Sound On: Abortion-Rights Bill Blocked, April Inflation Rises

first loss of the cycle. Happened in Nebraska, carried a big win Thow in West Virginia. Will hit the campaign trail and talk primaries with Jessica Taylor of The Cook Political Report. An abortion writes bill just failed in the U. S. Senate. We'll have the latest from Capitol Hill and analysis on all of these stories from our panel today, Bloomberg Politics contributors, Democratic analyst Jeanie Chanzano and Republican strategist Rick Davis with us for the hour. But first we start with a

break here here in Washington. As you've been hearing on Bloomberg Radio, and abortions or an abortion rights bill, I should say, blocked in the U. S. Senate as expected. The vote came in one every Republican and a single Democrat Joe Mansion, voting against the outcome, as I mentioned, not a surprise, and we'll have more on this later on in this hour with Rick and Genie or Sound on panel. The other big story of the day the

CPI that Charlie just mentioned. Consumer prices up more than forecast in April, but a slight cooling year over year eight point three percent on an annual basis, still though among the highest readings in decades. President Biden spoke to this issue at a campaign stopped speaking to farmers and farmers families in Illinois. Right now, America is fighting on

two fronts. At home, it's inflation and rising prices. Abroad, it's helping ukrainitys and fender democracy and feeding those were left hungry around the world because Russian atrocities exist, and Jeff and the American farmers understand putin d war has has has cut off critical sources of food. Echoing remarks from yesterday on the causes of inflation, this is where we begin now with Mark is Andy, the chief economists at Moody's Analytics, back with us on Sound On. Mark,

Welcome back to Bloomberg. It's good to be with you, Joe, Thanks for having me. I'm going to start with the question you do not want to answer. Has inflation peaked? It has? I think we've we've seen the peak. The key here, obviously is oil prices coming in, and that goes back to the Russian vision of Ukraine, and it also goes back to the pandemic and supply chains and all that stuff. But yeah, I think the most likely

scenario is that inflation has peaked and we'll moderate. He'll take it, you know, while Joe, to get back to something we all feel comfortable with. But I think we're on that path. Yes, he didn't even blink at that question. Okay, now that we've gone there, I know it's easy to ask the out not right, But Mark, how come you and other major economists did not see this level of inflation come with an eight handle in front of it? Well,

I'd say it's a pandemic. You know, if you think back a year ago UH vaccine rollout, I think the view was and it certainly was mine, that we were on the other side of the pandemic, and then we got nailed pretty soon thereafter by the delta variant, and that discrambled global supply chains. That really helps in particular, did a lot of damage to Asia where all the supply chains begin. And so the real surprise was the pandemic and that really caused shortages and you know, obviously

a higher inflation. And then the Russian invasion. You know, I didn't. I wasn't in my crystal ball, unfortunately, and you know that caused oil prices and commanded places go skyward and exacerbated the inflation, raised inflation expectations. So it goes back to these massive supply side shocks, the pandemic and the invasion, and they're very unpredictable, and obviously I didn't predict them. So we're delving into the real debate that's going on in Washington between really it's between the

Crafts and Republicans. It's a party line debate about the causes of inflation. The President said yesterday very clearly as he addressed the nation, it's two things, the pandemic the war. Essentially what you just said, Republicans say, the Democrats poured gas on the fire by sending those checks to everyone during the COVID recovery, the stimulus money. Who's right here, Mark, And does the answer change the solution? I think it's

mostly the President. I mean, I do think the American Rescue Plan, the big package of support that was passed last March that did support demand, used to the demand and also caused inflation to accelerate back a year ago. But I you know, if you remember back at that point, that was that was a feature, not a bug. We wanted inflation to be high because it had been painfully low since the financial crisis, and the Federal Reserve and other central banks had been working really hard to get

inflation up. So here we were an inflation was back to something I think people felt pretty good about. But the inflation, the bad inflation, the painfully high inflation, and right now is that is the pandemic. That is, the Russian invasion has nothing to do but in any material way with the increasing demand related to the American resky playing. In fact, demand if you look at it, demand has essentially gone flat, you know, for good over the last year.

It hasn't hasn't moved one bit in over a year. So it's not at this point, it's not demand, it's it's supplied. The supply shocks and it does matter because that goes to you know, potentially, you know how we think about inflation, the forecast for inflation going forward, and you know what what can be done about trying to bring inflation down going forward. So it was the only way to fix that with the sledge hammer, with just

continuously raising interest rates until people stop. Well, I mean, I think you know, if plason is going to moderate, we gotta got on the other side of the pandemic and and we supply chains has to hron themselves out and hopefully the worst of the fallout from the Rascian invasions on on the economy, on oil prices and natural gas and other command persons is behind us. That's the case. We're gonna We're gonna see inflation monory. That goes back

to your first question. Why I was so definitive. I think that's likely to happen now. The Center of Reserve also has a role here, and that is because the economy is strong and coming into full employment, that they need to slow growth so that we don't blow past full employment and create more wage pressures and price pressures. That's that'd be particularly problematic at this point given us going on with inflation. So that does have a role here.

But at the end of the day, the key that's you know, you know, no one likes this answer, but you know, we need a little bit of luck. We gotta get on the other side of the pandemic, and we've gotta you know, hopefully Russian vision of Ukraine uh phades away as an economic issue. I believe Janet Yellen used that word luck when she was asked about the chances for a soft landing. She said, yeah, it takes skill and a little bit of luck. So where are

you on this idea of recession being inevitable. I don't think it's inevitable. I think, you know, obviously the recession risks are awfully high here, uncomfortably higher in the horizon. Uh you know, I pressed, I'd say there's probably one of the third probability one recession the next twelve months, and plust probably close to even odds over the next next couple of years. But I don't think it's inevitable, you know. I do think if we get to catch

a break on the pandemic and the Russian invasion. Uh, and the said, you know, kind of sticks to script here, doesn't need to push on the brakes any harder. We should be able to navigate through. But it's gonna Yeah, I think she said, uh, you know that sound like she said it. Well, it's take some death policymaking on the best part and a bit of law. Speaking of demands, a lot of the inflation driven by COVID came from the shift in demand from services to goods. Now that

we're seeing prices for services rise today. I think it was an eighteen percent jump in airfares for instance. Is that rotation back to services underway? How long will that take? Yeah? It is. You know, good mentioned goods demand has gone flat for the past year, but we have seen service side of the economy can start to come back. That's travel and going to ball games and restaurants, that kind

of thing. I think the inflation that we're reserving on the service side of the economy that you mentioned the air fairs poster child for that, that goes back to oil prices, right, that goes back to the surge. I mean energy prices are up by a third, you know over the you know, over the last year, and it's

not like what we pay at the gas pump. It's the diesel prices that you know, feed into food prices and the you know, the cost of the things that they're delivered to our door by Amazon or then it you know, it also goes to the air farers that airlines have to charge the higher fair just compensate for their higher GA jet fuel costs. Hopefully that move gives the ports a chance to breathe if all of these boxes and containers aren't stacking up with every time we

click to buy something on Amazon. Yeah, exactly, and I think it will. But you know, the problem right now, obviously with the guarding the pandemic is China, and the China is grappling with the Acron variant and their their strategy for handling it's very different than you know, so the parts that were including here have these very severe shutdowns that are affecting big parts of the economy. So that's disrupting supply chains again, and you know, it's going

to exacerbate the inflationary pressure. But hopefully you know, they get this under control in the next month or two and supply chains continue to normalize. I will say the worst of the supply chains constructions are behind us. That you know, the worst of it hard to remember, but you can go back to last fall when delta hit back in August, September, October by most measures, you know, freight rates and what purchasing managers are saying, and you

know those kinds of things. That it was much worse back than the now. But you know, certainly we need you can see continued improvement here. Mark Sandy, you supported the President's infrastructure law and helped to make the case for Build Back Better. The President's back out yesterday today calling on Congress to again pass some of the components from Build Back Better and expanded child tax credit, new plan for prescription drugs. They've at a pretty long list

of things. Would those actually, to his point, help inflation or make it worse? I think mostly help. I mean, you know you mentioned a few good policies. I I throw in the next the policies in Build Back Better than related to housing. I mean one of the key contributors to inflation, and this is going to continue going forward is rent You know that you know rents are you know, if you look at housing is a third

of the consumer Price index. And we've got a very severe shortage of homes, particularly homes, suffordable homes, both rental and for ownership. And with mortgage rates higher, you know, it's even more problematic. So I do think that we need more homes get built, and I think policymakers could really help here. You know, for example, in the Buildback Better, just one thing, I'll call out low income housing tax credits that you know, very tried in trough program works

really well. Just let's just juice that up and get more rental housing out there for low income households, you know, and that would help the economy a year from now. So there's a lot of things and Build Back Better, um, you know, some some are more helpful than others when it comes to inflation, but when it comes to housing, I think that's definitely we should we should tackle that. And you know, I think there could be bipartisan support

there right because we're talking about tax breaks. I think we have a lot of people like that that post on the Republican and Democratics site. That would be news. Mark Sandy, chief economist Booties Analytics, always great to spend some time with you appreciate the insights today on Bloomberg. Thanks Joe, thanks for the opportunity. Absolutely so. Mark says inflation is peaked, but if it takes months or years to come back in what does that leave for Democrats

on the campaign trail? Coming up, we assemble the panel with Bloomberg Politics contributors Rick Davis and Genie Chanzano. They weigh in on this and we'll check traffic and markets for you on the way. You picked the Fastest Hour in Politics. Welcome to Sound On. I'm Joe Matthew. This is Bloomberg. You're listening to Bloomberg. You sound On with Joe Matthew on Bird Radio. Go figure. It's adults without kids watching the Star Wars and Marvel movies. I see

you eighties bros. Welcome to the Fastest Hour in Politics. We've got a statement from the White House on this abortion vote. As expected, the bill failed. While this legislation did not pass today, the President writes, my administration will not stop fighting to protect access to women's reproductive care. As I mentioned, though, he was out talking about inflation once again today, following on yesterday's speech that we've talked about at length. His plan versus the ultra Maga plan.

He was speaking to farmers today and UH producers out in Illinois, food producers in Illinois, and he hit a lot of the same themes as we just discussed with Mark Zandy. He says, it's it's two wars were fighting, the one in Ukraine and the one here against inflation. As we assemble the panel with Rick and Genie Bloomberg Politics contributors Jeanie Schanzano and Rick Davis. Uh, Genie, this

story is not getting easier. And when you look under the hood of this report and start thinking about, okay, so maybe it has peaked. That's a great headline. But what if it does take months or years for this to come in, you can write off November. It might even be bumping up against the elections in This is not going away anytime soon. It's not. I mean, you know a bit of good news in your interview with Mark Zandy when he said you know it has peaked and it will moderate, I mean that is music to

the White House's ears. You look at what the President's written statement after these numbers came out today and he said, you know, it's hurtening that inflation has moderated in April, but it's unacceptably high, and I think that is the right tone. They are being very very careful not to celebrate at this point. The last thing they want to do is what they did with COVID, as we all remember that, we put this behind us and then it

slams on once again. So they're being extra cautious. And he's out today, as you mentioned this farm in Illinois, He's trying to do what he promised to do yesterday, which does show people. He's getting out on the road. He's feeling their pain and he's trying to tie it as you were talking about against what Republicans are saying to the pandemic and to the war. He's saying, this is why we are here, and this is the pain you're feeling. It's not because of the American rescue plan.

But Rick, this is Bloomberg, right. Jeanie works in academia, you're in politics. Were surrounded by incredibly smart people who understand the markets and economics, and we talk about this stuff every day and bang our heads together. But people aren't cutting this down into well, it was the pandemic and then the war. Inflation. Of course, the stimulus money that that put gas on the fire. I mean, these conversations that we have are not happening in households across

the country. There's just a guy in the White House, and you can blame him. Isn't it as simple as that, you know, I think it's some combination of those two things. I think it's it's too simplistic to think that the guy in the White House, regardless of who it is, is going to get the blame for I mean, a

lot of presidents win uh second terms. They generally don't do well in the mid terms, and so in a microcos I'm sure it's always the president to blame, and no one has had a good first quarter of their presidency. But um, I think this is actually pretty unique. I I think that this is one of the hardest to predict macroeconomic times of our lives. And and some of it what Mark Zany said, which is, you know you've

got inflation, COVID fatigue, supply chain problems. I mean a lot of things happening, and really since August of last year, right, I mean like that's when the slide could started, for for Joe Biden, and so there's a lot going on in a very short period of time. I think that some consumers get that right. They can't get the things they want. The things they want are more expensive. People are spending a hundred dollars more a month on gas

and they used to. I must say that that's pretty extraordinary number to see coming out of this inflation number. So so is it then a waste of time to be delineating the causes here as opposed to just talking about solutions. I think every minute that this administration, Joe Biden's White House spends trying to define why people feel bad instead of giving them reasons why that they can fix these problems and that they should feel confident in

the future, they are making a mistake. I mean they are trying to They're trying to rewrite history instead of make history. And that is a huge failing of many administrations and one that you can see coming with this one. Wow, is the travel a good idea? Jed does he need to stay on the road. I think the travel is important. Listen, his hands are tied to a certain extend in terms of what he can do. That's why yesterday his announcement, people kept saying there was not a lot they're new

to see. And you know, you look at the staggering report today. Somebody was listing for me at all of the things that are more expensive chicken, coffee, sheltered gas prices, health, I mean, the list goes on, you know, almost by any measure, who ever you are in the United States, to Rick's point, you are paying more. And this is a confounding problem. I mean, you look at you know, poor Jimmy Carter. He probably did what he could in

getting Paul Volker in there. He took the pain, and yet Ronald Reagan was able to come in and say are you better off than you were four years ago? And the answer was no. That is the difficulty for Biden and for the Democrats right now. He's got to stay on the road because quite frankly, there's not much that else he could do except say I'm here, I see that, this is where you are. You're in pain. I'm doing everything I can. Stay with us because the

other guys are worse. I mean, that's the message. That that is the message right now. Rick, you pointed out the first quarter of any president's term can be a tough one. The first quarter of this year, for people's four oh one case was a very ugly one. How much of that factors in? At the vallot box? I hate to say I learned a very hard lesson on how people read there their four oh one case and

then translate that to the ballot. September six, two thousand eight, you know, when the markets crashed globally and people got their first quarter October actually last quarter of statements, we saw a huge drop in votes for Republicans across the board. How about that? Well, again, history repeats itself. It's a different letter after the name. Rick and Jr. With us for the hour, our signature sound on panel as we turned to primaries next, when we joined by Jessica Taylor

from the Cook Political Report. This is Bloomberg broadcasting live from our nation's capital, Bloomberg to New York, Bloomberg eleven Trio to Boston, Bloomberg one O six one to San Francisco, Bloomberg nine sixty to the country Serious x M Gennel one nine and around the globe, the Bloomberg Business app and Bloomberg Radio dot Com. This is Bloomberg Sound On with Joe Matthew. People woke up to the headline today that Donald Trump lost his first race of the cycle.

Is the brand tarnish what happened in Nebraska. We'll take a look at West Virginia and you might think differently. We need a little context here. We'll talk about the gubernatorial primary in Nebraska and the congressional race incumbent versus incumbent in West Virginia, which turns out to be a massive win for Trump. Pro Trump election deniers lose in Nebraska Republican primaries. Indeed, that was the big headline late last night or early this morning for a lot of Americans.

Charles Herbster lost. That means Trump lost. So what about this campaign season? Well, it was a pretty darn good night for him in West Virginia. Donald Trump loves West Virginia, and West Virginia loves Donald Trumpy. Good night for Alex Mooney.

Representative Mooney, remembering this was an incumbent on incumbent, they lost districts in West Virginia, wrote the Trump endorsement of victory over fellow Representative David McKinley, who had the backing, as we told you yesterday and spent some time talking about this, the backing of Joe Managin, a Democrat actually getting involved in the Republican primary and still lost by a lot. It's like an eighteen points spread. So was it a good or bad night? Was it a mixed night?

Let's bring in Jessica Taylor, the Senate and Governor's editor for the Great Cook Political Report. Jessica, I've been looking forward to our conversation. The Trump brand lives on and to go into Pennsylvania next week. How's he doing well? He got his first loss last night, as you mentioned, but ultimately what he what we're seeing in these primaries across the state. You know, even in Ohio last week

when his candidate won j d Vance. The primaries are all about trying to be the trump eyist, even if you are not the Trump candidate typically, so just the fact that he's driving so much of the conversation in

the primaries just shows you how big his influences. And in that governor's race there open governor's race and Nebraska, the termline governor Pete Ricketts had endorsed uh Jim Pillon, who was on the University of Nebraska Board of Regents, versus Trump's candidate Charles Herbster, who was a rancher and business owner, and so you know Pillans got or the Rickets candidate one out there. But there's some extenuating circumstances

in the final felace of the campaign. These are the allegations, right, sexual assault allegations. So this is why a lot of Trump supporters are saying, well, listen, I mean, you know that's not a Trump loss. He did it to himself

and he didn't lose by all that much. Is that fair, Jessica. Again, it's a three way race, so you really had I think if there was another candidate in the race, the state legislator Dave Lundstrom that behind had some momentum later on, but you know, with his close as it was, could just a couple of people have pulled away from that because of those allegations. I mean, Trump obviously had allegations against him too, So um, I think not to a candidate that's not Trump, it's not as you know, you're

not as teflon with those types of things. So in a close race, couldn't have mattered. A lot of people I talked to in Nebraska thought, so talk to us about West Virginia. It was a pretty convincing win. My goodness, uh an eighteen points spread here for Alex Mooney. In what was almost a retribution endorsement, Donald Trump decided he did not like David McKinley because of a couple of votes he voted for infrastructure and the jan six Commission,

and suddenly your career's over. Yeah, I mean, and the ironic thing is, listen, we always knew that someone in West Virginia was going to have to lose when they lost a congressional seat. But the way that the district was redrawn, McKinley actually represented more of the new district geographically than Trump's candidate one Alex Mooney. Typically we see that whoever has represented the district more of the district in this and when they're redrawn that they have an edge.

But it is Trump's came in bashed him. Um a lot of money spent on this race to still and I think, you know, ultimately it was what type of Republican do you want in there? Because it's not like David McKinley was, you know, a very liberal Republican by

any means. It's just that he had voted you know, against Trump on some of these issues, which I mean, the infrastructure bill is one that has become a litmus test when, of course Trump was pushing for infrastructure when he was in the Whitehouse, and a weekly joke because they try to turn each weekend infrastructure. Something UM would have would happen that would knock it off the name West Virginia need a lot of money. I mean, this was supposed to be good. Joe Mansion, of course helped

to write it. What does this mean for Joe mansion stature in the state. Listen, I mean, I think he's someone that's still respected. Um. He still has high approval ratings in the state. He will be up in four We'll see what he decides to do when when that is up. UM. But I mean Joe Manson ultimately, he's He's not a Republican though too, so I'm not sure how much that swayed some people, even though they may

like Mansion. Um. Ultimately, he has been a Democrat, albeit one that has want plenty of crossover votes when he's been governor and senator. So I think it's just shows that, you know, again, Trump's endorsement carries a lot of weight in these congressional primaries, UM, because I think they're smaller too, but you know, in the larger races, this was a one on one race essentially in the larger races where multi candidate field sometimes that isn't always, uh, you know,

sort of the bolt of lightning. Jessica Taylor at the Cook Political Report, I appreciate your insights today. Thanks for walking us through these two Nebraska, West Virginia. We're moving on to another big one next Tuesday. I'd love to get Rick Davis in here real quick, just as the as the Republican of course on our sound on panel. We talked about it last night. Rick, what does this say about Joe Mansion? Just I mean, there were trouts, it was almost a twenty point loss. Yeah, I think

Jessica had it right. I mean, look, the Republican governor was wrong on this one too, and uh, I would say he probably bears more of scrutiny Jim Justice than than Joe Mansion because Joe is not a Republican, right, I mean, and like he weighed in thinking, hey, I'm gonna if I can help tip the scales, I'm happy to do it. But at the end of the day, I'm not a Republican. So how much of this is gonna blow back on me. I'm not worried about it. It's not like he is going to be competing against uh,

you know, Donald Trump anytime soon in West Virginia. Right, So, uh, it was really a no lose situation for him. He could he could try to tip the scales. And the fact that he didn't, Yeah, he goes on with business and votes again. See abortion laws that Chuck Humor wants you to. We're going to reassemble the panel next and talk about that. We knew what was gonna fail. It has happened abortion rights in the U. S. Senate. Rick and Jennie are back in next. This is sound on,

this is bloombird. It's time to go on record. I asked my colleagues to think carefully about their vote and to reckon deeply about the consequences of a world where row is a thing of the past. Democrats are melting down because of rame. Court may may uphold a Mississippi law that would limit abortion after fifteen weeks. This proposed

legislation is an example of extreme extremism. It is an outrage that we have five justices on the Supreme Court who lied, lied in their confirmation hearing in order to be confirmed, let that sink in America. A national ban on abortion is the extreme of extremes that Madam President is blowning. This is a cruel, repressive, dangerous vision for our country. Women's Health Protection Act is an extreme piece

of legislation. On this vote the a's of forty nine, then they's are fifty one three five of the senators duly chosen and sworn not having voted in the affirmative the motion has not agreed to. Accidentally, forty two years of the day after Henry hills last day as a wise guy, somehow appropriate as we jump into the fire with the panel Bloomberg Politics contributors Genie Chanzano and Rick Davis,

Genie had happened. We knew it was going to happen, but to see this with Kamala Harris presiding over the Senate still hits home for a lot of voters. How important was it to get Republicans and Joe Mansion today on the record. You know, I think it is important. We knew it was not going to pass. Joe Manson said he wasn't going to vote for it um, but they the Democrats went forward with this because they do want Republicans to have to go to the map and

say this. And you do see some nervousness on the Republican side because they are really concerned that by standing against abortions of all kinds that you know, under without exception, that they will you know, essentially uh, push over some independence to the Democratic side potentially in some of these close races. That's really the fear, and that's what Democrats

are hoping to do. There is logic to the question of should Democrats have worked harder to get Mansion, you know, Murkowski and Collins on board and tried to move forward in that direction, But but they did want to take this vote, and now they've got them on the record, and they're going to move forward with this. To be on the record, Rick could be a good thing for a lot of Republicans. Does this help Republicans in the Senate on the campaign trail to say I stood up

to protect life? Sure, I think everybody gets something out of today. They Republicans are going to say that they defended life in the well of the Senate against an effort by um the Democrats to um overturn um um. A lot of these laws that are on the books in states trigger laws that may go into effect if

the Supreme Court rolls back Row. So, Um, absolutely, there's gonna be a much talked about topic through the course of the mid terms, really overshadowing a lot of the other cultural issues that have been dominant at this point. And Republicans are happy to bring this up again if the Democrats want to take another vote, well, and I six, I suspect they will, Genie, the President and Democratic leadership on Capitol Hill Chuck Schumer have promised to do that.

The statement from the President today, we will continue to defend women's constitutional rights to make private reproductive choices, as recognized in Roe v. Wade nearly half a century ago. And he adds, my administration will continue to explore the measures and tools at our disposal to do just that. What's he's talking about, Genie, Are there any more tools? Um? You know, the tools are that they could keep talking about this and put pressure on Republicans to voice where

they are on this. You know, if you just step back, Americans have had this right for over fifty years. If it is indeed pulled back, this is going to push much of this discussion to the state level, these gubernatorial races, the a G races at the state level, that's where these decisions will be made. And Democrats are hoping from a political perspective that if these are close races and purple districts and purple states, that this will move suburban women,

young men, young women over to their side. And it's not just about abortion, remember, because the underlying argument is about privacy as a whole, and that impacts everything come contraception to l g B t Q rights. It is a huge area and Americans don't take kindly of any swath of having rights taken away from them. Is that

a wise angle for Democrats here? Rick to say, Look, if you can do this, you can undo everything, like Jennie just mentioned, from same sex marriage, even inter racial marriage, which is kind of a wacky idea at this point with Clarence Thomas on the court, But that is what we're hearing from Chuck Schumer and from Joe Biden. Yeah.

I think that what I read mostly about Democrat strategy around this is that the fear is actually overreaching, right is to rather than having a narrow cast message around what's happening on this issue in the in the Supreme Court right now is that they're gonna throw this big wide net over all this and try and create this

sort of sense that everything is falling apart. And and I don't know, I mean, I I can't imagine in the environment we have, with all the challenges we have, that that message is going to penetrate versus one that is very narrow cast and specific to what the Supreme Court may do in the summer around Row, I would say, Toy, they need to find some messengers because the President United States is not a credible messenger right now to the

American people. He's failed too many times. H Pelosi and Schumer, can't you know, their their popularity is less than the president. Uh and and and so they're going to have to find people who can stand up and say here's what this means for America who have credibility with voters, especially like Jeannie said, those very important independent voters who will be skeptical about this broader message. And and and that's

a hard sell right now. What do you make of that statement that Rick just made jan Joe Biden is not a credible messenger because he's lost too many times. You know, I think Joe Biden does have a challenge when it comes to speaking about some abortions, specifically because it's something he stayed away from given his catholic as a Catholic, given his commitment to That's not what Rick meant.

But I do think that what with Levi, I do think that that is also something that can help him as he goes out to talk about this because it is not again just about abortion. Abortion is enough, don't get me wrong, but it is about privacy as a whole. Let's remember the governor of Mississippi could not say that they wouldn't take away the right to contraception. This is a Republican party, if you follow the Democrats, that wants into people's bedrooms. That is not something that either resonates

with many Americans. Is what the Republican Party stands for. They are supposed to be the party that wants less government. Yes, they want less government in the economy, but no, they want more in the bedroom. That is the message that

they're going to be talking about. And I don't think Joe Biden is the only person who should talk about but I think he can talk about it pretty cogently because again, he like many Americans has very ambivalent views on abortion, but he also knows we have a right to make decisions in the bedroom and about our bodies.

What's the answer to that, Rick, I don't know. The only Republican I remember who got into the bedroom on an issue like this was the late Bob Dole, who did the first e D commercial and that was right in your bedroom. So I'm not sure I'm gonna be satisfied with the discussion about like Republicans want to get

into everybody's bedroom like Bob Dole did. But uh, the reality is that these are long term, staked out positions, right, nothing has changed, and its debate primarily other than um, you know, by mail abortion pills, right, which is going to add a layer of of complexity to this debate. But but everyone's been making the same argument for this, you know, since Roe was decided, and in the American public has sort of frozen in place on on its

own views. And so let's vote right. I mean, like, you know, if the Spreme Court is gonna do what they're gonna do, there's very little anybody all these protesters and all these debates and all these votes are not going to really change dramatically. I don't think what the Spreme Court is gonna do. So let's find out what the Supreme Court is gonna do, and then let's vote, and let's see how American voters are going to handle this.

Because that's it. There's no news here other than the fact that it's a hot, hotter topic because of what the Supreme Court is doing. And it remains an open question GENI about whether this will play out in the polls in November. I suspect there will be uh inevitably an impact. It's just a question of whether this actually changes votes enough to change outcomes in elections here. Based on the primary candidates that we're seeing so far, it's going to be a fight. When should the march on

Washington happened? Jeannie? What kind of we're talking about messengers? To Rick's point, who needs to stand up to start making noise more than the White House can do? You know, I think it has to be UM, young people in particular UM who are concerned about the future of their ability to make decisions for their bodies and Hollywood on this doesn't The Democratic Party needs celebrity messaging. And I'm being serious. Yeah, you know, I'm not a big fan

of that. I think it's fine if people have views and they go out and stake them out, but I wouldn't rather hear from young women who in Texas and elsewhere have have their rights taken away and to talk about what that has meant to them, because what an individual goes through under those circumstances is is traumatic and it is something worth talking about. And you know, again, Americans have very ambivalent views on this, and Democrats have

to be careful about overreach. They should not overreach on this. They should talk about it, but they also have to have an economic message because nothing surpasses that the Rick who raises more money on this Democrats are Republicans. You know, everybody's been raising money on this since since it's a

windfall for originally decided yes, it's been a windfall. Uh. Look, Uh, it always is easier to raise money out of fear than it is out of confidence, and so the fact that the Democrats are really in the fear side of this equation for what may happen advantage Democrats. He knows. That's Rick Davis, along with Jeannie Chanzano our signature panel on sound On Thanks to everyone for popping in today in the fastest hour in politics. I'm Joe Matthew. This is Bloomberg.