>> Stephen: HEY, EVERYBODY.

WE'RE BACK WITH THE HOSTS OF "THE DAILY PUNCH," ANNA PALMER

AND JAKE SHERMAN.

OKAY, YOU JUST STARTED A NEW NEWS OUTLET CALLED "PUNCHBOWL

NEWS."

WHAT IS IT?

>> PUNCHBOWL IS THE SECRET SERVICE NICKNAME FOR THE

CAPITOL, WHICH WE'VE KIND OF LONG BEEN OBSESSED WITH.

AND OUR THEORY OF THE CASE IS THAT THE CENTER OF THE POLITICAL

UNIVERSE IS THE CAPITOL.

IT'S KIND OF OUR ONE BIAS.

AND OUR MOTTO IS, "POWER, PEOPLE, POLITICS."

WE VIEW EVERYTHING THROUGH THE LEADERSHIP OF CAPITOL HILL--

KEVIN McCARTHY, MITCH McCONNELL, NANCY PELOSI, AND

CHUCK SCHUMER, HOW THEY OPERATE AND EXERCISE THEIR POWER.

WE THINK THROUGH UNDERSTANDING THEM AND UNDERSTANDING THE

LEADERSHIP AT THE WHITE HOUSE AND HOW THOSE TWO INTERACT YOU

REALLY UNDERSTAND WASHINGTON MUCH BETTER.

WE'RE KIND OF OBSESSED WITH THOSE FOUR PEOPLE AND TRY TO

FOLLOWING EVERYTHING THEY DO AND EVERYTHING THEY SAY BEFORE THEY

SAY IT.

>> Stephen: POWER, PEOPLE, POLITICS.

POWER IS FIRST.

WHO HAS THE MOST POWER RIGHT NOW?

>> I WOULD SAY NANCY PELOSI.

SHE'S BY FAR ONE OF THE MOST, IF NOT THE MOST POWERFUL PEOPLE IN

WASHINGTON.

NOTHING IS GOING TO HAPPEN IN JOE BIDEN'S WASHINGTON UNLESS

SHE IS ABLE TO GET IT DONE.

I THINK PEOPLE OFTEN MISREAD HER AND HER ABILITY.

JAKE AND I OFTEN SAY YOU DO THAT AT YOUR OWN PERIL.

BECAUSE SHE AND, ACTUALLY, MITCH McCONNELL, ARE MORE ALIKE THAN

NOT.

THEIR POLITICS COULDN'T BE FURTHER FROM EACH OTHER, BUT

THEY BOTH PICK A POSITION, AND THEY JUST WORK TOWARDS IT

ENDLESSLY.

THEY AREN'T, LIKE SO MANY LEADERS, GIVEN TO THE WHIMS OF

THE DAY OR W THE NEWS CYCLE.

SHE WILL OUTWORK EVERYONE.

SHE WILL BE IN THAT POSITION AS LONG AS POSSIBLE.

SHE HAD A LOT OF SUCCESS WITH DONALD TRUMP IN TERMS OF PUSHING

BACK ON HIM, SO SHE WILL BE HUGELY IMPORTANT OVER THE NEXT

TWO YEARS.

>> Stephen: THEIR WEBSITE IS punchbowl.news AND THEIR PODCAST

IS "THE DAILY PUNCH."

ANNA PALMER AND JAKE SHERMAN, EVERYBODY.