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Speaker 1: This is Bloomberg Sound On with Kevin Surrele on Bloomberg

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Speaker 1: and one oh five point seven f M h D two.

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Speaker 1: I'm Kevin Curreli, chief Washington correspondent for Bloomberg Television and

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Speaker 1: Bloomberg Radio, joining us on the telephone line hopefully as

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Speaker 1: Sean Kennedy, Shawn, are you there? Yes? Can you hear me? Yes?

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Speaker 1: I can hear you off. This is great. You know

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Speaker 1: I needed some good news shown. I gotta tell you, Sean,

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Speaker 1: everyone's working from home and I'm no different. Okay, I'm

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Speaker 1: working from home all afternoon. I was back in the

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Speaker 1: router room of where where I am getting all of

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Speaker 1: these cables set up, and I gotta be candid. We

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Speaker 1: we had our guests on the line, but there's some

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Speaker 1: technical technical problems. And I have such an appreciation for

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Speaker 1: Charlie Bulmer, for Christine Barrata, for David Suchman, and all

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Speaker 1: of our crew who are working tirelessly to deliver of

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Speaker 1: this news remotely, trying to walk me through. And I

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Speaker 1: know nothing about technology, trying to get everything start ups.

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Speaker 1: So that's where I That's that's where my head was

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Speaker 1: at in the break. All right. We figured it out

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Speaker 1: in record time. Sean Kennedy's on the line, National Restaurant

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Speaker 1: Association Executive vice president of Public Affairs, and all kidding aside,

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Speaker 1: I'm so grateful that you're on and that people can

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Speaker 1: hear you, because, let me tell you something, everyone's thinking

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Speaker 1: about the restaurant industry. Everyone's thinking about what can they

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Speaker 1: do to help restaurant workers. So give us how today

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Speaker 1: your industry is moving forward with the coronavirus pandemic. First off,

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Speaker 1: thanks so much for having me. There are so many

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Speaker 1: people who are coming out right now to discuss the

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Speaker 1: impact of corona on them. We are not trying to

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Speaker 1: make this about ourselves. Our number one thinks you're making

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Speaker 1: this about yourselves. It's a mess. Well it's it's it's

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Speaker 1: you think of the restaurant. The restaurant industry really is

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Speaker 1: the cornerstone of every community, and our goal is to

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Speaker 1: serve people in times, even in times of uncertainty, which

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Speaker 1: is certainly what we're in right now. The challenge that

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Speaker 1: you've got is what you said at the top. We

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Speaker 1: are seeing so many restaurants that are being mandated to

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Speaker 1: close down or only offer carriyaway take out delivery, things

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Speaker 1: like that. So we're adapting our business model as quickly

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Speaker 1: as we can to try to make sure we can

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Speaker 1: serve customers. Unfortunately, a lot of restaurants are just not

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Speaker 1: gonna be able to make ends meet offering just delivery

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Speaker 1: services and they're gonna have to shut their doors. So, okay,

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Speaker 1: so you've got the stimulus plan that's coming out. What

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Speaker 1: have you been hearing from the administration and from lawmakers?

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Speaker 1: Do you think that's I mean, are they on the

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Speaker 1: right track here with the with the stimulus and the

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Speaker 1: direct deposits. It's a good question. We think they're on

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Speaker 1: the right track. Right now. We're getting a lot of

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Speaker 1: phone calls from the administration from members of Congress. The

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Speaker 1: good thing about working for the restaurant industry is that

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Speaker 1: every elected official has got a favorite restaurant in their district,

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Speaker 1: wherever they whatever, whoever they represent. They've got their corner diner,

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Speaker 1: they've got their bar, they've got their place that they

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Speaker 1: get their coffee, and they see right now that a

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Speaker 1: lot of them are shuttered. So we're hearing from folks

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Speaker 1: because they get that an industry that employs one out

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Speaker 1: of every ten Americans, if we're closing down, it's going

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Speaker 1: to have a big impact on local communities. Okay, So

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Speaker 1: I've heard so many different things online and news reports.

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Speaker 1: This issue of gift cards. Is purchasing gift cards something

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Speaker 1: that could help restaurants absolutely. For so many restaurants, cash

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Speaker 1: flow is measured in weeks, sometimes in days. A lot

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Speaker 1: of operators just don't have the wherewithal based on tight

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Speaker 1: profit margins, to keep their doors open indefinitely and continue

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Speaker 1: paying their workforce. So if communities want to rally around

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Speaker 1: their favorite local restaurant or their favorite local chain, uh,

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Speaker 1: they should absolutely do. So. We promise that we are

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Speaker 1: doing everything we can and we're sacrificing everything we can

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Speaker 1: so we can stay open. But if customers want to

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Speaker 1: come out yesterday with carry out Wednesday, I'm gonna just

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Speaker 1: call ahead and designate today is take out Thursday. If

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Speaker 1: folks can still take a break from cooking three meals

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Speaker 1: a day for their kids, take a quick me allout

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Speaker 1: for their for their for their families, we would love it,

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Speaker 1: and we're here to serve. Okay. So in terms of like,

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Speaker 1: in terms of how just significant the scope of this,

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Speaker 1: I know you guys have done some research. I know

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Speaker 1: you guys have been in consultation with your CEO, S

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Speaker 1: tell us from a business standpoint, Now that we have

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Speaker 1: the consumer standpoint addressed, from a business standpoint, what are

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Speaker 1: you what are your CEO is telling you? We're looking

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Speaker 1: at literally a loss right now of two dollars. Well,

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Speaker 1: I mean I got in two hundred and twenty billion

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Speaker 1: dollars and what's over the next what worse over the

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Speaker 1: next three months? Wow? Think about because folks, I mean

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Speaker 1: that you think of the the massive amount of cash

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Speaker 1: and the economy that this is going to do. I mean,

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Speaker 1: I'm just thinking of this from my reporter's notebook every

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Speaker 1: other month when I'm at the Department of Labor covering

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Speaker 1: the job's day. I mean, the restaurants, that that sector

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Speaker 1: is just so incredibly important to our economy. So you

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Speaker 1: hear that number two billion dollars washed away as a

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Speaker 1: result of this virus from the restaurant industry alone. And

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Speaker 1: so so what did the CEO say they need? Well,

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Speaker 1: they're saying when they need three things. First, it's just

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Speaker 1: immediate access to cash so we can can keep our

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Speaker 1: doors open, pay our utilities, and most importantly, pay our workforce.

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Speaker 1: Beyond that, we're going to need access to two loans

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Speaker 1: and credit uh in the short and medium term. And

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Speaker 1: then once this coronavirus passes and we get the all

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Speaker 1: clear to reopen from the health departments, we're gonna need

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Speaker 1: some kind of tax support just so we can be

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Speaker 1: viable again. Um, what's really remarkable about this. You think

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Speaker 1: about that, you think about a hurricane, you think about

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Speaker 1: a natural disaster, those are ones that are in an

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Speaker 1: isolated community. It has a beginning, a middle, and an end,

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Speaker 1: and we can all immediately rebuild and get that restaurant

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Speaker 1: or that community back up again. This is something where

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Speaker 1: we don't even know where we are right now. Are

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Speaker 1: we in the eye of the storm? Is it going

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Speaker 1: to get worse? Are we on our way back down?

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Speaker 1: Restaurant runts are making a lot of really tough decisions

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Speaker 1: without a lot of information right now to project how

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Speaker 1: things will affect them economically. What's something that you can

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Speaker 1: tell us that's hopeful, that's optimistic. I mean, I went

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Speaker 1: outside for a brief walk today and I was you

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Speaker 1: see just us. I mean it was really it's really sad.

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Speaker 1: I mean everyone's seen this, but I saw one sign

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Speaker 1: that one of the favorite places that I used to

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Speaker 1: go to where I thought I was gonna be watching

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Speaker 1: March March madness said March sadness. But give me some optimism.

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Speaker 1: And I don't mean to make anyone laugh, but I

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Speaker 1: mean it is. It's just surreal to see all of

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Speaker 1: these places closed. And definitely give me something optimistic that

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Speaker 1: you're hearing from your members, Let me give you something that,

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Speaker 1: let me give you a thing to end on a

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Speaker 1: good note here. I think a lot of communities are

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Speaker 1: rallying around their favorite restaurants or even their favorite um

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Speaker 1: uh servers. I'm seeing go fund me pages that are

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Speaker 1: being set up for specific excuse me, specific restaurants to

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Speaker 1: help their favorite server to make ends meet while they're

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Speaker 1: dealing with these uncertain times. We're seeing a lot of

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Speaker 1: rest ran fit aren't really built for doing a carry out.

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Speaker 1: They're completely changing their business model just so people can

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Speaker 1: still get that pasta or pizza or whatever is nice

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Speaker 1: that will make people feel better about what's a pretty

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Speaker 1: crappy week for a lot of Americans. We want to

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Speaker 1: make sure that we can offer you something to look

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Speaker 1: forward to when you go home at night. You know, Sean,

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Speaker 1: I really appreciate you coming on. Please come back on

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Speaker 1: and next week, then give us an update as we

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Speaker 1: get the details on the economic stimulus. I really appreciate

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Speaker 1: you breaking that down because there's spent a lot of

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Speaker 1: misinformation about the restaurants, but to hear it straight from

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Speaker 1: the source. Shaan Kennedy, National Restaurant Association Executive vice President.

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Speaker 1: We're appreciated for him. Coming on up next, Abiden World Insider.

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Speaker 1: I'm Kevin CURRELLI you're listening to Bloomberg. You're listening to Bloomberg.

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

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Speaker 1: five point seven f m h D two Kevin Sirelli.

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Speaker 1: She's Washington correspondent from Bloomberg Television, hem Bloomberg Radio. Another

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Speaker 1: dizzying day in the nation's capital. As most of us

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Speaker 1: all work from home in the d m D region,

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Speaker 1: I'm no different and uh, I feel like every day

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Speaker 1: that that goes. As we go further and further along

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Speaker 1: into this, we get more and more used to it.

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Speaker 1: In many ways, this is we're all still thinking of

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Speaker 1: everyone impacted by this and and everyone who is not

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Speaker 1: going to be able to work throughout this and joining

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Speaker 1: me on the line is a good friend of the program.

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Speaker 1: Scott Mulhouser. He's a partner in public affairs lead of

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Speaker 1: Bully Pulpit Interactive. He's also the former chief of staff

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Speaker 1: at the US Embassy in Beijing, and he's the former

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Speaker 1: deputy chief of staff to Vice President Joe Biden. Scott,

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Speaker 1: thank you for coming on. Thanks for all right, let's start.

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Speaker 1: Let's start with the coronavirus before we go into the

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Speaker 1: political implications. You've worked in the embassy at the US

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Speaker 1: Embassy in Beijing. How would you grade China's response and

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Speaker 1: reaction and support for the international community throughout the coronavirus. Look,

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Speaker 1: it's a it's a multi tiered question, the short answer

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Speaker 1: of which is they have the stem of the viruses,

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Speaker 1: the virusy stem a little bit in the flow of it,

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Speaker 1: which is great. The number of new cases continue to plumber,

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Speaker 1: which is great news. Uhten large both for Chinese citizens

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Speaker 1: and for the globe to show how things can work.

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Speaker 1: That's said, the Chinese have both more levers and um

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Speaker 1: but different abilities than everyone else doff to stem it.

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Speaker 1: They still early and they got to it, which is great.

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Speaker 1: Alongside that come some restrictions that I think not every

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Speaker 1: country and every city and every state is willing to do.

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Speaker 1: The Chinese have more levers with staying in party control

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Speaker 1: and absolutely everything, and that allows them to do more

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Speaker 1: um but most important on a public health front is

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Speaker 1: standing in China and Chinese citizens are able to literally

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Speaker 1: Scott right there. Yeah, I can hear yeah, I can

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Speaker 1: hear you. No PSI please don't let us lose another guests. So,

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Speaker 1: I mean, in terms of what the administration has done,

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Speaker 1: do you think now the country is all on the

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Speaker 1: same page in terms of in terms of the social

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Speaker 1: distancing and working from home? Do you think most Americans

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Speaker 1: get it? It's great to see how many do I

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Speaker 1: mean you hear the the anecdotal stories, and you see

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Speaker 1: everything from the pictures from springbreak onward. But I think

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Speaker 1: as as sports leagues and seasons grind to a halt,

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Speaker 1: as as known elect officials and celebrities get it and

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Speaker 1: give the correct wisdom, and even those that don't have

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Speaker 1: it giving and dispensing of ice, and there's people listen

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Speaker 1: to their public utificials. It's helping when you're seeing streets

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Speaker 1: empty year here in d C, offices are largely shuttered

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Speaker 1: unless the emergency response demands them to do so. Eight

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Speaker 1: is wonderful to see someone who responding the right way.

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Speaker 1: It's also hard because for a lot of people that's

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Speaker 1: a lot of stylitude and it lets them either not

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Speaker 1: do their job and not earn a paycheck or a

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Speaker 1: host of other issues the words with it. But it

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Speaker 1: is great to see that the steps of the country

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Speaker 1: and the states and cities and everyone needs to take

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Speaker 1: their take. And I think it's it's it's hopeful that

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Speaker 1: that's that flattens the caurbon and improves all response and

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Speaker 1: it's the impact of what's happening, you know, Scott. I

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Speaker 1: think that's a really great point. And earlier on in

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Speaker 1: the program when we had sewn on, he was telling

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Speaker 1: us about the restaurant's impact and just how folks are

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Speaker 1: just being pummeled in the services industry. But Scott, you know,

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Speaker 1: I keep hearing this thing that, oh, China can they

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Speaker 1: can take these draconium measures because you know, their communist

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Speaker 1: nation and they did it. You know, they can do

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Speaker 1: it better than the world. But I really disagree with that.

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Speaker 1: I mean that that notion, Scott, because I look at

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Speaker 1: our businesses, I look at the private sector, I look

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Speaker 1: and is that not a massive advantage that the United

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Speaker 1: I mean, I don't think I'm wrong. The differences in China,

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Speaker 1: those businesses and those cities, and they're all tethered to

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Speaker 1: the Communist Party in a way that they will take

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Speaker 1: direction from the party and from the state selves. So

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Speaker 1: businesses themselves both have party officials and take direction from

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Speaker 1: the Communist Party, not in a way of a governor's

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Speaker 1: suggestion the band game, but even as sort it is

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Speaker 1: part of their daily DNA. It's part of their hourly DNA.

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Speaker 1: You know. Is that is not to undermine the well,

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Speaker 1: it's not in the fabric of you know, well, government

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Speaker 1: officials are not going officers of our private businesses. I

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Speaker 1: will tell you the the private sector and a number

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Speaker 1: of government officials have done a real nice job in response.

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Speaker 1: You've seen companies respond well, You've seen government leaders and

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Speaker 1: from governors on on both sides of the aisles for

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Speaker 1: jumping in a real way. It is impressive to watch

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Speaker 1: the folks we elected to solve problems seldom you're seeing

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Speaker 1: Andrew Cuomo in an hourly and daily basis really ty

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Speaker 1: mirecular stuff in New York and a host of others.

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Speaker 1: Maybe is it is this real time response that isn't

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Speaker 1: making even difference between folks getting effected and not. Alright, Scott,

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Speaker 1: now take us into into Biden world. As Biden now

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Speaker 1: just all but shores up the Democratic nomination. How has

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Speaker 1: this impact obviously it sent back to the short term campaign.

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Speaker 1: How has it impacted the longer term campaign once we

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Speaker 1: get out of this mess, this nightmare? How is it

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Speaker 1: going to impact uh, the president, the president versus likely

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Speaker 1: nominee Biden in a general election? Well, I mean the

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Speaker 1: mere term is indeed on right. You have to wrap

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Speaker 1: up the nomination, but really focus on the public crisis

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Speaker 1: and the impact. You have to both, you know, figure

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Speaker 1: out who your vice president might be, figure out how

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Speaker 1: to um close out senator standers and lock up this nomination,

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Speaker 1: which seems like it's it's continuing to pad in that

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Speaker 1: direction pretty overwhelmingly. But you have to do so amidst

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Speaker 1: this overlay of everyone stuck in their homes. You know,

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Speaker 1: hundreds of thousands impacted on a you know, their jobs

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Speaker 1: and everything else, it's it's very real, and so I

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Speaker 1: think the question of what that means for the campaign

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Speaker 1: in the near term is things get remote. There are

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Speaker 1: a fewer canvassers, there are there aren't rallies, there's there

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Speaker 1: aren't there'sn't door knocking, there's sort of all the stuff

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Speaker 1: that a lot of us think of politicians and electives

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Speaker 1: and campaigners doing at this plant. But I think the

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Speaker 1: Vice presidents on a nice job kind of showing his

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Speaker 1: Corona response protocols what experts keep rely on how we

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Speaker 1: do it. But but the question of what happens next

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Speaker 1: is a real one. I think the question is how

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Speaker 1: long does this endure? What is it look like? And

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Speaker 1: when are we all able to to talk about other

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Speaker 1: things again? Right? And I think a lot of this

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Speaker 1: will be not just a public health response, but how

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Speaker 1: we as a country respond to this. What is what

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Speaker 1: our communities need, What do we need in the public

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Speaker 1: health card, what a our restaurants and and and small

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Speaker 1: businesses needs to how we pull together and what these

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Speaker 1: two candidates see in in terms of that vision and

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Speaker 1: how they projected the people is going to be difference

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Speaker 1: been winning and losing in November, you know, how how

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Speaker 1: does Joe Biden wrap this up? I mean, does you

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Speaker 1: have to wait to officially get it at the convention

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Speaker 1: or I mean, what are you hearing behind the scenes

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Speaker 1: for Joe Biden to officially declare this or is he

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Speaker 1: in in some ways almost benefit from having Sanders still

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Speaker 1: in the race because it would allow you know, some

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Speaker 1: more for I mean headlines, for lack of a better word,

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Speaker 1: but would allow for there to be a debate, allow

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Speaker 1: for him to have a national platform, a national audience,

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Speaker 1: to be on television. You know, I'm trying to get

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Speaker 1: at Scott I do, I do, and I think he

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Speaker 1: has that platform. I'll save you. I think the wrapping

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Speaker 1: up is happening. We saw you saw tuesday, you saw

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Speaker 1: three wins of of significant fashion for the former vice president.

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Speaker 1: I think what you're seeing is not only that that

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Speaker 1: landing and state after state particularly you know, states from

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Speaker 1: Maine to Massachusetts to Michigan to Arizona, right sort of

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Speaker 1: all different demographic groups. So I think that is sending

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Speaker 1: a statement that not only got most of his rivals

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Speaker 1: to back him right from from the boot Joe Sami

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Speaker 1: Clovich arg to Bedel of Rourkean Cory Booker, the host

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Speaker 1: of others Kamala Harris. But also you're seeing the impact

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Speaker 1: in terms of folks thinking about him as a likely nominee.

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Speaker 1: Senator Sanders is openly reassessing his campaign and attempting to

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Speaker 1: figure out what steps he could take. And I suspect

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Speaker 1: you likely looking for a graceful like and you know

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Speaker 1: this is a hiccup where everyone can can for a

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Speaker 1: campaign is not a you know, a giant rejiggering of

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Speaker 1: how you think about this everything thing forward. But I

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Speaker 1: think what is clear is that it is overwhelmingly let

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Speaker 1: present Biden's nomination too. And with moments left in the

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Speaker 1: Sanders campaign, he's probably looking for a base. Maybe that's

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Speaker 1: figuring out what he wants out of a party platform,

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Speaker 1: or out of a potential cabinet discussion, or out of

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Speaker 1: the convention. I suspect he's coming up with a list

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Speaker 1: of items you might want to officially close this out.

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Speaker 1: But when you stop to reassess your campaign, it's a

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Speaker 1: sign you're thinking about what else you should do moving forward. Scott,

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Speaker 1: it's good to talk to you, my friend. Thanks for

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Speaker 1: making time for me today. I hope you're doing well.

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Speaker 1: I hope your family is doing well. I'll catch up

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Speaker 1: with you a little bit later. Download the Boomberg Sound

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Speaker 1: On podcast on Apple I terms of Bomberg dot com

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Speaker 1: by downloading the Bloomberg Business App. You can also find

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Speaker 1: me on Radio dot com, I Heart Radio and Spotify.

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Speaker 1: I'm Kevin Sireli, Chief watching the corresponding to Bloomberg TV

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Speaker 1: and Radio. And you're listening to Bloomberg one. You're listening

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Speaker 1: to Bloomberg Sound On with Kevin Currel on Bloomberg and

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Speaker 1: one or five point seven m h D two. I'm

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Speaker 1: Kevin Sireli, Chief Washington correspondent for Bloomberg Television of Bloomberg

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Speaker 1: Radio and help. Everyone's doing well out there. We're covering

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Speaker 1: all of the angles now and just within this show

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Speaker 1: and this hour, the Senate Republicans have unveiled their Economic

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Speaker 1: Stimulus Bill, Phase three, as it's being called, one point

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Speaker 1: three trillion dollars and UH, most Americans would get a

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Speaker 1: check of at least twelve hundred dollars deposited into their

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Speaker 1: bank accounts UH, a little more than two thousand dollars

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Speaker 1: for married couples who have filed joint income tax returns,

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Speaker 1: and five hundred dollars per child, uh if for for

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Speaker 1: those families that have that have kids, and that's likely

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Speaker 1: going to be voted on in the next couple of days,

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Speaker 1: Democrats saying that they want to see a little more

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Speaker 1: so there could be some debate on that front, and

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Speaker 1: so we're going to cover that as we get it. Meanwhile,

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Speaker 1: President Trump has talented the Food and Drug Administration. The

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Speaker 1: Food and Drug Administration has been told by President Donald

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Speaker 1: Trump to see if it can expand the use of

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Speaker 1: the decades old malaria drug as an experimental treatment for

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Speaker 1: coronavirus patients. But it's been available for decades for malaria,

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Speaker 1: it's not clear whether it will work against the new illness. Um,

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Speaker 1: we're still trying. We're still we're ending the show the

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Speaker 1: way that we got it. We're trying to get Nikki

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Speaker 1: Schwab on the line, who is a reporter for us,

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Speaker 1: so when we get her, I will bring it to her.

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Speaker 1: And our staff has just been working tirelessly to set

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Speaker 1: this up. He's on the line, Nikki, are you there.

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Speaker 1: I can hear you now. Fend alright, alright, I'm so

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Speaker 1: glad you're on the show. You're one of my favorite reporters.

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Speaker 1: In the White House Press Corps because you know everything.

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Speaker 1: So tell me, Nicky Schwab of the Daily Mail dot com,

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Speaker 1: what the adminisration? What? What does it give me a

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Speaker 1: window into the administration and President Trump's world right now

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Speaker 1: every day at those briefings. So I so I have

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Speaker 1: to say, I actually haven't visited been in the briefings

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Speaker 1: this week, though I was in the Rose Garden on

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Speaker 1: Friday when we were not practicing, uh, the proper distancings.

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Speaker 1: We're also on top of each other, uh in the

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Speaker 1: Rose Garden as he was giving a Postoma spin. But

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Speaker 1: this week it seems like, you know, now we're trying

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Speaker 1: to practice some social distancing. Though today Trump sort of

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Speaker 1: used that to attack the media and said he would

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Speaker 1: prefer there to even fewer reporters in the room, perhaps

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Speaker 1: just maybe three of his favorites, as he's sort of

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Speaker 1: I would say the Frequenciduy was really interesting because he

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Speaker 1: seemed a little bit more unsettled, and he kind of

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Speaker 1: went back to his normal sort of playbook of sort

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Speaker 1: of attacking the media whenever he didn't quite know the

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Speaker 1: answer to some of these questions. Uh. And so that

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Speaker 1: was sort of a really sort of strange push pulled dynamic.

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Speaker 1: And then on top of that, you had, at the

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Speaker 1: very end of the briefing that extremely bizarre moment whenever

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Speaker 1: he called on a one American news reporter who basically asked,

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Speaker 1: is Chinese food racist? Uh So that that was sort

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Speaker 1: of the cherry on top for what was a briefing

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Speaker 1: that oh I was saying. It feels like that was

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Speaker 1: sort of the capstone of a briefing in which, you know,

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Speaker 1: there were some answers provided, and then later, uh, you know,

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Speaker 1: you see people sort of backtracking. For instance, you're talking

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Speaker 1: about this drug that he had touted, you know, and

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Speaker 1: you know, we're going to make it work for coronavirus,

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Speaker 1: and then a short time later, the SBA had to

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Speaker 1: come out and say, you know that it's it's not

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Speaker 1: been improved to treat coronavirus, and that you know, there

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Speaker 1: might be exemptions made, but you know, it didn't square

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Speaker 1: with what the President was saying in the actual briefing room. Well,

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Speaker 1: this is the first time where that type of dynamics

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Speaker 1: has happened. I mean, and I do want to I

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Speaker 1: do want to know what I mean. Republicans that I

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Speaker 1: talked with, they say these de regulatory policies are actually

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Speaker 1: going to get treatment faster, and the science community is saying, well,

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Speaker 1: these processes, these processes are are put in place because

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Speaker 1: you know, they've got to test everything. But I mean

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Speaker 1: it's just you know, you don't have to have a

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Speaker 1: medical degree to know that the entire world is focused

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Speaker 1: on beating this disease. You would hope that the that

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Speaker 1: the vaccine and the treatments would be faster. Because we're

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Speaker 1: covering this every day on Bloomberg as companies are readjusting

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Speaker 1: their supply chains, uh, to to do masks and whatnot.

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Speaker 1: Take us behind the scenes based upon your reporting, Nikki

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Speaker 1: Swab at the Daily Mail dot com in terms of

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Speaker 1: the negotiations that the Administration the Treasuries Office that they're

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Speaker 1: having with lawmakers up on Capitol Hill. Now that we

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Speaker 1: get to phase three of this eco stimulus bill that

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Speaker 1: McConnell's just released within the last hour, Yeah, so I

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Speaker 1: mean we now have some dollar amounts, which is really interesting,

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Speaker 1: is actually a little bit more money. I think hummunution

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Speaker 1: has sort of previewed that it might be more than

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Speaker 1: and just sort of a thousand dollars a month or

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Speaker 1: every couple of weeks. So now it's uh Mr McConnell

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Speaker 1: is pitching that at twelve hundred dollars per person or

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Speaker 1: per couple, which is still per person plus an additional

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Speaker 1: five per child. And I know that there have been

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Speaker 1: some Republicans that are they're certainly reluctant. Uh, that's sort

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Speaker 1: of sort of do it this way. Uh. This is obviously,

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Speaker 1: as you know in politics, are very much a democratic

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Speaker 1: proposal for market. The piece of Andrew Yang's campaign is

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Speaker 1: universal basic income, and this is what this has. Uh,

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Speaker 1: this is what this is sort of based on. And

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Speaker 1: I think that you know, also looking at the politics

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Speaker 1: of it, you know, I think there's a real reluctant

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Speaker 1: uh with everybody in the country just sort of just

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Speaker 1: do sort of blanket bailout of corporations now. And so

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Speaker 1: I think Republicans can see that, and that's why we're

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Speaker 1: you know, we're seeing this proposal be pushed forward. And

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Speaker 1: I think also, I mean, if you have miss McConnell

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Speaker 1: being the one that's doing the pitching, I think there

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Speaker 1: is a good chance that this actually happened. I mean,

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Speaker 1: he's usually the breaks on anything that took towards socialism,

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Speaker 1: but the fact that he's the one of pitching it,

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Speaker 1: I think means that we're gonna definitely see it. I

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Speaker 1: just don't. I just can't. I mean, you've got literally

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Speaker 1: the entire country screeching to a halt. I mean, and

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Speaker 1: and so this is, this is so different than two

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Speaker 1: thousand and eight. It's so different than than the last

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Speaker 1: financial crisis, because it's the whole entire country. And I

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Speaker 1: think now that you have work, it's work, I mean,

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Speaker 1: and it's it's surreal. I mean, everyone's experiencing it. Those

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Speaker 1: social distancing kids home from school likely for at least

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Speaker 1: the next couple of weeks months, who knows, you know,

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Speaker 1: But let me let me ask you this. I mean,

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Speaker 1: you mentioned, uh, you mentioned how McConnell's throwing his his

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Speaker 1: weight behind this. I would agree. Every source that I'm

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Speaker 1: talking with their like, look if the Coats behind this,

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Speaker 1: good luck. He's the king of the Senate. I mean,

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Speaker 1: if he's saying this is what we're gonna do. I mean,

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Speaker 1: you might see, you know, some sort of bickering over numbers,

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Speaker 1: but I don't see this land getting scrapped. I think

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Speaker 1: it's I think some you know, part of this is happening.

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Speaker 1: I think you will see, you know, not checks in

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Speaker 1: the mail, probably more direct deposits because social distancing. But

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Speaker 1: I think you are going to see cash in the

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Speaker 1: hands of Americans in the next couple of weeks. And

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Speaker 1: also just one thing, Kevin, I mean, you know that

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Speaker 1: the house is clearly sort of uh, they have to

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Speaker 1: be especially careful right now because they've got two members

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Speaker 1: that have protective positive of coronavirus. I think the Senator

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Speaker 1: also realizes that he realizes that, you know, people could

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Speaker 1: get sick if they're staying in Washington too long on

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Speaker 1: the Capitol with with everybody there. So I think you

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Speaker 1: know they're going to get this etched up as quickly

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Speaker 1: as possible and get people out the door. You know,

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Speaker 1: I couldn't agree with you more. All right, Nicky, tell

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Speaker 1: me something good. We've got like a minute and a

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Speaker 1: half left, But tell me one good thing that you

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Speaker 1: heard today to end the show on a positive note

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00:25:48,200 --> 00:25:50,440
Speaker 1: besides getting you on the line. Tell me some good news.

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Speaker 1: Good news is that DC here or vow let's have

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Speaker 1: alcohol delivery. So I, uh email my favorite local wine

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Speaker 1: store because they are local business and I know the owner,

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Speaker 1: and I ordered myself some wine. Uh, to give me

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Speaker 1: through the next couple of days while I'm working for

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Speaker 1: because I don't drink. But listen, wait, okay, they okayed

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Speaker 1: delivery of alcohol in the district. Tell me to give

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Speaker 1: me the latest, give me the scoop. So one of

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Speaker 1: my friends, his even Brent, he owned Maxwell, which is

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Speaker 1: a little like wine bar in a Shawn neighborhood. He

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Speaker 1: actually pushed Army or Muriel Bowser to basically believe copy

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Speaker 1: New York City and allow for goose delivery. I think,

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Speaker 1: you know, you can't like fill up beer and cups

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Speaker 1: and like send it out, you know, but it's but

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Speaker 1: you know, if it's a wine bar, they've got you know,

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Speaker 1: corks bottles of wine that they can sell. Another business,

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Speaker 1: Jack Rose, which is in the Albom Working neighborhood. They

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Speaker 1: are actually selling off their entire whiskey collection to people.

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Speaker 1: I assume they either pick it up or you know,

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Speaker 1: have it delivered to them in order to make sure

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Speaker 1: that their employees are able to get funds and the business. Well,

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Speaker 1: I mean it is smart. I mean, why go out

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Speaker 1: to the grocery store. If you want to be socially distant,

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Speaker 1: you might as well have the delivery all right, Nikki Spob,

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Speaker 1: first time on the program, but it's not going to

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Speaker 1: be your last. Thanks for that. I appreciate you so

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Speaker 1: much coming on. Nikki Spob, senior US political reporter at

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Speaker 1: the Daily Mail dot com. Thanks for listening, everybody. We've

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Speaker 1: got all the technical glitches finally figured out. I'm Kevin

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Speaker 1: surreally cheap Washington correspondent from Boomberg TV and Radio. Stay

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00:27:17,160 --> 00:27:20,919
Speaker 1: socially distant, do your patriotic duty. Thanks for listening to

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Speaker 1: Bloomberg