1 00:00:00,360 --> 00:00:05,080 Speaker 1: Live from our nations. How do we reopen this economy? 2 00:00:05,160 --> 00:00:08,280 Speaker 1: The latest on how this pandemic is impacting farmers. What 3 00:00:08,400 --> 00:00:11,400 Speaker 1: does this do? From the United States relationship with China. 4 00:00:11,560 --> 00:00:16,480 Speaker 1: Bloomberg Sound on the Inside, the influencers, the insides. We're 5 00:00:16,520 --> 00:00:19,680 Speaker 1: responding to this crisis and manufacturers are stepping up like 6 00:00:19,840 --> 00:00:23,360 Speaker 1: never before. We're looking at seventy Kennedys for different vactines. 7 00:00:23,440 --> 00:00:26,080 Speaker 1: How do we make sure a pandemic of this scale 8 00:00:26,160 --> 00:00:30,240 Speaker 1: never happens again? This is Bloomberg Sound On with Kevin 9 00:00:30,320 --> 00:00:34,600 Speaker 1: Surrelate on Bloomberg and one oh five point seven F 10 00:00:34,720 --> 00:00:38,239 Speaker 1: M h D two. Happy hump Day, you made it 11 00:00:38,320 --> 00:00:42,519 Speaker 1: through halfway of another week. And President Trump's Operation Warp 12 00:00:42,640 --> 00:00:46,720 Speaker 1: Speed aims to rush the coronavirus vaccine, fresh off my 13 00:00:46,760 --> 00:00:49,440 Speaker 1: exclusive interview last week with Dr Cadok, who was working 14 00:00:49,440 --> 00:00:51,920 Speaker 1: behind the scenes. Folks. As you heard here, First, US 15 00:00:51,960 --> 00:00:55,160 Speaker 1: cases rise two point seven below the past weeks three 16 00:00:55,200 --> 00:01:00,440 Speaker 1: percent average, and Dr Fauci calls data from Julia had 17 00:01:00,520 --> 00:01:04,040 Speaker 1: virus jug trial quote good news. Hey, if Dr Fauci 18 00:01:04,080 --> 00:01:06,240 Speaker 1: says it's good news, then I guess he must be 19 00:01:06,319 --> 00:01:09,560 Speaker 1: onto something. Plus Michelle Obama robocalls all of that and 20 00:01:09,600 --> 00:01:13,640 Speaker 1: Facebook surges after revenue holds up in the midst of pandemic. 21 00:01:13,680 --> 00:01:17,600 Speaker 1: We've got an all star, all star panel and a 22 00:01:17,600 --> 00:01:22,480 Speaker 1: few surprises, including the co founder of Ben's Chili Bowl. 23 00:01:22,720 --> 00:01:25,160 Speaker 1: My first guest on the program, good friend of the program, 24 00:01:25,440 --> 00:01:29,400 Speaker 1: the Congressman Trey Hollingsworth. He, of course, is a Republican 25 00:01:29,480 --> 00:01:32,840 Speaker 1: from Indiana and a senior member of the Republican on 26 00:01:32,880 --> 00:01:35,560 Speaker 1: the Republican side of the House Financial Services Committee. A 27 00:01:35,560 --> 00:01:37,839 Speaker 1: good friend of the program. Cocressan, thanks for coming back, listen. 28 00:01:38,040 --> 00:01:41,200 Speaker 1: I gotta be honest, I'm frustrated. Why aren't you and 29 00:01:41,319 --> 00:01:43,960 Speaker 1: your colleagues coming back into town next week? I had 30 00:01:44,000 --> 00:01:47,800 Speaker 1: a lot of questions for everybody. Kevin, I am as 31 00:01:47,880 --> 00:01:53,240 Speaker 1: well frustrated. We should be leading by example. Americans coast 32 00:01:53,280 --> 00:01:55,400 Speaker 1: to coast are wondering what does it look like when 33 00:01:55,400 --> 00:01:57,840 Speaker 1: we open back up? How do we open back up? 34 00:01:57,880 --> 00:02:00,560 Speaker 1: And Congress should be setting an exam of how we 35 00:02:00,600 --> 00:02:03,880 Speaker 1: can mitigate risk, how we can minimize transmission, but how 36 00:02:03,960 --> 00:02:07,680 Speaker 1: we can get back to work. Leadership is about setting 37 00:02:07,680 --> 00:02:10,760 Speaker 1: the right example, and we should be in Washington finding 38 00:02:10,760 --> 00:02:13,280 Speaker 1: ways to move the American people forward, finding ways to 39 00:02:13,320 --> 00:02:17,000 Speaker 1: move the American government forward even in these challenging and 40 00:02:17,080 --> 00:02:20,359 Speaker 1: difficult times. We can do it. We should be doing it. Congress, 41 00:02:20,360 --> 00:02:22,799 Speaker 1: when you went to the University of Pennsylvania, I grew 42 00:02:22,840 --> 00:02:25,000 Speaker 1: up in the suburbs of Philli. I went to Penn State, 43 00:02:25,080 --> 00:02:27,360 Speaker 1: the other penn You know what I'm trying to say. 44 00:02:27,440 --> 00:02:30,320 Speaker 1: But listen, I remember when I was a kid, and 45 00:02:30,760 --> 00:02:33,520 Speaker 1: it was this. I have goose goose bumps just thinking 46 00:02:33,520 --> 00:02:36,359 Speaker 1: about when Republicans and Democrats stood on the steps of 47 00:02:36,400 --> 00:02:40,519 Speaker 1: the Capitol after September eleventh, United and it's sent such 48 00:02:40,639 --> 00:02:44,560 Speaker 1: a clear and reassuring message to the country, to to 49 00:02:44,800 --> 00:02:48,720 Speaker 1: our enemies overseas, that America stood firm and stood united. 50 00:02:48,760 --> 00:02:50,560 Speaker 1: And I just can't help. But I'm not blaming you 51 00:02:50,600 --> 00:02:53,280 Speaker 1: for this. I'm I'm wondering what your thoughts are. I 52 00:02:53,360 --> 00:02:56,160 Speaker 1: just can't help but think maybe the country's missing an 53 00:02:56,160 --> 00:02:59,800 Speaker 1: opportunity to send a clear signal to I don't know, 54 00:03:00,200 --> 00:03:04,440 Speaker 1: Shijing Ping that Americans stand united in their and their 55 00:03:04,520 --> 00:03:08,040 Speaker 1: questions for wanting answers to how to prevent this thing 56 00:03:08,080 --> 00:03:11,440 Speaker 1: from happening again. I think that's exactly right, and it's 57 00:03:11,480 --> 00:03:15,320 Speaker 1: so well said. We should show the resolve that our 58 00:03:15,400 --> 00:03:18,680 Speaker 1: forefathers had. We should show the resolve that the American 59 00:03:18,840 --> 00:03:22,920 Speaker 1: people have to move this country forward to demand answers 60 00:03:23,000 --> 00:03:25,880 Speaker 1: and to find a pathway to ensure that we don't 61 00:03:25,880 --> 00:03:29,480 Speaker 1: have to endure this again. This is hugely important. This 62 00:03:29,600 --> 00:03:32,160 Speaker 1: is a moment of crisis, but it is also a 63 00:03:32,240 --> 00:03:35,560 Speaker 1: moment for us to come together and show the country 64 00:03:35,600 --> 00:03:38,040 Speaker 1: that the Washington they become accustomed to for the last 65 00:03:38,040 --> 00:03:41,440 Speaker 1: thirty or forty years, the divisive Washington and Washington it's 66 00:03:41,480 --> 00:03:44,880 Speaker 1: all about politics and not about the advancement of American people. 67 00:03:44,920 --> 00:03:47,520 Speaker 1: That Washington is behind us. That book has been closed, 68 00:03:47,760 --> 00:03:50,080 Speaker 1: and this starting now, is going to be a new 69 00:03:50,080 --> 00:03:52,720 Speaker 1: Washington that is focused on how do we advance the 70 00:03:52,720 --> 00:03:55,800 Speaker 1: American people and the American way of life, no matter 71 00:03:55,960 --> 00:03:58,720 Speaker 1: the circumstances we find ourselves in. You know, earlier today 72 00:03:58,760 --> 00:04:01,560 Speaker 1: I spoke with one of your call leagues, Congressman Dan Crenshaw, 73 00:04:01,640 --> 00:04:05,400 Speaker 1: a Republican from from Texas, and and I asked him, 74 00:04:05,440 --> 00:04:07,040 Speaker 1: you know, what do you what do you want to 75 00:04:07,080 --> 00:04:09,360 Speaker 1: see happen the first week that lawmakers are back, And 76 00:04:09,400 --> 00:04:11,520 Speaker 1: he said, it's not a matter of passing another stimulus, 77 00:04:11,560 --> 00:04:14,200 Speaker 1: it's a matter of reopening the economy. And from your 78 00:04:14,280 --> 00:04:17,120 Speaker 1: vantage point when you're talking to constituents, What are the 79 00:04:17,240 --> 00:04:20,159 Speaker 1: local main street businesses saying in your district? What do 80 00:04:20,240 --> 00:04:23,080 Speaker 1: they need? Are they are they having trouble getting access 81 00:04:23,120 --> 00:04:26,680 Speaker 1: to loans? What? What are? What do they need yesterday? 82 00:04:26,720 --> 00:04:28,600 Speaker 1: But what can what can lawmakers do to get it 83 00:04:28,640 --> 00:04:33,599 Speaker 1: to them? Now? This is what every business person knows already. 84 00:04:33,720 --> 00:04:36,960 Speaker 1: I've spent the lass fifteen years in business. What they 85 00:04:37,040 --> 00:04:40,320 Speaker 1: need is clarity in certainty. What they need is a 86 00:04:40,480 --> 00:04:42,720 Speaker 1: pathway for They need to hear from their governors. They 87 00:04:42,720 --> 00:04:45,000 Speaker 1: need to hear from their federal lawmakers. This is what 88 00:04:45,080 --> 00:04:47,280 Speaker 1: you can and can't do. This is when we're gonna 89 00:04:47,279 --> 00:04:50,320 Speaker 1: open X business. This is when we're gonna open y industry. 90 00:04:50,480 --> 00:04:53,080 Speaker 1: They need that clarity. I've got tons of small businesses 91 00:04:53,080 --> 00:04:55,640 Speaker 1: that I'm saying, I don't need more handouts. I need 92 00:04:55,720 --> 00:04:58,200 Speaker 1: you to let me open. I don't need more help up. 93 00:04:58,360 --> 00:05:00,600 Speaker 1: I need you to let me generate value from my customers. 94 00:05:00,640 --> 00:05:02,760 Speaker 1: I don't need you to be handing more checks to 95 00:05:02,760 --> 00:05:05,240 Speaker 1: my employees. I want to hand them checks because they're 96 00:05:05,279 --> 00:05:07,200 Speaker 1: coming into work every day. What they want is a 97 00:05:07,240 --> 00:05:09,240 Speaker 1: path forward, and if that means wearing a mask when 98 00:05:09,240 --> 00:05:10,960 Speaker 1: they're at work, they're ready to do it. If that 99 00:05:11,040 --> 00:05:13,039 Speaker 1: means limiting the number of people that can come into 100 00:05:13,040 --> 00:05:15,440 Speaker 1: their stores, They're ready to do it. But what they 101 00:05:15,480 --> 00:05:17,520 Speaker 1: need is that clarity. Even in our own state of 102 00:05:17,600 --> 00:05:20,600 Speaker 1: hearing from businesses that say, I want to open maybe Friday, 103 00:05:20,680 --> 00:05:23,560 Speaker 1: maybe next Friday, but I can't order supplies and then 104 00:05:23,560 --> 00:05:25,200 Speaker 1: not be able to sell them because they'll go bad. 105 00:05:25,480 --> 00:05:27,479 Speaker 1: I need that clarity of when is this gonna happen, 106 00:05:27,520 --> 00:05:29,240 Speaker 1: what is it gonna look like? And I will make 107 00:05:29,240 --> 00:05:30,920 Speaker 1: the plans and I will get through this and get 108 00:05:30,920 --> 00:05:32,760 Speaker 1: my business through it if you just give me the 109 00:05:32,760 --> 00:05:36,720 Speaker 1: certainty and clarity going forward. There's been a national conversation 110 00:05:36,800 --> 00:05:39,760 Speaker 1: in recent weeks, playing out not just on Main Street 111 00:05:39,760 --> 00:05:41,839 Speaker 1: and Wall Street and in the halls and not in 112 00:05:41,880 --> 00:05:45,520 Speaker 1: the in the virtual halls, the zoom halls of Congress Um, 113 00:05:45,520 --> 00:05:47,400 Speaker 1: as well as in the pages of the Wall Street Journal, 114 00:05:47,600 --> 00:05:51,200 Speaker 1: Bloomberg Opinion, and and the editorial pages of the New 115 00:05:51,279 --> 00:05:54,800 Speaker 1: York Times, just about how to reopen, the speed of reopening, 116 00:05:55,000 --> 00:05:57,480 Speaker 1: and and this issue that's emerging. I know we've got 117 00:05:57,480 --> 00:05:59,720 Speaker 1: to be careful with how we say this, but you know, 118 00:06:00,480 --> 00:06:04,640 Speaker 1: this question of if if, the if, the health effects 119 00:06:05,080 --> 00:06:08,640 Speaker 1: and the virus from a health perspective, has not had 120 00:06:08,680 --> 00:06:11,000 Speaker 1: as much of an impact in certain parts of the country. 121 00:06:11,000 --> 00:06:14,960 Speaker 1: Should they be held to the same economic restraints as 122 00:06:15,000 --> 00:06:18,760 Speaker 1: where an epicenter is? And you know, I mean, I 123 00:06:18,760 --> 00:06:20,800 Speaker 1: I look at this virus. I'm not a doctor. I 124 00:06:20,839 --> 00:06:22,919 Speaker 1: do not pretend to be one. I have nothing but 125 00:06:23,000 --> 00:06:25,240 Speaker 1: respect for for the medical workers on the front lines. 126 00:06:25,360 --> 00:06:27,479 Speaker 1: But I look at this almost like a hurt an 127 00:06:27,520 --> 00:06:30,520 Speaker 1: epicenter being a hurricane. And if there was a hurricane 128 00:06:30,520 --> 00:06:32,839 Speaker 1: in New Orleans when New York City shut down? No, 129 00:06:33,480 --> 00:06:35,800 Speaker 1: So I guess how do we I don't want to 130 00:06:35,800 --> 00:06:38,160 Speaker 1: play blame game. I don't want to play partisan politics. 131 00:06:38,200 --> 00:06:40,440 Speaker 1: I want to be really careful with my questions. How 132 00:06:40,480 --> 00:06:45,760 Speaker 1: do we prevent in the future, God forbid, another pandemic happens, 133 00:06:46,440 --> 00:06:50,920 Speaker 1: the a blanket economic collateral damage from happening. Do you 134 00:06:50,920 --> 00:06:54,640 Speaker 1: get what I'm getting at, Congressman, I absolutely do. And 135 00:06:54,680 --> 00:06:56,960 Speaker 1: I think it gets back to something that my grandfather 136 00:06:57,240 --> 00:07:00,720 Speaker 1: very well said many decades ago. He said, a man 137 00:07:00,880 --> 00:07:04,719 Speaker 1: can drown in a river that averages two feet deep. Right, So, 138 00:07:04,839 --> 00:07:07,360 Speaker 1: what we've been doing in the national statistic credible. We've 139 00:07:07,360 --> 00:07:10,040 Speaker 1: been saying the statistics for the whole country. Right, Here's 140 00:07:10,040 --> 00:07:12,280 Speaker 1: how many people have this, Here's how many people have 141 00:07:12,400 --> 00:07:15,200 Speaker 1: perished from this. What we need to do is dig 142 00:07:15,240 --> 00:07:18,240 Speaker 1: into that data. Let's talk about the populations that are 143 00:07:18,320 --> 00:07:21,040 Speaker 1: less susceptable. Let's talk about the populations that are more susceptible. 144 00:07:21,120 --> 00:07:23,840 Speaker 1: Let's talk about the geographies that have less incidents and 145 00:07:23,840 --> 00:07:26,040 Speaker 1: the geographies that have more instance. Let's talk about the 146 00:07:26,080 --> 00:07:29,480 Speaker 1: industries that have less contact by their very nature than 147 00:07:29,600 --> 00:07:34,120 Speaker 1: other industries. And let's start developing a nuance, science based, 148 00:07:34,520 --> 00:07:38,200 Speaker 1: thoughtful plan for how we get the most people, the 149 00:07:38,240 --> 00:07:42,200 Speaker 1: most freedom, and the most economic activity back while keeping 150 00:07:42,240 --> 00:07:44,960 Speaker 1: in the confines of mitigating and minimizing the risk. That's 151 00:07:44,960 --> 00:07:47,600 Speaker 1: not too much to ask. This country has the best 152 00:07:47,640 --> 00:07:50,840 Speaker 1: economists in the world. This country has the best research 153 00:07:50,880 --> 00:07:53,160 Speaker 1: scientists in the world. This country is the best medical 154 00:07:53,240 --> 00:07:55,920 Speaker 1: professionals in the world. We've got to dig below this 155 00:07:56,320 --> 00:08:00,240 Speaker 1: average data across this country, this aggregate data, and start 156 00:08:00,280 --> 00:08:03,240 Speaker 1: looking at how do we get the most Americans back 157 00:08:03,280 --> 00:08:06,440 Speaker 1: to their lives, back to their American way of life 158 00:08:06,800 --> 00:08:10,560 Speaker 1: as possible well, making sure it is scientifically based that 159 00:08:10,720 --> 00:08:13,000 Speaker 1: we are focused on the health and safety of individuals. 160 00:08:13,160 --> 00:08:14,880 Speaker 1: But there is an answer out here and the answer 161 00:08:15,000 --> 00:08:17,960 Speaker 1: is it all or nothing? All right, Congressman hollings where 162 00:08:17,960 --> 00:08:20,360 Speaker 1: it's Republican from Indiana. You got your masters at Georgetown, 163 00:08:20,360 --> 00:08:21,720 Speaker 1: so I take it you do. You have been to 164 00:08:21,800 --> 00:08:25,120 Speaker 1: Bench Chili Bowl before, right of course. All right, So 165 00:08:25,160 --> 00:08:27,040 Speaker 1: coming up next, I'm actually going to interview the co 166 00:08:27,120 --> 00:08:29,280 Speaker 1: founder of Bench Chili Bowl to get an update on 167 00:08:29,320 --> 00:08:31,440 Speaker 1: how they're getting with their loans. So you know, you 168 00:08:31,520 --> 00:08:34,000 Speaker 1: gotta you gotta keep with the the icons of Washington 169 00:08:34,120 --> 00:08:36,240 Speaker 1: d C. Yes or no, because we've got less than 170 00:08:36,280 --> 00:08:40,160 Speaker 1: thirty seconds. What uh is there going to be bipartisanship 171 00:08:40,200 --> 00:08:43,320 Speaker 1: on China? I think so? I think you're not. You're 172 00:08:43,360 --> 00:08:46,200 Speaker 1: not gonna see a lot of candidates run approach China campaign. 173 00:08:46,240 --> 00:08:49,360 Speaker 1: All right, I appreciate that, Congressman Hollingsworth, always a pleasure, 174 00:08:49,400 --> 00:08:51,360 Speaker 1: Thanks so much for coming on more Next, I'm Kevin Silly. 175 00:08:51,400 --> 00:09:01,600 Speaker 1: You're listening to Bluebird, you're listening to Bloomberg. Sound On 176 00:09:01,679 --> 00:09:06,000 Speaker 1: with Kevin on Bloomberg and one A five point seven 177 00:09:06,440 --> 00:09:10,120 Speaker 1: h D two. So I grew up in Tolco outside 178 00:09:10,120 --> 00:09:13,720 Speaker 1: of Philadelphia. And I say this because this next segment 179 00:09:13,760 --> 00:09:16,320 Speaker 1: is dedicated to my uncle Mike. I'm Kevin Sireli, chief 180 00:09:16,320 --> 00:09:19,839 Speaker 1: Washington correspondent for Bloomberg Television on Bloomberg Radio. And I'm 181 00:09:19,840 --> 00:09:22,760 Speaker 1: working from home in the nation's capital. Well it's not 182 00:09:22,800 --> 00:09:24,720 Speaker 1: really home. Delco Will always been home. But my uncle 183 00:09:24,760 --> 00:09:28,079 Speaker 1: Mike has had a Hogi shop for like forty plus years. 184 00:09:28,360 --> 00:09:30,520 Speaker 1: Forty plus years. So if you ever drive up the 185 00:09:30,520 --> 00:09:33,640 Speaker 1: Blue Route and uh, you get off mac dave Boulevard, 186 00:09:33,679 --> 00:09:36,280 Speaker 1: first exit, you're with me, and you get off McDaid 187 00:09:36,679 --> 00:09:39,560 Speaker 1: and you go right to Mike. I see I called 188 00:09:39,640 --> 00:09:41,880 Speaker 1: uncle Mike's. It's not called that. It's Michael Sandwich Shop 189 00:09:41,920 --> 00:09:43,760 Speaker 1: is the formal name, but Mikey's. And you get a 190 00:09:43,800 --> 00:09:46,160 Speaker 1: hog you get the Brejudo Hogi and you'll love it. 191 00:09:46,440 --> 00:09:51,000 Speaker 1: And so I'm a big, big fan of royalty in 192 00:09:51,040 --> 00:09:55,120 Speaker 1: the sense of restaurant royalty and being in the nation's capital. 193 00:09:56,440 --> 00:10:00,880 Speaker 1: This next guest needs no introduction. She's a Washington in icon. 194 00:10:01,480 --> 00:10:05,560 Speaker 1: She's an icon. What bench chili bowl has done for 195 00:10:05,880 --> 00:10:09,880 Speaker 1: you street, what it's historic. I mean, it's remarkable and 196 00:10:10,040 --> 00:10:13,520 Speaker 1: unites people. It's just it's it's so much more than 197 00:10:13,559 --> 00:10:17,480 Speaker 1: a chili bowl. And uh, miss Virginia Ali, I want 198 00:10:17,480 --> 00:10:20,800 Speaker 1: to thank you for the privilege of having a conversation 199 00:10:20,840 --> 00:10:24,480 Speaker 1: with you, my friend. Well, thank you, Kevin, and I'm 200 00:10:24,520 --> 00:10:27,600 Speaker 1: delighted to be on the show with you. Well, so listen, 201 00:10:27,600 --> 00:10:29,320 Speaker 1: when I heard that you got, when I heard about 202 00:10:29,320 --> 00:10:33,760 Speaker 1: the l A Lakers and uh shake Shack getting you know, 203 00:10:33,880 --> 00:10:37,120 Speaker 1: some loans, I was outraged because I kept thinking of 204 00:10:37,160 --> 00:10:39,160 Speaker 1: my uncle Mike's and I kept thinking of Bench Chili Bowl. 205 00:10:39,200 --> 00:10:41,160 Speaker 1: And I'm not lying here because and you know they've 206 00:10:41,160 --> 00:10:44,360 Speaker 1: since returned the funds, but you are Your business means 207 00:10:44,360 --> 00:10:46,240 Speaker 1: so much to our community and it means so much 208 00:10:46,240 --> 00:10:50,679 Speaker 1: to Washington. Tell me how this has impacted, uh, not 209 00:10:50,760 --> 00:10:54,319 Speaker 1: just your bottom line, but but what what this pandemic 210 00:10:54,400 --> 00:10:59,720 Speaker 1: has has done, uh to to your story? Miss Ali? Well, 211 00:11:00,040 --> 00:11:02,560 Speaker 1: you know, the social distancing has said it had a 212 00:11:02,559 --> 00:11:05,920 Speaker 1: big effect on people being able to come, the curfews 213 00:11:06,080 --> 00:11:08,840 Speaker 1: and the shortened hours that we've had to put in place, 214 00:11:09,600 --> 00:11:12,960 Speaker 1: and not to mention having to close uh a couple 215 00:11:12,960 --> 00:11:17,480 Speaker 1: of other stores. It's just been difficult. It's been very 216 00:11:17,600 --> 00:11:22,720 Speaker 1: very difficult for us. But you know, we're coping. We're coping. 217 00:11:22,920 --> 00:11:26,920 Speaker 1: We we can't accept what we cannot handle or do 218 00:11:26,960 --> 00:11:29,720 Speaker 1: anything about the situation the way it is at the moment, 219 00:11:30,440 --> 00:11:34,440 Speaker 1: So we will wait until we are back to normal again, 220 00:11:34,679 --> 00:11:38,320 Speaker 1: whatever normal looks like. And but it has had a 221 00:11:38,440 --> 00:11:42,280 Speaker 1: very deep, seriously impacted us, as it has everyone, not 222 00:11:42,360 --> 00:11:45,320 Speaker 1: just us, but everybody and and and ben Chilly Bowl 223 00:11:45,720 --> 00:11:48,680 Speaker 1: has been open for more than sixty years, and you 224 00:11:48,720 --> 00:11:51,480 Speaker 1: and your husband been founded it when you were only 225 00:11:51,520 --> 00:11:54,440 Speaker 1: in your in your mid twenties. And congratulations on all 226 00:11:54,480 --> 00:11:57,000 Speaker 1: of the success that you've had. Well, thank you so much. 227 00:11:57,000 --> 00:11:59,079 Speaker 1: I had that was twenty twenty four years old and 228 00:11:59,200 --> 00:12:05,160 Speaker 1: we opened and I was twenty second And how did you, 229 00:12:05,559 --> 00:12:07,720 Speaker 1: I guess how how has it been in terms of 230 00:12:07,760 --> 00:12:12,440 Speaker 1: getting access to financial assistance from the government during this 231 00:12:12,520 --> 00:12:18,800 Speaker 1: pandemic the you know, the federal government did prot out 232 00:12:19,600 --> 00:12:22,000 Speaker 1: various types of loans. Now you know, I am eighty 233 00:12:22,080 --> 00:12:25,400 Speaker 1: six years old, and I turned that kind of responsibility 234 00:12:25,440 --> 00:12:28,920 Speaker 1: over to my sons and and their wives, who also 235 00:12:29,360 --> 00:12:33,560 Speaker 1: assist us with the restaurant at this point. But when 236 00:12:33,600 --> 00:12:36,840 Speaker 1: we did apply I'm told about my son that we 237 00:12:36,920 --> 00:12:40,280 Speaker 1: did apply for the first round and we were unable 238 00:12:40,320 --> 00:12:44,200 Speaker 1: to get through on that particular round. We were not 239 00:12:44,320 --> 00:12:46,880 Speaker 1: able to get in because the big boys obviously did 240 00:12:46,920 --> 00:12:51,920 Speaker 1: get in. We did not. Um, but we are now 241 00:12:51,960 --> 00:12:54,560 Speaker 1: the second round has come and as of I think 242 00:12:54,720 --> 00:12:57,560 Speaker 1: yesterday or so, my son told me we have been 243 00:12:57,600 --> 00:13:01,360 Speaker 1: approved for the p p P, which is an employee 244 00:13:01,360 --> 00:13:04,760 Speaker 1: even program. I want to I want to pivot now, 245 00:13:04,960 --> 00:13:07,600 Speaker 1: just to take a broader step back, because I think 246 00:13:07,640 --> 00:13:11,840 Speaker 1: so many people right now, Miss Ali, are are feeling 247 00:13:12,120 --> 00:13:16,160 Speaker 1: a bit down, and they're feeling a bit lost, and 248 00:13:16,520 --> 00:13:19,600 Speaker 1: they miss walking you street, they missed going into Bench 249 00:13:19,679 --> 00:13:21,120 Speaker 1: chili Ball and I know it's open and you can 250 00:13:21,200 --> 00:13:23,600 Speaker 1: order online. And you guys are doing so much to 251 00:13:23,640 --> 00:13:28,520 Speaker 1: give back. But just given your history and our town 252 00:13:28,600 --> 00:13:32,360 Speaker 1: and our community, what can you tell us maybe some 253 00:13:32,480 --> 00:13:37,760 Speaker 1: inspiration about us being able to bounce back from this. Well, 254 00:13:37,840 --> 00:13:40,559 Speaker 1: you know the challenges that we faced in the last 255 00:13:40,559 --> 00:13:45,160 Speaker 1: sixty one years, starting with the Civil rights movement, we 256 00:13:45,160 --> 00:13:48,560 Speaker 1: were there through all of that, and we were there 257 00:13:49,160 --> 00:13:52,160 Speaker 1: through integration. We were there through the riots of nine. 258 00:13:52,840 --> 00:13:57,680 Speaker 1: When Dr King was assassinated, that was a devastating time. Um, 259 00:13:58,200 --> 00:14:00,439 Speaker 1: we were there and we were the only the place 260 00:14:00,520 --> 00:14:03,920 Speaker 1: actually that was allowed to remain open during three nights 261 00:14:03,960 --> 00:14:08,680 Speaker 1: of curfew and Dr King was assassinated on April four. 262 00:14:10,120 --> 00:14:13,840 Speaker 1: You know, the sadness was overwhelming to the entire community. 263 00:14:14,400 --> 00:14:16,800 Speaker 1: And I remember people coming into the Chili by all 264 00:14:16,880 --> 00:14:22,560 Speaker 1: crying about Dr King assassination. And after some hours their 265 00:14:22,840 --> 00:14:26,960 Speaker 1: sadness turned to frustration, and the frustration turned into anger, 266 00:14:27,080 --> 00:14:33,240 Speaker 1: and the uprising began. That uprising lasted three nights. We 267 00:14:33,240 --> 00:14:35,040 Speaker 1: were the only place as the set that was allowed 268 00:14:35,080 --> 00:14:38,960 Speaker 1: to remain open during that curfew period. Uh And when 269 00:14:39,000 --> 00:14:44,320 Speaker 1: that was all over, the businesses didn't reopen. Many of 270 00:14:44,360 --> 00:14:48,080 Speaker 1: them were large with art businesses that simply did not reopen, 271 00:14:48,200 --> 00:14:51,000 Speaker 1: and some of the smaller ones couldn't afford to reopen. 272 00:14:51,360 --> 00:14:54,400 Speaker 1: Everything was burned out and boarded up. The Chili bou 273 00:14:54,560 --> 00:15:00,320 Speaker 1: was still there unharmed um, but the area of again 274 00:15:00,360 --> 00:15:04,080 Speaker 1: to change at that point. The businesses did not reopen, 275 00:15:04,120 --> 00:15:07,440 Speaker 1: as I said, and the middle class began to move away. 276 00:15:07,680 --> 00:15:11,320 Speaker 1: And in a few years they Hearin moved in and 277 00:15:11,400 --> 00:15:15,200 Speaker 1: Craick cocaine. The drug epidemic took over. For that lasted 278 00:15:15,240 --> 00:15:19,680 Speaker 1: twenty years. Twenty years, Kevin, A long time when this 279 00:15:19,840 --> 00:15:23,120 Speaker 1: beautiful area that was known as Black Broadway, that was 280 00:15:23,200 --> 00:15:28,840 Speaker 1: the African American entertainment hub just there on Youth Street. 281 00:15:28,880 --> 00:15:32,560 Speaker 1: Because there were three theaters, one next door to the 282 00:15:32,640 --> 00:15:35,760 Speaker 1: Chili Bowl, one in the following block, and one still 283 00:15:35,880 --> 00:15:39,440 Speaker 1: in a block after that, so we had first rate 284 00:15:39,520 --> 00:15:42,920 Speaker 1: movies there. We couldn't go to the theaters downtown in 285 00:15:42,960 --> 00:15:47,200 Speaker 1: those early days, but we had the same pictures being 286 00:15:47,200 --> 00:15:51,600 Speaker 1: shown at one of our theaters. So all of that changed. 287 00:15:51,760 --> 00:15:55,520 Speaker 1: All of that changed. And then twenty years later, twenty 288 00:15:55,600 --> 00:15:58,600 Speaker 1: years later, the City if I had decided to build 289 00:15:58,600 --> 00:16:02,600 Speaker 1: a subway system, something that had been promised many years earlier. 290 00:16:03,400 --> 00:16:06,120 Speaker 1: But when they did the research, they found only three 291 00:16:06,200 --> 00:16:10,480 Speaker 1: businesses had survived Bench Chile Boat, of course, being one 292 00:16:10,600 --> 00:16:14,360 Speaker 1: our bank and our flower shop. And because there were 293 00:16:14,400 --> 00:16:18,240 Speaker 1: only a three, that was not enough to maintain one 294 00:16:18,320 --> 00:16:23,520 Speaker 1: lane of traffic on that big wide that was known 295 00:16:23,560 --> 00:16:26,440 Speaker 1: as Blake Broadway. Miss miss Ale, can you can you 296 00:16:26,480 --> 00:16:28,120 Speaker 1: hang on for me for a couple of minutes? Can 297 00:16:28,160 --> 00:16:29,840 Speaker 1: you hang on on the line so we can wrap 298 00:16:29,920 --> 00:16:32,440 Speaker 1: up our all right? Thank you so much. It's it's 299 00:16:32,440 --> 00:16:34,440 Speaker 1: a privilege, you know. Back in Philly we have cheese steaks. 300 00:16:34,440 --> 00:16:36,240 Speaker 1: And I have to say the first time I went 301 00:16:36,240 --> 00:16:38,960 Speaker 1: into Bench Chili Bowl all those years ago, I said, 302 00:16:39,080 --> 00:16:41,800 Speaker 1: you know what, d C. You're all right. You've got history, 303 00:16:41,840 --> 00:16:44,280 Speaker 1: you've got class, and you've got family, and it's a 304 00:16:44,320 --> 00:16:46,760 Speaker 1: privilege to have you on my program and stick around 305 00:16:46,760 --> 00:16:49,040 Speaker 1: because I have more questions for you. I'm Kevin severally more. Next, 306 00:16:49,160 --> 00:16:59,800 Speaker 1: you're listening to Bloomberg and I did on one. You're 307 00:17:00,000 --> 00:17:03,760 Speaker 1: listening to Bloomberg Sound On with Kevin Curley on Bloomberg 308 00:17:04,840 --> 00:17:08,560 Speaker 1: and one h five point seven MHD two. I'm Kevin Cirelli, 309 00:17:08,680 --> 00:17:12,879 Speaker 1: Chief Washington correspondent for Bloomberg Television in Bloomberg Radio. And 310 00:17:13,200 --> 00:17:15,600 Speaker 1: I talked about this so much, and I know people 311 00:17:15,680 --> 00:17:17,240 Speaker 1: can get sick of it. But where I grew up, 312 00:17:17,480 --> 00:17:19,840 Speaker 1: my uncle Mike he has he had had a hogy 313 00:17:19,920 --> 00:17:23,719 Speaker 1: shop and uh for more than forty years. Um, my 314 00:17:23,800 --> 00:17:27,680 Speaker 1: dad and him were and my other uncle's they were bakery. 315 00:17:27,720 --> 00:17:30,960 Speaker 1: They worked in a bakery and my uncle Mikey, he 316 00:17:32,720 --> 00:17:34,680 Speaker 1: opened to hogy shop and it's been open for forty 317 00:17:34,720 --> 00:17:38,920 Speaker 1: two years. And so it's so frustrating as a journalist 318 00:17:38,960 --> 00:17:43,159 Speaker 1: to cover businesses who don't need the assistance from the 319 00:17:43,200 --> 00:17:47,679 Speaker 1: government take advantage of it. It's been probably one of 320 00:17:47,720 --> 00:17:49,960 Speaker 1: the most sickening stories. And I've covered a handful of 321 00:17:49,960 --> 00:17:53,119 Speaker 1: really grotesque stories and my time as a journalist, but 322 00:17:53,160 --> 00:17:56,240 Speaker 1: it's just been nonsensical to cover it. Um and that's 323 00:17:56,280 --> 00:17:58,600 Speaker 1: why I it has It's beyond a treat to have 324 00:17:59,200 --> 00:18:03,919 Speaker 1: such a Washing Washington legend and Miss Virginia Ali the 325 00:18:03,960 --> 00:18:06,960 Speaker 1: co founder of Bench Chili Bowl on the line and 326 00:18:07,000 --> 00:18:10,400 Speaker 1: Bench Chili Bowl has been opened for more than sixty years. 327 00:18:10,920 --> 00:18:14,600 Speaker 1: Think about that, more than sixty years. Bench Chili Bowl 328 00:18:14,640 --> 00:18:17,560 Speaker 1: has been a staple, a staple in our community. And 329 00:18:17,560 --> 00:18:20,480 Speaker 1: I was thinking just about what my final question would 330 00:18:20,480 --> 00:18:22,800 Speaker 1: be to you, Mrs Ali, and thank you so much 331 00:18:22,800 --> 00:18:25,240 Speaker 1: for your time this evening, and I guess it will 332 00:18:25,760 --> 00:18:29,440 Speaker 1: and it would be what would you tell yourself six 333 00:18:29,560 --> 00:18:32,440 Speaker 1: more than sixty years ago, what would be the one 334 00:18:32,480 --> 00:18:35,040 Speaker 1: piece of advice that you would give yourself when you 335 00:18:35,080 --> 00:18:38,080 Speaker 1: were just starting out and you think about the journey 336 00:18:38,080 --> 00:18:42,320 Speaker 1: that you've been on. I think I just continue to 337 00:18:42,400 --> 00:18:45,600 Speaker 1: tell myself that we go in there, we do our 338 00:18:45,720 --> 00:18:49,240 Speaker 1: very best. We treat every person that comes into the 339 00:18:49,359 --> 00:18:53,720 Speaker 1: door as family, that we give more than we get, 340 00:18:54,320 --> 00:18:58,160 Speaker 1: and that we are just treat and doing we're doing 341 00:18:58,160 --> 00:19:00,440 Speaker 1: our very best. When you do the best, you king, 342 00:19:00,520 --> 00:19:05,320 Speaker 1: but everything you do it always tryst okay. And I 343 00:19:05,359 --> 00:19:07,119 Speaker 1: think when you give it your besh, I mean you 344 00:19:07,200 --> 00:19:10,040 Speaker 1: stick to it and you believe in what you're doing, 345 00:19:10,520 --> 00:19:13,480 Speaker 1: and it makes a difference to a community, and it's 346 00:19:13,520 --> 00:19:16,240 Speaker 1: hit it in the right direction. You know what I 347 00:19:16,280 --> 00:19:19,400 Speaker 1: needed that. Thank you, Mrs Virginia Ali, the co founder 348 00:19:19,440 --> 00:19:22,040 Speaker 1: of Bench Chili Bowl. And remember you can support Bench 349 00:19:22,119 --> 00:19:24,639 Speaker 1: Chili Bowl and our first responders by buying an e 350 00:19:24,760 --> 00:19:27,560 Speaker 1: gift card and sending it to heroes at Ben's Chili 351 00:19:27,600 --> 00:19:31,080 Speaker 1: bowl dot com. Every dollar Bench Chili Bowl is going 352 00:19:31,119 --> 00:19:34,359 Speaker 1: to feed those who are keeping us safe and cared for. 353 00:19:34,680 --> 00:19:37,840 Speaker 1: I'm Kevin Silli, Chief Washington correspondent for Bloomberg Television and 354 00:19:37,880 --> 00:19:40,679 Speaker 1: for Bloomberg Radio, and I want to reset now and 355 00:19:40,760 --> 00:19:43,800 Speaker 1: bring in Maddie Douppler. She is founder of Forward Strategies. 356 00:19:44,000 --> 00:19:47,320 Speaker 1: She is a senior Fellow at the National Taxpayers Union 357 00:19:47,400 --> 00:19:51,480 Speaker 1: and the former Coalitions director for the House Republican Conference, 358 00:19:51,480 --> 00:19:54,320 Speaker 1: as well as Kevin Wahling, a Democratic strategist at h 359 00:19:54,400 --> 00:19:57,680 Speaker 1: G Creative Media. Mattie, I was damning with you earlier 360 00:19:57,720 --> 00:20:00,240 Speaker 1: today just and watching all of the analysis is that 361 00:20:00,320 --> 00:20:03,359 Speaker 1: you were giving with regards to FED share J Powell 362 00:20:03,720 --> 00:20:07,200 Speaker 1: and they were zooming around. How is what the FED 363 00:20:07,280 --> 00:20:10,919 Speaker 1: doing gonna help companies or can but the central bankers 364 00:20:10,920 --> 00:20:13,760 Speaker 1: and policymakers did today, Did they do anything that's gonna 365 00:20:13,800 --> 00:20:16,480 Speaker 1: help folks like like Mrs Virginia Ali at Bench Chili 366 00:20:16,520 --> 00:20:20,160 Speaker 1: Bowl and other small businesses around this country. Well, hey, keV, 367 00:20:20,560 --> 00:20:22,400 Speaker 1: for one, I want to say thank you for doing 368 00:20:22,400 --> 00:20:25,880 Speaker 1: that interview. I have boot bombs listening to miss Eli. 369 00:20:26,040 --> 00:20:28,760 Speaker 1: That was just so fantastic to hear from a local 370 00:20:28,840 --> 00:20:32,399 Speaker 1: DC institution. Um, thank you for taking the time to 371 00:20:33,119 --> 00:20:35,359 Speaker 1: really highlight a real person story and all of this, 372 00:20:35,440 --> 00:20:38,520 Speaker 1: and thank you for what you're doing for person sponders. 373 00:20:38,560 --> 00:20:41,440 Speaker 1: That's incredible. I want to half smoke. I want to 374 00:20:41,520 --> 00:20:44,439 Speaker 1: maple shake and a half smoke, go ahead, and I 375 00:20:44,440 --> 00:20:45,760 Speaker 1: want to buy a good part as soon as I've 376 00:20:45,800 --> 00:20:48,000 Speaker 1: got this interview. But let's talk about that sad, because 377 00:20:48,000 --> 00:20:53,680 Speaker 1: that's important too. Today we have we'll relate it back 378 00:20:53,720 --> 00:20:55,480 Speaker 1: to the people who really matter, that people are keeping 379 00:20:55,480 --> 00:20:58,320 Speaker 1: our communities afloat. But yeah, so the FED today hold 380 00:20:58,320 --> 00:21:02,280 Speaker 1: the street planned meeting UM, which was probably you know, 381 00:21:02,840 --> 00:21:05,439 Speaker 1: something that most folks just didn't. They didn't get them 382 00:21:05,440 --> 00:21:07,920 Speaker 1: out of pomp and circumstances kind of media's normally get 383 00:21:07,960 --> 00:21:12,760 Speaker 1: Because the FED has already acted unilaterally in such extraordinary ways, 384 00:21:12,800 --> 00:21:14,840 Speaker 1: no one really expected there to be much news here. 385 00:21:14,920 --> 00:21:17,000 Speaker 1: Typically we'd be waiting to hear to see if the 386 00:21:17,040 --> 00:21:19,160 Speaker 1: Fed was going to change rates. They of course left, 387 00:21:19,480 --> 00:21:22,840 Speaker 1: uh their the rates unchanged, given that we're at basically 388 00:21:22,920 --> 00:21:26,879 Speaker 1: zero for the federal benchmark rate UM. And what we 389 00:21:26,960 --> 00:21:29,760 Speaker 1: really wanted to hear from uh FED Sherman J. Powell 390 00:21:29,800 --> 00:21:32,639 Speaker 1: today was what does he see moving forward for the 391 00:21:32,680 --> 00:21:35,399 Speaker 1: next several months, maybe for the next several years. Is 392 00:21:35,440 --> 00:21:37,560 Speaker 1: the Fed's posture going to change it all? Given that 393 00:21:37,600 --> 00:21:40,920 Speaker 1: they've taken extraordinary measures now and especially what the Cherman 394 00:21:41,000 --> 00:21:44,399 Speaker 1: said was, we are prepared to combat the downturn in 395 00:21:44,440 --> 00:21:47,240 Speaker 1: the economy with all the tools that we have. They've 396 00:21:47,240 --> 00:21:50,840 Speaker 1: already injected a major amount of liquidity into markets, and 397 00:21:50,840 --> 00:21:53,199 Speaker 1: he talked a lot about how credit is so super 398 00:21:53,240 --> 00:21:56,399 Speaker 1: important because you've got businesses like Sends Chili Bowl that 399 00:21:56,440 --> 00:21:58,400 Speaker 1: are trying to keep their businesses afloat and they need 400 00:21:58,400 --> 00:22:01,879 Speaker 1: to access capital to do that. Uh. And he essentially, 401 00:22:01,920 --> 00:22:04,879 Speaker 1: I think gave both the markets but other observers a 402 00:22:04,920 --> 00:22:07,080 Speaker 1: lot of confidence that the side isn't going to stop 403 00:22:07,400 --> 00:22:10,200 Speaker 1: doing what they isn't going to stop the measures they've 404 00:22:10,200 --> 00:22:13,480 Speaker 1: announced anytime. SOW. But see this is what And Kevin Wahling, 405 00:22:13,520 --> 00:22:16,119 Speaker 1: I want to bring you in here because this is 406 00:22:16,119 --> 00:22:19,399 Speaker 1: what I think is just really frustrating a lot of 407 00:22:19,440 --> 00:22:22,760 Speaker 1: people on both sides of the aisle. Policymakers can inject 408 00:22:22,800 --> 00:22:25,160 Speaker 1: all of the liquidity that they want into the markets, 409 00:22:25,160 --> 00:22:28,080 Speaker 1: but if there isn't a system in place to make 410 00:22:28,119 --> 00:22:30,800 Speaker 1: sure that it's actually that there's no for lack of 411 00:22:30,800 --> 00:22:32,800 Speaker 1: a better of analogy, that there's no holes in the 412 00:22:32,800 --> 00:22:35,920 Speaker 1: hose in terms of what they're actually doing. I mean, 413 00:22:35,920 --> 00:22:39,160 Speaker 1: then you get a flood and you get and it's 414 00:22:39,200 --> 00:22:42,959 Speaker 1: not equal. And so I guess, Kevin, what do you 415 00:22:43,040 --> 00:22:47,720 Speaker 1: think Speaker Pelosi and Leader McConnell and the President politics aside, 416 00:22:48,080 --> 00:22:50,280 Speaker 1: what do they have to do to make sure that 417 00:22:50,560 --> 00:22:54,000 Speaker 1: all of the tools that that policymakers are using are 418 00:22:54,040 --> 00:23:00,000 Speaker 1: actually being used appropriately and equally. Yeah, that's a great question, Kevin, 419 00:23:00,119 --> 00:23:02,120 Speaker 1: And and to Mattie's point, it's a very similar one 420 00:23:02,119 --> 00:23:04,600 Speaker 1: that we saw at the Chairman pall today with the 421 00:23:04,720 --> 00:23:07,000 Speaker 1: said is they need to inject the same level of 422 00:23:07,000 --> 00:23:10,159 Speaker 1: confidence that the said to today into our political system. 423 00:23:10,560 --> 00:23:13,200 Speaker 1: I think you saw in the Speaker plos these press 424 00:23:13,200 --> 00:23:17,040 Speaker 1: conference today, she stood alongside the Majority with Jim Clyburne 425 00:23:17,320 --> 00:23:20,000 Speaker 1: to announce this committee, the special Committee being formed to 426 00:23:20,080 --> 00:23:22,880 Speaker 1: provide oversight on all of the massive amounts of money 427 00:23:22,920 --> 00:23:25,280 Speaker 1: that are going out there. Because I hear stories like 428 00:23:25,800 --> 00:23:28,760 Speaker 1: your keV, your your family story of the hokey shop 429 00:23:28,800 --> 00:23:31,920 Speaker 1: back in Delco, the frustrations that they're having. We're seeing 430 00:23:31,920 --> 00:23:35,840 Speaker 1: news reports across the board where these mom and pop organizations, 431 00:23:35,880 --> 00:23:40,000 Speaker 1: these companies, these small businesses can't access this capital. I'm 432 00:23:40,040 --> 00:23:42,120 Speaker 1: on the phone all the time with my parents who 433 00:23:42,119 --> 00:23:45,120 Speaker 1: are constantly refreshing the I r S website to check 434 00:23:45,160 --> 00:23:48,680 Speaker 1: on their own personal stimulus check that hasn't arrived yet. 435 00:23:49,080 --> 00:23:51,199 Speaker 1: So I think that the key thing that one of 436 00:23:51,200 --> 00:23:52,920 Speaker 1: the key takeaways from me, and not just as a 437 00:23:52,960 --> 00:23:57,040 Speaker 1: Democrat strategist, is the fact that government actually matters, and 438 00:23:57,119 --> 00:24:00,560 Speaker 1: maybe we're seeing that return to some semblance. You know, 439 00:24:00,640 --> 00:24:03,720 Speaker 1: both sides of tack government. You know, everyone loves to 440 00:24:03,800 --> 00:24:07,040 Speaker 1: run against Congress, everyone loves to run against Washington, but 441 00:24:07,160 --> 00:24:10,600 Speaker 1: Washington matters, and oversight matters. And I think what you 442 00:24:10,600 --> 00:24:13,400 Speaker 1: saw on the speaker today was a realization that there 443 00:24:13,480 --> 00:24:15,480 Speaker 1: is a lot of frustrations out there in the country, 444 00:24:15,600 --> 00:24:18,119 Speaker 1: especially with how these programs have been managed over the 445 00:24:18,160 --> 00:24:20,680 Speaker 1: last six weeks and there needs to be some accountability 446 00:24:20,880 --> 00:24:23,480 Speaker 1: that Cher J. Powell saying in a video conference, quote 447 00:24:23,520 --> 00:24:27,480 Speaker 1: economic activity will likely drop at an unprecedented rate in 448 00:24:27,520 --> 00:24:30,760 Speaker 1: the second quarter end. Quote. He went on to say, quote, 449 00:24:31,000 --> 00:24:33,560 Speaker 1: it may well be the case that the economy will 450 00:24:33,560 --> 00:24:37,040 Speaker 1: need more support from all of us if the recovery 451 00:24:37,200 --> 00:24:39,920 Speaker 1: is to be of robust one. Maddie Doubler, what more 452 00:24:39,920 --> 00:24:42,680 Speaker 1: can they do? I mean, you hear that the chilling, 453 00:24:43,240 --> 00:24:46,359 Speaker 1: chilling prognosis for the second quarter. I mean, but you 454 00:24:46,359 --> 00:24:48,520 Speaker 1: don't even need to hear we need to hear from 455 00:24:48,800 --> 00:24:51,160 Speaker 1: cher J. Pale. I'm not disrespecting him, but you don't 456 00:24:51,160 --> 00:24:52,879 Speaker 1: have to have an m b A. You don't have 457 00:24:52,960 --> 00:24:56,960 Speaker 1: to have, you know, an economics degree to to see 458 00:24:57,000 --> 00:25:00,000 Speaker 1: the lines and to see that, you know, to see 459 00:25:00,000 --> 00:25:03,280 Speaker 1: the unemployment lines or to see the numbers coming from unemployment, 460 00:25:03,320 --> 00:25:05,320 Speaker 1: to know that this is a crisis that we have 461 00:25:05,480 --> 00:25:10,520 Speaker 1: not seen in my lifetime or since the Great Depression. Yeah, 462 00:25:10,560 --> 00:25:13,320 Speaker 1: and you know that is I think what the remarkable 463 00:25:14,080 --> 00:25:19,919 Speaker 1: component of the Federal Reserve pressor today, which was the 464 00:25:20,040 --> 00:25:23,879 Speaker 1: chairman's emphasis on how monetary policy, which is that the 465 00:25:23,880 --> 00:25:27,480 Speaker 1: Federal Reserve control to some extent UM is important, but 466 00:25:27,560 --> 00:25:30,480 Speaker 1: fiscal policy is equally as important. I mean, he really 467 00:25:30,600 --> 00:25:36,680 Speaker 1: leaned on Congress to do what Kevin is describing UM. 468 00:25:36,760 --> 00:25:39,119 Speaker 1: The fact that he was talking about there needs to 469 00:25:39,160 --> 00:25:43,120 Speaker 1: be more availability and more structure so that people can 470 00:25:43,160 --> 00:25:46,119 Speaker 1: access the kind of liquidity at the Federal Reserve is 471 00:25:46,160 --> 00:25:49,120 Speaker 1: trying to achieve UM, and that I think was very 472 00:25:49,160 --> 00:25:52,440 Speaker 1: remarkable because you typically don't have a Federal Reserve chairman 473 00:25:52,840 --> 00:25:56,119 Speaker 1: weighing in on what Congress should be doing, but also 474 00:25:56,560 --> 00:26:00,480 Speaker 1: highlighting how this is a noble's barred a pro to 475 00:26:00,840 --> 00:26:03,760 Speaker 1: economic policy. The fact that the Federal Reserve is acknowledging 476 00:26:03,760 --> 00:26:07,080 Speaker 1: how important, what what, how important it is, but also 477 00:26:07,119 --> 00:26:10,199 Speaker 1: acknowledging the limits of its own tools and saying politicians 478 00:26:10,240 --> 00:26:12,040 Speaker 1: need to step up and do their job as well. 479 00:26:12,240 --> 00:26:16,080 Speaker 1: I really find that point of view from the chairman 480 00:26:16,160 --> 00:26:18,800 Speaker 1: to be remarkable, and I'm very interested to see how 481 00:26:18,840 --> 00:26:20,640 Speaker 1: it plays out over the next several months. I think 482 00:26:20,720 --> 00:26:24,000 Speaker 1: for the chairman, it's obvious that the Federal Reserve is 483 00:26:24,040 --> 00:26:26,360 Speaker 1: going to continue to try and create as much capital 484 00:26:26,400 --> 00:26:30,359 Speaker 1: and cash access as possible UM. But once we have 485 00:26:30,440 --> 00:26:33,560 Speaker 1: to start making decisions about reopening economy, and once the 486 00:26:33,600 --> 00:26:36,800 Speaker 1: economy god Willing does recover when the Federal Reserve has 487 00:26:36,800 --> 00:26:38,399 Speaker 1: a poll of brakes a little bit on some of 488 00:26:38,400 --> 00:26:40,640 Speaker 1: this stuff. It'll be very interesting to see how he's 489 00:26:40,720 --> 00:26:42,960 Speaker 1: used that relationship. Then, all right, coming up much more 490 00:26:43,000 --> 00:26:45,760 Speaker 1: with the panel, Kevin Walling, Democratic strategist over at HD 491 00:26:46,240 --> 00:26:49,240 Speaker 1: Created Media, and of course Maddie Douppler, who is a 492 00:26:49,240 --> 00:26:52,680 Speaker 1: Republican insider and the wonkiest of the Walks, who helps 493 00:26:52,720 --> 00:26:55,560 Speaker 1: me nerd out every time she appears on the program. 494 00:26:55,560 --> 00:26:58,400 Speaker 1: Download the Bomber sam On podcast on Appalachians at Bloomberg 495 00:26:58,480 --> 00:27:00,840 Speaker 1: dot com or by downloading the Bomberg Business app. You 496 00:27:00,840 --> 00:27:03,240 Speaker 1: can also find me on radio dot com, I Heart 497 00:27:03,359 --> 00:27:06,919 Speaker 1: Radio and Spotify. My name is Kevin Cereli, and I'm 498 00:27:06,920 --> 00:27:09,159 Speaker 1: the chief Washington correspondent for Bloomberg TV and Radio. And 499 00:27:09,200 --> 00:27:24,200 Speaker 1: you're listening to Bloomberg One. You're listening to Bloomberg Sound 500 00:27:24,280 --> 00:27:28,280 Speaker 1: On with Kevin Sirel on Bloomberg and one oh five 501 00:27:28,320 --> 00:27:32,400 Speaker 1: point seven F M H D two M. Kevin Cereli, 502 00:27:32,560 --> 00:27:36,440 Speaker 1: Chief Washington correspondent from Bloomberg Television in Bloomberg Radio. I 503 00:27:36,480 --> 00:27:38,800 Speaker 1: gotta give a plug to my friend server DC Scores, 504 00:27:39,240 --> 00:27:42,600 Speaker 1: uh DC scores does all of the free after school 505 00:27:42,600 --> 00:27:46,440 Speaker 1: programming for youth soccer and youth literacy in Washington, d C. 506 00:27:46,600 --> 00:27:49,040 Speaker 1: And they have a big live streaming event tomorrow night, 507 00:27:49,119 --> 00:27:52,200 Speaker 1: Thursday night, at seven pm Eastern. I cannot wait. These 508 00:27:52,280 --> 00:27:56,800 Speaker 1: kids are so talented. They are so incredibly talented. So 509 00:27:57,000 --> 00:28:00,239 Speaker 1: pop yourself some popcorn, sit on the couch, and you know, 510 00:28:00,359 --> 00:28:03,280 Speaker 1: turn off Tiger King and turn on some of Washington 511 00:28:03,359 --> 00:28:08,360 Speaker 1: DC's most incredibly talented youth soccer players and youth poets. 512 00:28:08,400 --> 00:28:10,480 Speaker 1: They are I'm telling you, if you're looking for a 513 00:28:10,560 --> 00:28:13,000 Speaker 1: dose of perspective, you will get it when you listen 514 00:28:13,080 --> 00:28:15,840 Speaker 1: to these kids. So tomorrow night at seven, just go 515 00:28:16,000 --> 00:28:19,240 Speaker 1: on DC scores. Look at their social media. They're very 516 00:28:19,240 --> 00:28:22,400 Speaker 1: easy to find. And speaking of what everyone's streaming, did 517 00:28:22,400 --> 00:28:24,960 Speaker 1: you see this? I saw this on the Bloomberg terminal today. 518 00:28:25,000 --> 00:28:28,320 Speaker 1: This is my must click on the Bloomberg terminal. Uh 519 00:28:28,440 --> 00:28:32,680 Speaker 1: that the MJ documentary on ESPN, which I am obsessed with. 520 00:28:33,080 --> 00:28:36,040 Speaker 1: I'm behind, so don't ruin it. I'm two episodes behind 521 00:28:36,280 --> 00:28:41,520 Speaker 1: has surpassed Tiger King as the most streamed a thing, 522 00:28:41,840 --> 00:28:45,960 Speaker 1: most stream show, most streamed show ever. My guests with me, 523 00:28:45,960 --> 00:28:49,520 Speaker 1: who I believe have watched both maybe Mattie Duppler and 524 00:28:49,560 --> 00:28:52,120 Speaker 1: of course Kevin Walling. Have you guys watched the MJ 525 00:28:52,240 --> 00:29:02,600 Speaker 1: doc on ESPN? Yah? Yah? Really? What? Wait? You haven't? Wow? Okay, 526 00:29:02,600 --> 00:29:04,560 Speaker 1: so I'm the only one and the only one who's 527 00:29:04,560 --> 00:29:06,680 Speaker 1: watched this. Why why haven't you watched it? You know? 528 00:29:07,680 --> 00:29:11,240 Speaker 1: What I've seen about the MJ documentary that just tickled 529 00:29:11,240 --> 00:29:17,280 Speaker 1: me is the fact that they like Chiron President Obama. 530 00:29:18,080 --> 00:29:21,640 Speaker 1: I burst out laughing. I thought that was hysterical, but 531 00:29:21,720 --> 00:29:24,400 Speaker 1: it is. It is really remarkable. Gosh, it takes me 532 00:29:24,400 --> 00:29:26,640 Speaker 1: back to my childhood when I see all the clips 533 00:29:26,640 --> 00:29:28,200 Speaker 1: and hey, you know, I'm an Alan Irison fandom. We 534 00:29:28,240 --> 00:29:30,400 Speaker 1: don't like the Lakers on this show, especially given the 535 00:29:30,440 --> 00:29:33,960 Speaker 1: latest developments trust the process, but it is really funny 536 00:29:34,000 --> 00:29:37,320 Speaker 1: to see former President Barack Obama appear in this and 537 00:29:37,400 --> 00:29:40,240 Speaker 1: just the importance of what Michael Jordan's did for the 538 00:29:40,240 --> 00:29:42,480 Speaker 1: city of Chicago. Speaking of the Obamas, did you guys 539 00:29:42,480 --> 00:29:45,880 Speaker 1: get the robot call from Michelle Michelle former First Lady 540 00:29:45,920 --> 00:29:51,400 Speaker 1: Michelle Obama? I got it today. It's a partnership, I 541 00:29:51,400 --> 00:29:54,400 Speaker 1: think with Mayor Bowser to get the latest updates out 542 00:29:54,440 --> 00:29:57,440 Speaker 1: about the pandemic for DC residents. But I loved it. 543 00:29:57,480 --> 00:30:00,200 Speaker 1: I listened to it a few times, so we got 544 00:30:00,400 --> 00:30:03,000 Speaker 1: twenty and Kevin walling I want you to give us 545 00:30:03,000 --> 00:30:06,400 Speaker 1: an update because this Biden accuser has There's a head 546 00:30:06,440 --> 00:30:08,920 Speaker 1: there's a story on the Bloomberg Terminal by Jeffrey Taylor 547 00:30:08,960 --> 00:30:12,320 Speaker 1: and Mr Lenna a Golfer Polulu which is headlined Biden 548 00:30:12,360 --> 00:30:17,760 Speaker 1: accuser leaves Democrats struggling to reconcile hashtag me too. Biden 549 00:30:17,800 --> 00:30:21,360 Speaker 1: has denied the ninety nineties allegations that he sexually assaulted 550 00:30:21,400 --> 00:30:24,160 Speaker 1: an AID, and Democrats say terror read that's the woman 551 00:30:24,200 --> 00:30:26,720 Speaker 1: who has come forward with this should be heard, but 552 00:30:26,800 --> 00:30:29,080 Speaker 1: they are still backing Joe Biden. I'm reading from the 553 00:30:29,120 --> 00:30:32,600 Speaker 1: Bloomberg terminal. A former aids allegations that Joe Biden sexually 554 00:30:32,600 --> 00:30:36,080 Speaker 1: assaulted her nearly thirty years ago. Has put Democrats into 555 00:30:36,280 --> 00:30:40,640 Speaker 1: a quandary as they try to square their support for 556 00:30:40,680 --> 00:30:42,960 Speaker 1: the me too movement with their backing of a nominee 557 00:30:43,000 --> 00:30:47,200 Speaker 1: who now stands accused himself. Kevin walling Way in Yeah, 558 00:30:47,240 --> 00:30:49,880 Speaker 1: and it's important though, you know. I I support the 559 00:30:49,960 --> 00:30:52,160 Speaker 1: former Vice president. I have been a big booster of 560 00:30:52,240 --> 00:30:54,440 Speaker 1: his ever since he gotten the race but this is 561 00:30:54,440 --> 00:30:57,120 Speaker 1: obviously a very challenging thing for this campaign. I think 562 00:30:57,120 --> 00:30:59,920 Speaker 1: we need some clarity from directly from the vice president 563 00:31:00,200 --> 00:31:01,640 Speaker 1: on this. I'll be the first one to be out 564 00:31:01,680 --> 00:31:03,959 Speaker 1: there saying I think we need to hear directly from 565 00:31:04,000 --> 00:31:06,520 Speaker 1: the vice president, not just the campaign. The campaign, of course, 566 00:31:06,600 --> 00:31:10,480 Speaker 1: is forcefully deny these accusations. Uh, And it's important, I 567 00:31:10,480 --> 00:31:13,360 Speaker 1: think again to hear from the vice president. I think 568 00:31:13,400 --> 00:31:17,400 Speaker 1: there's some serious questions in my mind in terms of, uh, 569 00:31:17,440 --> 00:31:20,160 Speaker 1: you know, why these accusations are now coming forward. There's 570 00:31:20,200 --> 00:31:23,280 Speaker 1: no record of these allegations in the past, either in 571 00:31:23,320 --> 00:31:27,400 Speaker 1: the nineties when they supposedly happened, or or since then. 572 00:31:27,880 --> 00:31:30,640 Speaker 1: So I think there's some credibility issues with with terror read. 573 00:31:30,640 --> 00:31:33,200 Speaker 1: I think every woman should be heard from. Uh. And 574 00:31:33,240 --> 00:31:35,800 Speaker 1: it's just a question of you know, let's have an investigation, 575 00:31:35,840 --> 00:31:38,320 Speaker 1: let's let this play out again. But we also need 576 00:31:38,360 --> 00:31:40,520 Speaker 1: to hear from the vice president. I think on this matter, well, 577 00:31:40,560 --> 00:31:43,479 Speaker 1: the president of President Trump is no doubt gonna be 578 00:31:43,560 --> 00:31:46,280 Speaker 1: raising this in debates and whatnot, So you know, it 579 00:31:46,400 --> 00:31:48,680 Speaker 1: is do you think that Kevin Welling final question on 580 00:31:48,720 --> 00:31:51,480 Speaker 1: this to you, do you think that do you think 581 00:31:51,480 --> 00:31:53,520 Speaker 1: that we are going to hear from Joe Biden on 582 00:31:53,560 --> 00:31:56,840 Speaker 1: this in a very in a forceful way. I do. 583 00:31:57,040 --> 00:31:58,840 Speaker 1: I do think so, because I think he is hearing 584 00:31:58,840 --> 00:32:01,160 Speaker 1: from a number of his sort, gets a number of 585 00:32:01,560 --> 00:32:04,719 Speaker 1: folks backing him. The thing. We need to hear directly 586 00:32:04,800 --> 00:32:07,920 Speaker 1: from him on this, and it can't just be brushed aside. 587 00:32:07,960 --> 00:32:10,320 Speaker 1: All women need need to be heard. But let's have 588 00:32:10,360 --> 00:32:12,800 Speaker 1: an investigation. You know. I'll note that she filed the 589 00:32:12,840 --> 00:32:16,240 Speaker 1: police report but failed to name Joe Biden as a 590 00:32:16,320 --> 00:32:19,840 Speaker 1: supposed individual that that assaulted her. So there's been a 591 00:32:19,880 --> 00:32:24,400 Speaker 1: lot of questions as to the authenticity the viability of 592 00:32:24,440 --> 00:32:28,040 Speaker 1: these claims. Let's hear from her directly. Uh, And let's 593 00:32:28,080 --> 00:32:29,880 Speaker 1: hear from the Vice president directly. You know, There's so 594 00:32:30,000 --> 00:32:32,720 Speaker 1: much we could talk about in terms of twenty in 595 00:32:32,800 --> 00:32:35,880 Speaker 1: terms of COVID nineteen, Mattie. We talked earlier about the 596 00:32:35,920 --> 00:32:37,920 Speaker 1: Federal Reserve. But to bring it back to the to 597 00:32:38,040 --> 00:32:42,560 Speaker 1: the recovery, the Trump administration is calling it Operation Warps 598 00:32:42,640 --> 00:32:46,120 Speaker 1: Speed and the Program. According to Jennifer Jacobs Bloomberg reporting 599 00:32:46,320 --> 00:32:48,520 Speaker 1: on the Terminal, the program is going to pull together 600 00:32:48,600 --> 00:32:53,200 Speaker 1: private pharmaceutical companies, government agencies, and the military to cut 601 00:32:53,200 --> 00:32:55,480 Speaker 1: the development time for a vaccine by as much as 602 00:32:55,640 --> 00:33:00,480 Speaker 1: eight months eight months and and so you know you 603 00:33:00,920 --> 00:33:03,160 Speaker 1: hear all of these reports, you know, on on this 604 00:33:03,200 --> 00:33:05,560 Speaker 1: program we heard from Dr Cadolic, who is sitting with 605 00:33:05,600 --> 00:33:08,880 Speaker 1: the Vice president every day. UH and and and is 606 00:33:09,280 --> 00:33:12,800 Speaker 1: uh an insider? Uh in turn, how I hate that word. 607 00:33:13,080 --> 00:33:16,040 Speaker 1: He is on the inside of all of the information 608 00:33:17,000 --> 00:33:19,760 Speaker 1: of of what's going on, and we've heard from him 609 00:33:19,840 --> 00:33:26,320 Speaker 1: last week. Do you think that the vaccine timing is 610 00:33:26,920 --> 00:33:32,000 Speaker 1: without question going to be the panacea for lack of 611 00:33:32,000 --> 00:33:35,640 Speaker 1: a better word, for the economic recovery? Is that really 612 00:33:35,840 --> 00:33:38,680 Speaker 1: not just what markets are are are craving, but also 613 00:33:38,720 --> 00:33:42,240 Speaker 1: what main street is craving. Is this is this update 614 00:33:42,400 --> 00:33:46,200 Speaker 1: of on the vaccine um. I think to some extent 615 00:33:46,320 --> 00:33:48,960 Speaker 1: that's true, Kevin. We have to remember that this is 616 00:33:48,960 --> 00:33:52,800 Speaker 1: a public health crisis that has severe economic consequences. But 617 00:33:52,880 --> 00:33:55,560 Speaker 1: first and foremost, the public health threat is what has 618 00:33:55,600 --> 00:33:59,360 Speaker 1: created the economic conditions we're experiencing. So to the extent 619 00:33:59,440 --> 00:34:01,480 Speaker 1: that we have good news on the public health front 620 00:34:01,560 --> 00:34:03,959 Speaker 1: at all, that will continue to get I think a 621 00:34:03,960 --> 00:34:07,160 Speaker 1: positive market reaction. But at the same time, you know, 622 00:34:07,560 --> 00:34:10,920 Speaker 1: it matters what happens on the ground. It matters when 623 00:34:11,400 --> 00:34:14,880 Speaker 1: we get into the fall if there is an infection bump, 624 00:34:14,920 --> 00:34:18,000 Speaker 1: and those sorts of things will as we get closer 625 00:34:18,040 --> 00:34:20,560 Speaker 1: to the election, will certainly matter in the market, but 626 00:34:20,600 --> 00:34:22,759 Speaker 1: they'll matter even March to voters because the question that 627 00:34:22,840 --> 00:34:26,120 Speaker 1: voters will be asking, who is going to keep me safe? 628 00:34:26,239 --> 00:34:28,680 Speaker 1: I hope that one of the legacies of this entire 629 00:34:28,680 --> 00:34:32,359 Speaker 1: experience is that, you know, things that we're changing, maybe 630 00:34:32,400 --> 00:34:34,720 Speaker 1: they could always be like this. Maybe it could always 631 00:34:34,760 --> 00:34:36,960 Speaker 1: be the case that the FDA can improve a vaccine 632 00:34:37,080 --> 00:34:40,080 Speaker 1: in ten months instead of eighteen, you know, maybe it 633 00:34:40,120 --> 00:34:42,800 Speaker 1: could always be the case that doctors can travel across 634 00:34:42,800 --> 00:34:45,840 Speaker 1: state borders in order to offer need where there is 635 00:34:45,880 --> 00:34:47,960 Speaker 1: some you know, there are some things I think we've 636 00:34:47,960 --> 00:34:51,040 Speaker 1: been able to speculate on and scrutinize a little bit 637 00:34:51,080 --> 00:34:54,120 Speaker 1: better in these conditions that maybe you should teach us 638 00:34:54,120 --> 00:34:56,279 Speaker 1: a public policy lesson in the long run, and that too, 639 00:34:56,280 --> 00:34:59,360 Speaker 1: I think would be helpful. Yeah, And to to manage 640 00:34:59,360 --> 00:35:01,359 Speaker 1: point if I could pin cast, you know, I totally 641 00:35:01,400 --> 00:35:05,080 Speaker 1: agree that the vaccination front will be or or some 642 00:35:05,200 --> 00:35:07,880 Speaker 1: kind of cure will be indicative of when we can 643 00:35:07,920 --> 00:35:11,640 Speaker 1: actually reopen this economy, and and totally driving the politics 644 00:35:11,640 --> 00:35:14,560 Speaker 1: of this, not just the economic ramifications. But I do 645 00:35:14,640 --> 00:35:18,319 Speaker 1: think there is some uh maybe maybe middle stage with 646 00:35:18,640 --> 00:35:21,520 Speaker 1: far reaching testing that we still are not seeing, uh 647 00:35:21,560 --> 00:35:24,080 Speaker 1: in terms of this federal response. I think if if 648 00:35:24,239 --> 00:35:26,920 Speaker 1: as a precursor to the vaccine, if we're to the 649 00:35:27,080 --> 00:35:30,080 Speaker 1: level that scientists and health professionals want us to be 650 00:35:30,200 --> 00:35:32,879 Speaker 1: with regards to testing, then I think you're gonna see 651 00:35:32,960 --> 00:35:35,600 Speaker 1: much more confidence both in our political system, as Maddie said, 652 00:35:35,719 --> 00:35:38,360 Speaker 1: but then also to in our economic and the economic 653 00:35:38,400 --> 00:35:41,359 Speaker 1: frame to move towards reopening this economy. It's a two 654 00:35:41,360 --> 00:35:45,480 Speaker 1: step process, I think. Alright, My thanks to Kevin Walling, 655 00:35:45,560 --> 00:35:49,719 Speaker 1: Democratic strategists over h G Creative Media, as well as 656 00:35:50,040 --> 00:35:54,200 Speaker 1: to Mattie Doubler, who is a Republican insider. Uh. And 657 00:35:54,360 --> 00:35:56,399 Speaker 1: I always I never want to miss I never want 658 00:35:56,400 --> 00:35:58,879 Speaker 1: to mess up for title, Maddie, So but tell us 659 00:35:58,920 --> 00:36:02,239 Speaker 1: tell us your title. I'm the founder and president of 660 00:36:02,239 --> 00:36:04,479 Speaker 1: Forward Strategy and the senior fellow at the National Attack 661 00:36:04,560 --> 00:36:08,959 Speaker 1: Players Union. There it is there, you know. That's that's 662 00:36:08,960 --> 00:36:11,280 Speaker 1: what it is. It's right there, because you know I 663 00:36:11,120 --> 00:36:13,880 Speaker 1: I never one of the biggest fears of being your 664 00:36:13,880 --> 00:36:16,240 Speaker 1: host is that you butcher someone's name or you butcher 665 00:36:16,280 --> 00:36:18,799 Speaker 1: someone's title, and I just Maddie and I go way back, 666 00:36:18,800 --> 00:36:20,840 Speaker 1: and I just and Kevin same thing. I'm like, I 667 00:36:21,239 --> 00:36:25,120 Speaker 1: know you both. I'm like, what, We'll both still come back. 668 00:36:25,160 --> 00:36:27,040 Speaker 1: We'll both still come back on the show. You know that. 669 00:36:27,280 --> 00:36:31,839 Speaker 1: All right, we'll listen to but only next time. You know, 670 00:36:32,480 --> 00:36:35,000 Speaker 1: I want I want to have smokes so bad. My 671 00:36:35,120 --> 00:36:37,160 Speaker 1: thanks to you both, thanks for listening. Thanks of course 672 00:36:37,160 --> 00:36:40,239 Speaker 1: to this Virginia Ali and the Congressman Trey Holen's worth. 673 00:36:40,239 --> 00:36:42,840 Speaker 1: I'm Kevin Sirley chief watching the Correspondence, the Bloomberg and 674 00:36:42,920 --> 00:36:46,680 Speaker 1: TV and radio. Stay good, Stay focused on Bloomberg.