WEBVTT - The Biden Administration’s First 100 Days Agenda 0:00:00.280 --> 0:00:02.920 This is Bloomberg Business Week. I'm Carole Masser and I'm 0:00:02.920 --> 0:00:05.760 Bloomberg Quick Takes Tim Stanebeck. We're here every day bringing 0:00:05.760 --> 0:00:08.280 you the latest news from the world's of business and finance, 0:00:08.320 --> 0:00:12.120 plus technology, politics, economics, all harnessing the power of Business 0:00:12.119 --> 0:00:15.600 Week reporters and editors, not to mention our journalists and 0:00:15.600 --> 0:00:18.480 analyst in more than one twenty countries. You can download 0:00:18.480 --> 0:00:21.720 Bloomberg Business Week on iTunes, SoundCloud, or Bloomberg dot Com. 0:00:21.880 --> 0:00:23.600 You can also listen to our radio show at two 0:00:23.640 --> 0:00:26.320 pm Eastern Time on Bloomberg Radio or watch us on 0:00:26.360 --> 0:00:33.599 YouTube search Bloomberg Global News. Let's bring on Bloomberg News 0:00:33.600 --> 0:00:36.360 Whitehouse correspondent Josh wynd Grove. He's on the phone from Washington, 0:00:36.440 --> 0:00:39.120 d C. Because you know, Josh, we do need to 0:00:39.200 --> 0:00:41.920 look forward a new era, as it is always with 0:00:41.960 --> 0:00:45.360 a new president in Washington. But I do wonder about 0:00:45.400 --> 0:00:49.720 the old division. How much of that sticks around? Yeah, 0:00:49.760 --> 0:00:53.600 I mean this is the whole pillar of Biden's speech today. 0:00:53.640 --> 0:00:57.280 If you notice that normally inaugural addresses cast forward a 0:00:57.320 --> 0:01:00.200 little bit to what people want to do with the president. See, 0:01:00.240 --> 0:01:02.240 you kind of ditched the whole policy side of it 0:01:02.600 --> 0:01:05.800 and talked all about unity, the need to uh, you know, 0:01:06.040 --> 0:01:09.080 kind of tack down the temperature a little bit, saying 0:01:09.120 --> 0:01:12.040 that politics doesn't always have to be a raging fire. 0:01:12.120 --> 0:01:15.240 He didn't name Trump specifically, but it was just a 0:01:15.280 --> 0:01:19.600 clear repudiation of what he believes Trump's legacy to be. So, 0:01:19.720 --> 0:01:23.280 you know, Biden believes at least it is possible. He 0:01:23.360 --> 0:01:26.559 did acknowledge that might sound a little naive. He tried 0:01:26.600 --> 0:01:30.679 to point to Vice President Harris is evidence that, you 0:01:30.720 --> 0:01:33.400 know anything, it's possible. Of course, historic moment for the 0:01:33.600 --> 0:01:36.760 US to see her sworn in. Uh So you know, 0:01:36.800 --> 0:01:38.640 this is where where he's trying to go. It's gonna 0:01:38.800 --> 0:01:41.319 Rubbert is gonna hit road real quick. I mean, they 0:01:41.319 --> 0:01:43.960 have disputes in the Senate, they have disputes over how 0:01:44.040 --> 0:01:46.720 quickly they can confirm their cabinet. And of course that 0:01:46.880 --> 0:01:49.320 COVID bill is just going to be front and center. 0:01:49.560 --> 0:01:53.400 Bi didn't want something yesterday basically, and it's not clear 0:01:53.440 --> 0:01:55.880 what Republicans have an appetite for. Yeah, and it's not 0:01:55.960 --> 0:01:58.520 just the COVID bill. I mean, millions of Americans woke 0:01:58.600 --> 0:02:01.040 up earlier this morning, Josh, to to find that the 0:02:01.080 --> 0:02:06.240 President Biden. That is, um would sign executive orders to 0:02:06.280 --> 0:02:10.720 swiftly unwind Trump policies on immigration, on health. Um, take 0:02:10.800 --> 0:02:13.680 us through the big ones here. Yeah, and we're going 0:02:13.720 --> 0:02:16.200 to see I think some of these go forward. Uh, 0:02:16.480 --> 0:02:19.720 you know, in the coming days will be imagine a 0:02:19.800 --> 0:02:21.600 batch or at least they've signals that'll be a batch 0:02:21.639 --> 0:02:24.280 of stuff every day. You know, these infecutive actions like 0:02:24.320 --> 0:02:25.800 some of them. Some of the things you're doing today 0:02:25.800 --> 0:02:28.000 are pretty standard. You're gonna rejoin the w h oh, 0:02:28.040 --> 0:02:30.720 they're going to rejoin the Paris Climate Agreement. He's going 0:02:30.760 --> 0:02:34.000 to issue a mask mandates so on interstate travel, in 0:02:34.040 --> 0:02:36.720 other words, federal turf, you've got to wear a mask, 0:02:36.760 --> 0:02:38.520 and in several buildings you got to wear a mask. 0:02:38.639 --> 0:02:41.960 But you know, executive orders Trump loved them. But the 0:02:42.000 --> 0:02:44.560 real downside of them is that, you know, as easy 0:02:44.600 --> 0:02:46.799 as they are for a president do flick of a pen, 0:02:47.400 --> 0:02:49.280 they often don't have a lot of teeth behind them. 0:02:49.280 --> 0:02:51.520 And so Congress really is the gatekeeper on a lot 0:02:51.520 --> 0:02:54.520 of things, in particular of course, stuff that requires money, 0:02:54.520 --> 0:02:57.920 and vaccines require money, and testing requires money. So a 0:02:57.960 --> 0:03:02.400 lot of his goals, pticularly early on, are really going 0:03:02.400 --> 0:03:04.720 to be subject of seeing what gets done in Congress. 0:03:04.960 --> 0:03:07.839 Jen Psaki, who is his White House Press secretary, of course, 0:03:07.840 --> 0:03:10.520 as about two and a half hours ago, uh said 0:03:10.560 --> 0:03:13.000 this morning on CNN, she was asked, listen, is it 0:03:13.120 --> 0:03:16.480 fair to say that stopping the pandemic is his number 0:03:16.560 --> 0:03:19.280 one concern? And she said, yes, that is their you know, 0:03:19.280 --> 0:03:21.959 it's interesting. And for those who are watching on YouTube, 0:03:21.960 --> 0:03:25.520 our YouTube channel, Uh, you know, the president Uh and 0:03:25.680 --> 0:03:29.240 the vice president and former President Obama, George W. Bush 0:03:29.240 --> 0:03:32.560 and Clinton, along with their spouses, they are at Arlington 0:03:32.680 --> 0:03:34.840 National Cemetery at the tomb of the Unknown Soldier. They 0:03:34.840 --> 0:03:38.120 will lay a wreath there. Uh. And that's the visual 0:03:38.280 --> 0:03:40.000 that we've got at this hour. But I'm looking at, 0:03:40.040 --> 0:03:43.000 you know, past administrations, and we had a financial crisis 0:03:43.280 --> 0:03:45.520 that two of them had to deal with. UM, we 0:03:45.600 --> 0:03:49.720 had healthcare overhaul. We've had some really big agendas. But 0:03:49.800 --> 0:03:53.080 I look at the agenda, Josh, that is facing this 0:03:53.240 --> 0:03:55.840 current president. It is, as you just laid out, a 0:03:55.920 --> 0:03:59.400 massive one, a costly one. And even though he will 0:03:59.440 --> 0:04:03.160 not be the Senate Majority leader, the new Senate Minority Leader, 0:04:03.240 --> 0:04:06.960 Mitch McConnell will play a crucial role. Will he be 0:04:07.120 --> 0:04:12.520 more collaborative. I'm collaborative is a strong word. He he. 0:04:12.520 --> 0:04:15.000 He believes that there should be a power sharing type 0:04:15.040 --> 0:04:16.840 of agreement, which has been done in the past when 0:04:16.880 --> 0:04:21.120 the Senate has had a fifty fifty split. Now it's 0:04:21.200 --> 0:04:23.920 been quite some time since that was the case. And 0:04:24.040 --> 0:04:26.520 in the meantime, a lot of Democrats think that Mitch 0:04:26.560 --> 0:04:29.839 McConnell played such hardball when he was a majority leader 0:04:29.920 --> 0:04:32.720 that they believe he's almost forfeit the right to ask 0:04:32.760 --> 0:04:35.440 them for a penny, let alone a buck, you know. 0:04:35.640 --> 0:04:37.680 So I think that there will be a lot of 0:04:37.680 --> 0:04:39.840 opposition to that. Now, this will be one of the 0:04:39.880 --> 0:04:42.000 things I think we're Biden's belief that there could be 0:04:42.040 --> 0:04:45.880 a bipartisan era still in Washington will will come to 0:04:45.920 --> 0:04:49.200 the four If Biden sort of asks or gives his 0:04:49.279 --> 0:04:53.080 blessing to Chuck Schumer to, you know, actually try and 0:04:53.120 --> 0:04:55.880 cooperate with McConnell, that might that then that might be 0:04:55.920 --> 0:04:57.760 where they go. But there will be pressure, certainly in 0:04:57.760 --> 0:05:00.880 the Democratic Party to just abs really go hard to 0:05:00.920 --> 0:05:03.640 the wall and keep box McConnell out of anything, so 0:05:03.680 --> 0:05:05.880 that that's that's a there's a rub right now on 0:05:05.920 --> 0:05:08.680 that one. Look, all of this Josh is happening as 0:05:09.880 --> 0:05:13.800 as Trump, who's no longer president, is facing trial in 0:05:13.839 --> 0:05:18.240 the Senate for for impeachment. UM explain the backdrop here 0:05:18.720 --> 0:05:22.479 how Democrats can push forward this message of unity well 0:05:22.520 --> 0:05:25.640 also at the same time trying the next president. Yeah, 0:05:25.800 --> 0:05:28.000 I mean, first of all, it's very unclear how this 0:05:28.080 --> 0:05:30.560 is going to proceed. Nancy Pelosi is saying should hand 0:05:30.600 --> 0:05:33.120 over the article soon, it's not clear that she's not 0:05:33.160 --> 0:05:35.520 going to sit on them for a while, which could 0:05:35.680 --> 0:05:38.280 so drag things out. And it's very unclear that there 0:05:38.279 --> 0:05:40.400 would be enough votes to convict the president. In fact, 0:05:40.400 --> 0:05:42.800 the team is pretty clear that there are not enough 0:05:42.880 --> 0:05:45.720 votes to convict the president. And the longer he's out 0:05:45.720 --> 0:05:48.120 of office, you have to think the longer the temperature 0:05:48.200 --> 0:05:50.679 comes down. Well, look, even with what McConnell said yesterday, 0:05:50.720 --> 0:05:53.440 he said that the mob attack on the Capitol was 0:05:53.520 --> 0:05:56.000 quote provoked, and he'd be kind of condemned it in 0:05:56.040 --> 0:06:00.440 the most no uncertain terms he did, But I I mean, 0:06:00.720 --> 0:06:03.039 I suppose that depends who shows up. But I have 0:06:03.080 --> 0:06:05.000 a hard time thinking that two thirds of people president, 0:06:05.000 --> 0:06:08.039 in other words, up to seventeen Republicans would vote to 0:06:08.080 --> 0:06:11.320 commit a Rod to convict the president on his impeachment charge. 0:06:11.680 --> 0:06:14.080 I have been wrong before. It's still Donald Trump's Washington 0:06:14.160 --> 0:06:17.880 in some ways, so anything is possible. But I think 0:06:17.960 --> 0:06:20.000 right now Biden is made clear that his number one 0:06:20.000 --> 0:06:23.000 priority is not an impeachment of Donald Trump. It's this 0:06:23.120 --> 0:06:27.839 COVID package. And remember, the numbers just are alarming. Across 0:06:27.839 --> 0:06:31.120 the board. The vaccine role has been sluggish, and Biden 0:06:31.160 --> 0:06:33.039 has been saying, we are in for a long winter 0:06:33.160 --> 0:06:35.480 and it's going to get worse before it gets better. Right, 0:06:35.560 --> 0:06:37.919 Let's not forget. You know, we're focusing on politics, and 0:06:37.960 --> 0:06:42.039 we've focused on politics a lot over the last couple 0:06:42.080 --> 0:06:45.600 of weeks, understandably. But at the same time, those virus numbers, 0:06:45.640 --> 0:06:49.640 as Josh said, um continue to astound, and you know, 0:06:49.720 --> 0:06:51.600 we go through them, and we took through them every 0:06:51.640 --> 0:06:55.919 day here at Bloomberg. But it is certainly worsome and 0:06:55.960 --> 0:06:59.480 that will be obviously top of his mind, top of 0:06:59.560 --> 0:07:02.960 his gender. Uh. The new incoming president, and it does 0:07:03.000 --> 0:07:06.320 look like for those listening on radio, watching on our 0:07:06.360 --> 0:07:11.120 YouTube channel, the president, the new president, Biden, the Vice President, 0:07:11.200 --> 0:07:15.480 Kamala Harris, Uh, they and their spouses I believe are 0:07:16.240 --> 0:07:19.520 headed towards the tomb of the unknown Soldier to lay 0:07:20.000 --> 0:07:23.120 a wreath there, and they're there along with the past presidents. 0:07:23.160 --> 0:07:27.200 This is Bloomberg Business Week with Carol Messer and Bloomberg 0:07:27.240 --> 0:07:31.600 Quick Takes. Tim Stinovic from Bloomberg Radio. Let's not forget 0:07:31.680 --> 0:07:34.400 that the big problem facing this country right now is 0:07:34.440 --> 0:07:37.280 getting the pandemic under control. If you're out there in 0:07:37.280 --> 0:07:38.840 the West Coast, if you're out there in the l 0:07:38.880 --> 0:07:42.200 A area specifically, you know you're seeing this firsthand. They're 0:07:42.240 --> 0:07:45.440 seeing the crisis at its peak like we saw last 0:07:45.480 --> 0:07:48.560 spring here in New York City, and you know this 0:07:48.680 --> 0:07:51.520 is crucial to getting this under control. We've talked about 0:07:51.560 --> 0:07:54.480 the problems with rolling out the vaccines, uh and as 0:07:54.520 --> 0:07:56.560 we've opened up kind of this pigot when it comes 0:07:56.600 --> 0:07:59.800 to who can get it. Now we're seeing supply constraints 0:07:59.880 --> 0:08:03.440 or logistical constraints, and this will be top of mind 0:08:03.560 --> 0:08:05.920 and something that the President and his team will have 0:08:05.960 --> 0:08:08.520 to deal with because this is necessary and crucial in 0:08:08.640 --> 0:08:11.440 order for us to reopen our economy. We got glimmers 0:08:11.440 --> 0:08:13.720 of it over last summer, right when it eased back 0:08:13.760 --> 0:08:15.320 here and we started to see life come back a 0:08:15.360 --> 0:08:17.680 little bit, but then of course fall hit and the 0:08:17.720 --> 0:08:20.680 cold weather hit, and we just it wasn't eradicated. So 0:08:20.720 --> 0:08:24.920 we know we need um, really the mass mass amount 0:08:25.000 --> 0:08:27.040 of the population to get the vaccine in order for 0:08:27.120 --> 0:08:29.640 us to hit her immunity. And Biden has ambitious goals 0:08:29.680 --> 0:08:32.840 a hundred million in the first day of a million 0:08:32.840 --> 0:08:35.920 a day. Yeah, so listen, this, uh, following, all of 0:08:35.960 --> 0:08:38.800 this will go to our team in d C. And 0:08:38.840 --> 0:08:42.440 that incrudes are Amanda Coulson Hurley. She's politics editor at 0:08:42.480 --> 0:08:46.240 Bloomberg business Week. She and her team at the magazine 0:08:46.240 --> 0:08:50.520 will be tracking uh, this new president and his initiatives 0:08:50.520 --> 0:08:53.040 and his agenda. She joins us, by the way, on 0:08:53.080 --> 0:08:55.280 the phone from Washington, d C. Joe Webber is also 0:08:55.320 --> 0:08:57.960 with us, editor of Bloomberg business Week, on the remote 0:08:58.000 --> 0:09:00.600 access from Brooklyn. As we said, and as we said 0:09:00.600 --> 0:09:04.040 four years ago, Joel, it's a new political era. It's 0:09:04.040 --> 0:09:06.040 a new individual at the White House, and that means 0:09:06.040 --> 0:09:09.640 a new agenda, a new agenda, that's right, and you know, 0:09:09.640 --> 0:09:12.760 it all kind of gets started now. And one of 0:09:12.760 --> 0:09:15.960 the things that when we're wrestling with in this issue 0:09:16.000 --> 0:09:19.880 of the magazine is which is our annual the year 0:09:19.960 --> 0:09:23.280 ahead issue is obviously all of the big themes that 0:09:23.400 --> 0:09:26.439 we can expect to be talking about, and and Biden 0:09:26.760 --> 0:09:30.280 and the US government is going to be first and 0:09:30.480 --> 0:09:34.400 foremost on our minds. UM. And that obviously brings us 0:09:34.440 --> 0:09:38.520 to Amanda, who there's a forthcoming story that I thought 0:09:38.640 --> 0:09:42.240 was really well done about UM what we can expect 0:09:42.360 --> 0:09:45.679 from from Biden at the outset here? UM, So a 0:09:45.800 --> 0:09:49.160 little sneak peek from this forthcoming issue, UM, what are 0:09:49.320 --> 0:09:51.960 what are the advantages that Biden inherents and what are 0:09:52.040 --> 0:09:54.760 some of the limitations that that we expect him to 0:09:54.880 --> 0:10:02.400 encounter UM as he attempts, UM to to govern here. Amanda, Yeah, well, UM, 0:10:02.440 --> 0:10:08.640 I think uh Biden is very fortunate in having a 0:10:08.800 --> 0:10:12.440 democratic price ector, right. So, and that is something of 0:10:12.440 --> 0:10:16.400 a surprise, I think UM. Before the Georgia runoffs on 0:10:16.480 --> 0:10:19.800 January five, it was sort of expected that the Republicans 0:10:19.800 --> 0:10:23.000 would hold on to the Senate UM, and that there, 0:10:23.040 --> 0:10:25.240 you know, he would be kind of limited in what 0:10:25.320 --> 0:10:28.880 he could do. But with UM, with the surprise, somewhat 0:10:28.920 --> 0:10:33.520 surprise wins of the Democratic candidates in those runoffs, UM, 0:10:33.640 --> 0:10:37.080 the split in the Senate is now sixty fifty with 0:10:37.920 --> 0:10:42.920 Kamala Harris being the tiebreaker, which means that, um that 0:10:43.000 --> 0:10:47.040 there's more that Biden can do now. Um. So you know, 0:10:47.160 --> 0:10:50.600 he's already said that he uh, you know, unveiled this 0:10:50.720 --> 0:10:55.480 one point nine trillion dollar next round of stimulus that 0:10:55.559 --> 0:10:58.560 he's saying is that's a kind of immediate relief plan, 0:10:58.760 --> 0:11:01.240 and then he wants to do some thing kind of 0:11:01.679 --> 0:11:04.880 you know, even bigger, well not necessarily with a higher 0:11:05.360 --> 0:11:07.679 dollar amount to it, but you know, a kind of 0:11:08.800 --> 0:11:13.359 maybe kind of longer term, deeper type of stimulus afterwards. 0:11:13.440 --> 0:11:16.720 So um. Uh, you know, he has some wind in 0:11:16.840 --> 0:11:19.360 his sales now. But of course he's walking into this job, 0:11:20.240 --> 0:11:25.120 you know, with a pandemic having fiercely uh come back 0:11:25.600 --> 0:11:29.520 and you know, um, worse than ever. We just hit 0:11:29.640 --> 0:11:34.960 a you know, four hundred thousand deaths, a terrible milestone. Um, 0:11:35.040 --> 0:11:38.960 and you know, the economy is still really faltering. So um. 0:11:39.240 --> 0:11:42.679 He certainly has a very tough past for him. Uh. 0:11:42.679 --> 0:11:47.040 The president also is eager to attack climate change. This 0:11:47.080 --> 0:11:49.800 is something that he's made clear during the transition with 0:11:50.000 --> 0:11:53.000 the appointment of John Kerry as his climates are and 0:11:53.080 --> 0:11:55.360 we're seeing on our live blog right now a tweet 0:11:55.440 --> 0:12:02.040 from Gary Cohne, the former Goldman Sachs CEO former Trump advisor, saying, quote, well, 0:12:02.080 --> 0:12:04.319 the Paris Agreement may be far from perfect, it is 0:12:04.360 --> 0:12:06.840 the best available option to tackle one of the greatest 0:12:06.880 --> 0:12:09.359 issues of our time. I'm happy to see the US 0:12:09.400 --> 0:12:13.120 re entering this agreement and asserting global leadership when it 0:12:13.200 --> 0:12:15.840 comes to climate change and the environment. How are you 0:12:15.840 --> 0:12:19.640 thinking about it at Business Week and covering Biden's agenda 0:12:20.040 --> 0:12:23.479 and making sure that the US is at the forefront 0:12:23.520 --> 0:12:29.120 of this. That's a great question, and I um, Joel 0:12:29.200 --> 0:12:31.320 might have some other thoughts on it, but I think 0:12:31.400 --> 0:12:35.640 what's really interesting is UM, probably the way we cover 0:12:35.720 --> 0:12:39.000 it will reflect how I think maybe Biden and the 0:12:39.080 --> 0:12:43.240 Democrats will try to get uh, you know, major climate 0:12:43.320 --> 0:12:47.720 legislation through, which is probably packaging it as you know, 0:12:47.760 --> 0:12:53.640 some measures as a kind of infrastructural improvement UM and 0:12:53.960 --> 0:12:58.480 uh you know, research and development advances UM and the 0:12:58.520 --> 0:13:04.160 green jobs you know. UM. Biden's big climate plan I 0:13:04.200 --> 0:13:06.280 think he called it, Build Back Better is not the 0:13:06.320 --> 0:13:09.000 Green New Deal, but it has kind of some of 0:13:09.000 --> 0:13:14.560 those echoes of of looking at at climate action and 0:13:14.640 --> 0:13:17.520 at the goals of it as not not just being 0:13:18.000 --> 0:13:22.000 you know, reducing emissions at these kind of other benefits 0:13:22.200 --> 0:13:25.559 and at a sort of retooling the economy, right, and 0:13:26.040 --> 0:13:29.960 so I expect that he's going to be hitting those 0:13:29.960 --> 0:13:34.160 notes that he tries to achieve his climate goals and 0:13:34.559 --> 0:13:38.920 will be assessing, you know, what those costs and benefits 0:13:39.000 --> 0:13:42.760 you know, really are to the best of our ability, 0:13:43.760 --> 0:13:46.240 you know. I mean there's a couple other bullet points 0:13:46.280 --> 0:13:49.360 from the issue that I thought were just a great 0:13:49.360 --> 0:13:52.079 little cheat sheet, and just to kind of run through them, 0:13:52.120 --> 0:13:54.520 I think that the ones that were the most interested 0:13:54.520 --> 0:13:57.559 in for the magazine that UM will continue to hit 0:13:57.640 --> 0:14:05.359 in the days, weeks, months, years ahead. UM integration, taxes, healthcare, 0:14:06.400 --> 0:14:12.240 judicial appointments, and political investigations. UM. I want to actually 0:14:12.240 --> 0:14:17.640 just go to healthcare first because this was something that UM, 0:14:17.679 --> 0:14:21.840 you know, he Biden was involved in in the Obama legacy, 0:14:21.920 --> 0:14:25.040 and I'm interested in sort of how what we can 0:14:25.080 --> 0:14:27.400 expect on the healthcare front we think in in these 0:14:27.480 --> 0:14:30.440 next few months. And then also let's let's take the 0:14:30.520 --> 0:14:39.520 judicial appointments. Oh right, yeah, I mean judicial appointment UM 0:14:39.800 --> 0:14:42.520 is going to be an interesting one to watch, I think, 0:14:42.600 --> 0:14:45.560 as we note in the in the magazine, Uh, you know, 0:14:45.720 --> 0:14:49.640 Biden's has will be a lot smoother now, you know, 0:14:49.680 --> 0:14:54.520 with the Senate under Democratic control. Um. So you know, 0:14:55.080 --> 0:14:58.320 if one of the Supreme Court justices were to retire, 0:14:58.720 --> 0:15:01.680 there's already you know at or about maybe Stephen Brier 0:15:01.800 --> 0:15:05.840 stepping down. Um, there will not be a situation, you 0:15:05.840 --> 0:15:08.440 know where there will be a vacant seat for months 0:15:08.440 --> 0:15:12.360 and months. Uh, you know, as there was when President 0:15:12.400 --> 0:15:16.280 Obama nominated A. Marrek's Garland. Um. So uh, you know 0:15:16.400 --> 0:15:20.880 that's going to make Biden's life a lot easier going ahead. Yeah. 0:15:20.920 --> 0:15:25.120 And one thing, you know, I do wonder curious. I'm 0:15:25.120 --> 0:15:29.240 curious to Amanda about Listen, President Trump expect we're expecting 0:15:29.320 --> 0:15:31.320 him to be part of the political scene going forward. 0:15:31.360 --> 0:15:34.280 So how do you think about he's not going to 0:15:34.320 --> 0:15:37.720 be president, but how do you think about some of 0:15:37.720 --> 0:15:41.720 the coverage that might be something you need to think 0:15:41.720 --> 0:15:44.120 about include going forward, or how do you think about 0:15:44.120 --> 0:15:47.400 it at least at this point? Yeah, Well, I mean 0:15:47.960 --> 0:15:51.480 definitely he's not president anymore, and you know, the bar 0:15:51.680 --> 0:15:55.960 for what, uh you know what in the Trump universe 0:15:56.000 --> 0:15:59.000 gets covered, I think becomes that much that much higher. Right, 0:15:59.120 --> 0:16:02.480 But um, you know, he I think it is very 0:16:02.520 --> 0:16:06.640 interesting that he's he's going back to Florida and uh 0:16:06.760 --> 0:16:10.120 reportedly a number of members of his family are also 0:16:10.320 --> 0:16:15.600 looking to you know, locate to Florida, looking for property there. Um. 0:16:16.720 --> 0:16:21.040 He is reportedly thinking about building his presidential library and 0:16:21.160 --> 0:16:26.520 museum in Florida. Um. And there's also um, you know, 0:16:26.600 --> 0:16:30.880 I think some conservative media outlets that are Florida base 0:16:31.000 --> 0:16:34.360 that he if he wanted to have uh more of 0:16:34.400 --> 0:16:37.840 a media presence and megaphone, Um, he could get it there, 0:16:38.000 --> 0:16:41.040 even you know, even though he's been thrown off of 0:16:41.840 --> 0:16:44.320 a lot of social media now. But um, so I 0:16:44.320 --> 0:16:47.080 think it'll be interesting to kind of watch that potentially 0:16:47.200 --> 0:16:50.760 this kind of Trump world take route in this kind 0:16:50.760 --> 0:16:56.680 of other political establishment of Florida. Um. But well, you know, 0:16:56.800 --> 0:16:59.760 certainly be covering. Uh you know, there's still an impeachment 0:17:00.120 --> 0:17:03.840 all to come, and I think, uh, the impeachment trial, 0:17:04.119 --> 0:17:07.000 and it's after Amath might answer. I think, what what 0:17:07.200 --> 0:17:10.320 is a very big question, which is uh, you know, 0:17:10.359 --> 0:17:13.960 in the days after January six, this seems to be 0:17:14.240 --> 0:17:20.240 a huge stain on his presidency and on his allies potentially, 0:17:20.320 --> 0:17:22.560 but maybe you know, it's not going to last forever. 0:17:22.720 --> 0:17:25.920 And how bad is that going to look long term 0:17:25.920 --> 0:17:28.800 bottom line, You guys are going to be busy, no doubt. Amanda, 0:17:28.880 --> 0:17:30.760 thank you so much, really appreciate it. I know it's 0:17:30.760 --> 0:17:32.760 been a busy day for you guys. Amanda Colson Hurley, 0:17:33.040 --> 0:17:36.440 politics Editor Bloomberg Business Week from the nation's capital. Jill Webber, 0:17:36.600 --> 0:17:39.159 Editor at Bloomberg Business Week on the remote acts as 0:17:39.200 --> 0:17:41.960 you can check out more about the year ahead. Uh, 0:17:42.080 --> 0:17:45.400 you name it. When it comes to business, politics, economics, 0:17:45.560 --> 0:17:50.040 it's all in this upcoming issue. This is Bloomberg Business 0:17:50.119 --> 0:17:53.920 Week with Carol Masser and Bloomberg Quick Takes Tim Stinovik 0:17:54.400 --> 0:17:56.639 on Bloomberg Radio. So, Tim, I think it's safe to 0:17:56.680 --> 0:17:58.879 say that we've got two top stories today. Obviously the 0:17:58.920 --> 0:18:00.880 swearing in of a new president into the United States. 0:18:00.920 --> 0:18:03.320 We've covered that. The other the biggest problem that faces 0:18:03.359 --> 0:18:06.080 the Biden administration from day one, and that is the 0:18:06.080 --> 0:18:09.159 health pandemic. Yeah it is um Look, four thousand people 0:18:09.480 --> 0:18:11.520 have died in the United States as a result of 0:18:11.520 --> 0:18:15.120 the pandemic. As you and I mentioned, the economic recovery 0:18:15.200 --> 0:18:19.280 inextricably linked to the successful rollout of the vaccines. Carol, 0:18:19.520 --> 0:18:21.560 is such a shame that the vaccines were developed at 0:18:21.560 --> 0:18:24.320 record pace, but the rollout has been so bumpy and 0:18:24.400 --> 0:18:26.320 we can only hope that it gets smoother. And it's 0:18:26.320 --> 0:18:27.800 not a day where we had a story. You and 0:18:27.840 --> 0:18:30.200 I both saw it. New York City rescheduling twenty three 0:18:30.320 --> 0:18:35.000 thousand vaccine appointments due to shortages, that supply shortage. Let's 0:18:35.040 --> 0:18:37.119 get to someone who's been a go to voice for 0:18:37.240 --> 0:18:40.240 us often. He oversees the largest healthcare provider and private 0:18:40.240 --> 0:18:43.280 employer in New York State back with us as Michael Dowling, 0:18:43.320 --> 0:18:46.359 President CEO at Northwill Health. He's also author of the 0:18:46.359 --> 0:18:49.359 book Leading Through a Pandemic, The Inside story of Humanity, 0:18:49.400 --> 0:18:52.480 Innovation and lessons learned during the COVID nineteen talk about 0:18:52.840 --> 0:18:55.439 creating the playbook. As we go, he joins us on 0:18:55.480 --> 0:18:58.520 the phone once again from New Hyde Park, New York. Michael, 0:18:58.600 --> 0:19:00.600 nice to have you back. How are you and how's 0:19:00.600 --> 0:19:03.760 your team doing? Thank you so much. I'm devided to 0:19:03.800 --> 0:19:06.520 be with you. We're doing well and the team is 0:19:07.160 --> 0:19:10.879 doing well. And I've been at this, you know, COVID 0:19:10.960 --> 0:19:13.040 edition now for a long long time. But health care 0:19:13.080 --> 0:19:17.320 workers are very resilient and we're doing well and positive 0:19:17.359 --> 0:19:21.000 morale and obviously looking forward to being able to vaccinate 0:19:21.000 --> 0:19:23.080 as many as people as we possibly can now. But 0:19:23.119 --> 0:19:28.040 are you seeing shortages when it comes to access to vaccines? Yes, 0:19:28.160 --> 0:19:30.800 I mean we have we have the infrastructure is in place, 0:19:31.160 --> 0:19:33.840 which takes a couple of weeks to set up. We 0:19:33.920 --> 0:19:39.320 have multiple sites available to do vaccinations, but we don't 0:19:39.320 --> 0:19:44.040 have enough supply. And hopefully if we get the supply, 0:19:44.440 --> 0:19:47.480 and I'm hoping now with no leadership in Washington, that 0:19:47.520 --> 0:19:50.840 there will be a change there. But we can vaccinate 0:19:50.920 --> 0:19:53.919 a lot more each day if we know that we 0:19:54.000 --> 0:19:57.399 have the supply and we know when it's coming. Uh. 0:19:57.400 --> 0:19:59.920 And that's the only restriction at the moment, I mean more. 0:20:00.160 --> 0:20:03.359 Most of the other stopped up problems that maybe we 0:20:03.400 --> 0:20:05.480 may have had a month ago, three weeks ago have 0:20:05.560 --> 0:20:09.680 been resolved and today it's a matter of getting enough vaccines. Well, 0:20:09.720 --> 0:20:11.639 speaking of that, we learned earlier today the New York 0:20:11.680 --> 0:20:14.760 City has had to reschedule twenty three vaccine appointments due 0:20:14.800 --> 0:20:18.920 to a shortage. Um, what happens if somebody gets their 0:20:19.000 --> 0:20:24.720 second dose late? Well, you do have UM, I do 0:20:24.840 --> 0:20:29.199 have a couple of days of leeway here, and um, 0:20:29.880 --> 0:20:32.560 we should be doing everything possible to make sure that 0:20:32.600 --> 0:20:35.000 the people get the second doors around the tent that 0:20:35.000 --> 0:20:37.240 they're supposed to get it. So what I'm doing here 0:20:38.040 --> 0:20:41.639 and not well is that I am reserving doses for 0:20:41.760 --> 0:20:44.960 the second I'm reserving vaccines so I can guarantee the 0:20:45.000 --> 0:20:47.200 people that if they get the first doors, I will 0:20:47.280 --> 0:20:51.280 have the vaccine in place to give them the second doors. Um. Uh, 0:20:52.040 --> 0:20:54.720 that that's the way I believe they should be done, 0:20:54.760 --> 0:20:58.240 so we can guarantee when people come in that will 0:20:58.240 --> 0:21:01.960 be enough available for them to get the second doors. Um. 0:21:02.800 --> 0:21:05.600 I don't. I believe that it's the right way to 0:21:05.680 --> 0:21:08.560 do it. It's I believe the science supports it doing 0:21:08.600 --> 0:21:12.760 this way. And Uh, if you don't get the second 0:21:12.760 --> 0:21:15.119 doors at all, I don't. I don't know you have 0:21:15.200 --> 0:21:17.160 some immunity, but we don't know how long it's going 0:21:17.200 --> 0:21:19.080 to last, and we don't know how effective it's going 0:21:19.119 --> 0:21:22.000 to be. I don't think it's a transport taking Michael. 0:21:22.119 --> 0:21:24.000 You know, I'm gonna go Tom Keene on everybody for 0:21:24.040 --> 0:21:26.760 a moment. Uh, Tom Keen or we love Tom Keene 0:21:26.760 --> 0:21:31.439 of Blueberg Surveillance. Um, you run a massive hospital system, 0:21:31.480 --> 0:21:33.960 healthcare system. You can pick up the phone and call 0:21:34.119 --> 0:21:38.360 a CEO of Fightser or you know Maderna and say, 0:21:38.400 --> 0:21:41.840 what's the problem. What is the hold up in terms 0:21:41.840 --> 0:21:45.720 of getting more manufacturing of vaccines? Is that we don't 0:21:45.760 --> 0:21:48.200 have the factories? Is it that we don't have the bottles? 0:21:48.240 --> 0:21:51.000 Do we not have the needles? What is it? And 0:21:51.040 --> 0:21:53.879 what do you hear? I well, I hear that the 0:21:53.920 --> 0:21:58.480 production process is being accelerated, and we hear that there 0:21:58.480 --> 0:22:00.800 will be many more vaccines made available now in the 0:22:00.840 --> 0:22:03.920 next couple of weeks and hopefully even sooner than that. 0:22:04.520 --> 0:22:07.280 I have not spoken to any of the farmer companies 0:22:07.400 --> 0:22:12.280 directly and or personally. I believe that this point that's 0:22:12.320 --> 0:22:15.280 what the Sell government was doing and working with him 0:22:15.320 --> 0:22:18.920 closely hopefully. UM So, I don't know the exact reason 0:22:19.000 --> 0:22:20.840 why it has been a little bit so off at 0:22:20.880 --> 0:22:24.480 this point. But remember also if you go back, it's 0:22:24.480 --> 0:22:27.399