1 00:00:00,120 --> 00:00:02,960 Speaker 1: Like never before. If you're looking at Rebeny Kennedy for 2 00:00:03,040 --> 00:00:06,040 Speaker 1: different vaccines, how do we make sure a pandemic of 3 00:00:06,120 --> 00:00:09,880 Speaker 1: this gale never happens again. This is Bloomberg Sound on 4 00:00:11,760 --> 00:00:18,759 Speaker 1: Bloomberg W two. It's launch day or is it it's 5 00:00:18,840 --> 00:00:21,640 Speaker 1: postpell and we'll bring you the latest on elon musk 6 00:00:21,840 --> 00:00:25,759 Speaker 1: and n A, s A and Hong Kong. That's the LEA, 7 00:00:26,079 --> 00:00:28,080 Speaker 1: that's the lead story, that's the big story. I spoke 8 00:00:28,120 --> 00:00:32,720 Speaker 1: to Morgan Ortagus, the spokeswoman and senior advisor for Secretary 9 00:00:32,720 --> 00:00:35,880 Speaker 1: of State Mike Pompeio. I'll tell you what she says 10 00:00:36,000 --> 00:00:40,720 Speaker 1: about the US potentially changing its recognition of Hong Kong 11 00:00:41,080 --> 00:00:43,479 Speaker 1: and what does that mean not just for democracy but 12 00:00:43,560 --> 00:00:47,559 Speaker 1: also for US trade alliance with China, all of that 13 00:00:47,640 --> 00:00:50,839 Speaker 1: and the latest on the front as well. Hagar Shamali 14 00:00:51,040 --> 00:00:54,840 Speaker 1: returns and we're talking to an astronaut, the former head 15 00:00:54,880 --> 00:00:57,400 Speaker 1: of the space station US Space Station Mount Launch day. 16 00:00:57,400 --> 00:00:59,040 Speaker 1: Are you a space nerd like I am? I'm a 17 00:00:59,080 --> 00:01:02,400 Speaker 1: huge space nerd. The big story geo politics, all about 18 00:01:02,440 --> 00:01:05,560 Speaker 1: Hong Kong and the US designation of Hong Kong. We're 19 00:01:05,560 --> 00:01:08,360 Speaker 1: gonna dive headfirst into the policy with the Garshamali of 20 00:01:08,520 --> 00:01:12,320 Speaker 1: Granwich strategies coming up later in the program. The US 21 00:01:12,360 --> 00:01:18,000 Speaker 1: says Hong Kong's autonomy is gone, sewing China trade dealt 22 00:01:18,120 --> 00:01:22,000 Speaker 1: Nick Bottoms and Ben Barnstein reporting on the Bloomberg terminal, 23 00:01:22,319 --> 00:01:25,000 Speaker 1: the Trump Administration said it could no longer certify Hong 24 00:01:25,080 --> 00:01:28,880 Speaker 1: Kong's political autonomy from China, a move that could trigger 25 00:01:28,959 --> 00:01:32,440 Speaker 1: sanctions and have far reaching consequences on the former British 26 00:01:32,520 --> 00:01:38,160 Speaker 1: colonies special trading status with the United States. Maryland Governor 27 00:01:38,360 --> 00:01:43,480 Speaker 1: Larry Hogan announcing the plans to continue to reopening the 28 00:01:43,520 --> 00:01:46,880 Speaker 1: state of Maryland. This says d C Mayor Mariel Bowser, 29 00:01:46,959 --> 00:01:51,800 Speaker 1: also announcing plans for a Phase one reopening on Friday, 30 00:01:52,000 --> 00:01:56,360 Speaker 1: interesting developments as life in the d m V continues 31 00:01:56,400 --> 00:02:01,480 Speaker 1: to trend toward reopening. Governor Hogan saying that there has 32 00:02:01,520 --> 00:02:04,000 Speaker 1: been a study decline of cases of coronavirus in the 33 00:02:04,040 --> 00:02:07,200 Speaker 1: Great State of Maryland. Also, he went on to say 34 00:02:07,280 --> 00:02:11,160 Speaker 1: UH that camps outdoor camps for kids up to ten 35 00:02:12,280 --> 00:02:16,520 Speaker 1: individuals will be able to be reopened. Meanwhile, pools public 36 00:02:16,520 --> 00:02:19,679 Speaker 1: pools provided that they have signage UH telling people to 37 00:02:19,720 --> 00:02:22,760 Speaker 1: stay home if they're sick. They could potentially be reopened 38 00:02:22,760 --> 00:02:27,720 Speaker 1: as well. UH drive in movie theaters and other uh 39 00:02:28,000 --> 00:02:33,160 Speaker 1: businesses now on a on a plan towards reopening. Mariel Bowser, 40 00:02:33,200 --> 00:02:36,440 Speaker 1: a Democrat, saying that she's calling it stay at home light, 41 00:02:37,240 --> 00:02:42,359 Speaker 1: allowing for certain restaurants to have outdoor seating come Friday. 42 00:02:42,440 --> 00:02:46,760 Speaker 1: But again, bottom line, d m V trerending towards UH 43 00:02:46,960 --> 00:02:51,800 Speaker 1: towards re opening. Okay, I'm Kevin Surley, chief Washington correspondent 44 00:02:51,800 --> 00:02:54,440 Speaker 1: for Bloomberg TV and from Bloomberg Radio. Josh Win Groves 45 00:02:54,480 --> 00:02:57,200 Speaker 1: on the line. Uh, he has Bloomberg News White House reporter, 46 00:02:57,240 --> 00:03:00,000 Speaker 1: of course, Josh, let's just let's talk about the break 47 00:03:00,080 --> 00:03:04,720 Speaker 1: news I mean, Governor Hogan, mayor Bowser from the DMV perspective, 48 00:03:05,600 --> 00:03:09,600 Speaker 1: trending towards reopening. Yeah, and this has been one of 49 00:03:09,639 --> 00:03:13,320 Speaker 1: the communities we know that the federal government has kind 50 00:03:13,320 --> 00:03:15,440 Speaker 1: of warned about. You know, you've seen the White House 51 00:03:15,440 --> 00:03:19,040 Speaker 1: and briefings say that DC sort of at large was 52 00:03:19,080 --> 00:03:20,560 Speaker 1: not one of the places where they were seeing the 53 00:03:20,639 --> 00:03:24,120 Speaker 1: decline really come down. So if we continue to see that, 54 00:03:24,120 --> 00:03:26,760 Speaker 1: that's a good sign not only for the DNB, but 55 00:03:26,840 --> 00:03:29,359 Speaker 1: you know, for the US is overall, but there are 56 00:03:29,400 --> 00:03:32,920 Speaker 1: still warning signs. We heard this morning from Dr Fauci 57 00:03:33,000 --> 00:03:36,200 Speaker 1: on CNN, for instance, there are concerns that there could 58 00:03:36,240 --> 00:03:38,400 Speaker 1: be a flare up or the we need to all 59 00:03:38,440 --> 00:03:41,560 Speaker 1: sort of remain vigilant and really continue to increase that 60 00:03:41,760 --> 00:03:44,760 Speaker 1: testing so that we can catch things coming as they 61 00:03:44,800 --> 00:03:47,400 Speaker 1: flare up again. Of course, a lot of concerns still, 62 00:03:47,480 --> 00:03:50,640 Speaker 1: in particular from the last weekend Memorial Day, when a 63 00:03:50,680 --> 00:03:52,920 Speaker 1: lot of sort of more tourists focused communities, there was 64 00:03:53,000 --> 00:03:55,760 Speaker 1: not a lot of social distancing going on. So that's 65 00:03:55,760 --> 00:03:59,720 Speaker 1: what's happening in Washington, d C. Meanwhile, let's go back 66 00:03:59,760 --> 00:04:02,160 Speaker 1: to so we're broadly speaking, this is an incredibly historic 67 00:04:02,200 --> 00:04:04,960 Speaker 1: busy day for the White House because as it relates 68 00:04:05,000 --> 00:04:08,120 Speaker 1: to to US and China relations and of course Secretary 69 00:04:08,120 --> 00:04:11,960 Speaker 1: of State Mike Pompeo announcing a re type of designation 70 00:04:12,040 --> 00:04:15,080 Speaker 1: for Hong Kong. What do we know? Yeah, and this, 71 00:04:15,600 --> 00:04:19,320 Speaker 1: you know, this one, I guess is not entirely surprising 72 00:04:19,400 --> 00:04:21,719 Speaker 1: in a way, but it has the potential to be 73 00:04:21,800 --> 00:04:24,600 Speaker 1: a real fork in the road. And you know, what 74 00:04:24,800 --> 00:04:28,600 Speaker 1: they're announcing essentially is a step towards uh. It kind 75 00:04:28,600 --> 00:04:31,159 Speaker 1: of sets the table for the next really big thing 76 00:04:31,200 --> 00:04:33,760 Speaker 1: and sort of saying that that Hong Kong is no 77 00:04:33,760 --> 00:04:36,320 Speaker 1: longer independent. It sets the table for further actions from 78 00:04:36,400 --> 00:04:39,640 Speaker 1: either side. So all eyes now will be on the US. 79 00:04:39,720 --> 00:04:44,000 Speaker 1: Do they take, for instance, real substantial sanctions against Chinese officials, 80 00:04:44,080 --> 00:04:47,400 Speaker 1: as we've reported, has been under consideration and the Chinese, 81 00:04:47,440 --> 00:04:51,719 Speaker 1: do they enact sort of really wide ranging security legislation 82 00:04:52,400 --> 00:04:55,560 Speaker 1: or do they start cracking down on Hong Kong protests 83 00:04:55,560 --> 00:05:01,200 Speaker 1: in a in a particularly dramatic way. I think in essence, 84 00:05:01,200 --> 00:05:03,760 Speaker 1: Pompeo has sort of stepped into the ring a little 85 00:05:03,760 --> 00:05:07,800 Speaker 1: bit here, but he hasn't entirely triggered a set of 86 00:05:07,839 --> 00:05:10,520 Speaker 1: events yet, So you know, I think we need to, 87 00:05:11,120 --> 00:05:14,320 Speaker 1: you know, be cautious about Geminique inclusions. It's possible that 88 00:05:14,400 --> 00:05:17,839 Speaker 1: either country will decide to take that next step and 89 00:05:18,000 --> 00:05:20,800 Speaker 1: escalate into sort of a spiraling conflict. Frankly, you know, 90 00:05:20,800 --> 00:05:24,159 Speaker 1: President Trump in particular has you know, not really been 91 00:05:24,200 --> 00:05:29,320 Speaker 1: overly critical of China, particularly on anything outside of the coronavirus, 92 00:05:29,320 --> 00:05:31,800 Speaker 1: but in particular on the coronavirus, he's kind of tiptoed 93 00:05:31,839 --> 00:05:34,480 Speaker 1: around and blaming China for hiding it but not pinning 94 00:05:34,520 --> 00:05:37,840 Speaker 1: it all the time. At the feet of President she himself. Well, 95 00:05:37,839 --> 00:05:39,840 Speaker 1: when you look at the policies, though, I mean it's 96 00:05:39,839 --> 00:05:42,560 Speaker 1: a drip drip drip of policies and and and actions 97 00:05:42,560 --> 00:05:44,560 Speaker 1: of a race out of US China relations. I mean 98 00:05:44,800 --> 00:05:47,159 Speaker 1: for the Trump administration to no longer to say it, 99 00:05:47,200 --> 00:05:50,599 Speaker 1: no longer certifies Hong Kong's political autonomy from China is 100 00:05:50,600 --> 00:05:54,760 Speaker 1: a massive development. Hong Kong had been since for decades, 101 00:05:55,080 --> 00:05:58,920 Speaker 1: you know, recognized as a democratic lowercase d UH safe 102 00:05:58,920 --> 00:06:02,200 Speaker 1: haven of sorts, not financial financial, but from a symbolic 103 00:06:02,240 --> 00:06:05,200 Speaker 1: perspective as well. You have that coupled with Democrats on 104 00:06:05,279 --> 00:06:08,120 Speaker 1: Capitol Hill offering no resistance to this move, and it 105 00:06:08,200 --> 00:06:11,360 Speaker 1: sends a clear signal to Beijing that the two political 106 00:06:11,360 --> 00:06:13,719 Speaker 1: parties in the United States are aligned on this, that 107 00:06:13,800 --> 00:06:16,200 Speaker 1: should China continue with this type of behavior, that it 108 00:06:16,200 --> 00:06:18,560 Speaker 1: wouldn't be allowed. You know, I spoke with the senior 109 00:06:18,600 --> 00:06:22,360 Speaker 1: Democratic staffer in Congress earlier today who told me as much. 110 00:06:22,360 --> 00:06:24,600 Speaker 1: And when you have Chris man Holland and Pat to me, 111 00:06:24,960 --> 00:06:28,599 Speaker 1: a Democrat and a republican, world's apart. Josh. You know, 112 00:06:28,680 --> 00:06:33,880 Speaker 1: this world's apart on basically every single policy issue, but 113 00:06:34,000 --> 00:06:38,040 Speaker 1: on the issue of UH making sure that that Chinese 114 00:06:38,040 --> 00:06:40,960 Speaker 1: firms on the stock exchanges on the US exchanges are 115 00:06:40,960 --> 00:06:43,520 Speaker 1: gonna be held to the same accounting standards as other countries. 116 00:06:44,040 --> 00:06:46,159 Speaker 1: Then you have this situation in Hong Kong, which to 117 00:06:46,200 --> 00:06:49,360 Speaker 1: your point, Shosh totally agree your spot on was in 118 00:06:49,440 --> 00:06:53,400 Speaker 1: the pipeline for uh pre COVID. I mean, this is 119 00:06:53,400 --> 00:06:55,360 Speaker 1: something that the State Department had looked at for a year. 120 00:06:56,080 --> 00:07:01,120 Speaker 1: And then you have even more legislation, bipartisan ledgislation being 121 00:07:01,160 --> 00:07:04,920 Speaker 1: discussed on Capitol Hill. Not to mention Joe Biden saying 122 00:07:04,920 --> 00:07:07,960 Speaker 1: President Trump isn't tough enough on China and President Trump 123 00:07:08,040 --> 00:07:11,240 Speaker 1: saying Joe Biden isn't tough enough on China. This is 124 00:07:11,280 --> 00:07:13,320 Speaker 1: a This is not like we're dealing with Russia in 125 00:07:13,360 --> 00:07:15,880 Speaker 1: two thousand and sixteen. The US is speaking from one 126 00:07:15,880 --> 00:07:19,880 Speaker 1: political playbook, at least in terms of a reset. Right. Yeah, 127 00:07:19,920 --> 00:07:22,000 Speaker 1: And you know we didn't even mention the Phase one 128 00:07:22,040 --> 00:07:24,880 Speaker 1: trade deal. China is nowhere near those agriculture purchases as 129 00:07:24,920 --> 00:07:26,640 Speaker 1: they were pledged to, and that we're like sort of 130 00:07:26,640 --> 00:07:29,240 Speaker 1: the big selling point for the president, and we haven't 131 00:07:29,240 --> 00:07:31,680 Speaker 1: talked about what Larry commos and talking about the President's 132 00:07:31,720 --> 00:07:34,800 Speaker 1: top economic adbiser, but in terms of offering incentives to 133 00:07:34,840 --> 00:07:37,680 Speaker 1: bring companies out of China and maybe tax incentive to 134 00:07:37,720 --> 00:07:40,480 Speaker 1: get them to move, if not the US, somewhere just 135 00:07:40,520 --> 00:07:43,800 Speaker 1: basically anywhere not China. So yeah, you know, the pot 136 00:07:44,160 --> 00:07:47,160 Speaker 1: is boiling for sure, and the symbolism of today's move 137 00:07:47,280 --> 00:07:50,040 Speaker 1: is big. You know. I don't want to suggest otherwise, 138 00:07:50,160 --> 00:07:54,120 Speaker 1: but you know, I think it is not quite yet 139 00:07:54,200 --> 00:07:58,239 Speaker 1: that final step off the ledge, you know. And Pompeo 140 00:07:58,360 --> 00:08:00,680 Speaker 1: was not the only hawk in this, of course, remember 141 00:08:00,720 --> 00:08:04,360 Speaker 1: the N s A under under U N s A 142 00:08:04,400 --> 00:08:08,040 Speaker 1: O'Brien uh and the President himself haves have been pretty 143 00:08:08,040 --> 00:08:10,200 Speaker 1: hawks about China from the beginning. But I think I 144 00:08:10,240 --> 00:08:12,040 Speaker 1: think it really is going to come down to a 145 00:08:12,080 --> 00:08:15,560 Speaker 1: lot how the President sees that phays one d L. 146 00:08:15,640 --> 00:08:17,880 Speaker 1: If he still thinks that that is a valuable asset, 147 00:08:17,960 --> 00:08:20,440 Speaker 1: if he still thinks it's important to have h then 148 00:08:20,640 --> 00:08:22,120 Speaker 1: you know, I think that will guide a lot of 149 00:08:22,120 --> 00:08:24,560 Speaker 1: his reaction, as it did late last year to the 150 00:08:24,680 --> 00:08:26,880 Speaker 1: previous round of Hong Kong protest, where he didn't really 151 00:08:26,920 --> 00:08:29,560 Speaker 1: make much of a fuss. But if he no longer 152 00:08:29,600 --> 00:08:31,640 Speaker 1: thinks that that Base one deal is is the be 153 00:08:31,760 --> 00:08:33,960 Speaker 1: all and end all then, uh, you know, all bets 154 00:08:33,960 --> 00:08:35,800 Speaker 1: are off, and that might open the door for the 155 00:08:35,880 --> 00:08:38,360 Speaker 1: voices in Congress that you mentioned to really start going 156 00:08:38,400 --> 00:08:41,840 Speaker 1: after China without fear of the President's wanting him down. Josh, 157 00:08:42,280 --> 00:08:45,960 Speaker 1: great reporting, as always, very much appreciate your time, Josh 158 00:08:46,000 --> 00:08:48,600 Speaker 1: winn grow the guy on the Bloomberg White House team. 159 00:08:48,600 --> 00:08:51,520 Speaker 1: As as it relates to covering all of these policy 160 00:08:51,559 --> 00:08:55,520 Speaker 1: issues joining us now, just to reset, Huggar Shamali is 161 00:08:55,640 --> 00:08:57,640 Speaker 1: on the line. Huggar is a front of the program. 162 00:08:57,720 --> 00:09:03,360 Speaker 1: And of course uh These CEO of Greenwich Media, Greenwich Strategies, 163 00:09:03,840 --> 00:09:09,959 Speaker 1: uh Aharmali, CEO of Greenwich Media Strategies, former Treasury spokesperson 164 00:09:10,040 --> 00:09:12,760 Speaker 1: for Terrorism and Financial Intelligence, and hosts of the new 165 00:09:12,800 --> 00:09:17,640 Speaker 1: YouTube series oh My World with Huggar Smali. Hugg We 166 00:09:17,640 --> 00:09:21,800 Speaker 1: were talking about the US designation of Hong Kong. Why 167 00:09:21,840 --> 00:09:26,440 Speaker 1: should the average American care about this? This is a 168 00:09:26,480 --> 00:09:28,400 Speaker 1: big deal. First of all, Kevin, great to hear you. 169 00:09:28,440 --> 00:09:31,800 Speaker 1: Thank you for the kind introduction. Um, this is a 170 00:09:31,800 --> 00:09:35,760 Speaker 1: big deal. We have a special act with Hong Kong 171 00:09:36,000 --> 00:09:39,319 Speaker 1: that that separates them out from China when it comes 172 00:09:39,400 --> 00:09:44,679 Speaker 1: to issues related to trade, business visas and so on, 173 00:09:44,800 --> 00:09:47,240 Speaker 1: and it's something that by the way, China benefits from 174 00:09:47,320 --> 00:09:51,200 Speaker 1: that link to the United States. UM. The issue you 175 00:09:51,280 --> 00:09:53,760 Speaker 1: have here is Hong Kong. By the way, our trade 176 00:09:53,760 --> 00:09:56,560 Speaker 1: with Hong Kong is really strong. We have no trade 177 00:09:56,600 --> 00:10:00,280 Speaker 1: deficit with them. They import five times as much as UM, 178 00:10:00,400 --> 00:10:03,880 Speaker 1: five times more than we import from them UM, which 179 00:10:03,880 --> 00:10:05,840 Speaker 1: in that part of the world means a lot. So 180 00:10:06,280 --> 00:10:09,480 Speaker 1: that's a big deal for us. Obviously, we look to 181 00:10:09,520 --> 00:10:12,360 Speaker 1: Hong Kong not only as a major regional financial center, 182 00:10:12,360 --> 00:10:14,280 Speaker 1: and we do a lot of business with them UM 183 00:10:14,280 --> 00:10:17,360 Speaker 1: from the private sector, but from the U. S. Government standpoint. 184 00:10:17,400 --> 00:10:21,680 Speaker 1: We uphold their model of democracy UM and have always 185 00:10:21,760 --> 00:10:26,760 Speaker 1: hoped that that type of model would be exported into China, 186 00:10:26,880 --> 00:10:30,200 Speaker 1: not the other way around. UM. And so it's a 187 00:10:30,200 --> 00:10:33,200 Speaker 1: big deal. The announcement that Secretary of Pompeo made today 188 00:10:33,960 --> 00:10:36,240 Speaker 1: is significant, not just because it will it will have 189 00:10:36,280 --> 00:10:38,360 Speaker 1: a hit on Hong Kong and then a broader hit 190 00:10:38,400 --> 00:10:44,600 Speaker 1: on China. UM. But uh, really it underscores how foolish 191 00:10:44,640 --> 00:10:48,319 Speaker 1: President She of China, how how foolish his move is 192 00:10:48,840 --> 00:10:53,320 Speaker 1: to pursue this national security law to try and undermine 193 00:10:53,360 --> 00:10:56,120 Speaker 1: Hong Kong's autonomy like this, because he's really going to 194 00:10:56,240 --> 00:10:58,400 Speaker 1: end up shooting himself in the foot. Why do you 195 00:10:58,400 --> 00:11:02,480 Speaker 1: think that because of all the business ties we have 196 00:11:02,600 --> 00:11:06,800 Speaker 1: with Hong Kong? Because I want to I want to 197 00:11:07,720 --> 00:11:10,720 Speaker 1: unpackaged this a little bit, because I think a lot 198 00:11:10,760 --> 00:11:12,800 Speaker 1: of people when they first hear about the Hong Kong issue, 199 00:11:12,840 --> 00:11:15,120 Speaker 1: they think of democracy and and and being such a 200 00:11:15,200 --> 00:11:19,199 Speaker 1: strong democracy symbol in that particular region of which it is. 201 00:11:19,600 --> 00:11:22,000 Speaker 1: And I don't want to downplay that at all. But 202 00:11:22,080 --> 00:11:26,240 Speaker 1: there's this other business angle, and I think that's where, folks, 203 00:11:26,440 --> 00:11:28,760 Speaker 1: we can dig a little deeper. Why is this such 204 00:11:28,800 --> 00:11:34,920 Speaker 1: a financial safe haven and such a financial importance in 205 00:11:34,960 --> 00:11:39,240 Speaker 1: this particular region? Right? Well, so it is a major 206 00:11:39,320 --> 00:11:43,439 Speaker 1: regional financial center. We the United States have significant ties 207 00:11:43,480 --> 00:11:47,480 Speaker 1: with them. That means that, for example, when we're doing banking, um, 208 00:11:47,520 --> 00:11:50,720 Speaker 1: things like banking, for example, the transactions will move faster, 209 00:11:50,760 --> 00:11:53,840 Speaker 1: they'll move easier than they would coming from China. UM. 210 00:11:54,160 --> 00:11:58,120 Speaker 1: That's something that China benefits from having that regional financial 211 00:11:58,120 --> 00:12:01,520 Speaker 1: center so close, having it be technically part of technically 212 00:12:01,600 --> 00:12:05,080 Speaker 1: Chinese territory of course. UM. And that's just one example, right. 213 00:12:05,160 --> 00:12:08,960 Speaker 1: So trade is another one. Hong Kong was not affected 214 00:12:08,960 --> 00:12:13,160 Speaker 1: by the tariffs that were imposed recently on mainland China 215 00:12:13,679 --> 00:12:17,400 Speaker 1: UM right, and so they weren't those that it affects 216 00:12:17,480 --> 00:12:20,240 Speaker 1: them UM. And our trade moves really freely. And as 217 00:12:20,280 --> 00:12:22,960 Speaker 1: I mentioned earlier, UM, Hong Kong imports from the United 218 00:12:22,960 --> 00:12:27,160 Speaker 1: States fivefold what what the U s exports to Hong Kong. UM. 219 00:12:27,320 --> 00:12:31,120 Speaker 1: So the business financial aspect of this is really significant 220 00:12:31,320 --> 00:12:33,600 Speaker 1: on both ends. We benefit from that trade with Hong 221 00:12:33,679 --> 00:12:37,240 Speaker 1: Kong's and Hong Kong certainly benefits from that trade, but 222 00:12:37,320 --> 00:12:40,520 Speaker 1: so does China. And that's where Secretary Pompey was moved. 223 00:12:41,240 --> 00:12:43,160 Speaker 1: UH is interesting. I mean, he said today that it 224 00:12:43,200 --> 00:12:46,520 Speaker 1: was a hard decision for him, and I believe that 225 00:12:46,960 --> 00:12:49,200 Speaker 1: because he is aware that this is going to hurt 226 00:12:49,920 --> 00:12:53,360 Speaker 1: the very territory that he doesn't want to hurt that 227 00:12:53,400 --> 00:12:56,400 Speaker 1: we don't want to hurt UM. But it gets it China, 228 00:12:56,480 --> 00:12:59,040 Speaker 1: and it sends a message to the president to President 229 00:12:59,240 --> 00:13:02,520 Speaker 1: of China that he's making a wrong movement, that China 230 00:13:02,559 --> 00:13:05,360 Speaker 1: will feel the rest ramifications of this, that if he 231 00:13:05,440 --> 00:13:08,000 Speaker 1: really wants to make this decision to impose this type 232 00:13:08,000 --> 00:13:12,880 Speaker 1: of UH rule of law and undermined their economy, then 233 00:13:13,000 --> 00:13:16,160 Speaker 1: they're all going to suffer from it. Her Garsiamali's on 234 00:13:16,160 --> 00:13:18,800 Speaker 1: the line. She's the CEO of Greenwich Media Strategies, former 235 00:13:18,800 --> 00:13:22,360 Speaker 1: Treasury spokesperson for Terrorism and Financial Intelligence, and the host 236 00:13:22,400 --> 00:13:25,520 Speaker 1: of All My World on YouTube. Huggar it sounds like, 237 00:13:26,400 --> 00:13:30,560 Speaker 1: excuse me, it sounds like Hong Kong is an a 238 00:13:30,679 --> 00:13:33,640 Speaker 1: t M for shi jing Ping, Hong Kong is an 239 00:13:33,640 --> 00:13:35,920 Speaker 1: a t M for the Communist Party of China and 240 00:13:36,000 --> 00:13:39,120 Speaker 1: both Hey, the US has benefited from it, Hong Kong's 241 00:13:39,160 --> 00:13:42,640 Speaker 1: benefited from it, but China has been benefiting from from 242 00:13:42,679 --> 00:13:46,520 Speaker 1: this a t M, especially given what they've enacted with 243 00:13:46,960 --> 00:13:49,959 Speaker 1: over the protests and whatnot, and what the administration did 244 00:13:50,000 --> 00:13:52,320 Speaker 1: today and what the BI part is in members of 245 00:13:52,360 --> 00:13:55,080 Speaker 1: Congress have been signaling is if that's not going to happen, 246 00:13:55,440 --> 00:13:56,839 Speaker 1: and at least they're going to raise the a t 247 00:13:57,000 --> 00:13:59,520 Speaker 1: M fees. I'm simplifying it, but is that the water 248 00:13:59,600 --> 00:14:04,920 Speaker 1: down for Jian International Financial Hub and an important channel 249 00:14:05,320 --> 00:14:09,080 Speaker 1: for Chinese businesses to conduct business and also to borrow money, 250 00:14:09,120 --> 00:14:11,439 Speaker 1: which where your a t M metaphor comes into play. 251 00:14:11,720 --> 00:14:15,079 Speaker 1: So the companies in China benefit from a relaxed financial 252 00:14:15,120 --> 00:14:19,119 Speaker 1: system in Hong Kong that allows transfer funds and interacting 253 00:14:19,160 --> 00:14:22,360 Speaker 1: more freely with the entire world. Um so, yeah, you 254 00:14:22,440 --> 00:14:24,280 Speaker 1: summed it up, Greade. I love your metaphor of at M. 255 00:14:24,440 --> 00:14:26,680 Speaker 1: All right, we're gonna leave it there. Herdshamali, CEO of 256 00:14:26,720 --> 00:14:31,239 Speaker 1: Gretish Media Strategies, former Treasury Spokesperson for Terrorism and Financial Intelligence, 257 00:14:31,240 --> 00:14:33,560 Speaker 1: and the host of Oh My World on YouTube. Go 258 00:14:33,640 --> 00:14:36,560 Speaker 1: check it out. It is awesome. It is very accessible, 259 00:14:36,880 --> 00:14:41,240 Speaker 1: easy to understand, and filled with great conversational metaphors. All right, 260 00:14:41,440 --> 00:14:44,040 Speaker 1: we're coming up next. I'm Kevin Cirelli, Chief Washington correspondent 261 00:14:44,040 --> 00:14:46,360 Speaker 1: for Bloomberg TV and Bloomberg Radio. And now let's get 262 00:14:46,440 --> 00:14:50,080 Speaker 1: a check on the news from my good friend Nancy Lions. Nancy, well, 263 00:14:50,120 --> 00:14:54,120 Speaker 1: you've heard it right here on Bloomberg. Maryland Governor Larry 264 00:14:54,160 --> 00:14:57,640 Speaker 1: Hogan is using restrictions on outdoor dining, youth sports, and 265 00:14:57,760 --> 00:15:00,560 Speaker 1: swimming pools and says most of this state is now 266 00:15:00,560 --> 00:15:03,160 Speaker 1: in phase one of reopening in the state has cut 267 00:15:03,160 --> 00:15:07,440 Speaker 1: its rate of residents testing positive in half of these 268 00:15:07,560 --> 00:15:13,600 Speaker 1: encouraging trends continue into next week, we would then be 269 00:15:13,680 --> 00:15:18,920 Speaker 1: in a position to begin entering stage two of our recovery, 270 00:15:19,200 --> 00:15:23,440 Speaker 1: which would mean a lifting of the order and allowing 271 00:15:23,800 --> 00:15:29,800 Speaker 1: other non essential businesses to begin reopening. Meanwhile, the district 272 00:15:29,840 --> 00:15:33,640 Speaker 1: will begin phase one of reopening on Friday, Mayor. Muriel 273 00:15:33,680 --> 00:15:36,880 Speaker 1: Bowser calls it stay at home light. You can go 274 00:15:37,000 --> 00:15:39,600 Speaker 1: to a restaurant and dine out side. You can go 275 00:15:39,680 --> 00:15:42,960 Speaker 1: to a retailer and pick up from on the curb side. 276 00:15:43,360 --> 00:15:47,880 Speaker 1: You can go enjoy more public park space. Salons and 277 00:15:47,920 --> 00:15:51,200 Speaker 1: barbershops will reopen, but by appointment only and with only 278 00:15:51,240 --> 00:15:55,360 Speaker 1: one client per stylist. Neil salons will remain closed. Well. 279 00:15:55,400 --> 00:15:58,200 Speaker 1: Today is the deadline to register, update your information or 280 00:15:58,280 --> 00:16:02,160 Speaker 1: change your party affiliation for the second primary election in Maryland. 281 00:16:02,240 --> 00:16:05,600 Speaker 1: Eligible residents a register to vote online at the Maryland 282 00:16:05,640 --> 00:16:08,720 Speaker 1: State Board of Elections website, or you can text vote 283 00:16:09,360 --> 00:16:12,680 Speaker 1: to seven seven seven eight eight. The majority of voting 284 00:16:12,720 --> 00:16:15,240 Speaker 1: will be done by mail due to the coronavirus. Ballots 285 00:16:15,280 --> 00:16:17,680 Speaker 1: need to be postmarked no later than June two to 286 00:16:17,760 --> 00:16:20,560 Speaker 1: be counted. Well. There was a bank rally today with 287 00:16:20,640 --> 00:16:24,280 Speaker 1: strong showings for American Express, Goldman Sachs and JP Morgan Chase. 288 00:16:24,640 --> 00:16:26,960 Speaker 1: The Dallas at its highest and almost three months up 289 00:16:27,000 --> 00:16:29,640 Speaker 1: five hundred and fifty three points to twenty five thousand, 290 00:16:29,680 --> 00:16:33,320 Speaker 1: five forty eight. The NASDAT game seventy two. To end 291 00:16:33,360 --> 00:16:36,040 Speaker 1: the day. At ninety four and twelve, the SNP was 292 00:16:36,120 --> 00:16:39,320 Speaker 1: up forty four. Bloomberg Sound On with Kevin CURRELLI continues, 293 00:16:39,360 --> 00:16:42,560 Speaker 1: I'm Nancy Lions. This is Bloomberg and one oh five 294 00:16:42,600 --> 00:16:46,520 Speaker 1: point seven FM h D two. I'm Kevin cur really, 295 00:16:46,640 --> 00:16:49,800 Speaker 1: chief Washington correspondent for Bloomberg Television and for Bloomberg Radio, 296 00:16:49,880 --> 00:16:52,760 Speaker 1: and I am thrilled to have our next guest on 297 00:16:52,800 --> 00:16:55,920 Speaker 1: the line to talk about tech policy. Barbara Compstocks on 298 00:16:55,960 --> 00:17:00,160 Speaker 1: the line. She's the former Virginia, Virginia Republican congresswoman, then 299 00:17:00,160 --> 00:17:04,159 Speaker 1: a senior advisor at Baker Donaldson. Thank you very much 300 00:17:04,200 --> 00:17:07,159 Speaker 1: for coming on. How are you very good? Great to 301 00:17:07,160 --> 00:17:09,119 Speaker 1: be with you this evening. You know, I feel like 302 00:17:09,200 --> 00:17:11,920 Speaker 1: it we're heading in the right direction. Things are reopening. 303 00:17:12,240 --> 00:17:14,760 Speaker 1: We're gonna be able maybe to go to brunch this weekend, 304 00:17:14,800 --> 00:17:17,920 Speaker 1: sit outside to six feet apart, you know, be able 305 00:17:17,960 --> 00:17:22,000 Speaker 1: to take another socially distanced wall, get our hair done 306 00:17:22,040 --> 00:17:24,640 Speaker 1: if we have an appointment. Everyone's calling in the lines now, 307 00:17:24,800 --> 00:17:29,919 Speaker 1: how have you been enjoying this quarantine pandemic? Well, you know, 308 00:17:30,000 --> 00:17:33,840 Speaker 1: thanks to America's technology companies, you know, which are really 309 00:17:34,000 --> 00:17:36,080 Speaker 1: you know, I've demonstrated throughout this time that there's a 310 00:17:36,160 --> 00:17:38,960 Speaker 1: crown jewels of our economy. I have been able to 311 00:17:39,040 --> 00:17:42,800 Speaker 1: keep in touch with friends, with family, with businesses. My 312 00:17:43,080 --> 00:17:46,720 Speaker 1: parents were able to do online healthcare my dad has 313 00:17:46,760 --> 00:17:50,840 Speaker 1: a heart condition. Um, my grandkids were able to you know, 314 00:17:50,880 --> 00:17:56,679 Speaker 1: get education online, and lots of companies that contributed their 315 00:17:56,840 --> 00:17:59,639 Speaker 1: products for free. And then mostly I was able to 316 00:17:59,680 --> 00:18:01,919 Speaker 1: continue you to work, you know, thanks to all of 317 00:18:01,920 --> 00:18:07,040 Speaker 1: the online conferencing and abilities that we have to stay connected. 318 00:18:07,119 --> 00:18:10,080 Speaker 1: So you know, they've they've done a great job keeping 319 00:18:10,119 --> 00:18:11,960 Speaker 1: us connected, and I think they'll get us through this 320 00:18:12,240 --> 00:18:15,439 Speaker 1: transition back to work too. You're an optimist. I like it. 321 00:18:15,480 --> 00:18:17,280 Speaker 1: All right, Let's talk about something we've been talking about 322 00:18:17,280 --> 00:18:20,720 Speaker 1: on this program. Barbara Compstack, former Virginia Republican congressman and 323 00:18:20,720 --> 00:18:25,000 Speaker 1: now a senior advisor at Baker Donaldson Contact Tracing and 324 00:18:25,080 --> 00:18:28,440 Speaker 1: Google and Apple and other tech companies, and how this 325 00:18:28,520 --> 00:18:33,800 Speaker 1: is going to be implemented in a democratic, lowercasety democratic 326 00:18:33,880 --> 00:18:36,920 Speaker 1: country in the Western world. Because when I gotta be honest, 327 00:18:36,960 --> 00:18:39,280 Speaker 1: when I hear about the contact tracing going on in 328 00:18:39,400 --> 00:18:42,600 Speaker 1: China and some of these other countries, yeah, it's very 329 00:18:42,680 --> 00:18:46,359 Speaker 1: r Relly in Barbara Well in the in the United 330 00:18:46,400 --> 00:18:49,560 Speaker 1: States is different because our companies that we have privacy 331 00:18:49,600 --> 00:18:53,199 Speaker 1: protection and it's voluntary, so you only have to have 332 00:18:53,240 --> 00:18:55,720 Speaker 1: a certain percentage that want to engage and be involved. 333 00:18:55,760 --> 00:18:58,720 Speaker 1: But then we're also going to protect the privacy. You know, 334 00:18:58,760 --> 00:19:02,080 Speaker 1: there's often that false discussion about do you want to 335 00:19:02,119 --> 00:19:05,000 Speaker 1: sacrifice your privacy or you have your or your safety. 336 00:19:05,320 --> 00:19:08,879 Speaker 1: The great thing about technology and in a democratic country 337 00:19:08,880 --> 00:19:12,200 Speaker 1: and like China, is that we can have both. And 338 00:19:12,280 --> 00:19:16,080 Speaker 1: that's uh the intent as this goes forward, different states 339 00:19:16,400 --> 00:19:20,000 Speaker 1: or even using different companies on the contact tracing, and 340 00:19:20,119 --> 00:19:24,680 Speaker 1: people are going to work through that process with transparency 341 00:19:24,840 --> 00:19:29,240 Speaker 1: and oversight, and you know, in an effort to keep 342 00:19:29,320 --> 00:19:31,480 Speaker 1: us healthier and be able to get us back into 343 00:19:31,520 --> 00:19:34,560 Speaker 1: that economy and working and knowing what the reality is 344 00:19:34,600 --> 00:19:37,800 Speaker 1: about us. I know, for example, I like knowing when 345 00:19:37,800 --> 00:19:41,520 Speaker 1: the State of Virginia started providing data based on county 346 00:19:41,520 --> 00:19:44,120 Speaker 1: and zip code, you knew how many people have been 347 00:19:44,160 --> 00:19:46,760 Speaker 1: tested or sick in your area. And the more information 348 00:19:46,840 --> 00:19:49,440 Speaker 1: you have, the easier it is for you to make 349 00:19:49,480 --> 00:19:52,360 Speaker 1: decisions for yourself or for your business, or for your 350 00:19:52,400 --> 00:19:55,040 Speaker 1: family or for a member who has cancer, which I also, 351 00:19:55,400 --> 00:19:57,639 Speaker 1: you don't have members of my family with cancer, so 352 00:19:57,720 --> 00:20:00,679 Speaker 1: everyone has to make different decisions. But the more information 353 00:20:00,760 --> 00:20:03,280 Speaker 1: you have, the better. See. I mean that that's a 354 00:20:03,359 --> 00:20:06,679 Speaker 1: very accessible explanation because I think so many things of 355 00:20:06,840 --> 00:20:10,520 Speaker 1: what gets reported about China's you know, the surveillance state 356 00:20:10,600 --> 00:20:13,119 Speaker 1: and whatnot. Can you give me a concrete example and 357 00:20:13,240 --> 00:20:17,680 Speaker 1: layman's terms, Barbara com Stock about how tech companies are 358 00:20:17,720 --> 00:20:21,960 Speaker 1: actually are working with the government to to do contact 359 00:20:22,040 --> 00:20:24,720 Speaker 1: tracing and the effect that it has on the average 360 00:20:25,000 --> 00:20:28,560 Speaker 1: individual American and where they get the data. Can you 361 00:20:28,640 --> 00:20:32,320 Speaker 1: just lay it semi straight and brick by brick terms. Yeah, 362 00:20:32,359 --> 00:20:36,040 Speaker 1: well they aren't getting you know, I don't have the 363 00:20:36,080 --> 00:20:39,520 Speaker 1: total specifics on this, but my understanding of it is, 364 00:20:39,800 --> 00:20:42,199 Speaker 1: first of all, you opt in as an individual if 365 00:20:42,240 --> 00:20:45,080 Speaker 1: you want to opt into the system, and then the 366 00:20:45,240 --> 00:20:48,399 Speaker 1: data is still is used in you know, it's not 367 00:20:48,800 --> 00:20:52,119 Speaker 1: you know, anonymous, so you're getting the data from location 368 00:20:52,200 --> 00:20:55,840 Speaker 1: and other things, but not identifying individuals, and then it 369 00:20:55,920 --> 00:20:58,199 Speaker 1: can tell you you know, you've you've seen some of 370 00:20:58,240 --> 00:21:02,080 Speaker 1: it already where people are saying there's been increased UH 371 00:21:02,400 --> 00:21:04,600 Speaker 1: usage of public parks. While we were all set in, 372 00:21:04,680 --> 00:21:07,280 Speaker 1: you could see like people weren't on the metro. You 373 00:21:07,359 --> 00:21:11,719 Speaker 1: knew metro's that dropped, you know, in in a lot 374 00:21:11,760 --> 00:21:14,080 Speaker 1: of different areas, but you also knew park usage had 375 00:21:14,080 --> 00:21:16,480 Speaker 1: got way up, and that was by you know, sort 376 00:21:16,480 --> 00:21:21,080 Speaker 1: of anonymous data that was just gathered um and collectively, 377 00:21:21,480 --> 00:21:24,720 Speaker 1: and then it could tell your local officials here's what's 378 00:21:24,720 --> 00:21:27,359 Speaker 1: going on in your community and what you might look for, 379 00:21:27,800 --> 00:21:30,439 Speaker 1: ye and in making your decisions. And it's probably a 380 00:21:30,440 --> 00:21:33,480 Speaker 1: little bit more accurate than just the pictures of eight 381 00:21:33,680 --> 00:21:36,920 Speaker 1: trillion people, it seems on the beaches, you know, down 382 00:21:36,920 --> 00:21:39,360 Speaker 1: to Florida. Barbara comp Sacks on the line, she's former 383 00:21:39,400 --> 00:21:42,359 Speaker 1: Virginia Republican congresswoman. Senior advisor Baker Donald said, Okay, I 384 00:21:42,359 --> 00:21:45,159 Speaker 1: want to stick with tech, especially on this issue of 385 00:21:45,720 --> 00:21:49,119 Speaker 1: China and five G because you know, you know this, Barbara, 386 00:21:49,200 --> 00:21:51,480 Speaker 1: there have been several of our European allies who have 387 00:21:51,600 --> 00:21:55,000 Speaker 1: been doing business with the Chinese with five G. Do 388 00:21:55,040 --> 00:21:59,159 Speaker 1: you think that this COVID pandemic will cause some of 389 00:21:59,200 --> 00:22:04,160 Speaker 1: our allies to rethink some of their plans. I think 390 00:22:04,160 --> 00:22:06,760 Speaker 1: it will. And you know, the US isn't a tech 391 00:22:06,840 --> 00:22:09,399 Speaker 1: race with China, and I think it's one we must 392 00:22:09,400 --> 00:22:13,000 Speaker 1: win and we have very different approaches to these things, 393 00:22:13,000 --> 00:22:16,480 Speaker 1: as we've just been discussing, than China does. And I think, uh, 394 00:22:16,560 --> 00:22:19,400 Speaker 1: the European Union, which really doesn't have any big tech companies, 395 00:22:19,440 --> 00:22:21,639 Speaker 1: you know, the US in the top twenty, the US 396 00:22:21,680 --> 00:22:24,680 Speaker 1: has eleven of the top twenty, China has the other nine. 397 00:22:25,160 --> 00:22:28,679 Speaker 1: So the EU UM as they're looking at who do 398 00:22:28,720 --> 00:22:30,240 Speaker 1: you want to go with? You want to go where 399 00:22:30,480 --> 00:22:34,480 Speaker 1: you have democracy and protections and privacy, or or with 400 00:22:34,600 --> 00:22:37,440 Speaker 1: the Chinese. And I think you've had uh. Congress and 401 00:22:37,480 --> 00:22:41,160 Speaker 1: actually one of my former colleagues, Kathy McMorris Rodgers, has 402 00:22:41,240 --> 00:22:44,600 Speaker 1: introduced bills with a group of bills with other members 403 00:22:44,600 --> 00:22:47,639 Speaker 1: of Congress which are looking to make sure that the 404 00:22:47,720 --> 00:22:51,040 Speaker 1: US does leave the world and technological innovation, including five G. 405 00:22:51,720 --> 00:22:56,000 Speaker 1: And they want to do more investment in our research 406 00:22:56,040 --> 00:22:59,000 Speaker 1: and development in science and so that the public private 407 00:22:59,000 --> 00:23:02,600 Speaker 1: partnership that we in the US is strengthened by more 408 00:23:02,880 --> 00:23:05,600 Speaker 1: money coming in from the US government. I'm making sure 409 00:23:05,680 --> 00:23:09,240 Speaker 1: that we're the leaders and competitive state and artificial intelligence 410 00:23:09,640 --> 00:23:12,959 Speaker 1: UM in you know in five G, in UM you know, 411 00:23:13,000 --> 00:23:16,680 Speaker 1: in in medicine, machine learning, quantum computing. That is something 412 00:23:16,720 --> 00:23:18,720 Speaker 1: that is so complicated that when I did a hearing 413 00:23:18,760 --> 00:23:22,200 Speaker 1: on it in Congress, I didn't feel too intimidated. When 414 00:23:22,200 --> 00:23:25,000 Speaker 1: I knew that Bill Gates had said quantum computing is 415 00:23:25,040 --> 00:23:28,040 Speaker 1: even even difficult for him to understand, I said, Okay, 416 00:23:28,040 --> 00:23:30,240 Speaker 1: good another the only one. But we know we're in 417 00:23:30,320 --> 00:23:33,480 Speaker 1: competition with China that we want to invest more, and 418 00:23:33,560 --> 00:23:36,159 Speaker 1: that's what Cathy's bills are doing in some of the 419 00:23:36,200 --> 00:23:38,440 Speaker 1: other members. And I think one of the things you're 420 00:23:38,440 --> 00:23:41,919 Speaker 1: going to see now is more investment, and then you 421 00:23:42,040 --> 00:23:47,720 Speaker 1: partner with the companies because our tech companies are investing 422 00:23:47,840 --> 00:23:51,119 Speaker 1: in R and D billions every year, so they're keeping 423 00:23:51,200 --> 00:23:54,520 Speaker 1: us competitive with China by their private sector investment. So 424 00:23:54,560 --> 00:23:58,040 Speaker 1: if we do more public sector investment to SEO, then 425 00:23:58,080 --> 00:24:01,560 Speaker 1: together we'll be able to stay competitive with China. And 426 00:24:01,600 --> 00:24:04,360 Speaker 1: I think after all of this, it's even more important 427 00:24:04,840 --> 00:24:07,560 Speaker 1: that we know. And when you talk about wanting to 428 00:24:07,600 --> 00:24:09,560 Speaker 1: know data and everything, a lot of us would have 429 00:24:09,600 --> 00:24:11,520 Speaker 1: liked to have known, Hey, could you get a little 430 00:24:11,520 --> 00:24:13,960 Speaker 1: bit more information about what we're going on in China? 431 00:24:14,040 --> 00:24:16,080 Speaker 1: And all of this was going down, Maybe a little 432 00:24:16,119 --> 00:24:21,720 Speaker 1: bit more intelligence, maybe a little bit more you know, transparency, 433 00:24:21,760 --> 00:24:24,120 Speaker 1: temperature taking, and all the things that we're going on 434 00:24:24,200 --> 00:24:27,480 Speaker 1: things that um, you know. I I also used to 435 00:24:27,520 --> 00:24:31,440 Speaker 1: work with people at the National Geospatial Intelligence Agency, which 436 00:24:31,680 --> 00:24:34,119 Speaker 1: you know look looks about all the other things that 437 00:24:34,119 --> 00:24:36,280 Speaker 1: are going on in the world, and certainly our intelligence 438 00:24:36,280 --> 00:24:38,520 Speaker 1: community does. And that's why we want to have the 439 00:24:38,560 --> 00:24:43,080 Speaker 1: top technology. So in the intelligence world we stay ahead too. Yeah, 440 00:24:43,119 --> 00:24:46,000 Speaker 1: I mean so incredibly important. Barbara comp stocks on the line, 441 00:24:46,280 --> 00:24:48,880 Speaker 1: and just just just to follow up on that, I mean, 442 00:24:49,720 --> 00:24:52,520 Speaker 1: you break that down. So simply to understand of the 443 00:24:52,560 --> 00:24:55,919 Speaker 1: twenty tech or companies in the world, the twenty largest 444 00:24:55,920 --> 00:24:58,800 Speaker 1: tech companies in the world, eleven are American and the 445 00:24:58,840 --> 00:25:02,240 Speaker 1: other eight or nine are the other nine are our Chinese. 446 00:25:02,680 --> 00:25:05,840 Speaker 1: I mean that the European Union has regulated themselves out 447 00:25:05,880 --> 00:25:08,960 Speaker 1: of having any of those top and they go after 448 00:25:09,080 --> 00:25:12,960 Speaker 1: hours to unfortunately, So what is so the from from 449 00:25:12,960 --> 00:25:16,520 Speaker 1: from a simple perspective, China comes in and they say, hey, 450 00:25:16,560 --> 00:25:18,280 Speaker 1: we'll offer you this at a lower price, but you're 451 00:25:18,280 --> 00:25:20,760 Speaker 1: gonna have to you know, it's gonna cost you in 452 00:25:20,840 --> 00:25:24,160 Speaker 1: terms of democratic values. But from the U S perspective, 453 00:25:24,240 --> 00:25:27,600 Speaker 1: what is our advantage, what's our what's our power when 454 00:25:27,640 --> 00:25:31,680 Speaker 1: we are making our sales pitch to Europe well that 455 00:25:31,800 --> 00:25:35,879 Speaker 1: I think, you know, because of those democratic principles that 456 00:25:35,960 --> 00:25:39,439 Speaker 1: we have, you know, the free market, entrepreneurial and that 457 00:25:39,520 --> 00:25:42,320 Speaker 1: we are protecting our citizens. They aren't. It's not We're 458 00:25:42,320 --> 00:25:46,320 Speaker 1: not a surveillance state. And you know, I mentioned the numbers. 459 00:25:46,440 --> 00:25:48,679 Speaker 1: You know, the Chinese government has invested two hundred and 460 00:25:48,720 --> 00:25:51,720 Speaker 1: fifty four billion, and then as I mentioned, you know, 461 00:25:51,720 --> 00:25:56,159 Speaker 1: the top five tech companies, they've done billion compared to 462 00:25:56,400 --> 00:26:01,879 Speaker 1: then the our US federal investment is about the same. 463 00:26:02,320 --> 00:26:04,960 Speaker 1: So you can you see we need to up our 464 00:26:05,240 --> 00:26:08,280 Speaker 1: numbers there. That's what um the Republican bills are about. 465 00:26:08,280 --> 00:26:11,080 Speaker 1: But I think those will be bipartisans. But it's also 466 00:26:11,480 --> 00:26:14,600 Speaker 1: something as we look at everything that's got on here, 467 00:26:14,680 --> 00:26:17,120 Speaker 1: why we're going to want to do that. And then 468 00:26:17,160 --> 00:26:20,760 Speaker 1: as you know, we could be optimistic, although I would 469 00:26:20,920 --> 00:26:23,640 Speaker 1: be in the Reagan you know, trust but verified, well 470 00:26:23,840 --> 00:26:26,760 Speaker 1: don't trust yet and verified. When you're talking about China, 471 00:26:27,359 --> 00:26:30,639 Speaker 1: is that maybe as they see Europe moving away from them, 472 00:26:30,720 --> 00:26:33,600 Speaker 1: if they want to remain competitive or stay in the game, 473 00:26:33,720 --> 00:26:36,840 Speaker 1: they will have to adopt a lot of these principles 474 00:26:36,880 --> 00:26:39,479 Speaker 1: that we are going to make a priority in the 475 00:26:39,720 --> 00:26:43,560 Speaker 1: in the Western democracy. All Right, Barbara Coomstock, former Virginia 476 00:26:43,760 --> 00:26:48,840 Speaker 1: Republican Congressman Senior advisor A Baker Donaldson, appreciate you calling in. 477 00:26:48,920 --> 00:26:51,520 Speaker 1: Up Next, we talk about space offs. I'm Kevin Sirley. 478 00:26:51,560 --> 00:27:02,119 Speaker 1: You're listening to Bloomberg one. This is Bloomberg Sound On 479 00:27:02,440 --> 00:27:06,800 Speaker 1: with Kevin Surley on Bloomberg and one or five point 480 00:27:06,880 --> 00:27:10,920 Speaker 1: seven f m HD two. When I was a kid 481 00:27:11,400 --> 00:27:18,520 Speaker 1: growing up in Delko, I was but was obsessed with space. 482 00:27:18,920 --> 00:27:22,040 Speaker 1: I put those little glowy stars on my ceiling. My 483 00:27:22,160 --> 00:27:25,720 Speaker 1: dad bought me a telescope. I watched Independence Day, ar 484 00:27:25,800 --> 00:27:28,959 Speaker 1: mcgeddon Interstellar that only came out a couple of years ago. 485 00:27:29,000 --> 00:27:31,639 Speaker 1: I must have seen Interstellar like eight million times alone 486 00:27:31,680 --> 00:27:34,320 Speaker 1: in the movie theater. I love it. I love it, 487 00:27:34,600 --> 00:27:38,040 Speaker 1: and I am so excited, so jed, I've been looking 488 00:27:38,040 --> 00:27:41,639 Speaker 1: forward to this all day to interview a former astronaut. 489 00:27:41,720 --> 00:27:44,200 Speaker 1: And I don't I don't like saying former. Once you're 490 00:27:44,240 --> 00:27:46,879 Speaker 1: you go to space, you go infinity and beyond, you 491 00:27:47,280 --> 00:27:51,159 Speaker 1: leave the orbit. You're an astronaut. Okay, leroy Chow's on 492 00:27:51,200 --> 00:27:55,159 Speaker 1: the line, and he's a NASA astronaut and International Space 493 00:27:55,200 --> 00:27:58,920 Speaker 1: Station commander, co founder and the CEO of one orbit. 494 00:27:59,119 --> 00:28:00,760 Speaker 1: He gives a bunch of key know, it's a training 495 00:28:00,800 --> 00:28:04,119 Speaker 1: companies and schools, and I'm so incredible. I'm so incredibly grateful, 496 00:28:04,119 --> 00:28:06,280 Speaker 1: and I know I gotta stick to SpaceX and Elon 497 00:28:06,359 --> 00:28:07,840 Speaker 1: must had delayed the launch. I want to get to 498 00:28:07,880 --> 00:28:09,720 Speaker 1: that in the second. Blah blah blah blah blah. What 499 00:28:09,920 --> 00:28:14,440 Speaker 1: was it like to go into space? Le Roy? I 500 00:28:14,560 --> 00:28:17,640 Speaker 1: was a childhood dream come true, that's for sure. I well, 501 00:28:17,720 --> 00:28:19,440 Speaker 1: I we landed on the Moon when I was eight 502 00:28:19,520 --> 00:28:22,760 Speaker 1: years old, and I'll never forget that moment, and that's 503 00:28:22,800 --> 00:28:25,200 Speaker 1: what inspired me to want to become an astronaut myself. 504 00:28:25,560 --> 00:28:28,600 Speaker 1: Even before that, I was always fascinated by airplanes and 505 00:28:28,720 --> 00:28:33,120 Speaker 1: rockets and flying machines, and so I studied engineering, which 506 00:28:33,320 --> 00:28:35,240 Speaker 1: was a natural course for me because I also was 507 00:28:35,280 --> 00:28:38,560 Speaker 1: interested in technical things, and that qualified me to apply 508 00:28:38,680 --> 00:28:42,040 Speaker 1: to NASA after I got my degrees and started working 509 00:28:42,080 --> 00:28:46,080 Speaker 1: for a while. So um, yeah, it was a great experience, 510 00:28:46,120 --> 00:28:48,680 Speaker 1: and years later, getting to getting up into space for 511 00:28:48,720 --> 00:28:52,200 Speaker 1: the very first time was very emotional event, as you 512 00:28:52,240 --> 00:28:54,000 Speaker 1: might imagine. You know, got up there and I looked 513 00:28:54,000 --> 00:28:56,160 Speaker 1: back at the Earth and and you know, you're in 514 00:28:56,160 --> 00:28:58,120 Speaker 1: a weird place. Because you're floating, first of all, and 515 00:28:58,160 --> 00:29:01,520 Speaker 1: everything's floating. And look back at the Earth and saw 516 00:29:01,520 --> 00:29:03,720 Speaker 1: how beautiful and bright the colors were. And I saw 517 00:29:03,800 --> 00:29:06,760 Speaker 1: that the on the horizon, what we call the earth limb, 518 00:29:07,280 --> 00:29:10,240 Speaker 1: the sunlight passing through the atmosphere just makes it glow 519 00:29:10,280 --> 00:29:14,719 Speaker 1: these incredible bright shades of blue. And it was just 520 00:29:14,920 --> 00:29:17,520 Speaker 1: emotional getting up there, you know, for the first time, 521 00:29:17,560 --> 00:29:20,640 Speaker 1: and then having that view, so just a wonderful experience. 522 00:29:20,760 --> 00:29:25,360 Speaker 1: Was it lonely? No, actually was not lonely. I mean 523 00:29:25,360 --> 00:29:28,080 Speaker 1: you're there with crewmates. You know. The last person to 524 00:29:28,120 --> 00:29:32,320 Speaker 1: fly into space alone was um, um, let's see, who's 525 00:29:32,720 --> 00:29:36,040 Speaker 1: Gordon Cooper, you know, from the Mercury program and so 526 00:29:36,240 --> 00:29:39,560 Speaker 1: you we've always had crewmates with us on every space 527 00:29:39,640 --> 00:29:43,080 Speaker 1: flight ever since. And so, and you're also very busy, 528 00:29:43,120 --> 00:29:45,920 Speaker 1: of course, the time and space is valuable. You're you're 529 00:29:46,000 --> 00:29:48,320 Speaker 1: literally scheduled down to the minute to get as much 530 00:29:48,400 --> 00:29:51,160 Speaker 1: science or as much work done in space as you can. 531 00:29:51,640 --> 00:29:54,080 Speaker 1: Even on a space station mission, your time is is 532 00:29:54,160 --> 00:29:57,720 Speaker 1: literally scheduled down to the minute. Wow. Fascinating. And what's 533 00:29:57,720 --> 00:29:59,960 Speaker 1: the what's that give me before we go to on us? 534 00:30:00,240 --> 00:30:03,240 Speaker 1: Give me the funniest thing that happened to you when 535 00:30:03,280 --> 00:30:07,400 Speaker 1: you were out of this world. Well, the funniest thing 536 00:30:07,840 --> 00:30:11,479 Speaker 1: it was actually my first mission. We uh, you know, 537 00:30:11,920 --> 00:30:14,160 Speaker 1: you're you're just kind of an awe of everything, of course. 538 00:30:14,240 --> 00:30:17,080 Speaker 1: And and one day I was looking out the window 539 00:30:17,240 --> 00:30:18,840 Speaker 1: and I was looking not at the Earth, but I 540 00:30:18,880 --> 00:30:22,560 Speaker 1: was looking up into into deep space, and uh, I 541 00:30:22,600 --> 00:30:24,719 Speaker 1: saw what I thought was a satellite, you know, And 542 00:30:24,720 --> 00:30:27,120 Speaker 1: if you seemed satellites here on Earth, you could look 543 00:30:27,200 --> 00:30:28,520 Speaker 1: up in the night sky, if you're up in the 544 00:30:28,560 --> 00:30:30,960 Speaker 1: mountains and it's dark and it's the right lighting, you 545 00:30:30,960 --> 00:30:33,680 Speaker 1: can see the sunlight reflecting off the satellite watching travel 546 00:30:33,720 --> 00:30:37,080 Speaker 1: across the sky. So that's what I thought. I was saying, 547 00:30:37,200 --> 00:30:38,960 Speaker 1: you know, it didn't make any sense. And I looked 548 00:30:39,000 --> 00:30:41,440 Speaker 1: at it, and it looked like the satellite way way 549 00:30:41,480 --> 00:30:48,800 Speaker 1: way above us. And and I knew from orbital mechanics 550 00:30:48,800 --> 00:30:50,720 Speaker 1: that if the star was above us, it should have 551 00:30:50,880 --> 00:30:53,040 Speaker 1: it should be falling behind, but it was keeping up 552 00:30:53,040 --> 00:30:56,800 Speaker 1: with us. And that's just you know, that's really not possible, right, 553 00:30:56,880 --> 00:30:59,280 Speaker 1: So I'm like, that is so weird. And so I 554 00:30:59,320 --> 00:31:01,840 Speaker 1: called my crew made up to take a look and 555 00:31:01,960 --> 00:31:04,080 Speaker 1: used to look look at that satellite. It's it's keeping 556 00:31:04,160 --> 00:31:06,160 Speaker 1: up for this, but it looks like it's really way 557 00:31:06,240 --> 00:31:09,200 Speaker 1: up there. And we looked at it for about thirty 558 00:31:09,200 --> 00:31:11,120 Speaker 1: seconds and then we realized we were looking at a 559 00:31:11,120 --> 00:31:13,720 Speaker 1: speck of dust about three ft from the window that 560 00:31:13,840 --> 00:31:19,280 Speaker 1: was being brightly. Oh my gosh, you're like, you're all 561 00:31:19,280 --> 00:31:21,120 Speaker 1: that trading and it's just a little it's a little 562 00:31:21,160 --> 00:31:25,640 Speaker 1: dusty up there. The thing is, when you're on the 563 00:31:25,680 --> 00:31:27,600 Speaker 1: sun side of the orbit and you look off into 564 00:31:27,680 --> 00:31:30,080 Speaker 1: deep space, it's just the darkest plaque you can imagine, 565 00:31:30,080 --> 00:31:32,520 Speaker 1: and you lose all your depth perception. And that that's 566 00:31:32,520 --> 00:31:34,600 Speaker 1: a good example of how your depth perception is just 567 00:31:34,640 --> 00:31:37,600 Speaker 1: gone because you have no background and so you know, 568 00:31:37,680 --> 00:31:40,240 Speaker 1: it's just that little speck of dust brightly lit. I 569 00:31:40,240 --> 00:31:44,280 Speaker 1: thought it was a satellite, like, you know, miles away, 570 00:31:44,600 --> 00:31:47,400 Speaker 1: ten thousand miles away. What is the first thing you 571 00:31:47,400 --> 00:31:50,880 Speaker 1: do when you got back on Earth? Uh, well, first 572 00:31:50,880 --> 00:31:52,400 Speaker 1: thing you do you know you're coming back to Earth. 573 00:31:52,520 --> 00:31:54,959 Speaker 1: Is pretty weird too, because even after a short Shuttle 574 00:31:54,960 --> 00:31:58,280 Speaker 1: mission of one or two weeks, your body forgets how 575 00:31:58,320 --> 00:32:00,760 Speaker 1: to you know what to do in grab you know, 576 00:32:00,840 --> 00:32:03,239 Speaker 1: you adapt to the space environment and your for your 577 00:32:03,280 --> 00:32:05,880 Speaker 1: body for guests and so first time I stood up, 578 00:32:06,400 --> 00:32:10,040 Speaker 1: I felt about five times heavier than I expected. Um, 579 00:32:10,120 --> 00:32:12,120 Speaker 1: and then you know you're you're super dizzy when you 580 00:32:12,160 --> 00:32:14,520 Speaker 1: stand up, and your your inner ear, your battle system 581 00:32:14,600 --> 00:32:16,560 Speaker 1: is messed up, and it takes you a couple of 582 00:32:16,680 --> 00:32:19,920 Speaker 1: days for that to come back. And uh, you know, 583 00:32:20,120 --> 00:32:22,480 Speaker 1: it's it's hard to walk a straight line, and you 584 00:32:22,520 --> 00:32:24,440 Speaker 1: can feel and of course that can this all this 585 00:32:24,560 --> 00:32:26,640 Speaker 1: can make you feel kind of sick cautious, you know, 586 00:32:26,720 --> 00:32:29,880 Speaker 1: and so you're not necessarily feeling so hot. And uh, 587 00:32:30,640 --> 00:32:34,120 Speaker 1: also you can think you've seen astronauts come back and 588 00:32:34,200 --> 00:32:36,640 Speaker 1: stand up to say a few words and and down 589 00:32:36,720 --> 00:32:39,840 Speaker 1: they go. And that's because your your legs, even in 590 00:32:39,880 --> 00:32:41,719 Speaker 1: that short period of time of a few days, your 591 00:32:41,840 --> 00:32:45,040 Speaker 1: legs have forgotten how to constrict the veins when you 592 00:32:45,080 --> 00:32:47,680 Speaker 1: stand up to keep the blood from brushing out of 593 00:32:47,680 --> 00:32:49,640 Speaker 1: your head, you know. And it takes a couple of 594 00:32:49,720 --> 00:32:51,600 Speaker 1: days for your for your body to learn how to 595 00:32:51,640 --> 00:32:53,960 Speaker 1: do all that stuff again. Leroy Chiles on the line. 596 00:32:54,000 --> 00:32:57,640 Speaker 1: He's a NASA astronaut and International Space Station Commander, GO 597 00:32:57,800 --> 00:33:00,520 Speaker 1: founder and the CEO of one Orbit for Thin Keynotes 598 00:33:00,520 --> 00:33:03,480 Speaker 1: and training companies in schools. Okay, what's going on? With 599 00:33:03,520 --> 00:33:07,880 Speaker 1: the Elon Musk spaces space X, NASA and the big 600 00:33:07,960 --> 00:33:10,000 Speaker 1: launch that was supposed to be today but they deleted it. 601 00:33:10,040 --> 00:33:13,520 Speaker 1: What do we know, right, So big disappointment. Of course, 602 00:33:13,880 --> 00:33:18,040 Speaker 1: weather constraints. There was lightning, There was lightning, there were 603 00:33:18,080 --> 00:33:21,160 Speaker 1: some low clouds, and they basically just you know, they 604 00:33:21,160 --> 00:33:23,640 Speaker 1: couldn't launch. The flight rules are there for a reason, 605 00:33:24,000 --> 00:33:25,480 Speaker 1: and you have to have a really good reason to 606 00:33:25,600 --> 00:33:28,240 Speaker 1: violate the flight rules, and they just couldn't get there. 607 00:33:28,240 --> 00:33:30,720 Speaker 1: It was an instantaneous launch window, which means they needed 608 00:33:30,760 --> 00:33:33,960 Speaker 1: to launch basically when the space station was passing overhead 609 00:33:34,240 --> 00:33:37,760 Speaker 1: so that they get into the right orbital plane to 610 00:33:37,800 --> 00:33:40,360 Speaker 1: be able to actually reach the space station. And so 611 00:33:40,520 --> 00:33:44,480 Speaker 1: we'll recycle and try again for Saturday. Great partnership between 612 00:33:44,520 --> 00:33:49,240 Speaker 1: SpaceX and NASA. I'm intimately familiar with with that partnership 613 00:33:49,320 --> 00:33:54,000 Speaker 1: because I served on the NASA Advisory Council Human Exploration 614 00:33:54,040 --> 00:33:57,560 Speaker 1: and Operations Committee for oh gosh, I think around almost 615 00:33:58,520 --> 00:34:02,920 Speaker 1: eleven years or so. And similarly, I served on SpaceX 616 00:34:03,080 --> 00:34:06,840 Speaker 1: Safety Advisory Panel from two thousand and twelve until just 617 00:34:06,880 --> 00:34:10,279 Speaker 1: a few weeks ago when the panel we all unanimously 618 00:34:10,400 --> 00:34:13,319 Speaker 1: agreed that they had covered everything we're ready to fly. 619 00:34:13,880 --> 00:34:16,439 Speaker 1: And that's when our panel was disbanded because our charter 620 00:34:16,560 --> 00:34:19,759 Speaker 1: was to get to this first mission. So what is 621 00:34:19,760 --> 00:34:22,520 Speaker 1: this gonna do to talk to the to the to 622 00:34:22,600 --> 00:34:25,280 Speaker 1: the average person, you know, coming home from work. Why 623 00:34:25,440 --> 00:34:28,440 Speaker 1: why should there's so many problems on Earth? Why should 624 00:34:28,480 --> 00:34:31,799 Speaker 1: we care about NASA and SpaceX collaborating. What is it 625 00:34:31,840 --> 00:34:35,600 Speaker 1: gonna do for America? Well, there are a lot of 626 00:34:35,600 --> 00:34:37,640 Speaker 1: problems on the Earth and there always will be a 627 00:34:37,640 --> 00:34:39,200 Speaker 1: lot of problems on the Earth. And if you look 628 00:34:39,239 --> 00:34:41,200 Speaker 1: at the amount of money that we spend on space 629 00:34:41,239 --> 00:34:44,960 Speaker 1: exploration right now, it's it's it's been floating for decades, 630 00:34:45,239 --> 00:34:48,200 Speaker 1: about one half of one per cent of the u 631 00:34:48,280 --> 00:34:52,200 Speaker 1: S budget. So even if you completely eliminated the space program, 632 00:34:52,480 --> 00:34:54,719 Speaker 1: you took that one half of one per cent of 633 00:34:54,760 --> 00:34:57,560 Speaker 1: the u S budget and you put it into social programs, 634 00:34:57,680 --> 00:34:59,560 Speaker 1: you're not going to make a difference. It's really not 635 00:34:59,600 --> 00:35:01,719 Speaker 1: going to make much difference at all. And so what 636 00:35:01,760 --> 00:35:04,120 Speaker 1: do we get out of the space program? Well, first 637 00:35:04,160 --> 00:35:06,200 Speaker 1: of all, you get it, you know, space program as 638 00:35:06,200 --> 00:35:10,480 Speaker 1: a technology driver, and so you know, you develop technologies 639 00:35:10,520 --> 00:35:13,640 Speaker 1: that's spin off into the rest of the people here 640 00:35:13,680 --> 00:35:16,440 Speaker 1: on the Earth. You know, and for example, the Apollo 641 00:35:16,480 --> 00:35:21,800 Speaker 1: program drove the development of microelectronics and computers and lightweight materials, 642 00:35:21,880 --> 00:35:24,520 Speaker 1: lightweight and strong materials, just to name a few. And 643 00:35:24,560 --> 00:35:26,960 Speaker 1: so those are the reasons, the technical, you know, the 644 00:35:27,040 --> 00:35:30,280 Speaker 1: kind of the rational reasons why you have a space program. 645 00:35:30,480 --> 00:35:34,160 Speaker 1: But the intangible, I think is even more important. First 646 00:35:34,200 --> 00:35:38,640 Speaker 1: of all, human space program especially gives a country national prestige. 647 00:35:38,680 --> 00:35:41,640 Speaker 1: He gives you know, a country national pride. Um. I 648 00:35:41,680 --> 00:35:44,239 Speaker 1: remember after Apollo eleven landed on the Moon, just how 649 00:35:44,280 --> 00:35:47,360 Speaker 1: proud Americans were, and people around the world actually, you know, 650 00:35:47,400 --> 00:35:49,680 Speaker 1: they all look really good. And this this a cheata 651 00:35:49,800 --> 00:35:53,240 Speaker 1: for humanity. And also more important, I think it inspires 652 00:35:53,280 --> 00:35:55,959 Speaker 1: the next generation just like it inspired me and maybe 653 00:35:56,120 --> 00:35:59,759 Speaker 1: want to work harder and dream dream bigger dreams and 654 00:36:00,000 --> 00:36:02,279 Speaker 1: how to reach those dreams. You know. So and it's 655 00:36:02,320 --> 00:36:05,560 Speaker 1: not just about space and technology. Um. I think even 656 00:36:05,640 --> 00:36:07,440 Speaker 1: after the you know, and I'm thinking back again to 657 00:36:07,520 --> 00:36:10,920 Speaker 1: my own childhood around the Apollo time frame, you know, 658 00:36:10,960 --> 00:36:15,000 Speaker 1: it inspired musicians and inspired artists, inspired everybody to to 659 00:36:15,120 --> 00:36:17,279 Speaker 1: try a little harder and reach a little higher, you 660 00:36:17,320 --> 00:36:19,440 Speaker 1: know what I think. I mean, that's great, and I agree, 661 00:36:19,480 --> 00:36:22,000 Speaker 1: I mean, I'm I'm a space junkie. I love this stuff, 662 00:36:22,120 --> 00:36:23,759 Speaker 1: but you know what I think, for what it's worth, 663 00:36:23,800 --> 00:36:26,520 Speaker 1: I think the more we know about our place in 664 00:36:26,800 --> 00:36:30,600 Speaker 1: the galaxy, in the universe, the more science that we understand, 665 00:36:30,640 --> 00:36:32,920 Speaker 1: maybe we can take better care of this planet, especially 666 00:36:32,960 --> 00:36:36,399 Speaker 1: with TEA. You know, maybe there's no absolutely and from 667 00:36:36,400 --> 00:36:39,200 Speaker 1: a practical standpoint, but just from a from a bottom line, 668 00:36:39,200 --> 00:36:43,000 Speaker 1: from a CEO perspective, from the c speed executive level perspective, 669 00:36:43,400 --> 00:36:47,440 Speaker 1: why is this public private partnership NASA and Elon Musk, NASA, 670 00:36:47,600 --> 00:36:53,239 Speaker 1: NASA and SpaceX working together. What does that show? Right? 671 00:36:53,360 --> 00:36:56,359 Speaker 1: So what happened there is you know this this came 672 00:36:56,400 --> 00:36:58,960 Speaker 1: out of again. I served on a committee in two 673 00:36:58,960 --> 00:37:00,840 Speaker 1: thousand and eight, two thousand and that was formed by 674 00:37:00,880 --> 00:37:03,400 Speaker 1: the White House called the Review of US Human space 675 00:37:03,400 --> 00:37:06,480 Speaker 1: Flight Plans, and we put to put forth this option 676 00:37:06,520 --> 00:37:09,399 Speaker 1: to the administration that said, hey, you gotta look at 677 00:37:09,560 --> 00:37:14,200 Speaker 1: having UH commercial companies developed spacecraft and let them take 678 00:37:14,239 --> 00:37:17,160 Speaker 1: over the business of taking astronauts to and from the 679 00:37:17,200 --> 00:37:21,480 Speaker 1: space station, you know, and and that way NAPPIC and 680 00:37:21,600 --> 00:37:24,920 Speaker 1: concentrate on going farther and deeper into space, and they 681 00:37:24,960 --> 00:37:27,480 Speaker 1: can contract for these services. So that's how this commercial 682 00:37:27,480 --> 00:37:32,239 Speaker 1: crew program was born, and so SpaceX and Boeing are 683 00:37:32,280 --> 00:37:37,080 Speaker 1: both developing human spacecraft. SpaceX unfortunately didn't get to fly today, 684 00:37:37,120 --> 00:37:40,600 Speaker 1: but hopefully they'll get to fly on Saturday. Boeing hopefully 685 00:37:40,640 --> 00:37:43,239 Speaker 1: won't be too far behind, uh you know, who knows, 686 00:37:43,280 --> 00:37:45,080 Speaker 1: maybe by the end of the year or something like that. 687 00:37:45,520 --> 00:37:49,680 Speaker 1: But anyway, this in principle should save MASSA money, so 688 00:37:49,760 --> 00:37:52,560 Speaker 1: that that's a good thing. And it will also this 689 00:37:52,760 --> 00:37:57,120 Speaker 1: public private um collaboration is unprecedented in the space world, 690 00:37:57,480 --> 00:38:01,520 Speaker 1: and we got to a new spacecraft much faster than 691 00:38:01,640 --> 00:38:04,200 Speaker 1: we have just you know, and then we would have 692 00:38:04,320 --> 00:38:07,359 Speaker 1: if NASA had just contracted and tried to build, uh 693 00:38:07,840 --> 00:38:11,120 Speaker 1: build another spacecraft through traditional mean now what that means 694 00:38:11,200 --> 00:38:13,800 Speaker 1: is Elon Musk of course wants to go to Mars. 695 00:38:14,280 --> 00:38:16,040 Speaker 1: He wants to go to Mars. He said he created 696 00:38:16,080 --> 00:38:19,040 Speaker 1: SpaceX specifically because he wants to put colonies on Mars 697 00:38:19,239 --> 00:38:21,759 Speaker 1: and he himself wants to live on Mars. And so 698 00:38:22,000 --> 00:38:23,839 Speaker 1: NASA of course has been talking to go to Mars 699 00:38:23,840 --> 00:38:28,120 Speaker 1: since nineteen nine and we thought for sure by being 700 00:38:28,120 --> 00:38:32,799 Speaker 1: on Mars, but this could drive it a lot more 701 00:38:32,880 --> 00:38:37,520 Speaker 1: quickly if it's a collaboration, if NASA collaborates with Elon Musk. 702 00:38:37,560 --> 00:38:41,520 Speaker 1: Building on the collaboration of leading up to today's attempt 703 00:38:41,560 --> 00:38:44,800 Speaker 1: at launch, we may we may get to Mars more quickly. 704 00:38:45,120 --> 00:38:46,840 Speaker 1: You know what I want to go. I want to do, 705 00:38:46,960 --> 00:38:50,080 Speaker 1: Hey Bloomberg, I want to do a live shot from space. 706 00:38:50,360 --> 00:38:52,840 Speaker 1: And I've said it a million times on this program. 707 00:38:53,160 --> 00:38:55,160 Speaker 1: I want to go, you know, I want to see 708 00:38:55,480 --> 00:38:57,800 Speaker 1: I watched that documentary. I think it's on YouTube. I 709 00:38:58,000 --> 00:38:59,600 Speaker 1: shouldn't have said that because I'm not sure where it is, 710 00:38:59,600 --> 00:39:02,840 Speaker 1: which plot one, but the one where they talked about 711 00:39:02,920 --> 00:39:05,799 Speaker 1: the Earth effects. And I'm probably butchering it. But when 712 00:39:05,840 --> 00:39:08,960 Speaker 1: you see the planet from outer space and how that changes, 713 00:39:09,400 --> 00:39:12,120 Speaker 1: you know, you're the astronaut effects and how and how 714 00:39:12,160 --> 00:39:14,960 Speaker 1: that stage I think I think, yeah, that that was 715 00:39:15,000 --> 00:39:17,520 Speaker 1: a term that was coined fairly recently, just maybe a 716 00:39:17,560 --> 00:39:21,359 Speaker 1: year or two ago, called the overview effect. That is effect, yeah, 717 00:39:21,440 --> 00:39:24,839 Speaker 1: and and I definitely experienced that, you know, lash back 718 00:39:24,920 --> 00:39:27,720 Speaker 1: in twenty six years ago when I flew my first mission. 719 00:39:28,080 --> 00:39:30,759 Speaker 1: I definitely experienced bad effects looking down at the Earth 720 00:39:30,800 --> 00:39:34,200 Speaker 1: and the vastness of space and our own Earth and 721 00:39:34,239 --> 00:39:37,000 Speaker 1: how peaceful our Earth looks. You know, if you get 722 00:39:37,040 --> 00:39:40,759 Speaker 1: that bigger perspective. Yeah, Leroy Chow, come on anytime you want. 723 00:39:40,880 --> 00:39:42,880 Speaker 1: Let's talk after the launch. Thank you, my friend for 724 00:39:42,960 --> 00:39:45,960 Speaker 1: joining us. From NASA astronaut and International Space Station commander, 725 00:39:46,000 --> 00:39:49,080 Speaker 1: co founder and the CEO of one Orbit Resetting. I'm 726 00:39:49,160 --> 00:39:51,800 Speaker 1: Kevin Sarelli, Chief Washington correspondit from Bloomberg TV and Radio, 727 00:39:52,080 --> 00:39:55,560 Speaker 1: and earlier today I spoke with morgen Or Tegas, the 728 00:39:55,800 --> 00:39:58,400 Speaker 1: spokesperson for the States Department, and take a listen to 729 00:39:58,400 --> 00:40:01,279 Speaker 1: our interview. So early here today, Secretary of State Mike 730 00:40:01,280 --> 00:40:04,840 Speaker 1: Pompeo making an announcement about how the United States recognize 731 00:40:04,840 --> 00:40:07,080 Speaker 1: as Hong Kong to Congress. What tell me about the 732 00:40:07,080 --> 00:40:10,680 Speaker 1: announcement and what it means. Yeah, thanks for having me, Kevin. 733 00:40:10,719 --> 00:40:14,200 Speaker 1: This is an incredibly important announcement by the Secretary of State, 734 00:40:14,560 --> 00:40:19,360 Speaker 1: um and principally because since we have not had to 735 00:40:19,360 --> 00:40:22,920 Speaker 1: to certify what the Secretary did today. Essentially that we 736 00:40:22,960 --> 00:40:25,840 Speaker 1: are saying that Hong Kong does not continue to warrant 737 00:40:25,840 --> 00:40:29,040 Speaker 1: treatment under US law and this same manner that US 738 00:40:29,120 --> 00:40:33,719 Speaker 1: laws were applied to Hong Kong before July first, So 739 00:40:34,040 --> 00:40:37,000 Speaker 1: what does that mean? Essentially, what that means is that 740 00:40:37,040 --> 00:40:39,719 Speaker 1: we can no longer in good conscious, the Secretary State 741 00:40:39,760 --> 00:40:43,359 Speaker 1: can no longer certify that Hong Kong enjoys the high 742 00:40:43,360 --> 00:40:47,480 Speaker 1: degree of autonomy. UH. This is this is incredibly important. 743 00:40:47,480 --> 00:40:51,040 Speaker 1: It's something that this administration looked at for a very 744 00:40:51,120 --> 00:40:53,359 Speaker 1: long time. We've been looking at this since last March. 745 00:40:53,440 --> 00:40:56,680 Speaker 1: So last March is required by US law. We submitted 746 00:40:56,680 --> 00:41:00,880 Speaker 1: the report to Congress the State Department did regarding Kong's autonomy. 747 00:41:00,920 --> 00:41:04,279 Speaker 1: We delayed that report this year because we saw things like, uh, 748 00:41:04,320 --> 00:41:07,400 Speaker 1: the extradition law in Hong Kong that that started all 749 00:41:07,520 --> 00:41:10,040 Speaker 1: the protests that you've seen for the last year, especially 750 00:41:10,120 --> 00:41:14,000 Speaker 1: last summer, we saw arbitrary arrest right, we saw pro 751 00:41:14,120 --> 00:41:18,719 Speaker 1: democracy advocates that were arrested handy, heavy handed tactics against 752 00:41:18,719 --> 00:41:22,239 Speaker 1: those protests. UM. And since then we have seen things 753 00:41:22,239 --> 00:41:25,799 Speaker 1: like pro Beijing legislators have to have essentially taken over 754 00:41:25,840 --> 00:41:29,560 Speaker 1: without following the rules of lawmaking UM in in Hong 755 00:41:29,640 --> 00:41:32,239 Speaker 1: Kong's body of lawmakers. And then, of course, I think 756 00:41:32,640 --> 00:41:35,920 Speaker 1: the final drop in the bucket of many things is 757 00:41:36,200 --> 00:41:40,239 Speaker 1: the National People's Congress and China. UH indicated that they 758 00:41:40,280 --> 00:41:43,080 Speaker 1: would be meeting tomorrow and they are expected to pass 759 00:41:43,160 --> 00:41:46,839 Speaker 1: the National Security legislation as it relates to Hong Kong. UM, 760 00:41:46,880 --> 00:41:49,759 Speaker 1: and this essentially says that Honkong authorities can bypass the 761 00:41:49,800 --> 00:41:53,040 Speaker 1: basic law and so we could not the Secretary of 762 00:41:53,040 --> 00:41:56,000 Speaker 1: State could not in good conscious tell the United States 763 00:41:56,040 --> 00:42:02,120 Speaker 1: Congress that Hong Kong remains autonomous and Morgan, what about 764 00:42:02,120 --> 00:42:05,160 Speaker 1: the reaction from allies around the world. What about Europe 765 00:42:05,239 --> 00:42:08,000 Speaker 1: or other countries. Does the State Department believe other countries 766 00:42:08,280 --> 00:42:12,000 Speaker 1: are are going to do this as well? That's an 767 00:42:12,040 --> 00:42:15,480 Speaker 1: excellent question, um, Kevin. You know, listen, we really think 768 00:42:15,480 --> 00:42:19,640 Speaker 1: our message to democracies around the world, to freedom loving 769 00:42:19,640 --> 00:42:22,520 Speaker 1: people around the world, is that they have to look 770 00:42:22,560 --> 00:42:27,440 Speaker 1: at the trend, the transparency and credibility that's coming from China. 771 00:42:27,680 --> 00:42:29,960 Speaker 1: You have to ask yourself, you know, can you trust 772 00:42:30,000 --> 00:42:33,200 Speaker 1: the empty promises from the Chinese communist parties? You know, 773 00:42:33,280 --> 00:42:39,520 Speaker 1: Hong Kong was supposed to remain autonomous until and when 774 00:42:39,560 --> 00:42:42,840 Speaker 1: you look at the Chinese actions, Um, they demonstrate a 775 00:42:42,920 --> 00:42:46,200 Speaker 1: lack of transparency and credibility. I know that the desire 776 00:42:46,239 --> 00:42:48,319 Speaker 1: of most countries and and a lot of people in 777 00:42:48,320 --> 00:42:52,759 Speaker 1: the business community is is business as usual. Because Hong 778 00:42:52,840 --> 00:42:55,360 Speaker 1: Kong is such an important financial capital listen to the 779 00:42:55,440 --> 00:42:59,000 Speaker 1: United States. We have long term investments in Hong Kong. 780 00:42:59,360 --> 00:43:02,160 Speaker 1: Hong Kong's you know, the regional stability depends on Hong 781 00:43:02,280 --> 00:43:05,360 Speaker 1: Kong's autonomy. But we have to remember that it's the 782 00:43:05,520 --> 00:43:08,880 Speaker 1: series of actions that I just detailed over over the 783 00:43:08,920 --> 00:43:12,000 Speaker 1: past year, since last March, that again have put Hong 784 00:43:12,080 --> 00:43:16,880 Speaker 1: kong stability and prosperity in jeopardy more than we have 785 00:43:16,920 --> 00:43:18,520 Speaker 1: thirty seconds left. I just want to ask you this, 786 00:43:18,600 --> 00:43:21,200 Speaker 1: what's the timetable on Congress passing this legislation? Do you 787 00:43:21,239 --> 00:43:26,600 Speaker 1: expect it immediately? I think that there's pretty bipartisan consensus 788 00:43:26,600 --> 00:43:30,360 Speaker 1: in Washington right now, Um that the Chinese Communist Party 789 00:43:30,440 --> 00:43:34,399 Speaker 1: is threatening uh, free people in Hong Kong. They're they're 790 00:43:34,440 --> 00:43:38,160 Speaker 1: threatening democracy and and so we know that the President 791 00:43:38,200 --> 00:43:40,480 Speaker 1: has some actions that he also can consider to take 792 00:43:40,480 --> 00:43:42,200 Speaker 1: over the next few days. But I think there's a 793 00:43:42,200 --> 00:43:45,680 Speaker 1: pretty bipartisan consistus of Washington right now as it relates 794 00:43:45,719 --> 00:43:50,960 Speaker 1: to Hong Kong's autonomy or or lack thereof. Former that 795 00:43:51,080 --> 00:43:54,760 Speaker 1: was the spokesperson for the State's Department and for Secretary 796 00:43:54,800 --> 00:43:58,160 Speaker 1: of State, Mike Pompeia Morgan ortegas telling us right there 797 00:43:58,160 --> 00:44:01,120 Speaker 1: that they believe there is bipartisanship on this issue, and 798 00:44:01,160 --> 00:44:03,879 Speaker 1: based upon my reporting, she's absolutely correct. Folks. I talked 799 00:44:03,880 --> 00:44:08,200 Speaker 1: to a senior staffer to a prominent member of Democrat 800 00:44:08,280 --> 00:44:10,800 Speaker 1: in the House earlier this morning, and uh, the staffer, 801 00:44:10,840 --> 00:44:14,200 Speaker 1: A could just that headline crossing the Bloomberg terminal, red 802 00:44:14,239 --> 00:44:18,279 Speaker 1: headline crossing the Bloomberg Terminal, USA coronavirus depth surpass one 803 00:44:18,360 --> 00:44:22,799 Speaker 1: hundred thousand. This according to John's Hopkins, that doesn't for 804 00:44:22,840 --> 00:44:25,560 Speaker 1: me much more. Coming up next, I'm Kevin Cirelli, Chief 805 00:44:25,560 --> 00:44:28,880 Speaker 1: Washington correspondent for Bloomberg Television at the Blomberg Radio and remember, 806 00:44:29,080 --> 00:44:32,600 Speaker 1: keep it right here to Bloomberg wrote