1 00:00:00,040 --> 00:00:03,240 Speaker 1: I'm Kevin SURREALI Chief Washington correspondent for Bloomberg Television and 2 00:00:03,320 --> 00:00:08,719 Speaker 1: Bloomberg Radio. We have special coverage of the Coronavirus Task 3 00:00:08,720 --> 00:00:10,920 Speaker 1: Force briefing. We're he the President just saying he's going 4 00:00:10,960 --> 00:00:12,400 Speaker 1: to start that in about a half hour. You can 5 00:00:12,400 --> 00:00:15,880 Speaker 1: listen to that right here on Bloomberg ninety nine one FM. 6 00:00:15,920 --> 00:00:19,000 Speaker 1: And now coming to us, Maddie Duppler. She's on the line, 7 00:00:19,040 --> 00:00:22,239 Speaker 1: founder of Forward Strategy, senior fellow at the National Taxpayers Union, 8 00:00:22,239 --> 00:00:25,840 Speaker 1: and former Coalitions director for the House Republican Conference. Maddie, 9 00:00:26,480 --> 00:00:28,680 Speaker 1: great to have you on on a Friday, and we're 10 00:00:28,680 --> 00:00:31,600 Speaker 1: gonna have you for two segments on this Friday edition 11 00:00:31,720 --> 00:00:36,040 Speaker 1: of Sound On. But I mean, all right, they got 12 00:00:36,120 --> 00:00:39,920 Speaker 1: the bill done. They got the bill done, thankfully, Congressman. 13 00:00:40,280 --> 00:00:42,559 Speaker 1: She couldn't even stand in the way of it. What 14 00:00:42,680 --> 00:00:47,440 Speaker 1: happens next, Maddie, What happens next is anyone's guest cab. 15 00:00:47,520 --> 00:00:49,560 Speaker 1: But I'll give you my my odds and what I 16 00:00:49,640 --> 00:00:52,080 Speaker 1: think is gonna happen next. So the President signed into 17 00:00:52,520 --> 00:00:56,240 Speaker 1: saw that immediately after the ALM, immediately after the House 18 00:00:56,320 --> 00:00:59,800 Speaker 1: pasted it earlier this afternoon. There's a lot of just 19 00:01:00,080 --> 00:01:03,360 Speaker 1: Ushian in Washington about a phase for in what that 20 00:01:03,440 --> 00:01:06,720 Speaker 1: looks like. But frankly, what we need right now is 21 00:01:07,200 --> 00:01:10,040 Speaker 1: swift implementation of this bill. I mean, there's been a 22 00:01:10,080 --> 00:01:11,760 Speaker 1: lot of discussion about what's in here, a lot of 23 00:01:11,760 --> 00:01:15,560 Speaker 1: really good stuff. There's cast release for businesses, uh, there's 24 00:01:15,640 --> 00:01:18,240 Speaker 1: individual payments going out the door. I've been talking for 25 00:01:18,319 --> 00:01:20,720 Speaker 1: weeks about how individual payments might be a little bit 26 00:01:20,720 --> 00:01:23,120 Speaker 1: of a sticking point because we just don't have the 27 00:01:23,240 --> 00:01:26,200 Speaker 1: protocols in place to deliver that cash swiftly through all 28 00:01:26,240 --> 00:01:30,480 Speaker 1: task pairs. But we also have obviously directly going to 29 00:01:30,640 --> 00:01:34,800 Speaker 1: some industries. What we want to see is that the 30 00:01:34,840 --> 00:01:39,919 Speaker 1: federal government releasing guidelines that show with with clarity and precision, 31 00:01:40,360 --> 00:01:44,600 Speaker 1: how in particular small businesses can qualify for the aid 32 00:01:44,680 --> 00:01:46,280 Speaker 1: that was in this bill. There's a lot of small 33 00:01:46,319 --> 00:01:49,840 Speaker 1: business loans in this bill with different different requirements in them. 34 00:01:50,160 --> 00:01:52,360 Speaker 1: What we really need our for small business to know 35 00:01:52,600 --> 00:01:54,560 Speaker 1: how they can access that aid. That's how we know 36 00:01:54,640 --> 00:01:56,640 Speaker 1: will have an impact. And I've been saying again for 37 00:01:56,680 --> 00:01:59,120 Speaker 1: weeks at a couple offcs out this week, talking about 38 00:01:59,160 --> 00:02:01,560 Speaker 1: how the most or in aspect of this bill is 39 00:02:01,560 --> 00:02:04,320 Speaker 1: it creates aid, It creates support for small businesses and 40 00:02:04,360 --> 00:02:06,880 Speaker 1: employers to hold on to their employees even if those 41 00:02:06,880 --> 00:02:09,880 Speaker 1: people can't work right because we're all under different varying 42 00:02:09,919 --> 00:02:14,160 Speaker 1: forms of quarantine UM in shelter and places. But businesses 43 00:02:14,200 --> 00:02:16,520 Speaker 1: now cannot only haunt for those employees because they have 44 00:02:16,560 --> 00:02:19,639 Speaker 1: helped to cover payroll costs, they can also rehire folks 45 00:02:19,720 --> 00:02:21,480 Speaker 1: that they had to let go as a result of 46 00:02:21,520 --> 00:02:23,720 Speaker 1: a coronavirus. So hopefully that creates a little bit of 47 00:02:23,720 --> 00:02:27,600 Speaker 1: certainty UM and certainly will help workers who are uncertain 48 00:02:27,600 --> 00:02:29,360 Speaker 1: about what's going to happen in the coming weeks and 49 00:02:29,400 --> 00:02:31,640 Speaker 1: months for them if they can keep that attaching with 50 00:02:31,680 --> 00:02:34,120 Speaker 1: that employer, that of course will be a big ease 51 00:02:34,280 --> 00:02:37,519 Speaker 1: on anxieties for healthholds across the country. Naddie ueblers on 52 00:02:37,560 --> 00:02:40,120 Speaker 1: the line. She's been in the trenches of this before 53 00:02:40,919 --> 00:02:43,120 Speaker 1: when she's worked on the hill as the House Republicans 54 00:02:43,160 --> 00:02:46,680 Speaker 1: Coalitions director. Maddie, I mean, I just you know, here 55 00:02:46,680 --> 00:02:50,080 Speaker 1: we are on Friday afternoon, the stocks, you know, ending 56 00:02:50,120 --> 00:02:52,920 Speaker 1: up for the week. Thankfully, you know, it's a better 57 00:02:52,960 --> 00:02:57,520 Speaker 1: week than last. The market still still I look at 58 00:02:57,520 --> 00:03:00,080 Speaker 1: the close into the clothes, but I mean, you know, 59 00:03:00,280 --> 00:03:02,040 Speaker 1: it could have been worse. Right, it could always be worse. 60 00:03:02,040 --> 00:03:04,000 Speaker 1: It's totally could have been worse. Don't don't get me 61 00:03:04,040 --> 00:03:07,280 Speaker 1: wrong there, camp totally could have been worse. But look, 62 00:03:07,320 --> 00:03:12,480 Speaker 1: I mean the country is under I would say virtually 63 00:03:12,520 --> 00:03:16,400 Speaker 1: all Americans are under shelter in place. And you know, 64 00:03:16,480 --> 00:03:18,600 Speaker 1: we were talking about this on our staff meeting earlier on. 65 00:03:19,000 --> 00:03:21,400 Speaker 1: We don't use zoom, we use next you know, the 66 00:03:21,480 --> 00:03:25,720 Speaker 1: video conferencing. But anyway, Day fifteen is Tuesday, and now 67 00:03:25,760 --> 00:03:30,240 Speaker 1: all of this debate publicly, privately, behind the scenes everywhere, 68 00:03:30,880 --> 00:03:34,400 Speaker 1: everyone's talking about will portions of the country be able 69 00:03:35,120 --> 00:03:40,040 Speaker 1: to reopen? And that's Nattie Douppler. Where my that's what's 70 00:03:40,040 --> 00:03:43,280 Speaker 1: on my radar as we head into as we head 71 00:03:43,320 --> 00:03:46,720 Speaker 1: into next week. So here's the deal. Here's the way 72 00:03:46,760 --> 00:03:49,480 Speaker 1: I look at this is that any decision to quote 73 00:03:49,560 --> 00:03:54,280 Speaker 1: unquote reopen requires data. We have to know who has 74 00:03:54,320 --> 00:03:58,240 Speaker 1: the virus, how they recover, and once they recover, like 75 00:03:58,240 --> 00:04:00,880 Speaker 1: who those people are m And we also have to 76 00:04:00,960 --> 00:04:03,760 Speaker 1: know what the rate of incidences. And I don't think 77 00:04:03,800 --> 00:04:07,480 Speaker 1: that we have that data both from other countries um 78 00:04:07,560 --> 00:04:09,440 Speaker 1: and we certainly don't have enough of that for the 79 00:04:09,480 --> 00:04:12,160 Speaker 1: United States because we haven't done testing long enough to know, 80 00:04:12,960 --> 00:04:16,040 Speaker 1: so what we're seeing right now in Italy is probably 81 00:04:16,640 --> 00:04:20,119 Speaker 1: a good example of transparency, with them gathering that data 82 00:04:20,160 --> 00:04:23,120 Speaker 1: and then sharing the full soope of how the crisis 83 00:04:23,120 --> 00:04:27,520 Speaker 1: is affecting them. But across the world we have seen 84 00:04:27,880 --> 00:04:30,839 Speaker 1: different regimes in how we take that data, but also 85 00:04:30,920 --> 00:04:35,880 Speaker 1: different different responses to the virus itself. So that means 86 00:04:35,920 --> 00:04:39,480 Speaker 1: that we're not only unclear on how the virus is spreading, 87 00:04:39,560 --> 00:04:42,359 Speaker 1: but we're also unclear on what measures actually work to 88 00:04:42,440 --> 00:04:44,960 Speaker 1: contain it because every country's response has been just a 89 00:04:44,960 --> 00:04:47,920 Speaker 1: little bit different. So as we move through this, hopefully 90 00:04:47,920 --> 00:04:50,440 Speaker 1: we continue to see numbers come down. Uh. You know, 91 00:04:50,480 --> 00:04:53,000 Speaker 1: I mentioned Italy has a good template for data, but 92 00:04:53,040 --> 00:04:54,680 Speaker 1: of course they have seen a little bit of a 93 00:04:54,720 --> 00:04:58,800 Speaker 1: pick up uh in in in fatalities for the virus Farris. 94 00:04:58,800 --> 00:05:00,760 Speaker 1: So we hope that that quickly gets their control and 95 00:05:00,800 --> 00:05:03,200 Speaker 1: that the people there who are affected can get the 96 00:05:03,240 --> 00:05:06,159 Speaker 1: aid and the help that they need. But we need 97 00:05:06,200 --> 00:05:09,320 Speaker 1: to know how that how this is electing in the 98 00:05:09,440 --> 00:05:11,800 Speaker 1: United States, and we need to know what we're doing 99 00:05:11,839 --> 00:05:14,560 Speaker 1: to contain it before we can even consider getting rid 100 00:05:14,600 --> 00:05:16,880 Speaker 1: of the containent measures we have put in place, Maddie, 101 00:05:17,120 --> 00:05:18,960 Speaker 1: you know, and I got to take folks behind the 102 00:05:18,960 --> 00:05:20,960 Speaker 1: scenes for a second. If you're just joining us of 103 00:05:21,040 --> 00:05:23,880 Speaker 1: Kevin's really chief Washington correspondent fro Bloomberg TV and Radio, 104 00:05:24,080 --> 00:05:27,040 Speaker 1: Maddie Doubler's on the line. You know, House Republican insider 105 00:05:27,440 --> 00:05:30,680 Speaker 1: was the former Coalitions director on the Did you ever 106 00:05:30,760 --> 00:05:32,920 Speaker 1: run into Massey when you were on the hill, Maddie, 107 00:05:34,640 --> 00:05:36,640 Speaker 1: I shared it, So I worked. My time in the 108 00:05:36,720 --> 00:05:40,200 Speaker 1: Hill began in twenty fourteen, which was a super interesting 109 00:05:40,240 --> 00:05:43,680 Speaker 1: time to be um a part of the governing majority 110 00:05:43,720 --> 00:05:46,920 Speaker 1: because of course this was when the House Freedom Caucus 111 00:05:46,920 --> 00:05:50,560 Speaker 1: really started to have its uh it's nater in in 112 00:05:50,640 --> 00:05:55,479 Speaker 1: the House conference and well, so you know, I don't 113 00:05:55,480 --> 00:05:59,520 Speaker 1: want to comment individually on any conversations or experience that 114 00:05:59,560 --> 00:06:02,880 Speaker 1: I had with members while I'm up there, but listening, uh, 115 00:06:05,160 --> 00:06:07,719 Speaker 1: I think that that was on display today was the 116 00:06:07,800 --> 00:06:12,320 Speaker 1: notion that there's some there's some kind of like overarching 117 00:06:12,360 --> 00:06:16,239 Speaker 1: principle that can be applied to every single situation and 118 00:06:17,279 --> 00:06:19,320 Speaker 1: that's not the case. That's all we are like right now, 119 00:06:19,440 --> 00:06:24,120 Speaker 1: we are in unprecedented times and that doesn't mean the collapse. 120 00:06:24,160 --> 00:06:26,120 Speaker 1: I mean, listen, listen, so so here I am. I'm 121 00:06:26,120 --> 00:06:29,159 Speaker 1: working from home. Bloomberg has been so incredibly good to me. 122 00:06:29,200 --> 00:06:32,760 Speaker 1: They con they made a studio in my uh I 123 00:06:32,839 --> 00:06:35,280 Speaker 1: thought an inter name at the it's right outside of 124 00:06:35,279 --> 00:06:38,360 Speaker 1: the kitchen. But but I'm serious. I mean, I'm talking 125 00:06:38,400 --> 00:06:41,720 Speaker 1: to texting and calling staffers, members all throughout the day. 126 00:06:41,960 --> 00:06:44,839 Speaker 1: They're livid, both sides of the I'm not gonna out anybody, 127 00:06:45,080 --> 00:06:47,880 Speaker 1: but they're livid, you know, either upset because they're watching 128 00:06:47,920 --> 00:06:50,160 Speaker 1: the same news that you and I are watching, Mattie Doppler, 129 00:06:50,320 --> 00:06:53,240 Speaker 1: and they're listening to the same guidelines of Dr Fauci, 130 00:06:53,360 --> 00:06:56,680 Speaker 1: Dr Brooks, President Trump, Vice President, Pets, Speaker Pelosi for 131 00:06:56,720 --> 00:07:01,680 Speaker 1: that matter, Alexandria Acasio Cortez for that matter. Everyone is 132 00:07:01,720 --> 00:07:05,599 Speaker 1: saying to be socially distant, don't go out, stay inside, 133 00:07:05,640 --> 00:07:09,880 Speaker 1: do your part, flatten the curve. And we wake up 134 00:07:09,920 --> 00:07:14,560 Speaker 1: this morning to the Sergeant of Arms and the and 135 00:07:14,640 --> 00:07:18,480 Speaker 1: the House Physician or the Congressional physician issuing new guidelines 136 00:07:18,960 --> 00:07:21,200 Speaker 1: of how they're going to have to essentially walk into 137 00:07:21,240 --> 00:07:25,480 Speaker 1: the House chamber steps apart from one another because of 138 00:07:25,560 --> 00:07:29,520 Speaker 1: one grand standard. Congressman Massey. It folks, and if you 139 00:07:29,600 --> 00:07:32,800 Speaker 1: think I'm on a soapbox. I'm not because former Secretary 140 00:07:32,840 --> 00:07:39,720 Speaker 1: of State John Kerry tweeted in agreement with President Trump, 141 00:07:40,080 --> 00:07:43,840 Speaker 1: they actually agreed on this. I mean because if you 142 00:07:43,880 --> 00:07:47,800 Speaker 1: think about it, the procedural hiccup that Congressman Massey, I 143 00:07:47,840 --> 00:07:51,200 Speaker 1: hope it was worth a congressman, the procedural hiccup where 144 00:07:51,200 --> 00:07:55,000 Speaker 1: he had to put every single member on an airplane, 145 00:07:55,560 --> 00:07:58,920 Speaker 1: leaving their constituents, leaving their families, as folks that are 146 00:07:58,960 --> 00:08:01,760 Speaker 1: in this bill are trying to figure out precisely how 147 00:08:01,760 --> 00:08:03,680 Speaker 1: to get access to the loans, how to get access 148 00:08:03,720 --> 00:08:06,200 Speaker 1: to the grants, how to get that check that they 149 00:08:06,240 --> 00:08:09,720 Speaker 1: so desperately need right now, And instead of being of 150 00:08:09,720 --> 00:08:12,560 Speaker 1: service to the constituents, these members had to whipsaw their 151 00:08:12,600 --> 00:08:15,920 Speaker 1: way back to Washington to do this type of a 152 00:08:16,000 --> 00:08:18,600 Speaker 1: vote that ended up Massy's stunt didn't even pass. So, 153 00:08:18,680 --> 00:08:21,120 Speaker 1: I mean, you know, I just don't see it, Maddie. 154 00:08:21,200 --> 00:08:24,520 Speaker 1: But maybe I'm maybe I'm missing something, Kay, I'm with you. 155 00:08:24,640 --> 00:08:27,280 Speaker 1: I mean, what we need most right now are leaders 156 00:08:27,280 --> 00:08:30,480 Speaker 1: who lead by example, right and it seems like a 157 00:08:30,520 --> 00:08:33,040 Speaker 1: lot of Americans I shouldn't say a lot, but there 158 00:08:33,040 --> 00:08:36,440 Speaker 1: are We've seen circumstances where some Americans are struggling with 159 00:08:36,480 --> 00:08:40,440 Speaker 1: these the quarantine roles and social distancing. At the very least, 160 00:08:40,480 --> 00:08:42,360 Speaker 1: we should have members of Congress who were able to 161 00:08:42,400 --> 00:08:46,800 Speaker 1: demonstrate how important that is um and not having to 162 00:08:46,920 --> 00:08:51,880 Speaker 1: come back to Washington simply to prevent a political stunt 163 00:08:51,880 --> 00:08:53,679 Speaker 1: from happening. Did you see today how they actually had 164 00:08:53,720 --> 00:08:57,520 Speaker 1: members up in like the visitors gallery in the in 165 00:08:57,600 --> 00:08:59,800 Speaker 1: the House that they could they could try and keep 166 00:08:59,800 --> 00:09:02,199 Speaker 1: these members of business top books remember to the average 167 00:09:02,200 --> 00:09:06,400 Speaker 1: age of an elected member of Congress is in the 168 00:09:06,559 --> 00:09:10,920 Speaker 1: in the in the the risk zone. I is, but 169 00:09:11,000 --> 00:09:13,760 Speaker 1: it's up there. And Boris Johnson, we find out in 170 00:09:13,800 --> 00:09:16,360 Speaker 1: the last twenty four hours, is tested positive for it. 171 00:09:16,440 --> 00:09:18,599 Speaker 1: Coming up. I believe we're going to check in with 172 00:09:18,960 --> 00:09:21,120 Speaker 1: We're moving our schedule around because President Trump is going 173 00:09:21,160 --> 00:09:23,160 Speaker 1: to speak at five thirty and we're going to carry that, 174 00:09:23,240 --> 00:09:25,160 Speaker 1: but we might be checking in with one of our 175 00:09:25,200 --> 00:09:29,000 Speaker 1: colleagues in the industry across the pond, uh, Maddie, in 176 00:09:29,440 --> 00:09:32,680 Speaker 1: like the ninety seconds that we have left here, you know, 177 00:09:32,720 --> 00:09:36,680 Speaker 1: I I just all the conversations I'm having about economic 178 00:09:36,720 --> 00:09:39,880 Speaker 1: stimulus of four point Oh. I don't know what we're 179 00:09:39,880 --> 00:09:43,000 Speaker 1: gonna call it is that this is about two months out? 180 00:09:43,160 --> 00:09:45,600 Speaker 1: Does that? Does that mesh with your timetable that they 181 00:09:45,600 --> 00:09:47,400 Speaker 1: want to see where we are two months from now 182 00:09:47,600 --> 00:09:51,079 Speaker 1: before another stimulus package comes yep. I think it depends 183 00:09:51,200 --> 00:09:55,559 Speaker 1: on how the relief package can be implemented quickly. Now, UM, 184 00:09:55,679 --> 00:09:57,600 Speaker 1: I would expect to see in about a month for 185 00:09:57,679 --> 00:10:00,240 Speaker 1: that conversation to grow a little bit more serious about 186 00:10:00,240 --> 00:10:03,040 Speaker 1: what additional measures are needed. Um. And we'll have to 187 00:10:03,080 --> 00:10:05,560 Speaker 1: see how the AIDS gets out the door quickly, because 188 00:10:05,600 --> 00:10:07,040 Speaker 1: if it can get out the quickly, it will be 189 00:10:07,080 --> 00:10:08,880 Speaker 1: If you out the door quickly, it will be decisive 190 00:10:08,880 --> 00:10:11,520 Speaker 1: and it will have an impact. If Washington continues to 191 00:10:11,559 --> 00:10:15,079 Speaker 1: dinner with application and administration of this law, then we're 192 00:10:15,080 --> 00:10:18,319 Speaker 1: gonna have problems remy the second or fourth aid package 193 00:10:18,400 --> 00:10:20,600 Speaker 1: more quickly than two months or now, give me a favor, 194 00:10:20,679 --> 00:10:23,199 Speaker 1: stay on the line. We have a little bit more 195 00:10:23,200 --> 00:10:24,959 Speaker 1: coming up with Maddie, and coming up, I believe we're 196 00:10:24,960 --> 00:10:27,959 Speaker 1: going to check in with Congressman Judy Chew about the 197 00:10:28,240 --> 00:10:30,320 Speaker 1: signing of the bill. If you're just joining us, President 198 00:10:30,320 --> 00:10:33,800 Speaker 1: Trump just signed into law the Economic Stimulus Bill. He 199 00:10:33,960 --> 00:10:36,520 Speaker 1: just signed it into law. It is a law the 200 00:10:36,640 --> 00:10:38,360 Speaker 1: leaf is on the way. Pick up the phone. Call 201 00:10:38,440 --> 00:10:41,600 Speaker 1: your bankers, call your call the Small Business Administration. Get 202 00:10:41,640 --> 00:10:44,200 Speaker 1: in touch with folks to see what you can qualify 203 00:10:44,320 --> 00:10:49,040 Speaker 1: for to navigate through these very difficult times. Kevin Stemy, 204 00:10:49,080 --> 00:10:52,280 Speaker 1: Chief Waction correspondib Boomboard, tell us Wombo Radio, download the 205 00:10:52,280 --> 00:10:54,560 Speaker 1: Bloomberg sur podcasts on Apple li chids of Bloomberg dot 206 00:10:54,600 --> 00:10:56,760 Speaker 1: com or by downloading the Boomberg Business apps. Can also 207 00:10:56,760 --> 00:11:00,320 Speaker 1: find us on Radio dot com, iHeart Radio and Spotify. 208 00:11:00,440 --> 00:11:03,719 Speaker 1: Trump's press conference just under twenty minutes. Listen to it here. 209 00:11:03,760 --> 00:11:08,840 Speaker 1: This is Bloomberg. You're listening to Bloomberg. Sound On with 210 00:11:08,920 --> 00:11:13,000 Speaker 1: Kevin Surreley on Bloomberg and one oh five point seven 211 00:11:13,280 --> 00:11:16,400 Speaker 1: m HD two. I'm Kevin Sireli, chief Washington correspondent for 212 00:11:16,440 --> 00:11:19,080 Speaker 1: Bloomberg Television on Bloomberg Radio. We made it to Friday. 213 00:11:19,120 --> 00:11:22,000 Speaker 1: We made it through week two of whatever. This is 214 00:11:22,440 --> 00:11:27,280 Speaker 1: COVID nineteen then this this whole debacle anyway. Matti Duppler's 215 00:11:27,320 --> 00:11:30,800 Speaker 1: on the line, Republican insider, former coalition director to the 216 00:11:30,800 --> 00:11:34,880 Speaker 1: House Republican Conference and the CEO and founder. I believe 217 00:11:34,880 --> 00:11:38,960 Speaker 1: a forward strategies. Maddie turn me a favorite, Play this 218 00:11:39,280 --> 00:11:47,000 Speaker 1: forward for UH, Play this forward for next week? What 219 00:11:47,160 --> 00:11:49,160 Speaker 1: is the one thing on Monday and Tuesday people should 220 00:11:49,160 --> 00:11:51,600 Speaker 1: be looking out? And then I'll let you go. Well, So, 221 00:11:51,679 --> 00:11:54,640 Speaker 1: like I said before, it the federal government needs to 222 00:11:54,720 --> 00:11:59,280 Speaker 1: offer extremely clear and simple guidelines for how Americans actually 223 00:11:59,320 --> 00:12:03,600 Speaker 1: access AID. They should be telling Americans how they will 224 00:12:03,800 --> 00:12:06,640 Speaker 1: um be receiving the individual checks that we're in the 225 00:12:06,640 --> 00:12:10,280 Speaker 1: Senate fille, and I would expect that you see a 226 00:12:10,440 --> 00:12:14,840 Speaker 1: lot from the President's Coronavirus Task for so they continue 227 00:12:14,880 --> 00:12:17,920 Speaker 1: to talk about what the American picture looks like and 228 00:12:17,920 --> 00:12:19,800 Speaker 1: what we're doing to continue You saw the President to 229 00:12:19,840 --> 00:12:23,240 Speaker 1: day decided to use the Defense UH Procurement Active PCNs 230 00:12:23,280 --> 00:12:24,679 Speaker 1: for in the in the defense in the d p 231 00:12:24,800 --> 00:12:28,319 Speaker 1: A UH to try and get the GM facilities to 232 00:12:28,320 --> 00:12:30,920 Speaker 1: create more ventilators. I think we'll see more of that 233 00:12:31,000 --> 00:12:35,280 Speaker 1: kind of executive action because we will continue to see 234 00:12:35,320 --> 00:12:37,480 Speaker 1: KSE numbers rights. But that's also a product to continue 235 00:12:37,480 --> 00:12:40,440 Speaker 1: to see more testing. So just more information is always 236 00:12:40,480 --> 00:12:43,040 Speaker 1: better rather than less, and times like these an unprecedented 237 00:12:43,080 --> 00:12:46,200 Speaker 1: time and we need the federal government to lead UH 238 00:12:46,320 --> 00:12:49,000 Speaker 1: in those arenas where they can provide clarity and keep 239 00:12:49,080 --> 00:12:53,040 Speaker 1: Americans UH when when much as needed. Patty Dubbler, I'll 240 00:12:53,040 --> 00:12:55,160 Speaker 1: talk with you later. Thanks for coming on, appreciate it 241 00:12:56,760 --> 00:12:59,679 Speaker 1: joining us on the line. Thank you. Joining us on 242 00:12:59,720 --> 00:13:04,479 Speaker 1: the line now is Congresswoman Judy Chew, a Democrat from California. Congresswoman. 243 00:13:04,720 --> 00:13:07,000 Speaker 1: We just started from Maddie right there. So so let 244 00:13:07,000 --> 00:13:09,280 Speaker 1: me let me ask you this. It's signed into law. 245 00:13:09,320 --> 00:13:14,160 Speaker 1: President Trump just signed into law the the Disaster Relief Bill. 246 00:13:14,559 --> 00:13:17,120 Speaker 1: Where do people go if they want to find out 247 00:13:17,160 --> 00:13:19,440 Speaker 1: how they can access the tools that you all worked 248 00:13:19,480 --> 00:13:23,400 Speaker 1: so hard on to get this to the people. Well, 249 00:13:23,440 --> 00:13:26,560 Speaker 1: there will be quite a bit of information coming out 250 00:13:26,679 --> 00:13:31,800 Speaker 1: on how exactly to access this, UH, but in particular 251 00:13:31,840 --> 00:13:36,280 Speaker 1: from the different UH departments that are in charge UM, 252 00:13:36,360 --> 00:13:40,400 Speaker 1: and so we will be finding more information in particular 253 00:13:40,400 --> 00:13:45,280 Speaker 1: about the unemployment insurance about that that certainly would be 254 00:13:45,320 --> 00:13:48,640 Speaker 1: from the Department of Labor UH. With regard to the 255 00:13:48,679 --> 00:13:52,280 Speaker 1: small business loans that would be from the Small Business Administration. 256 00:13:53,040 --> 00:13:58,160 Speaker 1: So these various departments will be UM giving this information 257 00:13:58,760 --> 00:14:01,760 Speaker 1: very very soon. And you can go, folks, if you're 258 00:14:01,760 --> 00:14:06,120 Speaker 1: just joining us, go to s b A as a 259 00:14:06,320 --> 00:14:10,720 Speaker 1: dot gov slash disaster again. That's the Small Business Administration 260 00:14:11,040 --> 00:14:16,840 Speaker 1: S b a dot gov slash disaster And that's the 261 00:14:16,920 --> 00:14:21,960 Speaker 1: main website for the Small Business Administration for the Disaster Assistance, 262 00:14:22,000 --> 00:14:26,280 Speaker 1: so s b a dot gov slash disaster to access 263 00:14:26,320 --> 00:14:29,920 Speaker 1: that information. Congresswoman Shoe I gotta ask you though, first 264 00:14:29,920 --> 00:14:31,480 Speaker 1: of all, are you in DC here? Did you leave 265 00:14:31,520 --> 00:14:36,480 Speaker 1: after the vote? Uh? No, I'm here in Los Angeles 266 00:14:36,640 --> 00:14:39,200 Speaker 1: because you weren't probably able to even get out here 267 00:14:39,440 --> 00:14:44,080 Speaker 1: as a result of the stunt that Congressman Massey uh pulled. 268 00:14:44,360 --> 00:14:46,760 Speaker 1: Can you kind of walk us through what happened as 269 00:14:46,760 --> 00:14:51,080 Speaker 1: an insider's account into the drama of Congressman Massey that 270 00:14:51,120 --> 00:14:58,000 Speaker 1: happened today. Oh my goodness, wow, look at how incredible 271 00:14:58,160 --> 00:15:02,560 Speaker 1: it was that both the Senate and the House, the 272 00:15:02,680 --> 00:15:09,800 Speaker 1: Democrats and the Republicans, were able to agree on this bill, uh, 273 00:15:10,360 --> 00:15:14,480 Speaker 1: a bill that would provide an unprecedented, unprecedented amount of 274 00:15:14,520 --> 00:15:18,880 Speaker 1: disaster relief to everyday Americans who are so worried about 275 00:15:18,880 --> 00:15:24,040 Speaker 1: the future. And so we thought that we would be 276 00:15:24,120 --> 00:15:30,640 Speaker 1: able to pass the this bill through a voice vote. Um. 277 00:15:30,640 --> 00:15:32,960 Speaker 1: And what does that mean? Just because because you and 278 00:15:33,000 --> 00:15:35,120 Speaker 1: I know what that means, but a voice vote? Explained 279 00:15:35,160 --> 00:15:38,360 Speaker 1: to folks what that means? A voice vote means that 280 00:15:38,400 --> 00:15:43,360 Speaker 1: there is unanimous agreement um that the bill will pass 281 00:15:43,480 --> 00:15:49,000 Speaker 1: without people having to cast their own individual vote A 282 00:15:49,160 --> 00:15:54,560 Speaker 1: flying in the town exactly. And remember that we have 283 00:15:54,960 --> 00:15:58,680 Speaker 1: now we have four members of Congress that have been 284 00:15:58,760 --> 00:16:02,760 Speaker 1: diagnosed with a corona iris. We have several that are 285 00:16:02,800 --> 00:16:06,240 Speaker 1: in quarantine. And then there are people like myself, the 286 00:16:06,280 --> 00:16:10,240 Speaker 1: West Coasters who are UM told to stay in place, 287 00:16:10,280 --> 00:16:15,640 Speaker 1: but also are having hard times getting um, getting flights back. UM. 288 00:16:15,680 --> 00:16:19,960 Speaker 1: So there were a number of logistical difficulties in getting 289 00:16:19,960 --> 00:16:22,960 Speaker 1: the whole house back, besides the fact that we had 290 00:16:23,200 --> 00:16:26,480 Speaker 1: a new policy on on social distancing in the House itself. 291 00:16:27,280 --> 00:16:30,880 Speaker 1: So UM, we thought that it could have passed by 292 00:16:30,920 --> 00:16:35,080 Speaker 1: this so called voice vote. Uh. But it required that 293 00:16:35,280 --> 00:16:41,680 Speaker 1: nobody require a row call vote. But Thomas Massey did 294 00:16:42,560 --> 00:16:48,200 Speaker 1: and even though he had been implored by many, including 295 00:16:48,240 --> 00:16:53,320 Speaker 1: his own UM leader Kevin McCarthy, to not do it, um, 296 00:16:53,400 --> 00:16:57,120 Speaker 1: so he went ahead and did it. Uh. But thank goodness, 297 00:16:57,480 --> 00:17:01,360 Speaker 1: there were enough people in the audience to estab a quorum, 298 00:17:01,440 --> 00:17:06,320 Speaker 1: and through their quorum as they were able to determine 299 00:17:07,240 --> 00:17:11,359 Speaker 1: that the voice vote did not have to stop that 300 00:17:11,600 --> 00:17:15,920 Speaker 1: this his his demand for roll call vote that that 301 00:17:17,320 --> 00:17:20,040 Speaker 1: motion failed. I just don't understand that. I mean, I 302 00:17:20,320 --> 00:17:24,440 Speaker 1: I just can't even wrap my head around. Just as 303 00:17:24,480 --> 00:17:27,439 Speaker 1: we move forward here, what is the next step in 304 00:17:27,440 --> 00:17:31,880 Speaker 1: this process? Next week? I mean day fifteen of the 305 00:17:32,440 --> 00:17:37,800 Speaker 1: of the fifteen days ends midweek. Obviously, Virginia has and 306 00:17:37,840 --> 00:17:40,399 Speaker 1: the d m V area has shut down schools for 307 00:17:40,880 --> 00:17:44,119 Speaker 1: the rest for at least the next month. Washington or 308 00:17:44,160 --> 00:17:46,960 Speaker 1: California has shut down for the rest of the year. 309 00:17:47,680 --> 00:17:52,720 Speaker 1: Other states have have as well. So do you think 310 00:17:53,160 --> 00:17:57,520 Speaker 1: we can even talk about reopening some businesses or or whatnot, 311 00:17:57,600 --> 00:18:00,680 Speaker 1: or what are you going to be looking for next week? 312 00:18:01,920 --> 00:18:05,800 Speaker 1: I would be very very cautious about that. Um. I 313 00:18:05,840 --> 00:18:08,119 Speaker 1: think that we have to get our health system in 314 00:18:08,280 --> 00:18:10,680 Speaker 1: order so that the testing is occurring and so that 315 00:18:11,000 --> 00:18:14,000 Speaker 1: people can be treated. You may have seen that the 316 00:18:14,040 --> 00:18:19,040 Speaker 1: New York system has been overwhelmed and now they're they're 317 00:18:19,119 --> 00:18:21,920 Speaker 1: parceling out to which of the nine one one calls 318 00:18:21,960 --> 00:18:26,320 Speaker 1: they can not actually uh answer. So we are in 319 00:18:26,480 --> 00:18:29,119 Speaker 1: a crisis and we need to have those ventilators, We 320 00:18:29,160 --> 00:18:32,440 Speaker 1: need to have the personal protective equipment. That's why this 321 00:18:32,440 --> 00:18:36,640 Speaker 1: bill is so important because it was a two billion 322 00:18:36,680 --> 00:18:40,879 Speaker 1: dollar investment in hospital health system and health research on 323 00:18:40,960 --> 00:18:43,760 Speaker 1: hundred fifty billion dollars for state and local governments to 324 00:18:43,880 --> 00:18:48,240 Speaker 1: give them the resources that they need to show up 325 00:18:48,280 --> 00:18:53,920 Speaker 1: their localities during this emergency. Do you think eventually though, 326 00:18:53,960 --> 00:18:56,199 Speaker 1: I mean, I don't want to look. There's there's the 327 00:18:56,240 --> 00:19:00,520 Speaker 1: cable news debates of oh can they reopen Stuffy Eastern 328 00:19:00,640 --> 00:19:03,640 Speaker 1: and whatnot. But but do you think it's realistic over 329 00:19:03,680 --> 00:19:07,600 Speaker 1: the next couple of months to have certain businesses returning 330 00:19:07,800 --> 00:19:09,360 Speaker 1: or do you think it's just too early to tell. 331 00:19:10,840 --> 00:19:13,720 Speaker 1: It's way too early to tell because we haven't even 332 00:19:13,760 --> 00:19:18,720 Speaker 1: reached the peak of the coronavirus in New York. Then 333 00:19:18,800 --> 00:19:22,160 Speaker 1: it's expected to go to other states, and in fact, 334 00:19:22,200 --> 00:19:26,600 Speaker 1: we could see a great increase here in California. So 335 00:19:27,040 --> 00:19:30,520 Speaker 1: we definitely need to see how it is affecting the 336 00:19:30,560 --> 00:19:34,720 Speaker 1: different states and whether our measures of stay in place 337 00:19:34,800 --> 00:19:39,600 Speaker 1: are actually succeeding. We do know the numbers will increase. 338 00:19:39,640 --> 00:19:44,640 Speaker 1: The question is by how much, so that we can 339 00:19:44,720 --> 00:19:48,200 Speaker 1: make sure that our health system is not overwhelmed, so 340 00:19:48,240 --> 00:19:51,240 Speaker 1: that our health workers do not have to choose between 341 00:19:51,320 --> 00:19:55,720 Speaker 1: one patient and another worth regard to their treatment. Tell 342 00:19:55,720 --> 00:19:59,000 Speaker 1: me something good and the week. Just give me something optimistic. 343 00:19:59,040 --> 00:20:03,480 Speaker 1: Congresswoman Well the fact that we were able to work 344 00:20:03,520 --> 00:20:10,560 Speaker 1: together is major and I um don't oftentimes see uh 345 00:20:10,720 --> 00:20:15,080 Speaker 1: Nancy Pelosi and Kevin McCarthy standing side by side celebrating 346 00:20:15,119 --> 00:20:18,840 Speaker 1: the victory of a bill. But they worked together on this, 347 00:20:18,960 --> 00:20:21,840 Speaker 1: and in fact, they worked together and making sure that 348 00:20:21,880 --> 00:20:24,480 Speaker 1: we had the quorum of members of Congress right there 349 00:20:24,920 --> 00:20:26,720 Speaker 1: in the audience so that they could deal with this 350 00:20:26,840 --> 00:20:30,880 Speaker 1: Thomas Massey situation. Had they not worked together, we would 351 00:20:30,920 --> 00:20:33,680 Speaker 1: have been in a very different situation right this moment. 352 00:20:33,760 --> 00:20:35,879 Speaker 1: You are kinder than I am to call it a 353 00:20:35,960 --> 00:20:41,240 Speaker 1: quote unquote situation, a Thomas Massey situation. Congresswoman Judy to 354 00:20:41,440 --> 00:20:43,560 Speaker 1: Democrat from California. I know that you're not going to 355 00:20:43,640 --> 00:20:45,880 Speaker 1: have any rest this weekend because you got to tell 356 00:20:45,920 --> 00:20:49,280 Speaker 1: everyone how they can access this piece of legislation. But she's, 357 00:20:49,280 --> 00:20:53,040 Speaker 1: of course the Democrat from California. So appreciative, so appreciative 358 00:20:53,440 --> 00:20:56,880 Speaker 1: of your time. Congresswoman, have a great We can stay healthy. Okay, 359 00:20:56,880 --> 00:21:00,440 Speaker 1: thank you, all right, and now just to reese at here, 360 00:21:00,440 --> 00:21:04,159 Speaker 1: I'm Kevin's Relly, chief Washington correspondent for Bloomberg Television and 361 00:21:04,160 --> 00:21:10,440 Speaker 1: Bloomberg Radio. We are awaiting President Donald Trump's daily Coronavirus 362 00:21:10,560 --> 00:21:15,639 Speaker 1: Task Force briefing. But did you see this news? Boris Johnson. 363 00:21:16,320 --> 00:21:19,280 Speaker 1: I woke up this morning, I get out of bed, 364 00:21:19,400 --> 00:21:22,800 Speaker 1: I check, I do my daily meditation. I got I 365 00:21:22,840 --> 00:21:25,760 Speaker 1: walked right to the studio in the next room, and 366 00:21:26,359 --> 00:21:30,920 Speaker 1: I see on Twitter that Boris Johnson has the coronavirus 367 00:21:30,960 --> 00:21:34,600 Speaker 1: COVID nineteen. David Smith is the Guardians Washington d C 368 00:21:34,840 --> 00:21:38,520 Speaker 1: Bureau chief. He joins us from the telephone line, David Smith, 369 00:21:39,160 --> 00:21:41,439 Speaker 1: Boris Shohnson. I mean this is no joke, This is 370 00:21:41,440 --> 00:21:45,920 Speaker 1: no joke. I mean this is wow. Yes, I think 371 00:21:46,080 --> 00:21:48,600 Speaker 1: a lot of people felt that way, sort of shocked 372 00:21:48,600 --> 00:21:52,160 Speaker 1: by this news. The first world leader to test positive 373 00:21:53,040 --> 00:21:57,720 Speaker 1: for the corona virus, and so far Johnson is still 374 00:21:58,320 --> 00:22:03,360 Speaker 1: at work. UM. He says his symptoms are relatively mild. 375 00:22:04,240 --> 00:22:08,760 Speaker 1: There's been some criticism of him um from various health 376 00:22:09,160 --> 00:22:12,280 Speaker 1: officials and experts for not really practicing what he preaches, 377 00:22:12,560 --> 00:22:15,280 Speaker 1: not not following the government's own advice in terms of 378 00:22:15,359 --> 00:22:18,679 Speaker 1: social distancings, as being a bit too nonchant about it. 379 00:22:18,760 --> 00:22:21,560 Speaker 1: And and now there he is, with the virus, a 380 00:22:21,640 --> 00:22:26,440 Speaker 1: temperature and a cough, and reportedly government is functioning with 381 00:22:26,960 --> 00:22:31,359 Speaker 1: him alone in self isolation, and his food and his 382 00:22:31,440 --> 00:22:34,840 Speaker 1: paperwork being being left outside his office, which he then 383 00:22:34,880 --> 00:22:39,440 Speaker 1: goes to goes to fetch Um obviously questioned around who 384 00:22:39,440 --> 00:22:43,399 Speaker 1: else in that inner circling government might be infected? Um. 385 00:22:43,520 --> 00:22:47,159 Speaker 1: It does also include the Health Secretary Matt Hancock, who 386 00:22:47,240 --> 00:22:50,840 Speaker 1: also tested positive UH and the Chief Medical Officer Chris 387 00:22:50,840 --> 00:22:54,080 Speaker 1: Whizzy has shown symptoms. So very worrying that the very 388 00:22:54,119 --> 00:22:59,960 Speaker 1: people feeding the coronavirus response our albums now afflicted with it. 389 00:23:00,359 --> 00:23:02,520 Speaker 1: David Smith is on the line. He's the Guardians d 390 00:23:02,600 --> 00:23:05,479 Speaker 1: C Bureau chief. He's joining us from Washington. But obviously 391 00:23:05,520 --> 00:23:07,879 Speaker 1: he's a brit so he can know and he's you know, 392 00:23:07,920 --> 00:23:13,040 Speaker 1: pulling double duty here. But can they give their press conferences? 393 00:23:13,040 --> 00:23:15,800 Speaker 1: Can Boris Johnson appear on camera if he's in quarantine? 394 00:23:17,200 --> 00:23:21,640 Speaker 1: He lived his first message UM via a phone message 395 00:23:22,040 --> 00:23:26,400 Speaker 1: a video he had recorded himself. So perhaps we'll see 396 00:23:26,440 --> 00:23:29,560 Speaker 1: more of that him him guy paying or doing or 397 00:23:29,600 --> 00:23:32,760 Speaker 1: face timing and so on. But in the meantime it 398 00:23:32,880 --> 00:23:37,800 Speaker 1: was left to Michael go a senior government minister, to 399 00:23:38,320 --> 00:23:43,359 Speaker 1: deliver a press conference in Johnson's absence. He's not even 400 00:23:43,480 --> 00:23:47,439 Speaker 1: so wait a minute, this is this is fascinating Boris Johnson. 401 00:23:47,520 --> 00:23:52,400 Speaker 1: He can't even address the country on camera. He has 402 00:23:52,440 --> 00:23:56,600 Speaker 1: to do it via video phone. That's what been happening 403 00:23:56,640 --> 00:24:00,359 Speaker 1: so far. I think that grip of the situay and 404 00:24:00,400 --> 00:24:04,200 Speaker 1: I guess in in theory some kind of camera could 405 00:24:04,200 --> 00:24:06,520 Speaker 1: be put in his room, but I would not want 406 00:24:06,520 --> 00:24:09,280 Speaker 1: to be that camera operator, I think getting too close 407 00:24:09,320 --> 00:24:12,560 Speaker 1: to him. You know, we we clearly are in extraordinary 408 00:24:12,640 --> 00:24:14,800 Speaker 1: times and it's certainly very different from the days of 409 00:24:15,440 --> 00:24:18,960 Speaker 1: Wisden Churchill addressing the nation on the radio. You know, 410 00:24:19,040 --> 00:24:22,240 Speaker 1: it really is truly remarkable. David Smith, as you as 411 00:24:22,280 --> 00:24:24,840 Speaker 1: you cover why she did d C for The Guardian, 412 00:24:25,480 --> 00:24:28,359 Speaker 1: and as you obviously look back at at at the 413 00:24:28,480 --> 00:24:30,760 Speaker 1: UK and how they're handling this, How does the U 414 00:24:30,880 --> 00:24:34,359 Speaker 1: S and the UK compare in their responses. You know, 415 00:24:34,480 --> 00:24:38,560 Speaker 1: I think a lot of parallels, um and um. It 416 00:24:38,640 --> 00:24:42,560 Speaker 1: feels like the UK was just a few days behind 417 00:24:42,880 --> 00:24:46,159 Speaker 1: the US in terms of all the same issues about 418 00:24:47,320 --> 00:24:50,359 Speaker 1: first down playing it, then sort of waking up and 419 00:24:50,400 --> 00:24:54,919 Speaker 1: realizing how theory was, and then finally Boris Johnson announcing 420 00:24:54,920 --> 00:24:58,040 Speaker 1: a strict knockdown telling people not to leave their homes, 421 00:24:58,080 --> 00:25:02,439 Speaker 1: which again he did days after Donald Trump issued his 422 00:25:03,160 --> 00:25:07,399 Speaker 1: guidelines on fifteen days to stop the spread. So I 423 00:25:07,720 --> 00:25:11,080 Speaker 1: could also market by conversations I had with my parents 424 00:25:11,240 --> 00:25:13,160 Speaker 1: who live on the south coast of the UK, who 425 00:25:13,960 --> 00:25:15,560 Speaker 1: a couple of years ago and I spoke to them 426 00:25:16,119 --> 00:25:20,080 Speaker 1: it was just sort of coming into view, but not 427 00:25:20,359 --> 00:25:23,000 Speaker 1: an incredibly grave issue. And then one week later they 428 00:25:23,040 --> 00:25:26,840 Speaker 1: were in total lockdown and not leaving their their apartments 429 00:25:26,920 --> 00:25:31,000 Speaker 1: and dealing with the the enormity of it. But the 430 00:25:31,080 --> 00:25:33,920 Speaker 1: number of deaths in the UK is now seven fifty nine. 431 00:25:34,480 --> 00:25:37,879 Speaker 1: There are more than fourteen town and confirmed cases. And 432 00:25:37,880 --> 00:25:43,040 Speaker 1: and rather like America, all those same issues of social distancing, 433 00:25:43,119 --> 00:25:46,920 Speaker 1: of people being told not to leave their homes, the 434 00:25:46,920 --> 00:25:50,560 Speaker 1: the the economic pain that inflicts one of the major 435 00:25:50,560 --> 00:25:53,480 Speaker 1: coffee chains today is saying it could just go out 436 00:25:53,480 --> 00:25:56,200 Speaker 1: of businesses had to lay a lot of people off. 437 00:25:56,320 --> 00:26:00,280 Speaker 1: And again a lot of the same controversies where Boris 438 00:26:00,320 --> 00:26:03,040 Speaker 1: Johnson was accused of dad playing. It had been very 439 00:26:03,040 --> 00:26:06,359 Speaker 1: slow to response, just as just as Trump was. And 440 00:26:06,760 --> 00:26:09,720 Speaker 1: and again a health system obviously a very different health 441 00:26:09,720 --> 00:26:12,320 Speaker 1: system from the United States, but still with the same 442 00:26:12,359 --> 00:26:17,280 Speaker 1: issues of being completely overwhelmed and struggling to cope. Okay, alright, 443 00:26:17,359 --> 00:26:20,920 Speaker 1: so so mattchur early. Who's our our aceieved producer Booker. 444 00:26:21,520 --> 00:26:23,439 Speaker 1: He just said in this question, I mean you are. 445 00:26:23,440 --> 00:26:24,920 Speaker 1: I see you in the press in the White House 446 00:26:24,920 --> 00:26:28,560 Speaker 1: press room every other day, and you've seen this administration. 447 00:26:28,880 --> 00:26:32,399 Speaker 1: You've also seen the Obama administration. So from your perspective, 448 00:26:32,400 --> 00:26:37,240 Speaker 1: does the Trump administration have a proper plan from managing 449 00:26:37,680 --> 00:26:47,920 Speaker 1: this crisis? No? Um Friday David Um obviously has been 450 00:26:48,080 --> 00:26:53,720 Speaker 1: been widely criticized, I think with some justifications. Very sluggish response, 451 00:26:53,960 --> 00:26:57,320 Speaker 1: and you only have to look at the mixed signal 452 00:26:57,400 --> 00:27:01,520 Speaker 1: coming from Trump. I think it was precisely a month 453 00:27:01,560 --> 00:27:04,440 Speaker 1: ago he was making those statements about how this will 454 00:27:04,480 --> 00:27:07,240 Speaker 1: disappear like a miracle one day and talking about we'll 455 00:27:07,240 --> 00:27:10,800 Speaker 1: get down to zero cases. Some very precious time was 456 00:27:10,960 --> 00:27:15,520 Speaker 1: lost in terms of preparedness. And you know, we've seen 457 00:27:15,520 --> 00:27:19,840 Speaker 1: the stories about briefings that were ignored and documents from 458 00:27:19,840 --> 00:27:24,800 Speaker 1: passive administrations just just not read properly. Um. And now 459 00:27:25,240 --> 00:27:27,560 Speaker 1: here we are with the US with the biggest caseload 460 00:27:27,640 --> 00:27:30,280 Speaker 1: in the world, and the death toll soaring, and and 461 00:27:30,560 --> 00:27:33,520 Speaker 1: and Trump still going back and forth for one moment 462 00:27:34,760 --> 00:27:38,359 Speaker 1: saying this is, you know, rather like the flu and 463 00:27:38,359 --> 00:27:42,280 Speaker 1: will disappear in warm weather, and then the next pivoting 464 00:27:42,320 --> 00:27:46,639 Speaker 1: and describing himself as as a wartime president, trying to 465 00:27:46,640 --> 00:27:51,080 Speaker 1: strike a more somber tone, and then circling back the 466 00:27:51,080 --> 00:27:53,960 Speaker 1: other direction, saying you're going to try and reopen big 467 00:27:53,960 --> 00:27:57,479 Speaker 1: parts of the country by easter us defying many of 468 00:27:57,480 --> 00:28:02,159 Speaker 1: his own medical experts. So you know what's fascinating is 469 00:28:02,200 --> 00:28:06,280 Speaker 1: obviously for for more than three years. But many critics 470 00:28:06,280 --> 00:28:09,960 Speaker 1: and commentators said Trump and America have been very lucky. 471 00:28:10,080 --> 00:28:12,880 Speaker 1: There has not been a real accelete test of his leadership, 472 00:28:13,119 --> 00:28:16,760 Speaker 1: and everyone seen that when that came, perhaps it would 473 00:28:16,760 --> 00:28:20,439 Speaker 1: be some major military conflict, but but instead it's come 474 00:28:20,480 --> 00:28:25,639 Speaker 1: from an unexpected directory, and many would give Trumper a 475 00:28:25,680 --> 00:28:28,639 Speaker 1: low grade for whether he's actually wisen to the occasion 476 00:28:28,760 --> 00:28:31,560 Speaker 1: so far. But all right, David Smith, the Guardians, Washington 477 00:28:31,600 --> 00:28:34,320 Speaker 1: d C Bureau Chief, thank you so much. Follow them 478 00:28:34,320 --> 00:28:38,280 Speaker 1: on Twitter at Smith in America. Like seven, This is 479 00:28:38,320 --> 00:28:43,640 Speaker 1: Bloomberg's sound on with Kevin Shirley on Bloomberg and one 480 00:28:43,720 --> 00:28:48,760 Speaker 1: or five point seven a m h D two Friday Sriday. 481 00:28:49,280 --> 00:28:52,920 Speaker 1: You made it to Friday. I'm Kevin Surreally, chief Fashion 482 00:28:53,000 --> 00:28:56,240 Speaker 1: and correspondent from Bloomberg Television and Bloomberg Radio. Did you 483 00:28:56,280 --> 00:29:00,800 Speaker 1: see this? President Donald Trump ordered General Motors to make 484 00:29:00,920 --> 00:29:06,120 Speaker 1: ventilators for the coronavirus patients, invoking a federal law that 485 00:29:06,240 --> 00:29:10,600 Speaker 1: gives him vast powers over industry and crises, and acting 486 00:29:10,600 --> 00:29:15,520 Speaker 1: as the company is within weeks of starting production on 487 00:29:15,520 --> 00:29:18,480 Speaker 1: on the equipment. President Trump, in a statement, said he 488 00:29:18,560 --> 00:29:21,920 Speaker 1: signed the memorandum quote directing the Secretary of Health and 489 00:29:22,000 --> 00:29:25,400 Speaker 1: Human Services to use any and all authority available under 490 00:29:25,440 --> 00:29:30,680 Speaker 1: the Defense Production Act to require General Motors to accept, perform, 491 00:29:30,720 --> 00:29:35,560 Speaker 1: and prioritize federal contracts for ventilators the Defense Production Act. Folks, 492 00:29:35,600 --> 00:29:37,200 Speaker 1: there it is. Remember he was pressured about that. Is 493 00:29:37,240 --> 00:29:39,600 Speaker 1: he going to use it? Is he not going to 494 00:29:39,720 --> 00:29:43,520 Speaker 1: use it? He's really well said, he didn't have to. 495 00:29:43,760 --> 00:29:48,040 Speaker 1: He was praiseworthy of how various companies all across the 496 00:29:48,120 --> 00:29:51,960 Speaker 1: country have been changing up their supply change moving things 497 00:29:52,040 --> 00:29:55,240 Speaker 1: around and making masks. And you hear it every day 498 00:29:55,240 --> 00:29:58,240 Speaker 1: on the Bloomberg terminal. You see these companies that are 499 00:29:58,280 --> 00:30:00,960 Speaker 1: just really doing everything they can. About the brewery's, folks, 500 00:30:00,960 --> 00:30:03,719 Speaker 1: did you hear about the breweries? They're not pro bear anymore. 501 00:30:04,080 --> 00:30:07,840 Speaker 1: They're brewing, They're brewing hand sanitizer. I mean everyone's pitching 502 00:30:07,840 --> 00:30:10,960 Speaker 1: and everyone wants to do their part. Well, President Trump 503 00:30:11,000 --> 00:30:14,400 Speaker 1: had it. He had it with GM. He assailed the 504 00:30:14,440 --> 00:30:20,560 Speaker 1: company and Mary Barra. Mary Barra, this the CEO of GM. 505 00:30:20,560 --> 00:30:23,760 Speaker 1: He tweeted against her quote, our negotiations at GM regarding 506 00:30:23,800 --> 00:30:26,680 Speaker 1: its ability to supply ventilators have been productive, but our 507 00:30:26,720 --> 00:30:30,040 Speaker 1: fight against the virus is too urgent to allow the 508 00:30:30,080 --> 00:30:32,680 Speaker 1: give and take of the contracting process to continue to 509 00:30:32,760 --> 00:30:38,480 Speaker 1: run its normal course. GM was wasting time. Wow. Joining 510 00:30:38,520 --> 00:30:41,120 Speaker 1: us on the telephone line. My good friend, my good colleague, 511 00:30:41,560 --> 00:30:45,520 Speaker 1: Stephen Dennis, who has been covering all things on Capitol Hill. 512 00:30:46,080 --> 00:30:48,560 Speaker 1: But Dennis, Stephen Dennis, let me ask you about this 513 00:30:48,600 --> 00:30:51,480 Speaker 1: Mary Bear stuff in the Defense Production Acts. I mean, Wow, 514 00:30:51,760 --> 00:30:56,720 Speaker 1: President Trump really taking it too GM. Yeah. I mean 515 00:30:56,800 --> 00:30:59,040 Speaker 1: the irony is is that GM had already announced they 516 00:30:59,040 --> 00:31:02,800 Speaker 1: were going to start production, whether they got this contract 517 00:31:02,840 --> 00:31:06,040 Speaker 1: with the government or not. They had already been in talks, 518 00:31:06,080 --> 00:31:09,200 Speaker 1: and they had already started getting tooling showing up at 519 00:31:09,200 --> 00:31:14,240 Speaker 1: their their plant in Indiana. And but behind the scenes 520 00:31:14,320 --> 00:31:17,240 Speaker 1: there was you know, so fighting with the government over 521 00:31:17,760 --> 00:31:21,080 Speaker 1: how much money they were going to get. If you 522 00:31:21,120 --> 00:31:25,320 Speaker 1: know that there was reports that the administration was not 523 00:31:25,360 --> 00:31:28,480 Speaker 1: necessarily happy with how many familiyers are gonna get, how 524 00:31:28,560 --> 00:31:31,880 Speaker 1: much it was gonna cost, you know, could ultimately end 525 00:31:31,960 --> 00:31:34,920 Speaker 1: up being like a billion dollars. The thing is is that, 526 00:31:35,040 --> 00:31:38,400 Speaker 1: you know, we're just passing a two trillion dollar emergency 527 00:31:38,440 --> 00:31:43,720 Speaker 1: package because we have an overwhelmed hospital system and a 528 00:31:43,800 --> 00:31:46,480 Speaker 1: health care system. Because of this whole situation, we need 529 00:31:46,520 --> 00:31:49,480 Speaker 1: to be able to ramp up as fast as possible 530 00:31:49,520 --> 00:31:51,640 Speaker 1: so that you don't have to slow the curve as much. Right, 531 00:31:51,680 --> 00:31:54,160 Speaker 1: so you end up with this, you know, this tension 532 00:31:54,240 --> 00:31:59,240 Speaker 1: between getting the economy back up and running and lowering 533 00:31:59,280 --> 00:32:02,560 Speaker 1: that curve, and and the whole point is to get 534 00:32:02,600 --> 00:32:05,680 Speaker 1: that curve below the capability of the health care system 535 00:32:05,720 --> 00:32:09,360 Speaker 1: to handle it. Um So any day on the veilers 536 00:32:09,400 --> 00:32:13,720 Speaker 1: just sort of boggles your mind. The President last night 537 00:32:13,840 --> 00:32:15,720 Speaker 1: on Fox was saying he didn't think that we're going 538 00:32:15,760 --> 00:32:19,520 Speaker 1: to need I was watching, and I was watching, and 539 00:32:19,920 --> 00:32:22,400 Speaker 1: I was, you know, flipping through and and you know, 540 00:32:22,400 --> 00:32:26,640 Speaker 1: they called into Hannity, and uh, yeah, kudos to Seawan 541 00:32:26,680 --> 00:32:28,360 Speaker 1: and he got a lot of information out of him, 542 00:32:28,360 --> 00:32:31,720 Speaker 1: regardless of where your political opinions lie. Uh, he got 543 00:32:31,720 --> 00:32:33,920 Speaker 1: a lot of information out of President Trump and to 544 00:32:33,960 --> 00:32:35,880 Speaker 1: hear him say that and then the next day have 545 00:32:36,040 --> 00:32:39,880 Speaker 1: him say, you know, just use that use his authority 546 00:32:39,960 --> 00:32:42,400 Speaker 1: to order GM. I thought that was remarkable. Stephen Dennis, 547 00:32:42,400 --> 00:32:44,960 Speaker 1: you've been covering in Capitol Hill today? What was going 548 00:32:45,080 --> 00:32:48,600 Speaker 1: on with Thomas Massey. I still can't get this out 549 00:32:48,600 --> 00:32:52,560 Speaker 1: of my head. You know, I think he sees this 550 00:32:52,720 --> 00:32:55,960 Speaker 1: as his Mr. Smith goes to Washington moment um. Well 551 00:32:55,960 --> 00:32:59,280 Speaker 1: he picked the wrong moment, uh, and he kind of 552 00:32:59,400 --> 00:33:04,120 Speaker 1: united the country, or at least certainly Congress and politicians against. 553 00:33:04,120 --> 00:33:07,680 Speaker 1: He united Kevin McCarthy, Nancy Pelosi, John Kerry and President 554 00:33:07,760 --> 00:33:10,040 Speaker 1: John Ry with the tweet of the day probably which 555 00:33:10,080 --> 00:33:13,120 Speaker 1: we can't stay on the radio, but we can't. Go folks. Folks, 556 00:33:13,440 --> 00:33:17,479 Speaker 1: if you're not driving, pull over and watch John Kerry's tweet. 557 00:33:17,600 --> 00:33:21,440 Speaker 1: It's it's you can't you can't make it up. Go ahead, Stephen, Yeah, 558 00:33:21,560 --> 00:33:25,800 Speaker 1: I mean I think that, Um. You know, Massey's one 559 00:33:25,800 --> 00:33:31,000 Speaker 1: of these guys who like calls himself a constitutionalist, and 560 00:33:31,040 --> 00:33:33,960 Speaker 1: he's like this, we should take world call votes and 561 00:33:34,000 --> 00:33:38,760 Speaker 1: listen and the other um. And in the meantime, we 562 00:33:38,880 --> 00:33:41,680 Speaker 1: have members of the House and the Senate now who 563 00:33:41,680 --> 00:33:47,360 Speaker 1: have gotten this potentially deadly virus, and he's forcing hundreds 564 00:33:47,360 --> 00:33:52,280 Speaker 1: of them to get on airplanes, Um, get on trains, 565 00:33:53,200 --> 00:33:55,760 Speaker 1: come here and do what you're not supposed to do, 566 00:33:55,920 --> 00:34:04,760 Speaker 1: meet in a building, um with a bunch of your citizens, citizens, 567 00:34:03,600 --> 00:34:08,719 Speaker 1: And the ego of this guy, I can't even laugh 568 00:34:08,719 --> 00:34:11,200 Speaker 1: about it because because look, not only did he put 569 00:34:11,200 --> 00:34:13,960 Speaker 1: people's health at risk? Did you put people's families health 570 00:34:14,000 --> 00:34:17,040 Speaker 1: at risk? He also kept lawmakers from being able to 571 00:34:17,160 --> 00:34:20,080 Speaker 1: educate their constituents on where to go to get the 572 00:34:20,160 --> 00:34:22,719 Speaker 1: money that they so desperately need right now in this 573 00:34:22,760 --> 00:34:24,480 Speaker 1: time of crisis. And if you and not just the 574 00:34:24,480 --> 00:34:26,480 Speaker 1: waiting for the check to go into your bank account, 575 00:34:26,719 --> 00:34:29,319 Speaker 1: but to access grants, to access loans, and remember, go 576 00:34:29,400 --> 00:34:33,839 Speaker 1: to sp A dot gov slash disaster Small Business Administration 577 00:34:34,120 --> 00:34:37,520 Speaker 1: sp A dot gov slash disaster to get some more 578 00:34:37,560 --> 00:34:40,320 Speaker 1: information about how you can get some of that money. 579 00:34:40,440 --> 00:34:44,240 Speaker 1: But Stephen Dennis, I mean, you know, I'm a sports fan, okay, 580 00:34:44,320 --> 00:34:47,279 Speaker 1: and and I was my one escape throughout all of 581 00:34:47,320 --> 00:34:52,800 Speaker 1: this barrage of of just terrific news. Well, the seventies sixers, 582 00:34:53,400 --> 00:34:56,200 Speaker 1: the NBA. I'm reading from sp Nation, the NBA's decision 583 00:34:56,239 --> 00:35:00,279 Speaker 1: to suspend the season due to the coronavirus put the 584 00:35:00,320 --> 00:35:03,239 Speaker 1: team in arena. Employees around the league in an unfortunate 585 00:35:03,320 --> 00:35:07,479 Speaker 1: financial position like any other like any other state. Uh 586 00:35:07,560 --> 00:35:13,640 Speaker 1: so you've got the Sixers who they decided that they 587 00:35:13,640 --> 00:35:17,200 Speaker 1: were going. ESPN reported that the Sixers we're going to 588 00:35:17,280 --> 00:35:22,000 Speaker 1: ask at will team employees to take a salary reduction 589 00:35:22,480 --> 00:35:24,879 Speaker 1: if they were making more than fifty thousand a year. 590 00:35:25,080 --> 00:35:27,840 Speaker 1: This was on Monday. Okay, this is what the owner 591 00:35:27,880 --> 00:35:30,839 Speaker 1: of the Philadelphia seventies Sixers wanted people to do. It 592 00:35:30,920 --> 00:35:35,279 Speaker 1: was so egregious. And here's a guy on the team. 593 00:35:35,440 --> 00:35:38,160 Speaker 1: Quite frankly, I've been a little, you know, with wishy 594 00:35:38,200 --> 00:35:42,239 Speaker 1: washing on Joel Mby. Okay, Joel Mby comes out, and 595 00:35:42,239 --> 00:35:43,759 Speaker 1: now I'm as big as fan because I thought what 596 00:35:43,760 --> 00:35:47,879 Speaker 1: he did was pure class, pure Philadelphia class. He comes 597 00:35:47,880 --> 00:35:51,800 Speaker 1: out and he says, absolutely not. Here's five thousand dollars 598 00:35:51,840 --> 00:35:55,640 Speaker 1: for anyone who's effective at will employees. And it it 599 00:35:55,840 --> 00:36:00,320 Speaker 1: caused this employee, caused the owner to back off. I 600 00:36:00,360 --> 00:36:03,120 Speaker 1: thought it was genius. So then I'm watching this and 601 00:36:03,160 --> 00:36:07,160 Speaker 1: I'm texting staffers and this is the reality, folks, is 602 00:36:07,160 --> 00:36:10,440 Speaker 1: that these staffers and their families, I mean, they're just 603 00:36:10,520 --> 00:36:12,920 Speaker 1: as nervous as anyone else. And they can't work. Some 604 00:36:13,000 --> 00:36:14,440 Speaker 1: of them can't work from home. A lot of them 605 00:36:14,480 --> 00:36:17,160 Speaker 1: are working from home, but several of these people cannot 606 00:36:17,200 --> 00:36:19,759 Speaker 1: work from home. And so when Thomas Massey puts a 607 00:36:19,840 --> 00:36:24,080 Speaker 1: stunt like this, it is so Stephen Dennis, I have 608 00:36:24,600 --> 00:36:28,120 Speaker 1: never seen anything like this in my ten years covering this, 609 00:36:28,400 --> 00:36:33,880 Speaker 1: have you. I've seen things where, you know, Rand Paul's 610 00:36:33,920 --> 00:36:43,359 Speaker 1: force the government shut down for a day. Um. Um. 611 00:36:43,520 --> 00:36:45,960 Speaker 1: That's the closest that I can remember where you know, 612 00:36:46,000 --> 00:36:48,640 Speaker 1: we literally shut down the government for a day because 613 00:36:49,120 --> 00:36:54,000 Speaker 1: Rand Paul wanted to make a point. But still, this 614 00:36:54,080 --> 00:36:56,880 Speaker 1: is a different situation in our country where you know, 615 00:36:57,080 --> 00:37:01,320 Speaker 1: the contrast to Massey. You know, he uh is standing 616 00:37:01,400 --> 00:37:03,319 Speaker 1: up trying to get other people to force a roll 617 00:37:03,360 --> 00:37:06,759 Speaker 1: call vote today and he's the only one standing, right, 618 00:37:06,800 --> 00:37:09,880 Speaker 1: so there is a unonymity in the in the Congress 619 00:37:10,360 --> 00:37:15,160 Speaker 1: to not hold this thing up. Um. And so in 620 00:37:15,200 --> 00:37:20,680 Speaker 1: some ways, you know, this country, the Congress united this 621 00:37:20,760 --> 00:37:23,719 Speaker 1: week in a way that I've never seen. Right, you know, 622 00:37:24,120 --> 00:37:27,160 Speaker 1: something passing nine six to zero, this expense of a 623 00:37:27,239 --> 00:37:31,440 Speaker 1: package essentially passing with one or two dissenting, you know, 624 00:37:31,520 --> 00:37:36,560 Speaker 1: no votes on the House floor today. We're really remarkable unity. 625 00:37:36,640 --> 00:37:38,600 Speaker 1: And then of course you just have you know, the 626 00:37:38,680 --> 00:37:43,600 Speaker 1: background of a very divided country politically. Um, you know, 627 00:37:43,600 --> 00:37:45,960 Speaker 1: we're an election year. You know, the President at a 628 00:37:46,040 --> 00:37:50,480 Speaker 1: signing ceremony did not invite the Democrats, uh to you 629 00:37:50,520 --> 00:37:54,440 Speaker 1: know this afternoon. Um, there's just you know, people are 630 00:37:54,480 --> 00:37:57,839 Speaker 1: sniping at each other and then saying, but you know, 631 00:37:58,040 --> 00:38:01,520 Speaker 1: let's all pull together. I mean, it's just remarkable. There's 632 00:38:01,560 --> 00:38:03,960 Speaker 1: just two things going on at the same time, this 633 00:38:04,160 --> 00:38:07,239 Speaker 1: incredible divisiveness and most of the country trying to pull 634 00:38:07,280 --> 00:38:10,319 Speaker 1: together and uh and move forward. Steven Dennis is on 635 00:38:10,360 --> 00:38:14,040 Speaker 1: the line Bloomberg's Ace political reporter. What are you grilling 636 00:38:14,120 --> 00:38:17,520 Speaker 1: this weekend? You're gonna get to unwind your griller if 637 00:38:17,520 --> 00:38:23,400 Speaker 1: you don't know. I grilled some stakes last night. Um. 638 00:38:23,400 --> 00:38:25,879 Speaker 1: That was a good you know, that was a good 639 00:38:25,920 --> 00:38:28,480 Speaker 1: break from having to read these thousand page bills in 640 00:38:28,560 --> 00:38:32,719 Speaker 1: thirty minutes and try to trying to figure out where 641 00:38:32,760 --> 00:38:36,640 Speaker 1: the hidden billions of dollars and goodies are. Uh. So 642 00:38:36,719 --> 00:38:40,279 Speaker 1: that was good. Alright, Well listen, keep grilling, brother, all right, 643 00:38:40,640 --> 00:38:42,520 Speaker 1: all right, keep up the great work. And we were 644 00:38:42,520 --> 00:38:45,160 Speaker 1: appreciative of all the great work that you're doing as well. 645 00:38:45,200 --> 00:38:48,759 Speaker 1: That's Stephen Dennis, everybody who's just been doing wow. I 646 00:38:48,800 --> 00:38:51,200 Speaker 1: mean the coverage of that team has just been so 647 00:38:51,239 --> 00:38:53,600 Speaker 1: amazing and not just a bloomberg. I got to give 648 00:38:53,600 --> 00:38:56,760 Speaker 1: shout outs to the whole industry because you know, they 649 00:38:56,800 --> 00:38:58,920 Speaker 1: everyone's been pulling their lord and we're not special. I'm 650 00:38:58,920 --> 00:39:00,960 Speaker 1: not I'm not glorifying the media. I'm not one of 651 00:39:01,000 --> 00:39:04,040 Speaker 1: those people joining us on the line. Luis ky Avni, 652 00:39:04,400 --> 00:39:09,760 Speaker 1: she's journalist, senior lecturer at Johns Hopkins, a business school, 653 00:39:10,000 --> 00:39:13,600 Speaker 1: The Luis ky Avni Luise, thanks for joining us. How 654 00:39:13,640 --> 00:39:16,680 Speaker 1: are you? How are you doing? My friend? I'm doing great. 655 00:39:17,120 --> 00:39:21,759 Speaker 1: I'm you know, it's it's a horrible story, but it's 656 00:39:21,800 --> 00:39:24,400 Speaker 1: a great story. Right, It's not a great story. I 657 00:39:24,480 --> 00:39:27,399 Speaker 1: totally disagree. I don't come on this show and say 658 00:39:27,440 --> 00:39:30,040 Speaker 1: when people I'm not even joking, this is the worst 659 00:39:30,080 --> 00:39:32,360 Speaker 1: story I've ever covered. Wait a minute, wait, wait wait. 660 00:39:33,200 --> 00:39:35,279 Speaker 1: When I say it's a great story, I mean that 661 00:39:35,360 --> 00:39:40,399 Speaker 1: it gives us an opportunity to do what we do best. 662 00:39:40,400 --> 00:39:42,960 Speaker 1: What is the most important thing for us to do, 663 00:39:43,560 --> 00:39:47,279 Speaker 1: and that is to inform people. And that's that is 664 00:39:47,400 --> 00:39:51,080 Speaker 1: my definition of a great story. It's it's information that 665 00:39:51,200 --> 00:39:55,080 Speaker 1: people need to know and if you have an opportunity 666 00:39:55,280 --> 00:40:00,080 Speaker 1: to do it as a professional journalist, to the I 667 00:40:00,160 --> 00:40:05,399 Speaker 1: have standard professional you know. Look, and we've been saying 668 00:40:05,400 --> 00:40:07,520 Speaker 1: this is probably the fourth plug I've given to s 669 00:40:07,560 --> 00:40:10,640 Speaker 1: b A dot gov slash disaster. But I'm gonna keep 670 00:40:10,640 --> 00:40:11,920 Speaker 1: doing it because I know there are a lot of 671 00:40:11,920 --> 00:40:14,319 Speaker 1: people out there who want to know. How can they 672 00:40:14,320 --> 00:40:18,240 Speaker 1: get information on this two plus trillion dollar economic stimulus 673 00:40:18,280 --> 00:40:21,960 Speaker 1: package that just planned Every lawmaker. I've interviewed Republicans on 674 00:40:22,000 --> 00:40:24,839 Speaker 1: this show and on Bloomberg Television. I've interviewed Democrats on 675 00:40:24,840 --> 00:40:27,319 Speaker 1: this show and on Bloomberg Television this week, and you 676 00:40:27,360 --> 00:40:29,880 Speaker 1: know what they say, Pick up the phone, call your banker. 677 00:40:30,120 --> 00:40:34,040 Speaker 1: Your banker will know where to go. Call your local 678 00:40:34,120 --> 00:40:37,319 Speaker 1: office for your lawmaker. Asked them the question. They are 679 00:40:37,400 --> 00:40:39,720 Speaker 1: there is a resource and this is when you need them. 680 00:40:39,760 --> 00:40:42,279 Speaker 1: But the Small Business Administration just got a ton of 681 00:40:42,320 --> 00:40:44,560 Speaker 1: money out. So if you're looking for a loaner, you 682 00:40:44,600 --> 00:40:46,960 Speaker 1: want more information or you want to see call your banker, 683 00:40:47,040 --> 00:40:49,560 Speaker 1: call your local lawmaker, or go to s b A 684 00:40:49,719 --> 00:40:53,000 Speaker 1: dot gov slash disaster. That's not Kevin CEREALI telling you 685 00:40:53,040 --> 00:40:56,440 Speaker 1: that that's based upon my reporting that both sides of 686 00:40:56,480 --> 00:40:58,680 Speaker 1: the aisle are saying, luis, where does this story go 687 00:40:58,880 --> 00:41:01,480 Speaker 1: next week? Where does the story go on? What's the 688 00:41:01,520 --> 00:41:05,840 Speaker 1: fifteen days is over? Well, you know, I think that 689 00:41:06,120 --> 00:41:10,400 Speaker 1: the humanity of the story is still uh center stage. 690 00:41:10,680 --> 00:41:14,200 Speaker 1: And where the story goes next week, where the story 691 00:41:14,239 --> 00:41:16,920 Speaker 1: goes the week after that is that we are seeing, 692 00:41:17,480 --> 00:41:19,680 Speaker 1: you know, according to the Governor of New York and 693 00:41:20,040 --> 00:41:25,320 Speaker 1: according to people who have seen the progress of this virus, UH, 694 00:41:25,360 --> 00:41:28,680 Speaker 1: it can only expand in terms of cases, in terms 695 00:41:28,680 --> 00:41:32,719 Speaker 1: of mortality, and so that is where the story is going. 696 00:41:32,760 --> 00:41:35,920 Speaker 1: It is. It is a story that has, of course 697 00:41:36,120 --> 00:41:42,279 Speaker 1: of Brazilian business UH tentacles to it, but it is 698 00:41:42,600 --> 00:41:46,239 Speaker 1: it is profoundly a human story. It has changed the 699 00:41:46,280 --> 00:41:49,879 Speaker 1: way we live. It has changed the way we work. UH, 700 00:41:49,920 --> 00:41:52,840 Speaker 1: it has changed our response to crisis. And all of 701 00:41:52,880 --> 00:41:56,759 Speaker 1: this is changing our DNA as a people. You know, 702 00:41:56,920 --> 00:41:59,200 Speaker 1: it is remarkable. Just some breaking news now that the 703 00:41:59,280 --> 00:42:02,520 Speaker 1: President's press conference has been postponed until six pm Eastern. 704 00:42:03,000 --> 00:42:06,600 Speaker 1: So the President of the United States Trump, He's gonna 705 00:42:06,640 --> 00:42:09,960 Speaker 1: give this press conference. The Coronavirus Daily Task Force briefing. 706 00:42:09,960 --> 00:42:12,359 Speaker 1: It's and about ten minutes time. You can catch that 707 00:42:12,640 --> 00:42:18,120 Speaker 1: here on Bloomberg Radio. Luise, I, you know, one of 708 00:42:18,120 --> 00:42:20,200 Speaker 1: the things that that I'm talking about with my colleagues 709 00:42:20,239 --> 00:42:23,480 Speaker 1: a lot, as well as with um uh. You know, 710 00:42:23,880 --> 00:42:27,760 Speaker 1: the lawmakers I interviewed daily, and is this this next 711 00:42:27,840 --> 00:42:30,359 Speaker 1: round of economic stimulus? And they're saying it's about two 712 00:42:30,360 --> 00:42:35,840 Speaker 1: months out. The economic data that's about to pummel this 713 00:42:36,000 --> 00:42:39,239 Speaker 1: country over the next eight weeks. It's gonna be devastating. 714 00:42:39,560 --> 00:42:41,440 Speaker 1: And you don't even need to be an economist. You 715 00:42:41,440 --> 00:42:43,040 Speaker 1: don't need to have a PhD to look at it 716 00:42:43,200 --> 00:42:48,080 Speaker 1: because you can just experience it. Um it's two months 717 00:42:48,120 --> 00:42:50,360 Speaker 1: too far out for the next round of stimulus, Louise, 718 00:42:52,400 --> 00:42:55,759 Speaker 1: you know, I'm really the wrong person to ask. I mean, 719 00:42:55,840 --> 00:43:00,760 Speaker 1: I think I get this round out first. And what's 720 00:43:00,800 --> 00:43:03,239 Speaker 1: interesting is that there's a story today that the head 721 00:43:03,280 --> 00:43:07,080 Speaker 1: of the International Models lure of fun but today that 722 00:43:07,200 --> 00:43:10,399 Speaker 1: the global economy has now as those sessions that could 723 00:43:10,400 --> 00:43:15,080 Speaker 1: be as bad or worse than the two thousand nine downturn. 724 00:43:15,840 --> 00:43:19,360 Speaker 1: Now what we're seeing is a lot of businesses and 725 00:43:19,760 --> 00:43:23,880 Speaker 1: especially um the financial sectors, as you've mentioned, cutting people 726 00:43:23,920 --> 00:43:27,520 Speaker 1: a lot of slack in terms of their more payments 727 00:43:28,160 --> 00:43:31,480 Speaker 1: in terms of business payments, people stepping up if they 728 00:43:31,520 --> 00:43:35,879 Speaker 1: can bear the burden of people, uh listening to um, 729 00:43:36,400 --> 00:43:40,719 Speaker 1: listening to those who cannot. So uh, yeah, it's it's 730 00:43:40,880 --> 00:43:45,440 Speaker 1: it's really acute. And look, you know, how can you 731 00:43:45,560 --> 00:43:50,680 Speaker 1: responsibly distribute this amount of money? You just and I 732 00:43:50,719 --> 00:43:55,319 Speaker 1: think that that is that is a concern. So so 733 00:43:55,640 --> 00:43:58,480 Speaker 1: is two months too long? I think you have to 734 00:43:58,880 --> 00:44:01,719 Speaker 1: look at it in terms of, uh, what can you 735 00:44:01,760 --> 00:44:05,000 Speaker 1: do responsibly? That's a great answer. All right, We've just 736 00:44:05,040 --> 00:44:07,720 Speaker 1: gotten the two minute warning for President Trump's press conference 737 00:44:07,760 --> 00:44:10,040 Speaker 1: to begin again, President Trump, you can listen to that 738 00:44:10,080 --> 00:44:12,759 Speaker 1: press conference. We just got the two minute warning from 739 00:44:12,760 --> 00:44:14,879 Speaker 1: the White House. You can listen to that right here 740 00:44:14,920 --> 00:44:19,279 Speaker 1: on Bloomberg Radio Luisa. With that said, um, and if 741 00:44:19,320 --> 00:44:21,760 Speaker 1: I cut you off, it's to toss to to the president, 742 00:44:21,840 --> 00:44:25,360 Speaker 1: So I apologize in advance. But with that said, just 743 00:44:25,400 --> 00:44:30,040 Speaker 1: the final question to go here is do you think 744 00:44:30,080 --> 00:44:33,600 Speaker 1: it's smart to open up parts of the country that 745 00:44:33,840 --> 00:44:37,839 Speaker 1: don't have to that where the data says that this 746 00:44:37,880 --> 00:44:42,200 Speaker 1: isn't as a significant of a problem. You know, all 747 00:44:42,239 --> 00:44:46,320 Speaker 1: the medical professionals who have really been answered ground zero 748 00:44:46,400 --> 00:44:50,520 Speaker 1: of this say that you have to be so so careful. 749 00:44:50,719 --> 00:44:53,480 Speaker 1: It would be one thing if we were not really 750 00:44:53,560 --> 00:44:55,880 Speaker 1: not just a country, but the world where everybody just 751 00:44:55,960 --> 00:44:59,200 Speaker 1: stayed in one place. But you know, you have you 752 00:44:59,239 --> 00:45:02,359 Speaker 1: have people with know, from New York City, you know, 753 00:45:02,760 --> 00:45:08,520 Speaker 1: going to two parts of Oklahoma, people from California traveling 754 00:45:08,520 --> 00:45:12,120 Speaker 1: to Canada. I mean, you have to ask yourself, what 755 00:45:12,800 --> 00:45:15,520 Speaker 1: is the vector of this virus that seems to be 756 00:45:15,640 --> 00:45:22,799 Speaker 1: extremely contagious, extremely confecius and sextus, extremely deadly for many 757 00:45:22,840 --> 00:45:25,480 Speaker 1: of the people who get it, and there's no vaccine 758 00:45:25,560 --> 00:45:28,800 Speaker 1: and there is no identified truthment for it. So so 759 00:45:29,080 --> 00:45:31,880 Speaker 1: you know, I always ask yourself how much how much 760 00:45:31,960 --> 00:45:34,239 Speaker 1: danger are you willing to put your parents in? Right, 761 00:45:35,080 --> 00:45:36,960 Speaker 1: That's what you have to ask. No, I'm not putting 762 00:45:37,000 --> 00:45:38,040 Speaker 1: my parents in any danger.