tv Bloomberg Markets Balance of Power Bloomberg April 19, 2018 12:00pm-1:00pm EDT
shery: foreign relations are ultrasound inspections of fan blades when they reach a certain front and center for the trump administration. number of takeoffs and landings. puerto rico's power company says the president saying he will walk out with a meeting and kim it restored the power of more jong-un if it doesn't go well. meanwhile could tensions are once again resurfacing in the than 80 customers by those market. affected by in islandwide we have three senators to react blackout and outage happened when an excavator a transmitter to foreign policy trade taxes and more. line. moree the latest outage, our guests are democrats chris murphy, and republican tim than 44,000 people are still urfacet normal electric s scott. and turkish president catches after hurricane maria. opponents offguard and calls first cap elections. he emerges as the first so power resident and how it could change was policy in the middle east. global news, 24 hours a day, on the air and on tictoc on twitter. powered by more than 2,700 journalists and analysts in more than 120 countries. ♪ i am mark crumpton. this is bloomberg. shery: text day has come and gone, but republicans are eager to keep it on the might of david: foreign relations have orders, making a pitch on the tax overhaul. here to discuss this senator tim dominate headlines for the entire week, ranging from of a, and also covers men missile strikes in syria to
secret meetings with north korea, to the japanese prime unifying." minister's summit in mar-a-lago. here to talk about more is chris murphy, a democrat from we had technical glitches connecticut who sits at the foreign relations committee. of the irs, and when it comes to the competent forms next year, thank you for spending time with us. in the second would be better. there is a debate about how much when will the public start the senate should say or not say. feeling the benefits of the tax but one thing that is clear is package, and when will they you get a say of who gets to be secretary of state, so let's become happier before the talk about mike pompeo. you up as his position, explain midterm elections? >> i think they are already why. happy that they are taking home i oppose mike pompeo because more money since february. power.view of military i think the average single parent household is seeing a 73% drop in their tax burdens from a federal perspective. spin test be somebody the average income is sing a 60% drop in the taxes, the people who truly believes in solving problems through nonmilitary are happier. mechanisms. i worry especially about the there's no question when you look at economic activity there is a lot of attention on the advice pompeo will give to john trade conditions were looking at, and the possibility that bolton, who has an even bigger recognition than pompeo for there will be a trade war. advising solving problems abroad that is conflated into a package
through military means. pompeo is a smart that has a negative impact on some people's perspective of where we are going economically, though they are receiving more money in their take on pay, guy and i think he is serious about restoring the moral at the which is a good thing. shery: you pushed the state department. opportunities program the final it checks on both sides of the ledger in the decision to make, investments into a poorer but i think you need a secretary regions. are those committees feeling the of state who is going to be difference and what are they thinking diplomacy first and not telling you? military action first, sen. scott: i had the good especially with a president who may have it trigger finger. fortune of traveling around and the presidentn talking to get different governors and mayors. they are excited about the program. has given mike pompeo it the last bit like is this diplomatic role in going to north korea to set up the summit. weekend for governor street in the information into treasury. some people in the white house toill be in miami talking and your colleagues are concerned that if there is difficulty in getting pompeo confirmed, may undermine those talks. people in distressed committees and talking about the benefits. there is more excitement and a senator from arkansas had this enthusiasm about opportunities be concernedould in legislation than anticipated. stepis good news, the next that it would setback a block of is having investors looking for a second time at some of the distressed committees and making positive decisions to reinvest my company is nomination. there is any long-term and those committees. i am excited about where we are going. hesitation in his role in the david: you mentioned trade
north korea summit? sen. murphy: that is a ridiculous argument of the involved with different countries. isyou go to south carolina, president was worried about the interruption of negotiations because of a nomination the trade issue confuse the proceeding. he shouldn't have sent mike message to the voter? pompeo. on one hand they are getting i think it is an interesting more money after taxes, on the question of why the director of the cia -- our intelligence other hand you might be taking back some of it in trade disputes. gathering agency -- is doing the particularly in south carolina you have farmers and all the pre-negotiation work for a diplomatic summit? why isn't the state department plants. people do conflict undertaking that work? you a secretary of state can be doing that and other diplomaticg the officials. the people do conflict the issues, but there are 500,000 jobs in south carolina m got some work is being done connected to the $2.3 trillion of exports. there is no way to deny the between trump and the north korean leader, but it is not a current conversation and narrative has a negative impact on one's expectations of what is next. the get news is we have a chance reason to vote for mike pompeo. to dissected and get people back shery: how big of a risk is it on track. that the summit with kim jong-un understanding the benefits of tax reform and looking at the can end in failure and will the president an orthodox approach fallout be? sen. murphy: i am very worried to trade so far -- we seem to be about this. moving in a positive direction overall, even on the trade front. david: time is not this is early you have to see the odds as very
kim summita trump- on your side. do you have hopes to issues can fails. be resolved before the elections these are two combustible in november? uncertainty doesn't help small business. leaders who have no experience when you have the insurance in cutting high-level, business, in certainty is not a good thing -- uncertainty is not diplomatic deals. my worry is the summit goes a good thing. now, there isght badly and one of them walks out, and president trump here's next from john bolton, who tells him a lot of kerfuffle in the economy for business owners. diplomacy has failed and our i get it. only option is a military strike. something that john bolton has is small business advocated for a long time. i think it is a very high-risk owners like the one i used to be -- a 20% cut in your income is a and i hope the reason to continue to steady progress that you are making expectations are reasonable for your decisions from capital what could be accomplished in this first meeting. shery: also called the strikes purchasing, and hiring more employees. on syria in a legal overreach. with folks in the should congress rescind the authorization of military force? pharmaceutical industry in south carolina yesterday, and they sen. murphy: even with the gave a 5% increase to all existing authorization, this is employees with an average income of $70,000. a legal strike. things are moving in the right havetion, and when you the authorization is relative to military action against al
qaeda. this is not a military action headwinds coming from one area against al qaeda, this is it draws your attention from the positive things. against the syrian regime. to answer your question, who will voters think in november? think will matter when we talk we need to look at what we in september and october as it relates to what happens in authorize and we we don't, and november. but foreshadowing the future, we the president is using a scope need a clear and consistent message that the voters understand and appreciate. and the same time, the rhetoric to use regimes that congress has that is negative has to subside no say in. i think it is a counterproductive strike," if we need to get for people focused on the positive aspects of a stronger economy. strategy from the and the pace of assault -- and it will quicken the pace of the gop congressman talking about making those business provisions and individual tax cuts permanent. assault by assad on his people. would you support that? there is an important sen. scott: i surly think there is a positive court to be struck cause additional question of the as it relates to making role congress should play in what looks like war. taxes, aspersonal and there's an international law against use of chemical weapons. opposed to making it eight-year -- make it permanent. if not missile strikes, then the con is the impact on the what? sen. murphy: this is a very deficit. important question, and at the i am a believer that if you look end of this there has to be a
at the tax cuts in the 20's or means of holding a sock the kennedy cuts in the 60's or assadtable -- holding the reagan cuts in the 80's -- the revenue that comes from tax accountable. cuts is actually higher. we have to have a serious conversation about controlling but is a one-day surgical military strike accountability? our spending. long-term tax cuts produce more if an the and it doesn't affect revenue, but if you spend it, his ability to launch future chemical weapons strikes and he does it work? remains in power? david: you have written this verycans have signaled book with a republican harassment from centerline of clearly we're not going to remove assad from power. he is going to win the civil unify."" war. the surgical strike is another way of communicating to assad that he will be able to stay in power, and there are still are you considering writing a second condition with a plenty of power with expertise in logic chemical attacks that democrat? [laughter] friends -- our will do that in the future. i question if this surgical strike is accountability. having meals together and breaking bread, our country does yet the look at other means of accountability, and i would better and we see ourselves as one american family. it allows us to have confidence suggest they you and criminal process. david: you have a bill pending and reform good ability to overcome obstacles and to extend medicare to all americans. challenges we face today. the single parent approach has and there are more coming tomorrow.
been discussed a great deal, i believe in a national security issue for this country is the divisions that we see within the country. backward president obama was putting together his program, a lot of policymakers that that we saw a pressure tried to expose those divisions in the was the best way to go. obama decided politically that 2016 elections. was undoable. we have to be careful not to get people ammunition or fuel to the was he right or wrong, and what fire. thank you for, has changed now? senator sanders has joining us. the single-payer pan. republican senator tim scott ours is different. from south carolina and author unified"w book, " we suggest a medicare option for individuals and businesses to choose side-by-side with private insurance. our idea behind the choose and we have a panel with mike medicare act is to let the bloomberg, and he is the founder market decide whether medicare, and majority owner of bloomberg lp. and in a opening this price to reflect all of it costs, is the better choice. conference, just mounting global or if private insurance is the debt and the prospect of trade better choice. poses risks. i think that is the better way to go than a mandatory you can catch the full event on .loomberg at live single-payer system. i certainly understand why he made the decision he did, and is this is bloomberg.
♪ the reason why i was support this medicare option plan. not necessarily a mandatory, single-payer plan. shery: there are many from the democrats right now, is that because the cap relation is bringing back health care debate before the midterm elections? is that a good thing for the democrats? sen. murphy: i think most of our effort has been spent explaining to the american people what donald trump is doing to the american halter system. he's tried to sabotage it and rip apart these exchanges. we don't want to make the same mistakes republicans made. they criticize the affordable care act without offering a siegel alternative. senator sanders has an alternative, i have an alternative, but we should also have ideas out there for what comes next. shery: will this be a winning
issue in the midterm elections for the democrats? sen. murphy: health care is the number one issue, when i talk to people in connecticut, they are concerned about health care costs. we're talking about it responsibly, and not just criticizing and telling what people should do instead. murphy,entre chris thank you for your time -- senator chris murphy. abigail doolittle is with us with the latest. abigail: we are looking at a pullback or selloff of the major averages. the dow, s&p 500, and nasdaq all noticeably lower and down more than half a percent. the tech heavy nasdaq down the most, and the s&p 500 and nasdaq on pace for the worst day in nearly two weeks, stepping a three day winning streak. not surprising with the nasdaq off the most, tech is behind the
weakness. the big drag is apple. we're going to cad since the shery: this is boomer "markets: 2.5% -- we are going balance of power". david: it is time for the stock to see a decent decline. isthe hour, phillip morris and the company's midpoint for the third quarter cut disappoint going up in smoke after this point cells in the first quarter. -- could disappoint. kitty lines is here with the full story. day foris the worst take a look at the stock down 3.4%, and this semi conductor philip morris, leaving carnage in the wake of tracking consumer driving the entire sector. staples sectors. they mistake in the first quarter. if we hopped into the bloomberg and look at the chart in the s&p 500 easing the gtv function, we they missed on revenue and sales. cigarette shipments were down see that the s&p 500 is below 5.3%. the 100 day moving average, this is not a good corner and it is because people are turning flirting with the 50 day moving away from cigarettes and the demand isn't there. average in pink. we have a way of saying that the iselle marlboro cigarettes s&p 500 may in fact dropback internationally, but in the usec the trend is going off a cliff down towards the bottom of the in the past 50 years.
range, you're the 200 day moving it may be good for people, but average. volatility ahead. not good for tobacco companies. that, thenk you for maybe more volatility ahead. david: always honest when you worst performer in the markets. coming up, turkey's presidents talk about death crosses. and his motivation to speak with coming up next, americans filing u.s. ambassador's. this is bloomberg. ♪ for taxes, and voters saying that tax cuts is a reason to keep them in the majority. we talked and senator tim scott from south carolina next. this is bloomberg. ♪
is washed first racemic with president trump and kim jong-un. robert wood says the pressure has had an important impact in the north's decision to return to the table. he says hereporter, received no instructions about easing the pressure on pyongyang ahead of the summit. in the u.k. is a sign there is a may faces more charges on brexit ♪ is "bloomberg -- thousand lords has wanted to keep part of inspect conduct markets: balance of power." shery: the dow down 6/10 of 1%. we have a mixed bag of earnings. we show do philip morris international. they were doing bad. stocks are in gamble after doing that after missing estimates on earnings. the s&p 500 is looking for the fourth time in four days. financials, the only sector in the green light now. stocks are higher. we have concerns over inflation.
we have treasury responding at the same time. david: mark crumpton is here with bloombergs first word news. mark: a senate committees set to to ben mike pompeo secretary of state. pompeo faces democratic opposition and may not be able to secure a recommendation from the panel. the senate republican leader mitch mcconnell says it may be tough for democrats to block pompeo's nomination after his meeting with kim jong-un. a full senate vote is expected next week. cuba, the communist party is officially chosen mega lds canal to be president after six decades of rule by the castro family. he was born a year after the 1959 revolution. report toill have to raul castro who will remain head of the communist party in cuba. thousands of people marched across to protest president emmanuel macron's labor changes.
in paris, fights broke out between demonstrators and police. others marched peacefully in from the strikes and university admission reforms. up philippines is stepping its battle against the war on drugs. president rodrigo duterte presided over a ceremony today to swear in a new national police chief. throughconfident that this leadership, we can build and create a more peaceful, just, and harmonious society. mark: national police in the philippines saying more than 4000 drug suspects have been killed under president duterte's crackdown. human rights groups say that number may be even higher. global news, 24 hours a day, on air and at tic toc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i mark crumpton. this is bloomberg. -- i'm mark crumpton. this is bloomberg. thank you very mark.
called president erdogan for elections on june 24, a full year earlier than anticipated. turkish markets rallied on that is it we welcome james jeffrey who served as the u.s. ambassador to turkey and iraq as well as senior positions in the white house and state department or he is a village -- visiting fellow at the washington institute for welcome to the program. good to have you. this election is part of an ongoing process of erdogan consolidating his power. it's good for the markets in turkey. is it good for the region? a very goodis question. is stable turkey is important for the region, particularly now because a region is in total turmoil. the selection not only is for a new parliament committee will also be simultaneously the second direct election for a be runninghe will
with his party. he is hoping to consolidate power because after this election, the new constitutional system, which is somewhat between the french and american system of presidential power will enter into effect and will complete his reform of the ,ystem to give him as president almost unlimited power in an otherwise democratic system. david: assuming he wins which seems the likely result, what might it mean for the situation in syria and are dealing with the russians as well as the turks in syria? is he really concerned with what is going on with bashar al-assad or is he more concerned with the kurds as a practical matter? amb. jeffrey: certainly up to the election because some of his allies are extremely anti-kurdish. he has to be concerned about the kurds. the kurds are a tactical and political problem. to strategic problem for her one is the same for israel and the united states. it is iran's advancement through the region, particularly syria.
the assad regime and the enabling of that by russia. that is an existential threat to turkey. it is, turkey, she is with us, and interest and somehow containing this iranian russia assad regime coalition. shery: yet again, we saw those purchases a turkey of russian military systems. much of an opportunity for russia to win over turkey given the fact -- the spat between turkey and the u.s.? amb. jeffrey: that is something we worry about here. is 100% in one camp or the other camp. a think a 19th century terms, rather like putin himself. buy arethe weapons they from office or other western countries but then they buy some weapons from russia. they buy gas from russia. they have a nuclear power plant that is being provided by the russians. keep opengree, they their channels to the russians because the russians are to
their south but also the turks want to emphasize that we can't have that alliance with them cheaply. they have other options. they like to make that point. at the end of the day, turkey is a status quo power, like israel, saudi arabia, and essentially, the united states. iran and russia are not status quo powers. that is the core difference. shery: before the strikes on syria, president trump talked about pulling us out of syria. how reasonable is it for the administration to do that when it comes to ground troops and to keep pressure on the administration by air cover or no-fly zones? amb. jeffrey: the latter is what i've recommended. the groundstroked -- ground troops are associated with an almost never-ending counterinsurgency against the remnants of vices. isis has been basically defeated -- they called themselves a state and an army, there are just pockets of basis troops in of iraq andn parts
syria. we can't get read all of them in easternemaining syria because they are in other parts of syria or iraq. it is a long-term thing. all,ng troops on first of it requires us to have a close relationship with the local kurds who are part of the movement against the turkish government for the last 37 years. secondly, it focuses on nation building which president trump does not want to do. what we need to do is find a way to put pressure on the assad regime and less iran. that requires turkey, which essentially owns the whole northwest of syria, and israel which is operating all over syrian airspace right now. david: we haven't had a good track record on nation building in recent years. if you look at libya, where we had no-fly zones, that did not come out well in the end. why would it work better in syria? amb. jeffrey: libya didn't work out well because we had no idea what we wanted to do there. we had no strategic interests.
we didn't have the russians, we didn't have the iranians. we were playing, let's build a state. having spent three years in iraq on the ground, i know how difficult it is, when a mission impossible that kind of thing is. this is all about coming up with a way to ensure that we do not have a large terrorist presence in syria and we do not have an iranian power projection capability against israel, against turkey, jordan, or other rallies. the long-term effort of how you fix syria is something for the entire international community. fory: thank you so much your insights. ambassador james jeffrey there. breaking news, allergan is said not to bid for shire, according to cnbc. shares spiking on the news around 3.4%. it was not clear before whether allergan has submitted enough. shire shares are
dropping. china has said it has rejected an offer worth about $61 billion from japan's pharmaceutical. now we are hearing that allergan is not in direct competition with them. david: no deal yet, but it feels like shire is in play one way or the other. coming up, it is the don of a new era in cuba, or is it? taking overcanal is for fidel castro, but a changing of the guard is expected to remain for the island nations. that is coming up next. this is bloomberg. ♪ this is bloomberg. ♪
markets: balance of power." i'm david westin. shery: i'm shery ahn. today marks the former will end of an era in cuba. it is national assembly elected make ld is to succeed fidel castro, ending six decades of rule by they castro family. the new president will still have to answer to raul castro who will remain the head of the communist party. christophers sabatini, press -- professor at a university. welcome to the program. where will the successor be able to christopher sabatini, press -- make a diffee consensus is that nothing much would change because raul castro would still be at the top of the communist party? christopher: that's a good question. i don't think much will change. mcgough comes from the belly of the revolution. even though he was born a year been a party opera check all his life, rising through the ranks.
was handpicked by raul castro and fidel castro and has kept a low profile. i wouldn't expect a lot of change. as you said in the lead up, raul castro still the head of the communist party which sets the ideological agenda for the government. i would not accept -- expect a lot of change, except in the area of economy. there is a number of the cuban economy that is sputtering. last year, a group by 4 -- .5%. something will have to be done to attract foreign investment and meet the needs of the people who are becoming more frustrated. shery: how significant is this power transition when cuban-american relations are at such a low point? -- i think it is significant in terms of a generational change. week, who8 this doesn't come from the revolution in the sense that he was born afterwards. he is bringing in a new group of leadership. they castro's are moving on, eventually.
the biological clock will catch up to them. think there is a sense of change there. it will not be immediate. at the same time, the united states has really lowered the numberns with cuba for a of reasons. trump campaign manager hard on this, then he went to miami and has made travel to the island more difficult, he is frozen investment on the island, and of course the same time, we have scaled back u.s. embassy there because of a series of illnesses that afflicted u.s. diplomats on the island. engaged atould be this moment because eventually they will be changing cuba. there has to be changing cuba. if we want to be engaging cuba is present we have to. david: the present was -- eventually is the important word in that sentence. when the soviet union bulldog, we said that is when it will happen. then venezuela collapse. after castro came in, we said it would have economic reform to
why might this be the time it happens or maybe not? christopher: they have run out of client states. i mentioned venezuela is collapsing. venezuela through them a lifeline a few years back. giving them barrels of oil a day. that is drying up. to 40,000s down barrels a day. there are economy is suffering. china and russia are not ready to fill in the void. according to the economist inside cuba, they need between two to $2.5 billion a year. --they have a to current currency system, but only for local goods, and an international currency. bese currencies have to unified if they are going to integrate themselves in the global economy. unifying those currencies will cause a huge amount of disruption, including increased the cost of imports as well as ending their double booking system for businesses.
there has to be economic change whether they want to or not. we have all been hoping for some moment of epiphany and it has not happened. david: the new president calls you over the phone and says, i want to reform. what is the one thing i should start with? what is it? christopher: i think he has to loosen the control of the state over the economy. they have opened up some space for private entrepreneurs. there are over 580,000 small businesses in cuba now. those have been frozen. they are not giving any licenses. that has provided a lifeline for cubans. second of all, they have to unify the currency. be able to open the international markets of those private entrepreneurs can get access to wholesale goods as they need. shery: go ahead. christopher: lastly, what they have to do is one of the reasons they are not getting international investment is everything has to go to the top. every decision about investment has to be made from the top down, going all the way to the president. shery: tell us a little bit about diaz esca now.
it seems the world does not know this figure very well. we know he is a communist party loyalist. that is pretty much it. what do we know about this particular person? christopher: very little. what we know in part is sort of what the party and the government has let us know. he likes the beatles and rolling stones. beyond having good musical taste, i don't know what that means about him. that is the music of the era of the revolution. he used to ride his bike to work. so he is supposedly very modest. any uses an ipad. he is a modern figure. he's married. very low profile. he was the liaison between the cuban government and the government in nicaragua. he is a party loyalist. coronation.his is a this was not an election as i tried to portray it. he is a party guy. he is a raul castro guy. and one who has kept a low profile. two of his predecessors who were
picked to replace the casters burned out and got too big for their britches and got marginalized. he is not one of them. lowy: it is probably that profile that helped him. thank you so much. at columbia university's school of international public affairs. coming up, senator heidi heitkamp, the north dakota democrat, talks tariffs on whether president is trying to make her a republican. this is bloomberg. ♪ this is bloomberg. ♪
♪ david: this is "bloomberg markets: balance of power." i'm david westin. shery: i'm shery ahn. a quick check of the major averages. we are coming off this sessions lows. we are seeing all major indices in the red. the s&p 500 slipping for the first time in four days. the nasdaq down 8/10 of 1% or tech shares slumping after
semiconductors disappointing -- disappointing forecast. david: trait skirmishes between the united states and china could play a role in the upcoming midterm elections. ouri heitkamp spoke with colleague, kevin cirilli about the importance of the export, import bank when it comes to trade and her relationship with president trump. kevin: you are one of the few democrats who engages one-on-one with president trump. he recruited you for the republican party, and tell me that story. as this happened. sen. heitkamp: as i told a reporter, you're talking about issues like overregulation and trade. he said, is unlike a republican. so join the republican party. sen. heitkamp: your response -- kevin: your response? sen. heitkamp: my response was give me the bank.
he has a wonderful sense of humor. kevin: would you join the republican party if you gave you the xm bank? sen. heitkamp: that is an unfair question. [laughter] sen. heitkamp: i want the xm bank because i think it is important to manufacture in my state. it is important to workers. i continually go back to those 250 thousand jobs. the latest job report you saw, some trending downward, we don't know if that will be a glitch or if we will see seasonable adjustments to we do not know what will happen. are you look at where we right now, if we are going to grow as an economy, if we are going to reach the growth potential i know we can, we will only do it if we are exporting. -- just movingd money around, that is not wealth creation. that is not bringing new wealth. --ht now, ironically, 17 2017 was the worst trade deficit year we had with china.
i'm not somebody who spends a lot of time on trade deficits. i think it is important to pay attention and watch. our trade deficit in comparison with the overall amount of our economy is a question, or is a factoid, that we need to focus on and we are looking at trade deficits. havee have got, as we focused on trying to harmonize our tax policy, we have got to have the institution of the sm bank up and running to be competitive, not just with china, but with france, with allda, with mexico, with the other 82 countries that have a credit agency like this. it has not cost the taxpayers a dime. it has paid dividends to the taxpayers. there is no right or logic. [applause] sen. heitkamp: there is no economic logic. the only impediment is ideology. ideology frustrates me when it
comes in the face of that persistent, nagging problem called fax. kevin: people, like senator sanders, senator elizabeth heavilythey criticized the democrats who supported that banking bill. and they used a lot of tough rhetoric, saying you are supporting big banks and whatnot. is that problematic to the democratic party, especially in a midterm year? sen. heitkamp: you know what, when we expect political parties to walk and talk, we get the gridlock we have right now. -- peoplef dialogue are entitled to their opinion. i'm entitled to my opinion. 60is my job to persuade members of congress that i'm right and they are wrong. and that is what we did. thee, it is all about process. i don't criticize anyone for
what they are thinking or where they are headed with any of this. what i do do is i do tried and correct the record to make the case, do my advocacy, and many times, when you do that, for me it was opening up oil exports to the production we do in the lower 48 to exportation, whether it is looking at carbon capture, which would benefit not only coal companies but other industrial facilities, but also create technology that is going to lead to reducing carbon emissions in this country, whether it is looking at a bank regulatory bill that can balance the interest of small and keep the regulation of the farc -- largest institution in top, that is all win-win. when we lead with facts, and we lead with advocacy, on those facts, you can win still in washington. so i turn out the noise that criticizes on either side and say, i'm going to keep walking through that because i have a
goal to do. if the goal is policy -- the goal is policy, it's not political debate. the goal is to get a policy that will move the country forward. that is how i feel about the xm bank. there is no good reason not to get a quorum. there no good reason not to authorize and continue this export finance agency. bank. there is no good reason notwheno unravel our export finance agency, i will be first in line saying the time has come to unravel the xm bank. david: that was north dakota senator heidi heitkamp who is still is a democrat. is still a democrat. she was speaking with kevin cirilli. sign up for the balance of power newsletter at bloomberg politics.com or at bloomberg.com/politics. get the latest on global policies in your inbox every day. shery: coming up, commodities edge with alix steel. , they will be ceo talking natural gas.
underperformed the prices. $3000 aluminum. big banks increase their price target as u.s. sanctions on russia continue to fight to the supply or the godfather of lng. exports are huge investment opportunity but do investors need to opt for a new unproven business model to find upside? whot down with charif souki sees a new way to woo investors. ♪ alix: