26 Burst results for "Rick Davis"
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"Washington joined by the panel Rick Davis is with me in Washington Ginny chande in New York and we are going to bring this news conference to you at least we'll get to the meat of the Q&A, the stuff that you want to hear and bring it to you live from the rose garden as soon as they began. This was originally scheduled to start about an hour ago and Rick, I guess that tells us they have some things to talk about, doesn't it? Yeah, they may be having a cold sweat session in the Oval Office right now. But look, we've also grown accustomed to the fact that this White House doesn't really work on a normal time schedule. And so when they say they're going to start at a certain time, usually means 30 or 40 minutes later. How important is this dialog here, Jeannie, it's happening in the middle of the workday, of course, not everyone has an opportunity to listen to Bloomberg or watch it on the terminal here. They're going to be looking to get little bits out there in the news later on, create maybe some moments that are tweetable to try to get the messaging across. Yeah, that's right. First of all, everybody should be listening to Bloomberg I don't know if they're working. Who cares? You assume things. Yeah, but you know, I would also say this is critically important for President Biden, you know, we've been hearing a lot of criticism in the last day or two. I'm just noting in The New York Times. They had a piece saying Biden held fewest news conferences since Reagan, so you've even got a lot of press talking about the fact that he has not been out there answering questions from reporters, and they cited the fact that when he was in Ireland last week, he didn't hold a news conference which is standard practice. When the president of Columbia was visiting, he was forced to go out and hold it solo, so the fact we're going to hear from both the presidents in just a few minutes we hope is big news both domestically and internationally. So I think we're going to potentially hear an awful lot about what's coming out of these talks with South Korea and also I think the president may have to field some questions about the debt ceiling about his campaign announcement and other things. So it's a big news conference all around. You know, you mentioned the other major story that's floating in Washington we'd have that chance to get you and that is the debt ceiling. We are expecting a vote today and speaker Kevin McCarthy says he's gonna heal well by God by the time it hits the floor we'll have 218 votes. That could coincide with balance of power a little bit later on. We'll let you know when it happens as it happens, of course. But the rules committee, Rick went to 2 o'clock in the morning and they did make changes to that Bill even after McCarthy said it was locked down. You got the ethanol changes we talked about, revoking some of those or putting back some of those subsidies, I guess, in the end. And then the increased work requirements, I guess, the speaker had no choice. Yeah, absolutely. As much as he said, he was not going to change this bill that he wanted everybody to walk the plank on the draft that he had. They choked at midnight and started making changes. And I think the biggest one was trying to buy in the, you know, basically the Iowa delegation who were really upset about the biofuels credits being taken out. But at the end of the day, Andy Biggs isn't from Iowa, he was complaining. He was complaining. So there were 6 or 8 Republicans that were twice as many as you can afford to lose. To get a bill passed. So clearly they panicked last night. Now, I'm not exactly sure these changes are all that were needed, but and it's going to upset some of the others who were not complaining about the bill that they didn't get anything extra out of it. And so right now it's going to be a real test as to whether or not he can pull this off the floor and he's basically saying I'm going to I'm going to vote even if I don't think I have the votes. And so we could actually see a situation where the vote is taken and they actually don't have the votes. We've seen this movie before and when he was fighting for the speaker's gavel here Jeannie and it's all the same characters pretty much who are giving him trouble now, but even Nancy may says she doesn't know if she can vote for this thing. What's going to happen later? Yeah, you know, desperate they are to get this vote today because of course we're hearing they have attendance problems on Thursday. They're out by Friday. He's headed to the Middle East to get a really historic address on Monday in Israel. So he wants to go out on a good positive note, but he's got to careful not to lose more than four and of course you mention of Gates, birch at Perry bigs all the old standbys and then mace and some others who are giving him trouble. But let's remember, we're talking about a wish list, a bill that is a message bill. It's by all intents and purposes a bill that will never see the light of day. If he can't push this through, can you imagine how bad this gets in June and July when we're talking about raising the debt ceiling when it really matters? Because right now, quite frankly, everybody knows it doesn't matter, and they're still giving him a hard time. So I don't think this bodes well for what's coming in June and July when we hit that debt ceiling. I think I might also have a tendency issues on Thursday, by the way, if somebody could sell my boss that. Rick, he's going to the president that is President Biden's going to have to answer questions I presume on this. That's the first thing they're going to ask. It's not going to be about South Korea today. The only thing that would be really bad news for Joe Biden is that they pass this and they get their two 18. And then he's
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"Joe Matthew as we reassemble the panel Rick Davis is with us of course Bloomberg politics contributor, Republican strategist joined today by Jim a scene of the democratic strategist who now is CEO of his own Messina group, helped to orchestrate the reelection of Barack Obama all listening in on this as we kind of go back over some familiar territory as the congressman from South Carolina told us it was a big value statement ESG woke banking JD Vance in the Senate committee hearing today says, yeah, call it what it is. I think it's important that we use the term bailout and I know that some of you don't like that term, but I think it's the only term that applies fairly here because we using excess fees on community banks all across the country, effectively chose to bail out the uninsured depositors to Silicon Valley bank. Now, there are some outrageous examples there. I think one firm had deposits over $3 billion in other I think Roku had deposits of 500 million. But there were a lot of people, a lot of firms at Silicon Valley bank that had deposits well over a million well over $5 million. And what we did in practice do was bail them out. The senator from Ohio, that's, of course, coming from the Republican side of the aisle. Jim massin, I'm going to start with you here. Where is he wrong? Where is this not a bailout? Not a bailout because what we did was guarantee these deposits and we allowed the bank to restructure and make sure that these businesses had access to their funds. I'm on the board of three Silicon Valley companies that literally couldn't make payroll if the government wouldn't have stepped in and just said, hey, let's take a time out. Let's take this Vancouver. Let's figure it out. You know, Joe, when I was in The White House in 2009, this is exactly what we did to General Motors with the federal government and taxpayers ended up making money on that deal. And it's the role of government to step in and say, let's make sure we're okay here. Silicon Valley is one of the economic drivers of this country and making sure that a whole bunch of businesses didn't fail was not only the prudent thing to do. It was a morally responsible thing to do. Is this argument a waste of time, Rick? Because it sucked up a lot of oxygen in that hearing room. Yeah, I think so. I mean, it's kind of a mood point, right? It's done. These fees that were used to support the bank are fees that are created by banks, contributions to the FDIC. So is that taxpayer money? I mean, call it what you want. I think the optics are bad. I think Jim makes a very good point that this is government control. If there's something government should be doing is ensuring the fiscal integrity of some of our more critical businesses and that includes banks. And I was actually stunned by what I think congressman Timmons said, which was, hey, screw the depositors. Yes. If you had more than $250,000 in a bank, you ought to fail. Go broke, let them fail. All those businesses go kapuk and so I tried to give them a chance to restate that Rick, but that is exactly what his point was that we should have let everybody go broken. Of course, a lot of those depositors had to make payroll the next couple of days. Not only that, but those businesses could have taken a serious head at a time when we may need their technology. And I can't even imagine what the overall impact would have been on the banking sector if we started allowing these kinds of things to occur. I mean, we spent weeks worried about contagion as a result of this bank failure and that of signature and it just goes beyond comprehension to think that that's prudent public policy. Michael Barr got some questioning Jim from senator bob Menendez. Talking about regulations and whether 2018 played into this. Do you agree with President Biden's statement two weeks ago that Congress should strengthen rules for banks to make it less likely that we will see another failure similar to that of Silicon Valley bank? Thank you, senator. I think it's important for us to strengthen capital and liquidity rules. We're working on strengthening them as part of our Basel three reforms and our holistic review of capital. And I think we need to move forward with that. And as both grunberg and I suggested with a long-term debt requirement that would provide an additional cushion in addition to capital for large institutions. So that sounds kind of like a yes, Jim Hasina, and he went on to explain that that's going to take some time to get that done. Do you see the overhaul of regulations actually happening? Well, I think there will be some that the bed can do on their own that the regulators can do on their own. I think Rick and I are probably skeptical we can pass bipartisan banking reform in his current climate. But what I think we both agree on is we ought to learn the lessons of what happened here and bars can report by May 1st. I think that's going to be a really important report. Things are changing the banking world. It doesn't seem like the regulators had a full understanding of what was going on sbv and let's learn from that and let's try to as much as we can all work together to move forward with some regulations that make sense and don't unduly hamper the economic engine of the country. I don't know what you guys think of Michael Barr or the role that he is now playing. And essentially investigating the fed, the regulator, investigating the regulators. Bloomberg news caught up in the hallway outside the hearing room with senator Elizabeth Warren this morning. And she's calling for changes at the top of the fed, she's going after the Federal Reserve, and we know that she's not a fan of Jay Powell. She wants him to recuse himself. I
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"We've got some real challenges here, right? This is an emerging issue that luckily right now is bipartisan, right? There's nobody out there saying, you know, being soft on China tech is somehow a person issue. And so I think that this is something I know that previous Rick Davis and Jim Kessler, this is Bloomberg. Bloomberg radio on demand and in your podcast feed. On the latest edition of the tape podcast, a conversation with Yelena schille at BNP Paribas. We rely upon you to give us a sense of what's going on out there. A lot of eco data, what's your takeaway? So we got GDP results for the fourth quarter today and the report is way weaker than the headline number is telling you. We got an upside surprise as we watched our Bloomberg terminals, but if you start with 9% was the over a quarter of a quarter number and 2.6% was what we were looking for. Right. But they're both a slowdown from 3.2% in the previous quarter. Which is fine, but it's still solid growth if you just look at the headline number. But if you look beneath the surface, you will see that a lot of this is driven by unwanted accumulation in inventories. And this was David Kelly was telling us. And a decline in imports. And a combination of these two is telling you that demand consumer demand is slowing down. Business demand is slowing down. GDP was not the only report we received today. If you look at durable goods report, you will see that shipments core goods shipments are falling as well. So that is not a good number, the durable goods. The headline number. What was the headline? I'm a headline guy. That's all I am. I took two semesters back on. That's why you got you. Okay. Yeah, the headline number is driven by orders of aircrafts. But if you look at broader picture, so beneath the surface again, so you see a significant deceleration in consumer and business demand going forward. So our call is for every session to
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"The start of the new year. I think it's really investors trying to balance the good news from China's reopening with the reality that actually developed market growth outlook to skimming. Clara, thank you very much, Clara cheung, global market strategist, JPMorgan, asset management. This is Wimbledon. Bloomberg radio on demand and in your podcast feed. On the latest edition of the sound on podcast I talked with Bloomberg politics contributors Rick Davis and Jeannie Chan xino about the standoff over the debt limit. I mean the reality is the debt ceiling needs to either be suspended or lifted or we need to get rid of it all together. You simply can not default on the debt or say we're only going to pay certain parts certain bills. And Kevin McCarthy has to take responsibility for that and he's going to keep seeing this push from The White House on this until and unless he does. House Republicans, according to the post Rick, may also stipulate the Treasury Department continue making payments on social security, Medicare, and veterans benefits. Is this real or is this just to get people like us talking? No, I think it's really gamesmanship. I mean, could you imagine the fallout if the government makes a unilateral decision before the debt ceiling does hit that they're going to just stop writing checks? They're assuming that the debt ceiling is not going to be done in time and that we go into a default. So it's just a game. I think they're sounding a little bit desperate over at The White House. Kevin McCarthy walks into a press conference and says, hey, I want to have a conversation with the president and the other Senate leaders about how we solve this problem before it happens. Well, most normal people think, oh, that sounds reasonable. And then the president's response is I'm not meeting with that guy. That doesn't sound like a productive. Outcome for The White House this week. And then they come up with this gimmick, which would be to try and force the events of a default onto Congress months before they're actually is one. I got to believe this is advantage
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"Index futures trading now up about four tenths of 1%. China futures are up about a tenth of a percent. The China reopening story gives and gives and gives. This is Bloomberg. Bloomberg radio on demand and in your podcast feed. On the latest sound on podcast Bloomberg politics contributors Jeannie chande and Rick Davis. Let's talk a little bit more about this bill to take back billions of dollars in funding for the IRS. And this goes back again to the inflation reduction act. $80 billion. And we heard this during the campaign, right? 87,000 armed IRS agents. We're going to fan out across the country and knock people's doors down. They actually haven't been hired and most of them won't even be agents like that. There'll be a lot of different IT people involved in a lot of other stuff here. It became kind of a political meme, if you will. Jeannie, the fact of the matter is, this wouldn't get through the Senate, and if it did, Joe Biden would veto it. Is this the beginning of two years of messaging from the new Republican majority in the House? You know, it is full of misleading claims, including, as you mentioned, the idea that these agents would be armed, the reality is this is something that Republicans wanted to lead off with as a way to say this is where our focus is, but the fact is the IRS and anybody who's dealt with it understands this is very much in need of funding to do the basic job it is supposed to do. And of course they're adding to the deficit by if this was to go into fruition, which it won't as well. Yeah, that's a $114 billion assuming that is correct. Rick, that would be added to the deficit. Is this a case of good politics, bad policy? Look, at the end of the day, this is not going to change the tax bill. This is not going to change the legislation. And but this is going to be something that the Republicans and a year when they start running for reelection in the house are going to go out and say, the first thing we did was try to get these IRS
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"Talk with this man. Some people calling him the government relief. The number that was the single digit number of the bats. That is totally ridiculous. Yeah, crematoriums continue to report impacted conditions. Meanwhile, the WHO says a strain XB .1 .5, which has become dominant in the U.S. and Europe is set to replace other sub variants and could drive a new wave of cases. UK prime minister Rishi sunak says you'll try to approach a fight on labor disruptions. We hugely value public sector workers like nurses. They do incredibly important work. And that's why we want a reasonable dialog with the unions. About what's responsible and fair for our country. And in the coming days, we will update you on the government's next steps. Integrating he may soften his stance but saying the way to take pressure off workers is to lower inflation. So we'll see if that flies with the unions. The house speakership vote has turned to chaos, Kevin McCarthy has failed to get the required number of 6 straight ballots. He hasn't chiseled away any of the opposition to this point They will come back into session at 8 Eastern Time. Bloomberg's Rick Davis says a right wing of the party has become just plainly disruptors. I think these are people who actually want to relish their really anarchists, they're not ideological ideological. And so when they were given everything they wanted, including a one man ability to kick out the speaker, or at least force a vote. Then they said, oh, well, we've got these new demands. We want to be able to decide what committees we all go on. Not everybody, just us. And Republican representative Brian Fitzpatrick is saying the chaos is getting dangerous. We have a third
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"On the latest sound on podcast, Bloomberg politics contributors Jeannie chansa and Rick Davis weigh in. A Republican congressman Adam kinzinger is farewell address on the House floor. The Republican Party used to believe in a big tent, which welcomed the tired, the poor, the huddled masses, yearning to breathe free. Now, we shelter the ignorant, the racist who only stoke anger and hatred to those who are different than us. Pretty heavy duty. And he said a lot more than that. I know that you've been, you've been close to the congressman Rick and following the events of January 6th, he's been through a lot here, taking aim at his own party with some pretty harsh rhetoric on the floor. Will it matter in the end? I think he had an impact and I don't think we've heard the last of Adam kinzinger. Well, that's my question for you. I mean, this was a speech really for the ages. It might have been the most important speech he ever gave. Will it will it be reflected upon when he's running for national office? Oh, I think that this speech will appear in a lot of different places to try and motivate and encourage people of like minded persuasion to get involved in politics in the future. He has a very strong pack operation that's trying to recruit people who actually take their oath of office seriously. It's been interesting to me Genie to watch Democrats warm up to Adam kinzinger. Will Democrats listen to Adam kinzinger now? He does make a really important point about what Democrats did in this election cycle by supporting these trumpian far right candidates in the hopes they would be easier
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"Will have analysis from our signature panel Bloomberg politics contributors Rick Davis and Jeannie Chan first, the markets. We get to a very busy after hours session, of course, now with Charlie palace. I thank you very much. No debate about it, Joe Matthew earnings, front and center. Let's begin with Google parent Alphabet it reported revenue and earnings that fell short of analyst expectations after ours we now have alphabet down by about 5.6%. Microsoft said quarterly sales rose a better than projected 11% on resilient demand for corporate cloud computing services, but the impact of the surging dollar throttled revenue growth to the slowest pace in 5 years. After ours, Microsoft down now by 1.9%. From tech to tacos and chipotle, Mexican grill rose in late trading after reporting comparable sales and profit that outpaced Wall Street's expectations up by 1.1%. How do you pay for it Visa at saw spending growth slow in its most recent quarter as inflation weighs on consumers after ours Visa of pi about 1%. Stocks higher as traders assessed a slew of corporate earnings and wade risks to economic growth from the fed raising rates to combat inflation, ten year, ten year yield 4.1%, the two year 4.47%. S&P up 61 up 1.6% the Dow up 337 up 1.1% as stack up 246 a gain of 2.2%. Spot gold at 1653 the outs West Texas intermediate crewed up 9 tenths of 1%, 85, 32 a barrel. I'm Charlie that Joe Matthew is a Bloomberg business flash
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"Congress that can act and a president who by many estimations seems unwilling to do what his powers allow him to do, and that's a real challenge for this White House. Absolutely. And another thing for Biden to try and keep in mind here is that if he goes too far with what he is proposing, he does risk isolating senator Joe Manchin. I mean, he's walked away from some of these climate proposals, but there is some hope that maybe he'd come back after September and there's still that major healthcare bill that Democrats are interested in moving through. I mean, Rick Davis, what's kind of the balance that Biden has to walk here on this announcement tomorrow. Yeah, I Emily, I think you've really figured out that the dynamic is much more complicated than just having a right to be able to administratively do these things on climate. Joe Manchin is the key to future activity in the Senate for the next two years. I mean, this is not something that could potentially change tomorrow. I mean, we've been talking about the elections. They could be right back in a 50 50 Senate and potentially a house that's Republican. And so they need Joe Manchin to stop the Senate from doing things that Republicans want them to do. And so this is a political dynamic that has great implications with policy and you've got to believe Manchin when he says I'm willing to negotiate on climate. I'm just not willing to negotiate on this reconciliation bill, which by the way has been pretty consistent throughout the course of the last year and a half. Biden's got some options that he could do administratively. And he should do those things. You didn't need to have a emergency declaration. There are many things he can do around pollution and from cars and to put a little pressure on Joe Manchin by talking about doing some things around coal and gas fired power plant regulation. So I think he could bring him along to the negotiating table if he wants to put some heat on mansion. And Jeannie, I'm wondering, is well for some of these democratic voters who were expecting this big climate package, they're now not getting that. They saw that Supreme Court ruling, limiting the powers of the EPA. How is it how important is it for Biden with his actions to show voters that he still is that the Democrats will are still the party that's pushing the climate agenda. As we see in all the polls, voters on both sides really frustrated by the lack of action on these and many other issues in Washington, D.C.
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"Day, even if there is this continues to be a biomech now, they sort of come back and do it in December on the national defense Bill. But again, Warner said, as you did a delay of months could be a delay of years because Intel management will get subsidies and they'll go elsewhere. Well, we already know they delayed the groundbreaking on this massive campus in Ohio, right? We talked to senator rob Portman about that. And I'm sure he didn't like getting that phone call. I don't know if they're talking to other countries because I know there's a lot of incentives out there. It's quite a buffet for these chip makers here, but I suspect there will be more of those Gina Romano told us there would be Eric. If this $52 billion doesn't show up, they're gonna go somewhere else. Well, that's the ironic thing is that they forecast that the Congress will do this to other countries watched out, do their own program. And then we don't and they beat us to it. They made the competition more fierce. Unbelievable. If that's the case, then you've got a busy three weeks. So chips and reconciliation could in fact pass through Congress before the August recess is the takeaway from Eric Watson. Is that fair? It could be, but it could be if it's always safe to bet against Congress because that's a man who's there every day. There is a chance, right? That none of them happened that this is it. Nothing else comes out of this Congress until it's appropriations. That's also true, yes. Wow. Well, that's why you're there. Eric, thank you. Hasn't been with us for a while. And one of our best reporters on Capitol Hill. Bloomberg's Eric Watson on the fastest hour in politics will have the panel to this because they know what's coming as well. Rick Davis Genie chansa on the chip act. And by the way, something wonderful that happened
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"And even his own plan is enunciated in a Wall Street Journal op-ed on Monday None of that's going to happen between now and election day So I hope he's got more tricks up his sleeve because if he's banking on supply chain to take care of itself or pass in a bill on child tax credits he's going to be in deep trouble But Jeannie aren't there regulations that he could roll back that would actually make a difference in the short term I mean one of the things we talk about a lot is the Jones act when it comes to shipping costs He can suspend that for a time There's tariffs he can take off There are regulatory things he could do Is that just too much of an anathema to his base It might be I think at some point the president may decide to take some of those actions but I do agree with Rick that you know he is limited in terms of what he can actually do to impact this So what we're going to see this month is him and the administration coming out and giving us some message that number one the economy is better than we think compared to other countries it certainly better and number two that they're doing everything they can to address inflation The difficulty of that message is of course we all go to pay for gas You have mothers trying to buy formula and fathers They can't get it So you know it's sort of a difference between the reality of macro versus microeconomics And we all feel the micro and as much as somebody says the macro is good you don't necessarily feel it in a visceral way And that's the challenge that they're I'm not sure that it's worth someplace else helps me much more That's right I'm living where I'm living and that hurts hurting where I am Okay Rick Davis and Jeannie Chanel will be staying with us now We're going to turn next to the primary that may not happen until August.
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"Do you think it is a signal that perhaps the public believes it's time for a change in the federal guidelines The CDC's got it Well we certainly understand and have seen in polling that the public is tired of COVID We understand that So are we So did we just turn a corner here Did something major just change three states like that Democrats running them Rick Davis is the mask mandate going to go away beginning with this move in schools Well it certainly appears to be in that certainly wasn't a full throated endorsement of the mass mandate by the press secretary of the president of the United States I would remind you too that Republicans have been pushing for this for some time Glennon's first day of office was to pull out the mask mandate So what makes it news today is three democratic governors doing what Republican governors have been known for some time That is the man that the dog So I do think this could signal a change I do think it's still going to be very much hotly debated in local communities all around the country but they're clearly is I think the combination of safety and fatigue coming to play with this mass mandate Yeah Glenn youngkin is an interesting of Virginia itself an interesting example Genie because 7 school boards said no and the judge has allowed them to continue with their mask mandates here in the D.C. area in Northern Virginia which is a far cry from the rest of the state Did you see the video of youngin at the grocery store the other day I did He's an Alexandria Virginia which is part of Northern Virginia speaking You might know it if you've come to D.C. as a tourist or if you know the areas right across the river from here This is a very democratic sort of liberal place Alexandria He's young and in the grocery store to hold an event on grocery taxes And one of the customers wearing a mask called.
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"The Walsh first though we talk with our political contributors Rick Davis and Genie Chan zino to start this new week that will be critical for economic data And I'd like to get your take both of you on this It culminates with this important jobs report on Friday that is not going to be a barn burner The estimates 66,000 some think that there could be a negative number Genie if I can start with you on this how important will it be for Joe Biden to get ahead of that story Where are we with this economy and with COVID It's critically important for The White House They had a bit of good news at the end of last week concerning the GDP I had questions as did other people as to whether they could communicate that effectively to the American public and sort of address their concerns real concerns people have about inflation Now as we pivot to these potential numbers which they suspect may not be as strong as they want they once again are sort of playing catch up if you will And that's a problem for this White House So they do have to get ahead of this It is no question in anyone's mind that what is going to decide these midterms and the future of this administration is the economy He's got to be able to communicate the positive and show he's addressing potential negatives and most importantly these high inflation numbers It all seems to come back to COVID Rick we heard earlier as I read from the terminal San Francisco fed president Mary Daly we still have 4 million workers sitting on the sidelines How do you get them back to work Well you know first you got to get past this omicron variant And I think that's what's going to have a salient effect on January's labor numbers And you've got to be able to convince people that it's safe to go back to the workplace You still see a lot of these businesses where people are working from home They're not fully opened up yet You've got to strip away some of these mass mandates as virus numbers come down You just got to really hope for a decline in these COVID numbers through the course of the winter so that maybe by spring you can really try to convince people that it's safe to go out and play again Many thanks to our political contributors Rick Davis GD they'll be with us for the hour and we want to go now to The White House to speak with U.S. labor secretary Marty Walsh It's great to have you with a secretary Welcome back to balance of power as we look ahead to this report on jobs at the end of the week This survey was taken right at the time when oma cron was peaking How much of an interruption do you think this will show I just want to put this in the context that the omnicon vary in this highly transmissible in early January 9 over 9 million people were out sick with this with the variants with domino crime The survey was done roughly around the week of January 12th There were millions of people that were still not in work A lot of them were out sick Folks some folks were out sick.
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"Our political contributors Rick Davis and Jeannie Shannon for our midterms 2022 segment which will be a regular feature on the broadcast It's great to have you both back with us here Rick we were just talking with Frank luntz about inflation as kind of the number one talking point so far with Republicans They've been hammering President Biden on this for months Based on what we're seeing though in these markets based on what we're seeing with Russia and Ukraine are the talking points changing No I think that'll be one that will continue throughout the course of this midterm election Inflation obviously spikes very high in the pulling data So it's not likely GOP candidates are going to let go of that I would say when you get into foreign policy national security it's much harder to create a stark contrast with Democrats and Republicans I mean nobody's rooting for the Russians And nobody's thinking China is someday ought to be the ones that rule the world So I think that in this case because the Biden administration owns the effects of inflation Republicans will settle in there long-term Jeannie the president's The White House overall message has really been we're working on it right You got us hired here to solve problems We're working on inflation It's a supply chain thing give it time I realize it may not be transitory but give it time has essentially been the message they probably don't like the way I'm constructing that But is that going to be the go forward here in the midterms I think we're going to hear a couple things Number one to your point a lot of this is about failed communications You know it is one thing to say we're working on it They also have to talk about what they've done Look at these low unemployment numbers Look at the fact that they passed a bipartisan infrastructure Bill They've got to look at their successes and they've got to talk about them And Joe Biden talked last week at his press conference about getting out and talking about those Then they've also got to remind people and we heard Joe Biden say this the Democrats have been talking about it They have to do it more forcefully that the Republicans stand for nothing One of the things the Democrats are talking about in their estimation I'm not saying I believe that but in their estimation one of the things that we heard the president talk about was the fact that the Republicans didn't even support the incursion of money that $1 trillion that was spent over 1,000,000,000,001.7 trillion The American rescue plan So they've taken advantage of that And so when we talk about ending coronavirus there's that influx of money There's also some Republicans opposed to things like masking and vaccines So they've got to get out there and talk about what they've done and they've got to get out there and remind people who they're running against It's an uphill battle always historically for the president's party but they have some room to push And he is going to get out there Rick that's the promise from President Biden in his second year he's going to hit the road He said he's going to bring members of Congress with him Will it make a difference It has to In other words his options to get anything done in a midterm right now in Congress is very limited So he's just got to go out and hit the campaign trail Use the bully pulpit Democrats that he can support them with issues And do the best he can to convince people that the tradeoff for inflation is worth it That's going to be hard This administration already has a hangover every morning over this inflation issue that they called transitory that they said oh get over it And now they own it And so getting beyond it is going to be very difficult All of that said Jeannie this is a president that says he's got a story to tell right You just tried to tell it and it starts with the infrastructure law Can he at least present himself as having made one major bipartisan score That's what he's trying to do We heard him out The other week last Friday talking about Intel talking about the semiconductor He's got to talk about the successes that they've had Let's be clear If inflation remains as high as it is today in November Democrats are going to have a huge problem in the midterm It's a done deal for them if that remains But if inflation lessons as some people suggest much credit for it He can take credit for it and it may help them They will still probably lose seats but they will be in a much stronger position if that happens So the president has got to get out and do what Joe Biden likes to do He likes to talk get him out there but he's got to celebrate his wins He's not just be guided by this talk about the big lesson He learned from Barack Obama he said right You have to tell people you have to sell them what you already got passed We talk a lot about retirements Rick there are too many to count in this segment right now But who will feel the weight of them Democrats or Republicans Well there are almost twice as many democratic retirements as Republicans They come in more transitory to use that term again Districts in other words districts that could be actually flipped to Republicans The Republican districts aren't likely to fall to Democrats So retirements usually mean in the current crop of Republican retirements that they're going to be replaced by whoever wins the primary I would say that's where most people are watching now is do mainstream Republicans win those primaries or do Trump Republicans win those primaries And that's going to be a bigger question on.
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"Help us make sense of all of it if you are just joining as though as a screamer at the top President Biden on the road in Kentucky he's been there of course surveying the devastation left by the string of tornadoes and spoke to reporters as he was walking around looking at this as he's willing to delay his social spending agenda To allow for a vote on a voting rights bill that's if Democrats think they can do it So a lot has changed in the last 12 hours in the last hour for that matter As we rejoin with the panel Bloomberg politics contributors Jeannie chanso and Rick Davis Interesting conversation about the airline hearings today I know both of you guys fly a lot You actually have a good sense of the way this has gone over the past year We heard not only from the CEOs and I'd like to get your sense of this but also from the aforementioned Sarah Nelson who heads the flight attendants union and they're all begging for some cooperation here This has been a tough a tough ride for this industry Rick Davis when you hear about this $50 billion going out in what was this payroll program here to essentially keep the industry afloat all of these CEOs American Delta Southwest United all agreed that it saved the airline industry from ruin Is this an example of government doing the right thing to help private industry Yeah it may well be a very important moment because unlike others that were hard hit by COVID the restaurant business the hotel business The airline business is a strategic and important asset to keep flying in America Without which I think our economy would unlikely recover as quickly So and there are many other uses of the airline industry to get supplies back and forth and so including vaccine The idea of letting them sort of cut them loose I think would have been a really detrimental impact Probably a good use of taxpayer dollars Would you agree with that Genie I know you're no stranger to the airline business but a lot of these lawmakers were wondering why then did we still get cancellations You heard Dan Katz they're asking why weren't staffing levels at the levels they should have been Yeah And I have to say you know it's like so many people I was personally impacted by that I know a lot of people were it's been a really difficult over the last year for people who have had to fly or have chosen to fly And I think that part of what we're seeing when we look at the airline industry is really sort of reflective of what we're seeing in a lot of industries And you were talking to Dan about this You know they had a lot of people who work for the industry decide things weren't going to get better in the next year to three So why not take that early buyout That leads to a shortage of employees and that makes it very very difficult for the airline like other industries to pivot when demand increases as it did following the vaccinations And so in that way I think it's something that once in a century pandemic a lot of industries really are challenged to try to respond to an address I agree the spending is critically important You can't let the airline industry in the United States go under certainly but also I think there have to be tough questions asked and lessons learned about what could have been done better in the industry and at government quite frankly to adjust to some of these challenges Men as the matter of what can still be done better and as we heard from the head of the flight attendants union Sarah Nelson the issue is air rage So you've got a situation where flight attendants don't always want to come back to work or certainly volunteer for extra hours because in many cases they're not safe They're not secure in the air that the number of incidents is staggering when you consider the saron Nelson who is the head of the union talked about it today in the hearings that it's not just what's happening on the plains She's begging the TSA to secure the gates to secure the airports We do need more enforcement in the airports because we are not seeing that happen and it is unclear who is responsible for that at TSA and how consistently that is happening We need to ban to go alcohol This is a major issue And the alcohol is being pushed on passengers now today more so as we are in the pandemic than before This started with to go alcohol because of pandemic serving procedures and they determined that this was a money maker and they are pushing it now in the airports And that is unacceptable because it is at the expense of our safety All of this has to do with COVID to go alcohol thing My God Rick you see this happen your board a plane and a lot of travelers likely not business travelers are drunk before they get on the fighting with the masks and all this stuff is what follows Is this simply a matter of government enforcing rules already on the books or do we need new ones You know I think I don't know enough about what the rules are governing this new to go alcohol which really does just like smack of a bad idea and we're now seeing the effects of it And I guess a lot of it is just enforcement You know after 9 11 I thought every single plane had an air marshal on it My little goal was to actually ID the air Monday flight I was on You know because we.
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"Rick Davis and Jeannie she and Zayn are all star panel the Bloomberg politics contributors who make us help us make sense of all the economic news happening today Let's start with what Larry summers the former US Treasury secretary had to say when he spoke to Bloomberg's David Weston on Bloomberg TV's Wall Street week this was first on the jobs report when he said we got a lot of demand not so much supply on the economy He said it's in a difficult situation still And he also says the global corporate tax accord is in his words the most important economic agreement of the 21st century Here is Larry summers speaking to David Weston The most important global economic agreement of the 21st century so far It's important in reality because it's going to fortify tax collections from corporations for companies all over the world It's important in principle because instead of countries running a race to the bottom with respect to taxing business income they're now going to level up in a way that's going to be fairer and permit tax reductions on working people all over the world Well Rick Davis I want your takeaway on this because just in the last segment we heard from congressman Kevin Brady the top Republican on the house's tax writing committee who really downplayed the importance of this as it pertains to the current debate in the U.S. over our own corporate rate So Rick who's right is this a massive deal or is it not the kind of thing that should factor in to our own domestic debates right now Well I think you really put it wisely in that if you're looking at just a domestic tax structure that we have in whether or not our current 21% corporate rates how that's going to be affected by it then you'd say yeah no it's not It's not much of an effect But if you look at the global economy and all the tech companies especially you know who have shifted their profits to low tax or no tax havens in a way to avoid a corporate tax in the amount of revenue that that has lost to jurisdictions around the world then it is a big deal So it just depends upon what point of view you have And I thought what was interesting about what Larry summer said is that he says this is so far the greatest thing that's happened in the 21st century in Texas What is he thinks coming next That does seem to be the key question on that I'm curious about the jobs report as well that we discussed with congressman Brady Jeannie obviously the Republicans are not painting a particularly positive picture of job gains and the report that came out this morning was lower than expected What does that actually mean though Should we be focusing on the headline number of a 194,000 or what really is the take away from today's jobs report in your view You know we did hear in a lot of the headlines echoed that You know it didn't meet expectations which were half a million But as the president said when he came out and made his remarks today there were positive signs there There was the fact that the unemployment rate dropped from 5.2 to 4.8 Those are very good numbers But I think the broader perspective here is something that we ignore oftentimes which is that the president does get the benefit in the criticism when the economy is doing well or in a slump But the fact is is that the president doesn't have as much control over the economy as we like to think And in this case what the economy is responding to in the president is right about this is the pandemic These numbers were collected end date was mid September He's right that's when Delta was soaring It's going to take time to get us out of a self imposed shutdown that we were in So I think we've got to be realistic here about how much the president controls the economy whether that president is Trump or that president is Biden You know Rick I also want to ask you a similar question that I asked the congressman because I think this is something that everyone's trying to figure out right now Why aren't these job numbers stronger Initially Republicans said that it was because of that supplemental unemployment insurance That's no longer a thing Democrats said it's because kids haven't gone back to school yet Well now a lot of schools are open What is going on here What's happening with these numbers Well I mean when you look inside of it there aren't very many good indications that we're in a trend I mean July this number was at a million And so what's happened in the last two months Well you know we stopped paying extra unemployment insurance Well hell that should have gotten everybody back into the employment line like Republicans have been proposing But even Kevin Brady who you just interviewed pointed out that 50% of this 194,000 number for September are 55 years and older I mean that really defies what we thought was missing in the job market which was driven by leisure and lodging and hospitality So it's kind of hard to tell where we go from here A lot of people's expectations have actually not materialized And so I think Democrats are looking for an answer But Republicans thought that this was going to be a better report because they really truly believed that the extra unemployment insurance when it ran out would drive people back to work The September number doesn't show it Well looking at the details of this report some of the private sector numbers were significantly better but actually in particular public education jobs declined in September seems like a strange time for that to happen Jeannie real quick What do you think caused that Well I think this is what we're going to be seeing as a fallout from the pandemic and the shutting down and I think you're absolutely right to point that out That was one of the oddities But as we saw when this report was released that was to a certain extent poo pooed They.
Bloomberg Radio New York
"rick davis" Discussed on Bloomberg Radio New York
"Of the debt ceiling through early September and it's our hope that we can get this done today Early what did I say Oh Jesus September's past already Let me revise my statement Well I kicked the can down the road A couple of more weeks Why create an additional layer of uncertainty We have reached agreement on we have reached agreement to extend the debt ceiling through early December And it's our hope that we can get this done as soon as today I yield the floor The pathway our democratic colleagues have accepted will spare the American people any near term crisis We don't need to kick the can We don't need to go through a cumbersome process The speaker And the democratic leader had three months notice to do their jobs But for two and a half months Democrat leaders did nothing And then complain That they were actually short on time He's bought us perhaps two months To work on the bipartisan infrastructure Bill and the reconciliation bill We don't need to kick the can I think he finally realized the gravity of the strategy And so we kicked the can with the panel on the fastest hour in politics Welcome to sound on the Thursday edition Welcome to little Friday Let's assemble the panel with Bloomberg politics contributor Republican strategist Rick Davis and democratic strategist Kristen Hahn is with us communications director at rock solutions former comms director for the blue.
Bloomberg Daybreak
How outcome of Georgia Senate runoffs could affect Biden's agenda
"Begin in Georgia, where results from the Senate runoff elections are continuing to come in. Democrats are set to claim another seat with Raphael Warnock projected to defeat Republican Kelly Leffler. Warnock addressed his supporters overnight. We prove that with hope Hard work and the people by our side. Anything is possible. With 98% of precincts reporting, Warnock has claimed 50.6% of the vote. But Lefler has yet to concede. This is a game of inches. We're gonna win this election. We're gonna save this country. War Knocks. Victory ends more than 30 year losing streak for Democrats in statewide run offs It also leaves control of the Senate. Up to the state's other runoff between Republican David Perdue and Democrat John Also off the contest remains tight, with all soft ahead by about 13,000 votes. Gabriel Sterling is Georgia's voting system implementation manager. There's a potential where some of these elections could be within a half a point, So the second place finisher will have the opportunity to potentially ask for a recount again. So I've currently has 50.1% of the vote. Well, Purdue, is it 49.9%. Some absentee votes have yet to be counted. And as many as 17,000 military and overseas ballots are due by Friday. President Elect Joe Biden's agenda hinges on the outcome. Jeannie's A No, is a Bloomberg News contributor and professor of political science at Iona College. All the things that you know Biden has talked about wanting to do. I'm not suggesting he'd be able to do all of them, but certainly you two have a lot better shot. If you have a Chuck Schumer controlling that gavel versus a Mitch McConnell. But even if Democrats do take the Senate, the majority remains small. More on that from Bloomberg News contributor and former McCain campaign manager Rick Davis. Just because you have the majority and you can set the agenda doesn't mean you get your gender past and their big, close sentence, close houses. It's only a 10 vote margin in the House of Representatives that Speaker Pelosi has so any given issue is going to have defections with levelers loss, Republicans must hold on to produce Senate seat to keep their hold on the chamber, though it may take days to determine the final outcome of that race.
Bloomberg Daybreak: Asia
Election Day 2020: Rick Davis
"Joining us live is Bloomberg's Rick Davis, partner at Stone Court Capital has run a good number of campaigns, including John McCain's 2008 Rick Again. Thank you so much for joining us. My pleasure. Yeah, The Democrats seem focused on Pennsylvania Joe Biden yesterday back again today, Camilla Harris today saying it be decided they're Biden claims it's his first home. Polling has been good. But now the NBC Marist poll today shows it tightening. Where does this stand? Well, it's on the horse race side. You can't tell, but it's been a very stable election. Even in Pennsylvania, Biden held the lead anywhere from 4 to 10 points, depending on which poll and at what point in this campaign. But that's the nature of this campaign is so unusual is how little has really changed lately. I mean, when you were tracking polls and you're only you know, seeing Ah pointer to tightening or loosening in the course of an election. It shows you a very stable electric. In other words, people have made up their minds and we've seen in the last month. People are voting in record numbers during these early votes, And so my guess is Pennsylvania. I would say. Friends toward Biden because he's never been behind in any public or private survey I've seen, but you know, we're see what happens on Election Day. Yeah, Also Florida I mean, for the most part of Florida Early on, and who knows early eyes? It goes for for Biden. They're saying that it's over. Yeah. If Florida goes for Biden, there's really no way for Donald Trump. To find a path to victory mean Biden start with some of the Trump states that he won before pretty much in Hiss. Calm. Michigan, Minnesota, Wisconsin. These are all states that Biden is right now tracking an almost 10 in some cases, 12 points. So you take those states away from Donald Trump. And he can't afford to lose those Bay States and the biggest one that he Has in play 29 electoral votes is Florida now have the two things have the pollsters learned anything since 2016 number one and have the Democrats learned anything since 2016 I'll take the last one. First. What the Democrats learned is that they needed to pick their spots as to where they need to win in orderto get the necessary electoral votes and And Hillary Clinton's campaign spread themselves all over states that were completely unnecessary. They had people in Arizona and other places the week before the election thinking we're going to turn Red States blue. What? What Joe Biden has shown is the discipline to park himself. As you said earlier in Pennsylvania, every surrogate he has in the country was in there today. And he's planted a flag. If I win Pennsylvania, I win the presidency and I'm fighting here. And he has Ah, just in just in the past hour in campaigning, talking to young talking to students, saying that they that they are the key. I mean, the Democrats have needed, you know, asking that question to motivate young voters. Michelle Obama's been beating this drum now since Since 2016 the young have to be showing up. Are we seeing that they will Yeah, There are record turnouts bank on Which state you're talking about in Pennsylvania is one of them where under 25 8. Voters are starting to show up in much bigger numbers than they did in 2016. Now whether or not that follows on Election day. These are all the early voters that we can track. But if that follows up on Election Day, the young voters could actually make a big impact on the state like Pennsylvania. OK, let's and and the presidency, of course, is what everybody focuses on the most for very good reason. But But let's let's look at the Senate here. I mean, if you're a Democrat, and you're looking at this, you're saying, Wow, we have a really good shot that this could flip. Yeah, His Senate is ah, Titan. There's no question about that. Republicans have probably five or six states where they have likely swings to the Democratic side, potentially. And they only have one pickup in in in. Ah, Alabama. What is interesting? State toe Watch is Georgia. Not only do you have a Senate race up for grabs, But you have a special election for a senator to Senate seats up in Georgia this year. And Georgia has a funky law where you have to get over 50% of the vote, or you go to a runoff. And at this point, neither one of the incumbent Republicans there look like they're going to be able to get to 50%. So you could have the control. The Senate decided months later in a special election on top of the special elections you already have? Yeah, possibly in in January. Now now vote counting. Of course, you know, we hoped to see something tomorrow probably won't. But the president has said that he may claim victory on on election night anyway, both sides of lawyered up. This could be a mess as well. I don't want to be negative, Bob, but but this could be a mess. Well, The good news is states run their elections and so unless they decide to defer to the president states, which would be extraordinary, right? No, no state Tends to do that voluntarily, then they're going to count at their own pace. In fact, we've never had an election where the actual elections certifications. We're on election night. They always take days later. In order to facilitate all the ballot collection and count all the ballots, And then the state certifies. There's there. It just simply doesn't happen on election night in any election we've ever had. And so I think that most of the states if their discipline and they follow their own rules, they'll pay no attention to the president's protestations. He did this in 2018 during the Florida governor's race where he said, Oh, you know, all the votes were counted, and we ought to just move on. We're Yeah, we're going to have to leave it there. Thank you so much and will watch for you and David and Jeannie. With our special election coverage
Bloomberg Law
Changes in population of Arizona swings state more left
"This is a special edition of Balance of powers. Look at election 2020. I'm David Weston. Today We look at three critical swing states that could help decide who occupied the Oval Office next January. We start with Arizona once solidly Republican state that is now Maura, Va. Toss up. Arizona has 11 electoral votes and polls show a tight race. As for Vice President, Joe Biden hopes to become the first Democrat to win the Grand Canyon state since Bill Clinton did back in 1996. Or an overview. We spoke to Bloomberg contributor Rick Davis, who ran the 2008 presidential campaign of the late Arizona Senator John McCain. Four years ago in 2016. It was not a swing state, so it's one of those that have moved into the Swing column primarily because it changes both demographically in the state, but also ideologically demographically, I think you know, the increase in Hispanic population have moved it a little bit closer to the Democratic column. Hispanics make up almost a third of the Voting population now and on ideologically in 2016 trump one white suburban voters in Maricopa County, the largest county in the state. What really decides the outcome in states and in 2018, those same suburban voters fled the Republican Party, causing Martha McSally running for Election to the Senate to lose a Republican, so it's going to be an interesting ride there, but it's definitely a swing state this year. So if you say Maricopa County is I understand, you know better than I really determines the state. Largely. It's a really big count and a large portion of the voting populace. What has changed 16 4018 has the Democratic nature of Maricopa County's changes it more hetero genius than it was before is that they've changed their attitude towards things like immigration. Maricopa has been changing for a long time is one of those state or one of those counties. It's the city of Phoenix is in Maricopa County that has grown at an enormous rate. It's been one of the top five fastest growing counties in the United States for the last 15 years and is one of the top five of the largest counties in America. So it is a complex political beast. I would say What is starting to change is the Republican lock in the suburbs. In the past, we've been able to win the state by winning Maricopa. And if we are not able hold onto especially white women suburban voters in Maricopa County. We can't win the election for a perspective on what it takes to win statewide office in Arizona. We spoke to someone who's done it. Former Republican governor, Jan brewer. She admits the state is changing, but she hopes it hangs on to its conservative roots. There's a good chance that it is probably turning a little purple hair in Arizona, which is very distressful US Republicans, but the bottom line is is that we've had a lot of people moving in and out of California and other places coming to the great State of Arizona czar demographics. Have really changed. I think that we have to take that all into consideration were out there.
Bloomberg Law
How will Trump's impeachment affect November elections?
"Even as the Senate impeachment trial is set to get underway president Donald Trump touts his economic success while at the World Economic Forum in Davos on Tuesday he said that the US has regained its edge against other nations in areas like trade job creation and energy when I spoke at this forum two years ago I told you that we had launched the great American come back today I'm proud to declare that the United States is in the midst of an economic boom the likes of which the world has never seen before Rick Davis we were talking earlier about all the other things going on in addition to impeachment the the broad expectation is that president trump will not be convicted he will stay in office finish out his term with all that being said the presidential election coming up what is the game here what are the Democrats to take it from that perspective hoping trying to accomplish here well I do think there's a element of trying to change the narrative trump just had a big success signing a trade deal with China that he said he was gonna bring China to their knees and arguably he can he can declare some success and the ratification even in the midst of all this impeachment of the U. S. M. C. A. the trade deal between Canada and US it's quite a feather in his cap I mean he's gonna have a signing ceremony while impeachment is going on showing the American public that he's out there doing the hard work the presidency in in you load on top of that low unemployment and investment breaks great stock market records and and he's got a story to tell that that doesn't include impeachment so I think the fact that the Democrats have made a huge gambit on saying we want to start this year an election year talking about impeachment means they have confidence that somehow this is gonna nor to their benefit sure they're gonna tell yeah all we're doing this because the right thing to do and the country needs to have written you know this this this catharsis because otherwise gosh this guy will be uncontrolled and the remainder of his presidency but the reality is this is all about elections and there is an election in ten months and regardless of what happens with impeachment there's gonna be an up or down vote on Donald Trump and and Democrats I think believe that somehow this is going to help them I think the jury's out just like it is on impeachment Craig when all this is said and done in a few weeks months whatever it is how would one define success for Democrats here is it winning over a few Republican votes is at getting John Bolton up there and and saying embarrassing things about the president what what how would you define success is they're they're democratic fetching involves trying to get no Republican votes the expectation is that if you were down from twenty sixteen you're still gonna go from a twenty twenty year dug in your ear dug in deep and you're gone you're either going up with the server down with the ship this is all aimed at those moderates in the middle and again as we talk about every cycle rate can talk about it better than I can even but you know there are those I think it's people things maybe ten or fifteen percent people kind of in the middle who are like you know twenty sixteen act much care for Hillary from kinda like the cut of trump's J. about love that guy from the apprentice he seems like a real decisive guy I'm gonna roll the dice and take my chances you know three years and they're like oh my gosh what have I done they don't let you talk to Democrats when they do focus groups people say they talk about the tweets like I don't really like to tweets which is become kind of a substitute for like I really like his style like he's got a real not very nice to people in the in the you know whatever so I think that the I mean it's a kind of I don't want to sound so cynical but a lot of this impeachment is aimed at maybe that ten percent fifteen percent twenty percent of the way outside the Democrats think are persuaded bowl you know former trump voters are people least took a took a walk on the trump side of the street maybe could come over to the Democrats and really want to dirty up trump as best they can you know he was he was shady and that way you don't Ukrainians and etcetera I think it's a huge gamble I think you know again as we just talked about a last second if you are not exactly riveted by the impeachment yet at least so far and I think Democrats put a lot of chips on this particular square it may work it may not but what they have what trump has is always of Rick said great economy two or three good trade deals and and a real you know telling his back yeah I would say just to add to that is that part of the play for the Democrats as defensive right I mean if you blow see the speaker of the house did not want to DO impeachment and it was the left wing of her party that forced her into it I mean she resisted resisted and she finally caved in because the one thing they can't afford is a disenfranchised base right I mean Hillary Clinton lost in states like Wisconsin because she underperformed what Barack Obama got there by eight in this case in two thousand sixteen she got two hundred fifty thousand fewer votes than Barack Obama did Donald Trump got twenty thousand fewer votes than Mitt Romney did but was able to beat Hillary Clinton that state because she didn't turn out base so a lot of the democratic strategy is fire up that base make sure they're happy if they deliver at the scale that they did for a bomb it's very hard to see a scenario where Donald Trump wins Craig this of course is going on right is were approaching the first presidential primary in Iowa it is there an easy way to describe what impact it's going to have on on the primary especially with some of the leading candidates not all of them but some of them here in Washington and sitting quietly in their seats drinking well yeah sort of at the tactical level it's a great day for Joe Biden or people to judge because you're not a member the United States Senate and so you're free to is moved to Iowa for the next two weeks and and set up shop for the senators running obviously Sanders and Warren called which are really Michael Bennett is still running for president someone told me today so I guess for senators you know it's it's actually trick here I do think out of the more on the strategic level though this is kind of baked into the cake for democratic primary voters and I will you don't really here the campus talk that much about it it's kind of understood of your democratic primary voters like accepted that you don't much care for Donald Trump weather's being in Peter not impeach or convicted or acquitted it it's all it's sort of like the backdrop against which the whole campaign is being run so the the rallies I attended when I was in I was people I've talked to it doesn't come up that much but I do think it's on the front of the minds of primary voters in one important way which is we need to find a candidate that can beat Donald Trump that's really good news for Joe Biden let's goodness for some of the others but that is really the the sort of the driving force behind the caucuses in the primaries are to come Rick isn't about thirty seconds if you can we get to November where is impeachment in Ukraine where to those rank on the panoply of of the issues that voters are going to think about when they well I think I'm on a piece of it I mean we blow through issues so quickly nowadays because of the mass media and how quickly we cycled through things that I would be surprised that the trend actually carries much weight November I would say though that that that Ukraine scandal will continue all right even though impeachment will end in a couple of weeks they'll still be reporting about these crazy deals that we're trying to be struck and what was happening so I wouldn't be surprised if Ukraine has a doesn't have that were porting on it doesn't have a bigger impact in the impeachment itself okay my thanks to Rick Davis former John McCain national campaign manager in Bloomberg contributor in Craig Gordan Bloomberg's Washington
Politics, Policy, Power and Law
The political Ramifications To Trump Being impeached in historic House vote
"Just about everyone saw it coming the house voted yesterday to impeach president trump on two counts with the trial coming next in the Senate but what are the political ramifications president trump speaking in Michigan last night said that he thought it certainly isn't going to hurt him in Michigan and now the Democrats are very upset they want to get Michigan back they just don't know how to do it because they didn't do a thing welcome now Rick Davis his political adviser who has run several campaigns including when John McCain ran for president two thousand eight Mister David Davis I'm proud to say as part of the Bloomberg team covering the twenty twenty election welcome Rick good to have you here thank you that is great to be here so let's start with were president trump was right now on the question of appeasement that's that's percent what happens because most people think they know what's going to happen from here on out what do you do for him in those critical say state of Wisconsin Michigan Pennsylvania help hurt irrelevant yeah I mean you put out a really important factor the the the presidential campaign will not be fought in fifty states it's going to be fought in certain battleground states and and I thought I would add a few Arizona is a good example of a new state that was a battleground state last time here and one that that will be this time at and I think that's that's the reason you found president trump in Michigan last night while the vote was being taken I mean that on its own that's kind of a historic moment where the president of the United States is rallying his team around his narrative on impeachment while the house of representatives and having this historic moment where they are only for the third time in the history of our country voting for impeachment and I think the juxtaposition of that was really stark and and I think you have to look at all the factors that go into these these states the targeted states the the battleground states and what's gonna turn them or not trump in in fact is defending his win last time around in those states so the onus is really on him to hold I would say economics votes in his favor but politics hasn't and so when you look at some of the things are going on in those states whether it's job creation manufacturing or even issues related to other softer she's like climate you have to look at who the swing voters who's going to who would be eligible to vote for for for Donald Trump yeah in their own mindset and what is what's driving that those votes I I would like to remind everybody that that he won four states by a margin at a little over ten thousand votes each state so this is really a razor thin margin that he had in the past so Rick you are I think the perfect person asked this question of and that is that razor thin margin if you gonna turn that is that substance and policy or is that frankly the process of really run the election because some people certainly criticize Hillary Clinton for example for not going to Michigan toward the end last time around they they she sure took it for granted if the next democratic candidate makes more of an effort in Wisconsin Michigan Pennsylvania could that make the difference without regard to the policy sure I mean we like in my business in the old days would like to tell everybody that campaigns matter right there is a little self serving but it was true right I mean if you don't campaign in the state like Hillary didn't campaign in Michigan and you don't spend resources their money and put people in there why do you expect to actually pull off a victory lot of people that were scratching their heads in the Democratic Party as to what her strategy wise yet she was spending money in places it seemingly weren't competitive so that campaign matters she did not deliver a good campaign in that state and then she lost as a result of that so sure it's such a tight margin that the campaign's going to matter but so are the candidates right well we know Donald Trump we've gotten to know him quite a bit in the last few years he shows up in Michigan last night he's got a raucous crowd the stocking them up they love it and there's controversy immediately within within his rallies going after you know the
The Cruz Show
Senator John McCain, NPR and Santa Clara County discussed on The Cruz Show
"The news next Live from NPR news in Washington I'm korva Coleman Arizona is remembering Senator John McCain memorial services are being held for him today in Phoenix after his death last. Weekend from brain cancer from member station, k. j. z. z.. We'll stone reports Senator John McCain will lie in state at the capitol after a private ceremony members of the public will offer. Their respects to the late? Senator at the capitol McCain family spokesman, Rick Davis. Who. Also, ran the senator's bid for the White House says the date is fitting the significance
Red Eye Radio
Senator John McCain, Bob Costantini and President discussed on Red Eye Radio
"Papa, John's, chairman and founder John Schneider says CEO Steve Ritchie is responsible for the company's poor performance starter resigned as chairman this year after it was Revealed use the n. word in a phone call In a letter, posted Monday Schneider blamed Ritchie for making bad decisions, not having the management skills to fix the
WBZ Afternoon News
In final letter, McCain says he "lived and died a proud American"
"In Washington lawmakers from both parties along with, the American Legion demanded it and now President Trump has once again lower the White House flag and. Ordered all flags lowered in honor of the. Late Senator John McCain in a. Statement the president says despite their differences he respects McCain service to the country the. Late Senator left behind a posthumous. Letter it was just going to be a briefing on the, arrangements, for the salute and services but John McCain had one more message I. Lived and died a proud American. Family spokesman Rick Davis read a final, letter the Zona Republican left behind Americans never quit we. Never surrender we never hide from history we. Make history McCain, also, warned against confusing tribalism with patriotism noting this. Is a country built on an idea not blood and soil. Davis says McCain's body will lie in state, Wednesday at the. Arizona capitol which will remain open. As long as people Line I'm warning eleven. And there are emotional tributes already to, the Senator on the Senate floor this afternoon majority, leader Mitch McConnell says the Senate, will never be the same one of the very honest gentleman, with whom I've had the honor to serve We will not forget him I considered are privileged to return some small share of the love the John. Poured out for this
Woody and Company
Ohio State's Ryan Day adjusting to head coaching role
"After weeks of new surrounding the Ohio. State football program not related to football the buckeyes, are finally preparing for a game this week co offensive coordinator and quarterbacks coach Ryan days taking over his head coach urban Meyer stead day says the team has talked about the. Situation surrounding. The program I understand, there's been a lot of. Pain, and stress for a lot of people surrounding the last few weeks and our program, has been working hard our coaches and team have been working hard during that time. To get ready. For the season to. Prepare for the season Myers been, suspended for three games for his alleged knowledge of a domestic violence incident from. Twenty fifteen involving a, former assistant coach Ohio State hosts Oregon state's open their, twenty eighteen college, football season this