1 00:00:00,680 --> 00:00:04,880 Speaker 1: Now I'm Bloomberg with the government. What are the political 2 00:00:04,920 --> 00:00:07,760 Speaker 1: reality The President has been increasingly frustrated. I want to 3 00:00:07,760 --> 00:00:10,320 Speaker 1: try to cut through the noise politically. This is devastating. 4 00:00:10,520 --> 00:00:15,600 Speaker 1: Sound On with Kevin, the insiders, the influencers, insiders. It 5 00:00:15,800 --> 00:00:18,400 Speaker 1: is no secret that I care a lot about the consumers. 6 00:00:18,600 --> 00:00:21,640 Speaker 1: There are real questions about good tech. We still have 7 00:00:21,680 --> 00:00:23,880 Speaker 1: more leverage to use with the tariffs. I think we 8 00:00:23,920 --> 00:00:25,760 Speaker 1: could do with a little less drama from the White 9 00:00:25,760 --> 00:00:31,400 Speaker 1: op is Sound On with Kevin's relate on Bloomberg and 10 00:00:31,520 --> 00:00:36,240 Speaker 1: one ohoint seven a m h D two, Baltimore. Happy Monday, folks. 11 00:00:36,720 --> 00:00:39,920 Speaker 1: One day before President tromp set to deliver his State 12 00:00:39,960 --> 00:00:43,680 Speaker 1: of the Union address, We've got Senator Kevin Kramer, a 13 00:00:43,760 --> 00:00:47,159 Speaker 1: Republican from North Dakota. He's going to tell us all 14 00:00:47,200 --> 00:00:52,280 Speaker 1: about what the President is likely to say. Meanwhile, negotiations 15 00:00:52,320 --> 00:00:56,520 Speaker 1: continue between Republicans and Democrats. That Friday looming deadline in 16 00:00:56,600 --> 00:00:59,160 Speaker 1: terms of when lawmakers need to get some type of 17 00:00:59,240 --> 00:01:02,320 Speaker 1: deal on plus President Trump, We're gonna break down that 18 00:01:02,360 --> 00:01:06,119 Speaker 1: interview he gave with CBS News is Margaret Brennan. He's 19 00:01:06,160 --> 00:01:10,119 Speaker 1: talking Roger Stone, He's talking the Super Bowl would his son, 20 00:01:10,280 --> 00:01:13,000 Speaker 1: would he allow his son to play football? We're gonna 21 00:01:13,000 --> 00:01:15,440 Speaker 1: get into all of that all star panel alex Wayne 22 00:01:15,440 --> 00:01:17,720 Speaker 1: Bloomberg News White House Editor with me for the hour 23 00:01:17,800 --> 00:01:20,840 Speaker 1: in studio, as well as Anna Edgerton, Bloomberg News Congressional 24 00:01:20,880 --> 00:01:24,319 Speaker 1: reporter fresh off of Capitol Hill. Before we dive into 25 00:01:24,400 --> 00:01:25,720 Speaker 1: all of that, though, let's get a check of the 26 00:01:25,760 --> 00:01:28,880 Speaker 1: headlines from Nancy Lions Nancy Thanks, Kevin the White House. 27 00:01:28,959 --> 00:01:31,919 Speaker 1: As President Trump will be calling for optimism and unity 28 00:01:31,959 --> 00:01:34,119 Speaker 1: in his State of the Union address, using the moment 29 00:01:34,160 --> 00:01:37,600 Speaker 1: to attempt a reset after two years of bitter partisanship 30 00:01:37,680 --> 00:01:41,600 Speaker 1: and personal attacks. Senior Trump advisor Kelly and Conway, this 31 00:01:41,800 --> 00:01:44,560 Speaker 1: president is going to call for an end to the 32 00:01:44,560 --> 00:01:49,240 Speaker 1: politics resistance, retribution, and call for more comedy. C O, M. I. T. Y. 33 00:01:49,320 --> 00:01:52,120 Speaker 1: Bloomberg Radio and Television will begin coverage of this State 34 00:01:52,120 --> 00:01:56,120 Speaker 1: of the Union tomorrow at eight thirty. Virginia Governor Ralph 35 00:01:56,200 --> 00:01:58,640 Speaker 1: Northam has been meeting with staff to discuss his options 36 00:01:58,640 --> 00:02:02,280 Speaker 1: following revelations about a photo on his medical school yearbook page. 37 00:02:02,360 --> 00:02:05,520 Speaker 1: He first apologized for the photo that shows a man 38 00:02:05,600 --> 00:02:08,400 Speaker 1: in black face another in a KKK robe, but on 39 00:02:08,480 --> 00:02:11,440 Speaker 1: Saturday he switched that narrative, saying he was not in 40 00:02:11,480 --> 00:02:14,000 Speaker 1: the photo at all, but admitted to wearing black face 41 00:02:14,040 --> 00:02:16,920 Speaker 1: while portraying Michael Jackson in a dance performance about the 42 00:02:16,960 --> 00:02:20,560 Speaker 1: same time frame. Well today, protesters stood outside the governor's 43 00:02:20,560 --> 00:02:29,560 Speaker 1: mansion while Northam resists calls to step down. Virginia Lieutenant 44 00:02:29,639 --> 00:02:34,040 Speaker 1: Governor Justin Fairfax is denying allegations of assault that date 45 00:02:34,080 --> 00:02:37,280 Speaker 1: back to two thousand and four. Bloomberg's Amy Morris has 46 00:02:37,320 --> 00:02:41,040 Speaker 1: that story. Justin Fairfax released a statement around three o'clock 47 00:02:41,040 --> 00:02:44,400 Speaker 1: this morning denying the allegation of sexual assault during the 48 00:02:44,440 --> 00:02:47,720 Speaker 1: two thousand four Democratic National Convention while he was a 49 00:02:47,760 --> 00:02:50,359 Speaker 1: staffer for John Carey, who was running for president at 50 00:02:50,360 --> 00:02:53,160 Speaker 1: the time. Several news outlets have known about the claim 51 00:02:53,200 --> 00:02:56,079 Speaker 1: for months, but have not been able to corroborate the allegations. 52 00:02:56,360 --> 00:02:59,160 Speaker 1: The claim was posted on the same website that released 53 00:02:59,280 --> 00:03:03,320 Speaker 1: that racist photo from the governor's medical school yearbook. Amy Morris, 54 00:03:03,320 --> 00:03:06,799 Speaker 1: Bloomberg and one oh five point seven f m HD two, 55 00:03:07,000 --> 00:03:09,760 Speaker 1: making a just under the wire. At midnight last night, 56 00:03:09,800 --> 00:03:13,440 Speaker 1: Virginia's House and Senate passed competing versions of the state budget. 57 00:03:13,800 --> 00:03:16,200 Speaker 1: The House has revised a two year budget, including extra 58 00:03:16,200 --> 00:03:18,960 Speaker 1: money for teacher and state employee pay, as well as 59 00:03:18,960 --> 00:03:23,200 Speaker 1: a boost to tech education initiatives. The Senate plan focuses 60 00:03:23,320 --> 00:03:26,240 Speaker 1: on tax relief as well as a giving a five 61 00:03:26,240 --> 00:03:29,639 Speaker 1: percent pay raise to teachers. A suspect is in custody 62 00:03:29,639 --> 00:03:31,960 Speaker 1: after a shooting today at the University of Maryland Medical 63 00:03:32,040 --> 00:03:35,360 Speaker 1: Center in Baltimore. The hospital's chief physician, Dr. Thomas Scalia 64 00:03:35,440 --> 00:03:39,120 Speaker 1: says a twenty four year old hospital employee suffered multiple 65 00:03:39,160 --> 00:03:43,480 Speaker 1: gunshot wounds. He is critically ill. He is on life support. 66 00:03:44,000 --> 00:03:48,920 Speaker 1: He is actively undergoing procedures to treat his injuries. We are, 67 00:03:49,040 --> 00:03:52,320 Speaker 1: of course, quite hopeful that everything will be okay, but 68 00:03:52,440 --> 00:03:55,760 Speaker 1: it's way too early to tell. Officials believe the two 69 00:03:55,800 --> 00:03:58,040 Speaker 1: men didn't know each other. They're not sure though, of 70 00:03:58,040 --> 00:04:02,120 Speaker 1: the motive. Time Now for the Beltway Business report here 71 00:04:02,160 --> 00:04:05,680 Speaker 1: is Blueberg's Larry Cosski Well Nancy Stocks ended higher. Training 72 00:04:05,760 --> 00:04:08,840 Speaker 1: was thin as investors awaited more quarterly earnings. Reports that 73 00:04:08,960 --> 00:04:12,520 Speaker 1: al Jones industrial average jump one hundred seventy five. The 74 00:04:12,680 --> 00:04:16,440 Speaker 1: SMP five hundred gained eighteen than as that composite climbed 75 00:04:16,480 --> 00:04:19,560 Speaker 1: eight e three. Alphabet is lower in late training. The 76 00:04:19,560 --> 00:04:23,120 Speaker 1: Google parent reported thin or fourth quarter profit margins. As 77 00:04:23,160 --> 00:04:26,520 Speaker 1: it's spent heavily to expand its cloud and hardware businesses, 78 00:04:26,920 --> 00:04:30,400 Speaker 1: sales beat estimates. Costs rose more than twenty six percent 79 00:04:30,560 --> 00:04:33,719 Speaker 1: from a year ago. Sears took its fight for survival 80 00:04:33,760 --> 00:04:37,279 Speaker 1: to bankruptcy court today, seeking approval of chairman Natie Lampert's 81 00:04:37,320 --> 00:04:40,400 Speaker 1: five point two billion dollar bid. The offer would keep 82 00:04:40,400 --> 00:04:43,280 Speaker 1: the doors open at four hundred twenty five stores as 83 00:04:43,080 --> 00:04:47,120 Speaker 1: a ruling is expected later in the week. Southwest Airlines 84 00:04:47,160 --> 00:04:50,280 Speaker 1: takes a big step this week towards starting service to Hawaii. 85 00:04:51,040 --> 00:04:55,080 Speaker 1: Southwest Jet will fly tomorrow from Oakland, California, to Honolulu 86 00:04:55,120 --> 00:04:58,719 Speaker 1: with safety regulators on board for a so called validation flight. 87 00:04:59,240 --> 00:05:01,960 Speaker 1: Landing in Hawaii would be the first for a Southwest Jet. 88 00:05:02,600 --> 00:05:05,680 Speaker 1: The Bloomberg ninety one Washington d C. Area stock index 89 00:05:05,760 --> 00:05:08,720 Speaker 1: game one point two percent Europe to date on business 90 00:05:08,720 --> 00:05:11,719 Speaker 1: from the Beltway to Baltimore. I'm Larry Kowsky. This is 91 00:05:11,720 --> 00:05:14,200 Speaker 1: Bloomberg ninety nine one and one oh five point seven 92 00:05:14,240 --> 00:05:16,440 Speaker 1: f M E H D two. Thanks Larry. The This 93 00:05:16,480 --> 00:05:19,240 Speaker 1: news update brought to you by s e I. Since 94 00:05:19,279 --> 00:05:23,560 Speaker 1: its founding fifty years ago, SEI has provided investment managers 95 00:05:23,560 --> 00:05:28,960 Speaker 1: and asset owners with robust infrastructure platforms and flexible outsourcing solutions. 96 00:05:28,960 --> 00:05:31,480 Speaker 1: Go to se i C dot Com, slash i m 97 00:05:31,600 --> 00:05:34,320 Speaker 1: s Global News twenty four hours a day on air 98 00:05:34,360 --> 00:05:36,679 Speaker 1: and at TikTok on Twitter, powered by more than twenty 99 00:05:36,720 --> 00:05:39,040 Speaker 1: seven journalists and analysts to more than a dred and 100 00:05:39,040 --> 00:05:43,320 Speaker 1: twenty countries. I'm Nancy, Lions, Kevin, thank you, Nancy man. 101 00:05:43,320 --> 00:05:45,520 Speaker 1: That game was pretty boring last night. But things that 102 00:05:45,560 --> 00:05:49,800 Speaker 1: are not boring the negotiations between Republicans and Democrats up 103 00:05:49,800 --> 00:05:53,159 Speaker 1: on Capitol Hill. No one has any idea how this 104 00:05:53,320 --> 00:05:56,040 Speaker 1: rerun of a government shutdown is going to play out 105 00:05:56,080 --> 00:05:59,440 Speaker 1: and how it's gonna end. Uh. And President Trump he 106 00:05:59,560 --> 00:06:02,320 Speaker 1: sets an deliver his State of the Union address tomorrow 107 00:06:02,440 --> 00:06:05,839 Speaker 1: night before a joint session of Congress. All of the 108 00:06:05,880 --> 00:06:08,520 Speaker 1: who's who in terms of Washington will be in that room. 109 00:06:08,520 --> 00:06:11,360 Speaker 1: Who's going to be the designated survivor will find out? 110 00:06:11,400 --> 00:06:14,120 Speaker 1: I guess in just over twenty four hours, all of 111 00:06:14,160 --> 00:06:18,640 Speaker 1: the pomp and circumstance and pageantry, and speaker Nancy Pelosi 112 00:06:18,680 --> 00:06:22,880 Speaker 1: will be seated right behind President Trump tomorrow night in 113 00:06:22,960 --> 00:06:28,400 Speaker 1: prime time, next to Vice President Mike Pence. Oh that theatrics, folks, 114 00:06:28,440 --> 00:06:30,920 Speaker 1: but it's also about policy, which is why I'm so 115 00:06:30,960 --> 00:06:33,640 Speaker 1: glad I have my colleagues Alex Wayne Bloomberg News White 116 00:06:33,680 --> 00:06:36,880 Speaker 1: House editor and Anna Edgerton, Bloomberg News Congressional reporter with 117 00:06:36,920 --> 00:06:38,800 Speaker 1: me for the hour. I want to start, Alex with 118 00:06:38,839 --> 00:06:42,200 Speaker 1: the state of the Union, because look, when you talk 119 00:06:42,279 --> 00:06:45,239 Speaker 1: to Republicans in the Senate, for example, like we're gonna 120 00:06:45,240 --> 00:06:48,080 Speaker 1: hear later this hour from Senator Kevin Kramer, a Republican 121 00:06:48,160 --> 00:06:51,600 Speaker 1: from North Dakota, he's not gonna say the wall. He's 122 00:06:51,600 --> 00:06:54,440 Speaker 1: gonna refer to it as something else. The President's tried 123 00:06:54,520 --> 00:06:57,640 Speaker 1: to do that, but the base of the Republican Party, Alex, 124 00:06:58,240 --> 00:07:00,680 Speaker 1: I'm not sure they want him to move. Didn't the 125 00:07:00,680 --> 00:07:02,880 Speaker 1: President just tweet a few days ago that we should 126 00:07:02,920 --> 00:07:05,440 Speaker 1: just start calling at the wall again. The walls wall, 127 00:07:05,600 --> 00:07:07,840 Speaker 1: stopped conn at the barrier, stop calling up fencing. It's 128 00:07:07,839 --> 00:07:12,600 Speaker 1: a wall. It's this weird political semantics game. Yeah. Uh, Well, 129 00:07:12,920 --> 00:07:14,600 Speaker 1: the State of the Union is gonna be uh, it's 130 00:07:14,600 --> 00:07:16,320 Speaker 1: gonna be something. I mean, this is a state of 131 00:07:16,360 --> 00:07:18,320 Speaker 1: the Union, the State of the Union addresses can I 132 00:07:18,400 --> 00:07:20,000 Speaker 1: can I say it's gonna be lit? Is that what 133 00:07:20,080 --> 00:07:26,200 Speaker 1: the kids? The kids? What alex Wayne is saying and 134 00:07:27,400 --> 00:07:29,400 Speaker 1: that right there, and editing is either like get me 135 00:07:29,440 --> 00:07:31,520 Speaker 1: out of here, or she's like, yeah, it could be lit. 136 00:07:31,920 --> 00:07:33,600 Speaker 1: I mean, I still consider myself too old to be 137 00:07:33,640 --> 00:07:35,400 Speaker 1: at the millennial, so I don't know what the kids 138 00:07:35,440 --> 00:07:39,720 Speaker 1: are saying. Anyway, I definitely this this is a speech 139 00:07:39,760 --> 00:07:42,400 Speaker 1: that could be bookended by two government shutdowns. It's like 140 00:07:42,480 --> 00:07:44,880 Speaker 1: it could. It's it like falls into this little window 141 00:07:44,920 --> 00:07:46,920 Speaker 1: and they reopened the government for a couple of weeks. 142 00:07:47,000 --> 00:07:48,960 Speaker 1: They try to negotiate border security and it knows a 143 00:07:49,000 --> 00:07:51,480 Speaker 1: lot more about what's going there than I do. But uh, 144 00:07:51,960 --> 00:07:54,960 Speaker 1: if that fails, Trump might shut down the government again. 145 00:07:55,040 --> 00:07:58,080 Speaker 1: I mean, and it's fascinating because we're saying this before 146 00:07:58,120 --> 00:08:00,640 Speaker 1: we came on air. But essentially there's a small group 147 00:08:00,800 --> 00:08:03,240 Speaker 1: of Republicans and Democrats who were at the border as 148 00:08:03,360 --> 00:08:06,520 Speaker 1: we speak. Yeah, that's right. So the right now they 149 00:08:06,560 --> 00:08:09,560 Speaker 1: have this Conference Committee, which is Republicans and Democrats from 150 00:08:09,560 --> 00:08:12,440 Speaker 1: both chambers that are trying to find this border security compromise. 151 00:08:12,720 --> 00:08:14,720 Speaker 1: A few of them actually went to the border to 152 00:08:14,920 --> 00:08:18,400 Speaker 1: see what is actually physically there. Is it offense, is 153 00:08:18,440 --> 00:08:21,640 Speaker 1: it vehicular barriers? Is it concertina wire? And try to 154 00:08:21,680 --> 00:08:24,280 Speaker 1: figure out what could be upgraded and maybe call that 155 00:08:24,360 --> 00:08:26,520 Speaker 1: a wall, and what could be kind of repaired in 156 00:08:26,600 --> 00:08:30,720 Speaker 1: a way that doesn't really make problems for Democrats with 157 00:08:30,800 --> 00:08:33,320 Speaker 1: their base, but could be sold to the Republican base 158 00:08:33,600 --> 00:08:35,760 Speaker 1: as something that counts as a wall. But do they 159 00:08:35,840 --> 00:08:38,280 Speaker 1: think people are stupid? This is on both sides of 160 00:08:38,320 --> 00:08:41,280 Speaker 1: the aisle because Democrats, I mean, are not going to 161 00:08:41,400 --> 00:08:45,360 Speaker 1: give President Trump this talk about. But but also it's 162 00:08:45,400 --> 00:08:47,400 Speaker 1: not like the base is going to be the Republican 163 00:08:47,440 --> 00:08:49,920 Speaker 1: Party is going to be like, oh, offense as a wall. 164 00:08:50,040 --> 00:08:55,120 Speaker 1: I mean, I mean someone's gonna lose, no, Alex uh sure, Yeah, 165 00:08:55,240 --> 00:08:58,920 Speaker 1: I mean I don't think this is a This president 166 00:08:59,040 --> 00:09:01,199 Speaker 1: is famous for trying to everything zero sum. You know, 167 00:09:01,200 --> 00:09:03,800 Speaker 1: there's always a loser in a winner. There's never compromised, 168 00:09:03,920 --> 00:09:07,280 Speaker 1: and I'm I'm sure that that's how we've used this debate. 169 00:09:07,960 --> 00:09:10,400 Speaker 1: Either he wins or or he loses, and he's pretty 170 00:09:10,400 --> 00:09:12,840 Speaker 1: determined not to lose. So even if he even if 171 00:09:12,840 --> 00:09:14,400 Speaker 1: he does lose, though, I think he's going to try 172 00:09:14,440 --> 00:09:15,920 Speaker 1: to make it sound like a win. So he might 173 00:09:15,960 --> 00:09:18,240 Speaker 1: get some concertina wire put on the border by by 174 00:09:18,280 --> 00:09:20,719 Speaker 1: the army, But that's gonna be a wall when he 175 00:09:20,760 --> 00:09:22,760 Speaker 1: rents for re election, and I would say, this secret 176 00:09:22,840 --> 00:09:25,319 Speaker 1: to getting out of the situation without another shutdown is 177 00:09:25,360 --> 00:09:28,839 Speaker 1: finding a solution that both sides can sell as a win. So, 178 00:09:29,120 --> 00:09:31,560 Speaker 1: you know, if we can find a way that's not zero, 179 00:09:31,640 --> 00:09:33,960 Speaker 1: some that both sides can say they got something they want, 180 00:09:34,240 --> 00:09:35,560 Speaker 1: that's how we're going to get out of this. How 181 00:09:35,640 --> 00:09:37,959 Speaker 1: we do that remains unclear. You know what I think, 182 00:09:38,200 --> 00:09:40,199 Speaker 1: for what it's worth, I was talking to some sources 183 00:09:40,240 --> 00:09:42,800 Speaker 1: at the What Else on Friday. I think that this 184 00:09:43,000 --> 00:09:45,120 Speaker 1: is this is kind of fool's gold. I think it's 185 00:09:45,160 --> 00:09:47,559 Speaker 1: a it's a false choice what people are saying in 186 00:09:47,720 --> 00:09:50,560 Speaker 1: terms of it's either a deal with Congress or declare 187 00:09:50,559 --> 00:09:53,800 Speaker 1: a national emergency. Why wouldn't President Trump try to do both? 188 00:09:54,120 --> 00:09:56,200 Speaker 1: Why wouldn't he settle for a little less money than 189 00:09:56,240 --> 00:09:59,079 Speaker 1: five point seven billion dollars, which is of course the 190 00:09:59,160 --> 00:10:00,960 Speaker 1: hardliner now we're here, the micro down a little bit, 191 00:10:01,240 --> 00:10:03,280 Speaker 1: and then say all right, I didn't get enough money. 192 00:10:03,360 --> 00:10:06,760 Speaker 1: I need more money. We got a little bit to 193 00:10:06,960 --> 00:10:10,360 Speaker 1: kick start the wall, defensing, the smart wall, whatever whatever 194 00:10:10,440 --> 00:10:13,760 Speaker 1: it's called down there, and meanwhile launch a legal battle 195 00:10:14,280 --> 00:10:18,040 Speaker 1: by by declaring a national emergency. He could probably why 196 00:10:18,120 --> 00:10:21,000 Speaker 1: Democrats don't want to give him any money, right right, 197 00:10:21,080 --> 00:10:23,400 Speaker 1: because they because elaborate on that in terms of in 198 00:10:23,520 --> 00:10:25,439 Speaker 1: terms of why Democrats are so much trusting of this 199 00:10:25,559 --> 00:10:28,080 Speaker 1: is because they think he could shut down the government 200 00:10:28,080 --> 00:10:30,880 Speaker 1: again whenever he wants, or could just launch a whole 201 00:10:30,960 --> 00:10:33,839 Speaker 1: legal tyrant. And what we heard from Democrats last week 202 00:10:33,920 --> 00:10:35,600 Speaker 1: is saying that they could give more than the five 203 00:10:35,640 --> 00:10:39,280 Speaker 1: point seven billion dollars if there's an operational justification and 204 00:10:39,360 --> 00:10:41,760 Speaker 1: as long as it doesn't go to new construction. So 205 00:10:41,920 --> 00:10:44,160 Speaker 1: Democrats are trying to say the amount of money is 206 00:10:44,240 --> 00:10:47,360 Speaker 1: not the problem. We support border security, we want to 207 00:10:47,440 --> 00:10:50,679 Speaker 1: have operational control of who interest this country, but we 208 00:10:50,840 --> 00:10:54,719 Speaker 1: don't want this kind of ideological monument to Trump and 209 00:10:55,000 --> 00:10:58,719 Speaker 1: in terms of a concrete wall. So one of the 210 00:10:58,800 --> 00:11:02,000 Speaker 1: solutions we could see from the Conference Committee is additional 211 00:11:02,120 --> 00:11:05,360 Speaker 1: money for border security, but none of that going to 212 00:11:05,440 --> 00:11:07,840 Speaker 1: new construction. The problem with that, however, and there are 213 00:11:07,840 --> 00:11:12,480 Speaker 1: a few problems with that, is that well, well, depending 214 00:11:12,520 --> 00:11:14,199 Speaker 1: on how you sold it to him, I guess. But 215 00:11:14,480 --> 00:11:18,360 Speaker 1: also some Democratic freshman have said no new money for DHS. 216 00:11:18,440 --> 00:11:21,240 Speaker 1: The Department of Homeland Security already has more money than 217 00:11:21,280 --> 00:11:23,719 Speaker 1: it needs more money than it can spend, and we 218 00:11:23,760 --> 00:11:27,200 Speaker 1: shouldn't give them any more money than what has already 219 00:11:27,200 --> 00:11:30,360 Speaker 1: been appropriated. Alex, We've spent the first a block now 220 00:11:30,559 --> 00:11:33,280 Speaker 1: talking about the wall, the wall, the wall, enhanced fencing, 221 00:11:33,520 --> 00:11:35,959 Speaker 1: whatever you want to call it, if you're a President Trump. 222 00:11:36,080 --> 00:11:39,319 Speaker 1: And as the White House sources are espousing, this is 223 00:11:39,360 --> 00:11:41,760 Speaker 1: going to be an uplifting speech. This is going to 224 00:11:41,880 --> 00:11:45,320 Speaker 1: be aspirational. I'm not sure a topic like the wall, 225 00:11:45,440 --> 00:11:49,360 Speaker 1: I don't I don't see how how this, this State 226 00:11:49,400 --> 00:11:53,880 Speaker 1: of the Union address doesn't fall upon party lines. This 227 00:11:54,000 --> 00:11:56,959 Speaker 1: is the president who declared that that we were suffering 228 00:11:57,000 --> 00:12:01,160 Speaker 1: American carnage. And as inauguration speech, you remember, I have 229 00:12:01,520 --> 00:12:07,120 Speaker 1: a I have low expectations for a bipartisan, optimistic, uplifting 230 00:12:07,160 --> 00:12:08,840 Speaker 1: speech from this president. All right, we're coming up. We're 231 00:12:08,840 --> 00:12:10,439 Speaker 1: gonna die much more into the policy of the State 232 00:12:10,480 --> 00:12:13,600 Speaker 1: of the Union. We're talking foreign policy, football and Senator 233 00:12:13,880 --> 00:12:17,439 Speaker 1: Kevin Kramer, remember him, he's the more I guess, a 234 00:12:17,480 --> 00:12:20,400 Speaker 1: freshman senator from Republican from North Dakota talking about trade 235 00:12:20,440 --> 00:12:22,880 Speaker 1: policy as well. Coming up. Remember you can check us 236 00:12:22,920 --> 00:12:25,760 Speaker 1: out on iTunes now after the show. Just search for 237 00:12:25,840 --> 00:12:28,959 Speaker 1: sound on on Apple iTunes. Also available on the I 238 00:12:29,160 --> 00:12:32,520 Speaker 1: Heart Radio app and Edgerton Alex Wayne by Bloomberger's colleagues, 239 00:12:32,559 --> 00:12:38,959 Speaker 1: they stay, I'm Kevin Sirelli. You're listening to Bloomberg. You're 240 00:12:39,040 --> 00:12:41,760 Speaker 1: listening to Sound On with Kevin Cirelli. I'm Nathan Hager. 241 00:12:41,840 --> 00:12:45,160 Speaker 1: Join us tomorrow morning on Bloomberg Daybreak as we preview 242 00:12:45,280 --> 00:12:48,840 Speaker 1: President Trump stated the Union Address with Bloomberg Washington reporter 243 00:12:49,000 --> 00:12:52,080 Speaker 1: Kathleen Hunter at Bloomberg day Break starting tomorrow morning at 244 00:12:52,120 --> 00:12:57,880 Speaker 1: five on Bloomberg. You're listening to Sound On with Kevin 245 00:12:57,960 --> 00:13:01,559 Speaker 1: Surreally on Bloomberg N nine one and one oh five 246 00:13:01,640 --> 00:13:05,040 Speaker 1: point seven m h D two Baltimore. Would you let 247 00:13:05,080 --> 00:13:09,960 Speaker 1: your son Barren play football? It's very it's a very 248 00:13:10,000 --> 00:13:12,839 Speaker 1: tough question. It's a very good question. If he wanted to, Yes, 249 00:13:12,960 --> 00:13:16,760 Speaker 1: would I steer him that way? No? I wouldn't. That 250 00:13:16,960 --> 00:13:20,040 Speaker 1: was President Trump to CBS News as Margaret Brendan, a 251 00:13:20,040 --> 00:13:23,600 Speaker 1: Bloomberg News alum, for what it's worth, asking President Trump 252 00:13:23,679 --> 00:13:26,679 Speaker 1: about whether his youngest son, Barren, whether or not he'd 253 00:13:26,679 --> 00:13:30,000 Speaker 1: allow him to play football. Alex Wayne is the Bloomberg 254 00:13:30,040 --> 00:13:32,960 Speaker 1: News White House editor and an Edwardton Bloomberg News Congressional 255 00:13:33,040 --> 00:13:35,280 Speaker 1: reporter there with me for the hour. I thought that 256 00:13:35,400 --> 00:13:38,440 Speaker 1: was a really interesting moment in that in that CBS interview. 257 00:13:38,480 --> 00:13:41,520 Speaker 1: Interesting question answer, Yeah, it was. It wasn't interesting, uh, 258 00:13:41,800 --> 00:13:44,600 Speaker 1: an interesting answer I have. I have three little boys, 259 00:13:45,000 --> 00:13:48,160 Speaker 1: and I share the President's position on this. I would 260 00:13:48,480 --> 00:13:50,880 Speaker 1: advise them not to. I think it's a dangerous game, 261 00:13:50,960 --> 00:13:53,200 Speaker 1: but if they really want to, I guess I wouldn't 262 00:13:53,200 --> 00:13:56,400 Speaker 1: stand in the way. It's And the politics that I mean, 263 00:13:56,679 --> 00:13:58,880 Speaker 1: you know, this is not a sports show, but the 264 00:13:59,080 --> 00:14:02,839 Speaker 1: politics and how the president really has has politicized the 265 00:14:03,000 --> 00:14:06,800 Speaker 1: NFL is quite remarkable to see, you know, even even 266 00:14:06,880 --> 00:14:09,640 Speaker 1: the undertones to last night's very boring game. And I'm 267 00:14:09,640 --> 00:14:11,640 Speaker 1: sorry that the Patriots one. Everyone knows I'm not a 268 00:14:11,640 --> 00:14:13,760 Speaker 1: Patriots man. All right, I'm getting away from sports, bring 269 00:14:13,840 --> 00:14:16,080 Speaker 1: it back to politics. But even the the Washington Post 270 00:14:16,160 --> 00:14:18,559 Speaker 1: ad I thought was just a great ad. And it 271 00:14:18,720 --> 00:14:21,920 Speaker 1: wasn't just for the Washington Post. There were also other 272 00:14:22,240 --> 00:14:25,120 Speaker 1: the Fox News reporter in there, Anderson Cooper was in there. 273 00:14:25,640 --> 00:14:28,080 Speaker 1: Oh no, I like that. Where's your favorite ad? Anna? 274 00:14:28,720 --> 00:14:33,960 Speaker 1: I didn't watch the game, worries. Sorry you didn't miss anything. Okay, 275 00:14:34,160 --> 00:14:37,360 Speaker 1: Welllome until halfway through the fourth quarter. The Philadelphia Eagles 276 00:14:37,400 --> 00:14:39,560 Speaker 1: were the last team to score in an NFL Super 277 00:14:39,600 --> 00:14:41,920 Speaker 1: Bowl for what it's worth. Okay, well the Panthers is 278 00:14:42,400 --> 00:14:44,800 Speaker 1: you know who is a Carson Wentz fan is Senator 279 00:14:45,120 --> 00:14:48,000 Speaker 1: Kevin Kramer, who is a Republican from North Dakota, because 280 00:14:48,040 --> 00:14:50,680 Speaker 1: Wentz is from North Dakota and off camera, and we 281 00:14:50,760 --> 00:14:52,440 Speaker 1: talked a lot about that, but let's bring it back 282 00:14:52,520 --> 00:14:55,800 Speaker 1: to foreign policy away from North Dakota. How's that for 283 00:14:55,840 --> 00:14:59,120 Speaker 1: a pivot? Christine Barano, executive producer of the show, Um, 284 00:14:59,760 --> 00:15:02,520 Speaker 1: I was. I was really struck by these developments today 285 00:15:03,080 --> 00:15:05,680 Speaker 1: in terms of also that he alluded to in the 286 00:15:05,760 --> 00:15:09,760 Speaker 1: CBS interview about his confidence in Secretary of State Mike Pompeo, 287 00:15:09,920 --> 00:15:12,960 Speaker 1: and we got the news today of who he's announcing 288 00:15:13,120 --> 00:15:18,240 Speaker 1: for Secretary of Interior. Um he heads into the State 289 00:15:18,280 --> 00:15:21,640 Speaker 1: of the Union addressed tomorrow, Alex with a cabinet that 290 00:15:21,840 --> 00:15:27,560 Speaker 1: is not really I mean firm. How would you describe 291 00:15:28,360 --> 00:15:30,320 Speaker 1: that way? I mean, Chuck Schumer sent out a statement 292 00:15:30,360 --> 00:15:32,240 Speaker 1: today where he he you know, he ran it about 293 00:15:32,280 --> 00:15:36,000 Speaker 1: how that the state of the Trump administration is up 294 00:15:36,040 --> 00:15:38,320 Speaker 1: in the air. He's got all of these cabinet members 295 00:15:38,360 --> 00:15:40,520 Speaker 1: who are acting he's got an acting chief of staff. 296 00:15:40,880 --> 00:15:43,360 Speaker 1: The President keeps saying, well, I like having acting people 297 00:15:43,440 --> 00:15:46,880 Speaker 1: because then I can fire them more easily effectively what 298 00:15:46,960 --> 00:15:50,000 Speaker 1: he's saying, even though he he doesn't he doesn't seem 299 00:15:50,080 --> 00:15:52,480 Speaker 1: in clientifire any of these acting guys. He did nominate 300 00:15:52,520 --> 00:15:57,680 Speaker 1: the acting Interior Secretary UH David for for the full 301 00:15:57,720 --> 00:16:01,760 Speaker 1: time position today. UM. And an interesting moment in that 302 00:16:01,800 --> 00:16:04,640 Speaker 1: CBS interview I thought was when he he sort of 303 00:16:04,840 --> 00:16:07,120 Speaker 1: seemed to be in denial that his Secretary of State 304 00:16:07,200 --> 00:16:10,200 Speaker 1: Mike Pompeo, who is not acting as confirmed, might run 305 00:16:10,240 --> 00:16:12,080 Speaker 1: for Senate and kids and a lot of folks, I mean, look, 306 00:16:12,200 --> 00:16:16,360 Speaker 1: if you're a Democrat, you know whatever. But Republicans that 307 00:16:16,400 --> 00:16:18,680 Speaker 1: I talked to a lot of folks like Secretary Pompeo, 308 00:16:18,760 --> 00:16:22,280 Speaker 1: they view him as someone who has UH I don't 309 00:16:22,320 --> 00:16:24,680 Speaker 1: want to say, but someone who has who has kept 310 00:16:24,760 --> 00:16:27,520 Speaker 1: his relationships in terms of what he had from his 311 00:16:27,600 --> 00:16:30,320 Speaker 1: time at the Hill, his time at CIA. UH. And 312 00:16:31,160 --> 00:16:34,800 Speaker 1: so that would be a really interesting loss to the administration, 313 00:16:34,920 --> 00:16:37,040 Speaker 1: but a gain in the Senate. And I will say 314 00:16:37,080 --> 00:16:39,240 Speaker 1: it's a really interesting time for foreign policy in the 315 00:16:39,240 --> 00:16:42,120 Speaker 1: Trump administration. They've had a really big moment with their 316 00:16:42,200 --> 00:16:46,120 Speaker 1: leadership on Venezuela and gotten a lot of bipartisan recognition 317 00:16:46,320 --> 00:16:50,880 Speaker 1: for supporting the interim government of One Guido, which most 318 00:16:50,920 --> 00:16:53,480 Speaker 1: people recognize the Madua regime is something that needed to 319 00:16:53,680 --> 00:16:56,040 Speaker 1: end in Venezuela and this is one way to go 320 00:16:56,160 --> 00:17:00,360 Speaker 1: about doing it. So the foreign policy kind of stage 321 00:17:00,400 --> 00:17:03,040 Speaker 1: has been a bright spot for the Trump administration in 322 00:17:03,120 --> 00:17:06,280 Speaker 1: recent weeks, kind of pivoting from the thirty five day 323 00:17:06,320 --> 00:17:08,760 Speaker 1: government shutdown, which was certainly not a right spot. Then 324 00:17:08,800 --> 00:17:10,880 Speaker 1: you have something like the Russia I n F thing, 325 00:17:11,080 --> 00:17:13,520 Speaker 1: and you have which I agree, I mean I to 326 00:17:13,680 --> 00:17:17,520 Speaker 1: end his point, Alex to see Speaker Pelosi praise the 327 00:17:18,119 --> 00:17:23,080 Speaker 1: administration for uh, for the situation in Venezuela. UH. And 328 00:17:23,960 --> 00:17:27,119 Speaker 1: I think that dynamic that Secretary of Pompeio really was 329 00:17:27,280 --> 00:17:29,560 Speaker 1: the leader on in terms of the negotiation. And there 330 00:17:29,640 --> 00:17:31,520 Speaker 1: was like a twenty four hour period where people were 331 00:17:31,960 --> 00:17:35,480 Speaker 1: a bit nervous about the diplomats. Rightfully, so, um, no 332 00:17:35,560 --> 00:17:37,879 Speaker 1: matter what part you're in, those diplomats in the in 333 00:17:38,000 --> 00:17:41,600 Speaker 1: the embassy. But but yeah, I mean the coalition that 334 00:17:41,720 --> 00:17:45,600 Speaker 1: I think it's sort of now concrete and accepted that 335 00:17:46,359 --> 00:17:48,920 Speaker 1: the the Venezuelan people I mean they're in our own 336 00:17:48,920 --> 00:17:52,080 Speaker 1: president is is long wide. Oh, and that's who's recognized. 337 00:17:52,080 --> 00:17:53,920 Speaker 1: I do want to get to my interview. I was 338 00:17:54,160 --> 00:17:58,200 Speaker 1: with Senator Kevin Kramer, a Republican from North Dakota, because 339 00:17:58,200 --> 00:18:01,760 Speaker 1: I asked him about the shut down, the state of politics, 340 00:18:01,840 --> 00:18:04,520 Speaker 1: the wall, and we'll I'll just play that and we'll 341 00:18:04,520 --> 00:18:07,080 Speaker 1: come back and we'll talk about it. Here's Kevin Kramer, Senator. 342 00:18:07,160 --> 00:18:10,400 Speaker 1: What's the latest in terms of the negotiations with the shutdown? Well, 343 00:18:10,800 --> 00:18:12,960 Speaker 1: you know, I know Bo as Budge as everybody, and 344 00:18:13,040 --> 00:18:15,160 Speaker 1: that is that there's, in my view, a good team 345 00:18:15,280 --> 00:18:17,199 Speaker 1: in place. I think that the Conference Committee is made 346 00:18:17,280 --> 00:18:20,119 Speaker 1: up a very good reasonable people on all sides Senators 347 00:18:20,200 --> 00:18:23,960 Speaker 1: or House members, Republicans, Democrats. Uh. I believe that if 348 00:18:24,240 --> 00:18:26,680 Speaker 1: Nascy Pelosi and and and the President give them some 349 00:18:26,840 --> 00:18:29,159 Speaker 1: room to work, they'll come up with something that a 350 00:18:29,280 --> 00:18:32,560 Speaker 1: majority of their conferences and that their bodies can can 351 00:18:32,680 --> 00:18:35,840 Speaker 1: pass that I believe the President would sign. Um. You know, 352 00:18:36,400 --> 00:18:39,440 Speaker 1: we're at a point now where we celebrate small incremental 353 00:18:39,520 --> 00:18:41,520 Speaker 1: movement in the right direction, and I do sense a 354 00:18:41,640 --> 00:18:45,320 Speaker 1: thawing on everybody's part. Then for me, I think it's 355 00:18:45,520 --> 00:18:48,480 Speaker 1: very optimistic. The reality is we all pretty much want 356 00:18:48,520 --> 00:18:52,840 Speaker 1: the same thing, and well kind of we all want 357 00:18:52,880 --> 00:18:54,960 Speaker 1: we all have the same goal in like deny, and 358 00:18:55,640 --> 00:18:58,560 Speaker 1: whether we're talking about technology or people or you know, 359 00:18:59,040 --> 00:19:02,600 Speaker 1: more judges or detensive facilities or a barrier, I think 360 00:19:02,680 --> 00:19:04,560 Speaker 1: all of the above are necessary. I think that's what 361 00:19:04,680 --> 00:19:07,399 Speaker 1: the professionals are saying. So I think again, if we 362 00:19:07,480 --> 00:19:10,879 Speaker 1: give them the room to work, um, I think they 363 00:19:11,000 --> 00:19:13,120 Speaker 1: get something. Will agree. And I'm shocked by this because 364 00:19:13,119 --> 00:19:15,480 Speaker 1: it often seems like we're playing a political semantics game. 365 00:19:15,560 --> 00:19:21,280 Speaker 1: Wall barriers, steal slats, a smart fencing. What is it? Well, 366 00:19:22,200 --> 00:19:24,440 Speaker 1: it's one of those things. Yeah, and I agree you. 367 00:19:24,600 --> 00:19:26,159 Speaker 1: I think I feel like you do. We're playing a 368 00:19:26,200 --> 00:19:30,200 Speaker 1: political semantics s game. Unnecessary. We're not children, were adults, 369 00:19:30,480 --> 00:19:33,440 Speaker 1: and the people out there are growing impatient with this 370 00:19:33,640 --> 00:19:36,880 Speaker 1: political game. Um. Call whatever you want, but I think 371 00:19:37,480 --> 00:19:40,160 Speaker 1: leaning on the expertise of the people on the ground 372 00:19:40,240 --> 00:19:41,639 Speaker 1: is the way to go. I think the more we 373 00:19:41,800 --> 00:19:44,320 Speaker 1: lean on that and on on their evidence, the better 374 00:19:44,520 --> 00:19:46,680 Speaker 1: the outcome will be. And I think everybody will be 375 00:19:46,800 --> 00:19:48,720 Speaker 1: pleased with it. And tomorrow night, at the President delivering 376 00:19:48,800 --> 00:19:51,560 Speaker 1: a State of the Union address, he's going to likely 377 00:19:51,640 --> 00:19:53,639 Speaker 1: talk about this What do you think he needs? What 378 00:19:53,760 --> 00:19:55,760 Speaker 1: tone does he needs to strike tomorrow on this particular 379 00:19:55,960 --> 00:19:58,600 Speaker 1: So I think he needs to strike an aspiring tone. 380 00:19:58,880 --> 00:20:01,280 Speaker 1: I think it's serious. He needs to make the pitch 381 00:20:01,359 --> 00:20:03,600 Speaker 1: for why it's so serious, why it might even be 382 00:20:03,640 --> 00:20:06,760 Speaker 1: an emergency? Should that become the only, the only way 383 00:20:06,800 --> 00:20:08,720 Speaker 1: to get down what he wants to get done. I 384 00:20:08,840 --> 00:20:11,000 Speaker 1: expect him to make that pitch in both a scientific 385 00:20:11,040 --> 00:20:14,760 Speaker 1: but also hopefully an inspirational way. Uh, that's unifying, and 386 00:20:15,119 --> 00:20:17,359 Speaker 1: it's it's up to him. He's got this grand opportunity 387 00:20:17,680 --> 00:20:20,360 Speaker 1: to make the pitch directly to the American public, who 388 00:20:20,480 --> 00:20:22,600 Speaker 1: then can make the pitch directly to the people that 389 00:20:22,640 --> 00:20:25,720 Speaker 1: work for that. That's my interview as Senator Kevin Kramer, 390 00:20:25,760 --> 00:20:28,399 Speaker 1: a Republican from North Dakota, from earlier. You can check 391 00:20:28,440 --> 00:20:31,760 Speaker 1: out the full interview on Bloomberg TV as well as 392 00:20:31,800 --> 00:20:35,600 Speaker 1: on Apple iTunes now. After our show concludes, an Edgetim 393 00:20:35,600 --> 00:20:38,960 Speaker 1: Bloomberg News Congressional reporter alex Wayne Bloomberg News White House Editor, 394 00:20:39,720 --> 00:20:42,320 Speaker 1: what do you think tomorrow night we heard from from 395 00:20:42,359 --> 00:20:45,280 Speaker 1: the senator. Do you think that Democrats will applaud for 396 00:20:45,440 --> 00:20:48,520 Speaker 1: any portion anna of Tomorrow Night's state of the Union address. 397 00:20:49,000 --> 00:20:51,280 Speaker 1: It's not impossible that they would, and I certain there 398 00:20:51,560 --> 00:20:54,640 Speaker 1: certainly will be a need to show that Democrats aren't 399 00:20:54,640 --> 00:20:56,720 Speaker 1: the party of note just to be the party of note. 400 00:20:56,720 --> 00:21:00,760 Speaker 1: They've been very methodical about trying to present it an agenda, 401 00:21:00,840 --> 00:21:03,520 Speaker 1: try to present uh something, you know that they want 402 00:21:03,520 --> 00:21:06,480 Speaker 1: to accomplish things, not just say no to the Trump administration. 403 00:21:06,880 --> 00:21:09,119 Speaker 1: Something I'm not going to be looking forward to is 404 00:21:09,160 --> 00:21:12,639 Speaker 1: all of the commentary about Pelosi and Pence's facial expressions 405 00:21:12,640 --> 00:21:17,840 Speaker 1: because the political junkie and me is going to stay 406 00:21:17,880 --> 00:21:20,920 Speaker 1: publicly that tweets. Yes, I mean, it's part of the 407 00:21:21,080 --> 00:21:23,000 Speaker 1: it's like watching It's like they're like the ads of 408 00:21:23,040 --> 00:21:25,240 Speaker 1: the Super Bowl. I probably won't turn on Twitter tomorrow 409 00:21:26,040 --> 00:21:30,280 Speaker 1: speak for yourself, Wow, Alex plained. But will Democrats applad 410 00:21:30,320 --> 00:21:32,000 Speaker 1: for any portions? Yeah, They're going to applaud for the 411 00:21:32,440 --> 00:21:35,399 Speaker 1: Venezuela lines because I think if this it looks like 412 00:21:35,480 --> 00:21:39,280 Speaker 1: this administration may very well successfully push out a dictator 413 00:21:39,680 --> 00:21:43,119 Speaker 1: from Venezuela peacefully, which is a major feather and the 414 00:21:43,359 --> 00:21:47,240 Speaker 1: and Donald Trump's cap And just remember that Russia President 415 00:21:47,359 --> 00:21:51,560 Speaker 1: Vladimir Putin called Maduro the same day that the US 416 00:21:51,600 --> 00:21:54,359 Speaker 1: polled recognition. Can't make it up, folks. I'm Kevin Cereli 417 00:21:54,560 --> 00:21:57,119 Speaker 1: Panel stays coming up. Much more from Senator Cramer on 418 00:21:57,240 --> 00:22:00,359 Speaker 1: trade policy, we dive into the weeds of the trade wars. 419 00:22:00,400 --> 00:22:05,359 Speaker 1: You're listening to Bloomberg. You're listening to Sound On with 420 00:22:05,480 --> 00:22:08,720 Speaker 1: Kevin Sirelli. I'm Tom Keane Tomorrow morning at seven on 421 00:22:08,800 --> 00:22:12,080 Speaker 1: Bloomberg surveillance on the State of your Union, the state 422 00:22:12,160 --> 00:22:16,040 Speaker 1: of Washington, Richard hasas of the Council on Foreign Relations. 423 00:22:16,440 --> 00:22:24,879 Speaker 1: That's Bloomberg Surveillance Tomorrow morning at seven. I'm Bloomberg. This 424 00:22:25,480 --> 00:22:29,920 Speaker 1: is Sound On with KEVIN'SI Relate on Bloomberg one and 425 00:22:30,040 --> 00:22:32,680 Speaker 1: one oh five point seven m h D two Baltimore. 426 00:22:33,920 --> 00:22:37,119 Speaker 1: Back on Kevin Sillian, Bloomberg News Chief Washington Correspondent. You 427 00:22:37,200 --> 00:22:39,880 Speaker 1: can listen to all of our latest episodes now after 428 00:22:39,960 --> 00:22:43,399 Speaker 1: the show wraps on Apple iTunes. Just search for sound On. 429 00:22:43,640 --> 00:22:47,760 Speaker 1: Earlier in the show, we were, excuse me talking to 430 00:22:47,960 --> 00:22:51,320 Speaker 1: Senator Kevin Kramer, Republican from North Dakota, about the State 431 00:22:51,359 --> 00:22:53,720 Speaker 1: of the Union address. But let's not forget that there 432 00:22:54,119 --> 00:22:57,520 Speaker 1: are some other major policy developments happening. Take a listen 433 00:22:57,560 --> 00:22:59,800 Speaker 1: to the second half of my interview. Oh, you're gonna 434 00:22:59,840 --> 00:23:02,800 Speaker 1: talk about trade policy, something that's really important to your stay, 435 00:23:02,840 --> 00:23:05,320 Speaker 1: particularly U S m c A or NAFTA two point 436 00:23:05,359 --> 00:23:08,439 Speaker 1: Oh right, what what are you hearing about the timeline 437 00:23:08,520 --> 00:23:11,960 Speaker 1: for this actually getting ratified? Well, you know, I agree 438 00:23:12,000 --> 00:23:16,600 Speaker 1: with um, with the Chairman Grassley, sooner is better than later. Um. 439 00:23:16,920 --> 00:23:18,879 Speaker 1: I think we have to get everybody to look at 440 00:23:18,920 --> 00:23:22,120 Speaker 1: it in its totality, compare it not to what they wish, 441 00:23:22,240 --> 00:23:24,600 Speaker 1: but rather to what was. And I think in that 442 00:23:24,920 --> 00:23:27,680 Speaker 1: measuring you know, is that as a measuring state, you know, 443 00:23:27,760 --> 00:23:29,399 Speaker 1: there shouldn't be anybody there's vote for it. I know 444 00:23:29,480 --> 00:23:31,960 Speaker 1: that Democrats might want more things, but it is more 445 00:23:32,040 --> 00:23:34,920 Speaker 1: friendly the labor than NAFTA was. I think that for 446 00:23:35,160 --> 00:23:38,160 Speaker 1: Republicans that sure, they might want some differences in how 447 00:23:38,960 --> 00:23:43,080 Speaker 1: corporate Americans treated it, particularly in Canada, but on whole, Uh, 448 00:23:43,200 --> 00:23:45,200 Speaker 1: it's better than not having a deal, and it's better 449 00:23:45,240 --> 00:23:47,600 Speaker 1: than NAFTA. So I hope we can get to it 450 00:23:47,760 --> 00:23:50,840 Speaker 1: quickly and make a convincing argument that don't let perfect 451 00:23:50,880 --> 00:23:52,959 Speaker 1: be the enemy of good. Are you concerned at all 452 00:23:52,960 --> 00:23:54,560 Speaker 1: about the chances in the House that are given the 453 00:23:54,600 --> 00:23:57,040 Speaker 1: political dynamics of Democrats well, I'm always concerned about that, 454 00:23:57,080 --> 00:23:58,879 Speaker 1: but you know, it's it's time for the House to 455 00:23:58,960 --> 00:24:02,399 Speaker 1: get serious about God name rather than just investigating. And 456 00:24:02,560 --> 00:24:04,920 Speaker 1: I think that, you know, once we had passed this 457 00:24:05,280 --> 00:24:08,119 Speaker 1: h this night, if you will, I hope our speaker 458 00:24:08,200 --> 00:24:10,200 Speaker 1: becomes more of a leader and less of a sort 459 00:24:10,240 --> 00:24:14,080 Speaker 1: of a follower of a radical part of her conference. 460 00:24:14,200 --> 00:24:16,479 Speaker 1: Let me stick with trade because it's also a big 461 00:24:16,560 --> 00:24:18,440 Speaker 1: trade talks between the U. S And China. Again, you 462 00:24:18,480 --> 00:24:21,520 Speaker 1: have a big agricultural sector indoor state. What are you 463 00:24:21,640 --> 00:24:24,480 Speaker 1: hearing from your farmer constitutents in terms of the US 464 00:24:24,560 --> 00:24:26,720 Speaker 1: China trade talks? What do they ultimately want to share? Well, 465 00:24:27,080 --> 00:24:29,600 Speaker 1: they what they want really is what the President wants. 466 00:24:29,680 --> 00:24:31,920 Speaker 1: They certainly want to sell more products to China, but 467 00:24:31,960 --> 00:24:34,480 Speaker 1: they also don't want to have their technology, or their 468 00:24:34,960 --> 00:24:38,719 Speaker 1: biotech or anything stolen. They know that in the long run, um, 469 00:24:39,000 --> 00:24:41,480 Speaker 1: you know, selling some some beans in the short run, 470 00:24:41,680 --> 00:24:44,760 Speaker 1: while that's good for next year's bottom line, in the 471 00:24:44,880 --> 00:24:47,280 Speaker 1: long run, they could lose that market altogether. So they've 472 00:24:47,320 --> 00:24:49,840 Speaker 1: been with him on this largely a little bit of anxiety. 473 00:24:50,040 --> 00:24:52,639 Speaker 1: It's a new growing season. Certainly they're gonna be watching 474 00:24:52,720 --> 00:24:56,440 Speaker 1: closely in the next few weeks where things go encouraged 475 00:24:56,520 --> 00:25:00,639 Speaker 1: by again incremental movement in the right direction, they make 476 00:25:00,720 --> 00:25:03,200 Speaker 1: a planting decision, they'll they'll probably want to have a 477 00:25:03,240 --> 00:25:06,600 Speaker 1: little more certainty than that. That was Senator Kevin Kramer, 478 00:25:06,720 --> 00:25:10,840 Speaker 1: a Republican from North Dakota, and Edgerton, Bloomberg News Congressional 479 00:25:10,880 --> 00:25:13,800 Speaker 1: reporter and Alex Wayne Bloomberg News White House Editor with 480 00:25:14,000 --> 00:25:16,560 Speaker 1: me listening to that interview. You can check out the 481 00:25:16,600 --> 00:25:19,840 Speaker 1: full interview on Bloomberg Television as well as at Bloomberg 482 00:25:19,960 --> 00:25:24,359 Speaker 1: dot com. And you cover Congress and you and I 483 00:25:24,440 --> 00:25:26,439 Speaker 1: were talking about this and we just heard it from 484 00:25:26,480 --> 00:25:29,040 Speaker 1: the senator. Democrats in the House are going to have 485 00:25:29,119 --> 00:25:31,239 Speaker 1: a choice when it comes to dealing with NATHA two 486 00:25:31,320 --> 00:25:34,239 Speaker 1: point oh or U S M c A because they 487 00:25:34,320 --> 00:25:36,360 Speaker 1: say it's not progressive enough. They would like to see 488 00:25:36,400 --> 00:25:39,280 Speaker 1: more done on issues pertaining to the environment as well 489 00:25:39,359 --> 00:25:44,360 Speaker 1: as corporations, and people like Senator Kramer are saying, well, 490 00:25:44,720 --> 00:25:47,560 Speaker 1: you know, that's as good as it's going to get. Yeah. 491 00:25:47,600 --> 00:25:50,520 Speaker 1: I spoke with Mark Pocan, he's the chair of the 492 00:25:50,920 --> 00:25:54,560 Speaker 1: Progressive Caucus. He's a Democrat from Wisconsin, and he said 493 00:25:54,600 --> 00:25:56,520 Speaker 1: the one thing that he and his caucus are really 494 00:25:56,560 --> 00:26:01,960 Speaker 1: interested in our enforcement measures for labor, for environmental protections, 495 00:26:02,080 --> 00:26:05,160 Speaker 1: to make sure that even though the regulations might be good, 496 00:26:05,320 --> 00:26:08,399 Speaker 1: that there's an actual concrete way to enforce them. So 497 00:26:08,560 --> 00:26:10,000 Speaker 1: look for that to kind of be the hang up 498 00:26:10,040 --> 00:26:13,400 Speaker 1: for Democrats. Nancy Pelosi had also mentioned that as well 499 00:26:13,520 --> 00:26:15,119 Speaker 1: earlier in the year. But see, this is what's so 500 00:26:15,200 --> 00:26:19,520 Speaker 1: fascinating about this particular issue is because President Trump remained 501 00:26:19,560 --> 00:26:22,639 Speaker 1: the Republican Party on the issue of trade policy in 502 00:26:22,880 --> 00:26:26,240 Speaker 1: terms of really taking a wrecking ball, a political wrecking 503 00:26:26,359 --> 00:26:29,879 Speaker 1: ball through the US Chamber of Commerce coalition and the 504 00:26:29,920 --> 00:26:34,639 Speaker 1: business community and really tapped into working class voters in 505 00:26:34,760 --> 00:26:38,000 Speaker 1: states like Wisconsin, where Chairman Pecan is from, in states 506 00:26:38,080 --> 00:26:41,320 Speaker 1: like the western portion of Pennsylvania outside of Pittsburgh and 507 00:26:41,440 --> 00:26:46,840 Speaker 1: West Virginia, Ohio, of course, and really was able to 508 00:26:46,920 --> 00:26:50,879 Speaker 1: win about seventy thousand votes away from Hillary Clinton, who yes, 509 00:26:51,000 --> 00:26:53,919 Speaker 1: won the popular vote, but there was key seventy thousand 510 00:26:54,000 --> 00:26:56,840 Speaker 1: folks who voted for the Obama administration and then switched 511 00:26:57,160 --> 00:27:00,240 Speaker 1: to President Trump. It was really because of issue US 512 00:27:00,320 --> 00:27:03,840 Speaker 1: like trade, and so it's a tough situation for Democrats 513 00:27:03,920 --> 00:27:06,720 Speaker 1: to be in. And healthcare Alex is uh, you know, 514 00:27:07,080 --> 00:27:09,760 Speaker 1: maybe you disagree, but maybe a few other things maybe no, 515 00:27:09,960 --> 00:27:12,320 Speaker 1: but but but but trade and NAFTA. I mean, in 516 00:27:12,359 --> 00:27:18,080 Speaker 1: the Democratic primary, Senator Sanders totally ran against the Clinton 517 00:27:18,200 --> 00:27:20,760 Speaker 1: machine on the issue of NAFTA. So I mean for 518 00:27:20,920 --> 00:27:24,600 Speaker 1: Democrats this is this is tough because Republicans will say, well, 519 00:27:24,800 --> 00:27:28,280 Speaker 1: you you wanted, you voted to stay with NAFTA. So 520 00:27:28,320 --> 00:27:30,960 Speaker 1: they're gonna have to really be careful on this. Now, 521 00:27:31,040 --> 00:27:33,560 Speaker 1: Alexi disagreed. I mean, you know, I'm not an expert 522 00:27:33,600 --> 00:27:35,880 Speaker 1: on the U. S m c A as we are 523 00:27:36,119 --> 00:27:39,000 Speaker 1: asked to call it, but it's such a marginal rewrite 524 00:27:39,000 --> 00:27:41,840 Speaker 1: of NAFTA my understanding, it's like it's sort of like, 525 00:27:42,000 --> 00:27:44,040 Speaker 1: you know, I guess Democrats could fight over it, but 526 00:27:44,600 --> 00:27:47,239 Speaker 1: with with so many other things going on, and I mean, 527 00:27:47,359 --> 00:27:49,320 Speaker 1: the president could just threaten to drop out a NAFTA 528 00:27:49,320 --> 00:27:51,200 Speaker 1: altogether if they won't pass it. I don't know. I 529 00:27:51,200 --> 00:27:53,480 Speaker 1: think they might. They might be inclined to just get 530 00:27:53,520 --> 00:27:55,760 Speaker 1: it done. I've heard Democrats say that as well, that 531 00:27:55,880 --> 00:27:59,280 Speaker 1: it's such a it shouldn't even be called NAFTA two 532 00:27:59,320 --> 00:28:02,119 Speaker 1: point oh, it's like NAFTA like one point to maybe 533 00:28:02,680 --> 00:28:05,960 Speaker 1: and and the threat to pull out of NAPA is 534 00:28:06,119 --> 00:28:08,199 Speaker 1: a real concern, or would be if it were an 535 00:28:08,200 --> 00:28:10,800 Speaker 1: actual just to paint job on napt to just approve 536 00:28:10,880 --> 00:28:13,960 Speaker 1: it and be done with it. But okay, respectfully though, 537 00:28:14,200 --> 00:28:17,480 Speaker 1: I mean this, you know that if if this really 538 00:28:17,600 --> 00:28:21,119 Speaker 1: does number one go back to to what what they 539 00:28:21,200 --> 00:28:22,760 Speaker 1: have to go back to, like decades ago, to the 540 00:28:22,800 --> 00:28:25,280 Speaker 1: framework between US and Mexico and the US and Canada. 541 00:28:25,280 --> 00:28:28,040 Speaker 1: I mean, it would just be totally back. We're go 542 00:28:28,080 --> 00:28:29,520 Speaker 1: ahead and you want to jump in here. Well, what 543 00:28:29,600 --> 00:28:31,800 Speaker 1: I'm kind of looking to see is how Nancy Pelosia 544 00:28:31,840 --> 00:28:34,280 Speaker 1: is speaking of the House, uses this in the broader 545 00:28:34,400 --> 00:28:37,600 Speaker 1: network of what other negotiations are going are taking place 546 00:28:37,640 --> 00:28:39,920 Speaker 1: at the time. So Pelosi is a master at using 547 00:28:40,000 --> 00:28:43,120 Speaker 1: trade deals to try to gain leverage on other issues. 548 00:28:43,480 --> 00:28:46,200 Speaker 1: If this is something that Trump administration really wants approved, 549 00:28:46,440 --> 00:28:48,800 Speaker 1: maybe she would leverage that for something else, not necessarily 550 00:28:48,800 --> 00:28:52,000 Speaker 1: about border security. Hopefully we'll be past that in the 551 00:28:52,240 --> 00:28:54,880 Speaker 1: coming week, but but there will be a lot of 552 00:28:54,960 --> 00:28:58,560 Speaker 1: negotiations between Democrats and the Trump administration, and this is 553 00:28:58,640 --> 00:29:00,959 Speaker 1: one more issue that she can kind of hold out 554 00:29:01,040 --> 00:29:02,360 Speaker 1: there and try to use this LFE. But if you're 555 00:29:02,360 --> 00:29:04,880 Speaker 1: in the business community, and you're and you're pricing this 556 00:29:05,040 --> 00:29:08,480 Speaker 1: in the long term. And when I interviewed Senator share Brown, 557 00:29:08,800 --> 00:29:12,840 Speaker 1: a likely presidential candidate Democrat from Ohio, progressive sort of 558 00:29:12,880 --> 00:29:15,720 Speaker 1: in the same lane as Warren and Sanders, and he 559 00:29:15,840 --> 00:29:18,880 Speaker 1: called U. S. M C a quote unquote populism light. 560 00:29:19,800 --> 00:29:21,920 Speaker 1: I mean, if you're trying to price this and and 561 00:29:22,040 --> 00:29:24,880 Speaker 1: you're on the cusp of a Democratic primary, let's say, 562 00:29:24,960 --> 00:29:27,920 Speaker 1: and and another universe, a Democrat gets the White House 563 00:29:27,960 --> 00:29:30,320 Speaker 1: in the populous lane, that we're just going to have 564 00:29:30,440 --> 00:29:34,320 Speaker 1: these same negotiations all over again. Because I do think 565 00:29:34,360 --> 00:29:38,240 Speaker 1: in the Democratic primary, this issue of of trade policy 566 00:29:38,600 --> 00:29:41,640 Speaker 1: is is really going to be front and center. It'll 567 00:29:41,680 --> 00:29:44,880 Speaker 1: be really interesting to see how candidates handle this, how 568 00:29:45,240 --> 00:29:48,160 Speaker 1: Trump himself handles it in his re election campaign, and 569 00:29:48,240 --> 00:29:51,960 Speaker 1: how different candidates on the Democratic spectrum try to positions themselves. 570 00:29:52,160 --> 00:29:54,440 Speaker 1: Because as you were, kind of alluding to trade as 571 00:29:54,520 --> 00:30:00,120 Speaker 1: really the issue that really scrambles ideological alliances. So it's 572 00:30:00,120 --> 00:30:03,320 Speaker 1: one of those issues where you could see Paul Ryan practically, 573 00:30:03,520 --> 00:30:05,960 Speaker 1: you know, like squirming around in his own skin trying 574 00:30:06,000 --> 00:30:07,960 Speaker 1: to say that he does agree with the President, when 575 00:30:08,000 --> 00:30:10,560 Speaker 1: in fact that they could not be farther apart because 576 00:30:10,680 --> 00:30:13,880 Speaker 1: because we always say politics is local, globalization is local. 577 00:30:14,080 --> 00:30:17,160 Speaker 1: If you grew up in a town where not to 578 00:30:17,240 --> 00:30:20,960 Speaker 1: mean something to you, or and and jobs going elsewhere 579 00:30:21,040 --> 00:30:23,280 Speaker 1: means something to you, I mean, it's it's really not 580 00:30:23,400 --> 00:30:25,480 Speaker 1: a left or right thing. It's it's a really personal thing. 581 00:30:25,600 --> 00:30:27,320 Speaker 1: All right, Coming up panel stage, we're gonna get to 582 00:30:27,360 --> 00:30:30,800 Speaker 1: the water cooler topics of the day. Roger Stone, Yes, 583 00:30:30,880 --> 00:30:32,800 Speaker 1: he's still going through all of the back and forth 584 00:30:32,880 --> 00:30:38,720 Speaker 1: with courts and my, oh my, the situation in Virginia. Wow, 585 00:30:39,080 --> 00:30:42,239 Speaker 1: I've even following this. It's like a train wreck. We're 586 00:30:42,280 --> 00:30:43,960 Speaker 1: gonna get our all star panels to break that down 587 00:30:44,000 --> 00:30:48,440 Speaker 1: as well. I'm Kevin's Really. You're listening to Bloomberg. You're 588 00:30:48,480 --> 00:30:51,080 Speaker 1: listening to Sound On with Kevin's Really. I'm Amy Morris. 589 00:30:51,320 --> 00:30:54,400 Speaker 1: Tomorrow morning at five on Bloomberg Daybreak, the President threatens 590 00:30:54,480 --> 00:30:57,000 Speaker 1: to bust a border deal as we get closer to 591 00:30:57,080 --> 00:31:00,440 Speaker 1: another shut down deadline. That's Bloomberg Daybreak to Rrow Morning, 592 00:31:00,520 --> 00:31:07,240 Speaker 1: starting at five on Bloomberg. You're listening to Sound On 593 00:31:07,600 --> 00:31:12,080 Speaker 1: with Kevin Surreally on Bloomberge and one oh five point 594 00:31:12,120 --> 00:31:16,040 Speaker 1: seven f m h D two Baltimore would your partner 595 00:31:16,680 --> 00:31:19,520 Speaker 1: have not thought about it. Uh, it looks like he's 596 00:31:19,560 --> 00:31:24,080 Speaker 1: defending himself very well. Now. Was President Trump talking over 597 00:31:24,160 --> 00:31:27,960 Speaker 1: the weekend to CBS news is Margaret Brennan about the 598 00:31:28,040 --> 00:31:32,040 Speaker 1: issue of whether or not he would pardon Roger Snone, who, 599 00:31:32,120 --> 00:31:36,200 Speaker 1: of course, was indicted on several charges, including lying to 600 00:31:36,400 --> 00:31:40,200 Speaker 1: federal prosecutors and lying under oath and in Congress about 601 00:31:40,280 --> 00:31:44,880 Speaker 1: his relationship with Wicky Leaks and edgertand Bloomberg News congressional 602 00:31:44,920 --> 00:31:48,600 Speaker 1: reporter and alex Wayne Bloomberg News White House editor. Alex 603 00:31:49,280 --> 00:31:52,600 Speaker 1: I mean, he's really not saying whether or not he's 604 00:31:52,600 --> 00:31:55,520 Speaker 1: going to part in any of these folks. I think Uh. 605 00:31:55,880 --> 00:31:59,040 Speaker 1: Rudy Giuliani has said that Trump won't consider any pardons 606 00:31:59,120 --> 00:32:02,120 Speaker 1: until this whole thing is done, until Mola wraps up, right, 607 00:32:03,320 --> 00:32:07,360 Speaker 1: But Roger Stone, Um, he sure seems to be fishing 608 00:32:07,400 --> 00:32:10,720 Speaker 1: for one. He keeps, you know, he keeps publicly professing 609 00:32:10,800 --> 00:32:12,600 Speaker 1: his allegiance to the President. He's not going to turn 610 00:32:12,680 --> 00:32:15,880 Speaker 1: on him. Uh. And he's and he's a rock star 611 00:32:16,080 --> 00:32:18,640 Speaker 1: in Republican circles. I saw this video on Twitter from 612 00:32:18,680 --> 00:32:20,880 Speaker 1: this weekend when he went to a Republican women's meeting 613 00:32:21,080 --> 00:32:22,920 Speaker 1: I think here in Washington and just got like a 614 00:32:23,440 --> 00:32:26,000 Speaker 1: standing ovation and so I thought it was interesting, just 615 00:32:26,160 --> 00:32:28,960 Speaker 1: when the judge said, you better be careful because I'm 616 00:32:28,960 --> 00:32:30,840 Speaker 1: gonna issue a gag warder on you if you if 617 00:32:30,880 --> 00:32:33,680 Speaker 1: you keep doing this. But like, if you're Roger Stone, 618 00:32:33,800 --> 00:32:36,240 Speaker 1: part of being Roger Stone is being Roger Stone. Yeah, 619 00:32:36,400 --> 00:32:38,520 Speaker 1: you know, and I don't know. It's um. I mean, 620 00:32:38,640 --> 00:32:40,640 Speaker 1: the guy's got first ament rights, you know. If he 621 00:32:40,720 --> 00:32:43,840 Speaker 1: wants to walk around talking about his case publicly, I 622 00:32:43,920 --> 00:32:47,000 Speaker 1: guess he ought to be allowed to. Did you see 623 00:32:47,000 --> 00:32:49,360 Speaker 1: the Netflix thing Get Me to Roger Stone? Did you 624 00:32:49,400 --> 00:32:54,360 Speaker 1: watch that? He did this documentary during the Republican Convention, Uh, 625 00:32:54,600 --> 00:32:57,000 Speaker 1: and really all throughout it. And it's on Netflix. It's 626 00:32:57,000 --> 00:32:59,120 Speaker 1: called Get Me roger Stone. And if you if you 627 00:32:59,280 --> 00:33:02,280 Speaker 1: want to know anything about Roger Stone, go on Netflix 628 00:33:02,640 --> 00:33:05,840 Speaker 1: watch Get Me roger Stone. It's uh, it's interesting. But 629 00:33:05,920 --> 00:33:09,120 Speaker 1: the issue of pardoning, I think, and what what President 630 00:33:09,160 --> 00:33:11,480 Speaker 1: Trump will actually you know, I think Roger Stone would 631 00:33:11,480 --> 00:33:13,960 Speaker 1: probably be at the top of the list, right behind 632 00:33:14,120 --> 00:33:17,160 Speaker 1: Trump Stone family should any of them get swept up. 633 00:33:18,760 --> 00:33:21,920 Speaker 1: I don't know about Manafort. Yeah, Manafort kind of seems 634 00:33:22,120 --> 00:33:25,320 Speaker 1: President Trump's previous campaign co chairman. I mean, now he's 635 00:33:25,680 --> 00:33:29,360 Speaker 1: literally behind bars. The distinction between what Manafort was was 636 00:33:29,440 --> 00:33:32,040 Speaker 1: indicted for and what Stone was indicted for. Manafort was 637 00:33:32,080 --> 00:33:37,320 Speaker 1: indicted for like financial crimes, actually committing serious felonies, not 638 00:33:37,440 --> 00:33:39,840 Speaker 1: that what roger Stone did isn't a serious felony, allied 639 00:33:39,840 --> 00:33:42,360 Speaker 1: to Congress. But Rogerstone was indicted for the cover up 640 00:33:42,520 --> 00:33:45,960 Speaker 1: versus the the actual, you know, some sort of a 641 00:33:46,080 --> 00:33:47,640 Speaker 1: crime that he then tried to cover up. And like 642 00:33:47,720 --> 00:33:50,560 Speaker 1: if you look at the timeline, and we had Landy Davison, 643 00:33:50,640 --> 00:33:53,520 Speaker 1: and it was interesting, of course, given Landy's ties to 644 00:33:53,560 --> 00:33:56,080 Speaker 1: the Clinton world. Now he's working, of course with Michael Cohen, 645 00:33:56,120 --> 00:33:59,880 Speaker 1: the president's previous personal fixer and personal attorney. But like 646 00:34:00,200 --> 00:34:05,240 Speaker 1: right after Roger Stone's legal indictments come down like a 647 00:34:05,320 --> 00:34:07,920 Speaker 1: ton of bricks, it was like actually was right before, 648 00:34:08,200 --> 00:34:11,800 Speaker 1: which leads me to wonder, Uh, Michael Cohen was like, 649 00:34:11,840 --> 00:34:15,320 Speaker 1: I'm not testifying before Congress because now these congressional shows 650 00:34:15,920 --> 00:34:18,239 Speaker 1: and the political circus, for lack of a better term, 651 00:34:18,320 --> 00:34:21,360 Speaker 1: up on Capitol Hill, you can get yourself in serious 652 00:34:21,480 --> 00:34:26,040 Speaker 1: legal trouble when you're yeah, I mean, I think of 653 00:34:26,120 --> 00:34:28,200 Speaker 1: it this way. Hillary Clinton was up there on Benghazi 654 00:34:28,280 --> 00:34:30,680 Speaker 1: for like what like thirteen hours or something, and like, 655 00:34:31,640 --> 00:34:34,080 Speaker 1: you know, I mean, it's it's remarkable appear to have 656 00:34:34,160 --> 00:34:36,960 Speaker 1: managed to be up there for thirteen hours not lying. Yeah, 657 00:34:37,160 --> 00:34:39,279 Speaker 1: didn't you read somewhere that she was doing like deep 658 00:34:39,360 --> 00:34:42,960 Speaker 1: breathing exercises in between the breaks. I don't know that 659 00:34:43,080 --> 00:34:46,959 Speaker 1: was back when. Wow, another another era switching gears talking 660 00:34:47,040 --> 00:34:51,680 Speaker 1: about other stories that are just you can't really look 661 00:34:51,719 --> 00:34:57,439 Speaker 1: away from New Jersey Governor Ralph Ver Sorry, New Jersey. Wow, 662 00:34:57,560 --> 00:35:00,080 Speaker 1: Chris Christie, he was on Bloomberg today and that's the 663 00:35:00,160 --> 00:35:05,240 Speaker 1: bridge Gate guys bringing it back. Local Virginia Governor Ralph Northum, 664 00:35:05,640 --> 00:35:10,600 Speaker 1: I mean this yearbook saga he on Friday and Saturday. 665 00:35:11,000 --> 00:35:15,200 Speaker 1: On Friday evening said that this racist picture that appeared 666 00:35:15,239 --> 00:35:19,440 Speaker 1: on his medical school yearbook, he apologized for it. He 667 00:35:19,520 --> 00:35:24,920 Speaker 1: released a statement ah and said quote, I am deeply 668 00:35:25,120 --> 00:35:28,640 Speaker 1: sorry for the decision I made to appear as I 669 00:35:28,880 --> 00:35:33,360 Speaker 1: did in this photo and for the hurt that decision caused. 670 00:35:33,480 --> 00:35:36,640 Speaker 1: Then and now this behavior is not in keeping with 671 00:35:36,800 --> 00:35:41,600 Speaker 1: who I am today. That was six fifteen pm on Friday, 672 00:35:42,160 --> 00:35:48,319 Speaker 1: and then what he puts out a press conference come 673 00:35:48,400 --> 00:35:52,360 Speaker 1: Saturday and says that it's not him. I mean, Anna, 674 00:35:52,680 --> 00:35:56,240 Speaker 1: everyone in Congress was saying calling on him to resign, 675 00:35:56,360 --> 00:36:01,279 Speaker 1: but he seemingly is suggesting he's gonna right through this. Yeah, 676 00:36:01,320 --> 00:36:03,279 Speaker 1: I don't see how he really holds on. I know 677 00:36:03,400 --> 00:36:05,160 Speaker 1: he hasn't said that he's going to resign yet, but 678 00:36:05,719 --> 00:36:09,000 Speaker 1: the photo itself was really bad. And then, like you mentioned, 679 00:36:09,280 --> 00:36:11,600 Speaker 1: just kind of the back and forth, and it's just 680 00:36:11,760 --> 00:36:13,719 Speaker 1: it's a hard thing to have out there, especially at 681 00:36:13,719 --> 00:36:16,719 Speaker 1: this moment when race is a big conversation that we're 682 00:36:16,719 --> 00:36:20,080 Speaker 1: having in this country, and Democrats are trying to position 683 00:36:20,160 --> 00:36:23,960 Speaker 1: themselves as an inclusive party, as a party that doesn't 684 00:36:24,040 --> 00:36:28,480 Speaker 1: tolerate any racism, doesn't tolerate any discrimination. And so you've 685 00:36:28,520 --> 00:36:30,759 Speaker 1: seen a lot of prominent Democrats coming out and saying 686 00:36:31,000 --> 00:36:33,279 Speaker 1: it's time for the governor to step aside. Not that 687 00:36:33,400 --> 00:36:37,120 Speaker 1: he isn't a good person now, but that you can't 688 00:36:37,239 --> 00:36:40,040 Speaker 1: he he has lost his ability to govern responsible. I 689 00:36:40,080 --> 00:36:42,960 Speaker 1: mean the press conference in and of itself, I mean, 690 00:36:43,080 --> 00:36:47,879 Speaker 1: he when he started talking about Michael Jackson, and he said, 691 00:36:47,920 --> 00:36:50,640 Speaker 1: I mean, his his defense and and look, I'm a reporter, 692 00:36:50,760 --> 00:36:53,680 Speaker 1: I'm not a pundit. So he said during this press 693 00:36:53,719 --> 00:36:57,560 Speaker 1: conference that he would have remembered if he had done 694 00:36:57,640 --> 00:37:03,080 Speaker 1: the photo, because he remembered darkening his face when he 695 00:37:03,200 --> 00:37:08,239 Speaker 1: dressed up like Michael Jackson. That was what he said. Meanwhile, 696 00:37:08,800 --> 00:37:12,880 Speaker 1: the sub the sub story here is that the Virginia 697 00:37:12,920 --> 00:37:16,040 Speaker 1: Lieutenant Governor Justin Fairfax, who of course would be next 698 00:37:16,080 --> 00:37:21,480 Speaker 1: in line earlier today, is denying a sexual assault allegation 699 00:37:22,200 --> 00:37:25,440 Speaker 1: that appeared on the same conservative website that posted the 700 00:37:25,520 --> 00:37:29,160 Speaker 1: racist photograph from Governor Northam. This according to reporting from 701 00:37:29,200 --> 00:37:33,240 Speaker 1: the Washington Post. And you mentioned the list of prominent 702 00:37:33,280 --> 00:37:37,400 Speaker 1: Democrats who have come out against Governor Northam's a lot 703 00:37:37,440 --> 00:37:44,680 Speaker 1: of um. Senator Kamala Harris, Speaker Nancy Pelosi. But I've 704 00:37:44,800 --> 00:37:49,040 Speaker 1: struck because you haven't heard that from Senator Mark Warner 705 00:37:49,760 --> 00:37:52,040 Speaker 1: or Senator Tim Kane. They're denouncing this, but they have 706 00:37:52,160 --> 00:37:55,359 Speaker 1: not called for him to resign. It kind of reminds me, Well, 707 00:37:55,640 --> 00:37:58,320 Speaker 1: I don't want to compare scandals, but I mean, it's 708 00:37:58,400 --> 00:38:01,680 Speaker 1: quite interesting just to see how much political pressure there 709 00:38:01,800 --> 00:38:03,239 Speaker 1: is on this. That they did ask him, they did, 710 00:38:03,320 --> 00:38:05,520 Speaker 1: they did ask him after the news conference. After the 711 00:38:05,600 --> 00:38:08,520 Speaker 1: news conference, well even yeah, so now you're in a 712 00:38:08,600 --> 00:38:11,960 Speaker 1: situation where who's left, Alex. I mean, well, one way 713 00:38:12,080 --> 00:38:17,080 Speaker 1: Northam perhaps clings to power is if his his successor 714 00:38:17,600 --> 00:38:19,880 Speaker 1: is shown not to be viable for the office, and 715 00:38:20,960 --> 00:38:24,040 Speaker 1: that could be what this sexual assault allegation is about 716 00:38:24,480 --> 00:38:26,799 Speaker 1: that he's denied. In fact, I don't I has tate 717 00:38:26,840 --> 00:38:28,719 Speaker 1: to even say there's an allegation because I'm not I'm 718 00:38:28,719 --> 00:38:31,440 Speaker 1: not sure legally there is one. It's sort of like 719 00:38:31,560 --> 00:38:34,719 Speaker 1: a it's sort of like the Washington Post apparently investigated 720 00:38:34,760 --> 00:38:38,080 Speaker 1: a claim by a woman who we don't know and 721 00:38:38,520 --> 00:38:40,840 Speaker 1: uh and didn't publish a story on it. Um And 722 00:38:40,920 --> 00:38:44,319 Speaker 1: now that the Lieutenant governor denies that there was any 723 00:38:44,560 --> 00:38:48,280 Speaker 1: sexual assault uh and says it was a consensual encounter. 724 00:38:48,640 --> 00:38:51,480 Speaker 1: So that's what's happening in Virginia politics. Tomorrow the State 725 00:38:51,520 --> 00:38:53,480 Speaker 1: of the Union Address. My thanks to Anna Edgreard Tan 726 00:38:53,520 --> 00:38:56,439 Speaker 1: Bloomberg News Congressional reporter and Alex Blain, Bloomberg News White 727 00:38:56,480 --> 00:38:59,200 Speaker 1: House Editor. Tomorrow special coverage of the State of the Union. 728 00:38:59,239 --> 00:39:01,680 Speaker 1: I'm Kevin Surreally. Check us out on iTunes. You're listening 729 00:39:01,800 --> 00:39:10,120 Speaker 1: to Bloomberg One. You're listening to Sound On with Kevin Cirelli. 730 00:39:10,280 --> 00:39:12,680 Speaker 1: I'm Doug Chrisner. Coming up next hour on Bloomberg Day 731 00:39:12,680 --> 00:39:14,920 Speaker 1: Break Asia. We'll look at the latest earnings from the 732 00:39:15,000 --> 00:39:18,320 Speaker 1: parent of Google and talk about how the Australian banking 733 00:39:18,400 --> 00:39:21,719 Speaker 1: industry dodged a bullet Daybreak Asia at the top of 734 00:39:21,800 --> 00:39:22,880 Speaker 1: the hour here on Bloomberg