Now from our nation's capital. This is Bloomberg Sound on people want to move away from politics as you hit Thanksgiving, as you hit Christmas, as we're spending time with families, as we're trying to figure out how we're gonna fill our oils. Our goal is to see to it that our relationship with Saudi Arabia is calibrated and recalibrated. Bloomberg Sound on Politics, Policy and perspective from DC's top name.
The only red way this season is going to be a German shepherd, Commander Knox over the cranberry sauce on our table. If that is the Democrats solution, Boy, are we cut? Bloomberg Sound On with Joe Matthew on Bloomberg Radio. She loves Me, She loves Me not. Welcome to the fastest hour in politics. As we go from talk of a production hike in Saudi Arabia to full denial in just twenty four hours, and with another OPEC meeting on the calendar next month and the holiday travel season starting now.
We talked with Bob McNally of Rapid and Energy, the author of Crude Volatility, on what lies ahead Later. Donald Trump gets the keys back from Twitter how will it
impact a presidential campaign and the virtual town square. We talk it out with Brian Ott, professor of Communication at Missouri State University, co author of the Twitter Presidency, and after the prospective Republican presidential field is rolled out in Las Vegas, we're joined by our signature panel, Bloomberg Politics contributors Jeanie Chanzano and Rick Davis with us for the hour to find some sense in the madness. Just because
they deny it does not mean it isn't true. But Saudi Arabia is indeed rebuffing reports from earlier today that it's talking about a production hike for next month's OPEC meeting. Prices were up after the Wall Street Journal report went right backed down when the Saudis said, not so much, I assume, leaving people like Bob McNally with a bit of whiplash today. Bob's founder and president of Rapid and Energy Group, author of Crude Volatility, The History and Future
of boom Bust oil prices. Bob, welcome back. Who do you believe on this one? Are are prices high enough? You just heard Charlie Pellett. We're back below eighty dollars of barrel. I realized that was partly because of the headline, but high enough for Saudi's to pump more. Yeah, no way, Joe, No, you're right. I'm having my neck fitted for a break. So much loop flash this morning. Um. If anything, the
conversation has been trending towards a possible cut. So I was quite surprised to see the headline that they're thinking of half manion barrel to day hike. It just made no sense and we advised our clients to that pretty fast. And then the minister came out and also the U a E Minister as well shut it down. You know what's interesting in his statement. He came out and said, uh that if we need to, we'll cut again, you know.
He his statement was quite sporty, um and quite pointed, and he said, look, the deal we did, the deal we took here, the decision we made last month is in force until the end of three um, and if we have to act again by cutting, we'll do so. So no, quite a quite a firm SmackDown from the Saudias, and I would believe that for December four cutting not hiking.
So here we are heading into the big Thanksgiving travel weekend, crude oil falling below eighty dollars as we heard, the average price of gas three six nationally according to Triple A, though I see there's still paying above four dollars in Pennsylvania and Illinois. California is still above five. What's this winter look like? Whether you heat your home or you're getting in the car to drive? Is this is this going to be painful? Or is this relief coming at
exactly the right time? Joe, It could be either. I'll tell you. In thirty two years, I've never seen a situation where the near term is is confronting such huge and offsetting risks. I can make a case for fifty dollar oil and two fifty gasoline, and I can make a case for a hundred and fifty dollar oil and four fifty dollar gasoline or five dollars. Look, it's Russia versus recession, and right now the procession is winning. China's winning. So oil prices are falling, but for the wrong reason
because of slowing demand. But there's a very big risk and the market is sort of decided to ignore Russia and the sanctions and so forth. That's going to get started here next month. And I'm afraid. I'm afraid there's more pain coming. I'm a little bum bullish this winner. But the market so far seems to be in a very bearish mode. This is fascinating Russia versus recession, and it sounds like I can swing at any given moment depending on the headlines here. So let's stick with recession
right now. If that's what the market is looking at, Bob, And the idea is that that's coming in three maybe towards the back end of the year, that would keep
energy prices depressed for months. You could, that's right, but you know what I think, um, In this case, this is very different than ORF or even the OPEC plus producer, especially Sati Arabian U and U A. They're in a better position now to keep a floor under prices unless we have a spectacular, terrible recession right because the Saudis no longer have to worry about shale growing too fast. Our production has been has been kneecapped, and Russia is,
if anything, about to be involuntarily contributing future cuts. So the two big problems Opex that Fatory even U A E have had is is sort of too much shale and too much Russia and both of these problems are solved. So you know what, I think it's credible. I think they can hold a floor at seventy or eighty dollars next year. Even if we get into a mile down turn. Now, if we have a big one, uh you know, Katie by the door, they could lose control to the bottom.
But I think OPEC plus is in the driver's seat here next year, unless it's a very big contraction. Well, it would suggest that they're reading the market perfectly in
the at least the scenario you just outlined. How about the plus though, I mean, what kind of a relationship are oil producing nation is going to have with Russia dumping crude uh sometimes in the dark to the nations that are somehow not being sanctioned or secondary sanctioned by then who knows if that becomes an issue or is it such a bottleneck and such a squeeze in Europe
that going into the winter heating season it simply doesn't matter. Well, you know, I think the OPEC plus producers, the Arab golf producers are trying to strike a balance here. On the one hand, keep the market from getting too tight, but also too loose. Sending Europe diesel and disc lite, which they are on the other hand, you know, helping rush out as much as they can without getting cross wise with the United States. And uh, I think you're gonna still see that balancing market at the end of
the day. You know, these spreads and differentials and margins are going to move around and incentivize a lot of different behavior, like India going from almost nothing to a million barrels a day of Russian the Saudi's taking Russian fuel oil, and so forth. But it's all gonna happen at high speed and and and in different places and with varying motives. And I think folks are really focused just on these sanctions and what Putin is doing in Ukraine and so forth, and hope that these, as you say,
this dark movement of oil doesn't get so much notice. Well, let's play that the Russia card a little bit more. As you put a recession versus Russia. How much is the war in Ukraine going to dictate the price of oil in You know, I think it's going to be a big factor. I think we're gonna lose about a million and a half barrels a day of Russians supply.
So far, we have hardly lost any right. The reason oil prices touched almost a hundred and forty dollars this spring was we thought we were gonna lose three million
barrels a day this summer, and we didn't. But these sanctions are coming into place, and I don't think Putin can redirect all of that two plus million barrels a day that he's now shipping to Europe, especially that the refined products distilate so Putin's and and you know Indian China can only take so much, and there's many, so many boats, so we think they're gonna lose quite a bit. I don't think that's really discounted yet in the market. I don't think the price cap is going to stop
that the Treasury is putting out. I think that's intended to help those flows, but there's still gonna be a loss about a million and a a half barrels a day. And you know, wars are not good for that. They can contribute to recessions, but these wars U and these attacks on infrastructure. We've seen accidents at the KPC pipeline, CPC rather pipeline, UH and UH, you know I think
I think there's some bullish risk coming here here. Fundamentally, the combination of the OPEC plus cut, the loss of Russia. And you know, while we talk about recession, so far, the demand data aren't that bad. I mean, India is scorching. Actually, China is not that terrible. And even in the US, Okay, we're not leaping and bounding above, but nor are we cratering. You know, So maybe there's a third card there, Bob,
isn't it China? I mean, what if we just take the wraps off, we we take the restrictions off everything. There's no more COVID in China? What's that? This is a very different conversation, right, Joe, Very different, and you know that's kind of our scenario. But after Q one, we think there's gonna be she shimping is still consolidating his power grab, and we think through the through the holiday period in the first quarter and they have his two sessions conference and so forth, we think that they
will air towards lockdowns. But after that we think he reopens. Demand goes back about sixteen million barrels a day. And if we've if we've lost some Russian supply by then, and we've baked in this OPEC plus cut. Uh, then things get tight and sporty, and then I think sentiment ships back to a more bullish bullish framework. Well, you know, we're always looking at the price of oil, uh, and the price of gas for that matter, as as not only an economic indicator, but a political one, because Joe
Biden's presidential approval ratings have followed them so closely. When you hold up these two charts, they're identical. Actually, So let's get back to your initial proposition here fifty dollars a gallon or a hundred and fifty dollars a gallon. As we head into three, which is more likely, I think we're gonna go up first. So we're looking at about a hundred and fifteen dollar brent average in the first quarter. Uh, and then I think we're gonna go
down to about eighty. I think that the economic weakness is there, and another oil price spike will even exacerbate that. The central banks are still raising raids. We don't think the FED is done and so um, so we think we have one more spike. That spike in addition to these other macro factors, A strong dollar, et cetera. Will depress activity, so then we think you probably have a sell off later in the year, again not for good reasons. So up and then down would be our view. We
don't touch one, fifty, we don't touch fifty. We head toward the first and then towards the second. I guess how much of an issue will be the bottleneck in the Northeast when it comes to distal. It's heating oil in particular for our listeners in Boston who were thinking about refilling now or maybe you you you know you only put a little bit in there, wait till this maybe starts to break in the coming weeks or months. Well, I'll tell you I would be filling. I'm from Connecticut
and I was viers up there. Still I I'd be filling, because you know, it depends on the weather. Look, we're gonna pull a lot of distill it over from Europe. The spread between the Northeast and Europe Rotterdam has opened up, so cargoes are coming and uh until at least the Russian supplies are cut off, right, lad will be February.
We have several weeks to a couple of months where Europe can send us some and hopefully we can um, we can replenish, and the Biden administration is also looking at options try and rush some more distill it up there. So uh, but you know what, it's a weather call. If it were me, I would be I'd have my you know, snow shovels ready, and I'd have my eating tanks full. Oh boy, Bob, thank you. I'm cold just thinking about it. Bob McNally's founder and president Rapid and Energy.
His book Crude Volatility in a great way to start the fastest hour in politics. We learned something from Bob every time, and the political implications here are huge. That's why we assembled the panel. Next Rick and Genie on the way, I'm Joe Matthews. This is Bloomberg. This is Bloomberg. So long with Joe Matthew on Bloomberg Radio. It's the snark and the statements that makes it worth reading. Saudi Arabia's energy minister says, in response to the story that
there's a possible production ike being talked about next month. Quote, if there's a need to take further measures by reducing production, we remain ready to intervene unquote what about the fifth bump? It's like the Fifth Bump never happened. We assemble our panel. Rick Davis back with us today along with Jeanie Chanzano Bloomberg Politics contributors. Is this just another swipe at the Biden administration? Genie? You know, you you float a story like that, you see you can knock it down and
have fun with everyone. You know, there are so many questions and what a strange day it has been in this regard, and you know, you know, a big question that can be asked is, you know, was this a one OPEC nation or more? Who wants in production to increase um? These are really good reporters at the Wall Street Journal, so it's hard to imagine they got the
story wrong. But yet, you know, you look at the statement that came from Saudi Arabia, and you know, sporty, snarky, those are all the words that you guys are using. I think that's right. But another big thing here is the timing. I mean, let's not forget that this is coming just as the Biden administration said that MBS should be shielded from this lawsuit over his role in the Kashogi killings, which has led some to believe and report before that the statement from Saudi Arabia that perhaps this
was you know, payback for that. Of course, then you have the switch in time, so it's hard to know. But the timing is very, very difficult to wrap your head around. And let's not forget because shogis poor fiance coming out and saying after the Biden administration did this that he died again today. So real pushback politically here on this decision to say he should be immune from this from responsibility here legally, you get the sense of Rick Davis said that Joe Biden will be haunted by
Saudi Arabia for the balance of his presidency. Yeah, I don't that I would definitely agree with. There's a lot to unpack with Genie's comments, but I would say absolutely this is not a story that's gonna end this week. Right, We've been baffled time and time again by the Kingdom and their their politics of oil. There are allegiances to Russia, their friendship with China, They're disliked with the Biden administration, and at the end of the day, I don't think
we really know what's motivating them. Um, obviously they don't have a good relationship with the Biden administration. It doesn't necessarily, even a good one wouldn't necessarily translate to playing petro politics with Biden. So um, I think we just got to take it at face value. Uh, somebody got it wrong. Here's what they're gonna do, and they're just as likely to reduce prices as hike them, you know, in my opinion, regardless of what they're saying today, you should talk more
about what what you just brought up here, Jennie. The Biden administration decides to rant's sovereign immunity, Uh, to MBS Saudi Crown Prince Mohammed been Salmi, shielding him from a lawsuit over the killing of Jamal ka Shogi. Uh. What this is the same guy who said it would make Saudi Arabia a pariah on the world stage. How do you connect the dots here? And that's what's gotten so many Democrats in particular, but people across the political landscape frustrated.
At the point where you thought the by administration was being rewarded with a production, Well yeah, and I would say not just me, but that has been reported in the press, particularly before they took it back quote unquote, you know, so it's hard to wrap your head around it. But that call for immunity, which is non binding, so a judge may you know, overturn that, but it was the official view of the Biden administration, and you know,
it could be something that the judge grants. That has gotten real blowback from people across the board who say, this is a who said to your point that this was a pariahs state. This is somebody who was kidnapped, dismembered and you know, an American journalist from the Washington Post and found, you know, in the diplomatic mission. You know,
this is um something too. For the bidenman administration to come out and say he should be shielded from this is quite a statement, and coming of course on the Keels as of his infamous fist pump going over there and fist bumping, and then you had, you know this this you know, oddly time decision today that we hear in the Wall Street Journal that they're going to, you know, potentially take this step, which is a whole skill reversal
from what they said a month ago. So the timing is very suspect, indeed confused, Rick, you know who else agreed with Joe Biden's Mark Warner UH Democrat or a senior senator Senator in Telligence Committee chair. He says, even for leaders we don't like. The reason why there was a grant of sovereign immunity is as much to protect American leaders in American diplomats when they are abroad. As
he write about that. Yeah, I think there's way too much being sort of read into this, right, I mean, there is a standard around the world, uh that officeholders have sovereign immunity, and it creates even though sometimes it seems incredibly unfair, like in this case, um, it does keep the idea of maintaining UM one click above chaos
as a global standard. It would be a very bad thing if every president, every prime minister, every foreign minister or defense minister of any country in the world could be sued by anybody who's got a grievance about a policy that they've done. And and so there's a reason why months ago um um mbs the Crown Prince became the prime minister because sovereign immunity probably does not extend to a royal but it does extend to a prime minister. Well,
that does tell us something Genie, but then that prime minister. Apparently, according to McNally, there has a floor under oil and gas prices for the for the next year. How much of a problem is that for Joe Biden. It's a real problem for Joe Biden. And is it the timing of him being named a prime minister when he is not yet king that has other people scratching their heads as well in the United States responding to that as if he is prime minister, that is another question. Boy,
we're out of something here with the panel. Jennie and Rick are back there here for the hour, our signature panelists. We bring in Brian Odd coming up. Who's out with an op ed in the New York Times today on Trump's return to Twitter. This is Bloomberg. So it came down to a poll. It was a twenty four hour poll, as most things should be decided of import right at twenty four hour Twitter poll, fifteen million votes, fifty eight and he's back. Elon must says Donald Trump's account to
be restored. He still has not tweeted There'll be an earthquake when that happens, right, assuming that that happens. But this whole codependency between Donald Trump and Elon Musk is fascinating. As Tim O'Brien writes today in Bloomberg Opinion, Then again, Donald Trump not a real fan of Elon from what we've heard and seen in terms of writing and language. Remember this one from this was over the summer at a Trump rally. Elon, Elon is not gonna buy Twitter.
Where did you hear that before? You know? From me? From a fank account? She says, fake a lot of them. No, he's got himself a mess, you know. He said the other day, Oh, I've never voted for a Republican. I said, I didn't know that. He told me voted from me, So he's another boat artist. Okay, there you go. Actually a lot was said there if you think about it. And I bumped into this guest essay in The New York Times. I studied Trump's Twitter use for six years.
Prepare for the worst, the writing of Brian Ott, who joins us now on Bloomberg sound On, professor of Communication at Missouri State University, co author as well of the Twitter Presidency, Donald Trump and the Politics of White Rage. Professor, I clearly you are not a fan. How bad is this going to get? In your view, well, I think it could get very bad. Joe. When does he finally given and tweet something. I don't think we'll have to
wait long for him. I don't think he can resist um and and I don't think he can help himself. So I think he'll tweet probably within the next two weeks. Okay, that's that's funny. And you look, I'm sure he's reading the tweets from Elon Musk and so forth. You outlined a pretty scary scenario here in your column, and it basically, if I'm the arc, if I'm doing it right, is social media in this case, specifically, Twitter is the kindling. Trump is an accelerant, as you say, and his message
is a match what goes off this time. A lot of people say January six wouldn't have happened without Twitter. So I think it's important to understand that um Trump is a fairly predictable figure. A lot of figures in political life are not all that predictable, but Trump is
a fairly predictable figure. I've been studying his his rhetoric and his use of social media for six years, and it's pretty safe bet how he's going to behave and so you know, like he um holds grudges and so um, the first time that somebody really angers him, um, he's gonna go after them on Twitter because it's a much broader following. I mean he has he has a Donald Trump has fewer than five million followers on his own truth social network right now. He had eighty eight million
followers on Twitter. Yeah, that's remarkable. How are you do you follow him on truth as well? Do you see what he's doing now? I don't. I don't follow him on truth. He does even the people writing about him. I love that. So that means he has to go. But so how about forgive the the boring geeky question here, Brian, But why not just forward truth to Twitter? Why not just put the truth son on the Twitter sphere? So
a lot of his followers do do that. Trump has a a contract with his his own company, and he's supposed to give a six hour exclusive time to anything he posts on truth social before it can be posted as some other social media platform. Now there are some really important exclusions to that, not the least of which is political messaging. Okay, so much for the embargo then, so this so that that might be one way to do this and you get your your brand out there
or something like that. I mean, we're assuming that Donald Trump still stands to make money in some sort of a spack deal with truth social is that? Is that still true? So so Donald don't Yeah? Yes, absolutely. Plus Donald Trump is is one of the most successful mine of fundraisers UM in US American politics, and so he probably better than anyone, has leveraged social media platforms and
Twitter specifically as a fundraising tool. And so that's one of the reasons why I think he will absolutely return to Twitter as he continues to pursue UM the presidency. So back to your headline, I studied Trump's Twitter for six years. Prepare for the worst. That means you probably visualize what you see as the worst. Brian, what is it? So? I think we're likely at some point to see a repeat of January six. Uh. So, you know Trump UM
likes to incite his followers UM. He likes to to to leverage UM emotional messages UM to get those people angry at a particular UM individual or event. And would that be on Elon Musk if that did happen again? So I think Musk has behaved terribly irresponsively in relationship to this whole thing. Actually, I think he's behaved terribly irresponsibly in his management of Twitter since he returned. Therefore, yes,
he carries some responsibility. You know, there's all this talk about the digital town square, and I don't know if I buy that, if there's even really such a thing to try to compare that to you know, to to the to the way we conduct ourselves in an actual town square. Brian, Uh, what what does Elon's vision look like? What's the game? So? So, Elon Musk is a is a business person, and he is interested in making money.
And virtually every decision he has made since arriving at Twitter or taking acquisition Twitter has been in the interest of trying to turn a profit at the company. And so, um, my guess is he's That's why he's trying to recruit Donald Trump. It's so it's a ratings game, just like any old fashioned media company. That's the we got there just in the nick. Hey, I like talking to you, Brian. Thank you for chiming in on this. What a time to meet Brian Ott. The Twitter presidency. Indeed it comes
back around. We'll see about that. Uh. And We'll ask our panel as well, Genie Chanzano, when Rick Davis up next Bloomberg Politics contributors on the fastest hour in politics. It's called sound Off. This is Bloomberg, this is Bloomberg. So long with Joe Matthew on Bloomberg Radio. Gennie is watching,
so we don't have to, Genie Chanzano. Half of our signature panel is still the only one, and I keep asking who I can actually confirm is on truth social Rick Davis joins us from London as the other half of our panel, and it's great to have both of you with us here. I mean even you know, we just talked to Brian, even the man who is researching and writing about Trump is not following him on truth or Genie, I should take this moment to thank you for the work you've done. I do it for you,
Joe Matthew. Some of us have too, so I'm willing to put myself out there. And you know Brian, Brian can't do it, he's busy on Twitter. I'll do it for you. Joe. Well, maybe he's coming back around to Twitter, which of course remains the big question here. Uh, And we do want to get both of your take on this genie. Can he resisted? I know that you think probably not, But but at what point does it start
to impact the political conversation? You know, A part of it is he can't resist it because as Brian talked about, the differential in the numbers, you know, under five million over eighty million. And the fact is also Brian's right about the fundraising. He raises a lot of money on a place like Twitter, and he's running. As we saw over the weekend, a lot of big Goop funders don't want to fund him, at least as of now. He
might need those small donors. But I'll tell you a big problem he has, and it's going to be a decision for him to make if he has to leave truth Social he's the only one keeping that afloat, and there goes another brand that he has his name on that collapses that it's also a big problem for him. So he's caught between a rock and a hard place. You know. I think he may be be looking at this December eighth deadline and this date that they keep
talking about. I don't know if he goes on Twitter before that, because that's going to be a big deadline. Unless they extend it for them to make a decision about truth. He was talking over the weekend a couple of instances, and in this case at a Mara Lago event. There was a gala there, and he's got the black tie and the whole bit at the podium in which he responds to the appointment of the Special Council. This is something we haven't had an opportunity to talk about
with the panel yet. Jack Smith, of course appointed on Friday by Attorney General Merrick Garland, and uh, the former president just couldn't believe it. Listen to him from over the years, I've given millions and millions of pages of documents, tax returns and everything else, and they have found nothing, which means I've proven to be one of the most
honest and innocent people ever in our country. That's it, one of the most honest and innocent people in the history of our country, unless you ask the His Attorney general no longer Former Attorney General Bill Barr had a heck of an interview as well over the weekend on PBS. Asked about the case that Jack Smith now presides over. Listen, given what's gone on, I think they probably have the
evidence that would check the box. They have the case, and if they have it, should they That's a decision for if you were a g would you I'm not going to get into that. Do you think they will? I think it's becoming increasingly more likely, increasingly more likely they've checked the box, Rick Davis, they have the case. Would this have gone to Jack Smith if that were
not the case? Uh? Yeah, I think that no matter what, they were going to get it out of the Department of Justice because you've got a an individual running for president who you know, uh, they don't want to look like they're putting their finger on the scale politically, and and and you've got to give credit to Merrick Garland this. It would have been easier, frankly to keep it at Justice And the fact that you know, he's gone out of his way to create the special prosecutors gonna cost more. Mind,
It's gonna be harder to control. Um. The reality is it is probably the right thing to do, regardless of weather Doctrum thought it was a good idea or not. What I've really found fascinating by that former Attorney General Barr comment was even though he thinks the guy probably has a case when they asked whether he would do anything about it, he absolutely good to answer the questions the right answer. Someone breaks the law, they should be prosecuted.
I mean, like, how hard is that? Well, although I mean, look, you've both had the weekend to think about this. The idea of of the of this case, never mind all of these cases, my god, you have the Southern District of New York, you had Fulton County, Georgia. The idea of them resolving in the middle of a presidential campaign with a potenti acentual indictment with potential criminal charges Genie
is something we've not seen. We haven't and it is a very tough decision for this special counsel, that special prosecutor to make. I don't think he should be charged unless and this is where I do think it is difficult. He should not be charged unless they can confirm in their own minds that he will definitely be found guilty. And I think that's a very high bar for any prosecutor to meet. And that's where I think it's going to be difficult. And I think Merrick Garland wanted to
get this to a special prosecutor. Either way, whether he's charged or not. Merrick Garland wants this out of his hands because there is no political upside to him keeping this in the d o J. And it's not just about Donald Trump announcing he's president he's running. It's also Joe Biden saying that he is seriously considering as well or has an intention to run. For those reasons, Merrick Garland is not going to keep it in the d o J. Nor shouldy he made the right choice here.
But well, look this is where the whole idea of another January six comes into play. Rick, I'm sure you visualized this. Brian Ott, who we spoke with a couple of moments ago, certainly has is. He says, prepare for the worst with Trump back on Twitter, he could orchestrate potentially something like that. But I mean that that kicks off just a whole new level of division, right, even if it is justified that this ends in an indictment
or a criminal charge. Yeah, I would first say that I don't think anything law enforcement, the Department of Justice, Special productutors anywhere in you know, the in Washington, New York, Fulton County, Georgia, I don't. I don't think any of those are a prerequisite to him inciting violence. He's gonna do that anyway. He's already been doing it right long
before there was even a raid on mar Lager. I know we're not supposed to call it a raid, but the rate at mar Lago, he was already inciding violence in politics. So I think we gotta quit thinking that he actually needs a reason to do it. It's what he does. And I would say the one thing you know on on this issue of of you know whether to prosecute. Nobody can predict whether or not you can get a judgment that you want. But if you have evidence that indicates there's been a crime, you have an
obligation to the taxpayers to actually prosecute the crime. You may or may not win, but you don't have But if you don't have a case, then you shouldn't prosecute.
That should be the only determination by these prosecutors. This will be happening simultaneously, Jennie, as we have heard from the incoming leadership in the Republican led House, this will be happening alongside investigations into Hunter Biden's laptop, the Biden crime Family as it's as it's been referred to, along with the withdrawal from Afghanistan and any number of other UH investigations that will be coming out of Oversight and
other committees in the House. Just that idea though, of the Hunter Biden laptop at last being pursued in the eyes of Republicans and Donald Trump being indicted in the middle of a presidential campaign, is that worth it? Well, you know, I think it's very telling that this is what we've heard out of the GOP incoming house leadership from Jim Jordan, James Comber. The first you know, press
conference they held was about these investigations. It's gonna be coming simultaneously, as you mentioned, and we move into and you know, this is sort of what is going to be so divisive on both sides, and I think we have to underscore this. Their investigations of this, you know, the Hunter Biden, Joe Biden, the you know d o J, the Democratic d o J. According to some investigating Donald Trump, it is going to polarize even further as we move
into four. And that's where you get this sort of recipe for disaster, as you know, in another January six. And by the way, I don't think it's going to take just Donald Trump to incite it. I think there are others out there as well. And that's where Elon Musk does bear responsibility for what's coming on his platform, and he doesn't seem to be take that taking that as seriously as we, you know, many of us may have hoped he would, and it all seems to be
about ratings and God bless him as a businessman. But if he's going to talk about democracy and freedom and all of these kinds of things, he's also going to have to take responsibility for what this platform elicits in the next in the next few months, well, we have to take responsibility for another January six rick as as Brian Not said, Oh yeah, I mean I think that, uh, I think that this is exactly what Genie was just referring to. Is that, um, you know, Brian Not thinks that, uh.
For a lot of different reasons, his hot rhetoric incites his people. They look for the the the cues. I mean, is this part of Elon He wants to have an open discourse, right, just let it rip. Everybody say what you gotta say, and go home and and and and be better for it. But if it's inciting violence, it's
a different conversation. Yeah, but I think this is this is the question is whether you know Elon Musk or his content moderation unseld that from what we can tell, had nothing to do with letting Donald Trump back on um you know, is going to be able to moderate that and at the same time do what Brian not said, which is turn a profit. And I think that if you have to rely on Elon Musk to turn a profit or do the right thing, gee, what do you
think he's gonna do? I think that's pretty clear. On the day that Joe Biden issues a pardon, there was some talk over the weekend about, gosh, what would happen if he if he pardoned Donald Trump? Here and you know you can hear the laughter from the other end of Pennsylvania Avenue. But today, of course, it was for chocolate and chip this Thanksgiving week. Here he is with the turkeys based on their temperament and commitment to being
productive members of society. I hear by pardon, I hear by parton, Yes, I hear by pardon, chocolate and chip. Let's hear it for chocolate and chip, Geanie. You know they get a night at the Willard Hotel. Uh, just for that before they go off to to roam the pastors after Thanksgiving. At least some traditions stay alive a tried and true tradition. Last year it was peanut butter and jelly. I think was that PJ and this this
year it's chocolate and chip. I love it. They're going to go enjoy themselves at the hotel tonight and then they are off to the pastors, as we all will be someday. Joe, there might be pictures on the Hunter Biden laptop from that hotel room, Rick, But I don't know what do you think yis? I mean, actually think it shouldn't be chocolate chip. It should be Donald and Hunter and then everyone can claim they got there. Thank you for Rick Davis live in London, Jeannie Chanzana in
New York. I'm Joe, Matthew and Washington. The fastest hour in politics. This is bloom curfe