john: i'm john heilemann. mark: with all due respect to sepp blatter, you can count on our support for the right price. ♪ mark: on the show tonight, the music man -- bernie sanders faces the music and the ed gillespie musical. the latest news from the indictment of haster. he allegedly paid a younger male hush money to conceal sexual misconduct that occurred during his time with the high school wrestler coach in illinois.

not much new being reported today. lots of unanswered questions. where is this story going next? john: i think it is rapidly going towards the ways where we know everything it actually occurred. we know something about the timing from the indictment. it is important to know that what he is accused of took place after he took office. he was not engaging in the activities during speaker of the house. the activity goes years before that and we will find out what we wanted to know and didn't want to know after this. mark: a lot of people are talking about the human tragedy involving hastert and this other person. it is what the people know and when did they know it will get a lot of attention regarding his time in the speakership. john: there is no doubt about it. we will get another look back at the clinton impeachment drama and the personal scandals that enveloped newt gingrich bob

livingston and hastert who the republicans turned to because they thought he was clean. it turns out he was not. we will see the history in a revisable lens. mark: when there is an indictment like this, people say they are shocked in politics. your hearing a lot of that today. we will see once more facts become known. john: the presidential candidates should form a band. mike huckabee on the bass and martin o'malley on the acoustic guitar. the ex-maryland governor is announcing this is how we let everybody know -- ♪ john: i give that performance a "b" for style. does martin o'malley have a chance of supplanting bernie

sanders as the predominant hillary alternative? mark: i think he does. the problem he has is that sanders has outflanked him. he is turned out to be the hit p and cool candidate and the one most aggressively going after hillary clinton. he has turned out to be the liberal inheriting the elizabeth warren mantle. o'malley has his work cut out for him. john: we will have our joint scouting report coming out tomorrow. we both agree on this. o'malley is a guy that is positioned himself a little to the left of hillary clinton but not far enough to the left to capture the heart of the far left of the party. moreas this think of as bernie sanders' platform or else he would not have enough of a chance to pick up insurgent votes on the far left. mark: here's the thing about martin o'malley -- he is super talented. the president almost no days

where he has shown how talented he is. there is a reason why bill clinton singled him out years ago as somebody that willcan be president someday. john: we have heard a little anecdotal evidence of people being excited in iowa. he is probably a better fit in iowa than bernie sanders. if you can catch fire there he will have a chance. mark: speaking of bernie sanders, when he was 30 years old he wrote an essay called "man and woman" which open to graphic references to rape and sexual assault. john, many people on the right and some on the left are not really happy with his essay or excavations about what he wrote. are his words are problem and should they be? john: i have read the essay four or five times and i have a tough time making heads or tails of it. his office says it is satire but

that does not mean it is not a real story. there is no statute of limitations on residential politics. i think it is a legitimate story. he should talk about it -- bernie sanders, not his office -- he needs to express this and explain what he was thinking when he wrote this. john:mark: this is something that if he is going to play in the big leagues he will have to deal with. i suspected if he show strength, there will be rival campaigns for his fast. past. this essay has generated a lot of conversation in our office today. in politics sometimes you have to just answer questions. he needs to address this himself and say what he was thinking and what he things about the things he wrote in the essay. john: i know we both agree about this which is if a republican any republican candidate wrote

an essay like this whether they were 16 years old and high on dope or two weeks ago, it would be a huge scandal. we need to hold bernie sanders to the same scandal. he needs to address it. it is a confusing essay -- there might be some plausible explanation for what he was trying to do, but he has to make that argument himself. the great lady reports the clinton foundation sent an invoice for $500,000 to a charity that it given bill clinton a lifetime achievement award. today, the big dog is playing defense and wrote his supporters saying "as you all know, it is the political season in america so the impact of your support makes possible has been largely ignored in the recent coverage of the foundation." and laid out the amazing work

the foundation has done. which democrat will soundtand up for the clinton's? s? nancy pelosi. nancy pelois: i believe thereir participation increased the take and it is for a good cause as well. everyone benefited from it. no question, it raises questions have to answer. john: ouch. with friends like that who needs enemies? which of these three developments are the most ominous for hillary and bill clinton? mark: in 2008, nancy pelosi was often not the most supportive of democrats hillaryfor hillary clinton. in both cases, you have people speaking out and being critical of the clintons and not helping them in a way that is ominous because if people are not afraid to say what they think and what they know about the clintons' past practices, they will have a

tough time emerging from the general election campaign. john: i think it is unequivocally the third story. everybody looks at the clinton foundation -- the thing with the charity is sort of shocking. the fact that nancy pelosi is not being more robust in the defense of the clintons. she is a canary in the coal mine. if other democrats do not defend them, they have a real problem. mark: all right, coming up this weekend tomorrow night at 6 p.m. a new iowa poll. you will see who is leading the leaderboard on the republican side and who has the biggest potent challenge to hillary clinton and the hawkeye state. that is 6 p.m. tomorrow night. check it out on bloombergpolitics.com. coming up, anded

gillespie's triumphant return to the political square right after this. ♪

mark: our guest tonight once upon a time was chairman the republican national committee and a longtime advisor to many leading republicans, including george bush, mitt romney and john kasich. last year, he was a candidate for the united states senate from virginia. ed gillespie joins us now from the washington bureau. america is used to seeing a lot of you on television. where have you been? ed gillespie: i have been making up for a little bit of lost time with kathy and our children. i have been trying to get a business up and running. i'm actually been working on a book. that is why i have been a little scarce and frankly did not have a lot to say. i have been laying low. mark: we will give you a chance to say a bunch of stuff, including about the very large

republican presidential field. what is good about having a big field as far as you are concerned with winning back the white house? ed: it reflects the fact it is a nomination worth having. the republican nominee will have a very good chance of becoming the next president. obviously, i believe that is important. it is good to have fresh faces, new voices in the party. there was a good back-and-forth over ideas and policies. the party is being pressed to think fresh and i think that is a good thing for us. as far as i am concerned, the more the merrier. john: we know you are mr. positive so we will as he does say some positive things about the member of this big field starting with marco rubio. tell is one thing he has done in the last four months that has been positive in his chances of being the next president and what he should do to improve his chances. ed: i think he had a very, very

strong announcement and rollout. i hate that term but that is the term that is mostly used. it reflects the fact that marco rubio is somebody who is an incredible messenger in our party, has a great story to tell and has a grasp on the essence of america. i'm first-generation american likem marco is. i think he intuitively grasps the notion of upward mobility and opportunity as a very strong appeal to younger voters. mark: what is something he could do in the next four months to improve his position even more? ed: flesh out policy positions. mark: governor bush? ed: i think his speech at liberty was really thoughtful, very good. other speeches as well. i think he has been giving substantive addresses. mark: what is something he could go forward to improve more?

ed: i think he is someone that people need to get to know him a little better. john: i will ask you about two guys that have hot hands. one is scott walker by some measures, the republican front-runner. what has he done that is smart to get where he is and what can he do next? ed: i think he has done a very good job of adding to his executive credentials ainand his state record is representing a grasp of policies. yet they continue to build organization and build out on the ground in iowa new hampshire, south carolina, but he is a top-tier candidate. john: the next guy on the list would be ben carson. what has he done right and what can he do next? ed: i think ben carson's story is so compelling. he has an ability to tap into a

lot of the concerns that so many americans have about the direction of our country. he comes at it from a very different perspective, from someone who has been a governor or senator and has run for office before. i think that is appealing. going forward, he will have to lay out policies, specific policies. mark: guys with distinctive messages -- one is governor h uckabee. ed: to me, he is someone that the elites and experts underestimate, always have. i think for governor huckabee it is important for him to make clear he is an all-around candidate. social issues, economic issues and national security. mark: rand paul, what has he done and what can you do? ed: i think he has done a great job of pushing the party to thing fresh on a number of issues. going fo herward the is made

a strong stand on national security. he is a little crosswise with many in the party. he will do well to also layout his positive agenda which i know he has when it comes to economic growth and energy policy, health care and other issues as well. john: i have two more. one from inside the senate and that would be senator ted cruz from texas. what has he done right and what will he do next? ed: he has incredible grassroots support. he demonstrated his intellect and his understanding of the issues. we know his story as well. first-generation american also. i do think that the more people know about ted the person, the better that will be for him. john: let's go way outside the senate to carly fiorina.

what has she done right so far and what does she have to do next? ed: she really has a lot of buzz and generates a lot of enthusiasm. people ask me -- i hear her name a lot and people say do you know carly? i do know her. she has a very strong message on the corrosive missnjessness of big government. she suffers a bit from the size of the field because she has to make sure that more people understand she is a viable candidate which i believe she is. mark: your friend, the governor of ohio john kasich. ed: the first thing he has to do is decide to run. he has a great track record obviously. he does have experience to bring to bear here. for him, it is a matter of izzy in or not? mark: if he does get in, what does he need to do? ed: at that point, you need to

have a big announcement. he needs to have his rationale for candidacy which i think i know what it will be. he has one chance to make a first impression. it is a first impression for a lot of the country and republicans. he needs to get that right. john: back in 2012 and before that, you have been a big advocate for the notion of the republican party broadening its appeal -- hispanics and others -- the party itself seemed to grasp that at the end of 2012. i'm curious whether you think the party has done enough or if it is done anything at all to improve its image with those kind of groups over the course of the year since governor romney lost. ed: parties do not really do that. they have ideas and theories and have data. candidates do it. i see candidates doing that all across -- we have elections in

the commonwealth of virginia this year and across the country. i see republican candidates who look more like america today and more closely reflect our growing diversity in our society. more women candidates running which is a good thing for us. i see candidates taking our message to places that too often republicans have ignored and democrats have taken for grant it. ed. mark: the man we call mr. chairman. welcome back. it is great to see you back in public. ed: thanks for having me on. mark: when we come back, john heilemann goes all rock 'n roll for the hall of fame. >> hello, cleveland! ♪

john: martin o'malley released a

video today where he picked out a familiar tune on the guitar. it is charming but then palin he is not -- van halen he is not. we took a trip to cleveland, home of the rock 'n roll hall of fame, and watched as they set up their annual induction ceremony which debuts tomorrow at 8:00 on hbo. a lot of incredible artists and some of the musical artifacts that makes the hall of fame a temple of wonder. ♪ >> ♪ satellite of love ♪

john: everybody in the business wants to get into the hall. when you think about what qualifies to be in the hall, there is no objective, right? john legend: make great music and you need to make an impact. you cannot be great to a small number of fans. and needs to impact the world in some way. john: we have them watching these myrtles for the past few days -- these rehearsals for the past few days and it has been amazing. stevie wonder exited the stage after doing incredible version of "no sunshine when she's gone." fabulous. this moment unfolding behind me is a different kind of moment. the state is filled with people. two beatles -- paul mccartney

and rigo star getting ready to do their performance. the whole atmosphere around the musicians and crew has been electric. the presence of two beatles on this stage and they had not even played a note yet. ♪ john: rock 'n roll is the art form of our generation. >> we support the museum here in cleveland. we run the whole nomination process. we raise money and help everything they do. john: the scale of it is titanic and it is amazing the stuff that is there. ♪ john: what is amazing about this place -- it is a little overwhelming. i feel like i can spend three days here and see only a third. green day, the youngest band of this set of inductees. billy joel armstrong, the voice of a generation political.

>> ♪ everybody hears the propaganda sing along to the age of paranoia ♪ john: american idiot is a full frontal assault of the bush administration. an explicit political album. and later became a broadway show. that is what happens in america. music turns into mass commerce for a broadway audience. joan jett, thank god that woman is in. she has been iconic for a long time. the notion that cana woman that can play a mean axe was something that was not fully appreciated until she came along. she showed she can hang with any guy. the highlight for this year show for me lou reed finally being

inducted. it opened people's minds listening to him. i'm most of sask with this outfit. -- obsessed with this outfit. ringo starr wore it and looked like a million bucks. we are on the red carpet. almost showtime. it is about to start in a few minutes. green day is behind me. finally, it is time for the show. ♪

♪ john: you can catch the entire incredible thing tomorrow night at 8:00 eastern on hbo. tune in for the entire inductions are moaning. ceremony. thank you to everybody at hbo that helped us set up that preview. we will be right back. ♪

mark: a lot of milestones politically this weekend. the final episode of "face the nation." we had fun with bob off the show

and on the air. he has been an incredible colleague. tomorrow, you can head to bloombergpolitics.com for the big martin o'malley announcement streaming live. until tomomorrow, sayonara. ♪

host: we are moments away from the closing bell. you are looking at stocks falling for a second day. one point it was below a 50 day moving average. health care is the top performing sector