1 00:00:00,560 --> 00:00:05,279 Speaker 1: Live from our nation. How do we reopen this economy? 2 00:00:05,360 --> 00:00:08,479 Speaker 1: The latest on how this pandemic is impacting farmers. What 3 00:00:08,600 --> 00:00:11,600 Speaker 1: does this do for the United States relationship with China? 4 00:00:11,760 --> 00:00:16,680 Speaker 1: Bloomberg Sound On, The Insiders, the influencers, the insides. We're 5 00:00:16,720 --> 00:00:19,920 Speaker 1: responding to this crisis and manufacturers are stepping up like 6 00:00:20,040 --> 00:00:23,560 Speaker 1: never before. We're looking at seveny Kennedys for different victims. 7 00:00:23,640 --> 00:00:26,280 Speaker 1: How do we make sure a pandemic of this scale 8 00:00:26,360 --> 00:00:30,440 Speaker 1: never happens again? This is Bloomberg Sound On with Kevin 9 00:00:30,520 --> 00:00:37,360 Speaker 1: Surrelate on Bloomberg and oem h D. Two Hump, Folks. 10 00:00:37,360 --> 00:00:40,239 Speaker 1: I'm Kevin Sili, Chief Washington correspondent for Bloomberg TV and 11 00:00:40,479 --> 00:00:44,880 Speaker 1: Radio Texas. Ready's more trucks and preparation for virus death surge. 12 00:00:45,080 --> 00:00:50,080 Speaker 1: California sees eleven thousand new virus cases. It's second biggest 13 00:00:50,159 --> 00:00:54,480 Speaker 1: chump and hospitals are now redirecting COVID data to HHS 14 00:00:54,480 --> 00:00:57,560 Speaker 1: in a move to streamline. You've got a lot to 15 00:00:57,600 --> 00:01:00,400 Speaker 1: get through none of the news. The news is looking uh, 16 00:01:00,440 --> 00:01:04,640 Speaker 1: pretty pretty grim, pretty pretty grim. But we will get 17 00:01:04,640 --> 00:01:07,840 Speaker 1: through it with our all star team. I'm gonna bring 18 00:01:07,880 --> 00:01:11,440 Speaker 1: you my exclusive interview with Senator David Purdue, a Republican 19 00:01:11,480 --> 00:01:15,240 Speaker 1: from Georgia, and we'll check in with John Salitis and 20 00:01:15,360 --> 00:01:19,840 Speaker 1: former Congressman Patrick Murphy. Our all star panel. Jordan Fabian 21 00:01:19,840 --> 00:01:21,640 Speaker 1: will kick things off for us. He of course is 22 00:01:21,640 --> 00:01:26,080 Speaker 1: on Bloomberg's incredible White House reboarding team. Lots together, including 23 00:01:26,160 --> 00:01:29,440 Speaker 1: the US China front, and that's where we begin. Jennifer Jacobs, 24 00:01:29,440 --> 00:01:33,520 Speaker 1: my colleague, reporting exclusively. Donald Trump ruled out more sanctions 25 00:01:33,520 --> 00:01:37,040 Speaker 1: on Chinese officials for now, people familiar said, even as 26 00:01:37,080 --> 00:01:40,520 Speaker 1: the US took more steps to constrain Huawei. White House 27 00:01:40,560 --> 00:01:44,160 Speaker 1: aids created a list of targets, including Hong Kong Chief 28 00:01:44,160 --> 00:01:48,320 Speaker 1: executive Carrie Lamb and Vice Premier Hans Zang, before Trump 29 00:01:48,440 --> 00:01:51,200 Speaker 1: decided against it in a sign he wants to avoid 30 00:01:51,360 --> 00:01:55,240 Speaker 1: escalating tensions further at this point, but Secretary of State 31 00:01:55,280 --> 00:01:58,840 Speaker 1: Mike Pompeo announced new visa restrictions for some Huawei employees 32 00:01:59,120 --> 00:02:02,400 Speaker 1: and mostly symbolic move Jordan Fabian has been out front 33 00:02:02,520 --> 00:02:05,520 Speaker 1: of this story. He of course is also a Bloomberg 34 00:02:05,600 --> 00:02:08,880 Speaker 1: White House reporter. Jordan's what do we know in terms 35 00:02:08,880 --> 00:02:13,120 Speaker 1: of where this conversation geo politically is headed. Well, certainly 36 00:02:13,240 --> 00:02:17,200 Speaker 1: the US and China seemed to be only escalating tensions 37 00:02:17,240 --> 00:02:20,000 Speaker 1: at this point, although um from where what our colleagues 38 00:02:20,000 --> 00:02:22,839 Speaker 1: are reporting today, it does seem that the President might 39 00:02:22,880 --> 00:02:25,760 Speaker 1: not have such an appetite to escalate even further, but 40 00:02:26,160 --> 00:02:28,640 Speaker 1: he is being pushed in that direction by a number 41 00:02:28,680 --> 00:02:33,160 Speaker 1: of people inside his administration, name Secretary of State Mike Pompeo, 42 00:02:34,040 --> 00:02:37,920 Speaker 1: Matt Pottinger, the deputy National Security Director, the vocals China 43 00:02:37,960 --> 00:02:41,400 Speaker 1: Hawks who have become ascendant in the administration in the 44 00:02:41,560 --> 00:02:44,880 Speaker 1: in the last few months as the President has become 45 00:02:45,000 --> 00:02:49,160 Speaker 1: increasingly angry at China for its handling of the coronavirus pandemic. 46 00:02:50,320 --> 00:02:54,120 Speaker 1: So Jordan's as you as we try to navigate through this, 47 00:02:54,240 --> 00:02:57,359 Speaker 1: and the president's press conference yesterday, he tried to draw 48 00:02:57,440 --> 00:03:00,240 Speaker 1: a contrast between himself and the Biden campaign as it 49 00:03:00,320 --> 00:03:04,320 Speaker 1: relates to China. But this essentially is a tight rope 50 00:03:04,320 --> 00:03:07,040 Speaker 1: walk that the commander in chief has to walk from 51 00:03:07,120 --> 00:03:12,480 Speaker 1: his foreign policy strategy and also from his political strategy 52 00:03:12,560 --> 00:03:15,960 Speaker 1: as an incumbent on the campaign trail, and trailing significantly 53 00:03:16,000 --> 00:03:19,280 Speaker 1: at this point in the pulse. Yeah, of course, Kevin, 54 00:03:19,320 --> 00:03:21,240 Speaker 1: you hit it right on the head there. He wants 55 00:03:21,280 --> 00:03:24,000 Speaker 1: to portray this tough image on China. He said in 56 00:03:24,120 --> 00:03:26,560 Speaker 1: Rose Guarding yesterday that no administration has been tougher on 57 00:03:26,680 --> 00:03:29,320 Speaker 1: China then his UH, And you think that the key 58 00:03:29,480 --> 00:03:32,560 Speaker 1: message to his voters at the same time, you know 59 00:03:32,600 --> 00:03:36,160 Speaker 1: they've been the administration is stacked away from doing things 60 00:03:36,200 --> 00:03:39,760 Speaker 1: that might really upset the financial markets or really escalate 61 00:03:39,840 --> 00:03:42,280 Speaker 1: this conflict with trying to the extent that I could 62 00:03:42,360 --> 00:03:46,000 Speaker 1: damage the US economy. Thinking also of a few days 63 00:03:46,000 --> 00:03:49,360 Speaker 1: ago when our colleagues reported that the administration was considering 64 00:03:49,480 --> 00:03:53,320 Speaker 1: undermining the Hong Kong dollars tag to the U. S. Dollar. 65 00:03:53,760 --> 00:03:58,080 Speaker 1: That idea was swept aside, UH, in part because officials 66 00:03:58,080 --> 00:03:59,960 Speaker 1: thought it would do too much damage to the econm 67 00:04:00,000 --> 00:04:01,520 Speaker 1: of me, all right, we're gonna talk more China coming 68 00:04:01,560 --> 00:04:04,240 Speaker 1: up in my exclusive interview as Senator David Purdue, Republican 69 00:04:04,240 --> 00:04:06,360 Speaker 1: from Georgia, and of course with John said, the lady's 70 00:04:06,800 --> 00:04:09,720 Speaker 1: are geopolitical expert on this show. But let's pivot now 71 00:04:09,960 --> 00:04:14,400 Speaker 1: to domestic policy. This Peter Navarro flap, but but he's 72 00:04:14,440 --> 00:04:18,360 Speaker 1: attacking Dr Fauci uh in an op ed. And then 73 00:04:18,400 --> 00:04:22,719 Speaker 1: you've got now President Trump defending Dr Fauci. What gives 74 00:04:23,200 --> 00:04:26,800 Speaker 1: makes sense. What are they what are you hearing? Well, 75 00:04:26,800 --> 00:04:30,440 Speaker 1: what I'm hearing, Kevin is the Republicans would just hope 76 00:04:30,440 --> 00:04:32,160 Speaker 1: that the White House would move on from this suit. 77 00:04:32,200 --> 00:04:34,960 Speaker 1: They think it's counterproductive. They don't think that the top 78 00:04:35,560 --> 00:04:39,560 Speaker 1: the nation's top infectious disease experts being undermined by the 79 00:04:39,600 --> 00:04:41,960 Speaker 1: President or his aids. And they think that they the 80 00:04:41,960 --> 00:04:45,120 Speaker 1: president should be paying attention to a you know, addressing 81 00:04:45,160 --> 00:04:48,719 Speaker 1: the crisis and and be Joe Biden, his actual opponent 82 00:04:49,040 --> 00:04:53,839 Speaker 1: in the presidential race, instead of speaking feuds with people 83 00:04:54,040 --> 00:04:58,080 Speaker 1: within this administration. So, you know, but it comes at 84 00:04:58,080 --> 00:05:00,599 Speaker 1: a time in which the President is really trying to 85 00:05:00,680 --> 00:05:03,039 Speaker 1: reset in terms of the public perception of how he's 86 00:05:03,040 --> 00:05:05,719 Speaker 1: handling COVID nineteen. What else are you hearing we're gonna 87 00:05:05,760 --> 00:05:10,160 Speaker 1: see coming from President Trump? Well, it's it's hard to 88 00:05:10,160 --> 00:05:12,839 Speaker 1: stay Kevin. I mean, the administration has really shied away 89 00:05:13,000 --> 00:05:16,719 Speaker 1: on the coronavirus from uh doing much of its own 90 00:05:16,760 --> 00:05:19,800 Speaker 1: activities these days. They're really leaving it to states and 91 00:05:19,880 --> 00:05:22,960 Speaker 1: cities to come up with their own policies. We we've 92 00:05:23,240 --> 00:05:26,480 Speaker 1: haven't heard so much from the administration about, for example, 93 00:05:26,760 --> 00:05:29,200 Speaker 1: what the what their guidance is the open schools. We 94 00:05:29,240 --> 00:05:33,279 Speaker 1: had a really kfuffle last week when the administration tried 95 00:05:33,320 --> 00:05:37,320 Speaker 1: to essentially undermine the CDC's guidelines and school reopenings. But 96 00:05:37,400 --> 00:05:41,839 Speaker 1: we haven't seen UH them put out anything themselves. So 97 00:05:42,040 --> 00:05:44,400 Speaker 1: that's really generating a lot of confusion for state and 98 00:05:44,400 --> 00:05:47,719 Speaker 1: local leaders, and some of them are blaming the administration's 99 00:05:48,200 --> 00:05:51,599 Speaker 1: lack of guidance for the spike in cases that they're 100 00:05:51,640 --> 00:05:54,320 Speaker 1: not receiving the information they need to help get this 101 00:05:54,480 --> 00:05:58,400 Speaker 1: under control. Our colleague Mario Parker asking Vice President Mike 102 00:05:58,440 --> 00:06:04,280 Speaker 1: Pence UH during a campaign conference call about this, or 103 00:06:04,360 --> 00:06:06,320 Speaker 1: rather Mario Parker on the conference call that the Vice 104 00:06:06,320 --> 00:06:09,880 Speaker 1: President was on for UH the the campaign conference call, 105 00:06:09,960 --> 00:06:13,360 Speaker 1: and he called Dr Fauci a quote unquote valued member 106 00:06:13,400 --> 00:06:15,880 Speaker 1: of the Coronavirus Task Force. Quote we couldn't be more 107 00:06:15,920 --> 00:06:19,240 Speaker 1: grateful for his steady counsel end quote that according to 108 00:06:19,360 --> 00:06:22,479 Speaker 1: Vice President Mike Pence. So it really is a remarkable 109 00:06:23,240 --> 00:06:26,120 Speaker 1: dynamic that has emerged with some members of the President's 110 00:06:26,120 --> 00:06:30,720 Speaker 1: administration openly criticizing Dr Fauci, and others, including of course 111 00:06:30,760 --> 00:06:33,840 Speaker 1: the Vice President UH defending him and and and and 112 00:06:33,880 --> 00:06:37,480 Speaker 1: it's it's you know, in many ways, I think sort 113 00:06:37,480 --> 00:06:41,839 Speaker 1: of an illustration of how the president conducts his administration 114 00:06:41,880 --> 00:06:46,000 Speaker 1: where he doesn't mind having various viewpoints, speaking out publicly 115 00:06:46,040 --> 00:06:49,200 Speaker 1: and fighting it out, so to speak. It's remarkable. Okay, 116 00:06:49,240 --> 00:06:51,280 Speaker 1: the President was in Georgia today. We're gonna hear a 117 00:06:51,320 --> 00:06:53,680 Speaker 1: little bit about it from my interview with Senator per 118 00:06:53,760 --> 00:06:59,000 Speaker 1: Due up next. But Jordan's why was the president in Georgia, Kevin, 119 00:06:59,040 --> 00:07:01,560 Speaker 1: he was an out thing and you move from his 120 00:07:01,560 --> 00:07:06,200 Speaker 1: administration that would ease the approval of infrastructure projects like 121 00:07:06,240 --> 00:07:11,160 Speaker 1: Rhoden bridges, taking some environmental reviews and updating those policies 122 00:07:11,200 --> 00:07:14,560 Speaker 1: making it easier to get this project approved. Uh. Some 123 00:07:14,720 --> 00:07:17,560 Speaker 1: might jokes Infrastructure Week, but this is something that the 124 00:07:17,600 --> 00:07:20,200 Speaker 1: other person has talked about for a long time, trying to, 125 00:07:20,480 --> 00:07:23,280 Speaker 1: I suppose, get the focus back on his policy and 126 00:07:23,320 --> 00:07:26,760 Speaker 1: his agenda. Uh in a key swing state, I shouldn't. 127 00:07:26,760 --> 00:07:29,040 Speaker 1: I should note, you know, a long time red state, 128 00:07:29,080 --> 00:07:33,480 Speaker 1: Georgia now looking more purple. And the president is making 129 00:07:33,840 --> 00:07:36,560 Speaker 1: these official visits to certain states that are really key 130 00:07:36,640 --> 00:07:39,040 Speaker 1: for his re election, and he had to flourish at 131 00:07:39,040 --> 00:07:42,400 Speaker 1: the end of his remarks there telling the audience, uh, 132 00:07:42,440 --> 00:07:44,360 Speaker 1: you know, so, sort of saying the quiet part out loud. 133 00:07:44,400 --> 00:07:46,480 Speaker 1: I am making this announcement in Georgia. You know, we 134 00:07:46,520 --> 00:07:49,080 Speaker 1: have many special things on the way for you, so 135 00:07:49,680 --> 00:07:54,080 Speaker 1: really mixing his political and and UH and policy messages 136 00:07:54,120 --> 00:07:56,960 Speaker 1: there in Georgia. It's that time of year again, all right, 137 00:07:57,440 --> 00:07:59,520 Speaker 1: I should say, is that time of every four years. 138 00:08:00,160 --> 00:08:03,040 Speaker 1: Jordan Babyan are Bloomberg White House reporter breaking it all 139 00:08:03,120 --> 00:08:06,160 Speaker 1: down for us. Up next, Senator David Perdue, who traveled 140 00:08:06,160 --> 00:08:09,320 Speaker 1: with the President on Air Force one today while they 141 00:08:09,400 --> 00:08:14,240 Speaker 1: went to Georgia. That's up next. We talked foreign policy, China, infrastructure, 142 00:08:14,280 --> 00:08:16,440 Speaker 1: whether or not Republicans are going to get on board 143 00:08:16,440 --> 00:08:20,120 Speaker 1: for more disaster relief for American families. All of that 144 00:08:20,640 --> 00:08:23,600 Speaker 1: up next. Download the Bloomberg son On podcast on Apple iTunes, 145 00:08:23,640 --> 00:08:27,320 Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business App. 146 00:08:27,360 --> 00:08:30,440 Speaker 1: You can also find me on Radio dot Com, I 147 00:08:30,600 --> 00:08:35,000 Speaker 1: Heart Radio, and Spotify. Shout out to the Bloomberg sound 148 00:08:35,080 --> 00:08:39,840 Speaker 1: On team, Christine Rada, the executive produca, and Matthew Shirley, 149 00:08:40,400 --> 00:08:43,840 Speaker 1: the executive Guru. Right here there is there's the wave 150 00:08:44,000 --> 00:08:46,839 Speaker 1: in the video. Chat more next, I'm Kevin Sireli. You're 151 00:08:46,840 --> 00:09:11,000 Speaker 1: listening to Bloomberg. This is Bloomberg's sound on with Kevin 152 00:09:11,000 --> 00:09:15,240 Speaker 1: Surley on Bloomberg and one or five point seven f 153 00:09:15,360 --> 00:09:18,800 Speaker 1: m h D two. Earlier today, folks, I caught up 154 00:09:18,840 --> 00:09:21,880 Speaker 1: with Senator David Purdue, Republican from Georgia before he stepped 155 00:09:21,880 --> 00:09:24,720 Speaker 1: on board Air Force one with President Trump to travel 156 00:09:24,800 --> 00:09:27,920 Speaker 1: to Georgia, and I asked him about the unemployment checks 157 00:09:27,960 --> 00:09:30,760 Speaker 1: that are set to expire for millions of Americans and 158 00:09:30,920 --> 00:09:34,000 Speaker 1: just a matter of days take a lessen the economy 159 00:09:34,080 --> 00:09:36,840 Speaker 1: as we begin to reopening, is creating jobs right now. 160 00:09:37,360 --> 00:09:40,600 Speaker 1: We had to resist. We had a hindrance to people 161 00:09:40,640 --> 00:09:42,280 Speaker 1: going back to work that was a premium on the 162 00:09:42,320 --> 00:09:44,520 Speaker 1: unemployment that expires. And I believe a lot of people 163 00:09:44,559 --> 00:09:47,680 Speaker 1: with him to go begin going in and absorbing those 164 00:09:47,760 --> 00:09:50,080 Speaker 1: jobs that have been created. So that's number one. Number two, 165 00:09:50,280 --> 00:09:52,160 Speaker 1: we're looking at it very carefully. Right now. We have 166 00:09:52,240 --> 00:09:55,520 Speaker 1: another phase of aid that we may be voting on 167 00:09:55,679 --> 00:09:58,880 Speaker 1: even next week that was not might include liability protection, 168 00:09:59,400 --> 00:10:03,080 Speaker 1: some funding or reprogramming of funding for possibly our our 169 00:10:03,120 --> 00:10:06,080 Speaker 1: smallest towns and communities, and then we'll look at this. 170 00:10:06,200 --> 00:10:09,600 Speaker 1: We're really in this unemployment issue very seriously. And just 171 00:10:09,720 --> 00:10:12,560 Speaker 1: to follow up on that. There are also concerns that 172 00:10:12,760 --> 00:10:16,360 Speaker 1: states are underfunded. When I talk to governors, for example, 173 00:10:16,400 --> 00:10:18,880 Speaker 1: they're very concerned that they might have to be they 174 00:10:18,920 --> 00:10:22,120 Speaker 1: might have to start laying off or furloughing some federal 175 00:10:22,200 --> 00:10:27,079 Speaker 1: and state workers. Is there any conversations that you're having 176 00:10:27,080 --> 00:10:30,160 Speaker 1: that would provide some economic release to the states in 177 00:10:30,240 --> 00:10:31,679 Speaker 1: the next package. Well, I think you have to talk 178 00:10:31,720 --> 00:10:34,280 Speaker 1: about states differently. It's hard to generalize about states because 179 00:10:34,280 --> 00:10:37,000 Speaker 1: you have a group of state small number, um, but 180 00:10:37,200 --> 00:10:41,040 Speaker 1: they have been fiscally irresponsible. They've got huge retirement liabilities, 181 00:10:41,400 --> 00:10:43,679 Speaker 1: and I don't think there's an appetite in the Republican 182 00:10:43,720 --> 00:10:47,160 Speaker 1: caucus in the Senate anyway to bail them out at 183 00:10:47,280 --> 00:10:50,200 Speaker 1: using taxpayer dollars from those states who have been fiscally responsible, 184 00:10:50,240 --> 00:10:52,240 Speaker 1: like my state of Georgia and our state. We have 185 00:10:52,360 --> 00:10:55,120 Speaker 1: a rainy date fund that's fully funded. UM, we have 186 00:10:55,120 --> 00:10:57,800 Speaker 1: a balanced budget law and uh, you know we don't 187 00:10:57,840 --> 00:11:00,120 Speaker 1: have that, so, I mean it's a very fiscally all 188 00:11:00,200 --> 00:11:04,840 Speaker 1: run cut state. UM. I think there's some sensitivity here though, 189 00:11:04,840 --> 00:11:07,600 Speaker 1: about small towns and communities even in our state that 190 00:11:07,679 --> 00:11:11,319 Speaker 1: need help. They've lost revenue. Uh, They've got some aid 191 00:11:11,400 --> 00:11:14,400 Speaker 1: coming from the first round of package of this package. 192 00:11:14,400 --> 00:11:15,959 Speaker 1: But where we've really got to work on now is 193 00:11:16,000 --> 00:11:18,800 Speaker 1: giving the governors a little more latitude to get aid 194 00:11:18,800 --> 00:11:21,080 Speaker 1: down to them. There's still money available for that in 195 00:11:21,120 --> 00:11:23,000 Speaker 1: the first round of this. You know, the President when 196 00:11:23,000 --> 00:11:25,360 Speaker 1: he talks about economic stimulus, one of the things that 197 00:11:25,400 --> 00:11:29,760 Speaker 1: he mentions is infrastructure and potentially having infrastructure sometime in 198 00:11:29,880 --> 00:11:33,160 Speaker 1: September or October to have this be voted on. You've 199 00:11:33,200 --> 00:11:37,120 Speaker 1: got a plan in terms of infrastructure. How what what's 200 00:11:37,160 --> 00:11:39,199 Speaker 1: in the plan and how likely is it's a gardner 201 00:11:39,320 --> 00:11:42,720 Speaker 1: democratic support. Well, first of all, you know, the President 202 00:11:42,840 --> 00:11:46,680 Speaker 1: actually understands it. To compete globally economically, we have to 203 00:11:46,679 --> 00:11:49,280 Speaker 1: have a world class infrastructure. Here. George is very blessed 204 00:11:49,320 --> 00:11:50,880 Speaker 1: with that. We have the port of Savannah, which is 205 00:11:50,880 --> 00:11:53,160 Speaker 1: the third largest port in the country, the fastest growing, 206 00:11:53,200 --> 00:11:56,120 Speaker 1: the most productive port. The President's actually flying down to 207 00:11:56,200 --> 00:11:58,720 Speaker 1: Georgia today and make an announcement about how he's trying 208 00:11:58,720 --> 00:12:02,000 Speaker 1: to clear waste. He's actually changing a rule uh in 209 00:12:02,120 --> 00:12:06,360 Speaker 1: the government to allow a quicker turnaround for approvals for 210 00:12:06,559 --> 00:12:10,600 Speaker 1: new construction of infrastructure. The funding of infrastructure is the debate, right, 211 00:12:11,000 --> 00:12:13,080 Speaker 1: so we've got to find a way to use public 212 00:12:13,080 --> 00:12:17,000 Speaker 1: private partnerships to get these big infrastructure projects funded. The 213 00:12:17,040 --> 00:12:19,480 Speaker 1: President broke a log jam after twenty years of trying 214 00:12:19,480 --> 00:12:22,040 Speaker 1: to deepen the Port of Savantage just five feet. He 215 00:12:22,120 --> 00:12:24,320 Speaker 1: broke that logjam and we now get funded and it 216 00:12:24,360 --> 00:12:27,199 Speaker 1: will be completed the next year. So so he understands 217 00:12:27,200 --> 00:12:29,640 Speaker 1: the importance. You can't have a world class economy without 218 00:12:29,640 --> 00:12:32,760 Speaker 1: world class infrastructure. Are you optimistic that infrastructure could get 219 00:12:32,840 --> 00:12:35,000 Speaker 1: voted on by the fall, Yeah, but it'll be the 220 00:12:35,160 --> 00:12:38,360 Speaker 1: The structure of that is still debate in debate now. 221 00:12:38,360 --> 00:12:40,520 Speaker 1: The President wants a big he wants to go big, 222 00:12:40,559 --> 00:12:43,480 Speaker 1: and I understand that we are trying to digest right 223 00:12:43,520 --> 00:12:45,760 Speaker 1: now two point nine threeion dollars of a that we 224 00:12:45,880 --> 00:12:49,800 Speaker 1: just approved and appropriated, which added about three trillion dollars 225 00:12:49,800 --> 00:12:52,240 Speaker 1: to our federal debt. That's that's something that we've got 226 00:12:52,240 --> 00:12:55,200 Speaker 1: to get serious about. But I am also considered the 227 00:12:55,200 --> 00:12:57,640 Speaker 1: fact that we've got to make sure the economy continues 228 00:12:57,679 --> 00:12:59,960 Speaker 1: to dig its way out of this UM shutdown. I mean, 229 00:13:00,000 --> 00:13:02,000 Speaker 1: we shut the economy downs that ever been done before. 230 00:13:02,360 --> 00:13:06,120 Speaker 1: We created seven million new john in um May and June. 231 00:13:06,480 --> 00:13:09,640 Speaker 1: That's remarkable. What surprised everybody. If that were to continue, 232 00:13:10,400 --> 00:13:12,480 Speaker 1: we'll be we'll be digging out of this thing sooner 233 00:13:12,520 --> 00:13:14,679 Speaker 1: than later. Let me follow up with you on infrastructure, 234 00:13:14,679 --> 00:13:17,160 Speaker 1: because it's not just it's not just bridges, it's not 235 00:13:17,200 --> 00:13:21,080 Speaker 1: just rates, it's not just getting cutting through regulatory red tape. 236 00:13:21,120 --> 00:13:23,160 Speaker 1: It's also cyber. You know, when you look at the 237 00:13:23,200 --> 00:13:25,480 Speaker 1: developments as it relates to China, and you being a 238 00:13:25,520 --> 00:13:29,080 Speaker 1: member of Senate Foreign Relations, this this has to include cyber, 239 00:13:29,160 --> 00:13:31,400 Speaker 1: does it not? What already does? I mean? Since President 240 00:13:31,440 --> 00:13:34,400 Speaker 1: Trump got in office, we've been working diligently, uh to 241 00:13:34,480 --> 00:13:37,280 Speaker 1: get broadband to our rural communities. America has gone through 242 00:13:37,320 --> 00:13:39,920 Speaker 1: fifty years of urbanization. I think we can see some 243 00:13:39,960 --> 00:13:41,760 Speaker 1: of the ills of that right now. One of the 244 00:13:41,800 --> 00:13:44,959 Speaker 1: great resources we have are our rural communities. The problem 245 00:13:45,040 --> 00:13:47,120 Speaker 1: is they don't have access to broadband the same way 246 00:13:47,160 --> 00:13:49,320 Speaker 1: our major cities do because of the economics of it. 247 00:13:49,640 --> 00:13:51,760 Speaker 1: So the government has been moving on that. The President 248 00:13:51,800 --> 00:13:54,280 Speaker 1: has been very supportive of that. I know the Department 249 00:13:54,280 --> 00:13:56,640 Speaker 1: of Agriculture and our state has several projects that are 250 00:13:56,640 --> 00:14:00,320 Speaker 1: bringing billions of dollars of investment to infrastructure that we'll 251 00:14:00,320 --> 00:14:03,000 Speaker 1: bring broadband to our rural community So that's that's a 252 00:14:03,000 --> 00:14:05,800 Speaker 1: big deal. As we learned coming out of COVID, telehealth, 253 00:14:05,840 --> 00:14:10,240 Speaker 1: tele education, all that requires a broadband in infrastructure, and 254 00:14:10,240 --> 00:14:12,480 Speaker 1: that's what we're focusing on right now. And just one 255 00:14:12,520 --> 00:14:16,040 Speaker 1: final question. Yesterday President Trump signed into law a piece 256 00:14:16,080 --> 00:14:19,800 Speaker 1: of legislation with bipartisan support that would allow for the 257 00:14:19,920 --> 00:14:24,360 Speaker 1: US to really target from a financial perspective, individuals who 258 00:14:24,440 --> 00:14:27,240 Speaker 1: in the Communist Party who backed the so called national 259 00:14:27,320 --> 00:14:30,840 Speaker 1: security laws against Hong Kong. What other tools are at 260 00:14:30,840 --> 00:14:34,440 Speaker 1: the United States disposal in the short term to utilize 261 00:14:34,480 --> 00:14:38,960 Speaker 1: to pressure China. This is a new era in terms 262 00:14:39,000 --> 00:14:42,160 Speaker 1: of bilateral relationship between China and the US. I'm involved 263 00:14:42,200 --> 00:14:43,840 Speaker 1: in that. I used to live in Hong Kong, lived 264 00:14:43,840 --> 00:14:45,440 Speaker 1: in Singapore for a while. I worked in China for 265 00:14:45,440 --> 00:14:48,800 Speaker 1: many years. Uh, this is a complex equation. It's a 266 00:14:48,840 --> 00:14:52,960 Speaker 1: great culture, it's five thousand years heritage. But they've been 267 00:14:53,000 --> 00:14:56,440 Speaker 1: acting and nefariously here in the last few decades. As 268 00:14:56,480 --> 00:15:00,120 Speaker 1: they've implemented the Bell Road initiative, They're made China I have, 269 00:15:00,200 --> 00:15:02,320 Speaker 1: they have a social credit score. They've complemented on their 270 00:15:02,320 --> 00:15:04,360 Speaker 1: own people, and in Hong Kong, you see that they're 271 00:15:04,400 --> 00:15:07,400 Speaker 1: moving to reverse some of the individual freedoms that had 272 00:15:07,480 --> 00:15:10,560 Speaker 1: been enjoyed in Hong Kong all during the time that 273 00:15:11,160 --> 00:15:13,720 Speaker 1: the UK was in control. Actually, what China is doing 274 00:15:13,800 --> 00:15:15,640 Speaker 1: right now is in violation of the agreement they had 275 00:15:15,640 --> 00:15:18,200 Speaker 1: with the UK as they handed Hong Kong back over 276 00:15:18,240 --> 00:15:21,400 Speaker 1: to China back in nineties seven. So this is a 277 00:15:21,440 --> 00:15:24,160 Speaker 1: serious issue. I support the President of what he's doing, 278 00:15:24,200 --> 00:15:26,440 Speaker 1: and this gives us an opportunity to to deal with 279 00:15:26,560 --> 00:15:29,560 Speaker 1: China on some of the things they're doing to reduce 280 00:15:29,640 --> 00:15:32,600 Speaker 1: freedoms in places like Hong Kong and more types of 281 00:15:32,680 --> 00:15:35,000 Speaker 1: this legislation could be in the works. Well, we already 282 00:15:35,040 --> 00:15:37,200 Speaker 1: have plenty of ways to do that right now, but yeah, 283 00:15:37,240 --> 00:15:39,000 Speaker 1: there could be other legislation. But what we want to 284 00:15:39,040 --> 00:15:41,840 Speaker 1: do is engage China on a level of mutual respect. 285 00:15:41,880 --> 00:15:43,960 Speaker 1: I mean, that's what we've been doing in trade and 286 00:15:43,960 --> 00:15:47,040 Speaker 1: and what the President Trump has been doing with President Hijiping, 287 00:15:47,680 --> 00:15:50,320 Speaker 1: what we've been doing in terms of trying to UH 288 00:15:50,320 --> 00:15:53,200 Speaker 1: and sent them to stop the cyber war UH if 289 00:15:53,240 --> 00:15:55,480 Speaker 1: you will open up their markets, which they've done in 290 00:15:55,520 --> 00:15:57,680 Speaker 1: the first round of our trade agreement. So we've had 291 00:15:57,720 --> 00:16:00,480 Speaker 1: some monumental progress with China. We just have to get 292 00:16:00,520 --> 00:16:02,520 Speaker 1: through this rough patch right now, or what they're doing 293 00:16:02,520 --> 00:16:05,280 Speaker 1: in Hong Kong and other places as well as UM 294 00:16:05,320 --> 00:16:07,200 Speaker 1: coming to grips with what just happened in the COVID 295 00:16:07,280 --> 00:16:11,240 Speaker 1: nineteen dollar pig should should should? Hong Kong's currency pegs 296 00:16:11,280 --> 00:16:12,840 Speaker 1: to the US doll ara. Well, I think what we've 297 00:16:12,880 --> 00:16:17,160 Speaker 1: done is we've taken away the relationship and trade in 298 00:16:17,240 --> 00:16:19,320 Speaker 1: finance that we've had with Hong Kong because they were 299 00:16:19,360 --> 00:16:21,760 Speaker 1: more of an autonomous entity. That was the agreement with 300 00:16:21,800 --> 00:16:24,720 Speaker 1: the UK. The rules and changes that have been made 301 00:16:24,720 --> 00:16:26,920 Speaker 1: in those rules by China over the last really a 302 00:16:26,920 --> 00:16:30,280 Speaker 1: couple of years is changing that autonomous nature, and so 303 00:16:30,320 --> 00:16:32,440 Speaker 1: we're dealing with Hong Kong now is more of a 304 00:16:32,480 --> 00:16:36,120 Speaker 1: part of China with regard to finance and economic issues. 305 00:16:36,680 --> 00:16:39,880 Speaker 1: That was my interview with Senator David Perdue, a Republican 306 00:16:39,920 --> 00:16:42,640 Speaker 1: from Georgia. He was traveling with the President today while 307 00:16:42,720 --> 00:16:44,920 Speaker 1: the President was in Georgia. And coming up our panel 308 00:16:44,960 --> 00:16:48,680 Speaker 1: reacts former Congressman Patrick Murphy and John Celiti's Kevin Cirelli 309 00:16:48,760 --> 00:16:50,680 Speaker 1: chief watching a correspondent f for Bomberg TV and Radio. 310 00:16:50,720 --> 00:17:06,520 Speaker 1: And you're listening to Bloomberg. This is Bloomberg sound on 311 00:17:06,840 --> 00:17:11,200 Speaker 1: with Kevin Surreley on Bloomberg and one oh five point 312 00:17:11,280 --> 00:17:14,800 Speaker 1: seven f m HD two. I'm Kevin's really chief Washington 313 00:17:14,840 --> 00:17:18,000 Speaker 1: correspondent for Bloomberg Television and for Bloomberg Radio. Joining us 314 00:17:18,040 --> 00:17:20,920 Speaker 1: on the line too. Friends of the program, John siddeleydys 315 00:17:21,000 --> 00:17:26,000 Speaker 1: geopolitical strategists at Trilogy Advisors and diplomacy consultant to the 316 00:17:26,080 --> 00:17:30,400 Speaker 1: State Department, and former Florida Congressman Patrick Murphy. Let's start 317 00:17:30,440 --> 00:17:33,840 Speaker 1: with Patrick Patrick. What's going on down there in Florida? 318 00:17:33,960 --> 00:17:36,600 Speaker 1: How are the cases? Are y'all back on lockdown? What's 319 00:17:36,600 --> 00:17:40,760 Speaker 1: going on? You know, it's still pretty open down here. Uh, 320 00:17:41,560 --> 00:17:44,760 Speaker 1: people are starting to wear masks a little bit more, 321 00:17:45,640 --> 00:17:48,560 Speaker 1: but it's still pretty open. Um. They've started to make 322 00:17:48,600 --> 00:17:52,520 Speaker 1: some adjustments for restaurants sitting indoors versus outdoors, but it's 323 00:17:52,520 --> 00:17:56,760 Speaker 1: a county by county, city by city situation, so um. 324 00:17:56,800 --> 00:17:58,760 Speaker 1: You know, Miami has been a little bit more stringent 325 00:17:58,800 --> 00:18:01,240 Speaker 1: and rightfully so this has been really the epicenter of 326 00:18:01,280 --> 00:18:03,320 Speaker 1: a lot of the cases. But you head north to 327 00:18:03,359 --> 00:18:07,200 Speaker 1: Broward Tall Beach County and its business as usual, uh not, 328 00:18:07,200 --> 00:18:10,280 Speaker 1: not a lot of precautions being taken all right. Meanwhile, 329 00:18:10,640 --> 00:18:12,960 Speaker 1: what what do you think do you think additional precautions 330 00:18:12,960 --> 00:18:15,480 Speaker 1: need to be taken in terms of the spiking cases 331 00:18:15,480 --> 00:18:18,800 Speaker 1: because on the national media front, everyone's saying, oh, there's 332 00:18:18,840 --> 00:18:22,600 Speaker 1: gotta be more cases, There's gotta be more cases. Yeah, 333 00:18:23,280 --> 00:18:25,359 Speaker 1: I think there does. I think you look at the 334 00:18:25,400 --> 00:18:29,280 Speaker 1: countries that have successfully uh kind of bent the curve 335 00:18:29,520 --> 00:18:32,640 Speaker 1: and and gotten over this. There have been national mandate, 336 00:18:32,800 --> 00:18:36,440 Speaker 1: national leadership, to wear masks, to social distance, to have 337 00:18:37,200 --> 00:18:41,760 Speaker 1: national testing, coordination, contact tracing, etcetera. Um, and I think 338 00:18:41,760 --> 00:18:43,679 Speaker 1: you're seeing it with the private sector. You know today's 339 00:18:43,680 --> 00:18:46,520 Speaker 1: announcement that Walmart uh and Sam's Clubs are going to 340 00:18:46,600 --> 00:18:49,119 Speaker 1: mandate all stores, all people going into those stories have 341 00:18:49,240 --> 00:18:51,560 Speaker 1: to wear a mask. Uh. You know, they've realized that 342 00:18:51,600 --> 00:18:53,840 Speaker 1: the federal government's not gonna, you know, take the lead, 343 00:18:54,359 --> 00:18:56,280 Speaker 1: that it's not working. They got to do it themselves, 344 00:18:57,160 --> 00:19:00,400 Speaker 1: all right, Johnson, Ladies, before we talk us and China relations, 345 00:19:00,440 --> 00:19:02,520 Speaker 1: I do want to ask you in terms of, uh, 346 00:19:02,640 --> 00:19:04,879 Speaker 1: just what you think that the White House needs to 347 00:19:04,920 --> 00:19:07,120 Speaker 1: be doing. And we saw, of course the Peter Navarro 348 00:19:07,680 --> 00:19:10,160 Speaker 1: bed that was penned where he was critical of Dr Fauci, 349 00:19:10,240 --> 00:19:13,359 Speaker 1: President Trump walking that back Vice President Mike Penn's walking 350 00:19:13,400 --> 00:19:16,840 Speaker 1: that back. Why is there this open discussion about the 351 00:19:16,920 --> 00:19:22,200 Speaker 1: legitimacy of Dr Fauci right now playing out in the press. Well, first, 352 00:19:22,520 --> 00:19:25,240 Speaker 1: the first question that you asked Kevin about the role 353 00:19:25,280 --> 00:19:27,760 Speaker 1: of the federal government, I think first and foremost is 354 00:19:27,800 --> 00:19:32,439 Speaker 1: to provide whatever support the various states and counties needs 355 00:19:32,440 --> 00:19:34,920 Speaker 1: to be able to deal with COVID on a county 356 00:19:34,920 --> 00:19:39,320 Speaker 1: by county, statewide or regional basis. There is no one 357 00:19:39,359 --> 00:19:41,520 Speaker 1: size fits all approach to this because there are a 358 00:19:41,600 --> 00:19:45,240 Speaker 1: number of states, especially in the Midwest and the Rocky Mountains. 359 00:19:45,600 --> 00:19:47,840 Speaker 1: But if nothing along the lines of what you know 360 00:19:47,960 --> 00:19:52,600 Speaker 1: destroyed populations in New York, New Jersey other parts of 361 00:19:52,640 --> 00:19:55,320 Speaker 1: the country, So there's no one size fits sold. But 362 00:19:55,359 --> 00:19:59,240 Speaker 1: I think it's very important to provide logistical support, equipment, 363 00:19:59,800 --> 00:20:02,280 Speaker 1: U technical know how, in the like, and that's going 364 00:20:02,359 --> 00:20:06,320 Speaker 1: to be critical on the Dr Fauci situation. You know, 365 00:20:06,400 --> 00:20:08,919 Speaker 1: the question I've been asking myself for weeks, Kevin, is 366 00:20:09,560 --> 00:20:12,960 Speaker 1: Dr Faucci seems to have been giving statements on things 367 00:20:12,960 --> 00:20:15,960 Speaker 1: that have really nothing to do with his portfolio. Right. 368 00:20:16,119 --> 00:20:19,879 Speaker 1: He's uh, he's a disease specialist at the CDC and 369 00:20:19,960 --> 00:20:24,000 Speaker 1: yet he's been talking about cook up sex on smartphone apps. 370 00:20:24,040 --> 00:20:27,480 Speaker 1: He's been talking about sports seasons and talking about a 371 00:20:27,560 --> 00:20:29,960 Speaker 1: number of things that he really should not be talking 372 00:20:30,000 --> 00:20:33,000 Speaker 1: about and just focus on his specialty. And I think 373 00:20:33,000 --> 00:20:35,640 Speaker 1: that's what there's been some tension. And I've always wondered 374 00:20:35,920 --> 00:20:37,920 Speaker 1: why isn't the White House just asking him to stay 375 00:20:38,000 --> 00:20:40,760 Speaker 1: focused on what he knows best and leave other subjects alone. 376 00:20:41,200 --> 00:20:44,439 Speaker 1: But this issue with Peter Navarro is fascinating because I 377 00:20:44,480 --> 00:20:47,200 Speaker 1: can't imagine he would submit an opted to USA today 378 00:20:47,280 --> 00:20:50,080 Speaker 1: without some type of approval. But it's unclear as to 379 00:20:50,119 --> 00:20:52,399 Speaker 1: whether or not he has gotten that. So there is 380 00:20:52,400 --> 00:20:54,320 Speaker 1: a riff, and I don't know what it portends for 381 00:20:54,400 --> 00:20:58,600 Speaker 1: Fauci's future and the CDC. All right, Patrick Murphy, I 382 00:20:58,600 --> 00:21:01,320 Speaker 1: mean from the Democratic first to fartes such a crucial 383 00:21:01,359 --> 00:21:06,000 Speaker 1: battleground state. Republicans as of now are going to have 384 00:21:06,080 --> 00:21:10,639 Speaker 1: their Republican National Convention in Florida. But from from a 385 00:21:10,720 --> 00:21:15,360 Speaker 1: swing voter battleground state perspective, Patrick Murphy, I mean, how 386 00:21:15,400 --> 00:21:18,760 Speaker 1: does it play? I mean, is Dr Fauci fully politicized 387 00:21:18,880 --> 00:21:21,600 Speaker 1: right now or is he still trusted or what does this? 388 00:21:21,880 --> 00:21:26,080 Speaker 1: How are Democrats going to use this disagreement regarding Dr 389 00:21:26,119 --> 00:21:29,800 Speaker 1: Fauci in the general election. You can put him in 390 00:21:29,840 --> 00:21:33,840 Speaker 1: the same bucket as masks. Uhr, mass have become a 391 00:21:33,920 --> 00:21:37,600 Speaker 1: sort of political statement right where Republicans and Democrats are 392 00:21:37,600 --> 00:21:39,840 Speaker 1: gonna fight over whether they're necessary, whether you wear them 393 00:21:39,920 --> 00:21:43,399 Speaker 1: or not, and the same things happening without to Republicans 394 00:21:43,440 --> 00:21:45,560 Speaker 1: aren't going to listen to them anymore, and in Democrats 395 00:21:45,560 --> 00:21:48,200 Speaker 1: will and Democrats will, you know, continue saying that we 396 00:21:48,240 --> 00:21:52,639 Speaker 1: should listen to experts and people that have studied health 397 00:21:52,720 --> 00:21:56,480 Speaker 1: and treatment their whole life and not you know, bankrupt 398 00:21:56,560 --> 00:21:59,600 Speaker 1: real estate developers for example, uh and their leadership on 399 00:21:59,600 --> 00:22:02,760 Speaker 1: this issue. So it's it's pretty you know, easy battle 400 00:22:02,800 --> 00:22:06,040 Speaker 1: lines being drawn here on listening to experts are not 401 00:22:07,359 --> 00:22:10,560 Speaker 1: on these kinds of issues. And um, you know, I 402 00:22:10,560 --> 00:22:14,439 Speaker 1: think this is going to be very divisive campaign, you know, 403 00:22:15,000 --> 00:22:18,320 Speaker 1: looking ahead, um forgetting the culture wars and all that. 404 00:22:18,520 --> 00:22:23,960 Speaker 1: But if masks become partisan, if experts and healthcare become partisan, 405 00:22:24,240 --> 00:22:26,919 Speaker 1: we got a pretty big issue in our country. You know, 406 00:22:27,000 --> 00:22:29,159 Speaker 1: it really is remarkable, folks, if you're just joining us 407 00:22:29,280 --> 00:22:31,920 Speaker 1: John Sidildes and Patrick Murphy, who are the best of 408 00:22:31,960 --> 00:22:33,399 Speaker 1: the biz. If I do say so I saw the 409 00:22:33,440 --> 00:22:35,760 Speaker 1: panel today, I thought, well, this is gonna be easy. 410 00:22:35,960 --> 00:22:40,280 Speaker 1: I can I can take a breath. Uh, John, okay, 411 00:22:40,359 --> 00:22:42,800 Speaker 1: US and China. Let's get to to foreign relations. You know, 412 00:22:42,840 --> 00:22:46,200 Speaker 1: I spoke with Senator David Purdue earlier today, Republican from Georgia. 413 00:22:46,240 --> 00:22:48,800 Speaker 1: He of course is on Senate form Relations. You know, 414 00:22:49,160 --> 00:22:52,760 Speaker 1: this is and talking about the Hong Kong legislation that 415 00:22:52,840 --> 00:22:55,399 Speaker 1: the President signed into law, allowing him to do some 416 00:22:55,440 --> 00:22:58,560 Speaker 1: sanctions on some of the officials in China who backed 417 00:22:58,600 --> 00:23:01,760 Speaker 1: the so called national security measures for Hong Kong. Our 418 00:23:01,840 --> 00:23:05,120 Speaker 1: Jennifer Jacobs reporting tonight that on the Bloomberg White House 419 00:23:05,119 --> 00:23:09,359 Speaker 1: team that you know, the President actually could have gone 420 00:23:09,400 --> 00:23:13,520 Speaker 1: further and decided not to. Okay, So what else can 421 00:23:13,560 --> 00:23:16,119 Speaker 1: he do? What is feasible? What's on the table that 422 00:23:16,160 --> 00:23:20,600 Speaker 1: would have bipartisan support in the House and in the Senate? Uh? 423 00:23:20,960 --> 00:23:26,440 Speaker 1: Before the election? Should the Shenanigans with China continue to intensify, 424 00:23:27,080 --> 00:23:30,359 Speaker 1: I'm gonna look at this in two ways, Kevin. First 425 00:23:30,359 --> 00:23:33,560 Speaker 1: of all, as the congressman stated, we have enough issues 426 00:23:33,600 --> 00:23:37,119 Speaker 1: that are quite polarizing in American politics right now, but 427 00:23:37,200 --> 00:23:41,679 Speaker 1: there's actually a growing bipartisan consensus that we need to 428 00:23:41,720 --> 00:23:45,600 Speaker 1: shift the relationship with China in a very different direction 429 00:23:45,720 --> 00:23:49,160 Speaker 1: than Democrats and Republicans together, but always the right way 430 00:23:49,200 --> 00:23:52,240 Speaker 1: to approach China for several decades. And what I'm seeing 431 00:23:52,320 --> 00:23:57,280 Speaker 1: right now, really because of China's belligerents economically, militarily, diplomatically, 432 00:23:58,040 --> 00:24:01,800 Speaker 1: is a global landscape that's being rendered even more complex, 433 00:24:02,119 --> 00:24:06,080 Speaker 1: both by the economic recessions after COVID but also the 434 00:24:06,119 --> 00:24:10,040 Speaker 1: decisions that China is taking that are then compelling this. 435 00:24:10,320 --> 00:24:12,600 Speaker 1: I don't want to say unified, but I will say 436 00:24:12,640 --> 00:24:15,880 Speaker 1: more of a consensus approach in Washington that we need 437 00:24:15,920 --> 00:24:18,719 Speaker 1: to shift directions. Now. There will be a healthy debate 438 00:24:19,440 --> 00:24:21,000 Speaker 1: about this, and this is going to be one of 439 00:24:21,000 --> 00:24:24,439 Speaker 1: the dividing lines between President Trump and former Vice President Biden, 440 00:24:24,480 --> 00:24:27,840 Speaker 1: because Trump is trying to already demonstrate that Joe Biden 441 00:24:27,960 --> 00:24:31,760 Speaker 1: was quote unquote soft on China during his career, and 442 00:24:31,880 --> 00:24:34,840 Speaker 1: Biden will try to demonstrate that the President has failed 443 00:24:34,960 --> 00:24:39,760 Speaker 1: in dealing with China realistically and sufficiently aggressively. But you're 444 00:24:39,800 --> 00:24:42,760 Speaker 1: going to see a number of legislative measures Senate and 445 00:24:42,880 --> 00:24:47,639 Speaker 1: House Democrats and Republicans coming together to check the the 446 00:24:48,320 --> 00:24:52,120 Speaker 1: deceptiveness with which China has been engaged in listing its 447 00:24:52,119 --> 00:24:54,920 Speaker 1: companies on US markets and with its which has been 448 00:24:54,920 --> 00:24:59,639 Speaker 1: trying to acquire distress companies whose capitalization flattened out because 449 00:24:59,680 --> 00:25:02,480 Speaker 1: of of it. And Hong Kong and the Weakers is 450 00:25:02,640 --> 00:25:04,840 Speaker 1: use right now. I mean, these are issues that we 451 00:25:04,920 --> 00:25:07,240 Speaker 1: put on the margins because we weren't supposed to talk 452 00:25:07,280 --> 00:25:10,119 Speaker 1: about China human rights so that we can help liberalize China. 453 00:25:10,680 --> 00:25:13,320 Speaker 1: And now human rights in Hong Kong, the Weakers, the 454 00:25:13,400 --> 00:25:16,159 Speaker 1: one million Muslims in the Western China, and even the 455 00:25:16,240 --> 00:25:19,680 Speaker 1: kind of aggressive activities against Taiwan and India are all 456 00:25:19,760 --> 00:25:23,360 Speaker 1: now part and parcel of this new US policy sort 457 00:25:23,400 --> 00:25:26,320 Speaker 1: of a whole of government approach. And I'll close on 458 00:25:26,320 --> 00:25:29,359 Speaker 1: this Kevin. He already had a major speech by National 459 00:25:29,400 --> 00:25:33,439 Speaker 1: Security Advisor Robert O'Brien several weeks ago. Last week, FBI 460 00:25:33,560 --> 00:25:37,800 Speaker 1: Director Christopher Ray pointed out there are several thousand investigations 461 00:25:38,280 --> 00:25:41,520 Speaker 1: of different China acts of malfeas into the US economy, 462 00:25:41,960 --> 00:25:44,679 Speaker 1: and we'll probably have major policy speeches coming up from 463 00:25:44,720 --> 00:25:48,359 Speaker 1: Secretary of State Mike Pompeo and even Attorney General William 464 00:25:48,359 --> 00:25:50,800 Speaker 1: bar in the next two weeks to lay out where 465 00:25:50,800 --> 00:25:53,679 Speaker 1: exactly the Trump strategy will be headed. Well, okay, let 466 00:25:53,680 --> 00:25:55,919 Speaker 1: me follow up, and we've got like literally sixty seconds, 467 00:25:55,920 --> 00:25:58,359 Speaker 1: but just not in a answer this in terms of 468 00:25:58,359 --> 00:26:01,440 Speaker 1: a practical matter. You're saying it. You know, you're giving 469 00:26:01,480 --> 00:26:03,439 Speaker 1: us the tea leaves. There's thousands of cases that are 470 00:26:03,480 --> 00:26:06,679 Speaker 1: being investigated. You're saying that William Barr, Attorney General William 471 00:26:06,720 --> 00:26:09,480 Speaker 1: Barr could start to play a role in China policy. Wow, 472 00:26:10,560 --> 00:26:12,680 Speaker 1: it's already been announced that he'll be giving a major 473 00:26:12,760 --> 00:26:16,320 Speaker 1: policy speeching from the Attorney General's perspective on the Justice 474 00:26:16,359 --> 00:26:19,320 Speaker 1: Department's perspective. So this is going to be, as I said, 475 00:26:19,359 --> 00:26:23,800 Speaker 1: a whole of government approach challenge because they're gonna beat 476 00:26:23,840 --> 00:26:25,040 Speaker 1: them in the courts. And I go back to the 477 00:26:25,600 --> 00:26:28,320 Speaker 1: speech that Secretary Pompeo gave I believe at the end 478 00:26:28,320 --> 00:26:31,479 Speaker 1: of last year, where he was talking about, um, you know, 479 00:26:31,600 --> 00:26:34,000 Speaker 1: just the infiltration of the Communist Party and how on 480 00:26:34,080 --> 00:26:37,480 Speaker 1: a local level the Chinese have tried to penetrate institutions 481 00:26:37,480 --> 00:26:39,800 Speaker 1: of all kinds, including higher education and the like. Alright, 482 00:26:39,840 --> 00:26:43,280 Speaker 1: more next with the All Star panel, John Cidolitis and 483 00:26:43,359 --> 00:26:45,520 Speaker 1: Patrick Murphy. We got him off the fishing boat. I'm 484 00:26:45,600 --> 00:26:49,080 Speaker 1: Kevin Cirelli, Chief Washington correspondent for Bloomberg TV and Radio. 485 00:26:49,080 --> 00:26:51,679 Speaker 1: I want to go phishing. I deserve a day on 486 00:26:51,840 --> 00:26:54,280 Speaker 1: the Potel mic to go fishing. You're listening to Bloomberg 487 00:26:55,200 --> 00:27:02,560 Speaker 1: point one. This is Bloomberg Sound On with Kevin Surreley 488 00:27:02,960 --> 00:27:06,560 Speaker 1: on Bloomberg and one oh five point seven f M 489 00:27:06,680 --> 00:27:08,679 Speaker 1: h D two. All right, we're gonna do this, folks. 490 00:27:08,720 --> 00:27:11,200 Speaker 1: I'm Kevin Cirelli, chi Flashing, a correspondent from Member TV 491 00:27:11,280 --> 00:27:15,919 Speaker 1: and Radio. Our guests on the program are Patrick Murphy, 492 00:27:15,960 --> 00:27:19,440 Speaker 1: former Democratic Florida congressman, and John Siddeley. Sorry, I don't 493 00:27:19,440 --> 00:27:21,240 Speaker 1: know why I do that with names. I just can't 494 00:27:21,240 --> 00:27:24,159 Speaker 1: help it. Maybe it's because of the you know, he's Greek, 495 00:27:24,400 --> 00:27:28,680 Speaker 1: but I'm Italian geopolitical strategist of Trilogy Advisors and diplomacy 496 00:27:28,760 --> 00:27:31,639 Speaker 1: consultant to the States Department. All right, my dad turned 497 00:27:31,680 --> 00:27:34,159 Speaker 1: seventy next weekend, gentlemen, what should I get him for 498 00:27:34,200 --> 00:27:38,359 Speaker 1: his seventieth birthday? I can't get him a yacht, Patrick Murphy, 499 00:27:38,400 --> 00:27:40,760 Speaker 1: so just don't even go there. But you can go first. 500 00:27:40,800 --> 00:27:46,160 Speaker 1: What should I get my dad for a seventieth? So? Really, 501 00:27:46,280 --> 00:27:48,560 Speaker 1: don't golf? Murphy? Come on, Okay, do I do I 502 00:27:48,600 --> 00:27:50,720 Speaker 1: strike you as the type of guy's on the golf course? No, 503 00:27:50,880 --> 00:27:53,240 Speaker 1: my hustle. You think I got here by by going 504 00:27:53,400 --> 00:27:55,600 Speaker 1: to swing at clubs whatever they do? How do you 505 00:27:55,640 --> 00:27:57,840 Speaker 1: keep score? How does Tiger Woods keep score? I'm kidding. 506 00:27:58,160 --> 00:28:00,119 Speaker 1: Uh no, but my dad always had this express and 507 00:28:00,160 --> 00:28:02,520 Speaker 1: so really don't golf and cur really don't ski. I've 508 00:28:02,560 --> 00:28:05,879 Speaker 1: already been skiing. I've have been golfing once or twice. 509 00:28:06,080 --> 00:28:07,639 Speaker 1: I'd like to say for my first try, I was 510 00:28:07,720 --> 00:28:10,000 Speaker 1: the best. Enough about me? What should I get him? 511 00:28:10,000 --> 00:28:13,879 Speaker 1: He likes to grill? Get him a green egg, a 512 00:28:13,960 --> 00:28:17,240 Speaker 1: green egg, a great grill, alright, familiar with that? Yeah? 513 00:28:17,320 --> 00:28:19,480 Speaker 1: You know? I you know, it was like Dr Seuss's 514 00:28:19,640 --> 00:28:22,639 Speaker 1: Green Eggs and Amp the big Green egg. Check it out. 515 00:28:22,800 --> 00:28:25,639 Speaker 1: It's but it's a hell of a grill, alright, alright, 516 00:28:25,640 --> 00:28:29,400 Speaker 1: if it's passion, if it's Patti Burphy in doors, uh 517 00:28:29,560 --> 00:28:31,399 Speaker 1: drive cdelities. What do I get my dad for his 518 00:28:31,480 --> 00:28:36,119 Speaker 1: seventieth I am a birthday card and write him a 519 00:28:36,200 --> 00:28:39,040 Speaker 1: letter with about a thousand words telling him why he's 520 00:28:39,080 --> 00:28:42,560 Speaker 1: your hero and the most important man in your life. Well, 521 00:28:42,680 --> 00:28:44,400 Speaker 1: I could write a whole book on that. Um and 522 00:28:44,440 --> 00:28:47,440 Speaker 1: maybe you will. I know he is. It'll be a 523 00:28:47,440 --> 00:28:51,720 Speaker 1: lot more enduring. He is the man. Okay, enough about 524 00:28:51,840 --> 00:28:55,120 Speaker 1: Nick Sorelli back in Delco, let's go back to the news. 525 00:28:55,240 --> 00:28:57,800 Speaker 1: It's time now for my favorite segment of the show, 526 00:28:58,160 --> 00:29:01,680 Speaker 1: What's on your radar? Um? And I'm gonna kick things 527 00:29:01,680 --> 00:29:07,040 Speaker 1: off because Barata Christine Barrata uh showed me this article 528 00:29:07,600 --> 00:29:11,240 Speaker 1: that is on the Bloomberg terminal from h Gregory Quarte 529 00:29:11,400 --> 00:29:15,920 Speaker 1: called headline Most Pennsylvanians believe their neighbors secretly support Trump. 530 00:29:16,280 --> 00:29:20,400 Speaker 1: New pole gives credence to trump claims of the silent majority. 531 00:29:20,600 --> 00:29:24,280 Speaker 1: Biden leads by thirteen points in Pennsylvania Mammoth University Bull 532 00:29:24,320 --> 00:29:27,720 Speaker 1: Pennsylvania voters support Joe Biden by thirteen percentage points over 533 00:29:27,760 --> 00:29:30,880 Speaker 1: President Donald Trump, according to a poll release Wednesday, But 534 00:29:30,920 --> 00:29:34,520 Speaker 1: a majority also believed that their neighbors secretly support the 535 00:29:34,560 --> 00:29:39,040 Speaker 1: president and that Biden may still lose. Wow. So I 536 00:29:39,040 --> 00:29:41,480 Speaker 1: guess my question to the panel quickly so that I 537 00:29:41,480 --> 00:29:43,800 Speaker 1: can hear your thoughts. But my question of the panel, 538 00:29:44,160 --> 00:29:48,120 Speaker 1: people believe that the silent majority exists? Patrick, you go first. 539 00:29:49,760 --> 00:29:51,800 Speaker 1: I can't deny that, all right, I mean, I have 540 00:29:51,880 --> 00:29:55,040 Speaker 1: that conversation every day with with with folks, um and 541 00:29:55,080 --> 00:29:58,120 Speaker 1: getting them to admit, uh, their support for whomever it 542 00:29:58,200 --> 00:30:01,200 Speaker 1: is can be a little tricky things. I'm so divisive now, 543 00:30:01,480 --> 00:30:04,120 Speaker 1: whether it's in your your your business, or your family. 544 00:30:04,840 --> 00:30:06,920 Speaker 1: People are a little bit you know, sort of shy 545 00:30:06,960 --> 00:30:10,240 Speaker 1: to talk about it often, so um, you know, sometimes 546 00:30:10,280 --> 00:30:12,560 Speaker 1: they're kind of judging the crowd and making their own 547 00:30:12,640 --> 00:30:15,480 Speaker 1: public statement based who's around them, not really how they're 548 00:30:15,480 --> 00:30:18,880 Speaker 1: going to vote. So that doesn't surprise me at all. Alright, 549 00:30:19,200 --> 00:30:23,600 Speaker 1: Democrats should underestimate the impact of that John City in Pennsylvania, 550 00:30:23,680 --> 00:30:27,600 Speaker 1: battleground Pennsylvania which not carried in Wow. People think that 551 00:30:27,800 --> 00:30:31,800 Speaker 1: they're looking over their shoulders at their neighbors. Well, I 552 00:30:31,840 --> 00:30:36,120 Speaker 1: agree with the Congressman Kevin and look proved that there 553 00:30:36,240 --> 00:30:37,680 Speaker 1: is actually I mean, I don't know what we want 554 00:30:37,680 --> 00:30:40,920 Speaker 1: to call them asylum majority. I mean they weren't the majority. 555 00:30:40,960 --> 00:30:44,640 Speaker 1: They were a popular minority, but an electoral majority. Um, 556 00:30:44,760 --> 00:30:49,120 Speaker 1: shy Trump voters, people who rather not be castigated or 557 00:30:49,160 --> 00:30:53,160 Speaker 1: marketalized in their workplace or in their respective social environments. 558 00:30:53,240 --> 00:30:56,959 Speaker 1: But proved it. And that's why I'm very skeptical of 559 00:30:57,080 --> 00:31:00,640 Speaker 1: the the precise numbers in the poll link. I think 560 00:31:00,640 --> 00:31:03,400 Speaker 1: the polls that we're seeing give us a general sense 561 00:31:03,960 --> 00:31:07,000 Speaker 1: of trend lines that do favor Biden right now, and 562 00:31:07,160 --> 00:31:10,320 Speaker 1: it could just be Trump exhaustion with a large number 563 00:31:10,320 --> 00:31:13,280 Speaker 1: of voters. But I'm not interested very much in the 564 00:31:13,400 --> 00:31:16,440 Speaker 1: popular polls sort of nationwide, because they tell us nothing 565 00:31:16,480 --> 00:31:19,360 Speaker 1: about the electoral college. I'm looking at a map of 566 00:31:19,480 --> 00:31:23,040 Speaker 1: my screen here, Kevin, and right now, fairly if Biden 567 00:31:23,080 --> 00:31:25,800 Speaker 1: has about two hundred and ten to two hundred twenty 568 00:31:25,960 --> 00:31:30,440 Speaker 1: pretty certain votes, Trump about one fifteen to about one fifty, 569 00:31:30,520 --> 00:31:33,920 Speaker 1: depending on whether you actually consider texas a tossing state, 570 00:31:33,960 --> 00:31:36,920 Speaker 1: which I don't, but that still leads about a hundred 571 00:31:36,920 --> 00:31:41,480 Speaker 1: and seventy toss up electoral votes in about twelve to 572 00:31:41,600 --> 00:31:45,880 Speaker 1: thirteen states. And the question really becomes how many persuadable 573 00:31:45,960 --> 00:31:48,960 Speaker 1: voters are out there? I mean, are most Democrats going 574 00:31:49,000 --> 00:31:52,200 Speaker 1: to vote for Biden no matter what, and most Republicans 575 00:31:52,200 --> 00:31:54,080 Speaker 1: are going to vote for Trump no matter what? Or 576 00:31:54,280 --> 00:31:57,520 Speaker 1: are there maybe ten fifteen to eighteen percent of the 577 00:31:57,560 --> 00:32:00,719 Speaker 1: electorate that can actually be persuaded need to vote one 578 00:32:00,800 --> 00:32:03,040 Speaker 1: way or the other. That's I think what everyone's going 579 00:32:03,080 --> 00:32:05,760 Speaker 1: to be focused on come September and October. But I 580 00:32:05,760 --> 00:32:08,680 Speaker 1: think most of these people are really otherwise focused on 581 00:32:09,040 --> 00:32:14,000 Speaker 1: economic lifelines, COVID vacations in the summertime and bill shop 582 00:32:14,040 --> 00:32:16,320 Speaker 1: in their focus in September and October. Some not really 583 00:32:16,320 --> 00:32:18,480 Speaker 1: worried about the polls right now either way, and whether 584 00:32:18,560 --> 00:32:19,960 Speaker 1: or not the kids are going back to school. You know, 585 00:32:20,000 --> 00:32:23,040 Speaker 1: I gotta be honest, Jeff, I gotta be honest. That 586 00:32:23,160 --> 00:32:26,320 Speaker 1: article in the Bloomberg terminal most Pennsylvanians believe their neighbors 587 00:32:26,360 --> 00:32:30,200 Speaker 1: secretly support Trump by my colleague Gregory Courte. Gotta tell you, Courte, 588 00:32:30,360 --> 00:32:34,760 Speaker 1: you are ignited. The politically diverse s Rally family text chain, 589 00:32:35,000 --> 00:32:37,720 Speaker 1: the Surrelli family. We call ourselves the Valleys as a joke, 590 00:32:37,760 --> 00:32:41,440 Speaker 1: which probably no one understands neither why, but anyway, it's uh, 591 00:32:41,560 --> 00:32:44,240 Speaker 1: it's lit as the youth say, Okay, Patrick Murphy, what's 592 00:32:44,240 --> 00:32:47,720 Speaker 1: on your what's on your radar? You know, think it's 593 00:32:48,000 --> 00:32:51,760 Speaker 1: gonna be interesting and brought scary to see what happens 594 00:32:51,760 --> 00:32:55,440 Speaker 1: when the government aid starts to subside, Uh, not only 595 00:32:55,480 --> 00:32:59,200 Speaker 1: for individuals but businesses. And there was a great article 596 00:32:59,320 --> 00:33:03,800 Speaker 1: in Bloomberg today talking about Edward Altman, uh n y 597 00:33:03,960 --> 00:33:07,320 Speaker 1: U professor talking about the amount of bankruptcies. Uh, you 598 00:33:07,360 --> 00:33:10,280 Speaker 1: know that are probably coming. We've had you know, thirty 599 00:33:10,360 --> 00:33:13,400 Speaker 1: major companies already file uh and they're expecting at least 600 00:33:13,440 --> 00:33:15,600 Speaker 1: sixty dot end of the year. I think that's just 601 00:33:15,600 --> 00:33:17,960 Speaker 1: the tip of the iceberg. I think COVID nineteen has 602 00:33:17,960 --> 00:33:22,760 Speaker 1: set up a massive change in society away from perhaps 603 00:33:22,760 --> 00:33:26,080 Speaker 1: the typical office you know, more of the remote working, um, 604 00:33:26,400 --> 00:33:30,280 Speaker 1: more technology, I think, becoming prominent in our workspace and 605 00:33:30,320 --> 00:33:33,360 Speaker 1: our schools and our individual lives, etcetera. Uh So, I 606 00:33:33,360 --> 00:33:35,800 Speaker 1: think we're gonna go through some major changes really quickly 607 00:33:35,840 --> 00:33:38,280 Speaker 1: because of this. Really that's a that's a great one, 608 00:33:38,320 --> 00:33:42,160 Speaker 1: and so many families right now unfortunately living uh in 609 00:33:42,160 --> 00:33:45,080 Speaker 1: in in a lot of economic anxiety trying to figure 610 00:33:45,080 --> 00:33:47,880 Speaker 1: out where that's that's going to happen in the next 611 00:33:47,960 --> 00:33:50,000 Speaker 1: couple of days. Uh. John said, the ladies, what's on 612 00:33:50,000 --> 00:33:54,000 Speaker 1: your radar? Two quick things, Kevin, if you're permitted me. 613 00:33:54,480 --> 00:33:56,840 Speaker 1: One is when we were talking about Attorney General bar 614 00:33:57,040 --> 00:33:59,840 Speaker 1: and China strategy is one of the issues he s 615 00:34:00,000 --> 00:34:02,840 Speaker 1: going to be talking about the possibility of stripping China 616 00:34:02,960 --> 00:34:06,400 Speaker 1: of sovereign immunity in the United States for the purpose 617 00:34:06,480 --> 00:34:10,719 Speaker 1: of lawsuits filed by American citizens and American businesses against 618 00:34:11,000 --> 00:34:14,600 Speaker 1: the Chinese Communist Party for the damage reaked by COVID 619 00:34:14,640 --> 00:34:17,680 Speaker 1: in the United States. So there'll be one interesting Angia. 620 00:34:17,760 --> 00:34:20,280 Speaker 1: Like we did with Iran, and like we did Shaudi Arabia, 621 00:34:20,800 --> 00:34:23,200 Speaker 1: this China fall into that category. So we'll see what 622 00:34:23,280 --> 00:34:25,640 Speaker 1: bar is going to be talking about. And number two 623 00:34:25,760 --> 00:34:29,040 Speaker 1: again China, because we can't stop talking about China. The 624 00:34:29,120 --> 00:34:32,800 Speaker 1: revenge of hug In thing against Donald Frump's maximum pressure 625 00:34:33,120 --> 00:34:36,719 Speaker 1: campaign against Iran, the announcement of a twenty five year 626 00:34:36,840 --> 00:34:41,480 Speaker 1: four hundred billion dollar economic partnership between China and Iran. 627 00:34:42,000 --> 00:34:45,200 Speaker 1: China gets deeply discounted Irani and oil for the next 628 00:34:45,200 --> 00:34:48,960 Speaker 1: twenty five years, and Iran gets four hundred billion dollars 629 00:34:49,000 --> 00:34:54,320 Speaker 1: of Chinese investment in Iranian infrastructure five g through Huawei. 630 00:34:54,440 --> 00:34:58,000 Speaker 1: Iran falls under the Belt Road initiative and really gives 631 00:34:58,040 --> 00:35:01,560 Speaker 1: the Iranian leadership at flyind that Trump was looking to 632 00:35:01,680 --> 00:35:06,640 Speaker 1: extinguish with this maximum pressure campaigns. Wow, that's a really 633 00:35:06,640 --> 00:35:08,520 Speaker 1: good one. I could do a whole hour on the 634 00:35:08,680 --> 00:35:11,880 Speaker 1: John Silitis, my friend, Patrick Murphy, my friend. Thank you 635 00:35:11,920 --> 00:35:14,160 Speaker 1: both so much for sharing the hour or the half 636 00:35:14,239 --> 00:35:17,799 Speaker 1: hour with me. I really really appreciated, uh, John Silini's 637 00:35:17,880 --> 00:35:20,680 Speaker 1: of Trilogy Advisors, and of course Patrick Murphy, the former 638 00:35:20,719 --> 00:35:23,680 Speaker 1: Florida congressman, appreciate all of your work on this And 639 00:35:23,680 --> 00:35:25,160 Speaker 1: did you see this? It just broke in the New 640 00:35:25,239 --> 00:35:28,880 Speaker 1: York Times. Twitter accounts for Biden, Gates, Musk and others 641 00:35:28,880 --> 00:35:31,720 Speaker 1: are breached. The accounts tweeted that they would double payments 642 00:35:31,719 --> 00:35:34,920 Speaker 1: in bitcoins sent to a certain cryptocurrency. While it obviously 643 00:35:35,200 --> 00:35:38,680 Speaker 1: that is not true. But Shara Frankel reporting out in 644 00:35:38,680 --> 00:35:40,760 Speaker 1: the San Francisco Times Bureau, that's some of the biggest 645 00:35:40,840 --> 00:35:44,720 Speaker 1: names in politics, entertainment, and technology, including Biden, Kanye West 646 00:35:44,920 --> 00:35:46,680 Speaker 1: and the names that I just mentioned, appeared to have 647 00:35:46,719 --> 00:35:49,960 Speaker 1: their Twitter accounts hacked earlier today. That does it for me. 648 00:35:50,000 --> 00:35:52,759 Speaker 1: I'm Kevin Silli, chief Washington correspondent from the Murk TV 649 00:35:52,840 --> 00:35:55,840 Speaker 1: and Radio shout out to Maroufle, Matt and of course 650 00:35:55,840 --> 00:35:58,920 Speaker 1: Barata for working on the show today. Charlie Volmer as 651 00:35:58,960 --> 00:36:02,520 Speaker 1: well read how Chili Peppers. Let's just let that take 652 00:36:02,560 --> 00:36:04,480 Speaker 1: it out. I'm Kevin's really thanks for listening more tomorrow 653 00:36:04,520 --> 00:36:06,200 Speaker 1: if you're listening to Bluebird and I did I want