Sound On: Russia Land Grab, Ian Fallout, New SCOTUS Term

human remains. Bloomberg Sound on with Joe Matthew on Bloomberg Radio. Vladimir Prutin says the annexation is forever. Welcome to the fastest hour in politics, as the Russian president completes Europe's biggest land grab since World War Two. The UN calls the move illegal. The US is cranking up the sanctions. Will be joined at this critical point in the war in Ukraine by Michael O'Hanlon, senior fellow at the Brookings Institution.

Later this hour, Hurricane Ian makes landfall for a second time after leading a leaving a wide path of destruction in Florida. We'll get the latest from Bloomberg's Will Wade, who is still in Florida surveying the damage, and we'll look at a wild week in politics with our signature panel Bloomberg contributors Rick Davis and Jeannie Chanzano or with

us for the hour. Everyone saw it coming, but it was still startling to hear from Vladimir Putin today as he formalized Russia's annexation of what is fifteen percent of Ukraine, the regions we've talked about throughout the war, Curson, Zaparisha, Donas and Luhansk, four territories. He spoke to a massive

white ballroom full of lawmakers and elite. As we hear through a translator, I want the key of authorities, and they're real masters in the West to hear me and remember but those people who live in these four regions by becoming our citizens forever, our citizens forever. Now. Of course, the international community condemns this move as illegal. We have heard from the U n on this prutent clearly does

not see it that way. Here he is again it is their lawful right, which is stated in the an Article one of the Charter of the United Nations for people's right for self determination. Uh u N Secretary General Antonio gu Terrorists says in a statement qulled the Charter is clear any annexation of a state's territory by another state resulting from the threatned use of force is a

violation of the Charter. Here's reaction today from the White House, President Biden, the United States, who want to be very clear about this. The United States will never, never, never

recognize Russia's claims on Ukraine sovereign territory and more. Where that came from the US increasing pressure today on Russia with who knew there were more sanctions that we could add here, sanctions against the head of Russia's Central Bank, it's deputy Prime Minister, hundreds of other prominent Russians and businesses, the Commerce Department adding fifty seven entities to its Russian

export blacklist. Of course, there's a lot of worry that Putin could use the annexation, which again covers fifteen of Ukraine, is grounds for escalation. Will he see an attack on land that Ukraine considers its own as an attack on sovereign Russian territory. This is getting more dangerous and certainly more complex, and we wanted to talk about it with Michael O'Hanlon, author and Senior Fellow and director of Research and Foreign Policy at the Brookings Institution. He's with us now, Michael,

thank you for being here with this. This move by Putin lead to a wider war. Well, thank you, and thank you for the excellent praying of the issue. I think your point that Russia may want us to believe that, at least in their own, you know, Russian minds, this is now Russian territory, the swath of land from the Dome Bus over to Crimea, I think that's you know,

that's possible. On the other hand, you know, Ukraine has been attacking Crimea in various states of this fight, Russian positions in Crimea and Russia next Crimea quite a while ago, you know, according to Russia's own rules and regulations and Putin's of view. So I don't know that we need

to be scared of our own shadow on this. I don't think that we need to sort of hold back the Ukrainians from trying to liberate more of these four provinces just because Russia might manufacture some argument that even Putin would know is ridiculous and therefore justify an opportunity for further retaliation. You know, Putin, Um, I think when he talks and when he speaks and when he writes, there's at least two different levels of seriousness and maybe three.

One is what he really believes, and he actually sometimes tells you what he really believes, like that essay he wrote last summer, or the Munich Security Speech of two thousand seven when he railed against the West and all of its supposed offenses against him and against Iraq and Georgia Ukraine. Then there's the Putin that is manufacturing pretexts for something he already wants to do, like in Book un Charter, to defend this annexation. And then there's the

Putin that just flat outlies, uh. And that's and that's and that's in regard to things like you know, interfering in our elections or arming separatists and Dome Boss and you've you've sort of got to think hard about which level of communication are you dealing with with Putin, because they're all relevant and they're not that hard to tell apart, uh,

you know. But but of course he's trying to use them all in a way that's confusing and at least maybe for his own people, and for some wavering countries around the world, maybe they're not as sure about And they were all in that speech today, All those all three of those Putin's you mentioned have played a role

in this address. But you mentioned Crimea. That's interesting. This was informed by what he did in crime You How is it different, Well, it's different in the sense that, you know, if you're going to have a good old fashioned high school or college debate or something like that, you could you could you could put pretty smart people on each side of the Crimea issue as to who's it should rightly be and have a good long conversation

without having to bring in Russian duplicity. Doesn't wouldever justify the way Putin took it in, of course, but but you could certainly argue that historically, if you know, if you go back centuries, Crimea was occupied by the Ottoman Turks for a while, and it's just had a much more complicated role in Russia and Ukrainian history than some central parts of the country. Beyond the case to be made, though,

just I wonder does it end differently? You know, this is actually Crimea annexing Crimea worked out pretty well, for Putin, he didn't. I mean, there were some sanctions, but he didn't really have to face that much opposition. They've got tanks on the ground this time around. Yeah, I mean, you know, in addition to the fact that Primea has a lot of Russians and Russian speakers and a lot of history with Russia and was given by Krushov to Ukraine just sort of as an internal rearrangement within the

Soviet Union, when it didn't really matter. The four provinces that Putin's just grabbed or claim to grab, you know, they have a lot of historically have had a lot of pro Russian and Russian speaking populations. But but this is a completely manufactured argument compared to Crimea, where you know, I obviously didn't support what he did in Crimea, but you could sort of see the case for not what he did, but for a referendum that would allow uh

citizens of Crimea to choose between Russia and Ukraine. That might have been a close call, but not so much with these four regions. I mean, the separatists in certain parts of Dombas in the east are in Russia friendly territory, but especially given what's happened these last few years and these last few months. I just don't think there's any argument that Putin can make that these four provinces belong

with Russia. So I guess that's an even more stark offense against sovereignty and against the UN Charter what he's just done this week. Michael, what do you think of the sanctions the response today? Clearly they kind of had this in their pocket for the next shoot to drop. Um, And I just asked myself every time, you know, we we thought we had done everything we could. Why didn't Why didn't we front load the sanctions more? Because it

certainly didn't slow down Vladimir Putin the way we did it. Yeah, you're right, Um, we'll probably have in our pocket. By the way, Well, since it's a Friday afternoon and I like looking on the positive, I will say the way in which we've reacted hopefully has been noticed in Beijing. Because as bad as this war is in Ukraine, and it's of course nowhere near over, and it could still escalate. Uh,

even worse would be a Chinese attack on Taiwan. And even though it turns out we didn't have a full range of sanctions conceptualized in advance, and you're right, we

should have done better. And I did some writing about this two or three years ago, and which I argued for having that kind of a range of sanctions in better place and also some better resilience in the West so we can withstand the counter reaction, you know, whether it's from Russia China nonetheless, Um, you know, it's been pretty painful for Russia to see that they're basically not getting any high tech goods from anywhere on the planet, even from China. And and I hope the Chinese themselves

have noticed that. You know, if they were attacked Taiwan, it might take us a while to figure out how to decouple from them economically, and in some ways it would hurt us just as much as it hurt them. But we would do it because we in the West still have a certain amount of backbone and principle. We're still ratcheting up things on the military side too. It's not just the sanctions. Jake Sullivan today said we might

consider sending tanks. Uh do you see that? And is that any different than sending MiGs a couple of months ago when when the Ukraine was begging for them. It's a good question whether it's that much different than sending fighter aircraft. But I think it is different ultimately than sending fighter aircraft or long range missiles that could reach into Russia, because we at least are clarifying that we're

trying to create capable for Ukraine to liberate its own territory. Now, in theory, a tank can drive a thousand miles from North I get I get the point though, right, but it needs a logistical support line, and um, you know, it's not the kind of thing that can you can just wake up one day and fire on Moscow, whereas with or attack coms you could. So I think the considering, uh, considering sending tanks. By the way, the polls have already sent a lot, and so it's not like we would

be crossing a threshold for the first time. We would just be sending traditionally Western tanks, you know, and sending more. I think that makes sense because the Ukrainians are not going to liberate all of their currently Russian occupied territory just with high mars, just with these precise artillery rounds. They're gonna need to be able to move across open terrain. So I think you know Jake Sullivan may have it right. Lastly, Michael, I have only a minute, and I appreciate your time today.

That the ideas that we heard, the theories we heard come from Vladimir Putin today, Uh, we're really jaw dropping at times. I mean, he invokes Satanism when talking about the US. Is after what you saw and heard today? Is is this a man of sound mind? Unfortunately? Yes, Well maybe it's not unfortunate. Maybe it's better than the alternative. I think he's whipped himself into a frenzy. You know.

I was just rereading Bill burns memoirs this week. Bill Burns, the CI director who has been ambassador to Moscow and had been under secretary and then Deputy Secretary of State, and has known Putin for twenty plus years. And the way Bill Burns describes Putin, he he says his views have hardened over the years, and I think that's a night Bill Burns is always a master of understatement, but he's also a master of precision, and I think that's a good way to look at it. I don't see

any sign yet that Putin is either crazy or dying. Um, I guess just as yeah, and I think what he does is he uses in this kind of a situation, he'll use rhetoric, He'll he'll ramp it up, he'll go a little off the rails. He himself knows that he's doing in that um. But I don't think he's really lost his marvels. And that's probably just as well since he has five thousand the day left. God Michael O'Hanlon,

great conversation from Brookings. Thank you. We assemble the panel next on a Friday, Rick and Genie, this is Bloomberg. You're listening to Bloomberg who sound on with Joe Matthew on Bloomberg Radio. Satanism, neo colonialism, the ideals that drive America in the eyes of Vladimir Putin. It was quite a speech today, quite a show at the Kremlin, and we did catch a few people falling asleep. Yes we see you, Sergey. Here's Vladimir Putin addressing what appeared to

be hundreds in the room gathered for this. They wanted to see us as a colony. They don't want to have an equal partnership and corporation. They don't want to see us as a free people. For them directs threat are you our philosophy, and this is why culture and our philosophy is not to their la king through a translator. Of course, let's assemble the panel Bloomberg Politics contributors Jeanie Chanzano and Rick Davis together again. Rick is back with us, and boy just in time. Rick, what a what a

display in Moscow this morning. But this was kind of a new level from Vladimir Putin. I mean he was going back to Vietnam, he went back to the Korean War, he went back to Hiroshima uh to frame the United States as this, you know, colonial empire that wanted to make Russia its own colony. And yes, people were falling asleep in there because it was a long speech, but most of them were nodding along with this. This is their reality. Yeah, this is Russia as we know it

in the leadership. I'm not sure how much of this would be wholly supported amongst the people of Russia. We see a different reaction happening on the ground there now toward the war, and you can assume that we sort of fit into that Ukraine perspective. But look, this is

Vladimir putting on the ropes. I mean, he's used to given stem Winders and and and and and and and bloviating about you know, the past, and and we know his view of the past, right, it's it's it's it's fascist, it's dangerous, it's it's an ugly view of the past. And and he put that on full display. I mean, I think this was as much about trying to push the West into pushing Ukraine to try and negotiate a

settlement as it was laying the groundwork for potential escalation. So, you know, on one hand, he's de escalating by trying to force us to the table by you know, being so rhetorically over the top, and then on the other hand, lays down a marker in the sand. It says, anybody who fights on this territory is now fighting in Russia and and we'll see that as an attack on the onland and therefore escalates. So uh, only he could do both in one speech. And uh, and I think that's

what we witnessed today. That's fascinating thought, Jennie. We've talked about this possibility, we saw it in Crimea, we've talked about it on this show. And sure enough, he schedules the the votes and the so called referendums and then followed by almost immediately the annexation. Uh. This time around, though, the world is watching in a different way than when he annexed CRIMEA. Does this make it more dangerous or is it possibly an off ramp that that he's paving here?

You know, this speech was remarkable in so many ways. You know, I think in large part was intended for the audience at home to show the people who are of course suffering, and we've seen a lot of pushback against his his call to get you know, more people and scripted into the military. He is trying to show them their sacrifices were not in vain. The to me, it read like an attempt at a Russian victory speech.

You know, we are now victorious, if you will. As they held hands together with these you know, Fox leaders of these four annexed areas. And I agree completely with with Rick's interpretation. You know, what we're seeing here is he is saying, Okay, we've gotten what we wanted. Now we're ready to go to the table. But how on

earth could Ukraine's president go to the table. And then on the other hand, he's saying, and if we don't you know, the reality is that we were going to use all means at our disposal to keep this territory, and that includes this continued threat of nuclear attacks. So you know, it is a very very difficult time and what a show from all perspectives. Well, he really wanted

to frame this as a cultural war as well. He spent a lot of time talking about the competing cultures here, uh and even sounded a little bit like a victor orban I don't know if he's trying to get a book at CEPAC, but Vladimir prutents go on all the way to like the tram this issue here in schools

in the United States. Listen to this. If we want in our schools, primary schools for children being taught about degradation and be told that there women and men and then there they and that someone is having a sex change operation, No, we don't want it for us. It is not acceptable. That's I mean, this is really getting out there. Rick, what who is he talking to? Probably Tucker Carlson that he wants want to go on Fox News.

Tucker might be a speechwriter. The reality is this is all part of this same elaborate attempt that that Russia is making to divide the US along cultural lines, along race lines. I mean we've we've been learning even this week that there have been all kinds of efforts, you know, by the Russian disinformation Bureau to try and penetrate um what's happening in our mid term elections. I mean this, this is this is a constant struggle for truth, and

Vladimir Putin is the master of the lie. And so I think that part of what this speech should do is galvanize the West, not divided, and empower them to realize that this is not going to stop in Ukraine. Right, we were focused on Ukraine. Right, the free people Ukraine to prevail. We want to deliver anything we can, but this war will not end in Ukraine. Genie, We're out of time. But do the sanctions meet the moment this

time around? You know, I think they are okay. And watch for him to try to conscript some Ukrainian men from these works territories, and that's com'll see those images this weekend. Great to have Rick and Jennie with us for the hour. We're gonna turn to the hurricane next and head to Florida with Bloomberg's Will Wade. This is Bloomberg. The headline on the terminal says it all here a death toll from hurricane and likely to take weeks to finalize.

And that is the story in Florida, whereas I read, it's one of the first questions asked in the aftermath of a massive hurricane like Ian, and at this point one of the hardest to answer. How many people have died? Kevin Guthrie is the head of emergency management in the state of Florida. This is from his most recent briefing. We have twelve unconfirmed fatalities in Charlotte County. We have eight unconfirmed fatalities in Carrier County. We have one confirmed

fatality in um in Polk County. So that brings us up to one total twenty one. Here they're trying to when he says unconfirmed, the state is trying to verify whether they were a result of the storm or unrelated causes. But I think we know that this number is going to get worse. If you listen to Guthrie again, Florida's emergency management director, he just just paints this terrifying picture. As now, coach Guard divers are starting to head underwater

to continue with their search. Listen, the water was up over the rooftop right, but we had a Coastguard rescue swarmer swim down into it and he could identify that it appeared to be human remains. We do not know exactly how many. We do not know what the situation is. And before we comment on that, we know we want to be transparent, but we just don't know that number. And we got a couple of other situations where we

had that particular type situation. Yeah, a couple of other situations indeed, and what these rescuers are going through right now is something that we'll never know. You'll never know without doing it. Will Wade is in Florida still, he's been driving around. Joined us yesterday from Tampa and he's made his way to Venice, Florida. Bloomberg Energy reporter Will Wade with of course an eye on the electric grid

and so much damage that has come. Well, thank you so much for being back with us today on Bloomberg Sound on. What is it like in Venice? Well, Venice is starting to come back to life. I was in uh, Charlotte yesterday. It was pretty trashed. Venice didn't get hit as hard. Uh, nobody here has electricity. Nobody nobody even knows when they're going to get electricity. But a lot of the street signals are working and that's helping traffic flow.

I'm seeing some of the gas stations are back in service. Yesterday there weren't any gas stations pumping gas around here, and the huge lines of cars to get gas. I actually really struggled to fill my tank yesterday. I finally found a place in Tampa, so it's coming back to normal. I saw a car loaded with surfboards. So people have their priorities. Uh interesting though, that my gosh, there's just been no progress in some areas when it comes to power.

We should let people know. By the way, Venice is, it's Gulf Coast. It's south of St. Petersburg, south of Sarasota. That about right, Well, yeah, yeah, it's it's a little further north of Charlotte her which is where it was yesterday. How much of a story was flooding there. I don't think the flooding was that huge a story. What I saw was a lot of trees that had been blown down.

I know, it's amazing, it's kind of the randomness. I was talking to one woman She had this beautiful, huge oak tree in her front yard and it was fine, although a lot of branches fell down, big branches. But there was another oak tree in her backyard, even bigger, and that one blew down. So it can come by and destroy one house or one tree and leave the next one standing. Incredible. The hurricane is going to cost us insure a sixty three billion dollars, according to a

risk modeling firm that Bloomberg spoke with today. Are are are their folks already going out there to assess damage at this point or is it still kind of rescue mode across the state? You know, I don't actually know. I'm sure that it's probably both. The rescue mode people are have a lot of work to do. It can't possibly be done. I'm sure they're still in the first is of search and rescue. I did talk to a couple of people that said they had already filed insurance claims.

I talked to gentlemen. He he lost his whole house. So he was a in a mobile home community and he came back yesterday morning and the roof was gone, so it's a goner. So he's already filed for insurance but he's planning to rebuild. He said he loves it there. He's never gone anywhere else. That's incredible. That's Florida. Will thank you. I appreciate your reporting and thanks for coming back to talk to us today. Will wait as Bloomberg's Energy reporter. What a week he's been having down there.

As we reassemble the panel, just for a moment on this, we have breaking news from the White House. The story I haven't even mentioned yet. It was one of the biggest yesterday. Well, it's not a story anymore. Joe Biden just signed the cr So guess what, everyone, The government is not going to shut down at midnight, not that anyone said that would happen. Rick Davis and Jeannie Chanzano

are with us Bloomberg Politics contributors. It's been interesting watching Joe Biden these last forty eight hours as he navigates government funding a war in Ukraine, you know, the situation with Russia, everything else has been going on, but also this hurricane. Uh, it's got to be a good moment for him, knowing that Rick, he's he's been doing okay on the phone with Rhoda Santis and there's no government

shutdown to worry about. Well, it's never good moment when you have a hurricane devastating a big state like Florida, and so uh, all efforts I'm sure underway, as they have been in past administrations, to do everything they can to unload resources into the state and manage, um, what's happening there now, because obviously the storm itself is really devastating and difficult, but the aftermath can also cost lives and be very very tough on on on the people

of Florida, so and and now South Carolina and more so. Um, I know Joe Biden is probably the most empathetic president we've ever had, and I'm sure there's people there. Yeah, but look, I mean, you know, the White House knew that this um uh spending bill was going to get past. They knew at the end of the day would probably happen at the last minute. Uh, And so I don't

think that ruffled their their feathers very much. I would say they're probably more ruffled by the hurricane than anything they've done lately, because obviously this has just massive consequences on a state that frankly is an incredibly important state for the Democratic Party and the Republican Party. Has this been a good week for Joe Biden? Jenny, Yeah, I

mean I think it has. He's been, as you mentioned, dealing with a you know, a number of issues that you know, you can imagine would take somebody, you know, the entire news cycle in a regular time period, and we've been dealing He's been dealing with all of them at once, and he has done well, I think so far in this storm, particularly by the state of Floriden. Is his discussions with Rhonda Santis. Alright, we'll get back to this with Rick and Genie on Bloomberg Sound On

the fastest hour in politics. Coming up, we'll stare down the barrel of the next Supreme Court action that starts next week. I'm Joe Matthew and Washington. Thanks for being with us. This is Bloomberg. You're listening to Bloomberg. You sound on with Joe Matthew on Bloomberg Radio. President Biden

says he is going to Florida and Puerto Rico. We don't have details from the White House on these trips, and I suspect that they'll be they'll be announced with relatively little notice, as we just don't have a sense of when it will even be safe for him to go to Florida, never mind not get in the way. Puerto Rico is a whole other matter, though in a much more complex travel assignment for the White House staff. We reassemble the panel with Jennie Chanzano and Rick Davis

Bloomberg Politics contributors are signature panel. Jennie, I wonder how important it is for Joe Biden to make both of those trips, uh and and namely, obviously Florida is going to be done pretty quickly, I'd say in the next week or two. But Puerto Rico is another matter and something that he needs to make good on now that he's put it out there. That's right. It's important to go to both, and it is going to be really difficult for him, particularly as you mentioned, to make that

Puerto Rico trip and to do it safely. Um. And of course, always leaders as they go into these situations, have got to be careful that they are not impeding any sort of rescue missions or any of the efforts down there. So I know the Florida one he will be able to do, as you said, quickly. I think the Puerto Rico one is a little bit more difficult. And then of course we are hearing some really really

difficult signs out of Cuba as well. Um, and so you know, he has not said anything about going there. He's not going to go there, but there are a lot of protests down there, and you know people have been really violently hurt in the last week by this storm. Well, I bet you Jim McGovern would like to get back down there as soon as possible. But Rick, when you think about that trip to Puerto Rico, Uh, the first thing that pops into everyone's mind is Donald Trump throwing

paper towels. There's more than the logistical challenges here, there are the politic ones. How does he prepare to make that a trip that works for him? Yeah, these uh, these big storms can be uh really terminal to a lot of people's political career. Uh. Mind everybody about George Bush and Katrina, as it was the beginning of the end of his presidency. Um, you look at, uh what happened to Chris Christie when he hugged uh President Obama when he came there and sort of ended his national ambitions.

Uh So, yeah, it's it's fraught with political trouble. And and yet I think, you know, this president probably more than any other who's he's been around such a long time as vice president for eight years, he's visited so many of these kind of uh um, challenging environments that I think, in this case, experience will be very meaningful for him. And look, you can't do any worse than than than his predecessor, uh Trump throwing paper towels and

you know, things like that into a crowd. And and this of course is after he'd already beat up the people of Puerto Rico by insisting that, uh he wasn't gonna spend any federal resources on on their recovery. So, uh this will be a snap compared to what they've experienced in the most recent past. Yeah, I guess so the comparison is favorable. Um. I want to ask you both about next week, and that's, of course, the new term of the Supreme Court. And there's a lot involved

here today though. It was the investiture ceremony for of course, the new Justice Katangi Brown Jackson, as you hear now walking out under the steps of the Supreme Court with the Chief Justice, and they spent some time, you know, making small talk while they had their pictures taken John Roberts. Then he peeled off and her husband met her there for a couple of photos as well. They made their way off and that where she was worn and already. Uh.

This was the sort of formal ceremony. And then things begin on Monday, with of course Justice Jackson involved here and we've talked a bit about this, uh, this new term that starts on Monday. Genie, there is you know, coming off of what nobody could have predicted this year, particularly with the Row ruling. There are a lot of concerns about what we might learn this time. What is important to you as you look ahead, you know, the first Monday in October always one of my favorite times

of the year. Joe Matthew as a Supreme Court takes its seat for the new term. Oh, I love it. But this term it's you know a little bit different. I mean, I think the Supreme Court has been in the public consciousness in a way that it hasn't been for many many years. At this point, we are facing, you know, less than six weeks to the mid term and whisp their last year's last terms decision in the Dobbs case is going to hang over what how pens

in that mid term. So you know, I think as we look with a new justice, as you mentioned there, I don't think we're going to see, quite frankly, much of a shift. I think we're going to see a lot of six three decisions are going to be continuing. And we shouldn't forget that they have already accepted and are going to hear some really politically fraud cases, including

this run. Yeah, this this one on elections, which promises if they do go six three, as some people expect, to really change the way we do elections in this country. I have to been I thought, as the academic here at the table, that you would have pointed to, uh, the use of affirmative action in college admissions. That's that's

going to reverberate across the country either way. Ye that is, and of course that also raises a question about whether they respect their own precedents or not as they look at issues of affirmative actions. So that's one of several big cases they have coming up this term. We're gonna be talking a lot more about the Supreme Court, it seems like in the months ahead. Here Rick, this is yet another or sort of third rail when you consider affirmative action coming off the term they just had. Yeah,

you're absolutely right. I mean, these guys have found a way to work themselves into the political lexicon of America. Right. Used to think that, uh, you know, the Supreme Court would sort of function in a political way, that they were behind the pearly gates of justice, and you know, really those things were sort of torn down by this last uh this last term where they entered into so

many very very fraught political debates. And this is I think a little less charged than last year, but nonetheless, we'll have a pretty significant impact. And and you know these kinds of cases you were talking about affirmative action, Genie's you know, talking about these laws governing voting rights and giving absolute control by the legislatures, and they have a they have a significant impact on how things happen

in this country functionally. So these aren't just s S Terek things that the Supreme Court are doing and not gonna affect everyday lives. Yeah, it's pretty amazing. I mean, just October is going to be packed here, Uh, Jeanie, how important will it be for the country to get used to uh justice? Katangi Brown Jackson. Uh, it's been a minute since we've had a new justice. Obviously, that brings us back to the last president here, and it's something that so many people have looked forward to. Are

are we beyond that point of this story here? And she's going to become you know, part of this thing we call the Supreme Court? Or will she stand out and draw more attention as an individual? You know, she is a formidable justice and she you know, is the first female African American on the court. Um. You know, she is uh, you know, answering the the hopes and prayers of so many Americans as she takes this important seat.

She's going to be there an awfully long time. Um. One of the things we haven't talked about is the fact that despite the President's promise to think about reforming the core, there's been very little discussion of that in the administration. So no sort of decisions, as you will, in terms of you know, whether to allow these people to to you know, mandatory retirement, those kinds of things.

So she will be there for many, many years. And you know, she's entering a court while she will be in the clear minority, and so also entering a court in which you know, the American public is really questioning the legitimacy of this institution. For out of ten Americans feeling like it is an institution that is run by politics versus objective law. That's a big problem for the Court. We heard the Chief Justice try to walk it back this summer, but even his own Justice Elena Kagan, said

she disagreed with him on that. Pretty remarkable, Rick, I guess maybe a better way to ask that question is, you know, as as as an historic member and newest addition to the court, will she be under a greater spotlight as a new justice and as an historic one. You know, it's hard to tell at this point. Um, there's been so much change on the Supreme Court over the last few years that, um, you know, you're gonna

need sharp elbows to get noticed in this court. There are gonna be a lot of new justices who are going to be fighting for the ability to write opinions and stake out turf. The reality, based on a six three split of the court, uh is, if she's going to write any opinions, they'll be in a minority. So I think this court is so new that it's going to be a while before American public really gets a

sense of the Court. Obviously, there's a really negative reaction to the Court's last term, worst numbers and I've seen in the Court in thirty five years and and so this Court has to make decisions as to whether it is going to become more uh engaged with the public in order to kind of repair that damage, because that damage speaks to the credibility that the Court has and its rulings and the impact the rulings have in society. In the past, they've been sacrosanc I'm not sure they

can count on that now. The Voting Rights Act, Clean Water Act case, and uh, the race conscious admissions or if you will, affirmative action at some universities will all be heard in October. So we'll be talking a lot more about that coming up. I just wanted to remind everybody that this is starting on Monday. Boy, how about it? UH, great moment today at the White House. We try to end the week, my goodness, on a positive note. Joe Biden held an event here with the First Lady to

celebrate the Jewish New Year. They did this this afternoon. I want to bring you into the East Room with a couple of words to think about here. Just consider this as you're driving home, as you walk into the weekend. Here's Joe Biden. Later, Rabbi Jonathan Sachs, who passed away two years ago, once said that the most important lesson of the High Holidays is that nothing nothing is broken on repair, nothing is broken beyond repair. It's never too

late to change and to be better. I've always believed that message, and I also think it's universal. And we've emerged from one of our most difficult moments in our history. I believe nothing is broken beyond repair, and there's a lot we can do to change things and make people together. Nothing is broken beyond repair. Have a great weekend. We'll see you back here on Monday. I'm Joe Matthew. This is Bloomberg