WEBVTT - President-Elect Joe Biden’s Economic Team 0:00:00.240 --> 0:00:03.240 This is Bloomberg Business Week. I'm Carol Masser. Every day 0:00:03.279 --> 0:00:05.200 we're bringing you the latest news from the world's of 0:00:05.200 --> 0:00:08.920 business and finance, plus technology, politics. So much going on 0:00:08.960 --> 0:00:12.160 in the world of politics, economics, and it's all harnessing 0:00:12.160 --> 0:00:14.840 the power of Business Week reporters and editors. If you 0:00:14.880 --> 0:00:18.280 can download Bloomberg Business Week on iTunes, SoundCloud, or Bloomberg 0:00:18.320 --> 0:00:20.480 dot com. If you can also listen to our radio 0:00:20.560 --> 0:00:23.439 show at two pm Eastern on Bloomberg Radio and be 0:00:23.440 --> 0:00:26.320 sure to watch us too on YouTube by searching Bloomberg 0:00:26.360 --> 0:00:28.960 Global News Bloomberg Business Week. I'm Carol Masser along with 0:00:29.000 --> 0:00:32.800 Tim Stanovic, and we covered some of today's virus headlines. 0:00:32.840 --> 0:00:35.200 You've heard it. We continue to see the drug big 0:00:35.200 --> 0:00:39.400 farm of companies going for regulatory clearance for their vaccines. UH. 0:00:39.520 --> 0:00:42.800 New York state statewide daily hospitalizations jumping the most since April. 0:00:43.320 --> 0:00:45.400 One system in the New York metro area that was 0:00:45.479 --> 0:00:47.960 on the front line last spring dealing with COVID is 0:00:47.960 --> 0:00:50.640 the Atlantic Health System. They've got seven hospitals in New Jersey. 0:00:50.760 --> 0:00:54.240 They've got about seventeen thousand team members. UH and UH 0:00:54.400 --> 0:00:56.640 they are really covering much of the state of New Jersey. 0:00:56.680 --> 0:00:59.160 So great to have back with us. Brian Granulotti, he's 0:00:59.160 --> 0:01:01.280 CEO of Atlanta Health System. He joined this on the 0:01:01.280 --> 0:01:03.760 phone for Morristown, New Jersey. Hey, Brian, good to have 0:01:03.880 --> 0:01:06.000 you here with Tim and myself. I think we talked 0:01:06.040 --> 0:01:07.640 with you at the end of April. It was not 0:01:07.760 --> 0:01:14.160 a good time. Where are we today in comparison, Well, 0:01:14.200 --> 0:01:17.800 thanks thanks for having us back. It's quite different for 0:01:17.880 --> 0:01:20.279 us than it than it was back in the spring, 0:01:20.319 --> 0:01:23.280 particularly the time that we spoke. UM. You know, we 0:01:23.280 --> 0:01:26.920 were up over nine hundred patients in our hospitals per 0:01:27.040 --> 0:01:33.280 day and uh today, UM, we're about the pace of 0:01:33.319 --> 0:01:37.680 increase has been a lot slower than we experienced in April. 0:01:38.240 --> 0:01:41.839 And we're also seeing fewer patients in our intensive carry 0:01:41.880 --> 0:01:45.360 unit and fewer patients on ventilators. And that's because of 0:01:45.400 --> 0:01:48.960 some of the great strides we've made in learning about 0:01:49.000 --> 0:01:52.720 this virus and how to take care of patients. UM. Differently, 0:01:53.080 --> 0:01:55.640 we've also set up a program called Hospital at Home 0:01:55.920 --> 0:01:58.200 and that really has allowed us to keep more people 0:01:58.680 --> 0:02:03.920 in their homes getting UH oxygen treatments and and other 0:02:03.960 --> 0:02:08.000 needed treatments. So all in all, the virus is back. 0:02:08.520 --> 0:02:13.040 Um uh it is really endemic in the community. But 0:02:13.120 --> 0:02:16.320 we're not seeing that crazy growth that we saw over 0:02:16.360 --> 0:02:18.480 a three to four week period in the spring. Brian, 0:02:18.520 --> 0:02:20.160 are you concerned at all that you will start to 0:02:20.200 --> 0:02:22.400 see that that crazy growth again as we see the 0:02:22.440 --> 0:02:25.360 cases rise around the country and then also the positivity 0:02:25.440 --> 0:02:27.040 rate at least in the New York City area above 0:02:27.120 --> 0:02:30.760 four percent and of the last seven days and rising. Yeah, 0:02:31.000 --> 0:02:33.840 you know, Um, it's interesting all of our modeling that 0:02:33.880 --> 0:02:37.920 we're doing UM does not show us hitting those levels again. 0:02:37.919 --> 0:02:41.280 Because you gotta remember, we were doubling the number of 0:02:41.639 --> 0:02:45.080 cases that we had in our hospitals every uh two 0:02:45.080 --> 0:02:48.200 to three days for about a three or four week period, 0:02:48.480 --> 0:02:53.800 and this has been a slower uptake UM, starting probably 0:02:53.840 --> 0:02:57.680 at the end of September beginning of October, and Um, 0:02:57.760 --> 0:02:59.960 you know, we're seeing things plateau a little bit, then 0:03:00.000 --> 0:03:02.799 go up a little bit. The big concern we have though, 0:03:02.880 --> 0:03:05.680 is what human behavior is going to be like UM, 0:03:05.800 --> 0:03:08.640 and so we are expecting to see a bump now 0:03:09.160 --> 0:03:13.800 and probably four or five days after the Thanksgiving holiday. Ryan, 0:03:13.840 --> 0:03:16.320 how are your team members right now? Carol mentioned that 0:03:16.360 --> 0:03:18.240 you have about seventeen thousand of them, and I know 0:03:18.280 --> 0:03:20.840 they've been working around the clock keeping us safe. How 0:03:20.880 --> 0:03:24.399 are they doing? You know this is this has been 0:03:24.440 --> 0:03:28.480 tough on all people who work in healthcare. UM. You know, 0:03:28.520 --> 0:03:30.760 I know there's a general fatigue in the country right 0:03:30.800 --> 0:03:34.200 now regarding this crisis. And we do have a light 0:03:34.280 --> 0:03:36.080 at the end of the tunnel with the vaccines, and 0:03:36.120 --> 0:03:38.800 we can talk about that. But our team members have 0:03:38.960 --> 0:03:41.000 been at this for a long time. And even when 0:03:41.000 --> 0:03:45.640 our gate account went down over the summer months, UM, 0:03:45.720 --> 0:03:48.960 we were still preparing for um. Uh I called it 0:03:49.000 --> 0:03:51.840 coexisting with COVID, but we were preparing for what we're 0:03:51.840 --> 0:03:55.920 seeing right now. So UM, while they're ready and UM, 0:03:55.960 --> 0:03:57.920 you know, we're taking great care of our patients and 0:03:57.920 --> 0:04:01.240 we're keeping our team members safe. UM. They are fatigued 0:04:01.320 --> 0:04:03.360 and like all of us would like to see, UH, 0:04:03.560 --> 0:04:06.280 life get back to a bit more normal than it 0:04:06.360 --> 0:04:09.320 is right now. It's interesting what you said about it. 0:04:09.720 --> 0:04:12.600 You know, it's been a slower uptake And why do 0:04:12.640 --> 0:04:15.040 you think that is? Is it because when the numbers 0:04:15.080 --> 0:04:17.440 do start to pick up, that we've all like kind 0:04:17.440 --> 0:04:19.479 of been there before understand what we need to do 0:04:19.560 --> 0:04:21.120 to kind of back off. So we all go back 0:04:21.160 --> 0:04:24.120 to social distancing wearing masking, you know, wearing masks. Is 0:04:24.160 --> 0:04:28.239 that why it's slower? Brian, Well, when we first saw 0:04:28.320 --> 0:04:31.080 this occurring, I used to say, follow the train lines 0:04:31.320 --> 0:04:34.520 because we have you know, organizations in northern New Jersey, 0:04:35.160 --> 0:04:37.600 um and uh, right off the train line. And when 0:04:37.640 --> 0:04:39.440 you did them mapping on that, you could see that 0:04:39.520 --> 0:04:43.919 high concentration and UM, so we're working from home, not 0:04:44.040 --> 0:04:48.560 having him as much transit is obviously a difference right now. 0:04:48.640 --> 0:04:51.520 So that's that's part of it. The other part of 0:04:51.560 --> 0:04:54.680 it is the measures that were taken by um, the 0:04:54.720 --> 0:04:56.760 state of New Jersey, state in New York. You know, 0:04:56.800 --> 0:04:58.720 I think our governor here in New Jersey has done 0:04:58.880 --> 0:05:03.039 a very responsible job of trying to balance the health 0:05:03.279 --> 0:05:07.359 of the citizen read the resources that we have available 0:05:07.400 --> 0:05:11.080 to care for them. Uh, and the economy and uh. 0:05:11.160 --> 0:05:13.200 You know, we're all doing our part to keep the 0:05:13.240 --> 0:05:15.520 economy open because we don't want to go back to 0:05:15.560 --> 0:05:19.200 that time where everything was shut down. The dilemma, though, 0:05:19.600 --> 0:05:22.920 strikes on your point about masking and other things like that, 0:05:23.000 --> 0:05:26.880 because it's it's your personal responsibility as a citizen to 0:05:26.960 --> 0:05:29.840 take these things seriously. And one of the reasons in 0:05:29.920 --> 0:05:33.520 New Jersey that we're seeing. Uh, you know, a better 0:05:33.560 --> 0:05:37.240 performance right now is because people are taking that seriously. 0:05:37.600 --> 0:05:41.480 But you can track back these these outbreaks to gatherings, 0:05:41.520 --> 0:05:45.200 to events where people didn't do that, and that's really 0:05:45.200 --> 0:05:48.680 where personal responsibility steps in. So I always tell people, 0:05:49.040 --> 0:05:52.839 if you want to get back to where we were, um, 0:05:52.920 --> 0:05:56.640 you want to not have restrictions in place, just do 0:05:56.800 --> 0:06:00.440 simple things. Wear a mask, you know, use common sense 0:06:00.480 --> 0:06:05.480 about gatherings and social distancing, and uh, wash your hands. 0:06:05.839 --> 0:06:09.000 Because we have such good news about vaccines right now 0:06:09.400 --> 0:06:11.799 that um, you know, we can have a much different 0:06:11.880 --> 0:06:16.320 summer if we really work hard this winter. Hey, so, Brian, 0:06:16.440 --> 0:06:18.159 one thing and before we move on to kind of 0:06:18.160 --> 0:06:20.400 talking about a vaccine and the rollout of that, is 0:06:20.760 --> 0:06:23.360 the types of COVID patients that you're seeing. It does 0:06:23.400 --> 0:06:25.560 sound like it's not as severe, but are you seeing 0:06:25.600 --> 0:06:28.799 a lot of long um of covid um long haulers. 0:06:28.800 --> 0:06:31.200 I'm just curious what you're seeing in the demographics of 0:06:31.200 --> 0:06:35.599 who's getting the virus. Has any of that changed. Yeah, 0:06:35.920 --> 0:06:41.520 we're seeing um uh a much younger population UM testing 0:06:41.600 --> 0:06:46.080 positive right now, and um, you know, we're seeing fewer 0:06:46.160 --> 0:06:50.800 patients go into the hospital. But your point about what 0:06:50.960 --> 0:06:54.440 happens afterwards is an important one. We've opened something in 0:06:54.480 --> 0:06:58.240 Atlantic called the Covidcovery Center, and we've had that open 0:06:58.279 --> 0:07:00.320 for about two months now, and what we're trying to 0:07:00.320 --> 0:07:03.719 do is to create a medical home for these patients 0:07:03.800 --> 0:07:08.080 who can't seem to shake some of the impacts of 0:07:08.120 --> 0:07:12.360 this virus. So I'll give you a quick example. We've 0:07:12.400 --> 0:07:19.000 got some young UH patients who are seemingly doing well, um, 0:07:19.080 --> 0:07:22.960 but when they exert themselves in any manner, their their 0:07:23.040 --> 0:07:27.360 oxygen levels just dropped dramatically, and UM. We can't figure 0:07:27.360 --> 0:07:29.920 out why. Um. And we're trying to understand that. The 0:07:29.960 --> 0:07:33.280 same thing with this concept of brain fog. We've got 0:07:33.360 --> 0:07:36.880 so many patients that just don't feel right and UH 0:07:37.240 --> 0:07:40.280 are are suffering from that. So this is turning into 0:07:40.280 --> 0:07:43.360 a real chronic disease. And one of the things when 0:07:43.360 --> 0:07:45.880 I when I talk about this, particularly to younger folks 0:07:45.880 --> 0:07:48.880 who think that their bulletproof on this, is that this 0:07:49.000 --> 0:07:51.800 is a very difficult virus. And while you may not, 0:07:52.280 --> 0:07:56.520 um see the dramatic impacts on you like we saw 0:07:56.960 --> 0:07:59.800 in New York and New Jersey and the spring fentile 0:07:59.840 --> 0:08:02.560 at and everything like that, this is still something that 0:08:02.600 --> 0:08:05.600 you have to take very seriously, and we're hoping to 0:08:05.800 --> 0:08:08.560 get that message across. But in the meantime, we've created 0:08:08.600 --> 0:08:10.600 a service that we think will be a medical home 0:08:10.680 --> 0:08:13.520 for patients who really are taking this on as a 0:08:13.600 --> 0:08:15.440 chronic disease. Now, yeah, I don't know if any of 0:08:15.440 --> 0:08:17.160 you have seen. I think it was at sixty minutes 0:08:17.160 --> 0:08:18.720 at a piece on some of the long haulers and 0:08:18.720 --> 0:08:20.720 it was, you know, one was a runner and it's 0:08:20.760 --> 0:08:24.120 just young people and just their life has been you know, 0:08:24.280 --> 0:08:26.920 turned upside down and it's devastating that couldn't walk. So 0:08:27.040 --> 0:08:29.640 it's it is definitely something that has to be taken seriously. 0:08:29.680 --> 0:08:32.920 It's something that just affects everybody differently exactly you get it, 0:08:32.960 --> 0:08:34.560 you don't know how it's going to affect you, and 0:08:34.559 --> 0:08:36.840 that's something we all need to keep in mind. Um, Brian, 0:08:36.840 --> 0:08:39.120 I want to talk about the vaccine and how you're 0:08:39.120 --> 0:08:41.920 planning on rolling it out and distributing it once it 0:08:41.960 --> 0:08:44.640 becomes widely available. How do you do that at Atlantic 0:08:44.640 --> 0:08:50.320 Health System? So, Um, we've had planning underway for the 0:08:50.360 --> 0:08:53.760 last several months to make sure that as soon as 0:08:54.320 --> 0:08:56.599 we are able to, we will get this vaccine in 0:08:56.640 --> 0:09:00.160 people's arms because the development of the vaccine had has 0:09:00.160 --> 0:09:03.600 been nothing short of remarkable because what we the government 0:09:03.600 --> 0:09:06.679 has been able to do is to hedge companies financial 0:09:06.800 --> 0:09:10.200 bets on this vaccine and allow them to follow the 0:09:10.320 --> 0:09:12.960 science and get it done safely, but at the same 0:09:13.000 --> 0:09:15.800 time begin production on these. So we're going to start 0:09:15.840 --> 0:09:20.320 to see, assuming UH this moves forward like we expect 0:09:20.520 --> 0:09:24.680 this week and over the next couple of weeks, vaccines 0:09:25.080 --> 0:09:28.839 being sent to each of the states and then UM 0:09:29.760 --> 0:09:35.120 being delivered to sites like our Atlantic health hospitals UM, 0:09:35.160 --> 0:09:38.480 and then we have plans to UH to get those 0:09:38.480 --> 0:09:40.400 into the arms of people, and that's going to be 0:09:40.480 --> 0:09:43.800 the real challenge. We're gonna have to set priorities at 0:09:43.800 --> 0:09:46.440 the beginning, and so we're looking forward to the guidance 0:09:46.440 --> 0:09:49.160 that we're going to get from the government this week 0:09:49.720 --> 0:09:53.560 UM states to put together plans, but generally it seems 0:09:53.559 --> 0:09:56.480 like it's gonna be health care workers first, and we 0:09:56.520 --> 0:09:59.959 think that that's really important, and then working on people 0:10:00.040 --> 0:10:04.720 who have other vulnerabilities and people who are older because 0:10:04.760 --> 0:10:07.880 the goal here is to obviously get as much vacccine 0:10:08.000 --> 0:10:12.480 out into the general public. Right probably the middle of 0:10:12.480 --> 0:10:15.160 the year. Uh, and that's going to be important, but 0:10:15.240 --> 0:10:19.040 the key thing is people having confidence in taking it. Yeah, no, 0:10:19.120 --> 0:10:20.960 I know. I think the CDC right, I think they're 0:10:21.000 --> 0:10:23.440 voting actually today on who will be first in line 0:10:23.480 --> 0:10:25.360 for a vaccine, so we we will be looking out 0:10:25.400 --> 0:10:27.760 for that headline. Hey, Brian, thank you so much. I 0:10:27.800 --> 0:10:30.160 know your world is crazy and you're so kind to 0:10:30.160 --> 0:10:32.920 always find some time for us. So stay safe and 0:10:32.960 --> 0:10:35.000 we wish you well and I'm sure we'll be checking 0:10:35.040 --> 0:10:37.600 in again with you over the next couple of months. 0:10:37.600 --> 0:10:40.440 Brian Granue Lotty, Chief executive Officer Atlantic Health System, on 0:10:40.480 --> 0:10:43.440 the phone from Morristown, New Jersey. This is Bloomberg Business 0:10:43.440 --> 0:10:47.360 Week with Carol Masser from Bloomberg Radio. Listening to Bloomberg 0:10:47.400 --> 0:10:50.360 Business Week Carol Masser along with Tim Stanovic, and we 0:10:50.440 --> 0:10:53.440 know running a political campaign, it's about fundraising, it's about 0:10:53.440 --> 0:10:56.280 getting voters, it's about building infrastructure and support. It's also 0:10:56.280 --> 0:10:59.360 about building out campaign technology, which we know is critical 0:10:59.360 --> 0:11:01.800 for Donald true Up and the Republicans back in twenties 0:11:01.840 --> 0:11:04.680 sixteen and for the Democrats this past November. So let's 0:11:04.679 --> 0:11:07.080 get into a great story in the magazine. It's about 0:11:07.080 --> 0:11:10.559 the digital machine that Democrats need to keep winning. Bloomberg 0:11:10.679 --> 0:11:14.679 Business Bloomberg business Week national correspondent Josh Green excuse me, 0:11:15.280 --> 0:11:18.000 is joining us. He's on the phone in DC, along 0:11:18.000 --> 0:11:20.280 with Bloomberg Business Week editor Joel Webber on the access 0:11:20.320 --> 0:11:24.680 line in Brooklyn. Um, Joel, this is an interesting story. 0:11:24.720 --> 0:11:26.800 I mean technology, we saw the Republicans use it. Now 0:11:26.800 --> 0:11:29.320 it seems like Democrats have figured it out. Yeah. And 0:11:29.320 --> 0:11:32.520 who better than to write about to write about the 0:11:32.520 --> 0:11:35.360 story than you know, our great m and a reporter 0:11:35.960 --> 0:11:42.839 Josh Green, who also headed to the Yeah, exactly. He's multifaceted, 0:11:42.880 --> 0:11:45.480 that Josh Green. Um. But that was sort of the 0:11:45.559 --> 0:11:47.400 root of it because he had done a story for 0:11:47.440 --> 0:11:52.360 the magazine in twenty seventeen about mobilized America. Um. But 0:11:52.600 --> 0:11:56.000 the biggest theme here is not only that marriage that 0:11:56.080 --> 0:11:57.640 I'm sure he's going to talk about in a second. 0:11:57.720 --> 0:12:00.720 But you know, there's a there's a line in the 0:12:00.720 --> 0:12:04.040 story where in today's story where he yesterday story where 0:12:04.080 --> 0:12:08.679 he throws back to the Obama momentum back when Obama 0:12:08.800 --> 0:12:12.680 was re elected and sort of the the tech um 0:12:12.679 --> 0:12:17.360 prowess that was was bestowed upon Democrats and then but 0:12:17.520 --> 0:12:19.400 you know, there was there was one thing that was missing, 0:12:19.400 --> 0:12:22.520 which is it didn't have any lasting ability. And what 0:12:22.679 --> 0:12:25.640 Josh has found here is that, you know, we're beginning 0:12:25.640 --> 0:12:27.880 to see a marriage here that may be able to 0:12:27.920 --> 0:12:30.840 become something of a machine. How about that, Josh? Can 0:12:30.880 --> 0:12:32.959 I can I just take every word out of your 0:12:32.960 --> 0:12:37.520 reporting for myself, but over to you for more M 0:12:37.520 --> 0:12:39.960 and A. I'd like to ide them. I think this 0:12:40.080 --> 0:12:41.959 might be the first M and A I've ever reported, 0:12:42.360 --> 0:12:46.720 So let's let's put a toy. The reason that I 0:12:46.760 --> 0:12:48.880 was prompted to report on an M, M and A 0:12:49.040 --> 0:12:51.120 for the first time in my like ten plus years 0:12:51.160 --> 0:12:53.480 blober career was that, as you said, I wrote about 0:12:53.520 --> 0:12:57.079 one of these companies back into late seventeen because they 0:12:57.080 --> 0:12:59.880 were a start up by a couple of young millennials 0:13:00.040 --> 0:13:03.199 which appalled that Donald's they gotten elected of Democrats couldn't 0:13:03.200 --> 0:13:05.640 beat him, and so they wanted to develop new political 0:13:05.679 --> 0:13:08.680 technology to reach the kind of voters authority plant couldn't 0:13:08.679 --> 0:13:12.320 reach and hadn't turned out. Um you know, so so 0:13:12.360 --> 0:13:14.719 they called me up actually a couple of weeks ago 0:13:14.720 --> 0:13:16.480 and said, hey, you know, we've built our company into 0:13:16.480 --> 0:13:18.640 a hundred plush people were now going to merge with 0:13:18.720 --> 0:13:21.400 a big Democratic tech company called every Action they were 0:13:21.440 --> 0:13:25.720 being acquired UM. But to me, the evolution of this 0:13:25.800 --> 0:13:28.760 company and its acquisition was really emblematic of something I 0:13:28.760 --> 0:13:31.440 think was really important in this last election. Hasn't gotten 0:13:31.520 --> 0:13:37.560 enough attention because Democrats rightly spent the months since since 0:13:37.640 --> 0:13:40.800 Trump was defeated kind of bickering and shooting at each other, 0:13:40.880 --> 0:13:43.800 which I think is taken away from UM. What I 0:13:43.800 --> 0:13:45.720 talked about in the lead to this piece was that 0:13:46.040 --> 0:13:50.600 the Democrats organizing and fundraising prowess, driven by this kind 0:13:50.600 --> 0:13:53.960 of political technology just produced more than any billion votes 0:13:54.520 --> 0:13:58.840 for jo Blinden in any hope that Democrats have of 0:13:58.840 --> 0:14:01.840 of broadening their verning coalition and winning racist in the 0:14:01.840 --> 0:14:03.679 mid terms, and that sort of thing is going to 0:14:03.800 --> 0:14:05.760 depend on this machine that was built. And the fact 0:14:05.760 --> 0:14:09.320 that these two political technology companies are coming together and 0:14:09.400 --> 0:14:13.920 joining means that Democrats organizing and tech abilities are going 0:14:13.960 --> 0:14:17.559 to grow even larger now. As Joel alluded to, UM, 0:14:17.960 --> 0:14:21.480 Democrats were plagued for years and years and years, even 0:14:21.520 --> 0:14:24.440 when Obama was winning. They were plagued by a fundamental 0:14:24.520 --> 0:14:27.640 structural shortcoming in the way that they did politics, and 0:14:27.680 --> 0:14:31.080 that was that every time you had a big presidential 0:14:31.080 --> 0:14:33.760 campaign like Obama come along, he actually had to build 0:14:33.760 --> 0:14:36.240 his own technology internally, They had to kind of start 0:14:36.280 --> 0:14:39.720 from scratch. You know. It's like getting a job at Bloomberg, 0:14:39.720 --> 0:14:40.880 but in order to get there, I have to like 0:14:40.960 --> 0:14:43.400 build my own car to to sort of drive. I mean, 0:14:43.520 --> 0:14:45.800 one of these problems where when you step back and 0:14:45.800 --> 0:14:48.560 look at it from somebody outside politics, it seems sort 0:14:48.600 --> 0:14:50.840 of absurd that nobody thought to fix this earlier. But 0:14:50.880 --> 0:14:53.680 this was a big problem. Obama built a big techno operation. 0:14:53.720 --> 0:14:56.160 As soon as this campaign ended, it all dissolved and 0:14:56.160 --> 0:14:59.000 went away, you know, and Hillary had to start from scratch. 0:14:59.080 --> 0:15:02.640 So what these companies done is basically take the technology, 0:15:02.680 --> 0:15:06.160 building outside campaigns that can grow and exist and innovate 0:15:06.760 --> 0:15:10.240 UM beyond a single campaign cycle. I think the fact 0:15:10.320 --> 0:15:12.600 that Democrats turned out eighty million votes even while they 0:15:12.600 --> 0:15:15.840 didn't achieve all they wanted to, shows how powerful this 0:15:16.040 --> 0:15:18.880 was and how powerful they can be moving forward. So, Josh, 0:15:18.880 --> 0:15:21.320 I mean you described this as a salesforce like platform 0:15:21.400 --> 0:15:25.400 for liberal campaigns and causes UM and the company mobilized. 0:15:25.560 --> 0:15:27.680 When these two companies together, I mean, what is the 0:15:27.720 --> 0:15:30.320 actual technology that they have? What are they able to 0:15:30.360 --> 0:15:33.320 do now, well, they do a lot of things. It's 0:15:33.400 --> 0:15:36.000 interesting about Mobilize, which I first wrote about, was they 0:15:36.000 --> 0:15:38.480 looked at Hillary's loss and they all, right, she performed 0:15:38.520 --> 0:15:42.560 really badly among millennials and really badly among black voters 0:15:42.560 --> 0:15:45.600 compared to Obama. Why And what they figured out was 0:15:45.640 --> 0:15:48.320 that the traditional ways of organizing you get a list 0:15:48.360 --> 0:15:50.160 on a piece of paper, you go out and you 0:15:50.240 --> 0:15:54.280 knock on doors, didn't really reach those populations, either because 0:15:54.320 --> 0:15:56.840 you know, they're transient like millennials, or they move around 0:15:56.880 --> 0:15:59.360 a lot. And so they thought that, well, look, the 0:15:59.360 --> 0:16:01.560 one way to reach everybody. Everybody has a cell from now, 0:16:01.560 --> 0:16:04.520 whether you're young, old, black, white, Um. They built the 0:16:04.520 --> 0:16:07.920 technology through an app, and this is something that's scaled 0:16:07.960 --> 0:16:10.280 and they tested it out in I wrote a big 0:16:10.320 --> 0:16:12.840 feature for Business Week about how they were doing in 0:16:12.880 --> 0:16:15.680 the Virginia off your elections. That worked wonderfully, and the 0:16:15.720 --> 0:16:18.520 Party do its credit, recognized this and spread it all 0:16:18.560 --> 0:16:22.080 across the country in the mid term election. Uh. In 0:16:22.120 --> 0:16:25.880 the midterm races which Democrats won handily. UH. I think 0:16:25.960 --> 0:16:29.600 twenty of the something like twenty six Democratic presidential candidates 0:16:29.600 --> 0:16:33.160 from this past cycle used the technology. So what it 0:16:33.240 --> 0:16:35.600 really is. You know, one of the founders described it 0:16:35.640 --> 0:16:38.680 to me as an engagement funnel. You know, it takes 0:16:38.760 --> 0:16:41.920 you have all these sort of hyper excited new to 0:16:42.000 --> 0:16:44.800 politics activists who people were out in the Women's March 0:16:45.360 --> 0:16:47.840 U doing March for Our Lives, not necessarily things that 0:16:47.840 --> 0:16:50.520 will campaign related, but suddenly they're inspired and they want 0:16:50.560 --> 0:16:54.160 to get involved. These apps in this technology helps funnel 0:16:54.240 --> 0:16:57.640 that initiative, that eagerness to participate, and connects them with 0:16:57.680 --> 0:17:01.000 a local campaign that can actually use their help. That's 0:17:01.000 --> 0:17:03.480 really what we saw with Joe Biden's campaign, the fact 0:17:03.560 --> 0:17:05.520 that Biden really was kind of in his basement, he 0:17:05.560 --> 0:17:08.240 wasn't out their campaigning, and yet through this use of 0:17:08.280 --> 0:17:10.880 technology and being able to kind of connect people, they 0:17:10.920 --> 0:17:13.240 managed to turn out eighty million votes and help Buyden 0:17:13.280 --> 0:17:16.439 to defeat Trump. I think that's a critical piece of 0:17:16.480 --> 0:17:20.040 technological evolution that's going to be important going forward for 0:17:20.080 --> 0:17:23.400 both parties, but especially for Democrats. So Josh, let's spend 0:17:23.400 --> 0:17:26.440 this forward. We've got, you know, Georgia Senate race here 0:17:26.480 --> 0:17:28.360 on the horizon. After that, we're gonna have some mid terms, 0:17:28.440 --> 0:17:30.920 Like when are we gonna see sort of the fruits 0:17:30.920 --> 0:17:33.040 of this marriage and and how are we going to 0:17:33.119 --> 0:17:35.439 be evaluating them? And just got about a minute, Josh, 0:17:36.320 --> 0:17:39.040 you I think I think we're already sing on your 0:17:39.080 --> 0:17:41.439 people on the grandom. There's lots of volunteers. I was 0:17:41.440 --> 0:17:43.919 talking to one of the Mobilized founders who said that 0:17:44.000 --> 0:17:47.240 the engagement the the volunteer engagement around the Georgia Senate 0:17:47.320 --> 0:17:50.280 races is even higher than it was in the midterm 0:17:50.280 --> 0:17:53.359 elections in twenty eighteen. On the other hand, Republicans have 0:17:53.480 --> 0:17:56.119 their biggest engagement driver, and that's Donald Trump, and it 0:17:56.119 --> 0:17:57.919 sounds like he's gonna be heading down there in the 0:17:57.960 --> 0:18:02.080 next week. UM. So you know, both sides this won't 0:18:02.080 --> 0:18:04.040 come as news to anybody, but both sides are just 0:18:04.080 --> 0:18:06.200 trying to turn out every single vote they can because 0:18:06.200 --> 0:18:09.840 it looks like a very close pair of elections. I 0:18:09.840 --> 0:18:14.879 think if Democrats are able to rekindle the outpouring that 0:18:14.960 --> 0:18:17.360 Joe Biden received, they're going to be a pretty good shape. 0:18:17.960 --> 0:18:22.080 We just don't know yet whether Democrats can win um 0:18:22.400 --> 0:18:25.720 or excite people Trump not on the top of the ticket. 0:18:25.760 --> 0:18:28.399 We're gonna find out on all right, Well, good stuff 0:18:28.400 --> 0:18:31.440 as always, Josh, Thank you so much. Who knew political 0:18:31.560 --> 0:18:34.320 m and a reporter also Bloomberg Business Week national correspondent. 0:18:34.400 --> 0:18:36.680 Do it. He can do it all. Josh Green. Anything 0:18:36.720 --> 0:18:38.760 you want to ever know about politics and the campaign 0:18:38.800 --> 0:18:41.320 trail Man, You've just got to read Josh's stuff. Of course, 0:18:41.359 --> 0:18:45.359 author of the book that explains the election outcome. We're 0:18:45.400 --> 0:18:47.600 talking about Devil's bargain. Steve Bannon, Donald Trump of the 0:18:47.680 --> 0:18:50.720 Nationalist Uprising. Josh of course on the phone from DC 0:18:50.880 --> 0:18:52.639 and Bloomberg Business we get it. Or Deel Webber on 0:18:52.680 --> 0:18:57.040 the access line in Brooklyn sees Bloomberg Business Week with 0:18:57.119 --> 0:19:01.879 kirol Messer on Bloomberg Radio for Secretary of Treasury. I 0:19:01.920 --> 0:19:05.480 am really pleased to be able to nominate Janet Yelling. 0:19:05.840 --> 0:19:09.320 No one is better prepared to deal with these crisis. 0:19:09.600 --> 0:19:13.520 I wish it weren't as much of a crisis future secretary. 0:19:14.119 --> 0:19:15.919 And of course that was President like Joe Biden just 0:19:16.000 --> 0:19:20.080 earlier today nominating Janet Yellen, former Fed chief, to be 0:19:20.160 --> 0:19:22.199 the next Treasury secretary. And I really do think this 0:19:22.280 --> 0:19:25.160 Biden economic team, tim is really one of our top 0:19:25.160 --> 0:19:27.120 stories at the day, and certainly at this hour. Yeah, 0:19:27.160 --> 0:19:28.680 it is. It's it's a lot of first Not only 0:19:28.720 --> 0:19:32.160 does it include yelling, of course, but near Tandon as well, 0:19:32.200 --> 0:19:33.960 and if she would be confirmed, she would have a 0:19:33.960 --> 0:19:36.000 lot of first to go along with her as well. 0:19:36.280 --> 0:19:38.439 And it's I think exciting to see for a lot 0:19:38.480 --> 0:19:41.800 of people because President like Biden has said he wants 0:19:41.840 --> 0:19:44.560 his cabinet to look like America, and it seems like 0:19:44.600 --> 0:19:47.040 he's making good on that promise. Yeah. Really when he 0:19:47.040 --> 0:19:49.520 was announcing all the people very very diverse. Let's get 0:19:49.520 --> 0:19:52.520 some thoughts from our Bloomberg News Politics editor Wendy Benjaminson. 0:19:52.640 --> 0:19:56.640 She is back with us on the phone from Washington. So, Wendy, 0:19:56.800 --> 0:20:00.080 I mean it really does look like in general, and 0:20:00.119 --> 0:20:02.639 certainly with this economic team that Joe Biden is thinking 0:20:02.640 --> 0:20:07.199 about uh diversity and thinking about what America looks like 0:20:07.280 --> 0:20:11.200 and what his team meets to look like. Yes, absolutely, Carol, 0:20:11.280 --> 0:20:15.280 I mean he is, um, he is making a point 0:20:15.320 --> 0:20:17.760 about them being diverse. He is certainly showing them to 0:20:17.840 --> 0:20:20.960 be diverse. And there are many many first as as 0:20:20.960 --> 0:20:23.399 you said, you know, um. Janet Yellen would be the 0:20:23.400 --> 0:20:26.760 first female Treasury secretary. Cecilia Roused would be the first 0:20:26.760 --> 0:20:30.120 African American to head the Council of Economic Advisors. Near 0:20:30.119 --> 0:20:32.399 a tandem is an Indian American who would leave the 0:20:32.480 --> 0:20:34.919 Office of Management and Budget, although women have led that 0:20:35.000 --> 0:20:38.840 office before. UM, So it's um so he really is 0:20:38.960 --> 0:20:42.720 working on that now. There are some UM Representative Jim 0:20:42.760 --> 0:20:45.440 Clyburne from South Carolina who feels that there aren't enough 0:20:45.760 --> 0:20:49.280 African Americans being selected yet, but there's still a lot 0:20:49.280 --> 0:20:51.120 of names to go and we'll see where that leads. 0:20:51.520 --> 0:20:53.440 When do you want to hit on your attendant for 0:20:53.480 --> 0:20:55.480 a second, because it does seem like if there is 0:20:55.600 --> 0:20:57.800