1 00:00:00,360 --> 00:00:03,160 Speaker 1: Live from our Nations. This budget thing is going to 2 00:00:03,240 --> 00:00:05,560 Speaker 1: do nothing with space forces. I still think it's interesting 3 00:00:05,559 --> 00:00:08,880 Speaker 1: President Trump not playing his cards yet. Headlines Policy and 4 00:00:09,039 --> 00:00:14,440 Speaker 1: Politics Colliding, Sound On with Kevin currel The insiders, the influencers, 5 00:00:14,600 --> 00:00:17,400 Speaker 1: the insides. I would rather see a congressional solution. It's 6 00:00:17,440 --> 00:00:20,400 Speaker 1: part of my DNA. The Senate map in looks a 7 00:00:20,400 --> 00:00:22,720 Speaker 1: lot different than it looked in. You really have a 8 00:00:22,720 --> 00:00:26,040 Speaker 1: divide within Team Trump. The President has to do exactly 9 00:00:26,079 --> 00:00:27,600 Speaker 1: what people send him here to do, which is to 10 00:00:27,640 --> 00:00:31,600 Speaker 1: get it done. He's Sound On with Kevin Currelate on 11 00:00:31,720 --> 00:00:36,320 Speaker 1: Bloomberg one and seven at m h D two. Boltemore 12 00:00:36,920 --> 00:00:40,920 Speaker 1: Breaking news on this Wednesday. Attorney General William Barr planning 13 00:00:40,960 --> 00:00:45,839 Speaker 1: a news conference tomorrow on Thursday regarding Bob Mueller's report. 14 00:00:46,159 --> 00:00:48,960 Speaker 1: Attorney General William Barr will hold a news conference at 15 00:00:49,080 --> 00:00:52,839 Speaker 1: nine thirty a m. Washington time on Thursday on the 16 00:00:52,920 --> 00:00:58,200 Speaker 1: release of Special Counsel Robert Mueller's redacted report. This according 17 00:00:58,240 --> 00:01:01,560 Speaker 1: to a fresh statement from the Department of Justice. I'm 18 00:01:01,640 --> 00:01:06,400 Speaker 1: Kevin Ceilli, Bloomberg TV and Bloomberg Radio Chief Washington correspondent. 19 00:01:06,440 --> 00:01:09,760 Speaker 1: We are following all of the details surrounding the release 20 00:01:10,319 --> 00:01:14,360 Speaker 1: of this redacted report, plus fresh news from the Wall 21 00:01:14,400 --> 00:01:17,959 Speaker 1: Street Journal this afternoon that U S. China trade talks 22 00:01:18,280 --> 00:01:21,640 Speaker 1: are nearing completion in May. We have an all star 23 00:01:21,720 --> 00:01:25,839 Speaker 1: panel to talk politics and policy and Edgerton Bloomberg News 24 00:01:25,880 --> 00:01:30,560 Speaker 1: Congress Deputy Managing editor and Sylvan Lane, finance and economy 25 00:01:30,600 --> 00:01:33,959 Speaker 1: reporter for The Hill newspaper. He, of course, is making 26 00:01:34,000 --> 00:01:37,600 Speaker 1: his first appearance on this program. And later on we'll 27 00:01:37,600 --> 00:01:41,360 Speaker 1: hear from j. W. Verett, a banking law professor at 28 00:01:41,400 --> 00:01:45,720 Speaker 1: the Antonin Scalia Law School and the former chief economist 29 00:01:46,000 --> 00:01:50,280 Speaker 1: for the House Financial Services Committee under previous chairman Jeff Henzerling. 30 00:01:50,600 --> 00:01:53,760 Speaker 1: We get his take on Herman Kine and Steven Moore's 31 00:01:53,840 --> 00:01:58,960 Speaker 1: chances for the Fedboard. It's Mueller Report, Eve. We're finally 32 00:01:59,040 --> 00:02:03,360 Speaker 1: going to get it tomorrow morning am. According to a 33 00:02:03,440 --> 00:02:07,160 Speaker 1: statement released just within the last hour by the Department 34 00:02:07,240 --> 00:02:10,800 Speaker 1: of Justice, Attorney General William Barr is set to hold 35 00:02:10,840 --> 00:02:14,840 Speaker 1: a news conference at nine thirty a m. Washington time 36 00:02:14,960 --> 00:02:19,720 Speaker 1: on Thursday as the release of Special Counsel Robert Mueller's 37 00:02:19,760 --> 00:02:25,240 Speaker 1: redacted report finally becomes made public. Now, this is a 38 00:02:25,280 --> 00:02:28,440 Speaker 1: nearly four dred page report. It's going to be closely, 39 00:02:28,480 --> 00:02:33,359 Speaker 1: closely scrutinized every which way, including the redactions. Remember it's 40 00:02:33,360 --> 00:02:37,760 Speaker 1: going to be heavily redacted, but color coded redactions giving 41 00:02:38,000 --> 00:02:43,480 Speaker 1: reasons and annotations as to why these were redacted. Democrats, 42 00:02:43,520 --> 00:02:46,120 Speaker 1: they are already saying that they might have to file 43 00:02:46,480 --> 00:02:51,880 Speaker 1: lawsuits in order to get full reasoning as to why 44 00:02:51,919 --> 00:02:55,840 Speaker 1: this is redacted, and potentially even to put pressure on 45 00:02:56,120 --> 00:03:01,160 Speaker 1: Bob Mueller to release this. Republicans and Democrats alike have 46 00:03:01,360 --> 00:03:05,800 Speaker 1: already been chattering before they left for congressional recess to 47 00:03:06,000 --> 00:03:12,040 Speaker 1: get Bob Mueller himself to testify before the congressional committees 48 00:03:12,440 --> 00:03:14,520 Speaker 1: and Attorney General William barr He's going to be out 49 00:03:14,520 --> 00:03:17,839 Speaker 1: in front of the cameras tomorrow morning, am. But he's 50 00:03:17,840 --> 00:03:21,080 Speaker 1: already scheduled to be back in the House of Representatives 51 00:03:21,160 --> 00:03:24,000 Speaker 1: on May two. So we're gonna be healing, hearing much 52 00:03:24,080 --> 00:03:29,320 Speaker 1: more from a g William Barr uh and and and 53 00:03:29,440 --> 00:03:33,520 Speaker 1: it continues. And Edgerton is a political editor for Bloomberg News. 54 00:03:33,560 --> 00:03:37,360 Speaker 1: Sylvan Lane is a finance and economy reporter for The Hill. 55 00:03:37,720 --> 00:03:39,840 Speaker 1: We're gonna have also the latest coming up on the 56 00:03:39,840 --> 00:03:42,120 Speaker 1: show on the U. S. China trade talks as well 57 00:03:42,160 --> 00:03:47,080 Speaker 1: as how this is impacting the President's nominees to the Fedboard. 58 00:03:47,120 --> 00:03:49,920 Speaker 1: But Anna, let's start with the breaking news tonight, which 59 00:03:49,960 --> 00:03:53,880 Speaker 1: is tomorrow morning, we're getting this redacted version of the 60 00:03:54,000 --> 00:03:56,240 Speaker 1: Mueller Report. What are you going to be looking for? 61 00:03:56,600 --> 00:03:58,040 Speaker 1: Of course, this is a moment, like you said, that 62 00:03:58,080 --> 00:04:00,440 Speaker 1: we've all been waiting for for a law time now, 63 00:04:00,480 --> 00:04:02,600 Speaker 1: for almost two years at this point, and we had 64 00:04:02,600 --> 00:04:05,400 Speaker 1: did more. Yeah, you're right, more than two years. Um, 65 00:04:05,640 --> 00:04:08,280 Speaker 1: you know, we need to see William Barr's summary, but again, 66 00:04:08,400 --> 00:04:11,360 Speaker 1: that was his interpretation of what Mueller's conclusions were, and 67 00:04:11,360 --> 00:04:13,720 Speaker 1: that was done very quickly, within a weekend. So this 68 00:04:13,800 --> 00:04:16,520 Speaker 1: is gonna be a much more complete view of what 69 00:04:16,640 --> 00:04:20,640 Speaker 1: Mueller's team found in their two year investigation. And like 70 00:04:20,680 --> 00:04:23,080 Speaker 1: you said, the redactions are going to be watched almost 71 00:04:23,080 --> 00:04:26,560 Speaker 1: as closely as the content. Yeah, I mean, the redactions 72 00:04:26,560 --> 00:04:28,240 Speaker 1: are going to be a huge part of this. I 73 00:04:28,240 --> 00:04:29,840 Speaker 1: mean a lot of people are obviously gonna want to 74 00:04:29,839 --> 00:04:32,200 Speaker 1: know what's behind those color coded lines. It's gonna be 75 00:04:32,240 --> 00:04:34,080 Speaker 1: hard to tell if we're going to know. But you know, 76 00:04:34,160 --> 00:04:36,080 Speaker 1: one thing that I'm going to be paying attention closely 77 00:04:36,080 --> 00:04:37,960 Speaker 1: to is how this might inform some of the other 78 00:04:38,040 --> 00:04:41,360 Speaker 1: investigations into the president and into his finances that are 79 00:04:41,400 --> 00:04:44,720 Speaker 1: currently going on in Congress. The House Financial Services Committee 80 00:04:44,720 --> 00:04:48,280 Speaker 1: and the House Intelligence Committee are leading a coordinated investigation 81 00:04:48,400 --> 00:04:52,040 Speaker 1: into the president's finances. Sharewoman Maxine Waters of the Financial 82 00:04:52,080 --> 00:04:55,360 Speaker 1: Services Committee, she's been looking into the president's finances. She's 83 00:04:55,360 --> 00:04:58,120 Speaker 1: subpoena documents from Deutsche Bank. And it's gonna be interesting 84 00:04:58,160 --> 00:05:00,000 Speaker 1: to see how she and the other shares of the 85 00:05:00,040 --> 00:05:03,160 Speaker 1: Congressional committee take their support and see how this kind 86 00:05:03,160 --> 00:05:05,880 Speaker 1: of influence is the way that they conduct their investigations. 87 00:05:05,920 --> 00:05:08,960 Speaker 1: Sylvan Lane is a finance and economy reporter for The 88 00:05:09,000 --> 00:05:12,360 Speaker 1: Hill newspaper. You can read his newsletter every day that 89 00:05:12,400 --> 00:05:14,440 Speaker 1: comes out. It's a must read. You have to read it. 90 00:05:14,440 --> 00:05:17,080 Speaker 1: It's called on the Money. It's a newsletter inside of 91 00:05:17,120 --> 00:05:20,640 Speaker 1: the Beltway, focusing on the intersection of Washington and Wall Street. 92 00:05:20,920 --> 00:05:24,120 Speaker 1: And he mentioned Deutsche Bank. He mentioned these financial institutions. 93 00:05:24,160 --> 00:05:26,560 Speaker 1: Let's take it a step further because there's also some 94 00:05:26,600 --> 00:05:30,960 Speaker 1: big tech institutions that are also potentially have some headline 95 00:05:31,080 --> 00:05:34,480 Speaker 1: risk in this report. If you go back to yesteryear, 96 00:05:34,600 --> 00:05:37,240 Speaker 1: if you go back to what we saw in the 97 00:05:37,279 --> 00:05:40,120 Speaker 1: intelligence community reports that came out from d n I 98 00:05:40,240 --> 00:05:43,960 Speaker 1: and the likes Big Tech, Deutsche Bank, all of these 99 00:05:44,000 --> 00:05:49,880 Speaker 1: financial institutions they also might be named in this investigation. 100 00:05:50,160 --> 00:05:52,320 Speaker 1: That's a really good thing to point out, not just companies, 101 00:05:52,320 --> 00:05:54,920 Speaker 1: but also individuals. There are a lot of people and 102 00:05:55,040 --> 00:05:59,000 Speaker 1: firms that are could be exposed to more screens eat 103 00:05:59,320 --> 00:06:00,880 Speaker 1: depending on what we see tomorrow. And that was an 104 00:06:00,880 --> 00:06:04,280 Speaker 1: excellent point about how other committees are going to kind 105 00:06:04,279 --> 00:06:07,479 Speaker 1: of take what they see in the more complete Moler 106 00:06:07,560 --> 00:06:10,160 Speaker 1: report tomorrow and kind of use that to follow up 107 00:06:10,240 --> 00:06:14,120 Speaker 1: in their own congressional congressional investigations on all sorts of 108 00:06:14,120 --> 00:06:18,400 Speaker 1: things you mentioned finance, but also in areas con you know, 109 00:06:18,720 --> 00:06:23,480 Speaker 1: regarding appointments and other actions that Trump has taken as president, 110 00:06:23,960 --> 00:06:26,120 Speaker 1: especially when it comes to obstruction of justice and some 111 00:06:26,200 --> 00:06:28,839 Speaker 1: of his business dealings. Definitely, the business dealings is going 112 00:06:28,880 --> 00:06:30,840 Speaker 1: to be huge, especially in terms of you know, some 113 00:06:30,880 --> 00:06:33,279 Speaker 1: of the congressional committees. We've already seen a lot of 114 00:06:33,320 --> 00:06:37,080 Speaker 1: interest in the potential Trump Tower Moscow deal. We've seen 115 00:06:37,120 --> 00:06:40,080 Speaker 1: a lot of interests in the president's connection to Deutsche Bank, 116 00:06:40,080 --> 00:06:42,200 Speaker 1: who is one of the few banks that would continue 117 00:06:42,200 --> 00:06:43,799 Speaker 1: to lend with them when a lot of other banks 118 00:06:43,800 --> 00:06:45,800 Speaker 1: decided not to deal with them at all. We know 119 00:06:45,880 --> 00:06:47,800 Speaker 1: that Deutsche Bank has had troubles in the past with 120 00:06:47,839 --> 00:06:50,720 Speaker 1: allegations of money laundering. There is a big settlement with 121 00:06:50,760 --> 00:06:54,040 Speaker 1: the Justice Department, and I believe it was seventeen regarding 122 00:06:54,480 --> 00:06:56,719 Speaker 1: money laundering that I had to do with Russia. That's 123 00:06:56,720 --> 00:07:00,279 Speaker 1: been a huge, huge focus for Maxine Waters, one of 124 00:07:00,320 --> 00:07:03,359 Speaker 1: Trump's fiercest critics in Congress, and I would expect to 125 00:07:03,360 --> 00:07:05,239 Speaker 1: see a lot of action and movement on that front, 126 00:07:05,480 --> 00:07:08,839 Speaker 1: especially from Waters, who said after Michael Cohen's testimony before 127 00:07:08,839 --> 00:07:11,600 Speaker 1: the House Oversight Committee that Congress should be taking a 128 00:07:11,680 --> 00:07:14,679 Speaker 1: much deeper look into the president's finances and that whether 129 00:07:14,760 --> 00:07:17,440 Speaker 1: it pertains to the Mueller Report, the issue of Russia 130 00:07:17,440 --> 00:07:19,520 Speaker 1: collusion or not, that there's a lot more ground for 131 00:07:19,520 --> 00:07:22,280 Speaker 1: them to cover their you mentioned companies and imagined individuals, 132 00:07:22,320 --> 00:07:25,040 Speaker 1: but also countries. You know, this could have geopolitical implications 133 00:07:25,080 --> 00:07:29,040 Speaker 1: when we see what exactly the Mueller team detailed about 134 00:07:29,080 --> 00:07:33,760 Speaker 1: Russia's interference in the election, because even William Barr's summary 135 00:07:33,800 --> 00:07:37,400 Speaker 1: of the Mueller Report did say that there was evidence 136 00:07:37,680 --> 00:07:40,040 Speaker 1: of Russia's interference. So that's also something that's going to 137 00:07:40,120 --> 00:07:42,240 Speaker 1: get a very close look to so bottom line top 138 00:07:42,280 --> 00:07:44,360 Speaker 1: line view If you're in your car on your way 139 00:07:44,360 --> 00:07:47,640 Speaker 1: home from work tonight, the breaking news is that Attorney 140 00:07:47,640 --> 00:07:51,240 Speaker 1: General William Barr is going to give a press conference 141 00:07:51,280 --> 00:07:55,000 Speaker 1: tomorrow morning at am on upon the release of the 142 00:07:55,000 --> 00:07:59,520 Speaker 1: redacted version of Special Counsel Bob Mueller's investigation into the 143 00:07:59,520 --> 00:08:03,960 Speaker 1: redacted version of the Mueller Probe more than four pages. Now, 144 00:08:04,200 --> 00:08:06,600 Speaker 1: likely we're gonna hear first point that I would make, 145 00:08:06,600 --> 00:08:08,840 Speaker 1: We're likely gonna hear testimony in the coming weeks once 146 00:08:08,920 --> 00:08:12,760 Speaker 1: lawmakers come back from recess from the Attorney General himself. 147 00:08:12,800 --> 00:08:15,680 Speaker 1: He'll return to Congress on May second, also likely from 148 00:08:15,680 --> 00:08:19,720 Speaker 1: Special Counsel Bob Mueller. Point number two, beyond the politics, 149 00:08:19,760 --> 00:08:22,960 Speaker 1: you're gonna hear Democrats push for the full release, and 150 00:08:22,960 --> 00:08:25,240 Speaker 1: you're gonna hear Republicans say it's time to move on. 151 00:08:25,360 --> 00:08:29,560 Speaker 1: That's the political implications. But the third top line view point, 152 00:08:30,360 --> 00:08:32,920 Speaker 1: look at the headline risk. Look to see what companies 153 00:08:32,920 --> 00:08:35,480 Speaker 1: are named. Look, as Anna pointed out, to see whether 154 00:08:35,559 --> 00:08:38,480 Speaker 1: or not there's going to be geopolitical implications as well. 155 00:08:38,679 --> 00:08:41,320 Speaker 1: And of course the Sylvan pointed out into Deutsche Bank 156 00:08:41,480 --> 00:08:45,400 Speaker 1: that potent that poses potential headline risk in the long term. 157 00:08:45,440 --> 00:08:48,160 Speaker 1: From the White House's perspective, the politics of this is 158 00:08:48,160 --> 00:08:51,160 Speaker 1: a settled score, the President, tweeting out earlier this morning, quote, 159 00:08:51,320 --> 00:08:53,640 Speaker 1: the witch hunt has been a total fraud on your 160 00:08:53,679 --> 00:08:56,560 Speaker 1: president and the American people. It was brought to you 161 00:08:56,600 --> 00:09:00,559 Speaker 1: by dirty cops, Crooked Hillary and the d n end 162 00:09:00,640 --> 00:09:04,240 Speaker 1: quote from the Trump Organization perspective. Eric Trump, an executive 163 00:09:04,320 --> 00:09:08,000 Speaker 1: vice president at the Trump Organization, also pushing back via 164 00:09:08,120 --> 00:09:12,920 Speaker 1: social media on those House Intelligence and House Financial Services 165 00:09:12,960 --> 00:09:17,200 Speaker 1: Committee investigations that came to light following the reports of 166 00:09:17,240 --> 00:09:21,600 Speaker 1: those subpoenas by saying that the American people want Congress 167 00:09:21,640 --> 00:09:24,640 Speaker 1: to do their job and to move on. It's just 168 00:09:24,679 --> 00:09:27,600 Speaker 1: getting good, folks, and tomorrow it all comes to light. 169 00:09:27,960 --> 00:09:31,120 Speaker 1: It isn't up to the Attorney General, who has said 170 00:09:32,120 --> 00:09:35,199 Speaker 1: basically that the president is above the law and the rest, 171 00:09:35,240 --> 00:09:38,960 Speaker 1: so he's there to redact whatever he wants. Well, let's 172 00:09:38,960 --> 00:09:40,800 Speaker 1: just see what he puts forth before we make it. 173 00:09:40,840 --> 00:09:44,000 Speaker 1: Can't make a judgment about something that you haven't seeing yet, 174 00:09:44,040 --> 00:09:48,560 Speaker 1: and so we look forward to seeing it. That's Speaker 175 00:09:48,600 --> 00:09:52,960 Speaker 1: of the House Nancy Pelosi speaking earlier today or yesterday. 176 00:09:53,080 --> 00:09:57,040 Speaker 1: I guess technically in Dublin, Ireland. The Speaker of the 177 00:09:57,080 --> 00:10:02,959 Speaker 1: House is traveling in Dublin while Washington and America waits 178 00:10:03,480 --> 00:10:07,120 Speaker 1: for the final release of the redacted version of Bob 179 00:10:07,200 --> 00:10:12,360 Speaker 1: Mueller's investigation. We're gonna get it tomorrow morning. Breaking news tonight. 180 00:10:12,400 --> 00:10:15,320 Speaker 1: Attorney General William Barr says that he's planning a news 181 00:10:15,320 --> 00:10:19,520 Speaker 1: conference Thursday morning, nine thirty a m. Eastern time upon 182 00:10:19,640 --> 00:10:23,360 Speaker 1: Bob mueller reports release. It's four pages about it's going 183 00:10:23,400 --> 00:10:26,920 Speaker 1: to be redacted, and the fallout from it is going 184 00:10:26,960 --> 00:10:29,600 Speaker 1: to be quick and swift the White House, according to 185 00:10:29,640 --> 00:10:32,320 Speaker 1: sources in the White House. Around the White House, they're 186 00:10:32,360 --> 00:10:35,600 Speaker 1: saying this was settled. This was settled upon Attorney General 187 00:10:35,600 --> 00:10:38,960 Speaker 1: William Barr's four page release, no additional indictments, no evidence 188 00:10:39,000 --> 00:10:43,400 Speaker 1: of collusion. Democrats, including House Appropriations Committee Chairwoman Nita Lowey, 189 00:10:43,880 --> 00:10:46,880 Speaker 1: Democrat from New York, saying they might have to file 190 00:10:46,960 --> 00:10:50,720 Speaker 1: lawsuits in order to push push forward to get an 191 00:10:50,800 --> 00:10:55,760 Speaker 1: unredacted version of that report. The politics very much impacted 192 00:10:55,960 --> 00:11:00,920 Speaker 1: upon whatever is in that report or whatever is redacted 193 00:11:01,240 --> 00:11:04,200 Speaker 1: in that report. But dig deeper because there's headline risk. 194 00:11:04,480 --> 00:11:08,120 Speaker 1: There's headline risk for financial institutions like Deutsche Bank, as 195 00:11:08,160 --> 00:11:12,559 Speaker 1: well as for potentially big tech institutions. Will Facebook, Google, 196 00:11:13,040 --> 00:11:16,840 Speaker 1: other social media platforms be wrapped up in this report 197 00:11:16,880 --> 00:11:19,720 Speaker 1: tomorrow as they have been in D and I reports 198 00:11:19,720 --> 00:11:23,640 Speaker 1: and intelligence reports as well. Other news were following this 199 00:11:23,720 --> 00:11:27,679 Speaker 1: afternoon the US China trade talks. And that's why I'm 200 00:11:27,679 --> 00:11:30,720 Speaker 1: so thrilled to have Anna Edgerton, a political editor for 201 00:11:30,800 --> 00:11:33,199 Speaker 1: Bloomberg News, with me for the Hour in studio, as 202 00:11:33,200 --> 00:11:35,720 Speaker 1: well as Sylvan Lane, his first time on the program. 203 00:11:35,760 --> 00:11:38,720 Speaker 1: He's a finance and economy reporter for The Hill. You 204 00:11:38,760 --> 00:11:42,959 Speaker 1: can subscribe to his daily newsletter on the Money at 205 00:11:43,000 --> 00:11:46,680 Speaker 1: the Hill dot com. And Anna, there had been breaking 206 00:11:46,720 --> 00:11:50,959 Speaker 1: developments this afternoon from the Wall Street Journal, which kicks 207 00:11:50,960 --> 00:11:53,840 Speaker 1: started this but matching Bloomberg reporting, which is that the 208 00:11:53,920 --> 00:11:56,920 Speaker 1: US China trade talks could be wrapped up by the 209 00:11:57,040 --> 00:11:59,480 Speaker 1: end of May. They haven't really moved the goalposts at 210 00:11:59,520 --> 00:12:03,040 Speaker 1: all in terms of the timeline for there to be 211 00:12:03,080 --> 00:12:05,920 Speaker 1: an agreement between the US and China. And this is 212 00:12:05,960 --> 00:12:08,560 Speaker 1: something that companies across the world have been looking at, 213 00:12:08,640 --> 00:12:10,679 Speaker 1: not just in the United States and in China, but 214 00:12:10,760 --> 00:12:13,800 Speaker 1: these are the two biggest global economies and to be 215 00:12:14,080 --> 00:12:16,000 Speaker 1: to be waging a trade war like this with tip 216 00:12:16,080 --> 00:12:20,520 Speaker 1: for tariffs and quotas for purchasing of different commodities. This 217 00:12:20,600 --> 00:12:22,840 Speaker 1: is something that must be resolved as soon as possible 218 00:12:22,880 --> 00:12:24,600 Speaker 1: if the global economy is going to grow at its 219 00:12:24,600 --> 00:12:27,160 Speaker 1: full potential, and that's going to be increasingly important as 220 00:12:27,200 --> 00:12:29,360 Speaker 1: we kind of come to the towards the ends of 221 00:12:29,400 --> 00:12:32,679 Speaker 1: this cycle of growth and start looking at the possibility 222 00:12:32,679 --> 00:12:35,960 Speaker 1: of our session in the future. The more uncertainty that 223 00:12:36,000 --> 00:12:38,360 Speaker 1: you can get out of the global market, the better 224 00:12:38,480 --> 00:12:41,560 Speaker 1: chance these economies will have to weather whatever comes in 225 00:12:41,600 --> 00:12:44,320 Speaker 1: the future. Let's just get into like the minutia for 226 00:12:44,320 --> 00:12:46,200 Speaker 1: for a minute in terms of catching everybody up to 227 00:12:46,280 --> 00:12:49,040 Speaker 1: speed for what we learned from the Wall Street Journal today, 228 00:12:49,080 --> 00:12:52,160 Speaker 1: which is that Leoha is going to be a meeting 229 00:12:52,200 --> 00:12:56,080 Speaker 1: again with US Trade Representative Bob Lightheizer in Beijing at 230 00:12:56,080 --> 00:12:58,040 Speaker 1: the end of this month or around the corner of 231 00:12:58,040 --> 00:13:00,720 Speaker 1: like May one, May second, and then there's going to 232 00:13:00,800 --> 00:13:04,400 Speaker 1: be Leoho traveling back to the US to continue trade 233 00:13:04,440 --> 00:13:08,360 Speaker 1: negotiations with Mr Leightheiser as well as Treasury Secretary Manution. 234 00:13:09,160 --> 00:13:11,960 Speaker 1: Lei Hua is of course the essentially like the top 235 00:13:12,000 --> 00:13:16,160 Speaker 1: economic trade minister for the Chinese. Now the rumblinks Sylvan 236 00:13:16,360 --> 00:13:19,920 Speaker 1: is that there ideally will be this one off meeting 237 00:13:19,960 --> 00:13:23,320 Speaker 1: between President Trump and President six paying of China toward 238 00:13:23,400 --> 00:13:27,280 Speaker 1: the end of May. The business community remarkably has found 239 00:13:27,280 --> 00:13:29,920 Speaker 1: an agreement with President she and that they don't like 240 00:13:30,000 --> 00:13:33,360 Speaker 1: tariffs as an enforcement mechanism. No, yeah, I mean this 241 00:13:33,440 --> 00:13:34,960 Speaker 1: is a you know, this is something that has been 242 00:13:35,040 --> 00:13:37,720 Speaker 1: kind of the President has been moving towards for a while. 243 00:13:37,800 --> 00:13:40,080 Speaker 1: He's talked for months about how you know, the trade 244 00:13:40,080 --> 00:13:42,800 Speaker 1: He is coming very soon, very soon, and there's you know, 245 00:13:42,880 --> 00:13:46,319 Speaker 1: severe implications for both China and the United States here. 246 00:13:46,480 --> 00:13:49,400 Speaker 1: As Anna mentioned, there's a lot of global economic uncertainty 247 00:13:49,440 --> 00:13:53,320 Speaker 1: surrounding these talks, but there's also some concerns in China 248 00:13:53,400 --> 00:13:56,280 Speaker 1: that you know, growth is slowing, industrial output might be slowing, 249 00:13:56,520 --> 00:13:59,120 Speaker 1: and on the flip side, in the US, there's concerns 250 00:13:59,160 --> 00:14:01,520 Speaker 1: that you know, these as might continue to you know, 251 00:14:01,600 --> 00:14:05,880 Speaker 1: hinder American agricultural producers who were you know, dealing with 252 00:14:05,920 --> 00:14:10,240 Speaker 1: the reciprocal tariffs from China. Other US manufacturers. There's domestic 253 00:14:10,520 --> 00:14:13,280 Speaker 1: issues that play here too, and it's can't be overseated 254 00:14:13,280 --> 00:14:16,960 Speaker 1: how important agricultural areas are to President trump'space and in 255 00:14:17,360 --> 00:14:20,920 Speaker 1: building support for his reelection bid, and they've been hit 256 00:14:21,040 --> 00:14:23,600 Speaker 1: not just by uncertainty with these trade wars and with 257 00:14:23,640 --> 00:14:27,760 Speaker 1: tip for tat tariffs, but also by commodity prices that 258 00:14:27,800 --> 00:14:30,760 Speaker 1: continue to be low, by natural disasters like floods in 259 00:14:30,800 --> 00:14:34,520 Speaker 1: the Midwest, and also by kind of a looking for 260 00:14:34,680 --> 00:14:37,800 Speaker 1: new markets to all float some of the stockpiles that 261 00:14:37,840 --> 00:14:40,280 Speaker 1: they've accumulated over the past two years. It's such an 262 00:14:40,280 --> 00:14:43,800 Speaker 1: interesting point. And President Trump actually weighed in on the 263 00:14:44,760 --> 00:14:48,840 Speaker 1: on the US China trade talks earlier today at the 264 00:14:48,880 --> 00:14:50,320 Speaker 1: White House. I want to play for you what the 265 00:14:50,320 --> 00:14:53,200 Speaker 1: President had to say. Here's President Trump. A trade deal 266 00:14:53,240 --> 00:14:56,560 Speaker 1: with China is moving along, and it's moving along nicely, 267 00:14:56,680 --> 00:14:58,880 Speaker 1: and we're asking for a lot of things, and I 268 00:14:58,960 --> 00:15:02,560 Speaker 1: have a feeling will be successful and it'll be good 269 00:15:02,600 --> 00:15:06,440 Speaker 1: for both countries. But that's moving along quite well, and 270 00:15:06,560 --> 00:15:10,520 Speaker 1: you'll be hearing about it very very shortly. So so 271 00:15:10,760 --> 00:15:13,400 Speaker 1: into to Anna's point, the president and to your point, 272 00:15:13,480 --> 00:15:17,760 Speaker 1: the President has been very peaceful and how he's approached 273 00:15:18,120 --> 00:15:22,360 Speaker 1: President she and the signaling around the White House and 274 00:15:22,400 --> 00:15:25,360 Speaker 1: around the Treasury Department is that when ultimately this meeting 275 00:15:25,600 --> 00:15:28,360 Speaker 1: is scheduled, and there's been a lot of ups and down. 276 00:15:28,400 --> 00:15:31,240 Speaker 1: It's it's like a roller coaster, right, like President the 277 00:15:31,240 --> 00:15:33,880 Speaker 1: president she Trump roller coaster of trade talks like everything 278 00:15:33,880 --> 00:15:37,400 Speaker 1: these days, right, right. But but surprisingly he's held his 279 00:15:37,520 --> 00:15:41,360 Speaker 1: fire against President she and has been quite respectful and 280 00:15:41,440 --> 00:15:46,040 Speaker 1: peaceful exactly. I mean there's a clear reflection within the 281 00:15:46,040 --> 00:15:48,600 Speaker 1: administration based on you know what the President is saying, 282 00:15:48,880 --> 00:15:52,360 Speaker 1: what secretary you have the Treasury Stephen Minuchin, US Trade Rep. 283 00:15:52,560 --> 00:15:56,000 Speaker 1: Bob Lightheiser. They understand the stakes here. Trade was one 284 00:15:56,040 --> 00:16:00,240 Speaker 1: of President Trump's key economic issues while he was unning 285 00:16:00,280 --> 00:16:02,640 Speaker 1: for president. He knows that this is not only important 286 00:16:02,680 --> 00:16:05,240 Speaker 1: to you know, showing that he could fulfill his promises 287 00:16:05,320 --> 00:16:08,920 Speaker 1: to change the US trade dynamic with China, but to 288 00:16:09,000 --> 00:16:11,040 Speaker 1: also short a lot of the support of states that 289 00:16:11,160 --> 00:16:13,160 Speaker 1: ended up giving him the White House. You know, we're 290 00:16:13,160 --> 00:16:16,400 Speaker 1: talking about states like Ohio, Michigan, Pennsylvania that have been 291 00:16:16,440 --> 00:16:18,360 Speaker 1: on the front lines of a lot of the way 292 00:16:18,400 --> 00:16:21,360 Speaker 1: that the U. S economy has been changing. And the 293 00:16:21,400 --> 00:16:24,960 Speaker 1: President has made promises to not only in industrial states 294 00:16:24,960 --> 00:16:27,120 Speaker 1: but agricultural states that have been hit hard by the 295 00:16:27,120 --> 00:16:29,880 Speaker 1: backlash to this, saying look, I've got your back, I'm 296 00:16:29,880 --> 00:16:32,360 Speaker 1: gonna fight for you. The pain is rough, right now, 297 00:16:32,400 --> 00:16:35,120 Speaker 1: but it's going to be worth it. President Trump appears 298 00:16:35,120 --> 00:16:37,320 Speaker 1: to understand there's a lot on the line for this deal, 299 00:16:37,720 --> 00:16:40,160 Speaker 1: and he's trying his best to make it happen. Breaking 300 00:16:40,200 --> 00:16:43,560 Speaker 1: news as we speak, headlines crossing the Terminal. Now, Congress 301 00:16:43,600 --> 00:16:47,560 Speaker 1: members will get a quote unquote less redacted end quote 302 00:16:47,920 --> 00:16:51,360 Speaker 1: version of the Mueller Report. This, according to US officials, 303 00:16:51,400 --> 00:16:55,440 Speaker 1: again breaking news tonight, Congress members will receive a less 304 00:16:55,520 --> 00:16:59,760 Speaker 1: redacted version of the Mueller Report. This, of course, is 305 00:16:59,760 --> 00:17:03,120 Speaker 1: going to have new implications into precisely the type of 306 00:17:03,160 --> 00:17:07,600 Speaker 1: political fallout that we will see tomorrow. Attorney General William 307 00:17:07,640 --> 00:17:11,160 Speaker 1: Barr will give a press conference tomorrow at nine thirty 308 00:17:11,240 --> 00:17:15,119 Speaker 1: a m. On Thursday Eastern Time, following the release of 309 00:17:15,160 --> 00:17:19,160 Speaker 1: a redacted version of a public redacted version of Special 310 00:17:19,160 --> 00:17:24,280 Speaker 1: Counsel Robert Mueller's uh four about four hundred pages Mueller Report. 311 00:17:24,400 --> 00:17:28,320 Speaker 1: But Congress, we are just learning. Breaking tonight headlines crossing 312 00:17:28,359 --> 00:17:32,440 Speaker 1: the Bloomberg Terminal. Congress members will receive a less redacted 313 00:17:32,560 --> 00:17:36,919 Speaker 1: version of the Mueller Report. Breaking news tonight headlines crossing 314 00:17:36,960 --> 00:17:41,080 Speaker 1: the Bloomberg Terminal. Congress members to get a less redacted 315 00:17:41,400 --> 00:17:46,080 Speaker 1: version of the Mueller Report. Attorney General William Barr is 316 00:17:46,119 --> 00:17:49,480 Speaker 1: set to have a press conference Thursday, nine thirty a m. 317 00:17:49,600 --> 00:17:54,479 Speaker 1: Eastern Time following the public release of the redacted version 318 00:17:55,160 --> 00:18:00,480 Speaker 1: of Bob Mueller's investigation. This, of course, will be carefully 319 00:18:00,600 --> 00:18:06,000 Speaker 1: carefully followed for political reasons as well as policy reasons. 320 00:18:06,040 --> 00:18:08,919 Speaker 1: Will there be any financial institutions names named in the 321 00:18:08,960 --> 00:18:12,440 Speaker 1: report or any big tech in uh? Any big tech 322 00:18:12,480 --> 00:18:16,959 Speaker 1: companies named, as well as have previous intelligence versions of 323 00:18:17,000 --> 00:18:19,000 Speaker 1: the report. We are going to bring you all of 324 00:18:19,040 --> 00:18:21,719 Speaker 1: the latest breaking news on the Mueller Report as it 325 00:18:21,760 --> 00:18:26,200 Speaker 1: breaks this evening. We're talking about all things trade policy. 326 00:18:26,240 --> 00:18:30,320 Speaker 1: I'm Kevin CURRELLI chief Washington correspondent for Bloomberg Television and 327 00:18:30,359 --> 00:18:33,960 Speaker 1: Bloomberg Radio, but I definitely want to touch on another 328 00:18:34,119 --> 00:18:39,240 Speaker 1: major story that is breaking, uh really this week, and 329 00:18:39,280 --> 00:18:42,560 Speaker 1: that is the president's nominees to the Fedboard. Stephen Moore 330 00:18:42,640 --> 00:18:46,880 Speaker 1: has been nominated. He of course of Heritage Foundation conservative 331 00:18:46,920 --> 00:18:50,239 Speaker 1: ideological fame, as has Herman Kine. Have you heard of him? 332 00:18:50,280 --> 00:18:55,240 Speaker 1: Herman Kaine, former Republican presidential candidate. He also has some 333 00:18:55,560 --> 00:18:59,720 Speaker 1: experience uh in the Federal Reserve political orbit as well. 334 00:19:00,200 --> 00:19:02,960 Speaker 1: W Verrett joining us on the telephone line, he has 335 00:19:03,000 --> 00:19:06,159 Speaker 1: a banking and law professor at the Scalia Law School. 336 00:19:06,200 --> 00:19:09,560 Speaker 1: He's also the former chief economist for the House Financial 337 00:19:09,600 --> 00:19:13,520 Speaker 1: Services Committee under previous Chairman Jeb Henzerling j W. Thank 338 00:19:13,560 --> 00:19:16,520 Speaker 1: you for calling in. I very much appreciate your time. 339 00:19:17,000 --> 00:19:20,240 Speaker 1: Herman Kaine is he safe? And Steven Moore? Is he safe? 340 00:19:21,840 --> 00:19:25,080 Speaker 1: I think Stephen Moore is safe. Uh. It sounds like 341 00:19:25,359 --> 00:19:27,840 Speaker 1: Herman Kane doesn't have the numbers in the Senate, but 342 00:19:27,880 --> 00:19:32,040 Speaker 1: we'll see so in terms of uh, in terms of 343 00:19:32,200 --> 00:19:34,199 Speaker 1: let's stick with Herman Kane for a second, because I 344 00:19:34,240 --> 00:19:38,080 Speaker 1: do think they have These nominations have for whatever reason, 345 00:19:38,440 --> 00:19:42,840 Speaker 1: been lumped together. But but but they're very very separate, 346 00:19:43,000 --> 00:19:47,879 Speaker 1: So let's stick with Herman Kaine. Senator Murkowski, Romney Gardner 347 00:19:48,280 --> 00:19:51,200 Speaker 1: as well as others, have come out and said they're 348 00:19:51,240 --> 00:19:55,760 Speaker 1: just not going to be able to support Herman Kaine's nominations. 349 00:19:55,800 --> 00:19:58,479 Speaker 1: From your perspective, you know, all of these folks in 350 00:19:58,520 --> 00:20:02,399 Speaker 1: this world. From you or perspective, are those concerns justified 351 00:20:02,800 --> 00:20:05,399 Speaker 1: and do you think they can be overcome in a 352 00:20:05,520 --> 00:20:10,520 Speaker 1: confirmation process? Um? I think if the Senator is willing 353 00:20:10,560 --> 00:20:14,560 Speaker 1: to actually come out even before you're officially nominated, to 354 00:20:14,600 --> 00:20:16,960 Speaker 1: say they won't vote for you. That's Uh, that's something 355 00:20:17,000 --> 00:20:20,440 Speaker 1: I've never seen before in Washington. So I just don't 356 00:20:20,480 --> 00:20:23,080 Speaker 1: see how it's a possibility. So when the Wall Street 357 00:20:23,119 --> 00:20:25,720 Speaker 1: Journal reports that Herman Kane is not going to withdraw 358 00:20:25,840 --> 00:20:31,560 Speaker 1: his nomination, how much could this impact the FEDS policy 359 00:20:31,760 --> 00:20:35,439 Speaker 1: or provide a hiccup for the Fedboard? Uh? If Herman 360 00:20:35,520 --> 00:20:40,159 Speaker 1: Kaine just kind of puts himself out there too, I 361 00:20:40,200 --> 00:20:44,960 Speaker 1: guess to not be confirmed. Yeah, you know. In the end, 362 00:20:45,080 --> 00:20:47,840 Speaker 1: I think the only real impact of it is it 363 00:20:48,080 --> 00:20:51,240 Speaker 1: makes the Steven Moore's pass the confirmation we will leave here. 364 00:20:51,760 --> 00:20:55,160 Speaker 1: Why why that's an interesting point. Why. Well, I think 365 00:20:56,280 --> 00:20:59,720 Speaker 1: that um um may have been at the margin, will 366 00:20:59,760 --> 00:21:03,440 Speaker 1: be more likely to vote for him because they've already Uh. 367 00:21:03,480 --> 00:21:06,000 Speaker 1: I think they might be a little bit restrained from 368 00:21:06,000 --> 00:21:09,480 Speaker 1: going into uh nominees, particularly when there's so much strong 369 00:21:09,560 --> 00:21:12,760 Speaker 1: support already from members of the Senate Banking Committee for 370 00:21:12,920 --> 00:21:16,280 Speaker 1: Steve Moore. G W Verett is a banking law professor 371 00:21:16,400 --> 00:21:18,680 Speaker 1: at the Scalia Law School. He's also the former chief 372 00:21:18,680 --> 00:21:22,760 Speaker 1: economist for the House Financial Services Committee under previous chairman 373 00:21:22,840 --> 00:21:27,040 Speaker 1: jeb Henzerling. Gw In terms of the criticism that that 374 00:21:27,720 --> 00:21:30,679 Speaker 1: Stephen Moore has faced just as you know, being a 375 00:21:30,720 --> 00:21:33,720 Speaker 1: bit more of an outsider. It looks like Republicans support 376 00:21:34,160 --> 00:21:38,080 Speaker 1: is still there for him. No, yeah, I think it's there. 377 00:21:38,160 --> 00:21:40,080 Speaker 1: I think it's clearly there. Steve Moore's got a long 378 00:21:40,119 --> 00:21:44,080 Speaker 1: record of working on economic policy issues generally with Senate Republicans, 379 00:21:44,160 --> 00:21:49,080 Speaker 1: from tax reform UH to trade to regulatory reform, and 380 00:21:49,400 --> 00:21:51,200 Speaker 1: so I think he I think he'll be just fine. 381 00:21:51,600 --> 00:21:53,200 Speaker 1: And then what else you what else you have your 382 00:21:53,280 --> 00:21:55,840 Speaker 1: your eye on? Uh? Just in terms of the Senate 383 00:21:55,880 --> 00:21:58,840 Speaker 1: Banking Committee, I know you're carefully following all of those developments. 384 00:21:58,840 --> 00:22:01,880 Speaker 1: What else is on your radar? Drive into the weeds force? Well, 385 00:22:01,880 --> 00:22:04,760 Speaker 1: I think they're looking very closely at the continued implementation 386 00:22:04,800 --> 00:22:09,840 Speaker 1: of the Senate Bank regulatory reform build they passed last year, 387 00:22:10,280 --> 00:22:12,120 Speaker 1: and I think, frankly, there'll be a lot more focused 388 00:22:12,160 --> 00:22:15,760 Speaker 1: on Steve Moore, and it's used on regulatory relief then 389 00:22:15,960 --> 00:22:18,040 Speaker 1: honestly is a monetary policy, which is why I think 390 00:22:18,040 --> 00:22:21,680 Speaker 1: they'll have a fairly easy path. That's interesting, especially when 391 00:22:21,760 --> 00:22:27,600 Speaker 1: you hear when these hearings are juxtaposed, and especially this 392 00:22:27,680 --> 00:22:30,600 Speaker 1: is fascinating and if you're if you're really trying to 393 00:22:30,760 --> 00:22:34,199 Speaker 1: price sort of the nomination process. Do you think that 394 00:22:34,240 --> 00:22:39,240 Speaker 1: there will be joint confirmation hearings on the Senate Banking Committee. 395 00:22:39,280 --> 00:22:40,919 Speaker 1: Is that how this likely will get done, or will 396 00:22:40,960 --> 00:22:42,840 Speaker 1: they be one off as an individual or do we 397 00:22:42,880 --> 00:22:46,840 Speaker 1: not know yet from chairman? From the chairman, I don't 398 00:22:46,840 --> 00:22:50,520 Speaker 1: know yet. But there is a new Senate Democrat UH 399 00:22:50,640 --> 00:22:54,280 Speaker 1: nominee for the SEC, and it might help them both 400 00:22:54,320 --> 00:22:57,680 Speaker 1: sail through if they both stop any delays in the 401 00:22:57,760 --> 00:23:01,480 Speaker 1: Senate calendar. If they would match UH Steve Moore's nomination 402 00:23:01,600 --> 00:23:05,000 Speaker 1: with living in Alison Lee, who's a Democratic nominee to 403 00:23:05,040 --> 00:23:07,879 Speaker 1: the SEC, it'll be interesting. Mike Craipe, Bill, let us know, 404 00:23:08,000 --> 00:23:11,320 Speaker 1: Chairman of the Senate Banking Committee. I want to thank J. W. 405 00:23:11,440 --> 00:23:14,440 Speaker 1: Verett for calling in on last minute notice to walk 406 00:23:14,560 --> 00:23:17,240 Speaker 1: us through Herman Kaine. He's keeping his name in the 407 00:23:17,320 --> 00:23:21,040 Speaker 1: ring for the FED share this despite deteriorating report on 408 00:23:21,160 --> 00:23:23,200 Speaker 1: the Senate Banking Committee as well as in the Republican 409 00:23:23,240 --> 00:23:26,560 Speaker 1: Conference at Large, and Stephen Moore looks like he's still 410 00:23:26,640 --> 00:23:29,040 Speaker 1: got a shot. J. W. Verett is the banking law 411 00:23:29,080 --> 00:23:32,000 Speaker 1: professor at the Scalia Law School. He's also the former 412 00:23:32,080 --> 00:23:35,760 Speaker 1: Chief economist for the House Financial Services Committee under previous 413 00:23:35,880 --> 00:23:38,240 Speaker 1: chairman Jeff Hensterlink of Republican j W. Come in and 414 00:23:38,240 --> 00:23:41,520 Speaker 1: see us one time, and thanks for calling in. Stephen 415 00:23:41,560 --> 00:23:44,520 Speaker 1: Moore is in the process. We support him. Uh, we 416 00:23:44,560 --> 00:23:47,920 Speaker 1: support Herman Kane. We'll just let things play out into vetting. 417 00:23:48,920 --> 00:23:52,600 Speaker 1: Let things play out in the vetting. That's Larry Cudlow 418 00:23:53,240 --> 00:23:56,920 Speaker 1: talking at the White House on Tuesday about President Trump's 419 00:23:57,640 --> 00:23:59,840 Speaker 1: selections to the Fed Board. Of course, Larry Cudlow is 420 00:23:59,840 --> 00:24:03,480 Speaker 1: the ASID its top economic advisor. I'm Kevin Cirelli Bloomberg 421 00:24:03,480 --> 00:24:08,320 Speaker 1: Television of Bloomberg Radio chief Washington correspondent. There's breaking news tonight. 422 00:24:08,400 --> 00:24:11,760 Speaker 1: Congress members to get a less redacted version of the 423 00:24:11,840 --> 00:24:15,080 Speaker 1: Mueller Report. Meanwhile, The New York Times is reporting that 424 00:24:15,119 --> 00:24:18,000 Speaker 1: the White House and Department of Justice officials discussed the 425 00:24:18,040 --> 00:24:25,200 Speaker 1: Mueller findings multiple times. Mueller Day, Thursday, a m. Eastern time. 426 00:24:25,320 --> 00:24:28,840 Speaker 1: On Thursday, Attorney General William Barr will give a press 427 00:24:28,840 --> 00:24:33,399 Speaker 1: conference following the public release of the redacted version of 428 00:24:33,480 --> 00:24:38,320 Speaker 1: the Mueller Report. That's Thursday morning. AM. So we're finally 429 00:24:38,320 --> 00:24:40,560 Speaker 1: going to get it. We're finally going to get the 430 00:24:40,600 --> 00:24:44,399 Speaker 1: four hundred page redacted version. More than twenty subpoenas issued 431 00:24:44,400 --> 00:24:48,760 Speaker 1: a twenty two month long investigation. What will there be 432 00:24:49,359 --> 00:24:51,960 Speaker 1: in that report? The White House and President Trump, for 433 00:24:52,000 --> 00:24:55,720 Speaker 1: his part, already tweeting out today that they feel there's 434 00:24:55,760 --> 00:24:59,480 Speaker 1: really nothing to see here. Folks. Democrats disagree. How speaker 435 00:24:59,560 --> 00:25:03,360 Speaker 1: Nancy I see traveling abroad in Ireland Dublin to be exact, 436 00:25:03,720 --> 00:25:08,400 Speaker 1: saying that folks should folks should just hold their breath, 437 00:25:08,440 --> 00:25:12,560 Speaker 1: catch their breath, and uh and see what is see 438 00:25:12,560 --> 00:25:14,560 Speaker 1: what all the wait to see? What all the what 439 00:25:14,640 --> 00:25:16,920 Speaker 1: all the fuss is about? It's Holy week, God bless 440 00:25:16,960 --> 00:25:20,040 Speaker 1: you and Edgert him Bloomberg News political editor who just 441 00:25:20,080 --> 00:25:22,160 Speaker 1: sneezed in case here and sorry not to call it out, 442 00:25:22,200 --> 00:25:25,960 Speaker 1: and just sorry. It's Sylvan Lane. It's his first time 443 00:25:26,400 --> 00:25:29,280 Speaker 1: on the on the program. He's finance an economy reporter 444 00:25:29,359 --> 00:25:31,520 Speaker 1: for The Hill. He also is the author of the 445 00:25:31,560 --> 00:25:34,720 Speaker 1: daily newsletter on the Money, which I had gotta say, 446 00:25:34,720 --> 00:25:36,639 Speaker 1: I used to write it back when I was at 447 00:25:36,680 --> 00:25:39,040 Speaker 1: the Hill, but you've done a great job. I still 448 00:25:39,080 --> 00:25:40,840 Speaker 1: read it every day. You have to subscribe to it 449 00:25:40,880 --> 00:25:43,840 Speaker 1: at the Hill dot com. And we're following all of 450 00:25:43,880 --> 00:25:47,440 Speaker 1: these developments. How is the what is the political implication 451 00:25:47,480 --> 00:25:50,440 Speaker 1: going to be and if if members of Congress get 452 00:25:50,720 --> 00:25:53,080 Speaker 1: a less redacted version but the public gets a more 453 00:25:53,160 --> 00:25:56,320 Speaker 1: redacted version, sort to south Forest. This has been one 454 00:25:56,359 --> 00:25:59,040 Speaker 1: of the central questions that we've been looking at as 455 00:25:59,280 --> 00:26:01,280 Speaker 1: there's kind of been a tussle over how much of 456 00:26:01,280 --> 00:26:04,760 Speaker 1: the Male report to release, because members of Congress who 457 00:26:04,800 --> 00:26:08,280 Speaker 1: have security clearance should be able to see classified information, 458 00:26:08,320 --> 00:26:11,960 Speaker 1: which is one of the justifications for redacting information. So 459 00:26:12,080 --> 00:26:14,280 Speaker 1: if they get access to that. We also know that 460 00:26:14,320 --> 00:26:16,800 Speaker 1: Congress is not the most secure place when it comes 461 00:26:16,800 --> 00:26:19,960 Speaker 1: to information, So anything that Congress can see, you could 462 00:26:20,000 --> 00:26:24,359 Speaker 1: probably expect some of the White House press core, Congressional 463 00:26:24,359 --> 00:26:27,359 Speaker 1: press core to see as well. So we'll be looking 464 00:26:27,560 --> 00:26:29,720 Speaker 1: not just at the MULA report, like you mentioned this 465 00:26:29,800 --> 00:26:33,000 Speaker 1: four pages, but also at some of the underlying material 466 00:26:33,320 --> 00:26:35,280 Speaker 1: to see if there are any of the supporting documents 467 00:26:35,280 --> 00:26:37,879 Speaker 1: that are included in what Congress ends up getting. All Right, 468 00:26:37,880 --> 00:26:39,159 Speaker 1: I'm gonna take a page out of one of my 469 00:26:39,200 --> 00:26:42,399 Speaker 1: mentors here at Bloomberg's Tom Key. Let's rip up the 470 00:26:42,440 --> 00:26:45,800 Speaker 1: script because Anna, you make a very very good point, 471 00:26:45,840 --> 00:26:49,000 Speaker 1: which is take us into the process and the procedure 472 00:26:49,119 --> 00:26:51,960 Speaker 1: forget about what's in the Mala Report. But take us 473 00:26:52,040 --> 00:26:56,080 Speaker 1: into the House Intelligence Room, the House Intelligence Committee Room, 474 00:26:56,320 --> 00:26:59,919 Speaker 1: the secure room in the basement of the House Office building, 475 00:27:00,119 --> 00:27:02,159 Speaker 1: as well as in the Senate where this is a 476 00:27:02,240 --> 00:27:04,680 Speaker 1: secure facility. You've got to log in if you're a 477 00:27:04,720 --> 00:27:07,879 Speaker 1: staff for only a select number of staffers gets to 478 00:27:08,040 --> 00:27:11,840 Speaker 1: see what these lawmakers get to see. And this is 479 00:27:11,880 --> 00:27:14,320 Speaker 1: not just in the case of the Mueller Report. This 480 00:27:14,440 --> 00:27:19,000 Speaker 1: deals with national security, global security as well. Take us 481 00:27:19,040 --> 00:27:22,680 Speaker 1: through that process. When it comes to the intelligence committees, 482 00:27:22,680 --> 00:27:24,840 Speaker 1: it really depends on the issue. There are some issues 483 00:27:24,880 --> 00:27:27,879 Speaker 1: that intelligence committees in the Senate and the House have 484 00:27:27,960 --> 00:27:32,200 Speaker 1: been good about protecting and doing due diligence and looking 485 00:27:32,280 --> 00:27:36,159 Speaker 1: into very very serious geopolocal issues. When it comes to 486 00:27:36,560 --> 00:27:39,240 Speaker 1: the United States foreign policy, for example, when it comes 487 00:27:39,280 --> 00:27:44,320 Speaker 1: to sanctions or um armed threats from abroad, these are 488 00:27:44,320 --> 00:27:47,520 Speaker 1: issues that both committees have taken very seriously. However, when 489 00:27:47,520 --> 00:27:51,719 Speaker 1: it comes to allegations of Russian interference in the election, 490 00:27:52,040 --> 00:27:55,000 Speaker 1: the Senate has done a very good bipartisan job of 491 00:27:55,040 --> 00:27:57,840 Speaker 1: looking at these allegations and trying to come up with 492 00:27:57,880 --> 00:28:00,920 Speaker 1: a bipartisan report on this. The House, on the other hand, 493 00:28:00,960 --> 00:28:05,840 Speaker 1: has become a total partisan battle between Republicans on the 494 00:28:05,880 --> 00:28:09,520 Speaker 1: committee that have called for the Democratic chair, Adam Shift, 495 00:28:09,560 --> 00:28:14,720 Speaker 1: to resign over his handling and media interviews of allegations 496 00:28:14,720 --> 00:28:18,800 Speaker 1: that he's made about collusion. And there's been they issued 497 00:28:18,800 --> 00:28:21,720 Speaker 1: their own report, I think it was last year. How 498 00:28:21,720 --> 00:28:23,919 Speaker 1: are they make collusion before Muller was even How are 499 00:28:23,920 --> 00:28:25,520 Speaker 1: they even going to see this, Sylvan if they're in 500 00:28:25,520 --> 00:28:27,680 Speaker 1: congressional recess, I mean they're going to get a less 501 00:28:27,680 --> 00:28:30,479 Speaker 1: redacted version. Are they gonna have to wait until they 502 00:28:30,480 --> 00:28:31,920 Speaker 1: come back or I mean are they going to get 503 00:28:31,920 --> 00:28:35,800 Speaker 1: it wirely transferred? You know, it seems that, you know, 504 00:28:35,840 --> 00:28:37,800 Speaker 1: they're probably gonna have to come back to the Capital 505 00:28:37,840 --> 00:28:40,200 Speaker 1: to see this. I imagine that the Justice Department is 506 00:28:40,240 --> 00:28:42,360 Speaker 1: going to be taking as many precautions as they can 507 00:28:42,440 --> 00:28:45,240 Speaker 1: with this. You know, as Anna was telling us before, 508 00:28:45,320 --> 00:28:48,440 Speaker 1: you know, this is really really sensitive stuff. This is 509 00:28:48,480 --> 00:28:51,920 Speaker 1: a highly anticipated report. There's a lot on the line here, 510 00:28:51,920 --> 00:28:53,880 Speaker 1: There's a lot at stake, both in terms of political 511 00:28:53,960 --> 00:28:56,200 Speaker 1: narratives and the agenda. So I imagine that this is 512 00:28:56,240 --> 00:28:58,600 Speaker 1: going to be something that's handled very very carefully. And 513 00:28:58,640 --> 00:29:01,440 Speaker 1: while Congress doesn't have votes scheduled this week and next 514 00:29:01,480 --> 00:29:04,560 Speaker 1: week because of the Easter recess. Individual committees like the 515 00:29:04,560 --> 00:29:07,680 Speaker 1: Intelligence Committee and the Judiciary Committee have said that those 516 00:29:07,680 --> 00:29:10,480 Speaker 1: members will come back to Washington if they need to 517 00:29:10,600 --> 00:29:14,320 Speaker 1: review this. We'll see what they get, because if it's 518 00:29:14,320 --> 00:29:16,760 Speaker 1: a less redacted version, I mean, get out the highlighters 519 00:29:16,840 --> 00:29:19,440 Speaker 1: or whatever they're gonna need, because they're gonna have to 520 00:29:19,480 --> 00:29:21,920 Speaker 1: go into these secure facilities. And and and for folks, 521 00:29:21,920 --> 00:29:23,600 Speaker 1: if you're in your car and your way home from work, 522 00:29:23,840 --> 00:29:26,440 Speaker 1: these secure facilities, I mean it's it's it's truly a 523 00:29:26,480 --> 00:29:28,760 Speaker 1: secure facility. It's not like they're on the House floor, 524 00:29:28,760 --> 00:29:31,400 Speaker 1: the Senate floor of the chamber there like the basement 525 00:29:32,000 --> 00:29:35,720 Speaker 1: of of these buildings and like lockdown procedures. No, yeah, 526 00:29:35,720 --> 00:29:38,680 Speaker 1: the basement of the Capital Visitors Center, there's there's a 527 00:29:38,760 --> 00:29:41,600 Speaker 1: room especially constructed like literally right next to like the 528 00:29:41,640 --> 00:29:46,880 Speaker 1: middle schoolers who are going well in the restricted area 529 00:29:47,000 --> 00:29:49,479 Speaker 1: beside that. But yes, right, but like when we've all 530 00:29:49,520 --> 00:29:51,240 Speaker 1: been there, I've seen both of you in these steakouts 531 00:29:51,240 --> 00:29:54,120 Speaker 1: where you're like jetting between the House and the Senate 532 00:29:54,200 --> 00:29:57,600 Speaker 1: and then like ten feet away behind the door. It 533 00:29:57,720 --> 00:30:00,680 Speaker 1: was like you know Thomas Jefferson Middle schools, you know, 534 00:30:00,720 --> 00:30:04,240 Speaker 1: annual spring thing in the meanwhile, it's like Senator Mark Morner, 535 00:30:04,360 --> 00:30:07,200 Speaker 1: like in a private facility getting briefed on all of 536 00:30:07,240 --> 00:30:09,360 Speaker 1: these things. All right, So the Mueller report that's going 537 00:30:09,400 --> 00:30:13,800 Speaker 1: to dominate the discourse tomorrow, Am Attorney General William barr 538 00:30:13,840 --> 00:30:15,960 Speaker 1: He's given this press conference. He's likely going to have 539 00:30:16,000 --> 00:30:20,080 Speaker 1: to testify back in Congress on May second. And I 540 00:30:21,160 --> 00:30:24,280 Speaker 1: don't see how Bob Mueller does not end up testifying publicly. 541 00:30:25,480 --> 00:30:29,240 Speaker 1: He has definitely probably the most sought after person in Washington, 542 00:30:29,320 --> 00:30:31,920 Speaker 1: d C. Right now, and it's really important to point 543 00:30:31,960 --> 00:30:35,240 Speaker 1: out how his images kind of changed within different parties. 544 00:30:35,360 --> 00:30:38,680 Speaker 1: Republicans now see Mueller is a very responsible, very good 545 00:30:38,720 --> 00:30:42,160 Speaker 1: steward of this investigation because bars summary said that he 546 00:30:42,200 --> 00:30:44,040 Speaker 1: didn't find any inclusion. You know what they say, if 547 00:30:44,080 --> 00:30:46,160 Speaker 1: you want a friend in Washington, get a dog, And 548 00:30:46,200 --> 00:30:49,320 Speaker 1: I kind of want a dog, but Christine Barrader, executive producer, says, 549 00:30:49,320 --> 00:30:50,719 Speaker 1: I don't have time to have a dog. All right. 550 00:30:50,720 --> 00:30:52,760 Speaker 1: I want to thank Sylvan Lane. He check out his 551 00:30:52,800 --> 00:30:55,200 Speaker 1: reporting on the Hill dot com. He writes there on 552 00:30:55,240 --> 00:30:58,600 Speaker 1: the Money newsletter, it's great, subscribe to it. And Anna Edgretan, 553 00:30:58,640 --> 00:31:01,880 Speaker 1: Bloomberg News political editor, that's it for me. I'm Kevin Crelli, 554 00:31:01,960 --> 00:31:05,680 Speaker 1: Chief Washington correspondent for Bloomberg TV and Radio. And remember 555 00:31:05,880 --> 00:31:08,400 Speaker 1: it's Mueller time. You're listening to Bloomberg