1 00:00:00,840 --> 00:00:05,600 Speaker 1: Why from our nation's camera. How do we reopen this economy? 2 00:00:05,680 --> 00:00:08,800 Speaker 1: The latest on how this pandemic is impacting farmers. What 3 00:00:08,920 --> 00:00:11,920 Speaker 1: does this do for the United States relationship with China? 4 00:00:12,080 --> 00:00:17,000 Speaker 1: Bloomberg Sound on, the insiders, the influencers, the insides. We're 5 00:00:17,040 --> 00:00:20,239 Speaker 1: responding to this crisis and manufacturers are stepping up like 6 00:00:20,360 --> 00:00:23,880 Speaker 1: never before. You're looking at seventy Kennedy for different vactorines. 7 00:00:23,960 --> 00:00:26,600 Speaker 1: How do we make sure a pandemic of this scale 8 00:00:26,680 --> 00:00:30,760 Speaker 1: never happens again? This is Bloomberg Sound On with Kevin 9 00:00:30,840 --> 00:00:36,040 Speaker 1: Shirl on Bloomberg and one oh five h D two. 10 00:00:36,600 --> 00:00:41,159 Speaker 1: Israel and the U a s sign an agreement to 11 00:00:41,400 --> 00:00:46,440 Speaker 1: establish ties. We've got the complete policy analysis and description 12 00:00:46,600 --> 00:00:50,320 Speaker 1: on the big Middle East news driving the geo political 13 00:00:50,360 --> 00:00:54,760 Speaker 1: conversations for today. And on the domestic front, President Trump 14 00:00:54,800 --> 00:00:58,800 Speaker 1: now tying the postal service funding to vote by mail? 15 00:00:59,080 --> 00:01:01,640 Speaker 1: What does it mean? And we await President Trump's press 16 00:01:01,640 --> 00:01:05,840 Speaker 1: conference in sets to begin just within the next sixty minutes. 17 00:01:05,880 --> 00:01:08,360 Speaker 1: I'll take your live to the White House as it happens. 18 00:01:08,360 --> 00:01:12,360 Speaker 1: And former Fed share Janet Yellen, now an advisor two 19 00:01:12,400 --> 00:01:18,560 Speaker 1: presumptive Democratic presidential nominee Joe Biden. She met with Biden 20 00:01:18,720 --> 00:01:22,600 Speaker 1: and Senator Kamala Harris. What does that mean, especially as 21 00:01:22,640 --> 00:01:25,520 Speaker 1: she's now calling for another round of dot Frank, you know, 22 00:01:25,640 --> 00:01:28,800 Speaker 1: Biden White House will break it all down, the policy 23 00:01:28,800 --> 00:01:31,480 Speaker 1: of the politics with a little bit of personality. But 24 00:01:31,520 --> 00:01:36,200 Speaker 1: and I just got uh the confirmation folks that Avi 25 00:01:36,319 --> 00:01:38,839 Speaker 1: Berkowitz from the White House is going to be calling 26 00:01:38,880 --> 00:01:42,280 Speaker 1: into this program, and we are going within the next 27 00:01:42,800 --> 00:01:45,800 Speaker 1: half hour. He's the Assistant to the President and Special 28 00:01:45,800 --> 00:01:49,200 Speaker 1: Representative for international negotiations. He's calling in to talk about 29 00:01:49,240 --> 00:01:53,720 Speaker 1: the US or the UAE Israel deal. And so with that, 30 00:01:53,760 --> 00:01:56,000 Speaker 1: we're going to set the stage with our first guest, 31 00:01:56,040 --> 00:02:00,480 Speaker 1: because this is a major, major development UH on the 32 00:02:00,520 --> 00:02:04,920 Speaker 1: international front. Israel and the UAE reached an agreement to 33 00:02:05,040 --> 00:02:11,440 Speaker 1: begin normalizing relations, a potentially historic breakthrough, hailed by American 34 00:02:11,520 --> 00:02:14,560 Speaker 1: and Israeli leaders as a crucial step toward peace, yet 35 00:02:14,560 --> 00:02:17,799 Speaker 1: assailed by Palestinian officials as a betrayal. There was a 36 00:02:17,880 --> 00:02:21,560 Speaker 1: joint statement earlier this afternoon from the United States, Israel, 37 00:02:21,639 --> 00:02:24,320 Speaker 1: and the UAE, and they announced that the two Mid 38 00:02:24,320 --> 00:02:29,160 Speaker 1: East nations will establish normal ties, signaling that they will 39 00:02:29,200 --> 00:02:33,920 Speaker 1: send ambassadors and open more direct commercial relations, including including 40 00:02:34,520 --> 00:02:38,120 Speaker 1: air travel. Wow. And according to this statement, the UAE 41 00:02:38,240 --> 00:02:41,040 Speaker 1: and Israel are going to begin a range of talks 42 00:02:41,160 --> 00:02:45,000 Speaker 1: in the coming weeks. While Israel get this, Israel has 43 00:02:45,120 --> 00:02:49,960 Speaker 1: also agreed to suspend efforts to declare sovereignty over parts 44 00:02:50,360 --> 00:02:54,440 Speaker 1: of the West Bank. Let's bring in Ambassador Daniel Kurtzner. 45 00:02:54,480 --> 00:02:57,600 Speaker 1: He is the former U S Ambassador to Israel this year. Ambassador, 46 00:02:57,680 --> 00:03:00,240 Speaker 1: I am so incredibly grateful for your expertise. Suspect. Actually, 47 00:03:00,280 --> 00:03:02,200 Speaker 1: as we set the stage for av in the next 48 00:03:02,240 --> 00:03:04,520 Speaker 1: half hour, you are now also a lecturer at the 49 00:03:05,080 --> 00:03:08,760 Speaker 1: S Daniel Abram and the S Daniel Abram Professor of 50 00:03:08,800 --> 00:03:13,960 Speaker 1: Middle East Policy Studies at Princeton An ambassador, What specifically 51 00:03:14,000 --> 00:03:19,079 Speaker 1: does this mean for the U S geopolitical um relationship 52 00:03:19,120 --> 00:03:22,640 Speaker 1: with the Middle East? Kevin, It is a big deal. Uh. 53 00:03:22,840 --> 00:03:28,280 Speaker 1: The Israeli Emirati relationship has been ongoing for a number 54 00:03:28,320 --> 00:03:32,920 Speaker 1: of years, but behind closed doors, primarily focused on intelligence 55 00:03:32,960 --> 00:03:36,280 Speaker 1: and security cooperation. Now that it's going to come out 56 00:03:36,360 --> 00:03:40,840 Speaker 1: to the light of day, including business relationships, tourism, the 57 00:03:40,920 --> 00:03:44,200 Speaker 1: direct flights that you mentioned and so forth. Uh, this 58 00:03:44,280 --> 00:03:48,040 Speaker 1: is a very positive development in what's called normalization. In 59 00:03:48,080 --> 00:03:52,080 Speaker 1: other words, Israel being seen as a normal country in 60 00:03:52,120 --> 00:03:56,120 Speaker 1: a region in which it is only had relationships of 61 00:03:57,240 --> 00:03:59,880 Speaker 1: hostility until now. So this is this is a big deal. 62 00:04:00,640 --> 00:04:04,880 Speaker 1: You served in both the Clinton administration as well as 63 00:04:04,960 --> 00:04:09,200 Speaker 1: the George W. Bush administration, and so uh in terms 64 00:04:09,240 --> 00:04:12,120 Speaker 1: of what this means for Palestine. What does this do 65 00:04:12,320 --> 00:04:16,360 Speaker 1: for Palestine and their ability to negotiate? Does this hinder 66 00:04:16,440 --> 00:04:19,400 Speaker 1: their ability to negotiate? Or does this emboldened has blah 67 00:04:19,520 --> 00:04:22,960 Speaker 1: or what? What? What will the reaction be from the Palestinians. Well, 68 00:04:23,000 --> 00:04:24,719 Speaker 1: we've seen in the course of the day that the 69 00:04:24,720 --> 00:04:29,520 Speaker 1: Palestinian leadership has been needing an emergency session, and as 70 00:04:29,560 --> 00:04:32,720 Speaker 1: you noted at the top of this report, they're calling 71 00:04:33,240 --> 00:04:37,440 Speaker 1: the UAE steps treason as as an abandonment of the 72 00:04:37,440 --> 00:04:41,039 Speaker 1: Palestinian issue, and I think that's going to be the 73 00:04:41,040 --> 00:04:44,400 Speaker 1: way they cast it, uh, in a hope that it 74 00:04:44,440 --> 00:04:48,280 Speaker 1: does not lead to further efforts by other Arab states 75 00:04:48,279 --> 00:04:52,600 Speaker 1: to normalize with Israel. On the other hand, the Palestinians 76 00:04:52,600 --> 00:04:55,080 Speaker 1: don't have much of an option now. They had put 77 00:04:55,160 --> 00:04:58,200 Speaker 1: a lot of store in the so called Arab Peace 78 00:04:58,240 --> 00:05:01,960 Speaker 1: Initiative that was developed by the eighteen years ago and 79 00:05:02,040 --> 00:05:06,000 Speaker 1: hoped for our solidarity behind them, But now we see 80 00:05:06,040 --> 00:05:09,520 Speaker 1: that that solidarity is starting to break apart. And and 81 00:05:09,560 --> 00:05:12,400 Speaker 1: with regards to that solidarity, and I'm gonna ask all 82 00:05:12,440 --> 00:05:14,080 Speaker 1: of you about this coming up. I mean, he's been 83 00:05:14,080 --> 00:05:16,640 Speaker 1: behind the scenes driving the force on this. But but 84 00:05:17,600 --> 00:05:20,400 Speaker 1: in in terms of that, the insinuation is that the 85 00:05:20,520 --> 00:05:23,600 Speaker 1: UA is just the beginning and that other states are 86 00:05:23,600 --> 00:05:25,640 Speaker 1: going to come on board with this, which other states 87 00:05:25,680 --> 00:05:30,080 Speaker 1: could we see follow suit here? Well, I'm not persuaded 88 00:05:30,120 --> 00:05:32,920 Speaker 1: that you will see other states quickly come on board. 89 00:05:33,520 --> 00:05:38,359 Speaker 1: Some of the other Wealth states, for example, Ohman, Bahrain, 90 00:05:39,320 --> 00:05:42,520 Speaker 1: both of which have had the same kind of behind 91 00:05:42,600 --> 00:05:47,440 Speaker 1: the scenes relationship with Israel, are possible targets for the 92 00:05:47,480 --> 00:05:51,080 Speaker 1: next shooter drop. But my guess is that there will 93 00:05:51,160 --> 00:05:54,240 Speaker 1: be a certain amount of caution on the part of 94 00:05:54,279 --> 00:05:57,840 Speaker 1: other our states to see whether or not the pause 95 00:05:58,480 --> 00:06:02,400 Speaker 1: in the Israeli annexation plans is really a pause or 96 00:06:02,440 --> 00:06:05,880 Speaker 1: if it's uh temporary and they go ahead and and 97 00:06:05,960 --> 00:06:08,839 Speaker 1: do the annexation. So I think you may see the 98 00:06:08,839 --> 00:06:11,920 Speaker 1: other our states wait a bit, uh just to see 99 00:06:11,960 --> 00:06:15,280 Speaker 1: what the Israelis do with regard to annexation. And and 100 00:06:15,720 --> 00:06:18,599 Speaker 1: former Ambassador Daniel Kerchers on the line. He's the former U. S. 101 00:06:18,600 --> 00:06:21,160 Speaker 1: Ambassador to Israel as well as the former U. S 102 00:06:21,200 --> 00:06:24,560 Speaker 1: Ambassador to Egypt. He served in both the Clinton and 103 00:06:24,640 --> 00:06:27,200 Speaker 1: Bush at White Houses. He is a lecturer and S. 104 00:06:27,279 --> 00:06:30,360 Speaker 1: Daniel Abraham Professor of Middle East Policy Studies a Princeton. 105 00:06:30,760 --> 00:06:32,600 Speaker 1: All right, so this is a delicate question, but I 106 00:06:32,640 --> 00:06:35,360 Speaker 1: gotta ask it. You know, right now, so many Americans 107 00:06:35,400 --> 00:06:38,560 Speaker 1: are facing some tough economic times. They've got a lot 108 00:06:38,600 --> 00:06:41,640 Speaker 1: on their mind. They're incredibly worn out. And the question 109 00:06:41,640 --> 00:06:43,640 Speaker 1: that I always have to ask when I cover foreign 110 00:06:43,640 --> 00:06:47,440 Speaker 1: policy is why should the average American care right now 111 00:06:47,480 --> 00:06:51,360 Speaker 1: about what this does overseas in the Middle East? Why? 112 00:06:51,400 --> 00:06:55,760 Speaker 1: Why should they care? How does it impact their lives? Kevin? Realistically, 113 00:06:55,920 --> 00:06:58,880 Speaker 1: this occurs on the same day as the President announcing 114 00:06:58,920 --> 00:07:01,880 Speaker 1: that he doesn't want to help the Post Office get 115 00:07:01,880 --> 00:07:05,000 Speaker 1: out of its economic mess, which is a much I 116 00:07:05,080 --> 00:07:07,680 Speaker 1: usually try to keep ambassadors out of the out of 117 00:07:07,680 --> 00:07:12,000 Speaker 1: the domestic conversation, but you took me right there. Go ahead, Yeah, 118 00:07:12,200 --> 00:07:15,200 Speaker 1: you know, for for for me as an American citizen, 119 00:07:15,320 --> 00:07:18,920 Speaker 1: that's the news story today. Uh, for me, as a 120 00:07:18,960 --> 00:07:22,080 Speaker 1: Middle East analyst and one who has spent an entire 121 00:07:22,200 --> 00:07:25,000 Speaker 1: career on the Middle East. This certainly is the development 122 00:07:25,000 --> 00:07:28,120 Speaker 1: worth noting, and there is a small population in the 123 00:07:28,200 --> 00:07:31,320 Speaker 1: United States that cares about this issue, so you know, 124 00:07:31,480 --> 00:07:33,320 Speaker 1: the president will get a little bit of a boost 125 00:07:33,360 --> 00:07:36,920 Speaker 1: from that population. But um, you know, the rest of 126 00:07:36,960 --> 00:07:39,200 Speaker 1: your broadcast, I imagine it is kind of focused on 127 00:07:39,600 --> 00:07:41,720 Speaker 1: the domestic issues we're gonna talk about, not going to 128 00:07:41,800 --> 00:07:45,080 Speaker 1: make much of a difference. You're giving me a great preview. Yeah, folks, 129 00:07:45,080 --> 00:07:48,360 Speaker 1: we are going to talk about about domestic politics and 130 00:07:48,400 --> 00:07:51,000 Speaker 1: the like coming up, and about what the President had 131 00:07:51,040 --> 00:07:53,520 Speaker 1: to say about the United States Postal Service. But before 132 00:07:53,560 --> 00:07:54,800 Speaker 1: I let you go, I do want to ask you 133 00:07:54,840 --> 00:07:57,000 Speaker 1: one more thing. And you know this. I mean you 134 00:07:57,000 --> 00:07:59,400 Speaker 1: look at Democrat the Democratic Party right now, and there's 135 00:07:59,440 --> 00:08:02,680 Speaker 1: some folks like gilan Omar who have been well doing 136 00:08:02,720 --> 00:08:06,760 Speaker 1: horrible things about Israel, and it's you know, what, do 137 00:08:07,200 --> 00:08:09,720 Speaker 1: you think even if Joe Biden wins on November three, 138 00:08:09,960 --> 00:08:13,720 Speaker 1: that this policy will stand and that the that the 139 00:08:13,760 --> 00:08:17,040 Speaker 1: shift here that that was noted will stand, and that 140 00:08:17,160 --> 00:08:23,000 Speaker 1: the US Israeli alliance is still strong. Oh for sure. Look, 141 00:08:23,040 --> 00:08:26,120 Speaker 1: Biden has a very long track record of support and 142 00:08:26,200 --> 00:08:29,880 Speaker 1: a very good relationship within Israel. So, um, you know, 143 00:08:29,920 --> 00:08:33,720 Speaker 1: our relationship with Israel will will continue and strengthen. UM. 144 00:08:34,000 --> 00:08:38,280 Speaker 1: What Biden may throw overboard is the very poorly conceived 145 00:08:38,320 --> 00:08:41,600 Speaker 1: Trump Plan, the so called Peace Plan, which is really 146 00:08:41,679 --> 00:08:46,720 Speaker 1: quite quite poorly executed and conceived. UM, and he won't 147 00:08:46,720 --> 00:08:49,880 Speaker 1: have to worry about annexation at least if this U 148 00:08:49,960 --> 00:08:53,960 Speaker 1: a E. Israel agreement stands. So in a sense, you know, 149 00:08:54,000 --> 00:08:55,800 Speaker 1: maybe this has done a little bit of a favor 150 00:08:55,880 --> 00:08:59,160 Speaker 1: for Biden that he can try to straighten out our 151 00:08:59,200 --> 00:09:03,920 Speaker 1: policy and not be burdened by undoing even more than 152 00:09:03,920 --> 00:09:07,199 Speaker 1: he has to undo with respect to the Israeli Palestinian issue. 153 00:09:07,559 --> 00:09:09,320 Speaker 1: I've got more questions for you, but I don't have 154 00:09:09,360 --> 00:09:11,960 Speaker 1: any more time. Thank you so much for for calling in. 155 00:09:12,000 --> 00:09:15,600 Speaker 1: I really appreciate your insights on this foreign policy issue 156 00:09:15,679 --> 00:09:18,800 Speaker 1: that's in BAT. Former Ambassador Daniel Kurtzer, he's the former 157 00:09:18,920 --> 00:09:22,800 Speaker 1: US and BATS Ambassador to Israel UH and the former U. 158 00:09:22,800 --> 00:09:25,520 Speaker 1: S Ambassador to Egypt and now a lecturer for the 159 00:09:25,640 --> 00:09:28,839 Speaker 1: ES Daniel Abraham, Professor of Middle East Policy Studies at 160 00:09:28,840 --> 00:09:33,199 Speaker 1: Princeton University. Much more domestic and geo political policy analysis 161 00:09:33,280 --> 00:09:36,160 Speaker 1: and reporting ahead. I'm Kevin SERELLI we check in with 162 00:09:36,200 --> 00:09:39,040 Speaker 1: the White House. Coming up next, the Special Assistant to 163 00:09:39,080 --> 00:09:41,360 Speaker 1: the President. You don't want to miss this. I'm Kevin Surreli. 164 00:09:41,360 --> 00:09:46,920 Speaker 1: You're listening to Bloomberg. This is Bloomberg Sound On with 165 00:09:47,000 --> 00:09:51,440 Speaker 1: Kevin Surrel on Bloomberg and one oh five point seven 166 00:09:51,520 --> 00:09:54,080 Speaker 1: f M h D two. My name is Kevin Sereli. 167 00:09:54,160 --> 00:09:57,199 Speaker 1: I'm the chief Washington correspondent for Bloomberg Television and for 168 00:09:57,280 --> 00:10:00,880 Speaker 1: Bloomberg Radio. Coming up, we have the full late analysis 169 00:10:01,000 --> 00:10:06,520 Speaker 1: and reaction to the impasse on Capitol Hill between Democrats 170 00:10:06,559 --> 00:10:09,360 Speaker 1: and the White House and Leader McConnell with regards to 171 00:10:09,400 --> 00:10:12,040 Speaker 1: economic stimulus. All of that, plus I'll take you live 172 00:10:12,080 --> 00:10:14,680 Speaker 1: to the White House in the next hour when President 173 00:10:14,679 --> 00:10:18,200 Speaker 1: Trump steps behind the podium for his daily briefing. I'll 174 00:10:18,200 --> 00:10:20,800 Speaker 1: bring you that as it happens. But I'm still focused 175 00:10:20,840 --> 00:10:24,800 Speaker 1: on geo politics. A major breakthrough in geopolitics in the 176 00:10:24,840 --> 00:10:28,120 Speaker 1: Middle East, as Israel and the U a E Have 177 00:10:28,240 --> 00:10:33,000 Speaker 1: agreed to establish ties and Israel has agreed to suspend 178 00:10:33,080 --> 00:10:37,000 Speaker 1: efforts to declare sovereignty over parts of the West Bank. 179 00:10:37,120 --> 00:10:40,600 Speaker 1: Reading now from the Bloomberg terminal, my colleagues report Israel 180 00:10:40,679 --> 00:10:43,559 Speaker 1: and the United Air Israel and the U a e 181 00:10:43,640 --> 00:10:48,280 Speaker 1: reached an agreement to begin normalizing relations, potentially historic breakthrough, 182 00:10:48,679 --> 00:10:52,000 Speaker 1: hailed by American and Israeli leaders as a crucial step 183 00:10:52,080 --> 00:10:57,240 Speaker 1: toward peace, yet assailed by Palestinian officials as a betrayal. 184 00:10:57,640 --> 00:11:01,079 Speaker 1: We welcome now to the program, av Berkowitz. He is 185 00:11:01,120 --> 00:11:04,559 Speaker 1: a White House Assistant to the President and Special representative 186 00:11:04,600 --> 00:11:10,880 Speaker 1: for international negotiations. Obvious, thank you for making time. What when? First? 187 00:11:10,960 --> 00:11:14,880 Speaker 1: How did this deal come about? So, Kevin, thank you 188 00:11:14,920 --> 00:11:16,960 Speaker 1: so much for having me on. And if I could 189 00:11:17,000 --> 00:11:20,079 Speaker 1: just take a quick moment just to recognize President Trump, 190 00:11:20,440 --> 00:11:23,920 Speaker 1: without whom this historic agreement could not have been reached. 191 00:11:24,200 --> 00:11:28,840 Speaker 1: In addition, Prime Minister Natanio and Crown Prince Mohammed Inzaiet 192 00:11:28,880 --> 00:11:31,240 Speaker 1: of the United Arab Emirates, the three leaders, you know, 193 00:11:31,559 --> 00:11:36,959 Speaker 1: tremendous courage coming together to make this agreement. Uh. This 194 00:11:37,000 --> 00:11:39,679 Speaker 1: has been in the works for some time. Led by 195 00:11:39,760 --> 00:11:43,400 Speaker 1: Jared Kushner. The team has been in consultations, by the way, 196 00:11:43,440 --> 00:11:47,120 Speaker 1: with numerous Arab and Muslim countries. But about it. Over 197 00:11:47,160 --> 00:11:49,920 Speaker 1: a year ago we felt we had a bit of 198 00:11:49,920 --> 00:11:54,400 Speaker 1: a breakthrough with the United Arab Emirates, so we continued 199 00:11:54,480 --> 00:11:59,200 Speaker 1: to have consultations, discussions, and obviously, UH, in January of 200 00:11:59,240 --> 00:12:01,760 Speaker 1: this year, we put out the Vision for Peace, which 201 00:12:01,800 --> 00:12:05,800 Speaker 1: is the administration's peace plan UM too for the conflict 202 00:12:05,840 --> 00:12:09,959 Speaker 1: between the Israelis and Palestinians, but ultimately with the Corona 203 00:12:10,520 --> 00:12:13,120 Speaker 1: and all of the you know, difficult things that sort 204 00:12:13,120 --> 00:12:17,960 Speaker 1: of arise as you're trying to help UH run things. UH. 205 00:12:18,000 --> 00:12:20,720 Speaker 1: You know, this sort of fell a little bit behind 206 00:12:21,080 --> 00:12:24,080 Speaker 1: UM and over the last few weeks, probably about six 207 00:12:24,120 --> 00:12:27,480 Speaker 1: seven weeks, it really emerged. One of the sort of 208 00:12:27,520 --> 00:12:31,720 Speaker 1: important components was sort of the application of Israeli law. 209 00:12:32,440 --> 00:12:35,640 Speaker 1: The July one deadline that Prime Minister Natanio had set 210 00:12:35,800 --> 00:12:38,360 Speaker 1: created a bit of a sort of push in the 211 00:12:38,400 --> 00:12:40,960 Speaker 1: region for people to decide if there was something sort 212 00:12:40,960 --> 00:12:44,480 Speaker 1: of else that perhaps was was was perhaps better to 213 00:12:44,480 --> 00:12:47,760 Speaker 1: be focused on at the at this moment. UH. And 214 00:12:47,800 --> 00:12:50,760 Speaker 1: so when the United Arab Emirates sort of reached out 215 00:12:50,800 --> 00:12:54,199 Speaker 1: to us, we were very excited to follow up with them. 216 00:12:54,240 --> 00:12:57,840 Speaker 1: And today is sort of you know, it's coming to fruition. 217 00:12:58,559 --> 00:13:02,160 Speaker 1: And meanwhile the Palace Sestinians have reacted by going into 218 00:13:02,280 --> 00:13:05,959 Speaker 1: an emergency session. What does this mean? Does this further 219 00:13:06,120 --> 00:13:12,400 Speaker 1: isolate the Palestinians and what reaction are you anticipating from them? So, 220 00:13:13,240 --> 00:13:18,480 Speaker 1: you know, the Palestinians, I personally speak to Palestinian business people, 221 00:13:18,600 --> 00:13:21,160 Speaker 1: and you know, I obviously won't name any because it 222 00:13:21,280 --> 00:13:25,800 Speaker 1: creates complications for them. But the people that I'm speaking 223 00:13:25,800 --> 00:13:30,240 Speaker 1: to understand that this is actually a really positive, historic 224 00:13:30,320 --> 00:13:33,440 Speaker 1: step forward. When we put out the Vision for Peace 225 00:13:33,480 --> 00:13:36,720 Speaker 1: as we call it on January twenty of this year, UH, 226 00:13:36,800 --> 00:13:39,720 Speaker 1: it's sort of lay to framework and it's perhaps something 227 00:13:39,840 --> 00:13:42,520 Speaker 1: that some people like and don't like, but it's a 228 00:13:42,559 --> 00:13:46,520 Speaker 1: framework beginning for discussion. It's something that could be changed 229 00:13:46,559 --> 00:13:49,520 Speaker 1: if the Palestinians would come to the table and negotiate. 230 00:13:49,600 --> 00:13:52,520 Speaker 1: And I think a lot of Arab countries, specifically in 231 00:13:52,559 --> 00:13:56,280 Speaker 1: the Gulf UH sort of saw this as an opportunity 232 00:13:57,120 --> 00:14:00,120 Speaker 1: because here's a plan, it's ready when the Palestinians are 233 00:14:00,120 --> 00:14:02,840 Speaker 1: ready to come to the table, there's what to negotiate over. 234 00:14:02,920 --> 00:14:05,760 Speaker 1: It's a two state solution. It calls for a specific 235 00:14:05,880 --> 00:14:10,640 Speaker 1: map with borders, and you know, leaders in the region, 236 00:14:10,920 --> 00:14:13,920 Speaker 1: I believe no longer want to allow that conflict to 237 00:14:13,960 --> 00:14:17,880 Speaker 1: hold a veto over their progress and their stability, and 238 00:14:17,960 --> 00:14:22,000 Speaker 1: their economic initiatives and their prosperity and So what we've 239 00:14:22,000 --> 00:14:27,160 Speaker 1: found is that the Palestinians, unfortunately have not engaged, but 240 00:14:27,560 --> 00:14:30,400 Speaker 1: the opportunity is there for them, but their ability to 241 00:14:30,400 --> 00:14:33,920 Speaker 1: stop progresses also being stymied. And so we're pretty excited 242 00:14:33,920 --> 00:14:36,760 Speaker 1: about that. And it's my sincere hope that they call me. 243 00:14:36,840 --> 00:14:40,479 Speaker 1: I reach out to them all the time, not embarrassed 244 00:14:40,480 --> 00:14:42,520 Speaker 1: to admit I call them. They don't call me back, 245 00:14:42,640 --> 00:14:47,080 Speaker 1: and you know, that's their opportunity us. It's it's it's 246 00:14:47,480 --> 00:14:50,440 Speaker 1: you know, it's unfortunate, but I hope that perhaps their 247 00:14:50,520 --> 00:14:52,960 Speaker 1: their opinion will change. Al Berkowitz is on the line. 248 00:14:53,000 --> 00:14:55,760 Speaker 1: He is the Assistant to the President and Special Representative 249 00:14:55,800 --> 00:15:00,360 Speaker 1: for international negotiations. We're talking about the Israel u A deal, 250 00:15:00,440 --> 00:15:03,560 Speaker 1: the u A e becoming the third Arab country to 251 00:15:03,720 --> 00:15:07,840 Speaker 1: open relations with Israel, the other two being Egypt and 252 00:15:08,080 --> 00:15:11,120 Speaker 1: Jordan's all right, So when I when I spoke with Jerry, 253 00:15:11,120 --> 00:15:14,200 Speaker 1: when I was speaking with UM officials earlier this year, 254 00:15:14,320 --> 00:15:16,840 Speaker 1: following the announcement and the rollout of the Middle East 255 00:15:16,880 --> 00:15:20,840 Speaker 1: Piece Plan, one of the the you can't talk about 256 00:15:20,880 --> 00:15:23,480 Speaker 1: this and not talk about Iran. And I asked you 257 00:15:23,520 --> 00:15:27,840 Speaker 1: about the Palestinians. But what role did the distrust of 258 00:15:28,000 --> 00:15:31,800 Speaker 1: the in Iran, in Tehran in particular, and the oppressive 259 00:15:31,800 --> 00:15:35,520 Speaker 1: regime in Iran. What role did that play in helping 260 00:15:35,520 --> 00:15:41,040 Speaker 1: to broker the Israelis and U a E. In this normalization. Yeah, 261 00:15:41,120 --> 00:15:43,360 Speaker 1: I mean, I think you make a great point um 262 00:15:43,840 --> 00:15:46,640 Speaker 1: the region, you know, it sort of has a bit 263 00:15:46,640 --> 00:15:50,000 Speaker 1: of a choice to go towards Iran sort of way 264 00:15:50,000 --> 00:15:53,800 Speaker 1: of thinking with proxies and militias causing you know, terrible 265 00:15:53,840 --> 00:15:57,400 Speaker 1: acts throughout the region, or to take a right you know, 266 00:15:57,920 --> 00:16:01,400 Speaker 1: and uh follow a path of p security and stability. 267 00:16:01,440 --> 00:16:04,680 Speaker 1: And you know, the President has been extraordinarily clear that 268 00:16:04,720 --> 00:16:07,160 Speaker 1: he has nothing against the Iranian people. He knows that 269 00:16:07,200 --> 00:16:11,760 Speaker 1: they are smart, accomplished, really impressive people who have unfortunately 270 00:16:11,760 --> 00:16:14,480 Speaker 1: been held hostage by their situation. And it's our hope 271 00:16:15,440 --> 00:16:18,680 Speaker 1: that everybody in the region will see today's announcement, see 272 00:16:18,760 --> 00:16:22,680 Speaker 1: that opportunity. It's exciting, right, I mean, it's peace. It's 273 00:16:22,720 --> 00:16:25,200 Speaker 1: such an exciting thing. I mean, who doesn't want to 274 00:16:25,200 --> 00:16:27,680 Speaker 1: take the first flight from Habu Dhabi to Tel Avis. 275 00:16:27,920 --> 00:16:30,040 Speaker 1: I would love to be on that flight. Maybe you 276 00:16:30,120 --> 00:16:37,040 Speaker 1: can join me. I'm just super excited. You know. It's funny, 277 00:16:37,080 --> 00:16:38,760 Speaker 1: but in the age of Corona. You sort of have 278 00:16:38,840 --> 00:16:41,280 Speaker 1: to even rethink peace agreements a little bit in the 279 00:16:41,320 --> 00:16:45,120 Speaker 1: ways that might not initially have thought through. UM. But 280 00:16:45,360 --> 00:16:47,800 Speaker 1: you know, eventually when people are allowed to go to 281 00:16:47,840 --> 00:16:50,800 Speaker 1: places again, UH, it's going to be a very exciting, 282 00:16:51,080 --> 00:16:53,720 Speaker 1: you know thing, and and tourism is going to pick up. 283 00:16:53,880 --> 00:16:56,520 Speaker 1: It's you know, it's it's really going to change the 284 00:16:56,560 --> 00:16:58,840 Speaker 1: region in ways that we may not even be able 285 00:16:58,880 --> 00:17:01,200 Speaker 1: to sort of realize that the time. And that's why 286 00:17:01,200 --> 00:17:03,800 Speaker 1: there's really smart, innovative people throughout the region that are 287 00:17:03,960 --> 00:17:05,560 Speaker 1: that are going to figure that out. You know. I 288 00:17:05,600 --> 00:17:09,400 Speaker 1: remember on the first international trip when President Trump took 289 00:17:09,440 --> 00:17:13,159 Speaker 1: that flight from Saudi Arabia to UH to Israel and 290 00:17:13,320 --> 00:17:15,560 Speaker 1: and just the significance and and and one thing that 291 00:17:15,560 --> 00:17:17,920 Speaker 1: people of all different faiths and all different beliefs can 292 00:17:17,960 --> 00:17:22,159 Speaker 1: recognize is the importance of how important that land is 293 00:17:22,200 --> 00:17:25,960 Speaker 1: and that region is the people of all different UH faiths. 294 00:17:26,000 --> 00:17:29,879 Speaker 1: I gotta ask you in terms of reaction, are you 295 00:17:29,920 --> 00:17:32,280 Speaker 1: concerned at all or what is being done to address 296 00:17:32,320 --> 00:17:34,760 Speaker 1: the concerns that this might embolden Garre I say it 297 00:17:34,800 --> 00:17:39,280 Speaker 1: has blah and and what how does that factor into this? 298 00:17:40,280 --> 00:17:43,680 Speaker 1: So you know, Lebanon is in a sort of really precarious, 299 00:17:43,800 --> 00:17:47,480 Speaker 1: complicated place at this time, obviously after what took place 300 00:17:47,520 --> 00:17:51,640 Speaker 1: the other day in Beirut. So, you know, I think 301 00:17:51,680 --> 00:17:54,080 Speaker 1: it sort of comes down to when a good thing 302 00:17:54,160 --> 00:17:56,879 Speaker 1: is going to happen, do you sort of allow the 303 00:17:56,920 --> 00:17:59,639 Speaker 1: spoilers of the world, the people who have bad intentions 304 00:17:59,680 --> 00:18:02,639 Speaker 1: to I to sort of scare you into submission, or 305 00:18:02,680 --> 00:18:05,159 Speaker 1: do you pursue what you think is just. And what 306 00:18:05,280 --> 00:18:07,600 Speaker 1: I love about President Trump and what's so you know 307 00:18:07,680 --> 00:18:10,159 Speaker 1: and so appreciative of him, is that he sort of 308 00:18:10,200 --> 00:18:12,960 Speaker 1: gives you the bandwidth to pursue what he believes and 309 00:18:13,040 --> 00:18:15,760 Speaker 1: knows to be right. And as a result, I think 310 00:18:15,840 --> 00:18:19,840 Speaker 1: his administration has accomplished historic successes in the Middle East, 311 00:18:19,880 --> 00:18:22,800 Speaker 1: and today is just one more example of that. And 312 00:18:23,280 --> 00:18:26,480 Speaker 1: we're just we're all really very excited. And so as 313 00:18:26,480 --> 00:18:29,760 Speaker 1: a result of this, what does this do a Berkowitz 314 00:18:29,800 --> 00:18:31,840 Speaker 1: for the next phase of the Vision for peace? Is 315 00:18:31,880 --> 00:18:34,560 Speaker 1: there room for a multilateral deal between these in the 316 00:18:34,640 --> 00:18:38,880 Speaker 1: Arab States? Are go ahead? I apologize for interrupting. Yeah, 317 00:18:38,920 --> 00:18:42,000 Speaker 1: the it's it's a great point. Um. Jared Kushner, who 318 00:18:42,040 --> 00:18:45,920 Speaker 1: has led these negotiations, alluded to this. Today we are 319 00:18:46,520 --> 00:18:51,200 Speaker 1: having high level conversations with numerous other Arab and Muslim countries, 320 00:18:51,800 --> 00:18:54,520 Speaker 1: and we we truly believe that this is an ice breaker, 321 00:18:54,600 --> 00:18:57,560 Speaker 1: that this is something that could have a domino effect 322 00:18:57,560 --> 00:18:59,840 Speaker 1: for other countries in the region, that could lead them 323 00:18:59,840 --> 00:19:05,200 Speaker 1: towards you know, perhaps full normalization or direct flights or 324 00:19:05,280 --> 00:19:07,679 Speaker 1: or other historic steps. And and and we've been in 325 00:19:07,720 --> 00:19:11,000 Speaker 1: contract with them as as recently as today about about 326 00:19:11,040 --> 00:19:13,520 Speaker 1: these things. And you know, when you're working an agreement, 327 00:19:13,920 --> 00:19:16,280 Speaker 1: it's hard to sort of focus too much on on 328 00:19:16,320 --> 00:19:19,200 Speaker 1: other agreements. Uh, you know, it's it's a little difficult, 329 00:19:19,240 --> 00:19:22,520 Speaker 1: but you still have to. And you know, we're hopeful 330 00:19:22,560 --> 00:19:25,640 Speaker 1: that that in the coming weeks and months that we'll 331 00:19:25,640 --> 00:19:29,040 Speaker 1: be able to pursue other diplomatic accomplishments as it relates 332 00:19:29,040 --> 00:19:33,280 Speaker 1: to normalization, but also while keeping our our vision on 333 00:19:32,960 --> 00:19:35,560 Speaker 1: on the you know, the deal, the vision for peace 334 00:19:35,560 --> 00:19:38,800 Speaker 1: between the Israelis and the Palestinians, because you know, that's 335 00:19:38,840 --> 00:19:40,919 Speaker 1: a big problem, right, the sort of that does not 336 00:19:41,040 --> 00:19:44,439 Speaker 1: go away. And and and the Palestinian people deserve to 337 00:19:44,480 --> 00:19:48,479 Speaker 1: have better lives. And I've sort of tried, you know, 338 00:19:48,880 --> 00:19:50,800 Speaker 1: any way I could to sort of reach out to 339 00:19:50,840 --> 00:19:53,840 Speaker 1: their leadership and just really sort of expressed that I 340 00:19:53,880 --> 00:19:56,800 Speaker 1: think I think there's opportunity for us if we were talking, 341 00:19:56,840 --> 00:19:59,600 Speaker 1: to come to the table and find some sort of agreements. 342 00:19:59,640 --> 00:20:02,199 Speaker 1: And I'm hopeful that that that that they'll you know, 343 00:20:02,320 --> 00:20:05,000 Speaker 1: agree to do so, and time will tell and and 344 00:20:05,560 --> 00:20:08,480 Speaker 1: you know, thanks, you know, thankfully President Trump was able 345 00:20:08,480 --> 00:20:10,960 Speaker 1: to accomplish what he did today and hopefully more will 346 00:20:10,960 --> 00:20:13,920 Speaker 1: be happening soon. Just a couple more questions for Av Berkowitz, 347 00:20:13,960 --> 00:20:15,879 Speaker 1: who is joining us from the White House. Is there 348 00:20:15,920 --> 00:20:18,159 Speaker 1: going to be a signing? Is do you think that 349 00:20:18,240 --> 00:20:21,560 Speaker 1: we're gonna get a signing at the White House between 350 00:20:21,640 --> 00:20:26,600 Speaker 1: Prime Minister net and Yahoo and uh some A officials. Yes, 351 00:20:26,880 --> 00:20:29,000 Speaker 1: I do believe so we w you want to tell 352 00:20:29,000 --> 00:20:33,280 Speaker 1: me when? Uh yeah, I would like to know that too. 353 00:20:33,640 --> 00:20:38,520 Speaker 1: We're we're in discussions. You know, these things are are complicated. Also, 354 00:20:38,600 --> 00:20:41,639 Speaker 1: Corona is a complicating component. But tell me about it 355 00:20:41,800 --> 00:20:44,359 Speaker 1: as a case that you know, so every country has 356 00:20:44,400 --> 00:20:46,880 Speaker 1: to deal with their own sort of you know, internal 357 00:20:46,920 --> 00:20:50,359 Speaker 1: complications that arise. But we are and we are discussing 358 00:20:50,400 --> 00:20:52,960 Speaker 1: it and and we're hopeful that in the coming coming 359 00:20:53,000 --> 00:20:56,200 Speaker 1: weeks will have something very exciting at the White House 360 00:20:56,359 --> 00:20:59,199 Speaker 1: and just a final question to you, just to go 361 00:20:59,280 --> 00:21:01,080 Speaker 1: back to this issue of the Middle East Peace Plan. 362 00:21:01,520 --> 00:21:05,800 Speaker 1: Do do you think that this development will further put 363 00:21:05,840 --> 00:21:08,680 Speaker 1: pressure on the Palestinians? And I know you don't want 364 00:21:08,680 --> 00:21:10,479 Speaker 1: to go into the specifics if you're talking to you, 365 00:21:10,480 --> 00:21:12,199 Speaker 1: but do you think this will further put pressure on 366 00:21:12,280 --> 00:21:15,800 Speaker 1: them to suggest? You know what this is another now 367 00:21:16,320 --> 00:21:19,760 Speaker 1: Arab state that is that is looking at this new 368 00:21:19,800 --> 00:21:22,760 Speaker 1: shift in the region, looking at the economic ties, looking 369 00:21:22,800 --> 00:21:26,680 Speaker 1: at the tourism opportunity, the long term investments, looking at 370 00:21:26,720 --> 00:21:29,640 Speaker 1: the way that the geopolitics in the region is shifting, 371 00:21:29,920 --> 00:21:33,760 Speaker 1: both from a generational perspective, from a cultural perspective, and 372 00:21:33,920 --> 00:21:38,320 Speaker 1: from a policy economic perspective. Does this put more pressure 373 00:21:38,880 --> 00:21:42,560 Speaker 1: on that on the Palestinians to to go more in 374 00:21:42,640 --> 00:21:46,840 Speaker 1: line with the vision for peace? Yeah, I mean it's 375 00:21:46,840 --> 00:21:49,160 Speaker 1: a great point. It's a great question, and I think 376 00:21:49,160 --> 00:21:53,080 Speaker 1: the answer is probably. Uh. It's sometimes hard to predict 377 00:21:53,200 --> 00:21:56,800 Speaker 1: how people will sort of react to things, but what 378 00:21:56,920 --> 00:21:59,840 Speaker 1: I think is certain is that the Palestinian people are 379 00:22:00,040 --> 00:22:03,040 Speaker 1: very smart, educated people. They're going to see this news, 380 00:22:03,119 --> 00:22:06,119 Speaker 1: They're gonna wander, you know, when is our jail coming? 381 00:22:06,200 --> 00:22:09,040 Speaker 1: You know, this is something that is you know, years 382 00:22:09,200 --> 00:22:12,080 Speaker 1: decades in the making, and now the Marati people have 383 00:22:12,280 --> 00:22:14,760 Speaker 1: something to be excited about, as do the Israelis. And 384 00:22:15,200 --> 00:22:18,280 Speaker 1: I would imagine that Palestinian people themselves are sort of 385 00:22:18,280 --> 00:22:21,280 Speaker 1: curious of, well, you know, what is our leadership doing 386 00:22:21,320 --> 00:22:25,280 Speaker 1: to propel us towards a resolution? And so it's our 387 00:22:25,359 --> 00:22:27,200 Speaker 1: sin fear hope that they'll come to the table in 388 00:22:27,240 --> 00:22:30,159 Speaker 1: the near future, and whenever they're ready, I'll be here waiting. 389 00:22:30,280 --> 00:22:33,520 Speaker 1: So I'm excited. All right, We're gonna have to leave 390 00:22:33,520 --> 00:22:37,399 Speaker 1: it there. I want to thank Av Berkowitz for calling in. He, 391 00:22:37,480 --> 00:22:40,520 Speaker 1: of course, is uh the Assistant to the President and 392 00:22:40,560 --> 00:22:44,080 Speaker 1: Special Representative for International negotiations, calling in on a crucial 393 00:22:44,200 --> 00:22:47,600 Speaker 1: day for his team, UH and as it relates to 394 00:22:47,640 --> 00:22:51,120 Speaker 1: the Israel U a e agreement just to reset. Here, 395 00:22:51,160 --> 00:22:53,800 Speaker 1: I am Kevin Cerelli, the chief Washington correspondent for Bloomberg 396 00:22:53,800 --> 00:22:57,280 Speaker 1: Television and for Boomberg Radio. We are monitoring multiple fronts tonight, 397 00:22:57,359 --> 00:23:00,200 Speaker 1: both around the world and here abroad. This our where 398 00:23:00,200 --> 00:23:03,200 Speaker 1: we are anticipating President Trump to speak from the White 399 00:23:03,200 --> 00:23:06,560 Speaker 1: House during his daily beriefing. I will take you there 400 00:23:06,680 --> 00:23:10,760 Speaker 1: live as it happens. Meanwhile, more impass on Capitol Hill 401 00:23:11,119 --> 00:23:14,600 Speaker 1: in terms of the negotiations between Speaker Pelosi UH and 402 00:23:14,680 --> 00:23:17,200 Speaker 1: the White House. Senate Majority Leader Mitch McConnell has a 403 00:23:17,280 --> 00:23:21,640 Speaker 1: journed the Senate until September eight, so likely no short 404 00:23:21,720 --> 00:23:24,719 Speaker 1: term deal between now UH and September eight. However, he 405 00:23:24,760 --> 00:23:27,639 Speaker 1: could call to reconvene should he need to do it. 406 00:23:27,800 --> 00:23:29,639 Speaker 1: All of that, and I'll take you the latest on 407 00:23:29,680 --> 00:23:33,000 Speaker 1: the front as well. What a day, folks all around 408 00:23:33,000 --> 00:23:35,000 Speaker 1: the world. Right, we just heard from Avi Berkowitz. He 409 00:23:35,080 --> 00:23:37,520 Speaker 1: is a special assistant to the President as it relates 410 00:23:37,560 --> 00:23:41,360 Speaker 1: to international negotiations. Great to have his insights on such 411 00:23:41,400 --> 00:23:43,760 Speaker 1: an important day on the geo political front and a 412 00:23:43,880 --> 00:23:47,359 Speaker 1: day pertaining to US Israeli relations. Matt Brooks is on 413 00:23:47,359 --> 00:23:49,879 Speaker 1: the line. He's a Republican strategist and executive director of 414 00:23:49,920 --> 00:23:54,400 Speaker 1: the Republican Jewish Coalition, as is Joel Ruman, Democratic strategist 415 00:23:54,440 --> 00:23:57,879 Speaker 1: and former Deputy Assistant Secretary for Legislative Affairs at the 416 00:23:57,880 --> 00:24:02,959 Speaker 1: State's Department in the Bamba administration. All right, you're my panel, 417 00:24:03,000 --> 00:24:06,000 Speaker 1: but I've gotta pivot now to domestic politics. And I 418 00:24:06,040 --> 00:24:08,640 Speaker 1: know both of you are eager to talk about Israeli 419 00:24:08,640 --> 00:24:10,159 Speaker 1: and U A e. But I do have to just 420 00:24:10,200 --> 00:24:13,479 Speaker 1: get through the domestic news, and that, of course, is 421 00:24:13,520 --> 00:24:16,000 Speaker 1: that there's still an impass as it relates to the 422 00:24:16,040 --> 00:24:21,000 Speaker 1: budget negotiations Joel Ruben between the Democrats and the Republicans, 423 00:24:21,200 --> 00:24:25,760 Speaker 1: and we get this monument monumental, monumental, And I can't 424 00:24:25,760 --> 00:24:28,600 Speaker 1: believe I'm even using that word to describe this unemployment 425 00:24:28,600 --> 00:24:32,440 Speaker 1: report today in which about nine hundred and sixty thousand 426 00:24:32,520 --> 00:24:36,600 Speaker 1: Americans filed for unemployment last week. In any other world, 427 00:24:37,800 --> 00:24:42,440 Speaker 1: nine hundred and sixty thousand Americans filing for unemployment would 428 00:24:42,520 --> 00:24:45,640 Speaker 1: be a negative, and in fact, even during the two 429 00:24:45,640 --> 00:24:49,359 Speaker 1: thousand and eight financial collapse, it still didn't even reach 430 00:24:49,640 --> 00:24:53,840 Speaker 1: a level that high. But the market interpreted that number 431 00:24:54,520 --> 00:24:58,119 Speaker 1: nine hundred and sixty three thousand Americans filing for unemployment 432 00:24:58,200 --> 00:25:01,040 Speaker 1: last week as a positive. Here's why. It's the first 433 00:25:01,040 --> 00:25:05,159 Speaker 1: time since March. It's the first time since March that 434 00:25:05,320 --> 00:25:10,359 Speaker 1: the unemployment filings have been less than one million, and 435 00:25:10,400 --> 00:25:13,560 Speaker 1: as a result of that, the street is interpreting this 436 00:25:13,880 --> 00:25:16,640 Speaker 1: as a positive that maybe we might be we might 437 00:25:16,720 --> 00:25:20,679 Speaker 1: be over the worst of this economic calamity that we 438 00:25:20,720 --> 00:25:24,560 Speaker 1: find ourselves in. So the question then becomes Joel Rubin. Well, 439 00:25:24,600 --> 00:25:28,320 Speaker 1: this only emboldened Speaker Pelosi not to negotiate. Well, this 440 00:25:28,520 --> 00:25:33,040 Speaker 1: only emboldened President Trump not to negotiate because they feel 441 00:25:33,240 --> 00:25:34,919 Speaker 1: that we're over the worst of it, and as a 442 00:25:34,920 --> 00:25:38,320 Speaker 1: result of that, they say, all right, well, let's getting better. 443 00:25:38,400 --> 00:25:42,240 Speaker 1: So maybe this this economic pain, really maybe we're over 444 00:25:42,280 --> 00:25:46,040 Speaker 1: the worst of it. Your analysis droll. Well, thank you, Kevin, 445 00:25:46,080 --> 00:25:50,359 Speaker 1: And I'll give you another number, which is one dead yesterday, 446 00:25:50,480 --> 00:25:53,280 Speaker 1: the worst day of death in the United States on 447 00:25:53,400 --> 00:25:56,639 Speaker 1: COVID since I think it was in April, since the spring. 448 00:25:57,320 --> 00:25:59,639 Speaker 1: So if anyone wants to read into numbers, they have 449 00:25:59,680 --> 00:26:01,880 Speaker 1: to read to the fact this pandemic is getting worse, 450 00:26:01,960 --> 00:26:03,960 Speaker 1: not better, and that is not good for the economy. 451 00:26:04,040 --> 00:26:06,760 Speaker 1: And so I just don't understand how mixed McConnell can 452 00:26:06,960 --> 00:26:11,359 Speaker 1: say go home until September eight and skip town so 453 00:26:11,440 --> 00:26:14,760 Speaker 1: he can campaign on the record of failure and ensure 454 00:26:14,800 --> 00:26:18,000 Speaker 1: that Americans are going to go without unemployment insurance. And 455 00:26:18,560 --> 00:26:21,600 Speaker 1: today even President Trump talking about how he was going 456 00:26:22,040 --> 00:26:26,560 Speaker 1: to leverage these negotiations to save our economy in order 457 00:26:26,600 --> 00:26:29,720 Speaker 1: to suppress the vote and not allow the postal service 458 00:26:29,920 --> 00:26:33,320 Speaker 1: to deliver mail on time to legal mail in balloting. 459 00:26:33,640 --> 00:26:37,000 Speaker 1: It's just beyond the pale. And I think that that 460 00:26:37,080 --> 00:26:39,159 Speaker 1: it's clear to the American people that this is a 461 00:26:39,200 --> 00:26:41,840 Speaker 1: president who has no interest in talking about the virus, 462 00:26:42,160 --> 00:26:45,119 Speaker 1: wants to play political games with people's right to vote, 463 00:26:45,520 --> 00:26:48,600 Speaker 1: and has an aline Mick McConnell that's allowing it to 464 00:26:48,600 --> 00:26:51,399 Speaker 1: go forward. So to close, I mean, Nancy Pelosi passed 465 00:26:51,480 --> 00:26:55,000 Speaker 1: Villain may is waiting and waiting and waiting, and they 466 00:26:55,040 --> 00:26:57,960 Speaker 1: didn't negotiate until they basically decided they didn't want to. 467 00:26:58,000 --> 00:27:02,400 Speaker 1: And that's very unfortunate for the American people. That response, well, 468 00:27:02,440 --> 00:27:05,000 Speaker 1: first of all, it's it's good to actually be with 469 00:27:05,080 --> 00:27:08,639 Speaker 1: Joel one on one, as opposed to debating them via Twitter, 470 00:27:08,720 --> 00:27:12,879 Speaker 1: which uh, I should have said that, Man, I appreciate 471 00:27:12,960 --> 00:27:15,240 Speaker 1: this to thank you. I've been on a social media 472 00:27:15,320 --> 00:27:17,400 Speaker 1: break and wait a minute, and now I'm seeing that 473 00:27:17,480 --> 00:27:19,280 Speaker 1: now I'm gonna have to touching up to do go 474 00:27:19,320 --> 00:27:25,359 Speaker 1: ahead that I mean, I mean, the reality is obviously 475 00:27:25,400 --> 00:27:27,520 Speaker 1: Joel and I have a different take on this because 476 00:27:28,119 --> 00:27:32,120 Speaker 1: the failure for for for movement UH fall squarely on 477 00:27:32,119 --> 00:27:37,120 Speaker 1: on Speaker Pelosi and and UH and Chuck Schumer. Their 478 00:27:37,640 --> 00:27:41,040 Speaker 1: idea of negotiating is take it or leave it. Here's 479 00:27:41,080 --> 00:27:44,600 Speaker 1: our offer. We're not budging. There's no effort to meet 480 00:27:44,800 --> 00:27:49,160 Speaker 1: in common ground. UH. It's clear that this administration, Secretary Manuchin, 481 00:27:49,480 --> 00:27:53,360 Speaker 1: Chief of Staff Meadows have been working tirelessly along with 482 00:27:53,600 --> 00:27:57,520 Speaker 1: UH leader McConnell to to get some sort of deal 483 00:27:57,560 --> 00:27:59,880 Speaker 1: with the Democrats. And they've been in transudent in terms 484 00:27:59,880 --> 00:28:04,200 Speaker 1: of UH trying to actually negotiating good faith and trying 485 00:28:04,240 --> 00:28:06,320 Speaker 1: to make something happen, which is exactly the reason why 486 00:28:07,280 --> 00:28:09,359 Speaker 1: the President decided he was going to act on a 487 00:28:09,440 --> 00:28:13,119 Speaker 1: number of these issues with an executive order. He understands UH, 488 00:28:13,160 --> 00:28:16,240 Speaker 1: as Joel points out that people are suffering, people are hurting, 489 00:28:16,840 --> 00:28:20,440 Speaker 1: people need help, They need our government to function, UH, 490 00:28:20,480 --> 00:28:24,040 Speaker 1: and they need resources and these difficult and trying times. 491 00:28:24,320 --> 00:28:27,960 Speaker 1: And I think why this is why you're seeing the 492 00:28:28,000 --> 00:28:31,000 Speaker 1: President's poll numbers tighten right now while you're seeing the 493 00:28:31,040 --> 00:28:34,560 Speaker 1: House and Senate racist titan. I think people are disgusted 494 00:28:34,600 --> 00:28:38,480 Speaker 1: and frustrated with the Democratic leadership in Congress that refuses 495 00:28:38,520 --> 00:28:40,440 Speaker 1: to do anything just because they don't want to give 496 00:28:40,680 --> 00:28:43,280 Speaker 1: President Trump will win. Okay, so here's what I just said. 497 00:28:43,320 --> 00:28:45,600 Speaker 1: I gave each of you an opportunity to talk about 498 00:28:45,640 --> 00:28:48,440 Speaker 1: the democratic perspective and the republican perspective. But now I 499 00:28:48,480 --> 00:28:51,000 Speaker 1: want to throw out the partisan hat because I want 500 00:28:51,040 --> 00:28:53,720 Speaker 1: to talk from an analytical perspective, a question that I 501 00:28:53,760 --> 00:28:57,720 Speaker 1: continuously get old on that wasn't partisan. I'm analytic. Yeah, 502 00:28:59,240 --> 00:29:02,080 Speaker 1: I managed. I managed to take off both of my guests. 503 00:29:03,080 --> 00:29:05,160 Speaker 1: It's like suddenly I try to take I try to 504 00:29:05,200 --> 00:29:07,320 Speaker 1: take the high road of what happens. I just get pummeled. 505 00:29:07,440 --> 00:29:11,240 Speaker 1: It's the story of a millennial journalist in right, am 506 00:29:11,240 --> 00:29:16,400 Speaker 1: I right? I think I am? Okay? But no, but yeah, yeah, right, exactly. No, 507 00:29:16,480 --> 00:29:18,960 Speaker 1: I got nothing to complain about. I got nothing my gratitude. Okay. 508 00:29:19,040 --> 00:29:21,480 Speaker 1: So but let me ask you this because because neither 509 00:29:21,560 --> 00:29:24,320 Speaker 1: of you respectfully answered my question, and I truly want 510 00:29:24,360 --> 00:29:26,240 Speaker 1: to get an answer to this, because if you're at home, 511 00:29:26,560 --> 00:29:28,760 Speaker 1: driving on your way from home from work, this is 512 00:29:28,800 --> 00:29:30,120 Speaker 1: the this is the question that I have. And I 513 00:29:30,160 --> 00:29:32,600 Speaker 1: was talking about this earlier with Jonathan Faroll and Lisa 514 00:29:32,640 --> 00:29:35,400 Speaker 1: O Bramo wits on Bloomberg Surveillance this morning, and that 515 00:29:35,640 --> 00:29:41,040 Speaker 1: is the following if this happens. Right, So now, McConnell says, 516 00:29:41,080 --> 00:29:45,320 Speaker 1: go home. Pelosi says, all right, like we're dug in 517 00:29:45,360 --> 00:29:47,440 Speaker 1: on the on our version of the bill, and they're 518 00:29:47,440 --> 00:29:51,080 Speaker 1: two trillion dollars the size of Apple, two trillion dollars 519 00:29:51,080 --> 00:29:53,800 Speaker 1: a world apart does this. And I'm not saying that 520 00:29:53,880 --> 00:29:57,400 Speaker 1: nine and sixty three thousand Americans filing for unemployment is 521 00:29:57,440 --> 00:30:00,160 Speaker 1: a good number, but it's it's not a it's in 522 00:30:00,240 --> 00:30:02,920 Speaker 1: this day and age, it could have been a lot worse. Right, 523 00:30:03,080 --> 00:30:07,400 Speaker 1: So is that only going to embolden Republicans to say 524 00:30:07,400 --> 00:30:10,160 Speaker 1: in their camp and Democrats to stay in their camp 525 00:30:11,000 --> 00:30:13,720 Speaker 1: because if it was a terrible number, they would have 526 00:30:13,720 --> 00:30:15,600 Speaker 1: had to say, all right, everybody has to stay. We 527 00:30:15,640 --> 00:30:17,360 Speaker 1: all got to get in here. We've got to figure 528 00:30:17,360 --> 00:30:19,760 Speaker 1: this out. Things are going terrible. But because it's a 529 00:30:19,800 --> 00:30:23,920 Speaker 1: mediocre at best number, they're digging in. Do you have 530 00:30:24,000 --> 00:30:26,920 Speaker 1: what I mean, Joel, Yeah, No, I totally do. And 531 00:30:26,920 --> 00:30:28,760 Speaker 1: I appreciate your framing it that way. You know, I 532 00:30:29,080 --> 00:30:31,280 Speaker 1: think that the danger here, if you look at a 533 00:30:31,320 --> 00:30:33,720 Speaker 1: Wall Street perspective is said, there's a sort of a 534 00:30:33,880 --> 00:30:37,600 Speaker 1: lag in terms of impact to on real people to 535 00:30:37,680 --> 00:30:41,640 Speaker 1: the markets, and the unemployment insurance checks basically just kind 536 00:30:41,640 --> 00:30:44,080 Speaker 1: of run out right now. So very soon people are 537 00:30:44,120 --> 00:30:45,680 Speaker 1: going to be running out of money. They're not gonna 538 00:30:45,680 --> 00:30:47,560 Speaker 1: be able to pay their bills. That's going to have 539 00:30:47,640 --> 00:30:50,360 Speaker 1: an impact. And the same thing goes for unemployment. That 540 00:30:50,440 --> 00:30:54,840 Speaker 1: will cycle through unless many people's pocket means less less employment. 541 00:30:55,000 --> 00:30:59,080 Speaker 1: So perhaps the markets are reacting a little bit because 542 00:30:59,600 --> 00:31:02,360 Speaker 1: of of a dip in the numbers that's based upon 543 00:31:02,520 --> 00:31:06,280 Speaker 1: previously appropriated funds. But those funds are gone as we're 544 00:31:06,320 --> 00:31:09,080 Speaker 1: talking about now, So there's not much room for optimism 545 00:31:09,120 --> 00:31:12,680 Speaker 1: going forward. My key question in this and and I 546 00:31:12,760 --> 00:31:14,840 Speaker 1: want to really hear what mask things as well? Where 547 00:31:14,880 --> 00:31:17,800 Speaker 1: is the pain gonna be most felt? And that very 548 00:31:17,880 --> 00:31:20,640 Speaker 1: much could impact the kinds of decisions that are made 549 00:31:20,960 --> 00:31:24,000 Speaker 1: by these leaders. Now make McConnell's up for reelection, he 550 00:31:24,080 --> 00:31:26,800 Speaker 1: has to know Kentucky is hurting. Are his people going 551 00:31:26,840 --> 00:31:29,080 Speaker 1: to say them come back to Washington? And the same 552 00:31:29,120 --> 00:31:32,840 Speaker 1: goes for the Speaker and Democrats in Purple district? Where 553 00:31:32,920 --> 00:31:35,760 Speaker 1: is the pain distributed? That's going to have a big impact. 554 00:31:35,760 --> 00:31:38,240 Speaker 1: And it is very concerning that we aren't having the 555 00:31:38,240 --> 00:31:41,000 Speaker 1: two sides come together. And I think that both sides 556 00:31:41,040 --> 00:31:44,040 Speaker 1: feel there's a little leverage here, but quite frankly, I 557 00:31:44,080 --> 00:31:46,600 Speaker 1: would not if I would Wall Street be very optimistic 558 00:31:46,640 --> 00:31:49,400 Speaker 1: about the next couple of weeks. Okay, let me ask you, Matt, 559 00:31:49,480 --> 00:31:52,760 Speaker 1: because the baked in expectation, Matt Brooks, is that the 560 00:31:53,040 --> 00:31:55,800 Speaker 1: that there will be one point five trillion dollars worth 561 00:31:55,800 --> 00:31:58,800 Speaker 1: of stimulus. But I look at this number from the 562 00:31:58,880 --> 00:32:01,880 Speaker 1: unemployment filings, and I see Leader McConnell say go home, 563 00:32:02,240 --> 00:32:05,560 Speaker 1: And I'm wondering, Okay, maybe that maybe that compromise. Is 564 00:32:05,560 --> 00:32:09,240 Speaker 1: it going to come until September? Well, I mean, I 565 00:32:09,240 --> 00:32:11,720 Speaker 1: think that's one of the reasons the President has acted 566 00:32:12,480 --> 00:32:15,120 Speaker 1: the way he has to try and and UH take 567 00:32:15,200 --> 00:32:18,880 Speaker 1: some affirmative action to help people in terms of UH 568 00:32:18,960 --> 00:32:23,320 Speaker 1: increased unemployment benefits and and UH protection against eviction and 569 00:32:23,320 --> 00:32:27,440 Speaker 1: and UH losing their their apartments in this crisis. Well, 570 00:32:27,520 --> 00:32:30,680 Speaker 1: we've we've we've seen this before. We've seen this play, 571 00:32:30,840 --> 00:32:33,040 Speaker 1: uh just in a different act before. There is no 572 00:32:33,120 --> 00:32:36,480 Speaker 1: difference between what's happening now, UH in terms of the 573 00:32:36,520 --> 00:32:39,680 Speaker 1: standoff and the game of chicken that's being played uh 574 00:32:39,680 --> 00:32:41,520 Speaker 1: in this situation. Then we saw when we had the 575 00:32:41,520 --> 00:32:45,360 Speaker 1: government shutdown. UH. And it's really a question keV of 576 00:32:45,760 --> 00:32:48,960 Speaker 1: you know who's gonna blink first? Right now? M A 577 00:32:49,080 --> 00:32:51,600 Speaker 1: lesson until you know there's no reason for for Leader 578 00:32:51,640 --> 00:32:53,760 Speaker 1: McConnell to keep the Senate in session if if Chuck 579 00:32:53,760 --> 00:32:57,440 Speaker 1: Schumer and Nancy Closy aren't willing to negotiate in good faith, 580 00:32:57,480 --> 00:33:00,600 Speaker 1: aren't willing to give up on their aspiration and goals 581 00:33:00,640 --> 00:33:04,960 Speaker 1: of trying to layer um this much needed legislation to 582 00:33:05,000 --> 00:33:08,400 Speaker 1: help people with a lot of the legislative liberal priorities 583 00:33:08,400 --> 00:33:11,960 Speaker 1: that they're trying to to get enacted through this. So UM, 584 00:33:12,760 --> 00:33:15,880 Speaker 1: I do think that that if and when both sides 585 00:33:16,000 --> 00:33:20,720 Speaker 1: feel that there is an opportunity to have a meaningful 586 00:33:20,800 --> 00:33:24,600 Speaker 1: negotiation and come to some sort of agreement, then then 587 00:33:24,640 --> 00:33:28,160 Speaker 1: there's no doubt that Leader McConnell will bring everybody back. 588 00:33:28,200 --> 00:33:30,320 Speaker 1: And I'm the same with Speaker policy in the House 589 00:33:31,160 --> 00:33:35,440 Speaker 1: and legislatively, I can't see this going beyond September, just 590 00:33:35,560 --> 00:33:38,040 Speaker 1: based on the calendar and the election cycle. So I 591 00:33:38,080 --> 00:33:40,680 Speaker 1: do think that there is a window of a few 592 00:33:40,680 --> 00:33:43,120 Speaker 1: weeks in September. But the question is how many people 593 00:33:43,160 --> 00:33:45,959 Speaker 1: are going to get hurt in that process. And I 594 00:33:45,960 --> 00:33:48,840 Speaker 1: do think the difference between now and previous shutdowns is 595 00:33:48,840 --> 00:33:51,680 Speaker 1: that we're in the midst of a pandemic and Americans 596 00:33:51,680 --> 00:33:54,520 Speaker 1: have lost jobs in the rate of millions. It's it's 597 00:33:54,600 --> 00:33:57,560 Speaker 1: not the same the same chicken game that that Mark 598 00:33:57,640 --> 00:34:01,200 Speaker 1: Meadows was able to lead in the how and shut 599 00:34:01,240 --> 00:34:03,720 Speaker 1: down the government with that he's now doing in from 600 00:34:03,720 --> 00:34:07,240 Speaker 1: the White House is a very different context. And that 601 00:34:07,400 --> 00:34:10,080 Speaker 1: is that is very troubling. I find someone who has 602 00:34:10,120 --> 00:34:12,960 Speaker 1: covered as a reporter up on Capitol Hill, who has 603 00:34:13,000 --> 00:34:16,440 Speaker 1: covered the government shutdown fights, who has covered the various 604 00:34:16,480 --> 00:34:20,480 Speaker 1: fiscal debates and fiscal cliffs and whatnot, I find it 605 00:34:21,080 --> 00:34:26,719 Speaker 1: really really astute to compare it to to say, as 606 00:34:26,760 --> 00:34:29,799 Speaker 1: Matt you just did, to to to use that comparison 607 00:34:29,840 --> 00:34:32,000 Speaker 1: in terms of how they're they're drawing from the same 608 00:34:32,040 --> 00:34:35,680 Speaker 1: playbook Leader McConnell and Speaker Pelosi and Mark Meadows and 609 00:34:35,760 --> 00:34:37,960 Speaker 1: Secretary of Minutia. But I mean, he's never really been here, 610 00:34:38,640 --> 00:34:41,719 Speaker 1: but those three in particular, they're they're they're treating this 611 00:34:42,160 --> 00:34:46,279 Speaker 1: as if it is exactly like the government shutdown fight 612 00:34:46,920 --> 00:34:50,000 Speaker 1: of yesteryear back in the Obama administration. And what I 613 00:34:50,040 --> 00:34:52,480 Speaker 1: just think both of you agree with me on is 614 00:34:52,520 --> 00:34:58,200 Speaker 1: this is not that this is so much more of 615 00:34:58,000 --> 00:35:00,839 Speaker 1: a of a of a die or situation. Because nine 616 00:35:00,880 --> 00:35:06,120 Speaker 1: hundred and sixty three thousand Americans filed for unemployment last week. 617 00:35:06,680 --> 00:35:09,960 Speaker 1: And this is this didn't even hit there back in 618 00:35:10,000 --> 00:35:13,319 Speaker 1: two thousand and eight during that economic collapse. So the 619 00:35:13,440 --> 00:35:17,960 Speaker 1: reality to see Leader McConnell and Speaker Pelosi, their legacies, 620 00:35:18,320 --> 00:35:20,880 Speaker 1: to see them not say get in the room and 621 00:35:21,000 --> 00:35:25,399 Speaker 1: figure this out, is quite perplexing. I don't care what 622 00:35:25,520 --> 00:35:31,600 Speaker 1: party you're in, Matt Brooks, Um, sorry you broke up 623 00:35:31,600 --> 00:35:34,880 Speaker 1: for one second. You just basically what I'm saying is 624 00:35:34,920 --> 00:35:36,800 Speaker 1: it's a mess. The whole thing is a mess. And 625 00:35:36,840 --> 00:35:39,919 Speaker 1: I don't understand why Leader McConnell and Speaker Pelosi are 626 00:35:40,000 --> 00:35:43,919 Speaker 1: are playing, are playing with their legacies right now, as 627 00:35:44,040 --> 00:35:47,360 Speaker 1: as as as Wall Streets interpreting nine hundred and sixty 628 00:35:47,360 --> 00:35:49,920 Speaker 1: three thousand Americans filing for unemployment in one week as 629 00:35:49,920 --> 00:35:54,239 Speaker 1: a positive. UM no, I agree. Look, this is in 630 00:35:54,239 --> 00:35:56,640 Speaker 1: a in a perfect world, we would have a government 631 00:35:56,640 --> 00:36:02,719 Speaker 1: that functions normally. We have for uh, virtually, you know, 632 00:36:02,719 --> 00:36:06,719 Speaker 1: at least a decade or probably more, a dysfunctional government. 633 00:36:06,920 --> 00:36:10,040 Speaker 1: And you know, UM, and Joel and I agree, it 634 00:36:10,160 --> 00:36:12,359 Speaker 1: is to you that the only people that get caught 635 00:36:12,360 --> 00:36:14,160 Speaker 1: in the crossfire are the people that need to help 636 00:36:14,200 --> 00:36:18,399 Speaker 1: the most. And and I do hope that UM, we're 637 00:36:18,440 --> 00:36:20,719 Speaker 1: able to to move beyond this. I do hope that 638 00:36:20,760 --> 00:36:23,359 Speaker 1: we're able to find some accommodation in some common ground. 639 00:36:23,360 --> 00:36:26,799 Speaker 1: It's some middle ground. I believe that the Republicans are 640 00:36:26,840 --> 00:36:29,399 Speaker 1: willing to make some concessions. I hope the Democrats will, 641 00:36:29,600 --> 00:36:31,319 Speaker 1: and that's when we're gonna get this done. But Joel's right, 642 00:36:31,360 --> 00:36:35,319 Speaker 1: we have a clock that is running, uh that, you know, 643 00:36:35,800 --> 00:36:40,239 Speaker 1: with elections coming and a shortened legislative calendar ahead, that's 644 00:36:40,239 --> 00:36:42,880 Speaker 1: going to necessitate some sort of action. And that's the 645 00:36:43,480 --> 00:36:46,479 Speaker 1: you know, that's gonna be the catalyst. And I hope 646 00:36:46,520 --> 00:36:52,080 Speaker 1: is it happened sooner rather than later. Alright, Just one 647 00:36:52,080 --> 00:36:55,040 Speaker 1: thing on this your your original point about the market, 648 00:36:55,120 --> 00:36:57,680 Speaker 1: you know, I hope it doesn't give false hope to 649 00:36:57,840 --> 00:37:02,640 Speaker 1: congressional leader and the prey eident that they're they're okay 650 00:37:02,640 --> 00:37:06,600 Speaker 1: that the market numbers let everyone get off easy, basically 651 00:37:06,640 --> 00:37:09,040 Speaker 1: because the markets are very disconnected from the people. As 652 00:37:09,120 --> 00:37:12,680 Speaker 1: that points out, they're getting hurt the most. The working 653 00:37:12,719 --> 00:37:15,319 Speaker 1: people of this country are not in the markets. They're 654 00:37:15,360 --> 00:37:18,799 Speaker 1: not catching out bonds, they're not they're not living there 655 00:37:18,840 --> 00:37:21,480 Speaker 1: their savings are. The working people of this country aren't 656 00:37:21,520 --> 00:37:25,400 Speaker 1: able to work right now. The working people of this country, 657 00:37:25,480 --> 00:37:28,879 Speaker 1: if they're Republican or Democrat, aren't able to work right now, 658 00:37:28,920 --> 00:37:30,640 Speaker 1: and they're trying to figure out if their kids are 659 00:37:30,680 --> 00:37:33,360 Speaker 1: going to school. And the problem is that people up 660 00:37:33,400 --> 00:37:36,520 Speaker 1: in Washington are being advised by staffers who are too 661 00:37:36,520 --> 00:37:39,279 Speaker 1: far removed from the working people of this country. We've 662 00:37:39,280 --> 00:37:41,000 Speaker 1: got to switch gears now, folks, and let's just do 663 00:37:41,000 --> 00:37:44,920 Speaker 1: a one point one point And that's the fact of 664 00:37:44,920 --> 00:37:46,879 Speaker 1: the matter is that they are sent home. The fact 665 00:37:46,920 --> 00:37:49,239 Speaker 1: that matters that the House members are home. The fact 666 00:37:49,280 --> 00:37:51,480 Speaker 1: of the matter centers means they're gonna hear from the 667 00:37:51,480 --> 00:37:54,160 Speaker 1: people locally. They're gonna hear from their constituents and the 668 00:37:54,200 --> 00:37:56,520 Speaker 1: people who are hurting. And I think that's going to 669 00:37:56,600 --> 00:37:59,520 Speaker 1: be an important UH to get this thing moving. And 670 00:37:59,560 --> 00:38:02,680 Speaker 1: I put the question earlier today on a balance of power. 671 00:38:02,719 --> 00:38:06,080 Speaker 1: I was filling in for the David Weston, who has 672 00:38:06,320 --> 00:38:09,680 Speaker 1: some well deserved days off, UH, and I was speaking 673 00:38:09,680 --> 00:38:11,480 Speaker 1: with Tyler Goodspeed, who of course is the chairman of 674 00:38:11,480 --> 00:38:15,520 Speaker 1: the White House Council of Economic Advisors. And you know, 675 00:38:15,560 --> 00:38:17,040 Speaker 1: I said to it, I mean, he made this point. 676 00:38:17,040 --> 00:38:20,720 Speaker 1: He said, you know, European countries, even when you stack 677 00:38:20,800 --> 00:38:24,160 Speaker 1: up the amount of stimulus that the United States has 678 00:38:24,200 --> 00:38:27,200 Speaker 1: spent with every European country. I mean, it pales in comparison. 679 00:38:27,440 --> 00:38:30,719 Speaker 1: The United States has spent more money, and and so 680 00:38:30,880 --> 00:38:34,680 Speaker 1: and and even the and I even the number that 681 00:38:34,400 --> 00:38:37,600 Speaker 1: the benchmark number that we're talking about is still one 682 00:38:38,000 --> 00:38:41,359 Speaker 1: to one point five trillion dollars. I mean again, I 683 00:38:41,440 --> 00:38:43,760 Speaker 1: just keep thinking back to growing up in two thousand 684 00:38:43,840 --> 00:38:46,680 Speaker 1: and eight when that economic collapse happened, and thinking that 685 00:38:46,719 --> 00:38:49,879 Speaker 1: this was the worst economic calamity that I would see 686 00:38:49,880 --> 00:38:53,839 Speaker 1: in my lifetime. Little did we know. But with these 687 00:38:53,920 --> 00:38:56,440 Speaker 1: numbers that we throw around, I mean they're they're massive, 688 00:38:56,520 --> 00:38:59,480 Speaker 1: massive numbers. US equity, speaking of the markets, US equities 689 00:38:59,520 --> 00:39:02,560 Speaker 1: pulled back from the cusp of record highs as investors 690 00:39:02,640 --> 00:39:06,319 Speaker 1: mould the stalemate and stimulus negotiations and signs of an 691 00:39:06,360 --> 00:39:10,240 Speaker 1: economic recovery. Treasury yield rose a fifth day and crude 692 00:39:10,280 --> 00:39:13,759 Speaker 1: oil declined. The SMP five point two percent a day 693 00:39:13,840 --> 00:39:17,360 Speaker 1: after surpassing the all time closing high reached before the 694 00:39:17,360 --> 00:39:22,200 Speaker 1: coronavirus pandemic. Energy, real estate, and industrial sectors lead the drop. 695 00:39:22,280 --> 00:39:26,360 Speaker 1: Apple meanwhile, kept the Nasdaq Composite Index in positive territory, 696 00:39:26,400 --> 00:39:29,640 Speaker 1: while Cisco weighed on the dal Jones Industrial Average. My 697 00:39:29,680 --> 00:39:32,040 Speaker 1: name is Kevin CURRELI on the Chief Washington correspondent from 698 00:39:32,080 --> 00:39:34,960 Speaker 1: Bloomberg Television and for Bloomberg Radio. We are awaiting tonight 699 00:39:35,200 --> 00:39:37,960 Speaker 1: fresh reaction from President Trump, who was set to begin 700 00:39:38,160 --> 00:39:41,000 Speaker 1: his press conference within the next half hour. I will 701 00:39:41,040 --> 00:39:43,000 Speaker 1: take you live to the White House on a day 702 00:39:43,000 --> 00:39:45,400 Speaker 1: in which he has made lots of news as it 703 00:39:45,440 --> 00:39:49,200 Speaker 1: relates to Israel and U a E. Signing an agreement. Uh, 704 00:39:49,239 --> 00:39:52,480 Speaker 1: and of course the impast still on Capitol Hill. My 705 00:39:52,560 --> 00:39:56,160 Speaker 1: panelists with me to navigate through all things politics, policy, 706 00:39:56,200 --> 00:39:59,360 Speaker 1: and a little bit of personality. Matt Brooks, Republican strategist 707 00:39:59,400 --> 00:40:03,280 Speaker 1: and executive director of the Republican Jewish Coalition, and Joel Ruben, 708 00:40:03,360 --> 00:40:07,200 Speaker 1: a Democratic strategist and former Deputy Assistant Secretary for Legislative 709 00:40:07,320 --> 00:40:11,399 Speaker 1: Legislative Affairs at the State Department. I mean, I guess 710 00:40:11,480 --> 00:40:13,440 Speaker 1: y'all are in a Twitter war, which I guess is 711 00:40:13,480 --> 00:40:16,240 Speaker 1: part for the course only in Washington. You'll you'll totally 712 00:40:16,480 --> 00:40:19,320 Speaker 1: jab each other on Twitter and then come on talk 713 00:40:19,440 --> 00:40:22,759 Speaker 1: radio show and I guess batch things up, all right, 714 00:40:22,840 --> 00:40:26,640 Speaker 1: We got talking, so we do so respectfully. I appreciate 715 00:40:26,680 --> 00:40:29,440 Speaker 1: even though Joel and I have difference of opinion. Uh, 716 00:40:29,760 --> 00:40:34,200 Speaker 1: you know we have that That could be the that 717 00:40:34,280 --> 00:40:36,680 Speaker 1: should be the name of h I feel like I'm 718 00:40:36,719 --> 00:40:40,560 Speaker 1: moderating a debate. That should be the name of respectful, 719 00:40:40,680 --> 00:40:47,680 Speaker 1: trolling respectful. You know, politics and politics and policy are intertwined, 720 00:40:47,719 --> 00:40:50,160 Speaker 1: but personality makes a big difference in all of this. 721 00:40:50,280 --> 00:40:53,560 Speaker 1: And and you know being able to have your personality 722 00:40:53,560 --> 00:40:55,319 Speaker 1: in the mix, Kevin, I mean, you're making it more 723 00:40:55,360 --> 00:40:59,200 Speaker 1: fun than anything. So you know I should I should 724 00:40:59,239 --> 00:41:00,640 Speaker 1: get I could give you a list of people who 725 00:41:00,719 --> 00:41:04,359 Speaker 1: would disagree with you. You never want to come back 726 00:41:04,400 --> 00:41:08,520 Speaker 1: on of Christine Moratto in the video chats like rolling 727 00:41:08,520 --> 00:41:10,560 Speaker 1: her eyes, like get out of this one. Don't keep 728 00:41:10,560 --> 00:41:14,080 Speaker 1: going our executive producer, Um, what do I want to mention? Okay, 729 00:41:14,160 --> 00:41:15,719 Speaker 1: let's talk about the post office, because this is the 730 00:41:15,719 --> 00:41:17,200 Speaker 1: big story. This is the buzz of the town, the 731 00:41:17,200 --> 00:41:19,640 Speaker 1: talk of the town. And I gotta plug this special 732 00:41:19,719 --> 00:41:21,799 Speaker 1: that we did on Voting from Home. You can see 733 00:41:21,840 --> 00:41:25,080 Speaker 1: it on all Bloomberg platforms. Got Hogan, we got Stacey 734 00:41:25,160 --> 00:41:29,840 Speaker 1: Abrahams and everything. Um, but okay, Matt Brooks. President Trump, 735 00:41:29,840 --> 00:41:32,400 Speaker 1: he says he's not going to fund the He's not 736 00:41:32,440 --> 00:41:35,040 Speaker 1: going to fund the US Postal Service because he thinks 737 00:41:35,080 --> 00:41:38,120 Speaker 1: it's just gonna give it's just gonna try to to 738 00:41:38,239 --> 00:41:41,680 Speaker 1: fund all of the all of the mail in ballots. 739 00:41:41,719 --> 00:41:44,800 Speaker 1: What gives, Well, it's not all of the mail in ballots. 740 00:41:44,800 --> 00:41:47,120 Speaker 1: I think we have to be very specific. What the President, 741 00:41:47,120 --> 00:41:51,440 Speaker 1: and I believe rightly so, is concerned about is the 742 00:41:51,600 --> 00:41:57,239 Speaker 1: universal absentee ballots, meaning that governors decide that they are 743 00:41:57,239 --> 00:41:59,879 Speaker 1: going to send an absentee ballot literally to every vote 744 00:42:00,080 --> 00:42:03,680 Speaker 1: the voter rolls, whether or not they make an affirmative request. 745 00:42:04,440 --> 00:42:07,320 Speaker 1: For one, I think that the President is totally comfortable 746 00:42:07,320 --> 00:42:10,319 Speaker 1: with vote by mail and absentee ballots as long as 747 00:42:10,400 --> 00:42:12,960 Speaker 1: there is an affirmative request on the part of the 748 00:42:13,080 --> 00:42:16,920 Speaker 1: voter UH to sign an affidavit and to request UH 749 00:42:17,000 --> 00:42:19,799 Speaker 1: and in short, ballot integrity an absentee ballot, and I 750 00:42:19,840 --> 00:42:22,120 Speaker 1: think that there is no question as we have seen 751 00:42:22,280 --> 00:42:25,319 Speaker 1: in multiple cases in New York, even in the last 752 00:42:25,360 --> 00:42:31,440 Speaker 1: couple of weeks, where wholesale mail ballots have have raised 753 00:42:31,440 --> 00:42:34,120 Speaker 1: all sorts of questions about the integrity of the election 754 00:42:34,200 --> 00:42:38,880 Speaker 1: and and UH Obviously the stakes are too high, especially 755 00:42:38,880 --> 00:42:42,920 Speaker 1: given what happened with the issues related to that this 756 00:42:42,960 --> 00:42:46,200 Speaker 1: election has to be held at the highest level of 757 00:42:46,239 --> 00:42:50,839 Speaker 1: integrity and scrutiny. And there is no question the universal 758 00:42:51,040 --> 00:42:54,319 Speaker 1: vote by mail is an absolute recipe for disaster, and 759 00:42:54,320 --> 00:42:56,759 Speaker 1: I think that's what the President is trying to, uh 760 00:42:56,760 --> 00:42:59,640 Speaker 1: to stop from happening. It's not about voter suppression. It's 761 00:42:59,640 --> 00:43:05,560 Speaker 1: not out trying to uh impact various ethnic groups or 762 00:43:05,560 --> 00:43:07,839 Speaker 1: minorities or anything else. The Democrats are trying to say. 763 00:43:07,960 --> 00:43:11,120 Speaker 1: This is about ballot integrity and ballot security, and it's 764 00:43:11,160 --> 00:43:14,040 Speaker 1: worked for for generations in the past, where you have 765 00:43:14,160 --> 00:43:16,880 Speaker 1: to raise your hand or sign an affidavit or swear 766 00:43:16,920 --> 00:43:20,040 Speaker 1: that you're who you are, uh and request the ballot 767 00:43:20,880 --> 00:43:23,600 Speaker 1: rather than just having to PLoP in your mail um 768 00:43:23,680 --> 00:43:26,719 Speaker 1: on an ounced. So I think that's where we're at, 769 00:43:26,719 --> 00:43:29,479 Speaker 1: and I think that's the the issue at hand. Okay, Joel, 770 00:43:29,480 --> 00:43:31,600 Speaker 1: Before I let your respond, I just want to kind 771 00:43:31,600 --> 00:43:33,839 Speaker 1: of provided. I want to provide an update. Right now, 772 00:43:33,920 --> 00:43:36,120 Speaker 1: we just got the two minute warning for President Trump 773 00:43:36,320 --> 00:43:40,200 Speaker 1: and his staffers have been filing into the White House 774 00:43:40,280 --> 00:43:42,879 Speaker 1: Brady briefing verim. So if I interrupt you, Joel, it's 775 00:43:42,920 --> 00:43:45,920 Speaker 1: because I have to toss to the president for that briefing. 776 00:43:46,239 --> 00:43:49,040 Speaker 1: But Joliver been. Go ahead, tell me about your totally 777 00:43:49,040 --> 00:43:53,640 Speaker 1: getting helped to the chief. You know, President Trump made 778 00:43:53,640 --> 00:43:56,200 Speaker 1: it clear today he doesn't want the Post Office to function. 779 00:43:56,440 --> 00:43:59,360 Speaker 1: He's not hiding his intent. If he wanted the Post 780 00:43:59,360 --> 00:44:01,279 Speaker 1: Office to pud and he would be pushing money in, 781 00:44:01,440 --> 00:44:04,360 Speaker 1: not taking money out, And and has been gas flighting 782 00:44:04,360 --> 00:44:07,600 Speaker 1: Americans into this false idea that mail in balloting is 783 00:44:07,640 --> 00:44:11,879 Speaker 1: somehow insecure. There's scant to no evidence of their being 784 00:44:12,000 --> 00:44:16,000 Speaker 1: fraud from mail in balloting. Five states even have full 785 00:44:16,120 --> 00:44:19,120 Speaker 1: universal mail in balloting, and this is going to impact 786 00:44:19,200 --> 00:44:22,080 Speaker 1: his voters quite directly, as well as as Joe Biden's 787 00:44:22,120 --> 00:44:25,400 Speaker 1: voters and Americans. We don't deserve this in our elections. 788 00:44:25,440 --> 00:44:28,600 Speaker 1: We deserve a president who's out there cheering on the vote, 789 00:44:29,000 --> 00:44:32,360 Speaker 1: enfranchising people. You know. I think a couple of curious 790 00:44:32,400 --> 00:44:35,800 Speaker 1: moments as well from my perspective, where where the President 791 00:44:35,880 --> 00:44:38,640 Speaker 1: is talking about mail and voting is being insecure while 792 00:44:38,719 --> 00:44:42,080 Speaker 1: he's mailing in his ballot, or saying that states are 793 00:44:42,120 --> 00:44:45,440 Speaker 1: going to abuse the system, while he's saying Florida should 794 00:44:45,480 --> 00:44:47,759 Speaker 1: do it. His messaging is all over the place, and 795 00:44:47,800 --> 00:44:50,319 Speaker 1: the only takeaway I have is that he's trying to 796 00:44:50,360 --> 00:44:53,160 Speaker 1: figure out how to reduce the number of votes by 797 00:44:53,239 --> 00:44:56,719 Speaker 1: mail because he believes Democrats will get more than he 798 00:44:56,840 --> 00:44:59,560 Speaker 1: will and Joe Biden will come out ahead. As we 799 00:44:59,600 --> 00:45:02,280 Speaker 1: get read, you remember you can watch all of our 800 00:45:02,440 --> 00:45:06,760 Speaker 1: continuing coverage of the Democratic National Convention and the Republican 801 00:45:06,840 --> 00:45:10,040 Speaker 1: National Convention next week on Bloomberg Television and of course 802 00:45:10,080 --> 00:45:13,680 Speaker 1: on Bloomberg Radio, all the speeches. I really am very 803 00:45:13,719 --> 00:45:17,920 Speaker 1: interested to see the juxtaposition of former Ohio Governor John Kasik, 804 00:45:18,040 --> 00:45:23,120 Speaker 1: a Republican, speaking right before Senator Bernie Sanders, fascinating the 805 00:45:23,160 --> 00:45:27,160 Speaker 1: political junkie and me is going to be very intrigued 806 00:45:27,920 --> 00:45:33,720 Speaker 1: to see how that plays. Gregory Corty is another political junkie. 807 00:45:33,719 --> 00:45:37,440 Speaker 1: He is a Bloomberg National political reporter. I love your story. 808 00:45:37,840 --> 00:45:41,719 Speaker 1: I love this story that you did. Trump campaign spending big, 809 00:45:42,480 --> 00:45:48,440 Speaker 1: big lee on late night ad Wars. Wow, they're spending 810 00:45:48,560 --> 00:45:51,800 Speaker 1: their trolling. I think we coined a new respectful trolling 811 00:45:51,880 --> 00:45:54,480 Speaker 1: is what we said earlier with our panel. But they're 812 00:45:54,560 --> 00:46:00,279 Speaker 1: spending big on late night Wars. What do we know? Well, 813 00:46:00,560 --> 00:46:04,720 Speaker 1: you know, this coronavirus has upended the campaign in in 814 00:46:04,800 --> 00:46:07,239 Speaker 1: so many ways, and it's even had this kind of 815 00:46:07,280 --> 00:46:11,000 Speaker 1: indirect impact on how they advertise on TV, because our 816 00:46:11,120 --> 00:46:14,040 Speaker 1: TV viewing patterns have changed that a lot of us 817 00:46:14,040 --> 00:46:16,960 Speaker 1: are at home during the day either where where if 818 00:46:16,960 --> 00:46:18,680 Speaker 1: we're lucky, we've got a job and we can work 819 00:46:18,680 --> 00:46:21,360 Speaker 1: from home. If we're not lucky, we're under unemployed or 820 00:46:21,440 --> 00:46:24,480 Speaker 1: unemployed and we're watching TV. But there's also not any 821 00:46:24,520 --> 00:46:27,800 Speaker 1: sports on UM and so you know, people are watching 822 00:46:27,920 --> 00:46:31,719 Speaker 1: different at different times, and so, uh, you know, it 823 00:46:31,880 --> 00:46:35,560 Speaker 1: used to be especially Republican candidates would love to advertise 824 00:46:35,600 --> 00:46:38,960 Speaker 1: on sports because you get a predominantly mailed viewership, you 825 00:46:39,000 --> 00:46:42,359 Speaker 1: have regional audiences, you can kind of pinpoint your uh, 826 00:46:42,800 --> 00:46:46,600 Speaker 1: your your target audience there. Without sports, or without a 827 00:46:46,600 --> 00:46:49,399 Speaker 1: whole lot of sports, Uh, it's gone to other things. 828 00:46:49,400 --> 00:46:52,440 Speaker 1: And it's gone to things like game shows and late 829 00:46:52,520 --> 00:46:54,960 Speaker 1: night television, which seems like an odd fit for the 830 00:46:54,960 --> 00:46:57,600 Speaker 1: Trump campaign because he gets he's a target a lot 831 00:46:57,640 --> 00:47:01,680 Speaker 1: of these monologues right on Jimmy Allen and Steth Myers, 832 00:47:01,719 --> 00:47:04,680 Speaker 1: and but yet he's advertising on those shows kind of 833 00:47:04,680 --> 00:47:07,920 Speaker 1: a counterbalance. Those viewers are up late night watching are 834 00:47:08,040 --> 00:47:10,680 Speaker 1: are getting a different message from his campaign ads something 835 00:47:10,680 --> 00:47:13,680 Speaker 1: they're seeing on the programs. I love this paragraph in 836 00:47:13,800 --> 00:47:17,040 Speaker 1: your story. Trump has run more ads on the CBS 837 00:47:17,680 --> 00:47:20,840 Speaker 1: daytime game show Let's Make a Deal than any other programs, 838 00:47:20,920 --> 00:47:25,440 Speaker 1: some sixteen thousand, five hundred and twenty seven just on 839 00:47:25,640 --> 00:47:28,920 Speaker 1: Let's Make a Deal alone. He's also advertised evening quiz 840 00:47:28,960 --> 00:47:32,520 Speaker 1: programs while Republicans are more likely to watch like Wheel 841 00:47:32,520 --> 00:47:35,640 Speaker 1: of Fortune and Jeopardy. Republicans watch Wheel of Fortune and 842 00:47:35,719 --> 00:47:39,840 Speaker 1: Jeopardy more than Democrats. I never why is that, you know, 843 00:47:39,920 --> 00:47:44,160 Speaker 1: I think the audiences may skew a little older. Um, 844 00:47:44,400 --> 00:47:48,160 Speaker 1: And Okay, I was a kid. Okay, I'm totally interrupting. 845 00:47:48,200 --> 00:47:50,839 Speaker 1: I'm ripping up the screen that I'm saying. Absolutely not. 846 00:47:51,239 --> 00:47:55,399 Speaker 1: My grandmother, Mimi, my late grandmother, Mimi, who was born 847 00:47:55,400 --> 00:47:59,640 Speaker 1: in Scranton, Pennsylvania before she moved to Deelco, I watched 848 00:47:59,680 --> 00:48:02,640 Speaker 1: Wheel Sports. I guess I'm proving your point. She's old. 849 00:48:02,760 --> 00:48:05,040 Speaker 1: But I was young, and I love the Wheel of Fortune, 850 00:48:05,160 --> 00:48:07,840 Speaker 1: and I'd like to buy a vow go ahead. I know, 851 00:48:07,920 --> 00:48:09,759 Speaker 1: I do feel like I don't know what it is, 852 00:48:09,800 --> 00:48:12,880 Speaker 1: if it's social media or whatever, the view and counters. 853 00:48:13,000 --> 00:48:14,879 Speaker 1: I do feel like there's a lot of millennials who 854 00:48:14,880 --> 00:48:18,880 Speaker 1: have gotten super into those shows. But it is a 855 00:48:18,960 --> 00:48:22,759 Speaker 1: cross generational, isn't it um? But you know, it's really 856 00:48:22,760 --> 00:48:24,520 Speaker 1: interesting to look at the demographic because of these shows, 857 00:48:24,560 --> 00:48:27,080 Speaker 1: because they also allow Trump. I we did a story 858 00:48:27,120 --> 00:48:29,160 Speaker 1: about this a couple of weeks ago to sort of 859 00:48:29,880 --> 00:48:32,920 Speaker 1: segment his messaging. So if you watch a lot of 860 00:48:33,000 --> 00:48:38,279 Speaker 1: Jerry Springer or uh, you know, uh, Steve Harvey or 861 00:48:38,320 --> 00:48:40,680 Speaker 1: that kind of stuff that you know, the shows what 862 00:48:40,880 --> 00:48:44,200 Speaker 1: good African American audiences, he's telling them that Jill Biden 863 00:48:44,280 --> 00:48:47,000 Speaker 1: wants to is the architect of mass incarceration and the 864 00:48:47,040 --> 00:48:51,080 Speaker 1: crime Bill and wants to throw of the African American 865 00:48:51,200 --> 00:48:54,520 Speaker 1: men predominantly in jail. And then to white audiences on 866 00:48:54,680 --> 00:48:57,200 Speaker 1: on shows that you like Rachel Ray maybe or the 867 00:48:57,239 --> 00:49:00,000 Speaker 1: third Hour of the Day show, they're getting a message 868 00:49:00,000 --> 00:49:03,080 Speaker 1: watched that Joe Biden wants to defund the police and 869 00:49:03,200 --> 00:49:05,000 Speaker 1: that if you call nine one one, nobody will be 870 00:49:05,000 --> 00:49:07,440 Speaker 1: there to answer the phone. So it's very interesting to 871 00:49:07,440 --> 00:49:10,520 Speaker 1: look not just where they're advertising, but what messages they're 872 00:49:10,560 --> 00:49:13,600 Speaker 1: advertising on those shows, those demographics they want to get. 873 00:49:13,840 --> 00:49:17,400 Speaker 1: It's marketing a product, just like uh, like anything else, 874 00:49:17,480 --> 00:49:20,560 Speaker 1: but the product is the campus. It really is fascinating 875 00:49:20,640 --> 00:49:24,400 Speaker 1: and I know that you um have have done this 876 00:49:24,440 --> 00:49:27,480 Speaker 1: as well. Gregory Krty Bloomberg, national political reporter, who's we're 877 00:49:27,480 --> 00:49:30,440 Speaker 1: diving into the political advertising. It's kind of depressing how 878 00:49:30,520 --> 00:49:33,680 Speaker 1: much money is spent overall and the political process on 879 00:49:33,680 --> 00:49:36,600 Speaker 1: on outside spending, on inside spending and whatnot. But it 880 00:49:36,719 --> 00:49:40,640 Speaker 1: is really really fascinating and a little bit kind of 881 00:49:40,640 --> 00:49:44,959 Speaker 1: like to use a Harry Potter term, the dark arts 882 00:49:45,080 --> 00:49:50,800 Speaker 1: um about how they craft these these um these ads, 883 00:49:50,840 --> 00:49:52,400 Speaker 1: Like when you go into a focus group and you 884 00:49:52,440 --> 00:49:56,640 Speaker 1: sit behind these are welly and mirror rooms and you're 885 00:49:56,680 --> 00:49:58,760 Speaker 1: back there and you're observing these people and they're testing 886 00:49:58,800 --> 00:50:01,000 Speaker 1: the ads. It's really free. All right, We've got like 887 00:50:01,040 --> 00:50:02,680 Speaker 1: a minute and a half left. Tell me one thing 888 00:50:02,719 --> 00:50:07,080 Speaker 1: that I don't know. Tell me what's on your radar. Go, oh, well, 889 00:50:07,080 --> 00:50:09,080 Speaker 1: you were talking about the conventions going into this. We're 890 00:50:09,120 --> 00:50:12,040 Speaker 1: looking at the lineup of convention speakers next week at 891 00:50:12,080 --> 00:50:16,000 Speaker 1: the Democratic sort of virtual convention. We'll be looking at 892 00:50:16,080 --> 00:50:18,840 Speaker 1: the ratings of these conventions. How many people want to 893 00:50:18,840 --> 00:50:22,479 Speaker 1: tune into what amounts to basically a glorified zoom call 894 00:50:23,360 --> 00:50:27,360 Speaker 1: um and watch, you know, a bunch of politicians talking 895 00:50:27,400 --> 00:50:29,759 Speaker 1: straight into a camera without much of an audience. I 896 00:50:29,800 --> 00:50:31,919 Speaker 1: mean are they You know, I've been watching a little 897 00:50:31,920 --> 00:50:34,600 Speaker 1: bit of sports, baseball and soccer. They've been piping in 898 00:50:34,680 --> 00:50:36,839 Speaker 1: audience noise. So what what do they do to kind 899 00:50:36,840 --> 00:50:40,359 Speaker 1: of to to rev up the the intensity level at 900 00:50:40,400 --> 00:50:43,759 Speaker 1: these conventions? Uh? Democratic lineup is mostly out. We don't 901 00:50:43,760 --> 00:50:45,760 Speaker 1: know who the keynote speaker is going to be. Obviously 902 00:50:45,800 --> 00:50:48,560 Speaker 1: that the key spot it's launched careers before. We're looking 903 00:50:48,560 --> 00:50:51,719 Speaker 1: for that um and we're looking for the potentially a 904 00:50:51,719 --> 00:50:55,840 Speaker 1: platform battle. The platform is is out. They had a 905 00:50:55,840 --> 00:50:59,279 Speaker 1: big unity commission, but with the Sanders folks to try 906 00:50:59,320 --> 00:51:01,879 Speaker 1: to get some common ground on the platform. But the 907 00:51:01,960 --> 00:51:05,120 Speaker 1: end result looks a lot like a conventional democratic platform 908 00:51:05,200 --> 00:51:09,759 Speaker 1: without a whole lot of of allowances for the progressive wings. 909 00:51:09,800 --> 00:51:11,399 Speaker 1: So we're gonna be looking at that next week as well. 910 00:51:11,640 --> 00:51:14,480 Speaker 1: Gregory Courtsie, thank you so much for calling in Bloomberg 911 00:51:14,560 --> 00:51:17,400 Speaker 1: National Political Reporter. Go read a story on the terminal. 912 00:51:17,520 --> 00:51:20,279 Speaker 1: It is really interesting and gives you a lot to 913 00:51:20,320 --> 00:51:24,000 Speaker 1: think about where the Trump can't spend, Trump campaigns spending 914 00:51:24,400 --> 00:51:26,480 Speaker 1: and how they're advertising, and of course it talks about 915 00:51:26,960 --> 00:51:30,520 Speaker 1: Joe Biden as well. Much more policy and politics tomorrow. 916 00:51:31,360 --> 00:51:34,520 Speaker 1: I'm Kevin Currelli cheap Washington correspondent for Bloomberg Television, for 917 00:51:34,560 --> 00:51:39,560 Speaker 1: Bloomberg Radio. Stay safe, Stay safe, stay grateful, and stay 918 00:51:39,600 --> 00:51:41,880 Speaker 1: aspirational and hungary if you're listening to Bloomberg