1 00:00:01,639 --> 00:00:06,920 Speaker 1: Now from our nation's capital. This is Bloomberg's sound on 2 00:00:07,160 --> 00:00:09,920 Speaker 1: Italian American people, and then we're gonna get control the flesh. 3 00:00:09,960 --> 00:00:12,920 Speaker 1: Mitch McConnell, is a disgrace and I hope you're gonna 4 00:00:12,920 --> 00:00:15,680 Speaker 1: do something about it. Ja, they hit the Jackpot to 5 00:00:15,720 --> 00:00:19,680 Speaker 1: be able to be in the wealthiest sanctuary jurisdiction in 6 00:00:19,760 --> 00:00:23,919 Speaker 1: the world. Bloomberg sound on politics, policy and perspective from 7 00:00:24,000 --> 00:00:27,440 Speaker 1: DC's top name, samual trump said. No, I'm not inciting, 8 00:00:27,440 --> 00:00:30,160 Speaker 1: this is just my opinion, but he has a way 9 00:00:30,200 --> 00:00:32,839 Speaker 1: of saying things that we know insight. It's kind of 10 00:00:32,880 --> 00:00:36,680 Speaker 1: like the United States of Nicaragua. I mean Bloomberg sound 11 00:00:36,760 --> 00:00:42,360 Speaker 1: on with Joe Matthew on Bloomberg Radio. President Biden opens 12 00:00:42,360 --> 00:00:45,000 Speaker 1: a busy week with hopes for a soft landing. Welcome 13 00:00:45,040 --> 00:00:48,519 Speaker 1: to the fastest hour in politics. As the President returns 14 00:00:48,560 --> 00:00:51,440 Speaker 1: to the nation's capital after attending the Queen's funeral and 15 00:00:51,560 --> 00:00:54,760 Speaker 1: before tomorrow's trip to the U N will be joined 16 00:00:54,800 --> 00:00:57,600 Speaker 1: in a moment by Pangia policy founder Terry Haines. On 17 00:00:57,680 --> 00:01:02,880 Speaker 1: the president's rising approval ratings and the fiscal instability he's facing. 18 00:01:02,880 --> 00:01:06,000 Speaker 1: The president has declared an end of the pandemic, but 19 00:01:06,160 --> 00:01:09,480 Speaker 1: not everyone agrees. We'll talk with Dr Eric Topel, professor 20 00:01:09,520 --> 00:01:13,080 Speaker 1: of Molecular Medicine at Scripts Research Institute, later this hour 21 00:01:13,520 --> 00:01:16,080 Speaker 1: and we'll put all that and more to our signature panel. 22 00:01:16,120 --> 00:01:20,160 Speaker 1: Bloomberg Politics Contributors Jeanie Chanzano and Rick Davis are with 23 00:01:20,280 --> 00:01:24,000 Speaker 1: us for the hour. President Biden touchdown at Andrew's about 24 00:01:24,000 --> 00:01:26,320 Speaker 1: a half hour ago. Quick trip to London for the 25 00:01:26,400 --> 00:01:33,720 Speaker 1: Queen's funeral. Sound of the funeral procession following the service 26 00:01:34,040 --> 00:01:38,360 Speaker 1: at Westminster Abbey. Dignitaries from around the world gathered to 27 00:01:38,360 --> 00:01:41,880 Speaker 1: pay final respects. It was really something to see, and 28 00:01:42,000 --> 00:01:44,320 Speaker 1: you saw it and heard it unfold, of course, live 29 00:01:44,440 --> 00:01:49,920 Speaker 1: here on Bloomberg radio. Many of these same dignitaries will 30 00:01:49,960 --> 00:01:52,920 Speaker 1: be back together in a matter of hours as the 31 00:01:53,040 --> 00:01:56,840 Speaker 1: U N General Assembly takes place this week. President Biden 32 00:01:56,960 --> 00:01:59,000 Speaker 1: quick to head home with the first lady. For that 33 00:01:59,040 --> 00:02:04,560 Speaker 1: reason he will speak Wednesday, which, yes, of course, is 34 00:02:04,720 --> 00:02:09,320 Speaker 1: fed day after telling sixty minutes last night's that we 35 00:02:09,440 --> 00:02:13,080 Speaker 1: are getting our arms around inflation. I'm telling American people 36 00:02:13,160 --> 00:02:15,120 Speaker 1: then we're going to get control the flesh it. We're 37 00:02:15,120 --> 00:02:17,560 Speaker 1: in a position where for the last several months it 38 00:02:17,639 --> 00:02:21,119 Speaker 1: hasn't spiked and in the meantime we've created all these 39 00:02:21,200 --> 00:02:25,560 Speaker 1: jobs and prices have have gone up, but they've come down. 40 00:02:25,600 --> 00:02:29,240 Speaker 1: For Energy, it hasn't spiked, he says, but of course 41 00:02:29,440 --> 00:02:32,200 Speaker 1: it still needs to go down and buy a lot, 42 00:02:33,560 --> 00:02:35,840 Speaker 1: and the Federal Reserve will likely remind every one of 43 00:02:35,880 --> 00:02:37,840 Speaker 1: this in just two days. Joining us to talk about 44 00:02:37,840 --> 00:02:41,880 Speaker 1: it Terry Haynes, founder of Pangea policy here in Washington. 45 00:02:42,400 --> 00:02:44,560 Speaker 1: He just happens to be in London, as a matter 46 00:02:44,600 --> 00:02:47,120 Speaker 1: of fact, and I can't imagine, Terry, that you had 47 00:02:47,200 --> 00:02:50,280 Speaker 1: this funeral in mind when you first scheduled this trip. 48 00:02:50,320 --> 00:02:53,560 Speaker 1: You're doing all right. Yeah, doing fine. Thank you very much. 49 00:02:53,760 --> 00:02:56,480 Speaker 1: Thanks for joining us so late. No, no, of course 50 00:02:56,520 --> 00:02:59,359 Speaker 1: it's it looks it's quite something. It's, uh, you know, 51 00:02:59,360 --> 00:03:03,079 Speaker 1: a lot of Washingtonians have been in and around inaugurals. 52 00:03:03,480 --> 00:03:06,760 Speaker 1: Imagine this on one level. Imagine this time is about 53 00:03:06,800 --> 00:03:12,040 Speaker 1: five Uh. And of course the significance of it is, uh, 54 00:03:12,160 --> 00:03:14,960 Speaker 1: you know, almost unprecedented. You've got change out of the 55 00:03:14,960 --> 00:03:17,680 Speaker 1: head of state after seventy years. So it's very, very consequential. 56 00:03:17,680 --> 00:03:21,640 Speaker 1: A lot of wit. So, Terry, the Biden Administration seems 57 00:03:21,680 --> 00:03:23,239 Speaker 1: to have won the argument that we are not in 58 00:03:23,200 --> 00:03:26,680 Speaker 1: any recession right now, despite the two quarters of negative growth. 59 00:03:27,240 --> 00:03:29,560 Speaker 1: Can It win the argument that Joe Biden just made 60 00:03:29,560 --> 00:03:32,720 Speaker 1: the sixty minutes that inflation is bad but the rest 61 00:03:32,760 --> 00:03:36,280 Speaker 1: of the economy is good? No, I don't think they can. 62 00:03:36,400 --> 00:03:38,760 Speaker 1: Joe A couple of things. It is, you know, the 63 00:03:38,840 --> 00:03:42,760 Speaker 1: facts Auger against them, uh, number one. Number two, I 64 00:03:42,800 --> 00:03:46,240 Speaker 1: think the experiences of the lived experience of people every 65 00:03:46,280 --> 00:03:50,400 Speaker 1: day augurs against them. Uh, you know, who have not 66 00:03:50,440 --> 00:03:52,880 Speaker 1: only experienced the inflation but they're being told that there's 67 00:03:53,200 --> 00:03:57,160 Speaker 1: serious inflation that's not going to go down anytime soon. Thirdly, 68 00:03:57,440 --> 00:04:00,960 Speaker 1: uh Biden seems to have a basic messaging prob uh 69 00:04:01,080 --> 00:04:04,000 Speaker 1: on this. I thought this was the I thought this 70 00:04:04,080 --> 00:04:06,760 Speaker 1: was the feds issue to solve a few months ago, 71 00:04:06,840 --> 00:04:08,920 Speaker 1: and now he wants to take it back and say 72 00:04:08,960 --> 00:04:11,760 Speaker 1: that we will um, which of course puts him more 73 00:04:11,800 --> 00:04:14,280 Speaker 1: in the bulls eye rather than less. So you know, 74 00:04:14,360 --> 00:04:19,120 Speaker 1: I'm I'm not. I don't mistake messaging for reality, but 75 00:04:19,880 --> 00:04:24,800 Speaker 1: messaging shapes reality sometimes and UH, they're having a hard ton. Well, 76 00:04:24,839 --> 00:04:26,760 Speaker 1: if you know, he likes to talk about gas prices 77 00:04:26,920 --> 00:04:30,680 Speaker 1: and reminding that we, uh you know, they've been been 78 00:04:30,760 --> 00:04:35,000 Speaker 1: releasing millions of barrels from the strategic reserve. So taking 79 00:04:35,000 --> 00:04:38,080 Speaker 1: credit for that, um. But of course, you know, as 80 00:04:38,120 --> 00:04:41,599 Speaker 1: we look at this winter approaching, oil prices may not 81 00:04:41,720 --> 00:04:44,800 Speaker 1: stay where they are. We're celebrating mid eighties right now, Terry. 82 00:04:44,839 --> 00:04:47,039 Speaker 1: What do you expect we're gonna WE'RE gonna be talking 83 00:04:47,080 --> 00:04:49,240 Speaker 1: about when it gets cold outside, because that changes the 84 00:04:49,279 --> 00:04:52,840 Speaker 1: whole picture for the CPI, for everything we're talking about. Sure, sure, 85 00:04:52,839 --> 00:04:54,600 Speaker 1: and I well, I expected to go off for a 86 00:04:54,680 --> 00:04:58,920 Speaker 1: variety of reasons, uh, one being uh, one being Ukraine 87 00:04:59,000 --> 00:05:03,159 Speaker 1: and the continue new difficulties there. Another being, uh, what 88 00:05:03,360 --> 00:05:06,240 Speaker 1: needs to happen in order to help Europe, and I 89 00:05:06,279 --> 00:05:09,120 Speaker 1: think there's not enough attention paid to that in the 90 00:05:09,200 --> 00:05:12,839 Speaker 1: United States and why it will be in our interests 91 00:05:13,040 --> 00:05:17,320 Speaker 1: to do as much proactively for Europe as possible. So 92 00:05:17,800 --> 00:05:22,200 Speaker 1: Net net is that, uh, they will probably have there'll 93 00:05:22,200 --> 00:05:25,240 Speaker 1: probably be a situation where where the price of oil 94 00:05:25,279 --> 00:05:28,600 Speaker 1: goes up yet again. Uh, the administration is going to 95 00:05:28,680 --> 00:05:31,000 Speaker 1: need to do something about that. So I think I 96 00:05:31,040 --> 00:05:34,880 Speaker 1: wouldn't over promise if I were them. You're writing, H Terry, 97 00:05:34,920 --> 00:05:39,080 Speaker 1: about fiscal instability as another byproduct of these conditions of 98 00:05:39,120 --> 00:05:44,320 Speaker 1: inflation of monetary policy combining rising fiscal instability. That is 99 00:05:44,480 --> 00:05:46,840 Speaker 1: not music to the ears of the Biden Administration. What 100 00:05:46,880 --> 00:05:48,839 Speaker 1: does it mean? You know, it's not gonna it's not 101 00:05:48,839 --> 00:05:51,200 Speaker 1: gonna change a lot between now and November. But as 102 00:05:51,200 --> 00:05:53,320 Speaker 1: we go into next year and this president thinks about 103 00:05:53,400 --> 00:05:57,240 Speaker 1: running for re election, it's going to be a major story. Right. Oh, 104 00:05:57,279 --> 00:06:00,240 Speaker 1: I think so. Two things about this. One is, you know, 105 00:06:00,320 --> 00:06:02,760 Speaker 1: it'd be very facile of me to sit this week, 106 00:06:02,800 --> 00:06:05,360 Speaker 1: and particularly sit in London this week, and say, you know, 107 00:06:05,400 --> 00:06:07,920 Speaker 1: we're it's some kind of a hinge here, but a 108 00:06:08,040 --> 00:06:11,120 Speaker 1: number of ways we are. But the you know, one 109 00:06:11,200 --> 00:06:14,200 Speaker 1: hinge we're in right now is the divergence, for the 110 00:06:14,240 --> 00:06:18,320 Speaker 1: first time in the generation, between monetary policy and fiscal policy. 111 00:06:18,720 --> 00:06:23,080 Speaker 1: Monetary policy has enabled continued fiscal growth. It has enabled, 112 00:06:23,080 --> 00:06:26,799 Speaker 1: among other things, uh, the huge splash outs we've seen 113 00:06:27,160 --> 00:06:30,560 Speaker 1: over the past several years for covid related things and 114 00:06:30,720 --> 00:06:34,960 Speaker 1: for the Biden Administration's priorities. Uh, that's all well and 115 00:06:35,000 --> 00:06:38,120 Speaker 1: good as long as there's a communative monetary policy, but 116 00:06:38,200 --> 00:06:41,800 Speaker 1: when it starts diverging as it as it will in 117 00:06:41,839 --> 00:06:44,520 Speaker 1: the UK with the new trust government, that who wants 118 00:06:44,560 --> 00:06:46,599 Speaker 1: to want to spend a lot, as it will with 119 00:06:46,680 --> 00:06:50,440 Speaker 1: the Biden administration, as it probably will in Europe, what 120 00:06:50,560 --> 00:06:52,960 Speaker 1: you're going to have is a situation where debt and 121 00:06:53,040 --> 00:06:56,359 Speaker 1: deficits are going to rise and that's probably gonna scoop 122 00:06:56,400 --> 00:07:00,400 Speaker 1: markets further. So, Um, you know, it's we're we're really 123 00:07:00,440 --> 00:07:02,440 Speaker 1: looking at the first time, as I say, in a 124 00:07:02,520 --> 00:07:06,760 Speaker 1: generation where UH policy, fiscal policy makers are gonna have 125 00:07:06,839 --> 00:07:08,520 Speaker 1: to get out of the Rut they've been in and 126 00:07:08,560 --> 00:07:12,400 Speaker 1: start thinking more creatively and frankly working across the aisland. Well, 127 00:07:12,440 --> 00:07:14,400 Speaker 1: the president is feeling pretty hopeful, you know, when you 128 00:07:14,440 --> 00:07:16,880 Speaker 1: listen to him talk. We've got this new NBC News 129 00:07:16,880 --> 00:07:21,320 Speaker 1: pull out showing his approval rating rising to forty, which 130 00:07:21,360 --> 00:07:24,040 Speaker 1: you wouldn't think we'd be cheering. You know, a water, 131 00:07:24,360 --> 00:07:26,920 Speaker 1: an underwater number, but that's the highest and almost a year, 132 00:07:26,960 --> 00:07:30,400 Speaker 1: the highest ince October. How does he push that over fifty? 133 00:07:30,480 --> 00:07:35,120 Speaker 1: Is it possible? Um, technically yes, I think. In Reality No. 134 00:07:35,440 --> 00:07:37,440 Speaker 1: I mean, you've got a so this is the high 135 00:07:37,480 --> 00:07:40,880 Speaker 1: water mark? I think probably you've got forty of the 136 00:07:40,880 --> 00:07:44,240 Speaker 1: country that's that's dead set against him and you've got 137 00:07:44,280 --> 00:07:48,120 Speaker 1: another in the Middle Um that you know are are 138 00:07:48,240 --> 00:07:50,840 Speaker 1: resisting being reached by a lot of the messaging we 139 00:07:50,960 --> 00:07:53,880 Speaker 1: talked about before. So he's not gonna have any serious 140 00:07:53,880 --> 00:07:57,600 Speaker 1: breakthrough any time since. Well, speaking of messaging, uh, you know, 141 00:07:57,680 --> 00:08:00,080 Speaker 1: Taiwan came up in this sixty minutes interview and I 142 00:08:00,120 --> 00:08:04,160 Speaker 1: wonder if there is actually a market uh angle to this, 143 00:08:04,480 --> 00:08:06,480 Speaker 1: and I think your answer is gonna be yes. But 144 00:08:06,560 --> 00:08:08,320 Speaker 1: listen to what the president said last night when he 145 00:08:08,400 --> 00:08:10,720 Speaker 1: was asked directly by Scott Kelly at the United States 146 00:08:10,720 --> 00:08:14,119 Speaker 1: would come militarily. This is men and women on the ground, 147 00:08:14,320 --> 00:08:16,680 Speaker 1: airplanes in the air, whatever we're talking about, ships at 148 00:08:16,720 --> 00:08:19,720 Speaker 1: sea here to help defend Taiwan in the case of 149 00:08:19,720 --> 00:08:22,400 Speaker 1: a Chinese invasion. We agree with what we signed on 150 00:08:22,520 --> 00:08:26,320 Speaker 1: do a long time ago and that there's one China 151 00:08:26,360 --> 00:08:29,720 Speaker 1: policy and Taiwan makes their own judgments about their independence. 152 00:08:30,280 --> 00:08:33,679 Speaker 1: We are not moving, we're not encouraging or being independent. 153 00:08:33,800 --> 00:08:37,360 Speaker 1: We're not that that's their decision. But would US forces 154 00:08:37,440 --> 00:08:40,040 Speaker 1: defend the island? Yes, if in fact there was an 155 00:08:40,080 --> 00:08:43,200 Speaker 1: unprecedented an attack. So that kind of talk rattles China. 156 00:08:43,280 --> 00:08:45,720 Speaker 1: We heard back from them very quickly, very stern reply 157 00:08:45,840 --> 00:08:48,280 Speaker 1: from the Foreign Ministry, terryhanes. Does it start to rattle 158 00:08:48,320 --> 00:08:52,480 Speaker 1: the markets. I think it will fairly soon. You know 159 00:08:52,520 --> 00:08:55,720 Speaker 1: that there's been a divergence of two things, Joe. One 160 00:08:56,160 --> 00:08:59,280 Speaker 1: is there's been a divergence of opinion between the president 161 00:08:59,760 --> 00:09:03,320 Speaker 1: and his own uh State Department and military establishments for 162 00:09:03,400 --> 00:09:06,520 Speaker 1: quite some time about this. Uh. Secondly, there's a divergence 163 00:09:06,600 --> 00:09:10,959 Speaker 1: of opinion between the Biden Administration and Congress. Uh. Strategic 164 00:09:11,000 --> 00:09:14,840 Speaker 1: Ambiguity doesn't mean, uh, you know, going into two different 165 00:09:14,880 --> 00:09:18,280 Speaker 1: directions in the executive branch. Uh, it means there's some 166 00:09:18,320 --> 00:09:21,960 Speaker 1: ambiguity in the policy uh and UH. And finally, there 167 00:09:22,040 --> 00:09:25,120 Speaker 1: is you know, as Bloomberg's own reporting uh points out 168 00:09:25,240 --> 00:09:28,280 Speaker 1: just this afternoon, there's some yeah, there's some serious question 169 00:09:28,360 --> 00:09:31,480 Speaker 1: about whether, uh, the United States used a force in 170 00:09:31,600 --> 00:09:34,880 Speaker 1: Taiwan and the Taiwan straight could actually accomplish the subjectives. 171 00:09:35,200 --> 00:09:37,520 Speaker 1: So you know, you you pile all that up together 172 00:09:38,080 --> 00:09:41,480 Speaker 1: and uh and combine that with the Chinese response, and 173 00:09:41,559 --> 00:09:44,880 Speaker 1: there is what you've got is increased instability in the 174 00:09:44,920 --> 00:09:47,679 Speaker 1: region rather than decreased instability in the region. China's got 175 00:09:47,679 --> 00:09:50,720 Speaker 1: their own issues and inconsistencies, which I won't go into, 176 00:09:50,800 --> 00:09:53,560 Speaker 1: but they do. So you've got two powers here that 177 00:09:53,720 --> 00:09:58,640 Speaker 1: are that are not consistently messaging and uh, and that's bad. 178 00:09:58,880 --> 00:10:00,840 Speaker 1: So yeah, that will affect them, mark. So I'm sure 179 00:10:01,120 --> 00:10:04,040 Speaker 1: it's interesting. Now he's said it over four times and 180 00:10:04,120 --> 00:10:06,640 Speaker 1: the White House has come out to clarify his remarks 181 00:10:06,679 --> 00:10:11,440 Speaker 1: each time, but without he never seems to change his 182 00:10:11,520 --> 00:10:13,640 Speaker 1: tune off that. So does he need to call the 183 00:10:13,679 --> 00:10:18,440 Speaker 1: communications office? Um, I just think they need whatever it is, 184 00:10:18,520 --> 00:10:21,520 Speaker 1: whatever our policy is, it needs to be consistently expressed, 185 00:10:21,559 --> 00:10:24,520 Speaker 1: because that's the thing that's best for the United States 186 00:10:24,520 --> 00:10:26,840 Speaker 1: and the United States military. That's the best thing that 187 00:10:26,920 --> 00:10:29,960 Speaker 1: for the people of Taiwan. Getting back to our our 188 00:10:30,480 --> 00:10:33,760 Speaker 1: conversation about the Fed, Terry Haynes, your expectation, I'm assuming, 189 00:10:33,840 --> 00:10:36,880 Speaker 1: is seventy five basis points for Wednesday. Do you think 190 00:10:36,880 --> 00:10:41,079 Speaker 1: they signal a pause after that? and I wonder if 191 00:10:41,160 --> 00:10:44,880 Speaker 1: you're in the camp that's worried more than this president 192 00:10:45,000 --> 00:10:47,680 Speaker 1: suggested in that comment to sixty minutes that in fact 193 00:10:48,000 --> 00:10:51,600 Speaker 1: continued hiking is going to push this economy into a recession. Maybe, 194 00:10:51,880 --> 00:10:55,200 Speaker 1: maybe there's no turning back from it already. Well, I 195 00:10:55,240 --> 00:10:58,720 Speaker 1: think I think this show the United Conversation about this 196 00:10:58,800 --> 00:11:01,240 Speaker 1: not long ago, and you said to me and what 197 00:11:01,280 --> 00:11:04,640 Speaker 1: we have the US, two smart people agreed on was 198 00:11:04,679 --> 00:11:06,360 Speaker 1: that it's sort of obvious to the both of us, 199 00:11:06,400 --> 00:11:09,320 Speaker 1: and I still think it's obvious, frankly. The Fed wants 200 00:11:09,320 --> 00:11:12,120 Speaker 1: to raise and they want to continue to raise and 201 00:11:12,200 --> 00:11:14,040 Speaker 1: you know, a lot of the Fed boffins, the people 202 00:11:14,080 --> 00:11:18,280 Speaker 1: that that focused monemaatically on fed policy, I think miss 203 00:11:18,320 --> 00:11:22,000 Speaker 1: the obvious, which is, you know, by law the Fed 204 00:11:22,360 --> 00:11:25,320 Speaker 1: is the Fed's job is to get inflation down and 205 00:11:25,360 --> 00:11:28,000 Speaker 1: get to get it down into a two percent rate Um. 206 00:11:28,040 --> 00:11:30,320 Speaker 1: I think they're I think what they're doing is they're 207 00:11:30,320 --> 00:11:34,000 Speaker 1: doing their job. That Congress told them to do. So 208 00:11:34,040 --> 00:11:35,920 Speaker 1: I think they're going to continue to do that. And 209 00:11:35,960 --> 00:11:39,440 Speaker 1: if the result of that is a recession, by the 210 00:11:39,440 --> 00:11:42,920 Speaker 1: public statements of Pal and brainerd and many others, uh, 211 00:11:43,960 --> 00:11:46,080 Speaker 1: the Fed's willing to risk that. That's the cost of 212 00:11:46,120 --> 00:11:49,160 Speaker 1: doing business. Terry Haynes, get home safely and thank you 213 00:11:49,200 --> 00:11:52,840 Speaker 1: for joining us from this night in London, the founder 214 00:11:52,880 --> 00:11:56,280 Speaker 1: of Pangia policy and of a regular voice here on 215 00:11:56,280 --> 00:11:59,040 Speaker 1: Bloomberg radio. I'm Joe Matthew in Washington, where the sun 216 00:11:59,160 --> 00:12:01,400 Speaker 1: is still up, but for long, and we're gonna assemble 217 00:12:01,400 --> 00:12:04,559 Speaker 1: the panel next Rick Davis and Jeannie Chanzano with their 218 00:12:04,600 --> 00:12:07,440 Speaker 1: take on everything we just discussed and more of what 219 00:12:07,520 --> 00:12:10,920 Speaker 1: the president said to sixty minutes. IS HE gonna run again? 220 00:12:12,679 --> 00:12:16,200 Speaker 1: Was that an answer? There's more ahead. I'm Joe Matthew. 221 00:12:16,320 --> 00:12:23,960 Speaker 1: This is Bloomberg. You're listening to Bloomberg. You sound on 222 00:12:24,400 --> 00:12:30,240 Speaker 1: with Joe Matthew on Bloomberg Radio and after we just 223 00:12:30,280 --> 00:12:33,840 Speaker 1: talked to Terry Haynes. He's in the camp for seventy 224 00:12:33,840 --> 00:12:38,480 Speaker 1: five basis points, which is, of course the expectation. talked 225 00:12:38,480 --> 00:12:41,640 Speaker 1: a lot more with Terry about the president's sixty minutes 226 00:12:41,679 --> 00:12:44,320 Speaker 1: interview and we've of course got the job ahead at 227 00:12:44,320 --> 00:12:47,959 Speaker 1: the United Nations General Assembly this week. So let's assemble 228 00:12:48,000 --> 00:12:50,320 Speaker 1: the panel, coming off the weekend, our signature panel, this here, 229 00:12:50,360 --> 00:12:55,360 Speaker 1: Rick Davis and Jennie Chanzano, Bloomberg politics contributors and this 230 00:12:55,440 --> 00:13:00,320 Speaker 1: idea of Taiwan again being clarified, if you will, by 231 00:13:00,360 --> 00:13:02,880 Speaker 1: the White House. Rick Davis, what's your thought on this? 232 00:13:03,040 --> 00:13:06,400 Speaker 1: More than four times now for Joe Biden to make 233 00:13:06,400 --> 00:13:08,400 Speaker 1: it clear that the United States military is going to 234 00:13:08,440 --> 00:13:12,160 Speaker 1: be there to defend Taiwan if China moves in. At 235 00:13:12,200 --> 00:13:16,840 Speaker 1: what point does Beijing not deal with that line of 236 00:13:17,679 --> 00:13:19,960 Speaker 1: fire if I could say that as as as it 237 00:13:20,040 --> 00:13:22,960 Speaker 1: has been. Usually we get the statement back. When does 238 00:13:23,000 --> 00:13:26,360 Speaker 1: this become a problem, though? Yeah, they, they, they put 239 00:13:26,360 --> 00:13:29,920 Speaker 1: out a pretty vociferous protest. Uh, you know, shortly after 240 00:13:30,000 --> 00:13:33,360 Speaker 1: his comments. And I think the key this time is 241 00:13:33,400 --> 00:13:37,000 Speaker 1: that he actually confirmed that that we would use US 242 00:13:37,160 --> 00:13:40,480 Speaker 1: forces in a defense of Taiwan. Now, you know, in 243 00:13:40,520 --> 00:13:43,199 Speaker 1: the past it's always been one of these things where, yeah, 244 00:13:43,240 --> 00:13:45,840 Speaker 1: sure we would, we would be willing to defend them, 245 00:13:45,880 --> 00:13:48,199 Speaker 1: but but that could be coming in all kinds of 246 00:13:48,240 --> 00:13:51,440 Speaker 1: different forms, right, weapons systems, like what we're doing in Ukraine. 247 00:13:51,480 --> 00:13:53,480 Speaker 1: We don't have any boots on the ground there. But 248 00:13:53,559 --> 00:13:57,720 Speaker 1: this was a distinctly specific question and he agreed that 249 00:13:57,800 --> 00:14:01,640 Speaker 1: we would be willing to put us for is in Taiwan, 250 00:14:01,640 --> 00:14:05,439 Speaker 1: in defensive Taiwan. And and that is distinctly different. And so, 251 00:14:05,720 --> 00:14:08,160 Speaker 1: even though he's been sort of off the reservation on 252 00:14:08,200 --> 00:14:12,520 Speaker 1: strategic ambiguity four times, this latest time is a real 253 00:14:12,679 --> 00:14:16,160 Speaker 1: strategic shift. And if it, if this is what his 254 00:14:16,320 --> 00:14:19,680 Speaker 1: view is, he should give a speech and lay out 255 00:14:19,880 --> 00:14:23,080 Speaker 1: what he believes to be the doctrine change that he's doing, 256 00:14:23,080 --> 00:14:26,040 Speaker 1: because what is getting a little bit dizzying is to 257 00:14:26,120 --> 00:14:28,160 Speaker 1: have the White House back it up and say, Oh, 258 00:14:28,280 --> 00:14:32,720 Speaker 1: no policy change here, except you can't take his words 259 00:14:32,800 --> 00:14:35,560 Speaker 1: and think that that's not a policy change. He's trying 260 00:14:35,600 --> 00:14:38,640 Speaker 1: to slice this somehow down the middle. I Guess Genie Right. 261 00:14:38,680 --> 00:14:40,600 Speaker 1: He's saying that I will defend Taiwan, but we're not 262 00:14:40,720 --> 00:14:44,240 Speaker 1: encouraging their independence and we're still being true to the 263 00:14:44,280 --> 00:14:46,440 Speaker 1: one China policy. How do you have all of those 264 00:14:46,480 --> 00:14:49,520 Speaker 1: at once? Well, you can't. And the reality is is 265 00:14:49,560 --> 00:14:52,920 Speaker 1: this policy never made much sense from the beginning. I mean, 266 00:14:52,960 --> 00:14:55,960 Speaker 1: if you just think about it, what does strategic ambiguity 267 00:14:56,080 --> 00:14:59,680 Speaker 1: actually mean? It's an oxymoron to begin with, and for 268 00:15:00,040 --> 00:15:02,480 Speaker 1: the United States to have a policy which says that 269 00:15:02,760 --> 00:15:07,400 Speaker 1: China and Taiwan are one country. Um, yet the president 270 00:15:07,440 --> 00:15:09,760 Speaker 1: who has said now five times that we'll go in 271 00:15:09,760 --> 00:15:13,120 Speaker 1: into rick's point with our military defend Taiwan as an 272 00:15:13,120 --> 00:15:16,520 Speaker 1: independent country. Well, you really can't have it both ways 273 00:15:16,600 --> 00:15:19,560 Speaker 1: and I think the reality is, as Joe Biden is saying, 274 00:15:20,000 --> 00:15:22,280 Speaker 1: sort of the quiet part out loud here, which is 275 00:15:22,320 --> 00:15:26,080 Speaker 1: that the United States has long sort of wanted to 276 00:15:26,120 --> 00:15:28,240 Speaker 1: have it both ways. We want to say this, we 277 00:15:28,280 --> 00:15:32,120 Speaker 1: have this ambiguous policy, but it's in our strategic interest 278 00:15:32,200 --> 00:15:34,920 Speaker 1: to have it. And when the president comes out and says, yeah, 279 00:15:34,960 --> 00:15:38,200 Speaker 1: we'd go in and defend everything about Taiwan, you know 280 00:15:38,320 --> 00:15:41,120 Speaker 1: this is in keeping with our commitment to what he 281 00:15:41,240 --> 00:15:44,680 Speaker 1: says is the challenge of the twenty one century democracy. 282 00:15:44,760 --> 00:15:48,040 Speaker 1: So he actually is saying what makes sense in terms 283 00:15:48,120 --> 00:15:50,920 Speaker 1: of his beliefs, in the plee's, quite frankly, of most Americans. 284 00:15:51,160 --> 00:15:53,560 Speaker 1: Yet you have the White House coming back and saying no, no, no, 285 00:15:53,680 --> 00:15:55,480 Speaker 1: we we are not going to go in and do that. 286 00:15:55,760 --> 00:15:58,560 Speaker 1: So you know, the policy doesn't make much stense. We 287 00:15:58,640 --> 00:16:01,000 Speaker 1: do need clarity on it, but it's been the policy 288 00:16:01,000 --> 00:16:04,680 Speaker 1: of the United States for decades now. You know, I'm wondering, Rick, 289 00:16:04,720 --> 00:16:07,880 Speaker 1: if this idea of the of the meeting of the presidents, 290 00:16:07,920 --> 00:16:11,160 Speaker 1: she and Biden is just off the table these comments, 291 00:16:11,200 --> 00:16:13,640 Speaker 1: than then what we heard from presidents she last week, 292 00:16:14,560 --> 00:16:18,320 Speaker 1: uh as, he met with Vladimir Putin in Uzbekistan. I 293 00:16:18,360 --> 00:16:22,840 Speaker 1: mean this relationship is not warming. Yeah, I think that's 294 00:16:22,880 --> 00:16:25,880 Speaker 1: a really important distinction, Joe, because we're talking about how 295 00:16:26,000 --> 00:16:29,760 Speaker 1: Biden is reacting in a vacuum. He's reacting to a 296 00:16:30,000 --> 00:16:34,800 Speaker 1: very muscular, very provocative China. Right part of the reason 297 00:16:34,840 --> 00:16:38,160 Speaker 1: we're even talking about. This is because China is claiming 298 00:16:38,280 --> 00:16:40,440 Speaker 1: large portions of the South China Sea, is our own 299 00:16:40,520 --> 00:16:43,920 Speaker 1: territorial water, which is not according to international law. They're 300 00:16:43,960 --> 00:16:47,880 Speaker 1: flying their jets into, you know, Taiwanese airspace, or at 301 00:16:47,960 --> 00:16:50,560 Speaker 1: least what they believe to be Taiwanese airspace. This is 302 00:16:50,960 --> 00:16:53,400 Speaker 1: this is coming on the heels of a lot of 303 00:16:53,400 --> 00:16:57,120 Speaker 1: provocative behavior by China. So they're forcing this issue right. 304 00:16:57,160 --> 00:16:59,600 Speaker 1: I mean in the past, I think the concept of 305 00:16:59,680 --> 00:17:03,560 Speaker 1: China invading Taiwan was not something that that that that 306 00:17:03,560 --> 00:17:07,800 Speaker 1: that anybody thought was imminent, and therefore strategic ambiguity, the 307 00:17:07,840 --> 00:17:10,600 Speaker 1: idea that you leave opened the door to doing something 308 00:17:10,600 --> 00:17:12,719 Speaker 1: but you don't actually specifically say what it is you're 309 00:17:12,760 --> 00:17:15,199 Speaker 1: gonna do it, seemed like a good policy. So, I 310 00:17:15,200 --> 00:17:17,720 Speaker 1: mean Biden may have something here in the sense that 311 00:17:17,760 --> 00:17:20,240 Speaker 1: if he's going to be called Um, you know, to 312 00:17:20,320 --> 00:17:23,080 Speaker 1: show his hand by China, might as well show his hand. 313 00:17:23,200 --> 00:17:25,600 Speaker 1: I mean, you know, there are many in the foreign 314 00:17:25,600 --> 00:17:29,399 Speaker 1: policy community that believe China should understand the clear implications 315 00:17:30,000 --> 00:17:33,600 Speaker 1: of a potential attack on Taiwan. He won't show his 316 00:17:33,680 --> 00:17:37,520 Speaker 1: hand on the next four years either. Genie. This came up, 317 00:17:37,560 --> 00:17:40,720 Speaker 1: of course, during the interview on sixty minutes. Are you 318 00:17:40,800 --> 00:17:43,800 Speaker 1: going to run again? And pretty interesting. It's it's a 319 00:17:43,840 --> 00:17:46,679 Speaker 1: different answer actually than we've been hearing. Look, if I 320 00:17:46,760 --> 00:17:48,720 Speaker 1: were to say to you I'm running again, all of 321 00:17:48,800 --> 00:17:50,720 Speaker 1: a sudden the whole range of things come into play, 322 00:17:50,800 --> 00:17:53,320 Speaker 1: that I have requirements, I have to change and move 323 00:17:53,400 --> 00:17:56,159 Speaker 1: and do in terms of election, in terms of election loss, 324 00:17:56,720 --> 00:17:59,360 Speaker 1: and this much too early to make that kind of decision. 325 00:18:00,000 --> 00:18:02,600 Speaker 1: I'm a great respect or of fate, and so what 326 00:18:02,720 --> 00:18:04,680 Speaker 1: I'm doing is I'm doing my job. We're going to 327 00:18:04,760 --> 00:18:07,399 Speaker 1: do that job and within the time frame that makes sense. 328 00:18:07,520 --> 00:18:11,000 Speaker 1: After this next election cycle here going in the next 329 00:18:11,080 --> 00:18:14,399 Speaker 1: year and making judgment of what to do. Hasn't he 330 00:18:14,480 --> 00:18:17,320 Speaker 1: been saying he's going to run? Jeanie, he has, but 331 00:18:17,400 --> 00:18:19,800 Speaker 1: this is smart politics. You know. He is right, by 332 00:18:19,800 --> 00:18:22,280 Speaker 1: the way, on the campaign finance rules. If he announced, 333 00:18:22,280 --> 00:18:24,600 Speaker 1: he would have to address that. That's why Donald Trump 334 00:18:24,640 --> 00:18:28,760 Speaker 1: probably hasn't announced, amongst other reasons, because he loses control 335 00:18:28,840 --> 00:18:31,600 Speaker 1: of the millions of dollars he's raised if he decided 336 00:18:31,640 --> 00:18:33,680 Speaker 1: to run. So that is a reality and the other 337 00:18:33,720 --> 00:18:37,159 Speaker 1: reality is political. You know, if if Joe Biden or 338 00:18:37,240 --> 00:18:39,760 Speaker 1: Donald Trump was to say today that they were running. 339 00:18:39,800 --> 00:18:44,760 Speaker 1: That would change entirely for their respective political parties what 340 00:18:44,800 --> 00:18:46,959 Speaker 1: was happening in the mid term elections. So it wouldn't 341 00:18:46,960 --> 00:18:49,720 Speaker 1: make political sense. He's smart to stay out of it 342 00:18:49,760 --> 00:18:52,160 Speaker 1: and he'll make a decision, I think, in the New Year, 343 00:18:52,240 --> 00:18:54,439 Speaker 1: after the mid term has decided. So is that the 344 00:18:54,520 --> 00:18:58,400 Speaker 1: unanswerable question? Rick Well, I mean we've heard from other 345 00:18:58,440 --> 00:19:02,240 Speaker 1: Democratic Congress people he wasn't going to run. So he's 346 00:19:02,560 --> 00:19:04,880 Speaker 1: they're not doing him any favors by keep bringing it up. 347 00:19:05,840 --> 00:19:09,000 Speaker 1: Genie's right, right. Nobody in their right mind would actually 348 00:19:09,440 --> 00:19:11,479 Speaker 1: step ahead of a mid term election and put their 349 00:19:11,560 --> 00:19:14,160 Speaker 1: name on the back. That's what he would do. He'd say, Oh, 350 00:19:14,200 --> 00:19:16,520 Speaker 1: this election is gonna be all about my re election 351 00:19:16,600 --> 00:19:19,359 Speaker 1: and there's gonna be a lot of Democratic candidates like, 352 00:19:19,359 --> 00:19:21,080 Speaker 1: wait a minute, I thought it was about us this year. 353 00:19:21,480 --> 00:19:23,920 Speaker 1: So it is something that I think he has to 354 00:19:23,960 --> 00:19:27,440 Speaker 1: be cautious about. But again, uh Democrats are going to 355 00:19:27,520 --> 00:19:30,639 Speaker 1: try and force his hand. Spending time with Rick Davis 356 00:19:30,640 --> 00:19:33,800 Speaker 1: and Jeannie Chanzano on a Monday, the fastest hour in politics, 357 00:19:33,840 --> 00:19:37,080 Speaker 1: this is sound on I'm Joe Matthew and Washington president 358 00:19:37,080 --> 00:19:40,280 Speaker 1: also declared an end of the pandemic. A couple of 359 00:19:40,320 --> 00:19:42,400 Speaker 1: months ago, that would have been the top story right. 360 00:19:42,400 --> 00:19:47,600 Speaker 1: We're gonna talk about that. Coming up next, this is Bloomberg. 361 00:19:49,600 --> 00:19:51,919 Speaker 1: President made quite a lot of news last night sixty 362 00:19:51,920 --> 00:19:55,119 Speaker 1: minutes interview, as we've covered in the first half of 363 00:19:55,119 --> 00:19:58,119 Speaker 1: this program but one line that really jumped out and 364 00:19:58,119 --> 00:20:01,040 Speaker 1: grabbed me that we're have been on the front page 365 00:20:01,040 --> 00:20:06,320 Speaker 1: of every newspaper in the world two years ago, maybe 366 00:20:06,320 --> 00:20:11,560 Speaker 1: even as he was coming into office. The pandemic is over. 367 00:20:11,720 --> 00:20:14,200 Speaker 1: We still have a problem with Covid we're still doing 368 00:20:14,240 --> 00:20:16,960 Speaker 1: a lot of work on it. Uh, it's but the 369 00:20:17,000 --> 00:20:22,120 Speaker 1: pandemic is over. That's a remarkable statement, and not everyone 370 00:20:22,240 --> 00:20:25,919 Speaker 1: agrees with him, of course. Dave Chalk, she the former 371 00:20:26,000 --> 00:20:29,359 Speaker 1: New York City Health Commissioner, talked to David Weston about 372 00:20:29,359 --> 00:20:31,840 Speaker 1: it on balance of power earlier. David asked him if 373 00:20:31,880 --> 00:20:35,520 Speaker 1: the president's right. Well, I wish it were true, David Um, 374 00:20:35,560 --> 00:20:38,320 Speaker 1: but it's not. You know, we've got tens of thousands 375 00:20:38,359 --> 00:20:40,760 Speaker 1: of Americans who have died just in the last few 376 00:20:40,800 --> 00:20:45,600 Speaker 1: months related to Covid nineteen, tens of thousands of infections 377 00:20:45,760 --> 00:20:49,160 Speaker 1: a day. Dr Eric Topel joins this executive vice president 378 00:20:49,160 --> 00:20:52,800 Speaker 1: and professor of Molecular Medicine at Script Research Institute, Author 379 00:20:53,400 --> 00:20:55,960 Speaker 1: of the Newsletter Ground Truth's doctor. It's great to have 380 00:20:56,080 --> 00:21:00,000 Speaker 1: you back here. Uh. One, were you surprised to hear 381 00:21:00,000 --> 00:21:04,080 Speaker 1: of the president of the United States say that so uh, candidly? 382 00:21:04,200 --> 00:21:08,520 Speaker 1: And two, is he right? We're going to be with you, Joe. Yes, 383 00:21:08,560 --> 00:21:13,280 Speaker 1: I was surprised, like you and many others, because unfortunately 384 00:21:13,280 --> 00:21:16,080 Speaker 1: we're not at a point where we could declare the 385 00:21:16,119 --> 00:21:18,840 Speaker 1: pandemic is over. The only way to do that is 386 00:21:18,840 --> 00:21:23,239 Speaker 1: to be many months of very low cases, things that 387 00:21:23,280 --> 00:21:27,560 Speaker 1: are under control, the virus contained, and we're nowhere near that. 388 00:21:28,080 --> 00:21:31,000 Speaker 1: And you can't declare the pandemic is over until you 389 00:21:31,040 --> 00:21:34,919 Speaker 1: look backwards and see that you're in this durable, stable situation. 390 00:21:35,680 --> 00:21:37,960 Speaker 1: I guess you know. Another way that that I tend 391 00:21:37,960 --> 00:21:39,840 Speaker 1: to think of this is imagine if there were any 392 00:21:39,840 --> 00:21:44,240 Speaker 1: other reason why four hundred, five hundred people were dying 393 00:21:44,280 --> 00:21:47,400 Speaker 1: a day, it would be the biggest story in the world. 394 00:21:47,440 --> 00:21:51,560 Speaker 1: But we've actually grown used to this. Yeah, we've been 395 00:21:51,600 --> 00:21:56,080 Speaker 1: made numb to it, unfortunately, and that's been going on, Joe. UH, 396 00:21:56,160 --> 00:21:59,200 Speaker 1: four to five hundred deaths per day from covid nineteen, 397 00:21:59,240 --> 00:22:02,840 Speaker 1: since April. For over six months, it's been a long 398 00:22:02,920 --> 00:22:07,040 Speaker 1: plateau and there's no sign that that's letting up. So 399 00:22:07,240 --> 00:22:10,040 Speaker 1: Dr I wonder, you know, are you expecting a surge 400 00:22:10,080 --> 00:22:12,000 Speaker 1: in the cold weather? Is that not going to happen 401 00:22:12,040 --> 00:22:15,359 Speaker 1: this time around? If, if the pandemic is at least 402 00:22:15,480 --> 00:22:19,720 Speaker 1: less intense than it was, uh, say, last winter? I mean, 403 00:22:19,760 --> 00:22:22,120 Speaker 1: what happens if we get a new O macron? What's 404 00:22:22,119 --> 00:22:24,440 Speaker 1: going to happen to that statement? I'm assuming it doesn't 405 00:22:24,480 --> 00:22:27,560 Speaker 1: age very well. Well, in the near term things are 406 00:22:27,560 --> 00:22:30,680 Speaker 1: going to look fairly good because we're coming down. There's 407 00:22:30,720 --> 00:22:34,560 Speaker 1: B a five variant wave, so there'll be lower levels 408 00:22:34,600 --> 00:22:37,919 Speaker 1: of circulating virus. That will come down progressively over the 409 00:22:37,920 --> 00:22:40,800 Speaker 1: weeks ahead. So there will be a law, we will 410 00:22:40,880 --> 00:22:44,000 Speaker 1: get a reprieve. But in the next couple of months, 411 00:22:44,560 --> 00:22:48,440 Speaker 1: like November or later, we will see another surge because 412 00:22:48,480 --> 00:22:51,440 Speaker 1: a new variant, whether it's one we've already seen that 413 00:22:51,520 --> 00:22:54,639 Speaker 1: has the most immune evasiveness of any variant yet in 414 00:22:54,640 --> 00:22:58,119 Speaker 1: the pandemic, so called be a dot two, dot seven, 415 00:22:58,160 --> 00:22:59,920 Speaker 1: five dot two. I wish it had a better name 416 00:23:00,040 --> 00:23:04,600 Speaker 1: in that Joe, but that one looks really, really rough 417 00:23:04,640 --> 00:23:08,720 Speaker 1: because it's going to challenge our vaccines and our infection immunity. 418 00:23:08,760 --> 00:23:10,439 Speaker 1: But it could be something else, like you said, it 419 00:23:10,440 --> 00:23:13,040 Speaker 1: could be a whole new family. More than likely it's 420 00:23:13,040 --> 00:23:15,800 Speaker 1: going to be something we've seen already, which is at 421 00:23:15,880 --> 00:23:18,640 Speaker 1: right in the country now, one percent level. But remember 422 00:23:18,760 --> 00:23:22,080 Speaker 1: when that gets legs, it goes into exponential growth. That's 423 00:23:22,080 --> 00:23:25,720 Speaker 1: why November, somewhere along the line December, we could be 424 00:23:25,760 --> 00:23:28,119 Speaker 1: in for more trouble. Wow, no one's gonna have a 425 00:23:28,160 --> 00:23:30,760 Speaker 1: mask on by them right. No one's testing the way 426 00:23:30,760 --> 00:23:33,400 Speaker 1: they were, so that sneaks up on us. We haven't 427 00:23:33,440 --> 00:23:35,480 Speaker 1: been funding covid no one's gonna be able to get 428 00:23:35,480 --> 00:23:39,840 Speaker 1: tests and Joe Biden is going to get blamed, right, well, uh, 429 00:23:39,880 --> 00:23:43,800 Speaker 1: it's certainly not going to be right. Yeah, I mean 430 00:23:44,160 --> 00:23:46,920 Speaker 1: if we were, if we were going after this virus, 431 00:23:47,000 --> 00:23:49,600 Speaker 1: getting ahead of the virus, you know, working hard to 432 00:23:49,640 --> 00:23:53,919 Speaker 1: get nasal vaccines, getting better vaccines that last longer, instead 433 00:23:53,960 --> 00:23:56,280 Speaker 1: of declaring that we could have an annual shot, where 434 00:23:56,280 --> 00:23:59,320 Speaker 1: there's no evidence to support that. But we're not doing 435 00:23:59,359 --> 00:24:02,159 Speaker 1: those things. So the best way is to, you know, 436 00:24:02,240 --> 00:24:06,960 Speaker 1: really leverage the science, the great science that's ongoing, get 437 00:24:07,040 --> 00:24:09,720 Speaker 1: us better tools to work with. So we don't have 438 00:24:09,800 --> 00:24:13,440 Speaker 1: to rely on masks or the booster shots that last 439 00:24:13,520 --> 00:24:17,000 Speaker 1: only four months. We have to do better than that. Well, look, 440 00:24:17,200 --> 00:24:19,600 Speaker 1: although I'm curious, you point out that it's most likely 441 00:24:19,640 --> 00:24:21,720 Speaker 1: going to be something we've already seen. Does that mean 442 00:24:21,760 --> 00:24:24,000 Speaker 1: if you are fully vaccinated, if you're given up with 443 00:24:24,000 --> 00:24:28,720 Speaker 1: your boosting and so forth, you're you're good? Well, it depends. 444 00:24:29,280 --> 00:24:32,920 Speaker 1: You See, the variant that is most troubling right now 445 00:24:33,520 --> 00:24:36,560 Speaker 1: is different enough than be a five the one that 446 00:24:36,600 --> 00:24:39,159 Speaker 1: we've just been for or going through that it's going 447 00:24:39,200 --> 00:24:43,720 Speaker 1: to challenge. Uh, the vaccines, probably it will not help. 448 00:24:44,200 --> 00:24:47,040 Speaker 1: It will be a lot more infections. UH, there'll be 449 00:24:47,040 --> 00:24:49,960 Speaker 1: a lot of spread. There'll be some protection, of course, 450 00:24:50,240 --> 00:24:54,040 Speaker 1: from the vaccines and from prior infections in the combination, 451 00:24:54,119 --> 00:24:56,840 Speaker 1: but it's just it's gonna Challenge things. There's gonna be 452 00:24:56,880 --> 00:25:02,040 Speaker 1: more people getting sick, more long covid more suffering. Where 453 00:25:02,119 --> 00:25:05,080 Speaker 1: is it right now, doctor, and is it around the country? 454 00:25:05,160 --> 00:25:08,479 Speaker 1: But a very small percentage of infections. Or okay, so 455 00:25:08,560 --> 00:25:10,920 Speaker 1: that that's how you describe it. It's at the one 456 00:25:10,960 --> 00:25:13,560 Speaker 1: percent level. So, Joe, if you just look at it, if, 457 00:25:13,640 --> 00:25:16,640 Speaker 1: let's say, it doubles every week right by the time. 458 00:25:16,800 --> 00:25:18,880 Speaker 1: It doesn't really you don't see it until it gets 459 00:25:18,920 --> 00:25:22,440 Speaker 1: to fifty or greater it becomes dominant. So we've got 460 00:25:22,480 --> 00:25:26,439 Speaker 1: several weeks of, you know, relative quiescence. But if that 461 00:25:26,480 --> 00:25:29,679 Speaker 1: one gets going, like it likely will, or others that 462 00:25:29,720 --> 00:25:32,520 Speaker 1: are in our site, we're gonna we have some more trouble, 463 00:25:32,600 --> 00:25:34,920 Speaker 1: we have some more bumps in the road ahead. Sounds 464 00:25:34,960 --> 00:25:37,760 Speaker 1: like it's not time to declare our mission accomplished here. 465 00:25:37,840 --> 00:25:42,600 Speaker 1: To me, hardly. At what point is it an endemic? 466 00:25:42,760 --> 00:25:45,320 Speaker 1: When do we start calling it that? Well, you know, 467 00:25:45,320 --> 00:25:48,880 Speaker 1: it depends on what definition you prefer. But the way 468 00:25:48,920 --> 00:25:50,239 Speaker 1: I like to look at it is, you know, if 469 00:25:50,240 --> 00:25:54,520 Speaker 1: you go back to June, we were down to less 470 00:25:54,520 --> 00:25:57,800 Speaker 1: than twelve thousand cases a day. You know, right now 471 00:25:57,840 --> 00:26:00,639 Speaker 1: we're at seventy and we're not, as you said, testing 472 00:26:00,720 --> 00:26:02,840 Speaker 1: very much. It's a lot more than that, in the 473 00:26:02,920 --> 00:26:06,600 Speaker 1: hundreds of thousands. So we got down to, UH, two 474 00:26:06,720 --> 00:26:09,960 Speaker 1: hundreds some deaths a day instead of close to five hundreds. 475 00:26:10,520 --> 00:26:14,280 Speaker 1: That's what you call containment. We've been there. We can 476 00:26:14,359 --> 00:26:17,399 Speaker 1: get there again, but we have to aggressively pursue it. 477 00:26:17,600 --> 00:26:20,200 Speaker 1: And if you tell people the pandemics over, who's gonna 478 00:26:20,240 --> 00:26:24,000 Speaker 1: go get a booster shot. Well, that's right. Seriously, especially 479 00:26:24,000 --> 00:26:25,840 Speaker 1: when people are told now, guys, you don't even need 480 00:26:25,880 --> 00:26:28,119 Speaker 1: a mask on the New York City subway. Good luck 481 00:26:28,160 --> 00:26:31,600 Speaker 1: getting everyone to mask up again when the next search happens. 482 00:26:31,640 --> 00:26:35,199 Speaker 1: That's that's the concern here to doctor. Yeah, no, if you, 483 00:26:36,359 --> 00:26:39,920 Speaker 1: if you feed into the fantasy that the that this 484 00:26:40,000 --> 00:26:43,680 Speaker 1: is over, you're not gonna get anybody to mitigate get boosters, 485 00:26:43,760 --> 00:26:47,240 Speaker 1: or I mean any significant proportion. We have a big 486 00:26:47,280 --> 00:26:49,840 Speaker 1: booster problem as it exists today in the United States. 487 00:26:50,080 --> 00:26:53,320 Speaker 1: We are ranked seventy second as countries in the world 488 00:26:53,359 --> 00:26:56,879 Speaker 1: for our booster rate, which is one in three Americans only. 489 00:26:57,480 --> 00:27:01,560 Speaker 1: And so it's it's actually really a pathetic uptake of boosters. 490 00:27:01,600 --> 00:27:04,679 Speaker 1: And then to declare the pandemics over. How are we 491 00:27:04,680 --> 00:27:06,919 Speaker 1: going to get this booster rate up, because that's the 492 00:27:06,960 --> 00:27:11,199 Speaker 1: best way to protect our population? Unbelievable. Doctor, thank you 493 00:27:11,240 --> 00:27:13,720 Speaker 1: so much for putting things in perspective. That is a 494 00:27:13,800 --> 00:27:19,919 Speaker 1: serious reality check from Dr Eric Topel. Oh boy, looking 495 00:27:19,960 --> 00:27:22,919 Speaker 1: forward to Christmas this year. We're gonna reassemble the panel 496 00:27:23,000 --> 00:27:26,560 Speaker 1: next rick and Jeannie with their take on the pandemic over. 497 00:27:26,800 --> 00:27:32,639 Speaker 1: We'll see. This is Bloomberg you're listening to Bloomberg. You 498 00:27:32,760 --> 00:27:39,159 Speaker 1: sound on with Joe Matthew on Bloomberg Radio. Thanks for 499 00:27:39,200 --> 00:27:41,600 Speaker 1: being with us as we get a new week underway here. 500 00:27:41,600 --> 00:27:43,960 Speaker 1: I'm Joe Matthew and Washington. This is Bloomberg. Sound on 501 00:27:44,000 --> 00:27:46,760 Speaker 1: and we reassemble the panel. Jeanie Schanzano and Rick Davis 502 00:27:46,840 --> 00:27:49,600 Speaker 1: or with us as we consider this idea of the 503 00:27:49,640 --> 00:27:52,480 Speaker 1: pandemic suddenly being over again, the words of Joe Biden 504 00:27:52,480 --> 00:27:54,879 Speaker 1: in sixty minutes. We still have a problem with covid. 505 00:27:54,960 --> 00:27:57,679 Speaker 1: We're still doing a lot of work on it. Uh, 506 00:27:57,680 --> 00:28:01,520 Speaker 1: it's but the pandemic is over. Do any I'm pretty 507 00:28:01,560 --> 00:28:04,200 Speaker 1: depressed after hearing from Dr Eric Tulple. I think everyone 508 00:28:04,240 --> 00:28:06,720 Speaker 1: agrees on that. I mean the idea of going through 509 00:28:06,720 --> 00:28:09,680 Speaker 1: this again this winter and the numbers now compared to 510 00:28:09,680 --> 00:28:13,960 Speaker 1: where they were six months a year ago. Why is 511 00:28:13,960 --> 00:28:16,960 Speaker 1: the president saying that on national TV? This, to me, 512 00:28:17,080 --> 00:28:19,960 Speaker 1: was one of the most stunning parts of this interview. Um, 513 00:28:20,040 --> 00:28:23,080 Speaker 1: the president says the pandemic is over. In part he 514 00:28:23,160 --> 00:28:26,080 Speaker 1: gave a reason, as I heard it, because people aren't 515 00:28:26,080 --> 00:28:29,000 Speaker 1: wearing masks. But as you listen to the doctor, of 516 00:28:29,040 --> 00:28:32,480 Speaker 1: course that is not the situation and you know, you 517 00:28:32,560 --> 00:28:35,879 Speaker 1: move beyond this. Let's not forget the administration has asked 518 00:28:35,920 --> 00:28:40,800 Speaker 1: Congress for twenty two point four billion dollars. That is 519 00:28:41,280 --> 00:28:45,040 Speaker 1: that funding is necessary. And you couple that with the 520 00:28:45,080 --> 00:28:48,040 Speaker 1: fact if the pandemic is over, what happens to his 521 00:28:48,120 --> 00:28:50,960 Speaker 1: student loan right off? What happens to the issue of 522 00:28:51,000 --> 00:28:53,720 Speaker 1: all these people on Medicaid that the states can't remove 523 00:28:54,240 --> 00:28:57,680 Speaker 1: unless the emergency is called off, and food stamps for 524 00:28:57,760 --> 00:29:01,440 Speaker 1: work requirements? All of these factors are, you know, tied 525 00:29:01,480 --> 00:29:03,280 Speaker 1: to the idea that we are in a pandemic and 526 00:29:03,280 --> 00:29:05,959 Speaker 1: there is an emergency. All of a sudden he announced 527 00:29:06,120 --> 00:29:09,000 Speaker 1: that that that it's over. I thought maybe, like Taiwan, 528 00:29:09,080 --> 00:29:11,400 Speaker 1: the White House would come back and push back against that, 529 00:29:11,440 --> 00:29:13,760 Speaker 1: but they didn't as far as I know, and so 530 00:29:14,280 --> 00:29:18,040 Speaker 1: it leaves a very precarious situation. That doesn't mean they 531 00:29:18,080 --> 00:29:20,280 Speaker 1: can't still right, does the just should the White House 532 00:29:21,200 --> 00:29:25,280 Speaker 1: clarify those remarks? Rick? You know, I think that maybe 533 00:29:25,320 --> 00:29:28,840 Speaker 1: where they are. Um, at some point they you think 534 00:29:28,880 --> 00:29:31,560 Speaker 1: they're gonna want to turn the page? Uh. You know, 535 00:29:32,000 --> 00:29:37,880 Speaker 1: you mentioned mission impossible during the the Bush administration. I mean, 536 00:29:37,960 --> 00:29:40,080 Speaker 1: you know, at some point the president gets tired of 537 00:29:40,160 --> 00:29:43,640 Speaker 1: fighting the old fight and says, okay, I'm turning the page. mission. 538 00:29:44,000 --> 00:29:48,120 Speaker 1: Mission has been accomplished. There is I'm sorry, mission impossible. 539 00:29:48,280 --> 00:29:51,440 Speaker 1: Mission has been accomplished and Um, there's no more pandemic 540 00:29:51,520 --> 00:29:54,760 Speaker 1: like a wave of of of a wand. And Uh, 541 00:29:54,760 --> 00:29:56,160 Speaker 1: where is he going to be, though, if we do 542 00:29:56,240 --> 00:29:58,840 Speaker 1: have another surge next winter, people are told they can't 543 00:29:58,880 --> 00:30:01,080 Speaker 1: get on a train or a plane without putting a 544 00:30:01,160 --> 00:30:02,880 Speaker 1: mask on? I mean, you thought it was bad the 545 00:30:02,920 --> 00:30:05,520 Speaker 1: first time around. Yeah, I don't think there's any going back. 546 00:30:05,560 --> 00:30:08,040 Speaker 1: I think at that stage she's gonna sort of adopt 547 00:30:08,040 --> 00:30:11,400 Speaker 1: the trump type policy, which is just blow through it everybody, 548 00:30:11,440 --> 00:30:14,280 Speaker 1: I mean like do the best weekend, write it like 549 00:30:14,320 --> 00:30:19,320 Speaker 1: a cowboy. Well, speaking of Donald Trump, uh, he held 550 00:30:19,360 --> 00:30:22,880 Speaker 1: a rally over the weekend and I'm not going to 551 00:30:23,040 --> 00:30:25,400 Speaker 1: pick through the whole I mean it was so long 552 00:30:25,480 --> 00:30:27,920 Speaker 1: and he said so many things, but I was really 553 00:30:27,960 --> 00:30:32,480 Speaker 1: compelled by the way this speech closed. It was quite 554 00:30:32,480 --> 00:30:36,120 Speaker 1: remarkable actually. You you remember this video that came out 555 00:30:36,120 --> 00:30:39,640 Speaker 1: a couple of weeks back that some people, including myself, asked, 556 00:30:39,680 --> 00:30:45,040 Speaker 1: is this the launch of his presidential campaign? And it 557 00:30:45,160 --> 00:30:49,120 Speaker 1: was essentially titled I believe a nation in decline and 558 00:30:49,160 --> 00:30:52,560 Speaker 1: it included very sad sounding music that we've since learned 559 00:30:52,560 --> 00:30:54,520 Speaker 1: as apparently some sort of has some sort of q 560 00:30:54,720 --> 00:30:59,040 Speaker 1: and on connection. But just from an optics standpoint, from 561 00:30:59,040 --> 00:31:01,040 Speaker 1: a performance stamp, want to think this is. This is 562 00:31:01,080 --> 00:31:03,880 Speaker 1: happening at one of these wild west trump rallies where 563 00:31:03,880 --> 00:31:06,400 Speaker 1: he really gets the crowd moving. Now He's speaking over 564 00:31:07,000 --> 00:31:11,360 Speaker 1: canned music to close the speech, with essentially the same 565 00:31:11,400 --> 00:31:13,680 Speaker 1: script he used in that video. This is how he 566 00:31:13,720 --> 00:31:15,880 Speaker 1: walks into it. I'm gonna just take you through this quickly. 567 00:31:15,920 --> 00:31:19,360 Speaker 1: We won't do the whole thing, but now we are 568 00:31:19,400 --> 00:31:23,960 Speaker 1: a nation in decline. Okay, the music comes up. We 569 00:31:24,000 --> 00:31:27,640 Speaker 1: are a failing nation. We are a nation that has 570 00:31:27,720 --> 00:31:31,840 Speaker 1: the highest inflation in fifty years. And now so he 571 00:31:31,920 --> 00:31:34,000 Speaker 1: and he gets sort of lower tones like this and 572 00:31:34,000 --> 00:31:36,240 Speaker 1: and you know, Gosh, this went on for minutes. We 573 00:31:36,320 --> 00:31:41,160 Speaker 1: are a nation that allowed Russia to devastate the country Ukraine, 574 00:31:41,200 --> 00:31:45,240 Speaker 1: killing hundreds of thousands of people, and it will only 575 00:31:45,240 --> 00:31:48,840 Speaker 1: get worse. It would never have happened with me as 576 00:31:48,880 --> 00:31:52,440 Speaker 1: your commander in chief. We've got a federal fueral of 577 00:31:52,560 --> 00:31:57,680 Speaker 1: investigation that won't allow bed election changing facts to be 578 00:31:57,800 --> 00:32:00,200 Speaker 1: presented to the public. The string has come up bump 579 00:32:00,200 --> 00:32:07,840 Speaker 1: where Biden's laptop information. We come to the clothes here, 580 00:32:07,960 --> 00:32:10,960 Speaker 1: and think you remember how Donald Trump used to wind 581 00:32:11,040 --> 00:32:15,960 Speaker 1: up the crowd with the make America smarter again, safer again, 582 00:32:16,080 --> 00:32:18,920 Speaker 1: going through to make it rich again. But he sticks 583 00:32:18,920 --> 00:32:21,360 Speaker 1: with the low tones over the strings at the end. 584 00:32:21,480 --> 00:32:29,160 Speaker 1: We will make America proud again, we will make America 585 00:32:29,680 --> 00:32:39,240 Speaker 1: safe again and we will make America Great. Thank you, Ohio, 586 00:32:39,640 --> 00:32:42,760 Speaker 1: God bless you. Thank you all. Then the music goes 587 00:32:42,800 --> 00:32:46,400 Speaker 1: down and SAMBA DAVE come on. I don't know who's 588 00:32:46,400 --> 00:32:49,800 Speaker 1: planning this exactly, but some people think that the music 589 00:32:49,880 --> 00:32:51,920 Speaker 1: is intentional. We'll get to that in a second. Rick, 590 00:32:51,960 --> 00:32:54,120 Speaker 1: I'm just wondering where you are on this use of 591 00:32:54,920 --> 00:32:57,600 Speaker 1: you know, for what's really an unpredictable event. That's why 592 00:32:57,600 --> 00:33:01,240 Speaker 1: people want to go this use of pre production here 593 00:33:01,880 --> 00:33:05,920 Speaker 1: and music behind Donald Trump. Well, you know, it's always 594 00:33:05,960 --> 00:33:09,440 Speaker 1: been the greatest show on earth for politics, right. I 595 00:33:09,440 --> 00:33:13,880 Speaker 1: mean he speaks for almost two hours. He usually unloads 596 00:33:13,920 --> 00:33:17,000 Speaker 1: on the candidates that he's there to endorse. Uh, you know, 597 00:33:17,040 --> 00:33:19,320 Speaker 1: it's really all about him and his grievances, and we 598 00:33:19,360 --> 00:33:22,440 Speaker 1: saw that in the clips that you were playing. But 599 00:33:22,520 --> 00:33:25,160 Speaker 1: you know that went on for our over an hour. 600 00:33:25,680 --> 00:33:28,760 Speaker 1: So so it is predictable in that regard. But I 601 00:33:28,880 --> 00:33:31,960 Speaker 1: imagine too. I mean they've got to keep this audience 602 00:33:32,600 --> 00:33:36,320 Speaker 1: Um um entertained and it's a lot of it is 603 00:33:36,360 --> 00:33:38,360 Speaker 1: the same money that goes to all his rallies. I mean, 604 00:33:38,400 --> 00:33:41,080 Speaker 1: he's he's like the grateful debt of politics. I mean 605 00:33:41,360 --> 00:33:44,080 Speaker 1: people travel around the country going to his rallies, the 606 00:33:44,160 --> 00:33:47,720 Speaker 1: same people, and so he's he and it was. It 607 00:33:47,800 --> 00:33:49,680 Speaker 1: was seen that way. I mean part of what was 608 00:33:49,760 --> 00:33:52,960 Speaker 1: happening in the audience while that was going on is 609 00:33:53,000 --> 00:33:55,960 Speaker 1: not only people doing the usual thing, which is holding 610 00:33:56,040 --> 00:34:00,280 Speaker 1: up their phones to record every minute of his last monologue, 611 00:34:00,440 --> 00:34:03,360 Speaker 1: but also this sort of you know, what we're told 612 00:34:03,400 --> 00:34:05,600 Speaker 1: is that Q and on salute, which is pointing the 613 00:34:05,640 --> 00:34:08,719 Speaker 1: one finger up, you know, and uh, and I was 614 00:34:08,760 --> 00:34:12,360 Speaker 1: really amazed because I had not seen that in previous rallies. 615 00:34:12,680 --> 00:34:14,840 Speaker 1: Now this is a very important detail that rick is 616 00:34:14,880 --> 00:34:17,560 Speaker 1: pointing out. As the music starts, the strings come up, 617 00:34:17,560 --> 00:34:20,680 Speaker 1: the president starts talking and, you know, they keep the 618 00:34:20,760 --> 00:34:22,960 Speaker 1: lights up, I think, for the whole speech. Right. That's 619 00:34:23,000 --> 00:34:24,719 Speaker 1: just not every trump. All the lights of house lights 620 00:34:24,719 --> 00:34:29,320 Speaker 1: are up. Uh, everyone. I'm not gonna say everyone, a massive, 621 00:34:29,440 --> 00:34:33,040 Speaker 1: a wide majority of people in the room, hold their 622 00:34:33,200 --> 00:34:36,080 Speaker 1: arms up high with the with the one finger and 623 00:34:36,239 --> 00:34:39,720 Speaker 1: number one finger salute to the air. You think maybe 624 00:34:39,760 --> 00:34:41,600 Speaker 1: that means America first, but rick, this is a q 625 00:34:41,760 --> 00:34:45,680 Speaker 1: and on sign. Yeah, I mean, and it's incredulous to 626 00:34:45,719 --> 00:34:47,759 Speaker 1: me because I know how hard it is to get 627 00:34:47,760 --> 00:34:49,680 Speaker 1: a crowd to react. Normally you hand them out a 628 00:34:49,680 --> 00:34:51,799 Speaker 1: piece of paper when they come in saying on this 629 00:34:51,960 --> 00:34:56,680 Speaker 1: queue you must do and this look completely spontaneous, as 630 00:34:56,719 --> 00:34:59,800 Speaker 1: if they knew something none of us knew, uh, and 631 00:35:00,080 --> 00:35:03,319 Speaker 1: we're responding to it in mass. And so I'd love, 632 00:35:03,440 --> 00:35:05,360 Speaker 1: I mean, talk about something. You want to learn, a 633 00:35:05,440 --> 00:35:09,000 Speaker 1: mystery of what in the world was going on in Ohio. Well, 634 00:35:09,239 --> 00:35:12,400 Speaker 1: you know, for this speech, I'd like to know, genie 635 00:35:12,440 --> 00:35:14,759 Speaker 1: does it is it when people point their fingers to 636 00:35:14,800 --> 00:35:17,720 Speaker 1: the sky? Does that mean more than it appears? Well, 637 00:35:17,719 --> 00:35:20,080 Speaker 1: we are told, as Rick said, and this is all 638 00:35:20,120 --> 00:35:22,960 Speaker 1: new to me, that it is an index finger salute 639 00:35:23,000 --> 00:35:26,200 Speaker 1: symbolizing America first, and it is part of this sort 640 00:35:26,239 --> 00:35:29,680 Speaker 1: of culture within this q and on community, I guess, 641 00:35:29,680 --> 00:35:33,120 Speaker 1: if you can call it that, and this America first community. 642 00:35:33,200 --> 00:35:36,200 Speaker 1: But you know, what I thought was going on in Ohio, 643 00:35:36,360 --> 00:35:41,000 Speaker 1: quite frankly, was a mid term election and you have 644 00:35:41,520 --> 00:35:44,640 Speaker 1: donald trump out there doing this and you've just got 645 00:35:44,640 --> 00:35:49,279 Speaker 1: to wonder who is he trying to help? This certainly 646 00:35:49,480 --> 00:35:52,439 Speaker 1: is not helping the candidates for election. You know, it's 647 00:35:52,440 --> 00:35:54,239 Speaker 1: not going to help them, Mike Dewine, it's not going 648 00:35:54,280 --> 00:35:56,200 Speaker 1: to help the J D Vance to be out there. 649 00:35:56,520 --> 00:36:01,120 Speaker 1: You can't court court, rather swing voter and moderate voters 650 00:36:01,160 --> 00:36:04,680 Speaker 1: needed to win close elections like this by, you know, 651 00:36:04,960 --> 00:36:08,720 Speaker 1: going in with this kind of you know, sort of Um, 652 00:36:08,760 --> 00:36:13,279 Speaker 1: you know, conspiracy theory laden rallies. You know, no matter 653 00:36:13,360 --> 00:36:15,840 Speaker 1: how moving it is to the people there, it's simply 654 00:36:15,880 --> 00:36:19,680 Speaker 1: not moving to independent voters. And you know, you had 655 00:36:19,840 --> 00:36:24,359 Speaker 1: people like Barry McCaffrey standing out there on twitter saying 656 00:36:24,400 --> 00:36:28,160 Speaker 1: that this was like a Nuremberg hit Hitler rally x. 657 00:36:28,600 --> 00:36:30,799 Speaker 1: This is what it's come to. So I'm not sure 658 00:36:30,880 --> 00:36:34,000 Speaker 1: what he is trying to do. Yeah, well, media matters, 659 00:36:34,400 --> 00:36:38,600 Speaker 1: uh says they've identified this song as a q and 660 00:36:38,719 --> 00:36:42,240 Speaker 1: on uh I guess, dog whistle or in this case, theme, 661 00:36:43,160 --> 00:36:47,239 Speaker 1: identified as W W G, one W G A. that's it. 662 00:36:47,360 --> 00:36:50,120 Speaker 1: It's posted with that name on spotify. It stands for 663 00:36:50,719 --> 00:36:54,160 Speaker 1: where we go, one we go all, written by an 664 00:36:54,239 --> 00:36:58,799 Speaker 1: artist named Richard feel good, which I that's great. Um, 665 00:36:58,960 --> 00:37:02,440 Speaker 1: but that's the slogan. Yeah, that's the slogan for Q 666 00:37:02,560 --> 00:37:04,719 Speaker 1: and on. Right, where we go, one we go all hands. 667 00:37:04,800 --> 00:37:08,840 Speaker 1: Also the finger in the air. Uh per media matters, 668 00:37:10,000 --> 00:37:13,000 Speaker 1: one of the Q and on followers commenting online described 669 00:37:13,040 --> 00:37:16,280 Speaker 1: this as the mother of all q proofs and quote, 670 00:37:16,320 --> 00:37:19,400 Speaker 1: the biggest nod they've ever given us. Unquote. This is 671 00:37:19,440 --> 00:37:24,759 Speaker 1: the song music again, and it's it's a real down 672 00:37:24,840 --> 00:37:26,440 Speaker 1: or else. I don't know if what the world this 673 00:37:26,640 --> 00:37:29,120 Speaker 1: has really to do with q and on, but maybe 674 00:37:29,160 --> 00:37:33,000 Speaker 1: it's a meditative theme, but it's perfect when you're describing 675 00:37:33,000 --> 00:37:35,560 Speaker 1: a nation in decline, as it turns out. And I 676 00:37:35,600 --> 00:37:37,320 Speaker 1: don't know, I just wonder, Rick Are we going to 677 00:37:37,400 --> 00:37:39,320 Speaker 1: see this as the close to all of these speeches? 678 00:37:40,320 --> 00:37:41,719 Speaker 1: You know, it's hard to tell. I mean what kind 679 00:37:41,760 --> 00:37:44,640 Speaker 1: of reaction he got on. For me, that sounds like 680 00:37:44,719 --> 00:37:47,480 Speaker 1: don't want to replicate that, but I just don't know 681 00:37:47,520 --> 00:37:49,560 Speaker 1: what the meaning of it is. In other words, if 682 00:37:49,800 --> 00:37:53,600 Speaker 1: where we go, one we go all, where are we going? Uh? 683 00:37:53,640 --> 00:37:56,200 Speaker 1: And if you look at the conspiracy theories that back 684 00:37:56,280 --> 00:38:00,120 Speaker 1: up the Q and on, called uh it's pretty disturbing. 685 00:38:00,200 --> 00:38:05,000 Speaker 1: So I think that any legitimate reporter that interviews Donald 686 00:38:05,040 --> 00:38:07,400 Speaker 1: Trump in the near term should ask him the question, 687 00:38:07,600 --> 00:38:10,920 Speaker 1: what was this all about to start asking? Producer Christine 688 00:38:10,920 --> 00:38:13,600 Speaker 1: reminds us that's also a motley crue song where we 689 00:38:13,680 --> 00:38:15,800 Speaker 1: go when we go all genie. Maybe he had to 690 00:38:15,840 --> 00:38:17,840 Speaker 1: try that one next time. Yeah, that might be a 691 00:38:17,920 --> 00:38:20,440 Speaker 1: little bit more uplifting. I'll tell you where they're probably 692 00:38:20,520 --> 00:38:22,640 Speaker 1: not going if they keep this up, is to take 693 00:38:22,680 --> 00:38:25,440 Speaker 1: over the Senate. And you know poor Dat Vance must be. 694 00:38:26,520 --> 00:38:28,319 Speaker 1: I wonder if he knows that song. I mean, I've 695 00:38:28,400 --> 00:38:30,080 Speaker 1: learned a lot here. I really I didn't know anything 696 00:38:30,080 --> 00:38:32,680 Speaker 1: about any of this cute stuff. But Rick and genie, 697 00:38:32,719 --> 00:38:35,320 Speaker 1: thank you. As always, our signature panel, Rick Dave was 698 00:38:35,440 --> 00:38:39,120 Speaker 1: Geenie Schanzano Bloomberg politics contributors with us here on a Monday. 699 00:38:39,160 --> 00:38:40,680 Speaker 1: That's not the song. I can leave you with, though, 700 00:38:40,680 --> 00:38:43,440 Speaker 1: because you know, today is an important anniversary. So Twenty 701 00:38:43,520 --> 00:38:49,680 Speaker 1: Years September two thousand two, President George W Bush speaking 702 00:38:49,680 --> 00:38:53,080 Speaker 1: on teaching American history and civic education with a classic 703 00:38:53,600 --> 00:38:55,400 Speaker 1: I know it's a blooper, but a classic moment in 704 00:38:55,400 --> 00:38:58,480 Speaker 1: presidential history's an old Shang in Tennessee? I know it's 705 00:38:58,480 --> 00:39:02,440 Speaker 1: in Texas, probably in Tennessee this as fool me once. Yea. 706 00:39:02,840 --> 00:39:10,480 Speaker 1: Shame on no, shame on you fool me. We can't 707 00:39:10,520 --> 00:39:13,200 Speaker 1: get fooled again. Can't get fooled again. That's more like it. 708 00:39:14,600 --> 00:39:16,839 Speaker 1: Apologies to the former president. I'll meet you back here 709 00:39:16,880 --> 00:39:21,520 Speaker 1: tomorrow on the fastest hour in politics. I'm Joe Matthew. 710 00:39:21,960 --> 00:39:23,040 Speaker 1: This is bloomber