President Trump, Roger Stone, Donald Trump discussed on Bloomberg Businessweek

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General Electric has altered the terms of a deal to unload its locomotive business GE shares. They're up now by four point two percent. And after earnings last night Starbucks up by three point two percent. Recapping US equities higher SNP up twenty one a gain of eight tenths of one percent. I'm Charlie Pellett. And that is a Bloomberg business flash much appreciated. Charlie pellett. You are listening to Bloomberg BusinessWeek Carol Massar along with Jason Kelly right here. Here on Bloomberg radio. I am very proud to announce today that we have reached a deal to end the shutdown and reopen the federal government. And that was President Trump speaking just moments ago in the rose garden down at the White House in the nation's capital much-anticipated, and after thirty five days, it appears the shutdown is over it's been a busy day in Washington owing to that and some other headlines. So let's get a sense of what it all means. Craig Gordon, executive editor and Washington bureau chief joins us, the hardest working man in Hollywood. I know Craig. So what do we take away from what we just heard from the president? What you sorry. There was a complete and utter capitulation by the president on his demand for wall funding. You may remember that he said he would not sign a Bill that did not include five point seven billion dollars to build a wall. Then yesterday, they said, well at least a down payment, but like our big now payment and then today, he accepted exactly zero dollars. That is huge. What happened? Why did he all of a sudden why did he capitulate? I think what happened is LaGuardia Airport. Gotcha down today. And it's all fun and games until someone can't land their airplane. It's hard not to take note of the timing of the Roger stone indictment on the same day when talk about that minute. But you know, Trump is a master of distraction, and certainly a lot of us in the newsroom horror writing stories about Roger stone, and how his close ties to candidate Trump and President Trump, suddenly we're now having about the end of the shutdown. So we'll we'll be back to stone before long here. But. He did have just a lot of pressure piling up on Trump. I think also you saw yesterday after they took those votes in the Senate that both failed McConnell and Schumer got together. And I think there was a little bit of a growing drumbeat. Among even some Republicans senators and say, look, Mr President, if you're not going to open this up we will. So obviously better for him to look like he's in control of the situation. But it is it is pretty hard overstate. How much he gave up on the wall? Well, and we were tight Carol. Now, we're talking as we were listening to and and it does feel on the other side like a pretty clean win for speaker Nancy Pelosi here. Yeah. I mean, I, you know, it's interesting because there were a lot of questions about whether Pelosi was sort of the right leader for the new democratic majority. You've got a kind of a younger and more diverse majority in the house now boy, I think she's she's earn her pay. She's really she's kind of getting it done for them right now. I mean, look she stood in with resin, the United States, and she pretty much got everything she wanted so far and he's gotten almost nothing that he wanted so far, and that's kind of a win by any measure. So Craig I gotta ask you, you know, one of the things that I think has been played many times. And maybe not surprisingly is that is seemingly seminal meeting in the Oval Office. Among the president the vice president Senator Schumer speaker Pelosi or then house minority leader Pelosi where Trump said I will own this. I will shut down the government. How much has that come to haunt him in a way, especially in terms of public perception of who's to blame for what's happened over the past thirty five dollars? Yeah. I mean, I think it was sort of determinative if you go back and watch that take my favorite part of that tape is is look at Chuck Schumer, the Senate top Senate democrat he can barely contain his laughter because he knows he's got them. He's got him in. That moment. And look there's been a lot of polls out about who's to blame for the shutdown there, not a single one that I've seen that says Democrats have the blame or the majority blame blame Trump and the Republicans, and that's that has given Pelosi and shimmer just enormous ability to maneuver, they know that they have the public against Trump on this kind of felt like they were on the side of the angels. I thought that when Pelosi said he couldn't deliver the state of the union that might have been a misstep on her part because he is the president, and he wants to give speeches should give a speech. But that's isn't even seem to have changed the change of dynamic. And here we are just a few days later where Trump is capitulating. So they have had public opinion on their side. And I do think the LaGuardia thing was was a pretty several moment. But just the whole drumbeat people not getting paid food banks. We've been through the airport and watching those TSA people when you know, they're not getting paid and they're still doing their job. I think for a lot of Americans that was that was unpleasant. And they decided that Trump was the one that bore the blame. But to quote, one of our former colleagues Hans Nichols. Who tweeted a ceasefire not? The truth. I mean, this ain't over. No. But then I agree with that. I would say a couple of things about that. It seems like it'd be really hard to shut down the government again having just come through it. I know that this is a three week deal. And theoretically on February fifteenth the money runs out just like it ran out before. And you could you could happen again. Boy, I think at that point you might have a lot a lot of lawmakers on the Republican side again saying like, look, Mr President, we can do this hard way. I don't think they want to kind of go through this again. And Secondly it again. I've said it about five times, there's no way there's no way to look at this except that Trump caved. I mean, Nancy Pelosi is Chuck Schumer knows the Democratic Party knows that. And so the idea that he comes back three weeks later playing a stronger hand and having a better chance to get the wall. There's no version of politics that I am familiar with where that's true. So Craig is the pressure. So let's let's talk about you reference Roger stone today 'cause you're right. We came bang out of the gate this morning. I'm reading in you know, and this was the big story. And I thought this was going to be the big story in addition to the shutdown, but really the big story out of Washington. So Roger stone longtime Republican strategists sometime confident of the president charged with obstructing special counsel Robert Muller's investigation of Russia Russian interference in the two thousand sixteen elections. So is that investigation getting to the president? Yeah. I mean, you know, we don't know where this is all going to lead. I think of it a little bit like concentric circles with Donald Trump in the middle and Muller has been moving through those Manafort, I that was kind of low hanging fruit. He had some some filing violations, etc. That was kind of an easy one. Once they rated Cohen that was one circle closer to Trump. They got other records from from Satele room and all that stuff. Now, you've got stone who is a confidante of Trump for many many years meeting in a couple of New Yorkers go back a long way, probably thirty years in New York City, New York state politics. So they know each other. Well, again, mother is alleging that stone lied and some of his testimony. So that's usually fairly easy to prove. It's interesting in the indictment. It doesn't really get to the substance of too much into the self-censor. Stone is not charge related to the substance of the Muller allegation that he was the go-between between WikiLeaks on the Russian hat Democratic National Committee emails and the Trump campaign in there. It's talked about it's sort of that's the role. The Muller believes are alleges that stone play he's charged with any of that. So that's most of us just perjury and such. But again, you now have a very direct link between WikiLeaks Russia. Stone and people in the Trump campaign. There's a very tantalizing part of that Diana where it talks about stone has directed by senior Trump campaign officials to sort of reach out to WikiLeaks and see what they had on the Democratic National Committee emails or any kind of dirt on Hillary. We don't know who did the reaching out. But there again, there's another person who's likely target of future Muller action. So with every step he's building this very methodical case, it does feel like we're getting closer to Donald Trump. Right. And well, it seems like a long time ago at least to me. I mean this earlier this was the week that earlier we heard a little bit of back and forth round. Michael Cohen, the president's former lawyer as it relates to his plan. Testimony on Capitol Hill in front of the house being postponed by him this voluntary testimony. But now is do I have it, right? That he has been subpoenaed to testify behind closed doors in front of the Senate. Yeah. Following the bouncing ball. I'm pretty sure that's right. It's again, it's like we can do is easy way. The hardware come in. He'd said I'll tell my story anytime anyplace downtown started tweeting some rather threatening things about members of his family. And he decided, you know, maybe not, but they can't subpoena him Democrats have subpoena power. They they could bring him in to talk, and again, probably nobody on earth, except Donald Trump himself knows more about Donald Trump's business dealings than Michael Cohen, Roger stone. Again, we can presume was we know was in close contact with Trump off and on during the campaign a afford again was right in the middle of the campaign along with his associate Rick gates. So Robert Muller knows a lot of things right now. And as I say, I want to use the cliche of tip of the iceberg because it's hard to know, exactly. Where in the iceberg. We are ready to the Muller investigation. But I think, you know, again, even in the stone diamond there's nothing specifically laying out point by point the the alleged ties between stone WikiLeaks and the Trump campaign and all that. But it's all. There. It's all like right there in there, and you can only presume the Muller has a lot more to say on that that puts people like stone and others from the campaign much more directly in in the middle of that. And now, you have a situation where you have essentially a US presidential campaign seeking information from a foreign government that's supposed to do that. And so I it seems like is heading in that direction. So if that's ultimately where we end up Craig I mean, what could potentially happen to does. That mean, you have charges against a sitting president illegally. This is kind of a new world for us know if that indeed is how it plays out. How would it play out? Yeah. I mean, I it's it's a little hard to tell. I do think we're we're kind of back to the old like what did the president now on when we now know it from the days of Watergate, and that and that we don't know. I mean, just to be fair to all involved here. We certainly have a lot of people who we know talk to Donald Trump for Roger stone people like that. And Michael Cohen in pretty close proximity to some some bad and likely illegal things, we don't know yet, if they told Trump if Trump new Trump directed them, we just we simply don't know. And again, I think we will know before the end of this. But that's going to ultimately be the question. I mean, you really blend of blunt about it how much trouble Donald gets trouble down. Trump gets in is how much he knew and how much he directed. If any if anything, and we just don't know yet. Well, last quick question does the president delivers state of the union speech on January twenty ninth. I don't think it'll be on the twenty ninth. 'cause that'd be a pretty quick turnaround. Just almost logistically, but we actually were watching the watching the rose garden event that just happened to see if he would sort of say, oh, by the way, I'm gonna give my speech. So stay tuned. More to come on that right? You are the best. And I know it's been busy for you guys in your team. But I always get us up to speed. Thank you. Thank you. Craig Jordan, Washington bureau chief at Bloomberg news from our ninety nine one studio in the nation's capital. So as you have been hearing, it appears there is an agreement to reopen the government based on what the president United States just said moments ago in the rose garden, you heard some of the context just there from executive editor and DC bureau chief Craig Gordon more to come on that more to come on the market reaction. This is work..

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