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Bloomberg Talks

California Governor Gavin Newsom (D) Talks Donald Trump, ICE

29 Jan 2026

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What are Governor Newsom's thoughts on Donald Trump's presidency?

2.495 - 29.355 Unknown

Bloomberg Audio Studios, podcasts, radio, news. So I think the situation in Minnesota is still on a lot of people's minds right now. I would like to hear what you thought of the events this weekend in Minneapolis, the death of Alex Freddie, and then what we're hearing today about a possible pullback by the Trump administration. Do you feel like that has credibility?

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30.897 - 48.444 Gavin Newsom

You got me on the credibility. Look, for me, just to contextualize the way I process this, this future happened here first in June of last year, where we had 4,000 National Guard that were federalized.

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48.464 - 66.393 Gavin Newsom

We had 700 active duty Marines that were not sent overseas to protect our interests, were sent to seize control of the second largest city in the United States of America, Los Angeles, close to 5,000 federalized troops on the streets of an American city last June.

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67.414 - 96.096 Gavin Newsom

That mindset was further stretched a few months later when in an effort to organize a construct to respond to what happened in Texas with midterm redistricting, we launched our campaign for Proposition 50 in Little Tokyo in Los Angeles, the sacred site of where we were busing and interning the Japanese. A well-known site for anyone down in Southern California.

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96.116 - 121.628 Gavin Newsom

It was at the, of all places, Democracy Center. As we were walking in, people were being intimidated by a gentleman by the name of Bovino, Greg Bovino. Masked men surrounding the building, a poor guy selling strawberries across the street, disappeared, collateral damage, was found a few weeks later. tried to intimidate folks from assembling, we said that was a preview of things to come.

Chapter 2: How does Governor Newsom view the situation in Minnesota?

123.133 - 124.217 Gavin Newsom

On election day,

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125.75 - 152.77 Gavin Newsom

In November, I wake up in the morning, true social, says the election's rigged, DOJ, prosecutors and investigators are there, the expectation that they were going to file a lawsuit, which they have done, as you know, was set, but they also set the tone of the day by sending out Bovino's team, the BORTAC teams, these are the border patrol tactical units, to Dodger Stadium, assembled there,

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152.935 - 171.323 Gavin Newsom

in order to chill free expression and free speech for diverse communities that were already on edge on election day. These guys are not screwing around. So I'm getting that you're not satisfied. Nothing about what's happening in Minnesota and Minneapolis surprises me at all, quite the contrary.

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171.343 - 187.083 Gavin Newsom

And for a second, if Tom Homan, who was accused of a $50,000 bribe, where charges disappeared, speaking of disappearing, Cash, FBI, is the adult in the room. We are in more trouble than any of you think.

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187.103 - 194.761 Unknown

If Republicans don't agree to reform ICE, to pull back on the DHS budget, should Democrats close the government? That's now on the table.

194.881 - 196.645 Gavin Newsom

I don't think it's not an option.

197.519 - 198.44 Unknown

Well, it is an option.

198.52 - 199.942 Gavin Newsom

It could happen tomorrow night. It's not an option.

Chapter 3: What actions has California taken regarding federal law enforcement?

199.962 - 222.608 Gavin Newsom

You want your republic. You want to save this democracy. You want to enjoy the 250th anniversary, maybe make the 251st anniversary of the historic project of our founding fathers. It's not an option. What did he do in Fulton County today? What did Pam Bondi demand in order to move out? This is the second demand in two days. Just 24 hours ago. I'm old enough to remember.

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223.108 - 226.412 Gavin Newsom

Pam Bondi said, we'll leave, but we want your voting rolls.

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227.506 - 231.471 Unknown

This is the FBI rating voting rolls in Georgia around the 2020 election.

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231.511 - 255.203 Gavin Newsom

Well, but I'm referring to that as it relates to the Fulton County example today, which is all about setting the baseline that the last election, 2020, was rigged. So you should have zero confidence in the outcome of the midterm elections, which Donald Trump is going to get crushed. I mean, what more evidence do we need? It's a stacking of all of these things.

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Chapter 4: How does Governor Newsom respond to concerns about ICE and immigration policies?

255.243 - 278.573 Gavin Newsom

He is not screwing around. He tried to light democracy on fire when he lost the election, tried to light it on fire, tried to destroy this democracy. He's trying to ruin our republic. He's trying to torch it. What more evidence do we need on a day-to-day basis? All of this is part of that same narrative, that same thread. It's tragic what's happening. A five-year-old angelic young boy

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279.683 - 298.58 Gavin Newsom

used as leverage and collateral. This madness, masked men, not even identifying themselves, no warrants, terrorizing communities. People dying, quite literally now dying. We said people will die, people are dying in the United States of America. And what is the threat today to your question?

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299.561 - 314.767 Gavin Newsom

Well, do what we legally can't do, or we'll continue to illegally do what we've been doing by terrorizing your community. by turning over people in local jails or whatever the hell else we want as points of leverage.

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Chapter 5: What is Governor Newsom's perspective on the wealth tax proposal?

314.908 - 328.957 Gavin Newsom

None of this can be normalized and none of this None of this can be considered credible in the context of any of this renewed, well, renewed posture of the administration.

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329.097 - 341.492 Unknown

You talked about what the National Guard did in California last year. Do you worry that your continued emergence as a critic, as an antagonist to Trump, will bring the same pain that we're seeing in Minnesota back to California?

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343.374 - 367.533 Gavin Newsom

I mean, I guess we can roll over, kiss the ring, put on some knee pads, Do what the universities, the law firms, do what ABC did, Paramount did, do what Meta did, YouTube did. Do what so many companies are doing. Maybe get a golden share in the Golden State. I mean, seriously. And just watch it all disappear.

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367.594 - 378.967 Gavin Newsom

I guess we can do that, or we can stand on principle, the rule of law, not the rule of Don. I hope it's Donnie and not all of you. It's the rule of Don. We don't have co-equal branches of government. We have a supine Congress.

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Chapter 6: What measures is California implementing to address housing and affordability?

378.987 - 406.487 Gavin Newsom

The only approximation of a co-equal branch of government is the markets. Thank you, the markets. I mean, at Bloomberg. It's the only thing he seems to pay attention to. He doesn't even pay attention to court orders. You saw that, the federal judge today. I mean, 96 specific attempts to completely deny court order, just since he's been involved in this operation in Minnesota. This is code red.

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407.548 - 434.611 Gavin Newsom

But it's become so normalized, it's in our bloodstream. I mean, last night he did 56 true socials in 60 minutes, 56. The President of the United States, one of them, and forgive me, it's not a big deal, but it should alarm you, was an AI-generated video of the governor involved with Mexican cartels. that appears to have its origins as a Russian disinformation campaign.

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434.871 - 443.087 Gavin Newsom

The President of the United States is tweeting that out about one of his political enemies. He said that hundreds of Walmart stores

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Chapter 7: How does Governor Newsom describe California's economic recovery efforts?

443.573 - 467.016 Gavin Newsom

shut down in the state of California because of a $22 minimum wage, it's $16.90. Walmart had to correct that today, said we actually just opened a new store. That happened in the United States of America. But you see how that travels everywhere. It may even travel to one of your inboxes. Maybe it's a tweet, a retweet. I didn't say it, it was said.

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467.597 - 481.137 Gavin Newsom

All of a sudden now it's in a blog, all of a sudden there's Jesse Waters. All of a sudden, there's Sean Hannity. All of a sudden, we're having a conversation where I have to say, no, it's not true. I'm not involved with the Mexican cartels.

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481.978 - 498.014 Unknown

One of the things that is coming to California is an investigation into waste, fraud, and abuse. The Trump administration clearly had some success with that in Minnesota. Governor Tim Walz is not running for re-election. And now they've promised that the investigation into California has begun.

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Chapter 8: What future plans does Governor Newsom have for California?

498.455 - 501.458 Unknown

What will they find, and what is at stake?

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502.096 - 513.315 Gavin Newsom

They'll find a state that's taken that issue very, very seriously. They'll find a state that years and years ago established the first framework, something called ID.me, that has stopped $135 billion of fraud just at the EDD department.

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513.756 - 539.93 Gavin Newsom

You'll see someone working with the Trump 1.0 administration calling out the fraud in the PUA program, which, by the way, the OIG in the DOL, the Department of Labor, his own Office of Inspector General identified $163 billion of fraud under his administration in that program. California was able to stop it. We prosecuted 929 individuals.

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540.37 - 561.401 Gavin Newsom

We've clawed back 5.9, almost $6 billion, and we're still winding up. All across the country, that was taking shape. You may have just seen some headlines. Thank you for those that wrote about them. that California became the first pay-by-touch with EBT cards, saw 83% decline in fraud.

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561.441 - 589.436 Gavin Newsom

Just last year, you saw what we're doing and what the Trump administration's doing, to your question, with Dr. Oz. You might have, well, you're living in Oz. When he went down attacking the Armenian community just a few days ago, a business that's down now 30%. Poor guy, small businessman. running a bakery because he decided to do a little TikTok video or something.

589.456 - 613.637 Gavin Newsom

Saying they're somehow connected to the mob around hospice. Well, hospice, we've been after that for years and years before Oz was even on the scene. 2021, we did a moratorium on new hospice program. 280, we shuttered. We've been after this for years and years and years. We want an open hand, not a closed fist. We absolutely are here to be a partner to go after waste, fraud, and abuse.

613.678 - 637.877 Gavin Newsom

I started something called ODI, Office Digital Innovation. I did not, my mistake, do it with a chainsaw. Had I done that, you would know about it. We just began the Office of Digital Innovation, and we started to begin a process of reforming our procurement and our strategies on technology across the board, but also on the issues of waste, bottom, and boost.

637.897 - 656.56 Gavin Newsom

By the way, ODI was a partnership with the Houghton Human Service to create the new EBD card, which again, is leading the nation. I'm humbled in this perspective. No one's denying these issues, but let's also not deny this is purely political. You all know this because I know you know it because this is an incredibly bright group.

657.041 - 679.443 Gavin Newsom

You know about the 48 people just a few months ago that were convicted of $14.6 billion in healthcare fraud in Texas, right? You all know that. You must. And if you don't, it's because It wasn't colored in by the Trump administration because this is not about fraud and abuse.

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