With Bloomberg you get the story behind the story, the story behind the global birth rate,

behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context.

And context changes everything. Go to Bloomberg.com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

Daily, we bring you insight from the best in economics finance investment and international relations find

Bloomberg surveillance on Apple Podcasts soundcloud bloomer.com and of course on the

Bloomberg. story, a bad day for some of the president's men. His former personal lawyer Michael Cohen

pleaded guilty to a legal campaign finance charges all but naming Trump as having ordered

him to do it. Moments later, the president's former campaign chairman, Paul Manafort, was convicted on eight counts of tax and bank fraud charges.

Joining us from Capitol Hill, is Bloomberg's Kevin Sirilly, our Chief Washington correspondent.

Good morning to you, Kevin, on a busy day for Washington, D.C.

What has changed for the president?

Well, there's an increasing pressure, Jonathan, from Democrats to avoid an abuse of pardoning power as it's being described.

There's legislation in the Democratic controlled attorney general's office in New York that

would close what they argue is a loophole for the president to pardon someone like Paul. that would

work that would close what they argue is a loophole for the president to pardon someone like Paul Manafort,

Democrats up on Capitol Hill in the House and the Senate urging Republicans

to avoid the issue by also joining them and avoiding having the president part of them.

For the president's next 24 hours, he's set to have lunch with the Secretary of Defense and

then have an awarding of the Medal of Honor later this afternoon.

The President, while speaking last night in West Virginia, prior to that speech, criticize Paul Manafort,

the manicure, criticize Paul Manafort

in saying, or I'm sorry,

...