1 00:00:00,880 --> 00:00:04,360 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us 2 00:00:04,400 --> 00:00:07,560 Speaker 1: live weekdays at one Eastern on Bloomberg dot com, the 3 00:00:07,640 --> 00:00:10,719 Speaker 1: iHeartRadio app and the Bloomberg Business app, or listening on 4 00:00:10,800 --> 00:00:12,760 Speaker 1: demand wherever you get your podcast. 5 00:00:13,880 --> 00:00:18,400 Speaker 2: Join Now by Kayley Lines. Sean Fain didn't wait announced 6 00:00:18,400 --> 00:00:22,040 Speaker 2: it shortly after ten that they're expanding strikes against GM 7 00:00:22,079 --> 00:00:25,079 Speaker 2: and Stalantis. Ford must be feeling sort of proud today 8 00:00:25,120 --> 00:00:28,400 Speaker 2: although they're still striking Ford, just not expanding the strike 9 00:00:28,760 --> 00:00:29,640 Speaker 2: raist for just. 10 00:00:29,600 --> 00:00:32,159 Speaker 3: Status quo for Ford because some progress and talks has 11 00:00:32,240 --> 00:00:34,760 Speaker 3: been made there where it hasn't been made in GM 12 00:00:34,800 --> 00:00:37,520 Speaker 3: and Stalantis's case, which is why you're seeing this expansion. 13 00:00:37,640 --> 00:00:40,320 Speaker 3: And we're starting to get some headlines from the automakers themselves. 14 00:00:40,360 --> 00:00:43,040 Speaker 3: In response to this show. The GM just put out 15 00:00:43,080 --> 00:00:46,960 Speaker 3: a statement, it seems, saying UAW leadership is manipulating the 16 00:00:47,000 --> 00:00:51,519 Speaker 3: bargaining process, that the strike escalation by leadership is unnecessary, 17 00:00:51,560 --> 00:00:53,519 Speaker 3: though GM says they will continue to bargain with the 18 00:00:53,640 --> 00:00:56,760 Speaker 3: union to reach a pack. Then Stalantis sends in an 19 00:00:56,800 --> 00:01:00,560 Speaker 3: emailed statement they still not have received a response to 20 00:01:00,720 --> 00:01:02,400 Speaker 3: yesterday's office today. 21 00:01:02,080 --> 00:01:04,679 Speaker 2: Say right, that was the one that they said was 22 00:01:05,480 --> 00:01:06,959 Speaker 2: no go or not good enough for something. But we 23 00:01:06,959 --> 00:01:08,880 Speaker 2: don't know what was in the offer, correct, We. 24 00:01:08,800 --> 00:01:11,160 Speaker 3: Know that wasn't. What wasn't in the offer was the 25 00:01:11,280 --> 00:01:14,840 Speaker 3: job security components that the union was looking for, evidently 26 00:01:14,840 --> 00:01:17,200 Speaker 3: because with Stalantis's case, there's risks that a number of 27 00:01:17,240 --> 00:01:20,440 Speaker 3: facilities are going to shut down and that security for 28 00:01:20,480 --> 00:01:23,120 Speaker 3: those workers that could be affected as something that they're 29 00:01:23,160 --> 00:01:25,320 Speaker 3: looking for. In the meantime, though, Joe, we got another 30 00:01:25,360 --> 00:01:28,040 Speaker 3: what fifty six hundred workers on strike in the addition, 31 00:01:28,600 --> 00:01:30,520 Speaker 3: in addition to the thirteen thousand. 32 00:01:30,240 --> 00:01:32,640 Speaker 2: That already wre Sean Fain talked about it, the director 33 00:01:32,680 --> 00:01:36,119 Speaker 2: of course of the UAW in a Facebook live here's 34 00:01:36,160 --> 00:01:36,600 Speaker 2: a taste. 35 00:01:36,640 --> 00:01:39,880 Speaker 4: We're expecting to stand up strike in response to the 36 00:01:39,959 --> 00:01:43,000 Speaker 4: lack of progress in bargaining with General Motors and Stalanis. 37 00:01:44,200 --> 00:01:47,920 Speaker 4: We will shut down parts distribution until those two companies 38 00:01:47,960 --> 00:01:50,840 Speaker 4: come to their senses and come to the table with 39 00:01:50,960 --> 00:01:54,360 Speaker 4: a serious offer. The members who will join the stand 40 00:01:54,400 --> 00:01:58,360 Speaker 4: up strike today are living testament to one of the 41 00:01:58,400 --> 00:02:02,560 Speaker 4: injusticees we are fighting again stood to big three tiers. 42 00:02:03,600 --> 00:02:06,040 Speaker 2: Not getting easier here as we go, and based on 43 00:02:06,080 --> 00:02:08,239 Speaker 2: what you just said from GM, this could actually get 44 00:02:08,240 --> 00:02:11,320 Speaker 2: a lot more dicey over the weekend if they're going 45 00:02:11,360 --> 00:02:14,200 Speaker 2: to start with this tit for tat here. Keith Naughton's 46 00:02:14,240 --> 00:02:17,800 Speaker 2: been all over this. Bloomberg Auto reporter joins us now 47 00:02:17,800 --> 00:02:21,920 Speaker 2: with the latest from Detroit. Keith, I don't know if 48 00:02:22,040 --> 00:02:25,600 Speaker 2: you saw this coming here, that GM and Stilantis would 49 00:02:25,600 --> 00:02:28,360 Speaker 2: be the ones to take the brunt of the expanded strikes. 50 00:02:28,360 --> 00:02:31,280 Speaker 2: I know Bloomberg was reporting earlier this morning that Ford 51 00:02:31,400 --> 00:02:33,200 Speaker 2: might be onto something. Could we be in a world 52 00:02:33,240 --> 00:02:37,600 Speaker 2: where they actually strike a contract deal, a tentative deal 53 00:02:37,600 --> 00:02:39,799 Speaker 2: with Ford while they continue striking the other two? 54 00:02:41,160 --> 00:02:44,960 Speaker 5: Yeah, I mean it looks like Ford is making, as 55 00:02:45,000 --> 00:02:49,679 Speaker 5: the union said, real progress here. One analyst is predicting 56 00:02:49,720 --> 00:02:51,840 Speaker 5: there could be a settlement at Ford as early as 57 00:02:52,240 --> 00:02:56,239 Speaker 5: next week. The question is will the Ford deal set 58 00:02:56,280 --> 00:03:00,600 Speaker 5: the pattern for the other two or will GM Atlantis 59 00:03:00,720 --> 00:03:03,960 Speaker 5: kind of dig in their heels. Ford has given significant 60 00:03:03,960 --> 00:03:08,080 Speaker 5: concessions that Wall Street seems to be in favor of 61 00:03:08,160 --> 00:03:11,320 Speaker 5: the stock sword today, while GM and Stalantis did not. 62 00:03:12,600 --> 00:03:17,160 Speaker 5: It includes giving back cost of living adjustments that were 63 00:03:17,200 --> 00:03:21,240 Speaker 5: taken away in two thousand and nine, making temporary workers 64 00:03:21,280 --> 00:03:25,520 Speaker 5: immediately full time. There are a number of sort of 65 00:03:26,160 --> 00:03:30,639 Speaker 5: good gets for the union in the Ford negotiations that 66 00:03:30,680 --> 00:03:33,480 Speaker 5: they would like to see come from GM and Stalantis 67 00:03:33,520 --> 00:03:35,440 Speaker 5: as well. 68 00:03:35,560 --> 00:03:38,400 Speaker 3: A new headline just out from Stalantis said they offered 69 00:03:38,440 --> 00:03:41,920 Speaker 3: all full time hourly staff eighty thousand to ninety six 70 00:03:42,000 --> 00:03:45,160 Speaker 3: thousand dollars by contracts, and I guess Joe that that 71 00:03:45,240 --> 00:03:47,440 Speaker 3: is referring to the offer they made yesterday that was 72 00:03:47,480 --> 00:03:51,040 Speaker 3: not responded to. In the case of both Stalantis and GM, 73 00:03:51,080 --> 00:03:55,160 Speaker 3: though Keith It's parts distributors that this strike is now 74 00:03:55,240 --> 00:03:58,040 Speaker 3: expanding to all of them, thirty eight facilities in total, 75 00:03:58,040 --> 00:04:01,200 Speaker 3: I believe, across twenty states. Can you talk about why 76 00:04:01,520 --> 00:04:04,600 Speaker 3: these facilities are important and what not having workers there 77 00:04:04,680 --> 00:04:06,960 Speaker 3: is going to mean for these two automakers. 78 00:04:07,720 --> 00:04:07,960 Speaker 6: Yeah. 79 00:04:08,000 --> 00:04:12,080 Speaker 5: So with this action, the UW is literally taking the 80 00:04:12,160 --> 00:04:15,320 Speaker 5: strike to the streets because what this will do is 81 00:04:15,440 --> 00:04:19,800 Speaker 5: interrupt the parts flow that go to dealers for car repairs. 82 00:04:20,240 --> 00:04:21,520 Speaker 7: So if you take your car. 83 00:04:21,400 --> 00:04:25,040 Speaker 5: In for a repair, the part may not be there 84 00:04:25,440 --> 00:04:28,000 Speaker 5: and then you can't drive your car. So this will 85 00:04:28,000 --> 00:04:31,960 Speaker 5: really test that public support that has weighed very heavily 86 00:04:31,960 --> 00:04:34,560 Speaker 5: in favor of the union, because this is now going 87 00:04:34,600 --> 00:04:39,480 Speaker 5: to inconvenience drivers throughout the country and dealers. 88 00:04:41,720 --> 00:04:43,479 Speaker 2: Keith, we don't have a sense of what the next 89 00:04:43,520 --> 00:04:45,000 Speaker 2: deadline might be, do we. 90 00:04:46,480 --> 00:04:49,080 Speaker 5: They haven't set another line at the stand yet since 91 00:04:49,080 --> 00:04:52,800 Speaker 5: they just crossed today's line. But you know, the question 92 00:04:52,920 --> 00:04:56,440 Speaker 5: now becomes, can this progress at Ford and the fact 93 00:04:56,440 --> 00:04:58,640 Speaker 5: that Ford was kind of rewarded for it by not 94 00:04:59,120 --> 00:05:02,719 Speaker 5: having their strike widened me on the one planned, Can 95 00:05:02,839 --> 00:05:05,400 Speaker 5: that serve as an incentive? It's a carrot and stick 96 00:05:05,760 --> 00:05:08,880 Speaker 5: approach that the union is using here. Can that serve 97 00:05:08,920 --> 00:05:12,280 Speaker 5: as an incentive to get GM and STILLANTIS to come 98 00:05:12,320 --> 00:05:16,320 Speaker 5: along with what Ford has offered? That's the whole basis 99 00:05:16,400 --> 00:05:19,280 Speaker 5: of this bargaining strategy. The UAW is trying to pit 100 00:05:19,400 --> 00:05:22,520 Speaker 5: one company against the other to get the best deal. 101 00:05:23,760 --> 00:05:26,560 Speaker 2: It's fascinating, Keith. Thank you, great reporting. Keith not and 102 00:05:26,560 --> 00:05:30,400 Speaker 2: Bloomberg Auto Reporter with us again on Bloomberg Sound On. 103 00:05:30,480 --> 00:05:32,560 Speaker 2: I look forward to our next conversation. I'm pretty sure 104 00:05:32,560 --> 00:05:34,040 Speaker 2: we're going to have it as we had. The voice 105 00:05:34,040 --> 00:05:37,360 Speaker 2: now of Arthur Wheaton, the director of Labor Studies at 106 00:05:37,400 --> 00:05:42,400 Speaker 2: the Cornell School of Industrial and Labor Relations. Arthur's good 107 00:05:42,440 --> 00:05:45,120 Speaker 2: to have you back on Bloomberg. We've had some pretty 108 00:05:45,160 --> 00:05:48,080 Speaker 2: important developments here just over the last few hours. What 109 00:05:48,120 --> 00:05:50,240 Speaker 2: do they tell you about the state of affairs here 110 00:05:50,480 --> 00:05:54,960 Speaker 2: in these negotiations. Keith says, it's pitting automaker against automaker. 111 00:05:57,120 --> 00:05:59,919 Speaker 8: Yeah, and it's using a strategy that the automakers have 112 00:06:00,160 --> 00:06:03,280 Speaker 8: used against the union for years, the terms called whip sign. 113 00:06:03,720 --> 00:06:07,560 Speaker 8: So you try to for decades, General Motors would try 114 00:06:07,560 --> 00:06:10,279 Speaker 8: to pit one plant against another. If you give us 115 00:06:10,320 --> 00:06:12,119 Speaker 8: a concession here, we'll give you more work. 116 00:06:12,720 --> 00:06:12,920 Speaker 6: Now. 117 00:06:13,040 --> 00:06:16,680 Speaker 8: Sean Fain in the UAW is pitting one automaker against 118 00:06:16,680 --> 00:06:18,839 Speaker 8: the other automaker, saying the first one to get a 119 00:06:18,839 --> 00:06:23,200 Speaker 8: decent deal doesn't get a strike, and it's helping them 120 00:06:23,240 --> 00:06:26,560 Speaker 8: in terms of their strike fund because they're only paying 121 00:06:26,680 --> 00:06:29,960 Speaker 8: for less than twenty thousand UAW members out on strike. 122 00:06:30,360 --> 00:06:34,920 Speaker 8: Yet it's impacting severely both Stalantis and General Motors and 123 00:06:34,960 --> 00:06:39,800 Speaker 8: their dealerships, especially without draining their strike fund as quickly 124 00:06:39,800 --> 00:06:40,400 Speaker 8: as it could be. 125 00:06:41,960 --> 00:06:45,919 Speaker 3: So definitely some very strategic thinking at play here on 126 00:06:45,920 --> 00:06:49,240 Speaker 3: the part of Sean Faine and UAW leadership. I guess 127 00:06:49,240 --> 00:06:53,240 Speaker 3: the question becomes if they are prepared to just not 128 00:06:53,360 --> 00:06:57,200 Speaker 3: budget all on their demands. That seems to be what's 129 00:06:57,240 --> 00:07:00,279 Speaker 3: happening here is that the automakers are having to move 130 00:07:00,279 --> 00:07:03,520 Speaker 3: because the union just isn't doing that. I just wonder 131 00:07:03,560 --> 00:07:06,400 Speaker 3: how long you think that dynamic is sustainable for. 132 00:07:08,800 --> 00:07:11,920 Speaker 8: I think what's likely to happen is both General Motors 133 00:07:11,920 --> 00:07:14,880 Speaker 8: and Stilantis are waiting for Ford to find the solution 134 00:07:15,080 --> 00:07:18,400 Speaker 8: for them, so that Ford is most likely to get 135 00:07:18,440 --> 00:07:22,160 Speaker 8: a deal, and then hopefully that deal will set the 136 00:07:22,200 --> 00:07:25,560 Speaker 8: pattern at the other two automakers. I think right now 137 00:07:25,600 --> 00:07:29,840 Speaker 8: they're trying to battle the public relations war at General 138 00:07:30,000 --> 00:07:33,160 Speaker 8: Motors and Stillants more so than solve the problems at 139 00:07:33,160 --> 00:07:34,119 Speaker 8: the bargaining table. 140 00:07:35,360 --> 00:07:35,560 Speaker 6: Huh. 141 00:07:35,840 --> 00:07:38,960 Speaker 2: So Ford's being used by both sides here, I guess. 142 00:07:39,000 --> 00:07:39,160 Speaker 6: So. 143 00:07:39,360 --> 00:07:44,160 Speaker 2: Actually fascinating as we watch take stock rise Arthur. If 144 00:07:44,160 --> 00:07:47,080 Speaker 2: this goes on, maybe there's a deadline next Friday, Maybe 145 00:07:47,080 --> 00:07:50,240 Speaker 2: they stand up strikes again. Maybe this goes into a 146 00:07:50,280 --> 00:07:54,840 Speaker 2: third week. Is a lockout among the options for these 147 00:07:54,920 --> 00:07:58,880 Speaker 2: automakers or is that signing your own death warrant? 148 00:08:00,920 --> 00:08:04,520 Speaker 8: The lockout was became an available option the minute the 149 00:08:04,560 --> 00:08:08,320 Speaker 8: strikes became an available option. So since all three contracts 150 00:08:08,360 --> 00:08:13,000 Speaker 8: are what they call expired, the no strike, no lockout 151 00:08:13,000 --> 00:08:15,320 Speaker 8: clauses ended, so they can do it anytime they want. 152 00:08:15,360 --> 00:08:17,480 Speaker 8: I just don't think they want to. I think right 153 00:08:17,520 --> 00:08:21,880 Speaker 8: now both GM and stallanthus are sitting back trying to 154 00:08:21,960 --> 00:08:24,480 Speaker 8: wait and see for waiting for Ford to figure a 155 00:08:24,480 --> 00:08:26,640 Speaker 8: way out of this, just like they did in Canada 156 00:08:26,680 --> 00:08:31,280 Speaker 8: for UNIFOR. UNIFOR picked Ford as the target because Ford 157 00:08:31,400 --> 00:08:35,840 Speaker 8: has historically been much better at managing labor relations and 158 00:08:36,000 --> 00:08:37,839 Speaker 8: valuing that relationship. 159 00:08:39,760 --> 00:08:42,160 Speaker 3: So if it's really Ford's deal to make here at 160 00:08:42,160 --> 00:08:43,800 Speaker 3: the end of the day, is there no role at 161 00:08:43,800 --> 00:08:46,240 Speaker 3: all for any officials in the administration. We just had 162 00:08:46,240 --> 00:08:48,559 Speaker 3: a headline coming out of the press briefing with the 163 00:08:48,559 --> 00:08:51,400 Speaker 3: White House Press Secretary Kaarine Jean Pierre. She said US 164 00:08:51,440 --> 00:08:55,280 Speaker 3: officials spoke with the UAW and automakers both today. That's, 165 00:08:55,320 --> 00:08:57,840 Speaker 3: of course after earlier today Sean Fain says, we invite 166 00:08:57,840 --> 00:09:00,960 Speaker 3: everyone to the picket line. President of the United States included. 167 00:09:01,200 --> 00:09:03,520 Speaker 3: Does the President of the United States make a difference 168 00:09:03,559 --> 00:09:04,640 Speaker 3: in a situation. 169 00:09:04,400 --> 00:09:08,960 Speaker 8: Like this, Yes, the President can make a difference, but 170 00:09:09,160 --> 00:09:11,520 Speaker 8: the biggest difference he can make is not trying to 171 00:09:11,520 --> 00:09:14,520 Speaker 8: get into the bargaining table. So under the National Labor 172 00:09:14,559 --> 00:09:17,800 Speaker 8: Relations Act, which is what the private sector is under, 173 00:09:18,160 --> 00:09:21,720 Speaker 8: there is no role for the President or Congress. Unlike 174 00:09:22,080 --> 00:09:25,920 Speaker 8: the rail industry, which almost had a strike, the Railway 175 00:09:26,000 --> 00:09:29,400 Speaker 8: Labor Act does have a specific role for the president, 176 00:09:29,480 --> 00:09:33,800 Speaker 8: and it was Congress that stopped that strike from happening. 177 00:09:34,120 --> 00:09:37,640 Speaker 8: It's different from the private sector. The law was written 178 00:09:37,679 --> 00:09:40,480 Speaker 8: to say the best deal is gated deal, and they 179 00:09:40,520 --> 00:09:43,800 Speaker 8: should have both sides work on an issue, try to 180 00:09:43,840 --> 00:09:44,280 Speaker 8: solve it. 181 00:09:46,120 --> 00:09:49,559 Speaker 2: Do you expect or should there be arthur a continued 182 00:09:49,640 --> 00:09:53,440 Speaker 2: negotiating sessions or is this going to be here's my offer. No, 183 00:09:53,600 --> 00:09:56,160 Speaker 2: I reject that here's my offer, and we kind of 184 00:09:56,200 --> 00:09:59,240 Speaker 2: play this out in the media. 185 00:09:59,400 --> 00:10:01,600 Speaker 8: So what happened is you can get to what they 186 00:10:01,600 --> 00:10:04,680 Speaker 8: call last, best and final offer, and that's what you 187 00:10:04,760 --> 00:10:07,760 Speaker 8: could come to at Stillantis or at General Motors. 188 00:10:07,760 --> 00:10:09,360 Speaker 2: But I don't think we're there yet. 189 00:10:09,520 --> 00:10:12,480 Speaker 8: I think right now you're seeing an impact, and it's 190 00:10:12,520 --> 00:10:16,160 Speaker 8: a relatively serious impact. But I don't think anything so 191 00:10:16,400 --> 00:10:18,920 Speaker 8: far can't be made up by the end of the 192 00:10:18,960 --> 00:10:22,760 Speaker 8: fourth quarter. So as you have only three assembly plants down, 193 00:10:23,160 --> 00:10:26,360 Speaker 8: they can work overtime and catch up on all of 194 00:10:26,920 --> 00:10:31,120 Speaker 8: that loss production and the parts plants doesn't hurt production 195 00:10:31,520 --> 00:10:34,559 Speaker 8: as much as it hurts the dealerships. And the dealerships 196 00:10:34,600 --> 00:10:40,040 Speaker 8: are the primary customer for both GM and Stillantis. Because 197 00:10:40,080 --> 00:10:44,440 Speaker 8: GM and Stallantis do not own the dealerships, that is 198 00:10:44,480 --> 00:10:48,080 Speaker 8: their customer. So I think the pressure right now is 199 00:10:48,480 --> 00:10:51,959 Speaker 8: adding chaos to the system, but it's also having an 200 00:10:52,040 --> 00:10:56,080 Speaker 8: impact without costing a huge amount to either the strip 201 00:10:56,200 --> 00:10:59,319 Speaker 8: fund or gross domestic product in the US. 202 00:11:01,480 --> 00:11:03,240 Speaker 3: Yeah, that's an interesting point as we think about the 203 00:11:03,280 --> 00:11:06,400 Speaker 3: economic ramifications of this when we're talking about costs. Though 204 00:11:06,440 --> 00:11:09,040 Speaker 3: obviously the cost to the strike fund is the consideration 205 00:11:09,120 --> 00:11:11,120 Speaker 3: for the union, but the cost of the new contract 206 00:11:11,200 --> 00:11:13,880 Speaker 3: is the consideration on the other side of the bargaining 207 00:11:13,880 --> 00:11:17,360 Speaker 3: table for these automakers. The sense I'm getting is that 208 00:11:17,400 --> 00:11:19,400 Speaker 3: it isn't really so much about the wages. It's about 209 00:11:19,440 --> 00:11:23,200 Speaker 3: other things related to pensions, for example, some of these 210 00:11:23,360 --> 00:11:27,080 Speaker 3: higher cost areas. And if that's where the problem is 211 00:11:27,120 --> 00:11:30,280 Speaker 3: these companies, a couple of them have gone bankrupt because 212 00:11:30,280 --> 00:11:32,199 Speaker 3: of this same issue as before, I wonder how there 213 00:11:32,240 --> 00:11:34,920 Speaker 3: can really be reconciliation on that issue. 214 00:11:37,000 --> 00:11:39,400 Speaker 8: I think there is a huge difference between what you 215 00:11:39,559 --> 00:11:42,520 Speaker 8: ask for at the table and what you expect to receive, 216 00:11:42,960 --> 00:11:46,079 Speaker 8: So you never ask for the minimum going into bargaining, 217 00:11:46,120 --> 00:11:49,080 Speaker 8: You're going to ask for more I don't think the 218 00:11:49,160 --> 00:11:52,480 Speaker 8: pensions were solved at Ford. I don't think the healthcare 219 00:11:52,520 --> 00:11:56,000 Speaker 8: retire healthcare for retirees was solved that forward, and I 220 00:11:56,040 --> 00:11:58,480 Speaker 8: don't know if they will be solved. I think those 221 00:11:58,520 --> 00:12:01,440 Speaker 8: are just two issues. But what the UAW is doing 222 00:12:01,760 --> 00:12:05,640 Speaker 8: is saying everything we're asking for here, we had for decades. 223 00:12:05,960 --> 00:12:08,959 Speaker 8: They had a cost of living, they had a defined 224 00:12:09,000 --> 00:12:12,080 Speaker 8: benefit pension, they had health care for the retirees, and 225 00:12:12,120 --> 00:12:14,880 Speaker 8: those are just some of the things over the years 226 00:12:14,880 --> 00:12:17,960 Speaker 8: they have given up to help save the companies. So 227 00:12:18,080 --> 00:12:20,560 Speaker 8: I think it's a reminder. I don't think it's going 228 00:12:20,640 --> 00:12:23,240 Speaker 8: to be last, best and final law offer. Give us 229 00:12:23,240 --> 00:12:26,040 Speaker 8: the pension and the healthcare retiree you we're all on strike, 230 00:12:26,080 --> 00:12:28,000 Speaker 8: and we'll take you all out right now for forever. 231 00:12:28,400 --> 00:12:30,120 Speaker 6: I don't think they're at that point. 232 00:12:31,040 --> 00:12:35,760 Speaker 2: Wow, you referred to the strike fund already, Arthur. The 233 00:12:36,240 --> 00:12:38,840 Speaker 2: automakers know how much money the union has, just like 234 00:12:38,880 --> 00:12:40,800 Speaker 2: we do. Why not just put a date on the 235 00:12:40,800 --> 00:12:43,240 Speaker 2: calendar for when that money runs out? Sit back and wait. 236 00:12:45,640 --> 00:12:48,480 Speaker 8: Well, you could try doing that, but the UAW absolutely 237 00:12:48,480 --> 00:12:51,080 Speaker 8: doesn't want to spend all of that. You got to remember, 238 00:12:51,240 --> 00:12:54,079 Speaker 8: only one hundred and forty seven thousand people are impacted 239 00:12:54,120 --> 00:12:55,840 Speaker 8: directly by these three companies. 240 00:12:57,200 --> 00:13:00,199 Speaker 2: But if you're the automakers, if you're the automakers, just 241 00:13:00,280 --> 00:13:02,040 Speaker 2: let them spend the money, if you know when that 242 00:13:02,120 --> 00:13:07,199 Speaker 2: money runs out. Doesn't that give the corporations an advantage potentially. 243 00:13:09,520 --> 00:13:11,319 Speaker 8: Except that all of your customers are going to start 244 00:13:11,360 --> 00:13:14,320 Speaker 8: running to Toyota, Honda, Nissan, Kiya, and whoever else they 245 00:13:14,360 --> 00:13:17,400 Speaker 8: want to when you start losing customers. And at forty 246 00:13:17,440 --> 00:13:20,880 Speaker 8: eight thousand dollars the average for each vehicle, it doesn't 247 00:13:20,880 --> 00:13:24,800 Speaker 8: take many customers to surpass that number in the strike fund. 248 00:13:24,880 --> 00:13:26,240 Speaker 2: So thin could lose a whole. 249 00:13:26,000 --> 00:13:28,560 Speaker 8: Lot more money than what the UAW will lose over 250 00:13:28,600 --> 00:13:29,640 Speaker 8: that period of time. 251 00:13:31,160 --> 00:13:34,840 Speaker 3: It's an interesting consideration. And as Arthur's talking about different automakers, 252 00:13:35,120 --> 00:13:40,120 Speaker 3: there's also Tesla, non union EV maker. EV's are at 253 00:13:40,320 --> 00:13:42,000 Speaker 3: kind of the heart of the issue in this fight 254 00:13:42,040 --> 00:13:45,600 Speaker 3: as well. In theory, Tesla's probably feeling pretty good about 255 00:13:45,600 --> 00:13:46,079 Speaker 3: this right now. 256 00:13:46,120 --> 00:13:48,360 Speaker 2: Yeah, we only have thirty seconds off. There is this 257 00:13:48,400 --> 00:13:52,360 Speaker 2: whole thing advantage Tesla. 258 00:13:52,480 --> 00:13:54,240 Speaker 8: I would say, no, I would say, what's going to 259 00:13:54,320 --> 00:13:57,040 Speaker 8: happen is all of this at the UAW wins huge 260 00:13:57,080 --> 00:13:59,600 Speaker 8: gains at the bargaining table. You could have the UAW 261 00:13:59,720 --> 00:14:06,640 Speaker 8: start organizing more of than not Tesla's, including Tesla, and 262 00:14:06,760 --> 00:14:10,520 Speaker 8: Tesla is always anti union and has unfair labor practices 263 00:14:10,559 --> 00:14:13,319 Speaker 8: against them, so it could be a warning shot saying, look, 264 00:14:13,360 --> 00:14:15,600 Speaker 8: we're coming to you next, so we want improvements for 265 00:14:15,640 --> 00:14:16,200 Speaker 8: the workers. 266 00:14:17,360 --> 00:14:20,080 Speaker 2: Come back and talk to us. Arthur Wheaton, Cornell University, 267 00:14:20,120 --> 00:14:21,600 Speaker 2: Director of Labor Studies. 268 00:14:21,760 --> 00:14:26,680 Speaker 1: This is Bloomberg. You're listening to the Bloomberg Sound on podcast. 269 00:14:27,040 --> 00:14:30,160 Speaker 1: Catch the program live weekdays at one Eastern. 270 00:14:30,000 --> 00:14:33,440 Speaker 9: On Bloomberg Radio, the tune in app, Bloomberg dot Com, and. 271 00:14:33,400 --> 00:14:34,760 Speaker 6: The Bloomberg Business App. 272 00:14:34,880 --> 00:14:37,760 Speaker 1: You can also listen live on Amazon Alexa from our 273 00:14:37,760 --> 00:14:42,520 Speaker 1: flagship New York station. Just say Alexa play Bloomberg eleven thirty. 274 00:14:43,640 --> 00:14:47,360 Speaker 2: Lawmakers have left us all to ourselves. They're gone for 275 00:14:47,480 --> 00:14:49,960 Speaker 2: the long weekend without crafting a plan on the budget. 276 00:14:50,000 --> 00:14:52,560 Speaker 2: We're going to get to that more immediately. Hear news 277 00:14:52,560 --> 00:14:55,560 Speaker 2: from the UAW that you've been hearing about for the 278 00:14:55,640 --> 00:14:58,280 Speaker 2: last couple of hours on Bloomberg. Remember we had a 279 00:14:58,400 --> 00:15:03,680 Speaker 2: twelve noon Eastern deadline, and you better believe the UAW 280 00:15:03,880 --> 00:15:07,400 Speaker 2: is scaling up strikes, but not all of them. Targeting 281 00:15:07,480 --> 00:15:11,240 Speaker 2: GM and Stalantis, not Ford. We heard from Sean Fain, 282 00:15:11,840 --> 00:15:15,520 Speaker 2: the president of the UAW, just before the deadline. 283 00:15:15,000 --> 00:15:20,680 Speaker 4: Today at noon Eastern time. All of the parts distribution 284 00:15:20,800 --> 00:15:24,760 Speaker 4: facilities at General Motors and Stalanis are being called to 285 00:15:24,880 --> 00:15:28,800 Speaker 4: stand up and strike. We will be striking thirty eight 286 00:15:28,880 --> 00:15:34,359 Speaker 4: locations across twenty states, across all nine regions of the UAW. 287 00:15:36,840 --> 00:15:39,760 Speaker 2: But as I mentioned, not Ford, and as we look 288 00:15:39,800 --> 00:15:42,440 Speaker 2: ahead to the next week here in hopes of some 289 00:15:42,480 --> 00:15:44,760 Speaker 2: sort of a breakthrough, there's going to be an added 290 00:15:44,800 --> 00:15:47,880 Speaker 2: political element to this. As Donald Trump goes to Detroit 291 00:15:47,880 --> 00:15:50,880 Speaker 2: instead of the Republican Debate to speak to members, and 292 00:15:50,960 --> 00:15:53,440 Speaker 2: this is happening amid calls for President Biden to do 293 00:15:53,480 --> 00:15:55,560 Speaker 2: the same. He's actually out with a new ad today 294 00:15:55,960 --> 00:15:57,560 Speaker 2: on all of this. I call it an ad. It's 295 00:15:57,560 --> 00:15:59,960 Speaker 2: an online video that he just posted on Twitter, using 296 00:16:00,200 --> 00:16:04,960 Speaker 2: the words of Republicans in this case to describe his 297 00:16:05,120 --> 00:16:08,360 Speaker 2: stand on the union. Give this a taste when you have. 298 00:16:08,320 --> 00:16:11,840 Speaker 10: A president that's constantly saying go union, Go Union, this 299 00:16:11,960 --> 00:16:13,880 Speaker 10: is what you get the unions get involved in that. 300 00:16:14,000 --> 00:16:21,040 Speaker 8: Nicky harrin the First Building passed eighty six billion dollars. 301 00:16:20,680 --> 00:16:26,400 Speaker 2: For unions Senator Tim Scott and clearly does prioritizee union jobs. 302 00:16:26,560 --> 00:16:28,080 Speaker 11: And he's made very clear here. 303 00:16:28,320 --> 00:16:31,560 Speaker 2: And you've got an anchor here at Fox Business, so 304 00:16:31,600 --> 00:16:32,960 Speaker 2: you get a taste of this. By the way, he 305 00:16:33,360 --> 00:16:36,880 Speaker 2: said yes, is that one word on the tweet? Mark 306 00:16:37,000 --> 00:16:40,320 Speaker 2: Niquette is with us Bloomberg Politics and Government reporter. Market's 307 00:16:40,360 --> 00:16:43,200 Speaker 2: wonderful to have you in Washington as we consider the 308 00:16:43,240 --> 00:16:47,240 Speaker 2: political side to this important you know, business meets Wall 309 00:16:47,240 --> 00:16:49,760 Speaker 2: Street kind of story. We add Washington as well, and 310 00:16:49,760 --> 00:16:52,600 Speaker 2: it's hard to escape the politics as Republicans try to 311 00:16:52,680 --> 00:16:56,120 Speaker 2: seize the moment. Can they do that? As Donald Trump 312 00:16:56,200 --> 00:16:57,560 Speaker 2: onto something next week. 313 00:16:57,640 --> 00:17:00,200 Speaker 12: We're going to find out. I mean, it's it's pretty 314 00:17:00,200 --> 00:17:03,280 Speaker 12: clear that what President Trump's trying to do is to 315 00:17:03,320 --> 00:17:07,399 Speaker 12: cut into Biden's union support in Michigan, key swing state. 316 00:17:07,440 --> 00:17:11,959 Speaker 12: In the twenty twenty four election, Biden did very well, 317 00:17:12,000 --> 00:17:14,440 Speaker 12: beat Trump by about one hundred and fifty thousand votes 318 00:17:14,480 --> 00:17:18,240 Speaker 12: in twenty twenty. So, in addition to counter programming the 319 00:17:18,760 --> 00:17:21,680 Speaker 12: GOP debate that's going on in California, I think Trump 320 00:17:21,760 --> 00:17:23,840 Speaker 12: is sensing an opportunity here that he could make some 321 00:17:23,920 --> 00:17:25,960 Speaker 12: headway with union members in particular. 322 00:17:25,680 --> 00:17:27,480 Speaker 2: It's a pretty friendly crowd though, right the rank and 323 00:17:27,520 --> 00:17:32,959 Speaker 2: file was already kind of leaning toward Republicans and Trump 324 00:17:33,080 --> 00:17:36,800 Speaker 2: in the last couple of elections. Here is Joe Biden 325 00:17:36,920 --> 00:17:38,879 Speaker 2: the one who has to win over their support. 326 00:17:39,160 --> 00:17:43,879 Speaker 12: Well, there's certainly a disconnect between the union leadership that 327 00:17:43,960 --> 00:17:47,680 Speaker 12: has historically backed Democrats and the rank and file members. 328 00:17:47,920 --> 00:17:51,320 Speaker 12: The Democrats would have you believe that it's a majority 329 00:17:51,440 --> 00:17:54,560 Speaker 12: of the rank and file still support Biden and the Democrats. 330 00:17:54,600 --> 00:17:57,000 Speaker 12: And sure there is support in the rank and file 331 00:17:57,040 --> 00:18:00,320 Speaker 12: for Republicans. But I think that the big question is 332 00:18:01,640 --> 00:18:05,680 Speaker 12: does Trump really have any the ability to move many 333 00:18:05,760 --> 00:18:08,800 Speaker 12: of the folks, the union folks who voted for Biden 334 00:18:09,680 --> 00:18:10,440 Speaker 12: twenty twenty four. 335 00:18:11,680 --> 00:18:14,520 Speaker 2: You're going to be at this speech, I guess we'll 336 00:18:14,520 --> 00:18:16,920 Speaker 2: call it next week in Detroit. He's not expected on 337 00:18:16,960 --> 00:18:20,040 Speaker 2: the picket line from what we understand, because of security concerns. 338 00:18:20,040 --> 00:18:22,080 Speaker 2: Will he be in a union hall or what? Do 339 00:18:22,119 --> 00:18:23,119 Speaker 2: we have logistics yet? 340 00:18:23,200 --> 00:18:25,240 Speaker 12: Yeah, we're not entirely sure, other than it's a primetime 341 00:18:25,280 --> 00:18:28,719 Speaker 12: speech with current and former union members and including not 342 00:18:28,760 --> 00:18:32,760 Speaker 12: just UAW members, but you know, pipefitters and other union folks. 343 00:18:33,160 --> 00:18:34,840 Speaker 2: You know, it's interesting you mentioned that because one of 344 00:18:34,880 --> 00:18:37,800 Speaker 2: the messages from Fain today was this is not just 345 00:18:37,880 --> 00:18:40,080 Speaker 2: the Big three, this is about more than the Big three. 346 00:18:40,119 --> 00:18:43,320 Speaker 2: And he went through a litany of labor actions in 347 00:18:43,359 --> 00:18:48,080 Speaker 2: his I guess Facebook live conversation is his live message 348 00:18:48,359 --> 00:18:51,600 Speaker 2: to members here, this is bigger than the UAWD. We 349 00:18:51,680 --> 00:18:54,000 Speaker 2: just went through ups we had rail workers earlier in 350 00:18:54,040 --> 00:18:56,240 Speaker 2: the year. Is that why Republicans think they have something? 351 00:18:56,440 --> 00:18:56,840 Speaker 11: I think so. 352 00:18:57,280 --> 00:19:02,480 Speaker 12: That and the overwhelming dissatisfaction that voters say they have 353 00:19:02,560 --> 00:19:06,320 Speaker 12: with the economy and Biden's handling of the economy survey 354 00:19:06,320 --> 00:19:08,920 Speaker 12: after survey shows that he's just not making any headway 355 00:19:09,359 --> 00:19:14,040 Speaker 12: with his message of Bidenomics connecting with people. And you know, 356 00:19:14,040 --> 00:19:16,880 Speaker 12: one of the things we're watching to see, I think 357 00:19:17,000 --> 00:19:19,960 Speaker 12: is if Biden engages now with this strike in a 358 00:19:20,040 --> 00:19:24,960 Speaker 12: more personal way. The Facebook video from Fain, you mentioned, 359 00:19:25,520 --> 00:19:28,800 Speaker 12: more or less invited Biden to show up the picket 360 00:19:28,840 --> 00:19:29,520 Speaker 12: line and. 361 00:19:30,280 --> 00:19:31,160 Speaker 2: Trump's visit didn't. 362 00:19:31,160 --> 00:19:34,320 Speaker 12: He we did, and before the message was we don't 363 00:19:34,320 --> 00:19:37,480 Speaker 12: want presidential politics involved in this negotiation. We can do 364 00:19:37,560 --> 00:19:40,439 Speaker 12: fine without it, thank you. But there seems to have 365 00:19:40,440 --> 00:19:43,720 Speaker 12: been a change now where Fain is welcoming Biden to 366 00:19:44,119 --> 00:19:47,520 Speaker 12: intervene in the strike. So I guess it'll be interesting 367 00:19:47,520 --> 00:19:49,359 Speaker 12: if we have a sort of a split screen with 368 00:19:49,440 --> 00:19:52,040 Speaker 12: both Biden and Trump showing up in Michigan to try 369 00:19:52,119 --> 00:19:53,399 Speaker 12: and make some head moment to strike. 370 00:19:53,480 --> 00:19:56,880 Speaker 2: That would be a moment in this campaign to intervene. Though, 371 00:19:56,960 --> 00:19:58,600 Speaker 2: is that? Did you mean to use that word in 372 00:19:58,680 --> 00:20:00,960 Speaker 2: terms of maybe mediate. 373 00:20:01,000 --> 00:20:03,280 Speaker 12: No, not im media being in a sense of inserting 374 00:20:03,320 --> 00:20:07,160 Speaker 12: themselves into the big picture. They know, if not the 375 00:20:07,200 --> 00:20:08,720 Speaker 12: negotiations directly. 376 00:20:08,400 --> 00:20:10,560 Speaker 2: That could still happen. Of course, Mark, you're also writing 377 00:20:10,560 --> 00:20:12,760 Speaker 2: about the impact this may have on the Ohio Senate race. 378 00:20:12,840 --> 00:20:13,879 Speaker 2: What should we be watching? 379 00:20:14,359 --> 00:20:17,520 Speaker 12: Well, we're watching to see what impact this has on 380 00:20:17,560 --> 00:20:21,680 Speaker 12: Shared Brown. He has a tough reelection in Ohio, and 381 00:20:22,359 --> 00:20:26,080 Speaker 12: historically he's relied on the vote of in particular the 382 00:20:26,160 --> 00:20:31,200 Speaker 12: UAW to carry Ohio. But Ohio has been moving much 383 00:20:31,200 --> 00:20:34,359 Speaker 12: more to the right in recent elections. A lot of 384 00:20:34,359 --> 00:20:39,080 Speaker 12: these Union folks who forever were Democrats clearly voted for 385 00:20:39,080 --> 00:20:43,720 Speaker 12: Trump in twenty sixteen and twenty twenty. You know, the 386 00:20:43,760 --> 00:20:47,160 Speaker 12: big question is can Shared Brown hold these folks, these 387 00:20:47,359 --> 00:20:49,960 Speaker 12: Union voters in particular, if they went for Trump, where 388 00:20:49,960 --> 00:20:53,560 Speaker 12: they still support Shared Brown? So I think the union 389 00:20:53,640 --> 00:20:56,520 Speaker 12: is looking to share it to, you know, be visibly 390 00:20:57,000 --> 00:20:59,920 Speaker 12: on their side and help if he can in any way, 391 00:21:00,200 --> 00:21:03,480 Speaker 12: you know, deliver the gains they're looking for in these negotiations. 392 00:21:03,760 --> 00:21:05,760 Speaker 2: We've got a lot to learn here. Still, it's like 393 00:21:05,800 --> 00:21:08,240 Speaker 2: every time we turn around, there's another layer on these races, 394 00:21:08,240 --> 00:21:10,760 Speaker 2: and this UAW is a pretty big layer. Would you 395 00:21:10,880 --> 00:21:12,600 Speaker 2: join us from Detroit while you're out there next week. 396 00:21:12,640 --> 00:21:13,520 Speaker 2: I'd love to hear from you. 397 00:21:13,680 --> 00:21:13,840 Speaker 6: Mark. 398 00:21:13,880 --> 00:21:16,440 Speaker 2: It's great to have you in Washington. Mark Nackett, Bloomberg 399 00:21:16,440 --> 00:21:19,640 Speaker 2: Politics Government Reporter, Many thanks for talking with us. As 400 00:21:19,640 --> 00:21:21,719 Speaker 2: always on sound On, It's not all that often we 401 00:21:21,760 --> 00:21:25,920 Speaker 2: get an in person review from Mark Niquette. I'm Joe 402 00:21:25,920 --> 00:21:28,000 Speaker 2: Matthew and Washington. As we prepare to bring in Bill 403 00:21:28,000 --> 00:21:30,760 Speaker 2: Hoaglan now from the Bipartisan Policy Center bring up the data. 404 00:21:30,800 --> 00:21:33,720 Speaker 2: What's happening on Capitol Hill and by that I mean nothing. 405 00:21:34,359 --> 00:21:36,840 Speaker 2: They're all gone. Well, I shouldn't say all gone. There's 406 00:21:36,840 --> 00:21:40,400 Speaker 2: actually a Rules Committee hearing that's taking place that will 407 00:21:40,600 --> 00:21:43,160 Speaker 2: likely feed into this whole conversation as the House tries 408 00:21:43,200 --> 00:21:46,040 Speaker 2: to get some single issue spending bills to the floor 409 00:21:46,080 --> 00:21:49,720 Speaker 2: next week. But everybody else is out of here. Couldn't 410 00:21:49,760 --> 00:21:54,280 Speaker 2: get a defense spending bill to even reach debate on 411 00:21:54,320 --> 00:21:56,800 Speaker 2: the floor of the House. The House and Senate don't 412 00:21:56,800 --> 00:21:59,760 Speaker 2: see eye to eye. Republicans themselves in the House still 413 00:21:59,800 --> 00:22:03,520 Speaker 2: to see eye to eye. And listen to Marjorie Taylor Green. 414 00:22:05,240 --> 00:22:07,760 Speaker 2: She posted a video in the gym. You know she's 415 00:22:07,800 --> 00:22:10,840 Speaker 2: putting up the Jim video is always with the pull ups, 416 00:22:10,840 --> 00:22:15,120 Speaker 2: and I guess she had just worked out and she's frustrated. 417 00:22:15,280 --> 00:22:20,000 Speaker 13: I'm particularly frustrated today. We went home for August recess. 418 00:22:20,080 --> 00:22:23,600 Speaker 13: We should have stayed in Washington working to get our 419 00:22:23,640 --> 00:22:27,440 Speaker 13: appropriation bills done, but we didn't. We went on August recess, 420 00:22:27,520 --> 00:22:29,520 Speaker 13: and that's when we're supposed to go back to our 421 00:22:29,560 --> 00:22:33,000 Speaker 13: districts and get work done in our districts. That's what 422 00:22:33,040 --> 00:22:35,960 Speaker 13: we did. But we should have stayed in Washington and 423 00:22:36,080 --> 00:22:40,600 Speaker 13: funded the government and gotten all the work done hammering 424 00:22:40,640 --> 00:22:41,520 Speaker 13: out the details. 425 00:22:42,760 --> 00:22:46,200 Speaker 2: Doesn't sound like she's terribly happy with her ally Kevin 426 00:22:46,280 --> 00:22:49,560 Speaker 2: McCarthy on all of this, Let's turn to Bill Hogman, 427 00:22:49,600 --> 00:22:52,480 Speaker 2: As I mentioned, senior vice president of the Bipartisan Policy Center, 428 00:22:53,160 --> 00:22:55,840 Speaker 2: spent more than a day in the Senate working for 429 00:22:55,880 --> 00:22:59,280 Speaker 2: Bill Frist as the director of Budget and appropriations. I 430 00:22:59,320 --> 00:23:01,439 Speaker 2: won't go through your whole resume bill, but it's wonderful 431 00:23:01,440 --> 00:23:02,800 Speaker 2: to see you here and thank you for coming. 432 00:23:03,720 --> 00:23:03,960 Speaker 6: Boy. 433 00:23:04,000 --> 00:23:07,040 Speaker 2: I remember the conversations we had around the debt limit, 434 00:23:07,240 --> 00:23:09,960 Speaker 2: the potential default. We thought we had a deal. We're 435 00:23:10,000 --> 00:23:13,520 Speaker 2: really learning now apparently we did not. And as everybody 436 00:23:13,600 --> 00:23:15,160 Speaker 2: heads home, we're going to have what four or five 437 00:23:15,200 --> 00:23:17,760 Speaker 2: days potentially to figure this entire thing out. Next week. 438 00:23:18,240 --> 00:23:24,360 Speaker 2: You've got some folks described as a legislative arsonists who 439 00:23:24,400 --> 00:23:29,480 Speaker 2: are calling for a shutdown. Speaker McCarthy says he doesn't 440 00:23:29,560 --> 00:23:32,720 Speaker 2: understand this mentality has just burned the place down? Is 441 00:23:32,760 --> 00:23:35,240 Speaker 2: that what's happening? Is this caucus going to burn down 442 00:23:35,240 --> 00:23:35,600 Speaker 2: the House? 443 00:23:36,960 --> 00:23:39,399 Speaker 14: Well, they're working on it pretty hard, I think in 444 00:23:39,480 --> 00:23:44,239 Speaker 14: terms of causing some real problems for the Speaker, but 445 00:23:44,720 --> 00:23:47,880 Speaker 14: I remain somewhat optimistic that we're going to be able 446 00:23:47,920 --> 00:23:51,040 Speaker 14: to work this thing out. If nothing else, focus on 447 00:23:51,080 --> 00:23:54,800 Speaker 14: the United States Senate next week. The United States Senate 448 00:23:55,040 --> 00:23:57,720 Speaker 14: on Tuesday will be taking up a piece of legislation 449 00:23:57,840 --> 00:24:00,480 Speaker 14: called the FAA Reauthorization Bill. 450 00:24:00,960 --> 00:24:02,720 Speaker 11: And not to get into the weeds. 451 00:24:02,359 --> 00:24:05,239 Speaker 14: About this, but it's it allows them to call that 452 00:24:05,320 --> 00:24:07,760 Speaker 14: bill up and strip it, strip it because it's a 453 00:24:07,800 --> 00:24:10,760 Speaker 14: revenue bill, because there's revenues in that bill. Allow them 454 00:24:10,760 --> 00:24:13,760 Speaker 14: to strip out the FAA portion and put in a 455 00:24:13,800 --> 00:24:17,800 Speaker 14: continuing resolution and then send it over to the House 456 00:24:17,920 --> 00:24:19,760 Speaker 14: and so be in the House's. 457 00:24:21,720 --> 00:24:24,080 Speaker 11: Job to take up that particular resolution. 458 00:24:24,600 --> 00:24:26,399 Speaker 2: So this has been people are talking about the Senate 459 00:24:26,520 --> 00:24:29,840 Speaker 2: jamming the House. This is doing its job. Yes, maybe 460 00:24:29,920 --> 00:24:31,760 Speaker 2: swooping in at the last minute. But we hear that 461 00:24:31,880 --> 00:24:34,480 Speaker 2: Kevin McCarthy gets fired if he tries to pass that. 462 00:24:34,560 --> 00:24:36,800 Speaker 11: Well, I'm not exactly sure that's going to happen. 463 00:24:37,000 --> 00:24:42,240 Speaker 14: I mean, he may face a motion to vacate his speakership. 464 00:24:42,480 --> 00:24:43,400 Speaker 11: I think that's true. 465 00:24:43,880 --> 00:24:46,440 Speaker 14: But in the last twenty four to forty eight hours, 466 00:24:46,480 --> 00:24:49,159 Speaker 14: I have been at least hearing that. 467 00:24:49,280 --> 00:24:52,120 Speaker 11: Listen, what's the alternative? And so. 468 00:24:54,040 --> 00:24:56,399 Speaker 14: Democrat the way the House works, and I'm a Senate 469 00:24:56,440 --> 00:24:58,879 Speaker 14: staff or not a House staffer, so I can't I 470 00:24:58,920 --> 00:25:01,600 Speaker 14: can't always speak to the person in the House. But 471 00:25:01,680 --> 00:25:06,159 Speaker 14: the House Democrats could basically not show up to vote 472 00:25:06,160 --> 00:25:10,240 Speaker 14: on that vacation, vacate the position, or they could vote present, 473 00:25:10,359 --> 00:25:14,159 Speaker 14: and in which case then the speaker would survive a 474 00:25:14,320 --> 00:25:15,760 Speaker 14: motion to vacate the office. 475 00:25:15,840 --> 00:25:18,600 Speaker 2: So when I asked Democrats here, would you come to 476 00:25:18,640 --> 00:25:21,800 Speaker 2: the speaker's defense? And they laugh at me. That's actually 477 00:25:21,800 --> 00:25:24,679 Speaker 2: what they mean. They would come to his defense without voting, 478 00:25:24,760 --> 00:25:27,280 Speaker 2: without voting for him, just by lowering the threshold. 479 00:25:27,320 --> 00:25:28,360 Speaker 11: That's exactly right. 480 00:25:28,440 --> 00:25:31,560 Speaker 14: So I think that's I think from the beginning this 481 00:25:31,640 --> 00:25:33,560 Speaker 14: has always been a question as to whether or not 482 00:25:33,640 --> 00:25:37,159 Speaker 14: the speaker wanted to keep government operational or did he 483 00:25:37,200 --> 00:25:39,199 Speaker 14: threaten his own position as a speaker. 484 00:25:39,240 --> 00:25:40,600 Speaker 11: And I think this is where it's going to come 485 00:25:40,640 --> 00:25:41,080 Speaker 11: down to, do. 486 00:25:41,160 --> 00:25:43,240 Speaker 2: We do we in that world end up having like 487 00:25:43,280 --> 00:25:45,159 Speaker 2: a weekend shutdown or something, or well, the. 488 00:25:45,160 --> 00:25:48,080 Speaker 14: Good news, of course is not the good news. The 489 00:25:48,119 --> 00:25:50,199 Speaker 14: news is that, of course the fiscal year begins on 490 00:25:50,240 --> 00:25:53,320 Speaker 14: a Sunday. That's right, So it is possible that we 491 00:25:53,320 --> 00:25:56,240 Speaker 14: would have a shutdown on Sunday, maybe Monday there. But 492 00:25:56,359 --> 00:25:59,280 Speaker 14: I personally I think that what no. But first of all, 493 00:25:59,280 --> 00:26:02,640 Speaker 14: nobody to oh, you know, nobody wins in these situations. 494 00:26:02,640 --> 00:26:03,640 Speaker 11: If people say, well, it's. 495 00:26:03,560 --> 00:26:08,240 Speaker 14: A outside the beltway, we may hear inside the Beltway 496 00:26:08,280 --> 00:26:10,840 Speaker 14: say we know where the problem is. It's in the house, 497 00:26:10,880 --> 00:26:14,720 Speaker 14: But outside the belty nobody understands. Basically that everybody we 498 00:26:14,840 --> 00:26:17,320 Speaker 14: all look bad. And so I think the sooner we 499 00:26:17,440 --> 00:26:21,720 Speaker 14: get to the position of passing a continuing resolution, the better. Listen, 500 00:26:21,720 --> 00:26:23,280 Speaker 14: we're not out of the woods here. Even if they 501 00:26:23,320 --> 00:26:25,520 Speaker 14: do pass a containing resolution will probably be to the 502 00:26:25,600 --> 00:26:26,720 Speaker 14: end of October. 503 00:26:26,800 --> 00:26:28,440 Speaker 11: Maybe maybe to think we're. 504 00:26:28,119 --> 00:26:31,680 Speaker 14: Going through this again, we're pushing up against snowflakes in December, 505 00:26:31,720 --> 00:26:33,480 Speaker 14: I think, before we get everything resolved. 506 00:26:33,560 --> 00:26:36,639 Speaker 2: Wow, And that's exactly what Kevin McCarthy said. He didn't want, right, 507 00:26:36,680 --> 00:26:38,800 Speaker 2: don't jam me up against the holidays. He said, let's 508 00:26:38,800 --> 00:26:39,679 Speaker 2: get it done before then. 509 00:26:39,720 --> 00:26:43,640 Speaker 14: But high reality, that would be nice. But I don't 510 00:26:43,640 --> 00:26:44,520 Speaker 14: think that's going to happen. 511 00:26:45,040 --> 00:26:46,760 Speaker 2: But you also don't think he's going to get fired, 512 00:26:47,040 --> 00:26:48,760 Speaker 2: which means he might have a little bit more ribber 513 00:26:48,800 --> 00:26:50,800 Speaker 2: room than people are illustrating in the media. 514 00:26:50,840 --> 00:26:52,679 Speaker 14: I think he's going to try his best to go 515 00:26:52,720 --> 00:26:54,520 Speaker 14: as far as he can, to push it as far 516 00:26:54,560 --> 00:26:58,040 Speaker 14: as he can up until he has to. And I 517 00:26:58,080 --> 00:27:01,800 Speaker 14: think it's he I honestly, he understands to do this, 518 00:27:01,880 --> 00:27:05,879 Speaker 14: he has to have democratic support, and this would be Listen, 519 00:27:06,080 --> 00:27:08,760 Speaker 14: it's two against one, the White House and the Senate. 520 00:27:09,160 --> 00:27:10,960 Speaker 14: It's two against one. And I've never been in a 521 00:27:11,080 --> 00:27:12,639 Speaker 14: knife fight. But if it was two against one, I 522 00:27:12,640 --> 00:27:14,040 Speaker 14: think I put my bets on the two. 523 00:27:14,320 --> 00:27:17,080 Speaker 2: Yeah, that's right, fair enough even without a knife. So 524 00:27:18,000 --> 00:27:20,840 Speaker 2: Mitch McConnell wants to see Ukraine funding. President Zelenski was 525 00:27:20,920 --> 00:27:24,280 Speaker 2: here yesterday. He made the case with that CR included. 526 00:27:24,280 --> 00:27:26,879 Speaker 14: Well, that's a good question, as I understand that it 527 00:27:27,000 --> 00:27:30,280 Speaker 14: probably would there be an attempt to put the Ukraine 528 00:27:30,280 --> 00:27:33,040 Speaker 14: funding in this bill that I'm talking about coming from 529 00:27:33,080 --> 00:27:36,920 Speaker 14: the Senate. Rand Paul has indicated that he is opposed 530 00:27:36,960 --> 00:27:40,320 Speaker 14: to that, and so that may delay thee That's why 531 00:27:40,200 --> 00:27:43,520 Speaker 14: there's that made delay getting the bill out of the 532 00:27:43,560 --> 00:27:45,720 Speaker 14: Senate and over to the House. But at the end 533 00:27:45,760 --> 00:27:50,160 Speaker 14: of the day, I think there probably will remain. They 534 00:27:50,160 --> 00:27:52,399 Speaker 14: made them want to delay this Ukraine funding until the 535 00:27:52,480 --> 00:27:54,919 Speaker 14: end of the October to the next round they go 536 00:27:55,000 --> 00:27:57,240 Speaker 14: through it. But I think at some point here the House, 537 00:27:57,280 --> 00:28:00,520 Speaker 14: the Senate is pretty well majority of minority is pretty 538 00:28:00,560 --> 00:28:03,560 Speaker 14: well in agreement. Besides those few, it's the House that's 539 00:28:03,560 --> 00:28:05,439 Speaker 14: going to be the problem with the Ukraine funding. 540 00:28:05,480 --> 00:28:07,840 Speaker 2: It's been a recurring theme in our last moment. I 541 00:28:07,920 --> 00:28:12,399 Speaker 2: just wonder your reflections here when it comes to the dysfunction. Uh, 542 00:28:12,720 --> 00:28:14,439 Speaker 2: even if we get through this. To your point, we 543 00:28:14,520 --> 00:28:16,119 Speaker 2: might have another shutdown at the end of the year, 544 00:28:16,160 --> 00:28:17,679 Speaker 2: and we're going to be wrangling over this for the 545 00:28:17,720 --> 00:28:21,640 Speaker 2: balance it seems of this of this Congress, aren't we Oh? 546 00:28:21,680 --> 00:28:22,119 Speaker 11: I think so. 547 00:28:22,240 --> 00:28:24,199 Speaker 14: I think when you have this narrow the margin in 548 00:28:24,240 --> 00:28:25,960 Speaker 14: the House, are you're going to have this is and 549 00:28:26,040 --> 00:28:29,359 Speaker 14: we move into this political season in a bigger way. 550 00:28:29,520 --> 00:28:31,520 Speaker 14: It's it's going to continue all right up into the 551 00:28:31,560 --> 00:28:33,560 Speaker 14: election time next year. I think this is going to 552 00:28:33,600 --> 00:28:38,160 Speaker 14: continue on this division. I'm sad about that. I think 553 00:28:38,200 --> 00:28:41,480 Speaker 14: it is. It's not the way the government should operate. 554 00:28:41,520 --> 00:28:44,520 Speaker 14: Of course, I go back to different maybe a different 555 00:28:44,520 --> 00:28:48,280 Speaker 14: time and place on Capitol Hill where we we had differences, 556 00:28:48,280 --> 00:28:50,560 Speaker 14: but we worked out those differences and put the countries 557 00:28:51,480 --> 00:28:52,200 Speaker 14: best before us. 558 00:28:52,240 --> 00:28:54,560 Speaker 2: Well, it's because of your experience in that time and 559 00:28:54,600 --> 00:28:57,280 Speaker 2: place that we enjoy talking with you, because that's the 560 00:28:57,280 --> 00:29:01,040 Speaker 2: perspective we need now. Bill Hogland, the Bible Partisan Policy Center, 561 00:29:01,040 --> 00:29:03,440 Speaker 2: Thanks as always for the insights. I'm Joe Matthew. This 562 00:29:03,520 --> 00:29:04,120 Speaker 2: is Bloomberg. 563 00:29:05,160 --> 00:29:08,640 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us 564 00:29:08,680 --> 00:29:10,600 Speaker 1: live weekdays at one Eastern on. 565 00:29:10,640 --> 00:29:11,720 Speaker 6: Bloomberg dot Com. 566 00:29:11,760 --> 00:29:14,840 Speaker 1: The iHeartRadio app and the Bloomberg Business App, or listen 567 00:29:14,880 --> 00:29:17,080 Speaker 1: non demand wherever you get your podcasts. 568 00:29:18,280 --> 00:29:21,000 Speaker 2: A very difficult path ahead for potentially funding the government. 569 00:29:21,040 --> 00:29:23,440 Speaker 2: We assemble our panel, Rick Davis and Jeanie Schanzeno or 570 00:29:23,480 --> 00:29:27,280 Speaker 2: with us Bloomberg Politics contributors as Kevin McCarthy. The Speaker 571 00:29:27,280 --> 00:29:31,400 Speaker 2: of the House laments those in his own Republican conference 572 00:29:31,400 --> 00:29:35,120 Speaker 2: who he says, want to torch the place. This is 573 00:29:35,160 --> 00:29:38,640 Speaker 2: the speaker coming out of the failed vote yesterday to 574 00:29:38,680 --> 00:29:40,680 Speaker 2: try to begin debate on a defense spending bill. 575 00:29:40,800 --> 00:29:43,680 Speaker 5: I don't understand why anybody votes against bringing the idea 576 00:29:43,920 --> 00:29:46,600 Speaker 5: and having the debate, and then you've got all the amendments. 577 00:29:46,600 --> 00:29:48,480 Speaker 6: If you don't like to build. This is a whole 578 00:29:48,520 --> 00:29:49,600 Speaker 6: new concept. 579 00:29:49,160 --> 00:29:51,400 Speaker 2: Of individuals that just want to burn the whole place down. 580 00:29:51,880 --> 00:29:57,200 Speaker 2: It doesn't work, Rick Davis, the Speaker is perplexed. Is 581 00:29:57,240 --> 00:29:58,240 Speaker 2: he out of control? 582 00:29:58,920 --> 00:30:00,920 Speaker 7: Is the Speaker out of control? Or is the caucus 583 00:30:00,920 --> 00:30:04,600 Speaker 7: out of control? You know, I think the speaker. The 584 00:30:04,640 --> 00:30:09,200 Speaker 7: Speaker is angry because the caucus is not keeping its 585 00:30:09,320 --> 00:30:12,960 Speaker 7: deals intact. So I don't blame him. I think this 586 00:30:13,040 --> 00:30:16,920 Speaker 7: is really outrageous that you know, you have veterans voting 587 00:30:16,960 --> 00:30:21,160 Speaker 7: against the consideration of the Defense Appropriations Bill. I mean, like, 588 00:30:21,440 --> 00:30:24,480 Speaker 7: I've never seen anything like this, either in the Republican 589 00:30:24,520 --> 00:30:27,480 Speaker 7: Party or the Democratic Party, and and it's put the 590 00:30:27,480 --> 00:30:30,080 Speaker 7: Speaker in a really tight spot. Now they have no 591 00:30:30,120 --> 00:30:32,720 Speaker 7: idea what to bring up next week, the Defense Authorization, 592 00:30:33,360 --> 00:30:36,880 Speaker 7: you know, DHS, you know, agriculture. I mean, like, he's 593 00:30:36,880 --> 00:30:38,360 Speaker 7: got to figure out what he's going to do. But 594 00:30:38,440 --> 00:30:41,440 Speaker 7: I was so glad you had Bill Hoglan on because 595 00:30:41,440 --> 00:30:44,920 Speaker 7: he really has the scoop, which is, you know, the 596 00:30:44,960 --> 00:30:48,440 Speaker 7: Senate's going to hollow out this revenue bill only kind 597 00:30:48,480 --> 00:30:52,360 Speaker 7: of way. Only way you can vote on a CR 598 00:30:52,520 --> 00:30:54,440 Speaker 7: is through a revenue bill, and the only way to 599 00:30:54,480 --> 00:30:56,240 Speaker 7: do it is a House has to start it. So 600 00:30:56,440 --> 00:31:00,480 Speaker 7: House sends them, you know, the FAA reauthorization turned into 601 00:31:00,480 --> 00:31:03,040 Speaker 7: the CR. So you're gonna have a CR potentially on 602 00:31:03,080 --> 00:31:08,320 Speaker 7: the floor in the House next week, and one that 603 00:31:08,400 --> 00:31:11,760 Speaker 7: Democrats will vote on. So the question then is, yes, well, 604 00:31:11,840 --> 00:31:14,479 Speaker 7: McCarthy actually take a vote on that bill. I mean, like, 605 00:31:14,560 --> 00:31:17,280 Speaker 7: so the coccus doesn't want to vote on defense, and 606 00:31:17,440 --> 00:31:20,440 Speaker 7: is macarthy gonna want to vote on a bipartisan CR. 607 00:31:20,760 --> 00:31:23,000 Speaker 7: It's just going to be really fascinating and. 608 00:31:23,000 --> 00:31:25,680 Speaker 2: Of course, if the votes on a bipartisan cr which 609 00:31:25,720 --> 00:31:28,400 Speaker 2: we're now expecting to come from the sena genie guys 610 00:31:28,440 --> 00:31:30,520 Speaker 2: like Matt Gates are promising a motion to vacate and 611 00:31:30,520 --> 00:31:33,000 Speaker 2: they think they can get him fired the other fear 612 00:31:33,040 --> 00:31:36,280 Speaker 2: By the way, if you ask Matt Gates at least, 613 00:31:37,080 --> 00:31:39,760 Speaker 2: who does not want any part of a stopgap solution here, 614 00:31:39,760 --> 00:31:42,440 Speaker 2: and I think is girding for a shutdown or encouraging 615 00:31:42,480 --> 00:31:46,600 Speaker 2: a shutdown? Is this discharge petition the idea that there'd 616 00:31:46,600 --> 00:31:49,080 Speaker 2: be a workaround to bring this to the floor by 617 00:31:49,160 --> 00:31:52,200 Speaker 2: House members. And I had to we actually actually bleep 618 00:31:52,280 --> 00:31:56,320 Speaker 2: what he said on the TIM cast about this last evening. 619 00:31:56,360 --> 00:31:59,760 Speaker 2: Listen to what's worrying Matt Gates of Florida. 620 00:32:00,080 --> 00:32:04,280 Speaker 15: What the thread is is that five you know, liberal 621 00:32:04,400 --> 00:32:07,240 Speaker 15: or moderate Republicans could just say, we don't want to 622 00:32:07,240 --> 00:32:09,120 Speaker 15: do the single subject bills. We don't want to go 623 00:32:09,160 --> 00:32:11,400 Speaker 15: through the pain of doing the cuts to foreign aid 624 00:32:11,520 --> 00:32:13,800 Speaker 15: or to food stamps or anything like that. So we're 625 00:32:13,840 --> 00:32:16,800 Speaker 15: just going to go sign what's called a discharge petition 626 00:32:17,200 --> 00:32:20,520 Speaker 15: and then just move that thing like through like s 627 00:32:20,680 --> 00:32:21,520 Speaker 15: through a goose. 628 00:32:21,640 --> 00:32:24,520 Speaker 2: He says on a microphone in front of a camera, Genie. 629 00:32:24,680 --> 00:32:26,880 Speaker 2: I'm really starting to think it's time to just remake 630 00:32:26,920 --> 00:32:29,400 Speaker 2: Schoolhouse Rock here. I've been learning more about the legislative 631 00:32:29,440 --> 00:32:32,160 Speaker 2: process these past couple of weeks than I ever imagined, 632 00:32:32,200 --> 00:32:32,680 Speaker 2: how about you? 633 00:32:33,080 --> 00:32:35,600 Speaker 10: Oh yeah, and I've never heard that s through the 634 00:32:35,600 --> 00:32:40,720 Speaker 10: goose either, so I'm learning all kinds of either. Thank you, Joe. 635 00:32:41,160 --> 00:32:44,520 Speaker 10: And you know, it's it's interesting to listen to Matt 636 00:32:44,560 --> 00:32:49,520 Speaker 10: Gates bemoan the fact that a few loan representatives, maybe 637 00:32:49,560 --> 00:32:51,880 Speaker 10: as few as four or five as he says, might 638 00:32:52,000 --> 00:32:54,920 Speaker 10: pulled up the process of regular order. I mean, it 639 00:32:54,960 --> 00:32:58,120 Speaker 10: is it is just fascinating to listen to the hypocrisy 640 00:32:58,200 --> 00:33:01,960 Speaker 10: come from Matt Gates. Reality is, if they wanted to 641 00:33:02,080 --> 00:33:05,960 Speaker 10: engage in consideration of these bills, they couldn't wait till 642 00:33:06,040 --> 00:33:09,239 Speaker 10: eight nine days before the government shuts down to do 643 00:33:09,320 --> 00:33:13,280 Speaker 10: that and oppose even a continuing resolution, so you could 644 00:33:13,360 --> 00:33:16,360 Speaker 10: keep the government open and then have these sort of 645 00:33:17,040 --> 00:33:20,920 Speaker 10: you know, considerations and sort of something akin to normal order. 646 00:33:21,400 --> 00:33:21,640 Speaker 6: You know. 647 00:33:21,760 --> 00:33:24,600 Speaker 10: And I think my biggest fear, because we're listening to 648 00:33:24,640 --> 00:33:27,480 Speaker 10: Matt Gates, so I'm going to add mine, my biggest 649 00:33:27,480 --> 00:33:30,520 Speaker 10: fear is that we are playing by old rules. We 650 00:33:30,600 --> 00:33:34,000 Speaker 10: are playing by pre Trump rules, and I think one 651 00:33:34,000 --> 00:33:38,480 Speaker 10: thing Democrats have to consider is that whereas these shutdowns 652 00:33:38,520 --> 00:33:42,040 Speaker 10: have traditionally hurt Republicans, and I think they will continue to. 653 00:33:42,640 --> 00:33:46,200 Speaker 10: Donald Trump has been pushing for chaos everywhere he can 654 00:33:46,240 --> 00:33:50,000 Speaker 10: find it. In the House is another place in Congress. 655 00:33:50,320 --> 00:33:52,920 Speaker 10: He wants this shutdown because he wants to make the 656 00:33:52,960 --> 00:33:56,960 Speaker 10: case that under Joe Biden, who he describes as incompetent, 657 00:33:57,440 --> 00:34:01,120 Speaker 10: the government has resulted in chaos, whether it's the southern 658 00:34:01,160 --> 00:34:04,920 Speaker 10: border smash and grabs, crime, and in terms of basic 659 00:34:05,080 --> 00:34:08,640 Speaker 10: governance like budgeting. So I am really concerned that I 660 00:34:08,640 --> 00:34:11,960 Speaker 10: think Democrats should be as well, that this does not 661 00:34:12,120 --> 00:34:15,600 Speaker 10: just hurt Republicans, but it ends up hurting the Biden administration, 662 00:34:15,719 --> 00:34:19,040 Speaker 10: the Biden campaign, just as Donald Trump has been pushing 663 00:34:19,080 --> 00:34:22,239 Speaker 10: for and intended to. And that is new stakes in 664 00:34:22,320 --> 00:34:23,680 Speaker 10: this game that they're playing. 665 00:34:24,960 --> 00:34:27,440 Speaker 2: Rick, I know you're not a big fan of Matt Gates. 666 00:34:27,480 --> 00:34:29,799 Speaker 2: I'll let you speak to that if you want to. 667 00:34:29,840 --> 00:34:32,440 Speaker 2: But is there an element of what he is saying 668 00:34:33,320 --> 00:34:36,319 Speaker 2: that actually rings true when it comes to regular order 669 00:34:36,360 --> 00:34:40,759 Speaker 2: when he talks about single issue spending bills. Does he 670 00:34:40,880 --> 00:34:44,480 Speaker 2: feel burned by Kevin McCarthy who promised regular order or 671 00:34:44,560 --> 00:34:47,640 Speaker 2: is this just bad behavior? Sign the cr and keep 672 00:34:47,680 --> 00:34:48,440 Speaker 2: the government open. 673 00:34:49,360 --> 00:34:52,400 Speaker 7: Well, I mean he's been on the group who have 674 00:34:52,520 --> 00:34:56,480 Speaker 7: been voting against appropriations bills which are being brought up 675 00:34:56,520 --> 00:35:00,440 Speaker 7: in regular order after committees have approved them. And uh 676 00:35:00,480 --> 00:35:02,920 Speaker 7: so it is a bit hypocritical that he would then 677 00:35:03,600 --> 00:35:07,000 Speaker 7: claim that anybody else who would actually try to skirt 678 00:35:07,080 --> 00:35:12,520 Speaker 7: his influence, you know, by using a different legislative rule, 679 00:35:14,080 --> 00:35:16,080 Speaker 7: you know, I mean that's just selfish, right. I mean, 680 00:35:16,440 --> 00:35:18,839 Speaker 7: of course, if he's going to be, along with five 681 00:35:18,920 --> 00:35:24,439 Speaker 7: other Freedom Caucus members obstructing regular order, then then people 682 00:35:24,440 --> 00:35:26,200 Speaker 7: are going to look for other avenues to get their 683 00:35:26,520 --> 00:35:27,880 Speaker 7: their legislation passed. 684 00:35:28,880 --> 00:35:31,200 Speaker 2: Do you think Bill Holan is right and that Democrats 685 00:35:31,280 --> 00:35:33,399 Speaker 2: might turn away or not show up for a vote 686 00:35:33,440 --> 00:35:35,520 Speaker 2: if there was a motion to vacate to you know, 687 00:35:35,640 --> 00:35:39,000 Speaker 2: kind of indirectly support Speaker McCarthy. 688 00:35:39,719 --> 00:35:40,359 Speaker 6: Yeah, for sure. 689 00:35:40,440 --> 00:35:42,600 Speaker 7: I mean the Democrats don't want to open this up 690 00:35:42,640 --> 00:35:48,280 Speaker 7: to potentially, you know, some other much more unattractive speaker candidate, 691 00:35:48,360 --> 00:35:52,120 Speaker 7: you know, who will try to reorganize the Republican Caucus. 692 00:35:52,160 --> 00:35:54,840 Speaker 7: So yeah, I mean they'll just walk off the floor 693 00:35:54,880 --> 00:35:58,279 Speaker 7: and make it a different kind of vote, and and so. 694 00:35:58,440 --> 00:35:58,800 Speaker 6: All of this. 695 00:36:00,080 --> 00:36:04,040 Speaker 7: I've always thought the easy yes in the negotiation that 696 00:36:04,080 --> 00:36:07,279 Speaker 7: the Speaker had with the right wing mega guys, you know, 697 00:36:07,360 --> 00:36:10,080 Speaker 7: getting the Speaker's job was to give them this option 698 00:36:10,200 --> 00:36:14,480 Speaker 7: because the reality is they may try to take the vote, 699 00:36:14,480 --> 00:36:17,120 Speaker 7: but it's not going to result in his ouster. I mean, like, 700 00:36:17,440 --> 00:36:19,680 Speaker 7: there's a difference between taking a vote and actually throwing 701 00:36:19,680 --> 00:36:22,359 Speaker 7: the speaker out. And in this case, I think there's 702 00:36:22,400 --> 00:36:27,960 Speaker 7: a zero chance that if they do it, that Kevin 703 00:36:28,000 --> 00:36:30,800 Speaker 7: McCarthy doesn't wake up the next day showing how hollow 704 00:36:30,920 --> 00:36:33,680 Speaker 7: this is for them. Right, It only works if they 705 00:36:33,800 --> 00:36:36,960 Speaker 7: actually never force the vote, right, because then they have influence. 706 00:36:37,239 --> 00:36:39,160 Speaker 7: If they vote and they can't get rid of them, 707 00:36:39,400 --> 00:36:40,200 Speaker 7: then they're dead. 708 00:36:40,320 --> 00:36:40,520 Speaker 6: Right. 709 00:36:40,640 --> 00:36:44,400 Speaker 7: Then the reality is it was a hollow argument. 710 00:36:45,600 --> 00:36:47,560 Speaker 2: How about that, Genie. I've got to ask you about 711 00:36:47,560 --> 00:36:53,360 Speaker 2: the union the UAW today scaling up these strikes against 712 00:36:53,440 --> 00:36:55,560 Speaker 2: the Big Three. Well, I should be more specific, it's 713 00:36:55,600 --> 00:36:58,239 Speaker 2: against two of the Big three. We had a noon 714 00:36:58,280 --> 00:37:00,360 Speaker 2: deadline today, as you know, Sean fan and made the 715 00:37:00,400 --> 00:37:02,680 Speaker 2: announcement before hei noon. 716 00:37:02,760 --> 00:37:06,080 Speaker 4: We still have serious issues to work through, but we 717 00:37:06,120 --> 00:37:08,799 Speaker 4: do want to recognize that Ford is showing that they're 718 00:37:08,880 --> 00:37:14,399 Speaker 4: serious about reaching a deal. GMS solanis It's a different. 719 00:37:14,040 --> 00:37:18,160 Speaker 2: Story, different story either way. Donald Trump will be there 720 00:37:18,160 --> 00:37:21,640 Speaker 2: to speak to all of them next week, Genie. And 721 00:37:21,680 --> 00:37:24,399 Speaker 2: now Sean Fain thinks that Joe Biden ought to come 722 00:37:25,000 --> 00:37:28,040 Speaker 2: speak to union members. Is he right as the president 723 00:37:28,080 --> 00:37:28,840 Speaker 2: head for Detroit. 724 00:37:29,360 --> 00:37:31,480 Speaker 10: You know, the president has to walk a fine line. 725 00:37:31,560 --> 00:37:35,480 Speaker 10: I think he has issued very strong support for the strikers. 726 00:37:35,640 --> 00:37:39,080 Speaker 10: I think that some of us were surprised by how 727 00:37:39,160 --> 00:37:43,120 Speaker 10: strong he was in his language, and I too was struck, 728 00:37:43,239 --> 00:37:46,080 Speaker 10: like Bill said, by the fact that Fain just last 729 00:37:46,080 --> 00:37:49,720 Speaker 10: weekend on CBS Sunday Show said, you know, the president 730 00:37:49,760 --> 00:37:52,320 Speaker 10: the administration should stay out of it. Now he seems 731 00:37:52,320 --> 00:37:54,719 Speaker 10: to have changed that. I think in part that may 732 00:37:54,760 --> 00:37:58,480 Speaker 10: be a response to Donald Trump's decision to go and 733 00:37:58,560 --> 00:38:01,440 Speaker 10: to speak to workers. But I think we should caution 734 00:38:01,600 --> 00:38:05,719 Speaker 10: everybody against this idea that workers will naturally line up 735 00:38:05,760 --> 00:38:10,440 Speaker 10: with Donald Trump. The reality is the workers elected Sean Faine. 736 00:38:10,600 --> 00:38:14,239 Speaker 10: This is a new UAW under Sean Fain, and if 737 00:38:14,239 --> 00:38:18,239 Speaker 10: they feel well represented by him, they may follow the leadership, 738 00:38:18,320 --> 00:38:20,680 Speaker 10: or enough of them may follow the leadership if they 739 00:38:20,760 --> 00:38:24,080 Speaker 10: choose to endorse Biden, which of course they haven't done yet. 740 00:38:24,800 --> 00:38:27,680 Speaker 2: Well, of course, Donald Trump will be skipping the Republican 741 00:38:27,719 --> 00:38:30,400 Speaker 2: debate next week, apparently to do that in Detroit. We 742 00:38:30,400 --> 00:38:32,440 Speaker 2: don't know if the President will join him, but we'll 743 00:38:32,440 --> 00:38:34,160 Speaker 2: have a lot more with our panel on this next 744 00:38:34,200 --> 00:38:36,160 Speaker 2: as we look ahead to the debate and new numbers 745 00:38:36,160 --> 00:38:38,879 Speaker 2: out of New Hampshire today that could be meaningful. We'll 746 00:38:38,920 --> 00:38:40,440 Speaker 2: talk about it with Rick and Genie. 747 00:38:41,280 --> 00:38:44,680 Speaker 1: You're listening to the Bloomberg Sound On podcast. Catch the 748 00:38:44,680 --> 00:38:47,440 Speaker 1: program live weekdays at one Eastern. 749 00:38:47,239 --> 00:38:50,640 Speaker 9: On Bloomberg Radio, the tune in APF, Bloomberg dot Com, and. 750 00:38:50,640 --> 00:38:51,959 Speaker 6: The Bloomberg Business app. 751 00:38:52,120 --> 00:38:54,960 Speaker 1: You can also listen live on Amazon Alexa from our 752 00:38:55,000 --> 00:39:00,120 Speaker 1: flagship New York station, Just say Alexa play Bloomberg eleven thirty. 753 00:39:01,400 --> 00:39:05,840 Speaker 2: Sean Faine, the President of the UAW, denounced Donald Trump's 754 00:39:05,840 --> 00:39:08,680 Speaker 2: plan to visit Detroit and talk to the auto workers 755 00:39:08,719 --> 00:39:12,920 Speaker 2: next week. That's his plan to counter program the Republican debate. 756 00:39:13,000 --> 00:39:16,839 Speaker 2: But Sean Fain now says that Joe Biden should come. 757 00:39:16,880 --> 00:39:20,080 Speaker 2: He's inviting the President to join striking workers on the 758 00:39:20,120 --> 00:39:22,640 Speaker 2: picket line as they ratchet up the strikes here against 759 00:39:22,640 --> 00:39:26,000 Speaker 2: GM and STILLANTIS that's the update. Knowing we had this 760 00:39:26,560 --> 00:39:30,600 Speaker 2: high noon deadline today, not good for GM and Stlantis, 761 00:39:30,840 --> 00:39:34,359 Speaker 2: I guess not worse for Ford, who, as you've been 762 00:39:34,360 --> 00:39:37,320 Speaker 2: hearing from Charlie Pellett watching share his rise today because 763 00:39:37,400 --> 00:39:40,560 Speaker 2: Ford will not get an escalated strike. Let's reassemble the 764 00:39:40,560 --> 00:39:43,280 Speaker 2: panel for a little bit more on this. Rick Davis 765 00:39:43,280 --> 00:39:47,600 Speaker 2: and Jeanie Shanzano joined Bloomberg Politics contributors. We had Genie 766 00:39:47,600 --> 00:39:49,520 Speaker 2: Way in first. Rick, I'd like to hear from you 767 00:39:49,920 --> 00:39:52,520 Speaker 2: on this and whether you think Joe Biden should seize 768 00:39:52,520 --> 00:39:55,560 Speaker 2: the opportunity here because we all know Donald Trump is. 769 00:39:56,080 --> 00:39:59,480 Speaker 7: Yeah, I think Joe Biden should go to Detroit. He 770 00:39:59,480 --> 00:40:01,920 Speaker 7: should be talk talking to the UAW guys. He should 771 00:40:02,000 --> 00:40:04,640 Speaker 7: not have let Donald Trump get around him. I think 772 00:40:04,680 --> 00:40:08,600 Speaker 7: it was a pretty sloppy political move by the Democrats 773 00:40:08,680 --> 00:40:12,480 Speaker 7: to uh not see that coming. It's a perfect option 774 00:40:12,640 --> 00:40:17,359 Speaker 7: for Donald Trump, good excuse to skip the the debate, uh, 775 00:40:17,400 --> 00:40:20,640 Speaker 7: to go talk to these guys. And obviously it's a misma, 776 00:40:20,920 --> 00:40:24,600 Speaker 7: mixed match of you know, retired and active union members, 777 00:40:24,600 --> 00:40:26,839 Speaker 7: so he's just putting together an event. It's not really 778 00:40:26,840 --> 00:40:29,800 Speaker 7: going there to talk to the u A W and 779 00:40:29,800 --> 00:40:31,840 Speaker 7: and Biden has made a career out of being the 780 00:40:32,400 --> 00:40:36,719 Speaker 7: pro labor candidate. Uh, you know, and so he's got 781 00:40:36,760 --> 00:40:39,480 Speaker 7: a he's got to brandish that credential. There's nothing in 782 00:40:39,520 --> 00:40:42,880 Speaker 7: it for him to be sort of nice to the 783 00:40:42,920 --> 00:40:47,479 Speaker 7: corporations at this stage. And uh, why not politically join 784 00:40:47,560 --> 00:40:51,280 Speaker 7: the right protests and say, like, you know, I feel 785 00:40:51,280 --> 00:40:54,359 Speaker 7: for the blue collar workers who are getting abused by 786 00:40:54,400 --> 00:40:56,400 Speaker 7: the corporations. I mean, like, to me, this is just 787 00:40:56,440 --> 00:40:57,960 Speaker 7: a no brainer. I mean, I don't know if it's 788 00:40:57,960 --> 00:40:59,920 Speaker 7: good public policy, but it's great politics. 789 00:41:00,280 --> 00:41:02,759 Speaker 2: Yeah. Well, yeah, imagine the image is Genie. I know 790 00:41:02,800 --> 00:41:06,680 Speaker 2: you think that this is a delicate equation for Joe Biden, 791 00:41:07,120 --> 00:41:10,800 Speaker 2: But imagine him arm in arm right, leading the charge. 792 00:41:10,880 --> 00:41:13,279 Speaker 2: She's got the megaphone in his hand, a fist in 793 00:41:13,320 --> 00:41:15,919 Speaker 2: the air. Is that not exactly what he needs? Now? 794 00:41:16,400 --> 00:41:19,160 Speaker 10: Well, you know, I'm not sure he needs exactly that, 795 00:41:19,400 --> 00:41:23,360 Speaker 10: because he's also president of the United States. He's responsible 796 00:41:23,480 --> 00:41:27,680 Speaker 10: for a stable economy, and striking against the Big Three 797 00:41:27,880 --> 00:41:31,840 Speaker 10: can be interpreted by many people as something that is 798 00:41:31,880 --> 00:41:35,200 Speaker 10: disruptive to the economy at a time when inflation is high. 799 00:41:35,560 --> 00:41:38,440 Speaker 10: But you know, I think he does have a difficult 800 00:41:38,480 --> 00:41:42,279 Speaker 10: line to walk as anybody does. It's far easier. It's 801 00:41:42,320 --> 00:41:45,880 Speaker 10: not easy, but easier to run for office and to 802 00:41:46,080 --> 00:41:50,000 Speaker 10: slam everybody who's in control and power. But somebody like 803 00:41:50,080 --> 00:41:54,480 Speaker 10: Joe Biden who is president, has duel responsibilities, multiple and 804 00:41:54,520 --> 00:41:57,400 Speaker 10: a big one is to the economy. So you know, 805 00:41:57,600 --> 00:41:59,960 Speaker 10: there is that. But I think that he did make 806 00:42:00,160 --> 00:42:05,560 Speaker 10: a very powerful statement last Friday in support of the union, 807 00:42:05,600 --> 00:42:08,600 Speaker 10: and the fact that Sean Fain is inviting him to 808 00:42:08,719 --> 00:42:12,120 Speaker 10: go visit with union workers is testimony to that. I mean, 809 00:42:12,160 --> 00:42:14,160 Speaker 10: there were some people who heard what the President said 810 00:42:14,200 --> 00:42:17,839 Speaker 10: last week and said he sounded a bit like Bernie Sanders, 811 00:42:18,040 --> 00:42:20,759 Speaker 10: maybe with a little less energy, right, you know, his 812 00:42:20,880 --> 00:42:24,680 Speaker 10: statement was very strong, so you know, you know, and 813 00:42:24,800 --> 00:42:28,120 Speaker 10: the piece that you played earlier on in the hour 814 00:42:28,520 --> 00:42:31,400 Speaker 10: that they put out there, those are Republicans doing this. 815 00:42:31,800 --> 00:42:36,720 Speaker 10: It is Donald Trump chasing Joe Biden's supporters. Donald Trump 816 00:42:36,800 --> 00:42:39,200 Speaker 10: is trying to be a friend of the workers that 817 00:42:39,320 --> 00:42:41,879 Speaker 10: Joe Biden has not just been in the last week 818 00:42:41,920 --> 00:42:45,200 Speaker 10: for political reasons, but throughout his entire career. So I 819 00:42:45,280 --> 00:42:48,080 Speaker 10: think that Joe Biden has an upper hand on this, 820 00:42:48,440 --> 00:42:51,600 Speaker 10: and he has to remember first and foremost his responsibility 821 00:42:51,600 --> 00:42:55,040 Speaker 10: as president to both the economy and to support the workers, 822 00:42:55,080 --> 00:42:56,879 Speaker 10: and I think he can do both well. 823 00:42:56,920 --> 00:42:59,520 Speaker 2: He's got the upper hand in the latest pulls out 824 00:42:59,560 --> 00:43:02,239 Speaker 2: of New hand Hampshire. These new numbers are from CNN 825 00:43:02,640 --> 00:43:04,960 Speaker 2: and the University of New Hampshire Survey Center. This is 826 00:43:04,960 --> 00:43:08,880 Speaker 2: the Granite State Poll, a sample of about two thousand 827 00:43:09,920 --> 00:43:11,799 Speaker 2: in the Granite State Poll. And my goodness, these are 828 00:43:11,880 --> 00:43:15,640 Speaker 2: hypotheticals for the general election between Joe Biden and every 829 00:43:16,000 --> 00:43:18,480 Speaker 2: Republican candidate who's going to be on stage next week, 830 00:43:18,480 --> 00:43:21,320 Speaker 2: plus Donald Trump. Rick. I know you don't have a 831 00:43:21,360 --> 00:43:23,400 Speaker 2: lot of time for hypotheticals at this stage of the 832 00:43:23,400 --> 00:43:26,239 Speaker 2: game here, but this is New Hampshire. It's unh and 833 00:43:26,280 --> 00:43:29,560 Speaker 2: when you look at these numbers, my goodness, not good 834 00:43:29,600 --> 00:43:32,880 Speaker 2: for Donald Trump. Joe Biden beats him by twelve. He 835 00:43:32,920 --> 00:43:37,520 Speaker 2: beats DeSantis by seventeen, same as Ramaswami beats Haley by sixteen, 836 00:43:37,600 --> 00:43:40,880 Speaker 2: Pence by twenty nine, Christy by twenty four, and Scott 837 00:43:40,920 --> 00:43:42,839 Speaker 2: by thirteen. What do these numbers tell you? 838 00:43:43,600 --> 00:43:45,840 Speaker 7: Yeah, well, I think you focus in on the Biden 839 00:43:45,960 --> 00:43:49,440 Speaker 7: Trump matchup because they run against each other. In New Hampshire. 840 00:43:50,000 --> 00:43:51,680 Speaker 7: There are a lot of Republicans who think New Hampshire 841 00:43:51,719 --> 00:43:55,000 Speaker 7: is a swing state, and I think that it's a 842 00:43:55,160 --> 00:43:57,920 Speaker 7: legitimate poll at that stage. I mean, the rest of 843 00:43:57,920 --> 00:44:00,000 Speaker 7: them don't have enough name mighty and haven't campaign enough, 844 00:44:00,120 --> 00:44:03,319 Speaker 7: so it's very hard to make comparisons. But this Trump 845 00:44:03,440 --> 00:44:07,040 Speaker 7: number is bad because everything that Biden's getting is motivated 846 00:44:07,040 --> 00:44:10,440 Speaker 7: by Trump. The intensity that Biden's voters give him is 847 00:44:10,480 --> 00:44:12,239 Speaker 7: because they don't want Trump to be president, not that 848 00:44:12,239 --> 00:44:14,120 Speaker 7: they want him to be president. They don't want Trump. 849 00:44:14,800 --> 00:44:18,160 Speaker 7: Trump's negatives are really what's driving his numbers down. I mean, 850 00:44:18,320 --> 00:44:21,640 Speaker 7: up over sixty percent negatives. I mean he's only getting 851 00:44:21,680 --> 00:44:23,960 Speaker 7: a little over seventy percent of his own ballot. I 852 00:44:24,000 --> 00:44:27,480 Speaker 7: mean he is a broken candidate in New Hampshire and 853 00:44:27,600 --> 00:44:31,320 Speaker 7: unless he changes himself, he's got no way to compete 854 00:44:31,360 --> 00:44:32,600 Speaker 7: in New Hampshire, and. 855 00:44:32,560 --> 00:44:35,600 Speaker 2: He beats everyone by more than that, Genie. The Biden 856 00:44:35,680 --> 00:44:38,440 Speaker 2: camp has been in need of some good news. Is 857 00:44:38,480 --> 00:44:38,839 Speaker 2: this it? 858 00:44:39,360 --> 00:44:39,640 Speaker 6: Yeah? 859 00:44:39,640 --> 00:44:42,440 Speaker 10: This is absolutely good news for the Biden camp. And 860 00:44:42,480 --> 00:44:45,600 Speaker 10: I think they are paying close attention to these polls 861 00:44:45,680 --> 00:44:49,920 Speaker 10: because we heard the President speaking to funders and supporters 862 00:44:50,000 --> 00:44:53,560 Speaker 10: in New York and he is really turning his focus 863 00:44:53,640 --> 00:44:57,600 Speaker 10: on Donald Trump. To keep pushing these negatives up, negatives up, 864 00:44:57,840 --> 00:45:01,919 Speaker 10: and his argument is that Donald Trump wants to destroy democracy, 865 00:45:02,000 --> 00:45:06,680 Speaker 10: he wants to increase the chaos and decrease any sense 866 00:45:06,719 --> 00:45:10,640 Speaker 10: of normalcy and proper governance and a democracy. And that 867 00:45:10,840 --> 00:45:14,080 Speaker 10: seems to be resonating with voters who are listening in 868 00:45:14,120 --> 00:45:16,719 Speaker 10: places like New Hampshire. And this is one of the 869 00:45:16,719 --> 00:45:20,480 Speaker 10: striking things about these early state polls. Donald Trump support 870 00:45:20,560 --> 00:45:23,520 Speaker 10: is down about fifteen percent in these early state poles 871 00:45:23,600 --> 00:45:27,960 Speaker 10: versus the national polls. And that's presumably because these voters 872 00:45:28,000 --> 00:45:31,719 Speaker 10: are paying close attention and the voters who are doing 873 00:45:31,760 --> 00:45:34,960 Speaker 10: that are really not happy with what they're hearing from 874 00:45:34,960 --> 00:45:38,640 Speaker 10: Donald Trump. And in New Hampshire in particular, about a 875 00:45:38,760 --> 00:45:42,160 Speaker 10: third of Trump's supporters said they would look elsewhere, So 876 00:45:42,239 --> 00:45:45,640 Speaker 10: that puts his floor down about twenty five percent. Bad 877 00:45:45,680 --> 00:45:48,720 Speaker 10: news for Trump, Donald Trump, good news for Joe Biden 878 00:45:48,760 --> 00:45:51,200 Speaker 10: in these head to heads, And they've got to keep 879 00:45:51,280 --> 00:45:53,680 Speaker 10: making the case that you may not love Joe Biden, 880 00:45:53,920 --> 00:45:55,239 Speaker 10: but look at the alternative. 881 00:45:55,640 --> 00:45:57,160 Speaker 2: Well, I'll say a couple weeks ago we would have 882 00:45:57,160 --> 00:45:59,719 Speaker 2: been obsessing over this DeSantis number as well. Remember when 883 00:45:59,719 --> 00:46:02,239 Speaker 2: dead Antis was the big fear. He's the one who 884 00:46:02,280 --> 00:46:05,880 Speaker 2: actually could beat Joe Biden in a general. He loses 885 00:46:06,000 --> 00:46:09,440 Speaker 2: by seventeen points in New Hampshire according to this poll. 886 00:46:09,719 --> 00:46:12,560 Speaker 2: Some final thoughts next from Rick and Jennie. I'm Joe Matthew. 887 00:46:12,600 --> 00:46:13,560 Speaker 2: This is Bloomberg. 888 00:46:14,719 --> 00:46:18,120 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch the 889 00:46:18,120 --> 00:46:20,800 Speaker 1: program live weekdays at one Eastern. 890 00:46:20,680 --> 00:46:23,880 Speaker 9: On Bloomberg Radio, the tune in app, Bloomberg dot Com, 891 00:46:23,920 --> 00:46:24,239 Speaker 9: and the. 892 00:46:24,160 --> 00:46:25,440 Speaker 6: Bloomberg Business App. 893 00:46:25,560 --> 00:46:28,400 Speaker 1: You can also listen live on Amazon Alexa from our 894 00:46:28,440 --> 00:46:32,920 Speaker 1: flagship New York station. Just say Alexa, play Bloomberg eleven thirty. 895 00:46:34,440 --> 00:46:36,920 Speaker 2: We hear a lot about crime in major cities these days, 896 00:46:37,600 --> 00:46:40,080 Speaker 2: and in New York they've got a new tool to 897 00:46:40,200 --> 00:46:42,400 Speaker 2: help the police. They rolled it out today. Unveil this 898 00:46:42,520 --> 00:46:48,160 Speaker 2: today is called K five, a drone. Mayor Eric Adams 899 00:46:48,160 --> 00:46:50,839 Speaker 2: helped to unveil this piece of drone technology that will 900 00:46:50,880 --> 00:46:55,640 Speaker 2: help patrol New York's busiest subway stations. Yes, New York 901 00:46:56,320 --> 00:46:57,879 Speaker 2: now has a RoboCop. 902 00:46:58,320 --> 00:47:00,000 Speaker 6: This is a good investment. 903 00:47:00,280 --> 00:47:01,280 Speaker 2: Tax pays dollars. 904 00:47:01,360 --> 00:47:03,080 Speaker 16: And I'm hoping you're gonna put a line in your 905 00:47:03,120 --> 00:47:06,600 Speaker 16: story how cosse efficient I am, because I should get 906 00:47:06,640 --> 00:47:11,080 Speaker 16: that this is below minimum wage. You know, no bathroom breaks, 907 00:47:12,000 --> 00:47:13,400 Speaker 16: no meal breaks. 908 00:47:14,719 --> 00:47:19,879 Speaker 2: No bathroom breaks, no mirror breaks. But ready to deliver justice. 909 00:47:20,200 --> 00:47:29,040 Speaker 6: Robert, that are alive? You are coming with me? That's right. 910 00:47:29,400 --> 00:47:33,960 Speaker 2: It is now our reality, Ladies and gentlemen. RoboCop is 911 00:47:34,000 --> 00:47:37,400 Speaker 2: among us. Rick Davis and Genie Shanzeno. I'm gonna have 912 00:47:37,440 --> 00:47:38,600 Speaker 2: to think twice. I guess when I go. 913 00:47:38,560 --> 00:47:38,960 Speaker 6: To New York. 914 00:47:39,000 --> 00:47:41,160 Speaker 2: Genie, you're a New Yorker, there's gonna be a cop 915 00:47:41,239 --> 00:47:45,200 Speaker 2: walking along with the RoboCop. Does this bring justice to 916 00:47:45,280 --> 00:47:46,240 Speaker 2: New York subways? 917 00:47:47,600 --> 00:47:47,839 Speaker 7: Well? 918 00:47:47,920 --> 00:47:49,920 Speaker 10: I certainly hope so. But I have to tell you. 919 00:47:50,000 --> 00:47:52,760 Speaker 10: I shot at stop and Shop sometime and they have Murdy, 920 00:47:52,800 --> 00:47:56,560 Speaker 10: the robot who's early similar to this robot. 921 00:47:56,480 --> 00:47:57,919 Speaker 2: And he always yeah me out. 922 00:47:58,000 --> 00:48:00,160 Speaker 10: So I don't know if I'm gonna feel safe. Are 923 00:48:00,200 --> 00:48:02,839 Speaker 10: more freaked out? And nine dollars an hour they get 924 00:48:02,880 --> 00:48:05,759 Speaker 10: to Lisen, he should at least be paid more per hour. 925 00:48:05,880 --> 00:48:07,800 Speaker 10: That's not even minimum wage. 926 00:48:08,400 --> 00:48:10,040 Speaker 2: You make that sound like a deterrent. 927 00:48:10,120 --> 00:48:10,279 Speaker 6: Rick. 928 00:48:10,320 --> 00:48:11,719 Speaker 2: I don't know about you. If you saw one of 929 00:48:11,760 --> 00:48:13,680 Speaker 2: these things come in your way, would you turn and run? 930 00:48:13,719 --> 00:48:15,440 Speaker 2: I feel like there's enough to worry about already in 931 00:48:15,480 --> 00:48:15,879 Speaker 2: New York. 932 00:48:16,920 --> 00:48:19,759 Speaker 7: Uh yeah, I'm anti RoboCop because you know what that 933 00:48:19,840 --> 00:48:23,799 Speaker 7: leads to roboth. I mean like what I mean like, 934 00:48:23,960 --> 00:48:26,319 Speaker 7: is this an escalation thing? I mean like, you know, 935 00:48:26,360 --> 00:48:29,760 Speaker 7: the police get a robo. The cops are the criminals 936 00:48:29,800 --> 00:48:32,200 Speaker 7: get a robo? I mean, like we're all gonna be 937 00:48:32,280 --> 00:48:35,120 Speaker 7: like just staying in our homes while the robos fight 938 00:48:35,160 --> 00:48:37,920 Speaker 7: it out on the street. I mean, I'm I'm not 939 00:48:37,960 --> 00:48:39,480 Speaker 7: sure progress is a good thing. 940 00:48:40,840 --> 00:48:42,719 Speaker 2: Leave it to Rick and Jeanie to help us get 941 00:48:42,760 --> 00:48:46,080 Speaker 2: to the bottom of this. Absolutely, yes, K five it 942 00:48:46,120 --> 00:48:49,040 Speaker 2: needs a friendlier name. By the way, it's taking pictures 943 00:48:49,040 --> 00:48:52,400 Speaker 2: in video of you but not audio and no facial recognition. 944 00:48:53,880 --> 00:48:55,880 Speaker 2: I think turn and run is going to be the 945 00:48:55,920 --> 00:49:01,400 Speaker 2: answer for me. Thanks for listening to The Sound On podcast. 946 00:49:01,480 --> 00:49:04,600 Speaker 2: Make sure to subscribe if you haven't already, at Apple, Spotify, 947 00:49:04,680 --> 00:49:07,120 Speaker 2: and anywhere else you get your podcasts, and you can 948 00:49:07,120 --> 00:49:10,120 Speaker 2: find us live every weekday from Washington, DC at one 949 00:49:10,160 --> 00:49:14,360 Speaker 2: pm Eastern Time at Bloomberg dot com.