Bloomberg Poll Shows Trump Keeps Lead in Swing States | Balance of Power

Summary

The transcript from 'Balance of Power' on Bloomberg TV and Radio covers a range of political topics. It begins with a discussion on the fear of election-related violence, as indicated by a poll showing that half of the voters are concerned. The show then shifts to the surprise announcement by Nikki Haley, who ended her 2024 presidential campaign, revealing she will vote for Donald Trump in the upcoming election. The conversation also touches on the meeting between President Biden and Kenyan President William Ruto, highlighting the strategic investment in Kenya and the broader geopolitical implications. The program addresses the concerns over privacy and AI, with a focus on the latest poll numbers and the potential impact of these issues on the election. Additionally, the panelists discuss the ongoing legal issues surrounding Donald Trump and the implications for the Republican Party. The summary concludes with a debate on the effectiveness of the current Congress and the impact of slim majorities on legislative progress.

Takeaways

• 📊 Polls show that half of voters are concerned about violence around the upcoming election.
• 🇺🇸 Nikki Haley announced she will vote for Donald Trump despite previously criticizing him.
• 📉 Trump is currently leading Biden in several swing states according to the latest polls.
• 📈 The crypto market is facing opposition from the SEC and the White House with new legislation hitting the floor.
• 📊 A Bloomberg poll indicates voter concerns about AI and privacy, with significant support for a TikTok ban.
• 📉 Voters in swing states show a tight race between Biden and Trump, with Trump currently having a slight edge.
• ⚖️ Congressional debates include significant discussions on Trump's legal issues and their impact on the election.
• 🤖 There is a significant fear of AI among voters, reflecting broader concerns about privacy and security.
• 🌍 Biden's meeting with the Kenyan President highlights U.S. efforts to strengthen strategic investments in Africa amid China's growing influence.
• 🏛️ Political polarization is evident in Congress, with heated debates and procedural actions impacting legislative progress.

Q & A

What is the significance of the 'Balance of Power' show?

The 'Balance of Power' show is a live program from Washington, D.C., covering political and business news worldwide, featuring analysis and discussions with various experts and political panelists.

What concerns do voters express about the upcoming election according to the poll mentioned in the script?

The poll indicates that half of the voters are worried about violence surrounding the election, which shows a level of insecurity and apprehension about potential unrest.

What was Nikki Haley's statement regarding her voting preference in the election?

Nikki Haley stated that she will vote for Donald Trump in the election, citing that although he has not been perfect on policies, Biden has been a catastrophe and she believes Trump has been more supportive of allies.

What was the context behind Congressman Jim McGovern's words being stricken from the record on the House floor?

Congressman Jim McGovern was speaking on the House floor, listing the legal problems and charges associated with Donald Trump. His words were stricken due to House rules that prohibit calling members or indirectly referring to them in a negative light.

What is the Financial Innovation and Technology for the 21st Century Act (FIT 21) and why is it significant?

The FIT 21 is the first-ever regulatory structure for digital assets, dividing authority between the CFTC and the SEC. It is significant because it lays out ground rules for digital space innovation and is a milestone showing bipartisan support for crypto legislation.

What is the role of the Blockchain Association in the crypto policy world?

The Blockchain Association serves as the collective voice of the crypto industry, advocating for sound regulation that balances consumer protection with fostering innovation, and engaging with lawmakers on crypto policy.

What is the significance of the meeting between President Biden and Kenyan President William Ruto?

The meeting signifies a renewed U.S. interest in strategic investment in Kenya, with a focus on technology, cybersecurity, AI, and semiconductors, and is part of a broader push for engagement with the African continent.

Why is the U.S. focusing on Africa and what does it aim to achieve?

The U.S. is focusing on Africa due to its strategic geopolitical position, recognizing the continent's potential in the global economy, particularly in areas like technology and energy transition. The aim is to reinstall trust and build a consistent presence to benefit from the opportunities Africa offers.

What is the impact of China's Belt and Road Initiative on African countries like Kenya?

China's Belt and Road Initiative has led to significant investment in African countries like Kenya, but it has also resulted in deep debt for these nations. This has led to some African countries pushing back against China and seeking alternative partnerships, like the U.S., for investment.

How does the U.S. approach to strategic competition with China compare to China's approach to global engagement?

The U.S. tends to focus on strategic competition with China, particularly in terms of trade and influence. In contrast, China is willing to try different approaches and engage in various regions worldwide, often asking countries what they want, which can lead to different outcomes and opportunities.

What concerns do the discussions about AI and technology reveal among voters in the Bloomberg poll?

The discussions reveal that voters are worried about privacy and data collection, with a majority supporting a ban on TikTok due to concerns it could allow for data manipulation. This shows a broader sense of insecurity and unease among the electorate regarding technology.

What is the potential impact of the ongoing trial involving Donald Trump on public opinion and the election?

The ongoing trial and the coverage related to it, such as hush-money payments to Stormy Daniels, have had an impact on public opinion, making some voters feel more uncertain about Trump. However, the trial's ultimate result could further influence voter sentiment.

What does the reaction to Nikki Haley's announcement of voting for Trump indicate about the current state of the Republican Party?

The reaction indicates a recognition that Haley's decision is a political calculation to remain viable within the Republican Party, especially if Trump's influence persists even if he loses the election. It reflects the ongoing dynamics and power shifts within the party.

What is the significance of the British Prime Minister Rishi Sunak calling for a surprise election?

The surprise election call is significant as it suggests a strategic move to capitalize on the current political climate before potential issues like the economy, immigration, or the national health service worsen. It also highlights the Prime Minister's belief that now is the time to solidify his position.

Outlines

00:00

😀 Introduction and Political Analysis

The opening segment of 'Balance of Power' discusses the transition of focus from politics to business, highlighting voter concerns about election violence, Biden's meeting with the Canyon President and tech executives, and the crypto market bill facing opposition. Breaking news reveals Nikki Haley's decision to vote for Donald Trump in the upcoming election, despite her previous campaign. The panelists analyze Haley's move as a political calculation and discuss its implications for her future within the Republican Party.

05:05

📊 Poll Results and Voter Concerns

The discussion shifts to poll results indicating a tightening race between Trump and Biden, with Trump leading in the seven swing states. The panel delves into voter sentiment, particularly the negative news surrounding Trump's trial and its impact on the race. They also address the fear of violence among swing state voters, which is heightened compared to concerns about misinformation or foreign interference.

10:10

💻 Technology and AI Market Insights

The conversation turns to technology, with a focus on AI and its growing influence on the economy and global competition. The panelists discuss the strong demand for AI chips, despite public hesitance and concerns about privacy. They also highlight the significance of NVIDIA's market performance and the potential of the crypto industry, emphasizing the need for fair regulation and the role of the SEC in this process.

15:12

🏛️ Congressional Dynamics and Crypto Legislation

The segment covers the legislative efforts around crypto regulation, with the FIT 21 bill aiming to establish the first regulatory structure for digital assets. Despite opposition from the SEC and the White House, the bill is expected to pass in the House, signifying bipartisan support. The panelists debate the bill's prospects in the Senate and the strategic efforts of the crypto industry to advocate for fair regulation.

20:15

🇬🇧 UK Political Landscape and International Relations

The panel discusses British Prime Minister Rishi Sunak's call for a surprise election and the strategic reasons behind holding it on the Fourth of July. They explore the potential impact on the economy, the logistical challenges in Scotland, and the broader implications for the U.S.-U.K. relationship, emphasizing the importance of consistent diplomatic engagement.

25:18

🤝 US-Kenya Relations and Strategic Investment

The focus is on the meeting between President Biden and Kenyan President William Ruto, emphasizing the push for strategic investment in Kenya, particularly in technology sectors like cybersecurity, AI, and semiconductors. The panelists discuss the economic and geopolitical implications of this engagement, considering China's influence in Africa and the U.S.'s efforts to reinstall trust and partnership with the continent.

30:23

🏛️ Congressional Discourse and Free Speech

The segment addresses the incident on the House floor where Congressman Jim McGovern's remarks about Donald Trump's legal issues were stricken from the record. The panelists debate the implications of this action in the context of free speech and the current divisive state of the House of Representatives, questioning the effectiveness and productivity of Congress.

35:29

🗳️ Election Dynamics and Voter Fatigue

The final segment discusses the challenges of the upcoming election, including voter fatigue and concerns about potential violence. The panelists reflect on the impact of recent events, such as the George Floyd protests and the January 6th Capitol insurrection, on public sentiment. They also consider the slim majority in Congress and the limited potential for legislative progress in an election year.

Keywords

💡violence

Violence is the use of physical force to harm someone or something. In the context of the video, it refers to concerns about potential violence around elections, with half of voters worried about such events. This reflects the heightened political tension and security concerns in the current climate.

💡poll

A poll is a survey of public opinion. In the video, multiple references to polls highlight voter sentiments on issues like election violence, candidate preferences, and views on AI. These polls provide insight into the electorate's mood and concerns leading up to the election.

💡Nikki Haley

Nikki Haley is a political figure and former U.S. Ambassador to the United Nations. In the video, she is mentioned as having decided to vote for Donald Trump despite previously criticizing him. This decision is seen as a strategic move to remain relevant in the Republican Party.

💡Donald Trump

Donald Trump is a former U.S. President and a key figure in the upcoming election. The video discusses his current legal challenges, including trials and charges, and how these issues are influencing voter perceptions and polls.

💡Joe Biden

Joe Biden is the current President of the United States. The video discusses his administration's actions and policies, his re-election campaign, and how he is faring in polls against Donald Trump in key swing states.

💡AI (Artificial Intelligence)

AI refers to the simulation of human intelligence in machines. The video discusses voter concerns about AI, especially regarding privacy and job security, reflecting broader societal unease about the rapid advancement of technology.

💡swing states

Swing states are U.S. states where both major political parties have similar levels of support among voters, making them key battlegrounds in elections. The video highlights polling data from swing states to show the competitive nature of the upcoming election.

💡cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography for security. The video mentions a significant crypto market bill and the discussions around regulating digital assets, highlighting its growing importance in financial and regulatory discussions.

💡China

China is a major global player mentioned in the context of its strategic investments in Africa and its influence compared to the U.S. The video discusses how China's Belt and Road Initiative impacts global geopolitics and how the U.S. is responding.

💡Kenya

Kenya is a country in East Africa. The video covers the visit of Kenyan President William Ruto to the White House, discussing economic partnerships and strategic investments between the U.S. and Kenya, particularly in technology and trade.

Highlights

Nikki Haley announces she will vote for Donald Trump in the election, citing his support for allies over Biden's policies.

Bloomberg's poll reveals half of voters are worried about violence around the election, with equal parts Democratic and Republican concern.

The Financial Innovation and Technology for the 21st Century Act, which divides authority between the CFTC and SEC, is up for a vote in the House.

Kristin Smith, CEO of the Blockchain Association, discusses the significance of the crypto bill and the industry's engagement with lawmakers.

British Prime Minister Rishi Sunak calls for a surprise election on the Fourth of July, seeking a mandate to build on progress made.

President Biden hosts Kenyan President William Ruto, aiming to deepen technology and cybersecurity cooperation.

Shirley Marty Hargis, Senior China Policy Fellow, provides insight into the strategic implications of the U.S.-Kenya meeting.

Bloomberg's latest poll shows Trump leading by four points against Biden in the match up, with the race tightening from a six-point lead in April.

Congressman Jim McGovern's remarks about Donald Trump's legal issues are stricken from the House record, highlighting the divisive political climate.

Swinging state voters express fear of election-related violence, reflecting the insecurity and lack of faith in leadership.

The debate over the crypto bill and its potential impact on the industry, with opposition from the SEC and the White House.

Discussion on the potential of Africa as a strategic partner, particularly in the areas of technology and energy transition.

Analysis of the impact of the FTX collapse on the crafting of the crypto bill and the importance of getting sound regulation in place.

The role of the crypto voter and the grassroots swell of support for getting good policy done in the crypto space.

The geopolitical competition between the U.S., China, and other major economies in the context of AI and technology.

Transcripts

>> FROM THE WORLD OF POLITICS TO THE WORLD OF BUSINESS.

THIS IS "BALANCE OF POWER."

LIVE FROM WASHINGTON, D.C. JOE:

FROM BLOOMBERG'S WASHINGTON, D.C. STUDIOS TO OUR TV AND RADIO

AUDIENCES WORLDWIDE, WELCOME TO "BALANCE OF POWER."

KAILEY: A POLL SHOWS HALF OF VOTERS ARE

WORRIED ABOUT VIOLENCE AROUND THE ELECTION.

WE WILL HAVE ANALYSIS WITH OUR POLITICAL PANEL. JOE:JOE:

THIS AS BIDEN MEETS WITH THE CANYON PRESIDENT AT THE WHITE

HOUSE ALONGSIDE MAJOR TECH EXECUTIVES.

SHIRLEY MARTEY HARGIS DISCUSSES THE VISIT WITH US COMING UP.

KAILEY: A LONG-AWAITED CRYPTO MARKET

BILL HITS THE FLOOR WITH OPPOSITION FROM THE SEC AND THE

WHITE HOUSE. WE WILL DISCUSS WITH KRISTIN

SMITH. WE HAVE BREAKING NEWS AS WE

COME TO AIR THIS EVENING. MONTHS AFTER ENDING HER 2024

PRESIDENTIAL CAMPAIGN, NIKKI HALEY SAID SHE WILL VOTE FOR

DONALD IN THIS ELECTION. SHE SAID SHE PUTS HER

PRIORITIES ON A PRESIDENT WILL HAVE THE BACKS OF OUR ALLIES.

DONALD TRUMP HAS NOT BEEN PERFECT ON THESE POLICIES BUT

BIDEN HAS BEEN A CATASTROPHE SHE SAID SO SHE WILL VOTE FOR

TRUMP. JOE: WE HEARD THAT FROM THE GOVERNOR

OF NEW HAMPSHIRE, ONE IS BAD BUT THE OTHER IS WORSE.

A SOFT ENDORSEMENT. URGING DONALD TRUMP TO CONTINUE

WORKING FOR HER SUPPORTERS' VOTES, LIKE SHE DID IN THE

SPEECH SHE DELIVERED ON HER WAY OUT OF THE RACE.

NOT A LOT IS NEW OTHER THAN SHE WILL BE VOTING FOR DONALD TRUMP.

SHE HAS MENTIONED SHE IS NOT IN CONTENTION FOR VICE PRESIDENT

ON HIS TICKET. KAILEY: WE HAVE BEEN WAITING TO HEAR

FROM NIKKI HALEY. THE QUESTION ON WHETHER OR NOT

SHE WOULD COME OUT FOR TRUMP WAS SOMETHING WE WERE LEFT WITH

UNTIL THIS EVENING. WE WANT TO GET REACTION.

WE BRING IN A BLOOMBERG SENIOR EDITOR. THIS IS NOT AN OUTRIGHT

ENDORSEMENT. SHE IS JUST AND SHE WILL DO SO.

SHE DID NOT NEED TO SAY THIS OUT LOUD.

>> SHE DID NOT AT ALL UNLESS SHE WANTED TO BE VIABLE IN THE

REPUBLICAN PARTY IN THE FUTURE.

IF THE TRUMP MILL YOU STILL HOLDS, IF HE LOSES IN NOVEMBER.

IT IS VERY SURPRISING BECAUSE IN DEBATE AFTER DEBATE AFTER

DEBATE IN THE REPUBLICAN PRIMARIES, ALL YOU HEARD FROM

NIKKI HALEY WAS I WAS HIS U.N. AMBASSADOR, I AM TELLING YOU HE

IS DANGEROUS. WE CANNOT HAVE A MAN LIKE THAT

IN THE WHITE HOUSE. NOW SHE WILL VOTE FOR HIM.

IT IS CLEARLY POLITICAL CALCULATION. JOE:

IT REMINDS ME OF THE DAY YOU WERE WITH US WHEN MITCH

MCCONNELL ANNOUNCED HIS INTENTION TO STEP DOWN AS

REPUBLICAN LEADER IN THE SENATE AND THE LINE YOU DELIVERED WAS

"THE TRANSFORMATION IS COMPLETE." [LAUGHTER]

APAC THIS IS -- WENDY: THIS IS FURTHER EVIDENCE.

LIZ CHENEY MAINTAIN HER POSITION DONALD TRUMP WAS

DANGEROUS AND WAS CHAIRWOMAN OF THE JANUARY 6 COMMITTEE AND SHE

IS EFFECTIVELY CANCELED BY HER OWN PARTY.

HER FAMILY HERITAGE AND ALL OF THAT.

SHE IS LITERALLY OUT IN THE WILDERNESS.

NIKKI HALEY OBVIOUSLY STILL WANTS TO BE PART OF THE GAME

AND THIS IS WHAT IT TAKES. IT IS REMARKABLE. KAILEY:

SHE WILL BE VOTING FOR DONALD TRUMP BUT ACCORDING TO

BLOOMBERG'S LATEST POLLING, A LOT OF VOTERS IN THE SEVEN

SWING STATES ARE PULLING FOR HIM, AS WELL.

HE IS LEADING BY FOUR POINTS AGAINST BIDEN IN THE MATCH UP.

IF YOU LOOK BELOW THE SURFACE IN EACH OF THE INDIVIDUAL

STATES, POTENTIALLY THERE IS MORE POSITIVE NEWS FOR THE

PRESIDENT? WENDY: IF THE BIDEN CAMPAIGN LOOKS

DEEPER INTO THE POLE, THEY WILL SEE GOOD NEWS, WHICH IS THE

RACE HAS TIGHTENED. TRUMP WAS LEADING BY SIX POINTS

IN APRIL AND IS NOW LEADING BY FOUR.

WHAT THE POLL SHOWED IS WE HAVE A QUESTION THAT ASKS, HAVE YOU

SEEN, READ OR HEARD ANYTHING ABOUT DONALD TRUMP, JOE BIDEN

OR OTHER PEOPLE? FOR DONALD TRUMP, 65% SAID THEY

SAW NEGATIVE NEWS. WHEN WE DUG INTO THE NEGATIVE

NEWS, IT WAS ABOUT THE TRIAL. THE COVERAGE OF THE TRIAL

RELATING TO HUSH-MONEY PAYMENTS TO STORMY DANIELS, THAT HAS HAD

AN IMPACT, WE BELIEVE, ON THE RACE, MAKING PEOPLE FEEL MORE

SQUISHY ABOUT 44 TRUMP. HOWEVER, HE HAS NOT BEEN

CONVICTED OR ACQUITTED. WE ARE LOOKING FORWARD TO

SEEING HOW PEOPLE FEEL AFTER THE RESULT OF THE TRIAL. JOE:

THE QUESTION OF VIOLENCE MADE A LOT OF NEWS.

YOU SAW THIS COMING. YOU SAID THIS WOULD BE PART OF

OUR RESEARCH. HALF OF SWING STATE VOTERS FEAR

VIOLENCE AROUND THE ELECTION BUT EQUAL PARTS DEMOCRATIC AND

REPUBLICAN. WENDY:

THE SAD STATE OF AMERICAN POLITICS WERE VIOLENCE CAN

PLAUSIBLY BE A PART OF IT. A LOT OF US CAN REMEMBER WHERE

THAT WAS IMPOSSIBLE. NOW WE HAVE HALF OF THE

ELECTORATE SAYING THERE COULD BE. THEY HAVE BEEN SORT OF

NORMALIZED TO IT. AS THE CAMPAIGNS WERE HEATING

UP IN 2020 WHEN MOST OF US WERE LOCKED IN OUR HOMES, GEORGE

FLOYD WAS KILLED BY THE POLICE IN MINNESOTA AND THERE WERE A

LOT OF SOCIAL JUSTICE PROTESTS. THERE ARE SOCIAL JUSTICE

PROTESTS THIS SUMMER OVER BIDEN'S HANDLING OLD

ISRAEL-HAMAS WAR AND THERE WERE THE HORRORS OF JANUARY 6.

PEOPLE ARE FEELING IT IS NOT OUT OF THE. .

REALM OF POSSIBILITY ANYMORE THE INTERESTING THING WAS THEY

FEARED VIOLENCE MORE THAN MISINFORMATION ON SOCIAL MEDIA

OR INTERFERENCE. JOE: THIS IS WORTH YOUR READ ON THE

TERMINAL AND ONLINE. OR LATEST BLOOMBERG SWING STATE

POLL.

THE NEW POLL SHINES A LIGHT ON WHAT VOTERS THINK ABOUT AI.

WE SEE DEMOCRATS AND REPUBLICANS AGREEING AGAIN IN

THEIR FEAR. AS WE BRING IN MICHAEL SHEPPARD

FOR MORE.

SWING STATE VOTERS ARE WORRIED ABOUT PRIVACY IN THEIR LIVES.

THIS IS ANOTHER AREA WHERE PEOPLE AGREE. MICHAEL:

INTERESTINGLY IN TALKING ABOUT THE VIOLENCE QUESTION, WE ARE

SEEING THE BROADER ISSUE OF INSECURITY THAT IS AFFLICTING

THE AMERICAN ELECTORATE. THEY ARE WORRIED ABOUT PRIVACY.

THEY ARE WORRIED ABOUT IN TERMS OF THE POLE, WE FOUND THERE WAS

A MAJORITY THAT SUPPORTED THE BAN ON TIKTOK.

66% SAID THEY WERE WORRIED THE APP WOULD ALLOW FOR DATA

COLLECTION AND ALLOW FOR MANIPULATION OF INFORMATION IN

THE U.S. WHAT THAT TELLS US HIS PEOPLE

HAVE THIS UNEASE, A SENSE OF INSECURITY BUT IT ALSO APPLIES

TO EMPLOYMENT. THIS WILL TRANSLATE SOMEHOW

INTO VOTES IN NOVEMBER. WE WILL HAVE TO SEE WHAT

HAPPENS. KAILEY: WHAT IS REMARKABLE IS PEOPLE

ARE SO HESITANT AROUND THE TECHNOLOGY OR CONCERN WHAT IT

MEANS FOR THEIR LIVES BUT THE DEMAND IS INCREDIBLY STRONG.

A VIDEO REPORTED HOUR AGO AFTER THE BELL, NOT JUST THE REPORT

BUT THE FORECAST SUGGESTING THERE IS STRONG DEMAND FOR

THESE AI CHIPS. PEOPLE FEAR IT BUT THEY CANNOT

STOP THE FREIGHT TRAIN. MICHAEL: THEY CANNOT GET ENOUGH OF IT.

THE COMPANIES, THE INDUSTRY, PEOPLE HAVE AN INTEREST IN

TECHNOLOGY, IN USING TECHNOLOGY BOTH AT A PERSONAL LEVEL,

BUSINESS LEVEL. AI HAS THIS PROMISE TO

TRANSFORM THE ECONOMY GLOBALLY. WE ARE SEEING GEOPOLITICAL

COMPETITION BETWEEN CHINA AND THE U.S.

AND THE OTHER MAJOR ECONOMIES AROUND THE WORLD TRYING TO GET

A PIECE OF THE ACTION. THE RESULTS REALLY POINT TO

THAT.

OUR FORECAST FOR NVIDIA HAD BEEN $28.6 BILLION IN REVENUE,

NVIDIA SAYING $28 BILLION. THEY ARE NOW THE THIRD MOST

VALUABLE STOCK IN THE S&P 500 BY MARKET CAP.

IT IS AN EXTRAORDINARY SIGN OF HOW AI IS HERE TO STAY AND THIS

WAVE WILL KEEP BUILDING. JOE: A REMARKABLE STORY.

THE STOCK IS MOVING CLOSER TO 000.

TO YOUR POINT, IT IS AMAZING, EVERYTHING WE JUST DISCUSSED

WITH MICHAEL AND WENDIE ABOUT THIS PULL, IT WILL BE THE FEAR

DRIVEN PRESIDENTIAL ELECTION ON BOTH SIDES. MICHAEL:

I THINK YOU ARE RIGHT. WE ARE SEEING THIS LEVEL OF

UNCERTAINTY HEADING INTO THE CONVENTIONS.

OF COURSE, THOSE OF US WHO ARE OLD ENOUGH TO HAVE A MEMORY OF

1968 AND EVERYTHING THAT HAPPENED THERE, IT IS A SENSE

OF UNEASE. IT TRANSCENDS GENERATIONS.

WE FOUND IT AMONG OLDER VOTERS SURVEYED.

THERE WAS MORE UNCERTAINTY ABOUT AI AND WHAT IT WOULD DO

AND DEFINITELY MORE RESISTANCE TO TIKTOK, AS WELL. KAILEY:

BLOOMBERG'S MICHAEL SHEPARD, THANK YOU SO MUCH.

WE WILL HAVE MUCH MORE COMING UP THIS HOUR INCLUDING WHAT IS

HAPPENING AS WE SPEAK ON THE HOUSE FLOOR.

AN IMPORTANT CRYPTO VOTE IS COMING UP.

SOMETHING ELSE HAPPENED ON THE HOUSE FLOOR EARLIER TODAY WHICH

IS REMARKABLE. CONGRESSMAN JIM MCGOVERN, A

DEMOCRAT, WAS BASICALLY LAYING OUT THE VARIOUS LEGAL PROBLEMS

OF DONALD TRUMP AND I BELIEVE WE CAN PLAY A LITTLE BIT OF

THAT SOUND.

>> CANDIDATE FOR PRESIDENT OF THE UNITED STATES IS ON TRIAL

FOR SENDING A HUSH-MONEY PAYMENTS TO A PORN START TO

AVOID A SEX SCANDAL DURING HIS 26 CAMPAIGN AND THEN

FRAUDULENTLY DISGUISING THOSE PAYMENTS.

HE IS CHARGED WITH CONSPIRING TO OVERTURN THE ELECTION.

IS CHARGED WITH -- A JERRY HAS ALREADY FOUND HIM LIABLE FOR

RAPE IN A CIVIL COURT -- A JURY HAS ALREADY FOUND HIM LIABLE

FOR RAPE IN A CIVIL COURT.

>> TAKE DOWN HIS WORDS. MR. SPEAKER I DEMAND HIS WORDS

BE TAKEN DOWN.

>> IT IS OK -- >> THE GENTLEMAN WILL SUSPEND. KAILEY:

THOSE WORDS WERE TAKEN DOWN. THEY WERE STRICKEN FROM THE

RECORD. WE WANT TO BRING WENDY BACK IN.

ALL I HEARD WAS FACT. WENDY: HE COULD BE READING FROM PUBLIC

COURT DOCUMENTS. WE HAVE HEARD REPUBLICANS IN

THE HOUSE OR THE SENATE SAY MUCH WORSE THINGS, OPINIONS

ABOUT JOE BIDEN.

ALL OF THIS CONGRESSMAN WAS DOING WAS READING THE CHARGES

THAT WERE THERE. THE REMARKABLE CONTRAST WHEN

YOU SAW TRUMP'S ENTOURAGE OUTSIDE THE COURTHOUSE WHERE HE

HAS LEGIONS OF REPUBLICAN LAWMAKERS INCLUDING THE HOUSE

SPEAKER TALKING ABOUT WHAT A SHAM THE TRIAL IS AND HANDLING

THE COMMENTS THAT TRUMP IS PROHIBITED FROM MAKING BECAUSE

OF A GAG ORDER. IT IS A REMARKABLE MOMENT OF

ONE SIDE -- THE WAY TO CALL IT. KAILEY:

CERTAINLY SOMETHING TO SEE HAPPENING ON THE HOUSE FLOOR.

WE WILL HAVE MORE WITH OUR POLITICAL PANEL.

COMING UP NEXT, WE WILL TALK MORE ABOUT THE CRYPTO BILL I

WAS REFERRING TO THAT THE HOUSE WILL BE VOTING ON.

MARKET STRUCTURE. WE WILL DISCUSS IT MORE WITH

KRISTIN SMITH, CEO OF THE BLOCKCHAIN ASSOCIATION ON

>> YOU ARE LOOKING FOR GOOD EXAMPLES OF BIPARTISAN

COOPERATION. OR WORK IN THE COMMITTEE ON

DIGITAL ASSETS IS JUST THAT.

THIS BILL, THE 21ST CENTURY ACT, FIRST-EVER REGULATORY

STRUCTURE FOR DIGITAL ASSETS, IS COMING TO THE FLOOR FOR A

VOTE.

>> IT IS TIME TO BRING OUR FINANCIAL SYSTEM INTO THE 21ST

CENTURY. THE BILL ESSENTIALLY LAYS OUT

THOSE GROUND RULES. THE PLAYING FIELD, SO PEOPLE

WHO INNOVATE IN THE DIGITAL SPACE, PEOPLE WHO ARE CREATING

THE NEXT GREAT INTERNET ARE ABLE TO DO THAT HERE IN THIS

COUNTRY. KAILEY:

THAT WAS CONGRESSMAN WILEY NICKEL FROM NORTH CAROLINA AND

THE HOUSE MAJORITY WHIP SHARING THEIR THOUGHTS ON THE

FINANCIAL INNOVATION AND TECHNOLOGY FOR THE 21ST CENTURY

ACT THAT IS SITTING THE HOUSE FLOOR THIS EVENING.

A CRYPTO BILL THAT DIVIDES AUTHORITY BETWEEN THE CFTC AND

THE SEC. GARY GENSLER AND THE WHITE HOUSE HAVE COME OUT IN

OPPOSITION TO THE LEGISLATION. JOINING US TO DISCUSS IT

FURTHER IS KRISTIN SMITH, CEO OF THE BLOCKCHAIN ASSOCIATION.

THANK YOU FOR JOINING US ON "BALANCE OF POWER."

TOM EMMER TOLD US THIS WEEK HE IS CONFIDENT IT DOES HAVE THE

VOTES TO PASS IN THE HOUSE TONIGHT BUT IF THE SEC IS OUT

AGAINST IT AND THE WHITE HOUSE IS OUT DOES IT STAND A REAL

CHANCE IN THE SENATE? KRISTIN: THE SENATE IS ANOTHER

CONVERSATION. THE ONE THING WE DO KNOW IS WE

ARE EXPECTING A STRONG BIPARTISAN VOTE IN THE HOUSE ON

THE FIT 21 BILL. THAT VOTE IS SYMBOLIC BECAUSE

IT SHOWS THAT BOTH PARTIES ARE WILLING TO COME TOGETHER TO

WORK ON THIS LEGISLATION BUT IT SHOWS THAT CONGRESS IS THE ONE

THAT SHOULD BE MAKING THE POLICY.

THE SEC DOES NOT HAVE THE AUTHORITY TODAY.

WE NEED TO GIVE THE APPROPRIATE AGENCIES -- WE ARE EXCITED BY

THIS VOTE. WE FOCUS ON THE VOTE TODAY AND

MAKING CHANGES TO THE BILL WHEN IT GETS OVER TO THE SENATE. JOE:

ARE YOU GOING TO THROW A PARTY FOR GARY GENSLER WHEN THIS

PASSES? KRISTIN: ABSOLUTELY.

I THINK POLICYMAKING TAKES TIME AND A LOT OF EDUCATION.

WE HAVE THE FULL HOUSE OF REPRESENTATIVES VOTING ON A

CRYPTO BILL, A HUGE MILESTONE. KAILEY:

IT IS SOMETHING THE OUTGOING FINANCIAL SERVICES CHAIR

PATRICK MCHENRY HAS BEEN PUSHING FOR BUT HE IS NOT

SEEKING REELECTION. IF IT CANNOT GET ACROSS THE

FINISH LINE IN THIS CONGRESSIONAL SESSION, IF IT

CANNOT BE TWEAKED ENOUGH IN THE SENATE TO PASS, DO WE HAVE TO

START FRESH ON THIS ISSUE IN JANUARY 2025? KRISTIN:

YES, WE WOULD HAVE TO START OVER BUT I THINK THAT IS A GOOD

THING. WHEN THIS BILL WAS ORIGINALLY

CRAFTED WE WERE COMING OFF THE FTX COLLAPSE AND THERE ARE SOME

COMPLICATED PIECES TO THIS BILL. AS WE LOOK TO NEXT CONGRESS WE

HAVE SO MANY MEMBERS OF CONGRESS TODAY THAT NO MORE

ABOUT THIS THAN TWO YEARS AGO WHEN THIS PROCESS STARTED.

WE HAVE A LOT OF CANDIDATES RUNNING IN THE HOUSE AND THE

SENATE AND EVEN THE WHITE HOUSE THAT ARE OPEN TOWARD CRYPTO

POLICY AND LEARNING ABOUT THE SPACE.

THE SET OF POLICY MAKERS WE WILL HAVE AN PLACE ON CAPITOL

HILL NEXT CONGRESS WILL BE EVEN MORE EDUCATED.

IT IS NOT THE END OF THE WORLD IF IT DOES NOT GET DONE THIS

YEAR BUT WE ARE EXCITED IT HAS GOTTEN TO THIS MILESTONE.

I THINK THIS SHOWS HOW MUCH ARE THE CRYPTO INDUSTRY HAS BECOME

WHEN IT COMES TO ENGAGING WITH LAWMAKERS AND THERE IS ALSO A

RECOGNITION THAT SOMEBODY PEOPLE ACROSS THE COUNTRY OWN

DIGITAL ASSETS, THEY CARE ABOUT THE POLICIES THAT IMPACT THEM

AND THERE IS A REAL GRASSROOTS SWELL OF SUPPORT FOR GETTING

GOOD POLICY DONE. JOE: THIS IS GENERATIONAL, I THINK

THAT IS YOUR POINT. YOU CALL YOURSELVES THE

COLLECTIVE VOICE OF THE CRYPTO INDUSTRY AT THE BLOCKCHAIN

INDUSTRY. WHO IS THE VOICE OF THE CRYPTO

VOTER? WHO IS THE CRYPTO VOTER? 18-24?

THESE CRYPTO BROS? KRISTIN: IT DOES TEND TO SKEW YOUNGER.

THERE WAS A HERON TEXAS PAUL RECENTLY THAT SHOWED 1 IN 5

VOTERS ARE WATCHING WHAT CRYPTOCURRENCY -- THAT WAS A

SURPRISING NUMBER. OVER 52 MILLION AMERICANS OWN

CRYPTO. THERE IS AN ORGANIZATION FOR

INDIVIDUALS WHO WANT TO GET INVOLVED CALLED STAND WITH

CRYPTO. YOU CAN SIGN UP AND BE A PART

OF IT. IT GIVES YOU TOOLS TO WEIGH IN

WITH YOUR CONGRESSMEN AND SENATORS.

THAT ORGANIZATION HAS BEEN ACTIVE IN HELPING INDIVIDUALS

MOBILIZE. JOE: THESE ARE VERY INVOLVED.

[LAUGHTER] KAILEY: THERE IS A LOT OF MONEY HERE,

AS WELL, INCLUDING A TRIO OF SUPER PACS. KRISTIN:

IT IS ABOUT 00 MILLION THAT HAS BEEN RAISED ON THE SUPER

PAC SITE. IF YOU LOOK AT THE CRYPTO

INDUSTRY POINT OF VIEW WE BELIEVE WE HAVE BEEN TREATED

INCREDIBLY UNFAIRLY AND HOSTILE BY THE SEC. THE INDUSTRY HAS

DECIDED ENOUGH IS ENOUGH. WE ARE GOING TO DO EVERYTHING

POSSIBLE TO GET A FAIR CHANCE AT GETTING SOUND REGULATION IN

PLACE THAT STRIKES A BALANCE BETWEEN PROTECTING CONSUMERS

AND FOSTERING INNOVATION HERE IN THE UNITED STATES.

WE ARE THAT THE BIG KIDS TABLE. WE HAVE GRADUATED, GROWN UP AND

WE ARE MATURE AND READY TO ENGAGE. KAILEY:

IT WAS A BIG MOMENT FOR THE INDUSTRY WHEN THE SEC APPROVED

SPOT BITCOIN ETF'S. OUR ANALYST AT BLOOMBERG

INTELLIGENCE RAISE THEIR ODDS FOR ETF APPROVAL FROM 25% TO

75%. WHAT DOES IT MEAN FOR THE INDUSTRY? KRISTIN:

IT IS EXCITING. THE FACT THAT THE SEC IS

CONSIDERING THIS -- MOST PEOPLE INCLUDING THE BLOOMBERG

ANALYSTS UNTIL THEY GOT THIS NEW INFORMATION THOUGHT THE

ODDS WERE VERY LOW THIS YEAR. I THINK THE SEC IS PROBABLY

READING THE TEA LEAVES. IT IS HARD FOR THEM TO CONTINUE

TO HAVE THIS HOSTILE TAKE TOWARD THE CRYPTO INDUSTRY AND

THEY REALLY CANNOT JUSTIFY NOT CONSIDERING THESE APPLICATIONS.

I DO NOT KNOW IF IT WILL BE THIS WEEK OR SOMETIME IN THE

NEXT COUPLE WEEKS OF THE PROCESS SEEMS TO BE UNDERWAY.

IT WILL BE VERY IMPORTANT BECAUSE IF THE SEC APPROVES

THESE, IT UNDERMINES THE CASE THEY ARE TRYING TO MAKE THAT

ETHER IS A SECURITY. WE THINK IT WILL BE VERY

IMPORTANT FOR THESE TO GET FORWARD.

WE ARE ENCOURAGED BY THAT NEWS. ALSO VERY ENCOURAGED BY THE

BIPARTISAN VOTES WE HAD IN THE HOUSE AND SENATE ON THIS.

THE COUNTING ROW REPEAL HAS BEEN ANOTHER BIG VICTORY.

WE ARE HAVING A BIG MOMENT IN CRYPTO POLICY WORLD.

IT IS BECAUSE OF ALL THE HARD WORK SO MANY PEOPLE HAVE BEEN

DOING THAT WE ARE FINALLY BEING TAKEN SERIOUSLY. JOE:

THANK YOU FOR BEING WITH US ON THIS DAY OF THE HOUSE VOTE.

KRISTIN SMITH WITH US AT THE BIG KIDS TABLE ON "BALANCE OF

POWER ."

BRITISH PRIME MINISTER RISHI SUNAK CALLED FOR A SURPRISE

ELECTION THIS SUMMER.

>> IT IS THE MOMENT FOR BRITAIN TO CHOOSE ITS FUTURE.

TO DECIDE WHETHER WE WANT TO BUILD ON THE PROGRESS WE HAVE

MADE OR RISK GOING BACK TO SQUARE ONE WITH NO PLAN AND NO

CERTAINTY. EARLIER TODAY I SPOKE WITH HIS

MAJESTY THE KING TO DISCUSS A DECISION.

THE KING HAS GRANTED THIS REQUEST AND WE WILL HAVE A

GENERAL ELECTION ON THE FOURTH OF JULY. JOE:JOE:

YES, HE SAID THE FOURTH OF JULY. STANDING IN THE RAIN IN FRONT

OF NUMBER 10 DOWNING. FOR MORE ON WHAT THIS DECISION

MEANS, WE ARE JOINED BY JOE TWYMAN, FOUNDER AND CEO OF

DELTA POLE. WHY DID THE PRIME MINISTER

THINK EARLIER WAS BETTER? JOE: MANY PEOPLE ARE ASKING THAT

PRECISE QUESTION. IN THIS COUNTRY, IT IS THE

CHOICE OF THE PRIME MINISTER WHEN THE ELECTION IS HELD.

GENERALLY SPEAKING, YOU HOLD THE ELECTION BECAUSE YOU THINK

THINGS WILL NOT GET ANY BETTER. THAT SEEMS TO BE THE

EXPECTATION FOR RISHI SUNAK. HE BELIEVES NOW IS THE TIME TO

CALL THE ELECTION BECAUSE OVER THE SUMMER THINGS MAY

DETERIORATE, WHETHER IT IS THE ECONOMIC SITUATION OR THE

SITUATION WE HAVE WITH IMMIGRATION, OR THE NATIONAL

HEALTH SERVICE -- ALL OF WHICH ARE IMPORTANT ISSUES -- AND THE

ELECTION HAD TO BE HELD BETWEEN JANUARY 28 AND HE DID NOT WANT

TO LOOK DESPERATE. THE FOURTH IS THE DATE. KAILEY:

U.S. INDEPENDENCE DAY, WHICH WE MIGHT FIND MORE INTERESTING ON

THE SIDE OF THE POND. YOU TALKED ABOUT HOW THE

ECONOMY IS A FACTOR. I HAVE TO WONDER -- DOING THIS

IN JULY DOES NOT LEAVE ROOM FOR ANOTHER PHYSICAL EVENT LATER

THIS FALL. MAYBE JUICE THE ECONOMY A

LITTLE BIT MORE. COULD THAT PROVED TO BE A

MISTAKE IF THAT IS ON THE MINDS OF VOTERS? JOE T.:

IT CERTAINLY COULD. THE COST OF LIVING IS THE MOST

IMPORTANT ISSUE WOULD U.S. PEOPLE ABOUT WHAT IS FACING

THEM AND THEIR FAMILIES OR THE COUNTRY AS A POLE.

IT WAS EXPECTED THERE WOULD BE SOMETHING OFFERED TO THE PUBLIC

BEFORE THE ELECTION TOOK PLACE.

NOW IT WILL NOT BE POSSIBLE EVEN FOR THE BANK OF ENGLAND TO

LOWER INTEREST RATES IN LIGHT OF POSITIVE NEWS WE HAD ON

INFLATION YESTERDAY. IT IS A BIG GAMBLE ON ALL

FRONTS, BUT PARTICULARLY ON THE ECONOMY.

ALTHOUGH THE PRIME MINISTER IN HIS SPEECH TODAY TALKED ABOUT

HOW THE ECONOMIC SITUATION WAS IMPROVING, THE DATA SHOWS THE

GENERAL PUBLIC CLEARLY NEED CONVINCING.

AROUND A QUARTER OF PEOPLE EXPECT THE ECONOMY PEOPLE -- A

QUARTER OF PEOPLE EXPECT THE ECONOMY TO GET BETTER.

IT HAS GOTTEN WORSE OVER THE LAST 12 MONTHS.

THAT IS NOT A SITUATION ANYONE WANTS TO GO INTO GOING INTO AN

ELECTION. JOE M.: WE ARE HEARING THE SCOTS ARE

PRETTY ANGRY ABOUT THIS, I GUESS THAT IS THE FIRST WEEK OF

SCOTTISH SCHOOL HOLIDAY. JOE T.: THAT IS RIGHT.

THE SCOTTISH STATE SCHOOLS HAVE HOLIDAYS THEN.

THE REST OF ENGLAND AND WALES WILL HAVE HOLIDAYS FROM MID

JULY ONWARD. IT WILL CAUSE DISRUPTION FOR

CAMPAIGNING IN SCOTLAND, PARTICULARLY AROUND SCHOOLS

WHICH ARE OFTEN USED AS POLLING STATIONS.

IT COULD HAVE A LOGISTICAL IMPACT. I DOUBT IT WILL HAVE A

SIGNIFICANT IMPACT ON THE ACTUAL RESULT.

WE WILL WAIT AND SEE. KAILEY:

FINALLY, AS WE AWAIT THE ACTUAL RESULTS, SITTING HERE IN THE

U.S. WE TALK ABOUT WHETHER PRESIDENT

BIDEN WORK PRESIDENT TRUMP WOULD MEAN FOR OUR

RELATIONSHIPS ABROAD. WHAT DOES PRIME MINISTER RISHI

SUNAK AGAINST HIS OPPONENT MEAN FOR RELATIONSHIPS LIKE THAT?

DOES IT CHANGE ANYTHING IN TERMS OF THE U.S.-U.K.

RELATIONSHIP? JOE T.: BOTH THE CONSERVATIVE PARTY AND

THE LABOUR PARTY ARE MORE CLOSELY ALIGNED TO THE

DEMOCRATS OF JOE BIDEN THAN THEY ARE TO THE REPUBLICANS OF

DONALD TRUMP.

BUT AT WHAT IS WE REGARD AS OUR CLOSEST ALLY, EITHER PRIME

MINISTER WOULD WORK WITH WHOEVER IS ELECTED INTO THE

WHITE HOUSE IN NOVEMBER. KAILEY: I AM SURE THAT IS WHAT THEY

WOULD TELL US AS WELL. JOE TWYMAN, THANK YOU SO MUCH

FOR JOINING US HERE ON "BALANCE OF POWER."

COMING UP WE WILL TAKE A CLOSER LOOK AT THE MEETING HAPPENING

BETWEEN TECH EXECUTIVES IN THE CANYON PRESIDENT -- KENYAN

PRESIDENT. SHIRLEY MARTEY HARGIS JOINS US

NEXT. THIS IS "BALANCE OF POWER" ON BLOOMBERG TV AND RADIO.

♪

>> THIS IS "BALANCE OF POWER" ON BLOOMBERG TV AND RADIO.

PRESIDENT BIDEN IS HOSTING KENYAN PRESIDENT WILLIAM BRITO

-- WILLIAM RUTO THIS WEEK.

THE WHITE HOUSE TRIES TO -- BLOOMBERG HAS MORE FROM THE

WHITE HOUSE.

>> PRESIDENT BIDEN INVITED EXECUTIVES FROM THE U.S.

AND KENYAN BASED COMPANIES TO THE WHITE HOUSE AND THAT

INCLUDES THE CFO OF GOOGLE'S PARENT COMPANY, ALPHABET.

THIS IS PART OF A BROADER PUSH FOR MORE STRATEGIC INVESTMENT

IN KENYA. PRESIDENT BIDEN ADDRESS THIS

MOMENTS AGO. HIGHLIGHTING A RENEWED

MEMBERSHIP. PRES. BIDEN:

WE ARE LAUNCHING A NEW ERA OF TECHNOLOGY BETWEEN KENYA AND

AMERICA, INCLUDING NEW EXCHANGES IN INVESTMENTS IN KEY

FIELDS OF CYBERSECURITY, AI AND SEMICONDUCTORS.

>> IT IS A WELCOMED SENTIMENT FOR KENYAN PRESIDENT WILLIAM

RUTO WHO ALSO VISITED CAPITOL HILL AND MET WITH HOUSE SPEAKER

MIKE JOHNSON WHERE HE TOLD HIM ECONOMIC ISSUES WOULD BE A KEY

PART OF THIS VISIT.

>> THE ECONOMY IS A BIG SPACE. WE WILL BE DISCUSSING HOW WE

CAN BUILD ON INVESTMENT, TRADE, BUSINESS.

INVESTMENT ON THE CONTINENT SINCE 2013.

THE SAME YEAR BEIJING -- JOE M.: THANK YOU.

WE HAD A LITTLE TROUBLE WITH HER LINE FROM THE WHITE HOUSE.

WE APPRECIATE THE REPORTING ON AN IMPORTANT STATE VISIT.

THE CONVERSATION WE NOW EXTEND WITH SHIRLEY MARTEY HARGIS,

SENIOR CHINA POLICY FELLOW. IT TRULY IS GREAT TO SEE YOU AT

THE TABLE. I THOUGHT YOU WERE TALKING

ABOUT KENYA, OUR AUDIENCE AS, WHY DO WE HAVE A CHINA EXPERT?

WOULD THIS BE HAPPENING TODAY IF NOT FOR CHINA'S INFLUENCE ON

THE GLOBAL SOUTH? SHIRLEY: I WAS AT THE WELCOMING CEREMONY

FOR THE PRESIDENT TRUMP KENYA THIS MORNING AND I THINK --

AFRICA RECOGNIZES THAT CHINA -- RATHER CHINA RECOGNIZES THAT

AFRICA IS THE FOUNDATION FOR OUR SEMI CONDUCTOR INDUSTRY,

GLOBALLY. CHINA RECOGNIZES THAT SUPPLY

CHAINS ARE COMING TO THE CONTINENT.

CHINA RECOGNIZES THAT THE ANCHOR FOR ENERGY TRANSITION IS

ALSO ON THE CONTINENT. MUCH TO YOUR POINT, JOE, WHEN

YOU SAID THAT, IS THIS PART OF THE REASON WHY? I WOULD SAY YES.

KAILEY: YOU JUST SAID CHINA RECOGNIZES

ALL OF THESE THINGS. YOU SEE DOLLARS BEHIND THOSE

THINGS WITH BELT AND ROAD, THERE WERE SOME GREAT GRAPHICS

SHOWING INVESTMENT INTO NOT JUST KENYA BUT THE AFRICAN

CONTINENT AS A WHOLE, FAR EXCEEDS INVESTMENT FROM THE U.S.

DOES THE U.S. RECOGNIZE THE SAME THINGS TO

THE EXTENT THAT IT NEEDS TO? SHIRLEY:

WHAT I THINK IS FASCINATING ABOUT THE BIDEN ADMINISTRATION

IS IT IS CLEARLY TRYING TO REINSTALL TRUST WITH THE

AFRICAN CONTINENT. HOWEVER, THERE HAS BEEN SO MANY

YEARS OF THE CHECKERED PAST, CHECKERED INVESTMENT FROM THE

U.S. ON THE CONTINENT.

IN THE U.S., WE HAVE, WHAT, MILLIONS OF AFRICANS HERE IN

THIS COUNTRY? MY PARENTS IMMIGRATED HERE

DECADES AGO. WE ARE FROM GHANA. I WAS BORN AND RAISED HERE.

THERE ARE SO MANY AFRICANS HERE THAT ARE CONTRIBUTING TO THIS

ECONOMY AND FILLING IN THE SHORTAGES OF THE HEALTH-CARE

INDUSTRY AND THE TRANSPORTATION INDUSTRY, SO MANY STEM RELATED

AFRICANS WHO COME HERE, THE CONTINENT IS NOT WAITING, BUT

CHINA AND RUSSIA, FOR BETTER OR WORSE, DO RECOGNIZE AFRICA'S

GEOPOLITICAL HEFT. THE U.S.? THAT IS TO BE DETERMINED.

[LAUGHTER] JOE: WHEN WE LOOK AT BELT AND ROAD

AND INVESTMENTS MADE IN A COUNTRY LIKE KENYA, MILLIONS

INVESTED BUT A COUNTRY LEFT DEEP IN DEBT BECAUSE OF IT.

THAT IS PARTLY WHY THEY ARE TURNING TO THE U.S., WITH OUR

INVITATION IN THIS CASE. IS BELT AND ROAD A FAILURE IN

AFRICA? SHIRLEY: I THINK THE EARLIER AFRICAN

COUNTRIES THAT WERE AT -- THAT CHINA STARTED WITH WITH THIS

BELT AND ROAD INITIATIVE, INCLUDING KENYA, ESPECIALLY

KENYA IS ONE OF THE FIRST COUNTRIES TO REALLY PUSH

AGAINST CHINA. RIGHT NOW, THOUGH, CHINA IS NOW

SHARPSHOOTING A BIT. THE ARE LOOKING AT THE ICT

AREAS IN AFRICA. YOU HAVE A YOUTHFUL

ENTREPRENEURIAL SPIRIT. MOST OF THE WORLD WILL BE

AFRICAN IN A FEW YEARS. 90 MILLION AFRICAN HOUSEHOLDS

WILL COME INTO THE CONSUMER AREA IN 2025.

CHINA KNOWS WITH ITS CHALLENGES THEY HAVE TO BE STRATEGIC.

THEY ARE LOOKING SPECIFICALLY AT TARGETING THE CIT LOOK --

ICT LOCATIONS IN AFRICA. THEY ARE NOT JUST THROWING

MONEY AT THE CONTINENT ANYMORE. WE HAVE TO HAVE A PRESENCE

THERE BECAUSE AMERICAN BUSINESSES CAN BENEFIT

SIGNIFICANTLY.

IT CAN BE A WIN-WIN SITUATION. KAILEY:

IT IS SO INTERESTING TO HEAR YOU TALK ABOUT STRATEGIC

COMPETITION AND AT SIGN IS RECOGNIZING ALL OF THESE

DIFFERENT STRATEGIC THREATS OR OPPORTUNITIES. THE U.S.

TALKS A LOT ABOUT STRATEGIC COMPETITION WITH CHINA.

WE HAVE A WHOLE HOUSE COMMITTEE DEDICATED TO IT.

A LOT OF THAT FOCUSES WITH OUR RELATIONSHIP WITH CHINA,

IMPORTS AND EXPORTS, RESTRICTIONS ON WHAT CAN GO

INTO CHINA. DOES IT FOCUS ENOUGH STRATEGICALLY ON EVERYWHERE

ELSE, THAT CHINA IS HAVING INFLUENCE THAT WE SHOULD ALSO

BE FACTORING INTO OUR POLICIES? SHIRLEY:

THIS IS I SUPPOSE WHERE THE CHINA STUFF COMES IN AND WHY I

AM HERE. A LOT OF FOLKS WILL SAY CHINA'S

GOVERNMENT MODEL IS VERY RIGID, AND IT IS.

HOWEVER, THEY ARE WILLING TO TRY THINGS.

THEY ARE IN KENYA, MANY COUNTRIES IN THE AFRICAN

CONTINENT. THEY ARE IN THE ARCTIC.

THEY ARE ALL OVER THE WORLD. THEY ARE WILLING TO TRY THINGS

WHERE WE TEND TO THINK IN A BINARY WAY.

FOR EXAMPLE, NOW WE HAVE THE KENYAN PRESIDENT HERE.

THERE ARE SO MANY COUNTRIES WAITING FOR OUR PRESIDENT TO GO

TO THE CONTINENT.

FOR BETTER OR WORSE, HE IS GOOD AT MEETING WITH NATION LEADERS.

IT IS HISTORICAL WHAT WE ARE DOING RIGHT NOW WITH PRESIDENT

RUTO. HOWEVER, CHINA -- WE TEND TO

FOCUS A LOT ON CHINA. THE STRATEGIC BENEFIT IS THEY

ARE ABLE TO FIND OPPORTUNITIES ALL OVER WHERE WE ARE A BIT

MORE RISK ADVERSE, AND UNDERSTANDABLY SO.

EVEN AFRICAN COUNTRIES ARE NOT PERFECT EITHER.

IT IS AS THOUGH -- NOT AS THOUGH -- I WILL SAY WE TEND TO

TELL A LOT OF COUNTRIES, AFRICAN COUNTRIES, ESPECIALLY,

WE ARE TELLING YOU WHAT YOU WANT, WHERE CHINA IS GOOD AT

SEEING, "WHAT DO YOU WANT?" THAT IS NOT ALWAYS A GOOD

QUESTION TO ASK. THERE ARE A LOT OF PROS AND

CONS. THIS IS WHAT YOU GET WITH THE

U.S. AND CHINA. JOE: MUCH HAS BEEN SAID ON THIS

VISIT ABOUT A PROGRESS -- A PROMISE UNKEMPT BY THIS

PRESIDENT. HE IS THE FIRST DEMOCRATIC

PRESIDENT TO NOT VISIT THE CONTINENT SINCE LYNDON JOHNSON

-- A FACT THAT JUMPED OFF THE PAGE FOR ME THIS MORNING.

TODAY HE MADE REFERENCE HE WOULD LIKE TO GO IF HE IS

REELECTED, HE MIGHT GO SHORTLY AFTER THE REELECTION.

WHAT WOULD PRESIDENT XI MAKE OF THAT? SHIRLEY:

PRESIDENT XI WOULD DO WHAT HE OFTEN DOES, WHICH IS REMIND

MANY OF THESE PLACES THAT THE U.S.

HAS NOT BEEN CONSISTENT WITH THE WALL BUT WE HAVE SHOWN UP.

WE HAVE MULTIPLE SUMMITS WITH YOU ALL, WE ALWAYS SHOW UP.

I THINK -- IT SEEMS LIKE A BIG HILL.

IT SEEMS LIKE IT IS TOO LATE FOR US -- IT IS NOT.

HOWEVER, IF WE SAY WE ARE GOING TO GO TO AFRICA, WE HAVE TO GO.

LIKE YOU SAID, LYNDON JOHNSON, THAT IS A LONG TIME.

JUST BUILDING THE CONSISTENCY. IT IS GREAT THAT ANTONY BLINKEN

AND VICE PRESIDENT HARRIS ARE GOING TO THE CONTINENT BUT

STATE LEADERS NEED TO SEE EACH OTHER.

IT SEEMS MINOR BUT IT SHOWS RESPECT. KAILEY:

CONSISTENCY IS KEY AND YOU HAVE TO KEEP THE PREMISES.

SHIRLEY MARTEY HARGIS, THANK YOU SO MUCH FOR JOINING US IN

OUR WASHINGTON, D.C. STUDIO. COMING UP NEXT, WE WILL BE

JOINED BY OUR POLITICAL PANEL TO DISCUSS THE LATEST BLOOMBERG

PAUL AND HOW THE NUMBERS ARE LOOKING FOR JOE BIDEN AND

DONALD TRUMP. THIS IS "BALANCE OF POWER"

ON BLOOMBERG TV AND RADIO.

>> I AM NOT SURE -- SMILING AT THIS POINT.

THESE ARE VERY CLOSE CONTESTS ACROSS THE SWING STATE MAP.

THE ONE THING THAT MIGHT MAKE THE PRESIDENT SMILE IS THAT

SINCE THE WINTER, HE HAS SEEN HIS SUPPORT IMPROVE A BIT.

LOOK, HE IS STILL UNDERWATER IN MOST OF THE STATES. JOE:

THAT WAS ELI WITH MORNING CONSULT, TALKING WITH US

EARLIER ON THIS PULLING DAY AT BLOOMBERG.

THE NEW BLOOMBERG SWING STAPLE IS OUT -- SWING STATES POLL IS

OUT. IF THIS ELECTION WERE HELD TODAY AS WE HAVE SEEN IN THE

AGGREGATE ACROSS THE SEVEN SWING STATES, IT WOULD BE A WIN

FOR DONALD TRUMP. OUR POLITICAL PANEL.

IT IS GREAT TO SEE YOU BOTH. THANK YOU FOR JOINING.

PEOPLE ARE CELEBRATING THE BLUE WALL NUMBERS FOR JOE BIDEN IN

THIS CASE. THIS IS NOT A SLAMDUNK FOR HIM.

HE IS NOT ACTUALLY LEADING IN ALL OF THEM.

THEY ARE WITHIN ONE OR TWO POINTS.

SHOULD HE BE CELEBRATING THESE NUMBERS KNOWING DONALD TRUMP

HAS BEEN LOCKED IN A COURTROOM FOR THE BALANCE OF THIS POLL >>

IN A WORD, NO, ABSOLUTELY NOT. I USUALLY CELEBRATE EVERY MONTH

WHEN THE BLOOMBERG CONSOLE POOL COMES OUT BUT LATELY WITH YOU

ARE ON THE DEMOCRATIC SIDE THERE IS NOT MUCH TO CELEBRATE.

THE NUMBERS LOOK A TAD BIT BETTER BUT THEY ARE PRETTY

DISMAL. THIS IS WHY WE SAW THE PRESIDENT NOT MONEY AGO TRYING

TO SHAKE UP THE RACE WITH THE DEBATES.

THERE HAS TO BE A LOT MORE SHAKING OF THIS RACE FOR HIM TO

FEEL COMFORTABLE OR CELEBRATE ANYTHING AT THIS POINT. KAILEY:

LET'S TALK ABOUT DONALD TRUMP AND HOW HE MIGHT VIEW THESE

NUMBERS. THAT MIGHT NOT BE TOO MUCH TO

CELEBRATE FOR BIDEN, ARGUABLY HE IS CLOSING THE GAP IN KEY

STATES. ACCORDING TO THE RESPONDENTS IN

THIS POLL, MORE THAN 1000 ALLUDED TO SEEING COVERAGE OF

TRUMP'S COURT CASE RECENTLY. IT RAISES THE QUESTION OF TO

WHAT EXTENT THAT IS FORMULATING AN OPINION ABOUT HIM AND

POTENTIALLY LEADING TO A NARROWING.

WE HAVE NOT GOTTEN AN ACQUITTAL OR CONVICTION YET.

HOW CONCERNING SHOULD THAT BE FOR THE TRUMP CAMPAIGN?

>> IT SHOULD BE VERY CONCERNING. WE ALL KNOW THE MAGA VOTERS

WILL BE THE MAGA VOTERS AND THERE IS NOTHING FROM CAN DO TO

DISSUADE THEM. ABOUT 26% DO NOT KNOW HOW THEY

FEEL ABOUT THE TRIAL. IF THEY WANT TO CLOSE THE GAP

AND GET ADDITIONAL VOTERS, THAT IS A HUGE CONCERN.

AMERICANS HAVE VOTER FATIGUE RIGHT NOW.

THEY ARE TIRED OF THE CHAOS AND ALL OF THE CHARGES.

I DO NOT THINK IT HELPS HIS CASE AT ALL. JOE:

ONE OF THE TAKEAWAYS, HALF OF SWING STATE VOTERS THINK THEY

SHOULD BE WORRIED ABOUT VIOLENCE.

SURROUNDING THE ELECTION. THAT COULD INCLUDE CONVENTIONS.

WE HAVE HEARD ABOUT THE POTENTIAL FOR VIOLENCE IN

CHICAGO. WHEN YOU SEE DEMOCRATS AND

REPUBLICANS WORRIED ABOUT SOMETHING LIKE THIS, WHAT DOES

IT TELL YOU?

>> IT IS REFLECTING WHAT WE HAVE KNOWN.

THERE IS A LOT OF INSECURITY OUT THERE.

THEY DO NOT FEEL LIKE EITHER CANDIDATE FOR LEADERSHIP IN THE

U.S. FOR A LONG TIME HAS BEEN ABLE

TO PUT THEM AT EASE. EVERYONE WENT THROUGH THE

PANDEMIC, JANUARY 6, THE GEORGE FLOYD PROTESTS, THE LIST GOES

ON AND ON. PEOPLE DO NOT FEEL SAFE IN

THEIR HOUSE OR NEIGHBORHOOD AND THEY WANT LEADERSHIP TO ADDRESS

THAT. THEY FEEL LIKE THE ELECTION

WILL ONLY EXACERBATE THIS AND MAKE THINGS WORSE.

WE ALL HOPE THAT IS NOT THE CASE BUT THEY ARE REFLECTING A

VERY REAL CONCERN AND DOING IT -- THIS POLL COMES OUT TODAY.

JUST 24 HOURS AGO WE HAD DONALD TRUMP'S CAMPAIGN WITH A VIDEO,

30 SECONDS UP FOR 18 HOURS WITH NAZI PROPAGANDA IN IT.

HOW CAN YOU EXPECT FOR PEOPLE TO FEEL SAFE AND SECURE WITH

THE SELECTION IF YOU HAVE SOMEONE CHANNELING SOMETHING

LIKE THAT AND THEN BLAMING IT ON A STAFFER? IT IS A PATTERN.

IT IS DEEPLY TROUBLING TO BOTH SIDES. KAILEY:

ESPECIALLY AS WE CONSIDER NOT JUST THE PROTESTS WE HAVE SEEN

ON COLLEGE CAMPUSES, THE GEORGE FLOYD PROTEST AND THE AFTERMATH

OF HIS DEATH, JANUARY 6, AS WELL.

YOU WORK FOR FORMER SPEAKER KEVIN MCCARTHY FOR A LONG TIME.

YOU SPENT A LOT OF TIME ON THE HILL.

I AM SURE IN THE DAYS BEFORE AND AFTER IF NOT ON JANUARY 6,

2021. GIVEN WHAT HAPPENED THAT DAY,

WE SAW WHAT AMERICANS ARE CAPABLE OF DOING, DO VOTERS

HAVE ANY REASON WE WILL NOT SEE SOMETHING LIKE THAT HAPPEN

AGAIN?

>> THIS POLL MAKES SO MUCH SENSE.

OF COURSE IF YOU LIKE THERE WOULD BE VIOLENCE OR

THREATENINGS ABOUT DEMOCRACY. WE SAW IT ON JANUARY 6.

REPUBLICAN MEMBERS ARE CALLING THEM HOSTAGES.

THE NARRATIVE HAS COMPLETELY CHANGED.

THE VOTERS DO NOT FEEL THAT WAY. THE VOTERS ARE REELING FROM THE

TRAUMA OF THAT DAY. IT IS A BLEMISH ON OUR

DEMOCRACY. IT IS EMBARRASSING. IT IS EMBARRASSING THAT THAT IS

THE WAY THE REPUBLICAN HAS DECIDED TO GO. KAILEY:

OUR PANEL WILL STAY WITH US. WE WILL TALK ABOUT JIM MCGOVERN

WHO HAD HIS WORDS ABOUT DONALD TRUMP AND HIS ONGOING LEGAL

ISSUES STRICKEN FROM THE RECORD ON THE HOUSE FLOOR TODAY.

WE WILL GET REACTION FROM THIS POLITICAL PANEL NEXT ON

"BALANCE OF POWER" ON BLOOMBERG TV AND RADIO.

>> CANDIDATE FOR PRESIDENT OF THE UNITED STATES IS ON TRIAL

FOR SENDING A HUSH-MONEY PAYMENTS TO A PORN STAR TO

AVOID A SEX SCANDAL DURING HIS 2016 CAMPAIGN.

HE IS ALSO CHARGED WITH CONSPIRING TO OVERTURN THE

ELECTION AND STEALING CLASSIFIED INFORMATION AND A

JURY HAS ALREADY FOUND HIM

LIABLE FOR RAPE IN A CIVIL COURT.

IN THIS REPUBLICAN-CONTROLLED HOUSE, IT IS OK TO TALK ABOUT

THE TRIAL BUT YOU HAVE TO CALL IT A SHAM.

IT IS OK TO SAY THE JURY IS RIGGIED.

>> THE GENTLEMAN WILL SUSPEND. KAILEY:

THAT WAS DEMOCRATIC CONGRESSMAN JIM MCGOVERN ON THE FLOOR OF

THE HOUSE AND THOSE WORDS WERE IN FACT TAKEN DOWN FROM THE

RECORD. BACK WITH US NOW IS OUR POLITICAL PANEL.

I AM NOT SURE THIS WOULD HAVE GONE DOWN MUCH DIFFERENTLY

UNDER FORMER SPEAKER KEVIN MCCARTHY UNDER THE SPEAKERSHIP

OF MIKE JOHNSON, BUT YOU TAKE DOWNWARDS THAT WERE ESSENTIALLY

A LISTING OF ACTUAL CRIMES THAT DONALD TRUMP HAS BEEN CHARGED

WITH, WHAT DOES THAT SAY ABOUT WHERE WE ARE IN THIS HOUSE OF

REPRESENTATIVES RIGHT NOW?

>> . WE ARE COMPLETELY DIVIDED I THINK WE HAVE BEEN FOR A FEW

YEARS. I THINK MCGOVERN MADE AN EXCELLENT POINT.

REPUBLICANS ARE ABLE TO TALK ABOUT THIS TRIAL AND CALL IT A

SHAM BUT WHEN HE BRINGS UP ACTUAL FACTS, THEY WANT TO

STRIKE HIS WORDS DOWN. . IN THE HOUSE, WHEN YOU ARE

GOING TO GIVE A SPEECH ON THE FLOOR, YOU ARE NOT ALLOWED TO

CALL MEMBERS WEATHERED INDIRECTLY.

PERHAPS THAT IS HOW HOUSE REPUBLICANS WILL GO ABOUT IT. .

ULTIMATELY HE WAS TELLING WHAT THE NEWS WAS REPORTING. JOE:

THIS BROUGHT BUSINESS ON THE FLOOR TO A HALT FOR ABOUT AN

HOUR. THE FACT OF THE MATTER IS IT

STRIKES ME THAT IF NOTHING WAS SAID ABOUT THIS IT PROBABLY

WOULD NOT HAVE MADE ANY NEWS AND NOBODY WOULD HAVE HEARD

WHAT MR. MCGOVERN SAID. THE DEMOCRAT FROM MASSACHUSETTS HAS

BEEN KNOWN TO BE A FLAMETHROWER. I FEEL LIKE I HAVE HEARD HIM

SAY MORE CONTROVERSIAL THINGS ABOUT DONALD TRUMP.

NOW WE CAN GO RAISE MONEY ON THIS. THIS IS THE CYCLE.

THIS IS HOW THIS GOES.

>> I AGREE IT SOUNDED BENIGN. THIS LITANY OF FACTS ABOUT

CHARGES AGAINST DONALD TRUMP. I AM LISTENING TO THIS THE

OTHER DAY WITH MARJORIE TAYLOR GREENE AND THE EYELASHES AND

THEN YOU LISTEN TO THIS AND PEOPLE ARE SCREAMING, "STRIKE

IT FROM THE RECORD!' WHAT WILL STRIKING IT FROM THE RECORD DO

NOW THAT IT HAS BEEN ALL OVER SOCIAL MEDIA AND C-SPAN?

IT SEEMS COUNTERPRODUCTIVE. MAYBE IN 1800 IT MADE SENSE BUT

NOT NOW. THIS IS A PARTY, THE REPUBLICANS, WHO LIKE TO TALK

ABOUT FREE SPEECH. I UNDERSTAND. SHE IS RIGHT THERE ARE RULES IN

THE HOUSE. SHE DID NOT SAY ANYTHING

AGAINST A MEMBER. THAT SAID, I DO WORRY WHEN HE

SAID AFTERWARD HE COULD KEEP DOING IT.

I THINK HE SAID THAT IN JEST BECAUSE HE GOT UNDER THEIR SKIN

BUT I REALLY WISH CONGRESS WOULD DO SOMETHING PRODUCTIVE

FOR THE PEOPLE. AN HOUR STALLED FROM DOING

ANYTHING AS A RESULT FROM PRETTY MUCH NOTHING SAID.

IT MAKES YOU WONDER WHY ANYBODY HAS FAITH IN CONGRESS AT THIS

POINT. KAILEY: PART OF THE REASONING WE HEAR

AS TO WHY THINGS ARE SO HARD TO GET DONE IN CONGRESS IS WE ARE

WORKING WITH SLIM MARGINS. IT HAS BEEN ONE VOTE.

IT WILL NOW BE TWO BECAUSE YOUR FORMER BOSS' SEAT GOT FILLED.

NOW THAT WE ARE THIS DEEP INTO AN ELECTION YEAR, HOW MUCH DOES

ONE VOTE MATTER?

>> NOT MUCH. I KNOW HIM FROM MY TIME WORKING

IN SPEAKER MCCARTHY'S OFFICE. I THINK HE WILL DO WONDERFUL

THINGS FOR THE DISTRICT BUT THE MAJORITY IS SO SLIM AND WHETHER

IT IS ONE VOTE OR TWO, WE WILL CONTINUE TO BE STALLED AND NOT

GET ANYTHING DONE. IT IS A PRESIDENTIAL ELECTION

YEAR SO I DO NOT THINK WE WILL SEE MUCH MORE. JOE:

WHAT WILL KEVIN MCCARTHY BE DOING IN THE NEXT SEVERAL YEARS?

>> I HOPE CELEBRATING LIFE AND LIVING IT TO THE FULLEST. JOE:

YOU CANNOT DO THAT IN WASHINGTON. [LAUGHTER]

IT IS GREAT TO HAVE YOU THE TABLE AS WE ADD MORE VOICES TO

OUR CIRCLE AT "BALANCE OF POWER ." CHECK OUT THE WASHINGTON

EDITION NEWSLETTER IF YOU WANT TO FOLLOW-UP UP ON THE STORIES.

IT IS ALL THERE WITH THE INTERVIEWS YOU MIGHT HAVE SEEN

OR HEARD TODAY. KAILEY: THANK YOU SO MUCH FOR JOINING

US ON "BALANCE OF POWER ." JOE WILL BE BACK TOMORROW.

I HAVE A VACATION TO TAKE WHAT I WILL SEE YOU NEXT WEEK.

HAVE A GOOD NIGHT. THIS IS BLOOMBERG TV AND RADIO.