1 00:00:01,440 --> 00:00:05,160 Speaker 1: This is a Bloomberg Daybreak special report. I'm Nathan Hagar, 2 00:00:05,400 --> 00:00:07,960 Speaker 1: I'm Amy Morris. President Trump has been admitted to the 3 00:00:08,000 --> 00:00:11,080 Speaker 1: hospital to be treated for COVID nineteen and coming up 4 00:00:11,080 --> 00:00:14,400 Speaker 1: over the next hour, we'll examine the implications, the possibilities, 5 00:00:14,640 --> 00:00:16,919 Speaker 1: and the path ahead for the White House. Not only that, 6 00:00:17,000 --> 00:00:20,520 Speaker 1: plus the political fallout with exactly one month un till 7 00:00:20,560 --> 00:00:23,759 Speaker 1: the election. That's all straight ahead. But first let's get 8 00:00:23,760 --> 00:00:26,239 Speaker 1: the very latest on the president's health. For that, we're 9 00:00:26,320 --> 00:00:29,320 Speaker 1: joined this morning by Bloomberg's Michael bar Good morning, Michael, 10 00:00:29,520 --> 00:00:32,640 Speaker 1: Good morning, Nathan. Medical specialists have elected to start from 11 00:00:32,720 --> 00:00:37,080 Speaker 1: disavere the therapy for President Donald Trump. That's according to 12 00:00:37,120 --> 00:00:40,519 Speaker 1: a tweet from Press Secretary Kaylee mckinatie that sites a 13 00:00:40,600 --> 00:00:44,560 Speaker 1: statement from his physician. Trump has completed his first dose 14 00:00:44,600 --> 00:00:47,800 Speaker 1: of the drug and is resting comfortably, according to the statement, 15 00:00:48,159 --> 00:00:50,440 Speaker 1: and it goes on to say that he's not requiring 16 00:00:50,520 --> 00:00:55,680 Speaker 1: any supplemental oxygen. Trump campaign senior adviser Curry Lewinowski spoke 17 00:00:55,760 --> 00:00:59,200 Speaker 1: to ABC News Friday night, saying the President is doing 18 00:00:59,240 --> 00:01:03,200 Speaker 1: well and rest th inside. Walter Reid. Knowing the President 19 00:01:03,200 --> 00:01:06,440 Speaker 1: the way that I do, I am certain that he 20 00:01:06,560 --> 00:01:09,319 Speaker 1: was hesitant and wanted to say at the White House 21 00:01:09,400 --> 00:01:12,360 Speaker 1: want to keep doing his day job, but I think 22 00:01:12,640 --> 00:01:16,280 Speaker 1: over as an abundance of caution. The President acquiesced and 23 00:01:16,319 --> 00:01:19,600 Speaker 1: decided to go up to Walter read today, Well wishes 24 00:01:19,680 --> 00:01:23,199 Speaker 1: continue to come in for President Trump. Former President Barack 25 00:01:23,200 --> 00:01:27,360 Speaker 1: Obama put politics aside. Michelle and I want to make 26 00:01:27,400 --> 00:01:30,120 Speaker 1: sure that we acknowledge the President of the United States 27 00:01:30,200 --> 00:01:33,240 Speaker 1: and the first Lady had a difficult time even when 28 00:01:33,280 --> 00:01:37,520 Speaker 1: we're in the midst of big political battles with with 29 00:01:37,640 --> 00:01:42,759 Speaker 1: issues that have a lot at stake, UH, that we're 30 00:01:42,800 --> 00:01:45,959 Speaker 1: all Americans, uh, and we're all human beings, and that 31 00:01:46,080 --> 00:01:50,280 Speaker 1: we uh, we want to make sure that everybody is healthy. 32 00:01:51,280 --> 00:01:54,200 Speaker 1: The list of people in President Trump's circle who have 33 00:01:54,360 --> 00:01:58,760 Speaker 1: contracted the coronavirus continues to grow. President Trump's campaign manager 34 00:01:58,880 --> 00:02:03,080 Speaker 1: Bill Steppian has tested positive for the coronavirus. Political said 35 00:02:03,120 --> 00:02:08,200 Speaker 1: Stepian received his diagnosis yesterday and is experiencing mild flu 36 00:02:08,400 --> 00:02:12,280 Speaker 1: like symptoms. Former Trump campaign manager Kelley Anne Conway has 37 00:02:12,320 --> 00:02:17,000 Speaker 1: tested positive for COVID nineteen and is experiencing mild symptoms. 38 00:02:17,040 --> 00:02:20,399 Speaker 1: According to a tweet, Conway says she is in quarantine 39 00:02:20,680 --> 00:02:24,760 Speaker 1: in the consultation with her doctors and says, as always, 40 00:02:24,840 --> 00:02:28,040 Speaker 1: my heart is with everyone affected by this global pandemic. 41 00:02:28,360 --> 00:02:32,120 Speaker 1: Republican Senator Tom Tillots said he also has COVID nineteen. 42 00:02:32,400 --> 00:02:36,120 Speaker 1: Rona McDaniel, the chairwoman of the Republican National Committee, also 43 00:02:36,120 --> 00:02:39,560 Speaker 1: announced Friday that she tested positive, joining Trump the first 44 00:02:39,639 --> 00:02:43,519 Speaker 1: Lady top Trump ate, Ho Pix, and numerous others. Stepian, 45 00:02:43,560 --> 00:02:46,959 Speaker 1: who joined Trump at Tuesday's first presidential debate, plans to 46 00:02:47,040 --> 00:02:51,320 Speaker 1: quarantine until he recovers. No one knows how, when, or 47 00:02:51,600 --> 00:02:55,320 Speaker 1: from whom President Trump became infected with a coronavirus, nor 48 00:02:55,560 --> 00:02:58,520 Speaker 1: is it known who, if any, has contracted the disease 49 00:02:58,520 --> 00:03:01,880 Speaker 1: from him. Dr John Rown Steam this tells us that 50 00:03:01,919 --> 00:03:05,160 Speaker 1: there is a concern about the contact that the President 51 00:03:05,240 --> 00:03:07,600 Speaker 1: had in the days leading up to the positive dignosis. 52 00:03:08,600 --> 00:03:10,799 Speaker 1: Global News twenty four hours a day on air and 53 00:03:10,880 --> 00:03:13,519 Speaker 1: on Bloomberg Quick Take, powered by more than the under 54 00:03:13,560 --> 00:03:16,760 Speaker 1: journalist and analysts more than twenty countries. Him Michael Barr, 55 00:03:16,840 --> 00:03:20,320 Speaker 1: this is Bloomberg Nathy. All right, thank you, Michael. Let's 56 00:03:20,320 --> 00:03:22,919 Speaker 1: get more now on the President's health. We are joined 57 00:03:22,960 --> 00:03:26,320 Speaker 1: by Lauren Sauer, the Professor of Emergency Medicine at Johns 58 00:03:26,320 --> 00:03:29,080 Speaker 1: Hopkins Medicine. Lauren, want to thank you for taking the 59 00:03:29,120 --> 00:03:32,000 Speaker 1: time with us this morning. And we've just heard Michael 60 00:03:32,000 --> 00:03:34,160 Speaker 1: Barr reporting that the President is being treated with room 61 00:03:34,200 --> 00:03:37,360 Speaker 1: de severe and he doesn't necessarily need oxygen at this point, 62 00:03:37,720 --> 00:03:39,800 Speaker 1: could you just tell us a bit about what m 63 00:03:39,880 --> 00:03:42,880 Speaker 1: de severe does, what it's about, and what that tells 64 00:03:42,880 --> 00:03:47,880 Speaker 1: you at this point. Yes, so, Um, it's thanks for 65 00:03:47,920 --> 00:03:50,560 Speaker 1: having me. It's interesting to see the President starting on 66 00:03:50,680 --> 00:03:55,720 Speaker 1: ram dezevie UM. The preliminary results that we on ram 67 00:03:55,720 --> 00:03:59,680 Speaker 1: dezevere are good for hospitalized patients. It's interesting because it's 68 00:03:59,720 --> 00:04:02,920 Speaker 1: not an outpatient therapy. It's not something that's approved for 69 00:04:03,520 --> 00:04:05,920 Speaker 1: UM use in the outpatient setting, which may be one 70 00:04:05,920 --> 00:04:09,960 Speaker 1: of the reasons, UM, why he has been taken to 71 00:04:10,040 --> 00:04:14,200 Speaker 1: the hospital. UM. We also saw that he UM was 72 00:04:14,320 --> 00:04:19,000 Speaker 1: put on the Monocla antibody cocktail from regeneron UM. So 73 00:04:19,120 --> 00:04:21,480 Speaker 1: all these together lead us to believe that he is 74 00:04:22,080 --> 00:04:26,560 Speaker 1: probably ill, although obviously not his you know, not in 75 00:04:26,600 --> 00:04:29,080 Speaker 1: any way related to his medical care. I'm not I 76 00:04:29,160 --> 00:04:32,200 Speaker 1: think we related to his medical care. But these these 77 00:04:32,240 --> 00:04:37,440 Speaker 1: novel therapeutics that we're seeing being used UM are still experimental, 78 00:04:37,600 --> 00:04:40,280 Speaker 1: and so I think what we have to understand here 79 00:04:40,320 --> 00:04:43,960 Speaker 1: is he's getting everything we have UM, but that there's 80 00:04:44,000 --> 00:04:48,000 Speaker 1: not much there. Of course, what we've heard from the 81 00:04:48,040 --> 00:04:52,479 Speaker 1: White House is that the president's symptoms are mild. We've 82 00:04:52,520 --> 00:04:56,800 Speaker 1: gotten pretty vague information from officials at the White House 83 00:04:56,880 --> 00:05:01,200 Speaker 1: about the president's condition. What does the type of medicine 84 00:05:01,200 --> 00:05:03,320 Speaker 1: that he's getting now that you've just laid out tell 85 00:05:03,400 --> 00:05:09,200 Speaker 1: you about potentially what his condition could be. UM. Well, 86 00:05:09,279 --> 00:05:12,880 Speaker 1: rom Dezevie UH was one of the first drugs, actually 87 00:05:12,960 --> 00:05:17,720 Speaker 1: the first drug to show moderate effectiveness in improving hospitalized 88 00:05:17,760 --> 00:05:22,320 Speaker 1: patient outcome, and so it was given primarily to hospitalized 89 00:05:22,320 --> 00:05:26,440 Speaker 1: patients who had more advanced stages of COVID nineteen UM 90 00:05:26,520 --> 00:05:29,560 Speaker 1: and and so you know you're you're already in a 91 00:05:29,600 --> 00:05:32,520 Speaker 1: more advanced stage when you're in the hospital. Those patients 92 00:05:32,880 --> 00:05:38,080 Speaker 1: UM showed modest improvement in recovery UM, you know, getting 93 00:05:38,120 --> 00:05:41,280 Speaker 1: out of the hospital earlier, getting their symptoms reduced UM 94 00:05:41,320 --> 00:05:44,440 Speaker 1: compared to the placebo arm of that steady and so UM. 95 00:05:44,680 --> 00:05:48,279 Speaker 1: For me, what I would imagine is that his symptoms 96 00:05:48,360 --> 00:05:50,479 Speaker 1: were bad enough not only to warrant taking him to 97 00:05:50,520 --> 00:05:54,200 Speaker 1: the hospital, possibly UM, that he that that his doctors 98 00:05:54,200 --> 00:05:57,760 Speaker 1: thought he might need oxygen or that he was experiencing 99 00:05:58,120 --> 00:06:01,839 Speaker 1: lessergy or shortness of breath. UM, and so they wanted 100 00:06:01,920 --> 00:06:03,120 Speaker 1: him to be in a place that he could be 101 00:06:03,120 --> 00:06:07,040 Speaker 1: stable and that he could receive these impatient therapies. UM. 102 00:06:07,040 --> 00:06:10,200 Speaker 1: It has to be administered by IVY and so it 103 00:06:10,279 --> 00:06:13,719 Speaker 1: has to be administered uh, you know, primarily in the hospital. 104 00:06:15,040 --> 00:06:19,080 Speaker 1: I wanted to know about how this disease progresses. We've 105 00:06:19,080 --> 00:06:21,679 Speaker 1: been told that the presidents in good spirits. He intends 106 00:06:21,720 --> 00:06:24,400 Speaker 1: to work as he can from the hospital while he 107 00:06:24,520 --> 00:06:28,880 Speaker 1: is there. But when the disease progresses, when COVID nineteen 108 00:06:28,920 --> 00:06:31,240 Speaker 1: takes a hold, it can move fast. Can you give 109 00:06:31,320 --> 00:06:34,960 Speaker 1: us more insight and context about the progress of the 110 00:06:35,040 --> 00:06:37,920 Speaker 1: disease and how long it might take to recover versus 111 00:06:37,920 --> 00:06:44,640 Speaker 1: how quickly it can get worse? Sure? So UM, generally speaking, UM, 112 00:06:44,839 --> 00:06:53,160 Speaker 1: you see UM symptoms two to three days out, uh 113 00:06:53,279 --> 00:06:57,159 Speaker 1: to varying degrees, so you can have UM. Many people 114 00:06:57,640 --> 00:07:01,039 Speaker 1: just have low symptoms in its first days, and then 115 00:07:01,040 --> 00:07:03,560 Speaker 1: the disease agains to progress worse. For some people. It 116 00:07:03,600 --> 00:07:06,200 Speaker 1: obviously does not progress. Some people don't get symptoms at all, 117 00:07:06,760 --> 00:07:09,600 Speaker 1: But we look for those symptoms to show up two 118 00:07:09,720 --> 00:07:12,400 Speaker 1: days to two weeks into the course of their disease, 119 00:07:13,000 --> 00:07:16,720 Speaker 1: UM or people to test positive in that space after exposure. 120 00:07:17,240 --> 00:07:21,640 Speaker 1: And then UM, as the disease progresses, you're what you're 121 00:07:21,640 --> 00:07:25,320 Speaker 1: going to see is UM increased shortness of breath, increase, 122 00:07:25,920 --> 00:07:31,920 Speaker 1: oxygenation challenges, UM, the cost getting worse, muscle aches, embodies, 123 00:07:32,320 --> 00:07:35,560 Speaker 1: aches getting worse, the lessergy getting worse, which worries about 124 00:07:35,920 --> 00:07:39,640 Speaker 1: makes us worry here in this case about confusion, and 125 00:07:39,680 --> 00:07:44,239 Speaker 1: then UM if the trouble breathing or the chest pain 126 00:07:44,360 --> 00:07:47,920 Speaker 1: gets worse, UM, it may mean long involvement, and that 127 00:07:48,120 --> 00:07:52,040 Speaker 1: oftentimes can lead to the mood for supplemental oxygen, so 128 00:07:52,160 --> 00:07:55,640 Speaker 1: oxygen in the hospital and whether that's through a nasal 129 00:07:55,720 --> 00:08:00,480 Speaker 1: canula like that's that you just wear, or UM in 130 00:08:00,520 --> 00:08:05,520 Speaker 1: the worst cases intubation or mechanical ventilation and possibly UM 131 00:08:05,680 --> 00:08:10,440 Speaker 1: eckm um. That's when these patients can get really sick, 132 00:08:10,480 --> 00:08:12,520 Speaker 1: and they can stay really sick for a long time, 133 00:08:12,680 --> 00:08:15,800 Speaker 1: and so you want to sort of get control of 134 00:08:15,840 --> 00:08:21,080 Speaker 1: the disease long before people need UM supplemental oxygen. And 135 00:08:21,120 --> 00:08:24,320 Speaker 1: we're learning more about these patients every day, so UM, 136 00:08:24,360 --> 00:08:26,400 Speaker 1: you know remember that this is a disease that was 137 00:08:26,440 --> 00:08:31,080 Speaker 1: completely new to us just uh seven months ago, and um, 138 00:08:31,120 --> 00:08:35,920 Speaker 1: I'm sorry, uh eleven months ago, and um, you know, 139 00:08:36,160 --> 00:08:40,280 Speaker 1: so the disease progression, we're still seeing cases where it's 140 00:08:40,360 --> 00:08:42,800 Speaker 1: different than what we believe we know to be true 141 00:08:43,040 --> 00:08:46,040 Speaker 1: so far. Um, And so it is a little worrisome 142 00:08:46,160 --> 00:08:49,680 Speaker 1: in a general sense to see to hear about his 143 00:08:49,800 --> 00:08:53,880 Speaker 1: disease progression happening so quickly. But again, we don't know, 144 00:08:53,920 --> 00:08:55,840 Speaker 1: we're not being given the whole picture, or we don't 145 00:08:55,840 --> 00:08:57,920 Speaker 1: know if we're being given this whole picture. So maybe 146 00:08:58,080 --> 00:09:02,280 Speaker 1: that um, he was feeling unwell prior to when we're 147 00:09:02,320 --> 00:09:05,240 Speaker 1: hearing about him beginning to feel un well. We're speaking 148 00:09:05,240 --> 00:09:09,040 Speaker 1: with Lauren Sour, professor of emergency Medicine at Johns Hopkins Medicine. 149 00:09:09,480 --> 00:09:12,280 Speaker 1: Of course, we saw a domino effect just about of 150 00:09:12,760 --> 00:09:15,720 Speaker 1: White House aids and other officials within the White House 151 00:09:15,760 --> 00:09:19,600 Speaker 1: and on Capitol Hill announcing yesterday that they too had 152 00:09:19,679 --> 00:09:23,839 Speaker 1: come down with the coronavirus. Given the incubation period of 153 00:09:23,880 --> 00:09:28,400 Speaker 1: this disease, how many more potential cases could we expect 154 00:09:28,400 --> 00:09:30,360 Speaker 1: to see come out of the White House. Are you 155 00:09:30,400 --> 00:09:33,440 Speaker 1: concerned at all about the protocols that have been in 156 00:09:33,520 --> 00:09:36,320 Speaker 1: place at the White House over the last several months. 157 00:09:37,760 --> 00:09:39,439 Speaker 1: I think many of us have been concerned about the 158 00:09:39,520 --> 00:09:43,760 Speaker 1: protocols UM. You know. I think the biggest lesson that 159 00:09:44,000 --> 00:09:47,280 Speaker 1: UM I hope many people learn from this UM and 160 00:09:47,280 --> 00:09:49,440 Speaker 1: that we've been sort of talking about for a long time, 161 00:09:49,559 --> 00:09:53,160 Speaker 1: is that testing alone will not protect you from the coronavirus. 162 00:09:53,720 --> 00:09:59,160 Speaker 1: Testing helps identify cases of coronavirus. Regular testing helps identify 163 00:09:59,280 --> 00:10:03,360 Speaker 1: cases as early as possible, UM, but it doesn't protect 164 00:10:03,400 --> 00:10:07,120 Speaker 1: you from the asan somatic cases. Oftentimes, it doesn't protect 165 00:10:07,160 --> 00:10:10,680 Speaker 1: you from UM getting the coronavirus if you're exposed to 166 00:10:10,720 --> 00:10:13,320 Speaker 1: someone who's just too early in their disease course to 167 00:10:13,400 --> 00:10:18,800 Speaker 1: test positive. And so what what we've seen in the 168 00:10:18,800 --> 00:10:21,880 Speaker 1: White House and from this administration is a lack of 169 00:10:22,440 --> 00:10:26,200 Speaker 1: social distancing, a lack of mask wearing. I think, UM, 170 00:10:26,240 --> 00:10:28,640 Speaker 1: all things are sort of starting to point to this 171 00:10:28,720 --> 00:10:33,520 Speaker 1: event in the Rose Garden, UM people sitting shoulder to shoulder, 172 00:10:33,559 --> 00:10:36,760 Speaker 1: And yes, while it was outside, when you're that close, UM, 173 00:10:36,840 --> 00:10:41,079 Speaker 1: you can still have high risk exposures. So I hope, 174 00:10:41,120 --> 00:10:43,640 Speaker 1: if nothing else that we we take away from this 175 00:10:44,240 --> 00:10:49,760 Speaker 1: UM that that these other measures wearing the mask, doing 176 00:10:49,760 --> 00:10:54,080 Speaker 1: the public doing the social distancing are critical for keeping 177 00:10:54,160 --> 00:10:58,520 Speaker 1: us safe. And I think we will see many more people. Um. 178 00:10:58,559 --> 00:11:01,280 Speaker 1: I hope not truly, but I think we will see 179 00:11:01,280 --> 00:11:04,000 Speaker 1: many more people from this event and from this sort 180 00:11:04,040 --> 00:11:07,920 Speaker 1: of bubble of the White House gets sick um or 181 00:11:08,000 --> 00:11:12,120 Speaker 1: test positive. And so I'm imagining that the testing has 182 00:11:12,200 --> 00:11:16,280 Speaker 1: increased significantly in this group. But that um, that that 183 00:11:16,360 --> 00:11:19,680 Speaker 1: we will see more positive to come, Professor Sauer, we 184 00:11:19,679 --> 00:11:21,120 Speaker 1: only have about a minute to go, but I did 185 00:11:21,160 --> 00:11:23,720 Speaker 1: want to get a quick question in about what happens next. 186 00:11:23,800 --> 00:11:27,480 Speaker 1: Let's say the President recovers, he's okay, he is discharged 187 00:11:27,520 --> 00:11:30,200 Speaker 1: from the hospital. What might he be dealing with after 188 00:11:30,600 --> 00:11:35,320 Speaker 1: getting over the virus um. We've heard of profound weakness 189 00:11:35,320 --> 00:11:38,839 Speaker 1: and people for quat time time after COVID pieces people 190 00:11:38,840 --> 00:11:41,240 Speaker 1: saying that they don't they kind of just don't feel 191 00:11:41,320 --> 00:11:45,080 Speaker 1: quite right. Um. And you know, there are these patients 192 00:11:45,120 --> 00:11:48,600 Speaker 1: who are experiencing what some are calling long covid, which 193 00:11:48,679 --> 00:11:55,120 Speaker 1: is a very protracted symptomatic um course of the of 194 00:11:55,160 --> 00:11:59,840 Speaker 1: the disease. So to long covid um means you experience 195 00:12:00,000 --> 00:12:02,720 Speaker 1: of symptoms for a very extended period of time, you 196 00:12:02,760 --> 00:12:07,400 Speaker 1: don't fully recover UM. And and the CDC and other 197 00:12:07,600 --> 00:12:10,440 Speaker 1: agencies are actively working on what that means for the disease, 198 00:12:10,760 --> 00:12:13,920 Speaker 1: for the people who have experienced the disease. He could 199 00:12:14,200 --> 00:12:18,080 Speaker 1: feel short of breath for a very long time, which 200 00:12:18,080 --> 00:12:20,880 Speaker 1: would make doing things like standing for a long periods 201 00:12:20,880 --> 00:12:24,480 Speaker 1: of time at a debate really challenging. Um and even 202 00:12:24,559 --> 00:12:26,800 Speaker 1: and if he you know, a few for example, progressive 203 00:12:26,880 --> 00:12:29,680 Speaker 1: to the I see you, that could mean that could 204 00:12:29,760 --> 00:12:32,600 Speaker 1: mean he's feeling you know that that his recovery in 205 00:12:32,640 --> 00:12:34,920 Speaker 1: the hospital alone, let alone out of the hospital, could 206 00:12:35,040 --> 00:12:38,280 Speaker 1: could last for a very long time. Laurence Sour, Professor 207 00:12:38,280 --> 00:12:41,960 Speaker 1: of Emergency Medicine at Johns Hopkins Medicine. Again, thank you 208 00:12:42,040 --> 00:12:44,720 Speaker 1: so much for your insights on this early Saturday morning. 209 00:12:45,160 --> 00:12:48,360 Speaker 1: Much appreciated. And coming up next on this Bloomberg day 210 00:12:48,360 --> 00:12:52,480 Speaker 1: Break special report, the political fallout. Terry Haynes, founder of 211 00:12:52,480 --> 00:12:54,920 Speaker 1: Pangia Policy, will join us to break down the situation 212 00:12:54,960 --> 00:12:58,400 Speaker 1: and what it means for November three. This is Bloomberg. 213 00:13:00,320 --> 00:13:03,520 Speaker 1: This is a Bloomberg Daybreak special report. It is six 214 00:13:03,600 --> 00:13:07,079 Speaker 1: seventeen on Wall Street. I'm Nathan Hagar him maybe Morris. 215 00:13:07,080 --> 00:13:09,480 Speaker 1: President Trump has been admitted to the hospital to be 216 00:13:09,520 --> 00:13:12,920 Speaker 1: treated for COVID nineteen. It's a development that threatens to 217 00:13:13,080 --> 00:13:16,040 Speaker 1: upend the president's re election campaign in the weeks ahead. 218 00:13:16,559 --> 00:13:18,520 Speaker 1: Let's get bored on that in a moment. For first 219 00:13:18,559 --> 00:13:21,160 Speaker 1: the latest on the health of the president. For that, 220 00:13:21,200 --> 00:13:24,439 Speaker 1: we're joined live by Bloomberg's Michael Barr. Michael, thank you 221 00:13:24,559 --> 00:13:27,320 Speaker 1: very much. Amy. President Donald Trump arrived at Walter Read 222 00:13:27,440 --> 00:13:30,760 Speaker 1: National Military Medical Center on Friday to be treated over 223 00:13:30,800 --> 00:13:35,000 Speaker 1: the coming days for COVID nineteen, signaling growing concern about 224 00:13:35,040 --> 00:13:38,360 Speaker 1: the severity of his illness. Medical specialists have elected to 225 00:13:38,400 --> 00:13:43,000 Speaker 1: start rim dissevere the therapy for President Trump. After leaving 226 00:13:43,000 --> 00:13:46,200 Speaker 1: the White House by helicopter, Trump tweeted a video which 227 00:13:46,240 --> 00:13:48,720 Speaker 1: he said, I think I'm doing very well. The President 228 00:13:48,760 --> 00:13:51,480 Speaker 1: went on to say that we're going to make sure 229 00:13:51,559 --> 00:13:54,360 Speaker 1: that things work out. The first Lady is doing very well. 230 00:13:54,840 --> 00:13:58,640 Speaker 1: Former Trump campaign manager Kelly Anne Conway says she has 231 00:13:58,679 --> 00:14:03,400 Speaker 1: tested positive for COVID nineteen and is experiencing mild symptoms. 232 00:14:03,640 --> 00:14:06,040 Speaker 1: Global News twenty four hours a day on air, Dan 233 00:14:06,120 --> 00:14:09,240 Speaker 1: on Bloomberg Quick Tank, powered by more than journalists and 234 00:14:09,240 --> 00:14:13,200 Speaker 1: analysts more than twenty countries. Michael Barr, this is Bloomberg. 235 00:14:13,280 --> 00:14:16,800 Speaker 1: Nathan Okay Michael, thank you. While the president receives treatment 236 00:14:16,800 --> 00:14:19,360 Speaker 1: at well to read, the political calendar stops for no 237 00:14:19,480 --> 00:14:23,320 Speaker 1: one and nothing. We are exactly one month away this 238 00:14:23,400 --> 00:14:26,680 Speaker 1: morning from the election. For the political implications of all 239 00:14:26,720 --> 00:14:29,320 Speaker 1: of this, we're joined now by Terry Haines, founder of 240 00:14:29,360 --> 00:14:33,840 Speaker 1: Pangaea Policy. It's sort of funny to imagine, Terry, that 241 00:14:34,040 --> 00:14:36,280 Speaker 1: just a couple of days ago we were talking about 242 00:14:36,280 --> 00:14:41,120 Speaker 1: the president's debate performance, the Supreme Court nomination, UH hopes 243 00:14:41,280 --> 00:14:44,520 Speaker 1: that the president would be able to pivot from the coronavirus, 244 00:14:44,640 --> 00:14:48,120 Speaker 1: And now it seems like we can't avoid talking about 245 00:14:48,160 --> 00:14:52,600 Speaker 1: anything but this. Good morning, Nathan, and yeah, those were 246 00:14:52,600 --> 00:14:58,280 Speaker 1: good times, right, uh so long ago. Uh yeah, it's uh, 247 00:14:58,360 --> 00:15:00,920 Speaker 1: we can't pivot from talking about it, think but this, 248 00:15:01,080 --> 00:15:05,520 Speaker 1: but uh we probably are because that this is all 249 00:15:05,560 --> 00:15:08,200 Speaker 1: going to take place from now on out into a 250 00:15:08,280 --> 00:15:12,080 Speaker 1: larger political context. And frankly one that's uh one that's 251 00:15:12,160 --> 00:15:16,840 Speaker 1: very tight. Uh. You have in battleground states. You have 252 00:15:17,280 --> 00:15:20,920 Speaker 1: Vice President Biden up a cumulative kind of marginal error 253 00:15:20,920 --> 00:15:24,400 Speaker 1: about three and a half percent. The president as of 254 00:15:24,480 --> 00:15:27,600 Speaker 1: this morning is doing marginally better, about a half a 255 00:15:27,640 --> 00:15:31,920 Speaker 1: point or so better than uh Secretary Clinton was in sixteen, 256 00:15:32,680 --> 00:15:35,400 Speaker 1: and you have a lot of polls suggesting that even 257 00:15:35,440 --> 00:15:39,400 Speaker 1: the national the national outlook, which I think is a 258 00:15:39,440 --> 00:15:42,880 Speaker 1: beauty contest and nothing more, but it's kind of ranges 259 00:15:42,920 --> 00:15:45,200 Speaker 1: between four and seven points. So we were we were 260 00:15:45,200 --> 00:15:49,600 Speaker 1: at a moment where the race was tightening and we'll 261 00:15:49,640 --> 00:15:53,600 Speaker 1: probably remain so I think, frankly for the for the 262 00:15:53,640 --> 00:15:57,120 Speaker 1: for the rest of the campaigns, Terry, the president's diagnosis 263 00:15:57,160 --> 00:15:59,720 Speaker 1: perhaps not moving the needle among voters, but is it 264 00:16:00,080 --> 00:16:04,040 Speaker 1: think the needle among lawmakers. I'm wondering about talks with 265 00:16:04,240 --> 00:16:07,080 Speaker 1: the stimulus. Is there's still any chance that we'll be 266 00:16:07,120 --> 00:16:10,360 Speaker 1: getting one? Has it changed those odds? Good morning, Amy, 267 00:16:10,400 --> 00:16:13,280 Speaker 1: and I'm I've been barished on the stimulus for over 268 00:16:13,320 --> 00:16:17,280 Speaker 1: a month now, and I remained so I I raised 269 00:16:17,320 --> 00:16:19,640 Speaker 1: my odds. I was at a recently as a week 270 00:16:19,720 --> 00:16:22,400 Speaker 1: or so ago, wasn't about ten percent. I raised them 271 00:16:22,440 --> 00:16:24,720 Speaker 1: to forty. But I raised them to forty percent the 272 00:16:24,760 --> 00:16:28,720 Speaker 1: other day, largely because of the possibility of political stupidity, 273 00:16:28,760 --> 00:16:31,400 Speaker 1: which which you know is always lurking out there. But 274 00:16:31,720 --> 00:16:35,040 Speaker 1: uh uh, But I think the what you have is 275 00:16:35,080 --> 00:16:38,320 Speaker 1: a couple of things going. One is that you have 276 00:16:38,680 --> 00:16:43,040 Speaker 1: both parties splinter Republicans, we know are splendored because some 277 00:16:43,120 --> 00:16:44,600 Speaker 1: don't want to build at all and some want a 278 00:16:44,640 --> 00:16:48,400 Speaker 1: small bill. Democrats are also splintered. The reason why Speaker 279 00:16:48,400 --> 00:16:51,000 Speaker 1: Pelosi's at the table has everything to do with her 280 00:16:51,080 --> 00:16:54,960 Speaker 1: vulnerable centrists who are actually are the are the majority 281 00:16:55,000 --> 00:16:58,640 Speaker 1: in the House, thirty or so centrists, a majority of 282 00:16:58,760 --> 00:17:01,960 Speaker 1: roughly fifteen, uh, saying look, you know we're you know, 283 00:17:02,000 --> 00:17:04,560 Speaker 1: we're getting beat up out here. Are our districts needed? 284 00:17:04,640 --> 00:17:06,240 Speaker 1: We have to do something. So all of a sudden, 285 00:17:06,240 --> 00:17:10,040 Speaker 1: Pelosi comes down by a trillion dollars from a number 286 00:17:10,080 --> 00:17:13,000 Speaker 1: that she didn't want to come down from before. But 287 00:17:13,080 --> 00:17:16,000 Speaker 1: you know it's not you know, the say the political 288 00:17:16,000 --> 00:17:19,520 Speaker 1: signal that sends uh is that Republicans shouldn't make a 289 00:17:19,520 --> 00:17:23,119 Speaker 1: deal because if the House is in play as a 290 00:17:23,160 --> 00:17:26,040 Speaker 1: result of these these folks feeling pressure, well then you know, 291 00:17:26,040 --> 00:17:27,679 Speaker 1: maybe they can pick up some seats, maybe they can 292 00:17:27,680 --> 00:17:30,320 Speaker 1: pick up the House majority. It doesn't take much. So 293 00:17:30,800 --> 00:17:33,520 Speaker 1: you know how I look at this overall, is Pelosi 294 00:17:33,560 --> 00:17:35,800 Speaker 1: do a much you can get a deal for her centrists? 295 00:17:36,520 --> 00:17:39,880 Speaker 1: Minution and the President wanting to do whatever they can 296 00:17:40,000 --> 00:17:43,080 Speaker 1: to uh. Tell the markets they're continuing to work on it, 297 00:17:43,119 --> 00:17:44,960 Speaker 1: and if they can get Pelosi to cave, they you 298 00:17:44,960 --> 00:17:47,359 Speaker 1: know they you know, they'd be happy to do it. 299 00:17:48,080 --> 00:17:51,199 Speaker 1: But Republicans still not in their political interests to actually 300 00:17:51,240 --> 00:17:54,400 Speaker 1: do something. So I'm still barish on this before the election. 301 00:17:54,480 --> 00:17:58,400 Speaker 1: I certainly think a deal gets gets done after the election. Finally, 302 00:17:58,520 --> 00:18:00,560 Speaker 1: I want to say to you that Pelosi did something 303 00:18:00,600 --> 00:18:04,199 Speaker 1: important yesterday that I think supports my theory, which is 304 00:18:04,800 --> 00:18:09,280 Speaker 1: announced that she would agree to an airline bailout separate 305 00:18:09,359 --> 00:18:13,760 Speaker 1: from the stimulus overall. UH. Anytime a politician is breaking 306 00:18:13,800 --> 00:18:17,280 Speaker 1: off a large piece of her leverage and using it 307 00:18:18,040 --> 00:18:21,120 Speaker 1: as a standalone, that tells you that the bigger bill 308 00:18:21,200 --> 00:18:24,359 Speaker 1: is probably in trouble. So we might get a piecemeal 309 00:18:24,400 --> 00:18:29,480 Speaker 1: approach on stimulus. Perhaps. What about the Supreme Court confirmation 310 00:18:29,680 --> 00:18:32,800 Speaker 1: fight coming up in less than two weeks now. A 311 00:18:32,880 --> 00:18:36,320 Speaker 1: couple of members of the Senate Judiciary Committee have also 312 00:18:36,480 --> 00:18:40,320 Speaker 1: come down with the coronavirus. Does that put UH Senate 313 00:18:40,400 --> 00:18:45,919 Speaker 1: Judiciary Chairman Lindsay Graham's calendar in jeopardy right now? I 314 00:18:45,920 --> 00:18:49,639 Speaker 1: think it does not. H My I still remain to 315 00:18:49,680 --> 00:18:54,800 Speaker 1: the view that JOHJ. Barrett is about likely to be confirmed. UH. 316 00:18:54,840 --> 00:18:58,520 Speaker 1: You know, Republicans have enough votes. They seem like they're 317 00:18:58,560 --> 00:19:00,800 Speaker 1: all going to be in favor of Barrett, even though 318 00:19:00,800 --> 00:19:04,400 Speaker 1: they quite properly uh say that they're going to hold 319 00:19:04,440 --> 00:19:07,800 Speaker 1: their hold their powdern until after the hearings. Uh. They've 320 00:19:07,840 --> 00:19:10,359 Speaker 1: confirmed her three or three years ago, so you know, 321 00:19:10,400 --> 00:19:13,320 Speaker 1: there's a high degree of confidence that they will continue 322 00:19:14,240 --> 00:19:17,639 Speaker 1: along that line. But at the same time, the Senate 323 00:19:17,680 --> 00:19:21,320 Speaker 1: Judiciary Committee can do virtual hearings uh, and you know 324 00:19:21,520 --> 00:19:25,119 Speaker 1: and pipe in senators virtually. Uh. They've done that before. 325 00:19:25,160 --> 00:19:28,560 Speaker 1: Other Senate committees have done that before. So the mere 326 00:19:28,600 --> 00:19:32,919 Speaker 1: fact of a couple of lawmakers testing positive, regardless of 327 00:19:32,960 --> 00:19:37,640 Speaker 1: party or anything else, doesn't doesn't disqualify those hearings from 328 00:19:37,680 --> 00:19:41,399 Speaker 1: going forward. And you know, the real question is whether 329 00:19:41,440 --> 00:19:44,639 Speaker 1: you're going to have enough votes physically on the floor 330 00:19:44,720 --> 00:19:48,280 Speaker 1: of the Senate in a in a few weeks, because uh, 331 00:19:48,400 --> 00:19:53,240 Speaker 1: the Senate has not to date put virtual voting in place, 332 00:19:53,680 --> 00:19:56,880 Speaker 1: so uh, they're gonna need to be present and accounted 333 00:19:56,880 --> 00:19:59,919 Speaker 1: for whenever they vote, and that and that's the real 334 00:20:00,080 --> 00:20:03,920 Speaker 1: sticking point. All right. We have been talking with Terry Haynes, 335 00:20:03,960 --> 00:20:06,600 Speaker 1: founder of Pangia Policy. Terry, want to thank you for 336 00:20:06,680 --> 00:20:10,160 Speaker 1: joining us this morning with your inside into this looking 337 00:20:10,200 --> 00:20:14,760 Speaker 1: into how the president's health right now and being hospitalized 338 00:20:15,000 --> 00:20:19,560 Speaker 1: at Walter Reid is impacting everything from the election, but 339 00:20:19,640 --> 00:20:22,399 Speaker 1: also the odds of getting a stimulus and what is 340 00:20:22,400 --> 00:20:24,280 Speaker 1: going on with the Supreme Court. We're gonna keep an 341 00:20:24,280 --> 00:20:26,560 Speaker 1: eye on that for you, and much more still to come. 342 00:20:26,800 --> 00:20:29,680 Speaker 1: On this Bloomberg Daybreak special report. Coming up, we're gonna 343 00:20:29,720 --> 00:20:32,520 Speaker 1: talk about the President's treatment. We'll be talking with Andy 344 00:20:32,560 --> 00:20:35,760 Speaker 1: Peckos from the Johns Hopkins Bloomberg School of Public Health. 345 00:20:36,080 --> 00:20:38,920 Speaker 1: He'll be joining us to talk more about the President's condition, 346 00:20:39,119 --> 00:20:42,040 Speaker 1: the type of treatment that is underway at Walter Reed 347 00:20:42,119 --> 00:20:45,720 Speaker 1: Medical Center, and perhaps what might maybe facing the president 348 00:20:45,800 --> 00:20:49,320 Speaker 1: health wise once he recovers. I'm Amy Morris alongside Nathan 349 00:20:49,359 --> 00:20:52,439 Speaker 1: Hagar and Michael Barr. Stay with us. It is on 350 00:20:52,440 --> 00:21:01,080 Speaker 1: Wall Street. This is Bloomberg. They is a Bloomberg day 351 00:21:01,080 --> 00:21:03,840 Speaker 1: Break special report. It is six thirty on Wall Street. 352 00:21:03,920 --> 00:21:07,040 Speaker 1: I'm Nathan Hager, I'm Amy Morris. President Trump is at 353 00:21:07,080 --> 00:21:10,720 Speaker 1: Walter Reid Medical Center receiving treatment for COVID nineteen after 354 00:21:10,760 --> 00:21:14,399 Speaker 1: his diagnosis yesterday morning. Coming up, I'll look at the 355 00:21:14,560 --> 00:21:17,800 Speaker 1: range of treatment options available to the President but first 356 00:21:17,840 --> 00:21:19,719 Speaker 1: let's get the latest on his health. For that, we're 357 00:21:19,800 --> 00:21:23,560 Speaker 1: joined live by Bloomberg's Michael Barr. Michael, thank you very much. Amy. 358 00:21:23,760 --> 00:21:27,359 Speaker 1: Democrat Joe Biden is offering sympathy to President Donald Trump 359 00:21:27,400 --> 00:21:31,119 Speaker 1: over his coronavirus diagnosis, while casting the moment as a 360 00:21:31,160 --> 00:21:35,200 Speaker 1: reminder of the health crisis facing the United States. Shortly 361 00:21:35,240 --> 00:21:37,679 Speaker 1: after the White House announced that Trump would spend a 362 00:21:37,720 --> 00:21:41,119 Speaker 1: few days at Walter Reid National Military Medical Center, the 363 00:21:41,160 --> 00:21:44,320 Speaker 1: Biden campaign said it would take down its negative advertising. 364 00:21:44,680 --> 00:21:47,840 Speaker 1: Biden said from the battleground state of Michigan that it 365 00:21:47,920 --> 00:21:51,200 Speaker 1: cannot be a partisan moment and that Americans must come 366 00:21:51,200 --> 00:21:54,480 Speaker 1: together as a nation. I want to say, God, bless you. 367 00:21:54,880 --> 00:21:57,480 Speaker 1: Thank God protect the First family and every family is 368 00:21:57,520 --> 00:22:00,520 Speaker 1: dealing with this virus, and may God protect our truth. 369 00:22:01,320 --> 00:22:03,359 Speaker 1: Global News twenty four hours a day on air and 370 00:22:03,480 --> 00:22:06,800 Speaker 1: on Bloomberg Quick Take, powered by more than twenty journalist 371 00:22:06,800 --> 00:22:10,920 Speaker 1: and analysts more than twenty countries. Michael Barr, this is Bloomberg. Amy, 372 00:22:11,040 --> 00:22:13,480 Speaker 1: All right, thank you, Michael. We turned now from politics 373 00:22:13,560 --> 00:22:16,240 Speaker 1: to medicine, taking a look at the condition of the 374 00:22:16,280 --> 00:22:18,920 Speaker 1: President and the treatments at his disposal at Wall to 375 00:22:19,000 --> 00:22:21,840 Speaker 1: read or that we are joined by Andy Pecos, the 376 00:22:21,880 --> 00:22:26,119 Speaker 1: professor of molecular microbiology and immunoalogy at Johns Hopkins Bloomberg 377 00:22:26,160 --> 00:22:28,399 Speaker 1: School of Public Health. And don't want to thank you 378 00:22:28,440 --> 00:22:30,520 Speaker 1: for taking the time with us this morning. And just 379 00:22:30,720 --> 00:22:33,199 Speaker 1: right off the bat, we've been told this morning the 380 00:22:33,200 --> 00:22:37,199 Speaker 1: President is being treated with rim deservere and doesn't need oxygen. 381 00:22:37,359 --> 00:22:39,880 Speaker 1: At this point, I want to get your insight into 382 00:22:39,920 --> 00:22:43,119 Speaker 1: what that tells you about being treated with this drug 383 00:22:43,160 --> 00:22:46,600 Speaker 1: and if it uh is one of the better drugs 384 00:22:46,600 --> 00:22:50,160 Speaker 1: out there, if it's experimental, where do we stand with this? Yeah, 385 00:22:50,200 --> 00:22:52,840 Speaker 1: so you know, at the early stages of an infection, 386 00:22:52,840 --> 00:22:56,080 Speaker 1: which is where the President is right now, treatment should 387 00:22:56,080 --> 00:22:59,280 Speaker 1: be focused on things that will directly affect the virus. 388 00:23:00,160 --> 00:23:02,560 Speaker 1: Rem Desiviere is one of the drugs that have shown 389 00:23:02,880 --> 00:23:06,680 Speaker 1: a good signal of efficacy in terms of reducing virus replication, 390 00:23:07,200 --> 00:23:11,720 Speaker 1: again particularly if it's given early after diagnosis. The President 391 00:23:11,760 --> 00:23:15,600 Speaker 1: also received an antibody cocktail from a company called Regeneration, 392 00:23:15,680 --> 00:23:20,919 Speaker 1: which is again specifically designed antibodies that are going to 393 00:23:21,000 --> 00:23:24,440 Speaker 1: neutralize the virus and lower the amount of virus that's 394 00:23:24,440 --> 00:23:27,040 Speaker 1: in the president system. So both of those things are 395 00:23:27,119 --> 00:23:32,240 Speaker 1: perfectly acceptable, perfectly reasonable and probably recommended things UM at 396 00:23:32,280 --> 00:23:35,959 Speaker 1: this early stage of his disease. What do we know 397 00:23:36,080 --> 00:23:39,919 Speaker 1: about the effectiveness of those drugs specifically? We've heard the 398 00:23:40,040 --> 00:23:44,040 Speaker 1: names a lot, but you know, these these treatments are 399 00:23:44,119 --> 00:23:46,320 Speaker 1: so new that I think maybe a lot of our 400 00:23:46,359 --> 00:23:52,800 Speaker 1: listeners might not know exactly just how effective these medications are, 401 00:23:52,840 --> 00:23:58,040 Speaker 1: what the clinical proof behind them is. So both medications 402 00:23:58,080 --> 00:24:01,560 Speaker 1: are relatively new, they're in their experimental phase right now 403 00:24:01,640 --> 00:24:05,280 Speaker 1: and in various phases of clinical trials to get the 404 00:24:05,400 --> 00:24:10,320 Speaker 1: data that's needed to make them more widely available to individuals. UM. 405 00:24:10,359 --> 00:24:13,320 Speaker 1: We know that they're both relatively safe from the signatures 406 00:24:13,320 --> 00:24:16,880 Speaker 1: that we've already seen in their in their clinical trials, 407 00:24:16,960 --> 00:24:18,680 Speaker 1: and that's of course the first and the most important 408 00:24:18,680 --> 00:24:23,880 Speaker 1: thing UM. And again, the both had evidence of efficacy 409 00:24:24,240 --> 00:24:28,000 Speaker 1: in small scale trials, but not the trials needed to 410 00:24:28,320 --> 00:24:33,040 Speaker 1: UM really make these treatments UM widespread in the in 411 00:24:33,040 --> 00:24:36,280 Speaker 1: the population. So this is probably one of those safe 412 00:24:36,320 --> 00:24:39,800 Speaker 1: things to do it, and it's best to do this early. UM. 413 00:24:39,840 --> 00:24:42,200 Speaker 1: There's very right now. We think that there's very little 414 00:24:42,240 --> 00:24:46,960 Speaker 1: downside with either of these treatments and potentially big upside, 415 00:24:47,200 --> 00:24:49,680 Speaker 1: and I think that's where the decision for treating him 416 00:24:49,680 --> 00:24:52,640 Speaker 1: has come in. I want to look into what may 417 00:24:52,680 --> 00:24:55,719 Speaker 1: be happening next. And we've talked about this before as 418 00:24:55,760 --> 00:24:59,320 Speaker 1: far as antibodies and vaccination. There are several people in 419 00:24:59,320 --> 00:25:02,160 Speaker 1: the White House tested positive, the President, the first Lady 420 00:25:02,359 --> 00:25:06,040 Speaker 1: Whole Picks, Bill Steppi, and Kelly and Conway. Those numbers 421 00:25:06,240 --> 00:25:09,439 Speaker 1: may actually increase. So from your point of view, can 422 00:25:09,520 --> 00:25:12,680 Speaker 1: you let's let's say they all recover, will they then 423 00:25:12,760 --> 00:25:17,359 Speaker 1: present with added bodies and then have some form of protection. Yeah, 424 00:25:17,400 --> 00:25:21,160 Speaker 1: So the data right now is UM not not very 425 00:25:21,240 --> 00:25:24,320 Speaker 1: clear as to how well protected you are after your 426 00:25:24,359 --> 00:25:28,760 Speaker 1: first infection. UM. We and other groups all across the 427 00:25:28,800 --> 00:25:31,600 Speaker 1: country have been studying people who recover from infection and 428 00:25:31,640 --> 00:25:35,480 Speaker 1: we see a very wide response. UM. Some people maintain 429 00:25:35,600 --> 00:25:40,400 Speaker 1: high levels of antibodies, some people's antibodies rocked down relatively low. UM. 430 00:25:40,440 --> 00:25:43,560 Speaker 1: Many people develop other arms of their immune system called 431 00:25:43,840 --> 00:25:48,720 Speaker 1: cellular immunity, to relatively strong levels too. The most important 432 00:25:48,720 --> 00:25:51,119 Speaker 1: thing to remember is you know your body's immune system 433 00:25:51,119 --> 00:25:54,760 Speaker 1: will always remember the first infection. So even if there 434 00:25:54,800 --> 00:25:59,040 Speaker 1: isn't a good signature from these from people who are 435 00:25:59,080 --> 00:26:02,320 Speaker 1: who who are recover from an infection, their body will 436 00:26:02,320 --> 00:26:04,840 Speaker 1: remember that, they'll have what we call a memory response, 437 00:26:04,880 --> 00:26:07,680 Speaker 1: and then next time they see the virus, their antibodies 438 00:26:07,720 --> 00:26:10,840 Speaker 1: and other things will will boost up much much more faster. 439 00:26:11,760 --> 00:26:14,720 Speaker 1: So there really isn't going to be We can't say 440 00:26:14,800 --> 00:26:18,480 Speaker 1: right now that a person who is infected once can't 441 00:26:18,520 --> 00:26:21,399 Speaker 1: ever get infected again, but there's a high probability that 442 00:26:21,480 --> 00:26:26,959 Speaker 1: those people will be relatively resistant from infection, and if 443 00:26:26,960 --> 00:26:30,920 Speaker 1: they do get infected, they'll probably suffer much more less 444 00:26:30,920 --> 00:26:35,320 Speaker 1: severe symptoms. The President is seventy four years old. The 445 00:26:35,400 --> 00:26:37,760 Speaker 1: last time he had a physical he weighed more than 446 00:26:37,800 --> 00:26:42,800 Speaker 1: two d forty pounds. Given those coal morbidities, Professor peck Osh, 447 00:26:43,119 --> 00:26:48,359 Speaker 1: what kind of lasting effect could this virus have on 448 00:26:48,600 --> 00:26:52,240 Speaker 1: his body after he recovers. Yeah, so this, this long 449 00:26:52,320 --> 00:26:55,040 Speaker 1: term effect of the disease is something that is being 450 00:26:55,160 --> 00:26:59,600 Speaker 1: documented right now. UM in many individuals who are infected UM, 451 00:26:59,640 --> 00:27:05,119 Speaker 1: and those can include fatigue, they can include um, UM, 452 00:27:05,119 --> 00:27:09,000 Speaker 1: heart issues, and a whole range of other issues. Now 453 00:27:09,320 --> 00:27:13,320 Speaker 1: they appear in a small percentage of individuals, but not 454 00:27:13,440 --> 00:27:17,480 Speaker 1: a a percentage that we should ignore UM. All of 455 00:27:17,480 --> 00:27:19,560 Speaker 1: those things are are things that we don't know how 456 00:27:19,560 --> 00:27:22,720 Speaker 1: to treat yet. UM and We don't understand how the 457 00:27:23,000 --> 00:27:27,120 Speaker 1: how the virus is causing the these long term symptoms 458 00:27:27,119 --> 00:27:31,480 Speaker 1: and this disease and other organs outside of the respiratory tract. 459 00:27:31,680 --> 00:27:33,200 Speaker 1: You know, we have a pretty good idea what's going 460 00:27:33,200 --> 00:27:36,120 Speaker 1: on within the respiratory tract in the early stages of infection, 461 00:27:36,480 --> 00:27:38,760 Speaker 1: but why the virus is causing such a we cause 462 00:27:38,800 --> 00:27:42,560 Speaker 1: systemic disease, a disease and other organs is still unclear. 463 00:27:43,880 --> 00:27:46,560 Speaker 1: Very briefly, I wanted to get into the spread of 464 00:27:46,880 --> 00:27:51,159 Speaker 1: COVID nineteen. The President, his family, their entourage maskless on 465 00:27:51,240 --> 00:27:54,320 Speaker 1: multiple occasions. We've seen them traveling, We've seen them at rallies. 466 00:27:54,600 --> 00:27:57,800 Speaker 1: Do you anticipate more cases coming? It would not be 467 00:27:57,840 --> 00:28:01,280 Speaker 1: surprising if you saw more cases, I think. Besides, uh, 468 00:28:01,800 --> 00:28:04,879 Speaker 1: remembering that we were all interested in making sure the 469 00:28:04,880 --> 00:28:07,639 Speaker 1: President recovers well from this infection and all of the 470 00:28:07,680 --> 00:28:10,680 Speaker 1: rest of the staff can recover from infection as well. 471 00:28:11,080 --> 00:28:15,080 Speaker 1: It's important that the contact tracing gets into full gear 472 00:28:15,200 --> 00:28:18,880 Speaker 1: right now to really identify who has been exposed, who 473 00:28:18,920 --> 00:28:22,119 Speaker 1: has infected, put them into isolation, and to lower the 474 00:28:22,200 --> 00:28:24,720 Speaker 1: number of cases that are going to occur within the 475 00:28:24,760 --> 00:28:29,480 Speaker 1: White House. Obviously, White House is incredibly important UM in 476 00:28:29,560 --> 00:28:32,280 Speaker 1: terms of our federal government, and there has to be 477 00:28:32,320 --> 00:28:34,880 Speaker 1: an active method going out there right now to identify 478 00:28:34,920 --> 00:28:39,120 Speaker 1: all the individuals potentially infected, isolate them, test them, and 479 00:28:39,160 --> 00:28:42,320 Speaker 1: then go forward with UM with being able to resume 480 00:28:42,480 --> 00:28:45,520 Speaker 1: some level of activity there. I will mention one thing. 481 00:28:46,560 --> 00:28:50,000 Speaker 1: None of the interventions that we use for COVID nineteen 482 00:28:50,080 --> 00:28:55,920 Speaker 1: is effective. It's the combination of masking, social distancing, no 483 00:28:56,120 --> 00:28:59,920 Speaker 1: large events, and then testing when appropriate. All those things 484 00:29:00,000 --> 00:29:02,840 Speaker 1: together give us a high confidence of being able to 485 00:29:02,920 --> 00:29:05,680 Speaker 1: identify and contain the virus. But no one of those 486 00:29:05,720 --> 00:29:08,720 Speaker 1: things alone is enough to give us a high level 487 00:29:08,720 --> 00:29:13,400 Speaker 1: of protection. And those kinds of guidances have implications not 488 00:29:13,560 --> 00:29:16,200 Speaker 1: just for the workings of the White House, but for 489 00:29:16,240 --> 00:29:20,000 Speaker 1: the campaign going forward now just less than just about 490 00:29:20,080 --> 00:29:24,360 Speaker 1: a month awayne now, Eddie Pecosh, Professor of molecular microbiology 491 00:29:24,360 --> 00:29:28,080 Speaker 1: and Immunology at Johns Hopkins Bloomberg School of Public Health. 492 00:29:28,160 --> 00:29:32,160 Speaker 1: We get your your insights frequently on Bloomberg Daybreak, and 493 00:29:32,200 --> 00:29:35,120 Speaker 1: we thank you for providing the to us UH this 494 00:29:35,200 --> 00:29:38,760 Speaker 1: morning as well. Coming up in the minutes ahead on 495 00:29:38,800 --> 00:29:42,280 Speaker 1: this Bloomberg Daybreak special report, we will continue to look 496 00:29:42,280 --> 00:29:44,800 Speaker 1: at the fallout within the walls of the White House. 497 00:29:45,040 --> 00:29:47,640 Speaker 1: How the executive branch plans to push on as the 498 00:29:47,680 --> 00:29:51,640 Speaker 1: commander in chief receives treatment. I'm Nathan Hagar alongside Amy 499 00:29:51,680 --> 00:29:54,160 Speaker 1: Morris and Michael Barr. It is six thirty nine on 500 00:29:54,200 --> 00:30:00,760 Speaker 1: Wall Street. This is Bloomberg. This is a Bloomberg Day 501 00:30:00,760 --> 00:30:05,120 Speaker 1: Break special report. It's sixty on Wall Street. I'm Nathan Hagar, 502 00:30:05,440 --> 00:30:08,320 Speaker 1: I'm Amy Morris. President Trump has been admitted to the 503 00:30:08,360 --> 00:30:11,640 Speaker 1: hospital to be treated for COVID nineteen, a development that 504 00:30:11,680 --> 00:30:15,400 Speaker 1: threatens to upend operations at the White House in coming days. 505 00:30:15,720 --> 00:30:17,520 Speaker 1: We'll get more on that in just a moment, but 506 00:30:17,600 --> 00:30:20,400 Speaker 1: first the latest on the health of the President. For that, 507 00:30:20,400 --> 00:30:23,600 Speaker 1: We're joined live by Bloomberg's Michael Barr. Michael, thank you 508 00:30:23,680 --> 00:30:27,160 Speaker 1: very much. Amy. Stricken by COVID nineteen a feverish and fatigue, 509 00:30:27,200 --> 00:30:30,280 Speaker 1: President Donald Trump was flown to a military hospital where 510 00:30:30,280 --> 00:30:34,640 Speaker 1: he is being given m dissevere therapy after being injected 511 00:30:34,640 --> 00:30:37,680 Speaker 1: with an experimental drug combination in a treatment at the 512 00:30:37,720 --> 00:30:41,160 Speaker 1: White House. The President released a video thanking people for 513 00:30:41,240 --> 00:30:44,240 Speaker 1: their support and saying he was going to Walter read 514 00:30:44,320 --> 00:30:47,800 Speaker 1: as a precaution. I think I'm doing very well, but 515 00:30:48,040 --> 00:30:50,680 Speaker 1: We're going to make sure that things work out. The 516 00:30:50,760 --> 00:30:54,240 Speaker 1: first Lady is doing very well. It is now said 517 00:30:54,320 --> 00:30:58,600 Speaker 1: that former Trump campaign manager Kelly and Conway has tested 518 00:30:58,640 --> 00:31:01,520 Speaker 1: positive for the buyer's global names twenty four hours a 519 00:31:01,600 --> 00:31:05,440 Speaker 1: day on air and on Bloomberg Quickday, powered by more 520 00:31:05,240 --> 00:31:08,160 Speaker 1: hundred journalist and analyst more than a twenty countries. I'm 521 00:31:08,200 --> 00:31:11,959 Speaker 1: Michael Barr. This is Bloomberg. Nathan Okay, Michael, thank you. 522 00:31:12,280 --> 00:31:14,960 Speaker 1: While the President receives treatment at Well to read, there 523 00:31:15,000 --> 00:31:18,200 Speaker 1: are questions about how the executive branch may function if 524 00:31:18,280 --> 00:31:21,920 Speaker 1: his condition worsens, and to discuss that, we're pleased to 525 00:31:21,960 --> 00:31:24,920 Speaker 1: bring in this morning, Wendy Schiller, chair of the political 526 00:31:24,960 --> 00:31:28,840 Speaker 1: science department at Brand University. Great as always to speak 527 00:31:28,840 --> 00:31:32,320 Speaker 1: with you, Professor Schiller. And as we heard from Michael Barr, 528 00:31:32,360 --> 00:31:35,640 Speaker 1: it's not just the President, it's Kelly Anne Conway. A 529 00:31:35,720 --> 00:31:39,120 Speaker 1: number of other White House aids and Trump campaign aids 530 00:31:39,120 --> 00:31:43,680 Speaker 1: have tested positive for the coronavirus. Hope picks Senators among them. 531 00:31:43,880 --> 00:31:47,680 Speaker 1: What is your level of concern about the functioning of 532 00:31:47,760 --> 00:31:51,840 Speaker 1: the government going forward? Well, I mean I I we 533 00:31:51,920 --> 00:31:55,280 Speaker 1: have a you know, sort of robust, very large infrastructure 534 00:31:55,280 --> 00:31:58,200 Speaker 1: in the federal government. So the bureaucracy which sort of 535 00:31:58,280 --> 00:32:01,600 Speaker 1: runs all a sort of US run all of these 536 00:32:01,640 --> 00:32:05,440 Speaker 1: programs that we rely on, that's functioning. You know, that's 537 00:32:05,440 --> 00:32:07,880 Speaker 1: a civil service operation. There's millions of people in the 538 00:32:07,880 --> 00:32:10,880 Speaker 1: fut of bureaucracy. So in terms of making sure self 539 00:32:10,920 --> 00:32:15,160 Speaker 1: security goes out, it's usually direct deposit things like medicare, reimbursement, um, 540 00:32:15,160 --> 00:32:17,800 Speaker 1: the things that we really need the military. I'm not 541 00:32:17,920 --> 00:32:21,280 Speaker 1: concerned at the moment about that infrastructure, but I am 542 00:32:21,280 --> 00:32:25,720 Speaker 1: concerned about information transparency. It's really important that the leaders 543 00:32:25,760 --> 00:32:29,120 Speaker 1: of Congress, both the Democrats and the Republicans, are fully 544 00:32:29,240 --> 00:32:32,920 Speaker 1: informed about the president's condition and certainly fully informed about 545 00:32:33,000 --> 00:32:37,840 Speaker 1: Vice President hences um readiness. And uh, you know how 546 00:32:37,960 --> 00:32:40,680 Speaker 1: much Pence is being briefed on everything? For example, is 547 00:32:40,680 --> 00:32:43,640 Speaker 1: a sexually of Defense making sure that brief Secretary m 548 00:32:43,760 --> 00:32:46,680 Speaker 1: Vice President Pence right now? You know how much of 549 00:32:46,680 --> 00:32:49,640 Speaker 1: that has shifted to Pence, whereas it normally would be 550 00:32:49,640 --> 00:32:51,800 Speaker 1: directed at the president or as the president full on, 551 00:32:52,240 --> 00:32:55,040 Speaker 1: you know, continuing to receive information and briefings and not 552 00:32:55,160 --> 00:32:58,760 Speaker 1: yet bringing Pence in at that level. Professor Scheller, I 553 00:32:58,800 --> 00:33:01,040 Speaker 1: like what you said about transce barrency. I'd like to 554 00:33:01,280 --> 00:33:03,480 Speaker 1: um sort of build on that. That's all right. There's 555 00:33:03,480 --> 00:33:06,760 Speaker 1: plenty of rumors, in speculation, even conspiracy theories that are 556 00:33:06,760 --> 00:33:10,800 Speaker 1: floating around the Internet because Internet, So let's separate that 557 00:33:10,880 --> 00:33:14,240 Speaker 1: fact from fiction. Do you see this moving the needle 558 00:33:14,280 --> 00:33:18,600 Speaker 1: when it comes to say voter turnout? Amy, That's a 559 00:33:18,680 --> 00:33:21,200 Speaker 1: really good question. You know, elections are run by states, 560 00:33:21,480 --> 00:33:25,720 Speaker 1: and they're administered and counted obviously, and you know, protected 561 00:33:25,760 --> 00:33:29,840 Speaker 1: by states and county and local election officials. The federal 562 00:33:29,880 --> 00:33:34,160 Speaker 1: government actually has very little to do with the mechanics 563 00:33:34,160 --> 00:33:37,080 Speaker 1: of voting and certainly the counting of voting. So what 564 00:33:37,120 --> 00:33:38,600 Speaker 1: we want to think about is what's going on at 565 00:33:38,600 --> 00:33:42,240 Speaker 1: the state level. But I think it's of concern. Republican senators, 566 00:33:42,280 --> 00:33:45,520 Speaker 1: for example, have tested positive. Mike Lee obviously we know about. 567 00:33:45,520 --> 00:33:48,120 Speaker 1: But Tom Tillis, who's in a very very tight race 568 00:33:48,160 --> 00:33:50,520 Speaker 1: in North Carolina, sort of fighting for his political life, 569 00:33:50,800 --> 00:33:52,880 Speaker 1: and now he's off the campaign treo for a while. 570 00:33:53,120 --> 00:33:55,920 Speaker 1: Will you start to seek cries for delaying the election 571 00:33:56,600 --> 00:34:00,000 Speaker 1: in certain states, especially where g OP senators are vulnerable. 572 00:34:00,280 --> 00:34:02,640 Speaker 1: You know that that concerns me. I mean, the idea 573 00:34:02,680 --> 00:34:04,920 Speaker 1: that we would have to delay the election because millions 574 00:34:04,960 --> 00:34:08,120 Speaker 1: well thousands, at least millions of people actually have already voted, 575 00:34:08,200 --> 00:34:10,360 Speaker 1: They've already sent their ballots back, and now we have 576 00:34:10,400 --> 00:34:13,320 Speaker 1: early voting starting. They've already started in Minnesota and Michigan, 577 00:34:13,320 --> 00:34:16,840 Speaker 1: for example, starts next week, I believe, in Iowa, Ohio, Nevada. 578 00:34:17,120 --> 00:34:20,600 Speaker 1: So the election that happening, and any cries to stop 579 00:34:20,640 --> 00:34:23,279 Speaker 1: the election, that would that would start to concern me. 580 00:34:24,200 --> 00:34:26,520 Speaker 1: And it would take a lot more than just a 581 00:34:26,520 --> 00:34:29,040 Speaker 1: flip of the switch to delay the election, right, I mean, 582 00:34:29,239 --> 00:34:35,320 Speaker 1: just the logistical challenge alone would be daunting, wouldn't it. Yeah, Nathan, 583 00:34:35,320 --> 00:34:38,400 Speaker 1: there's a constitutional reason, you know, the president can't delay 584 00:34:38,400 --> 00:34:41,399 Speaker 1: the election for example, And yeah, it's just impossible because 585 00:34:41,440 --> 00:34:43,520 Speaker 1: what would you do with everybody has already voted. This 586 00:34:43,600 --> 00:34:45,960 Speaker 1: is why people talk about early voting, and they talk 587 00:34:45,960 --> 00:34:47,840 Speaker 1: about the fact that either you vote, everybody votes on 588 00:34:47,920 --> 00:34:51,319 Speaker 1: November three, but the same information, or everybody's voting at 589 00:34:51,400 --> 00:34:53,560 Speaker 1: a different time with different levels of information. And that's 590 00:34:53,560 --> 00:34:57,160 Speaker 1: true this year, especially true this year because of mail 591 00:34:57,160 --> 00:35:00,600 Speaker 1: and ballot and early in person voting. So yeah, everybody's 592 00:35:00,680 --> 00:35:02,600 Speaker 1: voting on a different day with the information. People voted 593 00:35:02,640 --> 00:35:06,560 Speaker 1: before the president tested positive and was hospitalized, and you know, 594 00:35:06,560 --> 00:35:09,399 Speaker 1: we're all hoping he recovers, and people will may say, 595 00:35:09,440 --> 00:35:11,759 Speaker 1: I'm gonna wait now, I'm not going to cast my 596 00:35:11,800 --> 00:35:14,640 Speaker 1: ballot until I see what happens to President Trump, because 597 00:35:14,640 --> 00:35:17,000 Speaker 1: maybe I want Pence, maybe I don't want Pence. So 598 00:35:17,040 --> 00:35:20,200 Speaker 1: there's a great deal uncertainty. And I think that's what's 599 00:35:20,200 --> 00:35:23,280 Speaker 1: starting to concern everybody. Right, I'm certainly is bad for markets, 600 00:35:23,280 --> 00:35:26,040 Speaker 1: it's bad for business, it's bad for voters. So I 601 00:35:26,080 --> 00:35:28,480 Speaker 1: think everybody's hoping that we see that the presidents treated 602 00:35:28,560 --> 00:35:31,800 Speaker 1: and starts to improve. Whether it becomes a long standing 603 00:35:31,840 --> 00:35:35,799 Speaker 1: campaign issue, that idea with constant voting, the idea that 604 00:35:35,800 --> 00:35:38,080 Speaker 1: it becomes an issue for November. I don't think it 605 00:35:38,120 --> 00:35:41,239 Speaker 1: operates this year. I think it's an issue now. We're 606 00:35:41,239 --> 00:35:44,120 Speaker 1: talking with Wendy Schiller, the per chair of political science 607 00:35:44,160 --> 00:35:47,399 Speaker 1: at Brown University and professor. Also wanted to ask you 608 00:35:47,440 --> 00:35:51,440 Speaker 1: about historical perspective. Do you have anything in your memory 609 00:35:51,480 --> 00:35:54,160 Speaker 1: banks or in history that can sort of give us 610 00:35:54,200 --> 00:35:56,960 Speaker 1: a roadmap as to how all of this is going 611 00:35:57,000 --> 00:36:00,600 Speaker 1: to play out? You know, I was saying to myself 612 00:36:00,719 --> 00:36:04,480 Speaker 1: last night, I have never witnessed anything like this, right, 613 00:36:04,520 --> 00:36:07,040 Speaker 1: I mean obviously this concern. The President of the United 614 00:36:07,080 --> 00:36:10,840 Speaker 1: States is hospitalized, and we know that COVID can progress 615 00:36:10,880 --> 00:36:13,040 Speaker 1: in all sorts of directions. It can get better, they 616 00:36:13,080 --> 00:36:16,040 Speaker 1: can get worse. Sometimes people are put on ventilators, in 617 00:36:16,040 --> 00:36:18,080 Speaker 1: which case they have to be sedated. So you know, 618 00:36:18,160 --> 00:36:21,480 Speaker 1: these are scary times at very uncertain times. But the 619 00:36:21,520 --> 00:36:25,839 Speaker 1: fundamental issue of COVID politically, um is something we've been 620 00:36:25,840 --> 00:36:28,040 Speaker 1: living with for a very long time and was obviously 621 00:36:28,040 --> 00:36:30,359 Speaker 1: Biden made a big issue of during the debate, and 622 00:36:30,480 --> 00:36:32,759 Speaker 1: Trump made fun of them for wearing a mask. You know, 623 00:36:32,840 --> 00:36:35,719 Speaker 1: I hope Trump recovers, but in that sense, you think 624 00:36:35,760 --> 00:36:38,759 Speaker 1: this just reminds voters that the president did not do 625 00:36:38,800 --> 00:36:41,880 Speaker 1: a very good job on COVID, from public messaging to 626 00:36:42,000 --> 00:36:45,560 Speaker 1: mask wearing it to containment, and whether you think that's 627 00:36:45,600 --> 00:36:48,920 Speaker 1: fair or not, this just really drives that issue home 628 00:36:49,239 --> 00:36:52,120 Speaker 1: for voters in a really real way right now, and 629 00:36:52,160 --> 00:36:56,480 Speaker 1: it raises a delicate question for how former Vice President 630 00:36:56,560 --> 00:37:00,120 Speaker 1: Joe Biden reacts to the President's illness and whether to 631 00:37:00,280 --> 00:37:04,480 Speaker 1: bring up that nexus of how the president being in 632 00:37:04,520 --> 00:37:10,160 Speaker 1: the hospital sort of symbolizes his response to this pandemic. 633 00:37:10,520 --> 00:37:13,960 Speaker 1: What is the difficulty that the Democrat in this race 634 00:37:14,040 --> 00:37:17,760 Speaker 1: faces when it comes to responding to the president's illness. 635 00:37:18,560 --> 00:37:22,000 Speaker 1: I think it is a really awkward, uh situation for 636 00:37:22,040 --> 00:37:24,080 Speaker 1: the for for the Biden campaign. So they've made a 637 00:37:24,120 --> 00:37:28,160 Speaker 1: decision to stop running their negative ads for now. You know, remember, 638 00:37:28,160 --> 00:37:30,239 Speaker 1: they have a lot more money now on cash on 639 00:37:30,280 --> 00:37:32,640 Speaker 1: hand than the Trump campaign has, so in some ways, 640 00:37:32,680 --> 00:37:35,000 Speaker 1: stopping those ads now, but if you just start to 641 00:37:35,040 --> 00:37:38,160 Speaker 1: rerun them in two weeks is not necessarily uh, you know, 642 00:37:38,200 --> 00:37:40,680 Speaker 1: a sacrifice on the part of the Biden campaign. But 643 00:37:40,880 --> 00:37:43,759 Speaker 1: the fact that it's just reminds voters about COVID and 644 00:37:43,800 --> 00:37:45,759 Speaker 1: about the fact that not only the president has sus 645 00:37:45,760 --> 00:37:48,680 Speaker 1: a positive and it's ill, but many of his senior staff, 646 00:37:49,040 --> 00:37:52,000 Speaker 1: including his wife, have tested positive and are ill. I 647 00:37:52,000 --> 00:37:55,000 Speaker 1: think Biden's going to let that sink in without emphasizing it. 648 00:37:55,040 --> 00:37:57,560 Speaker 1: They don't have to do much there. But it's also 649 00:37:57,600 --> 00:37:59,480 Speaker 1: a fine line. You don't want, you know, there's a 650 00:37:59,520 --> 00:38:01,799 Speaker 1: sympathy for actor for the president, and Biden doesn't want 651 00:38:01,800 --> 00:38:03,880 Speaker 1: to look on sympathetic. So he's already tweeted out that 652 00:38:03,960 --> 00:38:06,560 Speaker 1: his prayers or for the President's recovery. And I think 653 00:38:06,560 --> 00:38:09,600 Speaker 1: Biden does want Trump to recover because obviously we face 654 00:38:09,719 --> 00:38:12,759 Speaker 1: a very different scenario if Trump gets worse, and that 655 00:38:12,880 --> 00:38:15,480 Speaker 1: throws everything into questions. So I think the Biden campaign 656 00:38:15,560 --> 00:38:18,839 Speaker 1: is hoping for a recovery. But you're right, Um, it's 657 00:38:18,840 --> 00:38:20,840 Speaker 1: a very fine line to walk. I think will continue 658 00:38:20,840 --> 00:38:23,680 Speaker 1: to campaign on things like health care and certainly the economy, 659 00:38:23,719 --> 00:38:26,240 Speaker 1: because we don't relate directly to the president's current condition. 660 00:38:27,880 --> 00:38:30,400 Speaker 1: You mentioned all of the people, the senior staff, some 661 00:38:30,440 --> 00:38:34,040 Speaker 1: of the senators who have been diagnosed with the coronavirus. 662 00:38:34,080 --> 00:38:37,399 Speaker 1: Now there's a lot going on right now. You've got 663 00:38:37,400 --> 00:38:42,239 Speaker 1: a Supreme Court nominee, You've got the stimulus that is pending. Um, 664 00:38:42,320 --> 00:38:44,840 Speaker 1: not to mention that what is going on with the 665 00:38:44,880 --> 00:38:49,360 Speaker 1: economy and jobs, the Wall Street. There's a lot happening 666 00:38:49,440 --> 00:38:52,760 Speaker 1: right now. How does the administration at this point ensure 667 00:38:53,160 --> 00:38:57,719 Speaker 1: that the business of government continues while the presidents being treated, Well, 668 00:38:57,760 --> 00:38:59,839 Speaker 1: that's really up to the president, right, I mean, if 669 00:38:59,840 --> 00:39:03,920 Speaker 1: he will not relinquish temporary power depends. I think things 670 00:39:03,920 --> 00:39:06,200 Speaker 1: get very complicated. For example, if they try to issue 671 00:39:06,239 --> 00:39:09,640 Speaker 1: any executive orders while he's under treatment for COVID, one 672 00:39:09,719 --> 00:39:11,840 Speaker 1: might go to the courts and say, you know, the 673 00:39:11,840 --> 00:39:14,080 Speaker 1: president is not healthy. He's not in the right mind. 674 00:39:14,160 --> 00:39:16,520 Speaker 1: He shouldn't be doing this. Um my understanding of its. 675 00:39:16,560 --> 00:39:20,120 Speaker 1: Administration has promised more ice raids in the next couple 676 00:39:20,160 --> 00:39:23,440 Speaker 1: of weeks against people who are undocumented. We'll see if 677 00:39:23,480 --> 00:39:26,200 Speaker 1: that goes through and whether that's challenged. And it's procedural 678 00:39:26,239 --> 00:39:28,480 Speaker 1: rules in the Senate, for example, on quorum, and we've 679 00:39:28,480 --> 00:39:30,480 Speaker 1: got somebody who's on the just send a judiciary community 680 00:39:30,480 --> 00:39:33,439 Speaker 1: and the Republican party who's tested positive who can't be there. 681 00:39:33,719 --> 00:39:35,839 Speaker 1: So the question is will the Republicans just ignore that 682 00:39:35,960 --> 00:39:39,080 Speaker 1: rule to and just shove this nomination through after a 683 00:39:39,160 --> 00:39:42,920 Speaker 1: ceremony in which people were infected, including the president of 684 00:39:42,960 --> 00:39:45,520 Speaker 1: Notre Dame. So I think it's just bad optics for 685 00:39:45,560 --> 00:39:47,960 Speaker 1: the Republicans all around. And I think there are real 686 00:39:48,080 --> 00:39:50,640 Speaker 1: questions about anything that comes out of the administration in 687 00:39:50,680 --> 00:39:53,600 Speaker 1: the next week, you know, issued by the president, given 688 00:39:53,600 --> 00:39:55,759 Speaker 1: that we just don't know what the president's state of 689 00:39:55,800 --> 00:39:58,759 Speaker 1: mind is right now. Of course, the White House has 690 00:39:58,800 --> 00:40:02,320 Speaker 1: said that the president won'tlinquishes powers and will continue to 691 00:40:02,400 --> 00:40:06,120 Speaker 1: perform the functions of the presidency within Walter read at 692 00:40:06,120 --> 00:40:08,920 Speaker 1: the presidential offices, there are you confident that they'll be 693 00:40:08,960 --> 00:40:11,680 Speaker 1: able to do that, and that, as you say, that, 694 00:40:11,719 --> 00:40:14,280 Speaker 1: the Congress will be able to perform its functions potentially 695 00:40:14,320 --> 00:40:22,279 Speaker 1: remotely as possibly this uh, this outbreak continues to spread. Yeah, 696 00:40:22,320 --> 00:40:25,160 Speaker 1: I mean I think that Congress right now, I think 697 00:40:25,239 --> 00:40:29,719 Speaker 1: can function. The question is because because of the specifics 698 00:40:29,719 --> 00:40:32,239 Speaker 1: of who sits on which committee and the particular rules 699 00:40:32,239 --> 00:40:34,200 Speaker 1: of the United States Senate, it may be that the 700 00:40:34,239 --> 00:40:37,880 Speaker 1: Republicans have to blatantly ignore the rules of the Chamber 701 00:40:38,040 --> 00:40:40,400 Speaker 1: to get this nominee through, which I think becomes a 702 00:40:40,400 --> 00:40:43,680 Speaker 1: bigger problem for them. So can they function? Yes? Can 703 00:40:43,719 --> 00:40:47,359 Speaker 1: they function on the timeline that they have promised, not necessarily, 704 00:40:47,600 --> 00:40:49,400 Speaker 1: And that's going to be up to Mitch McConnell and 705 00:40:49,440 --> 00:40:52,320 Speaker 1: the Republican leadership in the Senate as far as the Senate, 706 00:40:52,360 --> 00:40:55,000 Speaker 1: as president goes, if somebody's on we've all you know, 707 00:40:55,080 --> 00:40:56,839 Speaker 1: let's say you have surgery or something and you have 708 00:40:56,920 --> 00:40:59,640 Speaker 1: anesthesia or you're on pain killers, you're not feeling all 709 00:40:59,640 --> 00:41:02,439 Speaker 1: that well. You know, these are national security and and 710 00:41:02,440 --> 00:41:05,360 Speaker 1: and sometimes life and death decisions. You'd hope the President 711 00:41:05,400 --> 00:41:08,000 Speaker 1: would say, I'm not clear, so I'm going to get 712 00:41:08,000 --> 00:41:10,440 Speaker 1: pense the authority for a week. But I don't see 713 00:41:10,560 --> 00:41:13,760 Speaker 1: this president doing that. I just don't see Trump handing 714 00:41:13,760 --> 00:41:18,400 Speaker 1: over the reins four weeks before election day. Alright, Wendy Schiller, 715 00:41:18,520 --> 00:41:21,640 Speaker 1: Chair of Political Science at Brown University. It is always 716 00:41:21,680 --> 00:41:23,560 Speaker 1: great to pick your brain and talk with you. Thanks 717 00:41:23,600 --> 00:41:26,240 Speaker 1: so much for joining us this morning and providing that insight. 718 00:41:26,719 --> 00:41:29,680 Speaker 1: Much more still to come on this Bloomberg Daybreak special 719 00:41:29,719 --> 00:41:33,560 Speaker 1: report the President's treatment. Dr amesh Adalga from the Johns 720 00:41:33,600 --> 00:41:35,799 Speaker 1: Hopkins Public School of Public Health will be joining us. 721 00:41:35,920 --> 00:41:39,520 Speaker 1: We'll get more on the president's condition and treatment underway 722 00:41:39,640 --> 00:41:42,799 Speaker 1: at Walter Read Medical Center and Nathan. There's a lot 723 00:41:42,800 --> 00:41:44,799 Speaker 1: more coming up in the next hour, now, yeah, there 724 00:41:44,800 --> 00:41:47,200 Speaker 1: certainly is. Amy. We're going to continue to unpack the 725 00:41:47,200 --> 00:41:52,480 Speaker 1: political implications of the president's illness on the campaign trail. 726 00:41:52,520 --> 00:41:56,200 Speaker 1: We're gonna be speaking with Bloomberg's Tyler Patriot about how 727 00:41:56,239 --> 00:41:58,799 Speaker 1: this affects the campaign going forward, as well as Great Value, 728 00:41:58,800 --> 00:42:02,479 Speaker 1: a chief US policy strategist at a GF Investments. He'll 729 00:42:02,520 --> 00:42:04,560 Speaker 1: be with us as well to take a look at 730 00:42:04,640 --> 00:42:09,600 Speaker 1: how this illness could affect markets. As our coverage this 731 00:42:09,680 --> 00:42:13,239 Speaker 1: Bloomberg day Break special report on the President in the 732 00:42:13,360 --> 00:42:20,200 Speaker 1: hospital continues on Bloomberg Radio. This is a Bloomberg day 733 00:42:20,200 --> 00:42:24,280 Speaker 1: Break special report. I'm Nathan Hagar. Hi'm Amy Morris. President 734 00:42:24,280 --> 00:42:26,720 Speaker 1: Trump has been admitted to the hospital to be treated 735 00:42:26,760 --> 00:42:29,799 Speaker 1: for COVID nineteen. Coming up over the next hour, we 736 00:42:29,920 --> 00:42:33,040 Speaker 1: examined the implications, the possibilities, and the path ahead for 737 00:42:33,160 --> 00:42:36,640 Speaker 1: the White House, plus the political fallout with exactly one 738 00:42:36,719 --> 00:42:40,279 Speaker 1: month until the election. That's all straight ahead, but first 739 00:42:40,360 --> 00:42:43,040 Speaker 1: let's get the very latest on the president's health. For that, 740 00:42:43,080 --> 00:42:46,240 Speaker 1: we're joined this morning by Bloomberg's Michael bar Good morning, Michael, 741 00:42:46,440 --> 00:42:49,759 Speaker 1: Good morning. Nave been stricken by COVID nineteen. A feverish 742 00:42:49,800 --> 00:42:53,239 Speaker 1: and fatigued President Donald Trump was flown to a military 743 00:42:53,280 --> 00:42:56,040 Speaker 1: hospital where he is being given a m dissevere therapy 744 00:42:56,360 --> 00:43:00,800 Speaker 1: after being injected with an experimental drug combination in treatment 745 00:43:00,880 --> 00:43:03,840 Speaker 1: at the White House, the President released a video thanking 746 00:43:03,880 --> 00:43:06,320 Speaker 1: people for their support and saying he was going to 747 00:43:06,400 --> 00:43:09,840 Speaker 1: bold read as a precaution. I want to thank everybody 748 00:43:09,840 --> 00:43:14,239 Speaker 1: for the tremendous support. I'm going to Walden Hospital. I 749 00:43:14,280 --> 00:43:17,520 Speaker 1: think I'm doing very well, but we're going to make 750 00:43:17,560 --> 00:43:20,319 Speaker 1: sure that things work out. The first lady is doing 751 00:43:20,440 --> 00:43:24,000 Speaker 1: very well, so thank you very much. I appreciate it. 752 00:43:24,040 --> 00:43:27,840 Speaker 1: I will never forget it. Thank you. Trump campaign senior 753 00:43:27,840 --> 00:43:31,719 Speaker 1: advisor Curry Lewandowski told ABC that some protocols for visitors 754 00:43:31,760 --> 00:43:35,399 Speaker 1: to the president may see some changes in the next 755 00:43:35,440 --> 00:43:38,160 Speaker 1: few weeks. People want to have their picture taken with 756 00:43:38,200 --> 00:43:40,800 Speaker 1: the president, and if they were just tested and tested 757 00:43:40,840 --> 00:43:43,880 Speaker 1: negative of COVID nineteen, I think they felt pretty good 758 00:43:44,000 --> 00:43:45,680 Speaker 1: that they didn't have to have that masks on. I 759 00:43:45,719 --> 00:43:47,799 Speaker 1: think we have to re look at those protocols and 760 00:43:47,840 --> 00:43:51,200 Speaker 1: decide what we need to do moving forward. Former President 761 00:43:51,239 --> 00:43:54,000 Speaker 1: Barack Obama put politics aside for a moment during a 762 00:43:54,080 --> 00:43:59,120 Speaker 1: virtual fundraiser on Friday for Democratic vice presidential nominee Kamala 763 00:43:59,200 --> 00:44:03,360 Speaker 1: Harris as he wished President Trump and First Lady Milanny 764 00:44:03,400 --> 00:44:06,239 Speaker 1: and Trump of full recovery following the announcement of their 765 00:44:06,239 --> 00:44:10,640 Speaker 1: COVID nineteen diagnosis. The former president emphasized the importance of 766 00:44:10,880 --> 00:44:14,280 Speaker 1: unity during the crisis. Although we're in the midst of 767 00:44:14,480 --> 00:44:20,160 Speaker 1: a big political fight and we take that very seriously. Uh, 768 00:44:20,440 --> 00:44:26,120 Speaker 1: we also want to extend our best wishes to the 769 00:44:26,120 --> 00:44:30,759 Speaker 1: President of the United States the First Lady. No one 770 00:44:30,840 --> 00:44:35,240 Speaker 1: knows how, when or from whom President Trump became infected 771 00:44:35,239 --> 00:44:38,560 Speaker 1: with the coronavirus, nor is it known who, if anyone, 772 00:44:38,719 --> 00:44:42,319 Speaker 1: has contracted the disease from him. Two Republican members of 773 00:44:42,360 --> 00:44:45,520 Speaker 1: the Senate Judiciary Committee, Senator Tom Tullis and Mike Lee 774 00:44:45,560 --> 00:44:49,040 Speaker 1: of tested positive for the coronavirus. The positive tests raised 775 00:44:49,120 --> 00:44:53,720 Speaker 1: questions about upcoming Supreme Court confirmation hearings for Judge Amy 776 00:44:53,880 --> 00:44:56,840 Speaker 1: Coney Barrett. Both attended a ceremony for Barrett at the 777 00:44:56,840 --> 00:45:01,920 Speaker 1: White House on September President Trump conmernavirus infections were confirmed 778 00:45:01,920 --> 00:45:06,040 Speaker 1: amongst some of the president's closest associates, with campaign manager 779 00:45:06,120 --> 00:45:09,680 Speaker 1: Bill Steppian and x wine House advisor Kelly and Conway 780 00:45:09,920 --> 00:45:13,160 Speaker 1: testing positive. Global News twenty four hours a day on 781 00:45:13,200 --> 00:45:17,040 Speaker 1: air and on Bloomberg quick Say, powered by more journalists 782 00:45:17,040 --> 00:45:20,080 Speaker 1: and analysts more than twenty countries. I'm Michael Barr, and 783 00:45:20,160 --> 00:45:23,319 Speaker 1: this is Bloomberg Nathan, Michael, thank you and for more 784 00:45:23,320 --> 00:45:26,280 Speaker 1: on the President's health. We're joined by a Meshadalga, professor 785 00:45:26,320 --> 00:45:28,880 Speaker 1: at Johns Hopkins Bloomberg School of Public Health. Thank you 786 00:45:28,920 --> 00:45:30,920 Speaker 1: so much for being with us on this Saturday morning. 787 00:45:30,920 --> 00:45:34,799 Speaker 1: Professor uh the the Michael bar just mentioned that the 788 00:45:34,840 --> 00:45:37,520 Speaker 1: President put out that video last night and also on 789 00:45:37,560 --> 00:45:40,680 Speaker 1: Twitter just before midnight last night he posted this going well, 790 00:45:40,760 --> 00:45:45,680 Speaker 1: I think, thank you to all love. Uh. I wonder 791 00:45:45,920 --> 00:45:49,960 Speaker 1: what we haven't heard yet about the president's condition that 792 00:45:50,080 --> 00:45:53,640 Speaker 1: we need to know at this point. Well, what I'd 793 00:45:53,640 --> 00:45:55,880 Speaker 1: want to know to really be able to understand the 794 00:45:55,880 --> 00:45:59,319 Speaker 1: trajectory of his illness is his vital son Is he 795 00:45:59,400 --> 00:46:02,719 Speaker 1: requiring some lemental oxygen? What is his breathing like? How 796 00:46:02,719 --> 00:46:05,120 Speaker 1: many times per minute is he breathing? Is his breathing 797 00:46:05,200 --> 00:46:07,440 Speaker 1: labored or does he feel as if his breathing is 798 00:46:07,520 --> 00:46:11,160 Speaker 1: at its baseline? Those are important questions to see how 799 00:46:11,200 --> 00:46:15,080 Speaker 1: severe his infection. Maybe we know that he got a 800 00:46:15,200 --> 00:46:19,920 Speaker 1: regeneration antibody cocktail, we know that he's getting red severe um. 801 00:46:20,000 --> 00:46:21,760 Speaker 1: We we sort of want to know just in general, 802 00:46:21,800 --> 00:46:23,960 Speaker 1: how things how things are going, and what the treatment 803 00:46:24,000 --> 00:46:27,080 Speaker 1: plan might be. And as someone who's taking care of 804 00:46:27,120 --> 00:46:29,640 Speaker 1: many COVID patients, it's a it's different for each patient. 805 00:46:30,200 --> 00:46:34,800 Speaker 1: Some people require hospitalization for for several days. Some people 806 00:46:35,440 --> 00:46:37,720 Speaker 1: I've seen people go in and out and in twenty 807 00:46:37,719 --> 00:46:39,560 Speaker 1: four or forty eight hours if they just have a 808 00:46:39,600 --> 00:46:43,920 Speaker 1: mild case that needs some some boosting with anti virals 809 00:46:43,960 --> 00:46:47,719 Speaker 1: and intravenous fluids and in nursing care for a short 810 00:46:47,719 --> 00:46:49,319 Speaker 1: period of time. But we really don't know all of 811 00:46:49,320 --> 00:46:54,080 Speaker 1: those details. Professor. We've heard a lot about the president's comorbid. 812 00:46:54,160 --> 00:46:57,279 Speaker 1: It is he's older, he's overweight. That's going to cause 813 00:46:57,320 --> 00:47:00,719 Speaker 1: some complications. But is he bound to have a hard 814 00:47:00,760 --> 00:47:02,960 Speaker 1: time with this disease because of that? That's not a 815 00:47:02,960 --> 00:47:06,520 Speaker 1: foregone conclusion, is it. No, he's not bound to have 816 00:47:06,560 --> 00:47:09,200 Speaker 1: a severe case, but he's definitely at higher risk because 817 00:47:09,200 --> 00:47:12,840 Speaker 1: he is older, because he is obese, and and I 818 00:47:12,880 --> 00:47:15,000 Speaker 1: think you in many ways you could say that, you know, 819 00:47:15,040 --> 00:47:18,200 Speaker 1: we call severe cases those that require hospitalization, and he 820 00:47:18,239 --> 00:47:21,759 Speaker 1: has been hospitalized. So hopefully this is the extent of 821 00:47:21,760 --> 00:47:24,480 Speaker 1: it and it doesn't get any worse. But you have 822 00:47:24,560 --> 00:47:27,160 Speaker 1: to keep a vigilant eye on individuals, especially as they 823 00:47:27,239 --> 00:47:29,560 Speaker 1: kind of get past seven days of illness, because that's 824 00:47:29,600 --> 00:47:32,799 Speaker 1: sometimes when the immune system starts to overreact in some 825 00:47:32,880 --> 00:47:36,240 Speaker 1: of the more severe symptoms of shortness suppress start to occur. 826 00:47:36,520 --> 00:47:38,359 Speaker 1: You know, we don't know what his chest X ray shows, 827 00:47:38,360 --> 00:47:40,359 Speaker 1: Does he have a pneumonia or not. There's a lot 828 00:47:40,360 --> 00:47:43,319 Speaker 1: of open questions from a medical standpoint and make it 829 00:47:43,360 --> 00:47:45,040 Speaker 1: hard for a doctor like you need to be able 830 00:47:45,080 --> 00:47:47,719 Speaker 1: to say exactly what's what's going on in Walter Read. 831 00:47:48,719 --> 00:47:52,440 Speaker 1: So does the fact of hospitalization alone raise questions for you? 832 00:47:52,480 --> 00:47:55,080 Speaker 1: And I asked that because of course the president has 833 00:47:55,120 --> 00:48:00,240 Speaker 1: a vast array of medical experts, doctors, a medical team 834 00:48:00,760 --> 00:48:05,080 Speaker 1: surrounding him while he's at the White House. It does 835 00:48:05,719 --> 00:48:07,520 Speaker 1: because you can do a lot more at the White 836 00:48:07,520 --> 00:48:09,840 Speaker 1: House medical unit than you can in another in a 837 00:48:09,880 --> 00:48:13,440 Speaker 1: person's home. So that tells me that there's some concern 838 00:48:14,040 --> 00:48:16,960 Speaker 1: and they want to be in a position that if 839 00:48:16,960 --> 00:48:19,040 Speaker 1: he were to get worse, that they were able to 840 00:48:19,120 --> 00:48:22,680 Speaker 1: rapidly intervene and have everything at their at their fingertips, 841 00:48:22,680 --> 00:48:24,840 Speaker 1: And you're going to get more of that at a 842 00:48:24,880 --> 00:48:27,719 Speaker 1: hospital than even at the White House. Is Medically, he's 843 00:48:27,719 --> 00:48:30,160 Speaker 1: getting remdescive here. That's a five you give that over 844 00:48:30,200 --> 00:48:33,400 Speaker 1: five days, it's an infusion um he's going to need 845 00:48:33,400 --> 00:48:35,040 Speaker 1: to have an IVY in place, and maybe some of 846 00:48:35,040 --> 00:48:37,960 Speaker 1: that is logistically easier to do at at Walter Read 847 00:48:38,000 --> 00:48:41,279 Speaker 1: than than in than at home. So I guess there's 848 00:48:41,280 --> 00:48:43,760 Speaker 1: just a lot that we don't know about the decision 849 00:48:43,760 --> 00:48:47,439 Speaker 1: making process about why what triggered the transfer to Walter Reid. 850 00:48:48,840 --> 00:48:51,120 Speaker 1: Can you give us a better idea about the timing 851 00:48:51,160 --> 00:48:54,920 Speaker 1: of contracting the COVID nineteam can you or or you 852 00:48:54,960 --> 00:48:56,799 Speaker 1: can I guess because we've seen it happen. But how 853 00:48:56,840 --> 00:49:00,319 Speaker 1: can you be negative on a Wednesday and then test 854 00:49:00,400 --> 00:49:04,120 Speaker 1: positive on a Thursday. Well, it could be that he 855 00:49:04,160 --> 00:49:07,759 Speaker 1: was incubating the virus before Wednesday and it was just 856 00:49:07,880 --> 00:49:10,600 Speaker 1: below the level of detection of the of the test. 857 00:49:10,719 --> 00:49:15,000 Speaker 1: Every test has operating characteristics and and it has a sensitivity, 858 00:49:15,080 --> 00:49:17,000 Speaker 1: So he may have had a low level of virus 859 00:49:17,040 --> 00:49:19,120 Speaker 1: on Tuesday or so he could have been incubating it 860 00:49:19,120 --> 00:49:21,320 Speaker 1: for maybe three or four days before that he tests, 861 00:49:21,320 --> 00:49:23,640 Speaker 1: he tests negative on one day, and the next day 862 00:49:23,680 --> 00:49:26,880 Speaker 1: he tests positive when it crosses the threshold. So remember 863 00:49:26,880 --> 00:49:28,759 Speaker 1: that our tests are not iron clad. And that's why 864 00:49:28,920 --> 00:49:31,759 Speaker 1: even within a robust testing strategy like the White House 865 00:49:31,800 --> 00:49:34,560 Speaker 1: has been employing, you still need to think about social 866 00:49:34,560 --> 00:49:37,480 Speaker 1: distancing and face coverings because there are holes in that. 867 00:49:37,960 --> 00:49:40,600 Speaker 1: In that strategy and minimizes the risk greatly, but it 868 00:49:40,600 --> 00:49:43,600 Speaker 1: doesn't make the risk of to zero. Is it possible 869 00:49:43,640 --> 00:49:47,000 Speaker 1: for the White House to tighten its strategy further when 870 00:49:47,000 --> 00:49:52,319 Speaker 1: it comes to testing and safety protocols, It definitely is 871 00:49:52,719 --> 00:49:55,880 Speaker 1: just by having everybody wear face coverings trying to have 872 00:49:55,920 --> 00:49:58,560 Speaker 1: meetings where everybody is six ft apart that that would 873 00:49:58,560 --> 00:50:00,319 Speaker 1: go a long way. If you look at a lot 874 00:50:00,360 --> 00:50:03,120 Speaker 1: of the cases being linked to the event with the 875 00:50:03,160 --> 00:50:06,480 Speaker 1: Supreme Court nomination announcement, you can just take a look 876 00:50:06,480 --> 00:50:09,040 Speaker 1: at those pictures and the hugging and how closely packed 877 00:50:09,080 --> 00:50:12,200 Speaker 1: people were together, and you've seen multiple people that attended 878 00:50:12,200 --> 00:50:15,399 Speaker 1: that event become sick, and the contact tracing will show 879 00:50:15,440 --> 00:50:17,840 Speaker 1: whether or not that actually was a super spreading event. 880 00:50:17,880 --> 00:50:20,239 Speaker 1: But by by all measures, it really looks like that 881 00:50:20,280 --> 00:50:23,800 Speaker 1: from from the outside, with Senators and and Kelly and 882 00:50:23,880 --> 00:50:25,960 Speaker 1: Conway as well as the president of Notre Dame and 883 00:50:26,200 --> 00:50:30,200 Speaker 1: other individuals you attended that event all infected in that 884 00:50:30,280 --> 00:50:32,320 Speaker 1: type of an event is something that you really shouldn't 885 00:50:32,360 --> 00:50:34,160 Speaker 1: be having in this type of a pandemic, at least 886 00:50:34,200 --> 00:50:36,440 Speaker 1: in the man of the day set it up. We 887 00:50:36,480 --> 00:50:39,280 Speaker 1: are talking with Ams Adalga, the professor at Johns Hopkins 888 00:50:39,280 --> 00:50:42,480 Speaker 1: Bloomberg School of Public Health. Can we expand on that 889 00:50:42,560 --> 00:50:45,080 Speaker 1: just a little bit, because we have heard a lot 890 00:50:45,120 --> 00:50:48,000 Speaker 1: about how covid is spread droplets in the air or 891 00:50:48,120 --> 00:50:51,600 Speaker 1: left on a door knob or a handrail, whether it's 892 00:50:51,760 --> 00:50:55,200 Speaker 1: inhaled or whether it's by touch. When you, in your 893 00:50:55,239 --> 00:50:58,960 Speaker 1: professional capacity see those things like the rallies or debates, 894 00:51:00,040 --> 00:51:03,520 Speaker 1: what can you specifically pick out of the scenarios and say, Okay, 895 00:51:03,560 --> 00:51:06,200 Speaker 1: that's a risk, that's a risk that shouldn't be happening. 896 00:51:06,520 --> 00:51:09,960 Speaker 1: Itemize that force if you could. The two biggest things 897 00:51:10,080 --> 00:51:13,680 Speaker 1: are that people are within six ft of each other, 898 00:51:13,719 --> 00:51:17,319 Speaker 1: there's not social distancing, and not many of them are 899 00:51:17,360 --> 00:51:19,719 Speaker 1: wearing face coverings. And many of them are getting a 900 00:51:19,719 --> 00:51:22,040 Speaker 1: false sense of security because they go through some testing 901 00:51:22,040 --> 00:51:24,359 Speaker 1: protocol that happens at the White House. But you might 902 00:51:24,560 --> 00:51:26,160 Speaker 1: just you have to remember that the test is only 903 00:51:26,200 --> 00:51:28,800 Speaker 1: one moment in time. So those are the big things. 904 00:51:28,840 --> 00:51:32,480 Speaker 1: It's it's really it's when you think about surface transmission 905 00:51:32,800 --> 00:51:36,440 Speaker 1: railings and touching things. That's secondary. The big thing you 906 00:51:36,480 --> 00:51:38,840 Speaker 1: need to do to keep control of these cases is 907 00:51:38,880 --> 00:51:42,000 Speaker 1: have social distancing become a norm when you have people 908 00:51:42,040 --> 00:51:44,560 Speaker 1: mixing that that haven't mixed before, when you have large 909 00:51:44,560 --> 00:51:47,600 Speaker 1: groups like that, and and also including face coverings as 910 00:51:47,640 --> 00:51:50,560 Speaker 1: part of the policy in order to just uh make 911 00:51:50,600 --> 00:51:52,839 Speaker 1: it less likely that the virus finds it's away from 912 00:51:52,840 --> 00:51:55,040 Speaker 1: one person to another. That's what that's what jumps out 913 00:51:55,040 --> 00:51:56,680 Speaker 1: of me. When you see any of these rallies, it's 914 00:51:56,719 --> 00:51:59,880 Speaker 1: just or or the White House Supreme Court event, it's 915 00:51:59,880 --> 00:52:03,000 Speaker 1: just too many people, too close together without any feast 916 00:52:03,080 --> 00:52:05,640 Speaker 1: coverings in an environment when you know the virus is 917 00:52:05,680 --> 00:52:08,040 Speaker 1: likely to be there. Just based on the community level 918 00:52:08,040 --> 00:52:11,000 Speaker 1: of transmission we have throughout the country. You mentioned the 919 00:52:11,200 --> 00:52:15,680 Speaker 1: Amy Coney Barrett nomination event at the White House last week. 920 00:52:15,719 --> 00:52:20,320 Speaker 1: Are you concerned that there could be other incubations happening 921 00:52:20,480 --> 00:52:24,960 Speaker 1: within other attendees as we speak. I am. This is 922 00:52:25,000 --> 00:52:28,719 Speaker 1: going to be an extensive contact tracing operation of contacting 923 00:52:28,719 --> 00:52:31,239 Speaker 1: all of those individuals and assessing them to see if 924 00:52:31,239 --> 00:52:32,800 Speaker 1: they're getting sick, if they see if they need to 925 00:52:32,800 --> 00:52:36,040 Speaker 1: be tested, and then kind of following their secondary contacts. 926 00:52:36,040 --> 00:52:38,279 Speaker 1: So so this is something that's going to have kind 927 00:52:38,280 --> 00:52:40,759 Speaker 1: of long tentacles. That's what happens when you have a 928 00:52:40,760 --> 00:52:42,879 Speaker 1: mass gathering like that. We've seen this with weddings, We've 929 00:52:42,880 --> 00:52:45,600 Speaker 1: seen this with funerals and conferences. This is going to 930 00:52:45,640 --> 00:52:47,920 Speaker 1: be the new normal when you have a mass gathering 931 00:52:48,200 --> 00:52:50,719 Speaker 1: that this is you have to put things into place 932 00:52:50,840 --> 00:52:54,120 Speaker 1: or you will get change. The transmission started very briefly 933 00:52:54,160 --> 00:52:56,480 Speaker 1: when we have a couple of minutes here, But how 934 00:52:56,520 --> 00:53:00,400 Speaker 1: can you handle contatact contact tracing for some like a 935 00:53:00,440 --> 00:53:03,160 Speaker 1: world leader who travels with a huge entourage in front 936 00:53:03,200 --> 00:53:06,680 Speaker 1: of large crowds, where do you even start. We have 937 00:53:06,719 --> 00:53:09,319 Speaker 1: to remember that not everybody has a significant contact. It's 938 00:53:09,360 --> 00:53:13,800 Speaker 1: ten to fifteen minutes unmasked within six feet. And because 939 00:53:13,840 --> 00:53:16,160 Speaker 1: he is the most protective person on the planet, the 940 00:53:16,200 --> 00:53:18,400 Speaker 1: Secret Service knows who was in contact with him and 941 00:53:18,440 --> 00:53:20,960 Speaker 1: who wasn't in contact with him, So you can quickly 942 00:53:21,200 --> 00:53:24,120 Speaker 1: start to decide who needs to be contacted, and who 943 00:53:24,160 --> 00:53:27,200 Speaker 1: needs to be tested, and and who doesn't. And I 944 00:53:27,200 --> 00:53:29,600 Speaker 1: think that's what you're already seeing, at least what we're 945 00:53:29,640 --> 00:53:32,399 Speaker 1: reporting that the vice president didn't have significant contact during 946 00:53:32,440 --> 00:53:35,560 Speaker 1: the time that that the president was contagious. So the 947 00:53:35,640 --> 00:53:38,600 Speaker 1: vice president has resumed his schedule. Joe Biden is a 948 00:53:38,719 --> 00:53:42,320 Speaker 1: campaigning and I guess was deemed a non significant contact 949 00:53:42,320 --> 00:53:45,560 Speaker 1: because the six feet distance was was kept during the 950 00:53:45,560 --> 00:53:48,239 Speaker 1: debate when they were together. So so I think that 951 00:53:48,239 --> 00:53:49,799 Speaker 1: that's what makes it a little bit easier. And the 952 00:53:49,800 --> 00:53:51,279 Speaker 1: fact that it is the White House and they have 953 00:53:51,360 --> 00:53:53,560 Speaker 1: the logs of who he was in contact with, and 954 00:53:53,560 --> 00:53:56,040 Speaker 1: it's the White House calling, not a local Health Department 955 00:53:56,200 --> 00:53:58,560 Speaker 1: probably means people are going to comply a lot better 956 00:53:58,880 --> 00:54:01,279 Speaker 1: than than they do in the general community. But I 957 00:54:01,320 --> 00:54:04,160 Speaker 1: still think it's a daunting task and they're going to 958 00:54:04,280 --> 00:54:06,320 Speaker 1: have to work hard to to get to the bottom 959 00:54:06,360 --> 00:54:08,640 Speaker 1: of all of the transmissions. And it's something that could 960 00:54:08,680 --> 00:54:11,680 Speaker 1: have been prevented um with some simple measures. That's the 961 00:54:11,760 --> 00:54:15,520 Speaker 1: lesson at that event that led to so many infections. 962 00:54:16,200 --> 00:54:19,480 Speaker 1: Really appreciate getting your insights, professor, Thanks so much for 963 00:54:19,520 --> 00:54:23,000 Speaker 1: being with us on this special edition of Bloomberg Daybreak. 964 00:54:23,040 --> 00:54:27,160 Speaker 1: A mesh Adalgia teaches at Johns Hopkins Bloomberg School of 965 00:54:27,200 --> 00:54:30,640 Speaker 1: Public Health, which is supported by Michael R. Bloomberg, the 966 00:54:30,680 --> 00:54:33,719 Speaker 1: founder and majority owner of Bloomberg LP, that is the 967 00:54:33,760 --> 00:54:37,640 Speaker 1: parent company of Bloomberg Radio. And we have much more 968 00:54:37,840 --> 00:54:42,240 Speaker 1: coverage on this Bloomberg Daybreak special report as President Trump 969 00:54:42,360 --> 00:54:46,160 Speaker 1: has been diagnosed with the coronavirus and is seeking treatment 970 00:54:46,640 --> 00:54:50,760 Speaker 1: at Walter Reid National Military Medical Center. Uh. Straight ahead, 971 00:54:50,760 --> 00:54:53,239 Speaker 1: we're going to take a look at the political fallout 972 00:54:53,400 --> 00:54:57,920 Speaker 1: from the President's treatment. Greg Valier, chief US policy strategist 973 00:54:57,960 --> 00:55:00,719 Speaker 1: at A GF Investments, is going to join us to 974 00:55:00,760 --> 00:55:03,239 Speaker 1: break down the situation, what it means not just for 975 00:55:03,320 --> 00:55:07,560 Speaker 1: November three, but for policy in Washington and the impact 976 00:55:07,760 --> 00:55:12,600 Speaker 1: on markets. I'm Nathan Hager alongside Amy Morris and Michael Barr. 977 00:55:12,600 --> 00:55:18,640 Speaker 1: It's seven on Wall Street, and this is Bloomberg. This 978 00:55:18,880 --> 00:55:22,279 Speaker 1: is a Bloomberg day Break special report. It's seven seventeen 979 00:55:22,440 --> 00:55:25,800 Speaker 1: on Wall Street. I'm Nathan Hager, I'm Amy Morris. President 980 00:55:25,840 --> 00:55:29,160 Speaker 1: Trump admitted to the hospital to be treated for COVID nineteen. 981 00:55:29,560 --> 00:55:32,640 Speaker 1: It is a development threatening to upend the President's reelection 982 00:55:32,760 --> 00:55:35,520 Speaker 1: campaign in the weeks ahead. We're going to get more 983 00:55:35,520 --> 00:55:37,680 Speaker 1: on that in just a moment. The first the latest 984 00:55:37,719 --> 00:55:39,960 Speaker 1: on the health of the president. For that, we are 985 00:55:40,040 --> 00:55:43,640 Speaker 1: joined live by Bloomberg's Michael Barr. Michael, thank you very much. Amy. 986 00:55:43,719 --> 00:55:46,680 Speaker 1: President Donald Trump remains in a military hospital outside of 987 00:55:46,719 --> 00:55:50,120 Speaker 1: Washington after contracting the coronavirus. The whine now said his 988 00:55:50,200 --> 00:55:53,279 Speaker 1: symptoms were mild and that he would continue to work 989 00:55:53,320 --> 00:55:56,200 Speaker 1: from a swede at the Walter Reed National Military Medical 990 00:55:56,239 --> 00:56:00,480 Speaker 1: Center in Maryland. His hospitalization heightened fears that is condition 991 00:56:00,600 --> 00:56:05,000 Speaker 1: was more serious. The president's physician, Sean Connolly, said late 992 00:56:05,040 --> 00:56:08,480 Speaker 1: Friday night that Trump was being treated with the anti 993 00:56:08,719 --> 00:56:13,439 Speaker 1: viral drug m dissevere and did not require oxygen. More 994 00:56:13,520 --> 00:56:16,840 Speaker 1: and more prominent people in political circles revolving around Trump 995 00:56:16,880 --> 00:56:20,320 Speaker 1: tested positive for the virus. They included as campaign manager 996 00:56:20,360 --> 00:56:24,080 Speaker 1: Bill Steppian, two Republican senators, and a former top White 997 00:56:24,080 --> 00:56:28,000 Speaker 1: House aide Kelly Anne Conway. Global News twenty four hours 998 00:56:28,000 --> 00:56:31,160 Speaker 1: a day on air and on Bloomberg Quittake, powered by 999 00:56:31,200 --> 00:56:34,920 Speaker 1: more than journalists and analysts more than a hundred twenty countries. 1000 00:56:35,080 --> 00:56:38,200 Speaker 1: I'm Michael Barr, and this is Bloomberg Gaming. All right, 1001 00:56:38,200 --> 00:56:41,040 Speaker 1: Thank you, Michael. And while the President is receiving treatment 1002 00:56:41,040 --> 00:56:44,239 Speaker 1: at Walter Read, the political calendar stops for no one 1003 00:56:44,560 --> 00:56:48,240 Speaker 1: and nothing. We are just one month away from the election. 1004 00:56:48,640 --> 00:56:50,759 Speaker 1: For the political implications of all of this, we are 1005 00:56:50,840 --> 00:56:54,200 Speaker 1: joined now by Greg Valier, the chief US policy strategist 1006 00:56:54,280 --> 00:56:57,520 Speaker 1: at A GF Investments. Greg, it's always a pleasure to 1007 00:56:57,520 --> 00:56:59,239 Speaker 1: talk to you, and we thank you for taking the 1008 00:56:59,320 --> 00:57:02,440 Speaker 1: time on this Saturday morning. I have been wondering about 1009 00:57:02,640 --> 00:57:06,400 Speaker 1: your immediate thoughts upon hearing the President had contracted the 1010 00:57:06,480 --> 00:57:09,920 Speaker 1: virus and was being admitted to Walter Read. Well, you 1011 00:57:10,000 --> 00:57:12,680 Speaker 1: have to think, Amy that he is getting the best 1012 00:57:12,719 --> 00:57:16,400 Speaker 1: medical care in the world, and statistically the odds would 1013 00:57:16,400 --> 00:57:19,800 Speaker 1: favor him recovering. But at the same time, it was 1014 00:57:19,840 --> 00:57:23,040 Speaker 1: a shock to see this. Yeah, definitely a shock. I 1015 00:57:23,080 --> 00:57:26,480 Speaker 1: think that just inside Washington, but across the country. I mean, 1016 00:57:26,560 --> 00:57:30,400 Speaker 1: you've been following politics, Greg for a long time. Can 1017 00:57:30,440 --> 00:57:33,680 Speaker 1: you think of any precedent for something like this happening 1018 00:57:34,080 --> 00:57:38,920 Speaker 1: so close to an election? No, this is really totally 1019 00:57:38,960 --> 00:57:43,560 Speaker 1: uncharted waters. There's still so many unanswered questions in terms of, 1020 00:57:43,760 --> 00:57:46,720 Speaker 1: you know, whether Biden will campaign aggressively in the next 1021 00:57:46,840 --> 00:57:52,240 Speaker 1: fourteen days, whether the president comes back strongly, huge issues, Nathan, 1022 00:57:52,480 --> 00:57:55,640 Speaker 1: and I think that the bottom line for me is 1023 00:57:55,680 --> 00:57:58,320 Speaker 1: that forty eight hours ago, I thought Biden was the 1024 00:57:58,320 --> 00:58:01,840 Speaker 1: front runner. Today I still think Biden is the front runner. 1025 00:58:03,120 --> 00:58:05,520 Speaker 1: If we could, I'd like to expand just beyond the 1026 00:58:05,600 --> 00:58:09,320 Speaker 1: US borders, because we know already other White House officials 1027 00:58:09,560 --> 00:58:12,400 Speaker 1: have contracted the virus, some senators have. This is bound 1028 00:58:12,400 --> 00:58:15,959 Speaker 1: to spread at least somewhat some more. Does this put 1029 00:58:15,960 --> 00:58:20,720 Speaker 1: the US in a vulnerable position globally? I'm not sure. 1030 00:58:20,840 --> 00:58:23,640 Speaker 1: I think that the generals and pants and others are 1031 00:58:24,120 --> 00:58:28,480 Speaker 1: have things under control. But again, this is such uncharted waters. 1032 00:58:28,560 --> 00:58:32,360 Speaker 1: Just to give one example, will the Supreme Court case 1033 00:58:32,520 --> 00:58:38,560 Speaker 1: with a new new justice continue a couple of key senators, 1034 00:58:38,840 --> 00:58:42,400 Speaker 1: including Pillos of North Carolina, now have the virus. So 1035 00:58:42,920 --> 00:58:45,520 Speaker 1: everywhere you look, you see things where there are no 1036 00:58:45,880 --> 00:58:50,919 Speaker 1: certain answers. Do you think that a Supreme Court nomination 1037 00:58:51,360 --> 00:58:56,680 Speaker 1: and confirmation process can go forward smoothly if it does 1038 00:58:56,840 --> 00:58:59,920 Speaker 1: need to get to the point where it has to 1039 00:59:00,120 --> 00:59:04,280 Speaker 1: be held remotely because those couple of senators and who 1040 00:59:04,280 --> 00:59:07,920 Speaker 1: knows whether we could see more, UH can't appear in 1041 00:59:08,000 --> 00:59:11,920 Speaker 1: person because they're infected, well, at least a couple of them. 1042 00:59:12,000 --> 00:59:16,160 Speaker 1: I think UH will not be at the hearings, and 1043 00:59:16,200 --> 00:59:20,600 Speaker 1: you can't vote unless you're in person, so that could 1044 00:59:20,640 --> 00:59:24,200 Speaker 1: complicate things later in the month, No, no question about it. 1045 00:59:24,440 --> 00:59:28,480 Speaker 1: I still think odds would favor her confirmation in late October. 1046 00:59:29,440 --> 00:59:32,440 Speaker 1: And let's look at the negotiations over a stimulus package. 1047 00:59:32,480 --> 00:59:35,120 Speaker 1: What sort of position does this put Nancy the House Speaker, 1048 00:59:35,200 --> 00:59:38,760 Speaker 1: Nancy Pelosi in when it comes to those negotiations to 1049 00:59:38,880 --> 00:59:42,280 Speaker 1: be able to, you know, push her side and wanting 1050 00:59:42,320 --> 00:59:46,120 Speaker 1: to get more money in that package without looking frankly 1051 00:59:46,160 --> 00:59:49,280 Speaker 1: google ish, Yeah, that's a great point, Amy, I think 1052 00:59:49,320 --> 00:59:53,000 Speaker 1: that she now feels there's a chance to get a deal. 1053 00:59:53,640 --> 00:59:57,240 Speaker 1: Minution the Treasury Secretary still thinks there's a good chance 1054 00:59:57,280 --> 00:59:59,919 Speaker 1: for a deal. The problem is Mitch McConnell in many 1055 01:00:00,080 --> 01:00:04,200 Speaker 1: Republicans who see a deficit that's just exploding out of control. 1056 01:00:04,680 --> 01:00:07,040 Speaker 1: But I would have to say odds for a stimulus 1057 01:00:07,040 --> 01:00:10,200 Speaker 1: deal have gone from slim to to moderate just in 1058 01:00:10,200 --> 01:00:13,000 Speaker 1: the last forty eight hours. Where do you see the 1059 01:00:13,040 --> 01:00:18,600 Speaker 1: pressure points, uh, towards getting somewhere in the middle on stimulus. Obviously, 1060 01:00:18,640 --> 01:00:22,680 Speaker 1: the president's illness has put the impact of the coronavirus 1061 01:00:22,720 --> 01:00:25,400 Speaker 1: in focus. What about the jobs report that we got 1062 01:00:25,760 --> 01:00:30,120 Speaker 1: just yesterday that's showing still a tepid recovery in the 1063 01:00:30,200 --> 01:00:33,480 Speaker 1: labor market. Yeah, it was a pretty mediocre number, no 1064 01:00:33,640 --> 01:00:37,040 Speaker 1: question about it. I think that there's an increasingly compelling 1065 01:00:37,120 --> 01:00:40,240 Speaker 1: case to do a stimulus bill. I do think we'll 1066 01:00:40,240 --> 01:00:42,640 Speaker 1: get one. The question is when doesn't come in the 1067 01:00:42,680 --> 01:00:45,360 Speaker 1: next few weeks, or does it come after the election. 1068 01:00:45,400 --> 01:00:48,520 Speaker 1: But I do think another stimulus bill is very likely. 1069 01:00:48,720 --> 01:00:51,160 Speaker 1: You know, a really important point yesterday is that the 1070 01:00:51,200 --> 01:00:55,600 Speaker 1: President said we've rounded the corner. He's obviously trying to 1071 01:00:55,840 --> 01:00:59,840 Speaker 1: diminish concerns over this. Well, that's all demolished now. With 1072 01:01:00,080 --> 01:01:02,960 Speaker 1: President of the United States in the hospital. We have 1073 01:01:03,040 --> 01:01:06,080 Speaker 1: not necessarily rounded the corner, and I think we need 1074 01:01:06,120 --> 01:01:10,160 Speaker 1: another bill when a president is hospitalized, and we have 1075 01:01:10,280 --> 01:01:13,840 Speaker 1: had presidents hospitalized before. You find the rumors in the 1076 01:01:13,880 --> 01:01:18,600 Speaker 1: speculation and the conspiracy theories. Can we separate fact from fiction? 1077 01:01:18,640 --> 01:01:21,000 Speaker 1: Can you see how this would move the needle when 1078 01:01:21,040 --> 01:01:25,120 Speaker 1: it comes to say voter turnout or voter sympathy for 1079 01:01:25,360 --> 01:01:28,720 Speaker 1: this administration? Where do you see this going? Well, you know, 1080 01:01:28,800 --> 01:01:30,400 Speaker 1: you make a good point. I think there could be 1081 01:01:30,480 --> 01:01:34,920 Speaker 1: voter sympathy when Ronald Reagan was shot in you know, 1082 01:01:34,960 --> 01:01:38,400 Speaker 1: he handled it with humor and grace and came back quickly. 1083 01:01:38,760 --> 01:01:42,200 Speaker 1: You know, if Trump were able to replicate that, ironically, 1084 01:01:42,280 --> 01:01:46,040 Speaker 1: this could actually work to his favor. Yesterday we heard 1085 01:01:46,040 --> 01:01:48,680 Speaker 1: from how Speaker Pelosi saying she was more hopeful that 1086 01:01:48,760 --> 01:01:51,720 Speaker 1: we would get a stimulus and thinking that the president 1087 01:01:52,080 --> 01:01:54,400 Speaker 1: coming down with this virus would lead to a more 1088 01:01:54,480 --> 01:01:57,760 Speaker 1: serious response to the pandemic. Do you see that happening 1089 01:01:58,000 --> 01:02:00,880 Speaker 1: now that the president has been infected it? Yeah, I 1090 01:02:00,920 --> 01:02:04,600 Speaker 1: do think that's increasingly likely. I mean, the anecdotal evidence 1091 01:02:04,680 --> 01:02:09,360 Speaker 1: is really overwhelming. People worried about evictions, small businesses, their 1092 01:02:09,360 --> 01:02:13,000 Speaker 1: own personal finances. We are not out of the woods. 1093 01:02:13,080 --> 01:02:15,640 Speaker 1: And if you want proof, you've again you've got the 1094 01:02:15,680 --> 01:02:18,280 Speaker 1: President in the hospital. So I do think a deal 1095 01:02:18,360 --> 01:02:21,760 Speaker 1: is coming. I just don't know when, and we'll have 1096 01:02:21,840 --> 01:02:25,400 Speaker 1: to keep following it for now. Clock is ticking to 1097 01:02:25,560 --> 01:02:29,720 Speaker 1: election day. Greg Value, chief US policy strategist a GF Investments. 1098 01:02:29,800 --> 01:02:33,280 Speaker 1: Always great having you with us on Bloomberg Daybreaking. Thanks 1099 01:02:33,320 --> 01:02:37,160 Speaker 1: for coming in on overtime on this Saturday morning straight ahead. 1100 01:02:37,240 --> 01:02:41,480 Speaker 1: On this Bloomberg Daybreak special report on the President's treatment 1101 01:02:41,640 --> 01:02:46,120 Speaker 1: for COVID nineteen, we'll speak with Bloomberg News political reporter 1102 01:02:46,320 --> 01:02:50,560 Speaker 1: Tyler Pager. He's been embedded with the Biden campaign over 1103 01:02:50,560 --> 01:02:53,200 Speaker 1: the last several months, and he's going to speak with 1104 01:02:53,280 --> 01:02:58,240 Speaker 1: us about the Democratic presidential nominees response to the president's diagnosis, 1105 01:02:58,640 --> 01:03:02,280 Speaker 1: what it could be in with this campaign continuing now 1106 01:03:02,360 --> 01:03:07,560 Speaker 1: just thirty one days until the election, alongside Amy Morris 1107 01:03:07,560 --> 01:03:11,280 Speaker 1: and Michael Barr. I'm Nathan Hager. It is seven on 1108 01:03:11,400 --> 01:03:19,000 Speaker 1: Wall Street, and this is Bloomberg. This is a Bloomberg 1109 01:03:19,080 --> 01:03:22,400 Speaker 1: day Break special report. It is seven thirty on Wall Street. 1110 01:03:22,520 --> 01:03:25,960 Speaker 1: I'm Nathan Hagar, I'm Amy Morris. President Trump is at 1111 01:03:26,000 --> 01:03:29,800 Speaker 1: Walter Read Medical Center receiving treatment for COVID nineteen. He 1112 01:03:29,920 --> 01:03:33,400 Speaker 1: was diagnosed in the wee hours yesterday morning, and coming up, 1113 01:03:33,400 --> 01:03:35,680 Speaker 1: we're gonna take a look at the range of treatment 1114 01:03:35,720 --> 01:03:39,360 Speaker 1: options available to the President and how other campaigns are 1115 01:03:39,400 --> 01:03:42,400 Speaker 1: responding to this. But first we get the latest on 1116 01:03:42,480 --> 01:03:45,960 Speaker 1: President Trump's health with Bloomberg's at Michael Barr, Michael, thank 1117 01:03:46,000 --> 01:03:48,320 Speaker 1: you very much. Amy. President Donald Trump remains in a 1118 01:03:48,400 --> 01:03:52,160 Speaker 1: US military hospital outside of Washington after contracting the coronavirus. 1119 01:03:52,440 --> 01:03:55,120 Speaker 1: The White House said his symptoms were mild and that 1120 01:03:55,360 --> 01:03:57,480 Speaker 1: he would continue to work from a suite at the 1121 01:03:57,480 --> 01:04:01,600 Speaker 1: Walter Read National Military Medical Center in Maryland. Reaction continues 1122 01:04:01,640 --> 01:04:04,760 Speaker 1: to come in for President Trump. New Jersey Governor Phil 1123 01:04:04,800 --> 01:04:07,040 Speaker 1: Murphy says he reached out to the White House to 1124 01:04:07,080 --> 01:04:10,360 Speaker 1: wish the President and his wife is speedy recovery. If 1125 01:04:10,360 --> 01:04:12,720 Speaker 1: there is one thing we have learned in New Jersey 1126 01:04:12,800 --> 01:04:15,440 Speaker 1: over these past six or seven months, it is that 1127 01:04:15,520 --> 01:04:19,880 Speaker 1: we all pull together and support everyone fighting this virus. 1128 01:04:20,720 --> 01:04:24,400 Speaker 1: President Trump's campaign manager, Bill Steppie and tested positive for 1129 01:04:24,440 --> 01:04:29,400 Speaker 1: the coronavirus. Ron McDaniel, the chairwoman of the Republican National Committee, 1130 01:04:29,440 --> 01:04:33,600 Speaker 1: also announced Friday that she had tested positive. Joining top 1131 01:04:33,640 --> 01:04:37,280 Speaker 1: Trump aid hope Hicks, and numerous others. Global name is 1132 01:04:37,280 --> 01:04:39,880 Speaker 1: twenty four hours a day on air and on Bloomberg Quickday, 1133 01:04:39,880 --> 01:04:42,520 Speaker 1: powered by more than seven hundred journalist and analysts more 1134 01:04:42,520 --> 01:04:47,160 Speaker 1: than a hundred twenty countries. Michael Barr, this is Bloomberg. Nathan. Okay, Michael, 1135 01:04:47,200 --> 01:04:49,320 Speaker 1: thank you. Let's take a closer look now at how 1136 01:04:49,360 --> 01:04:53,800 Speaker 1: the Biden campaign is responding to President Trump's hospitalization. Bloomberg 1137 01:04:53,800 --> 01:04:57,520 Speaker 1: News political reporter Tyler Pager has been practically embedded with 1138 01:04:57,560 --> 01:05:00,360 Speaker 1: the Biden campaign for months, and he joins us now, 1139 01:05:00,760 --> 01:05:03,000 Speaker 1: good to have you with us this morning, Tyler. And 1140 01:05:03,080 --> 01:05:07,200 Speaker 1: it seems just to be blunt about it, that the 1141 01:05:07,280 --> 01:05:10,160 Speaker 1: tables are sort of turned here. For months, President Trump 1142 01:05:10,200 --> 01:05:14,760 Speaker 1: had been holding rallies while Biden was campaigning from home. 1143 01:05:15,040 --> 01:05:19,600 Speaker 1: Now presidents in the hospital and Joe Biden is out 1144 01:05:19,760 --> 01:05:23,840 Speaker 1: holding rallies. It's an interesting turn of events on its face, 1145 01:05:23,920 --> 01:05:26,240 Speaker 1: but it puts the former vice president in a pretty 1146 01:05:26,520 --> 01:05:30,400 Speaker 1: delicate position, doesn't it. Yeah, thanks so much for having 1147 01:05:30,400 --> 01:05:33,520 Speaker 1: me in and good morning to you guys. So I 1148 01:05:33,520 --> 01:05:36,120 Speaker 1: as as you said, I've been covering the Biden campaign 1149 01:05:36,160 --> 01:05:40,160 Speaker 1: for more than a year and and in March, really uh, 1150 01:05:40,560 --> 01:05:43,720 Speaker 1: his campaign really you know, sidelined. They didn't UM. He 1151 01:05:43,760 --> 01:05:46,480 Speaker 1: didn't leave his house for for months. He was campaigning 1152 01:05:46,600 --> 01:05:50,160 Speaker 1: virtually and then UM in this in the springing into 1153 01:05:50,200 --> 01:05:52,320 Speaker 1: the summer, he started a little bit to do small 1154 01:05:52,360 --> 01:05:55,680 Speaker 1: events in the Telaware in Pennsylvania area, and after Labor 1155 01:05:55,760 --> 01:05:58,480 Speaker 1: Day he really picked it up and started traveling more 1156 01:05:58,480 --> 01:06:01,520 Speaker 1: frequently to battleground state. But the one the one thing 1157 01:06:01,520 --> 01:06:04,720 Speaker 1: that his campaign has always UM maintained is that they 1158 01:06:04,720 --> 01:06:08,160 Speaker 1: would follow social distancing and public health guideline. So he's 1159 01:06:08,160 --> 01:06:11,840 Speaker 1: never held a rally, he's never held a massive event 1160 01:06:11,920 --> 01:06:14,840 Speaker 1: like Trump had, you know, these big thousand, more than 1161 01:06:14,920 --> 01:06:18,600 Speaker 1: thousand people rallies and airport hangers around the country. Biden 1162 01:06:18,680 --> 01:06:22,760 Speaker 1: was very careful about, you know, ensuring social distancing and 1163 01:06:23,200 --> 01:06:26,480 Speaker 1: requiring everyone to wear masks. And and that's what I 1164 01:06:26,480 --> 01:06:29,240 Speaker 1: think we'll see moving forward. I was with the former 1165 01:06:29,320 --> 01:06:32,600 Speaker 1: vice president yesterday and Grand Rapids, Michigan, a trip that 1166 01:06:32,720 --> 01:06:35,320 Speaker 1: was delayed after UH, you know, Biden had his own 1167 01:06:35,840 --> 01:06:38,120 Speaker 1: health scare that that he could have been exposed to 1168 01:06:38,160 --> 01:06:42,600 Speaker 1: Trump UH at the debate on Tuesday night in Cleveland. UM, 1169 01:06:42,800 --> 01:06:44,640 Speaker 1: And so they delayed the trip but ended up going 1170 01:06:44,680 --> 01:06:46,880 Speaker 1: through with it. There were fewer than twenty people at 1171 01:06:46,920 --> 01:06:49,240 Speaker 1: an outdoor speech that he gave at a at a 1172 01:06:49,360 --> 01:06:53,240 Speaker 1: union hall UM in Grand Rapids, Michigan, and gave a speech, 1173 01:06:53,280 --> 01:06:56,560 Speaker 1: did not remove his mask once um and tellered his 1174 01:06:56,600 --> 01:06:59,080 Speaker 1: message a little bit. Was was not as sharper with 1175 01:06:59,120 --> 01:07:02,520 Speaker 1: the criticism of the presidents usually see, but exactly that 1176 01:07:02,880 --> 01:07:05,120 Speaker 1: the tables have turned. He's out on the campaign trail 1177 01:07:05,200 --> 01:07:08,160 Speaker 1: and rumps in the hospital Tyler. I wanted to ask 1178 01:07:08,200 --> 01:07:12,640 Speaker 1: you about protocol within the campaign. Has anything changed since 1179 01:07:12,680 --> 01:07:15,200 Speaker 1: all of this came about, as far as perhaps more 1180 01:07:15,320 --> 01:07:19,520 Speaker 1: strict mask enforcement, more social distancing. I understand that they 1181 01:07:19,560 --> 01:07:23,680 Speaker 1: have been practicing those protocols all along, but do you 1182 01:07:23,680 --> 01:07:27,560 Speaker 1: see more precautions being taken. Yeah, so they've been pretty 1183 01:07:27,600 --> 01:07:31,560 Speaker 1: strict about it, UM for for months, and even UM 1184 01:07:31,640 --> 01:07:33,640 Speaker 1: in the past few weeks, you know, rushing it up 1185 01:07:33,680 --> 01:07:36,320 Speaker 1: a little bit. Every member of the traveling press is 1186 01:07:36,400 --> 01:07:40,040 Speaker 1: tested for coronavirus before they're able to travel with the 1187 01:07:40,080 --> 01:07:43,560 Speaker 1: former vice president. All the staff that that travels with 1188 01:07:43,560 --> 01:07:46,640 Speaker 1: with Biden as well as tested UM and so since 1189 01:07:46,680 --> 01:07:50,280 Speaker 1: he started traveling, those have been kind of precautions. UM. 1190 01:07:50,360 --> 01:07:52,360 Speaker 1: You must wear a mask at all time. The events 1191 01:07:52,360 --> 01:07:55,600 Speaker 1: are kept very small they have those white social distance 1192 01:07:55,520 --> 01:07:59,680 Speaker 1: and distancing circles. Most of the events are held outside, 1193 01:08:00,040 --> 01:08:02,960 Speaker 1: and they're very careful to follow state and city huidelines 1194 01:08:03,000 --> 01:08:06,320 Speaker 1: about the number of people that King cather UM. So 1195 01:08:06,320 --> 01:08:09,480 Speaker 1: so really it hasn't changed that much in the in 1196 01:08:09,520 --> 01:08:12,000 Speaker 1: the past twenty four hours because there's not much more 1197 01:08:12,080 --> 01:08:15,120 Speaker 1: that they can do. UM. They've been very careful to 1198 01:08:15,280 --> 01:08:18,360 Speaker 1: try UM and a bide by all the guidelines for 1199 01:08:18,439 --> 01:08:21,280 Speaker 1: months and not signal that we've gotten that. They're going 1200 01:08:21,360 --> 01:08:23,479 Speaker 1: to just continue to do that and feel they're being 1201 01:08:23,520 --> 01:08:26,200 Speaker 1: as sad as they can. UM with with the travel, 1202 01:08:26,840 --> 01:08:29,639 Speaker 1: Let's take a look at the Biden campaign strategy going 1203 01:08:29,760 --> 01:08:33,000 Speaker 1: forward with just about a month left until election day. 1204 01:08:33,240 --> 01:08:37,439 Speaker 1: Of course, the Biden campaign has pulled down negative ads 1205 01:08:37,680 --> 01:08:40,280 Speaker 1: for now. Is it just for now or what are 1206 01:08:40,320 --> 01:08:45,439 Speaker 1: you hearing about how the response could go as the 1207 01:08:45,520 --> 01:08:50,000 Speaker 1: hospitalization of the president continues, right, I think it's hard 1208 01:08:50,040 --> 01:08:52,880 Speaker 1: to say exactly how you know the the negative ad 1209 01:08:53,000 --> 01:08:57,240 Speaker 1: piece of it will play. They're watching this situation unfold 1210 01:08:57,280 --> 01:08:59,400 Speaker 1: with the rest of us in terms of how serious 1211 01:08:59,479 --> 01:09:02,360 Speaker 1: the president dignosis is and and how long he'll remain 1212 01:09:02,400 --> 01:09:04,639 Speaker 1: in the hospital. Right now, the White House is saying 1213 01:09:04,720 --> 01:09:07,599 Speaker 1: a few days. UM, if he leaves the hospital, maybe 1214 01:09:07,640 --> 01:09:10,000 Speaker 1: you'll see those negative ads come back. The campaign has 1215 01:09:10,000 --> 01:09:13,439 Speaker 1: not signaled either way. But but I think the biggest 1216 01:09:13,479 --> 01:09:15,519 Speaker 1: change for Biden is just the way that he needs 1217 01:09:15,560 --> 01:09:19,240 Speaker 1: to navigate the messaging. For months, he's hammered Trump over 1218 01:09:19,360 --> 01:09:22,759 Speaker 1: his miss what he calls mismanagement of this coronavirus response 1219 01:09:23,120 --> 01:09:27,200 Speaker 1: UM and and really criticizing him for not following these guysins, 1220 01:09:27,280 --> 01:09:30,759 Speaker 1: not wearing a mask, not social distancing, and and overall 1221 01:09:30,800 --> 01:09:33,000 Speaker 1: just not taking the virus seriously. I think we saw 1222 01:09:33,000 --> 01:09:36,040 Speaker 1: the star contrast just on Thursday night, both Biden and 1223 01:09:36,080 --> 01:09:38,960 Speaker 1: Trump film videos for the the Al Smith Dinner in 1224 01:09:39,000 --> 01:09:43,440 Speaker 1: New York City, and Trump said, the viruses is we're 1225 01:09:43,479 --> 01:09:46,200 Speaker 1: in the We're almost in the clear. The viruses, you know, 1226 01:09:46,640 --> 01:09:49,080 Speaker 1: going to be behind us eortly and and and and 1227 01:09:49,080 --> 01:09:52,880 Speaker 1: Biden said, well, this is a really difficult moment for America. 1228 01:09:53,080 --> 01:09:56,000 Speaker 1: And I think these contrasted messages emphasized, you know, the 1229 01:09:56,080 --> 01:09:58,679 Speaker 1: different ways that they've handled this. And now that Trump 1230 01:09:58,680 --> 01:10:01,599 Speaker 1: has contrasted the virus, Biding is telling me a little 1231 01:10:01,600 --> 01:10:05,360 Speaker 1: bit more carefully, you know, reiterating the importance of public 1232 01:10:05,400 --> 01:10:09,920 Speaker 1: health guidelines UM while also you know, being clear that 1233 01:10:09,920 --> 01:10:12,240 Speaker 1: that he feels the president has not always followed the 1234 01:10:12,240 --> 01:10:17,040 Speaker 1: guidelines at his own health, health team and government departments. Upset. 1235 01:10:17,720 --> 01:10:19,640 Speaker 1: Very briefly, Tyler, you did have a story on the 1236 01:10:19,640 --> 01:10:22,000 Speaker 1: Bloomberg terminal. You were able to get a scoop on 1237 01:10:22,040 --> 01:10:25,720 Speaker 1: the prep for the vice presidential debate coming up on Tuesday. 1238 01:10:25,760 --> 01:10:28,680 Speaker 1: Is there anything changing now from that prep work that 1239 01:10:28,720 --> 01:10:31,200 Speaker 1: you have seen for that debate now that the president 1240 01:10:31,240 --> 01:10:34,400 Speaker 1: has been diagnosed? Got about a minute here, Yeah, So 1241 01:10:34,520 --> 01:10:36,840 Speaker 1: the biggest change just happened last night is the Debate 1242 01:10:36,840 --> 01:10:41,840 Speaker 1: Commission agreed to keep Kama Harrison Mike Pens further apart um, 1243 01:10:41,880 --> 01:10:44,840 Speaker 1: moving from seven feet to twelve feet. So that was 1244 01:10:44,880 --> 01:10:47,920 Speaker 1: something that that Biden Harris campaign wanted to be the 1245 01:10:48,040 --> 01:10:51,120 Speaker 1: more distance between the candidates UM and and it seems 1246 01:10:51,160 --> 01:10:54,479 Speaker 1: like all parties agreed to that UM. So we'll see 1247 01:10:54,479 --> 01:10:57,000 Speaker 1: Wednesday night. Uh, Kama Harrison might tend to take the 1248 01:10:57,000 --> 01:10:59,320 Speaker 1: stage in Salt Lake City, UM and be a little 1249 01:10:59,320 --> 01:11:04,080 Speaker 1: bit further apart than initially planned. And just very quickly here, Tyler, 1250 01:11:04,120 --> 01:11:07,479 Speaker 1: I mean, this diagnosis for the president puts a lot 1251 01:11:07,520 --> 01:11:10,160 Speaker 1: more focus on this vice presidential debate. In just a 1252 01:11:10,160 --> 01:11:14,559 Speaker 1: couple of days. I think usually the vice presidential debate 1253 01:11:14,640 --> 01:11:17,640 Speaker 1: is not nearly as as as highly watched as the 1254 01:11:17,680 --> 01:11:20,439 Speaker 1: presidential debate. But given that we don't even know if 1255 01:11:20,479 --> 01:11:22,719 Speaker 1: there will be able to be more presidential debates between 1256 01:11:22,720 --> 01:11:25,479 Speaker 1: Biden and Trump as the president recovers, I think a 1257 01:11:25,479 --> 01:11:27,599 Speaker 1: lot of attention are going to be on on Harrison 1258 01:11:27,680 --> 01:11:30,839 Speaker 1: Pens as they kind of spar um defending their own records, 1259 01:11:30,840 --> 01:11:32,439 Speaker 1: but also the people at the top of the tickets 1260 01:11:32,479 --> 01:11:34,960 Speaker 1: that they're hoping to serve with for Pence again and 1261 01:11:35,000 --> 01:11:37,799 Speaker 1: for Harrison for for a new term with with Biden, 1262 01:11:38,760 --> 01:11:41,880 Speaker 1: so many questions that, so many issues in focus as 1263 01:11:42,120 --> 01:11:46,080 Speaker 1: we had closer to that vice presidential debate, with the 1264 01:11:46,120 --> 01:11:49,720 Speaker 1: presidents of course potentially watching from the sidelines here as 1265 01:11:49,720 --> 01:11:52,840 Speaker 1: he continues to recover from coronavirus at Walter read Bloomberg 1266 01:11:52,840 --> 01:11:55,479 Speaker 1: News political reporter Tyler Pager thank you again for being 1267 01:11:55,520 --> 01:11:58,439 Speaker 1: with us this morning, and as we continue this special 1268 01:11:58,479 --> 01:12:01,599 Speaker 1: report on Bloomberg day Break, we will continue to watch 1269 01:12:01,720 --> 01:12:05,240 Speaker 1: the fallout for the political races and within the walls 1270 01:12:05,320 --> 01:12:08,200 Speaker 1: of the White House how the executive branch plans to 1271 01:12:08,200 --> 01:12:11,600 Speaker 1: push on as the commander in chief receives treatment. It 1272 01:12:11,760 --> 01:12:15,200 Speaker 1: is seven thirty nine on Wall Street. This is Bloomberg. 1273 01:12:17,200 --> 01:12:20,200 Speaker 1: This is a Bloomberg day Break special report. It's seven 1274 01:12:20,960 --> 01:12:23,880 Speaker 1: on Wall Street. I'm Nathan Hagar, I'm Amy Moore. As 1275 01:12:23,920 --> 01:12:27,240 Speaker 1: President Trump has been admitted to Walter Reed Hospital to 1276 01:12:27,320 --> 01:12:30,639 Speaker 1: be treated for COVID nineteen. It is a development threatening 1277 01:12:30,680 --> 01:12:33,840 Speaker 1: to upend operations at the White House in the coming days. 1278 01:12:34,080 --> 01:12:36,120 Speaker 1: We're going to get more on that in a moment, 1279 01:12:36,160 --> 01:12:39,080 Speaker 1: but first the latest on the president's health. For that, 1280 01:12:39,120 --> 01:12:42,200 Speaker 1: we're joined live by Bloomberg's Michael Barr. Michael, thank you 1281 01:12:42,280 --> 01:12:45,599 Speaker 1: very much. Amy. Stricken by COVID nineteen, President Donald Trump 1282 01:12:46,040 --> 01:12:49,040 Speaker 1: has been flown to Walter Reed Military Hospital, where he 1283 01:12:49,160 --> 01:12:53,040 Speaker 1: is being given rem dissevere therapy after being injected with 1284 01:12:53,080 --> 01:12:56,240 Speaker 1: an experimental drug combination and treatment at the White House. 1285 01:12:56,600 --> 01:12:59,400 Speaker 1: The White House said Trump is expected to stay for 1286 01:12:59,479 --> 01:13:02,719 Speaker 1: a few days. They say he would continue to work 1287 01:13:02,720 --> 01:13:05,839 Speaker 1: from the hospital's Presidential Suite, which is equipped to allow 1288 01:13:05,960 --> 01:13:09,479 Speaker 1: him to keep up his official duties. The President released 1289 01:13:09,479 --> 01:13:12,479 Speaker 1: a video thanking people for their support and saying he 1290 01:13:12,560 --> 01:13:16,320 Speaker 1: was going to Walter Read that's a precaution. I think 1291 01:13:16,360 --> 01:13:19,679 Speaker 1: I'm doing very well, but we're going to make sure 1292 01:13:19,800 --> 01:13:24,040 Speaker 1: that things work out. The first Lady is doing very well. Meanwhile, 1293 01:13:24,080 --> 01:13:27,120 Speaker 1: more people in Trump's inner circle have tested positive for 1294 01:13:27,120 --> 01:13:30,000 Speaker 1: the virus, and a tweet former Trump campaign manager Kelly 1295 01:13:30,000 --> 01:13:34,040 Speaker 1: Anne Conway says she tested positive for COVID nineteen. President 1296 01:13:34,040 --> 01:13:37,320 Speaker 1: Trump's campaign manager Bill Steppi and also tested positive for 1297 01:13:37,560 --> 01:13:40,439 Speaker 1: COVID nineteen. On Fronday, Global News twenty four hours a 1298 01:13:40,520 --> 01:13:43,400 Speaker 1: day on air and on Bloomberg Quicktake, powered by more 1299 01:13:43,479 --> 01:13:46,799 Speaker 1: than journalists and analysts more than a hundred twenty countries. 1300 01:13:47,200 --> 01:13:50,479 Speaker 1: Michael Mark, this is Bloomberg Amy, all right, thank you, Michael. 1301 01:13:50,520 --> 01:13:53,040 Speaker 1: While the president is receiving treatment at Wall to Read, 1302 01:13:53,080 --> 01:13:56,839 Speaker 1: there are questions about how the executive branch may function 1303 01:13:56,880 --> 01:14:00,400 Speaker 1: if his condition does get worse. Plus there's political fallout. 1304 01:14:00,439 --> 01:14:03,040 Speaker 1: There's only a month until the election. Let's talk about 1305 01:14:03,040 --> 01:14:06,280 Speaker 1: this with Jennie Zo, the Bloomberg Radio contributor and political 1306 01:14:06,280 --> 01:14:09,639 Speaker 1: science professor at i own A College. Jenny, it is 1307 01:14:09,720 --> 01:14:11,760 Speaker 1: such a pleasure to talk to you. Thanks for taking 1308 01:14:11,760 --> 01:14:14,639 Speaker 1: the time with us on the Saturday morning. I gotta 1309 01:14:14,680 --> 01:14:17,880 Speaker 1: say we've seen this before, right, a president being hospitalized. 1310 01:14:17,960 --> 01:14:21,559 Speaker 1: That is not unprecedented, but it does feel different because 1311 01:14:21,560 --> 01:14:23,879 Speaker 1: there is so much going on. You've got the election 1312 01:14:23,920 --> 01:14:26,960 Speaker 1: in just a few weeks, the Supreme Court nomination pending, 1313 01:14:27,000 --> 01:14:31,840 Speaker 1: a lot of pressure there, plus stimulus negotiations ongoing. How 1314 01:14:32,000 --> 01:14:35,680 Speaker 1: does the business of government continue with the president in 1315 01:14:35,720 --> 01:14:39,719 Speaker 1: the hospital? Good morning, It's so good to talk to you. Yeah, 1316 01:14:39,720 --> 01:14:41,920 Speaker 1: I think this is just you know, we all know 1317 01:14:42,040 --> 01:14:45,719 Speaker 1: this year has been so unprecedented. It's almost every day 1318 01:14:45,760 --> 01:14:49,160 Speaker 1: it seems to be another breaking story. It's hard to believe. 1319 01:14:49,200 --> 01:14:51,120 Speaker 1: It was just earlier this week with the New York 1320 01:14:51,120 --> 01:14:53,840 Speaker 1: Times tax story. It's followed by the debate, and then 1321 01:14:53,920 --> 01:14:57,160 Speaker 1: unfortunately the president and the first lady contracting the virus. 1322 01:14:57,240 --> 01:14:59,400 Speaker 1: So this all going on, as you mentioned, in the 1323 01:14:59,400 --> 01:15:02,479 Speaker 1: midst of the election, and a Supreme Court nomination, and 1324 01:15:02,560 --> 01:15:05,760 Speaker 1: of course an economic crisis as well. So I do 1325 01:15:05,840 --> 01:15:08,600 Speaker 1: think this is a big question people have. Can the 1326 01:15:08,680 --> 01:15:12,840 Speaker 1: President indeed conduct his duties? Um? I think I, along 1327 01:15:12,880 --> 01:15:15,120 Speaker 1: with so many Americans, was a bit shocked when we 1328 01:15:15,160 --> 01:15:18,240 Speaker 1: heard the President was being taken to Walter Read yesterday 1329 01:15:18,280 --> 01:15:20,960 Speaker 1: and you saw the helicopter land at the White House, 1330 01:15:21,000 --> 01:15:24,599 Speaker 1: because of course we know the president can be treated 1331 01:15:24,640 --> 01:15:26,519 Speaker 1: at the White House, and they usually only go to 1332 01:15:26,560 --> 01:15:30,040 Speaker 1: Walter Read if it's serious. It was reassuring. Of course, 1333 01:15:30,080 --> 01:15:32,080 Speaker 1: to see the video where he came out and said 1334 01:15:32,120 --> 01:15:34,799 Speaker 1: he was doing well, This was out an abundance of caution. 1335 01:15:35,280 --> 01:15:37,880 Speaker 1: But I do think the question that Americans have is 1336 01:15:37,920 --> 01:15:40,040 Speaker 1: that this is a White House that has been a 1337 01:15:40,080 --> 01:15:43,200 Speaker 1: bit slow in the last few days to give information. 1338 01:15:43,560 --> 01:15:46,479 Speaker 1: It was, of course Bloomberg that broke the news that 1339 01:15:46,560 --> 01:15:49,200 Speaker 1: Hope Hicks was infected. The White House knew and did 1340 01:15:49,240 --> 01:15:51,760 Speaker 1: not break the news. And the President was traveling to 1341 01:15:51,800 --> 01:15:54,920 Speaker 1: New Jersey for a fundraiser that day. So those kinds 1342 01:15:54,960 --> 01:15:57,559 Speaker 1: of things I think give people pause. Are we getting 1343 01:15:57,600 --> 01:16:00,200 Speaker 1: the information we need out of the White House? Is 1344 01:16:00,240 --> 01:16:03,479 Speaker 1: the President equipped at this point? Is he physically able 1345 01:16:03,520 --> 01:16:05,479 Speaker 1: to govern? We understand he has a low grade fever. 1346 01:16:05,920 --> 01:16:09,880 Speaker 1: We understand that he is experiencing mild symptoms, And of 1347 01:16:09,880 --> 01:16:12,719 Speaker 1: course if he's not, who is going to be governing 1348 01:16:12,760 --> 01:16:15,800 Speaker 1: in his wake? Is it the Vice president? Um? Is 1349 01:16:15,840 --> 01:16:18,960 Speaker 1: it somebody other high level in the White House who 1350 01:16:19,040 --> 01:16:21,640 Speaker 1: is handling the business of the American people. And as 1351 01:16:21,680 --> 01:16:23,760 Speaker 1: you mentioned, this is not just about the President. We've 1352 01:16:23,800 --> 01:16:27,360 Speaker 1: got other people in the administration, high level senators, and 1353 01:16:27,400 --> 01:16:29,960 Speaker 1: of course people in his own campaign who have we know, 1354 01:16:30,040 --> 01:16:32,280 Speaker 1: have been infected as well. So all of those things 1355 01:16:32,320 --> 01:16:35,560 Speaker 1: giving us pause about the question of book governing and campaigning. 1356 01:16:36,040 --> 01:16:39,400 Speaker 1: So many questions unanswered due to the relative lack of 1357 01:16:39,479 --> 01:16:42,719 Speaker 1: transparency from the White House so far. Do you expect 1358 01:16:42,760 --> 01:16:46,439 Speaker 1: that we will get more information from the White House, professor? 1359 01:16:46,640 --> 01:16:50,599 Speaker 1: And what does the relative lack of information we've gotten 1360 01:16:50,680 --> 01:16:54,960 Speaker 1: so far due to voter confidence heading into the election. 1361 01:16:55,920 --> 01:16:58,840 Speaker 1: You know, I would hope we would get more information, 1362 01:16:58,920 --> 01:17:01,479 Speaker 1: but I am not at this point hopeful about that. 1363 01:17:01,560 --> 01:17:05,200 Speaker 1: This has been an administration that has not handled crises 1364 01:17:05,800 --> 01:17:09,559 Speaker 1: very well when it comes to leveling with the American people. 1365 01:17:09,760 --> 01:17:12,320 Speaker 1: And so, you know, I think we all think back 1366 01:17:12,360 --> 01:17:15,120 Speaker 1: to those tapes that were released with the President telling 1367 01:17:15,160 --> 01:17:18,439 Speaker 1: Bob Woodward that in fact, he wasn't upfront with the 1368 01:17:18,439 --> 01:17:21,840 Speaker 1: American public because he didn't want people to, you know, 1369 01:17:22,000 --> 01:17:26,439 Speaker 1: experience panic. Well, in a pandemic, the President, the White House, 1370 01:17:26,479 --> 01:17:29,240 Speaker 1: the administration has the level with the American public. So 1371 01:17:29,600 --> 01:17:32,640 Speaker 1: it's indicative of what I think is making people, you know, 1372 01:17:33,080 --> 01:17:35,879 Speaker 1: a bit concerned that at this point is the President 1373 01:17:36,439 --> 01:17:39,280 Speaker 1: mildly ill or is it something more serious they're not 1374 01:17:39,360 --> 01:17:42,880 Speaker 1: telling us, We don't know. I think another concern is 1375 01:17:42,920 --> 01:17:45,759 Speaker 1: that the President, of course, is very much in charge 1376 01:17:45,800 --> 01:17:47,880 Speaker 1: of this White House and in charge of the campaign. 1377 01:17:48,320 --> 01:17:50,679 Speaker 1: And if he is not able to do that, who 1378 01:17:50,720 --> 01:17:53,920 Speaker 1: do they who fills those shoes? Can anybody in the 1379 01:17:53,960 --> 01:17:57,599 Speaker 1: campaign sense? I don't think anybody can In the governing sense, 1380 01:17:57,760 --> 01:18:00,200 Speaker 1: I would assume it would be the chief of up 1381 01:18:00,320 --> 01:18:03,280 Speaker 1: or more importantly, the vice president. And yet that there's 1382 01:18:03,320 --> 01:18:07,760 Speaker 1: a constitutional way in which that designation is made, and obviously, 1383 01:18:07,760 --> 01:18:10,040 Speaker 1: as far as we know of that has not been 1384 01:18:10,080 --> 01:18:12,720 Speaker 1: made yet leads us to believe the President is still 1385 01:18:12,760 --> 01:18:15,000 Speaker 1: working from Walter read and is able to do that. 1386 01:18:15,360 --> 01:18:18,320 Speaker 1: But again, not a lot of confidence in the ability 1387 01:18:18,400 --> 01:18:20,360 Speaker 1: or the willingness of the White House to be upfront 1388 01:18:20,360 --> 01:18:22,680 Speaker 1: about that at this point. And of course, from a 1389 01:18:22,800 --> 01:18:25,879 Speaker 1: human perspective, they are struggling with their own health issues 1390 01:18:25,960 --> 01:18:30,160 Speaker 1: and adjusting to a situation you know, nobody would expect 1391 01:18:30,200 --> 01:18:32,559 Speaker 1: to have to work under, and that creates a lot 1392 01:18:32,600 --> 01:18:35,320 Speaker 1: of concern as well. Are the protocols in place for 1393 01:18:35,360 --> 01:18:38,160 Speaker 1: them to handle something like this. We are speaking with 1394 01:18:38,240 --> 01:18:42,280 Speaker 1: Jennie Zano, Bloomberg radio contributor and political science professor at 1395 01:18:42,320 --> 01:18:46,800 Speaker 1: Iona College, UH and let's put a little historical perspective 1396 01:18:46,920 --> 01:18:49,679 Speaker 1: on what you were just explaining because remember when Ronald 1397 01:18:49,680 --> 01:18:53,639 Speaker 1: Reagan had colon cancer surgery, he was hospitalized for a week. 1398 01:18:53,880 --> 01:18:56,479 Speaker 1: He did not invoke that clause in the twenty amend 1399 01:18:56,520 --> 01:18:59,200 Speaker 1: meant to transfer power to the vice president. But in 1400 01:18:59,240 --> 01:19:02,400 Speaker 1: two thousand two, President Bush had a colonoscopy. He was 1401 01:19:02,439 --> 01:19:04,800 Speaker 1: only out for about twenty minutes, but did invoke that 1402 01:19:04,840 --> 01:19:07,960 Speaker 1: clause because the War on Terror was ongoing, he felt 1403 01:19:08,000 --> 01:19:11,400 Speaker 1: it was necessary. So what sort of threshold would this 1404 01:19:11,520 --> 01:19:15,360 Speaker 1: president you have to meet to invoke that clause or 1405 01:19:15,479 --> 01:19:18,200 Speaker 1: to your point, are they prepared to go that far? 1406 01:19:19,840 --> 01:19:22,120 Speaker 1: You know, it's such a good point. I believe a 1407 01:19:22,200 --> 01:19:26,000 Speaker 1: President Bush may have invoked it two times for colonoscopies, 1408 01:19:26,040 --> 01:19:28,080 Speaker 1: as you mentioned, once during the war and terror, and 1409 01:19:28,160 --> 01:19:29,880 Speaker 1: once I think it may have been four or five 1410 01:19:29,960 --> 01:19:33,479 Speaker 1: years later. And I think, out of abundance of caution, 1411 01:19:33,640 --> 01:19:36,280 Speaker 1: it is the right thing to do, whether you're in 1412 01:19:36,320 --> 01:19:39,400 Speaker 1: a crisis like the war on Terror or fighting a pandemic, 1413 01:19:39,840 --> 01:19:42,760 Speaker 1: or whether it is the normal course of business. That 1414 01:19:43,080 --> 01:19:46,920 Speaker 1: you know, any time you have a president potentially incapacitated, 1415 01:19:47,040 --> 01:19:50,559 Speaker 1: unwilling or unable, not unwilling, unable to fill his duties, 1416 01:19:51,080 --> 01:19:54,040 Speaker 1: that should be invoked. And I think President Bush isn't 1417 01:19:54,080 --> 01:19:57,720 Speaker 1: given enough credit for that, UM, And so you know, 1418 01:19:57,800 --> 01:20:01,040 Speaker 1: I do would hope that if, as it in, Trump 1419 01:20:01,200 --> 01:20:03,640 Speaker 1: felt that he was unable to fulfill his duties, he 1420 01:20:03,640 --> 01:20:07,120 Speaker 1: would do that. But let's let's be clear at this 1421 01:20:07,200 --> 01:20:09,920 Speaker 1: point he has not done that, UM. And you know 1422 01:20:10,000 --> 01:20:14,040 Speaker 1: you mentioned President Reagan. It's a great example, President Bush. UM. 1423 01:20:14,080 --> 01:20:17,240 Speaker 1: You know, presidents before them have have done the same thing. 1424 01:20:17,640 --> 01:20:20,200 Speaker 1: It is something that should be done, but only the 1425 01:20:20,240 --> 01:20:24,040 Speaker 1: president can make that determination. And I think there's a 1426 01:20:24,040 --> 01:20:28,439 Speaker 1: lot of concern that President Trump bravado on this issue, 1427 01:20:28,479 --> 01:20:32,439 Speaker 1: particularly COVID but also quite generally, might lead him not 1428 01:20:32,600 --> 01:20:36,040 Speaker 1: to not to do it, when in fact maybe he should. 1429 01:20:36,040 --> 01:20:38,479 Speaker 1: But again that's a big maybe because none of us, 1430 01:20:38,560 --> 01:20:42,160 Speaker 1: except for the President, his family, and you know, potentially 1431 01:20:42,160 --> 01:20:45,360 Speaker 1: his doctors, know how he is doing healthwise, so we 1432 01:20:45,439 --> 01:20:49,320 Speaker 1: are all very vulnerable to his decision on this. There 1433 01:20:49,320 --> 01:20:51,000 Speaker 1: has been a lot of talk about the twenty five 1434 01:20:51,080 --> 01:20:54,479 Speaker 1: Amendment in vocation now that the President is in the hospital. 1435 01:20:54,520 --> 01:20:56,599 Speaker 1: Of course, there had also been a lot of rumor 1436 01:20:56,760 --> 01:21:01,160 Speaker 1: and speculation about whether White House official would supersede the 1437 01:21:01,200 --> 01:21:05,559 Speaker 1: president to invoke the amendment for entirely different reasons. Take 1438 01:21:05,640 --> 01:21:08,160 Speaker 1: us through the mechanics of what it would take to 1439 01:21:08,479 --> 01:21:12,960 Speaker 1: invoke that amendment, should it need to get to that point. So, 1440 01:21:13,360 --> 01:21:16,639 Speaker 1: if the President felt like he was unable to fulfill 1441 01:21:16,760 --> 01:21:19,719 Speaker 1: his duties, he would write a letter to the Speaker 1442 01:21:19,800 --> 01:21:23,280 Speaker 1: of the House UM Nancy Pelosi obviously, and the President 1443 01:21:23,360 --> 01:21:26,840 Speaker 1: pro Tem of the Senate Chuck Grassley, informing both the 1444 01:21:26,880 --> 01:21:30,120 Speaker 1: House and the Senate Peters UM. In this case, it's 1445 01:21:30,160 --> 01:21:33,000 Speaker 1: not the majority leader, it is the President pro Tem 1446 01:21:33,120 --> 01:21:36,559 Speaker 1: Chuck Grassley, as I mentioned that he couldn't serve, and 1447 01:21:36,600 --> 01:21:39,160 Speaker 1: then the Vice President Mike Pence would become for a 1448 01:21:39,280 --> 01:21:42,920 Speaker 1: period of time the acting president UM. And then when 1449 01:21:43,080 --> 01:21:46,920 Speaker 1: the President Trump felt he was able to return, he 1450 01:21:46,960 --> 01:21:50,240 Speaker 1: would then send another letter to them and he would 1451 01:21:50,320 --> 01:21:55,040 Speaker 1: resume his responsibilities. UM. If in fact the President couldn't 1452 01:21:55,120 --> 01:21:58,599 Speaker 1: physically write that letter, couldn't you know, or any president 1453 01:21:58,680 --> 01:22:01,679 Speaker 1: was unable to put that letter together, it would fall 1454 01:22:01,720 --> 01:22:04,040 Speaker 1: to the Vice President Mike Pence, and the majority of 1455 01:22:04,080 --> 01:22:07,120 Speaker 1: President Trump's cabinet. They would write a letter to the 1456 01:22:07,280 --> 01:22:09,799 Speaker 1: same two people, Speaker of the House and the President 1457 01:22:09,840 --> 01:22:13,640 Speaker 1: pro Tem Pelosi and Grassley, and Pence would become the 1458 01:22:13,720 --> 01:22:16,680 Speaker 1: acting president. And then when President Trump was able he 1459 01:22:16,720 --> 01:22:19,920 Speaker 1: would return and write another letter telling them that he 1460 01:22:19,960 --> 01:22:23,360 Speaker 1: was able to return. If that, at that point the 1461 01:22:23,439 --> 01:22:26,240 Speaker 1: vice president the cabinet disagreed they felt the president wasn't 1462 01:22:26,320 --> 01:22:29,559 Speaker 1: up to it, couldn't fulfill his duties, then it would 1463 01:22:29,600 --> 01:22:31,720 Speaker 1: be up to Congress to vote on whether he was 1464 01:22:31,800 --> 01:22:35,400 Speaker 1: fit to retake the presidency or not. Um So, I 1465 01:22:35,479 --> 01:22:37,519 Speaker 1: know it sounds like a very sort of long way 1466 01:22:37,560 --> 01:22:39,799 Speaker 1: of saying this, but it's a lot of letter writing, 1467 01:22:39,880 --> 01:22:43,320 Speaker 1: either from the president saying he's going to hand over 1468 01:22:43,360 --> 01:22:45,720 Speaker 1: to the vice president or the vice president and the 1469 01:22:45,760 --> 01:22:49,840 Speaker 1: cabinet doing that on their own. Um if, I would 1470 01:22:49,880 --> 01:22:52,880 Speaker 1: say at this point, very unlikely we see either scenario 1471 01:22:53,000 --> 01:22:55,320 Speaker 1: play out. But then, of course I thought forty eight 1472 01:22:55,320 --> 01:22:57,519 Speaker 1: hours ago it was unlikely the president would come down 1473 01:22:57,520 --> 01:23:00,840 Speaker 1: with COVID, So you know, my powers of ucation here 1474 01:23:00,840 --> 01:23:04,439 Speaker 1: are pretty dim. But um you know that's where we are. 1475 01:23:04,560 --> 01:23:07,479 Speaker 1: But you know, very hard to see that happening thirty 1476 01:23:07,479 --> 01:23:10,120 Speaker 1: two days out of election from my perspective. If things 1477 01:23:10,120 --> 01:23:13,080 Speaker 1: remain as we think they are at this moment, we're 1478 01:23:13,120 --> 01:23:15,320 Speaker 1: right up against the clot very very briefly less than 1479 01:23:15,360 --> 01:23:18,800 Speaker 1: a minute here. The speak to the importance of transparency, 1480 01:23:18,840 --> 01:23:21,400 Speaker 1: particularly in the process that you just laid out how 1481 01:23:21,439 --> 01:23:23,640 Speaker 1: the American public will be able to learn about all 1482 01:23:23,640 --> 01:23:27,799 Speaker 1: of this. You know, I think you know very unlikely 1483 01:23:27,880 --> 01:23:30,679 Speaker 1: number one, that either of the sons occur at this point. 1484 01:23:30,720 --> 01:23:33,919 Speaker 1: And I think transparency, as you mentioned, is key anytime 1485 01:23:33,960 --> 01:23:38,280 Speaker 1: you're talking about crisis communication, particularly pertaining to the president, 1486 01:23:38,439 --> 01:23:40,840 Speaker 1: and you know, the person who is in charge of 1487 01:23:40,920 --> 01:23:43,519 Speaker 1: so many aspects of all of our lives. The White 1488 01:23:43,520 --> 01:23:45,960 Speaker 1: House has to get a handle on that. They have 1489 01:23:46,120 --> 01:23:48,800 Speaker 1: to reassure the American public they are being upfront about 1490 01:23:48,800 --> 01:23:52,360 Speaker 1: the president's health. This has been so helpful. Professors a 1491 01:23:52,520 --> 01:23:54,840 Speaker 1: No thank you again for being with us this morning 1492 01:23:54,880 --> 01:23:58,920 Speaker 1: and providing insights into how the government will continue to 1493 01:23:58,960 --> 01:24:03,080 Speaker 1: function as the president continues to seek treatment for COVID 1494 01:24:03,160 --> 01:24:07,080 Speaker 1: nineteen at Walter reed Uh National Military Medical Center. Jeanie's 1495 01:24:07,080 --> 01:24:10,080 Speaker 1: an No, political science professor at Iowa College. At Bloomberg 1496 01:24:10,200 --> 01:24:12,920 Speaker 1: Radio contributor, thank you again for joining us this morning, 1497 01:24:12,960 --> 01:24:15,160 Speaker 1: and you've been listening to a Bloomberg day Break special 1498 01:24:15,200 --> 01:24:18,519 Speaker 1: report focused on the President's condition, his treatment the fallout. 1499 01:24:18,920 --> 01:24:22,200 Speaker 1: Stay with Bloomberg Radio throughout the weekend and first thing 1500 01:24:22,240 --> 01:24:24,879 Speaker 1: Monday morning as we tracked the latest on the President's 1501 01:24:24,880 --> 01:24:28,160 Speaker 1: Treatment for COVID nineteen. I'm Nathan Hagar alongside Amy Morris 1502 01:24:28,200 --> 01:24:31,080 Speaker 1: and Michael Barr. It is seven fifty seven on Wall Street. 1503 01:24:31,720 --> 01:24:34,080 Speaker 1: This is Bloomberg.