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Speaker 1: Live from Our Nation's how do we reopen this economy?

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Speaker 1: The latest on how this pandemic is impacting farmers. What

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Speaker 1: does this do for the United States relationship with China?

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Speaker 1: Bloomberg Sound On, the Insiders, the influencers, the insides. We're

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Speaker 1: responding to this crisis and manufacturers are stepping up like

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Speaker 1: never before. You're looking at seveny Kennedys for different vaccines.

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Speaker 1: How do we make sure a pandemic of this scale

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Speaker 1: never happens again? This is Bloomberg Sound On with Kevin's

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Speaker 1: Relate on Bloomberg and one oh five point seven f

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Speaker 1: m h D two Breaking News, Another conversation with Governor

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Speaker 1: Larry Hogan plus President Trump having his daily Coronavirus Task

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Speaker 1: Force briefing. We are monitoring that all the latest on

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Speaker 1: US China run bond Gene checks in partner at Rock

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Speaker 1: Solutions to talk, and Eric Boston delivers the latest on

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Speaker 1: the stimulus. He's Bloomberg's congressional reporter. In his new book,

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Speaker 1: Still Standing, Republican Governor of Maryland Larry Hogan writes that

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Speaker 1: members of President Trump's cabinet urged him to consider challenging

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Speaker 1: President Trump in the Republican primary he writes, quote, the

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Speaker 1: media was also enamored by the idea of a popular

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Speaker 1: Republican governor, a real Republican with a proven record of

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Speaker 1: electoral success going toe to toe with Donald Trump inside

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Speaker 1: the GOP. But cabinet secretaries encouraging me to consider running

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Speaker 1: against their boss, the president. That one surprised me. All right,

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Speaker 1: Governor Hogan, that is a stunning revelation. How many and

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Speaker 1: which members of the president's cabinet told you to consider

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Speaker 1: running against him? Well, there were only a couple, but

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Speaker 1: and I'm not gonna reveal the names because they were

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Speaker 1: private conversations, and I certainly want to wouldn't want to

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Speaker 1: see a couple of friends be fired from the administration.

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Speaker 1: The only reason I shared it in the book was

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Speaker 1: because it is somewhat of a stunning revelation. And I

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Speaker 1: don't think it comes as any surprise to to folks

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Speaker 1: that there are people in a lot of people in

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Speaker 1: the administration who have sometimes spoken out. You've heard a

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Speaker 1: lot of people that have been concerned about things here

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Speaker 1: and there. But um, it was just one small um

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Speaker 1: thing to mention in the book. It was certainly not

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Speaker 1: a main focus of anything we were talking about. I

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Speaker 1: wasn't didn't have any kind of a serious effort to

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Speaker 1: try to run for president, but a lot of people

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Speaker 1: were encouraging me, and I was very surprised to hear,

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Speaker 1: uh how closely, how close some of these folks were

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Speaker 1: actually the White House. Well, what what was the primary

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Speaker 1: motivation behind there wanting to wanting you to run? Was

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Speaker 1: it that he would lose the election, competence concerns, or

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Speaker 1: fear of the direction that he's taking the country in. Well, hey, again,

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Speaker 1: I don't want to share too much about personal conversations,

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Speaker 1: but I think it was a little bit about concerns

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Speaker 1: about uh, you know, losing the election and about you

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Speaker 1: know whether or not, um, you know, we were gonna

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Speaker 1: what was he gonna the bottom gonna drop out of

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Speaker 1: this thing? And and what what was the alternative? And

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Speaker 1: uh and you know, could we find someone that would

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Speaker 1: perhaps be able to uh put together a winning coalition

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Speaker 1: in the fall. You didn't vote for President Trump in

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Speaker 1: two thousand and sixteen. Are you going to endorse President

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Speaker 1: Trump this time or would you consider endorsing Joe Biden? Well, look,

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Speaker 1: that's a decision that we have from now until November

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Speaker 1: to figure out. I um I'm right now, I'm chairing

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Speaker 1: the National Governor's Association, and I'm sort of u prohibited

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Speaker 1: from getting too actively involved in the partisan politics because

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Speaker 1: I'm representing governors on both sides of the island. We're

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Speaker 1: trying to get things done in Washington, so I'm gonna

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Speaker 1: leave that to UH later to figure out. Governor this

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Speaker 1: has remained Bostick in New York. Well, let's talk about

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Speaker 1: what's going on in Washington, or rather what's not going on.

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Speaker 1: We have those jobless claims numbers that show the jobless

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Speaker 1: claims ticking up for the first time in weeks after

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Speaker 1: seeing a down trend. Here you have the expiration of

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Speaker 1: those supplemental unemployment benefits expiring for a lot of people

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Speaker 1: starting tomorrow, as well as some concerns here about the

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Speaker 1: moratoriums on eviction and other measures designed to keep people

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Speaker 1: at least whole or at least partially whole. Here as

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Speaker 1: we worked through this recession, what do you want to

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Speaker 1: see come out of the legislation that McConnell and other

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Speaker 1: folks down there are working on that's gonna help you

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Speaker 1: help your state, help your residence. Well, the these are

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Speaker 1: it's very important that we get something done and we

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Speaker 1: get this fourth stimulus package through Congress. It's somewhat frustrating

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Speaker 1: that we've got I talk about this in my book,

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Speaker 1: actually about I'm frustrated with the divisiveness and dysfunction. UM.

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Speaker 1: It seems like we're back to those same kinds of

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Speaker 1: things again. UM. We had a call with all the

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Speaker 1: governors yesterday. We were talking about kind of the things

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Speaker 1: being stalled out in the Congress. I can't really predict

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Speaker 1: what's gonna happen. They just came back from a fourth

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Speaker 1: of July recess. They're gonna be leaving again in August.

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Speaker 1: We've got only a couple of short weeks to get

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Speaker 1: all these things resolved, and the governors from both sides

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Speaker 1: of the hour pushing to get some action. All the

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Speaker 1: things that you just mentioned are important. We're also we

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Speaker 1: have been pushing and we had some commitments before from

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Speaker 1: the White House UM on help us A to the

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Speaker 1: states were on the front lines trying to provide support,

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Speaker 1: UM more services to more people that desperably needed. We

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Speaker 1: had a five billion dollar request to to to the states.

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Speaker 1: We've already laid off one point six million state and

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Speaker 1: local government workers. There's talk about four million more being

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Speaker 1: laid off if we don't get this package through today.

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Speaker 1: The news is that that's not in the Senate Republicans bill.

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Speaker 1: I'm gonna be talking with some of those leaders over

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Speaker 1: the next few days and with some of my colleague governors,

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Speaker 1: and so if we can't try to get some not

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Speaker 1: some common sense into them and find some kind of

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Speaker 1: common sense by partisan solutions and governor, not only is

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Speaker 1: there the economic term ail that you're trying to face,

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Speaker 1: but there's also the pandemic that continues. And how much

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Speaker 1: you finding it being a help or hindrance the White

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Speaker 1: House at the moment in terms of fending off the

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Speaker 1: optic that we see in COVID nineteen and how much

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Speaker 1: you can help your residents, well, I I you know,

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Speaker 1: I don't want to just focus on the negative, because

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Speaker 1: they have made some improvements in some areas, but we're

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Speaker 1: really concerned about the fact that that's spiking up again

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Speaker 1: around the country. And we heard talk from the White

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Speaker 1: House when the President just in the past few days

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Speaker 1: about cutting funding for testing, which is probably one of

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Speaker 1: the most important things that we can do right now

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Speaker 1: to get a handle on where this virus is and

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Speaker 1: to stop to spread. We've got shortages of testing and

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Speaker 1: and long delays that labs across the country with people

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Speaker 1: waiting up to ten days. It's critically important, and um,

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Speaker 1: we're gonna have to continue to press the federal government.

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Speaker 1: They've provided some assistance and the Cares Act funding has

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Speaker 1: helped an awful lot of people. But we've got to

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Speaker 1: keep working because this virus is by no means behind us,

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Speaker 1: and we need the federal government's help. The governors are

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Speaker 1: out there on the front line, is doing everything we can,

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Speaker 1: but we need we need our federal partners to step

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Speaker 1: up and continue to help. That was Governor Larry Hogan

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Speaker 1: speaking to me exclusively, folks, regarding regarding people urging him

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Speaker 1: from within President Trump's very own cabinets, very own cabinet,

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Speaker 1: to tell him to run for president. I mean, the

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Speaker 1: book is still standing. I got an advanced copy of it.

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Speaker 1: I read it that are jumped out. Just think of

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Speaker 1: this for a second. Members of President Trump's cabinet that

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Speaker 1: he appointed, that he put on his team, that he

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Speaker 1: sits around with in the situation room urged him, according

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Speaker 1: to Governor Hogan, to run for president of the United States. Now,

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Speaker 1: Governor Hogan ultimately decided against it. But wow, wow, and

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Speaker 1: you know, and kudos to my colleagues Roman Bostick and

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Speaker 1: um and uh Caroline Hyde for doing such a good job,

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Speaker 1: uh and and asking that as well. Let's just reset here.

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Speaker 1: My name is Kevin Cereli. I'm the chief Washington correspondent

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Speaker 1: for Bloomberg Television and for Bloomberg Radio. We are going

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Speaker 1: to cover every angle of what's in the news. Republicans

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Speaker 1: announced their plan today for the economic stimulus and it's

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Speaker 1: gonna send more than twelve hundred dollars stimulus checks in August.

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Speaker 1: Lara Davison Lara Liffin reporting on the Bloomberg terminal. The

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Speaker 1: one hundred and sixty million of Mayre Arikans who got

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Speaker 1: stimulus checks earlier this year would get another payment as

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Speaker 1: soon as next month under a plan being negotiated by

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Speaker 1: Secretary Manution and Leader McConnell. Our proposal is the exact

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Speaker 1: same provision as last time. Manuians old reporters Thursday, as

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Speaker 1: he and Congressional Republicans work to finalize a series of

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Speaker 1: stimulus bills that will form the counter offer so to

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Speaker 1: a plan from Democrats that means that people who earn

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Speaker 1: up to seventy five thousand dollars would get twelve hundred

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Speaker 1: dollar payment for themselves and five hundred for their dependent children.

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Speaker 1: Couples earning up to one and fifty thousand dollars would

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Speaker 1: also qualify. The payment amounts phased down for singles earning

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Speaker 1: up to ninety nine thousand or a hundred and ninety

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Speaker 1: eight thousand as a couple. Eric Watson's gonna join us.

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Speaker 1: He's gonna break it down forests um as will Rambad Jean.

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Speaker 1: But that's going on. In terms of the domestic policy.

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Speaker 1: We gotta talk about foreign policy. You gotta talk about

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Speaker 1: what's going on with the US and China. And that's

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Speaker 1: why I'm thrilled to bring into UH the equation and

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Speaker 1: to welcome back to our air Jonathan Speltzer. He's the

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Speaker 1: president of US Telecom and he's gonna give us the

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Speaker 1: latest on the five G battle UH and fall away. Okay,

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Speaker 1: yesterday I was telling our audience Jonathan about how the

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Speaker 1: consulate closing in Houston, the Chinese consulate closing in Houston

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Speaker 1: was such a major deal, coupled with regards to UH,

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Speaker 1: the announcement that to Chinese hackers allegedly hacked. Some COVID

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Speaker 1: nine teamers are DJ filed and indictment. What's going on

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Speaker 1: with FAWA in five G? Well, you're absolutely right, Uh,

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Speaker 1: the count, the coastualate closing, um, the the hacks, these

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Speaker 1: are all Belt has for. You know, what really is

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Speaker 1: this ongoing debate Kevin over five G security? And the

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Speaker 1: bottom line is that we know that it really is

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Speaker 1: more about more than about just communications technol It really

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Speaker 1: does reach right into the heart of the key issues

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Speaker 1: and complex issues regarding in your national commerce, diplomacy, the

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Speaker 1: national security. Their bottom line as well is that nobody

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Speaker 1: the US government had in many other governments who has

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Speaker 1: given companies like Huawei. And by the way, it's not

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Speaker 1: just Huawei v E a clean bill of health. Not

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Speaker 1: here in the United States, and recently the UK and

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Speaker 1: even France have decided to to take a phase out

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Speaker 1: approach with respect to Huawei network inputs. You know, I

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Speaker 1: find this a big deal. Yeah, they're huge deals, and

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Speaker 1: I think most people don't really necessarily understand. And that's

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Speaker 1: why I'm so grateful to have you come on because

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Speaker 1: you mentioned, uh, you mentioned Europe. Is the United States

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Speaker 1: doing a good enough job and getting the Europeans on

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Speaker 1: board to secure the five G network. Uh, the diplomatic

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Speaker 1: apparatus is in folk gear, working with you know, not

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Speaker 1: only counterparts, but O, E, C D counterparts. And there

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Speaker 1: is you know, an emerging bulwark that is saying, you know,

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Speaker 1: it's it's it's it's not it's my way, not Huawei,

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Speaker 1: which is to say, you've got you know, Japan and

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Speaker 1: Australia and New Zealand and some not all EU countries

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Speaker 1: that are understanding the blooming security threat. And that's not

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Speaker 1: necessarily measured, you know, if you would talk to more

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Speaker 1: appropriately intelligence sources about potential backdoors. But what we know

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Speaker 1: for sure is that back in the Chinese government passed

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Speaker 1: its Cybersecurity Law went into effect in seventeen, and article

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Speaker 1: of that law makes explicit that the Chinese military and

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Speaker 1: intelligence apparatus can, at their will require any critical infrastructure

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Speaker 1: industry in China to cooperate with them in pursuing and

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Speaker 1: mitigating national security threats. Well, you know, that's a very

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Speaker 1: broad canvas, and that's one of the reasons why our

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Speaker 1: telecommunications enterprises are broadband companies here in the United States

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Speaker 1: have been really on guard, in vigilant back when the

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Speaker 1: first players were sent up about this issue of of

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Speaker 1: Huawei in twelve during the Abump administration, and we've been

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Speaker 1: on guard making sure that we can continue to sort

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Speaker 1: of keep our networks as resilient as secure as possible

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Speaker 1: limit uh the the integration of suspect elements from companies

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Speaker 1: like Huawei. Almost all of our broadband companies actually do

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Speaker 1: not integrate Huawei equipment. UM. The ones that still have

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Speaker 1: some are are working diligently to make sure that they

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Speaker 1: can rip it out and replace it with more diverse

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Speaker 1: and more secure network inputs. We've got, we've got a

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Speaker 1: runway in front of us to accomplish a couple of things.

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Speaker 1: One is to ensure for our own part that we

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Speaker 1: in the United States can have a more diverse and

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Speaker 1: more competitive advanced manufacturing base. There are existing entities like

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Speaker 1: Ericson and UH Yeah, Samsung UH and others that are

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Speaker 1: already providing network equipment that is creating the framework for

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Speaker 1: five G deployment here in the United States and around

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Speaker 1: the world. We need to also know that there are

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Speaker 1: other ways of increasing competition. Are networks, let's let's remember,

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Speaker 1: are becoming more virtualized, are becoming more software driven and

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Speaker 1: we should advance efforts and research and development to support

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Speaker 1: them to you know, look at where, for example, in

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Speaker 1: our radio access network, we can advance new standards for

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Speaker 1: open radio access networks, more virtualized radio access networks. It's

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Speaker 1: all technical terms, but what it means is we need

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Speaker 1: to bring new ways of thinking, more innovative, more entrepreneurially

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Speaker 1: to compete with network global network players like Huawei who

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Speaker 1: really do benefit did from their sort of industrial policy,

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Speaker 1: top down support that they're serially getting from the government invasion.

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Speaker 1: Our innovation model has been a lot more flexible. There

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Speaker 1: are a lot more sort of permission list and I

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Speaker 1: think in the in the end, we're going to prevail

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Speaker 1: because of that. Yeah, all right, it's it's really fascinating,

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Speaker 1: especially through the lens of the U. S. And China.

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Speaker 1: And as this continues to heat up, we are going

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Speaker 1: to periodically check in with you folks, because look five,

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Speaker 1: she is already here. It's already here, and and and

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Speaker 1: and that's really what this is about. And in terms

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Speaker 1: of you know, the escalations between the U. S And China,

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Speaker 1: there are very different steps that can be taken, not

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Speaker 1: just closing down to consulate, not just tariffs on soybeans.

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Speaker 1: But this is really what this battle is over in

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Speaker 1: terms of in terms of what's uh, what's been, what's

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Speaker 1: been going on? So my my thanks to Jonathan Spalter,

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Speaker 1: president of US Telecom, for for coming on and and

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Speaker 1: breaking down such a complex and important topic regarding five

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Speaker 1: G and huaweh. Let's now turn back to politics as

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Speaker 1: we await the start of pres didn't Trump's daily Corona

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Speaker 1: Virus Task Force briefing? And Ron bon Jean's gonna join us.

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Speaker 1: He's on the line. He has a partner at Rock Solutions,

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Speaker 1: and of course of Republican insiders worked for everybody in

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Speaker 1: town advised you know, I don't want to tell he

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Speaker 1: advises a lot of a lot of prominent Republicans. Is

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Speaker 1: that good? Rod? Can I say that? What am I

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Speaker 1: allowed to say? You're sure? Kevin, Kevin, it's great to

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Speaker 1: be on the show. Thanks for having me, all right, No,

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Speaker 1: no problem, thank you? All right. So President Trump, he's

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Speaker 1: doing these daily Coronavirus Task Force briefings. What's the point,

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Speaker 1: what are we learning? What are we gathering? Because most

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Speaker 1: people I think I've tuned them out? Now, am I wrong? Well,

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Speaker 1: I'm want to say towards the end of the last

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Speaker 1: briefings that he did back what in April, UM that

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Speaker 1: after a while, we weren't getting as much information as

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Speaker 1: I think we hope to get this time around. Just

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Speaker 1: on the last I mean, the last one he's one

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Speaker 1: seems done have been much shorter, and he's provided much

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Speaker 1: more succinct information. I don't know if it's necessarily you know,

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Speaker 1: cutting edge information that that he's announcing right there at

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Speaker 1: the top, you know, during the briefing, but it is

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Speaker 1: more succinct. He is following a script. It doesn't feel

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Speaker 1: as if, uh, you know, he's riffing it like he did,

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Speaker 1: you know, the hour and a half type of briefings

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Speaker 1: that he did before that really drowned, drowned everybody out.

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Speaker 1: What I think he is sensing is that he needs

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Speaker 1: to project leadership at a time where Americans are really

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Speaker 1: questioning the information that they're getting from government as well

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Speaker 1: as the media. They're just confused that they're getting mixed

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Speaker 1: messages all over the place. And the fact that he

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Speaker 1: stood up there and said, yeah, wearing masks is a

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Speaker 1: good idea, UM paraphrasing, you know, that he endorsed the

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Speaker 1: idea of mass finally, I think was a good thing

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Speaker 1: to do. So okay, and I hear you on the mask,

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Speaker 1: But like most Americans right now are freaking out rightfully,

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Speaker 1: so they've got a lot of economic anxiety. We just

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Speaker 1: here that Republicans have got to some reach some type

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Speaker 1: of deal and that twelve thousand dollar checks could be

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Speaker 1: reinstated come mid August, and additional funds based upon family

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Speaker 1: size five per kid UH and and some other tiered

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Speaker 1: approaches for other uh individuals. But you know, from an

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Speaker 1: economic standpoint, this country is hurting. People want to know

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Speaker 1: if their kids are going back to school, what can

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Speaker 1: he do? He can't hold rallies. I mean he can

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Speaker 1: to some extent, but he can't really, you know, do

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Speaker 1: the exact playbook. I mean, what are you hearing from

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Speaker 1: folks who are advising this reelection campaign on how to

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Speaker 1: turn it around? Turned the corner? I think one of

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Speaker 1: the things, I mean they're doing large rallies is definitely out.

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Speaker 1: We saw what happened to Peak Kansas. Um. I I

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Speaker 1: really think they should start thinking about doing their rallies

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Speaker 1: at you know, smaller get smaller gatherings at airport hangars

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Speaker 1: like it used to do. During the campaign where you

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Speaker 1: visit a dozen cities. There are six cities in a day,

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Speaker 1: and you'd hold a venue at an airport hangar with

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Speaker 1: the plane behind the president. Um. That's a very powerful image.

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Speaker 1: And you only need a few hundred people to participate.

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Speaker 1: And of course he would feel safe because he's safer

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Speaker 1: because you'd be outside. And now that Trump's endorsed masks,

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Speaker 1: then masks are now going to be more in vogue hopefully. UM.

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Speaker 1: But I I also think it's a good idea for

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Speaker 1: him to be doing these breakings because he's trying to

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Speaker 1: communicate with people that he's trying to do something, um.

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Speaker 1: Without having him on the air or visible beyond Twitter,

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Speaker 1: um or a Fox News interview. You really you know,

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Speaker 1: his supporters really aren't seeing him, and people who are

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Speaker 1: wondering where with all the uncertainty happening in our country

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Speaker 1: right now, that scares a lot of us. We're all

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Speaker 1: looking for leadership, and this is one way I think

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Speaker 1: for him to show it. You know, all right, I

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Speaker 1: want to ask you even just got the two minute warning,

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Speaker 1: by the way, with regards to President Trump. So if

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Speaker 1: I cut you off, it's because I'm tossing to the president.

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Speaker 1: But Ron Bonjean, what what what about from foreign policy?

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Speaker 1: Because we we we touched on China a little bit.

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Speaker 1: You've got the divide right now within the Republican Party.

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Speaker 1: You know, we heard from Governor Hogan and whatnot. But

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Speaker 1: on foreign policy, there's so many moving parts. You know,

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Speaker 1: the border between the US and Canada still shut down, Okay,

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Speaker 1: I mean, it's we're living in this. We're still in

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Speaker 1: this moment. We're still in the thick of it. Why

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Speaker 1: isn't he addressing the country as the commander in chief?

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Speaker 1: Do you think that would be a strategy that he

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Speaker 1: could use. I mean on foreign pol fact of the

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Speaker 1: manner is, people are just worried about where their next

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Speaker 1: checks is coming from, if they're going to keep their job,

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Speaker 1: or if they're going to catch COVID nineteen. One of

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Speaker 1: the last things are thinking about is foreign policy. Unfortunately, um,

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Speaker 1: it's just something that's not on the radar screen of

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Speaker 1: Mary and many Americans, and most people aren't realizing that

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Speaker 1: the border is still closed as Canada, or what's really

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Speaker 1: going on with international events when they're wondering if they

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Speaker 1: can put their kids in school this fall. So, you know,

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Speaker 1: I think it's important for him to have a commander

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Speaker 1: in chief had on, but it's more important for him

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Speaker 1: to be addressing the domestic challenges that are facing the

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Speaker 1: nation at this moment, at this moment,