1 00:00:00,120 --> 00:00:04,240 Speaker 1: Reopen this economy. The latest on how this pandemic is 2 00:00:04,280 --> 00:00:07,360 Speaker 1: impacting farmers. What does this do for the United States 3 00:00:07,400 --> 00:00:12,560 Speaker 1: relationship with China? Bloomberg Sound On, The Insiders, the influencers, 4 00:00:12,600 --> 00:00:16,160 Speaker 1: the insides. We're responding to this crisis and manufacturers are 5 00:00:16,200 --> 00:00:19,599 Speaker 1: stepping up like never before. We're looking at seventy kennidates 6 00:00:19,600 --> 00:00:22,640 Speaker 1: for different vaccines. How do we make sure a pandemic 7 00:00:22,720 --> 00:00:26,480 Speaker 1: of this scale never happens again? This is Bloomberg Sound 8 00:00:26,520 --> 00:00:30,880 Speaker 1: On with Kevin Surrelate on Bloomberg one and one oh 9 00:00:30,920 --> 00:00:34,680 Speaker 1: five f h D two. Here we are in Cleveland now, 10 00:00:35,120 --> 00:00:38,839 Speaker 1: just more than a day away from the first presidential debate. 11 00:00:38,920 --> 00:00:42,160 Speaker 1: Will have complete political coverage on what that New York 12 00:00:42,159 --> 00:00:45,640 Speaker 1: Times tax story means, plus what's going on with the 13 00:00:45,680 --> 00:00:47,760 Speaker 1: Supreme Court. We're going to break down the latest on 14 00:00:47,840 --> 00:00:51,559 Speaker 1: the Supreme Court, how will Amy Coney Barrett shake up 15 00:00:51,760 --> 00:00:55,680 Speaker 1: the race? And the healthcare case set to begin on 16 00:00:55,800 --> 00:00:58,200 Speaker 1: November tenth. We've got a lot to get through. Plus 17 00:00:58,200 --> 00:01:01,400 Speaker 1: the SMP five jumps the most in two weeks. As 18 00:01:01,480 --> 00:01:07,319 Speaker 1: banks advance. We are broadcasting live in downtown Cleveland, where 19 00:01:07,360 --> 00:01:11,000 Speaker 1: we are staying inside of the Marriott for the first 20 00:01:11,319 --> 00:01:15,560 Speaker 1: first presidential debate. It sets it begin tomorrow night at 21 00:01:15,640 --> 00:01:19,640 Speaker 1: nine o'clock PM Eastern Time. Ninety minutes debate ninety minutes 22 00:01:19,840 --> 00:01:25,360 Speaker 1: Democratic presidential nominee Joe Biden versus President Trump ninety minutes, 23 00:01:25,400 --> 00:01:28,880 Speaker 1: no interruptions. Chris Wallace, Fox News. He's going to be 24 00:01:29,000 --> 00:01:33,560 Speaker 1: moderating the debate. They're already trading jabs. And no doubt 25 00:01:33,600 --> 00:01:36,759 Speaker 1: that New York Times tax story going to come up. Uh, 26 00:01:36,800 --> 00:01:39,840 Speaker 1: And of course the Supreme Court pick. We're gonna cover 27 00:01:39,959 --> 00:01:41,960 Speaker 1: the tax story. We're gonna cover the lay of the land. 28 00:01:42,000 --> 00:01:45,160 Speaker 1: Of course, I'll give you a full preview of the 29 00:01:45,840 --> 00:01:48,240 Speaker 1: of what's going on in here in Cleveland. But I 30 00:01:48,280 --> 00:01:52,440 Speaker 1: want to go to the Supreme Court because what a remarkable, 31 00:01:53,000 --> 00:01:59,280 Speaker 1: remarkably busy, busy weekend as it relates to, Uh, to 32 00:01:59,360 --> 00:02:03,080 Speaker 1: the Supreme Court and Judge Amy Coney Barrett at the 33 00:02:03,120 --> 00:02:07,520 Speaker 1: White House Saturday with her seven children, seven children, her 34 00:02:07,600 --> 00:02:13,320 Speaker 1: husband there and President Trump, uh really you know, giving 35 00:02:13,520 --> 00:02:19,639 Speaker 1: his debut, cementing, potentially cementing the Supreme Court on a 36 00:02:19,840 --> 00:02:24,360 Speaker 1: right word trajectory for generations to come, for for several 37 00:02:24,480 --> 00:02:28,680 Speaker 1: years to come. The third pick, his third pick for 38 00:02:28,680 --> 00:02:31,280 Speaker 1: for this Supreme Court. I am so incredibly grateful to 39 00:02:31,280 --> 00:02:33,919 Speaker 1: have our first guest with us. His name is Mark Chenowith. 40 00:02:34,200 --> 00:02:38,640 Speaker 1: He's the executive director at the New Civil Liberties Alliance. 41 00:02:39,120 --> 00:02:42,160 Speaker 1: He is also the former chief of staff to Congressman 42 00:02:42,760 --> 00:02:44,920 Speaker 1: Mike Pompello. Of course, now we know him as the 43 00:02:44,960 --> 00:02:49,840 Speaker 1: former CIA director and the current Secretary of State. I 44 00:02:49,880 --> 00:02:52,680 Speaker 1: would add maybe a one day presidential candidate, but you know, 45 00:02:52,720 --> 00:02:55,160 Speaker 1: I don't want to get in trouble, Mark, Mark chennowit 46 00:02:55,480 --> 00:03:00,400 Speaker 1: how will Amy Cony Barrett? How will she impact the 47 00:03:00,480 --> 00:03:06,079 Speaker 1: Supreme Court and and and moving it to the right. Well, 48 00:03:06,120 --> 00:03:08,160 Speaker 1: I think that, you know, it's too soon to say 49 00:03:08,160 --> 00:03:10,760 Speaker 1: how she will impact the Court, but I think that 50 00:03:12,000 --> 00:03:15,000 Speaker 1: her from from everything that she has said and from 51 00:03:15,040 --> 00:03:17,320 Speaker 1: what we've seen in her opinion, she does appear to 52 00:03:17,360 --> 00:03:21,720 Speaker 1: come from that more textualist and originalist school that Justices 53 00:03:22,040 --> 00:03:25,600 Speaker 1: Scalia and Thomas hail from. And so I think that 54 00:03:25,600 --> 00:03:28,320 Speaker 1: that we could expect at least her approach to statutory 55 00:03:28,440 --> 00:03:32,240 Speaker 1: questions will be more of a textual a careful textualist approach, 56 00:03:32,600 --> 00:03:36,640 Speaker 1: and that her approach to constitutional questions will take into 57 00:03:36,640 --> 00:03:40,280 Speaker 1: consideration the original meaning of various constitutional provisions. You know, 58 00:03:40,320 --> 00:03:43,080 Speaker 1: and I think I think so much of what we've 59 00:03:43,120 --> 00:03:45,760 Speaker 1: heard over the past couple of days and it's immediate 60 00:03:45,880 --> 00:03:49,920 Speaker 1: impact on the race has been on abortion rights. And 61 00:03:50,560 --> 00:03:54,400 Speaker 1: you know, to be honest, I think there's only one 62 00:03:54,560 --> 00:03:57,840 Speaker 1: Supreme Court justice who has weighed in on Roe v. 63 00:03:58,000 --> 00:04:01,520 Speaker 1: Wade directly. Do you expect her and her confirmation hearings 64 00:04:01,720 --> 00:04:05,680 Speaker 1: to answer directly before members of the Senate Judiciary Committee 65 00:04:05,880 --> 00:04:08,280 Speaker 1: if she's asked about Roe v. Wade or do you 66 00:04:08,280 --> 00:04:11,680 Speaker 1: think she'll give an open ended answer? And why might 67 00:04:11,720 --> 00:04:16,080 Speaker 1: that be? I think it's almost guaranteed that she'll give 68 00:04:16,120 --> 00:04:20,599 Speaker 1: an an open ended answer. And back when I was 69 00:04:21,040 --> 00:04:24,240 Speaker 1: in the Department of Justice during the Bush administration, back 70 00:04:24,240 --> 00:04:27,160 Speaker 1: in the two thousand to two thousand four time frame, 71 00:04:27,160 --> 00:04:29,239 Speaker 1: I worked in the Office of Legal Policy. We worked 72 00:04:29,279 --> 00:04:35,400 Speaker 1: on preparing judges for confirmation hearings, and the typical UH 73 00:04:36,080 --> 00:04:39,680 Speaker 1: preparation for for judges involved trying to get them to 74 00:04:39,720 --> 00:04:43,080 Speaker 1: answer those kinds of of hot button questions. And the 75 00:04:44,080 --> 00:04:47,360 Speaker 1: judges know pretty well that if they go down that 76 00:04:47,400 --> 00:04:50,320 Speaker 1: path of giving an answer to any hot button question, 77 00:04:50,960 --> 00:04:53,719 Speaker 1: then they can't very well justify not giving an answer 78 00:04:53,760 --> 00:04:56,200 Speaker 1: to how they would vote on any other hot button question. 79 00:04:56,600 --> 00:05:00,560 Speaker 1: And so that's why these confirmation hearing that's why at 80 00:05:00,560 --> 00:05:03,640 Speaker 1: these confirmation hearings you hear the nominees tend to avoid 81 00:05:04,120 --> 00:05:06,720 Speaker 1: giving direct answers to those sorts of things because they 82 00:05:06,720 --> 00:05:09,599 Speaker 1: don't want to prejudge any issue that's going to be 83 00:05:09,640 --> 00:05:11,839 Speaker 1: coming before them. So so it'll be an open ended 84 00:05:11,880 --> 00:05:14,560 Speaker 1: answer if if they asked her directly about Roe v. 85 00:05:14,680 --> 00:05:17,600 Speaker 1: Wade or or any other question that could come before her. 86 00:05:17,760 --> 00:05:20,040 Speaker 1: And I think that's important especially as we're as we're 87 00:05:20,040 --> 00:05:22,479 Speaker 1: in the real time of final sprint up to the 88 00:05:22,520 --> 00:05:24,760 Speaker 1: November third elections. Mark Chatow with US with US he's 89 00:05:24,760 --> 00:05:27,240 Speaker 1: the former chief of staff to Congressman Mike Pompeo. You know, 90 00:05:27,360 --> 00:05:30,599 Speaker 1: a huge case that I think also will be front 91 00:05:30,600 --> 00:05:34,559 Speaker 1: and center of this presidential cycles, of course, healthcare, because 92 00:05:34,560 --> 00:05:38,520 Speaker 1: on November ten, if she's confirmed, on November ten, is 93 00:05:38,520 --> 00:05:40,120 Speaker 1: when the Supreme Court is set to take up an 94 00:05:40,120 --> 00:05:43,200 Speaker 1: Affordable Care Act ruling that really calls into question and 95 00:05:43,240 --> 00:05:48,080 Speaker 1: could rule ultimately on the legitimacy of the Supreme Court. Uh, 96 00:05:48,560 --> 00:05:52,200 Speaker 1: I'm sorry of the constitutionality of the Affordable Care Act 97 00:05:52,279 --> 00:05:55,200 Speaker 1: or Obamacare, and in fact and in bidence comments and 98 00:05:55,240 --> 00:05:59,279 Speaker 1: the lead up to the first debate. Every comment that 99 00:05:59,320 --> 00:06:02,440 Speaker 1: he's released for his campaign has mentioned healthcare. I think 100 00:06:02,440 --> 00:06:05,080 Speaker 1: he's really going to hammer home on healthcare. I was 101 00:06:05,160 --> 00:06:08,599 Speaker 1: dusting up on some of the court cases that they're 102 00:06:08,600 --> 00:06:12,279 Speaker 1: calling her Amy Coney Barrett a CB that a CB 103 00:06:12,839 --> 00:06:17,920 Speaker 1: wrote about earlier this year, and she said on an 104 00:06:17,960 --> 00:06:23,919 Speaker 1: immigration case, quote, litigation is not the vehicle for resolving 105 00:06:24,200 --> 00:06:28,880 Speaker 1: policy disputes end quote. How might that show us how 106 00:06:28,960 --> 00:06:33,720 Speaker 1: she could potentially rule on the healthcare case that they're 107 00:06:33,720 --> 00:06:37,560 Speaker 1: going to hear in November. Well, it could mean that 108 00:06:37,920 --> 00:06:43,120 Speaker 1: she views these sorts of of cases as not about 109 00:06:43,320 --> 00:06:47,960 Speaker 1: the underlying substantive policy question, but rather about whether or 110 00:06:48,000 --> 00:06:51,240 Speaker 1: not the various players in the UH, you know, in 111 00:06:51,279 --> 00:06:56,360 Speaker 1: the legislation process have behaved appropriately in terms of their 112 00:06:56,400 --> 00:07:00,359 Speaker 1: own role. You know, if if the UH, if the 113 00:07:00,400 --> 00:07:02,159 Speaker 1: Congress has done what it's supposed to do, if the 114 00:07:02,160 --> 00:07:04,000 Speaker 1: President has done what it's supposed to do, if the 115 00:07:04,000 --> 00:07:06,400 Speaker 1: agency has done what it's supposed to do, then it's 116 00:07:06,400 --> 00:07:09,440 Speaker 1: not the place of the judiciary to second guests the 117 00:07:09,480 --> 00:07:13,320 Speaker 1: underlying policy determinations that are made. But there is a 118 00:07:13,440 --> 00:07:17,600 Speaker 1: very specific constitutional process that's in place for passing laws, 119 00:07:17,680 --> 00:07:22,080 Speaker 1: and if the various actors are acting outside of those 120 00:07:22,120 --> 00:07:25,440 Speaker 1: approved constitutional channels. Uh, than it is the rule of 121 00:07:25,440 --> 00:07:28,560 Speaker 1: the judiciary to throw the penalty flag and say, no, 122 00:07:28,600 --> 00:07:30,560 Speaker 1: wait a minute, you can't do it that way. You 123 00:07:30,600 --> 00:07:32,920 Speaker 1: have to go back and do it a different way 124 00:07:32,920 --> 00:07:34,720 Speaker 1: if you're going to do it. And we've seen Chief 125 00:07:34,760 --> 00:07:38,040 Speaker 1: Justice Roberts uh say that to the Trump administration a 126 00:07:38,040 --> 00:07:42,120 Speaker 1: couple of times in the census case for example. And 127 00:07:42,320 --> 00:07:46,440 Speaker 1: uh and you might see Amy Coney Barrett share in 128 00:07:46,800 --> 00:07:48,600 Speaker 1: I don't know about that case in particular, but she 129 00:07:48,680 --> 00:07:53,920 Speaker 1: might view those sorts of cases as as ones where 130 00:07:53,920 --> 00:07:57,400 Speaker 1: the rules weren't followed in the in the process. Really fascinating. 131 00:07:57,440 --> 00:07:59,160 Speaker 1: Let me follow up on that point, because you know, 132 00:07:59,320 --> 00:08:02,080 Speaker 1: march Chatow is on the line and really he what 133 00:08:02,200 --> 00:08:04,120 Speaker 1: he does so well as he dies into the weeds 134 00:08:04,400 --> 00:08:06,560 Speaker 1: of so many of these issues that are incredibly important 135 00:08:06,560 --> 00:08:08,560 Speaker 1: to the financial services world. You look at something like 136 00:08:08,600 --> 00:08:11,960 Speaker 1: the Consumer Financial Protection Bureau, for example, and there have 137 00:08:12,040 --> 00:08:15,720 Speaker 1: been uh some potential litigation, especially over the next couple 138 00:08:15,720 --> 00:08:17,760 Speaker 1: of years. Or you look at the e p A 139 00:08:18,240 --> 00:08:21,800 Speaker 1: and the Environment and Mental Protection Agency and cases that 140 00:08:21,920 --> 00:08:24,680 Speaker 1: might come up before the Supreme Court in terms of 141 00:08:24,720 --> 00:08:28,559 Speaker 1: financial services in the economy, do we know anything about 142 00:08:28,600 --> 00:08:32,240 Speaker 1: how a c b where she fits in on the 143 00:08:32,280 --> 00:08:35,680 Speaker 1: ideological spectrum of the current judges that are on the 144 00:08:35,800 --> 00:08:40,960 Speaker 1: on the court, uh, in terms of financial services cases 145 00:08:41,000 --> 00:08:44,360 Speaker 1: in particular, I I don't know. I'll have to do 146 00:08:44,400 --> 00:08:47,360 Speaker 1: another pass through her her seventh Circuit docut and see 147 00:08:47,360 --> 00:08:50,320 Speaker 1: if there are any financial services cases that that we overlook. 148 00:08:50,400 --> 00:08:54,600 Speaker 1: I haven't seen anything. Yeah, yeah, but uh, but you know, 149 00:08:54,640 --> 00:08:57,599 Speaker 1: you bring up the Consumer Financial Protection Bureau, and I 150 00:08:57,679 --> 00:09:01,760 Speaker 1: think that's a great example, uh of an agency that 151 00:09:02,160 --> 00:09:07,680 Speaker 1: was brought into being with a very different set of 152 00:09:07,679 --> 00:09:11,720 Speaker 1: of structures than any other agency that's ever existed before 153 00:09:12,400 --> 00:09:15,400 Speaker 1: in American history. And and so I think that regardless 154 00:09:15,440 --> 00:09:19,240 Speaker 1: of this nomination, we're going to continue to see lawsuits 155 00:09:19,280 --> 00:09:24,400 Speaker 1: against the CFPP challenging the unconstitutional nature of that agency's structure. 156 00:09:24,800 --> 00:09:28,640 Speaker 1: And it could well be that that Justice Merritt would 157 00:09:28,640 --> 00:09:32,640 Speaker 1: be open to those sorts of challenges. Speaking from the 158 00:09:32,679 --> 00:09:35,000 Speaker 1: perspective of the New Civil Liberties Alliance, I certainly hope 159 00:09:35,040 --> 00:09:38,040 Speaker 1: that's the case, because we're one of those organizations that 160 00:09:38,160 --> 00:09:42,360 Speaker 1: has deep concerns about the unconstitutional structure of the CFPP. 161 00:09:42,960 --> 00:09:45,400 Speaker 1: Mark Chenowith, thank you so much, sir, for your time. 162 00:09:45,480 --> 00:09:48,120 Speaker 1: I truly appreciate it. He is the executive director at 163 00:09:48,120 --> 00:09:50,600 Speaker 1: the New Civil Liberties Alliance and the former chief of staff. 164 00:09:50,800 --> 00:09:54,360 Speaker 1: It's a congressman like Compeo. Coming up next, we talked 165 00:09:54,360 --> 00:09:57,160 Speaker 1: about the markets, what went on today on Wall Street. 166 00:09:57,200 --> 00:10:00,319 Speaker 1: I'm Kevin Surreally, Chief Washington correspondent from Liebrick te Levision 167 00:10:00,320 --> 00:10:04,199 Speaker 1: and Bloomberg Radio broadcasting live from downtown Cleveland. I'm ready 168 00:10:04,240 --> 00:10:14,480 Speaker 1: for the debate. You're listening to Bloomberg. You're listening to Bloomberg. 169 00:10:14,559 --> 00:10:18,640 Speaker 1: Sound on with Kevin Surley on Bloomberg and one oh 170 00:10:18,720 --> 00:10:22,000 Speaker 1: five point seven f M h D two. Really fascinating 171 00:10:22,080 --> 00:10:25,120 Speaker 1: to check in with Mark Chadowit there. He's the former 172 00:10:25,200 --> 00:10:29,760 Speaker 1: chief of staff to Congressman Mike Pompeo. I remember covering 173 00:10:29,760 --> 00:10:33,040 Speaker 1: Congressman Pompeo back on the day on Capitol Oil. Remember 174 00:10:33,040 --> 00:10:35,920 Speaker 1: all the Benghazi hearings and whatnot. Speaking of Secretary of 175 00:10:35,960 --> 00:10:38,960 Speaker 1: State Mike Pompeo, Nick Wadhams and Salamos and reporting on 176 00:10:38,960 --> 00:10:42,600 Speaker 1: the Bloomberg terminal that the Trump administration is considering fresh 177 00:10:42,679 --> 00:10:48,199 Speaker 1: sanctions to sever Iran's economy from the outside world, except 178 00:10:48,280 --> 00:10:51,199 Speaker 1: in limited circumstances. What they would do is target more 179 00:10:51,240 --> 00:10:55,840 Speaker 1: than a dozen banks and labeling the entire financial sector 180 00:10:55,960 --> 00:10:59,480 Speaker 1: off limits. This, according to three people familiar with the matter, 181 00:10:59,600 --> 00:11:03,680 Speaker 1: he was Secretary of Pampeo was very pointed in his 182 00:11:03,760 --> 00:11:07,120 Speaker 1: criticism of Tehran and his interview last night with Mark 183 00:11:07,360 --> 00:11:11,520 Speaker 1: Livin over on Box News. Speaking of what's happening globally, 184 00:11:12,000 --> 00:11:14,680 Speaker 1: let's check in with the markets. Reading from the Bloomberg terminal. 185 00:11:14,760 --> 00:11:18,959 Speaker 1: US stocks jumped after four weeks of declines, and European 186 00:11:19,080 --> 00:11:22,640 Speaker 1: shares added the most in three months amid broad gains 187 00:11:22,640 --> 00:11:25,679 Speaker 1: for equities the dollar. Weekend, banks led the SMP five 188 00:11:26,080 --> 00:11:29,559 Speaker 1: index to its biggest gain in two weeks as investors 189 00:11:29,600 --> 00:11:32,880 Speaker 1: found buying opportunities after the gage failed to its lowest 190 00:11:32,920 --> 00:11:37,360 Speaker 1: since July last week. Joining us now to help us 191 00:11:37,880 --> 00:11:42,280 Speaker 1: understand everything that's been going on today, and you know 192 00:11:42,520 --> 00:11:44,640 Speaker 1: how they're reacting to with all this volatility coming up 193 00:11:44,640 --> 00:11:46,880 Speaker 1: in the next couple of months, really not just weeks. 194 00:11:46,920 --> 00:11:50,800 Speaker 1: Katie Greenfield, she is Bloomberg Markets and et F S reporter, Katie. 195 00:11:51,000 --> 00:11:54,439 Speaker 1: Welcome to the program. Thanks for for joining me. SMP 196 00:11:54,559 --> 00:11:57,160 Speaker 1: five jumped the most in two weeks today as the 197 00:11:57,160 --> 00:12:00,439 Speaker 1: banks advanced. What happened in the markets well a really 198 00:12:00,559 --> 00:12:04,440 Speaker 1: strong day overall. You saw all the major equity indexes 199 00:12:04,559 --> 00:12:07,320 Speaker 1: and higher, and it was a really big departure from 200 00:12:07,400 --> 00:12:10,720 Speaker 1: last week, which was the SMP five hundred fourth straight 201 00:12:10,800 --> 00:12:15,200 Speaker 1: week of losses in terms of what was boosting sentiment here. 202 00:12:15,360 --> 00:12:20,000 Speaker 1: You did see some progress on stimulus negotiations. Spere Pelosi 203 00:12:20,080 --> 00:12:22,760 Speaker 1: said that the Democrats still want more spending from the 204 00:12:22,760 --> 00:12:25,280 Speaker 1: White House, but just the fact that the two sides 205 00:12:25,320 --> 00:12:28,600 Speaker 1: are talking was taken as an optimistic sign in markets. 206 00:12:28,880 --> 00:12:31,880 Speaker 1: So that helped to broaden out today's rally just from 207 00:12:31,880 --> 00:12:35,199 Speaker 1: sectors like tech, which has just been leading the charge 208 00:12:35,520 --> 00:12:38,480 Speaker 1: over the past couple of months. Instead, you saw nearly 209 00:12:38,559 --> 00:12:41,840 Speaker 1: every stock in the SMP finished higher today and beaten 210 00:12:41,920 --> 00:12:46,000 Speaker 1: down sectors like financials and energies and energy. We're really 211 00:12:46,080 --> 00:12:48,600 Speaker 1: leading games today, which you haven't seen in a while, 212 00:12:49,000 --> 00:12:51,160 Speaker 1: you know, And it's and it's why why is that? 213 00:12:51,240 --> 00:12:53,920 Speaker 1: Answer me that? Why do you think that? Is? Well, 214 00:12:54,080 --> 00:12:57,800 Speaker 1: the banks are a tricky situation since they really depend 215 00:12:57,920 --> 00:13:01,560 Speaker 1: on on yield. It's really hard for banks to turn 216 00:13:01,559 --> 00:13:05,160 Speaker 1: a profit when you see the yield curve flattening and flattening. 217 00:13:05,240 --> 00:13:08,160 Speaker 1: So the fact that the Fed has introduced so much uh, 218 00:13:08,280 --> 00:13:12,640 Speaker 1: stimulus into the markets. That's really tamped down long end 219 00:13:12,880 --> 00:13:16,959 Speaker 1: yields and that is just crushing banks. And even though 220 00:13:17,160 --> 00:13:20,080 Speaker 1: yields are pretty much flat today, just the optimism that 221 00:13:20,160 --> 00:13:23,199 Speaker 1: maybe we'll get more stimulus, maybe that will translate into 222 00:13:23,559 --> 00:13:26,520 Speaker 1: maybe some inflation down the road, the Fed might potentially 223 00:13:26,960 --> 00:13:29,679 Speaker 1: high creates in the next couple of years. That's giving 224 00:13:29,679 --> 00:13:31,640 Speaker 1: the banks a little bit of a boost because they're 225 00:13:31,679 --> 00:13:34,000 Speaker 1: still down on the year. This is a very beaten 226 00:13:34,040 --> 00:13:36,280 Speaker 1: down sector. Well, Katy and my neck in the woods 227 00:13:36,280 --> 00:13:38,719 Speaker 1: and back in Washington, d C. I'm in Cleveland for 228 00:13:38,760 --> 00:13:41,280 Speaker 1: the debate, but back in Washington, d C. I was 229 00:13:41,360 --> 00:13:45,480 Speaker 1: really struck to see that it wasn't just Republicans Democrats 230 00:13:45,480 --> 00:13:49,280 Speaker 1: as well, both parties, especially on the State Banking Committee. 231 00:13:49,440 --> 00:13:52,480 Speaker 1: Both parties, whether it's shared Brown or whether it's uh 232 00:13:52,559 --> 00:13:56,120 Speaker 1: pat to me, really praising the Central Bank for for 233 00:13:56,200 --> 00:13:59,760 Speaker 1: their policy remarks, are for their policy position and the 234 00:13:59,760 --> 00:14:02,520 Speaker 1: show with regards to inflation. So there you know that 235 00:14:02,720 --> 00:14:07,000 Speaker 1: Chair J. Powell really garnering some high praise and both parties. 236 00:14:07,000 --> 00:14:09,480 Speaker 1: It's rare these days, uh for for what he's been 237 00:14:09,520 --> 00:14:12,199 Speaker 1: doing with with inflation. Let me ask you, because I'm 238 00:14:12,200 --> 00:14:16,360 Speaker 1: looking at the medical data, and you know, public health officials, 239 00:14:16,400 --> 00:14:19,720 Speaker 1: they're they're warning that the U s could take heart. 240 00:14:19,800 --> 00:14:21,960 Speaker 1: At the end of this, I'm sorry that the US 241 00:14:22,040 --> 00:14:24,880 Speaker 1: really could have an increase of cases in the second 242 00:14:24,880 --> 00:14:27,800 Speaker 1: wave over the next couple of weeks. How our investors 243 00:14:28,280 --> 00:14:31,440 Speaker 1: gauging the data on the health front with the pandemic 244 00:14:31,480 --> 00:14:34,720 Speaker 1: and the potential for for a second wave, Well, this 245 00:14:34,760 --> 00:14:37,000 Speaker 1: is striking because, like you said, there's a lot of 246 00:14:37,000 --> 00:14:39,680 Speaker 1: warning signs out there just in terms of the path 247 00:14:39,760 --> 00:14:42,240 Speaker 1: of the virus, let alone the path of a vaccine. 248 00:14:42,480 --> 00:14:45,160 Speaker 1: But today it's interesting you're seeing what we've been calling 249 00:14:45,200 --> 00:14:47,960 Speaker 1: the reopening trade doing well. You know, if you look 250 00:14:48,000 --> 00:14:49,840 Speaker 1: down the list of the top performers in the stock 251 00:14:49,880 --> 00:14:53,440 Speaker 1: market today, it's companies like Boeing, like Delta, like the Gap. 252 00:14:53,560 --> 00:14:56,600 Speaker 1: Those are all stocks that would benefit from the American 253 00:14:56,720 --> 00:15:00,640 Speaker 1: economy opening up, opening up again. Where is, if we 254 00:15:00,680 --> 00:15:04,400 Speaker 1: went into another lockdown situation, those companies would be really 255 00:15:04,400 --> 00:15:07,520 Speaker 1: hard hit. But those companies again, they're up today, which 256 00:15:07,560 --> 00:15:10,640 Speaker 1: is another departure from last week when you saw stocks 257 00:15:10,680 --> 00:15:14,280 Speaker 1: like Amazon and Apple, which would obviously do well if 258 00:15:14,280 --> 00:15:16,800 Speaker 1: we're all stuck at home again. They have their best 259 00:15:16,840 --> 00:15:20,280 Speaker 1: week relative to the reopening trade since June last week, 260 00:15:20,680 --> 00:15:25,520 Speaker 1: but this today it's a completely different story. But you know, 261 00:15:25,640 --> 00:15:28,480 Speaker 1: right now, investors seem happy to pile back into these 262 00:15:28,480 --> 00:15:31,760 Speaker 1: economic reopening trades, even though, like you say, it's a 263 00:15:31,840 --> 00:15:34,560 Speaker 1: really murky path from here. Kate Degree fills on the line. 264 00:15:34,560 --> 00:15:37,480 Speaker 1: She's a Bloomberg Markets reporter and uh follows all the 265 00:15:37,480 --> 00:15:39,360 Speaker 1: e t F s for us. You know, I find 266 00:15:39,400 --> 00:15:42,640 Speaker 1: it really striking just how people like yourself as well 267 00:15:42,640 --> 00:15:46,160 Speaker 1: as economists, really just the data that they're utilizing, whether 268 00:15:46,200 --> 00:15:51,760 Speaker 1: it's restaurant reservation metrics or even traffic on on the 269 00:15:51,840 --> 00:15:54,360 Speaker 1: roads in order to try to track where things are going. 270 00:15:54,600 --> 00:15:56,120 Speaker 1: I want to follow up on a point that you 271 00:15:56,240 --> 00:15:58,640 Speaker 1: just made, and it's something that I think has emerged 272 00:15:58,680 --> 00:16:00,880 Speaker 1: that maybe is a little bit hidden, which is that 273 00:16:01,080 --> 00:16:03,840 Speaker 1: the one thing about the United States that's very different 274 00:16:03,880 --> 00:16:07,280 Speaker 1: than say, smaller countries in Europe is that we have 275 00:16:07,440 --> 00:16:12,400 Speaker 1: had states, uh large populated states that have remained with 276 00:16:12,480 --> 00:16:15,360 Speaker 1: restrictions in place or have it. So it's not like 277 00:16:15,440 --> 00:16:20,160 Speaker 1: the entire country would go into a blanket lockdown as 278 00:16:20,320 --> 00:16:25,000 Speaker 1: say other smaller countries would. So does that almost buffer 279 00:16:25,200 --> 00:16:27,240 Speaker 1: serve as a buffer or do you think that that 280 00:16:27,280 --> 00:16:31,880 Speaker 1: has made its way into the economic analysis of of 281 00:16:31,960 --> 00:16:36,200 Speaker 1: the potential of a second wave that it wouldn't necessarily be, uh, 282 00:16:36,440 --> 00:16:40,040 Speaker 1: you know, a blanket shutdown. I think that's a very 283 00:16:40,040 --> 00:16:42,120 Speaker 1: fair point. And I mean, if you think about what 284 00:16:42,240 --> 00:16:45,720 Speaker 1: really spooked people in terms of the European lockdowns, it 285 00:16:45,880 --> 00:16:49,200 Speaker 1: was cities such as London question marks over whether they 286 00:16:49,200 --> 00:16:51,760 Speaker 1: can remain open. Whereas I'm talking to you from New 287 00:16:51,840 --> 00:16:54,560 Speaker 1: York City rate right now, which is open, and you're 288 00:16:54,840 --> 00:16:58,360 Speaker 1: you're seeing cases controlled in huge states like California, like 289 00:16:58,400 --> 00:17:01,840 Speaker 1: New York, sort of the fine financial centers are still 290 00:17:01,880 --> 00:17:04,240 Speaker 1: doing well in terms of cases, and I think that 291 00:17:04,440 --> 00:17:07,879 Speaker 1: is helping keep sentiment from really going off the cliff 292 00:17:08,119 --> 00:17:11,600 Speaker 1: when investors sit down and consider what is the next 293 00:17:11,640 --> 00:17:13,879 Speaker 1: few months going to look like? So let me just 294 00:17:13,960 --> 00:17:16,119 Speaker 1: let me ask you about something else. I mean, I 295 00:17:16,119 --> 00:17:18,879 Speaker 1: look at the VINCX, you know, the volatility index. I 296 00:17:18,920 --> 00:17:21,760 Speaker 1: feel like investors are are bracing for the absolute worst 297 00:17:21,800 --> 00:17:24,560 Speaker 1: that they might not get an outcome on the election 298 00:17:24,640 --> 00:17:27,440 Speaker 1: or some political volatility, and even you know with the 299 00:17:27,480 --> 00:17:30,040 Speaker 1: Supreme Court and whatnot, that they're looking long term into 300 00:17:30,160 --> 00:17:33,720 Speaker 1: uh into December, and in fact, they're all moving to 301 00:17:33,760 --> 00:17:37,880 Speaker 1: moving some money to Japan. You're right, you know, if 302 00:17:37,880 --> 00:17:39,920 Speaker 1: you do look under the hood and you look at 303 00:17:39,960 --> 00:17:43,840 Speaker 1: you know, what are the vic's futures contact contracts pricing 304 00:17:43,840 --> 00:17:46,840 Speaker 1: in months by month, you're seeing move people move out 305 00:17:46,880 --> 00:17:50,920 Speaker 1: from just the November contract, just November three, the election day, 306 00:17:51,160 --> 00:17:54,800 Speaker 1: into December, into January, because the risk of a delayed 307 00:17:54,800 --> 00:17:58,240 Speaker 1: result is real. Trump is all the promise that he 308 00:17:58,440 --> 00:18:01,720 Speaker 1: will contest the election result and just the fact that 309 00:18:01,880 --> 00:18:04,439 Speaker 1: we might see this uptick and mail in ballots that 310 00:18:04,520 --> 00:18:07,760 Speaker 1: could cause a delay, just the sheer mechanics of voting. 311 00:18:08,119 --> 00:18:11,080 Speaker 1: So the investors I'm speaking to are definitely preparing for 312 00:18:11,119 --> 00:18:15,040 Speaker 1: the possibility that we won't have a president named on 313 00:18:15,119 --> 00:18:18,199 Speaker 1: November three, and if we get a repeat of the 314 00:18:18,280 --> 00:18:21,919 Speaker 1: two thousand ballot recount that took a month to settle, 315 00:18:22,040 --> 00:18:24,640 Speaker 1: So it could be a very rocky month that we're 316 00:18:24,640 --> 00:18:27,400 Speaker 1: heading into as we really get into election season here, 317 00:18:27,640 --> 00:18:33,240 Speaker 1: well exactly. And it's just it's just truly truly remarkable, 318 00:18:33,280 --> 00:18:37,640 Speaker 1: and especially you know, with the new Prime Minister of Japan, Sugar, 319 00:18:38,359 --> 00:18:41,040 Speaker 1: it'll be fascinating just to see the dynamics of how 320 00:18:41,080 --> 00:18:43,960 Speaker 1: he fares on on the world stage. It will be really, 321 00:18:43,960 --> 00:18:46,040 Speaker 1: really remarkable. All right, quickly before I let you go, 322 00:18:46,080 --> 00:18:49,640 Speaker 1: what else are you watching this week on the eco front? Oh? Man, well, 323 00:18:49,680 --> 00:18:52,440 Speaker 1: I am absolutely watching the debate tomorrow night. That's the 324 00:18:52,440 --> 00:18:56,760 Speaker 1: same I'm here. We'll both be tuned in. But other 325 00:18:56,800 --> 00:18:59,320 Speaker 1: than that, you do have the jobs report on Friday, 326 00:18:59,359 --> 00:19:01,400 Speaker 1: and that will be the last jobs report we get 327 00:19:01,680 --> 00:19:04,440 Speaker 1: before election day, so all eyes will be on that, 328 00:19:04,880 --> 00:19:09,160 Speaker 1: no doubt, no doubt. And just anecdotally speaking here on 329 00:19:09,240 --> 00:19:12,600 Speaker 1: the famous East fourth Street in downtown Cleveland, most of 330 00:19:12,600 --> 00:19:15,040 Speaker 1: the restaurants were still close, they were shut down. I mean, 331 00:19:15,080 --> 00:19:19,080 Speaker 1: it's it's really remarkable. That's the the main part. I mean, 332 00:19:19,160 --> 00:19:22,560 Speaker 1: back in the RNC four years ago, it was the 333 00:19:22,600 --> 00:19:24,359 Speaker 1: life of the party right our thanks to Katie Greenfield, 334 00:19:24,359 --> 00:19:26,920 Speaker 1: Bloomberg Markets Reporter, much more coming up next up Kevin's 335 00:19:26,960 --> 00:19:29,720 Speaker 1: Really Cheap Washington Correspondent. Fro Bloomberg TV and Radio. You're 336 00:19:29,760 --> 00:19:48,760 Speaker 1: listening to Bloomberg. How do we reopen this economy? The 337 00:19:48,840 --> 00:19:52,080 Speaker 1: latest on how this pandemic is impacting farmers? What does 338 00:19:52,119 --> 00:19:55,679 Speaker 1: this do from the United States relationship with China? Bloomberg 339 00:19:55,920 --> 00:20:00,520 Speaker 1: sound off, the insiders, the influencers, the insides. We're responding 340 00:20:00,560 --> 00:20:03,960 Speaker 1: to this crisis and manufacturers are stepping up like never before. 341 00:20:04,160 --> 00:20:07,240 Speaker 1: You're looking at seventy candidates for different vaccines. How do 342 00:20:07,280 --> 00:20:10,639 Speaker 1: we make sure a pandemic of this scale never happens again? 343 00:20:10,880 --> 00:20:15,359 Speaker 1: This is Bloomberg Sound On with Kevin surl on Bloomberg 344 00:20:16,240 --> 00:20:19,720 Speaker 1: one and one oh five h D two, The final 345 00:20:19,800 --> 00:20:26,160 Speaker 1: countdown to the first presidential Debate. I am live in Cleveland, 346 00:20:26,200 --> 00:20:30,680 Speaker 1: and we've got a complete, complete coverage for it. A preview. 347 00:20:30,760 --> 00:20:33,560 Speaker 1: How will the Supreme Court justice play a CB over 348 00:20:33,600 --> 00:20:36,520 Speaker 1: the weekend at the White House formeral unveiling. We have 349 00:20:36,600 --> 00:20:40,080 Speaker 1: every angle covered on the healthcare front, on the abortion front, 350 00:20:40,119 --> 00:20:42,680 Speaker 1: on every angle of the Supreme Court. Pick plus, we 351 00:20:42,840 --> 00:20:46,840 Speaker 1: check in with Congressman Dwight Evans, a Democrat from Pennsylvania. 352 00:20:46,920 --> 00:20:52,080 Speaker 1: All that and and that New York Times tax story. 353 00:20:52,400 --> 00:20:54,680 Speaker 1: The President doesn't have much to say about it. He's 354 00:20:54,680 --> 00:20:57,960 Speaker 1: calling it fake news. Joe Biden is not lots to 355 00:20:58,000 --> 00:21:03,600 Speaker 1: get through. I'm broadcasting live from downtown Cleveland, Ohio, Ohio, 356 00:21:03,760 --> 00:21:07,399 Speaker 1: Ohio because tomorrow night, of course, at nine pm Eastern 357 00:21:07,520 --> 00:21:12,840 Speaker 1: New York time, is the first presidential debate. Ninety minutes uninterrupted, 358 00:21:13,320 --> 00:21:17,120 Speaker 1: President Trump versus Democratic presidential nominee Joe Biden stakes really 359 00:21:17,400 --> 00:21:20,200 Speaker 1: have never been higher. And when I touched down, it's 360 00:21:20,240 --> 00:21:22,960 Speaker 1: reigning here in Cleveland. But when I touched down earlier 361 00:21:23,040 --> 00:21:27,199 Speaker 1: this morning, I went right to Eastport Street and that 362 00:21:27,400 --> 00:21:29,440 Speaker 1: is one of the best places for the restaurants. And 363 00:21:29,480 --> 00:21:32,920 Speaker 1: I remember it back four years ago for the Republican 364 00:21:33,000 --> 00:21:36,320 Speaker 1: National Convention. It's all shut down. I'm telling you, it's 365 00:21:36,359 --> 00:21:39,680 Speaker 1: hard to find a restaurant that's opened. Really remarkable things 366 00:21:39,680 --> 00:21:43,120 Speaker 1: in this city of Cleveland. Even more shutdown there, I say, 367 00:21:43,640 --> 00:21:46,680 Speaker 1: uh than than in Washington, d C. So we're gonna 368 00:21:46,680 --> 00:21:50,560 Speaker 1: have a full preview of the of the debate, obviously, 369 00:21:51,040 --> 00:21:54,680 Speaker 1: but a big news weekend and now some strategy starting 370 00:21:54,680 --> 00:21:57,600 Speaker 1: to emerge from the left on what they're going to 371 00:21:57,760 --> 00:22:02,280 Speaker 1: do with Judge Amy only bear it a c B 372 00:22:03,000 --> 00:22:08,080 Speaker 1: as the Republicans are calling her up as she's nominated 373 00:22:08,119 --> 00:22:11,400 Speaker 1: to the to the High Court, and and we're anticipating 374 00:22:11,640 --> 00:22:14,119 Speaker 1: that the Republicans, I was talking to sources over the weekend, 375 00:22:14,440 --> 00:22:16,640 Speaker 1: that it's gonna be about a four to six day 376 00:22:16,680 --> 00:22:21,320 Speaker 1: confirmation process. Democrats are limited in terms of just how 377 00:22:21,680 --> 00:22:25,320 Speaker 1: much they can stall or slow down this process just 378 00:22:25,359 --> 00:22:27,960 Speaker 1: because of the math that the Republicans have the advantage 379 00:22:27,960 --> 00:22:31,120 Speaker 1: in the upper upper court, so that the confirmation hearing 380 00:22:31,160 --> 00:22:35,560 Speaker 1: is before the Senate Judiciary Committee. Republican controlled Senate Judiciary 381 00:22:35,640 --> 00:22:40,399 Speaker 1: Committee are gonna begin about October eleven, maybe go a 382 00:22:40,440 --> 00:22:44,800 Speaker 1: little later than that. Uh and and they're gonna cover 383 00:22:44,880 --> 00:22:48,479 Speaker 1: everything before the Senate Judiciary UH committee. So it's been 384 00:22:48,520 --> 00:22:50,560 Speaker 1: the talk of the town. Obviously, it has implications on 385 00:22:50,560 --> 00:22:53,800 Speaker 1: twenty will dive into that, And of course has implications 386 00:22:53,800 --> 00:22:58,119 Speaker 1: on that Affordable Care Act, the health Care Obamacare UH 387 00:22:58,280 --> 00:23:02,480 Speaker 1: case that's gonna be before the Supreme Court scheduled on 388 00:23:02,520 --> 00:23:07,640 Speaker 1: the docket for November ten. November ten, so we'll dive 389 00:23:07,680 --> 00:23:10,280 Speaker 1: into that as well. Take a listen to what President 390 00:23:10,320 --> 00:23:16,639 Speaker 1: Trump had to say about the politicization of this moment 391 00:23:16,760 --> 00:23:19,240 Speaker 1: on the Supreme Court. Here's the President from over the 392 00:23:19,280 --> 00:23:23,720 Speaker 1: weekend the New York Times. Even religion is not consistent 393 00:23:23,800 --> 00:23:27,680 Speaker 1: with American values, and I'll stand up for her in Catholicism, 394 00:23:27,680 --> 00:23:30,400 Speaker 1: and we will fight the Democrat attacks. I mean, they're 395 00:23:30,400 --> 00:23:32,720 Speaker 1: attacking a major religion. I think that's the fight we're 396 00:23:32,720 --> 00:23:38,400 Speaker 1: gonna win pretty easily. Catholicism front and center, as Biden 397 00:23:39,359 --> 00:23:43,640 Speaker 1: looks to become only the second Catholic president in American history, 398 00:23:43,760 --> 00:23:49,080 Speaker 1: behind former President John F. Kennedy, Catholics having correctly chosen 399 00:23:49,600 --> 00:23:51,960 Speaker 1: the president of the United States every time since two 400 00:23:51,960 --> 00:23:57,000 Speaker 1: thousand and four. Recent polls have Trump trailing trailing in 401 00:23:57,040 --> 00:24:02,040 Speaker 1: the Catholic vote by single digits, so still thin striking distance. Uh, 402 00:24:02,280 --> 00:24:07,200 Speaker 1: Amy Cony Barrett a Catholic. UH. And and so right there, 403 00:24:07,359 --> 00:24:10,400 Speaker 1: the issue of religion now injected into this UH. And 404 00:24:10,440 --> 00:24:12,679 Speaker 1: then take a listen to Biden what he had to 405 00:24:12,720 --> 00:24:16,359 Speaker 1: say about healthcare and that all important November tenth case. 406 00:24:16,520 --> 00:24:19,760 Speaker 1: Here he is the judge is written as a written 407 00:24:19,800 --> 00:24:24,800 Speaker 1: track record, written trackord of disagreeing adamantly with the supremes 408 00:24:24,800 --> 00:24:30,600 Speaker 1: course decisions and to occasion upholding the A. It is remarkable. 409 00:24:30,680 --> 00:24:32,560 Speaker 1: Lewis Miranda is with us. He is former d n 410 00:24:32,600 --> 00:24:36,280 Speaker 1: C Communications director and director of Communications and Politics at 411 00:24:36,320 --> 00:24:40,400 Speaker 1: Alloy and John Cineliti's is a geopolitical strategist at Trilogy 412 00:24:40,440 --> 00:24:44,960 Speaker 1: Advisors and diplomacy consultant to the State Department. Lewis, you know, 413 00:24:45,040 --> 00:24:49,439 Speaker 1: I just outlined it there. You've got collision course of 414 00:24:49,560 --> 00:24:54,119 Speaker 1: issues in this nomination process, and really it looks like 415 00:24:54,200 --> 00:24:56,920 Speaker 1: Democrats are limited in terms of what they can do 416 00:24:57,280 --> 00:25:02,320 Speaker 1: to stop this nomination from being confirm. Yeah. I think 417 00:25:02,320 --> 00:25:05,480 Speaker 1: that you're absolutely right procedurally speaking, um, and and great 418 00:25:05,520 --> 00:25:08,000 Speaker 1: to beyond with Kevin by the way, But procedurally speaking, 419 00:25:08,280 --> 00:25:12,399 Speaker 1: Democrats don't have the upper hand because Republicans are in 420 00:25:12,480 --> 00:25:16,040 Speaker 1: control of the Senate. UM. But that's exactly what's motivating voters. 421 00:25:16,080 --> 00:25:18,719 Speaker 1: I think that, um, there might be a short term 422 00:25:18,840 --> 00:25:23,159 Speaker 1: victory for Republicans here, but ultimately people are getting fired 423 00:25:23,200 --> 00:25:26,480 Speaker 1: up about not just what they're seeing in terms of 424 00:25:26,480 --> 00:25:29,040 Speaker 1: the hypocrisy. I mean that Judge Amy brick Corn herself 425 00:25:29,200 --> 00:25:33,399 Speaker 1: was someone who when Marrek Garland was nominated, insisted that 426 00:25:33,640 --> 00:25:36,639 Speaker 1: that should be left to the next president. UM. And 427 00:25:36,920 --> 00:25:38,879 Speaker 1: I'm not sure that the American people like that hypocrisy 428 00:25:38,960 --> 00:25:41,520 Speaker 1: generally much less when they look at her deeply, deeply 429 00:25:41,560 --> 00:25:44,480 Speaker 1: conservative attitude. Look, uh, you know, at Alloy, what we 430 00:25:44,560 --> 00:25:47,440 Speaker 1: do is provide data to the progressive ecosystem, and what 431 00:25:47,560 --> 00:25:49,720 Speaker 1: we're seeing from our partner's work is just that there's 432 00:25:49,720 --> 00:25:52,920 Speaker 1: a lot of excitement enthusiasm. Uh. There's an organization called 433 00:25:53,000 --> 00:25:56,600 Speaker 1: Vote Like a Woman, for example. UM. They're a group 434 00:25:56,720 --> 00:25:58,760 Speaker 1: that got together literally just as some of the women's 435 00:25:58,800 --> 00:26:03,040 Speaker 1: marches in after jumps inauguration and decided to do something 436 00:26:03,080 --> 00:26:06,040 Speaker 1: about this themselves. They've now put through millions of voter 437 00:26:06,160 --> 00:26:10,199 Speaker 1: registration status checks through our systems. And uh, it's an 438 00:26:10,240 --> 00:26:13,680 Speaker 1: example of just how much energy and how much enthusium 439 00:26:13,800 --> 00:26:16,320 Speaker 1: is happening, not not just within the party structure, not 440 00:26:16,480 --> 00:26:18,600 Speaker 1: just within the campaigns, but just from people who are 441 00:26:18,680 --> 00:26:21,240 Speaker 1: fed up with what they're seeing from this president and 442 00:26:21,280 --> 00:26:23,800 Speaker 1: who want to change. And so when you look at 443 00:26:23,880 --> 00:26:28,000 Speaker 1: how bad and any bar Cohen Supreme Court seat would 444 00:26:28,040 --> 00:26:30,520 Speaker 1: be for women in this country, you see a lot 445 00:26:30,760 --> 00:26:35,680 Speaker 1: of of uh, long term political damage for Republicans because 446 00:26:35,720 --> 00:26:38,960 Speaker 1: it's just you know, uh, positions that would basically knock 447 00:26:39,040 --> 00:26:42,600 Speaker 1: down everything that Ruth Bader Ginsburg worked so hard to do. 448 00:26:43,040 --> 00:26:45,320 Speaker 1: And by the way, that would be terrible for the economy. 449 00:26:45,560 --> 00:26:47,439 Speaker 1: It would just be terrible for the economy and countries 450 00:26:47,480 --> 00:26:51,479 Speaker 1: where women are are limited in in all of their rights. Uh, 451 00:26:51,600 --> 00:26:54,200 Speaker 1: there's a huge economic impact and and and that would 452 00:26:54,200 --> 00:26:56,560 Speaker 1: be the case here and and people recognize that, both 453 00:26:56,640 --> 00:26:58,720 Speaker 1: men and women across the country. So I think short 454 00:26:58,840 --> 00:27:01,479 Speaker 1: term they have the advance pitched long term misdanaging, well, 455 00:27:01,520 --> 00:27:03,200 Speaker 1: I want to I want to just I want to 456 00:27:03,240 --> 00:27:05,520 Speaker 1: follow up with you before before well, let me let 457 00:27:05,600 --> 00:27:09,000 Speaker 1: me let me allow Johnson delities to respond, because you know, 458 00:27:09,480 --> 00:27:12,800 Speaker 1: from from a political short term perspective, this appears to 459 00:27:12,920 --> 00:27:16,119 Speaker 1: be a home run in battleground states where there are 460 00:27:16,280 --> 00:27:21,560 Speaker 1: a significant number of Catholics, Pennsylvania, I'm thinking of Wisconsin, Michigan, Ohio, 461 00:27:21,680 --> 00:27:26,239 Speaker 1: where I am broadcasting now for the debate, and beyond that, uh, 462 00:27:27,119 --> 00:27:30,600 Speaker 1: as it relates to the Environmental Protection Agency, as it 463 00:27:30,720 --> 00:27:35,080 Speaker 1: relates to other financial regulatory matters, you know, I don't know. 464 00:27:35,119 --> 00:27:38,240 Speaker 1: I mean, it's it's gonna be fascinating to watch to 465 00:27:38,400 --> 00:27:41,200 Speaker 1: watch those those confirmation hearings in real time as we're 466 00:27:41,280 --> 00:27:49,920 Speaker 1: as we're also covering debates john she's a textualist, she's 467 00:27:49,920 --> 00:27:55,560 Speaker 1: an originalist, and she espouses a conservative judicial disposition, There's 468 00:27:55,600 --> 00:27:58,400 Speaker 1: no doubt about it. But as long as the hearings 469 00:27:58,440 --> 00:28:01,800 Speaker 1: are about policy and about the proper role of a 470 00:28:01,920 --> 00:28:06,800 Speaker 1: justice in a constitutional order where they're not making the law, 471 00:28:06,960 --> 00:28:11,119 Speaker 1: but simply adjudicating whether or not laws and regulations are constitutional, 472 00:28:11,600 --> 00:28:14,159 Speaker 1: I think it's a very fair debate to have, and 473 00:28:14,240 --> 00:28:16,720 Speaker 1: I think the President, from his perspective, is wise to 474 00:28:16,800 --> 00:28:20,720 Speaker 1: put Senate Democrats on notice to not make the justices 475 00:28:20,880 --> 00:28:24,360 Speaker 1: or the judges, it's not a justice yet not make 476 00:28:24,440 --> 00:28:27,640 Speaker 1: her faith her religion an issue. But I think there 477 00:28:27,680 --> 00:28:29,640 Speaker 1: are going to be elements outside the Senate that are 478 00:28:29,640 --> 00:28:31,760 Speaker 1: going to do so, and that could backfire on the 479 00:28:31,840 --> 00:28:35,920 Speaker 1: Biden campaign's efforts to try to consolidate the Catholic vote. 480 00:28:35,960 --> 00:28:39,240 Speaker 1: That is, you correctly know, has voted correctly for every 481 00:28:39,320 --> 00:28:42,440 Speaker 1: elected president since two thousand four. So there's going to 482 00:28:42,480 --> 00:28:44,680 Speaker 1: be a very careful balance over here. But I think 483 00:28:44,720 --> 00:28:46,480 Speaker 1: for the most part, this is going to be about 484 00:28:47,280 --> 00:28:50,880 Speaker 1: her conservative philosophy. She's not going to forecast how she's 485 00:28:50,920 --> 00:28:53,720 Speaker 1: going to vote on any issue in concluding abortion. Aren't 486 00:28:53,720 --> 00:28:55,400 Speaker 1: hold it right there. We've got much more coming up. 487 00:28:55,400 --> 00:28:57,719 Speaker 1: I'm Kevin Serially live from Cleveland. You're listening to Woomberg 488 00:28:58,280 --> 00:29:16,080 Speaker 1: one Cleveland Rock the Theason We played that song. It's 489 00:29:16,080 --> 00:29:18,920 Speaker 1: because I'm in Cleveland. Kevin is in Cleveland. My name 490 00:29:19,000 --> 00:29:21,400 Speaker 1: is Kevin Cirelli. I'm the chief Washington correspondent for Bloomberg 491 00:29:21,400 --> 00:29:24,040 Speaker 1: Television and for Bloomberg Radio, and we're ready for the debate. 492 00:29:24,120 --> 00:29:27,720 Speaker 1: I gotta tell you, debates are truthfully one of my 493 00:29:27,880 --> 00:29:31,840 Speaker 1: favorite things to cover in politics because there's so much 494 00:29:32,080 --> 00:29:34,480 Speaker 1: that goes into them, and I have no clue what 495 00:29:34,680 --> 00:29:38,440 Speaker 1: to expect for this first presidential debate. All I know 496 00:29:38,640 --> 00:29:40,600 Speaker 1: is I touch down on the Cleveland airport. I see 497 00:29:40,600 --> 00:29:44,240 Speaker 1: a huge sign of Bruce Springsteen in the airport, Cleveland Airport, 498 00:29:44,320 --> 00:29:47,120 Speaker 1: because this is where what's what we called the rock 499 00:29:47,160 --> 00:29:50,120 Speaker 1: and Roll Hall of Fame. You know. I we're driving 500 00:29:50,120 --> 00:29:53,520 Speaker 1: into the city. David Susman, our coordinating field producer, I 501 00:29:53,640 --> 00:29:55,840 Speaker 1: see the triangles. That's what the rock and Roll Hall 502 00:29:55,880 --> 00:29:58,800 Speaker 1: of Fame is. And I said, all right, I'm ready. 503 00:29:59,360 --> 00:30:02,960 Speaker 1: I'm ready. We go. We get an immediate COVID test. 504 00:30:03,040 --> 00:30:06,240 Speaker 1: We're all being tested rapidly to see if we have 505 00:30:06,400 --> 00:30:11,800 Speaker 1: the COVID nineteen the nose swab. We test it thankfully clear. 506 00:30:12,080 --> 00:30:14,080 Speaker 1: So we're good to go, and we're going to pick 507 00:30:14,160 --> 00:30:16,960 Speaker 1: up the credentials after the show tonight. We're gonna have 508 00:30:17,160 --> 00:30:20,400 Speaker 1: complete continuing coverage and things that I'm going to be 509 00:30:20,480 --> 00:30:23,960 Speaker 1: looking for. As my friend and mentor Tom Keena Bloomberg, 510 00:30:24,000 --> 00:30:26,840 Speaker 1: surveillance always tells me to do what is the vibe? 511 00:30:27,200 --> 00:30:30,280 Speaker 1: What is the vibe on the various campaigns and their surrogates. 512 00:30:30,520 --> 00:30:32,360 Speaker 1: They're out in both force. I can tell you the 513 00:30:32,360 --> 00:30:34,640 Speaker 1: Trump campaign is out in full force. They're trying to 514 00:30:34,680 --> 00:30:38,400 Speaker 1: flood the airwaves, flood the zone. Uh. And quite honestly, 515 00:30:38,680 --> 00:30:41,440 Speaker 1: it's a contrast with Biden world simply because if you 516 00:30:41,480 --> 00:30:44,560 Speaker 1: look at the polls, it's gonna be remarkable to see. 517 00:30:45,320 --> 00:30:48,800 Speaker 1: Polling wise, Biden right now, even in those battleground states, 518 00:30:48,840 --> 00:30:51,720 Speaker 1: has the upper hand, but President Trump in striking distance, 519 00:30:52,240 --> 00:30:54,520 Speaker 1: especially in a state like Florida. So that's why all 520 00:30:54,600 --> 00:30:58,120 Speaker 1: of these things are really on collision courses. Uh. And 521 00:30:58,200 --> 00:31:00,960 Speaker 1: it's it's remarkable. So the debates so much riding on them, 522 00:31:01,000 --> 00:31:03,760 Speaker 1: and we'll have continuing coverage of them. John Cielites is 523 00:31:03,800 --> 00:31:07,000 Speaker 1: with me for the hour. John is a geo political 524 00:31:07,600 --> 00:31:12,000 Speaker 1: strategist at Trilogy Advisors and a diplomacy consultant to the 525 00:31:12,040 --> 00:31:14,880 Speaker 1: State's Apartment. Louis Miranda also with me, former d n 526 00:31:14,960 --> 00:31:20,800 Speaker 1: C Communications director and director of Communications and Politics at Alloy. John, 527 00:31:21,080 --> 00:31:23,400 Speaker 1: you know, there was that New York Times tax story 528 00:31:23,960 --> 00:31:26,000 Speaker 1: which pretty much says the President didn't pay a lot 529 00:31:26,080 --> 00:31:30,960 Speaker 1: of taxes, and uh, you know, I I think the president, 530 00:31:31,000 --> 00:31:32,800 Speaker 1: based upon my report, he's going to pivot in the 531 00:31:32,880 --> 00:31:35,080 Speaker 1: debate to use it as an opportunity to talk about 532 00:31:35,120 --> 00:31:37,600 Speaker 1: tax policy. Democrats are going to do it to talk 533 00:31:37,640 --> 00:31:42,400 Speaker 1: about economic inequality. I'm not. Do you do you think John, 534 00:31:42,920 --> 00:31:46,840 Speaker 1: that it's gonna shake up the dynamics of the of 535 00:31:46,920 --> 00:31:50,760 Speaker 1: the debate. No, I really don't. And I think it 536 00:31:50,800 --> 00:31:53,840 Speaker 1: will have nearly zero impact on voting patterns over the 537 00:31:53,960 --> 00:31:58,000 Speaker 1: next six weeks. Look, the president's opponents are going to say, see, 538 00:31:58,080 --> 00:32:02,040 Speaker 1: I told you so, he's a reprobate. The President's supporters 539 00:32:02,080 --> 00:32:06,760 Speaker 1: will say, okay, great Russia, hoax, impeachment, he insulted the military, 540 00:32:06,840 --> 00:32:10,280 Speaker 1: another fake news story. Who cares? So it's all baked 541 00:32:10,320 --> 00:32:14,880 Speaker 1: into the process already. And don't forget Kevin in the 542 00:32:15,000 --> 00:32:18,120 Speaker 1: issue of Trump paying taxes was was part of the 543 00:32:18,800 --> 00:32:22,760 Speaker 1: debate itself with Hillary Clinton, and he actually said by 544 00:32:22,920 --> 00:32:25,520 Speaker 1: not paying taxes when he didn't have to quote, that 545 00:32:25,720 --> 00:32:28,480 Speaker 1: makes me smart. So he's simply going to say, this 546 00:32:28,680 --> 00:32:31,440 Speaker 1: is the tax code as it's written. And this New 547 00:32:31,520 --> 00:32:34,280 Speaker 1: York Times report did not point to a single illegal 548 00:32:34,400 --> 00:32:38,920 Speaker 1: action by President Trump, no illegal tax avoidance. So if 549 00:32:38,960 --> 00:32:40,560 Speaker 1: we want to look at the tax code, I think 550 00:32:40,600 --> 00:32:43,040 Speaker 1: it's a very fair debate. I doubt he's going to 551 00:32:43,120 --> 00:32:46,120 Speaker 1: bring this up, though, And if Joe Biden does, or 552 00:32:46,160 --> 00:32:48,720 Speaker 1: if a question, or does Chris Wallace tomorrow night, Kevin, 553 00:32:49,120 --> 00:32:52,040 Speaker 1: I think he'll use it as a cudgel against Joe 554 00:32:52,120 --> 00:32:56,600 Speaker 1: Biden and start to talk about Hunter Biden's transactions with 555 00:32:56,760 --> 00:32:59,880 Speaker 1: the former mayor of Moscow, with the Chinese company and 556 00:33:00,000 --> 00:33:03,800 Speaker 1: investing in this private equity firm. Remember, Trump is absolutely unpredictable. 557 00:33:03,960 --> 00:33:06,000 Speaker 1: But if he's attacked on this with fields, he has 558 00:33:06,040 --> 00:33:08,760 Speaker 1: to be defensive. He's gonna come back twice as hard 559 00:33:08,800 --> 00:33:11,000 Speaker 1: against Joe Biden. You know, I'm surprised that we haven't 560 00:33:11,040 --> 00:33:14,880 Speaker 1: been talking about Fidel Castro more, to be honest, especially 561 00:33:15,120 --> 00:33:19,640 Speaker 1: with the Cuban vote in Florida. You know, Louis, let 562 00:33:19,680 --> 00:33:22,120 Speaker 1: me bring you into this. In the into this conversation, 563 00:33:22,200 --> 00:33:24,800 Speaker 1: I was looking at the cross tabs of these polls. 564 00:33:25,600 --> 00:33:29,440 Speaker 1: The President is getting more support amongst Hispanic voters. He's 565 00:33:29,480 --> 00:33:33,440 Speaker 1: he's outperforming his his performance from last cycle amongst Hispanics 566 00:33:33,800 --> 00:33:37,560 Speaker 1: and white working class voters. But Biden is outperforming better 567 00:33:37,640 --> 00:33:41,080 Speaker 1: than Clinton and last cycle amongst senior citizens and white 568 00:33:41,120 --> 00:33:43,400 Speaker 1: college graduates. If you look at the lead at the 569 00:33:43,520 --> 00:33:46,920 Speaker 1: various tracking polls, Biden is doing better against Trump at 570 00:33:46,960 --> 00:33:50,240 Speaker 1: this period in the race, significantly better than Hillary was 571 00:33:50,360 --> 00:33:54,000 Speaker 1: doing back at this point, but you know, it's it's 572 00:33:54,040 --> 00:33:57,240 Speaker 1: still seems closer in these battleground states. How important is 573 00:33:57,280 --> 00:34:00,800 Speaker 1: tomorrow night for Joe Biden, Lois Miranda. I think it's 574 00:34:00,840 --> 00:34:03,440 Speaker 1: important for boat campaigns. And you know, remember that Chris Wallace, 575 00:34:03,480 --> 00:34:06,320 Speaker 1: who's going to be hosting this moderating this debate, chose 576 00:34:06,400 --> 00:34:09,800 Speaker 1: several topics, one of which is the Trump and Biden records, 577 00:34:09,800 --> 00:34:11,319 Speaker 1: and so you can be sure that the tax issue 578 00:34:11,360 --> 00:34:13,520 Speaker 1: is going to come up. Uh. You know, Biden will 579 00:34:13,520 --> 00:34:16,800 Speaker 1: have the chance to knock down criticisms of his policies 580 00:34:17,200 --> 00:34:19,719 Speaker 1: and to you know, make it clear that nothing that 581 00:34:19,840 --> 00:34:22,200 Speaker 1: he would do would have anything but a positive impact 582 00:34:22,280 --> 00:34:24,640 Speaker 1: on anyone making less than four hundred thousand dollars a year, 583 00:34:24,680 --> 00:34:28,080 Speaker 1: which I think isn't important to debunk because it's one 584 00:34:28,080 --> 00:34:30,560 Speaker 1: of the key attacks that Republicans have been making, uh, 585 00:34:30,600 --> 00:34:33,160 Speaker 1: and Trump is going to have to answer for um, 586 00:34:34,040 --> 00:34:37,080 Speaker 1: what he's doing and how it has hurt uh communities 587 00:34:37,120 --> 00:34:40,560 Speaker 1: that proportionately on everything from tax cuts which have been 588 00:34:41,160 --> 00:34:45,000 Speaker 1: you know, skewed heavily to just favorite millionaires and hurt 589 00:34:45,640 --> 00:34:47,759 Speaker 1: working people, which I think will be a crux of 590 00:34:47,800 --> 00:34:50,959 Speaker 1: the Biden arguments. It will be that difference between someone 591 00:34:51,080 --> 00:34:54,560 Speaker 1: like him, who comes from Scranton, who understands working families 592 00:34:54,800 --> 00:34:57,520 Speaker 1: and and as he's laid out in his events, the 593 00:34:57,760 --> 00:35:01,399 Speaker 1: uh Park Avenue set like Donald Trump who looked down 594 00:35:01,400 --> 00:35:03,279 Speaker 1: their noses at them. And I think that's what the 595 00:35:03,360 --> 00:35:06,440 Speaker 1: Track tax cut issue could really illustrate that we didn't 596 00:35:06,440 --> 00:35:08,680 Speaker 1: have in two thousand and sixteen, is that you have 597 00:35:08,760 --> 00:35:11,160 Speaker 1: an example there of where he thinks he's smarter than 598 00:35:11,200 --> 00:35:13,840 Speaker 1: working families. He thinks that if you're a working family 599 00:35:14,000 --> 00:35:16,120 Speaker 1: and your son or daughter went to war, that their 600 00:35:16,160 --> 00:35:18,880 Speaker 1: losers because they went to put themselves at risk for 601 00:35:18,920 --> 00:35:23,840 Speaker 1: the country. I'm interrupting you. I'm interrupting you. I'm interrupting 602 00:35:23,880 --> 00:35:26,400 Speaker 1: you because because I want to talk policy, and you 603 00:35:26,520 --> 00:35:28,839 Speaker 1: know that the Republicans are just gonna say, well, that's 604 00:35:28,880 --> 00:35:31,920 Speaker 1: not true. We've refuted that last night. They literally did. 605 00:35:32,080 --> 00:35:33,320 Speaker 1: So I want to stay out of that because I 606 00:35:33,560 --> 00:35:36,160 Speaker 1: think our audience especially is looking really for the for 607 00:35:36,239 --> 00:35:38,200 Speaker 1: the policies. But I hear you, it's gonna get I 608 00:35:38,280 --> 00:35:40,120 Speaker 1: think what both we just heard from Lewis as well 609 00:35:40,160 --> 00:35:42,320 Speaker 1: as from John it's gonna get personal. There's gonna be 610 00:35:42,320 --> 00:35:44,560 Speaker 1: a lot of for lack of a better word, political noise, 611 00:35:44,800 --> 00:35:47,600 Speaker 1: for lack of a better word, political theater. But John, 612 00:35:48,320 --> 00:35:50,239 Speaker 1: I come back to this, and Lewis, I want to 613 00:35:50,280 --> 00:35:51,839 Speaker 1: get your take on this in the in the final sime, 614 00:35:51,920 --> 00:35:53,839 Speaker 1: we really have a minute left, John, But I come 615 00:35:53,880 --> 00:35:57,040 Speaker 1: back to this. Maybe this election cycle will be known 616 00:35:57,239 --> 00:36:00,880 Speaker 1: as the demise of the undecided voter. Johnathan Pharaoh on 617 00:36:00,920 --> 00:36:03,960 Speaker 1: Bloomberg Surveillance was alluding to this earlier this morning when 618 00:36:03,960 --> 00:36:05,960 Speaker 1: I was talking with him. But you look at the 619 00:36:06,400 --> 00:36:08,920 Speaker 1: demise of the undecided voter? Is this really in like 620 00:36:09,040 --> 00:36:12,080 Speaker 1: forty five seconds, John, is this really just a turnout 621 00:36:12,120 --> 00:36:16,280 Speaker 1: election for both campaigns to a large degree, Yes, Kevin, 622 00:36:16,400 --> 00:36:18,759 Speaker 1: I don't know that it's the demise of the undecided voter, 623 00:36:18,920 --> 00:36:24,000 Speaker 1: but it's certainly the diminution of the undecided and move 624 00:36:24,040 --> 00:36:27,520 Speaker 1: down to about ten percent. Two registered voters have not 625 00:36:27,640 --> 00:36:30,000 Speaker 1: made up their mind yet about Trump or Biden. Who 626 00:36:30,080 --> 00:36:31,719 Speaker 1: are they? I want to meet him. I want to 627 00:36:31,760 --> 00:36:33,759 Speaker 1: meet him here in Cleveland. If you're in Cleveland, you're 628 00:36:33,760 --> 00:36:36,160 Speaker 1: in Cleveland and you're undecided, hit me up. I want 629 00:36:36,160 --> 00:36:37,800 Speaker 1: to pick your brain. I'm related to a bunch of 630 00:36:37,880 --> 00:36:40,359 Speaker 1: mom That's what I called barrel of Kevin cereally. I'm 631 00:36:40,360 --> 00:36:43,919 Speaker 1: the chief Washington correspondent for Bloomberg Television and for Bloomberg Radio. 632 00:36:44,040 --> 00:36:46,640 Speaker 1: Download the Bloomberg's Down On podcast on applelichios of Bloomberg 633 00:36:46,640 --> 00:36:48,920 Speaker 1: dot Com by downloading the Bloomberg Business App. I can 634 00:36:48,960 --> 00:36:51,080 Speaker 1: tell you one thing, There's not going to be a draw. 635 00:36:51,360 --> 00:36:53,480 Speaker 1: No one's gonna think it was a draw, unlike my 636 00:36:53,560 --> 00:37:06,000 Speaker 1: Philadelphia Eagles. Oh you're listening to Bloomberg. This is Bloomberg 637 00:37:06,239 --> 00:37:10,880 Speaker 1: Sound On with Kevin Surreley on Bloomberg and one oh 638 00:37:10,960 --> 00:37:13,839 Speaker 1: five point seven f M h D two. My name 639 00:37:13,920 --> 00:37:16,440 Speaker 1: is Kevin CURRELI. I'm the chief Washington correspondent for Bloomberg 640 00:37:16,480 --> 00:37:20,040 Speaker 1: Television and for Bloomberg Radio. I'm broadcasting from downtown Cleveland 641 00:37:20,400 --> 00:37:24,759 Speaker 1: and anticipation of tomorrow Night's first presidential debate, will have live, 642 00:37:24,840 --> 00:37:29,680 Speaker 1: continuing coverage cross platform on Bloomberg Television and on Bloomberg Radio, 643 00:37:29,719 --> 00:37:33,520 Speaker 1: analysis on the issues, on the economy, cutting through all 644 00:37:33,600 --> 00:37:36,520 Speaker 1: of the political noise. So be sure to check that 645 00:37:36,640 --> 00:37:39,919 Speaker 1: out with us all throughout the next couple of days. 646 00:37:40,000 --> 00:37:42,800 Speaker 1: You know, it was a rough weekend. It was a 647 00:37:42,880 --> 00:37:45,120 Speaker 1: rough weekend. I don't even know if I would have 648 00:37:45,160 --> 00:37:48,959 Speaker 1: preferred the loss as opposed to the tie. As Doug 649 00:37:49,040 --> 00:37:53,840 Speaker 1: Peterson on the Philadelphia Eagles calls to punt in overtime, 650 00:37:53,920 --> 00:37:56,200 Speaker 1: Congressman Dwight Evans is with me. He's on the line. 651 00:37:56,239 --> 00:38:02,680 Speaker 1: He's a Philly congressman, Democrat representing the Pennsylvania's third congressional district. Congressman. 652 00:38:02,960 --> 00:38:05,720 Speaker 1: I mean, it was brutal. What is going on with wins? 653 00:38:06,880 --> 00:38:09,360 Speaker 1: I can't even laugh. Congress I'm so upset about this. 654 00:38:10,320 --> 00:38:15,680 Speaker 1: You just you just gotta have feet. I mean, for 655 00:38:15,840 --> 00:38:20,719 Speaker 1: five years nobody thought we win the Super Bowl. Neither, right, Well, 656 00:38:20,920 --> 00:38:23,040 Speaker 1: you know you want us the Super Bowl, nick Foles. 657 00:38:23,360 --> 00:38:27,040 Speaker 1: Nick Foles want us the Super Bowl. He had he 658 00:38:27,200 --> 00:38:29,080 Speaker 1: had to have, he had to have a team with 659 00:38:29,600 --> 00:38:32,480 Speaker 1: to have tea. With these three games, we still got 660 00:38:32,800 --> 00:38:35,320 Speaker 1: many more games. You know, we have that way of 661 00:38:35,440 --> 00:38:40,120 Speaker 1: bouncing back. I hope you're right, because that we weren't. 662 00:38:40,440 --> 00:38:43,680 Speaker 1: I'm just gonna move on because our executive producer, Christine 663 00:38:43,719 --> 00:38:46,439 Speaker 1: Baratto will say, Kevin, this is a political policy show, 664 00:38:46,800 --> 00:38:51,880 Speaker 1: and out of Philadelphia Eagles show, all right, let's talk taxes. 665 00:38:53,560 --> 00:38:56,400 Speaker 1: How's that for a pivot? Let's talk taxes, all right? 666 00:38:56,480 --> 00:38:58,840 Speaker 1: So you're on the Small Business Committee up in the 667 00:38:58,880 --> 00:39:01,720 Speaker 1: House of Representatives. I mean, how is this reverberating amongst 668 00:39:01,760 --> 00:39:05,279 Speaker 1: your Democratic colleagues, this New York Times tax story at 669 00:39:05,320 --> 00:39:09,240 Speaker 1: President Trump. Well, I'm on small business, I'm on Ways 670 00:39:09,280 --> 00:39:13,399 Speaker 1: and Means, and obviously, uh, it just doesn't smell right 671 00:39:13,760 --> 00:39:17,560 Speaker 1: when you think about the average citizens, firefighters, teachers, that 672 00:39:18,120 --> 00:39:22,360 Speaker 1: you know, it's like a a system that is not working. 673 00:39:22,480 --> 00:39:25,080 Speaker 1: And it's the reason why the chairman of the Ways 674 00:39:25,120 --> 00:39:28,200 Speaker 1: and Means Committee suit in the first place to have 675 00:39:28,520 --> 00:39:33,160 Speaker 1: the President exposed his tax returns. And it is just 676 00:39:33,320 --> 00:39:37,200 Speaker 1: this question around accountability. So when you look at it, 677 00:39:37,239 --> 00:39:40,200 Speaker 1: it really looks like he's gained the system. He has 678 00:39:40,239 --> 00:39:44,200 Speaker 1: been consistent for the last four years and saying because 679 00:39:44,239 --> 00:39:47,759 Speaker 1: of the audit, he cannot show his information, and now 680 00:39:47,840 --> 00:39:50,760 Speaker 1: you see his information, and basically that one he hasn't 681 00:39:50,760 --> 00:39:53,439 Speaker 1: paid any taxes and when he did, he pay seven 682 00:39:53,480 --> 00:39:59,719 Speaker 1: hundred fifty os. I mean, teachers, firefighters, people on the street. Um, 683 00:40:00,000 --> 00:40:03,000 Speaker 1: there's no way in the world that uh, they could 684 00:40:03,040 --> 00:40:04,960 Speaker 1: do that. And that's not the way the tax of 685 00:40:05,080 --> 00:40:08,000 Speaker 1: structure supposed worth. And that's why on the Ways the 686 00:40:08,080 --> 00:40:12,560 Speaker 1: Means Committee, we have that oversight responsibility of any person. 687 00:40:12,600 --> 00:40:15,759 Speaker 1: Nobody's above it, and small businesses who are struggling now 688 00:40:15,880 --> 00:40:20,280 Speaker 1: here based on the pandemic any economy don't have access 689 00:40:20,440 --> 00:40:24,000 Speaker 1: to resources. So again I think that's the wrong message 690 00:40:24,440 --> 00:40:28,480 Speaker 1: of this president doesn't believe and about accountability, and that 691 00:40:28,640 --> 00:40:31,400 Speaker 1: really shows he doesn't think he thinks he's above it. 692 00:40:31,520 --> 00:40:34,719 Speaker 1: I mean, in modern history, he's the only president that 693 00:40:34,800 --> 00:40:38,759 Speaker 1: has not showed his tax returns. And that's that's what 694 00:40:38,920 --> 00:40:42,400 Speaker 1: every citizens should be setting outrage about it. Well, and 695 00:40:42,560 --> 00:40:46,480 Speaker 1: I you know, listen, I've covered the president for years now, 696 00:40:47,280 --> 00:40:51,279 Speaker 1: and you know what what he says is essentially he said, 697 00:40:51,280 --> 00:40:53,120 Speaker 1: I mean I remember back on the campaign trail in 698 00:40:54,040 --> 00:40:57,520 Speaker 1: he would say he wants everyone who's in the middle 699 00:40:57,600 --> 00:40:59,800 Speaker 1: lower middle class to be able to take advantage of 700 00:40:59,840 --> 00:41:03,719 Speaker 1: this same low tax rates that the wealthy are able 701 00:41:03,800 --> 00:41:05,480 Speaker 1: to take advantage of. Take a listen to what the 702 00:41:05,520 --> 00:41:08,920 Speaker 1: President had to say in the last day about about 703 00:41:08,920 --> 00:41:10,840 Speaker 1: the New York Times tax story. Here's the president of 704 00:41:10,880 --> 00:41:15,160 Speaker 1: the United States totally fake news. No, actually I paid 705 00:41:15,440 --> 00:41:18,040 Speaker 1: tax but and you'll see that as soon as my 706 00:41:18,239 --> 00:41:21,759 Speaker 1: actually turr and so it's underruted. They've been underwrted for 707 00:41:21,800 --> 00:41:24,240 Speaker 1: a long time. The I R. S does not treating 708 00:41:24,280 --> 00:41:26,359 Speaker 1: me well, so that's what the President had to say 709 00:41:26,360 --> 00:41:28,160 Speaker 1: about it. I want to move on with Congressman Dwight Evans. 710 00:41:28,200 --> 00:41:30,920 Speaker 1: He's a Democrat from Pennsylvania's third congressional district. I want 711 00:41:30,960 --> 00:41:32,880 Speaker 1: to ask you about housing relief. I know you and 712 00:41:33,160 --> 00:41:36,960 Speaker 1: House Financial Services Committee Chairwoman Maxine Waters have been really, 713 00:41:37,120 --> 00:41:41,359 Speaker 1: really two leading voices in the Democratic Party in terms 714 00:41:41,400 --> 00:41:44,239 Speaker 1: of rent relief for COVID assistance that's set to expire. 715 00:41:44,560 --> 00:41:45,920 Speaker 1: You know, you look at people who are going to 716 00:41:45,960 --> 00:41:48,040 Speaker 1: be able to even pay their energy bills. It's just 717 00:41:48,160 --> 00:41:51,960 Speaker 1: a matter of weeks or days even its markable. The 718 00:41:52,000 --> 00:41:55,720 Speaker 1: reason why I'm pushing uh an an issue called making houses, 719 00:41:56,000 --> 00:41:59,680 Speaker 1: making house mad. It's important because it's very essential will 720 00:41:59,760 --> 00:42:02,200 Speaker 1: be okay, what's the current not just in Phildelphia, but 721 00:42:02,320 --> 00:42:06,319 Speaker 1: across the nation. Comminson Awards is from California and she's 722 00:42:06,400 --> 00:42:09,160 Speaker 1: chair of the Financial Service Committee. We and others have 723 00:42:09,239 --> 00:42:13,120 Speaker 1: been working together on the need of rental assistance, affordable housing. 724 00:42:13,760 --> 00:42:16,440 Speaker 1: We passed the bill which is in the Senate. There 725 00:42:16,480 --> 00:42:19,480 Speaker 1: were low income tax credit. I mean, these are issues 726 00:42:19,560 --> 00:42:21,919 Speaker 1: that need to be addressed here. We have a number 727 00:42:21,920 --> 00:42:25,000 Speaker 1: of people on the street homeless. Even the President who 728 00:42:25,360 --> 00:42:27,640 Speaker 1: who went out to l A and put up some 729 00:42:27,760 --> 00:42:30,400 Speaker 1: kind of commission, but we haven't seen the results. I mean, 730 00:42:30,640 --> 00:42:33,399 Speaker 1: at the end of the day, we need that initiative 731 00:42:33,560 --> 00:42:36,680 Speaker 1: to pass, and we're we're kind of pushing to make 732 00:42:36,760 --> 00:42:39,359 Speaker 1: sure that that initiative is a part of the next 733 00:42:39,440 --> 00:42:45,239 Speaker 1: relief package that Democrats have unveiled, a plan that's at 734 00:42:45,280 --> 00:42:48,360 Speaker 1: two point four trillion dollars, significantly less than than the 735 00:42:48,520 --> 00:42:51,360 Speaker 1: three plus trillion that they had originally asked for. I 736 00:42:51,480 --> 00:42:54,080 Speaker 1: know that Speaker Pelosi as well as the White House, 737 00:42:54,160 --> 00:42:58,000 Speaker 1: we're continuing negotiations today and over the weekend on more 738 00:42:58,080 --> 00:43:01,520 Speaker 1: fiscal relief coming. Uh. Do you think that this could 739 00:43:01,600 --> 00:43:04,120 Speaker 1: come before the election or just level with me, do 740 00:43:04,160 --> 00:43:06,399 Speaker 1: you think it's going to have to wait until after 741 00:43:06,480 --> 00:43:09,880 Speaker 1: the election for there to be another stimulus bill? Uh? 742 00:43:10,400 --> 00:43:12,560 Speaker 1: They answer is yes, it could be. You know, they're 743 00:43:12,600 --> 00:43:15,759 Speaker 1: trying to push through a Supreme Court justice. Yes, we 744 00:43:15,800 --> 00:43:20,040 Speaker 1: should do relief for people in terms of housing checks 745 00:43:20,120 --> 00:43:24,160 Speaker 1: to essential workers, states and local governments. There's no question 746 00:43:24,480 --> 00:43:27,120 Speaker 1: we can do what we want to do. Understand that, 747 00:43:27,320 --> 00:43:29,759 Speaker 1: I mean we did in the past. This is very 748 00:43:29,880 --> 00:43:32,640 Speaker 1: essential to this economy. You know, the Chairman of Facial 749 00:43:32,680 --> 00:43:36,600 Speaker 1: Reserves said, go big and go bold. That's what he said. 750 00:43:36,719 --> 00:43:41,239 Speaker 1: Chairman said, reserved this clearly, in my opinion, this economy 751 00:43:41,440 --> 00:43:44,480 Speaker 1: needs that, right. There's a lot of people stool in 752 00:43:44,719 --> 00:43:48,400 Speaker 1: dime needs you. Look at our unemployment situation, look at 753 00:43:48,400 --> 00:43:52,320 Speaker 1: the unfairness of income inequality. So there's no question that 754 00:43:52,480 --> 00:43:56,080 Speaker 1: this is something that we must do. It's not negotiable. 755 00:43:56,160 --> 00:43:58,520 Speaker 1: We need to get serious and do. All we gotta 756 00:43:58,560 --> 00:44:01,440 Speaker 1: do is past this relief back. But do you think, Congressman, 757 00:44:01,520 --> 00:44:04,520 Speaker 1: it it will happen before the election. And I want 758 00:44:04,560 --> 00:44:06,799 Speaker 1: to press you on this because I think so many 759 00:44:06,880 --> 00:44:10,640 Speaker 1: of the questions that I get from from viewers, from listeners, 760 00:44:10,719 --> 00:44:13,160 Speaker 1: and as well as from folks not just in the 761 00:44:13,200 --> 00:44:16,239 Speaker 1: business community, but but on on main street, is this 762 00:44:16,640 --> 00:44:19,000 Speaker 1: when is this coming? Is it gonna have to wait 763 00:44:19,120 --> 00:44:22,520 Speaker 1: until the next fiscal cliffs, so to speak, on December eleven? 764 00:44:22,719 --> 00:44:25,440 Speaker 1: Is that going to be really the more realistic timetable 765 00:44:26,200 --> 00:44:30,480 Speaker 1: or is there a very narrow, narrow window to get 766 00:44:30,520 --> 00:44:33,920 Speaker 1: it done before November three? Well, let me be very 767 00:44:34,920 --> 00:44:38,040 Speaker 1: direct with you. Look, we passed the Heroes that three 768 00:44:38,120 --> 00:44:40,719 Speaker 1: months ago. That's sitting in the sense the way this 769 00:44:40,800 --> 00:44:43,840 Speaker 1: process works. As we passed the build then the Senate 770 00:44:43,920 --> 00:44:47,040 Speaker 1: comes to the table and negotiate. They have not been 771 00:44:47,160 --> 00:44:51,959 Speaker 1: serious about that particular process. So the Speaker is using 772 00:44:52,120 --> 00:44:55,600 Speaker 1: all the leverage that she has with the Treasury UH 773 00:44:55,960 --> 00:44:59,359 Speaker 1: Secretary to understand that this must be done. So it's 774 00:44:59,400 --> 00:45:02,799 Speaker 1: not a question you know of of can it be done. 775 00:45:02,840 --> 00:45:05,400 Speaker 1: I'm saying that you can be done. It's a question 776 00:45:05,520 --> 00:45:09,880 Speaker 1: of political will. All right, final question for you. Pennsylvania 777 00:45:10,000 --> 00:45:14,160 Speaker 1: such a key battleground state. You're part of the state. UH, 778 00:45:14,280 --> 00:45:17,440 Speaker 1: turnout is going to be incredibly important, especially if Democrats 779 00:45:17,480 --> 00:45:21,320 Speaker 1: hope to win back Pennsylvania from President Trump at the 780 00:45:21,360 --> 00:45:24,080 Speaker 1: presidential level. Just give us the lay of the land. 781 00:45:24,400 --> 00:45:29,120 Speaker 1: As you see things. Biden is polling ahead, Tho's still 782 00:45:29,200 --> 00:45:33,080 Speaker 1: within still just by single digits ahead of of President 783 00:45:33,120 --> 00:45:37,040 Speaker 1: Trump in Pennsylvania. But what are you noticing in terms 784 00:45:37,120 --> 00:45:41,400 Speaker 1: of early voting and whatnot. Well, you know, that process 785 00:45:41,400 --> 00:45:44,680 Speaker 1: is just getting started, and the Vice president, in my view, 786 00:45:45,320 --> 00:45:48,600 Speaker 1: UH is being very methodical what I call block blah block. 787 00:45:49,080 --> 00:45:51,720 Speaker 1: I mean, he's been there, he's coming, he's traveling across 788 00:45:51,800 --> 00:45:54,359 Speaker 1: the state. He's taking the hall aspect of the state 789 00:45:54,480 --> 00:45:57,880 Speaker 1: with an agenda, you know, an agenda that is about 790 00:45:57,920 --> 00:46:01,440 Speaker 1: the people. I mean healthcare is merely to focus that 791 00:46:01,560 --> 00:46:04,399 Speaker 1: he's talking about me. Under the Trump you were talking 792 00:46:04,400 --> 00:46:08,600 Speaker 1: about getting rid of Obamacare, and under under Vice President Biden, 793 00:46:08,760 --> 00:46:11,640 Speaker 1: he understands the importance of half care in the need 794 00:46:11,760 --> 00:46:14,160 Speaker 1: for it. So I share with you. I feel very 795 00:46:14,200 --> 00:46:17,279 Speaker 1: out in Mysigo. Pennsylvania within a better position than we 796 00:46:17,400 --> 00:46:22,400 Speaker 1: were in twenty sixteen. Much more organized people are, you know, 797 00:46:22,600 --> 00:46:26,920 Speaker 1: out there calling everywhere. Even in the pandemic. They're working 798 00:46:27,080 --> 00:46:31,000 Speaker 1: much closer together all aspects of Pennsylvania. I've been around 799 00:46:31,040 --> 00:46:33,160 Speaker 1: here in my entire life, and I tell you I've 800 00:46:33,280 --> 00:46:38,080 Speaker 1: never seen the excitement engaged in about getting in getting 801 00:46:38,200 --> 00:46:41,560 Speaker 1: rid of this this president. Our congressman's boyd Evans, a 802 00:46:41,719 --> 00:46:45,520 Speaker 1: Democrat from Pennsylvania's third congressional district and an Eagles fan. 803 00:46:46,200 --> 00:46:48,200 Speaker 1: Come on, Congress, and we gotta have the Eagles turn 804 00:46:48,239 --> 00:46:51,200 Speaker 1: it around. I'm Kevin CERELLI you're listening to Wimberg. I 805 00:46:51,320 --> 00:47:01,560 Speaker 1: want you're listening to Bloomberg Sound On with Kevin Curley 806 00:47:01,800 --> 00:47:05,919 Speaker 1: on Bloomberg and one A five point h D two. 807 00:47:06,920 --> 00:47:09,080 Speaker 1: It's such a great song. I'm Kevin Sili, the chief 808 00:47:09,120 --> 00:47:13,040 Speaker 1: Washington correspondent for Bloomberg Television. And for Bloomberg Radio. John 809 00:47:13,120 --> 00:47:18,040 Speaker 1: Cides is with us. He is at Trilogy. He's a 810 00:47:18,120 --> 00:47:21,800 Speaker 1: he's a geopolitical strategist, a Trilogy advisors and diplomacy consultant 811 00:47:22,120 --> 00:47:24,720 Speaker 1: to the State's Department. Lewis Miranda is with us, former 812 00:47:24,800 --> 00:47:27,520 Speaker 1: d n C Communications director and director of Communications and 813 00:47:27,600 --> 00:47:31,279 Speaker 1: Politics at Alloy. It's time now from my favorite part 814 00:47:31,320 --> 00:47:35,640 Speaker 1: of the program, What is on your Radar? On the 815 00:47:35,719 --> 00:47:39,680 Speaker 1: Cleveland So I'm always always thinking about the debate for tomorrow, 816 00:47:40,080 --> 00:47:42,759 Speaker 1: and we're gonna make checking in on all of our 817 00:47:42,800 --> 00:47:46,680 Speaker 1: sources after the show to get some great programming for 818 00:47:46,840 --> 00:47:50,560 Speaker 1: everyone in the next couple of days. But John, what's 819 00:47:50,600 --> 00:47:53,120 Speaker 1: on your radar? You always bring it global. What's on 820 00:47:53,239 --> 00:47:57,840 Speaker 1: your Radar? I've got two topics, But first and foremost 821 00:47:58,000 --> 00:48:01,680 Speaker 1: is the unfortunate breakout of hush abilities in an area 822 00:48:01,719 --> 00:48:05,319 Speaker 1: of the world that's probably unfamiliar to most of your audience, Kevin, 823 00:48:05,440 --> 00:48:10,040 Speaker 1: but it's the new Gorno Karabakh conflict between Azerbaijan and Armenia. 824 00:48:10,560 --> 00:48:13,640 Speaker 1: And the reason this is important is because it potentially 825 00:48:13,719 --> 00:48:18,800 Speaker 1: involves Russia, Iran, and America's NATO ally in the region Turkey, 826 00:48:19,680 --> 00:48:24,319 Speaker 1: each taking sides several with Armenia several with Azerbaijan. We're 827 00:48:24,360 --> 00:48:28,920 Speaker 1: also talking about Azeri oil exports to Israel and gas 828 00:48:29,040 --> 00:48:31,960 Speaker 1: exports to Europe that can all be affected if this 829 00:48:32,160 --> 00:48:35,760 Speaker 1: blows up bigger than it already has. Two days of conflict. 830 00:48:35,840 --> 00:48:39,080 Speaker 1: We're hoping that international mediation can put a lid on it, 831 00:48:39,400 --> 00:48:41,840 Speaker 1: but a very dangerous powder keg. If you don't manage 832 00:48:41,920 --> 00:48:45,800 Speaker 1: this properly well and they've they've they've Armenia has declared 833 00:48:45,880 --> 00:48:49,200 Speaker 1: martial law. I mean, think about this, folks, Armenia has 834 00:48:49,280 --> 00:48:55,680 Speaker 1: declared martial law as a result of Azerbaijan. And you 835 00:48:55,960 --> 00:49:00,920 Speaker 1: mentioned the Negorno Karabakh area that they're disputing. It's the 836 00:49:00,960 --> 00:49:04,480 Speaker 1: size of Delaware. Tell our audience why that something, a 837 00:49:04,560 --> 00:49:07,360 Speaker 1: piece of land the size of Delaware, is bringing a 838 00:49:07,440 --> 00:49:10,560 Speaker 1: potential proxy, as you just laid out the dynamics of 839 00:49:10,600 --> 00:49:15,200 Speaker 1: the region, a proxy conflict for some other festering issues. 840 00:49:15,320 --> 00:49:19,480 Speaker 1: Why is that small of land? Great question. This is 841 00:49:19,560 --> 00:49:22,200 Speaker 1: one of the remnant hangovers of the demise of the 842 00:49:22,280 --> 00:49:25,360 Speaker 1: Soviet Union in the late eighties and early nineties. And 843 00:49:25,400 --> 00:49:31,759 Speaker 1: Agarno Karabak is technically Azerbaijani sovereign territory, but it's populated 844 00:49:31,760 --> 00:49:35,920 Speaker 1: almost completely by ethnic Armenians. There's been a historical rivalry 845 00:49:36,000 --> 00:49:39,560 Speaker 1: between the two peoples, and so these ethnic Armenians did 846 00:49:39,640 --> 00:49:42,800 Speaker 1: not want to be governed or controlled by Azaris, so 847 00:49:42,960 --> 00:49:46,640 Speaker 1: they declared themselves to be a breakaway republic. Armenia and 848 00:49:46,800 --> 00:49:50,040 Speaker 1: Azerbaijan went to war for three years between nine and 849 00:49:50,160 --> 00:49:53,279 Speaker 1: ninety four. They've never had a peace agreement. There's simply 850 00:49:53,360 --> 00:49:56,400 Speaker 1: been a ceasefire in place for twenty five years. And 851 00:49:56,520 --> 00:49:59,840 Speaker 1: my guess is this is a cry for international media 852 00:50:00,480 --> 00:50:05,200 Speaker 1: to help resolve this frozen conflict that's now an open war. Wow, 853 00:50:05,640 --> 00:50:07,960 Speaker 1: well all right, let me I know, I want to 854 00:50:08,000 --> 00:50:10,920 Speaker 1: make sure I get to Lewis before before I give 855 00:50:10,960 --> 00:50:14,520 Speaker 1: you a second attempt. So, but that's a fascinating one 856 00:50:14,560 --> 00:50:17,480 Speaker 1: that's also on my radars reading up on that all 857 00:50:17,520 --> 00:50:22,000 Speaker 1: this morning, Armenian Uh Lewis, what's on your radar? On 858 00:50:22,120 --> 00:50:24,680 Speaker 1: my radar? Is this the possibility again that House Democrats 859 00:50:25,120 --> 00:50:29,239 Speaker 1: are trying to get another stimulus proposal going? Um that 860 00:50:29,760 --> 00:50:32,040 Speaker 1: that would be huge. I think that uh, you know, 861 00:50:32,200 --> 00:50:36,280 Speaker 1: the market definitely like the idea of a potential uh deal. 862 00:50:36,520 --> 00:50:38,520 Speaker 1: And not only that, but when you think about people 863 00:50:38,600 --> 00:50:42,000 Speaker 1: who are looking at possibly getting evicted when you're looking 864 00:50:42,080 --> 00:50:45,160 Speaker 1: at the economic damage from just a mismanagement of the 865 00:50:45,200 --> 00:50:49,080 Speaker 1: COVID crisis. The CDC director expressing concerns that Trump's new 866 00:50:49,239 --> 00:50:52,879 Speaker 1: right hand doctor at these briefings is giving him misinformation 867 00:50:52,960 --> 00:50:55,920 Speaker 1: and pushing misinformation. Um, you have to be really concerned 868 00:50:56,000 --> 00:50:57,839 Speaker 1: that the economic hit we're gonna take is only gonna 869 00:50:57,880 --> 00:51:01,719 Speaker 1: keep getting extended. So uh, definitely of the hopeful that 870 00:51:02,000 --> 00:51:04,600 Speaker 1: we see a new stimulus proposal and see it moving forward. 871 00:51:05,320 --> 00:51:07,400 Speaker 1: Definitely a better way to spend time than than the 872 00:51:07,520 --> 00:51:10,440 Speaker 1: Supreme Court hearings, but a whole other segments. You know, 873 00:51:10,520 --> 00:51:15,080 Speaker 1: that's so smart because especially with with the Americans, I 874 00:51:15,200 --> 00:51:17,440 Speaker 1: think one of the things we've missed in the media, 875 00:51:17,960 --> 00:51:20,319 Speaker 1: not just about housing, is you just so correctly point 876 00:51:20,360 --> 00:51:23,279 Speaker 1: out and the millions of Americans impacted by this, but 877 00:51:23,719 --> 00:51:26,320 Speaker 1: our utility bills, and the Wall Street Journal notes that 878 00:51:26,400 --> 00:51:31,800 Speaker 1: in the next month, eighty million households will be without 879 00:51:31,960 --> 00:51:36,759 Speaker 1: protections for utility. So utility protection states have really had 880 00:51:36,840 --> 00:51:41,040 Speaker 1: to do, have had to pass various forms of legislation, 881 00:51:41,080 --> 00:51:46,080 Speaker 1: state legislations and requirements that protect people struggling with the 882 00:51:46,360 --> 00:51:49,280 Speaker 1: with the COVID collapse of the economy from from shutting 883 00:51:49,400 --> 00:51:53,920 Speaker 1: out off power, eighty million households in America will be 884 00:51:54,080 --> 00:51:56,920 Speaker 1: without there are losing those protections in the next month, 885 00:51:57,560 --> 00:52:01,080 Speaker 1: so power, UH, utilities. I mean, it's just it's just 886 00:52:01,200 --> 00:52:06,759 Speaker 1: another another dynamic to add to this, UH, to add 887 00:52:06,840 --> 00:52:10,840 Speaker 1: to this horrific economic collapse. Try to have them to 888 00:52:10,880 --> 00:52:17,480 Speaker 1: do this can get the electricity. It's just it's remarkable. 889 00:52:17,520 --> 00:52:20,160 Speaker 1: All right, here's it's all my radar. It's an Oracle 890 00:52:20,239 --> 00:52:24,200 Speaker 1: and TikTok of judge blocked the download ban on TikTok 891 00:52:24,560 --> 00:52:27,320 Speaker 1: yesterday was down at like the eleventh hour because remember 892 00:52:27,440 --> 00:52:32,879 Speaker 1: the President wanted to ban updates of the TikTok app 893 00:52:33,239 --> 00:52:37,239 Speaker 1: sitting national concert security concerns, and the ruling came down 894 00:52:37,320 --> 00:52:40,439 Speaker 1: by Judge Carl Nichols of the U. S. District Court 895 00:52:40,480 --> 00:52:42,839 Speaker 1: in Washington, d C. Who, by the way, President Trump 896 00:52:42,880 --> 00:52:46,000 Speaker 1: appointed UH And it was just four hours before the 897 00:52:46,040 --> 00:52:49,200 Speaker 1: band was set to take effect. However, after the election 898 00:52:49,440 --> 00:52:53,840 Speaker 1: is when the administration is continuing with this deal with TikTok. 899 00:52:53,920 --> 00:52:56,399 Speaker 1: There's all this back and forth between BikeE Dance, which 900 00:52:56,440 --> 00:52:59,200 Speaker 1: owns TikTok, and Oracle and Walmart which want to go 901 00:52:59,320 --> 00:53:01,480 Speaker 1: and buy it. UH. And whether or not the U 902 00:53:01,640 --> 00:53:05,120 Speaker 1: S will have a majority ownership on TikTok. It's it's 903 00:53:05,160 --> 00:53:10,080 Speaker 1: a fascinating, fascinating sifist dynamic ruling about the precedent it 904 00:53:10,239 --> 00:53:14,000 Speaker 1: sets for US companies and US consumers and whether or 905 00:53:14,080 --> 00:53:18,240 Speaker 1: not a Chinese owned app can penetrate into the US market. 906 00:53:18,320 --> 00:53:21,000 Speaker 1: So that's that's all my radar today. All right, John, 907 00:53:21,560 --> 00:53:23,440 Speaker 1: we got like a minute left. What's what's the other 908 00:53:23,520 --> 00:53:28,160 Speaker 1: thing on your radar? Kevin? Thank you for that unsolicited segue. 909 00:53:28,880 --> 00:53:32,200 Speaker 1: Barring post election day chaos, there will be an emerging 910 00:53:32,320 --> 00:53:37,279 Speaker 1: bipartisan consensus in the US Congress in January for in 911 00:53:37,480 --> 00:53:41,520 Speaker 1: US and international led push to revoke and rebid the 912 00:53:43,040 --> 00:53:48,200 Speaker 1: Winter Olympics now scheduled in Beijing, citing Chinese human rights 913 00:53:48,280 --> 00:53:53,160 Speaker 1: abuses and violations against Wagers, Tibetans, Mongolians, Hong Konger's and 914 00:53:53,200 --> 00:53:56,520 Speaker 1: its own citizens. And this will likely provoke a major 915 00:53:56,680 --> 00:54:00,520 Speaker 1: Chinese backlash in what form exactly, It's unclear here, but 916 00:54:00,680 --> 00:54:04,520 Speaker 1: I see this emerging in January. That's smart, and you 917 00:54:04,600 --> 00:54:07,480 Speaker 1: know I I I'm gonna start sniffing around on that, 918 00:54:07,719 --> 00:54:12,440 Speaker 1: John uh. And just over the weekend, President shi Jing 919 00:54:12,520 --> 00:54:17,520 Speaker 1: Ping of China gave a speech at the Communist Party 920 00:54:17,560 --> 00:54:22,240 Speaker 1: about and he defended his actions in the Shinjang province 921 00:54:22,440 --> 00:54:27,800 Speaker 1: against the weaker minorities. Defended it. John defended it. And 922 00:54:27,920 --> 00:54:30,080 Speaker 1: of course this has become a nonpartisan issue in the 923 00:54:30,160 --> 00:54:35,439 Speaker 1: United States, with Republicans and Democrats UH rightfully criticizing those 924 00:54:35,480 --> 00:54:38,120 Speaker 1: horrific human rights abuses. Do you believe that he defended it? 925 00:54:38,280 --> 00:54:42,800 Speaker 1: She did. Of course he did. The Chinese government of 926 00:54:42,840 --> 00:54:46,920 Speaker 1: the Chinese Communist Party has been undergoing extraordinarily aggressive and 927 00:54:47,080 --> 00:54:50,440 Speaker 1: arrogant posture really since Hi Jinking came to power, but 928 00:54:50,600 --> 00:54:54,200 Speaker 1: especially since he became president for life about three years ago. 929 00:54:54,719 --> 00:54:57,440 Speaker 1: And I think we're really in a cold war of 930 00:54:57,600 --> 00:55:00,600 Speaker 1: sorts between the US and China right now, and we'll 931 00:55:00,640 --> 00:55:04,720 Speaker 1: see this expanse to an international coalition, especially given China's 932 00:55:04,760 --> 00:55:07,600 Speaker 1: COVID concealment of the last eight months. And listen, I've 933 00:55:07,640 --> 00:55:09,279 Speaker 1: got a lot of respect for Chris Wallace, and I 934 00:55:09,400 --> 00:55:11,520 Speaker 1: know that that one of the things I'm looking forward to, 935 00:55:11,640 --> 00:55:14,440 Speaker 1: As Louis pointed out earlier in the hour, U is 936 00:55:14,520 --> 00:55:17,200 Speaker 1: really getting into the policy. Enough of the theater, enough 937 00:55:17,280 --> 00:55:19,360 Speaker 1: of the back and forth and the and the Jim Jabs. 938 00:55:19,400 --> 00:55:21,919 Speaker 1: I mean, these are such serious issues, and I really 939 00:55:22,000 --> 00:55:24,200 Speaker 1: hope this is my hope, and I guess I'm getting 940 00:55:24,200 --> 00:55:26,080 Speaker 1: honest a really soapbox. I don't mean to, but I 941 00:55:26,160 --> 00:55:28,600 Speaker 1: really hope that we can have some more clarity on 942 00:55:28,880 --> 00:55:32,080 Speaker 1: on how each nominee and how each candidate would use 943 00:55:32,120 --> 00:55:34,120 Speaker 1: their time in the in the Oval Office and as 944 00:55:34,200 --> 00:55:38,480 Speaker 1: Commander in chief uh to to set foreign policy with 945 00:55:38,640 --> 00:55:41,279 Speaker 1: with China, because it's without question going to be the 946 00:55:41,480 --> 00:55:44,959 Speaker 1: one of the dominant, if not the dominant issue geo 947 00:55:45,040 --> 00:55:49,040 Speaker 1: politically for years to come, and outlasting either of their 948 00:55:49,080 --> 00:55:51,840 Speaker 1: times uh in in the White House. All Right, that 949 00:55:51,920 --> 00:55:53,719 Speaker 1: does it for me. I'm Kevin Cirelli. I'm the chief 950 00:55:53,760 --> 00:55:57,160 Speaker 1: Washington correspondent for Bloomberg Television and for Bloomberg Radio. Thank 951 00:55:57,160 --> 00:55:59,719 Speaker 1: you to Mark CHENOWI, thank you to Katie Greenfield, UH 952 00:55:59,800 --> 00:56:01,960 Speaker 1: they you also to Congressman Dwight Evans and to our 953 00:56:02,040 --> 00:56:04,040 Speaker 1: panel Lewis Miranda. Always great to catch up with you, 954 00:56:04,120 --> 00:56:07,480 Speaker 1: Lewis and Johnson, the ladies, you two. John I'm in Cleveland. 955 00:56:07,680 --> 00:56:09,560 Speaker 1: I'm Kevin Surrey. You're listening to Bloomberg