Trump Touts $54B South Korean LNG Plan in Alaska

>> BALANCE OF POWER LIVE FROM WASHINGTON, D.C.. KAILEY: NO EVIDENCE OF WRONGDOING. PRESIDENT TRUMP IS RADIOING CALLS FOR JEROME POWELL TO RESIGN FROM THE BOARD. MIKE MCKEE JOINS US WITH THE LATEST. FLOWING THROUGH. OIL FLOWS THROUGH THE STRAIT OF HORMUZ CLOSING IN ON PREWAR LEVELS. EVEN AS CRUDE HOLDS NEAR 00 PER BARREL. PRESIDENT TRUMP UNVEILED 200 BILLION DOLLARS IN SOUTH KOREAN INVESTMENT IN U.S. ENERGY PROJECTS INCLUDING NUCLEAR POWER AND NATURAL GAS IN ALASKA. FROM THE CONFLICT WITH THE RUN TO CONCERNS OVER AI, MEDLINE DEAN, JOINING US OF -- THIS HOUR. TV AND RADIO AUDIENCES WORLDWIDE, WELCOME TO BALANCE OF POWER. JOE: WE BEGIN AT THE WHITE HOUSE WERE PRESIDENT TRUMP WILL UNVEIL , MOMENTS AGO COME A MAJOR NEW INVESTMENT IN ANOTHER KEY MIDTERM BATTLEGROUND STATE, SIGNING AN EXECUTIVE ORDER IN THE OVAL OFFICE SURROUNDED BY LAWMAKERS ON SOUTH KOREA'S COMMITMENT. ROUGHLY $200 BILLION TO MAJOR U.S. ENERGY AND INFRASTRUCTURE PROJECTS INCLUDING $54 BILLION TO HELP BUILD A MASSIVE NATURAL GAS PIPELINE THEN DESK PORT -- EXPORT FACILITY IN ALASKA. >> WE ARE THRILLED TO ANNOUNCE ONE OF THE LARGEST INFRASTRUCTURE INVESTMENT IN AMERICAN HISTORY THANKS TO AGREEMENTS MY ADMINISTRATION SECURED WITH THE REPUBLICAN -- THE REPUBLIC OF KOREA. WE WILL BUILD A SIX GIGAWATT POWER GENERATION FACILITY IN TEXAS. THAT IS A MAJOR PLANT, ABOUT AS BIG AS YOU WILL SEE. EIGHT LARGE-SCALE NUCLEAR POWER PLANTS AND ALASKA LIQUEFIED NATURAL GAS PIPELINE. JOE: LET'S GO TO THE WHITE HOUSE FOR MORE WITH JENNIFER, WHO IS LIVE ON THE NORTH LAWN. THIS FOLLOWS A SIMILAR STYLE EVENT TO ANNOUNCE A MAJOR STEEL PLANT IN IOWA. IS THIS HOW YOU WIN MIDTERMS? >> THE ADMINISTRATION MIGHT BE COUNTING ON THAT AND THE PRESIDENT IN PARTICULAR MIGHT BE COUNTING ON THAT. WE SAW TRUMP TYPED THIS DEAL INVESTMENT IN IOWA, WHERE SEVERAL REPUBLICANS ARE LOCKED IN TIGHT REELECTION CONTESTS. THIS IS A HUGE WIN FOR THE STATE OF ALASKA AND PARTICULARLY FOR SENATOR SULLIVAN, THE REPUBLICAN INCUMBENT WHO IS TRYING TO HOLD ONTO HIS SEAT AND IS IN A TIGHT CONTEST AGAINST A FORMER DEMOCRATIC REPRESENTATIVE. SULLIVAN WAS PRAISED, THE EVENT IS ONGOING IN THE OVAL OFFICE BUT AS I LAUGHED -- AS I LEFT, THEY WERE HEAPING PRAISE ON DAN SULLIVAN WHO HAS BEEN A SQUEAKY WHEEL TRYING TO GET THIS DONE FOR YEARS. THEY WERE CREDITING HIM WITH THE DEVELOPMENT TODAY. KAILEY: SOMETHING ELSE THAT HAS BEEN ONGOING IS OPERATION INHERENT RESOLVE. THE PRESIDENT BEGAN HIS REMARKS BEFORE GETTING TO THE ENERGY ANNOUNCEMENT WITH A REITERATION THAT THE LAST AMERICAN FORCES ARE LEAVING IRAQ EFFECTIVE TODAY. HOW SIGNIFICANT IS THAT? >> TRUMP IS TRYING TO CONTRAST FORMER PRESIDENT BIDEN MAN THE WITH DRAWL FROM AFGHANISTAN THAT HE CAST AS BOTCHED. HE TOOK PAINS TO DESCRIBE HOW WE LEFT NO SCREW IN IRAQ AS WE LEAVE. IT DRAWS ATTENTION TO THE SITUATION IN IRAN, SEVEN MONTHS INTO A CONFLICT THE TRUMP ONCE PROMISED WOULD BE DONE VERY QUICKLY. KAILEY: JENNIFER, LIVE AT THE WHITE HOUSE, THANK YOU SO MUCH. NOW TO THE BIG NEWS OUT OF THE FEDERAL RESERVE, THE INSPECTOR GENERAL RELEASED A REPORT ON THE RENOVATION OF THE D.C. HAD ORDERS, FINDING NO EVIDENCE OF TERMINAL WRONGDOING IN THE $2.4 BILLION PROJECT WHILE IDENTIFYING STEPS THAT LED TO SURGING COSTS. ABOVE ATTACKED JAY POWELL, -- PRESIDENT TRUMP ATTACKED JAY POWELL, WRITING HE SHOULD BE FORCED TO RESIGN AND IF HE DOESN'T, HE SHOULD BE SUED BY THE U.S. GOVERNMENT FOR CORRUPTION OR INCOMPETENCE. FURTHERMORE, WE ARE JOINED BY MICHAEL MCKEE HE IN OUR WASHINGTON BUREAU. CORRUPTION, THE IG DIDN'T FIND. WHAT ABOUT INCOMPETENCE? >> I'M NOT GOING TO GET INTO THE ADJECTIVES BECAUSE YOU COULD DESCRIBE IT DIFFERENT WAYS. I'M SURE MEMBERS OF CONGRESS WILL LOOK AT IT THAT WAY BUT THEY DID FIND A LOT OF MINUTES AND ERRORS -- MANAGEMENT ERRORS THAT LED TO HIGHER COSTS. YOU CAN CRITICIZE THE FED, THE INSPECTOR GENERAL DIDN'T FIND ANY CORRUPTION OR ANY ADMINISTRATIVE MISCONDUCT SO IT IS UNCLEAR THAT THEY COULD FIND ANY CRIMINAL CHARGES AGAINST HIM. THAT DOESN'T MEAN THE ADMINISTRATION WON'T TRY. JAY POWELL IS NOT NAMED IN THE REPORT. THEY ONLY SPEAK ABOUT THE BOARD BUT HE WAS THE BOSS OF THE BOARD. IS THERE A CASE FOR THE ADMINISTRATION TRYING TO REMOVE POWELL BECAUSE OF THE MANAGEMENT MISSTEPS? YOU WOULD HAVE TO ASK A LAWYER WHETHER THAT WOULD WORK OR NOT. JOE: WHEN YOU READ THE PRESIDENT'S WORDS, YOU SHOULD BE FORCED TO RESIGN, THAT IS DIFFERENT THAN YOU ARE FIRED, WHICH IS A STATEMENT THE PRESIDENT IS ASSOCIATED WITH. WE REMEMBER THE VISITS WITH THE HARDHATS HERE. IS THIS OVER? KAILEY: THAT IS HARD TO SAY. >> THE FED WOULD LIKE IT TO BE OVER. KEVIN WARSH RESPONDED IN A LETTER TO THE INSPECTOR GENERAL THAT WAS RELEASED TO THE PRESS TODAY THAT BASICALLY SAID WHAT WE WILL DO IS IMPLEMENT MANY OF THE REFORMS YOU SAID AND WE WILL DO THAT IMMEDIATELY AND TAKE ON THE GENERAL SERVICES AND LUSTRATION AS A PARTNER IN MAKING SURE THAT AS THE CONSTRUCTION GOES FORWARD, WE AREN'T OVERSPENDING, WE ARE GETTING ACCURATE REPORTS ON WHAT IS GOING ON BECAUSE ONE OF THE MAIN CRITICISMS WAS, THEY LET THE STAFF HANDLE THIS AND THEY KEPT TELLING THE GOVERNORS COME EVERYTHING IS FINE. OBVIOUSLY IT WASN'T. JOE: GREAT TO HAVE YOU IN WASHINGTON, MICHAEL. WE TURN TO CAPITOL HILL WHERE THE SENATE IS WRAPPING UP ITS FINAL DAY OF VOTES BEFORE DEPARTING FOR THE MIDTERM RECESS . DEMOCRATS VOTED TO BLOCK TWO BILLS THAT PASSED IN THE HOUSE, ONE OF WHICH WOULD RESTRICT LAWMAKER STOCK TRADING AND WOULD HAVE INCLUDED AN UNRELATED VOTER ID RESTRICTION. IN THE RATE PAYMENT -- THE RATEPAYER ACT, AND WE WILL BRING IN ERIC LIVE ON CAPITOL HILL. EVERYONE IS GOING HOME? >> LOOKS THAT WAY. THERE ARE SOME NEGOTIATIONS BEHIND THE SCENES ABOUT FINISHING UP THE SECRETARY OF LABOR NOMINATION BUT THE DEMOCRATS BLOCKED TWO KEY PIECES OF LEGISLATION REPUBLICANS SET UP TO TRY TO MUDDY THE WATERS ON THE CAMPAIGN TRAIL. THE RATEPAYER PROTECTION ACT WAS NONBINDING. IT WOULD ASK STATE UTILITIES TO CONSIDER CHARGING DATA CENTERS A HIGHER RATE FOR UTILITY ELECTRICITY CONSUMPTION. I WOULD CALL IT MORE OF A STOCK PURCHASE LAND, A WATERED-DOWN VERSION OF A CONGRESSIONAL STOCK TRADING BAND THAT WOULD PREVENT LAWMAKERS FROM PURCHASING NEW STOCK BUT ALLOW THEM TO CONTINUE WITH THE EXISTING HOLDINGS AND SELL THEM WITH ADVANCE NOTICE. THIS, THEY CALLED IT A SHAM LEGISLATION AND THE VOTER ID REQUIREMENT WAS ATTACHED, REQUIRING VOTERS TO INCLUDE EVIDENCE OF A PHOTO ID. DEMOCRATS SAID THAT WOULD VIOLATE THE REQUIREMENT OF A SECRET BALLOT. REPUBLICANS ARE ATTACKING DEMOCRATS SAYING THEY AREN'T SERIOUS ABOUT REINING IN INSERTED OR -- INSIDER TRADING OR LOWERING UTILITY COSTS. KAILEY: I UNDERSTAND THERE IS MAY BE A DEAL TO BE HAD ON PERMITTING REFORM? SOMETHING THAT HAS BEEN CHASED FOR A LONG TIME. IT SEEMED LIKE IT WAS A DEAD EFFORT. IT HAS BEEN REVIVED. WHAT HAPPENS NEXT? >> WE HAVE AN AGREEMENT AMONG THE TWO KEY COMMITTEES, BASICALLY THIS DEAL WOULD ALLOW FOSSIL FUELS AND REPUBLICAN PRIORITY PERMITS TO GO FORWARD BUT RENEWABLES, ESPECIALLY RENEWABLES THAT HAVE BEEN HELD UP BY THE TRUMP, TO GO FORWARD. IT LOOKS LIKE A DEAL THAT COULD PASS CONGRESS BUT IT WILL NOT HAPPEN BEFORE THE ELECTION, WHICH IS A KEY PRIORITY OF THE MAJORITY LEADER AND OTHERS. THEY WANTED A VICTORY HEADED INTO THE ELECTION. DEMOCRATS ARE LOOKING AT POTENTIALLY ABOUT THE WEEK OF NOVEMBER 9. BREAKING NEWS FROM MY COLLEAGUE SAYING THE TOP DEMOCRAT IN THE HOUSE IS SAYING WAIT A MINUTE. IF WE WIN THE MIDTERMS WE WILL TRY TO RENEGOTIATE THIS AND GET BETTER TERMS ON RENEWABLES THAN WE HAVE HERE. THE PROVISIONS RELATED TO LAWSUITS ON FOSSIL FUELS THEY MAY WANT TO WATER DOWN. IT IS NOT DONE BUT THE SAGA OF PERMITTING REFORM IN THE NEXT FEW MONTHS MIGHT COME TO AN END. KAILEY: ADD IT TO THE OTHER -- THE LIST FOR THE LAME-DUCK SESSION. IN MARKETS, STOCKS EDGING LOWER IN THE FINAL TRADING DAY OF THE MONTH AND QUARTER, ERASING GAINS SPURRED BY SOFTER INFLATION DATA WITH TREASURY YIELDS CLIMBING FROM HISTORICALLY ELEVATED LEVELS. MICRON, REPORTING AFTER THE BATTLE. -- AFTER THE BELL. NORAH JOINS US LIVE FROM NEW YORK. >> WE END THE MONTH OF SEPTEMBER AND THE QUARTER, TAKING A LOOK AT THE BOND MARKET BECAUSE THAT IS WHERE THE ATTENTION HAS BEEN. THE 10 YEAR YIELD, SITTING AT ABOUT 5.28% AND AS WE CONTINUE TO SEE LONG AND YIELDS ELEVATED, IT HAS BEEN AN INTERESTING MONTH . ZOOMING OUT ON THE BOND MARKET, WE ARE STILL SEEING THIS PICTURE EVEN MORE STRIKING. THE 10 YEAR ESSENTIALLY, SEEING THE YIELDS ADDING TO MULTI-DECADE HIGHS AND THIS IS DUE TO INFLATION, DEBT, A LOT OF THE FED TIGHTENING IS IN FOCUS AS TO WHETHER WE WILL SEE ANOTHER RATE HIKE PORTS THE END OF THIS YEAR. STOCKS ARE SEEING THE PRESSURE TODAY AS WE KEEP AN EYE ON THE BROADER MARKET. A LATE DAY REVERSAL BUT THE S&P 500 COMMANDING LOWER BY ZERO POINTS 3%. THE S&P 500, LOGGING ITS WORST MONTH SINCE JUNE AND TECH OUTPERFORMING ON THE DAY. INVESTORS FOCUSED ON WHAT WE GOT OUT OF THE CLOSING BELL, EARNINGS FROM MICRON WHERE THE SHARES OF MICRON ARE LOWER BY 0.9% IN THE POST-MARKET TRADE. THE QUESTION FOR MICRON AMTEK, HOW LONG CAN THIS GROWTH CONTINUE? AI IS AN UNPRECEDENTED MEMORY DEMAND. BUT I WANT TO LEAVE YOU WITH THREE MOVERS THAT WERE INTERESTING. APPLE PUSHING INTO SMART HOME AND WE KNOW THIS IS A SPACE DOMINATED BY AMAZON, GOOGLE BUT THEY WILL BE RELEASING OCTOBER 13, AND APPLE SMART HOME. SHARES OF APPLE ENDED HIGHER BY 1.1%. STICKING WITH TECH, HP BOOSTED THE FORECAST SO PUSHING SHARES HIGHER. THEY ANNOUNCED A BILLION ORDER FROM CLOUD COMPANY VAULTER, GIVING SIGNALS THAT IT IS BENEFITING FROM THE AI BUILDOUT. PARAMOUNT SKYDANCE, WE HAVE FOLLOWED THIS FOR SOME TIME, A CALIFORNIA JUDGE CLEARING THE WAY FOR THE MERGER BETWEEN ROB -- WARNER BROS. DISCOVERY AND GUIDANCE. SHARES WERE HIRED AND THE DAY. -- WERE HIGHER ON THE DAY. JOE: MICRON MOVING AFTER HOURS. THE DATACENTER FIGHT, EXPOSING A DIVIDE BETWEEN THE HOUSE AND SENATE. DEMOCRATIC CONGRESSWOMAN MEDLINE DEAN, ON WHAT IS NEXT, ON BLOOMBERG TV AND RADIO. >> IF THE ARGUMENT WAS CORRECT, WHY DID ALMOST EVERY DEMOCRAT VOTE FOR THIS? 200 SOME DEMOCRATS VOTED FOR THIS. THE ARGUMENT FALLS APART. THEY ARE RESISTING TO TRY TO GET SOME EGG ON THE FACE OF A POLITICAL OPPONENT. IT IS ABOUT GETTING COSTS UNDER CONTROL. JOE: THIS IS BALANCE OF POWER. WE SPOKE WITH REPUBLICAN SENATOR TED BUDD, CRITICIZING MINORITY LEADER CHUCK SCHUMER FOR WHAT APPEARS TO BE A STRATEGY IN BLOCKING THE HOUSE PAST RATEPAYER PROTECTION ACT. ON THE SENATE'S LAST DAY BEFORE THE MIDTERMS. RUNNING US FOR MORE -- JOINING US FOR MORE IS CONGRESSWOMAN MADELEINE DEAN OF PENNSYLVANIA. LOVELY TO SEE YOU IN PERSON. WELCOME. WHAT DO YOU MAKE OF THIS? DEMOCRATS SAID IT WAS A TOOTHLESS BILL AND WE ARE NOT GIVING JOHN HOUSTON THE WIND BEFORE NOVEMBER. IS THIS THE WAY POLITICS WORKS? REP. DEAN: I WAS JUST LEARNING ABOUT IT WITH YOUR REPORTING. WHAT I SEE IS TOO LITTLE, TOO LATE. LOOK WHERE WE ARE, 34 DAYS OUT FROM AN ELECTION GRADE WE SHOULD HAVE BEEN DEALING WITH DATA CENTERS AND AI AND THE WAR IN IRAN. THE ECONOMY. WHAT IS DRIVING PRICES UP SO HIGH FOR MY CONSTITUENTS. WE SHOULD HAVE BEEN DEALING WITH THESE THINGS. THE SPEAKER OF THE HOUSE GOT US OUT OF TOWN TWO AND A HALF WEEKS AGO RATHER THAN DEAL WITH THE ISSUES. PEOPLE NEED TO GET BACK HOME AND TRY TO MAKE THEIR CASE FOR REELECTION OR ELECTION AND THAT IS WHAT I'M FOCUSING ON NOW. KAILEY: THIS SPEAKER WAS IN TOWN YESTERDAY. HE PARTICIPATED IN THE LUNCH AT THE WHITE HOUSE THE PRESIDENT HELD ALONGSIDE TITANS OF TECHNOLOGY AND AI SIGNED ONTO THE AGREEMENT, THE PRESIDENT DESCRIBED IT AS MORALLY BINDING IT IS THAT ENOUGH TO REGULATE THIS TECHNOLOGY? REP. DEAN: OF COURSE NOT. IT IS AN ABSURDITY. GOVERNMENT HAS A ROLE TO PLAY. I WANT TO GO BACK TO THE AI TITANS AND SUDDENLY IN THE LAST FEW WEEKS ARE WARNING OF THE DIRE POSSIBLE CONSEQUENCES OF AI GETTING CONTROL AND POSSIBLY ELIMINATING MANKIND. IT IS AN ABSURDITY. THESE FOLKS WHO DEVELOPED THE TECHNOLOGY HAVE A RESPONSIBILITY TO POLICE THEMSELVES OF COURSE, BUT TO BE IN PARTNERSHIP WITH GOVERNMENT. WE HAVE A ROLE TO PLAY HERE. I DON'T UNDERSTAND, AND I'M VERY SKEPTICAL OF THE PRESIDENT SITTING THERE WITH ALL OF THESE FOLKS AND SAYING YOU JUST DO IT, YOU TAKE CARE OF IT. THEY HAVE A MORAL RESPONSIBILITY AND A LEGAL RESPONSIBILITY. I USED TO BE A TRIAL LAWYER. IF YOU CREATE SOMETHING AND IT INJURES SOMEONE,. PRODUCT LIABILITY AT A MINIMUM. THIS IS A LIABILITY ABOUT MANKIND. THE SPEAKER IS SITTING THERE WITH THE PRESIDENT. THAT WAS A PASS TO THE PRESIDENT OR I GUESS THE SPEAKER HAS TO OFFER A PASS. THE SPEAKER IS SAYING WE ARE TOOTHLESS AND SPINELESS, WE HAVE GIVEN OVER OUR RESPONSIBILITY. I WILL TELL YOU THAT IN THE DEMOCRATIC CAUCUS WE KNOW WE HAVE TO DO WORK ON AI. WE KNOW WE HAVE TO PARTNER WITH INDUSTRY AND WITH LOCAL AREAS AROUND DATA CENTERS. TO SAY THERE IS NOTHING WE CAN DO, I WANT VIEWERS TO KNOW MANY MEMBERS OF CONGRESS, BOTH SIDES OF THE AISLE, HAVE BEEN WORKING ON AI. SMART PEOPLE HAVE PUT TOGETHER PROPOSALS FOR LEGISLATION. WE CAN DO THIS. IT IS NOT LIKE WE WOULD BE STARTING FROM SCRATCH. THERE IS WORK TO BE DONE AND IT NEEDS TO BE DONE IN PARTNERSHIP WITH INDUSTRY AND GIVING THEM THE GUARDRAILS. WHAT IS IN IT FOR THE PRESIDENT TO SAY GOVERNMENT HAS NO ROLE WAY? JOE: WE HAVE TALKED TO SEVERAL REPRESENTATIVES. THEY HAVE AI REGULATION THEY HAVE BEEN TRYING TO PASS. JOHN KENNEDY TALKED ABOUT HIS KILL SWITCH. WHILE YOU WERE TALKING, WE WERE JUST SHOWING REMARKABLE IMAGERY IN THE WHITE HOUSE DRIVEWAY. PRESIDENT TRUMP SURROUNDED BY THE RICHEST PEOPLE IN THE WORLD, ARGUABLY THE MOST INTELLIGENT BUT THE PEOPLE WHO ARE BEHIND THIS TECHNOLOGY. WE WILL LOOK BACK ON THESE IMAGES SOMEDAY. WHAT WILL WE SAY? DID THEY CHOOSE WISELY TO SURROUND THEMSELVES WITH THIS ADMINISTRATION? REP. DEAN: YOU ARE JUDGED BY THE COMPANY YOU KEEP IN THE PRESIDENT LIKES TO BE IN THE COMPANY OF RICH PEOPLE AND ASPIRES TO BE RICHER THAN HE IS. THAT IS NOT SERVICE TO THIS COUNTRY. JOE: THEIR POWER GOES BEYOND WELL. REP. DEAN: IT IS A GLOBAL POWER. IS IT -- IT IS ECONOMIC AND GLOBAL. IT IMPACTS GLOBAL CONFLICT. I THINK WE WILL LOOK BACK ON THIS AND SAY SHAME ON THIS ADMINISTRATION. SHAME ON YOU, BUSINESS LEADERS FOR NOT HOLDING THE ADMINISTRATION TO ACCOUNT. TO SAY WE HAVE A PROBLEM AND WE NEED TO DO SOMETHING ABOUT IT AND THEN TAKE PHOTOGRAPHS WITH THE PRESIDENT BECAUSE THE PRESIDENT SAYS HANDS OFF. IT IS WHAT MY CONSTITUENTS ARE CONCERNED ABOUT, THE TOTAL CHAOS , THE CRUELTY OF THIS ADMINISTRATION AND THE CORRUPTION. WE ARE LOOKING AT OOZING CORRUPTION. KAILEY: WHEN YOU TALK ABOUT WHAT THE ADMINISTRATION MAY HAVE TO GAIN AND WHY THEY MIGHT BE PUSHING FOR A LIGHTER REGULATORY TOUCH, THE PRESIDENT MIGHT ARGUE HE WANTS TO WIN THE RACE AGAINST CHINA. YOU SIT ON THE FOREIGN AFFAIRS COMMITTEE. HIS CHINA GRAVE ENOUGH THREAT THAT THAT NEEDS TO BE CONSIDERED REGARDING REGULATIONS? WHY REGULATE OF CHINA MAY NOT? REP. DEAN: I WOULD REVERSE THE ARGUMENT. WE HAVE TO BE KEENLY AWARE OF WHAT CHINA IS DOING AND HOW IT IS EXPANDING AND HOW THROUGH GOVERNMENT POWER AND INTERVENTION, WE MUST COME. BUT THAT DOESN'T GIVE A PASS TO THE GOVERNMENT, TO THE HEAD OF THE GOVERNMENT, THE U.S. PRESIDENT SAYING YOU GUYS JUST TAKE CARE OF THIS. THAT IS ABDICATING OUR ROLE AREA THAT IS WHAT HE HAS DONE IN EVERY SECTOR, ABDICATING OUR ROLE TO KEEP US SAFE. THE PRESIDENT'S JOB IS TO DO TWO THINGS, KEEP THE UNITED STATES CITIZENS SAFE AND MAKE SURE THE LAWS ARE EFFECTIVELY EXECUTED. THAT IS IT. NOT MAKE MONEY AND MAKE BUDDIES WITH BILLIONAIRES. JOE: I WANT TO TALK ABOUT IRAN FOR A MOMENT. WITH IT -- WE HAVE BEEN ENGAGED SINCE THE BEGINNING AND THE PRESIDENT SAID IT WILL NOT END UNTIL IMMEDIATELY AFTER THE MIDTERMS, SUGGESTING IRAN IS USING THE MIDTERMS AS LEVERAGE. DO YOU SHARE THE PESSIMISM WILL THAT IT WILL TAKE THAT LONG OR THE OPTIMISM IT WILL END IN NOVEMBER? REP. DEAN: THIS IS THE PRESIDENT WHO TOOK US TO WAR ALONGSIDE NETANYAHU. HE STRUCK. WE STRUCK IRAN. AND WE THINK IRAN IS GOING TO TALK TO US AFTER WE GET THROUGH A MIDTERM? THAT IS A TOTAL ABDICATION OF HIS RESPONSIBILITY, TO DIPLOMATICALLY BRING AN END TO THIS. THIS WAR HAS BEEN SO COSTLY. 18 AMERICAN SERVICE MEMBERS HAVE DIED. IT IS POSSIBLE, YOU HAVE SEEN THE REPORTING, THERE ARE FOUR OR FIVE MORE BUT THE ADMINISTRATION HAS NOT BEEN UPFRONT ABOUT IT. THE PRESIDENT IS SAYING THAT FOR TWO REASONS. HE HAS MEMBERS OF THE REPUBLICAN PARTY WHO ARE IN FREEFALL IN THEIR ELECTIONS TRYING TO DISTANCE THEMSELVES. REPUBLICANS ARE SAYING WE NEED TO END THE WAR. IN THE LAST WEEKS OF THE ELECTION CYCLE THEY ARE SAYING WE NEED TO END THE WAR. WE HAVE BEEN SAYING THAT ALL ALONG. BUT THE PRESIDENT DOESN'T KNOW HOW TO GET OUT OF THIS. MY PLEA IS, BRING IN THE REAL DIPLOMATS. NOT JARED KUSHNER OR STEVE WITKOFF. I DON'T THINK THEY ARE EVEN CURRENTLY ENGAGED ON THIS. BRING IN SERIOUS DIPLOMATS WHO KNOW HOW TO GET OUT OF THIS SO OUR ECONOMY, SOMETHING YOU GUYS FOCUS ON, SO OUR ECONOMY CAN IMPROVE AND PEOPLE CAN PAY LESS FOR GAS IN MONTGOMERY AND BERKS COUNTY, PENNSYLVANIA. , LESS FOR GROCERIES, SO THEY CAN FEEL SECURE IN THE FUTURE FOR THEIR CHILDREN. SO THEY CAN AFFORD COSTS OF LIVING. THE PRESIDENT IS IT A BOX OF HIS OWN MAKING. HE DOESN'T KNOW HOW TO GET OUT OF THIS WAR. IN THE -- AND THE NONSENSE THAT IRAN WILL WANT TO TALK TO US AFTER THE MIDTERMS COMING IRAN DOESN'T CARE ABOUT HIM MIDTERMS -- ARE MIDTERMS. KAILEY: LAST AMERICAN FORCES HAVE LEFT IRAQ. DOES THE PRESIDENT DESERVE CREDIT FOR THAT? JOE: REP. DEAN: I UNDERSTAND THAT THAT WAS A TIMELINE DEVELOPED BY PRESIDENT BIDEN AND PRESIDENT TRUMP FULFILLED THE TIMELINE. SO THAT IS SOMETHING YOU CAN SAY ACROSS TWO AND MINISTRATIONS, -- ADMINISTRATIONS, IT WAS COMPLETED. BUT YOU HAVE TO THINK ABOUT THE 4500 AMERICANS WHO LOST THEIR LIVES, THE MORE THAN 100,000 CITIZENS WHO LOST THEIR LIVES THERE. THE DISRUPTION, AND THE CHAOS OF IT. SO I HONOR ALL THOSE WHO SERVED. I HONOR THE FAMILIES OF THOSE WHO HAVE FALLEN. BUT MAYBE THERE IS SOMETHING WHERE ACROSS TWO ADMINISTRATIONS, SOMETHING WAS COMPLETED. BUT LOOK WHERE WE ARE IN THE REGION. WE ARE STILL AT WAR WITH IRAN. KAILEY: CONGRESSWOMAN MADELEINE DEAN IN OUR WASHINGTON STUDIO, THANK YOU FOR JOINING US. AS WE WERE DISCUSSING WITH THE CONGRESSWOMAN, AI IS GETTING MORE POWERFUL BY THE DAY. WASHINGTON'S ABILITY TO INDEPENDENTLY TEST THE TECHNOLOGY WRISTS -- RISKS FALLING BEHIND. FRANCIS DESOUZA, ON HIS PUSH TO CLOSE THE GAP. THIS IS BALANCE OF POWER ON BLOOMBERG TV AND RADIO. >> I FEEL LIKE YOU DON'T NEED, AT LEAST FOR THE ANTHROPICS OF THE WORLD, YOU DON'T NEED LEGISLATION OR THE GOVERNMENT TO PROTECT THEM FROM DOING SOMETHING STUPID. YOU WOULD HOPE YOU WOULDN'T. IT'S A BIT LIKE A PHARMA COMPANY. YOU DON'T RELEASE A DRUG TO THE WORLD, MAY BE IN THE CASE OF A DRUG YOU HAVE GOVERNMENT OVERSIGHT. BUT THERE'S HUGE DISINFECT OR TO PUT OUT A PRODUCT THAT WILL DESTROY THE WORLD -- DISINCENTIVE TO PUT OUT A PRODUCT THAT WILL DESTROY THE WORLD. KAILEY: I'M KAILEY LEINZ ALONGSIDE JOE MATHIEU. I WAS PERSHING SQUARE CEO BILL ACKMAN DIVING INTO THE DISCUSSIONS AROUND AI SELF-GOVERNANCE. AS WASHINGTON RACIST TO KEEP UP WITH INCREASINGLY POWERFUL AI, ANOTHER ONE OF THE INDUSTRY'S TOP EXECUTIVES IS SAYING THE GOVERNMENT COULD BE BADLY OUTMATCHED WHEN IT COMES TO TESTING THE TECHNOLOGY. SCALE AI CEO FRANCIS DESOUZA SAYS WASHINGTON CAN'T TAKE RISKS IT CAN'T MEASURE CALLING FOR INDEPENDENT TESTING OF FRONTIER MODELS BEFORE THEY ARE DEPLOYED HE. SAYS THE GOVERNMENT IS NOT SPENDING NEARLY ENOUGH. FRANCIS IS JOINING US NOW. THANK YOU SO MUCH FOR BEING WITH US ESPECIALLY ON THE DAY AFTER WE SAW THIS GATHERING AT THE WHITE HOUSE OF PRESIDENT TRUMP IN THE BIG AI AMTEK EXECUTIVES SIGNING ONTO THIS VOLUNTARY AGREEMENT TO DO SELF POLICING, INTERNAL CHECKS AND EXTERNAL CHECKS. IS THAT ADEQUATE? >> FIRST OF ALL, THANK YOU FOR HAVING ME. AS WE POLICY, IT IS BECOMING CLEAR WE DO NEED ADDITIONAL VISIBILITY INTO WHAT THE MODELS CAN DO, AND THAT WE NEED ADDITIONAL SECURITY AND GUARDRAILS AS THE MODELS ARE DEVELOPED AND RELEASED. WHAT WE ARE SEEING OUR STEPS IN THAT DIRECTION. COMING OUT OF THE ACCORDS, THE COMPANIES ARE INCREASING THEIR OWN EVALUATIONS OF THEIR MODELS, BUT ALSO TO HAVE INDEPENDENT EVALUATORS TRUST THE MODELS. I THINK IT'S IMPORTANT IN TERMS OF REBUILDING CONFIDENCE WITH THE PUBLIC, AS WELL AS PROVIDING SAFETY FOR GOVERNMENT TO HAVE INDEPENDENT VIEWS INTO WHAT THE MODELS ARE CAPABLE OF AND WITH THE RISKS ASSOCIATED WITH EACH MODEL ARE. THIS IS NOT JUST THE FRONTIER MODELS. THIS IS THE OPEN-WEIGHT'S MODELS AND ALL THE MODELS THAT EXIST. JOE: I'M CURIOUS, WHAT IS BETTER FOR YOUR BUSINESS? MAYBE YOU JUST ANSWERED THAT. IF THERE IS NO REGULATION COMING OUT OF WASHINGTON, DOES THAT NEED MORE -- MEAN MORE GROWTH AS COMPANIES NEED TESTING BEFORE THEY GET OUT, THE DOOR OR THE GOVERNMENT WILL NEED TESTING BECAUSE THERE'S NO REGULATION TO CONTROL THE RELEASE OF THESE MODELS? >> WHAT WE DO AS A BUSINESS IS ONE, PROVIDE DATA TO MODEL COMPANIES TO HELP DEVELOP THEIR MODELS. AS WE CONTINUE TO SEE MORE MODELS DEVELOPED, THE DEMAND FOR DATA CONTINUES TO GO UP. AS THE MODELS GET MORE SOPHISTICATED, THERE IS MORE DEMAND FOR DATA. WE ALSO GET GOVERNMENTS AND COMPANIES TO DEPLOY AGENTIC WORKFLOWS AND PUT GUARDRAILS AROUND THE WORKFLOWS TO ENABLE THEM TO DO MORE, MORE CHEAPLY, AND WORK ACROSS MODELS AND ACROSS CLOUD. THE THIRD IS WE PROVIDE EVALUATIONS FOR GOVERNMENTS AND ENTERPRISES TO EVALUATE WHAT THE MODELS CAN DO. FROM OUR PERSPECTIVE, WE ARE ABOUT PROVIDING THE RELIABILITY LAYER FOR AI, AND WHETHER GOVERNMENTS DO IT OR COMPANIES DO IT, THAT IS OUR BUSINESS AND WE EXPECT THAT BUSINESS TO CONTINUE TO BE MORE IMPORTANT FOR COMPANIES AS WE DEPLOY MORE AI IN ORGANIZATIONS. KAILEY: FOR ALL THE DATA AND EVALUATIONS YOU CONDUCTED, YOU SEE MERIT IN THE ARGUMENT SOME OF THE COMPANIES ARE MAKING ABOUT THE NEED TO PACE THE TECHNOLOGY. IS IT DEVELOPING AND ADVANCING TO SUCH AN EXTENT THAT IT DOES POSE A GRAVE THREAT TO THE PUBLIC? >> FROM OUR PERSPECTIVE, WE BELIEVE THAT WE NEED AN EVIDENCE-BASED STRATEGY. INSTEAD OF FACING OUR STRATEGY, REGULATORY STRATEGY, OR THE PACE AT WHICH WE DEVELOP MODELS ON HOPES AND FEARS, WE NEED A CLEAR UNDERSTANDING OF WHAT THE MODELS ARE CAPABLE OF, WHAT THE RISKS ARE, AND THEN USE THAT TO GUIDE WHAT MEDICATIONS WE TAKE. WE NEED TO UNDERSTAND, IS THERE A PART OF THE MODELS THAT ARE GETTING AHEAD OF OUR ABILITY TO MITIGATE AGAINST THEM AND THEN TAKE APPROPRIATE ACTION. KAILEY: IS THERE? ARE WE THERE YET? FRANCIS: WE NEED TO VISIBILITY FIRST. WE NEED COMPREHENSIVE TESTING OF THESE MODELS TO UNDERSTAND THEIR CAPABILITIES, AND THEN THERE ARE RISKS ACROSS MULTIPLE DOMAINS. SABER, BIOLOGY, RADIOLOGY. THAT'S WHAT WE NEED FIRST. WHAT ARE THE RISKS THE MODELS BRING UP AND ACT ON IT? WITHOUT VISIBILITY, WE ARE MOVING AROUND IN THE DARK TRYING TO UNDERSTAND WHAT IT IS WE'RE TRYING TO MITIGATE AGAINST. JOE: WE ARE SEEING REMARKABLE HEADLINES ACROSS THE TERMINAL ON BEHALF OF THE WALL STREET JOURNAL. ABOUT THE GATHERING MENTION TODAY AT THE WHITE HOUSE, WHO'S WHO OF AI INCLUDING DARIO AMODEI, THE FIRST ONE WHO WROTE THE ESSAY AND GOT THE DEBATE REINVIGORATED. HE WAS CONFRONTED BY OTHER AI EXECUTIVES BY HIS COMMENTS AT THE WHITE HOUSE, QUESTIONING EXACTLY WHAT IT WAS HE SAID. EVEN JENSEN HUANG QUESTIONING WHY HE WAS SO EXTREME IN PUBLIC ABOUT THE POTENTIAL DANGERS OF AI. DID DARIO AMODEI GO TOO FAR BASED ON WHAT YOU'VE SEEN? FRANCIS: HERE'S WHAT WE ARE SEEING. WE ARE SEEING VERY SMART PEOPLE HAVE VERY DIFFERENT OPINIONS ON THIS TOPIC. THEY ARE BOTH VALID. ONE GROUP IS SAYING THE BENEFITS AI CAN BRING ARE SO IMPORTANT IN TERMS OF ADVANCING OUR UNDERSTANDING OF DISEASE, HELPING COMBAT CLIMATE CHANGE THAT WE HAVE A MORAL OBLIGATION TO MOVE AS QUICKLY AS POSSIBLE. 10 MILLION PEOPLE A YEAR DIE OF CANCER. IF WE CAN HELP DEVELOP CURES, WE NEED TO MOVE AS QUICKLY AS POSSIBLE. THE OTHER SIDE IS SAYING IT'S VERY RISKY SO WE NEED TO MOVE MORE SLOWLY UNTIL WE CAN MITIGATE THE RISKS. THE REALITY IS THE TRUTH IS SOMEWHERE IN BETWEEN. WE NEED TO ACTUALLY UNDERSTAND THE RISKS THAT ARE POSED AND UNTIL WE DO THOSE ASSESSMENTS AND SAY THIS IS THE RISK PROPOSED THE MODELS CAN BRING AND THEN WE MITIGATE THEM. BUT WE CAN'T MITIGATE SOMETHING IF WE DON'T FULLY KNOW WHAT THE RISK IS. WE ARE TRYING TO SLOW THINGS DOWN WITHOUT FULLY UNDERSTANDING WHY IT ALSO NOT THE RIGHT THING TO DO AS IS GOING TO QUICKLY IF WE KNOW THERE'S A RISK. OUR APPROACH IS LET'S HAVE AN EVIDENCE-BASED DISCUSSION. LET'S UNDERSTAND WHAT THE MODELS CAN DO, WHAT THE RISK IS, AND THEREFORE WHAT THE RIGHT MITIGATION IS. WE ALL WANT TO MOVE AS QUICKLY AS WE CAN, AS RESPONSIBLY AS WE CAN. KAILEY: HOW MUCH OF YOUR ASSESSMENT HAS FOCUSED ON OPEN-WEIGHT MODELS, LIKE WHERE CHINA IS FOCUSING ON, AND DO YOU SEE THEM POSE A RISKS LIKE WE ARE TALKING ABOUT? I JUST WONDER WHAT YOUR COMPARISON IS OF THE TWO DIFFERENT SYSTEMS. FRANCIS: I THINK THAT'S A REALLY IMPORTANT POINT. I THINK OPEN-WEIGHT MODELS HAVE NOT BEEN ENOUGH IN THEIR DISCUSSION. A LOT OF THE CONVERSATION HAS BEEN AROUND ASSESSING FRONTIER MODELS FOR PACING THE FRONTIER. BUT I THINK WE ARE MISSING THE BIG POINT WHICH IS A LOT OF PEOPLE ARE USING OPEN-WEIGHT'S MODELS. WE NEED TO UNDERSTAND THE CAPABILITY OF THOSE MODELS AND THE RISK THOSE MODELS POSE. A COMPREHENSIVE STRATEGY IS TO COVER ALL MODELS, WHICH IS TO SAY IT'S NOT ABOUT TESTING THE FRONTIER MODELS, IT'S ABOUT TESTING ALL THE MODELS AND UNDERSTANDING THE RISKS. THE RISKS COULD BE ACROSS A NUMBER OF FRONTS. IT COULD BE CYBER RISKS. IT COULD ALSO BE THE BIASES BUILT INTO THE MODEL AND HOW DECISIONS ARE MADE. WE POSED EVALUATION THAT SHOWS IN A CLINICAL ENVIRONMENT, JUST EVALUATING ON THE ACCURACY OF THE DIAGNOSIS IS NOT ENOUGH. SO MODELS CAN GET THERE BY SKIPPING A BUNCH OF STEPS AND GUESSING THE ANSWER. WHEN YOU ARE EVALUATING A CLINICAL MODEL, YOU LOOK AT ACCURACY, BUT YOU LOOK AT OTHER FACTS INCLUDING, DID THEY FOLLOW ALL THE STEPS TO GET TO THE RIGHT ANSWER? BECAUSE IF THEY DIDN'T, THAT'S NOT GOOD ENOUGH. WHETHER IT'S A FRONTIER MODEL OVER AND OPEN-WEIGHT'S MODEL, YOU NEED TO RUN THOSE EVALUATIONS. I DON'T THINK THAT'S PART OF THE CONVERSATION ENOUGH. JOE: THE CEO OF SCALE AI, FRANCIS DESOUZA. THANK YOU FOR BEING WITH US ON BLOOMBERG. WOMEN TERMS ENTERING THE FINAL SPRINT, FIVE WEEKS TO GO AS PRESIDENT TRUMP GEARS UP TO HIT THE CAMPAIGN TRAIL. SOME OF THE BIGGEST SENATE RACES SHIFTING BENEATH BOTH PARTIES' FEET. NEW POLLING, CAMPAIGN HEADACHES AND THE FIGHT, ON BALANCE OF POWER ON BLOOMBERG TV AND RADIO. >> YOU GOT TO VOTE. YOU GOT TO VOTE. YOU GOTTA JUST THINK, BECAUSE, EVEN IF YOU DON'T LIKE SOMEBODY SO MUCH, IT DOESN'T MATTER. IT'S A VOTE FOR GOOD THINGS. YOU MAY NOT LOVE YOUR CONGRESSPERSON, YOUR SENATE. BUT LIKE IN MICHIGAN ARE YOU GOING, TO VOTE FOR A GUY WHO IS A COMMUNIST? IT'S RIDICULOUS. JOE: BALANCE OF POWER ON BLOOMBERG TV AND RADIO, I'M JOE MATHIEU ALONGSIDE KAILEY LEINZ IN WASHINGTON WHERE WE HEARD THE PRESIDENT TALK ABOUT, YOU HAVE TO SUPPORT THEIR CANDIDATE EVEN IF YOU DON'T LIKE THEM. DEPRESSION SET TO BEGIN A WHIRLWIND 32 DAY CAMPAIGN TO HER IN A FINAL BOOST TO CANDIDATES AROUND THE COUNTRY. BLOOMBERG'S WHITE HOUSE CORRESPONDENT JEFF MASON. I WANT TO ASK ABOUT THE CONVERSATION YOU JUST HAD WITH THE PRESIDENT ABOUT A COUPLE OF THINGS. YOU ARE GENERATING HEADLINES ON THE TERMINAL FROM INSIDE THE OVAL AS THE PRESIDENT MAKES CLEAR TO YOU THAT A DIESEL EXPORT BAN IS STILL ON THE TABLE. HE SAID THINKING ABOUT IT. HE ALSO MADE NEWS ON THE FED. REPORTER: HE SURE DID. HE TALKED ABOUT BOTH OF THOSE THINGS AND A BUNCH OF OTHER TOPICS. WHEN I ASKED ABOUT THE FED WAS IN RESPONSE TO HIS POST ON SOCIAL MEDIA EARLIER TODAY, WITH REGARD TO THE INSPECTOR GENERAL'S REPORT ABOUT THE FED AND OVER ON RENOVATIONS THERE. HE HAD SAID HE WOULD LIKE TO SEE JAY POWELL FORCED TO RESIGN. I ASKED HIM IF HE WANTED KEVIN WARSH WHO IS NOW THE CHAIR OF THE FED TO HELP WITH THAT. THIS IS PART OF WHAT HE SAID. >> IT'S HORRIBLE WHAT THEY'VE DONE. HE'S INCOMPETENT. A MAN THAT'S INCOMPETENT SHOULD NOT BE SITTING ON THE FEDERAL RESERVE BOARD. I'M SURE THAT TODD AND EVERYBODY IS GOING TO BE LOOKING. BECAUSE THE REPORT WAS A PRETTY BAD REPORT. THE REPORT SAID THEY DID A BAD JOB, THEY DIDN'T KNOW WHAT THEY WERE DOING. REPORTER: HE ALSO SAID KEVIN WARSH WOULD DO HIS OWN THING, SO THAT MAY HAVE BEEN AN EFFORT TO NOT PUT PRESSURE ON WARSH OVER THIS, WHO WAS HIS HAND-PICKED CHOICE TO LEAD THE FED. BUT OBVIOUSLY STILL A LOT OF STRONG FEELINGS ABOUT JAY POWELL. KAILEY: SPEAKING OF STRONG FEELINGS, I KNOW THE ENERGY SECRETARY CHRIS WRIGHT AND INTERIOR SECRETARY DOUG BURGUM, WHO WERE BOTH IN THE OVAL, HAVE SOME DIFFICULTIES WITH THE DIESEL. THE PRESIDENT STILL SUGGESTED HE IS THINKING ABOUT IT. REPORTER: THAT WAS INTERESTING. I ASKED IF HE WAS PLANNING ON BANNING DIESEL EXPORTS WHICH IS SOMETHING THEY WERE THINKING ABOUT, AND THE SETTING OR TABLEAU WAS FASCINATING. AS YOU SAID, THE ENERGY SECRETARY, THE INTERIOR SECRETARY STANDING THERE AS WELL AS ENERGY EXECUTIVES. TAKE A LOOK AT OUR INTERACTION ON THE. MR. PRESIDENT, HAVE YOU DECIDED TO BAND DIESEL EXPORTS? >> DIESEL? REPORTER: DIESEL EXPORTS. >> I'M THINKING ABOUT IT. I SPEAK TO CHRIS AND DOUG ABOUT IT A LOT. THEY SERVE THINK IT WILL HELP DIESEL BUT IT MIGHT RAISE THE PRICE OF OTHER THINGS. I THINK WE ARE IN A GOOD PLACE BECAUSE OIL PRICES ARE GOING TO START TO COME DOWN. TREMENDOUS OIL IS COMING OUT OF THE HORMUZ STRAIT NOW. WE ARE LITERALLY RUNNING IT. WE HAVE TOTAL CONTROL. REPORTER: SO, NOT RULING IT OUT, BUT ALSO NOT SAYING IT'S A DONE DEAL. WE HAVE ANOTHER FURTHER INTERACTION AFTER THAT WITH SECRETARY WRIGHT WHO INDICATED THERE WOULD BE AN ANNOUNCEMENT COMING SOON FROM EUROPE. STAY TUNED ON WHAT THAT MIGHT BE REFERENCING. IT MAY HAVE SOMETHING TO DO WITH DIESEL RELEASES AND THAT WOULD PERHAPS LESSEN THE PRESSURE ON THE PRESIDENT TO DO SOMETHING ABOUT DIESEL EXPORTS. KAILEY: JEFF MASON AT THE WHITE HOUSE, FRESH OUT OF THE OVAL OFFICE PRESIDENT TRUMP. THANK YOU. JOINING US THIS THIS EVENING'S POLITICAL PANEL. ADAM HODGES WITH THOSE AND BLOOMBERG POLITICS CONTRIBUTOR, ALONGSIDE LESLIE SHEDD, FOUNDER OF RISING COMMUNICATIONS AND UN-NON-RESIDENT FELLOW AT THE ATLANTIC COUNCIL. THE PRESIDENT HAS HAD A BUSY FEW DAYS IN WASHINGTON. BUT HE WILL BE ON THE ROAD TOMORROW AND FOR MANY DAYS. HEADING TO TEXAS AND OKLAHOMA. AFTER THAT ALABAMA. HE WILL BE IN NEBRASKA MONDAY. ALL OF THESE TRADITIONALLY RED STATES. IS THAT WHERE HE'S OF THE MOST USED? >> I THINK RIGHT NOW, YES. ONE OF THE BIGGEST THINGS REPUBLICANS NEED TO DO IS TURN OUT LOW PROPENSITY TRUMP VOTERS. THE VOTERS WHO TURNED OUT FOR HIM BUT WHO DON'T NECESSARILY COME OUT IN MIDTERM YEARS. SEEING HIM IN PLACES ESPECIALLY LIKE TEXAS WHERE THEY HAVE STATE RIDE -- STATEWIDE RACES WHERE THEY NEED HIM, HE'S ALSO GOING TO OHIO, THEY ARE RUNNING THE RIGHT PATH. JOE: WAIT A MINUTE. I THOUGHT TEXAS WAS A PURPLE STATE NOW. [LAUGHTER] IS THIS AN EFFORT TO KEEP THE PRESIDENT TALKING TO THE BASE AS SUGGESTED, OR AWAY FROM CANDIDATES WHO MIGHT SUFFER FROM HIS PRESENCE? >> I THINK IT'S A WAY FROM CANDIDATES WHO MIGHT SUFFER. HE'S NOT GOING TO MAINE, MICHIGAN, GEORGIA OR NORTH CAROLINA. JOE: MIKE ROGERS COULD USE HIM IN MICHIGAN THOUGH. >> HERE'S THE THING. I THINK HE WOULD BE HARMFUL TO MIKE ROGERS IF HE SHOWED UP IN MICHIGAN. WHEN I WAS IN THE BIDEN ADMINISTRATION, AT THE END OF THE CAMPAIGN, PRESIDENT BIDEN WAS AROUND 40% AND A LOT OF CANDIDATES AT THAT TIME DID NOT WANT ANYTHING TO DO WITH HIM. DONALD TRUMP TODAY IT IS AT 36 PERCENT. THAT IS AN EVEN BIGGER ANKLE -- ANCHOR AROUND THE REPUBLICAN CANDIDATES TRYING TO FIGURE OUT HOW DO I AVOID TALKING ABOUT HIGH DIESEL PRICES, 7.5 PERCENT 30 YEAR FIXED MORTGAGES OR THE PRICE OF FOOD ACROSS THE COUNTRY? THAT IS A REAL ANCHOR AROUND THE REPUBLICANS AND DONALD TRUMP SHOWING UP ONLY AS A REMINDER THAT THIS IS ALL BECAUSE HE DECIDED TO GO TO WAR IN IRAN. KAILEY: SPEAKING OF WORK TRIP -- PRESIDENT TRUMP HAS BEEN, HE SPENT TIME IN DALLAS. I WAS THERE TO COVER IT. IT WAS A BIG EVENT AND THE PRESIDENT WAS VERY PROUD OF IT IN THE WAY IT COMPETED AGAINST NFL KICKOFF. PART OF IT WAS HELD IN DALLAS TO SUPPORT KEN PAXTON PERCENTAGE ALTHOUGH TRUMP HAS REPEATEDLY CRITICIZED PAXTON'S APPEARANCE, SOMETHING OUR COLLEAGUE ACTUALLY ASKED PAXTON ABOUT IN DALLAS ON THE SIDELINES. LISTEN TO WHAT TRUMP HAS SAID, AND HOW PAXTON HAS RESPONDED AND THEN THERE IS MORE TO THE STORY. >> HE MAY NOT DRESS RIGHT. HE MAY NOT TALK EXACTLY PERFECTLY AND HE MAY NOT BE THE BEST LOOKING GUY EVER EVER SEEN. BUT YOU KNOW WHAT HE IS? HE'S THE GREATEST ATTORNEY GENERAL IN AMERICA AND HE DESERVES TO BE YOUR NEXT SENATOR. >> I THINK PRESIDENT TRUMP, HE KIND OF JOKES AROUND WITH PEOPLE HE CARES ABOUT. THAT'S JUST THE WAY IT IS. THERE'S NO ONE THAT GETS BIASED. I DON'T CARE IF IT'S THE ATTORNEY GENERAL OR TED CRUZ. HE'S A FUNNY GUY. HE LIKES BEING FUNNY. >> SO THAT DID NOT OFFEND YOU PERSONALLY? >> NO. I THOUGHT IT WAS KIND OF FUNNY. [LAUGHTER] KAILEY: MAYBE IT DIDN'T OFFEND HIM BUT PERHAPS HE DID NOT PERCEIVE IT AS HELPING HIM EITHER. THE NEW YORK TIMES IS REPORTING TODAY WITH AUDIO THAT PAXTON TOLD A GROUP OF CONSERVATIVE DONORS AND LOBBYISTS LAST WEEK THAT THE CONVENTION IN DALLAS HURT HIM POLITICALLY. HE WAS ASKED, DO YOU FEEL LIKE HE IS A BIT OF A DRAG? REFERRING TO PRESIDENT TRUMP. PAXTON RESPONDED, TO BE HONEST WITH YOU, WHEN WE DID THE CONVENTION, IT DROPPED THE NUMBERS. EVERYBODY'S NUMBERS DROPPED. THE PRESIDENT WAS ASKED ABOUT THIS STATEMENT IN THE OVAL OFFICE EARLIER AND THIS IS WHAT TRUMP SAID. >> WELL I HAVEN'T HEARD THAT BUT I CAN TELL YOU THAT THE CONVENTION WAS AMAZING AS YOU PROBABLY KNOW. WE HAD 107 MILLION VIEWS. THINK OF THAT. WE HAD OVER 100 MILLION VIEWS. THE NFL HAD 25 MILLION VIEWS. WE HAD FOUR TIMES WHAT THE NFL DID. IT'S POSSIBLE THAT COULD BE TRUE. I DON'T KNOW IF IT'S POSSIBLE. BUT OTHER PEOPLE WERE HELPED GREATLY. THIS IS A NATIONAL CONVENTION. NEVER BEEN DONE BEFORE. KAILEY: IT'S POSSIBLE IT COULD BE TRUE. IF KEN PAXTON IS SAYING THIS TO DONORS, IS IT TRUE? >> I DEFINITELY DON'T THINK IT'S TRUE. I SAW THIS HEADLINE. I GOT THE BREAKING NEWS ALERT AND I WENT AND LISTENED TO IT. YOU CAN BARELY HEAR ANYTHING ON THIS TAPE. IT'S INCREDIBLY MUFFLED. IT'S 33 SECONDS OF WHAT IS CLEARLY A MUCH LONGER CONVERSATION. ON TOP OF ALL OF THAT, THE NEW YORK TIMES ADMITS THE PERSON WHO RECORDED THIS SAYS HE DOES NOT SUPPORT PAXTON. THERE'S A LOT BEHIND THIS WHERE I WOULD LIKE TO HEAR MORE ABOUT WHAT HE SAID. ALL OF THOSE THINGS, WHETHER IT WAS REAL OR NOT, I THOUGHT THE CONVENTION WAS GREAT. I WAS THERE, PEOPLE LOVED IT. I HAD A GREAT TIME. I THINK IT ENERGIZED THE PEOPLE WHO WERE THERE IN PARTICULAR AND WE ARE TALKING HIGH-LEVEL REPUBLICAN ACTIVISTS, VOTERS, PEOPLE THAT HELPED TURN OUT OTHER VOTERS. THE PRESIDENT PUT ON A GOOD SHOW. I WOULD SAY IN GENERAL I WOULD DISCOURAGE REPUBLICAN POLITICIANS THAT ARE RUNNING FROM TRYING TO BLAME SLIPPING POLL NUMBERS ON THE CONVENTION, ESPECIALLY WHEN I THINK IT WAS A GREAT CONVENTION, AND YOU ARE RELYING ON THE PRESIDENT'S MONEY AND POLITICAL SUPPORT. I THINK IT WAS A GREAT CONVENTION. I HAD SO MUCH FUN. >> MY INVITE GOT LOST IN THE MAIL. [LAUGHTER] THE PROBLEM WITH PAXTON AND HIS WHOLE STORY IS THE MATH HAS NO OPINION. HIS POLL NUMBERS HAVE DROPPED SINCE THE CONVENTION. WHETHER HE SAID IT OR NOT, THE REALITY IS HE IS LESS POPULAR THAN HE WAS BEFORE. YOU ARE SEEING TALARICO CREEP TO 50% IN THE POLLS, WHICH IN ALL MY TIME IN POLITICS, IF YOU CAN GET TO 50%. JOE: AND YOU ARE BELIEVING THAT? >> THE POLLS, HE IS A BETTER CAMPAIGN AND ACTUALLY DOING PULLING INTERNALLY. JOE: THAT'S TRUE. THE PRESIDENT SAID GO AHEAD AND VOTE FOR THE CANDIDATE EVEN IF YOU DON'T LIKE THEM. IF YOU DON'T LIKE THE CANDIDATE, DON'T WORRY, VOTE FOR THEM. HOW IS THAT FOR A SALES PAGE? >> THE PROBLEM IS THAT THERE ARE MONTHS THAT CAN PAXTON AND THE SENATOR FROM TEXAS. JOHN CORNYN, THANK YOU. THEY TARRED AND FEATHERED EACH OTHER FOR MONTHS. THERE'S A LOT OF REPUBLICANS IN TEXAS WHO DO NOT WANT TO HAVE ANYTHING TO DO WITH KEN PAXTON BECAUSE THEY THINK HE'S CORRUPT BECAUSE JOHN CORNYN RAN MILLIONS OF DOLLARS OF ADS. HE'S DEEPLY UNPOPULAR AMONG THE BASE OF THE MODERATE REPUBLICANS IN THE STATE WHO COULD VOTE FOR HIM. THIS RACE IS A REAL THING AND IT'S LIVE UNLIKE THE RACES OF THE PAST. WE ARE 32 DAYS OUT AND WE ARE TALKING ABOUT A TEXAS SENATE RACE. [LAUGHTER] I CAN'T BELIEVE WE ARE HERE BUT THIS IS THE WAY TO THE MAJORITY. JOE: THIS IS HONEST. I LIKE THIS. AND KAILEY: WHO THREW A FUNDRAISER IN DALLAS WITH FORMER PRESIDENT GEORGE W. BUSH, FOR ALL THE REPUBLICAN CANDIDATES IN THE STATE BUT NOT CAN PAXTON. -- KEN PAXTON. ONE OF THE CANDIDATES THEY WERE FUNDRAISING ON BEHALF OF IS MIKE ROGERS. SPEAKING OF GETTING OVER 50%, IN A NEW MARIST POLL, HIS OPPONENT, ABDUL EL-SAYED IS AT 51% AND ROGERS IS AT 44%. DO YOU BELIEVE THAT GAP? >> I KNOW I SAID IT BEFORE AND I WILL SAY IT AGAIN. I HAVE TALKED TO FRIENDS IN MICHIGAN. THEY SAY THEIR INTERNALS ARE MUCH BETTER THAN THIS. I FIND IT REALLY HARD TO BELIEVE MICHIGAN VOTERS ARE GOING TO ELECT THIS ULTRA LEFT WING GUY THAT WANTS TO DEFUND THE POLICE, GET RID OF IMMIGRATION ENFORCEMENT AND RAISE TAXES AND IS STILL REFUSING TO DISTANCE HIMSELF FROM A MAN WHO SAID AMERICA DESERVED BLUE 9/11 AND RECENTLY SAID AMERICA WAS A BIGGER TERRORIST THAN AL QAEDA. KAILEY:HASAN PIKER. >> YES. JOE: WHAT DO YOU THINK OF MIKE ROGERS, HE HAS BEEN REFERRED TO A LOT BY SAYING THE WRONG WAR HAS TO END NOW? HE IS FRAMED AS SOMEONE TRYING TO FIND SUNLIGHT BETWEEN HIMSELF AND THE ADMINISTRATION. DOES THAT HELP THIS LATE IN THE GAME? >> IT REALLY DEPENDS AT THE END OF THE DAY, WHAT IS DRIVING VOTER FRUSTRATION? I DO THINK A LOT OF IT IS AFFORDABILITY AND WHETHER IT IS FAIR OR NOT, THEY BLAME THE IRAN WAR ESPECIALLY BECAUSE GAS PRICES ARE THE THINGS YOU SEE WHEN YOU DRIVE DOWN THE ROAD. I THINK COMING OUT AND SAYING I DON'T SUPPORT THAT WILL BE HELPFUL AND MIGHT REASSURE SOME VOTERS THAT ARE NERVOUS. >> THE PROBLEM WAS HIS ANSWER WAS PRETTY MEALYMOUTHED ABOUT WHAT HE WOULD ACTUALLY DO ABOUT IT. THAT'S ONLY HALF THE BATTLE. THE OTHER ISSUE IS TARIFFS IN CANADA. A LOT OF BUSINESSES IN MICHIGAN WHO HAVE THEIR GOODS GO ACROSS THE BORDER ALL THE TIME ARE HURTING BECAUSE OF THESE TARIFFS. MIKE ROGERS CAN'T EXPLAIN THAT. IT'S AN EASY TARGET FOR ABDUL EL-SAYED WHO HAS RALLIED PARTS OF THE DEMOCRATIC PARTY BEHIND HIM. HE RALLIED WITH KAMALA HARRIS A COUPLE WEEKS AGO. THAT WAS WHAT HELD HIM DOWN THE MOST. HIS NUMBERS ARE CREEPING CLOSE TO WHERE THE DEMOCRATIC GOVERNOR IS AND SHE IS WAY AHEAD OF THE REPUBLICAN OPPONENT. WE FEEL A LOT MORE CONFIDENT ABOUT WHERE THAT RACE IS GOING FORWARD. I DON'T THINK IT IS WHEN WE ARE THAT WORRIED ABOUT. IT WILL BE TIGHTER THAN IT SHOULD BE BUT I THINK DEMOCRATS FEEL CONFIDENT IN QUIETLY PUTTING THAT AWAY. JOE: ADAM HODGE, LESLIE SHEDD, FASTENED THE CHIN STRAP. TOMORROW IS OCTOBER. I CAN'T GET THAT THROUGH MY HEAD. >> DID YOU GET YOUR PUMPKINS? JOE: NO, I'M NOT READY. [LAUGHTER] CHECK OUT THE WASHINGTON EDITION LOOP NEWSLETTER. CHECK OUT THE TURBULENT ONLINE. AND TOMORROW MORNING, WE WILL ALL SAY RABBIT RABBIT. KAILEY: HAPPY OCTOBER, ALMOST. HAPPY END OF THE QUARTER WE WILL SEE YOU IN A NEW MONTH AS THE NEW QUARTER BEGINS ON BALANCE OF POWER ON BLOOMBERG TV AND RADIO.