Trump: Putin To Release Diesel Into Global Market

>> THIS IS "BALANCE OF POWER," LIVE FROM WASHINGTON, D.C. JOE: TONIGHT, OPEN THE TAP. PRESIDENT TRUMP SAYS RUSSIA HAS AGREED TO RELEASE DIESEL SUPPLIES INTO THE GLOBAL MARKET. BUT HOW MUCH RELIEF COULD IT BRING STATE SCHNEID CHRIS KENNEDY JOINS US WITH THE LATEST. PLUS, HURRICANE ISAISA IS BARRELING TOWARD THE GULF COAST AS A CATEGORY 3 STORM. OIL PRODUCERS ARE ALREADY SHUTTING DOWN OPERATIONS ACROSS THE GULF. FLORIDA CONGRESSWOMAN DEBBIE WASSERMAN SCHULTZ JOINS US SHORTLY AND THERE’S NO PLACE LIKE A BATTLEGROUND. DEMOCRATS POURING ANOTHER $5 MILLION INTO THE SENATE RACE IN KANSAS. A STATE THAT HASN’T ELECTED A DEMOCRAT INTO THE SENATE IN DECADES. WITH LESS THAN FOUR WEEKS TO THE MIDTERMS. FROM BLOOMBERG’S WASHINGTON, D.C. STUDIOS TO OUR TV AND RADIO AUDIENCES WORLDWIDE. WELCOME TO "BALANCE OF POWER." I’M JOE MATHIEU ALONGSIDE KAILEY LEINZ. KAILEY: WE BEGIN WITH PRESIDENT TRUMP’S REMARKABLE MOVE TO BRING DOWN DIESEL PRICES, TURNING TO VLADIMIR PUTIN AND RUSSIA FOR HELP. HE SAID RUSSIA WILL IMMEDIATELY SUPPLY OVER 300,000 TONS OF DIESEL TO THE MARKET WITH MORE ON THE WAY. THE ANNOUNCEMENT SENDING DIESEL FUTURES LOWER AS THE WHITE HOUSE SCRAMBLES TOO BRING DOWN FUEL COSTS FOR FARMERS AND TRUCKERS JUST WEEKS BEFORE THE MIDTERMS. JOINING US FOR MORE IS CHRIS KENNEDY. HE’S HERE WITH US IN OUR WASHINGTON, D.C. STUDIO. CHRIS, WHAT WE’RE TALKING ABOUT IMMEDIATELY IS 300,000 TALKS. WHAT DOES THAT EQUATE TO IN TERMS OF BARRELS AND HOW MUCH OF A DENT DOES IT MAKE? CHRIS: 300,000 TONS, IT SOUNDS LIKE A LIKE. IT’S UNDER 100,000 BARREL PER DAY. SO TO PUT THAT IN CONTEXT, THE U.S. RIGHT NOW IS CONSUMING ABOUT 3.7 MILLION BARRELS OF DIESEL PER DAY AND WE’RE EXPORTING MORE THAN A MILLION PER DAY SO WE’RE TALKING ABOUT SOMETHING THAT’S MAYBE 2% OF DAILY U.S. DEMAND SO IT’S NOT A HUGE AMOUNT. JOE: THE TIMING IS CURIOUS WITH THE PRESIDENT HAVING JUST SIGNED A RUSSIA SANCTIONS BILL THAT WOULD SANCTION COUNTRIES FOR WHAT, TAKING RUSSIA OIL? THIS IS CURIOUS. IS IT LEGAL? CHRIS: YOU’RE RIGHT, THE LINDSEY GRAHAM SANCTIONENING RUSSIA ACT WAS JUST SIGNED INTO LAW BY PRESIDENT TRUMP AND THAT LAW GIVES THE PRESIDENT THE RIGHT TO SANCTIONS. BUT MOVING BACK FURTHER, 2022, CONGRESS PASSED A LAW AND PRESIDENT BIDEN SIGN THAT WOULD LAW SO IT’S NOW THE LAW OF THE LAND AND THAT PROHIBITS THE IMPORTATION OF OIL TO THE UNITED STATES. THAT LAW WAS WRITTEN IN A WAY THAT REFERENCES AN EXECUTIVE ORDER. THERE ARE SOME QUESTIONS ABOUT WHETHER OR NOT THE PRESIDENT CAN ALLOW OIL OR IMPORTED BUT THAT LAW WAS MEANT TO PREVENT ANY IMPORTS TO THE UNITED STATES UNTIL RUSSIA STOPS ITS WAR ONLY UKRAINE. KAILEY: THE PURPOSE ON IT WAS TO CRACK DOWN ON THE MONETARY MORE MACHINE. WE HAVE A LENGTHY POST ON X. PART OF IT READS FROM ZELE ZELENSKY -- GIFTS TO PUTIN WILL NOT BRING ANY PEACE TO THE CIVILLED WAR. RUSSIA WILL REPAY WITH -- WHAT WILL THIS AGREEMENT ALLOW RUSSIA TO DO? WHAT COULD IT PROVIDE THEM FINANCIALLY? CHRIS: NOT MUCH FINANCIALLY. PUTIN WAS HINTING AT THIS POSSIBILITY. RUSSIA HAS HAD ITS OWN BAN ON DIESEL EX PORTS OVER THE LAST FEW MONTHS. THEY’VE BUILT UP SOME STOCKPILES SINCE. THAT SEEMED TO BE AN EFFORT TO GET INTO TRUMP’S BETTER FAVOR SO WE’LL SEE IF THAT WORKS. CERTAINLY WE DON’T EXPECT UKRAINE TO HALT ITS ATTACKS ON RUSSIA ENERGY INFRASTRUCTURE SO LONG AS RUSSIA CONTINUES ATTACKING UKRAINIAN RUSSIAN AND CIVILIAN ASSETS. JOE: CHRIS KENNEDY, THANK YOU. JOINING US NOW FOR MORE ON THIS AND MORE IS THE DEMOCRATIC CONGRESSWOMAN FROM FLORIDA. DEBBIE WASSERMAN SCHULTZ. GOOD TO SEE YOU, CONGRESSWOMAN. IT’S BEEN SOME TIME. WE’RE COUNTING DOWN TO MIDTERMS WITH A LOT OF ISSUES INCLUDING A HURRICANE THAT’S ABOUT TO MAKE LANDFALL ON THE OF THE PANNED HANDLE ON YOUR STATE. IS THE RUSSIAN IMPORT DEAL HERE A DEAL WITH THE DEVILED? >> NO QUESTION. IT’S A DESPERATE POLITICAL MOVE THAT IS NOT GOING TO WORK. IT’S DESIGNED TO TRY AND SAVE THEIR MAJORITY, WHICH IS CLEARLY HEADED TOWARDS DEMOCRATS. WE ARE GOING TO PURDUE THAT GAVEL IN HAKEEM JEFFRIES’ HANDS. HE WILL BE THE HOUSE LEADER. DONALD TRUMP HAS IGNORED THE AFFORDABILITY CRITICIZE AND NOW HE’S TRYING TO PUT A BAND-AID ON SOMETHING THAT NEEDS A TOURNIQUET. IT NEEDS A TOURNIQUET BECAUSE THESE GAS PRICES HAVE EXPLODED BECAUSE OF HIS ILLEGAL IRAN WAR, BECAUSE OF HIS TOTAL ABANDONMENT OF CLEAN ENERGY INVESTMENTS AND BECAUSE OF HIS TARIFFS AND IT’S ALSO AN ABANDONMENT OF OUR SUPPORT FOR UKRAINE WHICH AMERICANS ALSO DON’T WANT TO SEE. I THINK THIS IS GOING TO BACKFIRE ON HIM AND AS YOUR ANALYST SAID NOT GOING TO DO VERY MUCH ANYWAY. KAILEY: AS WE MENTIONED, TARIFFS, THAT GETS BACK TO THE LINDSEY GRAHAM RUSSIA SANCTIONS BILL PASSED BY BOTH BOTH CHAMBERS INCLUDING YOURS, SIGNED BY PRESIDENT TRUMP. HE HAPPENED 30 DAYS TO IMPLEMENT IT AND IT EXPIRES ON OCTOBER 18. DOES THIS SHOW THAT HE DOES NOT INTEND TO DO SO? >> PRESIDENT TRUMP DOES NOT HAVE ANY REWARD FOR ANY LAWS. HE ESSENTIALLY ATTEMPTS TO DO WHATEVER HE WANTS. AS YOUR ANALYST SAID HE’S IN VIOLATION OF TWO LOLLS BY TRYING TO CUT THIS DEAL WITH PUTIN. THIS IS SLOWLY BECAUSE HE CARES MORE ABOUT THE POLITICAL OUTCOME FOR HIS PARTY THAN HE DOES ABOUT REALLY DIGGING IN AND TRYING TO MAKE SURE THAT WE CAN SOLVE THE COST CRISIS. GROCERIES, GRASS, UTILITIES, HEALTH CARE, THEY ARE ALL OUT OF CONTROL AND HOUSING IS THE MOST OF ALL AND THAT’S WHAT WE SHOULD BE FOCUSED ON. WE SHOULD STILL BE IN SESSION ADDRESSING THE COST OF LIVING. JOE: THERE’S A COST -- IN THE SORT TERM THANKS TO HURRICANE ISAISAS EXAMINE WHICH APPEARS TO MAKE LANDFALL ON YOUR STATE AS A CATEGORY 3. ARE YOU CONFIDENT TO THAT YOUR STATE IS READY TO HANDLE IT? >> WE ARE GENERALLY READY WHEN IT COMES TO THE ONSET OF A STORM. THE AFTERMATH OF THE STORM BECAUSE OF THE DEVASTATING CUTS TO FEMA AND BECAUSE IT HAS ABOUT HALF THE EMPLOYEES IT HAS THAN IT HAD AT THE BEGINNING OF THE TRUMP ADMINISTRATION. AT LEAST WHAT’S CONCERNING TO ME. AND ADDING INJURY TO INSULT, THE HIGH COST OF GAS ISN’T HELPFUL EITHER. THIS IS GOING TO BE A VERY PAINFUL IMPACT AND ONE EVEN MORE CONCERNING WHEN IT COMES BOTH TO THE CLEANUP BUT ALSO TO THE REIMBURSEMENT WHICH THE TRUMP ADMINISTRATION HAS BEEN INCREDIBLY SLOW. THERE ARE HURRICANES FROM TWO OR THREE YEARS AGO THAT STILL CITIES ACROSS OUR STATE HAVEN’T SEEN REIMBURSEMENT FROM. KAILEY: I IMAGINE A POTENTIAL NATURAL DISASTER LIKE THIS WILL HAVE A TENDENCY TO INFLUENCE VOTERS. ANGIE NIXON, WHO’S RUNNING AGAINST DAVID JOLLY IN THE GUBERNATORIAL ELECTION. ANGIE NIXON, DO YOU FEEL SHE’S HELPFUL TO DEMOCRATIC CANDIDATES LIKE YOURSELF WHO ARE SEEKING RE-ELECTION OR DOES SHE CREATE A DRAG ON THE TICKET? >> SHE RAN A GREAT CAMPAIGN IN THE PRIMARY. A REALLY ORGANIZED GRASS ROOTS CAMPAIGN AND PULLED OFF AN IMPRESSIVE WIN. THAT KIND OF GRASSROOTS ORGANIZING MAKING SURE THAT ACROSS THE STATE WE HAVE FOLKS KNOCKING ON DOORS AND MAKING PHONE CALLS. MOODY LOOKS ON A WITNESS STAND, NOT ON A BALLOT. SHE WAS PERSONALLY RESPONSIBLE FOR FUNNELING $10 MILLION THAT SHOULD HAVE GONE DIRECTLY TO POOR CHILDREN, HEALTH CARE, INSTEAD, HER SIGNATURE ALLOWED FOR THAT FUNDING TO BE DIVERTED TO DARK MONEY POLITICAL CAMPAIGNS TO HELP REPUBLICANS DEFEAT CONSTITUTIONAL AMENDMENTS HERE. IT’S OUTRAGEOUS AND SHE SHOULD NOT BE ELECTED TO THE UNITED STATES SENATE. JOE: WHAT’S HAPPENING NATIONALLY? YOU RAN THE D.N.C. AND YOU HAVE A SENSE OF HOW THIS TRIAGE IS PLAYED. MOVING MONEY AROUND, DEMOCRATS HAVE BROUGHT ANOTHER $5 MILLION TO THE STATE OF KANSAS. WE’RE TALKING ABOUT SEATS FLIPPING IN TEXAS. YOUR OWN STATE IS WATCHING A REMARKABLE CONTEST ON THE GUBERNATORIAL LEVEL. ARE YOU ALLOWING YOURSELF TO BUY INTO THIS OR ARE YOU WORRIED ABOUT COMPLACENCY? >> IT’S ALL HANDS ON DECK. WE’RE ABOUT 25 DAYS BEFORE ELECTION DAY. THE COOK REPORT JUST SHIFTED 18 RACES IN THE DEMOCRATS’ FAVOR. MANY OF WHICH HAVE GONE FROM TOSSUP TO LEANING DEMOCRAT, EVENT IN STATES LIKE AREA AND OTHER MIDWESTERN STATES BUT WE HAVE TO FOCUS ON GLTV. I REPRESENT A DISTRICT THAT IS SMACK IN THE MIDDLE OF THE MOST DEMOCRATIC COUNTY IN THE STATE. OUR TURNOUT HERE IS CRITICAL. REPUBLICANS HAVE DRIVEN UP THE COST OF LIVING, DONE NOTHING TO HELP BRING IT DOWN. WE’RE HIRE MIREDDED IN AN ILLEGAL WAR IN IRAN. TRUMP JUST ABANDONED UKRAINE AND QUESTION A CROOKED, UNETHICAL ADMINISTRATION THAT IS DISMANTLING OUR DEMOCRACY SO BETWEEN COST OF LIVING, THE CORRUPTION AND A PRESIDENT THAT IS OUT OF CONTROL AND DISMANTLING OUR DEMOCRACY, THEY ARE HEADED TOWARDS MAJOR LOSSES. KAILEY: SPREADING THAT MESSAGE THAT YOU JUST ARTICULATED DOES REQUIRE RESOURCES AND TO GET BACK TO JOE’S QUESTION ABOUT THE BREADTH OF THIS MAP, IS THERE A CONCERN THAT UP ABOUT RESOURCES BEING TOO FARLEY DISPERSED RATHER THAN CONCENTRATED IN AREAS OF CLEAR VICTORY? BECAUSE REPUBLICANS ARE AHEAD IN 9 MONEY GAME. >> ON THE CONTRARY, WE’VE SEEN RESOURCES REALLY START TO POUR IN WITH THE EXCITEMENT -- THE EXCITEMENT IS ALL IN OUR FAVOR. THE POLITICS IS SHIFTING IN OUR FAVOR BECAUSE VOTERS ARE SOURED ON THE MAGA AGENDA BECAUSE IT’S MAKING THEIR LIVES MISERABLE AND AS A RESULT WITH THE MORE EXCITEMENT, THE MORE MOMENTUM. THE PRESIDENT’S NUMBERS ARE AT 30%. THAT HAS DIRECTED MORE RESOURCES BOTH IN THE OUTSIDE FUNDING AS WELL AS INTO OUR CANDIDATES’ CAMPAIGNS. SO WE’RE ABLE TO SPEND MORE EFFECTIVELY AND IN A TARGETED AND FOCUSED WAY AND YOU CAN SEE THE MOMENTUM THAT WE HAVE AND THAT’S GENERATING EVEN MORE CONTRIBUTIONS, PARTICULARLY OUR ONLINE GRASSROOTS CONTRIBUTIONS AS WELL. JOE: CONGRESSWOMAN, I CAN’T BELIEVE I’M ABOUT TO ASK YOU THIS BUT THERE’S A CONVERSATION UNDERWAY ABOUT A PUBLIC EXECUTION IN THIS COUNTRY AND IT’S A CASE THAT MOST AMERICANS REMEMBER. HASSAN WHO KILLED I BELIEVE 14 TROOPS AT IMPORTANT HOOD AND INJURED MANY OTHERS. PETE HEGSETH SAID THAT THERE WILL BE A PUBLIC EXECUTION. THE FIRST SUCH IN ALMOST A CENTURY AND THE FIRST PUBLIC EXECUTION IN THIS CASE I BELIEVE OF A U.S. SERVICE MEMBER SINCE WORLD WAR II. THE PRESIDENT OF THE UNITED STATES WAS JUST ASKED ABOUT THIS IN THE DRIVEWAY OF THE WHITE HOUSE AND HE SAID HE APPROVED THE DECISION FOR THE LIVE STREAMING OF THIS EXECUTION BUT WHEN ASKED HE SAID HE’LL MAKE A DETERMINATION ON WHETHER THIS HAPPENS OR NOT. WILL CONGRESS HAVE A SAY IN THIS? >> THERE A SICKENING, HORRIFIC DISPLAY THAT EVEN THE VICE PRESIDENT OF THE UNITED STATES SAID HE DID NOT THINK THAT THE EXECUTION SHOULD BE PUBLIC. OR AT LEAST THAT HE WOULDN’T WATCH IF IT WAS. HOW DO YOU PREVENT CHILDREN FROM SEEING THIS HORRIFIC KILLING? THE DEATH PENALTY WAS THE SENTENCE AND WE CERTAINLY ARE GOING TO SEE IT CARRIED OUT BUT I DON’T KNOW WHAT THE POINTS IS OF MAKING A MOCKERY OF CRUEL AND UNUSUAL PUNISHMENT. THIS IS NOT A VIDEO GAME. THIS IS NOT A HORROR MOVIE. THIS IS REAL LIFE AND THIS SHOULD BE CARRIED OUT IN A WAY THAT ENSURES THAT THE JUST JUSTICES -- JUNCTION IS HEATHED OUT BUT NOT TO MAKE A MOCKERY OR A HORROR SHOW OUT OF THIS KIND OF JUSTICE. >> THANK YOU SO MUCH. IN MARKETS, STOCKS SNAPPING A TWO-DAY SLIDE TO END THE WEEK WITH THE S&P 500 BACK WITHIN STRIKING DISTANCE OF ITS ALL-TIME HIGH. ALONGSIDE DIESEL STOCKS STALLING ON PRESIDENT TRUMP’S ANNOUNCEMENT THAT RUSSIA WILL RELEASE SUPPLY INTO THE GLOBAL MARKET. WE GO TO NORAH MULINDA IN NEW YORK. NORAH: STOCKS WERE ENDING INCHES AWAY FROM A RECORD HIGH BUT NOT SETTLING THERE. THE S&P 500 HIGHER BY ABOUT .6%. THE NASDAQ HIGHER AND ALSO NOTCHING ITS FOURTH STRAIGHT WEEK OF GANGS. WE SAW MONEY IN THE. 500 FLOWING INTRO REAL ESTATE AND CONSUMER DISCRETIONARY AND SOME OF THE SEMIS LAGGING. I’M LOOKING AT THE SEMICONDUCTOR INDEX. THE STOCKS ENDING ABOUT 4% LOWER ON THE DAY. THERE WAS A BIG DISRUPTION IN THE MARKET AND A LOT OF CONVERSATION ABOUT SPACE X. IT WANTS TO BECOME A MAJOR MOBILE CARRIER AND BECAUSE OF THAT IT’S BUYING NATIONWIDE LOW BAND SPECTRUM. NOT PUTTING PRESSURE ON OTHER COMPETITION BY AT&T, T-MOBILE. ALL OF THESE LOWER ON THE DAY. BUT THERE WAS CERTAINLY A LOT OF PRESSURE IN THAT SPACE TODAY. ANOTHER STORY ON MY RADAR, DELTA. IT DID END HIGHER AN AT THE MARKET CLOSE BUT THE COMPANY IS FLASHING ITS OUTLOOK FOR THE YEAR AND ALL OF THAT POINTED TOWARD WHAT SO MANY DIFFERENT SECTORS HAVE TALKED ABOUT. SO MANY DIFFERENT COMPANIES COMING OUT SAYING THAT THE CONFLICT IN THE MIDDLE EAST IS WEIGHING ON THE COMPANY. WHEN WE THINK ABOUT FUEL COSTS BEING ELEVATED AND DELTA INTENDS TO ABSORB AN ADDITIONAL $6 BILLION IN FUEL COST THIS IS YEAR. THIS IS ALL IN COMPARISON TO ITS FUEL COSTS FROM LAST YEAR AND NOW THE ATTENTION TURNS TO NEXT WEEK. INVESTORS ARE LOOKING AHEAD TO THE KICK AH OF EARNINGS SEASON. WE’LL GET REPORTS FROM MARRIAGE BANKS AND RIGHT NOW TRADERS ARE OPTIMISTIC. IT’S EXPECTED TO BE ANOTHER STRONG QUARTER FOR BANKS AND ONE STANDOUT COULD BE GOLDMAN SACHS. THE STOCK TRADING REVENUE IS EXPECTED TO REACH $5 BILLION. WE’LL SEE BUT RIGHT NOW THERE’S A LOT OF OPTIMISM AND EXCITEMENT HERE ON WALL STREET. JOE: TIME FOR ANOTHER EARNINGS SESSION. THANK YOU, NORAH. ANY TAKEDOWNS? THE FIERY DEBATE NIGHT THAT DOMINATED KEY SENATE RACES. WE’LL BRING YOU THE HIGHLIGHTS, ONLY ON SHOW SHOW ON BLOOMBERG TV AND RADIO. >> ALREADY 80, $80 TO FILL UP YOUR GAS TANK. THERE IS ONE THING THAT IS ACTUALLY CAUSING THIS, THE WAR IN IRAN. I CALL FOR A DIESEL REBAIT, NUMBER ONE AND A PAUSE ON EXPORTS OF DIESEL TO GIVE A TEMPORARY BREAK. >> MY OPPONENTS VOTED FOR THESE BIDEN NORMALLICS THAT BROUGHT THAT INFLATION. >> THESE TARIFFS ARE CRUSHING OUR STATE. AND WE’LL REPEAL THOSE TARIFFS. >> I’VE BEEN THE LEADING PROPONENT OF THE LOWER INCOME HEATING COAL PROGRAM IN CONGRESS. JOE: IT’S "BALANCE OF POWER." WE WERE WATCHING SO I DOESN’T HAVE TO. LAST NIGHT SPARKS FLEW ON THE DEBATE STAGE. DEMOCRATS ARE GOING ON THE OFFENSIVE. TAKING ON A RED SEAT IN SENATE NOW BEING CALLED A TOSSUP. A SUPERPAC IS NOW PUMPING $5 MILLION IN THE STATE. THIS IS NOT THE FIRST INFUSION OF DEMOCRATIC CASH. JOINING US IS BARON BROWNSTEIN WRITING FOR BLOOMBERG OPINION. RON, GREAT TO HAVE YOU. ARE WE LIVING IN A FANTASY LAND OR IS THE MAP BEING REWRITTEN IN THIS CYCLE RON: WHAT’S DRIVING THIS ELECTION IS NOT ONLY THE DEPTH BUT THE BREADTH OF TRUMP’S DECLINE. NOT ONLY IS HIS APPROVAL RATING LOWER THAN IN 2018 BUT HE IS LOSING SUPPORT EVEN AMONG CORE REPUBLICAN GROUP. NONCOLLEGE WHITE VOTERS. REPUBLICANS WHO DON’T IDENTIFY WITH THE MAGA MOVEMENT. AMONG ALL OF THOSE HE IS SHOWING VULNERABILITY IN A WAY HE DID NOT IN HIS FIRST TERM, ALLOWING DEMOCRATS TO COMPETE IN A WAY THEY THOUGHT THAT REPUBLICANS NEVER THOUGHT THEY WOULD HAVE TO DEFEND. NOW WE’RE EVEN TALKING ABOUT KANSAS, NEBRASKA, SOUTH CAROLINA AND HOUSE DISTRICTS AS WELL THAT HE WON BY DOUBLE DIGITS. THE ENGINE OF ALL OF THIS, THOUGH, IS THAT TRUMP’S SECOND TERM IS FACING SUCH DISMAL REVIEWS. KAILEY: IT’S ONE THING FOR TRUMP TO LOSE REPUBLICANS AND ANOTHER FOR DEMOCRATS TO GAIN THEM. IS WAS BECAUSE DEMOCRATS ARE DRAWING MORE PEOPLE IN OR PEOPLE WHO ARE GOING TO CHOOSE NOT TO SHOW UP AND THAT BENEFITS THE NON-INCUMBENT PARTY? RON: THAT REALLY IS THE QUESTION. ALMOST THE ENTIRE BATTLEFIELD IN 2026 IS BEING FOUGHT OUT IN PLACE THAT IS VOTED FOR TRUMP NO-NO 2024. ONLY EIGHT HOUSE ELECTIONS ARE IN STATES THAT VOTED FOR HARRIS. SUSAN COLLINS IS THE ONLY ONE LEFT IN A STATE THAT VOTED FOR HARRIS. IN PLACES THAT VOTED NARROWLY FOR TRUMP, LIKE NORTH CAROLINA AND PENNSYLVANIA, THE WAVE IS BIG ENOUGH THEY ARE LIKELY TOCK SUB AMERICANED AND TILT TOWARD THE DEMOCRATS. BEYOND THAT, THAT IS THE QUESTION. YOU HAVE A LOT OF VOTERS NOW DISAPPOINTED IN TRUMP IN A WAY WHO WERE NOT IN THE FIRST TERM WHO ARE STILL RELUCTANT TO VOTE FOR DEMOCRATS. AS THE STRATEGISTS IN BOTH PARTIES HAVE SAID THAT IS THE KEY TO HOW THIS ULTIMATELY GOES. WHAT DO THOSE REPUBLICAN-LEANING VOTERS WHO VOTED FOR TRUMP DO? HOLD THEIR NOSE AND VOTE FOR DEMOCRATS, HOLD THEIR NOSE AND VOTE FOR DEMOCRATS OR DO MOST OF THEM STAY HOME? HOW THIS WORKS OUT WILL SHOW HOW FAR THIS EXTENDS INTO TRADITIONALLY REPUBLICAN TERRITORY. JOE: I REMEMBER THE SPLASH YOUR BOOK MADE DURING THE MAC CANE WILL HAVE OBAMA CAMPAIGN. "THE SECOND CIVIL WAR" WAS THE NAME OF IT. ARE WE IN FOR A THIRD CIVIL WAR? RON: THE TRENDS OMINOUS. WE’VE HAD OTHER ERAS OF INTENSE DISAGREEMENT BUT THEY’RE NOW MAPPED ON OUR PARTISANSHIP IN A WAY THAT IS UNUSUAL IN OUR HISTORY. THE TWO PARTIES HAVE DIFFERENT VISIONS OF WHAT THE COUNTRY SHOULD BE. IT DOES REESTABLISH THE IDEA OF DEMOCRATIC, SMALL D, ACCOUNTABILITY. THAT WAY YOU’RE NOT SO LOCKED IN THAT YOU CAN’T BE PUNISHED IN A WAY THAT MOST AMERICANS REJECT AND WE MIGHT SEE THAT IN PLACES EVEN AS UNLIKELY AS KANSAS. KAILEY: RON, THANK YOU SO MUCH. LOOKING FORWARD TO YOUR CONTINUED WORK. STILL AHEAD, THE ICE SHOOTING IN NEW YORK ESCALATING TENSIONS OVER THE TRUMP ADMINISTRATION’S IMMIGRATION CRACKDOWN. WE’LL GET INTO IT NEXT ON "BALANCE OF POWER" ON BLOOMBERG. JOE: IT’S "BALANCE OF POWER" ON BLOOMBERG TV AND RADIO. I’M JOE MATHIEU ALONGSIDE KAILEY LEINZ IN WASHINGTON. TONIGHT, NEW YORK CITY MAYOR MAMDANI IS CALLING TO AN END TO FEDERAL IMMIGRATION ENFORCEMENT IN THE CITY AFTER A SHOOTING LAST NIGHT WHEN AN ICE OFFICER FIRED SEVEN ROUNDS INTO A VEHICLE WOUNDING A MAN IN FRONT OF HIS 5-YEAR-OLD SON WHO WAS IN THE BACK SEAT. MAMDANI REITERATING CALLS TO ABOLISH ICE IN COMMENTS LAST NIGHT AFTER SPENDING TWO HOURS ON THE PHONE AND HOMELAND SECURITY SECRETARY MARK WANE MULLEN. HE HELD A FIERY NEWS CONFERENCE THIS MORNING. HERE’S WHAT HE SAID. >> WE WEREN’T AWARE THE CHILD WAS IN THE CAR, WE CAN TELL YOU THAT BUT YOU KNOW WHO WAS? OSCAR? HE CHOSE TO ACCELERATE AT A HIGH RATE OF SPEED AND RAM TWO DIFFERENT VIKINGS AS HE APPEARS TO BE GOING TOWARDS OFFICERS. THE PUBLIC OUTCRY ALSO SHOULD BE TOWARDS THIS CRIMINAL, THIS THUG, THE GANGBANGER, THIS POSSIBLE MURDERER -- THE OUTRAGE SHOULD BE WITH LIMB FOR ENDANGERING THE 5-YEAR-OLD. THE FOCUS ON WHAT TOOK PLACE IS ABSOLUTELY ABSURD. JOE: JOINING US FROM NEW YORK IS BLOOMBERG’S MILES MILLER WHO WAS HERE IN THE CAPITOL FOR THAT NEWS CONFERENCE EARLIER TODAY. HAS ANYTHING CHANGED WHEN IT COMES TO ENFORCEMENT IN NEW YORK CITY? >> NO, IT’S A STANDOFF BETWEEN THE MAYOR AND ICE AND D.H.S. OFFICIALS AND IT’S ALL ABOUT WHAT THEY SAY SHOULD BE REALLY AN END TO IMMIGRATION ENFORCEMENT IN THE CITY. THE MAYOR WHEN HE STOOD THERE WITH DONALD TRUMP AT TRACY MANSION JUST A FEW WEEKS AGO TOLD DONALD TRUMP THERE SHOULD BE NO ICE ENFORCEMENT IN NEW YORK CITY. YESTERDAY YOU SAW THE OPPOSITE OF THAT WITH THAT 28-YEAR-OLD THAN SHOT IN HIS NECK. WE LEARNED TODAY IN COURT THAT HE HAD A BULLET LODGED IN HIS NECK. KAILEY: SO WHAT BECOMES OF HIM NOW, MYLES? OBVIOUSLY ICE WAS ATTEMPTING TO ARREST HIM BECAUSE THEY WANT TO BE ABLE TO DEPORT HIM. I KNOW THAT MAMDANI DECLINED THE OFFER THAT TRUMP MADE TO ALLOW THE NYPD TO TAKE CUSTODY SO WHERE IS HE NOW? >> RIGHT NOW THE SUBJECTS IS AT METROPOLITAN DETENTION CENTER. WHERE NICOLAS MADURO IS AS WELL AS LUIGI MANGIONE. THIS IS A PRE-TRIAL AND ALSO A POST-DETENTION CENTER AS YOU’RE AWAITING TO GO TO FEDERAL PRISON. IT IS NOT WHERE ICE DETAINEES ARE HEAD. THE JUDGE ASKED WHY IS HE BEING HELD? THE U.S. ATTORNEY SAID WELL, THERE IS A CRIMINAL MATTER HERE BUT WHEN YOU ARE DETAINED BY ICE IT IS REALLY ON A CIVIL MATTER NOT A FEDERAL MATTER BUT LISTEN TO WHAT THE MAYOR SAID ABOUT THIS JUST LAST NIGHT. >> WE KNOW AND I HAVE SAID THIS DIRECTLY, WHETHER TOO THE PRESIDENT OR TO THE PUBLIC. ICE UNDERMINE PUBLIC SAFETY. IT MAKES US LESS SAFE. NEW YORK CITY WILL NOT STANDS BY WHILE ICE AGENTS TREAT NEW YORKERS AND WE WILL NOT BACK DOWN FROM THE DEMAND THAT SO MANY INCLUDING MYSELF HAVE PUT FORWARD TIME AND AGAIN IN. IS AN AGENT SILL THAT MUST BE ABOLISHED. >> WE HEARD FROM MARK WANE MULLEN ABOUT THAT TODAY. HE SAID IT WAS COMPLETELY RIDICULOUS FOR THE MAYOR TO SAY THAT ICE SHOULD BE ABOLISHED. HE SHOULD YOU SHOULD BE THANKING ICE OFFICERS FOR KEEPING NEW YORK SAFE AND HE SAID THEY OFFERED TO LET THE MIDDLE TAKE CUSTODY OF THE SUBJECTS BUT IT WOULDN’T HAVE MADE SENSE BECAUSE HE IS CURRENTLY OUT ON BAIL RIGHT NOW. HE HAS A CHARGE IN CRIMINAL COURT HERE IN THE CITY BUT EVENT IF HE WERE TO BE CHARGED IN THAT CASE HE WOULD HAVE TO GO THROUGH THE NEW YORK COURT SYSTEM AND THEN BE ELIGIBLE FOR REMOVABLE. THIS IS GOING TO HAVE TO WORK ITS WAY THROUGH COURT BUSKED IT IS A HIGHLY VOLATILE SITUATION. AS HE WAS STANDING NEXT TO PRESIDENT TRUMP A FEW WEEKS AGO AND SHOWED A VERY DIFFERENT SIDE OF BOTH MEN. KAILEY: THANK YOU. JOINING US IS ROBERT POST, PROFESSOR AND FORMER DEAN OF YALE LAW SCHOOL. THANK YOU FOR BEING WITH US. AND WE DO WANT TO EXPECT AN ONGOING CASE WHEN IT PERTAINS TO PRESS ACCESS TO THE WHITE HOUSE. IMMIGRATION ENFORCEMENT UNDER THE TRUMP ADMINISTRATION, WE HAVE FREQUENTLY SEEN THESE MATTERS UNDER UP BEFORE COURTS. THE SUPREME COURT ITSELF IS GOING TO HAVE TO HEAR A CASE ON THIRD COUNTRY DEPORTATIONS. HOW ARE YOU THINKING ABOUT THE DYNAMICS BETWEEN THE EXECUTIVE BRANCH AND JUDICIAL BARRAGE KNOWING THAT THE JUDICIAL BRANCH IS ONLY CAPABLE OF DETERMINING THE LAW, NOT ENFORCING IT. ROBERT: IT’S A VERY DIFFICULT SITUATION BECAUSE, OF COURSE, COURTS HOLD NINTH THE SWORD NOR THE PURSE. THEY HAVE TO RELY ON THE ENFORCEMENT OF THEIR ORDERS ON THE GOOD FAITH AND COMPLIANCE OF THE EXECUTIVE BRANCH AND WHEN THERE’S CONSIDERABLE TENSION BETWEEN THE TRUMP ADMINISTRATION AND THE COURTS THEY HAVE TO PLAY THEIR CARDS VERY CAREFULLY AND ONE NEVER KNOWS HOW IT’S GOING TO COME OUT. JOE: PROFESSOR, THERE WAS AN IMPORTANT MOMENTS AS THE FEDERAL JUDGE YESTERDAY EXTENDED PRESIDENT TRUMP’S BRAND ON SOME NEWS AGENCIES FROM REPORTING AT THE WHITE HOUSE. THERE’S BEEN ACCESS TO THE CAMPUS BUT ALSO ACCESSION TO THE OVAL OFFICE AND AIR FORCE ONE. THE BIG QUESTION AND ARGUMENT UNDERWAY IN WASHINGTON IS, IS THIS A FIRST AMENDMENT RIGHT OR IS IT A PRIVILEGE TO COVER THE WHITE HOUSE? ROBERT: THE ADMINISTRATION WANTS TO SAY IT’S A PRIVILEGE. WE GRANTS THIS PRIVILEGE TO THOSE WHO PRAISE US AND DENY IT TO THOSE WHO CRITICIZE US. WHO PUBLISH WHAT THE WHITE HOUSE IS CALLING NEGATIVE NEWS BUT IN FORCE GRANTING UP TO SOME MEMBERS OF THE PRESS, THEY MUST GRANT IT UNDER THE FIRST AMENDMENT TO ALL MEMBERS OF THE PRESS. THEY CANNOT DECIDE WHICH MEMBER OF THE THE PRESS GET TO COME INTO THE WHITE HOUSE AND COVER WHAT THE PRESIDENT IS DOING BECAUSE THAT WILL DEFORM THE PRESS COVERAGE OF THE PRESIDENT AND ONE OF THE THINGS THAT THE FIRST AMENDMENT STANDS FOR MOST FUNDAMENTALLY SINCE 1791 IS THAT WE WANT OUR GOVERNMENT OR COVERED FA FAIRLY COMPREHENSIVELY OF THE PRESS. AND IF THE PRESIDENT GETS TO CHOOSE WHO COVERS HIM, HE CAN SLANT THE NEWS AND THAT MEANS THE SITS WHO DEPEND ON THE PRESS FOR OUR INFORMATION, WOULDN’T HAVE COMPLETE COVERAGE. KAILEY: THE DISTINCTION THAT THE ADMINISTRATION HAS MADE, AND FRANKLY JUDGES HAVE MADE WHAT WE SAW THIS IN 2025 WHEN THEY ATTEMPTED TO BAN THE ASSOCIATED PRESS OVER THE REFUSAL OF THE NAME CHANGE OF THE GULF OF AMERICA. ONE THING TO BARRACK SAYS FROM THE WHITE HOUSE GROUNDS ENTIRELY AND IT’S ANOTHER TO SAY THAT YOU ARE NOT ABLE TO BE IN THE OVAL OFFICE. HOW DO YOU THINK ABOUT THAT SPECIFIC DECISION? NOT THAT THEY CAN’T COVER THE WHITE HOUSE, JUST THAT THEY CAN’T DO SO FROM INSIDE THE ROOM. ROBERT: THE TECHNICAL WAY IN WHICH IS FIRST AMENDMENT DIVISION, THESE CASES IS TO ASK WHETHER THE GOVERNMENT HAS CREATED WHAT’S CALLED A LIMITED PUBLIC FORUM. THAT IS TO SAY THEY’VE OPENED UP THIS ROOM IN THE WHITE HOUSE TO THE PRESS GENERALLY EVEN THOUGH NOT THE OVAL OFFICE. THAT MEANS A JUDGE HAS TO MAKE A DECISION ABOUT WHEN, FOR EXAMPLE, YOU’RE ALLOWED INTO THE INNER SANK UP OF THE OVAL OFFICER IT’S A DISCREET DIFFERENCE. THAT’S THE KIND OF DISTINCTION THE COURT WILL MAKE WHETHER DETERMINING WHETHER IT’S A PRIVILEGE OR A RIGHT. JOE: THAT IS NATEING ANSWER. IT APEERS THAT’S GOING TO BE A HEARING AT THE WHITE HOUSE. LISA COOK ANNOUNCING THE ESTABLISHMENT OF AN INVESTIGATIVE WHITE HOUSE COMMITTEE. WE UNDERSTAND THAT KEVIN HASSETT WILL BE ON THIS COMMITTEE, AMONG OTHERS TO INVESTIGATE ALLEGATIONS OF FRAUD AGAINST THE FEDERAL RESERVE GOVERNOR. DO YOU HAVE ANY SENSE OF WHETHER THE WHITE HOUSE HAS THE AUTHORITY TO DO THIS? WOULD SHE BE UNDER SUBPOENA AND IF NOT, SHOULD SHE NOT SHOW UP? ROBERT: THE WHITE HOUSE DOESN’T HAVE THE AUTHORITY TO ISSUE A SUBPOENA. THE JUSTICE DEPARTMENT MIGHT PETITION THE COURT FOR A SUBPOENA BUT THEY HAVE TO GO THROUGH A COURT TO GET IT. THE WHITE HOUSE CAN DO WHATEVER IT WANTS BUT CAN’T SHA AUTHORITATIVE ORDERS LIKE THE SUBPOENA. THIS COMMISSION SEEMS TO BE A WAY TO GET AROUND THE SUPREME COURT DECISION IN COOK VS. TRUMP IN WHICH THEY SAID THERE HAVEN’T BEEN ANY CREDIBLE ALLEGATIONS OF MALFEASANCE IN OFFICE. JOE: SO SHE COULDN’T BE HELD IN CONTEMPT BY THE WHITE HOUSE? ROBERT: THE WHITE HOUSE CAN SAY THAT BUT IT HAS NO LEGAL FORCE. JOE: WE THANK YOU FOR BEING WITH US ON BLOOMBERG. COMING UP, AFFORDABILITY REMAINS THE BIG ISSUE FOR VOTERS. AND WHAT STILL SQUEEZES AMERICAN HOUSEHOLDS. NEXT ON "BALANCE OF POWER" ONLY ON BLOOMBERG TV AND RADIO. JOE: IT’S "BALANCE OF POWER" ON BLOOMBERG TV AND RADIO. I’M JOE MATHIEU ALONGSIDE KAILEY LEINZ IN WASHINGTON. LESS THAN FOUR WEEKS TO ELECTION DAY AND THE ECONOMY IS THE TOP ISSUE FOR VOTERS WITH A NEW PEW RESEARCH POLL UNDERSCORING THAT FACT. WITH SOME 74% OF AMERICANS SAYING THEY ARE VERY CONCERNED ABOUT THE PRICE OF GAS AND ENERGY. UP FROM 60% THREE MONTHS AGO. VOTERS ARE HEADING TO THE POLLS WITH A LOT OF ECONOMIC WORRIES. >> HEADING INTO THE MIDTERMS, ONE ISSUE KEEPS HITTING AMERICANS WHERE IT HURTS, THEIR WALLET. SOME AMERICANS ARE FEELING SQUEEZED AS FOOD, ELECTRICITY AND AIRFARE COSTS ALL RISE. MANY SAY HOMEOWNERSHIP SEEMS INCREASINGLY OUT OF REACH. WHEN IT COMES TO THE WORD AFFORDABILITY, PRESIDENT TRUMP IS NOT BUYING IT. >> AFFORDABILITY THEY CALL IT WAS A CON JOB BY THE DEMOCRATS. THEY CAUSED THE AFFIDAVITTABILITY PROBLEM AND WE’VE SOLVED IT. MORE IMPORTANTLY WE’VE BROUGHT BACK THE AMERICAN DREAM. >> BUT THAT DREAM IS NOT REALITY. THE GOVERNMENT’S OWN DATA TELL A DIFFERENT DIFFERENT STORY. THE CONSUMER PRICE INDEX AND AS SURGED YEAR OVER YEAR REFLECTING HIGHER FOOD, ENERGY AND HOUSING COSTS. WARS IN IRAN AND UKRAINE HAVE SPARKED ONE OF THE LARGEST ENERGY SUPPLY DISRUPTIONINGS IN HISTORY. SINCE LAST NOVEMBER, BRENT HAS SURGED MORE THAN 60%. RETAIL PRICES FOR DEALSLE MORE THAN $6 A GALLON. GASOLINE SURPASSING $4 A GALLON. PRESIDENT TRUMP HAS TRIED TO REASSURE VOTERS, SAYING RELIEF IS ON THE WAY. >> RIGHT AFTER THE ELECTION OIL PRICES ARE GOING TO BE TUMBLING DOWNWARD. WE’LL GET THEM BELOW $2 A GALLON. >> EFFECT OF THE IRAN WAR AND HIGHER HOUSING COSTS HAVE SEEMED INTO THE MARKET. ESSENTIAL BANKS AROUND THE WORLD HIKED INTEREST RATES TO COMBAT INFLATION. CONSUMER PRICES HAVE RISEN MORE THAN 20%. >> EVERY TIME PEOPLE GO TO THE GROCERY STORE THEY FEEL LIKE THEY’RE FALLING FURTHER AND FURTHER BEHIND BECAUSE PRICES ARE STILL TOO HIGH. >> ONE EXAMPLE, THE PRICE OF GROUND BEEF. THE U.S. CATTLE HERD IS DECLINING BUT THE PRICE REMAINS HIGH. NEARLY $7 A POUND, THE MOST IN RECENT HISTORY. >> I AM PAYING AS A CATTLEMAN, THE HIGHEST PRICES FOR MY THREE TOPPIN PUTS. HIGH FEED BECAUSE OF THE DROUGHT, HOW DIESEL PRICES BECAUSE OF THE STRAIT OF HORMUZ AND THE HIGHEST FERTILIZER FEES I’VE EVER PAID. >> THIS IS THE LARGEST EVER GOVERNMENT EFFORT TO CHANGE ALL FEDERAL RULES AND REGULATIONS NECESSARY TO SUPPORT OUR RANCHERS AND OUR FARMERS. >> VOTERS LIST THE ECONOMY AND INFLATION AS SOME OF THEIR TOP CONCERNS THIS ELECTION CYCLE BASED ON POLLS. MANY SURVEYS SAY THE PRESIDENT’S APPROVAL RATING IS REACHING HISTORIC LOWS. IN NEW YORK, BLOOMBERG NEWS. KAILEY: JOHN:ING US NOW FOR MORE IS OUR POLITICAL PANEL THIS EVENING. DEMOCRATIC STRATEGIEST JEANNIE AND REPUBLICAN STRATEGIST RICK DAVIS. WELCOME TO YOU BOTH. GOOD YOU HAVE YOU ON A FRIDAY. AS WE TALK HERE ABOUT AFFORDABILITY AND HOW VOTERS ARE FEELING. RICK, I KNOW YOU ALWAYS LOVE THE UNIVERSITY OF MICHIGAN NUMBERS AND THEY DETERIORATED AGAIN. HIT A FIVE-MONTH LOW. WHAT DOES THAT TELL US? RICK: JUST TO LOOK INSIDE THOSE NUMBERS A LITTLE BIT, THE BIGGEST DECLINE WAS WITH INDEPENDENT VOTERS WHICH ARE INCREDIBLY IMPORTANT TO REPUBLICANS RIGHT NOW BECAUSE THEY ARE NOT GETTING A LOT OF ACTION IN THAT CATEGORY. THE SURVEY GIVES US THE ATTITUDES ABOUT CONSUMERS BY PARTY AND EVEN THOUGH THE DEMOCRAT AND REPUBLICAN IDENTIFIED CONSUMERS HAVE IMPROVED VERY SLIGHTLY IN ONE MONTH, THE INDEPENDENTS HAVE KIND OF CRASHED ASK THAT IS WHAT’S DRIVING THE ENTIRE INDEX DOWN A BIT. SO IT’S REALLY BAD NEWS FOR, ESPECIALLY INCUMBENT REPUBLICANS GOING INTO THE ELECTION. JOE: TO SEE THE VIEWS OF CURRENT ECONOMIC CONDITIONS HIT AN ALL-TIME LOW, JEANNIE. IT’S PRETTY NOTEWORTHY AND CLEARLY PARTLY WHY PRESIDENT TRUMP IS TRYING TO TAKE ACTION ON DIESEL. WHAT DO WE THINK OF THIS IDEA? VLADIMIR PUTIN HAS AGREED TO DROP DIESEL SUPPLIES INTO THE GLOBAL MARKET. KIND OF A DROP IN THE BUCKET BUT WEREN’T WE TRYING TO STOP AURA FROM SELLING OIL? >> YEAH, BUT IT LOOKS LIKE DONALD TRUMP’S CONCERNS ABOUT THE ISSUE LISA WAS TALKING ABOUT, THE ECONOMY HAS WON OVER IN DONALD TRUMP’S MIND. UNFORTUNATELY FOR THE PRESIDENT, IT IS TOO LITTLE TOO LATE AND I THINK THAT’S WHAT WE ARE SEEING TIME AND TIME AGAIN. THEIS REPUBLICANS HAVE AN ENORMOUS FINANCIAL ADVANTAGE IN THIS ELECTION. NONE OF THAT IS HELPING AT THIS POINT. THE PERSPECTIVE IN OFFICE, REPUBLICANS CONTROL CONGRESS, THEY HAVE LEVERS AT THEIR DISPOSAL LIKE THE DIESEL DEAL WITH RUSSIA AND YET IT’S TOO LITTLE TOO LATE BECAUSE IN THE MINDS OF VOTERS, THE BAD ECONOMY HAS CALCIFIED. THEY WILL NOT CHANGE THEIR MINDS AT THIS POINT BECAUSE ALL OF THOSE BIG PROMISES MADE BY THE ADMINISTRATION GOING BACK TO EARLY THIS YEAR, NONE OF THEM HAVE COME TO FRUITION AND ALREADY SO MANY PEOPLE ARE VOTING EARLY AND IF THEY’RE NOT VOTING EARLY THEY’VE MADE UP THEIR MINDS SO I THINK THE PRESIDENT IS SORT OF TRYING TO THROW JELL-O AT THE WALL BUT IT’S NOT GOING TO STICK AND IN FACT IT MAY HURT OUR ALLIANCES IN THE WEST, HURT OUR POSITION WITH UKRAINE AND NATO AND SO ON AND SO FORTH BUT HE’S STILL TRYING. KAILEY: HE VERY WELL MAY TALK ABOUT IT ON THE RALLY STAGE IN SYRACUSE, NEW YORK, WHERE HE’S HEADING NOW AND HE SPOKE TO REPORTERS AS HE WAS TRAVELING TO THE AIRPORT ABOUT THIS DEAL WITH RUSSIA. THIS IS WHAT HE SAID. >> YOU HEARD ABOUT THE OIL DEAL WITH RUSSIA. THAT IS A BIG DEAL. THAT IS MASSIVE AMOUNTS OF OIL COMING INTO OUR COUNTRY AND I WANT TO THANK PRESIDENT PUTIN, TO BE HONEST UP WITH. WE HAVE MASSIVE AMOUNTS OF OIL COMING INTO OUR COUNTRY AND IT’S DIESEL, WHICH IS WHAT WE WANT SO THANK YOU. IS. KAILEY: RICK, HE WANTS TO THANK PRESIDENT PUTIN, HAVING JUST SIGNED RECENTLY INTO LAW A SANCTIONS BILL THAT REALLY IS A TARIFFS BILL ENABLING HIM WITH THE POWER TO TRIP COUNTRIES THAT ARE BUYERS OF RUSSIAN FUEL AND ENERGY PRODUCTS. NOW WE’RE BECOMING ONE OF THEM? WHAT DO YOU MAKE OF THEM? RICK: YEAH, TRIP THE U.S. MAYBE WE DESERVE SECONDARY SANCTIONS AT THIS STAGE. ANYBODY WHO TELLS YOU THAT IT’S A GREAT IDEA TO TALK ABOUT A TERRIFIC DEAL YOU JUST DID WITH A BLOOD THIRSTY DICTATOR LIKE PUTIN THREE WEEKS BEFORE A ELECTION. I’M SORRY, I THINK THAT’S A SAFE BET THAT IT’S A DISASTER FOR REPUBLICAN CANDIDATES ALL OVER. HOW WOULD UP LIKE TO BE STANDING IN FRONT OF A DETECTIVE AND BE THE OPPONENT SAYS, WHAT DO YOU THINK ABOUT DOING A DEAL FOR VLADIMIR PUTIN WHICH WILL ADD MONEY TO HIS STOCKPILE TO KILL FREEDOM FIGHTERS IN UKRAINE? THAT’S A HARD ANSWER TO GIVE IF YOU’RE A REPUBLICAN. JOE: JOHN MCCAIN USED TO TALK ABOUT RUSSIA AS A GAS STATION MASK RAILING AS A COUNTRY AND IT’S FEELING LIKE IT. I WANT TO TALK TO YOU ABOUT THIS STORY THAT I CAN’T BELIEVE WE’RE TALKING ABOUT NOW, THE IDEA OF A PUBLIC EXECUTION. IN THIS CASE, A MEMBER OF THE MILITARY. WE’VE TALKED ABOUT THIS ALREADY THIS HOUR. WE GOT INTO IT WITH CONGRESSWOMAN DEBBIE WASSERMAN SCHULTZ. THIS IS THE SERVICEMAN WHO COMMITTED THE MURDERS AT FORT HOOD IN 2017. THE PRESIDENT WAS ASKED ABOUT IT AND THIS IS WHAT HE SAID. >> HE WILL BE KILLED, THROUGH FIRING SQUAD. HE KILLED 13, 14 PEOPLE. BADLY WOUNDED 20-SOME ODD PEOPLE AND HE’S TOTALLY NUTS. I REALLY DON’T CARE HOW HE GOES AS LONG AS HE GOES AND I THINK THE DEATH PENALTY IS A VERY WORTHY WAY OF GOING FOR HIM. JOE: WE’RE WORKING THROUGH THAT MAKES ME WONDER IF THIS IS ACTUALLY GOING TO TAKE PLACE BUT IF IT DOES WHAT DOES IT SAY ABOUT OUR COUNTRY? ARE THEY GOING TO HAVE AN AGE VERIFICATION BOX TO CLICK SO KIDS DON’T WATCH THIS? >> I WAS WATCHING YOUR INTERVIEW WITH THE REPRESENTATIVE AND SHE ASKED A GREAT QUESTION. WHAT IS THE POINT OF THIS? AND ORGANIZE CORK TO THE SECRETARY OF DEFINITION OR WAR HIS HE HIKES TO BE CALLED HE SAID THE POINT IS THAT PEOPLE NEED TO UNDERSTAND THAT THERE ARE SERIOUS CONSEQUENCES FOR THESE TYPES OF THINGS. THAT DOES NOT RISE TO THE LEVEL OF SOMETHING THAT YOU CAN HANG YOUR HAT ON. THE IDEA THAT YOU WOULD HAVE TO PUBLICLY EXECUTE SOMEBODY FOR PEOPLE TO UNDERSTAND THAT MURDERING PEOPLE ON A MILITARY BAILS IN THIS COUNTRY IS SOMETHING THAT WE DON’T ACCEPT IS RIDICULOUS. THIS IS BEYOND DISGUSTING, BEYOND REPREHENSIBLE. IT IS ANOTHER REASON WHY PETE HEGSETH SHOULD BE IMPEACHED AND REMOVED FROM OFFICE BUT WHAT I THINK THE SENATOR FROM CONNECTICUT SAID IS APT. NOT THAT LONG AGO WE WERE TALKING ABOUT HOW REPREHENSIBLE IT WAS THAT AL QAEDA AND OTHER TERRORISTS WERE PUBLICLY BROADCASTING EX COUGS OF WESTERNERS AND WE ARE DOING THE SAME? THAT’S THE LEVEL OUR COUNTRY SEEMS TO HAVE FALLEN TO WITH THIS. KAILEY: THAT’S WHAT A REPUBLICAN CONGRESSMAN OF GEORGIA SAID. REPUBLICAN SENATOR JOHN CURTIS OF UTAH SAYS A CIVILIZATION ERODES WHEN IT CULTIVATES PUBLIC EXECUTIONS AS A FORM OF ENTERTAINMENT. EVEN THE VICE PRESIDENT C.D. VANCE SAYING HE WILL NOT WATCH IT. DO YOU LEAVE THIS WILL HAPPEN? RICK: THERE’S A CLEAR DISTINCTION BETWEEN A BUNCH OF JIHADISTS IN THE MIDDLE EAST WHO ARE EXECUTING AMERICANS WHO ONLY DEFENDED FREEDOM WHEREVER THEY’VE GONE AND THIS CRIMINAL. I DON’T THINK WE SHOULD BE COMPARING THOSE TWO OUTCOMES. THIS YES, THE ISSUE IS NOT THE PUNISHMENT IN THIS CASE BUT THE IDEA THAT SOMEHOW WE’RE GOING TO MAKE A SPECTACLE OF IT. I THINK IT’S INAPPROPRIATE. JEANNE’S RIGHT, IT’S ANOTHER STRIKE AGAINST THE SECRETARY OF WAR WHO IS ALREADY IN TROUBLE WITHED REPUBLICAN CONGRESS IN THE SENATE AND THERE ARE CALLS, EVEN WITHIN HIS OWN PARTY, TO IMPEACH HIM. IT’S NOT GOING TO GET ANY BETTER AND IT’S ALSO AN INCREDIBLE DISTRACTION AGAIN, IN AN ELECTION YEAR WHERE REPUBLICAN CANDIDATES ALL OVER THE COUNTRY ARE TRYING TO TALK ABOUT SOLUTIONS TO PEOPLE’S ECONOMIC ISSUES AND WE’RE SPENDING AN ENTIRE DAY TALKING ABOUT SOMETHING THAT, FRANKLY, WE SHOULDN’T EVEN BE ADDRESSING AT THIS STAGE. JOE: IT MAY NOT HAPPEN AT ALL. WE’VE ONLY GOT ABOUT A MINUTE LEFT. TPRESIDENT TRUMP ANNOUNCINGTHE NEW PRESS SECRETARY. HE CALLS HER A BIG FAN, DEVOTED FAN OF MAGA. GOOD PICK? >> WASN’T ON MY BINGO CARD, JOE. I WAS SURPRISED BUT I THINK IT ONCE AGAIN SPEAKS TO THE FACT THAT HE DEMANDS TOTAL LOYALTY. HE SEES NO DISTINCTION BETWEEN BEING WHITE HOUSE SECRETARY AND BEING PART OF TRUMP COMPANIES AND BUSINESSES AND THE TRUMP PERSONAL BRAND SO WISH HER WELL. IT’S GOING TO BE A DIFFICULT FEW MONTHS. JOE: I WONDER IF SHE’LL DO ANY BRIEFINGS? THANK YOU BOTH. BLOOMBERG POLITICS CONTRIBUTORS, HAVE A GREAT WEEKEND AND CHECK OUT THE WASHINGTON EDITION NEWSLETTER. ON THE TERMINAL AND ONLINE. KAILEY: IF YOU’RE IN THE PATH OF HURRICANE ISAIAS, STAY SAFE. WE’LL BE BACK MONDAY ON BLOOMBERG TV AND RADIO.