1 00:00:00,560 --> 00:00:05,319 Speaker 1: Why from our nation's capital. How do we reopen this economy? 2 00:00:05,400 --> 00:00:08,560 Speaker 1: The latest on how this pandemic is impacting farmers. What 3 00:00:08,640 --> 00:00:11,640 Speaker 1: does this do for the United States relationship with China? 4 00:00:11,800 --> 00:00:16,720 Speaker 1: Bloomberg Sound On, the Insiders, the influencers, the insides. We're 5 00:00:16,760 --> 00:00:19,959 Speaker 1: responding to this crisis and manufacturers are stepping up like 6 00:00:20,079 --> 00:00:23,640 Speaker 1: never before. We're looking at seventy Kennedys for different vaccines. 7 00:00:23,680 --> 00:00:26,400 Speaker 1: How do we make sure a pandemic of this scale 8 00:00:26,440 --> 00:00:30,480 Speaker 1: never happens again? This is Bloomberg Sound On with Kevin 9 00:00:30,560 --> 00:00:34,839 Speaker 1: Surrelate on Bloomberg and one oh five point seven f 10 00:00:35,000 --> 00:00:38,279 Speaker 1: M h D two see minus eight days until election Day. 11 00:00:38,479 --> 00:00:41,040 Speaker 1: Josh wind Grove kicks things off with the latest from 12 00:00:41,040 --> 00:00:44,680 Speaker 1: the Trump campaign plus Kitty Greenfields here for the Bloomberg Markets. 13 00:00:44,880 --> 00:00:48,199 Speaker 1: What happened in the markets today? Well, a lot, We're 14 00:00:48,200 --> 00:00:52,960 Speaker 1: going to dive right into it. And energy talk, Energy, Energy, Energy. 15 00:00:53,120 --> 00:00:56,840 Speaker 1: Frank Massanoigh is in on for racking with former Alaska 16 00:00:56,920 --> 00:00:59,280 Speaker 1: Senator Mark Beggett. And I've got an exclusive interview with 17 00:00:59,360 --> 00:01:04,160 Speaker 1: the Chairman of the Homeland Security Committee, Ron Johnson, Republican 18 00:01:04,200 --> 00:01:07,800 Speaker 1: from Wisconsin, about Hunter Biden. You don't want to miss 19 00:01:07,840 --> 00:01:11,080 Speaker 1: that can you believe it. We're just eight days, oh ay, 20 00:01:12,040 --> 00:01:17,200 Speaker 1: eight days away from the election November three. All right, 21 00:01:17,280 --> 00:01:19,880 Speaker 1: let's get the lay of the land. Josh wyn grow Bloomberg, 22 00:01:19,880 --> 00:01:23,640 Speaker 1: White House reborder Josh, what happened on the campaign trail today? Well, 23 00:01:24,200 --> 00:01:28,720 Speaker 1: Biden spoke. So that's something we're seeing. Uh, Donald Trump 24 00:01:28,760 --> 00:01:30,520 Speaker 1: do a series of rallies, three of them all in 25 00:01:30,600 --> 00:01:33,640 Speaker 1: Pennsylvania today. I think you're gonna see even more and 26 00:01:33,720 --> 00:01:35,640 Speaker 1: more of Donald Trump as this thing goes on. He's 27 00:01:35,640 --> 00:01:39,560 Speaker 1: talking about five or six rallies a day by the end. Uh. 28 00:01:39,680 --> 00:01:43,160 Speaker 1: You know, Pennsylvania looks to be a crucial, arguably even 29 00:01:43,280 --> 00:01:46,760 Speaker 1: tipping point type state. Uh. And so you know, it 30 00:01:46,800 --> 00:01:49,200 Speaker 1: seems like things are really zeroing in on that one. 31 00:01:49,880 --> 00:01:52,000 Speaker 1: And of course, you know, Ammy Cony Barrett is storad 32 00:01:52,000 --> 00:01:54,520 Speaker 1: of hanging over all of this. Looks like she'll be 33 00:01:54,600 --> 00:01:57,560 Speaker 1: confirmed uh or sworn in I should say later tonight. 34 00:01:58,040 --> 00:02:00,720 Speaker 1: And uh and yeah, I think the Republicans will be 35 00:02:00,800 --> 00:02:03,200 Speaker 1: seizing on that. But you know, those polls just don't 36 00:02:03,280 --> 00:02:05,840 Speaker 1: really seem to move much. You know, an in cheer there, 37 00:02:05,960 --> 00:02:10,320 Speaker 1: but people seem locked in. You mentioned Pennsylvania. We actually 38 00:02:10,360 --> 00:02:13,120 Speaker 1: have a cut from pet President Trump on the campaign 39 00:02:13,160 --> 00:02:16,840 Speaker 1: trail today. He spoke at an event in Allentown, Pennsylvania, 40 00:02:16,919 --> 00:02:21,600 Speaker 1: the famous Billy Joel song Allentown, Pennsylvania, slamming the fake news, 41 00:02:21,720 --> 00:02:25,080 Speaker 1: the fake polls, predicting a repeat of his upset victory 42 00:02:25,160 --> 00:02:28,680 Speaker 1: in the presidential election. Take a listen to President Trump 43 00:02:28,760 --> 00:02:33,520 Speaker 1: on the trail. Remember, there is no way the beginning 44 00:02:33,560 --> 00:02:37,960 Speaker 1: of the evening, there is no way for Donald Trump 45 00:02:38,639 --> 00:02:41,520 Speaker 1: to get to two seventy. Right, And they were right. 46 00:02:41,639 --> 00:02:47,160 Speaker 1: I got the three oh shake. That was President Trump 47 00:02:47,200 --> 00:02:51,280 Speaker 1: speaking earlier today at an event in Allantown, Pennsylvania. You know, Josh, 48 00:02:51,680 --> 00:02:54,840 Speaker 1: Pennsylvania just so incredibly important. I joke about it. I 49 00:02:54,919 --> 00:02:57,680 Speaker 1: mean it is, of course Allentown, the Billy Joel song, 50 00:02:57,800 --> 00:03:01,280 Speaker 1: famous Billy Joel song. It's also laar actually an illustration 51 00:03:01,560 --> 00:03:04,679 Speaker 1: of the working class vote that President Trump needs to 52 00:03:04,760 --> 00:03:08,120 Speaker 1: turn out if he wants to have a repeat victory. Now, 53 00:03:08,200 --> 00:03:12,960 Speaker 1: Democratic presidential nominee Joe Biden was off the campaign trail today, 54 00:03:13,040 --> 00:03:17,079 Speaker 1: but his running mate, Vice presidential nominee Kamala Harris. Well, 55 00:03:17,360 --> 00:03:19,919 Speaker 1: take a listen to what she had to say when 56 00:03:20,000 --> 00:03:23,359 Speaker 1: she was in Uh well, actually no, this is this 57 00:03:23,600 --> 00:03:26,560 Speaker 1: was well here here, here, it is. Here's here's Senator 58 00:03:26,600 --> 00:03:29,880 Speaker 1: Kamala Harris name calling. It's not new to me. It's 59 00:03:29,880 --> 00:03:31,639 Speaker 1: not new to anybody who played on the on the 60 00:03:31,840 --> 00:03:35,000 Speaker 1: playground as a child. Um. But this is not the 61 00:03:35,080 --> 00:03:41,240 Speaker 1: playground that was, Senator Kamala Harris. Um. So I think 62 00:03:41,360 --> 00:03:43,160 Speaker 1: right there, Josh, you have just the tightening of the 63 00:03:43,280 --> 00:03:46,440 Speaker 1: races from from the two of them. Yeah. I mean 64 00:03:47,720 --> 00:03:49,720 Speaker 1: Trump just doesn't believe the polls. He said they were 65 00:03:49,800 --> 00:03:53,880 Speaker 1: wrong in sixteen. I mean, people were surprised in but 66 00:03:54,240 --> 00:03:57,320 Speaker 1: the think the race showed a lot closer race than 67 00:03:57,840 --> 00:04:00,720 Speaker 1: than they do now. They also showed a lot more 68 00:04:00,800 --> 00:04:04,000 Speaker 1: undecided than than they do now. They had fewer people 69 00:04:04,000 --> 00:04:06,760 Speaker 1: who had already voted then than they do now. So 70 00:04:07,040 --> 00:04:10,040 Speaker 1: you know, it's good to not you know, make two 71 00:04:10,120 --> 00:04:12,640 Speaker 1: direct to comparison between it and no one really knows 72 00:04:12,680 --> 00:04:14,920 Speaker 1: what will happen. And then Democrats more than anyone, are saying, 73 00:04:14,960 --> 00:04:17,520 Speaker 1: don't believe the polls because they, you know, many of 74 00:04:17,560 --> 00:04:19,840 Speaker 1: them are feeling burned from twenty sixteen when they thought 75 00:04:19,880 --> 00:04:22,080 Speaker 1: they were clear cruising on a glide path to victory, 76 00:04:22,120 --> 00:04:24,320 Speaker 1: was Secretary Quinn. And of course we know where that 77 00:04:24,440 --> 00:04:27,040 Speaker 1: where that ended, And so you know, both parties here 78 00:04:27,080 --> 00:04:28,880 Speaker 1: are trying to make sure they get their bases out 79 00:04:28,920 --> 00:04:32,520 Speaker 1: to vote. But yeah, Pennsylvania is absolutely sort of the 80 00:04:32,560 --> 00:04:35,080 Speaker 1: exact type of battleground where Trump is looking for those 81 00:04:35,160 --> 00:04:40,080 Speaker 1: smaller communities, rural or smaller cities and towns offset what 82 00:04:40,120 --> 00:04:43,440 Speaker 1: will be Democratic strength in those big cities and of 83 00:04:43,520 --> 00:04:46,520 Speaker 1: course Philadelphia and Pittsburgh in the case of Pennsylvania. But 84 00:04:46,600 --> 00:04:50,120 Speaker 1: we're seeing this another potential states to like Minnesota state 85 00:04:50,160 --> 00:04:52,040 Speaker 1: where they're still trying to put some money into even 86 00:04:52,080 --> 00:04:54,760 Speaker 1: though they lost that one in sixteen. That's one of 87 00:04:54,839 --> 00:04:56,600 Speaker 1: the ones where they think that that sort of smaller 88 00:04:56,680 --> 00:04:59,560 Speaker 1: community support, that sort of iron clad Donald Trump support 89 00:04:59,680 --> 00:05:01,520 Speaker 1: might be enough. But you know, I think the big 90 00:05:01,600 --> 00:05:03,280 Speaker 1: question right now just turn out. We just don't know 91 00:05:03,960 --> 00:05:05,800 Speaker 1: how many people are going to turn out in generally, 92 00:05:06,560 --> 00:05:08,360 Speaker 1: you know, high turnout is not a great time for 93 00:05:08,440 --> 00:05:11,080 Speaker 1: the Republican Party normally speaking, and there's some sort of 94 00:05:11,160 --> 00:05:13,880 Speaker 1: early indications that turnout could be pretty high. Josh, when 95 00:05:13,920 --> 00:05:15,640 Speaker 1: Groves on the line, he has a Bloomberg and White 96 00:05:15,680 --> 00:05:18,280 Speaker 1: House reporter. When you talk to sources at the White House, 97 00:05:18,320 --> 00:05:21,240 Speaker 1: what's the vibe, I mean, is it is it angst 98 00:05:21,560 --> 00:05:25,280 Speaker 1: or is it is it? Is it? You know, optimism 99 00:05:25,520 --> 00:05:27,000 Speaker 1: is a little bit of both. Do they feel that 100 00:05:27,040 --> 00:05:30,800 Speaker 1: they're losing? How would you categorize how they're feeling today. 101 00:05:31,760 --> 00:05:34,560 Speaker 1: I think that the well, at least at the campaign, 102 00:05:34,640 --> 00:05:37,400 Speaker 1: they think that they have a strong shot. You know, 103 00:05:37,520 --> 00:05:39,400 Speaker 1: they think the people are writing them off too early, 104 00:05:39,440 --> 00:05:41,600 Speaker 1: and the people wrote them off to early in sixteen. 105 00:05:42,000 --> 00:05:44,279 Speaker 1: They will continue to see that. You know, the White 106 00:05:44,279 --> 00:05:46,320 Speaker 1: House and the campaign definitely feel like they don't get 107 00:05:46,320 --> 00:05:48,840 Speaker 1: a fair shake from the press. You saw that with 108 00:05:48,960 --> 00:05:52,160 Speaker 1: the President's remark series, and I would say ramping up 109 00:05:52,160 --> 00:05:54,320 Speaker 1: a little bit his attacks on the press lately or 110 00:05:54,360 --> 00:05:56,760 Speaker 1: his criticisms of the press. So you know, we'll see 111 00:05:56,800 --> 00:06:00,680 Speaker 1: they think. You know, these if you're a veteran of sixteen, 112 00:06:01,200 --> 00:06:03,280 Speaker 1: you're used to being behind in the poles, You're used 113 00:06:03,320 --> 00:06:05,960 Speaker 1: to people writing you off. So they are at least 114 00:06:06,000 --> 00:06:09,040 Speaker 1: trying to I guess maybe you know, hold true or 115 00:06:09,160 --> 00:06:12,360 Speaker 1: even convinced themselves that, look, this could be all over 116 00:06:12,400 --> 00:06:16,080 Speaker 1: again as the day. The landscape is a little different, uh, 117 00:06:16,200 --> 00:06:18,320 Speaker 1: And you know the travel of Joe Biden indicates the 118 00:06:18,360 --> 00:06:20,640 Speaker 1: map might look a little different too, when you have 119 00:06:20,800 --> 00:06:24,440 Speaker 1: sort of states like Georgia in play at this stage 120 00:06:24,440 --> 00:06:26,919 Speaker 1: of the cycle. That's that's a that's a different kettle 121 00:06:26,960 --> 00:06:30,160 Speaker 1: of fish. Basically, Trump has a has a chance, probably 122 00:06:30,200 --> 00:06:33,000 Speaker 1: at a narrow electoral college win. The other end of 123 00:06:33,040 --> 00:06:36,200 Speaker 1: that spectrum is Biden just blowing out the electoral college 124 00:06:36,240 --> 00:06:37,920 Speaker 1: and the difference between those things might only be a 125 00:06:38,000 --> 00:06:41,000 Speaker 1: couple of percentage points. I think it's so interesting. Just 126 00:06:41,240 --> 00:06:45,200 Speaker 1: yesterday I was speaking to a prominent Democratic strategist in Ohio, 127 00:06:46,120 --> 00:06:48,760 Speaker 1: and you know, I was, I was kind of frank 128 00:06:48,839 --> 00:06:51,120 Speaker 1: with the source, and I just said, you know, you 129 00:06:51,200 --> 00:06:53,839 Speaker 1: got you have this in the bag, and the source said, 130 00:06:53,839 --> 00:06:58,480 Speaker 1: absolutely not, absolutely not. And I think I think there's 131 00:06:58,520 --> 00:07:04,800 Speaker 1: this sense of cautious, cautious anxiety, not optimism, anxiety that 132 00:07:04,920 --> 00:07:10,320 Speaker 1: I experience when I speak with Democrats, because really, folks, 133 00:07:10,440 --> 00:07:14,920 Speaker 1: I mean, so much of our political conversations are both 134 00:07:15,000 --> 00:07:18,560 Speaker 1: sides saying how could you vote for that nominee? How 135 00:07:18,640 --> 00:07:20,800 Speaker 1: could you really vote to re elect the president? Or 136 00:07:20,800 --> 00:07:23,000 Speaker 1: how could you vote for Joe Biden? Because everyone's so 137 00:07:23,080 --> 00:07:26,120 Speaker 1: in trenched. But the reality is whether you're in Tennessee 138 00:07:26,560 --> 00:07:29,160 Speaker 1: where people are thinking how could you vote for Joe Biden? 139 00:07:29,800 --> 00:07:31,760 Speaker 1: Or if you're in New York City, which is how 140 00:07:31,840 --> 00:07:34,360 Speaker 1: could you vote for to re elect President Trump. It 141 00:07:34,400 --> 00:07:37,600 Speaker 1: doesn't really matter what they think. What really matters is 142 00:07:37,720 --> 00:07:41,240 Speaker 1: the swing states, these swing counties and the turnout. And 143 00:07:41,320 --> 00:07:44,920 Speaker 1: it's a patchwork. It really is a patchwork of different 144 00:07:45,000 --> 00:07:50,440 Speaker 1: political communities all throughout the entire country. Josh Winger is 145 00:07:50,440 --> 00:07:51,960 Speaker 1: on the line with us. He has Bloomberg White House 146 00:07:51,960 --> 00:07:53,800 Speaker 1: Reporter coming up. We're gonna check in for how the 147 00:07:53,880 --> 00:07:57,960 Speaker 1: markets are recalibrating with regards to a potential Joe Biden victory. 148 00:07:58,080 --> 00:08:00,200 Speaker 1: All of that plus what's going on in the vix 149 00:08:00,280 --> 00:08:04,440 Speaker 1: you spike in the vix uh and fracking With Frank Possano, 150 00:08:04,480 --> 00:08:07,040 Speaker 1: partner of brace Well's Policy Resolution Group, he is d 151 00:08:07,240 --> 00:08:11,239 Speaker 1: go to Washington Insider on the issue of energy policy. 152 00:08:11,360 --> 00:08:14,520 Speaker 1: Josh wingrave, how is energy policy played in the President's 153 00:08:14,520 --> 00:08:17,680 Speaker 1: closing arguments? Well, Trump thinks of his ace in the hole. 154 00:08:17,800 --> 00:08:20,200 Speaker 1: He he believed that Biden really stepped in it in 155 00:08:20,280 --> 00:08:22,520 Speaker 1: that last debate when he talked about the need to 156 00:08:22,640 --> 00:08:26,960 Speaker 1: phase out fossil fuels. This is essentially Biden position. He 157 00:08:27,000 --> 00:08:29,400 Speaker 1: didn't really talk about ending subsidies, which is what he 158 00:08:29,440 --> 00:08:32,360 Speaker 1: wants to do. But Trump thinks, look, Biden screwed up 159 00:08:32,640 --> 00:08:35,160 Speaker 1: he's gonna sell that to energy workers, be it cold, 160 00:08:35,240 --> 00:08:38,360 Speaker 1: be it tracking, what have you, and say that Biden 161 00:08:38,440 --> 00:08:41,400 Speaker 1: wants to end your job. And we're seeing him make 162 00:08:41,440 --> 00:08:43,640 Speaker 1: that argument today in Pennsylvania. They think that that can 163 00:08:43,720 --> 00:08:48,720 Speaker 1: help close the gap. It's it's not really accurately Biden position. 164 00:08:48,800 --> 00:08:50,920 Speaker 1: He's talking about more of a phase out and an 165 00:08:51,040 --> 00:08:53,520 Speaker 1: end of subsidies. But you know, shades are great. Don't 166 00:08:53,559 --> 00:08:56,720 Speaker 1: often get nost in politics these days. So they think 167 00:08:56,800 --> 00:09:00,480 Speaker 1: this could be a turning point type issue. Where's the 168 00:09:00,520 --> 00:09:03,800 Speaker 1: Biden campus saying the whole time, We're not going to 169 00:09:03,880 --> 00:09:06,800 Speaker 1: fire anyone in the fracking industry and day one, well, 170 00:09:07,440 --> 00:09:09,800 Speaker 1: it's still and I I go back to just the 171 00:09:09,920 --> 00:09:13,760 Speaker 1: issue of that. That answer was so confusing last week 172 00:09:13,800 --> 00:09:17,600 Speaker 1: in Nashville, Tennessee. And it was so confusing and regardless 173 00:09:17,679 --> 00:09:20,280 Speaker 1: of whether you're four Biden or against Biden, if you 174 00:09:20,440 --> 00:09:23,839 Speaker 1: work in the energy sector, if you work in a refinery, 175 00:09:24,920 --> 00:09:28,320 Speaker 1: that was so incredibly confusing. You're sitting there scratching your 176 00:09:28,360 --> 00:09:30,920 Speaker 1: heads after you've experienced the worst downs aren't even worse 177 00:09:30,960 --> 00:09:34,520 Speaker 1: than two thousand and eight, So much uncertainty America for 178 00:09:34,559 --> 00:09:37,360 Speaker 1: the first time, a net exporter of energy and you've got, 179 00:09:37,720 --> 00:09:41,400 Speaker 1: you know, such a confusing answer. I I don't know 180 00:09:41,520 --> 00:09:43,560 Speaker 1: what his policy is. After listening to that, I gotta 181 00:09:43,600 --> 00:09:46,480 Speaker 1: be really candid there. I do not know what his 182 00:09:46,720 --> 00:09:48,640 Speaker 1: energy policy is. And I study this stuff. I am 183 00:09:48,679 --> 00:09:51,600 Speaker 1: a nerd, but I don't know. I have no clue 184 00:09:52,000 --> 00:09:54,400 Speaker 1: whether he would what he wants to do on emissions. 185 00:09:54,640 --> 00:09:57,520 Speaker 1: And and honestly, I'm I'm I'm stunned he hasn't been 186 00:09:57,520 --> 00:09:59,880 Speaker 1: asked about it point blank. In the days that followed you, 187 00:10:00,000 --> 00:10:01,800 Speaker 1: Biden was off the campaign trail today, My thanks to 188 00:10:01,880 --> 00:10:04,400 Speaker 1: Josh Wingrove Bloomberg White House Reporter. Coming up, I check 189 00:10:04,480 --> 00:10:07,480 Speaker 1: in with Senator Kevin Kramer. Tomorrow We're gonna have Senator 190 00:10:07,559 --> 00:10:11,000 Speaker 1: Kevin Kramer on of North Dakota. More coming up next, 191 00:10:11,040 --> 00:10:31,319 Speaker 1: I'm Kevin Sirelli. You're listening to Bloomberg. You're listening to 192 00:10:31,480 --> 00:10:36,079 Speaker 1: Bloomberg Sound On with Kevin Surreley on Bloomberg and one 193 00:10:36,120 --> 00:10:38,640 Speaker 1: oh five point seven m h D two. My name 194 00:10:38,720 --> 00:10:40,959 Speaker 1: is Kevin Sirelli. I'm the Chief Washington correspondent f for 195 00:10:40,960 --> 00:10:44,160 Speaker 1: Bloomberg Television and from Bloomberg Radio. The SMP five hundred 196 00:10:44,200 --> 00:10:49,240 Speaker 1: index headed to its biggest drop in a month. The 197 00:10:49,440 --> 00:10:53,079 Speaker 1: SMP five hundred index headed to its biggest drop in 198 00:10:53,160 --> 00:10:58,600 Speaker 1: a month on concern of rising coronavirus cases. Investors are 199 00:10:58,600 --> 00:11:02,040 Speaker 1: scared it's gonna hurt the global eonomy, and his prospects 200 00:11:02,120 --> 00:11:05,160 Speaker 1: dimmed for fiscal aid from Washington. Before the presidential election, 201 00:11:06,440 --> 00:11:08,360 Speaker 1: I was up on Capitol Hill earlier day. I was 202 00:11:08,559 --> 00:11:11,360 Speaker 1: filming an interview that we're gonna air tomorrow. Was Senator 203 00:11:11,440 --> 00:11:15,120 Speaker 1: Kevin Kramer, Republican North Dakota. He defeated Heidi hight Camp 204 00:11:15,720 --> 00:11:19,439 Speaker 1: back Inen. What did it energy? Energy? She was the 205 00:11:19,480 --> 00:11:22,680 Speaker 1: Democratic incumbent. So we talked about fracking. But I said 206 00:11:22,720 --> 00:11:26,240 Speaker 1: to him, it's looking like a lame duck deal on 207 00:11:26,320 --> 00:11:28,680 Speaker 1: the issue of the fiscal stimulus. He said, keV, because 208 00:11:28,720 --> 00:11:31,760 Speaker 1: you know his name is Kevin keV. I was saying 209 00:11:31,840 --> 00:11:35,880 Speaker 1: that for forever. I was saying that forever that it 210 00:11:35,920 --> 00:11:37,400 Speaker 1: was going to be a lame duck deal. I said. 211 00:11:37,559 --> 00:11:39,439 Speaker 1: I said, I didn't tell him this. I'm thinking to myself, 212 00:11:39,520 --> 00:11:41,640 Speaker 1: I could have told everybody that you know, uh, they're 213 00:11:41,720 --> 00:11:43,959 Speaker 1: up there down, they're up there down. Anyway. Losses for 214 00:11:44,120 --> 00:11:47,240 Speaker 1: energy and industrial company sent the benchmark age down two 215 00:11:47,280 --> 00:11:50,720 Speaker 1: point nine percent. At one point those stocks paired losses 216 00:11:50,800 --> 00:11:54,480 Speaker 1: in the afternoon, amid recoveries for the biggest technology company. 217 00:11:54,600 --> 00:11:58,559 Speaker 1: Sentiment took a hit earlier from when White House Economic 218 00:11:58,679 --> 00:12:02,640 Speaker 1: Director Larry Cudlow said that President Trump can't accept parts 219 00:12:02,679 --> 00:12:05,520 Speaker 1: of the Democrats bill on the stimulus, bolling Lockheed and 220 00:12:05,760 --> 00:12:10,800 Speaker 1: raytheon slid on China's plan to sanction the company's over 221 00:12:11,040 --> 00:12:14,520 Speaker 1: arms sales to Taiwan. Something tells me Keith krac at 222 00:12:14,520 --> 00:12:17,560 Speaker 1: the State Department does not care about those sanctions. Onward, 223 00:12:17,840 --> 00:12:20,560 Speaker 1: Joining us now on the hot line, Katie Greenfield, Bloomberg 224 00:12:20,640 --> 00:12:23,360 Speaker 1: Markets and et F S reporter, Hey, Katie, what happened 225 00:12:23,400 --> 00:12:26,679 Speaker 1: in the markets? Hi? Kevin? Well, it was certainly an 226 00:12:26,840 --> 00:12:30,599 Speaker 1: ugly day. Like you mentioned, the SMP five finished in 227 00:12:30,720 --> 00:12:35,080 Speaker 1: its ugliest day in nearly a month. And I'm going 228 00:12:35,120 --> 00:12:38,000 Speaker 1: to say that whilst lunch they have been in the 229 00:12:38,120 --> 00:12:41,319 Speaker 1: driver's seat for weeks. Today was really all about the 230 00:12:41,520 --> 00:12:44,319 Speaker 1: virus anxiety that we're seeing in the market. You know, 231 00:12:44,440 --> 00:12:46,880 Speaker 1: over the weekend we had we saw record U S 232 00:12:46,960 --> 00:12:49,880 Speaker 1: kates counts. We're getting news that Europe is getting closer 233 00:12:49,960 --> 00:12:54,440 Speaker 1: to reimposing strict lockdown restrictions, and you can surely clearly 234 00:12:54,559 --> 00:12:57,080 Speaker 1: see that fear in today's sell off. If you look 235 00:12:57,160 --> 00:12:59,400 Speaker 1: to look at what the biggest losers are today, it's 236 00:12:59,440 --> 00:13:02,800 Speaker 1: your cruise, is that your airlines. Energy is the worst 237 00:13:02,880 --> 00:13:05,839 Speaker 1: performing sector. And those are all areas of the market 238 00:13:05,920 --> 00:13:08,360 Speaker 1: that would be hit the hardest if we did see 239 00:13:08,440 --> 00:13:12,319 Speaker 1: lockdowns come back in mass and travel slow down again, 240 00:13:12,679 --> 00:13:16,640 Speaker 1: since I would obviously hurt demand for oil and gasoline. 241 00:13:16,679 --> 00:13:20,520 Speaker 1: And not to mention Royal Caribbean cruise lines, well, I 242 00:13:20,559 --> 00:13:23,200 Speaker 1: mean you mentioned the cruise industry. I mean it's going 243 00:13:23,280 --> 00:13:27,040 Speaker 1: to be remarkable just to see how travel, tourism, entertainment, 244 00:13:27,160 --> 00:13:28,800 Speaker 1: what they all do. I mean, up on the hill, 245 00:13:28,880 --> 00:13:31,840 Speaker 1: I was talking to some lawmakers. They all are on board. 246 00:13:32,120 --> 00:13:34,319 Speaker 1: All of them are on board for there to be 247 00:13:35,120 --> 00:13:38,559 Speaker 1: some type, some type of of economic relief for the 248 00:13:39,080 --> 00:13:43,240 Speaker 1: for the tourism industry, for the airline industry as well. 249 00:13:43,360 --> 00:13:45,280 Speaker 1: Take a listen to what Larry Cudlow had to say 250 00:13:45,280 --> 00:13:49,880 Speaker 1: about the economic stimulus, uh, Katie, because he was He 251 00:13:50,040 --> 00:13:53,040 Speaker 1: said that the President's open to some elements of a 252 00:13:53,120 --> 00:13:56,360 Speaker 1: coronavirus stimulus bill, but he doesn't want to help democratic 253 00:13:56,440 --> 00:13:59,240 Speaker 1: led states in trouble. That's the word from from Larry 254 00:13:59,240 --> 00:14:03,280 Speaker 1: Cublo take as in state and local spending provisions from 255 00:14:03,320 --> 00:14:07,839 Speaker 1: the other team are too large. He's very concerned about 256 00:14:07,920 --> 00:14:13,560 Speaker 1: failing out badly managed states. So there he is. I mean, Katie, 257 00:14:13,600 --> 00:14:15,520 Speaker 1: I feel like a broken record. I feel like it's 258 00:14:15,600 --> 00:14:18,120 Speaker 1: that that movie Ground Hard Day. We're sticking with the 259 00:14:18,160 --> 00:14:23,240 Speaker 1: Pennsylvania theme Puksitani Phil from Pukaani where they have that big, 260 00:14:23,440 --> 00:14:26,240 Speaker 1: big lesson it's a battleground state. My mind's on the 261 00:14:26,320 --> 00:14:29,240 Speaker 1: Keystone State, my home state, Pukati fail. But I feel 262 00:14:29,280 --> 00:14:32,000 Speaker 1: like a rerun. But seriously, I mean, I guess it's 263 00:14:32,080 --> 00:14:33,960 Speaker 1: I guess it's a it's a shoe and they're gonna 264 00:14:33,960 --> 00:14:35,480 Speaker 1: have a lame duck deal. They're not getting a deal 265 00:14:35,560 --> 00:14:39,520 Speaker 1: between next Tuesday and yeah. And I think that's also 266 00:14:39,960 --> 00:14:43,240 Speaker 1: feeding into the calculus because the broad consensus in markets 267 00:14:43,720 --> 00:14:46,040 Speaker 1: is that we could see a blue sleep here. Joe 268 00:14:46,080 --> 00:14:49,720 Speaker 1: Biden is expected of a big victory next Tuesday, that 269 00:14:49,960 --> 00:14:54,080 Speaker 1: Democratic administration is expected to push big spending. But there 270 00:14:54,240 --> 00:14:58,040 Speaker 1: is a long time between election day and inauguration Day. 271 00:14:58,120 --> 00:15:01,000 Speaker 1: That is a long time for these compani to wait 272 00:15:01,160 --> 00:15:04,520 Speaker 1: for assistance. And I think you're seeing some of the 273 00:15:04,720 --> 00:15:07,040 Speaker 1: pricing we had built into the markets, in the bond 274 00:15:07,120 --> 00:15:09,880 Speaker 1: market and the equity markets, those hopes of a blue wave, 275 00:15:10,240 --> 00:15:12,360 Speaker 1: Some of that is being dialed back just as we 276 00:15:12,480 --> 00:15:15,360 Speaker 1: get more of these scary headlines on the virus and 277 00:15:15,480 --> 00:15:18,280 Speaker 1: people start to realize there are months between when a 278 00:15:18,320 --> 00:15:20,640 Speaker 1: potential deal could be passed if we have to wait 279 00:15:21,040 --> 00:15:23,440 Speaker 1: for the new administration, if there is one to get 280 00:15:23,560 --> 00:15:26,960 Speaker 1: up and running. Well, to be honest, I mean, based 281 00:15:27,040 --> 00:15:29,880 Speaker 1: upon my reporting just today on Capitol HILM, there will 282 00:15:30,000 --> 00:15:33,360 Speaker 1: at least be a mini deal in the Lame Duck 283 00:15:33,960 --> 00:15:38,040 Speaker 1: and then uh, and even if it's the minimum of 284 00:15:38,200 --> 00:15:43,040 Speaker 1: what Leader McConnell wants, it will it will be in 285 00:15:43,280 --> 00:15:47,080 Speaker 1: in the Lame Duck. Um. But the question then becomes, 286 00:15:47,120 --> 00:15:50,640 Speaker 1: which you so brilliantly point out, Katie Greenfield, Bloomberg Markets 287 00:15:50,680 --> 00:15:53,840 Speaker 1: and ETFs reporter, is do they get how how big 288 00:15:53,960 --> 00:15:56,080 Speaker 1: is the next wave in March and not of the 289 00:15:56,160 --> 00:15:58,960 Speaker 1: virus but of the fiscal stimulus? And when does that come? 290 00:15:59,440 --> 00:16:02,200 Speaker 1: And can Main Street wait forget about Wall Street and 291 00:16:02,360 --> 00:16:05,760 Speaker 1: Main Street wait in the small business is way? UH 292 00:16:06,600 --> 00:16:10,800 Speaker 1: until after inauguration, whether that's a reinauguration of President Trump 293 00:16:11,040 --> 00:16:15,200 Speaker 1: or UH an inauguration of of of Joe Biden kty Griefeld. 294 00:16:15,240 --> 00:16:17,640 Speaker 1: You mentioned the virus, I mean, what about in terms 295 00:16:17,680 --> 00:16:20,760 Speaker 1: of what happened today with US China's sentiment, With the 296 00:16:21,560 --> 00:16:24,640 Speaker 1: Communist Party of China's announcement that they planned to sanction 297 00:16:24,680 --> 00:16:29,760 Speaker 1: companies like Lockheed, Boeing and Righteon. That definitely took a 298 00:16:29,800 --> 00:16:33,120 Speaker 1: bite out of sentiment. Because in speaking with investors over 299 00:16:33,200 --> 00:16:36,000 Speaker 1: the past several weeks, I mean, the trade war has 300 00:16:36,080 --> 00:16:38,720 Speaker 1: definitely been on the back burner, but it is a 301 00:16:38,840 --> 00:16:41,280 Speaker 1: part of people's calculus. You know, will we see some 302 00:16:41,400 --> 00:16:45,320 Speaker 1: of the tariffs of the Trump administration imposed rolled off? 303 00:16:45,440 --> 00:16:47,840 Speaker 1: And to you know, follow upon a point you just made, 304 00:16:48,320 --> 00:16:51,560 Speaker 1: whether those tariffs are rolled off fits into the calculus 305 00:16:51,640 --> 00:16:54,320 Speaker 1: of how big this deal could be, since if we 306 00:16:54,480 --> 00:16:58,520 Speaker 1: do see a corporate tax the corporate tax rate raised. 307 00:16:58,880 --> 00:17:01,200 Speaker 1: What I've heard from investors is that, you know, if 308 00:17:01,240 --> 00:17:03,120 Speaker 1: you get the tariffs rolled off, if you get a 309 00:17:03,160 --> 00:17:06,960 Speaker 1: big stimulus package, that would help sort of blunt the 310 00:17:07,119 --> 00:17:10,280 Speaker 1: impact of a corporate tax hike. But you know, to 311 00:17:10,440 --> 00:17:14,080 Speaker 1: see pensions flare between US and China again in this 312 00:17:14,240 --> 00:17:16,520 Speaker 1: way that we haven't seen in a while, as we've 313 00:17:16,560 --> 00:17:20,080 Speaker 1: been focused on the virus and the election, it definitely 314 00:17:20,160 --> 00:17:22,040 Speaker 1: took a bite out of sentiment. I think that's why 315 00:17:22,160 --> 00:17:25,560 Speaker 1: you saw such a broad sell off today and why 316 00:17:25,640 --> 00:17:28,680 Speaker 1: you saw the bond markets rally so strongly. They've really 317 00:17:28,800 --> 00:17:32,120 Speaker 1: been uh not moving too much, and yield treasure yields 318 00:17:32,119 --> 00:17:34,800 Speaker 1: have been rising actually, even though we have seen sentiment 319 00:17:35,119 --> 00:17:38,160 Speaker 1: really take a nose dive in the past few weeks. Well, 320 00:17:38,280 --> 00:17:41,480 Speaker 1: and you're and you're absolutely correct. I mean, from your perspective, 321 00:17:41,560 --> 00:17:43,840 Speaker 1: what else do you think we should be keeping our 322 00:17:43,920 --> 00:17:47,640 Speaker 1: eye on over the next that that isn't related, that's coming, 323 00:17:47,680 --> 00:17:49,520 Speaker 1: that isn't related to the election. What else are you 324 00:17:49,640 --> 00:17:52,080 Speaker 1: keeping your eye on in terms of what's been going on? 325 00:17:52,800 --> 00:17:56,000 Speaker 1: Spike in the VIX today, tell me about the VIX today. Yeah, well, 326 00:17:56,359 --> 00:17:58,440 Speaker 1: that's that's a great point. And I mean it's hard 327 00:17:58,520 --> 00:18:00,119 Speaker 1: to take your eye off the eight ball with eight 328 00:18:00,200 --> 00:18:02,520 Speaker 1: days until the election. But let's not forget this is 329 00:18:02,600 --> 00:18:06,399 Speaker 1: a huge week for earnings. We have over fifty or 330 00:18:06,520 --> 00:18:10,080 Speaker 1: nearly fifteen trillion of of market cap and SMPS five 331 00:18:10,119 --> 00:18:13,320 Speaker 1: hundred companies reporting this week, and Thursday is a really 332 00:18:13,440 --> 00:18:17,240 Speaker 1: big day because we have Apple, Amazon, Facebook, Google, Google, 333 00:18:17,320 --> 00:18:20,600 Speaker 1: most of your fang names are reporting on Thursday, and 334 00:18:20,720 --> 00:18:23,560 Speaker 1: I think that's a big reason why you saw the 335 00:18:23,800 --> 00:18:25,760 Speaker 1: both the VIX and the v x N, which has 336 00:18:26,000 --> 00:18:30,080 Speaker 1: implied volatility for those that tech index rise today, because 337 00:18:30,160 --> 00:18:33,800 Speaker 1: it's been a very punishing earning season so far. The 338 00:18:33,960 --> 00:18:36,119 Speaker 1: data is from Wells Fargo. They found that of the 339 00:18:36,200 --> 00:18:40,240 Speaker 1: companies that have reported already and have missed EPs estimates, 340 00:18:40,600 --> 00:18:43,760 Speaker 1: on average, they're falling twice as much as normal, and 341 00:18:43,840 --> 00:18:47,600 Speaker 1: even the ones that are beating those estimates are still underperforming. 342 00:18:48,080 --> 00:18:51,440 Speaker 1: So it's been a pretty tough earning season so far. 343 00:18:51,600 --> 00:18:54,600 Speaker 1: The bar has been really high, and especially after the 344 00:18:54,680 --> 00:18:57,760 Speaker 1: run up we saw this summer. UH. Some would argue 345 00:18:57,800 --> 00:19:01,720 Speaker 1: that the indexis in the style someselves are priced for perfection, 346 00:19:01,880 --> 00:19:04,840 Speaker 1: So Thursday especially, it's gonna be a big week overall. 347 00:19:05,000 --> 00:19:08,440 Speaker 1: But watch those staying earnings on Thursday. Yeah, remarkable, Okay. 348 00:19:08,520 --> 00:19:11,920 Speaker 1: Cradie Greenfield, Bloomberg Market and et F Reporter, thank you 349 00:19:12,000 --> 00:19:14,920 Speaker 1: so much for for breaking all of today's trading news down. 350 00:19:14,960 --> 00:19:16,959 Speaker 1: For US again, the SMP five hundred heads for its 351 00:19:17,000 --> 00:19:20,639 Speaker 1: biggest decline in a month in one month, this on 352 00:19:20,760 --> 00:19:23,639 Speaker 1: new fears as US virus is spike UH in the 353 00:19:23,760 --> 00:19:26,800 Speaker 1: United States as well as Europe. Coming up next, we 354 00:19:26,960 --> 00:19:29,960 Speaker 1: turned back to the campaign trail and Judge Jamie Coney Barrett, 355 00:19:30,040 --> 00:19:33,280 Speaker 1: who is said to be confirmed to the Supreme Court. Tonight, 356 00:19:33,840 --> 00:19:37,040 Speaker 1: I'm Kevin Curreli, the chief Washington correspondent for Bloomberg Television 357 00:19:37,080 --> 00:20:00,879 Speaker 1: and for Bloomberg Radio. You're listening to Bloomberg from how 358 00:20:00,960 --> 00:20:04,639 Speaker 1: do we reopen this economy? The latest on how this 359 00:20:04,800 --> 00:20:07,760 Speaker 1: pandemic is impacting farmers, what does this do? From the 360 00:20:07,880 --> 00:20:12,560 Speaker 1: United States relationship with China Bloomberg Sound On, the insiders, 361 00:20:12,760 --> 00:20:16,399 Speaker 1: the influencers, the insides. We're responding to this crisis and 362 00:20:16,520 --> 00:20:19,800 Speaker 1: manufacturers are stepping up like never before. We're looking at 363 00:20:19,880 --> 00:20:22,880 Speaker 1: seventy kennidates for different vactines. How do we make sure 364 00:20:23,080 --> 00:20:26,480 Speaker 1: a pandemic of this scale never happens again? This is 365 00:20:26,560 --> 00:20:31,919 Speaker 1: Bloomberg Sound On with Kevin Surrelate on Bloomberg and one 366 00:20:31,960 --> 00:20:35,800 Speaker 1: oh five point seven f M h D two. We've 367 00:20:35,880 --> 00:20:41,200 Speaker 1: got special special programming tonight with just the week and 368 00:20:41,240 --> 00:20:43,560 Speaker 1: a day away from the election, plus an interview with 369 00:20:43,600 --> 00:20:46,240 Speaker 1: the Chairman of the Homeland Security Committee r I Folks. 370 00:20:46,320 --> 00:20:49,680 Speaker 1: Ready set jam pack Newsday. President Trump was in the 371 00:20:49,800 --> 00:20:56,760 Speaker 1: battleground state of Pennsylvania, speaking in Allentown, Pennsylvania earlier today 372 00:20:56,880 --> 00:21:00,679 Speaker 1: on the campaign trail, and he's calling for another clitical upset. 373 00:21:00,720 --> 00:21:06,520 Speaker 1: Take a listen. There is no way the beginning of 374 00:21:06,560 --> 00:21:11,600 Speaker 1: the evening, there is no way for Donald Trump to 375 00:21:11,720 --> 00:21:14,560 Speaker 1: get to two seventy, right, And they were right. I 376 00:21:14,640 --> 00:21:19,000 Speaker 1: got to three oh six. That was President Trump speaking 377 00:21:19,080 --> 00:21:22,600 Speaker 1: on the campaign trail in Allentown, Pennsylvania. Vice President Mike 378 00:21:22,640 --> 00:21:25,800 Speaker 1: Bence also on the campaign trail, and no sign of 379 00:21:25,920 --> 00:21:30,399 Speaker 1: slowing down despite three more cases of COVID nineteen tied 380 00:21:31,000 --> 00:21:36,480 Speaker 1: uh to the Vice president's inner circle. Meanwhile, Senator Kamala Harris, 381 00:21:36,560 --> 00:21:40,600 Speaker 1: Democratic vice presidential nominee Kamala Harris speaking on the view, 382 00:21:41,359 --> 00:21:44,800 Speaker 1: drawing a contrast to President Trump. Here, she is one 383 00:21:44,840 --> 00:21:47,600 Speaker 1: in five mothers, is describing her children under the age 384 00:21:47,600 --> 00:21:49,600 Speaker 1: of twelve is being hungry. In our country, we're in 385 00:21:49,600 --> 00:21:52,640 Speaker 1: the midst of a hunger crisis. And so I don't 386 00:21:52,640 --> 00:21:55,240 Speaker 1: think any of us should be distracted by the President's 387 00:21:55,359 --> 00:21:59,480 Speaker 1: frankly childish behavior. And that's how she tried to describe 388 00:21:59,640 --> 00:22:02,359 Speaker 1: President Did Donald Trump this, of course? Did anybody watched 389 00:22:02,359 --> 00:22:05,359 Speaker 1: sixty minutes last night? Wow? What a riven ing hour 390 00:22:05,560 --> 00:22:09,080 Speaker 1: of television that was on CBS sixty Minutes here with 391 00:22:09,240 --> 00:22:12,640 Speaker 1: me for the hour to political all stars Frank Nissano, 392 00:22:12,800 --> 00:22:16,920 Speaker 1: partner at brace Well's Policy Resolution Group, and former Alaska 393 00:22:17,000 --> 00:22:20,280 Speaker 1: Senator Mark Begett, who was now a strategic consulting advisor 394 00:22:20,640 --> 00:22:24,639 Speaker 1: at Brownstein Hyatt Farber, and Shrek. Frank, I'll start with you. 395 00:22:24,920 --> 00:22:28,639 Speaker 1: I mean, Pennsylvania, he's the president Trump is throwing up 396 00:22:28,680 --> 00:22:31,840 Speaker 1: a political hail Mary, uh. And in terms of trying 397 00:22:31,920 --> 00:22:35,240 Speaker 1: to turn it around, and he's relying on fracking do it. Yeah. 398 00:22:35,320 --> 00:22:39,720 Speaker 1: I think his entire his entire political career, if you 399 00:22:39,800 --> 00:22:42,879 Speaker 1: could consider it a hail Mary keb So, I mean, 400 00:22:43,040 --> 00:22:45,440 Speaker 1: you know, I'm amazed that we're we're still in the 401 00:22:45,480 --> 00:22:48,080 Speaker 1: places that we are. But you know, Pennsylvania is a 402 00:22:48,119 --> 00:22:53,040 Speaker 1: battleground and whether you know, and in Thursday's debate only 403 00:22:53,200 --> 00:22:58,520 Speaker 1: underscored the president's uh need to push on this issue. UM. 404 00:22:58,880 --> 00:23:01,920 Speaker 1: The reality is, you know, the oil and gas industry 405 00:23:02,040 --> 00:23:04,280 Speaker 1: is so important. You know this, You're from that area 406 00:23:04,359 --> 00:23:07,800 Speaker 1: up in the Allentown, Scranton Wilkespire area. It's it's so 407 00:23:08,000 --> 00:23:10,560 Speaker 1: important to that area, it's so important to the to 408 00:23:10,680 --> 00:23:14,400 Speaker 1: the entire Marcella Shelle region that UM, you know, there's 409 00:23:14,440 --> 00:23:19,320 Speaker 1: so many Democrats there that are concerned about UM where 410 00:23:19,440 --> 00:23:22,760 Speaker 1: progressives may take folks and you know our you know, 411 00:23:23,000 --> 00:23:26,400 Speaker 1: we need more people back in Congress, like Mark Baggage actually, 412 00:23:26,760 --> 00:23:29,879 Speaker 1: so we can you know, have a better going forward process. 413 00:23:29,960 --> 00:23:32,119 Speaker 1: And I think that's what the argument he's going to 414 00:23:32,200 --> 00:23:35,320 Speaker 1: continue to make. UM. Will it stick. I'm not sure 415 00:23:35,560 --> 00:23:37,800 Speaker 1: that it will stick, because you know, there are a 416 00:23:37,880 --> 00:23:40,640 Speaker 1: lot of other factors out there, But that's the play 417 00:23:40,720 --> 00:23:43,040 Speaker 1: he's going to make in places like Pennsylvania because of 418 00:23:43,119 --> 00:23:46,399 Speaker 1: the opening that the Vice president and his reliance on 419 00:23:46,440 --> 00:23:48,240 Speaker 1: a lot of progressives have given him in some of 420 00:23:48,320 --> 00:23:52,440 Speaker 1: those areas. Do you understand Frank, what Joe Biden's energy 421 00:23:52,520 --> 00:23:56,840 Speaker 1: policy will be, based upon his answers in Nashville, Well, 422 00:23:56,880 --> 00:23:59,160 Speaker 1: I don't. I mean, I don't think we know at all. 423 00:23:59,240 --> 00:24:01,119 Speaker 1: I mean, I think what we know is that the 424 00:24:01,200 --> 00:24:04,840 Speaker 1: minute that he certified, if he is certified, and whenever 425 00:24:04,960 --> 00:24:07,280 Speaker 1: that may be, it might be November four, it might 426 00:24:07,359 --> 00:24:11,640 Speaker 1: be sometime later, depending on votes and things like that. UM. 427 00:24:12,040 --> 00:24:14,560 Speaker 1: I think that when what we do know is when 428 00:24:14,680 --> 00:24:17,560 Speaker 1: he is certified the winner, if he is UM, that 429 00:24:17,800 --> 00:24:20,240 Speaker 1: that's when the beginning of the fight is going to 430 00:24:20,359 --> 00:24:24,800 Speaker 1: be between Democrats, between internally between Democrats from the progressives 431 00:24:25,200 --> 00:24:27,800 Speaker 1: and from the moderates. And I would argue that, you know, 432 00:24:27,920 --> 00:24:31,680 Speaker 1: the moderates have given them the power in the moderates 433 00:24:31,760 --> 00:24:34,879 Speaker 1: will likely give them the power here um when they 434 00:24:35,040 --> 00:24:38,240 Speaker 1: when they when they take back let's say states like Pennsylvania, 435 00:24:38,240 --> 00:24:42,000 Speaker 1: in in uh and uh in Michigan. And he's gonna 436 00:24:42,000 --> 00:24:45,359 Speaker 1: win those states because of rust belt Democrats who voted 437 00:24:45,400 --> 00:24:47,760 Speaker 1: for Trump in sixteen that turned and came back to 438 00:24:47,840 --> 00:24:50,200 Speaker 1: Joe Biden. So the real battle is going to begin 439 00:24:50,760 --> 00:24:54,920 Speaker 1: there and we'll see. That's gonna shape who is in 440 00:24:55,320 --> 00:24:58,080 Speaker 1: his places. It's going to shape the kind of policy 441 00:24:58,200 --> 00:25:00,920 Speaker 1: they take, and it's gonna shape how people receive it 442 00:25:01,000 --> 00:25:03,399 Speaker 1: and voters receive it. Um. And you know, we've been 443 00:25:03,440 --> 00:25:05,720 Speaker 1: down that road before, and I'm happy to talk about that, 444 00:25:05,920 --> 00:25:09,119 Speaker 1: but we've been down that road. We were down that 445 00:25:09,240 --> 00:25:13,680 Speaker 1: road um when Democrats had full control so uh and 446 00:25:13,880 --> 00:25:16,080 Speaker 1: and the results weren't that good for them. So so 447 00:25:16,160 --> 00:25:19,040 Speaker 1: we'll see where it goes. Diving into my Bloomberg terminal 448 00:25:19,200 --> 00:25:22,119 Speaker 1: coin toss, that's how the terminal is describing it. Odds 449 00:25:22,160 --> 00:25:25,840 Speaker 1: of a blue wave and next month's elections drop toward 450 00:25:25,920 --> 00:25:30,400 Speaker 1: a fifty fifty percent according to predicted former Senator Mark 451 00:25:30,400 --> 00:25:32,399 Speaker 1: Baggage is on the line. I mean, sticking with this 452 00:25:32,600 --> 00:25:35,080 Speaker 1: idea of a blue wave and the chances of which 453 00:25:35,119 --> 00:25:39,520 Speaker 1: now a toss up. What are you observing, Senator Well, 454 00:25:39,600 --> 00:25:42,080 Speaker 1: I would agree with that that I think it's always 455 00:25:42,119 --> 00:25:45,160 Speaker 1: been no matter what the numbers show two weeks ago 456 00:25:45,320 --> 00:25:46,840 Speaker 1: or a week ago, I always felt it was going 457 00:25:46,880 --> 00:25:48,240 Speaker 1: to be at the end of the day, a blue 458 00:25:48,280 --> 00:25:51,800 Speaker 1: wave kind of toss up whether lean you know, lean 459 00:25:51,920 --> 00:25:55,800 Speaker 1: toward a blue wave because of so many of these 460 00:25:55,880 --> 00:25:59,800 Speaker 1: senatorial races, congressional rates, but specifically the Senate Senate raisings, 461 00:26:00,160 --> 00:26:03,760 Speaker 1: these tough states are leaning blue. But also if you 462 00:26:03,800 --> 00:26:06,000 Speaker 1: look at the data points, I mean, you know, you 463 00:26:06,080 --> 00:26:08,159 Speaker 1: talk about oil and gas, which we know a lot 464 00:26:08,240 --> 00:26:11,479 Speaker 1: about here in Alaska energy policy, and under that's I mean, 465 00:26:11,520 --> 00:26:14,520 Speaker 1: we we live and breathing, and sometimes when it goes down, 466 00:26:14,600 --> 00:26:18,639 Speaker 1: we're choking. You know that we get it. But you know, 467 00:26:18,800 --> 00:26:23,000 Speaker 1: during the Obama Biden administration, we were able to open 468 00:26:23,160 --> 00:26:26,240 Speaker 1: up the Arctic for oil and gas exploration in the 469 00:26:26,320 --> 00:26:28,359 Speaker 1: National Patrolling Reserve, which I don't think a lot of 470 00:26:28,400 --> 00:26:32,639 Speaker 1: people fought was possible. With a strong progressive tone and 471 00:26:32,680 --> 00:26:36,200 Speaker 1: the administration. But in these areas there's some moderation. But 472 00:26:36,400 --> 00:26:39,320 Speaker 1: now saying all that, I think the point that was 473 00:26:39,400 --> 00:26:43,920 Speaker 1: just made, you know, moderates um brought the House back 474 00:26:44,000 --> 00:26:47,879 Speaker 1: in eighteen didn't really exercise the power that they have 475 00:26:48,160 --> 00:26:53,520 Speaker 1: now they might bring not only the Senate but also 476 00:26:53,600 --> 00:26:57,120 Speaker 1: the presidency. I think the moderates that come aboard from 477 00:26:57,320 --> 00:26:59,920 Speaker 1: you know, Western states and others are going to be 478 00:27:00,280 --> 00:27:03,600 Speaker 1: very aware that they have to create a moderation, not 479 00:27:03,840 --> 00:27:09,480 Speaker 1: a h overboard progressive viewpoint on issues around energy because 480 00:27:09,840 --> 00:27:12,359 Speaker 1: it's not realistic. It's not what wins the rust belt 481 00:27:12,359 --> 00:27:14,520 Speaker 1: and it's not what wins the West, and so I 482 00:27:14,600 --> 00:27:18,760 Speaker 1: think I wins Yeah, and that's right. It doesn't win 483 00:27:18,840 --> 00:27:21,480 Speaker 1: jobs either. I mean, it's a big for the equation. 484 00:27:21,520 --> 00:27:24,120 Speaker 1: And I think you're gonna see this is very careful. 485 00:27:24,680 --> 00:27:27,600 Speaker 1: And my bed is if Biden is elected president of 486 00:27:27,680 --> 00:27:32,080 Speaker 1: Senate's Democratic controlled, he'll use the Senate as the moderating force. 487 00:27:32,240 --> 00:27:34,600 Speaker 1: Let the House do what they're gonna do, and let 488 00:27:34,720 --> 00:27:36,960 Speaker 1: the Senate be the moderating force and kind of bridge 489 00:27:37,040 --> 00:27:39,280 Speaker 1: the gap. But at the end of the day, I 490 00:27:39,720 --> 00:27:42,800 Speaker 1: you know, I'd still give it a blue tip. Uh, 491 00:27:43,040 --> 00:27:47,960 Speaker 1: you know, advantage just because of some of the campaigns 492 00:27:48,000 --> 00:27:51,280 Speaker 1: I'm watching, And I do think the health care issue 493 00:27:51,600 --> 00:27:53,920 Speaker 1: got some of these guys on the Repulican side a 494 00:27:53,920 --> 00:27:56,880 Speaker 1: little off base. And that's why you see them all claiming, 495 00:27:57,000 --> 00:28:00,040 Speaker 1: now you know, we're all four pre existing condition and 496 00:28:00,160 --> 00:28:06,600 Speaker 1: we always have been well. I think and look, I'm 497 00:28:06,640 --> 00:28:09,360 Speaker 1: so grateful to have uh, Mark Beggage and and Frank 498 00:28:09,400 --> 00:28:12,200 Speaker 1: Passano and I mean to energy all stars, especially when 499 00:28:12,200 --> 00:28:14,600 Speaker 1: we're talking about this. I mean, it really is to 500 00:28:14,920 --> 00:28:17,200 Speaker 1: people who really understand and have lived it. For me, 501 00:28:17,359 --> 00:28:19,920 Speaker 1: just as a reporter, it's quite remarkable. I mean, you 502 00:28:19,960 --> 00:28:24,720 Speaker 1: can really figure out. It's just remarkable to be in 503 00:28:24,800 --> 00:28:27,960 Speaker 1: the zeitgeist, as Tom Keene always says, uh and and 504 00:28:28,320 --> 00:28:30,800 Speaker 1: and and run into folks who don't understand how big 505 00:28:30,840 --> 00:28:32,680 Speaker 1: of a gaff that was, and how many not even 506 00:28:32,720 --> 00:28:35,040 Speaker 1: a gaff, because it's deeper than that. Even if you're 507 00:28:35,040 --> 00:28:38,000 Speaker 1: supporting Joe Biden to not understand what he's going to 508 00:28:38,160 --> 00:28:41,280 Speaker 1: do or what his energy policy is, when you have 509 00:28:41,880 --> 00:28:44,920 Speaker 1: refinery workers and their families who have been through heck, 510 00:28:45,400 --> 00:28:48,760 Speaker 1: I don't want to use the button Barada heck since 511 00:28:49,200 --> 00:28:53,520 Speaker 1: March and then to have that uncertainty injected in Nashville. Remarkable. 512 00:28:53,560 --> 00:28:55,720 Speaker 1: Coming up, my exclusive interview with the Chairman of the 513 00:28:55,760 --> 00:29:00,440 Speaker 1: Homeland Security Committee, Ron Johnson, on Hunter Biden and always 514 00:29:00,480 --> 00:29:27,400 Speaker 1: in you're listening Bloomberg, Oh, rocket Man, I'm Kevin Surreally, 515 00:29:30,200 --> 00:29:35,040 Speaker 1: Chief Washington correspondent for Bloomberg Television and for Bloomberg Radio. 516 00:29:36,560 --> 00:29:40,600 Speaker 1: Rocketman by Elton john You know, earlier today, I was 517 00:29:40,720 --> 00:29:45,920 Speaker 1: in the Senate, Um, you know, and I if we 518 00:29:46,080 --> 00:29:49,520 Speaker 1: have I was in the Senate interviewing the Chairman of 519 00:29:49,640 --> 00:29:51,760 Speaker 1: Foreign Relations. And they're going to email me this because 520 00:29:51,960 --> 00:29:53,840 Speaker 1: they have the script for me that that they have it. 521 00:29:53,920 --> 00:29:59,120 Speaker 1: I don't have it. Um. And I was interviewing the 522 00:29:59,280 --> 00:30:04,960 Speaker 1: Chairman of Home Land relate Homeland Security. Here it is. 523 00:30:05,080 --> 00:30:08,600 Speaker 1: Earlier today, I spoke with Wisconsin Republican Senator Ron Johnson. 524 00:30:08,680 --> 00:30:11,640 Speaker 1: He is the Chairman of the Homeland Security Committee. Uh. 525 00:30:11,840 --> 00:30:14,080 Speaker 1: And here's what he told me about the committee's investigation 526 00:30:14,120 --> 00:30:16,440 Speaker 1: and super RESMA holdings and Hunter Biden. Here he is 527 00:30:17,800 --> 00:30:19,680 Speaker 1: it's hard to predict. I mean, I would like the 528 00:30:19,760 --> 00:30:23,120 Speaker 1: news media, the mainstream media actually to take a serious 529 00:30:23,160 --> 00:30:25,920 Speaker 1: look at our report. And then you know, the revelation 530 00:30:26,000 --> 00:30:28,760 Speaker 1: of these new emails, which again from our from our 531 00:30:28,840 --> 00:30:32,480 Speaker 1: work as we try to verify and validate the authenticity 532 00:30:32,520 --> 00:30:36,040 Speaker 1: these emails, we haven't found anything any discrepancies. Right now, 533 00:30:36,200 --> 00:30:38,400 Speaker 1: it certainly appears that all these emails that are being 534 00:30:39,920 --> 00:30:43,200 Speaker 1: publicized right now, primarily in the right wing media sites, 535 00:30:43,560 --> 00:30:45,800 Speaker 1: are true and accurate, and they paint a pretty troubling picture, 536 00:30:45,880 --> 00:30:47,840 Speaker 1: as did our report. What do you say to folks 537 00:30:48,000 --> 00:30:50,239 Speaker 1: say these emails aren't I think they're wrong. I mean 538 00:30:50,280 --> 00:30:51,600 Speaker 1: they have to I mean they would actually need to 539 00:30:51,600 --> 00:30:53,480 Speaker 1: take a look at what we're looking at as we 540 00:30:53,560 --> 00:30:57,000 Speaker 1: authenticate them. I mean, you have an email, uh, sent 541 00:30:57,200 --> 00:30:59,440 Speaker 1: by by whoever you go, and you talk to other 542 00:30:59,480 --> 00:31:01,720 Speaker 1: people on that email chain. You asked him, is this 543 00:31:01,840 --> 00:31:05,040 Speaker 1: a true email? And so far everybody's been saying yes, 544 00:31:05,120 --> 00:31:10,240 Speaker 1: including Tony Bobolinsky, which those emails are are really quite incriminating. 545 00:31:10,920 --> 00:31:12,640 Speaker 1: So then I asked him because look, I mean, I 546 00:31:12,880 --> 00:31:15,440 Speaker 1: get it. If you're listening to this, it's it's politicized. 547 00:31:15,520 --> 00:31:17,240 Speaker 1: You're If you're a Republican, you think that that was 548 00:31:17,320 --> 00:31:19,440 Speaker 1: too uh, you know that you think I didn't go 549 00:31:19,520 --> 00:31:21,320 Speaker 1: hard enough. If you're a Democrat, you think I shouldn't 550 00:31:21,320 --> 00:31:23,600 Speaker 1: even be asking those questions. But I then asked Senator 551 00:31:23,640 --> 00:31:26,560 Speaker 1: Johnson about how this could impact the potential Biden administration 552 00:31:27,080 --> 00:31:30,120 Speaker 1: in the sense, how would they conduct relations with Russia 553 00:31:30,200 --> 00:31:33,680 Speaker 1: and Ukraine. What does this do in terms of for 554 00:31:34,080 --> 00:31:37,440 Speaker 1: a first term or a single term Biden administration. What 555 00:31:37,680 --> 00:31:42,040 Speaker 1: shadow does this cast over their geo political relationships with 556 00:31:42,120 --> 00:31:44,640 Speaker 1: Russia and the Ukraine? Because to me, Ding Ding Ding, 557 00:31:44,960 --> 00:31:47,880 Speaker 1: that's why this matters geo politically. Here it is you 558 00:31:47,960 --> 00:31:52,840 Speaker 1: should be concerning because we may only just be scratching 559 00:31:52,880 --> 00:31:56,480 Speaker 1: the surface of the foreign financial entanglements of the Biden 560 00:31:56,600 --> 00:31:59,120 Speaker 1: family what we see already. You know part of the 561 00:31:59,160 --> 00:32:02,040 Speaker 1: reasons the media just ignored our report, as they said, 562 00:32:02,080 --> 00:32:05,640 Speaker 1: I didn't say there's anything illegal. Well, my job is 563 00:32:05,720 --> 00:32:08,320 Speaker 1: not to determine whether there's something legally illegal. It's trying 564 00:32:08,360 --> 00:32:12,160 Speaker 1: to do oversight, obtain information to inform public policy, but 565 00:32:12,240 --> 00:32:15,840 Speaker 1: also to inform the public. What we found was incredibly troubling. 566 00:32:15,960 --> 00:32:18,120 Speaker 1: But when you look at these things, I mean the 567 00:32:18,280 --> 00:32:21,160 Speaker 1: glaring conflict of interest and even buzz feedback in two 568 00:32:21,200 --> 00:32:23,080 Speaker 1: thousand and fourteen, when they wrote a letter and one 569 00:32:23,120 --> 00:32:25,920 Speaker 1: of these emails, wrote an email to the Executive Office 570 00:32:25,960 --> 00:32:29,640 Speaker 1: of the President about the announcement that Hunter Biden had 571 00:32:29,680 --> 00:32:33,160 Speaker 1: joined the board of RIESMA. The paraphrase quote is it's 572 00:32:33,240 --> 00:32:36,640 Speaker 1: odd on its face, and if true, represents a glaring 573 00:32:36,720 --> 00:32:40,240 Speaker 1: conflict of interest. So it may not be illegal, but 574 00:32:40,320 --> 00:32:43,280 Speaker 1: it's not right. It looks pretty sleazy to me. And 575 00:32:43,360 --> 00:32:45,440 Speaker 1: I think the more we find out, the more these 576 00:32:45,480 --> 00:32:49,720 Speaker 1: emails reveal, it just shows greater and greater sleaziness. And 577 00:32:49,840 --> 00:32:53,440 Speaker 1: that's concerned. Mark Baggage is online former Senator of Alaska. 578 00:32:53,480 --> 00:32:56,920 Speaker 1: Frank Passano partner at brace Wells Policy and Resolution Group. Yeah. 579 00:32:56,920 --> 00:33:01,240 Speaker 1: I'm not gonna ask you about, you know, the back 580 00:33:01,280 --> 00:33:04,480 Speaker 1: and forth politics, but from from the last point the 581 00:33:04,560 --> 00:33:08,920 Speaker 1: geopolitics senator, I mean that that's got to give the 582 00:33:08,960 --> 00:33:12,600 Speaker 1: Biden administration some the hawks on the Hill are going 583 00:33:12,640 --> 00:33:14,080 Speaker 1: to be watching him on how he deals with the 584 00:33:14,200 --> 00:33:18,400 Speaker 1: Ukraine and Russia. I think you're I think you're right 585 00:33:18,480 --> 00:33:20,200 Speaker 1: on that. I think people are gonna watch. But it's 586 00:33:20,240 --> 00:33:22,600 Speaker 1: no different than what they're doing now to some degree 587 00:33:22,840 --> 00:33:27,320 Speaker 1: with President Trump and his um kind of love affair 588 00:33:27,560 --> 00:33:31,440 Speaker 1: with Russia and to some degree China, but not really 589 00:33:31,480 --> 00:33:34,840 Speaker 1: but Russia. And so there's always doesn't matter who the 590 00:33:34,920 --> 00:33:39,400 Speaker 1: president is, we should be always questioning what are international 591 00:33:39,480 --> 00:33:41,440 Speaker 1: policies are. And I think that the worry that I 592 00:33:41,560 --> 00:33:44,440 Speaker 1: am out of this, honestly, is is it going to 593 00:33:44,520 --> 00:33:47,240 Speaker 1: be that Biden wins, then we're gonna be within thirty 594 00:33:47,360 --> 00:33:50,920 Speaker 1: days of some sort of investigation type of process. Or 595 00:33:50,920 --> 00:33:53,360 Speaker 1: if the Democrats are in charge of the center in 596 00:33:53,400 --> 00:33:55,800 Speaker 1: the House, are they going to get criticized because they're 597 00:33:55,840 --> 00:33:57,840 Speaker 1: not doing Is that the kind of process we're going 598 00:33:57,920 --> 00:34:00,040 Speaker 1: to be in from cycle to cycle? That's what worries me. 599 00:34:00,120 --> 00:34:03,720 Speaker 1: I think oversight all for it, but the idea that 600 00:34:03,840 --> 00:34:06,120 Speaker 1: we just go from one investigation to the next. And 601 00:34:06,240 --> 00:34:09,480 Speaker 1: Ron Johnson, who I know, uh, you know, if you 602 00:34:09,600 --> 00:34:12,800 Speaker 1: listen carefully, how he says, I love it. It's classic 603 00:34:12,920 --> 00:34:15,040 Speaker 1: DC and that is, Oh, I'm not gonna say he's 604 00:34:15,080 --> 00:34:18,680 Speaker 1: done anything illegal, but you know you should look at 605 00:34:18,680 --> 00:34:21,520 Speaker 1: it looks a little sleazy to me, Well, you're one 606 00:34:21,560 --> 00:34:24,080 Speaker 1: of a hundred people United States that A is in charge, 607 00:34:24,280 --> 00:34:26,640 Speaker 1: you know, the Senate. When you say things like that, 608 00:34:27,480 --> 00:34:30,920 Speaker 1: you're already making the case before anything has been laid out. 609 00:34:31,000 --> 00:34:34,080 Speaker 1: So it's a little you know, challenging when people do that. 610 00:34:34,200 --> 00:34:36,560 Speaker 1: But I would just say that you bet people should 611 00:34:36,560 --> 00:34:38,799 Speaker 1: be having oversight. But I think it's you know, look 612 00:34:38,880 --> 00:34:42,760 Speaker 1: at the current administration and their coziness to Russia already. 613 00:34:42,840 --> 00:34:44,960 Speaker 1: So I think there's gonna be a whole revamping of 614 00:34:45,000 --> 00:34:49,719 Speaker 1: how we look at Russia, and I hope Congress does that. Well. 615 00:34:49,760 --> 00:34:52,040 Speaker 1: I just think that dynamics are going to change, Kevin, 616 00:34:52,160 --> 00:34:56,560 Speaker 1: once we realize a winner here in the election. Certainly 617 00:34:57,080 --> 00:34:59,919 Speaker 1: there is going to be things to fight over. Paul. 618 00:35:00,000 --> 00:35:03,320 Speaker 1: Plitics will continue, we know that, right, But I do 619 00:35:03,520 --> 00:35:06,839 Speaker 1: think that the dynamics are going to change dramatically, um, 620 00:35:07,040 --> 00:35:10,279 Speaker 1: once we're out of this uncertainty of whether we're going 621 00:35:10,320 --> 00:35:12,480 Speaker 1: to have Joe Biden as president or we're gonna have 622 00:35:12,560 --> 00:35:16,520 Speaker 1: Trump again. Um. You know, clearly Biden has a forty 623 00:35:16,560 --> 00:35:22,879 Speaker 1: seven year career record of handling foreign affairs issues, right. So, um, 624 00:35:23,360 --> 00:35:25,800 Speaker 1: the reason he was picked, I remind you, and I 625 00:35:25,880 --> 00:35:29,120 Speaker 1: know Mark knows this center knows this. Um, the reason 626 00:35:29,320 --> 00:35:32,720 Speaker 1: Joe Biden was picked to be President Obama's vice president 627 00:35:32,880 --> 00:35:36,600 Speaker 1: was because he had that steady hand on foreign affairs, right. 628 00:35:36,960 --> 00:35:40,440 Speaker 1: He had that expertise in that experience that Obama did 629 00:35:40,520 --> 00:35:44,400 Speaker 1: not have and was really raised into question in his 630 00:35:44,560 --> 00:35:48,480 Speaker 1: matchup against John McCain. So, um, you know the reality 631 00:35:48,680 --> 00:35:52,520 Speaker 1: is Biden is this is in his wheelhouse. Um, even 632 00:35:52,800 --> 00:35:55,960 Speaker 1: if Joe Biden is older and less sharp than he 633 00:35:56,200 --> 00:35:59,320 Speaker 1: was at one time in his career, it's certainly in 634 00:35:59,480 --> 00:36:01,479 Speaker 1: his wheel house. And I know a lot of people 635 00:36:01,520 --> 00:36:03,759 Speaker 1: trust him, and a lot of his former colleagues, both 636 00:36:03,800 --> 00:36:06,960 Speaker 1: Republicans and Democrats, are going to come to that conclusion, 637 00:36:07,040 --> 00:36:10,640 Speaker 1: probably two more than some of the activists might. All Right, 638 00:36:10,680 --> 00:36:12,920 Speaker 1: Panel stays Coming up next, We check in with a. 639 00:36:13,200 --> 00:36:16,319 Speaker 1: We check in live up on on on Capitol Hill 640 00:36:16,320 --> 00:36:19,400 Speaker 1: with Congressman Dwight Evans. He's a Pennsylvania Democrat representing the 641 00:36:19,440 --> 00:36:22,799 Speaker 1: third Congressional District of p A. Download the Bloomberg Sound 642 00:36:22,800 --> 00:36:24,800 Speaker 1: on podcasts on APPLEI Chains and Bloomberg dot com, or 643 00:36:24,840 --> 00:36:27,879 Speaker 1: by downloading the Bloomberg Business App. You can also find 644 00:36:27,920 --> 00:36:31,080 Speaker 1: me on Radio dot Com, I Heart Radio, and Spotify. 645 00:36:32,600 --> 00:36:35,480 Speaker 1: My name is Kevin Surreally. I'm the Chief Washington correspondent, 646 00:36:35,480 --> 00:36:40,120 Speaker 1: FRO Bloomberg TV and Radio. Sixteen point eight million people. 647 00:36:41,040 --> 00:36:43,800 Speaker 1: Sixteen point eight million people tuned in not just no, 648 00:36:44,080 --> 00:36:48,480 Speaker 1: not to see the Philadelphia Eagles defeat you know, New 649 00:36:48,560 --> 00:36:51,400 Speaker 1: York last Thursday, but to watch sixty minutes last night, 650 00:36:52,239 --> 00:36:55,360 Speaker 1: the last time they had ratings that big Stormy Daniels. 651 00:36:55,560 --> 00:37:25,359 Speaker 1: You're listening to Bloomberg m jevins, really sheep Washington correspondent 652 00:37:25,480 --> 00:37:29,880 Speaker 1: for Bloomberg Television and for Bloomberg Radio. We are waiting 653 00:37:30,000 --> 00:37:32,600 Speaker 1: for Congressman Dwight Evans to call in. He was a 654 00:37:33,080 --> 00:37:37,960 Speaker 1: Pennsylvania Democrat representing the third Congressional District of p A 655 00:37:38,719 --> 00:37:45,120 Speaker 1: razor thin, razor thin margin in the battleground state of Pennsylvania, 656 00:37:45,920 --> 00:37:50,719 Speaker 1: Pennsylvania razor than margin. And the President was there today campaigning. 657 00:37:51,400 --> 00:37:54,279 Speaker 1: Uh through Allentown. Allentown, PA. If you never been there, 658 00:37:55,040 --> 00:38:00,319 Speaker 1: it's a working class community and uh, it's the kind 659 00:38:00,400 --> 00:38:05,360 Speaker 1: of town that if Donald Trump has a prayer to 660 00:38:05,520 --> 00:38:08,560 Speaker 1: win it again, he's got to win Allentown. He's got 661 00:38:08,640 --> 00:38:13,720 Speaker 1: to overperform in the collar counties, the coller counties outside 662 00:38:13,760 --> 00:38:17,760 Speaker 1: of Philadelphia, and he's got to overperform in the western 663 00:38:17,880 --> 00:38:20,520 Speaker 1: part of the state. I we got him online, Congressman 664 00:38:20,560 --> 00:38:25,760 Speaker 1: Dwight Evans of North Philly West Philly Congressional third District 665 00:38:25,800 --> 00:38:28,360 Speaker 1: of p A. You missed the intro, so on Congressman, 666 00:38:28,400 --> 00:38:34,880 Speaker 1: I played Billy Joels Allentown. I can't complain. I can't complain. 667 00:38:35,200 --> 00:38:37,319 Speaker 1: So all right, what do you think. I mean, it's 668 00:38:37,320 --> 00:38:39,480 Speaker 1: about aground state. Does President Trump have a shot to 669 00:38:39,560 --> 00:38:43,239 Speaker 1: win this or is this Biden country? Uh? Put it 670 00:38:43,360 --> 00:38:46,520 Speaker 1: this way. Think of the Philippi Eagles playing against the 671 00:38:46,560 --> 00:38:53,279 Speaker 1: New York Giants. Okay, who's Boston Scott. Who's Boston Scott? Congressman, 672 00:38:53,880 --> 00:39:01,239 Speaker 1: we'll see that key. President Biden causton it, and he 673 00:39:01,400 --> 00:39:05,279 Speaker 1: doesn't quit. He doesn't quit on the people. That's the thing. 674 00:39:05,400 --> 00:39:09,960 Speaker 1: You gotta understand the significant of the fact that the 675 00:39:10,080 --> 00:39:14,440 Speaker 1: vice president is committed to the aspect of addressing this virus. 676 00:39:17,000 --> 00:39:19,479 Speaker 1: You know you gotta do that. Well, Congresson, I'm gonna 677 00:39:19,480 --> 00:39:22,359 Speaker 1: I'm gonna stay with the Philadelphia Eagles analogy, and I'm 678 00:39:22,360 --> 00:39:24,920 Speaker 1: gonna do it with the Bloomberg tone. But is he 679 00:39:24,960 --> 00:39:28,160 Speaker 1: gonna be a Carson Wentz which is not dependable? I 680 00:39:28,280 --> 00:39:31,480 Speaker 1: can't close the deal? You know, is very hit or 681 00:39:31,560 --> 00:39:37,480 Speaker 1: miss or miss? Is Joe Biden the Democratic Party? I 682 00:39:37,600 --> 00:39:39,440 Speaker 1: tell you got I know you got a little bit 683 00:39:39,440 --> 00:39:42,439 Speaker 1: and you know pill up. He's like a no quit 684 00:39:42,920 --> 00:39:45,920 Speaker 1: in Pennsylvania is the no quit state. We don't give 685 00:39:46,000 --> 00:39:50,600 Speaker 1: up and fill up in Pennsylvania from Dolko. Well, that's 686 00:39:50,640 --> 00:39:53,600 Speaker 1: why I mean, just like with the Eagles won the 687 00:39:53,680 --> 00:40:01,640 Speaker 1: Super Bowls, I cried, understand. Understand is understand the Vice 688 00:40:01,680 --> 00:40:08,239 Speaker 1: president bite right from Pennsylvania. Understand Pennsylvania. He's pribing for 689 00:40:08,360 --> 00:40:13,239 Speaker 1: the people of Pennsylvania. Understand the significant of addressing this 690 00:40:13,560 --> 00:40:16,919 Speaker 1: dreadful virus and what this virus is doing to help, 691 00:40:17,280 --> 00:40:20,439 Speaker 1: what it's doing to our economy. He's showing that kind 692 00:40:20,480 --> 00:40:24,880 Speaker 1: of leadership. He's listening to the sign and the doctors 693 00:40:25,480 --> 00:40:29,600 Speaker 1: following that message. Okay, what about fracking? Doctor? What about fracking? 694 00:40:29,600 --> 00:40:31,440 Speaker 1: Because I've got a lot of questions. You know, I 695 00:40:31,719 --> 00:40:33,960 Speaker 1: got a sister who works in a refinery, and I 696 00:40:34,080 --> 00:40:36,800 Speaker 1: got a lot of questions. I do not understand, Congressman. 697 00:40:36,840 --> 00:40:39,480 Speaker 1: I mean this truthfully. I'm being authentic here. I do 698 00:40:39,640 --> 00:40:43,920 Speaker 1: not understand Joe Biden's policy on fracking. I don't get it. 699 00:40:44,280 --> 00:40:46,960 Speaker 1: I was in Nashville. I replayed the tape all the 700 00:40:47,040 --> 00:40:49,400 Speaker 1: weekend trying to understand what am I missing? What am 701 00:40:49,440 --> 00:40:52,440 Speaker 1: I missing? Explain this to me, I do not understand. 702 00:40:53,480 --> 00:40:56,560 Speaker 1: I don't think you're missing anything. And listening to him 703 00:40:56,600 --> 00:41:02,200 Speaker 1: very clearly he's not for banning fracking. What he basically 704 00:41:02,360 --> 00:41:05,920 Speaker 1: stated was the policy investments that I sit on the 705 00:41:05,960 --> 00:41:10,319 Speaker 1: ways the means committed relating to the oral subsidies. That's 706 00:41:10,360 --> 00:41:12,880 Speaker 1: basically what we're talking about. And he talked about in 707 00:41:13,160 --> 00:41:16,800 Speaker 1: terms of building a better economy. The reality of he 708 00:41:16,960 --> 00:41:21,319 Speaker 1: recognized that's not gonna happen overnight. Okay, So no, he's 709 00:41:21,360 --> 00:41:25,319 Speaker 1: not against Frankie. He recognizes the impact that it has 710 00:41:25,480 --> 00:41:28,640 Speaker 1: upon the common Pennsylvania. I was in the state legislation 711 00:41:28,680 --> 00:41:32,480 Speaker 1: for thirty six years. I also understand what that means 712 00:41:32,520 --> 00:41:35,600 Speaker 1: to the people. I understand in terms of Western Pennsylvania's 713 00:41:35,920 --> 00:41:40,560 Speaker 1: Beaver County, I understand that. So does Vice President Biden. 714 00:41:40,960 --> 00:41:43,560 Speaker 1: He understands that. You know, you're not talking to somebody 715 00:41:43,800 --> 00:41:46,920 Speaker 1: who is new. You're talking to somebody he knows and 716 00:41:47,160 --> 00:41:50,920 Speaker 1: understands this state, and that's why this state is with him. 717 00:41:50,920 --> 00:41:54,440 Speaker 1: But he's not taking it for granted. In Chester County 718 00:41:54,560 --> 00:41:57,280 Speaker 1: day don't again. You know one thing about Vice President body, 719 00:41:57,600 --> 00:42:00,880 Speaker 1: he's not a quitter. He understands he's fighting for the 720 00:42:01,280 --> 00:42:05,880 Speaker 1: people of America. He understands the significancy, understand the importance 721 00:42:05,920 --> 00:42:11,680 Speaker 1: of his leadership. That can we're talking to Philadelphia's Congressman 722 00:42:11,760 --> 00:42:18,200 Speaker 1: Dwight evans Uh. He of course represents Pennsylvania's third congressional district. 723 00:42:18,360 --> 00:42:21,000 Speaker 1: I mean it was, it was really fascinating to me 724 00:42:21,239 --> 00:42:22,960 Speaker 1: just you know, growing up where I did, just to 725 00:42:23,120 --> 00:42:26,399 Speaker 1: hear Marcus Hook mentioned in that debate. And I'm still 726 00:42:26,480 --> 00:42:29,359 Speaker 1: thinking about it because now we're hearing that Joe Biden 727 00:42:29,440 --> 00:42:31,880 Speaker 1: is going to be in Chester, the city of Chester, 728 00:42:32,719 --> 00:42:38,239 Speaker 1: uh with in the coming days and that community uh 729 00:42:38,719 --> 00:42:45,120 Speaker 1: A a fascinating, fascinating underserved community. I think that's a 730 00:42:45,160 --> 00:42:47,719 Speaker 1: good way to describe it. So much rich culture and 731 00:42:47,840 --> 00:42:50,719 Speaker 1: and and and history in the city of Chester, and 732 00:42:50,920 --> 00:42:54,320 Speaker 1: just how it's largely been forgotten. Uh in terms of 733 00:42:54,320 --> 00:42:58,640 Speaker 1: Pennsylvania's economy. What does it mean to have them visiting Chester? 734 00:42:58,880 --> 00:43:02,960 Speaker 1: Congressman Well, I think that's a perfect example. You know, 735 00:43:03,719 --> 00:43:07,200 Speaker 1: the Vice president wants to put the spikes of spotlight 736 00:43:07,320 --> 00:43:11,200 Speaker 1: on Chester, and the reality of it is, uh, this 737 00:43:11,360 --> 00:43:14,359 Speaker 1: administration hasn't done that kind that he's trying to bring 738 00:43:14,719 --> 00:43:17,640 Speaker 1: the attention. I know the city of Chester extremely well. 739 00:43:17,680 --> 00:43:20,600 Speaker 1: Another mayor of the City of Chester. I know the 740 00:43:20,760 --> 00:43:23,759 Speaker 1: challenges that they have there. But you're not going to 741 00:43:23,840 --> 00:43:27,160 Speaker 1: address those challenges if you don't address it together. You 742 00:43:27,320 --> 00:43:30,560 Speaker 1: bring people together. You know, the Vice President is demonstrating 743 00:43:30,920 --> 00:43:34,280 Speaker 1: with his leadership style, which is very important, is something 744 00:43:34,360 --> 00:43:37,719 Speaker 1: that we should not take lightly. The country should recognize 745 00:43:37,800 --> 00:43:40,759 Speaker 1: we have to bring people together. It is important that 746 00:43:40,840 --> 00:43:44,120 Speaker 1: we bring people together and all the addressed his virus. 747 00:43:44,640 --> 00:43:47,600 Speaker 1: We can't ignore this. You know, he's willing to the 748 00:43:47,719 --> 00:43:51,160 Speaker 1: vice president is willing to take the responsibility. He's shown 749 00:43:51,280 --> 00:43:54,800 Speaker 1: that and that's why he That's why he's in chestered today. 750 00:43:55,600 --> 00:44:00,520 Speaker 1: He understands what it takes to make that happen. Is 751 00:44:00,560 --> 00:44:04,919 Speaker 1: he going to be a socialist or a centrist? He's 752 00:44:04,960 --> 00:44:08,920 Speaker 1: going to be an American president. I gotta it's a dodge. 753 00:44:09,280 --> 00:44:11,279 Speaker 1: It's a dodge. Listen, I call it like I see 754 00:44:11,280 --> 00:44:16,839 Speaker 1: a congressman. He's gonna be American president. Well, yeah, because 755 00:44:16,880 --> 00:44:19,120 Speaker 1: he's because he's American. I mean, because he's because he's 756 00:44:19,200 --> 00:44:22,000 Speaker 1: running from America, the presidents of America. Is he gonna 757 00:44:22,000 --> 00:44:25,240 Speaker 1: be a socialist American president or a centrist American president. 758 00:44:25,320 --> 00:44:30,480 Speaker 1: He's going to be American. You know your Carson Carson 759 00:44:30,560 --> 00:44:36,319 Speaker 1: wentz me congressman. He's running as the Democratic nominees. Proud 760 00:44:36,360 --> 00:44:38,840 Speaker 1: of that. But even those who are not going to 761 00:44:38,880 --> 00:44:41,080 Speaker 1: be for him, the fact of the matter, he's going 762 00:44:41,120 --> 00:44:43,120 Speaker 1: to be an American president. But I want to I 763 00:44:43,200 --> 00:44:45,880 Speaker 1: want a hammerhone. I don't. I want a hammerhone on 764 00:44:46,000 --> 00:44:49,320 Speaker 1: this because it's fascinating to watch the names that have 765 00:44:49,520 --> 00:44:54,440 Speaker 1: endorsed Joe Biden, whether it be John Kasik or Alexandria 766 00:44:54,480 --> 00:44:57,160 Speaker 1: Acascio quartet, but the and and in one sense, I 767 00:44:57,280 --> 00:44:59,920 Speaker 1: hear you, Congressman, it's an asset. But in the an 768 00:45:00,000 --> 00:45:03,600 Speaker 1: another sense, it's confusing. And I don't mean it from 769 00:45:03,640 --> 00:45:08,600 Speaker 1: a zeitgeist political, you know, gossip Beltway clickbait perspective. I 770 00:45:08,680 --> 00:45:11,760 Speaker 1: mean it's confusing to a voter to try to figure 771 00:45:11,760 --> 00:45:15,840 Speaker 1: out what it means for their family navigating through the economy. 772 00:45:15,960 --> 00:45:18,000 Speaker 1: What do you say to that voter, regardless of who 773 00:45:18,040 --> 00:45:21,719 Speaker 1: they're voting for, But who's confused in terms of how 774 00:45:22,239 --> 00:45:25,200 Speaker 1: he's going to govern and more and and also who's 775 00:45:25,200 --> 00:45:29,520 Speaker 1: going to be surrounding him on these economic issues. That's real, Congressman, 776 00:45:29,600 --> 00:45:34,000 Speaker 1: that's not a gotcha. That's real. Governor Governor Tom Ridge, 777 00:45:34,080 --> 00:45:39,239 Speaker 1: who is a Republican, who's the first Secretary of Homeland Security, 778 00:45:40,280 --> 00:45:45,520 Speaker 1: endorsed Joe Biden. I knew Governor Ridge and Governor Ridge 779 00:45:45,840 --> 00:45:51,920 Speaker 1: endorsed Joe Biden. He's a Republican. Understand the significance of that. 780 00:45:52,640 --> 00:45:57,560 Speaker 1: He's one of the most popular governors in the States history. 781 00:45:58,239 --> 00:46:01,080 Speaker 1: So I share with you that that doesn't happen like 782 00:46:01,360 --> 00:46:05,759 Speaker 1: I can talk about Charlie did ye Jim Girl, it 783 00:46:05,920 --> 00:46:10,759 Speaker 1: was all Republics in that Democrats didn't exlaiming Democrats. The 784 00:46:10,880 --> 00:46:15,200 Speaker 1: fact of the mad is they are true, committed to 785 00:46:15,320 --> 00:46:18,000 Speaker 1: this country and committed to this state. Congressman, here's that. 786 00:46:18,080 --> 00:46:19,400 Speaker 1: I got it before I let you go. I got 787 00:46:19,480 --> 00:46:22,000 Speaker 1: like thirty seconds. But I'm going to be asleep this 788 00:46:22,160 --> 00:46:25,520 Speaker 1: weekend for the Dallas Cowboys game. We got the Cowboys. 789 00:46:25,560 --> 00:46:27,840 Speaker 1: It's a it's a late game Sunday night football, but 790 00:46:27,920 --> 00:46:29,760 Speaker 1: I gotta get my sleep in and I'm just announcing 791 00:46:29,760 --> 00:46:31,440 Speaker 1: it for whoever is listening. I will be getting my 792 00:46:31,480 --> 00:46:35,520 Speaker 1: rest this weekend to prep for election day. Um, but Congressman, 793 00:46:35,760 --> 00:46:37,560 Speaker 1: we'll get some Tony Lukes when I'm back in Philly. 794 00:46:37,920 --> 00:46:40,520 Speaker 1: Be safe, be well. I'm Kevin's really much more with 795 00:46:40,600 --> 00:46:54,200 Speaker 1: the panel. You're listening to Bloomberg. You're listening to Bloomberg. 796 00:46:54,320 --> 00:46:58,360 Speaker 1: Sound On with Kevins Relate on Bloomberg and one oh 797 00:46:58,480 --> 00:47:02,280 Speaker 1: five point seven f m HD too. I'm Kevin Cireli, 798 00:47:02,400 --> 00:47:05,480 Speaker 1: Chief Washington correspondent from Bloomberg Television and from Bloomberg Radio. 799 00:47:05,560 --> 00:47:09,440 Speaker 1: Judge Amy Coney Barrett expected tonight to be confirmed to 800 00:47:09,560 --> 00:47:15,600 Speaker 1: the U. S Supreme Court, cementing President Trump's third third 801 00:47:16,840 --> 00:47:20,759 Speaker 1: third pick. I said it, three times, third pick to 802 00:47:20,920 --> 00:47:27,080 Speaker 1: the US Supreme Court. Wow, remarkable, remarkable. Joining us. Now 803 00:47:27,200 --> 00:47:28,960 Speaker 1: for my favorite part of the program. They know it. 804 00:47:29,200 --> 00:47:32,680 Speaker 1: You know it if you listen. It's called What's on 805 00:47:32,800 --> 00:47:35,160 Speaker 1: your Radar? What is on the panel's radar? Frank Maisano, 806 00:47:35,239 --> 00:47:38,719 Speaker 1: partner at breaks Wells Policy Resolution Group, and uh the 807 00:47:39,520 --> 00:47:42,720 Speaker 1: former press secretary to several Republican lawmakers and former Alaska 808 00:47:42,760 --> 00:47:48,560 Speaker 1: Senator Mark Beget Democrats strategic consulting advisor at Brownstein Hiatt 809 00:47:48,560 --> 00:47:52,200 Speaker 1: Farmer and Shrek. All right, give me something smart, give 810 00:47:52,239 --> 00:47:56,680 Speaker 1: me something wonky, give me something political. Let's make it good. Frank, 811 00:47:56,760 --> 00:47:59,560 Speaker 1: what's on your radar? Well? I already got into this 812 00:47:59,680 --> 00:48:02,239 Speaker 1: a little bit, but I've been talking to reporters NonStop 813 00:48:02,280 --> 00:48:05,279 Speaker 1: about this, and it's where it's As I said, where 814 00:48:05,520 --> 00:48:08,839 Speaker 1: does the Democratic Party land if Joe Biden wins this race? 815 00:48:09,000 --> 00:48:14,120 Speaker 1: Right now? That's a million dollar questions and the constant battle. Uh, 816 00:48:14,280 --> 00:48:16,400 Speaker 1: and it's gonna be not you know, obviously it affects 817 00:48:16,480 --> 00:48:19,560 Speaker 1: us in the energy and environmental space dramatically. Climate change 818 00:48:19,640 --> 00:48:21,480 Speaker 1: is a very important issue. It's certainly going to be 819 00:48:21,520 --> 00:48:24,560 Speaker 1: a priority for Democrats, whether they're in control of the 820 00:48:24,600 --> 00:48:27,279 Speaker 1: House or not. It's got political risks, though, And I 821 00:48:27,640 --> 00:48:30,479 Speaker 1: don't care what anybody says, right, I mean, I'm hearing 822 00:48:30,520 --> 00:48:32,680 Speaker 1: all the same things I heard back in two thousand 823 00:48:32,680 --> 00:48:34,799 Speaker 1: and eight. This is something we have to do, blah 824 00:48:34,880 --> 00:48:37,080 Speaker 1: blah blah blah, and they paid a political price for 825 00:48:37,200 --> 00:48:40,000 Speaker 1: doing it right. And um, you know, I know where 826 00:48:40,080 --> 00:48:44,239 Speaker 1: ten years removed from that, But I still think that that, 827 00:48:44,600 --> 00:48:46,520 Speaker 1: you know, if they don't do it correctly, if they 828 00:48:46,600 --> 00:48:50,200 Speaker 1: don't listen to moderate, that they don't take a comprehensive 829 00:48:50,239 --> 00:48:53,560 Speaker 1: approach that can be worked on by both sides in 830 00:48:53,640 --> 00:48:57,399 Speaker 1: both parties, Um, that that they're gonna they're gonna rue 831 00:48:57,440 --> 00:49:01,160 Speaker 1: the day and maybe two years of of of of 832 00:49:01,360 --> 00:49:03,799 Speaker 1: rule and and being and being thrown out of office again. 833 00:49:03,920 --> 00:49:07,920 Speaker 1: So that's what I'm watching very closely, besides watching the 834 00:49:08,000 --> 00:49:11,359 Speaker 1: Dodgers and the Pampa Bay Devil Rays. What a great 835 00:49:11,520 --> 00:49:14,000 Speaker 1: series it's been, and I continue to watch that, so 836 00:49:14,960 --> 00:49:17,840 Speaker 1: I look forward to tomorrow night's game. So no, I 837 00:49:17,960 --> 00:49:19,560 Speaker 1: get it. I mean, here I am, you know, doing 838 00:49:19,640 --> 00:49:23,000 Speaker 1: my prep, you know for the next week on our 839 00:49:23,200 --> 00:49:25,600 Speaker 1: election night coverage. And you know, we just study, study, study, 840 00:49:25,640 --> 00:49:27,440 Speaker 1: I'll take you behind the scenes all throughout the next 841 00:49:27,480 --> 00:49:30,880 Speaker 1: week for our special coverage. And and I'm looking at 842 00:49:30,920 --> 00:49:32,480 Speaker 1: the schedule and I go, what time kick off this 843 00:49:32,560 --> 00:49:36,640 Speaker 1: weekend for the Cowboys? And I thought this is another test. 844 00:49:37,080 --> 00:49:39,239 Speaker 1: Last week they've got a Thursday night game on during 845 00:49:39,320 --> 00:49:44,200 Speaker 1: the debate, and then this Sunday they've got the the 846 00:49:44,520 --> 00:49:46,640 Speaker 1: Sunday night football game against the Cowboys. But I gotta 847 00:49:46,680 --> 00:49:49,400 Speaker 1: get my sleep, Frank, I mean, I gotta sleep. And 848 00:49:49,480 --> 00:49:52,480 Speaker 1: I'm saying it out loud to remind myself to hold 849 00:49:52,520 --> 00:49:56,279 Speaker 1: myself accountable. What do we do? We say things into existence, right, 850 00:49:56,360 --> 00:50:00,239 Speaker 1: we manifest on this show, Frank, And I got a leap. 851 00:50:00,400 --> 00:50:03,400 Speaker 1: We may not know who is going to be the winner. 852 00:50:03,480 --> 00:50:07,520 Speaker 1: So the CNN panel of twenty analysts that sits there, 853 00:50:07,600 --> 00:50:09,680 Speaker 1: don't get me in trouble, Frank, Frank, I don't want 854 00:50:09,680 --> 00:50:12,239 Speaker 1: to get in trouble. Shirley's back in the studio, and 855 00:50:12,360 --> 00:50:14,839 Speaker 1: I've got Barata on the face chat. She's biting her nail. 856 00:50:14,920 --> 00:50:17,320 Speaker 1: She's said, so really, walk it back, don't pull the 857 00:50:17,360 --> 00:50:19,800 Speaker 1: philidelco don't get me in trouble. We may not we 858 00:50:19,920 --> 00:50:22,279 Speaker 1: may not know who the winner is for a couple 859 00:50:22,320 --> 00:50:24,600 Speaker 1: of days, and you know that will only mean that 860 00:50:24,640 --> 00:50:27,239 Speaker 1: we're gonna have to be patient. So well, patient is 861 00:50:27,320 --> 00:50:30,000 Speaker 1: something that I don't have. Well, I've gotten Barata. I 862 00:50:30,040 --> 00:50:32,520 Speaker 1: wonder if Barata things have gotten more patient as today's 863 00:50:32,560 --> 00:50:36,680 Speaker 1: my fifth year anniversary with Bloomberg. Five years. Barata goes 864 00:50:36,920 --> 00:50:40,560 Speaker 1: uh in the group and she's she she goes, maybe 865 00:50:40,640 --> 00:50:42,600 Speaker 1: he's a little more patient. Five years have been a 866 00:50:42,640 --> 00:50:46,000 Speaker 1: Bloomberg Mark Beggage, longest relationship I've ever been in. How 867 00:50:46,120 --> 00:50:50,120 Speaker 1: is the wife's anniversary? Friend? Yeah, that's I gotta ask 868 00:50:50,320 --> 00:50:56,080 Speaker 1: is that good or bad? I don't know? Years it's great. 869 00:50:56,120 --> 00:50:58,640 Speaker 1: I have nothing to gratitude. I want to be christal clear. 870 00:50:58,680 --> 00:51:02,560 Speaker 1: I'm so grateful. It's been an I'm so grateful. Go ahead, Yeah, 871 00:51:02,600 --> 00:51:05,080 Speaker 1: they're they're the guys upstairs are tuning in and hearing 872 00:51:05,160 --> 00:51:07,200 Speaker 1: that now that you're grateful, So they take that little 873 00:51:07,239 --> 00:51:09,319 Speaker 1: pink slip for the side for now. So that's good. 874 00:51:10,080 --> 00:51:14,120 Speaker 1: I'm glad. Time I'm not a funny joke, Mark, not 875 00:51:14,320 --> 00:51:19,080 Speaker 1: a funny joke. Congratulations you're there. You bring the real 876 00:51:19,200 --> 00:51:23,440 Speaker 1: news and you're not biased things. What's on your rate? 877 00:51:23,520 --> 00:51:25,319 Speaker 1: What did you have a good? Wait? First of all, 878 00:51:25,400 --> 00:51:26,839 Speaker 1: last time you were on, you were telling me about 879 00:51:26,880 --> 00:51:29,560 Speaker 1: the anniversary. Was it a good anniversary? It was a 880 00:51:29,600 --> 00:51:31,680 Speaker 1: good anniverse. I wish, you know, we were going to 881 00:51:31,800 --> 00:51:34,680 Speaker 1: go somewhere obviously overseas, but couldn't obviously do that, so 882 00:51:34,800 --> 00:51:38,440 Speaker 1: it was great. We went in our favorite restaurant and uh, 883 00:51:38,880 --> 00:51:41,400 Speaker 1: you know, did the social distance and I think we 884 00:51:41,480 --> 00:51:44,920 Speaker 1: were like half the tables only feel So it was great. 885 00:51:45,120 --> 00:51:48,960 Speaker 1: It gotta watch you gotta watch Adele on Saturday Night 886 00:51:49,040 --> 00:51:51,719 Speaker 1: Live over the weekend, they did the skit where they 887 00:51:51,760 --> 00:51:54,120 Speaker 1: go into a psychic and the guy goes and the 888 00:51:54,239 --> 00:51:56,600 Speaker 1: psychic goes, oh, what did you know? No one's going 889 00:51:56,680 --> 00:51:58,040 Speaker 1: to talk to you next year? And he goes, why 890 00:51:58,080 --> 00:52:01,799 Speaker 1: what did I do? And he goes, y, rest Hey, 891 00:52:01,920 --> 00:52:04,360 Speaker 1: that's one thing I'm watching too. That's one thing I'm watching. 892 00:52:04,400 --> 00:52:07,680 Speaker 1: To keV. Whether it's actually Maya Rudolph who is the 893 00:52:07,800 --> 00:52:12,120 Speaker 1: vice president, I think she does Kamala Harris better than 894 00:52:12,200 --> 00:52:18,640 Speaker 1: Kamala Harris does Kamala Harris right now? And I got 895 00:52:18,800 --> 00:52:21,400 Speaker 1: three QUICKI first off, always, you know, I got to 896 00:52:21,480 --> 00:52:24,280 Speaker 1: mention my son. He's getting good great, So that's always 897 00:52:24,320 --> 00:52:27,560 Speaker 1: got my buying because our investment into his college is 898 00:52:27,640 --> 00:52:31,520 Speaker 1: paying off for the freshman year, so we'll see how 899 00:52:31,640 --> 00:52:35,680 Speaker 1: that goes. But also it I got my snow tires 900 00:52:35,800 --> 00:52:39,320 Speaker 1: on two weeks early and it just snow today an anchor, 901 00:52:39,440 --> 00:52:42,160 Speaker 1: So I'm ahead of the game for the first years. 902 00:52:43,160 --> 00:52:47,800 Speaker 1: But I want to say that what's gonna happen. I 903 00:52:48,040 --> 00:52:50,279 Speaker 1: think the I want to send it to turn blue 904 00:52:50,320 --> 00:52:53,040 Speaker 1: because that's going to be the moderating factor that's going 905 00:52:53,080 --> 00:52:57,919 Speaker 1: to help the Biden administrations stay in that center zone 906 00:52:57,960 --> 00:53:00,040 Speaker 1: that they need to be in, unlike the converse. And 907 00:53:00,080 --> 00:53:02,520 Speaker 1: I'll tell you I think he's a centrist and that's 908 00:53:02,560 --> 00:53:05,440 Speaker 1: where he needs to stay because that's where America is overall. 909 00:53:05,920 --> 00:53:09,120 Speaker 1: But here's what's been really on my mind since the debate, 910 00:53:09,440 --> 00:53:13,320 Speaker 1: and it dawned on me. You know, when Biden asked 911 00:53:13,360 --> 00:53:16,040 Speaker 1: the question about the tax returns, and always the answer 912 00:53:16,280 --> 00:53:19,360 Speaker 1: is I can't give them because they're under auded. Well, actually, 913 00:53:19,760 --> 00:53:22,120 Speaker 1: no one ever asked the real question, that is, Okay, 914 00:53:22,200 --> 00:53:24,680 Speaker 1: let's give up your last three years or even your 915 00:53:24,760 --> 00:53:27,880 Speaker 1: last seven years. Why not the fifteen years before that? 916 00:53:27,880 --> 00:53:31,000 Speaker 1: Because those are not under audit because the I R 917 00:53:31,120 --> 00:53:33,359 Speaker 1: S rules don't allow you to go that far back. 918 00:53:33,800 --> 00:53:38,760 Speaker 1: So those are clean tax reports ready to be released. 919 00:53:38,960 --> 00:53:41,840 Speaker 1: No one's ever asked that question. You don't how to 920 00:53:42,080 --> 00:53:44,799 Speaker 1: for all twenty two years? He only ought to did 921 00:53:44,920 --> 00:53:48,439 Speaker 1: for the last few and maybe Trump maybe more than three. 922 00:53:48,560 --> 00:53:51,560 Speaker 1: But that's what's on my mind. Why doesn't he just 923 00:53:52,040 --> 00:53:54,600 Speaker 1: get the ones that he's not audited on. Yeah, it's 924 00:53:54,600 --> 00:53:57,960 Speaker 1: going to be interesting with and I don't like to 925 00:53:57,960 --> 00:54:01,200 Speaker 1: send you hypotheticals, but stally a week off from the election, 926 00:54:01,280 --> 00:54:03,759 Speaker 1: but there is so much to sort through in terms 927 00:54:03,800 --> 00:54:05,879 Speaker 1: of the soul searching that both of the parties will 928 00:54:05,920 --> 00:54:09,120 Speaker 1: have to do whomever loses, and it will be remarkable. 929 00:54:09,200 --> 00:54:11,480 Speaker 1: But even if the Democrats win the White House and 930 00:54:11,680 --> 00:54:13,560 Speaker 1: have a blue wave, the soul searching is going to 931 00:54:13,640 --> 00:54:16,000 Speaker 1: be in real time. To both of your points will 932 00:54:16,000 --> 00:54:18,520 Speaker 1: be in real time. Uh. In terms of the policy 933 00:54:18,560 --> 00:54:22,280 Speaker 1: that gets enacted across the board, here's it's on my radar. 934 00:54:22,400 --> 00:54:26,800 Speaker 1: China US China relations. China will impose unspecified sanctions on 935 00:54:26,960 --> 00:54:32,080 Speaker 1: Boeing Co's defense UH unit, Lockheed Martin and raytheon technologies 936 00:54:32,120 --> 00:54:34,480 Speaker 1: after the U s State Department approved one point eight 937 00:54:34,640 --> 00:54:38,480 Speaker 1: billion dollars in arms sales to Taiwan last week. The 938 00:54:38,560 --> 00:54:42,120 Speaker 1: sanctions will be imposed in order to uphold national interests, 939 00:54:42,440 --> 00:54:47,040 Speaker 1: Chinese Foreign Ministry spokesman Salad John told reporters Monday in Beijing. 940 00:54:47,160 --> 00:54:50,560 Speaker 1: The action follows the State Department's approval last week of 941 00:54:50,600 --> 00:54:53,640 Speaker 1: one point eight billion dollars in sales of new weapons 942 00:54:53,719 --> 00:54:56,440 Speaker 1: for Taiwan and submission of the package to Congress for 943 00:54:56,520 --> 00:54:59,840 Speaker 1: a final review, where it is likely going to be approved. 944 00:55:00,080 --> 00:55:04,240 Speaker 1: The deals and an earlier one involving Lockheed F sixteen 945 00:55:04,320 --> 00:55:08,000 Speaker 1: fighters are taking place amid rising tension between the superpowers 946 00:55:08,040 --> 00:55:11,840 Speaker 1: ahead of the U S election next week. It's remarkable, folks, 947 00:55:11,880 --> 00:55:14,799 Speaker 1: because we're not talking about soybeans anymore. We're not talking 948 00:55:14,800 --> 00:55:19,600 Speaker 1: about soybeans anymore. China now sanctioning uh boeing Lockheed and 949 00:55:19,760 --> 00:55:23,080 Speaker 1: right me on this as the US UH is now 950 00:55:23,880 --> 00:55:28,160 Speaker 1: uh looking to approve one point eight billion dollars of 951 00:55:28,239 --> 00:55:31,040 Speaker 1: sales and new weapons for Taiwan and have submitted that 952 00:55:31,360 --> 00:55:34,640 Speaker 1: to Congress. My thanks to Mark Begat, My thanks to 953 00:55:34,760 --> 00:55:38,640 Speaker 1: Congressman Dwight Evans, the former Senator Mark Beggetch of Alaska, 954 00:55:38,760 --> 00:55:42,840 Speaker 1: and of course my thank to Frank Massano, chairman, Chairman 955 00:55:42,920 --> 00:55:47,920 Speaker 1: Ron Johnson of Wisconsin. Uh, he's a Packers fan. Actually 956 00:55:48,000 --> 00:55:49,880 Speaker 1: he's more of a Minnesota Vikings fan. And I said, oh, 957 00:55:50,000 --> 00:55:52,240 Speaker 1: who do you like? The Packers? Are there the Vikings 958 00:55:52,280 --> 00:55:54,000 Speaker 1: And then he holds out his fist and he goes, 959 00:55:54,520 --> 00:55:56,440 Speaker 1: it's not a fifth month. Whenever we ask a Vikings 960 00:55:56,480 --> 00:55:58,560 Speaker 1: fan to say show us the rings, that you just 961 00:55:58,719 --> 00:56:01,040 Speaker 1: show them your knuckles because they have any I'm Kevin 962 00:56:01,120 --> 00:56:04,520 Speaker 1: surreally seriously. Five years, Thank you, Bloomberg. It's been amazing. 963 00:56:04,560 --> 00:56:06,960 Speaker 1: I'm excited, excited for wherever the story takes me and 964 00:56:07,400 --> 00:56:10,560 Speaker 1: many more years here, let's sprint to the election. You're 965 00:56:10,600 --> 00:56:15,480 Speaker 1: listening to Bloomberg m