1 00:00:00,360 --> 00:00:05,080 Speaker 1: Live from our nation's camera. How do we reopen this economy? 2 00:00:05,200 --> 00:00:08,320 Speaker 1: The latest on how this pandemic is impacting farmers. What 3 00:00:08,400 --> 00:00:11,400 Speaker 1: does this do from the United States relationship with China? 4 00:00:11,560 --> 00:00:16,520 Speaker 1: Bloomberg Sound on the inside, the influencers, the insides. We're 5 00:00:16,520 --> 00:00:19,720 Speaker 1: responding to this crisis and manufacturers are stepping up like 6 00:00:19,840 --> 00:00:23,400 Speaker 1: never before. We're looking at seventy kenneddates for different vaccines. 7 00:00:23,480 --> 00:00:26,120 Speaker 1: How do we make sure a pandemic of this scale 8 00:00:26,200 --> 00:00:30,240 Speaker 1: never happens again? This is Bloomberg Sound on with Kevin 9 00:00:30,320 --> 00:00:34,480 Speaker 1: Surrelate on Bloomberg one and one oh five point seven 10 00:00:34,560 --> 00:00:36,839 Speaker 1: f M h D two. We've got a lot to 11 00:00:36,880 --> 00:00:39,040 Speaker 1: get through. We've got a lot to get through. Eric 12 00:00:39,080 --> 00:00:40,720 Speaker 1: Watson is going to give us an update on all 13 00:00:40,800 --> 00:00:45,440 Speaker 1: things Capitol Hill, coming from Congress. He's Bloomberg's Congressional reporter. 14 00:00:46,080 --> 00:00:49,320 Speaker 1: Face four. The stimulus is there gonna be another round 15 00:00:49,320 --> 00:00:52,159 Speaker 1: of stimulus? This is President Trump meets with Republican Senators 16 00:00:52,159 --> 00:00:54,360 Speaker 1: and you've got the PPP vote. The House is going 17 00:00:54,400 --> 00:00:57,120 Speaker 1: to vote on changes to Small Business program next week. 18 00:00:57,720 --> 00:01:00,760 Speaker 1: Next week, folks, they say, they say it's all for 19 00:01:00,800 --> 00:01:03,160 Speaker 1: the small businesses. Half of the U. S economy made 20 00:01:03,600 --> 00:01:05,959 Speaker 1: by small businesses. Eric's gonna give us the latest on 21 00:01:06,040 --> 00:01:08,520 Speaker 1: that all the social distancing going up in the halls 22 00:01:08,520 --> 00:01:12,440 Speaker 1: of Congress. Max Abelson, Bloomberg Business Week reporter on former 23 00:01:12,520 --> 00:01:16,479 Speaker 1: Vice President Joe Biden's Wall Street pals. They think they 24 00:01:16,520 --> 00:01:20,600 Speaker 1: have his ear despite his progressive move to the left. 25 00:01:20,720 --> 00:01:23,720 Speaker 1: Do they combide and walked this tight rope in the 26 00:01:23,760 --> 00:01:29,479 Speaker 1: era of AOC and Senator Elizabeth Warren and David tafioris here, 27 00:01:29,560 --> 00:01:32,080 Speaker 1: former Obama campaign for and policy advisor, a good friend 28 00:01:32,080 --> 00:01:33,760 Speaker 1: of the program, and spent a minute. He hasn't been 29 00:01:33,760 --> 00:01:36,520 Speaker 1: on all pandemic. I said, where's David Barada said, We'll 30 00:01:36,520 --> 00:01:38,800 Speaker 1: get David booked. He is going to give us all 31 00:01:39,400 --> 00:01:42,840 Speaker 1: on his recent recent I op ed, recent op ed 32 00:01:42,959 --> 00:01:46,440 Speaker 1: in the Hill newspaper about the effect that COVID nineteen 33 00:01:46,480 --> 00:01:49,680 Speaker 1: pandemic is having on ISIS and terrorism. And I'm gonna 34 00:01:49,680 --> 00:01:54,240 Speaker 1: ask him about China, speaking of UH, the economy and 35 00:01:54,280 --> 00:01:57,680 Speaker 1: COVID nineteen are good friends. At the Mackenzie Global Institute, 36 00:01:57,720 --> 00:02:00,760 Speaker 1: Dr Michael Chew is going to checking with us on 37 00:02:00,800 --> 00:02:04,520 Speaker 1: the business economics and research arm of that as well 38 00:02:04,640 --> 00:02:07,880 Speaker 1: talking about medical innovation. So we have a every topic 39 00:02:07,960 --> 00:02:12,400 Speaker 1: covered from policy politics to medicine attractical Quinn, Maryland to 40 00:02:12,560 --> 00:02:17,720 Speaker 1: expand testing for asymptomatic people, which is another step, is 41 00:02:17,800 --> 00:02:23,200 Speaker 1: another step towards lifting the restrictions this as ad two 42 00:02:23,240 --> 00:02:26,480 Speaker 1: new fatalities have been reported in DC, Maryland and Virginia 43 00:02:26,800 --> 00:02:30,919 Speaker 1: Maryland to expand virus testing for people with no symptoms. 44 00:02:30,919 --> 00:02:36,200 Speaker 1: That's a step in the right direction. And uh And meanwhile, 45 00:02:36,919 --> 00:02:41,079 Speaker 1: meanwhile h Washington, d C. Mayor Murial Bowser set to 46 00:02:41,200 --> 00:02:43,560 Speaker 1: have a press conference tomorrow and which she could announce 47 00:02:43,760 --> 00:02:45,720 Speaker 1: the Phase one opening or what's going to happen on 48 00:02:45,720 --> 00:02:47,480 Speaker 1: Phase one on juniors. I don't know. We're gonna get 49 00:02:47,480 --> 00:02:50,640 Speaker 1: new details from the Mayor's office as early as tomorrow. 50 00:02:50,680 --> 00:02:53,160 Speaker 1: So that's what's happening inside of the Beltway. Let's talk 51 00:02:53,240 --> 00:02:57,960 Speaker 1: Congress Eric Watson's on the line, Bloomberg Congressional reporter Eric, 52 00:02:58,000 --> 00:03:00,600 Speaker 1: Are we gonna get a Phase four still, Emulus, what 53 00:03:00,639 --> 00:03:04,560 Speaker 1: do we know with Trump's meeting with Republican senators. Well, look, 54 00:03:04,720 --> 00:03:08,040 Speaker 1: it's not gonna be anytime soon. And basically Mitch McConnell, uh, 55 00:03:08,280 --> 00:03:11,200 Speaker 1: the President, um Secretary of Minution, they're all on the 56 00:03:11,240 --> 00:03:13,640 Speaker 1: same page right now and saying they want to wait 57 00:03:13,800 --> 00:03:16,880 Speaker 1: and really, if you talk to Republicans, they feel that 58 00:03:17,639 --> 00:03:20,680 Speaker 1: rushing out and doing more steamless might actually encourage states 59 00:03:21,040 --> 00:03:23,320 Speaker 1: to keep the lockdowns in place, and they don't want 60 00:03:23,320 --> 00:03:25,600 Speaker 1: to provide any kind of incentive for that. They really 61 00:03:25,639 --> 00:03:28,280 Speaker 1: want to see, you know, obviously, with the provision that 62 00:03:28,280 --> 00:03:31,040 Speaker 1: should be safe if possible, states reopen because that's the 63 00:03:31,080 --> 00:03:32,799 Speaker 1: only way to get out of this. So we're really 64 00:03:32,800 --> 00:03:35,040 Speaker 1: seeing them slow walk this. The sentence is going to 65 00:03:35,120 --> 00:03:38,480 Speaker 1: leave town tomorrow at noon after one more confirmation vote 66 00:03:38,480 --> 00:03:41,200 Speaker 1: and not come back for for nearly two weeks, at 67 00:03:41,200 --> 00:03:43,040 Speaker 1: which point that would be the earliest if because I 68 00:03:43,120 --> 00:03:45,000 Speaker 1: learned stimulus, I don't even see it then in that week. 69 00:03:45,080 --> 00:03:48,080 Speaker 1: McConnell's talking about perhaps doing a bill later in June. 70 00:03:48,120 --> 00:03:50,280 Speaker 1: So uh, you know, as far as the three million 71 00:03:50,360 --> 00:03:54,760 Speaker 1: dollar package that that the House produced, that's going nowhere 72 00:03:55,200 --> 00:03:58,160 Speaker 1: and uh and the real fight is over unemployment insurance. 73 00:03:58,160 --> 00:04:00,880 Speaker 1: So the Democrats really want to extend that into next January. 74 00:04:00,960 --> 00:04:04,800 Speaker 1: That's extra boost of six dollars per week. But Republicans 75 00:04:04,800 --> 00:04:08,240 Speaker 1: are saying that's creating a perverse incentive, that there are people, 76 00:04:08,320 --> 00:04:10,960 Speaker 1: especially in the Southern states who are low wage states 77 00:04:11,000 --> 00:04:13,000 Speaker 1: that would have this perverse incentive not to try to 78 00:04:13,040 --> 00:04:14,840 Speaker 1: look for work and go back to work. And they 79 00:04:14,840 --> 00:04:16,479 Speaker 1: do not want to see that happen. So it's gonna 80 00:04:16,480 --> 00:04:19,159 Speaker 1: be a big fight, all right. So let's let's let's 81 00:04:19,160 --> 00:04:21,440 Speaker 1: break this down. So you're saying June is when MC 82 00:04:21,839 --> 00:04:25,000 Speaker 1: leader McConnell wants to have a vote June, well, I 83 00:04:25,040 --> 00:04:28,000 Speaker 1: mean vote on something. I mean he's basically looking at 84 00:04:28,080 --> 00:04:31,800 Speaker 1: business liability. That's his top priority is providing some kind 85 00:04:31,839 --> 00:04:34,640 Speaker 1: of safe harbor for businesses that reopened. Uh. You know 86 00:04:34,720 --> 00:04:36,920 Speaker 1: this probably has some kind of providing within that they 87 00:04:36,920 --> 00:04:40,719 Speaker 1: have to follow common sense regulations as far as providing 88 00:04:41,000 --> 00:04:44,840 Speaker 1: masks or other equipment or sanitizer for their workers. If 89 00:04:44,839 --> 00:04:48,840 Speaker 1: they follow those rules, they will be immune from from lawsuits. 90 00:04:48,839 --> 00:04:51,800 Speaker 1: He is a reason the specter of trial attorneys, you know, 91 00:04:51,960 --> 00:04:55,560 Speaker 1: sucking millions of dollars lead on those bills. Besides McConnell 92 00:04:55,560 --> 00:04:57,800 Speaker 1: in the center, cordon Is is the one on the 93 00:04:57,880 --> 00:05:01,279 Speaker 1: nifiability He he is a his draft at something and 94 00:05:01,320 --> 00:05:03,240 Speaker 1: it has there's different aspects to it. You know, they're 95 00:05:03,240 --> 00:05:06,880 Speaker 1: looking at also for healthcare workers. The idea that you 96 00:05:06,920 --> 00:05:10,320 Speaker 1: know in this crisis that patients or people who loved 97 00:05:10,360 --> 00:05:12,080 Speaker 1: ones of those who died could could him out and 98 00:05:12,240 --> 00:05:16,480 Speaker 1: and sue over covid um. One aspect interestingly, though, that 99 00:05:16,560 --> 00:05:19,640 Speaker 1: the Chamber of Commerce and others before is a sort 100 00:05:19,720 --> 00:05:25,279 Speaker 1: of un immunity for corporations from shareholder lawsuits over the 101 00:05:25,279 --> 00:05:28,400 Speaker 1: failure to anticipate covid That's something the Chamber of Commerce 102 00:05:28,400 --> 00:05:30,120 Speaker 1: still they would like to see that that is not 103 00:05:30,200 --> 00:05:34,880 Speaker 1: yet gotten a Republican buy in. Uh in the Senate? Okay, 104 00:05:34,920 --> 00:05:37,040 Speaker 1: so this is what's And then p p P. I 105 00:05:37,040 --> 00:05:40,080 Speaker 1: mean there's bipartisan support for changes to p p P. 106 00:05:40,400 --> 00:05:42,680 Speaker 1: Is that going to advance? I mean, that's not stimulous, 107 00:05:42,760 --> 00:05:47,359 Speaker 1: But do you think that will happen relatively quickly? You mean, Mark? Yeah, 108 00:05:47,480 --> 00:05:49,560 Speaker 1: And you know we heard from some aids over in 109 00:05:49,600 --> 00:05:53,000 Speaker 1: the Senate today that they may try to get unanimous 110 00:05:53,000 --> 00:05:55,599 Speaker 1: consent to pass that in the Senate as soon as tomorrow. 111 00:05:55,880 --> 00:05:58,040 Speaker 1: They're working on that. But of course, anytime a train 112 00:05:58,120 --> 00:06:00,440 Speaker 1: is leaving the station in concress, someone else to hit 113 00:06:00,520 --> 00:06:03,400 Speaker 1: your ride, So there are some complications in that. But 114 00:06:03,680 --> 00:06:06,719 Speaker 1: one possibility is that the Senate would sort of clear 115 00:06:06,800 --> 00:06:10,360 Speaker 1: this bill this week by getting everybody to agree, and 116 00:06:10,400 --> 00:06:12,039 Speaker 1: then it would be people around in the House now. 117 00:06:12,120 --> 00:06:15,240 Speaker 1: The idea is that a lot of businesses feel that 118 00:06:15,279 --> 00:06:18,080 Speaker 1: they only have eight weeks in which to spend the 119 00:06:18,080 --> 00:06:20,480 Speaker 1: money on payroll. They want a longer window as they're 120 00:06:20,480 --> 00:06:23,119 Speaker 1: starting to ramp up UH you know and bringing people 121 00:06:23,160 --> 00:06:25,919 Speaker 1: back when it's safe. And they also want a longer 122 00:06:25,920 --> 00:06:29,719 Speaker 1: repayment period. It's currently two years for the forgivable UH 123 00:06:29,880 --> 00:06:33,640 Speaker 1: loans and it's not to use for parroll to be repaid, 124 00:06:33,640 --> 00:06:35,960 Speaker 1: to be longer period and then also be able to 125 00:06:36,040 --> 00:06:38,520 Speaker 1: use more of the than right now if you spend 126 00:06:38,520 --> 00:06:41,920 Speaker 1: sev of the money on payroll. They want to hire 127 00:06:41,920 --> 00:06:44,560 Speaker 1: percent person those in a sort of high rent area 128 00:06:44,920 --> 00:06:48,400 Speaker 1: places where a lot of fixed you're you're The thing 129 00:06:48,400 --> 00:06:51,400 Speaker 1: I love about Eric Lawson is he has so much information. 130 00:06:51,680 --> 00:06:54,719 Speaker 1: He knows the beat better than anybody at any publication. 131 00:06:54,839 --> 00:06:56,919 Speaker 1: And I'm trying to I'm like, I actually get my 132 00:06:57,000 --> 00:07:01,640 Speaker 1: notebook out there because you know everything for yeah, with 133 00:07:01,720 --> 00:07:03,800 Speaker 1: P P P, because this is important to a lot 134 00:07:03,839 --> 00:07:06,400 Speaker 1: of people who are coming home from work and and 135 00:07:06,400 --> 00:07:08,200 Speaker 1: and they're in their cars and they're trying to follow 136 00:07:08,360 --> 00:07:12,720 Speaker 1: what this means laid out crystal clear for us. What 137 00:07:12,840 --> 00:07:14,920 Speaker 1: changes are they trying to make two P P P 138 00:07:15,400 --> 00:07:17,680 Speaker 1: and how soon might that happen? Okay, Well, this is 139 00:07:17,720 --> 00:07:21,480 Speaker 1: the program that basically allowed small businesses to get forgivable loans, 140 00:07:21,520 --> 00:07:24,000 Speaker 1: being if they spent the money on payroll, they wouldn't 141 00:07:24,000 --> 00:07:26,680 Speaker 1: have to pay the money back, but they only had 142 00:07:26,720 --> 00:07:28,360 Speaker 1: they had to quickly get the money out the door 143 00:07:28,400 --> 00:07:31,760 Speaker 1: within eight weeks. And they're finding that's a challenge and 144 00:07:31,760 --> 00:07:34,600 Speaker 1: they're worried about the ability, you know, getting stuck with 145 00:07:34,800 --> 00:07:37,120 Speaker 1: having to repay money they don't get out quick enough. 146 00:07:37,200 --> 00:07:40,000 Speaker 1: So that would give them a longer window to do that. 147 00:07:40,600 --> 00:07:42,680 Speaker 1: And they also said that you have to spend sevent 148 00:07:43,640 --> 00:07:45,920 Speaker 1: of the money you've got on payroll. But they're finding 149 00:07:45,920 --> 00:07:48,360 Speaker 1: in some industries, if you have a high rent or 150 00:07:48,560 --> 00:07:51,560 Speaker 1: or fixed utility costs, for example, we're giving a lot 151 00:07:51,600 --> 00:07:53,520 Speaker 1: of power. Uh, they want to be able to cover 152 00:07:53,680 --> 00:07:56,480 Speaker 1: more of that. Uh. And and it looks like by 153 00:07:56,560 --> 00:07:59,679 Speaker 1: powers and support really to do that. Interestingly interesting pairing 154 00:07:59,760 --> 00:08:03,920 Speaker 1: d Phillips, a freshman Democrats for Minnesota and Chip Roy, 155 00:08:04,000 --> 00:08:07,800 Speaker 1: who was very very conservative Texas Republicans have paired up 156 00:08:07,840 --> 00:08:10,040 Speaker 1: on a bill and and Polosi now say that will 157 00:08:10,080 --> 00:08:12,080 Speaker 1: come to a vote next week. So you know, an 158 00:08:12,080 --> 00:08:14,600 Speaker 1: interesting alignment of stars. Now does that become the seed 159 00:08:14,920 --> 00:08:17,840 Speaker 1: for another stimulus bill off potentially. Uh, you know, there 160 00:08:17,920 --> 00:08:22,200 Speaker 1: there's some of some appetites. Interestingly, though, we saw some 161 00:08:22,240 --> 00:08:26,160 Speaker 1: tweets from Corey Gardner, perhaps the most endangered or one 162 00:08:26,160 --> 00:08:29,400 Speaker 1: of the two most endangered Senate Republicans up for re election, 163 00:08:29,680 --> 00:08:32,560 Speaker 1: who was really going after his own Senate leadership, saying 164 00:08:32,559 --> 00:08:34,600 Speaker 1: we should not be going on this nearly two week 165 00:08:34,600 --> 00:08:38,720 Speaker 1: reatas and without passing more stimulus. You know, there's a 166 00:08:38,760 --> 00:08:42,000 Speaker 1: real sense that he wants to see Congress acting rather 167 00:08:42,040 --> 00:08:45,600 Speaker 1: than just doing nominations and going home for for recess 168 00:08:45,679 --> 00:08:48,320 Speaker 1: next week for Memorial Day. Eric Lawson laying it all 169 00:08:48,360 --> 00:08:50,960 Speaker 1: off for so what I just gathered there one change 170 00:08:51,000 --> 00:08:52,840 Speaker 1: to P P P in the short term to the 171 00:08:52,880 --> 00:08:54,760 Speaker 1: earliest you could get a vote in the Senate is 172 00:08:54,840 --> 00:08:58,640 Speaker 1: June and three. McConnell's saying, hey, he wants to make 173 00:08:58,640 --> 00:09:00,520 Speaker 1: sure that if you reopened, you're not gonna be held 174 00:09:00,679 --> 00:09:05,040 Speaker 1: liable in the court of law. Eric Wasson Bloomberg, Congressional reporter, 175 00:09:05,080 --> 00:09:07,400 Speaker 1: thanks so much for addish in your notebook with us 176 00:09:07,480 --> 00:09:10,080 Speaker 1: much more ahead. I'm Kevin Cirelli. You're listening to Bloomberg, 177 00:09:23,440 --> 00:09:26,920 Speaker 1: You're listening to Bloomberg Sound On with Kevin Surrele on 178 00:09:27,000 --> 00:09:31,000 Speaker 1: Bloomberg and one on five point seven FM HD two 179 00:09:31,559 --> 00:09:34,120 Speaker 1: and tell me Wednesday. But let's stay in the moment. 180 00:09:34,440 --> 00:09:38,079 Speaker 1: Let's focus on the now. I'm Kevin Cirelli, Chief Washington 181 00:09:38,080 --> 00:09:42,520 Speaker 1: correspondent for Bloomberg Television and for Bloomberg Radio, and we 182 00:09:42,559 --> 00:09:46,880 Speaker 1: are pivoting to speaking of staying in the now. Max Abeleston, 183 00:09:46,880 --> 00:09:49,800 Speaker 1: Bloomberg Business Week reporter, Maxie, how are you, buddy? I 184 00:09:49,880 --> 00:09:52,480 Speaker 1: haven't talked to you and so long. How are things 185 00:09:52,480 --> 00:09:55,160 Speaker 1: holding How are you holding up? I was just thinking 186 00:09:55,160 --> 00:09:57,079 Speaker 1: to myself. I was trying to think, when is the 187 00:09:57,200 --> 00:10:00,360 Speaker 1: last time I've seen Kevin's face. Were at the hotel. 188 00:10:00,920 --> 00:10:03,640 Speaker 1: We were at the Trump Hotel and we were people 189 00:10:03,679 --> 00:10:08,000 Speaker 1: watch in the lobby of the former US Postal Service building. 190 00:10:08,240 --> 00:10:11,079 Speaker 1: I heard the Postal Services bankrupt and I ordered bacon, 191 00:10:11,120 --> 00:10:13,240 Speaker 1: remember that bacon they had at the Trump Hotel, And 192 00:10:13,360 --> 00:10:15,960 Speaker 1: like they hanging on the closed lines and they have 193 00:10:16,080 --> 00:10:19,079 Speaker 1: the French fries. I always got the fries. They're like 194 00:10:19,120 --> 00:10:20,920 Speaker 1: trying to sell you all this expensive food. I said, 195 00:10:20,920 --> 00:10:24,280 Speaker 1: I want French fries with Max. Max Abelson. Max has 196 00:10:24,320 --> 00:10:27,360 Speaker 1: this great story out of Business Week called Biden's Wall 197 00:10:27,400 --> 00:10:31,640 Speaker 1: Street pals think they have his ear despite the snubs. 198 00:10:31,960 --> 00:10:34,680 Speaker 1: Why do you think can can Joe Biden really rain 199 00:10:35,080 --> 00:10:37,400 Speaker 1: Laurin not rain In? Is he gonna rain in Wall 200 00:10:37,400 --> 00:10:39,680 Speaker 1: Street or is he trying to lower in Wall Street? Max? 201 00:10:40,600 --> 00:10:42,520 Speaker 1: It's a truly good question. I mean, just to go 202 00:10:42,559 --> 00:10:45,560 Speaker 1: back a second, the whole premise of the Trump GC 203 00:10:45,720 --> 00:10:47,800 Speaker 1: hotel where you and I watched all those people come 204 00:10:47,840 --> 00:10:51,360 Speaker 1: and go, is that Trump has been so comfortable surrounding 205 00:10:51,440 --> 00:10:54,320 Speaker 1: himself with Wall Street in the last few years. Obviously, 206 00:10:54,559 --> 00:10:57,840 Speaker 1: Stephen the Nuton is a former Golden Shacks partner, Gary Collen, 207 00:10:57,920 --> 00:11:00,960 Speaker 1: his first economic advisor was a big Wall Street Joe 208 00:11:01,000 --> 00:11:04,480 Speaker 1: Biden is in a much more precarious position now because 209 00:11:04,679 --> 00:11:09,239 Speaker 1: there's a whole flank of the Democratic Party that basically 210 00:11:09,360 --> 00:11:14,000 Speaker 1: exists because it has rebelled against Wall Streets power and 211 00:11:14,000 --> 00:11:16,840 Speaker 1: Wall Street's influence over the Democratic Party, and Biden, on 212 00:11:16,880 --> 00:11:21,120 Speaker 1: the one hand, has to get as much progressive support 213 00:11:21,160 --> 00:11:23,640 Speaker 1: as he can, But on the other hand, you have 214 00:11:23,880 --> 00:11:26,800 Speaker 1: really important people around him who are from Wall Street, 215 00:11:27,120 --> 00:11:29,680 Speaker 1: and it's gonna be really interesting to see how he 216 00:11:29,800 --> 00:11:31,920 Speaker 1: handles that tension, and that's what the story is about. 217 00:11:32,160 --> 00:11:35,960 Speaker 1: But see, what's the OC gonna do. What Senator Elizabeth Warren, 218 00:11:36,000 --> 00:11:39,440 Speaker 1: Democrat Massachusetts Kennedy's a seat, what what what are they 219 00:11:39,480 --> 00:11:41,480 Speaker 1: going to do? Because they've got his ear too, and 220 00:11:41,760 --> 00:11:45,840 Speaker 1: he needs that base of the Progressive Party if he 221 00:11:45,880 --> 00:11:50,320 Speaker 1: wants to ascend his candidacy. So what my story here 222 00:11:50,400 --> 00:11:53,439 Speaker 1: for Bloomberg News did is started with that exact moment 223 00:11:53,480 --> 00:11:58,240 Speaker 1: when remember the Biden campaign, actually in concert with with 224 00:11:58,520 --> 00:12:03,240 Speaker 1: a with his former rival Bernie Sanders, came out with 225 00:12:03,280 --> 00:12:05,719 Speaker 1: this Economic Policy Task Force that was supposed to be 226 00:12:05,800 --> 00:12:08,040 Speaker 1: kind of a bridge between Sanders and Biden, and as 227 00:12:08,120 --> 00:12:10,959 Speaker 1: you say, a OC was on that list. My story 228 00:12:11,000 --> 00:12:13,840 Speaker 1: started because I talked to a long time Wall Street 229 00:12:13,840 --> 00:12:16,760 Speaker 1: figure named Charles Myers, used to be the vice chairman 230 00:12:16,760 --> 00:12:19,640 Speaker 1: at ever Corps. Charles Meyers told me about sitting in 231 00:12:19,720 --> 00:12:22,720 Speaker 1: his you know, Park Avenue home office, clicking the list 232 00:12:22,760 --> 00:12:25,880 Speaker 1: of the Economic Policy Task Force names and being like, wow, 233 00:12:25,920 --> 00:12:28,600 Speaker 1: I don't recognize anyone here. I don't see any of 234 00:12:28,720 --> 00:12:31,320 Speaker 1: my Wall Street friends. But what he told me, and 235 00:12:31,360 --> 00:12:33,000 Speaker 1: what a lot of Wall Street people have told me, 236 00:12:33,360 --> 00:12:36,480 Speaker 1: is that that does not matter, and that Wall Street 237 00:12:36,480 --> 00:12:39,760 Speaker 1: people feel totally comfortable that they have Biden's ear and 238 00:12:39,920 --> 00:12:43,160 Speaker 1: some of them even feel, you know, confident enous that 239 00:12:43,200 --> 00:12:45,640 Speaker 1: they have already begun thinking like what kind of what, 240 00:12:45,640 --> 00:12:47,760 Speaker 1: what kind of White House job could I get if 241 00:12:47,800 --> 00:12:51,439 Speaker 1: Biden wins. So, I mean it's it's very Clintonian many 242 00:12:51,480 --> 00:12:55,760 Speaker 1: in many ways the what what Joe Biden's doing? But 243 00:12:56,200 --> 00:12:58,680 Speaker 1: I still look very I don't think he has yet 244 00:12:58,720 --> 00:13:01,520 Speaker 1: to unveil a math to the economic proposal as to 245 00:13:01,559 --> 00:13:03,480 Speaker 1: what he's going to do. I mean, our colleagues of 246 00:13:03,520 --> 00:13:05,520 Speaker 1: Bloomberg have reported that he's going to have to somehow 247 00:13:05,559 --> 00:13:08,160 Speaker 1: time over the summer release and unveil a new type 248 00:13:08,160 --> 00:13:11,120 Speaker 1: of economic plan. But as it relates domestically, as it 249 00:13:11,160 --> 00:13:14,800 Speaker 1: relates to UH China and the U. S China relations, 250 00:13:15,760 --> 00:13:19,280 Speaker 1: where any plan that he any plan that he puts 251 00:13:19,280 --> 00:13:22,880 Speaker 1: out obviously will be picked apart. But I think would 252 00:13:22,920 --> 00:13:26,280 Speaker 1: you would you gather that Senator Warren and and the 253 00:13:26,320 --> 00:13:29,040 Speaker 1: ao C crowd, the progressive wing Bernie Sanders crowd, that 254 00:13:29,120 --> 00:13:32,000 Speaker 1: they're going to be particularly interested to see where he 255 00:13:32,040 --> 00:13:37,040 Speaker 1: falls on this on this ideological spectrum, particularly interested in 256 00:13:37,160 --> 00:13:39,280 Speaker 1: exactly right. And I love what you said about calling 257 00:13:39,360 --> 00:13:43,080 Speaker 1: this Clintonian, because you know, it really is Bill Clinton 258 00:13:43,400 --> 00:13:47,360 Speaker 1: in the nineties who brings in a former Golden Sax 259 00:13:47,559 --> 00:13:50,000 Speaker 1: not just a former Goldmen tax partner, former co CEO 260 00:13:50,080 --> 00:13:54,440 Speaker 1: of Golden Sax. Bob Ruben and Clinton really embraces a 261 00:13:54,480 --> 00:14:00,160 Speaker 1: certain kind of pro Wall Street Democratic centrism that you know, 262 00:14:00,240 --> 00:14:03,520 Speaker 1: in some ways Obama Obviously, Republicans look at Obama is 263 00:14:03,520 --> 00:14:05,760 Speaker 1: this big progressive But the truth of the matter is 264 00:14:06,200 --> 00:14:09,880 Speaker 1: Clinton and then to some extent Obama and now of 265 00:14:09,920 --> 00:14:13,560 Speaker 1: course Biden are very much part of a legacy that's 266 00:14:13,640 --> 00:14:17,640 Speaker 1: influenced by not just people like Bob Ruben, but someone 267 00:14:17,720 --> 00:14:21,320 Speaker 1: like Morgan Stanley's Tom Knives or someone I mentioned every 268 00:14:21,360 --> 00:14:25,240 Speaker 1: Corps before, someone like, uh, you're Roger Altman's. These are 269 00:14:25,360 --> 00:14:28,360 Speaker 1: really really important people. They're very close to people like 270 00:14:28,440 --> 00:14:34,840 Speaker 1: Larry Summers. They're very close to uh exactly got Larry. 271 00:14:35,120 --> 00:14:39,840 Speaker 1: All of these people had. I don't want to interrupt 272 00:14:39,840 --> 00:14:42,480 Speaker 1: the box, but this is such this is such a 273 00:14:42,480 --> 00:14:45,200 Speaker 1: great story because what you're doing, I mean, this taps 274 00:14:45,240 --> 00:14:49,480 Speaker 1: into the Democratic inter family feud that's been going on 275 00:14:49,600 --> 00:14:52,160 Speaker 1: for decades between the Ruben Nights and the more progressive 276 00:14:52,160 --> 00:14:54,960 Speaker 1: wing of the Democratic Party. I mean, what do we 277 00:14:54,960 --> 00:14:57,320 Speaker 1: know about who Biden has been fundraising with. They're having zoom. 278 00:14:57,440 --> 00:14:59,880 Speaker 1: I guess they're all on zoom now, I mean, like, 279 00:15:00,000 --> 00:15:03,240 Speaker 1: what are they are they doing these fundraisers, but who's 280 00:15:03,240 --> 00:15:07,600 Speaker 1: the fundraising Max. It's very helpful to look back on 281 00:15:07,680 --> 00:15:11,240 Speaker 1: the in person fundraisers because if I'm remembering correctly, at 282 00:15:11,240 --> 00:15:14,560 Speaker 1: the Carlisles Hotel, you've got You've got who do we 283 00:15:14,600 --> 00:15:17,680 Speaker 1: just mentioned? We mentioned Reuben, You've got Stephen Scherer, the 284 00:15:18,120 --> 00:15:20,320 Speaker 1: literally one of the most powerful people inside Golden Sacks. 285 00:15:20,600 --> 00:15:24,160 Speaker 1: You've got I believe Eric Mindick was the youngest guide 286 00:15:24,160 --> 00:15:29,160 Speaker 1: to ever make partner inside Goldman Sachs. All of those 287 00:15:29,160 --> 00:15:31,880 Speaker 1: people were in the Carlisle when Biden said something that's, 288 00:15:31,960 --> 00:15:33,960 Speaker 1: you know, in my mind's famous. It's not world doing, 289 00:15:34,000 --> 00:15:36,640 Speaker 1: that's exactly. But he said that we may not want 290 00:15:36,640 --> 00:15:39,480 Speaker 1: to demonize anybody who has made money, you know, in 291 00:15:39,520 --> 00:15:43,880 Speaker 1: other words, while Standards and Warren are going out and 292 00:15:44,000 --> 00:15:46,840 Speaker 1: you know, if not demonizing Wall Street and certainly proposing 293 00:15:47,240 --> 00:15:50,280 Speaker 1: actual policy to cut big banks and to you know, 294 00:15:50,320 --> 00:15:53,200 Speaker 1: to to break up these banks and to tax the wealthy, 295 00:15:53,360 --> 00:15:56,120 Speaker 1: Biden is coming out inside the Carlisle Hotel and saying, look, 296 00:15:56,160 --> 00:15:58,480 Speaker 1: I don't want to demonize you guys. Now. Of course 297 00:15:58,600 --> 00:16:01,440 Speaker 1: Biden is singing a slightly different song. I believe he 298 00:16:01,480 --> 00:16:03,800 Speaker 1: tweeted about Wall Street just in the last forty eight hours. 299 00:16:04,400 --> 00:16:07,880 Speaker 1: I'm not sure if even any of these guys Summers, 300 00:16:08,000 --> 00:16:11,280 Speaker 1: Ruben nods. I'm not sure if any of them really 301 00:16:11,360 --> 00:16:13,280 Speaker 1: know what's going to happen over the next few months. 302 00:16:13,320 --> 00:16:14,800 Speaker 1: I mean, for all we know, Biden is going to 303 00:16:14,960 --> 00:16:17,800 Speaker 1: veer left because he has to, or hell, embrace Wall 304 00:16:17,840 --> 00:16:20,240 Speaker 1: Street because that's what he's done. Although last few decades, 305 00:16:20,360 --> 00:16:23,760 Speaker 1: speaking generally, it's up in the air. It really makes 306 00:16:24,160 --> 00:16:29,480 Speaker 1: his vice presidential pick all the more interesting. Max, what 307 00:16:29,560 --> 00:16:33,560 Speaker 1: have you been streaming in this uh pandemic? Thank you 308 00:16:33,600 --> 00:16:37,200 Speaker 1: so much for asking. I always say the best. It's 309 00:16:37,360 --> 00:16:39,400 Speaker 1: very important. The third season of Twin peaks with my 310 00:16:39,440 --> 00:16:42,080 Speaker 1: girlfriend Twin Peaks in return. I highly recommend it to 311 00:16:42,080 --> 00:16:44,680 Speaker 1: everyone out there listening. One of my favorite things ever. 312 00:16:44,920 --> 00:16:46,920 Speaker 1: See I was I was a big Lost guy back 313 00:16:46,920 --> 00:16:49,280 Speaker 1: when I was a kid growing up in Delko. I 314 00:16:49,320 --> 00:16:52,680 Speaker 1: watched uh, I watched Lost. But you know, I hear 315 00:16:52,760 --> 00:16:54,520 Speaker 1: I hear good things about spin Peaks. Now that the 316 00:16:54,600 --> 00:16:57,480 Speaker 1: last dance has done, I'm done streaming that. I had nothing. 317 00:16:57,760 --> 00:17:00,360 Speaker 1: Max Abelson, great, great story. Check it out. He's the 318 00:17:00,360 --> 00:17:02,680 Speaker 1: Bloomberg Business Speak reporter. Check it out on all Bloomberg 319 00:17:02,720 --> 00:17:06,160 Speaker 1: cross platforms. That dives into former Vice President Joe Biden's fundraising. 320 00:17:06,200 --> 00:17:09,480 Speaker 1: Thank you, Max for your time, Stay safety well, my friend. 321 00:17:09,480 --> 00:17:11,560 Speaker 1: Coming up next, we dive in a foreign policy and 322 00:17:11,720 --> 00:17:15,240 Speaker 1: artificial intelligence. My name is Kevin Cirelli. And David tafior 323 00:17:15,320 --> 00:17:25,200 Speaker 1: he's just around the corner. You're listening to Bloomberg. You're 324 00:17:25,240 --> 00:17:29,119 Speaker 1: listening to Bloomberg Sound On with Kevin Currele on Bloomberg 325 00:17:30,200 --> 00:17:32,520 Speaker 1: and one oh five point seven f M h D two. 326 00:17:33,280 --> 00:17:36,840 Speaker 1: Talking to Max Nabelson made me hungry. It made me hungry. 327 00:17:37,320 --> 00:17:39,320 Speaker 1: We used to go and get food at the Trump Hotel. 328 00:17:39,359 --> 00:17:41,400 Speaker 1: We would get all of those, but they had there 329 00:17:41,440 --> 00:17:44,120 Speaker 1: the mac and cheese, Remember that mac and cheese. I'm 330 00:17:44,160 --> 00:17:47,760 Speaker 1: Kevin Cirelli, Chief Washington correspondent for Bloomberg Television and for 331 00:17:47,840 --> 00:17:51,000 Speaker 1: Bloomberg Radio. Joining us on the line. Someone I haven't 332 00:17:51,040 --> 00:17:53,600 Speaker 1: talked with since all this started. You know, Barata and 333 00:17:53,640 --> 00:17:56,119 Speaker 1: I were huddled. We're talking where whatever happened to all 334 00:17:56,160 --> 00:17:59,960 Speaker 1: of our regulars? We they left us. David te Fiori's 335 00:18:00,040 --> 00:18:02,600 Speaker 1: on the line, He's uh, he has got this great 336 00:18:02,600 --> 00:18:07,000 Speaker 1: piece out on the Hill dot com. Will Coronavirus Help Isis? 337 00:18:07,080 --> 00:18:10,440 Speaker 1: He is the former Obama Campaign for Him policy advisor, David. 338 00:18:10,440 --> 00:18:13,280 Speaker 1: How are you? What have you been up to take, Kevin? 339 00:18:13,359 --> 00:18:16,280 Speaker 1: How are you well? I'm just hunkered down and being 340 00:18:16,400 --> 00:18:19,720 Speaker 1: safe and reading and writing and enjoying a little. What 341 00:18:19,760 --> 00:18:23,120 Speaker 1: are you reading? What are you reading? You know? Right 342 00:18:23,160 --> 00:18:28,160 Speaker 1: now I'm reading the book The Plague by Albert Camu, 343 00:18:27,160 --> 00:18:30,480 Speaker 1: which a little little dense, buddy, I mean, I was 344 00:18:30,480 --> 00:18:34,600 Speaker 1: hoping you were gonna some relevant implications for right now. 345 00:18:34,840 --> 00:18:36,960 Speaker 1: All right, The last thing I want to read about 346 00:18:36,960 --> 00:18:38,639 Speaker 1: as a plague, I'll tell you. I want to read 347 00:18:38,680 --> 00:18:41,040 Speaker 1: about a vaccine. I want to read. I want to 348 00:18:41,040 --> 00:18:44,720 Speaker 1: read about things opening up and people being cured of illnesses. 349 00:18:44,960 --> 00:18:46,879 Speaker 1: That's what I want to read about, David. All right, 350 00:18:47,160 --> 00:18:50,800 Speaker 1: Will the Coronavirus help ISIS? Make your case yes or no? 351 00:18:52,600 --> 00:18:56,000 Speaker 1: It's it looks like it is helping ISIS, and certainly 352 00:18:56,080 --> 00:18:59,280 Speaker 1: ISIS is doing everything it can to take advantage of this. 353 00:18:59,480 --> 00:19:02,800 Speaker 1: For instance, it's IIS got a lot of support in 354 00:19:02,880 --> 00:19:05,760 Speaker 1: two thousand fourteen when it took territory in Iraq and 355 00:19:05,840 --> 00:19:09,120 Speaker 1: Syria by doing prison breaks. They've already attempted a couple 356 00:19:09,200 --> 00:19:12,960 Speaker 1: of prison breaks during coronavirus, knowing that the prisons are 357 00:19:12,960 --> 00:19:16,639 Speaker 1: not as well guarded, and knowing also that the prisoners 358 00:19:16,720 --> 00:19:20,200 Speaker 1: inside the prisons are likely to riot because of their 359 00:19:20,280 --> 00:19:23,520 Speaker 1: fear of getting coronavirus. So that's one way it's helping. 360 00:19:23,800 --> 00:19:27,440 Speaker 1: Another big way it's helping is that the US military, 361 00:19:27,440 --> 00:19:29,879 Speaker 1: which has a presence in Iraq and still has some 362 00:19:29,960 --> 00:19:34,040 Speaker 1: presence in Syria, does training programs for local forces to 363 00:19:34,080 --> 00:19:37,200 Speaker 1: fight ISIS. They've halted those programs in order to protect 364 00:19:37,200 --> 00:19:40,800 Speaker 1: our troops from COVID nineteen. They've also halted on the 365 00:19:40,840 --> 00:19:45,439 Speaker 1: ground anti ISIS operations, so that gives ISIS some breathing 366 00:19:45,480 --> 00:19:48,600 Speaker 1: room they really haven't had since two thousand sixteen. But 367 00:19:49,080 --> 00:19:51,240 Speaker 1: I would note that the US is still doing air 368 00:19:51,280 --> 00:19:54,600 Speaker 1: strikes against ISIS. Hopefully that will continue until our troops 369 00:19:54,600 --> 00:19:57,359 Speaker 1: on the ground are able to get back to normal operations. 370 00:19:57,480 --> 00:19:59,840 Speaker 1: Daies on the line. And for those who don't, I mean, 371 00:19:59,840 --> 00:20:02,199 Speaker 1: you see him all over cable news. Uh, he's a 372 00:20:02,280 --> 00:20:04,680 Speaker 1: he's a regular. He's also an international lawyer who served 373 00:20:04,680 --> 00:20:06,880 Speaker 1: with the U S Department of States Rule of Law 374 00:20:06,960 --> 00:20:09,560 Speaker 1: Coordinator for Iraq at the U S Embassy in Baghdad 375 00:20:09,960 --> 00:20:12,840 Speaker 1: during the height of the Iraq War. And you know, 376 00:20:12,960 --> 00:20:14,719 Speaker 1: one of the case one of the points that you 377 00:20:14,920 --> 00:20:17,399 Speaker 1: that you lay out in your piece brilliant piece at 378 00:20:17,440 --> 00:20:21,280 Speaker 1: the Hill dot com uh with talking about how terrorism 379 00:20:21,359 --> 00:20:24,720 Speaker 1: has been impacted by the pandemic and COVID nineteen. It's 380 00:20:24,760 --> 00:20:29,080 Speaker 1: just how much more important now our diplomacy is on 381 00:20:29,119 --> 00:20:32,679 Speaker 1: the ground because on the ground missions are or have 382 00:20:32,760 --> 00:20:34,639 Speaker 1: been reduced. And so can you just talk to me 383 00:20:34,640 --> 00:20:38,520 Speaker 1: a little bit about why diplomacy is so so even 384 00:20:38,520 --> 00:20:41,560 Speaker 1: more important perhaps now in that region, especially as the 385 00:20:41,560 --> 00:20:45,240 Speaker 1: air strikes, as you mentioned, are continued to be carried out. Yes, 386 00:20:45,359 --> 00:20:48,040 Speaker 1: I'm really glad you mentioned that because with the military 387 00:20:48,119 --> 00:20:51,800 Speaker 1: narrow down to just doing air strikes, we are our 388 00:20:51,800 --> 00:20:56,280 Speaker 1: main way of engaging is now through diplomacy, and it's 389 00:20:56,359 --> 00:20:59,119 Speaker 1: super important, especially right now in a rock where we 390 00:20:59,160 --> 00:21:02,239 Speaker 1: have a brand new minister. He was just ratified by 391 00:21:02,280 --> 00:21:06,560 Speaker 1: the parliament in Baghdad. He's actually pro US. He's the 392 00:21:06,600 --> 00:21:10,520 Speaker 1: guy that the US wanted to become prime minister. There 393 00:21:10,520 --> 00:21:13,439 Speaker 1: were other candidates before him who were more pro Iran, 394 00:21:13,800 --> 00:21:15,760 Speaker 1: so we looked out on that one. But we need 395 00:21:15,760 --> 00:21:18,440 Speaker 1: to stay engaged with him, and especially need to make 396 00:21:18,480 --> 00:21:21,600 Speaker 1: sure he puts in place policies that will make the 397 00:21:21,840 --> 00:21:26,720 Speaker 1: Sunni Arabs in a Rock, who sometimes popularly parts of 398 00:21:26,720 --> 00:21:29,560 Speaker 1: their populations support ISIS. He needs to put in place 399 00:21:29,640 --> 00:21:33,240 Speaker 1: policies that will make them feel enfranchised so they will 400 00:21:33,240 --> 00:21:36,400 Speaker 1: not look the other way as ISIS tries to attempt 401 00:21:36,400 --> 00:21:39,800 Speaker 1: its resurgence. Similarly, in Syria, we have some forces on 402 00:21:39,840 --> 00:21:42,560 Speaker 1: the ground, the STS, the US military has been working with. 403 00:21:42,760 --> 00:21:45,520 Speaker 1: We need to continue our diplomatic engagement with them and 404 00:21:45,560 --> 00:21:50,200 Speaker 1: provide them with with support so they continue to fight ISIS, 405 00:21:50,400 --> 00:21:53,280 Speaker 1: and also be pro us that we have some influence 406 00:21:53,320 --> 00:21:55,720 Speaker 1: in Syria. So just this is this is kind of 407 00:21:55,720 --> 00:21:58,320 Speaker 1: an outside of the box question and it's a little rudimentary, 408 00:21:58,400 --> 00:22:00,240 Speaker 1: but uh, I think you're a good part is not. 409 00:22:00,400 --> 00:22:04,800 Speaker 1: I mean, has has have these groups, these terrorists groups 410 00:22:04,840 --> 00:22:07,359 Speaker 1: in the region. I mean, have they actually been impacted 411 00:22:07,359 --> 00:22:11,560 Speaker 1: by the virus itself? Have they had to adopt the precautions? 412 00:22:11,600 --> 00:22:14,159 Speaker 1: And you know, we've seen what's played out reportedly in 413 00:22:14,200 --> 00:22:17,680 Speaker 1: Iran with how Iran has just been completely pummeled by 414 00:22:17,760 --> 00:22:23,840 Speaker 1: the coronavirus. What about the other terrorist groups in the region, Kevin, 415 00:22:23,880 --> 00:22:27,320 Speaker 1: That's the question that a number of US have been 416 00:22:27,359 --> 00:22:30,560 Speaker 1: wondering about. There's not a lot of data information to 417 00:22:31,400 --> 00:22:34,800 Speaker 1: determine whether they're worried about it from their own, you know, 418 00:22:34,920 --> 00:22:38,560 Speaker 1: personal impact on their health. But I think you can 419 00:22:38,600 --> 00:22:42,520 Speaker 1: assume that if you're a young military area, each male 420 00:22:42,560 --> 00:22:45,000 Speaker 1: in your twenties or thirties, which or most of them are, 421 00:22:45,040 --> 00:22:48,320 Speaker 1: who joined ISIS, and you joined ISIS in the first place, 422 00:22:48,480 --> 00:22:51,280 Speaker 1: which means you were willing to take significant risks to 423 00:22:51,480 --> 00:22:54,280 Speaker 1: your life, even put on a suicide vest. You're probably 424 00:22:54,320 --> 00:22:57,920 Speaker 1: not that worried about contracting COVID mainteen. It's the least 425 00:22:57,920 --> 00:23:01,680 Speaker 1: of the risks in your life at the points put 426 00:23:02,160 --> 00:23:06,879 Speaker 1: totality rates. So they're not that worried. Fascinate But but 427 00:23:06,920 --> 00:23:08,440 Speaker 1: I mean, but when then when you see what happens 428 00:23:08,480 --> 00:23:10,560 Speaker 1: in iron though, I mean, then, but you know then 429 00:23:10,600 --> 00:23:12,880 Speaker 1: they should be it's it's it's it's yeah. I mean, 430 00:23:12,880 --> 00:23:15,560 Speaker 1: but yes, I something tells me they're not. They're not 431 00:23:15,600 --> 00:23:18,800 Speaker 1: doing uh rapid testing in nicis. Um let me, let's 432 00:23:18,800 --> 00:23:20,520 Speaker 1: move on. I want to I want to ask you 433 00:23:20,560 --> 00:23:23,000 Speaker 1: about U. S. China relations and and this issue of 434 00:23:23,000 --> 00:23:25,720 Speaker 1: of diplomacy, because yesterday we had Joel Reuben on the program. 435 00:23:25,920 --> 00:23:30,600 Speaker 1: He's the former undersecret deputy under secretary, deputy assistant secretary. 436 00:23:30,640 --> 00:23:34,960 Speaker 1: I apologize Joel Reuben, former Deputy Assistant Secretary for Legislative 437 00:23:34,960 --> 00:23:38,240 Speaker 1: Affairs in the Obama administration, and he was making this 438 00:23:38,320 --> 00:23:42,400 Speaker 1: case from the left that a Biden presidency would ramp 439 00:23:42,520 --> 00:23:46,399 Speaker 1: up diplomatic efforts on the ground in China, and you know, 440 00:23:46,440 --> 00:23:49,480 Speaker 1: and and saying arguing that the Trump administration had cut 441 00:23:49,680 --> 00:23:53,320 Speaker 1: diplomats in the region and whatnot. What do you think 442 00:23:53,359 --> 00:23:56,879 Speaker 1: as an expert, and and largely in a political expert, uh, 443 00:23:57,119 --> 00:23:59,960 Speaker 1: David Safiori, who's joining us, what do you think needs 444 00:24:00,040 --> 00:24:02,639 Speaker 1: to be done in terms of how to get China 445 00:24:02,720 --> 00:24:08,119 Speaker 1: to cooperate more with the with the international community, including Europe, 446 00:24:08,160 --> 00:24:12,600 Speaker 1: including the United States through the World Health Organization. Well, 447 00:24:12,640 --> 00:24:15,240 Speaker 1: I don't always agree with Secretary of State Pompeo and 448 00:24:15,280 --> 00:24:17,840 Speaker 1: President Trump, but I think they are right to be 449 00:24:17,960 --> 00:24:22,680 Speaker 1: criticizing China's response, to be pushing for an independent investigation 450 00:24:23,280 --> 00:24:26,919 Speaker 1: of its response to the coronavirus and how the coronavirus 451 00:24:27,560 --> 00:24:31,919 Speaker 1: was originally contracted by people in Wuhan. And I also 452 00:24:32,040 --> 00:24:35,159 Speaker 1: think that they are right to think about ways to 453 00:24:35,400 --> 00:24:41,359 Speaker 1: disincentivize similar behavior by China in in the future, because 454 00:24:41,560 --> 00:24:45,240 Speaker 1: if China doesn't learn from this, this could easily happen again. 455 00:24:45,280 --> 00:24:48,280 Speaker 1: And the problem with China is both there is an 456 00:24:48,320 --> 00:24:53,440 Speaker 1: you know, intentional negligence in not reporting faster, and there 457 00:24:53,520 --> 00:24:57,520 Speaker 1: was als those systemic problems because people in China were 458 00:24:57,560 --> 00:25:02,280 Speaker 1: already scared to report when the virus was first being contracted. 459 00:25:02,280 --> 00:25:04,359 Speaker 1: They didn't want to report it up to change. So 460 00:25:04,400 --> 00:25:07,440 Speaker 1: it's going to be difficult to address. But the means 461 00:25:07,440 --> 00:25:11,040 Speaker 1: there have to be significant ramifications for China, whether it 462 00:25:11,160 --> 00:25:15,080 Speaker 1: is trade, whether it is coordinating with other countries as 463 00:25:15,080 --> 00:25:18,320 Speaker 1: we're already trying to do in order to leave China 464 00:25:18,359 --> 00:25:21,439 Speaker 1: out and exclude it from certain aspects. And also I 465 00:25:21,480 --> 00:25:26,080 Speaker 1: think it's fair that who deserves some criticism too because 466 00:25:26,119 --> 00:25:29,760 Speaker 1: they accepted some of the explanations from China, and who 467 00:25:30,160 --> 00:25:32,880 Speaker 1: has a role in this it should accept that criticism 468 00:25:33,080 --> 00:25:36,800 Speaker 1: and make some changes so it also performs better next time, 469 00:25:37,240 --> 00:25:40,320 Speaker 1: you know. And and you know, just for China to 470 00:25:40,320 --> 00:25:42,720 Speaker 1: to appear at the World Health Organization last week and 471 00:25:42,720 --> 00:25:46,440 Speaker 1: to announce two billion dollars worth to contribute to the 472 00:25:46,520 --> 00:25:49,919 Speaker 1: pandemic recovery, that's pennies, is it not? In terms of 473 00:25:49,920 --> 00:25:53,080 Speaker 1: the response that it's actually going to take because of 474 00:25:53,080 --> 00:25:56,639 Speaker 1: the just the economic impact alone on what the pandemic 475 00:25:56,720 --> 00:26:00,399 Speaker 1: has had on the on the international community. It is 476 00:26:00,600 --> 00:26:05,080 Speaker 1: and Secretary of State Pompeio was critical of China for 477 00:26:05,119 --> 00:26:07,800 Speaker 1: that reason because it's such a small amount given the 478 00:26:08,280 --> 00:26:12,680 Speaker 1: massive global impact. And I think Secretary State Pompeio didn't 479 00:26:12,680 --> 00:26:15,520 Speaker 1: mention this, but he also could have said, the US 480 00:26:15,560 --> 00:26:18,720 Speaker 1: has already given a billion dollars to foreign countries to 481 00:26:18,840 --> 00:26:23,800 Speaker 1: help with COVID nineteen response, and it's two trillion or 482 00:26:23,840 --> 00:26:27,159 Speaker 1: three trillion in Congress, go ahead, not to interrupt you exactly, 483 00:26:27,280 --> 00:26:30,159 Speaker 1: and but even but but even as we're dealing with 484 00:26:30,200 --> 00:26:33,840 Speaker 1: this crisis right now, we're already still thinking about other 485 00:26:33,920 --> 00:26:37,480 Speaker 1: countries and giving money for other countries. Congress has appropriated 486 00:26:37,520 --> 00:26:40,639 Speaker 1: two billions. So we've already appropriated about two billions for 487 00:26:40,720 --> 00:26:42,399 Speaker 1: the State Department in U. S A I. D. To 488 00:26:42,400 --> 00:26:46,199 Speaker 1: help foreign countries, which equals what China has pledged. My 489 00:26:46,320 --> 00:26:49,399 Speaker 1: guesses were more likely to follow through on that. China 490 00:26:49,440 --> 00:26:52,199 Speaker 1: may not follow from on that, and probably more we're 491 00:26:52,240 --> 00:26:55,000 Speaker 1: going to come from the US government to China's two billion. 492 00:26:55,119 --> 00:26:59,000 Speaker 1: It's not enough, it's too little. And SEP State Pompeo 493 00:26:59,040 --> 00:27:02,000 Speaker 1: was right to criticize China. David's A Fury always a 494 00:27:02,000 --> 00:27:04,240 Speaker 1: pleasure of my friend. Thank you so much for checking in, 495 00:27:04,320 --> 00:27:07,040 Speaker 1: and uh hey, report back on that book. But maybe 496 00:27:07,080 --> 00:27:08,720 Speaker 1: read a light one after that, David, you know what 497 00:27:08,720 --> 00:27:10,359 Speaker 1: I mean, lightening it up. You know you can read, 498 00:27:10,600 --> 00:27:12,560 Speaker 1: you can read a guilty pleasure. David s A Fury 499 00:27:12,560 --> 00:27:14,560 Speaker 1: are a good friend of the program. Coming up, much 500 00:27:14,560 --> 00:27:17,720 Speaker 1: more on international politics and policy. You're listening to Bloomberg 501 00:27:17,800 --> 00:27:34,440 Speaker 1: Sound On. You're listening to Bloomberg Sound On with Kevin 502 00:27:34,440 --> 00:27:38,320 Speaker 1: Surreley on Bloomberg and one oh five point seven f 503 00:27:38,520 --> 00:27:45,680 Speaker 1: m h D two. Kevin Surreally, Chief Washington correspondent from 504 00:27:45,680 --> 00:27:50,879 Speaker 1: Bloomberg Television in Bloomberg Radio. What a beautiful day today 505 00:27:50,880 --> 00:27:53,960 Speaker 1: in Washington, in the nation's capital. Kind of it was 506 00:27:54,040 --> 00:27:58,159 Speaker 1: kind of overcast, cloudy, but it's humpday. We're halfway through 507 00:27:58,200 --> 00:28:00,800 Speaker 1: the week. Congrats, folks. Two more day untill the weekend. 508 00:28:01,040 --> 00:28:05,080 Speaker 1: But when someone I know said, someone I know said 509 00:28:05,119 --> 00:28:08,480 Speaker 1: to me, you know, they only have the long weekend 510 00:28:08,680 --> 00:28:11,439 Speaker 1: and then the mini weekend these days because because when 511 00:28:11,480 --> 00:28:13,320 Speaker 1: they work from home, they you know, they lose track 512 00:28:13,320 --> 00:28:15,240 Speaker 1: of the days. So like Monday through Friday is the 513 00:28:15,240 --> 00:28:17,600 Speaker 1: long weekend, and then the mini weekend is Saturday and Sunday. 514 00:28:17,600 --> 00:28:19,679 Speaker 1: But I'm like, what happens on Memorial Day when you 515 00:28:19,720 --> 00:28:21,919 Speaker 1: have a three day it's a three day weekend. Are 516 00:28:21,960 --> 00:28:25,040 Speaker 1: you going to the shore? What do you do? Do 517 00:28:25,119 --> 00:28:27,119 Speaker 1: you get a haircut before you go down the shore 518 00:28:27,840 --> 00:28:32,280 Speaker 1: or no? It's it's it's the the water cooler conversation 519 00:28:32,840 --> 00:28:37,440 Speaker 1: that everybody's having right now as we socially distance ourselves. 520 00:28:38,160 --> 00:28:42,360 Speaker 1: You know, Mayor Bowser of Washington d C. She's gonna 521 00:28:42,400 --> 00:28:46,920 Speaker 1: announce tomorrow some update, some update on the guidelines. What 522 00:28:46,920 --> 00:28:49,280 Speaker 1: will report on that. We'll talk about that. And I'm 523 00:28:49,320 --> 00:28:52,640 Speaker 1: excited because on Friday, we actually have a special segment 524 00:28:53,320 --> 00:28:57,160 Speaker 1: on Friday with Congressman Max Rose. He's got We're gonna 525 00:28:57,160 --> 00:29:00,640 Speaker 1: talk with him about the legislation on coronavirus US and everything, 526 00:29:00,640 --> 00:29:04,800 Speaker 1: but he's also got this piece of bipartisan legislation UH 527 00:29:04,840 --> 00:29:10,160 Speaker 1: that he wants to introduced that would protect youth sports. 528 00:29:10,520 --> 00:29:11,840 Speaker 1: I want to talk to him about that, and my 529 00:29:11,880 --> 00:29:13,720 Speaker 1: friends over at DC scores are going to join us 530 00:29:13,720 --> 00:29:15,960 Speaker 1: as well to talk about the importance of youth sports 531 00:29:15,960 --> 00:29:18,480 Speaker 1: and how schools. May Or may not be playing and 532 00:29:18,960 --> 00:29:21,240 Speaker 1: all of it. It's so incredibly important. I'm excited for 533 00:29:21,280 --> 00:29:25,400 Speaker 1: that show that'll be Friday, right here on Bloomberg Sound On. Okay, 534 00:29:25,480 --> 00:29:28,320 Speaker 1: let's talk about something else that has gained traction throughout 535 00:29:28,320 --> 00:29:30,160 Speaker 1: the last couple of weeks and we've been talking about it. 536 00:29:30,240 --> 00:29:34,560 Speaker 1: That's the rise of artificial intelligence and contact tracing to 537 00:29:34,720 --> 00:29:36,880 Speaker 1: stop the spread of the virus. How do we do 538 00:29:36,920 --> 00:29:40,400 Speaker 1: this and its democracy? You know, how do we grapple 539 00:29:40,440 --> 00:29:43,640 Speaker 1: with these types of questions in America and in the 540 00:29:43,680 --> 00:29:47,160 Speaker 1: Western world. We've got an expert on the line, Dr 541 00:29:47,240 --> 00:29:54,160 Speaker 1: Michael Chewey, partner at the Mackenzie Global Institute, Mackenzie's Business 542 00:29:54,200 --> 00:29:58,480 Speaker 1: and economics research arm. We had sus in London. Dr Chewy, 543 00:29:58,520 --> 00:30:00,960 Speaker 1: thanks so much for joining us. Talk to me about 544 00:30:01,040 --> 00:30:05,480 Speaker 1: technological and medical innovations that could lead to not only 545 00:30:05,520 --> 00:30:10,040 Speaker 1: a cure, but new growth. Hey, Kevin, thanks for having 546 00:30:10,080 --> 00:30:14,200 Speaker 1: me on UM. We just recently published a research report 547 00:30:14,480 --> 00:30:16,760 Speaker 1: looking at what we call the bio revolution, and as 548 00:30:16,880 --> 00:30:19,280 Speaker 1: you know, you point out, suddenly everyone is, you know, 549 00:30:19,320 --> 00:30:23,960 Speaker 1: because of the tremendous challenge, humanitarian challenge and in some 550 00:30:24,000 --> 00:30:27,600 Speaker 1: cases tragedy of COVID nineteen, people are suddenly realizing, you 551 00:30:27,600 --> 00:30:30,360 Speaker 1: know what, biology can affect all of us, whether or 552 00:30:30,360 --> 00:30:33,800 Speaker 1: not we're you know, in healthcare, agriculture, but elsewhere. What 553 00:30:33,880 --> 00:30:35,640 Speaker 1: we try to do and set out in this research 554 00:30:35,720 --> 00:30:38,560 Speaker 1: was trying to understand what the potential of all of 555 00:30:38,680 --> 00:30:42,400 Speaker 1: his biological technologies might be going forward. We really think 556 00:30:42,440 --> 00:30:45,920 Speaker 1: we've hidden inflection point. We've seen the cost of sequencing 557 00:30:46,080 --> 00:30:47,960 Speaker 1: you know, the human genome and go from three billion 558 00:30:48,000 --> 00:30:50,080 Speaker 1: and soon will be a hundred bucks. You know, that's 559 00:30:50,120 --> 00:30:52,880 Speaker 1: advancing faster than Moore's law. And now we can manipulate 560 00:30:52,960 --> 00:30:56,040 Speaker 1: genes using techniques like crisper. And what we actually discovered 561 00:30:56,160 --> 00:30:59,840 Speaker 1: was the incredible breadth of potential application just as use 562 00:31:00,080 --> 00:31:04,280 Speaker 1: potentially actually you know, being able to create vaccines or therapies, 563 00:31:04,520 --> 00:31:08,000 Speaker 1: you know for the stars Kobe too virus that causes uh, 564 00:31:08,160 --> 00:31:11,520 Speaker 1: you know, COVID nineteen. But also you know what impact 565 00:31:11,520 --> 00:31:14,400 Speaker 1: this might have on you know, the clothes we wear. Um, 566 00:31:14,400 --> 00:31:16,800 Speaker 1: we can now use fermentation, the same type of process 567 00:31:16,840 --> 00:31:19,240 Speaker 1: that you know we use the bake bread or make 568 00:31:19,320 --> 00:31:27,160 Speaker 1: beer ware. Losing Dr Michael Okay, wait wait, you're you're 569 00:31:27,240 --> 00:31:30,520 Speaker 1: we're talking about during the coronavirus and then I'm just 570 00:31:30,560 --> 00:31:33,040 Speaker 1: hearing like the jeans and the bread. Wait, I think 571 00:31:33,120 --> 00:31:35,320 Speaker 1: this is fascinating and truthfully, we've been talking about this 572 00:31:35,520 --> 00:31:37,920 Speaker 1: throughout the past couple of weeks. But walk me through 573 00:31:38,000 --> 00:31:40,400 Speaker 1: this connection of how this would work, because I don't 574 00:31:40,440 --> 00:31:42,920 Speaker 1: think people know and it really is the future. So 575 00:31:42,920 --> 00:31:46,720 Speaker 1: so in plain speak, because this is way above what 576 00:31:46,760 --> 00:31:49,480 Speaker 1: I know about. So go ahead, you bet. Look, the 577 00:31:49,480 --> 00:31:52,400 Speaker 1: coronavirus is a virus, right, and so it is. You know. 578 00:31:52,440 --> 00:31:55,720 Speaker 1: The important part of it is is basically UM, you know, 579 00:31:55,800 --> 00:31:59,959 Speaker 1: biological code UM. You know, with with this chemical car 580 00:32:00,000 --> 00:32:02,840 Speaker 1: called r n A. You know, some of the technologies 581 00:32:03,040 --> 00:32:06,080 Speaker 1: that have been developed allow us to you know, sequence 582 00:32:06,120 --> 00:32:09,200 Speaker 1: that code, actually be able to deprogram figure out what 583 00:32:09,520 --> 00:32:13,200 Speaker 1: causes this virus to operate UM. And that's the technology 584 00:32:13,240 --> 00:32:16,160 Speaker 1: which has become much much faster and much much cheaper. 585 00:32:16,400 --> 00:32:20,440 Speaker 1: The first stars you know, virus UM, it took months 586 00:32:20,440 --> 00:32:22,520 Speaker 1: in order to sequence it. You know, this one took 587 00:32:22,560 --> 00:32:25,720 Speaker 1: weeks to do. But what's interesting about that is that 588 00:32:25,880 --> 00:32:29,720 Speaker 1: same technology can be used not only to diagnose other diseases, 589 00:32:29,800 --> 00:32:33,040 Speaker 1: but to understand all kinds of other processes. And by 590 00:32:33,040 --> 00:32:35,560 Speaker 1: the way, as people are working on vaccines, we can 591 00:32:35,560 --> 00:32:39,000 Speaker 1: actually reprogram those sorts of things. So now, for instance, 592 00:32:39,120 --> 00:32:41,360 Speaker 1: you know, not only can we understand the impact of 593 00:32:41,360 --> 00:32:44,720 Speaker 1: a virus, we can reuse that same type of technology 594 00:32:44,760 --> 00:32:48,400 Speaker 1: to understand how other processes work and then reprogram them. 595 00:32:48,680 --> 00:32:52,760 Speaker 1: And so yeast is a biological process, we can reprogram 596 00:32:52,840 --> 00:32:56,880 Speaker 1: yeast in order to produce other types of materials. So 597 00:32:56,920 --> 00:33:01,040 Speaker 1: not only can genetic code cause disease, we can use 598 00:33:01,080 --> 00:33:05,680 Speaker 1: that type of genetic code in order to produce materials. 599 00:33:05,720 --> 00:33:07,400 Speaker 1: You know, I hear this, and you're a lot smarter 600 00:33:07,440 --> 00:33:10,200 Speaker 1: than me, But you know, I hear this and I think, Okay, 601 00:33:10,200 --> 00:33:12,240 Speaker 1: then why don't we have a vaccine or why don't 602 00:33:12,240 --> 00:33:14,040 Speaker 1: we why aren't we able to reopen the economy and 603 00:33:14,040 --> 00:33:15,240 Speaker 1: have all of these tests? You know what I mean. 604 00:33:15,520 --> 00:33:17,640 Speaker 1: So on the one hand, for us, for us who 605 00:33:17,680 --> 00:33:21,040 Speaker 1: aren't is intelligent on these issues as you are, it's 606 00:33:21,040 --> 00:33:24,040 Speaker 1: frustrating because we're hopeful about the science and what's what's 607 00:33:24,080 --> 00:33:27,360 Speaker 1: in the private sector and the and the resurgence of 608 00:33:27,400 --> 00:33:29,680 Speaker 1: this and how to get out of this. But it's 609 00:33:29,680 --> 00:33:32,000 Speaker 1: frustrating because it's like, well, what's taking so long? But 610 00:33:32,120 --> 00:33:34,560 Speaker 1: let me ask you a broader question, because there are 611 00:33:34,600 --> 00:33:39,440 Speaker 1: some serious democratic, lowercase D issues here uh, as it 612 00:33:39,480 --> 00:33:42,680 Speaker 1: relates to this science, to this technology, with these corels. 613 00:33:42,680 --> 00:33:45,280 Speaker 1: So how do we balance the right to privacy, the 614 00:33:45,360 --> 00:33:50,440 Speaker 1: right to our our freedoms with also trying to protect society. Yeah, 615 00:33:50,520 --> 00:33:52,520 Speaker 1: so point number one and the reason why we don't 616 00:33:52,640 --> 00:33:54,760 Speaker 1: have all this stuff yet is it's actually hard to do, 617 00:33:54,880 --> 00:33:57,680 Speaker 1: you know what we've had all of these advances, it's 618 00:33:57,680 --> 00:34:00,160 Speaker 1: actually hard to do scientifically. And when you think about, 619 00:34:00,200 --> 00:34:01,640 Speaker 1: you know, in the vaccine case, you have to make 620 00:34:01,680 --> 00:34:04,480 Speaker 1: sure you have safety efficacy and then do testing. The 621 00:34:04,520 --> 00:34:07,000 Speaker 1: same thing if you're bringing something to market. To this 622 00:34:07,120 --> 00:34:09,919 Speaker 1: question about you know what about the you know, these 623 00:34:10,040 --> 00:34:13,200 Speaker 1: risks and we we actually do identify a number of 624 00:34:13,280 --> 00:34:15,839 Speaker 1: risks which are both unique to these technologies as well 625 00:34:15,840 --> 00:34:18,759 Speaker 1: as echoes of those of previous technologies. And in this 626 00:34:18,800 --> 00:34:21,759 Speaker 1: case we you know, in terms of UM, the the 627 00:34:21,800 --> 00:34:25,280 Speaker 1: lower case of democratic values and how you think about privacy, 628 00:34:25,320 --> 00:34:27,600 Speaker 1: for instance, that is something that is an echo of 629 00:34:27,640 --> 00:34:30,319 Speaker 1: what we've seen in digital So we always we do 630 00:34:30,440 --> 00:34:34,040 Speaker 1: worry about, you know this, this this trail of you know, 631 00:34:34,239 --> 00:34:36,600 Speaker 1: breadcrumbs that we leave on the internet as we go 632 00:34:36,640 --> 00:34:39,239 Speaker 1: ahead and and use our web browsers or use our 633 00:34:39,280 --> 00:34:43,239 Speaker 1: mobile phones. Um this similar kinds of concerns, you know, 634 00:34:43,280 --> 00:34:45,839 Speaker 1: are around our genetics for instance, right, so you know, 635 00:34:46,080 --> 00:34:48,359 Speaker 1: there's nothing more personal than the ins that I made 636 00:34:48,400 --> 00:34:51,400 Speaker 1: up made up of. And then if you start to 637 00:34:51,440 --> 00:34:54,120 Speaker 1: think about some of these questions about you know, if 638 00:34:54,160 --> 00:34:57,040 Speaker 1: if we're trying to do contact tracing, for instance, you know, 639 00:34:57,080 --> 00:34:59,480 Speaker 1: how do we both do that in order to promote 640 00:34:59,520 --> 00:35:03,040 Speaker 1: the public um as well as you know, ensure that 641 00:35:03,120 --> 00:35:05,839 Speaker 1: you know that information isn't misused. And so those are 642 00:35:05,880 --> 00:35:07,880 Speaker 1: some of the things both the technologists as well as 643 00:35:07,880 --> 00:35:10,480 Speaker 1: the public policy people in public health people need to 644 00:35:10,480 --> 00:35:12,840 Speaker 1: grapple with. Dr Michael Cheruby's on the line. He's a 645 00:35:12,840 --> 00:35:16,440 Speaker 1: partner at the McKenzie Global Institute, mckensey's business and economics 646 00:35:16,560 --> 00:35:19,399 Speaker 1: research arm. They've got this incredible new study out called 647 00:35:19,400 --> 00:35:24,400 Speaker 1: the bio Revolution Innovations Transforming Economy, societies and our lives. 648 00:35:24,400 --> 00:35:27,000 Speaker 1: It's optimistic, you know. When I read it, Michael, I 649 00:35:27,080 --> 00:35:29,719 Speaker 1: was very very optimistic because you guys report that at 650 00:35:29,760 --> 00:35:33,840 Speaker 1: least think about this, forty five per cent of the 651 00:35:33,880 --> 00:35:38,200 Speaker 1: global disease burden could be addressed with the capabilities that 652 00:35:38,239 --> 00:35:44,280 Speaker 1: are scientifically conceivable today today already, And so I'm wondering 653 00:35:44,320 --> 00:35:47,959 Speaker 1: I mean this is a very optimistic report. Um. And 654 00:35:47,960 --> 00:35:50,040 Speaker 1: and and what was one of the findings that you 655 00:35:50,160 --> 00:35:52,640 Speaker 1: found that that brought you optimism and hope because so 656 00:35:52,719 --> 00:35:55,520 Speaker 1: much of the the news flow, to quote my friend 657 00:35:55,520 --> 00:35:58,719 Speaker 1: Tom Kane, my friend and mentor Tom Kane, has been uh, 658 00:35:58,920 --> 00:36:05,360 Speaker 1: you know, very down. No. Look, I we certainly agree 659 00:36:05,400 --> 00:36:07,360 Speaker 1: that there are a lot of risks, as we just 660 00:36:07,400 --> 00:36:09,560 Speaker 1: talked about, but we did see all this you know, 661 00:36:09,640 --> 00:36:14,000 Speaker 1: positive potential. As you said, the ability to address you know, diseases. 662 00:36:14,160 --> 00:36:16,960 Speaker 1: In fact, what we've been able to find, um, you know, 663 00:36:17,040 --> 00:36:20,319 Speaker 1: our for instance, the ability to to completely cure what 664 00:36:20,560 --> 00:36:23,319 Speaker 1: would have otherwise been a lifelong disease. Some of these 665 00:36:23,360 --> 00:36:26,400 Speaker 1: blood diseases, for instance, tallisemia is one of them, sickle 666 00:36:26,400 --> 00:36:29,960 Speaker 1: cells with a single treatment. That's incredible. We're gonna have 667 00:36:30,040 --> 00:36:31,960 Speaker 1: to leave it there. Hey, come back on and talk 668 00:36:32,000 --> 00:36:33,759 Speaker 1: to us more about this, because we could do a 669 00:36:33,760 --> 00:36:36,920 Speaker 1: whole show on this, and it really is remarkable and 670 00:36:36,960 --> 00:36:39,400 Speaker 1: it's hopeful. It's optimistic. You know that a lot of 671 00:36:39,400 --> 00:36:41,839 Speaker 1: the research that we already have available to us. Uh, 672 00:36:42,239 --> 00:36:43,960 Speaker 1: it's going to be the way out of this. I'm 673 00:36:44,040 --> 00:36:46,800 Speaker 1: Kevin Severi, Chief Washington correspondent for Loomber TV and Radio. 674 00:36:46,920 --> 00:36:49,719 Speaker 1: Thanks for listening, uh and tune in tomorrow for more 675 00:36:49,760 --> 00:36:53,400 Speaker 1: special coverage of the global policy and politics around the coronavirus. 676 00:36:53,440 --> 00:36:54,360 Speaker 1: You're listening to Bloomberg