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Speaker 1: Why from our nation's how do we reopen this economy?

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

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

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

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

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Speaker 1: never before. We're looking at seventy Kennedys for different victims.

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

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

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Speaker 1: Surrelate on Bloomberg and one oh five point seven h

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Speaker 1: D two. AOC gets ready for the biggest speech of

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Speaker 1: her political life night too of the Virtual Convention. Tyler

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Speaker 1: Page is going to give us a preview plus on

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Speaker 1: Dr Jill Biden. She's speaking from a classroom, the Philly Girl,

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Speaker 1: self described Philly Girl. She was putting on on social media.

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Speaker 1: So we're gonna get the the inside scoop and and

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Speaker 1: all the fallout from from what happened last night. As

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Speaker 1: Michelle Obama giving the politic speech of the best political

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Speaker 1: speech I think of last night, I don't know, I mean,

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Speaker 1: I guess that's opinion, but and Senator Bernie Sanders as well,

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Speaker 1: we're gonna break all that down. Plus I've got an

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Speaker 1: inside scoop at what's happened at the State Department u

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Speaker 1: S Undersecretary of State for Economic Growth Keith Croc. He's

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Speaker 1: gonna call in because he's warning college is to divest

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Speaker 1: China stocks over delisting risk. You don't want to miss this.

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Speaker 1: All these endowments. I didn't even know this, All these

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Speaker 1: endowments at these big colleges and universities. They're in tango

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Speaker 1: but China. Keith says, no way, no how, not gonna happen.

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Speaker 1: So I'm gonna ask him about that. Uh. Plus breakthrough

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Speaker 1: with the USPS. Did you see this busy day here

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Speaker 1: in Washington? D c u S Postal Service says they're

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Speaker 1: not gonna touch any policies until after the election. And

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Speaker 1: Speaker of the House Nancy Pelosi says she could trim

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Speaker 1: the fiscal stimulus by about half. Did you watch the

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Speaker 1: virtual convention? No confetti, folks, no balloons. There was some

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Speaker 1: music Maggie Rodger. I guess like Maggie was playing on

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Speaker 1: some l the rocks on an ocean. I always wonder,

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Speaker 1: how do you keep your balance when you do that anyway,

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Speaker 1: Senator Bernie Sanders giving a progressive, self described democratic socialist speech,

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Speaker 1: he said, hey, he's got differences with Joe Biden and himself,

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Speaker 1: but he he he made the argument of from Bernie

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Speaker 1: Sanders's perspective that this is about defeeding fascism, which I

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Speaker 1: thought was fascinating. And I'm gonna be looking to see

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Speaker 1: how freshman Congresswoman Alexandria Acastio Cortez makes her case when

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Speaker 1: she speaks tonight along with former President Bill Clinton and

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Speaker 1: of course Dr Jill Biden, Joe Biden's wife. Uh. And

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Speaker 1: then of course that the speech, everybody was talking about

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Speaker 1: former First Lady Michelle Obama. Whether you're a Republican or

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Speaker 1: a Democrat, and we've got both on the show tonight. Um,

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Speaker 1: it was really interesting to see. As I told my

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Speaker 1: friend here at Bloomberg Television of Bloomberg Surveillance, Tom Keane,

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Speaker 1: she played to the medium. I mean, she played to

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Speaker 1: people's cell phones. If you're gonna have to deliver remarks

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Speaker 1: and you can't do it in front of a crowd

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Speaker 1: or a packed stadium, then you've got to play to

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Speaker 1: the people's cell phones. I mean and everything from the

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Speaker 1: details on the necklace around her neck, which was we

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Speaker 1: later learned was from a small business, a small black

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Speaker 1: business that said vote on the jewelry, to her eyes

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Speaker 1: glossing over, just the emotion that she spoke with the conviction.

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Speaker 1: It was really, I think a template for any other

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Speaker 1: virtual convention speech going forward. So stylistically, we've got that,

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Speaker 1: and we'll talk policy coming up as well. Tyler Pages

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Speaker 1: on the line. I'm so thrilled to have Tyler on.

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Speaker 1: He's Bloomberg national politics reporter. He's all over the Biden campaign. Tyler,

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Speaker 1: what are they saying about last night and what are

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Speaker 1: we going to expect for tonight? Yeah, Kevin, it's great

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Speaker 1: to join you from Wilmington, Delaware, where we have some

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Speaker 1: semblance of a of a convention in person where Kama

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Speaker 1: har in front of a small press. Uh, pull over

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Speaker 1: the next two nights when saying Thursday. But the Biden

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Speaker 1: gampaign and Democrats are pretty excited about what what what

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Speaker 1: what occurred last night. Obviously they would have preferred to

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Speaker 1: be in Milwaukee with thousands of cheering people. Um, but

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Speaker 1: but given the circumstances, I think they're pretty satisfied with

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Speaker 1: how it went. Obviously, as as you mentioned, Michelle Obama's

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Speaker 1: speech um was was really the emotional high point of

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Speaker 1: the night. And there was a lot of hype about

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Speaker 1: her speech after her speech where she had that famous

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Speaker 1: line when they go low, we go high, and there

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Speaker 1: was a lot of a lot of expectations for her

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Speaker 1: to live up to that moment, and I think Democrats

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Speaker 1: think she did. But but what I found really interesting

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Speaker 1: about last night was the message was not as much

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Speaker 1: about Joe Biden as it was about Donald Trump. And

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Speaker 1: I'm so glad you said that. I'm so glad you

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Speaker 1: said that because I thought it was remarkable to have

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Speaker 1: Senator Bernie Sanders tie speaking just of just in the

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Speaker 1: same hour as former Republican Governor of Ohio John Kasick.

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Speaker 1: Go ahead, right, and and they spoke back to back,

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Speaker 1: and the message that that the Democrats were trying to

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Speaker 1: send the last night. Obviously there's four nights and and

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Speaker 1: it'll be spaced out a little bit where we'll get

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Speaker 1: more Joe Biden, have any contention tonight with Joe Biden speech,

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Speaker 1: and then of course his speech on Thursday night. But

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Speaker 1: the point that that I think the Democrats were trying

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Speaker 1: to make it. And it's it's too late to say

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Speaker 1: how effective that was in convincing voters of the argument,

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Speaker 1: but that this is not just about Joe Biden. This

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Speaker 1: is about Democrats, independence, Republicans coming together to say, this

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Speaker 1: is a moment in which we need to defeat Donald Trump.

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Speaker 1: And and and Joe Biden is a vehicle to do that,

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Speaker 1: but it's larger than just him. See. I find this

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Speaker 1: remarkable for two things, Because when I talked to Republicans Tyler,

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Speaker 1: what they say is, well, look at the president's approval

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Speaker 1: rating amongst the Republican party. It's like plus, it's the highest,

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Speaker 1: you know that that are just as high as any Republican.

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Speaker 1: But on the flip side of that, this other issue

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Speaker 1: of Joe Biden being a placeholder, so to speak, of

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Speaker 1: the next generation of Demo aocratic leaders. And I think

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Speaker 1: it's just almost what are they what are we saying?

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Speaker 1: What are they saying about? What we will hear when

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Speaker 1: Joe Biden does speak to the country Thursday night, Because

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Speaker 1: that speech is gonna be so incredibly important, right and

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Speaker 1: and and Joe Biden is not known as in the

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Speaker 1: you know, an incredible public speaker. He's not a Barack

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Speaker 1: Obama or Bill Clintons who are known for these these

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Speaker 1: speeches that that people remember. Joe Biden is the retail

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Speaker 1: politician who likes to get up in close, I'm personal

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Speaker 1: with one on one with voters on on the rope line,

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Speaker 1: and so it'll be interesting to see how he's able

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Speaker 1: to translate that into this arguably the most important speech

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Speaker 1: of his life. I don't think we'll see a new

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Speaker 1: message from him. I think we'll see him talk about

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Speaker 1: his life story, the tragedies that he suffered with his

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Speaker 1: first wife and his children, um, and then he'll go

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Speaker 1: into this message that he's been harping since the when

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Speaker 1: he launched, which is that the country is in the

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Speaker 1: battle for the soul of its nation and and he

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Speaker 1: is the person able to restore stability and indecency to

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Speaker 1: the White House that Democrats argue is lacking in the

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Speaker 1: Trump administration. We got ninety seconds left, and I want

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Speaker 1: to make sure that I got this question. And you

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Speaker 1: had a bombshell scoop the other week about who is

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Speaker 1: advising the Biden campaign on the economy and includes former

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Speaker 1: Fed Chairwoman Janet Yellen? Who else? What do we know?

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Speaker 1: Are they centrist or they progressive? What does it say? Right? So,

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Speaker 1: the the Biden they has been getting these economic cosfee

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Speaker 1: briefings and and they've been pretty secretive in terms of

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Speaker 1: who's been part of them. Um. They include long time

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Speaker 1: advisors like Jared Bernstein and Heather Bruche. Main economic advisors

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Speaker 1: are are are centrists there in his model of the

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Speaker 1: Democratic Party. But the one name to keep in mind

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Speaker 1: is that Elizzeth Warren and him have developed quite a

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Speaker 1: close relationship in the past few months. And she is

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Speaker 1: someone that's been on his year on economic policy issues.

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Speaker 1: Obviously in an informal way, UM, she was vetted to

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Speaker 1: be vice president, was not selected. I don't think she's

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Speaker 1: going to be Treasury Secretary, but I do think that

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Speaker 1: that she has been influencing Biden on on economic policy

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Speaker 1: issues UM over the over the past few months, particularly

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Speaker 1: as it relates to recovery from the corner ofvirus pandemic.

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Speaker 1: Wouldn't it be funny if she was the name this

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Speaker 1: Consumer Financial Protection Bureau director, Oh, the revolving door of

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Speaker 1: Washington Tyler, we still got uh. Well, if you don't

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Speaker 1: think that she's going to be I find this very

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Speaker 1: fascinating right, because the wonk and me and the nerd

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Speaker 1: and me really does want to know where does that

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Speaker 1: Elizabeth Warren go in a Joe Biden administration or does

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Speaker 1: she want to continue climbing the ranks in the Senate.

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Speaker 1: Is the expectation that that that he would tap a

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Speaker 1: Rubenight or a Larry Summers asked the type of person

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Speaker 1: for for Treasury or FED or are they not there yet? Right?

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Speaker 1: I don't think they're there yet. I think they're happy

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Speaker 1: that they just finished the VP a lot longer um

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Speaker 1: then I think with the convention pushback, they and and

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Speaker 1: the amount of people biden't kept eleven people in n

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Speaker 1: till till then when he told kind of done that

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Speaker 1: they were in getting it. So I don't think they've

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Speaker 1: moved that far along. And I do think the appointments

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Speaker 1: are going to be pretty bride and this servis doctor

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Speaker 1: O our first point. Biden calls himself a bridge to

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Speaker 1: the future generation of leaders and and so it'll be

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Speaker 1: interesting who he puts in certain elevates or profile someone

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Speaker 1: like Pete who doesn't necessarily how about political future in

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Speaker 1: Indiana definitely wants a cabinet slot. What that looks like

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Speaker 1: to be determined. But but I think't really will fender

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Speaker 1: about who Joe Biden sees as the future of the

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Speaker 1: Democratic Party. Something that will see tonight with this keynote

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Speaker 1: address that's divided out between seventeen Democrats from across the country.

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Speaker 1: All Right, Tyler Pager continuing to absolutely kill it, uh

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Speaker 1: in on the Member of politics, and he's joining us

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Speaker 1: from from Wilmington's Orla Dover, Dover from Wilmington's from Wilmington, Delaware. Alright, Well,

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Speaker 1: if you're going to be in Wilmington's, make sure you

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Speaker 1: go to one of those Italian restaurants. I'll text you

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Speaker 1: which one, because I that's my train station when I

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Speaker 1: get off at the stop earlier before Hilly. Alright, talk

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Speaker 1: to your latter. Coming up more policy and politics. We

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Speaker 1: check out with the States Department. My name is Kevin's

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Speaker 1: really have the cheap Washington correspondent for Bloomberg Television and Radio.

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Speaker 1: Is my song that makes me in a good mood.

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Speaker 1: We're listening to Bloomberg one. This is Bloomberg's sound on

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Speaker 1: with Kevin Surreley on Bloomberg and one all five point

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Speaker 1: seven m h D two. My name is Kevin surrel

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Speaker 1: and the cheap Washington correspondent for Bloomberg Television and for

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Speaker 1: Bloomberg Radio. Stocks climb to record on tech rally, US

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Speaker 1: stocks completed the fastest ever returned to a record after

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Speaker 1: a drop of at least surpassing February highs for the

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Speaker 1: first time since the pandemic up ended financial markets. The

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Speaker 1: dollar fell to the lowest in more than two years,

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Speaker 1: while treasuries advanced. So the account of the market climbing

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Speaker 1: to a record on that tech rally. Then you've got

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Speaker 1: some other major developments pertaining to fiscal stimulus. But I

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Speaker 1: still want to talk about last night, because last night,

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Speaker 1: and as we look forward to this evening, but last night,

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Speaker 1: Senator Bernie Sanders, he really had his had a tough

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Speaker 1: task ahead of him. He had to number one, speak

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Speaker 1: in a not convention room. He had to speak to

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Speaker 1: a camera too. He had to to to unify the party.

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Speaker 1: He had to unify the progressive flank and get them

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Speaker 1: excited and fired up. About Bernie Sanders, I'm sorry about

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Speaker 1: about Joe biden Um. And lastly, he also he had

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Speaker 1: to still find a way to to to pull the

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Speaker 1: parties to the left. I thought it was really a

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Speaker 1: remarkable task. Uh, and let's see how he did. Jeff

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Speaker 1: Weavers on the line. He's the former senior advisor for

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Speaker 1: Bernie Sanders twenty campaign. He's also the former campaign manager

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Speaker 1: for Bernie Sanders back in sen Jeff, great to talk

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Speaker 1: with you again. Uh, I thought, I thought Senator Sanders,

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Speaker 1: the way he laid it out was less about policy

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Speaker 1: and more about fascism. Take me behind the scenes. How

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Speaker 1: did they arrived at that decision to make that pitch? Well,

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Speaker 1: it was you know, it was Bernie Sanders speech. So

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Speaker 1: Bernie Sanders wrote it. Um and uh, you know, Bernie

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Speaker 1: Sanders is very, very uh animated by the threat that

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Speaker 1: Donald Trump poses to American democracies. You know, the senators

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Speaker 1: spoken often about, you know, his own family being killed

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Speaker 1: in Europe by authoritarians there, and this creeping authoritarians and

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Speaker 1: we see in America, you know, whether it's using the

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Speaker 1: them to unknown facilities. You know, this is a very

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Speaker 1: dangerous pattern, a very dangerous path that we are walking down.

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Speaker 1: And you know, as he pointed out in the speech.

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Speaker 1: It's really something that you unite progressive as moderate and

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Speaker 1: even conservatives who want to preserve the fundamental institutions of

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Speaker 1: American democracy. So as as as we go forward to

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Speaker 1: this evening, Alexandria Cassio Cortez will speak. She really is

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Speaker 1: the heir apparent in many ways to the democratic socialist

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Speaker 1: flank of the Democratic Party. And so, I guess are

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Speaker 1: you concerned that that that crowd won't turn out to

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Speaker 1: show up for for for Joe Biden. I mean, they

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Speaker 1: really are. There are a lot of differences between that

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Speaker 1: flank of the party and Joe Biden, especially when you've

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Speaker 1: got John Kasik endorsing Joe Biden. Well, sure, you know,

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Speaker 1: look at Trump, because of Trump and who he is,

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Speaker 1: and uh, you know the danger he poses not only

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Speaker 1: to our democracy, but also look to our economy and

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Speaker 1: to the public health of our country, uh and to

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Speaker 1: basic you know, fundamental civil uh decency in this country.

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Speaker 1: You know, Joe Biden has a great opportunity to put

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Speaker 1: together what we call it sometimes i'll left the popular Front.

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Speaker 1: You know, a group of folks who don't all agree

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Speaker 1: on the issues, but you know who joined together in

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Speaker 1: an electoral campaign in order to a further a goal,

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Speaker 1: in this case, defeating Donald Trump and electing Joe Bide. Uh.

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Speaker 1: You know, the governing coalition that comes after this, you know,

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Speaker 1: we're gonna have a democratic House, We should have democratic Senate,

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Speaker 1: will have a democratic president, and Democrats will be running

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Speaker 1: the country. Uh, you know, based on the fact that

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Speaker 1: voters elect him and and so I think you'll see

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Speaker 1: a different electrical electoral coalition from the governing coalition that

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Speaker 1: comes out of this camp. Live from our nation's camera.

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Speaker 1: How do we reopen this economy? The latest on how

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Speaker 1: this pandemic is impacting farmers? What does this do from

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Speaker 1: the United States relationship with China? Bloomberg Sound on the insiders,

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Speaker 1: the influencers, the insides. We're responding to this crisis, and

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Speaker 1: manufacturers are stepping up like never before. We're looking at

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Speaker 1: seventy kennidates for different vactines. How do we make sure

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Speaker 1: a pandemic of this scale never happens again? This is

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Speaker 1: Bloomberg Sound On with Kevin Surrelate on Bloomberg one and

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Speaker 1: one oh five point seven f m h D two

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Speaker 1: night too of the Virtual Democrat Convention. We are going

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Speaker 1: to have a complete preview of former President Bill Clinton

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Speaker 1: and freshman Congresswoman Alexandria Accacio Cortes and Speaker Pelosi saying

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Speaker 1: that she now favors a slim down stimulus with additional

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Speaker 1: stimulus in January. No new talks are set as negotiations

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Speaker 1: remain at a stalemate. Plus all of that, and the

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Speaker 1: US Postal Service Louis de Joy, who runs the luas

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Speaker 1: the US Postal Service, he says, did you see this?

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Speaker 1: He says he's not going to touch any of the

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Speaker 1: policies until after the election. I'll bring you up to

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Speaker 1: speed on that, and we check in with the States Departman.

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Speaker 1: Keith Croc, the Under Secretary for Economic Affairs, says he

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Speaker 1: wants colleges and universities to divest from China funds c

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Speaker 1: C Ali Baba. So we have a lot to get through, uh,

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Speaker 1: and we've got an all star panel. We have an

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Speaker 1: all star panel to help navigate through it. Josh Galper

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Speaker 1: is on the line. He is a co founder and

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Speaker 1: partner a public relations firm Trident d MG and the

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Speaker 1: law firm Davis, Goldberg and Galper. He is also a

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Speaker 1: former d n C convention speechwriter. Back in two thousand

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Speaker 1: and four and two thousand and eight. Wow. Alright, so Josh,

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Speaker 1: let's start at the conventions. All right. First of all,

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Speaker 1: how are you. How's the family? Everyone doing? All right?

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Speaker 1: Everyone's great, Kevin, and thanks for having me on. But yeah,

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Speaker 1: we're trying to have a COVID summer like everybody else. Yeah, alright, well,

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Speaker 1: let's get right to it for a preview of, uh,

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Speaker 1: the conventions, but also your analysis of of of last night.

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Speaker 1: What does former President Bill Clinton have to do and

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Speaker 1: what does AOC have to do, And then of course

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Speaker 1: we'll hear from Dr Jill Biden as well Joe Biden's wife,

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Speaker 1: But for AOC and Bill Clinton, it really is about

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Speaker 1: saying this right now is where the Democratic Party is

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Speaker 1: on economic issues. So I think that's ray Kevin, And

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Speaker 1: you know, if you start with what we saw last

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Speaker 1: night was a real, very broad picture of unity for

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Speaker 1: the party. And I think when we look at what

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Speaker 1: AOC will have to say tonight, I think it will

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Speaker 1: be you know, a very strong nod towards the progressive

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Speaker 1: wing of the Democratic Party, which is very much, uh,

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Speaker 1: you know, in line with where the party as a

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Speaker 1: whole h wants to go. And of course, they've been

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Speaker 1: driving a lot of the agenda throughout the Democratic primaries,

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Speaker 1: and I think you'll see AOC take the stage and um,

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Speaker 1: you know, certainly tipped the hat uh and and she's

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Speaker 1: all star. People are very excited to hear her. I

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Speaker 1: think when you look at um President Clinton and what

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Speaker 1: he will say, uh, you know, he's He's played a

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Speaker 1: really key role in in prior conventions as that explainer

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Speaker 1: in chief, yes, where economic arguments are concerned, and I

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Speaker 1: think that one of the things you'll probably hear from

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Speaker 1: him is linking up the economic argument with the this

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Speaker 1: moment of crisis that we're in. I'm talking thing about

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Speaker 1: the economic crisis we're in and the coronavirus crisis that

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Speaker 1: we're in, obviously, and we do need to see those

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Speaker 1: issues linked. And I think that's part of what the

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Speaker 1: next three nights of the convention are going to hold too,

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Speaker 1: And I think Foreign President is a great messenger to

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Speaker 1: make that case. Brian Darling, I want to bring him

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Speaker 1: into this conversation. He's a former senior communications director for

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Speaker 1: Senator Ran Paul and the founder of Liberty Government Affairs. Brian.

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Speaker 1: Last night, when I was covering the first night of

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Speaker 1: the Virtual Democratic Convention. What I heard was the Democrats

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Speaker 1: outlining what they view as the problem they have. There

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Speaker 1: is a global pandemic there with there is also, of course,

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Speaker 1: an economic depression and inequality that touches every facet of

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Speaker 1: of our nation, including racial inequality. But did you hear

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Speaker 1: that Joe Biden is the solution? I heard a lot

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Speaker 1: of this is the problem. But as Tyler Pager told

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Speaker 1: us in the last hour, he's a Bloomer pole tick reporter,

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Speaker 1: we didn't necessarily here here's what Joe Biden would do

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Speaker 1: to fix it. Did I miss something or no? No,

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Speaker 1: I think you're you're correct. I think that we didn't

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Speaker 1: hear many of the solutions being rolled out by Democrats yesterday.

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Speaker 1: We did not hear a comprehensive plan to solve all

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Speaker 1: the nation's ills. We heard a lot of discussion how

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Speaker 1: they Democrats don't want Donald Trump to serve another forty

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Speaker 1: years in office. So I do think that the party

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Speaker 1: is lacking in a cohesive message and giving basically the

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Speaker 1: American people a reason to say, hey, I want to

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Speaker 1: point I want to vote for Democrats because of policy, A, B, C,

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Speaker 1: and D. We I just don't think we heard that,

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Speaker 1: and I think one of the reasons is because the

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Speaker 1: party is pretty divided and Medicare for All and in

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Speaker 1: a handful of the other issues like the Green New Deal.

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Speaker 1: So when you listen for AOC tonight and Bill Clinton, Bryan,

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Speaker 1: what are you going to be listening for as a Republican, Well,

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Speaker 1: I wish I would give AOC a lot more time.

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Speaker 1: I'd like to see her speak for half an hour.

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Speaker 1: I think that'd be very helpful for Republicans. Also. I mean,

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Speaker 1: I think Bill Clinton is a great speaker. Somebody really

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Speaker 1: will pull together a cohesive message, and um, I think

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Speaker 1: Democrats are lacking because when people will compare Joe Biden

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Speaker 1: and the way he communicates versus Bill Clinton, they're going

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Speaker 1: to see a big difference. And I think that's the

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Speaker 1: big let down. I mean, the convention as it is,

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Speaker 1: you know, we live in these unique days where the

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Speaker 1: conventions all online, so um, nobody's there, there's no cheering,

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Speaker 1: So both parties are going to suffer as a result.

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Speaker 1: But I think one of the big drawbacks is in

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Speaker 1: the end of this we're actually going to hear from

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Speaker 1: Joe Biden, and I just don't think he can live

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Speaker 1: up to a lot of the hype and a lot

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Speaker 1: of the good speeches that we've heard yesterday and we'll

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Speaker 1: be hearing over the next few days. Josh Calfers on

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Speaker 1: the line and Brian Darling. Brian, there are several Republicans

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Speaker 1: at spoke last night, including former Ohio Governor John Kasey.

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Speaker 1: Does that do anything to pull away Republicans and battleground

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Speaker 1: states or maybe independence in battleground states? That's gotta have

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Speaker 1: you a little bit worried. Well, I don't think so.

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Speaker 1: I think that when you look at John Kasi, somebody

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Speaker 1: who will reaffirm a lot of the the Republicans that

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Speaker 1: never liked Donald Trump to they'll feel more comfortable. I

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Speaker 1: guess voting for for Joe Biden, but I don't think

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Speaker 1: it moves that many votes. I don't think Ki was

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Speaker 1: somebody who has actually looked upon as a as a

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Speaker 1: leader in the party's going to move somebody. It's not

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Speaker 1: like a you know, they pulled somebody who was a surprise.

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Speaker 1: They don't think anybody is shocked to see John Kasi

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Speaker 1: speaking at the Democratic Convention. Uh. Josh Copper, your analysis

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Speaker 1: on those Republicans who book last night, John Kasi literally

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Speaker 1: standing at a crossroads, just him in a Drowe did

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Speaker 1: you see? I'm sorry, you know, I gotta give I

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Speaker 1: wish there was like a sideshow grating of what everybody thought.

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Speaker 1: I mean, clearly, Michelle Obama had the best beachlas. I

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Speaker 1: don't care if you if you are a Democratic Republican,

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Speaker 1: objectively speaking, she played to the medium better than anyone.

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Speaker 1: She knew that she was talking to people's cell phones

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Speaker 1: because that's how people are mostly are going to consume

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Speaker 1: this thing when they're streaming it on their devices, you know,

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Speaker 1: and that and and and everything about if you're gonna

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Speaker 1: speak to an empty room, do it like that. You know,

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Speaker 1: that's how you that's how you know the the televangelist style.

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Speaker 1: I mean, that's what you do. You don't try to

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Speaker 1: give a speech as if you're in a packed stadium

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Speaker 1: and no one's there. It's just gonna look awkward and weird.

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Speaker 1: But but if Michelle Obama, I thought knocked it out

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Speaker 1: of the park in terms of you know, she wasn't

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Speaker 1: even projecting, she was speaking one on one. I thought

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Speaker 1: that was a real highlight. And I think everyone Republican

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Speaker 1: or Democrat, if you're not going to speak to a

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Speaker 1: crowded room. That's how you do it. Josh. Now, I

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Speaker 1: think you're right about that, and we've all got to

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Speaker 1: realize step back, and you know, Brian made mentioned of this.

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Speaker 1: This is a convention um like we've ever seen. UM.

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Speaker 1: I think, for you know the benefit of the Democratic Party.

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Speaker 1: The party has been working on putting together this convention

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Speaker 1: to pivot to the kind of style that you're talking about, Kevin,

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Speaker 1: that actually reads to a room a room being Um.

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Speaker 1: You know, just one person sitting there speaking, you feel

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Speaker 1: like you're a foot away from them. It's more intimate

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Speaker 1: speaking style. It's not with the applause lines. And you

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Speaker 1: know you want to avoid that kind of style because

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Speaker 1: as you said, it can turn awkward. UM. But I

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Speaker 1: do think, you know, let's also step back and realize.

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Speaker 1: You know, what we heard last night was setting the foundation.

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00:23:17,400 --> 00:23:20,160
Speaker 1: People are excited in the Democratic Party. I think people

428
00:23:20,920 --> 00:23:24,119
Speaker 1: beyond the Democratic Party are excited and interested to understand

429
00:23:24,480 --> 00:23:26,920
Speaker 1: what Biden the Democratic Party can offer. I'm talking about

430
00:23:26,960 --> 00:23:30,800
Speaker 1: those all important you know, swing voters that um, you

431
00:23:30,840 --> 00:23:33,199
Speaker 1: know it can take to win. And I think what

432
00:23:33,280 --> 00:23:36,159
Speaker 1: they saw last night was the case against Trump. We

433
00:23:36,240 --> 00:23:39,399
Speaker 1: saw that in just stark relief, and there was a

434
00:23:39,400 --> 00:23:41,720
Speaker 1: lot of that. But this is part one of a

435
00:23:41,800 --> 00:23:44,760
Speaker 1: four part story, right, This is a saga that plays

436
00:23:44,800 --> 00:23:46,920
Speaker 1: out over the next three nights. We're going to see

437
00:23:47,320 --> 00:23:50,320
Speaker 1: um what the Democratic Party stands for. There is a platform,

438
00:23:50,359 --> 00:23:52,720
Speaker 1: there will be people speaking to it. You already heard

439
00:23:52,760 --> 00:23:55,360
Speaker 1: references to it last night, but you're going to hear

440
00:23:55,520 --> 00:23:59,439
Speaker 1: very strong arguments on the economy for that. Looking for

441
00:23:59,440 --> 00:24:01,960
Speaker 1: that compers tens of plan that brings in all the

442
00:24:02,000 --> 00:24:05,320
Speaker 1: issues that that the former Vice president has been talking

443
00:24:05,359 --> 00:24:07,959
Speaker 1: about on the campaign trail, that so many others are

444
00:24:08,000 --> 00:24:10,399
Speaker 1: talking about. As far as Republicans go, who were featured

445
00:24:10,480 --> 00:24:14,040
Speaker 1: last night, I think that that was another job really

446
00:24:14,080 --> 00:24:18,320
Speaker 1: well done. They gave a permission of swords to those

447
00:24:18,359 --> 00:24:21,480
Speaker 1: who were tuning in to say, you know what, enough

448
00:24:21,560 --> 00:24:25,199
Speaker 1: is enough, and we are names to you and and

449
00:24:25,280 --> 00:24:27,959
Speaker 1: it's okay to support them. We're not going to um

450
00:24:28,359 --> 00:24:30,720
Speaker 1: to support Biden, and we're not going to agree with

451
00:24:30,840 --> 00:24:33,239
Speaker 1: him on everything, and that is okay. And I think

452
00:24:33,320 --> 00:24:36,119
Speaker 1: that's what translated very clearly last night. I want to

453
00:24:36,160 --> 00:24:38,439
Speaker 1: go to trip live dot com because they've got a

454
00:24:38,440 --> 00:24:41,440
Speaker 1: headline which is the one of the local papers out

455
00:24:41,440 --> 00:24:45,159
Speaker 1: of Pittsburgh, Connor Lamb among seventeen rising stars to deliver

456
00:24:45,200 --> 00:24:48,520
Speaker 1: Tuesday's keynote speech for the Democratic National Convention. He's going

457
00:24:48,560 --> 00:24:51,119
Speaker 1: to be one of the featured folks speaking tonight, not

458
00:24:51,160 --> 00:24:53,160
Speaker 1: in the main address, but he's going to be known

459
00:24:53,520 --> 00:24:56,439
Speaker 1: dubbed as a rising star. Connor Lamb. Remember that he

460
00:24:56,480 --> 00:24:58,639
Speaker 1: was one of those centrist Democrats who was able to

461
00:24:58,680 --> 00:25:02,400
Speaker 1: defeat and a Republican district. Uh. He's thirty six, He's

462
00:25:02,400 --> 00:25:06,520
Speaker 1: a Mount Lebanon, Pennsylvania. Uh. And where is it? Because

463
00:25:06,520 --> 00:25:08,879
Speaker 1: I want to make sure I get his his backstory.

464
00:25:08,960 --> 00:25:13,439
Speaker 1: He of course had defeated UM Republicans and and was

465
00:25:13,480 --> 00:25:16,720
Speaker 1: able to flip a historically red region blue by austing

466
00:25:16,760 --> 00:25:19,399
Speaker 1: to Trump back candidates and back to back special and

467
00:25:19,520 --> 00:25:23,320
Speaker 1: general elections. Uh. And after he was elected, he followed

468
00:25:23,320 --> 00:25:25,399
Speaker 1: through on his pledge not to vote for Speaker of

469
00:25:25,400 --> 00:25:29,880
Speaker 1: the House Nancy Pelosi, which is fascinating because he said

470
00:25:29,920 --> 00:25:32,040
Speaker 1: that that if he asserted that he would be in,

471
00:25:32,520 --> 00:25:35,000
Speaker 1: he would be in favor of voting to impeach Trump.

472
00:25:35,080 --> 00:25:37,359
Speaker 1: So Connor Lamb, we all often talked about him, and

473
00:25:37,480 --> 00:25:40,080
Speaker 1: over the weekend, The New York Times with Connor Lamb

474
00:25:40,760 --> 00:25:43,840
Speaker 1: had a piece that said what Joe Biden can learn

475
00:25:44,000 --> 00:25:46,440
Speaker 1: from Connor Lamb the headline, and that how Biden could

476
00:25:46,520 --> 00:25:49,520
Speaker 1: learn from Connor Lamb's victory and Trump Country. He's a

477
00:25:49,520 --> 00:25:52,720
Speaker 1: Trump Country Democrats. Stacy Abrams is also going to speak tonight.

478
00:25:52,880 --> 00:25:55,160
Speaker 1: We had her on the program the other week. Dr

479
00:25:55,240 --> 00:25:58,600
Speaker 1: Jill Biden and of course Bill Clinton and AOC. I

480
00:25:58,600 --> 00:26:01,040
Speaker 1: mean it's gonna be remarkable. You two are gonna be

481
00:26:01,080 --> 00:26:02,800
Speaker 1: with me for the whole hour. But I just want

482
00:26:02,840 --> 00:26:06,360
Speaker 1: to close out on convention. So we've got like two

483
00:26:06,359 --> 00:26:07,920
Speaker 1: minutes left, So I want to give you the one

484
00:26:07,960 --> 00:26:11,000
Speaker 1: thing on your radar. I want you to tell actually,

485
00:26:11,240 --> 00:26:13,160
Speaker 1: give me your I'm sick of that. Give me your

486
00:26:13,200 --> 00:26:19,240
Speaker 1: favorite convention memory, Josh Golper, what's your favorite convention memory? Uh?

487
00:26:19,280 --> 00:26:21,520
Speaker 1: For me, it is it is being in the hall

488
00:26:21,640 --> 00:26:24,160
Speaker 1: right up. Um, you know fromt of the stage watching

489
00:26:24,920 --> 00:26:28,320
Speaker 1: Barack Obama give the keynote in two thousand four that

490
00:26:28,760 --> 00:26:32,399
Speaker 1: it was just a tremendous moment. Well, I I go back,

491
00:26:32,640 --> 00:26:35,000
Speaker 1: uh and for for prep for all of these two weeks,

492
00:26:35,000 --> 00:26:37,280
Speaker 1: and I was watching old convention speeches and you know,

493
00:26:37,320 --> 00:26:40,400
Speaker 1: from Colin Powell to you know, George Bush when he

494
00:26:40,640 --> 00:26:43,160
Speaker 1: you know, to his and and also but the Barack

495
00:26:43,200 --> 00:26:45,199
Speaker 1: Obama speech. I mean I remember watching that even as

496
00:26:45,240 --> 00:26:48,119
Speaker 1: a kid, and that you know, it's it's fascinating to watch,

497
00:26:48,480 --> 00:26:50,720
Speaker 1: you know how that launched his or helped launch his

498
00:26:50,720 --> 00:26:56,240
Speaker 1: his uh national career. Brian Darling, your favorite convention memory? Oh,

499
00:26:56,320 --> 00:27:00,320
Speaker 1: no doubt. Pap do canon speech to the convention was

500
00:27:00,359 --> 00:27:03,560
Speaker 1: one of my favorites. I know that it probably horrifies

501
00:27:03,640 --> 00:27:08,199
Speaker 1: you guys, but why wait, no, wait, don't assume that

502
00:27:08,280 --> 00:27:11,600
Speaker 1: you know my political anything. I play it straight, Brian.

503
00:27:13,400 --> 00:27:15,439
Speaker 1: I'm offended by that. Brian, I've worked with you for

504
00:27:15,520 --> 00:27:17,679
Speaker 1: years ago. I don't put any of my politics and anything.

505
00:27:18,600 --> 00:27:21,280
Speaker 1: I know that basically, I'm just saying that I think

506
00:27:21,320 --> 00:27:24,160
Speaker 1: most people are offended by the speech, and I thought

507
00:27:24,200 --> 00:27:26,280
Speaker 1: it was great. I mean, he really spoke from the heart.

508
00:27:26,560 --> 00:27:29,919
Speaker 1: He's somebody who definitely pushes against the conventional wisdom. He

509
00:27:30,000 --> 00:27:33,280
Speaker 1: was a predecessor to what we're seeing now with Donald Trump,

510
00:27:33,320 --> 00:27:36,240
Speaker 1: who you know, obviously it's not politically correct, but I

511
00:27:36,280 --> 00:27:39,160
Speaker 1: think that the Buchanan speech was something that I took

512
00:27:39,160 --> 00:27:41,840
Speaker 1: away and I thought it was extraordinary because it was

513
00:27:41,880 --> 00:27:44,320
Speaker 1: just so different from anything we've heard at a Convention

514
00:27:44,520 --> 00:27:49,399
Speaker 1: Culture War speech back into coming up panel stage, Josh Albert,

515
00:27:49,400 --> 00:27:52,280
Speaker 1: Bryan Darling, I'm Kevin's really you're listening to Bloomberg one.

516
00:27:54,680 --> 00:27:59,240
Speaker 1: This is Bloomberg's Sound on with Kevin Surreley on Bloomberg

517
00:27:59,400 --> 00:28:04,080
Speaker 1: nine one and one, all five two. My name is

518
00:28:04,119 --> 00:28:08,160
Speaker 1: Kevin Sirilli. I'm the chief Auston correspondent for Bloomberg Television

519
00:28:08,160 --> 00:28:10,720
Speaker 1: and for Bloomberg Radio. In the break, I was looking

520
00:28:10,760 --> 00:28:13,760
Speaker 1: at the Buchanan Culture War speech because Brian Darling was

521
00:28:13,800 --> 00:28:17,760
Speaker 1: telling me all about it, and Uh wow, what a

522
00:28:17,880 --> 00:28:21,439
Speaker 1: doozy it was. I'm gonna have to watch that again tonight.

523
00:28:22,000 --> 00:28:26,399
Speaker 1: Uh Brian. Brian Darlings here, former senior communications director for

524
00:28:26,560 --> 00:28:30,360
Speaker 1: Kentucky Senator Ran Paul and founder of Liberty Government Affairs.

525
00:28:30,440 --> 00:28:32,320
Speaker 1: Josh Copper also on the line, Josh, what did you

526
00:28:32,320 --> 00:28:36,360
Speaker 1: think of pap you cannon back in? UM, I think

527
00:28:36,400 --> 00:28:40,480
Speaker 1: I had the opposite view of I think it was

528
00:28:40,560 --> 00:28:46,200
Speaker 1: quite scary. He is a co founder and partner of

529
00:28:46,280 --> 00:28:49,680
Speaker 1: the public relations firm tried NTMG and the law firm Davis,

530
00:28:49,680 --> 00:28:52,520
Speaker 1: Goldberg and Gauper. He's a former d n d n

531
00:28:52,560 --> 00:28:55,640
Speaker 1: C convention speech writer. In two thousand four, and two

532
00:28:55,640 --> 00:28:57,280
Speaker 1: thousand eight. Can you tell me who you speech you

533
00:28:57,320 --> 00:29:00,600
Speaker 1: wrote or who's speech you helped write or no, like uh,

534
00:29:01,480 --> 00:29:04,200
Speaker 1: something that speech writers reveal. But it's you know, you're

535
00:29:04,200 --> 00:29:08,120
Speaker 1: assigned anywhere from twenty of the you know, more speeches

536
00:29:08,640 --> 00:29:12,040
Speaker 1: to work on with folks who are speaking, So you're

537
00:29:12,120 --> 00:29:15,400
Speaker 1: you're diving into a lot of people's um, you know,

538
00:29:15,720 --> 00:29:19,720
Speaker 1: thoughts and backgrounds. It's a it's a fascinating and fun process.

539
00:29:21,000 --> 00:29:23,760
Speaker 1: What did you make, Josh, Well, we'll come back to it.

540
00:29:23,840 --> 00:29:26,520
Speaker 1: But I mean, you gotta have watched last night and thought,

541
00:29:26,520 --> 00:29:29,080
Speaker 1: well that worked, that didn't. I think Michelle Obama works,

542
00:29:29,120 --> 00:29:31,560
Speaker 1: but I think a lot of the other inter interludes

543
00:29:31,600 --> 00:29:36,320
Speaker 1: didn't really work well. I think you have to go.

544
00:29:36,880 --> 00:29:40,120
Speaker 1: I think, you know, second fight segment. What was clear

545
00:29:40,160 --> 00:29:42,400
Speaker 1: to me is that tour was a really well thought

546
00:29:42,440 --> 00:29:47,239
Speaker 1: out plan and it built on itself. UM. I do

547
00:29:47,360 --> 00:29:52,760
Speaker 1: think that the Eva Longoria moderating worked quite well doing

548
00:29:52,800 --> 00:29:56,800
Speaker 1: everything together. I thought she was terrific and everything was

549
00:29:56,920 --> 00:30:00,280
Speaker 1: very you know, smooth and flowing from one to the other. Um,

550
00:30:00,360 --> 00:30:02,400
Speaker 1: you know. I think it was also really helpful that

551
00:30:02,600 --> 00:30:06,840
Speaker 1: the digital team, Um, clearly they had Ninja's there, right.

552
00:30:06,880 --> 00:30:08,880
Speaker 1: I mean, there were not glitches the kind that you

553
00:30:08,960 --> 00:30:13,760
Speaker 1: might expect with that kind of complexity there together. I thought,

554
00:30:14,120 --> 00:30:16,560
Speaker 1: for me personally, again, this has nothing to do with

555
00:30:16,640 --> 00:30:19,000
Speaker 1: either party, but and and and listen, you know, I

556
00:30:19,000 --> 00:30:20,880
Speaker 1: feel bad. I mean it's I don't really feel bad,

557
00:30:20,880 --> 00:30:22,840
Speaker 1: but I mean, it is the first time there's ever

558
00:30:22,880 --> 00:30:25,760
Speaker 1: been a virtual convention. But I I thought that they

559
00:30:25,800 --> 00:30:29,360
Speaker 1: should have magnified the Evil Loungloria model in the sense

560
00:30:29,440 --> 00:30:32,720
Speaker 1: of that they should have played that almost if you're

561
00:30:32,720 --> 00:30:35,160
Speaker 1: going to go that route of having a moderator or

562
00:30:35,200 --> 00:30:37,840
Speaker 1: a host, so to speak, they could have even done

563
00:30:37,840 --> 00:30:39,840
Speaker 1: that even more and said let's go out here or

564
00:30:39,880 --> 00:30:42,640
Speaker 1: let's go down to South Carolina. I thought that worked

565
00:30:42,640 --> 00:30:45,320
Speaker 1: really well. But I don't know what I mean. That's

566
00:30:45,360 --> 00:30:47,960
Speaker 1: the first time, the first time. That's an interesting thought.

567
00:30:48,040 --> 00:30:50,320
Speaker 1: You know. Here's one thing I thought that was interesting, Kevin.

568
00:30:50,680 --> 00:30:53,080
Speaker 1: On some of the one on one station, I saw

569
00:30:53,200 --> 00:30:56,440
Speaker 1: there would be occasional break ins by you know, well

570
00:30:56,480 --> 00:30:59,960
Speaker 1: known hosts, and then you know, and I really could

571
00:31:00,240 --> 00:31:02,640
Speaker 1: deal because I really wanted to listen right to what

572
00:31:02,680 --> 00:31:07,120
Speaker 1: was happening. It's not like watching the stadium scene where

573
00:31:07,200 --> 00:31:09,360
Speaker 1: you expect the break ins and so keep you're missing

574
00:31:09,360 --> 00:31:11,040
Speaker 1: so of it. So I found that a little bit

575
00:31:11,640 --> 00:31:14,200
Speaker 1: very or a lot and intrusive when it happened. It's

576
00:31:14,360 --> 00:31:17,440
Speaker 1: it's that's such a good point because conventions are typically

577
00:31:17,440 --> 00:31:19,560
Speaker 1: covered like a sporting event, and with the sporting event

578
00:31:19,600 --> 00:31:22,680
Speaker 1: you have sports broadcasters and whatnot. But because it was

579
00:31:22,760 --> 00:31:26,680
Speaker 1: pre programmed, it was very difficult for for to do that,

580
00:31:26,720 --> 00:31:28,640
Speaker 1: and the networks were trying to figure that out as well.

581
00:31:28,760 --> 00:31:32,120
Speaker 1: The whole thing. It just it was it was different. Listen.

582
00:31:32,160 --> 00:31:33,640
Speaker 1: I hope this is a one off, and I said

583
00:31:33,640 --> 00:31:35,840
Speaker 1: it yesterday. The panel disagreed. I hope you to agree

584
00:31:35,840 --> 00:31:38,040
Speaker 1: with me. I mean, I feel free to disagree, but

585
00:31:38,120 --> 00:31:40,800
Speaker 1: I love the conventions. I think it's an opportunity, like

586
00:31:41,280 --> 00:31:45,160
Speaker 1: you mentioned, for our political leaders to really, you know,

587
00:31:45,680 --> 00:31:48,760
Speaker 1: give a sense of what they stand for, not just

588
00:31:48,800 --> 00:31:51,000
Speaker 1: for the country, but also for the world. I think

589
00:31:51,000 --> 00:31:54,800
Speaker 1: it's a it's an incredibly important show of of democracy,

590
00:31:54,880 --> 00:31:58,000
Speaker 1: of patriotism for for the parties. I hope that it

591
00:31:58,000 --> 00:32:00,400
Speaker 1: goes back to normal. Um, yeah, you think can be

592
00:32:00,440 --> 00:32:02,800
Speaker 1: improved for the better, but I definitely hope in four

593
00:32:02,880 --> 00:32:08,720
Speaker 1: years that we're doing this, you know somewhere right or no, Yeah,

594
00:32:09,480 --> 00:32:11,720
Speaker 1: I agree all right, all right, let's pivot policy. Speaker

595
00:32:11,680 --> 00:32:14,920
Speaker 1: of the House Nancy Pelosi favoring a slim down stimulus

596
00:32:15,000 --> 00:32:18,040
Speaker 1: now and then more. In January, reading from my colleague

597
00:32:18,040 --> 00:32:20,880
Speaker 1: Billy house Is reporting on the Bloomberg terminal, how Speaker

598
00:32:20,960 --> 00:32:25,320
Speaker 1: Nancy Pelosi indicated that Democrats might cut their stimulus proposal

599
00:32:25,560 --> 00:32:29,560
Speaker 1: to seal a deal with Republicans and speed COVID nineteen relief,

600
00:32:29,920 --> 00:32:34,120
Speaker 1: then come back after the November elections with additional agenda items.

601
00:32:34,120 --> 00:32:36,880
Speaker 1: Pelosi said she doesn't want to wait until the end

602
00:32:36,920 --> 00:32:39,800
Speaker 1: of September, when Congress will be attempting to pass a

603
00:32:39,880 --> 00:32:43,680
Speaker 1: bill needed from Congress to keep the federal government funded

604
00:32:43,720 --> 00:32:47,160
Speaker 1: at the start of the new fiscal year on October one.

605
00:32:47,280 --> 00:32:49,840
Speaker 1: As for a stimulus package, she said, we have to

606
00:32:49,880 --> 00:32:53,040
Speaker 1: try to come to that agreement. Now, wow, all right,

607
00:32:53,480 --> 00:32:58,160
Speaker 1: I mean, Brian Darling, it sounds like she's budging. She

608
00:32:58,280 --> 00:33:05,800
Speaker 1: has to think that as a Democrats, I can't hear you.

609
00:33:05,840 --> 00:33:07,560
Speaker 1: You're breaking up. You got to go to an area

610
00:33:07,600 --> 00:33:10,320
Speaker 1: of your house where there's where there's a connection. Josh Calper,

611
00:33:10,760 --> 00:33:13,000
Speaker 1: tell me I'll come back to your Brian second, Josh,

612
00:33:13,400 --> 00:33:18,479
Speaker 1: is she budging? Well, this is definitely a change from

613
00:33:18,520 --> 00:33:20,920
Speaker 1: what we saw. What was it four days ago, three

614
00:33:20,960 --> 00:33:23,680
Speaker 1: days ago, the last three or four days? Um. But

615
00:33:23,680 --> 00:33:28,640
Speaker 1: but it's really important that that something does happen, right,

616
00:33:28,720 --> 00:33:32,600
Speaker 1: And I think before she made this statement, we were

617
00:33:32,600 --> 00:33:36,520
Speaker 1: all looking to September thirty as being that forcing mechanism

618
00:33:36,640 --> 00:33:39,160
Speaker 1: right for the continuing Resolution to make sure the government

619
00:33:39,200 --> 00:33:41,840
Speaker 1: is funded to avoid a shutdown. We were going to

620
00:33:41,880 --> 00:33:45,400
Speaker 1: see some kind of relief bill probably be part of

621
00:33:45,440 --> 00:33:48,880
Speaker 1: that action, because it has to happen. People are counting

622
00:33:48,920 --> 00:33:51,720
Speaker 1: on this money. Businesses are counting on this money, right

623
00:33:51,760 --> 00:33:55,360
Speaker 1: because the well has run dry for assistance for both

624
00:33:55,400 --> 00:33:58,920
Speaker 1: of those categories, rent assistance, food assistance, all of these

625
00:33:59,320 --> 00:34:02,080
Speaker 1: areas of the leaf. Uh, you know, there's there's nothing

626
00:34:02,120 --> 00:34:04,600
Speaker 1: for people to turn to. And I think that it's

627
00:34:04,640 --> 00:34:07,840
Speaker 1: pretty important that we get these checks into the hands

628
00:34:07,880 --> 00:34:11,640
Speaker 1: of Americans or you know, we will face um and

629
00:34:11,680 --> 00:34:15,640
Speaker 1: even perhaps greater economic crisis than we're facing now, especially

630
00:34:15,680 --> 00:34:18,759
Speaker 1: if there's you know, more jer Tonian lockdowns that are

631
00:34:18,800 --> 00:34:22,120
Speaker 1: put into place as uh, you know, virus starts to

632
00:34:22,200 --> 00:34:25,279
Speaker 1: spike up in different places, it get starts to mix

633
00:34:25,400 --> 00:34:29,720
Speaker 1: with the flu. We've got to make sure that people

634
00:34:29,760 --> 00:34:32,480
Speaker 1: are helped. So I think it's you know, in everybody's interests,

635
00:34:32,520 --> 00:34:35,200
Speaker 1: certainly in the American people's interests to see that happen.

636
00:34:35,280 --> 00:34:38,520
Speaker 1: I mean, going going bigger would have been probably smarter

637
00:34:38,680 --> 00:34:41,880
Speaker 1: again for everybody, including the administration. But it's important that

638
00:34:41,920 --> 00:34:44,200
Speaker 1: we get something done. I'm glad that the speakers said that.

639
00:34:44,600 --> 00:34:48,319
Speaker 1: And look, she called everybody back to come back to

640
00:34:48,320 --> 00:34:50,280
Speaker 1: look at the U. S. Postal Service in the chamber.

641
00:34:50,320 --> 00:34:53,600
Speaker 1: The Democratic Chamber is going to vote on Saturday on

642
00:34:53,719 --> 00:34:58,360
Speaker 1: adding twenty five billion dollars and postal service funding, and

643
00:34:58,400 --> 00:35:02,399
Speaker 1: Secretary Monution, speaking on the NBC earlier today, said that

644
00:35:02,480 --> 00:35:05,759
Speaker 1: he hopes that the Speaker Pelosi and and himself will

645
00:35:05,800 --> 00:35:09,239
Speaker 1: be able to talk about these negotiations while she is

646
00:35:09,320 --> 00:35:12,600
Speaker 1: in town and member folks. Earlier this month, it was

647
00:35:12,680 --> 00:35:15,640
Speaker 1: just this month when Senate Democratic Leader Truck Schumer said

648
00:35:15,640 --> 00:35:18,040
Speaker 1: that the Democrats do not have the votes on their

649
00:35:18,080 --> 00:35:20,960
Speaker 1: side to go below two trillion dollars. So some some

650
00:35:21,000 --> 00:35:24,520
Speaker 1: wiggle rooms, some negotiations, some top line looking down and

651
00:35:24,600 --> 00:35:26,480
Speaker 1: like I said, Speaker Pelosi is gonna be back in town.

652
00:35:26,520 --> 00:35:28,640
Speaker 1: She's rallying all the Democrats in the House members back

653
00:35:28,640 --> 00:35:31,839
Speaker 1: into town this weekend to vote on that dollars worth

654
00:35:31,880 --> 00:35:36,200
Speaker 1: of age aid Lewis de Joyce says that he's not

655
00:35:36,200 --> 00:35:38,640
Speaker 1: gonna touch He's not going to touch the US Postal

656
00:35:38,719 --> 00:35:41,400
Speaker 1: Service after the election. Much more coming up. This is

657
00:35:41,400 --> 00:35:44,360
Speaker 1: my mom's favorite song. I'm Kevin Cirelli, Chief Washington correspondent

658
00:35:44,360 --> 00:35:47,240
Speaker 1: fro Bloomberg Television of Bloomberg Radio. You're listening to Bloomberg

659
00:35:47,280 --> 00:35:52,359
Speaker 1: nine and nine one. This is Bloomberg Sound On with

660
00:35:52,440 --> 00:35:56,879
Speaker 1: Kevin Surrelation on Bloomberg and one oh five point seven

661
00:35:57,320 --> 00:36:01,799
Speaker 1: h D two. My name is Kevin S. Really, I'm

662
00:36:01,800 --> 00:36:05,320
Speaker 1: the chief Ashton correspondent for Bloomberg Television and for Bloomberg Radio.

663
00:36:06,239 --> 00:36:10,799
Speaker 1: The U. S. State Department is asking colleges and universities

664
00:36:10,840 --> 00:36:15,440
Speaker 1: to divest from Chinese holdings in their endowments, warning schools

665
00:36:15,440 --> 00:36:18,760
Speaker 1: in a letter Tuesday to get ahead of potentially more

666
00:36:19,160 --> 00:36:23,120
Speaker 1: onerous measures on holding the shares. Key Kroc is the

667
00:36:23,160 --> 00:36:26,440
Speaker 1: under Secretary for Economic Growth, Energy, and the Environment. He

668
00:36:26,480 --> 00:36:31,080
Speaker 1: wrote this letter quote boards of US university endowments would

669
00:36:31,160 --> 00:36:35,120
Speaker 1: be prudent to divest from the People's Republic of China

670
00:36:35,239 --> 00:36:40,560
Speaker 1: firms stocks in the likely outcome that enhanced listing standards

671
00:36:40,920 --> 00:36:45,160
Speaker 1: lead to a wholesale delisting of PRC firms from US

672
00:36:45,239 --> 00:36:48,640
Speaker 1: exchanges by the end of next year. He goes on

673
00:36:48,680 --> 00:36:52,080
Speaker 1: to write quote holding these stocks also runs the high

674
00:36:52,160 --> 00:36:56,239
Speaker 1: risks associated with PRC companies having to read or to

675
00:36:56,800 --> 00:37:01,480
Speaker 1: read rees estate financials. Joining us on the line is

676
00:37:01,560 --> 00:37:04,400
Speaker 1: Keith Rocky, under Secretary for Economic Growth, Energy and the

677
00:37:04,480 --> 00:37:08,360
Speaker 1: Environment at the U S Department of State. Mr. Under Secretary,

678
00:37:08,480 --> 00:37:11,600
Speaker 1: thank you for joining us. I didn't even realize how

679
00:37:11,600 --> 00:37:16,640
Speaker 1: many colleges and universities had entanglements with China and the

680
00:37:16,640 --> 00:37:22,200
Speaker 1: Communist Party. Wow. Well, Kevin. Uh. This was part of

681
00:37:22,239 --> 00:37:27,319
Speaker 1: a letter to all the governing boards for all the

682
00:37:27,440 --> 00:37:33,480
Speaker 1: universities and colleges UM you know, UH institutions of higher

683
00:37:33,560 --> 00:37:39,120
Speaker 1: learning and UM. It was UH part of four things

684
00:37:39,160 --> 00:37:43,359
Speaker 1: I wanted to cover. Really. The first one was the

685
00:37:43,400 --> 00:37:48,800
Speaker 1: whole area of academic freedom and Confucius Institutes UH that

686
00:37:49,600 --> 00:37:55,640
Speaker 1: the State Department designated Confucius Institutes UM as a foreign

687
00:37:55,719 --> 00:38:00,840
Speaker 1: mission um uh by a foreign government, So that was

688
00:38:00,880 --> 00:38:02,560
Speaker 1: part of it. The other part of it is I

689
00:38:02,600 --> 00:38:05,560
Speaker 1: also wanted to share with them UM some of the

690
00:38:05,640 --> 00:38:10,279
Speaker 1: risk of these endowment funds as well as UM the

691
00:38:10,440 --> 00:38:13,000
Speaker 1: research that is going on in the dangers of I

692
00:38:13,200 --> 00:38:17,120
Speaker 1: p FF and the Thousand Talents program, as well as

693
00:38:17,480 --> 00:38:23,239
Speaker 1: update them on the Shenzong human rights abuses UM in

694
00:38:23,320 --> 00:38:25,680
Speaker 1: terms of their supply chains. It's very similar to the

695
00:38:25,760 --> 00:38:30,320
Speaker 1: letter that I sent to all CEOs in the United States,

696
00:38:30,320 --> 00:38:33,480
Speaker 1: except with an academic twizt and and I wrote to

697
00:38:33,520 --> 00:38:38,040
Speaker 1: the to these boards of trustees, boards of directors, boards

698
00:38:38,040 --> 00:38:44,080
Speaker 1: of overseers. However, they are designated these universities, UH, you

699
00:38:44,120 --> 00:38:47,760
Speaker 1: know as UH two things, as really a partner because

700
00:38:47,800 --> 00:38:50,359
Speaker 1: they've been a great partner for the United States State

701
00:38:50,440 --> 00:38:53,400
Speaker 1: Department in terms of upfolding academic freedom and freedom and

702
00:38:53,440 --> 00:38:56,680
Speaker 1: those are being challenge now with the threat of the

703
00:38:56,760 --> 00:39:02,200
Speaker 1: Chinese Communist Party. But also as a former UH chairman

704
00:39:02,680 --> 00:39:08,279
Speaker 1: of Board of Trustees Produe University UM and and so

705
00:39:09,320 --> 00:39:12,200
Speaker 1: you know, this is one of those things that I'm

706
00:39:12,239 --> 00:39:14,319
Speaker 1: looking at this here at the State Department, I go,

707
00:39:14,480 --> 00:39:18,160
Speaker 1: you know, this would be something that all these governing

708
00:39:18,200 --> 00:39:22,200
Speaker 1: boards would really want to see and really need to

709
00:39:22,200 --> 00:39:28,000
Speaker 1: talk about, because they have governance responsibilities, they have produciary duties,

710
00:39:28,640 --> 00:39:32,280
Speaker 1: and and they also you know, on on these things

711
00:39:33,120 --> 00:39:36,719
Speaker 1: UM and and you know, from my experience dealing with

712
00:39:36,800 --> 00:39:41,640
Speaker 1: the American Association and Government's board. UM. It's it's really

713
00:39:41,719 --> 00:39:45,600
Speaker 1: one of addressing a long term strategic issue of this magnitude.

714
00:39:45,960 --> 00:39:49,440
Speaker 1: That responsibility sits squarely on the shoulders of each and

715
00:39:49,560 --> 00:39:52,800
Speaker 1: every board member. And we talked about this in a

716
00:39:52,880 --> 00:39:55,319
Speaker 1: broader standpoint, but just to simplify it, I mean, so

717
00:39:55,360 --> 00:40:00,720
Speaker 1: many of these universities are are rightfully um the ground

718
00:40:00,840 --> 00:40:05,360
Speaker 1: zero for for next generation debates pertaining to civil liberties

719
00:40:05,400 --> 00:40:08,080
Speaker 1: and to freedom of speech arguments. And at the same time,

720
00:40:08,120 --> 00:40:12,799
Speaker 1: these universities are have their endowments that are invested or

721
00:40:12,880 --> 00:40:15,239
Speaker 1: have ties to the Communist Party of China, which is

722
00:40:15,280 --> 00:40:18,080
Speaker 1: horrific human rights abuses and I'm reading from my own

723
00:40:18,080 --> 00:40:21,880
Speaker 1: report on the Bloomberg terminal US pension funds or I'm sorry,

724
00:40:22,000 --> 00:40:25,280
Speaker 1: in addition to venture capital endowments have directed growing portions

725
00:40:25,320 --> 00:40:29,400
Speaker 1: of their passive investments into Chinese companies that US politicians

726
00:40:29,440 --> 00:40:33,200
Speaker 1: say are linked to human rights abuses and national security threats.

727
00:40:33,480 --> 00:40:36,320
Speaker 1: Are or is there anything from a concrete action that

728
00:40:36,360 --> 00:40:39,719
Speaker 1: the administration could take or that Congress that you see

729
00:40:39,719 --> 00:40:44,000
Speaker 1: in the pipeline that could really, um really force these

730
00:40:44,360 --> 00:40:47,040
Speaker 1: universities to divest. Is that something that's in the works,

731
00:40:47,120 --> 00:40:50,640
Speaker 1: or is that something that could happen in the short term,

732
00:40:51,640 --> 00:40:55,440
Speaker 1: Kevin that that that decision is the president, so I

733
00:40:55,440 --> 00:40:59,200
Speaker 1: don't want to get out ahead of the president. I

734
00:40:59,360 --> 00:41:04,280
Speaker 1: was trying to do was to say, hey, um, you

735
00:41:04,280 --> 00:41:10,080
Speaker 1: you know, these sports have a moral responsibility and perhaps

736
00:41:10,080 --> 00:41:13,799
Speaker 1: the producery duty to really look into this to make

737
00:41:13,840 --> 00:41:17,200
Speaker 1: sure their investments are clean, to make sure they have

738
00:41:17,280 --> 00:41:21,680
Speaker 1: clean endowment funds. UM. You know, there's a number of

739
00:41:22,760 --> 00:41:26,160
Speaker 1: uh these companies on the entity list and also once

740
00:41:26,239 --> 00:41:31,240
Speaker 1: with human rights violations, and most most of these boards

741
00:41:31,480 --> 00:41:35,560
Speaker 1: don't even realize that they're invested in stocks like this,

742
00:41:35,960 --> 00:41:40,759
Speaker 1: in companies like this, who you know, uh perpetuate these

743
00:41:40,840 --> 00:41:44,399
Speaker 1: human rights abuses like in hing John um where they've

744
00:41:44,440 --> 00:41:50,120
Speaker 1: set up you know, internment camps um that really uh

745
00:41:50,239 --> 00:41:55,200
Speaker 1: are trying to get rid of religious freedoms uh the

746
00:41:56,000 --> 00:42:02,120
Speaker 1: readers and um uh and other Muslim groups in terms

747
00:42:02,160 --> 00:42:08,680
Speaker 1: of their cultural diversity by h sterilization, abortion, torture, um,

748
00:42:08,719 --> 00:42:12,920
Speaker 1: all of that, and that labors being shipped everywhere uh

749
00:42:13,239 --> 00:42:17,799
Speaker 1: throughout China, and and so this this is something that

750
00:42:17,840 --> 00:42:21,719
Speaker 1: they should discuss as a board. So that's all I

751
00:42:21,800 --> 00:42:23,560
Speaker 1: was trying to do is really alert them to that

752
00:42:23,640 --> 00:42:25,480
Speaker 1: fact because I can tell you, most of them don't know.

753
00:42:25,840 --> 00:42:29,959
Speaker 1: And most of them UM also don't know about those

754
00:42:30,080 --> 00:42:34,920
Speaker 1: endowment funds because UM they'll they'll invest an emerging index

755
00:42:35,000 --> 00:42:40,240
Speaker 1: funds and there's these Chinese companies that are inside those

756
00:42:40,760 --> 00:42:43,920
Speaker 1: index funds. So and by the way, it's very similar

757
00:42:44,680 --> 00:42:48,880
Speaker 1: uh to the TSP and that is the pension funds

758
00:42:49,360 --> 00:42:54,360
Speaker 1: for our warriors and our civil servants UM where uh

759
00:42:54,520 --> 00:42:59,040
Speaker 1: you know, Larry Cutlow and Ambassador Brian head of the

760
00:42:59,160 --> 00:43:04,760
Speaker 1: nsc UM UH wrote to our Secretary of Labor UH

761
00:43:04,760 --> 00:43:10,200
Speaker 1: Scalia about you know, hey, UM, let's not include this

762
00:43:10,600 --> 00:43:13,319
Speaker 1: in the CENTIL. But so even in the state touch

763
00:43:13,400 --> 00:43:17,680
Speaker 1: and funds is there as well, so it's prevalent. And

764
00:43:17,680 --> 00:43:21,640
Speaker 1: and then on top of that, you had the President's

765
00:43:21,800 --> 00:43:27,400
Speaker 1: UH Financial Working Group make their recommendations, uh you know

766
00:43:27,480 --> 00:43:33,279
Speaker 1: about the Chinese UM companies listed on the stock exchange.

767
00:43:33,920 --> 00:43:37,279
Speaker 1: And as you know, they don't have to uh have

768
00:43:37,400 --> 00:43:45,360
Speaker 1: the same transparency uh accountability that um US companies do.

769
00:43:45,400 --> 00:43:48,240
Speaker 1: They don't have to do Star Bay Oxley. You can't

770
00:43:48,440 --> 00:43:51,719
Speaker 1: um aunor their books all the way because they won't

771
00:43:51,760 --> 00:43:55,080
Speaker 1: turn over the working papers because there's a law in

772
00:43:55,080 --> 00:43:58,680
Speaker 1: in China that says we don't have to disclose anything

773
00:43:58,719 --> 00:44:02,560
Speaker 1: to that uh, based on national security, and it's a

774
00:44:02,760 --> 00:44:06,920
Speaker 1: tremendous risk for American investors. It also creates an un

775
00:44:07,040 --> 00:44:11,120
Speaker 1: level playing field for our company. And not even just

776
00:44:12,400 --> 00:44:14,319
Speaker 1: it's also just I mean just from a page I

777
00:44:14,320 --> 00:44:16,759
Speaker 1: mean just not even just from an investor standpoint, just

778
00:44:16,800 --> 00:44:19,520
Speaker 1: from a small business perspective. I mean the fact that

779
00:44:19,520 --> 00:44:21,520
Speaker 1: that that when you when you talk about you know,

780
00:44:21,600 --> 00:44:24,839
Speaker 1: civil servants having investment ties in America, that they could

781
00:44:24,880 --> 00:44:28,959
Speaker 1: be knowingly, unknowingly having financial tellings with the Communist Party.

782
00:44:28,960 --> 00:44:32,120
Speaker 1: It's just it's just, you know that, it's really an

783
00:44:32,120 --> 00:44:34,440
Speaker 1: issue that I think and even if you look at

784
00:44:34,440 --> 00:44:37,359
Speaker 1: colleges and universities and and and the conversations that they

785
00:44:37,360 --> 00:44:39,280
Speaker 1: have across the country on a host of different issues,

786
00:44:39,320 --> 00:44:42,200
Speaker 1: and then meanwhile the endowments are being linked to the

787
00:44:42,200 --> 00:44:45,279
Speaker 1: Communist Party. It's it's really fascinating. Keith Track, I know

788
00:44:45,320 --> 00:44:46,799
Speaker 1: I'm gonna catch up with you later this week on

789
00:44:46,800 --> 00:44:50,120
Speaker 1: Bloomberg Television. Thank you so much for making time for me,

790
00:44:50,600 --> 00:44:54,359
Speaker 1: Keith a Mr Undersecretary UH this evening. I appreciate that

791
00:44:54,400 --> 00:44:57,520
Speaker 1: as always, UH. And you can read my exclusive report

792
00:44:57,560 --> 00:45:00,399
Speaker 1: on the Bloomberg terminal at of course on Bloomberg dot Com.

793
00:45:00,480 --> 00:45:03,239
Speaker 1: Keith Rock is the under Secretary for Economic Affairs at

794
00:45:03,239 --> 00:45:05,759
Speaker 1: the U. S. State Department. Coming up more reaction from

795
00:45:05,760 --> 00:45:08,920
Speaker 1: the panel. I'm Kevin Sirelli, cheap Washington correspondent for Bloomberg

796
00:45:08,960 --> 00:45:12,320
Speaker 1: Television and for Bloomberg Radio. You can download the Bloomberg

797
00:45:12,360 --> 00:45:15,759
Speaker 1: sound on podcast on all ways that you get the Bloomberg.

798
00:45:15,800 --> 00:45:21,759
Speaker 1: You're listening to Bloomberg. You're listening to Bloomberg sound on

799
00:45:21,840 --> 00:45:25,839
Speaker 1: with Kevin Surile on Bloomberg and one oh five point

800
00:45:25,920 --> 00:45:29,880
Speaker 1: seven f M h D two. My name is Kevin SURRELEI.

801
00:45:29,920 --> 00:45:32,560
Speaker 1: I'm the chief Washington correspondent for Bloomberg Television and for

802
00:45:32,640 --> 00:45:37,560
Speaker 1: Bloomberg RADDO. Remember, folks, you can follow along with us

803
00:45:38,400 --> 00:45:44,080
Speaker 1: David Weston myself, the whole squad across platform on Bloomberg Radio,

804
00:45:44,400 --> 00:45:50,480
Speaker 1: on Bloomberg Television and as we cover the conventions. Speaking

805
00:45:50,520 --> 00:45:53,400
Speaker 1: of which, the reignings for the convention. Did you see this?

806
00:45:54,360 --> 00:45:59,080
Speaker 1: Did you see this? Uh? First night of the d

807
00:45:59,200 --> 00:46:02,560
Speaker 1: n C tanks and TV ratings Compared to from the

808
00:46:02,600 --> 00:46:06,200
Speaker 1: New York Post, the first night of the Virtual Democratic

809
00:46:06,280 --> 00:46:09,080
Speaker 1: National Convention is largely a snooze fest. And that was

810
00:46:09,120 --> 00:46:12,120
Speaker 1: reflected in its dismal TV ratings, which tanked compared to

811
00:46:12,160 --> 00:46:19,320
Speaker 1: the opening festivities. Um they averaged the networks CBS, NBC, ABC, Fox,

812
00:46:19,400 --> 00:46:23,319
Speaker 1: MSNBC and CNN eighteen point six eight million viewers during

813
00:46:23,360 --> 00:46:28,120
Speaker 1: the overlapping hour of coverage beginning at ten, which is,

814
00:46:28,160 --> 00:46:31,800
Speaker 1: of course, when they're going to be doing this, Uh,

815
00:46:31,880 --> 00:46:36,200
Speaker 1: when they're dipping in for that. I mean, hey, who knows?

816
00:46:36,320 --> 00:46:40,320
Speaker 1: Who knows anymore? Joining us? People who do know? They're

817
00:46:40,400 --> 00:46:43,879
Speaker 1: Josh Gawper, co founder and partner of public relations firm

818
00:46:43,920 --> 00:46:46,960
Speaker 1: Tried MTMG and the law firm Davis Goldberg and Galper And,

819
00:46:47,000 --> 00:46:49,960
Speaker 1: a former d NC convention speech writer. And Brian Darling,

820
00:46:50,800 --> 00:46:54,839
Speaker 1: former senior communications director for Senator Ran Paul and the

821
00:46:54,880 --> 00:47:00,440
Speaker 1: founder of Liberty Government Affairs Jents. Thanks for staying with me, Brian,

822
00:47:00,800 --> 00:47:03,439
Speaker 1: Sorry about the phone issue earlier on in the hour,

823
00:47:03,480 --> 00:47:05,080
Speaker 1: but I'm gonna let you go first. And what's my

824
00:47:05,120 --> 00:47:08,560
Speaker 1: favorite part of the show. Tell me something. I don't

825
00:47:08,640 --> 00:47:13,080
Speaker 1: know what's on your radar? Well, I think what's on

826
00:47:13,120 --> 00:47:15,600
Speaker 1: my radar is something similar what's on a lot of

827
00:47:15,640 --> 00:47:19,040
Speaker 1: Americans radar. This whole postal issue in the postal bill

828
00:47:19,280 --> 00:47:21,719
Speaker 1: vote that's coming up on Saturday. One of the things

829
00:47:21,800 --> 00:47:23,680
Speaker 1: I think is under reported is the fact that the

830
00:47:23,680 --> 00:47:26,240
Speaker 1: Post Service just already got a bail up. They already

831
00:47:26,280 --> 00:47:29,200
Speaker 1: got ten billion dollars in loans in the last bail

832
00:47:29,280 --> 00:47:32,120
Speaker 1: out of package. So I don't think many Americans understand

833
00:47:32,160 --> 00:47:34,640
Speaker 1: that we're funneling billions of dollars to the post Office

834
00:47:34,680 --> 00:47:36,839
Speaker 1: and they can't turn a profit. All right, Well, let's

835
00:47:36,920 --> 00:47:38,920
Speaker 1: let's dive into this because a lot of people are

836
00:47:38,920 --> 00:47:42,720
Speaker 1: talking about the US Postal Service. Reading from the Bloomberg terminal,

837
00:47:42,800 --> 00:47:47,160
Speaker 1: Todd Shields and Eric Larson. Postmaster General Lewis de Joyce

838
00:47:47,160 --> 00:47:50,759
Speaker 1: said that he is suspending changes to mail service that

839
00:47:50,840 --> 00:47:55,280
Speaker 1: raised concerns over slow delivery of ballots in the fall election.

840
00:47:55,840 --> 00:47:59,680
Speaker 1: After Democrats accused President Trump of hampering the vote by

841
00:47:59,719 --> 00:48:03,440
Speaker 1: mail process, he wrote, quote in an email statement, quote

842
00:48:04,000 --> 00:48:07,920
Speaker 1: to avoid even the appearance of any impact on election mail,

843
00:48:08,360 --> 00:48:14,680
Speaker 1: I am suspending these initiatives until after the election is concluded. Meanwhile, folks,

844
00:48:14,680 --> 00:48:19,319
Speaker 1: he's actually gonna testify on Capitol Hill UH and the

845
00:48:19,480 --> 00:48:24,080
Speaker 1: Senate Homeland Security and Governmental Affairs Committee on Friday. He's

846
00:48:24,080 --> 00:48:28,759
Speaker 1: actually going to appear twice before Congress this week. I

847
00:48:28,800 --> 00:48:31,919
Speaker 1: apologize this week before the Senate and on Monday before

848
00:48:31,920 --> 00:48:37,960
Speaker 1: the House Committee on Oversight and Reform. Speaker Pelosi is actually,

849
00:48:37,960 --> 00:48:41,880
Speaker 1: as you mentioned, Bran, she called the House back and

850
00:48:41,920 --> 00:48:44,560
Speaker 1: they're gonna vote on dollars in funding. I don't think

851
00:48:44,600 --> 00:48:47,240
Speaker 1: it's going to go anywhere in the Republican controlled Senate.

852
00:48:47,520 --> 00:48:49,560
Speaker 1: All right, So that's it's on your radar. But before

853
00:48:49,600 --> 00:48:51,440
Speaker 1: I ask you, Josh, f it's on your radar, I mean,

854
00:48:51,600 --> 00:48:53,759
Speaker 1: why in on this mail in voting. I mean last

855
00:48:53,840 --> 00:48:56,400
Speaker 1: night it was a keynote for for Michelle Obama, and

856
00:48:56,440 --> 00:48:58,799
Speaker 1: she said, you know, be all over this, folks, and

857
00:48:58,800 --> 00:49:02,759
Speaker 1: and get and get all over it. Yeah, And I

858
00:49:02,800 --> 00:49:06,479
Speaker 1: think it is incredibly important for people to be all

859
00:49:06,520 --> 00:49:09,680
Speaker 1: over it. I hope that every American is heating uh

860
00:49:09,800 --> 00:49:11,960
Speaker 1: that word. I think that there are people on both

861
00:49:12,000 --> 00:49:14,160
Speaker 1: sides of the aisle who are king on in on

862
00:49:14,200 --> 00:49:17,240
Speaker 1: the fact that there's been a lot of chaos created

863
00:49:17,600 --> 00:49:21,839
Speaker 1: through the President's statements, which all add up to, you know,

864
00:49:22,160 --> 00:49:25,880
Speaker 1: an attempt to undermine this election. You are prescient, Kevin,

865
00:49:26,040 --> 00:49:30,600
Speaker 1: in devoting your special recently to this issue. I do

866
00:49:30,760 --> 00:49:33,520
Speaker 1: I do recommend folks see it, to see all sides

867
00:49:33,719 --> 00:49:36,000
Speaker 1: right and to learn a lot more about it. But

868
00:49:36,040 --> 00:49:41,680
Speaker 1: I think, well, no, really I do, and I think that, um,

869
00:49:41,719 --> 00:49:45,520
Speaker 1: you know, when you see what Joyce said, um, you know,

870
00:49:45,640 --> 00:49:48,000
Speaker 1: that's all well and good, but man, there's a lot

871
00:49:48,040 --> 00:49:51,440
Speaker 1: more to get into here. Uh. Not only do we

872
00:49:51,480 --> 00:49:54,040
Speaker 1: have to make sure that there is a permanent reversal

873
00:49:54,160 --> 00:49:56,920
Speaker 1: of moves that he has made since June pretty much

874
00:49:56,960 --> 00:49:59,720
Speaker 1: under the radar. This is uh, you know, a simply

875
00:49:59,760 --> 00:50:02,040
Speaker 1: get complex issue for people to get but I think

876
00:50:02,080 --> 00:50:05,960
Speaker 1: people are grasping it, especially as state officials grab hold

877
00:50:06,000 --> 00:50:09,600
Speaker 1: of this and they're circling to uh, you know, Sue

878
00:50:09,840 --> 00:50:13,600
Speaker 1: and make sure that you know, none of these reversals

879
00:50:13,600 --> 00:50:16,200
Speaker 1: can be reversed again because there has been a lot

880
00:50:16,200 --> 00:50:19,839
Speaker 1: of confusion. I also think that at these oversight hearings,

881
00:50:19,840 --> 00:50:22,919
Speaker 1: what you're gonna hear about, certainly in the house, um,

882
00:50:23,040 --> 00:50:26,600
Speaker 1: is some of this gentleman's background. It doesn't appear to

883
00:50:26,680 --> 00:50:30,000
Speaker 1: me that there was a huge amount of perhaps vetting,

884
00:50:30,000 --> 00:50:33,280
Speaker 1: but that's no surprise to you at this administration, before

885
00:50:33,400 --> 00:50:36,560
Speaker 1: this person was put into place, he has a lot

886
00:50:36,600 --> 00:50:40,879
Speaker 1: of business interest, business ties that conflict with the operations

887
00:50:41,000 --> 00:50:42,880
Speaker 1: of the postal Service, and I think they're gonna be

888
00:50:42,960 --> 00:50:46,759
Speaker 1: some really tough questions that we're gonna learn about, find

889
00:50:46,800 --> 00:50:48,680
Speaker 1: out why it is that he saw us these business

890
00:50:48,800 --> 00:50:51,680
Speaker 1: ties one of the things that do business. One of

891
00:50:51,719 --> 00:50:54,920
Speaker 1: the things that I learned in reporting out that special

892
00:50:54,960 --> 00:50:58,879
Speaker 1: on mail and voting was just about how in other

893
00:50:58,960 --> 00:51:03,520
Speaker 1: countries the voting infrastructure is a largely non part is

894
00:51:03,560 --> 00:51:07,799
Speaker 1: an issue, and there is the infrastructure, the bureaucratic infrastructure

895
00:51:07,840 --> 00:51:11,560
Speaker 1: exists in our country for that to take hold, but

896
00:51:11,640 --> 00:51:14,480
Speaker 1: it would need significant political buy in from both parties.

897
00:51:14,920 --> 00:51:17,439
Speaker 1: And it really extends in the long term, and not

898
00:51:17,560 --> 00:51:20,359
Speaker 1: just from the sense of between now and November three.

899
00:51:20,360 --> 00:51:23,160
Speaker 1: I'm talking a decade, two decades out from now when

900
00:51:23,880 --> 00:51:27,520
Speaker 1: we are all you know, voting dare I say it

901
00:51:27,560 --> 00:51:31,520
Speaker 1: digitally or through other infrastructures. And so if if, if,

902
00:51:31,640 --> 00:51:33,719
Speaker 1: if we as a country, you're going to plan for that.

903
00:51:33,719 --> 00:51:37,200
Speaker 1: That has to start now, because they're already exists, um

904
00:51:37,520 --> 00:51:41,759
Speaker 1: through the intelligence world, in the military world. Um, They're

905
00:51:41,800 --> 00:51:44,879
Speaker 1: they're they already had that the foundation for that infrastructure

906
00:51:44,880 --> 00:51:47,600
Speaker 1: and in fact, some of the networks of how we vote,

907
00:51:48,040 --> 00:51:51,960
Speaker 1: um and and transmit. They have a synergy with the states.

908
00:51:52,120 --> 00:51:55,680
Speaker 1: Obviously states run elections, but there's a synergy from the

909
00:51:55,719 --> 00:52:00,360
Speaker 1: federal government. But to enhance that synergy, would our youbly

910
00:52:00,440 --> 00:52:03,440
Speaker 1: better prepare us for ten twenty years from now when

911
00:52:03,440 --> 00:52:05,839
Speaker 1: we're not voting by mail and we are voting via

912
00:52:05,920 --> 00:52:10,600
Speaker 1: another mechanism UM and protecting ourselves and the and the

913
00:52:10,640 --> 00:52:14,920
Speaker 1: foundation of democracy and the integrity of elections from hostile

914
00:52:14,960 --> 00:52:18,680
Speaker 1: foreign powers. So I think that this issue is just

915
00:52:18,880 --> 00:52:21,600
Speaker 1: a drop in the ocean in terms of what we

916
00:52:21,640 --> 00:52:23,480
Speaker 1: as a country you're going to be facing to protect

917
00:52:23,880 --> 00:52:26,640
Speaker 1: our elections over the long term. Alright, So, Brian, that

918
00:52:26,719 --> 00:52:28,640
Speaker 1: was a great one for what's on your radar, Josh,

919
00:52:28,640 --> 00:52:32,560
Speaker 1: what's on your radar? Well, on my radar. First of all,

920
00:52:32,760 --> 00:52:34,600
Speaker 1: is the end of this um, you know, is the

921
00:52:34,640 --> 00:52:36,799
Speaker 1: next three nights of this great convention you know the

922
00:52:36,880 --> 00:52:40,040
Speaker 1: Democratic Party is putting on. But I'm I'm really also

923
00:52:41,200 --> 00:52:44,560
Speaker 1: very you know, focused on watching what the Republicans have

924
00:52:44,719 --> 00:52:48,520
Speaker 1: to offer next week, UM, and I guarantee you it's

925
00:52:48,560 --> 00:52:50,719
Speaker 1: going to be an opposite sort of feeling of what

926
00:52:50,760 --> 00:52:53,360
Speaker 1: you're seeing here. You're not going to see I think

927
00:52:53,600 --> 00:52:57,360
Speaker 1: a convention that represents Americans going out of its way

928
00:52:57,680 --> 00:53:01,560
Speaker 1: to broaden UM its reach UH to people to bring

929
00:53:01,600 --> 00:53:03,239
Speaker 1: them in. This is going to be I think a

930
00:53:03,320 --> 00:53:07,160
Speaker 1: convention that is all about tripling down on the base.

931
00:53:07,239 --> 00:53:10,719
Speaker 1: It's enthusiastic and it's frankly shrinking. Um and we see

932
00:53:10,760 --> 00:53:13,600
Speaker 1: that in in Nashville polls and UM. You know, I

933
00:53:13,680 --> 00:53:17,080
Speaker 1: think for the Democratic Party that will all be well

934
00:53:17,120 --> 00:53:20,560
Speaker 1: and good. And I alshow wonder how planned out they're

935
00:53:20,600 --> 00:53:23,160
Speaker 1: going to be. I mean they've they've lurched around. The

936
00:53:23,200 --> 00:53:26,840
Speaker 1: Republican Party has from doing it in person to changing

937
00:53:26,880 --> 00:53:31,000
Speaker 1: cities to paring it down. Um. I have no idea

938
00:53:31,040 --> 00:53:32,759
Speaker 1: what to expect, but they They've got a lot of

939
00:53:32,760 --> 00:53:35,279
Speaker 1: hours of TV to phil She's part of the things

940
00:53:35,440 --> 00:53:37,160
Speaker 1: top plane of view. The conventions are going to be

941
00:53:37,200 --> 00:53:39,480
Speaker 1: a wash this year. But what do I know. The

942
00:53:39,520 --> 00:53:42,240
Speaker 1: thing that's all my radar is actually up north Canada,

943
00:53:42,480 --> 00:53:45,480
Speaker 1: Canadian Land. We head over the border justin. Trudeau named

944
00:53:45,520 --> 00:53:49,320
Speaker 1: Christia Freeland as Canada's new finance minister and is expected

945
00:53:49,360 --> 00:53:53,120
Speaker 1: to suspend parliament in an attempt to reset his government's agenda.

946
00:53:53,200 --> 00:53:55,960
Speaker 1: Freeland fifty two this morning on Tuesday during a ceremony

947
00:53:56,000 --> 00:53:57,839
Speaker 1: in Ottawa. She of course, is one of the top

948
00:53:57,880 --> 00:54:01,920
Speaker 1: negotiators during the usmc a uh deal, and she becomes

949
00:54:01,960 --> 00:54:04,880
Speaker 1: the first woman to hold the position, replacing Bill Monroe

950
00:54:05,000 --> 00:54:08,920
Speaker 1: because Monroe had to step down on Monday because of

951
00:54:08,960 --> 00:54:11,759
Speaker 1: all these growing divisions between his department and the Prime

952
00:54:11,800 --> 00:54:13,919
Speaker 1: Minister's office. There was a lot of beef there, so

953
00:54:14,280 --> 00:54:17,560
Speaker 1: there's some controversy up there. For for j T. Thank

954
00:54:17,640 --> 00:54:20,920
Speaker 1: you to Brian, Thank you to Josh. Thank you to

955
00:54:21,120 --> 00:54:24,840
Speaker 1: Keith Crock and Tyler Pager and Jeff Weaver. I'm Kevin's

956
00:54:24,880 --> 00:54:26,400
Speaker 1: Really that does it for me. I'm the chief Washington

957
00:54:26,440 --> 00:54:29,120
Speaker 1: correspondent for Bloomberg Television and Bloombergradio. I'm headed to the

958
00:54:29,160 --> 00:54:34,000
Speaker 1: White House as we continue our coverage of the virtual conventions.

959
00:54:34,640 --> 00:54:36,920
Speaker 1: Check out my special mail and voting cross platform to

960
00:54:36,960 --> 00:54:40,399
Speaker 1: search for it. It's everywhere on the Bloomberg's. You're listening

961
00:54:40,440 --> 00:54:41,000
Speaker 1: to Bloomberg