1 00:00:01,639 --> 00:00:06,160 Speaker 1: Now from our nation's capital. This is Bloomberg sound On. 2 00:00:07,200 --> 00:00:09,520 Speaker 1: I challenged the President to join with us. Let's go 3 00:00:09,560 --> 00:00:12,319 Speaker 1: across the country and let's debate. As we say in 4 00:00:12,400 --> 00:00:17,880 Speaker 1: my favorite bless Me Bloomberg sound On Politics, Policy and 5 00:00:17,960 --> 00:00:22,160 Speaker 1: perspective from DC's top name. Britain has to be competitive 6 00:00:22,640 --> 00:00:25,279 Speaker 1: and if we put up taxes, we're not going to 7 00:00:25,320 --> 00:00:27,840 Speaker 1: get that investment in grace. We're going to continue to 8 00:00:27,960 --> 00:00:30,960 Speaker 1: monitor the global markets. It's as if we were over 9 00:00:31,000 --> 00:00:34,159 Speaker 1: the Indie five hundred when we stopped maneuvering, and then 10 00:00:34,159 --> 00:00:36,760 Speaker 1: we simply have to coast all the way to Baltimore. 11 00:00:36,760 --> 00:00:42,040 Speaker 1: Bloomberg Sound On with Joe Matthew on Bloomberg Radio. The 12 00:00:42,120 --> 00:00:44,920 Speaker 1: government set to run out of funding on Friday, and 13 00:00:44,960 --> 00:00:47,440 Speaker 1: there's still no plan to vote on Today, Welcome to 14 00:00:47,479 --> 00:00:50,000 Speaker 1: the fastest hour in politics, as we begin the final 15 00:00:50,040 --> 00:00:53,840 Speaker 1: week of September with big questions about the congressional agenda 16 00:00:54,520 --> 00:00:56,880 Speaker 1: and of course, the outcome of the midterm elections, now 17 00:00:56,880 --> 00:00:59,680 Speaker 1: only seven weeks off. We're joined today by Congressman Chuck 18 00:00:59,720 --> 00:01:02,920 Speaker 1: fly Been, Republican from Tennessee, who's on the front lines 19 00:01:02,960 --> 00:01:06,560 Speaker 1: of the budget debate as a member of the Appropriations Committee. Later, 20 00:01:06,880 --> 00:01:09,640 Speaker 1: world markets spooked by massive tax cuts plan in the 21 00:01:09,760 --> 00:01:11,920 Speaker 1: UK and now the election of a new prime minister 22 00:01:11,959 --> 00:01:14,800 Speaker 1: in Italy will get the view and hopefully some sense 23 00:01:14,840 --> 00:01:17,640 Speaker 1: from you and Relli of b D A partners analysis 24 00:01:17,640 --> 00:01:20,080 Speaker 1: on these stories and more coming up with our signature panel. 25 00:01:20,480 --> 00:01:23,760 Speaker 1: They're both with us today Bloomberg Politics contributors Rick Davis 26 00:01:23,800 --> 00:01:27,840 Speaker 1: and Gen Chanzano. No one is predicting a government shutdown 27 00:01:27,920 --> 00:01:30,760 Speaker 1: on Friday. I want to say that up front, but 28 00:01:30,880 --> 00:01:33,240 Speaker 1: lawmakers have still not come to agreement on a bill 29 00:01:33,280 --> 00:01:35,720 Speaker 1: to keep the government running. The Senate is set to 30 00:01:35,800 --> 00:01:39,480 Speaker 1: hold a vote tomorrow procedural vote on legislation that we've 31 00:01:39,520 --> 00:01:42,760 Speaker 1: talked about, including Joe Mansion's energy permitting bill. If you 32 00:01:42,800 --> 00:01:45,920 Speaker 1: listen to this program, you already know that that may 33 00:01:45,920 --> 00:01:50,120 Speaker 1: not fly unless Mansion can convince enough Republicans to say yes. 34 00:01:50,160 --> 00:01:52,440 Speaker 1: He showed up on Fox News Sunday yesterday to make 35 00:01:52,480 --> 00:01:56,200 Speaker 1: the case. And this is not about me, my Republican friends. 36 00:01:56,240 --> 00:01:58,720 Speaker 1: I've been working for twelve years with them, and I 37 00:01:58,880 --> 00:02:01,280 Speaker 1: know their number one item that they've had, a number 38 00:02:01,280 --> 00:02:04,800 Speaker 1: one priority they've had is permitting reform. We can't build 39 00:02:04,840 --> 00:02:07,960 Speaker 1: anything in America. It takes five to ten years. They 40 00:02:08,000 --> 00:02:11,200 Speaker 1: develop a world takes one to three years. And why 41 00:02:11,200 --> 00:02:13,799 Speaker 1: should we be so far behind the developer world to 42 00:02:13,960 --> 00:02:16,320 Speaker 1: bringing products to market, to be able to have the 43 00:02:16,320 --> 00:02:19,680 Speaker 1: infrastructure to move energy around. And we're asking people around 44 00:02:19,720 --> 00:02:21,799 Speaker 1: the world to do things for us we won't do 45 00:02:21,880 --> 00:02:25,519 Speaker 1: for ourselves. My Republican friends know exactly where we are, 46 00:02:25,760 --> 00:02:27,839 Speaker 1: all right. So there's the elevator pitch, and that's where 47 00:02:27,880 --> 00:02:30,840 Speaker 1: we start with Congressman Chuck Fleishman, Republican from Tennessee who 48 00:02:30,840 --> 00:02:34,480 Speaker 1: serves on the House Appropriations Committee. Congressman, I thank you 49 00:02:34,520 --> 00:02:36,560 Speaker 1: for coming back to talk to us. Would you support 50 00:02:37,320 --> 00:02:40,600 Speaker 1: a government funding bill if it included Joe Mansion's permitting reform? 51 00:02:40,680 --> 00:02:43,880 Speaker 1: What do you make of his argument? I don't think 52 00:02:43,880 --> 00:02:46,440 Speaker 1: it's going to see the light of day. Let me 53 00:02:46,560 --> 00:02:51,200 Speaker 1: say this, I am generally not a fan of continuing resolutions, 54 00:02:51,480 --> 00:02:54,040 Speaker 1: but the worst thing that we could have right now 55 00:02:54,520 --> 00:02:57,519 Speaker 1: I think would be a government shutdown. But I think 56 00:02:57,600 --> 00:03:00,960 Speaker 1: that the reality is is Joe man Anson was duped 57 00:03:01,080 --> 00:03:04,520 Speaker 1: by his own party, specifically by Chuck Schumer for the 58 00:03:04,560 --> 00:03:08,200 Speaker 1: ill fated or for the ill named Inflation Reduction Act. 59 00:03:08,639 --> 00:03:10,880 Speaker 1: This was supposed to be his big chip that he 60 00:03:10,919 --> 00:03:14,880 Speaker 1: was going to get. The reality is two Democrats, senator 61 00:03:14,919 --> 00:03:17,720 Speaker 1: Senators and I believe Senator Kane have already said no 62 00:03:17,840 --> 00:03:19,840 Speaker 1: to Joe Mansion, and he's going to have to get 63 00:03:19,880 --> 00:03:22,760 Speaker 1: at least ten or more Republican vote. I just don't 64 00:03:22,800 --> 00:03:24,440 Speaker 1: think he's going to get it in the Senate, so 65 00:03:24,760 --> 00:03:26,680 Speaker 1: I don't think it ever gets to the House. In 66 00:03:26,760 --> 00:03:32,480 Speaker 1: that posture on principle, Uh, Mansion is right about the 67 00:03:32,480 --> 00:03:38,840 Speaker 1: permitting problems. The problem is he's been misplayed because of this, 68 00:03:38,840 --> 00:03:42,400 Speaker 1: this prior ill lead on the Inflation Reduction Act, and 69 00:03:42,600 --> 00:03:45,440 Speaker 1: now his his bill is probably gonna suffer for it. Well, 70 00:03:45,480 --> 00:03:48,040 Speaker 1: he calls this Joe Mansion calls this lack of support, 71 00:03:48,120 --> 00:03:52,360 Speaker 1: particularly from Republicans and some progressive Democrats too. He calls 72 00:03:52,360 --> 00:03:55,520 Speaker 1: it revenge politics. If you agree with the need to 73 00:03:55,560 --> 00:04:00,640 Speaker 1: reform permitting, is he not wrong? Well, Uh, you have 74 00:04:00,760 --> 00:04:05,320 Speaker 1: to look at this as a progression or in my case, 75 00:04:05,800 --> 00:04:08,680 Speaker 1: I call what the Democrats have done from the Inflation 76 00:04:08,720 --> 00:04:12,520 Speaker 1: Reduction back all the way forward. This year, we have 77 00:04:12,680 --> 00:04:15,800 Speaker 1: seen pieces of legislation that they have wanted to cram 78 00:04:15,840 --> 00:04:18,400 Speaker 1: down for quite some time. They couldn't do it in 79 00:04:18,480 --> 00:04:20,800 Speaker 1: one bite, so they did it in little bites, and 80 00:04:20,839 --> 00:04:24,680 Speaker 1: they duped humor literally duped him into believing this, as 81 00:04:24,680 --> 00:04:27,200 Speaker 1: did other Democrats. So I'm not going to call it 82 00:04:27,279 --> 00:04:30,640 Speaker 1: revenge politics. I'm gonna call it common sense politics. But 83 00:04:30,760 --> 00:04:33,480 Speaker 1: the reality is we're gonna probably have to have a 84 00:04:33,520 --> 00:04:36,360 Speaker 1: cleaner uh c R if we're going to avoid a 85 00:04:36,400 --> 00:04:40,600 Speaker 1: government shutdown, and nobody wants a government so would Republicans 86 00:04:40,640 --> 00:04:43,000 Speaker 1: if if you want the majority, would Republicans come back 87 00:04:43,040 --> 00:04:45,599 Speaker 1: and do this on their own? As permitting reform something 88 00:04:45,600 --> 00:04:48,840 Speaker 1: that you want to see happen in the New York term. Okay, 89 00:04:49,080 --> 00:04:52,680 Speaker 1: you just don't want your mansion's name on it yet, Well, no, 90 00:04:53,120 --> 00:04:56,360 Speaker 1: I think it needs to look different. But clearly, clearly 91 00:04:56,440 --> 00:05:00,920 Speaker 1: we have got the streamline the permitting process in this country. 92 00:05:01,200 --> 00:05:05,640 Speaker 1: It's too laborious, is too lengthy. We can't get anything done. Um, 93 00:05:05,680 --> 00:05:09,560 Speaker 1: it's it's it's it's a problem. But Joe Mansion's problem 94 00:05:09,680 --> 00:05:13,839 Speaker 1: are not Republicans. Joe Mansion's problems are now Democrats. And 95 00:05:14,200 --> 00:05:18,040 Speaker 1: the reality is he guessed wrong in the last chess move, 96 00:05:18,279 --> 00:05:20,240 Speaker 1: and that was in the checkmate position on the wrong 97 00:05:20,279 --> 00:05:22,800 Speaker 1: side of it. Man, That's that's some tough stuff. You 98 00:05:22,880 --> 00:05:25,160 Speaker 1: work in a heck of a business. Congressman, you don't 99 00:05:25,160 --> 00:05:27,039 Speaker 1: think the government's going to shut down though, right? A 100 00:05:27,040 --> 00:05:31,159 Speaker 1: clean CR passes on Friday, as your thought, I hope 101 00:05:31,160 --> 00:05:33,800 Speaker 1: and pray that we get to that point. Yes, let 102 00:05:33,839 --> 00:05:37,120 Speaker 1: me explain where I think we're going to be. The 103 00:05:37,160 --> 00:05:39,320 Speaker 1: Senate will take it up first, and what they will 104 00:05:39,320 --> 00:05:42,960 Speaker 1: take up is basically a house shell bill, so they'll 105 00:05:43,000 --> 00:05:45,479 Speaker 1: there'll be a house of vehicle that doesn't do anything, 106 00:05:45,920 --> 00:05:48,480 Speaker 1: goes to the Senate, they will vote on it. I 107 00:05:48,720 --> 00:05:52,200 Speaker 1: think at that point in time, Mansion's efforts will fail. 108 00:05:52,320 --> 00:05:55,120 Speaker 1: That's a prediction, and we'll get a cleaner CR back, 109 00:05:55,440 --> 00:05:58,880 Speaker 1: and we should. We should do that, hopefully by Friday. Now, 110 00:05:59,400 --> 00:06:02,440 Speaker 1: God for it, it bombs down. It has happened before 111 00:06:02,880 --> 00:06:06,320 Speaker 1: in my twelve year congressional tenure, where we slip into 112 00:06:06,320 --> 00:06:09,120 Speaker 1: a government shutdown mode. I don't see that. I don't 113 00:06:09,120 --> 00:06:12,160 Speaker 1: think either party has an appetite for that. I know 114 00:06:12,200 --> 00:06:15,480 Speaker 1: the markets don't, the American people don't. Well, I'll tell 115 00:06:15,520 --> 00:06:17,160 Speaker 1: you start walking up to the edge. To your point, 116 00:06:17,200 --> 00:06:19,760 Speaker 1: things can happen. But the idea here then is we 117 00:06:19,880 --> 00:06:22,200 Speaker 1: kick the candle mid December. Right, the CR would go 118 00:06:22,200 --> 00:06:23,919 Speaker 1: through the middle of December, won't that just set up 119 00:06:23,960 --> 00:06:28,800 Speaker 1: another standoff right before the new year in the next session. Well, 120 00:06:28,839 --> 00:06:31,760 Speaker 1: absolutely correct, I think you've called that right. The The 121 00:06:31,760 --> 00:06:35,919 Speaker 1: CR will go to either December theo or sixteenth, but 122 00:06:36,440 --> 00:06:38,360 Speaker 1: we will have had a major event by then. We 123 00:06:38,400 --> 00:06:42,920 Speaker 1: will had mid term election affecting the House and the Senate, 124 00:06:43,279 --> 00:06:45,920 Speaker 1: and I think the fate of the CR or the 125 00:06:45,960 --> 00:06:50,520 Speaker 1: budget for fiscal twenty three will rest on the results 126 00:06:50,560 --> 00:06:53,359 Speaker 1: of the mid terms. If Republicans have and I hope 127 00:06:53,400 --> 00:06:56,880 Speaker 1: as we do, a huge win in the House, probably 128 00:06:57,000 --> 00:06:58,960 Speaker 1: a more narrow win in the Senate. When we take 129 00:06:59,000 --> 00:07:01,680 Speaker 1: over both chambers, I think we will see a very 130 00:07:01,760 --> 00:07:05,520 Speaker 1: different view. And of course you've got another dynamic Senator 131 00:07:05,600 --> 00:07:09,279 Speaker 1: Leahy and Senator Shelby are both retiring. They will not 132 00:07:09,360 --> 00:07:12,120 Speaker 1: be in the next Congress. So there are a lot 133 00:07:12,200 --> 00:07:15,960 Speaker 1: of factors affecting this. But really the results of the 134 00:07:16,040 --> 00:07:19,240 Speaker 1: mid term will probably dictate what happens in December. We're 135 00:07:19,280 --> 00:07:22,440 Speaker 1: talking with Congressman Chuck Fleishman, Republican from Tennessee here on 136 00:07:22,480 --> 00:07:25,400 Speaker 1: Bloomberg Sound On. I want to ask you about border security, 137 00:07:25,960 --> 00:07:28,960 Speaker 1: knowing that Republicans are in fact writing a menu here 138 00:07:29,040 --> 00:07:31,520 Speaker 1: for what what you might want to pursue. And I 139 00:07:31,520 --> 00:07:33,280 Speaker 1: think that's pretty high on the list if if you 140 00:07:33,280 --> 00:07:36,160 Speaker 1: were to take the house. Kirsten Cinema and the next 141 00:07:36,200 --> 00:07:38,920 Speaker 1: door in the Senate, who appeared today with Mitch McConnell 142 00:07:38,960 --> 00:07:41,600 Speaker 1: at his full endorsement apparently at the University of Kentucky, 143 00:07:41,640 --> 00:07:45,080 Speaker 1: gave her a wonderful introduction. She was asked, you know 144 00:07:45,240 --> 00:07:47,160 Speaker 1: what's next for you? What is it you want to do? 145 00:07:47,280 --> 00:07:50,440 Speaker 1: She picked one issue. It was immigration, says she wants 146 00:07:50,480 --> 00:07:53,040 Speaker 1: to tackle it after the mid terms. Here's what she said. 147 00:07:53,200 --> 00:07:55,400 Speaker 1: There is a challenge that I and that I still 148 00:07:55,400 --> 00:07:59,720 Speaker 1: want to accomplish, and um, it's close to home for me. 149 00:07:59,840 --> 00:08:02,600 Speaker 1: You know, I was born and raised near the border 150 00:08:03,080 --> 00:08:07,720 Speaker 1: in southern Arizona, and for my entire lifetime, the federal 151 00:08:07,760 --> 00:08:13,720 Speaker 1: government has absolutely failed, absolutely failed. Congressman, do you believe 152 00:08:13,720 --> 00:08:15,880 Speaker 1: she says she's gonna call John Cornyn after the mid 153 00:08:16,080 --> 00:08:19,480 Speaker 1: terms to get the ball rolling as immigration reform even 154 00:08:19,600 --> 00:08:22,560 Speaker 1: possible in this divided country after watching it come up 155 00:08:22,600 --> 00:08:25,000 Speaker 1: and be knocked down over and over again over the 156 00:08:25,080 --> 00:08:30,280 Speaker 1: last two decades. I think border control is and has 157 00:08:30,360 --> 00:08:32,880 Speaker 1: to be in all politics is local and first. In 158 00:08:33,000 --> 00:08:36,600 Speaker 1: cinema is a very student politician. She is going to 159 00:08:36,640 --> 00:08:39,680 Speaker 1: be up for election. She is in the state Arizona 160 00:08:39,720 --> 00:08:42,440 Speaker 1: that is directly affected as this Texas by the border. 161 00:08:43,000 --> 00:08:46,480 Speaker 1: As the ranking member, the highest Republican myself on the 162 00:08:46,520 --> 00:08:50,160 Speaker 1: Homeland Security Subcommittee, I have worked to fund the wall, 163 00:08:50,480 --> 00:08:55,600 Speaker 1: border security, border technology, and this administration rebuffs it at 164 00:08:55,720 --> 00:08:58,600 Speaker 1: every level. Every time we come up with a new 165 00:08:58,679 --> 00:09:03,160 Speaker 1: technology or something that could keep the borders closed. They 166 00:09:03,240 --> 00:09:06,480 Speaker 1: basically work against us, as do progressives in the House 167 00:09:06,520 --> 00:09:09,199 Speaker 1: and Senate. And what have you got? Open borders? Over 168 00:09:09,280 --> 00:09:12,800 Speaker 1: two billion illegals this year. We don't even know who 169 00:09:12,840 --> 00:09:15,720 Speaker 1: all has gotten over. They're speaking of over a hundred 170 00:09:15,720 --> 00:09:19,559 Speaker 1: and thirty different languages. This is not just the Triangle countries. 171 00:09:19,800 --> 00:09:22,120 Speaker 1: This is a matter of national security. So it's a 172 00:09:22,160 --> 00:09:27,160 Speaker 1: border security first, possibly an immigration bill after that. It 173 00:09:27,240 --> 00:09:30,360 Speaker 1: will be much more difficult. But remember, let's give kudos 174 00:09:30,400 --> 00:09:33,720 Speaker 1: to former President Trump. He wanted to talk about uh 175 00:09:33,760 --> 00:09:37,280 Speaker 1: immigration reform. He actually had a plan for DOCCA and 176 00:09:37,320 --> 00:09:41,360 Speaker 1: who killed it? The Democrats? Why because dealing with the 177 00:09:41,960 --> 00:09:46,800 Speaker 1: current state of affairs. Though, you're saying that a comprehensive 178 00:09:46,880 --> 00:09:49,240 Speaker 1: bill is not realistic. If I'm trying to just read 179 00:09:49,280 --> 00:09:51,600 Speaker 1: between the lines, you'd have to get security first and 180 00:09:51,600 --> 00:09:54,280 Speaker 1: then you would deal with immigration later. They're not coming 181 00:09:54,320 --> 00:09:58,520 Speaker 1: in the same swing. That's correct. I think first and foremost, 182 00:09:58,600 --> 00:10:01,680 Speaker 1: you've got to stop the bleeding at the border. It's open, 183 00:10:01,880 --> 00:10:06,680 Speaker 1: it's poorous, it's dangerous, it's crime, it's drugs, it's it's 184 00:10:06,920 --> 00:10:10,800 Speaker 1: dehumanizing to to to UH, to the people coming over. 185 00:10:11,320 --> 00:10:14,160 Speaker 1: It is a catastrophe. And the sad part about it 186 00:10:14,640 --> 00:10:17,280 Speaker 1: everything that was in place that was working the buffer 187 00:10:17,880 --> 00:10:23,559 Speaker 1: UH practice in Mexico. UH. Basically Biden is doing away 188 00:10:23,600 --> 00:10:27,400 Speaker 1: with this. They they they have taken every step, we 189 00:10:27,480 --> 00:10:30,760 Speaker 1: come up with, technologies, we come up with solutions, and 190 00:10:30,800 --> 00:10:33,560 Speaker 1: their depth to us and it gives us the conclusion. 191 00:10:33,600 --> 00:10:36,320 Speaker 1: And the American people know this. They do not want 192 00:10:36,360 --> 00:10:39,640 Speaker 1: border security in the Democratic Party. We want it in 193 00:10:39,679 --> 00:10:42,240 Speaker 1: the Republican Party. I think the American people want it. 194 00:10:42,240 --> 00:10:44,040 Speaker 1: It's going to be a big issue in the midterms 195 00:10:44,080 --> 00:10:46,880 Speaker 1: in states like Arizona, in states like Texas, and I 196 00:10:46,920 --> 00:10:49,040 Speaker 1: really think in the states like mine, like Tennessee, is 197 00:10:49,080 --> 00:10:51,720 Speaker 1: it right to be flying migrants around places like Martha's 198 00:10:51,760 --> 00:10:53,600 Speaker 1: Vineyard to make a point In the meantime, do you 199 00:10:53,600 --> 00:10:59,000 Speaker 1: support that strategy? I I think both Uh, Governor de 200 00:10:59,160 --> 00:11:03,320 Speaker 1: Santis and and and Governor Abbott have taken appropriate means 201 00:11:03,640 --> 00:11:08,560 Speaker 1: to let those radical progressive states that have claimed that 202 00:11:08,679 --> 00:11:12,120 Speaker 1: they want open borders to now to suffer under some 203 00:11:12,200 --> 00:11:15,240 Speaker 1: of the real consequences that other border states have done. 204 00:11:15,480 --> 00:11:18,200 Speaker 1: So the reality is they got a dose of reality 205 00:11:18,240 --> 00:11:20,600 Speaker 1: in those states. And what did they say. They didn't 206 00:11:20,640 --> 00:11:23,480 Speaker 1: like it. They couldn't afford it. Sure, so you do 207 00:11:23,559 --> 00:11:26,960 Speaker 1: support that? Wake Okay, I read you. Here's our last one. 208 00:11:27,000 --> 00:11:28,880 Speaker 1: I've got less than a minute. Congressman, I'm just gonna 209 00:11:28,880 --> 00:11:31,560 Speaker 1: throw this at you. We'll make it our pretend lightning round. 210 00:11:31,840 --> 00:11:35,400 Speaker 1: Representative Nancy Mace, Republican, on Meet the Press yesterday talking 211 00:11:35,400 --> 00:11:39,559 Speaker 1: about Republican potential to impeach Joe Biden. There's a lot 212 00:11:39,600 --> 00:11:42,560 Speaker 1: of pressure on Republicans to have that vote, to put 213 00:11:42,640 --> 00:11:45,200 Speaker 1: that that legislation forward, and to have that vote. I 214 00:11:45,200 --> 00:11:48,319 Speaker 1: think that is uh something that some folks are considering. 215 00:11:48,360 --> 00:11:50,480 Speaker 1: Why are you hearing about that as well? Congressman, will 216 00:11:50,480 --> 00:11:52,319 Speaker 1: be an effort to impeach the president if you take 217 00:11:52,360 --> 00:11:57,040 Speaker 1: the majority. Here's the problem because of what the Democrats 218 00:11:57,080 --> 00:12:03,360 Speaker 1: under Nancy Pelosi have done Donald Trump twice. So it's 219 00:12:03,360 --> 00:12:07,079 Speaker 1: coming around is what you're saying. I'm gonna say now 220 00:12:07,120 --> 00:12:12,600 Speaker 1: because of that horrible accident, horrible incident, the reality is 221 00:12:13,160 --> 00:12:20,360 Speaker 1: a Congressman, Chuck Fleishman, this is Bloomberg. You're listening to Bloomberg. 222 00:12:20,440 --> 00:12:26,080 Speaker 1: You sound on with Joe Matthew on Bloomberg Radio. Just 223 00:12:26,200 --> 00:12:28,520 Speaker 1: a taste of what's to come, not only this week, 224 00:12:28,720 --> 00:12:33,200 Speaker 1: but potentially after a Republican takeover of the U. S. House. 225 00:12:33,240 --> 00:12:37,000 Speaker 1: That's what everyone's predicting, right, Congressman Chuck Fleishman with us 226 00:12:37,480 --> 00:12:40,080 Speaker 1: on the fastest Hour in politics, making it clear the 227 00:12:40,120 --> 00:12:44,000 Speaker 1: Republican from Tennessee's on the Appropriations Committee says the government 228 00:12:44,559 --> 00:12:47,800 Speaker 1: not likely gonna shut down on Friday. Nobody thinks that's 229 00:12:47,800 --> 00:12:51,760 Speaker 1: gonna happen. We'll probably jettison the Joe mansion permitting bill 230 00:12:51,800 --> 00:12:55,640 Speaker 1: along the way. But fascinating remark there towards the end, 231 00:12:55,679 --> 00:13:01,000 Speaker 1: as I asked him about Nancy Mace in her comments 232 00:13:01,080 --> 00:13:03,679 Speaker 1: yesterday I meet the press as we prepared to assemble 233 00:13:03,720 --> 00:13:06,680 Speaker 1: the panel. Remind you of what she said until Chuck 234 00:13:06,720 --> 00:13:09,720 Speaker 1: Todd about the effort to impeach. I believe there's a 235 00:13:09,760 --> 00:13:12,599 Speaker 1: lot of pressure on Republicans to have that vote, to 236 00:13:12,679 --> 00:13:15,440 Speaker 1: put that that legislation forward and to have that vote. 237 00:13:15,440 --> 00:13:19,600 Speaker 1: I think that is uh, something that some folks are considering. Again, 238 00:13:19,640 --> 00:13:22,319 Speaker 1: I'm someone who wants to Yeah, I want to follow 239 00:13:22,360 --> 00:13:25,160 Speaker 1: the constitution. It's really important. Oversight is important. As we 240 00:13:25,160 --> 00:13:28,199 Speaker 1: bring in Bloomberg Politics contributors Jeanne Chanzano and Rick Davis 241 00:13:28,200 --> 00:13:30,320 Speaker 1: our signature panel here on sound On. It's great to 242 00:13:30,360 --> 00:13:31,760 Speaker 1: have both of you back. I hope it was a 243 00:13:31,800 --> 00:13:36,240 Speaker 1: great weekend. I'm sure you saw this conversation, Rick Davis. 244 00:13:36,320 --> 00:13:38,800 Speaker 1: Is that the first move that Republicans make if they 245 00:13:38,840 --> 00:13:41,240 Speaker 1: take the House, Well, I think there'll be a spade 246 00:13:41,320 --> 00:13:44,400 Speaker 1: of investigations. You know, must like Democrats open up all 247 00:13:44,559 --> 00:13:48,040 Speaker 1: a lot of investigations when they took over. It's become 248 00:13:48,120 --> 00:13:51,360 Speaker 1: sort of the norm. Right, instead of legislating, we're investigating. 249 00:13:51,480 --> 00:13:54,960 Speaker 1: And uh, and so there is a fart hat you heard, 250 00:13:55,160 --> 00:13:58,600 Speaker 1: uh Congressman Flashman say, well, you know they impeached Trump twice. 251 00:13:58,600 --> 00:14:00,480 Speaker 1: We got to do at least once. I'm mean he 252 00:14:00,520 --> 00:14:02,400 Speaker 1: didn't say that, but I mean that was the impression 253 00:14:02,440 --> 00:14:04,600 Speaker 1: I was left with. And uh, And to be honestly, 254 00:14:04,679 --> 00:14:07,640 Speaker 1: it's an incredible weights at taxpayer dollars. Uh, you know, 255 00:14:07,720 --> 00:14:10,320 Speaker 1: but look This is the politics that were left with 256 00:14:10,360 --> 00:14:12,640 Speaker 1: these days, and I have no doubt that one of 257 00:14:12,679 --> 00:14:15,840 Speaker 1: the largest agenda items of new Republican Congress will have 258 00:14:16,080 --> 00:14:19,560 Speaker 1: is to launch investigations into various aspects of the Biden administration. 259 00:14:20,120 --> 00:14:22,600 Speaker 1: The tip for tat there also with regard to Joe 260 00:14:22,640 --> 00:14:25,200 Speaker 1: Mansion's bill here, Jeannie, and I'll be curious to hear 261 00:14:25,200 --> 00:14:26,680 Speaker 1: you a way in on the impeachment thing too, But 262 00:14:26,720 --> 00:14:30,400 Speaker 1: the Congressman made it clear Republicans come back and and 263 00:14:30,400 --> 00:14:32,400 Speaker 1: put up an energy permitting bill that does not have 264 00:14:32,480 --> 00:14:34,280 Speaker 1: Joe Mansion's name on it, They're going to pass it. 265 00:14:34,960 --> 00:14:37,240 Speaker 1: They will. And this has been the frustration. And we've 266 00:14:37,280 --> 00:14:39,760 Speaker 1: seen as you played the clip Joe Mansion out on 267 00:14:39,800 --> 00:14:41,960 Speaker 1: the Sunday shows. He you know, the op ed in 268 00:14:41,960 --> 00:14:44,800 Speaker 1: the Wall Street Journal. He is trying desperately to get 269 00:14:45,160 --> 00:14:48,240 Speaker 1: the number of Republicans he needs to pass this thing. 270 00:14:48,320 --> 00:14:50,880 Speaker 1: It's going to be very hard to do that. And 271 00:14:50,920 --> 00:14:53,240 Speaker 1: his frustration has been just what you said, that that 272 00:14:53,280 --> 00:14:56,960 Speaker 1: they want permitting reform, but he feels that they are 273 00:14:57,040 --> 00:14:59,720 Speaker 1: just frustrated that he worked with Democrats on the I 274 00:14:59,880 --> 00:15:02,160 Speaker 1: r Ay and they're taking it out on him. You know, 275 00:15:02,200 --> 00:15:05,000 Speaker 1: I would suggest There is another element of this, and 276 00:15:05,040 --> 00:15:08,080 Speaker 1: that is the actual substance of the bill itself. There 277 00:15:08,120 --> 00:15:10,960 Speaker 1: are Republicans who feel that the bill does not go 278 00:15:11,160 --> 00:15:14,320 Speaker 1: far enough. Joe Mansion essentially says, you've got to take 279 00:15:14,400 --> 00:15:16,280 Speaker 1: the best we can do, and I think he's making 280 00:15:16,280 --> 00:15:18,600 Speaker 1: a fair point for those who want this kind of reform. 281 00:15:18,960 --> 00:15:22,320 Speaker 1: But for some Republicans, they feel that the bill is 282 00:15:22,360 --> 00:15:24,720 Speaker 1: a skinny version of what they would like to see, 283 00:15:25,120 --> 00:15:28,040 Speaker 1: and so they're reluctant to pass this because, very much 284 00:15:28,080 --> 00:15:30,920 Speaker 1: like Democrats with the gun bill, you pass this, people 285 00:15:30,960 --> 00:15:33,200 Speaker 1: say we did it, they don't revisit it again. And 286 00:15:33,240 --> 00:15:36,320 Speaker 1: so there are several areas like litigation capping, for instance, 287 00:15:36,320 --> 00:15:38,840 Speaker 1: that they're frustrated doesn't go far enough. Do either of 288 00:15:38,880 --> 00:15:41,120 Speaker 1: you think the government is going to shut down this week, 289 00:15:41,160 --> 00:15:43,040 Speaker 1: even for you know, the weekend while they get their 290 00:15:43,080 --> 00:15:45,360 Speaker 1: act together? Rick, what's your phone? Yeah? No, I don't 291 00:15:45,360 --> 00:15:48,160 Speaker 1: think so. I've never heard a period of time in 292 00:15:48,720 --> 00:15:52,280 Speaker 1: Congress where we had a government shutdown looming five days 293 00:15:52,280 --> 00:15:55,360 Speaker 1: away and everybody was basically saying the same thing, which 294 00:15:55,400 --> 00:15:57,160 Speaker 1: is we're going to fix this and pass the cr 295 00:15:57,240 --> 00:15:59,640 Speaker 1: before that. So the fact that there's nobody driving the 296 00:15:59,720 --> 00:16:02,960 Speaker 1: negat of nobody's actually saying I'm gonna hold this thing up. 297 00:16:03,480 --> 00:16:06,000 Speaker 1: Then it indicates to me that it's going to get done. Well. 298 00:16:06,000 --> 00:16:08,640 Speaker 1: We had a group of of Democrats gosh, they were 299 00:16:08,680 --> 00:16:10,600 Speaker 1: over eighty of them. I think at last count Jennie, 300 00:16:10,640 --> 00:16:13,840 Speaker 1: who were threatening to do so. Is that that's not 301 00:16:13,920 --> 00:16:16,160 Speaker 1: in the cards, is it? No? I don't think so. 302 00:16:16,240 --> 00:16:19,160 Speaker 1: I mean, their their focus was on Joe Manchin's bill, 303 00:16:19,280 --> 00:16:21,360 Speaker 1: you know bill that's that's you know, at this point, 304 00:16:21,400 --> 00:16:23,800 Speaker 1: likely not to be included, likely not to pass. They 305 00:16:23,840 --> 00:16:26,280 Speaker 1: would much rather get home to their districts. For these 306 00:16:26,360 --> 00:16:29,440 Speaker 1: House members, they all have to be campaigning and that 307 00:16:29,600 --> 00:16:31,360 Speaker 1: is the real focus now. So I think they're going 308 00:16:31,400 --> 00:16:33,320 Speaker 1: to get out as soon as possible. They could end 309 00:16:33,400 --> 00:16:35,840 Speaker 1: up staying, you know, through the weekend. Um, we've already 310 00:16:35,880 --> 00:16:37,680 Speaker 1: heard rumblings of that, but you know, I don't think 311 00:16:37,680 --> 00:16:39,480 Speaker 1: we're going to see it a shutdown. I want to 312 00:16:39,480 --> 00:16:42,480 Speaker 1: ask you about this. Uh. Comments today from Kirsten Cinema 313 00:16:42,720 --> 00:16:45,160 Speaker 1: Rick And by the way, she mentioned she was introduced 314 00:16:45,160 --> 00:16:48,520 Speaker 1: by Mitch McConnell called her the most effective first term 315 00:16:48,600 --> 00:16:51,800 Speaker 1: senator in his career. This is not a Republican he's 316 00:16:51,840 --> 00:16:55,280 Speaker 1: talking about he was introducing a Democrat at the University 317 00:16:55,280 --> 00:16:57,800 Speaker 1: of Kentucky. I believe it was the McConnell Center, that's 318 00:16:57,840 --> 00:17:00,400 Speaker 1: a matter of fact. But kirst instead of says she's 319 00:17:00,440 --> 00:17:02,680 Speaker 1: gonna call John corn and after the mid terms Rick 320 00:17:02,720 --> 00:17:05,960 Speaker 1: and get the ball rolling on this. Uh. A few 321 00:17:05,960 --> 00:17:08,359 Speaker 1: people know as much as you do about the difficulty 322 00:17:08,400 --> 00:17:12,560 Speaker 1: here in the complexities of of crafting and passing comprehensive 323 00:17:12,560 --> 00:17:17,600 Speaker 1: immigration reform. McCain Kennedy was a long time ago. Uh. 324 00:17:17,920 --> 00:17:20,639 Speaker 1: Is she about to learn a tough lesson? You know? 325 00:17:20,680 --> 00:17:23,680 Speaker 1: I hope not. Uh. Certainly, the politics hasn't got any 326 00:17:23,760 --> 00:17:27,760 Speaker 1: better for a bipartisan comprehensive immigration reform package to get 327 00:17:27,760 --> 00:17:30,919 Speaker 1: through and to become law. I would say I had 328 00:17:30,920 --> 00:17:33,320 Speaker 1: always thought that it would be a Republican president that 329 00:17:33,400 --> 00:17:36,520 Speaker 1: got it, only because that's usually the stumbling block, is 330 00:17:36,600 --> 00:17:40,920 Speaker 1: Republican leadership and getting a comprehensive bill passed. And and 331 00:17:41,000 --> 00:17:45,520 Speaker 1: when uh George W. Bush tried it and failed, I thought, um, 332 00:17:45,560 --> 00:17:47,200 Speaker 1: you know, maybe that might have been the best shot 333 00:17:47,240 --> 00:17:52,240 Speaker 1: we had. Christen Cinema has been underestimated all along her career, 334 00:17:52,440 --> 00:17:56,200 Speaker 1: and she did pass some landmark legislation this last year 335 00:17:56,440 --> 00:18:00,000 Speaker 1: in a bipartisan fashion and Republicans love to do business 336 00:18:00,040 --> 00:18:02,440 Speaker 1: us with her. She does what she says she's gonna 337 00:18:02,440 --> 00:18:06,199 Speaker 1: do and has the interest of the country ahead of 338 00:18:06,200 --> 00:18:08,800 Speaker 1: her own self interests in Arizona. So she'll pull a 339 00:18:08,880 --> 00:18:11,359 Speaker 1: primary because of it. But she I wouldn't count around 340 00:18:11,760 --> 00:18:14,520 Speaker 1: full of primary because Genie, wouldn't that be a great 341 00:18:14,560 --> 00:18:16,919 Speaker 1: story to tell, you know, as a Democrat or is 342 00:18:16,960 --> 00:18:19,960 Speaker 1: working with a Republican on that And no, go, Well, 343 00:18:20,000 --> 00:18:24,520 Speaker 1: we've already seen one of her potential or possible primary 344 00:18:24,600 --> 00:18:28,080 Speaker 1: challengers who seems to be commenting on Twitter and elsewhere 345 00:18:28,119 --> 00:18:31,200 Speaker 1: about this, you know, relationship between her and Mitch McConnell 346 00:18:31,240 --> 00:18:33,439 Speaker 1: in that high praise that you talked about. So it 347 00:18:33,600 --> 00:18:35,600 Speaker 1: is going noticed. It's going to be an issue for 348 00:18:35,640 --> 00:18:38,320 Speaker 1: her in the primary, and it is something that she's 349 00:18:38,320 --> 00:18:41,560 Speaker 1: going to have to contend with. Jennie Chantano and Rick 350 00:18:41,600 --> 00:18:44,199 Speaker 1: Davis make up our signature panel. They're back coming up. 351 00:18:44,240 --> 00:18:48,080 Speaker 1: We're gonna turn to the turmoil in the markets today 352 00:18:48,200 --> 00:18:53,280 Speaker 1: and all Rhodes lead to politics. This is Bloomberg. It's 353 00:18:53,320 --> 00:18:56,120 Speaker 1: Bloomberg sound on the fastest hour in politics time Joe 354 00:18:56,119 --> 00:18:58,800 Speaker 1: Matthew in Washington. As we turned to the matter at hand. 355 00:18:58,800 --> 00:19:00,320 Speaker 1: You heard Doug get to some of the US her 356 00:19:00,359 --> 00:19:05,800 Speaker 1: treasury yields surging and the superlatives are really starting to 357 00:19:05,840 --> 00:19:09,680 Speaker 1: scare people. Sent the ten year up by the most 358 00:19:09,680 --> 00:19:15,200 Speaker 1: since the March COVID crash. I thought I was seeing things. 359 00:19:16,240 --> 00:19:22,160 Speaker 1: The tenure climbs more than twenty basis points to levels 360 00:19:23,640 --> 00:19:29,240 Speaker 1: and that's happening here while things get complicated overseas. The 361 00:19:29,280 --> 00:19:31,800 Speaker 1: Bank of England now UK Treasury failing in a joint 362 00:19:31,800 --> 00:19:36,840 Speaker 1: bid to calm financial markets. As both indicated, investors will 363 00:19:36,840 --> 00:19:40,879 Speaker 1: need to wait until November for a real policy response 364 00:19:42,080 --> 00:19:44,440 Speaker 1: to what we're saying on the terminal is the fallout 365 00:19:44,480 --> 00:19:48,040 Speaker 1: from the new government's massive tax cuts. This is a 366 00:19:48,080 --> 00:19:52,560 Speaker 1: big deal. Liz Trust remember about an hour after she 367 00:19:52,680 --> 00:19:58,199 Speaker 1: became Prime Minister proposing massive tax cuts, talked about it, 368 00:19:58,240 --> 00:20:01,359 Speaker 1: asked about it today considering the mark reaction by Sky News. 369 00:20:01,480 --> 00:20:04,840 Speaker 1: Britain has to be competitive and if we put up taxes, 370 00:20:05,359 --> 00:20:08,920 Speaker 1: if we have allbitry taxes on energy companies, if we 371 00:20:09,200 --> 00:20:12,359 Speaker 1: have high corporation tax we're not going to get that 372 00:20:12,480 --> 00:20:17,040 Speaker 1: investment in grace. At the election of the apparent election 373 00:20:17,119 --> 00:20:20,720 Speaker 1: of Georgia Maloney, the far right candidate in Italy that's 374 00:20:20,720 --> 00:20:24,439 Speaker 1: got the Italian bond market in a tizzy. So this 375 00:20:24,520 --> 00:20:26,280 Speaker 1: of course came up today at the White House Press 376 00:20:26,280 --> 00:20:29,280 Speaker 1: Secretary Karine Jehan Pierre. We're going to continue to monitor 377 00:20:29,840 --> 00:20:33,520 Speaker 1: the global markets. What we are are laying out is 378 00:20:33,600 --> 00:20:36,440 Speaker 1: what the meeting that the President had with his economic team, 379 00:20:36,440 --> 00:20:40,840 Speaker 1: how seriously we're taking this, how closely that we are, 380 00:20:40,880 --> 00:20:44,359 Speaker 1: you know, having conversations with our teams. So they're meeting, 381 00:20:44,400 --> 00:20:46,720 Speaker 1: they're having conversations, but there's not a lot you can 382 00:20:46,720 --> 00:20:48,640 Speaker 1: do when it's coming out of another country. And that's 383 00:20:48,720 --> 00:20:51,040 Speaker 1: why we wanted to spend some time with you and Relly, 384 00:20:51,080 --> 00:20:54,680 Speaker 1: co founder and managing partner of b d A partners 385 00:20:54,720 --> 00:20:57,119 Speaker 1: back with us on Bloomberg Radio. You and how worried 386 00:20:57,119 --> 00:20:59,680 Speaker 1: are you that this just keeps getting worse, these policies 387 00:20:59,760 --> 00:21:03,160 Speaker 1: having even taking effect yet. Well, Joe, it's not it's 388 00:21:03,200 --> 00:21:06,080 Speaker 1: not good news. And I told one of your colleagues 389 00:21:06,200 --> 00:21:08,440 Speaker 1: a week a week or two ago that the UK 390 00:21:08,720 --> 00:21:13,240 Speaker 1: is uninvestable. Um, it didn't become any more investable. It's 391 00:21:13,680 --> 00:21:17,800 Speaker 1: very very difficult to know how the how the new 392 00:21:17,840 --> 00:21:22,000 Speaker 1: administration is going to reassirt credibility. What do you make 393 00:21:22,000 --> 00:21:23,760 Speaker 1: of the election in Italy and did that in fact 394 00:21:23,840 --> 00:21:26,520 Speaker 1: spook you even more as it seemed to the market 395 00:21:26,520 --> 00:21:32,960 Speaker 1: at large. The list of political worry points is quite long. Now. Um, 396 00:21:33,320 --> 00:21:36,119 Speaker 1: we're worried about China, we're worried about Ukraine, we're worried 397 00:21:36,119 --> 00:21:38,760 Speaker 1: about Russia, we're worried about the UK and now we're 398 00:21:38,800 --> 00:21:42,480 Speaker 1: worried about Italy too. So it's an alarming list. The 399 00:21:42,560 --> 00:21:45,520 Speaker 1: fear factor is high in this market. And of course 400 00:21:45,560 --> 00:21:47,600 Speaker 1: some would say that's, you know, the sign of the bottom, 401 00:21:47,640 --> 00:21:51,120 Speaker 1: the capitulation, but I'm guessing you don't see it that way. 402 00:21:51,160 --> 00:21:54,679 Speaker 1: If you think the UK is uninvestable, I'm afraid to 403 00:21:54,760 --> 00:21:58,880 Speaker 1: say I think, Um, the new administration came in, let's 404 00:21:58,920 --> 00:22:02,640 Speaker 1: trust some quasi court then came in very aggressively, as 405 00:22:02,640 --> 00:22:08,000 Speaker 1: you said earlier, making quite reckless policy pronouncements on the 406 00:22:08,040 --> 00:22:11,360 Speaker 1: first day of the administration. And uh, and I think 407 00:22:11,400 --> 00:22:13,000 Speaker 1: it's going to take a while for them to figure 408 00:22:13,000 --> 00:22:18,120 Speaker 1: out how to how to correct their their positions. So 409 00:22:18,119 --> 00:22:20,480 Speaker 1: so you and the story today really is elections have 410 00:22:20,560 --> 00:22:24,440 Speaker 1: consequences and this market has just comming to grips with them. Well, 411 00:22:24,440 --> 00:22:28,080 Speaker 1: remember remember that Liz Trust was elected by something like 412 00:22:28,160 --> 00:22:32,960 Speaker 1: seventy five thousand members of the Conservative Party um, which 413 00:22:33,000 --> 00:22:37,560 Speaker 1: again is uh is painful for a lot of other investors, 414 00:22:37,600 --> 00:22:41,040 Speaker 1: a lot of other elector you know, population In the UK, 415 00:22:41,200 --> 00:22:44,280 Speaker 1: we have a population of sixty million people and and 416 00:22:44,640 --> 00:22:48,679 Speaker 1: seventy members of one political party chose this prime minister. 417 00:22:49,280 --> 00:22:52,639 Speaker 1: Is the story that that's unfolding in the UK as 418 00:22:52,680 --> 00:22:55,560 Speaker 1: well as Italy? If that, if that turns into a 419 00:22:55,560 --> 00:22:58,160 Speaker 1: more protracted downturn in Europe, does that mean a more 420 00:23:00,040 --> 00:23:02,720 Speaker 1: acted downturn? And if I can use the word recession 421 00:23:02,760 --> 00:23:05,439 Speaker 1: here in the US, I think I think it's not 422 00:23:05,480 --> 00:23:07,520 Speaker 1: all bad news for the US. I think, you know, 423 00:23:08,119 --> 00:23:12,560 Speaker 1: invest we investors like certainty, we like predictability. There isn't 424 00:23:12,640 --> 00:23:15,879 Speaker 1: much of that around at the moment. But conversely, I 425 00:23:15,920 --> 00:23:18,560 Speaker 1: think we will see a flight to quality. I think 426 00:23:18,600 --> 00:23:23,440 Speaker 1: the UK, the US, despite its issues today political issues 427 00:23:23,640 --> 00:23:26,959 Speaker 1: and economic issues, feels like a pretty sensible place all 428 00:23:27,000 --> 00:23:29,359 Speaker 1: of a sudden. Well, I don't mean to get too cute, 429 00:23:29,400 --> 00:23:32,400 Speaker 1: but does the does the opportunity to make a little 430 00:23:32,440 --> 00:23:35,159 Speaker 1: money in the bond market, to get some returns on 431 00:23:35,320 --> 00:23:39,159 Speaker 1: your savings bring any silver lining to the financial picture 432 00:23:39,200 --> 00:23:42,760 Speaker 1: here in the US? Yes, I think so. And I 433 00:23:42,800 --> 00:23:46,720 Speaker 1: think you know, we've seen tax cuts in in Europe, 434 00:23:46,720 --> 00:23:48,879 Speaker 1: so there are some oput, there will be some opportunities 435 00:23:49,400 --> 00:23:51,720 Speaker 1: in the UK. Sorry, wee tax cuts, so there will 436 00:23:51,720 --> 00:23:56,840 Speaker 1: be some opportunities U there as well. Um, and I 437 00:23:56,880 --> 00:23:58,840 Speaker 1: think you know, it's just it just seems like a 438 00:23:58,960 --> 00:24:03,359 Speaker 1: very volatile, uh moment in history. So it's not, you know, 439 00:24:03,400 --> 00:24:08,480 Speaker 1: the right moment necessarily for conventional stock market investors. But 440 00:24:08,480 --> 00:24:11,720 Speaker 1: but of course we'll see the contrarians. Some hedge funds 441 00:24:11,760 --> 00:24:13,240 Speaker 1: are going to do well in the next couple of months. 442 00:24:13,280 --> 00:24:15,440 Speaker 1: I suspect you're not about to tell me to start 443 00:24:15,440 --> 00:24:19,080 Speaker 1: buying CDs or something, are you. I wouldn't go that far. 444 00:24:19,400 --> 00:24:21,720 Speaker 1: I wouldn't go that far, but but but i'd hold 445 00:24:21,760 --> 00:24:25,199 Speaker 1: your breath for a day or two. Yeah, you and 446 00:24:25,280 --> 00:24:27,760 Speaker 1: Rally's got way too much edge for CDs. Co founder 447 00:24:27,800 --> 00:24:30,200 Speaker 1: and managing partner at b d A Partners. Really great 448 00:24:30,200 --> 00:24:33,360 Speaker 1: pleasure of you, and thank you for always bringing some 449 00:24:33,440 --> 00:24:36,920 Speaker 1: sense to this conversation. I'm Joe Matthew in Washington. Thanks 450 00:24:36,960 --> 00:24:40,119 Speaker 1: for being with us as we start. Gosh, another fascinating 451 00:24:40,160 --> 00:24:44,480 Speaker 1: week here with some great unknowns and coming up. It 452 00:24:44,640 --> 00:24:48,359 Speaker 1: was sixty two years ago today imagine this change the 453 00:24:48,400 --> 00:24:51,920 Speaker 1: world of politics. And as we're gonna hear right now, 454 00:24:52,680 --> 00:24:56,160 Speaker 1: the debate listen has not changed very much. The candidates 455 00:24:56,200 --> 00:24:59,800 Speaker 1: need no introduction. The Republican candidate Vice President Richard M. 456 00:24:59,840 --> 00:25:04,240 Speaker 1: Nick and the Democratic candidate Senator John F. Kennada. Mr 457 00:25:04,280 --> 00:25:08,000 Speaker 1: Crushav is in New York and he maintains the Communist 458 00:25:08,040 --> 00:25:11,439 Speaker 1: defensive throughout the world because of the productive power of 459 00:25:11,480 --> 00:25:15,400 Speaker 1: the Soviet Union itself. The Chinese Communists have always had 460 00:25:15,440 --> 00:25:19,320 Speaker 1: a large population, but they are important and dangerous now 461 00:25:19,400 --> 00:25:22,360 Speaker 1: because they are mounting a major efest within their own country. 462 00:25:22,680 --> 00:25:26,240 Speaker 1: There is no question but the this nation cannot stand 463 00:25:26,320 --> 00:25:31,080 Speaker 1: still because we are in a deadly competition, a competition 464 00:25:31,119 --> 00:25:33,080 Speaker 1: not only with the men in the Kremlin, but the 465 00:25:33,080 --> 00:25:36,679 Speaker 1: men in Peking. We're ahead in this competition, as Senator 466 00:25:36,760 --> 00:25:39,960 Speaker 1: Kennedy I think is implied. But when you're in a race, 467 00:25:40,560 --> 00:25:43,480 Speaker 1: the only way to stay ahead is to move ahead. 468 00:25:44,280 --> 00:25:46,919 Speaker 1: The first televised debate Nix and Kennedy, what were they 469 00:25:46,960 --> 00:25:54,120 Speaker 1: talking about? Russia and China? Fast forward too, We've got 470 00:25:54,119 --> 00:25:55,800 Speaker 1: the best panel in the business and a lot of 471 00:25:55,800 --> 00:25:58,119 Speaker 1: news to talk about connected to both Rick Davis and 472 00:25:58,160 --> 00:26:01,920 Speaker 1: Jeanie Chantino, come in next. We picked the right place 473 00:26:01,960 --> 00:26:05,040 Speaker 1: here to get informed on the fastest hour in politics. 474 00:26:05,480 --> 00:26:12,040 Speaker 1: This is Bloomberg. You're listening to Bloomberg. You sound on 475 00:26:12,400 --> 00:26:17,639 Speaker 1: with Joe Matthew on Bloomberg Radio. Yeah, that's just seven 476 00:26:17,680 --> 00:26:21,800 Speaker 1: weeks to the mid term elections. It's really sneaking up 477 00:26:21,800 --> 00:26:24,200 Speaker 1: on us here. And we haven't seen a lot of debates. Actually, 478 00:26:24,280 --> 00:26:27,440 Speaker 1: we haven't seen really a lot of them even scheduled yet. 479 00:26:27,520 --> 00:26:29,879 Speaker 1: Dr Roz and Jhon Fetterman, they are finally going to 480 00:26:29,960 --> 00:26:33,520 Speaker 1: get one. It looks like one debate for a seat 481 00:26:33,600 --> 00:26:37,000 Speaker 1: that could decide the balance of power here in Washington. 482 00:26:37,119 --> 00:26:41,840 Speaker 1: After recalling the debate of sixty two years ago, today 483 00:26:43,520 --> 00:26:47,600 Speaker 1: it doesn't exactly feel like progress. Let's reassemble the panel, 484 00:26:47,640 --> 00:26:50,840 Speaker 1: Bloomberg Politics contributors Jeannie Chanzano and Rick Davis. What's your 485 00:26:50,840 --> 00:26:53,359 Speaker 1: thought on that, Genie. As we watch, debates kind of 486 00:26:53,400 --> 00:26:56,359 Speaker 1: become something of the past, at least the traditional televised debate. 487 00:26:56,880 --> 00:26:59,080 Speaker 1: Sometimes they'll get together and you know, do something in 488 00:26:59,520 --> 00:27:03,000 Speaker 1: in a friend the h a more friendly way, uh, 489 00:27:03,040 --> 00:27:05,159 Speaker 1: with hosts that agree with them and so forth. But 490 00:27:05,200 --> 00:27:09,840 Speaker 1: we're seeing a tradition slowly erode slowly leave us, aren't 491 00:27:09,880 --> 00:27:12,760 Speaker 1: we We are? First of all, I loved the music, 492 00:27:12,880 --> 00:27:17,159 Speaker 1: and every debate should have that music. It should, But 493 00:27:17,320 --> 00:27:19,359 Speaker 1: we are And you know, you think back to that 494 00:27:19,480 --> 00:27:22,959 Speaker 1: and how much that debate transformed the way that we 495 00:27:23,040 --> 00:27:26,800 Speaker 1: elect presidents in this country, and it brought those you know, 496 00:27:27,040 --> 00:27:30,359 Speaker 1: the elections essentially into our kitchens, into our living rooms, 497 00:27:30,720 --> 00:27:33,840 Speaker 1: and you had, you know, millions of Americans at the 498 00:27:33,920 --> 00:27:37,760 Speaker 1: same time watching what was happening. And so much of 499 00:27:37,800 --> 00:27:40,359 Speaker 1: that has changed now. I mean, just one example is 500 00:27:40,400 --> 00:27:43,879 Speaker 1: that you know, young people today, many young people don't 501 00:27:43,960 --> 00:27:47,720 Speaker 1: watch live TV. Everything is streamed. So the idea that 502 00:27:47,760 --> 00:27:50,439 Speaker 1: you'd be watching it in concert with millions of other people, 503 00:27:50,840 --> 00:27:53,520 Speaker 1: you know, it may not be that way. And of course, 504 00:27:53,920 --> 00:27:56,560 Speaker 1: you know there's other changes as well, so you know, 505 00:27:56,600 --> 00:27:59,200 Speaker 1: we aren't likely to see that come back. And maybe 506 00:27:59,359 --> 00:28:01,920 Speaker 1: for people that Richard Nixon, that might be a welcome 507 00:28:02,000 --> 00:28:04,520 Speaker 1: a welcome thing. What's your thoughts on this, Rick? Is 508 00:28:04,520 --> 00:28:06,800 Speaker 1: it because so many people have already made up their minds, 509 00:28:06,840 --> 00:28:09,160 Speaker 1: they're voting party? What? What? What leads to this? Because 510 00:28:09,200 --> 00:28:10,679 Speaker 1: a lot of candidates think they can only get in 511 00:28:10,720 --> 00:28:14,000 Speaker 1: trouble in a debate. Yeah, it's exactly that it's the ladder. Uh, 512 00:28:14,080 --> 00:28:16,840 Speaker 1: it's risk risk management, right. I mean you get to 513 00:28:16,880 --> 00:28:19,880 Speaker 1: this point where primaries are later and later, so there's 514 00:28:19,920 --> 00:28:22,440 Speaker 1: less and less time. You're really not even starting these 515 00:28:22,480 --> 00:28:24,520 Speaker 1: general elections till after Labor Day and then you've got 516 00:28:24,560 --> 00:28:27,000 Speaker 1: a sixty days sprint, and who wants to upset the 517 00:28:27,040 --> 00:28:29,480 Speaker 1: Apple card? Even when you're behind, You know, maybe you 518 00:28:29,560 --> 00:28:32,320 Speaker 1: chase your your opponent who's in the lead, to get 519 00:28:32,320 --> 00:28:34,560 Speaker 1: a debate, and maybe they'll give you one, like in 520 00:28:34,600 --> 00:28:38,800 Speaker 1: the situation with with Oz and Fetterman. But the reality 521 00:28:38,920 --> 00:28:42,400 Speaker 1: is it just it does still matter, right, I mean, 522 00:28:42,480 --> 00:28:46,240 Speaker 1: debates matter, which is why they're so high risk. And 523 00:28:46,760 --> 00:28:50,240 Speaker 1: even though you know, they're not always based on a 524 00:28:50,960 --> 00:28:54,400 Speaker 1: you know, an iPhone so that most people would watch them, 525 00:28:54,440 --> 00:28:57,920 Speaker 1: as Genie says, they're very few of us relics sitting 526 00:28:57,920 --> 00:29:01,320 Speaker 1: around watching the evening news these days on television. Um, 527 00:29:01,360 --> 00:29:06,000 Speaker 1: the reality is that in a political campaign, they introduce 528 00:29:06,080 --> 00:29:09,560 Speaker 1: an element of risk that most people have become immune to. 529 00:29:09,760 --> 00:29:12,520 Speaker 1: They just don't want it. They want those TV ads 530 00:29:12,520 --> 00:29:15,360 Speaker 1: that they can control. They want the ground game they 531 00:29:15,360 --> 00:29:18,600 Speaker 1: can operate by stick. So, uh, this is still the 532 00:29:18,640 --> 00:29:22,520 Speaker 1: wild West in campaigns, And I'm glad that they people 533 00:29:22,560 --> 00:29:24,840 Speaker 1: think they're elevant enough to worry about them. Well, you're 534 00:29:24,840 --> 00:29:28,480 Speaker 1: a specialist in preparing politicians for debates, you like, this 535 00:29:28,520 --> 00:29:31,560 Speaker 1: is your game, Rick, Do they actually help voters? If 536 00:29:31,560 --> 00:29:34,560 Speaker 1: we've decided they don't actually help the candidates? There have 537 00:29:34,600 --> 00:29:37,600 Speaker 1: been many, many instances over time, including that debate you 538 00:29:37,760 --> 00:29:44,320 Speaker 1: just played, where presidential elections were determined by the conduct 539 00:29:44,400 --> 00:29:47,200 Speaker 1: of the candidate during the debate, the famous moments of 540 00:29:47,240 --> 00:29:50,640 Speaker 1: George H. W. Bush looking at his watch while Bill 541 00:29:50,640 --> 00:29:55,560 Speaker 1: Clinton pontificated along. Uh, you know that the situation in 542 00:29:55,560 --> 00:29:58,360 Speaker 1: in sixty eight where it wasn't even so much what 543 00:29:58,400 --> 00:30:01,280 Speaker 1: was said but how you looked. Uh. And TV was 544 00:30:01,320 --> 00:30:04,280 Speaker 1: a new thing then, But the reality is that, yes, 545 00:30:04,920 --> 00:30:07,520 Speaker 1: people still watch him. Forty million people will watch a 546 00:30:07,560 --> 00:30:11,640 Speaker 1: presidential debate. That's not a small thing. And uh and 547 00:30:11,640 --> 00:30:14,640 Speaker 1: and I do think though, they need to be upgraded, right, 548 00:30:14,680 --> 00:30:16,960 Speaker 1: I mean, we're tired of the show stuff, you know, 549 00:30:17,200 --> 00:30:20,600 Speaker 1: in front of crowds at cheer and boo. That presidential 550 00:30:20,640 --> 00:30:22,640 Speaker 1: bate you played was in a studio with those two 551 00:30:22,720 --> 00:30:25,720 Speaker 1: people and a moderator, and that's it. I think people 552 00:30:25,760 --> 00:30:27,160 Speaker 1: would get a lot more out of that kind of 553 00:30:27,160 --> 00:30:30,080 Speaker 1: a format a panel of moderators. You know who wants 554 00:30:30,160 --> 00:30:32,959 Speaker 1: to debate Jennie wants to debate Joe Biden. It's not 555 00:30:33,000 --> 00:30:36,040 Speaker 1: Donald Trump. I challenged the president to join with us, 556 00:30:36,080 --> 00:30:40,160 Speaker 1: let's go across the country and less debate what his 557 00:30:40,240 --> 00:30:42,880 Speaker 1: policies has done to America and our plan for a 558 00:30:42,920 --> 00:30:46,280 Speaker 1: new direction, and less let America make the decision for 559 00:30:46,320 --> 00:30:48,520 Speaker 1: the best way for this country to go forward. It's 560 00:30:48,560 --> 00:30:51,160 Speaker 1: Kevin McCarthy, of course, the minority leader who unveiled his 561 00:30:51,200 --> 00:30:55,840 Speaker 1: commitment to America as you discussed on Friday, that came 562 00:30:55,880 --> 00:30:59,840 Speaker 1: with a challenge to debate the president. I'm assuming, Genie, 563 00:30:59,840 --> 00:31:02,520 Speaker 1: he's not going to take that challenge. Yeah, I would 564 00:31:02,600 --> 00:31:06,880 Speaker 1: assume Joe Biden would not. And interesting that Kevin McCarthy is, 565 00:31:07,120 --> 00:31:09,520 Speaker 1: you know, challenging Joe Biden to a debate and says 566 00:31:09,560 --> 00:31:12,040 Speaker 1: not one word about the leader of his own party 567 00:31:12,280 --> 00:31:15,040 Speaker 1: who himself says he is likely running for president, which 568 00:31:15,080 --> 00:31:18,120 Speaker 1: is Donald Trump. So that is interesting, and you know, 569 00:31:18,200 --> 00:31:20,239 Speaker 1: we should say there is a debate coming up on 570 00:31:20,240 --> 00:31:23,320 Speaker 1: Friday between Greg Abbott and Beta o'burke, I understand, is 571 00:31:23,360 --> 00:31:25,840 Speaker 1: the only one that they're going to have for this election. 572 00:31:26,200 --> 00:31:28,000 Speaker 1: But that I think is going to be a very 573 00:31:28,120 --> 00:31:31,560 Speaker 1: interesting and maybe even a heated debate. I'm not sure. 574 00:31:31,600 --> 00:31:34,800 Speaker 1: At down in Texas, you know, Donald Trump was out 575 00:31:34,840 --> 00:31:36,760 Speaker 1: again over the weekend. He held another rally. I guess 576 00:31:36,760 --> 00:31:38,640 Speaker 1: this is like every Saturday night now, I'm not sure 577 00:31:38,880 --> 00:31:42,040 Speaker 1: North Carolina. This time he's stomping for Ted Bud and 578 00:31:42,080 --> 00:31:43,960 Speaker 1: he did the whole music thing again. He played the 579 00:31:44,040 --> 00:31:46,520 Speaker 1: queue song again. Did you guys see this and what 580 00:31:46,520 --> 00:31:47,880 Speaker 1: what it was like that? You know? He ends this 581 00:31:47,960 --> 00:31:50,600 Speaker 1: with two three minutes. It was much longer this time, though, 582 00:31:51,040 --> 00:31:54,000 Speaker 1: and there was much more ad libbing. The speech even 583 00:31:54,040 --> 00:31:57,280 Speaker 1: got to the the cleanliness of our airports. We are 584 00:31:57,320 --> 00:32:01,480 Speaker 1: a nation who has once revered airports or dirty and 585 00:32:01,560 --> 00:32:05,000 Speaker 1: a crowded mess where you sit and wait for hours 586 00:32:05,040 --> 00:32:08,280 Speaker 1: and then are notified that the plane won't leave, and 587 00:32:08,320 --> 00:32:11,360 Speaker 1: they have no idea when it will, and they should 588 00:32:11,440 --> 00:32:14,680 Speaker 1: wear ticket prices are through the roof. They don't have 589 00:32:14,760 --> 00:32:17,600 Speaker 1: the pilots fly the planes, they don't want or see 590 00:32:17,760 --> 00:32:23,560 Speaker 1: qualified air traffic controllers, and they don't know what they're doing. 591 00:32:23,640 --> 00:32:27,600 Speaker 1: I'm not sure that last part was true. Uh, he doesn't, 592 00:32:27,760 --> 00:32:29,840 Speaker 1: do you think he's flying in through airport? Go and 593 00:32:29,880 --> 00:32:31,959 Speaker 1: spend a lot of time in the you know gates 594 00:32:32,000 --> 00:32:35,360 Speaker 1: a terminal sea there for for Jet Blue. Rick, I'm 595 00:32:35,360 --> 00:32:38,840 Speaker 1: assuming that probably not Jet Blue. But I do remember 596 00:32:38,840 --> 00:32:42,080 Speaker 1: the days that there was Trump Airlines, and that's from 597 00:32:42,080 --> 00:32:45,280 Speaker 1: Washington to New York on that thing with leather seats, 598 00:32:45,560 --> 00:32:47,560 Speaker 1: and in the summertime, you don't want to sit in 599 00:32:47,560 --> 00:32:51,719 Speaker 1: atter seat on an airplane in gold buckles, you know, 600 00:32:51,960 --> 00:32:53,840 Speaker 1: I'll tell you a genie. I have to admit, though 601 00:32:53,840 --> 00:32:56,040 Speaker 1: in the middle of this he's doing the the airport 602 00:32:56,120 --> 00:32:59,800 Speaker 1: routine and all this stuff, he still finds time to 603 00:33:00,040 --> 00:33:03,080 Speaker 1: condemn the news media in the way that only he can. 604 00:33:03,800 --> 00:33:06,720 Speaker 1: We are a nation that no longer has a free 605 00:33:07,720 --> 00:33:13,280 Speaker 1: and fair press. Fake news is all you get, and 606 00:33:13,320 --> 00:33:17,080 Speaker 1: they are the enemy of the people. Okay, so it's 607 00:33:17,080 --> 00:33:19,280 Speaker 1: been a while since we've been called that, maybe since 608 00:33:19,360 --> 00:33:21,840 Speaker 1: last Saturday. But Jennie, there are a lot of concerns 609 00:33:21,840 --> 00:33:26,040 Speaker 1: in this country about political violence and this is not helping. No, 610 00:33:26,200 --> 00:33:30,120 Speaker 1: it's not. And you know, we had the Republican candidate 611 00:33:30,400 --> 00:33:34,360 Speaker 1: for governor in Michigan, how you know, making light of 612 00:33:34,400 --> 00:33:39,320 Speaker 1: the kidnapping, you know, efforts attempts um that resulted in 613 00:33:39,520 --> 00:33:42,680 Speaker 1: arrests and two convictions you know, just in the last 614 00:33:42,720 --> 00:33:46,440 Speaker 1: few days, um, and we've all heard about reports of 615 00:33:46,720 --> 00:33:51,320 Speaker 1: violence increasing as it pertains to public officials and political leaders. 616 00:33:51,360 --> 00:33:53,600 Speaker 1: So this is not a joking matter. And you know, 617 00:33:53,800 --> 00:33:56,360 Speaker 1: the most astonishing part of this is that you have 618 00:33:56,480 --> 00:34:01,600 Speaker 1: somebody who you know is facing six ager legal challenges, 619 00:34:02,040 --> 00:34:04,920 Speaker 1: and yet he is doing more rallies than ever at 620 00:34:04,920 --> 00:34:08,320 Speaker 1: this point, probably raising more money than ever. At this point, 621 00:34:08,600 --> 00:34:11,280 Speaker 1: he remains the face of one of the major parties 622 00:34:11,280 --> 00:34:15,360 Speaker 1: in our country, and he is flirting with a conspiracy 623 00:34:15,480 --> 00:34:18,520 Speaker 1: theory in the name of q and on which embraces 624 00:34:18,719 --> 00:34:22,960 Speaker 1: really dangerous mission misinformation and rhetoric. And you know that 625 00:34:23,080 --> 00:34:27,359 Speaker 1: has driven so many Republicans, including Liz Cheney from potentially 626 00:34:27,440 --> 00:34:30,200 Speaker 1: she says, if he's the nominee from the party, so 627 00:34:30,320 --> 00:34:33,200 Speaker 1: it is a confounding time from that person. Spent some 628 00:34:33,280 --> 00:34:35,720 Speaker 1: time on Liz Cheney actually and said that he thought 629 00:34:35,719 --> 00:34:40,120 Speaker 1: that Rick that her her loss in the primary was 630 00:34:40,160 --> 00:34:43,080 Speaker 1: an indication that January six was quote unquote going away. 631 00:34:43,960 --> 00:34:46,400 Speaker 1: Uh are these words empty? Now when you hear an 632 00:34:46,480 --> 00:34:48,719 Speaker 1: enemy of the American people, should we be worried about that? 633 00:34:48,840 --> 00:34:50,880 Speaker 1: Or is this just about Trump? Again? It's just a 634 00:34:51,080 --> 00:34:53,360 Speaker 1: it's it's another Trump is um, you know. I I 635 00:34:54,080 --> 00:34:56,359 Speaker 1: think it is a lot of sort of checked in 636 00:34:56,480 --> 00:34:59,000 Speaker 1: and checked out. All right, The Trump is ms are 637 00:34:59,120 --> 00:35:01,640 Speaker 1: rampant in these things we now, you know, Rick got 638 00:35:01,680 --> 00:35:04,839 Speaker 1: regularly immune to the fact that he goes on these 639 00:35:04,920 --> 00:35:08,120 Speaker 1: benders about everything from airport cleanliness that you brought up 640 00:35:08,120 --> 00:35:11,360 Speaker 1: to you know, the lack of flushing capability in American 641 00:35:11,400 --> 00:35:13,960 Speaker 1: toilets today. I mean, don't we really care about that? 642 00:35:14,440 --> 00:35:16,399 Speaker 1: As Genie said, you know, there's a guy who could 643 00:35:16,400 --> 00:35:19,440 Speaker 1: be president again and is a threat to democracy in 644 00:35:19,440 --> 00:35:22,799 Speaker 1: our own country, not mentioned potentially around the world. So 645 00:35:23,200 --> 00:35:25,560 Speaker 1: you can't really, uh make it too much of a 646 00:35:25,640 --> 00:35:27,719 Speaker 1: joke about it. But it's kind of becoming a joke 647 00:35:27,840 --> 00:35:30,000 Speaker 1: that I don't know what has happened with this q 648 00:35:30,160 --> 00:35:32,600 Speaker 1: and on music that they play, but it's like it 649 00:35:32,680 --> 00:35:35,600 Speaker 1: has this zanex effect on the way he talks. I mean, 650 00:35:35,760 --> 00:35:39,000 Speaker 1: it's just amazing that he just goes into this lull 651 00:35:39,120 --> 00:35:42,640 Speaker 1: you to sleep kind of thing monitone. So there's something 652 00:35:42,680 --> 00:35:45,600 Speaker 1: weird going on in Trump world. Yeah, to end, we look, 653 00:35:45,600 --> 00:35:47,040 Speaker 1: if you were with us last week, I gave you 654 00:35:47,080 --> 00:35:49,319 Speaker 1: the background of the extent that we understand it, and 655 00:35:49,360 --> 00:35:51,719 Speaker 1: by that I mean, we don't why this became a 656 00:35:51,840 --> 00:35:54,600 Speaker 1: Q one on theme, but you know, he let this 657 00:35:54,719 --> 00:35:59,480 Speaker 1: thing established before he started talking. They gave everything into 658 00:35:59,560 --> 00:36:03,840 Speaker 1: the great ist and most powerful nation in the history 659 00:36:03,880 --> 00:36:11,840 Speaker 1: of the world. Now let it rest. They love this, 660 00:36:12,000 --> 00:36:15,719 Speaker 1: they go wild because of its implication. But now we 661 00:36:15,800 --> 00:36:19,799 Speaker 1: are a nation in Jacly Kleine. Uh, this is gonna 662 00:36:19,840 --> 00:36:22,480 Speaker 1: be I presume Genie the rest of the campaign, right, 663 00:36:22,480 --> 00:36:23,920 Speaker 1: and if we're gonna hear this song for the next 664 00:36:23,960 --> 00:36:27,080 Speaker 1: two years, we will. It seems to be working for 665 00:36:27,120 --> 00:36:29,799 Speaker 1: the people in the audience. And you know, just look 666 00:36:29,800 --> 00:36:33,200 Speaker 1: at the Washington Post poll out over the weekend, Republicans 667 00:36:35,120 --> 00:36:38,520 Speaker 1: preferred Donald Trump be their nominee in twenty four. That 668 00:36:38,719 --> 00:36:41,080 Speaker 1: is where one of our major parties sit right now. Now. 669 00:36:41,239 --> 00:36:44,400 Speaker 1: Granted forty six want them to think about somebody else, 670 00:36:44,760 --> 00:36:47,799 Speaker 1: but that is you know, this is somebody who is 671 00:36:47,840 --> 00:36:51,279 Speaker 1: not just a sort of fringe candidate. He remains the 672 00:36:51,320 --> 00:36:55,680 Speaker 1: most important leader and he has transformed this party. And 673 00:36:55,760 --> 00:36:59,120 Speaker 1: that's where what we're facing in two We'll pick this 674 00:36:59,239 --> 00:37:02,239 Speaker 1: up tomorrow with Rick and Jennie. Many thanks to both 675 00:37:02,280 --> 00:37:04,680 Speaker 1: of you for a great conversation. Jeannie Chantano, when Rick 676 00:37:04,719 --> 00:37:09,600 Speaker 1: Davis make up our signature panel Bloomberg Politics contributors. Something 677 00:37:09,680 --> 00:37:13,680 Speaker 1: real cool about to happen. Not long from now pm. 678 00:37:13,719 --> 00:37:17,320 Speaker 1: The Dark Mission hits the asteroid. We'll talk about it tomorrow. 679 00:37:17,480 --> 00:37:18,719 Speaker 1: This is Bloomberg