WEBVTT - Surveillance: NYC Safety With Adams 0:00:05.120 --> 0:00:09.200 Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keane. Along 0:00:09.240 --> 0:00:13.200 with Jonathan Ferroll and Lisa Brownwitz Jaily, we bring you 0:00:13.320 --> 0:00:17.960 insight from the best and economics, finance, investment, and international 0:00:18.000 --> 0:00:23.280 relations to find Bloomberg Surveillance on Apple podcast, Suncloud, Bloomberg 0:00:23.360 --> 0:00:29.120 dot com, and of course on the Bloomberg terminal right 0:00:29.120 --> 0:00:32.480 now as a special moment not only for Bloomberg Surveillance 0:00:32.560 --> 0:00:35.080 for all of New York City, but indeed it is 0:00:35.120 --> 0:00:39.400 a national story. Eric Adams is the Democratic nominee for 0:00:39.440 --> 0:00:43.080 New York City mayor. This is two other candidates did 0:00:43.080 --> 0:00:46.440 not go for a recount and conceded in the last 0:00:46.479 --> 0:00:49.839 oh twelve even eighteen hours. Joining me now for a 0:00:49.960 --> 0:00:53.560 conversation with the Democratic nominee is of course Romain Bostic 0:00:53.640 --> 0:00:56.560 and for Lisa brown Witz. And we're absolutely thrilled af 0:00:56.560 --> 0:00:59.520 Shelley Banjo, whether she has driven our coverage here at 0:00:59.520 --> 0:01:02.959 Bloomberg just started out as yeah, another race, and then 0:01:03.000 --> 0:01:06.800 it became something different. Eric Adams, thank you so much 0:01:06.840 --> 0:01:09.760 for joining us this morning. I'm gonna let Shelley talk 0:01:09.800 --> 0:01:12.560 about ear piercings and all that that we've seen in 0:01:12.600 --> 0:01:15.240 the last twenty four hours. I want to talk about 0:01:15.240 --> 0:01:19.399 your first meeting as mayor with the New York Police Department. 0:01:19.640 --> 0:01:23.040 How do you envision that will go. Well, first, it 0:01:23.160 --> 0:01:27.399 started already and it's not with the department, it's with 0:01:27.520 --> 0:01:31.480 the union heads. I had a conversation with Pat Lynch, 0:01:32.319 --> 0:01:36.200 conversation with Ed Mullins Uh, conversation with the president of 0:01:36.280 --> 0:01:41.360 the d d A is about going behind closed doors 0:01:41.440 --> 0:01:44.360 and say let's turn a new page. I said this 0:01:44.440 --> 0:01:47.120 over and over again, the prerequisite to prosperity in the 0:01:47.160 --> 0:01:50.680 city's public safety and reform, and they are eager to 0:01:50.720 --> 0:01:53.360 sit down with me and say how do we move 0:01:53.440 --> 0:01:57.360 policing into the twenty century deeper into the century. But 0:01:57.520 --> 0:02:00.920 we re established the relationship between police east in community 0:02:01.160 --> 0:02:03.400 because I'll see this will be controlled by the good guys. 0:02:03.400 --> 0:02:06.440 Are the bad guys right now all across America, the 0:02:06.480 --> 0:02:09.400 bad guys are winning. I'm going to stop that immediately. 0:02:09.760 --> 0:02:12.079 Are you gonna do that with Dermott Mcha at the 0:02:12.160 --> 0:02:15.920 Helm Although I'm not. I've made it clear that my 0:02:16.000 --> 0:02:19.000 police commissioner is going to be a woman. We're going 0:02:19.040 --> 0:02:24.079 to finally bring of the entire city the largest police 0:02:24.080 --> 0:02:27.600 department in the country Uh, into the twenty century of 0:02:27.919 --> 0:02:31.760 women leadership and law enforcement. And look at three of 0:02:31.760 --> 0:02:34.480 the candidates that I've been communicated with. And I'm sure 0:02:34.520 --> 0:02:36.919 you know obviously being a veteran of that force, that's 0:02:36.960 --> 0:02:40.079 not gonna come easy. Eric. We've seen the fraud relationship 0:02:40.160 --> 0:02:44.200 between the police, the rank and file, the unions. Uh, 0:02:44.240 --> 0:02:47.679 and of course the mayors of the past here you've 0:02:47.720 --> 0:02:51.360 also had a relatively complicated relationship despite being a veteran 0:02:51.400 --> 0:02:54.000 of that department here, how do you bridge that? Eric? 0:02:54.000 --> 0:02:55.960 How are you going to do that in a way 0:02:55.960 --> 0:02:59.359 where the police, which are a mighty force in this city. Eric, 0:02:59.440 --> 0:03:03.040 some would say even mightier than the mayor himself. Well, 0:03:03.080 --> 0:03:05.800 first of all, it is easy, and those who stay 0:03:06.400 --> 0:03:09.160 it's not going to be easy. Uh, they don't know me. 0:03:09.600 --> 0:03:13.560 I had difficult challenges in my life, being be arrested 0:03:13.600 --> 0:03:16.840 by police officers, assaulted, went into the police department for 0:03:17.000 --> 0:03:20.600 for reform, moved up through the ranks of captain of 0:03:21.080 --> 0:03:24.720 aim and state senator, now bar president, reverse diabetes by 0:03:24.800 --> 0:03:29.480 changing my diet, and so difficult challenges. It's not something 0:03:29.520 --> 0:03:32.840 that I run away from. I run towards. What we 0:03:32.919 --> 0:03:37.960 must do is stop talking at each other around reform 0:03:38.360 --> 0:03:41.960 and safety and start talking with each other. And you're 0:03:42.000 --> 0:03:45.040 going to see an approach year a complete change in 0:03:45.080 --> 0:03:49.440 the atmosphere of public safety and how police officers respond. 0:03:49.480 --> 0:03:52.320 We're gonna rend the bad cops, We're going to back 0:03:52.360 --> 0:03:54.800 our good cops, and we're going to re establish the 0:03:54.840 --> 0:03:57.720 relationships in our communities. And it's going to be done 0:03:57.800 --> 0:04:00.600 in year one. I promise you back the three women 0:04:00.680 --> 0:04:03.480 that you're currently in conversation with. Are they within the 0:04:03.520 --> 0:04:07.760 New York Police Department? Are you looking outside? Um? What 0:04:07.760 --> 0:04:09.840 what I don't want to do is say is it 0:04:09.960 --> 0:04:12.200 bigger than the red box or smaller than the house? 0:04:12.760 --> 0:04:16.040 Because that limits a number of potential candidates, and many 0:04:16.040 --> 0:04:18.560 of them are working right now, and I don't want 0:04:18.600 --> 0:04:22.359 to any way jeopard dies what they're doing. I'll reveal 0:04:22.440 --> 0:04:26.800 those numbers immediately after I win the general election in 0:04:26.600 --> 0:04:30.360 in November. I revealed the individual I decided fair enough, 0:04:30.480 --> 0:04:33.000 fair enough. And another big force to be reckoned with 0:04:33.080 --> 0:04:37.039 is obviously Governor Andrew Cuomo in albany Um. You have had, 0:04:37.600 --> 0:04:39.880 you know, a checkered past to speak with him, but 0:04:40.040 --> 0:04:42.160 you know, you guys have run in the same political 0:04:42.200 --> 0:04:45.560 circles for almost your entire adult lives. Did he call 0:04:45.640 --> 0:04:47.920 you to congratulate you? And what's the first thing You're 0:04:47.920 --> 0:04:50.080 going to try to work with him in albany On? 0:04:50.880 --> 0:04:54.160 And we don't have a check you pass um. Clearly 0:04:54.839 --> 0:04:58.120 we are both strong and what we believe, we know 0:04:58.200 --> 0:05:01.240 how to sit down and communicate. We operated together when 0:05:01.240 --> 0:05:04.719 I was in Obany and I'm looking forward to having 0:05:04.800 --> 0:05:07.800 him as a partner as we do with number one 0:05:07.839 --> 0:05:11.479 public safety. I cannot really emphasize this enough. We're not 0:05:11.560 --> 0:05:15.200 going to deal with major parts of our economy tourism. 0:05:15.240 --> 0:05:17.960 If we have shootings in Times Square, no one's going 0:05:18.080 --> 0:05:20.640 to get on the subway system that we could the 0:05:20.720 --> 0:05:23.720 violence there. And so we're going to first deal with 0:05:23.839 --> 0:05:26.760 making our city safe, and then we're going to use 0:05:26.800 --> 0:05:29.400 the dollars that are coming from the federal government to 0:05:29.560 --> 0:05:33.479 go after the theaters of crime and the featers that 0:05:33.600 --> 0:05:38.440 prevent people from finally leaving institutional poverty year after year. 0:05:38.800 --> 0:05:41.799 And I believe that having in Orbany, we could accomplish 0:05:41.800 --> 0:05:45.320 this task together. Eric Adams. They're gonna study your candidacy, 0:05:45.440 --> 0:05:49.320 the path of this UH mayoral race for you in 0:05:49.440 --> 0:05:52.760 Brooklyn and Bronx. They're also gonna study it in Boston 0:05:52.800 --> 0:05:55.800 and also in Boise, Idaho. You're gonna have a national 0:05:55.920 --> 0:06:00.680 ramification for all Democrats. What is your victory say about 0:06:00.720 --> 0:06:04.839 the certitude of the left in the Democratic Party. Well, 0:06:04.920 --> 0:06:09.320 you know, if you are a d s A candidate 0:06:09.440 --> 0:06:12.520 or if you are a Republican candidate, Uh, you don't 0:06:12.560 --> 0:06:16.160 want to be posted to train or slash three. So 0:06:16.240 --> 0:06:18.640 I think that what you're going to see on the 0:06:18.640 --> 0:06:21.480 face of the Democratic Party. I keep saying this over 0:06:21.520 --> 0:06:24.599 and over again. I want four burrows in the city 0:06:24.680 --> 0:06:26.719 of New York. The only borough I did not win 0:06:27.400 --> 0:06:32.880 is Manhattan. My message resonated with everyday working people, and 0:06:32.920 --> 0:06:37.040 it didn't matter with your ethnicity, your gender, and worship. 0:06:37.160 --> 0:06:39.560 And I think that you're going to see this message 0:06:39.600 --> 0:06:44.400 resident across this entire country. And it's an opportunity for 0:06:44.480 --> 0:06:46.680 us to understand that we don't have to talk at 0:06:46.720 --> 0:06:49.440 each other. We are in this together, and I'm going 0:06:49.440 --> 0:06:52.720 to bring a closer together so that we can overcome 0:06:53.000 --> 0:06:56.680 not only the pandemic, but also the pandemic of unemployment, 0:06:56.680 --> 0:07:00.000 of violence, and inequality very quickly. Eric, we are in television, 0:07:00.000 --> 0:07:01.680 you know, we are on radio and a number of 0:07:01.760 --> 0:07:05.719 radio listeners have emailed in and said, what's the piercing 0:07:05.839 --> 0:07:11.720 look like? Where's the piercing this morning, Mayor Adams, Look 0:07:11.720 --> 0:07:15.360 at this. It's a it's a gold aery of my 0:07:15.440 --> 0:07:19.760 son and I. We attended a meeting with a group 0:07:19.800 --> 0:07:22.480 of young people during the campaign and they said that 0:07:23.080 --> 0:07:25.840 we were both with you if you commit and promise 0:07:25.920 --> 0:07:30.280 to get your if you become a when the primary 0:07:30.480 --> 0:07:33.440 and a promise made is a promise cap and I 0:07:33.480 --> 0:07:37.080 didn't guess. I can assure you the hundred nights Mayor 0:07:37.120 --> 0:07:40.960 of New York did not go through this torture. Eric Adams, 0:07:40.960 --> 0:07:42.920 thank you so much. We look forward to speaking to 0:07:42.960 --> 0:07:46.600 you again. Let's be cleared the Democratic nominee for New 0:07:46.680 --> 0:07:54.280 York City mayor is a calm time for our Secretary 0:07:54.280 --> 0:07:57.560 of Transportation, Mr Buddhajudge. Of course we all know from 0:07:57.560 --> 0:08:02.040 South Bend, Indiana sterling acade dmics including something that we 0:08:02.120 --> 0:08:04.800 all did as a kid. Could we write an essay 0:08:04.880 --> 0:08:08.400 off John F. Kennedy's profiles and courage and the Secretary 0:08:08.440 --> 0:08:11.360 delivered the goods as a young uh a kid. We 0:08:11.400 --> 0:08:13.760 want to talk about transportation, We want to talk about 0:08:13.800 --> 0:08:18.600 international travel. But yes, right now in infrastructure. Mr Secretary, 0:08:18.640 --> 0:08:21.080 thank you so much for joining Bloomberg this morning. I 0:08:21.280 --> 0:08:25.360 lived the last infrastructure disaster, which as you drove out 0:08:25.440 --> 0:08:28.480 Indiana west and there was a point where I a 0:08:28.600 --> 0:08:32.040 d died and you had a two lane highway west. 0:08:32.400 --> 0:08:35.640 We're going back to that on the condition of our infrastructure, 0:08:36.040 --> 0:08:39.200 and we're doing it because we cannot figure out how 0:08:39.240 --> 0:08:42.600 to do a gas tax. Can't you do a gas 0:08:42.640 --> 0:08:46.560 tax that will pay for the roads, rebuild America and 0:08:46.600 --> 0:08:51.719 also be politically acceptable for Democrats. Well, it turns out 0:08:51.760 --> 0:08:54.200 you don't have to. And what's so great about the 0:08:54.360 --> 0:08:57.960 bipartisan infrastructure framework that the President led that a set 0:08:57.960 --> 0:09:02.000 of Democratic senators and Republican consenators have come together on, 0:09:02.120 --> 0:09:05.360 is that it will deliver the biggest investment in American 0:09:05.440 --> 0:09:08.840 infrastructure in more than a generation, the biggest investment in 0:09:08.880 --> 0:09:12.440 our roads and bridges since Eisenhower, the biggest investment in 0:09:12.480 --> 0:09:16.600 passenger rail since Amtrak, the biggest investment in public transit ever, 0:09:17.040 --> 0:09:19.839 without having to ask Americans to pay any more in 0:09:19.920 --> 0:09:22.760 taxes any American who makes less than four hundred thousand 0:09:22.760 --> 0:09:24.959 dollars a year. This is a promise that the President 0:09:25.040 --> 0:09:27.720 made when he was running for president, he plans to 0:09:27.800 --> 0:09:30.439 keep that promise, and so he was very firm on that. 0:09:31.000 --> 0:09:34.360 But what's clear is that it is absolutely possible to 0:09:34.600 --> 0:09:37.880 make these kinds of investments by looking to other funding 0:09:37.920 --> 0:09:41.440 sources that don't ask that of ordinary Americans. And we're 0:09:41.440 --> 0:09:46.520 thrilled that this critical mass of Republican and Democratic senators agree. 0:09:47.000 --> 0:09:48.600 We think it's one of the reasons why so many 0:09:48.640 --> 0:09:51.120 Americans agree that this is the right thing to do. Now, 0:09:51.160 --> 0:09:53.120 we need Congress to move it forward, get it to 0:09:53.120 --> 0:09:56.040 the President's desk so that we can get those dollars working, 0:09:56.080 --> 0:09:58.840 whether it's on our highways and bridges, are our airports 0:09:58.840 --> 0:10:01.280 and ports, or on some of the things that are 0:10:01.280 --> 0:10:04.360 newer to the infrastructure picture, like our digital infrastructure and 0:10:04.360 --> 0:10:08.000 getting everybody online. You mentioned Dwight David Eisenhower. I remember 0:10:08.040 --> 0:10:11.000 going off the infrastructure road of Kansas onto the two 0:10:11.080 --> 0:10:15.520 lane highway to his museum. All wonderful. Dwight Eisenhower. I 0:10:15.520 --> 0:10:18.560 had to fight his Republicans to get the vision of 0:10:18.559 --> 0:10:22.040 the interstate highway system done. How can you bring over 0:10:22.120 --> 0:10:28.160 Republicans to get a majority vote to rebuild America? You know, uh, 0:10:28.200 --> 0:10:31.600 I found that people don't agree on much here in Washington, 0:10:31.679 --> 0:10:34.240 across party lines, but they agree on the needs, as 0:10:34.280 --> 0:10:37.920 you've been describing, and as every American sees. You know, 0:10:37.960 --> 0:10:41.920 when I'm talking to two householdce Senate members, Republican or Democrat, 0:10:42.120 --> 0:10:44.320 what what I noticed that they all have in commas. 0:10:44.320 --> 0:10:47.120 They're all from somewhere. They're all home right now, actually 0:10:47.120 --> 0:10:51.160 this week, during this July four recess, they're all home 0:10:51.200 --> 0:10:53.319 talking to constituents saying, when are we going to get 0:10:53.320 --> 0:10:56.160 this bridge fixed? Why is our airport looking the way 0:10:56.200 --> 0:11:00.480 it's looking. How how are we this far behind on 0:11:00.480 --> 0:11:02.640 on on transit or whatever it is in their district? 0:11:02.720 --> 0:11:06.079 And so, yes, I do believe that that that we 0:11:06.160 --> 0:11:10.640 have finally reached this point of if not consensus, then overlap. 0:11:10.720 --> 0:11:13.400 And I think that's why you had this remarkable site 0:11:13.440 --> 0:11:15.760 of the President walking out of the West Wing a 0:11:15.760 --> 0:11:19.200 few days ago, flanked by Democratic and Republican senators saying 0:11:19.520 --> 0:11:21.640 we have a deal. Now we have a deal is 0:11:21.640 --> 0:11:23.720 not the same thing as we have a bill. That's 0:11:23.720 --> 0:11:27.000 what's happening right now, turning it into legislative text, moving 0:11:27.000 --> 0:11:30.600 it through these processes, UH committees that have jurisdiction over this. 0:11:30.760 --> 0:11:33.920 There's a lot of machinery, especially this month of July 0:11:34.080 --> 0:11:37.040 that is going through its motions here in Washington. But 0:11:37.559 --> 0:11:40.920 it's it's resulting. I believe in in the opportunity for 0:11:41.000 --> 0:11:43.520 something that that we have needed for really the better 0:11:43.559 --> 0:11:46.960 part of my lifetime as we've watched these uh, these 0:11:46.960 --> 0:11:50.160 investments degrade, as we've coasted off of decisions that were 0:11:50.200 --> 0:11:52.040 made generations ago. You know, last time I was in 0:11:52.040 --> 0:11:54.280 New York was to look at the Hudson River Tunnels, 0:11:54.559 --> 0:11:59.000 the finest infrastructure technology of nineteen ten, and we're still 0:11:59.000 --> 0:12:01.760 depending on. Look at the john Look at the shade 0:12:01.800 --> 0:12:04.520 the Secretary gives to New York City. Missed the Secretary. 0:12:04.559 --> 0:12:06.200 There are some things that are easy to get down 0:12:06.240 --> 0:12:09.160 and haven't been done. Infrastructure, it's one of them, my guests. 0:12:09.200 --> 0:12:11.640 Another is international travel restrictions. We want to work out 0:12:11.640 --> 0:12:14.439 when we get an update from your administration, when it's 0:12:14.440 --> 0:12:18.720 not going to happen, so it unfortunately it can't be 0:12:18.800 --> 0:12:22.000 based on an arbitrary date. It has to be based 0:12:22.040 --> 0:12:24.400 on conditions. But I can tell you as as a 0:12:24.640 --> 0:12:29.240 Transportation secretary, of course, I am as impatient as anybody 0:12:29.600 --> 0:12:32.360 uh to see us move as as quickly as we 0:12:32.400 --> 0:12:36.840 responsibly can toward more forms of reopening right now. What's 0:12:36.840 --> 0:12:39.160 going on is a set of working group processes, so 0:12:39.160 --> 0:12:42.360 we've can been working groups with our international partners. Is 0:12:42.400 --> 0:12:45.280 one for the UK, one for the EU, one for Canada, 0:12:45.600 --> 0:12:49.440 one for Mexico to determine the right pathway forward. A 0:12:49.480 --> 0:12:52.080 lot of this is based on what's going on with 0:12:52.120 --> 0:12:55.440 progress on the vaccines. Obviously we see good news and 0:12:55.440 --> 0:12:57.680 bad news out there. In terms of the variants, one 0:12:57.760 --> 0:13:01.000 moment you're reading about a variant happening across the world. 0:13:01.040 --> 0:13:03.960 The next you know it's becoming the dominant strain here 0:13:03.960 --> 0:13:05.400 in the US, and it is, sir, and if you 0:13:05.400 --> 0:13:07.160 allow me to jump in, because we pushed for time, 0:13:07.320 --> 0:13:10.280 the data variant has become the dominant strain here in 0:13:10.280 --> 0:13:12.640 the United States for America recording to the CDC, and 0:13:12.720 --> 0:13:17.600 very quickly so too. From my position personally, forgive me 0:13:17.640 --> 0:13:19.200 for saying this, but you didn't have to watch your 0:13:19.200 --> 0:13:22.200 father's funeral down the screen of an iPhone on Tuesday. 0:13:22.240 --> 0:13:25.600 I did because of your policies. Now, I expected you 0:13:25.640 --> 0:13:28.000 to bring up the science and I expected the quote 0:13:28.200 --> 0:13:29.839 that came from you to be used because you used 0:13:29.840 --> 0:13:32.280 it a month ago, two months ago, here in the 0:13:32.280 --> 0:13:35.400 policies for our audience so they understand them. Currently, if 0:13:35.440 --> 0:13:38.320 you're a citizen of the United States for America, or 0:13:38.360 --> 0:13:40.640 if you have a Green Card, you can travel to 0:13:40.760 --> 0:13:44.000 the UK and you can fly directly back. If you 0:13:44.040 --> 0:13:46.320 have an H one B visa or an NOW one, 0:13:46.640 --> 0:13:48.839 you can fly to the UK. But to come back 0:13:48.880 --> 0:13:51.200 to America you need to go to Mexico City and 0:13:51.240 --> 0:13:53.920 spend two weeks there in a third country to get 0:13:53.960 --> 0:13:56.800 back to New York. Sir, forgive me, but I've spoken 0:13:56.800 --> 0:14:00.000 to scientists about this, and there is no scientific rationale 0:14:00.160 --> 0:14:03.080 for that policy. So for me and thousands of others 0:14:03.080 --> 0:14:04.640 who haven't got to be with their loved ones through 0:14:04.640 --> 0:14:07.600 a critical time because of your policies, sir, there will 0:14:07.640 --> 0:14:10.240 be thousands more if you carry on repeating the same 0:14:10.280 --> 0:14:13.160 line and don't just look at this and change it. 0:14:13.559 --> 0:14:16.640 Why are you not changing the policy when we have 0:14:16.720 --> 0:14:20.680 scientists day after day say there's no scientific rationale for 0:14:20.840 --> 0:14:24.120 maintaining it. Well, first of all, let me say I'm 0:14:24.160 --> 0:14:26.720 sorry to hear about your father, And let me also 0:14:26.800 --> 0:14:31.400 say that I am among those who are impatient to 0:14:31.440 --> 0:14:34.800 see loved ones who live across the Atlantic. Let me 0:14:34.880 --> 0:14:37.800 also say that the US is going to be conservative. 0:14:39.240 --> 0:14:42.280 For give me for jump again to jump against keep. 0:14:42.360 --> 0:14:44.520 You keep going back to this, and there is no 0:14:44.640 --> 0:14:48.800 scientific rationale to distraw a distinction between someone who has 0:14:48.840 --> 0:14:51.760 a green card and H one b vis or an 0:14:51.760 --> 0:14:54.640 now one. You know that. I know that. Regardless of 0:14:54.640 --> 0:14:56.480 anything you say for the next couple of minutes, it's 0:14:56.520 --> 0:14:59.040 not going to justify it. What I need to understand 0:14:59.080 --> 0:15:02.520 from you as a policy maker is why thousands of 0:15:02.560 --> 0:15:06.000 people who live in this country legally and pay taxes 0:15:06.240 --> 0:15:09.480 cannot go home to see loved ones and return directly. 0:15:09.720 --> 0:15:12.800 And why you still repeat the same line again and 0:15:12.840 --> 0:15:15.640 again and again. It doesn't make it true. You do 0:15:15.720 --> 0:15:18.320 not have a scientific rational for this. You cannot back 0:15:18.360 --> 0:15:21.200 it up with science. Why you're not going go away 0:15:21.240 --> 0:15:27.600 with policy makers and doing something so our tools are imperfect, right, 0:15:27.840 --> 0:15:31.760 we are dealing with a country based framework for assessing risk, 0:15:32.360 --> 0:15:34.920 when in a perfect world we would know all the 0:15:34.960 --> 0:15:39.080 information we needed to have for a traveler based framework. 0:15:39.200 --> 0:15:42.960 We can move in that direction somewhat. That's more refined 0:15:43.000 --> 0:15:47.280 and ultimately more accurate from a risk assessment perspective, but 0:15:47.520 --> 0:15:50.600 we don't have the toolkit to do that. In a 0:15:50.680 --> 0:15:54.520 way that would be as smooth as as we would want. 0:15:54.720 --> 0:15:58.440 So we're going to continue to have a strategy led 0:15:58.440 --> 0:16:03.120 by public health authorities, guided by Homeland Security c d C, 0:16:03.720 --> 0:16:07.480 my department at the table to reopen travel as quickly 0:16:07.520 --> 0:16:11.800 as we responsibly can. I'm not talking about a broad 0:16:11.800 --> 0:16:14.880 based reopening. Forget me for jumping in. Just just allow 0:16:14.960 --> 0:16:16.400 me to get this thought. And because it's important to 0:16:16.440 --> 0:16:19.560 what you're about to say, I need you to understand 0:16:20.440 --> 0:16:23.960 that I'm talking about working people in this country who 0:16:24.000 --> 0:16:26.240 are working here legally. With the stroke of a pen, 0:16:27.080 --> 0:16:29.600 you can enable thousands of people in this country who 0:16:29.680 --> 0:16:33.680 work illegally and pay taxes to return home to loved ones. 0:16:33.920 --> 0:16:36.840 And you can do that by making an equal treatment 0:16:37.080 --> 0:16:39.520 for people with an H one B and our one 0:16:39.920 --> 0:16:42.640 a green card at a resident of this country. You 0:16:42.680 --> 0:16:45.680 know that's not difficult. That's not a large change. That's 0:16:45.720 --> 0:16:48.400 allowing people who work in this country to get back 0:16:48.440 --> 0:16:51.200 and see loved ones like they want to. And so 0:16:51.480 --> 0:16:53.200 I'm not going to lay on this this on any 0:16:53.240 --> 0:16:55.840 thicker than I already have. You didn't have to watch 0:16:55.920 --> 0:16:59.800 your mom stand by your father's casket in a few 0:17:00.000 --> 0:17:03.320 old two days ago because you won't do what I'm describing. 0:17:03.440 --> 0:17:06.920 It's easy, and us together in this conversation, I hope 0:17:06.960 --> 0:17:09.920 you go away and make the changes so that thousands 0:17:09.960 --> 0:17:12.160 of other people don't have to go through when I've 0:17:12.200 --> 0:17:17.440 gone through in the last month. Can we make that happen, sir? So, 0:17:17.720 --> 0:17:20.680 these are exactly the kinds of things that we're reviewing 0:17:20.840 --> 0:17:24.320 on a daily basis. I'm the Transportation Secretary. My entire 0:17:24.400 --> 0:17:27.240 job is to do everything I can to safely get 0:17:27.280 --> 0:17:29.159 people to where they need to be and where they 0:17:29.200 --> 0:17:31.160 want to be, whether it's to be with loved ones, 0:17:31.480 --> 0:17:34.280 whether it's to do business. But it's literally what I'm 0:17:34.320 --> 0:17:38.800 here in Washington to do. Nothing about this, respectfully, Nothing 0:17:38.840 --> 0:17:42.040 about this is easy. We're dealing with a phenomenon that 0:17:42.080 --> 0:17:45.600 has led to the debts of six hundred thousand Americans. 0:17:45.840 --> 0:17:51.240 We're dealing with imperfect information, complex policies, legacy policies. Nothing 0:17:51.280 --> 0:17:53.240 about this is easy. But what I will tell you 0:17:53.480 --> 0:17:56.439 is we're doing everything we can as quickly as we 0:17:56.520 --> 0:18:01.119 responsibly can to get back up and running. Mr Secretary, 0:18:01.200 --> 0:18:05.880 Would you support a passport equivalent? I have a passport. 0:18:06.359 --> 0:18:10.040 I happen to study microbiology. A few years ago why 0:18:10.080 --> 0:18:13.879 can't I get a passport, a federal passport that says 0:18:13.920 --> 0:18:18.000 I've been vaccinated. Well, there are a lot of privacy 0:18:18.080 --> 0:18:20.639 and technology issues, but I do think it's worth noting. 0:18:20.760 --> 0:18:23.280 You know, you may have had this experience too. I 0:18:23.320 --> 0:18:27.240 had it when I was younger traveling internationally of carrying 0:18:27.400 --> 0:18:32.040 a yellow uh CDC passport that reflected the vaccinations UH, 0:18:32.119 --> 0:18:34.680 that that I needed to demonstrate that I had to 0:18:35.000 --> 0:18:37.840 travel to parts of Southeast Asia and Africa. We we 0:18:37.920 --> 0:18:40.760 have forms of this that are frankly very low tech 0:18:40.880 --> 0:18:43.199 and out of take. How to balance that with the 0:18:43.200 --> 0:18:46.200 privacy issues is a challenge, and we've decided that it's 0:18:46.240 --> 0:18:51.000 not the federal government's job to establish these kinds of requirements, 0:18:51.040 --> 0:18:53.439 but it is important to make sure that there are 0:18:53.440 --> 0:18:56.399 ways for people who want to demonstrate that they are 0:18:56.480 --> 0:18:59.720 vaccinated to to to prove it. And UH We've seen 0:18:59.760 --> 0:19:02.160 a lot out of third party and private sector ways 0:19:02.200 --> 0:19:03.800 to do this, and I think that's going to continue 0:19:03.800 --> 0:19:06.760 to develop and needs to have continued support at the 0:19:06.800 --> 0:19:09.560 policy level too. What's your biggest headache right now and 0:19:09.680 --> 0:19:13.159 getting this infrastructure plans through? I know you're managing a 0:19:13.240 --> 0:19:17.800 message every day and certainly We've seen that with President Biden. 0:19:18.200 --> 0:19:22.800 This is a big emotional piece of American legislation. How 0:19:22.800 --> 0:19:26.000 do you get it through with a fractious Senate? I 0:19:26.000 --> 0:19:27.680 think the biggest thing is not to let the politics 0:19:27.680 --> 0:19:31.199 get in the way with people are impatient for this 0:19:31.240 --> 0:19:34.680 to happen. But it's been infrastructure Week for a good 0:19:34.760 --> 0:19:37.280 decade or so, and we need to demonstrate that it's 0:19:37.280 --> 0:19:41.359 actually going to get done this time. Look, the policy 0:19:41.800 --> 0:19:44.280 framework is clear, the pathway forward is clear. We need 0:19:44.320 --> 0:19:46.720 these roads and bridges, we need better airports. There's a 0:19:46.960 --> 0:19:48.760 there are listings of airports, were not one of the 0:19:48.800 --> 0:19:51.480 top twenty five is actually in the United States. That's 0:19:51.720 --> 0:19:54.920 unacceptable to the president. I think it's unacceptable to most Americans. 0:19:54.960 --> 0:19:57.199 We want to get this done. UH. The biggest thing 0:19:57.280 --> 0:19:59.040 we have to do is actually move it through Congress 0:19:59.080 --> 0:20:02.080 and make sure that as this turns into the very 0:20:02.119 --> 0:20:06.679 specific mechanical legislative text, that we're tearing down any obstacles 0:20:06.960 --> 0:20:09.199 to getting into the President's desk. But I feel an 0:20:09.280 --> 0:20:11.760 enormous amount of momentum for this on both sides of 0:20:11.760 --> 0:20:14.320 the aisle UH, and our job is to make sure 0:20:14.359 --> 0:20:16.320 that that moment momentum gets us all the way across 0:20:16.359 --> 0:20:19.359 the finish line. Mr Sextrae, I appreciate it's on this morning, 0:20:19.480 --> 0:20:22.360 and thank you very much for hearing questions and from 0:20:22.359 --> 0:20:26.080 responding to them to Puddh Judge, the U S Secretary 0:20:26.359 --> 0:20:34.199 of Transportation right now, and we've been just thrilled what 0:20:34.280 --> 0:20:36.520 our booking team has done to bring in equity voices. 0:20:36.560 --> 0:20:39.720 Liz Ande Saunders with us at Yar Danny yesterday Abbey, 0:20:39.800 --> 0:20:43.000 Joseph Cohen, and now we continue with Jonathan Gollub of 0:20:43.000 --> 0:20:46.880 Credit Sweets. His calls early in the year were distinct 0:20:47.280 --> 0:20:49.520 and they were different. We get an update this morning, 0:20:49.560 --> 0:20:52.520 John Gallub, can you give me SMP five thousand this morning? 0:20:52.680 --> 0:20:55.679 I gotta make some news. I don't know if I 0:20:55.680 --> 0:20:58.199 can give SP five thousand. But the things that have 0:20:58.280 --> 0:21:01.400 made me optimistic about the more get are still in place, 0:21:02.000 --> 0:21:05.360 UM the and more than anything else, it's earnings. We're 0:21:05.359 --> 0:21:08.520 gonna start to hear UM. I think it's next Tuesday. 0:21:08.840 --> 0:21:12.080 From JP Morgan in the Big Banks, the consensus view 0:21:12.160 --> 0:21:16.000 is that we'll have sixty one upside and earnings versus 0:21:16.040 --> 0:21:18.440 a year ago. Our read is that that number is 0:21:18.480 --> 0:21:21.600 gonna be sev and if we're wrong, We're too long. Okay, 0:21:21.600 --> 0:21:23.720 so this is really important, folks. We're gonna stop the 0:21:23.720 --> 0:21:26.640 show right now because this is critical. We're gonna get 0:21:26.640 --> 0:21:29.720 to that earnings call. We all know consensus is different 0:21:29.720 --> 0:21:32.440 now that it's ever been. John gottub, can you make 0:21:32.440 --> 0:21:36.359 a shift to secular growth based off those earnings or 0:21:36.440 --> 0:21:38.440 you gotta hide in the hole because the world's gonna 0:21:38.480 --> 0:21:41.880 come to an end eighteen months later? No, I mean 0:21:41.880 --> 0:21:45.440 I I don't think that this story is has changed 0:21:45.480 --> 0:21:48.240 as much as the headlines are. I think there's two battles. 0:21:48.600 --> 0:21:51.919 The fundamentals are unbelievably strong. This is gonna be the 0:21:51.960 --> 0:21:56.720 strongest GDP corder we've seen. The economic data is generally 0:21:56.840 --> 0:22:01.200 very good and continues to improve. Value is cheaper than 0:22:01.320 --> 0:22:06.639 growth cyclical old economy. Boring companies are delivering stronger growth. 0:22:06.720 --> 0:22:09.800 These are companies like mining companies, things like that. Now, 0:22:10.080 --> 0:22:13.320 if you look at what happens, however, when interest rates fall, 0:22:13.840 --> 0:22:18.320 the market favors growth stocks in a falling interest rate environment, 0:22:18.760 --> 0:22:21.879 this is all of the market is great. The question is, 0:22:21.920 --> 0:22:24.960