Summary
Bloomberg senior White House reporter Josh Wingrove discusses the first-ever Republican midterm convention in Dallas with Julie Fine. He says Trump is leaning into the event to raise money and reframe the narrative, but vulnerable Republicans are caught between needing his base and distancing from his unpopularity. The discussion covers competitive Senate races in Texas, Michigan, North Carolina, Maine, Iowa, Ohio and Alaska, along with Trump's polling weakness and tariff backlash.
- Republicans are holding their first midterm convention in Dallas as Trump tries to raise money and rally his base.
- Wingrove says midterms are historically unforgiving for sitting presidents and Republicans risk losing the House and possibly the Senate.
- Vulnerable Republican candidates face a dilemma between needing Trump's base and distancing from his unpopular record.
- The Senate map has shifted, with North Carolina likely to flip Democratic and Michigan emerging as a key battleground.
- Texas Senate race with Ken Paxton is more competitive than Republicans expected.
- Trump is polling underwater on issues including the economy, immigration and tariff decisions such as lower beef import tariffs.
- Republicans hope lower gas prices and a contrast with the Democratic brand can improve their midterm prospects.
- The Dallas event is described as closer to a multi-day Trump rally than a traditional convention, competing with the NFL.