Sound On: Cheney's GOP Warning, Election Deniers Reversal

that think they know better than everyone about everything. Is Joe Biden, the legitimately elected President of the United States. Joe Biden's absolutely the president. I mean, my gosh, have you seen the gas practice? Like Bloomberg Sound On with Joe Matthew on Bloomberg Radio, Unemployment falls back to the lowest in five decades, and no one seems to feel

good about it. Welcome to the fastest hour in politics, as President Biden celebrates the job's numbers even as Wall Street tumbles on worries about higher interest rates the possible recept action. We're gonna spend time this Friday with the stalwart Bloomberg's Joe Wisenthal, co host of The Odd Lots podcast is with us in just a moment. Later, the Senate debate in Arizona shows another election denier, softening some edges. We'll talk with Bloomberg Politics reporter Ryan teak Beck with

about politics on the mid term trail. As Liz Cheney calls out Republicans in Arizona. We'll get into that with our signature panel. Rick Davis is back today, Genie Chanzano, Bloomberg Politics contributors for the Hour. Welcome to Friday and the threshold of the weekend. As we return to Washington today on Sound On with this job's day with stronger than expected numbers that you've been hearing about all day on Bloomberg seeing through the eyes of the fete, of course,

and against the backdrop of inflation. But President Biden speaking today, he was not going there when he spoke to supporters at Evolvo power train plant in Maryland. Here he is. Our economy created two sixty three thousand jobs last month, as ten million jobs since I've come into office. That's the fastest job growth at any point of any president

in all American history, historic progress. The unemployment rate remains at historic low three point five unemployment that includes the lowest unemployment among Hispanic Americans ever in the history of this country, the second lowest employment of black teenagers ever. He shows up, thinks he's got a great story to tell. Market does not agree. Labor Secretary Marty Walsh was on

Blueberg this morning talking about it. Also, you know, happy to see more hiring, but quick to acknowledge the elephant in the room here he is we need to continue to bring down the flash every pressures that people have. Certainly what OPAC made a decision on this week to do was not helpful to us. The President was disappointed, were disappointed his administration. But we need to continue to bring down those pressures. And so here we are lessan five weeks from the mid terms. Now it's about four

weeks away. Gossip, interest rate hikes that have hurt the markets have not put a dent in the job market. And so they've got to be sitting around on the White House with the Economic Advisor, UH, the economic advisors, the whole economic team, saying what what are we gonna do now? This story is not going to change between now and voting right, Get another FED meeting, get another

jobs report. One of the more provocative takes that I saw today on Twitter came from our very own Joe Wise and full, who I love talking to about this stuff because he's just got a very different view, and in a more provocative one on things scrolling through my How you doing, Joe, It's well, it's my great pleasure, thank you. Here we go, yield bugs getting yield workers

getting jobs, elite seeing their portfolios with her. And yet the z H crowd remains apoplectic, almost, like Joe writes, almost like the whole thing is an affinity scheme to play on the political biases of the investor class as opposed to a coherent economic world view. You've got over six d likes. The comments are a riot. I just wonder, you know, But this is what Joe Biden is thinking, right, It's like the old Saturday Night Live skin. I can't

believe I'm losing to this guy. He's telling this crazy job story that seems to get better every month in a vacuum. But my goodness. You know, inflation is dogging some of the least privileged people in the country. Yes, you know. Look, clearly, inflation is a very is a problem for consumers, particularly those who have you know, limited incomes and a lot of people are seeing their money get very stretched, seeing a decline in their standard of living.

On the other hand, if you just look at what's happened in the US this year, we've seen rates go up, which is something people were asking for for years during dessert era, it's like, oh, savers can't get any money. We've seen job growth remain robust, which has been a real surprise, and nominal wage of growth has still been impressive, but just a month after month we see the unemployment

rate going back down. And we've seen asset holders who did fantastically well for the ten years after the Great Financial Crisis, if you had real estate, if you had tech stocks, if you had bonds, if you had normal stocks, they've had a pretty well, you know, a dismal year.

So there's a story you could tell, and I think it's legitimate where you say, like, look, this is like, uh, we are seeing a major inequality compression in two If you're thinking of like, well, what would compressing inequality, which people have been talking about for years look like what? It would not look that different, would it. It It would look like robust wage growth, rock solid or sorry, robust job growth rock solid job growth and a compression in

asset valuations, and that's what we're seeing this year. And so I do find it interesting. You know, look like my my, my tweet was a big tongue in cheek and trying to be provocative, but I do think it's interesting that in some sense what we've seen in the economy in two is what a lot of people have

been frankly asking for for a long time. Well, you know when Joe Biden talks about, yeah, the from the bottom out than the from the middle after remember the whole thing as opposed to trickle down, Isn't that kind of what he's trying to say? And you know, my goodness, you're not putting that on a bumper sticker that we're going to restructure the economy for something more stable the

years from now. Yeah, vote for vote for Joe Biden, the president who brought three point five percent unemployment, you know, six point eight percent inflation and decline of the S ANDP. No, It's like it's not a great slogan. And inflation is you know, obviously a very salient topic. Gas prices specifically, assailant rent prices specifically are sailant but on the other hand, look, you know, we have seen this historic pace of job creation that is real. It is also real that it's

surprised many people. The upside. A lot of the jobs that we've seen, we're just you know, of course, like uh, erasing the losses that we experienced during the pandemic. But at this point, the strength of the job market continues to surprise economists to the upside, both in terms of the falling unemployment rate, the durability of job gains, and of course you know, just yeah, and the durability of

job games. So from a sort of like if you don't have any money in the market and you're sort of the main source of wealth is your job, which for many people that's the case, you could make the argument this is a this is a very pro worker economy. You know, when you think about interest rates getting back to you know, you can buy a CD or something

for like four or five percent. Uh. You know, I think about my parents looking at their at their you know, they're trying to live through retirement on a fixed income, and and you can look at that from both ways, do you when you when you sort of think about the real scary stuff, you know, the stuff that can go wrong with this economy, and you think about the number of boomers retiring now who were watching this evaporate while they're trying to figure out how to make ends meet.

How do you reconcile that with people who actually can make you know, a pretty risk free return now suddenly on fixed income. Yeah, it's really tricky. And what I think, Uh, you know, it's sort of interesting to think if you think back to like the stock market boom of one in particular, I suspect there are probably a lot of people I don't know the exact numbers who left the workforce because it's like they hit their mark, whether it's the value of their homes, the value of their stocks.

You might have a valuable home right now, but the housing market is kind of frozen. So mortgage trades are at seven. It's a it's not a great time to buy a house. It's also not a great time to sell a house. Not a lot of forced sellers. So the expectation is that will keep inventories tight and that will keep a bid under home prices. But you know, you could have nominally a lot of housing wealth in a very difficult time unlocking it and then you see

the value of the stock market decline. Is it's tricky. There's a lot of tricky things right now that is very tough for retirees. The labor shortage or the difficulty in hiring is also a tricky time for retireas. And this could be a long term story in the U. S. Economy. The fact that you know, if you are retired and as you get older you need more help with more and more things. You know, you need human labor. Set it aside of the price setting, aside whether you have

money in your bank account to hire someone. You need someone. People need help and they get older, and the shape of the sort of demographic period is going to make a tricky So I think there are gonna be some like real stresses long term even after or hopefully assume this. You know, this period of high inflation gets gets um

gets addressed. So Joe Wisenthal, when when President Biden looked across the resolute desk this morning and looked Bryan Deese in the eyes, whirst they knew what this number was. I'm assuming before eight thirty h Brian Diese gets it a day or two early. Here, I don't know about Joe Biden. Did they say, okay, you know what, there goes your soft landing? Well? Is that? I mean that was that the realization? So so it's a it's a

good question. But the way I see it is, as long as the labor market is strong, we can't rule out the prospect of a soft landing. Yes, it will mean that there's no imminent FED pivot. Right. Okay, so we saw short term rates in the US jump again further today because yeah, there's if you're hoping that the FED was about to pivot, they're not going to. But I don't think that the idea of a soft landing could be ruled out until we really start seeing the

unemployment rate shoot up. And right now it's going in the right, It's it's going in a good direction. And I think that look from the Biden White House perspective, I suspect still just from a politics standpoint, more jobs are still better than uh sure, fewer jobs. But swell picking up this canon in the background, right like, oh my god, this is really gonna They're gonna really do

something serious. Yeah, but you know, and that's for real, But you know they've already to be clear, they've this has been like one of the fastest pace of hiking cycles already in history. So they have done something very serious already. And what we're starting to see, and of course the story of the last two weeks is there's

the economic story and there's the financial story. We see this extreme tightening and financial conditions, you know, as they say, like things are starting to break a little bit, most notably with the guilt market in the UK, and that the entire financial system is kind of on tenter hooks here, and so there are reasons for the FED to not necessarily pivot, but to start thinking like, okay, like how far do we want to push this before we start

causing real trouble. And the financial system is you know, the financial markets are not great by many measures. They're going down, spreads are widening, liquidity is bad. We saw what happened with guilt, so you know, there may be forces on the horizon that cause some FED officials to want to temper the aggressiveness of the rate hikes from here. A lot to think about here, and I just always

love talking through with Joe Wisen. You can find by the way, the full Guilt Market episode of Joe's podcast Odd Lots. I gotta get a beer with you sometime when I'm up there. Thank you again as always for the insights Joe wisen Fall on the Fastest Hour in Politics. What do we do now? Is we assemble the panel? Rick Davis is back with us and Jennie Schanzano of Bloomberg Politics contributors on, Joe Matthew and Washington. This is Bloomberg.

You're listening to Bloomberg. Sound On with Joe Matthew on Bloomberg Radio, the Fastest Hour in Politics with an eye on inflation and the job markets. Just to start the conversation here, we'll have the panel with us in just a second. As the job market, of course shows not just tightness across the board, but further tightness as drillers struggle to find enough workers to meet output targets this year.

So think about this. Of course, inflation, being driven by rising energy prices, has created the need for more production, but the job market is too tight to get the work done. The number of workers employed in US oil and gas jobs total a hundred thirty three thousand, eight hundred last month, down almost five from this year's peak. Just in July. So when you consider the impact that this is having on elements of our economy, it's far

more complicated as usual than the headline numbers. Rick Davis is back with us today, joined of course, with Jeanie Schanzano to make our signature panel on sound on Bloomberg Politics contributors. Rick, it's great to have you here. This story is not getting any easier for the White House. Uh, it's just incredible, you know that that the president cannot sell one of the strongest job markets in history because

of everything that it's basically causing. Yeah, Joe, I mean, this is a real quandary for the White House and the messaging team. Uh. They want to go out and claim victory around jobs, but jobs isn't one of the core elements of not getting inflation in check, and inflation is what voters I think are feeling to pinch around and and certainly it seems to indicate, uh, they're holding

him responsible for that. So he's got great news coming in on the jobs front, but it's I don't think it's even penetrating when you look at the survey data around what people say the number one issue is, and that's in placent. Listen to the language the message, Genie that he used today. Hager's town, Maryland, is where we found the president again. He was at a power train plant, Evolvo plant, uh, talking to workers. There are some supporters there,

but they had workers collected. Here's how he tried to sort of thread the needle on this. Listen. Now, the pace of job goes as cooling while still powering our recovery forward. Wage growth for workers remained solid, down from historic high pace months ago, but still growing for workers who deserve rays. And this is the progress we need to see in the short term and transition to a more stable growth that continues to deliver for workers and

families while bringing inflation down. In the long term, the economy build on a firmer foundation, a transition two more stable growth. We've been hearing that line more and more, Genie from the President, from Brian Deese, his economic advisors. I'd don't really know what that means, but when people want more money and greater opportunities, you know, is that

the message they want to hear? You know? I was thinking when the President got these numbers, he must have felt just so frustrated, Like what a maddening situation to have these historic labor numbers and the historic job growth, and yet to have a public that is so anxious. People are not feeling it. Many people feel, despite what it common to say, that we are actually in a recession, with most of commist say we're not. So I think the President and the team are trying to make the

case that we are moving in the right direction. It's going to take time, and I think that that is the right message to send. But of course time is not on their side. You know, as the Fed raises interest rates, it takes what six to nine months for that lag to actually have an impact. They are on the right course, and yet it's not going to be

in time enough to help the midterms. And the piece of really frustrating news for the president has to be people like Larry Summer's coming and saying we're going to actually be in a recession in eighteen months, because that's right before the presidential election. So the timing here is not good for the Biden administration all around. And I feel like, you know, the show Stranger Things, an upside

down world. He can't even celebrate his labor growth and jobs historic Johns right, I bet that's exactly how he feels. Not to mention the geopolitics happening at the same time here, uh rick, the the Opeque decision to cut by two million barrels. It's remarkable to hear the Labor Secretary bring that up Marty Walsh today and his sort of analysis of the overall pictures is, you know, yeah, this is great, but we gotta get this. We gotta get inflation down,

and OPEC just made it a lot more difficult. None of this can be fixed between now in the mid terms. We have to acknowledge that. Yeah, I mean, you know, you're thirty two days away from the mid terms. Uh, you can release all the strategic petroleum you want. Your impact on the price of gas is gonna be a negligible and the narrative is not great. Right. People remember way too well a month ago having surging gasoline prices.

All they gotta hear is that OPEC plus is um reduced output and they're going to be expecting the brace and every day morning news today in Arizona where I am, um, you know, the price of gasoline has gone up, so they're gonna hear it every day on the on the

news and and they're gonna feel it. It's a pump so uh at the end of the day, UH this this administration, Democrats have been challenged by economic news going to this cycle, and it doesn't look like they're going to get any relief going in the next dirty days.

So then the question becomes, Gennie, is is row you know, the issue of abortion rights combined with some of the other sweeteners like student loan debt, like uh pardoning people convicted of marijuana possession, do those add up to be uh any kind of competition for for the big issue of inflation. As we look at the pools, the answer is clearly no. I mean jobs, the economy, inflation, those are the big issues on people's minds, and unfortunately for Democrats,

followed by crime in many cases. But Dobbs still does play big. And you know what else plays big, Donald Trump election denial and extremism. And I think these numbers are an indication that we might hear the President be even louder on those scores as we as Rick said, in the next thirty thirty two days, they pushed towards this midterm to get their base out to vote, even as another prominent election denier softens the edge on that story.

We're gonna bring you to right where Rick Davis is Arizona, the big Senate debate and a fascinating conversation with Liz Cheney, who has a warning for Republicans in Arizona. That's next. This is Bloomberg. I got a breaker here from the New York Times on the campaign trail, and it brings us back to Georgia. This is the story that just keeps telling. As I read at the New York Times, a woman who has said herschel Walker, of course, the

Republican Senate nominee and Georgia paid for her abortion. This has been a big story, scandal, whatever you want to call it, over the past couple of the days. This woman told The New York Times that he urged her to terminate a second pregnancy two years later, they ended their relationship after she refused. We're gonna have more on this coming up with the panel a little bit later on this hour, but I just want to give you

a sense of what's happening as we speak. This following the big throw down in Arizona, the debate last night Senator Mark Kelly and Republican Blake Masters going at it and what will likely be I'm assuming it's one and done here the first and only debate in a race. Again that may help to determine the balance of power in the U. S. Senate. Of course, it's Arizona An immigration loomed large. This is an area where Mark Kelly kind of broke away from the Biden administration and even

his own party. Listen to Mark Kelly in the debate. You know, when I got to UH Washington, d C. One of the first things I realized was the Democrats don't understand this issue, and Republicans just want to talk about it and complain about it and actually not do anything about it. They just want to politicize that. We heard this tonight from my opponent, Blake Masters. You know, he thinks he knows better than everyone about everything when it comes to border security. I mean, I've been focused

on this and on immigration. Yes, we need comprehensive reform the key word there. But interesting Democrats don't know what to do with this issue, he says. Then again, Republicans only want to talk about it. Here's the response from Blake Masters. If this is the result of Senator Kelly being focused on the border. My gosh, he's the most ineffective and worst senator of all time. The borders wide open,

people are walking through by the hundreds of thousands. You know, if the Mexican drug cartels, if these terrorists, narcos, if they could vote in the selection, every single one of them would vote for Senator Kelly because they get what they want from him. Let's bring in Ryan take Back with Bloomberg News national politics reporter who's been tracking, uh, the races, of course, the debates, but also the evolving language in some of them. Ryan, it's great to have you.

I really appreciate your being with us here on a Friday. This felt a bit like a draw in Arizona. Is that how you see it? Yeah? And in this race, um, a draw is going to favor the Democrat. There's still a lot of compentitive races in Arizona right now. I don't think that we really know which way the governor's race is going to go. Secretary of State place there is still up for grabs. But I think that in the in the Senate race, Kelly seems to have really

gotten the upper hand. And I don't think that this debate changed that. I don't think that it was you know, a you know, amazing performance by him, but he did what he needed to do and Masters just wasn't able to kind of break through. I'd like to ask you about a little bit more about Blake Masters. Uh. You know, at first he was asked about whether he had scrubbed or what acknowledged that he had scrubbed his website of of of what we're seen as some extreme views on

abortion with no exceptions. He said that's not true and tried to qualify his stand on this. Then of course came the whole idea. And he is a noted election denier and certainly endorsed by Donald Trump. But when he was asked about it, we saw we heard similar language to what we heard from Don Baldock in in uh in New Hampshire, who really took a turn away from

saying that the election was stolen. And last week on the broadcast here on sound on Jeff Deal or just a couple of days ago, Jeff Deal, the Republican running for governor in Massachusetts, framed the so called rigging very similarly to the way Blake Masters did. But let's start with the way this, this went down in the debate. Here's Masters again, is Joe Biden the legitimately elected president of the United States. Joe Biden's absolutely the president. I mean,

my gosh, have you seen the gas prices lately. I'm not trying to trick you. He's duly sworn and certified. He's the legitimate president. He's in the White House, and unfortunately for all of us. Okay, so what did happen then if somebody was thumbing the scale. Here's Blake Masters with a with a little bit more of that answer. I think it's a problem that the FBI forced Facebook.

They pressured Facebook and other big tech companies to censor true information about Hunter Biden's crimes in the weeks before the election, and so millions of Americans didn't get to read about that. They didn't get to read about Hunter Biden and his corrupt business dealings with China and the Ukraine business dealings which credibly implicated Joe Biden. And then the media lied to us about it. They said, oh, that was Russian disinformation. No, it wasn't. It was true.

And so when the media is lying to people helping big tech and apparently federal law enforcement censor information about presidential candidates. I think people start to worry about the integrity of their life actions the media, big tech, and federal law enforcement. Ryan, This is exactly what we heard just a couple of days ago from Jeff Deal. As I mentioned, is that the new answer is it code or is just that this is the only way an

election denier is going to back out of this? Yeah, I mean to be very clear here, Blake Masters isn't just an election denier. He spent his campaign money to run an add in the primary that begins with him looking directly at the camera and saying, I think Donald Trump won in so so of all of the election that I am that I've been talking and I've been

tracking more than the um you know they are. There are lots of different ways that they have said that where they have come tried to sort of said, well, you know, I have some questions. That is really high up there because it isn't just something he said. I mean, he keap money to say it when he wrote us script out and we proved that. So it's really hard for him to bear in a way from that. Now we've seen with John Buldock, you know, he did reverse

himself after the primary. In the primary, he said, you know, I stand by a letter that I signed that that the election was stolen. Then immediately after winning the nomination he said, I've actually changed my mind. And then recently he went back again and said, actually now he doesn't know if the election was stolen or not. And it is a very very hard sort of not untie, once

you have tied it. And I just think that Masters is kind of talking himself in circles, and it's it's kind of necessary to point out that what he said there is not accurate. That the FBI did not order a big tech to do anything. Uh. What happened was that there was a story and the social media company kind of on their own decided to not amplify it. Uh. And I and you can doubt that PC issue. Well, we're going to be hearing it again, then again and again based on what we have already heard the last

couple of weeks. But this is this is an interesting trend. We're gonna reassemble the panel and get their take on this byan take back with great conversation. Have a great weekend, Ryan, and stay with us on sound on This is Bloomberg. You're listening to Bloomberg. You sound on with Joe Matthew on Bloomberg Radio. Donald Trump said, just as recently as Wednesday, there's two days ago in a speech in Miami, that the election was stolen in that he was the winner

in and and easily won this. So how does that square with what we're hearing from Blake Masters, Don Baldock, Jeff Deal and what will that mean for their relationships? He endorsed them and now they're not so sure. Well, actually, you heard from Blake Masters. He made it clear he thinks that Joe Biden is the legitimate presidents. Let's reassemble

the panel. Rick Davis G. D. Schanzano with us. Rick actually is in Arizona where the debate took place and was part of a really interesting event, fascinating conversation with Liz Cheney. Rick actually put the whole thing together. It took place at the McCain Institute at a s U and Rick moderated this conversation that was newsmaking. Liz Cheney was urging voters specifically in Arizona to reject Republican candidates who were election deniers, not only for governor Senate but

also secretary of State. And she had a message as well. I thought was fascinating for Glenn Yuncan, who went out there to uh to stump for the election, denying Republican nominee. Here's Liz Cheney. I don't know that I have ever voted for a Democrat, UM, but if I lived in Arizona now, I absolutely would and for governor and for secretary of state UM. And I think, you know, we cannot be in a position where we elect people who

will not fundamentally uphold the sanctity of elections. And I think that that's got a you know, more important than anything else. That's pretty incredible to hear from anybody with the last name Cheney, Rick that if I lived in Arizona or in a state in a similar place, it's not just Arizona. Looking at election denying secretaries of state potentially being in office, she says she would vote democratic. Did that surprise you? Uh? It didn't surprise me. Uh,

you know, following Liz Cheney's career. But more different than not vert, that's different from not voting, uh. And that is a significant departure from her family tradition. Uh. She's got a rich family history of dedication to the principles of the Republican Party in her own career, but it's pretty obvious that when she looks at candidates who basically say, uh, in their campaigns that they will refuse to honor an election that they don't win, then I mean, it's what

else can you say? Uh? These are not people who have agreed to play by the rules of democracy, and we are a rules based country, and they decided to go a different way. And I I think it's honorable on her part. It was obviously a career changing decision by her to get involved with the January six Commission. But you know, she makes the point that the um the president is unraveling our republic and that the fragility of American democracy should be taken seriously. And she's a

very good spokesperson for that very important topic. Yeah. I mean, look the results of her primary we're brutal, but she has been an incredibly effective communicator when it comes to this issue. Listen to Donald Trump genie from Wednesday Miami, as I mentioned it was the Hispanic Leadership Conference, as he talks about what he thought was an unbeatable position going into the election of and he says it in

a way that only Donald Trump could he. I remember a very famous polster, very well known, John McLaughlin, came to my office just prior to the play coming in. He said, Sir, if George Washington and Abraham Lincoln came alive from the dead and they formed a president vice president team, you would beat them by that's how good our numbers were. He says this with a straight faced genie. I'm assuming he doesn't really have the research to back that up, but this is how headstrong he is. It is,

and it's how humble he is, gentlemen, humble man. Yes, I could just hear four score and seven years ago ringing out in my head as we listened to his his waffs and waynes and you know, um, you know, I I've never I can't imagine we'd see numbers of that kind. We do know he still has a lot

of support in the Republican Party, that's for sure. And I think, you know, this brings it back to what you and Rick were just talking about in congratulations to Rick on another really important McCain Institute event, I mean, really a newsworthy event, and what I was struck by at the event when Liz Cheney was asked how she defines I believe she was asked how she defines her

patriotism or what the meaning of patriotism is. She said, putting country above political party, and putting your own political interests in political future and career above your party and politics. So, um,

you know, or put the reverse way. I can't say it the way she said, um, but you know, that's where we are at this point, and she's very much in the minority as we look at her warnings about what's going on in Arizona at the state level, and then a Brookings report out the other day saying four hundred and thirty five election deniers are on the ballot and about close to sixty percent of them have a real shot of winning at this point, Rick, what was

your take on the Arizona Senate debate. We spent some time on it a bit earlier this hour. Uh Senator Kelly uh Mark Kelly was considered in it to be in a very vulnerable position. How has he strengthened his hand over the last couple of weeks, You know, I don't, I don't know if he's strengthened his hand. Um, any candidate who's incumbent and going into a month before the election and has a pulling of about anything over is

is a good is in good shape. Right. Um, the election has closed, there's no question, as the Republicans have sort of consolidated around Masters, who they did not know very well when he won the nomination. Um, you know, it's it's tightened up, but that's just primarily because the Repulican Party has surrounded their nominee. Um whether or not he can get any crossover independent votes, which independent votes in Arizona are everything right there, the largest identifiable group,

bigger than Republicans and Democrats. So I would say advantage, you know, like what Ryan Beck was said earlier, advantage Kelly. You know, you've got to take it away from him. It's his election to win right now. And uh, and I don't think anything happened in that debate that otherwise would have done it. Look, I mean, the issue set doesn't break well for him right The border is a major issue and the Blood administration has has screwed it up.

So insomuch as he's kind of running away from that. Um, you see Masters running away from Donald Trump. I think that's a foot race that I'd have to say Kelly's got a more likely chance of winning, fascinating the real clear average. By the way, the poll of pulls Kelly up for point one. Uh. We've got a January six committee hearing next week. This was rescheduled. Uh, and that's going to be taking place on Thursday, by the way.

But I just I do wonder as we discussed this idea of election denying, Uh, what you thought about both of you? Which you thought about Liz Cheney name checking Glenn Youngcan who many believe to be the future of the Republican Party and could in fact be your presidential candidate. He's been traveling the country helping Republicans raise money. Uh, and you know he has PAULA Page was on the list. Carry Lake was on the list, which got Liz Cheney's

attention in Arizona. Uh, Genie, is he mortgaging his reputation by sharing stages with candidates like this? You know that's the case that Liz Cheney is trying to make that you can't have it both ways. You can't both try to run as a moderate as he has and to present yourself as a as a leader of the major political party in the country, you know, one of the major ones, and at the same time be courting funding

and electioneering on behalf of election deniers. And I think, you know, at this point it's not a message unfortunately for Liz Cheney that's resonating in the party. But I think she is betting on the fact that as time goes by, the message will resonate. And you mentioned January

six hearing. Um, you know, I think this is you know, likely going to be the last public hearing we have, and I think we're going to here an awful lot in that vein as we as they make this case over and over again before the election, we probably won't hear from them again after. Is it unwise for Glenn Youngcan to be cavorting with the carry lakes of the world. Rick, Yeah,

I just don't see what's in it for him. He very definitely negotiated his way from having to do anything related to Donald Trump in his primary and general election in Virginia. Uh. Everyone looked at that and said, Wow, this could be the model. We could actually get a Republican elected without having to cow tow to Donald Trump. And I wouldn't call him a moderate Genie. I mean,

he's a conservative Republican in a conservative state. But he does mortgage some of that appeal by going around and giving some of that positive impact that he's carrying with him to candidates like Carry Lake, who who has has tried to now do a backflip to very similar to Masters, who's running in this and a race to convince people in Arizona say oh no, no, I didn't need any of that stuff I had to say in the primary.

Um So, so look, we used to run to the right to win the primary and come back to the center of politics to win a general. Now we run to Jnald Trump in the primary and then try to run away from him as fast as we can in the in the general. So it's a big spin. I promised to ask you both. We only have a minute left. I we don't have to get obviously too far into this. Did herschel Walker just make his life more difficult? Is this story? Uh? In the New York Times? Genie change

what was already a mess. It makes the mess a whole heck of a lot worse. And I think it's going to keep getting worse. And you know, uh, the fact that he simply does not have a response to this, and the stories drip drip keep coming out, And I would just tell Breck I call Young n a moderate because in the Republican Party today he's pretty much it. Huh. Well listen, And it was really more his lack of relationship with Donald Trump writer appearances. But Rick, would you

put herschel Walker on Sunday Morning television this weekend? I think I'd try to put him in a hotel room and lock him up. I signed with Lieutenant Governor. You pick a candidate like this, you better expect a rough ride. Wow the next couple of days and you're gonna be something on that story. I'm glad we could all be together to usher in the weekend. Rick and Genie, thank you so much. We'll be back with another edition of Bloomberg Sound on Monday, the Fastest Hour in Politics. If

you showed up late, subscribe to the podcast. You'll see what I mean. Have a great weekend. I'm Joe Matthew. This is Bloomberg