Latest / Bloomberg Intelligence / Bloomberg's Murphy: Wasserman Shultz Won't Speak at DNC (Audio)
Transcript
- 0:02Speaker 1: Global business news twenty four hours a day at Bloomberg
- 0:05Speaker 1: dot com, the Radio plus Mobile Act and on your radio.
- 0:09Speaker 1: This is a Bloomberg Business Flash. Arron, Bloomberg World Headquarters.
- 0:13Speaker 1: I'm Charlie Howett. Stocks are retreating from records and this
- 0:16Speaker 1: subtate is brought to you by Celebrity Motor Car Company,
- 0:21Speaker 1: the luxury of BMW, the performance of Maserati, the innovation
- 0:25Speaker 1: of Lexus. Walk the red carpet and get the status
- 0:27Speaker 1: you deserve at the Celebrity Motor Car Company. Visit Celebrity
- 0:32Speaker 1: Motor Car dot Com. Stocks are lower, with the SMP
- 0:37Speaker 1: five hundred index falling ten points to sixty four, a
- 0:40Speaker 1: drop there of five tenths of one percent. Nan stack
- 0:43Speaker 1: is down eight points, the drop of two tenths of
- 0:45Speaker 1: one percent down, Industrials down one hundred nine points, a
- 0:49Speaker 1: drop of six tenths of one percent, the tenure down
- 0:52Speaker 1: one thirty second, the yield there one point five six percent,
- 0:55Speaker 1: Gold down five eighteen to drop of four tenths of
- 0:59Speaker 1: one percent, and crude oil falling a dollar nine of
- 1:02Speaker 1: barrel ten right now on West Texas Intermedia crude that
- 1:06Speaker 1: is a drop of two and a half percent I'm
- 1:08Speaker 1: Charlie Podell. That's a bloom Bright business flash. You're listening
- 1:15Speaker 1: to Taking Stock with Kathleen and Pim Fox on Bloomberg Radio.
- 1:20Speaker 1: Turning now to the Democratic a National Convention. It is
- 1:24Speaker 1: getting underway officially today. Hillary Clinton's campaign wants to portray
- 1:30Speaker 1: a unified Democratic Party in contrast to some of the
- 1:34Speaker 1: discourse we saw last week in Cleveland at the Republicans convention.
- 1:38Speaker 1: But this is getting tougher and tougher as calls grow
- 1:42Speaker 1: louder for cheerwoman Debbie Wasserman Schultz to step down immediately
- 1:47Speaker 1: rather than give a couple of big speeches and wait
- 1:49Speaker 1: till the end of the week to leave her post. Well,
- 1:53Speaker 1: let's put all of this in front of someone who
- 1:55Speaker 1: is following it very very closely. Are Washington d C
- 1:58Speaker 1: Bureau Chief Megan Murphy. Well, Megan, welcome back to the show. Boy,
- 2:02Speaker 1: oh boy. In case anybody thought that the d n
- 2:04Speaker 1: C would have a boring convention, they were all wrong.
- 2:08Speaker 1: Now and actually in just the last half hour, Debbie
- 2:10Speaker 1: Wassonman Shoulton, it has been confirmed, will not be speaking
- 2:14Speaker 1: at the convention and will not even gabble into the convention.
- 2:17Speaker 1: She is this is now which is become sort of
- 2:20Speaker 1: the overriding distraction from this message of unity of the
- 2:24Speaker 1: Democrats would like to project. We've had very extraordinary scenes
- 2:28Speaker 1: this morning, first with h speaking up front of her
- 2:31Speaker 1: constituents and actually you know, booing, chanting, And then we
- 2:35Speaker 1: had Bernie Sanders, Hilly Clinton's rival, also getting booed when
- 2:39Speaker 1: he suggested his supportership now turning their attention to voting
- 2:42Speaker 1: for Hillary Clinton and defeating Donald Trump. But yes, if
- 2:44Speaker 1: we thought Cleveland was a hot mess, Philadelphia is competing
- 2:47Speaker 1: right there up with it now, Maigan, And wonder if
- 2:49Speaker 1: you could describe what happened at this delicate breakfast in
- 2:53Speaker 1: Philadelphia with the Florida Democratic delegation and the congresswoman from Florida,
- 3:00Speaker 1: Wie Wasserman Schultz. So what happened was she had taken
- 3:04Speaker 1: to the floor to address her delegates and it broke
- 3:07Speaker 1: out into a series of both pro um washerman shild
- 3:11Speaker 1: chanting and against her and people saying she had to go.
- 3:15Speaker 1: And and that's what we saw, you know, it really visible.
- 3:17Speaker 1: But the Bernie standers addressed as well as to his
- 3:20Speaker 1: own supporters was equally stunning in that there's clearly many
- 3:24Speaker 1: of his delegates who were just unwilling to transfer their intense,
- 3:28Speaker 1: you know, following behind him to Hillary Clinton. Now, to
- 3:31Speaker 1: be fair, that doesn't necessarily represent the majority of the
- 3:34Speaker 1: Democratic Party or even you know, a large minority of
- 3:38Speaker 1: the Democratic Party. It's it's it's a base, it's the
- 3:40Speaker 1: Bernie supporters, it's his hardcore followers. But it's still just
- 3:43Speaker 1: shows we still have a very fractured party heading into tonight,
- 3:47Speaker 1: which is supposed to be all about, you know, drawing
- 3:49Speaker 1: a sharp contrast with the Republican message of gloom and doom.
- 3:52Speaker 1: They really wanted to put a positive spin on this,
- 3:54Speaker 1: a message of optimism, and they're having trouble getting out
- 3:57Speaker 1: of the gate. Well. Of course, what really seemed to
- 3:59Speaker 1: seal uh, Debbie Washerman Schultz's fate was the release of
- 4:06Speaker 1: nearly twenty thou DNC emails by wiki leagues on Friday.
- 4:10Speaker 1: It showed pretty blatantly that party leadership was leaning in
- 4:13Speaker 1: support of Hillary Clinton's presidential campaign during the Democratic primary. Now,
- 4:20Speaker 1: Bernie Sanders had complained about this for a long time.
- 4:23Speaker 1: A lot of people brushed it off. Is there anything
- 4:26Speaker 1: new you can tell us about the source of that
- 4:28Speaker 1: league about what people in the party are saying about
- 4:31Speaker 1: we this is politics. You know what enemy of Debbie
- 4:35Speaker 1: Washerman Schultz could have been involved. I mean, look, this
- 4:39Speaker 1: is the subject that's dominating the convention. But in terms
- 4:42Speaker 1: of the actual source of that league, obviously there's a
- 4:45Speaker 1: tremendous amount of speculation about Russian hackers, people associated with
- 4:49Speaker 1: people supporting Donald Trump, sort of in the cyber world,
- 4:52Speaker 1: that this is intentionally happen and then released at a
- 4:55Speaker 1: moment that would have like maximum possible damage. That is
- 4:58Speaker 1: the speculation. The FBI I announced the days they would
- 5:01Speaker 1: investigate the hack. It's the White House is also looking
- 5:03Speaker 1: into it. And and look, I think but I think
- 5:05Speaker 1: it's a core feeling is people shouldn't write stupid things
- 5:08Speaker 1: and emails. I'm sure if you went back through the
- 5:11Speaker 1: r nteering as a candidates, I mean, Hillary Clinton has
- 5:14Speaker 1: had our own trouble with her own emails, and what
- 5:16Speaker 1: was revealed in those emails, as you said, was just
- 5:19Speaker 1: very overt biased towards the Sanders campaign as something they
- 5:22Speaker 1: had longed respected, as something they had long complained about,
- 5:25Speaker 1: agitated against. And there it was in in black and
- 5:28Speaker 1: white or in you know, text on the screen um
- 5:30Speaker 1: for everyone to see. And you know, his supporters feel jipped,
- 5:34Speaker 1: and they feel like it was rigged, and and there's
- 5:36Speaker 1: no question that they have ground to believe that given
- 5:38Speaker 1: what we saw on some of those emails tell us
- 5:41Speaker 1: what we can expect from today's opening of the Democratic
- 5:45Speaker 1: National Convention. So tonight we have a pretty mor key
- 5:48Speaker 1: lineup as of every night we're going to have this week.
- 5:51Speaker 1: We have Michelle Obama, we have Elizabeth Warren speaking. Both
- 5:54Speaker 1: of those speeches will be really closely watched to see,
- 5:58Speaker 1: you know, what they say in particularly Miss l Obama
- 6:00Speaker 1: in terms of what he brings to the floor and
- 6:03Speaker 1: sort of how they're really going to look to her
- 6:05Speaker 1: to energize it, and and and and sort of bring
- 6:08Speaker 1: back the nostalgia of the best of the Obama years.
- 6:10Speaker 1: And then of course we also have Bernie Sanders themselves,
- 6:13Speaker 1: and I think there are still people who are somewhat
- 6:16Speaker 1: a little bit nervous about what he is actually going
- 6:18Speaker 1: to stay now. In his endorsement of Hilly Clinton, he
- 6:21Speaker 1: was very eloquent, he was very firm with his support.
- 6:24Speaker 1: He was you know, very gracious in that actual endorsement,
- 6:27Speaker 1: But it took them a long time to get there.
- 6:29Speaker 1: He's got a lot of supporters who are going to
- 6:30Speaker 1: be in that hall tonight, and whether or not he's
- 6:33Speaker 1: going to be as both rodd in his support is
- 6:35Speaker 1: what everyone's going to be watching. Of course, one of
- 6:37Speaker 1: the pieces of tape, piece of video and running on
- 6:40Speaker 1: Bloomberg Television today shows him saying quite adamantly, we must
- 6:45Speaker 1: elect Hillary Clinton. And we can understand that for many Democrats,
- 6:50Speaker 1: whatever you may feel or think about Hilly Clinton, how
- 6:53Speaker 1: she got the nomination, you know, and ardent Democrat is
- 6:58Speaker 1: going to do everything they can to not have Donald
- 7:01Speaker 1: Trump occupy that seat in the White House. You know.
- 7:03Speaker 1: The issues here though, is that in so many ways
- 7:06Speaker 1: this has been one of the true phenomenons of the
- 7:08Speaker 1: sixteen cycle, which is that in some cases Bernie supporters
- 7:12Speaker 1: are actually more aligned with some and I emphasize the
- 7:15Speaker 1: statements some of the principles backed by Donald Trump. You know,
- 7:19Speaker 1: whether it's anti free trade deal, is it's this economic insecurity,
- 7:22Speaker 1: it's bringing um wage listing wages among the white working class,
- 7:26Speaker 1: addressing sort of inequality. These are themes that actually Donald
- 7:30Speaker 1: Trump talks a lot about as well. And people have
- 7:32Speaker 1: always Jonald Trump has been quite overt about saying, I
- 7:35Speaker 1: am targeting Bernie voters in those Russbolt swing states that
- 7:38Speaker 1: are going to make the difference, the Ohio, the Pennsylvania's,
- 7:40Speaker 1: even in Michigan's. You know, going through those states they're
- 7:43Speaker 1: actually have they have crossover effects. So what Hillary Clinton's
- 7:47Speaker 1: people really are focused on is how do we get
- 7:50Speaker 1: them on our side, first of all from up sure
- 7:53Speaker 1: optics optics perspective this week, but also from getting the
- 7:56Speaker 1: enthusiasm and the momentum behind her. It is something she's
- 8:00Speaker 1: as it was throughout the campaign. She just hasn't had
- 8:02Speaker 1: the enthusiasm that he has had, and that's what they're
- 8:05Speaker 1: really focused on. They don't believe they necessarily need all
- 8:08Speaker 1: those voters given the demographic advantage they have, but they
- 8:11Speaker 1: certainly want to build a groundshel enthusiasm coming out of convention.
- 8:14Speaker 1: And look, look at the polls this morning that we've
- 8:16Speaker 1: had and Donald Trump is up five points in one
- 8:19Speaker 1: of the poles that this morning, so they know there
- 8:21Speaker 1: is really everything to play for this week. Terry mccauliffe,
- 8:25Speaker 1: who is the governor of Virginia former Democratic National Committee chair,
- 8:30Speaker 1: said that, well, there's no evidence that anything was done
- 8:33Speaker 1: that affected the actual nominating process of going back to
- 8:36Speaker 1: those emails and the d n C. But he also
- 8:39Speaker 1: said that people should be fired over this email leak.
- 8:44Speaker 1: Will that distract from what goes on at the convention.
- 8:50Speaker 1: I think that this is going to be a little
- 8:52Speaker 1: bit of a Milani at Shump type moment in the
- 8:54Speaker 1: sense of we came into that, you know, Cleveland convention
- 8:58Speaker 1: expecting it to be newsy. We didn't expect this one
- 9:00Speaker 1: to vias Newsy. But the news cycle is moving so fast.
- 9:03Speaker 1: So what they're really hoping is, now that Debbie Washman
- 9:06Speaker 1: ChIL has formally given up her role, they have almost
- 9:08Speaker 1: a sacrificial lamb to offer up over this scandal and
- 9:12Speaker 1: people can move on. They can draw a line, and
- 9:14Speaker 1: they'll try to reset tonight. They've got to lose this Warren,
- 9:17Speaker 1: you know, a great speaker, Michelle, as we've discussed, but
- 9:20Speaker 1: they will overhang the rest of the convention. People are
- 9:23Speaker 1: certainly going to try and make it you know, the
- 9:24Speaker 1: Republicans are going to try and make it overhang. Some
- 9:26Speaker 1: of Bernie's supporters are going to continue to agitate about this,
- 9:29Speaker 1: but I think they will be able to reset more
- 9:32Speaker 1: because in this crazy cycle. The news cycle just moves
- 9:36Speaker 1: so fast. What does Hillary Clinton have to do this week? What?
- 9:40Speaker 1: What is she what? What is her goal? What? What
- 9:43Speaker 1: would be a win for Hillary Clinton? Last week, Donald
- 9:46Speaker 1: Trump's challenge was appearing presidential and convincing the American public
- 9:50Speaker 1: that he actually could hold the job as commander in chief.
- 9:52Speaker 1: That was his task. That is less of her struggle.
- 9:55Speaker 1: More many people believe that she can be presidential. That's
- 9:59Speaker 1: not her issue. Her issue is likability and true humanity.
- 10:03Speaker 1: The issue with her always is she just is not
- 10:05Speaker 1: connecting with some of those voters she needs to connect with.
- 10:08Speaker 1: They still don't know who she is, even after all
- 10:10Speaker 1: this time in the public life. What she really needs
- 10:13Speaker 1: to do is inspire people. She's got over the highest
- 10:16Speaker 1: hurdle of whether or not people think she's she's she
- 10:18Speaker 1: can do that office. For her, it's an issue of
- 10:20Speaker 1: winning back voters trust, making them believe that she is
- 10:24Speaker 1: a person of integrity and honor and can move this
- 10:27Speaker 1: country forward in the right direction. That's going to be
- 10:30Speaker 1: her challenge and send her challenge all along. Get those
- 10:32Speaker 1: favoritabilities up, get more people behind her, and really draw
- 10:36Speaker 1: the sharpest of sharp contrasts with Donald Trump over issues
- 10:40Speaker 1: like the plan for the economy, their plan for national
- 10:42Speaker 1: security present an optimistic vision for America's future, not a
- 10:46Speaker 1: pessimistic one. Thank you very much. Megan Murphy, Bloomberg's a
- 10:50Speaker 1: Washington bureau chief, giving us details about the Democratic National Convention,
- 10:56Speaker 1: which begins today in Philadelphia. Featured speakers include Elizabeth Warren,
- 11:03Speaker 1: Michelle Obama, and Bernie Sanders. I'm pim Fox, along with
- 11:08Speaker 1: Kathleen Hayes and this his Bloomberg Radio