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Bloomberg's Heilemann on Trump's Firing of Lewandowski (Audio) · Bloomberg Intelligence

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  Speaker 1: Turn our attention now to the presidential election cycle, and
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  Speaker 1: John Heilman joins us now. He is, of course, the
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  Speaker 1: co host of With all due respect weeknights five pm
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  Speaker 1: on Bloomberg Television and Bloomberg in Washington, d C. John,
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  Speaker 1: thank you very much for being here. I want to
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  Speaker 1: so pleased to be next you, like almost like to
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  Speaker 1: be on the to be on this air, and then
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  Speaker 1: to be so close to you in such physical proximity.
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  Speaker 1: It's just it's made my day, or it's like I've
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  Speaker 1: had a really good day, but this is the highlight
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  Speaker 1: of it so far. I'm glad to hear that. I'm
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  Speaker 1: wondering if you could tell us about the highlight perhaps
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  Speaker 1: of Donald Trump's day yesterday and the fallout from the
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  Speaker 1: realignment of his campaign manager. I guess Corey, what we
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  Speaker 1: called the real we called getting fired at realignment, Well,
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  Speaker 1: it was it was difficult to understand exactly whether he
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  Speaker 1: was fired or whether he was That was not difficult.
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  Speaker 1: It was when you're escorted from the building by by security,
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  Speaker 1: you've been fired. Just in case the day when that
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  Speaker 1: day comes for your PIM, you'll know, thank you when
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  Speaker 1: the security shows up here and walks you out of
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  Speaker 1: the building, frog marches you out of a Lexington Avenue.
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  Speaker 1: That's the day you've been fired. Well, thanks, I appreciate that.
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  Speaker 1: It's not problem just giving you a tip. So what
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  Speaker 1: what kind of tips do you think people have been
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  Speaker 1: giving Donald Trump lately? Well, you know, his his family,
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  Speaker 1: who are who he to whom he with whom he
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  Speaker 1: loves a great deal, and to whom he's very loyal.
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  Speaker 1: His daughter Ivanka and her two brothers, Eric and and
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  Speaker 1: Don Jr. Were all Um had had been opposed to
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  Speaker 1: the UH, to the stuff management style and other UH
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  Speaker 1: manifestations of Korey Lewandowski's leadership, um mettier as it were.
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  Speaker 1: And they've been opposed to him for quite a long time.
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  Speaker 1: And it had gotten to the point where the campaign,
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  Speaker 1: to the extent there is a campaign, and we can
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  Speaker 1: talk about that in more detail, but that the whatever
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  Speaker 1: campaign exists, was totally dysfunctional and Um, they eventually went
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  Speaker 1: to their father and said, you gotta go. Um, this
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  Speaker 1: is we can't have two people insensibly running this campaign,
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  Speaker 1: the other being Paul Manifer, who's really the campaign manager
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  Speaker 1: in fact, and the ash between Maniford and and Lewandowski
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  Speaker 1: had been going on for now, for months, and finally
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  Speaker 1: they just said, look, Dad, time for we gotta get
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  Speaker 1: rid of this dude and and and be clear about
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  Speaker 1: who's running the campaign and move forward from there. I mean,
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  Speaker 1: it really is. Um, it's the most wretched campaign operation
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  Speaker 1: at the presidential of the presidential nominee that I've ever seen.
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  Speaker 1: And the fundraising numbers that came out overnight, UM give
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  Speaker 1: a sense of exactly how messed up the entire operation is. There's, um,
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  Speaker 1: there are currently four entities that I can think of
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  Speaker 1: that have more cash on hand than Donald Trump's presidential campaign,
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  Speaker 1: one of which is Hillary Clinton's campaign, another which is
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  Speaker 1: Ted Cruiz's campaign, which no lover exists, another of which
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  Speaker 1: is Bernie Sanders campaign. Also Ben Carson's campaign has more
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  Speaker 1: cash on hand currently than Donald Trump's campaign. And and
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  Speaker 1: those are four campaigns. Then there's you, Pim, and I
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  Speaker 1: know you have more cash on hand also than Donald
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  Speaker 1: Trump's one point three million dollars in cash on hand.
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  Speaker 1: Hillary Clinton has about twenty five million dollars in cash
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  Speaker 1: on hand. The Trump campaign raised. Um. Just I mean,
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  Speaker 1: the month of May is a huge month for a
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  Speaker 1: presidential nominee because you've opped up your nomination. In this case,
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  Speaker 1: Hillary Clinton was still fighting with Bernie Sanders. It was
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  Speaker 1: a huge, wide open field for Donald Trump had gotten
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  Speaker 1: raised money get ready for the fall campaign, and they
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  Speaker 1: raised virtually none. The campaign is bankrupt currently. If do
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  Speaker 1: you think there are forty million dollars in the hole
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  Speaker 1: on outstanding bills and have one point three million dollars
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  Speaker 1: at one point eight one point three million on hand,
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  Speaker 1: they are effectively bankrupt. So this is a moment where
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  Speaker 1: Hillary Clinton is advertising, spending millions of dollars in battleground
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  Speaker 1: states to define Donald Trump and define herself. The Trump
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  Speaker 1: hampain is not in the air anywhere in the entire country.
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  Speaker 1: They have not run a single ad yet in the
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  Speaker 1: general election. Um So, I think it's fair to say
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  Speaker 1: that the Trump campaign is a mess. And what will
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  Speaker 1: happen now going forward is to what it's think can
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  Speaker 1: they demessify themselves and what effect it can have or
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  Speaker 1: will it be too late? Well, you know, John, last
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  Speaker 1: time you're on the show, I believe last week you
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  Speaker 1: pointed out very eloquently that there was no infrastructure. This
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  Speaker 1: was anything but a real campaign in terms of the organization.
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  Speaker 1: Is So, what have you heard the kids said, Dad,
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  Speaker 1: you've got to make this change. What are the kids
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  Speaker 1: telling him now? What are he need to do? Well?
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  Speaker 1: I think there there is a you know, there's a
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  Speaker 1: huge number of things that need to happen now um.
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  Speaker 1: And again the question is whether it's too late to start.
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  Speaker 1: You know, Paul Manifer has already made clear he plans
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  Speaker 1: to start hiring um a lot of people fast um
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  Speaker 1: and and try to get the show on that road.
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  Speaker 1: Part of the problem with doing that, obviously, is when
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  Speaker 1: you have one point three million dollars in cash on hand,
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  Speaker 1: don't have a lot of money um to not only
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  Speaker 1: there's a reason why there's no ads on the air
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  Speaker 1: we now know, which is that they can't afford them um.
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  Speaker 1: And you can't really hire a lot of people when
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  Speaker 1: you have that little money. So you gotta build a
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  Speaker 1: fundraising operation fast um. You've gotta build up a campaign
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  Speaker 1: infrastructure fast um. To the at least they're never gonna
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  Speaker 1: catch up to the Clinton campaign, but they have to
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  Speaker 1: try to get together at least a provisional kind of
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  Speaker 1: bare bones operation that allows them to do some of
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  Speaker 1: the basic blocking and tackling of politics. And I think
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  Speaker 1: that's where they're going to try to go alright. John Harman,
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  Speaker 1: thank you so much for joining us. He is the
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  Speaker 1: host of Bloomberg Televisions, with all due respect. You can
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  Speaker 1: watch live week days at five pm Eastern time right
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  Speaker 1: here on soon you're right there on Bloombrig Television, also
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  Speaker 1: on Bloomberg One in Washington, d C. So we're going
• 5:09
  Speaker 1: to take another look at Janet Yellen. There were some
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  Speaker 1: definitely some political issues raised or her testimony to the
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  Speaker 1: Senate Banking Committee today. The most important though, when does
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  Speaker 1: the Fed raise rates again? This is taking stock on
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  Speaker 1: bloom Brig Radio.