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Speaker 1: Live from our Nation's All Talk here in Washington, d

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Speaker 1: C turns to President elect Joe Biden's administration, historically speaking

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Speaker 1: the markets that performed better when there is divided government.

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Speaker 1: The biggest pressure for physical stimulus is an up taking

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Speaker 1: cases Bloomberg Sound on the insiders, the influencers, the inside.

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Speaker 1: Biden has Thomas again and again that he will unite

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Speaker 1: the country's state government's control elections left in the competitution.

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Speaker 1: I think that we can expect a smooth, thoughtful, methodical transition.

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Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg

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Speaker 1: and one oh fiem h D two. One stimulus package down,

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Speaker 1: another to go, Vice President or President elect rather Joe

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Speaker 1: Biden calling for more aid and spending and warrants of

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Speaker 1: darker days ahead. Meanwhile, stocks extend slide amid lingering virus concern.

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Speaker 1: We've got lots to get through, including President Elect Joe

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Speaker 1: Biden's comments from earlier today. But we begin tonight digging

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Speaker 1: deeper in to the first round of economic stimulus and

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Speaker 1: sentim an already leader Chuck Schumer says that Republicans saw

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Speaker 1: the light Mitch McConnell had blocked aid for six months,

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Speaker 1: but at the very end of the year Christmas season,

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Speaker 1: he finally saw the light. You really can't make it up, fokes. Meanwhile,

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Speaker 1: Senator Lindsey Graham also equally as happy. Uh, and here's

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Speaker 1: what he had to say about the bipartisan deal. You

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Speaker 1: could have gotten this package in July. Mitch McConnell's right

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Speaker 1: about that that I refused to even talk to us

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Speaker 1: before the election, but I'll say thought a relief package

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Speaker 1: would help President Trump. Joining us now is Laura Davison.

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Speaker 1: Laura has been all over this story and just really

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Speaker 1: digging into the bill. She has a Bloomberg Congress and

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Speaker 1: tax reporter. Laura. I'm so grateful that she made time

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Speaker 1: for me today during this holiday week. I want to start.

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Speaker 1: I have like a checklist of things that I want

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Speaker 1: to go over with you. Let's first go into the

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Speaker 1: jobless aid checks and P P P. Dig into the

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Speaker 1: weeds for us unpacked it beyond just the nine billion

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Speaker 1: dollar number. Go yeah, well, this is certainly the biggest

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Speaker 1: part of the package. So let's start first with checks.

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Speaker 1: That's what everyone wants to know about six hundred dollars

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Speaker 1: for most American adults earning up to seventy dollars if

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Speaker 1: your single, or twice that hundred and fifty thousand dollars

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Speaker 1: if you are married. Also another six hundred dollars for

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Speaker 1: each of your children. Uh if they're under the age

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Speaker 1: of seventeen. Those will still start going out pretty quickly.

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Speaker 1: Stephen the Nusian said, next week is when the first

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Speaker 1: payments will start hitting bank accounts. Uh. They last time

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Speaker 1: that we were able to get tens of millions of

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Speaker 1: payments out just within a couple of weeks. We could

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Speaker 1: see that move even faster this time. If you've got

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Speaker 1: paper check last time, you'll likely get it as a

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Speaker 1: paper check this time, and that could take a little

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Speaker 1: bit longer. So you're looking more you know, mid January

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Speaker 1: to late January before that shows up in your mailbox.

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Speaker 1: All right, and what is different? What is the size

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Speaker 1: and the scope and how do people get access to it? Yeah,

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Speaker 1: so there's some new rules here this time. So there's

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Speaker 1: about two and four billion dollars and new PPP money,

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Speaker 1: including money that you can get a second p p

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Speaker 1: P loan if you want one. However, there are some

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Speaker 1: more rules. Your business has to be a little bit

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Speaker 1: smaller max. Three thousand employees, and you also have to

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Speaker 1: show loss during the pandemic and that you you were

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Speaker 1: hit hard and your business suffered, and that you need

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Speaker 1: this extra money. So there's a little bit more to

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Speaker 1: show there. But the really really small businesses are excited

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Speaker 1: because there's a special pot of money for businesses that

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Speaker 1: are in low income communities less than ten employees. UM.

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Speaker 1: So it should be easier. And that big rush that

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Speaker 1: we saw where the money ran out and there was

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Speaker 1: all this fraud, a lot of that has been addressed

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Speaker 1: in this round, so hopefully it will be a lot

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Speaker 1: easier and farmer process for everyone. Where do people go

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Speaker 1: if they want to get at their small business and

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Speaker 1: they want to get p PP money who already have

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Speaker 1: a relationship with a bank, that is the first place

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Speaker 1: to go. But there's also a specific money in here

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Speaker 1: for community lenders. Uh that if you don't you know,

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Speaker 1: have a specific bank that you already work with, there's

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Speaker 1: these small community based lenders that have some extra backing

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Speaker 1: that this is uh, this bill gives some money for Okay,

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Speaker 1: and now I've got I've been reading the headlines on

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Speaker 1: the terminal elsewhere you're reporting other reporting beer restaurants and

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Speaker 1: Nascar when tax brace breaks and virus relief bill. Who

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Speaker 1: got tax breaks in this page? Um economic gospel, so

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Speaker 1: to speak. The better question is who didn't get taxed?

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Speaker 1: I did. But there are you know, almost eighty different

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Speaker 1: different tax breaks in there. And it's really from everything

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Speaker 1: from racehorses to NASCAR race tracks. Uh. You know. For

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Speaker 1: there's a bigger expanded deduction for for business meals for

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Speaker 1: wining and dining clients. That's something that was really really

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Speaker 1: important to President Donald Trump. Uh, they got that in

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Speaker 1: their Democrats got some stuff that they wanted, more renewable energy,

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Speaker 1: uh tax credit. It's also on the earned income tax credit,

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Speaker 1: which is that kind of a big tax credit for

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Speaker 1: for lower income people. They made some changes to it

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Speaker 1: so if people lost wages during the pandemic, they could

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Speaker 1: get a bigger tax refund. So lots of changes across

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Speaker 1: the board, from you know, low income individuals all the

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Speaker 1: way to uh two beer brewers who got their uh

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Speaker 1: their excise tax removed, you know, Miller's Corps and and

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Speaker 1: Budweiser also got some breaks in there. Lauren Davison's with

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Speaker 1: US Bloomberg Congress and tax reporter. Let's unpack this. You

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Speaker 1: mentioned something. President Trump was pushing for this tax right off,

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Speaker 1: if you go and wind and nine a business person

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Speaker 1: unpackaged this for us. Why was he so adamant about that?

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Speaker 1: Who does it affect? And uh might it be? Who

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Speaker 1: might it benefit? Well, the funny thing year it was

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Speaker 1: actually President Trump who limited the tax break in his

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Speaker 1: uh Tax Cuts and Jobs Act from three years ago.

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Speaker 1: Uh so now he's you know, he's he took away

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Speaker 1: and now he's given it back a little bit. Um.

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Speaker 1: So this would really benefit you know, restaurants. However, it's

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Speaker 1: not normal times right now, and people aren't doing big

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Speaker 1: business senners and taking clients out. So economists say that

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Speaker 1: this will actually have a pretty limited effect. Trump wanted

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Speaker 1: it because it would help restaurants, It would help hotel bars,

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Speaker 1: it would help, uh, the the entertainment industry. But because

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Speaker 1: people aren't you know, doing the normal sorts of uh

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Speaker 1: networking maybe doing the the effect is really limited. And

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Speaker 1: then and the tax break is only on the books

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Speaker 1: for another two years, so it probably won't be the

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Speaker 1: thing that that saves the restaurant industry. What happened with NASCAR,

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Speaker 1: DASCAR this is so they got basically special write off

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Speaker 1: for building new motorsports complexes. So your new new race tracks.

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Speaker 1: I am not nascare fans of my terminology. Here is

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Speaker 1: is rough, but uh, the facilities where it's go ahead?

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Speaker 1: Are you there, Laura? Go ahead? So they can build stadiums,

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Speaker 1: but primarily these NASCAR stadiums are in the South, So

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Speaker 1: from a construction manufacturing standpoint, this would arguably help that

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Speaker 1: part of the country. Yes, it certainly would. And this

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Speaker 1: is a tax break that has been on the books

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Speaker 1: for many, many years. Congress does this thing that they

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Speaker 1: like to call tax extenders, which sounds really boring, but

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Speaker 1: basically this is where all the good stuff is. They

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Speaker 1: have these expects to say, oh, we'll just allow this

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Speaker 1: for a year or two, and then or two passes

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Speaker 1: and said, all we like this, we'll just do it

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Speaker 1: again and again and again. So if you have a

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Speaker 1: tax break that you want, the best way to get

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Speaker 1: it is to lobby your congress person, make it temporarily,

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Speaker 1: and then it ultimately effectively becomes permanent. I think the extenders.

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Speaker 1: See this is where you and I are very similar.

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Speaker 1: That's like a nerd out over that stuff. Lara Davidson

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Speaker 1: still with us, Laura, let me play for you. A

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Speaker 1: President electro Biden had to say, because he's already saying

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Speaker 1: that in the first one days of a Biden administration

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Speaker 1: they want to be able to do more stimulus. So

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Speaker 1: let me get your reaction to this. Here's President electro

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Speaker 1: Biden with sound on the next round of relief unemployments

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Speaker 1: extended for another ten weeks. It's gonna take a lot

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Speaker 1: longer than that, but Congress did his job this week,

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Speaker 1: and I can and I must ask them to do

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Speaker 1: it again next year. Okay, So behind the scenes, Laara

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Speaker 1: David said, what are we hearing from Democrats and Republicans

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Speaker 1: about the appetite for more stimulus. So Democrats have called

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Speaker 1: this a down payment on a bigger, better, uh more

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Speaker 1: fabulous stimulus bill yet to come, and Republicans, as you

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Speaker 1: can imagine, are saying absolutely no way, not going to

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Speaker 1: do it. So that the trick will be in the

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Speaker 1: balance of power in the capital going forward. We have

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Speaker 1: those January fifth runoff elections in Georgia and it really matters,

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Speaker 1: you know, whether Democrats are able to eat out and

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Speaker 1: win and have that you know, very very very slim majority,

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Speaker 1: or Republicans hang on to control and they Mitch McConnell

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Speaker 1: continues to run the show over there. Uh, still, no

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Speaker 1: matter what happens with that sixty vote threshold in the Senate,

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Speaker 1: both sides are going to have to work together, which

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Speaker 1: probably means something smaller and less ambitious than more ambitious. So,

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Speaker 1: you know, the you know, three trillion dollars Heroes Act

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Speaker 1: that we saw from House Democrats early in the spring,

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Speaker 1: that's probably out. But you know, if the virus continues

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Speaker 1: to spread at the rate that it has been and

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Speaker 1: we see a lot more widespread lockdowns like we're seeing

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Speaker 1: in California right now, for example, we could really see

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Speaker 1: a need for you know, more restaurant aid, another round

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Speaker 1: of checks, more unemployment. You know, these are things that

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Speaker 1: that will certainly be coming up in the next couple

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Speaker 1: of months, depend thing how the pandemic plays out. Laura,

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Speaker 1: help me with my prep work. What should I ask

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Speaker 1: Congressman Jody Hays in the next hour, the Republican from

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Speaker 1: Georgia's tenth congressional district, who's joining us. What's the rank

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Speaker 1: and file question that I should be asking? Oh? Well,

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Speaker 1: the thing that everyone wants to know is, you know,

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Speaker 1: what what do they think in terms of this race.

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Speaker 1: Polls are probably not very helpful because it's so hard

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Speaker 1: to model a a special election would turn out. It

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Speaker 1: would be so curious to see where he sees Democrats mobilized,

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Speaker 1: where he sees Republicans mobilized, and without Trump on the ballot,

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Speaker 1: how does that change the picture? All Right? You heard

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Speaker 1: it here first, If that's what we're gonna ask him?

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Speaker 1: All right, Much more coming up next. Laura Davidson, congratulations

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Speaker 1: on such excellent reporting all week. Truly a team leader

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Speaker 1: Bloomberg Congress and tax reporter. Her and her team have

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Speaker 1: been all over this congressional story and breaking it down

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Speaker 1: every which way, from P P P to Nascar. You know,

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Speaker 1: I I think keV could be a fast Nascar driver

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Speaker 1: if I really, if I really put my my pedal

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Speaker 1: to the medal. Am I right? Much more coming up next.

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Speaker 1: I'm Kevin Sireli. You're listening to Bloomberg One. You're listening

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Speaker 1: to Bloomberg Sound On with Kevin Surreley on Bloomberg and

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Speaker 1: one oh five point seven f m HD two. I'm

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Speaker 1: Kevin Sireli, chief Washington correspondent for Bloomberg Television and for

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Speaker 1: Bloomberg Radio. Yesterday Adam Hodgras on with me. Of course

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Speaker 1: he's over at Aerial Investments with the melody Hobson Aial

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Speaker 1: invest months and Adam text me this morning after the

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Speaker 1: show from last night, and he goes, you gotta listen

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Speaker 1: to this Johnny Cash album, but it's some obscure album.

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Speaker 1: And I said so, I said, Adam, this is genius.

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Speaker 1: So all day long, I've been listening to Ring of

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Speaker 1: Fire and the bootleg here it is traveling through nineteen

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Speaker 1: sixties seven to nineteen sixty nine. That was a time

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Speaker 1: to be alive. Huh. The Bootleg series Volume fifteen sampler.

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Speaker 1: I apologize Bob Dylan, Bob Dylan, and we are actually well.

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Speaker 1: I take great interest as Maroufle who runs our soundboards,

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Speaker 1: nos and all of the music that we play on

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Speaker 1: this show. Um, as Adam knows as well. So maybe

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Speaker 1: there's some Bob Dylan. I think there is coming up

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Speaker 1: later in this program, along with Congressman Jody heis in

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Speaker 1: the next hour. Um, and who else is gonna join us?

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Speaker 1: I'm looking at the list now. Joe Crawley, the Joe Crawley,

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Speaker 1: former Congressman Democrat from New York, is going to join

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Speaker 1: us to break down all of the latest news and

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Speaker 1: where the Democrats go from here. We focused right also

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Speaker 1: to some extent about where the Republican Party goes, but

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Speaker 1: where the Democrats going to go? Uh, every which way?

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Speaker 1: With Georgia with the House shrinking majority and Bill McGinley,

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Speaker 1: principle of the Vogeal Group, he's coming up as well.

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Speaker 1: But first, before we get back to politics, I do

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Speaker 1: want to talk about the markets today, because the markets

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Speaker 1: were well interesting. US stocks fell for a third days.

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Speaker 1: Optimism over a COVID nineteen relief bill was tempered by

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Speaker 1: the emergence of a new variant of the virus and

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Speaker 1: a slew of lockdowns and travel curbs to contain it.

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Speaker 1: The dollar advanced and Treasury's gained. The benchmark SMP five

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Speaker 1: fluctuated between gains and losses before closing lower, with consumer

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Speaker 1: services and energy the biggest sector decliners. Joining me now

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Speaker 1: on the telephone to talk about all things that happened

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Speaker 1: in the market today. Michael Reagan, he's back, senior editor

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Speaker 1: for Bloomberg Markets Live. Michael, what happened in the markets today? Oh, Kevin,

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Speaker 1: as you read you know, I think the scariest words

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Speaker 1: you could say to an investor at the end of

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Speaker 1: or you know, new strain of coronavirus, and that's what

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Speaker 1: investors are the world. How how worried should they be

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Speaker 1: about this, this mute mutation in the in the virus.

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Speaker 1: I mean, obviously yesterday we we saw a major sell

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Speaker 1: off in the morning. Um the market recovered a lot

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Speaker 1: of it, but I think there's just still a lot

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Speaker 1: of lingering questions about this new strain. But when you

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Speaker 1: look at the benchmark indexes and the sectors inside of

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Speaker 1: the stock market, it really looks like the type of

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Speaker 1: the trade where people are worried about the virus. It's

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Speaker 1: full funt and center in people's minds once again. And

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Speaker 1: that's why you have the big tech companies outperforming the

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Speaker 1: sort of beneficiaries of the of the state at home trade,

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Speaker 1: whereas you know the Dow Jones Industrial average with a

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Speaker 1: lot of heavy industry companies down the most among the

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Speaker 1: main benchmark index obviously Oils telling us so more story

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Speaker 1: all these travel restrictions throughout Europe and the rest of

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Speaker 1: the world that are really piling up aggressively now in

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Speaker 1: part because of the worries about this new strain, setting

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Speaker 1: oil down, sending energy companies down really kind of taking

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Speaker 1: the wind out of the market sales as far as

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Speaker 1: hopes for a speedy returns to normal next year, um

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Speaker 1: and and maybe something in Kevin, you know, and you

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Speaker 1: would know the stimulus bill better than me. But I

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Speaker 1: think maybe some thinking that, okay, that type of relief

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Speaker 1: package would help us sort of bridge the gap between

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Speaker 1: now and when the vaccine sort of hits critical mass

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Speaker 1: in the community of the country. But if we're all

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Speaker 1: of a sudden worried even more about this, this new

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Speaker 1: strain of the virus, it makes you wonder, well, maybe

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Speaker 1: that's not enough to really keep these these risky markets

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Speaker 1: feeling happy enough to sort of embrace risk going into

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Speaker 1: the new year this strain. Do you think the markets

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Speaker 1: are are overreacting? I mean, all of the sciences is

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Speaker 1: pointing towards it perhaps being a little bit more contagious,

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Speaker 1: but that the vaccine should be able to hold it off,

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Speaker 1: you know, so overreacting. I think the early knee jerk reaction,

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Speaker 1: the Sunday night futures trade and the early morning action

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Speaker 1: was arguably an overreaction. I mean, it really major sell off,

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Speaker 1: and the market did kind of recover a lot of

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Speaker 1: that you know, look at the SMP down zero point two.

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Speaker 1: It's not a huge sort of risk off moment. It

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Speaker 1: is the holiday week, we have volumes pretty significantly below

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Speaker 1: average SMP stocks volume about below the average over the

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Speaker 1: previous thirty days. So taden's sort of liquid markets like

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Speaker 1: I can kind of be prone to being jerked in

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Speaker 1: either direction. UM. I think the problem with this virus

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Speaker 1: is we've you know, spend conditions to wake up one

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Speaker 1: morning and read scientists say this about the buyers, and

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Speaker 1: then a couple of days later while they're reversing what

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Speaker 1: they said originally, and now they're saying this. So you know,

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Speaker 1: this new strain I think opens up a lot of

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Speaker 1: questions that UM, I agree everything I've read that, Um,

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Speaker 1: the science community doesn't seem to be as alarmed as

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Speaker 1: maybe the headlines suggest, uh that that this news strain

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Speaker 1: should be alarming. Um, but it's just just another curveball

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Speaker 1: from this virus as we close up the year that

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Speaker 1: I think, in addition to the fact that you know,

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Speaker 1: the simulus was passed, um that old axiom on Wall Street,

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Speaker 1: you know by the rumors sell the news, I mean,

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Speaker 1: it gets trotted out a lot because sell the news.

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Speaker 1: I never heard that. See this is how you know.

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Speaker 1: I'm a Washingtonian, a Delco Washingtonian. Dare I say, gosh,

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Speaker 1: I gotta I gotta make sure I can go back

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Speaker 1: when all this is over show my face. Um well,

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Speaker 1: I was like, I just I just lost my train,

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Speaker 1: by the by the rumors sell the news. Well, I

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Speaker 1: just learned something. What's going on with the transportation stocks,

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Speaker 1: the airlines and whatnot in particular. Yeah, you know, obviously

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Speaker 1: that this refocus on the virus is UM is a

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Speaker 1: big concern. You know, so we are seeing in the

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Speaker 1: thousands transportation index a little bit of weakness. I think,

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Speaker 1: you know, the airlines stand from all the reporting I've read, stands,

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Speaker 1: you know, the sort of some of the main beneficiaries

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Speaker 1: of this release package, so that like the cushioning the

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Speaker 1: blow a little bit before. You look at American Airlines

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Speaker 1: down almost four percent, Delta, Jet Blue down almost three

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Speaker 1: I mean, they're all pretty much down across the board.

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Speaker 1: Um and those side those travel restrictions piling up around

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Speaker 1: the world certainly are going to fight that sector until

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Speaker 1: there's some sort of clarity on on when all that

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Speaker 1: begins to reopen. Okay, The reason I bring this up

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Speaker 1: is because I'm gonna actually be interviewing and the next

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Speaker 1: hour a senior advisor for t S a uh andy

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Speaker 1: post is going to join me at at the back

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Speaker 1: half of the next hour, because it looks like so

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Speaker 1: many people are still traveling despite all the warnings, despite

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Speaker 1: all of what the CDC officials are saying. They're doing

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Speaker 1: it in their own socially distant, healthy way. But it's

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Speaker 1: been remarkable to see how maybe the investors are looking

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Speaker 1: at a pandemic friendly stocks, but but maybe ignoring the

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Speaker 1: people who are still doing things despite the socially distant guidelines.

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Speaker 1: Does that make sense? What the point I'm trying to make? Yeah? Yeah,

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Speaker 1: because you know, I think, Um, obviously air traffic has

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Speaker 1: yet to come anywhere near recovering two sort of back

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Speaker 1: to the pre virus levels, um, and incremental improvement in

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Speaker 1: that is going to be something that investors are gonna cheer. Um.

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Speaker 1: I think this sort of and you know, goes back

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Speaker 1: to the idea of that. Okay. Uh The actual risk

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Speaker 1: of this neutraining of the virus is one thing. The

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Speaker 1: bigger risk trussity of the economy and the markets is

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Speaker 1: how governments react to it, and they kind of across

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Speaker 1: Europe especially have reacted in a shut things down, ask

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Speaker 1: questions later sort of, you know, we'll figure this out

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Speaker 1: as we go along, but as a you know, abundance

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Speaker 1: of caution, let's shut things down. So that is a

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Speaker 1: lot of what the markets reacting to. Now. I agree

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Speaker 1: with you that maybe, um, you know, we don't know

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Speaker 1: enough about this new strain to really you know, decided

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Speaker 1: it's something to panic over on a on a large scale.

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Speaker 1: But certainly the countermeasures being taken are enough to spook

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Speaker 1: investors at least for the time being. You know. The

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Speaker 1: other thing about the viruses, the the science has advanced

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Speaker 1: so much that they can you know, map this the

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Speaker 1: genetic sequence of this thing so quickly and basically look

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Speaker 1: at how fast they develop these vaccines. I think we'll

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Speaker 1: be able to learn a lot about this new strain

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Speaker 1: of the virus in a very short time, um, and

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Speaker 1: we'll sort of confirm to the scientists whether it's a

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Speaker 1: major risk or just what viruses mutate all the time?

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Speaker 1: Why is everyone getting so worried about this? But in

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Speaker 1: that interim period, it's a part of and I think

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Speaker 1: is what people are focusing on right now, Michael Regain,

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Speaker 1: I wish I had more time, senior editor for Bloomberg Markets.

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Speaker 1: Have your holidays, my friend, and thank you so much

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Speaker 1: for all of that important analysis. More Next, this is

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Speaker 1: Bloomberg nine than I one Live from our nation's All

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Speaker 1: Talk here in Washington, d C. Turns to President elect

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Speaker 1: Joe Biden's administration. Historically speaking, the markets have performed better

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Speaker 1: when there is divided government. The biggest pressure for physical

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Speaker 1: stimulus is an off taking cases. Bloomberg Sound On, the insiders,

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Speaker 1: the influencers, the inside. Biden has promised again and again

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Speaker 1: the he will unite the country's state government's control elections

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Speaker 1: left in the constitution. I think that we can expect

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Speaker 1: a smooth, thoughtful, methodical transition. This is Bloomberg Sound On

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Speaker 1: with Kevin Shirley on Bloomberg and one oh five point

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Speaker 1: seven FM HD two One Simulus down, another to go.

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Speaker 1: President Elect Joe Biden says, yes, we're gonna get a

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Speaker 1: full dispatch from what's happening in Georgia. Congressman Jody Heights,

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Speaker 1: Republican representing Georgia's tenth congressional district, joins us and are

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Speaker 1: you flying this holiday weekend or this holiday week. The

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Speaker 1: senior advisor for t s A, Andy Post, is going

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Speaker 1: to check in with us about what t s A

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Speaker 1: is doing at the airports. You don't want to miss that.

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Speaker 1: Plus an all star panel Joe Crowley, Bill McGinley lots

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Speaker 1: to get through. We begin tonight examining what's in that

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Speaker 1: page bill of economic stimulus and sentiment. Already, Leader Chuck

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Speaker 1: Schumer was optimistic. Mitch McConnell had blocked AID for six months,

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Speaker 1: but at the very end of the year Christmas season

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Speaker 1: he finally saw the light. You really almost can't make

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Speaker 1: it up, folks. Meanwhile, Senator Lindsey Graham also gave us

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Speaker 1: some sound on the breakthrough in by partisanship. You could

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Speaker 1: have gotten this package in July. Mitch McConnell's right about

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Speaker 1: that that I refused to even talk to us before

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Speaker 1: the election, but I'll say thought a relief package would

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Speaker 1: help President Trump. The political finger pointing and back and

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Speaker 1: forth continues, but President electro Biden says this is just

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Speaker 1: the first round and a down payment. He wants more

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Speaker 1: stimulus in his first one d days. Unemployments extended for

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Speaker 1: another ten weeks. It's gonna take a lot longer than that.

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Speaker 1: But Congress did his job this week, and I can

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Speaker 1: and I must ask them to do it again next year.

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Speaker 1: And Secretary of Health and Human Services Alex Asar spoke

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Speaker 1: at the National Institutes of Health in Bethesda, Maryland, earlier today,

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Speaker 1: as well as uh Dr Anthony Fauci. But it was

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Speaker 1: fascinating to get him to speak about the timetable Secretary

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Speaker 1: of Health these are in terms of getting this vaccine

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Speaker 1: to the American people. He'd take a listen to what

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Speaker 1: he said. We've all said it as nothing short of

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Speaker 1: miraculous to have a safe and effective vaccine within one

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Speaker 1: year of a novel virus becoming known to the world.

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Speaker 1: Bill mcginley's with me. He is the principal at the

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Speaker 1: Vogel Group, former White House Cabinet Secretary, and former Deputy

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Speaker 1: council at the Republican National Committee, as is Joe Crowley,

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Speaker 1: former New York Congressman and Democratic Caucus Chair. I mean, gentlemen,

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Speaker 1: thank you for joining me. It is a bit optimistic,

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Speaker 1: even as the Wall Street was a bit perplexed, uh

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Speaker 1: Bill about the mutated a second strain. But at the

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Speaker 1: end of the day, you've got stimulus and another round.

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Speaker 1: Do you think your Republican friends and colleagues are going

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Speaker 1: to be able to get on board with another round

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Speaker 1: of stimulus or is this as good as it gets.

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Speaker 1: I think they're going to have to follow the data.

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Speaker 1: I think we're going to have to see how the

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Speaker 1: recent the package that was passed yesterday, uh the impact

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Speaker 1: that it has um on the economy. Um contained within

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Speaker 1: that legislation or a whole bunch of new expenses that

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Speaker 1: small business owners can use uh to pay those expenses

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Speaker 1: and get some loan forgiveness. UM. There are there's what's

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Speaker 1: called the p p P Second Draw, which is an

430
00:23:45,600 --> 00:23:47,960
Speaker 1: opportunity for some of the business owners who went through

431
00:23:48,000 --> 00:23:51,400
Speaker 1: the first round to get a second round, UM plus

432
00:23:51,480 --> 00:23:55,040
Speaker 1: extending out the deadlines on some of the the applications

433
00:23:55,119 --> 00:23:57,800
Speaker 1: for forgiveness for some of these rounds. So we're gonna

434
00:23:57,800 --> 00:23:59,600
Speaker 1: have to see how this goes. I think the news

435
00:23:59,680 --> 00:24:03,680
Speaker 1: strand in London obviously is concerning, and the European countries

436
00:24:03,720 --> 00:24:07,440
Speaker 1: are taking some, uh, some pretty significant steps to try

437
00:24:07,440 --> 00:24:10,560
Speaker 1: and curb that virus for making it within their borders. UM,

438
00:24:10,720 --> 00:24:13,760
Speaker 1: We'll see the CDC and everybody else continue to monitor

439
00:24:13,920 --> 00:24:16,639
Speaker 1: that issue. Over in London to see if it actually

440
00:24:16,680 --> 00:24:18,840
Speaker 1: makes it over to the stage. But I think there

441
00:24:18,920 --> 00:24:20,800
Speaker 1: is some sign of optimism here that they were able

442
00:24:20,840 --> 00:24:23,200
Speaker 1: to get the steal done. Um. I agree with Linday

443
00:24:23,240 --> 00:24:25,119
Speaker 1: Graham and Mitch McConnell that this is the package that

444
00:24:25,160 --> 00:24:27,639
Speaker 1: could have been done this summer um as opposed to

445
00:24:27,800 --> 00:24:30,399
Speaker 1: right now. But at least it got done, and so

446
00:24:30,600 --> 00:24:32,400
Speaker 1: let's try and get some made to these small businesses

447
00:24:32,440 --> 00:24:34,119
Speaker 1: that we have an economy to return to once we

448
00:24:34,160 --> 00:24:36,880
Speaker 1: get the vaccine out to everybody. Joe College Digging deeper

449
00:24:36,960 --> 00:24:41,480
Speaker 1: into this page, Bill Um, reading from Laura Davison's reporting

450
00:24:41,760 --> 00:24:43,960
Speaker 1: on the Bloomberg terminal. Tucked in among the more five

451
00:24:44,000 --> 00:24:47,520
Speaker 1: thousand pages of legislative text Congress is bill providing COVID

452
00:24:47,640 --> 00:24:51,639
Speaker 1: nineteen relief in one government funding includes dozens of tax

453
00:24:51,720 --> 00:24:55,200
Speaker 1: breaks for beneficiaries, ranging from downtown restaurants in the film

454
00:24:55,280 --> 00:24:59,240
Speaker 1: industry to motorsports race tracks. You know this, Joe. They're

455
00:24:59,280 --> 00:25:03,000
Speaker 1: called the standards, And no it's not the new action

456
00:25:03,119 --> 00:25:05,920
Speaker 1: flick movie that's going to be appearing on streaming services,

457
00:25:06,240 --> 00:25:11,000
Speaker 1: but rather wonk talk for the tax extensions and tax

458
00:25:11,080 --> 00:25:13,960
Speaker 1: breaks for various industries. This is probably the one year

459
00:25:14,000 --> 00:25:17,880
Speaker 1: where people actually are in dire need of them. Joe Crowley, Well,

460
00:25:17,960 --> 00:25:19,960
Speaker 1: there's no question I think they had a number two.

461
00:25:20,000 --> 00:25:23,800
Speaker 1: Is that the disposal to kind of help um small businesses,

462
00:25:23,880 --> 00:25:26,640
Speaker 1: small and big alike. But I do think I agree

463
00:25:26,680 --> 00:25:29,680
Speaker 1: with Bill. I think what's going to really dictate one

464
00:25:29,840 --> 00:25:33,639
Speaker 1: additional response either the Republicans will have or you know,

465
00:25:33,800 --> 00:25:38,240
Speaker 1: Congress and the President elect UM ret large, UH is

466
00:25:38,240 --> 00:25:41,840
Speaker 1: gonna dictation by what happens with this virus. We're not

467
00:25:41,920 --> 00:25:43,920
Speaker 1: out of the wood yet, we have a waste to go.

468
00:25:44,200 --> 00:25:47,120
Speaker 1: We have good news, you know, the color vaccines are

469
00:25:47,520 --> 00:25:50,639
Speaker 1: are over time in terms of getting out there in

470
00:25:50,720 --> 00:25:56,840
Speaker 1: Maderna as well as UH the the uh the UM

471
00:25:57,640 --> 00:26:01,480
Speaker 1: fightsor product. But there's a mystago hea Kevin, I think

472
00:26:02,320 --> 00:26:05,400
Speaker 1: that will dictate this. Look, you know, I think Democrats

473
00:26:05,480 --> 00:26:08,240
Speaker 1: wanted more. I don't buy this notion that they held

474
00:26:08,320 --> 00:26:10,119
Speaker 1: off for the election. I don't think Pelosi is like

475
00:26:10,280 --> 00:26:14,680
Speaker 1: that should find that more repulsive. UM So, I think

476
00:26:15,440 --> 00:26:18,200
Speaker 1: the American people are suffering. The Congress finally got something done.

477
00:26:18,280 --> 00:26:20,920
Speaker 1: More needs to be done, okay, but is there is

478
00:26:20,960 --> 00:26:23,520
Speaker 1: there an appetite for more to be done amongst Republicans

479
00:26:23,560 --> 00:26:26,000
Speaker 1: Because that for me, Bill is the biggest question that

480
00:26:26,040 --> 00:26:28,160
Speaker 1: I have, because I gotta be candid here. When I'm

481
00:26:28,200 --> 00:26:30,679
Speaker 1: talking to sources up on Capitol Hill that are are

482
00:26:30,680 --> 00:26:33,360
Speaker 1: on the Republican side, They're staring down at twenty seven

483
00:26:33,400 --> 00:26:36,680
Speaker 1: trillion dollar debt and they're staying to themselves and increasingly

484
00:26:36,760 --> 00:26:38,760
Speaker 1: more publicly, when are we going to take on that?

485
00:26:38,960 --> 00:26:42,080
Speaker 1: And obviously everyone knows that the pandemic really threw a

486
00:26:42,160 --> 00:26:45,880
Speaker 1: wrench in in the world. But at some point, people

487
00:26:45,920 --> 00:26:49,719
Speaker 1: like Senator Ted Cruz uh Marco Rubio's people who are

488
00:26:49,760 --> 00:26:53,600
Speaker 1: looking at their own calculations, are going to have to

489
00:26:53,720 --> 00:26:56,240
Speaker 1: make a decision of whether or not this type of

490
00:26:56,280 --> 00:27:00,600
Speaker 1: stimulus is going to be not just police equally worth it,

491
00:27:00,680 --> 00:27:04,960
Speaker 1: but economically viable. Bill, And I think that's where the

492
00:27:05,040 --> 00:27:06,959
Speaker 1: data is going to come in. I think a lot

493
00:27:07,040 --> 00:27:09,600
Speaker 1: of Republicans are willing to help out the small businesses

494
00:27:09,680 --> 00:27:12,960
Speaker 1: that are the engine of the American economy. UM. We've

495
00:27:12,960 --> 00:27:15,480
Speaker 1: seen recently some of the social media posts from some

496
00:27:15,600 --> 00:27:18,479
Speaker 1: of the small businesses across the country that are being

497
00:27:18,600 --> 00:27:21,480
Speaker 1: ordered to shut down by their state and local governments UM,

498
00:27:21,640 --> 00:27:24,640
Speaker 1: while other businesses UM that are not in their lane

499
00:27:25,320 --> 00:27:27,760
Speaker 1: are permitted to open up the same types of services

500
00:27:27,840 --> 00:27:30,760
Speaker 1: with somebody else. There's that lady out in Sherman Oaks

501
00:27:30,800 --> 00:27:34,159
Speaker 1: who runs the Pineapple Bar and Grill, who just put

502
00:27:34,280 --> 00:27:37,520
Speaker 1: up an infuriating video about what was happening in just

503
00:27:37,680 --> 00:27:40,440
Speaker 1: the parking lot one parking lot. And I think Republicans

504
00:27:40,480 --> 00:27:41,920
Speaker 1: are willing to look at the data and if we

505
00:27:41,960 --> 00:27:43,760
Speaker 1: can make sure that we have an economy to come

506
00:27:43,800 --> 00:27:46,959
Speaker 1: back to and do the types of targeted relief relief

507
00:27:47,080 --> 00:27:50,239
Speaker 1: that's going to enable these small businesses to keep these

508
00:27:50,280 --> 00:27:53,159
Speaker 1: employees on their payroll while the vaccine is being distributed

509
00:27:53,440 --> 00:27:56,119
Speaker 1: and hopefully we can put this virus behind us UM.

510
00:27:56,240 --> 00:27:58,080
Speaker 1: I do think that that's a conversation they're going to

511
00:27:58,119 --> 00:28:00,560
Speaker 1: be willing to have UM for people who are looking

512
00:28:00,640 --> 00:28:06,119
Speaker 1: for bailouts from states and in counties and municipalities UM

513
00:28:06,240 --> 00:28:10,400
Speaker 1: that really put themselves into financial straits pre pandemic UM

514
00:28:10,600 --> 00:28:12,119
Speaker 1: and are trying to get a bail out on this,

515
00:28:12,480 --> 00:28:15,160
Speaker 1: I think you're going to get a less friendly reception

516
00:28:15,280 --> 00:28:17,880
Speaker 1: from the Republicans because they're going to take the position

517
00:28:18,200 --> 00:28:20,080
Speaker 1: that some of the reforms need to be made at

518
00:28:20,080 --> 00:28:22,240
Speaker 1: the state and local level in order to get those

519
00:28:22,240 --> 00:28:24,960
Speaker 1: fiscal houses in order. Before you can even begin to

520
00:28:25,000 --> 00:28:27,480
Speaker 1: talk about any sort of federal aid to those jurisdictions.

521
00:28:27,840 --> 00:28:29,960
Speaker 1: So I think it's data specific, but it needs to

522
00:28:30,000 --> 00:28:32,920
Speaker 1: be driven by the data. Now I get exact precisely.

523
00:28:32,920 --> 00:28:34,520
Speaker 1: And wouldn't we all be better off for it if

524
00:28:34,560 --> 00:28:37,240
Speaker 1: that data was really driving so much of this? But

525
00:28:37,560 --> 00:28:41,160
Speaker 1: you level with me, Joe, just between us, Just between us, Joe, Okay,

526
00:28:41,880 --> 00:28:44,960
Speaker 1: I mean Speaker Pelosi was pushing for like three to

527
00:28:45,080 --> 00:28:50,000
Speaker 1: four trillion dollars. She only got nine billion. Uh, you know,

528
00:28:50,080 --> 00:28:52,840
Speaker 1: how does she navigate this? I mean, Leader McConnell just

529
00:28:52,880 --> 00:28:56,160
Speaker 1: got elected to six more years in office, the occupant

530
00:28:56,280 --> 00:28:59,480
Speaker 1: of the speakership typically you know, it's it's you know,

531
00:28:59,600 --> 00:29:02,080
Speaker 1: it's it's it's I don't know. I mean, level with me, Joe,

532
00:29:02,120 --> 00:29:05,360
Speaker 1: where does play the long game? Not beyond President elect

533
00:29:05,400 --> 00:29:08,800
Speaker 1: Biden's first one days in office? Well, I think you

534
00:29:08,880 --> 00:29:11,120
Speaker 1: also to look at what's gonna happen on January five

535
00:29:11,320 --> 00:29:14,480
Speaker 1: and Georgia. I think that's also in play. But putting

536
00:29:14,520 --> 00:29:16,480
Speaker 1: that aside for a moment, you're gonna have a president

537
00:29:16,560 --> 00:29:20,200
Speaker 1: in place on January, a new person in the bullet pulp,

538
00:29:20,240 --> 00:29:22,520
Speaker 1: and right now it's absent. The president is not acting

539
00:29:22,560 --> 00:29:25,480
Speaker 1: presidential if he ever did, but it's certainly not happening now.

540
00:29:26,120 --> 00:29:29,040
Speaker 1: And um, you know, threatening to veto the d A

541
00:29:29,200 --> 00:29:33,280
Speaker 1: A uh and really being acting more and more childlike.

542
00:29:33,720 --> 00:29:36,440
Speaker 1: But you're gonna have a new person the bullet pub become.

543
00:29:37,120 --> 00:29:38,960
Speaker 1: And I think that's gonna matter as well, what the

544
00:29:39,000 --> 00:29:41,160
Speaker 1: American people are gonna be hearing. Uh, and and the

545
00:29:41,240 --> 00:29:44,120
Speaker 1: leadership that Joe Biden is gonna demonstrate, I believe. So.

546
00:29:44,320 --> 00:29:46,640
Speaker 1: I look, there are a lot of shortcoming, but there

547
00:29:46,680 --> 00:29:48,480
Speaker 1: are also a lot of good things in this. The

548
00:29:48,560 --> 00:29:51,480
Speaker 1: extension of unemployment until middle of March. Um, you know,

549
00:29:51,560 --> 00:29:55,800
Speaker 1: the help to small businesses to help expand broadband. Um,

550
00:29:55,920 --> 00:29:57,880
Speaker 1: you know that there's there are a lot of the

551
00:29:57,920 --> 00:30:01,880
Speaker 1: moratorium on. Do you hear that joke? Ally, do you

552
00:30:01,960 --> 00:30:05,160
Speaker 1: hear that? Joe? It's Christmas baby, It's Christmas baby. This

553
00:30:05,360 --> 00:30:07,840
Speaker 1: is for you. This is for Joe Crowley, this is

554
00:30:08,160 --> 00:30:12,320
Speaker 1: this is what I grew up with. The Bruce Springsteen. Uh,

555
00:30:12,600 --> 00:30:15,000
Speaker 1: Santa Claus is coming to town, Joe. I I picked

556
00:30:15,080 --> 00:30:18,320
Speaker 1: this for you. Much more coming up next Joe Crowley

557
00:30:18,320 --> 00:30:20,800
Speaker 1: and Bill McGinley. I'm Kevin. You're listening to Bruce Springsteen

558
00:30:20,800 --> 00:30:32,280
Speaker 1: and Kevin's really on Bloomberg Fry you better not. I'm

559
00:30:32,400 --> 00:30:38,840
Speaker 1: telling you what say Claus is command. I'm Kevin Curreli,

560
00:30:39,680 --> 00:30:43,040
Speaker 1: Chief Washington correspondent for Bloomberg Television and from Bloomberg Radio

561
00:30:43,120 --> 00:30:45,960
Speaker 1: Back with Bill McGinley and Joe Crawley. Joe we got

562
00:30:46,080 --> 00:30:47,320
Speaker 1: It's like, can we just talked Bruce for like a

563
00:30:47,360 --> 00:30:49,360
Speaker 1: couple of minutes before we get back into the policy

564
00:30:49,440 --> 00:30:52,680
Speaker 1: wonks of Washington. Tell me your memory of that song?

565
00:30:52,960 --> 00:30:55,400
Speaker 1: Every every Bruce Springsteen fan knows has a memory of

566
00:30:55,480 --> 00:31:00,160
Speaker 1: that song. Yeah, I first heard it um on uh

567
00:31:00,800 --> 00:31:08,160
Speaker 1: Thanksgiving Square, God Live what I've never heard of? He

568
00:31:08,280 --> 00:31:10,080
Speaker 1: tells a great you always always opened up in a

569
00:31:10,160 --> 00:31:13,520
Speaker 1: great story about you know, getting that guitar, and you

570
00:31:13,600 --> 00:31:18,440
Speaker 1: know it's just you know, uh, just magical moments. I

571
00:31:18,520 --> 00:31:21,520
Speaker 1: think one of the things on Springsteen his concerts, you know,

572
00:31:21,680 --> 00:31:23,800
Speaker 1: it was a discussion as much as in playing his music.

573
00:31:23,840 --> 00:31:25,640
Speaker 1: He was actually talking to the audience quite a bit

574
00:31:25,680 --> 00:31:28,640
Speaker 1: as well in those four hour concerts. So that was

575
00:31:28,680 --> 00:31:32,200
Speaker 1: probably for you were born, Kevin. So, uh, you know,

576
00:31:32,240 --> 00:31:34,800
Speaker 1: I'm getting older. Bill mckin lahm in my thirties now,

577
00:31:35,640 --> 00:31:38,400
Speaker 1: I do say so I've got don't make me start,

578
00:31:38,560 --> 00:31:42,400
Speaker 1: Christine Verratta, and I can our executive producers like, don't

579
00:31:42,440 --> 00:31:45,040
Speaker 1: go for that story where Craig said you had a

580
00:31:45,080 --> 00:31:47,400
Speaker 1: gray hair. Please don't say Kevi, Please don't say it.

581
00:31:47,520 --> 00:31:50,240
Speaker 1: We're gonna move on, Bill, But I will say that

582
00:31:50,400 --> 00:31:53,480
Speaker 1: that is the best she just put in the chat exactly.

583
00:31:53,600 --> 00:31:59,240
Speaker 1: Keep it moving. The b side that Santa Claus is

584
00:31:59,280 --> 00:32:01,240
Speaker 1: coming to town is the B side on one of

585
00:32:01,320 --> 00:32:04,080
Speaker 1: my favorite of all time Bruce songs, which is called

586
00:32:04,120 --> 00:32:08,640
Speaker 1: my Hometown. Uh. And so he released this as just

587
00:32:08,800 --> 00:32:12,720
Speaker 1: so good. Uh okay and and uh, Bill, I want

588
00:32:12,760 --> 00:32:15,840
Speaker 1: to move this forward into we were talking about the stimulus.

589
00:32:16,400 --> 00:32:18,840
Speaker 1: I want to move this forward into uh, just a

590
00:32:18,920 --> 00:32:21,280
Speaker 1: little bit more about what we heard from Dr Anthony Faucci.

591
00:32:21,440 --> 00:32:23,920
Speaker 1: And one of our producers on sound on was able

592
00:32:23,960 --> 00:32:26,880
Speaker 1: to get Dr Faucci to speak today to my colleague

593
00:32:26,960 --> 00:32:29,840
Speaker 1: David Weston, but we we were unable to get that sound.

594
00:32:29,920 --> 00:32:33,080
Speaker 1: But we do have sound on from Dr Fauci speaking

595
00:32:33,280 --> 00:32:37,600
Speaker 1: earlier today just because he was vaccinated, and he was

596
00:32:37,680 --> 00:32:41,280
Speaker 1: on Good Morning America just before getting vaccinated earlier today

597
00:32:41,440 --> 00:32:43,520
Speaker 1: and he was asked about all of this anxiety that

598
00:32:43,560 --> 00:32:45,840
Speaker 1: people have about this new variant I want to play

599
00:32:45,920 --> 00:32:48,719
Speaker 1: for you. It's Dr Anthony Fauci told Morning America here

600
00:32:48,880 --> 00:32:52,760
Speaker 1: is please do what I suggested for Thanksgiving. We don't

601
00:32:52,760 --> 00:32:56,440
Speaker 1: want to cancel Christmas, but you have to tone down plans,

602
00:32:56,880 --> 00:33:01,000
Speaker 1: try to minimize travel, and try to avoid law congregations

603
00:33:01,080 --> 00:33:06,680
Speaker 1: of people indoors, you know, the dinners that have people. Uh.

604
00:33:07,000 --> 00:33:09,440
Speaker 1: Falcy's on Bloomberg tomorrow. I apologize, but he was on

605
00:33:09,480 --> 00:33:13,160
Speaker 1: Good Morning America earlier today. Uh, you know, Bill, I

606
00:33:13,360 --> 00:33:17,600
Speaker 1: hear that. And there there is so many different people

607
00:33:17,760 --> 00:33:20,760
Speaker 1: right now who are sick and tired of having to

608
00:33:20,800 --> 00:33:23,000
Speaker 1: stay indoors. There, sick and tired. In Washington, d C.

609
00:33:23,200 --> 00:33:27,280
Speaker 1: There's Mayor Bowser shutting down the restaurants again for three

610
00:33:27,360 --> 00:33:31,280
Speaker 1: more weeks, you know, starting tomorrow. But we're almost there, right,

611
00:33:31,360 --> 00:33:34,440
Speaker 1: I mean, speak to what you're hearing amongst Republicans about

612
00:33:34,520 --> 00:33:37,000
Speaker 1: how it is important to to really follow these rules,

613
00:33:37,040 --> 00:33:39,680
Speaker 1: be smart, be focused, be diligent, get through this thing.

614
00:33:39,760 --> 00:33:41,840
Speaker 1: On the other side with just a few more months.

615
00:33:43,080 --> 00:33:45,040
Speaker 1: Look what we're hearing on the Republican side. It's a

616
00:33:45,080 --> 00:33:47,520
Speaker 1: lot of people are focused on the data that, for example,

617
00:33:47,640 --> 00:33:50,760
Speaker 1: is coming out of New York that talks about where

618
00:33:50,800 --> 00:33:53,280
Speaker 1: and how the virus is actually spreading, and that small

619
00:33:53,320 --> 00:33:57,040
Speaker 1: businesses and restaurants account for less than two percent of

620
00:33:57,120 --> 00:34:00,200
Speaker 1: all the infections. UM. That when you tell these small

621
00:34:00,240 --> 00:34:03,080
Speaker 1: business owners, including the restaurants, that at their own expense,

622
00:34:03,120 --> 00:34:06,000
Speaker 1: are setting up these outdoor dining areas, uh so that

623
00:34:06,120 --> 00:34:08,520
Speaker 1: they can go ahead and continue operations and keep their

624
00:34:08,880 --> 00:34:12,960
Speaker 1: employees um employed. UM. By the way, some of the

625
00:34:13,080 --> 00:34:15,440
Speaker 1: employees who are the most vulnerable in society, that live

626
00:34:15,480 --> 00:34:18,799
Speaker 1: paycheck to paycheck, UM, that are supporting families. And then

627
00:34:18,880 --> 00:34:22,360
Speaker 1: you read the stories about these elected officials, um just

628
00:34:22,520 --> 00:34:24,880
Speaker 1: not complying with their own rules and going and dining

629
00:34:24,960 --> 00:34:28,239
Speaker 1: in store at some of these incredibly expensive restaurants and

630
00:34:28,360 --> 00:34:31,520
Speaker 1: doing other things. UM. I think that the Dr Burke's

631
00:34:31,600 --> 00:34:34,160
Speaker 1: just got caught up in this as well, a member

632
00:34:34,200 --> 00:34:36,560
Speaker 1: of the President's task Force. And so I think on

633
00:34:36,640 --> 00:34:39,880
Speaker 1: a bipartisan, nonpartisan basis, a lot of these elected officials

634
00:34:39,960 --> 00:34:42,200
Speaker 1: that are handing down these edicts that are telling us

635
00:34:42,280 --> 00:34:45,880
Speaker 1: we have to stop traveling, that we have to reduce

636
00:34:45,960 --> 00:34:48,320
Speaker 1: the size of the indoor gatherings, um, that we have

637
00:34:48,440 --> 00:34:51,279
Speaker 1: to limit our Christmas activities, and then get caught doing

638
00:34:51,440 --> 00:34:54,040
Speaker 1: exactly what they told us not to do. I think

639
00:34:54,080 --> 00:34:56,239
Speaker 1: it goes to the credibility. And that's why people are

640
00:34:56,280 --> 00:34:59,680
Speaker 1: looking at some of these orders very skeptically UM and

641
00:35:00,000 --> 00:35:01,920
Speaker 1: find a way whether or not they should go ahead

642
00:35:01,920 --> 00:35:05,319
Speaker 1: and continue with some of their plans. I personally, as

643
00:35:05,360 --> 00:35:07,400
Speaker 1: a person who's at risk, I think that people should

644
00:35:07,880 --> 00:35:11,680
Speaker 1: um need their warnings and people should assess their own

645
00:35:11,800 --> 00:35:15,640
Speaker 1: risk before they make these plans. And so but these

646
00:35:15,680 --> 00:35:18,000
Speaker 1: the elected officials who violate their own rules, are not

647
00:35:18,080 --> 00:35:20,400
Speaker 1: doing themselves any favor or the people that they governed.

648
00:35:20,640 --> 00:35:22,600
Speaker 1: We got to keep this part quick because I want

649
00:35:22,640 --> 00:35:23,960
Speaker 1: to make sure I get to both of you. We

650
00:35:24,360 --> 00:35:26,480
Speaker 1: we're gonna do are my favorite part of the program,

651
00:35:26,520 --> 00:35:29,560
Speaker 1: which we're now calling What's Next. Sound on what's next?

652
00:35:29,880 --> 00:35:31,840
Speaker 1: Tell me something that you're gonna be keeping your eye on.

653
00:35:32,040 --> 00:35:35,399
Speaker 1: Joe Crowley on what's coming up next in the next

654
00:35:35,440 --> 00:35:39,280
Speaker 1: week or two. Well, who's gonna be Secretary of Commerce?

655
00:35:40,000 --> 00:35:42,640
Speaker 1: Will there be a Republican? Will they be a Republican

656
00:35:42,719 --> 00:35:45,719
Speaker 1: in the in the White House, in the cabinet? All right,

657
00:35:45,760 --> 00:35:48,920
Speaker 1: who do you think it's gonna be? It's a good question,

658
00:35:49,120 --> 00:35:53,320
Speaker 1: But I I do think you know, you know, prosident

659
00:35:53,360 --> 00:35:55,080
Speaker 1: like Biden that's setting with the heal the wounds. And

660
00:35:55,400 --> 00:35:57,360
Speaker 1: I think a lot of people interpreted that they'll be

661
00:35:57,440 --> 00:35:59,399
Speaker 1: more by partisanship in terms of the government. So we'll

662
00:35:59,400 --> 00:36:01,759
Speaker 1: see there's a number of people out there. It could

663
00:36:01,800 --> 00:36:04,520
Speaker 1: be uh um, you know, a public government cases. She

664
00:36:04,600 --> 00:36:06,520
Speaker 1: could be uh you know, there are a few folks

665
00:36:06,560 --> 00:36:08,920
Speaker 1: out there. I think you could tap but uh um,

666
00:36:09,120 --> 00:36:12,040
Speaker 1: you know, for the first time myself who liked by policianship.

667
00:36:12,080 --> 00:36:15,360
Speaker 1: I think that would be an interesting um development that happens,

668
00:36:15,360 --> 00:36:17,759
Speaker 1: you know. I think it would set an interesting precedent too.

669
00:36:17,960 --> 00:36:21,400
Speaker 1: I think so often times we hear about a bipartisan cabinet.

670
00:36:21,480 --> 00:36:24,359
Speaker 1: It would be definitely interesting to see if he does

671
00:36:24,480 --> 00:36:28,239
Speaker 1: ultimately pick a Republican. U will be keeping a close

672
00:36:28,320 --> 00:36:31,080
Speaker 1: tabs on that. I what I hear Joe is and

673
00:36:31,160 --> 00:36:33,720
Speaker 1: I said this yesterday, but I'll say it again today.

674
00:36:34,000 --> 00:36:36,239
Speaker 1: I was having some conversations earlier this week. I think

675
00:36:36,239 --> 00:36:39,360
Speaker 1: it would be if it is a non Democrat. I

676
00:36:39,400 --> 00:36:41,120
Speaker 1: think it would be a non Democrat. I don't think

677
00:36:41,160 --> 00:36:44,480
Speaker 1: it would be someone with a history of Republican circles.

678
00:36:44,520 --> 00:36:47,160
Speaker 1: I think, uh, someone who's more a political from the

679
00:36:47,239 --> 00:36:50,440
Speaker 1: business community and not necessarily big business I think that

680
00:36:50,560 --> 00:36:54,279
Speaker 1: would have an easier path sword getting confirmation, and we

681
00:36:54,360 --> 00:36:57,640
Speaker 1: might have to wait to see what happens in Georgia, UH,

682
00:36:57,800 --> 00:37:02,520
Speaker 1: to see where the math lies. Bill McGinley, what's what's next? Well,

683
00:37:02,560 --> 00:37:04,480
Speaker 1: you know me, I love the kitchen table issues. And

684
00:37:04,560 --> 00:37:07,319
Speaker 1: that's going to be education for the kids. UM. As

685
00:37:07,360 --> 00:37:09,520
Speaker 1: we head into the holidays, the holiday breaks for a

686
00:37:09,600 --> 00:37:13,640
Speaker 1: lot of the schools, UM, the tension between the teachers, administration,

687
00:37:13,719 --> 00:37:16,120
Speaker 1: parents and students about whether they're going to be able

688
00:37:16,160 --> 00:37:18,800
Speaker 1: to return to school either in a hybrid or or

689
00:37:19,239 --> 00:37:23,440
Speaker 1: in person model. UM. But also early admissions UH for

690
00:37:23,680 --> 00:37:26,759
Speaker 1: colleges are starting to hit the house homes now UM.

691
00:37:26,920 --> 00:37:28,640
Speaker 1: And so one of the things that's going to come

692
00:37:28,680 --> 00:37:30,360
Speaker 1: to the four I think next year is going to

693
00:37:30,400 --> 00:37:33,080
Speaker 1: be the high cost of college for a lot of

694
00:37:33,160 --> 00:37:35,800
Speaker 1: these families, UM, and whether they're getting the bank or

695
00:37:35,840 --> 00:37:37,719
Speaker 1: the box, especially if these kids are going to be

696
00:37:37,800 --> 00:37:42,640
Speaker 1: doing it virtually. Fascinating exactly exactly, And that's a conversation

697
00:37:42,840 --> 00:37:46,239
Speaker 1: many many families are having all across the United States.

698
00:37:46,280 --> 00:37:49,320
Speaker 1: Here's the next for me. President Elect Joe Biden speaking

699
00:37:49,360 --> 00:37:54,080
Speaker 1: about UH the Trump Administration's approach to cyber security. He

700
00:37:54,200 --> 00:37:56,879
Speaker 1: has gone after the President for a quote unquote lack

701
00:37:57,040 --> 00:38:02,400
Speaker 1: of cybersecurity response signally politics aside. There could be a

702
00:38:02,480 --> 00:38:06,360
Speaker 1: response coming up in the first one days. Thank you

703
00:38:06,480 --> 00:38:08,920
Speaker 1: to Joe. Thank you to Bill uh We hendled down

704
00:38:08,960 --> 00:38:11,480
Speaker 1: to Georgia. Coming up next with Congressman Jodey Hyis. I'm

705
00:38:11,520 --> 00:38:16,800
Speaker 1: Kevin SURRELI. You're listening Bloomberg and Nighty on one little

706
00:38:17,480 --> 00:38:43,440
Speaker 1: little I'm Kevin Sireli, Chief Washington correspondent for Bloomberg Television

707
00:38:43,640 --> 00:38:47,360
Speaker 1: and for Bloomberg Radio. You know, folks. Earlier this morning,

708
00:38:47,560 --> 00:38:51,719
Speaker 1: I was speaking with my colleague mentor here at Bloomberg,

709
00:38:52,080 --> 00:38:55,640
Speaker 1: Tom Keene, on Bloomberg Surveillance, and we were going back

710
00:38:55,680 --> 00:38:59,600
Speaker 1: and forth a little bit off air, just about the

711
00:38:59,719 --> 00:39:02,480
Speaker 1: five utter inside of the nation's capital, the Beltway press,

712
00:39:02,680 --> 00:39:05,160
Speaker 1: you know, the hill rags and whatnot, and what everyone's

713
00:39:05,160 --> 00:39:09,120
Speaker 1: focused on, and and so much speculation right now on

714
00:39:09,280 --> 00:39:11,960
Speaker 1: the left on the right about the palace intrigue. Right,

715
00:39:12,040 --> 00:39:13,840
Speaker 1: That's how we had when I was a cub reporter.

716
00:39:13,920 --> 00:39:16,000
Speaker 1: That's how they would describe with the palace intrigue stories,

717
00:39:16,040 --> 00:39:18,640
Speaker 1: you know, the anonymous sources. And I said, so, you know,

718
00:39:18,920 --> 00:39:20,920
Speaker 1: let's cut to the chase. Let's go right to the source.

719
00:39:21,560 --> 00:39:23,879
Speaker 1: So we've got Congressman Jodi Heist on the line. We're

720
00:39:23,880 --> 00:39:25,799
Speaker 1: grateful to have him here. We're not going to get

721
00:39:25,840 --> 00:39:28,680
Speaker 1: into you know, We're gonna keep it to facts and policy.

722
00:39:28,760 --> 00:39:32,680
Speaker 1: He's a Republican representing Georgia's tenth congressional district. Congressman, I

723
00:39:32,719 --> 00:39:34,960
Speaker 1: got a bunch of questions for you on the runoff,

724
00:39:35,000 --> 00:39:37,600
Speaker 1: but I want to start with what was the mood

725
00:39:37,719 --> 00:39:40,640
Speaker 1: like in the room when you were at the White

726
00:39:40,680 --> 00:39:44,720
Speaker 1: House as you were yesterday meeting with President Trump. Because

727
00:39:44,760 --> 00:39:48,680
Speaker 1: there's been so much off the record on background reports

728
00:39:48,719 --> 00:39:52,160
Speaker 1: about the president's moods and private meetings. You were there,

729
00:39:52,320 --> 00:39:56,200
Speaker 1: you saw it firsthand. Give us the facts about where

730
00:39:56,440 --> 00:39:59,480
Speaker 1: the president's focus is at right now. You were there

731
00:39:59,520 --> 00:40:02,400
Speaker 1: in the room, Augustan, Yeah, we were there with the

732
00:40:02,640 --> 00:40:05,799
Speaker 1: president for uh, you know, close to three hours. In fact.

733
00:40:05,840 --> 00:40:09,239
Speaker 1: I saw the President, vice President and and others and listen.

734
00:40:09,320 --> 00:40:13,640
Speaker 1: The President's amazing individual. He always maintains a great sense

735
00:40:13,719 --> 00:40:16,640
Speaker 1: of humor. At the same time, he's a very focused individual.

736
00:40:17,280 --> 00:40:20,239
Speaker 1: And the purpose of our meeting was to talk specifically

737
00:40:20,320 --> 00:40:23,840
Speaker 1: about for me, what happened in Georgia and the elections

738
00:40:23,920 --> 00:40:27,040
Speaker 1: and the issues that are coming forth from there, and

739
00:40:27,600 --> 00:40:31,920
Speaker 1: so you know, the discussion was pretty well focused on

740
00:40:32,080 --> 00:40:35,520
Speaker 1: the election of November three and where do we go

741
00:40:35,640 --> 00:40:38,120
Speaker 1: from here? And I can tell you he has a

742
00:40:38,360 --> 00:40:42,759
Speaker 1: lot of fight in his belly. Uh. And and we

743
00:40:42,920 --> 00:40:45,680
Speaker 1: do too. I mean, we were joining with him to

744
00:40:45,760 --> 00:40:48,320
Speaker 1: say this battle is not over and we're gonna continue

745
00:40:48,360 --> 00:40:53,000
Speaker 1: it as far as we can. And but his spirits

746
00:40:53,040 --> 00:40:56,960
Speaker 1: were high, and he's he's just a remarkable individual. Congressman.

747
00:40:57,000 --> 00:41:01,480
Speaker 1: Does he believe that Joe Biden will be president January one?

748
00:41:02,840 --> 00:41:04,879
Speaker 1: He did not say that one way or the other.

749
00:41:05,040 --> 00:41:07,800
Speaker 1: That was not the topic of the discussion, so I

750
00:41:07,880 --> 00:41:12,280
Speaker 1: couldn't answer for him. Uh. You know, I think everyone

751
00:41:12,400 --> 00:41:16,800
Speaker 1: recognizes that there's an uphill battle hill before us, just

752
00:41:16,960 --> 00:41:21,799
Speaker 1: because of the media reports and all this sort of thing. Uh,

753
00:41:21,920 --> 00:41:23,719
Speaker 1: and the fact that we have so many courts that

754
00:41:23,800 --> 00:41:27,719
Speaker 1: are not even looking at evidence, which is baffling to me.

755
00:41:27,880 --> 00:41:30,200
Speaker 1: I mean, the job of the judicial branches to look

756
00:41:30,239 --> 00:41:33,400
Speaker 1: at evidence and determine whether laws have been adhered to

757
00:41:33,640 --> 00:41:37,560
Speaker 1: or not. But you know, that is part of why

758
00:41:37,920 --> 00:41:41,160
Speaker 1: January six is coming up, and the the courts have

759
00:41:41,320 --> 00:41:43,359
Speaker 1: not heard the case, We have not had the day

760
00:41:43,400 --> 00:41:45,520
Speaker 1: in court, and so we are going to have a

761
00:41:45,640 --> 00:41:48,720
Speaker 1: day in Congress to take the facts and the evidence

762
00:41:48,760 --> 00:41:52,279
Speaker 1: to the American people. And that's what I, for one,

763
00:41:52,440 --> 00:41:56,120
Speaker 1: and others intend to do. Congressman Jodie heis is with us.

764
00:41:56,160 --> 00:41:59,440
Speaker 1: He's a Republican representing Georgia's tense congressional district. We appreciate

765
00:41:59,520 --> 00:42:01,360
Speaker 1: his time. And you want to follow up before we

766
00:42:01,440 --> 00:42:04,320
Speaker 1: talk about Georgia and the fiscal stimulus on something you

767
00:42:04,400 --> 00:42:07,400
Speaker 1: said regarding evidence, because I've got the transcript right in

768
00:42:07,440 --> 00:42:10,680
Speaker 1: front of me of Bill Barr, who was the Attorney General, uh,

769
00:42:10,800 --> 00:42:13,839
Speaker 1: when he spoke with the Associated Press. Obviously now he's

770
00:42:13,840 --> 00:42:16,239
Speaker 1: going to be I think today or tomorrow's his last day.

771
00:42:16,680 --> 00:42:19,839
Speaker 1: But he said, quote to date to the Associated Press,

772
00:42:19,880 --> 00:42:21,440
Speaker 1: this is what he said, to date, we have not

773
00:42:21,600 --> 00:42:24,640
Speaker 1: seen fraud on a scale that could have affected a

774
00:42:24,760 --> 00:42:29,120
Speaker 1: different outcome in the election. End quote. That's the that's

775
00:42:29,160 --> 00:42:32,640
Speaker 1: the Department of Justice, that's Bill BARRH. So I guess

776
00:42:33,200 --> 00:42:38,160
Speaker 1: you know where do you are you suggesting that that

777
00:42:38,560 --> 00:42:42,640
Speaker 1: that the Department of Justice doesn't have. Uh it is

778
00:42:42,880 --> 00:42:45,279
Speaker 1: misleading the public, I mean, because he's saying there's no

779
00:42:45,400 --> 00:42:48,640
Speaker 1: evidence of voter fraud that would impact the election. Right there,

780
00:42:48,880 --> 00:42:52,040
Speaker 1: send a majority Leader Mitch McConnell, uh Senator John Thune.

781
00:42:52,360 --> 00:42:56,759
Speaker 1: So I guess what's your response to that, that he's

782
00:42:56,800 --> 00:42:59,000
Speaker 1: just wrong. I mean, I've seen plenty of the evidence

783
00:42:59,080 --> 00:43:01,960
Speaker 1: right here in Georgia where we're fighting it. Here in Georgia,

784
00:43:02,040 --> 00:43:05,680
Speaker 1: we have all sorts of irregularities. There's tons of evidence

785
00:43:05,719 --> 00:43:08,440
Speaker 1: out there. It is true that courts have not, for

786
00:43:08,520 --> 00:43:11,080
Speaker 1: the most part, have not been willing to look at

787
00:43:11,120 --> 00:43:14,560
Speaker 1: the evidence. I think that's probably what Attorney General bar

788
00:43:14,760 --> 00:43:19,640
Speaker 1: is referring to, that there's no evidence in in terms

789
00:43:19,680 --> 00:43:22,480
Speaker 1: of what the courts have been willing to look at.

790
00:43:22,640 --> 00:43:25,640
Speaker 1: But the evidence is there if the courts would be

791
00:43:25,719 --> 00:43:29,600
Speaker 1: willing to And I think that's what's really both frightening

792
00:43:29,719 --> 00:43:33,279
Speaker 1: and disappointing. That reality is if we lose free and

793
00:43:33,400 --> 00:43:36,800
Speaker 1: fair elections in this country, we ultimately will lose our republic.

794
00:43:37,440 --> 00:43:41,120
Speaker 1: If there are serious allegations out there, the courts have

795
00:43:41,280 --> 00:43:45,720
Speaker 1: every duty to look into those allegations and determine whether

796
00:43:46,080 --> 00:43:49,120
Speaker 1: we have had indeed fair and honest elections or not.

797
00:43:49,960 --> 00:43:51,839
Speaker 1: And the fact that the courts have not looked at

798
00:43:52,520 --> 00:43:55,920
Speaker 1: the allegations. All right, let's just leave the word evidence alone.

799
00:43:56,440 --> 00:44:00,239
Speaker 1: But the allegations are serious enough. I believe the evidence there.

800
00:44:00,280 --> 00:44:02,840
Speaker 1: But the allegations are serious enough. The courts need to

801
00:44:02,880 --> 00:44:05,400
Speaker 1: look into this. But I believe that's what more was

802
00:44:05,480 --> 00:44:10,200
Speaker 1: referring to. Alright, so you've got this open discussion. I mean,

803
00:44:10,360 --> 00:44:13,200
Speaker 1: the polls suggests that the president's base are very much

804
00:44:13,239 --> 00:44:16,400
Speaker 1: agree with you, And and uh, where do you how

805
00:44:16,480 --> 00:44:22,000
Speaker 1: do you think this political issue will play out in

806
00:44:22,080 --> 00:44:25,560
Speaker 1: a Biden Congress? So to speak? I mean, do you

807
00:44:25,719 --> 00:44:29,520
Speaker 1: think that the compromise that we saw with regards to

808
00:44:29,560 --> 00:44:32,520
Speaker 1: stimulus this week is something that is just a one

809
00:44:32,600 --> 00:44:36,200
Speaker 1: off or a sign of things to come, because and

810
00:44:36,360 --> 00:44:39,160
Speaker 1: interviewing you and talking with several of your Republican colleagues,

811
00:44:39,719 --> 00:44:41,640
Speaker 1: a lot of these Republicans are looking at the twenty

812
00:44:41,680 --> 00:44:47,359
Speaker 1: seven trillion dollar debt and they're nervous about more government spending. Congressman, Yeah,

813
00:44:47,400 --> 00:44:49,600
Speaker 1: I mean, now it's thirty trillion. I mean, with the

814
00:44:49,640 --> 00:44:53,160
Speaker 1: approval of another one two point three, two point four whatever.

815
00:44:53,239 --> 00:44:56,400
Speaker 1: This is, by the way, fifty hundred pages that we

816
00:44:56,480 --> 00:44:59,560
Speaker 1: didn't even have time to look at or read, let alone,

817
00:44:59,760 --> 00:45:03,880
Speaker 1: and allies. Uh, no debates on the floor, no amendments allowed.

818
00:45:03,960 --> 00:45:06,880
Speaker 1: We're just expected to come in and vote blindly on

819
00:45:07,680 --> 00:45:11,120
Speaker 1: over two trillion dollars of taxpayer moneys. That's no way

820
00:45:11,160 --> 00:45:14,040
Speaker 1: to run a government. But that's what we have here

821
00:45:14,160 --> 00:45:16,840
Speaker 1: under the leadership of Pelosi, and I think we'll probably

822
00:45:16,920 --> 00:45:20,960
Speaker 1: see more of that if Biden indeed is the president,

823
00:45:21,560 --> 00:45:24,160
Speaker 1: and I think we're in for some tough times. You

824
00:45:24,280 --> 00:45:27,960
Speaker 1: just cannot continue to spend like this. And look, both

825
00:45:28,000 --> 00:45:31,120
Speaker 1: sides of the Aisle are responsible. There's an addiction to

826
00:45:31,200 --> 00:45:35,320
Speaker 1: spending in both the Republican and Democratic parties. We've seen that,

827
00:45:35,520 --> 00:45:38,160
Speaker 1: but we are we are in the process of bankrupting

828
00:45:38,200 --> 00:45:42,000
Speaker 1: our country. We cannot continue going down this path. And

829
00:45:42,760 --> 00:45:46,360
Speaker 1: I hope that there will be resistance from both sides

830
00:45:46,400 --> 00:45:50,239
Speaker 1: of the aisle to stop the continued pathway that we're

831
00:45:50,239 --> 00:45:54,560
Speaker 1: currently on of spending money. We simply do not have Congress.

832
00:45:54,760 --> 00:45:57,440
Speaker 1: What's gonna happen in Georgia, to be honest, just between us,

833
00:45:57,480 --> 00:46:01,319
Speaker 1: what's gonna happen in Georgia on January sy I, uh,

834
00:46:02,280 --> 00:46:03,880
Speaker 1: you know, there's a couple of things. The end of

835
00:46:03,880 --> 00:46:06,000
Speaker 1: the day. Just to answer your question quickly, I believe

836
00:46:06,080 --> 00:46:09,240
Speaker 1: both Republican candidates are going to win. Things are trending

837
00:46:09,320 --> 00:46:13,160
Speaker 1: well for them. The polls are favorable for them, you know, obviously,

838
00:46:13,280 --> 00:46:16,319
Speaker 1: the frightful thing, the dangerous thing, the big question mark

839
00:46:16,560 --> 00:46:18,360
Speaker 1: is are we going to see the same type of

840
00:46:18,440 --> 00:46:22,840
Speaker 1: disaster in January as we saw in no November in

841
00:46:23,040 --> 00:46:26,920
Speaker 1: terms of the wide open doors for multiple avenues of

842
00:46:26,960 --> 00:46:29,600
Speaker 1: for all to take place. That is the number one

843
00:46:29,760 --> 00:46:32,400
Speaker 1: question that I get from people. And I've been out

844
00:46:32,480 --> 00:46:35,319
Speaker 1: there stumping for the candidates, I've been with them, I've

845
00:46:35,360 --> 00:46:38,440
Speaker 1: spoken to hundreds and hundreds of people. That is the

846
00:46:38,560 --> 00:46:42,680
Speaker 1: number one question on people's mind. That aside, people also

847
00:46:42,800 --> 00:46:45,960
Speaker 1: understand that this is the most important senatorial election ever.

848
00:46:46,640 --> 00:46:48,640
Speaker 1: They are going to vote, They're getting out the vote,

849
00:46:48,680 --> 00:46:52,120
Speaker 1: We're encouraging them to do so. But in the back

850
00:46:52,200 --> 00:46:55,080
Speaker 1: of everyone's mind is the hope that the Secretary of

851
00:46:55,160 --> 00:46:58,120
Speaker 1: State is going to step up and make some basic

852
00:46:58,239 --> 00:47:02,359
Speaker 1: decisions to prevent what happened in November from happening again

853
00:47:02,440 --> 00:47:04,680
Speaker 1: in January. You know, Congress, someone I was talking to

854
00:47:04,800 --> 00:47:07,360
Speaker 1: tow Keen earlier today, you know, he alluded to George

855
00:47:07,400 --> 00:47:09,719
Speaker 1: Washington's Farewell Addressed, and I went back and read it

856
00:47:09,800 --> 00:47:12,160
Speaker 1: this morning when I got all fair. It's very short,

857
00:47:12,280 --> 00:47:14,239
Speaker 1: it's a anyone can read it and One of the

858
00:47:14,320 --> 00:47:18,600
Speaker 1: things that Washington warned against was the issue of political

859
00:47:18,680 --> 00:47:22,399
Speaker 1: parties going after each other so aggressively that people lose

860
00:47:22,480 --> 00:47:25,879
Speaker 1: confidence in the institutions that we hold dear in our Constitution.

861
00:47:26,320 --> 00:47:29,600
Speaker 1: And I raised this question because last cycle I interviewed

862
00:47:30,160 --> 00:47:36,120
Speaker 1: several Democrats who questioned the validity of this cycle. I'm

863
00:47:36,160 --> 00:47:38,919
Speaker 1: speaking to folks like you who are raising questions about

864
00:47:38,960 --> 00:47:42,160
Speaker 1: the legitimacy of free and fair elections. Uh. And and

865
00:47:42,440 --> 00:47:46,320
Speaker 1: in this cycle, are you concerned? I mean, why not

866
00:47:46,520 --> 00:47:49,000
Speaker 1: roll up your sleeves sleeves and work across the aisle

867
00:47:49,120 --> 00:47:52,480
Speaker 1: to to to create institutional change to address some of

868
00:47:52,520 --> 00:47:55,680
Speaker 1: your concerns on the elections. But are you concerned about

869
00:47:55,719 --> 00:48:00,480
Speaker 1: what this might be doing for Americans confidence and elections? Oh? Yeah,

870
00:48:00,480 --> 00:48:02,800
Speaker 1: there's no question. And you're right about Washington in this

871
00:48:02,920 --> 00:48:05,440
Speaker 1: Farewell address, he was not in favor of any parties

872
00:48:05,680 --> 00:48:08,839
Speaker 1: at all. He was fearful that we would end up

873
00:48:08,920 --> 00:48:11,440
Speaker 1: with people being more committed to parties than they are

874
00:48:11,520 --> 00:48:14,799
Speaker 1: to the best interests of our country. Uh. And he's

875
00:48:14,840 --> 00:48:17,800
Speaker 1: absolutely right. Now, is it possible for their not to

876
00:48:17,880 --> 00:48:21,680
Speaker 1: be parties? Probably not, because people are going to identify

877
00:48:21,800 --> 00:48:24,879
Speaker 1: with certain principles and values and so forth, and tend

878
00:48:24,960 --> 00:48:29,920
Speaker 1: to align themselves behind those principles. But his his fear

879
00:48:30,400 --> 00:48:34,640
Speaker 1: was absolutely correct, and we're seeing the outcome of party

880
00:48:34,719 --> 00:48:39,160
Speaker 1: commitment today. Uh. But yeah, there's going to be uh

881
00:48:39,440 --> 00:48:43,359
Speaker 1: corrections made. Of course, elections are determined by state legislatures,

882
00:48:43,440 --> 00:48:46,359
Speaker 1: not the federal government, and I'm confident that we're going

883
00:48:46,400 --> 00:48:49,960
Speaker 1: to see some changes across states, across this nation. We

884
00:48:50,040 --> 00:48:52,839
Speaker 1: have to leave it there. Congressman Jody Heights, Republican from

885
00:48:52,840 --> 00:48:55,400
Speaker 1: Georgie's Towns Congressional District. More coming up next time. Kevin's

886
00:48:55,440 --> 00:49:04,239
Speaker 1: really this is Limberg nine nine one um many roads,

887
00:49:04,480 --> 00:49:11,560
Speaker 1: master man, walk down before you call him. I'm Kevin

888
00:49:11,640 --> 00:49:16,960
Speaker 1: CURRELLI Chief Washington corresponded for Bloomberg Television and for Bloomberg Radio.

889
00:49:17,040 --> 00:49:19,400
Speaker 1: Wishing you and your family's a very safe, happy and

890
00:49:19,520 --> 00:49:23,440
Speaker 1: healthy holiday season this year. Diving into my Bloomberg terminal,

891
00:49:23,480 --> 00:49:27,239
Speaker 1: Alan Levin reports Americans are putting aside health risks and

892
00:49:27,440 --> 00:49:32,240
Speaker 1: flying and increasing numbers during the Christmas holiday season. Sunday

893
00:49:32,360 --> 00:49:34,520
Speaker 1: was the third day in a row. Get this, pay

894
00:49:34,520 --> 00:49:37,640
Speaker 1: attention here. Sunday was the third day in a row

895
00:49:38,239 --> 00:49:41,520
Speaker 1: in which more than a million people passed through the

896
00:49:41,680 --> 00:49:45,439
Speaker 1: US airport screening, the first time that has occurred since

897
00:49:45,480 --> 00:49:48,960
Speaker 1: the virus erupted in mid March. According to Transportation Security

898
00:49:49,400 --> 00:49:53,480
Speaker 1: Administration t s A data, airline travel during the COVID

899
00:49:53,640 --> 00:49:57,920
Speaker 1: nineteen pandemic remains well below two thousand and nineteen levels. However,

900
00:49:58,440 --> 00:50:01,040
Speaker 1: even with the recent surge that number of people flying

901
00:50:01,160 --> 00:50:04,800
Speaker 1: on Friday through Sunday, it was only of the equivalent

902
00:50:04,920 --> 00:50:08,400
Speaker 1: three days last year. So numbers are going up, but

903
00:50:08,520 --> 00:50:13,640
Speaker 1: they're still below average compared to last year. Joining me now,

904
00:50:14,200 --> 00:50:16,959
Speaker 1: Andy Post, who is a senior advisor for t s A. Andy,

905
00:50:17,040 --> 00:50:20,440
Speaker 1: welcome to the program sir. How are tell us how

906
00:50:20,480 --> 00:50:24,359
Speaker 1: many people are flying so far this holiday season? Well,

907
00:50:24,480 --> 00:50:28,040
Speaker 1: happy holidays to you, Kevin. Thank you, Andy, I appreciate it.

908
00:50:29,280 --> 00:50:35,480
Speaker 1: You're right. Um, we had three days and four basically

909
00:50:35,760 --> 00:50:39,400
Speaker 1: right around that one million per day mark. Yesterday we

910
00:50:39,520 --> 00:50:42,600
Speaker 1: were right below one million passengers that went through the

911
00:50:42,680 --> 00:50:46,520
Speaker 1: t s A checkpoints all over the country. So, um,

912
00:50:46,960 --> 00:50:49,960
Speaker 1: folks are out there traveling. It sounds like a big

913
00:50:50,120 --> 00:50:54,919
Speaker 1: number it is during during the pandemic, but we're still,

914
00:50:55,239 --> 00:50:58,400
Speaker 1: as Alan wrote, we're still below half of what we

915
00:50:58,480 --> 00:51:00,879
Speaker 1: were at this time last year. On the highest day,

916
00:51:02,440 --> 00:51:07,080
Speaker 1: the highest day ever actually was was in and we

917
00:51:07,200 --> 00:51:10,320
Speaker 1: had two point seven million people come through in a

918
00:51:10,440 --> 00:51:14,200
Speaker 1: single day passengers, So we're not even were still a

919
00:51:14,320 --> 00:51:16,800
Speaker 1: fraction of that, you know. And you know, I always

920
00:51:16,840 --> 00:51:20,560
Speaker 1: think of that famous scene from Home Alone, my all

921
00:51:20,640 --> 00:51:23,800
Speaker 1: time favorite Christmas movie Home Alone, where you know, Kevin's

922
00:51:23,840 --> 00:51:26,000
Speaker 1: mom is running down you know, they're running to make

923
00:51:26,080 --> 00:51:28,560
Speaker 1: the flight, and then keV wakes up Home Alone, back

924
00:51:28,640 --> 00:51:31,240
Speaker 1: in the back of that nice house in suburban Chicago,

925
00:51:31,760 --> 00:51:35,400
Speaker 1: and they forget them back home anyway, Uh andy post

926
00:51:35,520 --> 00:51:38,520
Speaker 1: you won't see you won't see O'Hare looking like it

927
00:51:38,640 --> 00:51:42,600
Speaker 1: did in the movie. Um, there there will be some airports.

928
00:51:42,680 --> 00:51:45,240
Speaker 1: That's interesting because there's some airports have seen a faster

929
00:51:45,400 --> 00:51:49,319
Speaker 1: recovery than others. So some of the airports in more

930
00:51:49,400 --> 00:51:54,040
Speaker 1: of the lockdown states and cities like New York and California,

931
00:51:54,080 --> 00:51:57,080
Speaker 1: they've seen a much slower rebuilding volume than some of

932
00:51:57,160 --> 00:52:02,480
Speaker 1: the southern states of Florida airports, Texas Airport, Arizona airports,

933
00:52:02,800 --> 00:52:05,520
Speaker 1: we've seen those numbers come back a lot faster since

934
00:52:05,600 --> 00:52:07,880
Speaker 1: the summer then we have other places. So that's been

935
00:52:07,960 --> 00:52:10,520
Speaker 1: quite interesting and and so we'll kind of see how

936
00:52:10,960 --> 00:52:14,279
Speaker 1: how people treat the holiday season. Um, but we want

937
00:52:14,320 --> 00:52:16,640
Speaker 1: people to be to be ready if if they do

938
00:52:16,800 --> 00:52:18,600
Speaker 1: decide to travel, we want them to sort of be

939
00:52:18,680 --> 00:52:21,480
Speaker 1: ready for what they're going to encounter. And that's where

940
00:52:21,480 --> 00:52:24,040
Speaker 1: I want to take this conversation. All right, So let's say,

941
00:52:24,640 --> 00:52:26,400
Speaker 1: you know, my dad would always tell me, you got

942
00:52:26,520 --> 00:52:28,920
Speaker 1: to you gotta plan for get lost time and and

943
00:52:29,280 --> 00:52:31,160
Speaker 1: you know, get there early. Well, you gotta plan for

944
00:52:31,280 --> 00:52:34,080
Speaker 1: COVID get lost time. So what should people be doing

945
00:52:34,120 --> 00:52:36,800
Speaker 1: if they are traveling and they are going to an airport.

946
00:52:37,280 --> 00:52:39,960
Speaker 1: What should they be doing and what should they expect?

947
00:52:39,960 --> 00:52:41,719
Speaker 1: Because for many people, this could be the first time

948
00:52:41,760 --> 00:52:44,080
Speaker 1: they're back at an airport since, you know, before the

949
00:52:44,160 --> 00:52:46,840
Speaker 1: pandemic began. And take it from me, I've traveled for

950
00:52:47,000 --> 00:52:50,400
Speaker 1: work during the debates. It's very different nowadays than it

951
00:52:50,600 --> 00:52:54,160
Speaker 1: was before the pandemic. So what should people andy post

952
00:52:54,239 --> 00:52:56,239
Speaker 1: with T s A, What should they be expecting and

953
00:52:56,280 --> 00:52:59,920
Speaker 1: how should they prepare? First of all, people should give

954
00:52:59,920 --> 00:53:03,200
Speaker 1: themselves plenty of time, but don't get to the airport

955
00:53:03,280 --> 00:53:06,319
Speaker 1: too early. Are weight times are averaging five minutes or less?

956
00:53:06,840 --> 00:53:09,319
Speaker 1: In pre check it's averaging even less than that, only

957
00:53:09,360 --> 00:53:11,520
Speaker 1: a minute or two on average. If you have pre

958
00:53:11,680 --> 00:53:14,040
Speaker 1: check of a weight time, so you don't need to

959
00:53:14,239 --> 00:53:18,200
Speaker 1: arrive necessarily too early, but you should give yourself enough time.

960
00:53:18,239 --> 00:53:21,279
Speaker 1: You should plan ahead before you arrive. You should try

961
00:53:21,320 --> 00:53:25,239
Speaker 1: to make as many touchless points as possible. Right, so

962
00:53:25,360 --> 00:53:27,440
Speaker 1: if you can check in on the app instead of

963
00:53:27,520 --> 00:53:29,799
Speaker 1: at the desk, that's a good thing for everybody. If

964
00:53:29,880 --> 00:53:34,319
Speaker 1: you can, uh, if you're not checking a bag, etcetera. UM,

965
00:53:34,760 --> 00:53:38,840
Speaker 1: but the COVID nineteen has affected the staffing and operations

966
00:53:39,160 --> 00:53:42,719
Speaker 1: at airports, so UM, in a lot of places, there's

967
00:53:42,760 --> 00:53:45,880
Speaker 1: not a lot of food options. Most of the carriers.

968
00:53:45,920 --> 00:53:48,000
Speaker 1: You can't get food on boards. If you're taking a

969
00:53:48,080 --> 00:53:51,960
Speaker 1: longer flight, I would definitely bring something to eat with you. UM.

970
00:53:52,560 --> 00:53:54,600
Speaker 1: The thing to keep in mind though, is when you

971
00:53:54,719 --> 00:53:58,320
Speaker 1: come through the checkpoint, you have to remove your food

972
00:53:58,440 --> 00:54:01,000
Speaker 1: from your carry on bag for screw meaning and if

973
00:54:01,040 --> 00:54:05,680
Speaker 1: you keep your food separate, UH, that will really lessen

974
00:54:05,760 --> 00:54:08,080
Speaker 1: the chance that we need to go through your whole bag.

975
00:54:08,640 --> 00:54:11,000
Speaker 1: So if you're bringing through fruit or something, just place

976
00:54:11,080 --> 00:54:13,840
Speaker 1: it in a separate, clear plastic bag and place that

977
00:54:13,960 --> 00:54:17,120
Speaker 1: bag in the bin instead of leaving it in your bag.

978
00:54:17,400 --> 00:54:20,640
Speaker 1: I got to, you know, deal with that alarm when

979
00:54:20,640 --> 00:54:22,360
Speaker 1: it comes to the scanner. I think I'm going to

980
00:54:22,440 --> 00:54:23,759
Speaker 1: call you up every time I have to go to

981
00:54:23,800 --> 00:54:27,000
Speaker 1: an airport. I was just thinking, Andy Post, Senior Advisor

982
00:54:27,080 --> 00:54:30,360
Speaker 1: with T. S A. Is probably all of his relatives

983
00:54:30,400 --> 00:54:32,799
Speaker 1: are probably calling him up and say and saying, what's

984
00:54:32,840 --> 00:54:35,400
Speaker 1: the way time? How do I avoid the lines? What

985
00:54:35,760 --> 00:54:38,080
Speaker 1: am I allowed to take? Can you take hand sanitizer

986
00:54:38,120 --> 00:54:40,960
Speaker 1: and your carry on That's what I asked you earlier today.

987
00:54:41,640 --> 00:54:44,160
Speaker 1: I said, this is what everybody wants to know. How

988
00:54:44,280 --> 00:54:46,960
Speaker 1: much hand sanitizer can you packet your carry on bag?

989
00:54:47,080 --> 00:54:49,839
Speaker 1: Andy Post with T. S A. Well, the good thing

990
00:54:49,920 --> 00:54:51,560
Speaker 1: is you don't have to take my word for it.

991
00:54:51,640 --> 00:54:56,680
Speaker 1: You can download our app here. We app and UH

992
00:54:58,120 --> 00:55:01,759
Speaker 1: seven access also are Deagram is fantastic. We have people

993
00:55:01,840 --> 00:55:04,799
Speaker 1: on our Instagram, live real people who will answer your

994
00:55:04,880 --> 00:55:07,400
Speaker 1: questions about what I can or cannot Bringers even a

995
00:55:07,480 --> 00:55:09,520
Speaker 1: section of the app called what can I bring? You

996
00:55:09,680 --> 00:55:16,040
Speaker 1: can bring? You can you can? You can even bring

997
00:55:16,200 --> 00:55:19,640
Speaker 1: in UH in expanded sizes. I think it's up to

998
00:55:19,760 --> 00:55:23,320
Speaker 1: like ten or twelve ounces. So the bigger, the bigger

999
00:55:23,400 --> 00:55:26,360
Speaker 1: hand sanitizers if you need them and you don't have

1000
00:55:26,520 --> 00:55:29,560
Speaker 1: the three point four ounce version. How they are they

1001
00:55:29,600 --> 00:55:32,480
Speaker 1: are allowed at least for now. Um, and you you

1002
00:55:32,600 --> 00:55:34,800
Speaker 1: definitely can bring those through. One one thing I have

1003
00:55:35,080 --> 00:55:38,160
Speaker 1: to say, because we have Christmas coming up and you

1004
00:55:38,200 --> 00:55:43,920
Speaker 1: know other holidays gift giving things, Uh, we really recommend

1005
00:55:44,280 --> 00:55:47,359
Speaker 1: that you wait until you arrive where you're going, arrive

1006
00:55:47,400 --> 00:55:49,880
Speaker 1: at your destination to wrap your gifts. We do not

1007
00:55:50,080 --> 00:55:52,600
Speaker 1: recommend that you bring your gifts wrapped when you're bringing

1008
00:55:52,640 --> 00:55:57,240
Speaker 1: them through T s A, especially in checked bags, because

1009
00:55:57,320 --> 00:55:59,200
Speaker 1: if we have to open them, we have to open them,

1010
00:55:59,239 --> 00:56:01,880
Speaker 1: that could cause the leg cause inconvenience, we don't want

1011
00:56:01,880 --> 00:56:04,919
Speaker 1: anyone being upset if you did that nice, nice bow

1012
00:56:05,160 --> 00:56:08,720
Speaker 1: and we have to undo the bow. I think listeners

1013
00:56:08,760 --> 00:56:12,440
Speaker 1: will not be surprised. Listeners will not be surprised to

1014
00:56:12,520 --> 00:56:15,520
Speaker 1: know that Kevin surreally not a rapper, not a rapper?

1015
00:56:16,080 --> 00:56:19,839
Speaker 1: Uh what did I wanna? Uh? What did I want

1016
00:56:19,840 --> 00:56:22,040
Speaker 1: to ask you? And you I had another question? Oh? Truthfully,

1017
00:56:22,120 --> 00:56:23,920
Speaker 1: I mean, what are what have you guys been doing

1018
00:56:24,000 --> 00:56:27,160
Speaker 1: to protects A workers because you know, and and to

1019
00:56:27,239 --> 00:56:29,600
Speaker 1: make sure that the lines, even though there are fewer lines,

1020
00:56:29,920 --> 00:56:33,719
Speaker 1: that everyone is remaining socially distant. Because with even a

1021
00:56:33,800 --> 00:56:36,160
Speaker 1: fraction which is of still a million people passing through

1022
00:56:36,440 --> 00:56:42,080
Speaker 1: airports this holiday season. Obviously that it enhances the exposure

1023
00:56:42,120 --> 00:56:45,160
Speaker 1: of the virus. So what steps have been taken, So

1024
00:56:45,280 --> 00:56:47,600
Speaker 1: we've been taking this pretty seriously all the way from

1025
00:56:47,680 --> 00:56:50,799
Speaker 1: back in the spring. Um there are more actually more

1026
00:56:50,960 --> 00:56:53,200
Speaker 1: t s A officers on duty so that they can

1027
00:56:53,280 --> 00:56:56,359
Speaker 1: open up more checkpoints and space out. That helps us

1028
00:56:56,480 --> 00:56:59,960
Speaker 1: limit the weight times. So um that we're also your

1029
00:57:00,000 --> 00:57:03,080
Speaker 1: going to see every every officer of T s A

1030
00:57:03,239 --> 00:57:06,080
Speaker 1: is going to have a mask, They're gonna be wearing gloves,

1031
00:57:06,200 --> 00:57:08,240
Speaker 1: a lot of them are gonna be wearing face shields,

1032
00:57:08,600 --> 00:57:10,800
Speaker 1: especially if they're doing a pat down or something like that.

1033
00:57:11,560 --> 00:57:15,520
Speaker 1: We have added and accelerated the technology that we add

1034
00:57:15,560 --> 00:57:18,880
Speaker 1: to the checkpoints and so some of those new they're

1035
00:57:18,920 --> 00:57:22,560
Speaker 1: called cat scanners. They're like an X ray, but the

1036
00:57:22,720 --> 00:57:25,600
Speaker 1: new advanced ones make it less likely that we need

1037
00:57:25,680 --> 00:57:28,240
Speaker 1: to do a pat down or open a bag, and

1038
00:57:28,400 --> 00:57:32,680
Speaker 1: so again reducing the touch points. Um, we're also you're

1039
00:57:32,680 --> 00:57:36,280
Speaker 1: going to see different signage. There's new acrylic barriers. So

1040
00:57:36,360 --> 00:57:38,960
Speaker 1: if you go to the part of the checkpoint where

1041
00:57:38,960 --> 00:57:40,880
Speaker 1: you hand your I D to the officer, a lot

1042
00:57:40,960 --> 00:57:44,720
Speaker 1: of those now there's special plastic shields that are up

1043
00:57:44,800 --> 00:57:49,480
Speaker 1: to kind of help contain people, so you see a

1044
00:57:49,520 --> 00:57:59,680
Speaker 1: lot of differences. Fantastic, fantastic. His name is Cash. And

1045
00:58:00,320 --> 00:58:02,160
Speaker 1: for all those flying with the dog, you know, bring

1046
00:58:02,240 --> 00:58:04,120
Speaker 1: it and leave an extra few minutes if you're flying

1047
00:58:04,200 --> 00:58:06,680
Speaker 1: with your dog as well. And the post from t S,

1048
00:58:06,720 --> 00:58:09,240
Speaker 1: a senior advisor with t S A thank you Andy

1049
00:58:09,880 --> 00:58:13,600
Speaker 1: for for truly some informative conversation about the people who

1050
00:58:13,640 --> 00:58:16,160
Speaker 1: are traveling. All right, that does it for me. I'm

1051
00:58:16,200 --> 00:58:19,080
Speaker 1: Kevin Cerelli, Chief Washington correspondent from Bloomberg TV and Radio.

1052
00:58:19,200 --> 00:58:21,440
Speaker 1: Travel Safe, be Safe. We'll be back tomorrow as well.

1053
00:58:21,720 --> 00:58:24,080
Speaker 1: I got a great lineup. Uh, and you're listening. We

1054
00:58:24,160 --> 00:58:27,280
Speaker 1: got Tammy Hatad's gonna check in tomorrow. Uh, you're listening

1055
00:58:27,280 --> 00:58:30,520
Speaker 1: to Bloomberg Une nine one. Yeah,