1 00:00:02,120 --> 00:00:06,360 Speaker 1: Live from our nation's capital. This is Bloomberg sound On 2 00:00:07,680 --> 00:00:11,680 Speaker 1: talking about a huge issue here is investment in marginalized communities. 3 00:00:11,840 --> 00:00:14,840 Speaker 1: They want to deconstruct this package and cherry pick what 4 00:00:14,920 --> 00:00:18,200 Speaker 1: they like what they don't like. China is surgeon powered 5 00:00:18,239 --> 00:00:23,360 Speaker 1: with major investments. Bloomberg sound On. The insiders, the influencers, 6 00:00:23,440 --> 00:00:26,920 Speaker 1: the insides. Biden has promised again and again that he 7 00:00:27,080 --> 00:00:30,560 Speaker 1: will unite the country. Who do you think Biden has 8 00:00:30,640 --> 00:00:34,520 Speaker 1: to watch in terms of moderate detectors in protroductor has 9 00:00:34,640 --> 00:00:39,480 Speaker 1: always been by part offender Bloomberg sound On on Bloomberg Radio. 10 00:00:43,640 --> 00:00:46,159 Speaker 1: After an hour long meeting in the White House today, 11 00:00:46,320 --> 00:00:49,400 Speaker 1: we're looking for the conclusions, if any, reached by President 12 00:00:49,479 --> 00:00:53,840 Speaker 1: Joe Biden and Republican Senators on the infrastructure legislation, plus 13 00:00:53,920 --> 00:00:58,560 Speaker 1: another cyber half exposes vulnerabilities and yet another industry. What 14 00:00:58,760 --> 00:01:02,160 Speaker 1: the head of the Congressional Beef Caucus, thanks Congress, needs 15 00:01:02,200 --> 00:01:06,280 Speaker 1: to do. I'm Emily Wilkins. This is sound On. Joining 16 00:01:06,319 --> 00:01:09,560 Speaker 1: me now is Bloomberg Politics contributor Jeanie Shawn's you know, 17 00:01:09,959 --> 00:01:13,360 Speaker 1: And joining us on the line is Congressman Henry quay Are, 18 00:01:13,720 --> 00:01:17,360 Speaker 1: a Democrat from Texas and co chair of the Congressional 19 00:01:17,520 --> 00:01:20,959 Speaker 1: Beef Caucus. Congressman, I just want to start right away 20 00:01:20,959 --> 00:01:23,800 Speaker 1: with the JBS hack. You know, it produces nearly a 21 00:01:23,880 --> 00:01:26,600 Speaker 1: quarter of all beef in the country, and one of 22 00:01:26,640 --> 00:01:29,280 Speaker 1: the plants that was shut down was in your state 23 00:01:29,319 --> 00:01:31,520 Speaker 1: of Texas. I just want to start, if you can 24 00:01:31,520 --> 00:01:34,839 Speaker 1: sort of summit up for all of us, what impact 25 00:01:34,959 --> 00:01:39,280 Speaker 1: has this hack had on beef manufacturers, on other producers 26 00:01:39,360 --> 00:01:42,360 Speaker 1: involved in the beef process. And will we be able 27 00:01:42,400 --> 00:01:46,240 Speaker 1: to get hamburgers this week? Yes, you'll be able to 28 00:01:46,240 --> 00:01:49,040 Speaker 1: get hamburgers this week. And uh, you know, certainly the 29 00:01:49,200 --> 00:01:51,680 Speaker 1: tyber attack on JBS, as you know, it's one of 30 00:01:51,720 --> 00:01:55,960 Speaker 1: the it's the world's largest meat processor. Uh, did have 31 00:01:56,000 --> 00:01:58,920 Speaker 1: an impact including you know to hear in Texas. You 32 00:01:58,960 --> 00:02:01,600 Speaker 1: know a certainly what we have learned that it's probably 33 00:02:01,640 --> 00:02:05,160 Speaker 1: some sort of criminal organization, likely based in Russia. And 34 00:02:05,240 --> 00:02:08,720 Speaker 1: we've seen this this attacks on on the private sector. 35 00:02:08,800 --> 00:02:11,920 Speaker 1: We saw the colonial pipeline, We saw what happened. Now 36 00:02:12,000 --> 00:02:15,799 Speaker 1: of course JPS has been attacked also and this does 37 00:02:16,080 --> 00:02:20,320 Speaker 1: effect you know, the meat industry in so many ways. 38 00:02:20,440 --> 00:02:23,800 Speaker 1: And as you know, you know, the prices um have 39 00:02:24,000 --> 00:02:27,880 Speaker 1: increased for meat. It was been increasing for several reasons, 40 00:02:27,960 --> 00:02:30,840 Speaker 1: and certainly this is going to have an impact on 41 00:02:30,960 --> 00:02:34,840 Speaker 1: the prices of the meat. But the good thing is 42 00:02:34,840 --> 00:02:38,640 Speaker 1: is that this disruption has been taken care of and 43 00:02:38,680 --> 00:02:43,040 Speaker 1: it's starting to move again. And certainly the administration's responses 44 00:02:43,080 --> 00:02:46,760 Speaker 1: to make sure that U. S the A has contacted 45 00:02:46,840 --> 00:02:50,519 Speaker 1: several other major meat processors and encourage them to keep 46 00:02:50,560 --> 00:02:56,040 Speaker 1: the supplies moving and slaughter additional livestock when possible. So 47 00:02:56,160 --> 00:02:59,880 Speaker 1: it sounds like this time the hack was resolved fairly quickly. 48 00:03:00,120 --> 00:03:02,640 Speaker 1: We're not going to see anything like giant line stretching 49 00:03:02,639 --> 00:03:04,600 Speaker 1: outside of McDonald's the same way we did with the 50 00:03:04,639 --> 00:03:07,760 Speaker 1: Colonial pipeline. But but really on a serious note here, 51 00:03:07,880 --> 00:03:11,160 Speaker 1: we've seen the cybertas it seems again and again and again. 52 00:03:11,560 --> 00:03:16,639 Speaker 1: What is Congress doing to address these cyber security threats? Well, 53 00:03:16,639 --> 00:03:18,640 Speaker 1: you know, certainly one of the things we need to 54 00:03:18,639 --> 00:03:22,800 Speaker 1: do is we need to focus um on four things. One, 55 00:03:23,240 --> 00:03:26,080 Speaker 1: we need to make sure that we established a comprehensive 56 00:03:26,120 --> 00:03:30,880 Speaker 1: cybersecurity strategy, UH, and we as members of Congress, we 57 00:03:30,919 --> 00:03:34,040 Speaker 1: need to perform that effective overside on that. We gotta 58 00:03:34,120 --> 00:03:38,200 Speaker 1: secute federal systems information. And certainly, when we talked about 59 00:03:38,280 --> 00:03:44,160 Speaker 1: cyber critical infrastructure protection. UH. That is something that involves 60 00:03:44,200 --> 00:03:47,320 Speaker 1: not only the federal government, but as you've seen the 61 00:03:47,600 --> 00:03:55,240 Speaker 1: recent attacks that we saw on Colonial and accords on JPS, 62 00:03:55,400 --> 00:03:58,760 Speaker 1: we're seeing that they're starting to attack also some of 63 00:03:58,800 --> 00:04:04,440 Speaker 1: the infra critical infrastructure in the private sector. And so Congressman, 64 00:04:04,480 --> 00:04:06,240 Speaker 1: I want to follow up on that. I mean, we're 65 00:04:06,240 --> 00:04:09,360 Speaker 1: hearing reports today that there has been an attack apparently 66 00:04:09,600 --> 00:04:12,640 Speaker 1: maybe from China on the m T A and New York. 67 00:04:13,120 --> 00:04:17,200 Speaker 1: You mentioned Colonial and of course JBS. I heard somebody 68 00:04:17,240 --> 00:04:21,200 Speaker 1: today describe crypto as the oxygen that is fueling these 69 00:04:21,360 --> 00:04:25,880 Speaker 1: ransomware fires. Do you think Congress can and should take 70 00:04:26,000 --> 00:04:30,840 Speaker 1: any steps on crypto in terms of regulating it as 71 00:04:30,880 --> 00:04:34,359 Speaker 1: a way to stop or at least address some of 72 00:04:34,400 --> 00:04:38,800 Speaker 1: these attacks. Well, you know, certainly Congress needs to take 73 00:04:38,839 --> 00:04:42,400 Speaker 1: several steps, and some of them, as you know, whether 74 00:04:42,440 --> 00:04:47,279 Speaker 1: it's legislation or additional funding, UH, to do this. It's 75 00:04:47,360 --> 00:04:50,520 Speaker 1: not going to happen overnight. UH. So we're calling on 76 00:04:50,600 --> 00:04:54,599 Speaker 1: this partnership between the FEDS and of course the private 77 00:04:54,640 --> 00:04:58,960 Speaker 1: sector so we can work together because some of the uh, 78 00:04:59,000 --> 00:05:01,000 Speaker 1: you know, for example, some of the things that I've 79 00:05:01,000 --> 00:05:03,560 Speaker 1: been working on is to make sure that you know, 80 00:05:03,640 --> 00:05:08,680 Speaker 1: we look at cybersecurity programs. Uh. But that takes time 81 00:05:08,760 --> 00:05:12,360 Speaker 1: to build a what we call the civilian cyber workforce, 82 00:05:12,720 --> 00:05:16,200 Speaker 1: to hire individuals to make sure they have the necessary 83 00:05:16,560 --> 00:05:20,120 Speaker 1: security clearance that they're gonna be working uh for the 84 00:05:20,120 --> 00:05:23,400 Speaker 1: federal government, let's sake, for the Secretary of Defense. UH. 85 00:05:23,480 --> 00:05:25,600 Speaker 1: So it does take a little bit of time. So 86 00:05:25,680 --> 00:05:29,360 Speaker 1: in the meanwhile, you know, we just gotta and um 87 00:05:29,960 --> 00:05:33,680 Speaker 1: get our partnerships with the private sector and make it stronger. 88 00:05:33,720 --> 00:05:36,599 Speaker 1: And literally we got to make sure that we understand. 89 00:05:36,640 --> 00:05:39,480 Speaker 1: One thing is that you know, we've seen two recent 90 00:05:39,480 --> 00:05:44,000 Speaker 1: attacks uh JBS colonial uh and I don't think could 91 00:05:44,000 --> 00:05:47,839 Speaker 1: be the last time. And you saw what Pewan said 92 00:05:47,880 --> 00:05:50,880 Speaker 1: before the meaning that he's gonna have with um uh 93 00:05:51,080 --> 00:05:55,000 Speaker 1: with President Biden, that he's going to make some uncomfortable 94 00:05:55,400 --> 00:05:58,000 Speaker 1: uh signals. And I think we're seeing some of those 95 00:05:58,040 --> 00:06:03,679 Speaker 1: uncomfortable signals. Congressman, does something to prevent more cybersecurity hacks 96 00:06:04,040 --> 00:06:07,159 Speaker 1: need to be included in the upcoming infrastructure plan that 97 00:06:07,279 --> 00:06:12,240 Speaker 1: Congress and President Biden are currently negotiating on. Absolutely, I mean, 98 00:06:12,279 --> 00:06:14,840 Speaker 1: I think that should be part of that No if 99 00:06:14,880 --> 00:06:18,640 Speaker 1: snowbut about it, I said on the Appropriations Committee, and 100 00:06:18,680 --> 00:06:22,000 Speaker 1: I certainly want to make sure that we provide funding 101 00:06:22,400 --> 00:06:25,760 Speaker 1: not only for the workforce, because if you look at 102 00:06:25,760 --> 00:06:29,479 Speaker 1: it when it comes to cybersecurity, we are in need 103 00:06:29,720 --> 00:06:34,279 Speaker 1: of so many people to go into the cybersecurity field. 104 00:06:34,320 --> 00:06:38,479 Speaker 1: I mean we're short, uh and man. Uh. So you know, 105 00:06:38,560 --> 00:06:41,200 Speaker 1: whether they go work for the federal government or whether 106 00:06:41,240 --> 00:06:45,640 Speaker 1: they go work for the civilian workforce, we need more 107 00:06:45,680 --> 00:06:49,360 Speaker 1: people to get into stem. Uh. So, certainly Congress is 108 00:06:49,400 --> 00:06:51,320 Speaker 1: going to be uh. You know, I certainly in the 109 00:06:51,360 --> 00:06:55,000 Speaker 1: Appropriations I'm looking at some of the long term solutions 110 00:06:55,000 --> 00:06:59,720 Speaker 1: and some of the more medium term solutions. Congressmen, you 111 00:07:00,000 --> 00:07:03,000 Speaker 1: also today went down to the US Mexico border with 112 00:07:03,080 --> 00:07:07,400 Speaker 1: a bipartisan b cameral group of lawmakers, and I know 113 00:07:07,520 --> 00:07:10,880 Speaker 1: that this group has also introduced legislation to address the 114 00:07:10,920 --> 00:07:14,400 Speaker 1: surge in migrants coming across the border, to boost the 115 00:07:14,400 --> 00:07:17,400 Speaker 1: capacity of the Department of Homeland Security and the Department 116 00:07:17,440 --> 00:07:20,080 Speaker 1: of Justice. Can you talk a little bit today about 117 00:07:20,160 --> 00:07:23,920 Speaker 1: your trip to the border as well as as that legislation. 118 00:07:24,120 --> 00:07:27,120 Speaker 1: Is that something that you think has a chance of passing. 119 00:07:27,240 --> 00:07:31,360 Speaker 1: Is it something that your colleagues are are interested in. Yes, 120 00:07:31,480 --> 00:07:34,040 Speaker 1: you know, first of all. You know, you see visits 121 00:07:34,080 --> 00:07:39,120 Speaker 1: by different members of Congress or senators that come only Democrats, 122 00:07:39,200 --> 00:07:45,080 Speaker 1: only Republicans. Hours was very different. We had Democrats and Republicans, 123 00:07:45,120 --> 00:07:49,320 Speaker 1: We had House members and Senate members, Senator Cornyn, Senator 124 00:07:49,800 --> 00:07:55,480 Speaker 1: Cinema Connis, ben Tony Gontalis. So it was a bipartisan visit, 125 00:07:55,920 --> 00:07:57,960 Speaker 1: and I think that's what we need to do more. 126 00:07:58,400 --> 00:08:01,480 Speaker 1: And when we look at the border issue, UH, it's 127 00:08:01,480 --> 00:08:04,640 Speaker 1: not a Republican or democratic issues. We gotta sit down 128 00:08:04,720 --> 00:08:07,760 Speaker 1: and come up with practical solutions to some of the 129 00:08:07,760 --> 00:08:11,920 Speaker 1: problems that we're facing down there. So yes, um, I 130 00:08:11,960 --> 00:08:17,000 Speaker 1: think our bipartisan has a possibility of passing. And in fact, 131 00:08:17,040 --> 00:08:19,320 Speaker 1: some of it might be peace mails. For example, one 132 00:08:19,320 --> 00:08:22,280 Speaker 1: of the things we call was to have a special 133 00:08:22,440 --> 00:08:27,800 Speaker 1: docket UH for the cases the immigration cases. Well if 134 00:08:27,840 --> 00:08:32,079 Speaker 1: you notice this last Friday, the administration called UH is 135 00:08:32,120 --> 00:08:34,800 Speaker 1: calling or is going to set up a special docket 136 00:08:35,200 --> 00:08:38,200 Speaker 1: to handle those immigration cases. So I think, you know, 137 00:08:38,240 --> 00:08:41,280 Speaker 1: people are looking at our bills getting ideas and and 138 00:08:41,360 --> 00:08:43,679 Speaker 1: for us, that's good. You know, I don't care how 139 00:08:43,720 --> 00:08:47,199 Speaker 1: we get this pass, whether it's through the administration or 140 00:08:47,400 --> 00:08:50,520 Speaker 1: through the House or through the Senate. All we are 141 00:08:50,640 --> 00:08:54,440 Speaker 1: interested in is is finding practical solutions or those real 142 00:08:54,480 --> 00:08:57,520 Speaker 1: problems that we have at the border. And Congressman, just 143 00:08:57,640 --> 00:09:01,040 Speaker 1: following up on what you were saying about the administration's 144 00:09:01,120 --> 00:09:04,720 Speaker 1: work on this. At one point you were urging the 145 00:09:04,760 --> 00:09:09,360 Speaker 1: White House to listen more to border towns and constituents 146 00:09:09,400 --> 00:09:12,680 Speaker 1: in your district. Do you feel that the White House 147 00:09:12,720 --> 00:09:15,640 Speaker 1: and particularly the Vice President who's been charged with this, 148 00:09:16,160 --> 00:09:19,040 Speaker 1: are they doing enough listening and more importantly, are they 149 00:09:19,080 --> 00:09:23,800 Speaker 1: responding to what they're hearing? In your estimation, I think 150 00:09:23,800 --> 00:09:27,439 Speaker 1: they can definitely do a lot more, uh to listen 151 00:09:27,480 --> 00:09:32,199 Speaker 1: to border communities for example, Um, as you know, uh, 152 00:09:32,280 --> 00:09:36,680 Speaker 1: they're letting people in uh and not worry about the 153 00:09:36,760 --> 00:09:40,480 Speaker 1: health issue. Uh. But when we talk about the legal 154 00:09:40,640 --> 00:09:44,480 Speaker 1: visa holders from Mexico or Canada, but in this case, 155 00:09:44,559 --> 00:09:47,840 Speaker 1: let's talk about Mexico. Those are the legal visa holders 156 00:09:47,840 --> 00:09:51,200 Speaker 1: that come and spend billions of dollars. In fact, before 157 00:09:51,200 --> 00:09:54,480 Speaker 1: the pandemic, there will be over eighteen million Mexicans that 158 00:09:54,480 --> 00:09:58,559 Speaker 1: would spend over nineteen billion dollars. And they're not letting 159 00:09:58,559 --> 00:10:02,720 Speaker 1: those people in and they call that an health issue. Uh, 160 00:10:02,760 --> 00:10:06,640 Speaker 1: and without due respect, I mean, those are the exactly 161 00:10:06,720 --> 00:10:09,800 Speaker 1: the essential people that we need to come in so 162 00:10:09,880 --> 00:10:13,600 Speaker 1: they can help UH continue building up our economy. I mean, 163 00:10:13,800 --> 00:10:18,000 Speaker 1: we've lost over nineteen billion dollars in the last year 164 00:10:18,160 --> 00:10:21,640 Speaker 1: because we just haven't let those visa holders from Mexico 165 00:10:21,760 --> 00:10:24,959 Speaker 1: come in. That doesn't even include the Canadians. So think 166 00:10:25,000 --> 00:10:28,360 Speaker 1: about it. We're losing billions of dollars and you're telling 167 00:10:28,400 --> 00:10:31,920 Speaker 1: me that we cannot find a way to safely open 168 00:10:32,040 --> 00:10:35,000 Speaker 1: up the border. And if you listen to the border 169 00:10:35,040 --> 00:10:38,360 Speaker 1: communities where some of them depend on more than you 170 00:10:38,360 --> 00:10:41,880 Speaker 1: know on their customers from Mexico. Some of them are 171 00:10:41,920 --> 00:10:46,320 Speaker 1: over on Mexican shoppers. So imagine if you took almost 172 00:10:46,320 --> 00:10:50,400 Speaker 1: fifty of all your shoppers away, Imagine how your small 173 00:10:50,440 --> 00:10:53,559 Speaker 1: business will be operating right now. That's what I mean. 174 00:10:53,600 --> 00:10:56,319 Speaker 1: They need to listen to border communities. Carress, and I 175 00:10:56,320 --> 00:10:59,360 Speaker 1: want to get in one quick question on infrastructure. I 176 00:10:59,400 --> 00:11:02,840 Speaker 1: know that you're going the more moderate Democrats in Congress. Uh, 177 00:11:03,040 --> 00:11:06,040 Speaker 1: just very quickly here, how much longer should President Biden 178 00:11:06,120 --> 00:11:09,360 Speaker 1: spend negotiating with Republicans before having to come to a 179 00:11:09,400 --> 00:11:11,559 Speaker 1: decision on whether he's going to go with Republicans or 180 00:11:11,600 --> 00:11:14,840 Speaker 1: go it alone. Well, yeah, attorney. Uh, you know, I 181 00:11:14,880 --> 00:11:18,839 Speaker 1: think they're coming. I think they're meeting again. Uh. And 182 00:11:18,920 --> 00:11:20,880 Speaker 1: I hope that they give it a good shot. I 183 00:11:20,920 --> 00:11:24,760 Speaker 1: think you're getting closer. Uh. And if we can do 184 00:11:24,840 --> 00:11:27,400 Speaker 1: stuff to the bipartisan that's the way we ought to 185 00:11:27,400 --> 00:11:30,600 Speaker 1: get it done. Well, thank you, thank you, thank you 186 00:11:30,640 --> 00:11:33,960 Speaker 1: so much, Congressman for joining us. I'm Emily Wilkins. This 187 00:11:34,400 --> 00:11:41,559 Speaker 1: is Bloomberg. This is Bloomberg sound on on Bloomberg Radio. 188 00:11:43,040 --> 00:11:47,440 Speaker 1: I'm Emily Wilkins here with Bloomberg Politive Politics contriver Jenie 189 00:11:47,480 --> 00:11:52,520 Speaker 1: Schanzano and Bloomberg. White House corresponded Josh wing Grove, Well, 190 00:11:52,960 --> 00:11:56,120 Speaker 1: we are getting several headlines that are crossing the terminal 191 00:11:56,240 --> 00:12:00,000 Speaker 1: right now. After President Biden met with West Virginia republic 192 00:12:00,440 --> 00:12:04,480 Speaker 1: Shelley Moore Capital. She has been the lead negotiator for 193 00:12:04,840 --> 00:12:08,480 Speaker 1: Senate Republicans on the infrastructure plan. The White House and 194 00:12:08,520 --> 00:12:11,680 Speaker 1: Senate Republicans have been getting closer and closer over the 195 00:12:11,760 --> 00:12:14,520 Speaker 1: last several months, but they are still pretty far apart. 196 00:12:14,920 --> 00:12:17,920 Speaker 1: A couple of headlines crossing the terminal right now. A 197 00:12:17,960 --> 00:12:22,559 Speaker 1: Biden and Capital's infrastructure meeting. It was constructive and frank 198 00:12:22,880 --> 00:12:26,640 Speaker 1: They met for about an hour, and they've also agreed 199 00:12:27,040 --> 00:12:32,040 Speaker 1: to reconnect on Friday, according to the White House. Josh 200 00:12:32,080 --> 00:12:35,560 Speaker 1: Wing Grove, our man at the White House, break this 201 00:12:35,720 --> 00:12:38,760 Speaker 1: down for us, What exactly does it mean? Because I 202 00:12:38,760 --> 00:12:42,240 Speaker 1: feel like we keep having these meetings between President Biden 203 00:12:42,280 --> 00:12:44,920 Speaker 1: and Republicans and they keep coming out of the room 204 00:12:44,960 --> 00:12:47,160 Speaker 1: and saying, oh, you know, it was very constructive, it 205 00:12:47,200 --> 00:12:50,079 Speaker 1: went very well, but there's still more than seven hundred 206 00:12:50,120 --> 00:12:52,600 Speaker 1: billion dollars apart. They haven't gotten an agreement on how 207 00:12:52,640 --> 00:12:55,200 Speaker 1: to pay for things yet. What's your takeaway from this 208 00:12:55,320 --> 00:12:58,800 Speaker 1: latest meeting? Yeah, I mean, I think the readout signals 209 00:12:58,800 --> 00:13:01,319 Speaker 1: that the clock you still sticking, and you're absolutely right 210 00:13:01,360 --> 00:13:06,760 Speaker 1: that they're far apart, particularly compare the net bending numbers. Right, 211 00:13:06,760 --> 00:13:09,480 Speaker 1: Republicans are coming from a position where they're looking to 212 00:13:09,640 --> 00:13:13,360 Speaker 1: repurpose funding that has already been allocated. Uh, you know, 213 00:13:13,520 --> 00:13:16,439 Speaker 1: in particular, what they see is unused or unnecessary funding 214 00:13:16,440 --> 00:13:19,240 Speaker 1: from previous packages. So they remain a logger hands and 215 00:13:19,360 --> 00:13:22,240 Speaker 1: Biden him sort of hinted that he's interesting and interested 216 00:13:22,280 --> 00:13:26,000 Speaker 1: in moving quickly and be entertaining any sort of doling 217 00:13:27,800 --> 00:13:30,240 Speaker 1: talks with other groups of senators. So you know, I 218 00:13:31,400 --> 00:13:35,120 Speaker 1: they hit downplayed expectations for stays meeting. Jensaki is saying, look, 219 00:13:35,160 --> 00:13:37,440 Speaker 1: they're not going to be exchanging paper that sort of thing, 220 00:13:38,240 --> 00:13:41,160 Speaker 1: So in that sense, this isn't a surprise. I suppose 221 00:13:41,240 --> 00:13:44,040 Speaker 1: the news is that they're going to reconnect on Friday, 222 00:13:44,080 --> 00:13:47,800 Speaker 1: whatever that means, whether in person or remotely, yet another 223 00:13:47,880 --> 00:13:50,920 Speaker 1: zoom meeting, perhaps you know the era we live in. 224 00:13:51,520 --> 00:13:55,640 Speaker 1: But whether this brings them closer to a deal, I 225 00:13:55,679 --> 00:13:58,559 Speaker 1: don't know. I think the people that have been skeptical 226 00:13:58,840 --> 00:14:01,480 Speaker 1: about the fate of the it's so far are publicly 227 00:14:01,520 --> 00:14:04,880 Speaker 1: doing pretty comfortable and comfortable with that starting position. Well, 228 00:14:04,920 --> 00:14:07,920 Speaker 1: we have one of those skeptics with us, Jennie schon Zeno, 229 00:14:08,760 --> 00:14:11,079 Speaker 1: who I think it sort of held the skeptic towards 230 00:14:11,160 --> 00:14:14,280 Speaker 1: throughout these discussions. I mean, Genie, we initially you talked 231 00:14:14,280 --> 00:14:17,360 Speaker 1: about having some deadline here for a Memorial Day that 232 00:14:17,440 --> 00:14:20,280 Speaker 1: has come and gone. Now over the weekend we heard 233 00:14:20,320 --> 00:14:24,000 Speaker 1: Transportation Secretary Pete bud say that they would need a 234 00:14:24,200 --> 00:14:28,880 Speaker 1: quote unquote clear direction by June seventh, so that is 235 00:14:29,080 --> 00:14:32,880 Speaker 1: next Monday. I mean, Genie, how much longer can these 236 00:14:32,920 --> 00:14:37,880 Speaker 1: negotiations between Biden and Republicans continue before an actual decision 237 00:14:37,960 --> 00:14:41,600 Speaker 1: needs to be made. Well, You're absolutely right. We had 238 00:14:41,640 --> 00:14:44,360 Speaker 1: Pete Buddha judge over the weekend. You know, some people 239 00:14:44,400 --> 00:14:47,600 Speaker 1: said playing you know, bad cock to Joe Biden's good cop, 240 00:14:47,720 --> 00:14:50,440 Speaker 1: all in an effort, obviously to appeal to the Joe 241 00:14:50,480 --> 00:14:54,200 Speaker 1: Mansons of the world that they are absolutely pursuing this 242 00:14:54,200 --> 00:14:57,680 Speaker 1: this sort of deal. But to me and I right heavily, 243 00:14:57,760 --> 00:14:59,280 Speaker 1: you know, because we've talked about it so many times. 244 00:14:59,320 --> 00:15:02,360 Speaker 1: I have been as skeptic, not because of anything Biden 245 00:15:02,440 --> 00:15:04,600 Speaker 1: or capital what any of these people are doing. But 246 00:15:04,640 --> 00:15:06,880 Speaker 1: if you look at the history here with a fifty 247 00:15:06,920 --> 00:15:09,800 Speaker 1: fifty split, the idea that you would be able to 248 00:15:09,840 --> 00:15:14,080 Speaker 1: close this kind of gap and get ten Republican senators 249 00:15:14,400 --> 00:15:17,080 Speaker 1: to the side when they are still debating about how 250 00:15:17,120 --> 00:15:20,600 Speaker 1: you define infrastructure, let alone as you and Joshua just 251 00:15:20,640 --> 00:15:22,520 Speaker 1: talking about how you pay for it and how big 252 00:15:22,520 --> 00:15:25,360 Speaker 1: the bill should be. I remain as skeptic, and as 253 00:15:25,440 --> 00:15:28,480 Speaker 1: josh said, I feel fairly comfortable in that position, and 254 00:15:28,520 --> 00:15:33,680 Speaker 1: I'm not that president. So that should say something. If you, 255 00:15:34,240 --> 00:15:36,960 Speaker 1: josh from what about you? What do you think the 256 00:15:37,000 --> 00:15:39,640 Speaker 1: timeline needs to be here for President Biden? You know 257 00:15:39,880 --> 00:15:43,040 Speaker 1: I'm usually over in Congress and We've seen the rhetort 258 00:15:43,200 --> 00:15:46,640 Speaker 1: just ratchet up from progressives who have gone to President Biden, 259 00:15:46,880 --> 00:15:50,000 Speaker 1: to Speaker Pelosi, to Chuck Schumer and said, look, we 260 00:15:50,160 --> 00:15:53,240 Speaker 1: need to get this done and Democrats need to go 261 00:15:53,320 --> 00:15:56,400 Speaker 1: it alone. Republicans are asking far too little. I mean, 262 00:15:56,440 --> 00:16:00,360 Speaker 1: they're putting pressure or trying to put pressure on President Biden. 263 00:16:00,560 --> 00:16:03,600 Speaker 1: Have you seen anything from what Biden has said or 264 00:16:03,600 --> 00:16:06,800 Speaker 1: what we've heard from Jen Psaki to indicate whether or 265 00:16:06,840 --> 00:16:09,520 Speaker 1: not they're feeling that heat from their party to try 266 00:16:09,520 --> 00:16:13,280 Speaker 1: and go it alone. I think there are subtle signs, 267 00:16:13,320 --> 00:16:15,720 Speaker 1: you know, one sort of click of the dial that 268 00:16:15,800 --> 00:16:18,800 Speaker 1: they're starting to talk a little bit more about the 269 00:16:18,840 --> 00:16:21,160 Speaker 1: fact that they're not willing to, you know, do this 270 00:16:21,280 --> 00:16:25,200 Speaker 1: dance forever. That they wanted a timeline. But at the 271 00:16:25,240 --> 00:16:27,200 Speaker 1: same time, and I I really I'm not trying to 272 00:16:27,200 --> 00:16:29,000 Speaker 1: speak and of broach the types of my mouth here, 273 00:16:29,040 --> 00:16:31,640 Speaker 1: but at the same time, they're letting their sort of 274 00:16:31,680 --> 00:16:35,880 Speaker 1: soft deadlines pass. Remember they wanted progress by Memorial Day. 275 00:16:36,040 --> 00:16:38,840 Speaker 1: I mean, I the beholder, I suppose, but I'm not 276 00:16:38,920 --> 00:16:42,160 Speaker 1: really sure that we can call where we're at progress 277 00:16:42,240 --> 00:16:46,480 Speaker 1: are certainly not significant progress, So you know, we'll see 278 00:16:46,520 --> 00:16:49,120 Speaker 1: I mean Biden's team, as we all know, is stacked 279 00:16:49,120 --> 00:16:52,480 Speaker 1: by folks who saw them lose the House in the 280 00:16:52,520 --> 00:16:54,920 Speaker 1: mid terms under Obama, lose the House from the mid 281 00:16:55,080 --> 00:16:58,000 Speaker 1: terms under Clinton. I think they're absolutely is a stance 282 00:16:58,080 --> 00:17:00,680 Speaker 1: that they want to, you know, go b would rather 283 00:17:01,320 --> 00:17:04,959 Speaker 1: do something than not do something. But Biden continues to 284 00:17:05,240 --> 00:17:08,439 Speaker 1: at least pay public lip service to the notion that 285 00:17:08,840 --> 00:17:11,720 Speaker 1: a these thoughts can go somewhere, but more broadly than 286 00:17:11,760 --> 00:17:16,000 Speaker 1: that that be bi partisanships can still exist in Washington, 287 00:17:16,280 --> 00:17:19,119 Speaker 1: and you know that the insanim structures just seem like 288 00:17:19,160 --> 00:17:21,479 Speaker 1: they're left and left there right now for both parties 289 00:17:21,480 --> 00:17:24,760 Speaker 1: to cooperate. Jennie, we've got about thirty seconds left, so 290 00:17:24,800 --> 00:17:28,120 Speaker 1: I want to ask you. Joe Mansion, Senator from West Virginia, 291 00:17:28,320 --> 00:17:32,280 Speaker 1: said that he needed there to be good faith bipartisan 292 00:17:32,320 --> 00:17:35,760 Speaker 1: negotiations before he would agree to any sort of Democrat thing. 293 00:17:35,800 --> 00:17:38,000 Speaker 1: Do you think at this point we can say that 294 00:17:38,040 --> 00:17:41,200 Speaker 1: there have been good faith bipartisan negotiations and should Joe 295 00:17:41,240 --> 00:17:44,080 Speaker 1: Mansion sort of feel like that requirement has met? I 296 00:17:44,119 --> 00:17:46,159 Speaker 1: think we can say that. I think I can say that. 297 00:17:46,240 --> 00:17:48,479 Speaker 1: I'm not sure Joe Mansion will say that, and we 298 00:17:48,560 --> 00:17:51,560 Speaker 1: know he's a Biden was frustrated with him yesterday. I'm 299 00:17:51,600 --> 00:17:55,480 Speaker 1: Emily Wilkins here today with our Bloomberg Politics contributor Jeannie 300 00:17:55,520 --> 00:18:00,280 Speaker 1: shawn Zano and White House correspondent josh Wyn Grove. Well. 301 00:18:00,320 --> 00:18:04,240 Speaker 1: As Biden has met today with Republicans in the White House, 302 00:18:04,480 --> 00:18:06,639 Speaker 1: he has also started to put pressure on members of 303 00:18:06,720 --> 00:18:11,560 Speaker 1: his own party. While Atosa, Tulsa, Oklahoma, yesterday, Biden said 304 00:18:11,600 --> 00:18:14,800 Speaker 1: that he hears folks on TV criticizing Biden for not 305 00:18:14,840 --> 00:18:18,920 Speaker 1: getting things done, and the President partially blamed quote two 306 00:18:19,000 --> 00:18:22,880 Speaker 1: members of the Senate who vote more with my Republican friends. 307 00:18:23,480 --> 00:18:26,800 Speaker 1: It's believed the President was referring to Democratic Senators Joe 308 00:18:26,840 --> 00:18:29,800 Speaker 1: Manchin and Kristen Semma, who have bucked the president on 309 00:18:29,960 --> 00:18:34,560 Speaker 1: legislation and opposed Bilibuster reform that a large number of 310 00:18:34,560 --> 00:18:38,560 Speaker 1: progressive Democrats are calling for to pass President Biden's initiatives. 311 00:18:38,960 --> 00:18:42,080 Speaker 1: When asked today about the President Commons, White House Press 312 00:18:42,080 --> 00:18:46,119 Speaker 1: Secretary Jen Saki said it was not a criticism. Here's 313 00:18:46,160 --> 00:18:49,119 Speaker 1: the sound on that. It was not known that he 314 00:18:49,160 --> 00:18:53,400 Speaker 1: considers them both friends. He considers them both good working partners, 315 00:18:54,040 --> 00:18:56,919 Speaker 1: and he also believes that in democracy, we don't have 316 00:18:56,960 --> 00:18:58,720 Speaker 1: to see eye to eye on every detail of every 317 00:18:58,720 --> 00:19:02,000 Speaker 1: single issue in order to work to other. You know, regardless, 318 00:19:02,080 --> 00:19:04,840 Speaker 1: if if President by decides to go with Republicans or 319 00:19:04,840 --> 00:19:08,640 Speaker 1: as Democrats, he's probably going to need Mansion in Cinema 320 00:19:08,840 --> 00:19:13,800 Speaker 1: on his side to pass any sort of infrastructure legislation. Josh, 321 00:19:14,160 --> 00:19:17,040 Speaker 1: you've covered Biden, you cover the White House. What was 322 00:19:17,160 --> 00:19:24,080 Speaker 1: he thinking when he made these comments yesterday? Yeah, well, 323 00:19:24,280 --> 00:19:26,520 Speaker 1: I mean we talked in the last segment about demands 324 00:19:26,520 --> 00:19:29,359 Speaker 1: of progressives. I think that Biden was giving voice to 325 00:19:29,400 --> 00:19:33,520 Speaker 1: frustration the White House that there, you know, measured against 326 00:19:33,800 --> 00:19:35,359 Speaker 1: what they're able to do and what they're able to 327 00:19:35,400 --> 00:19:38,320 Speaker 1: not do. And of course, uh, in many respects and 328 00:19:38,400 --> 00:19:42,359 Speaker 1: in our mansion is the factor in what they're able 329 00:19:42,400 --> 00:19:44,960 Speaker 1: to do. So was a bit of a habit of 330 00:19:44,960 --> 00:19:47,160 Speaker 1: going off scripts saying look, you know, don't look at 331 00:19:47,160 --> 00:19:50,199 Speaker 1: me necessarily, not not that I don't want to do 332 00:19:50,240 --> 00:19:54,200 Speaker 1: that as a question of what can be done, that said, uh, 333 00:19:54,240 --> 00:19:56,720 Speaker 1: you know, I think it was a bit of a 334 00:19:56,720 --> 00:20:01,080 Speaker 1: shot across the bow of Mansion in Cinema. But uh, 335 00:20:01,119 --> 00:20:02,760 Speaker 1: as far as Biden goes, I'm not sure that he 336 00:20:02,800 --> 00:20:06,520 Speaker 1: would really uh, you know, sharpened his knife on this one. 337 00:20:06,680 --> 00:20:11,000 Speaker 1: I think that overall, he understands the mansion, is doing 338 00:20:11,040 --> 00:20:12,919 Speaker 1: what he has to do. And of course Democrats remained 339 00:20:13,480 --> 00:20:16,720 Speaker 1: more confident in the Senate in the House setting into 340 00:20:16,720 --> 00:20:19,240 Speaker 1: the mid terms, so he doesn't want to, I think, 341 00:20:19,280 --> 00:20:23,160 Speaker 1: rattle the cage too much. Now, where does that leave him? Broadly, 342 00:20:23,280 --> 00:20:25,719 Speaker 1: like Biden, you know, this is the sort of animating 343 00:20:25,840 --> 00:20:27,960 Speaker 1: feature of the Democratic Party right now. How can he 344 00:20:28,040 --> 00:20:32,000 Speaker 1: hold together the coalitions? I think progressives have been, you know, 345 00:20:32,880 --> 00:20:36,239 Speaker 1: arguably pleasantly surprised by the administration so far, which has 346 00:20:36,280 --> 00:20:38,400 Speaker 1: gone bigger than they kind of feared he would. Joe 347 00:20:38,440 --> 00:20:41,040 Speaker 1: Biden wasn't exactly mister progressive, you know, as of the 348 00:20:41,119 --> 00:20:43,480 Speaker 1: day he took off it. So, you know, I think 349 00:20:43,560 --> 00:20:46,240 Speaker 1: I think he's trying to fill threads that needle, and 350 00:20:46,240 --> 00:20:48,840 Speaker 1: and we'll see that he does not make a habit 351 00:20:49,440 --> 00:20:52,639 Speaker 1: of calling senators out all that much, even gently. So 352 00:20:52,640 --> 00:20:54,119 Speaker 1: I think that's why that's when kind of popped on 353 00:20:54,160 --> 00:20:57,840 Speaker 1: the radar. Yeah, I mean President Biden, he's he was 354 00:20:57,880 --> 00:21:00,879 Speaker 1: a member of the Senate for for decades. He you know, 355 00:21:00,920 --> 00:21:03,920 Speaker 1: says he really plays up the relationships that he has 356 00:21:04,000 --> 00:21:07,560 Speaker 1: with senators on this another sort of tricky needle that 357 00:21:07,560 --> 00:21:09,680 Speaker 1: that President Biden is going to need to be threatening 358 00:21:09,880 --> 00:21:13,880 Speaker 1: is going to become Later this month Jeam sixteenth, Geneva, Switzerland, 359 00:21:14,160 --> 00:21:17,199 Speaker 1: he will meet with President Vladimir Putin. And this is 360 00:21:17,280 --> 00:21:20,600 Speaker 1: coming after a number of cybersecurity hacks, including the most 361 00:21:20,640 --> 00:21:24,080 Speaker 1: recent one that we saw today with JBS that have 362 00:21:24,200 --> 00:21:29,359 Speaker 1: been linked to criminal organizations within Russia. Biden said he 363 00:21:29,400 --> 00:21:32,600 Speaker 1: doesn't believe that Putin is testing the US with attacks, 364 00:21:32,880 --> 00:21:35,360 Speaker 1: but we did here today from White House Press Secretary 365 00:21:35,440 --> 00:21:39,400 Speaker 1: Jen Saki that the Russian government does hold some responsibility 366 00:21:39,480 --> 00:21:42,359 Speaker 1: for criminal entities in their country. The US is not 367 00:21:42,400 --> 00:21:45,680 Speaker 1: taking any options off the table. Here's the sound on that. 368 00:21:46,760 --> 00:21:49,879 Speaker 1: President Biden certainly thinks that President Putin and the Russian 369 00:21:49,880 --> 00:21:52,720 Speaker 1: government has a role to play in UH stopping and 370 00:21:52,800 --> 00:21:55,280 Speaker 1: preventing these attacks. This will certainly be a topic of 371 00:21:55,280 --> 00:22:01,280 Speaker 1: discussion that harboring criminal entities that are intending to do harm, 372 00:22:01,359 --> 00:22:03,520 Speaker 1: that are doing harm to the critical infrastructure in the 373 00:22:03,640 --> 00:22:06,720 Speaker 1: United States is not acceptable. We're not going to stand 374 00:22:06,720 --> 00:22:08,399 Speaker 1: by that. We will raise that and we are not 375 00:22:08,440 --> 00:22:11,480 Speaker 1: going to take options off the table. You know, Josh, 376 00:22:11,520 --> 00:22:13,439 Speaker 1: at the start of his presidency, Biden tried to go 377 00:22:13,480 --> 00:22:16,160 Speaker 1: for a reset with Russia, saying he would take tougher stances. 378 00:22:16,240 --> 00:22:19,400 Speaker 1: But last month, Republican Senator Lindsay Graham called the Biden 379 00:22:19,400 --> 00:22:23,000 Speaker 1: administration week in response to their response to the colonial 380 00:22:23,080 --> 00:22:26,960 Speaker 1: pipeline hack. Josh, what is the Biden administration? Do they 381 00:22:27,000 --> 00:22:30,800 Speaker 1: need to step up how they respond to Russia? Here? Well, 382 00:22:30,800 --> 00:22:34,280 Speaker 1: I think we'll see some clues uh in that as 383 00:22:34,320 --> 00:22:36,480 Speaker 1: we get towards the sum in terms of what the 384 00:22:36,640 --> 00:22:40,800 Speaker 1: going to look like. Are they going to take questions? Uh, 385 00:22:40,840 --> 00:22:42,720 Speaker 1: you know, if finally going to do a press conference 386 00:22:42,760 --> 00:22:45,440 Speaker 1: to see it up, will there be a joint statement? 387 00:22:45,480 --> 00:22:48,679 Speaker 1: All these are sort of swirling in the air. And 388 00:22:48,720 --> 00:22:51,639 Speaker 1: of course this is poise sort of come on the 389 00:22:51,720 --> 00:22:53,399 Speaker 1: end of a couple of summits where Biden will be 390 00:22:53,440 --> 00:22:56,359 Speaker 1: with a sort of a friendlier crowd. It's a funny 391 00:22:56,359 --> 00:23:00,200 Speaker 1: moment today when you give an announcement on vaccines. Uh. 392 00:23:01,000 --> 00:23:03,639 Speaker 1: Domestic push ran back team saying, look, you know he 393 00:23:03,840 --> 00:23:06,760 Speaker 1: was he was asked by someone who do you think 394 00:23:06,840 --> 00:23:10,160 Speaker 1: do you think Putin is sort of baiting him and 395 00:23:10,480 --> 00:23:13,119 Speaker 1: or testing him? And he said he smiled and chuckled 396 00:23:13,160 --> 00:23:15,280 Speaker 1: and said no as he walked off stage. So I 397 00:23:15,320 --> 00:23:18,800 Speaker 1: think I think that Biden used this as a long 398 00:23:18,920 --> 00:23:21,879 Speaker 1: term thing. I think all his comments would tell you 399 00:23:21,960 --> 00:23:27,119 Speaker 1: that Russia is more uh, an adversary for sure, and 400 00:23:27,160 --> 00:23:30,240 Speaker 1: almost a sort of bully and a thorn that Biden 401 00:23:30,520 --> 00:23:32,960 Speaker 1: when he talks about there's sort of a political struggles 402 00:23:32,960 --> 00:23:35,560 Speaker 1: based in the ums. He talks more about China, So 403 00:23:35,600 --> 00:23:38,879 Speaker 1: I think the Putin thing should be placed in that context. 404 00:23:38,960 --> 00:23:42,959 Speaker 1: He's used Russia as uh, you know, they do want 405 00:23:43,000 --> 00:23:46,399 Speaker 1: what they they said they call a predictable relationship with Russia, 406 00:23:46,800 --> 00:23:50,040 Speaker 1: no bones about some sort of collegial affair, but it's 407 00:23:50,160 --> 00:23:52,320 Speaker 1: China that they really see is the one they got 408 00:23:52,320 --> 00:23:56,000 Speaker 1: to pocus their attention. Genuinely have just about thirty seconds left. 409 00:23:56,000 --> 00:23:59,240 Speaker 1: But I'm wondering, in two weeks from now, when Biden 410 00:23:59,440 --> 00:24:02,159 Speaker 1: Shakespeare in his hand and begins to the discussions with 411 00:24:02,240 --> 00:24:05,399 Speaker 1: him in Geneva, what does Biden need to say to Putin? 412 00:24:05,480 --> 00:24:08,680 Speaker 1: What sort of tone, if does he need to strike? Well, 413 00:24:08,760 --> 00:24:11,840 Speaker 1: Joe Biden and and Vladimir Putin go back a long time, 414 00:24:12,040 --> 00:24:14,720 Speaker 1: and he has been tough, I think in his rhetoric 415 00:24:14,800 --> 00:24:17,760 Speaker 1: on Putin, But of course rhetoric doesn't often work with Putin. 416 00:24:18,160 --> 00:24:21,320 Speaker 1: I think as it pertains to these cyber attacks. The 417 00:24:21,440 --> 00:24:23,760 Speaker 1: United States is going to have to put pressure on 418 00:24:23,880 --> 00:24:26,640 Speaker 1: Putin and Russia to hold the people in their country 419 00:24:26,960 --> 00:24:30,240 Speaker 1: accountable for these attacks, and then he's going to have 420 00:24:30,320 --> 00:24:32,920 Speaker 1: to follow that up with action to make sure that happens. 421 00:24:35,920 --> 00:24:41,520 Speaker 1: This is Bloomberg Sound On on Bloomberg Radio. I'm Emily 422 00:24:41,560 --> 00:24:46,359 Speaker 1: Wilkins here with Bloomberg Politics contributor Jeanie Schanzano and Bloomberg 423 00:24:46,359 --> 00:24:51,200 Speaker 1: White House corresponded, Josh wing Grove, we had some breaking 424 00:24:51,200 --> 00:24:53,120 Speaker 1: news right at the start of the show. I want 425 00:24:53,160 --> 00:24:56,440 Speaker 1: to dive into a little bit now. If you are 426 00:24:56,480 --> 00:24:59,480 Speaker 1: an investor and you have been confused about the ban 427 00:24:59,680 --> 00:25:02,520 Speaker 1: on An investments and companies linked to the Chinese military, 428 00:25:02,960 --> 00:25:06,359 Speaker 1: clarification is on the way. President Biden said he would 429 00:25:06,359 --> 00:25:09,640 Speaker 1: amend the ban after the Trump air policy was challenged 430 00:25:09,720 --> 00:25:13,399 Speaker 1: in court and left investors confused about the extent of 431 00:25:13,440 --> 00:25:16,360 Speaker 1: the band's reach. We're going to see a couple of changes, 432 00:25:16,400 --> 00:25:19,639 Speaker 1: including the Treasury Department creating the list of companies that 433 00:25:19,680 --> 00:25:23,480 Speaker 1: could face financial penalties for their connection to China's defense, 434 00:25:23,800 --> 00:25:27,919 Speaker 1: surveillance and technology sectors. Josh, right before the break, you 435 00:25:28,040 --> 00:25:31,040 Speaker 1: were pointing out that China is really sort of the 436 00:25:31,160 --> 00:25:34,879 Speaker 1: number one priority for the Biden administration when it comes 437 00:25:35,200 --> 00:25:39,480 Speaker 1: to international and foreign policy. Walk us through the importance 438 00:25:39,520 --> 00:25:42,600 Speaker 1: of this investment ban. How much pain does it inflict 439 00:25:42,640 --> 00:25:45,520 Speaker 1: on China and how much pain does it inflict on 440 00:25:45,640 --> 00:25:49,240 Speaker 1: the average investor. Well, you know the great reporting here 441 00:25:49,320 --> 00:25:54,000 Speaker 1: from our college Jenny Lennards and Particulosen and you know 442 00:25:54,080 --> 00:25:57,840 Speaker 1: the computer dated back from area here is the band 443 00:25:58,240 --> 00:26:03,240 Speaker 1: really headheads being still had had spitting So Biden, the 444 00:26:03,760 --> 00:26:06,119 Speaker 1: report from our colleague series that bidens went to a 445 00:26:06,240 --> 00:26:08,200 Speaker 1: men's order and the Treasury is going to create a 446 00:26:08,240 --> 00:26:11,359 Speaker 1: list companies that could say penalties for their connection to 447 00:26:11,440 --> 00:26:15,040 Speaker 1: China's defense industries. And you know that's that is a 448 00:26:15,080 --> 00:26:18,040 Speaker 1: slight departure from what Trump was doing. And we expect 449 00:26:18,080 --> 00:26:20,120 Speaker 1: that emitted order in the coming weeks. You know, they're 450 00:26:20,119 --> 00:26:23,080 Speaker 1: going to essentially argue that this is clarity, but I 451 00:26:23,080 --> 00:26:25,240 Speaker 1: think the backdrop is to build briefly, and what I 452 00:26:25,240 --> 00:26:28,199 Speaker 1: said earlier is that that you know, Biden has in 453 00:26:28,240 --> 00:26:31,600 Speaker 1: some ways, you know, picked up the batons from Trump 454 00:26:31,600 --> 00:26:34,800 Speaker 1: on certain China measures that were Trumps intended to talk 455 00:26:34,880 --> 00:26:38,680 Speaker 1: more about a trade deal and an opportunity uh there 456 00:26:38,800 --> 00:26:41,880 Speaker 1: and sort of rebalancing China in terms of the trade deficit. 457 00:26:42,320 --> 00:26:45,679 Speaker 1: Biden tends to view it a little more adversarially. But 458 00:26:46,400 --> 00:26:48,520 Speaker 1: you know, I think I think certainty was I think 459 00:26:48,520 --> 00:26:52,440 Speaker 1: they go to court given the confusion that interested sure. 460 00:26:52,440 --> 00:26:56,399 Speaker 1: And we also saw earlier today Treasury Secretary Janny Gillen 461 00:26:56,760 --> 00:27:00,160 Speaker 1: having a first phone call with one of her counterparts 462 00:27:00,200 --> 00:27:03,159 Speaker 1: in China. We also saw a call last week with 463 00:27:03,280 --> 00:27:09,000 Speaker 1: US Trade Representative Catherine Tie and her Chinese counterpart, you know, Josh. 464 00:27:09,000 --> 00:27:12,960 Speaker 1: Obviously the Trump administration a big news story near the 465 00:27:13,080 --> 00:27:15,919 Speaker 1: end of their time was this focus on getting a 466 00:27:16,000 --> 00:27:19,520 Speaker 1: trade deal nailed down with China. That Phase one agreement 467 00:27:19,920 --> 00:27:22,760 Speaker 1: is going to expire later this year. What should we 468 00:27:22,840 --> 00:27:25,480 Speaker 1: be expecting and looking out for when it comes to 469 00:27:25,560 --> 00:27:28,560 Speaker 1: how President Biden is going to be approaching this trade 470 00:27:28,560 --> 00:27:31,560 Speaker 1: agreement with China, because it seems like the very earliest 471 00:27:31,560 --> 00:27:34,120 Speaker 1: of talks are underway, but obviously have a long way 472 00:27:34,160 --> 00:27:37,840 Speaker 1: to go. I mean, I think it's very early to say. 473 00:27:37,880 --> 00:27:39,479 Speaker 1: I think what is clear though, that he has not 474 00:27:39,560 --> 00:27:42,399 Speaker 1: gone in with the same sort of let's make a 475 00:27:42,480 --> 00:27:45,960 Speaker 1: deal mantra that his predecessor did. I think Joe Biden 476 00:27:45,960 --> 00:27:48,680 Speaker 1: would be happy to not have any such deal in 477 00:27:48,720 --> 00:27:50,720 Speaker 1: particularly because there's a lot of questions still about how 478 00:27:50,800 --> 00:27:54,639 Speaker 1: much China has actually purchased as measured against what Donald 479 00:27:54,680 --> 00:27:57,800 Speaker 1: Trump said publicly to be the term of the first deal. 480 00:27:58,000 --> 00:28:01,840 Speaker 1: You know, it's uh, it's been lower than terms had 481 00:28:01,880 --> 00:28:04,280 Speaker 1: said would be the case. So look, I think I 482 00:28:04,280 --> 00:28:08,160 Speaker 1: think we'll see those talks will forward. But the deal 483 00:28:08,200 --> 00:28:10,960 Speaker 1: that Biden inherited is just that, the deal that he inherited, 484 00:28:11,119 --> 00:28:13,280 Speaker 1: And I don't think that he feels particularly to wold 485 00:28:13,320 --> 00:28:15,800 Speaker 1: and to make it work. And Josh, I wanted to 486 00:28:15,840 --> 00:28:18,760 Speaker 1: ask you because you just alluded to it that that 487 00:28:18,800 --> 00:28:22,480 Speaker 1: he inherited this. Um. But one thing I hear a 488 00:28:22,520 --> 00:28:26,440 Speaker 1: lot of criticism about from certain sectors is that Biden 489 00:28:26,560 --> 00:28:29,760 Speaker 1: has yet to lay out his approach to China in 490 00:28:29,800 --> 00:28:32,399 Speaker 1: a meaningful way. In fact, I hear this even more 491 00:28:32,440 --> 00:28:35,760 Speaker 1: broadly about his approach to foreign policy. UM, what is 492 00:28:35,800 --> 00:28:38,280 Speaker 1: you well, what are you hearing in terms of how 493 00:28:38,320 --> 00:28:41,200 Speaker 1: the Biden administration is going to differentiate itself. It's got 494 00:28:41,240 --> 00:28:44,960 Speaker 1: some tougher language than say Barack Obama did, but in 495 00:28:45,040 --> 00:28:49,240 Speaker 1: terms of different differentiating differentiating itself from the Trump administration 496 00:28:49,360 --> 00:28:52,800 Speaker 1: visa each China, what are you hearing. You know, it's 497 00:28:52,840 --> 00:28:56,120 Speaker 1: a great question. I know those are definitely criticisms or 498 00:28:56,200 --> 00:28:59,120 Speaker 1: questions that have been circulating. I think the Biden people 499 00:28:59,160 --> 00:29:02,200 Speaker 1: would be something effective, you know, kind of some flack. 500 00:29:02,240 --> 00:29:04,520 Speaker 1: It's only been months, but the clock sticking. I think 501 00:29:04,520 --> 00:29:07,160 Speaker 1: it's it's fair for the sketch out where they're going 502 00:29:07,200 --> 00:29:09,360 Speaker 1: to go. There was a report from our Bloomberg colleagues 503 00:29:09,360 --> 00:29:11,920 Speaker 1: in Europe that one step for instance, might come at 504 00:29:11,920 --> 00:29:13,880 Speaker 1: the G step in about the week we can have 505 00:29:14,040 --> 00:29:16,440 Speaker 1: time that there will be a plan to lay out 506 00:29:16,480 --> 00:29:19,560 Speaker 1: a sort of counter to belt and road more around 507 00:29:19,640 --> 00:29:23,760 Speaker 1: green infrastructure. I think we'll see that sort of measures 508 00:29:23,800 --> 00:29:25,800 Speaker 1: from him. But I think you're absolutely right. Well, what 509 00:29:25,960 --> 00:29:29,680 Speaker 1: Joe Biden sort of thinks about it, it remains a 510 00:29:29,760 --> 00:29:32,800 Speaker 1: little unclear, although I would note and point to that 511 00:29:32,880 --> 00:29:35,840 Speaker 1: statement last week. It was a pride statement around continuing 512 00:29:35,880 --> 00:29:38,920 Speaker 1: investigation into the origins of the coronavirus that peas up 513 00:29:38,920 --> 00:29:42,080 Speaker 1: a report in the fall that could leave Joe Biden's 514 00:29:42,280 --> 00:29:45,760 Speaker 1: sort of smack China for you know, either obfuscating the 515 00:29:45,800 --> 00:29:49,680 Speaker 1: origins of that pandemic or you know, worse, allowing it 516 00:29:49,760 --> 00:29:53,960 Speaker 1: potentially to leak accidentally from that lab and that that 517 00:29:54,040 --> 00:29:56,240 Speaker 1: of course would tup what could be his first meeting 518 00:29:56,240 --> 00:29:58,080 Speaker 1: was specially in g in the fall with the G twenty. 519 00:29:58,200 --> 00:30:00,600 Speaker 1: So I think I think that the app movie right. 520 00:30:00,680 --> 00:30:03,880 Speaker 1: The door has not been opened yet on what exactly 521 00:30:03,920 --> 00:30:06,680 Speaker 1: Joe Biden's full attitude is for China. He kind of 522 00:30:06,680 --> 00:30:08,400 Speaker 1: wants to have a kick and needed two right now. 523 00:30:09,280 --> 00:30:11,160 Speaker 1: You know, they're not rocking the boat too much, but 524 00:30:11,280 --> 00:30:15,120 Speaker 1: signaling that he does want to sort of slowly shift 525 00:30:15,160 --> 00:30:19,400 Speaker 1: the focus to China. Is the arrival of the United States. Well, 526 00:30:19,520 --> 00:30:22,600 Speaker 1: if China is the biggest focus for Biden on an 527 00:30:22,640 --> 00:30:25,680 Speaker 1: international scale, the biggest focus for him on a domestic 528 00:30:25,800 --> 00:30:28,360 Speaker 1: scale has since in the first six months of his 529 00:30:28,400 --> 00:30:32,440 Speaker 1: presidency really been the coronavirus, And today Biden said that 530 00:30:32,480 --> 00:30:35,320 Speaker 1: his administration will be doubling down this month on getting 531 00:30:35,360 --> 00:30:39,040 Speaker 1: more Americans vaccinated. According to the CDC, a little more 532 00:30:39,040 --> 00:30:41,720 Speaker 1: than sixty two percent of adults have gotten at least 533 00:30:41,800 --> 00:30:44,880 Speaker 1: one shot, but the president says he wants seventy percent 534 00:30:44,920 --> 00:30:47,320 Speaker 1: of the adults to get one dose by July four, 535 00:30:47,440 --> 00:30:49,640 Speaker 1: so a little more than a month eight percent left 536 00:30:49,680 --> 00:30:52,920 Speaker 1: to go. We have sound on the President unveiling a 537 00:30:53,000 --> 00:30:57,320 Speaker 1: series of new initiatives, while also reminding Americans of a 538 00:30:57,360 --> 00:31:02,080 Speaker 1: few incentives. Manheiser brush announced the beers on them on 539 00:31:02,240 --> 00:31:04,680 Speaker 1: Joel has a fourth. That's right, get a shot and 540 00:31:04,720 --> 00:31:07,440 Speaker 1: have a beer free beer for everyone twenty one years 541 00:31:07,520 --> 00:31:11,440 Speaker 1: or over to celebrate the independence from the virus. That 542 00:31:11,640 --> 00:31:13,640 Speaker 1: is not the usual beer and shot that I think 543 00:31:13,640 --> 00:31:17,520 Speaker 1: most people think of when they think of that phrase. Uh, Josh, 544 00:31:17,600 --> 00:31:19,880 Speaker 1: talk to me a little bit more about this is 545 00:31:20,000 --> 00:31:23,560 Speaker 1: you know, President Biden set this seventy percent goal. At 546 00:31:23,600 --> 00:31:25,960 Speaker 1: this point, does it seem like he's going to wind 547 00:31:26,040 --> 00:31:29,920 Speaker 1: up meeting it? And if so, what then keith on 548 00:31:29,960 --> 00:31:32,880 Speaker 1: pace to meet that goal right now and or at 549 00:31:32,960 --> 00:31:34,960 Speaker 1: least come close to it, he'd have to see things 550 00:31:35,560 --> 00:31:38,840 Speaker 1: really creator off. And that being said, they have dropped 551 00:31:38,920 --> 00:31:40,320 Speaker 1: quite a bit. About a month and a half, we 552 00:31:40,360 --> 00:31:42,600 Speaker 1: were at three point four million shots a day here 553 00:31:42,640 --> 00:31:45,480 Speaker 1: in the US. Now it's more like one point two, 554 00:31:45,600 --> 00:31:47,800 Speaker 1: although maybe a little bit of a dip because of 555 00:31:47,880 --> 00:31:51,840 Speaker 1: the long weekend. Uh, the seventy average, But I think 556 00:31:51,920 --> 00:31:53,680 Speaker 1: you know what we're seeing clearly as the US is 557 00:31:53,760 --> 00:31:56,280 Speaker 1: running out of arms and they're they're they're going that 558 00:31:56,480 --> 00:31:59,840 Speaker 1: sort of last mile. But the bottom line, it's help 559 00:31:59,880 --> 00:32:02,440 Speaker 1: the shoals will tell you that every more vaccine is 560 00:32:02,680 --> 00:32:04,880 Speaker 1: a go is to step in the right direction, but 561 00:32:04,960 --> 00:32:07,200 Speaker 1: they sort of danced around this question of herd immunity. 562 00:32:07,240 --> 00:32:10,440 Speaker 1: To backgup to this is cases really continue to plunge. 563 00:32:10,640 --> 00:32:12,840 Speaker 1: You know, hopefully that continues to be the case that 564 00:32:13,240 --> 00:32:16,360 Speaker 1: the reopening we thought two weeks ago hasn't spurred or 565 00:32:16,400 --> 00:32:20,040 Speaker 1: doesn't sort of fuel cases that otherwise would not have existed. 566 00:32:20,120 --> 00:32:22,480 Speaker 1: But you know, there's sort of you know, it's gonna 567 00:32:22,480 --> 00:32:25,320 Speaker 1: go step by step on those things like partnerships with 568 00:32:25,600 --> 00:32:29,600 Speaker 1: uh with daycare, Stopper free childcare, extending ours a pharmacy 569 00:32:29,680 --> 00:32:31,520 Speaker 1: saying hey, you know, end of the work week, Friday night, 570 00:32:31,560 --> 00:32:33,200 Speaker 1: you can go to your local farmers we walk in 571 00:32:33,680 --> 00:32:37,040 Speaker 1: and get a shot. More innovative things around college campuses, 572 00:32:37,520 --> 00:32:40,600 Speaker 1: things that partnerships with black owned barbershops. Really sort of 573 00:32:40,640 --> 00:32:43,560 Speaker 1: you know, trying to almost go door to door because 574 00:32:43,640 --> 00:32:46,240 Speaker 1: what the surveys are telling you, what the experts are saying, 575 00:32:46,680 --> 00:32:48,440 Speaker 1: is that there are people out there not who are 576 00:32:48,440 --> 00:32:51,000 Speaker 1: refusing to take it all. Those people definitely exist, but 577 00:32:51,040 --> 00:32:53,120 Speaker 1: there's a cohort of people out there that either you know, 578 00:32:53,200 --> 00:32:56,640 Speaker 1: just still have questions or still haven't had the time, 579 00:32:56,640 --> 00:32:59,800 Speaker 1: they're not willing really, you know, crawl over hurdles to 580 00:33:00,040 --> 00:33:03,320 Speaker 1: get to it, or have confusion around you know, the 581 00:33:03,360 --> 00:33:05,160 Speaker 1: same bates reporting by the New York Times and others 582 00:33:05,200 --> 00:33:09,200 Speaker 1: around in particular like the Latino community, maybe not thinking 583 00:33:09,200 --> 00:33:12,400 Speaker 1: they're either eligible, or people worried about getting a bill 584 00:33:12,480 --> 00:33:14,600 Speaker 1: even though the shot is free. So it's you know, 585 00:33:14,760 --> 00:33:17,600 Speaker 1: we're worried to the sort of steps. I have smashinations 586 00:33:17,640 --> 00:33:19,560 Speaker 1: of it, But as of now, even with the drops 587 00:33:19,680 --> 00:33:23,640 Speaker 1: you've seen, I think it's yeah, it's it's not just 588 00:33:23,720 --> 00:33:26,320 Speaker 1: the federal government. I know that Ohio made a lot 589 00:33:26,360 --> 00:33:28,680 Speaker 1: of news when they came out with their million dollar 590 00:33:28,800 --> 00:33:31,200 Speaker 1: lottery for getting shots. That led to a boost in 591 00:33:31,280 --> 00:33:33,840 Speaker 1: people who are signing up. And I'm seeing this headline 592 00:33:34,120 --> 00:33:36,960 Speaker 1: from the Hill that West Virginia will be giving away 593 00:33:37,360 --> 00:33:40,680 Speaker 1: guns and even trucks as part of a new incentive 594 00:33:40,680 --> 00:33:44,920 Speaker 1: to get residents of the state inaculated against COVID nineteen. 595 00:33:45,280 --> 00:33:48,920 Speaker 1: I mean, Genie, you teach, you know, political science, what 596 00:33:49,040 --> 00:33:50,880 Speaker 1: are your sort of how would you talk approach your 597 00:33:50,920 --> 00:33:53,640 Speaker 1: students about sort of the incentives that the government is 598 00:33:53,680 --> 00:33:58,080 Speaker 1: putting out here for what is really a life saving vaccine. Well, 599 00:33:58,120 --> 00:34:00,280 Speaker 1: I would tell them to move to Ohio and get 600 00:34:00,280 --> 00:34:03,800 Speaker 1: the million dollars versus the free bear. Um no, you know. 601 00:34:03,960 --> 00:34:06,680 Speaker 1: I I do think it is fascinating when we look 602 00:34:06,720 --> 00:34:09,480 Speaker 1: at it globally that in the United States we are 603 00:34:09,600 --> 00:34:12,759 Speaker 1: doing these incentives when this is something it's so much 604 00:34:12,840 --> 00:34:15,319 Speaker 1: in need and other parts of the world. But as 605 00:34:15,400 --> 00:34:18,160 Speaker 1: Josh was just talking about, we are talking about some 606 00:34:18,320 --> 00:34:23,360 Speaker 1: hard to reach populations, transient populations. There's confusion out there, 607 00:34:23,360 --> 00:34:26,120 Speaker 1: people not understanding. You know. I know when I got 608 00:34:26,160 --> 00:34:29,520 Speaker 1: my vaccines, they ask you if you are insured. Of 609 00:34:29,560 --> 00:34:32,200 Speaker 1: course you don't have to be insured, the shot is free, 610 00:34:32,560 --> 00:34:35,120 Speaker 1: but that is the kind of thing that does create 611 00:34:35,239 --> 00:34:39,400 Speaker 1: some confusion amongst people. So I do think it is 612 00:34:39,440 --> 00:34:44,000 Speaker 1: a difficult health policy issue that they're trying to struggle 613 00:34:44,040 --> 00:34:46,800 Speaker 1: to get these people who have been hard to reach 614 00:34:46,880 --> 00:34:50,160 Speaker 1: and to try to clarify that conclusion confusion. So I 615 00:34:50,200 --> 00:34:53,680 Speaker 1: do think these incentives are helpful in that regard. And 616 00:34:53,760 --> 00:34:56,879 Speaker 1: we have to say, Joe Biden, the Biden administration, they 617 00:34:56,920 --> 00:35:00,520 Speaker 1: have exceeded every every sort of um, you know bar 618 00:35:00,680 --> 00:35:04,080 Speaker 1: they've set for this vaccination rate. So I expect that 619 00:35:04,120 --> 00:35:06,560 Speaker 1: they will do fairly well in this one. Yeah, it 620 00:35:06,560 --> 00:35:09,040 Speaker 1: will be interesting to see what will happen next after 621 00:35:09,120 --> 00:35:12,279 Speaker 1: July four if they, as Josh point out, meet that 622 00:35:12,440 --> 00:35:16,560 Speaker 1: goal of getting adults. Is there another goal after that? 623 00:35:16,680 --> 00:35:19,319 Speaker 1: How does the US continue to move forward? But we're 624 00:35:19,360 --> 00:35:21,640 Speaker 1: gonna have to save that for another show. Thank you 625 00:35:21,719 --> 00:35:24,600 Speaker 1: so much today to Jennie shawn Z No, Josh wind 626 00:35:24,600 --> 00:35:29,080 Speaker 1: Grow for joining me here. I'm Emily Wilkins. This is 627 00:35:29,080 --> 00:35:29,680 Speaker 1: Bloomberg