1 00:00:01,240 --> 00:00:05,080 Speaker 1: You're listening to Bloomberg You Sound on with Joe Matthew 2 00:00:05,400 --> 00:00:12,920 Speaker 1: on Bloomberg Radio. It's Wednesday. You are halfway through the week, 3 00:00:13,160 --> 00:00:15,480 Speaker 1: unless you are a U. S. Senator, in which case 4 00:00:15,520 --> 00:00:17,520 Speaker 1: there's a chance you're going to be working this weekend 5 00:00:17,520 --> 00:00:21,280 Speaker 1: wrapping up that bipartisan infrastructure bill. This is Sound On. 6 00:00:21,400 --> 00:00:24,520 Speaker 1: I am Emily Wilkins filling in for Joe today. Also 7 00:00:24,600 --> 00:00:27,400 Speaker 1: this hour, we're gonna head to Ohio, where two primary 8 00:00:27,480 --> 00:00:31,040 Speaker 1: races last night offer clues about what terms can look like. 9 00:00:31,160 --> 00:00:33,400 Speaker 1: And in just a minute, we'll be chatting with New 10 00:00:33,479 --> 00:00:37,320 Speaker 1: York State Senator Todd Kaminski about what happens next with 11 00:00:37,479 --> 00:00:40,640 Speaker 1: New York Governor Andrew Cuomo. Well, we're gonna head up 12 00:00:40,640 --> 00:00:43,080 Speaker 1: to New York now, a day after New York Attorney 13 00:00:43,159 --> 00:00:46,920 Speaker 1: General Leticia James announced a damning report on Governor Andrew 14 00:00:46,960 --> 00:00:51,200 Speaker 1: Cuomo's history of sexual harassment. Cuomo is still the governor 15 00:00:51,200 --> 00:00:54,120 Speaker 1: of New York, despite multiple calls for him to resign, 16 00:00:54,560 --> 00:00:57,840 Speaker 1: including from members of his own party as well as 17 00:00:58,000 --> 00:01:01,360 Speaker 1: former allies like President Joe by it In joining us 18 00:01:01,400 --> 00:01:04,160 Speaker 1: now to sort of breakdown what has happened and what 19 00:01:04,280 --> 00:01:08,040 Speaker 1: we are expecting next. Is Keisha Kluky, the New York 20 00:01:08,040 --> 00:01:11,759 Speaker 1: State correspondent for Bloomberg Industries. Keisha, thank you so much 21 00:01:11,840 --> 00:01:14,640 Speaker 1: for joining us today. I just wanted to start by 22 00:01:14,640 --> 00:01:16,320 Speaker 1: seeing if you could give us a bit of an 23 00:01:16,319 --> 00:01:19,200 Speaker 1: overview of the last twenty four hours. We heard that report. 24 00:01:19,560 --> 00:01:21,759 Speaker 1: We heard what a lot of people have chalked up 25 00:01:21,800 --> 00:01:26,760 Speaker 1: as a very awkward explanation, if you will, from Governor 26 00:01:26,880 --> 00:01:31,200 Speaker 1: Cuomo trying to defend himself. What's the mood in Albany 27 00:01:31,319 --> 00:01:36,120 Speaker 1: right now? I think the real mood is more of 28 00:01:36,120 --> 00:01:39,559 Speaker 1: a waiting game. How long can Governor Cuomo wait before 29 00:01:39,600 --> 00:01:42,600 Speaker 1: resigning or does the legislature need to move forward with 30 00:01:42,680 --> 00:01:47,680 Speaker 1: impeachment proceedings? UM? And So it's kind of been a 31 00:01:47,800 --> 00:01:51,480 Speaker 1: quiet today from the Cuomo administration. We haven't heard much 32 00:01:51,520 --> 00:01:55,080 Speaker 1: from them. UM. There's been rumors flying throughout the day 33 00:01:55,120 --> 00:01:58,680 Speaker 1: of you know, maybe an announcement, maybe not. He's likely 34 00:01:58,960 --> 00:02:04,520 Speaker 1: meeting with UM Consultanston and people who are close to him. Meanwhile, 35 00:02:04,600 --> 00:02:07,000 Speaker 1: we have people coming out more and more in drove 36 00:02:07,600 --> 00:02:11,720 Speaker 1: asking him to resign, calling on the state legislature to 37 00:02:12,400 --> 00:02:15,680 Speaker 1: just move forward with the impatiment proceedings. And most notably, 38 00:02:15,800 --> 00:02:19,679 Speaker 1: we saw the State Democratic Party chairman J Jacobs, who 39 00:02:19,720 --> 00:02:23,080 Speaker 1: stood behind Clomo throughout this um and said, you know, 40 00:02:23,160 --> 00:02:25,760 Speaker 1: let's really wait and see. He today came out and said, 41 00:02:25,840 --> 00:02:28,920 Speaker 1: you know what, Nope, we need him to resign. And 42 00:02:29,120 --> 00:02:33,280 Speaker 1: uh from reports, J Jacobs has uh asked Cuomo and 43 00:02:33,320 --> 00:02:37,600 Speaker 1: Cuomo said no. So it really is sort of all 44 00:02:37,680 --> 00:02:41,240 Speaker 1: on Cuomo at this point. Wow. Wow, I'm surprised, you know, 45 00:02:41,280 --> 00:02:43,920 Speaker 1: to to hear that Cuomo apparently said that he wouldn't 46 00:02:44,000 --> 00:02:47,120 Speaker 1: yet I'm given the amount of pressure that is on him, 47 00:02:47,160 --> 00:02:49,840 Speaker 1: the number of people that have called for him to resign. 48 00:02:50,200 --> 00:02:53,160 Speaker 1: I mean, at this point, a Kisha, what's even the 49 00:02:53,160 --> 00:02:55,480 Speaker 1: path forward here? I mean, if it seems like if 50 00:02:55,520 --> 00:02:58,800 Speaker 1: we've got close allies like J. Jacobs coming out and 51 00:02:58,880 --> 00:03:02,799 Speaker 1: calling on Cuomo to design, it seems almost inevitable that 52 00:03:02,840 --> 00:03:06,079 Speaker 1: he's going to be removed as governor. And so at 53 00:03:06,080 --> 00:03:10,760 Speaker 1: this point, what sort of the calculation going forward? Well, 54 00:03:10,800 --> 00:03:17,400 Speaker 1: there's actually already in investigation by the State Assembly Judiciary Committee, 55 00:03:18,000 --> 00:03:21,720 Speaker 1: which is the lower house in the States system, which 56 00:03:21,720 --> 00:03:25,720 Speaker 1: has been looking into just a host of issues ranging 57 00:03:25,800 --> 00:03:29,320 Speaker 1: from the sexual harassment to issues with UM you know, 58 00:03:29,360 --> 00:03:32,640 Speaker 1: bridge infrastructure, Cuomo's book deal and how he made the 59 00:03:32,639 --> 00:03:36,520 Speaker 1: money and potential misused public funds UM. The list goes 60 00:03:36,560 --> 00:03:40,120 Speaker 1: on and on UM. Now. They started that UM in 61 00:03:40,280 --> 00:03:44,600 Speaker 1: March and it's still ongoing. The State Assembly Speaker has 62 00:03:44,600 --> 00:03:48,360 Speaker 1: said they're going to take the AGS information into account. However, 63 00:03:48,400 --> 00:03:52,760 Speaker 1: they're going to continue to proceed UM as swiftly as possible. UH. 64 00:03:52,800 --> 00:03:55,120 Speaker 1: They have a meeting scheduled for Monday, and I think 65 00:03:55,160 --> 00:03:58,880 Speaker 1: we're expecting hopefully to hear some sort of timeline on that. 66 00:03:59,400 --> 00:04:03,120 Speaker 1: The state UH impeachment process, however, hasn't been used since 67 00:04:03,240 --> 00:04:07,840 Speaker 1: nineteen thirteen, and the constitution is pretty vague on how 68 00:04:08,040 --> 00:04:10,960 Speaker 1: it's how it works. It gives a lot of leeway 69 00:04:11,080 --> 00:04:15,120 Speaker 1: to the lawmakers. UH. Theoretically, the Assembly Committee at some 70 00:04:15,160 --> 00:04:18,640 Speaker 1: point would come out with their findings if they decide 71 00:04:18,680 --> 00:04:22,280 Speaker 1: to impeach Cuomo, they would then UH put those findings 72 00:04:22,279 --> 00:04:24,919 Speaker 1: to the body as a whole. The Assembly could vote 73 00:04:24,920 --> 00:04:28,280 Speaker 1: to impeach Cuomo, at which point the Lieutantic Governor would 74 00:04:28,279 --> 00:04:31,400 Speaker 1: take over as acting governor and it would then go 75 00:04:31,520 --> 00:04:34,640 Speaker 1: to the State Senate and the highest Court of Appeals 76 00:04:34,680 --> 00:04:37,679 Speaker 1: would kind of weigh in as as jury and judge 77 00:04:38,200 --> 00:04:41,279 Speaker 1: UM to decide whether or not you know to to 78 00:04:41,480 --> 00:04:47,360 Speaker 1: fully um convict Cuomo. Well, Kisha, it sounds like this 79 00:04:47,440 --> 00:04:49,680 Speaker 1: is going to potentially be a story that plays out 80 00:04:49,720 --> 00:04:52,080 Speaker 1: for a while. If Cuomo isn't going to resign, an 81 00:04:52,120 --> 00:04:56,000 Speaker 1: impeachment proceedings begin. Thank you for breaking that down for us. 82 00:04:56,200 --> 00:04:59,120 Speaker 1: That was Keisha Kluki, the New York State correspondent with 83 00:04:59,160 --> 00:05:02,479 Speaker 1: Bloomberg Engine Streets. Now we want to bring in another 84 00:05:03,080 --> 00:05:06,000 Speaker 1: figure in New York, big figure in Albany, New York 85 00:05:06,080 --> 00:05:10,240 Speaker 1: State Senate Senator Todd Kaminski. Uh. Senator, thank you so 86 00:05:10,320 --> 00:05:13,600 Speaker 1: much for taking the time and joining us today. Um. 87 00:05:13,680 --> 00:05:15,840 Speaker 1: You know you were called chatting with our colleague David 88 00:05:15,880 --> 00:05:18,839 Speaker 1: Weston earlier today and you said that the report on 89 00:05:18,920 --> 00:05:23,839 Speaker 1: Como was damning and nauseating. You also told David Weston 90 00:05:23,960 --> 00:05:27,280 Speaker 1: that you don't know yet when the impeachment proceedings might begin, 91 00:05:27,480 --> 00:05:30,440 Speaker 1: but is there any doubt at this time that the 92 00:05:30,440 --> 00:05:34,040 Speaker 1: New York Assembly will remove him if Governor Cuomo doesn't 93 00:05:34,080 --> 00:05:38,240 Speaker 1: resign on his own. Yeah, there's there's no doubt that 94 00:05:38,279 --> 00:05:41,520 Speaker 1: they are going to act to impeach, and impeaching would 95 00:05:41,520 --> 00:05:45,599 Speaker 1: by law trigger his immediate temporary removal until such time 96 00:05:45,600 --> 00:05:48,640 Speaker 1: as the trial has concluded. Every Assembly re member. I've 97 00:05:48,640 --> 00:05:53,080 Speaker 1: talked to you of all different stripes um geographically, party wise, 98 00:05:53,839 --> 00:05:56,440 Speaker 1: have all said that the impeachment is the only path 99 00:05:56,480 --> 00:05:58,640 Speaker 1: that they are prepared to take. So I expect that 100 00:05:58,680 --> 00:06:01,520 Speaker 1: to happen swiftly and frankly, in light of what other 101 00:06:01,600 --> 00:06:04,080 Speaker 1: prosecutor's offices are doing around the state, from Albany to 102 00:06:04,120 --> 00:06:07,080 Speaker 1: where I live in NASA. You know, I don't mean 103 00:06:07,120 --> 00:06:10,200 Speaker 1: to make light of it, but impeachment maybe, you know, uh, 104 00:06:10,400 --> 00:06:12,440 Speaker 1: not on the top of the list of the governor's 105 00:06:12,440 --> 00:06:14,320 Speaker 1: biggest concerns right now. There's a lot of other things 106 00:06:14,320 --> 00:06:17,039 Speaker 1: happening right now, but impeachment looks in them. Yeah. I know. 107 00:06:17,120 --> 00:06:19,000 Speaker 1: We were just hearing there from Keisha sort of how 108 00:06:19,000 --> 00:06:21,560 Speaker 1: there were all these other things that were being investigated 109 00:06:21,720 --> 00:06:24,040 Speaker 1: into the governor from his book deals. I know there's 110 00:06:24,040 --> 00:06:27,599 Speaker 1: still a lot of concern about the nursing homes uh center. 111 00:06:27,800 --> 00:06:30,320 Speaker 1: I'm a little confused. I mean, I'm not a New Yorker, 112 00:06:30,360 --> 00:06:32,680 Speaker 1: I'm not from New York, but I find it really 113 00:06:32,720 --> 00:06:36,680 Speaker 1: surprising that Andrew Como has not yet resigned after so 114 00:06:36,720 --> 00:06:39,320 Speaker 1: many calls to do so, after as you just point out, 115 00:06:39,360 --> 00:06:41,880 Speaker 1: it seems inevitable. I mean, why, why has he not 116 00:06:42,080 --> 00:06:44,240 Speaker 1: done that yet? And do you think that's something we 117 00:06:44,279 --> 00:06:47,640 Speaker 1: should expect him to do either later today or at 118 00:06:47,680 --> 00:06:51,880 Speaker 1: some point this week. I like he's a political brawler, 119 00:06:52,120 --> 00:06:54,120 Speaker 1: and I don't think he's going to give up and 120 00:06:54,200 --> 00:06:58,400 Speaker 1: quit until there's absolutely zero daylight and zero chance left 121 00:06:58,640 --> 00:07:01,440 Speaker 1: for survival. And so to what that means to me 122 00:07:01,560 --> 00:07:04,120 Speaker 1: is if the Assembly is moving to impeach and there's 123 00:07:04,120 --> 00:07:05,840 Speaker 1: a vote at four o'clock to do that, and by 124 00:07:05,880 --> 00:07:09,040 Speaker 1: three thirty he's not able to change anyone's vote. You know, 125 00:07:09,320 --> 00:07:11,680 Speaker 1: three thirty one might be a change of opinion in 126 00:07:11,760 --> 00:07:14,760 Speaker 1: his mind as to what is left, but he's not 127 00:07:14,800 --> 00:07:16,480 Speaker 1: going I don't think anyone should hold their breath that 128 00:07:16,560 --> 00:07:20,920 Speaker 1: he's going to go anywhere unless the Assembly moves swiftly 129 00:07:20,960 --> 00:07:23,160 Speaker 1: and strongly. I've urged them to do that. It looks 130 00:07:23,200 --> 00:07:24,800 Speaker 1: like they are doing that. Um, you know, what that 131 00:07:24,840 --> 00:07:27,600 Speaker 1: timeline is is up to them. I hope they move expeditiously, 132 00:07:28,120 --> 00:07:30,320 Speaker 1: but it's gonna it's gonna take strong action on their books. 133 00:07:31,080 --> 00:07:32,640 Speaker 1: I mean, you said, do you think they'll move swiftly 134 00:07:32,640 --> 00:07:36,280 Speaker 1: and expeditiously? Is this something we could see begin within 135 00:07:36,360 --> 00:07:38,600 Speaker 1: the next week with the next couple of weeks. I mean, 136 00:07:38,680 --> 00:07:41,800 Speaker 1: how I expect news to come out of the Assembly 137 00:07:41,800 --> 00:07:44,280 Speaker 1: Monday when their committee meets. They will form you know, 138 00:07:44,360 --> 00:07:46,360 Speaker 1: they will formulate their plan, and I think one of 139 00:07:46,360 --> 00:07:48,200 Speaker 1: the big questions is what are they going to be 140 00:07:48,280 --> 00:07:51,160 Speaker 1: relying on. I'm urging them, as others are, to just 141 00:07:51,280 --> 00:07:55,120 Speaker 1: rely on the Attorney General's report. There certainly is fertile 142 00:07:55,200 --> 00:07:57,400 Speaker 1: ground for to look at other things that they were doing. 143 00:07:58,000 --> 00:08:02,120 Speaker 1: But I think what the Attorney General presented was thorough, comprehensive, 144 00:08:02,280 --> 00:08:06,480 Speaker 1: professional and overwhelming. The evidence was overwhelmingly danning, So I 145 00:08:06,520 --> 00:08:09,800 Speaker 1: think that should mean the Assembly should only have to say, 146 00:08:09,960 --> 00:08:12,360 Speaker 1: here's the ag S report, we're now putting into evidence. 147 00:08:12,600 --> 00:08:14,560 Speaker 1: This is what we're relying on. We're now moving forward. 148 00:08:15,160 --> 00:08:16,680 Speaker 1: I also wanted to a step back and look at 149 00:08:16,680 --> 00:08:20,160 Speaker 1: some of the broader concerns with Governor Cuomo in regards 150 00:08:20,160 --> 00:08:23,080 Speaker 1: to the other investigations that are going on with him. 151 00:08:23,280 --> 00:08:26,840 Speaker 1: I mean, if he is removed from the governorship, do 152 00:08:26,960 --> 00:08:31,000 Speaker 1: those investigations need to continue into various deals he's made 153 00:08:31,000 --> 00:08:34,600 Speaker 1: and how he's handled the COVID nineteen pandemic. You know, 154 00:08:34,640 --> 00:08:36,720 Speaker 1: if you are a U. S. Attorney's office, like I 155 00:08:36,800 --> 00:08:39,400 Speaker 1: used to work in or a prosecutor's office. I was 156 00:08:39,440 --> 00:08:41,040 Speaker 1: also an a d A. I don't think that should 157 00:08:41,080 --> 00:08:45,000 Speaker 1: be a concern. There's evidence, and if there is evidence 158 00:08:45,040 --> 00:08:49,920 Speaker 1: of wrongdoing, general criminal wrongdoing, or or wrongdoing with respect 159 00:08:49,920 --> 00:08:53,240 Speaker 1: to sexual assault, you pursue the evidence, you know. I 160 00:08:53,240 --> 00:08:56,880 Speaker 1: don't think it is just for a prosecutor's office to say, 161 00:08:56,920 --> 00:08:58,800 Speaker 1: you know, we we were going to go do this. 162 00:08:58,920 --> 00:09:00,920 Speaker 1: The evidence is there, but now that we you know, 163 00:09:01,000 --> 00:09:02,480 Speaker 1: now that it's not going to result in the in 164 00:09:02,520 --> 00:09:05,280 Speaker 1: the end of his governorship, We're not going to move forward. 165 00:09:05,400 --> 00:09:07,760 Speaker 1: You know that. That doesn't strike me as just and 166 00:09:07,800 --> 00:09:09,520 Speaker 1: I don't think those officers are proceeding in that way. 167 00:09:09,559 --> 00:09:11,679 Speaker 1: I certainly haven't heard that the U. S. Attorney's Office 168 00:09:12,280 --> 00:09:15,320 Speaker 1: UM is doing anything differently, and frankly, the d a's 169 00:09:15,400 --> 00:09:18,079 Speaker 1: offices from Albany, West, Schuster, Manhattan and Nasso have done 170 00:09:18,080 --> 00:09:21,760 Speaker 1: the opposite. They're moving forward. I'm also wondering a little 171 00:09:21,800 --> 00:09:25,560 Speaker 1: bit what the attitude and just the atmosphere is like 172 00:09:25,800 --> 00:09:29,040 Speaker 1: among you and your colleagues. I mean, I remember around 173 00:09:29,040 --> 00:09:31,960 Speaker 1: this time last year when the pandemic started. You know, 174 00:09:32,080 --> 00:09:35,400 Speaker 1: Governor Cuomo was being upheld as someone who was really 175 00:09:35,840 --> 00:09:40,319 Speaker 1: a voice of clarity and information during a pretty confusing time. 176 00:09:40,600 --> 00:09:44,000 Speaker 1: His daily pressors were, you know, a big source of news. 177 00:09:44,040 --> 00:09:46,880 Speaker 1: People listened into them. And now it seems like just 178 00:09:46,960 --> 00:09:49,880 Speaker 1: a year later, he's now done a complete one eighty 179 00:09:50,080 --> 00:09:53,520 Speaker 1: sort of in public opinion for for New York Democrats. 180 00:09:53,559 --> 00:09:56,599 Speaker 1: How have you guys sort of handled that that that reversal? 181 00:09:56,760 --> 00:10:00,800 Speaker 1: What how are people start thinking and handling that? I look, 182 00:10:00,840 --> 00:10:04,920 Speaker 1: I I think that the news of these scandals have 183 00:10:05,120 --> 00:10:06,880 Speaker 1: now been around for a long time. I think we're 184 00:10:06,920 --> 00:10:09,720 Speaker 1: reading for the fact finding report that has no come 185 00:10:10,160 --> 00:10:12,720 Speaker 1: and I think people are rendering judgment accordingly based on 186 00:10:12,720 --> 00:10:14,960 Speaker 1: the overwhelming nature of the facts. I do think it 187 00:10:15,000 --> 00:10:19,280 Speaker 1: is particularly stunning that the governor had all this attention 188 00:10:19,360 --> 00:10:22,440 Speaker 1: on him, like the whole country was watching him, and 189 00:10:22,480 --> 00:10:24,360 Speaker 1: then you know, when the camera lights would go out, 190 00:10:24,520 --> 00:10:26,560 Speaker 1: will go off, you know, according this report, he would 191 00:10:26,559 --> 00:10:29,800 Speaker 1: then go back into his office and kind as sexual harassment. 192 00:10:30,280 --> 00:10:34,040 Speaker 1: So I think it's just a stunning display of feeling 193 00:10:34,080 --> 00:10:37,040 Speaker 1: untouchable or above the law, that when you know everyone 194 00:10:37,160 --> 00:10:39,200 Speaker 1: is looking at your every move because you've become so 195 00:10:39,320 --> 00:10:41,880 Speaker 1: famous and so central to the you know, story of 196 00:10:41,920 --> 00:10:43,880 Speaker 1: what's happening in the country, that you still act this way. 197 00:10:44,120 --> 00:10:45,640 Speaker 1: You know, there's no excuse to act this way, ever, 198 00:10:45,720 --> 00:10:47,480 Speaker 1: but to do it under those circumstances, I think is 199 00:10:47,480 --> 00:10:50,280 Speaker 1: a straw drop. Sure, and and I know we only 200 00:10:50,280 --> 00:10:52,280 Speaker 1: have about a minute or so left, But one of 201 00:10:52,280 --> 00:10:54,120 Speaker 1: the things we always try and do in the news 202 00:10:54,160 --> 00:10:57,480 Speaker 1: is be thinking one step ahead. Um, certainly, you know 203 00:10:57,480 --> 00:10:59,360 Speaker 1: there might be a bit of a process here in 204 00:10:59,400 --> 00:11:02,480 Speaker 1: regards to removing Governor Cuomo if he does not resign. 205 00:11:02,920 --> 00:11:07,200 Speaker 1: But are people already thinking about who might replace Governor Cuomo? 206 00:11:07,360 --> 00:11:09,800 Speaker 1: Is they're going to be an election, Is they're going 207 00:11:09,840 --> 00:11:12,000 Speaker 1: to be a sort of a chance for other people 208 00:11:12,040 --> 00:11:15,559 Speaker 1: to step up into a spot. Well, I mean, by law, 209 00:11:15,679 --> 00:11:18,800 Speaker 1: the lieutenant governor, Kathy Hogle would be the governor and 210 00:11:18,960 --> 00:11:21,480 Speaker 1: she would then get to a point lieutenant governor. So 211 00:11:21,640 --> 00:11:24,760 Speaker 1: I think they're Um, you know, she's been around the while, 212 00:11:24,880 --> 00:11:26,400 Speaker 1: lots of people know where. She spends a lot of 213 00:11:26,440 --> 00:11:28,439 Speaker 1: time down where I am on Long Island. I think 214 00:11:28,480 --> 00:11:30,760 Speaker 1: many people like her and find her to be competent. 215 00:11:30,920 --> 00:11:33,680 Speaker 1: I certainly do. Um, But I think first things for us, 216 00:11:33,679 --> 00:11:35,360 Speaker 1: I think it's time to Assembly to act, and then 217 00:11:35,360 --> 00:11:38,440 Speaker 1: everything else will follow. That was New York State Senator 218 00:11:38,640 --> 00:11:42,439 Speaker 1: Todd Kaminski, Senator, thank you again so much for joining us. 219 00:11:42,679 --> 00:11:44,559 Speaker 1: In a minute here, we're going to continue to break 220 00:11:44,559 --> 00:11:47,880 Speaker 1: down what's going on in New York and elsewhere throughout 221 00:11:47,920 --> 00:11:51,800 Speaker 1: the country, including Ohio and what's up with the infrastructure bill. 222 00:11:52,440 --> 00:12:01,440 Speaker 1: I'm Emily Wilkins. This is Bloomberg. You listening to Bloomberg 223 00:12:01,679 --> 00:12:08,400 Speaker 1: Sound On with Joe Matthew on Bloomberg Radio. Good afternoon. 224 00:12:08,520 --> 00:12:12,040 Speaker 1: This is Emily Wilkins, your guest host today on sound On. 225 00:12:12,520 --> 00:12:15,800 Speaker 1: What we just heard from New York State Senator Todd 226 00:12:15,840 --> 00:12:20,040 Speaker 1: Kaminsky on what the future of Governor Andrew Cuomo looks like, 227 00:12:20,240 --> 00:12:24,160 Speaker 1: and according to him, it's either Cuomo resigns or the 228 00:12:24,240 --> 00:12:28,360 Speaker 1: State Assembly goes ahead and impeaches Cuomo, which, unlike DC, 229 00:12:28,880 --> 00:12:32,360 Speaker 1: means that Cuomo will actually be removed from office. We 230 00:12:32,440 --> 00:12:35,319 Speaker 1: now want to break it down further with Bloomberg contributors 231 00:12:35,440 --> 00:12:39,200 Speaker 1: Rick Davis and Jennie Shawn Zano. Thank you both for 232 00:12:39,200 --> 00:12:42,480 Speaker 1: for joining me today. I wanted to start off with 233 00:12:42,760 --> 00:12:45,800 Speaker 1: one of the interesting things that we heard from Senator Kaminski. 234 00:12:46,240 --> 00:12:50,040 Speaker 1: That's just that he doesn't expect Cuomo to really back 235 00:12:50,240 --> 00:12:53,240 Speaker 1: down until the very last minute that he's not going 236 00:12:53,280 --> 00:12:57,000 Speaker 1: to resign until there aren't sort of any other options left. 237 00:12:57,600 --> 00:13:00,280 Speaker 1: But Jennie, is there any chance at this point that 238 00:13:00,400 --> 00:13:04,400 Speaker 1: Cuomo will remain as as governor? Given the number of 239 00:13:04,400 --> 00:13:06,280 Speaker 1: people who have come out and a post him, it 240 00:13:06,320 --> 00:13:09,000 Speaker 1: almost doesn't seem like he has any sort of path 241 00:13:09,080 --> 00:13:12,400 Speaker 1: forward to remain in power. Yeah. I mean, I was 242 00:13:12,440 --> 00:13:15,160 Speaker 1: struck in your interview with Senator Kaminsky when he said 243 00:13:15,200 --> 00:13:19,520 Speaker 1: there's no doubt he will be impeached and temporarily removed. Um. 244 00:13:19,559 --> 00:13:22,640 Speaker 1: I suppose in life there's always a chance, but it 245 00:13:22,760 --> 00:13:26,360 Speaker 1: is begetting slimmer by the moment that he can overcome 246 00:13:26,440 --> 00:13:30,119 Speaker 1: this at this point. But I do agree with Senator Kaminsky, 247 00:13:30,160 --> 00:13:32,280 Speaker 1: and I'm a New Yorker. I live in New York, 248 00:13:32,280 --> 00:13:35,840 Speaker 1: and I followed you know, Governor Cuomo throughout all three 249 00:13:35,880 --> 00:13:40,240 Speaker 1: of his runs for office, um, and his service as governor. 250 00:13:40,679 --> 00:13:43,640 Speaker 1: He is a political animal. Let's not forget. He has 251 00:13:43,720 --> 00:13:46,840 Speaker 1: basically been in Albany since he was a teenager, first 252 00:13:46,880 --> 00:13:49,880 Speaker 1: with his father, then serving in hud then coming back 253 00:13:49,920 --> 00:13:53,480 Speaker 1: as Attorney general. He knows Albany well. He is a 254 00:13:53,520 --> 00:13:56,199 Speaker 1: political animal, and he will fight this to the end. 255 00:13:56,280 --> 00:13:58,080 Speaker 1: So I do think it is going to take not 256 00:13:58,200 --> 00:14:01,000 Speaker 1: just the impeachment, but it is going to take a 257 00:14:01,040 --> 00:14:04,000 Speaker 1: guilty verdict in the trial to get him out of 258 00:14:04,040 --> 00:14:06,720 Speaker 1: that office. If you know, I don't suspect he will 259 00:14:07,000 --> 00:14:09,760 Speaker 1: resign unless that seems like it is going to happen 260 00:14:09,800 --> 00:14:13,200 Speaker 1: any minute, and then he will may consider resigning, but 261 00:14:13,440 --> 00:14:17,040 Speaker 1: I think it's highly unlikely. And Rick, I also wanted 262 00:14:17,080 --> 00:14:18,960 Speaker 1: to to ask you a little bit as well. You know, 263 00:14:19,320 --> 00:14:22,400 Speaker 1: New York they've got sort of everything going on now 264 00:14:22,440 --> 00:14:25,280 Speaker 1: with Cuomo. But even if for somehow Cuomo survives, that 265 00:14:25,400 --> 00:14:29,360 Speaker 1: doesn't sound very likely. There's a governor's race in two 266 00:14:29,880 --> 00:14:33,840 Speaker 1: and you know New York they have It's Austin thought 267 00:14:33,840 --> 00:14:36,320 Speaker 1: of as a as a very solid blue state, very 268 00:14:36,320 --> 00:14:40,120 Speaker 1: solidly democratic state, but they have had Republican governors in 269 00:14:40,120 --> 00:14:43,360 Speaker 1: the past. And I'm wondering, sort of, given Cuomo's conduct 270 00:14:43,400 --> 00:14:45,720 Speaker 1: and the scandal around him at this point, could this 271 00:14:45,840 --> 00:14:49,560 Speaker 1: give Republicans and opening to win the New York governorship 272 00:14:49,560 --> 00:14:54,680 Speaker 1: in two Well, it for sure gives a Republicans an opening, 273 00:14:54,760 --> 00:14:57,680 Speaker 1: right and and we would then have to nominate someone 274 00:14:57,880 --> 00:15:00,080 Speaker 1: in the mold of sort of a George Pataki was 275 00:15:00,160 --> 00:15:03,800 Speaker 1: the last Republican governor who can appeal to moderate voters 276 00:15:04,320 --> 00:15:06,800 Speaker 1: but still get the base in the upstate, and so 277 00:15:07,480 --> 00:15:09,760 Speaker 1: it does create an opening, no question about it, Emily 278 00:15:09,880 --> 00:15:12,880 Speaker 1: that Republicans right now are looking at this as an 279 00:15:12,880 --> 00:15:16,080 Speaker 1: opportunity to try and pick up an important state like 280 00:15:16,240 --> 00:15:20,000 Speaker 1: New York. Um. But um, right now, I think all 281 00:15:20,040 --> 00:15:23,920 Speaker 1: eyes are on Cuomo. The worst it gets, the better 282 00:15:23,960 --> 00:15:26,960 Speaker 1: it is for Republicans. Uh. And I would say, as 283 00:15:27,040 --> 00:15:30,120 Speaker 1: Genie mentioned, I think that Cuomo is in a position 284 00:15:30,120 --> 00:15:32,320 Speaker 1: of trying to make it as hard on everybody else 285 00:15:32,360 --> 00:15:35,400 Speaker 1: as he can while he clings to power for you know, 286 00:15:35,520 --> 00:15:38,800 Speaker 1: another few months, and it sounds like it's not just 287 00:15:38,920 --> 00:15:41,560 Speaker 1: the sexual harassment report, but a number of other things, 288 00:15:42,040 --> 00:15:45,240 Speaker 1: Uh that could not bode well for for Governor Cuomo 289 00:15:45,360 --> 00:15:48,080 Speaker 1: or or for Democrats. I also do want to take 290 00:15:48,120 --> 00:15:50,560 Speaker 1: a minute because obviously it is still such a major 291 00:15:50,680 --> 00:15:53,800 Speaker 1: story and touch on the latest with the COVID nine 292 00:15:53,840 --> 00:15:58,640 Speaker 1: team virus. You are starting to hear frustration from officials 293 00:15:58,720 --> 00:16:04,000 Speaker 1: over individuals who aren't getting vaccinated, who are pushing against vaccines. 294 00:16:04,600 --> 00:16:08,080 Speaker 1: New Jersey Governor Phil Murphy lashed out at some folks 295 00:16:08,120 --> 00:16:11,480 Speaker 1: today who were refusing to get the coronavirus vaccine. He 296 00:16:11,600 --> 00:16:14,400 Speaker 1: was in the middle of talking about a completely unrelated 297 00:16:14,440 --> 00:16:18,640 Speaker 1: topic in Union City when he noticed protesters at his event. 298 00:16:19,040 --> 00:16:24,080 Speaker 1: We're carrying signs objecting to mandatory vaccinations. These folks back 299 00:16:24,120 --> 00:16:27,560 Speaker 1: there have lost there. You've lost your months, you know, 300 00:16:27,760 --> 00:16:30,240 Speaker 1: the ultimate knuckleheads, and because of what you said, are 301 00:16:30,280 --> 00:16:34,840 Speaker 1: saying it's standing for people are losing their life. It's 302 00:16:34,960 --> 00:16:38,200 Speaker 1: obviously a very, very fiery right there. But it kind 303 00:16:38,200 --> 00:16:40,760 Speaker 1: of goes in line with what we heard from President 304 00:16:41,240 --> 00:16:45,040 Speaker 1: Biden earlier this week, who said that governors who were 305 00:16:45,160 --> 00:16:47,640 Speaker 1: banning mask mandates need to get out of the way 306 00:16:47,760 --> 00:16:52,120 Speaker 1: for businesses and for schools. I mean, Jennie, as we 307 00:16:52,160 --> 00:16:54,480 Speaker 1: sort of see some of these tensions at a boiling 308 00:16:54,520 --> 00:16:58,840 Speaker 1: point over vaccines, is there any sort of concern about 309 00:16:59,040 --> 00:17:01,960 Speaker 1: how that's going to impact those who aren't vaccinated and 310 00:17:02,000 --> 00:17:05,240 Speaker 1: don't want to get vaccinated, will outburst like this ultimately 311 00:17:05,760 --> 00:17:09,359 Speaker 1: hurt or or help the cause here? You know, I 312 00:17:09,960 --> 00:17:12,840 Speaker 1: was so glad you played that clip. It's quite stunning, 313 00:17:12,880 --> 00:17:15,800 Speaker 1: and I can understand. You can hear it in Governor 314 00:17:15,880 --> 00:17:19,240 Speaker 1: Murphy's voice, the frustration he feels. We've heard it from 315 00:17:19,240 --> 00:17:22,360 Speaker 1: democratic governors, We've heard it from Republican governors. As well. 316 00:17:22,400 --> 00:17:25,919 Speaker 1: I think back to Alabama Governor k i Vy, you know, 317 00:17:26,320 --> 00:17:29,480 Speaker 1: and and her her statement you know, a few weeks ago, 318 00:17:29,520 --> 00:17:32,240 Speaker 1: I guess it was or a few days ago. But 319 00:17:32,480 --> 00:17:36,359 Speaker 1: that said, I don't think this is productive. What we 320 00:17:36,480 --> 00:17:39,359 Speaker 1: know from the research on people who are concerned about 321 00:17:39,400 --> 00:17:43,600 Speaker 1: getting vaccinated is they're not responding well to either threats 322 00:17:44,080 --> 00:17:47,560 Speaker 1: nor to criticism like that. They want to hear from 323 00:17:47,600 --> 00:17:50,639 Speaker 1: people they know and they trust, they want their views 324 00:17:50,680 --> 00:17:53,119 Speaker 1: to be respected, So, you know, I'm not sure this 325 00:17:53,200 --> 00:17:56,280 Speaker 1: is particularly productive on the part of the governor, although 326 00:17:56,280 --> 00:17:58,679 Speaker 1: I can understand this frustration because the last thing he 327 00:17:58,840 --> 00:18:00,760 Speaker 1: or any of us want is to go back to 328 00:18:00,800 --> 00:18:03,760 Speaker 1: where we're a year ago shutting down businesses, and I 329 00:18:03,800 --> 00:18:06,040 Speaker 1: think the governors and the mayors are trying very hard 330 00:18:06,080 --> 00:18:09,480 Speaker 1: to avoid that absolutely, and we're already seen so much 331 00:18:09,520 --> 00:18:12,040 Speaker 1: of that right now with the mask mandates that have 332 00:18:12,119 --> 00:18:14,640 Speaker 1: been coming back, with now hearing that they are going 333 00:18:14,680 --> 00:18:18,199 Speaker 1: to be mandatory vaccinations at certain companies as well as 334 00:18:18,320 --> 00:18:21,600 Speaker 1: York announcing them for certain areas as well, So it 335 00:18:21,640 --> 00:18:25,520 Speaker 1: definitely seems like there's still a group of individuals who 336 00:18:25,600 --> 00:18:29,640 Speaker 1: aren't vaccinated and who are very much against vaccinations were 337 00:18:29,720 --> 00:18:31,920 Speaker 1: coming up next, we're going to go to Ohio, take 338 00:18:31,920 --> 00:18:34,679 Speaker 1: a look at two special elections that happened there and 339 00:18:34,720 --> 00:18:36,760 Speaker 1: what they can tell us about the mid terms. I'm 340 00:18:36,800 --> 00:18:46,240 Speaker 1: Emily Wilkins. This is Bloomberg Broadcasting live from our nation's capital, 341 00:18:46,280 --> 00:18:51,719 Speaker 1: Bloomberg to New York, Bloomberg eleven, Frio to San Francisco, 342 00:18:51,840 --> 00:18:56,560 Speaker 1: Bloomberg nine six to the country, Sirius XM Channel one, 343 00:18:56,840 --> 00:19:00,000 Speaker 1: and around the globe, the Bloomberg Business app and Bloomberg 344 00:19:00,080 --> 00:19:05,160 Speaker 1: Radio dot Com. This is Bloomberg Sound On with Joe Matthew. 345 00:19:07,119 --> 00:19:10,280 Speaker 1: It's not two yet, but those of us in d C, No, 346 00:19:10,560 --> 00:19:14,480 Speaker 1: it is always election season. We break down some special 347 00:19:14,520 --> 00:19:18,639 Speaker 1: primary elections from last night, getting details about what the 348 00:19:19,560 --> 00:19:23,440 Speaker 1: mid terms could look like. Well, last night, both Democrats 349 00:19:23,440 --> 00:19:27,600 Speaker 1: and Republicans had their eyes on Ohio and two primary 350 00:19:27,720 --> 00:19:30,800 Speaker 1: races for special elections that could offer a clue as 351 00:19:30,840 --> 00:19:34,560 Speaker 1: to how the mid term primaries will go when they 352 00:19:34,640 --> 00:19:38,719 Speaker 1: begin next spring and summer. To go through what we 353 00:19:38,800 --> 00:19:42,480 Speaker 1: saw and really break it down, we're here with Martiniquette, 354 00:19:42,800 --> 00:19:46,679 Speaker 1: Bloomberg National political correspondent. Mark, thank you so much for 355 00:19:46,760 --> 00:19:50,960 Speaker 1: joining us today. Let's start in Columbus, where coal industry 356 00:19:50,960 --> 00:19:55,000 Speaker 1: consultant and lobbyist Mike Carry defeated ten other candidates in 357 00:19:55,000 --> 00:19:59,320 Speaker 1: a Republican primary for a seat formerly held by Republicans 358 00:19:59,320 --> 00:20:02,119 Speaker 1: Steve S. Drive Hers. It was a win not only 359 00:20:02,200 --> 00:20:05,680 Speaker 1: for Carry, but also for former President Donald Trump, who 360 00:20:05,880 --> 00:20:08,639 Speaker 1: endorsed him. Can you talk a little bit just about 361 00:20:08,640 --> 00:20:11,840 Speaker 1: the race and how much Trump's endorsement factored into this, 362 00:20:11,920 --> 00:20:14,600 Speaker 1: because I think right now one of the big questions 363 00:20:14,640 --> 00:20:18,560 Speaker 1: for two is how much of a kingmaker Trump still 364 00:20:18,800 --> 00:20:22,679 Speaker 1: is within the Republican Party even after losing the presidency. 365 00:20:22,720 --> 00:20:27,479 Speaker 1: In Yeah, there was a lot of interest in UM 366 00:20:27,600 --> 00:20:31,840 Speaker 1: this race and what role Trump's endorsement would play because 367 00:20:31,840 --> 00:20:33,639 Speaker 1: it looked to be kind of a good test of 368 00:20:33,760 --> 00:20:38,840 Speaker 1: that because you had Mike Carry, Trump's endorsed candidate UM, 369 00:20:38,960 --> 00:20:42,320 Speaker 1: who had never held elective office before. He was sort 370 00:20:42,320 --> 00:20:44,680 Speaker 1: of known in Ohio politics. He was a longtime coal 371 00:20:44,720 --> 00:20:49,760 Speaker 1: industry lobbyists, UM, you know, sort of known in UM 372 00:20:49,960 --> 00:20:54,960 Speaker 1: Republican politics, but he was running against UM better known candidates. 373 00:20:55,000 --> 00:20:58,240 Speaker 1: It was a crowded field of eleven candidates, and you 374 00:20:58,320 --> 00:21:01,320 Speaker 1: had a state senator who represented part of the district 375 00:21:01,400 --> 00:21:04,199 Speaker 1: for a number of years. You had a couple of 376 00:21:04,200 --> 00:21:07,199 Speaker 1: state representatives um, you know who had sort of a 377 00:21:07,280 --> 00:21:11,160 Speaker 1: natural base. UM. And they were also endorsed by prominent 378 00:21:11,520 --> 00:21:15,600 Speaker 1: folks like uh, Kentucky Senator Ran Paul endorsed a former 379 00:21:15,640 --> 00:21:19,960 Speaker 1: state representative who was in the field. Steve Stivers endorsed 380 00:21:19,960 --> 00:21:23,120 Speaker 1: the state representative that he wanted to sort of see 381 00:21:23,160 --> 00:21:25,760 Speaker 1: take take over the seat from him. UM. So we 382 00:21:25,800 --> 00:21:28,879 Speaker 1: had sort of these competing endorsements, and the question was 383 00:21:28,960 --> 00:21:33,800 Speaker 1: whether Trump's endorsement of carry would would hold sway, particularly 384 00:21:33,840 --> 00:21:38,320 Speaker 1: after UM his endorsed candidate lost Susan Wright in the 385 00:21:38,720 --> 00:21:44,199 Speaker 1: Texas special election runoff last week. UM. And by all accounts, uh, 386 00:21:44,520 --> 00:21:47,919 Speaker 1: it looks like Trump's endorsement did carry the day Carry 387 00:21:47,920 --> 00:21:51,800 Speaker 1: One very comfortably. It's a it's a district that has 388 00:21:52,000 --> 00:21:55,600 Speaker 1: all the parts of twelve counties UM in central Ohio 389 00:21:56,080 --> 00:21:59,600 Speaker 1: and Carry one all but one of the county's UM. 390 00:22:00,080 --> 00:22:02,879 Speaker 1: UM and so and and again it looks like, you know, 391 00:22:03,200 --> 00:22:06,440 Speaker 1: Trump's endorsement was was a major reason why you know, 392 00:22:06,520 --> 00:22:09,440 Speaker 1: Carrie was able to win as comfortably as he did. Absolutely. 393 00:22:09,480 --> 00:22:11,080 Speaker 1: I also want to make sure that we're touching on 394 00:22:11,160 --> 00:22:15,159 Speaker 1: the other big primary in Northeast Ohio. This one was 395 00:22:15,240 --> 00:22:18,040 Speaker 1: one that Democrats were keeping a very close eye on 396 00:22:18,480 --> 00:22:22,280 Speaker 1: between an establishment backed candidate Shantell Brown, who won her 397 00:22:22,359 --> 00:22:26,080 Speaker 1: race against Nina Turner, who was backed by progressives including 398 00:22:26,160 --> 00:22:29,840 Speaker 1: Senator Bernie Sanders, and after winning, Brown said that she 399 00:22:29,920 --> 00:22:32,080 Speaker 1: would be able to work with others in d C. 400 00:22:32,440 --> 00:22:37,159 Speaker 1: We have the sound from that speech, potentially the next 401 00:22:37,200 --> 00:22:40,760 Speaker 1: member of the eleventh Congressional District, the next member of Congress. 402 00:22:40,960 --> 00:22:45,000 Speaker 1: I can walk in the door with good relationships. I 403 00:22:45,119 --> 00:22:50,080 Speaker 1: have the support of people on the hill, you know, Mark. 404 00:22:50,160 --> 00:22:52,280 Speaker 1: This one was so interesting because we really saw a 405 00:22:52,280 --> 00:22:55,600 Speaker 1: lot of endorsements from Congress, both for Brown as well 406 00:22:55,640 --> 00:22:58,720 Speaker 1: as for Turner. And we've seen the progressive wing of 407 00:22:58,720 --> 00:23:02,600 Speaker 1: the Democratic Party. They've made gains in, they make gains in, 408 00:23:03,400 --> 00:23:05,560 Speaker 1: they've really been growing that the squad has been growing 409 00:23:05,600 --> 00:23:09,879 Speaker 1: in size. Is there a sense that might break at 410 00:23:09,920 --> 00:23:14,200 Speaker 1: this trend based on how Turner did last night, It's 411 00:23:14,200 --> 00:23:16,560 Speaker 1: hard to say. I mean, one of the caveats from 412 00:23:16,600 --> 00:23:20,080 Speaker 1: from both of the special election races in Ohio yesterday 413 00:23:20,160 --> 00:23:23,840 Speaker 1: was that these were very low turnout races held at 414 00:23:23,840 --> 00:23:26,640 Speaker 1: the beginning of August when everybody's on vacation and nobody's 415 00:23:26,640 --> 00:23:30,280 Speaker 1: paying much attention to politics. Um So it's hard to 416 00:23:30,359 --> 00:23:34,199 Speaker 1: draw a definitive UM assessments of what this might mean. 417 00:23:35,640 --> 00:23:39,480 Speaker 1: But UM, I think it is sort of has to 418 00:23:39,520 --> 00:23:43,800 Speaker 1: be discouraging for the Progressives that you know, that they 419 00:23:43,840 --> 00:23:46,359 Speaker 1: had a candidate and Nina Turner, who was well known 420 00:23:47,080 --> 00:23:50,400 Speaker 1: UM and liked in the Cleveland area in this district, 421 00:23:50,920 --> 00:23:53,600 Speaker 1: who was not able to win this race. UM. She 422 00:23:53,680 --> 00:23:57,720 Speaker 1: wanted to blame the outside money that UM poured into 423 00:23:57,720 --> 00:24:00,520 Speaker 1: the district, particularly at the end of the race, for 424 00:24:00,520 --> 00:24:03,560 Speaker 1: for her defeat. UM. But it was sort of a 425 00:24:03,560 --> 00:24:08,120 Speaker 1: clear opportunity for Nina Turner and the Progressives to pick 426 00:24:08,200 --> 00:24:10,320 Speaker 1: up this seat, and in fact, she started the race 427 00:24:10,400 --> 00:24:13,320 Speaker 1: with quite a hefty lead in the polls and just 428 00:24:13,440 --> 00:24:16,359 Speaker 1: wasn't able to carry it out and and win at 429 00:24:16,400 --> 00:24:19,479 Speaker 1: the end. Is there any sense as to why Turner 430 00:24:19,560 --> 00:24:21,880 Speaker 1: did start with the lead that she had and why 431 00:24:21,960 --> 00:24:24,560 Speaker 1: she wasn't able to maintain it. Is it just a 432 00:24:24,600 --> 00:24:28,480 Speaker 1: matter here of progressive versus moderate ideas? Or is was 433 00:24:28,520 --> 00:24:32,440 Speaker 1: there something more complex going on with the campaign? Now? 434 00:24:32,440 --> 00:24:33,960 Speaker 1: Like I said, I think she was very well known, 435 00:24:34,160 --> 00:24:35,760 Speaker 1: you know, so at the start of the race she 436 00:24:35,840 --> 00:24:38,800 Speaker 1: had a little bit of advantage, UM, you know, particularly 437 00:24:38,840 --> 00:24:42,760 Speaker 1: with with name I D But you know, Chantelle Brown, 438 00:24:43,040 --> 00:24:45,320 Speaker 1: who won the race, you know, was was also known 439 00:24:45,359 --> 00:24:48,880 Speaker 1: in the district and and actually had connections with sort 440 00:24:48,920 --> 00:24:53,479 Speaker 1: of the party machinery. She was the is the uh 441 00:24:53,880 --> 00:24:57,879 Speaker 1: Cayuga County Democratic Party chairperson uh and also sits on 442 00:24:57,920 --> 00:25:02,600 Speaker 1: the county council. UM. So she has connections in Democratic 443 00:25:02,640 --> 00:25:08,080 Speaker 1: politics in Cleveland and in that district. UM So, you know, 444 00:25:08,560 --> 00:25:10,600 Speaker 1: there are other factors too, just besides you know, everybody 445 00:25:10,600 --> 00:25:13,080 Speaker 1: elso focus on this this proxy fight, and clearly that 446 00:25:13,200 --> 00:25:15,600 Speaker 1: was there was an element of what was going on here, 447 00:25:16,320 --> 00:25:18,440 Speaker 1: but you also had sort of you know, so you're 448 00:25:19,240 --> 00:25:22,000 Speaker 1: nuts in bolts politics going on too, with you know, 449 00:25:22,200 --> 00:25:25,399 Speaker 1: each each of the two competing candidates here, you know, 450 00:25:25,440 --> 00:25:28,960 Speaker 1: having their own sort of factions of support within a district. Margaret, 451 00:25:29,000 --> 00:25:30,920 Speaker 1: I also did want to ask you very quickly because 452 00:25:30,920 --> 00:25:33,840 Speaker 1: I want to acknowledge that these are primary races, they're 453 00:25:33,880 --> 00:25:36,680 Speaker 1: not general races. I mean, obviously we're taking a look 454 00:25:36,720 --> 00:25:39,200 Speaker 1: at the Democrats and the Republicans and these races because 455 00:25:39,280 --> 00:25:41,760 Speaker 1: that's the party that has the seats. Is there a 456 00:25:41,840 --> 00:25:44,240 Speaker 1: chance very quickly here, I think we've only got thirty 457 00:25:44,280 --> 00:25:47,879 Speaker 1: seconds left that either of these seats could potentially flip 458 00:25:48,200 --> 00:25:52,400 Speaker 1: in the special election, not the eleven district seat in Cleveland. 459 00:25:52,440 --> 00:25:55,440 Speaker 1: I think thinking is that district is so solid Democratic, 460 00:25:55,520 --> 00:25:58,240 Speaker 1: you know, there's no risk really there. But the Democrats 461 00:25:58,240 --> 00:26:00,920 Speaker 1: seem to think that there's a shot of the fift 462 00:26:01,200 --> 00:26:05,160 Speaker 1: district seat in the Columbus area. The Democratic nominee, they're 463 00:26:05,280 --> 00:26:10,040 Speaker 1: a state representative, Allison Russo, has run very strongly uh 464 00:26:10,080 --> 00:26:13,679 Speaker 1: in Republican areas, and the Democrats think at least they 465 00:26:13,680 --> 00:26:17,640 Speaker 1: have a shot in that district. It's a heavily Republican district. 466 00:26:17,640 --> 00:26:20,280 Speaker 1: I think it's our plus nine um, but I think 467 00:26:20,280 --> 00:26:22,560 Speaker 1: there's certainly gonna be some some effort made where the 468 00:26:22,560 --> 00:26:25,440 Speaker 1: Democrats to flip that seat. Mark, thank you so much 469 00:26:25,440 --> 00:26:28,479 Speaker 1: for joining us. That was Mark Niquette, the Bloomberg National 470 00:26:28,640 --> 00:26:32,239 Speaker 1: political correspondent. Well, coming up, we're gonna check in on 471 00:26:32,280 --> 00:26:36,000 Speaker 1: how infrastructure is going in the Senate. I'm Emily Wilkins. 472 00:26:36,040 --> 00:26:45,600 Speaker 1: This is Bloomberg. You're listening to Bloomberg Sound On with 473 00:26:45,720 --> 00:26:51,480 Speaker 1: Joe Matthew on Bloomberg Radio. It is Emily Wilkins guest 474 00:26:51,520 --> 00:26:55,760 Speaker 1: hosting in for Joe today. Well, it is infrastructure summer 475 00:26:56,000 --> 00:26:58,760 Speaker 1: as we know in Washington, d C. And it continues 476 00:26:58,800 --> 00:27:03,800 Speaker 1: today as senator work through amendments to bipartisan infrastructure bill. 477 00:27:04,119 --> 00:27:06,200 Speaker 1: They've got to go through that before the bill can 478 00:27:06,280 --> 00:27:08,439 Speaker 1: finally get to the stage where they can vote on 479 00:27:08,600 --> 00:27:11,719 Speaker 1: it and pass it to the House. Among some changes 480 00:27:11,760 --> 00:27:14,160 Speaker 1: that could be coming to the bill are an amendment 481 00:27:14,200 --> 00:27:18,800 Speaker 1: that would narrow a cryptocurrency revenue raising plan that would 482 00:27:18,840 --> 00:27:22,200 Speaker 1: help pay for the infrastructure parts of the proposal. It's 483 00:27:22,200 --> 00:27:25,560 Speaker 1: still unclear exactly when the bill would pass, but Senate 484 00:27:25,600 --> 00:27:29,399 Speaker 1: Majority Whip Dick Durbin said he is getting quote good 485 00:27:29,520 --> 00:27:33,320 Speaker 1: vibrations that the Senate can conclude debate and vote on 486 00:27:33,359 --> 00:27:37,600 Speaker 1: an infrastructure bill either this weekend or perhaps on Monday. 487 00:27:37,800 --> 00:27:42,840 Speaker 1: Senator Durban spoke earlier today with Bloomberg's David Weston we're 488 00:27:42,880 --> 00:27:46,120 Speaker 1: dotting good vibrations on the floor. Uh, and I think 489 00:27:46,200 --> 00:27:49,479 Speaker 1: this weekend is slightly to see us conclude the debate 490 00:27:49,600 --> 00:27:52,600 Speaker 1: and voting on this measure as soon as the weekend, 491 00:27:52,760 --> 00:27:56,040 Speaker 1: as late this Monday. Uh. And so let's talk about 492 00:27:56,119 --> 00:27:59,000 Speaker 1: what's left over after infrastructure. There's a reconciliation of budget 493 00:27:59,000 --> 00:28:01,840 Speaker 1: resolution reconciliation that it was expected to come after that 494 00:28:01,920 --> 00:28:05,280 Speaker 1: at some point, what goes into reconciliation that you cannot 495 00:28:05,400 --> 00:28:08,280 Speaker 1: put in this biparisan bill, and particularly I said things 496 00:28:08,320 --> 00:28:11,600 Speaker 1: like immigration that you can get done or can't get 497 00:28:11,640 --> 00:28:15,200 Speaker 1: done with reconciliation. Well, it remains to be seen exactly 498 00:28:15,240 --> 00:28:18,280 Speaker 1: what you can put in reconciliation. Final decisions made by 499 00:28:18,280 --> 00:28:21,879 Speaker 1: the Senate Parliamentary as to what's allowable. But the different 500 00:28:21,920 --> 00:28:26,080 Speaker 1: categories that we are considering include two years of education 501 00:28:26,200 --> 00:28:31,880 Speaker 1: for kids before kindergarten, two years of community college or college, 502 00:28:31,880 --> 00:28:36,960 Speaker 1: and education after twelfth grade, money to help for daycare 503 00:28:37,000 --> 00:28:40,320 Speaker 1: for children. And immigration is an issue which is the 504 00:28:40,400 --> 00:28:43,040 Speaker 1: jurisdiction of my committee and one und very interested in 505 00:28:43,080 --> 00:28:46,520 Speaker 1: and including easy it conceivable you could have some immigration 506 00:28:46,520 --> 00:28:51,200 Speaker 1: reform as part of reconciliation. Yes, and in fact, historically 507 00:28:51,200 --> 00:28:54,520 Speaker 1: when the Republicans were in control and used reconciliation in 508 00:28:54,560 --> 00:28:57,600 Speaker 1: the year two thousand five, they include a provision which 509 00:28:57,640 --> 00:29:03,200 Speaker 1: expressly gave addressed each one visas eligibility for citizenship. Uh. 510 00:29:03,240 --> 00:29:06,000 Speaker 1: And in fact, one of the Republican senators on the 511 00:29:06,000 --> 00:29:09,360 Speaker 1: committicating speech and support of it. So it has been 512 00:29:09,400 --> 00:29:11,640 Speaker 1: done that way. There is a precedent, but ultimately the 513 00:29:11,640 --> 00:29:16,560 Speaker 1: parliamentarian is the last one joining me now to break 514 00:29:16,560 --> 00:29:19,600 Speaker 1: down the latest is our panel of experts. Rick Davis 515 00:29:19,720 --> 00:29:22,240 Speaker 1: and Jeannie shan Zano. Thank you both so much for 516 00:29:22,240 --> 00:29:25,800 Speaker 1: for joining me. A lot of interesting stuff there from 517 00:29:26,120 --> 00:29:29,840 Speaker 1: uh Majority Whip Dick Durban. But I'm sort of thinking 518 00:29:29,920 --> 00:29:33,960 Speaker 1: right now about the process because they mentioned that reconciliation 519 00:29:34,080 --> 00:29:37,320 Speaker 1: bill there, and obviously to do that reconciliation and they 520 00:29:37,320 --> 00:29:39,840 Speaker 1: first need to pass a budget resolution. They've got many 521 00:29:39,920 --> 00:29:43,600 Speaker 1: steps to go, and how Speaker Nancy Pelosi has said 522 00:29:43,640 --> 00:29:46,800 Speaker 1: that they will not be voting on that infrastructure bill 523 00:29:46,880 --> 00:29:50,000 Speaker 1: in the House until the Senate has also passed that 524 00:29:50,080 --> 00:29:53,480 Speaker 1: reconciliation bill. And Rick, I sort of wanted to get 525 00:29:53,560 --> 00:29:55,960 Speaker 1: your thoughts on this. I mean, is that going to 526 00:29:56,000 --> 00:29:59,160 Speaker 1: be something How difficult is that going to be for 527 00:29:59,280 --> 00:30:03,400 Speaker 1: Speaker Nancy Pelosi to hold that infrastructure bill that has 528 00:30:03,480 --> 00:30:06,880 Speaker 1: so much support and tell everyone, hey, we're not passing 529 00:30:06,880 --> 00:30:08,840 Speaker 1: this in the House yet, we're not going to send 530 00:30:08,920 --> 00:30:13,000 Speaker 1: it to Biden to sign until that reconciliation bill comes, 531 00:30:13,000 --> 00:30:15,280 Speaker 1: which which could wind up being a month or more 532 00:30:15,400 --> 00:30:21,040 Speaker 1: from now. Yeah, Nancy Pelosi is putting the entire party 533 00:30:21,080 --> 00:30:26,160 Speaker 1: in the presidency in jeopardy by connecting a perfectly good 534 00:30:26,200 --> 00:30:32,680 Speaker 1: bipartisan victory for this administration on infrastructure with a reconciliation 535 00:30:32,720 --> 00:30:35,440 Speaker 1: bill that um they'll start debating next week in the 536 00:30:35,520 --> 00:30:38,239 Speaker 1: Senate that may not even have the support of her 537 00:30:38,240 --> 00:30:40,680 Speaker 1: own party. So who does she blame. She can only 538 00:30:40,680 --> 00:30:45,320 Speaker 1: blame Democrats. The only way reconciliation doesn't happen if Democrats 539 00:30:45,760 --> 00:30:48,840 Speaker 1: themselves in the Senate decide it's either too expensive or 540 00:30:48,880 --> 00:30:51,640 Speaker 1: something they don't want to do. If that happens and 541 00:30:51,720 --> 00:30:56,280 Speaker 1: she won't move them the infrastructure bill forward, she has 542 00:30:56,400 --> 00:30:58,840 Speaker 1: she can't blame the Republicans for that. They've been very 543 00:30:58,840 --> 00:31:01,680 Speaker 1: clear that they're not going to vote for this reconciliation package, 544 00:31:02,160 --> 00:31:05,000 Speaker 1: and tying the two of them just creates jeopardy for 545 00:31:05,840 --> 00:31:08,280 Speaker 1: a bill that frankly should be a huge success and 546 00:31:08,320 --> 00:31:12,200 Speaker 1: a win for this administration, but also for all Democrats 547 00:31:12,200 --> 00:31:15,040 Speaker 1: and Republicans. It means that we can actually get bipartisan 548 00:31:15,440 --> 00:31:19,560 Speaker 1: legislation the country needs through absolutely. I mean on the 549 00:31:19,600 --> 00:31:22,480 Speaker 1: other flip side of that too, if Pelosi does try 550 00:31:22,520 --> 00:31:26,200 Speaker 1: to move that infrastructure bill before the House has a 551 00:31:26,240 --> 00:31:29,840 Speaker 1: reconciliation package, Progressives have said that they will just vote 552 00:31:29,840 --> 00:31:33,520 Speaker 1: against that infrastructure bill. Now, Jennie, I don't know sort 553 00:31:33,520 --> 00:31:36,640 Speaker 1: of if you think that that is a credible threat 554 00:31:36,680 --> 00:31:39,120 Speaker 1: from the progressives. I mean, we've definitely seen them play 555 00:31:39,120 --> 00:31:41,840 Speaker 1: hardball in the last few days with the eviction moratorium. 556 00:31:42,160 --> 00:31:45,000 Speaker 1: But if Speaker Pelosi brings that infrastructure bill to a 557 00:31:45,120 --> 00:31:49,040 Speaker 1: vote before the reconciliation is there, can you see a 558 00:31:49,160 --> 00:31:51,720 Speaker 1: number of Progressives saying, you know what, we know that 559 00:31:51,800 --> 00:31:54,320 Speaker 1: the infrastructure bill will be good for our districts, but 560 00:31:54,400 --> 00:31:56,400 Speaker 1: we're going to vote against it because we want to 561 00:31:56,400 --> 00:32:01,240 Speaker 1: hold out for more. Well, you know, I think most importantly, 562 00:32:01,480 --> 00:32:04,880 Speaker 1: if we believe what Nancy Pelosi is saying about tying 563 00:32:04,920 --> 00:32:09,440 Speaker 1: these two bills, and I believe her, then she believes 564 00:32:09,480 --> 00:32:12,600 Speaker 1: that they are serious about pulling out. So I think 565 00:32:12,680 --> 00:32:16,160 Speaker 1: that is really really telling. And I am very happy 566 00:32:16,200 --> 00:32:18,840 Speaker 1: to hear Dick Durbin, you know, channeling the Beach Boys 567 00:32:18,880 --> 00:32:21,720 Speaker 1: with David with this good vibrations that he's got. But 568 00:32:21,840 --> 00:32:24,760 Speaker 1: the real fight, as you're talking about, is going to 569 00:32:24,840 --> 00:32:27,719 Speaker 1: be keeping the Democrats together in the House. And that 570 00:32:27,840 --> 00:32:31,040 Speaker 1: is where Nancy Pelosi is struggling. And she is just 571 00:32:31,200 --> 00:32:34,320 Speaker 1: a the most recent and a long line of speakers 572 00:32:34,720 --> 00:32:39,800 Speaker 1: struggling to keep a huge, huge caucus together and Progressives 573 00:32:39,800 --> 00:32:43,400 Speaker 1: are saying, not only on the eviction moratorium, but also 574 00:32:43,600 --> 00:32:47,360 Speaker 1: on the reconciliation bill in infrastructure, that they are willing 575 00:32:47,360 --> 00:32:51,320 Speaker 1: to hate play hardball. We heard AOC take on a 576 00:32:51,400 --> 00:32:54,600 Speaker 1: member of her own party, Kristen Cinema, who said she 577 00:32:54,680 --> 00:32:56,960 Speaker 1: may not be able to support a three point five 578 00:32:57,320 --> 00:33:01,200 Speaker 1: billion reconciliation bill. So you know that is the that 579 00:33:01,320 --> 00:33:03,640 Speaker 1: is the real challenge here. And I agree with Rick. 580 00:33:04,040 --> 00:33:07,280 Speaker 1: She she meaning Nancy Pelosi, might sink this thing. But 581 00:33:07,360 --> 00:33:09,880 Speaker 1: I don't think it's just her. I think it is 582 00:33:09,920 --> 00:33:12,400 Speaker 1: the progressives in the House, if they hold out for 583 00:33:12,440 --> 00:33:15,320 Speaker 1: the perfect as opposed to going for the good. They 584 00:33:15,440 --> 00:33:18,880 Speaker 1: threatened to sink this thing for Biden and themselves and 585 00:33:19,000 --> 00:33:22,800 Speaker 1: the country quite frankly, which needs this bipartisan deal. And 586 00:33:22,840 --> 00:33:25,000 Speaker 1: you have seen, you know, in d C they sometimes 587 00:33:25,000 --> 00:33:28,520 Speaker 1: called hostage taking. But you have seen not just Progressives, 588 00:33:28,560 --> 00:33:30,920 Speaker 1: but a number of groups in the House come out, 589 00:33:30,960 --> 00:33:33,960 Speaker 1: whether it be the New York and New Jersey Democrats 590 00:33:34,000 --> 00:33:36,000 Speaker 1: saying that they either need to raise or get rid 591 00:33:36,040 --> 00:33:38,800 Speaker 1: of the salt tax. You've heard rural Democrats come out 592 00:33:38,840 --> 00:33:42,920 Speaker 1: with various concerns about some of the provisions on taxing 593 00:33:42,960 --> 00:33:45,520 Speaker 1: and how would relate to farmers. You've heard sort of 594 00:33:45,560 --> 00:33:50,600 Speaker 1: a wide number of concerns about the reconciliation bill and 595 00:33:50,640 --> 00:33:53,080 Speaker 1: what it will and won't have, And at this point, 596 00:33:53,120 --> 00:33:55,920 Speaker 1: with the makeup of the House, it only takes three 597 00:33:55,960 --> 00:34:00,000 Speaker 1: Democrats saying no before something can no longer being passed. 598 00:34:00,160 --> 00:34:03,080 Speaker 1: Speaker Pelosi really has a difficult job in front of 599 00:34:03,080 --> 00:34:05,680 Speaker 1: her here trying to keep everyone on board for this 600 00:34:05,800 --> 00:34:08,799 Speaker 1: wide ranging bill. Rick, I also want to touch on 601 00:34:08,840 --> 00:34:12,440 Speaker 1: another thing that Senator Durban mentioned. He mentioned the potential 602 00:34:12,480 --> 00:34:16,879 Speaker 1: for getting immigration into that reconciliation bill, and what we've 603 00:34:16,880 --> 00:34:19,879 Speaker 1: heard from advocates as well from lawmakers is that they 604 00:34:19,880 --> 00:34:23,959 Speaker 1: want a path forward for Dreamers, those undocumented immigrants who 605 00:34:24,120 --> 00:34:27,200 Speaker 1: across the border when they were children, usually with their parents. 606 00:34:27,239 --> 00:34:29,520 Speaker 1: They've grown up in the US. It's really the only 607 00:34:29,560 --> 00:34:32,480 Speaker 1: country that many of them have ever known, and they 608 00:34:32,480 --> 00:34:35,160 Speaker 1: want to find a way to allow that group to 609 00:34:35,280 --> 00:34:38,960 Speaker 1: obtain citizenship. Rick, is that's something that that's going to 610 00:34:39,000 --> 00:34:43,279 Speaker 1: be feasible, even if it's Democrats only who need to 611 00:34:43,440 --> 00:34:46,799 Speaker 1: sign on and approve it to get it past. Yeah, 612 00:34:46,840 --> 00:34:50,319 Speaker 1: every effort that's been underway for almost a decade to 613 00:34:50,680 --> 00:34:54,759 Speaker 1: fix the dreamer's issue has failed, and uh so I 614 00:34:54,760 --> 00:34:57,520 Speaker 1: wouldn't be surprised if the Democrats don't take a run 615 00:34:57,960 --> 00:35:01,080 Speaker 1: at trying to get it into the reconcilior package. Again, 616 00:35:01,400 --> 00:35:05,560 Speaker 1: Senator Durban was right in what he said, which is 617 00:35:05,600 --> 00:35:09,480 Speaker 1: the the authority that will decide that will be the 618 00:35:09,520 --> 00:35:13,520 Speaker 1: parliamentarian of the Senate. Um reconciliation is supposed to be 619 00:35:13,600 --> 00:35:19,960 Speaker 1: a very narrow, uh focused kind of legislation. Uh that Therefore, 620 00:35:20,320 --> 00:35:24,160 Speaker 1: because it's narrow and has certain limitations to it doesn't 621 00:35:24,200 --> 00:35:29,120 Speaker 1: need to uh adhere to the filibuster rule, and so 622 00:35:29,280 --> 00:35:32,279 Speaker 1: it's really not up to members themselves. They can take 623 00:35:32,280 --> 00:35:34,600 Speaker 1: a run at it, and I wouldn't be surprised if 624 00:35:34,640 --> 00:35:37,600 Speaker 1: they don't. It's a it's an exacerbated problem when many 625 00:35:37,600 --> 00:35:41,480 Speaker 1: states are now holding referendums on dreamers, like in Arizona, 626 00:35:42,120 --> 00:35:44,120 Speaker 1: in order to try and fix the problem on the 627 00:35:44,160 --> 00:35:47,600 Speaker 1: ballot box. But but I wouldn't be surprised. But that 628 00:35:47,880 --> 00:35:50,600 Speaker 1: that's actually gonna will know sooner than later next week 629 00:35:51,000 --> 00:35:53,719 Speaker 1: when the parliamentarian rules what's in order or what's out 630 00:35:53,719 --> 00:35:57,040 Speaker 1: of order? Right? And you remember too, with the last 631 00:35:57,080 --> 00:36:00,759 Speaker 1: COVID relief bill, which has also passed through reconciliation by Democrats, 632 00:36:00,960 --> 00:36:05,400 Speaker 1: they initially sought to include that fifteen dollar minimum wage raise, 633 00:36:06,000 --> 00:36:08,920 Speaker 1: and that got knocked out by the Parliamentary in and 634 00:36:09,120 --> 00:36:11,640 Speaker 1: even though Progressives were really pushing for that to be 635 00:36:11,719 --> 00:36:15,200 Speaker 1: a part of the final bill, they ultimately accepted that 636 00:36:15,239 --> 00:36:17,400 Speaker 1: it would not be, and they wound up voting for 637 00:36:17,440 --> 00:36:19,880 Speaker 1: it in the end. Genie, I want to come to 638 00:36:19,920 --> 00:36:22,640 Speaker 1: you very quickly here and just talk very quickly about 639 00:36:22,680 --> 00:36:25,440 Speaker 1: timing because the Senate was supposed to go on recess 640 00:36:25,480 --> 00:36:28,360 Speaker 1: starting Monday. Now it looks like that might not happen. 641 00:36:28,760 --> 00:36:31,520 Speaker 1: What's the pressure on senators to really wrap things up 642 00:36:31,560 --> 00:36:35,279 Speaker 1: next week. Well, they have pressure because they, of course, 643 00:36:35,320 --> 00:36:36,920 Speaker 1: as you just said, want to go home for the 644 00:36:36,960 --> 00:36:40,759 Speaker 1: August resouse recess. The House has already left and it's 645 00:36:40,840 --> 00:36:44,719 Speaker 1: not scheduled to return until September. I do think the 646 00:36:44,719 --> 00:36:48,440 Speaker 1: bipartisan bill will likely get through, but it still means 647 00:36:48,560 --> 00:36:52,000 Speaker 1: this thing does not get to the president potentially if 648 00:36:52,040 --> 00:36:56,200 Speaker 1: it does, for a month and a half probably or more. 649 00:36:56,520 --> 00:36:59,120 Speaker 1: So we're looking at the fall. In the meantime, we've 650 00:36:59,160 --> 00:37:03,000 Speaker 1: got senators and representatives home hearing from constituents, and that's 651 00:37:03,040 --> 00:37:06,160 Speaker 1: what I'm most you know, sort of interested to see 652 00:37:06,400 --> 00:37:08,759 Speaker 1: what the feedback is on this and does this help 653 00:37:08,800 --> 00:37:11,279 Speaker 1: push this thing through or somehow put the brakes on it. 654 00:37:11,320 --> 00:37:13,560 Speaker 1: As you and Brick were just talking about, maybe they're 655 00:37:13,600 --> 00:37:16,360 Speaker 1: calling for, you know, some more work on immigration or 656 00:37:16,480 --> 00:37:19,320 Speaker 1: something like that. So I think the constituent feedback is 657 00:37:19,360 --> 00:37:21,279 Speaker 1: going to be critical as this thing moves through the 658 00:37:21,360 --> 00:37:24,360 Speaker 1: last few weeks. When they get back absolutely and the 659 00:37:24,360 --> 00:37:26,279 Speaker 1: House members are said to get plenty of it. They're 660 00:37:26,280 --> 00:37:29,000 Speaker 1: not expected to return at this point until September twenty, 661 00:37:29,200 --> 00:37:32,799 Speaker 1: so that's seven weeks back home, hearing from their constituents, 662 00:37:32,840 --> 00:37:35,400 Speaker 1: going to local events, and we're going to continue to 663 00:37:35,440 --> 00:37:39,279 Speaker 1: follow developments in the Senate and see what happens when 664 00:37:39,320 --> 00:37:41,520 Speaker 1: this bill goes to the House. Thank you guys so 665 00:37:41,600 --> 00:37:45,160 Speaker 1: much for joining me today. I'm Emily Wilkins. This is 666 00:37:45,200 --> 00:37:45,759 Speaker 1: Bloomberg