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Speaker 1: Live from our Nation's All Talk here in Washington, d

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Speaker 1: C turns to President Elect Joe Biden's administration, historically speaking

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Speaker 1: the markets that performed better when there is divided government.

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Speaker 1: The biggest pressure for physical stimulus is an up taking cases.

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Speaker 1: Bloomberg Sound On the Insiders, the Influencers, The Insiders siding

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Speaker 1: has Thomas again and again that he will unite the

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Speaker 1: country's state government's control elections US in the constitution. I

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Speaker 1: think that we can expect a smooth, thoughtful, methodical transition.

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Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg Radio.

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Speaker 1: Send a Majority. Leader Mitch McConnell says no vote on

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Speaker 1: two thousand dollars stimulus. Checks this even as Senators Kelly

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Speaker 1: Leffler and David Purdue race toward the Georgia runoff finish

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Speaker 1: line and they say they're in favor of two thousand

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Speaker 1: dollar stimulus. Checks. All of that, plus Vice President elect

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Speaker 1: of Kamala Harris gets vaccinated earlier today in the district.

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Speaker 1: We've got every angle covered. We begin tonight with the

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Speaker 1: big story, President Elect Joe Biden saying earlier today that

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Speaker 1: his tell it like it is update on the coronavirus

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Speaker 1: includes a list of I told you first, saying that

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Speaker 1: he believes the death toll of Americans due to the

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Speaker 1: coronavirus would reach four hundred thousand by the time President

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Speaker 1: Trump leaves office in January. Next, he went on to

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Speaker 1: bash the Trump administration for failing to come through on

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Speaker 1: their promise of twenty million vaccines by the end of

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Speaker 1: the year. And we've got sound on that right here

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Speaker 1: and the face of accent. The vaccination program is moving

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Speaker 1: now as if you continues movies is now. It's gonna

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Speaker 1: take years, not months, to vaccinate the American people. Meanwhile,

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Speaker 1: Vice President elect Kamala Harris being vaccinated in the nation's

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Speaker 1: capital with her husband earlier today. Right now it's been vaccinated.

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Speaker 1: As Joe likes to say, there's a big difference between

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Speaker 1: the vaccine and vaccinations. I want to encourage everyone to

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Speaker 1: get the vaccine. Elsewhere on Capitol Hill, sent a majority

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Speaker 1: Leader Mitch McConnell blocking a vote put forth by sentiment

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Speaker 1: Alardy Leader Chuck Schumer on the floor today that would

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Speaker 1: have increased the stimulus payments to two thousand dollars. This

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Speaker 1: despite arden push from President Donald Trump. Here sent a

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Speaker 1: majority leader Mitch McConnell. Those are the three important so

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Speaker 1: I beats to the President has linked together. This week,

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Speaker 1: the Senate will begin a process to bring these three

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Speaker 1: priorities into focus. Nancy Cook is a Bloomberg White House reporter.

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Speaker 1: She joins US via telephone. She was with Vice President

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Speaker 1: elect Kamala Harris when she was vaccinated. Nancy, it seems

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Speaker 1: that the Biden incoming Biden administration wanted to talk about

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Speaker 1: vaccines today. But what will they be doing differently that

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Speaker 1: they've outlined in order to get more people vaccinated? Well,

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Speaker 1: I think that what happened what we saw today with

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Speaker 1: them excuse me, vice President elect Harris as she went

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Speaker 1: to a predominantly African American community in Washington, d C.

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Speaker 1: To talk not just about um, you know that need

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Speaker 1: to get a vaccine and sort of the distribution issues

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Speaker 1: which Biden talked about later today, but just to try

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Speaker 1: to encourage people a different minority groups, just everyone around

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Speaker 1: the country that they should get vaccinated and that it's

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Speaker 1: important and try to sort of allay some of people's

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Speaker 1: nervousness about getting the vaccine. She's stressed that it was

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Speaker 1: very easy. She barely felt it. Um and that was

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Speaker 1: a very purposeful thing to do it in this um,

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Speaker 1: you know, African American community in DC. And then later

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Speaker 1: we heard from President Biden outlining all of the steps

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Speaker 1: that he was going to take, like trying to ensure

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Speaker 1: that people wore masks during the first one days of

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Speaker 1: his administration. UM. Most interestingly, I thought he said he

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Speaker 1: would use a Defense Production Act to ramp up the

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Speaker 1: tools that they need to make the vaccine. The Trump

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Speaker 1: administration had had been very reluctant to use the Defense

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Speaker 1: to Production Act to um, you know, get supplies or

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Speaker 1: ppe going. But it sounds like the Biden administration is

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Speaker 1: going to move forward with that. And so today was

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Speaker 1: really about how they're going to deal with COVID, which

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Speaker 1: is going to be one of the key issues they

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Speaker 1: face when they take off of And meanwhile, I mean

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Speaker 1: to this point that Vice President elect Kamala Harris spoke

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Speaker 1: to Nancy about there being a trust in the vaccine.

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Speaker 1: I mean, I've said it before on this program. I mean,

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Speaker 1: the the political water cooler talk for months now that

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Speaker 1: everyone's asking everyone is are you going to get the

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Speaker 1: vaccine once it is made available? This is not like

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Speaker 1: getting an update to your iPhone. I mean, this is

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Speaker 1: something that has been researched even before the pandemic, but

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Speaker 1: something that has been researched for more than a decade,

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Speaker 1: this particular strain of a virus. So what could be

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Speaker 1: done from a policy standpoint, but in addition to the

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Speaker 1: emergency use authorization that they're talking about on Capitol Hills,

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Speaker 1: such as more funding for a national type of conversation,

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Speaker 1: and this has Republican support as well as you know

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Speaker 1: Nancy to to to use the ad Council for example,

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Speaker 1: in order to get trust in the vaccine. Clearly this

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Speaker 1: was something that the Biden administration views as important. Well,

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Speaker 1: I think that what they're trying to do is just

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Speaker 1: set an example with their own leadership. You know, we

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Speaker 1: saw the President elect and his wife get vaccinated on camera.

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Speaker 1: We saw Harris get vaccinated this morning. Whenever we see them,

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Speaker 1: we see them wearing masks, we see if the people

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Speaker 1: around them wearing masks. They're really trying to showcase through

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Speaker 1: their own actions, the best practices, and that is a

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Speaker 1: change from the Trump administration, where sometimes people wear masks,

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Speaker 1: sometimes they don't. Very often. The President himself doesn't wear masks.

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Speaker 1: He downplays it. And so I think that in addition

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Speaker 1: to sort of laying out plans policy plans like the

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Speaker 1: Defense Production Act or trying to talk more about how

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Speaker 1: you will ramp up vaccine distribution to the States, I

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Speaker 1: think they're just also trying to model good behavior. Meanwhile,

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Speaker 1: of sixteen countries that have begun administering vaccines, there have

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Speaker 1: been four point six estimated vaccines administered worldwide, two point

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Speaker 1: one three million vaccines administered in the United States alone.

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Speaker 1: The United States is has has administered the most vaccines

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Speaker 1: of those countries. Elsewhere on the virus front, New York

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Speaker 1: City has administered sixty seven thousand plus COVID vaccine doses

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Speaker 1: as of yesterday evening, about seventeen of the total delivered

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Speaker 1: to the most populous US city, Arizona, meanwhile, recording the

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Speaker 1: most deaths since July. The EU is going to get

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Speaker 1: an extra do uh one hundred million doses of the

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Speaker 1: Fiser vaccine. Nancy cooks with me Bloomberg White House Reporter.

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Speaker 1: Let's pivot now, it's at the Capitol Hill, where, of course,

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Speaker 1: Leader McConnell said that there is not going to be

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Speaker 1: a vote on the two thousand dollar aid checks. What's

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Speaker 1: the reaction been from the White House. Well, I think

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Speaker 1: that the White House, you know, the President Trump was

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Speaker 1: so disengaged from the stimulus package until really over the

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Speaker 1: weekend after some intense lobbying by senators and just um

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Speaker 1: you know Mark Meadows, the chief of Staff, the Treasury

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Speaker 1: Secretary of friends of his, and really you know, he

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Speaker 1: was the one that was pushing in the idea that

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Speaker 1: it should be a larger stimulus check. We saw the

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Speaker 1: Georgia Senate candidates um coming on board with that idea.

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Speaker 1: But it's an idea that Mitch McConnell basically threw water

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Speaker 1: on today through cold water on today. It's not something

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Speaker 1: that it looks like they're going to move forward with.

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Speaker 1: They're going to go home again at the end of

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Speaker 1: the week, and so it seems like, you know, more

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Speaker 1: Republicans would have been able, would have had to join

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Speaker 1: the Democrats for that to move forward, and it doesn't

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Speaker 1: look like that's going to move forward. It looks like

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Speaker 1: you know, President Trump or mean completely disengage on the

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Speaker 1: stumals for a long time before cling into it, and

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Speaker 1: now it seems like he's not going to get his

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Speaker 1: wish on um on those bigger checks for people, and

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Speaker 1: yet it could open up a door for the Biden

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Speaker 1: administration to look at the Republicans who backed this and said, hey,

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Speaker 1: in the first one days and we're talking about another

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Speaker 1: round of economic relief, maybe come on board with us.

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Speaker 1: Final minute and a half that I have left with you,

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Speaker 1: Nancy Cook Bloomberg, White House reporter, I got to ask

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Speaker 1: you about January six. Coming up, we'll talk about the

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Speaker 1: Georgia runoff. But how has leader McConnell been navigating through

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Speaker 1: the certification of the electoral College vote publicly and privately?

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Speaker 1: Do we know any details? Well, I'm working at a

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Speaker 1: story about that now. So that's a great question, Kevin.

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Speaker 1: But I think I think it's not just McConnell who's

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Speaker 1: working through it. It's also the Vice President Mike Pence,

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Speaker 1: because it puts him in such such a tricky position where, um,

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Speaker 1: you know, he really has tried to shy away from

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Speaker 1: all of the President's conspiracy theories about election fraud, um

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Speaker 1: while also appearing to be a good soldier um and

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Speaker 1: and someone who's loyal to the president, and so keeping

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Speaker 1: his options open totally. I mean, it's such a key

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Speaker 1: moment for him, and so in addition to what McConnell's doing,

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Speaker 1: I'm really just going to be watching what Pence does.

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Speaker 1: You know. Pence basically high tailed it out of town

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Speaker 1: and is in Bail, Colorado with his family now, but

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Speaker 1: he's going to have to come back and face this

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Speaker 1: before going on another trip. And so I am most interested,

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Speaker 1: I think to watch he positions himself next week and

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Speaker 1: and sort of how the President reacts to that. The

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Speaker 1: President has not been reacting well to people who he

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Speaker 1: perceives are just loyal to him with all of these

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Speaker 1: election conspiracy ideas, and so how does he react if

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Speaker 1: if Pence doesn't do what he wants? I think it's

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Speaker 1: a real open question, and could they primary each other

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Speaker 1: in the intrigue? Never content never ends. But I have

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Speaker 1: to be honest as a political presidential politics junkie, I

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Speaker 1: have to be candid here all of this issues with

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Speaker 1: the two thousand dollar checks and Senator Josh Holly coming

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Speaker 1: out in favor for it. You've got the Vice President

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Speaker 1: Mike Penn's angle, President Trump's angle for his political options,

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Speaker 1: and the populous streak of conservatism versus Senator Cruizes concerns

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Speaker 1: of twenty seven trillion dollars in debt. Nancy Cook. We

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Speaker 1: are political junkies and that's why we love to do

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Speaker 1: what we do. I'm thrilled to have you as a colleague, Nancy.

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Speaker 1: Welcome to the team. Bloomberg White House Reporter. Uh, just

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Speaker 1: an all star reporter, and please look out for that article.

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Speaker 1: I know I will be as well on the Bloomberg terminal.

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Speaker 1: Coming up next me pivots to markets. I'm Kevin Cereli,

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Speaker 1: Chief watching A correspondent for Bloomberg Television and for Bloomberg Radio.

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Speaker 1: You're listening to Bloomberg. This is Bloomberg's Sound on with

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Speaker 1: Kevin Surreley on Bloomberg and one oh five point seven

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Speaker 1: f m HD two. I'm Kevin Cereli, Chief Washington correspondent

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Speaker 1: for Bloomberg Television and for Bloomberg Radio. Coming up in

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Speaker 1: the next hour, Max Burns joins me along with Scott Tranner.

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Speaker 1: We'll talk all things on the stimulus front. Really fascinating

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Speaker 1: storylines emerging that will set us up for the beginning

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Speaker 1: of the next mid term and presidential election cycle. With

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Speaker 1: Leader McConnell a buffing President Trump and the Democrats by

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Speaker 1: blocking two thousand dollars stimulus aid check votes. But first

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Speaker 1: let's get a check on what's been going on in

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Speaker 1: the markets, because the markets were reacting to that, folks.

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Speaker 1: Earlier today, the U S stocks pulled back from record highs,

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Speaker 1: with small cap shares posting their biggest drop in a

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Speaker 1: month as prospects faded for bigger government aid checks to individuals.

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Speaker 1: The dollar weekend, the Russell two thousand index tumbled almost

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Speaker 1: two percent, while the SMP five hundred finished only slightly lower,

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Speaker 1: and Engage of Global Equities was set to close at

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Speaker 1: a record after the U S. House back President Donald

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Speaker 1: Trump's proposal to boost aid checks for individuals, but pulled

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Speaker 1: back from its hie of the day as Senate Republicans

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Speaker 1: blocked and attempt by Democrats to increase the direct payments

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Speaker 1: to two thousand dollars from six hundred. I still can't

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Speaker 1: stress this point enough. The Republicans who joined on board

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Speaker 1: for that really forecasting to the incoming Biden administration that

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Speaker 1: they would be willing, willing to negotiate with them in

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Speaker 1: his first one days. Pretty up does with me, Bloomberg

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Speaker 1: Markets Live reporter, Pretty welcome back to the program. Looks

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Speaker 1: like the markets didn't like the leader McConnell block of

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Speaker 1: the two thousand dollar checks absolutely well. Consensus on Wall

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Speaker 1: Street that that six hundred dollar amount just won't be enough.

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Speaker 1: It's not going to be enough to turn the economy

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Speaker 1: is really just gonna head right into people's savings account,

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Speaker 1: if not right under their mattress. So this idea that

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Speaker 1: we really need that two thousand dollar Simuels check is

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Speaker 1: something that Wall Street was really waiting for. A good

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Speaker 1: sign that it got those votes from from the Republicans,

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Speaker 1: a bad sign especially for those small cap stocks. When

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Speaker 1: Mr McConnell blocked that vote. Well, let's take a listen

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Speaker 1: to some reaction on this, because we've got sound on

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Speaker 1: this from Adam Posen, and I spoke with him earlier

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Speaker 1: today along with my colleague Taylor Riggs on Balance of Power.

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Speaker 1: We were filling in for David West, and take a

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Speaker 1: listen to what he said. If you designed this from

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Speaker 1: the start, you would have wanted more emphasis on needs

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Speaker 1: on on state and local government, on unemployed people, on evictions.

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Speaker 1: You already have some of that, but have more of

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Speaker 1: that on loans to small business, not based on giving

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Speaker 1: everybody a check. That was Adam Posen, who is the

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Speaker 1: been since January. Uh, and cretty good to I mean,

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Speaker 1: you know you hear that in terms of how much

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Speaker 1: emphasis there needs to be on state and local government,

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Speaker 1: on unemployed people, on evictions. I mean you hear it

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Speaker 1: right there. The need from more stimulus, absolutely, and it's

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Speaker 1: it's not just coming to I mean you heard him

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Speaker 1: say talked about like targeted areas. So of course the

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Speaker 1: stimulus measure, of course takes apart a lot of these sectors.

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Speaker 1: So it does allocate fifteen billions airline aid, for example,

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Speaker 1: but there's still more airline aid needed. So it's kind

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Speaker 1: of this idea that you're seeing across the sector, this

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Speaker 1: idea that the amount for PPP loans wasn't enough that

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Speaker 1: even though we saw this two point two trillion dollar

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Speaker 1: spending slash stimulus bill, at the end of the day,

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Speaker 1: it's still not enough to weather what we might see

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Speaker 1: in the first quarter, which is essentially more lockdowns and

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Speaker 1: more severe virus situation. And it does certainly won't be

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Speaker 1: enough to warrant the growth that a lot of investors

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Speaker 1: are pricing into the second quarter of where people are

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Speaker 1: expecting widespread vaccine distribution, and they're expecting, uh, this kind

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Speaker 1: the disconnect between this awful first quarter and this great

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Speaker 1: second quarter, and the kind of transition to that is

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Speaker 1: being lost on a lot of investors. That's where the

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Speaker 1: stimulus really comes in, the need for those extra rounds

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Speaker 1: of aid, and that's really why a lot of the

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Speaker 1: emphasis now is being put on those Senate runoff races

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Speaker 1: to say how easily can stimulus be passed in the

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Speaker 1: future if all three parts of the government are controlled

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Speaker 1: by Democrats. It'll be a battle, no doubt. But I

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Speaker 1: think you've raised a really smart point in terms of

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Speaker 1: the expectations that the market is trying to price in.

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Speaker 1: I mean, when you've got President an electro Biden saying

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Speaker 1: that he's going to his administration will oversee the administering

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Speaker 1: of a hundred million vaccine in his first one days,

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Speaker 1: that's a that's a marked goal. And so whether or

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Speaker 1: not his administration is able to do that, that's a

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Speaker 1: goal that they've put out for themselves. Let's look at

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Speaker 1: some optimistic data. On an upnote, US growth stocks are

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Speaker 1: outperforming their value in the final month of the year. Why, well,

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Speaker 1: it has to do with with that defensive trade. And

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Speaker 1: I hate to make a positive note a negative note,

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Speaker 1: but a lot of positions cautious investing. I mean, you're

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Speaker 1: seeing companies like Apple, like Amazon, Microsoft, these are the

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Speaker 1: companies that are getting the bit right. So these are

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Speaker 1: the companies that people think are sure things are investments.

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Speaker 1: There haven't, so going into one they're taking to some

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Speaker 1: of those sure thing investments. The good news that comes

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Speaker 1: out of it is the people whose pension accounts are

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Speaker 1: exposed to the S and P five hundred, which is

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Speaker 1: the majority of the United States of America, they're actually

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Speaker 1: getting quite a lot of gains going into the end

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Speaker 1: of the year. Let's go geo political for a second.

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Speaker 1: There's been so much of a narrative building on the

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Speaker 1: investor front coming from China and with the Communist Party

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Speaker 1: of China's decision UH to try to break up UH

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Speaker 1: Jack Mas Ants and a group. I'm curious what was

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Speaker 1: the day to reaction of that on the on the

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Speaker 1: market front. Well, extremely positive. When the ant company was

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Speaker 1: that came out and said that they're actually turning their

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Speaker 1: company into a holding company, it would actually restrict some

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Speaker 1: of their games, so kind of doing what some of

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Speaker 1: the things that the Chinese authorities were worried about, just

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Speaker 1: that it was getting too big too fast. What it does,

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Speaker 1: on the other hand, is that even though does restrict

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Speaker 1: those gains for itself, it does deal um with some

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Speaker 1: of the restrictions that the Chinese authorities wanted to, some

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Speaker 1: of that anti trust scrutiny. So once again, good news,

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Speaker 1: and it was very clear, not just in the Asian

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Speaker 1: price action, but you saw it over here as well.

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Speaker 1: Not just Ali Babo, which is a company that was

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Speaker 1: directly affected, but of course you saw some of its

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Speaker 1: peers like j D for example. Um, any of those

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Speaker 1: kind of Chinese internet companies that were listed in the

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Speaker 1: United States did really well. Today. It's pretty interesting because

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Speaker 1: tech in the US is going through kind of a

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Speaker 1: similar battle. You've seen Washington really come down and say

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Speaker 1: these tech companies are getting too big. But right now,

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Speaker 1: just given the environment that we're in, that kind of

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Speaker 1: battle against big tech here in the States has kind

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Speaker 1: of been put on pause. Things. Let's just get the

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Speaker 1: economy recovering first, then we'll talk about taxation and regulation

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Speaker 1: down the road. Was there any reaction in terms of

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Speaker 1: other companies about how they're faring, maybe that they're that

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Speaker 1: they're connected somehow to and especially as it relates and

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Speaker 1: I put this to Adam posed in earlier, but as

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Speaker 1: it relates to to foreign investment coming into China. I mean,

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Speaker 1: if the the the process of which Europe and the

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Speaker 1: United States deals with some of these regulatory hurdles is

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Speaker 1: very different, as an understatement, than the Communist Party deals

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Speaker 1: with matters. Uh, And so I guess have we noticed

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Speaker 1: any of those concerns when you talk to investors, when

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Speaker 1: you when you read some of their notes pretty up top. Yeah. Absolutely.

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Speaker 1: So you're not going to see it initially in the

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Speaker 1: stock returns, you know, in tray day, but what you

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Speaker 1: are seeing is this narrative of kind of risk you

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Speaker 1: could see back in one, especially when it brings back

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Speaker 1: kind of those trade war tensions that never really fully

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Speaker 1: got solved. That's a really important issue that people are

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Speaker 1: going to be looking at. And this has a lot

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Speaker 1: to do with tech because if you'll remember one of

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Speaker 1: the pieces of the testimony that the us UM I

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Speaker 1: believe it was the Senate, that these big CEOs of

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Speaker 1: tech companies were testifying at the Senate. One of the

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Speaker 1: arguments they made was that their technology was a point

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Speaker 1: of defense in terms of against China, in terms of

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Speaker 1: its other kind of countries. So this idea here that

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Speaker 1: you don't actually maybe want to break up US big tech,

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Speaker 1: well maybe the Chinese big tech companies are going through

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Speaker 1: these hurdles. There is that narrative out there that hey,

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Speaker 1: well maybe this is actually kind of a geopolitical strategy,

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Speaker 1: maybe a point of defense that we could do by

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Speaker 1: using Silicon Valley and kind of saying, well, we'll push

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Speaker 1: off the regulation down the road. But once again, that's

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Speaker 1: just one narrative I've heard. There's so many author I mean,

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Speaker 1: it's been fascinating to watch critical to just how many

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Speaker 1: analysis and takes there have been across the board about

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Speaker 1: what the Communist Party of China's decision means, for whether

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Speaker 1: or not it will attract or deter foreign investment, and

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Speaker 1: what it means of course for San Francisco. Cretty good

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Speaker 1: to Bloomberg Markets Live Reporter. Thank you so much, Cretty

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Speaker 1: for making time for us to break down another uh

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Speaker 1: impactful day up on Wall Street. Coming up, we'll talk

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Speaker 1: more about the virus, and we've got some breaking news

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Speaker 1: Colorado finds the first US case of the UK COVID

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Speaker 1: nineteen variant. This according to a tweet from the Governor

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Speaker 1: of Colorado again headline crossing the Bloomberg terminal redheadline crossing

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Speaker 1: the terminal. Colorado has found that variant strain of the

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Speaker 1: virus coming up next much more. I'm Kevin Crelli. You're

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Speaker 1: listening to Bloomberg ninety nine one. Why I'll talk here

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Speaker 1: in Washington, d C turns to President Elect Joe Biden's administration.

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Speaker 1: Historically speaking, the markets that perform better when there is

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Speaker 1: divided government. The biggest pressure for physical stimulus is an

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Speaker 1: off taking cases. Bloomberg sound Off, the insiders, the influencers,

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Speaker 1: the insiders by didn't have Thomas again and again. He

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Speaker 1: will unite the country's state government control elections as in

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Speaker 1: the constitution. I think that we can expect a smooth, thoughtful,

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Speaker 1: methodical transition. This is Bloomberg Sound On with Kevin Shirley

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Speaker 1: on Bloomberg Radio. Senate a charity leader Mitch McConnell, Robuff's

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Speaker 1: President Trump and Democrats and will not allow a vote

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Speaker 1: for the two thousand dollars stimulus checks. This as President

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Speaker 1: elect Joe Biden says that there needs to be a

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Speaker 1: change of course on administering the vaccinations. Vice President elect

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Speaker 1: Kamala Harris gets a vaccine. We've got a lot to

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Speaker 1: get through an all star panel. We begin tonight on

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Speaker 1: Capitol Hill, where Senate Majority Leader Mitch McConnell earlier today

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Speaker 1: speaking on the Senate floor, providing clarity over the next

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Speaker 1: seven days. First and foremost, the leader said that he

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Speaker 1: would in fact be holding a vote within the next

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Speaker 1: twenty four hours two to override President Trump's decision to

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Speaker 1: veto the Defense Authorization Act. That vote expected sometime on Wednesday. Secondly,

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Speaker 1: Leader McConnell not allowing for there to be a vote

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Speaker 1: on two thousand dollar stimulus checks, despite President Trump's support

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Speaker 1: for such a measure in the final week of the negotiations,

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Speaker 1: and albeit after lawmakers had reached a deal elsewhere. Thirdly,

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Speaker 1: Leader McConnell still keeping close to vest how precisely he

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Speaker 1: will handle the January sixth ratification of the electoral College votes,

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Speaker 1: not addressing it head on publicly. This as President Trump

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Speaker 1: continues to circulate unfounded claims of the false selection counts.

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Speaker 1: We have sound on this speech, in particular from coming

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Speaker 1: from Senate Majority Leader Mitch McConnell earlier today, here is

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Speaker 1: those are the three important subjects the President has linked together.

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Speaker 1: This week, the Senate will begin a process to bring

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Speaker 1: these three priorities into focus. Meanwhile, Senate Minority Leader Chuck

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Speaker 1: Schumer also here's what he had to say. Two thousand

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Speaker 1: dollars stimulus checks could mean the difference between American families

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Speaker 1: having groceries for a few extra weeks. We're going hungry.

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Speaker 1: Max Burns is a Democratic strategist, a contributor at The

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Speaker 1: Daily Beast and the New York Daily News, as well

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Speaker 1: as The Independent. Scott Transer is CEO of Optimists and

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Speaker 1: the former data science director for Marco Rubios for presidents

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Speaker 1: presidential campaign. Scott, I want to begin with you because

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Speaker 1: the divide in the Republican Party on whether or not

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Speaker 1: individuals are supporting these two thousand dollars stimulus checks has become,

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Speaker 1: in many ways, a a clear starting point for the

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Speaker 1: next four year cycle. Yeah, no, it's it's this is

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Speaker 1: this is the kickoff to the legislative battles we're going

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Speaker 1: to see for the next to four years, especially given

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Speaker 1: that given how close the House is um and the

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Speaker 1: you know, the Democrats have a much wider caucus. They've

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Speaker 1: got it, They've got to keep everyone in line. I

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Speaker 1: think I think, I think we're looking at the opening

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Speaker 1: salvo of how difficult legislation is going to be, especially

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Speaker 1: from the Democratic side, over the next couple of years,

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Speaker 1: Max Burns, I mean, the reaction coming from from Democrats

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Speaker 1: is what I'm hearing optimistic that because there was significant,

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Speaker 1: and I do say significant centrist and moderate Republican support

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Speaker 1: for these two thousand dollars stimulus checks, that maybe there

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Speaker 1: could be more optimism for the negotiations for a Biden

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Speaker 1: administration in their first one hundred days for economic relief. Max,

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Speaker 1: do you agree with that? There absolutely is support and

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Speaker 1: we've seen it, uh in that vote, bipartisan in scope.

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Speaker 1: The challenges in the Senate, even and especially under a

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Speaker 1: president Biden. Leader McConnell has just made clear that there

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Speaker 1: is zero urgency behind any of these very time sensitive measures.

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Speaker 1: And if there's no urgency when the Republican president and

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00:23:56,440 --> 00:24:00,240
Speaker 1: the Republicans in the House are demanding it, I can't

433
00:24:00,280 --> 00:24:03,199
Speaker 1: imagine he's going to feel more inclined to work with

434
00:24:03,280 --> 00:24:06,120
Speaker 1: Joe Biden than he he has been Right now, well,

435
00:24:06,200 --> 00:24:08,280
Speaker 1: let me follow up with you right there, Max, because

436
00:24:09,280 --> 00:24:12,840
Speaker 1: so much writing on the Georgia runoff elections, and and

437
00:24:12,880 --> 00:24:15,000
Speaker 1: we've been talking about it from every angle. But I

438
00:24:15,040 --> 00:24:19,200
Speaker 1: was struck by Senators David Purdue and Kelly Leffler coming

439
00:24:19,200 --> 00:24:22,440
Speaker 1: out to support the two thousand dollars stimulus checks, and

440
00:24:22,440 --> 00:24:26,560
Speaker 1: and our Nancy Cook reporting that Senator Purdue went so

441
00:24:26,600 --> 00:24:29,879
Speaker 1: far as to call President Trump on Christmas Day to

442
00:24:30,080 --> 00:24:34,160
Speaker 1: urge him to back Uh this the to sign rather

443
00:24:34,240 --> 00:24:37,679
Speaker 1: the economic stimulus deal. I mean, this is really playing

444
00:24:37,720 --> 00:24:41,200
Speaker 1: in the closing arguments. But all four of the candidates

445
00:24:41,240 --> 00:24:45,280
Speaker 1: down in Georgia want two thousand dollars stimulus checks, Max Burns.

446
00:24:46,320 --> 00:24:48,800
Speaker 1: And it's a little bit less surprising to me when

447
00:24:48,840 --> 00:24:51,520
Speaker 1: you look at the politics of this issue. Uh, it

448
00:24:51,680 --> 00:24:54,320
Speaker 1: is really a tough thing to stand in say, in

449
00:24:54,359 --> 00:24:57,919
Speaker 1: a tight race, I don't want you to have the

450
00:24:57,960 --> 00:25:01,000
Speaker 1: stimulus you need. I mean in Georgia, as in Kentucky

451
00:25:01,040 --> 00:25:04,800
Speaker 1: and around the country. Uh, the median rent in george

452
00:25:04,840 --> 00:25:07,280
Speaker 1: is about eight hundred dollars a month, and there are

453
00:25:07,320 --> 00:25:11,280
Speaker 1: almost a hundred thousand unemployed people who are in dire

454
00:25:11,359 --> 00:25:14,439
Speaker 1: need of this support. So it seemed to me that

455
00:25:14,520 --> 00:25:16,160
Speaker 1: it would only be a matter of who would get

456
00:25:16,160 --> 00:25:19,200
Speaker 1: out first with the statement saying that this was something

457
00:25:19,240 --> 00:25:22,240
Speaker 1: they support because it's it's an easy way to lose

458
00:25:22,280 --> 00:25:25,320
Speaker 1: a close race, to alienate that kind of voting block.

459
00:25:26,240 --> 00:25:28,359
Speaker 1: Scott Trayner, how do you think that in the closing

460
00:25:28,440 --> 00:25:31,600
Speaker 1: arguments the two thousand dollars stimulus checks is playing in Georgia.

461
00:25:32,640 --> 00:25:35,560
Speaker 1: I think it's playing real well and it's it's interesting.

462
00:25:35,640 --> 00:25:37,840
Speaker 1: Max brings up a good point. I mean, both Senator

463
00:25:37,960 --> 00:25:40,400
Speaker 1: Left Learned, Senator for you have kind of been um

464
00:25:40,600 --> 00:25:44,440
Speaker 1: tacking to the populous Republican UM point of view, especially

465
00:25:44,440 --> 00:25:47,120
Speaker 1: the last month or so, and it is it is popular.

466
00:25:47,160 --> 00:25:50,199
Speaker 1: Two thousand dollars is very popular, no matter whether you're

467
00:25:50,240 --> 00:25:53,040
Speaker 1: Republican or Democrat UM. Today there was a brand new

468
00:25:53,040 --> 00:25:56,399
Speaker 1: poll by Trafalgar, which is a Republican and conservative leaning

469
00:25:56,400 --> 00:25:59,600
Speaker 1: poster had both war knock and off off up. UM.

470
00:26:00,320 --> 00:26:03,440
Speaker 1: My understanding of the internals are also very close. Um.

471
00:26:03,440 --> 00:26:05,280
Speaker 1: We all know what the polling air was just a

472
00:26:05,320 --> 00:26:08,040
Speaker 1: couple of months ago. By all accounts, this is a

473
00:26:08,040 --> 00:26:11,120
Speaker 1: fifty fifty race. And so you know, if you're Senator Lawfuler,

474
00:26:11,119 --> 00:26:14,760
Speaker 1: Senator Perdue, I'm not surprised that they they publicly came

475
00:26:14,760 --> 00:26:17,120
Speaker 1: out for it and pushed for it, because it's much

476
00:26:17,119 --> 00:26:19,399
Speaker 1: easier to be for something like that, especially in times

477
00:26:19,400 --> 00:26:21,840
Speaker 1: like this, than it is against UM. And so while

478
00:26:21,880 --> 00:26:23,919
Speaker 1: it sounds a little bit off branded, it really is

479
00:26:23,960 --> 00:26:26,359
Speaker 1: on brand. If you can watching their campaign. Scott Trenner,

480
00:26:26,440 --> 00:26:28,280
Speaker 1: you know the data better than anybody. You're saying that

481
00:26:28,320 --> 00:26:32,080
Speaker 1: the data has this as a toss up. Yeah. Yeah,

482
00:26:32,200 --> 00:26:34,520
Speaker 1: both the data, both the public data and the private data.

483
00:26:34,520 --> 00:26:36,760
Speaker 1: I'm stein is this one's a toss up which is

484
00:26:37,240 --> 00:26:39,439
Speaker 1: which is? I'm surprised to say that given you know,

485
00:26:39,640 --> 00:26:43,800
Speaker 1: Georgia fundamentally is a is a conservative state. UM. But

486
00:26:43,920 --> 00:26:45,680
Speaker 1: we're looking at turn out to be somewhere in the

487
00:26:45,720 --> 00:26:48,320
Speaker 1: neighborhood of four to five million. The last time there

488
00:26:48,359 --> 00:26:50,439
Speaker 1: was a runoff, the contested runoff like this was two

489
00:26:50,480 --> 00:26:53,120
Speaker 1: thousand eight and the turnout was about to two millions.

490
00:26:53,240 --> 00:26:57,280
Speaker 1: So the turnout skyrocketed. It's obviously male and voting. Georgia

491
00:26:57,359 --> 00:26:59,640
Speaker 1: had some UM. You know, by and large, their their

492
00:26:59,680 --> 00:27:01,840
Speaker 1: election was was pretty well run, but they had some

493
00:27:01,840 --> 00:27:04,360
Speaker 1: some issues. UM. Taking a little bit longer account this,

494
00:27:04,359 --> 00:27:08,119
Speaker 1: this we're headed for a redux of of election night

495
00:27:08,119 --> 00:27:09,879
Speaker 1: in November where this could take a little while and

496
00:27:09,960 --> 00:27:11,840
Speaker 1: the and the race is going to be close. Do

497
00:27:11,960 --> 00:27:17,160
Speaker 1: you think that President Trump's decision to question the integrity

498
00:27:17,200 --> 00:27:22,000
Speaker 1: of elections will hurt Republicans in the sense that more

499
00:27:22,080 --> 00:27:26,880
Speaker 1: Republicans won't turn out to vote Scott, Yeah, I think.

500
00:27:26,960 --> 00:27:29,399
Speaker 1: I don't think it will be the difference. Well, I

501
00:27:29,440 --> 00:27:31,080
Speaker 1: guess if it's a few hundred votes, it could be

502
00:27:31,080 --> 00:27:33,960
Speaker 1: the difference maker. I don't think it's gonna force tens

503
00:27:33,960 --> 00:27:36,879
Speaker 1: of thousands of people to stay home, to stay home, Um,

504
00:27:36,880 --> 00:27:38,879
Speaker 1: but it's gonna force more than zero to question and

505
00:27:39,000 --> 00:27:41,760
Speaker 1: maybe stay home. Um, someone's gonna believe it. More than

506
00:27:41,880 --> 00:27:44,080
Speaker 1: zero people are going to believe that. So so I

507
00:27:44,080 --> 00:27:46,639
Speaker 1: I do think it will have a small effect on it,

508
00:27:46,680 --> 00:27:49,680
Speaker 1: but I don't think will be the difference maker. Um.

509
00:27:49,720 --> 00:27:52,400
Speaker 1: But yeah, it can't. It's not helpful. It's gonna be

510
00:27:52,480 --> 00:27:57,199
Speaker 1: really interesting and we're gonna have special coverage on the

511
00:27:57,280 --> 00:28:00,800
Speaker 1: Georgia runoff election and across Bloomberg Television as well as

512
00:28:00,800 --> 00:28:03,679
Speaker 1: Bloomberg Radio. I've just received word from our hard working,

513
00:28:03,880 --> 00:28:08,520
Speaker 1: indefatigable executive producer, Christine Barada that Congressman John Katko is

514
00:28:08,520 --> 00:28:11,000
Speaker 1: going to be joining us this hour. He's a Republican

515
00:28:11,080 --> 00:28:17,160
Speaker 1: representing New York's congressional district, and he is Uh previously

516
00:28:17,280 --> 00:28:20,480
Speaker 1: was the Assistant United States Attorney who led the Organized

517
00:28:20,480 --> 00:28:23,000
Speaker 1: Crime Division at the U. S Attorney's Office in Syracuse.

518
00:28:23,040 --> 00:28:24,800
Speaker 1: We have a lot to talk about with him on

519
00:28:24,840 --> 00:28:26,840
Speaker 1: the stimulus front as well as, of course, on the

520
00:28:26,840 --> 00:28:29,560
Speaker 1: cyber security front. Panel is gonna stay with me for

521
00:28:29,600 --> 00:28:32,080
Speaker 1: the next block as well. Max Burns as well as

522
00:28:32,119 --> 00:28:35,159
Speaker 1: Scott Transfer. Download the Bloomberg Sound On podcast on Apple

523
00:28:35,160 --> 00:28:38,360
Speaker 1: iTunes and Bloomberg dot Com, or by downloading the Bloomberg

524
00:28:38,400 --> 00:28:40,840
Speaker 1: Business App. You can also find me on Radio dot com,

525
00:28:40,880 --> 00:28:44,520
Speaker 1: I Heart Radio, and Spotify. My name is Kevin Crelli.

526
00:28:44,720 --> 00:28:47,080
Speaker 1: I'm the chief Washington correspondent f form Bloomberg Television and

527
00:28:47,080 --> 00:29:01,440
Speaker 1: for Bloomberg Radio. And you're listening to Bloomberg. This is

528
00:29:01,480 --> 00:29:06,840
Speaker 1: Bloomberg Sound On with Kevin Surreley on Bloomberg and one

529
00:29:06,840 --> 00:29:09,840
Speaker 1: oh five point seven h D two. My name is

530
00:29:09,920 --> 00:29:13,080
Speaker 1: Kevin CURRELLI I'm the chief Washington correspondent for Bloomberg Television

531
00:29:13,120 --> 00:29:15,800
Speaker 1: and for Bloomberg Radio. We have to talk more about

532
00:29:15,880 --> 00:29:18,920
Speaker 1: the Corona virus because the red headline crossed the Bloomberg

533
00:29:19,040 --> 00:29:22,720
Speaker 1: terminal within the last fifteen or so minutes, in which

534
00:29:22,760 --> 00:29:25,920
Speaker 1: the Governor of Colorado has tweeted out that they have

535
00:29:26,000 --> 00:29:31,320
Speaker 1: found their first case of the UK COVID nineteen strain.

536
00:29:31,520 --> 00:29:35,200
Speaker 1: That's strain that UK scientists had found has now been found,

537
00:29:35,320 --> 00:29:38,720
Speaker 1: as has been expected in the state of Colorado. It

538
00:29:38,760 --> 00:29:41,360
Speaker 1: comes at a time in which President elect Joe Biden

539
00:29:41,600 --> 00:29:45,800
Speaker 1: has been increasingly critical of the administration's current administration's handling

540
00:29:46,320 --> 00:29:50,480
Speaker 1: of the Corona virus vaccination distribution. Now, we should note

541
00:29:50,880 --> 00:29:53,880
Speaker 1: that in the United States, more than two million vaccines

542
00:29:53,920 --> 00:29:58,960
Speaker 1: have already been administered to frontline workers since December sixteenth,

543
00:29:59,000 --> 00:30:03,040
Speaker 1: when the vaccine became available in the United States. This

544
00:30:03,320 --> 00:30:06,760
Speaker 1: is more than any of the sixteen countries in which

545
00:30:06,840 --> 00:30:10,720
Speaker 1: vaccines have begun being distributed. The US ranks number one,

546
00:30:11,080 --> 00:30:14,400
Speaker 1: Dr Anthony Faucci has said that the US is lagging

547
00:30:14,440 --> 00:30:18,760
Speaker 1: behind where they had wanted to be at this particular juncture.

548
00:30:19,080 --> 00:30:23,240
Speaker 1: But we've got sound on tape from President Electual Biden

549
00:30:23,320 --> 00:30:27,000
Speaker 1: speaking earlier today about the vaccination process. I want to

550
00:30:27,000 --> 00:30:29,680
Speaker 1: play for you here it this and the face of accent.

551
00:30:29,760 --> 00:30:33,760
Speaker 1: The vaccination program is moving now, as if you continues,

552
00:30:33,840 --> 00:30:37,160
Speaker 1: movies is now It's gonna take years, not months, to

553
00:30:37,280 --> 00:30:42,280
Speaker 1: vaccinate the American people. Meanwhile, Vice President elected Kamala Harris

554
00:30:42,440 --> 00:30:46,520
Speaker 1: and her husband received a vaccine earlier today in Washington,

555
00:30:46,640 --> 00:30:50,400
Speaker 1: d C. And she spoke briefly uh and issued this comment,

556
00:30:51,320 --> 00:30:54,240
Speaker 1: I have now been vaccinated. As Joe likes to say,

557
00:30:54,400 --> 00:30:57,840
Speaker 1: there's a big difference between the vaccine and vaccinations. I

558
00:30:57,880 --> 00:31:01,680
Speaker 1: want to encourage everyone to get the vaccine, Max Burns,

559
00:31:01,680 --> 00:31:04,920
Speaker 1: Democratic strategist Scott Schrender's CEO of Optimists and former data

560
00:31:04,960 --> 00:31:09,040
Speaker 1: science director for Marco Rubio for President's campaign. Maxwe'll start

561
00:31:09,040 --> 00:31:11,000
Speaker 1: with you. I mean, in terms of the terms of

562
00:31:11,040 --> 00:31:16,000
Speaker 1: the picture that President elect Biden is painting, it's pretty grim,

563
00:31:16,160 --> 00:31:19,200
Speaker 1: is it. He's lowering the bar before he takes office,

564
00:31:19,520 --> 00:31:23,320
Speaker 1: and the sense two point one three million vaccines have

565
00:31:23,480 --> 00:31:27,280
Speaker 1: already been distributed in the last couple of weeks, and

566
00:31:27,400 --> 00:31:30,560
Speaker 1: this is I think Joe Biden being realistic with the

567
00:31:30,600 --> 00:31:34,880
Speaker 1: American people and trusting people to understand the severity of

568
00:31:34,880 --> 00:31:38,200
Speaker 1: the situation that we face. And my guess is one

569
00:31:38,240 --> 00:31:40,800
Speaker 1: of the major priorities that Biden is sort of working

570
00:31:40,800 --> 00:31:44,320
Speaker 1: on behind the scenes now is a sort of large

571
00:31:44,360 --> 00:31:51,240
Speaker 1: scale public relations blitz once his presidency begins, featuring celebrities, influencers,

572
00:31:51,600 --> 00:31:56,480
Speaker 1: media figures to really try and drive momentum behind this

573
00:31:56,560 --> 00:32:00,680
Speaker 1: immunization campaign because without it, as as an intellect said,

574
00:32:00,680 --> 00:32:02,400
Speaker 1: it's going to take years to get to where we

575
00:32:02,440 --> 00:32:05,640
Speaker 1: need to be. Scott transfer, you know, when I talked

576
00:32:05,680 --> 00:32:10,520
Speaker 1: to Republicans, some of them quietly feel President Trump has

577
00:32:10,560 --> 00:32:14,440
Speaker 1: stepped on himself in the past couple of weeks by

578
00:32:14,520 --> 00:32:19,080
Speaker 1: raising other issues instead of touting the success of a

579
00:32:19,200 --> 00:32:23,200
Speaker 1: vaccine getting out into the United States by the end

580
00:32:23,200 --> 00:32:25,160
Speaker 1: of the year. Scott, do you agree with that? What

581
00:32:25,240 --> 00:32:27,840
Speaker 1: are the less what is the data is showing us

582
00:32:27,880 --> 00:32:32,560
Speaker 1: about where the Republican Party is on this issue. Yeah. Look,

583
00:32:32,600 --> 00:32:35,240
Speaker 1: if you if you look at the polling data on

584
00:32:35,400 --> 00:32:39,600
Speaker 1: who on who they credit with the vaccine. Um, even Democrats,

585
00:32:39,680 --> 00:32:42,120
Speaker 1: but Gudgeon Lee, I'm sure it's but grudgingally, it's hard

586
00:32:42,120 --> 00:32:44,520
Speaker 1: to tell in a poll across them they agree that,

587
00:32:44,560 --> 00:32:47,160
Speaker 1: you know, the vaccine was developed under a Trump administration,

588
00:32:47,240 --> 00:32:50,120
Speaker 1: so there is some credit there. Um. I don't know

589
00:32:50,160 --> 00:32:52,760
Speaker 1: anything about eveninealogy and medicine, but I but I do

590
00:32:52,840 --> 00:32:54,800
Speaker 1: believe what I what I read that you know, it's

591
00:32:54,840 --> 00:32:57,400
Speaker 1: really hard to build. These things, They take tens of years,

592
00:32:57,800 --> 00:32:59,920
Speaker 1: and you know, the virus has been around for a year.

593
00:33:00,120 --> 00:33:03,440
Speaker 1: We have two working vaccines that the FDA said, UM

594
00:33:03,960 --> 00:33:06,120
Speaker 1: is UH is good to put in your arm. And

595
00:33:06,160 --> 00:33:08,840
Speaker 1: so I think that's a that's a feat. And you know,

596
00:33:08,880 --> 00:33:11,600
Speaker 1: the doctors and the organizations and the government UM and

597
00:33:11,680 --> 00:33:14,600
Speaker 1: ultimately the president who funded and you know and oversaw

598
00:33:14,680 --> 00:33:17,200
Speaker 1: warp speed UH, you know, can take some credit with that.

599
00:33:17,600 --> 00:33:20,640
Speaker 1: UM that that that would be a good note to

600
00:33:20,760 --> 00:33:23,360
Speaker 1: leave on UM And the fact that you know that's

601
00:33:23,400 --> 00:33:25,120
Speaker 1: that has been the message for last month is a

602
00:33:25,120 --> 00:33:27,360
Speaker 1: little bit confounding to me as well. Do you think

603
00:33:27,400 --> 00:33:31,880
Speaker 1: that in terms of where the mid term and and

604
00:33:31,920 --> 00:33:35,440
Speaker 1: the four year cycle heads Scott, do you think that

605
00:33:35,480 --> 00:33:40,920
Speaker 1: you that that President Trump's supporters in the political class,

606
00:33:41,120 --> 00:33:44,800
Speaker 1: especially those looking to inherit his political movement should he

607
00:33:44,840 --> 00:33:49,040
Speaker 1: decide not to run again in four will try How

608
00:33:49,120 --> 00:33:51,880
Speaker 1: will they navigate that? And I mean, I'm I'm talking

609
00:33:51,920 --> 00:33:53,920
Speaker 1: around it a little bit, but how will they navigate

610
00:33:54,040 --> 00:33:59,840
Speaker 1: through the the what has become a treacherous, treacherous narrative

611
00:34:00,080 --> 00:34:03,600
Speaker 1: for for President Trump in the final weeks of his office.

612
00:34:04,200 --> 00:34:05,760
Speaker 1: You know what it remains we seen. I think you're

613
00:34:05,760 --> 00:34:07,479
Speaker 1: going to see a lot of folks. You know that

614
00:34:07,480 --> 00:34:09,280
Speaker 1: that I say about history is that kind of smooths

615
00:34:09,280 --> 00:34:12,080
Speaker 1: itself over. And I think the the argument will be

616
00:34:12,120 --> 00:34:15,279
Speaker 1: as buying large as a Trump administration. Um, you know,

617
00:34:15,400 --> 00:34:18,160
Speaker 1: the vaccine was developed under the Trump administration. There was

618
00:34:18,200 --> 00:34:22,000
Speaker 1: a there's a rocky handoff between one administration the other. Um.

619
00:34:22,040 --> 00:34:24,360
Speaker 1: But the hard part getting the vaccine done inside of

620
00:34:24,400 --> 00:34:26,560
Speaker 1: a year, um and improved by the s d A

621
00:34:26,760 --> 00:34:29,759
Speaker 1: was was done under his watch. Um. I think that's

622
00:34:29,760 --> 00:34:32,400
Speaker 1: probably going to be the macro look back at it,

623
00:34:32,440 --> 00:34:34,000
Speaker 1: and probably what the messaging he is going to be

624
00:34:33,960 --> 00:34:36,600
Speaker 1: before that's just kinda comveniently forget what the last month

625
00:34:36,640 --> 00:34:39,719
Speaker 1: or still look like, Maxpert. If President elect Biden does

626
00:34:39,760 --> 00:34:42,759
Speaker 1: not have a hundred million vaccines administered in his first

627
00:34:42,800 --> 00:34:44,840
Speaker 1: one hundred days, how much of a problem will that

628
00:34:44,880 --> 00:34:49,600
Speaker 1: pose for his presidency? I think for a presidency that's

629
00:34:49,640 --> 00:34:51,920
Speaker 1: tough to say. On a personal level. I think for

630
00:34:52,000 --> 00:34:55,400
Speaker 1: a lot of people who were supporting Joe Biden as

631
00:34:55,440 --> 00:34:58,640
Speaker 1: a way to sort of start taking this seriously, it

632
00:34:58,680 --> 00:35:01,280
Speaker 1: would be very disappointing and it would be a huge setback.

633
00:35:01,920 --> 00:35:04,880
Speaker 1: But this also requires government to sort of work in

634
00:35:04,960 --> 00:35:08,279
Speaker 1: tandem here. We can't just have Joe Biden out on

635
00:35:08,320 --> 00:35:11,960
Speaker 1: a road show trying to inoculate everyone himself. We need

636
00:35:12,000 --> 00:35:15,480
Speaker 1: the resources and the the spirit of government here to

637
00:35:15,560 --> 00:35:19,880
Speaker 1: actually get some momentum behind this. So what so what

638
00:35:20,360 --> 00:35:23,520
Speaker 1: go ahead? I was going to add that when when

639
00:35:23,520 --> 00:35:25,200
Speaker 1: I had heard that the you know, the Biden administrations

640
00:35:25,520 --> 00:35:28,040
Speaker 1: a hundred million in the first hundred days, I mean,

641
00:35:28,040 --> 00:35:29,960
Speaker 1: I mean, that's that's a great goal, and that's what

642
00:35:30,000 --> 00:35:32,720
Speaker 1: people are gonna be handed on. But that requires millions

643
00:35:32,719 --> 00:35:35,960
Speaker 1: of vaccines to be done to day um, and we're

644
00:35:35,960 --> 00:35:37,480
Speaker 1: just not there yet. And I think that's I mean,

645
00:35:37,760 --> 00:35:39,920
Speaker 1: it's I don't think it's anyone's fault at this point.

646
00:35:40,160 --> 00:35:42,520
Speaker 1: It's just much harder to get a shot into someone's

647
00:35:42,560 --> 00:35:45,200
Speaker 1: arm than it is to manufacture tens of thousands of

648
00:35:45,239 --> 00:35:47,879
Speaker 1: scenes in a vial vials and ship them out. I think,

649
00:35:48,320 --> 00:35:50,359
Speaker 1: I think it's gonna be tough, and it's it's one thing,

650
00:35:50,360 --> 00:35:51,960
Speaker 1: you know, just looking at it from a political angle.

651
00:35:52,239 --> 00:35:53,799
Speaker 1: It's one thing to say it, it's another thing to

652
00:35:53,840 --> 00:35:55,600
Speaker 1: do it. But that he said it, and a hundred

653
00:35:55,640 --> 00:35:57,080
Speaker 1: days from now, I think we're going to get some

654
00:35:57,120 --> 00:35:59,640
Speaker 1: critiques on that. Because I I mean, I wanted to happen,

655
00:35:59,640 --> 00:36:02,719
Speaker 1: but I'm skeptical. All right, Panel stays with me. Coming

656
00:36:02,800 --> 00:36:04,840
Speaker 1: up next, we're gonna head back to Capitol Hill and

657
00:36:04,880 --> 00:36:07,840
Speaker 1: we're gonna check in with Congressman John Katko of Republican

658
00:36:08,200 --> 00:36:12,680
Speaker 1: representing New York Congressional District. Panel's gonna say, Max Burne,

659
00:36:12,680 --> 00:36:15,840
Speaker 1: Scott transfer uh. Download the Bloomberg's Down On podcast on

660
00:36:15,880 --> 00:36:18,600
Speaker 1: Apple iTunes, at Bloomberg dot com, or by downloading the

661
00:36:18,600 --> 00:36:21,239
Speaker 1: Bloomberg Business app. My name is Kevin CURRELLI. I'm the

662
00:36:21,320 --> 00:36:25,040
Speaker 1: chief Washington correspondent for Bloomberg Television and for Bloomberg Radio.

663
00:36:25,080 --> 00:36:27,960
Speaker 1: Thrilled to have you listening. Appreciative is always in incredibly

664
00:36:27,960 --> 00:36:30,879
Speaker 1: grateful that you've tuned in to listen to us. Much

665
00:36:30,920 --> 00:37:01,320
Speaker 1: more coming up next on Bloomberg. This is Bloomberg Sound

666
00:37:01,360 --> 00:37:07,440
Speaker 1: On with Kevin Shirley on Bloomberg and one oh five two.

667
00:37:08,120 --> 00:37:11,040
Speaker 1: My name is Kevin Sirelian, the chief Washington correspondent for

668
00:37:11,120 --> 00:37:15,279
Speaker 1: Bloomberg Television and for Bloomberg Radio. We're following all the

669
00:37:15,280 --> 00:37:19,080
Speaker 1: developments tonight on Capitol Hill, especially as it relates to

670
00:37:19,120 --> 00:37:22,880
Speaker 1: the two thousand dollars stimulus checks in which Leader McConnell

671
00:37:22,880 --> 00:37:25,800
Speaker 1: has said there will not be a vote in the Senate.

672
00:37:25,840 --> 00:37:28,520
Speaker 1: He has blocked a measure put forth by sentiment already

673
00:37:28,600 --> 00:37:31,759
Speaker 1: Leader Chuck Schumer. Of course, last evening, the House of

674
00:37:31,800 --> 00:37:35,719
Speaker 1: Representatives passed with more than two thirds of a majority,

675
00:37:35,840 --> 00:37:41,880
Speaker 1: including including significant centrist moderate Republican support, that piece of

676
00:37:41,960 --> 00:37:44,960
Speaker 1: legislation known as the Cash Act for the two thousand

677
00:37:45,040 --> 00:37:48,160
Speaker 1: dollar stimulus checks. I want to welcome to the program

678
00:37:48,200 --> 00:37:51,640
Speaker 1: Congressman John Kato of Republican, representing New York's twenty four

679
00:37:51,760 --> 00:37:55,239
Speaker 1: congressional district, as he has done since two thousand and fifteen.

680
00:37:55,760 --> 00:37:58,360
Speaker 1: In the next Congress, he will be the ranking member

681
00:37:58,440 --> 00:38:02,040
Speaker 1: on the House Committee on Homeland Security. Currently he is

682
00:38:02,080 --> 00:38:05,560
Speaker 1: the ranking member on the cyber Security Subcommittee, and he

683
00:38:05,680 --> 00:38:09,440
Speaker 1: is a member of the Bipartisan Problem Solvers Caucus. Will

684
00:38:09,440 --> 00:38:11,799
Speaker 1: go geo political and a second Congressman, First of all,

685
00:38:11,840 --> 00:38:15,239
Speaker 1: thanks for being here, but let's begin with this two

686
00:38:15,280 --> 00:38:18,160
Speaker 1: thousand dollar checks. Does this mean and I know you're

687
00:38:18,160 --> 00:38:20,560
Speaker 1: in the House side, but does this mean that this

688
00:38:20,640 --> 00:38:24,080
Speaker 1: is not going to happen? Uh this Congress. Based on

689
00:38:24,560 --> 00:38:28,680
Speaker 1: the developments that we've seen today in the Senate, I

690
00:38:28,719 --> 00:38:31,399
Speaker 1: don't believe that's that yet. And and here's why. What

691
00:38:31,440 --> 00:38:33,680
Speaker 1: they tried to do was try to do a quick

692
00:38:33,719 --> 00:38:35,600
Speaker 1: vote if they will, for lack of better term in

693
00:38:35,680 --> 00:38:39,359
Speaker 1: the Senate. Uh and uh, that was rejected. But that

694
00:38:39,400 --> 00:38:41,759
Speaker 1: doesn't mean that it's a that issue. But I think

695
00:38:41,760 --> 00:38:44,920
Speaker 1: that what I'm hearing from the Senate side is on

696
00:38:45,040 --> 00:38:47,839
Speaker 1: Republican side, is that they're trying to figure out if

697
00:38:47,840 --> 00:38:51,320
Speaker 1: they can make it palatable to get enough Republicans to

698
00:38:51,400 --> 00:38:53,920
Speaker 1: vote for it by tying it to something like perhaps

699
00:38:54,320 --> 00:38:57,800
Speaker 1: the two thirty issue with respect of the large large

700
00:38:58,120 --> 00:39:01,440
Speaker 1: internet companies for some other thing that the President is

701
00:39:01,480 --> 00:39:03,279
Speaker 1: interested in as well, to make it more of a

702
00:39:03,320 --> 00:39:06,040
Speaker 1: sweetness and other birds, not having not having to go

703
00:39:06,120 --> 00:39:08,799
Speaker 1: by itself, but having it tied to something that can

704
00:39:08,880 --> 00:39:12,440
Speaker 1: get bring more Republicans on board. So if they were

705
00:39:12,600 --> 00:39:16,200
Speaker 1: to tie this to Section to thirty, and I'm learning

706
00:39:16,200 --> 00:39:18,560
Speaker 1: this new in real time from you, Congressman, so I

707
00:39:18,560 --> 00:39:22,160
Speaker 1: appreciate this analysis. If they were to tie this to

708
00:39:22,280 --> 00:39:25,080
Speaker 1: Section to thirty, when it would go. Would it go

709
00:39:25,200 --> 00:39:29,040
Speaker 1: to reconciliation because it's been dealing with unity because it's

710
00:39:29,040 --> 00:39:33,200
Speaker 1: gone through fast track or what would happen? It depends

711
00:39:33,200 --> 00:39:36,560
Speaker 1: on what on what vehicle they used to get it done.

712
00:39:36,640 --> 00:39:39,400
Speaker 1: And that's the thing that they're running out of runway

713
00:39:39,520 --> 00:39:42,319
Speaker 1: very quickly. I mean Sunday morning, when we're going back

714
00:39:42,320 --> 00:39:45,040
Speaker 1: to Washington, d C. We're opening a new Congress, and

715
00:39:45,080 --> 00:39:46,759
Speaker 1: that in that bill, if it's not done by them,

716
00:39:46,760 --> 00:39:49,240
Speaker 1: will be dead. And uh, it may be done earlier

717
00:39:49,440 --> 00:39:52,880
Speaker 1: if uh, if certain technicalities are not met. So time

718
00:39:52,960 --> 00:39:55,600
Speaker 1: is of the essence, and uh, I think they need

719
00:39:55,640 --> 00:39:57,360
Speaker 1: to get this done as quickly as possible, if they

720
00:39:57,360 --> 00:39:59,880
Speaker 1: can get it done at all. So it's it's remarkable

721
00:40:00,000 --> 00:40:02,719
Speaker 1: because I would find it hard pressed that Democrats would

722
00:40:02,719 --> 00:40:05,760
Speaker 1: get on board with the position of President Trump's issue

723
00:40:05,800 --> 00:40:09,120
Speaker 1: with Section two thirty UM and that seems to be

724
00:40:09,280 --> 00:40:12,320
Speaker 1: almost there. I say, much more of a polarizing issue,

725
00:40:12,320 --> 00:40:15,759
Speaker 1: based upon my reporting, than the two thousand dollars stimulus checks.

726
00:40:15,760 --> 00:40:18,080
Speaker 1: Would you am I getting this wrong or is that?

727
00:40:18,160 --> 00:40:20,920
Speaker 1: Would you agree with that? Well? Yeah, but I think

728
00:40:20,920 --> 00:40:22,520
Speaker 1: you can look at the other side of the coin. Right,

729
00:40:22,600 --> 00:40:24,760
Speaker 1: the other side of the coin is two thousand dollars

730
00:40:24,760 --> 00:40:28,120
Speaker 1: similus checks. Is a very polarizing issue for a lot

731
00:40:28,160 --> 00:40:31,080
Speaker 1: of the conservative senators. I voted for it in the House,

732
00:40:31,120 --> 00:40:33,600
Speaker 1: but I got a lot of conservative senators don't think

733
00:40:33,640 --> 00:40:36,879
Speaker 1: it's necessary. So if you want that done, you're gonna

734
00:40:36,920 --> 00:40:39,200
Speaker 1: have to give them something that that incentivised them to

735
00:40:39,239 --> 00:40:42,040
Speaker 1: do that. So it's the old thing, you know, if

736
00:40:42,040 --> 00:40:43,920
Speaker 1: you want something, you can't get a hundred percent of

737
00:40:43,960 --> 00:40:47,200
Speaker 1: everything you want. Nobody does know their relationships in their

738
00:40:47,200 --> 00:40:49,280
Speaker 1: personal lives, and no one does in the business world

739
00:40:49,400 --> 00:40:51,640
Speaker 1: get a percent of what they want, So you can't

740
00:40:51,640 --> 00:40:53,200
Speaker 1: expect get a hundred percent of what you want in

741
00:40:53,239 --> 00:40:56,439
Speaker 1: Congress to be a successful legislator just doesn't work that way. Really,

742
00:40:56,760 --> 00:40:59,680
Speaker 1: That's what the essence of the problem Solvers Caucus is

743
00:40:59,680 --> 00:41:02,840
Speaker 1: is we understand that the Republican democratic interests and that

744
00:41:02,840 --> 00:41:05,799
Speaker 1: they're often quite the virgin. But instead of saying my

745
00:41:05,880 --> 00:41:09,000
Speaker 1: way the highway, that's just we sit down together every

746
00:41:09,000 --> 00:41:10,840
Speaker 1: week and try and figure weights we can work together.

747
00:41:10,840 --> 00:41:12,840
Speaker 1: And if it wasn't for our efforts, we wouldn't have

748
00:41:12,880 --> 00:41:16,360
Speaker 1: had this COVID relief package. That that's that's fondest discussion

749
00:41:16,360 --> 00:41:18,600
Speaker 1: about more stimulus money. Do you feel you have more

750
00:41:18,719 --> 00:41:21,960
Speaker 1: leverage heading into the new Congress because of this relief

751
00:41:22,000 --> 00:41:24,560
Speaker 1: bill getting through and the and what you prove in

752
00:41:24,800 --> 00:41:27,960
Speaker 1: with the track record of the Caucus. Yeah, and just

753
00:41:28,000 --> 00:41:30,479
Speaker 1: whatbody knows the Problem Solvers Caucus is an equal number

754
00:41:30,480 --> 00:41:33,400
Speaker 1: of Republicans and Democrats in the House of Representatives. There's

755
00:41:33,400 --> 00:41:35,440
Speaker 1: twenty five on each side, and their ranks are going

756
00:41:35,480 --> 00:41:38,399
Speaker 1: to expand this next term. And yes, I do think

757
00:41:38,440 --> 00:41:41,360
Speaker 1: we we This was a very significant achievement for the

758
00:41:41,360 --> 00:41:45,520
Speaker 1: Problem Solvers Caucus because it showed that compromise can work

759
00:41:45,800 --> 00:41:48,680
Speaker 1: and we can break through the far left and transidence

760
00:41:48,960 --> 00:41:51,319
Speaker 1: and the far right and transidence and get things done.

761
00:41:51,760 --> 00:41:54,560
Speaker 1: And um, I think that's uh, that's a that's a

762
00:41:54,680 --> 00:41:57,120
Speaker 1: very good sign going forward. We've shown that we can

763
00:41:57,160 --> 00:42:00,640
Speaker 1: effectively lead by compromising. And you know what funny because

764
00:42:00,840 --> 00:42:03,640
Speaker 1: one of Ronald Reagan's favorite mantras was I'll take her

765
00:42:03,640 --> 00:42:05,719
Speaker 1: and get now and keep working on the rest. And

766
00:42:05,760 --> 00:42:08,240
Speaker 1: I think we're getting back to that the Problem Solvers Caucus,

767
00:42:08,239 --> 00:42:11,200
Speaker 1: and I think this country uh desperately needs that type

768
00:42:11,239 --> 00:42:14,000
Speaker 1: of leadership right now. Let me follow up here. Congressman

769
00:42:14,080 --> 00:42:17,680
Speaker 1: John kat goes with us. He's a Republican representing a

770
00:42:17,800 --> 00:42:20,279
Speaker 1: district in New York and and I want to go

771
00:42:20,440 --> 00:42:24,440
Speaker 1: broader here, especially on this notion of how we in

772
00:42:24,480 --> 00:42:27,640
Speaker 1: the media have and we we're We're guilty of this.

773
00:42:27,719 --> 00:42:30,080
Speaker 1: Many times. We always say, well, this side saying this,

774
00:42:30,160 --> 00:42:32,600
Speaker 1: and this side saying this, or when we try to

775
00:42:32,640 --> 00:42:35,399
Speaker 1: analyze parties, we say the far left or the far

776
00:42:35,520 --> 00:42:38,840
Speaker 1: right says this, the moderates say this. You're you're a

777
00:42:38,840 --> 00:42:42,120
Speaker 1: member of the problem solvers caucus. And and it's the

778
00:42:42,160 --> 00:42:45,200
Speaker 1: Republican chatter that I hear is, well, if we do

779
00:42:45,280 --> 00:42:48,000
Speaker 1: two thousand dollar stimulus checks, those Republicans don't care about

780
00:42:48,040 --> 00:42:52,560
Speaker 1: the twenty seven trillion dollar national debt. Your response, I

781
00:42:52,840 --> 00:42:54,879
Speaker 1: just don't think that's true. Of course we could. We're

782
00:42:54,880 --> 00:42:57,000
Speaker 1: concerned about this, and of course we're concerned about what

783
00:42:57,040 --> 00:43:01,279
Speaker 1: we're what type of uh at economic legacy we're leaving

784
00:43:01,280 --> 00:43:04,040
Speaker 1: to our children and our grandchildren. We're very concerned about that.

785
00:43:04,120 --> 00:43:06,839
Speaker 1: But if you talk to most economists'll tell you right

786
00:43:06,880 --> 00:43:08,680
Speaker 1: now that if we didn't do what we've done so

787
00:43:08,760 --> 00:43:12,600
Speaker 1: far in this in this crisis, the ultimate cost and

788
00:43:12,920 --> 00:43:15,080
Speaker 1: the ultimate debt would have been built up because of

789
00:43:15,120 --> 00:43:17,440
Speaker 1: the cratering of the economy would have been much more severe.

790
00:43:17,600 --> 00:43:19,959
Speaker 1: Not people could argue with that, but that's I believe.

791
00:43:20,000 --> 00:43:22,279
Speaker 1: So I get us try and find that happy medium

792
00:43:22,440 --> 00:43:24,480
Speaker 1: between doing what's right to get US out of this

793
00:43:25,239 --> 00:43:27,840
Speaker 1: terrible hole we're in and not bankrupt in the country

794
00:43:28,040 --> 00:43:30,319
Speaker 1: in in the meantime. And it's a very difficult task,

795
00:43:30,360 --> 00:43:32,839
Speaker 1: there's no question about it. But I firmly believe that

796
00:43:32,880 --> 00:43:35,359
Speaker 1: in actions would have been much worse. All right, let's

797
00:43:35,360 --> 00:43:38,279
Speaker 1: go geopolitical. And again, in the next Congress, you will

798
00:43:38,280 --> 00:43:41,200
Speaker 1: be the ranking member on the House Committee on Homeland Security,

799
00:43:41,200 --> 00:43:43,440
Speaker 1: and well, we'd love to have you back on UH

800
00:43:43,520 --> 00:43:47,560
Speaker 1: in future programs as well, Congressman Katko, Currently you are

801
00:43:47,600 --> 00:43:51,719
Speaker 1: the subcommittee chair, ranking member on the UH Subcommittee for

802
00:43:52,280 --> 00:43:56,319
Speaker 1: cyber Security. Trying to get it all out and um,

803
00:43:56,760 --> 00:44:00,359
Speaker 1: but no joking matter here about solar wind and the UH,

804
00:44:00,400 --> 00:44:04,520
Speaker 1: the concern about digital infrastructure in the United States from UH,

805
00:44:04,680 --> 00:44:08,320
Speaker 1: from foreign adversaries, from Iran, from Russia, and the impact

806
00:44:08,400 --> 00:44:11,520
Speaker 1: that this has had the solar winds hack, the Russians,

807
00:44:11,560 --> 00:44:15,480
Speaker 1: in this case State Department pointing to the Russians for that,

808
00:44:15,920 --> 00:44:20,040
Speaker 1: what should what steps should the US take to better

809
00:44:20,080 --> 00:44:24,160
Speaker 1: protect its digital infrastructure from not only the private sector

810
00:44:24,640 --> 00:44:31,720
Speaker 1: being vulnerable, but also from crucial national security digital infrastructure. Yeah, well, really, this,

811
00:44:31,719 --> 00:44:35,160
Speaker 1: this solar winds hack just shows you how vulnerable our

812
00:44:35,200 --> 00:44:38,400
Speaker 1: system is. Our systems in this country are and the

813
00:44:38,560 --> 00:44:42,920
Speaker 1: doctor domain is is the site of an awful lot

814
00:44:42,960 --> 00:44:45,880
Speaker 1: of very sensitive information that is a life lot of

815
00:44:45,880 --> 00:44:49,400
Speaker 1: how we protect our our our citizens, but also how

816
00:44:49,400 --> 00:44:51,920
Speaker 1: we run our government. And we have to make sure

817
00:44:51,960 --> 00:44:55,399
Speaker 1: that the doctor domain is properly protected. And that means

818
00:44:55,440 --> 00:44:57,719
Speaker 1: not only making sure that doctov domain from what we're

819
00:44:57,719 --> 00:45:00,520
Speaker 1: doing as a whole at the government level, but making

820
00:45:00,560 --> 00:45:03,839
Speaker 1: sure that the component parts that make up the dot

821
00:45:03,840 --> 00:45:07,320
Speaker 1: dog the the third parties the supply chain. So solar

822
00:45:07,400 --> 00:45:11,440
Speaker 1: Winds was a supply chain issue. Solar Winds was an

823
00:45:11,480 --> 00:45:15,080
Speaker 1: outside company that sold software at the government agencies and

824
00:45:15,120 --> 00:45:18,560
Speaker 1: the the the Russians were able to get into a

825
00:45:18,640 --> 00:45:21,920
Speaker 1: backdoor and solar wind software and they got into our system.

826
00:45:22,239 --> 00:45:24,160
Speaker 1: That's a supply chain issue that we might have to

827
00:45:24,160 --> 00:45:27,839
Speaker 1: make sure that when anybody that has that is contributing

828
00:45:28,200 --> 00:45:31,440
Speaker 1: three supplies to the dot gov domain, we have to

829
00:45:31,480 --> 00:45:34,319
Speaker 1: do a better job of making sure they're secure. And UH.

830
00:45:34,480 --> 00:45:38,799
Speaker 1: The System Agency, the Cybersecurity and Infrastructure Security Agency at

831
00:45:38,800 --> 00:45:41,719
Speaker 1: Homeland Security was stood up just a few years ago

832
00:45:41,760 --> 00:45:44,239
Speaker 1: at our urging and Homeland Security, and that's gonna be

833
00:45:44,280 --> 00:45:47,400
Speaker 1: a big point of discussion. UH. This company term on

834
00:45:47,440 --> 00:45:49,440
Speaker 1: the Homeland Security Committee as a whole. I'm going to

835
00:45:49,520 --> 00:45:52,840
Speaker 1: make sure that I know Benny Thompson, the chair of

836
00:45:52,880 --> 00:45:56,359
Speaker 1: the subcommittee on the Democratic side, believes the same way.

837
00:45:56,400 --> 00:45:58,920
Speaker 1: It is a good agency, a very good agency, and

838
00:45:58,960 --> 00:46:01,560
Speaker 1: it needs more resource to help us um that will

839
00:46:01,560 --> 00:46:05,279
Speaker 1: protect our Assistant Congressman John Katko, I very much appreciate

840
00:46:05,280 --> 00:46:08,799
Speaker 1: your time tonight, sir. He is a Republican representing the

841
00:46:08,840 --> 00:46:11,880
Speaker 1: state of New York, and please come back on and

842
00:46:11,920 --> 00:46:14,839
Speaker 1: we'll have to talk about some of the bipartisan work

843
00:46:14,880 --> 00:46:17,960
Speaker 1: that you've done for the foster parent community. And he

844
00:46:18,120 --> 00:46:23,240
Speaker 1: is actively involved in other community organizations, including a local

845
00:46:23,520 --> 00:46:28,440
Speaker 1: foster parent program in his community. Congressman Katko, very much

846
00:46:28,480 --> 00:46:31,239
Speaker 1: appreciate your coming on, and again he will be the

847
00:46:31,320 --> 00:46:34,600
Speaker 1: ranking member of the House Homeland Security Committee. Coming up

848
00:46:34,600 --> 00:46:37,880
Speaker 1: next reaction from the panel plus what's next for them?

849
00:46:37,920 --> 00:46:40,040
Speaker 1: What do they have their eye on. I'm Kevin Cirelli.

850
00:46:40,120 --> 00:47:01,399
Speaker 1: You're listening to Bloomberg. You're listening to Bloomberg. Sound On

851
00:47:01,480 --> 00:47:05,000
Speaker 1: with Kevin Slate on Bloomberg nine one and one Old

852
00:47:05,000 --> 00:47:08,680
Speaker 1: five point seven f MHD two. I'm Kevin CURRELLI, Chief

853
00:47:08,719 --> 00:47:13,600
Speaker 1: Washington correspondent for Bloomberg Television and for Bloomberg Radio panels.

854
00:47:13,600 --> 00:47:17,440
Speaker 1: Still with Me, Maxi BYRNS Democratic strategist contributor at The

855
00:47:17,520 --> 00:47:20,280
Speaker 1: Daily Beast, The New York Daily News and The Independent. Also,

856
00:47:20,360 --> 00:47:23,719
Speaker 1: as we've learned on this program, Chef Maxie, what is

857
00:47:23,760 --> 00:47:27,560
Speaker 1: your cook for the family, for the for the what's

858
00:47:27,560 --> 00:47:29,880
Speaker 1: it for the holiday? Here we go, Keev, come on, Butty,

859
00:47:29,920 --> 00:47:33,440
Speaker 1: we're on. Go ahead, Max, you got this. We celebrate

860
00:47:33,480 --> 00:47:37,160
Speaker 1: both Honka and Christmas, so we did get the best.

861
00:47:37,800 --> 00:47:41,080
Speaker 1: We did the Christmas duck. We had a very traditional,

862
00:47:41,160 --> 00:47:44,200
Speaker 1: small at home thing. It's easy when it's two people,

863
00:47:44,239 --> 00:47:47,600
Speaker 1: you can go crazy with the aspiration. I've never I

864
00:47:47,640 --> 00:47:49,920
Speaker 1: love cooking, you know, Chef Kenv. But what how do

865
00:47:49,960 --> 00:47:53,400
Speaker 1: you cook a duck? Oh? It's easy. Just put it

866
00:47:53,440 --> 00:47:56,080
Speaker 1: in a cool pan and heat it up slowly, crisp

867
00:47:56,160 --> 00:47:58,279
Speaker 1: up the skin and let it cook in its own fat.

868
00:47:58,360 --> 00:48:01,439
Speaker 1: It's delicious. When this is over. When it's over, I'll

869
00:48:01,440 --> 00:48:04,400
Speaker 1: make something for you. You know what the list. I

870
00:48:04,440 --> 00:48:06,920
Speaker 1: won't hold my breath, Max, You know why this thing

871
00:48:07,320 --> 00:48:09,080
Speaker 1: I'm holding. I will hold my breath because this thing

872
00:48:09,160 --> 00:48:10,640
Speaker 1: is gonna be over. But I want on my breath

873
00:48:10,640 --> 00:48:15,279
Speaker 1: for food, Because Max has not ever cooked for any

874
00:48:15,320 --> 00:48:17,279
Speaker 1: of the food he's always talked about. He's never given

875
00:48:17,280 --> 00:48:19,239
Speaker 1: me any. Scott Tranner, you're having a good end of

876
00:48:19,239 --> 00:48:23,080
Speaker 1: the year. Yeah, No, it's good. I mean, can't be

877
00:48:23,120 --> 00:48:26,200
Speaker 1: over soon. Enough is gonna be better? Right? It has

878
00:48:26,239 --> 00:48:28,839
Speaker 1: to be. There's no other choice. There's no other choice.

879
00:48:28,880 --> 00:48:30,680
Speaker 1: And we've got nothing but gratitude. And there's only a

880
00:48:30,719 --> 00:48:33,640
Speaker 1: couple of days left. One we made it. I keep

881
00:48:33,719 --> 00:48:36,000
Speaker 1: telling all my friends, you made it, you made it.

882
00:48:36,040 --> 00:48:39,080
Speaker 1: Remember March. It's not March anymore. We only got a

883
00:48:39,080 --> 00:48:41,440
Speaker 1: week left. I mean I was talking. Who was I

884
00:48:41,480 --> 00:48:43,400
Speaker 1: talking about that? I think it was my mother. I

885
00:48:43,400 --> 00:48:45,239
Speaker 1: said to my mom back in Dulka, I said, do

886
00:48:45,280 --> 00:48:48,600
Speaker 1: you remember March and the panic with the paper towels,

887
00:48:49,000 --> 00:48:53,359
Speaker 1: the toilet paper, the hand sanitizers. You know, I got

888
00:48:53,360 --> 00:48:55,680
Speaker 1: a box that was shipped to me just the other

889
00:48:55,719 --> 00:48:59,040
Speaker 1: week that I ordered in March of wipes. I was

890
00:48:59,080 --> 00:49:01,360
Speaker 1: trying to wipe every thing down, to clean everything. It

891
00:49:01,520 --> 00:49:04,240
Speaker 1: just came in the mail. It was on back order. Anyway,

892
00:49:04,400 --> 00:49:07,120
Speaker 1: Here at Bloomberg, we're retooling and rebranding, and we're all

893
00:49:07,160 --> 00:49:09,719
Speaker 1: about the future. We like to elevate the conversation so

894
00:49:09,840 --> 00:49:12,319
Speaker 1: let's elevate right now, and I want the panel to

895
00:49:12,400 --> 00:49:15,000
Speaker 1: tell me what's next, what's coming next, that we should

896
00:49:15,040 --> 00:49:19,239
Speaker 1: be keeping our eye on, Max Burns, what's next in

897
00:49:19,280 --> 00:49:22,920
Speaker 1: the near term. On January six, there's a huge UH

898
00:49:23,239 --> 00:49:26,240
Speaker 1: Unite the Right sort of stop the steel pro Trump

899
00:49:26,320 --> 00:49:29,560
Speaker 1: rally in Washington with a lot of groups that have

900
00:49:29,600 --> 00:49:33,840
Speaker 1: been involved in some unsavory violence and unrest. I'll be

901
00:49:33,880 --> 00:49:37,400
Speaker 1: watching that and then into the Biden administration. It'll be

902
00:49:37,440 --> 00:49:40,680
Speaker 1: interesting to see whether we start with Infrastructure Week, as

903
00:49:40,680 --> 00:49:43,520
Speaker 1: Biden seems to want to do, or if we start

904
00:49:43,600 --> 00:49:46,799
Speaker 1: with UH something more COVID focused. And I think that's

905
00:49:46,840 --> 00:49:49,919
Speaker 1: really going to determine the flavor of the first few

906
00:49:49,920 --> 00:49:52,200
Speaker 1: months of this administration. See what he did there, he

907
00:49:52,239 --> 00:49:56,919
Speaker 1: talked about flavor. Okay, Scott Transer, what's next. I'm gonna

908
00:49:56,920 --> 00:49:59,280
Speaker 1: I'm gonna do one political one non political. The political

909
00:49:59,320 --> 00:50:01,719
Speaker 1: thing is this, My math is right. There's gonna be

910
00:50:01,760 --> 00:50:07,200
Speaker 1: two Democrats, two eleven UM Republicans in the House, three

911
00:50:07,480 --> 00:50:11,440
Speaker 1: UM Democrats, UH Congress Congress people are gonna resign for

912
00:50:11,480 --> 00:50:14,080
Speaker 1: cabinet positions, and two open contests. So we're looking at

913
00:50:14,080 --> 00:50:17,719
Speaker 1: a real razor sin Um House and Uh, No, matter

914
00:50:17,760 --> 00:50:20,800
Speaker 1: who wins in Georgia will be a real razor sin Senate,

915
00:50:20,960 --> 00:50:24,200
Speaker 1: So more legislative gridlock over the next two years with

916
00:50:24,640 --> 00:50:28,520
Speaker 1: the mid terms being um presidential level in terms of

917
00:50:28,560 --> 00:50:32,640
Speaker 1: money and important. Before before you tell us your second one,

918
00:50:32,719 --> 00:50:35,600
Speaker 1: let me follow up on this because jerry bandering is

919
00:50:35,640 --> 00:50:40,880
Speaker 1: about to come back into the conversation. The census data district.

920
00:50:41,000 --> 00:50:45,600
Speaker 1: Sorry okay, yeah, well, uh, I shouldn't have said the

921
00:50:45,640 --> 00:50:48,680
Speaker 1: sorry word, by the way, but I want to ask

922
00:50:48,840 --> 00:50:52,280
Speaker 1: about when this When do we anticipate the census data

923
00:50:52,320 --> 00:50:57,280
Speaker 1: will be released, and how might the outstanding Supreme Court

924
00:50:57,360 --> 00:51:03,880
Speaker 1: decisions from the Trump administration in act redistricting in many

925
00:51:04,000 --> 00:51:08,000
Speaker 1: states such as Pennsylvania for example, comes to mind. That

926
00:51:08,080 --> 00:51:11,960
Speaker 1: could be a dramatic, dramatic development, especially in a in

927
00:51:12,000 --> 00:51:15,080
Speaker 1: a cycle where Republicans are bullish about their chances of

928
00:51:15,120 --> 00:51:20,040
Speaker 1: taking back the House. Yeah. No, redistrict teams a huge deal.

929
00:51:20,080 --> 00:51:23,120
Speaker 1: To your first question on US Census, Um, the census

930
00:51:23,160 --> 00:51:25,960
Speaker 1: had a rough, a rough year just given COVID and

931
00:51:26,000 --> 00:51:27,839
Speaker 1: they do a lot of door to door, So I

932
00:51:27,719 --> 00:51:30,600
Speaker 1: imagine that's going to push back UM since some of

933
00:51:30,640 --> 00:51:33,480
Speaker 1: the sense its deliverables, I'm not sure exactly when, but

934
00:51:33,560 --> 00:51:38,319
Speaker 1: it will be sometimes in January. Yeah, they're saying January. Yeah,

935
00:51:38,320 --> 00:51:41,000
Speaker 1: I I mean, I hope. I want them to do

936
00:51:41,080 --> 00:51:42,520
Speaker 1: a good job. So if it takes a little bit

937
00:51:42,520 --> 00:51:44,920
Speaker 1: longer to tabulate or or whatever it maybe I think

938
00:51:44,920 --> 00:51:46,719
Speaker 1: it might be a little bit longer. To your point

939
00:51:46,719 --> 00:51:50,000
Speaker 1: about lawsuits and redistricting and things like that, I think,

940
00:51:50,040 --> 00:51:53,120
Speaker 1: I mean, there was a whole host of UH redistricting

941
00:51:53,200 --> 00:51:55,800
Speaker 1: lawsuits for the last two years, and they were basically

942
00:51:55,840 --> 00:51:58,399
Speaker 1: setting up all the lawsuits we're going to have over

943
00:51:58,440 --> 00:52:00,800
Speaker 1: the next two years. A lot of the our state based.

944
00:52:00,880 --> 00:52:02,880
Speaker 1: You bring up Pennsylvania, that's a big one. There's a

945
00:52:02,880 --> 00:52:04,719
Speaker 1: lot in Texas, will be someone Florida will be some

946
00:52:04,760 --> 00:52:07,759
Speaker 1: in California. UM. There's some big ones in Ohio and

947
00:52:07,800 --> 00:52:10,319
Speaker 1: North Carolina. UM. And some of these are gonna end

948
00:52:10,400 --> 00:52:13,000
Speaker 1: up in the in the Supreme Court. UM. And I

949
00:52:13,040 --> 00:52:17,040
Speaker 1: know both sides are gonna have unprecedented UM expenditures on

950
00:52:17,200 --> 00:52:21,600
Speaker 1: legal and that's what we said in the census UM,

951
00:52:21,640 --> 00:52:26,080
Speaker 1: and that's gonna be I believe there's plus governors up

952
00:52:26,080 --> 00:52:28,600
Speaker 1: over the next two years, state legislatures, things like that.

953
00:52:28,600 --> 00:52:30,800
Speaker 1: That's where a lot of this stuff gets gets batted

954
00:52:30,800 --> 00:52:33,440
Speaker 1: around as well. I mean, it is it redistrict thing

955
00:52:33,480 --> 00:52:34,719
Speaker 1: is going to be a thing, and as we learned,

956
00:52:35,760 --> 00:52:38,120
Speaker 1: as we learned in two thousand, it has some implications

957
00:52:38,160 --> 00:52:40,879
Speaker 1: for the next decade um on how our elections are done.

958
00:52:40,880 --> 00:52:42,640
Speaker 1: So it will be a big deal and that's probably

959
00:52:42,680 --> 00:52:45,880
Speaker 1: gonna be another political story to watch. What is your second?

960
00:52:46,000 --> 00:52:50,560
Speaker 1: What's next? I'm I'm looking forward to in person NAS

961
00:52:50,560 --> 00:52:52,480
Speaker 1: games this year. I live in I live in Navy

962
00:52:52,560 --> 00:52:56,719
Speaker 1: Yard and that the other night and I thought it's

963
00:52:56,800 --> 00:53:01,560
Speaker 1: so sad. It's a oaths town. But I'm looking forward to.

964
00:53:02,080 --> 00:53:05,200
Speaker 1: I I here's the homie. I hope President Biden, President

965
00:53:05,200 --> 00:53:07,920
Speaker 1: elect Biden's gonna get a hundred million vaccines in the

966
00:53:07,920 --> 00:53:09,919
Speaker 1: first hundred days. That means we're well on our way

967
00:53:09,920 --> 00:53:12,360
Speaker 1: to it. But I'm looking forward to in person in

968
00:53:12,480 --> 00:53:15,560
Speaker 1: port and sporting events, specifically baseball, hopefully the next three

969
00:53:15,880 --> 00:53:18,920
Speaker 1: And listen, my Philadelphia Eagles can't make the playoffs, but

970
00:53:19,400 --> 00:53:21,880
Speaker 1: you know we're gonna be optimistic because they're you know,

971
00:53:21,920 --> 00:53:24,120
Speaker 1: we're we're we're focusing on the future. So I'll just

972
00:53:24,160 --> 00:53:25,640
Speaker 1: have to wait till next fall to go to an

973
00:53:25,640 --> 00:53:28,080
Speaker 1: Eagles game. You know what can I say, here's what's

974
00:53:28,080 --> 00:53:32,320
Speaker 1: next for me. European Union and Chinese leaders are poised

975
00:53:32,360 --> 00:53:35,880
Speaker 1: to announce a hard fought agreement to expand opportunities in

976
00:53:35,960 --> 00:53:41,040
Speaker 1: China for foreign investors. European Commission chief Ursula vander Land

977
00:53:41,160 --> 00:53:44,279
Speaker 1: and Charles Mikel, who chairs the Block Summits, planned to

978
00:53:44,320 --> 00:53:46,920
Speaker 1: speak with Chinese President Shi Jing Ping in a video

979
00:53:46,960 --> 00:53:51,280
Speaker 1: conference sometime today to signal the successful completion of negotiations

980
00:53:51,320 --> 00:53:54,320
Speaker 1: begun in two thousand and thirteen on EU and China

981
00:53:54,400 --> 00:53:57,640
Speaker 1: investment packed. According to officials in Brussels, I'm reading from

982
00:53:57,640 --> 00:54:02,760
Speaker 1: Bloomberg terminal. Jonathan Stearns, REP Boarding Chancellor Angela Merkel of Germany,

983
00:54:02,800 --> 00:54:05,960
Speaker 1: which currently holds the e U S six month rotating presidency,

984
00:54:06,000 --> 00:54:08,839
Speaker 1: will also join the discussion. Two of the officials said.

985
00:54:08,840 --> 00:54:11,520
Speaker 1: The video conferences due to start at one pm Central

986
00:54:11,800 --> 00:54:16,920
Speaker 1: European time. You know, look, the Biden administration actually in

987
00:54:16,960 --> 00:54:24,359
Speaker 1: a rare, rare uh A signal. Jake Sullivan actually tweeted, who,

988
00:54:24,360 --> 00:54:28,000
Speaker 1: of course is uh nomin of course Biden has tapped

989
00:54:28,040 --> 00:54:31,240
Speaker 1: to be National Security advisor. Had said that they questioned

990
00:54:31,239 --> 00:54:34,320
Speaker 1: the timing of this this trade agreement to be signed.

991
00:54:34,800 --> 00:54:41,000
Speaker 1: H during the uh transition period. UH and no no, uh,

992
00:54:41,320 --> 00:54:45,719
Speaker 1: no doubt there's unease UH that's being sparked not just

993
00:54:45,880 --> 00:54:49,320
Speaker 1: from Washington and the incoming administration as well as Republicans

994
00:54:49,360 --> 00:54:53,080
Speaker 1: for that matter, but also amongst the European Union UM.

995
00:54:53,080 --> 00:54:55,879
Speaker 1: Reading from the a P now the headline on this

996
00:54:56,200 --> 00:54:59,480
Speaker 1: UH story is EU and China to sign investment deal

997
00:54:59,560 --> 00:55:04,680
Speaker 1: amid unease over human rights abuses up from the Communist

998
00:55:04,680 --> 00:55:08,760
Speaker 1: Party of China. It's a fascinating emerging trend as French

999
00:55:08,800 --> 00:55:14,799
Speaker 1: President Emmanuel McCrone has increasingly recently UH really signaled to

1000
00:55:14,840 --> 00:55:19,400
Speaker 1: the incoming Biden administration that he shares much of likely

1001
00:55:19,480 --> 00:55:24,360
Speaker 1: Secretary of State UH, not Secretary of State nominee Anthony B.

1002
00:55:24,400 --> 00:55:31,239
Speaker 1: Lincoln's and President elect Biden's hesitants and skepticism, frustration. Call

1003
00:55:31,320 --> 00:55:35,760
Speaker 1: it what you want over China, and so it's it's

1004
00:55:35,800 --> 00:55:40,839
Speaker 1: it's definitely definitely something that we will be watching. So

1005
00:55:41,320 --> 00:55:46,640
Speaker 1: I think how Europe handles China is the broader takeaway

1006
00:55:46,680 --> 00:55:49,799
Speaker 1: for me and something that a President elect Biden, who

1007
00:55:49,800 --> 00:55:51,560
Speaker 1: has said he wants to take a different approach to

1008
00:55:51,560 --> 00:55:54,799
Speaker 1: Europe than the Trump administration, will they be able to

1009
00:55:54,840 --> 00:55:58,319
Speaker 1: get on the same geo political playbook. My thanks to

1010
00:55:58,360 --> 00:56:01,840
Speaker 1: Max Burns, Democratic strategist. My thanks has Scott Transfers, CEO

1011
00:56:01,880 --> 00:56:04,680
Speaker 1: of Optimistic Data Solution Company in Washington, d C. And

1012
00:56:04,719 --> 00:56:07,239
Speaker 1: of course someone with close ties to Marko Rubio. We

1013
00:56:07,239 --> 00:56:10,200
Speaker 1: appreciate it. I'm Kevin Cirilli, Chief outing to correspondent from

1014
00:56:10,160 --> 00:56:13,840
Speaker 1: Bloomberg TV and Radio. Thank you truly, thank you for listening,

1015
00:56:14,239 --> 00:56:16,000
Speaker 1: and I hope to check in with you tomorrow. To

1016
00:56:16,080 --> 00:56:16,600
Speaker 1: Bloomberg