1 00:00:02,200 --> 00:00:06,520 Speaker 1: Live from our nation's capital. This is Bloomberg sound Off. 2 00:00:07,040 --> 00:00:09,440 Speaker 1: The parties are divided in terms of the effect that 3 00:00:09,480 --> 00:00:12,360 Speaker 1: the stimulus is going to have. This inflation debate has 4 00:00:12,440 --> 00:00:15,240 Speaker 1: really been heating up the effect of what the Biden 5 00:00:15,280 --> 00:00:20,759 Speaker 1: administration is spending on political capital. Bloomberg sound On. The insiders, 6 00:00:20,840 --> 00:00:24,479 Speaker 1: the influencers, the insights, a group of centrists are the 7 00:00:24,600 --> 00:00:28,080 Speaker 1: key senators to watch Jill Biden get. Number one focus 8 00:00:28,120 --> 00:00:31,520 Speaker 1: in addition to the COVID health crisis is jobs. I 9 00:00:31,560 --> 00:00:34,120 Speaker 1: don't think we have red roads and blu roads, and 10 00:00:34,200 --> 00:00:36,920 Speaker 1: that's the way we're looking at this. Schoomberg Sound On 11 00:00:37,320 --> 00:00:43,680 Speaker 1: with Devin Surreling on Bloomberg Radio. A hundred million vaccines 12 00:00:43,960 --> 00:00:47,800 Speaker 1: more than they thought they were going to get the 13 00:00:47,800 --> 00:00:51,000 Speaker 1: Biden administration marks a key milestone in the fight to 14 00:00:51,159 --> 00:00:55,000 Speaker 1: combat COVID nineteen plus. We check in with Congresswoman Haley Stevens, 15 00:00:55,000 --> 00:01:01,160 Speaker 1: a Democrat from Michigan's eleventh congressional district, and Congressman Ken Buck, 16 00:01:01,320 --> 00:01:05,160 Speaker 1: a Republican from Colorado. An all star lineup, just a 17 00:01:05,200 --> 00:01:08,520 Speaker 1: massive headline on that Amazon NFL deal, hundred and five 18 00:01:08,600 --> 00:01:13,200 Speaker 1: billion dollar worth TV deal, Amazon taking Thursday Night football 19 00:01:13,720 --> 00:01:16,400 Speaker 1: Court gutters folks, they are a real thing. My name 20 00:01:16,440 --> 00:01:18,920 Speaker 1: is Kevin Sili. I'm the chief Washington correspondent for Bloomberg 21 00:01:18,959 --> 00:01:22,680 Speaker 1: Television and for Bloomberg Radio. I'm accompanied by the all 22 00:01:22,720 --> 00:01:27,560 Speaker 1: Star policy panel, including Bloomberg Politics contributor Rick Davis and 23 00:01:27,680 --> 00:01:32,640 Speaker 1: Bloomberg Politics editor Wendy Benjaminson. We begin tonight with President 24 00:01:32,720 --> 00:01:35,840 Speaker 1: Joe Biden announcing that from the White House today, the 25 00:01:35,920 --> 00:01:39,840 Speaker 1: United States tomorrow will clinch the goal of administering one 26 00:01:39,959 --> 00:01:43,839 Speaker 1: hundred million COVID vaccine shots and the first one hundred 27 00:01:43,920 --> 00:01:47,279 Speaker 1: days of his presidency, reaching the mark six weeks ahead 28 00:01:47,280 --> 00:01:49,840 Speaker 1: of time, but he added that there is still a 29 00:01:49,880 --> 00:01:52,240 Speaker 1: long way to go. Take a listen to the sound 30 00:01:52,280 --> 00:01:57,080 Speaker 1: on the shots. I'm proud to but tomorrow, fifty eight 31 00:01:57,160 --> 00:02:00,559 Speaker 1: days into our administration, we will have met my goal 32 00:02:00,640 --> 00:02:05,680 Speaker 1: of ministering one hundred million shots. To our fellow Americans, 33 00:02:06,240 --> 00:02:11,760 Speaker 1: keep the faith, keep wearing a mask, keep washing your hands, 34 00:02:11,840 --> 00:02:16,160 Speaker 1: and keep socially distanced. We're gonna beat this. We're way 35 00:02:16,200 --> 00:02:19,080 Speaker 1: ahead of schedule. We got a long way to go, 36 00:02:20,919 --> 00:02:23,880 Speaker 1: Wenney Benjamin said, I mean this was largely anticipated, but 37 00:02:24,480 --> 00:02:27,600 Speaker 1: clearly a victory lap of sorts for the administration to 38 00:02:27,639 --> 00:02:31,400 Speaker 1: be taking absolutely a victory lap, and it comes on 39 00:02:31,440 --> 00:02:34,080 Speaker 1: the heels of passing the one point nine trillion dollar 40 00:02:35,040 --> 00:02:38,320 Speaker 1: COVID release bill, which was a big deal for for 41 00:02:38,480 --> 00:02:40,840 Speaker 1: Joe Biden to have a big legislative win like that 42 00:02:40,919 --> 00:02:44,080 Speaker 1: at the beginning. So yeah, he's he's taken the show 43 00:02:44,080 --> 00:02:46,600 Speaker 1: on the road to do victory laps all over the country. 44 00:02:46,840 --> 00:02:49,839 Speaker 1: I mean, he's saying a hundred million shots he said 45 00:02:49,840 --> 00:02:51,919 Speaker 1: in the first time to days he as he points 46 00:02:51,919 --> 00:02:53,640 Speaker 1: out he did it in a fifty eight days and 47 00:02:53,680 --> 00:02:58,120 Speaker 1: hopes to get it more of them out now. To 48 00:02:58,240 --> 00:03:00,720 Speaker 1: be sure, of course, is that that doesn't and everybody's 49 00:03:00,760 --> 00:03:04,560 Speaker 1: getting you know, vaccinated that quickly. There's he's making people 50 00:03:04,560 --> 00:03:07,400 Speaker 1: eligible and it's helping that some of the states are 51 00:03:07,720 --> 00:03:10,160 Speaker 1: still have to get people vaccinated. So it's going to 52 00:03:10,200 --> 00:03:12,160 Speaker 1: be a little while. Well to go global, just for 53 00:03:12,200 --> 00:03:15,359 Speaker 1: a second, diving into the Bloomberg terminal, European countries including 54 00:03:15,400 --> 00:03:19,760 Speaker 1: Germany and France, will restart using Astra Zeneca's COVID nineteen 55 00:03:19,880 --> 00:03:24,280 Speaker 1: vaccine after the European Unions Drug Regulator endorsed it as 56 00:03:24,400 --> 00:03:27,080 Speaker 1: safe and said it isn't linked to an increase in 57 00:03:27,120 --> 00:03:30,920 Speaker 1: the risk of blood clots again, Astra Zeneca going to 58 00:03:30,919 --> 00:03:34,560 Speaker 1: be restarted, that vaccination in Germany as well as France. 59 00:03:34,639 --> 00:03:37,080 Speaker 1: Rick Davis I mentioned that because I think it's important 60 00:03:37,120 --> 00:03:41,280 Speaker 1: to separate the politics from the vaccination implementation. And let's 61 00:03:41,280 --> 00:03:46,920 Speaker 1: be frank here, the Biden administration inherented a timetable because 62 00:03:46,960 --> 00:03:50,880 Speaker 1: of uh, the construction of what happened uh from the 63 00:03:50,920 --> 00:03:54,680 Speaker 1: public and the private partnership all throughout the last fifteen 64 00:03:54,680 --> 00:03:57,840 Speaker 1: months twelve months. Technically, that's right. I mean, look, this 65 00:03:57,920 --> 00:04:00,200 Speaker 1: is a victory for the American people. Uh, they're the 66 00:04:00,240 --> 00:04:03,680 Speaker 1: ones who are benefiting from these vaccines. Both administrations as 67 00:04:03,720 --> 00:04:06,360 Speaker 1: are some credit in the eyes of the public because 68 00:04:06,440 --> 00:04:09,280 Speaker 1: we didn't stub our toe on an astrosenca rollout right. 69 00:04:09,320 --> 00:04:12,240 Speaker 1: Our our vaccines have been proven effective. We didn't have 70 00:04:12,280 --> 00:04:17,159 Speaker 1: to take a step back. The infrastructure around the original 71 00:04:17,360 --> 00:04:22,599 Speaker 1: distribution worked within weeks of Joe Biden coming into office, 72 00:04:22,720 --> 00:04:25,600 Speaker 1: and and they built upon that and now have opened up, 73 00:04:25,600 --> 00:04:29,360 Speaker 1: as Wendy said, a much bigger funnel to push vaccines 74 00:04:29,400 --> 00:04:32,760 Speaker 1: into arms. And so look, I mean, ideally, what the 75 00:04:32,800 --> 00:04:35,080 Speaker 1: Biden administration can do, and I think they're trying to 76 00:04:35,120 --> 00:04:39,080 Speaker 1: do this is deep politicize the vaccine process, so that 77 00:04:39,120 --> 00:04:41,239 Speaker 1: people don't think if I'm a Republican and I shouldn't 78 00:04:41,240 --> 00:04:44,080 Speaker 1: get a vaccine. Uh. And I think that the more 79 00:04:44,120 --> 00:04:48,400 Speaker 1: they can prove that they can distribute effectively, reinstill confidence 80 00:04:48,440 --> 00:04:51,280 Speaker 1: in government, and de politicize it, we can we can 81 00:04:51,320 --> 00:04:55,320 Speaker 1: win the war on on COVID. But today it's a 82 00:04:55,320 --> 00:04:57,440 Speaker 1: good day for the administration, and as when he said, 83 00:04:57,480 --> 00:04:59,360 Speaker 1: it's not the first one they've had, that's a good day, 84 00:04:59,480 --> 00:05:03,320 Speaker 1: so we hope that that continues. Coming up on the program, 85 00:05:03,320 --> 00:05:05,960 Speaker 1: we're gonna check in with Congresswoman Haley Stevens, a Democrat 86 00:05:06,040 --> 00:05:10,279 Speaker 1: from Michigan's eleventh congressional district. She also is a member 87 00:05:10,400 --> 00:05:13,800 Speaker 1: of the House Committee on Education and Labor. When do 88 00:05:13,920 --> 00:05:17,360 Speaker 1: you alluded to the one point nine trillion dollars and stimulus? 89 00:05:17,800 --> 00:05:21,240 Speaker 1: Today we're talking about the one hundred million vaccines. The 90 00:05:21,240 --> 00:05:24,520 Speaker 1: most pressing issue for many American families as well as 91 00:05:24,560 --> 00:05:27,000 Speaker 1: families around the world, happens to be whether or not 92 00:05:27,040 --> 00:05:29,200 Speaker 1: their kids can go back to school. I'm definitely gonna 93 00:05:29,240 --> 00:05:33,240 Speaker 1: be asking Congresswoman Stevens about this given her role on 94 00:05:33,400 --> 00:05:36,479 Speaker 1: the House Committee on Education. But this has been a 95 00:05:36,520 --> 00:05:39,440 Speaker 1: sticking point for President Biden, especially as he's got to 96 00:05:39,480 --> 00:05:43,840 Speaker 1: navigate through uh an economy that's reopening, governors who are 97 00:05:43,880 --> 00:05:47,599 Speaker 1: bullish on reopening on the Republican side, and teachers unions 98 00:05:47,600 --> 00:05:51,000 Speaker 1: who quite frankly have been saying they don't want their 99 00:05:51,080 --> 00:05:55,280 Speaker 1: teachers going back to schools. That's right, And I think, um, 100 00:05:55,920 --> 00:05:59,080 Speaker 1: I might predict that the teachers unions are actually going 101 00:05:59,120 --> 00:06:02,479 Speaker 1: to be the ones um uh, sort of on the 102 00:06:02,560 --> 00:06:05,320 Speaker 1: left without a chair when the music stops, if they 103 00:06:05,440 --> 00:06:09,839 Speaker 1: keep up this position much longer, because it's becoming quite bipartisan. 104 00:06:09,960 --> 00:06:14,240 Speaker 1: I you know, I live in northern Virginia. There are 105 00:06:14,279 --> 00:06:18,480 Speaker 1: a lot of Democrats in my neighborhood, and they want 106 00:06:18,520 --> 00:06:21,479 Speaker 1: their kids back in school, and they don't care about 107 00:06:21,520 --> 00:06:24,960 Speaker 1: the teachers unions preferences on this, um, you know. And 108 00:06:25,120 --> 00:06:28,239 Speaker 1: so I think this is becoming a really bipartisan issue. 109 00:06:28,240 --> 00:06:30,640 Speaker 1: And and really the more kids say on school, it's 110 00:06:30,680 --> 00:06:34,359 Speaker 1: also not just a teachers union. Every study shows, and 111 00:06:34,640 --> 00:06:37,440 Speaker 1: you know, they're so obvious it's better for the kids 112 00:06:37,440 --> 00:06:40,200 Speaker 1: to be in school than sitting. Especially the kids want 113 00:06:40,200 --> 00:06:42,200 Speaker 1: to be in school. The kids want to be playing 114 00:06:42,560 --> 00:06:44,720 Speaker 1: preseason right now, and they want to be going back 115 00:06:44,760 --> 00:06:46,680 Speaker 1: to school. Look, I come from a family of teachers. 116 00:06:46,680 --> 00:06:48,200 Speaker 1: I got a sister who's a teacher. I got a 117 00:06:48,240 --> 00:06:52,159 Speaker 1: mother who's a substitute teacher following being a teacher, Rick Davis. Uh, 118 00:06:52,400 --> 00:06:54,320 Speaker 1: they want to be back in the classroom. I mean, 119 00:06:54,320 --> 00:06:57,520 Speaker 1: so you know, it's it's really become I think is 120 00:06:57,520 --> 00:07:01,560 Speaker 1: Wendy just so keenly pointed out when I'm in the 121 00:07:01,560 --> 00:07:04,320 Speaker 1: halls of Congress, when I'm talking to staffers, they want 122 00:07:04,360 --> 00:07:06,440 Speaker 1: to know. I'll never forget. I wrote it in my journal. 123 00:07:06,760 --> 00:07:09,080 Speaker 1: I wrote on my journal about that one staffer who's 124 00:07:09,080 --> 00:07:11,200 Speaker 1: a far left progressive. If you looked at me and said, so, 125 00:07:11,240 --> 00:07:14,160 Speaker 1: when is Mayor Bowser reopening the schools? Go ahead? Rick, Yeah, 126 00:07:14,240 --> 00:07:16,560 Speaker 1: and when they hit it. Uh, this is not a 127 00:07:16,600 --> 00:07:19,080 Speaker 1: partisan issue. I think this is one of the good 128 00:07:19,120 --> 00:07:21,440 Speaker 1: things that have come out of this. This COVID is 129 00:07:21,480 --> 00:07:25,080 Speaker 1: a focus on getting these kids back in schools and 130 00:07:24,880 --> 00:07:27,600 Speaker 1: and and I would say that that the Biden administration 131 00:07:27,720 --> 00:07:30,040 Speaker 1: will take a hit if they're not able to manage 132 00:07:30,040 --> 00:07:33,400 Speaker 1: through this this issue. How the teachers union, because they 133 00:07:33,720 --> 00:07:38,280 Speaker 1: are seen as a constituency to the Biden administration. Teachers 134 00:07:38,360 --> 00:07:42,600 Speaker 1: unions have always been sort of democratic voters, and so 135 00:07:42,960 --> 00:07:45,640 Speaker 1: when Republicans in Congress say the Biden administration isn't do 136 00:07:45,720 --> 00:07:47,480 Speaker 1: enough to put kids back to school. The reality is 137 00:07:47,520 --> 00:07:50,080 Speaker 1: these are local school districts, mayors, and governors who are 138 00:07:50,080 --> 00:07:52,520 Speaker 1: making these decisions. But the people who are making it 139 00:07:52,560 --> 00:07:55,840 Speaker 1: tough are the union members. And without the Biden administration 140 00:07:56,320 --> 00:07:59,360 Speaker 1: publicly going out and pushing them back to school, the 141 00:07:59,440 --> 00:08:04,880 Speaker 1: kids aren't to get there fast enough. It's particularly awkward 142 00:08:04,920 --> 00:08:07,520 Speaker 1: because Joe Biden is an educator. She's always been a 143 00:08:07,520 --> 00:08:10,160 Speaker 1: real friend of the teachers unions, and now there's some 144 00:08:10,680 --> 00:08:12,800 Speaker 1: going on. Well is I think what we've learned here 145 00:08:12,800 --> 00:08:15,040 Speaker 1: is there's a difference between being friends with the teachers 146 00:08:15,120 --> 00:08:19,520 Speaker 1: unions leadership and friends with being teachers with folks who 147 00:08:19,520 --> 00:08:22,240 Speaker 1: are actually teachers. There's a difference. There's a difference, like 148 00:08:22,320 --> 00:08:24,640 Speaker 1: at our lump it all right. Another headline and then 149 00:08:24,680 --> 00:08:28,440 Speaker 1: trust me, I know that firsthand given my family. Another 150 00:08:28,440 --> 00:08:31,640 Speaker 1: headline that we're monitoring tonight, of course, is Secretary of 151 00:08:31,680 --> 00:08:35,920 Speaker 1: State Tony B. Lincoln, and we are carefully carefully watching 152 00:08:35,960 --> 00:08:40,080 Speaker 1: the feed as he touches down and Anchorage, Alaska, where 153 00:08:40,080 --> 00:08:43,400 Speaker 1: he will be meeting with counterparts from Beijing, and of 154 00:08:43,440 --> 00:08:45,800 Speaker 1: course they are going to be talking, Rick Davis, about 155 00:08:45,880 --> 00:08:50,680 Speaker 1: a host of different policy UH, policy initiatives as it 156 00:08:50,720 --> 00:08:54,240 Speaker 1: relates to China. The most pressing is that Beijing wants 157 00:08:54,280 --> 00:08:59,640 Speaker 1: to hold a virtual talk on Earth Day April. But UH, 158 00:08:59,720 --> 00:09:02,320 Speaker 1: the United States has been putting pressure on a host 159 00:09:02,360 --> 00:09:07,040 Speaker 1: of different concerns rading ranging from the South China see 160 00:09:07,240 --> 00:09:12,920 Speaker 1: to operate military operations in Tawan and a semiconduct shorter 161 00:09:13,320 --> 00:09:18,480 Speaker 1: shortage in the Shenjang province. Mind you, that's where the 162 00:09:18,520 --> 00:09:22,280 Speaker 1: weaker minority abuses are taking place. Rick, Yeah, this is 163 00:09:22,320 --> 00:09:25,040 Speaker 1: a this is a really important meeting. UM. I think 164 00:09:25,080 --> 00:09:27,000 Speaker 1: the biggest thing that can come out of this is 165 00:09:27,040 --> 00:09:31,040 Speaker 1: whether or not UH, Joe Biden and Herman Chi actually 166 00:09:31,080 --> 00:09:33,839 Speaker 1: summit later on this year. Uh. It is not a guarantee. 167 00:09:34,160 --> 00:09:37,840 Speaker 1: Unlike previous administrations, this administration seems to understand that the 168 00:09:38,080 --> 00:09:41,280 Speaker 1: diplomacy better and doesn't make any promises going in. Right, 169 00:09:41,320 --> 00:09:43,800 Speaker 1: We'll see what happens in this meeting to decide whether 170 00:09:43,840 --> 00:09:46,200 Speaker 1: you get the credibility of meeting with the President United States. 171 00:09:46,240 --> 00:09:51,000 Speaker 1: That is exactly what old school diplomacy is all about. 172 00:09:51,080 --> 00:09:54,160 Speaker 1: And you're right, we have a litany of arguments to 173 00:09:54,200 --> 00:09:57,440 Speaker 1: make to the Chinese about their conduct both domestically with 174 00:09:57,520 --> 00:10:01,440 Speaker 1: their their holding back the chips UH that are critical 175 00:10:01,480 --> 00:10:04,400 Speaker 1: to manufacturing UH in the United States and elsewhere, but 176 00:10:04,480 --> 00:10:07,400 Speaker 1: also their conduct and raft of issues as you said, 177 00:10:07,440 --> 00:10:11,160 Speaker 1: human rights and the climate. The climate is one area 178 00:10:11,240 --> 00:10:13,880 Speaker 1: where I think the Chinese believe they can find common 179 00:10:13,920 --> 00:10:18,040 Speaker 1: cause with UM with the Biden administration, and that may 180 00:10:18,080 --> 00:10:20,120 Speaker 1: be the case, but there were going to be many 181 00:10:20,240 --> 00:10:22,400 Speaker 1: roads to hope before they get to that point. I 182 00:10:22,440 --> 00:10:25,400 Speaker 1: mentioned this to the Jonathan Pharaoh, my friend and colleague, 183 00:10:25,559 --> 00:10:29,960 Speaker 1: earlier today on Bloomberg Television, which is can you just 184 00:10:30,000 --> 00:10:34,120 Speaker 1: explain to us Rick how the environment issue as well 185 00:10:34,160 --> 00:10:39,280 Speaker 1: as the weaker abuses issue are linked given the medals 186 00:10:39,320 --> 00:10:41,600 Speaker 1: that are developed in the Shenzang province, which is where 187 00:10:41,640 --> 00:10:44,960 Speaker 1: the weaker abuses are taking place. Yeah, this is you know, 188 00:10:45,040 --> 00:10:48,600 Speaker 1: the sort of classic supply and problem that the Chinese 189 00:10:48,640 --> 00:10:52,079 Speaker 1: have and UH and what it is is the suppressing 190 00:10:52,080 --> 00:10:56,559 Speaker 1: a minority group who have pushed back against the Chinese 191 00:10:56,679 --> 00:11:00,280 Speaker 1: Communist Party UH and UH and and and in that 192 00:11:00,440 --> 00:11:04,720 Speaker 1: same region, the manpower that makes the raw materials in 193 00:11:04,720 --> 00:11:09,000 Speaker 1: the supply chain that exists for chip manufacturing has been 194 00:11:09,040 --> 00:11:11,520 Speaker 1: disrupted by this group. So it's not just they don't 195 00:11:11,520 --> 00:11:14,800 Speaker 1: believe in their religious beliefs or something. These are These 196 00:11:14,800 --> 00:11:17,720 Speaker 1: are people who they've had disruptions with that they're going 197 00:11:17,760 --> 00:11:20,880 Speaker 1: to clamp down on. You can't make a solar panel 198 00:11:22,200 --> 00:11:26,720 Speaker 1: without poly silicon, and that's made in the Shenjang province 199 00:11:26,720 --> 00:11:30,800 Speaker 1: where the wagers are being abused. I'm Kevin Cirelli, chief 200 00:11:30,800 --> 00:11:34,959 Speaker 1: Washington correspondent for Bloomberg Television and Bloomberg Radio. This is Bloomberg. 201 00:11:38,559 --> 00:11:43,600 Speaker 1: This is Bloomberg's Sound on with Kevin Surreley on Bloomberg Radio. 202 00:11:45,800 --> 00:11:49,520 Speaker 1: In the break, I heard from my colleague Scarlet Fool 203 00:11:49,520 --> 00:11:53,400 Speaker 1: Bloomberg Television, Boomog Radio. Scarlet Foo, who spoke with Congressman 204 00:11:53,400 --> 00:11:58,120 Speaker 1: Ted lu earlier today after the House Judiciary Committees hearing 205 00:11:58,480 --> 00:12:01,840 Speaker 1: on the anti Asian attack, and uh, we're gonna be 206 00:12:01,840 --> 00:12:06,080 Speaker 1: bringing for you those comments when we get them, as 207 00:12:06,160 --> 00:12:11,160 Speaker 1: lawmakers continue to condemn anti Asian attacks that have been 208 00:12:11,200 --> 00:12:16,400 Speaker 1: happening unfortunately, horrifically tragically all around the country. My name 209 00:12:16,440 --> 00:12:19,560 Speaker 1: is Kevin Curilian, the chief Washington correspondent for Bloomberg Television 210 00:12:19,559 --> 00:12:23,800 Speaker 1: and for Bloomberg Radio. I'm accompanied by my uh my 211 00:12:23,920 --> 00:12:26,520 Speaker 1: friend m colleague like I guess we're colleagues Rick Davis, 212 00:12:26,559 --> 00:12:30,400 Speaker 1: Bloomberg Politics contributor Rick Davis, and we're joined on the 213 00:12:30,440 --> 00:12:34,840 Speaker 1: telephone line by Congresswoman Haley Stevens, a Democrat from Michigan's 214 00:12:34,880 --> 00:12:38,199 Speaker 1: eleventh congressional district. She is the former chief of staff 215 00:12:38,280 --> 00:12:41,520 Speaker 1: to the US Auto Rescue Task Force, which is the 216 00:12:41,559 --> 00:12:48,000 Speaker 1: federal initiative responsible for saving correct word, they're saving General Motors, Chrysler, 217 00:12:48,640 --> 00:12:52,240 Speaker 1: and the auto industry, especially in Michigan. She played a 218 00:12:52,320 --> 00:12:55,000 Speaker 1: key role in setting up the Office of Recovery for 219 00:12:55,040 --> 00:12:59,080 Speaker 1: the Automotive Communities and Workers and the White House Office 220 00:12:59,120 --> 00:13:02,920 Speaker 1: of Manufacturing Policy back in the Obama administration. Congress Woman, 221 00:13:02,960 --> 00:13:04,240 Speaker 1: it's great to have you on. We've been talking a 222 00:13:04,240 --> 00:13:08,840 Speaker 1: lot about global supply chains, especially given Secretary Lincoln's trip 223 00:13:08,920 --> 00:13:12,280 Speaker 1: to meet with Beijian counterparts in Alaska that is underway 224 00:13:12,320 --> 00:13:16,040 Speaker 1: that we are carefully monitoring as well. And I guess 225 00:13:16,040 --> 00:13:19,319 Speaker 1: I want to ask you first and foremost, how important 226 00:13:19,440 --> 00:13:23,160 Speaker 1: is it to diversify the supply chain, not even just 227 00:13:23,240 --> 00:13:25,679 Speaker 1: back to the United States to get more manufacturing jobs 228 00:13:25,679 --> 00:13:28,800 Speaker 1: in the United States, but also away from China and 229 00:13:28,800 --> 00:13:32,280 Speaker 1: around the world. Yeah, there's a couple of things as 230 00:13:32,480 --> 00:13:36,680 Speaker 1: we talk about diversification that are important. One allow me 231 00:13:36,720 --> 00:13:39,720 Speaker 1: to apply to the Michigan and Lens and by the way, Kevin, 232 00:13:39,760 --> 00:13:44,320 Speaker 1: great to be talking with you as usual, Lens here quickly, 233 00:13:44,800 --> 00:13:49,640 Speaker 1: which is um, Look, we two decades ago heavily reliant 234 00:13:49,800 --> 00:13:55,760 Speaker 1: exclusively on automotive, an entire supply base, all concentrated in 235 00:13:55,840 --> 00:14:01,079 Speaker 1: southeastern Michigan. And recognizing just as the two thousand and 236 00:14:01,120 --> 00:14:05,120 Speaker 1: eight downturn was hitting dead, we we needed to diversify, 237 00:14:05,240 --> 00:14:09,280 Speaker 1: and you saw some some steps to connect automotive suppliers 238 00:14:09,320 --> 00:14:14,800 Speaker 1: to aerospace defense manufacturers. Then when the downturn actually happened, 239 00:14:15,000 --> 00:14:18,480 Speaker 1: that went into warp speed and it was a program 240 00:14:18,520 --> 00:14:21,200 Speaker 1: that was started by the Chamber of Commerce in Detroit 241 00:14:21,360 --> 00:14:24,080 Speaker 1: and then taken over by the state. And now when 242 00:14:24,080 --> 00:14:28,240 Speaker 1: I go and see my manufacturers, yes, still heavily selling 243 00:14:28,240 --> 00:14:32,200 Speaker 1: an automotive, but they are diversified. Well, you're also though, 244 00:14:32,240 --> 00:14:35,440 Speaker 1: talking about Kevin. That's very important here is our over 245 00:14:35,560 --> 00:14:40,760 Speaker 1: reliance on foreign production and foreign manufacturing. So with semiconductors, 246 00:14:41,320 --> 00:14:44,520 Speaker 1: you've got the stats on this. We've got semiconductors and 247 00:14:44,720 --> 00:14:48,520 Speaker 1: companies here in the United States. In fact, my office 248 00:14:48,760 --> 00:14:51,920 Speaker 1: in Levote, yes, around the corner from Infinian. It's just 249 00:14:52,000 --> 00:14:55,880 Speaker 1: that of the production happening here and we ceded it 250 00:14:55,920 --> 00:14:59,960 Speaker 1: to Taiwan. Now, our supply chains are global. Their complying. 251 00:15:00,440 --> 00:15:03,960 Speaker 1: I go and meet with my manufacturers there buying large. 252 00:15:04,000 --> 00:15:08,040 Speaker 1: They're either exporting or they've got foreign production taking place. 253 00:15:08,360 --> 00:15:11,440 Speaker 1: What we want to do and what the Biden administration 254 00:15:12,320 --> 00:15:15,840 Speaker 1: should take on is a feeling of what I call 255 00:15:15,960 --> 00:15:20,360 Speaker 1: the missing middle where we aren't manufacturing in America, and 256 00:15:20,360 --> 00:15:23,920 Speaker 1: how we should start to manufacture the missing middle. This 257 00:15:24,000 --> 00:15:26,680 Speaker 1: is important, folks, the missing middle. And again we we 258 00:15:26,680 --> 00:15:28,200 Speaker 1: we this is what we do on this program. We've 259 00:15:28,240 --> 00:15:30,480 Speaker 1: really try to bring you the wonks, for lack of 260 00:15:30,480 --> 00:15:33,840 Speaker 1: a better word, who work in the policy the missing middle. 261 00:15:33,960 --> 00:15:38,360 Speaker 1: Describing the Congresswoman Haley Stevens, Democrat from Michigan's eleventh Congressional 262 00:15:38,480 --> 00:15:42,200 Speaker 1: Congressional district, the missing middle of the global supply chains 263 00:15:42,240 --> 00:15:48,280 Speaker 1: get granular absolutely well, you have over six of manufacturers 264 00:15:48,280 --> 00:15:52,400 Speaker 1: who saw disrupted supply chain, and you have we have 265 00:15:52,480 --> 00:15:56,120 Speaker 1: a challenge here where take for example, what we're looking 266 00:15:56,160 --> 00:15:59,400 Speaker 1: at with the White House Buy American initiative, we're looking 267 00:15:59,440 --> 00:16:02,960 Speaker 1: at three P send of procurement that is likely skipping 268 00:16:03,120 --> 00:16:07,440 Speaker 1: over where we could be buying directly from American manufacturers. 269 00:16:07,680 --> 00:16:11,280 Speaker 1: What I've asked of the White House is we've got 270 00:16:11,320 --> 00:16:14,840 Speaker 1: to identify where we aren't making here and how we 271 00:16:15,120 --> 00:16:19,280 Speaker 1: start to make here. Another example of this, we all 272 00:16:19,320 --> 00:16:23,240 Speaker 1: remember the Recovery Act from two thousand nine two thousand ten. 273 00:16:23,680 --> 00:16:26,680 Speaker 1: We had high speed rail initiatives put in there, all 274 00:16:26,760 --> 00:16:29,120 Speaker 1: had by American provisions, and then we came up for 275 00:16:29,360 --> 00:16:32,200 Speaker 1: Eric realized we don't even have a passenger rail car 276 00:16:32,280 --> 00:16:35,520 Speaker 1: manufacturer left in the United States. On Monday, I was 277 00:16:35,600 --> 00:16:39,120 Speaker 1: visiting soul Brain, an electro lights manufacturer doing all the 278 00:16:39,200 --> 00:16:44,040 Speaker 1: chemical processing going into the lithium ion battery. Maybe even 279 00:16:44,040 --> 00:16:45,720 Speaker 1: have talked to you about this company on the show, 280 00:16:47,800 --> 00:16:51,000 Speaker 1: but I just saw him again. So they've grown, They've grown, 281 00:16:51,040 --> 00:16:53,400 Speaker 1: So they had twenty five employees two years ago when 282 00:16:53,400 --> 00:16:56,360 Speaker 1: I last saw, they had sixty employees today. But they 283 00:16:56,360 --> 00:16:59,120 Speaker 1: are still only one of two. And guess what where 284 00:16:59,160 --> 00:17:02,320 Speaker 1: all their chemical coming from? Sign up And so we 285 00:17:02,520 --> 00:17:05,680 Speaker 1: just allowed ourselves to be dependent. And so what I'm 286 00:17:05,720 --> 00:17:07,840 Speaker 1: asking and what I planned to do in my role 287 00:17:07,920 --> 00:17:10,840 Speaker 1: of the Science Committee, is do the supply chain mapping 288 00:17:11,119 --> 00:17:14,520 Speaker 1: just for the battery the battery, because we know we've 289 00:17:14,520 --> 00:17:17,440 Speaker 1: got to meet the buy American content requirements now for 290 00:17:17,640 --> 00:17:20,200 Speaker 1: U S m c A. But by Dolly, I gotta 291 00:17:20,280 --> 00:17:27,200 Speaker 1: understand our world representing Steven needs to understand. Sorry, Yeah, 292 00:17:27,240 --> 00:17:29,679 Speaker 1: I think this is exactly the example that people are 293 00:17:29,680 --> 00:17:31,880 Speaker 1: looking for, is how to you know, wean themselves off 294 00:17:31,880 --> 00:17:35,399 Speaker 1: of China and the manufacturing uh that they have for 295 00:17:35,480 --> 00:17:39,480 Speaker 1: our for our missing metal. But uh, everything scale right 296 00:17:39,560 --> 00:17:43,920 Speaker 1: and and just today even Elizabeth Warren, Senator UM came 297 00:17:43,920 --> 00:17:47,359 Speaker 1: out with her green Manufacturing plan and it talks about 298 00:17:47,600 --> 00:17:51,560 Speaker 1: one point five trillion dollar investment in American made clean 299 00:17:51,960 --> 00:17:55,880 Speaker 1: energy that is emission free. Now you know the manufacturers 300 00:17:55,920 --> 00:17:59,600 Speaker 1: in in in Michigan have picked up on emission free. 301 00:17:59,680 --> 00:18:01,800 Speaker 1: You know, they do quite a bit in this area. 302 00:18:01,800 --> 00:18:04,960 Speaker 1: You were just talking about the battery program, but like, 303 00:18:05,280 --> 00:18:07,240 Speaker 1: what do we really need to be able to scale 304 00:18:07,240 --> 00:18:09,600 Speaker 1: this up? I mean, it's not just like unbolted machines 305 00:18:09,640 --> 00:18:13,640 Speaker 1: in Jensen and bringing them over to Detroit. Yeah. I'm 306 00:18:14,000 --> 00:18:16,840 Speaker 1: nodding here, And I'll tell you why. It's the competitive 307 00:18:16,960 --> 00:18:21,440 Speaker 1: energy investment structure that has largely skipped over the Midwest. 308 00:18:21,680 --> 00:18:24,400 Speaker 1: And if you had talked to some of my colleagues 309 00:18:24,440 --> 00:18:27,040 Speaker 1: in particular, you know why don't we have a Tennessee 310 00:18:27,160 --> 00:18:30,399 Speaker 1: Valley Authority. Why don't we have, uh, you know, a 311 00:18:30,440 --> 00:18:34,959 Speaker 1: Western infrastructure type of bank focused on energy spend in 312 00:18:35,280 --> 00:18:38,600 Speaker 1: the Great Lakes area and for our industrial sector. There 313 00:18:38,600 --> 00:18:42,800 Speaker 1: were some great tax programs fort C because that's where 314 00:18:42,800 --> 00:18:46,280 Speaker 1: it fell on the tax line for our manufacturers to 315 00:18:46,400 --> 00:18:50,200 Speaker 1: do some of the energy renewable investments. And it went 316 00:18:50,240 --> 00:18:54,520 Speaker 1: away and we had two years and haven't seen it since, 317 00:18:54,560 --> 00:18:57,520 Speaker 1: and it's now been a decade. And so I think 318 00:18:57,560 --> 00:19:01,880 Speaker 1: we've got to look at regionalism in killer and competitive math. 319 00:19:02,320 --> 00:19:04,800 Speaker 1: Congress Stevens just to bring her audience up to speed. Now, 320 00:19:04,840 --> 00:19:07,800 Speaker 1: headlines crossing the Bloomberg Terminal. Just within the last two minutes, 321 00:19:07,840 --> 00:19:11,520 Speaker 1: Secretary of State Tony B. Lincoln has can begun those 322 00:19:11,560 --> 00:19:15,200 Speaker 1: talks with Chinese counterparts, the first talk since Biden took 323 00:19:15,240 --> 00:19:19,440 Speaker 1: office in Alaska. Again, US and China officials begin their 324 00:19:19,480 --> 00:19:23,280 Speaker 1: first talk since President Biden has taken office. Those talks 325 00:19:23,280 --> 00:19:27,000 Speaker 1: are occurring in Alaska. Secretary B. Lincoln made brief remarks 326 00:19:27,040 --> 00:19:29,359 Speaker 1: ahead of those talks and said, if the United States 327 00:19:29,480 --> 00:19:33,320 Speaker 1: is committed to leading with diplomacy. Other headlines crossing the 328 00:19:33,320 --> 00:19:37,480 Speaker 1: Bloomberg Terminal, Secretary b. Lincoln says US will discuss Shinjang 329 00:19:37,720 --> 00:19:41,680 Speaker 1: Hong Kong concerns, and that Blincoln says some China actions 330 00:19:41,920 --> 00:19:45,000 Speaker 1: threatened rules based order. He went on to say that 331 00:19:45,040 --> 00:19:49,080 Speaker 1: the US will discuss cyber attacks with China. Congressman Hanley 332 00:19:49,119 --> 00:19:52,320 Speaker 1: Stevens joins us. She's a Democrat from Michigan. Let's focus 333 00:19:52,400 --> 00:19:55,600 Speaker 1: on one of those Bloomberg terminal headlines about the Shinjang 334 00:19:55,600 --> 00:19:58,600 Speaker 1: province and Hong Kong concerns and the the abuses, the 335 00:19:58,680 --> 00:20:01,840 Speaker 1: human rights abuses congress s women that are occurring against 336 00:20:01,880 --> 00:20:06,320 Speaker 1: the weaker Muslim minority group in the Shenjang province, which, 337 00:20:06,400 --> 00:20:08,879 Speaker 1: oh yeah, is where half of the global supply of 338 00:20:08,920 --> 00:20:13,040 Speaker 1: poly silicon comes, which is crucial to making solar panels. 339 00:20:13,080 --> 00:20:18,800 Speaker 1: So is it possible to have a conversation about UH 340 00:20:18,920 --> 00:20:22,800 Speaker 1: changing the energy policy, the global energy policy to make 341 00:20:22,840 --> 00:20:28,119 Speaker 1: it more environmental friendly and global environmental friendly without addressing 342 00:20:28,520 --> 00:20:30,960 Speaker 1: the massive human rights abuses that are happening in the 343 00:20:30,960 --> 00:20:34,280 Speaker 1: Shenjang province against the weaker's Yeah, We've got to be 344 00:20:34,320 --> 00:20:36,520 Speaker 1: able to do both. And I want to applaud our 345 00:20:36,600 --> 00:20:41,960 Speaker 1: Secretary of State UH for his position and furnace as 346 00:20:42,000 --> 00:20:47,280 Speaker 1: he sits down for these lengthy discussions of diplomacy. UH. 347 00:20:47,359 --> 00:20:51,040 Speaker 1: And certainly this is not something that we haven't dealt 348 00:20:51,080 --> 00:20:54,880 Speaker 1: with before. UH. And we recognize this with our rare 349 00:20:54,960 --> 00:20:59,800 Speaker 1: earth minerals and are over reliance on foreign markets for 350 00:21:00,080 --> 00:21:03,840 Speaker 1: rail earth minerals and the threats that that poses to 351 00:21:03,920 --> 00:21:08,680 Speaker 1: supply chain securitization. So what we've lived through with COVID 352 00:21:08,800 --> 00:21:12,400 Speaker 1: nineteen and the continued disruptions that we're seeing, and now 353 00:21:12,400 --> 00:21:17,440 Speaker 1: what might be brought upon by reckoning with the horrible 354 00:21:17,480 --> 00:21:23,760 Speaker 1: treatment of the weaker population and in China. He's going 355 00:21:23,840 --> 00:21:27,119 Speaker 1: to also pose a consideration for us as the United 356 00:21:27,160 --> 00:21:31,600 Speaker 1: States government about how fast we choose to invest and 357 00:21:32,040 --> 00:21:36,399 Speaker 1: how we reposition ourselves in terms of this this type 358 00:21:36,400 --> 00:21:38,840 Speaker 1: of over reliance. I'd want to take a look at 359 00:21:39,280 --> 00:21:42,800 Speaker 1: the more of that sourcing and that manufacturing capacity. I'd 360 00:21:42,840 --> 00:21:46,520 Speaker 1: also say that we've got to look at the workforce spends, 361 00:21:46,680 --> 00:21:51,080 Speaker 1: and we know that our relationship with China is tenuous. 362 00:21:51,520 --> 00:21:54,560 Speaker 1: We also and I'd be eager to hear what comes 363 00:21:54,560 --> 00:21:57,840 Speaker 1: out of these conversations as it pertains to tariffs and 364 00:21:57,960 --> 00:22:01,000 Speaker 1: other policies that were put in a play. We just 365 00:22:01,040 --> 00:22:05,639 Speaker 1: saw yesterday our new Trade UH Ambassador Catherine tie Be 366 00:22:05,800 --> 00:22:09,000 Speaker 1: confirmed by the Senate, and the first thing that she's 367 00:22:09,040 --> 00:22:11,520 Speaker 1: going to pick up as Trade Ambassador for the United 368 00:22:11,560 --> 00:22:15,359 Speaker 1: States is this tariff agenda and how we continue to 369 00:22:15,400 --> 00:22:20,119 Speaker 1: position ourselves UH in to a position of strength with 370 00:22:20,119 --> 00:22:23,439 Speaker 1: regard to China. Well, Secretary of State Tony Blincoln to 371 00:22:23,640 --> 00:22:27,879 Speaker 1: that point earlier this morning, ahead of landing in Alaska 372 00:22:27,960 --> 00:22:32,960 Speaker 1: and making those comments, actually did address reporters. I want 373 00:22:32,960 --> 00:22:36,320 Speaker 1: to play for you the sound on that Vic Davis 374 00:22:36,320 --> 00:22:39,919 Speaker 1: as well as Congresswoman Stevens, because he spoke in particular 375 00:22:40,000 --> 00:22:44,480 Speaker 1: about Beijing's consistent failure he called it to uphold its commitments. 376 00:22:44,480 --> 00:22:46,560 Speaker 1: Take a listen to the sound on this from Secretary 377 00:22:46,560 --> 00:22:49,720 Speaker 1: of State Tony B. Lincoln. We are clear eyed about 378 00:22:49,760 --> 00:22:53,320 Speaker 1: beijing Is consistent failure to uphold its commitments, and we 379 00:22:53,320 --> 00:22:57,080 Speaker 1: spoke about how Beijing is aggressive and authoritarian behavior are 380 00:22:57,160 --> 00:23:02,360 Speaker 1: challenging the stability, security, and prosperity the specific region. Yesterday, Rick, 381 00:23:02,520 --> 00:23:05,640 Speaker 1: you and I felt the show focused a lot on 382 00:23:06,040 --> 00:23:09,959 Speaker 1: President Biden's remarks to George Stephanopholis on ABC with regards 383 00:23:09,960 --> 00:23:12,320 Speaker 1: to Russia. But now we're pivoting to China. Now the 384 00:23:12,440 --> 00:23:14,720 Speaker 1: U S and China relationship is in clear focus for 385 00:23:14,760 --> 00:23:17,360 Speaker 1: the rest of the week. Yeah, and this is going 386 00:23:17,400 --> 00:23:21,160 Speaker 1: to really have ramifications in the business community. We've been 387 00:23:21,200 --> 00:23:24,320 Speaker 1: talking all week about the run up to this session 388 00:23:24,520 --> 00:23:26,680 Speaker 1: and and the impact that it may have. We were 389 00:23:26,720 --> 00:23:31,040 Speaker 1: just talking to Representive Stevens about semiconductors and the accessibility 390 00:23:31,080 --> 00:23:34,080 Speaker 1: of them to her automobile industry and others in her 391 00:23:34,080 --> 00:23:37,560 Speaker 1: home state, and I'm I'd be kind of curious, uh, 392 00:23:37,640 --> 00:23:40,320 Speaker 1: Represented Stevens, if I could just expand upon that a 393 00:23:40,320 --> 00:23:44,080 Speaker 1: little bit, because a lot of the domestic manufacturers of 394 00:23:44,119 --> 00:23:47,399 Speaker 1: semiconductors can ramp up their manufacturing and meet some of 395 00:23:47,400 --> 00:23:49,679 Speaker 1: these needs, but they're they're saying they're gonna need some 396 00:23:49,720 --> 00:23:52,240 Speaker 1: support from the federal government. Would you be supportive of 397 00:23:52,560 --> 00:23:56,240 Speaker 1: emergency legislation or legislation it's encapsulated in some of the 398 00:23:56,280 --> 00:23:59,360 Speaker 1: moving bills that would give things like grants and refundable 399 00:23:59,400 --> 00:24:04,600 Speaker 1: tax credit to the the microprocessor industry in order to 400 00:24:04,640 --> 00:24:07,400 Speaker 1: be able to meet some of this need. Listen, I've 401 00:24:07,400 --> 00:24:13,919 Speaker 1: spent more time chrown around semiconductors than I admit. I 402 00:24:13,960 --> 00:24:15,919 Speaker 1: don't mean to laugh, but I know you and I 403 00:24:15,960 --> 00:24:19,280 Speaker 1: know that's true. I've so she knows the chips and 404 00:24:19,359 --> 00:24:22,600 Speaker 1: those phones and the cars and the and the computers. 405 00:24:22,760 --> 00:24:26,959 Speaker 1: Go ahead, Congressman, and with absolute respect and respect and 406 00:24:27,000 --> 00:24:30,280 Speaker 1: informiration for the people who are doing it. And you know, 407 00:24:30,359 --> 00:24:33,040 Speaker 1: the one thing we're skipping over is the universities. And 408 00:24:33,160 --> 00:24:35,639 Speaker 1: there's a lot of assets within our universities. Is so 409 00:24:35,760 --> 00:24:38,399 Speaker 1: what I've been pushing for is what we do best. 410 00:24:38,760 --> 00:24:42,520 Speaker 1: You know, some government spang with a public private partnership, 411 00:24:42,720 --> 00:24:44,840 Speaker 1: and I think if you can bring the universities to 412 00:24:44,840 --> 00:24:49,240 Speaker 1: the table because they have these semiconductors on site and 413 00:24:49,480 --> 00:24:52,040 Speaker 1: maybe those can be ramped up for production. We've done 414 00:24:52,040 --> 00:24:56,000 Speaker 1: this through other micro consortia in the past. The Digital 415 00:24:56,000 --> 00:25:00,240 Speaker 1: Manufacturing Engineering Manufacturing Consortium is also an example of that 416 00:25:00,440 --> 00:25:06,520 Speaker 1: utilized supercomputer technology at our university for smaller manufacturers. And 417 00:25:06,560 --> 00:25:09,200 Speaker 1: so listen, I'm ready to write the bill. We had 418 00:25:09,240 --> 00:25:14,000 Speaker 1: the chipsack it went unfunded in the defense budget. We 419 00:25:14,040 --> 00:25:16,120 Speaker 1: can we know that there's going to be a desire 420 00:25:16,200 --> 00:25:18,640 Speaker 1: to do do funding right now. I've heard the White 421 00:25:18,640 --> 00:25:21,520 Speaker 1: House say it. I'm ready to do it, but responsibly, 422 00:25:21,640 --> 00:25:26,439 Speaker 1: so we can bring industry, academia and everyone together. Let 423 00:25:26,480 --> 00:25:28,480 Speaker 1: me ask you one final question. Even so generous with 424 00:25:28,520 --> 00:25:30,399 Speaker 1: your time. You mentioned higher education. Let me ask you 425 00:25:30,400 --> 00:25:35,400 Speaker 1: about schools, teachers unions in particular, should should schools be reopened? 426 00:25:35,440 --> 00:25:37,359 Speaker 1: I mean should should students be able to go back 427 00:25:37,400 --> 00:25:39,679 Speaker 1: to their to their classes now that we've got a 428 00:25:39,760 --> 00:25:43,800 Speaker 1: hundred million vaccines and millions of more on the way. Yeah, 429 00:25:43,840 --> 00:25:46,879 Speaker 1: we're there. Um in Michigan, we've got ninety seven percent 430 00:25:46,920 --> 00:25:50,919 Speaker 1: of our schools reopening. We did see uh in outbreak 431 00:25:51,119 --> 00:25:54,400 Speaker 1: in mid Michigan, which I know is being addressed. We're 432 00:25:54,400 --> 00:25:57,760 Speaker 1: obviously paying close attention to the variant. I've been working 433 00:25:57,840 --> 00:26:02,119 Speaker 1: with a lot of our educators, our parents, obviously not 434 00:26:02,240 --> 00:26:04,800 Speaker 1: a lot of people two months ago. We're happy. But 435 00:26:05,000 --> 00:26:08,680 Speaker 1: as we prioritize, particularly in southeastern Michigan, are teachers with 436 00:26:08,720 --> 00:26:11,560 Speaker 1: the vaccine, they're going back to school. They're happy. We 437 00:26:11,680 --> 00:26:13,919 Speaker 1: just did this big rescue plan. It is time to 438 00:26:13,920 --> 00:26:18,200 Speaker 1: reopen our school Countersiman Haley Stevens, Democrat from Michigan. Thank 439 00:26:18,240 --> 00:26:20,520 Speaker 1: you so much for your time. I always appreciate it. 440 00:26:22,040 --> 00:26:24,080 Speaker 1: And just to he said here, my name is Kevin Currelian, 441 00:26:24,160 --> 00:26:27,639 Speaker 1: the chief Washington correspondent for Bloomberg Television and for Bloomberg Radio, 442 00:26:27,640 --> 00:26:32,480 Speaker 1: accompanied by Bloomberg Politics contributor Rick Davis, we are monitoring 443 00:26:32,640 --> 00:26:37,359 Speaker 1: a developing story coming out of Alaska where Secretary of 444 00:26:37,400 --> 00:26:41,120 Speaker 1: State Tony B. Lincoln is meeting with Beijing counterparts. These 445 00:26:41,160 --> 00:26:45,240 Speaker 1: are the first U. S. China talks in person since 446 00:26:45,280 --> 00:26:49,080 Speaker 1: President Biden has taken office. There are a plethora of 447 00:26:49,119 --> 00:26:55,080 Speaker 1: issues that Secretary B. Lincoln is addressing, including national security 448 00:26:55,359 --> 00:26:59,840 Speaker 1: as well as Taiwan Hong Kong human rights abuses. I mean, 449 00:27:00,040 --> 00:27:02,159 Speaker 1: Rick Davis, the link. The list goes on and on, 450 00:27:02,280 --> 00:27:06,000 Speaker 1: not to mention the economics and whether or not where 451 00:27:06,040 --> 00:27:09,320 Speaker 1: the United States stands as to whether it will continue, 452 00:27:09,840 --> 00:27:15,680 Speaker 1: whether it will continue to continue onward for from the 453 00:27:15,720 --> 00:27:18,040 Speaker 1: Trump years to the bite hears well and I think 454 00:27:18,040 --> 00:27:21,639 Speaker 1: it even Kevin goes back to the Obama years, right, 455 00:27:21,680 --> 00:27:24,160 Speaker 1: I mean, like one of the things that is, uh, 456 00:27:24,320 --> 00:27:26,760 Speaker 1: we're paying a price for today is the fact that 457 00:27:27,080 --> 00:27:30,120 Speaker 1: Obama really never set a line in the sand with China, Right, 458 00:27:30,200 --> 00:27:33,280 Speaker 1: I mean, he had a quote constructive relationship with China, 459 00:27:33,400 --> 00:27:36,879 Speaker 1: and and and and it only became more combative, you 460 00:27:36,880 --> 00:27:38,760 Speaker 1: know when Donald Trump came in office, but it was 461 00:27:38,800 --> 00:27:41,560 Speaker 1: so inconsistent. Right, There was no talk about human rights 462 00:27:41,640 --> 00:27:45,119 Speaker 1: during the Trump administration, just about trade and so so 463 00:27:45,240 --> 00:27:49,199 Speaker 1: we've had a really rickety uh foreign policy approach, in 464 00:27:49,280 --> 00:27:52,520 Speaker 1: national security approach to China for for the better part 465 00:27:52,560 --> 00:27:55,480 Speaker 1: of a decade. And and this is the moment where 466 00:27:55,640 --> 00:27:59,159 Speaker 1: this administration, you know, with Secretary Blincoln in front of 467 00:27:59,160 --> 00:28:01,280 Speaker 1: the Chinese control all the lines in the sands, say 468 00:28:01,320 --> 00:28:03,439 Speaker 1: these are the areas we are not going to cross. 469 00:28:04,240 --> 00:28:06,719 Speaker 1: But you're right, the litany just goes on and on. 470 00:28:06,920 --> 00:28:10,320 Speaker 1: You start then talking about things like intellectual property and 471 00:28:10,320 --> 00:28:14,040 Speaker 1: cyber attacks and and and and other things. And I 472 00:28:14,080 --> 00:28:16,200 Speaker 1: think one of the most interesting pieces that will come 473 00:28:16,240 --> 00:28:18,919 Speaker 1: out of this is the fact that we have problems 474 00:28:19,000 --> 00:28:22,199 Speaker 1: with what they do internally in China too. You've mentioned 475 00:28:22,200 --> 00:28:25,639 Speaker 1: the weaker population in sin Jung Province. Well, they also 476 00:28:26,240 --> 00:28:30,800 Speaker 1: intimidate and coerce companies to cooperate with their state, whether 477 00:28:30,840 --> 00:28:35,040 Speaker 1: it's on you know, cyber or or other things that 478 00:28:35,480 --> 00:28:38,280 Speaker 1: have drawn real scrutiny in the Western world about whether 479 00:28:38,360 --> 00:28:41,080 Speaker 1: or not data is safe if it's given to a 480 00:28:41,200 --> 00:28:43,600 Speaker 1: Chinese company. And we've seen a lot of that with 481 00:28:43,680 --> 00:28:46,280 Speaker 1: things like just TikTok here in the United States. So 482 00:28:46,320 --> 00:28:48,560 Speaker 1: this is gonna be a merit of issues that get 483 00:28:48,680 --> 00:28:50,560 Speaker 1: gets discussed and at the end of the day. We 484 00:28:50,560 --> 00:28:53,560 Speaker 1: were talking about this what comes out of this meeting 485 00:28:53,760 --> 00:28:57,800 Speaker 1: with the presidents of China and the United States to 486 00:28:57,920 --> 00:29:00,720 Speaker 1: hash out these issues. Will see they may not be 487 00:29:00,800 --> 00:29:02,840 Speaker 1: able to do enough in the short period of time 488 00:29:03,120 --> 00:29:05,120 Speaker 1: to be able to orchestrate that. You know, earlier you 489 00:29:05,160 --> 00:29:08,920 Speaker 1: mentioned Senator Elizabeth Warren's proposal on that. I think it's 490 00:29:08,920 --> 00:29:12,280 Speaker 1: five billion dollars she wants for for some type of 491 00:29:12,680 --> 00:29:14,160 Speaker 1: is it the Green New Deal? I mean, is a 492 00:29:14,160 --> 00:29:16,680 Speaker 1: Green New Deal team point? Now, I don't really understand 493 00:29:17,440 --> 00:29:20,480 Speaker 1: it's more like two trillion dollars for the green manufacturing plan, 494 00:29:20,600 --> 00:29:23,120 Speaker 1: but it was good of her to talk about manufacturing. Well. 495 00:29:23,160 --> 00:29:26,720 Speaker 1: My colleague Tim Sentevic interviewed her earlier today on Bloomberg Quicktake. 496 00:29:27,080 --> 00:29:28,600 Speaker 1: Take a listen to what she had to say about it, 497 00:29:28,600 --> 00:29:32,479 Speaker 1: because it applies to this conversation UH for for global 498 00:29:32,520 --> 00:29:35,360 Speaker 1: supply chains and what Congresswoman Stevens was saying. Who's much 499 00:29:35,400 --> 00:29:38,400 Speaker 1: more centrist as to whether or not that could actually 500 00:29:38,480 --> 00:29:42,200 Speaker 1: help the heartland as it's known in the domestic United States. 501 00:29:42,200 --> 00:29:46,360 Speaker 1: Here she is. You name a Republican who lives in 502 00:29:46,400 --> 00:29:50,080 Speaker 1: a state, who represents a state that doesn't need an 503 00:29:50,240 --> 00:29:55,880 Speaker 1: upgrade in their infrastruct name a Republican who isn't struggling 504 00:29:56,000 --> 00:30:01,760 Speaker 1: back home with problems of of gasoline powered or diesel 505 00:30:01,920 --> 00:30:09,680 Speaker 1: powered buses and trains and mass transit highways that need repair. 506 00:30:10,560 --> 00:30:13,080 Speaker 1: We can do this together. It's kind of one of 507 00:30:13,080 --> 00:30:15,840 Speaker 1: the things that sort of everybody's best view of what 508 00:30:15,880 --> 00:30:19,400 Speaker 1: the Senate ought to be able to do. She introduced 509 00:30:19,400 --> 00:30:23,160 Speaker 1: the bill with AOC condor summon Alexandria Cassio Courts has 510 00:30:23,160 --> 00:30:28,520 Speaker 1: in the House of Representatives. But I mean, respectfully, Rick Davis, 511 00:30:29,160 --> 00:30:34,120 Speaker 1: this is not a bipartisan approach. No, she's sort of 512 00:30:34,200 --> 00:30:38,800 Speaker 1: staking out a left wing um uh poement point in 513 00:30:38,840 --> 00:30:41,080 Speaker 1: the sand where she says, you know, here's what if 514 00:30:41,280 --> 00:30:44,080 Speaker 1: if you want to really go all out and uh 515 00:30:44,280 --> 00:30:48,760 Speaker 1: and and and meld the two priorities fighting climate change 516 00:30:49,320 --> 00:30:52,880 Speaker 1: and building American jobs, here's what you do in one bill. 517 00:30:53,120 --> 00:30:55,120 Speaker 1: And as we said, I mean, it's a it's it's 518 00:30:55,160 --> 00:30:58,280 Speaker 1: two trillion dollars. I mean, where the marketplaces right now 519 00:30:58,400 --> 00:31:00,959 Speaker 1: for a two trillion dollar clean energy bill, which is 520 00:31:01,040 --> 00:31:04,480 Speaker 1: in essence what this is. UH is going to be debated, 521 00:31:04,520 --> 00:31:06,720 Speaker 1: but probably not hotly. Right. I think this falls on 522 00:31:06,800 --> 00:31:09,080 Speaker 1: deaf ears in both the House and the Senate. But 523 00:31:09,240 --> 00:31:11,840 Speaker 1: what will come out of it is a debate now 524 00:31:11,920 --> 00:31:15,360 Speaker 1: around Well, then what is the likely role that climate 525 00:31:15,400 --> 00:31:18,960 Speaker 1: will play in any infrastructure bill? And in that regard, 526 00:31:19,440 --> 00:31:22,160 Speaker 1: it's a smart thing to do because she's out there early, 527 00:31:22,280 --> 00:31:25,240 Speaker 1: she staked out a position, and she'll be able to say, yeah, 528 00:31:25,280 --> 00:31:27,760 Speaker 1: but what are we doing to preserve you know, our 529 00:31:27,800 --> 00:31:31,720 Speaker 1: our our our environment, our ecosystem? Uh, what have we 530 00:31:31,800 --> 00:31:36,280 Speaker 1: done to meet a zero carbon emissions by which is 531 00:31:36,280 --> 00:31:38,680 Speaker 1: the goal of this plan? Rick? Very quickly, I mean 532 00:31:38,720 --> 00:31:40,600 Speaker 1: when we have less than a minute, so very quickly 533 00:31:41,160 --> 00:31:44,280 Speaker 1: are the Chinese Is the Chinese Communist Party as committed 534 00:31:44,320 --> 00:31:48,120 Speaker 1: to environmental protections as the United States and Europe. Well, 535 00:31:48,240 --> 00:31:51,040 Speaker 1: I always looked at the Chinese Communist Party, and I'm 536 00:31:51,080 --> 00:31:53,160 Speaker 1: glad you mentioned it because I think we forget sometimes 537 00:31:53,160 --> 00:31:56,160 Speaker 1: that they are a communist party, they actually have to 538 00:31:56,160 --> 00:31:59,200 Speaker 1: do something to clean up. They look at environment as 539 00:31:59,400 --> 00:32:03,040 Speaker 1: not people not choking when they breathe in Beijing, right, 540 00:32:03,160 --> 00:32:05,920 Speaker 1: people not dying from effluent in the water. You know 541 00:32:05,960 --> 00:32:09,720 Speaker 1: that they can't purify. Uh, the inability to farm because 542 00:32:09,800 --> 00:32:16,240 Speaker 1: the soil is contaminated. That's environmental protection in China so important. 543 00:32:16,720 --> 00:32:22,880 Speaker 1: I'm Kevin Surreli with Rick Davis. This is Bloomberg. This 544 00:32:23,280 --> 00:32:27,720 Speaker 1: is Bloomberg. Sound on with Kevin Surreley on Bloomberg Radio. 545 00:32:28,760 --> 00:32:31,960 Speaker 1: I'm Kevin Sireli in chief Washington correspondent for Bloomberg Television 546 00:32:31,960 --> 00:32:36,880 Speaker 1: and for Bloomberg Radio, accompanied by Bloomberg Politics contributor Rick Davis, 547 00:32:36,920 --> 00:32:40,240 Speaker 1: former campaign manager to John McCain's two thousand and eight 548 00:32:40,800 --> 00:32:44,920 Speaker 1: presidential campaign, also of stone Court Capital. There was a 549 00:32:45,000 --> 00:32:48,280 Speaker 1: hearing today on Capitol Hill. Did you see this? Did 550 00:32:48,280 --> 00:32:49,880 Speaker 1: you miss this? This is why I like doing this. 551 00:32:49,960 --> 00:32:53,880 Speaker 1: It's we talked about the policies, you know, not the 552 00:32:53,880 --> 00:32:57,800 Speaker 1: the water cooler political talk, the policies. There is a 553 00:32:57,880 --> 00:33:01,560 Speaker 1: hearing today on big tech and a father or not 554 00:33:02,400 --> 00:33:06,080 Speaker 1: the acting FTC chair is going to need bold actions 555 00:33:06,200 --> 00:33:11,320 Speaker 1: or rain in technology monopolies. Joining us is the ranking 556 00:33:11,400 --> 00:33:15,880 Speaker 1: member of the House Anti Trust Subcommittee, the top Republican 557 00:33:15,960 --> 00:33:19,080 Speaker 1: on that anti trust subcommittee. Welcome back to the program, 558 00:33:19,160 --> 00:33:25,000 Speaker 1: Congressman KEM Buck, Republican from Colorado's fourth congressional district. He's 559 00:33:25,040 --> 00:33:27,080 Speaker 1: a former attorney and a prosecutor. All right, so what 560 00:33:27,120 --> 00:33:30,280 Speaker 1: happened at the hearing today? Congressman I thought it was great. 561 00:33:30,320 --> 00:33:33,600 Speaker 1: It was a really free flow of ideas. We're talking 562 00:33:33,600 --> 00:33:37,120 Speaker 1: about mergers and acquisitions and how to deal with some 563 00:33:37,240 --> 00:33:40,000 Speaker 1: of the challenges with big tech and and not hurt 564 00:33:40,000 --> 00:33:44,160 Speaker 1: the rest of the economy. And I I went in UH, 565 00:33:44,240 --> 00:33:46,280 Speaker 1: and I think most of us went in with a 566 00:33:46,280 --> 00:33:48,520 Speaker 1: pretty open mind, and I think we came out with 567 00:33:48,640 --> 00:33:51,720 Speaker 1: some pretty pretty good ideas. So what needs to be done? 568 00:33:51,840 --> 00:33:55,120 Speaker 1: Because you know this, I mean, Republicans and Democrats agree 569 00:33:55,160 --> 00:33:57,640 Speaker 1: on very little, and even on the issue a big 570 00:33:57,640 --> 00:34:00,680 Speaker 1: tech in my coverage, there's been different is but where 571 00:34:00,720 --> 00:34:04,560 Speaker 1: is their agreements in terms of what needs to be done? Kevin, 572 00:34:04,600 --> 00:34:06,960 Speaker 1: you and I just disagree. My friend, I think that 573 00:34:07,040 --> 00:34:11,000 Speaker 1: we have great overlap on this issue, and I'm really 574 00:34:11,000 --> 00:34:16,360 Speaker 1: looking forward to UH some bipartisan legislation. We talked about 575 00:34:16,680 --> 00:34:24,600 Speaker 1: specifically the the shifting the burden of proof on UH 576 00:34:24,719 --> 00:34:26,759 Speaker 1: some of these big tech companies that there were seven 577 00:34:27,239 --> 00:34:30,400 Speaker 1: fifty mergers over a ten or fifteen year period that 578 00:34:30,800 --> 00:34:37,279 Speaker 1: went UH really unchecked by the two enforcement agencies. And 579 00:34:38,120 --> 00:34:40,879 Speaker 1: we all agree that that the enforcement agencies need more 580 00:34:40,960 --> 00:34:43,520 Speaker 1: resources and they need to be more aggressive. Some of 581 00:34:43,520 --> 00:34:48,840 Speaker 1: those mergers, like Facebook's merger with Instagram and WhatsApp, really 582 00:34:48,840 --> 00:34:54,400 Speaker 1: have UH, given Facebook a competitive advantage that allows them 583 00:34:54,440 --> 00:34:57,680 Speaker 1: to crush competition, and that UM, I think that both 584 00:34:57,719 --> 00:35:01,480 Speaker 1: sides just find that unacceptable. How do you find the balance, 585 00:35:01,640 --> 00:35:03,440 Speaker 1: and this is, I guess a delicate question, but how 586 00:35:03,440 --> 00:35:08,160 Speaker 1: do you find the balance of encouraging entrepreneurship, encouraging uh 587 00:35:08,239 --> 00:35:12,239 Speaker 1: there to be development and and and creativity in the 588 00:35:12,239 --> 00:35:16,919 Speaker 1: private sector, also acknowledging the very real risk that adversaries 589 00:35:16,920 --> 00:35:19,800 Speaker 1: like China, for example, pose I mean in terms of 590 00:35:19,840 --> 00:35:23,600 Speaker 1: that they're the tech companies that they're boosting up and 591 00:35:23,640 --> 00:35:29,200 Speaker 1: the technology that they're boosting up for their own game. Yeah, 592 00:35:29,280 --> 00:35:32,200 Speaker 1: I think that uh. And and this is a very 593 00:35:32,200 --> 00:35:37,360 Speaker 1: broad generalization, but we have always been better at innovation 594 00:35:37,560 --> 00:35:39,960 Speaker 1: than than China. And it has something to do with 595 00:35:40,000 --> 00:35:42,719 Speaker 1: our our education system, and has something to do with 596 00:35:42,760 --> 00:35:45,120 Speaker 1: our capitalist system, and has something to do with our 597 00:35:46,360 --> 00:35:51,560 Speaker 1: really incentivizing risk in this country. Um and and so 598 00:35:51,600 --> 00:35:55,920 Speaker 1: I think that when uh we compete with a state 599 00:35:56,040 --> 00:35:58,759 Speaker 1: run set of businesses, the only thing that China does 600 00:35:58,800 --> 00:36:03,520 Speaker 1: really well is is eel our intellectual property. And I 601 00:36:03,600 --> 00:36:06,120 Speaker 1: think that as long as we don't have tech giants 602 00:36:06,200 --> 00:36:09,560 Speaker 1: that are cycling innovation, we will be in a position 603 00:36:09,600 --> 00:36:13,320 Speaker 1: to continue to out innovate our competitors in the world marketplace. 604 00:36:14,600 --> 00:36:17,279 Speaker 1: You know it's uh this Rick Davis and Congressman, thanks 605 00:36:17,320 --> 00:36:19,759 Speaker 1: for joining us. And I agree with you that it 606 00:36:19,880 --> 00:36:23,400 Speaker 1: is one of the highlights of Congress that the bipartisan, 607 00:36:23,600 --> 00:36:26,560 Speaker 1: non political way that the sub Committee on an I 608 00:36:26,600 --> 00:36:31,160 Speaker 1: Trust has has done these investigations into big tech. I 609 00:36:31,239 --> 00:36:36,040 Speaker 1: remember the hearings that you all had on July where 610 00:36:36,120 --> 00:36:38,200 Speaker 1: all the big guys were in the hot seat and 611 00:36:38,480 --> 00:36:43,640 Speaker 1: I thought, you're uh prosecutorial UH background came into big 612 00:36:43,680 --> 00:36:46,480 Speaker 1: play there when you were interviewing these guys. The question 613 00:36:46,520 --> 00:36:48,200 Speaker 1: I have is where do you start? I mean, there 614 00:36:48,200 --> 00:36:53,000 Speaker 1: are issues like censorship, misinformation, the acquisitions of competitors that 615 00:36:53,000 --> 00:36:56,640 Speaker 1: you've talked about, UH, use of personal data. What would 616 00:36:56,680 --> 00:36:59,279 Speaker 1: a piece of legislation look like? Understand you want to 617 00:36:59,280 --> 00:37:02,080 Speaker 1: give guidance to regulators, but but where does Congress go 618 00:37:02,160 --> 00:37:05,359 Speaker 1: with this? Well, the first place we start is giving 619 00:37:05,400 --> 00:37:08,799 Speaker 1: regulators more resources. The second place we start are a 620 00:37:08,880 --> 00:37:11,400 Speaker 1: series of bills. It won't be one giant bill with 621 00:37:11,440 --> 00:37:14,200 Speaker 1: ten different issues covered. It will be ten separate bills. 622 00:37:14,960 --> 00:37:18,800 Speaker 1: The first bill will be a bill that requires interoperability 623 00:37:19,440 --> 00:37:23,680 Speaker 1: UH and and data portability with these tech giants. Uh, 624 00:37:23,800 --> 00:37:27,120 Speaker 1: these platforms do a great job of going out and 625 00:37:27,160 --> 00:37:31,880 Speaker 1: they for example, on the wearables issue. UM, you know, 626 00:37:32,239 --> 00:37:35,000 Speaker 1: I think it was Google that recently acquired fitbid and 627 00:37:35,520 --> 00:37:39,640 Speaker 1: Amazon as their own wearables company, and so um, if 628 00:37:39,680 --> 00:37:44,160 Speaker 1: they don't allow a company like Garment or some other 629 00:37:44,200 --> 00:37:48,440 Speaker 1: company to have access to their platform, then they can 630 00:37:48,960 --> 00:37:54,839 Speaker 1: uh self preference and and restrict competition and the wearables marketplace. 631 00:37:55,320 --> 00:37:58,600 Speaker 1: We have to have new laws that are specific to 632 00:37:59,239 --> 00:38:05,000 Speaker 1: big tech require uh the interoperability of these platforms. And 633 00:38:05,200 --> 00:38:07,400 Speaker 1: then we have to have datac pordability. So if you 634 00:38:07,440 --> 00:38:13,000 Speaker 1: want to move your data from Google to Being or 635 00:38:13,080 --> 00:38:15,480 Speaker 1: some other search engine, you can do that. It's kind 636 00:38:15,480 --> 00:38:17,600 Speaker 1: of like having a cell phone number that you can 637 00:38:17,680 --> 00:38:21,399 Speaker 1: move from one cell company to to another. So those 638 00:38:21,440 --> 00:38:25,480 Speaker 1: are two issues that I think have brought broad bypartisan support. 639 00:38:25,800 --> 00:38:29,399 Speaker 1: Then there's a business line separation where we we will 640 00:38:29,400 --> 00:38:32,480 Speaker 1: look at and I don't know where the committee comes 641 00:38:32,520 --> 00:38:34,919 Speaker 1: down with this answer, but we will look at whether 642 00:38:35,000 --> 00:38:39,000 Speaker 1: a platform should be allowed to compete with certain business lines. 643 00:38:39,080 --> 00:38:42,240 Speaker 1: So when you go and buy grape jelly at a supermarket, 644 00:38:42,560 --> 00:38:45,200 Speaker 1: you have the Supermarkets brand and you also have a 645 00:38:45,280 --> 00:38:49,400 Speaker 1: number of other brands of grape jelly and and uh 646 00:38:49,440 --> 00:38:51,960 Speaker 1: that that's not a problem because we have another number 647 00:38:52,000 --> 00:38:55,719 Speaker 1: of different supermarket chains. The problem is that when one platform, 648 00:38:56,160 --> 00:38:59,040 Speaker 1: say an Amazon, has its own product, and you search 649 00:38:59,160 --> 00:39:02,959 Speaker 1: for that product, you see Amazon's product and then, um, 650 00:39:03,000 --> 00:39:06,200 Speaker 1: you know, a hundred spaces down, you see the product 651 00:39:06,280 --> 00:39:11,440 Speaker 1: for some competitor that's not Congressman chembucks with us. He 652 00:39:11,480 --> 00:39:13,920 Speaker 1: is the top Republican on the House Antitrust Subcommittee. He 653 00:39:13,960 --> 00:39:16,960 Speaker 1: is a Republican from Colorado's fourth congressional district. Did you 654 00:39:17,000 --> 00:39:19,040 Speaker 1: see this? I usually don't like to talk about the 655 00:39:19,040 --> 00:39:21,840 Speaker 1: media industry on air, but this is actually pressing and 656 00:39:21,920 --> 00:39:25,359 Speaker 1: Rick to your point about spreading misinformation? Did you see 657 00:39:25,360 --> 00:39:30,000 Speaker 1: this Australia. Australia has changed the game for big tech 658 00:39:30,400 --> 00:39:34,960 Speaker 1: because actually what they're doing is there now requiring for 659 00:39:35,000 --> 00:39:39,439 Speaker 1: Facebook and Google to pay for news distribution. I think 660 00:39:39,600 --> 00:39:41,600 Speaker 1: you know, to your point, this is the one area 661 00:39:41,840 --> 00:39:45,239 Speaker 1: potentially a bipartisanship. You tell me, Congressman is could could 662 00:39:45,280 --> 00:39:51,680 Speaker 1: the United States follow suit and make Facebook Google pay 663 00:39:51,719 --> 00:39:56,320 Speaker 1: for news distribution? That that identical bill has been offered 664 00:39:56,400 --> 00:39:58,960 Speaker 1: a last week. In fact, before hearing last week, I 665 00:39:59,000 --> 00:40:02,319 Speaker 1: am a co sponsor that there are other Republicans who 666 00:40:02,320 --> 00:40:05,239 Speaker 1: are co sponsors, many Democrats who are co sponsors, and 667 00:40:05,840 --> 00:40:07,480 Speaker 1: we will move forward with that. It needs to be 668 00:40:07,520 --> 00:40:10,560 Speaker 1: refined a little bit for the specifics in the United States, 669 00:40:10,560 --> 00:40:13,120 Speaker 1: but we will move forward. And so what would that 670 00:40:13,200 --> 00:40:16,880 Speaker 1: mean for the average person scrolling through their phone, thumbing 671 00:40:16,920 --> 00:40:20,000 Speaker 1: through their phone for the news that they get on 672 00:40:20,040 --> 00:40:23,600 Speaker 1: those platforms. Well, what it will mean about a third 673 00:40:23,680 --> 00:40:27,080 Speaker 1: of the small newspapers in rural America have gone under. 674 00:40:27,239 --> 00:40:30,480 Speaker 1: And what it will mean is that those newspapers will 675 00:40:30,480 --> 00:40:34,640 Speaker 1: get the same percent of advertising that the big newspapers 676 00:40:34,640 --> 00:40:37,280 Speaker 1: get and hopefully, and it's only a four year attemption, 677 00:40:37,320 --> 00:40:41,040 Speaker 1: it doesn't last forever, but it allows news media as 678 00:40:41,080 --> 00:40:44,280 Speaker 1: a group to negotiate with each of these big tech giants. 679 00:40:45,120 --> 00:40:49,360 Speaker 1: That's fascinating and an important point right there. Ken. Congressman Kembuck, 680 00:40:49,400 --> 00:40:51,640 Speaker 1: thank you so much always for making time for us. 681 00:40:51,680 --> 00:40:54,960 Speaker 1: He is a Republican from Colorado's fourth congressional district. He 682 00:40:55,040 --> 00:40:57,799 Speaker 1: is a former attorney and a prosecutor, a well known 683 00:40:57,800 --> 00:41:00,759 Speaker 1: one and a ranking member, the ranking member of the 684 00:41:00,800 --> 00:41:05,319 Speaker 1: House Antitrust Subcommittee. That's Congressman Ken Buck. Rick Davis. I mean, 685 00:41:05,360 --> 00:41:07,120 Speaker 1: I was struck by this. I mean the reports the 686 00:41:07,120 --> 00:41:11,839 Speaker 1: other week from Australia really changing the game. And in 687 00:41:11,840 --> 00:41:14,399 Speaker 1: many ways Australia has been I don't want to use 688 00:41:14,440 --> 00:41:16,959 Speaker 1: this the guinea pig, the guinea pig, so to speak, 689 00:41:17,040 --> 00:41:19,359 Speaker 1: Vick Davis for some of these issues. Yeah, it takes 690 00:41:19,360 --> 00:41:21,040 Speaker 1: a country like that to be able to do some 691 00:41:21,080 --> 00:41:24,239 Speaker 1: pioneering work and and look for suffice it to say 692 00:41:24,280 --> 00:41:26,879 Speaker 1: that in the United States, where a lot of these big, 693 00:41:26,960 --> 00:41:30,920 Speaker 1: big text companies have employed millions of people and created 694 00:41:30,960 --> 00:41:33,680 Speaker 1: trillions of dollars of wealth, the politics here is a 695 00:41:33,680 --> 00:41:38,480 Speaker 1: lot harder to navigate. And kudos to um the congressman 696 00:41:38,520 --> 00:41:41,440 Speaker 1: and his colleagues on this subcommittee, which is usually a 697 00:41:41,440 --> 00:41:45,920 Speaker 1: pretty sleepy place in Congress. Uh, they have made incredible 698 00:41:46,000 --> 00:41:49,759 Speaker 1: strides and and I think, you know, it's suffice it 699 00:41:49,840 --> 00:41:52,760 Speaker 1: to say that it takes congress people like ken Buck, 700 00:41:53,280 --> 00:41:57,480 Speaker 1: who probably have the same reputation today that Teddy Roosevelt 701 00:41:57,520 --> 00:42:00,600 Speaker 1: had at the turn of century for going after trust. Uh. 702 00:42:00,640 --> 00:42:02,840 Speaker 1: These were the behemoth companies at the turn of the 703 00:42:02,880 --> 00:42:06,120 Speaker 1: century that seemed to own everything, and and ken Buck 704 00:42:06,239 --> 00:42:08,720 Speaker 1: is even using laws that were passed in those days 705 00:42:08,800 --> 00:42:12,479 Speaker 1: to go after modern tech companies, and so I think 706 00:42:12,560 --> 00:42:15,279 Speaker 1: reform is good in this regard, and it sounds like 707 00:42:15,360 --> 00:42:18,080 Speaker 1: his agenda is very aggressive. So we can expect to 708 00:42:18,120 --> 00:42:22,200 Speaker 1: see bipartisan legislation coming out of the House of Representatives 709 00:42:22,200 --> 00:42:26,840 Speaker 1: to help peel back some of the some of the 710 00:42:26,000 --> 00:42:31,040 Speaker 1: the big tech companies and their practices business practices. Yeah, 711 00:42:31,120 --> 00:42:33,440 Speaker 1: it's it's really fascinating. It again just a sign of 712 00:42:33,520 --> 00:42:35,080 Speaker 1: the times. And I mentioned this at the top of 713 00:42:35,080 --> 00:42:38,040 Speaker 1: the show, but Rick Davis, the headline that jumps out 714 00:42:38,120 --> 00:42:41,440 Speaker 1: at me today the NFL signing a one hundred and 715 00:42:41,520 --> 00:42:46,800 Speaker 1: five billion dollar TV deal with Amazon for Thursday night football. 716 00:42:46,840 --> 00:42:49,799 Speaker 1: I mean, and that right there, you kidding aside? I 717 00:42:49,800 --> 00:42:52,720 Speaker 1: mean that changes the game, for lack of a better phrase, 718 00:42:53,120 --> 00:42:56,239 Speaker 1: that these cord cutters, you know my I'm one of them, 719 00:42:56,280 --> 00:42:59,000 Speaker 1: and how I'm now going to be I mean selfishly, Rick, 720 00:42:59,000 --> 00:43:01,280 Speaker 1: I'm gonna be able to watch Thursday night football again 721 00:43:01,560 --> 00:43:04,279 Speaker 1: and on my Amazon account, I think. So we'll leave 722 00:43:04,320 --> 00:43:07,959 Speaker 1: it there. I'm Kevin Surreally, chief Washington correspondent, cord cutter 723 00:43:08,280 --> 00:43:11,520 Speaker 1: for Bloomberg Television and for Bloomberg Radio with Rick Davis. Rick, 724 00:43:11,600 --> 00:43:15,960 Speaker 1: do you have cable I have both, of course it 725 00:43:16,040 --> 00:43:20,080 Speaker 1: does Rick Davis, Bloomberg Politics contributor, This is Bloomberg