1 00:00:00,360 --> 00:00:05,080 Speaker 1: Live from our nation's ca. How do we reopen this economy? 2 00:00:05,200 --> 00:00:08,320 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 for the United States relationship with China? 4 00:00:11,560 --> 00:00:16,480 Speaker 1: Bloomberg Sound On, The Insiders, the influencers, the insides. We're 5 00:00:16,520 --> 00:00:19,720 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. You're looking at seventy Kennedys for different vectines. 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 --> 00:00:38,920 Speaker 1: m h D two. President Trump prepares to head to Oklahoma. 11 00:00:39,080 --> 00:00:43,320 Speaker 1: We've got fresh reaction from Mario Parker, Bloomberg White House Reporter, 12 00:00:43,680 --> 00:00:48,160 Speaker 1: and we talked with Matt Borgus, founder of the Right 13 00:00:48,200 --> 00:00:52,120 Speaker 1: Side Pack. He's the former Ohio Republican Party chairman and 14 00:00:52,280 --> 00:00:57,520 Speaker 1: he's uniting Republicans against President Trump. And my exclusive interview 15 00:00:57,560 --> 00:01:02,279 Speaker 1: was Senator Marcia Blackburn. All of that, as well as 16 00:01:02,280 --> 00:01:05,040 Speaker 1: Senator Chris Coons. Lots to get through jam packed our 17 00:01:05,280 --> 00:01:07,760 Speaker 1: some breaking news on the DOCCA front. The Supreme Court 18 00:01:07,800 --> 00:01:14,680 Speaker 1: on Thursday rejected President Trump's attempt to end the DOCCA program. 19 00:01:14,800 --> 00:01:19,360 Speaker 1: This as the Court had a five for decision that 20 00:01:19,480 --> 00:01:23,000 Speaker 1: found the administration's moved to wind down the Obama era 21 00:01:23,120 --> 00:01:29,400 Speaker 1: program for dreamers lacked a legal sound sound legal basis. 22 00:01:29,440 --> 00:01:33,160 Speaker 1: Reading from the legendary Supreme Court reporter Josh Kerstein's reporting 23 00:01:33,600 --> 00:01:37,840 Speaker 1: on Politico, alright, Mario Parker's on the line. Mario is 24 00:01:37,840 --> 00:01:41,360 Speaker 1: a Bloomberg White House reporter. What has the response been, 25 00:01:41,480 --> 00:01:47,360 Speaker 1: Mario on the DOCCA ruling? Well, Um, Kevin will President 26 00:01:47,480 --> 00:01:50,600 Speaker 1: Trump is not too pleased. Um. He took to Twitter, 27 00:01:51,240 --> 00:01:57,000 Speaker 1: uh to essentially attacked the court's decision. Uh, this was 28 00:01:57,040 --> 00:02:01,080 Speaker 1: the second one this week. Uh, that was um not 29 00:02:01,200 --> 00:02:06,560 Speaker 1: necessarily in line with the conservative brand. Um that he's 30 00:02:07,280 --> 00:02:10,640 Speaker 1: made the pitch that he's made to voters about why 31 00:02:10,840 --> 00:02:13,960 Speaker 1: he deserves a second term and who he's appointed to 32 00:02:14,120 --> 00:02:18,200 Speaker 1: the court, and that the court reflects his basis of views. 33 00:02:18,680 --> 00:02:22,400 Speaker 1: So earlier today he tweeted UM that these are horrible 34 00:02:22,639 --> 00:02:27,280 Speaker 1: and politically politically charged decisions. He also mused whether or 35 00:02:27,320 --> 00:02:31,840 Speaker 1: not UM the court likes him. And then lastly, you know, 36 00:02:31,960 --> 00:02:36,919 Speaker 1: he hinted at Um saying that he has a new 37 00:02:37,000 --> 00:02:41,400 Speaker 1: list of possible conservative Supreme Court nominees. That he will 38 00:02:41,480 --> 00:02:45,119 Speaker 1: be unveiling. So, I mean, it really is quite remarkable 39 00:02:45,160 --> 00:02:48,200 Speaker 1: to historic decisions on the Supreme Court, one of his uh, 40 00:02:48,360 --> 00:02:51,640 Speaker 1: several of his appointees, uh sitting already on the on 41 00:02:51,720 --> 00:02:55,040 Speaker 1: the Supreme Court, and the President weighing in on Twitter. Now, 42 00:02:55,080 --> 00:02:57,800 Speaker 1: I thought it was interesting in this tweet that you 43 00:02:57,880 --> 00:03:01,240 Speaker 1: just alluded to these horrible and politically charged decisions coming 44 00:03:01,240 --> 00:03:04,760 Speaker 1: out of the Supreme Court. Our shotgun blasts into the 45 00:03:04,800 --> 00:03:08,320 Speaker 1: face of people that are proud to call themselves Republicans 46 00:03:08,440 --> 00:03:11,919 Speaker 1: or conservatives. We need more justices or we will lose 47 00:03:12,000 --> 00:03:17,280 Speaker 1: our Second Amendment and everything else. Vote Trump in twenty twenty. 48 00:03:17,960 --> 00:03:21,560 Speaker 1: But I I think it's interesting that he's not necessarily 49 00:03:21,720 --> 00:03:25,080 Speaker 1: listing the specific cases. So it's it's it's a really 50 00:03:25,919 --> 00:03:30,480 Speaker 1: interesting dynamic in terms of what he's saying, because on 51 00:03:30,520 --> 00:03:32,480 Speaker 1: the one hand, he's being critical of the decisions, but 52 00:03:32,480 --> 00:03:35,760 Speaker 1: he's not saying which decisions he's critical of. You know 53 00:03:35,760 --> 00:03:39,320 Speaker 1: what I'm saying, Mario, No, absolutely, Um. Just watching the 54 00:03:39,400 --> 00:03:43,280 Speaker 1: decision earlier this week, uh, and watching what his response 55 00:03:43,280 --> 00:03:47,240 Speaker 1: would be, it was relatively muted. Um, And so we 56 00:03:47,280 --> 00:03:51,320 Speaker 1: didn't see a real response. Um. You know, the Visa v. 57 00:03:51,440 --> 00:03:56,320 Speaker 1: What we're saying today rather that was really charged. Um, 58 00:03:56,320 --> 00:03:59,480 Speaker 1: but no, he You're absolutely right. I mean the president 59 00:03:59,560 --> 00:04:04,520 Speaker 1: is he's in this tough political position where, um, you know, 60 00:04:04,960 --> 00:04:09,360 Speaker 1: and and this moment, mind you, where he's trying to 61 00:04:10,520 --> 00:04:14,360 Speaker 1: at once throw red meat to his base, but at 62 00:04:14,360 --> 00:04:20,640 Speaker 1: the same time, um, not a friend or hurt himself 63 00:04:20,680 --> 00:04:24,799 Speaker 1: further with other voters as well. So he's trying to 64 00:04:24,800 --> 00:04:27,799 Speaker 1: to to tell this delicate line it that most people 65 00:04:27,800 --> 00:04:31,520 Speaker 1: in his position would would tell. But he's also, of 66 00:04:31,560 --> 00:04:36,880 Speaker 1: course very very boisterous and very opinionated and he rarely 67 00:04:36,920 --> 00:04:39,600 Speaker 1: holds back as will. So it's it's that's a very 68 00:04:39,680 --> 00:04:43,200 Speaker 1: tough dance for someone. Uh that that takes the Twitter 69 00:04:43,279 --> 00:04:45,880 Speaker 1: and where of course all looking for that commentary and 70 00:04:45,880 --> 00:04:49,839 Speaker 1: it's the instant reaction. Yeah, precisely, all right, Mario Let's 71 00:04:49,839 --> 00:04:53,279 Speaker 1: Witch Gears John Bolton's book really ricocheting its way in 72 00:04:53,480 --> 00:04:56,440 Speaker 1: and out of Washington Zoom conferences. I mean, this is 73 00:04:56,640 --> 00:05:00,720 Speaker 1: the talk of the town, especially as now the administration 74 00:05:00,839 --> 00:05:04,440 Speaker 1: suing to keep it out of bookstores and off of 75 00:05:04,600 --> 00:05:09,560 Speaker 1: online book shelves. What did the administration say now twenty 76 00:05:09,600 --> 00:05:12,760 Speaker 1: four hours out following the allegations that the President had 77 00:05:12,800 --> 00:05:15,360 Speaker 1: asked U Jing Ping in China for an assist in 78 00:05:15,400 --> 00:05:18,200 Speaker 1: the election. Well, there's a couple of things coming out now. 79 00:05:18,600 --> 00:05:23,120 Speaker 1: Earlier today, Peter Navarro Um was at the White House. 80 00:05:23,160 --> 00:05:26,320 Speaker 1: He did a TV hit, but he also uh did 81 00:05:26,839 --> 00:05:30,440 Speaker 1: held a gaggle with reporters in which he I mean 82 00:05:30,520 --> 00:05:36,600 Speaker 1: he really, um, he really took some five fire to 83 00:05:37,200 --> 00:05:41,479 Speaker 1: the Bolton. He says that uh he was there, uh, 84 00:05:41,480 --> 00:05:45,280 Speaker 1: and he doesn't recall that conversation going the way it did. 85 00:05:45,440 --> 00:05:51,200 Speaker 1: He also alluded to Bolton's um were alleged that Bolton 86 00:05:51,520 --> 00:05:54,360 Speaker 1: may not be telling the truth about certain things, and 87 00:05:54,400 --> 00:05:57,720 Speaker 1: then Um essentially said that, you know, he shouldn't be 88 00:05:58,440 --> 00:06:03,719 Speaker 1: uh divulging classified information for a book. So if that 89 00:06:03,880 --> 00:06:06,640 Speaker 1: sounds like that doesn't all ligne up, that's about right, 90 00:06:07,160 --> 00:06:12,000 Speaker 1: because at once they're the White House is signaling that 91 00:06:12,000 --> 00:06:15,960 Speaker 1: that the book is uh full of inaccuracies. But on 92 00:06:16,000 --> 00:06:18,800 Speaker 1: the other hand, White House is also saying that he's 93 00:06:18,880 --> 00:06:25,640 Speaker 1: divulging classified information. So we're still unsure as to which 94 00:06:25,720 --> 00:06:27,520 Speaker 1: line it is. But that's been the White House line, 95 00:06:27,560 --> 00:06:31,840 Speaker 1: and it's both lies and classified. It's it really is 96 00:06:31,880 --> 00:06:35,400 Speaker 1: it really truthfully is quite remarkable. And then just we 97 00:06:35,440 --> 00:06:37,640 Speaker 1: do want to highlight this because coming up on the program, 98 00:06:37,680 --> 00:06:40,640 Speaker 1: we're gonna hear from Senators Chris Kuhns and Marcia Blackburn 99 00:06:40,680 --> 00:06:43,880 Speaker 1: on a host of different geo political, and domestic issues. 100 00:06:43,920 --> 00:06:46,799 Speaker 1: One of those issues is China and U S Secretary 101 00:06:46,839 --> 00:06:51,080 Speaker 1: of State Mike Pompeo stressing the need for full transparency 102 00:06:51,120 --> 00:06:55,159 Speaker 1: and information sharing during the global COVID nineteen pandemic and 103 00:06:55,200 --> 00:06:59,479 Speaker 1: future outbreaks. This as he met in Hawaii, Hawaii, Pompeos 104 00:06:59,520 --> 00:07:03,880 Speaker 1: in Hawaii, this Chinese counterpart, Yang Chi Chi, and that 105 00:07:03,960 --> 00:07:07,320 Speaker 1: was a Wednesday summit Hickum Air Force based in Hawaii 106 00:07:07,360 --> 00:07:10,440 Speaker 1: between Pompeo and Yang. So I mean, what is the 107 00:07:10,480 --> 00:07:15,880 Speaker 1: Trump administration been saying, Mario about um about China, Because 108 00:07:16,280 --> 00:07:19,160 Speaker 1: in the backdrop of the Bolton book allegations, you've got 109 00:07:19,160 --> 00:07:22,960 Speaker 1: the weaker executive order and now you've got this m no. 110 00:07:23,160 --> 00:07:29,120 Speaker 1: Absolutely and even then it's some somewhat discordinatet uh discordant messaging. 111 00:07:29,440 --> 00:07:34,200 Speaker 1: I mean, the President has been been his tough and 112 00:07:34,320 --> 00:07:38,400 Speaker 1: his tone on China over the last few months as 113 00:07:38,440 --> 00:07:42,040 Speaker 1: it relates to the headling of the coronavirus of course 114 00:07:42,040 --> 00:07:46,680 Speaker 1: that you mentioned. Mike Pompeo has also taking taking a 115 00:07:46,800 --> 00:07:52,080 Speaker 1: harsh tone the president this afternoon, UM during event an 116 00:07:52,160 --> 00:07:54,560 Speaker 1: event here at the White House actually sent a suite 117 00:07:55,520 --> 00:08:02,400 Speaker 1: refuting comments by Representative light Hiser about UM whether or 118 00:08:02,440 --> 00:08:05,960 Speaker 1: not the US would be willing to decouple from China. UM. 119 00:08:06,000 --> 00:08:09,040 Speaker 1: President Trump say at the US could indeed pursue a 120 00:08:09,080 --> 00:08:12,920 Speaker 1: complete decoupling from China. Uh, in response to, you know, 121 00:08:13,000 --> 00:08:17,440 Speaker 1: unspecified conditions. But that's that's been kind of the message thing. 122 00:08:17,440 --> 00:08:21,680 Speaker 1: It's been a tougher tone. Um. But as you also mentioned, 123 00:08:21,720 --> 00:08:27,120 Speaker 1: I mean, the Bolton book kind of it, uh undermines 124 00:08:27,240 --> 00:08:30,040 Speaker 1: this argument that the president would be tougher on China, 125 00:08:30,200 --> 00:08:33,239 Speaker 1: or has been tougher on China than the dem presumptive 126 00:08:33,440 --> 00:08:37,320 Speaker 1: Democratic nominee would be. Alright, alright, stick around, Mario Parker, 127 00:08:37,360 --> 00:08:39,360 Speaker 1: because you've got an incredible story that was on the 128 00:08:39,400 --> 00:08:43,600 Speaker 1: Bloomberg terminal last week about President Trump's provocative racial rhetoric 129 00:08:43,640 --> 00:08:46,600 Speaker 1: and how he's increasingly been alone on that. Mario Parker 130 00:08:46,679 --> 00:08:50,240 Speaker 1: is a Bloomberg White House reporter. Stick it right here. 131 00:08:50,800 --> 00:08:53,760 Speaker 1: I'm Kevin Sirley, chief Washington correspondent for Bloomberg Television and 132 00:08:53,800 --> 00:08:56,920 Speaker 1: for Bloomberg Radio. We've got Marsha Blackburn. Chris Coons and 133 00:08:57,040 --> 00:08:58,760 Speaker 1: you don't want to miss this. I'm telling you you 134 00:08:58,840 --> 00:09:01,080 Speaker 1: do not want to miss this. He is the Republican 135 00:09:01,400 --> 00:09:04,240 Speaker 1: trying to unite other Republicans in the Never Trump movement. 136 00:09:04,440 --> 00:09:07,439 Speaker 1: He's calling in as well. Right around the corner, you're 137 00:09:07,440 --> 00:09:15,400 Speaker 1: listening to Bloomberg. This is Bloomberg's Sound On with Kevin 138 00:09:15,400 --> 00:09:19,640 Speaker 1: Surreley on Bloomberg and one oh five point seven f 139 00:09:19,760 --> 00:09:25,200 Speaker 1: m HD two. Criminal liability. That's what President Trump said. 140 00:09:25,920 --> 00:09:31,360 Speaker 1: John Bolton is gonna face criminal liability if he publishes 141 00:09:32,080 --> 00:09:34,600 Speaker 1: that Talk of the Town Tell All book. My name 142 00:09:34,640 --> 00:09:37,440 Speaker 1: is Kevin Surley on the Chief Washington correspondent for Bloomberg 143 00:09:37,480 --> 00:09:40,320 Speaker 1: Television and for Bloomberg Radio. We're still buzzing about that 144 00:09:40,400 --> 00:09:44,000 Speaker 1: book by John Bolton. The bombshells in this book. But 145 00:09:44,120 --> 00:09:46,640 Speaker 1: you know, I mean now it's in the you know, 146 00:09:46,679 --> 00:09:49,719 Speaker 1: President Trump's saying he's, you know, breaching his contract and 147 00:09:50,040 --> 00:09:52,840 Speaker 1: on all this. I don't know, folks, I feel like 148 00:09:52,840 --> 00:09:54,839 Speaker 1: we've seen this. Remember the amor Rossa book. I'm I'm 149 00:09:54,880 --> 00:09:57,079 Speaker 1: old enough to remember the amor Rosa book. Remember when 150 00:09:57,120 --> 00:10:00,000 Speaker 1: she was like bug the she had like the records 151 00:10:00,280 --> 00:10:04,240 Speaker 1: in the in the what was it the the situation room. 152 00:10:04,640 --> 00:10:07,800 Speaker 1: Can't make it up. Mario Parker's on the line. He's mcaulleague. 153 00:10:07,920 --> 00:10:11,720 Speaker 1: He is the Bloomberg White House reporter. Mario. I yeah, 154 00:10:11,760 --> 00:10:13,680 Speaker 1: you and I were talking about this offline. I loved 155 00:10:13,720 --> 00:10:17,480 Speaker 1: your story the other week. UH, and it's on the 156 00:10:17,480 --> 00:10:19,400 Speaker 1: Bloomberg terminal and I'm gonna pull it up now here. 157 00:10:19,400 --> 00:10:23,559 Speaker 1: It is. Uh. Trump is increasingly alone and provocative racial rhetoric. 158 00:10:23,600 --> 00:10:27,120 Speaker 1: President Trump is resisting a new rush to address police 159 00:10:27,120 --> 00:10:30,520 Speaker 1: brutality and tear down Confederate symbols. Even a poll show 160 00:10:30,800 --> 00:10:34,600 Speaker 1: Americans believe changes are needed, and many corporations, including NASCAR, 161 00:10:34,720 --> 00:10:38,200 Speaker 1: with its conservative fan base, embrace a more proactive stance 162 00:10:38,280 --> 00:10:44,400 Speaker 1: on issues of racial justice. Where does the president stand now? Midweek? Well, 163 00:10:44,400 --> 00:10:49,640 Speaker 1: I know the he issued the executive order earlier this week, UM, 164 00:10:49,679 --> 00:10:53,560 Speaker 1: but that was kind of criticized as not being far 165 00:10:53,720 --> 00:10:58,760 Speaker 1: enough for Democrats and detractors. He's tried to just how 166 00:10:58,880 --> 00:11:04,520 Speaker 1: this line between Um, his campaign has made this outreach 167 00:11:04,600 --> 00:11:09,160 Speaker 1: toward black voters, but the president some of the rhetoric 168 00:11:09,240 --> 00:11:15,720 Speaker 1: that he's employed, UM has alienated uh or further alienated 169 00:11:15,760 --> 00:11:19,440 Speaker 1: some of those voters. But also UM, you know, it 170 00:11:19,559 --> 00:11:24,680 Speaker 1: hasn't been to bomb on the loan of a reeling country. Um. 171 00:11:25,000 --> 00:11:28,920 Speaker 1: Just the tweets about law and order or UM about 172 00:11:29,120 --> 00:11:37,040 Speaker 1: sticking vicious dogs and protesters. Um the allusion to UM 173 00:11:37,360 --> 00:11:43,040 Speaker 1: not being in favor of removing Confederate statues. Yeah, exactly, 174 00:11:43,120 --> 00:11:44,960 Speaker 1: all right, Maria Parker, Great South, thanks for calling in. 175 00:11:44,960 --> 00:11:48,000 Speaker 1: He's Bloomberg's White House reporter. Switching gears now to Capitol Hill. 176 00:11:48,000 --> 00:11:50,000 Speaker 1: I was up on Capitol Hill today and I interviewed 177 00:11:50,040 --> 00:11:52,679 Speaker 1: Senator Chris Coon's on a host of different topics. One 178 00:11:52,720 --> 00:11:55,640 Speaker 1: of them is a bipartisan bill that he's introduced to 179 00:11:55,760 --> 00:12:00,280 Speaker 1: expand access to young people on AmeriCorps. This as they 180 00:12:00,280 --> 00:12:03,360 Speaker 1: struggle to have a new funnel into the economy. Take 181 00:12:03,360 --> 00:12:05,760 Speaker 1: a listen to what he told me. AmeriCorps is a 182 00:12:05,840 --> 00:12:08,760 Speaker 1: national service program that allows young Americans to spend a 183 00:12:08,840 --> 00:12:12,160 Speaker 1: year in service to our country through a local nonprofit 184 00:12:12,520 --> 00:12:16,280 Speaker 1: and earn some money for college, a living stipend, and 185 00:12:16,320 --> 00:12:20,160 Speaker 1: get healthcare for that year. Currently, there's seventy five thousand 186 00:12:20,160 --> 00:12:22,920 Speaker 1: people serving in America or in every single state and territory. 187 00:12:23,240 --> 00:12:25,760 Speaker 1: We would double the size of that program. We would 188 00:12:25,800 --> 00:12:28,520 Speaker 1: increase the living stipend they make just minimum wage now, 189 00:12:28,559 --> 00:12:30,079 Speaker 1: and it would bump it up just a little to 190 00:12:30,160 --> 00:12:32,600 Speaker 1: twenty two thousand a year and increase how much they 191 00:12:32,640 --> 00:12:35,280 Speaker 1: earned for college. I think in this moment when we've 192 00:12:35,320 --> 00:12:39,000 Speaker 1: had forty four million Americans apply for unemployment and that 193 00:12:39,040 --> 00:12:41,920 Speaker 1: has hit most heavily those who are younger and in 194 00:12:41,960 --> 00:12:46,360 Speaker 1: particular black and brown communities, this pathway towards opportunity would 195 00:12:46,360 --> 00:12:49,320 Speaker 1: put a hundred and fifty thousand people into service to 196 00:12:49,400 --> 00:12:52,839 Speaker 1: help with response to the pandemic, response to the recession, 197 00:12:53,040 --> 00:12:56,280 Speaker 1: response to growing hunger in this country. It's a proven solution. 198 00:12:56,400 --> 00:12:59,600 Speaker 1: I am thrilled that we've got Republican Senator Roger Wicker 199 00:12:59,640 --> 00:13:02,360 Speaker 1: as my lead co sponsor, but it's also got support 200 00:13:02,400 --> 00:13:06,080 Speaker 1: from Senators like Marco Rubio, Lindsay Graham, John Corny, and others. 201 00:13:06,400 --> 00:13:08,439 Speaker 1: I think it's got a great chance of moving forward. 202 00:13:08,480 --> 00:13:13,280 Speaker 1: It's another pipeline for young people during this downturn to 203 00:13:13,800 --> 00:13:16,480 Speaker 1: find an opportunity to help the country. It's a chance 204 00:13:16,520 --> 00:13:19,120 Speaker 1: to serve, to get to know each other from different 205 00:13:19,120 --> 00:13:21,839 Speaker 1: backgrounds and different parts of our country, to contribute to 206 00:13:21,880 --> 00:13:24,520 Speaker 1: the country, and to earn money for a college opportunity. 207 00:13:24,720 --> 00:13:27,720 Speaker 1: I think it's a great path forward. Meanwhile, there's a 208 00:13:27,800 --> 00:13:30,600 Speaker 1: lot of talk about whether or not more economic relief 209 00:13:30,640 --> 00:13:32,800 Speaker 1: and an economic stimulus is going to come, whether it 210 00:13:32,920 --> 00:13:35,720 Speaker 1: be and the July, early August, or even in the fall. 211 00:13:36,320 --> 00:13:38,680 Speaker 1: What can you tell us about a potential timeline for 212 00:13:38,720 --> 00:13:41,440 Speaker 1: another round of stimulus. I'm really surprised that we're not 213 00:13:41,640 --> 00:13:45,040 Speaker 1: right now negotiating the final details of the next round, 214 00:13:45,400 --> 00:13:48,360 Speaker 1: and surprised that Majority Leader McConnell says we don't need 215 00:13:48,400 --> 00:13:51,360 Speaker 1: to be doing that when the Fed Chairman yesterday was 216 00:13:51,400 --> 00:13:54,360 Speaker 1: testifying and the Secretary of the Treasury last week was 217 00:13:54,400 --> 00:13:58,359 Speaker 1: testifying that we absolutely need another round. Today, I'm introducing 218 00:13:58,360 --> 00:14:01,000 Speaker 1: a bill with several of my colleagues, Senator's Cardon and 219 00:14:01,040 --> 00:14:03,560 Speaker 1: Shaheen that would take what is left of the money 220 00:14:03,600 --> 00:14:09,320 Speaker 1: in the paycheck Protection Program and it would prioritize it. 221 00:14:09,320 --> 00:14:12,280 Speaker 1: It would take twenty five billions, specifically for the very 222 00:14:12,320 --> 00:14:15,800 Speaker 1: smallest companies ten or fewer employees that have lost fifty 223 00:14:16,120 --> 00:14:18,360 Speaker 1: of the revenue more and the rest of it for 224 00:14:18,400 --> 00:14:22,000 Speaker 1: those aren't employing below a hundred and it would expedite 225 00:14:22,000 --> 00:14:24,680 Speaker 1: the review and approval process for a second p p 226 00:14:24,720 --> 00:14:27,440 Speaker 1: P loan, a loan to grant for those that have 227 00:14:27,520 --> 00:14:30,080 Speaker 1: completed a first one successful. Well, I think there's this 228 00:14:30,120 --> 00:14:33,680 Speaker 1: frustration amongst main street small business leaders of those incredibly 229 00:14:33,720 --> 00:14:36,520 Speaker 1: small businesses in terms of they don't know where to go. 230 00:14:36,760 --> 00:14:40,280 Speaker 1: It's again information, they don't know where this money is 231 00:14:40,320 --> 00:14:45,080 Speaker 1: going to come from. How do small businesses get access 232 00:14:45,160 --> 00:14:49,080 Speaker 1: to that in this fog of pandemic economic war. So 233 00:14:49,160 --> 00:14:51,840 Speaker 1: three things. I've done lots of calls in Delaware with 234 00:14:52,000 --> 00:14:55,680 Speaker 1: small businesses, with our chambers of commerce in smaller towns 235 00:14:55,680 --> 00:14:57,560 Speaker 1: as well as our larger cities we don't have really 236 00:14:57,640 --> 00:15:00,760 Speaker 1: large cities in Delaware UM, and made sure that that 237 00:15:00,800 --> 00:15:04,360 Speaker 1: information is on my website. UM. We've engaged a lot 238 00:15:04,400 --> 00:15:07,080 Speaker 1: of lenders. So in the very first round it was 239 00:15:07,240 --> 00:15:10,960 Speaker 1: really only the very largest lenders that responded quickly UM. 240 00:15:11,000 --> 00:15:14,160 Speaker 1: But then it moved to regional banks, to credit unions, 241 00:15:14,200 --> 00:15:18,160 Speaker 1: to c d f ies, community development financial institutions, all 242 00:15:18,200 --> 00:15:20,960 Speaker 1: of them have been given now better training, better direction, 243 00:15:21,000 --> 00:15:24,160 Speaker 1: better resources, and so we should be in a place 244 00:15:24,200 --> 00:15:28,440 Speaker 1: where the very smallest businesses are able to access loans UM. 245 00:15:28,440 --> 00:15:32,000 Speaker 1: The Small Business Administration has also partnered with some fintech 246 00:15:32,040 --> 00:15:35,600 Speaker 1: companies to make p PP loans available literally on your 247 00:15:35,600 --> 00:15:39,400 Speaker 1: cell phone. Beyond that, it comes down to data and 248 00:15:39,880 --> 00:15:42,520 Speaker 1: where the money is going, tracking the money so that 249 00:15:43,080 --> 00:15:46,040 Speaker 1: if one sector isn't getting enough, or one portion isn't 250 00:15:46,040 --> 00:15:48,720 Speaker 1: getting enough, that you're able to see that. Are you 251 00:15:48,760 --> 00:15:52,000 Speaker 1: satisfied with how the administration has been transparent in terms 252 00:15:52,000 --> 00:15:55,480 Speaker 1: of allocating these resources. I'm not. Last week we had 253 00:15:55,520 --> 00:15:59,160 Speaker 1: a Small Business Committee hearing. Um I pressed the SPA 254 00:15:59,200 --> 00:16:01,440 Speaker 1: Administrator and the Secretary of the Treasury, and so did 255 00:16:01,440 --> 00:16:04,600 Speaker 1: several other senators about the lack of full transparency on 256 00:16:04,720 --> 00:16:08,160 Speaker 1: what companies of what size are getting what what grants. 257 00:16:08,520 --> 00:16:11,800 Speaker 1: If they've spent five hundred billion dollars in taxpayer money 258 00:16:12,080 --> 00:16:14,240 Speaker 1: just on the p p P program, and if two 259 00:16:14,240 --> 00:16:16,760 Speaker 1: point three trillion dollars has gone out the door just 260 00:16:16,840 --> 00:16:19,000 Speaker 1: in the CARES Act alone, we owe it to the 261 00:16:19,000 --> 00:16:23,200 Speaker 1: American taxpayers to deliver on transparency. We put robust provisions 262 00:16:23,240 --> 00:16:26,640 Speaker 1: in the bill to provide for transparency, and so far, frankly, 263 00:16:26,720 --> 00:16:30,080 Speaker 1: we've mostly seen either obstruction or foot dragging from key 264 00:16:30,160 --> 00:16:33,640 Speaker 1: elements of the administration. In some areas, there's been transparency, 265 00:16:33,880 --> 00:16:36,280 Speaker 1: but in this program, in particular, I'm concerned there hasn't 266 00:16:36,320 --> 00:16:40,120 Speaker 1: been enough. That was Senator Chris Coons, a Democrat from Delaware, 267 00:16:40,160 --> 00:16:43,280 Speaker 1: speaking on a variety of topics, and again he's introducing 268 00:16:43,320 --> 00:16:46,840 Speaker 1: that legislation to try to get that liquidity to actual, 269 00:16:47,320 --> 00:16:50,560 Speaker 1: actual small businesses. Much more. Coming up next, we're gonna 270 00:16:50,600 --> 00:16:53,560 Speaker 1: check in with Senator Marsha Blackburn and the man who's 271 00:16:53,600 --> 00:16:56,560 Speaker 1: trying to unite the never Trump movement. I'm Kevin Sireli, 272 00:16:56,600 --> 00:16:59,360 Speaker 1: Chief Washington correspondent for Bloomberg Television and for Bloomberg Radio. 273 00:16:59,520 --> 00:17:05,840 Speaker 1: And you are are listening to Bloomberg. This is Bloomberg's 274 00:17:05,920 --> 00:17:10,560 Speaker 1: Sound On with Kevin Surreley on Bloomberg and one oh 275 00:17:10,640 --> 00:17:14,720 Speaker 1: five point seven f M HD two. I'm Kevin CURRELLI, 276 00:17:14,960 --> 00:17:19,600 Speaker 1: Chief Washington correspondent for Bloomberg Television and for Bloomberg Radio. 277 00:17:19,720 --> 00:17:28,600 Speaker 1: Some disappointing, some disappointing, disappointing jobs numbers UH today and 278 00:17:29,160 --> 00:17:32,440 Speaker 1: we got to talk about it. We have to talk 279 00:17:32,480 --> 00:17:35,200 Speaker 1: about it. And let me read the jobs numbers on 280 00:17:35,200 --> 00:17:37,600 Speaker 1: the Bloomberg terminal, trying to find it now. Weekly jobless 281 00:17:37,600 --> 00:17:40,600 Speaker 1: claims worse than forecast. This via the Department of Labor. 282 00:17:40,640 --> 00:17:44,960 Speaker 1: Initial jobless claims one point five one million. That's down 283 00:17:45,040 --> 00:17:47,960 Speaker 1: from one point five seven million week before, and the 284 00:17:48,000 --> 00:17:51,080 Speaker 1: expectation was one point to nine million, So the job 285 00:17:51,080 --> 00:17:54,919 Speaker 1: has claims still missing the mark. Economists were optimistic and 286 00:17:55,119 --> 00:17:57,919 Speaker 1: hey they were missing the mark and the continuing claims. 287 00:17:57,920 --> 00:18:00,280 Speaker 1: So this is how many people continuing to find aisle 288 00:18:00,520 --> 00:18:04,159 Speaker 1: for unemployment. It decreased the twenty point five million, but 289 00:18:04,200 --> 00:18:08,720 Speaker 1: economists expected it to go down to nineteen point nine million. Um, 290 00:18:08,800 --> 00:18:13,840 Speaker 1: so yeah, not a good not a good uh childless 291 00:18:13,840 --> 00:18:16,120 Speaker 1: claims today. Joining us on the line Matt Bores. He's 292 00:18:16,160 --> 00:18:19,360 Speaker 1: the founder of Right Side Pack and former former Ohio 293 00:18:19,440 --> 00:18:22,840 Speaker 1: Republican Party chairman. Matt, you are leading the charge for 294 00:18:22,880 --> 00:18:26,359 Speaker 1: the never Trumpers, for the Republicans to back Biden, and 295 00:18:26,400 --> 00:18:29,919 Speaker 1: you have got the attention of the White House because 296 00:18:29,920 --> 00:18:32,720 Speaker 1: they are not too happy about some of the ads 297 00:18:32,760 --> 00:18:35,120 Speaker 1: that they're seeing coming out of that wing of the party. 298 00:18:35,160 --> 00:18:37,080 Speaker 1: But you but tell me why, because I just told 299 00:18:37,080 --> 00:18:40,520 Speaker 1: you that the economic numbers. Do you think Joe Biden 300 00:18:40,560 --> 00:18:45,000 Speaker 1: would do a better job on the economy than Trump? Well, Hi, Kevin, 301 00:18:45,200 --> 00:18:48,520 Speaker 1: it's good to be here. Thanks for having me on tonight. Um. Look, 302 00:18:48,560 --> 00:18:52,439 Speaker 1: I think there's any number of uh of issues that 303 00:18:52,480 --> 00:18:56,639 Speaker 1: we could talk about that that has led me to 304 00:18:56,680 --> 00:18:58,600 Speaker 1: a place where I never really thought I would ever 305 00:18:58,600 --> 00:19:00,600 Speaker 1: be I've been in this business for thirty years. I've 306 00:19:00,600 --> 00:19:03,680 Speaker 1: worked on presidential campaigns, traveled all over the country, served 307 00:19:03,720 --> 00:19:06,720 Speaker 1: as chairman of the state Party here, have held countless 308 00:19:06,760 --> 00:19:12,080 Speaker 1: Republicans win elections. UM in Ohio and and and around 309 00:19:12,080 --> 00:19:17,200 Speaker 1: the country. UM and uh. And this is really an 310 00:19:17,240 --> 00:19:21,800 Speaker 1: extraordinary situation that we find ourselves in. Um. And it's 311 00:19:21,880 --> 00:19:23,840 Speaker 1: it's one that I was, you know, banging the drum 312 00:19:23,840 --> 00:19:28,960 Speaker 1: about all the way back in on into and then 313 00:19:29,240 --> 00:19:33,040 Speaker 1: when we hosted the convention and Donald Trump became our nominee, 314 00:19:33,480 --> 00:19:35,840 Speaker 1: and none of these are things that I wasn't saying 315 00:19:35,880 --> 00:19:39,000 Speaker 1: to him personally, UM and saying publicly at the time, 316 00:19:39,840 --> 00:19:42,640 Speaker 1: UM and uh. And then he one he became president. 317 00:19:42,680 --> 00:19:44,760 Speaker 1: I think a lot of us thought, let's uh, and 318 00:19:44,800 --> 00:19:47,120 Speaker 1: I voted for So I do want to challenge something 319 00:19:47,119 --> 00:19:48,880 Speaker 1: that you said kind of at the beginning about being 320 00:19:48,920 --> 00:19:51,080 Speaker 1: never trumpers. Well, I was a never trumper. I voted 321 00:19:51,119 --> 00:19:53,280 Speaker 1: for Donald Trump and said I was going to and 322 00:19:53,320 --> 00:19:55,680 Speaker 1: did so in two thousands sixteen. So you can't really 323 00:19:55,680 --> 00:19:59,160 Speaker 1: call me a never trumper. Um. But when I when 324 00:19:59,200 --> 00:20:02,359 Speaker 1: I did that, UM one, we had an opponent that 325 00:20:02,480 --> 00:20:06,520 Speaker 1: year that most Republicans just thought was absolutely unacceptable. I 326 00:20:06,520 --> 00:20:09,359 Speaker 1: think almost all Republicans would have said, there's just no chance. 327 00:20:09,720 --> 00:20:12,040 Speaker 1: I don't care who we're running against. You know, Uh, 328 00:20:12,440 --> 00:20:16,720 Speaker 1: she's running against we're not voting for her. Um and 329 00:20:16,480 --> 00:20:18,720 Speaker 1: and and and then the other thing that was really 330 00:20:18,720 --> 00:20:21,960 Speaker 1: happening at the time. You probably recall this, and I 331 00:20:22,000 --> 00:20:25,439 Speaker 1: was included in this. A lot of us thought, you know, 332 00:20:25,480 --> 00:20:27,960 Speaker 1: once he gets once he wins, he's acting this way 333 00:20:28,000 --> 00:20:30,680 Speaker 1: for the campaign, But once he gets there, the the office, 334 00:20:30,800 --> 00:20:35,840 Speaker 1: the position, the authority, the responsibility, will will bring out 335 00:20:35,880 --> 00:20:38,080 Speaker 1: a different side of him, will change him. And that 336 00:20:38,200 --> 00:20:42,080 Speaker 1: certainly has not happened. So UM, while I kind of 337 00:20:43,320 --> 00:20:46,639 Speaker 1: I certainly voted for him, although he wasn't my first choice, 338 00:20:46,640 --> 00:20:48,280 Speaker 1: so it wasn't even near my first choice to be 339 00:20:48,320 --> 00:20:49,960 Speaker 1: our nominee that year, I voted for him in the 340 00:20:49,960 --> 00:20:52,760 Speaker 1: general election. UM, I wanted to give him a chance. 341 00:20:52,920 --> 00:20:56,600 Speaker 1: I just don't feel like he's earned my support for 342 00:20:57,359 --> 00:21:02,360 Speaker 1: this next for for this coming election, for election. And uh, 343 00:21:02,359 --> 00:21:05,600 Speaker 1: and there there's a lot of my Republican friends, um 344 00:21:05,880 --> 00:21:09,560 Speaker 1: around the country who feel the same way. And so that's, uh, 345 00:21:10,000 --> 00:21:12,840 Speaker 1: that's why we that's why we we formed right Side Pack. 346 00:21:13,080 --> 00:21:14,959 Speaker 1: The right Side Pack dot Com you can, you can 347 00:21:15,040 --> 00:21:16,719 Speaker 1: check us check us out at right side pack dot 348 00:21:16,760 --> 00:21:20,560 Speaker 1: com and uh and and and you know, we didn't 349 00:21:20,560 --> 00:21:22,400 Speaker 1: want to just talk about it anymore. We wanted to 350 00:21:22,440 --> 00:21:24,879 Speaker 1: take some action and and you know, we launched our 351 00:21:24,880 --> 00:21:27,639 Speaker 1: effort yesterday. Matt Borges is on the line. He's the 352 00:21:27,680 --> 00:21:30,719 Speaker 1: founder of right side Pack in the former Ohio Republican 353 00:21:30,760 --> 00:21:33,440 Speaker 1: Party chairman. So tell us about your strategy. What would 354 00:21:33,480 --> 00:21:38,560 Speaker 1: you guys be doing? Well, Um, if you're one of 355 00:21:38,560 --> 00:21:42,840 Speaker 1: those Republicans who uh seize Donald Trump as an existential 356 00:21:42,880 --> 00:21:46,119 Speaker 1: threat to the country and to the future of the party, 357 00:21:46,440 --> 00:21:49,399 Speaker 1: which is what I care about. Of course, we all 358 00:21:49,440 --> 00:21:51,679 Speaker 1: care about the country, and I care very much about 359 00:21:51,720 --> 00:21:55,440 Speaker 1: the party that I helped build into the juggernaut that 360 00:21:55,520 --> 00:21:59,320 Speaker 1: it was um uh for I've spent thirty years of 361 00:21:59,359 --> 00:22:00,960 Speaker 1: my life doing this. But if you're one of those 362 00:22:00,960 --> 00:22:04,959 Speaker 1: people who just who can abide the behavior and and 363 00:22:05,000 --> 00:22:08,600 Speaker 1: can abide having this individual as the standard bearer for 364 00:22:08,640 --> 00:22:12,280 Speaker 1: our party, then you really have four choices in November. 365 00:22:12,760 --> 00:22:15,320 Speaker 1: You could hold your nose and vote for Donald Trump anyway. 366 00:22:15,840 --> 00:22:18,520 Speaker 1: You could throw your vote away on a third party candidate, 367 00:22:18,560 --> 00:22:20,480 Speaker 1: you could leave it blank, or you could vote for 368 00:22:20,520 --> 00:22:22,439 Speaker 1: Joe Biden. And if you're one of those folks like 369 00:22:22,520 --> 00:22:26,240 Speaker 1: I am, who thinks that Donald Trump is an existential threat. Um, 370 00:22:26,320 --> 00:22:28,240 Speaker 1: the only one of those four that's actually going to 371 00:22:28,280 --> 00:22:29,840 Speaker 1: help get him out of the White House so that 372 00:22:29,880 --> 00:22:33,040 Speaker 1: we can begin to heal the country again and begin 373 00:22:33,080 --> 00:22:35,560 Speaker 1: to rebuild the party again would be to vote for 374 00:22:35,640 --> 00:22:38,280 Speaker 1: Joe Biden. And if you look at Joe Biden's record 375 00:22:38,800 --> 00:22:44,159 Speaker 1: on things like his decorum in office, uh, the the 376 00:22:44,200 --> 00:22:47,280 Speaker 1: type of self dealing that um that that the president 377 00:22:47,320 --> 00:22:51,280 Speaker 1: has done. Uh you know that that Um, we were 378 00:22:51,359 --> 00:22:54,960 Speaker 1: going crazy if we knew that that Democratic President Barack 379 00:22:54,960 --> 00:22:57,200 Speaker 1: Obama or Hill or or or or or Bill Clinton 380 00:22:57,320 --> 00:23:02,960 Speaker 1: had been um directing business to directing government business to 381 00:23:03,040 --> 00:23:06,960 Speaker 1: their personal properties. I mean, we would have absolutely gone ballistic. 382 00:23:07,000 --> 00:23:11,240 Speaker 1: But yet somehow that that seems to go und unchallenged 383 00:23:11,560 --> 00:23:14,919 Speaker 1: in Republican circles when Donald Trump does it but on 384 00:23:14,920 --> 00:23:19,240 Speaker 1: on states rights, on on spending, on living his life 385 00:23:19,240 --> 00:23:22,840 Speaker 1: as a person of faith, on um on on so 386 00:23:22,920 --> 00:23:27,400 Speaker 1: many other issues. Um, uh, respecting our allies and our 387 00:23:27,440 --> 00:23:32,399 Speaker 1: military alliances. Um, there's that there really is is a 388 00:23:33,160 --> 00:23:36,320 Speaker 1: opportunity to support a candidate like Joe Biden and feel 389 00:23:36,320 --> 00:23:39,600 Speaker 1: good about it. As a Republican. Had this been a 390 00:23:39,680 --> 00:23:43,720 Speaker 1: race where Bernie Sanders or Elizabeth Warren where the Democratic nominee, 391 00:23:43,720 --> 00:23:46,199 Speaker 1: no chance I would have been doing this. And almost 392 00:23:46,240 --> 00:23:47,960 Speaker 1: all of the people that I'm talking to now who 393 00:23:47,960 --> 00:23:50,240 Speaker 1: are helping with this effort or wanting to get involved 394 00:23:50,280 --> 00:23:52,200 Speaker 1: in this effort wouldn't have been involved in it either. 395 00:23:52,840 --> 00:23:57,400 Speaker 1: But um on on so many issues, Uh, Donald Trump 396 00:23:57,440 --> 00:23:59,960 Speaker 1: is kind of taking the party in the wrong direction, 397 00:24:00,280 --> 00:24:03,440 Speaker 1: and UM, we need a reset. And fortunately we've got 398 00:24:03,480 --> 00:24:06,720 Speaker 1: an option, and we can feel good about because more 399 00:24:06,760 --> 00:24:10,520 Speaker 1: than all of those things, what we really have is 400 00:24:10,560 --> 00:24:13,960 Speaker 1: a fundamentally good human being running for president on the 401 00:24:14,000 --> 00:24:17,040 Speaker 1: Democratic side. And there's not a person who could look 402 00:24:17,040 --> 00:24:18,640 Speaker 1: you in the eye with a with a straight face 403 00:24:18,680 --> 00:24:21,600 Speaker 1: and say that about the current president and the person 404 00:24:21,840 --> 00:24:24,960 Speaker 1: you know, who's who's who's running Donald Trump, who's running 405 00:24:25,560 --> 00:24:30,000 Speaker 1: for re election in November. Um. And unfortunately, we we 406 00:24:30,119 --> 00:24:35,000 Speaker 1: probably never thought we would really have to actually question that. Um, 407 00:24:35,080 --> 00:24:37,600 Speaker 1: but here we are. And uh, that's like I said, 408 00:24:37,640 --> 00:24:42,120 Speaker 1: why we find ourselves in this really extraordinary set of circumstances. 409 00:24:42,320 --> 00:24:45,960 Speaker 1: Matt Borges is on the line. He is d uh, 410 00:24:46,080 --> 00:24:49,240 Speaker 1: he is Matt Purgesses on the line. He's the founder 411 00:24:49,240 --> 00:24:52,040 Speaker 1: of Right Side Packed and former Ohio Republican Party chairman. 412 00:24:52,040 --> 00:24:53,560 Speaker 1: Matt let me ask you this, and we've got like 413 00:24:53,600 --> 00:24:55,560 Speaker 1: a minute and a halt left. When what do you 414 00:24:55,600 --> 00:24:57,120 Speaker 1: say to folks who say, you know, you know, these 415 00:24:57,160 --> 00:24:59,600 Speaker 1: are the swing voters. You know, I don't like witty tweets, 416 00:24:59,600 --> 00:25:01,280 Speaker 1: I don't like the tone, I don't like the rhetoric, 417 00:25:01,359 --> 00:25:03,479 Speaker 1: but you know, I'm with them on the economy. And 418 00:25:03,480 --> 00:25:06,440 Speaker 1: those are the folks that that I would assume you're 419 00:25:06,600 --> 00:25:08,920 Speaker 1: you're trying to win over to get on your side. 420 00:25:08,920 --> 00:25:11,840 Speaker 1: So what do you what do you say to those people? Well, 421 00:25:11,880 --> 00:25:14,959 Speaker 1: I mean, look, in our we're not going to have 422 00:25:15,000 --> 00:25:17,199 Speaker 1: somebody come to our doorstep if they don't already not 423 00:25:17,320 --> 00:25:20,560 Speaker 1: like Donald Trump. Um, and so I don't know that 424 00:25:20,560 --> 00:25:21,800 Speaker 1: we're going to be out there doing a whole lot 425 00:25:21,840 --> 00:25:24,240 Speaker 1: of persuading. There are other organizations out there that are 426 00:25:24,320 --> 00:25:27,399 Speaker 1: running a lot of very anti Donald Trump ads and 427 00:25:27,440 --> 00:25:30,080 Speaker 1: going on TV and and being uh, you know, the 428 00:25:30,080 --> 00:25:33,240 Speaker 1: web ads and radio and different things. That's really not 429 00:25:33,320 --> 00:25:35,520 Speaker 1: what we're going to do. We're we're taking the folks 430 00:25:35,520 --> 00:25:38,080 Speaker 1: that have already self identified as somebody who voted for 431 00:25:38,160 --> 00:25:40,240 Speaker 1: him in sixteen who does not intend to do it again, 432 00:25:40,640 --> 00:25:42,840 Speaker 1: and trying to complete that sale that if you want 433 00:25:42,880 --> 00:25:46,440 Speaker 1: them out, just holding your nose or just skipping that 434 00:25:46,520 --> 00:25:50,320 Speaker 1: that that spot on the on the ballot isn't good enough, um, 435 00:25:50,400 --> 00:25:53,960 Speaker 1: and reassuring them that there's a good alternative someone you 436 00:25:54,000 --> 00:25:56,440 Speaker 1: can feel good about voting for on the Democratic side, 437 00:25:56,440 --> 00:25:59,480 Speaker 1: which isn't always the case, but in this instance, we've 438 00:25:59,480 --> 00:26:03,879 Speaker 1: got a good person who's been responsible uh public official 439 00:26:03,920 --> 00:26:07,800 Speaker 1: and certainly I mean, I mean, there's no comparison between 440 00:26:07,840 --> 00:26:09,840 Speaker 1: the two when it comes to uh, you know, how 441 00:26:09,880 --> 00:26:13,439 Speaker 1: they how they've conducted themselves both in public life and 442 00:26:13,440 --> 00:26:17,399 Speaker 1: in private life. And and and so that's why we, 443 00:26:17,480 --> 00:26:19,240 Speaker 1: like I said, that's where we find ourselves in the 444 00:26:19,280 --> 00:26:22,280 Speaker 1: situation that we're in now. And uh, and our our 445 00:26:22,320 --> 00:26:24,800 Speaker 1: goal is going to be once we've identified those blocks 446 00:26:24,800 --> 00:26:27,280 Speaker 1: of voters in those key states, try to help make 447 00:26:27,320 --> 00:26:29,560 Speaker 1: sure they turn out and do what we need them 448 00:26:29,560 --> 00:26:32,480 Speaker 1: to do at the polls November. All right, Matt Borges, 449 00:26:32,560 --> 00:26:35,080 Speaker 1: we'll leave it there, Thanks for coming on, appreciate the time. 450 00:26:35,200 --> 00:26:38,160 Speaker 1: And coming up, we check in with Senator Marcia Blackburn, 451 00:26:38,240 --> 00:26:40,560 Speaker 1: a Republican from Tennessee. I'm Kevin Cereli. I'm the chief 452 00:26:40,560 --> 00:26:42,800 Speaker 1: Washington correspondent f for Bloomberg TV and Radio, and this 453 00:26:42,920 --> 00:26:51,160 Speaker 1: is Bloomberg. This is Bloomberg Sound On with Kevin Surreley 454 00:26:51,520 --> 00:26:55,159 Speaker 1: on Bloomberg and one oh five point seven F m 455 00:26:55,280 --> 00:26:58,439 Speaker 1: h D two. I'm Kevin Cereli, chief Washington correspondent from 456 00:26:58,440 --> 00:27:02,160 Speaker 1: Bloomberg Television and from Bloomberg Radio. And Mike Bender had 457 00:27:02,200 --> 00:27:05,240 Speaker 1: an interview with President Trump in a Wall Street Journal 458 00:27:05,280 --> 00:27:11,040 Speaker 1: interview that just posted this, uh, just within the last day, 459 00:27:11,480 --> 00:27:13,440 Speaker 1: uh and and the President was asked about whether or 460 00:27:13,480 --> 00:27:18,520 Speaker 1: not he believes their systemic racial unrest and systemic racism 461 00:27:18,520 --> 00:27:20,840 Speaker 1: in the country, and he said, quote, I'd like to 462 00:27:20,880 --> 00:27:24,840 Speaker 1: think there is not systemic racism, but unfortunately there probably 463 00:27:24,920 --> 00:27:28,320 Speaker 1: is some. I would also say it's very substantially less 464 00:27:28,680 --> 00:27:31,399 Speaker 1: than it used to be. This comes, of course, as 465 00:27:31,400 --> 00:27:35,880 Speaker 1: the President is set to have a campaign style rally 466 00:27:36,080 --> 00:27:40,000 Speaker 1: in Tulsa, Oklahoma, and it's gonna be a big rally focus. 467 00:27:40,119 --> 00:27:43,119 Speaker 1: I mean, there's gonna be lawmakers, their top administration officials 468 00:27:43,800 --> 00:27:46,600 Speaker 1: as well, and that's on Saturday tomorrow. I'm gonna bring 469 00:27:46,640 --> 00:27:49,159 Speaker 1: you my interview with Mark Lauder. Mark, of course, is 470 00:27:49,160 --> 00:27:51,840 Speaker 1: one of the top officials on the president's re election 471 00:27:52,520 --> 00:27:56,160 Speaker 1: camp Payne lots to get through what a dizzy day 472 00:27:56,160 --> 00:28:00,119 Speaker 1: here in the nation's capital, And um, I do you 473 00:28:00,600 --> 00:28:05,080 Speaker 1: want to also just highlight, uh, what the President did 474 00:28:05,080 --> 00:28:08,720 Speaker 1: today that Nick Wadhams was reporting that that that he 475 00:28:08,760 --> 00:28:12,280 Speaker 1: signed an executive order earlier today authorizing sanctions on the 476 00:28:12,320 --> 00:28:15,840 Speaker 1: International Criminal Court officials who take part in investigations at 477 00:28:15,840 --> 00:28:19,040 Speaker 1: the U S teams illegal or unauthorized. So that's that's 478 00:28:19,080 --> 00:28:22,439 Speaker 1: another big headline that came out today. But I began 479 00:28:22,480 --> 00:28:24,960 Speaker 1: my conversation with our next guest, Senator Marsha Blackburn, a 480 00:28:24,960 --> 00:28:29,880 Speaker 1: Republican from Tennessee, on the DOCCA ruling. Take a listen. Well, 481 00:28:29,960 --> 00:28:33,720 Speaker 1: it's disappointing to hear. I think Justice Thomas had it 482 00:28:33,800 --> 00:28:37,880 Speaker 1: about right, and you know, we'll move on moving on 483 00:28:37,920 --> 00:28:41,080 Speaker 1: to that. There have been some recent headlines pertaining to 484 00:28:41,200 --> 00:28:45,520 Speaker 1: Silicon Valley, Google's ban on conservative news sites, The Federalist 485 00:28:45,520 --> 00:28:47,800 Speaker 1: and zero Hedge. There's been a lot of debate in 486 00:28:47,840 --> 00:28:49,840 Speaker 1: the Republican Party how to handle this, How is your 487 00:28:49,840 --> 00:28:54,160 Speaker 1: Republicans handled this? It is time for Congress to do 488 00:28:54,280 --> 00:28:59,480 Speaker 1: something about privacy data mining, uh Section to thirty. You 489 00:28:59,600 --> 00:29:02,480 Speaker 1: and I have been talking about this for years now, 490 00:29:03,080 --> 00:29:06,760 Speaker 1: and this is Congress's responsibility to put the rules of 491 00:29:06,800 --> 00:29:10,960 Speaker 1: the road in place. Here is the problem is you 492 00:29:11,280 --> 00:29:15,280 Speaker 1: have these big tech companies that are hiding behind a 493 00:29:15,360 --> 00:29:17,200 Speaker 1: shield that was put in place when they were a 494 00:29:17,280 --> 00:29:21,800 Speaker 1: little bitty just starting out, when they had users that 495 00:29:21,880 --> 00:29:26,720 Speaker 1: were reposting content. Now, what of these big tech social 496 00:29:26,760 --> 00:29:31,000 Speaker 1: media companies done. They developed news news streams, But do 497 00:29:31,040 --> 00:29:33,760 Speaker 1: they want to play by the rules like Bloomberg does. 498 00:29:33,880 --> 00:29:37,280 Speaker 1: The answer is no. But they turn around and they 499 00:29:37,320 --> 00:29:42,120 Speaker 1: make a decision that the Federalists which is conservative content, 500 00:29:42,720 --> 00:29:48,640 Speaker 1: which they don't like. It doesn't fit their political philosophy. 501 00:29:49,880 --> 00:29:55,200 Speaker 1: So they go to the comments section for third party 502 00:29:55,320 --> 00:29:58,760 Speaker 1: postings on that and then they say we're going to 503 00:29:58,840 --> 00:30:06,040 Speaker 1: disallow this and not have that engagement. Here's the problem. 504 00:30:06,080 --> 00:30:11,400 Speaker 1: What has social media told us since its infancy. They've said, 505 00:30:12,000 --> 00:30:16,680 Speaker 1: we're the public square. We have been saying to them, well, 506 00:30:16,720 --> 00:30:20,520 Speaker 1: the public square has a cop on the beat to 507 00:30:20,720 --> 00:30:23,960 Speaker 1: keep order. They don't want to cop on the beat. 508 00:30:24,360 --> 00:30:28,440 Speaker 1: You look at YouTube, they let that run wild. You 509 00:30:28,720 --> 00:30:31,640 Speaker 1: look at things like the Federalist and they want to 510 00:30:31,640 --> 00:30:36,600 Speaker 1: go in and they want to take down third party comments, 511 00:30:36,880 --> 00:30:41,200 Speaker 1: that participation in public discourse. Ask you about this because 512 00:30:41,200 --> 00:30:43,240 Speaker 1: so many ballmakers on the left and the right have 513 00:30:43,360 --> 00:30:46,320 Speaker 1: raised concerns about breaking up big tech. But what can 514 00:30:46,440 --> 00:30:49,400 Speaker 1: actually get done. When you're talking to President Trump, what 515 00:30:49,440 --> 00:30:51,880 Speaker 1: do you say, realistically, here's what should be doing right. 516 00:30:51,880 --> 00:30:54,440 Speaker 1: And when I talked to President Trump, what I've discussed 517 00:30:54,480 --> 00:30:57,800 Speaker 1: is let's not do away with Section to thirty. Let's 518 00:30:57,880 --> 00:31:01,280 Speaker 1: reform Section to thirty. What we need to do is 519 00:31:01,320 --> 00:31:05,720 Speaker 1: set a threshold. If you are fifty million users and less, 520 00:31:05,800 --> 00:31:09,840 Speaker 1: you have Section to thirty protections. If you are more 521 00:31:09,920 --> 00:31:13,000 Speaker 1: than fifty million users, you're not going to have those 522 00:31:13,040 --> 00:31:18,760 Speaker 1: Section to thirty protections. Also, let's read look at these terms. 523 00:31:18,840 --> 00:31:23,760 Speaker 1: The terms inside to thirty are overly broad. Free speech 524 00:31:24,160 --> 00:31:28,960 Speaker 1: political speech should be protected. But when you talk about 525 00:31:29,040 --> 00:31:34,880 Speaker 1: abusive are unlawful. Let's look at what these terms are 526 00:31:35,480 --> 00:31:38,960 Speaker 1: and put more definition into what this is supposed to me. 527 00:31:39,480 --> 00:31:45,160 Speaker 1: Overly broad terms end up being right for abuse. Let's 528 00:31:45,160 --> 00:31:47,400 Speaker 1: put that definition in. Who should take a lead on this? 529 00:31:47,440 --> 00:31:49,800 Speaker 1: Should it be Commerce? Should it be another agency? Who 530 00:31:49,840 --> 00:31:51,600 Speaker 1: should be taking the lead on this? It should be 531 00:31:52,000 --> 00:31:57,200 Speaker 1: Judiciary and Commerce. They're going to have different components of 532 00:31:57,280 --> 00:32:00,760 Speaker 1: this bill, but it will be Chairman Graham to Airman Wicker. 533 00:32:01,400 --> 00:32:04,280 Speaker 1: Working with those of us at the Tech Task Force 534 00:32:04,720 --> 00:32:07,800 Speaker 1: and addressing this, we've been ready to move forward on this. 535 00:32:08,560 --> 00:32:12,080 Speaker 1: The Browser Act is there to address privacy, giving you 536 00:32:12,280 --> 00:32:17,080 Speaker 1: the ability to opt in, to shield your personal information, 537 00:32:17,440 --> 00:32:23,080 Speaker 1: to determine what you want the platform to have access to, 538 00:32:23,400 --> 00:32:28,160 Speaker 1: giving you that first right on opting in our opting 539 00:32:28,200 --> 00:32:32,080 Speaker 1: out that ought not to be the prerogative of the platform. 540 00:32:32,120 --> 00:32:34,200 Speaker 1: I want to go to you a political for a second, 541 00:32:34,200 --> 00:32:37,080 Speaker 1: because we can talk about domestic politics and which news 542 00:32:37,080 --> 00:32:39,760 Speaker 1: sites are conservative and which sites are liberal. But China 543 00:32:40,200 --> 00:32:42,760 Speaker 1: has really been also making a play for these big 544 00:32:42,800 --> 00:32:47,560 Speaker 1: tech companies and they have been less reactionary than ballmakers 545 00:32:47,640 --> 00:32:50,440 Speaker 1: and both parties would like. So how does this factor 546 00:32:50,520 --> 00:32:53,960 Speaker 1: in when you see China playing a role here. Well, 547 00:32:54,320 --> 00:32:56,920 Speaker 1: China has been in the middle of this from day one, 548 00:32:58,000 --> 00:33:03,120 Speaker 1: and they like the coziness with the big tech and 549 00:33:03,160 --> 00:33:06,239 Speaker 1: they continue to push that. And they're doing it for 550 00:33:06,280 --> 00:33:09,520 Speaker 1: a couple of reasons. When you look at sites like TikTok, 551 00:33:10,240 --> 00:33:13,440 Speaker 1: what is TikTok trying to do? They want to capture 552 00:33:13,480 --> 00:33:17,640 Speaker 1: those images. And when you look at some of these 553 00:33:17,680 --> 00:33:20,400 Speaker 1: sites where you put in your picture in it ages 554 00:33:20,440 --> 00:33:24,040 Speaker 1: you or changes you or whatever. What are they doing there? 555 00:33:24,080 --> 00:33:28,680 Speaker 1: They are capturing and holding your image. They're building a 556 00:33:28,800 --> 00:33:32,360 Speaker 1: database on you and you and I've talked many times 557 00:33:32,440 --> 00:33:35,680 Speaker 1: about who owns the virtual you, which is one of 558 00:33:35,680 --> 00:33:39,600 Speaker 1: the questions I think everybody should be asking when they're 559 00:33:39,640 --> 00:33:44,280 Speaker 1: talking about their presence online. China wants to own the 560 00:33:44,400 --> 00:33:48,000 Speaker 1: virtual you. They want to be able to replicate you 561 00:33:48,720 --> 00:33:55,400 Speaker 1: online and through the social media apps and sites. That 562 00:33:55,600 --> 00:33:58,440 Speaker 1: is how they're doing it. Whahwei is a way that 563 00:33:58,520 --> 00:34:02,520 Speaker 1: they're doing it, trying to get into debt diplomacy with 564 00:34:02,680 --> 00:34:05,600 Speaker 1: all of these in different countries and saying, hey, we 565 00:34:05,640 --> 00:34:08,680 Speaker 1: will provide you with the five gen network, we will 566 00:34:08,719 --> 00:34:12,120 Speaker 1: provide you with smart city technology, and by the way, 567 00:34:12,160 --> 00:34:16,160 Speaker 1: we own the data. And just a final question for you, sure, 568 00:34:16,360 --> 00:34:19,759 Speaker 1: what's the next period of time when this will come 569 00:34:19,840 --> 00:34:22,680 Speaker 1: up in terms of legislation or from give us a 570 00:34:22,719 --> 00:34:26,480 Speaker 1: timeline before the end of the summer. Yes, I think 571 00:34:26,520 --> 00:34:32,160 Speaker 1: this is an area that people are demanding some parody. Uh. 572 00:34:32,320 --> 00:34:35,720 Speaker 1: The President, to his credit, last year, did a summit 573 00:34:35,800 --> 00:34:39,600 Speaker 1: on social media and I was so pleased that he did. 574 00:34:40,160 --> 00:34:45,200 Speaker 1: And as people have used zoom more as they have 575 00:34:45,280 --> 00:34:48,760 Speaker 1: had their children working from home. They find it very 576 00:34:48,800 --> 00:34:55,319 Speaker 1: interesting that certain categories of information are easily accessed via 577 00:34:55,400 --> 00:34:59,680 Speaker 1: Google and others. By the time you get to page fifteen, 578 00:35:00,160 --> 00:35:03,239 Speaker 1: you're able to find something that you want, but you 579 00:35:03,280 --> 00:35:06,600 Speaker 1: have to really scroll down deep into it. So it 580 00:35:06,760 --> 00:35:12,920 Speaker 1: is not only the data mining and not only they're algorithms. 581 00:35:13,040 --> 00:35:17,000 Speaker 1: It is the prioritization of the information that is made 582 00:35:17,000 --> 00:35:22,560 Speaker 1: available to you. So, whether it's demonetizing zero hedge, whether 583 00:35:23,000 --> 00:35:26,920 Speaker 1: it is cutting off comments from the federalists, it is 584 00:35:27,040 --> 00:35:31,200 Speaker 1: time for Congress to do this. Social media and big 585 00:35:31,239 --> 00:35:36,200 Speaker 1: tech needs to realize if they say they're the public square, 586 00:35:36,719 --> 00:35:39,399 Speaker 1: then maybe it's time for us to be the cop 587 00:35:39,440 --> 00:35:42,560 Speaker 1: on the beat. There. That was Senator Marshall Blackburn, a 588 00:35:42,600 --> 00:35:46,040 Speaker 1: Republican from Tennessee, talking about a wide range of issues 589 00:35:46,360 --> 00:35:49,239 Speaker 1: from Silicon Valley to China. That does it for me. 590 00:35:49,239 --> 00:35:51,880 Speaker 1: I'm Kevin's really chief Washington correspondent for Bloomberg Television and 591 00:35:52,000 --> 00:35:55,440 Speaker 1: Bloomberg Radio, and I appreciate you sticking around and listening 592 00:35:56,120 --> 00:35:58,600 Speaker 1: to this. Tomorrow, we're gonna have Bark Ladder on at 593 00:35:58,640 --> 00:36:02,760 Speaker 1: It's Friday. Just be happy, Thank goodness, it'd be grateful 594 00:36:02,800 --> 00:36:05,279 Speaker 1: that it's Friday. We made it. We made it just 595 00:36:05,400 --> 00:36:08,040 Speaker 1: a couple more hours. Thanks for listening to Bloomberg