WEBVTT - Instant Reaction: Donald Trump Indictment

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<v Speaker 1>And we begin with the news on former President Trump

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<v Speaker 1>saying his attorneys have told him that he's been indicted

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<v Speaker 1>indicted over the document's case. At Baxter, I know this

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<v Speaker 1>is just breaking now you're in the Bloomberg newsroom in

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<v Speaker 1>San Francisco. Do we know anything more at this point?

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<v Speaker 2>Well, you know what we're going to get with an

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<v Speaker 2>expert here in just a second. We know that it

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<v Speaker 2>was a post Doug that his attorneys told him he's

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<v Speaker 2>been indicted over the document's case. We know that it

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<v Speaker 2>was moved to Florida. Let's get more now Bloomberg's a

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<v Speaker 2>legal expert at a host of Bloomberg Law. June Grosso

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<v Speaker 2>is with US Life. All right, June, So we know

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<v Speaker 2>that they moved a couple of weeks ago the grand

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<v Speaker 2>jury proceedings down to Florida. What do we know about

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<v Speaker 2>this indictment at this point, Well.

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<v Speaker 3>I don't know what the indictment says. The indictment could

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<v Speaker 3>be on several different charges. There could be an obstruction

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<v Speaker 3>charge in there, there could be an espionage a charge

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<v Speaker 3>in there. It could just be mishandling of classified documents.

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<v Speaker 3>It's hard to tell at this point what they decided

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<v Speaker 3>to charge him with, so, you know, beyond him saying

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<v Speaker 3>he's indicted, we don't really know much.

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<v Speaker 2>Yeah, and he said it now, just yesterday or the

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<v Speaker 2>day before, he had said that nobody had said anything

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<v Speaker 2>to him about it, which may be true. He likes

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<v Speaker 2>to break the news himself, So this this came down.

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<v Speaker 2>I don't mean to be cynical there we left, but he.

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<v Speaker 3>Does you know, he said that nobody had told him

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<v Speaker 3>he was going to get indicted. That doesn't mean no

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<v Speaker 3>one told him he was the target of the investigation,

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<v Speaker 3>which is what the letter. You know, what the what

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<v Speaker 3>the prosecutors tell you. They tell you the target of

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<v Speaker 3>the investigation, and everybody draws the conclusion that, okay, if

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<v Speaker 3>they're telling us this, that's their requirement, and that means

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<v Speaker 3>that you're going to get indicted. So I think he

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<v Speaker 3>was parsing words perhaps there.

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<v Speaker 2>Yeah, yeah, okay, yeah, thank you for making that distinction.

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<v Speaker 2>I didn't make it clear. Now we've just got another

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<v Speaker 2>headline June up saying he's been summoned to appear in

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<v Speaker 2>Miami court on two. What is a process do you

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<v Speaker 2>think from here?

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<v Speaker 3>Well, you know, I think we'll learn more about this indictment.

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<v Speaker 3>I assume that the Special Counsel or perhaps even the

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<v Speaker 3>Attorney General is going to have a press conference. I mean,

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<v Speaker 3>these indictments are sealed usually, so we find out about

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<v Speaker 3>them when they decide to tell us. In this case,

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<v Speaker 3>Trump decided to tell us so, but normally we'd wait

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<v Speaker 3>for the prosecutors and he'll have to make an appearance

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<v Speaker 3>in court and you know, plead not guilty. Most likely

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<v Speaker 3>it will be probably a very brief appearance, sort of

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<v Speaker 3>like we saw in New York. What's interesting here is

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<v Speaker 3>that after having a grand jury in Washington, d C.

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<v Speaker 3>For so long investigating the classified documents, the Special Council

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<v Speaker 3>decided to open a grand jury investigation in Florida. And

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<v Speaker 3>the thought is that he wanted to be sure that

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<v Speaker 3>there would be you know, the venue would be met,

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<v Speaker 3>that this was where. In other words, you have to

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<v Speaker 3>have the case in the place where the alleged crime

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<v Speaker 3>took place. So in this case, any obstruction or any hiding,

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<v Speaker 3>any thing like that would have been done in Florida.

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<v Speaker 3>And also this means that the Trump team loses a

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<v Speaker 3>ground to try to stop the trial by saying, wait

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<v Speaker 3>a second, this shouldn't be in Washington, D C. This

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<v Speaker 3>should be in Florida. But I think that, you know,

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<v Speaker 3>the prosecutors are going to have a harder time in Florida,

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<v Speaker 3>that the jury pool is not going to be as

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<v Speaker 3>sympathetic to the federal government as it might have been

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<v Speaker 3>in DC.

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<v Speaker 2>Yeah, but that does not stop mister Trump from trying

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<v Speaker 2>to change the venue. But Florida is where he has

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<v Speaker 2>indicated that he would like it. Correct.

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<v Speaker 3>I don't know exactly what he said about it, but

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<v Speaker 3>one assumes that he preferred Florida. As I said, it's,

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<v Speaker 3>you know, a venue where there would likely be a

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<v Speaker 3>jury pool that's friendlier to him and less likely to

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<v Speaker 3>you know, agree with the federal government on some things

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<v Speaker 3>as opposed to you know, DC or New York. So yeah,

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<v Speaker 3>I think that that would be the best, the preferred

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<v Speaker 3>venue for him. And it's just I think it shows

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<v Speaker 3>that the prosecutors want to move this along very quickly.

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<v Speaker 3>They want to get this to trial, and they don't

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<v Speaker 3>want to be hung up in a lot of pre

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<v Speaker 3>trial motions.

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<v Speaker 2>Yeah. And so Tuesday you say would be short. Now,

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<v Speaker 2>let's go through the as you say, it's sealed it

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<v Speaker 2>and it will will be opened most probably on Tuesday

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<v Speaker 2>by the by the court. But the potential charges could

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<v Speaker 2>be number one, that he took classified documents out of

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<v Speaker 2>the White House. Number two that he that he obstructed

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<v Speaker 2>justice in trying to let the FBI or DJ do

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<v Speaker 2>its job. That those are potential Are they not right?

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<v Speaker 3>And I think, you know, the obstruction of justice charge

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<v Speaker 3>is very serious. And I something that you know, as

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<v Speaker 3>we analyze the evidence that they seemed to have, that

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<v Speaker 3>they might have enough to make a case about obstruction

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<v Speaker 3>of justice. I mean, we discovered that they have all

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<v Speaker 3>kinds of evidence. For example, they have a video tape

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<v Speaker 3>of someone moving the boxes fro in mar Lago to

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<v Speaker 3>a storage room the day before the federal prosecutors were

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<v Speaker 3>scheduled to appear to collect them. There apparently is a tape,

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<v Speaker 3>an audio tape of former President Trump bragging to a

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<v Speaker 3>group of people that he had in his hand. No

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<v Speaker 3>one saw it was in his hand, but he had

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<v Speaker 3>in his hand some classified material about US intervention with Iraq,

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<v Speaker 3>with possible with Iran. And also that he said that

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<v Speaker 3>he knew that he shouldn't have. That's like a critical

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<v Speaker 3>piece of information because he's admitting that he knew what

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<v Speaker 3>was going on. And also something that I think sort

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<v Speaker 3>of when this happened, I thought, well, they have a

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<v Speaker 3>case because one of his attorneys has had to go

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<v Speaker 3>before the grand jury and testify because the judge ruled

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<v Speaker 3>what's called a crime fraud exception, and that is that

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<v Speaker 3>if the judge believes that the defendant in this case,

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<v Speaker 3>so the potential defendant in this case is using the

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<v Speaker 3>lawyer as part of the crime, it's not the lawyer's crime,

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<v Speaker 3>it's the defendant's crime, then they allow them to pierce

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<v Speaker 3>the lawyer client privilege. And that's very rare that it happens,

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<v Speaker 3>and very rare that it that it's granted. And in

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<v Speaker 3>this case, Evan Corkran ended up not only testifying before

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<v Speaker 3>the grand jury, but also turning over written notes and

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<v Speaker 3>are written and an audio tape that he had about

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<v Speaker 3>his conversations with Trump. So there seems to be a

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<v Speaker 3>lot of evidence beyond just what we know about, you know,

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<v Speaker 3>people coming in and testifying as to what Trump's state

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<v Speaker 3>of mine was. So, you know, it would be really

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<v Speaker 3>interesting to see whether this indictment sort of walk through

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<v Speaker 3>the evidence that they have a talking indictment rather than

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<v Speaker 3>what happened in New York where we didn't know very

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<v Speaker 3>much when we saw the indictment.

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<v Speaker 2>Yeah, and June I I. And again I'm not trying

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<v Speaker 2>to be cynical here, but it would be very smart

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<v Speaker 2>for mister Trump at this point to not say too much.

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<v Speaker 2>And yet he's on truth social part of his posting

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<v Speaker 2>blitz now is quote that corrupt Biden administration has informed

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<v Speaker 2>my attorneys that I have been indicted seemingly over the

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<v Speaker 2>Box's hoax. So he's not going to calm the heat

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<v Speaker 2>going into this. But could any of what he says

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<v Speaker 2>now be be held against him in the court of.

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<v Speaker 3>Law, Well, it depends on what he says. I mean,

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<v Speaker 3>he said so much about these documents. He said that

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<v Speaker 3>he could, you know, wave his hand and all the

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<v Speaker 3>documents were declassified, and that just by asking for them.

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<v Speaker 3>I mean, he said so many things that really are

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<v Speaker 3>not grounded in fact. But what I think he's trying

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<v Speaker 3>to do here to a certain extent is, you know,

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<v Speaker 3>mess with the jury pool, sort of get the jury

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<v Speaker 3>pool in his favor. And that's difficult to do. But

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<v Speaker 3>yet enough you hear enough of this over and over

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<v Speaker 3>and over again, and it starts to affect some people.

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<v Speaker 3>So I think in this case. If it's held in Florida,

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<v Speaker 3>as we suspect, there's going to have to be a

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<v Speaker 3>lot a really strenuous waddear of the jurors, the potential jurors,

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<v Speaker 3>to make sure that they've not been painted by any

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<v Speaker 3>of these things. But Trump is also running for public

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<v Speaker 3>office for president, so he also wants to get the

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<v Speaker 3>electorate on his side. So he has a lot of

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<v Speaker 3>different reasons for getting out there and making these statements,

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<v Speaker 3>even though his attorneys may have advised him and probably

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<v Speaker 3>did advise him not to say anything. I mean, we

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<v Speaker 3>saw what happened with the New York case. Basically ignore them.

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<v Speaker 2>Yeah, yeah, absolutely, the pattern is there. June. You are

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<v Speaker 2>absolutely awesome as usual, and I know you're prepping for

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<v Speaker 2>a Bloomberg law and this will be up on top

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<v Speaker 2>and that follows Daybreak Asia here on Bloomberg. June Grosso,

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<v Speaker 2>legal expert here, Thank you so much for your time,

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<v Speaker 2>really appreciate it. Let's get some political impact now from

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<v Speaker 2>Bloomberg's Jenny Shanze, professor of Bloomberg Politics, contributor and author

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<v Speaker 2>of American Democracy and Crisis. Okay, Jeannie, The immediate political

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<v Speaker 2>impact will be a bit mixed. But it hasn't seemed

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<v Speaker 2>to affect any of the legal problems his overall stature

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<v Speaker 2>in the polls, does it?

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<v Speaker 4>It has not. I mean, he is still polling nationally

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<v Speaker 4>in the double digits, although that is subject to change.

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<v Speaker 4>And you know, I think this week alone, as we've

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<v Speaker 4>seen at least three big entries into the race, it

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<v Speaker 4>is a sign that there are Republicans out there who

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<v Speaker 4>feel that this is an individual who may not be

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<v Speaker 4>in this race for the long term or is going

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<v Speaker 4>to be vulnerable. So while he's still leading by double

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<v Speaker 4>digits facing the indictment out of New York, the indictment

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<v Speaker 4>at the federal level is something that really could be

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<v Speaker 4>a game changer. And can I just say the word

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<v Speaker 4>here is extraordinary. Never in American history have we seen

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<v Speaker 4>something like this happen to a former president, let alone

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<v Speaker 4>somebody who is the leading candidate for the nomination for

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<v Speaker 4>the major party for the next election. So extraordinary by

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<v Speaker 4>any measure, regardless of what happens.

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<v Speaker 2>Yeah, history after history after history. Hey, Doug is in

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<v Speaker 2>New York. I think, Doug, you'd like to ask a

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<v Speaker 2>couple of questions.

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<v Speaker 1>Yeah, Jeanie, So that the move here that Trump is

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<v Speaker 1>playing seems to be that he wants to delegitimize this investigation,

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<v Speaker 1>the handling of the classified material. Is that still resonating

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<v Speaker 1>within the base or within the Republican Party. Are people

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<v Speaker 1>beginning to break away now and say, you know, we've

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<v Speaker 1>had enough. There may have been a violation of the

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<v Speaker 1>law here, and you're going to have to own up

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<v Speaker 1>to that.

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<v Speaker 4>Yeah, I think you know which Hunt has been sort

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<v Speaker 4>of the way in which he has approached any criticism

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<v Speaker 4>and certainly any move towards the legal realm in this

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<v Speaker 4>kind of thing. And he's going to continue to make

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<v Speaker 4>that case as you were just talking about. He's been

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<v Speaker 4>doing that actively on truth social almost in real time.

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<v Speaker 4>But I do think we are seeing Republicans in places

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<v Speaker 4>like Iowa, New Hampshire where the base is really paying

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<v Speaker 4>attention to the upcoming election and they are looking they

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<v Speaker 4>are open to an alternative to Trump. I don't think

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<v Speaker 4>he will lose that thirty percent regardless of what happens

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<v Speaker 4>who have been with him this whole time. But I

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<v Speaker 4>do think we see like fifty sixty percent potentially of

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<v Speaker 4>the base of the Republican Party who says we would

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<v Speaker 4>be open to an alternative to Trump. That doesn't mean

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<v Speaker 4>an anti Trump candidate, but an alternative to Trump. And

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<v Speaker 4>that's why I think we see now about ten to

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<v Speaker 4>twelve can that it's in this race. So there is

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<v Speaker 4>a willingness to look at other people because many Republicans

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<v Speaker 4>you talk to, even if they like what Donald Trump

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<v Speaker 4>did as president and they feel like he has been victimized,

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<v Speaker 4>they do feel like this is a lot for them

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<v Speaker 4>to handle and will make his ability to win the

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<v Speaker 4>general very very tough.

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<v Speaker 2>Now, Jenny the even President Biden, I was asked today

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<v Speaker 2>a news conference with Rishi Sunnek at the White House

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<v Speaker 2>and asked as he was had he folded up his

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<v Speaker 2>book and he was starting to leave. You know, if

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<v Speaker 2>you influence the DOJ, would you respond to what Donald

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<v Speaker 2>Trump is saying, which is what you're talking about? And

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<v Speaker 2>he had to respond to that does this. So this

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<v Speaker 2>is going to play politically back and forth like that

0:12:44.280 --> 0:12:47.200
<v Speaker 2>with Joe Biden not saying anything in Trump all over

0:12:47.280 --> 0:12:48.040
<v Speaker 2>social media.

0:12:48.559 --> 0:12:51.679
<v Speaker 4>That's right, and Joe Biden and the White House are smart.

0:12:51.800 --> 0:12:54.960
<v Speaker 4>The campaign on the Biden side is smart to not

0:12:55.200 --> 0:12:57.840
<v Speaker 4>say a word about this. If they were to jump

0:12:57.880 --> 0:13:00.440
<v Speaker 4>into this tray, it would be a big mistake. Donald

0:13:00.440 --> 0:13:03.360
<v Speaker 4>Trump is trying to goad them into saying something they

0:13:03.480 --> 0:13:07.800
<v Speaker 4>should keep quiet. You know, when your opposition is faltering,

0:13:07.960 --> 0:13:10.880
<v Speaker 4>let them falter is the rule. Don't jump in. And

0:13:10.960 --> 0:13:13.559
<v Speaker 4>so I think he's going to continue to be quiet.

0:13:13.559 --> 0:13:16.040
<v Speaker 4>I hope he is. But I do think Donald Trump

0:13:16.120 --> 0:13:17.720
<v Speaker 4>is not going to let up. He is going to

0:13:17.760 --> 0:13:20.840
<v Speaker 4>continue to say that this is a witch hunt, This

0:13:21.040 --> 0:13:25.040
<v Speaker 4>is something that is politically motivated, and there is an

0:13:25.120 --> 0:13:28.240
<v Speaker 4>audience for that argument. But I also think there are

0:13:28.280 --> 0:13:32.040
<v Speaker 4>Republicans out there, a large percentage, who say, even if

0:13:32.040 --> 0:13:34.760
<v Speaker 4>he was victimized in this way, it's going to be

0:13:34.840 --> 0:13:37.360
<v Speaker 4>difficult for him to win the general And for our

0:13:37.920 --> 0:13:40.640
<v Speaker 4>own purposes, if we hope to beat Joe Biden, as

0:13:40.679 --> 0:13:42.959
<v Speaker 4>many of them, all of them do, we've got to

0:13:43.000 --> 0:13:45.839
<v Speaker 4>look elsewhere. So while this may help Donald Trump to

0:13:45.920 --> 0:13:48.440
<v Speaker 4>a certain extent, I don't think in the long term

0:13:48.480 --> 0:13:50.280
<v Speaker 4>it's going to be a winning strategy for him.

0:13:50.440 --> 0:13:53.760
<v Speaker 1>So at what point, if you're a Republican candidate running

0:13:53.760 --> 0:13:56.439
<v Speaker 1>for president, Jeanie, do you make the choice to kind

0:13:56.440 --> 0:13:59.480
<v Speaker 1>of cross the line to not defend the president, or

0:13:59.520 --> 0:14:02.600
<v Speaker 1>to remain silent and to be critical and to actually

0:14:02.640 --> 0:14:06.840
<v Speaker 1>say former President Trump you're carrying too much baggage around,

0:14:06.840 --> 0:14:09.920
<v Speaker 1>particularly on the legal front. You're not the ideal candidate

0:14:09.960 --> 0:14:11.439
<v Speaker 1>if we want to retake the White House.

0:14:11.840 --> 0:14:14.559
<v Speaker 4>I think we're already seeing that happen. We saw Vice

0:14:14.600 --> 0:14:17.679
<v Speaker 4>President Pence out in just the last couple of days, obviously,

0:14:17.720 --> 0:14:21.160
<v Speaker 4>governor former Governor Chris Christie out making that case. So

0:14:21.320 --> 0:14:26.440
<v Speaker 4>I do think we are hearing potential representatives and potential

0:14:26.800 --> 0:14:30.560
<v Speaker 4>candidates for the Republican nomination who are making that case. Already.

0:14:30.840 --> 0:14:33.680
<v Speaker 4>Ron DeSantis has made that case when he's been asked

0:14:34.400 --> 0:14:36.920
<v Speaker 4>even things as basic as you need a two term

0:14:36.960 --> 0:14:39.720
<v Speaker 4>Republican he's saying, and not a one term. So I

0:14:39.800 --> 0:14:42.160
<v Speaker 4>do think we're hearing that, and I think if he

0:14:42.440 --> 0:14:46.040
<v Speaker 4>is in fact indicted, or when he is indicted, facing

0:14:46.080 --> 0:14:48.640
<v Speaker 4>the amount of charges that he's facing, as serious as

0:14:48.680 --> 0:14:51.440
<v Speaker 4>they are, we're going to hear that drum beat more

0:14:51.520 --> 0:14:54.960
<v Speaker 4>and more from these opposition candidates. A few have been

0:14:55.000 --> 0:14:57.280
<v Speaker 4>reticent to make that case, but I think more and

0:14:57.320 --> 0:14:59.120
<v Speaker 4>more the damn is going to be broken and we

0:14:59.160 --> 0:15:00.960
<v Speaker 4>are going to hear that argument made.

0:15:01.120 --> 0:15:04.600
<v Speaker 2>Timing this is going to be Jeannie going on. Now

0:15:04.640 --> 0:15:07.600
<v Speaker 2>the core case doesn't come be presented immediately This is

0:15:07.640 --> 0:15:11.720
<v Speaker 2>probably going to run into primary season, and even it

0:15:11.760 --> 0:15:15.680
<v Speaker 2>could run toward the general. Can he be elected? Do

0:15:15.720 --> 0:15:17.520
<v Speaker 2>you believe? And I know I'm asking for your opinion.

0:15:17.520 --> 0:15:18.280
<v Speaker 2>Can he be elected?

0:15:19.520 --> 0:15:23.120
<v Speaker 4>I think realistically, could he be elected in the general,

0:15:23.280 --> 0:15:26.440
<v Speaker 4>I do not believe. So I go with Governor Chris Sanunu,

0:15:26.680 --> 0:15:29.840
<v Speaker 4>who says, you know, a vote for Donald Trump in

0:15:29.880 --> 0:15:33.000
<v Speaker 4>the Republican primary at this point is a vote for

0:15:33.120 --> 0:15:35.640
<v Speaker 4>Joe Biden. And that is the argument I think you're

0:15:35.640 --> 0:15:40.120
<v Speaker 4>going to hear Republicans make increasingly. It's simply difficult, given

0:15:40.160 --> 0:15:42.960
<v Speaker 4>the math to imagine that he could win over the

0:15:43.000 --> 0:15:46.960
<v Speaker 4>Moderates and Independence and the Republicans. He needs to capture

0:15:46.960 --> 0:15:49.920
<v Speaker 4>the White House. Could he win the nomination? Yes, if

0:15:49.960 --> 0:15:53.200
<v Speaker 4>there are you know, a large number of Republicans vying

0:15:53.320 --> 0:15:55.680
<v Speaker 4>for this and they stay in a long time, he

0:15:55.720 --> 0:15:58.960
<v Speaker 4>can hold his thirty, but he fairly difficult to win

0:15:59.000 --> 0:16:01.320
<v Speaker 4>the general. But to your point about the timing, it's

0:16:01.440 --> 0:16:04.960
<v Speaker 4>utterly astounding. Already we see the New York case schedule

0:16:05.200 --> 0:16:09.080
<v Speaker 4>just after Super Tuesday. You couple a federal indictment with that,

0:16:09.560 --> 0:16:13.280
<v Speaker 4>whatever happens at Georgia, and this is going to be astounding.

0:16:13.360 --> 0:16:15.400
<v Speaker 4>This is a man who's going to be focused on

0:16:15.720 --> 0:16:21.120
<v Speaker 4>fighting for his life and yet also running for president again. Extraordinary,

0:16:21.240 --> 0:16:23.480
<v Speaker 4>like nothing we've ever seen in American history.

0:16:23.560 --> 0:16:24.040
<v Speaker 3>If you're just.

0:16:24.120 --> 0:16:28.080
<v Speaker 1>Joining us here on Bloomberger Daybreak Asia, that is Genie Shechianzeno,

0:16:28.240 --> 0:16:32.720
<v Speaker 1>Professor also Bloomberg Politics contributor, helping us unpack the story

0:16:32.720 --> 0:16:35.880
<v Speaker 1>that we've been talking about. Former President Trump saying today

0:16:35.960 --> 0:16:39.040
<v Speaker 1>a short while ago on truth Social that his attorneys

0:16:39.080 --> 0:16:43.240
<v Speaker 1>have been informed that he was indicted by the Special

0:16:43.280 --> 0:16:46.800
<v Speaker 1>Prosecutor Jack Smith's office, and The New York Times reporting

0:16:47.120 --> 0:16:49.960
<v Speaker 1>that mister Trump is set to surrender to authorities in

0:16:50.000 --> 0:16:51.960
<v Speaker 1>Miami next Tuesday.