1 00:00:02,120 --> 00:00:06,360 Speaker 1: Live from our nation's capital. This is Bloomberg Sound on 2 00:00:07,560 --> 00:00:12,200 Speaker 1: the UNITEDS can never default on dis legal obligation. To 3 00:00:12,280 --> 00:00:16,560 Speaker 1: do so would have catastrophic economic counterparts. We've been waiting 4 00:00:16,560 --> 00:00:20,040 Speaker 1: to over the line on foreign market people wanted. Great 5 00:00:20,120 --> 00:00:25,000 Speaker 1: job Floomberg Sound on politics, policy and perspective from DC's 6 00:00:25,040 --> 00:00:29,160 Speaker 1: top name for sad under Palace. Leadership has basically shown 7 00:00:29,200 --> 00:00:32,720 Speaker 1: the banks to test in advance. Mobilizing the business community 8 00:00:33,000 --> 00:00:36,640 Speaker 1: is a really good thing to do, yea Sploomberg sound 9 00:00:36,680 --> 00:00:42,760 Speaker 1: on with Joe Matthew on Bloomberg Radio. So is this it? 10 00:00:42,840 --> 00:00:46,360 Speaker 1: Is this the deal everyone's been waiting for, talking about 11 00:00:46,440 --> 00:00:50,600 Speaker 1: for months. President Biden and Speaker Nancy Pelosi say yes. 12 00:00:51,040 --> 00:00:54,000 Speaker 1: Even some progressive Democrats say they're on board, but not 13 00:00:54,040 --> 00:00:55,920 Speaker 1: all of them. And we still do not know if 14 00:00:55,960 --> 00:00:59,720 Speaker 1: the House is going to vote on infrastructure tonight. As 15 00:00:59,760 --> 00:01:02,280 Speaker 1: the Resident is urging, welcome to the fastest hour in 16 00:01:02,320 --> 00:01:05,440 Speaker 1: politics on Bloomberg Radio. You will want to buckle up 17 00:01:05,440 --> 00:01:07,440 Speaker 1: for this when his headlines are still flying at this 18 00:01:07,480 --> 00:01:09,479 Speaker 1: hour and we're gonna get the latest from Capitol Hill 19 00:01:09,920 --> 00:01:13,800 Speaker 1: from Bloomberg. Government's Jack Fitzpatrick will seek perspective from Terry 20 00:01:13,880 --> 00:01:17,880 Speaker 1: Haynes at Panjia Policy Classic Panel. Today, we have Bloomberg 21 00:01:17,920 --> 00:01:21,199 Speaker 1: Politics contributors Jeanie Schanzano and Rick Davis for the hour, 22 00:01:21,840 --> 00:01:24,240 Speaker 1: and later we're gonna focus on the Virginia governor's race 23 00:01:24,280 --> 00:01:27,240 Speaker 1: with the Mayor of Richmond of our stony as we 24 00:01:27,280 --> 00:01:29,800 Speaker 1: now dive into the latest here inside the bubble. This 25 00:01:29,880 --> 00:01:34,400 Speaker 1: is the Washington corner of the metaverse. President Biden now 26 00:01:34,400 --> 00:01:37,080 Speaker 1: on his way to roam for the G twenty and 27 00:01:37,160 --> 00:01:40,280 Speaker 1: later the U N Climate Summit, after visiting Capitol Hill 28 00:01:40,360 --> 00:01:43,679 Speaker 1: this morning and then addressing Americans on what is a 29 00:01:43,760 --> 00:01:47,680 Speaker 1: one point seven five trillion dollar framework agreements. No one 30 00:01:47,760 --> 00:01:52,280 Speaker 1: got everything they wanted, including me. But that's what compromises. 31 00:01:53,120 --> 00:01:57,520 Speaker 1: That's consensus, and that's what I ran on. I've long 32 00:01:57,600 --> 00:02:00,800 Speaker 1: said compromise and consensus of the old way to get 33 00:02:00,880 --> 00:02:05,440 Speaker 1: big things done in a democracy, important things done for 34 00:02:05,480 --> 00:02:10,400 Speaker 1: the country. Compromise, and by that we mean yes to 35 00:02:10,560 --> 00:02:13,760 Speaker 1: universal pre K, Yes to extending the child tax credit 36 00:02:13,800 --> 00:02:17,239 Speaker 1: through next year. Yes to more than half a trillion 37 00:02:17,280 --> 00:02:22,160 Speaker 1: dollars in climate provisions, but no to expanding Medicare to 38 00:02:22,320 --> 00:02:26,200 Speaker 1: include dental and vision, no prescription drug pricing plan, and 39 00:02:26,280 --> 00:02:31,120 Speaker 1: no paid leave, and while some progressive Democrats are not 40 00:02:31,240 --> 00:02:34,919 Speaker 1: happy about that, Congresswoman promill A giant Paul, the chair 41 00:02:34,960 --> 00:02:38,440 Speaker 1: of the Progressive Caucus, is not talking like one of them. 42 00:02:38,520 --> 00:02:41,840 Speaker 1: We are really proud of the President and of our 43 00:02:41,880 --> 00:02:45,480 Speaker 1: Progressive Caucus and our progressive allies for getting so many 44 00:02:45,639 --> 00:02:49,200 Speaker 1: of our big priorities into the framework that was laid 45 00:02:49,240 --> 00:02:52,720 Speaker 1: out to us today. Okay, sentiments also echoed by a 46 00:02:52,760 --> 00:02:56,680 Speaker 1: member of the squad, Congresswoman Ellen Omar As a caucus, 47 00:02:56,720 --> 00:02:59,480 Speaker 1: the Progressive Caucus is happy with this framework and we 48 00:02:59,560 --> 00:03:04,079 Speaker 1: are willing to to, you know, see it through. She 49 00:03:04,160 --> 00:03:06,600 Speaker 1: went on to say that President Biden has got the 50 00:03:06,680 --> 00:03:10,280 Speaker 1: buy in from the House caucus, but does that mean 51 00:03:10,320 --> 00:03:13,040 Speaker 1: they will vote on infrastructure tonight as the President is urging? 52 00:03:13,080 --> 00:03:16,520 Speaker 1: Maybe not. Let's get to Bloomberg Government's Jack Fitzpatrick for 53 00:03:16,560 --> 00:03:18,400 Speaker 1: the latest on Capitol Hill. He's been in the middle 54 00:03:18,400 --> 00:03:20,840 Speaker 1: of this all day. Jack, Thanks for being here. What 55 00:03:20,840 --> 00:03:25,679 Speaker 1: are you hearing? Yeah, so, really, the progressive position has 56 00:03:25,760 --> 00:03:30,600 Speaker 1: not changed despite some disappointments, and will probably hear about 57 00:03:30,639 --> 00:03:35,560 Speaker 1: disappointments more from progressives, about the likelihood of immigration measures 58 00:03:35,600 --> 00:03:38,160 Speaker 1: having to get pulled out of this, about any back 59 00:03:38,160 --> 00:03:40,240 Speaker 1: and forth with the Senate and the Bird rule and 60 00:03:40,280 --> 00:03:43,440 Speaker 1: all of that. The Progressives are standing their ground and saying, 61 00:03:43,480 --> 00:03:47,000 Speaker 1: this is good enough for the Reconciliation bill, We like it. 62 00:03:47,440 --> 00:03:51,760 Speaker 1: We are not going to support, uh, the infrastructure bill. 63 00:03:52,000 --> 00:03:55,840 Speaker 1: That's not unanimous among progressives, but it's definitely enough to 64 00:03:56,000 --> 00:04:00,440 Speaker 1: block the infrastructure bill unless a bunch of Republicans got 65 00:04:00,480 --> 00:04:02,920 Speaker 1: on board with that in the House. So they're still 66 00:04:02,920 --> 00:04:06,280 Speaker 1: holding it up as as we speak, uh, And they're 67 00:04:06,280 --> 00:04:10,160 Speaker 1: doing it in favor of the Reconciliation bill despite some disappointment. 68 00:04:10,480 --> 00:04:13,520 Speaker 1: That's the main thing. So they're still kind of struggling, 69 00:04:13,640 --> 00:04:16,680 Speaker 1: struggling to get leaders to put both of these two 70 00:04:16,720 --> 00:04:19,000 Speaker 1: bills on the same track to try to pass them 71 00:04:19,040 --> 00:04:21,480 Speaker 1: in the House at roughly the same time. So was 72 00:04:21,560 --> 00:04:25,119 Speaker 1: Congresswoman Jia Paul trying to lead her caucus into saying 73 00:04:25,200 --> 00:04:27,359 Speaker 1: yes or are they not all on the same page? 74 00:04:27,680 --> 00:04:31,960 Speaker 1: In that corner of the Democratic membership, they seem to 75 00:04:31,960 --> 00:04:35,320 Speaker 1: be pretty solid. There was some grumbling coming out about 76 00:04:35,880 --> 00:04:40,680 Speaker 1: again the uncertainty on immigration measures, and progressives have had 77 00:04:40,720 --> 00:04:43,520 Speaker 1: to watch their you know, six trillion dollar number going 78 00:04:43,800 --> 00:04:46,520 Speaker 1: down to three and a half trillion, and they've made 79 00:04:46,560 --> 00:04:50,520 Speaker 1: some compromises, but you know, Congressoman Gia Paul said, it's 80 00:04:50,560 --> 00:04:53,719 Speaker 1: possible that ultimately this will get unanimous support from the 81 00:04:53,720 --> 00:04:56,760 Speaker 1: Progressive Caucus, So it seems like they are behind her, 82 00:04:57,320 --> 00:05:01,839 Speaker 1: including numbers of the squad. UH. Congress Woman Omar Conngressoroman 83 00:05:02,120 --> 00:05:06,039 Speaker 1: Corey Bush echoed exactly what Jaia Paul had to say 84 00:05:06,040 --> 00:05:09,960 Speaker 1: about that. The issue is, can they get assurances that 85 00:05:10,000 --> 00:05:12,760 Speaker 1: the Senate will end up passing this reconciliation bill and 86 00:05:12,839 --> 00:05:16,240 Speaker 1: they move that forward, and do they hold firm and 87 00:05:16,360 --> 00:05:20,080 Speaker 1: continue to oppose the infrastructure bill as they try to 88 00:05:20,240 --> 00:05:22,839 Speaker 1: link that to this reconciliation bill. It sounds like no 89 00:05:22,960 --> 00:05:26,960 Speaker 1: vote tonight, Jack. That's the way it's looking. And let 90 00:05:27,120 --> 00:05:29,960 Speaker 1: something really break. All right, You've got the latest from 91 00:05:29,960 --> 00:05:32,920 Speaker 1: the man Bloomberg Government's Jack Fitzpatrick. We thank you Jack 92 00:05:33,120 --> 00:05:35,440 Speaker 1: for joining us on a busy day. I was wondering 93 00:05:35,480 --> 00:05:36,760 Speaker 1: if it was going to be a late night on 94 00:05:36,800 --> 00:05:39,919 Speaker 1: the tax component, by the way, no billionaires tax, no 95 00:05:40,040 --> 00:05:44,560 Speaker 1: tax on unrealized gains. But there is the fiftent minimum 96 00:05:44,560 --> 00:05:47,200 Speaker 1: corporate tax in this framework and a one percent tax 97 00:05:47,240 --> 00:05:51,240 Speaker 1: on stock by backs. Also a surtax on millionaires those 98 00:05:51,360 --> 00:05:55,960 Speaker 1: making over ten million dollars a year for analysis on 99 00:05:56,000 --> 00:05:58,240 Speaker 1: everything that has happened so far. Today we turned to 100 00:05:58,360 --> 00:06:03,800 Speaker 1: Terry Haynes, founder of Pangaea Policy, whose note to clients 101 00:06:03,800 --> 00:06:13,240 Speaker 1: this morning was headlined Washington's Show about Nothing. You know 102 00:06:13,279 --> 00:06:18,440 Speaker 1: where I'm going. As Terry shares or reminds us, pointing 103 00:06:18,480 --> 00:06:21,560 Speaker 1: us back to his Sunday predictions, the new Biden framework, 104 00:06:21,560 --> 00:06:24,360 Speaker 1: he writes, ends up the same as the old framework, 105 00:06:25,080 --> 00:06:27,600 Speaker 1: The new boss same as the old boss. I added 106 00:06:27,600 --> 00:06:31,280 Speaker 1: that where now he writes in at least the third iteration, 107 00:06:31,360 --> 00:06:34,159 Speaker 1: Democrats don't have anything and are not close to getting 108 00:06:34,200 --> 00:06:39,839 Speaker 1: anything on the human infrastructure idea, which we can't call legislation, 109 00:06:39,880 --> 00:06:42,480 Speaker 1: he says, because it's not close enough to have specific language. 110 00:06:42,480 --> 00:06:44,159 Speaker 1: That is one thing I have been reminding everybody of 111 00:06:44,240 --> 00:06:45,960 Speaker 1: all day. You've got a framework here, you do not 112 00:06:46,440 --> 00:06:50,760 Speaker 1: have a bill. Let's see how he's feeling now. Terry Haynes, 113 00:06:50,800 --> 00:06:52,960 Speaker 1: Welcome back to Bloomberg Radio. It's great to have you 114 00:06:53,000 --> 00:06:55,000 Speaker 1: on this day of all days. Is this still a 115 00:06:55,040 --> 00:07:00,679 Speaker 1: show about nothing? Uh? Thank you for you for the music. 116 00:07:00,839 --> 00:07:06,359 Speaker 1: Uh much the the yeah, I think it is. You 117 00:07:06,400 --> 00:07:09,920 Speaker 1: know what. The twists and turns that were just described 118 00:07:10,440 --> 00:07:13,880 Speaker 1: very accurately around this. U. The sound of a House 119 00:07:13,920 --> 00:07:18,520 Speaker 1: party twists the House Democratic Party anyway, twisting themselves into 120 00:07:18,600 --> 00:07:21,520 Speaker 1: irrelevance because uh, you know, this is not going to 121 00:07:21,640 --> 00:07:24,800 Speaker 1: happen anytime soon. It's certainly not gonna happen tonight. It's 122 00:07:24,840 --> 00:07:27,920 Speaker 1: they're gonna take some time to vet. They're gonna want 123 00:07:28,640 --> 00:07:31,560 Speaker 1: democratic assurances that the thing can get past in the Senate, 124 00:07:31,560 --> 00:07:35,800 Speaker 1: which of course involved um, you know, you have you know, 125 00:07:35,920 --> 00:07:39,560 Speaker 1: the same as Senator's mansion and cinema who will go 126 00:07:39,640 --> 00:07:42,160 Speaker 1: over this with a fine tooth comb. And you know, 127 00:07:42,480 --> 00:07:44,600 Speaker 1: for every mansion in cinema, there's at least a few 128 00:07:44,600 --> 00:07:48,720 Speaker 1: others that are uh, that are more quietly behind the scenes. 129 00:07:48,960 --> 00:07:54,160 Speaker 1: And then you've got a lot of bipartisan uh concern uh, 130 00:07:54,520 --> 00:07:57,920 Speaker 1: particularly from Democrats among the centrists, people like Mark Warner 131 00:07:57,960 --> 00:08:00,560 Speaker 1: of Virginia and the like saying, look, you know we 132 00:08:00,560 --> 00:08:04,880 Speaker 1: we you know, we do task policy quick. Uh. It 133 00:08:04,960 --> 00:08:07,640 Speaker 1: doesn't turn out well at all. Uh, they're gonna want 134 00:08:07,640 --> 00:08:09,360 Speaker 1: to put the brakes on this for a little while 135 00:08:09,400 --> 00:08:12,200 Speaker 1: and try to trying to fine tune the thing. So 136 00:08:12,680 --> 00:08:15,760 Speaker 1: net net, how I think this, how I think this 137 00:08:15,800 --> 00:08:19,480 Speaker 1: works is you know, for the basically the third straight 138 00:08:19,560 --> 00:08:24,360 Speaker 1: month House Democrats twisting themselves into a pretzel, uh and 139 00:08:24,560 --> 00:08:27,120 Speaker 1: making it that much more likely that people who drive, 140 00:08:27,480 --> 00:08:30,880 Speaker 1: who drive a train towards the final one point five 141 00:08:30,960 --> 00:08:33,560 Speaker 1: to two trillion number are people like Mansion in Cinema 142 00:08:33,600 --> 00:08:36,599 Speaker 1: instead of them. So they're gonna end up having to 143 00:08:36,600 --> 00:08:39,280 Speaker 1: swallow whatever the Senate does, and it's centuple is probably 144 00:08:39,320 --> 00:08:41,520 Speaker 1: not this well. So when, if ever, will there be 145 00:08:41,600 --> 00:08:46,280 Speaker 1: a House vote on infrastructure terry? Which one I call 146 00:08:46,360 --> 00:08:48,360 Speaker 1: the one all the one real infrastructure, and the other 147 00:08:50,520 --> 00:08:53,760 Speaker 1: I don't. I I think what what progressives have learned? 148 00:08:53,960 --> 00:08:58,320 Speaker 1: And you know, in my two senses that politically, um, 149 00:08:58,360 --> 00:09:00,880 Speaker 1: you know, they've they've needed to learn the hard truth 150 00:09:01,080 --> 00:09:04,760 Speaker 1: that they can't actually dictate policy even among the Democratic 151 00:09:04,800 --> 00:09:08,920 Speaker 1: Party and in the House or the Senate. Um, you know, 152 00:09:09,000 --> 00:09:12,959 Speaker 1: I I think they they understand that the Real Infrastructure 153 00:09:12,960 --> 00:09:15,600 Speaker 1: Bill or the fIF as something people call it, is 154 00:09:16,160 --> 00:09:19,280 Speaker 1: pretty much the only leverage they have remaining and they 155 00:09:19,400 --> 00:09:21,880 Speaker 1: don't need to be many of them in order to 156 00:09:22,000 --> 00:09:24,760 Speaker 1: hold the thing up. So you know, my money to 157 00:09:24,760 --> 00:09:26,959 Speaker 1: tonight would be to hold it would be that they 158 00:09:26,960 --> 00:09:29,760 Speaker 1: hold it up for a while, and uh, you know, 159 00:09:29,800 --> 00:09:33,120 Speaker 1: they'll go back to back through these complicated negotiations between 160 00:09:33,120 --> 00:09:35,240 Speaker 1: the House and the Senate, but that are not likely 161 00:09:35,280 --> 00:09:37,199 Speaker 1: to lead to anything, and near as I can tell, 162 00:09:37,200 --> 00:09:40,920 Speaker 1: the Senate's ignoring, so you know, they're talking to themselves. 163 00:09:41,200 --> 00:09:43,520 Speaker 1: Joe Biden left to go to the UN Climate Summit. 164 00:09:43,520 --> 00:09:45,320 Speaker 1: He's going to stop through Rome for the g twinning 165 00:09:45,360 --> 00:09:47,719 Speaker 1: on the way. All the stories were we he's got 166 00:09:47,720 --> 00:09:50,560 Speaker 1: to have something to bring with him to show. What 167 00:09:50,600 --> 00:09:53,320 Speaker 1: does he have to show next week? Um, I don't 168 00:09:53,360 --> 00:09:56,280 Speaker 1: think much of anything, and I think it was down tactically. 169 00:09:56,360 --> 00:09:57,880 Speaker 1: It was a mistake for the White House to make 170 00:09:57,920 --> 00:10:01,640 Speaker 1: this all about the Climate Summit. It was clear that well, 171 00:10:01,679 --> 00:10:03,080 Speaker 1: one of the things that was going to happen is 172 00:10:03,080 --> 00:10:05,400 Speaker 1: you're gonna get less and less and less on climate. 173 00:10:06,000 --> 00:10:08,200 Speaker 1: The White House itself had already pivoted to saying that 174 00:10:08,240 --> 00:10:10,120 Speaker 1: the main thrust of what they wanted to do on 175 00:10:10,240 --> 00:10:13,000 Speaker 1: climate was going to be regulatory and not dependent on 176 00:10:13,000 --> 00:10:16,439 Speaker 1: this bill anyway. So you know, it's one thing that 177 00:10:16,720 --> 00:10:19,040 Speaker 1: you know, there's there's sizzle and their stake of course, 178 00:10:19,200 --> 00:10:22,240 Speaker 1: and you know, and you know part of politics as sizzle, 179 00:10:22,280 --> 00:10:24,440 Speaker 1: as you know, but you gotta have sizzle for a 180 00:10:24,480 --> 00:10:27,280 Speaker 1: purpose and sizzle for a to lead your way to 181 00:10:27,360 --> 00:10:30,640 Speaker 1: a result for the White House. Politically, this is needed, 182 00:10:31,720 --> 00:10:35,200 Speaker 1: you wrote on Sunday, and then again reminding us this morning. 183 00:10:35,559 --> 00:10:39,040 Speaker 1: This is market positive since it means no new taxes 184 00:10:39,480 --> 00:10:41,760 Speaker 1: with what you know now about this tax component, the 185 00:10:41,800 --> 00:10:45,560 Speaker 1: minimum tax, the buy backs, the sir tax on millionaires. 186 00:10:45,600 --> 00:10:49,360 Speaker 1: Do you still feel the same way? Yeah? I do, because, uh, 187 00:10:49,800 --> 00:10:51,559 Speaker 1: you know, we're still in the early innings and all 188 00:10:51,600 --> 00:10:56,800 Speaker 1: this stuff. The stuff gets talked about loosely in Washington 189 00:10:56,840 --> 00:10:59,160 Speaker 1: and elsewhere as if it's somehow close to being a 190 00:10:59,559 --> 00:11:02,040 Speaker 1: done thee, when in fact it's only just started. I 191 00:11:02,080 --> 00:11:03,839 Speaker 1: mean there's and again, as you just pointed out a 192 00:11:03,880 --> 00:11:06,079 Speaker 1: minute ago, there's no flesh on these bones at all. 193 00:11:06,520 --> 00:11:09,160 Speaker 1: And the more flesh there are on these bones, if personally, 194 00:11:09,200 --> 00:11:11,200 Speaker 1: the longer it will take. And secondly, it will be 195 00:11:11,240 --> 00:11:15,199 Speaker 1: harder to convince people in at Sate. You know, every 196 00:11:15,200 --> 00:11:19,480 Speaker 1: senator is a potential, uh problem, and you end up 197 00:11:19,480 --> 00:11:21,640 Speaker 1: having to play whack a mole in the House with 198 00:11:21,679 --> 00:11:24,520 Speaker 1: the tiny majority the same same sort of thing. Uh. 199 00:11:24,920 --> 00:11:27,440 Speaker 1: I always remind people what happened ten years ago, eleven 200 00:11:27,480 --> 00:11:31,079 Speaker 1: years ago with what became what became known as the 201 00:11:31,120 --> 00:11:33,959 Speaker 1: Affordable Care Act, which was something like six months from 202 00:11:33,960 --> 00:11:36,120 Speaker 1: the time the House passed the bill to a time 203 00:11:36,160 --> 00:11:39,760 Speaker 1: when it actually became golong. So uh yeah, we're this 204 00:11:39,800 --> 00:11:41,880 Speaker 1: is this is early ending. It's gonna take a long time. 205 00:11:42,559 --> 00:11:44,920 Speaker 1: Terry Haynes, really glad you could be with us today 206 00:11:44,960 --> 00:11:48,720 Speaker 1: and bringing your experience to this entire story. The founder 207 00:11:48,760 --> 00:11:52,440 Speaker 1: of Pangea Policy coming up. We assemble the panel and 208 00:11:52,480 --> 00:11:57,440 Speaker 1: get there. Take Rick and Genie, this is Bloomberg. You're 209 00:11:57,520 --> 00:12:02,720 Speaker 1: listening to Bloomberg Sound On with Joe Matthew on Bluebird Radio. 210 00:12:04,800 --> 00:12:09,240 Speaker 1: On the terminal. Biden warns Democrats his presidency hinges on 211 00:12:09,400 --> 00:12:13,120 Speaker 1: agenda deal and that was the line apparently from behind 212 00:12:13,200 --> 00:12:16,600 Speaker 1: closed doors this morning. President Biden House Democrats all in 213 00:12:16,679 --> 00:12:19,840 Speaker 1: one room as he headed up to Capitol Hill before 214 00:12:19,880 --> 00:12:22,560 Speaker 1: the big trip to Europe, said his presidency and by 215 00:12:22,600 --> 00:12:25,480 Speaker 1: the way, their Democratic majorities in the House and Senate 216 00:12:25,720 --> 00:12:30,280 Speaker 1: are writing on this depending on passage of the economic agenda. 217 00:12:30,960 --> 00:12:35,920 Speaker 1: Still unclear though, whether the warning will unite the party's factions, 218 00:12:35,920 --> 00:12:40,920 Speaker 1: and that remains the case at this hour. The significant 219 00:12:40,920 --> 00:12:44,560 Speaker 1: set of investments that will be transformational. You heard earlier 220 00:12:44,760 --> 00:12:48,440 Speaker 1: this hour from prominent Giapaul ahead of the Progressive Caucus. 221 00:12:48,440 --> 00:12:52,760 Speaker 1: She said, we intend to vote for both bills when 222 00:12:52,800 --> 00:12:57,160 Speaker 1: the text is ready, Madam Speaker, For those who said 223 00:12:57,160 --> 00:13:00,600 Speaker 1: I want to see text, the text is there for 224 00:13:00,720 --> 00:13:03,640 Speaker 1: you to review, for you to complain about, for you 225 00:13:03,679 --> 00:13:06,920 Speaker 1: to add to, for subpract from whatever it is, and 226 00:13:06,960 --> 00:13:11,000 Speaker 1: we'll see what consensus emerges from that. But we're really 227 00:13:11,080 --> 00:13:13,800 Speaker 1: very much on a path. Okay, but what about the 228 00:13:13,880 --> 00:13:17,840 Speaker 1: infrastructure bill? But by part is an infrastructure bill, President 229 00:13:17,880 --> 00:13:22,040 Speaker 1: Biden urging them to vote on it tonight. Are you 230 00:13:22,040 --> 00:13:25,760 Speaker 1: holding an infrastructure vote today? Are you on an infrastructure 231 00:13:27,040 --> 00:13:36,480 Speaker 1: This is right as Speaker Pelosi's leaving the podium. Nothing 232 00:13:36,480 --> 00:13:41,120 Speaker 1: on that. So let's bring in the panel. Bloomberg Politics 233 00:13:41,160 --> 00:13:44,920 Speaker 1: contributors Genie Chantano and Rick Davis are with us. Good 234 00:13:44,920 --> 00:13:47,320 Speaker 1: thing you guys are both here. All right, Genie the 235 00:13:47,360 --> 00:13:50,840 Speaker 1: Democrat on the panel, you're excited about the framework? Is 236 00:13:50,840 --> 00:13:53,160 Speaker 1: this is what you've been waiting for. All I have 237 00:13:53,200 --> 00:13:55,120 Speaker 1: to say is Sanders said he's not even sure it's 238 00:13:55,120 --> 00:13:57,920 Speaker 1: a framework. It's for like an outline. And the clip 239 00:13:58,000 --> 00:14:01,280 Speaker 1: you just played from Nancy Pelosi, I'm not sure what 240 00:14:01,480 --> 00:14:05,400 Speaker 1: she's talking about because the text is not there. I mean, 241 00:14:05,480 --> 00:14:08,840 Speaker 1: that's the whole point for progressives, and who can blame them? 242 00:14:08,880 --> 00:14:12,240 Speaker 1: You know. Rashida Talib said, hell no, they will not 243 00:14:12,440 --> 00:14:16,040 Speaker 1: vote on this until they see text because they do 244 00:14:16,120 --> 00:14:19,680 Speaker 1: not trust Mansion in cinema too, and Mansion insid a 245 00:14:19,800 --> 00:14:22,600 Speaker 1: very clear that they may make changes, So why would they? 246 00:14:22,680 --> 00:14:26,080 Speaker 1: So the President I think gambled a huge amount by 247 00:14:26,120 --> 00:14:28,880 Speaker 1: going up there and making the case that his presidency 248 00:14:28,960 --> 00:14:32,000 Speaker 1: is on the line and then making this public speech. 249 00:14:32,720 --> 00:14:35,680 Speaker 1: And what they have is sure an outline or a framework, 250 00:14:35,760 --> 00:14:38,200 Speaker 1: but it is not text. And she can put it 251 00:14:38,280 --> 00:14:40,720 Speaker 1: up for a vote. Pelosi can, but everybody counting the 252 00:14:40,800 --> 00:14:43,680 Speaker 1: votes says if she does, she's not going to get 253 00:14:43,680 --> 00:14:45,920 Speaker 1: it past. Maybe she does it to make the progressives 254 00:14:45,920 --> 00:14:48,920 Speaker 1: look like they're responsible for the downfall of his presidency, 255 00:14:48,960 --> 00:14:51,480 Speaker 1: but she said before she won't put it up without 256 00:14:51,520 --> 00:14:54,200 Speaker 1: unless she can pass it. So I'm I'm, you know, 257 00:14:54,280 --> 00:14:58,040 Speaker 1: at a loss of words here. Wow, alright, So Rick, 258 00:14:58,520 --> 00:15:01,720 Speaker 1: are we in the same place we were this time yesterday? 259 00:15:02,680 --> 00:15:04,760 Speaker 1: You know, I think it's made a lot of progress, 260 00:15:04,800 --> 00:15:08,880 Speaker 1: And I think the point is that that what President 261 00:15:08,880 --> 00:15:11,520 Speaker 1: Biden did today, I think it was meaningful, which is 262 00:15:11,520 --> 00:15:13,640 Speaker 1: he laid it at the doorstep of his caucus in 263 00:15:13,720 --> 00:15:17,440 Speaker 1: Congress and said, my presidency is now in your hands. 264 00:15:17,760 --> 00:15:21,080 Speaker 1: I'm going to Rome, get some pasta, have some meatballs. 265 00:15:21,440 --> 00:15:23,920 Speaker 1: I mean, like, you know, it's like dropped the mic 266 00:15:24,040 --> 00:15:26,640 Speaker 1: moment for him, right, I mean, he basically said to 267 00:15:26,720 --> 00:15:31,480 Speaker 1: Congress Schumer Pelosi, I'm done. This is the policy. That's 268 00:15:31,560 --> 00:15:35,360 Speaker 1: no more negotiating. Everybody's in and I'm leaving. And it's 269 00:15:35,440 --> 00:15:38,240 Speaker 1: up to them to sweep up the remnants and and 270 00:15:38,240 --> 00:15:40,360 Speaker 1: and look, I think they'll get there. I think that 271 00:15:40,440 --> 00:15:44,360 Speaker 1: we've been exposed to the ugly underside of caucus politics 272 00:15:44,360 --> 00:15:47,200 Speaker 1: within the Democratic Party. That the fact that there are 273 00:15:47,280 --> 00:15:52,560 Speaker 1: still some not all, but some uh Progressive Caucus members 274 00:15:52,640 --> 00:15:55,960 Speaker 1: who are out there saying they refused to vote on 275 00:15:56,000 --> 00:15:58,640 Speaker 1: this until they see uh text. There is text. I mean, 276 00:15:58,720 --> 00:16:01,160 Speaker 1: all these policies have been around in Washington, d C. 277 00:16:01,360 --> 00:16:04,320 Speaker 1: For twenty five years there. I mean, there's virtually nothing 278 00:16:04,400 --> 00:16:07,480 Speaker 1: new in all these You you want to see policies, 279 00:16:07,560 --> 00:16:10,720 Speaker 1: you know, go to the Bernie Sanders website. They ran 280 00:16:10,760 --> 00:16:13,280 Speaker 1: in for president. You got all this stuff in nauseam. 281 00:16:13,400 --> 00:16:16,040 Speaker 1: So it's a it's a hollow argument. I mean, the 282 00:16:16,080 --> 00:16:17,720 Speaker 1: idea that they're not going to vote on this until 283 00:16:17,760 --> 00:16:20,840 Speaker 1: they see um, the the text of a bill that 284 00:16:20,880 --> 00:16:24,880 Speaker 1: they're not even voting on right now is absurd. They 285 00:16:24,880 --> 00:16:30,600 Speaker 1: are just being petulant, and they really are causing irreparable 286 00:16:30,640 --> 00:16:33,960 Speaker 1: harm potentially to Joe Biden's presidency. So who caves here, 287 00:16:34,040 --> 00:16:35,880 Speaker 1: Jeanie and I could have asked you this a month ago. 288 00:16:36,440 --> 00:16:38,960 Speaker 1: Our progressive is gonna gonna be the ones to step 289 00:16:39,000 --> 00:16:43,120 Speaker 1: back and allow a vote on infrastructure or I don't 290 00:16:43,120 --> 00:16:46,920 Speaker 1: know who else. Are moderates gonna stop their demands. I 291 00:16:47,160 --> 00:16:50,120 Speaker 1: just don't understand what finally breaks here to make something happen. 292 00:16:50,440 --> 00:16:52,800 Speaker 1: You know, the way I can see it happening is 293 00:16:52,840 --> 00:16:56,640 Speaker 1: potentially if Pelosi and with talking to progressives, is able 294 00:16:56,680 --> 00:16:59,720 Speaker 1: to get them to yes by offering them something. But 295 00:16:59,760 --> 00:17:03,000 Speaker 1: you know, from the perspective of the progressive, so let's 296 00:17:03,040 --> 00:17:06,880 Speaker 1: not forget, they feel that they have given and given 297 00:17:06,920 --> 00:17:10,680 Speaker 1: and given, and they are now left with a bill 298 00:17:11,200 --> 00:17:13,840 Speaker 1: that this is their last bite at the apple. I mean, 299 00:17:13,880 --> 00:17:17,280 Speaker 1: if they passed the BIFF and then Mansion or Cinema 300 00:17:17,400 --> 00:17:20,439 Speaker 1: or anybody else in the Senate turns around and says 301 00:17:20,520 --> 00:17:24,920 Speaker 1: no to their human infrastructure bill. Everything that they campaigned 302 00:17:24,920 --> 00:17:28,520 Speaker 1: on and that their constituency wants is done, and so 303 00:17:28,680 --> 00:17:31,520 Speaker 1: they want to feel that they can trust. So, you know, 304 00:17:31,600 --> 00:17:34,840 Speaker 1: I I don't agree with this idea that that what 305 00:17:34,880 --> 00:17:37,480 Speaker 1: they're doing is crazy. The only power you have in 306 00:17:37,560 --> 00:17:40,959 Speaker 1: Congress is the power to say no. Mansion and Cinema 307 00:17:41,000 --> 00:17:44,080 Speaker 1: have utilized that. Now the progressives are utilizing that. I'm 308 00:17:44,119 --> 00:17:46,360 Speaker 1: not saying it's good policy for the Democrats or I'm 309 00:17:46,359 --> 00:17:48,359 Speaker 1: not saying it's what they should do, but it is 310 00:17:48,400 --> 00:17:51,240 Speaker 1: an understandable ploy on their part. Is this just a 311 00:17:51,280 --> 00:17:53,960 Speaker 1: case Rick of us knowing too much that this took 312 00:17:54,040 --> 00:17:56,400 Speaker 1: so long and there's so many leaks out of these 313 00:17:56,440 --> 00:17:59,800 Speaker 1: closed door meetings. If things were buttoned up and we 314 00:17:59,800 --> 00:18:02,720 Speaker 1: were out of seven news cycle, would this beef? Would 315 00:18:02,760 --> 00:18:05,240 Speaker 1: this feel the same way? You know, I think that 316 00:18:06,000 --> 00:18:09,480 Speaker 1: this is not significantly dissimilar to how things get done 317 00:18:09,520 --> 00:18:12,160 Speaker 1: on the Hill. I would say one of the tactical 318 00:18:12,200 --> 00:18:15,280 Speaker 1: mistakes that the Biden administration made is setting all these 319 00:18:15,280 --> 00:18:18,720 Speaker 1: stupid deadlines that they actually knew they weren't going to 320 00:18:18,800 --> 00:18:20,399 Speaker 1: be able to meet. I mean, we've blown through like 321 00:18:20,480 --> 00:18:23,320 Speaker 1: ten deadlines in the last three months, and so they 322 00:18:23,400 --> 00:18:27,399 Speaker 1: actually draw attention to the failure in this case. I 323 00:18:27,400 --> 00:18:30,720 Speaker 1: think it's a case of pigs get fed, hogs get slaughtered. 324 00:18:31,040 --> 00:18:34,320 Speaker 1: We know who the hogs are. Ricky Genior with us 325 00:18:34,320 --> 00:18:36,920 Speaker 1: for the hour, by the grace of God. I'm Joe Matthew, 326 00:18:37,040 --> 00:18:41,719 Speaker 1: and this is Bloomberg broadcasting live from our nation's capital, 327 00:18:41,800 --> 00:18:47,920 Speaker 1: Bloomberg to New York, Bloomberg eleven, Frio to Boston, Bloomberg one, 328 00:18:47,920 --> 00:18:51,720 Speaker 1: O six one to San Francisco, Bloomberg nine sixty to 329 00:18:51,800 --> 00:18:55,400 Speaker 1: the Country Serious x M General one nine and around 330 00:18:55,400 --> 00:18:59,440 Speaker 1: the globe, the Bloomberg Business app and Bloomberg Radio dot Com. 331 00:18:59,600 --> 00:19:05,119 Speaker 1: This he's Bloomberg Son on with Joe Maphew. We are 332 00:19:05,200 --> 00:19:08,320 Speaker 1: counting down to election day next week, and coming up 333 00:19:08,320 --> 00:19:12,280 Speaker 1: we'll bring you to battle ground Richmond, Virginia. Many political 334 00:19:12,320 --> 00:19:14,520 Speaker 1: mind see it as a bell weather for the mid terms, 335 00:19:15,400 --> 00:19:17,320 Speaker 1: and we'll talk about it with the Mayor of Richmond 336 00:19:17,400 --> 00:19:20,080 Speaker 1: of our Stoney latest on the race and what today's 337 00:19:20,119 --> 00:19:24,680 Speaker 1: framework agreement might mean for the outcome. The Virginia gubernatorial 338 00:19:24,760 --> 00:19:26,840 Speaker 1: race is said to be too close to call depending 339 00:19:26,880 --> 00:19:30,120 Speaker 1: on who you ask. Terry mccaulloff leading Glenn youngcan by 340 00:19:30,119 --> 00:19:33,879 Speaker 1: single digits in most recent polls, and many believe this 341 00:19:33,920 --> 00:19:38,959 Speaker 1: election will be decided in battleground Richmond, as mccaulloff owns 342 00:19:39,000 --> 00:19:42,720 Speaker 1: the DC suburbs in most surveys and young and surges 343 00:19:42,760 --> 00:19:44,640 Speaker 1: to the south and southwest, and we want to talk 344 00:19:44,680 --> 00:19:49,359 Speaker 1: about that, the implications, the significance of Richmond and some 345 00:19:49,440 --> 00:19:52,399 Speaker 1: of the contours of this race. We bring in the 346 00:19:52,440 --> 00:19:55,720 Speaker 1: Mayor of Richmond, Virginia, LaVar Stony, Mr Mayor, it's great 347 00:19:55,720 --> 00:19:58,600 Speaker 1: to have you with us. Thank you, Thank you allow 348 00:19:58,640 --> 00:20:00,920 Speaker 1: me to come all today. Are you absolutely we want 349 00:20:00,920 --> 00:20:02,600 Speaker 1: to know what's going on in Richmond, and you're the 350 00:20:02,600 --> 00:20:05,080 Speaker 1: man to talk to you about that. Uh, it seems 351 00:20:05,440 --> 00:20:08,800 Speaker 1: cut down the middle here. These guys are tied in 352 00:20:08,800 --> 00:20:13,119 Speaker 1: in your city. What are you hearing about issues in 353 00:20:13,160 --> 00:20:15,960 Speaker 1: the final five days of this election? What issues are 354 00:20:15,960 --> 00:20:20,160 Speaker 1: going to decide this race? Well, you know, these elections 355 00:20:20,160 --> 00:20:24,000 Speaker 1: are always very tight here in Virginia because these elections 356 00:20:24,000 --> 00:20:27,080 Speaker 1: per the year after the presidential elections, and you know, 357 00:20:27,280 --> 00:20:31,000 Speaker 1: normally the party that wins the White House, the opposite 358 00:20:31,000 --> 00:20:34,800 Speaker 1: party wins the governor ship here in the Commonwealth. Uh, 359 00:20:35,080 --> 00:20:37,960 Speaker 1: there's only been one person in the last fifty years 360 00:20:38,000 --> 00:20:41,119 Speaker 1: that has actually broken that curse, you can say, and 361 00:20:41,160 --> 00:20:44,880 Speaker 1: it's it's been Terry mccauffin. Now this election is coming 362 00:20:44,920 --> 00:20:46,680 Speaker 1: down to the wire. We always knew was going to 363 00:20:46,760 --> 00:20:50,800 Speaker 1: be close. Uh. And you stated earlier the Northern Virginia 364 00:20:51,119 --> 00:20:54,800 Speaker 1: suburbs and that region normally have gone heavily Democrat for 365 00:20:54,840 --> 00:20:58,560 Speaker 1: the last uh twelve years, So the Republicans have not 366 00:20:58,640 --> 00:21:01,760 Speaker 1: want to state wide offers in this state, uh since 367 00:21:01,760 --> 00:21:04,520 Speaker 1: two thousand nine, and so we've been really running up 368 00:21:04,600 --> 00:21:08,119 Speaker 1: big totals in the Northern Virginia suburbs, the d C suburbs, 369 00:21:08,320 --> 00:21:12,000 Speaker 1: but also we've been very competitive here in Central Virginia 370 00:21:12,160 --> 00:21:15,359 Speaker 1: as well. Now in my city, my city will go 371 00:21:15,520 --> 00:21:18,600 Speaker 1: overwhelmling with the with the choice of with Terry McCullough, 372 00:21:18,880 --> 00:21:21,480 Speaker 1: without a doubt. Now it's the suburbs that will be 373 00:21:21,560 --> 00:21:25,520 Speaker 1: the battleground, the suburbs of Richmond, That's right, the suburbs 374 00:21:25,520 --> 00:21:29,159 Speaker 1: of Richmond in Ryko County, Chesterfield County, Governor Northam and 375 00:21:29,240 --> 00:21:32,960 Speaker 1: President Biden one Chesterville County to the south of the city. Uh. 376 00:21:33,000 --> 00:21:35,920 Speaker 1: And I believe that is really where you should watch 377 00:21:36,000 --> 00:21:38,879 Speaker 1: the numbers on election night and see how those numbers 378 00:21:38,880 --> 00:21:42,919 Speaker 1: play out. The Democrats can still win statewide without winning 379 00:21:42,960 --> 00:21:47,600 Speaker 1: the locality. Winning the County of Chesterfille. But if if 380 00:21:47,640 --> 00:21:50,320 Speaker 1: they can keep the margin close, you know, it's gonna 381 00:21:50,359 --> 00:21:53,200 Speaker 1: be not a good night for the Republican Party. And mayor, 382 00:21:53,240 --> 00:21:55,840 Speaker 1: you are a Democrat. To be clear, I'm sure you have, 383 00:21:57,160 --> 00:22:01,760 Speaker 1: uh that the that the infrastructure your argument in Washington, 384 00:22:01,800 --> 00:22:05,400 Speaker 1: that's the reconciliation bill. That this sort of steady drip 385 00:22:05,440 --> 00:22:10,040 Speaker 1: of of no results. Frankly in this debate is having 386 00:22:10,080 --> 00:22:12,040 Speaker 1: an impact on the race. They said that if Joe 387 00:22:12,119 --> 00:22:15,159 Speaker 1: Biden gets something done, this is gonna be good for 388 00:22:15,280 --> 00:22:17,960 Speaker 1: Terry mccaulliff. We've got a framework today as they're calling 389 00:22:17,960 --> 00:22:20,040 Speaker 1: it looks like we're not going to have a vote, 390 00:22:20,080 --> 00:22:22,359 Speaker 1: but there's text floating around out there. They seem to 391 00:22:22,359 --> 00:22:24,879 Speaker 1: have an agreement on a lot of these components. Is 392 00:22:24,920 --> 00:22:28,439 Speaker 1: that enough or have that has this been misread? Is 393 00:22:28,480 --> 00:22:32,199 Speaker 1: that the Virginia election through the prism of Washington, and frankly, 394 00:22:32,240 --> 00:22:34,119 Speaker 1: no one's talking about it down there. Give us a 395 00:22:34,160 --> 00:22:36,439 Speaker 1: reality check? Do people care enough for that to have 396 00:22:36,480 --> 00:22:39,200 Speaker 1: an impact on the race. You know, I'm a mayor, 397 00:22:39,320 --> 00:22:42,960 Speaker 1: obviously I want this, uh these packages passed. I want 398 00:22:43,000 --> 00:22:45,679 Speaker 1: the infrastructure dollars here for my bitty I was on 399 00:22:45,680 --> 00:22:48,920 Speaker 1: a call today with the Vice President Kamala Harris today 400 00:22:48,960 --> 00:22:52,760 Speaker 1: earlier talking about how we need this bill a soup. 401 00:22:53,080 --> 00:22:56,120 Speaker 1: But when I think about everyday, Virginia's no matter they're 402 00:22:56,119 --> 00:23:00,000 Speaker 1: in northern Virginia, in central Virginia, in the Hampton Roads. 403 00:23:00,040 --> 00:23:02,600 Speaker 1: There's a lot more going on beyond what's going on 404 00:23:02,640 --> 00:23:06,840 Speaker 1: in Congress. People are still suffering because of COVID nineteen 405 00:23:07,240 --> 00:23:09,960 Speaker 1: and so they're looking for a governor who's gonna leave 406 00:23:10,040 --> 00:23:13,520 Speaker 1: them out of this pandemic, leading out of this economic downturn, 407 00:23:13,720 --> 00:23:16,240 Speaker 1: allowingly give good jobs, to put food on the table 408 00:23:16,400 --> 00:23:18,560 Speaker 1: and keep a rueful of the family's head. And I 409 00:23:18,600 --> 00:23:21,320 Speaker 1: do believe that my party, led by Governor mccaff offered 410 00:23:21,320 --> 00:23:24,679 Speaker 1: the best opportunities for that. We're coming off the Trump years, 411 00:23:24,800 --> 00:23:27,800 Speaker 1: were in the midst of the Biden years now, and 412 00:23:27,880 --> 00:23:30,720 Speaker 1: his approval ratings have not been great. In fact, we've 413 00:23:30,760 --> 00:23:33,639 Speaker 1: seen them slide over the course of this Infrastructure and 414 00:23:33,680 --> 00:23:37,040 Speaker 1: Reconciliation debate, this debate about his economic agenda, to the 415 00:23:37,040 --> 00:23:40,000 Speaker 1: point where as I'm sure you well know, Terry mccauliffe 416 00:23:40,359 --> 00:23:43,040 Speaker 1: said in a virtual meeting with some supporters that they 417 00:23:43,080 --> 00:23:44,800 Speaker 1: were kind of backing away. They had to they had 418 00:23:44,800 --> 00:23:47,600 Speaker 1: to back away from President Biden. But then again he 419 00:23:47,640 --> 00:23:50,679 Speaker 1: showed up at a mccauliffe rally. It was just last weekend, 420 00:23:51,920 --> 00:23:57,280 Speaker 1: sure shop like you did for for Rocket. I guess 421 00:23:57,320 --> 00:24:01,160 Speaker 1: the question, Mayor, is Joe Biden a help or a hinder? 422 00:24:01,240 --> 00:24:05,879 Speaker 1: Instant Terry McCollough, Well, you know the governor, Governor mcculloff 423 00:24:05,920 --> 00:24:08,920 Speaker 1: is not running away from Joe Biden. Uh, in this election, 424 00:24:09,080 --> 00:24:12,320 Speaker 1: we had still embraced the Biden agenda because we know 425 00:24:12,400 --> 00:24:15,240 Speaker 1: this is the path forward after four years of Donald Trump. 426 00:24:15,480 --> 00:24:18,879 Speaker 1: And you know the way that uh Glenn junk in 427 00:24:18,920 --> 00:24:22,280 Speaker 1: the Republican Canada is ending this campaign, it's the same 428 00:24:22,280 --> 00:24:26,040 Speaker 1: way he started the campaign. He is indulging in uh 429 00:24:26,119 --> 00:24:30,119 Speaker 1: conspiracy theories around the election, talking about an election integrity 430 00:24:30,280 --> 00:24:32,800 Speaker 1: and now talking about how he wants to censor schools 431 00:24:32,840 --> 00:24:37,040 Speaker 1: and and banned books as well. So he's ending the campaign. Essentially, 432 00:24:37,040 --> 00:24:39,679 Speaker 1: it's a kid to uh dance with the one that 433 00:24:39,760 --> 00:24:43,359 Speaker 1: brought you. He doubled down and he appeared to be 434 00:24:43,440 --> 00:24:46,200 Speaker 1: a Trumpster to his base. That's how he won the nomination. 435 00:24:46,480 --> 00:24:49,439 Speaker 1: And he's wrapping up this campaign as a governor that 436 00:24:49,520 --> 00:24:52,560 Speaker 1: would would serve Donald Trump as well. It bother. You 437 00:24:52,600 --> 00:24:56,479 Speaker 1: then that their ties in your neck of the woods. Well, 438 00:24:56,560 --> 00:24:59,920 Speaker 1: you know, we always done what was gonna be tight, Joe, 439 00:25:00,000 --> 00:25:01,600 Speaker 1: We always knew that from the get help. But I 440 00:25:01,600 --> 00:25:05,080 Speaker 1: gotta say this. I was a deputy campaign manager race 441 00:25:05,280 --> 00:25:08,399 Speaker 1: for Governor McCall before I was ever a public servant. 442 00:25:08,520 --> 00:25:10,960 Speaker 1: I used to work on political campaigns and then it 443 00:25:11,040 --> 00:25:14,080 Speaker 1: was the strategist as well. The DNA of the Commonwealth 444 00:25:14,119 --> 00:25:17,440 Speaker 1: of Virginia has changed, and we've had over thirty five 445 00:25:17,520 --> 00:25:20,680 Speaker 1: days of early vote as well. We will probably surpass 446 00:25:20,800 --> 00:25:23,600 Speaker 1: a million votes cast early by the end of the 447 00:25:23,680 --> 00:25:26,280 Speaker 1: day on Saturday. I think that votes Wealth for the 448 00:25:26,320 --> 00:25:29,679 Speaker 1: Democrats all election, none mayor Stony. I only have a 449 00:25:29,680 --> 00:25:32,399 Speaker 1: minute left. I wonder if you can talk to us 450 00:25:32,400 --> 00:25:35,280 Speaker 1: though about how the removal, the toppling of Confederate statutes 451 00:25:35,320 --> 00:25:38,600 Speaker 1: in Richmond may have impacted the political outcome of this race. 452 00:25:40,200 --> 00:25:43,960 Speaker 1: You know, I don't believe it will play into it. 453 00:25:44,040 --> 00:25:46,560 Speaker 1: I mean, when you look at the top um issues 454 00:25:46,600 --> 00:25:49,960 Speaker 1: that people care about, Confederate statues is not on the list. 455 00:25:50,560 --> 00:25:52,399 Speaker 1: So is that a side effect of the change in 456 00:25:52,440 --> 00:25:57,080 Speaker 1: politics in Richmond? Then, you know, I think when it 457 00:25:57,119 --> 00:25:59,720 Speaker 1: comes down to is it's COVID nineteen. It felt jobs. 458 00:25:59,760 --> 00:26:02,639 Speaker 1: It's not about this. This racist has not been anything 459 00:26:02,640 --> 00:26:06,239 Speaker 1: about considerate monuments. Now, is race been a part of 460 00:26:06,240 --> 00:26:10,359 Speaker 1: this campaign this elections? It's sure as it does bother 461 00:26:10,480 --> 00:26:13,560 Speaker 1: a lot of Black Virginians that you know, someone like 462 00:26:13,600 --> 00:26:17,520 Speaker 1: Glenn Yucan is willing to sanitize black history or race, 463 00:26:17,560 --> 00:26:20,200 Speaker 1: black history or schools. When you talk about banning books 464 00:26:20,240 --> 00:26:23,000 Speaker 1: like Beloved by Tony Morrison, I think a lot of 465 00:26:23,040 --> 00:26:26,560 Speaker 1: Black Virginia is worried about what kind of gun. I 466 00:26:26,560 --> 00:26:28,960 Speaker 1: wish we had more time, Mr Mayor, Thanks for being here. 467 00:26:29,000 --> 00:26:33,200 Speaker 1: This is Bloomberg. You're listening to Bloomberg. You sound on 468 00:26:33,600 --> 00:26:40,200 Speaker 1: with Joe Matthew on Bloomberg Radio. So does the Framework Agreement, 469 00:26:40,680 --> 00:26:45,160 Speaker 1: including the half trillion dollars in climate initiatives, helped President 470 00:26:45,200 --> 00:26:48,040 Speaker 1: Biden on his trip to Europe to buy him enough 471 00:26:48,080 --> 00:26:51,840 Speaker 1: times to not have to face tough questions there, And 472 00:26:51,920 --> 00:26:54,080 Speaker 1: for the purpose of this conversation, will it have any 473 00:26:54,119 --> 00:26:56,800 Speaker 1: impact on the Virginia governor's race? The Democratic Mayor of 474 00:26:56,880 --> 00:27:00,119 Speaker 1: Richmond just made us think maybe not so much. And 475 00:27:00,160 --> 00:27:03,119 Speaker 1: so we reassemble the panel now with Bloomberg Politics contributors 476 00:27:03,160 --> 00:27:06,800 Speaker 1: Genie Chantino and Rick Davis. Rick, you know Virginia politics 477 00:27:06,880 --> 00:27:09,119 Speaker 1: very well, and I think we can all agree that 478 00:27:09,119 --> 00:27:12,840 Speaker 1: the state's politics have indeed changed a lot. Is Mayor 479 00:27:12,880 --> 00:27:15,480 Speaker 1: Stoney just mentioned, But why does the business of Washington, 480 00:27:15,720 --> 00:27:18,960 Speaker 1: especially this framework we're passion out here, have any impacts 481 00:27:19,240 --> 00:27:22,880 Speaker 1: on this race between Terry mccaulliff Glenn youngcan well. One 482 00:27:22,880 --> 00:27:24,919 Speaker 1: of the things that you track in any election, and 483 00:27:24,960 --> 00:27:28,439 Speaker 1: certainly the case in this one in Virginia is voter intensity. 484 00:27:28,600 --> 00:27:31,199 Speaker 1: You know whether or not you're based the Democrats are, 485 00:27:31,240 --> 00:27:34,000 Speaker 1: the Republicans have a lot of intensity to vote, and 486 00:27:34,040 --> 00:27:36,600 Speaker 1: you ask people in polls, you know, rate yourself on 487 00:27:36,640 --> 00:27:39,240 Speaker 1: a one to ten scale, you know how confident you 488 00:27:39,280 --> 00:27:41,679 Speaker 1: are you're going to vote that day, and Republicans have 489 00:27:41,720 --> 00:27:45,040 Speaker 1: about a five to seven point lead in intensity. And 490 00:27:45,080 --> 00:27:47,000 Speaker 1: so what you hope is if you can build some 491 00:27:47,080 --> 00:27:50,320 Speaker 1: momentum around a big public policy issue like trillions dollars 492 00:27:50,320 --> 00:27:54,160 Speaker 1: of public spending for democratic causes, that you can actually 493 00:27:54,280 --> 00:27:58,000 Speaker 1: increase that Democrat intensity, that that that ability to get 494 00:27:58,040 --> 00:28:00,600 Speaker 1: them to turn out to vote. The reality in this 495 00:28:00,680 --> 00:28:03,920 Speaker 1: case is there's early voting, as Mayor Stoney pointed out, 496 00:28:04,000 --> 00:28:09,080 Speaker 1: and and Democrats are significantly ahead in early voting, and 497 00:28:09,119 --> 00:28:12,159 Speaker 1: they typically would be uh. And so how much of 498 00:28:12,160 --> 00:28:13,800 Speaker 1: that impact is going to be felt in the next 499 00:28:14,000 --> 00:28:16,280 Speaker 1: you know, next you know, a few days that's left 500 00:28:16,280 --> 00:28:20,439 Speaker 1: in this election. Who knows, But you'd rather have something tangible. 501 00:28:21,119 --> 00:28:24,080 Speaker 1: Everything helps, but something tangible would probably have been better 502 00:28:24,280 --> 00:28:26,199 Speaker 1: in a race that's tied. Here, Genie, will it make 503 00:28:26,240 --> 00:28:30,720 Speaker 1: a difference for Terry mccalliffe, You know, I think it could. 504 00:28:30,760 --> 00:28:32,800 Speaker 1: It could, Sure, it could have helped. I think the 505 00:28:32,840 --> 00:28:35,680 Speaker 1: thing about this Virginia race is after it is over, 506 00:28:35,760 --> 00:28:37,960 Speaker 1: we are all going to be reading in so much 507 00:28:38,040 --> 00:28:41,200 Speaker 1: into it, when in fact, there's so many factors that 508 00:28:41,240 --> 00:28:43,800 Speaker 1: can impact this. You know, one that we haven't talked 509 00:28:43,800 --> 00:28:46,400 Speaker 1: about is not just what's happening in Congress, but the 510 00:28:46,480 --> 00:28:51,080 Speaker 1: Supreme Court hearing this Texas abortion case Monday, twenty four 511 00:28:51,080 --> 00:28:54,480 Speaker 1: hours before people who vote in person go out to vote. 512 00:28:54,800 --> 00:28:57,880 Speaker 1: That can also have an impact in terms of helping 513 00:28:58,000 --> 00:29:00,320 Speaker 1: Terry mccaulliffe. And he's been talking a little it about 514 00:29:00,320 --> 00:29:02,560 Speaker 1: abortion on the stump. So I think there's a lot 515 00:29:02,600 --> 00:29:04,720 Speaker 1: of factors here. Yes, it would have been far better 516 00:29:04,760 --> 00:29:07,760 Speaker 1: had the Democrats been able to get this thing done. 517 00:29:07,880 --> 00:29:11,840 Speaker 1: They haven't I think numbers wise, things still look better 518 00:29:11,880 --> 00:29:14,760 Speaker 1: for Terry mcculliff than they do Glenn Yuncan. But of course, 519 00:29:14,840 --> 00:29:19,640 Speaker 1: historically Glenn Yuncan is, you know, obviously the party out 520 00:29:19,640 --> 00:29:23,240 Speaker 1: of power in Washington. He's got that advantage. I want 521 00:29:23,240 --> 00:29:27,160 Speaker 1: to ask you both of about the oil hearing today 522 00:29:27,160 --> 00:29:29,880 Speaker 1: on Capitol Hill. With all the talk about frameworks at 523 00:29:29,920 --> 00:29:34,200 Speaker 1: Infrastructure G twenty and Copies six, no one is talking 524 00:29:34,240 --> 00:29:37,080 Speaker 1: about this. You can read about it on the terminal, 525 00:29:37,120 --> 00:29:40,160 Speaker 1: of course, because we have everything there. But to see 526 00:29:40,200 --> 00:29:44,800 Speaker 1: the captains of industry dragged up before a congressional hearing. 527 00:29:44,840 --> 00:29:48,440 Speaker 1: The first time since VPS Gulf of Mexico oil spill 528 00:29:48,520 --> 00:29:52,000 Speaker 1: over a decade ago, the top oil industry executives have 529 00:29:52,080 --> 00:29:56,040 Speaker 1: all appeared together before lawmakers in the nation's capital. Democrats 530 00:29:56,040 --> 00:29:58,040 Speaker 1: were hoping to pin them down and make an historic 531 00:29:58,120 --> 00:30:02,479 Speaker 1: moment recalling the big tobacco earrings. Right. Congresswoman Carolyn Maloney, 532 00:30:02,560 --> 00:30:05,280 Speaker 1: Democrat from New York, is chair of the House Oversight 533 00:30:05,320 --> 00:30:08,040 Speaker 1: in Reform Committee. I want you to both listen to this, 534 00:30:08,360 --> 00:30:10,800 Speaker 1: uh this this cut from this piece of sound from 535 00:30:10,840 --> 00:30:13,920 Speaker 1: that hearing, and I'll ask you about it. On the 536 00:30:13,920 --> 00:30:19,040 Speaker 1: other side. Mr Woods, CEO of Exxon. Do you agree 537 00:30:19,480 --> 00:30:25,760 Speaker 1: that climate change is real? Yes? Thank you. Mr law Lawler, 538 00:30:26,240 --> 00:30:31,240 Speaker 1: CEO of BP America. Do you agree that climate change 539 00:30:31,320 --> 00:30:39,080 Speaker 1: is caused by human activities? Yes? Mr Worth, CEO of Chevron. 540 00:30:39,680 --> 00:30:44,000 Speaker 1: Do you agree that burning fossil fuels is a significant 541 00:30:44,080 --> 00:30:50,800 Speaker 1: cause of climate change? Chairwoman, We've been cleared where we stand, 542 00:30:51,200 --> 00:30:53,880 Speaker 1: and we accept the kind of scientific consensus that the 543 00:30:54,000 --> 00:30:58,560 Speaker 1: use of fossil fuels contributes to climate change. So that 544 00:30:58,880 --> 00:31:01,400 Speaker 1: I'm taken as a yeah, we'll say that's a yes. 545 00:31:02,160 --> 00:31:05,720 Speaker 1: And it wasn't all like that. There were some tense exchanges, 546 00:31:06,600 --> 00:31:09,600 Speaker 1: but Genie, was that a moment that ends up in 547 00:31:09,600 --> 00:31:13,880 Speaker 1: the history books like the tobacco hearings. Maybe everyone's getting 548 00:31:13,880 --> 00:31:15,600 Speaker 1: all around here, But I never thought I would ever 549 00:31:15,760 --> 00:31:19,080 Speaker 1: hear the day when all of those answers from the 550 00:31:19,160 --> 00:31:23,080 Speaker 1: captains of big oil would end up being yes, No, 551 00:31:23,240 --> 00:31:26,040 Speaker 1: it's true. And I think that's what the committee is 552 00:31:26,080 --> 00:31:28,560 Speaker 1: going for. And to a certain extent, it reminded me 553 00:31:28,600 --> 00:31:31,080 Speaker 1: a little bit of the testimony or or the sort 554 00:31:31,080 --> 00:31:34,120 Speaker 1: of the comments if you will, about Facebook recently, that 555 00:31:34,200 --> 00:31:37,000 Speaker 1: the public facing statements of these companies differ from what 556 00:31:37,040 --> 00:31:39,880 Speaker 1: they're saying and doing behind the scenes, and you know, 557 00:31:39,960 --> 00:31:42,440 Speaker 1: the Congress, the committee really wants to get them on 558 00:31:42,600 --> 00:31:46,000 Speaker 1: the record. I'm just not sure, however, what this in 559 00:31:46,120 --> 00:31:49,480 Speaker 1: fact achieves, right, so you get them on the record 560 00:31:49,600 --> 00:31:53,240 Speaker 1: saying this, But is it any surprise that these companies 561 00:31:53,240 --> 00:31:55,960 Speaker 1: are going to put the interest of their shareholders over 562 00:31:56,040 --> 00:31:58,920 Speaker 1: those other interests. I'm not sure that's a surprise. And 563 00:31:58,960 --> 00:32:00,640 Speaker 1: what I would like to hear little bit more of. 564 00:32:00,840 --> 00:32:02,760 Speaker 1: What I would have liked to hear more of today 565 00:32:02,800 --> 00:32:05,640 Speaker 1: out of this committee was what they can do about it, 566 00:32:05,720 --> 00:32:08,640 Speaker 1: how they can move forward and rewrite this ship. And 567 00:32:08,960 --> 00:32:10,440 Speaker 1: I didn't hear as much of that today as I 568 00:32:10,520 --> 00:32:13,040 Speaker 1: thought we might have. I think the Democrats rick, we're 569 00:32:13,080 --> 00:32:16,280 Speaker 1: hoping to have some internal documents that showed and they 570 00:32:16,280 --> 00:32:18,120 Speaker 1: were there. They were going back and forth on this. 571 00:32:18,240 --> 00:32:21,600 Speaker 1: They played the Green Piece video, trying to show that 572 00:32:21,680 --> 00:32:25,000 Speaker 1: they were actively working to subvert this idea of climate 573 00:32:25,080 --> 00:32:29,080 Speaker 1: change and the impact on the on the climate. But 574 00:32:29,720 --> 00:32:32,560 Speaker 1: sometimes it just comes down to moments, right, A slice 575 00:32:32,560 --> 00:32:35,760 Speaker 1: of a hearing like that can resonate for years. Is 576 00:32:35,800 --> 00:32:38,920 Speaker 1: that one of them? You know? I think it's more 577 00:32:39,160 --> 00:32:42,280 Speaker 1: the you know, barn doors closing after the horses have 578 00:32:42,320 --> 00:32:44,440 Speaker 1: already gotten out. I mean, each and every one of 579 00:32:44,440 --> 00:32:47,440 Speaker 1: these executives have known for a long time that they 580 00:32:47,440 --> 00:32:51,560 Speaker 1: have to get right on climate. Exon spends hundreds of 581 00:32:51,560 --> 00:32:55,200 Speaker 1: millions of dollars in developing new you know products that 582 00:32:55,280 --> 00:33:02,120 Speaker 1: they see is uh the next phase post hydrocarbon power company. 583 00:33:01,880 --> 00:33:06,920 Speaker 1: They all have done advocacy for various environmental causes to 584 00:33:07,000 --> 00:33:10,400 Speaker 1: try and uh find common cause on the climate issue. 585 00:33:10,440 --> 00:33:13,640 Speaker 1: So so this isn't new, right, I mean, like we've 586 00:33:13,680 --> 00:33:17,480 Speaker 1: been seeing the migration in their self interests. Right. Doesn't 587 00:33:17,480 --> 00:33:21,080 Speaker 1: mean they've changed their policies, particularly internally. Doesn't mean they're 588 00:33:21,080 --> 00:33:24,520 Speaker 1: pumping less oil, but um, but they're not going to 589 00:33:24,600 --> 00:33:28,480 Speaker 1: miss an opportunity to side with climate warriors in a 590 00:33:28,520 --> 00:33:31,280 Speaker 1: public form like this. So I'm not sure it actually 591 00:33:31,600 --> 00:33:35,960 Speaker 1: educated anybody to something new. It's not like tobacco executives saying, oh, 592 00:33:36,160 --> 00:33:39,840 Speaker 1: cigarettes aren't addictive and then we find out that they are. Um. 593 00:33:39,960 --> 00:33:43,000 Speaker 1: So I don't think this replicates that kind of drama 594 00:33:43,320 --> 00:33:48,360 Speaker 1: they did deny spreading disinformation on climate change. Genie. Uh So, 595 00:33:48,520 --> 00:33:50,600 Speaker 1: I guess not everything has changed here. I don't know 596 00:33:50,640 --> 00:33:52,720 Speaker 1: how significant you see that, but we should note that 597 00:33:53,040 --> 00:33:55,640 Speaker 1: shares of x On Mobile closed higher today and they 598 00:33:55,640 --> 00:33:58,840 Speaker 1: are still moving higher in after hours trading, as I 599 00:33:58,880 --> 00:34:04,600 Speaker 1: guess investors are celebrating a higher dividend. But the denial 600 00:34:05,160 --> 00:34:09,960 Speaker 1: of spreading disinformation on climate is that something Democrats need 601 00:34:10,000 --> 00:34:11,719 Speaker 1: to spend more time on or is this a one 602 00:34:11,800 --> 00:34:15,319 Speaker 1: day event? I think they will spend more time on it. Um. 603 00:34:15,360 --> 00:34:18,719 Speaker 1: You know, Listen, there's a lot of evolution in terms 604 00:34:18,760 --> 00:34:20,799 Speaker 1: of what we're hearing from these companies, and not just 605 00:34:20,920 --> 00:34:23,880 Speaker 1: with the folks they brought before them today, but over time. 606 00:34:23,920 --> 00:34:26,759 Speaker 1: These are companies been around a long time. Those are 607 00:34:26,800 --> 00:34:31,680 Speaker 1: certainly evolving public and private statements. But I do think 608 00:34:31,680 --> 00:34:34,360 Speaker 1: the Democrats will spend more time on this. But again, 609 00:34:34,400 --> 00:34:37,239 Speaker 1: I think the point here is what are we going 610 00:34:37,320 --> 00:34:39,759 Speaker 1: to do about it? As a nation? I don't think 611 00:34:39,800 --> 00:34:43,000 Speaker 1: anybody can expect that these companies are going to have 612 00:34:43,160 --> 00:34:47,040 Speaker 1: interests that surmount the interests of their shareholders. But what 613 00:34:47,160 --> 00:34:49,759 Speaker 1: the federal government can do and what Congress can do 614 00:34:49,880 --> 00:34:53,719 Speaker 1: is the big question to force them or to you know, 615 00:34:53,840 --> 00:34:56,920 Speaker 1: use a carrot or stick approach to move them towards 616 00:34:57,000 --> 00:35:01,560 Speaker 1: more climate friendly uh merce, if you will, And that's 617 00:35:01,560 --> 00:35:03,839 Speaker 1: what I think they should be focusing most on their 618 00:35:03,880 --> 00:35:06,480 Speaker 1: time of their time on not on these gotcha moments, 619 00:35:06,520 --> 00:35:09,200 Speaker 1: which I think play for the cameras, but in the end, 620 00:35:09,320 --> 00:35:11,840 Speaker 1: I don't think they serve much from a policy perspective. 621 00:35:12,000 --> 00:35:14,560 Speaker 1: Maloney says, this is the congresswoman you just heard from 622 00:35:14,560 --> 00:35:18,400 Speaker 1: from New York. She will issue subpoenas for documents requested 623 00:35:18,400 --> 00:35:21,560 Speaker 1: by the committee and not furnished by the oil companies, 624 00:35:21,600 --> 00:35:24,360 Speaker 1: These these internal documents, Rick, does anything come of that? 625 00:35:24,480 --> 00:35:26,480 Speaker 1: Or have you already moved on them? You know, I 626 00:35:26,840 --> 00:35:29,560 Speaker 1: think that it will be um um some noise and 627 00:35:29,600 --> 00:35:31,960 Speaker 1: as system some fodder, but it's going to be overtaken 628 00:35:32,000 --> 00:35:35,600 Speaker 1: by the cop twenty six discussions of climate and and 629 00:35:35,600 --> 00:35:38,399 Speaker 1: and and and frankly comes at an odd time when 630 00:35:38,440 --> 00:35:42,000 Speaker 1: the Biden administrations out there. Maybe sucking up to the 631 00:35:42,040 --> 00:35:45,440 Speaker 1: oil companies is too strong a word, but they're, yeah, 632 00:35:45,480 --> 00:35:47,719 Speaker 1: they're desperts to try and get those gas prices down, 633 00:35:48,160 --> 00:35:51,160 Speaker 1: especially before a cold winter in the Northeast. And you know, 634 00:35:51,440 --> 00:35:54,040 Speaker 1: it just seems like it's counter programming to that, right, 635 00:35:54,080 --> 00:35:56,080 Speaker 1: I mean, like, what an odd time to hold a 636 00:35:56,120 --> 00:36:00,160 Speaker 1: hearing and beat up a bunch of executives when gas 637 00:36:00,200 --> 00:36:03,360 Speaker 1: is or are hitting record highs going into the winter 638 00:36:03,440 --> 00:36:06,200 Speaker 1: here and the White House is begging for more supply. 639 00:36:06,719 --> 00:36:08,879 Speaker 1: All right, Rick and Genie, we've got just a little 640 00:36:08,880 --> 00:36:11,040 Speaker 1: bit left here. I'd love to get your impressions on 641 00:36:11,080 --> 00:36:15,520 Speaker 1: what happens Tomorrow's Friday, we go into the weekend infrastructure 642 00:36:15,760 --> 00:36:18,680 Speaker 1: vote the biff? Genie, do you think it happens before 643 00:36:18,800 --> 00:36:21,799 Speaker 1: next week? Oh, Joe, I hate to make predictions on 644 00:36:21,840 --> 00:36:25,080 Speaker 1: the future. Um, let me just say that. No, I 645 00:36:25,200 --> 00:36:27,960 Speaker 1: do not think it goes, and if it does go, 646 00:36:28,480 --> 00:36:30,960 Speaker 1: they'll be egg on my face. I don't think it goes. Wow, 647 00:36:31,000 --> 00:36:32,920 Speaker 1: So just no vote, never mind fail. But it's not 648 00:36:32,960 --> 00:36:36,280 Speaker 1: going to get to a vote as if Nancy Pelosi 649 00:36:36,320 --> 00:36:38,200 Speaker 1: sticks to her words, she doesn't put things up that 650 00:36:38,239 --> 00:36:40,320 Speaker 1: are going to fail. As far as we can count, 651 00:36:40,360 --> 00:36:43,400 Speaker 1: this thing would fail if it was held today or tomorrow, 652 00:36:43,440 --> 00:36:46,799 Speaker 1: barring some massive change. So maybe that will happen, but 653 00:36:47,040 --> 00:36:49,040 Speaker 1: I don't see it. I know that that you see 654 00:36:49,040 --> 00:36:51,360 Speaker 1: it happening at some point. Rick. The question is when 655 00:36:52,040 --> 00:36:55,120 Speaker 1: you know. Look, I love all these deadlines, right, so 656 00:36:55,560 --> 00:36:58,799 Speaker 1: I think they're excellent because they're always wrong. I think 657 00:36:58,840 --> 00:37:03,120 Speaker 1: there's a chance that this, uh, the Biff gets voted 658 00:37:03,160 --> 00:37:05,359 Speaker 1: on by the House and put in a law as 659 00:37:05,360 --> 00:37:09,279 Speaker 1: soon as Joe Biden gets back from uh Copy and 660 00:37:09,320 --> 00:37:11,799 Speaker 1: so this time next week. Maybe well, I think that 661 00:37:12,080 --> 00:37:14,400 Speaker 1: it could happen right before he gets there or before 662 00:37:14,400 --> 00:37:17,439 Speaker 1: he leaves. But the bottom line is, I do think 663 00:37:17,440 --> 00:37:20,400 Speaker 1: it's in that category. I think a little bit of 664 00:37:20,400 --> 00:37:22,359 Speaker 1: the heat came off of it today. I think it's 665 00:37:22,400 --> 00:37:25,000 Speaker 1: a slam dunk that it's gonna get done. It's just 666 00:37:25,040 --> 00:37:27,120 Speaker 1: a matter of whether or not he can take credit 667 00:37:27,120 --> 00:37:29,319 Speaker 1: for it while he's still in Um, while he's still 668 00:37:29,360 --> 00:37:31,960 Speaker 1: in Scotland. That might be something we'll see. If it 669 00:37:32,000 --> 00:37:34,359 Speaker 1: happens while he's there, then he come back right, big 670 00:37:34,400 --> 00:37:39,279 Speaker 1: signing ceremony, duck boat parade, and everyone's happy. Maybe not. 671 00:37:39,880 --> 00:37:43,600 Speaker 1: That's when the progressives could really start screaming. Bloomberg Politics 672 00:37:43,600 --> 00:37:46,600 Speaker 1: contributors Jeanie Chanzano and Rick Davis thank you. As always. 673 00:37:46,640 --> 00:37:49,960 Speaker 1: We'll meet you back here the Friday edition of Sound On. 674 00:37:50,000 --> 00:37:51,640 Speaker 1: I'm Joe Matthew. This is Bloomberg