>> i'm nicole wallace. >> i'm john heilemann and with all due respect to mark wallace, after your candidacy, it might look something like this. >> happy "game of thrones" belated spoiler alert, fans.

tomorrow, indiana republican primary and team cruz needs to snowas much as john needs a fresh pair of pants. that's also funny. [laughter] writers today.pt ted cruz unleashed an army in indiana. he did it with mike pence, carly fiorina, and senator mike lee. there is a mystery why. shows that donald trump leads the primary with 49% my ted cruz at 34%. the texas senator also has a new ad calling from a liar and a p honey. this morning he said despite the odds, he could still become the nominee and he sparred with

hecklers holding trump signs. sen. cruz: i am in for the distance as long as we have a viable path to victory. i am running to be everyone's president. >> we don't want you. sen. cruz: you are entitled to your respect -- to your perspective. >> do the math. you wanted kasich out, now it is your turn. cruz: trump is not going to get 1237. >> he is going to get more than 1237. you are the problem. where is your goldman sachs's your wife know that works there. sen. cruz: actually i was supported by an average conservation of $60. on immigration, donald trump had a $1 million budget hiring

illegal immigrants. he is bringing in hundreds of foreign workers instead of hiring americans. don't want you. sen. cruz: you are entitled to that view, but i tell you -- [inaudible] -- ica is a b >> america is a better country without you. sen. cruz: thank you for that kind sentiment. i treated you respect with the entire time. the question everyone here should ask -- >> ted cruz right now looks to everybody's eyes like he will lose in indiana. political fallout is obvious, donald trump hasn't had a bed tuesday since wisconsin and donald trump keeps rumbling on, but i have been inside a campaign in her final days and there are things that you know and things that you say and i got the distinct impression, watching ted cruz, he did a

couple of rather strained interviews with mike pence, who gave the most halfhearted and/or spent -- endorsement. looking like quarter heartedness. it is hard to think of ted cruz as a human in the same week when john boehner called him lucifer. analyst.is a savvy i think he knows what will happen. the ted cruzth campaign and the john kasich campaign understand what is going on. i would not be totally surprised to see if it is a shellacking, or more. it is not outside the realm of possibility that ted cruz will quit. it becomes very hard.

the math becomes very hard for ted cruz to become -- to stop donald trump getting to 1237, let alone stop the nominee. he may go on, but the whole race on wednesday will look wildly different. trump will get endorsements people do not expect and the race will look like it's over if this happens. >> and it doesn't look like they will be respectful. >> this is the last stand. >> the last region. >> he won int he northeast and the south, and we will put all her money here, it will be like wisconsin -- oh, we lost by 15. >> there are a lot of cards you can play in politics. the race card, the electability

card, and of course, the woman card. that card has received a lot of attention thanks mostly to donald trump stepping up his attacks on hillary clinton. the womanhillary, card, here is what happened. trump's sweeps to say's primary and says if hillary were a man she would not hit 5% of the vote and the only thing she has going is the woman card. hillary applies by saying a fighting for health care and paid leave is playing the woman card then -- >> deal me in. >> then he ups the ante and said she would not be doing as well if she were a dude. he says it is not sexist, it is true. >> what is wrong with being sexy? >> everyone is talking about the woman card. >> the woman card. >> on friday, she says she is used to dealing with men who get off the reservation. tweets herump

comment is very nasty. fyi, now some native americans are upset. -- hillary clinton raised $2.4 million after trump's woman comment. what is he up to? >> there is this sense that there are people in the political, intellectual world -- >> who have so much influence. >> who are explained this as trump trying to do a jujitsu thing, and hillary's strength is as a woman, and he will turn her strength against her. i think it is not that strategic. it feels more visceral than strategic. i don't know if it is effective and whether it does anything to solve his woman problme that he has. >> this is in the same vein as his megyn kelly attacks. this is a personal attack against someone who bugs him. most of the women voters are

unavailable to any republican, especially donald trump. what he needs to improve upon is his standing among married women. careful bye very saying that all the reason she is in this is because of the women -- because she is a woman. no woman in workplace feels like her gender gives her a boost up. he has to be very careful. >> most immigrants will win with women voters. >> you cannot win unless you shrink it. >> in essence, there are security bombs out there, who are worried about the world melting down. it continues to strike me that he is not taking seriously this problem enough. hethey hear him say what think's is being demeaning about gender, it will shut him down completely.

the rampant beefsteakology swirling around him is unavoidable. even if you would prefer to name himself as his own running mate many are speculating about who that person would be. there was a new york times story this weekend in which a few great mention her's offered a few great mentions, but the story also suggested a number of kasich,ndidates, john jeb bush, scott walker would decline the position if offered. put aside the mindless guessing game. as a matter of political strategy, should be the criteria that trump uses to select running mates? >> think he has been astute in fillin gig in what he needs. plenty.s from the hip if he has someone more stable and steady by his side i think that would be a 100% asset for

him. but you just talked about the security vote. whether he looks to the military, to a formal general. i cannot think of a sitting governor as a woman who would be available to him and would be a good running mate but there are a lot of people who served in the military who would shore up his most glaring vulnerability. >> you have to pick someone who the voter sees and media filter sees as ready to be president from day one. the other thing is that though he does have an advantage over clinton on strength, he does not in terms of qualifications. to me, that is the biggest problem. if you can get the qualification shored up a little bit, with his strength, you have a potent hand. in another direction you could fall down. >> by saying he gets all of his military information from the sunday shows. he can tune in one sunday and

pick one. >> i have been on the sunday shows. you should not be getting security advice from us. >> i'm with you. when we come back, the democratic race in indiana and bernie sanders's delegate sales pitch.

john: welcome back. so much for bernie sanders's plan to shift time and resources to california. the vermont senator was back in the hoosier state today, holding

rallies, as polls suggest that maybe, just maybe, he is starting to close the gap with hillary clinton in indiana down the final stretch. the new poll now shows him trailing her by only four points. 50% to 46%, within the margin of error. meanwhile, clinton has moved on to other states. today she is campaigning in kentucky and west virginia, which vote on may 10. tomorrow, she will be in the general election battleground state of ohio. nicole, i asked you before what would happen if ted cruz loses tomorrow. what happens if hillary clinton loses? nicole: well, because it's the way democrats take their nominee, he's out of it, it's over. if i could reach this table with my head, i would bang it on it. he is now mathematically eliminated. i share this with you before. one of the mysteries is why democrats treat him so gently.

nejra: i remembered clinton getting a lot more pressure to get out of obama's way. john: first of all, i think it's the case that this did happen in 2008. hillary clinton kept fighting -- nicole: and winning. john: and not just texas, but won late states, with huge margins -- west virginia with these margins, indiana. she fought on even though the map was impossible. he has a right to go on like that. i think the main reason he's handled with kid gloves is because of the fact that he is connected with a set of voters she absolutely needs in a general election. the future of the party. the one thing sanders said that is unequivocally true is that young democrats have been drawn to him much more than they have been drawn to her. she needs that essentially; the democratic party knows they need them. no one wants to be to mean to bernie sanders for turning off that subset. nicole: i think the problem is that trump is now echoing and

telegraphing all of sanders's attacks on her, which is not helping. dangerous territory. bernie sanders knows he is fighting an uphill battle for the democratic nomination, but he is not letting that getting in his way. this is who he says should back him in the case of a contested democratic convention, regardless of who walks in. here's sanders making the case today at a rally in evansville, indiana. sen. sanders: the point that we are going to make to the superdelegates, all of whom share that same understanding, is that poll after poll, virtually every single national poll, every single poll in a battleground state like indiana, you know what those polls show? they show that by far, bernie sanders is the strongest candidate that defeats donald trump. [cheering] nicole: my mental images that bernie and jane and donald in the tv row, flipping through the polls -- what gives?

john: i don't know if bernie sanders believes a word of this, but it's insane if he does. one, superdelegates will look at the end of this and have hillary clinton winning the popular vote are not going to overturn the will of the democratic electorate. the second thing is that these calls are clearly bogus. hillary clinton has been subjected to 30 years of attacks from republicans; bernie sanders has not. of course -- nicole: they know he isn't going to win. [laughter] john: of course he does better in these hypothetical election polls. they are dubious to begin with. if you look at the asymmetry between what they know about sanders versus clinton. do you find this persuasive? nicole: no. john: if you were a superdelegate, what would you say to sanders? nicole: pound sand. it's locked up. i say go get some young people

to register to vote for her, because they aren't reliable. is the serious point; he could actually be helpful to her. i think he has paralyzed the system. i think the white house is being cautious, and i think he -- as a republican, i shouldn't care, or but just watching this, i can't help but feel that there is a gender piece to him getting treated with a lot of tenderness when she was harped on to get out. john: i don't fully disagree. up next, we go on the ground in indiana to preview trumps rally tonight. we are joined from south bend. ♪

john: rally sons of notre dame, sing your glory and sound her fame. we are joined by kate. who is covering donald trump's victory i don't know why they march. made me do the notre dame fight song, but i was happy to do it because you are there. ted cruz is doing a lot of stuff in that state, ted cruz doing -- donald trump is doing a bit less. the trump campaign is watching the ted cruz campaign pretty carefully. what do they think right now, what they are seeing from ted cruz in these last 24 hours before the vote starts? >> they believe it is an act of desperation, going up to a trump supporter and arguing with him is evidence of that, according to the campaign. you heard donald trump on the stage a few minutes ago in indiana, thanking that guy, asking if he was in the crowd at the rally. the campaign feels

extraordinarily confident about indiana. they felt confident last week; they feel more confident now that they are up 15 points in the nbc news marist poll just out on yesterday. they are already starting to look ahead toward the general election. they say they will be running a general election campaign from now, regardless of whether or not ted cruz or john kasich are still in the race, and you are seeing that because donald trump is already trying to woo in bernie sanders supporters. he is talking about how the system has been unfair to sanders, trying to say that they are both outsiders. it's not clear how much support he will get from the bernie sanders cap. there is anecdotal evidence that there is crossover support out there but i don't think it's necessarily a widespread thing. you are also seeing him attack hillary clinton even more than he already has. today he had lunch with the infamous anti-clinton author down in indiana. regardless of whether or not

they win in indiana, they are starting to formulate their general election campaign. they are even started to talk about vice presidential picks and they haven't done that until now. they say this week is the week that donald trump will sit down and try and see who is out there be the best fit for his campaign. nicole: katy, i am wondering if trump feels any satisfaction from the fruits of his meeting with governor pence. he went ahead and endorsed cruz, but it was so halfhearted that trump and got the better end of it. i wonder if he thinks this is a model, if he wants to go into these states and meet with establishment figures to get their endorsement or if he sees a benefit with working with the establishment. >> i was so happy to hear your voice, nicole. i don't know if you saw my giant smile. nicole: [laughter] >> as to what you are saying, i

they are seeing, governor pence, even though he endorsed ted cruz, he did first speak about donald trump and he spoke glowingly about donald trump. is facingbecause he his own reelection and realizing that the state is going more toward donald trump, and he is trying to walk the line by satiating his more conservative supporters. and potentially the rest of the state. i think they see that as a model of success going forward. they haven't necessarily needed endorsement this campaign, though. they haven't gone after them with as much fervor as the others. initially they weren't expecting many endorsements, but now that he has won so much, the momentum is on his side. now that it seems like an inevitability, they believe -- and many outsiders believe -- that the dominoes are going to start falling in his direction, that they will get more endorsements, boehner saying he

would vote for him was certainly something they are happy here, as well as senator bob corker coming out and saying he may endorse, taken by a lot to sound like he could endorse donald trump. going forward i think they would like to have more endorsements but they don't necessarily need them. i think the popular pop-culture endorsements have served them better in a lot of ways. look at indiana. gene keady of purdue, notre dame, and bobby knight. those three sports legends have served him better than the government has. john: you mentioned endorsements, and i know the campaign has spent some time trying to line up big endorsements for after tuesday. wednesday i think will be a very big day in trump world. do you have a sense of how they are orchestrating that day and the rest of this week on the premise they will win tuesday night? what did they think the rest of that week will be for them, to send the signal loud and clear, as strong as possible, that the

race is over and it's time to rally around donald trump? >> i think you have better information than i do. i don't know who they will be come wednesday, but i know that they have often pounded a big announcement and to come out with it later in the day so the news cycle, so they can dominate the news cycle, and then dominate the next day's news cycle. but in terms of who those endorsements will be, i think you have maybe a slightly better inside track than i do. john: i think it will be a pretty big week. nicole? nicole: what is the plan for tomorrow night? will he go west wing presidential style, like he has recently with flags behind him? will he mix it up? >> i think it is whatever he feels like. tomorrow is going to be a big night for him, and he is feeling confident. i think you will see the usual donald trump, the anti-establishment donald trump, who will come out and attack hillary clinton.

but if he does win by a big margin, we have seen him be gracious in his winning speeches, especially this one. this could be the nail in the coffin. if it is, i think donald trump will come out and congratulate cruz on a campaign well done, much as we saw him do with marco rubio. john: you are resplendent in purple. say hello to those fighting irish for us. up next, can ted cruz get a sink a buzzer beater in the hoosier state? we will find out after this. ♪

john: let the record show that our next guest is ted cruz's

campaign manager of delegate operations. nicole, if you are ken cuccinelli -- nicole: it has been one of the most successful aspects of this campaign. john: how much are you looking at what is about to happen conceivably, thinking of all of this work we just put in, wrangling all of these delegates for the second ballot, all of it to get blown away in the trump hurricane? nicole: it's pretty crushing. the reality is, once you have worked on these campaigns -- this has been one of the most successful aspects of the campaign. unfortunately, for the cruz effort, it became part of the trump campaign. trump turned it into part of his message about a rigged system. john: usually, the ideal politician when you are running for office, you have a great outside game and inside game.

nicolle: obama, bush. john: they were both great. in this cycle, uniquely in my professional experience, it's a cycle in which the inside game is a liability. you can't have a good inside game without compromising your outside game. cruz has problems, but that is a big issue. nicolle: he ran a near-perfect campaign, and the campaign, if they are not successful tomorrow, they can say they did everything in their power. it sort of like the "wizard of oz." one candidate represents the heart, the other, the brain. john: one of the things that is powerful about trump's argument, we have acknowledged, the system is rigged. a rigged system doesn't mean there is something wrong. the rules are all laid out for all to see. both the democratic system and republican system have been weighted towards allowing the

establishment to control the system and putting their thumbs on the scale. here's the question as someone who has been a republican her whole life. you think that system can survive, no matter who the nominee is? is that a way of electing republicans that can survive after trump, in 2020, 2024? nicolle: by instinct would be to say trump burns all the boats, but once you win, you don't have as many problems. if trump prevails, it's harder for him to say, let's change everything. the people who have grievances with the system aren't in a position to change it, and the people who thrive despite a rigged system don't have the appetite to go through the work to change it. john: if trump becomes the nominee and wins the general election, then trump will obviously have control over the system in the next cycle. if trump were to win and to lose, it would be an interesting

question -- who will then be ascendant? will the forces of populism that have been unleashed by trump, will they be the dominant forces going forward and therefore insist that the system be changed in some profound way, or will the establishment regain control and say, trump had his fun, and look where he got us? then the republican establishment can retake control and keep the system basically intact despite the criticism it has received. nicolle: i think the republican establishment is dead. i don't think it can be revived. what the trump movement will burst is a new republican party that is more rooted in our base. when you talk about republican grassroots, you are usually talking about social conservative issues. the nra lobby, the culture of life. i think the base will be expanded to include economic populists, and i think that is a good outcome of trump's

candidacy. john: let's bring in ken cuccinelli. we were just talking about your job. you are part of the cruz campaign that has been admired by political professionals. the part you have been working on. at this moment, it doesn't seem like it's going to be enough to stop the gale force of donald trump. how are you feeling about how things are setting up for you guys? ken: we are a grassroots-based campaign. one, the elections and caucuses that take place, and also the convention process i work a lot in is built on the backs of people who believe in ted's vision for more freedom from government. i heard the comment about economic populism. part of that is crushing the regulatory state and apparatus as best we can. ted has a plan to do that, as

well as a plan for economic growth. it's those issues that conservative activism is built on and that our grassroots success has been built on. nicolle: can you help explain where this gulf is between his hand to hand, and winning delegates, getting them to agree to vote for you when a second ballot -- it's really hard -- yet john boehner calling him lucifer -- the public persona is terrible. the one-on-one ability to connect is unrivaled. can you explain the difference? ken: it's interesting. i was at the virginia convention saturday for 10 hours, and in my three minutes of remarks for senator cruz, i focused on what boehner said. i said, have you ever seen john boehner have this passion fighting barack obama? cruz and trump people,

resoundingly, no! have you ever seen him have this kind of passion protecting our border? no! there is a very universal loathing for current washington leadership of both parties, and ted has fought it day in and day out. nicolle: let me challenge you on that. it's not just that people disagree with him at a policy level. they dislike him personally. that's different. the grassroots are not immune to any lack of charisma. why do they see it and nobody does when watching him on tv? what is it that people in the senate do not pick up? ken: certainly, i think a lot of people in the senate and the house, they are part of the problem. the majority of members of the republican senate and republican house caucuses are part of the problem. they are not part of the solution.

ted cruz has challenged those people day in and day out, and they don't like being challenged. they don't like having a measuring stick put up to them saying they are not the conservatives they are when they go home to their districts. they are slow to embrace a ted cruz, he has been part of the problem in their political world for a long time. they count on keeping their people in the dark and feeding them crap, and ted cruz doesn't let them do that. he doesn't let them do that, and a lot of people appreciate it. it's a big part of the base of ted's support. the irony is that so many people who wanted ted to fight and appreciate him doing it are some of the people who say, well, not everybody likes him. well, that's true, but if the john boehners of the world are the ones who don't like him, that should be assigned he's doing something right. john: you don't dispute the fact that ted cruz has gone all in on

indiana? ken: it's the only state up tomorrow. we certainly have put more resources there than any other state right now. we have people in the basket. we have people in california. we are campaigning in other states. john: if ted cruz loses tomorrow decisively to donald trump in indiana, what is the argument? what is the argument for going forward for ted cruz if he loses by the margins the polls suggest he will? ken: look, we have only had one state that was a must-win, texas, and he won resoundingly there. until donald trump crosses 1237, this competition goes on. it's a competition of ideas and more than that. you talk about charisma. there are elements going into this, and people change their views of this as the days go on.

we continue to build at the grassroots level on ted's vision. we will try to bring it over the top in indiana tomorrow. whether we do or not, we are going to go on to california and to cleveland. john: ken cuccinelli, as the millennials say, ttyl. nicolle: i don't know what that means. john: coming up, we will get the downlow from dnc chairwoman dws. brb. ♪

senator sanders: when we talk about a rigged system, it's important to understand how the democratic convention works. we have won at this .45% of

pledged delegates, but we have only earned 7% of superdelegates. in other words, the way the system works is you have the establishment candidate who wins virtually all of the superdelegates. it makes it hard for insurgent candidacies like ours to win. john: that was bernie sanders in evansville, indiana, railing against the nomination process. joining us to talk about the race and that process, dnc chairwoman debbie wasserman schultz. nice to see you. why is bernie sanders wrong? rep. wasserman schultz: bernie sanders is wrong because we have had these rules in place since 1984, and we have two types of delegates. we have delegates that are pledged, elected by voters, and then we have party leaders and other elected officials who have

been in the trenches for a long time and have a role in choosing our party's nominee. it's important to note that the unpledged delegates or superdelegates have never played a role in selecting our nominee. john: can you explain why he's wrong? i understand the history of the system and that the system exists and that he should play by the rules. his critique of the system is that it's rigged, stacked so establishment politicians benefit and insurgent candidates are at a disadvantage. is that wrong on the substance? rep. wasserman schultz: of course. it's never been correct that our party's nominee has been selected by superdelegates. nicolle: why do you have them? we will take them if you decide to get rid of them. [laughter] it seems like you give him an excuse for staying in. he is clearly doing her harm. i watched the interviews.

he's doing her harm. trump is picking up these lines of attack. why don't you guys -- why can't you control his desire to stay in? rep. wasserman schultz: this election is going to be decided by voters who are going to vote because they care about who is the one who will ultimately have them back and help them reach the middle class. i'm not going to handicap how the primary plays out. it is appropriate, and our democratic national have decided it is appropriate, to have elected officials and party leaders to have a role at our convention, and the pledged delegates elected by voters. they are both important, and this is important to note, which i have said repeatedly. if it was -- it was decided a long time ago to have superdelegates because otherwise you would have, at the district level when you have activists and other people who want to go to the convention and become a delegate, you end up, if the

only way to become a delegate is for every one run at a district level, how is an activist going to compete against an elected official who is much better known? nicolle: can you play a fantasy game with me? i'm an establishment republican. these are grim days. if she loses by a smidge to trump, is it fair to look back and say, if sanders hadn't done damage to her by questioning her ethics and qualifications all spring, it might have turned out different? rep. wasserman schultz: no, because hillary clinton has earned 10 million votes. she has more than one million votes more than donald trump. coming out of the last five or seven of our primaries, our voters have said they are enthusiastic about supporting either one of our candidates. 58% of the pennsylvania republicans coming out said they thought their party have been harmed by their process. nicolle: trump wins, no fault to bernie. rep. wasserman schultz: i don't think donald trump is going to

win. nicolle: fantasy game. rep. wasserman schultz: that's a nightmare, not a fantasy. i think voters are going to make a decision based on who they think is going to help move us forward. john: i want to ask you about two other critiques of the democratic nominating process. one is about same-day registration. rep. wasserman schultz: can i just point out there is some irony in him criticizing a process he says he wants to use to become the party's nominee john: irony alert. [laughter] is there an argument against same day registration in democratic primaries? rep. wasserman schultz: i support automatic registration. i support same-day registration, any of those reforms. we are the party that believes we should maximize people's ability to vote, and republicans believe we should trim the electorate. john: let me get to the second one which is about open primaries versus closed primaries. sanders says, these closed primaries are a disaster.

how do you feel about open primaries versus closed primaries? rep. wasserman schultz: how a primary is structured is decided by state law. john: how do you feel? rep. wasserman schultz: i absolutely believe a party's nominee should be chosen by someone registered with that party. we should not have independents or republicans playing games -- nicolle: crossover appeal. john: you are against open primaries in the system currently. rep. wasserman schultz: i believe that the party's nomination be chosen -- this is debbie wasserman schultz -- that the party's nominee should be decided by members of the party. i wouldn't suggest we start trying to change that in states where it exists, but we shouldn't have any more than already exist. john: i want you to come back at some point, and i want to talk about whether you think it's a problem that bernie sanders wasn't a democrat for most of

his career. rep. wasserman schultz: i'm happy to come back. we decided affirmatively that he should run, and we welcomed him with open arms. john: thank you for stopping by. up next, the golden state prize. the california primary preview with someone who knows what it takes to win in that state. if you are watching us in washington, d.c., you can also listen to us on the radio, bloomberg 99.1 fm. ♪

john: on june the seventh, californians will be among the final voters in this nomination fight in both parties. here to talk about how the golden state works on the democratic side is the former governor, gray davis, who has endorsed hillary clinton and joins us from los angeles. let me ask you to take off your pro-hillary clinton had and put on your political analyst cap.

the sanders campaign says california is right for the sanders revolution. how good of a chance do you think sanders has of winning your home state? gov. davis: i think bernie sanders is going to run a competitive race in california. i think it will be close. i think hillary will win in the single digits in part because of her years of service and the familiarity of californians with the clintons. the four best years of my lifetime were the final four years of clinton's term when we had a record surpluses and 22 million new jobs. i think she is the beneficiary of that, plus some admiration for her workcret as sey of state and as a united states senator. nicolle: it has been a long time california's vote has mattered in a primary. would you look forward to the general election and say it's going to have a difference? you think there will be any difference in november?

gov. davis: yes. when people go to the primary, they are likely to vote for that same person in the general if that person wins in the primary. i think it's like giving someone five dollars. you are invested in them. i'm looking for a big turnout on both sides. i think trump is likely to win on the republican side handily, and as i said, hillary wins in a narrow turnout. i think it's important to get people out and understand how important this is. the supreme court hangs in the balance. obviously, the presidency hangs in the balance. it's hard to say when that ever happened before. john: i am a native californian myself, and the state used to be a republican state. republican governors often got elected in california. it's been a while since that happened.

governor short was more of an independent. why do you think it is that in today's california republican party, why does donald trump look like the favorite to everyone who looks at your state from afar? gov. davis: he is speaking to a group of americans for whom the american dream is not working. i've always campaigned on john kennedy's remark, a rising tide lifts all boats. everyone has to feel they are experiencing upward mobility. there are americans on both sides of the political equation that are not experiencing that, and i think that is the overriding reason why trump is being successful. he says, i am a businessman, not taking contributions from

anyone, and i'm going to fight for the people who have been overlooked by the political establishment. nicolle: can you imagine a scenario where trump puts california in play? you seem to have your political analyst hat on today. gov. davis: i think it's very difficult. as you know, 44% of this state is hispanic. 26% of the vote is hispanic. we have more immigrants than any other state. he has offended a lot of people, and i'm sure the words he used in the primary are going to come back and hurt him in the general. i think the reservoir of goodwill that california has for hillary, the recognition of public service, remembering how good the last four years of bill clinton's economy were, i think those are strong currents running in hillary's favor. john: gray davis, great to have you on the show. we will be right back here even sooner. ♪

john: check out bloombergpolitics.com for all of your campaign 2016 news and previews of the indiana primary. thank you for coming in. will you come back? nicolle: i made you cry. of course. [laughter] john: up next, the cofounder of atari. join us tomorrow for our hoosier state election day coverage. until then, i will not cry, but i will say sayonara. ♪

rishaad: it is tuesday, may the third. this is trending business. i am rishaad salamat. we are going to take you to singapore to take a look at what we are watching. with japan on the break, asia-pacific stocks snap a four-day losing streak. it is also cut its dividends for the first time in seven years. the poor performance is partly blamed on ri c