keep thinking these days, if the idea is to

674
00:37:43,320 --> 00:37:48,120
Speaker 1: spark conversation, if the idea is rhetorical, and it's a

675
00:37:48,200 --> 00:37:52,400
Speaker 1: device to remind us how tenuous our current existence on

676
00:37:52,440 --> 00:37:55,320
Speaker 1: the planet is, you can just go to any social

677
00:37:55,360 --> 00:37:58,040
Speaker 1: media site and get the same thing. So I wonder

678
00:37:58,120 --> 00:38:01,880
Speaker 1: in three if this is really necessary. Maybe I'm just

679
00:38:01,920 --> 00:38:04,279
Speaker 1: hoping I'm doing better than they tell us we are. Well.

680
00:38:04,320 --> 00:38:06,600
Speaker 1: When I saw the clock with the black drape, Matt,

681
00:38:06,680 --> 00:38:08,200
Speaker 1: I don't know, that does take a little bit of

682
00:38:08,200 --> 00:38:10,640
Speaker 1: the seriousness away from this. Despite what we're talking about,

683
00:38:10,680 --> 00:38:13,480
Speaker 1: it also cries out for gallows humor. Are we really

684
00:38:13,520 --> 00:38:17,719
Speaker 1: closer to midnight than ever? Oh? This is the most

685
00:38:17,760 --> 00:38:20,160
Speaker 1: worthless thing I've ever heard of in my life. Oh

686
00:38:20,200 --> 00:38:22,440
Speaker 1: my gosh. I mean, it's just a bunch of it's

687
00:38:22,440 --> 00:38:25,240
Speaker 1: a you know, cranks trying to, you know, get some attention.

688
00:38:25,360 --> 00:38:27,759
Speaker 1: I'm sure they're very smart people, but let's let's put

689
00:38:27,760 --> 00:38:29,920
Speaker 1: it this way. You know, they were they were it

690
00:38:30,040 --> 00:38:35,520
Speaker 1: was five minutes to midnight. Okay, during the Cuban missile crisis. Yeah,

691
00:38:35,640 --> 00:38:39,759
Speaker 1: do you mean to tell me away? Yeah, exactly. It's

692
00:38:39,800 --> 00:38:42,760
Speaker 1: most worthless thing. How do you quantify a minute? Thirty seconds?

693
00:38:42,760 --> 00:38:45,040
Speaker 1: That makes no sense? You know, it's just a way

694
00:38:45,080 --> 00:38:47,240
Speaker 1: for these guys to get some attention and no offense.

695
00:38:47,280 --> 00:38:49,400
Speaker 1: Who goes to Natural Press club anymore? I don't think,

696
00:38:50,000 --> 00:38:53,560
Speaker 1: but apparently these guys do. I'm just saying. But at

697
00:38:53,640 --> 00:38:55,880
Speaker 1: least for free taco night, Matt, that's when they go

698
00:38:55,920 --> 00:38:58,960
Speaker 1: to the press. Gosh, well, I get these guys should

699
00:38:59,000 --> 00:39:00,920
Speaker 1: have way for free taco night. Would it would have

700
00:39:00,960 --> 00:39:05,200
Speaker 1: got some more pressed But no. Look, honestly, I don't

701
00:39:05,239 --> 00:39:07,360
Speaker 1: know how to quantify this thing. I think it's just

702
00:39:07,520 --> 00:39:12,759
Speaker 1: purely just a thing for media attention. Um and I

703
00:39:12,840 --> 00:39:15,000
Speaker 1: just still put mix a stock into it. I guess. Listen,

704
00:39:15,000 --> 00:39:17,560
Speaker 1: like we got him to agree on that. Nicely done, Macgorman,

705
00:39:17,640 --> 00:39:22,000
Speaker 1: Genie Chanzano, Thank you both. Bloomberg Politics contributor Genie Chanzano

706
00:39:22,080 --> 00:39:26,720
Speaker 1: mcgorman of Targeted Victory. Here on the fastest hour in Politics,

707
00:39:26,760 --> 00:39:29,880
Speaker 1: Bloomberg Sound On, which is brought to you by Innovation Refunds.

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