Skip to main content

tv   Bloomberg Markets Trump First 100 Days  Bloomberg  March 23, 2017 1:00pm-2:01pm EDT

1:00 pm
first 100 days in office. the procedural vote on the health care bill is down to the wire. he presses conservatives. we have a former house majority leader joining us with his perspective and the state of the republican party. and we hear from to republican lawmakers, one backs the bill, the other does not. tennessee and maryland senators. and they terror attack in london, former state official will join us. she is the president and ceo of new america. we will get her take on global terrorist attacks. ♪ david: a house vote on partially replacing obamacare set to take place later today as trump administration officials are discussing holdouts.
1:01 pm
a former on this woman undecided. she is from the seventh district of tennessee. she is standing by with kevin cirilli on capitol hill. tendon --h the congresswoman, will you vote for it, anwillt paonight allcan tell you that aptpaths are trending yes. i will come along and support a conservative yes vote. this is what we are seeing. the president is a great closer. we are working last-minute things out of the bill. here is what i think a lot of our members realize. you have got one shot for reconciliation, to hold down a lot of this and start the process and open it up for phase two and phase three. phase one is what -- phase two is what secretary price will do
1:02 pm
through the rule process, phase three is legislation. we can only limit our options inside and phase three if we don't utilize this regular -- reconciliation. we are making certain things work through the senate rules, ready to send something over so the senators can take their stab at it. you are the deputy with here. 21 votes is the number that people can vote against this legislation and still have it passed the house of representatives. what is the whip count? >> you will see fewer people than that vote against that. let me tell you, i think people realize this is our shot. i think they realize with , this is our shot to bring this down. you don't get a do over with reconciliation. you can do this and begin to take this down. you can then move forward with more options in phase two and
1:03 pm
phase three. kevin: in terms of the optics of this, also, i guess with the white house, if this vote failed , what would that mean to president trump agenda andalso the republican agenda? marsha: it would be a loss. it would slow down the tax reform process. we would not be able to move forward with infrastructure and broadband expansion and some of those items. they want to get them done this year. kevin: what about the concerns from moderates within the republican party that this potentially could be a piece of legislation that is hard on seniors as well as access to medicare. -- medicare? marsha: i know there are some groups that have sent out something saying this will
1:04 pm
affect medicare. this is not a medicare bill. what it does is it can work with medicaid, and it does put in place a new structure for medicaid to go back to the states. for states to have more flexibility. inthose things are there medicaid. this was a bill that is going to enable medicaid delivery to do a better job, to be able to offer the menu of services that people in their states want to see offered. kevin: and your predictions, will there be a vote tonight? marsha: i think we will get to about tonight. kevin: should there be a vote if you don't have the votes? yes, becausenk they will continue working at it. kevin: are you satisfied with the administration's outreach efforts to members of the congress? marsha: let me tell you, they
1:05 pm
have done a thorough job and consistent job in reaching out to the house congress. kevin: what about speaker ryan? marsha: he has done a good job staying in touch with members. i give him credit for that. and what a great job. kevin: thank you for coming on bloomberg. we will have to see if it is trending that way. we heard from the deputy with. she said all signs point to a vote. david: kevin cirilli, joining us from statuary hall. someone else for maryland later in the hour. this is a huge test toby speaker paul ryan. he is making it speech, saying, to govern is to choose. an opposition party does not have to make decisions, they can demand everything and vote for nothing, but we have a decision to vote on.
1:06 pm
i am joined by the chairman of bank:.reet investment he said these are the promises the republican party has made. you have looked at the bill with all of its iterations. is this keeping in with the republican platform? >> yes, it is repealing obamacare, shifting the direction to consumer-based health care, and the essence of a republican proposal such as this is to prioritize bringing down the cost of health care so more people can have access to it. you do that through free market mechanisms, encouraging consumer and patient participation, and getting the government out of the business of prescribing so much of what our health care is about today. david: there are consumers who want an all-out repeal. why not do that? why go about it this way? in a when you are
1:07 pm
situation like this, promoting a complex piece of legislation, taking everyone's views into consideration, a lot of people can say, i want perfect, and this is how we should be doing it. a lot of people would say fine, but in reality, you deal with what is before you. what is before you is a monstrosity of obamacare that has created a huge presence of the federal government in the health care situation for tens of millions of americans. andng to heal that back, go take the first step is what this bill is about. as you have heard paul ryan and others say, marsha blackburn said this is a step for the next phase. the secretary tom price will be there to implement the regulatory piece. then there will be follow-up legislative pieces. it does not happen all overnight. i sympathize with those who say it should, but the reality is,
1:08 pm
you have a lot of people with health care, impacted by obamacare, trying to address the bridge to the replace. david: critics have said, why push this through so quickly. paul ryan said we are not doing that. is there toidity the argument, you hear about all of thehanges bng proposed? was it ready for primetime? eric: absolutely. as you suggest, i was criticized for running across the field when i was there, but what was missing is what is in place now, there is a president in the white house who will sign this bill, a repeal bill and replace mechanism. that sort of sense, it was not there before, but all of the issues were discussed. like sogoing on is not many other times in the legislative process where you have got to listen to people,
1:09 pm
coalesce, take their input and come up with a final result. we heard the praise for the bill before it gets to the house floor, what does it look like now? eric: i served as with, and -- whip and now kevin mccarthy, understanding the wihip -- whip team, they are all down. what is different is we have a republican in the white house. republicans have not had that in over eight years because president obama was there, they republicans were always the out party. he is putting his shoulder into the wheel, donald trump, along with mike pence. that will make a difference in this time. the white house is so engaged. david: i was struck by something after the president went to saying, this is not about the president.
1:10 pm
if it we, could change views , but it is bigger. how big an obstacle is that to the president and paul ryan? eric: it is the beauty of the system where there are so many checks and balances, but by the essence of the presidential system where we have members of the legislative branch elected by approximately 750,000 individuals in their home district, or at least that is how many live, and that is a check on them. they want to follow the president of the united states, republican president, but they take into consideration concerns of their district, which is the give and take to manifest itself in the legislative process. david: eric will stay with us. we will talk about the news conference on health care later today at 3:30 p.m. you can watch that on bloomberg. but get a check of the markets with abigail doolittle. reporter: we are looking at small gains for the major averages at this point. the dow, s&p, all around even
1:11 pm
earlier, but now all three are higher. for the first time in six days. a bit of a relief. the s&p 500 and the nasdaq, second day in a row. we have the bloomberg function grr, group rate return, the sector returns. we see that real estate is at the top, financials also on top, tech is on the bottom. that is a reversal. they had been down for days in a row. tech is going to the downside with google, google down 1.5%. we have a turn that shows this , startingre than 1.5% to go back down to the lows after johnson and johnson did pull its ad from youtube. the reason this matters according to our analyst, shows the issue around added measure is escalating, and another intelligence analysts said you
1:12 pm
in a big company like alphabet is going to have to take a look at. something we will keep an eye on. turning quickly to the 10-year yield, the tenure is up for the first time in five days. it was higher on the day. we will be interested to see how this plays out, see if it will go back down. interesting, but another flat day for the financial markets in the u.s. david: a programming note, don't forget to watch bloomberg real yield tomorrow at 11:30 a.m. new york time. it focuses on events impacting the deadlines. a vice chair and former house majority leader will talk about the future of the gop. that is coming up. this is bloomberg. ♪
1:13 pm
1:14 pm
1:15 pm
♪ david: this is bloomberg markets, trump's first 100 days. i am david gura. partisanship has come to define washington. there are deep ideological divisions, infighting, and that has made crafting and passing legislation difficult. we have the former house majority leader, now a vice jerod bowman company. you were talking about republican-controlled white house. you said that would appease the fractures we have seen from the tuesday group and the freedom caucus. why is that? eric: the hope is forgetting the reality of the last time this happened. remember when obama and his party controlled congress in 2009, they passed obamacare, it took a lot longer, six months
1:16 pm
plus to have that legislation make its way through and be signed into law. these are very complex pieces of legislation, a lot of different interest groups, members hearing from a lot of people, but what makes a difference is to have the white house. in the end, that is what you will see his president trump will own this bill, own this process. they will get it to the goal line. david: you have been out. you look racket head contract washington is, is there more you or your colleague could have done? eric: they are doing a great job. i think the country really fell into a big divide post 2008, the obama years. they were not necessarily the most unifying years. i have got the scars to show for it. .his is where we are hopefully what we can see is progress being made in washington, and i know preside trp wanted to make more progress on the economy and
1:17 pm
cannot wait to get to the tax reform legislation. that is a complex topic and bill as well, a lot of back and forth in that as well. in the end, there is nothing like success that brings optimism, hopefully we see more of a consensus and unity come about the country. david: do we have a clear sense of what the agenda will be, realistic sense? a lot of people say if it does not pass, it will bring complexity for tax reform. some people are writing off the infrastructure bill. do you have a good sense what he is suggesting? health carey, this bill, congress made a decision they would repeal and replace obamacare first, because it has been a priority for eight years, so it is a gateway issue. you know, this bill will experience the privilege of having a low voting threshold. 51 vote threshold in the senate, that has to be completed if they want to do health care before
1:18 pm
they bring up tax reform. tax reform itself will also have the benefit of the lower vote threshold. these things have to occur or do cannot come back and introduce something else with that kind of privilege, or you lose that on a prior effort. , healththese two things care being the gateway issue, then the momentum happens, then comes tax reform and certainly presidenttrump, someone who believes very strongly in construction, creating more jobs , he has indicated he wants to see that happen. i think you will see movement on that. measurel have to be a where we experience bipartisan support, because there will be no lower voting threshold on that, so you need democrats in the senate. david: the cloud of russia's involvement looms over he. you had the chairman of the house intelligence committee going to the white house to talk about -- you know how the committee process works, how this is was to happen on capitol hill. how egregious of a step is that?
1:19 pm
the chairman apologizes to his committee members. that is what the reports have indicated. ' purpose is tos make sure there are independent investigations into what was going on at the time, and hopefully that can still be preserved. david: do you think that should be something outside of the intelligence committee, some kind of special intelligence investigation? eric: during my time at washington, i knew how the committees conducted themselves, the expertise and staff expertise, and you tend to minimize the politicize asian of any issues when you work through the standing committees and even select permanent committee like the intelligence committee. my sense would be, it is better to keep it serious. i think chairman nunez is trying to deal with the aftermath of his decision yesterday in reports that he would try to meet with the other side, his members and say hey, we need to
1:20 pm
focus on this. sor i d that. we will see how it comes out. dav: we will come back to the clients' questions. i want to look at this, this man says the voting may take place tomorrow, probably tomorrow rather than today. our conversation with eric cantor, former house majority leader continues. we have insight for investors asking about the way washington works. this is bloomberg. ♪
1:21 pm
1:22 pm
♪ david: this is bloomberg markets, trump's first 100 days. we are back now with eric cantor. expertise in your that new job you are talking to the clients, pulling up a chart #7075, the bloomberg,
1:23 pm
looking at the s&p 500 here we saw the s&p down earlier. it was announced the meeting would be postponed. this is a market paying close attention to what is happening on bloomberg -- capitol hill. continuedio with gridlock, to complicate the timing of tax reform and regulation. what is going on, will they be able to stick to the timetable? eric: i think from clients i'm speaking with around the world, all eyes are on what is happening in washington with the trump administration, the trump bump we have seen in the equities market, whether that will stick. from what i hear, people are more optimistic. i think it is well-founded when you look at that regulatory push and the fact that the trump administration and president trump himself had said there is a huge burden, over some -- over burdensome regulation. we have got to get people back
1:24 pm
to work. you have equities markets counting on tax reform, meaning lowering of the rates, because that goes straight to the bottom line. david: that is hard, a mammoth undertaking. eric: we have seen a pause in the markets, be getting ahead of ourselves that this would take a little bit more time. my money, if you will is still on the fact that these things get done in washington, republicans are in control, no excuse for tax reform not getting done, they will get it done. david: where do you see opportunity vis-a-vis washington, center-based, tax reform, infrastructure? what are you telling investors? at mullis, we have very active dialogue with clients. we have active dialogue regarding mna before the trump election and after the trump election. there is just a general sense of
1:25 pm
optimism that we have not seen i think it quite a while in this country, and i blame that on the geopolitical sort of atmosphere that was on the prior eight years. there was a hostility towards business, and the minute you look at the trump cabinet versus the obama cabinet and first go around them, the juxtaposition is extreme. you have very savvy businesspeople who understand risk, how we can go about creating the context for more investment. that was language that the other administration under president obama did not understand. david: in november use of the enthusiasm immediately afterward. did you think it was misplaced? eric: i think because there was such a yoke of burdensome regulation in so many sectors, you just think about it, whether it was health care or energy, or manufactory, the list goes on as far as where the government was intervening -- tax, for
1:26 pm
instance. you have all of these things, the discussions about reversing the very hostile, strong are government measures -- arm government measures, people can compete again. that is what is driving the optimism. david: i really appreciate your time. that is eric cantor, former house majority leader. onset we will hear from texas carter -- senator pete sessis, when he thinks donald trump can get it passed. this is bloomberg. ♪ the biggest week in tv is back.
1:27 pm
1:28 pm
wow, watchathon has netflix? hey, drop a beat... [ beatboxing throughout ] show me orange is the new black. wait, no bloodline. how about bojack? luke cage. oh, dj tanner. maybe show me lilyhammer. mmm, show me last chance u. on second thought, maybe pompidou. narcos, fearless, cooked, the crown.
1:29 pm
marco polo, lost & found. grace and frankie, hemlock grove. season one of... show me house of cards. xfinity watchathon week starts april 3. get unlimited access to all of netflix and more, free with xfinity on demand. the dinosaurs' extinction... got you outnumbered. don't listen to them. not appropriate. now i'm mashing these potatoes with my stick of butter... why don't you sit over here. something for everyone is awesome. find your awesome with the xfinity stream app. more to stream to every screen. david: breaking news on the health care reform bill, the white house has given its final offer to the freedom caucus. the freedom caucus said it would
1:30 pm
not be upset if it would back president trump on the offer. they could remove benefits in the individual market place. bit hn a sticking point for members of the freedom caucus. we had eric cantor saying he suspects a possible vote, this may slip from today, when it was scheduled from tomorrow. we have the daily press briefing shortly. we will hear what's sean spicer has to say. let's get to the other bloomberg first word news. mark crumpton has more. mark: british prime minister theresa may says 52-year-old khalid masouk, who carried out the terror attack, was in britain with criminal convictions. police believe he was once investigated for extremist links considered [indiscernible] the prime minister delivered a defiant message. theresa may: today we begin as
1:31 pm
normal. as future generations will continue to do, to deliver a simple message. we are not afraid. mark: senate minority leader chuck schumer says he will vote against neil gorsuch's nomination and urges other democrats to oppose the confirmation. the announcement came minutes pennsylvania democrat told bob casey he will vote against gorsuch -- neil gorsuch. they were the first democrats to announce that what direc they will take after he survives two days of destiny with no major stumbles. the senate confirmation hearing, the pick to lead the securities and exchange commission j clinton says he has no specific plans to dismantle regulations implemented under the dodd frank act. his clients included goldman
1:32 pm
.achs and pershing square he told members his work for financial firms would be a strength should he win confirmation to lead wash -- wall street's top regulators. syrian forces are taking on the last islamic state stronghold in the northern province of aleppo, according to state media. this comes as they carried kurdish allies -- behind the lines to carry out a major ground assault on aleppo. is overvaluedso and has room to run. they spoke to bloomberg about the currency from the sidelines of the banking conference in acapulco. >> the other fundamentals of the mexican economy, i think that peso is undervalued. >> by how much? >> it depends on different models. >> the one that you like. >> i look at several models at
1:33 pm
the same time. sense, 5%, 10%? >> it is no more than 10%, but still undervalued. mark: global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am mark crumpton, this is bloomberg. what we areis watching in washington this afternoon, the press briefing is about to get underway. we will monitor that and bring you as they crossed the bloomberg. at 3:00 p.m., president trump welcomes truckers and ceos to the white house for a listening session on the issue of health care, and paul ryan holds his weekly news conference. we are expecting an updaten the house health care bill. another update before that, my colleague joins us on capitol hill. the headlights crossing the bloomberg a few moments ago, the freedom caucus has not yet that it will back this final offer
1:34 pm
from the white house. what does the white house say is its final offer? eric: there is best kevin: there is no final offer about whether the freedom caucus supporting this. they are still hopeful and optimistic that there will be a deal. they are all meeting right now. we will have representative andy harris and, republican from maryland, on the air. of course, the freedom caucus members are meeting as we speak, trying to figure out whether or not they will back this plan. we spoke earlier with mashup blackburn, republican from tennessee. she said all signs are pointing that things are trending to a yes. sayrly they are trying to there is momentum for this attack. everyone is waiting to hear what the house read them caucus will do. -- freedom caucus will do.
1:35 pm
coming from the white house, a special assistant to president trump tweeted in saying it was a lengthy standing ovation fro the freedom caucus whecode is walked into the cabinet room walked-- when potus into the freedom cabinet room just now. sean spicer will speak moments from now about whether there is a deal. again, it will come down to the ultraconservative freedom caucus. david: we are seeing a diagram of the moment you just described . mark meadows is saying, there is repealement on the aca bill. let me ask you about the moderates. moderates in the house and senate, we have seen incremental changes over the last few days, what are you hearing in terms of response from those who might be dissuaded from voting? kevin: we spoke with representative blackburn who summed it up quite nicely. , againtrending to yes
1:36 pm
one of those moderate voices republicans will need. moderates in the house of representatives should take back this plan. what i am hearing, they feel the senate will be able to move it back to the middle. this, and popular as the reportable care act is, there are parts that remain popular with moderates in states like michigan, wisconsin, which president general -- president trump won. this has become a choice for president trump between the moderates and the conservatives, and what it would indicate now is he is trying to move the legislation toward the right in order to get it out of the house. that is still effective for later tonight, but anything can happen, and the vote could be delayed, which would mean lawmakers would work through the weekend to try to get to some other kind of deal. david: it was great to hear from eric cantor about what is happening.
1:37 pm
what happens when you are whipping a bill like this on capitol hill? ge me your reaction. what is being debated, discussed, what are you hearing about the timetable going forward? inin: we are standing right the middle, and all of these lawmakers coming and going, very fluid like. we are scheduled to arrange last-minute tweets and momentum, and everything being reverberated through the echo chamber, but the second point i would make is this is being sold to members of the house freedom caucus as a choice, a choice for which direction to take the conservative party in. cruz it -- rand paul, ted have frequently met in recent days with members of the house freedom caucus, urging them to stand strong against this type of policy prescription, which senator paul famously dubbed obamacare light. they are being faced with pressure that should they block, speaker ryan, should they not, this administration would
1:38 pm
significantly -- it would significantly impact the administration and carrying out the rest of trump's legislative agenda. david: kevin cirilli joining us. coming up, islamic state plans responsibility for the attack in london. someone joins us. and the president of ceo north america. the lone wolf. . this is bloomberg. ♪
1:39 pm
1:40 pm
♪ david: this is bloomberg markets, trump's first 100 days. let's get a check on where the market stand this afternoon. here is abigail doolittle. reporter: 40 minutes after we
1:41 pm
checked in, we saw what we saw a this morning basically unchanged. it was mixed, the nasdaq had turned lower, but much smaller gains than what we had been looking at. here is the s&p 500. it has been up nearly half a percent, but we see the index took a leg lower around 1:00. appears that short agitation, the bearish agitation for investors was a 10 year tip-off. that was disappointing. one interpretation that could be this, a treasury that protects against inflation, the readings are not that high, they don't need that rejection. that could be a bearish reading on the whole inflation trade, another way of saying the reflation investors are hoping for may not happen. looking at the 10 year yield, we see something similar, that saying bond had been rallying, trading three basis points around 1:00 has fallen back down. it will be interesting to see
1:42 pm
whether the 10 can stay higher or if bonds will rally. here is a chart that talks about a six-month time period. this is 6958. you can see the rally after the on aion, the most quarterly basis ever, then we see the 10-year yield has stalled. the last time the fed raised, it was a by the news moment price, and lots of uncertainty. this chart may suggest that we uld actually see yields fall, which means bonds kiraly. it will be interesting to see how this plays out. david: i appreciate that. yesterday's attack outside parliament left four dead including the assailant. it appears to have been conducted by one individual, leading to questions about the rising threat of global terrorism. joining me now is a former director from policy planning at the state department, now ceo at
1:43 pm
america company. her new book is out now. i want to start with a quote. the grand strategy for the digital age must be ubiquity and power of networks and internalized both opportunities and the threat to strike. this is represented to of the latter part yesterday. >> a great example of how we could have a perfect national security strategy with russia, china, iran, and completely oh lone wolf, inspired by a terrorist network that really run by any state. that is on the threat side, and there are countless network threats, there are global criminals, arms traffickers, people. we have to address those threats as well. you have written about the disintegration of the state. where does the state fit into this network? is the chessboard
1:44 pm
world, and is alive. we could be talking about north korea. that is a classic game of , or thinkate to state about it in chest terms, we do this, they do that, they do something else. i don't want to say states are not important. i'm not saying they -- i am saying they are not enough. on a state to take nonstate actor, also ceos or the heads of civic groups or universities, all of the nonstate actors, i called them web actors. they are part of foreign policy. david: i wonder how widely this has been embraced by the diplomatic community. you write about the former ambassador to the united kingdom. he did embrace this. they were open to embracing people without state. is that going to continue? pushback,getting some but secretary clinton and president obama really had to do network engagements. that does not just mean
1:45 pm
broadcasting how great we are as a matter of public diplomacy. it meant going out and working with groups of entrepreneurs, so tech networks or groups of muslim communities, where you are really engaging in a kind of diplomacy, members of society. then when you have those networks, you can activate them ,ot as kind of, do my bidding but hey, what are you hearing, but also, how can you help? david: how radically different is this from the structural diplomacy from decades ago? >> the chessboard goes back 400 years. it goes back to kissinger, metternich, at kind of thing. it has not changed much, and us and north korea, soviet union, back to england and germany, that part has not changed. i think the chessboard ruler -- world, we don't have our strategies.
1:46 pm
we cannot a, there is a network. we have to have a counter network, and if you think about isil, you al qaeda or look at special operators and create a specific kind of network to fight al qaeda and iraq. i am saying, we need to custom-designed those networks. david: the book is applicable to the diplomatic and corporate sectors. co-author helping with the corporate world. >> he will map the networks in any organization. there are formal hierarchies, formal networks where a lot gets done, then he will look at whether or not those networks do what you need them to do. just as one example, i write about innovation networks. you need some number of people outside your organization, some number inside. they need to be connected and managed in the right way. david: are you seeing any
1:47 pm
indications this administration is embracing the network? rex tillerson talking about north korea, evaluating policy towards the region -- what do you make of that change in posture? is it a change in the direction you are talking about? secretary ofk at state tillerson or president trump, that is a strong return to the chessboard, but mick mattis they would say we cannot survive without creating networks. we need network responses. it may take them a while see that in fact they cannot just turn back the clock. david: it begs the question if we are moving to the network or broadly, can a state were several states be stubborn, going back to the old model of diplomacy, or will they be left behind in doing that? >> north korea is trying, but
1:48 pm
putin has effectively that, we don't want the influences of globalization. we want to protect our culture. that is why many are you the real divide is not between democracy and non-democracy, it is open and closed. you can be to open and have your economy wrecked by forces of globalization you cannot control , but you have to temper that openness. i think states that are more open will triumph over those that do try to close themselves off. david: let me ask you about this new book. when you were at the state department, the world was changing. we are learning more from the private sector, more from the nonstate actors. where is the education of diplomats coming from? >> at is a great question, and i give it force at the foreign services academy, and i would say women and people under 35 got it like that because they understand they are connected, and women find a way to think.
1:49 pm
i would say it is the civic sector that is the most ahead. things like human rights watch, the big global network ngos can get it, but the big corporations with global supply chains have been working on that frontier for some time. david: great to see you. she is the president and ceo at new america. she talks about the chessboard strategy. i want to talk about the daily press briefings. sean spicer at the podium, donald trump has been on the phone with scores of lawmakers. he will continue meetings on health care throughout the day. they were meeting earlier at 11:15 with the freedom caucus. he thanked the freedom caucus members for their willingness to talk, and president trump saying he looks forward to the health care vote tonight. up next, we are from pete sessions when you think the president can get the health
1:50 pm
care bill passed. this is bloomberg. ♪
1:51 pm
1:52 pm
♪ david: this is bloomberg markets, trump's first 100 days. i am david gura. the white house has made its final offer to the freedom caucus on the health care bill. the chief washington correspondent spoke with texas congressman pete sessions about how he anticipates that vote going. >> the vote will be held when we have an understanding and an agreement, and that agreement has not been made. , when we have an agreement, we need to understand .nd explain what we are doing the parties that are a part of that can articulate their agreements. but is a signal to the american people.
1:53 pm
now what is that deal? we need to explain, then go. >> president trump now meeting with members of the republican conference, trying to get a deal. what is the needing to do to get this done? >> we are going to have to negotiate fairly and faithfully with the both of the sides, and i think he has the opportunity to win. i believe he can do that. >> thank you. and procedurally, the vote will be long notice? if the deal comes? on yournswer will be tv, and i am sure people will know what it is. the leaders of both sides will say, we have got a deal. when i am sure we have got a deal, i will call the rules committee p we will come together. they have the same interest tied to it, do we understand what the deal is? when we understand -- >> should devote be delayed? >> i don't know what the deal
1:54 pm
is. i don't have enough information. if it is not complex, we can go right to it. if it is, we need to understand the ramifications. david: a lesson in parliamentary procedure. we have sean spicer saying the free caucus -- many of them are premium increases. the chief washington correspondent joins us now. you are standing care staff garden statuary hall. they are talking to lawmakers as they come through. what are they saying about the likelihood of a vote tonight? -- a: i spoke to a member member of the house freedom caucus. he said in the rayburn building in the house of representatives is where the house of freedom caucus members are holding court, trying to decide they are going to strike a deal with president trump. i spoke to the senior aide to rand paul, who is a political puppeteer in the senate, along with ted cruz, urging folks to
1:55 pm
oppose the deal. i am told from senator paul's office is he is in constant contact with members of the house freedom caucus including following this meeting. what we just heard from white house secretary sean spicer, that president trump himself is calling members of the house and caucus personally to try to win over their votes. they are hearing from prominent members of the senate, they are doing the same thing. aides who support and oppose this plan tell me there is rumblings and could be delayed until tomorrow or even early next week, and if there is not a vote structure night, they would anticipate a health care vote within the next couple of days. david: a lot of your folks are on this, but you are paying attention to the senate side as well. the chairman of the fcc is having his hearing today. how is that going? -- and spokek with
1:56 pm
with a democrat from new jersey. the democrats, along with elizabeth warren, a prominent member of that hearing, are pressing mr. clayton on a number of issues including the financial disclosures, whether -- would recuse himself into investigations in goldman sachs with his wife of being a high-profile executive at the company. and word about how he would exactly regulate and look to investigate some of the concerns. that is simply not there for them to block it. david: our chief washington correspondent. i will have updates throughout the day on bloomberg television. we have an interview with the mexico secretary of foreign relations. i am -- erik system with him.
1:57 pm
1:58 pm
1:59 pm
scarlett: it is 2:00 p.m. in new york. i am scarlet fu. oliver: i am oliver renick. welcome to bloomberg markets.
2:00 pm
scarlet: we are live and bloomberg world headquarters, covering stories out of mexico city, washington, and london. here are the top stories we're covering. the countdown is on on a vote to repeal and replace obamacare is coming down to the wire. the white house is trying to win over holdouts with last-minute changes, while some of congress say the vote could be pushed until tomorrow. mexico's central bank governor speaks to bloomberg. he says the pacer remains undervalued by as much as 10%, even with the recent strengthening of that currency. we will focus on retails. sears shares have been under pressure as the company makes the top focus of winning default on its debt.

29 Views

info Stream Only

Uploaded by TV Archive on