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Speaker 1: Live from our nation's capital. This is Bloomberg Sound On.

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Speaker 1: We're gonna talk about the policy prescriptions of the Biden administration.

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Speaker 1: We're not going to hear anymore about Operation warp Speeds.

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Speaker 1: They're gonna be calling it the COVID response. We're talking

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Speaker 1: right now about jockeying amongst Republicans. Bloomberg Sound On, the insiders,

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Speaker 1: the influencers, the insiders fighting has commented again and again

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Speaker 1: that he will unite the country. Who do you think

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Speaker 1: Fiden has to watch in terms of moderate detectors? The

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Speaker 1: House has been voting for this stimulus package basically for months.

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

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Speaker 1: Plus we check in with Adam Bowler. What's he been

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Speaker 1: up to. He's launching a healthcare farm. Who's going to

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Speaker 1: give us the former DFC Churning is going to give

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Speaker 1: us an update on what he's been up to. Plus

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Speaker 1: US China Relations out of Goodman's with me for the hour.

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Speaker 1: My name is Kevin Curreli. I'm the chief Washington correspondent

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Speaker 1: for Bloomberg Television and for Bloomberg Radio. Accompanied by Bloomberg

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Speaker 1: Politics contributor Jeanie Schnzano, and Adam Goodman. Adam is a

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Speaker 1: National Republican media strategist and a columnist. He is also

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Speaker 1: the first Edward R. Murrow Senior Fellow at Toughs University's

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Speaker 1: Fletcher School. Uh. Let's begin with the big story, and

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Speaker 1: that is infrastructure. Did you see President Biden's remarks earlier

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Speaker 1: this afternoon? He made the case today for his two

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Speaker 1: and a quarter trillion dollar infrastructure plan as more Democrats

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Speaker 1: pushed back on the price tag. Senator Chris Coon's a

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Speaker 1: Delaware he's the top Biden ally. He said today that

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Speaker 1: Democrats may have to settle for a less robust package

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Speaker 1: that only focuses on what he called hard infrastructure, and

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Speaker 1: earlier this week, Senator Joe Mansion of West Virginia said

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Speaker 1: he doesn't support raising the corporate tax rate to the

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Speaker 1: moderates are speaking out, the Centrists are utilizing their political capital.

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Speaker 1: Speaking at the White House earlier today, President Biden said

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Speaker 1: there was a time when railroads and highways were not

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Speaker 1: considered infrastructure until the country built him here's the sound

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Speaker 1: on the roads. The idea of infrastructure has always evolved

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Speaker 1: to meet the aspirations in American people and their needs,

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Speaker 1: and it's evolving again today. He went on to say,

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Speaker 1: though he's open for negotiations, I'm willing to listen to that.

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Speaker 1: I'm William wide open too, but we gotta pay for this.

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Speaker 1: You know someone who's whose opinion I respect, I trust

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Speaker 1: is Ian Bremer is the founder and president of your

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Speaker 1: Asia Group and G zero Media, and he spoke with

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Speaker 1: my colleague David Weston today on balance of power. Brilliant

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Speaker 1: conversation because they brought up Mansion, the Man in the middle,

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Speaker 1: Mansion in the Middle, and they asked him point blank

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Speaker 1: about how Joe Mansion the Mountaineer has become the most

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Speaker 1: powerful person in Washington. D c here is. I was

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Speaker 1: actually briefing Senate an Intel committee yesterday morning. The biggest

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Speaker 1: laugh line I got was when I said, look, you

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Speaker 1: guys just need to throw Mansion more money. Lady is

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Speaker 1: the most powerful person in the United States government right now.

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Speaker 1: And uh, you know, his resistance to new taxes to

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Speaker 1: pay for the trillions of dollars that we're talking about

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Speaker 1: in infrastructure um is significant. See. The reason I like

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Speaker 1: Bremers so much, Genie is because he says significant, Whereas

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Speaker 1: I want to say it's a huge deal. You know,

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Speaker 1: I get a little emotive, sometimes a little too much, Genie,

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Speaker 1: but I agree with Bremer's point. I agree as well.

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Speaker 1: And as long as you don't say big ye, I

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Speaker 1: think we're good to you. Um, you know, but I

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Speaker 1: just want to give you a laugh, Kevin. But you know,

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Speaker 1: I you know, Ian makes a really important point, obviously,

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Speaker 1: Joe Mansion. You know, as you mentioned most power off our,

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Speaker 1: he mentioned most powerful man in Congress, person in Congress,

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Speaker 1: if not in American politics today. But this is what happens.

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Speaker 1: Once the parliamentary in says they can use reconciliation, We're

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Speaker 1: going to see a lot more moderate Democrats flexing their power.

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Speaker 1: And it's not you know, this happens every single time.

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Speaker 1: It happened in the affordable care activate. It's gonna happen now.

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Speaker 1: It's part of the way our system works. And nobody

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Speaker 1: can be surprised by this, Adam, given the problem for

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Speaker 1: the moderates has always been they get lumped into this

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Speaker 1: artificial debate that if they're not for lowering or raising

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Speaker 1: the corporate tax rate, that there are four corporations and

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Speaker 1: they're against the middle class, how do they push back

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Speaker 1: against that criticism from the AOC crowd. They get behind

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Speaker 1: the mountain of mansions. I mean, isn't amazing how one

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Speaker 1: maybe there are there are many of those, right, isn't

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Speaker 1: amazing how one person of we'll call conscience can actually

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Speaker 1: uh kind of stop the trains that normally kind of

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Speaker 1: overrun common sense and practic reality. Uh. And it seems,

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Speaker 1: I tell you, with a Senate in a House that's

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Speaker 1: become much more uh you know, run by the by

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Speaker 1: the by leadership where I get to speak of the

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Speaker 1: House and the President of Senate. Uh, they kind of

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Speaker 1: command the ship or have I think that's giving way.

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Speaker 1: And you watch what's gonna happen in the months and

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Speaker 1: years ahead. Actually as more and more members of the U. S.

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Speaker 1: Senate in particular, you see this in the House as well,

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Speaker 1: but in the in the U. S. Senate start to

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Speaker 1: flex their independent muscles, uh, in the center. And how suddenly, uh,

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Speaker 1: you know, maybe the American public can take a look

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Speaker 1: at what's going on in Washington and once in a

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Speaker 1: while say, you know what, they're kind of getting it right.

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Speaker 1: And one person who's thanking is lucky starts that Joe

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Speaker 1: Manchin is there Frankly, I know it sounds odd, is

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Speaker 1: President Joe Biden because I think really aligned with his

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Speaker 1: well and to follow up on that atom, I mean,

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Speaker 1: let let me ask you this, because uh, this is

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Speaker 1: the new triangulation of of of power in Washington, d C.

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Speaker 1: It's mansioned in the middle, it's Mitch McConnell, and it's

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Speaker 1: President Biden. Between the three of them, they're broker in

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Speaker 1: the deals and everything's going through them, and so it

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Speaker 1: mansions one goal post and I would argue McConnell's the other.

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Speaker 1: Unless so the the the far left movement because for

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Speaker 1: Senator Chris Coons, who has anyone who's listening to this

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Speaker 1: program knows as always has the air of President Biden

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Speaker 1: for him to put down a marker today, I tracked

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Speaker 1: this thing for him to say, we might have to

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Speaker 1: do a hard infrastructure bill. Okay, now they're up and

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Speaker 1: now it's an open negotiation season. So to to give

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Speaker 1: it top line view, you've got Biden lays down the

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Speaker 1: gauntlet in Pittsburgh, You've got Mitch McConnell and Kentucky saying

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Speaker 1: that it's a trojan horse. And then you've got uh,

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Speaker 1: now you've got Coons his allies saying, well, actually, we're

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Speaker 1: willing to negotiate. So what's now. Now now is where

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Speaker 1: they talk, right, Adam, Well, this goes talk about what

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Speaker 1: they're talking about its infrastructure. Right. Why is it? Why

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Speaker 1: is it, Kevin and Genie that the Democrats are trying

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Speaker 1: to sell the biggest infrastructure program and the history of

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Speaker 1: the planet, or trying to pass it rather before selling it,

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Speaker 1: before explaining it, before getting people on board. They're saying, well,

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Speaker 1: here's the price tag. Now let's tell you what's in it.

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Speaker 1: And then when uh Kasio cortez I said, well, you

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Speaker 1: know what, two training is not enough. We have to

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Speaker 1: go ten um and then she's you know, cherry tream,

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Speaker 1: she's Christmas treeing everything with healthcare and a down payment

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Speaker 1: on a Green New Deal and all the rest of this.

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Speaker 1: Why is it that this came out of the box

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Speaker 1: an incredibly important thing which, by the way, is gonna

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Speaker 1: could put us, could put us, have done right in

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Speaker 1: a position where we put China and others in our

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Speaker 1: rear view mirror. Again, why didn't they just think this

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Speaker 1: for a second, Maybe we should tell people first and

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Speaker 1: kind of sell people first before we start to push

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Speaker 1: another big a to American taxpayers. Well, no, I think

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Speaker 1: Adam raises a really important point which has been the

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Speaker 1: the major discussion in Washington, which is what is infrastructure.

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Speaker 1: I mean, we all saw Kristin Jilibrand today tweeting that

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Speaker 1: infrastructure is paid leave, child care, caregiving, infrastructure, that all

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Speaker 1: amounts to infrastructure. You have Republicans pushing back saying she's

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Speaker 1: writing our talking points for two for us. And I

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Speaker 1: think to to your point, Kevin, you know what Chris

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Speaker 1: Coon's is is signaling is they may come somewhere in

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Speaker 1: the middle, but where exactly that's going to be is unclear.

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Speaker 1: I mean, what I heard Biden say today is that

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Speaker 1: he's willing to compromise. I don't know if I believe it,

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Speaker 1: but he said it. But he also said what he's

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Speaker 1: not going to put up with his doing nothing. And

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Speaker 1: I do think he's got roomed to negotiate with Republicans

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Speaker 1: because this bill remains popular with the American public in

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Speaker 1: many ways, even amongst Republicans, if not independence. I mean,

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Speaker 1: I hear you on that. And I'm always skeptical of

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Speaker 1: those top line polls because I think parts of this,

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Speaker 1: you know, and who was the former Vice President Mike

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Speaker 1: Pence today released his new action pack or whatever you know,

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Speaker 1: first step in and part of his economic proposal is

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Speaker 1: add of the FED rain in uh, wasteful spending. It's

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Speaker 1: right there in his outline. So I think the Republicans

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Speaker 1: are gonna start talking about these deficits. But here's here,

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Speaker 1: speaking of Republicans, Jennie, you brought him up, Senator Mitch McConnell.

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Speaker 1: He was in in Kentucky, Paduca, Kentucky, earlier today at

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Speaker 1: a hospital talking about vaccine distribution, and every all the

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Speaker 1: reporters wanted to talk about the infrastructure plan. Here's here's

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Speaker 1: the sound on Paduca. We have it. Not every single Democrat,

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Speaker 1: even though they all saluted and signed up for this

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Speaker 1: package earlier this year, we'll have some skepticism about this

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Speaker 1: massive growth government. I mean, there you go down in Paduca,

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Speaker 1: they're they're they're talking about how skeptically is of the taxes.

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Speaker 1: That's Paducca common sense for you, and they're right, hey,

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Speaker 1: look look at let's talk about, uh, what it's gonna take.

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Speaker 1: I mean, we don't seem to start like with you know,

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Speaker 1: the A b c's the civil Engineers of America have

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Speaker 1: said that just to fix what's broken and in traditional

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Speaker 1: infrastructure is gonna take somewhere between two and five trillion dollars.

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Speaker 1: So is that. But that's not what the President said today.

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Speaker 1: He said, we've got to start redefining when infrastructure is

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Speaker 1: so clearly that means he's not interested in fixing everything

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Speaker 1: that's broken before he starts to build things that aren't

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Speaker 1: there without any kind of groundswell of demonstrative public support

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Speaker 1: behind what it is. And you're right, Kevin when you say,

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Speaker 1: don't believe the polls, because we don't. Americans aren't informed

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Speaker 1: enough to make, you know, a kind of a practical

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Speaker 1: assessment of what this really means to them and whether

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Speaker 1: it's it's it's you know, it's proper it's it's it's

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Speaker 1: properly funded. It will do what's it's said to be,

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Speaker 1: you know, said promised to be to be done. And

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Speaker 1: you go back to FDR and go back to FDR.

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Speaker 1: FDR said to America, we're gonna we're gonna rise, All

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Speaker 1: ships will rise, and we're gonna rise together, and he

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Speaker 1: sold the program. It was then the biggest program in

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Speaker 1: the history of the planet of infrastructure and for a

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Speaker 1: lot of reasons at work. Now we have a chance

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Speaker 1: to do that, but we don't do that by press release, right,

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Speaker 1: we know by pulling together. All Right, we're gonna talk

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Speaker 1: much more about this coming up. And here's a fun factory,

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Speaker 1: you know. It's headquartered in Paduca, Dipping DUTs. I'm Kevin's

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Speaker 1: really this is Bloomberg. This use Bloomberg's jowned on Bloomberg Radio.

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Speaker 1: I'm Kevin Surili, chief Washton correspondent from Bloomber TV and Radio.

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Speaker 1: Bloomberg Politics contributor Jeanie Schanz Knows with me. Adam Goodman

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Speaker 1: of Republican Media Strategists with me. Earlier we were talking

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Speaker 1: about Paduca, Kentucky, where Mitch McConnell was speaking earlier today

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Speaker 1: talking about infrastructure. Dippin' Dots is headquartered in Paduka. Hey,

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Speaker 1: you know what my first job was, Genie, I am

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Speaker 1: going to guess an ice cream man you were serving?

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Speaker 1: I did. I was. I was a crew leader at

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Speaker 1: cold Stone Creamery in Media, Pennsylvania. And let me tell

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Speaker 1: you something. The founders favored named Media Pennsylvania that is

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Speaker 1: actually weird. You're the first person to actually and bring

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Speaker 1: this to my attention. It's all fole, Adam. It's like

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Speaker 1: I'm a I'm a chameleon communicator. You're following me. It

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Speaker 1: was meant to be. What was your first I know

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Speaker 1: in the course of this, I think radio is just

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Speaker 1: an ongoing conversation. And we, uh, we know that Genie's

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Speaker 1: first job was at a Blockbuster video store. Adam, what

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Speaker 1: was your first job? Oh, my gosh, this will date me.

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Speaker 1: It was. My first job was writing a shotgun on

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Speaker 1: a Good Humor ice cream truck. Yes. And what got

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Speaker 1: me was after a couple of weeks of doing that,

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Speaker 1: I would go to bed at night and I'd still

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Speaker 1: be hearing the bells ringing, which you know when you

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Speaker 1: ring the bells all the way up and down the street,

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Speaker 1: to the point where I thought I was gonna gonna

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Speaker 1: lose my sanity. So I politely declined it gave me,

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Speaker 1: I think about three dozen ice cream bars, and said,

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Speaker 1: good luck. You know, I'm probably going to out myself

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Speaker 1: and and I shouldn't do this, but on my last night,

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Speaker 1: it was my last day on the job at cold

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Speaker 1: Stone Creamery, and I let's just say I was in

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Speaker 1: high school and I invited all my friends and there

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Speaker 1: was there was a lot of ice cream being given out.

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Speaker 1: You know, I'm a capitalist, but when it comes to

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Speaker 1: ice cream, everybody you pay for you know, I can't

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Speaker 1: lie in Catholic I didn't. I didn't, Okay, but hey,

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Speaker 1: oh well anyway, no, no, I'm buy the book. Especially

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Speaker 1: when it comes to ice cream delivery services. I'm digging

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Speaker 1: the hole deeper, as Tom King says, and deeper and deeper.

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Speaker 1: Let's talk U S China relations, shall we. Adam's got

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Speaker 1: a great new column. I love this column and it's

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Speaker 1: it's a topic that I'm obsessed with. Uh it's the

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Speaker 1: Beijing Olympics in two and he wrote it for the

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Speaker 1: Daily Caller and the headline is the U s should

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Speaker 1: go to Beijing Olympics in two and beat the Chinese

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Speaker 1: on their own surf. And I've been asking China experts

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Speaker 1: about this throughout the past couple of months. You argue

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Speaker 1: that we should appear at the Beijing Games. Why, well,

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Speaker 1: there have been six boycotts in the history of the Olympics,

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Speaker 1: going back the ninet in Melbourne where Eja and others

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Speaker 1: were protesting the Suez Canal crisis. Uh and um is

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Speaker 1: one in Tokyo or China North Korea. Uh, did try

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Speaker 1: to launch a counter Olympics, and they shutting that. The

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Speaker 1: problem is the Olympics is one of those things that

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Speaker 1: gives all of us on this planet something potentially to

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Speaker 1: cheer for instead of the root against. And at a

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Speaker 1: time when you know, collegiality and camaraderie seem to be

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Speaker 1: flying by the boards, this is our chance to show that.

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Speaker 1: And and by showing up and by doing well, frankly,

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Speaker 1: I think we send a more powerful message than trying

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Speaker 1: to talk tough and act tough towards the People's Republic

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Speaker 1: of China. And that's why I think we should go. Uh. Look,

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Speaker 1: they do lousy things. Uh, And I point this out.

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Speaker 1: There are a lot of legitimate gripes about what China

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Speaker 1: is doing. They cheat, they manipulate, They are absolutely conformists.

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Speaker 1: They are a big brother, you know on steroids. Uh.

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Speaker 1: What they're doing with the Ugars is just like unconscionable.

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Speaker 1: What they could are about to do, which Bloomberg is

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Speaker 1: reporting out somewhat today with Taiwan, is frightening all those

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Speaker 1: things right, hate that part. Uh, They're unfair trade, the

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Speaker 1: manipulation of currency, go down the whole list. However, I

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Speaker 1: remember seeing the clips of Jesse Owens in the thirty

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Speaker 1: six Games in Berlin. I remember how that felt, even

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Speaker 1: decades later, when I was breathing there for the first

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Speaker 1: time on the on earth. How how that made me

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Speaker 1: me feel, and how made others feel about having sent

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Speaker 1: one of the most powerful signals against one of the

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Speaker 1: worst acts in the history of mankind that was to come,

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Speaker 1: and that gives this is an opportunity for us to

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Speaker 1: do something similar. So, yes, we have a lot of beasts.

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Speaker 1: There are a lot of things wrong in the in

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Speaker 1: the China US relationship. But you want to find you

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Speaker 1: want to put it, you want to want up it,

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Speaker 1: you want to really show up and show the world

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Speaker 1: that we're ready to lead in a in a way

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Speaker 1: where excellence is pride. I think this is the place

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Speaker 1: to go, and Beijing is um I think is well timed. Well.

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Speaker 1: Take a listen to what Jensaki, White House Press secretary

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Speaker 1: had to say about the Olympics earlier today. Here's the

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Speaker 1: sound on on the Olympics. Our position on the Olympics

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Speaker 1: has not changed. We have not discussed and are not

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Speaker 1: discussing any joint boycott with allies and partners. Um, you

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Speaker 1: know what I was and I strongly recommend Adam's piece

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Speaker 1: as well. What I was struck by is the fact

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Speaker 1: the State Department did raise this issue, and I was

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Speaker 1: glad she walked it back. Today, I think it is

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Speaker 1: a horrible idea. And let's just ask Jimmy Carter who

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Speaker 1: said it was the worst decision he made as president,

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Speaker 1: was the boycott that he put in place. There's no

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Speaker 1: benefit to the United States to boycott, and let's not

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Speaker 1: forget we would be doing it basically alone or with

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Speaker 1: a few allies, and to what end. So I couldn't

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Speaker 1: agree more with Adam's assessment here. And speaking of our

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Speaker 1: colleague David Weston, when he talked to Ian Bremer, Ian

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Speaker 1: had some really good points on this as well. Fascinating.

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Speaker 1: I think, I think it's going to be remarkable. And

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Speaker 1: already there was a great Eurasia Group briefing that came

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Speaker 1: out that suggested that the Communist Party of China is

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Speaker 1: already pressuring third other smaller countries in Africa, in particular

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Speaker 1: saying if you go on to boycott, you will be

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Speaker 1: retaliated against economically. Here we go, folks, I'm Kevin SURRELI,

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Speaker 1: this is Bloomberg Broadcasting line from our nation's capital, Bloomberg

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Speaker 1: to New York, Bloomberg eleven Frio to San Francisco, Bloomberg

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Speaker 1: nine to the Country, Serious XM General one and around

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Speaker 1: the globe, the Bloomberg Business app and Bloomberg Radio. Curb.

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Speaker 1: This is Bloomberg Sound On coming up. We check in

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Speaker 1: with Adam Butler. They don't want to miss what he's

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Speaker 1: up to. Jen Jacobs, my friend had the scoop. He's

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Speaker 1: launching a new investment firm. It's fascinating, fascinating politics plus

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Speaker 1: already underway. Former Vice President Mike Pence. I just got

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Speaker 1: the press release. He's launching an advisory committee pack first

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Speaker 1: step in and he's writing an autobiography. I want to

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Speaker 1: know what happened in January. My name is Kevin Cirelli.

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Speaker 1: I'm the chief Washington correspondent for Bloomberg Television and for

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Speaker 1: Bloomberg Radio. Accompanied by Bloomberg contributor Jeanie shn Zano and

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Speaker 1: Adam Goodman, national Republican media strategist and columnists. Adam is

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Speaker 1: also the first Edward R. Murrow Senior Fellow at Tufts

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Speaker 1: University's Fletchers School. Should we do it? Should we talk about?

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Speaker 1: Is a too early? We're not even done President Biden's

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Speaker 1: uh first one days. But former Vice President Mike Pence

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Speaker 1: uh took the first step today adam to to launch

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Speaker 1: presidential run. He's also got a new autobiography in the works.

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Speaker 1: It looks like he's taking steps to to to jockey

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Speaker 1: for well. There's no question that he and others had

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Speaker 1: their sites set, you know, a couple of years off.

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Speaker 1: But all eyes right now should be on morrow. Log

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Speaker 1: up because Donald Trump is still the heart of the

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Speaker 1: Republican Party. Uh. He is the conductor on that train. Uh,

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Speaker 1: And anyone that wants to advance, if it's not him,

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Speaker 1: is gonna probably need his blessing to have something other

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Speaker 1: than a rocky ride down those rails. Governor de Santis

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Speaker 1: also in a feud with CBS news reporter from sixty

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Speaker 1: Minutes for h Jennie for a report regarding his handling

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Speaker 1: of the vACC and Asian Uh. You know it's it's

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Speaker 1: fueled renewed chatter that Governor DeSantis might be looking into

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Speaker 1: running for Secretary Pompeo. Former Secretary Pompeo jockeying as well Uh.

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Speaker 1: For Pence, it's fascinating. I was talking with a Penn's

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Speaker 1: ally earlier today. It's fascinating, Genie, because on January five,

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Speaker 1: as a reporter, I would say his biggest liability is

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Speaker 1: that he's too close to Trump in a general election

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Speaker 1: matchup against the Democrats. But then January six happen and

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Speaker 1: now it's like no one knows the status of their relationship. Absolutely,

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Speaker 1: And you know, I just have to take a step

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Speaker 1: back and say, as you mentioned, we are not even

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Speaker 1: a hundred days in and the invisible primary has already begun.

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Speaker 1: You know, if you listen to the Canadians, they're always

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Speaker 1: moaning their elections last a whopping twelve weeks or something,

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Speaker 1: and we are four years. It's absolutely astonishing. But to

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Speaker 1: your point of, you know, it's going to be fascinating

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Speaker 1: to see who you know bubbles up to the top.

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Speaker 1: I do think the Santis is somebody to watch. UM.

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Speaker 1: I think Nicki Haley certainly, there are a lot of

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Speaker 1: people out there. And my view is that you know,

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Speaker 1: Trump is going to be playing kingmaker more than he

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Speaker 1: will play candidate. UM. But I think a lot is

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Speaker 1: going to be determined by who he endorses. In the

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Speaker 1: primaries and the general election for two, that impacts how

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Speaker 1: much power he has in the party. Well, and I

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Speaker 1: saw in the Journal that Steven Miller, remember him, He's

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Speaker 1: launching a some political uh something with voting rights. I

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Speaker 1: can't really keep up with with that crowd. Um, but yeah,

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Speaker 1: they're doing that. I saw that in the Journal, Genie.

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Speaker 1: So he's playing kingmaker on that front. He's playing kingmaker

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Speaker 1: on that And you just reminded me. We heard news

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Speaker 1: in the New York Front that Rudy Giuliani's son maybe

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Speaker 1: maybe putting in a in a run at some point

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Speaker 1: in New York. So we have a lot of fascinating

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Speaker 1: elections to watch out for. Well, the Kardashians are ending

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Speaker 1: but but what but but but but Uh, I'm blanking

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Speaker 1: on the name Caitlyn Jenner might be running for governor.

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Speaker 1: So there you go, Adam, It's it's a pot pourri

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Speaker 1: of personalities. Uh. Look picking up on what Jeanie was

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Speaker 1: talking about. Uh, and with Rhn de Santis actually the

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Speaker 1: governor of Florida. I remember I was on a show. Uh,

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Speaker 1: in the middle of his run for governor. He had

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Speaker 1: already become the nominee the Republican Party. Andrew Gillumba was

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Speaker 1: kind of the talk of the state, and everyone kind

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Speaker 1: of assumed Andrew Gum was gonna win. Um. Actually, I'm sized.

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Speaker 1: Before the primary, and uh, the suggestion was made that

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Speaker 1: Adam Putnam was a very popular Commission of Agriculture kind

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Speaker 1: of had it made. He had the established support, he

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Speaker 1: had all the money, all the corporations behind them, bah

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Speaker 1: bah bah and uh. But three days before that, Donald

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Speaker 1: Trump had endorsed Rhonda Santis. He was down, I think,

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Speaker 1: like points in the polls. And I got on this

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Speaker 1: panel and they said, so, Adam, I guess it's over.

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Speaker 1: I said, yeah, it is. Rhonda Santis will be the nominee.

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Speaker 1: And they all looked at me like I have been drinking,

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Speaker 1: and I said, no, that is the power of the

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Speaker 1: endorsement of Donald Trump. Now, if Donald Trump, with the

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Speaker 1: names that Jeannie was was was throwing out there, and

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Speaker 1: then those were all very good people and all possibilities

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Speaker 1: if he were to rally behind one of them. I

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Speaker 1: agree with her. He's a kingmaker. He is the kingmaker.

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Speaker 1: And I think if he chooses one among the bunch, uh,

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Speaker 1: you know, they can write all the books. They want.

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Speaker 1: They can make do all the national tours they want,

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Speaker 1: They can take on sixty minutes all they want. But

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Speaker 1: if Donald Trump says I like this one, uh, that's

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Speaker 1: the one most likely to emerge. All right. I can

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Speaker 1: hear people driving off the road and saying, why are

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Speaker 1: you talking about? Well, if you want to run a marathon,

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Speaker 1: you've got to start at the starting line. Okay, folks.

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Speaker 1: So I'm doing my due diligence. I'll get back to

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Speaker 1: policy now. Are not a genda living and will Wade

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Speaker 1: report in the Bloomberg Terminal. White House considering nearly doubling

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Speaker 1: Obama's climate pledge. The White House is considering a pledge

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Speaker 1: to cut US eenhals gas emissions by fIF or more

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Speaker 1: by the end of the decade, according to people familiar

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Speaker 1: with the deliberations, a target that would nearly double the

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Speaker 1: country's previous commitment and require genie dramatic changes in the power, transportation,

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Speaker 1: and other sectors. The emissions reduction goal, which is still

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Speaker 1: being developed and subject to change, is part of a

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Speaker 1: White House push to encourage worldwide action to keep average

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Speaker 1: global temperatures from rising more than one and a half

424
00:25:26,480 --> 00:25:32,399
Speaker 1: degrease celsius from pre industrial levels. It's such an important story,

425
00:25:32,520 --> 00:25:35,520
Speaker 1: and we probably will hear what they come out with

426
00:25:35,800 --> 00:25:40,200
Speaker 1: um specifically on the Climate Summit later this month. But

427
00:25:40,640 --> 00:25:43,800
Speaker 1: that is what If they do stick with what this

428
00:25:43,880 --> 00:25:48,040
Speaker 1: is reporting, they may that is quite a move forward,

429
00:25:48,080 --> 00:25:50,399
Speaker 1: a step forward, and there are a lot of people

430
00:25:50,440 --> 00:25:52,320
Speaker 1: in the country and around the world who are going

431
00:25:52,359 --> 00:25:56,640
Speaker 1: to welcome that news. Meanwhile, Treasury Secretary Janet Yellen said

432
00:25:56,640 --> 00:25:59,760
Speaker 1: earlier today that the tax plan that she's pushing for

433
00:26:00,000 --> 00:26:04,160
Speaker 1: reseas is going to recoup two trillion dollars in overseas profits.

434
00:26:04,440 --> 00:26:06,879
Speaker 1: She wants to tax overseas profits, and she says it

435
00:26:06,920 --> 00:26:11,160
Speaker 1: will help pay for infrastructure. Adam Goodman, my friend, you're

436
00:26:11,200 --> 00:26:16,520
Speaker 1: a good man. Good Man. I'm Kevin Surrel. Thanks for

437
00:26:16,560 --> 00:26:31,800
Speaker 1: coming on out of this is Bloomberg. You're listening to

438
00:26:31,920 --> 00:26:37,800
Speaker 1: Bloomberg Sound On with Ken on Bloomberg Radio. My name

439
00:26:38,040 --> 00:26:42,919
Speaker 1: is Kevin Serili on the Chief Washington correspondent for Bloomberg

440
00:26:43,040 --> 00:26:49,359
Speaker 1: Television and Bloomberg Radio, accompanied with Bloomberg Politics contributor Jeanie Shanza.

441
00:26:49,480 --> 00:26:55,160
Speaker 1: Know you know my good friend here, Jen Jacobs. You've

442
00:26:55,160 --> 00:26:56,720
Speaker 1: heard of her, You've heard a report. She had a

443
00:26:56,800 --> 00:27:00,879
Speaker 1: brilliant scoop out on the Bloomberg terminal. Jen's story is

444
00:27:01,160 --> 00:27:03,640
Speaker 1: about Adam Bowler and I was just thinking the other

445
00:27:03,680 --> 00:27:05,800
Speaker 1: day I was talking to my friend Morgan, I said, what,

446
00:27:05,920 --> 00:27:09,800
Speaker 1: what's what's Adam Bowler been up to? And I used

447
00:27:09,840 --> 00:27:12,639
Speaker 1: to interview Adam on Pebble Beach at the White House.

448
00:27:13,320 --> 00:27:16,240
Speaker 1: He of course really was a driving force in the

449
00:27:16,280 --> 00:27:19,280
Speaker 1: in the Middle East peace talks, as well as the

450
00:27:19,359 --> 00:27:23,880
Speaker 1: former CEO of the US International Development Finance Corporation um

451
00:27:24,240 --> 00:27:28,480
Speaker 1: A really a force in the nonpartisan efforts of the

452
00:27:28,560 --> 00:27:33,840
Speaker 1: early days of PPE distribution and the pandemic response, really

453
00:27:34,320 --> 00:27:37,240
Speaker 1: working with the public and private partnerships. Uh, in the

454
00:27:37,320 --> 00:27:41,399
Speaker 1: non political a political types. Uh. And now he's got

455
00:27:41,440 --> 00:27:47,280
Speaker 1: this new healthcare investment firm with two private equity partners.

456
00:27:47,320 --> 00:27:49,520
Speaker 1: It's a Nashville sende See based firm. I am a

457
00:27:49,520 --> 00:27:54,000
Speaker 1: country music fans, as you all know. Maybe Uh, Rubicon Founders,

458
00:27:54,160 --> 00:27:56,560
Speaker 1: it's the name of the of the Nashville based firm,

459
00:27:56,800 --> 00:28:02,199
Speaker 1: Rubicon Founders. Rubicon Founder will create companies and help fund

460
00:28:02,280 --> 00:28:07,560
Speaker 1: purchases of existing firms. Adams hold my colleague Jennifer Jacobs,

461
00:28:07,560 --> 00:28:10,600
Speaker 1: Adam Bowler joined us on the telephone line. Adam explain

462
00:28:10,680 --> 00:28:15,320
Speaker 1: to us what you're up to with Rubicon founders. Thanks

463
00:28:15,359 --> 00:28:17,360
Speaker 1: Kevin for the introduction. And by the way, since your

464
00:28:17,400 --> 00:28:20,080
Speaker 1: country music fan, we moved into Dirk Spentleys. How so

465
00:28:20,160 --> 00:28:23,439
Speaker 1: are you kidding me? So you shouldn't have said that

466
00:28:23,480 --> 00:28:25,840
Speaker 1: out of because now I have eight million questions and

467
00:28:25,920 --> 00:28:28,399
Speaker 1: none of them have to do with Rubicon Founders. So

468
00:28:28,600 --> 00:28:30,639
Speaker 1: so cut me off now, buddy, what are you up to?

469
00:28:31,760 --> 00:28:34,080
Speaker 1: All right, So let's go back to the real issue.

470
00:28:34,080 --> 00:28:37,719
Speaker 1: But Rubicon um. So we founded the firm and the

471
00:28:37,760 --> 00:28:42,320
Speaker 1: goal of the firm is to build transformational healthcare businesses UM.

472
00:28:42,440 --> 00:28:44,520
Speaker 1: And that's kind of what I did before I went

473
00:28:44,560 --> 00:28:47,480
Speaker 1: into government, was really focused. I launched a firm called

474
00:28:47,560 --> 00:28:51,240
Speaker 1: Landmark Health, which is the leading provider of InHome medical

475
00:28:51,240 --> 00:28:54,080
Speaker 1: care in the country. Kind of house calls back to

476
00:28:54,160 --> 00:28:56,880
Speaker 1: the future. Uh. And so that is a business that

477
00:28:57,040 --> 00:28:59,960
Speaker 1: United has been rumored to be purchasing for about three

478
00:29:00,000 --> 00:29:03,280
Speaker 1: a half billion dollars UM. And so my goal here

479
00:29:03,840 --> 00:29:06,600
Speaker 1: is to create businesses from scratch. Usually I do them

480
00:29:06,600 --> 00:29:10,600
Speaker 1: with partners or to purchase large businesses with a focus

481
00:29:10,680 --> 00:29:14,320
Speaker 1: on where can we really transform the industry and make

482
00:29:14,360 --> 00:29:18,440
Speaker 1: a big difference. So where do you find the biggest opportunity,

483
00:29:19,080 --> 00:29:22,520
Speaker 1: UH for to in the marketplace right now to address

484
00:29:22,600 --> 00:29:25,760
Speaker 1: so much of the so many of the issues in healthcare. Well,

485
00:29:26,080 --> 00:29:27,880
Speaker 1: like what you see right now, and the cool thing

486
00:29:27,960 --> 00:29:30,640
Speaker 1: now is all these great innovative companies that are entering

487
00:29:30,680 --> 00:29:34,440
Speaker 1: the public markets, people like Oscar right um you know

488
00:29:34,520 --> 00:29:38,160
Speaker 1: others that are coming into the field, Oak Street Health.

489
00:29:38,320 --> 00:29:42,360
Speaker 1: So there's a huge intersection between insurance companies and providers.

490
00:29:42,400 --> 00:29:44,440
Speaker 1: So you have a lot of physicians that are now

491
00:29:44,520 --> 00:29:46,840
Speaker 1: moving to kind of have insurance arms within their own

492
00:29:46,920 --> 00:29:50,400
Speaker 1: So I think that intersection between payer and provider is

493
00:29:50,400 --> 00:29:53,080
Speaker 1: a lot of times called value based care is really interesting.

494
00:29:53,760 --> 00:29:56,160
Speaker 1: The other thing you see in healthcare that's super exciting

495
00:29:56,400 --> 00:29:58,840
Speaker 1: is kind of the influx of data. So when you

496
00:29:58,840 --> 00:30:02,640
Speaker 1: look at genomea information genome mix is really taking off.

497
00:30:02,680 --> 00:30:06,120
Speaker 1: We worked a lot with Alumina. That's a really interesting space.

498
00:30:06,360 --> 00:30:09,160
Speaker 1: Um And then I'm not only thinking domestically, We're looking

499
00:30:09,160 --> 00:30:13,280
Speaker 1: at things like women's health internationally. So there's generally for me,

500
00:30:13,440 --> 00:30:16,080
Speaker 1: there are two criteria. One and have to be a

501
00:30:16,120 --> 00:30:18,640
Speaker 1: big segment where you can really do something, and to

502
00:30:19,320 --> 00:30:21,600
Speaker 1: it's got to be mission oriented and make health care better.

503
00:30:21,640 --> 00:30:24,760
Speaker 1: There are so many ways to build a great business

504
00:30:24,760 --> 00:30:29,640
Speaker 1: that improve healthcare. It's important to do things that help people. Adam,

505
00:30:29,720 --> 00:30:32,640
Speaker 1: I'm really sorry you told Kevin about the Dirk Spentley

506
00:30:32,640 --> 00:30:34,280
Speaker 1: house because I don't think he's going to get over

507
00:30:34,320 --> 00:30:37,400
Speaker 1: it now. I need to give you a core now,

508
00:30:38,840 --> 00:30:41,760
Speaker 1: you know. I still I always ask Senator Blackburn where

509
00:30:42,400 --> 00:30:45,120
Speaker 1: Keith and Nicole have sushi down in Nashville, because I'm

510
00:30:45,160 --> 00:30:50,280
Speaker 1: a huge Keith urban fan. Go ahead, Nashville is all

511
00:30:50,360 --> 00:30:53,120
Speaker 1: healthcare and country music, so we can find it here.

512
00:30:53,240 --> 00:30:56,280
Speaker 1: So that's why we're doing it. That's amazing. I wanted

513
00:30:56,320 --> 00:30:59,000
Speaker 1: to just ask you how but because you were so active,

514
00:30:59,040 --> 00:31:01,320
Speaker 1: if you could just refle for for a minute on

515
00:31:01,840 --> 00:31:04,520
Speaker 1: the work that you did early in the pandemic and

516
00:31:04,600 --> 00:31:06,880
Speaker 1: what you learned from that and how that applies to

517
00:31:06,960 --> 00:31:10,680
Speaker 1: the work that you're doing now. Yeah, So the real

518
00:31:10,720 --> 00:31:12,880
Speaker 1: if you look at what I focused on in the pandemic,

519
00:31:13,320 --> 00:31:16,480
Speaker 1: it was bridging our shortages so it was supplied. So

520
00:31:16,800 --> 00:31:22,280
Speaker 1: nine mass ventilators are testing, and my main learning there

521
00:31:22,520 --> 00:31:27,800
Speaker 1: is the federal government when partnered with private market, does phenomenally.

522
00:31:27,840 --> 00:31:30,120
Speaker 1: So when you look at when we launched testing, we

523
00:31:30,240 --> 00:31:33,000
Speaker 1: launched it with CVS, we launched it with Walmart. We

524
00:31:33,080 --> 00:31:35,480
Speaker 1: launched it with Walgreens. And so what we did is

525
00:31:35,520 --> 00:31:38,960
Speaker 1: we provided the platform. And now if you look at

526
00:31:39,440 --> 00:31:42,920
Speaker 1: testing in the United States is done in pharmacies because

527
00:31:42,960 --> 00:31:45,920
Speaker 1: they kind of leveraged our purchasing power. Same thing you

528
00:31:45,960 --> 00:31:48,480
Speaker 1: see with Operation Warp Speed. Right. What we did is

529
00:31:48,520 --> 00:31:52,200
Speaker 1: we took the government strength UM and our ability to

530
00:31:52,360 --> 00:31:55,920
Speaker 1: source um and we pushed go. But we partnered with

531
00:31:56,000 --> 00:31:58,520
Speaker 1: private companies to make that happen. And now you see

532
00:31:58,520 --> 00:32:01,520
Speaker 1: the vaccines coming out, and you see they're being distributed

533
00:32:01,560 --> 00:32:04,400
Speaker 1: where they being distributed through our private markets. So the

534
00:32:04,480 --> 00:32:07,040
Speaker 1: United States, like, the thing that makes us the best

535
00:32:07,080 --> 00:32:09,840
Speaker 1: country in the world is our private market. And when

536
00:32:09,880 --> 00:32:12,080
Speaker 1: we partner well with private market, that's where you get

537
00:32:12,160 --> 00:32:15,320
Speaker 1: unbelievable outcomes. You know, we were talking about this yesterday.

538
00:32:15,360 --> 00:32:19,920
Speaker 1: Just to provide a historical perspective, UH. This month is

539
00:32:19,920 --> 00:32:22,760
Speaker 1: the anniversary of the start of World War One, which

540
00:32:22,800 --> 00:32:25,720
Speaker 1: the US was involved with for just more than over

541
00:32:26,040 --> 00:32:29,880
Speaker 1: a year eighteen months, I believe, UM a hundred and

542
00:32:29,880 --> 00:32:33,520
Speaker 1: seven years ago. Obviously, the start of World War One

543
00:32:33,520 --> 00:32:36,920
Speaker 1: and the US involvement UH in it lasting just more

544
00:32:36,960 --> 00:32:40,680
Speaker 1: than a year eighteen months. Here we are when you

545
00:32:40,840 --> 00:32:44,760
Speaker 1: look at it historically that launched so many technological advantage

546
00:32:44,800 --> 00:32:47,920
Speaker 1: that reshaped society around the world. What we're going through now,

547
00:32:47,960 --> 00:32:50,360
Speaker 1: I think everyone would would argue in the pandemic has

548
00:32:50,440 --> 00:32:56,000
Speaker 1: reshaped markets, it's reshaped industries. And you obviously from the

549
00:32:56,000 --> 00:32:59,680
Speaker 1: experience of being there at ground zero from the from

550
00:32:59,760 --> 00:33:03,480
Speaker 1: when this pandemic whacked the world, how do you see

551
00:33:03,520 --> 00:33:08,560
Speaker 1: the healthcare industry being rebuilt, being reshaped in a post pandemic,

552
00:33:08,680 --> 00:33:12,600
Speaker 1: not only market, but just for the average consumer. I

553
00:33:12,640 --> 00:33:15,280
Speaker 1: think what's happened in the pandemic is we waived a

554
00:33:15,280 --> 00:33:19,960
Speaker 1: lot of regulation that now looking back in retrospect, halted innovation.

555
00:33:20,120 --> 00:33:24,080
Speaker 1: So perfect examples they're telemedicine. I mean, look at companies

556
00:33:24,120 --> 00:33:26,720
Speaker 1: like tele doc and look at why should we not

557
00:33:26,840 --> 00:33:31,320
Speaker 1: pay the same for visiting video over in person? Right?

558
00:33:31,400 --> 00:33:34,959
Speaker 1: Why why are those restrictions as CMS allowed hospital at

559
00:33:35,000 --> 00:33:39,000
Speaker 1: home and past regulation right before the Trump administration ended.

560
00:33:39,240 --> 00:33:42,960
Speaker 1: Why is a hospital defined by its walls? Why can't

561
00:33:42,960 --> 00:33:46,240
Speaker 1: a hospital provide acute services wherever it is, even if

562
00:33:46,240 --> 00:33:49,160
Speaker 1: it's in somebody's home. Um, and so I think some

563
00:33:49,240 --> 00:33:52,560
Speaker 1: of the practicing across state lines. Why do we need

564
00:33:52,680 --> 00:33:56,320
Speaker 1: different regulations to stop the practice of medicine we you know,

565
00:33:56,440 --> 00:33:59,560
Speaker 1: across state lines. So those things that have been bypassed

566
00:33:59,560 --> 00:34:01,560
Speaker 1: because they needed to be in the pandemic, I think

567
00:34:01,560 --> 00:34:03,960
Speaker 1: now we have the realization on some of them that

568
00:34:04,120 --> 00:34:07,040
Speaker 1: they were holding up innovation and these are probably things

569
00:34:07,040 --> 00:34:10,080
Speaker 1: that should stick. So to follow up on that just

570
00:34:10,120 --> 00:34:16,040
Speaker 1: in terms of, uh, protecting the information and the data

571
00:34:16,400 --> 00:34:20,080
Speaker 1: of of of healthcare, uh, not just workers but just

572
00:34:20,440 --> 00:34:23,719
Speaker 1: Americans who are going and processing through all the digital

573
00:34:23,760 --> 00:34:27,719
Speaker 1: digitalization of these issues. I mean, how important is that

574
00:34:27,760 --> 00:34:30,080
Speaker 1: going to be to to be to make sure that

575
00:34:30,080 --> 00:34:33,520
Speaker 1: that these systems aren't vulnerable from aligned actors. I mean,

576
00:34:33,520 --> 00:34:35,479
Speaker 1: I think it's super important. I Mean the key here,

577
00:34:35,600 --> 00:34:38,440
Speaker 1: right is you can't let that stop innovations. I mean,

578
00:34:38,440 --> 00:34:41,360
Speaker 1: think about what we do right now, when we bank online,

579
00:34:41,400 --> 00:34:44,160
Speaker 1: when we do all of our financial transactions online. Right,

580
00:34:44,360 --> 00:34:47,240
Speaker 1: you're not going to stop the kind of the engine

581
00:34:47,239 --> 00:34:49,839
Speaker 1: of innovation. But if you're going to do telemedicine, if

582
00:34:49,840 --> 00:34:52,040
Speaker 1: you're going to have it. We already have electronic patient

583
00:34:52,320 --> 00:34:55,440
Speaker 1: medical records. We've got to make sure they're secure, but

584
00:34:55,600 --> 00:34:57,680
Speaker 1: people have to have access to them. So one of

585
00:34:57,719 --> 00:35:00,080
Speaker 1: the initiatives I worked on quite a bit when I

586
00:35:00,160 --> 00:35:03,920
Speaker 1: was at CMF IS making sure that individuals get access

587
00:35:03,960 --> 00:35:07,360
Speaker 1: to their own electronic medical records. And it's not you know,

588
00:35:07,480 --> 00:35:09,080
Speaker 1: somebody would hand me a c D I don't have

589
00:35:09,120 --> 00:35:11,000
Speaker 1: a CD player. What is it ten years? So I

590
00:35:11,040 --> 00:35:14,279
Speaker 1: want to hand me an AH trap. You know, you

591
00:35:14,320 --> 00:35:17,200
Speaker 1: know this is data that this is your data, right,

592
00:35:17,400 --> 00:35:20,279
Speaker 1: um uh. And so that's been very important, by the way,

593
00:35:20,320 --> 00:35:22,640
Speaker 1: that all of this work, all the stuff we're talking

594
00:35:22,640 --> 00:35:26,080
Speaker 1: about is totally bipartisan work. This isn't you know, people

595
00:35:26,120 --> 00:35:30,239
Speaker 1: don't think this because they're Republican or democraphy because they're Americans. Well,

596
00:35:30,280 --> 00:35:33,960
Speaker 1: at least they didn't hand your floppy disk. Listen, we're

597
00:35:34,040 --> 00:35:37,280
Speaker 1: at the former CEO of the US International Development Finance

598
00:35:37,320 --> 00:35:42,719
Speaker 1: Corporation speaking of a political, non political, nonpartisan types of institutions.

599
00:35:42,760 --> 00:35:47,080
Speaker 1: Just from your vantage point, talk to us about the

600
00:35:47,200 --> 00:35:49,640
Speaker 1: U s I, d f C, d f C as

601
00:35:49,680 --> 00:35:52,800
Speaker 1: it's commonly referred to, in terms of just the leverage

602
00:35:52,800 --> 00:35:56,000
Speaker 1: that that provides for the United States around the world

603
00:35:56,040 --> 00:36:00,239
Speaker 1: with our allies and to counter UH countries like China.

604
00:36:01,200 --> 00:36:04,280
Speaker 1: I think it's massively important. So China has an initiative

605
00:36:04,320 --> 00:36:07,200
Speaker 1: called the Belt and Road Initiative where they have over

606
00:36:07,280 --> 00:36:10,920
Speaker 1: a trillion dollars that they're investing in countries, and that

607
00:36:11,000 --> 00:36:14,239
Speaker 1: makes a huge difference in how countries act. And we

608
00:36:14,280 --> 00:36:16,799
Speaker 1: would speak to countries that would say listen on an

609
00:36:16,800 --> 00:36:20,320
Speaker 1: issue like five g UH where we are worried about

610
00:36:20,440 --> 00:36:24,080
Speaker 1: Chinese penetration into our internal networks. We can't back away.

611
00:36:24,280 --> 00:36:26,759
Speaker 1: We can't align with the United States because we owe

612
00:36:26,840 --> 00:36:29,200
Speaker 1: China too much money. And so the goal of the

613
00:36:29,280 --> 00:36:32,920
Speaker 1: dfc UH and again, as you mentioned, bipartisan legislation I

614
00:36:32,960 --> 00:36:37,040
Speaker 1: was confirmed hundreds of zero um. Our goal was threefold.

615
00:36:37,160 --> 00:36:40,520
Speaker 1: Number one to advanced development in emerging countries too, to

616
00:36:40,600 --> 00:36:44,080
Speaker 1: advance US foreign policy. And three we are one of

617
00:36:44,080 --> 00:36:47,600
Speaker 1: the only agencies in government that reduces the deficit. We

618
00:36:47,640 --> 00:36:50,719
Speaker 1: return money to taxpayer, American taxpayers. So in every deal

619
00:36:50,760 --> 00:36:52,120
Speaker 1: we look, we look at that. And I will tell

620
00:36:52,160 --> 00:36:54,680
Speaker 1: you on the front lines of some of these things. Uh,

621
00:36:55,000 --> 00:36:57,000
Speaker 1: the way I thought about it is we are the

622
00:36:57,040 --> 00:37:00,040
Speaker 1: money of the US government, where the investment army the

623
00:37:00,120 --> 00:37:03,799
Speaker 1: US government, and that matters massively. Adam Bowler, thanks so

624
00:37:03,880 --> 00:37:06,240
Speaker 1: much for catching off with us. One of those non political,

625
00:37:06,280 --> 00:37:08,880
Speaker 1: a political type voices confirmed a hundred of zero by

626
00:37:08,920 --> 00:37:12,520
Speaker 1: the Senate for his post Uh, and it's fascinating. Uh.

627
00:37:12,800 --> 00:37:16,040
Speaker 1: He's got this new venture Rubicon Founders based in Nashville. Adam,

628
00:37:16,080 --> 00:37:19,040
Speaker 1: thanks for catching up with us. Appreciate that, and we

629
00:37:19,080 --> 00:37:22,720
Speaker 1: are going to be carefully following, uh the infrastructure debate

630
00:37:22,800 --> 00:37:26,360
Speaker 1: tomorrow as well as on Friday. Genie Sean Zeno, thanks

631
00:37:26,400 --> 00:37:29,080
Speaker 1: for sticking around with me. Bloomberg Politics contributor. Thanks to

632
00:37:29,120 --> 00:37:32,480
Speaker 1: the whole team, our producer Matt Shirley as well as

633
00:37:32,520 --> 00:37:36,360
Speaker 1: the executive producer Christine Barrato. My name is Kevin Trilei.

634
00:37:36,360 --> 00:37:38,479
Speaker 1: I'm the chief Washington correspondent for Member TV and radio.

635
00:37:38,640 --> 00:37:39,880
Speaker 1: This is Bloomberg