Red Districts in Range for Democrats

>> LIVE FROM WASHINGTON, D.C., THIS IS "BALANCE OF POWER," WITH JOE MATHIEU AND KAILEY LEINZ. JOE: TWO'S OUT FROM THE MID- TERMS AND THE PRESIDENT IS HEADING BACK TO NORTH CAROLINA. WELCOME TO THE TUESDAY EDITION AS PRESIDENT TRUMP HEARINGS -- BRINGS THE RED STATE ROADSHOW TO GREENVILLE A DAY AFTER VICE PRESIDENT VANCE WAS IN THE STATE. I'M JOE MATHIEU ALONGSIDE KAILEY LEINZ OUR SHOW -- IN WASHINGTON. INTERESTING CHOICE OF VENUE AS THE PARTY HAS GIVEN UP ON THE SENATE RACE IN THE STATE. KAILEY: THE MONEY HAS LEFT THE BUILDING FOR THE REPUBLICAN NOMINEE AND EVEN DEMOCRATS HAVE PULLED SOME MONEY AWAY FROM THE LIKELY VICTOR, ROY COOPER, LEAVING QUESTIONS ABOUT WHY THAT IS THE STATE THE PRESIDENT IS TARGETING. IT IS THE DISTRICT OF CONGRESSMAN GREG MURPHY THAT ONE FOR PRESIDENT TRUMP BY 14 POINTS IN 2024. JOE: A ROADSHOW TO PROP UP HOUSE MEMBERS AND MAY BE FURTHER DOWN THE BALLOT AS WELL. LOCATIONS WHERE THE PRESIDENT CAN FILL THE HALL. I GUESS THEY GOT ANOTHER ONE TONIGHT. KAILEY: WE WILL SEE THAT TONIGHT, WE WILL SEE THE PRESIDENT AND VICE PRESIDENT HOLDING A JOINT ANNOUNCEMENT NO SURPRISE PERTAINING TO FRAUD WHICH HAS BECOME ONE OF THE PRIMARY MISSIONS THE VICE PRESIDENT HAS BEEN CHARGED WITH. APPARENTLY THEY WILL OFFER MONETARY REWARDS FOR PEOPLE WHO TIP ON FRAUD. JOE: THE TIP LINE THEY ARE ANNOUNCING. KAILEY: WE WILL KEEP AN EYE ON THAT FOR YOU. JOE: COURTNEY IS LIVE ON THE LAWN AT THE WHITE HOUSE WITH LOTS OF HEADLINES ABOUT UKRAINE AND IRAN. KAILEY: WE WILL GET INTO IT WITH MARA RUDMAN AS WELL AND TOUCH BASE WITH JIM MESSINA WHO RAN OBAMA'S REELECTION CAMPAIGN, INTERESTING TO HEAR HIS READ TWO WEEKS OUT FROM ELECTION DAY. BEFORE WE GET THERE LET'S SEE WHAT IS HAPPENING ON THIS TUESDAY IN FINANCIAL MARKETS AND WE TURNED TO CHARLIE PELLETT. CHARLIE: THANK YOU VERY MUCH. THE NASDAQ 100 TURNING NEGATIVE BRIEFLY. THE S&P IS YOUR BASELINE. WE DO HAVE THE DOW PUSHING HIGHER BY 474 POINTS UP 0.9%. MASTEC ALSO TRADING LITTLE CHANGED. WE HAVE THE 10 YEAR, 5.13%. THE THIRTY-YEAR, FIVE POINT 44%. GOLD DOWN 0.5%. CRUDE, WEST TEXAS INTERMEDIATE LOOKING AT A MIXED PICTURE HERE. WTI UP BY 0.3%. A BARREL OF BRENT IS DOWN 0.5%. KEEPING AN EYE ON GM SHARES, THEY ARE DOWN BY 8.3 PERCENT. SHAREHOLDERS LOOKING PAST PLANS FOR ANOTHER $20 BILLION IN STOCK REPURCHASES, FOCUSED ON A NARROW PROFIT OUTLOOK. FORD REPORTS SHARES ARE DOWN. ALSO UP BY 0.3 PERCENT. SOURCES TELL BLOOMBERG THAT LEGENDARY ENTERTAINMENT HAS SURVIVED TALKS TO ACQUIRE LIONSGATE STUDIOS AND SUBMITTED TO TAKEOVER OFFER. BLOOMBERG HAS PREVIOUSLY REPORTED THAT THEY HAD WEIGHED MAKING A BID FOR LIONSGATE LAST YEAR BUT SINCE THEN THEY HAVE HELD OFF AND ON TALKS. LEGENDARY IS OWNED BY APOLLO GLOBAL MANAGEMENT. LIONSGATE SURGING 14% ON THAT REPORT. APOLLO UP BY 0.8%. BLOOMBERG PRESENTS A SPECIAL EDITION OF BLOOMBERG MARKETS, A CONVERSATION WITH KEN GRIFFIN. DANI BURGER WILL SIT DOWN WITH GRIFFIN, THE FOUNDER AND CEO OF THE CITADEL FOR A WIDE-RANGING CONVERSATION. JOIN US TONIGHT. JOE AND KAILEY. KAILEY: YOU WON'T SEE JOE AND I FOR THE LATE EDITION, JUST THIS EARLY EDITION. AS WE CONSIDER PRESIDENT TRUMP'S TRAVEL TODAY HE IS HEADING DOWN TO NORTH CAROLINA. THAT IS WHAT THE PRESIDENT OF THE UNITED STATES IS DOING. THE PRESIDENT OF UKRAINE TRAVELING TO OSLO, NORWAY, FOR TALKS WITH STEVE WITKOFF, ONE OF THE PRESIDENT OF ENVOYS AND NEGOTIATORS. JARED KUSHNER APPARENTLY PHONING INTO THOSE CONVERSATIONS, INTERESTING TO SEE UKRAINE AND ZELENSKYY BACK AT THE NEGOTIATING TABLE EVEN AFTER YESTERDAY PRESIDENT TRUMP SAYS HE BELIEVES SOMEONE OTHER THAN ZELENSKYY SHOULD BE NEGOTIATING ON HER BEHALF OF UKRAINE. JOE: IT WAS A TOUGH DAY FOR THE RELATIONSHIP WITH UKRAINE. THE PRESIDENT ALSO SUGGESTS HE DOESN'T KNOW WHAT ZELENSKYY IS TALKING ABOUT WHEN IT COMES TO THROTTLING STARLINK. WE ARE STILL TRYING TO GET TO THE BOTTOM OF THAT. PRETTY INTERESTING TO SEE THIS MEETING WITH STEVE WITKOFF. ZELENSKYY HANDED HIM AN AWARD IN THE NORWEGIAN GOVERNMENT'S OFFICIAL RESIDENCE. AS YOU CAN SEE HERE ON THE TERMINAL, THE NORWAY PRIME MINISTER SAYS U.S. UKRAINE TALKS WERE GOOD AND CONSTRUCTIVE BUT WE HAVE BEEN HEARING THAT FOR YEARS. KAILEY: AND THEY HAVE NOT RESULTED IN ANY KIND OF LONG-TERM CEASE-FIRE OR END TO THE CONFLICT. JOE: LET'S GET TO THE WHITE HOUSE RIGHT NOW. BLOOMBERG WHITE HOUSE CORRESPONDENT COURTNEY SUBRAMANIAN IS ON THE NORTH LAWN. I KNOW THE PRESIDENT HAS HIS HEAD IN ELECTORAL POLITICS TODAY. SOME OF THE COMMENTS HE HAS MADE HAVE BEEN PRETTY TOUGH. HAS HE SAYS -- DECIDED TO TURN AWAY FROM ZELENSKYY? COURTNEY: HE SEEMINGLY SEEMS TO BE COURTING PUTIN. HE STRUCK THIS DIESEL DEAL WITH THE RUSSIAN PRESIDENT OBVIOUSLY PROMPTING BIPARTISAN BLOWBACK. HE HAS WAIVED SANCTIONS FROM THE SANCTIONS BILL THAT OVERWHELMINGLY PASSED CONGRESS AND HE SAID HE IS GIVING PUTIN SPACE TO NEGOTIATE. AND AT THE SAME TIME, HE CONTINUES THIS TUSSLE WITH ZELENSKYY WHO HAS ACCUSED THE U.S. OF WITHHOLDING INTELLIGENCE THAT IT SHARES WITH KYIV. PRESIDENT TRUMP DID DISPATCH HIS ENVOY STEVE WITKOFF TO OSLO TO MEET WITH ZELENSKYY, WITH JARED KUSHNER REMOTE MEETING AS WELL. WYCOFF IS MOVING ONTO RUSSIA THE PRESIDENT WILL GO TO SOUTH CAROLINA AFTER A TRIP TO NORTH CAROLINA TODAY. WHY IS THE PRESIDENT INVESTING HIS TIME AND ENERGY INTO THE STATE? COURTNEY: IT'S INTERESTING BECAUSE AS YOU MENTIONED HE KEEPS HITTING SOME OF THESE RED STATES. THEY SAY THIS IS ABOUT GENERATING ENTHUSIASM. AND BOLSTERING TURNOUT BUT SOME OF THESE PLACES HE HAS CHOSEN TO GO THIS WEEK, REPUBLICANS DID NOT EVEN VIEW AS SOMETHING THAT NEEDED TO BE WORRIED ABOUT. IT SIGNALS WHAT AN UPHILL BATTLE THIS WAS FOR THE PARTY IN THE FINAL STRETCH THE PRESIDENT SAID PLEASE PRETEND I'M ON THE BALLOT BUT THE PROBLEM IS POLLING HAS SHOWN THAT HIS POLICIES ON TARIFFS, HIS WAR IN IRAN , THE HIGH COST OF LIVING, THESE ARE THE REASONS REPUBLICANS ARE IN HOT WATER TO BEGIN WITH. KAILEY: ALL RIGHT, COURTNEY SUBRAMANIAN REPORTING FROM THE WHITE HOUSE NORTH LAWN, THANK YOU SO MUCH. AS COURTNEY DESCRIBES REPUBLICANS AS BEING IN HOT WATER, PRESIDENT TRUMP WAS PUSHING BACK ON THAT NOTION IN HIS TRIP TO KANSAS YESTERDAY WHERE HE BEGAN THIS WEEK'S MULTISTATE TOUR THERE ON BEHALF OF THE INCUMBENT REPUBLICAN SENATOR ROGER MARSHALL WHO IS IN A MUCH MORE COMPETITIVE RATES THAN WAS PREVIOUSLY ANTICIPATED. DEMOCRATS FEEL THEY HAVE HOPE IN THE CANDIDACY OF ADAM HAMILTON. PRESIDENT TRUMP WAS PUSHING BACK ON DEMOCRATS' HOPES AND DREAMS LAST NIGHT. >> THE MANIACS ATTACKING OUR CIVILIZATION THINK THEY ARE DOING WELL, BUT THEY ARE NOT DOING WELL. THEY THINK THEY ARE DOING WELL, BUT THEY HAVE NO IDEA THE GIANT THEY HAVE AWOKEN AND UNLEASHED. THIS GIANT RIGHT HERE. ALL OVER THE COUNTRY. [APPLAUSE] AND THEY WILL FIND OUT THE HARD WAY ON ELECTION DAY, NOVEMBER 3. KAILEY: LET'S GET MORE NOW FROM JIM MESSINA , THE MANAGER OF OBAMA'S 2012 REELECTION CAMPAIGN. WELCOME BACK TO BALANCE OF POWER. GREAT TO HAVE YOU TWO WEEKS OUT FROM THE MIDTERMS. THE PRESIDENT SUGGESTED DEMOCRATS THINK THEY ARE DOING WELL. DO DEMOCRATS JUST THINK THAT OR ARE THEY? JIM: WELL, THEY ARE SO FAR. WE ARE SITTING HERE TWO WEEKS OUT. DEMOCRATS ARE REALLY GOOD ABOUT BLOWING SURE THINGS, SO LET'S NOT GET OUT OF HAND HERE. THE NUMBERS I CARE ABOUT ARE THE EARLY VOTE NUMBERS, OVER ALMOST 4 MILLION PEOPLE HAVE EARLY VOTED AS OF YESTERDAY. DEMOCRATS HAVE A 15 POINT LEAD IN PARTY DEDICATION IN THOSE. POLLING LOOKS GOOD BUT IT CAN BE OFF FOR A VARIETY OF REASONS SO EARLY VOTE IS REALLY THE ONE THING. THE OTHER THING I LOOK AT IS ENTHUSIASM. WHEN I RAN THE PRESIDENTIAL CAMPAIGNS THOSE ARE THINGS I REALLY CARED ABOUT. DEMOCRATS HAVE A 12 POINT LEAD IN ENTHUSIASM AND THAT IS THE NUMBER WE REALLY CARE ABOUT. JOE: INTERESTING. THERE WAS ANOTHER NUMBER AND WASHINGTON POST ABC NEWS IPSOS PAUL THAT GOT MY ATTENTION AND IT IS GREAT TO HAVE YOU HERE TWO WEEKS OUT. THIS IS THE MOMENT WE NEED TO GO TO SCHOOL WITH JIM MESSINA. WHEN YOU HEAR MOST AMERICANS ARE CONFIDENT THE MIDTERM ELECTIONS WILL BE CONDUCTED FAIRLY, BUT SEVEN IN 10 DO NOT BELIEVE THAT PRESIDENT TRUMP WILL ACCEPT THE RESULTS, WHAT DOES THAT TELL YOU ABOUT NOVEMBER 4? JIM: THAT TELLS YOU WE ARE GOING TO HAVE A VERY INTERESTING FIRST AND SECOND DAY OF THE ELECTION. ELECTION DAY AND THE DAY AFTER OR GOING TO BE REALLY PERILOUS. AFTER JANUARY 6, AFTER CONTINUING TO SAY HE DIDN'T LOSE THAT ELECTION UNTIL THIS DAY, I DON'T THINK WE CAN ASSUME THE PRESIDENT IS GOING TO DO ANYTHING OTHER THAN CONTEST THIS THING AND DEMOCRATIC LAWYERS ARE PREPARING TO FIGHT THIS OUT. THERE WAS A CHANCE REPUBLICANS COULD WANT TO CONTEST THIS TO THE HOUSE OF REPRESENTATIVES THAT MUST CERTIFY THE ELECTION. THE DOJ HAS ANNOUNCED THEY ARE DOUBLING THE AMOUNT OF PEOPLE THEY ARE PUTTING ONTO THE STREETS TO "MONITOR" THE ELECTION SO I THINK IT IS VERY UNCLEAR HOW THIS IS GOING TO GO AND IT IS ONE OF THE THINGS THAT KEEPS ME UP AT NIGHT. JOE: SO THIS IS CHANGING THE RULES OF THE CAMPAIGN, NORMALLY YOUR LAST WEEKS OF THE CAMPAIGNER ABOUT GEO TV, NOW YOU HAVE A LEGAL WAR ROOM SET UP TO PREPARE FOR THE ELECTION TO BE CONTESTED? JIM: YOU KNOW WHEN THEY ARE PREPARING THEIR GREATEST LOBBYIST PAIRED WITH ME, THE BIGGEST HACK -- POLITICAL HACK, AND WE ARE PREPARING TO MAKE SURE WE HAVE A FREE AND FAIR ELECTION. [LAUGHTER] THE FACT THAT WE ARE HAVING TO DO THIS IN THE UNITED STATES OF AMERICA WILL KNOW OUR 250TH ANNIVERSARY IS SOMEWHAT VEXING. BUT YOU HAVE TO PLAY THE CARDS IN FRONT OF YOU AND THIS IS WHAT YOU HAVE TO DO. KAILEY: SOME MONEY MAY BE ABOUT TO BE SPENT ON A LOT OF LAWYERS AFTER A LOT OF MONEY WAS SPENT AFTER THIS CYCLE. PRESIDENT TRUMP POSTED ABOUT THE MONEY HE HIMSELF AND HIS POLITICAL ACTION COMMITTEE HAVE COMMITTED TO THIS. HE HAS SPENT OR WILL BE SPENDING OVER $400 MILLION BY ELECTION DAY, HE SAID, SAYING MORE THAN $300 MILLION HAS ALREADY BEEN SPENT ON ADVERTISING, VOTER CONTACT, RALLIES, RALLY ARENAS, ELECTION INTEGRITY, GET OUT THE VOTE PROGRAMS, AND MORE. WE SHOULD NOTE THAT MICHAEL BLOOMBERG, THE FOUNDER OF BLOOMBERG TV, HAS COMMITTED MONEY LATE IN THE GAME TO DEMOCRATS. THIS LATE IN THE GAME WHETHER TRUMPS MONEY OR ANY ONE ELSE'S, WHAT DOES THIS MONEY BY YOU WITH SO MANY PEOPLE ALREADY HAVING GONE TO THE POLLS WITH EARLY VOTING? JIM: THIS IS WHY EARLY VOTING IS SO IMPORTANT. ELON MUSK IS PUT IN A QUARTER OF A BILLION DOLLARS AND DONALD TRUMP IS TALKING ABOUT THE BIG NUMBERS HE IS PUTTING IN. I WOULD NOTE ONE OF THE TRUMP NUMBERS THAT A MAJORITY OF THAT IS FOR HIS OWN RALLIES AND YOU GUYS HAD THIS EXACTLY RIGHT. TOMORROW HE'S IN A REPUBLICAN PLUS 43 DISTRICT. THAT IS NOT REALLY HELPING IN THE BATTLEGROUND STATES. I THINK MONEY GETS LESS AND LESS IMPORTANT EVERY SINGLE DAY. WHAT IS TRUE IS MONEY IN HOUSE RACES IS MUCH MORE EFFECTIVE THAN MONEY IN SENATE RACES. IN TEXAS, THE BIGGEST SENATE RACE THEY ARE FOLLOWING, THEY JUST PASSED 500 MILLION DOLLARS IN TV SPENDING. I DON'T THINK ANOTHER $5 MILLION OR $10 MILLION IS GOING TO DO EVERYTHING -- ANYTHING EXCEPT MAKE TV STATION OWNERS A LITTLE BIT RICHER. JOE: THIS IS GOING TO BE A LUCRATIVE QUARTER FOR MANY OF THEM. KANSAS AND MICHIGAN WHICH HAS BECOME A FULL-TIME OCCUPATION FOR SOME FOLLOWING THIS RACE BETWEEN ABDUL EL-SAYED AND MIKE ROGERS. WHO IS THE AUDIENCE? THAT IS WHAT WE HAVE BEEN ASKING. WHERE DOES THIS UNDECIDED VOTER EXIST? JIM: IT'S A GREAT QUESTION ESPECIALLY IN THESE BATTLEGROUND STATES. KANSAS HAS BEEN THE BEST TEST OF THIS. DEMOCRATS LAST WON A SENATE RACE IN KANSAS IN 1932 SHORTLY BEFORE YOU AND I WENT INTO HIGH SCHOOL. [LAUGHTER] THIS HAS BEEN ALMOST 100 YEARS. THE FACT THAT THE PRESIDENT IS RACING TO KANSAS TO PROTECT THAT SEE SHOWS YOU WHERE THE MATH IS. THAT IS PROBABLY WHERE THERE ARE WAY MORE UNDECIDEDS THAN ANY OTHER BECAUSE THERE HASN'T BEEN SPENDING THERE UNTIL THE LAST COUPLE WEEKS. MICHIGAN IS THE MOST INTERESTING RACE. BOTH HAVE TAKEN IT OFF THE AIR IN GEORGIA AND NORTH CAROLINA SEATING THOSE TO THE DEMOCRATS. BOTH PUT THAT MONEY AND THREE INTERESTING PLACES, THE BIGGEST PLACE WHERE ALL THE MONEY IS GOING IS MICHIGAN AND THEN SOUTH CAROLINA AND KANSAS. THE THREE OF US HAS BEEN TALKING ABOUT SENATE RACES FOR A YEAR. NONE OF US WOULD BE TALKING ABOUT SOUTH CAROLINA AND KANSAS WITH TWO WEEKS LEFT WE THOUGHT. KAILEY: WHAT WE THINK ABOUT SOUTH CAROLINA SPECIFICALLY IT IS NOW THE INCUMBENT REPUBLICAN SENATOR DARLINE GRAHAM, THE SISTER OF THE LATE LINDSEY GRAHAM WHO WAS APPOINTED TO FILL IN THE SEAT ON A TEMPORARY BASIS AND I WAS RUNNING IN HIS STEAD, HOW COMPLICATED MY TRUMP'S VISIT BE KNOWING HE WAVED SANCTIONS ON RUSSIA AGAINST THE WISHES OF HER LATE BROTHER IN THE BILL THAT WAS PASSED THAT LITERALLY HAS HIS NAME ON IT. REPRESENTED BY ONE OF THE BIGGEST TALKS FOR SOME TIME. JIM: IF I'M DARLINE GRAHAM'S CAMPAIGN MANAGER AT PUT MY HEAD IN MY HANDS AND SAY, PLEASE DON'T COME HERE. THE PRESIDENT IS GOING TO THE SAFE CONGRESSIONAL RACES WHICH ON ONE HAND IS OK BUT ON THE OTHER HAND THE SAFE CONGRESSIONAL RACES ALSO HAVE SENATE RACES IN THEM AND TO YOUR EXACT POINT IF YOU ARE SITTING HERE IN A VERY CLOSE RACE, SHE HAD A REALLY TOUGH DEBATE, SHE DOESN'T WANT TO ANSWER QUESTIONS ABOUT WHY DONALD TRUMP IS GOING AGAINST EVERYTHING HER BROTHER PREACHED FOR HIS ENTIRE 25 YEAR SENATE CAREER. LINDSEY GRAHAM WAS THE BIGGEST RUSSIAN HAWK IN THE UNITED STATES SENATE AND DONALD TRUMP IS DOING EXACTLY WHAT HE CAMPAIGNED HIS ENTIRE CAREER NOT TO DO. IF YOU ARE DARLINE GRAHAM, YOU REALLY JUST WANT THIS ENTIRE THING TO GO AWAY AND HAVING THE PRESIDENT IN YOUR STATE WITH 13 DAYS IS NOT HELPFUL. JOE: JUST A MINUTE LEFT, I WANT TO ASK YOU ABOUT WHAT IS GOING TO HAPPEN IN FOUR DAYS. BARACK OBAMA AND ABDUL EL-SAYED IN DETROIT AND THEY WILL SHARE A STAGE AND WE KNOW THE FORMER PRESIDENT HAS ALREADY MADE SOME ADS FOR HIM. IN A WORLD WHERE PRESIDENT TRUMP REFERS TO THE DEMOCRATIC NOMINEE IN MICHIGAN AS A TERRORIST SYMPATHIZER AND JIHADIST, WHAT LESSON CAN HE LEARN FROM BARACK OBAMA? JIM: THAT BRINGING YOUR BODY TOGETHER AND UNDERSTANDING IT IS A BIG TENT AND YOUR PERSONAL APPROVAL RATING, BARACK OBAMA IS THE MOST POPULAR POLITICAL FIGURE IN AMERICA, IS HELPFUL TO CANDIDATES AND AWAY THE PRESIDENT ISN'T. CHARLIE COOK SAID PRESIDENT TRUMP HAS TURNED INTO RADIOACTIVE ON THE CAMPAIGN TRAIL MEANWHILE I GET CALLS EVERY SINGLE DAY FROM CAMPAIGNS BEGGING TO HAVE BARACK OBAMA. JOE: I LOVE THAT, THAT IS GOING TO BE SOMETHING TO WATCH. JIM, GREAT TO SEE YOU. I HOPE YOU'RE KEEPING THE INSIDE AGAIN CHECK. WE WOULD LOVE TO TALK TO YOU AGAIN BEFORE EVERYONE GOES TO VOTE. FORMERLY BARACK OBAMA'S CAMPAIGN MANAGER IN 2012. GLAD YOU ARE WITH US. WE WILL HAVE OUR PANEL NEXT WITH TWO WEEKS LEFT ON CHARLIE: 1:20 10 ON WALL STREET THE DOW, THE S&P, NASDAQ ALL PUSHING HIGHER. S&P HIGHER. ERASING AN EARLY LOSS. THE DOW UP. NASDAQ UP, THE NASDAQ 100 INDEX UP. THE RUSSELL 2000 SHARES HIGHER. ALL OF THIS WITH THE PHILADELPHIA SEMICONDUCTOR INDEX UP. THE 30 YEAR, 5.43%. GOLD DOWN. WEST TEXAS INTERMEDIATE CRUDE UP. BRENT DOWN BY ABOUT 0.7%. DEALNEWS ON A TUESDAY. HEY I PLATFORM FOR MARKETERS. PRICE TAG ALMOST $5.7 BILLION. THAT REPRESENTS A 58% PREMIUM OVER THE CLOSING STOCK PRICE YESTERDAY. UP BY 51.5%. COMING UP, BLOOMBERG PRESENTS A SPECIAL EDITION OF BLOOMBERG MARKETS. A CONVERSATION WITH KEN GRIFFIN. DANI BURGER SITS DOWN WITH KEN GRIFFIN. TO CLOSE OUT THE ANNUAL CITADEL SECURITIES FUTURE CONFERENCE. THAT IS THE BLOOMBERG BUSINESS FLASH. KAILEY: CHARLIE PELLETT WATCHING THE MARKETS THIS TUESDAY. THANK YOU SO MUCH, THIS BEING THE SECOND TO LAST TUESDAY OF THIS ELECTION CYCLE. TWO WEEKS FROM TODAY IS ELECTION DAY AND WITH EVERY DAY WE GET CLOSER TO THAT DAY IT SEEMS LIKE WE HAVE NEW RATINGS CHANGES TO TELL YOU ABOUT FROM SOME OF THE KEY NONPARTISAN POLITICAL WATCHERS. WE HAVE THE UNIVERSITY OF VIRGINIA MOVING 28 HOUSE RACES IN THE DIRECTION OF DEMOCRATS. MOST RATING CHANGES ARE MOVING IN THE DIRECTION OF DEMOCRATS AT THIS POINT. COOK MOVING BOTH SOUTH CAROLINA AND MISSISSIPPI MORE AWAY FROM REPUBLICANS. INTERESTING THOUGH, MINNESOTA IS A DIFFERENT STORY. COOK AND CRISTOBAL HAVE MOVE THOSE AWAY FROM DEMOCRATS IN JUST THE LAST WEEK. THE COOK POLITICAL REPORT SAYING IT GOES FROM LIKELY DEMOCRAT TO LEAN DEMOCRAT, MAKES YOU WONDER WHAT IS GOING ON THERE. PEGGY FLANAGAN, SHELTER FOR YOU. JOE: LIEUTENANT GOVERNOR PEGGY FLANAGAN HAS BEEN PULLING PRETTY WELL SO I THINK A LOT OF DEMOCRATS THOUGHT THIS MIGHT BE IN THE BAG. MINNESOTA HAS NOT ELECTED A REPUBLICAN SINCE NORM COLEMAN INTO THOUSAND TWO. THIS IS AL FRANKEN'S ALLSTATE. THIS IS A SEEPING VACATED BY TINA SMITH. WHEN YOU LOOK AT WHAT WAS WRITTEN BY COOK, WE ARE SKEPTICAL, THEY WRITE, OF SOME PUBLIC POLLING THAT HAS SHOWN THE RACE CLOSE. FLANAGAN IS ONLY NOW JUST STARTED SPENDING AFTER BRUTAL DEMOCRATIC PRIMARY. INTERESTING, THEY SUGGEST THAT VOTER ANGER OVER THE STATE'S WIDESPREAD FRAUD SCANDAL WILL STICK TO FLANAGAN AND OVERWRITE CONCERNS ABOUT ICE ENFORCEMENT THAT HAS BEEN SO IMPORTANT. LET'S SEE WHAT OUR POLITICAL PANEL THINKS. JEANNIE SHE UNSAY NO IS WITH US. ALONGSIDE REPUBLICAN STRATEGIST ROSEMARY BECCHI WHO IS A PARTNER AT BROWNSTEIN HYATT AND PRESIDENT OF JERSEY FIRST. GREAT TO SEE BOTH OF YOU WITH US HERE. ROSEMARY, ARE YOU HOLDING OUT HOPE FOR MINNESOTA AND DO YOU FEEL THE SAME WAY? ARE YOU SKEPTICAL OF THE PUBLIC POLLING? ROSEMARY: YOU KNOW, IT IS DEFINITELY A LONG SHOT, BUT MICHELLE HAS BEEN OUT THERE WORKING HARD YOU NEVER KNOW. IT IS DEFINITELY A LONG SHOT. YOU KNOW, THERE ARE A LOT OF ISSUES ON THE MINDS OF AMERICANS AND AS WE ARE SEEING IT IS BOILING DOWN TO AFFORDABILITY CONCERNS ABOUT THE WAR AND SO A LOT CAN HAPPEN IN THE NEXT TWO WEEKS AS AMERICANS ARE SHOWING UP TO VOTE IN EARLY VOTING, MAIL-IN BALLOTS, AND WHAT THEY ULTIMATELY, HOW THEY ULTIMATELY ACTUALLY FEEL ON ELECTION DAY. SO WE WILL SEE HOW THIS TURNS OUT. BUT IT SEEMS LIKE ANYTHING GOES RIGHT NOW. KAILEY: ARE YOU FINDING YOURSELF A LITTLE BIT MORE WORRIED ABOUT MINNESOTA? JEANNE: ABSOLUTELY. I THINK WE ALL HAVE TO BE. I WONDER IF THIS IS WHY WHEN THE PRESIDENT AND VICE PRESIDENT I THINK THEY EXPECT TO COME OUT IN A FEW MINUTES AND PERHAPS TALK ABOUT A NEW TIP LINE FOR FRAUD, MINNESOTA MAY BE TOP OF MIND. JD VANCE HAS BEEN TASKED WITH RUNNING THIS TASK FORCE AND OF COURSE THE KIND OF FRAUD WE ARE TALKING ABOUT IN MINNESOTA THAT HAS ANGERED SO MANY PEOPLE IN THAT STATE, THAT MAY BE TOP OF MIND WHEN THEY COME OUT BECAUSE AS MUCH AS WE THINK ABOUT IN THE MODERN ERA THESE RACES BEING NATIONALIZED THERE ARE ALSO LOCAL AND STATE ISSUES AT PLAY AND THE PEOPLE OF MINNESOTA ARE RIGHTLY ANGERED BY WHAT HAS HAPPENED THERE. THE PRESIDENT AND VICE PRESIDENT KNOW THAT AND THAT IS WHAT IS HURTING THE LIEUTENANT GOVERNOR POTENTIALLY IF THE POLLS ARE TO BE BELIEVED IN THE RACE. ON THE FLIPSIDE, MICHELLE TO FOIA IS A KNOWN ENTITY, SHE HAS BEEN ON PEOPLE'S TEEPEES FOR YEARS, SHE IS SOMEBODY THEY TRUST AND SHE IS AN ATTRACTIVE CANDIDATE SO DEMOCRATS SHOULD BE VERY CONCERNED. IT IS AN ODD YEAR WHEN MINNESOTA MAKO REPUBLICAN AND TEXAS MAKO DEMOCRATIC, BUT HERE WE ARE. [LAUGHTER] JOE: WE ARE THROWING THIS WHOLE THING UP IN THE AIR. THERE WAS AN INTERESTING MOMENT WHEN THESE TWO AT THE DEBATE FRIDAY EVENING, THE ISSUE OF IMPEACHING PETE HEGSETH CAME UP. PEGGY FLANAGAN SUPPORTED THE IDEA OF IMPEACHMENT AND BY THE WAY THIS MIGHT ALREADY BE HAPPENING BECAUSE OF THE LEGISLATION WAITING ON THE FLOOR THAT THOMAS MASSIE PUT FORTH. THE CLOCK WILL BE TAKING ON A VOTE THAT WILL LIKELY LEAD TO AN IMPEACHMENT VOTE HERE. FLANAGAN SUPPORTED THE IDEA. MICHELLE TO FOIA GAVE THE SECRETARY A GRADE OF INCOMPLETE. IS THAT ENOUGH WHEN REPUBLICANS ARE TRYING TO FIND SOME SUNLIGHT BETWEEN THEMSELVES AND DONALD TRUMP? ROSEMARY: TO BE DETERMINED. I THINK IT IS SO IMPORTANT TO TALK ABOUT THE ISSUES AND I THINK WHEN YOU SEE THINGS LIKE THAT, IT IS PRETTY DIFFICULT. I KNOW CERTAINLY MOST AMERICANS STRUGGLE WITH SOME OF THE DECISIONS THAT HAVE RECENTLY BEEN MADE BY THE SECRETARY. AND SO IT IS IMPORTANT FOR HER TO REALLY GET OUT THERE AND KIND OF STAND HER GROUND ON WHERE SHE IS WITH REGARD TO ANY KIND OF IMPEACHMENT AND ANYTHING LIKE THAT I THINK SHE NEEDS TO TURN THE CORNER AND TALK ABOUT REALLY THE ISSUES THAT VOTERS ARE MOST CONCERNED ABOUT. KAILEY: WELL, SPEAKING OF RESOURCES, I WANT TO TALK ABOUT ANOTHER RACE THAT WAS CHANGED BY MISSISSIPPI GOING FROM SAFE TO LIKELY REPUBLICAN. THE SENATE MAJORITY, WHICH IS THE CHUCK SCHUMER AFFILIATED GROUP, IS UP IN THE AIR WITH A 1.2 MILLION DOLLAR AD CAMPAIGN IN SUPPORT OF SCOTT WHO OF COURSE IS CHALLENGING THE INCUMBENT REPUBLICAN, CINDY HYDE-SMITH. ARE DEMOCRATS TOO LITTLE, TOO LATE IN TRYING TO THROW MONEY AT THIS? COULD THEY BE LEAVING A SEAT AT THE TABLE COURTNEY: POTENTIALLY? THE INVESTMENT -- TABLE POTENTIALLY? COURTNEY: IS THE RIGHT THING TO DO. IT'S ABSOLUTELY TRUE. IN MY HEAD, MISSISSIPPI POTENTIALLY GOING DEMOCRATIC AND IS JUST ASTONISHING WHERE WE ARE BUT I THINK, YOU KNOW, IN THIS CASE, YOU HAVE AN INCUMBENT AND THE DEMOCRATS ARE ABLE TO TRY TO TIE HER TO A VERY UNPOPULAR WASHINGTON, D.C. AND VERY UNPOPULAR PRESIDENT AND OF COURSE YOU HAVE A DEMOCRAT WHO IS A LAW AND ORDER GUY, A DISTRICT ATTORNEY SO THIS IS A RACE WHERE DEMOCRATS SHOULD BE INVESTING IN THE AND PROMISING TALENT AND THEY ARE BUT IF YOU LOOK AT BOTH OF THESE RACES, YOU SOMETHING IN COMMON WHICH IS THIS IS A DIFFICULT ENVIRONMENT FOR INCUMBENTS AND SO FOR FLANAGAN, SHE IS SORT OF REPRESENTING THE GOVERNMENT OF THE STATE IN MINNESOTA, THE DEMOCRATS, AND THEY ARE UNPOPULAR AT THIS POINT AND LIKEWISE AS YOU LOOK AT MISSISSIPPI, YOU HAVE GOT AN INCUMBENT THERE. THIS IS ALL ABOUT TRYING TO TAKE IT TO INCUMBENTS AND SAY WASHINGTON OR THE STATE CAPITAL IS CORRUPT. WE NEED CHANGE AND THAT IS MAKING VOTERS GET OUT TO VOTE. JOE: THERE IS AN INCUMBENT WHO IS NOT ON THE BALLOT BUT HE WOULD LIKE YOU TO PRETEND HE IS, NAMED DONALD TRUMP. THIS ANALYSIS BY THE NEW YORK TIMES ON WHAT IS ACTUALLY IN THE ADS OR WHAT IS NOT IN THE ADS THAT REPUBLICANS ARE BUYING IS FASCINATING. YOU HEAR THE PRESIDENT SAY PRETEND I AM ON THE BALLOT. THE FACT OF THE MATTER IS ON THE AIR, LESS THAN ONE DOLLAR OF EVERY HUNDRED DOLLARS AND REPUBLICAN TELEVISION AD SPENDING, HOUSE AND SENATE FOR THE MONTH OF SEPTEMBER THROUGH THE MIDDLE OF OCTOBER HAS GONE TOWARD COMMERCIALS THAT MENTION THE WORD TRUMP. ONE DOLLAR. ISN'T THAT ALL YOU NEED TO KNOW? >> YES. I MEAN, I DON'T THINK ANYBODY SHOULD BE SURPRISED BY THAT. I MEAN, ALL OF THE POLLING THAT WE HAVE TALKED ABOUT IN THE LAST HOUR CLEARLY SHOWS THAT THE PRESIDENT IS UNPOPULAR RIGHT NOW AND AS YOU NEED JUST MENTIONED, WE ARE VERY MUCH IN A STATE OF THROW THE BONES OUT. PEOPLE ARE VERY DISSATISFIED WITH WASHINGTON. IT IS NOT SURPRISING AT ALL THAT NO MONEY IS BEING SPENT ON ADS THAT GLORIFY OR EMPHASIZE, YOU KNOW, CONGRESS AND THE PRESIDENT. >> I WANT TO KNOW WHAT THE SUBSEQUENT NUMBER IS HER DEMOCRATIC CAMPAIGN AS THAT MENTION TRUMP ACROSS HOUSE AND SENATE. I WOULD IMAGINE THAT THE NUMBER OF DEMOCRATIC AS THAT MENTION TRUMP AND WHATEVER THEIR REPUBLICAN OPPONENT IS IN THE SAME AD IS PROBABLY SIGNIFICANTLY HIGHER. >> IS ABOUT 145 MILLION DOLLARS IF I HAVE THAT NUMBER RIGHT. THE DEMOCRATS HAVE BEEN SAYING FOR MONTHS THAT THEY AGREE WITH DONALD TRUMP ON ONE THING. THE MORE TRUMP ON THE AIR, THE MORE TRUMP ON THAT CAMPAIGN TRAIL, THE BETTER FOR THEM AND YOU KNOW IT'S BAD WHEN YOU LOOK AT JOHN SUNUNU, THE REPUBLICAN CANDIDATE IN NEW HAMPSHIRE HAS AN AD OUT WHERE HE HAS FACED THE CAMERA AND HE'S COMPLETELY DISTANCING HIMSELF FROM DONALD TRUMP BECAUSE WHILE THEY ARE VERY POPULAR, DONALD TRUMP IS NOT AND HE IS PLEADING WITH VOTERS IN NEW HAMPSHIRE TO UNDERSTAND THAT HE IS THE INDEPENDENT VOICE THAT NEW HAMPSHIRE WRITES LIKE. HE'S NOT A DONALD TRUMP SORT OF GUY EVEN THOUGH DONALD TRUMP ENDORSED HIM. WE ARE SEEING THIS UP AND DOWN THE BALLOT. YOU SEE DAN SULLIVAN. I MEAN, HE OPENLY HAS AN AD OUT WHICH SAYS HE TOOK EXCEPTION TO DONALD TRUMP AS IT PERTAINED TO THE RELEASE OF THE EPSTEIN FILES SO AS MUCH DISTANCE AS THEY CAN GET, THEY ARE GOING FORWARD. WE LOVE TRUMP. MORE TRUMP. LET'S GET THEM OUT THERE AND SHOW PEOPLE WHAT THEY ARE IN STORE FOR AS THEY VOTE REPUBLICAN. PLUS THE NEW YORK TIMES DOES IN FACT HAVE THOSE FIGURES. $20 OUT OF EVERY $100 ON SPOTS MENTIONING MR. TRUMP DURING THAT SAME PERIOD BY THE DEMOCRATS. OUR POLITICAL PANEL ON THIS TUESDAY, TWO WEEKS OUT FROM ELECTION DAY. THANK YOU SO MUCH FOR JOINING US. WE WILL TURN TO THE ISSUE OF UKRAINE AHEAD AFTER TALKS IN NORWAY BETWEEN ZELENSKYY AND STEVE WITKOFF. THE DIPLOMAT WILL BE WITH US IN STUDIO, UP NEXT. >> IT IS 1:40 ON WALL STREET. WE CHECKED MARKETS ALL DAY LONG AT BLOOMBERG WITH THE DOW, THE S&P, THE NEST AT ALL ADVANCING. STILL LOOKING AT A GAIN OF 31 POINTS ON THE S&P, UP BY .4%. S&P DID ERASE ITS EARLY SESSION LOSSES. BIG BANKS, HEALTH CARE COMPANIES LEADING THE WAY HIGHER AND DOW INDUSTRIALS UP 533 ON THE DOW AND THAT IS A GAIN OF ONE FULL PERCENTAGE POINT. NASDAQ UP BY POINT 2%. NOT THAT 100 UP 5.1%. CERTAINLY THE OUTPERFORMER, SMALL CAPS SHARES. WE HAVE THE RUSSELL 2000 INDEX ADVANCING BY ONE POINT 7%. DESPITE ALL THE GREEN, THE BLOOMBERG MAG SEVEN INDEX LOWER BY .3%. THE PHILADELPHIA STOCK EXCHANGE'S SEMICONDUCTOR INDEX A LITTLE CHANGED, UP .2%. YOUR TWO YEAR, THE 10 YEAR -- 5.11% AND THE 30 YEAR, 5.42%. SPOT GOLD DOWN $19, THE ALLEN'S. WEST TEXAS INTERMEDIATE CRUDE DOWN .5%. A BARREL OF BRENT DOWN .708. PENDING SALES OF EXISTING U.S. HOMES FELL TO A RECORD LOW IN SEPTEMBER. HIGH MORTGAGE RATES CONTINUE TO WEIGH ON DEMAND. A NEW U.S. RESIDENTIAL CONSTRUCTION DECLINED IN SEPTEMBER TO A FOUR-MONTH LOW. BUILDING PERMITS FOR SINGLE-FAMILY HOMES SLID ACCORDING TO GOVERNMENT DATA. S&P UP 32, .4 PERCENT. THAT IS A BLOOMBERG BUSINESS FLASH. JOE: THANK YOU SO MUCH. CHARLIE, WE WILL BE BACK AT THE TOP OF THE HOUR WITH ANOTHER READ ON THE MARKETS AS WE KICK OFF BLOOMBERG BUSINESSWEEK DAILY. THERE ARE A LOT OF QUESTIONS ABOUT WHAT HAPPENS TO THE STOCK MARKET IN THE NEXT TWO WEEKS. IT IS TWO WEEKS AWAY TO THE MIDTERM ELECTIONS. WE HAVE BEEN COUNTING DOWN WITH REGARD TO POLITICAL CAMPAIGNS BUT A LOT OF FOLKS ON WALL STREET ARE COUNTING DOWN TO WHAT THE RESULT WILL BE AND WHAT IS GOING TO MEAN FOR INVESTMENTS WHICH IS WHY WE HAVE HAD A NUMBER OF ANALYSTS TELLING US WE COULD BE GRINDING OUR WAY INTO NOVEMBER 3 WITHOUT A LOT OF VISIBILITY UNTIL WE GET THROUGH THAT AND FINDING OURSELVES RIGHT IN THE MIDDLE OF EARNINGS REPORTING SEASON MAKES THAT EVEN MORE FRAUGHT WITH RISK. THE MOOD IS PRETTY GOOD BUT THERE IS A LOT OF UNCERTAINTY FOR TRADERS AHEAD. KAILEY: DIRECTIONALLY, A LOT COULD BE DRIVEN BY THE EARNINGS RESULTS WE ARE GOING TO GET OVER THE NEXT COUPLE OF DAYS. YOU GOT SOME BIG NAMES ARE REPORTING TONIGHT. SO LET'S GET INTO THAT NOW AS WE TURN TO KRISTINE AQUINO WHO HELPS LEAD OUR MARKETS LIVE TEAM, BLOOMBERG MANAGING EDITOR FOR THE MARKETS LIVE BLOG. WHEN WE THINK ABOUT SPACEX IN PARTICULAR WHICH OBVIOUSLY IS TIED TO THE AI TRADE GIVEN THE VOLATILITY WE HAVE SEEN AND SOME OF THE KEY COMPONENTS OF THE AI TRADE WITH THE INDEX OBVIOUSLY JUST COMING OFF OF ITS WORST LOSING STREAK SINCE 2008, HOW MUCH COULD THESE RESULTS OF A SINGLE COMPANY OR OTHER HYPERSCALER LIKE THAT WE WILL GET IN THE DAYS TO COME ACTUALLY TAKE WIDE SWATHS OF THE REST OF THE TECHNOLOGY SPACE WITH IT? KRISTINE: BY SIZE, IT IS NOT NECESSARILY A BIG MOVER IN THAT WAY BUT IT'S DEFINITELY GOING TO BE A BIG MOVER WHEN IT COMES TO SENTIMENT, RIGHT? SPACEX, OF COURSE, A LOT OF HYPE OVER ITS IPO NOT TOO LONG AGO BUT STILL TRADING ABOUT 9% ABOVE THAT IPO PRICE BUT YOU KNOW, A LOT OF FOCUS IS GOING TO BE ON HOW MUCH THE COMPANY IS SPENDING ON AI AND THAT'S A QUESTION INVESTORS ARE ASKING A LOT -- OF A LOT OF THESE BIG TECHNOLOGY COMPANIES AND WHAT IS THE EXPECTED KIND OF RETURN FROM THE INVESTMENT THAT THEY ARE MAKING? ONE THING I WOULD SAY ABOUT SPACEX, NEVER UNDERESTIMATE ELON MUSK'S ABILITY TO GENERATE HYPE FOR THE COMPANIES HE IS INVOLVED IN. THIS IS VERY MUCH A BET ON ELON MUSK'S PERSONALITY AND HIS ABILITY TO KIND OF GENERATE EXCITEMENT FOR THE THINGS THAT HE IS INVOLVED IN SO THAT COUNTS FOR A LOT. CERTAINLY, THE COMPANY AND HE WILL HAVE A LOT OF QUESTIONS TO ANSWER FOR US ESPECIALLY WHEN IT COMES TO AI SPENDING AT THIS PARTICULAR JUNCTURE. JOE: HOW DO WE QUANTIFY ALL OF THE ROTATION WE HAVE SEEN BENEATH THE SURFACE OF THE INDEX? THE S&P 500 IS NOT FAR BELOW ITS ALL-TIME HIGH BUT A LOT OF STOCKS INSIDE THE S&P 500 HAVE BROKEN CHARTS TO THE POINT WHERE MICHAEL WILSON AT MORGAN STANLEY HAD A NOTE YESTERDAY SAYING PREPARED TO ADD RISK. THE MONTH-LONG PULLBACK IS JUST ABOUT OVER AND YOU JUST DON'T ALWAYS SEE IT WHEN YOU ARE LOOKING AT THE INDEX LEVEL. ARE WE COMING IN HOT ON THIS EARNINGS REPORTING SEASON OR NOT? KRISTINE: THERE IS CERTAINLY A LOT OF CHURN UNDERNEATH THE INDEX LEVEL AS YOU CORRECTLY MENTIONED. WE CAN SEE THAT AS YOU SAY, WE ARE NOT THAT FAR AWAY FROM RECORD HIGHS BUT WHEN YOU KIND OF LOOK AT THE DIVISION OF THE STOCKS THAT ARE MOVING ON ANY GIVEN DAY, WE HAVE SEEN THIS ON AGAIN OFF AGAIN ROTATION TO AND FROM TECHNOLOGY COMPANIES AND INTO KIND OF THESE OLD ECONOMY STOCKS THAT MAY BE HAVE GOTTEN LEFT TO THE WAYSIDE BUT A LOT OF INVESTORS BECAME MORE EXCITED ABOUT AI AND THEN MAYBE NOW THAT TRADE IS LOSING ITS SHINE AND YOU CAN SEE HOW KIND OF MARKETS ARE EVOLVING WHEN IT COMES TO THE AI TRADE. IT HAS EVOLVED FROM SOMETHING THAT IS KIND OF BEING SEEN AS THIS UNIFORM TRADE THAT EVERYTHING IS GOING TO GO UP FOREVER AND NOW SEEMS LIKE INVESTORS ARE TRYING TO PICK OUT THE WINNERS AND LOSERS. WHERE ARE THE FROTHY OR PARTS OF THE MARKET? WE ARE SEEING THIS KIND OF ROTATION UNDERNEATH THE INDEX LEVEL GAINS. WHAT'S REALLY INTERESTING. THANKS FOR GETTING US READY FOR WHAT IS COMING AFTER. SPACEX DOWN ABOUT A QUARTER OF 1%. NETFLIX DOWN 1%, BACK BELOW $70. YOU BROUGHT UP A GREAT QUESTION A LITTLE BIT EARLIER. ARE WE GOING TO GET QUESTIONS ON THE SPACEX CONFERENCE CALL ABOUT STARLINK, ABOUT UKRAINE? KAILEY: IT SEEMS TO ME AS A JOURNALIST WHO COVERS GEOPOLITICS THAT IT MIGHT BE AN OPPORTUNITY TO QUESTION ELON MUSK ABOUT THAT GIVEN THAT HE HAS WEIGHED IN PUBLICLY ON THIS MATTER, SUGGESTING VOLODYMYR ZELENSKYY HAS GONE TOO FAR ON RUSSIAN ENERGY INFRASTRUCTURE AND ON X, WHICH OF COURSE IS FOLDED IN TO SPACEX IS A WIDER COMPANY, SUGGESTING THAT THIS IS ON THE TRUMP ADMINISTRATION, NOT ON HIS COMPANY SO I DO WONDER HOW MUCH QUESTION THE COMPANY WILL GET ABOUT HOW EXACTLY THAT RELATIONSHIP WORKS WITH WHAT IS GOING ON IN UKRAINE. >> WE WILL FIND OUT TOGETHER IN THAT CALL BUT WE KNOW HOW THE PRESIDENT FEELS ABOUT THIS. WE HEARD FROM MARCO RUBIO IN THE DRIVEWAY OF THE WHITE HOUSE AS HE WAS LEAVING TOWN AND ASKED ABOUT THIS THROTTLING OF STARLINK AND WHETHER THE UNITED STATES IS TURNING AWAY FROM HIS SUPPORT OF UKRAINE AND HERE IS WHAT HE SAID. >> ZELENSKYY DOESN'T KNOW WHAT HE IS TALKING ABOUT. ZELENSKYY IS A MAN WHO SHOULD HAVE HAD THIS WAR SETTLED A LONG TIME AGO. HE WOULD HAVE MADE A MUCH BETTER DEAL A LONG TIME AGO AND HAVE A MILLION PEOPLE FROM HIS SIDE. AND TO BE HONEST, I THINK IT'S TIME FOR SOMEBODY ELSE TO NEGOTIATE ON BEHALF OF UKRAINE. JOE: HAVING ALREADY SAID IT'S TIME FOR UKRAINE TO GET A NEW PRESIDENT. MAURA IS WITH US -- MARA IS WITH US. FORMER U.S. DIPLOMAT. IT HAS BEEN SOME TIME. WELCOME BACK. GOOD TO SEE YOU. NOT THE FIRST TIME WE TALKED ABOUT THE THROWS IN THIS RELATIONSHIP. IS IT OVER? WHERE ARE WE? KRISTINE: IT'S IN PRETTY -- >> IT'S IN PRETTY BAD SHAPE AND A HAS A GROUNDHOG DAY KIND OF FEEL TO IT. WHAT PRESIDENT TRUMP HAS BEEN SAYING IS VERY MUCH A KIN TO HIS HORRIBLE BEHAVIOR IN THE OVAL OFFICE IN THE FIRST ZELENSKYY MEETING AND ALSO SADLY I THINK PRESIDENT ZELENSKYY'S ABILITY TO KIND OF RAIN HIMSELF BACK AND NOT TAKE THE BAIT FROM PRESIDENT TRUMP, WE ARE ALSO SEEING THE CHALLENGES WITH THAT. I THINK IT IS QUITE INTERESTING IN THE MEETING THAT IS HAPPENING WITH STEVE WITKOFF WHERE JARED KUSHNER IS -- THAT ZELENSKYY DOES HAVE THE LEADERS OF FINLAND AND NORWAY IN THE ROOM WITH HIM. I THINK THAT IS IMPORTANT AND ALSO TELLING. KAILEY: HOW ENCOURAGING IS IT THAT THE U.S. IS ENGAGING WITH ZELENSKYY DESPITE THE WORDS OF THE PRESIDENT AND BEFORE WITKOFF GOES TO ST. PETERSBURG TOMORROW? MARA: I AM NOT SURE I FEEL ENCOURAGED BY IT. IT IS A THIN READ. AGAIN, IT IS TELLING THAT WITKOFF IS THERE IN PERSON AND AS I UNDERSTAND IT, JARED KUSHNER IS NOT. HE'S GOING TO BE VIRTUALLY PART OF THE MEETING AND YET IN THE MEETING WITH PUTIN, BOTH WITKOFF AND KUSHNER WILL BE THERE IN PERSON SO MY GREATEST HOPE FOR THE MEETING WITH ZELENSKYY NOT BEING A TOTAL DEBACLE OR FURTHER DEBACLE FOR THE UNITED STATES IS THE FACT THAT FINLAND AND NORWAY ARE THERE AND IT IS COLD COMFORT TO HAVE TO RELY ON LEADERS TO BETTER PROTECT THE INTERESTS OF YOUR COUNTRY. JOE: PARTICULARLY THIS IDEA THAT VLADIMIR PUTIN FLOATED IN THE PRESIDENT SUGGESTED MAYBE WE WILL DO IT RIGHT IN CHINA. REMARKS FROM THE ADMINISTRATION, THE PRESIDENT AND SECRETARY OF STATE, MARCO RUBIO, AND THIS IDEA OF HAVING PEACE TALKS BETWEEN PUTIN, XI, AND TRUMP WITHOUT UKRAINE AT THE TABLE. PRES. TRUMP: WE WOULD SCHEDULE THE MEETING BASED ON DENUCLEARIZATION AND THAT IS A VERY POSITIVE THING FOR THE WORLD. I WOULD DO IT IF THEY WANT TO HAVE -- I JUST HEARD ABOUT IT. I WOULD LIKE TO HAVE IT. >> I DON'T THINK IT'S UNUSUAL FOR THE THREE MOST POWERFUL NUCLEAR ARMED NATIONS ON EARTH FOR LEADERS TO COMMUNICATE WITH ONE ANOTHER. IT MAKES ALL THE SENSE IN THE WORLD. YOU HAVE TO BE ABLE TO SPEAK TO THE OTHER SIDE. JOE: NO ONE THINKS THIS IS REALLY GOING TO HAPPEN. DO YOU? MARA: IT'S UNCLEAR. SO AMONG THE CHALLENGES WE HAVE IN THE UNITED STATES IN PRESERVING U.S. INTERESTS, SECURITY AND OTHERWISE, IS THAT PRESIDENT TRUMP PRESIDENCY XI AND PUTIN -- DOESN'T SEE XI AND PUTIN. THEY ARE PART OF THE CLIP EITHER FANCIES HIMSELF PART OF OR WANTS TO BE PART OF. KAILEY: HE ALSO SUGGESTED THAT HE DOESN'T THINK RUSSIA OR CHINA IS HELPING IRAN AND THE OTHER CONFLICT WHICH OF COURSE COURSE IS DOMINATING A LOT OF ATTENTION AND FOCUS. IS THERE ANY REASON TO BELIEVE THAT THOSE ADVERSARIES ARE NOT HELPING ANOTHER ADVERSARY? MARA: NO, I THINK FACTS ARE INCONVENIENCES FOR PRESIDENT TRUMP TOO OFTEN AND THIS WOULD BE ONE OF THOSE CASES. JOE: PRETTY INTERESTING AND SCARY REPORTING ABOUT IRAN THIS MORNING. SEIZING ON THE MOMENT, THE WASHINGTON POST SPEAKING WITH OFFICIALS. THE NEXT TWO WEEKS COULD BE HARROWING BECAUSE THEY ARE WELL AWARE OF THE LEVERAGE THAT EXISTS AROUND THE MIDTERMS. WHETHER DONALD TRUMP SEES IT THAT WAY, INCREASING ATTACKS AGAINST BRUSSELS AND WHO KNOWS WHAT. COULD THIS BE THE OCTOBER SURPRISE IN THIS CAMPAIGN? MARA: I AM NOT SURE. IT'S A ROUGH TWO WEEKS ALL AROUND. FRANKLY, ALL AROUND THE WORLD. RUSSIA, CHINA, IRAN, LOOKING TO MAXIMIZE THE OPPORTUNITIES THEY HAVE WHEN DEMOCRACIES ARE GOING THROUGH DIFFICULT CHALLENGES AND OR GOING THROUGH THE ELECTIONS AND PRESIDENT TRUMP, FOR REASONS THAT ARE NOT CLEAR TO ME OTHER THAN DOMESTIC POLITICAL CONSUMPTION, HAS TELEGRAPHED VERY CLEARLY THAT HE WOULDN'T TAKE FURTHER ACTIONS WITH RESPECT TO IRAN UNTIL AFTER THE ELECTIONS AND MEANWHILE, WE HAVE ISRAEL'S ELECTIONS ON OCTOBER 27 AS WELL SO A LOT OF STUFF CHURNING THAT MAKES REASON FOR CONCERN ABOUT INSTABILITY OVER THE NEXT COUPLE WEEKS. KAILEY: THE PRESIDENT OVER THE WEEKEND DECIDED TO ENDORSE BENJAMIN NETANYAHU. WHAT DO YOU MAKE OF THAT AND DO YOU EXPECT THAT CARRIES MUCH WEIGHT IN ISRAEL? MARA: THE REPORTING OUT OF ISRAEL IS IS -- IS THAT IT IS UNLIKELY TO CARRY A LOT OF WEIGHT. PRESIDENT TRUMP IS NOT AS POPULAR AS HE WAS BUT IT'S GOING TO BE A CLOSE ELECTION SO ANYTHING AT THE MARGINS. FIRST THING I MADE OF IT IS HARKENING BACK TO MY TIME AS CHIEF COUNSEL OF THE HOUSE FOREIGN AFFAIRS COMMITTEE. THERE IS A LAW IN THE UNITED STATES UNDER THE FOREIGN ASSISTANCE ACT THAT SAYS THE UNITED STATES IS PROHIBITED FROM CERTAINLY GIVING ASSISTANCE TO EITHER SIDE IN ANY ELECTION ANYWHERE OUTSIDE OF THE UNITED STATES OF THE PRESIDENT ENDORSING A CANDIDATE SEEMS TO BE QUESTIONABLE IN LIGHT OF THAT LAW. KAILEY: JD VANCE WENT TO CAMPAIGN WITH VIKTOR ORBAN IN HUNGARY AHEAD OF THAT ELECTION. JOE: YOU CAN ASK HIM ABOUT IT AT THAT POINT. IF HE IS NOT NECESSARILY HELPING BENJAMIN NETANYAHU, DID PRESIDENT HURT HIMSELF DOMESTICALLY IN A WORLD LIKE THIS IN MICHIGAN WHERE SUPPORT FOR ISRAEL HAS BEEN SO CONTROVERSIAL. MARA: IT'S AN INTERESTING QUESTION. THE UNITED STATES WRIT LARGE, BOTH PARTIES ARE HAVING CHALLENGES WITH RESPECT TO SUPPORT FOR ISRAEL AND FOR U.S. ASSISTANCE TO ISRAEL. I THEY -- LAY MUCH OF THAT AT THE DOORSTEP. THAT SAID, THERE ALSO A SIGNIFICANT GENERATIONAL DIVIDE IN BOTH PARTIES SO YOU SAW IT IN THE REPUBLICAN PARTY IN THE SENSE THAT JD VANCE HAD THE OPPORTUNITY TO SECOND THE PRESIDENT'S ENDORSEMENT OF PRIME MINISTER NETANYAHU AND CHOSE NOT TO DO THAT. KAILEY: WE HAVE A MINUTE DEPENDING ON THE OUTCOME OF THE ISRAELI ELECTION, DO YOU SEE A RESOLUTION TO THE CRISIS IN GAZA AND THE QUESTION OF A TWO STATE SOLUTION AS BEING SHIFTED IN ONE DIRECTION OR THE OTHER? MARA: I THINK IT IS A TOUGH AND LONG CALL FOR GOSSETT AND FRANKLY ALSO FOR WHAT ARE THE ONGOING THREATS TO ISRAELI SECURITY AS A RESULT OF PRIME MINISTER NETANYAHU'S LEADERSHIP. THAT WILL BE REGARDLESS OF WHO WINDS BUT I THINK IT'S IMPOSSIBLE TO IMAGINE AN AVENUE THAT PAVES THE WAY FOR TWO STATES AND FOR ISRAEL'S ONGOING SECURITY AND FOR AN IMPROVED RELATIONSHIP FOR THE REST OF THE WORLD. ROCKSALT GOOD TO HAVE YOU BACK. FORMER DIPLOMAT NOW PROFESSOR AT THE MILLER CENTER AT THE UNIVERSITY OF VIRGINIA AND THAT DOES A FAIR BALANCE OF POWER TODAY. IT IS A SPECIAL ADDITION AS DANI BURGER SITS DOWN WITH THE CEO OF CITADEL, KEN GRIFFIN. MAKE SURE TO STAY TUNED. WE WILL SEE YOU TOMORROW ON BLOOMBERG TV AND RADIO. ♪