Who Has the Upper Hand on the Economy (Stupid)? (With All Due Respect – 08/08/16)

MARK: "WITH ALL DUE RESPECT" TO DONALD TRUMP, THERE IS A NEW HAT IN TOWN ON OUR SHOW TONIGHT, DONNY EXCLAMATION POINT, THE DONALD AND DETROIT

ANOTHER WEEK TO KICK OFF WITH ANOTHER NEW NATIONAL POLL SHOWING DONALD TRUMP WELL BEHIND HILLARY CLINTON CLINTON LEADS 46-34% IN A NEW MONMOUTH UNIVERSITY SURVEY, THE LATEST AFTERSHOCK AND EVEN TEAM TRUMP, ONE OF THE WORST STRETCHES OF HIS CAMPAIGN TO DATE IT'S ALSO WHY THERE WAS AN ECONOMIC SPEECH TODAY IN THE GO TO LOW-CAL FOR ECONOMIC SPEECHES IN MOTOR CITY USA

DURING ANDREAS HOSTED BY THE FABLED DETROIT ECONOMIC CLUB, — RAMED THE IDEAS THAT HIS IT'S A LED WEIGHT ON THE AMERICAN ECONOMY DONALD TRUMP: THE CITY OF DETROIT IS WHERE OUR STORY BEGINS EVERY POLICY THAT HAS FAILED OUR CITY AND SO MANY OTHERS IS A POLICY SUPPORTED BY HILLARY CLINTON SHE IS THE CANDIDATE OF THE PAST OURS IS THE CAMPAIGN OF THE FUTURE

AMERICAN WORKERS HAVE PAID TAXES THEIR WHOLE LIVES AND THEY SHOULD NOT BE TAXED AGAIN AT DEATH IT'S JUST PLAIN WRONG AND MOST PEOPLE AGREE WITH THAT WE'RE REDUCING NEW TAXES FROM 35% TO 15% AM GOING TO CUT REGULATIONS MASSIVELY A TRUMP ADMINISTRATION WILL END THIS WAR ON THE AMERICAN WORKER AND UNLEASH AN ENERGY REVOLUTION THAT WILL BRING VAST NEW WEALTH TO OUR COUNTRY

WE WILL MAKE AMERICA GROW AGAIN MARK: SO AMONG TRUMP SMALL GOVERNMENT PROPOSALS INCLUDE A TEMPORARY MORATORIUM ON FINANCIAL REGULATIONS, LOWERING THE BUSINESS TAX RATE FROM 35 TO 15%, THE A SIMPLIFICATION GOING FROM SEVEN BRACKETS TO THREE AND AN APPEAL OF THE SO-CALLED DEBT OR ESTATE TAX TRUTH ALSO ARGUED AGAINST ENVIRONMENTAL REGULATIONS DONNY, WAS TRUMP'S SPEECH TODAY GOOD POLICY OR GOOD POLITICS FOR WHAT WE CURRENTLY STAND? DONNY: FRAME THE ECONOMY IN THE ELECTION THE FAMOUS POSTERS, THE ECONOMY IS STUPID IN A SITUATION IN 1992, THE ECONOMY IS COMPLETELY TANKING OR IN 2000 WHEN IT'S TANKING, IT IS ECONOMY STUPID

IN THIS CASE, THERE ARE VERY BLURRY MIXED SIGNALS ON THE ONE HAND GDP NUMBERS 1%, JOBS NUMBERS, GREAT JOBS NUMBERS AND A 4

9% UNEMPLOYMENT RATE 54% SAY THEY'RE OPTIMISTIC ABOUT THE FUTURE WITH BOTH CANDIDATES, IT'S EASY TO SPIN THE ECONOMY DIFFICULT WAYS AS FAR AS WHAT TRUMP DID TODAY, I ACTUALLY THINK HE PLAYED INTO HILLARY'S HAND YOU TAKE THE ESTATE TAX FOR RICH PEOPLE, THE 35 DOWN TO 15, WHICH HE WILL SPIN IS GOING TO CREATE MORE JOBS AND HILLARY CAN SAY, LOOK, HE IS IN BED WITH BIG BUSINESS

THAT'S ALL HE CARES ABOUT AND EVEN AS WE GET INTO SOME OF THE OTHER EXTENSIONS, THE CHILD CARE THING ACTUALLY BENEFITS UPPER MIDDLE CLASS PEOPLE AND THE BIG ONE TO ME, ALL HE HAS BEEN TALKING ABOUT IS HILLARY AND WALL STREET IN BED TOGETHER WHAT DOES HE IS A, I'M GOING TO PUT A MORATORIUM ON ANY REGULATIONS AND IMPLIED IS FINANCIAL REGULATIONS IF I'M HILLARY AND TALK ABOUT TRUMP NONICS, I THINK SHE IS AN EASY POSITION TO DEFEND THE DIRECTION WE ARE GOING IN AND DEFEND A LOT OF THINGS SHE IS DOING MARK: NO QUESTION, HE OPENED A LOT OF DOORS

REPUBLICANS HAVE BEEN OPENING THE DOORS FOR DEMOCRATS SINCE PRESIDENT REAGAN AND DEMOCRATS DON'T ALWAYS WIN THAT FIGHT IT TAKES AN ARTICULATE DEMOCRAT TO WIN THEM SHE HAS NOT BEEN THE BEST ARGUER HE SOUNDED IN SOME WAYS — WE'LL TALK ABOUT HOW HE IS NOT AN ORTHODOX REPUBLICAN, HE SOUNDS LIKE AN ORTHODOX REPUBLICAN AND HE NEEDS THAT HE NEEDS A HIGHER PERCENTAGE OF THE REPUBLICAN PARTY TO SUPPORT HIM AND HE ALSO PRESENTED HIMSELF AS A GUY WITH SOME SENSE OF THE UNIFIED RENOVATION OF THE ECONOMY

PLENTY OF HOLES IN IT, PLENTY OF THE DEMOCRATS TO SHOOT AT, MORE THAN HE HAS IN THIS CAMPAIGN SINCE THE GENERAL ELECTION STARTED AT LEAST, HE SAID HERE IS A COHERENT SET OF IDEAS THAT HE HOPES REPUBLICANS AND OTHERS CAN GET ONBOARD WITH DONNY: THE ELECTION ARE WE MORE FEARFUL ABOUT THE TEMPMENT OF TRUMP AND CHANGE AND I THINK THE ECONOMY WILL BE A WASH EACH ONE OF THEM ARE EQUAL IN THE POLLS MARK: HE NEEDS TO BE AHEAD ON THE ECONOMY IT HAS TO BE A STRONG ISSUE FOR HIM

HER RECORD, SHE HAS MOVED LARGELY TO THE LEFT IN THIS CAM PAIN THERE IS AN OPENING I DON'T THINK HE SEESED IT TODAY HE HAS TO DO A LOT MORE ON THIS ISSUE BUT BETTER THAN HE HAS DONE ON THE ECONOMY DONNY: DONALD TRUMP'S ECONOMIC SPEECH TODAY DIDN'T ALWAYS TOE THE REPUBLICAN LINE

THE GOP NOMINEE PROPOSED THAT FAMILY SHOULD BE ABLE TO DEDUCT CHILD CARE FROM THEIR TAXES AND HE CONTINUES TO PULL HILLARY CLINTON TO THE LEFT ON INFRASTRUCTURE SPENDING, POLICY AND CLOSING LOOPHOLES ON WALL STREET THE CLINTON CAMPAIGN PUT OUT A PREBUTTAL PRESS RELEASE, IT COULD CAUSE RECESSION AND CLAIM MORE AMERICAN JOBS

SECRETARY CLINTON: WE'LL GIVE SUPER BIG TAX BREAKS TO LARGE CORPORATIONS AND THE REALLY WEALTHY, JUST LIKE HIM AND THE GUYS WHO WROTE THE SPEECH, RIGHT? WANTS TO BASICALLY JUST REPACKAGE TRICKLE-DOWN ECONOMICS I GOT TO TELL YOU, PEOPLE, THIS IS GOING TO BE A VERY IMPORTANT NEXT THREE MONTHS WE GOT WORK TO DO AND DON'T BE FOOLED THERE IS NO OTHER DONALD TRUMP HAT YOU SEE IS WHAT YOU GET

DONNY: MARK, HOW VULNERABLE IS SHE ON THE ECONOMY AND HOW MUCH IS HIM MOVING SOME OF THE ISSUES TO THE LEFT DOES SHE START TO GET FLAGGED IN? MARK: THE CHILD CARE THING MIGHT SOUND GOOD, THE CLINTON CAMPAIGN SAYS IT BENEFITS WEALTHIER PEOPLE SOME PEOPLE AT LEAST DON'T LIKE THE WAY THINGS ARE GOING AND HE HAS GOT A MORE POPULIST CHANGE ORIENTED STANCE ON THE ECONOMY EVEN THOUGH A LOT OF THINGS HE IS ARGUING BEFORE IS JUST AS MUCH STATUS QUO AS WHAT SHE IS FOR AND THEY'RE TIRED REPUBLICAN IDEAS AND SHE HAS TIRED DEMOCRATIC IDEAS, SHE IS VULNERABLE TO SOMEONE WHO SAYS I HAVE A SENSE OF WHAT WORKING CLASS PEOPLE NEED IT'S MORE THE ATMOSPHERICS THAN THE PROPOSALS BY ADDING DENSE REPUBLICAN ORTHODOXY, HE IS DOING SOMETHING THAT SUGGESTS CHANGE

I ASK ALL OF THE CLINTON PEOPLE, TELL ME AN AREA, ONE POSITION SHE HAS THAT IS AGAINST DEMOCRATIC PARTY ORTHODOXY HAS, THEY CAN'T NAME ONE DONNY: ALL BECAUSE SHE GOT PULLED TO THE LEFT, A GUY NAMED BERNIE SANDERS MARK: YOU WIN IN THE CENTER DONNY: YOU WIN BY LAYING AS LOW AS YOU CAN AND YOU DON'T WANT THE GUY WITH THE NUCLEAR CODE I SAY IT'S NOT GOING TO MATTER

IT'S A REFERENDUM ON HIS TEMPMENT MARK: NOTHING TO DO WITH BETTER IDEAS ON THE ECONOMY? DONNY: WE CAN GET 10 ECONOMISTS TO ARGUE BOTH THE SIMPLE ELECTION, BILL CLINTON HAD A SIMPLE MESSAGE I TAX PEOPLE WHO MAKE OVER $200,000 A YEAR AND UNIVERSAL HEALTH CARE IT WAS SIMPLE TO WEIGH THESE THINGS

GO TO THE AVERAGE PERSON, COMPANIES, THE TAX RATE GOES FROM 35 TO 15, YOU'RE THE AVERAGE JOE, I DON'T KNOW IF THEY CAN DISSEMINATE WHAT THAT MEANS MY POINT IS THERE IS BLURRY ENOUGH NEWS IN GENERAL, YOU CAN PICK THEM APART ON BOTH SIDES, IT COMES BACK TO THE TEMPMENT ISSUE MARK: THE POPULIST STUFF, HE GIVES THEM A CHANCE TO MOVE AHEAD ON THE ECONOMY HE GIVES THEM A CHANCE THE TONE AND SUBSTANCE OF WHAT TRUMP SAID TODAY WAS THE LATEST SIGNAL THAT HE IS CLEARLY TRIED TO MEND RELATIONS WITH HIS PARTY LEADERS AND QUELL DOUBTS AND ANXIETIES ON THE PART OF DIFFERENT PARTIES' DONORS

HE ALIGNED HIMSELF WITH THE HOUSE REPUBLICAN ON THEIR TAX PLAN JUST DAYS AFTER HE FINALLY CAME AROUND TO ENDORSING PAUL RYAN, THE SPEAKER OF THE HOUSE AND RYAN'S PRIMARY WHICH IS TOMORROW IN AN INTERVIEW WITH THE "WASHINGTON POST," THE SPEAKER STILL EXPRESSED SOME CONCERNS THIS YEAR, THOUGH HE WAS UNWILLING TO FRAME HIS POLICY AGENDA AS A WAY TO DETACH PRESIDENTIAL CANDIDATES FROM THEIR NOMINEE HE SEEMED TO AVOID ESCALATING HIS FEUD WITH TRUMP TRUMP HAS BEEN ON SCRIPT FOR 72 HOURS HOW IS THE UNITY PROJECT WHICH HIS CAMPAIGN DOES CARE ABOUT GOING? DONNY: INTERESTING ON SCRIPT

DOESN'T HE LOOK SO UNCOMFORTABLE ON SCRIPT HE WANTS TO RIP UP THAT SCRIPT IT'S NOT WHERE HE EXCELS LOOK, THEY ARE NECESSARY BEDFELLOWS WE CAN TALK, AT SOME POINT THEY BAIL OUT THE DOWN TICKET, YOU WANT A CHECK AND BALANCE ON THE CONGRESS AND THE SENATE AGAINST THIS DEMOCRATIC PRESIDENT, 80% OF ALL TOSS-UP SENATE ELECTIONS IN THE LAST 12 YEARS HAVE GONE TO THE PRESIDENTIAL WINNER

SO THESE SENATORS ACROSS THE BOARD, CONGRESSIONAL ISSUES ARE DIFFERENT, THEY'RE GOING TO MAKE, IT'S MOVING THAT DIRECTION AS YOU SAID, TYPICAL REPUBLICAN PLATFORMS AS FAR AS THE ECONOMY, A LITTLE BIT OF A BRIDGE TOWARDS RYAN ISSUES, IT'S FINE WE ALL KNOW AT ANY MOMENT IT CAN BLOW MARK: I THINK IN THE END, IF HE IS DOING POORLY AFTER THE FIRST DEBATE, YOU MAY SEE MORE SEPARATION TODAY WAS A BIG STEP WEEKS AGO AS PAUL RYAN STARTED UNVEILING ALL OF THESE POLICY PROPOSALS, THIS IS IDEAL FOR TRUMP

HE HAS NO POLICY PROPOSALS, HE BARELY HAS A TEAM HE HAS ONE NOW WHY NOT ADOPT THE HOUSE REPUBLICAN PROPOSALS, RUN A UNITY TICKET DID IT TODAY ON TAXES I WOULDN'T BE SURPRISED IF HE DOES IT ON SOME OF THE OTHER ISSUES LIKE REGULATION, EVEN LIKE PENAL REFORM AND WELFARE REFORM WHERE TRUMP I THINK CAN BE PERFECTLY WILLING TO ACCOMMODATE HIMSELF TO WHAT RYAN WANTS

DONNY: WHEN HE PUT HIS HYPOTHETICAL SUPREME COURT NOMINEES OUT THERE ON THE GRANULAR STUFF HE'LL DO THE MEAT AND POTATOES REPUBLICAN STUFF, WE HAVE SEEN IT ALL RIGHT MARK: COMING UP, THE ANTI-CLINTON VERSUS ANTI-TRUMP BOOK PUBLISHING WAR AND LATER, TWO REPUBLICAN STRATEGISTS APPEAR HERE TOGETHER FOR THE FIRST TIME ON TELEVISION YOU WON'T WANT TO MISS THAT WE'LL EXPLAIN WHY IT MATTERS TO YOUR TRAFFIC AND WEATHER RIGHT AFTER THIS

♪ MARK: YOU HAVE BEEN WATCHING FOX NEWS LATELY OR LISTENING TO TALK RADIO, YOU MAY HAVE PICKED UP ON SOME REPEATING THEMES WHEN IT COMES TO COVERAGE OF TRUMP AND CLINTON ONE IS THAT THE POLLING SHOWING TRUMP BEHIND CAN'T POSSIBLY BE RIGHT ANOTHER IS THAT THE MEDIA IS GENERALLY BIASED AGAINST TRUMP AND FINAL, A REMINDER THAT TRUMP CONTINUES TO DRAW VERY BIG CROWDS HERE IS WHAT ALL THAT SOUNDS AND LOOKS LIKE >> HERE IS THE LEFT WING MEDIA DOING THE BIDDING OF HILLARY, SORT OF LIKE AN EXTENSION OF HER PRESS OFFICE TRYING TO SAY, OH, DONALD TRUMP, AN INTERVENTION IS NEEDED

>> YOU LOOK AT THE MEDIA BUY AS AND YOU LOOK AT THE REPUBLICAN VERSUS THE DEMOCRATIC CONVENTIONS, THE NETWORKS GAVE THE REPUBLICAN CONVENTION 12 TIMES MORE NEGATIVE COVERAGE THAN THE DEMOCRATIC CONVENTION, COINCIDENCE? >> THE MAINSTREAM LIBERAL MEDIA REFUSING TO ACKNOWLEDGE THE LARGE MASSIVE CROWDS THAT DONALD TRUMP DRAWS TO HIS RALLIES AND THE RELATIVELY MODEST CROWDS THAT HILLARY CLINTON DRAWS THESE ARE CROWDS YOU TYPICALLY DON'T SEE UNTIL OCTOBER AND YOU'RE SEEING THEM HERE NOW AT THE BEGINNING OF AUGUST >> TO SEE HIS RALLIES AND THEY'RE BIG AND HE IS SLIPPING IN THE POLLS, I'M NOT SO SURE HOW ACCURATE THESE POLLS ARE >> IT'S NO SECRET DONALD TRUMP HAS BEEN FLIPPING IN THE POLLS THIS PAST WEEK, ARE THE MEDIA MAKING TOO MUCH OF THAT? IS THE PRESS GOING TOO FAR IN SAYING IN AUGUST DONALD TRUMP IS IN REAL TROUBLE? >> ABSOLUTELY MARK: SO, DONNY, THEY'RE TALKING MORE ABOUT POLLS AND MEDIA BUY AS AND CROWD SIZE THAN THEY ARE ABOUT TRUMP'S MESSAGE, VERY SIMILAR TO THE 2012 CAMPAIGN FOR MITT ROMNEY AND HIS SUPPORTERS

IS THIS KIND OF STUFF PREACHING TO THE FAITHFUL, IS IT HELPFUL OR HURTFUL? DONNY: IT'S PREACHING TO THEIR AUDIENCE WHICH LOVES CONSPIRACY THEORIES THEY'RE TALKING TO THEIR AUDIENCE WHAT THEY'RE SAYING IS SO IGNORANT AND STUPID, STUPID FOR THE CANDIDATE AND STUPID ACTUALLY FACTUALLY BELIEVE IT OR NOT, STATISTICALLY THERE ARE MORE NEGATIVE MENTIONS OF HILLARY CLINTON VERSUS DONALD TRUMP IN THE MEDIA MARK: WHAT STATISTIC IS THAT? DONNY: TOMORROW'S SHOW, I'LL BRING YOU THAT DOCUMENT

MAYBE THERE WERE MORE NEGATIVE MENTIONS AT THE REPUBLICAN CONVENTION BECAUSE IT WAS HORRIBLE DEPRESSING, IT WAS A LYNCH MOB MARK: THE GENERAL IDEA A GOOD IDEA? DONNY: YOU PAINT HIM AS A LOSER ALREADY YOU'RE BASICALLY SAYING YOU'RE ALREADY GIVING EXCUSES, ALL RIGHT TEEING IT UP THAT HE IS LOSING IT'S GOOD TV FOR THEIR AUDIENCE, BAD POLITICS MARK: THEY'RE WASTING TIME NOT TALKING ABOUT HIS MESSAGE

YES, IT REFS UP THE BASE A LITTLE BIT I THINK IT IS SO DILUTED AND SO UNSCIENTIFIC AND SO UNRIGOROUS, SO OFF THE POINT OF NEEDING A COMEBACK TRUMP NEEDS A COMEBACK HE NEEDS A COMEBACK IF HE IS GOING TO WIN, HE NEEDS TO COME BACK

THEY'RE OUT THERE SAYING THE POLLS ARE WRONG BECAUSE HIS CROWDS ARE BIGGER? BY THE WAY, FOX'S OWN POLL WHICH THEY BARELY MENTIONED SINCE THE DAY IT CAME OUT HAS HIM 10 BEHIND DONNY: A POLL WHICH IS REPRESENTATIVE OF HUNDREDS OF MILLIONS OF AMERICANS VERSUS 10,000 PEOPLE ARE COMING OUT, THE POLLS MUST BE WRONG, THAT IS IGNORANCE ONE HAS NOTHING TO DO WITH THE OTHER MARK: ROMNEY THOUGHT HE WAS GOING TO WIN AND IT'S DEATH TO THEM IT IS LIKE A PARALLEL UNIVERSE IN WHICH TRUMP IS GOING TO WIN AND THE REAL UNIVERSE HAPPENS

DONNY: IF YOU THINK ABOUT IF YOU'RE FOX AND YOU'RE TALKING TO THE AUDIENCE, WHAT ELSE DO YOU SAY AT THIS POINT? MARK: MESSAGE DONNY: UP UNTIL TODAY WHAT WAS THERE TO TALK ABOUT THE TOP THREE NONFICTION BOATS, SEE TO MY POINT, ALL ABOUT HILLARY CLINTON, NOT ONE OF THEM IS POSITIVE THE NUMBER OF ANTI-TRUMP BOOKS THAT HAVE CRACKED THE TOP 20 IN THE PAST FEW WEEKS, MARK, IS ZERO, INTERESTING MARK, WHEN IT COMES TO PUBLISHING INDUSTRY, WHY IS THIS COUNTERINTUITIVE IN CERTAIN WAYS, WHY ARE CLINTON BASHING BOOKS OUT THERE VERSUS ZERO TRUMP? MARK: THERE ARE SOME COMING THAT MAY CATCH ON

NUMBER ONE, CONSERVATIVES BUY MORE BOOKS, THEY DOMINATE THE BEST SELLER LISTS GENERALLY TWO, WE HAVE A DEMOCRAT IN THE WHITE HOUSE STILL TO HAVE THREE ANTI-CLINTON BOOKS ATOP THE BEST SELLER LIST, INCREDIBLE DISPARITY DONNY: THE MAIN ONE IS CONSERVATIVES BUY MORE BOOKS LIKE THEY LISTEN TO MORE TALK RADIO HE IS A PRIVATE CITIZEN

THE MOSTLY CONTINUINGOUS PERSON IN THE UNITED STATES I THINK ANY PUBLISHER IS AFRAID — IT'S DIFFERENT TO WRITE ABOUT HILLARY CLINTON IN PUBLIC OFFICE MARK: I'M SURPRISED THERE ISN'T A COMEDY BOOK THAT THEY COULD GET SUED FOR I'M TALKING LIKE A QUOTES, YOU KNOW, TRUMP QUOTES, WHATEVER

DONNY: THAT'S NOT THE KIND OF BOOK THAT SELLS MARK: WHY DO CONSERVATIVES BUY MORE BOOKS, THEY'RE ALIENATED BY THE LIBERAL MEDIA? DON'T YOUR LIBERAL FRIENDS READ BOOKS? DONNY: THEY READ TWEETS MARK: THERE IS SO MUCH MEDIA ABOUT HILLARY THAT IS NOT BOOKS IN THE OLD DAYS, THEY MIGHT TURN TO BOOKS NOW THERE IS PLENTY OF LIBERAL AND CONSERVATIVE STUFF

DONNY: OTHER THAN THE LITIGIOUS THING MARK: WHEN WE COME BACK, WE'RE GOING TO BREAK DOWN MORE OF DONALD TRUMP'S ECON SPEECH THAT HE GAVE IN DETROIT TODAY AFTER THESE WORDS FROM OUR SPONSORS ♪ MARK: BREAKING NEWS, A LOT OF HATE ON TWITTER AS DONALD TRUMP SET OUT TO TODAY HE COULD LOOK MORE PRESIDENTIAL, ONE OF THE MOST INTERESTING THINGS ABOUT HIS ECONOMIC SPEECH SOME DETROIT IS NOT JUST WHAT HE SAID, WHAT HE DIDN'T SAY ESPECIALLY WHEN HE WAS FREQUENTLY INTERRUPTED BY HECKLERS WE COUNTED AT LEAST 13 NSTANCES, TAKE A LOOK

DONALD TRUMP: ALL VERY WELL PLANNED OUT I WILL SAY THE BERNIE SANDERS PEOPLE HAD FAR MORE ENERGY AND SPIRIT, I WILL SAY THAT MARK: SO, DONNY, WE ALREADY TALKED ABOUT THE FACT THAT YOU BELIEVE MORE STRONGLY THAN I DO THAT HE IS NOT GOOD ON PREPARED TEXT HE HAS TO DO IT HE SHOWED SOME RESTRAINT THERE

OVERLY HOW DO YOU THINK HE DID IN TERMS OF PERFORMANCE TODAY? DONNY: IT'S NOT HIM AS A GUY, I KNOW HIM PERSONALLY AS A GUY THAT SPEAKS LIKE HE DOES, WHEN I HAVE TO GIVE A WRITTEN SPEECH, I'M JUST NOT COMFORTABLE MARK: HE IS GETTING BETTER DONNY: HE IS DAMNED IF HE DOES AND DAMNED IF HE DOESN'T

THE THING THAT GOT HIM HERE IS THE TRUMP AND THE GUY GOING BACK AT THE HECKLERS THAT WILL NOT WORK IN THE GENERAL ELECTION HAVING SAID, THAT YOU CAN'T NEUTER THE GUY OUT THERE IF I WAS ADVISING HIM, I LIKE ONE OF THE COMMENTS ABOUT SANDERS, HAVE SOME FUN WITH IT DON'T SAY TAKE HIM OUT AND BEAT HIM UP

JUST TO STAND THERE, THAT'S NOT HIM YOU CAN ADDRESS THE HECKLERS AND HAVE SOME FUN WITH IT, JUST DON'T BE DARK ABOUT IT MARK: THE THREE THINGS YOU HAVE SEEN IT IN PERSON WHICH HE DOESN'T SHOW ENOUGH, HE COULD HAVE SHOWN IT TODAY MORE AND IN GENERAL, GRACIOUS, FUNNY, AND KNOWING THE HECKLERS GIVE YOU A PERFECT OPPORTUNITY TO DO ALL THREE THINGS DONNY: AND PLAY THE VICTIM CARD AND HAVE FUN WITH IT

WHEN HE DID SPEAK, TRUMP HAMMERED AWAY AT A MESSAGE WE EXPECT CALLING HIMSELF THE CHANGE CANDIDATE AND CASTING HILLARY CLINTON AS A TIRED POLITICIAN OF THE PAST DONALD TRUMP: THE OTHER PARTY HAS REACHED BACKWARDS INTO THE PAST TO CHOOSE A NOMINEE FROM YESTERDAY WHO OFFERS ONLY THE RHETORIC OF YESTERDAY AND THE POLICIES OF YESTERDAY THERE WILL BE NO CHANGE UNDER HILLARY CLINTON, ONLY FOUR MORE YEARS OF WEAKNESS AND PRESIDENT OBAMA WE ARE GOING TO LOOK BOLDLY INTO THE FUTURE WE WILL BUILD THE NEXT GENERATION OF ROADS, BRIDGES, RAILWAYS, TUNNELS, SEA PORTS AND AIRPORTS

WE ARE RELIANT ON PEOPLE THAT RIG THIS SYSTEM IN THE PAST WE CAN'T FIX IT IF WE'RE GOING TO RELY ON THOSE PEOPLE AGAIN ONLY BY CHANGING TO NEW LEADERSHIP AND NEW SOLUTIONS WILL WE GET NEW AND GREAT RESULTS DONNY: MARK, WE HAVE SEEN ELECTIONS OPEN AND CHANGE, AN EASY ONE NOT AS EASY WHEN YOU GOT THE PRESIDENT COMING OUT WITH A 52% APPROVAL RATING

THE AMBIGUITY OF HOW GOOD OR BAD THINGS ARE MARK: NO DOUBT THAT THE RECENT STATISTICS OBAMA'S APPROVAL RATING AND SOME OF THE ECONOMIC STATISTICS MAKE THE ARGUMENT, WE NEED CHANGE IF IT'S RISKY CHANGE A LOT TOUGHER IT'S COMPOUNDED BY THE FACT THAT THE CLINTON FOLKS MAIN MESSAGE IS TRUMP IS RISKY, HE IS NO GOOD HE CAN'T BE PRESIDENT HE HAS A TALL ORDER

HE HAS TO FIND A WAY TO CONVINCE PEOPLE I THINK THAT HE IS READY TO BRING ABOUT CHANGE THAT THEY WILL BE HAPPY ABOUT THAT'S HARD RIGHT NOW DONNY: YOU KNOW BETTER THAN ANYONE, THE ELECTION IS DECIDED DECIDED BY SUBURBAN MARRIED WOMEN WHO ARE RISK AVERSE AND HILLARY WILL POUND THAT MARK: A LOT DON'T LIKE HER, THOUGH TRUMP TALKED A LOT ABOUT THE ECONOMY UNDER THE OBAMA ADMINISTRATION FRAMING DEMOCRATIC POLICIES AS A REASON FOR ALL OF THE COUNTRY'S CURRENT WOES

DONALD TRUMP: THE OBAMA CLINTON AGENDA OF TAX, SPEND, AND REGULATE HAS CREATED A SILENT NATION OF JOBLESS AMERICANS THIS IS A CITY CONTROLLED BY DEMOCRATIC POLITICIANS AT EVERY LEVEL AND UNLESS WE CHANGE POLICIES, WE WILL NOT CHANGE RESULTS HOME OWNERSHIP IS AT ITS LOWEST RATE IN 51 YEARS, NEARLY 12 MILLION PEOPLE HAVE BEEN ADDED TO THE FOOD STAMP AND THESE PEOPLE ARE GROWING AND IT'S GROWING SO RAPIDLY SINCE PRESIDENT OBAMA TOOK OFFICE THE OBAMA CLINTON ADMINISTRATION HAS BLOCKED AND DESTROYED MILLIONS OF JOBS THROUGH THEIR ANTI-ENERGY REGULATIONS

HILLARY CLINTON'S PLAN WILL REQUIRE SMALL BUSINESS TO PAY AS MUCH AS THREE TIMES MORE IN TAXES THAN WHAT I'M PROPOSING WE CAN'T LET HER WIN BECAUSE THAT WILL BE A DISASTER FOR DETROIT AND EVERYBODY ELSE MARK: EVEN THOUGH THINGS ARE BETTER FOR SOME PEOPLE, TRUMP CAN'T WIN THE ELECTION IF HE CAN'T CONVINCE PEOPLE THAT THE OBAMA CLINTON POLICY THREAT, THERE IS NO BACKING UP FOR THAT, RIGHT? DONNY: YOU WATCH HIM, IT'S INTERESTING I GIVE HIM HE IS SOLID, YOU DON'T CONNECT WITH HIM THE SAME WAY WHEN HE IS ACTING LIKE A POLITICIAN WHICH HE HAS TO DO NOW THAT'S WHY HE IS CORNERED

MARK: IS THERE MIDDLE GROUND? DONNY: NO, AT THE END OF THE DAY WHEN YOU'RE GETTING UP AND TALKING POLITICS AND TAX RATES AND JOBS, YOU SOUND LIKE A POLITICIAN THE DIFFERENCE IS HIS EYES HE DOESN'T HAVE THAT FIRE E IS NOT — SO THAT'S WHY — IT'S A TOUGH POSITION BECAUSE I EVEN WAS TUNING HIM OUT A LITTLE BIT TO ME AUTOMATICALLY LEAN IN AND LEAN OUT WITH HILLARY

I'M DOING THE HILLARY LEANOUT MARK: STUFF IS BORING, BY THE DEBATES, HE CAN FIGURE OUT HOW TO HAVE AN AMALGAMATION OF THE TWO THINGS, TALK ENOUGH SPECIFICS BUT TALKING ABOUT THEM LIKE HIMSELF DONNY: HILLARY WILL GET SO GRANULAR AND TURN TO HIM EVERY STEP OF THE WAY AND ASK HIM DEEP POLICY QUESTIONS, NOT JUST THE TOP LINE STUFF IRONICALLY, THE DEBATES PLAY TO HILLARY MARK: UP NEXT, WE TALK TO A REPUBLICAN STRATEGIST, THE MIKE MURPHY ABOUT DONALD TRUMP AND MORE RIGHT AFTER THIS

MARK: WELCOME BACK REPUBLICAN STRATEGIST FOR MANY REPUBLICANS INCLUDING JEB BUSH SUPER PACQUIAO MIKE MURPHY JOINS US A LOT OF NATIONAL POLLS SHOWING TRUMP WAY DOWN IS IT YOUR INSTINCT THAT THIS IS GOING TO FREEZE IN OR A DEMOCRATIC CONVENTION AND THINGS WILL TIGHTEN BACK UP? MIKE: IT'S SOMEWHERE IN THE MIDDLE

HE HAS SO MANY STRUCTURAL PROBLEMS WITH VOTERS THAT HE HAS CHECK MATED THE RACE WILL TIGHTEN A LITTLE I DON'T EXPECT HIM TO GET A LEAD AGAIN THAT IS MEANINGFUL FOR ANY SUSTAINED PERIOD OF TIME DONNY: MIKE, IT'S DONNY OBVIOUSLY TODAY WE SAW HIM ON HIS GOOD BEHAVIOR

IF YOU'RE RUNNING THE HILLARY CAMPAIGN OR ANYWHERE FROM THAT SIDE OF THE AISLE, YOU'RE GOING TO CONTINUE TO PRICK YOU JUST KNOW HE IS NOT GOING TO STAY ON MESSAGE THIS WAY WHAT WOULD BE YOUR BEST PRICK STRATEGY, NOBODY EVER ASKED THIS QUESTION ON THE SHOW WHAT IS YOUR BEST PRICK STRATEGIES IF YOU'RE GOING AGAINST HIM? MIKE: HE IS A CREATURE OF THE DAILY NEWS CYCLES HE WATCHES HIMSELF ON TV AND THEN HE REACTS

I WOULD HAVE SURROGATES ALL OVER HIM THEY'RE DOING A FAIRLY GOOD JOB ON THE READY TO BE COMMANDER IN CHIEF THE OTHER PILLAR THEY HAVE TO GO AFTER IS ECONOMIC MANAGER HIS FLOP TODAY AT THE ECONOMIC CLUB VENUE SHOWS THAT DISCONNECT WAS DOING THE SHTICK THAT WENT OUT OF VOGUE IN THE 1970'S

THE TRADE STUFF FELL FLAT I WOULD JUST BE ON OFFENSE OF SURROGATES I WOULD TRY TO NOT PUT THE SPOTLIGHT ON HILLARY THEY HAVE MANY WEAKNESSES, THEY WANT TO KEEP A REFERENDUM ON TRUMP AND WIGGLING ON THE HOOK WHICH IS WHAT HE DOES BEST MARK: THREE FORUM QUESTIONS, WHO ARE YOU VOTING FOR IN THIS ELECTION? MIKE: I'M NOT GOING TO VOTE FOR TRUMP, I CAN'T

I LOVE MY COUNTRY I MAY VOTE FOR A BUSINESS GUY WHO TOOK OVER THE REPUBLICAN NOMINATION THAT WAS A FAR BIGGER PATRIOT, WENDELL WILKEY BUSHWRITE IN JEB MARK: ANY CHANCE YOU VOTE FOR HILLARY? MIKE: I WOULD JUMP FOR HILLARY AND JUMP IN A LAKE FROM MASSIVE DEPRESSION MARK: THE SECOND FORM QUESTION IS DO YOU HOPE TRUMP WINS OR NOT? MIKE: NO, I THINK IT WOULD BE HORRIBLE FOR THE COUNTRY AND I DEMAGOGUE

HE IS A RACIST AND DESERVES TO LOSE MARK: WHAT PERCENTAGE THAT TRUMP WINS RIGHT NOW? MIKE: 10%, TAKE A HUGE BLACK SWAN DONNY: MIKE, I'M ALWAYS THE DUMBEST GUY IN THE ROOM IT'S SIMPLE TO ME YOU CONTINUE TO HAMMER AND SCARE THE BE JESUS OUT OF PEOPLE, PARTICULARLY WOMEN

I'M SCARED THAT'S A SIMPLE ONE MIKE: HE NEEDS MINORITY VOTERS OR COLLEGE EDUCATED WOMEN TO RADICALLY THINK — CHANGE WHAT THEY THINK ABOUT HIM MARK: WHAT CAUGHT EVERYBODY'S EYE, ELECTED OFFICES HOLDER IN TEXAS, SON OF JEB, SAID HE WAS GOING TO VOTE FOR TRUMP THE BUSH FAMILY NORMALLY PUTS FAMILY ABOVE EVERYTHING, THAT DID SURPRISE YOU? MIKE: GEORGE P IS AN OFFICE HOLDER IN THE LARGEST REPUBLICAN STATE, HE FEELS RESPONSIBILITY TO SUPPORT THE PARTY

MOST OF THE BUSHES I KNOW ARE NOT GOING TO PULL THE LEVER FOR DONALD TRUMP DONNY: WORKING FOR JEB, IF IT WAS A DO OVER AND YOU DON'T GET A DO OVER IN LIFE OR POLITICS, WHAT WOULD HAVE, COULD HAVE, OR NOTHING THAT JEB COULD HAVE DONE DIFFERENT GIVEN THE TYPE OF MEDIA JUGGERNAUT THAT COULD HAPPEN OUT OF NOWHERE? MIKE: WE MADE AN ARGUMENT FOR REFORMED CONSERVATISM HALF OF THE VOTERS WANTED TRUMP WITHOUT JEB FUNDAMENTALLY CHANGING WHAT HE IS FOR, I'M GLAD HE DIDN'T, IT WASN'T A YEAR FOR SELLING WHAT HE WANTED TO SELL I CAN THINK OF THINGS WE COULD HAVE DONE BETTER, BUT IN THE BIG PICTURE, ANYTHING THAT WOULD HAVE WON, WE NEEDED A DIFFERENT APPETITE IN THE PRIMARY VOTERS

MARK: AN ISSUE AT THE TIME THAT WE HAVEN'T DISCUSSED, I'LL TAKE THE OPPORTUNITY NOW, PEOPLE WANTED YOU TO SPEND YOUR TENS OF MILLIONS YOU HAD IN THE BANK EARLY ON AND JUST TRY TO CARPET BOMB TRUMP IN IOWA AND NEW HAMPSHIRE LOOKING BACK, MIGHT THAT HAVE WORKED? MIKE: THE PROBLEM WAS THE RUBIO CAMPAIGN, THE CHRISTI CAMPAIGN, EVERYBODY SEEMED TO AGREE THAT WE SHOULD HAVE TAKEN ON TRUMP FOR THEIR BENEFIT IF WE HAD A TIME MACHINE, I MIGHT HAVE CONVENED A MEETING WITH THE OTHER SUPER PACQUIAOS, OK, RUBIO, OK CHRISTI, YOU EACH PUT IN $2 MILLION FOR SIX, I'LL MATCH ALL OF YOU TO GO AFTER TRUMP THE PROBLEM IS IN THE PRIMARY OF SO MANY CANDIDATES, OUR JOB TO HELP JEB WAS TO CONSOLIDATE THE REGULAR REPUBLICANS SO THE POLLING WOULD SHOW THAT IF YOU WERE FOR TRUMP, YOU WERE NEVER GOING TO BE FOR JEB BUSH

MY IDEA WAS TO CLOBBER TRUMP EARLY TO ELECTED CRUZ THE NOMINEE WASN'T THE JOB FINALLY NOBODY OTHER THAN JEB BUSH AND LINDSAY GRAHAM TOOK ON TRUMP EARLY MARCO WAS IN HIDING, STILL IS TED CRUZ WAS FOR HIM UNTIL HE WAS AGAINST HIM I WISH ALL OF THE CANDIDATES HAD AGREED TO BEAT UP TRUMP AND I WOULD HAVE BEEN PART OF THAT

DONNY: MIKE, THERE IS A LOT OF REPUBLICANS, VERY, VERY SAD, THEY MISS THE REPUBLICAN PARTY ARE THEY ABLE TO GET IT BACK UNLESS THERE IS A CLINTON LANDSLIDE? IF TRUMP COMES EVEN CLOSE IN THE POPULAR VOTE OR EVEN CLOSE IN THE ELECTORAL COLLEGE, HOW DO YOU EVER GET IT BACK ON TRACK? MIKE: IF TRUMP LOSES, THERE WILL BE A STAIN ON THE PARTY IT WILL BE INCUMBENT ON US TO ERASE IT WE HAVE A LOT OF GREAT GOVERNORS, A LOT OF GREAT STATE REPS AND SENATORS WE GET ANOTHER BITE AT THE APPLE BECAUSE WE HAVE A BIG FRANCHISE

THE QUESTION IS CAN WE WIDEN IT AND LEARN A LESSON FROM TRUMP, THIS KIND OF GRIEVANCE CAMPAIGN IS THE OPPOSITE OF HOW WE'RE GOING TO WIN AND CHANGE THE COUNTRY I THINK WE WILL LEARN THE LESSON MARK: THIS GUY, EVAN MCMULLEN, HILL STAFFER, FORMER CIA

, FORMER GOLDMAN SACHS GOT IN THE RACE AS AN INDEPENDENT WHAT'S THE BEST SCENARIO FOR THAT CANDIDACY? MIKE: I'M WAITING FOR A DAVID FRENCH ENDORSEMENT ARK: AS FRENCH GOES, SO GOES FRENCH MIKE: VOTERS WILL SPILL INTO DIFFERENT PLACES FROM THE REPUBLICAN CATEGORY SOME WILL GO TO THE LIBERTY TAREANS, SOME MAY GO TO THIS GUY

ALL OF THIS WILL DIMINISH TRUMP AND WON'T HURT HER MARK: WHAT ARE THE VARIABLES BESIDES FUNDRAISING THAT WILL DETERMINE WHETHER THIS GUY MAKES AN IMPACT ON THE RACE? MIKE: WHETHER OR NOT HE CAN GET ANY EARNED MEDIA OR FREE MEDIA, WHETHER OR NOT THE NEWS MACHINE DECIDES TO COVER THE GUY BECAUSE HE WON'T HAVE THE RESOURCES TO GET A MEANINGFUL AMOUNT OF VOTES, WILL HE GET A PLATFORM — MARK: WE TRIED TO GET HIM ON AND HE REFUSED IS IT SMART TO ANNOUNCE AND THEN NOT GO OUT WITH A BIG PUBLIC EVENT AND TV? MIKE: NO, I THINK HE OUGHT TO WEAR A NEON SUIT AND GET ON EVERY TELEVISION THING HE CAN THAT'S THE ONLY SHOT TO GET FAMOUS ENOUGH TO PULL ANY VOTES AT ALL THEY GOT TO BE ALL MEDIA AND INTERNET ALL THE TIME

MARK: I HOPE HE IS WATCHING WOULD LOVE TO HAVE HIM ON TOMORROW WE'LL HAVE MORE TO TALK ABOUT WITH MIKE WE'LL BE BRINGING ON A SPECIAL GUEST TO JOIN MIKE, IT IS AMERICAN POLITICAL HISTORY YOU WON'T WANT TO MISS IF YOU'RE WATCHING US IN WASHINGTON, D

C, YOU CAN LISTEN TO US ON THE RADIO ON BLOOMBERG 999 FM WE'LL BE RIGHT BACK

♪ >> THERE WAS FAMOUS MYTHOLOGY TALK OVER THE LAST 20 YEARS ABOUT THE HATFIELD AND MCCOY AND HERE HE IS BROUGHT TOGETHER, MURPHY AND STEENS BY ONE THING, THE FORCE THAT COULD BREAK DOWN ALL WALLS, THE SPECTOR OF THE ORANGE MENACE HIMSELF, DONALD TRUMP AS PRESIDENT OF THE UNITED STATES OW, I'M NOT OUT RENT AGE TANDEM BICYCLE YET, IT'S GOOD TO PUT IT BEHIND US MARK: THAT WAS MIKE MURPHY TALKING ABOUT HIS LONG TIME FEUD WITH STEWART STEVENS WHO HE HAD AS A GUEST TODAY ON HIS PODCAST IT'S CALLED RADIO FREE GO

P AVAILABLE ON ITUNES THE TWO LONG-TIME REPUBLICAN CONSULTANTS HAVE BEEN BITTER RIVALS UNTIL RECENTLY THEY HAVE COME TOGETHER TO FACE A NEW OBSTACLE, DONALD J TRUMP

MIKE IS WITH US FROM LOS ANGELES AND FOR THE FIRST TIME IN TV HISTORY, THEY SAY WE'RE JOINED, HE IS JOINED BY HIS NEW CHUM, STEWART STEVENS, WORKING AS A SENIOR STRATEGIST ON MANY PRESIDENTIAL CAMPAIGNS INCLUDING MITT ROMNEY'S IN 2012 STUART, WHAT DO YOU AND MIKE SEE THE SAME REGARDING TRUMP? STUART: WELL, I THINK IT PROVES THAT AGE OLD "MAXIM" THAT DISGUST CONQUERS ALL YOU KNOW, MIKE AND I BOTH HAVE WORKED FOR CANDIDATES ACROSS THE SPECTRUM IN THE REPUBLICAN PARTY AND HAVE WORKED FOR PEOPLE WE REALLY CARE ABOUT AND ARE PROUD OF AND SEE DONALD TRUMP AS SOMEONE WHO IS COMPLETELY OUT OF THE MAINSTREAM OF HOW WE WOULD LIKE TO DEFINE POLITICS AND SPECIFICALLY THE REPUBLICAN PARTY DONNY: STUART, IN YOUR WILDEST DREAM AND YOU HAVE WORKED ON SOME VERY WELL KNOWN CAMPAIGNS, US HERE EVER IMAGINE AND BEYOND THE FACT THAT OBVIOUSLY PEOPLE ARE BORED WITH STATUS QUO AND WHAT HAPPENED? IS IT THE REPUBLICANS JUST TOOK THEIR EYE OFF THE BALL AND STARTED TO NOT GET THAT THE WORLD IS A POPULIST WORLD, WHETHER YOU'RE COMING AT IT FROM THE LEFT OR THE RIGHT, WHAT HAPPENED HERE? YOU HIT ISTEN, I THINK THE NAIL ON THE HEAD THE INABILITY TO IMAGINE WHAT MIGHT HAPPEN, THAT IS THAT TRUMP COULD WIN, I THINK HELPED TRUMP YOU HIT THE WIN BECAUSE THERE WAS SORT OF A CONSENSUS OF WHICH CERTAINLY I'M PART OF

I WROTE THAT HE WOULD DROP OUT BEFORE IOWA BECAUSE HE IS GOING TO LOSE IOWA I WAS AS WRONG MORE THAN ANYBODY THAT ENABLED HIM WORLD WAR I, THE GUNS OF AUGUST, YOU CAN'T IMAGINE THIS IS GOING TO HAPPEN THE NEXT THING YOU KNOW, YOU'RE TWO YEARS IN THE ZONE

THE PARTY, THERE IS A SCHOOL OF THOUGHT IN THE PARTY THAT TRUMP IS A PERFECT CANDIDATE FOR HE IS FULFILLING ALL THE SORT OF CONGRESS MANEY FANTASIES, IF YOU JUST YELL AT THE MEDIA LOUD ENOUGH, YOU'LL BEAT THE MEDIA, THAT WE CAN WIN JUST WITH WHITE VOTES THERE ARE THESE, WHAT I CALL THE LOST TRIBES OF THE AMAZON OUT THERE JUST GO UP THE RIVER FAR ENOUGH AND BEAT THE DRUM LOUD ENOUGH, THEY'LL COME TO THE RIVER BANK AND VOTE FOR YOU IT'S ALMOST LIKE YOU HAD TO TEST DRIVE THIS TO SEE THAT IT WAS JUST COMPLETELY NUTS

MARK: MIKE, WHAT DO YOU THINK OF WHAT BROTHER STEVENS IS SAYING? MIKE: WE TOTALLY AGREE ON THIS HALF THE PRIMARY VOTERS WENT OUT AND HAD A LOST WEEKEND BENDER AND NOW THEY HAVE WOKEN UP NEXT TO MRS GODZILLA AND IT'S A DISASTER HE HIT THAT CHORD OF RESENTMENT POLITICS INSIDE THE REPUBLICAN PRIMARY WHERE THE INCENTIVES ARE OFTEN TO DO ANYTHING YOU CAN DO TO LOSE THE GENERAL ELECTION NOW WE'RE PAYING THE PRICE

STUART AND I HAVE HAD OUR DISAGREEMENTS WE BOTH FEEL SO STRONGLY ABOUT THIS, WE STARTED CHATTING ON THE PHONE AND HE VERY GRACIOUSLY DID THE RADIO FREE GOP PODCAST AND WE HAVE A SIMILAR DIAGNOSIS AND WE AGREE A LOT ABOUT WHAT WE HAVE TO DO TO CLEAN UP THIS MESS AFTER THE ELECTION

DONNY: I WANT TO ASK BOTH OF YOU GUYS THIS QUESTION CLEARLY YOU HAVE HIT A NERVE FROM HERE ON, WE'RE SPOILED AT HOME THAT WE'RE GOING TO WANT, DEMAND, EXCEPT, EMBRACE, ANY POLITICIAN, ENTERTAINER, GEORGE CLOONEY STARTS TO RUN PART OF OF IT IS IT'S BEEN SO FUN TO WATCH, IT'S NOT A POLITICIAN, IT'S AN ENTERTAINER WHETHER IT'S CLOONEY OR OPRAH WINFREY

IS THIS TEEING UP THAT EVERY PRESIDENTIAL ELECTION IS OPEN FOR BUSINESS WAY BEYOND POLITICIANS? STUART: I WORKED WITH GEORGE CLOONEY ON K STREET AND I ALSO KNOW DONALD TRUMP A LITTLE BIT I THINK CLOONEY HAS 75 IQ POINTS ON TRUMP AND IS A MUCH MORE SENSIBLE GROUND AND SANE HUMAN I DON'T THINK SO

I THINK YOU'RE GOING TO FIND THAT THIS IS SORT OF A REJECTION OF THAT AND GO BACK TO AN IDEA THAT GOVERNING IS SERIOUS BUSINESS DONNY: THAT'S MY POINT IF A CANDIDATE DID COME ALONG THAT HAD THE BEST OF BOTH WORLDS, HAD THE X-RATING, THE STAR APPEAL, ENTERTAINMENT VALUE AND ACTUALLY WAS AN INTELLIGENT, LITERATE, CONSIDER THE YACHT PERSON, I THINK WE HAVE SPOILED THE POPULIST AND THAT'S SOMETHING TO CONTEND FROM HERE ON? MIKE? MIKE: I WORKED FOR ARNOLD SCHWARZENEGGER HE WAS FAMOUS BUT HE WALKED A LOT TO HAVE POLICY PLANS AND SURROUND HIMSELF WITH GREAT POLICY ADVISORS, HE TOOK THE GOVERNING SIDE THING SERIOUSLY YOU WILL SEE MORE POP CULTURE IN POLITICS

IN THE MOVIE BUSINESS, PREAWARE TITLES MOVE INTO THE SPACE, BUT THE VOTERS AFTER THE TRUMP THING ARE GOING TO DEVELOP MORE OF A FELTER WHERE A KARDASHIAN IS NOT SUCH A GOOD IDEA, BUT SOMEBODY WHO HAS DONE THEIR HOMEWORK LIKE A CLOONEY ON THE LEFT OR ON THE RIGHT COULD BE AN ATTRACTIVE CANDIDATE I THINK TRUMP'S MISTAKES WILL RAISE THE BAR A LITTLE WHILE POP CULTURE IS HERE TO STAY MARK: STUART, CONFUSED AND SURPRISED BY THE FACT YOU HAVE SOME REPUBLICANS, CONSULTANTS AND OFFICE HOLDERS WHO SAY NEVER TRUMP YOU GOT SOME WHO ARE LINING UP WE TALKED LAST SEGMENT ABOUT GEORGE B BUSH BEING FOR TRUMP

DO YOU EXPECT A LOT OF PEOPLE, OFFICE HOLDERS AND ADVISORS TO SAY, YOU KNOW WHAT, I CAN'T BE FOR TRUMP AND COME PUBLIC OR NOT? STUART: I THINK IT PROBABLY WILL HAPPEN LISTEN, I HAVE TRIED TO BE VERY UNCRITICAL WITH ANYBODY THAT DISAGREES WITH ME ABOUT DONALD TRUMP IN PART, DONALD TRUMP IS SO CRITICAL OF ANYONE WHO DOES DISAGREE WITH HIM IT'S PARTICULARLY IMPORTANT AT THIS MOMENT IN OUR POLITICS TO ALLOW FOR DIFFERENCES I KNOW A LOT OF WELL INTENTIONED GOOD PEOPLE SUPPORT DONALD TRUMP THAT HE COULD BE A GOOD PRESIDENT

I'M NOT WITH THEM, BUT THIS LATEST MONMOUTH POLL, TRUMP IS WINNING 5%, WINNING THE WHITE VOTE BY 5% ROMNEY WON IT BY 29 HE IS SHRINKING THE PARTY IN FLORIDA, HE IS GETTING 12% OF HISPANIC VOTERS ROMNEY GOT 40

THERE IS SOME REASON TO BELIEVE ROMNEY LOST WE'RE HEADED IN THE WRONG DIRECTION WE NEED TO BE EXPANDING INSTEAD OF SHRINKING AND WE'RE IN THE SHRINKING BUSINESS MARK: YOU WORKED WITH MITT ROMNEY REAL QUICK IF ROMNEY WERE THE NOMINEE, WHERE WOULD THIS RACE BE? MIKE: AHEAD AND WINNING

MARK: IS THIS A ONE OFF? MIKE: STAY TUNED FOR OUR MUSICAL, WE'RE TALKING TO BROADWAY RIGHT NOW MARK: THE BROADWAY MUSICAL, STEVENS AND MURPHY OR MURPHY AND STEVENS, THANKS FOR BEING HERE YOU CAN CATCH MIKE'S PODCAST, RADIO-FREE GOP

ON ITUNES WHEN WE COME BACK, A LOOK AT THAT NEW INDEPENDENT CANDIDATE RIGHT AFTER THIS >> FOR YEARS WHILE LIVING IN WASHINGTON, I WOULD LIKE TO VISIT THE NATIONAL MONUMENTS LATE AT NIGHT I DO IT BECAUSE LATE AT NIGHT, NOBODY IS AROUND, IT'S QUIET EDISON WITH THE LONG LASTING LIGHT BULB AND BELL WITH THE FELF AND FORD WITH THE MODEL T, THE WRIGHT BROTHERS WITH AIRPLANES

PERISCOPE AND MEERKAT, AIRBNB AND THE WASHING MACHINE, THE TELEVISION, THE INTEGRATED CIRCUITS, THE PERSONAL COMPUTER MARK: AMERICA GETS TO KNOW HIM, THAT WAS A SHORT LOOK AT THE MAN WHO COULD BE YOUR NEXT PRESIDENT WHO IS HE? THAT IS EVAN MCMULLIN UNTIL JUST RECENTLY, THE CHIEF POLICY DIRECTOR FOR THE HOUSE REPUBLICAN CONFERENCE HE IS NOW RUNNING AS AN INDEPENDENT PRESIDENT OF THE UNITED STATES

HE ANNOUNCED HIS CANDIDACY, A CAMPAIGN LOGO, STARTED A WEBSITE, PUT OUT A STATE, NOT ON TV YET HE DID PAY A VISIT TO THE OFFICE OF NATIONAL REVIEW OUR NEXT GUEST WAS THERE YOU WERE IN THE ROOM WITH HIM AND ABOUT HOW MANY OTHER PEOPLE? IAN: ABOUT A DOZEN MARK: NEVER MET HIM BEFORE? IAN: NEVER MET HIM

MARK: DID HE COME ACROSS AS A PRESIDENT? IAN: NOBODY COMES ACROSS AS A PRESIDENT UNTIL THEY'RE IN OFFICE HE IS SOBER INDIVIDUAL BY ANY MEASURE, AN IMPRESSIVE RESUME AND I WANT, I THINK IT'S IMPORTANT TO NOTE THAT THERE IS SOME VIRTUE IN PROVIDING AN HONORABLE ALTERNATIVE AT LEAST ON THE FIRST IMPRESSION HE CERTAINLY SEEMS TO FULFILL THAT CRITERIA SO PUT ALL THAT ON THE TABLE TO START MARK: THE NATIONAL REVIEW HAS BEEN AGAINST DONALD TRUMP FOR A LONG TIME WAS HE THERE TO SOLICIT YOUR EDITORIAL SUPPORT? IAN: HE WAS THERE TO INTRODUCE HIMSELF

I'M SURE HE KNOWS IT'S A MORE SYMPATHETIC AUDIENCE THAN HE WOULD RECEIVE AT THE RNC RIGHT NOW I'M SURE WE'LL LET THIS PLAY OUT FOR A LITTLE BIT TO SEE WHAT KIND OF IMPRESSION HE MAKES WITH A WIDER AUDIENCE

DONNY: MARK, I WANT TO SHIFT IT TO YOU IN TERMS OF THE TWO OTHER INDEPENDENT CANDIDATES COMBINED I THINK THEY'RE AT 12% WHEN DO ANY OF THEM START TO BECOME A FACTOR? MARK: AS MIKE MURPHY SAID, YOU HAVE TO EARN MEDIA YOU HAVE TO BE IN THE MIX SOMETHING HAPPENS, THERE IS A TERRORIST ATTACK OR THE JOBS NUMBERS COME OUT, YOU WANT TO BE IN THE MIX SO PEOPLE GO TO YOU

I THINK THE POLLS MATTER MOST OF ALL AND FUNDRAISING THAT'S GOING TO BE A BIG FACTOR FOR HIM AND POLL STANDING, THAT THAT THRESHOLD IS THERE TRUMP DOESN'T WANT OTHER CANDIDATES IN THE DEBATE DID HE TALK TO YOU ABOUT HIS FUNDRAISING, HOW MUCH HE CAN RAISE AND HOW? IAN: DIDN'T TALK CONCRETE NUMBERS

HE SAID THERE ARE SERIES DONORS THAT NAMES PEOPLE WOULD KNOW MARK: NOT THAT HE WOULD SHARE WITH YOU? IAN: NOT ON THE RECORD, NO MARK: HE PUT OUT STATEMENTS ON HIS WEBSITE, STANDARD BOILER PLATE WHAT ISSUES MIGHT HE TALK ABOUT TO BREAK THROUGH AGAINST PRIMARILY TRUMP AND CLINTON? IAN: I THINK HE IS PROBABLY GOING TO FOCUS PRIMARILY ON NATIONAL SECURITY INASMUCH AS HE DOES TALK POLICY AND THESE TWO CANDIDATES WHO HE IS RUNNING AGAINST HE SPENT MORE THAN A DECADE IN THE C

IA RUNNING COVERT OPERATIONS OVERSEAS HE HAS A STRONG BACKGROUND IN ALL OF THAT I WOULD SAY IT'S OBVIOUS THAT HE KNOWS MORE ABOUT IT THAN TRUMP AND THERE IS NO EVIDENCE THAT HE IS IN INTERNATIONAL SECURITY LIKE THE DEMOCRATIC CANDIDATE

HE IS GOING TO PUSH THAT AS A THEME DONNY: WE WERE BOTH SURPRISED HE MADE THIS BIG ANNOUNCEMENT TODAY AND WAS INVITED ON HERE, DECLINED WE HAVEN'T SEEN HIM ANYWHERE TODAY, NOT WHAT ONE WOULD TRADITIONALLY DO WITH A CANDIDACY IAN THEY'RE BEING OVERWHELMED WITH MEDIA REQUESTS AND TRYING TO FILL AS MANY OF THOSE AS POSSIBLE TO BE LOOKING FOR HIS FACE AND VOICE OVER THE NEXT COUPLE DAYS, HE'LL TRY TO BE IN AS MANY PLACES AS POSSIBLE

THAT'S AS MUCH AS I KNOW MARK: DID HE SHOW A SENSE OF HUMOR? IAN: YES, HE DID HE IS QUIET, ARTICULATE, IT'S NOT CLEAR, WE WEREN'T ABLE TO DELVE INTO IT IN THE TIME WE HAD IF HE UNDERSTANDS THE NITTY-GRITTY DETAILS OF POLICY HE HAS BEEN A POLICY ADVISOR, SO I IMAGINE HE CAN TALK ABOUT SOME OF THESE ISSUES AT A FAIRLY PRECISE LEVEL, BUT IT'S GOING TO BE DIFFICULT I THINK FOR HIM SORT OF TEMPERAMENTALLY MARK: YOU'RE INTRIGUED, BUT THE JURY IS OUT

IAN: THAT'S RIGHT MARK: IAN TUTLE ALSO QUIET WITH A GREAT SENSE OF HUMOR, WE'LL BE RIGHT BACK MARK: IF YOU CAN ASK EVAN MCMULLIN A QUESTION, MAYBE WE'LL GET TO THEM TOMORROW, WHAT IS YOUR QUESTION? DONNY: IT'S ONE QUESTION, DO YOU WANT OR NOT WANT DONALD TRUMP AS PRESIDENT? MARK: BLOOMBERGCOM YOUR ONE STOP FOR ALL YOU NEED TO KNOW ABOUT THE TRUMP ECONOMIC SPEECH TODAY COMING UP ON "BLOOMBERG WEST," EMILY CHANG SITS DOWN WITH THE C

EO OF THE RIDE SHARING COMPANY HALO DONNY AND I WILL BE BACK TOMORROW THANKS FOR WATCHING

♪ ♪ MARK: I'M MARK CRUMPTON, YOU'RE WATCHING BLOOMBERG WEST DONALD TRUMP LAID OUT HIS ECONOMIC VISION FOR AMERICA TODAY HE SAID NO BUSINESS SHOULD PAY MORE THAN 15% IN INCOME TAXES AND THAT HE WANTS TO SIMPLIFY THE TAX CODE TO THREE BRACKETS, 12%, 25%, AND 33% HIS SPEECH WAS DISRUPTED MORE THAN A DOZEN TIMES BY PROTESTERS WHOSE SHOUTS WERE DROWNED OUT BY BOOS AS THEY WERE LED BY THE ROOM BY SECURITY HILLARY CLINTON SAYS TRUMP'S PROPOSAL WOULD BENEFIT RICH CORPORATIONS AND THE WEALTHIEST AMERICANS AT THE EXPENSE OF THE WORKING CLASS

MRS CLINTON TOLD A RALLY IN ST PETERSBURG, FLORIDA, SHE'LL RAISE TAXES ON THE WEALTHY BECAUSE THAT'S WHERE THE MONEY IS OFFICIALS HAVE SIGNED A LETTER OPPOSING DONALD TRUMP THEY INCLUDE FORMER MEMBERS OF THE NIXON, REAGAN AND BOTH BUSH ADMINISTRATIONS

THEY WRITE THEY'RE CONVINCED TRUMP WOULD BE THE MOST RECKLESS PRESIDENT IN AMERICAN HISTORY DOCTORS WITHOUT BORDERS SAYS A HOSPITAL IN SPORTS IN REBEL-HELD NORTHERN SYRIA HAS BEEN DESTROYED BY AIR STRIKES THE GROUP SAYS THE HOSPITAL WAS HIT DIRECTLY KILLING FIVE CHILDREN AND EIGHT OTHERS HOSPITALS MOSTLY IN REBEL HELD AREA ARE REGULARLY ATTACKED MORE THAN 40 ATTACKS WERE REPORTED IN JULY

GLOBAL NEWS 24 HOURS A DAY POWERED BY OUR 2,600 JOURNALISTS IN MORE THAN 120 COUNTRIES I'M MARK CRUMPTON, "BLOOMBERG WEST" IS NEXT EMILY: I'M EMILY CHANG AND THIS IS "BLOOMBERG WEST" COMING UP, THE ESCALATING E-CUSTOMERS WAR, WILL WAL-MART'S ACQUISITION GIVE IT ENOUGH AMMO TO REALLY CHALLENGE AMAZON? THE CLASH OF TWO RETAIL TITANS FOR E-COMMERCE SUPREMACY WILL APPLE REVEAL A NEW IPHONE NEXT MONTH, WE'LL GIVE YOU A FIRST LOOK AT THE CHANGES IN STORE FOR IPHONE USERS THIS FALL

AND MY TAXI GETS IN THE FRONT SEAT WITH HALO COULD THIS ALLIANCE IN THE RIDE SHARING WAR LEAD THE CHARGE INTO NEW TERRITORY? HALO CEO ANDREW PINNINGTON JOINS US TO DISCUSS

TO OUR LEAD, CAN WAL-MART TURBOCHARGE ITS E-COMMERCE BUSINESS? THE BIG BOX RETAILER IS HOPING TO DO JUST THAT WITH A $33 BILLION ACQUISITION OF A FAST GROWING MARKETPLACE THE DEAL INCLUDES $3 BILLION IN CASH AND $300,000 AND WAL-MART SHARES TO BE PAID OUT OVER TIME IT WILL RUN WAL-MARTCOM AND JET WILL REMAIN A SEPARATE BRAND

THE CURRENT HEAD OF E-CUSTOMERS WILL BE STEPPING DOWN THE WAL-MART HAS SPENT BILLIONS OF DOLLARS EXPANDING IT'S ONLINE OPERATIONS BUT TRAILS AMAZON BY A LONG SHOT AT THE VERY SAME TYPE, OVERALL REVENUE GROWTH AND PHYSICAL STORE EXPANSION IS DECLINING AS WELL CAN JETCOM HELP TURN THINGS AROUND? JOINING US IS DAVID KIRKPATRICK AND BLOOMBERG'S GLOBAL HEAD OF GURU LOGY, BRAD STONE AND WHO WORKED AT AMAZON AND EBAY

BRAD, YOU WROTE THE BOOK ON AMAZON AND WROTE THE BUSINESS WEEK COVER STORY ON JET WHICH WAS LAST YEAR THIS IS SUCH A YOUNG COMPANY THEY SAY THEY'RE PROCESSING 25,000 ORDERS A DAY, ADDING 400,000 SHOPPERS A MONTH THERE ARE REPORTS THAT IT'S BEEN STRUGGLING IS THIS THE BEST WAY FOR WAL-MART TO SPEND $3 BILLION? >> FIRST OF ALL, LET'S DISCARD THE NUMBERS

IT'S A YEARS OLD COMPANY YOU LOOK TO THE LEFT AND RIGHT, ARE EITHER OF THOSE PEOPLE JETCOM SHOPPERS, PROBABLY NOT THIS DEAL IS ABOUT HISTORY AND PEOPLE I DON'T USUALLY DO THIS BUT I GOT TO GO BACK TO MY BOOK, THE AMAZON ACQUISITION SIX YEARS AGO

WAL-MART STEPPED UP TO THAT DEAL WAL-MART WAS TALKING TO QUINCY FIRST EMILY: THAT WAS THE COMPANY THAT MARK FOUNDED? BRAD: THROUGH DISTRACTION AND LACK OF FAITH, THEY LOST THE DEAL THEY DON'T WANT TO BE WRONG AGAIN MARK HAS A TEAM, SCOTT HILTON, NATE FOSS, THE C

O O THE TEAM CAN THINK STRATEGICALLY ABOUT E-COMMERCE AND KNOW IT BETTER THAN ANYONE AND HAVE A RECORD OF OFFENSIVELY OPPORTUNITY ALONGSIDE AMAZON AMAZON WILL GET YOU THAT BOX IN TWO DAYS OR ONE DAY YOU CAN'T BEAT THEM ON SELECTION

WHAT THE JETCOM FOLKS HAVE BEEN ABLE TO DO IS TO A CERTAIN EXTENT BEAT AMAZON ON PRICE OR AT LEAST FIND SOME OPPORTUNITIES TO CREATE A BRAND THAT WILL SPEAK TO ECONOMIC-MINDED CONSUMERS EMILY: WE HAVE BEEN DIGGING INTO SOME CHARTS ON THE TERMINAL WAL-MART'S E-COMMERCE BUSINESS IS DECLINING AS A PERCENTAGE OF ITS OVERALL BUSINESS, IT GREW 7% LAST QUARTER IF IT'S FOR THE TALENT AND TEAM, IS IT WORTH IT? >> I THINK IN THIS GAME OF E-COMMERCE, IT'S EITHER GROW FAST OR DIE SLOW

WALL MATTER REALIZES THAT WE ARE SEEING THE DECLINE IN THE E-COMMERCE SECTOR AND FOR THEM, IT IS A GAME OF HOW TO GET BACK INTO THE ENTIRE WAR ONE OF THE CROWN JEWEL OF THIS ACQUISITION IS REALLY THE PRICING TECHNOLOGY THAT JET HAS WE HAVE TRACKED AMAZON, WAL-MART AND JET OVER THE LAST YEAR OR SO AND AS BRAD POINTED OUT, WE HAVE SEEN WAL-MARTCOM HAS BEEN EXPENSIVE, 8 TO 10% MORE EXPENSIVE THAN AMAZON AND JET HAS BEEN TREADING THE SAME LINES AS AMAZON, SOMETIMES EVEN CHEAPER THAN AMAZON

COM THIS IS A GOOD GAME FOR WAL-MART TO WATCH THAT PRICING TECHNOLOGY AND BRING THAT IN-HOUSE AND PUT THAT INTO PLAY TO POTENTIALLY GROW THEIR E-COMMERCE BUSINESS EMILY: THE WAY THE ALGORITHM WORKS, THE MORE YOU BUY, THE CHEAPER IT GETS IT ENCOURAGES YOU TO BUY IN BULK I DID SPEAK TO MARK LAST YEAR WHEN THE COMPANY WAS SIX MONTHS OLD

TAKE A LISTEN TO WHAT HE HAD TO SAY ABOUT AMAZON IN PARTICULAR MARK: WE DON'T SEE AMAZON OR ANYONE ELSE AS A COMPETITOR WE SEE $3 BILLION GROWING TO $12 TRILLION IN 10 YEARS THERE IS PLENTY OF SPACE FOR MULTIPLE PLAYERS

EMILY: DAVID, I WANT TO BRING YOU INTO THIS, LOOK, AMAZON IS FAR AWAY THE LEADER IN E-COMMERCE IS THIS A PLAY FOR NUMBER TWO BECAUSE CAN WAL-MART EVER BE NUMBER ONE? DAVID: THE SIMPLE ANSWER TO THAT IS NO THERE IS NO SCENARIO WHERE WAL-MART WILL BE NUMBER ONE IN E-COMMERCE

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