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Trump Says US Won’t Attack Iran Before Midterm Elections · Balance of Power

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  Speaker 1: Bloomberg Audio Studios.
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  Speaker 5: Oil on the climb higher today, even as President Trump
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  Speaker 5: suggests that there will not be fresh strikes against Iran
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  Speaker 5: before the midterm elections on November 3rd. He has repeatedly
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  Speaker 5: said that the war won't come to an inclusion until
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  Speaker 5: after the midterms are over and has repeatedly said that
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  Speaker 5: when that time comes, whenever it is, he does expect
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  Speaker 5: oil prices will move lower. He reiterated the same just yesterday,
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  Speaker 5: speaking to reporters.
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  Speaker 6: Oil will drop like a rock as soon as we're
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  Speaker 6: finished with the war, which will be very soon.
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  Speaker 3: It's going to be very soon.
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  Speaker 1: One way or the other, we'll be finished with it.
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  Speaker 7: But oil will come down to levels that were, I think,
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  Speaker 7: maybe even lower than they were before the war started.
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  Speaker 1: Not, though, like Kayleigh mentioned, dropping like a rock today.
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  Speaker 1: We've got Brent. and WTI each up over 3% right now.
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  Speaker 1: Brent 103, WTI 90, and well, 91 actually. They're off
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  Speaker 1: their highs of the day after President Trump took to
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  Speaker 1: Truth Social to clap back at reports suggesting that there
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  Speaker 1: could be strikes, conclusive strikes against Iran before the midterms,
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  Speaker 1: having reportedly called for new options and new targets. The president,
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  Speaker 1: on Truth Social, writing, we are having productive discussions with
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  Speaker 1: the Islamic Republic of Iran. I want to make it
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  Speaker 1: clear to everybody, he says, while Iran is in very
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  Speaker 1: bad condition, both economically and militarily, and while the blockade
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  Speaker 1: will remain in full force and effect with oil flowing
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  Speaker 1: in record numbers, he goes on to write, we will
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  Speaker 1: not be attacking Iran at any time prior to the
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  Speaker 1: midterm elections to be held in the United States on
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  Speaker 1: November 3rd. Let's go straight to the White House for more.
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  Speaker 1: Bloomberg Washington correspondent Tyler Kendall is on the North Lawn
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  Speaker 1: right now. Tyler, why did he feel a need to
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  Speaker 1: say this out loud?
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  Speaker 8: Perhaps, Joe, because we saw these moves in the oil
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  Speaker 8: market and there was this reporting, as you mentioned, from
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  Speaker 8: the Atlantic overnight, which seemed to put on the table
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  Speaker 8: that President Trump could be looking at an array of
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  Speaker 8: options to escalate the conflict ahead of the midterm elections.
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  Speaker 8: And what was interesting about the reporting was that it
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  Speaker 8: seemed to suggest that proponents of strike's Whether or not
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  Speaker 8: they could be limited ahead of Election Day and then
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  Speaker 8: a wider scale operation after Election Day seemed to think
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  Speaker 8: that it could give President Trump a political win in
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  Speaker 8: a sense. as diplomacy does remain stalled. But we know
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  Speaker 8: that the conflict is repeatedly weighing on American voters as
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  Speaker 8: they gear up to go to the polls in November.
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  Speaker 8: In fact, there was a new poll out just the
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  Speaker 8: other day from NBC, which found that 57 percent of
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  Speaker 8: voters say they are less likely to support a candidate
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  Speaker 8: who supports the war. The issue, though, at the moment, Joe,
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  Speaker 8: is that it does appear that we are poised toward
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  Speaker 8: some sort of escalation as we continue to see strikes
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  Speaker 8: on ships in the Strait of Hormuz. That has ticked
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  Speaker 8: up in recent weeks, as well as the conflict between
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  Speaker 8: Saudi Arabia and the Houthis escalate as well. The Houthi
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  Speaker 8: militant group, which is backed by Iran, hit two airports
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  Speaker 8: in Saudi Arabia overnight. And really, the crux of this
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  Speaker 8: is that we have been seeing more oil flow through
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  Speaker 8: the Strait of Hormuz, in large part due to the U.S.
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  Speaker 8: naval protection that is being given to these ships, but
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  Speaker 8: also the so-called shuttling services. But, Joe and Kayleigh, I'd
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  Speaker 8: add it seems like regional allies are preparing for that
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  Speaker 8: to be in place for the long haul. We had
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  Speaker 8: reporting earlier today that Saudi Arabia is looking to formalize
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  Speaker 8: its so-called shuttle system.
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  Speaker 5: Well, we'll wait to see if we get more, Tyler,
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  Speaker 5: from the president when he speaks in just a bit
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  Speaker 5: later this hour at the Institute of Peace for the
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  Speaker 5: new Golden Age Summit that he's holding today. It'll be
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  Speaker 5: remarkable to see the likes of Satya Nadella getting a
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  Speaker 5: Medal of Science from the president after the action taken
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  Speaker 5: against Microsoft and a number of other companies when it
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  Speaker 5: comes to visas by the administration today. Tell us what
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  Speaker 5: exactly is going on.
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  Speaker 8: Yeah, the timing here is interesting for multiple reasons, but
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  Speaker 8: it does renew focus on the administration's immigration policies as
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  Speaker 8: we now get closer to the midterm elections. The program
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  Speaker 8: in question here is called the Permanent Labor Certification Program,
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  Speaker 8: which allows U.S. employers to hire foreign workers for permanent employment.
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  Speaker 8: And the administration is alleging that some of these top
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  Speaker 8: tech companies like Microsoft, are abusing the system, essentially that
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  Speaker 8: under the program, these companies have to advertise open positions
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  Speaker 8: to U.S.
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  Speaker 3: Workers first.
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  Speaker 8: If they are unable to attract American workers in, then
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  Speaker 8: they can go to the Department of Labor to apply
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  Speaker 8: for visas for foreign workers. And the administration says that
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  Speaker 8: these companies aren't doing enough to attract in those American
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  Speaker 8: workers before they go to apply for these visas for
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  Speaker 8: foreign workers.
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  Speaker 3: Workers.
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  Speaker 8: We should say that Bloomberg News did reach out to
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  Speaker 8: the companies, and they have not gotten comment at this moment. And, essentially,
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  Speaker 8: the White House says that this is going to be
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  Speaker 8: an indefinite ban for these companies from these programs until
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  Speaker 8: their allegations are addressed. So we will have to see
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  Speaker 8: where it goes from here. But it definitely underscores some
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  Speaker 8: of the recent moves from the Trump administration, President Trump
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  Speaker 8: moving earlier this year to restrict Many of these tech
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  Speaker 8: companies make it harder for H-1B visas, considered to be
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  Speaker 8: a crucial pipeline for tech talent. But to your point, Kayleigh,
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  Speaker 8: it comes as the administration really engages with a lot
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  Speaker 8: of these tech companies. Microsoft today with this medal ceremony
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  Speaker 8: that's happening, but also just last week, President Trump hosted
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  Speaker 8: an array of these tech leaders here at the White
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  Speaker 8: House as we look for the future of AI.
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  Speaker 1: Indeed.
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  Speaker 5: All right, Tyler Kendall, live at the White House for us.
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  Speaker 5: Thank you so much. And as we return to the
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  Speaker 5: news from the president this afternoon that the U.S. will
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  Speaker 5: not be striking Iran before the midterm elections on November 3rd,
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  Speaker 5: we bring in now Jen Gavito from the Cohen Group,
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  Speaker 5: where she's a senior advisor. She's also former acting principal
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  Speaker 5: deputy assistant secretary of state for Near Eastern Affairs under
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  Speaker 5: President Biden and has served in a variety of different
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  Speaker 5: diplomatic roles under multiple presidents. Jen, it's always good to
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  Speaker 5: have you here on Bloomberg. If the president just publicly
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  Speaker 5: proclaimed that the U.S. will not be striking Iran this
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  Speaker 5: for at least the next four weeks or so, did
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  Speaker 5: he just give Iran permission to do some things in
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  Speaker 5: the next month without risk of retaliation?
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  Speaker 9: So first, thanks for having me. It's always great to
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  Speaker 9: be here. It's a bit unusual for a president to
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  Speaker 9: either signal that he will or will not attack over
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  Speaker 9: the course of a period of weeks. And so I
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  Speaker 9: would take all of those reports to some degree with
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  Speaker 9: a grain of salt. That being said, certainly Iran continues
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  Speaker 9: to ratchet up the attacks on oil tankers in the
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  Speaker 9: Strait of Hormuz. that continues to disrupt traffic, which has,
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  Speaker 9: as you noted, largely resumed something approximating normal levels, but
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  Speaker 9: at significant cost. And so, yes, I think that Iran
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  Speaker 9: will and has been continuing to use these periods of
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  Speaker 9: calm to rebuild their capabilities. That being said, I do
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  Speaker 9: think the big outstanding question for the president, whether before
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  Speaker 9: or after the midterms, is, what does renewed military conflict
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  Speaker 9: achieve that diplomacy couldn't better achieve in the long term?
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  Speaker 1: The president has said repeatedly that Iran, Jen, is trying
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  Speaker 1: to leverage the United States because of the electoral process
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  Speaker 1: that's underway. And that's why he has said he's not
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  Speaker 1: concerned about the midterm elections. He's focused on this war,
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  Speaker 1: trying to compartmentalize the two Wouldn't there be an opportunity here?
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  Speaker 1: And what would the U.S. do now that the president
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  Speaker 1: has said no more attacks until after the midterms? An
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  Speaker 1: opportunity to strike U.S. targets in late October, the first
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  Speaker 1: couple of days of November to coincide with the midterm elections.
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  Speaker 1: That wouldn't be a surprise, would it? No, not at all.
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  Speaker 1: That's a really good point.
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  Speaker 9: And in fact, you know, we have repeatedly seen throughout
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  Speaker 9: this conflict that Iran has a pretty nuanced understanding of
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  Speaker 9: the United States and certainly of our election cycle. And
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  Speaker 9: so I would not be at all surprised to see
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  Speaker 9: Iran trying to use this period before the election to
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  Speaker 9: try to improve its negotiating leverage with the expectation that
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  Speaker 9: any sort of deal would have to come afterwards.
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  Speaker 5: Well, Jen, what about the other component to the president's post,
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  Speaker 5: which is the suggestion that the U.S. and Iran are
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  Speaker 5: talking and are making progress? Have you heard anything that
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  Speaker 5: suggests that that may be true, that there are forward
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  Speaker 5: steps being taken?
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  Speaker 9: So we know that the lines of communication have been
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  Speaker 9: open pretty much throughout this conflict. And we certainly saw
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  Speaker 9: that on the margins of the U.N. General Assembly two
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  Speaker 9: weeks ago. So, yes, I do think that from what
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  Speaker 9: I understand, there continue to be indirect discussions taking place.
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  Speaker 9: And I think all of that has to be taken
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  Speaker 9: in the context of at the end of the day,
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  Speaker 9: as we've been saying for seven, eight months now, there
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  Speaker 9: really is no military resolution to this long, decades-long conflict.
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  Speaker 9: That really has to come from diplomacy. And so things
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  Speaker 9: like military escalation or sanctions or economic pressure are are
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  Speaker 9: intended to set the stage ultimately for a better negotiated outcome.
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  Speaker 9: And so I'm glad to see the president acknowledging that.
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  Speaker 9: And that does seem to reinforce this idea that even
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  Speaker 9: if the U.S. determines that additional military strikes are necessary
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  Speaker 9: at some point, that can't be the strategy or the
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  Speaker 9: end game in and of itself.
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  Speaker 1: Just looking back at the posts here, Jen, as we
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  Speaker 1: read this together, the president wrote, We will not be
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  Speaker 1: attacking Iran at any time prior to the midterm elections.
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  Speaker 1: Does that include Israel? Well, that's a great question, Joe.
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  Speaker 9: We saw the reporting over the last couple of days
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  Speaker 9: that renewed strikes may include Israel. I suspect that there
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  Speaker 9: continues to be close collaboration between the United States and
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  Speaker 9: Israel over this you know, there has been a lot
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  Speaker 9: of speculation that renewed strikes would focus specifically on Pigax
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  Speaker 9: Mountain and the nuclear facilities there. We know that the
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  Speaker 9: nuclear program is Israel's biggest concern when it comes to Iran.
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  Speaker 9: And so not in a position to speak for the
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  Speaker 9: Israeli government on this, but that is a relevant point
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  Speaker 9: that you make.
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  Speaker 1: There is reporting in Axios, Kayleigh, that President Trump spoke
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  Speaker 1: with not only Benjamin Netanyahu yesterday, but it was their
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  Speaker 1: second call in days after barely speaking for weeks. And
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  Speaker 1: it took place after Netanyahu held a meeting with his
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  Speaker 1: national security team about Iran, according to an Israeli official.
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  Speaker 1: Not to try to connect the dots here, but you wonder, Jen,
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  Speaker 1: if there's something at work, would it behoove the United
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  Speaker 1: States to step back and let Israel take the lead?
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  Speaker 10: I think that.
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  Speaker 9: Israel's capabilities are, and this is why the United States
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  Speaker 9: got involved last year during the 12-day war, and why
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  Speaker 9: this was a joint operation in.
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  Speaker 1: February as well.
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  Speaker 9: Israel does have limitations on its capabilities, and we know
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  Speaker 9: that the Iranian regime will hold the U.S. culpable for
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  Speaker 9: any Israeli strike that takes place. And so I don't
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  Speaker 9: think it's an ideal outcome for Israel to act on
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  Speaker 9: its own. I think the U.S. would bear the consequences
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  Speaker 9: of that decision regardless of whether they're actively involved in
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  Speaker 9: the operation or not. And you note the calls with
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  Speaker 9: Netanyahu and the meeting of his national security team. I
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  Speaker 9: would also note the reports that President Trump has met
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  Speaker 9: over recent days with his national security team about this issue.
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  Speaker 9: And so there does seem to be a lot of
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  Speaker 9: activity in the background. Hard to say whether his announcement
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  Speaker 9: today is the conclusion of that deliberative process or something else.
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  Speaker 5: Well, that's how the U.S. is working with one ally
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  Speaker 5: and strikes against Iran. The U.S., though, decidedly is not
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  Speaker 5: participating in Saudi Arabia's current effort along with the coalition
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  Speaker 5: in Yemen to combat the threat from the Houthis as
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  Speaker 5: the Houthis continually are striking not just there, but in
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  Speaker 5: Saudi Arabia, including firing missiles at the international airport in Riyadh,
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  Speaker 5: killing some people. Jen, how are you watching this? And
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  Speaker 5: do you expect that at some point the U.S. may
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  Speaker 5: need to get more directly involved to truly eliminate the
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  Speaker 5: threat the Houthis currently pose?
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  Speaker 9: So this is a really difficult needle for the president
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  Speaker 9: to thread. Saudi Arabia is a close ally. They have
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  Speaker 9: been obviously an integral part of the kind of overarching
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  Speaker 9: activity against Iran and are absolutely central to the president's
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  Speaker 9: economic agenda for his second term. At the same time,
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  Speaker 9: with reports that U.S. stockpiles are depleted and with a
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  Speaker 9: conflict that continues to go on with no end in sight,
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  Speaker 9: I think the president rightly is concerned about opening up
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  Speaker 9: a second front. And so you're left with a less
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  Speaker 9: than ideal situation where this continues to expand. The strikes
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  Speaker 9: today on the airports are horrific and really demonstrate the
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  Speaker 9: success of Houthi targeting capabilities. And yet the idea, I think,
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  Speaker 9: for the president, particularly with a war that is already
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  Speaker 9: so unpopular of essentially opening up a second front, That
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  Speaker 9: is extremely problematic, I think, for him going into this election.
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  Speaker 9: So I think that he will continue to try to
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  Speaker 9: stay out of this conflict, but obviously the intensity of
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  Speaker 9: it is continuing to escalate.
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  Speaker 1: Jen, I'm just curious how long we can maintain this
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  Speaker 1: posture in the Strait. President writes 22 million barrels last
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  Speaker 1: night alone, with not one barrel coming from or going
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  Speaker 1: to Iran. We're escorting ships, and apparently it's been quite
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  Speaker 1: successful based on the analysis from any number of research firms.
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  Speaker 1: We're pretty close to, if not back to, pre-war levels.
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  Speaker 1: How long can we do this, and at what cost?
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  Speaker 9: Well, I think that's the right answer. I mean, people
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  Speaker 9: have been very focused on the volume of oil getting through.
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  Speaker 9: And first of all, I think it's important to point
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  Speaker 9: out that that's crude getting through. Refined products, derivatives, those
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  Speaker 9: are not recovered as far as being able to get
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  Speaker 9: those out of the straits. So we're talking about just.
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  Speaker 2: crude oil.
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  Speaker 9: And it has largely recovered. But to your point, insurance
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  Speaker 9: costs remain extraordinarily high. One Middle Eastern leader told me
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  Speaker 9: last week that although prices are over $ 100 per barrel,
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  Speaker 9: his country is only getting about $ 61, $ 62 a barrel
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  Speaker 9: from that because of the elevated cost of that transit.
• 15:08
  Speaker 9: And so this is not back to normal, and this
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  Speaker 9: is not economically sustainable.
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  Speaker 1: Jen, it's great to have you, as always. Jen Gavito
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  Speaker 1: worked under Presidents Obama, Trump, and Biden, and now with
• 15:19
  Speaker 1: us here on Balance of Power. Stay with us on
• 15:21
  Speaker 1: Balance of Power. We'll have much more coming up after this.
• 15:27
  Speaker 4: You're listening to the Bloomberg Balance of Power podcast. Catch
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• 15:46
  Speaker 5: We're always tracking President Trump's missives on True Social. But
• 15:49
  Speaker 5: there was a big one today that is helping influence markets,
• 15:52
  Speaker 5: which is the president posted that the U.S. will not,
• 15:55
  Speaker 5: in fact, be striking Iran before the midterm elections on
• 15:57
  Speaker 5: November 3rd, despite some reports in the last 24 hours
• 16:00
  Speaker 5: that suggested it was at least an option. that was
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  Speaker 5: on the table. And even if there aren't fresh strikes
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  Speaker 5: ahead of the midterms, it doesn't mean that Iran is
• 16:08
  Speaker 5: not a focal point of these midterms or becoming a
• 16:12
  Speaker 5: center of conflict between Republicans and Democrats. And that is
• 16:15
  Speaker 5: being showcased on the debate stages. There's a number of
• 16:17
  Speaker 5: debates in key Senate races happening this week, more tonight,
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  Speaker 5: including in Michigan, but one last night in Iowa between
• 16:24
  Speaker 5: the Democratic nominee, Josh Turek, and the Republican nominee, Congresswoman
• 16:28
  Speaker 5: Ashley Hinson, who got in to the issue of the
• 16:30
  Speaker 5: war of Iran. Here's some clips from both of them.
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  Speaker 7: I'm an example of the generational consequences to these forever
• 16:37
  Speaker 7: wars that we're finding ourselves into. And what have I
• 16:40
  Speaker 7: seen far too often in my lifetime? I've seen us
• 16:42
  Speaker 7: spend a trillion dollars in Iraq, in Afghanistan, and here
• 16:48
  Speaker 7: we are again in another forever war with no strategy.
• 16:52
  Speaker 4: I don't want this to be a forever war, so
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  Speaker 4: I want to make sure we do everything we can.
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  Speaker 1: I trust in our U.S.
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  Speaker 3: Military, the greatest fighting force in the world, to bring
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  Speaker 3: this to a close as quickly as possible, because I
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  Speaker 3: know people are getting squeezed.
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  Speaker 1: It's an interesting line to walk as a Republican right
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  Speaker 1: now and fall short of Mike Rogers, for instance. And
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  Speaker 1: we'll be seeing him on a debate stage tonight, Republican
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  Speaker 1: in Michigan, who says that war needs to end now.
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  Speaker 1: Remembering that it wasn't too long ago, just a week
• 17:21
  Speaker 1: or two, Ashley Hinson was in the Oval Office with
• 17:23
  Speaker 1: Donald Trump to talk about a steel plant that was
• 17:26
  Speaker 1: being opened in Iowa. It's going to be difficult for
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  Speaker 1: her to distance herself now. from the president with optics
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  Speaker 1: like that, but everyone is trying, it seems, in their
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  Speaker 1: own way. Let's bring it to the panel and see
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  Speaker 1: what they think. Bloomberg Politics contributor Rick Davis is with us,
• 17:39
  Speaker 1: our Republican strategist and partner at Stonecourt Capital, joined by
• 17:42
  Speaker 1: Democratic strategist Hannah Moldavin, vice president, political comms at the
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  Speaker 1: Messina Group. It's great to have both of you with
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  Speaker 1: us here. Hannah, is that enough? If you're a Democrat
• 17:52
  Speaker 1: getting on a debate stage with a Republican who says,
• 17:54
  Speaker 1: all right, these gas prices, we've got to end the
• 17:56
  Speaker 1: war now, what's your response?
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  Speaker 10: I don't think it's enough. And I think Ashley Hinson
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  Speaker 10: is finding herself in a really tough spot.
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  Speaker 1: She's nervous.
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  Speaker 10: She seemed nervous on the debate stage last night between
• 18:06
  Speaker 10: distancing herself with Donald Trump. Right now she's running ads
• 18:10
  Speaker 10: in rural red Iowa with Chuck Schumer and Nancy Pelosi,
• 18:14
  Speaker 10: two of the people you never thought she would want
• 18:16
  Speaker 10: to be connecting herself to. And she's more willing to
• 18:18
  Speaker 10: connect herself to them than Donald Trump because of partly
• 18:21
  Speaker 10: this war in Iran situation. the huge spike in diesel prices, fertilizer,
• 18:24
  Speaker 10: the implications for farmers in Iowa. So I think she's
• 18:27
  Speaker 10: trying to do what she can, but between that and
• 18:30
  Speaker 10: between some missteps I think she made on the debate
• 18:32
  Speaker 10: stage last night, she's having a tough go at it.
• 18:34
  Speaker 5: Well, and how much does she need to make sure
• 18:36
  Speaker 5: that the president's base is still with her, Rick, and
• 18:39
  Speaker 5: show up to the polls to cast a vote for her?
• 18:42
  Speaker 5: How far can she go towards stepping away from him
• 18:45
  Speaker 5: without alienating key voters?
• 18:48
  Speaker 1: Yeah, I think there's a lot.
• 18:49
  Speaker 2: Of people doing this construct that, you know, I've been
• 18:52
  Speaker 2: endorsed by Donald Trump. Donald Trump has campaigned with me.
• 18:55
  Speaker 2: I can rely on Donald Trump continuing to motivate his
• 18:58
  Speaker 2: voters to turn out. He's not going anywhere against me
• 19:03
  Speaker 2: between now and Election Day. He needs me as much
• 19:05
  Speaker 2: as I need him. And the focus really has to
• 19:07
  Speaker 2: be on those non-MAGA voters, the squishy Republicans that are
• 19:12
  Speaker 2: really wondering what's this all about. Why weren't we more
• 19:16
  Speaker 2: bipartisan throughout the course of the last term of office?
• 19:20
  Speaker 2: You know, you would have thought that Ashley Hinson was been,
• 19:23
  Speaker 2: you know, the greatest thing for the Democratic Party last night.
• 19:27
  Speaker 2: As you were saying, not just Chuck Schumer, but Joe
• 19:30
  Speaker 2: Biden wasn't a bad guy. So she needs.
• 19:33
  Speaker 8: To move to the middle.
• 19:34
  Speaker 2: She needs to get that independent support. And and if
• 19:38
  Speaker 2: Trump is smart, he'll give her room to do it.
• 19:41
  Speaker 1: Well, we should point out she's at odds with her delegation.
• 19:44
  Speaker 1: She's on an island on this issue. Zach Nunn, Marionette
• 19:47
  Speaker 1: Miller makes both Republicans. voted with Democrats when it came
• 19:52
  Speaker 1: to war powers. And so Josh Turek has the opportunity
• 19:54
  Speaker 1: to say you voted. with the president seven times on this.
• 19:58
  Speaker 1: How do you separate yourself?
• 19:59
  Speaker 3: Absolutely.
• 19:59
  Speaker 10: She's trying to explain in the debate tonight. She tried
• 20:02
  Speaker 10: to explain why voting for the War Powers Act wouldn't
• 20:05
  Speaker 10: actually be helpful. But when you're getting that into the
• 20:07
  Speaker 10: weeds on this stuff, you're losing the argument, especially as
• 20:11
  Speaker 10: you mentioned, she has other Republicans who are in tough
• 20:13
  Speaker 10: races in Iowa. who did the opposite thing of her.
• 20:16
  Speaker 10: So Ashley Henson also didn't get on a debate stage
• 20:18
  Speaker 10: with J.D. Vance, or a rally stage with J.D. Vance
• 20:21
  Speaker 10: when he was there a few weeks ago. She's really
• 20:23
  Speaker 10: trying to walk a tightrope. I don't think she's doing
• 20:25
  Speaker 10: the best job at it, but the polls will tell,
• 20:27
  Speaker 10: or the midterm election results will tell.
• 20:30
  Speaker 2: All right.
• 20:31
  Speaker 5: Well, that's last night's debate. There's a few more coming tonight,
• 20:34
  Speaker 5: including one in Michigan between Abdul El-Sayed, the Democratic nominee
• 20:38
  Speaker 5: in the Senate contest, and Mike Rogers, who, of course,
• 20:41
  Speaker 5: made some noise earlier this week with an ad about tariffs,
• 20:46
  Speaker 5: also creating a bit of distance between himself and President
• 20:49
  Speaker 5: Trump's policy when it comes to the trade war with
• 20:51
  Speaker 5: Canada specifically.
• 20:52
  Speaker 1: Listen. Drinking a Labatt and watching the Red Wings, man,
• 20:56
  Speaker 1: it just doesn't get any more Michigan than that. And
• 20:58
  Speaker 1: here in Michigan, we know that Canada is not our enemy.
• 21:01
  Speaker 1: We need to end this tariff war now.
• 21:05
  Speaker 7: As Michigan Senator, I'll bring both parties together to lower
• 21:08
  Speaker 7: your prices.
• 21:09
  Speaker 1: That's job number one.
• 21:13
  Speaker 5: We should note for our audience on radio, he is
• 21:15
  Speaker 5: literally sitting at a bar. There's some pool being played,
• 21:18
  Speaker 5: some beers being handed out.
• 21:19
  Speaker 3: During the day. Yes.
• 21:20
  Speaker 1: The optics are interesting there. Yeah.
• 21:23
  Speaker 5: Maybe go into some advertisement staging analysis here. But Rick,
• 21:28
  Speaker 5: I am curious how you think he's going to be
• 21:30
  Speaker 5: talking about this issue on the debate stage tonight, knowing,
• 21:34
  Speaker 5: by the way, that back in August, he was talking
• 21:36
  Speaker 5: about in interviews how there may be a need for
• 21:39
  Speaker 5: tariffs on Canada. So Rick, how does he thread that needle?
• 21:44
  Speaker 2: Yeah, look, I mean, Republicans are in the unenviable position
• 21:47
  Speaker 2: of doing backflips on tariffs, on Iran, on the economy. Look,
• 21:54
  Speaker 2: I like the commercial. I spent a little bit of
• 21:57
  Speaker 2: time in bars. You know, I think that was like
• 22:00
  Speaker 2: a man of the people.
• 22:01
  Speaker 4: Kind of thing.
• 22:03
  Speaker 2: The Labatt beer was a great, you know, prop. This
• 22:06
  Speaker 2: is who the guy is. He's really one of the
• 22:08
  Speaker 2: best candidates we have nationally. caught in a horrible cycle again.
• 22:13
  Speaker 2: And the reality of it is he needs to connect
• 22:17
  Speaker 2: with people. That's a good way to do it. And look,
• 22:21
  Speaker 2: tonight the debate is going to be very important for
• 22:23
  Speaker 2: him because what he has to show is a firm
• 22:26
  Speaker 2: knowledge of these issues and a willingness to cut his
• 22:29
  Speaker 2: own path. And it's going to be hard to do
• 22:32
  Speaker 2: that with all the people really curious about Abdul El-Sayed and.
• 22:36
  Speaker 1: What he's going to say.
• 22:37
  Speaker 2: So he's going to have to shout it out.
• 22:41
  Speaker 8: All right.
• 22:41
  Speaker 1: So Rick Davis likes it. He spent a little time
• 22:43
  Speaker 1: in bars. I don't know, Rick. I'm going to take
• 22:46
  Speaker 1: your word on that one. Give me the Democrats view
• 22:49
  Speaker 1: on this hand. Are we that easy? You show up.
• 22:52
  Speaker 1: You've got the Labats in it. But then again, is
• 22:55
  Speaker 1: this in a dimly lit bar? It's clearly lunchtime. Everyone's
• 22:58
  Speaker 1: being served beer, by the way. Like, I guess they're
• 23:00
  Speaker 1: all getting off the shift at this point. Is it
• 23:02
  Speaker 1: that easy to put some power chords on the guitar
• 23:05
  Speaker 1: and a bottle of the bats to change people's minds?
• 23:07
  Speaker 10: I mean, they're trying, right? They're hoping that the, who
• 23:11
  Speaker 10: can you have a beer with? They're trying to do that.
• 23:13
  Speaker 10: And I think you're facing a candidate on the democratic
• 23:15
  Speaker 10: side with Abdul Sayyed, who's very dynamic. He won a
• 23:19
  Speaker 10: really tough primary race on the democratic side in Michigan
• 23:22
  Speaker 10: and I've been really impressed at how the coalition has
• 23:24
  Speaker 10: come together behind him in a time when, I don't know,
• 23:27
  Speaker 10: that debate, that primary was very passionate. That was not
• 23:32
  Speaker 10: necessarily the result that was going to happen on the
• 23:34
  Speaker 10: Democratic side.
• 23:35
  Speaker 1: But it did.
• 23:36
  Speaker 10: And I think it speaks to the leadership of Abdul El-Sayed.
• 23:38
  Speaker 10: You see him and Alyssa Slotkin even coming together. They're
• 23:41
  Speaker 10: not necessarily, they don't agree on the same issues, but
• 23:43
  Speaker 10: they come together. And it's because he's a great leader.
• 23:46
  Speaker 10: And I think we'll see him be a great communicator tonight.
• 23:49
  Speaker 10: He's been always really good on healthcare. tariffs and the
• 23:51
  Speaker 10: issues are not necessarily on Mike Rogers' side. So I'm
• 23:54
  Speaker 10: looking forward to it. You know, the ad is him
• 23:56
  Speaker 10: trying to kick it off. We'll see if it works.
• 23:59
  Speaker 8: Yeah.
• 23:59
  Speaker 5: As Hannah points out, Rick, there was a high profile
• 24:02
  Speaker 5: primary in Michigan. There was also a primary in Maine
• 24:05
  Speaker 5: that was won by Graham Plattner, not Troy Jackson. And
• 24:08
  Speaker 5: yet it's Troy Jackson who is the Democratic nominee now
• 24:11
  Speaker 5: and who will once again tonight on Thursday be sharing
• 24:14
  Speaker 5: a stage with Republican incumbent Susan Collins after they just
• 24:18
  Speaker 5: debated on Tuesday. Who in Maine is watching both of
• 24:22
  Speaker 5: these and who in Maine's mind could change in the
• 24:24
  Speaker 5: course of debate one to a debate two, two days later?
• 24:29
  Speaker 2: Well, I have a lot of friends in Maine and
• 24:30
  Speaker 2: they watch a lot of TV and I won't say
• 24:32
  Speaker 2: anything more about that lifestyle. But, yeah, there's a lot
• 24:38
  Speaker 2: of interest in politics. And I have no doubt that
• 24:43
  Speaker 2: there'll be plenty of viewers who are maybe still trying
• 24:47
  Speaker 2: to figure out what they're going to do because they
• 24:49
  Speaker 2: probably voted for. Susan Collins in the past and are wondering,
• 24:52
  Speaker 2: you know, whether or not that's the same thing they
• 24:54
  Speaker 2: should do again. So I would say this is really
• 24:57
  Speaker 2: important to Susan Collins. I thought she did a terrific
• 25:00
  Speaker 2: job last debate, you know, basically portraying Jackson as an
• 25:04
  Speaker 2: establishment figure and someone who's consistently voted for raising taxes
• 25:09
  Speaker 2: on Mainers.
• 25:10
  Speaker 1: And so she can keep up that kind.
• 25:12
  Speaker 2: Of drumbeat that mirrors the media messaging that's out there,
• 25:15
  Speaker 2: both on her campaign and the Super PAC. I think
• 25:18
  Speaker 2: she can have a good night tonight.
• 25:20
  Speaker 1: Interesting, Rick. Charlie Cook is watching us right now in Maine,
• 25:23
  Speaker 1: by the way, and we hope he keeps the TV on. Hannah,
• 25:26
  Speaker 1: with regard to Maine, could we be in a world
• 25:29
  Speaker 1: where this is a more difficult win for Democrats than
• 25:34
  Speaker 1: a state like Texas?
• 25:36
  Speaker 10: You know, I don't know is the true answer, because
• 25:39
  Speaker 10: Maine is really hard to figure out what's going on there.
• 25:41
  Speaker 10: It's a very independent state. Traditionally, polls there, you never
• 25:44
  Speaker 10: really know. You kind of have to take an understanding
• 25:47
  Speaker 10: of where the direction of those are. But we never
• 25:49
  Speaker 10: really know with Maine. And obviously, we have Troy Jackson,
• 25:52
  Speaker 10: who's new as the Democratic nominee. What I'll say from
• 25:55
  Speaker 10: two nights ago to tonight, I think Jackson got really
• 25:57
  Speaker 10: more comfortable as the debate went on and showed a
• 26:00
  Speaker 10: really strong performance generally. And I think his second debate
• 26:03
  Speaker 10: will see even a stronger performance. And we really saw
• 26:06
  Speaker 10: him zero in on a couple of issues, which interestingly
• 26:08
  Speaker 10: saw Planned Parenthood put more money into the race after
• 26:11
  Speaker 10: the first debate, which is really Susan Collins' vote for
• 26:14
  Speaker 10: Brett Kavanaugh and Roe v.
• 26:15
  Speaker 2: Wade.
• 26:15
  Speaker 10: So we saw more money pour into the state for
• 26:18
  Speaker 10: Troy Jackson after that debate. I think we'll expect a
• 26:20
  Speaker 10: strong performance again. And I will say that Susan Collins...
• 26:24
  Speaker 10: seemed nervous and prepared for that debate, but in a
• 26:27
  Speaker 10: way that I think might have overreacted.
• 26:28
  Speaker 5: All right, Hannah Moldavin and Rick Davis, our political panel
• 26:32
  Speaker 5: on this Thursday. Thank you so much.
• 26:34
  Speaker 1: Stay with us on Balance of Power. We'll have much
• 26:36
  Speaker 1: more coming up after this.
• 26:41
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• 26:44
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• 26:51
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• 26:54
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• 27:00
  Speaker 1: We had a couple of conversations with Byron Donalds, of course,
• 27:02
  Speaker 1: a Republican congressman who has put his efforts into the
• 27:06
  Speaker 1: governor's mansion. He's got Donald Trump's backing. We asked him
• 27:10
  Speaker 1: about the lack of debates in this cycle, and his
• 27:15
  Speaker 1: comments led directly at that time to the general election.
• 27:18
  Speaker 1: He didn't want to debate his primary opponent. He wanted
• 27:20
  Speaker 1: to debate our next guest, David Jolly. Here's what Byron
• 27:23
  Speaker 1: Donald said.
• 27:24
  Speaker 11: I look forward to debating David Jolly. I've already challenged
• 27:27
  Speaker 11: him to three. He hasn't really responded. Something tells me
• 27:30
  Speaker 11: we are going to get on a debate stage. I
• 27:32
  Speaker 11: look forward to that because it's important for the people
• 27:35
  Speaker 11: of our state to see the contrast between my policies
• 27:39
  Speaker 11: and my vision for the future and somebody like David Jolly,
• 27:42
  Speaker 11: who's going to bend the knee to the Democrat Socialists
• 27:45
  Speaker 11: of America. That's not what the people of Florida want.
• 27:47
  Speaker 11: They want a Florida that continues to be the free
• 27:50
  Speaker 11: state of Florida.
• 27:52
  Speaker 8: All right.
• 27:52
  Speaker 1: That was back in August. And of course, now it's
• 27:54
  Speaker 1: Byron Donalds versus David Jolly, the Democratic candidate for governor
• 27:58
  Speaker 1: of Florida. Former congressman from the great state of Florida
• 28:02
  Speaker 1: is with us now on Bloomberg TV and radio. Welcome,
• 28:06
  Speaker 1: David Jolly. It's good to see you. And I'm curious
• 28:08
  Speaker 1: your thoughts. You can respond to what, of course, Byron
• 28:11
  Speaker 1: Donalds said. That's why we invited both of you to
• 28:13
  Speaker 1: be here. But why no debates in this general election cycle,
• 28:17
  Speaker 1: first off?
• 28:20
  Speaker 6: Yeah, very importantly, look, we had accepted several debates. Byron
• 28:23
  Speaker 6: wouldn't respond. He tried to kind of body check us
• 28:25
  Speaker 6: with a press release saying here are the three we're
• 28:27
  Speaker 6: going to do and here are the rules. We also
• 28:29
  Speaker 6: know that all of his ads have been fact checked
• 28:32
  Speaker 6: as false. I don't support a hurricane tax, Social Security tax,
• 28:35
  Speaker 6: oil drilling or socialism.
• 28:37
  Speaker 3: I've condemned the DSA.
• 28:38
  Speaker 6: As you heard in those comments you just played back,
• 28:40
  Speaker 6: he's trying to suggest that I would carry water for
• 28:42
  Speaker 6: the DSA. So fine, chalk all of that up to
• 28:45
  Speaker 6: bad faith and dishonesty we see in politics. But you know,
• 28:48
  Speaker 6: when I finally wrestled with it, I came to the conclusion,
• 28:51
  Speaker 6: I'm trying to elevate our politics into a better space.
• 28:53
  Speaker 6: I'm a former Republican, spent six or seven years as
• 28:56
  Speaker 6: an independent. I'm a proud Florida Democrat, not a reluctant one.
• 29:00
  Speaker 6: And I actually believe we're trying to build a new
• 29:02
  Speaker 6: coalition that that can represent something better, a certain goodness
• 29:06
  Speaker 6: in our politics.
• 29:07
  Speaker 3: And my wife and I have a seven-year-old and five-year-old.
• 29:10
  Speaker 3: I'll be honest about this.
• 29:11
  Speaker 6: And what I realize is that debates right now, given
• 29:14
  Speaker 6: the amount of bad faith and dishonesty, would just platform
• 29:16
  Speaker 6: the division and the rancor and the vitriol And, you know,
• 29:19
  Speaker 6: they've become a platform for who can lay the hardest
• 29:22
  Speaker 6: insult on the other and make it stick on social media.
• 29:25
  Speaker 6: And I don't think it improves the state. It doesn't
• 29:27
  Speaker 6: improve the climate. And, you know, I say in a
• 29:29
  Speaker 6: world of Donald Trump, I'm trying to be Ted Lasso.
• 29:31
  Speaker 6: And a lot of people think that might be naive,
• 29:33
  Speaker 6: but I mean it. I don't want my kids to
• 29:34
  Speaker 6: look back and say, hey, dad just did what every
• 29:36
  Speaker 6: other politician did.
• 29:38
  Speaker 3: I will tell you this. I've done over 310.
• 29:40
  Speaker 8: Halls.
• 29:40
  Speaker 3: Voters do need to be able to see where our
• 29:42
  Speaker 3: policies are.
• 29:43
  Speaker 6: And they do today. Byron's been on the trail. I've
• 29:45
  Speaker 6: been on the trail. Only 6% of our state's undecided.
• 29:48
  Speaker 6: I don't think debates do anything to further inform the public.
• 29:51
  Speaker 6: I think our job is to stay on the streets
• 29:53
  Speaker 6: and make sure we're meeting voters exactly where they are.
• 29:55
  Speaker 6: That's been my commitment for 18 months, and it is
• 29:57
  Speaker 6: for the next three weeks.
• 29:59
  Speaker 8: All right.
• 29:59
  Speaker 5: You said a lot there. So let's pick up on
• 30:03
  Speaker 5: some of those different points. You mentioned how Byron Donalds
• 30:06
  Speaker 5: has been hitting you on this notion of a hurricane tax.
• 30:09
  Speaker 5: If you don't support a hurricane tax, are there ways
• 30:12
  Speaker 5: in which you are looking, funding, paying for things like
• 30:16
  Speaker 5: cleanup and recovery? And I ask you this knowing Isaias
• 30:19
  Speaker 5: is on its way and could hit Florida within the
• 30:21
  Speaker 5: next 24 hours or so.
• 30:23
  Speaker 8: Yeah.
• 30:24
  Speaker 3: It's more important than just response.
• 30:26
  Speaker 6: Look, the homeowners insurance market has collapsed in natural disaster states.
• 30:29
  Speaker 6: Hurricanes in the southeast, wildfires in California, tornadoes in Tornado Alley, flooding.
• 30:35
  Speaker 3: Go through the list.
• 30:35
  Speaker 6: When I was in Congress, I introduced a national catastrophic fund,
• 30:38
  Speaker 6: and as governor, I proposed a state catastrophic fund. Essentially,
• 30:42
  Speaker 6: you pre-fund against the largest disasters. It's the only actuarially
• 30:46
  Speaker 6: sound way to to cover natural disasters. If the private
• 30:49
  Speaker 6: sector had a full private market way to do it,
• 30:52
  Speaker 6: they'd be here, but they're not. And so we currently
• 30:55
  Speaker 6: subsidize our undercapitalized carriers in Florida with a hurricane fund
• 30:59
  Speaker 6: that buys reinsurance, bails them out, lets them ship their
• 31:02
  Speaker 6: profits out of state and keep their losses here.
• 31:04
  Speaker 3: And for that, we're paying three times what we used
• 31:06
  Speaker 3: to pay.
• 31:07
  Speaker 6: I wish the private sector had a solution for natural disasters,
• 31:09
  Speaker 6: and it doesn't. I think we need a state catastrophic fund,
• 31:12
  Speaker 6: a state sovereign wealth fund, to pre-fund against these risks,
• 31:16
  Speaker 6: use that fund to buy reinsurance on the world stage,
• 31:18
  Speaker 6: stabilize the market in Florida, and ultimately, if you can
• 31:22
  Speaker 6: remove hurricane and wind from the private policyholder, put it
• 31:25
  Speaker 6: in a state cap fund, it cuts homeowners insurance by
• 31:28
  Speaker 6: 60 to 70 percent. That's an actuarial model that Wall
• 31:31
  Speaker 6: Street will back. I don't litigate ideology about this. I
• 31:34
  Speaker 6: litigate the solution of it.
• 31:36
  Speaker 5: Okay, but where would the funding for that fund come from?
• 31:42
  Speaker 6: Yeah, so listen, we already have $ 12 billion in our
• 31:44
  Speaker 6: hurricane fund that is populated by fees. I think if
• 31:47
  Speaker 6: we required, call it combined reporting, but require our insurance
• 31:50
  Speaker 6: companies to keep their profits in-state and their losses. Right now,
• 31:54
  Speaker 6: we're sending over a billion and a half dollars in
• 31:57
  Speaker 6: insurance profits out-of-state through layered entities while we're letting them
• 32:01
  Speaker 6: keep their losses here and declare bankruptcy when the big
• 32:03
  Speaker 6: storm happens. So we could look at those fees as
• 32:06
  Speaker 6: well or that revenue source. Ultimately, look, math is math.
• 32:10
  Speaker 6: No governor is going to propose absorbing the risk without
• 32:12
  Speaker 6: a capitalized fund. We could look at tourist development taxes,
• 32:15
  Speaker 6: 91 percent of which are paid for from out of state.
• 32:19
  Speaker 6: It's other people's money. There are ways to get there.
• 32:21
  Speaker 6: You could look at a transaction tax. Not my first choice.
• 32:24
  Speaker 6: But if you're every seven years you're engaged in a.
• 32:26
  Speaker 6: real estate transaction and you pay two hundred fifty four
• 32:29
  Speaker 6: hundred dollars but then every year thereafter you're saving four
• 32:33
  Speaker 6: five ten thousand dollars on your insurance premiums as the
• 32:36
  Speaker 6: best deal going so the guy i i'm telling you
• 32:39
  Speaker 6: i'm not in an ideological space this is about an
• 32:41
  Speaker 6: enterprise solution to an enterprise problem my opponent does like
• 32:44
  Speaker 6: to litigate ideology socialism communism radicalism i would argue he
• 32:49
  Speaker 6: doesn't even understand the economic theory that he's trying to
• 32:52
  Speaker 6: label me with But I would tell you homeowners just
• 32:54
  Speaker 6: need relief. If the private sector had a solution, let's
• 32:57
  Speaker 6: embrace it. If it doesn't, let's go to a state
• 32:59
  Speaker 6: catastrophic fund.
• 33:01
  Speaker 1: You know, we spent a lot of time talking about
• 33:03
  Speaker 1: data centers when Byron Donalds was here last. David Jolly,
• 33:07
  Speaker 1: you were up our way for a tour of Data
• 33:09
  Speaker 1: Center Alley, I see, just last month in Northern Virginia.
• 33:13
  Speaker 1: And there is a difference in your positions here. Byron
• 33:18
  Speaker 1: Donalds was promoting his legislation that would put controls on
• 33:22
  Speaker 1: or curbs on use of electricity and water so it
• 33:25
  Speaker 1: would not interfere with people's utility bills or access to resources.
• 33:29
  Speaker 1: You vowed to issue an executive order on day one
• 33:32
  Speaker 1: to enact a one-year statewide construction moratorium. You know what
• 33:38
  Speaker 1: Republicans say about that position, that you're putting us in
• 33:40
  Speaker 1: a position to lose the race with China. What's your response?
• 33:46
  Speaker 6: That's a national security strategy argument. And as a nation,
• 33:49
  Speaker 6: we can figure out how to beat China in this race.
• 33:53
  Speaker 6: I'm responsible for Florida's voters, 75 percent of whom are
• 33:57
  Speaker 6: saying don't build data centers here. And Byron Donald is
• 34:00
  Speaker 6: trying to convince the voters that they are wrong. And
• 34:03
  Speaker 6: I'm saying, hey, voters, I'm listening to you. And there's
• 34:05
  Speaker 6: good reason. Look, we know the environmental impact. We know
• 34:08
  Speaker 6: the noise pollution. I think there are legitimate public health
• 34:11
  Speaker 6: questions that when I visited the Northern Virginia Data Center alley,
• 34:15
  Speaker 6: four children who had been treated for respiratory conditions, one hospitalized,
• 34:19
  Speaker 6: people complaining of hearing conditions because of the noise pollution.
• 34:23
  Speaker 6: We know the destabilization of communities, the devaluation of real estate,
• 34:26
  Speaker 6: the fire sales of property. And so given all of that,
• 34:30
  Speaker 6: what you're also seeing is these data centers are becoming
• 34:33
  Speaker 6: a bit of a physical metaphor for the loss of
• 34:36
  Speaker 6: economic and political.
• 34:37
  Speaker 3: Power that voters feel they have.
• 34:39
  Speaker 6: Right now in a moment of economic inequality, a campaign
• 34:43
  Speaker 6: finance environment where big tech and big data are buying
• 34:45
  Speaker 6: the politicians and the politicians are just telling.
• 34:47
  Speaker 3: You you're wrong.
• 34:48
  Speaker 6: And so I've said a one-year moratorium. Let's study public
• 34:52
  Speaker 6: health and the environment. And then let's do a deep
• 34:54
  Speaker 6: economic impact study to see if they benefit the state
• 34:57
  Speaker 6: of Florida.
• 34:59
  Speaker 5: On campaign finance. David, where are you focusing your resources
• 35:05
  Speaker 5: right now in this final stretch? And could you stand
• 35:07
  Speaker 5: to benefit from more money from the party at a
• 35:10
  Speaker 5: national level? Or do you understand why perhaps they are
• 35:13
  Speaker 5: diverting more resources to a state like Iowa or Ohio
• 35:16
  Speaker 5: where pickups look perhaps, according to polling, like they might
• 35:20
  Speaker 5: be easier to do than in Florida?
• 35:25
  Speaker 6: Yeah, if the election were tonight, we would win the
• 35:26
  Speaker 6: governorship of Florida. That's where the numbers are. Mar-a-Lago elected
• 35:30
  Speaker 6: a Democratic state representative recently. The city of Miami elected
• 35:33
  Speaker 6: a Democratic mayor for the first time in 30 years.
• 35:35
  Speaker 6: It was 19 points. The numbers and data are there.
• 35:38
  Speaker 6: We built a campaign. But amidst all of this, we've
• 35:41
  Speaker 6: been outspent by over $ 100 million. And fortunately for us,
• 35:44
  Speaker 6: you're not always given this gift. The more Byron Donald spends,
• 35:47
  Speaker 6: the worse he does. There are some candidates that just,
• 35:50
  Speaker 6: the more you hear their message in a cycle where
• 35:52
  Speaker 6: people are asking for change... It doesn't resonate. So we're
• 35:55
  Speaker 6: holding on. The election is a toss-up. I believe we
• 35:58
  Speaker 6: would win the race tonight. But we do always need
• 36:00
  Speaker 6: more help. Look, we are taking on a tax.
• 36:03
  Speaker 3: Lies about a hurricane tax.
• 36:05
  Speaker 6: Or a Social Security tax or socialism go through the list.
• 36:08
  Speaker 6: And the inability to respond definitely hurts in politics. So
• 36:11
  Speaker 6: additional investment is always welcome. And I would ask for
• 36:15
  Speaker 6: it for those in a position to help, whether it's
• 36:16
  Speaker 6: a national party or national donors.
• 36:18
  Speaker 3: But here's why.
• 36:20
  Speaker 6: You don't even have to care about Florida in 26,
• 36:22
  Speaker 6: but Florida electing a Democratic governor in 26 resets the
• 36:25
  Speaker 6: road to the White House in 28. You see, for Democrats,
• 36:29
  Speaker 6: it's about 28, but for voters who just know we
• 36:31
  Speaker 6: need a new coalition in American politics, that's what's happening
• 36:35
  Speaker 6: in Florida, a state with only 29% registered Democrats is
• 36:39
  Speaker 6: on the cusp of building a coalition of 50 or 50%
• 36:42
  Speaker 6: or more, that's showing that we can reimagine our politics. Yeah,
• 36:46
  Speaker 6: I think the economy should work for everyone. Government can
• 36:48
  Speaker 6: do its parts. Everyone's rights protected. It amplifies democratic values,
• 36:52
  Speaker 6: but it does it with independents and Republicans and ushers
• 36:55
  Speaker 6: in a new era in American politics.
• 36:58
  Speaker 1: You mentioned your position on democratic socialists. David, we'll just
• 37:01
  Speaker 1: wrap up on this. I'm curious your thoughts on the
• 37:03
  Speaker 1: Senate race in Florida, uh, and, and whether, whether, uh,
• 37:08
  Speaker 1: Angie Nixon is in fact a threat to your campaign,
• 37:13
  Speaker 1: confusing messages when it comes to Democrats voting in Florida.
• 37:17
  Speaker 1: Is she making it more difficult to cut through the
• 37:20
  Speaker 1: noise when you're delivering your message?
• 37:23
  Speaker 3: No. Not at all.
• 37:25
  Speaker 6: DSA is not being litigated in the state of Florida.
• 37:28
  Speaker 6: In fact, if I've done 300 town halls, Angie's probably
• 37:31
  Speaker 6: been in 200 of them, and when she's not there,
• 37:33
  Speaker 6: she's doing her own other couple hundred. I've only heard
• 37:36
  Speaker 6: Angie talk about housing, health.
• 37:37
  Speaker 3: Care, and education, just like I have.
• 37:38
  Speaker 1: Is she a health care campaign?
• 37:39
  Speaker 3: She's saying I'm going to be a fighter to make sure.
• 37:42
  Speaker 6: I think she mobilizes a constituency, whether it's, you know,
• 37:46
  Speaker 6: more progressive voters or traditional black communities. Sure, I think
• 37:49
  Speaker 6: she energizes and mobilizes communities. Here's the important thing. Where
• 37:53
  Speaker 6: we can work together, we've said we're going to. Where
• 37:55
  Speaker 6: we disagree, we're actually being honest with voters about it,
• 37:58
  Speaker 6: and I think voters appreciate that. I'm not concerned about
• 38:01
  Speaker 6: the rise of socialism today in America. I'm concerned about
• 38:03
  Speaker 6: the rise of right-wing authoritarianism. And that is the type
• 38:07
  Speaker 6: of danger that Byron Donalds actually embraces that I've been
• 38:10
  Speaker 6: fighting against for the past 10 years when I was
• 38:12
  Speaker 6: a Republican and independent and yesterday as a Democrat.
• 38:17
  Speaker 11: All right.
• 38:17
  Speaker 5: The Democratic gubernatorial nominee in the state of Florida, David Jolly.
• 38:21
  Speaker 5: Thank you so much for joining us on Balance of Power.
• 38:26
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• 38:29
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• 38:32
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• 38:34
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• 38:38
  Speaker 1: at Bloomberg.com.