1 00:00:00,880 --> 00:00:05,000 Speaker 1: Live from our nation's President Joe Biden's one point nine 2 00:00:05,080 --> 00:00:08,360 Speaker 1: trillion dollar pandemic relief package. We're not going to hear 3 00:00:08,400 --> 00:00:10,879 Speaker 1: anymore about Operation Warp Speed. They're gonna be calling it 4 00:00:11,000 --> 00:00:15,720 Speaker 1: the COVID response. We're talking right now about jockeying amongst Republicans. 5 00:00:15,720 --> 00:00:20,640 Speaker 1: Bloomberg Sound On, the insiders, the influencers, the inside. Biding 6 00:00:20,680 --> 00:00:24,040 Speaker 1: has promised again and again it able to unite the country. 7 00:00:24,120 --> 00:00:27,160 Speaker 1: Who do you think Biden has to watch in terms 8 00:00:27,240 --> 00:00:29,960 Speaker 1: of moderate defectors. The House has been voting for this 9 00:00:30,080 --> 00:00:34,519 Speaker 1: stimulus package basically for months. This is Bloomberg Sound On 10 00:00:34,920 --> 00:00:39,880 Speaker 1: with Kevin Shirley on Bloomberg Radio. President Biden gets ready 11 00:00:39,960 --> 00:00:42,080 Speaker 1: to try to hit Capitol Hill to get that one 12 00:00:42,080 --> 00:00:47,680 Speaker 1: point i trillion dollars simulus. This on Impeachment Trial Eve. 13 00:00:47,960 --> 00:00:50,639 Speaker 1: We check in with with a congresswoman from Florida who 14 00:00:50,640 --> 00:00:53,720 Speaker 1: finds herself now in right smack in the middle of 15 00:00:53,760 --> 00:00:57,560 Speaker 1: all of these congressional debates. Plus Rick Davis that joins 16 00:00:57,600 --> 00:01:00,520 Speaker 1: me and Emily touch Sussman a lot to get happy 17 00:01:00,520 --> 00:01:03,560 Speaker 1: Super Bowl Monday. Congratulations to Tom Brady of the New England. Oh, 18 00:01:03,680 --> 00:01:07,160 Speaker 1: I'm sorry of the Tampa Bay buccaneers. Well, he's the 19 00:01:07,160 --> 00:01:09,360 Speaker 1: greatest of all time. There's really no debating it now. 20 00:01:09,920 --> 00:01:13,200 Speaker 1: Um Joining me for the panel, Rick Davis Bloomberg, contributor 21 00:01:13,280 --> 00:01:16,120 Speaker 1: partner at Stone Court Capital, former campaign manager for John 22 00:01:16,200 --> 00:01:20,160 Speaker 1: mccains two thousand and eight presidential campaign. And Emily Tish Sussman, 23 00:01:20,200 --> 00:01:24,000 Speaker 1: a Democratic strategist, the former vice president of campaigns for 24 00:01:24,040 --> 00:01:27,240 Speaker 1: the Center for American Progress, and the host of Your 25 00:01:27,280 --> 00:01:31,839 Speaker 1: Political Playlist podcast. We begin tonight with the big story, 26 00:01:31,959 --> 00:01:35,520 Speaker 1: which is President Joe Biden saying that it is unlikely 27 00:01:35,959 --> 00:01:39,479 Speaker 1: that the US will reach herd immunity before the end 28 00:01:39,520 --> 00:01:43,640 Speaker 1: of the summer due to a shortfall and vaccine availability. 29 00:01:43,720 --> 00:01:46,039 Speaker 1: He spoke in an interview with CBS News that aired 30 00:01:46,040 --> 00:01:48,680 Speaker 1: on Sunday during the Super Bowl pregame coverage. Here is 31 00:01:49,600 --> 00:01:53,240 Speaker 1: the idea that this can be done and we can 32 00:01:53,280 --> 00:01:57,440 Speaker 1: get to herd immunity much before the end of next 33 00:01:57,520 --> 00:02:02,000 Speaker 1: This summer is very difficult. Meanwhile, we've also got sounds 34 00:02:02,040 --> 00:02:06,600 Speaker 1: on how President Biden feels the vaccination effort is going 35 00:02:07,400 --> 00:02:09,919 Speaker 1: right now uh And in fact, he said that he 36 00:02:10,040 --> 00:02:12,400 Speaker 1: as well as Vice President Kamala Harris, took a virtual 37 00:02:12,520 --> 00:02:15,360 Speaker 1: tour of the mass vaccination site in the State Farm 38 00:02:15,400 --> 00:02:19,640 Speaker 1: Stadium in Glendale, Arizona, home to the Arizona Cardinals, in 39 00:02:19,680 --> 00:02:23,480 Speaker 1: which he thanked volunteers working at the stadium and said 40 00:02:23,960 --> 00:02:27,200 Speaker 1: that they could be the site of a mass vaccination effort. 41 00:02:27,200 --> 00:02:29,600 Speaker 1: We've got sound on that. Let's listen. You got a 42 00:02:29,639 --> 00:02:34,400 Speaker 1: call during the Super Bowl from the Commissioner of Football 43 00:02:34,680 --> 00:02:39,560 Speaker 1: and offering us the federal government the thirty major stadiums. 44 00:02:40,080 --> 00:02:41,640 Speaker 1: So I think they're going to be coming to you 45 00:02:41,720 --> 00:02:44,280 Speaker 1: to look and how you did it, because you're doing 46 00:02:44,360 --> 00:02:48,280 Speaker 1: such a great job. So let's bring in Emily and Rick. Now, Emily, 47 00:02:48,320 --> 00:02:51,160 Speaker 1: I mean you hear that from President Biden. Democrats are 48 00:02:51,240 --> 00:02:55,080 Speaker 1: are in many ways lowering the expectations to some extent 49 00:02:55,160 --> 00:02:57,840 Speaker 1: of the mass vaccination rollout. But you know, and in 50 00:02:57,919 --> 00:03:01,280 Speaker 1: my show prep before coming on, are the US is 51 00:03:01,320 --> 00:03:05,320 Speaker 1: actually trailing only behind the UK in terms of Western 52 00:03:05,320 --> 00:03:09,560 Speaker 1: Hemisphere countries in terms of the percentage of citizens who 53 00:03:09,600 --> 00:03:13,600 Speaker 1: have been vaccinated. So so far, so good. Well, Kevin, 54 00:03:13,639 --> 00:03:15,519 Speaker 1: I hope you saw in your show prep that the 55 00:03:16,360 --> 00:03:19,480 Speaker 1: team that beat the Patriots in the Super Bowl where 56 00:03:19,480 --> 00:03:23,000 Speaker 1: the Giants twice, oh gosh, that was in here we 57 00:03:23,080 --> 00:03:26,520 Speaker 1: go falling all over him. I know and you know, 58 00:03:26,560 --> 00:03:28,280 Speaker 1: and I know I'm gonna get in trouble for leading 59 00:03:28,280 --> 00:03:30,320 Speaker 1: with the with the game yesterday, but I was up 60 00:03:30,360 --> 00:03:33,680 Speaker 1: way too late watching it go ahead. Emily. Well, from 61 00:03:33,720 --> 00:03:37,080 Speaker 1: my understanding with with the folks in the Biden administration 62 00:03:37,240 --> 00:03:39,520 Speaker 1: is that there's two things that he's trying to do. 63 00:03:39,680 --> 00:03:42,200 Speaker 1: One is to set an end goal so that there 64 00:03:42,440 --> 00:03:45,040 Speaker 1: is an end in sight that you know, all of 65 00:03:45,080 --> 00:03:49,160 Speaker 1: the pandemic fatigue that we're feeling of trying to you know, 66 00:03:49,280 --> 00:03:52,120 Speaker 1: do our best and say home, um that people stick 67 00:03:52,160 --> 00:03:54,080 Speaker 1: with it. If they feel like there's an end in sight, 68 00:03:54,240 --> 00:03:55,920 Speaker 1: then maybe they can stick with it and not just 69 00:03:55,920 --> 00:03:58,360 Speaker 1: feel like total fatigues and toss it all out. I 70 00:03:58,360 --> 00:04:00,320 Speaker 1: think it's also called going up floor it. I think 71 00:04:00,360 --> 00:04:03,120 Speaker 1: some us called it not that more me. But the 72 00:04:03,200 --> 00:04:05,400 Speaker 1: other thing that Biden isn't going to do is exactly 73 00:04:05,440 --> 00:04:08,720 Speaker 1: to your point, lowering the lowering the standards so that 74 00:04:08,760 --> 00:04:12,160 Speaker 1: they can under promise and over deliver. The last thing 75 00:04:12,200 --> 00:04:14,040 Speaker 1: they want to be doing is setting a goal they 76 00:04:14,080 --> 00:04:16,919 Speaker 1: think they can't hit and then having all of the 77 00:04:16,960 --> 00:04:19,480 Speaker 1: conversation be even though they've gotten to a good place, 78 00:04:19,520 --> 00:04:21,360 Speaker 1: but today, but to the day that they didn't hit 79 00:04:21,360 --> 00:04:24,280 Speaker 1: the Golden set. So see, this is why this is 80 00:04:24,360 --> 00:04:26,599 Speaker 1: literally why I'm so glad you're on the show today 81 00:04:26,600 --> 00:04:27,920 Speaker 1: because I didn't know if you were going to go there, 82 00:04:27,960 --> 00:04:29,440 Speaker 1: and you went there in the first block. And Rick, 83 00:04:29,640 --> 00:04:31,279 Speaker 1: I mean, you know this as a as a chief 84 00:04:31,279 --> 00:04:34,520 Speaker 1: political strategist and someone who really knows about the behind 85 00:04:34,600 --> 00:04:39,160 Speaker 1: the scenes of messaging. That interview yesterday that President Biden 86 00:04:39,200 --> 00:04:42,760 Speaker 1: gave it was exactly what Emily said. It was let's lower, 87 00:04:43,200 --> 00:04:46,160 Speaker 1: let's lower the expectations and then we can come into Superman. 88 00:04:46,360 --> 00:04:48,479 Speaker 1: Was it not. Yeah, for sure. And this is an 89 00:04:48,520 --> 00:04:51,520 Speaker 1: administration that has been making a big point of watch 90 00:04:51,560 --> 00:04:53,839 Speaker 1: all these great things I can do in the first 91 00:04:53,920 --> 00:04:55,880 Speaker 1: hundred days, except one of them that they want to 92 00:04:55,880 --> 00:04:59,760 Speaker 1: manage expectations down on is the most important single issue 93 00:04:59,760 --> 00:05:04,360 Speaker 1: and presidency is COVID. So I I agree with Emily that, Um, 94 00:05:04,400 --> 00:05:08,200 Speaker 1: it's obviously a concerted effort by this administration to try 95 00:05:08,279 --> 00:05:12,679 Speaker 1: to ratchet expectations down. The problem is that the news 96 00:05:12,680 --> 00:05:15,320 Speaker 1: cycle isn't helping them much. Right, You've got you know, 97 00:05:15,440 --> 00:05:18,840 Speaker 1: reporting out there that the the COVID is going to 98 00:05:18,920 --> 00:05:22,840 Speaker 1: be with us, you know, maybe ad infinitum right forever. Um. Uh, 99 00:05:23,040 --> 00:05:25,280 Speaker 1: it's still bad politics and start calling all of us 100 00:05:25,440 --> 00:05:27,359 Speaker 1: part of the herd. Right, they got to come up 101 00:05:27,360 --> 00:05:30,440 Speaker 1: with a better term than talking about herd immunity. Um 102 00:05:30,680 --> 00:05:33,560 Speaker 1: and uh and and so I think all these things. 103 00:05:33,600 --> 00:05:36,280 Speaker 1: I mean, it's it's starting out a bad week on 104 00:05:36,360 --> 00:05:39,920 Speaker 1: the COVID scene. Uh. They didn't change the Trump administration's 105 00:05:39,960 --> 00:05:44,880 Speaker 1: plan on on on vaccine distribution for basically everybody over 106 00:05:44,920 --> 00:05:48,360 Speaker 1: sixty five and in high risk populations. And and so 107 00:05:48,400 --> 00:05:51,200 Speaker 1: now they're living with those consequences where they've run out 108 00:05:51,200 --> 00:05:55,640 Speaker 1: of vaccine and they can't restore, uh, working on on 109 00:05:55,839 --> 00:05:59,000 Speaker 1: the vaccine proprocess until they actually get more vials into 110 00:05:59,040 --> 00:06:02,200 Speaker 1: these places. So no matter how many Super Bowl are 111 00:06:02,200 --> 00:06:05,440 Speaker 1: football stadiums, roder Gannell sets up as vaccine sites. They 112 00:06:05,480 --> 00:06:08,200 Speaker 1: need the vaccine. And that is one of the problems. 113 00:06:08,360 --> 00:06:11,880 Speaker 1: And and and beyond that, I mean the COVID strain. 114 00:06:11,920 --> 00:06:14,360 Speaker 1: I'm I'm on the Bloomberg terminal right now, and they 115 00:06:14,360 --> 00:06:17,520 Speaker 1: have this great tracking data that you can access that 116 00:06:17,640 --> 00:06:20,120 Speaker 1: where they compile it virtually around the clock. And Jonathan 117 00:06:20,160 --> 00:06:23,039 Speaker 1: Levin reports on the Bloomberg Terminal that the COVID strain 118 00:06:23,080 --> 00:06:26,760 Speaker 1: that swept the UK is circulating the most in Florida, 119 00:06:26,880 --> 00:06:29,760 Speaker 1: and Emily just alluded to that rick, But to your point, precisely, 120 00:06:29,800 --> 00:06:33,039 Speaker 1: the fast spreading COVID nineteen vary and first found in 121 00:06:33,040 --> 00:06:36,760 Speaker 1: the UK, is gaining a Florida foothold, and that's prompting 122 00:06:36,800 --> 00:06:39,280 Speaker 1: concerns about fans who flooded the streets of Tampa on 123 00:06:39,320 --> 00:06:43,400 Speaker 1: Sunday after, of course, the Bucks Buccaneers beat the Chiefs 124 00:06:43,560 --> 00:06:46,880 Speaker 1: um To to win the game. But you know, it's 125 00:06:46,920 --> 00:06:49,240 Speaker 1: it's fascinating because I was reading in the Wall Street 126 00:06:49,320 --> 00:06:53,880 Speaker 1: Journal earlier today, Emily, that in terms of where the 127 00:06:54,000 --> 00:06:59,159 Speaker 1: United States ranks again compared to other European countries like Spain, 128 00:06:59,279 --> 00:07:04,080 Speaker 1: for example, the US is actually coming uh doing better 129 00:07:04,640 --> 00:07:08,479 Speaker 1: than than many European countries like Spain, Um and Portugal, 130 00:07:09,040 --> 00:07:12,400 Speaker 1: which didn't have the lockdowns that that the United States 131 00:07:12,440 --> 00:07:15,280 Speaker 1: had during the holidays and over the new year. And 132 00:07:15,320 --> 00:07:18,480 Speaker 1: there's been debate and the mainstream press about whether states 133 00:07:18,520 --> 00:07:21,920 Speaker 1: were following them and whatnot. But it the United States 134 00:07:21,960 --> 00:07:26,000 Speaker 1: is not lagging behind other other countries, Emily, and that's 135 00:07:26,000 --> 00:07:30,600 Speaker 1: got to be a significant win for America. Well, I 136 00:07:30,600 --> 00:07:33,400 Speaker 1: think it's a significant win for everyone who doesn't end 137 00:07:33,480 --> 00:07:35,200 Speaker 1: up with a relative in the hospital you know, it 138 00:07:35,280 --> 00:07:38,360 Speaker 1: doesn't end up with their family of course, that it's 139 00:07:38,400 --> 00:07:41,880 Speaker 1: hard to measure, but I mean talk about low bars, 140 00:07:41,960 --> 00:07:45,120 Speaker 1: like what an unbelievably low bar that we're not the 141 00:07:45,160 --> 00:07:47,160 Speaker 1: worst in the relief. I think that part of what 142 00:07:47,800 --> 00:07:50,440 Speaker 1: was hitting so many Americans so early on in the 143 00:07:50,480 --> 00:07:54,000 Speaker 1: pandemic was how we really thought that the country was 144 00:07:54,040 --> 00:07:55,960 Speaker 1: better set up for something like this. And in fact, 145 00:07:56,000 --> 00:07:58,720 Speaker 1: I believe that we had been like ranked country wide, 146 00:07:58,960 --> 00:08:02,120 Speaker 1: you know nationwide, sorry, worldwide, rather as like better set 147 00:08:02,200 --> 00:08:04,880 Speaker 1: up for a pandemic. And now I think our expectations 148 00:08:04,880 --> 00:08:07,600 Speaker 1: have become unbelievably low as to how we are faring. 149 00:08:07,680 --> 00:08:10,520 Speaker 1: So not the worst. Yeah, that's a pretty good that's 150 00:08:10,560 --> 00:08:13,560 Speaker 1: a funny good answer, But you know, it really does 151 00:08:13,640 --> 00:08:16,960 Speaker 1: feel like it's the the patchwork of different rules and 152 00:08:16,960 --> 00:08:20,400 Speaker 1: different regulations by state and often by county that has 153 00:08:20,440 --> 00:08:23,720 Speaker 1: made it really hard to assess exactly where the country 154 00:08:24,040 --> 00:08:28,400 Speaker 1: is um in terms of responding to the pandemic um 155 00:08:28,440 --> 00:08:30,040 Speaker 1: And so I think for that reason, like, yes, we 156 00:08:30,040 --> 00:08:32,520 Speaker 1: can see overall what our numbers are, but it's hard 157 00:08:32,559 --> 00:08:34,880 Speaker 1: to say like if we're making progress or not. I 158 00:08:34,920 --> 00:08:38,240 Speaker 1: think because the standards in every state are so different 159 00:08:38,240 --> 00:08:41,080 Speaker 1: forgetting a vaccine. I mean, you know, I have friends 160 00:08:41,080 --> 00:08:43,960 Speaker 1: who just walked in and got one again in Florida, 161 00:08:44,320 --> 00:08:46,880 Speaker 1: but in New Jersey, like my seventy year old mother 162 00:08:46,920 --> 00:08:49,320 Speaker 1: in law can't get one. So you know, it is 163 00:08:49,360 --> 00:08:51,760 Speaker 1: making it very hard also to see how we're making 164 00:08:52,160 --> 00:08:55,200 Speaker 1: countrywide progress. You know, let's go by the numbers. The 165 00:08:55,240 --> 00:08:59,320 Speaker 1: cases have exceeded a hundred and six million, worldwide deaths 166 00:08:59,320 --> 00:09:03,800 Speaker 1: have surpassed two point three million. China has pushed back 167 00:09:04,240 --> 00:09:08,120 Speaker 1: a target get this to inoculate fifty million people by 168 00:09:08,160 --> 00:09:11,040 Speaker 1: almost two months. So even China is pushing it back 169 00:09:11,280 --> 00:09:16,120 Speaker 1: amidst concerns over supply and hesitancy among the population around 170 00:09:16,120 --> 00:09:20,920 Speaker 1: the vaccines. Germany is likely to lengthen its lockdowns by 171 00:09:20,960 --> 00:09:25,400 Speaker 1: two weeks even as cases slow, while Indonesia is extending 172 00:09:25,480 --> 00:09:29,319 Speaker 1: restrictions to focus on specific regions as it continues to 173 00:09:29,360 --> 00:09:32,600 Speaker 1: battle the worst outbreak in Southeast Asia. But get this, 174 00:09:32,679 --> 00:09:36,240 Speaker 1: in New York City, Rick Davis in New York City, Uh, 175 00:09:36,240 --> 00:09:41,079 Speaker 1: they have resumed indoor dining. Um they did? They They 176 00:09:41,120 --> 00:09:45,040 Speaker 1: will resume New York City indoor dining will resume Friday, 177 00:09:45,280 --> 00:09:48,280 Speaker 1: two days earlier than plants. So some developments on the 178 00:09:48,280 --> 00:09:50,000 Speaker 1: New York City Front coming up, We're gonna get head 179 00:09:50,000 --> 00:09:52,280 Speaker 1: to Capitol Hill and and we're gonna talk about the 180 00:09:52,280 --> 00:09:55,160 Speaker 1: fiscal stimulus negotiations. And of course at trial. Oh yeah, 181 00:09:55,160 --> 00:09:57,599 Speaker 1: remember that the impeachment trial. Uh, that will begin in 182 00:09:57,640 --> 00:10:00,679 Speaker 1: earths tomorrow. But just uh, you know, some final thoughts 183 00:10:00,720 --> 00:10:03,440 Speaker 1: here from you, Rick Davis in terms of where the 184 00:10:03,520 --> 00:10:10,439 Speaker 1: administration goes and did they successfully lower the bar of 185 00:10:10,440 --> 00:10:13,720 Speaker 1: of where and set expectations for what they have to do? 186 00:10:14,520 --> 00:10:18,480 Speaker 1: Uh for the vaccination front and not CBS interview yesterday. Yeah, look, 187 00:10:18,520 --> 00:10:20,679 Speaker 1: I think it was a first effort toward it. Um. 188 00:10:20,800 --> 00:10:23,679 Speaker 1: But look, I mean Donald Trump tried to set expectations 189 00:10:23,679 --> 00:10:25,760 Speaker 1: on COVID. Oh, this stuff will go away in the summertime. 190 00:10:25,800 --> 00:10:29,079 Speaker 1: That was a year ago. Uh. It doesn't work as 191 00:10:29,120 --> 00:10:31,640 Speaker 1: long as you have large communities, and there are large 192 00:10:31,679 --> 00:10:36,120 Speaker 1: communities at risk, people dying because of COVID. We had 193 00:10:36,120 --> 00:10:39,600 Speaker 1: another congressman pass away today because of COVID. And and 194 00:10:39,720 --> 00:10:44,040 Speaker 1: until you get your hands on people passing away and 195 00:10:44,200 --> 00:10:47,000 Speaker 1: families being offset by job loss, I mean, these things 196 00:10:47,040 --> 00:10:50,280 Speaker 1: aren't going away easily. And so we all said during 197 00:10:50,320 --> 00:10:53,160 Speaker 1: the campaign that this was going to be about whether 198 00:10:53,200 --> 00:10:56,079 Speaker 1: you cared about tackling COVID in earnest or whether you 199 00:10:56,120 --> 00:10:58,840 Speaker 1: wanted to blow it off and focus only on economic 200 00:10:59,200 --> 00:11:04,160 Speaker 1: results and the country picked tackle COVID. I do think, 201 00:11:04,720 --> 00:11:07,320 Speaker 1: um uh, we need some truthtelling how the White House, right, 202 00:11:07,320 --> 00:11:09,680 Speaker 1: I mean they want to show, you know, some kind 203 00:11:09,720 --> 00:11:12,520 Speaker 1: of point in the future where we'll have the same 204 00:11:12,559 --> 00:11:14,600 Speaker 1: tackle right now. I think they have to have everybody 205 00:11:14,640 --> 00:11:17,000 Speaker 1: convinced that they have to do their part, you know. 206 00:11:17,040 --> 00:11:19,880 Speaker 1: And maybe you don't go to dinner on Valentine's Day 207 00:11:19,880 --> 00:11:21,640 Speaker 1: in New York because you want to do your part, 208 00:11:21,720 --> 00:11:23,600 Speaker 1: not because the city said it was okay to do it. 209 00:11:23,880 --> 00:11:25,920 Speaker 1: Maybe you don't go to a super Bowl party in 210 00:11:26,000 --> 00:11:29,960 Speaker 1: Miami just because you know, I'm gonna save everybody the grief, 211 00:11:30,080 --> 00:11:32,880 Speaker 1: Rick Davis, If you're not going to dinner on Valentine's Day, 212 00:11:32,880 --> 00:11:34,920 Speaker 1: it doesn't mean you don't have to get a Valentine's 213 00:11:34,960 --> 00:11:37,960 Speaker 1: Day gift, Okay, So you have to you have to 214 00:11:38,000 --> 00:11:41,720 Speaker 1: weigh your options, these socially distant options. I don't want, Rick, 215 00:11:41,760 --> 00:11:43,640 Speaker 1: I don't want you to be given bad advice out there. 216 00:11:43,800 --> 00:11:45,880 Speaker 1: You know what I'm saying. I I'm looking out for 217 00:11:45,920 --> 00:11:49,000 Speaker 1: everyone's interest here, Okay, Rick, Davis, you're the man. I 218 00:11:49,040 --> 00:11:52,640 Speaker 1: appreciate that panel stays, Emily stays. Rick's days is what 219 00:11:52,760 --> 00:11:56,120 Speaker 1: kind of I'm Kevin Cereli. I'm the chief Washington correspondent 220 00:11:56,200 --> 00:11:59,599 Speaker 1: for Bloomberg Television and for Bloomberg Radio. This is Bloomberg. 221 00:12:14,640 --> 00:12:19,640 Speaker 1: This is Bloomberg's Sound On with Kevin Surrel on Bloomberg Radio. 222 00:12:20,520 --> 00:12:25,960 Speaker 1: I'm Kevin Sirelli, chief Washington correspondent for Bloomberg Television and 223 00:12:26,280 --> 00:12:30,240 Speaker 1: for Bloomberg Radio. Coming up, we're gonna check in with 224 00:12:30,320 --> 00:12:33,760 Speaker 1: the congresswoman who wants to ban Q and on members 225 00:12:34,200 --> 00:12:40,040 Speaker 1: from getting national security clearances, Congresswoman Stephanie Murphy, a Democrat 226 00:12:40,080 --> 00:12:41,760 Speaker 1: from Florida. She'll join me at the top of the 227 00:12:41,800 --> 00:12:45,320 Speaker 1: next half hour. But let's first get to the major 228 00:12:45,400 --> 00:12:48,560 Speaker 1: economic story of the day, and that is, of course, uh, 229 00:12:48,600 --> 00:12:52,280 Speaker 1: the Economic stimulus talks. Here to break down this story, 230 00:12:52,400 --> 00:12:56,280 Speaker 1: Rick Davis, Emily Tish Sussman, and we've got sound on 231 00:12:56,280 --> 00:13:00,120 Speaker 1: this from Treasury Secretary Janny Eellen. She spoke to CBS 232 00:13:00,120 --> 00:13:02,280 Speaker 1: over the weekend, and she said that if the US 233 00:13:02,400 --> 00:13:07,520 Speaker 1: can return to full employment if and only if it 234 00:13:07,679 --> 00:13:11,360 Speaker 1: enacts of robust enough coronavirus stimulus package, she's saying it's 235 00:13:11,360 --> 00:13:14,040 Speaker 1: stimulus or bust. If there's no stimulus, the economy is 236 00:13:14,080 --> 00:13:15,640 Speaker 1: not going to come back. Take a listen to what 237 00:13:15,679 --> 00:13:19,880 Speaker 1: she said. I'm afraid that the job market is stalling. 238 00:13:20,320 --> 00:13:24,000 Speaker 1: We saw that in Friday's employment report. We're in a 239 00:13:24,120 --> 00:13:27,760 Speaker 1: deep hole with respect to the job market and a 240 00:13:27,840 --> 00:13:30,840 Speaker 1: long way to dig out now. Jenzaki was asked about 241 00:13:30,880 --> 00:13:33,199 Speaker 1: this by reporters at the press briefing in the Brady 242 00:13:33,200 --> 00:13:35,360 Speaker 1: Briefing Room at the White House earlier today. When I 243 00:13:35,360 --> 00:13:38,120 Speaker 1: was monitoring it, I was struck again just by how 244 00:13:38,200 --> 00:13:42,520 Speaker 1: much they are really leaving this process to a speaker 245 00:13:42,520 --> 00:13:46,240 Speaker 1: Pelosi and Leader Schumer in the Senate, and they are 246 00:13:46,280 --> 00:13:49,880 Speaker 1: incredibly confident, both publicly and behind the scenes that ultimately 247 00:13:50,200 --> 00:13:53,880 Speaker 1: this one point nine trillion dollar stimulus deal will get 248 00:13:53,920 --> 00:13:57,600 Speaker 1: past now. Yellen was asked again on CBS about the 249 00:13:57,760 --> 00:14:02,360 Speaker 1: risk if there is not a stimulus package that has passed. 250 00:14:02,360 --> 00:14:04,680 Speaker 1: I've got sounds on this. Take a list of this 251 00:14:04,760 --> 00:14:09,839 Speaker 1: package is going to really speed recovery, and analysis by 252 00:14:09,920 --> 00:14:14,600 Speaker 1: Moody's and economists at the Brookings Institution show that very 253 00:14:14,720 --> 00:14:18,680 Speaker 1: clearly that we will get people back to work much 254 00:14:18,720 --> 00:14:23,480 Speaker 1: sooner with this, With this package and that that's really 255 00:14:23,560 --> 00:14:28,520 Speaker 1: critically important. There's absolutely no reason why we should um 256 00:14:28,600 --> 00:14:32,240 Speaker 1: suffer through a long slow recovery. Rick. I mean I 257 00:14:32,280 --> 00:14:35,880 Speaker 1: spoke with a source who previously worked in former President 258 00:14:35,880 --> 00:14:39,520 Speaker 1: Trump's budget office today and I said, does it matter 259 00:14:39,560 --> 00:14:41,960 Speaker 1: if any Republicans get on board? And even the source 260 00:14:42,040 --> 00:14:46,200 Speaker 1: conceded that because of the math, Democrats definitely have the 261 00:14:46,280 --> 00:14:49,640 Speaker 1: upper hand here, and people like Senator Romney, while they 262 00:14:49,640 --> 00:14:52,480 Speaker 1: are floating proposals, are doing so because they want to 263 00:14:52,520 --> 00:14:58,240 Speaker 1: be uh potentially named on the reconciliation committees UM to 264 00:14:58,560 --> 00:15:02,400 Speaker 1: try to get some cash for for funded to their states. 265 00:15:02,440 --> 00:15:07,040 Speaker 1: But Republicans really don't really have a stay here. Well, 266 00:15:07,080 --> 00:15:09,360 Speaker 1: they have to say, as long as you don't have 267 00:15:09,560 --> 00:15:12,360 Speaker 1: fifty Democrats marching the line, right, I mean, there are 268 00:15:12,400 --> 00:15:14,840 Speaker 1: going to be Democrats who object to parts of the package, 269 00:15:15,360 --> 00:15:18,320 Speaker 1: and and so having a couple of Republicans in your pocket, 270 00:15:18,600 --> 00:15:23,960 Speaker 1: uh to ensure that the package gets past Ultimately, you know, 271 00:15:24,000 --> 00:15:26,080 Speaker 1: they've got the shell of the one point nine trillion 272 00:15:26,120 --> 00:15:31,200 Speaker 1: dollar package already moving along and so uh, look, there 273 00:15:31,280 --> 00:15:36,000 Speaker 1: will be Republicans who agree that a long slow recovery, 274 00:15:36,240 --> 00:15:39,080 Speaker 1: much like what occurred during the Barack Obama eight years 275 00:15:39,560 --> 00:15:42,440 Speaker 1: after the Great financial Crisis of OH eight is not 276 00:15:42,680 --> 00:15:45,600 Speaker 1: what's in the nation's interests. And so whether they get 277 00:15:45,600 --> 00:15:47,800 Speaker 1: what they want out of it, uh, like what you 278 00:15:47,840 --> 00:15:50,240 Speaker 1: mentioned about people like Senator Mitt Romney who want to 279 00:15:50,280 --> 00:15:53,240 Speaker 1: play on on on that field of play, UH, yet 280 00:15:53,280 --> 00:15:55,640 Speaker 1: to be determined. I do think there's a legitimate interest 281 00:15:55,680 --> 00:15:57,760 Speaker 1: by the White House to include some of their ideas 282 00:15:58,200 --> 00:16:01,120 Speaker 1: in the ongoing reconciliation debate, and so we'll see whether 283 00:16:01,200 --> 00:16:04,360 Speaker 1: or not this can have some pantina of bipartisanship. But 284 00:16:04,400 --> 00:16:05,880 Speaker 1: you're right, at the end of the day, if they 285 00:16:05,880 --> 00:16:08,479 Speaker 1: can keep their caucus together, if Schumer can keep the 286 00:16:08,520 --> 00:16:11,720 Speaker 1: senators in line, he's got fifty and a tiebreaker, that's 287 00:16:11,760 --> 00:16:14,480 Speaker 1: exactly how this could potentially go down. You know, let 288 00:16:14,480 --> 00:16:16,480 Speaker 1: me follow up with you Rick before we bring an Emily, 289 00:16:16,520 --> 00:16:18,400 Speaker 1: because you you understand the lay of the land of 290 00:16:18,440 --> 00:16:22,840 Speaker 1: the GOP right now. I mean, there were many Republicans, 291 00:16:22,840 --> 00:16:26,200 Speaker 1: for example in Arizona, suburban Arizona, Americopa County, who were 292 00:16:26,600 --> 00:16:32,360 Speaker 1: very uninterested in seeing uh former President Trump get reelected. 293 00:16:32,840 --> 00:16:35,280 Speaker 1: But are they on board for a one point nine 294 00:16:35,360 --> 00:16:39,160 Speaker 1: trillion dollar stimulus bill? And the reason I say that 295 00:16:39,320 --> 00:16:41,960 Speaker 1: is a lot of Republicans, you know, American for prosperity. 296 00:16:42,000 --> 00:16:44,320 Speaker 1: For example, when I talked to those folks at a FP, 297 00:16:45,040 --> 00:16:50,880 Speaker 1: they're very very wary of of having uh this much 298 00:16:50,920 --> 00:16:54,280 Speaker 1: money spent so quickly after the last chunk of change 299 00:16:54,720 --> 00:16:56,800 Speaker 1: that was just a couple of months ago. Yeah, it's 300 00:16:56,840 --> 00:16:59,760 Speaker 1: a it's a leap of faith, right. Um, everyone is 301 00:16:59,800 --> 00:17:04,560 Speaker 1: like reminded that previous COVID relief bills had bipartisan support, 302 00:17:04,600 --> 00:17:06,800 Speaker 1: but none of them were one point nine trillion dollars. 303 00:17:07,280 --> 00:17:10,800 Speaker 1: And so it's it's going to require Republicans to really 304 00:17:10,800 --> 00:17:13,080 Speaker 1: believe that this is what's needed in order to get 305 00:17:13,080 --> 00:17:16,600 Speaker 1: the economy moving, get people off the unemployment line, and 306 00:17:16,640 --> 00:17:19,000 Speaker 1: get the distribution of these vaccines so that you know, 307 00:17:19,040 --> 00:17:21,399 Speaker 1: we can return to some level of normalcy. But I 308 00:17:21,440 --> 00:17:25,280 Speaker 1: do think the press is actually helping because the reports 309 00:17:25,400 --> 00:17:29,639 Speaker 1: out there on unemployment and the COVID situation aren't giving 310 00:17:29,680 --> 00:17:34,560 Speaker 1: Republicans any comfort that going smaller is going to satisfy anybody. 311 00:17:34,600 --> 00:17:36,480 Speaker 1: And then when you see the polls out this weekend 312 00:17:36,800 --> 00:17:41,840 Speaker 1: where you know, plus Republican voters forget members of Congress, 313 00:17:41,840 --> 00:17:44,200 Speaker 1: but the voters say they like the one point nine 314 00:17:44,200 --> 00:17:47,159 Speaker 1: trillion dollar package. They're gonna be some people over in 315 00:17:47,160 --> 00:17:49,520 Speaker 1: the Senate scratching head wondering, you know, whether or not 316 00:17:50,000 --> 00:17:52,200 Speaker 1: supporting this package isn't the right thing to do for 317 00:17:52,240 --> 00:17:56,040 Speaker 1: their own constituention. That's very spat on because Emily, it's 318 00:17:56,040 --> 00:17:59,640 Speaker 1: a different crisis than two thousand and eight, But same 319 00:17:59,720 --> 00:18:01,720 Speaker 1: question into you. But let's flip the script. Let's put 320 00:18:01,760 --> 00:18:05,160 Speaker 1: it on the Democrats. Is the left flank of your party? 321 00:18:05,320 --> 00:18:07,639 Speaker 1: M Are they going to be able to get on board? 322 00:18:07,960 --> 00:18:10,120 Speaker 1: Thirty seconds for you? Are they going to be able 323 00:18:10,160 --> 00:18:12,600 Speaker 1: to get on board with with a plan that I'm 324 00:18:12,640 --> 00:18:16,040 Speaker 1: hearing from one very progressive member they feel is not 325 00:18:16,160 --> 00:18:20,360 Speaker 1: progressive enough. Well, they have so far. I think if 326 00:18:20,359 --> 00:18:23,920 Speaker 1: there were going to be really big divisions from the left, 327 00:18:24,480 --> 00:18:27,399 Speaker 1: they would have started already very hard um. And what 328 00:18:27,440 --> 00:18:29,840 Speaker 1: they're seeing is that staying together as a party and 329 00:18:29,880 --> 00:18:33,280 Speaker 1: getting big things passed quickly. They're buying into this Biden 330 00:18:33,359 --> 00:18:36,600 Speaker 1: idea that this is momentum, this is a building block 331 00:18:36,640 --> 00:18:37,800 Speaker 1: to build off of it. And And I have to tell 332 00:18:37,840 --> 00:18:39,560 Speaker 1: you I kind of believe it, Like I kind of 333 00:18:39,560 --> 00:18:41,960 Speaker 1: buy into that. I think that if he can get 334 00:18:42,000 --> 00:18:45,119 Speaker 1: this done, get it done quickly, start getting check the 335 00:18:45,240 --> 00:18:48,159 Speaker 1: people and notches. Then it's gonna it's gonna be the 336 00:18:48,240 --> 00:18:51,639 Speaker 1: big mo That's what That's what Rick and Emily called momentum. 337 00:18:52,080 --> 00:18:55,000 Speaker 1: Gotta have it, especially in Washington. We had to capital 338 00:18:55,000 --> 00:18:58,080 Speaker 1: home next to the Congresswoman Stephanie Murphy, Democrat of Florida's 339 00:18:58,080 --> 00:19:10,400 Speaker 1: almos and I'm Kevin severally panel states this Bloomberg. You're 340 00:19:10,440 --> 00:19:14,960 Speaker 1: listening to Bloomberg Sound On with Kevin Currele on Bloomberg Radio. 341 00:19:15,400 --> 00:19:19,399 Speaker 1: I'm Kevin CURRELLI, Chief Washington correspondent for Bloomberg Television and 342 00:19:19,400 --> 00:19:24,040 Speaker 1: from Bloomberg Radio. Congresswoman Stephanie Murphy joins, US Democrat from Florida, 343 00:19:24,040 --> 00:19:28,160 Speaker 1: and I'm gonna ask her all about impeachment, trade talk. 344 00:19:28,280 --> 00:19:31,840 Speaker 1: She's on the Trade Committee US China Relations, and how 345 00:19:31,960 --> 00:19:35,680 Speaker 1: she's looking to prevent Q and ON members from getting 346 00:19:35,720 --> 00:19:38,920 Speaker 1: national security clearances. Panels with me ahead of my interview 347 00:19:38,960 --> 00:19:43,320 Speaker 1: with Congresswoman Stephanie Murphy, Emily Titch Sussman as well as 348 00:19:43,680 --> 00:19:46,520 Speaker 1: Rick Davis, and we got to talk about the impeachment 349 00:19:46,520 --> 00:19:49,399 Speaker 1: trial because candidly, I was checking in with my sources 350 00:19:49,440 --> 00:19:52,879 Speaker 1: earlier today about the stimulus and all everyone's buzzing about 351 00:19:53,320 --> 00:19:57,080 Speaker 1: on the virtue these days, it's virtual political water cooler. 352 00:19:57,480 --> 00:20:01,879 Speaker 1: Is the impeachment trial and how Republicans are going to 353 00:20:02,000 --> 00:20:05,520 Speaker 1: navigate this? Did you see this in Politico? Donald Trump Jr. 354 00:20:05,720 --> 00:20:09,440 Speaker 1: Told Politico that he's gonna head to list Cheneese District 355 00:20:09,920 --> 00:20:14,760 Speaker 1: uh to drum up support. Remember Congressman Matt Gates did so, uh, 356 00:20:14,800 --> 00:20:17,800 Speaker 1: And that they're fully preparing to to primary her uh, 357 00:20:17,880 --> 00:20:21,680 Speaker 1: that wing of the Republican Party. So the fallout from 358 00:20:21,720 --> 00:20:25,200 Speaker 1: the open it's really an open family feud for lack 359 00:20:25,240 --> 00:20:28,040 Speaker 1: of a better word amongst Republicans, and the path forward 360 00:20:28,080 --> 00:20:30,119 Speaker 1: and the vacuum for the Republican Party is going to 361 00:20:30,200 --> 00:20:32,879 Speaker 1: be on full display. And that's what I truly believe 362 00:20:33,680 --> 00:20:37,119 Speaker 1: is the main message for the trial, Rick, is how 363 00:20:37,160 --> 00:20:40,520 Speaker 1: will Republicans navigate this? And and will it be clear 364 00:20:40,800 --> 00:20:46,639 Speaker 1: after this week for various camps and contingencies and jockeying 365 00:20:47,160 --> 00:20:54,600 Speaker 1: for is this vote is vote? Is going to be 366 00:20:55,080 --> 00:20:59,200 Speaker 1: a critical question as to how the Republican Party now regroups, because, 367 00:20:59,240 --> 00:21:01,679 Speaker 1: as you point out, there's going to be an effort 368 00:21:01,680 --> 00:21:04,760 Speaker 1: on the part of the Trump family, whatever that organization 369 00:21:04,840 --> 00:21:08,000 Speaker 1: manifests itself to be maybe just that the Trump family 370 00:21:08,320 --> 00:21:11,800 Speaker 1: to primary people who have voted for impeachment in the 371 00:21:11,840 --> 00:21:15,760 Speaker 1: House or voted for impeachment in the Senate, or uh 372 00:21:16,400 --> 00:21:19,159 Speaker 1: just upsetting. The reality is there is going to be 373 00:21:19,160 --> 00:21:22,080 Speaker 1: a concerted effort, backed by tens of millions of dollars 374 00:21:22,560 --> 00:21:27,440 Speaker 1: in Donald Trump's pack to uh try to elect Trump 375 00:21:27,880 --> 00:21:31,560 Speaker 1: supporters uh for two years from now in the Senate 376 00:21:31,600 --> 00:21:34,840 Speaker 1: seats that are currently held by incumbent Republicans, which in 377 00:21:34,880 --> 00:21:38,719 Speaker 1: the old days, my old days would be apostate. UH. 378 00:21:39,359 --> 00:21:43,800 Speaker 1: You don't primary sitting members of leadership. You don't primary 379 00:21:43,920 --> 00:21:49,200 Speaker 1: uh active senators in a state the state's uh tend 380 00:21:49,240 --> 00:21:51,639 Speaker 1: to like their sitting senators. They don't want to throw 381 00:21:51,680 --> 00:21:54,720 Speaker 1: anything at risk. It opens up opportunity for the Democrats, 382 00:21:54,800 --> 00:21:57,359 Speaker 1: no question about it. Not so much in states that 383 00:21:57,400 --> 00:22:01,320 Speaker 1: are rock red bred. But UM chaos within the party 384 00:22:01,520 --> 00:22:04,440 Speaker 1: is only an opportunity for Democrats to pick off senators 385 00:22:04,440 --> 00:22:07,479 Speaker 1: and House members who otherwise might have a relatively easy 386 00:22:07,640 --> 00:22:10,480 Speaker 1: midterm election. Look no further than the state of Pennsylvania, 387 00:22:10,480 --> 00:22:13,840 Speaker 1: where John Federman announced the lieutenant governor Democratic lieutenant governor 388 00:22:13,880 --> 00:22:16,600 Speaker 1: formally announced that he is running for Senate in a 389 00:22:16,680 --> 00:22:19,359 Speaker 1: seat the pat to me is not seeking re election 390 00:22:19,440 --> 00:22:22,640 Speaker 1: for I've got sounds on UH the impeachment trial from 391 00:22:22,720 --> 00:22:25,080 Speaker 1: Pat to Me. Senator Pat to Me, the Republican of 392 00:22:25,080 --> 00:22:28,760 Speaker 1: Pennsylvania who was asked over the weekend by CNN about 393 00:22:28,800 --> 00:22:32,760 Speaker 1: the impeachment trial and whether or not it's constitutional. Because, 394 00:22:32,880 --> 00:22:36,439 Speaker 1: as we've heard on this program from Republicans like Senator 395 00:22:36,480 --> 00:22:39,919 Speaker 1: Marsha Blackburn, there's this issue of whether or not the 396 00:22:40,040 --> 00:22:45,480 Speaker 1: trial itself is constitutional, UH, and and legal scholars are 397 00:22:45,520 --> 00:22:47,879 Speaker 1: are saying that it is, and and some Republicans are 398 00:22:47,880 --> 00:22:49,720 Speaker 1: saying they don't like the president. But take a listen 399 00:22:49,760 --> 00:22:52,320 Speaker 1: to what Senator to Me told CNN over the weekend. 400 00:22:52,880 --> 00:22:57,880 Speaker 1: You did have forty five Republican senators vote to suggest 401 00:22:57,920 --> 00:22:59,960 Speaker 1: that they didn't think it was appropriate to conduct a trial, 402 00:23:00,240 --> 00:23:03,400 Speaker 1: So you can infer how likely it is that those 403 00:23:03,400 --> 00:23:07,040 Speaker 1: folks will vote to convict. And he went on to 404 00:23:07,040 --> 00:23:12,920 Speaker 1: to say specifically how he will vote for UH during 405 00:23:12,960 --> 00:23:15,440 Speaker 1: the trial. And and here sound on that the best 406 00:23:15,480 --> 00:23:17,920 Speaker 1: outcome would have been for the president to resign. Obviously 407 00:23:17,960 --> 00:23:20,040 Speaker 1: he chose not to do that. My job is going 408 00:23:20,080 --> 00:23:24,200 Speaker 1: to be to objectively evaluate the very specific article of 409 00:23:24,240 --> 00:23:26,480 Speaker 1: impeachment that is going to be presented to us, and 410 00:23:26,480 --> 00:23:27,960 Speaker 1: that's what I'm gonna do. I'm gonna listen to the 411 00:23:28,040 --> 00:23:31,080 Speaker 1: arguments on both sides and make the decision that I 412 00:23:31,119 --> 00:23:34,560 Speaker 1: think is right. How important of an issue is this 413 00:23:35,280 --> 00:23:38,399 Speaker 1: in a Republican primary, Rick Davis, as you crunch the 414 00:23:38,480 --> 00:23:41,080 Speaker 1: numbers with the best of them, like Frank Lantz, Well, 415 00:23:41,119 --> 00:23:42,480 Speaker 1: you know, it depends on who's going to be in 416 00:23:42,520 --> 00:23:45,480 Speaker 1: the Republican primary vote. You mentioned earlier in the program 417 00:23:45,600 --> 00:23:48,639 Speaker 1: that part of the group that migrated from Republicans to 418 00:23:49,440 --> 00:23:53,560 Speaker 1: Joe Biden's election victory were suburban women. If suburban women 419 00:23:53,600 --> 00:23:56,040 Speaker 1: come back to the GOP, then they can support people 420 00:23:56,080 --> 00:23:59,560 Speaker 1: like Liz Cheney and ensure that she wins a contested primary. 421 00:23:59,640 --> 00:24:03,440 Speaker 1: If they stay on the Democratic ballot UH for some 422 00:24:03,480 --> 00:24:05,840 Speaker 1: time because they don't like the noise that's coming out 423 00:24:05,840 --> 00:24:09,159 Speaker 1: of the Trump faction within the GOP, the Q and 424 00:24:09,200 --> 00:24:13,080 Speaker 1: on supporters, the white supremacists that have come up the works, 425 00:24:13,160 --> 00:24:17,960 Speaker 1: especially in some key UH swing states, then then likelihood 426 00:24:18,040 --> 00:24:21,199 Speaker 1: is that a lot of these folks on the fringe 427 00:24:21,280 --> 00:24:24,000 Speaker 1: right may have some success in a primary, especially in 428 00:24:24,000 --> 00:24:29,120 Speaker 1: the House of Representatives. Emily Tish Sussman, here's the question 429 00:24:29,200 --> 00:24:32,119 Speaker 1: that I get from Republicans and both sides here's some 430 00:24:32,480 --> 00:24:35,600 Speaker 1: behind the curtain for you. Both sides tell reporters what 431 00:24:35,720 --> 00:24:37,960 Speaker 1: to ask the other side. They try to they try 432 00:24:38,040 --> 00:24:40,919 Speaker 1: to suggested questions, what they call them. So here's the 433 00:24:40,960 --> 00:24:44,000 Speaker 1: suggestive question that Republicans want me to ask Democrats, which is, 434 00:24:44,359 --> 00:24:47,960 Speaker 1: are do Democrats risk putting too much emphasis on the 435 00:24:48,000 --> 00:24:53,480 Speaker 1: impeachment trial so that it overshadows stimulus talks? Um, I 436 00:24:53,480 --> 00:24:55,359 Speaker 1: don't think so. You know, I was actually just thinking 437 00:24:55,400 --> 00:25:00,640 Speaker 1: about that myself, and I was wondering about myself. Um 438 00:25:00,840 --> 00:25:03,000 Speaker 1: and and I really don't think so. I really do 439 00:25:03,080 --> 00:25:08,480 Speaker 1: think they are too very separate things. Um. The impeachment talk, 440 00:25:08,760 --> 00:25:16,800 Speaker 1: the impeachment talks UM just on Trump's conduct on January six, 441 00:25:16,880 --> 00:25:20,440 Speaker 1: like it's very verty closed, like it's it's that's exactly 442 00:25:20,800 --> 00:25:26,639 Speaker 1: exclusively what it's on. Um. And the stimulus talks have 443 00:25:26,880 --> 00:25:30,800 Speaker 1: pieces that are identifiable to every single American, whether it's 444 00:25:30,840 --> 00:25:33,359 Speaker 1: opening a school, whether it's getting a vaccine, whether it's 445 00:25:33,400 --> 00:25:37,280 Speaker 1: getting a stimulus check, and it's ongoing. So I actually 446 00:25:37,320 --> 00:25:40,120 Speaker 1: see them as really quite separate. I think the only 447 00:25:40,160 --> 00:25:42,720 Speaker 1: overlay is that they are the same sedators. They will 448 00:25:42,720 --> 00:25:44,840 Speaker 1: be voting on both of them. UM. But I think 449 00:25:44,840 --> 00:25:47,160 Speaker 1: the politics around them are different. I think the substance 450 00:25:47,200 --> 00:25:49,840 Speaker 1: of it is quite different. Um. I think in any 451 00:25:49,880 --> 00:25:54,520 Speaker 1: other world, having these two gigantic things at the same 452 00:25:54,560 --> 00:25:57,560 Speaker 1: time would be impossible for for us to be able 453 00:25:57,640 --> 00:25:59,480 Speaker 1: to keep in our brain. But I think that we're 454 00:25:59,480 --> 00:26:02,399 Speaker 1: coming off of four plus years of Donald Trump and 455 00:26:02,400 --> 00:26:06,600 Speaker 1: we've suddenly been able to handle multiple gigantic things at 456 00:26:06,680 --> 00:26:08,879 Speaker 1: the same time. UM. And I think the Senators are 457 00:26:08,920 --> 00:26:10,359 Speaker 1: capable of at too, So I actually don't think it 458 00:26:10,480 --> 00:26:13,600 Speaker 1: changes the politics that much. UM. And I will also 459 00:26:13,640 --> 00:26:17,840 Speaker 1: say that I've I've never asked you to ask anybody anything. Well, 460 00:26:17,840 --> 00:26:19,800 Speaker 1: oh yeah, that's what she says on the record, and 461 00:26:19,800 --> 00:26:21,760 Speaker 1: then she'll be like, but on background, if you're interviewing 462 00:26:21,760 --> 00:26:25,480 Speaker 1: a Republican, I suggest this. Emily, thanks so much for 463 00:26:25,480 --> 00:26:27,119 Speaker 1: for checking in with me. I know you have to go, 464 00:26:27,200 --> 00:26:29,000 Speaker 1: but you've been so generous with your time. Rick's gonna 465 00:26:29,040 --> 00:26:31,719 Speaker 1: stay with me while we interview Congress someone Stephanie Murphy 466 00:26:32,080 --> 00:26:34,680 Speaker 1: coming up next to Emily, my best of the family. 467 00:26:34,720 --> 00:26:37,840 Speaker 1: Thank you so much for for stopping by. Just anecdotally, 468 00:26:38,000 --> 00:26:40,240 Speaker 1: I was checking in with a source over the weekend 469 00:26:40,240 --> 00:26:42,960 Speaker 1: down by the Watergate in Georgetown, and the cab driver 470 00:26:43,080 --> 00:26:45,520 Speaker 1: said to me, they still can't get up there. I 471 00:26:45,600 --> 00:26:47,159 Speaker 1: mean I was up there last week. You have to 472 00:26:47,200 --> 00:26:50,159 Speaker 1: still go through a fence in order to get into 473 00:26:50,200 --> 00:26:53,080 Speaker 1: the capital Security there's now five thousand troops, down from 474 00:26:53,119 --> 00:26:56,719 Speaker 1: twenty eight thousand, but it's still a different Washington than 475 00:26:56,760 --> 00:26:59,240 Speaker 1: any of us are used to pre January six, even 476 00:26:59,240 --> 00:27:02,160 Speaker 1: in the midst of the demic. I'm Kevin Sirelli. This 477 00:27:02,200 --> 00:27:15,480 Speaker 1: is Bloomberg. You're listening to Bloomberg Sound On with Kevin 478 00:27:15,520 --> 00:27:19,359 Speaker 1: Surreley on Bloomberg Radio. My name is Kevin Curley. I'm 479 00:27:19,359 --> 00:27:23,919 Speaker 1: the chief Washington correspondent for Bloomberg Television and for Bloomberg Radio. 480 00:27:24,280 --> 00:27:27,760 Speaker 1: Accompanied by none other than Rick Davis of Bloomberg Politics 481 00:27:28,000 --> 00:27:31,160 Speaker 1: contributor here of course as a partner at Stone Court Capital. 482 00:27:31,760 --> 00:27:35,359 Speaker 1: And we're joined now by Congresswoman Stephanie Murphy, a Democrat 483 00:27:35,520 --> 00:27:38,880 Speaker 1: from Florida. Stephanie, congress Woman, Sorry, I have a lot 484 00:27:38,920 --> 00:27:42,560 Speaker 1: of questions. It is not fine. It is one of 485 00:27:42,600 --> 00:27:45,720 Speaker 1: the first things I learned at Penn State School of Journalism. 486 00:27:45,760 --> 00:27:48,199 Speaker 1: You always respect the title. That was a slip of 487 00:27:48,200 --> 00:27:51,320 Speaker 1: the tongue, and I apologize. Congresswoman. I want to ask 488 00:27:51,400 --> 00:27:56,040 Speaker 1: you about the economic stimulus talks, and in particular just 489 00:27:56,560 --> 00:28:00,919 Speaker 1: the timeline that you're hearing for when passage might ultimately 490 00:28:00,960 --> 00:28:05,359 Speaker 1: come to fruition. Well, in my opinion, it can't be 491 00:28:05,480 --> 00:28:10,160 Speaker 1: soon enough, UM, because right now in Florida we have 492 00:28:10,640 --> 00:28:13,720 Speaker 1: UM quite a bit of spread as well as the 493 00:28:13,760 --> 00:28:17,480 Speaker 1: COVID variants are here in Florida, and people need to 494 00:28:17,520 --> 00:28:21,960 Speaker 1: get access to vaccines. UM. We have to address the 495 00:28:22,000 --> 00:28:25,280 Speaker 1: needs of getting shots and arms and checks in pockets 496 00:28:25,280 --> 00:28:27,959 Speaker 1: as soon as possible. But what I'm hearing is that 497 00:28:28,040 --> 00:28:30,719 Speaker 1: this week we will mark up the bills. So that 498 00:28:30,760 --> 00:28:34,320 Speaker 1: means that the House will make UM adjustments and write 499 00:28:34,359 --> 00:28:39,040 Speaker 1: the bills this week within our committees, and then UM 500 00:28:39,160 --> 00:28:42,800 Speaker 1: the Senate UM will do their mark up to the 501 00:28:42,800 --> 00:28:46,800 Speaker 1: week of the UM and then there's got to be 502 00:28:46,880 --> 00:28:52,280 Speaker 1: some reconciliation of those bills, shooting for a final passage 503 00:28:52,360 --> 00:28:54,640 Speaker 1: sometime in mid March. But let me tell you, Kevin, 504 00:28:54,680 --> 00:28:58,800 Speaker 1: then that would be record speed for a budget reconciliation process. 505 00:28:59,400 --> 00:29:03,480 Speaker 1: On average, it takes five months. Based on what CRS, 506 00:29:03,760 --> 00:29:07,720 Speaker 1: the Congressional Research UM Services say it usually takes about 507 00:29:07,800 --> 00:29:10,880 Speaker 1: five months. It can take as long as a year. UM. 508 00:29:11,200 --> 00:29:14,960 Speaker 1: So this this paste that we are theoretically on UM 509 00:29:15,080 --> 00:29:18,320 Speaker 1: would be record speed. UM. But this is part of 510 00:29:18,320 --> 00:29:22,280 Speaker 1: the reason why I've been calling for a vaccination UM 511 00:29:22,360 --> 00:29:26,360 Speaker 1: bill stand alone to go ahead. There's no reason why 512 00:29:26,680 --> 00:29:30,920 Speaker 1: we should wait on a bigger package for vaccine money 513 00:29:31,080 --> 00:29:34,000 Speaker 1: that everybody can agree on, that is needed at the 514 00:29:34,080 --> 00:29:37,680 Speaker 1: state and local level in order to support the hundred 515 00:29:37,680 --> 00:29:41,080 Speaker 1: million vaccines in a hundred days. Why wait forty five 516 00:29:41,160 --> 00:29:45,440 Speaker 1: days UM against your hundred days target that President Biden 517 00:29:45,520 --> 00:29:47,480 Speaker 1: has put out there. Why shouldn't we just get these 518 00:29:47,480 --> 00:29:50,440 Speaker 1: resources out to our state and local UM governments as 519 00:29:50,440 --> 00:29:52,200 Speaker 1: soon as possible so that we can get shots in 520 00:29:52,240 --> 00:29:54,360 Speaker 1: people's arms. So you would be willing, I mean, are 521 00:29:54,600 --> 00:29:56,560 Speaker 1: there other members of your caucus you would be willing 522 00:29:56,560 --> 00:30:01,120 Speaker 1: to do a piecemeal approach. It's not really piecemeal because 523 00:30:01,360 --> 00:30:05,040 Speaker 1: it's just the vaccine piece that we're pulling off that 524 00:30:05,120 --> 00:30:08,600 Speaker 1: we're suggesting we pull off because UM, it's tied directly 525 00:30:08,640 --> 00:30:13,360 Speaker 1: to President Biden's one hundred million shots in a hundred 526 00:30:13,440 --> 00:30:17,920 Speaker 1: days UM it is. It would have broad bipartisan support, 527 00:30:18,360 --> 00:30:21,640 Speaker 1: and it allows that money to flow to state while 528 00:30:21,760 --> 00:30:25,560 Speaker 1: we negotiate this bigger package that is absolutely needed, but 529 00:30:25,640 --> 00:30:28,320 Speaker 1: that has a lot of pieces moving pieces within it. 530 00:30:28,480 --> 00:30:32,240 Speaker 1: And that might take um U weeks if not months 531 00:30:32,240 --> 00:30:35,000 Speaker 1: to get a final negotiation on I want to head 532 00:30:35,000 --> 00:30:36,800 Speaker 1: to the Geo politics before I bring in Rick to 533 00:30:36,840 --> 00:30:40,280 Speaker 1: ask you a question. But over the weekend, Secretary of 534 00:30:40,320 --> 00:30:44,280 Speaker 1: State Tony BLANCLN said that President Biden would not be 535 00:30:44,560 --> 00:30:48,440 Speaker 1: removing Iran sanctions UH in order to bring Iran back 536 00:30:48,520 --> 00:30:51,240 Speaker 1: to the negotiating table. You are a member of the 537 00:30:51,320 --> 00:30:55,680 Speaker 1: Armed Services Committee. Previously you were m A. You served 538 00:30:55,680 --> 00:30:58,240 Speaker 1: as a National Security Specialist in the Office of the 539 00:30:58,320 --> 00:31:02,200 Speaker 1: U S Secretary of Defense UM and and you actually 540 00:31:02,280 --> 00:31:05,920 Speaker 1: were awarded the Secretary of Defense metal for exceptional civil 541 00:31:06,240 --> 00:31:09,800 Speaker 1: civilian service. Is that the right approach for the Biden 542 00:31:09,800 --> 00:31:15,520 Speaker 1: administration to take in order to deal with Iran? Look? Um, 543 00:31:15,600 --> 00:31:19,400 Speaker 1: the situation with Iran has changed significantly since we passed 544 00:31:19,520 --> 00:31:21,760 Speaker 1: or since Congress. I wasn't in Congress at that time, 545 00:31:21,960 --> 00:31:25,000 Speaker 1: since Congress passed the j c p o A. The 546 00:31:25,640 --> 00:31:29,360 Speaker 1: situation on the ground um in Ran, the activities that 547 00:31:29,360 --> 00:31:32,200 Speaker 1: they have been involved in, all of that has changed significantly, 548 00:31:32,240 --> 00:31:35,520 Speaker 1: as well as the neighborhood and the relationships that the 549 00:31:35,600 --> 00:31:40,520 Speaker 1: US has with um the other countries in the region, 550 00:31:40,560 --> 00:31:43,120 Speaker 1: as well as Israel's relationship with those other countries in 551 00:31:43,120 --> 00:31:46,320 Speaker 1: the region given the Abraham Accords US in time, so 552 00:31:46,400 --> 00:31:50,280 Speaker 1: the situation has changed significantly since the time when they 553 00:31:50,320 --> 00:31:52,560 Speaker 1: passed the j C p O A. I think it's 554 00:31:52,600 --> 00:31:56,120 Speaker 1: fair to take a good look at what UM, What 555 00:31:56,280 --> 00:31:59,080 Speaker 1: are the facts on the ground today, and how do 556 00:31:59,200 --> 00:32:03,200 Speaker 1: we achieved the goal that we have, which is to 557 00:32:03,320 --> 00:32:07,080 Speaker 1: prevent Iran from UM further developing against nuclear weapons as 558 00:32:07,080 --> 00:32:11,240 Speaker 1: well as preventing them from UM funding terrorist organizations that 559 00:32:11,320 --> 00:32:14,520 Speaker 1: are selling chaos in the Middle East. UM. And so 560 00:32:15,480 --> 00:32:19,480 Speaker 1: I think that the administration has the right approach to 561 00:32:19,520 --> 00:32:22,720 Speaker 1: take a beat UM, evaluate the information at hand, and 562 00:32:22,720 --> 00:32:28,200 Speaker 1: then build a strategy that worked for today. Senator Congresswoman, Sorry, 563 00:32:28,240 --> 00:32:30,720 Speaker 1: I elevated you right away. I wanted to make sure 564 00:32:30,760 --> 00:32:33,600 Speaker 1: you felt better about this because Kevin not including your title. 565 00:32:35,000 --> 00:32:37,320 Speaker 1: Of course, you had to take it big god, you know, 566 00:32:37,440 --> 00:32:39,959 Speaker 1: after after twenty years of working with Senator John McCain, 567 00:32:40,600 --> 00:32:44,360 Speaker 1: I just wanted to say how incredibly proud and impressed 568 00:32:44,400 --> 00:32:46,719 Speaker 1: he would be of your life story and what you've 569 00:32:46,760 --> 00:32:49,760 Speaker 1: accomplished in your short time, and how much you'd be 570 00:32:49,840 --> 00:32:52,840 Speaker 1: looking forward to your continued success as someone who was 571 00:32:52,880 --> 00:32:57,360 Speaker 1: picked up in the ocean and six six months of age. Uh, 572 00:32:57,400 --> 00:32:59,400 Speaker 1: you know, in a raft free floating by the U. S. 573 00:32:59,520 --> 00:33:02,800 Speaker 1: Navy and is now a sitting congresswoman who is having 574 00:33:03,240 --> 00:33:07,720 Speaker 1: a significant impact on the Navy budget and all those 575 00:33:07,760 --> 00:33:10,640 Speaker 1: things that are military by saying on the Armed Services Committee. 576 00:33:10,680 --> 00:33:13,920 Speaker 1: So congratulations. I think it's just wonderful. My question really 577 00:33:13,920 --> 00:33:17,840 Speaker 1: goes back to the COVID Relief bill. Um, we've saw 578 00:33:18,960 --> 00:33:22,239 Speaker 1: some dismantling like what you were referring to U with 579 00:33:22,280 --> 00:33:25,760 Speaker 1: the COVID vaccine being pulled out in the Senate where 580 00:33:25,800 --> 00:33:29,000 Speaker 1: they pulled out the fifteen dollar minimum wage. Uh. Today 581 00:33:29,160 --> 00:33:31,960 Speaker 1: CBO came out with a report where it showed pretty 582 00:33:32,040 --> 00:33:37,080 Speaker 1: dramatically how a fifteen dollar minimum wage would uh decrease poverty, poverty, 583 00:33:37,280 --> 00:33:42,240 Speaker 1: and increase earnings for millions of Americans, especially low wage workers, 584 00:33:42,280 --> 00:33:46,480 Speaker 1: but it would also significantly increase the deficit and increase 585 00:33:46,560 --> 00:33:50,400 Speaker 1: unemployment by over a million people. So, UH, will the 586 00:33:50,440 --> 00:33:52,160 Speaker 1: House of Represents take a look at this now in 587 00:33:52,200 --> 00:33:54,240 Speaker 1: a similar look like what you've just done with the 588 00:33:54,320 --> 00:33:58,240 Speaker 1: vaccine ledge and say maybe we should be really looking 589 00:33:58,280 --> 00:34:02,040 Speaker 1: at the at the minimum wage we've got in our bill. Ritt. 590 00:34:02,120 --> 00:34:05,000 Speaker 1: Let me first tell you that I had the honor 591 00:34:05,200 --> 00:34:09,440 Speaker 1: of meeting up with Senator McCain um at in Hanoi 592 00:34:09,520 --> 00:34:12,560 Speaker 1: and had he UM gave us a tour of the 593 00:34:12,560 --> 00:34:17,360 Speaker 1: Hanoi Hilton and really had an opportunity to share um 594 00:34:17,480 --> 00:34:22,080 Speaker 1: our our experiences. UM. And UH was real honor to 595 00:34:22,160 --> 00:34:24,680 Speaker 1: have had that opportunity to be with him in Hanoi, 596 00:34:25,200 --> 00:34:28,239 Speaker 1: UM and to thank him for his service. So I 597 00:34:28,280 --> 00:34:33,280 Speaker 1: appreciate you opening the question that way regarding COVID relief. UM. Look, 598 00:34:34,000 --> 00:34:38,000 Speaker 1: you know here in Orlando fifteen, the minimum wage here 599 00:34:38,000 --> 00:34:41,400 Speaker 1: in Orlando is not a living wage for much of 600 00:34:41,440 --> 00:34:44,759 Speaker 1: my many of my constituents, and so UM, while I 601 00:34:44,840 --> 00:34:48,080 Speaker 1: support the idea of raising the minimum wage, I think 602 00:34:48,239 --> 00:34:51,600 Speaker 1: that UM putting having it as a part of this broader, 603 00:34:51,640 --> 00:34:55,600 Speaker 1: already complex negotiation. If it's going to slow down getting 604 00:34:55,640 --> 00:34:58,680 Speaker 1: COVID relief out the door, then I think there are 605 00:34:58,719 --> 00:35:02,520 Speaker 1: always other meca isms by which we can address minimum 606 00:35:02,520 --> 00:35:05,680 Speaker 1: wage and move it through the Congress. What we need 607 00:35:05,719 --> 00:35:08,360 Speaker 1: to be narrowly focused on in this moment is to 608 00:35:08,440 --> 00:35:12,400 Speaker 1: get relief to people, get shots in arms, checks in pockets, 609 00:35:12,640 --> 00:35:15,200 Speaker 1: and get a bill that's going to be signed into 610 00:35:15,320 --> 00:35:18,280 Speaker 1: law as soon as possible so that we can address 611 00:35:18,360 --> 00:35:21,279 Speaker 1: the covid um crisis that we're in the midst of. 612 00:35:21,600 --> 00:35:25,000 Speaker 1: We cannot address this pandemic at the pace of politics. 613 00:35:26,840 --> 00:35:29,440 Speaker 1: Now that's a really good point. I think that politics 614 00:35:29,440 --> 00:35:31,480 Speaker 1: certainly up until this point in time, didn't seem to 615 00:35:31,520 --> 00:35:34,399 Speaker 1: have much uh urgency around the covid But I think 616 00:35:34,440 --> 00:35:36,960 Speaker 1: your declaration that let's get shots in the arms and 617 00:35:37,000 --> 00:35:39,319 Speaker 1: let's get checks in the mail is exactly what the 618 00:35:39,320 --> 00:35:42,160 Speaker 1: American public are looking for. UM. I was curious too 619 00:35:42,200 --> 00:35:44,279 Speaker 1: if you could, uh, you have a new bill out 620 00:35:44,680 --> 00:35:48,399 Speaker 1: on the Security Clearance Act, which basically gives the heads 621 00:35:48,440 --> 00:35:50,839 Speaker 1: up to those people, the great Americans who are doing 622 00:35:50,840 --> 00:35:55,080 Speaker 1: security clearances for people who working at government, to take 623 00:35:55,120 --> 00:36:00,319 Speaker 1: into consideration people's participation in the January six insurrect at 624 00:36:00,320 --> 00:36:03,040 Speaker 1: the Capitol, if they were involved in any q and 625 00:36:03,120 --> 00:36:06,239 Speaker 1: on supporters, and can you just give us a sense 626 00:36:06,280 --> 00:36:09,960 Speaker 1: as to what you hope you'll accomplish with that act. Yeah. So, 627 00:36:10,040 --> 00:36:13,400 Speaker 1: as a former national security specialist, I've been through the 628 00:36:13,440 --> 00:36:18,800 Speaker 1: security clearance process, and that process digs into your background, um, 629 00:36:18,800 --> 00:36:25,040 Speaker 1: your financial records, your your travel, your associations, all of 630 00:36:25,120 --> 00:36:28,200 Speaker 1: this information so that these investigators can come to a 631 00:36:28,320 --> 00:36:31,960 Speaker 1: judgment as to your character and your loyalty to the 632 00:36:32,040 --> 00:36:35,480 Speaker 1: United States and your judgment. And I think that asking 633 00:36:35,520 --> 00:36:38,040 Speaker 1: the question as to whether or not you are somebody 634 00:36:38,040 --> 00:36:40,759 Speaker 1: who believes in conspiracy theories that would lead you to 635 00:36:40,800 --> 00:36:44,200 Speaker 1: overthrow the government, or if that if you had participated 636 00:36:44,239 --> 00:36:48,160 Speaker 1: in an effort to overthrow the US government. It looks 637 00:36:48,160 --> 00:36:52,520 Speaker 1: like it looks like we've lost the congresswoman, Uh Murphy. 638 00:36:52,520 --> 00:36:54,600 Speaker 1: It looks like we're having some problems with her line, 639 00:36:54,600 --> 00:36:58,239 Speaker 1: and unfortunately we have to leave the conversation there. Her 640 00:36:58,239 --> 00:37:00,560 Speaker 1: call was dropped, but we'll be sure to follow up 641 00:37:00,760 --> 00:37:05,239 Speaker 1: with her office. Uh, but my thanks to Congresswoman Stephanie Murphy, 642 00:37:05,280 --> 00:37:07,320 Speaker 1: a Democrat of Florida, and of course to Rick Davis 643 00:37:07,760 --> 00:37:10,680 Speaker 1: of Stone Corps Capital and the Bloomberg Politics contributor. February 644 00:37:10,719 --> 00:37:13,600 Speaker 1: is Black History Month of Bloomberg Radio is celebrating pivotal 645 00:37:13,600 --> 00:37:15,920 Speaker 1: moments in US black history each day. Here are today's 646 00:37:15,960 --> 00:37:19,760 Speaker 1: installment is Bloomberg's Needing Young. On this day in Black History, 647 00:37:20,080 --> 00:37:23,800 Speaker 1: Oprah Winfrey becomes the first African American woman to host 648 00:37:23,800 --> 00:37:27,440 Speaker 1: a nationally syndicated talk show. Started out as a local 649 00:37:27,480 --> 00:37:31,799 Speaker 1: show called Am Chicago in three and on February eighth, 650 00:37:31,920 --> 00:37:36,759 Speaker 1: nine six, The Oprah Winfrey Show officially launched nationally, eventually 651 00:37:36,840 --> 00:37:41,360 Speaker 1: becoming the highest rated television program of its kind in history. 652 00:37:41,600 --> 00:37:45,000 Speaker 1: It aired from Chicago until eleven and grossed more than 653 00:37:45,120 --> 00:37:49,120 Speaker 1: six billion dollars during its twenty five year run. Now, 654 00:37:49,120 --> 00:37:52,200 Speaker 1: Oprah is well known as an entrepreneur and philanthropist. She 655 00:37:52,280 --> 00:37:55,040 Speaker 1: famously gave away a car to every audience member in 656 00:37:55,080 --> 00:37:58,480 Speaker 1: her show One Day Open to the Oprah Winfrey Leadership 657 00:37:58,480 --> 00:38:01,880 Speaker 1: Academy for Girls in South Africa, and officially joined the 658 00:38:01,880 --> 00:38:06,480 Speaker 1: Bloomberg Billionaires Index in eighteen. She now leads the Oprah 659 00:38:06,480 --> 00:38:10,839 Speaker 1: Winfrey Network, jointly owned by her harpor Studios and Discovery. 660 00:38:11,239 --> 00:38:15,160 Speaker 1: That's today in Black History. I'm Nita Young, Bloomberg Radio. 661 00:38:15,719 --> 00:38:19,120 Speaker 1: That was a great, great, great honoring of the legacy 662 00:38:19,120 --> 00:38:22,920 Speaker 1: of Oprah Winfrey, who has just been a transformational force 663 00:38:23,480 --> 00:38:27,240 Speaker 1: for good in broadcasting. I'm Kevin Cirelli, Chief Washington correspondent 664 00:38:27,239 --> 00:38:29,560 Speaker 1: for Bloomberg TV and Radio. This is Bloomberg