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Speaker 1: Live from our Nation's All Talk here in Washington, d

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Speaker 1: C turns to President elect Joe Biden's administration. Historically speaking,

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Speaker 1: the markets have perform better when there is divided government.

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Speaker 1: The biggest pressure for physical stimulus is an off taking cases.

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Speaker 1: Bloomberg Sound on the insiders, the influencers, the inside. Biden

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Speaker 1: has promised again and again the he will unite the

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Speaker 1: country's state government's control elections left in the constitution. I

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Speaker 1: think that we can expect a smooth, thoughtful, methodical transition.

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Speaker 1: This is Bloomberg Sound on with Kevin Shirley on Bloomberg

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Speaker 1: and one oh five point seven f M h D two.

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Speaker 1: Joe Biden says America is back. This is the president

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Speaker 1: elect welcomes his national security team. Meanwhile, Treasury Secretary Stephen

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Speaker 1: Venusian to put four hundred and fifty five billion dollars

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Speaker 1: worth of funds out of his predecessor or his successor

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Speaker 1: rather Jennet Yellen's easy reach. A lot to get through

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Speaker 1: all of that. The daw average tops Nerdy thousand. We

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Speaker 1: begin tonight with sound on the tradition the transition, rather

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Speaker 1: as President Elect Joe Biden on Tuesday introduced the team

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Speaker 1: of foreign policy experts that he plans to nominate to

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Speaker 1: his administration, led by Anthony B. Lincoln as Secretary of State,

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Speaker 1: as the President elect seeks to calm international relations after

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Speaker 1: a tumultuous four years under President Donald Trump. Here is

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Speaker 1: President elect Biden speaking earlier in Wilmington, Delaware. It's a

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Speaker 1: team that reflects the fact that America is back, ready

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Speaker 1: to lead the world, not retreat from it once again.

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Speaker 1: Sit at the head of the table. Meanwhile, in a

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Speaker 1: competing public statement within the same hour, President Trump gave

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Speaker 1: a short twenty second address in the White House Brady

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Speaker 1: Briefing Room just after noon Eastern time. Earlier today, the

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Speaker 1: stock market had surged and following news late Monday signaling

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Speaker 1: the transition to abiden presidency. Here is just broken thirty

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Speaker 1: house and never been broken that number. That's a sacred number,

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Speaker 1: thirty thousand. Nobody thought they'd ever see it. That's the

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Speaker 1: ninth time since the beginning of and it's the time

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Speaker 1: that we've broken records in during the Trump administration. The

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Speaker 1: markets had a lot to say about what happened on

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Speaker 1: with traders earlier today, and Bloomberg Television caught up with

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Speaker 1: many many individuals it's clear from our small businesses, to

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Speaker 1: our public schools, to our state and local budgets that

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Speaker 1: we need a relief package, just as we needed one

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Speaker 1: uh in in early summer. And I'll tell you you

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Speaker 1: start to look at the spike in cases and right

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Speaker 1: now in some ways, Kevin, it's all eyes on North Dakota.

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Speaker 1: Right there's just an exsordinant rate of fatalities at cases

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Speaker 1: lines around the block. And I mentioned that because that's

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Speaker 1: Republican leadership in that state that could really come to

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Speaker 1: the table with Democratic leadership in the House to say

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Speaker 1: let's get a package done. That was conress someone Haley Stevens,

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Speaker 1: a Democrat from Michigan who I spoke with earlier today.

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Speaker 1: Joining us now to walk us through what happened today

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Speaker 1: in the news is Bloomberg contributor Rick Davis. He's a

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Speaker 1: partner at Stone Corps Capital, former campaign manager for John

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Speaker 1: McCain's two thousand and eight presidential campaign. Rick, great to

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Speaker 1: have you back. I mean, there you have at the

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Speaker 1: stock market sword today, but you've also got it. It's

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Speaker 1: because of the transition news. Yeah, the transition news is

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Speaker 1: good news, stability and and and a real I think

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Speaker 1: dependability behind the people that president like Biden is appointing

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Speaker 1: and UH and and obviously the other news item that's

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Speaker 1: also surging is the coronavirus, and it seems the markets

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Speaker 1: are immune to the reports coming out of the heartland

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Speaker 1: of America. So as you look in terms of some

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Speaker 1: of the names that have been Janet Yelling for Treasury, UH,

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Speaker 1: Anthony B. Lincoln for Secretary of State, UH, Avril Haynes,

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Speaker 1: UH and others. You've worked with many of these individuals,

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Speaker 1: you have familiarities of many of these individuals. What are

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Speaker 1: you seeing beyond just what we've heard over the past

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Speaker 1: twenty four hours of stability and certainty. Well, these people

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Speaker 1: are real track records, right, They've served in previous administrations. UH.

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Speaker 1: Some of them go back all the way to the

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Speaker 1: Clinton administration. But they're kind of known entities. There are

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Speaker 1: people who have been on the public record. You can

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Speaker 1: look up sort of where they've been on regional and

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Speaker 1: global issues and have a pretty good idea how this

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Speaker 1: administration is going to govern. And from what I can tell,

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Speaker 1: all the names you just mentioned, they're really centrists. They're

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Speaker 1: they're they're likely governed from the middle UH and UH

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Speaker 1: and I think we'll add a lot of UH stability

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Speaker 1: to our foreign relations. They're they're all folks who believe

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Speaker 1: that the UH, you know States is the greatest country

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Speaker 1: for good in the world. And so whether it's on

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Speaker 1: virus distributions or issues of national security, I think they'll

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Speaker 1: c the U. S. As a leader. And as you

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Speaker 1: look in terms of the short term and the first

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Speaker 1: fight that a Biden administration is likely going to have

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Speaker 1: to participate in regarding domestic affairs, its fiscal stimulus and

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Speaker 1: fed share Yelling UH, she became fed share in two

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Speaker 1: thousand and thirteen when America was just on the other

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Speaker 1: side of the two thousand and eight economic collapse. UH

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Speaker 1: and the Obama former President Obama assumed power UH in

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Speaker 1: two thousand and eight following in the midst of really

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Speaker 1: a horrible economic collapse. Well, here we are in two

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Speaker 1: thousand and twenty and Yelling now has to just has

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Speaker 1: to has to wrestle with a likely Republican controlled Senate

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Speaker 1: that is very wary of additional funds on fiscal relief.

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Speaker 1: How will she be able to navigate through Mitch McConnell Senate. Well,

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Speaker 1: I think she starts with a lot of goodwill. Um,

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Speaker 1: she did a great job at the FED. Even Republicans

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Speaker 1: were pleased with her performance and uh and so that's

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Speaker 1: a great start right where she's a known entity who

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Speaker 1: many of these Republican senators were in office at the

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Speaker 1: time and worked closely with her. So her challenge will

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Speaker 1: be to be able to negotiate a stimulus package with

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Speaker 1: Democrats in the House and Republicans in the Senate and

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Speaker 1: uh and and find some common ground. Although I would

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Speaker 1: say she's got a lot of leverage because there are

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Speaker 1: a lot of Republicans in the Senate who would be

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Speaker 1: willing to cross over the aisle uh and vote on

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Speaker 1: a Democrats simulus package in order to get something done.

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Speaker 1: The era of do nothing Senate is likely to end

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Speaker 1: in this administration, except on the Senate Banking Committee, where

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Speaker 1: Chairman Pat Toomey is not up, is not running for

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Speaker 1: re election in two and might really be serving as

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Speaker 1: a check in balance on Democrats in the House as

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Speaker 1: well as and in the White House. Okay, I've got

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Speaker 1: like three minutes left. And because it's Thanksgiving week, and

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Speaker 1: because this is a very policy written show, and I

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Speaker 1: can already sense that our executive producer, Christine Barrata is

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Speaker 1: thinking to herself, where is he going with us? Where

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Speaker 1: is Kevin surreally going? With this segment, I'm going to

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Speaker 1: ask you to to to relive one of my favorite

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Speaker 1: Thanksgiving traditions of uh, the late Senator John McCain and

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Speaker 1: dabble us in a great Thanksgiving story of frying turkeys.

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Speaker 1: And I just asked you to give us a story. Well,

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Speaker 1: John McCain was an expert turkey friar. In fact, he

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Speaker 1: sets the record of anybody I've ever seen and frying

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Speaker 1: seven turkeys at one instance. It was the danga thing

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Speaker 1: you've ever seen in your life. There was more turkey

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Speaker 1: flesh boiling away than anything. And uh, and he does

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Speaker 1: it up in his favorite place Satona, Arizona, beautiful retreat

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Speaker 1: that he Cindy and the families to gather around and

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Speaker 1: Thanksgiving and they'd heat up that oil to you know,

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Speaker 1: four hundred degrees and PLoP those turkeys in there and

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Speaker 1: what what did you what did they put them in?

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Speaker 1: Because when my dad and I tried a turkey, I

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Speaker 1: think it was two years ago now, no, last year, yeah,

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Speaker 1: last year, we only have like a really big deep

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Speaker 1: pot is the word for it. With that we just

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Speaker 1: put a oil in and then we just lowered the turkey.

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Speaker 1: And of course he's like, there's not a lot of

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Speaker 1: science to it, Kevin, you kissed exactly right. But John

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Speaker 1: McCain would tell you that the real science was in

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Speaker 1: the injection. You know, the night before, you got to

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Speaker 1: inject that turkey with some uh, some seasoning, some flavoring.

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Speaker 1: And he liked spicy, and so I tried his mixture

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Speaker 1: one time, and I thought I was going to have

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Speaker 1: to go to the emergency room. So his version of spicy,

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Speaker 1: I think is really dramatic. But but he was a

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Speaker 1: lot of fun to hang around, and and he had

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Speaker 1: ideas on everything from cooking, the global affairs and uh

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Speaker 1: and and and yet I think Thanksgiving was his favorite

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Speaker 1: holiday by sheer virtue of the fact that that he

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Speaker 1: could cook a bunch of turkeys and uh, I don't

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Speaker 1: know how many leftovers you have when you cook seven

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Speaker 1: turkeys at one time. But my suspicion is that the

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Speaker 1: McCain family ate well that I'll never forget. I was

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Speaker 1: in the trolleys begatting back and forth from the Senate

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Speaker 1: to the Senate office buildings, and you know, and I

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Speaker 1: sat with him like once, and he of course would

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Speaker 1: never remember this, but I said, Okay, I gotta tell

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Speaker 1: my dad how do we fry Turkey this year? And

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Speaker 1: he gave me all these tips and will never ever

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Speaker 1: forget it. All right, thank you so much for that,

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Speaker 1: Rick Davis. You really gave me a smile there. Rick Davis,

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Speaker 1: Bloomberg contributor and of course of Stone Corps Capital, partner

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Speaker 1: at Stone Corp Capital, former campaign manager to the late

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Speaker 1: Great Turkey Friar and Senator John McCain. I'm Kevin Surreally,

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Speaker 1: you're listening to Bloomberg and I want this is Bloomberg's

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Speaker 1: sound on with Kevin Surreley on Bloomberg and one all

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Speaker 1: five point seven f M h D two. Did you

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Speaker 1: see what CDC director Robert Redfield? Excuse me? Did you

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Speaker 1: see what CDC director Robert Redfield told Fox News Dana

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Speaker 1: Perino earlier today that the COVID nineteen vaccine is going

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Speaker 1: to begin to be rolled out, probably by the end

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Speaker 1: of the second week in December. This according to CDC

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Speaker 1: director Robert Redfield, who spoke with Fox News Dana Perino.

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Speaker 1: I'm Kevin Cirelli, Chief Washington correspondent for Bloomberg Television, Bloomberg Radio,

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Speaker 1: and it really was a remarkable day on the markets.

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Speaker 1: The dal Jones industrial average topped thirty thousand for the

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Speaker 1: first time, and investors piled into risk assets as a

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Speaker 1: series of market friendly developments unleashed animal spirits on Wall Street.

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Speaker 1: The SMP five hundred index hit a record, spurred by

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Speaker 1: the four will start of President Elect Joe Biden's transition

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Speaker 1: and news that all but removed the threat of a

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Speaker 1: contested transfer of power. Investors also woke up with the

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Speaker 1: clear sense of what Biden's Treasury Department will have in

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Speaker 1: policy preferences after he nominated Janet Yellen to the post

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Speaker 1: and the third promising vaccine candidate added to the euphoria.

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Speaker 1: As my colleagues Camera and Lech and the Donda Hadrick

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Speaker 1: reported on the terminal boosting bets at the Economy Consore

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Speaker 1: into next year, and we have reaction cross platform on

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Speaker 1: Bloomberg Television and Bloomberg Radio, as my colleagues interviewed a

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Speaker 1: host of different economists on the matter. Markets don't like uncertainty.

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Speaker 1: They like certainty. They know what they're likely to get

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Speaker 1: with with Janet Yelling as a Treasury secretary. Most important

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Speaker 1: agenda for a Treasury secretary now is the economic recovery,

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Speaker 1: and she is an economic recovery specialist. So what she

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Speaker 1: rings is obviously just this wealth of experience. Is here's

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Speaker 1: someone who has worked both in administrations, in the federal Reserve,

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Speaker 1: in the broader federal reserve system, and joining us now

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Speaker 1: on the line is Clark Kendall, President and CEO of

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Speaker 1: Kendall Capital. So a Treasury Secretary, Janet Yellen, your reaction

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Speaker 1: is she all but going to provide certainty? I don't

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Speaker 1: know she's going to provide certainty? What uh. The fact

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Speaker 1: that she's been announced, um, it was applauded by Wall

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Speaker 1: Street because she's a known commodity in the marketplace. She's

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Speaker 1: not an unknown. We've seen her face before, we know

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Speaker 1: how she acts, we know how she thinks. So that

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Speaker 1: was very positive news. And as you mentioned, and you've

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Speaker 1: reported so well today, the fact that Trump is allowed

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Speaker 1: allowing the transition team now for Biden to come in

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Speaker 1: takes that worry away from the market. And so as

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Speaker 1: you look at the markets, Clark Kendall, I mean you

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Speaker 1: look at in terms of last time, if you were

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Speaker 1: on this program, you correctly predicted that Joe Biden and

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Speaker 1: Donald Trump, that the market was anticipating Biden to win,

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Speaker 1: and that it would be somewhat contested and contested, but

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Speaker 1: in the end Biden would win. You went on to

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Speaker 1: suggest that the election would have little effect on the market,

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Speaker 1: which appears accurate because so many of the currents of

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Speaker 1: the market over the past several weeks have been primarily

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Speaker 1: based upon cabinet names Vaccination front and fiscal stimulus and

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Speaker 1: no particular order. But in terms of the upcoming dynamics

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Speaker 1: of the market, what are you going to have your

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Speaker 1: eye on? Well, Kevin, as you know, I'm based in Rockville, Maryland,

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Speaker 1: so I'm a I'm a groupie of you. I listened

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Speaker 1: to you every night on that right now. I don't

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Speaker 1: tell my boss he's gonna say it gets to my head.

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Speaker 1: Go ahead, Clark, go ahead, No, no, no, I love it.

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Speaker 1: I love it. I do think. I want to point

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Speaker 1: out since October one, the Russell on growth is a

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Speaker 1: fourteen percent is now basically back to break even. The

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Speaker 1: Russell UH one thousand and growth index is only up

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Speaker 1: six percent over the same period of time. So where

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Speaker 1: we had a great divergence in the market up to

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Speaker 1: the election, where the growth stocks, the COVID success docks

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Speaker 1: did so well, and now we're having that transition back

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Speaker 1: to value investing, and I think we're seeing it so

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Speaker 1: much today. Um will applaud the rest of the dal

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Speaker 1: Jones were for closing over thirty thousand, But it's those

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Speaker 1: value stocks in the marketplace. Hila Packard, as you just reported,

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Speaker 1: came out with earnings today, but KILLI Package only traded

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Speaker 1: at point five time sales versus we've got companies like

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Speaker 1: Zoom and Peloton. Zoom trades that over eighty seven times revenue. Wow,

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Speaker 1: that's not a pe ratio. There's just enormous value in

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Speaker 1: these growth stocks. So I think what we're doing is

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Speaker 1: we're transitioning. Portfolio managers are transitioning back to the value market.

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Speaker 1: And I still think there's great opportunity as as as

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Speaker 1: we transition to recovery, the pandemic recovery, and we all

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Speaker 1: see it in the next few months. Okay, I gotta

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Speaker 1: be honest. I did, like many people in two thousand

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Speaker 1: and twenty, get a place on Casey Rider. But I

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Speaker 1: do think it's fascinating to watch sort of how many

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Speaker 1: of these zooms, pelotons, home depots have really become trans

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Speaker 1: really become illustrations in the stock market, and symbols in

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Speaker 1: the stock market, so to speak, with regards to to

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Speaker 1: UH dynamics. But you, Clark Kendall, are saying that you

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Speaker 1: see many similarities. To go with that, explore that for me. Well,

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Speaker 1: I'm sure you also that you did the two with

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Speaker 1: Tony Horton several years ago. I did. I did. Go ahead.

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Speaker 1: Now bows are shutting down the gyms again. But what

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Speaker 1: do I know? Go ahead? That's why that's right. No,

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Speaker 1: but I see that there is enormous Remember back in

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Speaker 1: two thousand it was y two K. We want to

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Speaker 1: make sure all of our computers, you know, could accept

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Speaker 1: a four year digit. Back then it was Sun Microsystems,

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Speaker 1: it was Intel, it was Cisco. You know, Cisco and

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Speaker 1: Intel are great examples. Revenues and earnings are up ten times,

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Speaker 1: but the stocks, those two stocks are only did about

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Speaker 1: a third of the appreciation of the broad market because

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Speaker 1: they were trading against such huge valuations. And I think

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Speaker 1: the first ten years of this decade, the SMP was flat,

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Speaker 1: the NAZAC was actually down sixt A lot of people

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Speaker 1: forget about that. So I think with this great divergence

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Speaker 1: between value and growth investing, there's opportunities for people who

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Speaker 1: have participated in the COVID success stocks to reposition their

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Speaker 1: portfolio back to value investing. And I think COVID is

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Speaker 1: as much, if not more, of a dramatic effect on

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Speaker 1: our economy than the Y two K issue twenty years ago.

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Speaker 1: So as you spend this forward, because one of the

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Speaker 1: biggest unknowns heading into a Biden administration is less so

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Speaker 1: the type of people that he will pick. And we

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Speaker 1: have much more clarity today than we did last week,

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Speaker 1: even in terms of his cabinet. But how will how

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Speaker 1: will other countries respond? And so, for example, how will

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Speaker 1: China respond to this new incoming administration and the strategy

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Speaker 1: that they put forth. What we don't know and while

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Speaker 1: I learned today on Bloomberg Radio actually filling in on

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Speaker 1: Balance Power that former Fed share Yelling has given public

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Speaker 1: comments following her tenure at the Federal Reserve, where she

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Speaker 1: has been critical of China, especially in technology and the

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Speaker 1: technological space that they've grown in. We don't know how,

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Speaker 1: if how a Treasury Secretary Yelling would navigate SIPIUS, or

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Speaker 1: how she would chair sippy as rather or how she

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Speaker 1: would deal with teriffs and sanctions on a geopolitical space.

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Speaker 1: But that is so much of where the global economy

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Speaker 1: is positioned. This is tensions with US and China rise

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Speaker 1: from your perspect to Clark, where do you see that U. S.

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Speaker 1: China relationship from a financial perspective? Going all right, well,

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Speaker 1: we got to remember there's what th million people in

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Speaker 1: United States, one point two billion people in China, one

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Speaker 1: point one billion people in India, So they have what

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Speaker 1: nine times the population of the United States, says two

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Speaker 1: countries continents combine, um, So I do think that they're

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Speaker 1: they've got uh strength in numbers. Um. The foreign markets

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Speaker 1: have dramatically underperformed the US market for the last ten years.

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Speaker 1: The dollar has been extremely strong. I'm not sure about

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Speaker 1: the policies moving forward, but the dollar has been just

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Speaker 1: so strong, and at this particular point in time, Italian

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Speaker 1: wines and South African wines become very cheap and quite frankly,

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Speaker 1: my wife likes to drink wines and you know, well

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Speaker 1: part of Italy, Yeah, we go down. Cerealis are from

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Speaker 1: a Bruisi cerem Hey, Clark, you know who else you

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Speaker 1: listen listen. I gotta let you go because we gotta

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Speaker 1: get on the peloton. Do some p ninety x before Thanksgiving?

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Speaker 1: You know who else did ninety x? Former House Speaker

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Speaker 1: Paul Ryan Clark Kendall always fun, he makes it fun.

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Speaker 1: We're allowed to have fun. Right. I'm Kevin CURRELLI you're

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Speaker 1: listening to Bloomberg from our Nation. All talk here in Washington,

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Speaker 1: d C turns to President Elect Joe Biden's administration. Historically speaking,

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Speaker 1: the markets that performed better when there is divided government.

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Speaker 1: The biggest pressure for physical stimulus is an up taking cases.

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Speaker 1: Bloomberg sound on the insiders, the influencers, the inside siding.

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Speaker 1: Has promised again and again that he will unite the

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Speaker 1: country's state government's control elections. That's in the constitution. I

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Speaker 1: think that we can expect a smooth, thoughtful, methodical transition.

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Speaker 1: This is Bloomberg Sound On with Kevin Shirlet on Bloomberg

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Speaker 1: two Turkey Eve Eve. President Elect Joe Biden welcomes national

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Speaker 1: security team and says America is back. This as the

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Speaker 1: Dow average tops thirty thousand and the SMP five hundred

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Speaker 1: jumps to a record. All of that as Treasury Secretary

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Speaker 1: Monution trying to put four hundred and fifty five billion

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Speaker 1: dollars in funds out of Janet Yellen. His successors reach

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Speaker 1: lots to get through, and we begin tonight with sound

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Speaker 1: on the transition. This is President elect Joe Biden formally

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Speaker 1: introduced the team of foreign policy experts that he plans

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Speaker 1: to nominate to his administration, led by Anthony B. Lincoln

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Speaker 1: as Secretary of State, as well as other individuals like

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Speaker 1: former Secretary of State John Kerry, who will be his

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Speaker 1: Climate Czar. Meanwhile, Janet Yellen, the former Fed chairwoman, now

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Speaker 1: going to be tapped to lead the Treasury Department. Take

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Speaker 1: a listen to President elect Biden speaking earlier today in Wilmington, Delaware.

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Speaker 1: It's a team that reflects the fact that America is back,

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Speaker 1: ready to lead the world, not retreat from it once again.

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Speaker 1: Sit at the head of the table. The markets reacted positively.

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Speaker 1: This is the dal Jones Industrial average topped thirty thousand

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Speaker 1: for the first time, and investors piled into risk assets

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Speaker 1: as a series of market friendly of developments unleashed animal

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Speaker 1: spirits on Wall Street that caught the attention a President Trump,

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Speaker 1: who delivered a twenty second public comment, taking no questions

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Speaker 1: from the White House, and very brief remarks. The stock

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Speaker 1: markets just broken thirty thousand, never been broken that number.

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Speaker 1: That's a sacred number, thirty thousand. Nobody thought they'd ever

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Speaker 1: see it. That's the ninth time since the beginning of

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Speaker 1: and it's the time that we've broken records in during

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Speaker 1: the Trump administration. And Janet Yellen getting much attention and

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Speaker 1: the market's liking it. My colleagues across platform on Bloomberg

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Speaker 1: Television of Bloomberg Radio spoke with several economists about this pick.

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Speaker 1: In particular, markets don't like uncertainty. They like certainty. They

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Speaker 1: know what they're likely to get with with Janet Yelling

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Speaker 1: is a Treasury secretary. Most important agenda for a Treasury

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Speaker 1: secretary now is the economic recovery, and she is an

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Speaker 1: economic recovery specialist. So what she brings is obviously just

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Speaker 1: this wealth of experience. Here's someone who has worked both

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Speaker 1: in administrations, in the federal Reserve in the broader federal

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Speaker 1: reserve system. Well, the markets like the pick and the

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Speaker 1: prospects of a Treasury secretary Janet Yellen. The biggest unknown

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Speaker 1: continuing to be the COVID nineteen virus. That's just a

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Speaker 1: couple of days ahead of Thursdays Thanksgiving holiday, and as

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Speaker 1: families across the country continued to travel despite the uptick

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Speaker 1: in coronavirus cases. Earlier today, I spoke off with I

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Speaker 1: spoke with Congresswoman Hailey Stephens, a Democrat from Michigan. Take

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Speaker 1: a listen to what she had to say about the

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Speaker 1: need for fiscal stimulus. It's clear from our small businesses,

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Speaker 1: to our public schools, to our state and local budgets

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Speaker 1: that we need a relief package just as we needed

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Speaker 1: one uh in in early summer. And I'll tell you

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Speaker 1: you start to look at the spike in cases in

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Speaker 1: right now. In some ways, Kevin, it's all eyes on

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Speaker 1: North Dakota right there's just an absordinant rate of fatalities

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Speaker 1: at cases lines around the block. And I mentioned that

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Speaker 1: because that's Republican leadership in that state that could really

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Speaker 1: come to the table with Democratic leadership in the House

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Speaker 1: to say let's get a package done. My panels with

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Speaker 1: me for the hour. Scott Bolden Democratics out of just

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Speaker 1: former DC Democratic Party chairman, an attorney and that Brooks,

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Speaker 1: a Republican strategist and executive director of the Republican Jewish Coalition.

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Speaker 1: This is going to be an all star panel that

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Speaker 1: I'll start with you, as Congresswoman Stevens just said, do

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Speaker 1: you think that there is enough in order to get

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Speaker 1: a deal done because of the upticking coronavirus cases? Well,

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Speaker 1: you know, it's it's like Groundhog Day, keV. Because you

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Speaker 1: know every time on the show with you, we always

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Speaker 1: are talking about where where a deal is. And you know,

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Speaker 1: you now have President Trump saying he wants a huge deal.

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Speaker 1: You have Joe Biden telling Schumer and pelosity that he

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Speaker 1: wants a deal. Um, and yet we can't get anything

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Speaker 1: out of the House and and anything that uh uh

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Speaker 1: you know, from a negotiation and good faith. But I

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Speaker 1: will tell you that people are absolutely hurting. There is

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Speaker 1: no question with the rise and the uptick in in

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Speaker 1: the virus that we need to We need to get

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Speaker 1: the funds and we need to get the uh uh

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Speaker 1: stimulus and the help to the people who needed the most.

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Speaker 1: And I hope that on the one thing that President

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Speaker 1: Trump and and Joe Biden agree on, uh is the

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Speaker 1: need for a steam as I hope that's enough of

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Speaker 1: incentive for Congress to get it done. Well, you know,

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Speaker 1: and and now I'll turn to you, Scott, because as

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Speaker 1: as Matches pointed out, there, there does appear to be

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Speaker 1: so much impetus and pressure to get more fiscal relief.

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Speaker 1: I mean here in Washington, d C. Alone because of

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Speaker 1: the new restrictions which i'll ask you about coming up

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Speaker 1: in the show, that Mayor Bowser has now imposed upon

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Speaker 1: the city. It's just the latest illustration in what states

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Speaker 1: across the country are grappling with. These are people's livelihoods

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Speaker 1: around the holidays. And so I think, as Congresswoman Stevens

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Speaker 1: just put pointed out in North Dakota, whether it's a

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Speaker 1: red state or a blue state, the need for fiscal

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Speaker 1: relief is beyond now. I mean, it's it's it's urgent. Scott. Well, well,

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Speaker 1: it certainly is in November. But let's remember it was

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Speaker 1: that that was the case in our October and September,

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Speaker 1: and they couldn't get a deal that they'd be in

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Speaker 1: the House and the Senate. Although the House is past measures,

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Speaker 1: the Senate either hasn't taken them up or disagree. The

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Speaker 1: Senate has a bill they brought a million dollars apart

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Speaker 1: at one point, and the and the and the rug

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Speaker 1: between the Republicans and the Democrats seemed to be this,

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Speaker 1: this billion dollar difference, even though the White House disagreed

430
00:26:26,920 --> 00:26:30,480
Speaker 1: with the Senate, this billion dollar difference of money is

431
00:26:30,600 --> 00:26:35,080
Speaker 1: going to states and counties and the municipalities who needed most.

432
00:26:35,320 --> 00:26:38,200
Speaker 1: On one hand, the White House said, let the local

433
00:26:38,520 --> 00:26:42,480
Speaker 1: and the state lead this effort to resolve the pandemic.

434
00:26:42,800 --> 00:26:45,360
Speaker 1: And yet they're not willing to give that billion dollars.

435
00:26:45,400 --> 00:26:48,320
Speaker 1: And so we do like roundhog days. Well, I gotta

436
00:26:48,359 --> 00:26:51,080
Speaker 1: dig deeper here because Trusury Secretary Stephen Venution will put

437
00:26:51,080 --> 00:26:55,040
Speaker 1: four hundred and fifty five billion dollars in Unspent Cares

438
00:26:55,119 --> 00:26:59,080
Speaker 1: Act funding into an account that has presumed successor former

439
00:26:59,119 --> 00:27:03,200
Speaker 1: FED share Janet Yell and will need authorization from Congress

440
00:27:03,280 --> 00:27:07,320
Speaker 1: to use. I mean NOTTT Brooks. Is this playing politics

441
00:27:07,600 --> 00:27:11,360
Speaker 1: with billions of dollars that could be additional funds for

442
00:27:11,400 --> 00:27:15,160
Speaker 1: folks around the country who need it. Now, I think

443
00:27:15,160 --> 00:27:18,159
Speaker 1: it's it's just making sure that the funds get used

444
00:27:18,200 --> 00:27:21,639
Speaker 1: in the proper way, with the proper oversight. But the

445
00:27:21,720 --> 00:27:25,119
Speaker 1: reality is and and and uh with with respect to

446
00:27:25,440 --> 00:27:30,400
Speaker 1: uh my other test on the god today, Um, it's

447
00:27:30,440 --> 00:27:33,800
Speaker 1: not a billion dollar difference. It was it was almost

448
00:27:34,119 --> 00:27:36,400
Speaker 1: at one point it was almost a trillion dollar difference,

449
00:27:37,320 --> 00:27:40,840
Speaker 1: but it was certainly hundreds of billions of dollars of difference.

450
00:27:40,880 --> 00:27:44,800
Speaker 1: And at no point were the where the Democrats willing

451
00:27:44,840 --> 00:27:49,199
Speaker 1: to leap frog their concerns about the state and local

452
00:27:49,760 --> 00:27:53,680
Speaker 1: municipalities getting getting relief to fund the people directly who

453
00:27:53,720 --> 00:27:55,800
Speaker 1: needed relief. And there were a couple of proposals made

454
00:27:55,800 --> 00:27:58,840
Speaker 1: to get cut checks and to get money directly to uh,

455
00:27:59,160 --> 00:28:04,720
Speaker 1: people who were hurt, business owner, small businessman, families, unemployed people. Um.

456
00:28:04,760 --> 00:28:06,680
Speaker 1: And those are the things that need to get done,

457
00:28:06,920 --> 00:28:08,560
Speaker 1: and we have the resources to do it, we just

458
00:28:08,640 --> 00:28:12,520
Speaker 1: need to get the motivation and and uh, you know,

459
00:28:12,560 --> 00:28:16,480
Speaker 1: everybody putting politics aside and focusing That's what I don't understand.

460
00:28:16,640 --> 00:28:18,840
Speaker 1: But because this is important, but this is but this

461
00:28:18,920 --> 00:28:21,600
Speaker 1: is important because I think Republicans could stay down Speaker

462
00:28:21,640 --> 00:28:23,840
Speaker 1: Pelosi and say, why not just get to an agreement

463
00:28:24,000 --> 00:28:26,520
Speaker 1: with what we all agree on and advance this in

464
00:28:26,560 --> 00:28:29,840
Speaker 1: the lame Duck with the December eleventh cr and push

465
00:28:29,920 --> 00:28:32,280
Speaker 1: this thing forward and then go for a bigger stimulus

466
00:28:32,560 --> 00:28:34,800
Speaker 1: in the in the In the first one hundred days

467
00:28:34,840 --> 00:28:37,840
Speaker 1: of a Biden presidency. But the other issue here is

468
00:28:37,880 --> 00:28:40,600
Speaker 1: that the four hundred and twenty nine billion that Secretary

469
00:28:40,680 --> 00:28:46,040
Speaker 1: Monution is getting back from the Federal Reserve. Democrats are saying,

470
00:28:46,040 --> 00:28:47,920
Speaker 1: why not just give that money or keep it at

471
00:28:47,920 --> 00:28:51,040
Speaker 1: the Fed and put it into the economy for immediate liquidity.

472
00:28:51,080 --> 00:28:52,640
Speaker 1: Much more with the panel, I'm Kevin Surreli. This is

473
00:28:52,680 --> 00:29:08,840
Speaker 1: Bloomberg Unt nine one. You're listening to Bloomberg Sound On

474
00:29:08,920 --> 00:29:12,960
Speaker 1: with Kevin Sirel on Bloomberg and one old five point

475
00:29:13,040 --> 00:29:15,360
Speaker 1: seven f M h D two. Did you see this?

476
00:29:15,520 --> 00:29:19,880
Speaker 1: CDC director Robert Redfield tells Fox News Dana Perino the

477
00:29:19,960 --> 00:29:23,960
Speaker 1: COVID nineteen vaccine is going to begin to be rolled

478
00:29:24,000 --> 00:29:27,640
Speaker 1: out probably by the end of the second week in December.

479
00:29:27,680 --> 00:29:30,840
Speaker 1: I saw the retweet from Brett there, But again, CDC

480
00:29:31,040 --> 00:29:34,760
Speaker 1: director Robert Redfield tells Fox News Dana Perino that the

481
00:29:34,840 --> 00:29:38,280
Speaker 1: COVID nineteen vaccine is going to begin to be rolled

482
00:29:38,280 --> 00:29:42,240
Speaker 1: out probably by the end of the second week in December.

483
00:29:42,320 --> 00:29:46,160
Speaker 1: This as state, cities, municipalities all over the country, they're

484
00:29:46,160 --> 00:29:49,640
Speaker 1: imposing new restrictions. I'm Kevin Cirelli, Chief Washington correspondent for

485
00:29:49,640 --> 00:29:53,120
Speaker 1: Bloomberg Television. Bloomberg Radio Matt Brooks is with me. Republican

486
00:29:53,160 --> 00:29:56,800
Speaker 1: strategist Scott Bolden, Democratic strategist and an insider of d

487
00:29:56,920 --> 00:30:01,200
Speaker 1: C politics. Scott, I gotta ask you, uh, point blank

488
00:30:01,920 --> 00:30:07,400
Speaker 1: about Mayor Bowser's announcement last evening about restrictions to Gym's

489
00:30:07,520 --> 00:30:13,080
Speaker 1: has restaurants over the next couple of weeks. I mean,

490
00:30:13,480 --> 00:30:16,720
Speaker 1: your reaction to how it was announced and the science

491
00:30:16,840 --> 00:30:20,120
Speaker 1: behind whether or not this is really needed, because I

492
00:30:20,120 --> 00:30:24,280
Speaker 1: gotta tell you, I'm hearing mixed reviews. Putting it mildly,

493
00:30:24,880 --> 00:30:28,400
Speaker 1: you could hear mixed reviews. All you want, all you

494
00:30:28,400 --> 00:30:30,920
Speaker 1: have to do is listen to the scientists about this

495
00:30:31,040 --> 00:30:35,120
Speaker 1: pathogen and that every state in the Union, the cases

496
00:30:35,160 --> 00:30:37,640
Speaker 1: of COVID are being up, the death rates on a

497
00:30:37,720 --> 00:30:40,200
Speaker 1: daily basis of being up. Now, would you rather be

498
00:30:40,240 --> 00:30:43,360
Speaker 1: working out and being restaurants socializing or would you rather

499
00:30:43,400 --> 00:30:46,400
Speaker 1: be dead? Because it's a deadly disease. Would you rather

500
00:30:46,480 --> 00:30:49,080
Speaker 1: catch it? If you will and maybe you get through it,

501
00:30:49,200 --> 00:30:52,000
Speaker 1: maybe you don't. I don't. I don't see why this

502
00:30:52,080 --> 00:30:56,320
Speaker 1: is a debate or any mixed reviews on restrictions. When

503
00:30:56,320 --> 00:30:59,880
Speaker 1: the cases of COVID, a deadly pathogen, are going up,

504
00:31:00,120 --> 00:31:02,920
Speaker 1: you've got to control the disease, right, and then you've

505
00:31:02,920 --> 00:31:06,680
Speaker 1: got to rebuild this economy. But you can't rebuild the economy,

506
00:31:06,720 --> 00:31:10,000
Speaker 1: get jobs going, or even get a package through if

507
00:31:10,000 --> 00:31:12,680
Speaker 1: the if the country is infected with COVID. And so

508
00:31:12,720 --> 00:31:16,480
Speaker 1: it's an easy call for me control and control the

509
00:31:16,520 --> 00:31:20,240
Speaker 1: path of this pathogen and then rebuild this economy. You

510
00:31:20,240 --> 00:31:22,880
Speaker 1: can't do it without one without the other. And so

511
00:31:23,120 --> 00:31:26,640
Speaker 1: I applauded. It's not healthy, it's not it's not it's

512
00:31:26,640 --> 00:31:30,800
Speaker 1: not convenient if you will, but I'd rather be safe then, uh,

513
00:31:30,840 --> 00:31:34,800
Speaker 1: and inconvenient than just convenient and being able to socialize

514
00:31:34,800 --> 00:31:38,600
Speaker 1: at these various gatherings or restaurants and gyms. Did she

515
00:31:38,720 --> 00:31:43,840
Speaker 1: provide enough time for business leaders and employees to plan.

516
00:31:44,640 --> 00:31:48,560
Speaker 1: She announced this yesterday and the restrictions for small businesses

517
00:31:48,600 --> 00:31:53,040
Speaker 1: go into effect tomorrow. Well, the pr on this uh

518
00:31:53,280 --> 00:31:55,760
Speaker 1: in the media and what the scientists have been saying.

519
00:31:56,080 --> 00:31:58,600
Speaker 1: It wasn't just yesterday, It was leading up to this.

520
00:31:58,960 --> 00:32:01,239
Speaker 1: We are in the middle of this dark winter. Now

521
00:32:01,320 --> 00:32:03,400
Speaker 1: I gotta interrupt your Scott because I gotta get an

522
00:32:03,400 --> 00:32:06,480
Speaker 1: answer to this question, because it's important. I asked not

523
00:32:06,760 --> 00:32:11,000
Speaker 1: about that, I'm asking specifically for small business owners, for

524
00:32:11,120 --> 00:32:15,760
Speaker 1: restaurant owners, for bar owners and their employees. Did they

525
00:32:15,920 --> 00:32:20,360
Speaker 1: get ample communication from the mayor's office a day and

526
00:32:20,360 --> 00:32:25,280
Speaker 1: a half in order to plan. Is that enough time? Well,

527
00:32:25,320 --> 00:32:27,680
Speaker 1: you'd have to ask those business owners that that could

528
00:32:27,680 --> 00:32:30,840
Speaker 1: be subject to challenge. I won't deny that, but again,

529
00:32:30,920 --> 00:32:34,240
Speaker 1: we're in a pandemic and a crisis, and giving notice

530
00:32:34,320 --> 00:32:38,640
Speaker 1: to these small businesses who are suffering already, giving more

531
00:32:38,680 --> 00:32:41,440
Speaker 1: than a day and a half notice, you balance whether

532
00:32:41,680 --> 00:32:44,880
Speaker 1: you've got to control this pandemic in these cases versus

533
00:32:44,920 --> 00:32:47,880
Speaker 1: their business interests, if you will. I'd rather her give

534
00:32:47,920 --> 00:32:50,720
Speaker 1: them more time, of course, but I'd rather them also

535
00:32:50,840 --> 00:32:53,920
Speaker 1: give the relief to small business that that we need.

536
00:32:54,280 --> 00:32:57,040
Speaker 1: And so I can't answer that question defensively one way

537
00:32:57,120 --> 00:32:59,760
Speaker 1: or the other. It's a tough situation for those who

538
00:32:59,800 --> 00:33:03,120
Speaker 1: have the pandemic or those who have the virus, and

539
00:33:03,160 --> 00:33:05,520
Speaker 1: those who are trying to make ends meet while we

540
00:33:05,560 --> 00:33:09,000
Speaker 1: wait on relief from the House, Senate and the White House.

541
00:33:09,320 --> 00:33:12,200
Speaker 1: They're elected officials. It's their job to know how to communicate,

542
00:33:12,280 --> 00:33:14,880
Speaker 1: and I think that across the country people are sick

543
00:33:14,920 --> 00:33:18,040
Speaker 1: and tired of the lack of communication coming from elected

544
00:33:18,080 --> 00:33:24,320
Speaker 1: officials as it relates to dealing with people's livelihoods. All right, switching, Yes,

545
00:33:24,920 --> 00:33:26,960
Speaker 1: I think you're You're exactly right. It's not just a

546
00:33:27,040 --> 00:33:30,480
Speaker 1: question of communication, but it's also a question of of coordination.

547
00:33:30,960 --> 00:33:34,160
Speaker 1: Is it fair to a small business owner in UH

548
00:33:34,200 --> 00:33:36,800
Speaker 1: in northwest DC to have to close this business and

549
00:33:36,800 --> 00:33:39,800
Speaker 1: then go five minutes across the river to Arlington and

550
00:33:40,840 --> 00:33:42,800
Speaker 1: be able to have a business be open. And there

551
00:33:42,800 --> 00:33:48,440
Speaker 1: should be some coordination given the metro area UH between DC,

552
00:33:48,640 --> 00:33:50,880
Speaker 1: Maryland and Virginia, so that everybody is on the same

553
00:33:50,920 --> 00:33:54,280
Speaker 1: page as well. I think coordination right. And this is,

554
00:33:54,320 --> 00:33:56,640
Speaker 1: by the way, this is not unique to Washington, d C.

555
00:33:57,120 --> 00:33:59,480
Speaker 1: Like in our lumpet. These are conversations that are happening

556
00:33:59,480 --> 00:34:02,880
Speaker 1: in north to Koda in New York City and Delaware County, Pennsylvania,

557
00:34:02,880 --> 00:34:05,160
Speaker 1: where I'm from. I mean this, this is the this

558
00:34:05,200 --> 00:34:07,280
Speaker 1: is the sign times. I think it's remarkable. I don't

559
00:34:07,280 --> 00:34:11,040
Speaker 1: think any party has a monopoly on the communication, coordination

560
00:34:11,120 --> 00:34:13,640
Speaker 1: or whatnot. Go ahead, Scott, Okay, so tell me what

561
00:34:13,920 --> 00:34:15,759
Speaker 1: in the alternative, what would you have done? Tell me,

562
00:34:15,760 --> 00:34:18,040
Speaker 1: step by step what you would have done when we're

563
00:34:18,040 --> 00:34:20,720
Speaker 1: in the dark, winner of a pandemic and you're arguing

564
00:34:20,800 --> 00:34:22,840
Speaker 1: for small businesses to get more than a day and

565
00:34:22,880 --> 00:34:25,360
Speaker 1: a half noticed. When she's trying, when the mayor is

566
00:34:25,400 --> 00:34:28,719
Speaker 1: trying to protect the public, individuals have to protect other

567
00:34:28,800 --> 00:34:32,520
Speaker 1: individuals by wearing masks of social distancing and what have you?

568
00:34:32,680 --> 00:34:35,560
Speaker 1: Tell me the process that would be acceptable to those

569
00:34:35,560 --> 00:34:39,279
Speaker 1: who would criticize her decision. What's the alternative? Well, I'm

570
00:34:39,280 --> 00:34:42,080
Speaker 1: a reporter, so I'll ask questions. But here's what I

571
00:34:42,080 --> 00:34:44,600
Speaker 1: would point Here's what I would point out is I

572
00:34:44,640 --> 00:34:48,080
Speaker 1: did have conversations with small business leaders throughout the city

573
00:34:48,520 --> 00:34:51,640
Speaker 1: yet last evening as well as today and employees of

574
00:34:51,719 --> 00:34:55,400
Speaker 1: such a small businesses throughout the city who had a

575
00:34:55,440 --> 00:34:58,439
Speaker 1: lot of questions. And when you look at the very

576
00:34:58,600 --> 00:35:02,640
Speaker 1: short public statement that emerged from Mayor Bow's office and

577
00:35:02,760 --> 00:35:08,239
Speaker 1: from her team yesterday evening and late afternoon, there one

578
00:35:08,280 --> 00:35:10,839
Speaker 1: can be reasonably And I gotta be honest, Scott, A

579
00:35:10,840 --> 00:35:13,880
Speaker 1: lot of these people are very progressive. I mean, this

580
00:35:13,960 --> 00:35:16,279
Speaker 1: is Washington, d C. Let's let's be honest here. This

581
00:35:16,320 --> 00:35:20,359
Speaker 1: is a city of democrats, and so so they're not

582
00:35:20,640 --> 00:35:24,600
Speaker 1: saying don't wear a mask. They're raising questions about how

583
00:35:24,640 --> 00:35:29,520
Speaker 1: can they best plan for their employees, for their businesses

584
00:35:29,920 --> 00:35:33,279
Speaker 1: in this city in this incredibly tough time. So I mean,

585
00:35:33,880 --> 00:35:35,759
Speaker 1: I'm just here to ask questions. I know that you

586
00:35:35,800 --> 00:35:38,839
Speaker 1: know all these players involved. My question to you is

587
00:35:38,920 --> 00:35:42,799
Speaker 1: what can be done to better communicate and coordinate with

588
00:35:42,920 --> 00:35:46,160
Speaker 1: these businesses who were quite frankly caught off guard by

589
00:35:46,200 --> 00:35:49,040
Speaker 1: this announcement. That's that's the question that I have for

590
00:35:49,080 --> 00:35:55,920
Speaker 1: these people. Scott that the coordination between Maryland and Virginia,

591
00:35:56,000 --> 00:36:00,400
Speaker 1: suburban Maryland and Northern Virginia and d C they do ordinate,

592
00:36:00,440 --> 00:36:02,680
Speaker 1: at least they were early on nine months ago when

593
00:36:02,680 --> 00:36:05,680
Speaker 1: they had this pandemic. That's the first thing. I think

594
00:36:05,719 --> 00:36:10,280
Speaker 1: that's fair criticism after listening to you, that it's better noticed.

595
00:36:10,480 --> 00:36:13,719
Speaker 1: But in the end, in the end, you're swamped with

596
00:36:13,760 --> 00:36:18,200
Speaker 1: a pandemic. You've got mixed messages between the White House

597
00:36:18,440 --> 00:36:22,320
Speaker 1: and Republican sentators and House of Representatives who don't believe

598
00:36:22,360 --> 00:36:25,120
Speaker 1: in science, who don't believe this is a problem and

599
00:36:25,280 --> 00:36:27,360
Speaker 1: believe in some of them, not all, but some of

600
00:36:27,360 --> 00:36:31,719
Speaker 1: them believe in this hurting mentality. This is a tough situation.

601
00:36:31,960 --> 00:36:35,840
Speaker 1: But without a united united message coming from leadership of

602
00:36:35,920 --> 00:36:39,600
Speaker 1: this country, from Dems and and Republicans, right, you're gonna

603
00:36:39,640 --> 00:36:42,600
Speaker 1: have a businesses and individuals struggling. I'm not trying to

604
00:36:42,600 --> 00:36:44,359
Speaker 1: cut you off, but I'm up against the break. I'm

605
00:36:44,360 --> 00:36:46,200
Speaker 1: not cutting off. You have more time, but I'm not

606
00:36:46,320 --> 00:36:48,279
Speaker 1: you know, I'm not cutting you off. All right. This

607
00:36:48,320 --> 00:36:51,160
Speaker 1: is a fascinating conversation because all politics is local of

608
00:36:51,280 --> 00:37:08,400
Speaker 1: Kevin Sireli. You're listening to Bloomberg, you're listening to Bloomberg.

609
00:37:08,520 --> 00:37:12,560
Speaker 1: Sound on with Kevin Surreley on Bloomberg and one or

610
00:37:12,680 --> 00:37:18,400
Speaker 1: five points two. I'm Kevin surreally g Washington, correspondent for

611
00:37:18,480 --> 00:37:23,440
Speaker 1: Bloomberg Television and for Bloomberg Radio. One of our team members,

612
00:37:23,520 --> 00:37:26,560
Speaker 1: Charlie Vohmer, has me laughing in the ib in the break,

613
00:37:27,200 --> 00:37:29,680
Speaker 1: Turkey Eve, Eve, folks. I'll be here tomorrow, you know.

614
00:37:29,719 --> 00:37:33,840
Speaker 1: We'll have I'll be eaten pie in between um breaks

615
00:37:33,880 --> 00:37:36,160
Speaker 1: and whatnot. But I hope you're gonna have a good Thanksgiving.

616
00:37:36,200 --> 00:37:38,200
Speaker 1: If you are traveling, I hope you're doing so safely

617
00:37:38,719 --> 00:37:41,400
Speaker 1: and and whatnot. Coming up, I'm gonna play for you

618
00:37:41,440 --> 00:37:46,920
Speaker 1: my interview with Congresswoman Haley Stevens about additional fiscal stimulus

619
00:37:46,960 --> 00:37:50,120
Speaker 1: and whatnot, and she really does provide a fascinating insight

620
00:37:50,920 --> 00:37:55,239
Speaker 1: into what's going on with centers Democrats because she, being

621
00:37:55,280 --> 00:37:58,320
Speaker 1: from Michigan, is in a part of the country where

622
00:37:58,840 --> 00:38:02,719
Speaker 1: she's a Democratic. Also has worked with the current administration

623
00:38:02,960 --> 00:38:06,560
Speaker 1: on issues pertaining to tariffs and trade and whatnot. We've

624
00:38:06,600 --> 00:38:10,080
Speaker 1: got a very complex political party system in the United States.

625
00:38:10,400 --> 00:38:13,440
Speaker 1: My panelist Matt Brooks, Republican strategist, executive director of the

626
00:38:13,480 --> 00:38:17,560
Speaker 1: Republican Jewish Coalition, and like me, a very depressed Philadelphia

627
00:38:17,600 --> 00:38:23,320
Speaker 1: Eagles fan. Scott a Democratic strategist, former DC Democratic Party chairman,

628
00:38:23,320 --> 00:38:27,520
Speaker 1: an attorney, and like me, a fan of bench chili bull. Scott,

629
00:38:27,800 --> 00:38:36,719
Speaker 1: what is your favorite thanks Giving d C dish? I

630
00:38:36,719 --> 00:38:38,840
Speaker 1: don't know if it's a d C dish. I'd have

631
00:38:38,960 --> 00:38:41,080
Speaker 1: been chili bowl on thanksgive it if I could, But

632
00:38:41,239 --> 00:38:43,479
Speaker 1: say I can't do that. That's one of those small

633
00:38:43,520 --> 00:38:50,920
Speaker 1: businesses affected. Maybe I'm going to trade my position with you.

634
00:38:50,960 --> 00:38:54,080
Speaker 1: But see what I did. Who says I'm that good,

635
00:38:54,239 --> 00:38:57,560
Speaker 1: Who says I don't have talent, who says I'm too young?

636
00:38:57,800 --> 00:39:01,719
Speaker 1: Go ahead, Scott. You know I like turkey neck and

637
00:39:01,840 --> 00:39:05,719
Speaker 1: Turkey tales with my dressing. Uh. And the dressing has

638
00:39:05,760 --> 00:39:08,080
Speaker 1: to be made with Italian sauce and just the recipe

639
00:39:08,080 --> 00:39:12,279
Speaker 1: of my mom. She's no longer with us, but I've

640
00:39:12,320 --> 00:39:16,520
Speaker 1: convinced my my wife to cook it uh this Thanksgiving

641
00:39:16,520 --> 00:39:19,120
Speaker 1: because I found my mom's recipe in an old scrap book.

642
00:39:19,200 --> 00:39:22,759
Speaker 1: So that's always been one of my favorite dishes. You know,

643
00:39:22,880 --> 00:39:27,239
Speaker 1: my my my mom makes my dad's uh or my

644
00:39:27,360 --> 00:39:31,399
Speaker 1: late grandma Momum. She is Italian and so she would

645
00:39:31,440 --> 00:39:35,399
Speaker 1: always make uh Easter bread and whatnots every Easter. We'll

646
00:39:35,400 --> 00:39:38,399
Speaker 1: get we'll get some of that, but no question, I mean,

647
00:39:38,440 --> 00:39:40,800
Speaker 1: food is just so good. I mean, I'm here alone,

648
00:39:40,840 --> 00:39:44,000
Speaker 1: you know why, Scott. I'm respecting the CDC and the science,

649
00:39:44,040 --> 00:39:49,960
Speaker 1: and I'm not doing anything for Thanksgiving for all of us,

650
00:39:50,239 --> 00:39:54,759
Speaker 1: for all of us. Um, Okay, it's time now for

651
00:39:54,880 --> 00:39:59,680
Speaker 1: I don't go ahead, go ahead, back, I don't know

652
00:40:01,040 --> 00:40:05,279
Speaker 1: this is getting away from me. Go ahead, go ahead. No,

653
00:40:05,480 --> 00:40:07,439
Speaker 1: I'm just gonna say that this is one thing where

654
00:40:07,440 --> 00:40:09,959
Speaker 1: there is strong bipartisan agreement on that we can both

655
00:40:10,000 --> 00:40:13,520
Speaker 1: love U. Ben's chili bowls one of my favorites. And

656
00:40:14,560 --> 00:40:17,480
Speaker 1: enough and interestingly enough, Scott, before we came on, I

657
00:40:17,800 --> 00:40:23,040
Speaker 1: literally had my my arms up to my elbows grinding

658
00:40:23,080 --> 00:40:26,160
Speaker 1: my own sausage for our love something that I love

659
00:40:26,239 --> 00:40:29,000
Speaker 1: to make so I was literally doing that before I

660
00:40:29,040 --> 00:40:32,480
Speaker 1: got on the interview today. That's amazing. That is a

661
00:40:32,600 --> 00:40:35,560
Speaker 1: that is a true Italian. I thought only Italians did it.

662
00:40:36,080 --> 00:40:39,279
Speaker 1: That's that's incredible. Okay, time now for my favorite part

663
00:40:39,280 --> 00:40:41,399
Speaker 1: of the program. Actually that was just my favorite part

664
00:40:41,400 --> 00:40:43,760
Speaker 1: of the program. But let's do what's on your radar?

665
00:40:44,320 --> 00:40:46,359
Speaker 1: Make it smart and policy to balance out what we

666
00:40:46,400 --> 00:40:49,040
Speaker 1: just did with Lord knows where that conversation was going.

667
00:40:49,440 --> 00:40:51,240
Speaker 1: Matt Brooks, I'll start with you. What's on your radar?

668
00:40:51,800 --> 00:40:54,360
Speaker 1: So I think it's very interesting. There is unconfirmed press

669
00:40:54,440 --> 00:40:59,279
Speaker 1: reports which I'm sure you've seen keV about Israelis in

670
00:40:59,320 --> 00:41:04,040
Speaker 1: saudiast in the Israelis and satis Um. What's also not

671
00:41:04,360 --> 00:41:07,680
Speaker 1: you know, there's a lot of apprehension with the potential

672
00:41:07,719 --> 00:41:11,680
Speaker 1: of the new incoming Biden team, especially people like Jake

673
00:41:11,719 --> 00:41:14,719
Speaker 1: Sullivan and others UH, that one of the priorities is

674
00:41:14,719 --> 00:41:17,279
Speaker 1: going to be to re emerge into the uh re,

675
00:41:17,480 --> 00:41:21,440
Speaker 1: enter into the Iran nuclear deal, or to somehow de

676
00:41:21,640 --> 00:41:25,839
Speaker 1: isolate uh iran Um. And this is causing a lot

677
00:41:25,880 --> 00:41:29,000
Speaker 1: of concern UH in the Sunny Gulf States, in the

678
00:41:29,040 --> 00:41:33,280
Speaker 1: Sunni Arab States, and so I think it's particularly important,

679
00:41:33,320 --> 00:41:35,239
Speaker 1: and by the way of reflection on the success that

680
00:41:35,280 --> 00:41:38,480
Speaker 1: the President has had with the Abraham Accords and and

681
00:41:38,719 --> 00:41:41,680
Speaker 1: changing the face of the alliances in the Middle East,

682
00:41:42,520 --> 00:41:45,439
Speaker 1: that this meeting with with Prime Minister Netan Yahoo and

683
00:41:45,840 --> 00:41:50,480
Speaker 1: MBS occurred. Look for a lot of pressure behind the

684
00:41:50,520 --> 00:41:55,640
Speaker 1: scenes on Pakistan uh to to recognize or to begin

685
00:41:55,760 --> 00:41:59,799
Speaker 1: normalization of relations with Israel. The Saudis are looking for

686
00:42:00,000 --> 00:42:04,760
Speaker 1: are one other major Muslim country to come on board

687
00:42:04,800 --> 00:42:06,839
Speaker 1: before they come on board, And I think the next

688
00:42:06,880 --> 00:42:09,400
Speaker 1: one in the domino that's of significance is going to

689
00:42:09,480 --> 00:42:13,040
Speaker 1: be potentially Pakistan, you know. And to that point, though,

690
00:42:13,160 --> 00:42:16,680
Speaker 1: I think we in the media have done a rough

691
00:42:16,760 --> 00:42:20,160
Speaker 1: job in terms of oversimplifying this issue with the Iran

692
00:42:20,200 --> 00:42:24,520
Speaker 1: nuclear disarmament Man Deeal, because quite simply, I mean, using

693
00:42:24,560 --> 00:42:27,440
Speaker 1: neutral words, the Middle East is very different today, that

694
00:42:27,800 --> 00:42:30,239
Speaker 1: the geopolitics of the region are very different today than

695
00:42:30,280 --> 00:42:33,840
Speaker 1: they were when Obama left office. And so because of that,

696
00:42:34,000 --> 00:42:36,440
Speaker 1: it's not like individuals can snap their fingers and just

697
00:42:36,480 --> 00:42:39,240
Speaker 1: all of a sudden put back in place the ierondnuclear disarmament.

698
00:42:39,239 --> 00:42:43,640
Speaker 1: Matel right, Matt, I mean they're gonna have to renegotiate something, uh,

699
00:42:43,719 --> 00:42:47,000
Speaker 1: because the old one is just simply outdated. Correct. But

700
00:42:47,080 --> 00:42:50,080
Speaker 1: you know, there there's a fear that they renegotiated the

701
00:42:50,080 --> 00:42:54,440
Speaker 1: the Iranians ask for precon you know, pre uh concessions

702
00:42:54,440 --> 00:42:57,520
Speaker 1: in advance, Uh to lift some sanctions or to allow

703
00:42:57,560 --> 00:42:59,640
Speaker 1: them to sell oil or some things that you know,

704
00:42:59,680 --> 00:43:03,200
Speaker 1: this administration is done, which have been very crippling. Uh.

705
00:43:03,239 --> 00:43:05,239
Speaker 1: So they may look and you know that would be

706
00:43:05,400 --> 00:43:08,640
Speaker 1: a worrisome sign. Uh, you know, if they give into

707
00:43:08,680 --> 00:43:14,000
Speaker 1: the Iranian request for some sort of good faith gesture. Precisely. Blincoln,

708
00:43:14,120 --> 00:43:16,759
Speaker 1: by the way, speaking earlier today in Wilmington, Delaware, spoke

709
00:43:16,800 --> 00:43:20,480
Speaker 1: movingly about his family's journey to America, including his stepfather

710
00:43:20,719 --> 00:43:24,279
Speaker 1: who escaped the Nazis as a child in Poland, and

711
00:43:24,320 --> 00:43:27,319
Speaker 1: greeting the US soldier with the only words he knew

712
00:43:27,360 --> 00:43:30,759
Speaker 1: in English quote, God bless America. End quote. It was

713
00:43:30,800 --> 00:43:34,040
Speaker 1: a really poignant moment in Wilmington, Delaware. From Tony Blancln

714
00:43:34,080 --> 00:43:38,840
Speaker 1: earlier today. Okay, Scott, what's on your radar? Uh? Money?

715
00:43:39,239 --> 00:43:42,400
Speaker 1: You know, when the autopsy is done, When the autopsy

716
00:43:42,880 --> 00:43:48,200
Speaker 1: on the election, the Democrats and the Republicans raised incredible

717
00:43:48,200 --> 00:43:53,239
Speaker 1: amounts of money, breaking all fundraising records, and the Democrats,

718
00:43:53,239 --> 00:43:56,640
Speaker 1: at least with mixed results. They won the White House,

719
00:43:56,680 --> 00:43:59,520
Speaker 1: they lost several seats in the on the House side,

720
00:44:00,040 --> 00:44:02,640
Speaker 1: it may or may not make things closer and more

721
00:44:02,719 --> 00:44:06,720
Speaker 1: interesting in the Senate. And yet the amounts of money

722
00:44:06,760 --> 00:44:10,880
Speaker 1: they put in the South Carolina Senate seat, in Maine

723
00:44:11,120 --> 00:44:16,000
Speaker 1: Senate seat in uh in a few other jersdicitions or

724
00:44:16,120 --> 00:44:21,640
Speaker 1: said Georgia incredible amount, hundreds of millions of dollars and

725
00:44:21,719 --> 00:44:26,480
Speaker 1: it did not pan out. That money still doesn't buy votes. UH.

726
00:44:26,520 --> 00:44:30,560
Speaker 1: Connecting with voters, having the right message and and get

727
00:44:30,560 --> 00:44:34,160
Speaker 1: out to vote efforts and organizing still rue. The day

728
00:44:34,600 --> 00:44:38,160
Speaker 1: democracy and the elections worked in America event but it

729
00:44:38,239 --> 00:44:41,560
Speaker 1: did not break. But the amounts of money simply did

730
00:44:41,640 --> 00:44:45,520
Speaker 1: not have that impact that the Dems thought in dumping

731
00:44:46,040 --> 00:44:53,880
Speaker 1: money into these various races. UH. The autopsy will be interesting. UM.

732
00:44:53,920 --> 00:44:58,400
Speaker 1: I think the Trump factor drove people to the polls,

733
00:44:58,440 --> 00:45:01,360
Speaker 1: but I also think it drove people like me to

734
00:45:01,520 --> 00:45:05,520
Speaker 1: invest in these races, thinking money would make a difference

735
00:45:05,560 --> 00:45:09,040
Speaker 1: and get out the vote in messaging, in commercials and

736
00:45:09,080 --> 00:45:12,279
Speaker 1: what have you. So when you have two electorates or

737
00:45:12,320 --> 00:45:17,120
Speaker 1: two voting bases that are highly, highly motivated, very different.

738
00:45:17,120 --> 00:45:19,680
Speaker 1: Remember post to one out of every two voters still

739
00:45:19,760 --> 00:45:23,360
Speaker 1: voters for Donald Trump. That's a whole another show's analysis.

740
00:45:23,400 --> 00:45:26,799
Speaker 1: But that money, in the end did not make the

741
00:45:27,000 --> 00:45:30,600
Speaker 1: huge difference and could not cause the did not cause

742
00:45:30,719 --> 00:45:34,279
Speaker 1: the blue sweep that Democrats were hoping for, given the

743
00:45:34,360 --> 00:45:38,719
Speaker 1: unpopularity and the polling, which is always questionable when it

744
00:45:38,760 --> 00:45:41,560
Speaker 1: comes to Donald Trump, but given the polling and and

745
00:45:41,719 --> 00:45:44,760
Speaker 1: all the in the media, it just simply did not happen.

746
00:45:45,160 --> 00:45:49,839
Speaker 1: People went to vote their interests and who they believed in.

747
00:45:49,920 --> 00:45:53,640
Speaker 1: That's a really fascinating point, um and and and really

748
00:45:54,239 --> 00:45:57,080
Speaker 1: uh fascinating just because it's so layered, and the answers

749
00:45:57,080 --> 00:46:00,640
Speaker 1: to that, especially in a fragmented media environment, is just

750
00:46:00,760 --> 00:46:03,799
Speaker 1: crucial as things move forward. Okay, this is one of

751
00:46:03,800 --> 00:46:05,799
Speaker 1: the shows. I have to be honest, because I do

752
00:46:05,880 --> 00:46:08,400
Speaker 1: this show. We used to do it pre pandemic in

753
00:46:08,520 --> 00:46:11,600
Speaker 1: this in the bureau in the studio where we'd have

754
00:46:11,680 --> 00:46:13,560
Speaker 1: the panel with me in the room for the hour,

755
00:46:14,160 --> 00:46:16,320
Speaker 1: and I have to say, this is one of the

756
00:46:16,360 --> 00:46:19,840
Speaker 1: shows where I genuinely missed that because Matt and Scott

757
00:46:20,280 --> 00:46:23,720
Speaker 1: you have made this exactly the type of conversational show

758
00:46:23,960 --> 00:46:25,520
Speaker 1: that I've wanted and I felt like you were here

759
00:46:25,560 --> 00:46:28,360
Speaker 1: with me, but you're still not. So my happiest thanksgiving

760
00:46:28,400 --> 00:46:30,799
Speaker 1: to both both of you as well as to your

761
00:46:30,840 --> 00:46:33,600
Speaker 1: beautiful families. Uh, and thank you so much for spending

762
00:46:33,600 --> 00:46:35,279
Speaker 1: the time with me. Coming up next, I'll share what's

763
00:46:35,280 --> 00:46:38,280
Speaker 1: on my radar and we'll check in with Congresswoman Haley Stevens.

764
00:46:38,800 --> 00:46:41,839
Speaker 1: Go Eagles, Matt, it's been a rough year enough. Can

765
00:46:41,920 --> 00:46:45,000
Speaker 1: we get a win? Can we get out? I know?

766
00:46:45,600 --> 00:46:48,240
Speaker 1: And we got Dwight Howard, now So and the Sixers.

767
00:46:48,239 --> 00:46:50,680
Speaker 1: I'm Kevin Cirelli. Thank you Scott as as well. You're

768
00:46:50,719 --> 00:47:03,640
Speaker 1: listening to Bloomberg nine and I one. You're listening to

769
00:47:03,760 --> 00:47:08,399
Speaker 1: Bloomberg Sound On with Kevin Sirele on Bloomberg and one

770
00:47:08,400 --> 00:47:11,160
Speaker 1: oh five point seven f M HD two. I'm Kevin

771
00:47:11,200 --> 00:47:16,240
Speaker 1: Sireli Gief Washington, correspondent for Bloomberg Television and for Bloomberg Radio.

772
00:47:16,280 --> 00:47:20,160
Speaker 1: Here's what's all my radar China and five G. Earlier today,

773
00:47:20,280 --> 00:47:22,640
Speaker 1: I filled in for David weston will Balance of Power

774
00:47:22,680 --> 00:47:25,439
Speaker 1: with my colleague Taylor Riggs, and I spoke with Ian

775
00:47:25,480 --> 00:47:28,360
Speaker 1: Bremer of the Eurasia Group and G zero media, and

776
00:47:28,400 --> 00:47:30,520
Speaker 1: I asked him about whether or not there would be

777
00:47:30,880 --> 00:47:35,160
Speaker 1: much of a significant policy shift in five G strategy

778
00:47:35,360 --> 00:47:40,279
Speaker 1: with regards to China and the incoming administration. Take a

779
00:47:40,320 --> 00:47:43,919
Speaker 1: listen to what Ian Bremer told me. I believe that

780
00:47:44,360 --> 00:47:49,040
Speaker 1: the Trump foreign policy on five G, specifically in terms

781
00:47:49,040 --> 00:47:53,520
Speaker 1: of Huawei, has been the most successful foreign policy they

782
00:47:53,520 --> 00:47:57,279
Speaker 1: have implemented in their entire administration. As you mentioned, they've

783
00:47:57,280 --> 00:48:01,000
Speaker 1: gotten a surprising number of allies signed up and this

784
00:48:01,000 --> 00:48:05,040
Speaker 1: this didn't exist as a policy before Trump, and I

785
00:48:05,080 --> 00:48:10,399
Speaker 1: know for a fact that the incoming Biden administration understands

786
00:48:10,440 --> 00:48:15,040
Speaker 1: that success and wants to continue along those lines. One

787
00:48:15,040 --> 00:48:18,319
Speaker 1: of the individuals at the forefront of this conversation is

788
00:48:18,440 --> 00:48:22,280
Speaker 1: a largely a political role, the under Secretary for Economic

789
00:48:22,320 --> 00:48:25,839
Speaker 1: Affairs at the State's Department, led by Keith Kroc, and

790
00:48:26,080 --> 00:48:28,880
Speaker 1: he really has been spending the last several months traveling

791
00:48:28,920 --> 00:48:33,440
Speaker 1: the world, most recently to Latin America, meeting with foreign

792
00:48:33,680 --> 00:48:37,480
Speaker 1: leaders to talk about five G and the need for

793
00:48:37,600 --> 00:48:40,960
Speaker 1: the United States, UH and other countries to move away

794
00:48:41,000 --> 00:48:45,680
Speaker 1: from China because of various national security concerns. I spoke

795
00:48:45,800 --> 00:48:48,760
Speaker 1: with the under Secretary for Economic Affairs Keith Croc earlier

796
00:48:48,800 --> 00:48:51,879
Speaker 1: today about this and his recent trips uh and take

797
00:48:51,880 --> 00:48:55,120
Speaker 1: a listen to what he told me. Kevin, I think

798
00:48:55,160 --> 00:48:59,839
Speaker 1: that you know what began as a pilot in terms

799
00:48:59,880 --> 00:49:03,520
Speaker 1: of the clean network. I think is this is one

800
00:49:03,560 --> 00:49:06,799
Speaker 1: of the things in terms of the Chinese Commist Party

801
00:49:06,800 --> 00:49:10,600
Speaker 1: that's overwhelming success. And I think to hit on that

802
00:49:10,760 --> 00:49:15,280
Speaker 1: threat of alliance, of an alliance of democrats uniting those

803
00:49:15,320 --> 00:49:20,400
Speaker 1: democracies around the world based on democratic values, it turns

804
00:49:20,480 --> 00:49:24,359
Speaker 1: the tables on the Chinese Communist Party. And and if

805
00:49:24,400 --> 00:49:28,600
Speaker 1: you look at where this can be uh extended to

806
00:49:28,719 --> 00:49:33,440
Speaker 1: that we're already doing. It's in areas of clean infrastructure. UM,

807
00:49:33,520 --> 00:49:40,680
Speaker 1: it's in areas of clean financing, clean minerals, clean supply chains,

808
00:49:40,880 --> 00:49:44,120
Speaker 1: clean energy. And there you have it with Keith Rock

809
00:49:44,360 --> 00:49:46,480
Speaker 1: And now for my interview along with Tailor Riggs, with

810
00:49:46,480 --> 00:49:51,560
Speaker 1: Congresswoman Hailey Stevens, a Democrat of Michigan, on fiscal stimulus. Well,

811
00:49:51,600 --> 00:49:53,279
Speaker 1: we need it, and we know we need it now

812
00:49:54,120 --> 00:49:58,920
Speaker 1: or right now, a few days before Thanksgiving, and certainly

813
00:49:58,920 --> 00:50:01,440
Speaker 1: no one's pretty prepared or to take a vote, but

814
00:50:02,000 --> 00:50:05,200
Speaker 1: it's clear from our small businesses, to our public schools,

815
00:50:05,320 --> 00:50:08,600
Speaker 1: to our state and local budgets, that we need a

816
00:50:08,680 --> 00:50:12,000
Speaker 1: relief package, just as we needed one uh in in

817
00:50:12,160 --> 00:50:15,120
Speaker 1: early summer. And I'll tell you you start to look

818
00:50:15,160 --> 00:50:19,399
Speaker 1: at the spike in cases and right now, in some ways, Kevin,

819
00:50:19,400 --> 00:50:24,080
Speaker 1: it's all eyes on North Dakota. Right there's just an

820
00:50:24,080 --> 00:50:29,080
Speaker 1: exsordinant rate of fatalities at cases lines around the blood

821
00:50:29,640 --> 00:50:33,759
Speaker 1: And I mentioned that because that's Republican leadership in that

822
00:50:33,960 --> 00:50:37,640
Speaker 1: state that could really come to the table with Democratic

823
00:50:37,719 --> 00:50:40,879
Speaker 1: leadership in the House to say, let's get a package done,

824
00:50:40,960 --> 00:50:45,000
Speaker 1: because our small businesses can't withstand this, our job loss.

825
00:50:45,120 --> 00:50:47,480
Speaker 1: It can't go on like this. We need to be

826
00:50:47,560 --> 00:50:49,920
Speaker 1: able to booy our economy and get through to the

827
00:50:49,920 --> 00:50:53,000
Speaker 1: other side of this pandemic. It's in some ways very

828
00:50:53,040 --> 00:50:55,719
Speaker 1: similar to where we were in the early days of

829
00:50:55,800 --> 00:50:58,839
Speaker 1: this virus. Well, so follow up on that precisely in

830
00:50:58,920 --> 00:51:02,440
Speaker 1: terms of getting past the hard line and getting a

831
00:51:02,480 --> 00:51:05,239
Speaker 1: past where the both sides are dug in. You've worked

832
00:51:05,280 --> 00:51:07,760
Speaker 1: with Republicans before, you're much more of a centrist Democrat

833
00:51:08,040 --> 00:51:10,759
Speaker 1: in terms of another round of fiscal relief. Do you

834
00:51:10,800 --> 00:51:13,680
Speaker 1: think it's gonna take Republicans in red states where the

835
00:51:13,760 --> 00:51:17,600
Speaker 1: virus has surged in order to put pressure on compromise.

836
00:51:19,080 --> 00:51:20,920
Speaker 1: We want to see that. I think that there's a

837
00:51:20,960 --> 00:51:25,240
Speaker 1: real opportunity for that. One of the other ongoing questions, Kevin,

838
00:51:25,640 --> 00:51:29,719
Speaker 1: are the Georgia's special elections. And I heard I thought, Hey,

839
00:51:29,760 --> 00:51:32,279
Speaker 1: are we going to see Mitch McConnell not come to

840
00:51:32,320 --> 00:51:36,120
Speaker 1: the table because of the special elections in Georgia, which

841
00:51:36,400 --> 00:51:40,040
Speaker 1: in many respects is exactly the opposite of what the

842
00:51:40,080 --> 00:51:44,320
Speaker 1: American people want right. They want an end to the politicking.

843
00:51:44,400 --> 00:51:47,400
Speaker 1: They want an end to the politics above everything, and

844
00:51:47,440 --> 00:51:50,960
Speaker 1: the deal to get done for the American worker, the

845
00:51:51,000 --> 00:51:54,200
Speaker 1: American small business. I'll tell you you're you're absolutely spot on.

846
00:51:54,280 --> 00:51:56,600
Speaker 1: I I've worked on both sides of the aisle. I

847
00:51:56,680 --> 00:52:00,000
Speaker 1: worked in the Obama administration on the US Auto rescue.

848
00:52:00,000 --> 00:52:02,840
Speaker 1: At all known fact that the Bush appointees came to

849
00:52:02,880 --> 00:52:05,399
Speaker 1: the table with those of us in the Obama administration

850
00:52:05,480 --> 00:52:08,200
Speaker 1: to get us through the first hundred days. That auto

851
00:52:08,280 --> 00:52:12,320
Speaker 1: rescue team, led by Steve Brantner, was also comprised of

852
00:52:12,320 --> 00:52:15,680
Speaker 1: of Republicans, people who have gone on to run for

853
00:52:15,800 --> 00:52:18,680
Speaker 1: office in the Republican Party. But yet we were a

854
00:52:18,680 --> 00:52:22,319
Speaker 1: team united to save the US auto industry. And now

855
00:52:22,320 --> 00:52:25,680
Speaker 1: when we're looking at the balance of the American economy

856
00:52:25,719 --> 00:52:28,719
Speaker 1: and getting deals done. We should be able to do this.

857
00:52:28,920 --> 00:52:32,000
Speaker 1: I have I have withheld this, sir, I've I've withheld

858
00:52:32,040 --> 00:52:34,400
Speaker 1: this notion that you know, look, we don't need to

859
00:52:34,400 --> 00:52:37,160
Speaker 1: get cynical. We've just got to get to work. And

860
00:52:37,200 --> 00:52:41,040
Speaker 1: so I'm maintaining those conversations. I've got good relationships with

861
00:52:41,080 --> 00:52:44,719
Speaker 1: my colleagues. I'm not taking extreme viewpoints, and I'm continuing

862
00:52:44,760 --> 00:52:47,120
Speaker 1: also to advocate for what we need here in Michigan,

863
00:52:47,360 --> 00:52:50,280
Speaker 1: which is my goodness, that support for our small businesses.

864
00:52:50,920 --> 00:52:53,480
Speaker 1: So then why can't you or what pressure have you

865
00:52:53,480 --> 00:52:55,960
Speaker 1: put on Speaker Pelosi to work with minution into a

866
00:52:55,960 --> 00:52:59,160
Speaker 1: piecemeal approach versus and all or nothing approach which leaves

867
00:52:59,239 --> 00:53:03,120
Speaker 1: us with nothing. Well, we certainly saw Mr. Minusian somewhat

868
00:53:03,160 --> 00:53:07,320
Speaker 1: explode last week when he called on the Federal Reserve

869
00:53:07,440 --> 00:53:10,400
Speaker 1: to return the dollars that had been allocated to the

870
00:53:10,440 --> 00:53:16,839
Speaker 1: Federal Reserve to who we are economy? Yeah, during the CARECT. Well, look,

871
00:53:17,080 --> 00:53:20,399
Speaker 1: I've been very clear with with my leadership. I don't

872
00:53:20,440 --> 00:53:23,279
Speaker 1: think we need to get into the race to the

873
00:53:23,320 --> 00:53:26,399
Speaker 1: bottom with the dollar figure. I think what we need

874
00:53:26,640 --> 00:53:30,320
Speaker 1: is is relief and have regularly taken to the House

875
00:53:30,400 --> 00:53:33,880
Speaker 1: floor and spend the time listening. Right, and spent the

876
00:53:33,920 --> 00:53:37,200
Speaker 1: time listening. But right now in this environment, we're also

877
00:53:37,280 --> 00:53:40,680
Speaker 1: removed from one another, which is which is also what's

878
00:53:40,719 --> 00:53:44,399
Speaker 1: causing problems. So the letter writing campaigns that go on,

879
00:53:44,760 --> 00:53:48,600
Speaker 1: obviously spending time with my my constituents and reconfirming us.

880
00:53:48,640 --> 00:53:52,279
Speaker 1: I worked really closely with about a governor so of

881
00:53:52,360 --> 00:53:55,759
Speaker 1: the mayors and township supervisors right here in my suburban

882
00:53:55,960 --> 00:53:59,040
Speaker 1: district in Metro Detroit. Most of them by and large

883
00:53:59,080 --> 00:54:01,000
Speaker 1: are on the other side out of the aisle. So

884
00:54:01,200 --> 00:54:04,840
Speaker 1: I take their viewpoints and and and bring them together

885
00:54:04,920 --> 00:54:07,640
Speaker 1: and then share them with my my House leadership. What

886
00:54:07,800 --> 00:54:10,360
Speaker 1: is it, Taylor, We need our fair share of federal funding.

887
00:54:10,719 --> 00:54:13,120
Speaker 1: That's what we need. We don't need, and they say, hey,

888
00:54:13,320 --> 00:54:16,680
Speaker 1: fiscal responsibility. I think that's really important. I call it

889
00:54:16,800 --> 00:54:21,240
Speaker 1: return on spend, the return on the taxpayer dollar that

890
00:54:21,239 --> 00:54:23,480
Speaker 1: that that's being fund and we're keeping the heat on.

891
00:54:23,840 --> 00:54:25,879
Speaker 1: You know, certainly we wanted to get a deal done.

892
00:54:26,040 --> 00:54:28,480
Speaker 1: The House is voted, we know that we have the

893
00:54:28,480 --> 00:54:30,880
Speaker 1: words from Mitch McConnell. We don't think it's time to

894
00:54:30,920 --> 00:54:34,960
Speaker 1: act moving forward on a Supreme Court nominee talking to

895
00:54:35,000 --> 00:54:37,920
Speaker 1: my US senators here in Michigan who are also frustrated.

896
00:54:38,680 --> 00:54:43,200
Speaker 1: That was my interview along with Taylor Riggs earlier today

897
00:54:43,200 --> 00:54:47,680
Speaker 1: on Balanced Power with Congressman Haley Stevens, Democrat from Michigan,

898
00:54:47,760 --> 00:54:50,960
Speaker 1: talking about all things geo politics and domestic Front on

899
00:54:51,000 --> 00:54:55,120
Speaker 1: the financial sector of Front. Uh. We got like a

900
00:54:55,120 --> 00:54:58,359
Speaker 1: minute left, and I gotta say, I'm a little bit

901
00:54:58,360 --> 00:55:00,920
Speaker 1: disappointed that I didn't work this in with our previous

902
00:55:00,960 --> 00:55:06,080
Speaker 1: panelists because I wanted to ask them about Corn and Cobb.

903
00:55:07,000 --> 00:55:10,480
Speaker 1: Those are the names of the two turkeys that our

904
00:55:10,560 --> 00:55:15,320
Speaker 1: President Donald Trump and First Lady Melania Trump celebrated by pardoning.

905
00:55:15,600 --> 00:55:19,279
Speaker 1: Mr Trump, I'm reading from CBS News. Mr Trump exercised

906
00:55:19,320 --> 00:55:22,880
Speaker 1: his pardon power during a Rose Garden event, granting the

907
00:55:22,920 --> 00:55:27,040
Speaker 1: turkey named Corn a full pardon. The other turkey, Cobb,

908
00:55:27,640 --> 00:55:31,480
Speaker 1: will live to quote Corn I hereby grant you a

909
00:55:31,520 --> 00:55:36,279
Speaker 1: full pardon end quote. Mr Trump said, Uh, he did

910
00:55:36,280 --> 00:55:39,759
Speaker 1: not take questions from the media, but uh, this is

911
00:55:39,800 --> 00:55:43,600
Speaker 1: of course in annual turkey pardnering, which dates all the

912
00:55:43,600 --> 00:55:48,120
Speaker 1: way back to President George H. W. Bus Bush. Uh

913
00:55:48,120 --> 00:55:52,240
Speaker 1: and comes and what has become really a tradition, Corn

914
00:55:52,280 --> 00:55:58,439
Speaker 1: and Cob, Corn and Cobb being pardoned. Which Turkey would

915
00:55:58,440 --> 00:56:03,280
Speaker 1: you pardon? Washington, Kevin Surrey, I'm Kevin's earlier. You're listening

916
00:56:03,320 --> 00:56:04,560
Speaker 1: to Bloomberg nine and I want