1 00:00:00,400 --> 00:00:05,120 Speaker 1: Live from our nations. How do we reopen this economy? 2 00:00:05,200 --> 00:00:08,320 Speaker 1: The latest on how this pandemic is impacting farmers. What 3 00:00:08,440 --> 00:00:11,440 Speaker 1: does this do for the United States relationship with China? 4 00:00:11,600 --> 00:00:16,520 Speaker 1: Bloomberg Sound On, The Insiders, the influencers, the insides. We're 5 00:00:16,560 --> 00:00:19,760 Speaker 1: responding to this crisis and manufacturers are stepping up like 6 00:00:19,880 --> 00:00:23,400 Speaker 1: never before. We're looking at seventy Kennedys for different vaccines. 7 00:00:23,480 --> 00:00:26,120 Speaker 1: How do we make sure a pandemic of this scale 8 00:00:26,200 --> 00:00:30,280 Speaker 1: never happens again? This is Bloomberg Sound On with Kevin 9 00:00:30,320 --> 00:00:34,800 Speaker 1: Surrel on Bloomberg and one oh five point seven m 10 00:00:34,960 --> 00:00:38,120 Speaker 1: h D two breaking New Senate majority leader Mitch McConnell 11 00:00:38,120 --> 00:00:41,440 Speaker 1: says the Senate could hold a Supreme Court vote before 12 00:00:42,360 --> 00:00:46,479 Speaker 1: election day. We've got every angle covered on the Supreme 13 00:00:46,520 --> 00:00:50,120 Speaker 1: Court sub saga now just two and a half days 14 00:00:50,120 --> 00:00:54,040 Speaker 1: removed from the passing of Ruth Bader Ginsberg, plus stocks 15 00:00:54,040 --> 00:00:57,080 Speaker 1: pair losses as tech rally tempers bank route. The latest 16 00:00:57,160 --> 00:01:00,920 Speaker 1: on the economy and how the coronavirus risk continues to 17 00:01:00,920 --> 00:01:04,679 Speaker 1: wreak economic havoc and health havoc on the country. Lots 18 00:01:04,720 --> 00:01:07,600 Speaker 1: to get through on a very important, very busy day. 19 00:01:07,920 --> 00:01:10,640 Speaker 1: We have every angle covered of the Supreme Court, and 20 00:01:10,760 --> 00:01:14,080 Speaker 1: next hour we're gonna talk with Congresswoman Judy Chew, who 21 00:01:14,120 --> 00:01:19,720 Speaker 1: represents California's congressional district. And then we're also going to 22 00:01:19,840 --> 00:01:22,560 Speaker 1: check in with Rick Davis, who, of course is the 23 00:01:22,600 --> 00:01:25,840 Speaker 1: former campaign manager to Senator John McCain and now a 24 00:01:25,920 --> 00:01:29,800 Speaker 1: partner at Stone Court Capital. Nobody better than the than 25 00:01:29,959 --> 00:01:32,440 Speaker 1: to give us insights on the impacts of such a 26 00:01:32,480 --> 00:01:37,560 Speaker 1: monumental shift. Monumental shift in terms of in terms of 27 00:01:37,600 --> 00:01:40,959 Speaker 1: the Supreme Court, and a red headline passing the Bloomberg terminal. 28 00:01:41,000 --> 00:01:45,679 Speaker 1: Now President Trump zeroing in on Cony Barrett as likely 29 00:01:45,800 --> 00:01:49,720 Speaker 1: Supreme Court pick. President Trump is moving towards nominating Amy 30 00:01:49,800 --> 00:01:53,240 Speaker 1: Coney Barrett to replace the late Justice Ruth Bader Ginsburg 31 00:01:53,440 --> 00:01:56,680 Speaker 1: on the Supreme Court, according to multiple people familiar with 32 00:01:56,720 --> 00:01:59,880 Speaker 1: the matter, despite the President saying Monday that he's considering 33 00:02:00,040 --> 00:02:04,200 Speaker 1: as many as five candidates. Now. To join us to 34 00:02:04,280 --> 00:02:07,480 Speaker 1: help navigate through all of this is Bloomberg White House 35 00:02:07,520 --> 00:02:11,240 Speaker 1: reporter Jordan Fabian. Jordan's what do we know about the 36 00:02:11,280 --> 00:02:17,200 Speaker 1: President's selection process and when he might officially name the pick? Well, Kevin, 37 00:02:17,200 --> 00:02:19,880 Speaker 1: it seems to be moving really fast, and he is 38 00:02:20,000 --> 00:02:23,160 Speaker 1: as you said, as me and my colleagues just reported 39 00:02:23,639 --> 00:02:27,440 Speaker 1: leaning towards Amy Coney Barrett. He just spoke to reporters 40 00:02:27,480 --> 00:02:29,320 Speaker 1: on the staff lawn of the White House and said 41 00:02:29,760 --> 00:02:33,079 Speaker 1: that announcement could come as early as Friday or Saturday, 42 00:02:33,080 --> 00:02:36,000 Speaker 1: probably Saturday, he said, So it looks like by the 43 00:02:36,080 --> 00:02:38,040 Speaker 1: end of the week we could be kicking off this 44 00:02:38,160 --> 00:02:42,120 Speaker 1: nomination in confirmation battle. That's going to be quite contentionous. 45 00:02:42,160 --> 00:02:43,800 Speaker 1: All right, Let's take a listen to what the President 46 00:02:43,840 --> 00:02:46,640 Speaker 1: had to say in terms of how he would pick someone. 47 00:02:46,639 --> 00:02:50,000 Speaker 1: Here's the President speaking in North Carolina over the weekend. 48 00:02:50,040 --> 00:02:54,000 Speaker 1: Here he is, it will be a woman, a very talented, 49 00:02:54,240 --> 00:03:01,600 Speaker 1: very brilliant woman. We haven't chosen yet, but we have 50 00:03:02,160 --> 00:03:05,040 Speaker 1: numerous women on the list. Jordan, who else is on 51 00:03:05,080 --> 00:03:10,639 Speaker 1: the list? The other candidate who's under serious consideration Kevin 52 00:03:10,840 --> 00:03:15,520 Speaker 1: is Barbara Lagoa. She's an appellate judge from Florida. A 53 00:03:15,560 --> 00:03:18,400 Speaker 1: lot of the President's allies believed that she would help 54 00:03:18,480 --> 00:03:21,680 Speaker 1: make inroads in that key swing state. She's a Cuban American, 55 00:03:21,760 --> 00:03:24,960 Speaker 1: would be the first Hispanic woman on the Supreme Court, 56 00:03:25,040 --> 00:03:29,080 Speaker 1: so would be a barrier breaker as well. But but 57 00:03:29,160 --> 00:03:32,560 Speaker 1: as as we reported, She is a distance second to 58 00:03:32,720 --> 00:03:36,600 Speaker 1: Amy Coney Barrett. She's the seventh Circuit judge from Indiana, 59 00:03:36,800 --> 00:03:40,800 Speaker 1: a favorite of social conservative and UH, and someone who 60 00:03:40,840 --> 00:03:43,240 Speaker 1: the President has really zeroed it on, as well as 61 00:03:43,240 --> 00:03:45,880 Speaker 1: Miss McConnell, the Senate majority leader. I mean, it really 62 00:03:45,960 --> 00:03:50,320 Speaker 1: is remarkable just how quickly this Scotus fight has really 63 00:03:50,440 --> 00:03:55,680 Speaker 1: upended the presidential election. I mean, Friday night, the news, 64 00:03:55,720 --> 00:04:01,360 Speaker 1: the sad news of really a heroic American cultural figure 65 00:04:01,800 --> 00:04:06,160 Speaker 1: and leader UH passing away. UH. And and just how 66 00:04:06,280 --> 00:04:10,440 Speaker 1: quickly now the talk has turned to the replacement. Over 67 00:04:10,480 --> 00:04:13,800 Speaker 1: the weekend, Senator Elizabeth Warren, the progressive from Massachusetts, taking 68 00:04:14,240 --> 00:04:16,480 Speaker 1: to the steps of the Supreme Court, vowing to fight 69 00:04:16,560 --> 00:04:21,440 Speaker 1: the nomination at any cost. Progressive circles, progressive groups, the 70 00:04:21,480 --> 00:04:26,159 Speaker 1: biding campaign, former Democratic presidential nominee Hillary Clinton, virtually every 71 00:04:26,279 --> 00:04:31,040 Speaker 1: Democrat UH calling on this to to not be brought 72 00:04:31,160 --> 00:04:35,000 Speaker 1: to a vote until after the election, until the next Congress, 73 00:04:35,040 --> 00:04:37,919 Speaker 1: just because of how close it is to the proximity 74 00:04:37,960 --> 00:04:41,839 Speaker 1: of the November three elections. Republicans saying no, this is 75 00:04:41,839 --> 00:04:45,880 Speaker 1: why they were elected. This is why the Republicans gave 76 00:04:45,920 --> 00:04:48,400 Speaker 1: them the majority. Voters gave them the majority in the 77 00:04:48,480 --> 00:04:51,159 Speaker 1: Upper Chamber and take a listen to Senate Majority Leader 78 00:04:51,200 --> 00:04:54,600 Speaker 1: Mitch McConnell speaking earlier today on the Senate floor. Here 79 00:04:54,600 --> 00:04:59,520 Speaker 1: he is President Trump's nominated for this vacancy. We'll receive 80 00:04:59,560 --> 00:05:04,000 Speaker 1: a vote on the floor of the Senate. So Jordan's 81 00:05:04,000 --> 00:05:09,080 Speaker 1: how much pressure are various Republicans feeling? I mean, is 82 00:05:09,080 --> 00:05:11,560 Speaker 1: this Are they not feeling any pressure? Are they just saying, no, 83 00:05:12,040 --> 00:05:14,520 Speaker 1: the party wants this, this is what we want, this 84 00:05:14,600 --> 00:05:16,400 Speaker 1: is what we're going to do. Have they taken into 85 00:05:16,400 --> 00:05:21,880 Speaker 1: account at all the political reaction coming from the left, Kevin, 86 00:05:21,880 --> 00:05:24,680 Speaker 1: It seems like they're moving full speed ahead. And the 87 00:05:24,720 --> 00:05:27,440 Speaker 1: only two center Republicans who have come out and said, 88 00:05:27,800 --> 00:05:30,159 Speaker 1: maybe let's pump the brakes or at Leasta Murkowsky and 89 00:05:30,160 --> 00:05:33,080 Speaker 1: Susan Collins, both of whom are or I guess Susan 90 00:05:33,120 --> 00:05:36,960 Speaker 1: Collins facing a tough reelection fight. But but you haven't 91 00:05:37,000 --> 00:05:40,159 Speaker 1: seen a critical mass of center Republicans come forth and 92 00:05:40,200 --> 00:05:43,680 Speaker 1: say we shouldn't do this. You have not only Miss McConnell, 93 00:05:43,680 --> 00:05:46,159 Speaker 1: but Lindsay Graham, who was the chairman of the Judiciary Committee, 94 00:05:46,160 --> 00:05:48,400 Speaker 1: who's going to be controlling these hearings, you know, saying 95 00:05:48,400 --> 00:05:51,360 Speaker 1: that he's going to move ahead, but he said pretty definitively, 96 00:05:52,760 --> 00:05:55,000 Speaker 1: you know, quote me if this ever comes up again, 97 00:05:55,320 --> 00:05:58,159 Speaker 1: you know, if republic is in office, we shouldn't do 98 00:05:58,360 --> 00:06:01,680 Speaker 1: with the Supreme Court conference nation uh in during a 99 00:06:01,760 --> 00:06:04,960 Speaker 1: presidential election year. So you can imagine, and I should 100 00:06:04,960 --> 00:06:07,440 Speaker 1: note that Linda Graham is facing re election as well, 101 00:06:07,520 --> 00:06:09,440 Speaker 1: and I imagine those comments are going to be pulled, 102 00:06:09,560 --> 00:06:12,800 Speaker 1: if they haven't already, by his Democratic opponents and used 103 00:06:12,839 --> 00:06:15,000 Speaker 1: against them. So it does seem like they've made the 104 00:06:15,040 --> 00:06:18,479 Speaker 1: decision here that they might be willing to sacrifice, you have, 105 00:06:18,520 --> 00:06:22,000 Speaker 1: their careers and perhaps even maybe the Senate majority in 106 00:06:22,080 --> 00:06:26,119 Speaker 1: order to get a third Supreme Court justice for President Trump. 107 00:06:26,839 --> 00:06:30,159 Speaker 1: So you so, so we really I mean, based upon 108 00:06:30,160 --> 00:06:32,800 Speaker 1: the conversations I add today with sources and what I'm 109 00:06:32,800 --> 00:06:35,920 Speaker 1: gathering from you, Jordan's is is that we really very 110 00:06:36,000 --> 00:06:40,960 Speaker 1: well could have We very well could have Judiciary committee 111 00:06:41,000 --> 00:06:46,000 Speaker 1: hearings and nomination hearings for a Supreme Court justice pick 112 00:06:47,120 --> 00:06:50,320 Speaker 1: while the debates are going on. I mean, that's a 113 00:06:50,360 --> 00:06:56,679 Speaker 1: real tangible possibility. That's that's certainly right. And they're starting 114 00:06:56,920 --> 00:07:00,000 Speaker 1: in eight days, so yes, you know, that would be 115 00:07:00,160 --> 00:07:03,000 Speaker 1: quite a fast timeline but you know the debates are 116 00:07:03,000 --> 00:07:06,839 Speaker 1: gonna stretch in Doctober, so I wouldn't rule out the possibility, Kevin. 117 00:07:07,120 --> 00:07:09,960 Speaker 1: So so I just I gotta take a break. I mean, 118 00:07:10,200 --> 00:07:13,040 Speaker 1: this is even surprising to me that we could have 119 00:07:13,280 --> 00:07:17,120 Speaker 1: confirmation hearings for a Supreme Court pick literally in the 120 00:07:17,200 --> 00:07:20,559 Speaker 1: drum up until November three. I mean, it doesn't get 121 00:07:20,600 --> 00:07:25,200 Speaker 1: any more contentious contentious than that, Jordan, I'm hard pressed 122 00:07:25,200 --> 00:07:27,920 Speaker 1: to find I'm dusting off my history books. I'm trying 123 00:07:27,960 --> 00:07:30,160 Speaker 1: to figure out. I gotta ask Tom Kane. I'm hard 124 00:07:30,160 --> 00:07:31,920 Speaker 1: pressed to find a time where this has ever happened. 125 00:07:32,040 --> 00:07:36,080 Speaker 1: I mean, this is really, really, truthfully remarkable. What are 126 00:07:36,080 --> 00:07:39,640 Speaker 1: the chances of President Trump's pick actually getting across the 127 00:07:39,640 --> 00:07:42,280 Speaker 1: finish line before November three? Or do you think the 128 00:07:42,320 --> 00:07:46,760 Speaker 1: final vote won't come until the lame duck. I think 129 00:07:46,760 --> 00:07:48,920 Speaker 1: it's hard to predict to this jouncture, Kevin. But I 130 00:07:48,960 --> 00:07:52,560 Speaker 1: will say that getting a confirmation vote before the November 131 00:07:52,600 --> 00:07:55,880 Speaker 1: election would be a very fast timeline of these nominations 132 00:07:56,000 --> 00:07:59,520 Speaker 1: usually take uh several months, and we're talking about, you know, 133 00:07:59,640 --> 00:08:02,920 Speaker 1: a matter of weeks here before November three, so it 134 00:08:02,920 --> 00:08:06,120 Speaker 1: would be very quick. But but again, the Center Republicans 135 00:08:06,600 --> 00:08:08,960 Speaker 1: signal they want to move quickly, and you know, I 136 00:08:09,000 --> 00:08:12,080 Speaker 1: guess their political calculation is that not only would they 137 00:08:12,120 --> 00:08:14,440 Speaker 1: get a third justice for President Trump, but this would 138 00:08:14,600 --> 00:08:18,000 Speaker 1: help motivate their conservative base. But on the flip side, 139 00:08:18,360 --> 00:08:21,000 Speaker 1: Democrats are going to be motivated too. We saw you know, 140 00:08:21,320 --> 00:08:24,920 Speaker 1: millions of dollars for into Democratic fundraising causes over the weekend. 141 00:08:25,200 --> 00:08:28,640 Speaker 1: You have the prospect of having the seat of liberal 142 00:08:28,800 --> 00:08:32,600 Speaker 1: hero Ruth Bader Ginsburg replaced by you know, Trump's conservative 143 00:08:32,920 --> 00:08:35,760 Speaker 1: is certainly going to be something that Democrats and liberals 144 00:08:35,760 --> 00:08:37,720 Speaker 1: can rally around. So take a listen to what else 145 00:08:37,800 --> 00:08:40,920 Speaker 1: Leader McConnell had to say, because I mean, the politicization 146 00:08:41,040 --> 00:08:43,800 Speaker 1: of this is it's always political for Supreme Court pick. 147 00:08:43,840 --> 00:08:46,000 Speaker 1: But I mean, take take a listen to what Leader 148 00:08:46,040 --> 00:08:47,800 Speaker 1: McConnell had to said. I was I was struck by 149 00:08:47,840 --> 00:08:51,239 Speaker 1: this because we all remember the Capital here proceedings in confirmation. 150 00:08:51,320 --> 00:08:55,240 Speaker 1: Here is some of the same individuals who tried every 151 00:08:55,280 --> 00:09:00,800 Speaker 1: conceivable dirty trick to have justice scorsage and justice having 152 00:09:00,880 --> 00:09:05,160 Speaker 1: all are lining up, lining up to proclaim the third 153 00:09:05,200 --> 00:09:08,440 Speaker 1: time will be the charm. And I mean, I don't 154 00:09:08,440 --> 00:09:11,360 Speaker 1: I don't really like doing the whole. This could happen, 155 00:09:11,440 --> 00:09:14,600 Speaker 1: This could this could happen. But Senator Ted Cruz, Republican 156 00:09:14,640 --> 00:09:17,439 Speaker 1: from Texas over the weekend making somewhat of an interesting 157 00:09:17,480 --> 00:09:21,360 Speaker 1: point that should there be a serious Supreme Court case 158 00:09:21,400 --> 00:09:25,079 Speaker 1: that's decided over I don't know the election, Uh, there 159 00:09:25,080 --> 00:09:27,480 Speaker 1: could be a divided court. I mean, Jordan's final word 160 00:09:27,520 --> 00:09:30,040 Speaker 1: to you in the minute that we have left this 161 00:09:30,040 --> 00:09:33,600 Speaker 1: this is unprecedented. If if there's only eight judges on 162 00:09:33,640 --> 00:09:37,400 Speaker 1: the bench and and and you know the mail and balance, 163 00:09:37,400 --> 00:09:41,319 Speaker 1: I mean, it's it's not inconceivable. You're right, Kevin, It's 164 00:09:41,400 --> 00:09:44,320 Speaker 1: it's not and and not only that, you know, if this, 165 00:09:44,559 --> 00:09:47,200 Speaker 1: you know, somehow gets side tracked and we you know, 166 00:09:47,280 --> 00:09:50,760 Speaker 1: we don't get a nominee confirmed this year. There's some 167 00:09:50,800 --> 00:09:54,120 Speaker 1: contentious case that's coming up, like Obamacare and other issues 168 00:09:54,160 --> 00:09:56,319 Speaker 1: that could come up before the court. And then the 169 00:09:56,600 --> 00:09:58,760 Speaker 1: question is what happens. Do they take it up under 170 00:09:59,240 --> 00:10:01,880 Speaker 1: this four force blit or do they wait until somebody 171 00:10:02,120 --> 00:10:04,720 Speaker 1: is at the h is on the bench and they 172 00:10:04,720 --> 00:10:06,559 Speaker 1: have a full nine justice will have to wait and 173 00:10:06,600 --> 00:10:08,120 Speaker 1: say we're going to have to wait and see. What 174 00:10:08,160 --> 00:10:10,040 Speaker 1: a remarkable day. Hey Jordan, thanks for making time for 175 00:10:10,080 --> 00:10:12,400 Speaker 1: me over the weekend off of now and oh and 176 00:10:12,400 --> 00:10:15,400 Speaker 1: two Philadelphia Eagles start coming up. Much more policy and 177 00:10:15,440 --> 00:10:17,960 Speaker 1: politics and Supreme Court reaction, and we dive into the markets. 178 00:10:17,960 --> 00:10:20,760 Speaker 1: My name is Kevin Surreally, I'm the chief Washington correspondor 179 00:10:20,800 --> 00:10:26,000 Speaker 1: for Bloomberg TV and Radio. You're listening to Bloomberg. This 180 00:10:26,280 --> 00:10:31,520 Speaker 1: is Bloomberg Sound On with Kevin Surley on Bloomberg and 181 00:10:31,559 --> 00:10:34,000 Speaker 1: one oh five point seven f m h D two. 182 00:10:34,440 --> 00:10:36,400 Speaker 1: All right, it was a very busy day on Wall 183 00:10:36,440 --> 00:10:38,880 Speaker 1: Street and in Washington, and coming up, we're gonna talk 184 00:10:39,000 --> 00:10:42,960 Speaker 1: much much more about the Supreme Court replacement pick, and 185 00:10:42,960 --> 00:10:46,880 Speaker 1: we're gonna check in with someone who's actually working on 186 00:10:47,400 --> 00:10:49,680 Speaker 1: behind the scenes the process and working with all the 187 00:10:49,679 --> 00:10:52,480 Speaker 1: players on the Senate Judiciary Committee. Garrett Ventry joins me 188 00:10:52,840 --> 00:10:55,840 Speaker 1: in the next half hour. Just a quick word on 189 00:10:56,240 --> 00:11:00,680 Speaker 1: the leading contender that we're gathering for the replacement for 190 00:11:00,800 --> 00:11:04,640 Speaker 1: RBG seat. Amy Coney Barrett, is who the President is 191 00:11:04,640 --> 00:11:09,320 Speaker 1: is really considering Amy Coney Barrett to replace uh and 192 00:11:09,320 --> 00:11:11,720 Speaker 1: to really to nominate to the Supreme Court. And we 193 00:11:11,720 --> 00:11:14,560 Speaker 1: should note that Barrett was actually one of President Trump's 194 00:11:14,600 --> 00:11:17,720 Speaker 1: finalists all the way back in two thousand and eighteen, 195 00:11:17,800 --> 00:11:21,360 Speaker 1: even met with him back when he replaced Justice Anthony 196 00:11:21,760 --> 00:11:26,559 Speaker 1: Kennedy and the President instead ultimately of course nominating Brett Kavanaugh. 197 00:11:26,880 --> 00:11:29,760 Speaker 1: But Barrett allies were told by the White House staffers 198 00:11:29,760 --> 00:11:33,040 Speaker 1: at the time that she was being saved for the 199 00:11:33,080 --> 00:11:36,440 Speaker 1: next round of possible nominees. We're gonna talk much more 200 00:11:36,440 --> 00:11:40,360 Speaker 1: about that coming up. But stock slumped, pivoting to the economy. 201 00:11:40,400 --> 00:11:44,680 Speaker 1: Stocks slumped to a two month low on concern over 202 00:11:44,800 --> 00:11:50,280 Speaker 1: tighter coronavirus restrictions and cloudy prospects for more economic stimulus, 203 00:11:50,320 --> 00:11:55,720 Speaker 1: and of report detailing suspicious transaction at Global bank. So, 204 00:11:55,760 --> 00:11:58,720 Speaker 1: my colleagues on Bloomberg Television, of Bloomberg Radio all throughout 205 00:11:58,720 --> 00:12:01,040 Speaker 1: the day reporting on this my your metal economic story, 206 00:12:01,120 --> 00:12:06,480 Speaker 1: Christopher Smart of Bearings seem As Shop of Principal Global Investors, 207 00:12:06,480 --> 00:12:11,000 Speaker 1: and Deep Kernutt of Macro Risk Advisor Advisors, all wighing. 208 00:12:11,040 --> 00:12:12,960 Speaker 1: And take a listen to what they said. Clearly, the 209 00:12:12,960 --> 00:12:16,400 Speaker 1: mood has soured on a number of fronts. That has 210 00:12:16,480 --> 00:12:20,439 Speaker 1: created some air pockets for the market. Um, the dollars 211 00:12:20,440 --> 00:12:24,960 Speaker 1: spiked today, We've seen the yields uh falling a little bit. 212 00:12:25,679 --> 00:12:29,079 Speaker 1: I think, um, a lot of it is atmospherics something. 213 00:12:29,160 --> 00:12:31,040 Speaker 1: This is ineviolutely. You know, we've just come off the 214 00:12:31,080 --> 00:12:33,280 Speaker 1: back of a couple of weeks when investors are already 215 00:12:33,280 --> 00:12:38,079 Speaker 1: starting to question the evaluations of excites. Um. And then 216 00:12:38,160 --> 00:12:39,800 Speaker 1: you know, we already needed as we get into the 217 00:12:39,880 --> 00:12:41,840 Speaker 1: end of the year, as we get into the cold, 218 00:12:41,840 --> 00:12:44,120 Speaker 1: amounts of ours numbers are going to pick up and 219 00:12:44,160 --> 00:12:46,760 Speaker 1: we're expct exactly that we've all forgot the U S 220 00:12:46,800 --> 00:12:49,760 Speaker 1: election approaching. So this is you know, me stotastic storm 221 00:12:49,840 --> 00:12:52,439 Speaker 1: for a lot of relativity. It's the markets moving, the 222 00:12:52,559 --> 00:12:55,120 Speaker 1: realized follows up a lot, and um, I think there's 223 00:12:55,160 --> 00:12:59,240 Speaker 1: concerns that this uncertainty around the election is going to 224 00:12:59,280 --> 00:13:03,040 Speaker 1: stay with us or a period after the election. Just 225 00:13:03,160 --> 00:13:06,440 Speaker 1: a very interesting day on Wall Street. Brett Ewing joins 226 00:13:06,440 --> 00:13:09,720 Speaker 1: me now he is chief market strategist at First Franklin 227 00:13:09,800 --> 00:13:13,840 Speaker 1: Financial Services. Brett, thanks so much for coming on the program. 228 00:13:13,840 --> 00:13:17,840 Speaker 1: What happened today on Wall Street? It was a very 229 00:13:17,880 --> 00:13:21,280 Speaker 1: interesting day. You know, I think this was a continuation 230 00:13:22,080 --> 00:13:25,720 Speaker 1: of the correction that we started back on September two. 231 00:13:25,880 --> 00:13:29,880 Speaker 1: September three area where the large tech really sold off. 232 00:13:30,840 --> 00:13:34,520 Speaker 1: The reopening trade seemed to kind of a lot of 233 00:13:34,640 --> 00:13:37,680 Speaker 1: rotation into that and really had a lot of support 234 00:13:38,360 --> 00:13:44,120 Speaker 1: relative to technology into even last Friday. But today was different. 235 00:13:44,840 --> 00:13:48,760 Speaker 1: I think with all the chatter and lockdown discussion coming 236 00:13:48,800 --> 00:13:53,000 Speaker 1: out of Europe um it really turned into an anti 237 00:13:53,240 --> 00:13:58,280 Speaker 1: inflationary trade day, meaning that we had a massive sell 238 00:13:58,320 --> 00:14:01,760 Speaker 1: off earlier in the day, but then what we saw 239 00:14:01,960 --> 00:14:06,840 Speaker 1: was a corona trade. Stocks start emerging as leaders, and 240 00:14:07,000 --> 00:14:11,479 Speaker 1: still we had a beat down on more of the cyclicals, 241 00:14:11,559 --> 00:14:16,240 Speaker 1: financials and materials. You know, I find it remarkable and 242 00:14:16,520 --> 00:14:21,160 Speaker 1: I thought, uh, my colleague Jonathan Pharaoh captured it brilliantly 243 00:14:21,280 --> 00:14:25,360 Speaker 1: this morning cross platform on Bloomberg Television and on Bloomberg 244 00:14:25,560 --> 00:14:28,960 Speaker 1: Radio when he when he talked about what Europe is 245 00:14:29,000 --> 00:14:33,080 Speaker 1: going to be doing, and it's not there's more restrictions 246 00:14:33,120 --> 00:14:35,640 Speaker 1: expected in Europe, but it's not going to be that 247 00:14:35,680 --> 00:14:38,320 Speaker 1: they're canceling schools. It's not. It's gonna be much different 248 00:14:38,360 --> 00:14:43,520 Speaker 1: than what they had initial initially sorry initially put forth 249 00:14:43,920 --> 00:14:47,200 Speaker 1: back in March and April. And still the market reaction 250 00:14:47,280 --> 00:14:51,320 Speaker 1: not not really finding that nuance. But do you think 251 00:14:51,320 --> 00:14:55,600 Speaker 1: that this Brett puts even more pressure, more pressure on 252 00:14:55,640 --> 00:14:59,160 Speaker 1: the people up there on Capitol Hill where I'm at 253 00:15:00,040 --> 00:15:02,400 Speaker 1: and that they've got to pass some fiscal stimulus. They're 254 00:15:02,400 --> 00:15:05,360 Speaker 1: looking for some more stimulus. What does this do a 255 00:15:05,440 --> 00:15:08,720 Speaker 1: day like today, when every investor staring down Europe and 256 00:15:08,760 --> 00:15:11,240 Speaker 1: hoping it doesn't come back to America, hoping that there's 257 00:15:11,280 --> 00:15:14,400 Speaker 1: not another uptick? What does it mean for how much 258 00:15:14,480 --> 00:15:19,480 Speaker 1: more fiscal stimulus is needed at this particular moment. Well, 259 00:15:19,600 --> 00:15:22,560 Speaker 1: I think it's clear that the market is looking for 260 00:15:22,640 --> 00:15:26,000 Speaker 1: some more fiscal stimulus coming out of Congress. I think 261 00:15:26,000 --> 00:15:31,760 Speaker 1: with the recent heightened political situation, uh, surrounding the you know, 262 00:15:32,440 --> 00:15:37,480 Speaker 1: a Supreme Court justice nomination and possible confirmation, obviously that 263 00:15:37,560 --> 00:15:42,880 Speaker 1: has increased uncertainty regarding any type of agreement going forward. 264 00:15:43,040 --> 00:15:45,920 Speaker 1: Not saying that it can't be done, but we certainly 265 00:15:45,920 --> 00:15:48,200 Speaker 1: have to lower the odds of it giving the current 266 00:15:48,280 --> 00:15:53,080 Speaker 1: environment we're in. And and even so, and I've been 267 00:15:53,080 --> 00:15:56,760 Speaker 1: trying to gather, uh gather information about this all day 268 00:15:56,800 --> 00:15:59,320 Speaker 1: and the next hour I'll ask the question to Congresswoman 269 00:15:59,360 --> 00:16:03,520 Speaker 1: Judy Chew, a Democrat from California. Does all of this 270 00:16:03,840 --> 00:16:07,960 Speaker 1: heat regarding the Supreme Court pick, does that take the 271 00:16:08,080 --> 00:16:12,000 Speaker 1: oxygen out of the room for anything else getting done, 272 00:16:12,120 --> 00:16:16,320 Speaker 1: like fiscal stimulus, like any other type of continuing resolution 273 00:16:16,320 --> 00:16:18,960 Speaker 1: when you have the Speaker of the House floating on 274 00:16:19,000 --> 00:16:22,000 Speaker 1: the Sunday shows that maybe, just maybe they try to 275 00:16:22,040 --> 00:16:25,440 Speaker 1: clog floor time to take some of the pressure away 276 00:16:25,600 --> 00:16:28,760 Speaker 1: from there from from Republicans being able to to jam 277 00:16:28,880 --> 00:16:33,880 Speaker 1: through or quickly pass through another type of another another 278 00:16:33,920 --> 00:16:36,280 Speaker 1: Supreme Court pick. All of that we don't know. And 279 00:16:36,400 --> 00:16:40,400 Speaker 1: Bret is brilliantly describing what all of that uncertainty coming 280 00:16:40,400 --> 00:16:43,560 Speaker 1: out of the nation's capital is doing to the markets, 281 00:16:43,600 --> 00:16:47,240 Speaker 1: injecting all of that volatility. Brett, let me ask you this, 282 00:16:47,400 --> 00:16:50,640 Speaker 1: I mean, as you look at this just from when 283 00:16:50,680 --> 00:16:54,400 Speaker 1: when you're advising your clients, when they're looking for the clarity, 284 00:16:54,720 --> 00:16:56,880 Speaker 1: what do you tell them? I mean, if we're staring 285 00:16:56,880 --> 00:17:00,280 Speaker 1: down an unpredictable election from a process standpoint, it from 286 00:17:00,280 --> 00:17:02,720 Speaker 1: a political standpoint, what do you tell them as they're 287 00:17:02,720 --> 00:17:06,640 Speaker 1: trying to find clarity? Well, I think that, um, we're 288 00:17:06,640 --> 00:17:09,040 Speaker 1: gonna go with our initial calls that we made in 289 00:17:09,119 --> 00:17:12,680 Speaker 1: late April that the market would melt up to all 290 00:17:12,720 --> 00:17:16,440 Speaker 1: time highs prior to the election and hit thirty prior 291 00:17:16,560 --> 00:17:18,960 Speaker 1: to the election, which it clearly did that in August. 292 00:17:19,560 --> 00:17:21,720 Speaker 1: In early September, we made a call that we would 293 00:17:21,720 --> 00:17:25,320 Speaker 1: have afford to seven percent correction. We have. We have 294 00:17:25,480 --> 00:17:28,520 Speaker 1: gotten that and a little bit more. I think this 295 00:17:28,600 --> 00:17:33,240 Speaker 1: correction is is getting closer to building a bottom formation 296 00:17:33,520 --> 00:17:36,760 Speaker 1: in this space right where we are now. And I 297 00:17:36,840 --> 00:17:39,920 Speaker 1: still think that we have a decent probability of hitting 298 00:17:39,960 --> 00:17:44,639 Speaker 1: a new all time high prior to the election. Really, 299 00:17:44,960 --> 00:17:46,800 Speaker 1: so you still think, you still think that they're that 300 00:17:46,880 --> 00:17:50,359 Speaker 1: there still could be some type of uh, some some 301 00:17:50,560 --> 00:17:54,480 Speaker 1: somewhere market highlight. What's the one thing that gives you 302 00:17:55,160 --> 00:17:58,360 Speaker 1: optimism from a policy standpoint? Maybe it's not coming out 303 00:17:58,359 --> 00:18:00,760 Speaker 1: of Congress, Maybe it's something that Feds to Are you 304 00:18:00,800 --> 00:18:03,840 Speaker 1: optimistic about any of the moves recently from the Central 305 00:18:03,880 --> 00:18:06,960 Speaker 1: Bank or from what the rumblings that you're hearing from 306 00:18:07,119 --> 00:18:12,400 Speaker 1: from lawmakers or policymakers. Well, first to address that, I'm 307 00:18:12,520 --> 00:18:15,919 Speaker 1: very pleased with the way the central bankers around the 308 00:18:15,920 --> 00:18:20,159 Speaker 1: globe are handling this, specifically our US Central Bank. I 309 00:18:20,160 --> 00:18:23,600 Speaker 1: think they've done an excellent job, and what we're faced 310 00:18:23,640 --> 00:18:27,360 Speaker 1: with right now is really unlimited support from our Federal Reserve. 311 00:18:28,000 --> 00:18:31,280 Speaker 1: I think Chairman Powell said it best uh last week 312 00:18:31,320 --> 00:18:34,199 Speaker 1: when he talked about look we're we're doing, We're going 313 00:18:34,280 --> 00:18:38,160 Speaker 1: to continue our support, but Congress needs to come together 314 00:18:38,600 --> 00:18:43,040 Speaker 1: and give additional fiscal support. I completely agree with that. 315 00:18:43,560 --> 00:18:45,840 Speaker 1: They need to do that. It would help the situation. 316 00:18:45,920 --> 00:18:49,800 Speaker 1: There's actually people out there really suffering through this environment, 317 00:18:50,320 --> 00:18:54,159 Speaker 1: and I think it's important to address their needs as Americans. Yeah, 318 00:18:54,200 --> 00:18:56,560 Speaker 1: but this is probably but that's a very important point, 319 00:18:56,680 --> 00:18:58,680 Speaker 1: very important point. I want to ask you one final question. 320 00:18:58,720 --> 00:19:01,399 Speaker 1: We got like thirty seconds. I know in Tallahassee, I 321 00:19:01,440 --> 00:19:04,640 Speaker 1: know you're a football fan, but are you Tom Brady fan? Now? 322 00:19:04,640 --> 00:19:07,399 Speaker 1: Have you converted over to support the Buccaneers or is 323 00:19:07,440 --> 00:19:10,480 Speaker 1: that still just you know, you're not on the bandwagon yet. 324 00:19:10,560 --> 00:19:13,479 Speaker 1: How are they receiving them down there? I love it. 325 00:19:13,720 --> 00:19:17,120 Speaker 1: I'm big Tom Brady fans and uh big Bucks fans, 326 00:19:17,160 --> 00:19:19,800 Speaker 1: so very happy and it's a lot of excitement down here. 327 00:19:19,880 --> 00:19:21,600 Speaker 1: Well listen, I'm not but you can come back on 328 00:19:21,640 --> 00:19:25,239 Speaker 1: the program anytime. Alright, My Eagles with two are ow 329 00:19:25,280 --> 00:19:27,360 Speaker 1: with two. It's off to a miserable start this year. 330 00:19:27,400 --> 00:19:31,080 Speaker 1: Coming up, we talked more Scotice, we talked more Supreme Court, 331 00:19:31,160 --> 00:19:33,840 Speaker 1: we talked more fiscal policy. It's a rough time to 332 00:19:33,840 --> 00:19:36,880 Speaker 1: be an Eagles fan. I'm Kevin surreally chief Washington correspondent 333 00:19:36,880 --> 00:19:44,320 Speaker 1: fro Bloomberg TV and Radio. You're listening to Bloomberg from 334 00:19:44,320 --> 00:19:49,040 Speaker 1: our Nation. How do we reopen this economy? The latest 335 00:19:49,080 --> 00:19:52,000 Speaker 1: on how this pandemic is impacting farmers. What does this 336 00:19:52,119 --> 00:19:56,399 Speaker 1: do for the United States relationship with China? Bloomberg Sound Off. 337 00:19:56,520 --> 00:20:01,120 Speaker 1: The insiders, the influencers, the inside were bonding to this crisis, 338 00:20:01,160 --> 00:20:04,440 Speaker 1: and manufacturers are stepping up like never before. You're looking 339 00:20:04,480 --> 00:20:07,440 Speaker 1: at seventy candidates for different vactorines. How do we make 340 00:20:07,480 --> 00:20:10,880 Speaker 1: sure a pandemic of this scale never happens again? This 341 00:20:11,240 --> 00:20:18,800 Speaker 1: is Bloomberg Sound On with Kevin on Bloomberg and D two. 342 00:20:19,200 --> 00:20:23,240 Speaker 1: Let scotis Monday, President Trump zeroing in on Coney Barrett 343 00:20:23,640 --> 00:20:27,560 Speaker 1: as the as his likely Supreme Court pick. Plus while 344 00:20:27,640 --> 00:20:29,919 Speaker 1: day on Wall Street, the latest in terms of the 345 00:20:29,960 --> 00:20:34,480 Speaker 1: pressure that lawmakers are feeling now for more fiscal stimulus. 346 00:20:34,520 --> 00:20:38,000 Speaker 1: We check in with Congresswoman Judy Chew, and we'll lead 347 00:20:38,040 --> 00:20:42,360 Speaker 1: the show with someone working on the Supreme Court nomination 348 00:20:42,480 --> 00:20:46,480 Speaker 1: process in conservative circles. Garrett Ventry joins us in just 349 00:20:46,640 --> 00:20:48,560 Speaker 1: a couple of minutes. You don't want to miss the 350 00:20:48,640 --> 00:20:53,040 Speaker 1: behind the scenes look at what's actually happening. With Republicans 351 00:20:53,160 --> 00:20:56,399 Speaker 1: right now headline crossing the Bloomberg terminal. Just within the 352 00:20:56,480 --> 00:21:00,560 Speaker 1: last twenty minutes, President Donald Trump is moving toward dominating 353 00:21:00,600 --> 00:21:04,760 Speaker 1: Amy Coney Barrett to replace the late Justice Ruth Bader 354 00:21:04,840 --> 00:21:08,560 Speaker 1: Ginsburg on the Supreme Court, according to people familiar with 355 00:21:08,600 --> 00:21:12,639 Speaker 1: the matter, despite the President saying Monday that he's considering 356 00:21:12,680 --> 00:21:15,960 Speaker 1: as many as five candidates. Barrett, of course, is the 357 00:21:16,000 --> 00:21:20,520 Speaker 1: favorite of anti abortion rights activists advocates who are heavily 358 00:21:20,640 --> 00:21:24,680 Speaker 1: lobbying the White House and Trump personally to nominate her. 359 00:21:25,240 --> 00:21:28,320 Speaker 1: Here to break all of this down is Garrett Ventry. 360 00:21:28,400 --> 00:21:32,600 Speaker 1: He is the former senior communications advisor to Senate Judiciary Republicans. 361 00:21:32,640 --> 00:21:36,800 Speaker 1: No one knows, no one in this town knows the 362 00:21:36,920 --> 00:21:42,560 Speaker 1: lay of the Senate Judiciary Republicans better than Garrett Ventry. Garrett, 363 00:21:42,720 --> 00:21:46,320 Speaker 1: what's what's the timetable that we're hearing from President Trump 364 00:21:46,520 --> 00:21:50,320 Speaker 1: for when he's gonna name this pick? And then realistically 365 00:21:50,960 --> 00:21:55,360 Speaker 1: how soon until the confirmation hearing is begin? Kevin, good 366 00:21:55,359 --> 00:21:57,440 Speaker 1: to be with you. Thanks for the introduction. Remind me 367 00:21:57,480 --> 00:22:00,520 Speaker 1: do offend you later. Um so I was joke. For 368 00:22:00,600 --> 00:22:05,679 Speaker 1: anyone listening, that was a joke exactly me too. So 369 00:22:05,840 --> 00:22:08,040 Speaker 1: just a joke. Um. So good to be with you though, 370 00:22:08,080 --> 00:22:10,320 Speaker 1: thanks for having me on. So with this, I mean 371 00:22:10,520 --> 00:22:14,560 Speaker 1: the president that I think recently and Fox and Friends 372 00:22:14,560 --> 00:22:17,680 Speaker 1: this morning that it would be by either Friday or Saturday. 373 00:22:17,720 --> 00:22:20,360 Speaker 1: I've heard the Press Secretary stake as soon as Wednesday, 374 00:22:20,400 --> 00:22:24,119 Speaker 1: so it seems that an announcement on a potential replacement 375 00:22:24,240 --> 00:22:28,280 Speaker 1: to the late Ruth Vader Ginsburg could come as soon 376 00:22:28,320 --> 00:22:31,560 Speaker 1: as this week. As far as moving forward, You've got 377 00:22:31,560 --> 00:22:35,199 Speaker 1: a couple of options here, um uh. Justice Ginford was 378 00:22:35,280 --> 00:22:39,040 Speaker 1: confirmed with it about forty two days. Justice Sanderday O'Connor 379 00:22:39,600 --> 00:22:42,840 Speaker 1: was confirmed um in about thirty three days, so you 380 00:22:42,880 --> 00:22:45,240 Speaker 1: could be it's about forty states until the election, so 381 00:22:45,280 --> 00:22:47,800 Speaker 1: it could happen before the election. There's also a second 382 00:22:47,800 --> 00:22:50,560 Speaker 1: time table where you know they have a hearing. Uh, 383 00:22:50,600 --> 00:22:54,199 Speaker 1: there's an announcement sometimes this week. Chairman Lindsay Graham of 384 00:22:54,240 --> 00:22:57,679 Speaker 1: the Senate Judiciary Committee goes ahead and schedules a hearing 385 00:22:57,840 --> 00:23:01,359 Speaker 1: for some time, maybe at the beginning of October. And 386 00:23:01,400 --> 00:23:05,480 Speaker 1: there's obviously the potential still for a vote after the election, 387 00:23:05,640 --> 00:23:08,479 Speaker 1: so that part is still fluid. Um. The only thing 388 00:23:08,520 --> 00:23:10,480 Speaker 1: that has been made clear as the President will dominate 389 00:23:10,560 --> 00:23:13,440 Speaker 1: someone this week that Chairman Graham had said there will 390 00:23:13,440 --> 00:23:15,440 Speaker 1: be a hearing and that a majority of loose Leader 391 00:23:15,480 --> 00:23:18,000 Speaker 1: Mitch McConnell said this nominee will get a vote. He 392 00:23:18,000 --> 00:23:20,280 Speaker 1: hasn't specified wins though. All Right. So, one of the 393 00:23:20,359 --> 00:23:23,240 Speaker 1: questions that I've gotten repeatedly over the weekend from from 394 00:23:23,240 --> 00:23:27,040 Speaker 1: just political observers is what what's going on with Senator 395 00:23:27,040 --> 00:23:30,119 Speaker 1: Lindsay Graham, the Republican from South Carolina who had said 396 00:23:30,280 --> 00:23:33,240 Speaker 1: that if he was in a situation like they were 397 00:23:33,359 --> 00:23:35,919 Speaker 1: in several years ago, they would not want there to 398 00:23:36,080 --> 00:23:39,800 Speaker 1: be a vote in an election year. Can you just 399 00:23:39,880 --> 00:23:42,359 Speaker 1: walk us through this, Garrett, as someone who knows all 400 00:23:42,400 --> 00:23:45,640 Speaker 1: of the Republicans, what is the conservative argument for what 401 00:23:45,840 --> 00:23:49,520 Speaker 1: many are saying as a flip flop? Sure, and the 402 00:23:49,560 --> 00:23:51,520 Speaker 1: same thing could be said about Democrats, who, you know, 403 00:23:52,000 --> 00:23:55,280 Speaker 1: four years ago during Mark Garland's nomination, that contentious domination 404 00:23:55,320 --> 00:23:57,680 Speaker 1: said we need nine and we should nominate someone immediately. 405 00:23:57,720 --> 00:24:01,200 Speaker 1: So this is politics. But uh, for Graham, he cited 406 00:24:01,240 --> 00:24:04,000 Speaker 1: the Kavanaugh hearings is something that is sort of kind 407 00:24:04,040 --> 00:24:07,000 Speaker 1: of radicalized him to an extent, for lack of a 408 00:24:07,040 --> 00:24:09,399 Speaker 1: better term, is where he felt that, you know, if 409 00:24:09,440 --> 00:24:12,760 Speaker 1: Democrats were in this situation, they would you know, quote 410 00:24:12,800 --> 00:24:15,760 Speaker 1: unquote break precedent and move forward with this if the 411 00:24:15,760 --> 00:24:17,679 Speaker 1: shoe was on the other foot, he said in a statement. 412 00:24:17,800 --> 00:24:20,160 Speaker 1: So I think for Graham, you know, he's obviously got 413 00:24:20,160 --> 00:24:23,720 Speaker 1: a tough re election fight. This is something that the 414 00:24:23,760 --> 00:24:27,560 Speaker 1: base wants as well, and so I think for him, 415 00:24:27,640 --> 00:24:31,520 Speaker 1: he believed he really obviously, I think everybody remembers his uh, 416 00:24:31,680 --> 00:24:35,320 Speaker 1: his speech at the Kavanaugh hearing where he went off 417 00:24:35,359 --> 00:24:38,120 Speaker 1: on Democrats for the what he thought to be a 418 00:24:38,160 --> 00:24:40,919 Speaker 1: smear of Justice Kavanaugh during that process. And so I 419 00:24:40,920 --> 00:24:43,199 Speaker 1: think that he's he's made clear that is that has 420 00:24:43,240 --> 00:24:46,320 Speaker 1: sort of influenced this decision, the way Democrats have buddied 421 00:24:46,359 --> 00:24:49,280 Speaker 1: up the judicial confirmation process. Garrett Entry is with us. 422 00:24:49,320 --> 00:24:51,560 Speaker 1: I only have him for two more questions because he's very, 423 00:24:51,640 --> 00:24:54,560 Speaker 1: very busy, especially on a week like this. So Garrett, uh, 424 00:24:54,760 --> 00:24:57,160 Speaker 1: you know, and when you're talking two members, when you're 425 00:24:57,200 --> 00:25:00,639 Speaker 1: talking to senior staffers of the Senate Judiciary, can Mandy 426 00:25:01,040 --> 00:25:04,359 Speaker 1: you know you here And I really, as a reporter, 427 00:25:04,480 --> 00:25:07,440 Speaker 1: don't like to go the hypothetical route. But Senator Ted Cruz, 428 00:25:07,480 --> 00:25:10,280 Speaker 1: a Republican from Texas, speaking on Fox over the weekend, 429 00:25:10,600 --> 00:25:13,960 Speaker 1: as well as in his social media posts raising the 430 00:25:14,080 --> 00:25:18,360 Speaker 1: issue that we're headed for a mail in ballot election. 431 00:25:19,000 --> 00:25:21,560 Speaker 1: Every every side agrees the increase in mail in ballots. 432 00:25:22,040 --> 00:25:25,000 Speaker 1: There is a there is a possibility that the Supreme 433 00:25:25,040 --> 00:25:30,480 Speaker 1: Court could have a case on its hand akin to 434 00:25:30,640 --> 00:25:34,280 Speaker 1: two thousands, the two thousand election, And he's making the 435 00:25:34,280 --> 00:25:36,080 Speaker 1: case that that that the bench has to be full, 436 00:25:36,119 --> 00:25:37,879 Speaker 1: that we can't have a uh you know, and and 437 00:25:38,640 --> 00:25:41,760 Speaker 1: an eight member court with with so much at stake, 438 00:25:42,160 --> 00:25:45,080 Speaker 1: no matter what side you're on, Can you just inject 439 00:25:45,240 --> 00:25:47,520 Speaker 1: that into this conversation? Is that what is there? Is 440 00:25:47,560 --> 00:25:51,240 Speaker 1: that a real concern that Republicans are talking about? What 441 00:25:51,400 --> 00:25:53,719 Speaker 1: I you know, that that's something that Center Cruz has 442 00:25:53,720 --> 00:25:57,119 Speaker 1: been very vocal about, and he raises a very interesting 443 00:25:57,119 --> 00:25:59,879 Speaker 1: issue with you know, if it does go down, and 444 00:25:59,880 --> 00:26:02,960 Speaker 1: I seen reporting and other news outlets and other folks 445 00:26:02,960 --> 00:26:06,720 Speaker 1: who really I'm not a melon ballot expert by any means, 446 00:26:06,720 --> 00:26:10,240 Speaker 1: but it seems that, you know, there's a possibility that 447 00:26:10,560 --> 00:26:13,840 Speaker 1: maybe the president wins on election night and then there's 448 00:26:13,840 --> 00:26:16,639 Speaker 1: a slew of ballots that come on later and makes 449 00:26:16,640 --> 00:26:21,760 Speaker 1: the election tighter or uh, you know, uh, former Vice 450 00:26:21,760 --> 00:26:24,680 Speaker 1: President Biden maybe is even declared the winner, and there's 451 00:26:24,720 --> 00:26:29,880 Speaker 1: a contentious battle over who you know, what the votes say, 452 00:26:30,320 --> 00:26:32,800 Speaker 1: the accuracy of the vote count, et cetera. You know, 453 00:26:32,840 --> 00:26:36,200 Speaker 1: that could just like with Bush b Gore, UH, back 454 00:26:36,200 --> 00:26:39,480 Speaker 1: in the two thousand election, that could maybe be something 455 00:26:39,520 --> 00:26:42,080 Speaker 1: that goes up to the Court, depending on certain states 456 00:26:42,119 --> 00:26:45,359 Speaker 1: and the number of ballots. So I think sendor Cruz 457 00:26:45,400 --> 00:26:47,800 Speaker 1: raises an interesting point. I haven't looked too much into it. 458 00:26:48,800 --> 00:26:52,119 Speaker 1: Most people are focused more on the Republicans are mostly 459 00:26:52,160 --> 00:26:54,520 Speaker 1: focused on the process, getting the vote, seeing how they 460 00:26:54,520 --> 00:26:56,800 Speaker 1: can move forward. It was a final question for you, 461 00:26:56,920 --> 00:26:59,520 Speaker 1: just speaking of that process. I mean, I remember covering 462 00:26:59,560 --> 00:27:03,800 Speaker 1: the Cabinet confirmation UH hearings and and the proceedings, and 463 00:27:03,800 --> 00:27:06,720 Speaker 1: and speaking with people like you and and and other 464 00:27:07,359 --> 00:27:09,959 Speaker 1: UH folks who are opposing his nomination and people like 465 00:27:10,000 --> 00:27:13,200 Speaker 1: you who were in favor of it, and just the intensity, 466 00:27:13,480 --> 00:27:18,199 Speaker 1: the intensity folks around a Supreme Court pick. You know, 467 00:27:18,280 --> 00:27:20,439 Speaker 1: just all you had to do was stand on the 468 00:27:20,440 --> 00:27:22,359 Speaker 1: steps of the Supreme Court over the weekend when you 469 00:27:22,400 --> 00:27:25,240 Speaker 1: had Senator Elizabeth Warren vowing to fight the nomination, and 470 00:27:25,320 --> 00:27:28,080 Speaker 1: every twist and turn or you had hundreds of people 471 00:27:28,480 --> 00:27:33,160 Speaker 1: paying their respects to RBG. You had people channing, uh 472 00:27:33,440 --> 00:27:36,680 Speaker 1: you know, at President Trump's rallies over the weekend to 473 00:27:37,000 --> 00:27:40,240 Speaker 1: fill the seat, fill the seat, they were tweeting. I mean, 474 00:27:40,359 --> 00:27:43,840 Speaker 1: this is that you couldn't with the clock taking down 475 00:27:43,840 --> 00:27:48,399 Speaker 1: to the November three elections. I just stunned that this 476 00:27:48,520 --> 00:27:53,240 Speaker 1: country could during the day be tuning into confirmation hearings 477 00:27:53,240 --> 00:27:57,560 Speaker 1: before the Senate Judiciary Committee, and then that evening be 478 00:27:57,640 --> 00:28:02,399 Speaker 1: tuning into a presidential debate. Wow. Yeah, I mean this 479 00:28:02,480 --> 00:28:04,359 Speaker 1: is an interesting time for the country. And let me 480 00:28:04,400 --> 00:28:06,600 Speaker 1: just say obviously, you know, our thoughts and prayers are 481 00:28:06,640 --> 00:28:09,880 Speaker 1: with you know, Justice Gainford's family. She was a trailblazer 482 00:28:09,880 --> 00:28:12,120 Speaker 1: and a tough woman, would be cancer so many times. 483 00:28:12,160 --> 00:28:16,960 Speaker 1: So it's a tremendous loss for this country. But um, yeah, 484 00:28:17,000 --> 00:28:18,119 Speaker 1: I mean you've got it. We're in the middle of 485 00:28:18,119 --> 00:28:21,160 Speaker 1: a pandemic, the middle of a presidential election. You've got 486 00:28:21,160 --> 00:28:24,440 Speaker 1: protests and riots in the streets as well. Uh, there's 487 00:28:24,480 --> 00:28:27,320 Speaker 1: a lot of you know, unrest here, and you know, 488 00:28:27,359 --> 00:28:30,600 Speaker 1: but just from that and I don't mean interrupt you, 489 00:28:30,880 --> 00:28:32,280 Speaker 1: and I know I gotta let you go, but just 490 00:28:32,320 --> 00:28:35,440 Speaker 1: from a practical standpoint, as someone who's a communications advisors, 491 00:28:35,440 --> 00:28:37,919 Speaker 1: did these folks, how do you balance that? How do 492 00:28:38,000 --> 00:28:41,880 Speaker 1: you balance pushing through a nomina nomination at a time 493 00:28:41,880 --> 00:28:44,600 Speaker 1: when there's a presidential election going on? Would that change 494 00:28:44,600 --> 00:28:47,320 Speaker 1: your strategy in any way where there's down ballot races 495 00:28:47,360 --> 00:28:49,800 Speaker 1: going on? Would that change your strategy in any way 496 00:28:50,480 --> 00:28:53,840 Speaker 1: for for folks like you, No, I mean, I think 497 00:28:53,920 --> 00:28:56,080 Speaker 1: for what you have to look at is you've got 498 00:28:56,080 --> 00:28:59,400 Speaker 1: to look at precedent. There's been uh, like I said, 499 00:28:59,400 --> 00:29:02,440 Speaker 1: there's been Supreme Court vacancies that have that have happened 500 00:29:02,520 --> 00:29:04,880 Speaker 1: during the election year and have been filled when the 501 00:29:05,360 --> 00:29:08,000 Speaker 1: when the same party occupies both the White House and 502 00:29:08,080 --> 00:29:11,200 Speaker 1: the Senate. So that's there's precedent for this. Obviously, it's 503 00:29:11,240 --> 00:29:14,160 Speaker 1: a uh, it's an interesting time in the country. There's 504 00:29:14,200 --> 00:29:16,560 Speaker 1: a lot going on with the pandemic, et cetera. But 505 00:29:16,600 --> 00:29:19,160 Speaker 1: I think Republicans you need to try and do your 506 00:29:19,160 --> 00:29:21,880 Speaker 1: best to to go through the process fully, to VT 507 00:29:21,880 --> 00:29:25,240 Speaker 1: the nominee fully, to have a strong and fair hearing, 508 00:29:25,600 --> 00:29:28,960 Speaker 1: and you know, um Vender McConnell's made clear that there's 509 00:29:29,000 --> 00:29:30,760 Speaker 1: gonna be an up and down vote at some point here. 510 00:29:30,800 --> 00:29:32,560 Speaker 1: We don't know what that is. And I think all 511 00:29:32,600 --> 00:29:36,520 Speaker 1: you can do is message that nominees qualifications, their background, 512 00:29:37,000 --> 00:29:39,040 Speaker 1: and I hope if you're a Republican you can get 513 00:29:39,080 --> 00:29:40,760 Speaker 1: them through at the end of the day. Al Right, 514 00:29:40,800 --> 00:29:44,080 Speaker 1: Garrett Venture, thanks for saying late for me. That's Garrett Venture. 515 00:29:44,080 --> 00:29:47,200 Speaker 1: He's a former senior communications advisor to Senate Judiciary Republicans. 516 00:29:47,560 --> 00:29:52,760 Speaker 1: He's worked on the nomination process for Republican nominations. Uh 517 00:29:52,840 --> 00:29:55,320 Speaker 1: for for this president. Thank you to Garrett. Now just 518 00:29:55,360 --> 00:29:57,040 Speaker 1: to reset here, my name is Kevin Cereli. I'm the 519 00:29:57,080 --> 00:30:01,120 Speaker 1: chief Washington correspondent for Bloomberg Television and for Bloomberg Radio. 520 00:30:01,280 --> 00:30:04,600 Speaker 1: We just heard from the headline crossing the Bloomberg terminal 521 00:30:04,680 --> 00:30:09,560 Speaker 1: that Amy Coney Barrett is who President Trump is moving 522 00:30:09,640 --> 00:30:13,360 Speaker 1: toward nominating to replace rb G on the Supreme Court. 523 00:30:13,760 --> 00:30:18,600 Speaker 1: This according to people familiar with the matter. Um her 524 00:30:18,600 --> 00:30:20,760 Speaker 1: supporters have pointed out to the White House that she 525 00:30:20,960 --> 00:30:24,720 Speaker 1: is a Midwestern Catholic and she may help the President 526 00:30:24,760 --> 00:30:27,200 Speaker 1: secure votes for his re election and the vital rust 527 00:30:27,240 --> 00:30:31,880 Speaker 1: belt in Great Lakes States, where he currently trails Democratic 528 00:30:31,920 --> 00:30:35,040 Speaker 1: candidate Joe Biden. And in fact, just within the last 529 00:30:35,040 --> 00:30:37,520 Speaker 1: ten minutes of Routers Ipsos poll came out that has 530 00:30:37,560 --> 00:30:42,080 Speaker 1: Biden beating Trump in Wisconsin forty percent to forty three percent, 531 00:30:42,200 --> 00:30:45,160 Speaker 1: but it's neck and neck in Pennsylvania. Biden ahead of 532 00:30:45,160 --> 00:30:50,640 Speaker 1: Trump in Pennsylvania forty six percent. Obviously, these polls weren't 533 00:30:50,640 --> 00:30:56,720 Speaker 1: taken before before the tragic passing of RBG On Friday, 534 00:30:57,000 --> 00:30:59,640 Speaker 1: Garrett mentioned Senate Majority Leader miss McConnell. Let's play a 535 00:30:59,640 --> 00:31:01,960 Speaker 1: little bit of what we heard from Senate Majority Leader 536 00:31:02,000 --> 00:31:05,640 Speaker 1: Mitch McConnell earlier today on the Senate floor. Here's the 537 00:31:05,680 --> 00:31:09,040 Speaker 1: Senate Majority Leader talking about a likely or talking about 538 00:31:09,080 --> 00:31:12,360 Speaker 1: moving the process along. Here he is President Trump's nominated 539 00:31:12,400 --> 00:31:15,800 Speaker 1: for this vacancy, will receive a vote on the floor 540 00:31:15,840 --> 00:31:18,959 Speaker 1: of the Senate. And then he went on to say 541 00:31:18,960 --> 00:31:22,520 Speaker 1: that he believes that there is precedent in order to 542 00:31:22,640 --> 00:31:25,480 Speaker 1: have this vote, and that there is precedent to move 543 00:31:25,560 --> 00:31:28,240 Speaker 1: forward with this process. Here he is again some of 544 00:31:28,240 --> 00:31:33,480 Speaker 1: the same individuals who tried every conceivable dirty trick to 545 00:31:33,600 --> 00:31:39,440 Speaker 1: obstruct Justice Corsage and Justice Kavanaugh are lining up, lining 546 00:31:39,520 --> 00:31:42,880 Speaker 1: up to proclaim the third time will be the charm. 547 00:31:43,120 --> 00:31:45,440 Speaker 1: I want to welcome now to the programs ug High. 548 00:31:45,480 --> 00:31:48,200 Speaker 1: He is a senior vice president of media at Craft 549 00:31:48,280 --> 00:31:51,000 Speaker 1: Media and Digital. He is also the former deputy chief 550 00:31:51,000 --> 00:31:54,080 Speaker 1: of staff to former House Majority Leader Eric Cancer and 551 00:31:54,200 --> 00:31:58,880 Speaker 1: Kevin Walling, a Democratic strategist at HG Creative Media. Kevin, 552 00:31:58,920 --> 00:32:01,680 Speaker 1: we just saw the battleground polls. We know the background 553 00:32:02,200 --> 00:32:05,840 Speaker 1: of Judge Amy Comy Barrett. How is this go to 554 00:32:06,000 --> 00:32:11,800 Speaker 1: pick gonna shake up the boy? That's really the question, keV, 555 00:32:11,960 --> 00:32:13,960 Speaker 1: in all of this, it's great to be with you. Um, 556 00:32:14,000 --> 00:32:16,320 Speaker 1: I think all evidence and again you point to the 557 00:32:16,360 --> 00:32:20,680 Speaker 1: story now across the terminal, uh, is that the president 558 00:32:20,720 --> 00:32:23,040 Speaker 1: is moving in the direction of Amy Comy Barrett. Uh. 559 00:32:23,320 --> 00:32:25,640 Speaker 1: She has been on record saying that that is who 560 00:32:25,680 --> 00:32:29,840 Speaker 1: he wants for RBG seats should that have become open 561 00:32:29,920 --> 00:32:31,600 Speaker 1: over the last couple of years, and that he was 562 00:32:31,640 --> 00:32:36,000 Speaker 1: saving her for that seat. Of course, the Democrats are 563 00:32:36,000 --> 00:32:38,520 Speaker 1: going to fight tooth And now you spoke of Elizabeth 564 00:32:38,520 --> 00:32:40,880 Speaker 1: Warren last night or the night before on the steps 565 00:32:40,880 --> 00:32:43,440 Speaker 1: of the Supreme Court talking about taking the fight to 566 00:32:43,640 --> 00:32:46,840 Speaker 1: any potential nominee over these next forty four days. But 567 00:32:46,920 --> 00:32:48,720 Speaker 1: I think you know, the amazing thing to me is 568 00:32:48,760 --> 00:32:52,040 Speaker 1: that for millions of Americans, half of Americans in these states, 569 00:32:52,160 --> 00:32:56,400 Speaker 1: election day was today yesterday, it's tomorrow because voting is 570 00:32:56,400 --> 00:32:59,239 Speaker 1: already underway in half the states in this country. And 571 00:32:59,280 --> 00:33:02,280 Speaker 1: this is never before in this country has we've seen, 572 00:33:02,840 --> 00:33:06,400 Speaker 1: like you said, a president'sill debate at nine o'clock that 573 00:33:06,400 --> 00:33:09,280 Speaker 1: that evening, followed by a confirmation hearing the next morning 574 00:33:09,360 --> 00:33:14,160 Speaker 1: or the morning of that debate. Territory, it's this new 575 00:33:14,280 --> 00:33:16,560 Speaker 1: territory for all of us. And I think you saw 576 00:33:16,920 --> 00:33:19,680 Speaker 1: Vice President Biden give a speech yesterday and Philadelphia at 577 00:33:19,720 --> 00:33:22,800 Speaker 1: the Constitution Center saying, let's hit the brakes on this, 578 00:33:22,880 --> 00:33:25,880 Speaker 1: let's adhere to the McConnell rule and not tamper with 579 00:33:25,960 --> 00:33:28,960 Speaker 1: this seat just forty four days out from this election. Look, 580 00:33:28,960 --> 00:33:32,240 Speaker 1: I'm not saying, like you know, one side's gonna say 581 00:33:32,400 --> 00:33:34,280 Speaker 1: push the process through, the other side it's gonna say 582 00:33:34,320 --> 00:33:37,160 Speaker 1: not so fast. But either way, this is neutral. It 583 00:33:37,320 --> 00:33:42,320 Speaker 1: is remarkable, remarkable to see these two events. Supreme Court 584 00:33:42,360 --> 00:33:46,360 Speaker 1: pick a presidential election on a collision course. Doug High, 585 00:33:46,400 --> 00:33:48,600 Speaker 1: I mean these are on a collision course. And really 586 00:33:48,600 --> 00:33:52,840 Speaker 1: it's going to mobilize both bases. Yeah, ultimately, it's it's 587 00:33:52,840 --> 00:33:56,080 Speaker 1: going to be fascinating to watch, especially the debates, as 588 00:33:56,160 --> 00:33:59,120 Speaker 1: was just mentioned. But the impact that this will have 589 00:33:59,320 --> 00:34:02,120 Speaker 1: on the election in itself, well, I think certainly more 590 00:34:02,160 --> 00:34:04,720 Speaker 1: fuel to the fire, and especially if that fuel is 591 00:34:04,760 --> 00:34:08,239 Speaker 1: fundraising money. UM ultimately may not have much of an 592 00:34:08,239 --> 00:34:11,720 Speaker 1: impact directly on voters, not just because people are already 593 00:34:11,800 --> 00:34:14,520 Speaker 1: voting in some important states, but if you look at 594 00:34:14,520 --> 00:34:18,239 Speaker 1: the number of undecided voters today compared to four years ago, 595 00:34:18,520 --> 00:34:21,880 Speaker 1: there's half as many undecided voters this time around is 596 00:34:21,960 --> 00:34:24,879 Speaker 1: last time around, so that the universal voters who will 597 00:34:24,920 --> 00:34:27,360 Speaker 1: be swayed by this is much smaller. You know, it's 598 00:34:27,520 --> 00:34:30,839 Speaker 1: and and it's so smaller, and everyone's fired up. I mean, 599 00:34:30,880 --> 00:34:34,160 Speaker 1: it's you can't even go to your your sister's birthday 600 00:34:34,160 --> 00:34:38,120 Speaker 1: party without people, happy late birthday, without people, you know, 601 00:34:38,360 --> 00:34:41,880 Speaker 1: I mean, it's it's toxic. It's political toxicity. Take a 602 00:34:41,880 --> 00:34:45,959 Speaker 1: listen to Senator Dick Durbin of Illinois, who accused Republicans 603 00:34:46,080 --> 00:34:49,920 Speaker 1: of hypocrisy. Here he is, here's Dick Durbin the hypocrisy 604 00:34:50,040 --> 00:34:53,319 Speaker 1: behind this, and it should be humiliating to all of 605 00:34:53,360 --> 00:34:56,960 Speaker 1: the Republican senators who joined McConnell four years ago and 606 00:34:57,000 --> 00:35:00,440 Speaker 1: pledged they'd never do this ever, do this in future, 607 00:35:00,760 --> 00:35:04,080 Speaker 1: and now he's asking them to reverse themselves. Doug, I know, 608 00:35:04,200 --> 00:35:06,480 Speaker 1: Kevin's just gonna echo that. And I say that because 609 00:35:06,480 --> 00:35:08,680 Speaker 1: you're both in your both in your respective camp. So 610 00:35:08,719 --> 00:35:10,400 Speaker 1: I want to put the question to you, how do 611 00:35:10,480 --> 00:35:12,880 Speaker 1: Republicans We've all seen it on the on the social 612 00:35:12,880 --> 00:35:17,160 Speaker 1: media feeds, how do Republicans respond to those accusations coming 613 00:35:17,200 --> 00:35:21,920 Speaker 1: from Democrats of hypocrisy. They don't. It is hypocritical, but 614 00:35:21,920 --> 00:35:24,840 Speaker 1: they're going to move forward. And Garrett mentioned this earlier 615 00:35:24,840 --> 00:35:27,160 Speaker 1: Democrats four years ago. So we have to have somebody 616 00:35:27,160 --> 00:35:30,240 Speaker 1: and announcing we can't have anyone. I'm reminded of Michael 617 00:35:30,280 --> 00:35:33,759 Speaker 1: Corleone who said the Senator Pat Geary, we're both part 618 00:35:33,800 --> 00:35:38,040 Speaker 1: of the same hypocrisy. Senator, this is politics. We know that. 619 00:35:38,200 --> 00:35:39,719 Speaker 1: And so it would be a mistake to think that 620 00:35:39,760 --> 00:35:42,160 Speaker 1: anybody would be playing beam back right now. Yeah, you know, 621 00:35:42,239 --> 00:35:45,080 Speaker 1: you know who told me that, Doug High Roger Stone, 622 00:35:45,280 --> 00:35:46,640 Speaker 1: he told looked me right in the eyes, and I 623 00:35:46,640 --> 00:35:48,920 Speaker 1: was writing an article and he said, politics ain't beam bag. 624 00:35:49,120 --> 00:35:50,560 Speaker 1: It's one of those quotes. You know, it's like it's 625 00:35:50,600 --> 00:35:53,760 Speaker 1: like dug into your mind. Kevin Walling. I mean, but 626 00:35:53,760 --> 00:35:56,080 Speaker 1: but but you know, let me I say this, you know, 627 00:35:56,200 --> 00:35:58,720 Speaker 1: now to to to flip it. What do you say 628 00:35:58,760 --> 00:36:02,080 Speaker 1: to two Republicans, who are are you absolutely nuts? If 629 00:36:02,080 --> 00:36:04,439 Speaker 1: Democrats were, if the shoe was on the other foot, 630 00:36:04,480 --> 00:36:08,560 Speaker 1: Democrats would absolutely do this. Yeah, it's probably true. I mean, 631 00:36:08,600 --> 00:36:11,880 Speaker 1: you're you're having really seen a conversation with you know, 632 00:36:12,000 --> 00:36:13,960 Speaker 1: you know, we got both of you on the record 633 00:36:14,000 --> 00:36:17,400 Speaker 1: saying that I feel like I did my job. Republicans 634 00:36:17,719 --> 00:36:21,239 Speaker 1: have flipped our positions on this completely. Uh you know. 635 00:36:21,320 --> 00:36:23,799 Speaker 1: And again, as Lindsey Graham wrote in this letter to 636 00:36:23,920 --> 00:36:26,880 Speaker 1: his Judiciary Committee Democratic colleague, if his shoes on the 637 00:36:26,880 --> 00:36:28,600 Speaker 1: other but you probably would have moved forward with this. 638 00:36:28,680 --> 00:36:31,120 Speaker 1: But again, you know, we're we're living in in this 639 00:36:31,200 --> 00:36:36,040 Speaker 1: world with all of these Republican senators with tapes, multiple 640 00:36:36,080 --> 00:36:38,719 Speaker 1: tapes saying we will not here, uh you know. And 641 00:36:38,760 --> 00:36:41,319 Speaker 1: again Lindsay Graham and the Senate Judiciary communities, we will 642 00:36:41,360 --> 00:36:44,280 Speaker 1: not even entertain any kind of nominee in the final 643 00:36:44,360 --> 00:36:46,719 Speaker 1: year of the Trump presidency. And of course you know 644 00:36:46,719 --> 00:36:49,600 Speaker 1: they're backtracking on that, and to Dos pointed to power play, right. 645 00:36:49,640 --> 00:36:52,360 Speaker 1: I mean, Vitch McConnell knows where's caucuses. This is his 646 00:36:52,480 --> 00:36:55,719 Speaker 1: driving ambition is to stack the court with his many 647 00:36:55,760 --> 00:36:58,279 Speaker 1: nominees as possible. He calls back the Senate not to 648 00:36:58,320 --> 00:37:01,080 Speaker 1: take up a COVID relief and match what the House 649 00:37:01,120 --> 00:37:03,719 Speaker 1: has done and at least get us the Conference Committee. 650 00:37:03,800 --> 00:37:06,160 Speaker 1: But he's gonna force this vote on on on this 651 00:37:06,239 --> 00:37:09,240 Speaker 1: judiciary because that's, you know, been their singular for focus. 652 00:37:09,239 --> 00:37:11,279 Speaker 1: And I gotta you know that you gotta show some 653 00:37:11,320 --> 00:37:13,200 Speaker 1: respect for that and that he knows how to play 654 00:37:13,239 --> 00:37:16,359 Speaker 1: the game and this is his animating issue. Yeah, well, 655 00:37:16,360 --> 00:37:20,080 Speaker 1: he definitely both Speaker Pelosi and Leader McConnell know how 656 00:37:20,080 --> 00:37:22,960 Speaker 1: to play the political Washington game. You know. One of 657 00:37:22,960 --> 00:37:26,600 Speaker 1: the my favorite things that I read today from Secretary Scalia, 658 00:37:26,800 --> 00:37:30,319 Speaker 1: the Labor Secretary Eugene Scalia, writing in the in the 659 00:37:31,000 --> 00:37:36,440 Speaker 1: in the Washington Post about his now late father, Justice 660 00:37:36,680 --> 00:37:41,680 Speaker 1: Antonin Scalia, uh and the friendship that Justice Scalia had 661 00:37:41,719 --> 00:37:45,200 Speaker 1: with Supreme Court Justice Ruth Bader Ginsberg. And yeah, you know, 662 00:37:45,640 --> 00:37:47,319 Speaker 1: the three of us are sitting here and we're talking 663 00:37:47,360 --> 00:37:49,000 Speaker 1: about the politics and if the shoe was on the 664 00:37:49,040 --> 00:37:51,279 Speaker 1: other foot and whatnot. But I thought this op ed 665 00:37:51,320 --> 00:37:56,279 Speaker 1: really really did capture some of the the optimism still 666 00:37:56,320 --> 00:37:58,719 Speaker 1: that exists in our country and in an institution like 667 00:37:58,760 --> 00:38:03,120 Speaker 1: the Supreme Supreme Court. And he writes, quote like many 668 00:38:03,160 --> 00:38:06,960 Speaker 1: good friendships. The Ginsburg Scalia friendship was between couples my 669 00:38:07,080 --> 00:38:10,680 Speaker 1: father and my extraordinary mother and Justice Ginsburg and Marty. 670 00:38:10,800 --> 00:38:14,279 Speaker 1: One of the rewards of the two recent movies about 671 00:38:14,320 --> 00:38:17,000 Speaker 1: Justice Ginsburg is the light they shine on her husband 672 00:38:17,040 --> 00:38:19,880 Speaker 1: as humor and intelligence and his powerful love and dedication 673 00:38:19,920 --> 00:38:23,359 Speaker 1: to his wife. He was a cherished friend for my mother. 674 00:38:23,440 --> 00:38:28,239 Speaker 1: And then he goes on to right. Uh that in 675 00:38:28,239 --> 00:38:30,720 Speaker 1: that spirit, it's often remarked today that if our government 676 00:38:30,800 --> 00:38:33,680 Speaker 1: leaders spent more time together, they would come to like 677 00:38:33,840 --> 00:38:37,120 Speaker 1: and respect one another, be more civil, and achieve consensus, 678 00:38:37,160 --> 00:38:40,759 Speaker 1: harmony and wondrous legislation. I like it. I'll get off 679 00:38:40,760 --> 00:38:42,600 Speaker 1: my soapbox now. But it's a good op ed if 680 00:38:42,600 --> 00:38:44,360 Speaker 1: you if you want to go check it out. I 681 00:38:44,360 --> 00:38:47,240 Speaker 1: know everyone's all heightened. Forty plus days out until the election. 682 00:38:47,200 --> 00:38:49,359 Speaker 1: All right, two minutes left, two minute warning, uh for 683 00:38:49,400 --> 00:38:51,040 Speaker 1: these for this panel and coming up, we check in 684 00:38:51,040 --> 00:38:54,720 Speaker 1: with Congressman Judy Chew about the process. Doug Kevin, what 685 00:38:55,320 --> 00:38:57,560 Speaker 1: does this take out all the oxygen of the room 686 00:38:57,560 --> 00:39:01,840 Speaker 1: of getting fiscal stimulus before election day? Quickly? Dug? It 687 00:39:01,960 --> 00:39:04,640 Speaker 1: makes it much more harder. Nancy Pelosi doesn't want to 688 00:39:04,640 --> 00:39:06,640 Speaker 1: cut a deal with Mitch McConnell if he's going to 689 00:39:06,760 --> 00:39:09,520 Speaker 1: do something that she obviously opposes in the most perfect 690 00:39:09,520 --> 00:39:14,759 Speaker 1: way possible. But Kevin Walling, yeah, I mean completely, you know, 691 00:39:14,800 --> 00:39:18,800 Speaker 1: I think the sentences out obviously singularly focused on moving 692 00:39:18,800 --> 00:39:20,879 Speaker 1: a bill that will keep the government funded while at 693 00:39:20,880 --> 00:39:24,799 Speaker 1: the same time moving forward with this nomination any other consideration. 694 00:39:25,080 --> 00:39:26,640 Speaker 1: I think he's going to fall by the wayside or 695 00:39:26,680 --> 00:39:29,560 Speaker 1: these next forty plus days. And it was just a 696 00:39:29,680 --> 00:39:32,640 Speaker 1: dizzying day on Wall Street because stocks paired losses as 697 00:39:32,680 --> 00:39:35,960 Speaker 1: a rebound and some tech giants tempered concern over cloudy 698 00:39:36,000 --> 00:39:41,279 Speaker 1: prospects for economic stimulus and that report about suspicious transactions 699 00:39:41,280 --> 00:39:45,920 Speaker 1: at global banks. So another interesting day for the Street. 700 00:39:45,960 --> 00:39:48,320 Speaker 1: At a course for Washington, Doug high S, VP of 701 00:39:48,680 --> 00:39:52,200 Speaker 1: Media at Craft Media and Digital, Thank you Doug for 702 00:39:52,280 --> 00:39:55,120 Speaker 1: joining us. And Kevin Walling, Democratic strategist at h G 703 00:39:55,719 --> 00:39:58,080 Speaker 1: Creative Media. Too short today, gentlemen, thank you so much 704 00:39:58,280 --> 00:40:01,000 Speaker 1: for joining us. Coming up, we head to Capitol Hill 705 00:40:01,000 --> 00:40:04,120 Speaker 1: and we check in with Congresswoman Judy Chew. I'm Kevin 706 00:40:04,160 --> 00:40:08,960 Speaker 1: CURRELLI Chief Washington correspondent for Bloomberg Television and for Bloomberg Radio. 707 00:40:09,280 --> 00:40:12,359 Speaker 1: Download the Bloomberg Sound On podcast on Apple iTunes, at 708 00:40:12,360 --> 00:40:15,399 Speaker 1: Bloomberg dot com or by downloading the Bloomberg Business App. 709 00:40:15,440 --> 00:40:18,440 Speaker 1: You can also find me on radio dot com UH, 710 00:40:18,560 --> 00:40:21,319 Speaker 1: as well as your radio app and wherever you get 711 00:40:21,400 --> 00:40:25,279 Speaker 1: your Bloomberg. That's coming up next. This is Bloomberg Want. 712 00:40:27,640 --> 00:40:32,200 Speaker 1: This is Bloomberg Sound On with Kevin Surreley on Bloomberg 713 00:40:33,360 --> 00:40:35,719 Speaker 1: and one or five point seven f m h D two. 714 00:40:36,680 --> 00:40:39,279 Speaker 1: My name is Kevin Surreley. I'm the chief Washington correspondent 715 00:40:39,400 --> 00:40:42,480 Speaker 1: for Bloomberg Television and for Bloomberg Radio. You know, regardless 716 00:40:43,480 --> 00:40:46,040 Speaker 1: regardless of which party you're in or what you think 717 00:40:47,120 --> 00:40:50,480 Speaker 1: of the current state of political affairs, there's no denying 718 00:40:51,520 --> 00:40:56,120 Speaker 1: the indelible mark that now the late Justice Ruth Bader 719 00:40:56,200 --> 00:41:01,840 Speaker 1: Ginsberg has left h on our nation's history. And I 720 00:41:01,840 --> 00:41:07,759 Speaker 1: don't use those words lately, our country's history. Congresswoman Judy 721 00:41:07,800 --> 00:41:12,200 Speaker 1: Chew is a Democrat representing the District of California. Congresswoman, 722 00:41:12,239 --> 00:41:16,439 Speaker 1: as as you as you try to put in perspective 723 00:41:17,040 --> 00:41:21,440 Speaker 1: the mark that RBG has left, what comes to mind. 724 00:41:23,840 --> 00:41:30,000 Speaker 1: She's had such a profound impact on women's rights, on 725 00:41:30,280 --> 00:41:36,640 Speaker 1: equal rights. UH. She is the one that has led 726 00:41:36,680 --> 00:41:41,319 Speaker 1: the way for human rights in this country. And she 727 00:41:41,360 --> 00:41:45,360 Speaker 1: has been a tremendous role model and an inspiration, you know. 728 00:41:45,440 --> 00:41:50,440 Speaker 1: And and you know, again just her personality, you know, 729 00:41:50,520 --> 00:41:54,719 Speaker 1: her tord to force personality. Yeah, and I say it 730 00:41:54,800 --> 00:41:57,239 Speaker 1: with with respect, you know. And I think I think 731 00:41:57,360 --> 00:42:00,719 Speaker 1: everyone knows a personality like that in their life, you 732 00:42:00,800 --> 00:42:06,400 Speaker 1: know what I mean. And it was relatable, it was relatable. Congresswoman. Well, 733 00:42:06,640 --> 00:42:10,120 Speaker 1: of course, I've I've seen the documentaries on her, you know, 734 00:42:10,280 --> 00:42:15,880 Speaker 1: her interviews. She was such a low key person, and 735 00:42:15,960 --> 00:42:22,120 Speaker 1: yet she had such a voluminous effect. She was just 736 00:42:22,880 --> 00:42:29,120 Speaker 1: a giant and uh, she persisted, she spoke her mind 737 00:42:29,840 --> 00:42:34,000 Speaker 1: through all of her descents, U and U. She had 738 00:42:34,040 --> 00:42:36,640 Speaker 1: coqued so much in the face of so many obstacles, 739 00:42:36,840 --> 00:42:41,120 Speaker 1: graduating first in her class and yet being denied jobs 740 00:42:41,200 --> 00:42:44,520 Speaker 1: just because she was a woman. And yet she's one 741 00:42:44,560 --> 00:42:48,000 Speaker 1: of those women in history that has made the greatest 742 00:42:48,160 --> 00:42:52,960 Speaker 1: impact on our legal world, on on uh, the whole 743 00:42:53,040 --> 00:42:56,680 Speaker 1: system of legal rights in this country. You know, I'm 744 00:42:56,719 --> 00:42:58,480 Speaker 1: not going to tell you who, but for folks who 745 00:42:58,480 --> 00:43:00,839 Speaker 1: listen to the program regularly, you know that I come 746 00:43:00,840 --> 00:43:04,400 Speaker 1: from a very politically diverse family. I'm related to Republicans 747 00:43:04,440 --> 00:43:09,120 Speaker 1: and Democrats, Trump supporters, trip Trump critics, and one of 748 00:43:09,120 --> 00:43:12,600 Speaker 1: the Republicans said, I'll never forget. You're in the early 749 00:43:12,680 --> 00:43:16,439 Speaker 1: days of all of the shutdowns, the pandemic. They said 750 00:43:16,480 --> 00:43:18,760 Speaker 1: to me, Uh, you know, I was I was feeling 751 00:43:18,760 --> 00:43:22,160 Speaker 1: in my head and and this Republican that I'm related 752 00:43:22,200 --> 00:43:24,000 Speaker 1: to said to me, would you get out there and 753 00:43:24,040 --> 00:43:27,080 Speaker 1: plank like RBG? I mean, seriously, if r b G 754 00:43:27,239 --> 00:43:30,120 Speaker 1: can do a plank, keV, you can get out there 755 00:43:30,120 --> 00:43:33,400 Speaker 1: and work out. I thought, all right, one foot in 756 00:43:33,440 --> 00:43:37,279 Speaker 1: front of the other, here we go, Kevuh, alright, the 757 00:43:37,400 --> 00:43:40,560 Speaker 1: Supreme Court fight. Now it's politic sized. I mean, what 758 00:43:40,600 --> 00:43:43,600 Speaker 1: are your Democratic colleagues telling you? Do you think there's 759 00:43:43,640 --> 00:43:46,400 Speaker 1: gonna be a vote before the election or in the 760 00:43:46,480 --> 00:43:48,640 Speaker 1: lame duck? I know you don't want one, but what 761 00:43:48,680 --> 00:43:53,680 Speaker 1: do you think is actually gonna happen? What we want 762 00:43:54,400 --> 00:43:57,960 Speaker 1: Republicans to do the right thing. In two thousands sixteen, 763 00:43:58,040 --> 00:44:02,200 Speaker 1: we heard over and over again that they there should 764 00:44:02,200 --> 00:44:07,400 Speaker 1: not be a pick before the president is elected. And 765 00:44:07,640 --> 00:44:12,279 Speaker 1: that was many months before the election. Now we're we 766 00:44:12,360 --> 00:44:16,560 Speaker 1: are just around forty days before the election, and they 767 00:44:16,600 --> 00:44:19,279 Speaker 1: want to rush this through. I mean, it took them 768 00:44:19,280 --> 00:44:21,600 Speaker 1: a hundred and eighteen days just to vote on their 769 00:44:21,600 --> 00:44:26,800 Speaker 1: own on their own COVID nineteen relief bill, and to 770 00:44:27,040 --> 00:44:30,279 Speaker 1: rush through a justice in just forty days. I mean 771 00:44:30,640 --> 00:44:35,359 Speaker 1: they have to do vetting. Uh, they have to go 772 00:44:35,440 --> 00:44:38,600 Speaker 1: through all kinds of procedures. First of all, it's not 773 00:44:38,600 --> 00:44:42,680 Speaker 1: not right for the process, but also it's it's very 774 00:44:42,760 --> 00:44:46,360 Speaker 1: hypocritical considering what they said in two thousand and sixteen. 775 00:44:46,440 --> 00:44:49,600 Speaker 1: So we want them to just follow what their own 776 00:44:49,640 --> 00:44:55,000 Speaker 1: prescription was for that time and uh make it fair. 777 00:44:56,200 --> 00:45:01,480 Speaker 1: After all, it is this coming president who will determine 778 00:45:01,840 --> 00:45:04,160 Speaker 1: the future of this country, and this president certainly has 779 00:45:04,160 --> 00:45:08,400 Speaker 1: a right to choose the next Supreme Court justice congressione 780 00:45:08,440 --> 00:45:10,120 Speaker 1: trud to choose on the line. She's a Democrat from 781 00:45:10,120 --> 00:45:14,239 Speaker 1: California representing California's twenty seven congressional district. Just you know, 782 00:45:14,440 --> 00:45:17,640 Speaker 1: Speaker Pelosi openly floating out on the Sunday shows just 783 00:45:17,760 --> 00:45:21,560 Speaker 1: some of the strategy that Democrats have that House Democrats 784 00:45:21,640 --> 00:45:24,640 Speaker 1: have in terms of if they wanted to try to 785 00:45:24,800 --> 00:45:29,080 Speaker 1: delay or thwart there from being a vote in the 786 00:45:29,160 --> 00:45:32,399 Speaker 1: Upper Chamber on this. I think it was Chuck Todd 787 00:45:32,400 --> 00:45:37,239 Speaker 1: who opened or George Stefanopolis, who openly asked if impeachment 788 00:45:37,280 --> 00:45:39,319 Speaker 1: could happen again in the lame dock or if there's 789 00:45:39,320 --> 00:45:43,320 Speaker 1: other issues pertaining uh it two floor time and whatnot? 790 00:45:43,400 --> 00:45:47,480 Speaker 1: Maybe a fiscal stimulus vote? Do you have is that 791 00:45:47,520 --> 00:45:54,960 Speaker 1: being talked about amongst House Democrats? Congress Wiman Chew Well, Um, 792 00:45:55,040 --> 00:45:59,360 Speaker 1: the House hasn't gotten back together yet. Actually, the proceedings 793 00:45:59,360 --> 00:46:03,600 Speaker 1: for this week just started. Uh, so we will actually 794 00:46:03,640 --> 00:46:09,360 Speaker 1: have our first caucus uh joint call tomorrow morning, and 795 00:46:10,040 --> 00:46:13,400 Speaker 1: that is the time at which these kind of issues 796 00:46:13,880 --> 00:46:17,560 Speaker 1: will be discussed. Clearly there's room for some sort of change, 797 00:46:17,760 --> 00:46:22,439 Speaker 1: I know, but the specifics have yet to be worked out. 798 00:46:22,719 --> 00:46:25,480 Speaker 1: In the meanwhile, uh, we need to have as much 799 00:46:25,480 --> 00:46:28,839 Speaker 1: pressure on the Republicans to do the right thing and 800 00:46:28,960 --> 00:46:32,279 Speaker 1: follow what they said four years ago. And I say, 801 00:46:32,360 --> 00:46:35,200 Speaker 1: and also of course for people to get out to 802 00:46:35,280 --> 00:46:40,360 Speaker 1: vote so that they can show what they feel about 803 00:46:40,360 --> 00:46:42,560 Speaker 1: the situation. Well, and I say this respectfully, and I 804 00:46:42,640 --> 00:46:45,320 Speaker 1: don't like to go into hypotheticals, but Senator Ted Crews, 805 00:46:45,360 --> 00:46:48,600 Speaker 1: a Republican from Texas, over the weekend raising a very 806 00:46:48,640 --> 00:46:51,200 Speaker 1: real possible issue that as we have an increase in 807 00:46:51,280 --> 00:46:53,840 Speaker 1: mail in votes that this could be one of the 808 00:46:53,840 --> 00:46:58,720 Speaker 1: most litigated presidential elections and since at least since two thousand, 809 00:46:58,800 --> 00:47:01,520 Speaker 1: maybe even our nation's history. And I get that this 810 00:47:01,560 --> 00:47:04,440 Speaker 1: is a hypothetical, but are you concerned at all that 811 00:47:04,480 --> 00:47:08,200 Speaker 1: there won't be a full bench on the Supreme Court 812 00:47:09,160 --> 00:47:13,160 Speaker 1: uh in the next two or three months when there 813 00:47:13,200 --> 00:47:18,880 Speaker 1: really could be some important political cases uh that relates 814 00:47:18,880 --> 00:47:24,719 Speaker 1: to the election. Well, one thing is for sure, we 815 00:47:24,800 --> 00:47:28,360 Speaker 1: do have teams of people that are ready to take 816 00:47:28,360 --> 00:47:30,840 Speaker 1: their cases to the courts, and it's going to be 817 00:47:30,920 --> 00:47:34,880 Speaker 1: determined state by state. Now, in this context, I just 818 00:47:35,000 --> 00:47:37,840 Speaker 1: have to say that there are states that have that 819 00:47:37,920 --> 00:47:44,040 Speaker 1: have had successful vote by mail for years, and we 820 00:47:44,160 --> 00:47:48,440 Speaker 1: have states like Washington who have been doing vote by 821 00:47:48,480 --> 00:47:52,080 Speaker 1: mail for years and there's virtually no fraud. We in 822 00:47:52,160 --> 00:47:55,799 Speaker 1: California are going entirely vote by mail, but we've had 823 00:47:55,840 --> 00:47:59,000 Speaker 1: a successful vote vote by mail system. So I want 824 00:47:59,080 --> 00:48:05,279 Speaker 1: to allay anybody's fears that there is rob Nonetheless, we 825 00:48:05,320 --> 00:48:10,480 Speaker 1: know that this will be challenged in court, and UH, well, 826 00:48:10,840 --> 00:48:14,680 Speaker 1: I think that it will be in the lower courts UM, 827 00:48:15,280 --> 00:48:18,479 Speaker 1: and UH would take some time in making its way 828 00:48:19,360 --> 00:48:24,000 Speaker 1: up higher. Nonetheless, I just hope that we do have 829 00:48:24,640 --> 00:48:30,200 Speaker 1: a Supreme Court that is fairly constituted by the person 830 00:48:30,400 --> 00:48:35,920 Speaker 1: who actually is able to win the election fairly and squarely. 831 00:48:36,200 --> 00:48:38,279 Speaker 1: I cons we got a minute left today. I just 832 00:48:38,320 --> 00:48:41,880 Speaker 1: want to ask you about the fires that are ravaging 833 00:48:41,920 --> 00:48:44,600 Speaker 1: through parts of your state and can you give us 834 00:48:44,600 --> 00:48:48,720 Speaker 1: an update in terms of just where that process stands. 835 00:48:48,840 --> 00:48:53,200 Speaker 1: Of course, so many people praying for for all all 836 00:48:53,239 --> 00:48:58,360 Speaker 1: people impacted by these wildfires. Well, I am especially concerned 837 00:48:58,360 --> 00:49:02,799 Speaker 1: about it because the Bobcats fire, which is now one 838 00:49:02,800 --> 00:49:04,799 Speaker 1: of the biggest ones, actually I think it is the 839 00:49:04,840 --> 00:49:09,520 Speaker 1: biggest one ever in La County history, has grown over 840 00:49:09,560 --> 00:49:11,520 Speaker 1: the last two weeks. It went from five acres to 841 00:49:11,600 --> 00:49:15,880 Speaker 1: five hundred acres uh two hundred and three thousand acres, 842 00:49:16,239 --> 00:49:20,040 Speaker 1: and it is only fifteen percent contained. Now it's threatening 843 00:49:20,320 --> 00:49:25,560 Speaker 1: homes on the northern end and so there's been mandatory evacuations. 844 00:49:26,160 --> 00:49:31,880 Speaker 1: UM So we UH just have huge praise and admiration 845 00:49:32,000 --> 00:49:36,799 Speaker 1: for our firefighters who are up there building a strengthening 846 00:49:36,920 --> 00:49:41,319 Speaker 1: lines to protect those communities in the northern foothills. In 847 00:49:41,360 --> 00:49:45,360 Speaker 1: the meanwhile, we have to make sure that we have 848 00:49:45,800 --> 00:49:49,359 Speaker 1: a fire management plan that will prevent these far as 849 00:49:49,440 --> 00:49:52,680 Speaker 1: from accelerating in the first place, and that we deal 850 00:49:52,680 --> 00:49:56,279 Speaker 1: with climate change, cougression, and Judy to such a busy 851 00:49:56,360 --> 00:49:59,040 Speaker 1: day for you. I'm so appreciative of you calling in 852 00:49:59,120 --> 00:50:02,360 Speaker 1: to make time for this program. She's a Democrat in California. 853 00:50:02,440 --> 00:50:05,520 Speaker 1: And of course we're all thinking about the Bobcat fires 854 00:50:05,680 --> 00:50:10,759 Speaker 1: and uh A Disney day, another another massive story, never 855 00:50:10,840 --> 00:50:13,440 Speaker 1: enough time coming up. We're checking with Rick Davis. I'm 856 00:50:13,480 --> 00:50:16,120 Speaker 1: Kevin Cirelli, Chief Washington Correspondent, FRO Bloomberg TV and Radio. 857 00:50:16,160 --> 00:50:23,120 Speaker 1: This is Bloomberg. This is Bloomberg's Sound on with Kevin 858 00:50:23,160 --> 00:50:27,360 Speaker 1: Surrele on Bloomberg and one oh five point seven f 859 00:50:27,520 --> 00:50:33,200 Speaker 1: M HD two. I'm Kevin CURRELLI Chief Washington correspondent from 860 00:50:33,200 --> 00:50:35,920 Speaker 1: Bloomberg Television and from Bloomberg Radio. You know, it's been 861 00:50:35,960 --> 00:50:39,680 Speaker 1: a long couple of days here. I am trying to 862 00:50:39,719 --> 00:50:42,600 Speaker 1: catch my breath on Sunday. I'm thinking maybe Carson Wentz 863 00:50:42,640 --> 00:50:44,880 Speaker 1: will give me something to look forward to. What does 864 00:50:44,920 --> 00:50:47,720 Speaker 1: he do? He bombs? He didn't just bomb, he tanked, 865 00:50:48,239 --> 00:50:51,600 Speaker 1: total embarrassment to the city of brotherly Love. Nothing. Now 866 00:50:51,600 --> 00:50:54,279 Speaker 1: I'm owing too, you know. Now I'm going too. And 867 00:50:54,320 --> 00:50:57,319 Speaker 1: then to top it all off, I've got these staffers 868 00:50:57,840 --> 00:51:01,160 Speaker 1: from the West Coast Los Angeles, US. I couldn't even 869 00:51:01,160 --> 00:51:02,719 Speaker 1: say it to the congressman. I didn't want to get 870 00:51:03,040 --> 00:51:06,279 Speaker 1: too political. And they're texting me all see that at 871 00:51:06,320 --> 00:51:08,120 Speaker 1: the Ribs beat the Eagles. You know, I get it, 872 00:51:08,200 --> 00:51:10,680 Speaker 1: I get it, I get it. But the fill I 873 00:51:10,800 --> 00:51:14,160 Speaker 1: will say this, as I told my friend the Philadelphia 874 00:51:14,280 --> 00:51:17,839 Speaker 1: sound guy or gal who hit the boo button, there's 875 00:51:17,840 --> 00:51:20,720 Speaker 1: no fans in the stands, and Carson Wentz still managed 876 00:51:20,760 --> 00:51:23,960 Speaker 1: to get booed because of the boo button only in Philadelphia. 877 00:51:24,000 --> 00:51:26,000 Speaker 1: My name is Kevin's really, I'm the chief. Washington corresponded 878 00:51:26,000 --> 00:51:28,400 Speaker 1: from Blomberg Television and from Bloomberg Radio. I don't know 879 00:51:28,800 --> 00:51:31,400 Speaker 1: Rick Davis. Are you an Eagles fan? I take it not. 880 00:51:31,600 --> 00:51:33,960 Speaker 1: He's a partner at Stone Corps. Capital used to manage 881 00:51:34,040 --> 00:51:36,600 Speaker 1: job the late great Senator John McCain's o a presidential 882 00:51:37,800 --> 00:51:40,000 Speaker 1: After that introduction, I'm afraid to say a word. I 883 00:51:40,040 --> 00:51:43,600 Speaker 1: don't want to make you mad. You're a Cowboys fan, Oh, 884 00:51:43,680 --> 00:51:46,920 Speaker 1: definitely not. Uh. You know, I've gone through a trans transition. 885 00:51:46,960 --> 00:51:50,839 Speaker 1: I was a Redskins fan, than a Jets fan, and 886 00:51:51,040 --> 00:51:53,000 Speaker 1: now I'm a Chargers fan. So I'm an open all 887 00:51:53,040 --> 00:51:56,600 Speaker 1: of our country. How do you even how no loyalty record, 888 00:51:57,239 --> 00:52:01,200 Speaker 1: It's beyond the idea I go with whoever I can 889 00:52:01,239 --> 00:52:06,880 Speaker 1: get tickets from. Well, I don't think i'd be back 890 00:52:07,080 --> 00:52:09,600 Speaker 1: welcomed back to Delco if I over pulled that. But 891 00:52:09,680 --> 00:52:12,200 Speaker 1: it's just it's, you know what, it's been a brutal 892 00:52:13,280 --> 00:52:15,239 Speaker 1: Let's just that do's something we can all agree on, 893 00:52:15,280 --> 00:52:18,640 Speaker 1: all right. The scot Is pick. I mean, it's injected 894 00:52:18,680 --> 00:52:23,000 Speaker 1: a lot of volatility into this race, to say the obvious. 895 00:52:23,320 --> 00:52:27,160 Speaker 1: But everyone always says, oh, this is unprecedented, this is unprecedented. 896 00:52:27,160 --> 00:52:29,960 Speaker 1: We've never been here before. Is that true? Rick Davis? 897 00:52:30,480 --> 00:52:33,520 Speaker 1: Oh no, I mean I think there have been fourteen 898 00:52:34,239 --> 00:52:38,400 Speaker 1: you know, uh Supreme Court picks during election year, seven 899 00:52:38,400 --> 00:52:40,840 Speaker 1: of which actually got confirmed in that year. So I 900 00:52:40,880 --> 00:52:43,640 Speaker 1: mean this is this is not as rare as people 901 00:52:43,680 --> 00:52:46,120 Speaker 1: are making it out to be. Uh. And even in 902 00:52:46,239 --> 00:52:49,280 Speaker 1: just the last few years there this has now occurred twice. 903 00:52:49,320 --> 00:52:53,200 Speaker 1: So um uh, it comes up. It's a reality of 904 00:52:53,239 --> 00:52:55,600 Speaker 1: life and we need to deal with it. And there 905 00:52:55,640 --> 00:52:59,480 Speaker 1: are pluses and minuses. I would say this volatility has 906 00:52:59,520 --> 00:53:03,680 Speaker 1: frozen the election, which I know doesn't make any sense whatsoever, 907 00:53:04,000 --> 00:53:08,200 Speaker 1: But that's well, I mean it's and and I say 908 00:53:08,239 --> 00:53:10,759 Speaker 1: this because it's again I keep going back to what 909 00:53:10,800 --> 00:53:14,000 Speaker 1: some Republicans are saying, which is, if we have a 910 00:53:14,080 --> 00:53:17,720 Speaker 1: situation where the election case ends up at the Supreme 911 00:53:17,760 --> 00:53:21,239 Speaker 1: Court and there is not a full bench, who does 912 00:53:21,280 --> 00:53:24,680 Speaker 1: that even benefit? I mean, this could get so incredibly 913 00:53:25,480 --> 00:53:29,280 Speaker 1: crazy that it's it's hard to comprehend. And I hate 914 00:53:29,280 --> 00:53:32,719 Speaker 1: doing hypotheticals, especially as a journalist, but this is all 915 00:53:32,760 --> 00:53:36,399 Speaker 1: on a collision course. Well, I mean, it's not such 916 00:53:36,400 --> 00:53:39,400 Speaker 1: a hypothetical. You know, in our lifetime, we've already had 917 00:53:39,400 --> 00:53:42,319 Speaker 1: the Supreme Court way in on one election in you know, 918 00:53:42,360 --> 00:53:45,680 Speaker 1: two thousand and and it wouldn't be shocked to anybody 919 00:53:45,719 --> 00:53:49,960 Speaker 1: that there is a debate over who the winner is 920 00:53:50,000 --> 00:53:53,080 Speaker 1: of this election. It's I go two ways. I still 921 00:53:53,120 --> 00:53:56,440 Speaker 1: believe that there is a chance that this is a 922 00:53:57,160 --> 00:54:00,399 Speaker 1: you know, blue wave election, similar too was in an 923 00:54:00,400 --> 00:54:04,399 Speaker 1: eighteen um. But if it's not, I believe it will 924 00:54:04,440 --> 00:54:07,960 Speaker 1: be a close race. And and in that case, I 925 00:54:08,760 --> 00:54:11,040 Speaker 1: believe what Donald Trump tells us, because every time we 926 00:54:11,160 --> 00:54:15,279 Speaker 1: don't think he's being serious, we're wrong. If he he 927 00:54:15,360 --> 00:54:17,520 Speaker 1: says he's going to dispute the election, he says it's 928 00:54:17,560 --> 00:54:21,560 Speaker 1: gonna be stolen from him. And and when it's one 929 00:54:21,560 --> 00:54:23,520 Speaker 1: thing if you're a Candida saying that, it's a different 930 00:54:23,520 --> 00:54:26,279 Speaker 1: thing if you're a president saying that. Well, I mean, 931 00:54:26,360 --> 00:54:28,640 Speaker 1: and that's just what I find That's just like what 932 00:54:28,719 --> 00:54:31,920 Speaker 1: I find remarkable, Rick Davis, is that here we are, 933 00:54:31,960 --> 00:54:34,759 Speaker 1: I mean, with the Supreme Court. One day there could 934 00:54:34,760 --> 00:54:37,960 Speaker 1: be a confirmation hearing, and then that night there could 935 00:54:37,960 --> 00:54:41,719 Speaker 1: be a presidential debate. I mean, it is, it's it's 936 00:54:41,760 --> 00:54:47,080 Speaker 1: almost it's it's almost so out there that it's it's inconceivable. 937 00:54:47,160 --> 00:54:49,640 Speaker 1: But I don't know, to put on my political cap 938 00:54:49,719 --> 00:54:52,719 Speaker 1: for a second. Who does it help, Because I think 939 00:54:52,760 --> 00:54:57,120 Speaker 1: both bases will be so incredibly mobilized at the prospects 940 00:54:57,160 --> 00:54:59,759 Speaker 1: of the Supreme Court. Oh, I totally agree with the 941 00:55:00,040 --> 00:55:03,480 Speaker 1: And it's going to excite everybody. Everybody who's already on 942 00:55:03,560 --> 00:55:06,080 Speaker 1: a Richter scale of one to ten ten being the 943 00:55:06,120 --> 00:55:09,560 Speaker 1: most excited and committed to this election. Everyone's already the ten, 944 00:55:09,760 --> 00:55:11,600 Speaker 1: So they're going to go to eleven on this one, right. 945 00:55:12,120 --> 00:55:14,279 Speaker 1: And and yet the one guy who I think it 946 00:55:14,360 --> 00:55:17,400 Speaker 1: really benefits in the short run it's Biden because it 947 00:55:17,400 --> 00:55:19,400 Speaker 1: does freeze up the election. Nobody knows who he's going 948 00:55:19,440 --> 00:55:23,000 Speaker 1: to point this week. This is another lost week for Trump, right, 949 00:55:23,040 --> 00:55:25,640 Speaker 1: there's no winner lose this week. But the fact that 950 00:55:25,680 --> 00:55:28,480 Speaker 1: he hasn't made any gains on Biden is probably a 951 00:55:28,560 --> 00:55:31,200 Speaker 1: disadvantage for him. But for the balance of the election 952 00:55:31,239 --> 00:55:34,200 Speaker 1: the next forty days, I would say it a newer 953 00:55:34,280 --> 00:55:36,640 Speaker 1: is to Trump's favor because he got he's got a 954 00:55:36,719 --> 00:55:40,439 Speaker 1: talking point now. I mean, he's been talking about about 955 00:55:40,480 --> 00:55:43,960 Speaker 1: the down economy as it relates to the pandemic that 956 00:55:44,120 --> 00:55:46,880 Speaker 1: relates to social justice. I mean, none of these things 957 00:55:46,880 --> 00:55:50,319 Speaker 1: on the headlines are are good for him. He's he's 958 00:55:50,560 --> 00:55:53,040 Speaker 1: got a bad deck of cards, and now someone has 959 00:55:53,040 --> 00:55:55,480 Speaker 1: finally given him a new deck of cards to play with, 960 00:55:55,880 --> 00:55:57,719 Speaker 1: and it's got to be better than what he's had 961 00:55:57,760 --> 00:55:59,160 Speaker 1: to deal with, all Right, So we do the same 962 00:55:59,239 --> 00:56:01,440 Speaker 1: on the show called It's on Your Radar, And today 963 00:56:01,480 --> 00:56:04,760 Speaker 1: there's two we gotta because there was a Scotus day. 964 00:56:05,360 --> 00:56:07,120 Speaker 1: I'm gonna tell us what's on our radar because we 965 00:56:07,120 --> 00:56:10,719 Speaker 1: gotta hit these other two big stories. The first is uh, 966 00:56:10,760 --> 00:56:13,640 Speaker 1: the Oracle deal, because no one even knows that the 967 00:56:13,680 --> 00:56:17,760 Speaker 1: bike dance TikTok Oracle deal is going to be followed 968 00:56:17,800 --> 00:56:21,799 Speaker 1: through upon doubts emerged Monday about Oracles deal to take 969 00:56:21,840 --> 00:56:24,399 Speaker 1: over TikTok reading from the terminal, as President Trump said 970 00:56:24,440 --> 00:56:29,400 Speaker 1: he may still may still renege on his approval, and 971 00:56:29,440 --> 00:56:32,719 Speaker 1: the Chinese government signaled reluctance through state owned media. I've 972 00:56:32,760 --> 00:56:34,600 Speaker 1: been reading up on this all day. I've been trying 973 00:56:34,640 --> 00:56:37,760 Speaker 1: to figure it out, asking sources and whatnot, Rick Davis. 974 00:56:37,760 --> 00:56:40,279 Speaker 1: But at the end of the day, I still think 975 00:56:40,320 --> 00:56:43,080 Speaker 1: it's important. I know I want to remove the politics 976 00:56:43,160 --> 00:56:46,560 Speaker 1: from it. I still think it's an important precedent setting 977 00:56:47,280 --> 00:56:52,719 Speaker 1: story because it's signals that the US, regardless of whether 978 00:56:52,760 --> 00:56:55,400 Speaker 1: a Republican or Democrat is in the White House, is 979 00:56:55,480 --> 00:57:01,000 Speaker 1: telling UH China that the same limitations A put on 980 00:57:01,600 --> 00:57:05,720 Speaker 1: UH intellectual property restrictions from US based companies in their market, 981 00:57:06,080 --> 00:57:08,319 Speaker 1: the US is now starting to do the same. How's 982 00:57:08,360 --> 00:57:12,600 Speaker 1: that for reciprocity. Yeah. We actually used to criticize governments 983 00:57:12,719 --> 00:57:16,560 Speaker 1: for picking winners and losers in their economy. We believe 984 00:57:16,600 --> 00:57:19,520 Speaker 1: in a free market system where the best companies that 985 00:57:19,680 --> 00:57:22,720 Speaker 1: provided the best service at the best cost would actually prevail. 986 00:57:23,360 --> 00:57:26,920 Speaker 1: Not anymore. But but it's but it's but it's also 987 00:57:27,000 --> 00:57:30,200 Speaker 1: it's difficult to do so when there's national security concerns. 988 00:57:30,240 --> 00:57:31,720 Speaker 1: I mean, I don't know. I don't know. If I 989 00:57:32,680 --> 00:57:38,160 Speaker 1: think it's fascinating to see how the Internet, it's fascinating, 990 00:57:38,280 --> 00:57:39,880 Speaker 1: but that's definitely all my radar. And I think what 991 00:57:40,000 --> 00:57:43,240 Speaker 1: you just laid out and the free market argument when 992 00:57:43,280 --> 00:57:45,920 Speaker 1: you've got Secretary Pompeos speaking at the Nixon Library the 993 00:57:45,960 --> 00:57:49,439 Speaker 1: other week saying essentially, well, what have we gotten from 994 00:57:49,560 --> 00:57:52,800 Speaker 1: a post fifth nearly fifty years after President Nixon went 995 00:57:52,840 --> 00:57:55,439 Speaker 1: over there to Beijing and said, you know that that 996 00:57:55,520 --> 00:57:57,800 Speaker 1: this is going to be a reciprocal relationship. I don't know. 997 00:57:57,880 --> 00:57:59,240 Speaker 1: I want to can make the case that it hasn't 998 00:57:59,280 --> 00:58:03,520 Speaker 1: been to reciprocal. Okay, Uh. And then President Trump. Iran 999 00:58:03,640 --> 00:58:05,919 Speaker 1: is the other thing on my radar. President Trump said 1000 00:58:05,920 --> 00:58:09,640 Speaker 1: he would call on the U n UH security. I'm sorry, 1001 00:58:09,680 --> 00:58:15,680 Speaker 1: that's for additional sanctions potentially on Iran, and the State's 1002 00:58:15,680 --> 00:58:19,320 Speaker 1: Department also UH looking at additional sanctions on that as 1003 00:58:19,320 --> 00:58:22,600 Speaker 1: well as so lots on that front as well. Rick Damus, Yeah, 1004 00:58:22,640 --> 00:58:24,880 Speaker 1: And the Iran thing is just a component part of 1005 00:58:24,880 --> 00:58:29,600 Speaker 1: this overall peace agreement that he's reached with UAE and Bahrain, 1006 00:58:30,400 --> 00:58:35,280 Speaker 1: bringing Israel into the Coalition of Arab states that are 1007 00:58:35,360 --> 00:58:38,520 Speaker 1: threatened by Iran, and and Iran is the gift that 1008 00:58:38,600 --> 00:58:41,960 Speaker 1: just keeps on giving. I would anticipate many other countries 1009 00:58:42,000 --> 00:58:45,720 Speaker 1: in the Middle East opening up diplomatic relations with Israel 1010 00:58:46,200 --> 00:58:49,880 Speaker 1: with the eye toward building up their own defenses in 1011 00:58:50,000 --> 00:58:52,520 Speaker 1: order to contain Iran. I mean, we've already seen the 1012 00:58:52,600 --> 00:58:55,200 Speaker 1: UAE working out a deal for f thirty fives with 1013 00:58:55,280 --> 00:58:59,040 Speaker 1: Donald Trump as almost a quid pro quo for the 1014 00:58:59,480 --> 00:59:03,280 Speaker 1: for the UH peace Agreement. Who cares we got peace 1015 00:59:03,320 --> 00:59:05,520 Speaker 1: in the Middle East. We don't see that very often, 1016 00:59:05,560 --> 00:59:08,400 Speaker 1: and so his tactics are different. But he's getting to 1017 00:59:08,440 --> 00:59:11,560 Speaker 1: a place where most other presidents have failed. Yeah, and 1018 00:59:11,560 --> 00:59:14,000 Speaker 1: I think Jared Kushner, you know, he's even Jared Kushner 1019 00:59:14,040 --> 00:59:16,360 Speaker 1: is even getting praise from some Democrats for for just 1020 00:59:16,400 --> 00:59:18,560 Speaker 1: how he's been able to navigate through that UH the 1021 00:59:18,600 --> 00:59:22,360 Speaker 1: normalization of those ties with Israel. Hey Rick Rick Davis, 1022 00:59:22,360 --> 00:59:25,320 Speaker 1: partner at Stone Court Capital, former campaign manager for John 1023 00:59:25,400 --> 00:59:28,560 Speaker 1: mckain's o A presidential campaign, and a Bloomberg contributor. I 1024 00:59:28,560 --> 00:59:30,640 Speaker 1: always learned when I talked to Rick, and I'm always 1025 00:59:30,680 --> 00:59:33,040 Speaker 1: filled with gratitude that the fact that rig Davis is 1026 00:59:33,040 --> 00:59:35,560 Speaker 1: on my radio show. It's a pinch me moment every time, 1027 00:59:35,880 --> 00:59:39,040 Speaker 1: even though he has poor taste in football. I'm Kevin Sarelli. 1028 00:59:39,240 --> 00:59:39,960 Speaker 1: This is Bloomberg.