tv Bloomberg Technology Bloomberg January 20, 2017 5:00pm-6:01pm EST
mark: i am mark crumpton. john: and i am jon erlichman. ith all due respect to president obama, sayanora. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org >> happy, or for many, not so happy, donald trump is president day. lcome to this final encore episode of respect respect. he waved at the people as he walked down the street on
pennsylvania avenue. earlier he became the 45th president of the united states. swearing in on his childhood bible. he used his address to paint a grim picture of the country as it durnl stands and cast himself as a chief who can and will bring a brighter future. let's start with what was a day full of pomp and circumstance as the nation witnessed a pillar of our democratic process, the peaceful transfer of power from ibrahimovic to donald trump. he will attend three black tie inauguration balls held around the city tonight. mark, let's step back and take a look at this day in its entirety. did donald trump, do you think, get the inauguration that he hoped for? -- would say 73 than.5% 73.5%. he behaved so normally today. he tweeted, but he tweeted his
message from the inaugural speech, and he didn't attack anybody today. he agreed to basically do a carbon copy of the norm of riding up with his predecessor, walking through the hall of congress, standing where he was supposed to stand. clearly his advisors, who under reported, under discussed, there was very little leaking about the process, about the speech, about was was going on, what executive orders he would sign. i think it was a solid day. haters will hate it the people who like him will like it. i don't think he moved very much forward, except the people who set trump can't change today said he understands he is not a candidate, he is not president-elect. he is president. that is a step forward potentially. >> there are two things, i think, that are true about this. one is that an inauguration just by its nature, by the
ceremonial nature and historical gravity, it almost doesn't matter who the person is or how it goes. you become president of the united states. that is what donald trump wanted. >> he got that. >> the thing that donald trump lso wants is to be an epically historically massively popular figure. >> and today was small compared to ibrahimovic's first election. >> or the second. it hearkened back to george bush in 2000. respectable, not scarce, but not a big heaving mass on the mall. and donald trump wants. that he wants approval. he wants to be a super bowl. and by that measure, especially compared to a president with their cordality of the last few weeks, there was so much enmitt between them, and trump falls sort on that measure. that can't make him happy.
>> if this were truery kind of broad movement he says he has, there would be more people there. >> claimed in his address, the greatest movement, unlike anything in human history. the reality is he won the presidency, but he got 46% of the vote, and there is a divided country. his popularity is low, and it just was not -- the throngs were not out. >> right. right after donald trump utter thad 35-word presidential oath of office, he ziffered a 16-minute, 1,400 word inaugural address. that is a little shorter than speeches by other new presidents. while the trump speech is already drawing some criticism for his gloomy overtunes, he leaned heavily on economic theme from the campaign, america first. >> from this day forward, a new vision will govern our land. from this day forward, it's going to be only america first.
we will bring back our jobs. we will bring back our borders. we will bring back our wealth, and well bring back our dreams. we will build new roads, and highways, and bridges, and airports, and tunnels, and railways all across our wonderful nation. we will get our people off of welfare and back to work, rebuilding our country with american hands and american labor. we will follow two simple rules. buy american and hire american. we will not fail. our country will thrive and prosper again. >> broadly speaking, what did you make of the speech itself? >> total campaign speech. literally there was nothing he said that deviated in any meaningful way from the stuff that he has said for a year and a half as a candidate.
there is message discipline and consistency to that. this is going to sound crazy, and i am not grading on a curve, but people think he might attack hillary clinton. he didn't do any of that stuff. he was not a racist or sectionist speech. it was a relatively clean, crisp version of what he said during the campaign, which is america is a crap hole right now and that i alone can fix it. corvo good paraphrasing. he has a slightly stronger hand because he is president now. he didn't do anything memorable. he didn't do anything that i would think anyone think anew about him in a way that would broadest his appeal in the country, >> which he has to do. >> and even if he had given the best speech of his life, i don't think it would have changed much. he will live or die on whether he gets washington gridlock to end, things passed and the economy to work better. today, no matter what he did
wasn't going to affect that. >> one of the things trump has is a problem with the truth. there were no egregious discreet lies in this speech, but there was one big implicit lie. his picture of the country, which it has big problems and need changes, and there is no question about that. but this country he inherits is in such better shape now than the one president obama inherited. he paints it as aities utopia. we will talk more about it in a bit. >> there are thing he feels still haven't been fixed. it was not all celebration in our nation's capital today. a lot of americans viewed his inauguration and new official poythress weather reservation, angst, anger or dread. some elected officials chose to boycott the inauguration today. protestors clashed with police before and after the nacion
ration, shashing windows and doing other things, leading to more than 90 arrests. tomorrow, hundreds of thousands more demonstrators in the women's march on washington. mark, what do you think we can learn from response of the anti-trump forces during these first few hours of his presidency? >> they are mad and they are it. oing to take there is affirm it. there is affirm evidence this is going to be an opposition like no other, but it doesn't have a focus. the chances they are going to stop trump or hurt trump are minimal. well see what they do in the courts. ready to burn washington down to stop his presidency. in a broad sense, i think their ability to actually impact the
outcome of what happens with protests like this and the lack of focus on what exactly they want is minimal. >> here is where you could be wrong, and i think it is going to be a great test. the reality is there is more opposition to donald trump right now than there was to ibrahimovic when he came into office. yet the tea party was able to mobilize and have a movement that through the town hall meetings in 2009 and 2010 created big problems for ibrahimovic and allowed republicans to take control of con gregs in 2010. there is still happening out in the country right now on the affordable care act that suggests that maybe some off the left learned some of the lessons from the tea party about how to bring activism at the local level to bear. the a.c.a., the attempt to repeal it, will be a big test for whether diems can marshall this energy constructively and conceivablely get back in control of some body of government. >> if they focus activities on
, they could do that. but you hear other things. it is part of the prodder problem that the democrats have. you saw it in the fights over the trump nominees for the cabinet. they scatter everybody. if you do that, you are going to be less successful. democrats like herding cats on mushrooms. >> up next, american carnage and forgotten voices. we will break down more of the trump speech when we come right back. ♪
>> like many things donald trump, his inaugural address was a bit of a mystery before he stepped up to the teleprompter because he team did not release excerpts, let alone the full text. what he said, though, is essentially an extension of what he has been saying all along, including a pretty grim and foreboding portrait of life in america today. >> for too many of our citizens, a different reality exists. mothers and children trapped in poverty in our inner cities. rusted out factories, scattered like tombstones across the landscape of our nation. an education system flush with cash but with leaves our young and beautiful students deprived
of all knowledge. and the crime, and the gangs, and the drugs that have stolen too many lives and robbed our country of so much unrealized potential. this american carnage stops ight here and stops right now. >> that phrase american carnage is going to go down as one of the more memorable phrases from trump's address. what did you make of the tone of the speech, which was reminiscent of his convention speech? >> carnage, tombstones, trapped, robbed. even by the standards of richard nixon who in 196 ran a campaign not that dissimilar to the one trump ran, the scriptive part was remarkably dark. he then paints a picture of the bright rosie future he is going
to usher in so he can say is not fully pessimistic. but i to say it is a part of the challenge for him to be a successful president is to build a coalition that goes beyond the 46% of the electorate, 29% of humans in the country who say they are for him. to do that, you have to paint a an merck america of they recognize a little more han this one, this utopian image. he has to do more. >> people want optimism in their presidents, and there is no doubt that trump is darker more often than your typical recent president. at the same time there is no doubt -- if you look at everything trump did during the campaign that was misinterpreted and misjudged by the media. his speech, judged as a failure, may have been correct.
people are angry and scared. if this show weren't ending tonight, i would have to warn people i would be representative about this. it is going to be about whether he brings the economy back. if he economy comes back, accident have to be dark anymore. if getting people energized to act requires this, it might be a good thing. but i find it dark. >> i do. i find it too dark, sickly for an inaugural address. it bothered me more here than convention. >> right. this is supposed to have more of an attachment to history and grander and loftier things. >> and leaking. >> i have to play another one here. let's talk about the positive thing. i wonder -- >> i wonder where the word carnage came from. that is a loaded word. >> very loaded. he offered hope to millions of americans that voted for him.
here is president trump speaking directly to those folks. >> the forgotten men and women of our country will be orgotten no hong-chinner -- no longer. everyone is listening to you now. you came by the tens of millions to become part of a historic movement, the likes of which the world has never seen efore. at the center of this movement is a crucial conviction, that a nation exists to serve its citizens. >> mark, that is the part where the populist -- there is a populism there and a pivot to a more positive vision of what is to come. what do you think that translates into substance for trump? really, a lot of very grand promises but not a lot of meat on the bones.
>> on the outside, i don't ever think trump is going to be a unifying figure. it is about the inside game. can he get diems to vote on the inside agenda? today i don't think so. if he can convince democrats that he has a hold on the sensibilities of middle-class voters, then i think he can convince them to follow him down some of these paths. >> it is a parallel. we discussed it earlier. the parallel between him and ibrahimovic that people will ot like, is that -- that owe -- obama had that people will not look, it hurt him in aspirations in being a unifying figure. >> and it kept him from getting anything done in the last six years on domestic policy. >> if trump wants to be a hugely successful president, he has to get those democratic votes. if he goes the path of just
apocalyptic tone of the new president's inaugural speech was striking, as well as the early policy positions that they laid out on the white house website. what really comes across is an emphasis of strength. three of the policies were focused on foreign policy, law enforcement, building up the military. you get the sense that there is going to be an aggressive posture by this administration not just in rolling back obama's agenda, but in projecting an image of strength . it seems to important to president trump. i also think -- what i found striking was the juxtaposition between his populist tone in his speech and the central perch he gave some of his billionaire supporters throughout this week. i reported on the many perkins that wealthy -- the many perks that his don't osi got. two of them were on the podium
for his swearing in and attended the lunch chfment is unusual. >> there you see donald trump and the first lady arriving there at the reviewing stand on pennsylvania avenue to watch ore of the inaugural ceremonies. let's talk about something else on pennsylvania avenue, which has become a source of multi-dimension a.m. controversy, which is the hole. the trumps have a lease from the government for that property. tell us but that and how that will play out? >> the hotel is the first confrontation trump is going to have with a whole array of potential conflicts of interests he is going to have to address when it comes into the intersection of his governing and business empire. when he took oath, he put the
hotel's lease in jeopardy. according to law, no federal official can benefit from the contract. that is under the purview of the new president to confront. he used the hotel to promote his inauguration throughout this week. he had official inaugural events there. we have seen foreign diplomats flock to the hotel as a way to curry favor with the new administration. i think there are lot of questions bound up in how he is going to interact with the property, and it is really an embodiment of this tangle of issues he faces when it comes to his business and administration. >> we have been staying on the same theme. we have been hearing people like norm izer and other officials talk about how trump would get sued on day one as soon as he was sworn in over some of these matters and
violating clauses of the constitution. how seriously do you think he should take that? a, could it happen, and b, how big a problem could it be? >> i think the first hurdle would act be -- actually be finding an entity standing to sue. there is speculation that if you have another business that is suffering because of the arrangement of trump's hotel, that that business could have standing to sue. but i do think that is going to be an unlikely prospect, especially so early in the administration. but the fact is i think it will be effectively a really big p.r. issue for him. there is already a campaign that has been launch today to build support for his exeachment. that is one of the main issues that is cited, the potential that he is violating the urnette -- the foreign
emoluments clause. it could become a legal problem if things continue. >> is it clear that as these hings play out, that he is going to have to use private counsel, or will this be a big part of the portfolio of the white house counsel's office? >> i am sure there will be a lot of interplay. that sort of goes to the heart of the position he's in, which there is an incredible overlap between his roles now. it is something he has maintained vigorously that is not a problem. he has said repeatedly that as president he can't have a conflict of interest, which is not entirely true. while some conflict of interest statutes do not apply to him as president, there are plenty of other violations he could face. >> real quick, there were protests on the streets of washington today. the women's march is coming tomorrow.
what is the mood of the city at this point as you guys get ready for a much bigger influx of anti-trump bodies on the ground tomorrow? >> i think it is important to note despite the violence and disruptions, it is actually a very small group of violent demonstrators today. city officials are urging people not to have a repeat tomorrow of what we saw on the streets today, which included fires being set and destruction. so we will see. hopefully it will be peaceful tomorrow. >> metea gold, great to see you. more on donald trump's big day and his presidency to come right after this. ♪
sounds of donald trump's big league inauguration day. cheers and applause] ♪ announcer: ladies and gentlemen, welcome to the inauguration of the 45th president of the united states of america. >> i, michael richard pence do solemnly swear. >> i donned john trump do solemnly swear -- >> we the citizens of america are now joined in a great national effort to rebuild our country and restore its promise for all of our people.
announcer: ladies and gentlemen, the 45th president j. he united states, donald trump, and the first lady. [cheers and applause] >> our next guest tonight is three guests. iz smith, democratic strategist and deputy campaign manager from martin o'malley's bid. and our friend from the washington post, the great, one and all, phil rucker. we saw president obama on his far tour. i want to start with dan, phil and then liz. what is the best thing that has happened to the democratic party since donald trump's election? >> the best thing that has
happened to democrats, and the best thing for republicans too, which is it is going to force all of us to think long and hard what we stand for. donald trump ran against both parties. the inaugural speech you heard today was almost a decoration of action and a warning against both parties. with the leadership of both parties standing with him. the challenges for each party and how they are going to react are obviously different, but they are both going to have to think seriously about what they stand for and why. donald trump is going to challenge a lot of conventions. president obama leaving warrick is the things with democrats? >> the problems they are beginning to confront. his big victories has overshadowed a deadline for the
democratic party for the house level and the gudbranson no toler level. they have sort of hit rock bottom, and they have to rebuild, figure out what they stand for, what they are fighting for, who the future leaders are going to be. hose are the things they are facing today. >> liz what, do you think? >> i think it has brought us out of complacency. having president obama in the white house made us complacent. governor's races matter, and state races matter. we see a democratic party much more activity. they are going to the town halls. they are demanding they are represented and give them answers on how and -- why they will repeal obama care and how they will replace it. my hope as someone who has worked on a lot of governors' races, is that finally the democratic party will stop just focusing on the white house and
start looking to state houses across the country. >> the reality is, as we were noting earlier, there is much more democratic opposition to trump than there was republican opposition to obama's inauguration. is the a.c.a. is a good test case for whether democrats can get together and marshall this energy to bracket ends? >> i think it is. one note of caution i would say for democrats and my one ggest fear is that democrats devolve to trump use. if we focus on issues like a.c.a. and get people to flood their congressman to town hall meetings just as the tea party did years ago, we can use it in the same way. >> we saw donald trump at the
luncheon his inaugural address hanging out with friends of yours like paul ryan, having a cordial exchange with chuck schumer, who he recently referred to as a clown. stick to theside. what is it going to be like now between the republican leadership, your friends, and donald trump? >> i would say the republican leadership and i think actually the trump team both recognize they have this sort of highly improbable, but very practical marriage right now. i mean con congressional republicans recognize that they have been working a lot of ideas for a long time. tax reform, thinking about health care reform. they have been thinking about what philosophical profile a successor to justice sclea should have. they have been thinking about it, but they have not been able to get the support for these coalitions. trump turned out voters who would have never turned out for con congressional republicans
with the leaders you saw with him today. on the trump side there is a growing recognition that, as energetic and focused as they are, they are not going to be able to get much done without the legislative brain power, horsepower and skills of paul ryan and mitch mcconnell. there is also recognition among the republican con congressional leadership that trump can turn on them on a dime. they are working together gnome on agenda items, but if he senses they are moving too slowly or if he senses they don't agree with him on everything, he can quickly cut deals with the other side, undercut the republican leadership. i thought the speech was essentially a warning to everybody that he could turn his fire on anybody at any moment. >> i don't want to ask you to be a prognosticator, but give me a sense, given the realities we discussed, intense democratic oppositions, with
signs they may work with trump on a few things, the republicans in an uneasy coalition with him, fully ue till taryne. is this a big productive 100 days for donald trump, or are we going to start to see this thing unravel pretty quick? >> i think it will be fairly productive at first. there are a number of things that trump can do himself through executive actions, starting today and in the days for him. he is going to be able to tell people he is getting things done. it seems health care is moving fairly quickly, although that is going to be more complicated than the president would like. but it is unclear how much of the rest of his agenda he is going to be able to muscle through in short order. he wants this presidency to be one of velocity. he wants action fast, and that is not how the system works. even to the republicans control both houses in the congress. it is going to be messy. >> liz, into the current environment, which is pretty
polarized and partisan, is about to come a supreme court nomination, which is about the most polarizing event that occurs. what is the reaction of the democratic party going to be to a conservative nominee? of ere is clearly a lot trust ration with how the republicans treated garland and slow walked it. there are two schools of thought here. do we try to work with him or resist him at every turn? if it is something we really believe would undermine all the things we stand for, i think you would see democrats fight like hell against him. but if he is someone that is more toward the middle, i can see democrats combat lating a little bit. they will not benefit by being a party of not making the government work. we just cannot obstruct everything the republicans today. >> liz, can i ask you a question?
i agree if he pick as moderate there is a chance he splits the democratic senate for the supreme court. what if he doesn't pick a moderate but focuses his fire on democrats from red states, states that he wants, people like tester from montana that are up in 2020. isn't there a chance he could probably peel away a few of those democrats even with a conservative pick? >> he does definitely have a chance of doing that. i saw joe mansion today talking about that, and how he is willing to, would with donald trump on some of these things. some of the political realities will come home for these democrats, and that is going to be his challenge. again, even with tester, even with manson, if trump puts up a gal, o is going -- or sorry -- or goes against core democratic values, i don't see them going along with it. so if it is someone who is going to undermine labor rights
or things like that, those guys aren't going to go along with it. >> phil, we're seeing delay in the quirpation of most of the cabinet nominees. what breaks that logjam? >> well, it is not clear. the senate democrats obviously are trying to slow this down and apply some more scrutiny on these nominees. some of them have had a rough go at it in these hearings. it is still not clear how any of them are going to be derailed. the republicans have a majority? the cincinnati. the nominees need a simple 51 vote margin to get through. many are likely to pass in coming weeks. >> let me ask you about rex tillerson, an important nomination and one that is potentially in jeopardy if marco rubio were to act consistently with the way he has treated tillerson in his confirmation history. what is your instinct about senator rubio and the other
republicans on that committee and what they are going to do? >> i think that rubio -- are you asking phil or me? >> i am asking you, dan. >> i think that if you listen to what rubio said publicly, all signs are pointing that he votes against. that is my sense of it as well. if he votes against, that means the senate foreign relations committee, 11 republicans and 10 democrats. it just takes one accidenting republican. there are other tactics to still get tillerson to the floor. even if rubio votes against, tillerson still gets to the floor. he will probably just get confirmed a tweak later than he otherwise would have, assuming the republicans hold. about a week later. but it will clip his wings a little bit. it will get things off to a bumpy start. i don't think the white house will be particularly happy. the unknowns now are mccain and
graham. if they vote against on the floor, even if it gets to the flow through a negron recommendation, and all the democrats hold, then he could come down. i think this going to be messy over the next 7-10 days. it is going to be the result of an inter-republican disagreement. that is not something the white house wants. they want to convey, as well they should, is momentum. donald trump is assembling his team. they want momentum, and this could slow down the momentum. not jeopardize it but slow down the sense of it. >> all great americans, thank you for your service to america. >> good talkers. >> and to this program. thank you all. up next, donald trump's first big executive moves as president. we will talk to two bloomberg colleagues who cover the white ouse went woe wwe come -- when we come back.
>> joining us now, bloomberg's senior white house reporter, margaret, the one and only, and one of bloomberg's newest white house reporters covering the trump administration, j.j. jacobs. jennifer, let me start with you as someone who followed the trump campaign pretty carefully. how happy do you think the trump team is with how things have gone toot in toto? >> very well. they do think their speech was good. i know it has been criticized as having too much economic dystopia and carnage. but they think there were a lot of references to healing division. he had a lot of references to
black, white, brown, we all bleed the same patriotic blood. the weather held off. it only dripped a little bit. all in all, it went pretty well. i think they are pretty tirppede they are running on adrenaline right now, but they are raring to get going. >> margaret, i am going to give you a huge, giant, fat pitch here to swing for the fences on. >> great. >> someone who covered barack obama since 2007, in his initial campaign and threw his white house years. big day for him. end of an era. gets on a allen with michelle obama, and they are flying to vacation in palm springs. what is that conversation like on the plane? what is he saying as he literally flies out of town and out of the presidency? >> there is like president of barack obama thinking to himself i should say nothing, count to 30 and take a nap.
but he spend the last two months trying to signal to donald trump that he would be l for him for matter what, president to president, that he is committed to the nation's security. and in today's speech, beyond saying that the obamas have been magnificent to him on a personal note, donald trump did t acknowledge any of the successes of the obama administration or the economic precipice from which he turned things around in 2009 when he came to office. i think president obama probably disagreed very much with donald trump's sort of vision and approach to today's speech, but he also said he was going to step back for a while. i think president obama, former probably obama now is very concerned probably very concerned about how donald
trump is did go to reach across the aisle and unify the country. >> this government starts out with a lot of missing people, a lot of slots nato filled, confirmation process ahead. are they worried about a home alone factor, or are they used to being lean and run the government with a lot smaller group than usual. >> they have told us they really do have their list of those undersecretaries and deputies. they have people in mind to move in. as you know, they have that small set of obama staffers that they held over that they say will be bridging the gap for them until they can replace them. i think they are feeling ok. >> margaret, what is happening senior dent obama's advicors? are they leaving washington? what is happening to them? >> it is really all over the map. there are several already in california or thinking about making their way there. several had planned to move on but realized thy may end up staying with barack obama for for the severing --
first part. it really is all over the part. ideologyly, you have people who are done with it and want to walk away and others who want to regroup for next presidential fight. >> president obama now has signaled repeatedly and surprisingly that he may have a bigger voice and bigger role in public life in his post presidency than most of us expected for most of the time he was in the white house. i sense, among a lot of lillibridge -- a lot of liberals, that they think barack obama is still the leader of their party, and they will be looking more to him than chuck schumer or anybody in office. do you think in six months he will be the twacto continuing ex-post leader of the party? >> i think he feels there is a real danger in that. that in order for the
democratic to come back from where it is, it needs new blood. if hillary clinton's election didn't broof that, i don't know what he is his else. open obama's team is trying to figure out how much to be in front and how much to advise behind the scenes? that is true of joe biden as well. if there really are more than 100 executive orders or actions coming from this new administration in the next few ys as newton begin grichuk predicted, how many of those will be to repeal or undo the actions of the obama administration, and how broadly will that be felt. >> we need a short answer. today looked like a pretty normally day for a president being sworn in and the inauguration festivities. what is the first time we will see a different type of president? >> watch for them to do something with national security quickly. they are going to want to use their executive orders as talking points to be able to say later the first things we
we want to say thanks once again to the management team here at bloomberg who let us to do the show and all the people who help us get the program on the air ref day, light and sound engineers, crew, fonzy and so many others who made this possible. >> they are a good looking group. i also want to say thanks to all the people who came on the show. we never paid them a dime. they made us smarter, and to the extent we did anything good, we owe it to them. >> thanks to all of you, and to you who watched the program. we appreciate the time you gave us. or the last time we say to you sayonara. ♪ >> you are watching bloomberg
sworn in as the 45th president of the united states. return power to the american public and deliver on campaign promises. protesters clashing several times today in the nation's capital as a donald trump was sworn in. authorities had to resort to teargas as hundreds of thousands of demonstrators did damage to city blocks. in london, hundreds gathered in front of the u.s. embassy to protest the inauguration. but u.k. anti-u.s. protesters say they are concerned with the direction the new president seems to be taking in u.s. government policy. there were similar protests in germany. the senate armed services committee already voted in favor of the retired army general