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Speaker 1: Why from our nation's camera. How do we reopen this economy?

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Speaker 1: The latest on how this pandemic is impacting farmers. What

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Speaker 1: does this do for the United States relationship with China?

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Speaker 1: Bloomberg Sound On, The Insiders, the influencers, the insides. We're

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Speaker 1: responding to this crisis and manufacturers are stepping up like

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Speaker 1: never before. We're looking at seventy candidates for different vaccines.

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Speaker 1: How do we make sure a pandemic of this sale

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Speaker 1: never happens again? This is Bloomberg Sound On with Kevin

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Speaker 1: Surrelate on Bloomberg and one oh five h D two.

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Speaker 1: Less than one week until the election, the latest from

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Speaker 1: the campaign trail. We check in with Bloomberg Washington Bureau

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Speaker 1: chief Craig Gordon. All of that plus the SMP five

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Speaker 1: hundred tumbles and the worst stock route in four months.

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Speaker 1: Bloomberg's Katie Greenfield will join us to break down what

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Speaker 1: happened in the markets today, and we check in with

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Speaker 1: Aaron McPike and John Salities for our all star political panel.

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Speaker 1: All of that in an interview with Senator Kevin Kramer,

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Speaker 1: lots you got through? Can you believe it? Folks? Less

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Speaker 1: than one week until the presidential election and of course

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Speaker 1: the all important, equally as important really senate races. Former

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Speaker 1: Vice President Joe Biden was in his home state of Delaware,

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Speaker 1: where he voted early and delivered remarks at the Queen

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Speaker 1: Hotel in Wilmington's Take a listen. This country can't afford

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Speaker 1: former years of a president who thinks he's only responsible

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Speaker 1: for the well being of the people who voted for him. Now,

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Speaker 1: Joe Biden is one of the nearly eighty million Americans

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Speaker 1: who now have already cast their ballot and what is

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Speaker 1: a record shattering early vote turnout. Meanwhile, President Trump, speaking

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Speaker 1: to reporters in Las Vegas after a campaign event, condemned

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Speaker 1: the looting and sometimes violent protests in Philadelphia, located, of course,

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Speaker 1: in the city in Pennsylvania, key battleground state, this following

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Speaker 1: the deadly police shooting of Walter Wallace Jr. Here he is,

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Speaker 1: you can't let that go on again. A Democrat run state,

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Speaker 1: a Democrat run city, Philadelphia. We don't have that. All

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Speaker 1: of that as the Northeast is now running America's biggest

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Speaker 1: COVID nineteen surveillance operation, as the coronavirus resurgence sweeps the country,

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Speaker 1: sending US testing overall to a record here to break

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Speaker 1: down the pandemic, the politics, and of course what's going

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Speaker 1: to be driving the policy is Bloomberg's Washington Bureau chief

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Speaker 1: Craig Gordon Craig. Great to have you on the program.

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Speaker 1: Here we go, buckle up. What's driving the final contours

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Speaker 1: of this election? I think you're seeing right now the

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Speaker 1: coronavirus is doing some of the driving because the Washington

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Speaker 1: Post ABC has a new poll out showing Donald Trump

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Speaker 1: pulling ahead of Joe Biden I'm sorry, Joe pulling out

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Speaker 1: of Donald Trump significantly in the state of Wisconsin, which,

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Speaker 1: as people know, is a state where the coronavirus is spiking. Um.

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Speaker 1: You know, obviously we don't want to minimize the human

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Speaker 1: death toll from coronavirus, but it has a political impact

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Speaker 1: act and you know, the spike that's happening right now

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Speaker 1: is coming at the worst possible time for Donald Trump.

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Speaker 1: It is absolutely reminding everybody that we all have been

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Speaker 1: living with this since January February March. Um, it's coming

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Speaker 1: just a week before election day, and at least in

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Speaker 1: one state that's being kind of racked with the coronavirus

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Speaker 1: right now is actually costing Donald Trump uh a lot

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Speaker 1: of support. Um, I mean, Biden is up there by

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Speaker 1: you know, seventeen points, pretty unheard of. That's probably the

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Speaker 1: widest margin in that poll, one of the widest partinants

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Speaker 1: I've seen in any poll for the state of Wisconsin.

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Speaker 1: And we all know Wisconsin is one of those big

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Speaker 1: blue walls states Biden must have to win and Trump

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Speaker 1: must have to win as well. So Biden looking very

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Speaker 1: strong there right now. And I just can't underscore this enough.

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Speaker 1: The total from uh then Canada, Trump with the nominee

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Speaker 1: Hillary Clinton forty seven point to two percentage points to

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Speaker 1: Hillary Clinton's forty six point four five percentage points. I mean, really,

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Speaker 1: we're just talking about a couple of thousand votes. We

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Speaker 1: all remember what happened in Kenosha County just several months ago.

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Speaker 1: The state of Wisconsin, how thin ten electoral votes this exchange.

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Speaker 1: Can President Trump afford to lose Wisconsin? Does he still

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Speaker 1: have a path You would have to he would have

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Speaker 1: to essentially substitute another state. So right now, you know,

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Speaker 1: if the max sort of breaks down the way it

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Speaker 1: did in sixteen, obviously Trump can kind of recreate his

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Speaker 1: victory there. Uh, If any of the blue Wall states

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Speaker 1: go to Biden. Trump would probably need at least one

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Speaker 1: more state. People look at uh, a place like Minnesota,

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Speaker 1: someplace like that. But his margin is so narrow, and

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Speaker 1: the political report very widely respected. I'm sort of prognosticator.

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Speaker 1: Today moved Texas into the toss up column. Now think

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Speaker 1: about that for a second. The state of Texas. I

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Speaker 1: don't think they've elected a Democrat for president since Lynda B. Johnson,

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Speaker 1: of course, was from Texas. Now being considered possibly in play.

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Speaker 1: Let's not get ahead of ourselves. I think it'd be

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Speaker 1: if if Joe Biden wins Texas, then we have truly

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Speaker 1: moved into an entirely new world order as far as

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Speaker 1: politics in America, as hard for me to see that

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Speaker 1: really happening. But the fact that that's even in the conversation,

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Speaker 1: the fact that the possibility Joe Biden could take a

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Speaker 1: state as deep, deep deep red as Texas shows you

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Speaker 1: just how narrow Trump's passes. He has literally no margin

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Speaker 1: for air. I mean, what does that mean for down

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Speaker 1: ballot candidates in the Senate? I mean, look, that's the

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Speaker 1: other place. You know. Some people are saying, even if

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Speaker 1: Trump pulls off some kind of miracle kind of repeats

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Speaker 1: the miracle from and and gets a an electoral college

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Speaker 1: victory in the face of a Joe Biden popular vote majority.

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Speaker 1: That that doesn't really help with quite as much. In

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Speaker 1: the Senate um, where you do have a great number

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Speaker 1: of endangered seats. You've got Maine, Arizona, Colorado, the list

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Speaker 1: is very, very long for the Republicans. Democrats are worried

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Speaker 1: about Alabama, of course, with Doug Jones down there, kind

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Speaker 1: of a surprise win um. But you could have a

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Speaker 1: scenario where at least the Senate flips Democratic and you know,

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Speaker 1: Trump Biden maybe too close to call for a little while.

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Speaker 1: But we're actually some prognosticators are even starting to talk

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Speaker 1: about the possiblity of ticket splitting where you have. You know,

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Speaker 1: that's a very old fashioned concept. People as old as

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Speaker 1: I am, not as not as not as young as you, Kevin,

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Speaker 1: but old as old as I am. Remember, people sometimes

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Speaker 1: with vote for different parties for the President and the

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Speaker 1: and the House or Senate candidates. Some people who are

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Speaker 1: kind of turned off by Trump might vote for Biden there,

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Speaker 1: but then stick with the Republican candidate for the Senator,

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Speaker 1: for the House district where the person is a little

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Speaker 1: closer to home and maybe they like them better. So look,

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Speaker 1: I to say this is going to be unpredictable, to

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Speaker 1: say this could be chaotic, to say we cannot predict

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Speaker 1: no matter how many crystal balls we stare into. Those

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Speaker 1: are all understatements. At this point, I think we should

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Speaker 1: be prepared for a lot of surprises. You could have

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Speaker 1: a Donald Trump win the state of Minnesota while Joe

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Speaker 1: Biden wins the state of Arizona and you know, goes

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Speaker 1: to the White House, you know. I mean there's a

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Speaker 1: lot of different ways that sort of the this checkerboard

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Speaker 1: could come into play, and almost anything you told me

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Speaker 1: could happen. Trump wins, Biden wins, split ticket, Biden wins

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Speaker 1: but loses the Senate. I'd say, sure, that's all possible.

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Speaker 1: And m J. Hagar is the Democratic Senate candidate from

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Speaker 1: Texas up against a someone who has been in office

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Speaker 1: for for years, Senator John Cornet. Yeah, the Republican incumbent.

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Speaker 1: I mean, you gotta just imagine people like Senate Majority

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Speaker 1: Lee or Mitch McConnell also up for reelection, but Senator

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Speaker 1: John Corner, I mean a Republican from Texas they must

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Speaker 1: be livid at in terms of what had traditionally been

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Speaker 1: a hallmark for conservatives, really like the foundation Bush World,

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Speaker 1: everyone coming from Texas and just to see this shift

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Speaker 1: from the from the incredibly well respected political report, to

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Speaker 1: see that shift tossed moved to a toss up. I mean,

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Speaker 1: it's either fool's gold for Democrats or or it's uh,

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Speaker 1: or it's you know, better over or pulling out the

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Speaker 1: skateboard and going door to door and trying to get

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Speaker 1: out some to pull off an upset Craig. Yeah, I mean,

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Speaker 1: and I I'm again I'm gonna go on the record

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Speaker 1: saying I do think it's a little more in the

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Speaker 1: fool's gold category. That's a great description of it. Democrats

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Speaker 1: have been talking about turning Texas blue. That's kind of

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Speaker 1: their phrase for two or three or four elections. Now, Um,

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Speaker 1: it's a deeply Republican state. It would take a shift

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Speaker 1: to the demographics and in the voting patterns that it's

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Speaker 1: it's hard to imagine happening. That's a very much a

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Speaker 1: long term bet. Obviously, the growing Hispanic population, they're very

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Speaker 1: friendly to the Democratic Party, and you know, it does

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Speaker 1: feel like over time you could see the Texas go

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Speaker 1: back kind of to his original Democratic roots, producing someone

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Speaker 1: like an LBJ back in back in the sixties, but

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Speaker 1: a little harder picture of that inw But you know

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Speaker 1: the fact that John Corner actually has to kind of

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Speaker 1: toss and turning night a little bit about are other

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Speaker 1: people going to come out of the woodwork and vote

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Speaker 1: for his Democratic opponent. The idea of Mitch McConnell himself

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Speaker 1: facing a race down there um in Kentucky. You know,

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Speaker 1: this would have been unheard of two years ago, when

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Speaker 1: the when the economy was still doing well before the virus,

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Speaker 1: and and you know, candidly, I think before people started

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Speaker 1: maybe some voters at least started to get to Philip

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Speaker 1: Donald Trump and and some of the tweeting and some

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Speaker 1: of the other things that he does. So you know,

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Speaker 1: it's been interesting for us here. McConnell, of course, is

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Speaker 1: a very taciturn guy. He's a loyal Republican through and through.

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Speaker 1: But I think as we saw the stimulus um fight collapse,

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Speaker 1: where you know, Minuchon and Pelosi were trying to pull

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Speaker 1: that together at the last minute, Rich mcconne just he

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Speaker 1: didn't play like he just was basically like, my folks

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Speaker 1: will not vote for this, Please don't cut it. The

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Speaker 1: almost the president, I don't I don't really see this happening.

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Speaker 1: And it was one of the most really glaring situations

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Speaker 1: where the Senate Republicans unhitched themselves from Donald Trump to

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Speaker 1: kind of save their own save their own skins and

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Speaker 1: their individual races for the control of the Senate. Absolutely fascinating.

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Speaker 1: Craig Gordon, Washington DC Bureau Chief, joining us to break

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Speaker 1: everything down and listen, folks, I'll just say I don't predict,

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Speaker 1: but if Texas goes blue, it's a blue wave. I

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Speaker 1: think that that's safe to say. If not, uh, then

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Speaker 1: you know, we'll then we'll see what happens. Hey, Greg,

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Speaker 1: let's go Eagles. They played the Cowboys on Sunday. I

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Speaker 1: had to get it in here. Don't ask me who

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Speaker 1: I actually I do know who our quarterback is. What

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Speaker 1: I know you guys are looking more like a desk

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Speaker 1: that my birds. All right, Craig Gordon, cheap the Bureau

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Speaker 1: chief here coming up next, we check in on the

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Speaker 1: on the markets. Go Birds. Sorry d C. I'm Kevin cereally,

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Speaker 1: Chief Washington correspondent for Bluebird TV Radio you're listening to

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Speaker 1: Bloomberg ninety one. This is Bloomberg Sound On with Kevin

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Speaker 1: Shirley on Bloomberg and one oh five point seven f

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Speaker 1: m h D two. COVID has the market spooked. Stocks

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Speaker 1: tumbled in the US and Europe as rising coronavirus infections

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Speaker 1: and tougher lockdowns added to worries about the economic hit

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Speaker 1: from the pandemic. Diving into the Bloomberg terminal, the SMP

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Speaker 1: five next fell three point five per cent, the biggest

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Speaker 1: drop since June, amid a surge in COVID nineteen hospitalizations,

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Speaker 1: especially especially in the Midwest. Political ramifications for the Midwest

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Speaker 1: a theme that we've been covering the past several days,

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Speaker 1: and of course we'll all be looking at those Johns

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Speaker 1: Hopkins University cases and the case counts. Energy shares sank

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Speaker 1: with oil prices, and technology stocks were also among the

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Speaker 1: worst performers. With Microsoft now and after a disappointing forecast,

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Speaker 1: the vix Index, a measure of expected US equity volatility,

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Speaker 1: climbed to the highest level. Get this, The vixen next

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Speaker 1: hot climbed to the highest level since June June. See you, red,

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Speaker 1: I got my Bloomberg chart of the day. More than

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Speaker 1: of S and P five members are declining today declining.

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Speaker 1: Take a listen to Megan Green, senior fellow at the

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Speaker 1: Harvard Kennedy School. She says COVID nineteen lockdowns and restrictions

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Speaker 1: have market spooked. Here. She has the resurgence the virus

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Speaker 1: shouldn't have surprised any of us, but I think it

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Speaker 1: is surprising a lot of investors, particularly as we're seeing

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Speaker 1: some country lockdown again. I think it's generally consensus that

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Speaker 1: no one has any appetite for further lockdowns after what

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Speaker 1: we experienced in March April. And actually we're seeing Ireland Wales,

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Speaker 1: for example, who lockdown pretty pretty severely, and now France

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Speaker 1: and Germany are talking about measures. That was Megan Green

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Speaker 1: speaking earlier today to my colleagues on Bloomberg Television and

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Speaker 1: Bloomberg Radio. She is a senior fellow at the Harvard

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Speaker 1: Kennedy School. Chris Meekins joins us on the line. He

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Speaker 1: has a healthcare policy analyst at Raymond James. Chris, Welcome

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Speaker 1: to the program. What went on in the markets today?

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Speaker 1: They are spooked about the coronavirus. Yeah, I think the

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Speaker 1: markets are spooked about a lot of things. I think

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Speaker 1: coronavirus is one of those. As someone who was a

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Speaker 1: deputy assisted secretary at the Department of Health and Human

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Speaker 1: Services in the area of public health emergencies, I can

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Speaker 1: tell you this was predictable. We knew that his temperatures dropped.

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Speaker 1: People who felt comfortable being outdoors, had had outdoor activities

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Speaker 1: without seeing a spread of the virus would just move

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Speaker 1: those at civities indoors. And that's exactly what we're seeing.

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Speaker 1: If you look at the areas where we're seeing the

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Speaker 1: biggest pops, it's areas where high temperatures were below fifty

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Speaker 1: degrees for a period of time, and so it isn't

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Speaker 1: shocking that we would see this uptick. Additionally, I think

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Speaker 1: you also have some uncertainty around the election bout some

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Speaker 1: investors believing that a blue wave and a Democrats sweep

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Speaker 1: could result and even more Senate seats and they thought

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Speaker 1: initially possible, while some others looking at some of the

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Speaker 1: poll numbers closing wondering whether President Trump can pull a

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Speaker 1: rabbit out of his hat again, which could reignite trade wars.

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Speaker 1: So when you're looking at the week ahead, everything points

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Speaker 1: to more volatility not less, it's remarkable. Chris Meekins is

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Speaker 1: with us. He is now a director of Washington Health

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Speaker 1: Policy Research analyst for Raymond James. He's the former Deputy

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Speaker 1: Assistant Secretary chief. He's the former chiefest aff to the

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Speaker 1: Deputy Assistant Secretary UH for Preparedness and Response at the U.

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Speaker 1: S Department of Health and him in services. He was

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Speaker 1: also UH a chief of staff to Congressman Andy Harris,

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Speaker 1: the Republican from Maryland. So he's incredibly well uh, well

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Speaker 1: studied and experience when it comes to all of these issues.

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Speaker 1: We're thrilled to have Chris with us, especially on a

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Speaker 1: daylight today. All Right, let's pick it apart. So you

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Speaker 1: mentioned the dynamics that are happening not just in the

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Speaker 1: United States, which I think has been lost in the

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Speaker 1: national discourse regarding the upticking cases, but also throughout Europe.

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Speaker 1: Uh And and the uptick has happened in states with

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Speaker 1: more progressive politics as well as conservative politics. UM. But

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Speaker 1: in terms of as it relates to the stimulus front

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Speaker 1: now that we're going to get or now they're saying

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Speaker 1: rather on Capitol Hill that stimulus will come in the

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Speaker 1: Lame Duck price tag T b D. My question to you, sir,

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Speaker 1: is this okay with all of the volatility coming from

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Speaker 1: the elections, is that is how much of a significant

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Speaker 1: risk does election volatility i e. Core cases counting you know,

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Speaker 1: votes and whatnot after November three way into the pressure

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Speaker 1: that lawmakers are going to feel on the stimulus front

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Speaker 1: and the lame duck. Yeah, I think that I'd be

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Speaker 1: really careful just assuming that, oh, they'll get it done

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Speaker 1: in the lame duck session because oh, the assumption was

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Speaker 1: they would get it done in July, and then it

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Speaker 1: was August, and then it was September, and now you

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Speaker 1: get it done before the election, duking Lane duck. Yeah,

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Speaker 1: and now they're talking Lane Duck and then they'll talk, Well,

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Speaker 1: if Democrats sweep, that means we likely would see a

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Speaker 1: greater stimulus package, which I think is true. But unless

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Speaker 1: you use the budget reconciliation process you get creative there.

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Speaker 1: You may need sixty votes in the Senate still, which

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Speaker 1: no one's talking about Democrats getting. So there just needs

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Speaker 1: to be this acceptance that this is not going to

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Speaker 1: be easy. And I think that the markets finally realizing

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Speaker 1: that a bunch of the assumptions they had, including that

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Speaker 1: a fiscal stimulus bill was going to get done, which

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Speaker 1: I would argue was largely priced in the fact that

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Speaker 1: it didn't get done. Now has the market more concerned

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Speaker 1: When you layer on COVID, you layer on the elect shame,

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Speaker 1: you layer on all these different pieces of what's going on,

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Speaker 1: the FED saying they may not have that many additional

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Speaker 1: tools of their toolbox and really needs Congress to do something.

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Speaker 1: None of that is encouraging from a market perspective. With

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Speaker 1: that being said, if you go back and look historically

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Speaker 1: over the last forty years, the market generally trades down

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Speaker 1: in October and then right before the election, and then

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Speaker 1: it tends to make all of it back by your

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Speaker 1: end or by the swearing in of the new president.

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Speaker 1: So this isn't that uncommon for us to see, all right?

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Speaker 1: I think that's such a great point. Okay, And and

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Speaker 1: this is the other thing. I think Jonathan Farareh has

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Speaker 1: been all over this on Bloomberg Shire Valance and of

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Speaker 1: course the host of The Open as well on Bloomberg

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Speaker 1: TV and radio. You know, he's saying, regardless of who

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Speaker 1: wins the presidency, the markets are going to interpret it

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Speaker 1: as a win. If it's Trump, they're gonna say de regulation.

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Speaker 1: If it's Biden, they're going to say more fiscal spending.

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Speaker 1: Am I wrong? Is he wrong? Well? Actually not me.

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Speaker 1: If he's wrong, we'll blame Pharaoh. Go ahead. I don't

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Speaker 1: tell Pharaoh now I'm nervous. Don't tell Pharaoh. Go ahead.

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Speaker 1: In the last forty years, what we know, so it's

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Speaker 1: election to presidents. What we know is that the market

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Speaker 1: for the entire term of a democratic president has gone up.

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Speaker 1: From a healthcare perspective, least, it's rest a lot of

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Speaker 1: my time ten and under Republican presidents it's gone up seven.

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Speaker 1: So what we can see is the market generally speaking,

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Speaker 1: goes up, but that doesn't mean that's always going to

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Speaker 1: be the case for every specific month and every specific

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Speaker 1: period of time. I think regardless of who wins the presidency,

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Speaker 1: the market will be up over the next four years.

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Speaker 1: But that doesn't mean we're not going to have volatility

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Speaker 1: in the near term as the market tries to get

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Speaker 1: a better idea of what all this means. And it

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Speaker 1: also is important why folks like my colleagues and Raymond

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Speaker 1: James to cover individual stocks and so many of the

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Speaker 1: guests you have on are able to offer opinions about

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Speaker 1: how to position yourself going forward. If Trump wins re election,

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Speaker 1: the China trade fight is going to continue and probably

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Speaker 1: to be amplified because he doesn't have to run for

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Speaker 1: re election again, So he's going to be able to

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Speaker 1: do whatever he wants and say whatever he wants, with

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Speaker 1: largely speaking, little accountability to it. It Biden ends up winning,

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Speaker 1: the assumption is while it will be a more traditional

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Speaker 1: administration where we know what policy things could be coming,

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Speaker 1: but it also means if Democrats sweep, you'd probably get

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Speaker 1: a higher corporate tax rate, So you have to take

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Speaker 1: that into account and what that could mean and when

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Speaker 1: the corporate when the capital gains, taxes could go up

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Speaker 1: in timing. So there's just a lot of uncertainty and

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Speaker 1: for the next six days we'll do that now. I

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Speaker 1: think all of us are hoping that on election night

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Speaker 1: we're going to have a result, and I think we're

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Speaker 1: likely than not we'll know what the result is before

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Speaker 1: the market opens on that Wednesday. But it's not outside

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Speaker 1: the realm, and all of us that have lived through

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Speaker 1: with the craziness that it's been knows it's not outside

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Speaker 1: the realm of possibility. That we could have a contested

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Speaker 1: election with any Coney Barrett making it to the Supreme Court.

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Speaker 1: It only increases the likelihood that we would have um

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Speaker 1: some greater uncertainty about a challenge of what that could mean.

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Speaker 1: All right, Chris Meekins, health care policy analysts at Raymond James,

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Speaker 1: Thank you so much, sir for your times. And by

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Speaker 1: the way, a worried about Farah. No one prepares harder

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Speaker 1: than him. I mean, it's he's just a total workhorse,

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Speaker 1: and it's uh, it's awesome to look up to him.

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Speaker 1: Download the Bloomberg sown On podcast on Apple, it teams

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Speaker 1: and Bloomberg dot com, or by downloading the Bloomberg Business app.

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Speaker 1: You can also find me on Radio dot Com, I

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Speaker 1: Heart Radio, and Spotify. Coming up, we check in with

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Speaker 1: our all star political panel. You got a lot to

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Speaker 1: talk about. Buckle up six days of Kevin CURRELLI. You're

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Speaker 1: listening Bloomberg nine and I one. How do we reopen

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Speaker 1: this economy? The latest on how this pandemic is impacting farmers?

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Speaker 1: What does this to form the United States relationship with China?

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Speaker 1: Floomberg sound on the Insiders, the Influencers, the insides. We're

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Speaker 1: responding to this crisis, and manufacturers are stepping up like

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Speaker 1: never before. We're looking at seveny kennidates for different vaccines.

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Speaker 1: How do we make sure a pandemic of this scale

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Speaker 1: never happens again? This is Bloomberg. Sound on with Kevin

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Speaker 1: Surrelate on Bloomberg and one oh fiem h D two

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Speaker 1: buckle up. Six days to go until November three. All

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Speaker 1: of that, plus the markets are spooked over COVID stocks

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Speaker 1: tumbled in the US and Europe. All of that and

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Speaker 1: that Anonymous New York Times Remember that column, the Anonymous

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Speaker 1: New York Times will they released the name with just

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Speaker 1: six days to go? Do you do you believe that

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Speaker 1: both of the candidates were flooding the campaign trail, barn

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Speaker 1: storming across the country. Former Vice President Joe Biden was

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Speaker 1: in his home state at Delaware, where he voted early

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Speaker 1: and delivered remarks at the Queen Hotel in Wilmington, Delaware.

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Speaker 1: Very nice, uh, criticizing President Trump. Now Joe Biden joining

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Speaker 1: the nearly eighty million Americans who have already voted in

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Speaker 1: this election. Wow, record setting early voting in this election.

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Speaker 1: More than fifty percent of the voter total have already

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Speaker 1: voted in this election. Here's Joe Biden. This country can't

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Speaker 1: afford former years of a president who thinks he's only

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Speaker 1: responsible for the well being of the people who voted

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Speaker 1: for him. Meanwhile, President Trump, speaking to reporters in Las

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Speaker 1: Vegas after a campaign event, condemned the looting and sometimes

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Speaker 1: violent protests in Philadelphia, located, of course, in the key

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Speaker 1: battleground state of Pennsylvania, following the deadly police shooting of

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Speaker 1: Walter Wallace Jr. Here he is. You can't let that

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Speaker 1: go on again. A Democrat run state, a Democrat run city, Philadelphia.

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Speaker 1: We don't have that. All of it comes as the

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Speaker 1: Northeast drives record US testing to monitor the COVID nineteen surge.

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Speaker 1: The seven day average of US tests rose to one

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Speaker 1: point two million yesterday, part of an upswing that started

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Speaker 1: about a month ago and it's continued unabated this according

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Speaker 1: to the COVID Tracking Project, The markets are spooked days.

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Speaker 1: The stocks tumbled in the US and in Europe amidst

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Speaker 1: rising coronavirus infections and tougher lockdowns added to worries about

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Speaker 1: the economic hit hit from the coronavirus and Dr Anthony Fauci,

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Speaker 1: lead story on Bloomberg dot Com says that the vaccine

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Speaker 1: won't be ready before January. Here with me for the hour,

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Speaker 1: an all star political panel, Aaron McPike, political and media strategists,

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Speaker 1: and John Siniliti's GEO political strategist at Trilogy Advisors and

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Speaker 1: diplomacy consultant to the U. S. State Department. John. Here

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Speaker 1: we go five out, five days and some hours. Big day. Wow,

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Speaker 1: Welcome to the beautiful, messy world of politics in the

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Speaker 1: United States. I mean, it's almost like we forget this

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Speaker 1: is what happens every four years, and the race is

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Speaker 1: almost always tighten in the last couple of weeks of

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Speaker 1: the race, and it's no different. Maybe it's a bit

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Speaker 1: more dramatic because of the media obsession with Donald Trump

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Speaker 1: and the health condition of Joe Biden and the stakes

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Speaker 1: regarding the way the world is viewing American politics right now,

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Speaker 1: but the fact that they're rushing headlong into all of

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Speaker 1: these swing states to try to secure those last votes.

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Speaker 1: This is what it's all about, Kevin. It is, that's

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Speaker 1: what's all about. It's what political junkies live for. Aaron McPike,

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Speaker 1: I mean, what do you think is really driving the

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Speaker 1: final contours of this election. I put it to my

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Speaker 1: boss Bloomberg Washington Bureau chief Craig Gordon earlier, uh, and

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Speaker 1: I asked him. He said, it's coronavirus. It's all about

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00:23:47,119 --> 00:23:49,000
Speaker 1: the coronavirus at this point. I mean, you look at

429
00:23:49,000 --> 00:23:53,320
Speaker 1: the uptick in Wisconsin, battleground state ten electoral votes, which

430
00:23:53,440 --> 00:23:57,680
Speaker 1: was just on a razor razor than margin for President

431
00:23:57,680 --> 00:24:01,600
Speaker 1: Trump against Hillary Clinton back in Wisconsin. Now you got

432
00:24:01,600 --> 00:24:07,040
Speaker 1: this uptick in cases. Yeah, there's no doubt that this

433
00:24:07,160 --> 00:24:10,240
Speaker 1: race is all about COVID, and it's been all about

434
00:24:10,320 --> 00:24:13,560
Speaker 1: COVID all year long. I mean, as you mentioned, the

435
00:24:13,600 --> 00:24:17,440
Speaker 1: investors are are spooked and the Dallas falling some as

436
00:24:17,440 --> 00:24:20,200
Speaker 1: it has the last couple of days because we are

437
00:24:20,240 --> 00:24:24,960
Speaker 1: not prepared for a second lockdown or this next big

438
00:24:25,000 --> 00:24:27,480
Speaker 1: spike that's happening this fallen winter. But we've been talking

439
00:24:27,520 --> 00:24:29,760
Speaker 1: about it for the last six to eight months that

440
00:24:29,800 --> 00:24:32,480
Speaker 1: we're going to see the spike. And all this is

441
00:24:32,520 --> 00:24:34,480
Speaker 1: doing is shining a light on the fact that the

442
00:24:34,480 --> 00:24:38,359
Speaker 1: Trump administration has not put forward a national plan. So

443
00:24:38,440 --> 00:24:40,960
Speaker 1: you can expect that Joe Biden will hit that over

444
00:24:41,080 --> 00:24:44,480
Speaker 1: and over again when he speaks publicly. Between now an

445
00:24:44,480 --> 00:24:47,600
Speaker 1: election day, although every day is election day, and so

446
00:24:47,640 --> 00:24:50,080
Speaker 1: you're gonna see him saying that because he wants to

447
00:24:50,119 --> 00:24:52,000
Speaker 1: be on the night we knew if he wants people

448
00:24:52,359 --> 00:24:55,120
Speaker 1: to see clips of him saying there is no national

449
00:24:55,160 --> 00:24:58,280
Speaker 1: plan because the Trump administration has not put one forward

450
00:24:58,680 --> 00:25:02,320
Speaker 1: and that's the very first thing he'll do as president elect. Well,

451
00:25:02,320 --> 00:25:03,879
Speaker 1: it's not true. I mean, look, you can be a

452
00:25:03,920 --> 00:25:05,840
Speaker 1: Republican or a Democrat. There is a plan. You can

453
00:25:05,840 --> 00:25:08,680
Speaker 1: disagree with the plan, but the fact of the matter is,

454
00:25:08,720 --> 00:25:10,159
Speaker 1: I mean, there is a plan. You can disagree with

455
00:25:10,200 --> 00:25:12,920
Speaker 1: the implementation of it. You can disagree with whether or

456
00:25:12,960 --> 00:25:15,560
Speaker 1: not he should have done more or taken a different approach.

457
00:25:15,840 --> 00:25:18,280
Speaker 1: But let's cut through the noise here, John sidilides, because

458
00:25:18,520 --> 00:25:21,280
Speaker 1: it's it's for one thing. The criticism, Well, there's not

459
00:25:21,400 --> 00:25:23,800
Speaker 1: there's not testing. Well, I'm looking at the Bloomberg terminal.

460
00:25:24,000 --> 00:25:28,840
Speaker 1: Northeast drives record US testing to monitor COVID nineteen surge,

461
00:25:29,000 --> 00:25:31,760
Speaker 1: as the seven day average of US tests rose to

462
00:25:31,840 --> 00:25:34,719
Speaker 1: one point two million. There were one point two million

463
00:25:34,800 --> 00:25:38,400
Speaker 1: tests in America yesterday. I think that the how does

464
00:25:38,440 --> 00:25:41,280
Speaker 1: the president in the final days to the race, whether

465
00:25:41,400 --> 00:25:42,960
Speaker 1: or not it makes a difference I don't know, but

466
00:25:43,000 --> 00:25:45,600
Speaker 1: John Saidialides, how does the president in the in the

467
00:25:45,640 --> 00:25:51,159
Speaker 1: final days of the race essentially essentially say look, and

468
00:25:51,200 --> 00:25:53,520
Speaker 1: he tried to do this, but there's been an uptick

469
00:25:53,640 --> 00:25:58,560
Speaker 1: in cases in Europe, in progressive countries Germany, in conservative

470
00:25:58,560 --> 00:26:02,280
Speaker 1: countries UK. Here in the United States, how does he

471
00:26:02,400 --> 00:26:08,240
Speaker 1: divorce the politics from the pandemic. It's it's an impossible task, John,

472
00:26:10,359 --> 00:26:12,440
Speaker 1: It's a great challenge because this is a one in

473
00:26:12,520 --> 00:26:16,200
Speaker 1: a one hundred year event, and I think almost everyone,

474
00:26:16,320 --> 00:26:19,760
Speaker 1: honestly has been completely unprepared for this. First of all,

475
00:26:19,760 --> 00:26:21,400
Speaker 1: I think the President that as he has been doing

476
00:26:21,440 --> 00:26:26,040
Speaker 1: all year, has made very clear that this was Chinese incompetence,

477
00:26:26,080 --> 00:26:29,560
Speaker 1: if not deliberate malign activity towards the United States in

478
00:26:29,600 --> 00:26:32,640
Speaker 1: the free world to allow a local outbreak in Wuhan

479
00:26:32,760 --> 00:26:35,320
Speaker 1: to become a global pandemic. Now that it's been a

480
00:26:35,320 --> 00:26:38,239
Speaker 1: pandemic for the last nine months, I think it's very

481
00:26:38,280 --> 00:26:40,600
Speaker 1: important to emphasize the fact that we don't have a

482
00:26:40,720 --> 00:26:44,000
Speaker 1: national parliamentary system the way many of our European allies do,

483
00:26:44,440 --> 00:26:47,040
Speaker 1: where you have a centralized government in a national plan.

484
00:26:47,560 --> 00:26:50,439
Speaker 1: The United States has comprised of fifty sovereign states, and

485
00:26:50,480 --> 00:26:53,560
Speaker 1: it's the governors who have the executive emergency powers, as

486
00:26:53,600 --> 00:26:56,439
Speaker 1: we've seen playing out in the great debate about to

487
00:26:56,560 --> 00:26:58,760
Speaker 1: what extent does the state have a lockdown and how

488
00:26:58,760 --> 00:27:01,360
Speaker 1: long does a lockdown go on? And the federal government

489
00:27:01,359 --> 00:27:05,680
Speaker 1: has almost no say over the attendant economic impacts of

490
00:27:05,720 --> 00:27:09,400
Speaker 1: the pandemic response. And I don't believe a national mask

491
00:27:09,480 --> 00:27:11,960
Speaker 1: mandate is going to resonate with a large number of

492
00:27:12,000 --> 00:27:15,840
Speaker 1: people who are concerned about possible COVID infections but don't

493
00:27:15,840 --> 00:27:18,320
Speaker 1: want to surrender their freedom in that regard, and they

494
00:27:18,359 --> 00:27:22,080
Speaker 1: want to have their common sense trusted. I actually don't

495
00:27:22,080 --> 00:27:25,159
Speaker 1: think that COVID is going to be the overall issue

496
00:27:25,200 --> 00:27:27,120
Speaker 1: going into the last couple of days, because I think

497
00:27:27,160 --> 00:27:30,159
Speaker 1: most Americans have essentially made up their mind as to

498
00:27:30,200 --> 00:27:32,679
Speaker 1: how they're going to address COVID in their lives, in

499
00:27:32,720 --> 00:27:35,520
Speaker 1: their workplace, and in their relationships. And I think it

500
00:27:35,600 --> 00:27:37,480
Speaker 1: really is what kind of a country are we going

501
00:27:37,520 --> 00:27:40,720
Speaker 1: to become in the next four years? And Joe Biden

502
00:27:40,800 --> 00:27:43,000
Speaker 1: keeps talking about how he wants to unite the nation

503
00:27:43,240 --> 00:27:46,040
Speaker 1: and yield the nation because his position is that Trump

504
00:27:46,080 --> 00:27:48,840
Speaker 1: has toured the country apart, and Trump says I'm going

505
00:27:48,880 --> 00:27:52,280
Speaker 1: to rebuild the economy and protect the country from socialists.

506
00:27:52,640 --> 00:27:55,280
Speaker 1: So two very different visions for the United States, and

507
00:27:55,280 --> 00:27:57,520
Speaker 1: I think that's going to be the driving force over

508
00:27:57,560 --> 00:27:59,600
Speaker 1: the next five days. And just to dive into the

509
00:27:59,359 --> 00:28:02,879
Speaker 1: one termine, global tracking of COVID nineteen cases top forty

510
00:28:02,920 --> 00:28:07,280
Speaker 1: four million death death's exceeding one point one six million

511
00:28:07,720 --> 00:28:12,920
Speaker 1: US hotspots Northeast, driving again that record. US testing vaccines

512
00:28:12,920 --> 00:28:15,800
Speaker 1: will not be available in the United States until January

513
00:28:15,920 --> 00:28:19,120
Speaker 1: at the earliest, according to Dr Fauci, the US government's

514
00:28:19,240 --> 00:28:22,640
Speaker 1: top infectious disease experts, And of course, the US also

515
00:28:22,720 --> 00:28:25,480
Speaker 1: agreeing to buy three hundred and seventy five million dollars

516
00:28:25,480 --> 00:28:30,360
Speaker 1: worth of Eli Lilly's experimental COVID nineteen. Anybody if that

517
00:28:30,400 --> 00:28:33,000
Speaker 1: proves to work. Germany and France again, I can't. I

518
00:28:33,080 --> 00:28:36,240
Speaker 1: cannot hammer this point home enough. Germany and France will

519
00:28:36,280 --> 00:28:39,400
Speaker 1: clamp down on movement for at least a month, coming

520
00:28:39,440 --> 00:28:42,520
Speaker 1: close to the stringent lockdowns in the spring is Europe

521
00:28:42,520 --> 00:28:46,440
Speaker 1: seeks to regain control of the rapid spread of the coronavirus.

522
00:28:46,520 --> 00:28:55,680
Speaker 1: I'm Kevin Sirelli. You're listening to Bloomberg. You're listening to

523
00:28:55,760 --> 00:29:00,240
Speaker 1: Bloomberg Sound On with Kevin Surreley on Bloomberge and then

524
00:29:00,280 --> 00:29:04,920
Speaker 1: one Old five two. I love this story. I love

525
00:29:05,280 --> 00:29:09,719
Speaker 1: this story in my Bloomberg Terminal, Steve Garberrino, I got

526
00:29:09,800 --> 00:29:11,840
Speaker 1: we gotta get him on. Matt Shirley, one of our

527
00:29:11,840 --> 00:29:15,520
Speaker 1: producers on the show. He's back in the office, thankfully. Um.

528
00:29:15,560 --> 00:29:19,160
Speaker 1: Steve Garberrino wrote this brilliant story on the Bloomberg Terminal.

529
00:29:19,240 --> 00:29:24,080
Speaker 1: Halloween Terror now on the drive through menu. The Oaks

530
00:29:24,120 --> 00:29:28,680
Speaker 1: Park Haunted drive through offers five frightening options to choose from,

531
00:29:28,720 --> 00:29:33,000
Speaker 1: including one called The Condemned. This year, lots of haunted

532
00:29:33,040 --> 00:29:37,360
Speaker 1: houses are closed, yet there's a detour. Some haunt promoters

533
00:29:37,400 --> 00:29:40,360
Speaker 1: are taking drive through attractions, many of them using conventional

534
00:29:40,360 --> 00:29:44,520
Speaker 1: effects of an indoor spook house moved outdoors. Are trying

535
00:29:44,520 --> 00:29:47,480
Speaker 1: to provide the same sort of jolts and shocks to

536
00:29:47,600 --> 00:29:52,040
Speaker 1: customers who don't leave their vehicles. So this Oaks Park attraction,

537
00:29:52,760 --> 00:29:55,040
Speaker 1: which I don't know what is it near us? No,

538
00:29:55,160 --> 00:29:57,760
Speaker 1: it's in Portland. Huh all right here, I am thinking

539
00:29:57,760 --> 00:30:00,240
Speaker 1: I'm gonna have something fun to do. Uh. The h

540
00:30:00,360 --> 00:30:04,440
Speaker 1: forty four acres this place in Portland's forty four acres

541
00:30:04,440 --> 00:30:08,080
Speaker 1: of the outdoor grounds of the Historic Oaks Amusement Park,

542
00:30:08,400 --> 00:30:12,280
Speaker 1: which has been around since Oh. I love music parks.

543
00:30:12,400 --> 00:30:15,960
Speaker 1: They have um they turn it into like a drive

544
00:30:16,120 --> 00:30:20,080
Speaker 1: through haunted house. So you drive your car through this

545
00:30:20,400 --> 00:30:24,120
Speaker 1: park and you get you get jump scares as they're called.

546
00:30:24,360 --> 00:30:26,960
Speaker 1: Thirty five performers and masks got over the mask. But

547
00:30:27,000 --> 00:30:29,080
Speaker 1: in this case it actually helps them in their industry

548
00:30:29,080 --> 00:30:32,240
Speaker 1: because they have the mask on already for the COVID,

549
00:30:32,280 --> 00:30:35,480
Speaker 1: but it's for Halloween. UM and prosthetics. I guess you

550
00:30:35,480 --> 00:30:39,800
Speaker 1: know the ghoulish. Anyway, eighty bucks per car between seven

551
00:30:39,800 --> 00:30:42,920
Speaker 1: and nine. After nine they slash you what I did there,

552
00:30:43,040 --> 00:30:47,640
Speaker 1: slasher hours, costing about seventy bucks. I think that's awesome,

553
00:30:47,960 --> 00:30:51,400
Speaker 1: you know, going to I love that that entrepreneurship. John

554
00:30:51,440 --> 00:30:54,200
Speaker 1: cine Lads is with me. Aaron McPike. Aaron, would you

555
00:30:54,240 --> 00:31:03,640
Speaker 1: go through a drive through haunted house? No? I would not. Well,

556
00:31:03,640 --> 00:31:09,120
Speaker 1: it's a little Halloween fun, Aaron. Yeah. But part of

557
00:31:09,120 --> 00:31:12,280
Speaker 1: the fun of being in a haunted house is, uh,

558
00:31:12,360 --> 00:31:15,320
Speaker 1: what kind of jumps out at you? So I've I've seen.

559
00:31:15,400 --> 00:31:17,760
Speaker 1: I'm I'm old enough to have been through haunted houses.

560
00:31:17,800 --> 00:31:19,840
Speaker 1: I don't need to I don't need to do it.

561
00:31:20,040 --> 00:31:27,680
Speaker 1: I love this story. I know nobody's going to push

562
00:31:27,720 --> 00:31:30,040
Speaker 1: me around or attack me, and so all the scare

563
00:31:30,200 --> 00:31:33,800
Speaker 1: is gone. You know, I'm not gonna lie my parents,

564
00:31:34,000 --> 00:31:36,520
Speaker 1: who we love back Indelka. It took me to see

565
00:31:36,560 --> 00:31:39,200
Speaker 1: the sixth sense when I was like, I don't know,

566
00:31:39,960 --> 00:31:42,160
Speaker 1: six or seven years old whenever. I mean, I don't

567
00:31:42,200 --> 00:31:43,920
Speaker 1: don't fact check that. I mean, it might have been eight.

568
00:31:44,320 --> 00:31:48,120
Speaker 1: But they filmed it in Philly, and I knew all

569
00:31:48,120 --> 00:31:53,640
Speaker 1: the locations. That movie scared the living heck out of me.

570
00:31:54,080 --> 00:31:56,360
Speaker 1: That's all I can say. All right, switching back to policy,

571
00:31:56,560 --> 00:31:58,880
Speaker 1: because I feel like Christine Barratta, who is off today,

572
00:31:59,240 --> 00:32:01,680
Speaker 1: would be yelling me for going off on a tangent

573
00:32:02,040 --> 00:32:05,360
Speaker 1: for too long. Anyway, Uh, anyone here here about the

574
00:32:05,360 --> 00:32:08,680
Speaker 1: tech hearing on Capitol Hill today? Virtually of course. Uh.

575
00:32:08,760 --> 00:32:11,640
Speaker 1: Jack Dorsey was on Capitol Hill and he took a

576
00:32:11,720 --> 00:32:16,400
Speaker 1: tough questions, tough questions from GOP Senator Ted Cruz. Take

577
00:32:16,400 --> 00:32:20,480
Speaker 1: a listen, Mr Dorsey. Does Twitter have the ability to

578
00:32:20,600 --> 00:32:24,880
Speaker 1: influence elections? No? You don't believe Twitter has any ability

579
00:32:24,880 --> 00:32:28,800
Speaker 1: to influence elections. No. We are one part of a

580
00:32:28,880 --> 00:32:32,200
Speaker 1: spectrum of communication channels that people have. So you're testified

581
00:32:32,200 --> 00:32:34,800
Speaker 1: to this committee right now that that that Twitter when

582
00:32:34,800 --> 00:32:37,400
Speaker 1: it's silences people, when it centers people, when it blocks

583
00:32:37,400 --> 00:32:41,440
Speaker 1: political speech that has no impact on elections people, people

584
00:32:41,480 --> 00:32:44,440
Speaker 1: have choice of other communication channels with which if not,

585
00:32:44,520 --> 00:32:47,360
Speaker 1: if they don't hear information, If you don't think you

586
00:32:47,440 --> 00:32:51,400
Speaker 1: have the power to influence elections, why do you block anything? Uh, Well,

587
00:32:51,440 --> 00:32:54,479
Speaker 1: we have policies that are focused on making sure that

588
00:32:54,520 --> 00:32:57,160
Speaker 1: more voices on the platform are possible. We see a

589
00:32:57,160 --> 00:32:59,840
Speaker 1: lot of abuse and harassment which ends up silencing people

590
00:33:00,040 --> 00:33:03,760
Speaker 1: something to leave from the platform. That was Senator tech

591
00:33:03,800 --> 00:33:07,840
Speaker 1: Cruse talking with Twitter CEO Jack Dorsey. Uh. The tech

592
00:33:07,920 --> 00:33:13,200
Speaker 1: CEOs facing criticism on Capitol Hill, bipartisan criticism for different reasons.

593
00:33:13,400 --> 00:33:16,160
Speaker 1: They ended up being accused by senators of abusing their

594
00:33:16,200 --> 00:33:20,040
Speaker 1: powers over political speech. Of course, only six days until

595
00:33:20,640 --> 00:33:24,360
Speaker 1: uh the election day, and that exchange, Uh, Senator Cruising

596
00:33:24,400 --> 00:33:26,240
Speaker 1: on to say, who the heck and you didn't say heck?

597
00:33:26,400 --> 00:33:29,200
Speaker 1: Who the heck elected you and put you in charge

598
00:33:29,200 --> 00:33:31,880
Speaker 1: of what the media are allowed to report. It was

599
00:33:31,880 --> 00:33:37,040
Speaker 1: a very very poignant question. Aaron McPike. The tech companies

600
00:33:37,280 --> 00:33:41,520
Speaker 1: and Google, Facebook, they're really under a lot of scrutiny

601
00:33:41,560 --> 00:33:45,040
Speaker 1: this go around. Well, they are, and a big part

602
00:33:45,080 --> 00:33:48,600
Speaker 1: of that is because they've gone unregulated for so long.

603
00:33:48,680 --> 00:33:52,240
Speaker 1: And here's the thing, we regulate so many other industries.

604
00:33:52,360 --> 00:33:55,840
Speaker 1: It is important to have some kinds of checks on

605
00:33:56,280 --> 00:33:59,160
Speaker 1: major companies that in many ways, you know, some tech

606
00:33:59,200 --> 00:34:02,680
Speaker 1: companies can function as utilities. So it is important that

607
00:34:02,720 --> 00:34:05,440
Speaker 1: we try to figure out how we can put some

608
00:34:05,560 --> 00:34:08,640
Speaker 1: checks on these guys. Um. And yes, as you said,

609
00:34:09,000 --> 00:34:14,360
Speaker 1: there are bipartisan complaints. Um, Twitter might should have probably

610
00:34:14,760 --> 00:34:19,200
Speaker 1: been checking some information that was not factual a long

611
00:34:19,280 --> 00:34:22,040
Speaker 1: time ago. But once you wait this long, of course,

612
00:34:22,080 --> 00:34:25,480
Speaker 1: you're going to irritate the other side when it hurts them.

613
00:34:25,760 --> 00:34:28,080
Speaker 1: So I think there's gonna be a lot of scrutiny

614
00:34:28,080 --> 00:34:31,120
Speaker 1: on these guys over the next few years, and Capitol

615
00:34:31,200 --> 00:34:33,800
Speaker 1: Hill is going to have to get some kind of action.

616
00:34:34,640 --> 00:34:38,080
Speaker 1: Uh in gear, you know, yeah, it's it's it's really remarkable.

617
00:34:38,080 --> 00:34:40,440
Speaker 1: And to get wonky for a minute, folks, what you're

618
00:34:40,440 --> 00:34:42,080
Speaker 1: gonna be hearing a lot more of is Aeron just

619
00:34:42,080 --> 00:34:47,360
Speaker 1: alluded to a section to thirty of the Communications Decency Act,

620
00:34:47,480 --> 00:34:51,480
Speaker 1: Section two thirty, which allows for companies essentially, so if

621
00:34:51,480 --> 00:34:54,560
Speaker 1: you're online, if you're on a social media platform and

622
00:34:54,719 --> 00:34:58,759
Speaker 1: you you post right now. It allows for the big

623
00:34:58,760 --> 00:35:02,000
Speaker 1: tech companies that the social media platforms to wait to

624
00:35:02,120 --> 00:35:05,000
Speaker 1: step in to moderate the user's speech. So if it's

625
00:35:05,000 --> 00:35:07,959
Speaker 1: hate speech, for example, or a threatening speech right now,

626
00:35:08,120 --> 00:35:12,360
Speaker 1: those companies under Section to thirty Section to thirty, you

627
00:35:12,480 --> 00:35:16,480
Speaker 1: can they can wait. They're not held an account for it.

628
00:35:17,080 --> 00:35:22,160
Speaker 1: So this helps their platforms to grow unencumbered by the

629
00:35:22,320 --> 00:35:26,719
Speaker 1: legal challenges. Google's YouTube, for example, they don't have to

630
00:35:26,800 --> 00:35:30,200
Speaker 1: pre screen the millions of videos that are uploaded daily.

631
00:35:30,719 --> 00:35:34,400
Speaker 1: Facebook for example, doesn't have to read every comment, so

632
00:35:34,560 --> 00:35:37,799
Speaker 1: users can post flow freely and clean them up later

633
00:35:37,840 --> 00:35:42,239
Speaker 1: if if something bad happens. So that is it's a

634
00:35:42,440 --> 00:35:47,200
Speaker 1: uniquely American problem, John citalites, we gotta protect freedom of speech.

635
00:35:48,120 --> 00:35:50,160
Speaker 1: We also got an account for what's going on. John,

636
00:35:50,160 --> 00:35:53,640
Speaker 1: Should it be repealed Section to be repealed? Well, I

637
00:35:53,680 --> 00:35:56,920
Speaker 1: don't there's a clear cut answer here. But the Section

638
00:35:56,960 --> 00:35:59,919
Speaker 1: to thirty issue is with paramount And obviously you've got

639
00:36:00,400 --> 00:36:03,919
Speaker 1: the giants have tech Facebook and Google and Twitter here

640
00:36:04,440 --> 00:36:08,239
Speaker 1: that want to maintain their Section to thirty protections against lawsuits.

641
00:36:08,239 --> 00:36:11,279
Speaker 1: They don't have any liability because they're classified right now

642
00:36:11,400 --> 00:36:15,879
Speaker 1: as platforms, which means that they don't regulate for any

643
00:36:15,880 --> 00:36:20,480
Speaker 1: other purposes except say, users content preferences and to protect

644
00:36:20,480 --> 00:36:23,520
Speaker 1: their consumers, but not by law what is published. But

645
00:36:24,120 --> 00:36:26,719
Speaker 1: if they were to be classified as publishers because they

646
00:36:26,760 --> 00:36:31,280
Speaker 1: are actively curating content, and Republicans and Democrats for different

647
00:36:31,280 --> 00:36:34,880
Speaker 1: purposes will accuse them of censorship or lack of sufficient censorship.

648
00:36:35,200 --> 00:36:38,120
Speaker 1: Democrats very upset about Facebook and what happened with the

649
00:36:38,160 --> 00:36:43,200
Speaker 1: Trump campaign in and Republicans challenging Twitter and Facebook now

650
00:36:43,239 --> 00:36:45,520
Speaker 1: for double standards. All right, we gotta leave it there.

651
00:36:45,560 --> 00:36:47,520
Speaker 1: Coming up next, much more with the panel. You're listening

652
00:36:47,520 --> 00:36:57,600
Speaker 1: to Bloomberg night and nine one. He did them as

653
00:37:02,160 --> 00:37:05,800
Speaker 1: I love this song. I remember back in two thousand sixteen,

654
00:37:05,840 --> 00:37:09,160
Speaker 1: Trump would always play this towards the end. He would

655
00:37:09,160 --> 00:37:11,720
Speaker 1: play these Halloween songs for the rallies of the crowd.

656
00:37:12,080 --> 00:37:15,600
Speaker 1: This is my favorite DC legend, this story. And I'm

657
00:37:15,680 --> 00:37:21,200
Speaker 1: on the government's website. The architect of uh, the architect

658
00:37:21,239 --> 00:37:23,799
Speaker 1: of the Capitol dot gov AOC dot gov, which is

659
00:37:23,840 --> 00:37:28,160
Speaker 1: not that AOC, it's the architect of the capital, which

660
00:37:28,200 --> 00:37:30,840
Speaker 1: is the dot gov. So it's the halls of Congress

661
00:37:31,560 --> 00:37:35,200
Speaker 1: all right, so they wrote the Uh. There was a

662
00:37:35,239 --> 00:37:39,120
Speaker 1: congressman back in the eighteen hundreds seven to be precise,

663
00:37:39,520 --> 00:37:43,200
Speaker 1: named William Preston Talby, and he was shot buyer reporter

664
00:37:43,680 --> 00:37:47,920
Speaker 1: for the Louisville Times. This is because the Louisville Times

665
00:37:47,920 --> 00:37:53,520
Speaker 1: wrote an article alleging that Congressman Talby had an affair.

666
00:37:54,280 --> 00:37:56,759
Speaker 1: Over the next two years, the former member who now

667
00:37:56,880 --> 00:38:02,360
Speaker 1: became a lobbyist. Congressman Talby disgraced. Then he becomes a lobbyist.

668
00:38:03,200 --> 00:38:06,480
Speaker 1: They kept bumping into each other in the halls of Congress. Okay,

669
00:38:06,600 --> 00:38:09,920
Speaker 1: so Tellby would see, is the reporter a much smaller man?

670
00:38:10,040 --> 00:38:12,080
Speaker 1: He was a small He didn't have that much. He

671
00:38:12,600 --> 00:38:16,640
Speaker 1: was a small guy, vertically challenged. I am you know,

672
00:38:16,880 --> 00:38:19,880
Speaker 1: I admitted. By eight nine, the reporter had enough of

673
00:38:19,920 --> 00:38:23,120
Speaker 1: the harassment and shot tal beyond the stairs. He died

674
00:38:23,160 --> 00:38:25,440
Speaker 1: eleven days later. A staying on the stairs in the

675
00:38:25,440 --> 00:38:28,600
Speaker 1: Capitol building is often attributed to the former congressman's blood.

676
00:38:28,880 --> 00:38:35,320
Speaker 1: This is the most haunting story in the Capitol. Happy Halloween, everybody. Um,

677
00:38:35,400 --> 00:38:37,520
Speaker 1: My name is Kevin Silei On, the chief Washington correspondent

678
00:38:37,560 --> 00:38:42,320
Speaker 1: for Bloomberg Television and for Bloomberg Radio. Natalie Wong on

679
00:38:42,360 --> 00:38:47,080
Speaker 1: the Bloomberg terminal. Manhattan bosses pullback expectations for return to office.

680
00:38:47,120 --> 00:38:51,120
Speaker 1: New York's technology and finance bosses are tempering their expectations

681
00:38:51,160 --> 00:38:54,520
Speaker 1: for bringing people back to work. This comes, of course,

682
00:38:55,160 --> 00:39:00,520
Speaker 1: as the virus threat is overshadowing the election in terms

683
00:39:00,520 --> 00:39:04,160
Speaker 1: of what investors are most worried about. A surge in

684
00:39:04,200 --> 00:39:07,839
Speaker 1: coronavirus cases and the attending concern that economic growth will

685
00:39:07,840 --> 00:39:12,120
Speaker 1: slump drove the SMP five too its worst day since June.

686
00:39:12,960 --> 00:39:16,920
Speaker 1: Investors dumped shares of companies that need a robust recovery.

687
00:39:17,040 --> 00:39:19,240
Speaker 1: And all of this comes as now talk a fiscal

688
00:39:19,280 --> 00:39:24,239
Speaker 1: stimulus is not happening obviously before Tuesday's election, but a

689
00:39:24,239 --> 00:39:27,000
Speaker 1: lot of uncertainty, as our our panel has pointed out

690
00:39:27,040 --> 00:39:30,480
Speaker 1: to us, over whether or not it will come even

691
00:39:30,560 --> 00:39:33,800
Speaker 1: during the lame duck. Meanwhile, across the pond in Europe,

692
00:39:34,080 --> 00:39:38,480
Speaker 1: Germany and France about to impose more stringent restrictions similar

693
00:39:38,520 --> 00:39:42,640
Speaker 1: to what happened in March and April, shutting down bars

694
00:39:42,640 --> 00:39:46,239
Speaker 1: and restaurants but allowing for schools and other businesses to

695
00:39:46,280 --> 00:39:50,080
Speaker 1: be opened. Because of the uptick in Europe, I asked

696
00:39:50,400 --> 00:39:53,000
Speaker 1: what all of this means earlier this week, to Senator

697
00:39:53,080 --> 00:39:56,279
Speaker 1: Kevin Kramer, a Republican from North Dakota, in terms of

698
00:39:56,440 --> 00:40:00,319
Speaker 1: when fiscal stimulus relief is coming here, he is, Yeah,

699
00:40:00,360 --> 00:40:02,480
Speaker 1: great question, because I I've always believe there would be

700
00:40:02,480 --> 00:40:05,000
Speaker 1: a Lame Duck deal, and I think is long ago

701
00:40:05,040 --> 00:40:07,560
Speaker 1: as a couple of months ago. Already the window had

702
00:40:07,600 --> 00:40:12,440
Speaker 1: gotten pretty tight for a pre election deal, partly because

703
00:40:12,600 --> 00:40:14,200
Speaker 1: some people were waiting to see how the rest of

704
00:40:14,239 --> 00:40:17,200
Speaker 1: it still played out, partly because we're getting closer to

705
00:40:17,239 --> 00:40:19,600
Speaker 1: the election and nobody wanted there to be winner winners,

706
00:40:19,600 --> 00:40:23,080
Speaker 1: only losers. And while the White House and the and

707
00:40:23,239 --> 00:40:26,400
Speaker 1: the U. S House were negotiating up um, you know,

708
00:40:26,440 --> 00:40:28,759
Speaker 1: the Republican Senate was hanging tight at about half a

709
00:40:28,800 --> 00:40:31,640
Speaker 1: trillion dollars. And so I never really did think we

710
00:40:31,640 --> 00:40:33,239
Speaker 1: were going to get a deal before the election. I

711
00:40:33,280 --> 00:40:35,960
Speaker 1: was hopeful, but you asked the magical question, that is,

712
00:40:36,160 --> 00:40:39,120
Speaker 1: and how much? And I think it in the Lame

713
00:40:39,239 --> 00:40:42,840
Speaker 1: Duck regardless of the election result. Now the election result

714
00:40:42,960 --> 00:40:46,120
Speaker 1: will no doubt informed to some degree what that number

715
00:40:46,160 --> 00:40:48,799
Speaker 1: might be. But either way, I think the pressure belve

716
00:40:48,840 --> 00:40:52,680
Speaker 1: gets gets opened, and people get back to at least

717
00:40:52,760 --> 00:40:54,719
Speaker 1: some semis the normal, and it will be a number

718
00:40:54,760 --> 00:40:56,799
Speaker 1: between the two trillion that they're talking about now in

719
00:40:56,840 --> 00:40:58,719
Speaker 1: the half a trillion that Republicans. And what do you

720
00:40:58,719 --> 00:41:00,480
Speaker 1: say to folks who say, you know, we just can't

721
00:41:00,520 --> 00:41:03,480
Speaker 1: afford to spend upwards of two trillion dollars, I say,

722
00:41:03,520 --> 00:41:05,880
Speaker 1: you're right, but we also can't afford to do nothing.

723
00:41:06,360 --> 00:41:08,800
Speaker 1: And uh, and while the debt and the depths that

724
00:41:08,960 --> 00:41:11,960
Speaker 1: certainly are important, and obviously there's skyrocketing, but we pretty

725
00:41:12,040 --> 00:41:14,239
Speaker 1: much threw the host rules out the window when we

726
00:41:14,320 --> 00:41:16,880
Speaker 1: passed the not not just the Cares Act, but that

727
00:41:17,000 --> 00:41:19,600
Speaker 1: you know, trillion dollars worth or so before that. Even

728
00:41:19,920 --> 00:41:23,200
Speaker 1: so you know, now it's a matter of how much

729
00:41:23,239 --> 00:41:25,360
Speaker 1: is necessary. I think at that at the point of

730
00:41:25,400 --> 00:41:27,279
Speaker 1: the Cares Act, we didn't know how long it would last.

731
00:41:27,280 --> 00:41:30,279
Speaker 1: I don't think anybody anticipated that the downturn would last

732
00:41:30,280 --> 00:41:33,040
Speaker 1: this long. There's been some nice recovery, Kevin, certainly in

733
00:41:33,080 --> 00:41:36,359
Speaker 1: lots of areas. However, I maintained it's very fragile. You

734
00:41:36,400 --> 00:41:40,200
Speaker 1: mentioned investors up front. I think investors are watching very carefully,

735
00:41:40,560 --> 00:41:43,399
Speaker 1: and the Federal Reserve is pretty much, you know, done

736
00:41:43,400 --> 00:41:46,920
Speaker 1: all they can with liquidity tools that they have. It

737
00:41:47,040 --> 00:41:49,680
Speaker 1: really is upon what specifically are you fighting for in

738
00:41:49,719 --> 00:41:52,200
Speaker 1: the next simulus. Yeah. So one of the big things

739
00:41:52,239 --> 00:41:55,520
Speaker 1: I think is paycheck protection forgiveness. I think that's been

740
00:41:55,600 --> 00:41:59,239
Speaker 1: clumsily handled by the s b A. I think a

741
00:41:59,239 --> 00:42:04,239
Speaker 1: lot of our lenders at every level, large small credit unions, banks, um,

742
00:42:04,280 --> 00:42:07,920
Speaker 1: you know, they they encouraged, strongly encouraged, after our encouragement

743
00:42:08,400 --> 00:42:10,880
Speaker 1: to get a lot of borrowers into the p p P.

744
00:42:11,040 --> 00:42:13,680
Speaker 1: A lot of people have been pleased with it. However, um,

745
00:42:13,680 --> 00:42:16,120
Speaker 1: it was always designed to be forgiven if people used

746
00:42:16,120 --> 00:42:18,359
Speaker 1: it to maintain their payrolls. People have been doing that,

747
00:42:18,560 --> 00:42:21,120
Speaker 1: and now the bureaucracy kicks in. I think we have

748
00:42:21,160 --> 00:42:23,080
Speaker 1: to do that. But I think we have to help

749
00:42:23,120 --> 00:42:25,640
Speaker 1: the airline industry. And I know some people think, well,

750
00:42:25,680 --> 00:42:28,799
Speaker 1: that's just a bunch of billionaires, rich people, you know,

751
00:42:29,000 --> 00:42:32,720
Speaker 1: next to energy itself. I think the airline industry probably

752
00:42:32,760 --> 00:42:35,319
Speaker 1: touches the value chain of just about everything in the

753
00:42:35,400 --> 00:42:38,160
Speaker 1: in our economy, and they need some help until we

754
00:42:38,160 --> 00:42:40,520
Speaker 1: can get you know, demand back. Well, let's talk about energy,

755
00:42:40,560 --> 00:42:43,720
Speaker 1: because last week in Nashville, at the final presidential debate,

756
00:42:43,760 --> 00:42:47,280
Speaker 1: there was a key moment where Democratic presidential nominee Joe Biden.

757
00:42:47,680 --> 00:42:50,880
Speaker 1: UH said that he was not against banning fracking, he

758
00:42:51,040 --> 00:42:54,520
Speaker 1: was against banning fracking on federal land, and then he

759
00:42:54,560 --> 00:42:56,560
Speaker 1: went on to say that he would like to have

760
00:42:56,680 --> 00:43:01,359
Speaker 1: zero emissions by how do you square the circle? Well,

761
00:43:01,400 --> 00:43:04,160
Speaker 1: you can't, and that's the problem. That's why I think

762
00:43:04,200 --> 00:43:07,080
Speaker 1: that his message was incoherent, and to the degree that

763
00:43:07,120 --> 00:43:10,000
Speaker 1: it was UM what he meant to say, it was frightening.

764
00:43:10,239 --> 00:43:13,879
Speaker 1: I mean, he did clean up the um. He said

765
00:43:14,120 --> 00:43:20,520
Speaker 1: complete zero emissions, which is absolutely impossible. Obviously, a net

766
00:43:20,680 --> 00:43:23,719
Speaker 1: zero by twenty fifty is what the you know, the

767
00:43:23,800 --> 00:43:27,800
Speaker 1: United Nations, the I p c C is advocating for UM.

768
00:43:27,840 --> 00:43:30,359
Speaker 1: So he's very confused. I think he doesn't know much

769
00:43:30,400 --> 00:43:33,040
Speaker 1: about energy policy. Quite honestly, Well, what do you what

770
00:43:33,080 --> 00:43:35,600
Speaker 1: do you say to the family of of refinery workers

771
00:43:35,680 --> 00:43:38,080
Speaker 1: or the refinery employees. I mean, I know energy is

772
00:43:38,080 --> 00:43:41,040
Speaker 1: such a crucial economic engine in your state. You defeated

773
00:43:41,080 --> 00:43:45,319
Speaker 1: a Democratic incumbent in your last election. Uh, energy played

774
00:43:45,320 --> 00:43:48,400
Speaker 1: a crucial role in that specific election. I mean, what

775
00:43:48,400 --> 00:43:51,400
Speaker 1: do you say to refinery workers who have been pummeled

776
00:43:51,400 --> 00:43:54,000
Speaker 1: by the economic downturn this year and who are trying

777
00:43:54,000 --> 00:43:57,240
Speaker 1: to understand and they don't really Maybe they're for Trump,

778
00:43:57,239 --> 00:43:59,640
Speaker 1: maybe they're against Trump, maybe there four Biden or against Biden,

779
00:43:59,680 --> 00:44:02,560
Speaker 1: but they're trying to figure out what their economic forecast

780
00:44:02,640 --> 00:44:05,640
Speaker 1: is going to be for not their portfolio but for

781
00:44:05,680 --> 00:44:09,040
Speaker 1: their kitchen counter. Well, no question. So when you talk

782
00:44:09,120 --> 00:44:12,520
Speaker 1: about a desire to transition away from oil and gas,

783
00:44:12,640 --> 00:44:14,600
Speaker 1: first of all, it's I don't even know why you

784
00:44:14,640 --> 00:44:16,440
Speaker 1: would want to do that. We are we have an

785
00:44:16,480 --> 00:44:18,719
Speaker 1: abundance of this resource in the United States. We've gone

786
00:44:18,760 --> 00:44:21,279
Speaker 1: from being a net exporter to a net from a

787
00:44:21,320 --> 00:44:24,040
Speaker 1: net importer to a net exporter. That has a national

788
00:44:24,400 --> 00:44:28,200
Speaker 1: security implications as well as economic implications. Um, so I

789
00:44:28,239 --> 00:44:29,800
Speaker 1: think we have to tell them as no, no, we're

790
00:44:29,840 --> 00:44:32,880
Speaker 1: not going to transition away until there's all until there's

791
00:44:32,920 --> 00:44:35,880
Speaker 1: some other market force that requires it. We're just going

792
00:44:35,920 --> 00:44:39,040
Speaker 1: to find cleaner ways to utilize. Um, you know, oil

793
00:44:39,080 --> 00:44:41,640
Speaker 1: and gas and coal and the other the other baseload

794
00:44:41,880 --> 00:44:45,040
Speaker 1: fuel sources that are so important in the value chain

795
00:44:45,040 --> 00:44:48,560
Speaker 1: of the global economy. So uh, you know, everything we

796
00:44:48,840 --> 00:44:53,439
Speaker 1: consume touches energy, or energy touches that every value chain,

797
00:44:53,520 --> 00:44:58,440
Speaker 1: every supply chain of everything we grow, produced, manufacture is

798
00:44:58,480 --> 00:45:02,239
Speaker 1: touched by the energy supply change, so we have to

799
00:45:02,320 --> 00:45:06,080
Speaker 1: fight not just for those workers, but for everything that

800
00:45:06,160 --> 00:45:09,040
Speaker 1: they represent, not as national security, economic security as well.

801
00:45:09,080 --> 00:45:10,880
Speaker 1: Final question for you, I mean from your sense as

802
00:45:10,920 --> 00:45:13,319
Speaker 1: a center not up for real election, I mean, what

803
00:45:13,480 --> 00:45:17,320
Speaker 1: what's the mood is? Do you sense a shift coming

804
00:45:17,520 --> 00:45:21,160
Speaker 1: or do you sense a long term political fight for

805
00:45:21,200 --> 00:45:24,200
Speaker 1: the results? I mean where where My hope is that

806
00:45:24,239 --> 00:45:26,080
Speaker 1: the results won't be a long term fight. I mean,

807
00:45:26,120 --> 00:45:28,480
Speaker 1: I know, we know that that's possible. I think there's

808
00:45:28,480 --> 00:45:31,600
Speaker 1: a lot of romance sort of built around that idea. UM.

809
00:45:31,880 --> 00:45:34,640
Speaker 1: I certainly hope we can avoid that. UM. My sense

810
00:45:34,719 --> 00:45:37,360
Speaker 1: right now is is that the president's gaining some momentum.

811
00:45:37,680 --> 00:45:40,439
Speaker 1: What's unknown is that we're in this very peculiar time

812
00:45:40,440 --> 00:45:43,800
Speaker 1: where you know, half the country's voting early, um, and

813
00:45:43,800 --> 00:45:47,240
Speaker 1: and those votes are coming in pretty rapidly. Uh, there'll

814
00:45:47,239 --> 00:45:49,560
Speaker 1: be some shifting. I mean many votes for a castle

815
00:45:49,600 --> 00:45:52,040
Speaker 1: that it's not something like fifty million before. Joe Biden

816
00:45:52,120 --> 00:45:55,399
Speaker 1: had his snaffleo over energy policy the other day at

817
00:45:55,400 --> 00:45:57,320
Speaker 1: a debate, by the way, where I thought the President

818
00:45:57,360 --> 00:46:01,000
Speaker 1: performed beautifully and very well. But all of that said,

819
00:46:01,040 --> 00:46:04,000
Speaker 1: I do feel a momentum shift. What the result is

820
00:46:04,000 --> 00:46:05,560
Speaker 1: going to be nobody knows. That's why we do it

821
00:46:05,600 --> 00:46:09,799
Speaker 1: every four years. That was Senator Kevin Kramer, a Republican

822
00:46:10,239 --> 00:46:13,880
Speaker 1: from North Dakota, and really, I think he just captured

823
00:46:13,920 --> 00:46:19,799
Speaker 1: their folks just how much lawmakers in Congress are at

824
00:46:19,800 --> 00:46:26,320
Speaker 1: a standstill of Kevin cur Really. Chief Washington corresponded Bloomberg

825
00:46:26,320 --> 00:46:30,120
Speaker 1: TV and Radio. This is such a good song you're

826
00:46:30,120 --> 00:46:51,680
Speaker 1: listening to Bloomberg. This is Bloomberg's sound on with Kevin

827
00:46:51,680 --> 00:46:56,080
Speaker 1: Surreley on Bloomberg and one oh five point seven FM

828
00:46:56,239 --> 00:47:00,239
Speaker 1: HD two. I'm Kevin Surreally, Chief Washington correspond in form

829
00:47:00,239 --> 00:47:06,560
Speaker 1: Bloomberg Television in Bloomberg Radio All Star Panel. The panel

830
00:47:06,640 --> 00:47:11,120
Speaker 1: Aaron McPike, Political immedia strategist Aaron, what was your best

831
00:47:11,160 --> 00:47:16,319
Speaker 1: Halloween costume? I was a wizard when I was in

832
00:47:16,560 --> 00:47:19,919
Speaker 1: third or fourth grade and I made it myself. Lots

833
00:47:19,960 --> 00:47:23,320
Speaker 1: of glitter. It was fun always, God, I love glitter.

834
00:47:23,760 --> 00:47:27,600
Speaker 1: What okay, wait, so were you a specific wizard? Were

835
00:47:27,640 --> 00:47:33,320
Speaker 1: you Dumbledore? Were you Merlin? I was Merlin? I was Merlin.

836
00:47:33,719 --> 00:47:35,440
Speaker 1: That's fun. That's a good one. Why, I mean, why

837
00:47:35,440 --> 00:47:37,680
Speaker 1: do you sound a little like you know? Merlin's a

838
00:47:37,719 --> 00:47:42,200
Speaker 1: good one? I thought, so, Yeah, all right, John Sidlits,

839
00:47:42,280 --> 00:47:46,120
Speaker 1: what was your best Halloween costume? I was afraid you

840
00:47:46,160 --> 00:47:52,359
Speaker 1: were going to ask, but have come true when I

841
00:47:52,440 --> 00:47:59,839
Speaker 1: was younger and much more spelled mic comparis of what exactly? Yeah,

842
00:48:00,040 --> 00:48:04,200
Speaker 1: that's what I was afraid. Okay, you know what I was?

843
00:48:05,080 --> 00:48:07,680
Speaker 1: This this? Okay? So I went through a phase when

844
00:48:07,719 --> 00:48:09,920
Speaker 1: I was a kid where I was a bunch of

845
00:48:09,920 --> 00:48:13,520
Speaker 1: different foods for Halloween. One year, I was a pack

846
00:48:13,560 --> 00:48:16,799
Speaker 1: of Life Savers. Another year, I know you can't make

847
00:48:16,840 --> 00:48:21,640
Speaker 1: this up. Another year, I was a pizza pizza. That

848
00:48:21,760 --> 00:48:24,480
Speaker 1: was a fun one. And then my favorite, I was

849
00:48:24,560 --> 00:48:28,040
Speaker 1: French fries. I literally dressed up like a pack of

850
00:48:28,080 --> 00:48:30,839
Speaker 1: French fries. It was a great costume. I didn't win.

851
00:48:31,320 --> 00:48:34,240
Speaker 1: I didn't win, who knows, but I remember that I lost.

852
00:48:34,560 --> 00:48:37,680
Speaker 1: You know, I'm not competitive or anything. All right, Uh,

853
00:48:37,760 --> 00:48:40,040
Speaker 1: now it's time for my I should have had a

854
00:48:40,080 --> 00:48:43,879
Speaker 1: costume contest. We should have done a virtual or audio

855
00:48:44,160 --> 00:48:48,279
Speaker 1: on an audio a radio listening. Oh, we could have

856
00:48:48,320 --> 00:48:52,040
Speaker 1: done that, um contest. I love Halloween, I really do. Um.

857
00:48:52,040 --> 00:48:53,840
Speaker 1: But now it'side for my favorite part of the program,

858
00:48:53,880 --> 00:48:57,000
Speaker 1: which is what is on the panel's radar. Aaron McPike,

859
00:48:57,080 --> 00:49:04,399
Speaker 1: what is on your radar outing of Miles Taylor. Yes,

860
00:49:04,480 --> 00:49:11,200
Speaker 1: still line erin go Ahead, the former DHS chief of

861
00:49:11,320 --> 00:49:18,640
Speaker 1: staff who has finally announced that he is anonymous behind

862
00:49:18,880 --> 00:49:21,760
Speaker 1: the anonymous op ed in the New York Times calling

863
00:49:21,760 --> 00:49:25,520
Speaker 1: out Donald Trump and his administration back in and the

864
00:49:25,600 --> 00:49:30,719
Speaker 1: author of the book by Anonymous. And I guess he

865
00:49:30,800 --> 00:49:33,920
Speaker 1: considered this an October surprise because it's with less than

866
00:49:34,000 --> 00:49:36,560
Speaker 1: one week to go before the election is over. But

867
00:49:37,200 --> 00:49:43,680
Speaker 1: it landed with a thud in Washington because I gotta

868
00:49:43,719 --> 00:49:46,960
Speaker 1: be honest, I mean, and I really, I gotta be candid.

869
00:49:46,760 --> 00:49:49,600
Speaker 1: I had to google him and and that's me being

870
00:49:49,640 --> 00:49:52,759
Speaker 1: incredibly honest. So I don't think this was the what

871
00:49:52,840 --> 00:49:55,879
Speaker 1: do you think, Aaron, I mean, as a what's your

872
00:49:55,920 --> 00:49:59,280
Speaker 1: take on on the cloud that he has in terms

873
00:49:59,320 --> 00:50:03,000
Speaker 1: of what we who the level of a caliber of

874
00:50:03,080 --> 00:50:05,239
Speaker 1: person that we thought, well, I thought it was a

875
00:50:05,239 --> 00:50:08,200
Speaker 1: cabinet official. I thought that's how the Times described it.

876
00:50:09,040 --> 00:50:11,239
Speaker 1: I thought it was a cabinet official as well, or

877
00:50:11,680 --> 00:50:16,239
Speaker 1: potentially John Kelly or someone of that stature. Wasn't And

878
00:50:16,800 --> 00:50:20,000
Speaker 1: Miles Taylor is only thirty four years old, which means

879
00:50:20,040 --> 00:50:24,400
Speaker 1: that he came into the administration at about thirty one. Um,

880
00:50:24,560 --> 00:50:28,719
Speaker 1: and you know, and he certainly had a nice education

881
00:50:29,440 --> 00:50:33,359
Speaker 1: and upbringing, but I don't know how how how much

882
00:50:33,400 --> 00:50:35,600
Speaker 1: that should factor into the New York kind of decision

883
00:50:35,640 --> 00:50:38,200
Speaker 1: to publish it. But being chief of staff to a

884
00:50:38,200 --> 00:50:40,800
Speaker 1: cabinet secretary, in some cases that might be a powerful

885
00:50:40,840 --> 00:50:44,880
Speaker 1: position and others less so. But this was a bad decision.

886
00:50:45,080 --> 00:50:48,640
Speaker 1: And honestly, he seemed to use his purch to get

887
00:50:48,680 --> 00:50:53,799
Speaker 1: this book deal and also a TV contract, And it

888
00:50:53,840 --> 00:50:56,920
Speaker 1: doesn't it doesn't really seem. It seems to me like

889
00:50:56,960 --> 00:51:01,640
Speaker 1: it's a spineless thing to do. And and he I

890
00:51:01,680 --> 00:51:04,760
Speaker 1: think really is going to be mocked over the next

891
00:51:04,840 --> 00:51:07,279
Speaker 1: couple of weeks, as he should be, and as The

892
00:51:07,440 --> 00:51:12,080
Speaker 1: York Times should be for publishing it. I mean, this

893
00:51:12,200 --> 00:51:16,120
Speaker 1: was an incredibly in in you know, there was talk

894
00:51:16,280 --> 00:51:17,960
Speaker 1: that this was Mike Petts. I mean that was in

895
00:51:17,960 --> 00:51:22,480
Speaker 1: the rumor mill and it Aaron Is, I think you

896
00:51:22,600 --> 00:51:26,080
Speaker 1: just brilliantly laid it out, John, come in here. Uh,

897
00:51:26,760 --> 00:51:30,279
Speaker 1: nothing against I don't. I just was stunned that they

898
00:51:30,480 --> 00:51:34,880
Speaker 1: that The New York Times would publish an anonymous op

899
00:51:35,120 --> 00:51:40,640
Speaker 1: ed and all of the news cycle that that drove John. Um, yeah,

900
00:51:40,680 --> 00:51:44,640
Speaker 1: I mean your your thoughts. I don't think I have

901
00:51:44,760 --> 00:51:47,880
Speaker 1: much to add to this. Uh, It's it's a sad story,

902
00:51:47,960 --> 00:51:49,879
Speaker 1: and I think it says more about the New York

903
00:51:49,920 --> 00:51:53,960
Speaker 1: Times and media institutions than it does about Mr Taylor.

904
00:51:54,680 --> 00:51:59,520
Speaker 1: The the obsession with Donald Trump. It's down, you know,

905
00:51:59,600 --> 00:52:02,719
Speaker 1: It's just it got us nowhere, and I don't think

906
00:52:02,760 --> 00:52:06,040
Speaker 1: it really helps the civic discussion in this country about

907
00:52:06,360 --> 00:52:09,319
Speaker 1: policy and politics in a very constructive manner. So not

908
00:52:09,440 --> 00:52:12,000
Speaker 1: much more to say there. All right, what's on? What's

909
00:52:12,000 --> 00:52:15,000
Speaker 1: on your radar? Well, you know, Kevin, you always bring

910
00:52:15,040 --> 00:52:17,480
Speaker 1: me on for geopolitics. Yes, I do. I always do.

911
00:52:17,560 --> 00:52:19,800
Speaker 1: And I feel bad that we're in like political season

912
00:52:19,800 --> 00:52:21,919
Speaker 1: because I always learned when I talked to John. John

913
00:52:21,920 --> 00:52:24,959
Speaker 1: always teaches me go ahead. The world doesn't care about

914
00:52:24,960 --> 00:52:27,319
Speaker 1: American politics as much as we think it does. So

915
00:52:27,360 --> 00:52:30,280
Speaker 1: we have now the possibility of a low level Russia

916
00:52:30,400 --> 00:52:35,200
Speaker 1: Turkey proxy war in the underassessed, under analyzed caucuss battle

917
00:52:35,239 --> 00:52:39,360
Speaker 1: between Azerbaijan and Armenia. And you have now the Russians,

918
00:52:39,400 --> 00:52:42,239
Speaker 1: who have three times put together ceasefires, including with the

919
00:52:42,280 --> 00:52:45,640
Speaker 1: support of the United States and France, dias arias keep

920
00:52:45,719 --> 00:52:48,840
Speaker 1: violating the ceasefire and now the Russians are putting pressure

921
00:52:48,880 --> 00:52:52,240
Speaker 1: on the Turks. They're shooting down Turkish drones in Armenia

922
00:52:52,400 --> 00:52:57,040
Speaker 1: and Azerbaijan. They struck eighty Turkish back fighters in Syria,

923
00:52:57,120 --> 00:53:00,040
Speaker 1: kill them all, and enough beefing up pressure against O

924
00:53:00,920 --> 00:53:04,560
Speaker 1: Glibbya forces that Turkey is backing in Libya. So on

925
00:53:04,719 --> 00:53:08,560
Speaker 1: three different fronts we have tightening tensions between Russia and Turkey.

926
00:53:08,719 --> 00:53:10,640
Speaker 1: I gotta make sure this thing doesn't blow out into

927
00:53:10,680 --> 00:53:14,200
Speaker 1: something bigger. That is so brilliant, that is so brilliant.

928
00:53:14,239 --> 00:53:16,080
Speaker 1: And again I'm gonna I'm gonna bring it back here

929
00:53:16,480 --> 00:53:21,719
Speaker 1: for a second. Is NATO on the same page for this, John, Well,

930
00:53:21,800 --> 00:53:26,280
Speaker 1: NATO is not very much involved in the Armenia Azerbaijan battle.

931
00:53:26,480 --> 00:53:28,680
Speaker 1: France is very much on our Menia side, but most

932
00:53:28,680 --> 00:53:31,440
Speaker 1: of the countries have set that out. What's fascinating, trance

933
00:53:31,480 --> 00:53:35,840
Speaker 1: has gotten there's a major split inside of NATO regarding

934
00:53:35,880 --> 00:53:38,600
Speaker 1: the future of Libya. And that's a huge issue that

935
00:53:38,880 --> 00:53:42,239
Speaker 1: NATO members pitted against one another in Libya. Wow, yeah,

936
00:53:42,280 --> 00:53:44,799
Speaker 1: that is that is very, very huge And John, you

937
00:53:44,880 --> 00:53:47,640
Speaker 1: and I will catch up about that off line. John

938
00:53:47,680 --> 00:53:51,000
Speaker 1: silis with our geopolitical radar for the day. Here's it's

939
00:53:51,040 --> 00:53:53,359
Speaker 1: all my radar, bringing it back to the Keystone State.

940
00:53:53,400 --> 00:53:56,200
Speaker 1: Because we are five, five days and some hours away

941
00:53:56,520 --> 00:54:01,320
Speaker 1: from the election. I cannot believe it's I cannot believe

942
00:54:01,800 --> 00:54:04,840
Speaker 1: that it's tuesday. Greg Store on the Bloomberg Terminal. The U. S.

943
00:54:04,840 --> 00:54:08,920
Speaker 1: Supreme Court refused to schedule fast track review of a

944
00:54:08,960 --> 00:54:13,040
Speaker 1: new Republican bid to bar mail in ballots from being

945
00:54:13,080 --> 00:54:17,520
Speaker 1: counted in Pennsylvania if they arrive after election day, acting

946
00:54:17,560 --> 00:54:19,759
Speaker 1: a little more than a week after their four four

947
00:54:19,880 --> 00:54:24,080
Speaker 1: split left intact a three day extension for ballots to arrive.

948
00:54:24,560 --> 00:54:29,239
Speaker 1: The justices doulls Republican hopes of an immediate reversal now

949
00:54:29,320 --> 00:54:32,600
Speaker 1: that Justice Amy Coney Barrett has joined the Court. In

950
00:54:32,640 --> 00:54:36,480
Speaker 1: a statement that accompanied the order, three conservative justices said

951
00:54:36,719 --> 00:54:42,000
Speaker 1: the High Court could still intervene later, emphasis on that Barrett,

952
00:54:42,040 --> 00:54:44,760
Speaker 1: who was sworn in at the Court on Tuesday, didn't

953
00:54:44,760 --> 00:54:47,719
Speaker 1: take part, citing the need for prompt action and a

954
00:54:47,800 --> 00:54:51,280
Speaker 1: lack of time to review the case. Again, the Supreme

955
00:54:51,320 --> 00:54:55,920
Speaker 1: Court has rejected a Republican uh has have has rejected

956
00:54:55,920 --> 00:55:00,279
Speaker 1: the Republican policy on fast tracking a Pennsylvan in your

957
00:55:00,280 --> 00:55:06,239
Speaker 1: Ballot case. This obviously matters Keystone State, battleground state, mail

958
00:55:06,320 --> 00:55:11,560
Speaker 1: in ballots um and essentially they want Republicans want to

959
00:55:11,560 --> 00:55:14,200
Speaker 1: bar mail in ballots from being counted in Pennsylvania if

960
00:55:14,200 --> 00:55:20,080
Speaker 1: they arrive after election day. This is brace yourselves, folks,

961
00:55:20,160 --> 00:55:25,880
Speaker 1: because this is gonna be a remarkable, remarkable election unlike

962
00:55:25,880 --> 00:55:27,560
Speaker 1: we've ever seen. I don't care what side of the

963
00:55:27,560 --> 00:55:30,799
Speaker 1: aisle you're on. Hey, by thanks to Aaron McPike. Aaron,

964
00:55:30,920 --> 00:55:33,040
Speaker 1: it's great to have you on. Thank you for for

965
00:55:33,120 --> 00:55:35,360
Speaker 1: lending us an hour of your time. She's, of course

966
00:55:35,400 --> 00:55:38,040
Speaker 1: a political and media strategist. And of course John sid

967
00:55:38,120 --> 00:55:40,800
Speaker 1: aldis John. What are the boys being for Halloween? Do

968
00:55:40,880 --> 00:55:45,799
Speaker 1: they know? My boys are now teenagers, fift eighteen years old.

969
00:55:45,800 --> 00:55:49,279
Speaker 1: They're too cool to be doing trick or treating CUsing it.

970
00:55:49,360 --> 00:55:52,080
Speaker 1: I mean it's, hey, Halloween's it's a socialist holiday. You

971
00:55:52,160 --> 00:55:56,400
Speaker 1: get free candy. Geopolitical strategist, a Trilogy advisor's diplomacy consultant

972
00:55:56,640 --> 00:55:59,520
Speaker 1: at the State's Department of Kevin Cereally you're listening. I

973
00:55:59,600 --> 00:56:02,560
Speaker 1: was tonguing, cheek relaxed. I'm Kevin Surreally you're listening to

974
00:56:02,560 --> 00:56:15,680
Speaker 1: Bloomberg Night and I want ye