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Trump to Release Election Integrity 'Findings' in Primetime Address · Balance of Power

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  Speaker 2: Radio today, and at the White House as we speak,
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  Speaker 2: we're preparing to see a briefing from the White House
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  Speaker 2: Press Secretary Caroline Lovett, who should retake the podium any
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  Speaker 2: minute now, her first briefing with reporters show. Of course,
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  Speaker 2: since having her second child. She is back from maternity leave,
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  Speaker 2: and I would imagine she's going to be pressed a
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  Speaker 2: number of times as to what exactly she knows about
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  Speaker 2: what the President is planning to say in his primetime addresses.
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  Speaker 3: Yeah, we haven't seen her in this forum in some time,
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  Speaker 3: and she's going to, I'm I'm sure, try to frame
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  Speaker 3: what the President wants to talk about this evening without
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  Speaker 3: getting in front of the boss. There's only so much
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  Speaker 3: that you want to say, and of course there's only
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  Speaker 3: so much that everyone knows about what exactly is inside
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  Speaker 3: Donald Trump's head. He's known for tweaking the script right
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  Speaker 3: up until the moment is put on the prompter and
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  Speaker 3: then ad libbing around it.
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  Speaker 4: When it's on the paddles.
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  Speaker 3: I guess we'll be in the East Room tonight. I'm
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  Speaker 3: curious to know if he has an audience again this time.
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  Speaker 3: I remember there was a seated crowd filled with cabinet
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  Speaker 3: officials and others last time he did one of these.
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  Speaker 2: Yeah, there's been reporting that the FBI director Cash Bettel
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  Speaker 2: could be involved this go around, as it is expected.
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  Speaker 2: At least it has been reported that the President is
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  Speaker 2: going to unveil new intelligence pertaining to the twenty twenty election.
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  Speaker 2: But we're all on tender hooks to find out. We
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  Speaker 2: actually don't know. None of this is confirmed.
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  Speaker 3: This is going to be something, which is why we
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  Speaker 3: start at the White House. Bloomberg's Tyler Kendall is on
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  Speaker 3: a sweltering north lawn right now. It's about ninety five
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  Speaker 3: degrees here in the nation's capital. As we anticipate the
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  Speaker 3: smoke plumes, we'll be looking a lot like New York.
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  Speaker 3: They say, by tomorrow, Tyler, what's in store for us
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  Speaker 3: this evening, the President speaking nine pm Eastern. What do
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  Speaker 3: you know about it?
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  Speaker 5: Well, Joe, at this point, we know it's going to
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  Speaker 5: be a primetime address. President Trump is set to address
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  Speaker 5: the nation about what we're expecting to be As you
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  Speaker 5: both are outlining election security. There has been various reporting
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  Speaker 5: on exactly what the President could lay out tonight, including
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  Speaker 5: this report from Politico that says that he will focus
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  Speaker 5: on the declassification of previously unseen intelligence related to the
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  Speaker 5: twenty twenty election. But as you both mentioned, we don't
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  Speaker 5: know at this point, but we do know that there's
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  Speaker 5: a lot of contexts leading up to this, which is
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  Speaker 5: that President Trump, for the most part in the past weeks,
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  Speaker 5: has really been pinning most of his legislative agenda on
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  Speaker 5: the Save America Act, that voter ID law that would
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  Speaker 5: tighten restrictions around voting as we head into the midterm elections.
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  Speaker 5: He's tied it to most of the legislation on Capitol Hill,
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  Speaker 5: from the FAISA extension to that housing bill back by
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  Speaker 5: Portisan bill that he didn't put his signature on the
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  Speaker 5: other context that we know, of course, is that there
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  Speaker 5: are very slim marks jins when it comes to Congress,
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  Speaker 5: and perhaps this could be trying to lay the groundwork
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  Speaker 5: as we head into the midterm elections. Democrats only need
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  Speaker 5: a net gain of three seats in the House and
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  Speaker 5: four seats in the Senate to flip those respective chambers,
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  Speaker 5: and I would expect that the President's going to talk
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  Speaker 5: about his views on this as we get closer to
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  Speaker 5: election day.
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  Speaker 2: Well, and of course election day does just grow ever
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  Speaker 2: closer with every passing day, Tyler, and that looming election
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  Speaker 2: and the economic consequence of what has happened in the
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  Speaker 2: Middle East that could impact voters as they head to
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  Speaker 2: the elections is the reason why the President was pursuing
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  Speaker 2: a deal with Iran and entered the memorandum of understanding that,
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  Speaker 2: of course, he has since declared dead. As we see
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  Speaker 2: a resumption of hostilities with Iran, do we expect that
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  Speaker 2: he'll have anything to tell the country about the prosecution
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  Speaker 2: of those operations moving forward. The last time he did this,
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  Speaker 2: as I recall, he was talking about Iran and how
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  Speaker 2: he expected that it could be wrapped up in a
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  Speaker 2: matter of weeks, and that was back in April.
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  Speaker 5: Keyley, it's definitely a possibility. President Trump himself said yesterday
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  Speaker 5: that he would have really big news, seeming to allude
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  Speaker 5: to the election security aspect of this, but he also
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  Speaker 5: said that he would speak on other topics. So at
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  Speaker 5: this point we're going to have to see if he
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  Speaker 5: does give some sort of update, as it's been very
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  Speaker 5: clear that the US is opting for tighter economic pressure
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  Speaker 5: and also kinetic action to try to force Ron back
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  Speaker 5: to the negotiating table. We had President Trump yesterday reiterating
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  Speaker 5: his threats to hit Iranian energy infrastructure by next week
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  Speaker 5: if they don't start to resume talks, as well as
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  Speaker 5: seeing just overnight the US target a super tanker near
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  Speaker 5: carg Island that was headed towards an Iranian port in
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  Speaker 5: the first instance of the US upholding its naval blockade
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  Speaker 5: that it re enacted earlier this week. At this point,
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  Speaker 5: Joe and Kelley, things are pointed toward escalation, but as
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  Speaker 5: we have learned in the cycle of this conflict, there
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  Speaker 5: can always be some sort of breakthrough that may tamp
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  Speaker 5: down those tensions. So we'll be on the lookout to
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  Speaker 5: see if President Trump announces anything that either ratchets up
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  Speaker 5: the tensions or perhaps gives us some sort of leeway
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  Speaker 5: when it comes to the diplomatic channels that we know
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  Speaker 5: this White House would like to pursue.
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  Speaker 2: All right, Bloomberg's Tyler Kendall live at the White House
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  Speaker 2: for us, Thank you so much. As Tyler told you,
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  Speaker 2: and as we've told you, no one knows for sure
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  Speaker 2: what the President will say, though I would imagine that
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  Speaker 2: there's going to be some bets in the betting markets
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  Speaker 2: around what he could say. Joe, I just have to
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  Speaker 2: mention quickly this story, this report that the teleprompter operator
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  Speaker 2: that Trump has long long worked with for years apparently
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  Speaker 2: was able to make one hundred thousand dollars betting on
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  Speaker 2: what would be in his speeches. And this is under
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  Speaker 2: investigation now by Washington.
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  Speaker 4: Yeah, on kylshe you got to be kidnemed. I guess
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  Speaker 4: you're in the cap birds seat.
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  Speaker 3: When you're the one loading the speech into the prompter
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  Speaker 3: and you know what's going to be announced. It also
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  Speaker 3: reminds us how quickly these things take place. You get
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  Speaker 3: seconds notice and you can make that much money on
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  Speaker 3: how she fascinating that it was Cawshi that reported this
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  Speaker 3: to authorities maybe.
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  Speaker 2: Trying to ingratiate themselves. It's not all bad. We are
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  Speaker 2: also self police, considering and self regulating. In the absence
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  Speaker 2: of who's going to be on the teleprompter tonight, that
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  Speaker 2: is an excellent question. Will there be a teleprompter tonight
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  Speaker 2: that may dictate how long exactly this prime time? Yes,
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  Speaker 2: that one is going to be, but of course it
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  Speaker 2: is expected a lot of this may center around the
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  Speaker 2: twenty twenty election. Even as the twenty twenty six midterm
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  Speaker 2: elections approach. This could be some relitigation. We saw plenty
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  Speaker 2: of reltigation yesterday as well, in confirmation hearings for two
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  Speaker 2: key appointees that the President has wants to serve and
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  Speaker 2: key roles in the government, including the Director of National
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  Speaker 2: Intelligence nominee J. Clayton, who, of course used to run
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  Speaker 2: the SEC was a US attorney for the Southern District
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  Speaker 2: of New York. Was asked repeatedly who won the twenty
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  Speaker 2: twenty election. Didn't always give an answer, as evidenced by
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  Speaker 2: what has exchanged with Democratic Senator of Georgia John Ossoff,
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  Speaker 2: looked like yesterday, listen.
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  Speaker 4: Who won the twenty election? You know I'm not going
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  Speaker 4: to do this with you. This is a job interview.
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  Speaker 6: We've established that you have an obligation I'm pretty honest
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  Speaker 6: and forthright with the committee. Yes, you do have an
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  Speaker 6: obligation to be honest and forthright with the committee. Yes,
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  Speaker 6: who won the twenty twenty election?
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  Speaker 4: Like I said, I'm not going to get into that
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  Speaker 4: with you.
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  Speaker 6: But you do have an obligation to be honest and
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  Speaker 6: forthright with the committee.
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  Speaker 4: Is anything that I just said not honest or forthright? Yes,
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  Speaker 4: you're not being honest or forthright? Who won? The time
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  Speaker 4: to ask the question? We can keep doing this and
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  Speaker 4: they did, by the way.
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  Speaker 2: Yeah, this went on for a bit and there were
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  Speaker 2: a number of exchanges that sounded pretty similar.
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  Speaker 4: Yes, exactly to that.
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  Speaker 2: But all of this, of course leads up to the
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  Speaker 2: address the President will give tonight, and again twenty twenty
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  Speaker 2: could come up repeatedly in that speech as well. So
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  Speaker 2: on that note, we turned now to Andre Gillespie, who
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  Speaker 2: is joining us from Emory University, where she's associate professor
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  Speaker 2: of political science. We frequently talked to her about Georgia
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  Speaker 2: and Georgia politics, and it does seem Andre, welcome back
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  Speaker 2: to the show that Georgia could be at the very
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  Speaker 2: center of the claims the President's getting ready to make tonight,
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  Speaker 2: both in terms of say, what happened in Fulton County
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  Speaker 2: and also even it's been reported, could look into the
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  Speaker 2: results that elected John Ossoff and Rafael Warnock in the
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  Speaker 2: first place. Will voters in Georgia or anywhere else believe that?
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  Speaker 7: I think it really comes down to the quality of
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  Speaker 7: the evidence that's presented. So if President Trump wants to
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  Speaker 7: make this case, and he says that this Election Security
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  Speaker 7: Commission that he's put together has findings, people are going
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  Speaker 7: to have to interrogate those They're going to have to
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  Speaker 7: interrogate the quality of the source, whether or not it
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  Speaker 7: is objective, whether or not the analysis is systematic or not.
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  Speaker 7: But suffice to say, he has an uphill climb. If
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  Speaker 7: we look nationally at what people think about the results
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  Speaker 7: of the twenty twenty election, the economists and you did
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  Speaker 7: a survey that came out about a month ago. Only
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  Speaker 7: twenty eight percent of Americans believed that Donald Trump really
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  Speaker 7: won the twenty two on the election. If we break
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  Speaker 7: that down by party, it's about half of Republicans. So
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  Speaker 7: there are a lot of people who will need convincing,
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  Speaker 7: and there are a lot of people who will also
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  Speaker 7: want to ask whether or not this line of inquiry
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  Speaker 7: is even valid or prudent at this time. Given all
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  Speaker 7: the challenges that our nation is facing right.
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  Speaker 3: Now, well, let's catalog some of them. The president, professor says,
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  Speaker 3: or at least his subordinates say, he could talk about
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  Speaker 3: a range of issues. This is the narrative we've been
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  Speaker 3: hearing throughout the week, knowing that he wants to have
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  Speaker 3: a higher cadence of these primetime addresses that he is
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  Speaker 3: typically not embraced if he does, in fact get to
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  Speaker 3: the economy.
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  Speaker 4: This evening gets.
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  Speaker 3: To iran, what's the impact for voters here who are
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  Speaker 3: trying to balance their own lives here and follow the
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  Speaker 3: ball at the White House.
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  Speaker 7: Well, this primetime address format is actually an interesting format.
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  Speaker 7: Political scientist Samuel Kurnell kind of developed this idea called
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  Speaker 7: going public more than forty years ago, and he was
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  Speaker 7: using the Reagan administration's use of these primetime addresses as
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  Speaker 7: an example here. And so what President Reagan did and
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  Speaker 7: what President Trump could be doing tonight is using primetime
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  Speaker 7: addresses to circumvent Congress, to try to persuade individual voters
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  Speaker 7: to put pressure on their congress members, on their senators
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  Speaker 7: to vote for legislation. So if this is about voting,
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  Speaker 7: then I think the big question is does President Trump
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  Speaker 7: use this to try to boost his say that which
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  Speaker 7: is stalled, or is he going to try to announce
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  Speaker 7: some type of unilateral action that could immediately be put
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  Speaker 7: into court because of questions about whether or not the
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  Speaker 7: executive branch has power over elections or whether or not
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  Speaker 7: it looks like he's trying to suspend elections. So we
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  Speaker 7: have to wait to see exactly where this is going.
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  Speaker 7: If he's going to make these addresses, I think it
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  Speaker 7: becomes a question of whether or not he uses as
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  Speaker 7: persuasion to try to influence the legislative branch to align
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  Speaker 7: with his agenda, or whether or not he's using it
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  Speaker 7: to justify some type of unilateral action at whether or
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  Speaker 7: not that unilateral action would actually be deemed constitutional, even
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  Speaker 7: within the context of expansive presidential power.
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  Speaker 2: Well, and on the persuasion idea on or it's one
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  Speaker 2: thing to persuade elected officials to try to do things.
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  Speaker 2: It's another to persuade voters to show out and to
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  Speaker 2: vote your way. If this is primarily going to be
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  Speaker 2: about twenty twenty an election integrity. Does that not play
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  Speaker 2: to the president's base? Is that not motivating for them?
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  Speaker 7: So it might be motivating to the base, where you
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  Speaker 7: could look at half of them believing that that President
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  Speaker 7: Trump didn't win the twenty twenty election as an evidence
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  Speaker 7: of slippage in some way, shape or form. But I
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  Speaker 7: think the important thing to kind of keep in mind
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  Speaker 7: is that when we're talking about congressional elections in this cycle,
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  Speaker 7: given party polarization, most seats are safe. We're talking about
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  Speaker 7: a handful a few dozen districts that could be swing.
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  Speaker 7: This is not helpful for them. This is also not
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  Speaker 7: necessarily going to be helpful and most salient even for
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  Speaker 7: base voters who might have concerns about other issues like
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  Speaker 7: the state of the economy, like our continued involvement in
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  Speaker 7: the war in Iran, and other types of issues. And
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  Speaker 7: so I think the question that we may be thinking
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  Speaker 7: about tomorrow, once we've heard the speech and once we
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  Speaker 7: know what action he's proposing or what his big announcement is,
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  Speaker 7: is whether or not this was actually a good use
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  Speaker 7: of time.
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  Speaker 3: Democratic Congressman Jim Himes, with an op ed in the
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  Speaker 3: New York Times talking about this very issue, Professor the
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  Speaker 3: headline on the guest essay, Trump's election denial has never
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  Speaker 3: been more dangerous, and he floats the prospect knowing that,
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  Speaker 3: as Kaylee mentioned, FBI Director Cash Pateel maybe part of this,
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  Speaker 3: along with others, including Bill Pulty. His concern that Bill
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  Speaker 3: Pulty or others could declassify certain documents that are not
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  Speaker 3: in fact credible anecdotal evidence, things that have not been
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  Speaker 3: confirmed by our intelligence agencies, could really change some American's
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  Speaker 3: view of the electoral system and the security around elections,
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  Speaker 3: which begs the question is this about twenty twenty or
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  Speaker 3: is this about twenty twenty six.
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  Speaker 7: I think it's about both. President Trump certainly has an
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  Speaker 7: incentive for his legacy to try to relitigate twenty twenty
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  Speaker 7: because I think he wants to at the end feel vindicated,
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  Speaker 7: and this is the way that he has decided that
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  Speaker 7: he will feel vindicated. It's not enough to have come
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  Speaker 7: back in won election again in twenty twenty four for him,
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  Speaker 7: he has to prove that everything was wrong about twenty
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  Speaker 7: twenty and perhaps get a pound of flesh from people who.
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  Speaker 4: Were involved in that.
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  Speaker 7: I think the danger with this classified information being declassified
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  Speaker 7: selectively is whether or not people are discerning of the
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  Speaker 7: source of the information and the quality and the systematic
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  Speaker 7: analysis of that information, and so it could reinforce ideas
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  Speaker 7: amongst people who have been misinformed that their thoughts and
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  Speaker 7: that there are sort of instincts about the twenty twenty
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  Speaker 7: election were real. There are also people who would be
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  Speaker 7: inured to that, sometimes for superficial reasons, like it's coming
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  Speaker 7: from the wrong party, but also because there are other
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  Speaker 7: people who might be better equipped to be able to
• 14:21
  Speaker 7: discern misinformation and then to be able to kind of
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  Speaker 7: dispel that from their thought process.
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  Speaker 3: It's good to have you back with this, Professor Andre Gillespie,
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  Speaker 3: Associate professor political Science at Emory University. Great to have you,
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  Speaker 3: and of course we're going to carry this speech from
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  Speaker 3: President Trump this evening. It starts at nine.
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  Speaker 4: Pm Washington time.
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  Speaker 3: Congressman Heims. In this piece, Kayley says, I have read
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  Speaker 3: the most detailed version of this assessment of the election,
• 14:48
  Speaker 3: and the declassified findings are fully consistent with the classified material,
• 14:53
  Speaker 3: which was based on exceptionally sensitive, high value, high confidence intelligence.
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  Speaker 3: His concern is that we'll be cherry picking things this
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  Speaker 3: evening declassifying unsubstantiated reports from human sources that could say
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  Speaker 3: a lot of wild things.
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  Speaker 2: Yeah, he of course can't divulge what he's been told
• 15:08
  Speaker 2: in classified briefings. But it did say in that piece
• 15:11
  Speaker 2: that he has seen no evidence of activity to actually
• 15:15
  Speaker 2: disrupt the voting process in the midterms coming from adversaries
• 15:19
  Speaker 2: of the United States. But of course this is going
• 15:22
  Speaker 2: to be the subject of much debate throughout the day
• 15:23
  Speaker 2: to day leading up to the president's speech, and I
• 15:25
  Speaker 2: would imagine very much so in the aftermath.
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  Speaker 4: That's for sure.
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  Speaker 3: We'll be doing this again tomorrow. That's why you should
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  Speaker 3: join us this evening for the speech. We'll be unpacking
• 15:32
  Speaker 3: it together live on the air, and we'll assemble our
• 15:34
  Speaker 3: panel next only here on Bloomberg.
• 15:37
  Speaker 4: Stay with us on Balance of Power. We'll have much
• 15:39
  Speaker 4: more coming up after this.
• 15:43
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• 16:00
  Speaker 1: at eleven.
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  Speaker 2: Thirty at the White House in the briefing room, Caroline
• 16:05
  Speaker 2: Lovett is back at the podium, the White House Press
• 16:07
  Speaker 2: Secretary giving her first briefing to the media since returning
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  Speaker 2: from maternity leave. We haven't seen her do this in
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  Speaker 2: a few months, Joe, and no surprise, she let off
• 16:16
  Speaker 2: her comments with some scheduling announcements. Not only will the
• 16:19
  Speaker 2: President be attending the FIFA World Cup final on Sunday
• 16:23
  Speaker 2: between Spain and Argentina, he apparently will be attending a
• 16:26
  Speaker 2: FIFA reception at Trump Tower in New York City tomorrow,
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  Speaker 2: And of course before any of that, he has a
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  Speaker 2: speech to give to the country tonight and slated for
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  Speaker 2: nine pm Eastern. And the White House Press Secretary just
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  Speaker 2: confirmed what we had been reporting and seen reports about
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  Speaker 2: that the President will be talking about election integrity.
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  Speaker 3: So just to back up, first of all, if you're
• 16:45
  Speaker 3: at the Peninsula Hotel, you're in for it on Friday night,
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  Speaker 3: what will these people going to the game have to endure?
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  Speaker 7: Oh?
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  Speaker 4: Yeah, when he went.
• 16:52
  Speaker 3: To Madison Square Garden, that was what if he had
• 16:54
  Speaker 3: to get there five hours early for the next game
• 16:56
  Speaker 3: airport style security. I'm assuming that'll be the same on Sunday.
• 17:00
  Speaker 2: Yeah, Plus there's the smoke factor to contend with. This
• 17:03
  Speaker 2: time might not be a super cool experience, but of
• 17:06
  Speaker 2: course for fans of Spain and Argentina and soccer in general,
• 17:09
  Speaker 2: I'm sure it's once in the lifetime stuff.
• 17:11
  Speaker 3: Breathe deep, wear a mask. Let's assimilar political panel. We've
• 17:14
  Speaker 3: got a lot to talk about. Rick and Jeanie our
• 17:16
  Speaker 3: Bloomberg Politics contributors. Genie is our democratic analyst and democracy
• 17:20
  Speaker 3: visiting fellow at Harvard Kennedy School's Ash Center. Rick our
• 17:23
  Speaker 3: republican strategist and partner at Stone Court Capital. I know
• 17:27
  Speaker 3: you've got your clock set for nine pm. Guys, it's
• 17:29
  Speaker 3: great to have you with us. Rick talk to us
• 17:32
  Speaker 3: about the president's decision to use the primetime address here
• 17:37
  Speaker 3: to go back.
• 17:38
  Speaker 4: To the future.
• 17:39
  Speaker 3: This is a very critical moment, of course, for rhetoric
• 17:42
  Speaker 3: coming from both sides. As fundraising takes place, we work
• 17:45
  Speaker 3: through the primary calendar. The economy, as we've reasserted based
• 17:49
  Speaker 3: on new polling, this hour shows that the economy is
• 17:53
  Speaker 3: the number one issue, not who won the twenty twenty election.
• 17:56
  Speaker 3: What's the president getting into here?
• 18:00
  Speaker 8: Yeah, you would have to be living under a rock
• 18:02
  Speaker 8: to not know that for the last fourteen months, the
• 18:05
  Speaker 8: economy has been the number one issue. And if you pulled,
• 18:10
  Speaker 8: you know, the concerns about the twenty twenty election outcome,
• 18:14
  Speaker 8: I suspect, you know, you would get only the hardest
• 18:18
  Speaker 8: core of Donald Trump's already you know, base vote, thinking
• 18:25
  Speaker 8: that it is at all an issue, and they're already
• 18:28
  Speaker 8: voting for him. So it's not like he needs to
• 18:31
  Speaker 8: talk to them. So who is he talking to? I
• 18:35
  Speaker 8: think this is probably as has been discussed as much
• 18:39
  Speaker 8: about his legacy as anything. It's not like you're going
• 18:42
  Speaker 8: to go back and say, oh, well, you're deemed now
• 18:46
  Speaker 8: present in your third term. I mean, you know, they're
• 18:50
  Speaker 8: not going to actually declare him winner. Nobody will of
• 18:53
  Speaker 8: the twenty twenty election. So what are we trying to
• 18:56
  Speaker 8: accomplish here? If it's to make elections better, then the
• 19:00
  Speaker 8: administration looks needs to look no further than their own actions,
• 19:04
  Speaker 8: you know, basically shutting down efforts at the cybersecurity, at
• 19:09
  Speaker 8: Homeland Security, you know, having the postal Service cracked down,
• 19:14
  Speaker 8: pursuing rules in Congress like the Save Act, which makes
• 19:18
  Speaker 8: it harder vote not easier. I mean, it's really kind
• 19:22
  Speaker 8: of a head scratcher. Is to what he would hope
• 19:25
  Speaker 8: to accomplish in this other than, you know, just his
• 19:29
  Speaker 8: legacy saying he was right and everybody else who attacked
• 19:34
  Speaker 8: him on this idea that the elections were rigged were wrong.
• 19:38
  Speaker 8: His own administration at the end of twenty twenty said
• 19:41
  Speaker 8: there was not an impact in the election with any
• 19:48
  Speaker 8: of these efforts that maybe described tonight. So he has
• 19:52
  Speaker 8: nowhere else to look but himself in that regard.
• 19:56
  Speaker 4: So I don't know.
• 19:57
  Speaker 8: To me, it's a horrible waste of perfectly good presidential
• 20:00
  Speaker 8: time in the Oval office. I'd be trying to get
• 20:03
  Speaker 8: the public on board with the Iran campaign. That would
• 20:06
  Speaker 8: be a really good use of time, since that seems
• 20:09
  Speaker 8: to be exploding. But no, we'll see. I guess where
• 20:13
  Speaker 8: it winds up tonight.
• 20:16
  Speaker 2: Well, And I wonder, Jennie, how much you see this
• 20:19
  Speaker 2: as if he can't make an argument that Republicans should
• 20:23
  Speaker 2: win or focus on the issues he thinks they should
• 20:25
  Speaker 2: win on, he can set the stage for people to
• 20:28
  Speaker 2: question the results if Republicans lose. Is this pretense for
• 20:32
  Speaker 2: what could happen leading up to and after the votes
• 20:36
  Speaker 2: are in?
• 20:38
  Speaker 9: Yeah, Kelly absolutely might be. First of all, I want
• 20:40
  Speaker 9: to say, I was questioning this speech tonight, and now
• 20:43
  Speaker 9: that you guys are reporting he's coming to New York tomorrow,
• 20:47
  Speaker 9: I'm telling you everybody here is grabbing their masks and
• 20:50
  Speaker 9: trying to leave. So now I'm questioning that as well.
• 20:53
  Speaker 9: It's very smoky here. You know, I don't think any
• 20:57
  Speaker 9: of us know why the President is doing this primetime addressed.
• 21:02
  Speaker 9: It is a very risky strategy unless he has something
• 21:05
  Speaker 9: really important to share with the American public. And as
• 21:09
  Speaker 9: far as we know, he's going to focus on election
• 21:12
  Speaker 9: integrity and he's going to try to wind it back
• 21:15
  Speaker 9: to twenty twenty, and there is absolutely nothing new that
• 21:19
  Speaker 9: has been shared, at least so far, that would have
• 21:23
  Speaker 9: changed the results of those elections. And you know, it's
• 21:26
  Speaker 9: almost as if the president thinks that everybody is thinking
• 21:29
  Speaker 9: about twenty twenty the way he is. Most of us
• 21:32
  Speaker 9: who think about it think it was a year we
• 21:33
  Speaker 9: want to forget, that was COVID. Very few of us
• 21:37
  Speaker 9: think about it as oh, I'm so sorry Donald Trump
• 21:39
  Speaker 9: lost the presidency. And of course let's not forget. If
• 21:43
  Speaker 9: he tells us there was foreign interference and he has
• 21:47
  Speaker 9: some evidence of that, well guess who was president He was,
• 21:51
  Speaker 9: so is he trying to tell us that while he
• 21:54
  Speaker 9: was president there was Chinese foreign interference in our elections?
• 21:58
  Speaker 9: So again, it doesn't make much sense. A big question
• 22:02
  Speaker 9: is how do the networks handle this? Do they carry
• 22:05
  Speaker 9: this live? Do they fact check in fact check rather
• 22:08
  Speaker 9: in real time? And if they want to continue to
• 22:11
  Speaker 9: do these primetime addresses and he doesn't say something very
• 22:14
  Speaker 9: important to the American public, how much does this come
• 22:17
  Speaker 9: back to haunt and I think this is a very
• 22:20
  Speaker 9: risky strategy. And oh, by the way, today, as mortgage
• 22:23
  Speaker 9: rates have hit their highest level in a year, and
• 22:27
  Speaker 9: that's what people care about, he's going to talk about
• 22:29
  Speaker 9: the twenty twenty election. It doesn't make much political sense
• 22:32
  Speaker 9: for the Republicans at all.
• 22:35
  Speaker 3: Six point five to five percent on a thirty Rick.
• 22:39
  Speaker 3: We're keeping tabs on Caroline Levitt here. She's being asked
• 22:42
  Speaker 3: about this as we're discussing it, and says that she's
• 22:45
  Speaker 3: seen misreporting on what the president will say, a lot
• 22:48
  Speaker 3: of reporting and misreporting. She says, the American people will
• 22:51
  Speaker 3: be relieved to hear what they hear from him. He's
• 22:53
  Speaker 3: going to talk about safe and secure elections, she says,
• 22:57
  Speaker 3: And he's also working on quote all these economic issues
• 23:00
  Speaker 3: unquote that Americans have at home. If this is going
• 23:04
  Speaker 3: to be a variety speech, are we giving getting into
• 23:06
  Speaker 3: the sort of fireside chat mode here where we talk
• 23:09
  Speaker 3: about a lot of things like a mini State of
• 23:11
  Speaker 3: the Union, a White House that wants to increase the
• 23:15
  Speaker 3: cadence of these addresses? Could the president make this venue
• 23:18
  Speaker 3: work for him?
• 23:20
  Speaker 8: First of all, it's a great venue for the president.
• 23:22
  Speaker 8: It's his bullypul pit. And sure it probably isn't attended
• 23:27
  Speaker 8: to as much by the public as it used to
• 23:29
  Speaker 8: be when the President would go and do a public
• 23:32
  Speaker 8: address from the Oval Office. It's still important and it'll
• 23:35
  Speaker 8: make a lot of hay in the social media world afterwards.
• 23:38
  Speaker 4: So yeah, it's still important.
• 23:40
  Speaker 8: To do these things. If indeed he focuses more on
• 23:43
  Speaker 8: the sort of the political issues of the day and
• 23:47
  Speaker 8: plugs his you know, Save America Act, that would that
• 23:50
  Speaker 8: would be okay traditional, But like where's the beef? I mean, like,
• 23:55
  Speaker 8: why in the world do you have to do that
• 23:57
  Speaker 8: from you know, the Oval Office in a you know,
• 24:00
  Speaker 8: primetime speech when you could have been doing that in
• 24:03
  Speaker 8: Pennsylvania yesterday. You could have been doing that, you know,
• 24:05
  Speaker 8: in some of the other events that you've held. And frankly,
• 24:08
  Speaker 8: he's just, for whatever reason not wanting to talk about
• 24:12
  Speaker 8: cost of living affordability. And when he does, he does
• 24:16
  Speaker 8: it in more of a disparaging way, not like, hey,
• 24:19
  Speaker 8: my administration's doing something. I mean, he's got some great
• 24:21
  Speaker 8: economic news this week to talk about. He should talk
• 24:24
  Speaker 8: about the strength of the US economy and how that
• 24:26
  Speaker 8: will ultimately benefit everyone.
• 24:28
  Speaker 4: But I don't know.
• 24:30
  Speaker 8: I mean, like, when was the last time he gave
• 24:32
  Speaker 8: an uplifting positive speech. I mean like we're still waiting
• 24:35
  Speaker 8: around for that to happen, And so we can hope.
• 24:38
  Speaker 8: And I'm tuning in because I know one thing for sure,
• 24:42
  Speaker 8: it's going to be high entertainment value.
• 24:47
  Speaker 2: Well, so Rick Davis will be a member of the audience,
• 24:49
  Speaker 2: so too Joe, and I a genie as well. But
• 24:52
  Speaker 2: there is a question of to which audiences the president's
• 24:55
  Speaker 2: really speaking, if it is to people at home, or
• 24:57
  Speaker 2: if it is Genie, say, to lawmakers on Capitol Hill
• 25:00
  Speaker 2: he wants to push to pass the Save America Act.
• 25:04
  Speaker 2: Is he able to sway holdouts with a speech like
• 25:08
  Speaker 2: this by applying so much public pressure, does it simply
• 25:11
  Speaker 2: not change a difficult math equation in the Capitol.
• 25:16
  Speaker 9: I would be surprised if it changed the calculation as
• 25:19
  Speaker 9: on the Save Act. You know, I agree with Rick
• 25:23
  Speaker 9: that traditionally these speeches are very important for presidents, but
• 25:27
  Speaker 9: we're talking about Donald Trump, and Donald Trump has not
• 25:31
  Speaker 9: proven to be a depth at using these speeches. He
• 25:34
  Speaker 9: is much better with a rally. He is much better
• 25:37
  Speaker 9: when he is going off the cuff.
• 25:39
  Speaker 4: He's going to have to.
• 25:40
  Speaker 9: Give the networks a limited time here. He's not going
• 25:43
  Speaker 9: to be able to bob and weave and curve the
• 25:46
  Speaker 9: way he likes to do. That makes this all very difficult
• 25:49
  Speaker 9: for somebody like Donald Trump, who has many gifts relating
• 25:52
  Speaker 9: to the public, but this hasn't proven to be one
• 25:55
  Speaker 9: of them. If he was doing this in a traditional way,
• 25:58
  Speaker 9: he would be speaking to the that Pugh told us
• 26:01
  Speaker 9: yesterday have now switched sixteen points since twenty twenty four,
• 26:05
  Speaker 9: twelve percent leaning Democrat. Those are the people who want
• 26:09
  Speaker 9: to hear number one, two and three economy, cost of living,
• 26:13
  Speaker 9: affordability and optimism, and a plan for going forward on
• 26:17
  Speaker 9: the war and everything else. They're not as interested in
• 26:21
  Speaker 9: an issue like election integrity, and certainly not the twenty
• 26:24
  Speaker 9: twenty election reltigation, and so he usually reverts then to
• 26:29
  Speaker 9: speaking to the base. And while that can drum up
• 26:32
  Speaker 9: his base getting out in twenty twenty six, you know
• 26:35
  Speaker 9: what it also does, Kayley. It makes Democrats much more enthused.
• 26:39
  Speaker 9: And the enthusiasm amongst Democrats is a critical problem for
• 26:43
  Speaker 9: Republicans going into twenty twenty six because Donald Trump says
• 26:47
  Speaker 9: things that get them out to vote.
• 26:50
  Speaker 4: Stay with us on Balance of Power.
• 26:52
  Speaker 3: We'll have much more coming up after this.
• 26:57
  Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch
• 27:01
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• 27:04
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• 27:08
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• 27:11
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• 27:14
  Speaker 3: Mister Gura, great to see you, Welcome back to Balance
• 27:16
  Speaker 3: of Power. What are you hearing about this speech tonight?
• 27:19
  Speaker 3: I'm just curious and sideline conversations in Aspen as the
• 27:23
  Speaker 3: United States leans back into war with Iran.
• 27:28
  Speaker 10: You know, I think there's some hunger here picking on what
• 27:30
  Speaker 10: you just said a moment ago, Joe, that there are
• 27:32
  Speaker 10: any number of issues he could talk about besides election integrity,
• 27:34
  Speaker 10: and obviously the focus here is on the war in
• 27:37
  Speaker 10: the Middle East. Principally, there's some attention being paid to
• 27:39
  Speaker 10: what's happening with China as well, especially when it comes
• 27:42
  Speaker 10: to AI. But I should say there were some rolling
• 27:45
  Speaker 10: eyes here when it comes to the President delivering a
• 27:47
  Speaker 10: speech that would focus on election integrity, knocking back to
• 27:50
  Speaker 10: twenty twenty. You know, I did sit down with Ram Emanuel, who,
• 27:55
  Speaker 10: among his many past jobs as chief of staff to
• 27:57
  Speaker 10: President Obama, and something we talked about was just the
• 27:59
  Speaker 10: sensitive but he's surrounding delivering an address like this. Obviously
• 28:02
  Speaker 10: he worked with President Obama on many of them when.
• 28:05
  Speaker 4: He was in the White House.
• 28:07
  Speaker 10: His council, interestingly to the President was he should go
• 28:09
  Speaker 10: on as much as he wants or can on this subject.
• 28:11
  Speaker 10: That it seems so out of touch with what Americans
• 28:13
  Speaker 10: are thinking about and care about at this moment in time.
• 28:15
  Speaker 10: It would be advantageous for Democrats or the President just
• 28:18
  Speaker 10: to keep talking about what happened in twenty twenty. But
• 28:20
  Speaker 10: I think that you're highlighting the fact that there are
• 28:22
  Speaker 10: folks here who would rather him be talking about strategy,
• 28:24
  Speaker 10: military strategy, diplomatic strategy than this. And I did get
• 28:29
  Speaker 10: a note this morning in indication that one of the
• 28:32
  Speaker 10: dinners here is off site and has very poor self service.
• 28:36
  Speaker 10: So if you intend to watch this speech, it may
• 28:38
  Speaker 10: be difficult.
• 28:41
  Speaker 2: Well, that may be difficult. Indeed, David, you mentioned your
• 28:45
  Speaker 2: conversation with Rom Emmanuel. I know it ventured into other
• 28:48
  Speaker 2: subject areas as well, including Israel, where, of course he
• 28:51
  Speaker 2: visited to make a speech in Tel Aviv just recently.
• 28:53
  Speaker 2: What did he tell you?
• 28:57
  Speaker 10: You know, I started off that conversation by saying, there's
• 29:00
  Speaker 10: kind of a sense that that speech really was a
• 29:02
  Speaker 10: direct criticism of Prime Minister Netanyahu. And it was that
• 29:05
  Speaker 10: in part, and I was very curious to hear from
• 29:08
  Speaker 10: him just about how he gauged the reception to that speech.
• 29:10
  Speaker 10: So he did travel to Tel avivf he spoke at
• 29:12
  Speaker 10: Tel Aviv University. He didn't meet with the Prime Minister
• 29:14
  Speaker 10: while he was there. He didn't want to be seen,
• 29:16
  Speaker 10: as he said in many interviews, as influencing domestic politics there.
• 29:19
  Speaker 10: But of course that was part of the substance of
• 29:21
  Speaker 10: that speech. Look, he took a lot of parties to task, yes,
• 29:24
  Speaker 10: the current Israeli government, but Arab states as well, the
• 29:26
  Speaker 10: Palastinian authority. He was doling out a lot of criticism,
• 29:30
  Speaker 10: But what he emphasized to me and our conversation this
• 29:32
  Speaker 10: morning is he really wanted to present a constructive path
• 29:34
  Speaker 10: forward for peace in Israel and really wanted to get
• 29:38
  Speaker 10: Israelis to recognize the fact that as Prime Minister Netanyah,
• 29:41
  Speaker 10: who has focused so much on military strength and on
• 29:44
  Speaker 10: defense really since October seventh, twenty twenty three, he's kind
• 29:49
  Speaker 10: of squandered playing up par emphasizing what else Israel has
• 29:52
  Speaker 10: going for, And part of that, of course, is economic.
• 29:54
  Speaker 10: Israel is a country that has a huge venture capital
• 29:56
  Speaker 10: community and ecosystem, and he thinks that that's been largely
• 29:58
  Speaker 10: ignored by.
• 29:59
  Speaker 4: The Prime.
• 30:01
  Speaker 10: I found that fascinating. He also said, kind of lost
• 30:03
  Speaker 10: in the coverage of that speech. Yes, here domestically the
• 30:06
  Speaker 10: United States, but around the world is on the heels
• 30:07
  Speaker 10: of that, he traveled to Germany and gave another speech
• 30:09
  Speaker 10: that was focused on NATO, in the future of NATO
• 30:12
  Speaker 10: and how Europe could be defending itself in kind of
• 30:14
  Speaker 10: a different partnership with the United States. So kind of
• 30:17
  Speaker 10: a fascinating window into him wanting to kind of make
• 30:20
  Speaker 10: constructive strides on talking about his vantage on foreign policy. Yes,
• 30:23
  Speaker 10: perhaps in an effort to position himself as a presidential
• 30:26
  Speaker 10: candidate here as we move ahead, but the way in which,
• 30:29
  Speaker 10: in this political moment, when this issue of US Israeli
• 30:31
  Speaker 10: politics is so fraud, parts of that were seized.
• 30:35
  Speaker 2: On and others were not all right, David Gera live
• 30:38
  Speaker 2: at the Aspen Security Forum, Thank you so much, and
• 30:41
  Speaker 2: let's listen ourselves to some of David's conversation with Rammanuel earlier.
• 30:46
  Speaker 11: I think the Prime minister led Israel into basically a
• 30:49
  Speaker 11: dead end. Here's what I would do to get out
• 30:51
  Speaker 11: of that status, because I have concern for the alliance
• 30:55
  Speaker 11: and more than that, Japan and ally very popular in
• 30:58
  Speaker 11: the United States, NATO popular in America. We have a
• 31:01
  Speaker 11: critical ally who is dropping precipitously in America, dropping precipitously
• 31:06
  Speaker 11: in Europe, Canada, Australia. You have to have a breakout
• 31:09
  Speaker 11: moment that actually establishes support for the country, not just
• 31:13
  Speaker 11: a particular prime minister or government.
• 31:15
  Speaker 10: What did you make of the reaction to the response
• 31:18
  Speaker 10: to it? Again, it has been kind of distilled into
• 31:19
  Speaker 10: something that it wasn't entirely.
• 31:21
  Speaker 4: What do you make of that?
• 31:22
  Speaker 10: What does it say about the way that we talk
• 31:23
  Speaker 10: about US Israel policy.
• 31:24
  Speaker 11: Work like without characterizing some sense. You know, President Clinton
• 31:28
  Speaker 11: and I talked. Hillary Clinton put out a comment. I know,
• 31:32
  Speaker 11: I've talked to Hakim Jeffries. So one, I view the
• 31:37
  Speaker 11: pariah status, the isolation of Israel strategically, diplomatically, militarily, economically
• 31:42
  Speaker 11: as a.
• 31:44
  Speaker 4: Real threat to Israel.
• 31:46
  Speaker 11: Big article today about the economists what this is in nature?
• 31:49
  Speaker 11: So I laid out a strategy.
• 31:50
  Speaker 4: You know.
• 31:52
  Speaker 11: The Saudi Arabia, which is kind of the Crown Jewel,
• 31:55
  Speaker 11: was a sponsor of the twenty thirteen proposal by the
• 31:58
  Speaker 11: Arab League twenty three state solution. Basically all twenty one
• 32:02
  Speaker 11: nations would recognize Israel if you came to a sum
• 32:06
  Speaker 11: settlement agreement between sovereignty and security the Holy Grail. But
• 32:11
  Speaker 11: Saudi Arabia now post October seventh, won't go singularly, but
• 32:15
  Speaker 11: in a there's a comfort in numbers with all twenty
• 32:18
  Speaker 11: one gay one. But you don't get to sit on
• 32:21
  Speaker 11: the sideline arably. You have to stand up a Palestinian
• 32:24
  Speaker 11: authority because there are three strikes it out. They got
• 32:27
  Speaker 11: three times offered sovereignty, three times said no, and returned violence.
• 32:32
  Speaker 11: So you've made a cynical Israeli partner. That's not how
• 32:34
  Speaker 11: you build trust. So I'm gonna give you a chance
• 32:36
  Speaker 11: to get out of jail card a fourth chance. But
• 32:39
  Speaker 11: everybody in the Arab League has got to stand up
• 32:40
  Speaker 11: that partner. You've got to recognize it not only the
• 32:43
  Speaker 11: state of Israel, but it's historic right. You got to
• 32:46
  Speaker 11: stop rewarding terrorists for killing Israelis because they're Israelis, and
• 32:49
  Speaker 11: stop teaching your children to hate Israel's not Israel. It's
• 32:52
  Speaker 11: got to stop undermining And a classic example of this government.
• 32:56
  Speaker 11: This government undermined the Palestinian authority, but they allow to
• 33:00
  Speaker 11: Qatar to send six billion dollars to Hamas. Hamas was
• 33:04
  Speaker 11: not using that six billion dollars to build McDonald's franchise
• 33:07
  Speaker 11: in Gaza. They were building tunnels.
• 33:09
  Speaker 4: And you knew it.
• 33:11
  Speaker 11: That was a strategic failure of this government. Second, as
• 33:15
  Speaker 11: you can see, I recommended the IMEC India, Mideast Europe
• 33:21
  Speaker 11: Economic core cables, ports energy. You got to get around
• 33:25
  Speaker 11: the strait of Hermus. It puts Israel's technological prowess at
• 33:28
  Speaker 11: the center of the most important trade rail so both
• 33:30
  Speaker 11: economically and strategically, making Israel as David Bengorion, the founding father,
• 33:36
  Speaker 11: said a nation among nations. Second important is in the critique.
• 33:41
  Speaker 11: Every country has four tools in its security toolbox military power,
• 33:47
  Speaker 11: political persuasion, economic staycraft, cultural attraction. The Prime Minister has
• 33:52
  Speaker 11: had to feed three of them to the point their
• 33:54
  Speaker 11: non existence and relied on only one.
• 33:57
  Speaker 4: That is not acceptable.
• 33:58
  Speaker 11: If you're trying to be and we have actually security.
• 34:02
  Speaker 11: Example of that, and I'll pay the calling cards. You
• 34:04
  Speaker 11: can use my at and t calling. Okay, you have
• 34:07
  Speaker 11: a Syrian government today, they said Iran as our common enemy.
• 34:11
  Speaker 11: Syria is the highway sixty six for Iran to has Belat.
• 34:15
  Speaker 11: You can cut it off. And he wants to come,
• 34:18
  Speaker 11: he said, the president of Syria, I want to come
• 34:22
  Speaker 11: to a security agreement with Israel. The United States is
• 34:24
  Speaker 11: now building or facilitating a building of Iraqi oil.
• 34:30
  Speaker 4: Call the Syrian president.
• 34:33
  Speaker 11: It's not even a piece agreement. Security agreement. The people
• 34:36
  Speaker 11: in the northern galley of Israel would get security, and
• 34:39
  Speaker 11: you would actually knock out the security. The trade route
• 34:43
  Speaker 11: from Tehran to Beirut suburbs that has fund has Belot.
• 34:49
  Speaker 4: That's it.
• 34:50
  Speaker 11: Use your diplomatic tools. The Prime Minister likes to say
• 34:53
  Speaker 11: he was raised with English, learned the letter D. It
• 34:56
  Speaker 11: starts first letter in the word diplomacy. Try it it works.
• 35:02
  Speaker 3: Rom Emanuel speaking with Bloomberg's David Goura, who was kind
• 35:06
  Speaker 3: enough to bring us out to the Aspen Security Forum.
• 35:08
  Speaker 3: He's out there for the week, and we'll have more
• 35:10
  Speaker 3: of David's conversations with us. We want to see it
• 35:12
  Speaker 3: is on this moment, though, what they were talking about
• 35:14
  Speaker 3: plays directly into what took place last evening on Capitol Hill.
• 35:19
  Speaker 3: A vote in the House to cut USA to Israel
• 35:21
  Speaker 3: more than three billion dollars worth cut the Democratic Caucus
• 35:26
  Speaker 3: in half, Kaylee. The numbers that we saw there were remarkable.
• 35:28
  Speaker 3: One hundred and three Democrats voted to withhold the aid,
• 35:33
  Speaker 3: ten more voted present. Pretty remarkable. Here ninety eight opposed it.
• 35:39
  Speaker 3: It did fail because Republicans rejected this, but it brings
• 35:43
  Speaker 3: us to Capitol Hill, where we want to spend a
• 35:45
  Speaker 3: couple of moments with Bloomberg correspondent Eric Wasson, who has
• 35:50
  Speaker 3: a little bit more on this. Eric, this is something
• 35:52
  Speaker 3: that would have been considered unthinkable a couple of years ago,
• 35:56
  Speaker 3: and it speaks to the state of the Democratic Party
• 35:58
  Speaker 3: now in the House.
• 35:59
  Speaker 4: What do you think.
• 36:00
  Speaker 12: The state of the Democratic Party, state of US relations
• 36:02
  Speaker 12: with Israel. It's a real red warning sign too the
• 36:06
  Speaker 12: Israeli government that there are large sections of the American
• 36:09
  Speaker 12: population who are waiting in their support for Israel, especially
• 36:13
  Speaker 12: after the way that the war on Gaza has been conducted.
• 36:16
  Speaker 12: You know, House leader Democratic Leader Hakim Jeffries voted against
• 36:20
  Speaker 12: this measure, but his number two, Catherine Clark, voted for it.
• 36:23
  Speaker 12: It's put the leadership right down to Pelosi voting in
• 36:28
  Speaker 12: order to strip this AID to send a signal, she
• 36:30
  Speaker 12: said in a statement. You know, Republicans pounced on this
• 36:34
  Speaker 12: and their statements plan to use it in a campaign.
• 36:37
  Speaker 12: But I talked to at least one Republican Nate who said,
• 36:39
  Speaker 12: you know, on the Republican side, there are also problems
• 36:42
  Speaker 12: for members who voted to defend Israel AID, and they
• 36:44
  Speaker 12: may see problems from some of their right wing base,
• 36:47
  Speaker 12: the same base that Thomas Massi represents, who are skeptical
• 36:50
  Speaker 12: of Israel AID. So this is a troublesome time in
• 36:53
  Speaker 12: the US Israel relationship, and this was certainly a landmark
• 36:57
  Speaker 12: moment for that.
• 37:00
  Speaker 8: Well.
• 37:00
  Speaker 2: As we talk about troublesome times and fissures we see
• 37:03
  Speaker 2: in the Republican Party in particular. Eric, I also wonder
• 37:06
  Speaker 2: what you're hearing about the prospects for this reconciliation three
• 37:09
  Speaker 2: point zero package that they're trying to mark up in
• 37:11
  Speaker 2: the Budget Committee today. Are the votes there for it?
• 37:14
  Speaker 2: And I'm not just talking about the House. Is the
• 37:16
  Speaker 2: Senate interested in this at all?
• 37:18
  Speaker 12: Well, first breaking news from rigav My Colli kN Tran
• 37:22
  Speaker 12: is there. He says the committee did pass it out
• 37:24
  Speaker 12: of the committee, which was not a given. You know,
• 37:27
  Speaker 12: it's supposed to come to the House floor next week,
• 37:29
  Speaker 12: and leadership seems pretty confident of it. But we are
• 37:32
  Speaker 12: hearing it from a lot of senators. This is going
• 37:34
  Speaker 12: nowhere in the Senate. You're talking to John Thune, he
• 37:37
  Speaker 12: said it's a risky proposition. We had already flagged to
• 37:40
  Speaker 12: our terminal and web readers that you know, there's a
• 37:42
  Speaker 12: political risk here in voting to support an unpopular Ron
• 37:46
  Speaker 12: war that's raising prices right before the election. But there
• 37:48
  Speaker 12: are also other problems with it. It's not offset. It
• 37:51
  Speaker 12: adds to the depicts ninety five billion dollars right to
• 37:53
  Speaker 12: the deficit going to the military bill Cassidy I talked
• 37:56
  Speaker 12: to him in the hallway and he said, I want
• 37:58
  Speaker 12: that thing offset. I want to line spending cuts. There's
• 38:01
  Speaker 12: got to be a way to do that. But then
• 38:02
  Speaker 12: I talked to Roger Wicker, who's a military hawks, and
• 38:05
  Speaker 12: he says it's not spending nearly enough. He wants three
• 38:07
  Speaker 12: hundred and fifty billion dollars for the military. So it's
• 38:10
  Speaker 12: a real mess.
• 38:10
  Speaker 4: In the Senate, I.
• 38:11
  Speaker 12: Talked to Lisa Murkowski and she said, I don't see
• 38:13
  Speaker 12: this getting done before the election at all, and frankly
• 38:16
  Speaker 12: after today in the Senate, my money would be on
• 38:18
  Speaker 12: it and not getting done anytime soon.
• 38:21
  Speaker 4: Wow. Great reporting.
• 38:23
  Speaker 3: I love this, yep, bringing it straight to us.
• 38:25
  Speaker 2: Eric, thank you live from the Halls of Congress.
• 38:27
  Speaker 4: We appreciate it.
• 38:28
  Speaker 2: As always, Bloomberg's Eric Wasson.
• 38:35
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• 38:38
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• 38:41
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• 38:44
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• 38:47
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