1 00:00:00,240 --> 00:00:02,800 Speaker 1: My name is Kevin Cirellian, the chief Washington correspondent for 2 00:00:02,840 --> 00:00:06,600 Speaker 1: Bloomberg Television and for Bloomberg Radio, and you are listening 3 00:00:06,720 --> 00:00:09,600 Speaker 1: to sound on. Earlier today, I was at the State 4 00:00:09,680 --> 00:00:13,600 Speaker 1: Department and I spoke for an exclusive television and radio 5 00:00:13,640 --> 00:00:17,880 Speaker 1: interview with the Under Secretary for Economic Affairs, Keith Kroc, 6 00:00:18,440 --> 00:00:22,160 Speaker 1: and I asked him point blank about the importance that 7 00:00:22,239 --> 00:00:26,120 Speaker 1: the administration feels on diversifying the supply chain from China. 8 00:00:26,440 --> 00:00:28,800 Speaker 1: To take a listen to what he told me. It's 9 00:00:28,840 --> 00:00:32,199 Speaker 1: critical to diversify that supply chain, and I think we're 10 00:00:32,240 --> 00:00:37,000 Speaker 1: seeing that right now with the pandemic. And so this 11 00:00:37,080 --> 00:00:40,000 Speaker 1: is an effort that we've been doing for the last 12 00:00:40,040 --> 00:00:43,400 Speaker 1: couple of years, and now it's uh being turbo charged 13 00:00:43,479 --> 00:00:47,040 Speaker 1: because that pandemic. And I think it's really a lot 14 00:00:47,040 --> 00:00:51,080 Speaker 1: of it's brought on by UM citizens around the world 15 00:00:51,240 --> 00:00:53,360 Speaker 1: realizing some of the things that's going on with the 16 00:00:53,400 --> 00:00:56,800 Speaker 1: Communist Party of China. And I think the President did 17 00:00:56,800 --> 00:00:59,840 Speaker 1: a great job of waking up the United States, but 18 00:00:59,880 --> 00:01:03,280 Speaker 1: I think everybody's uh sees China's you know what I 19 00:01:03,320 --> 00:01:09,200 Speaker 1: would effectually call their three pronged strategy of concealment co 20 00:01:09,319 --> 00:01:13,320 Speaker 1: option and coercion. So if you look at the virus 21 00:01:13,560 --> 00:01:16,080 Speaker 1: um that was the pandemic as a result of the 22 00:01:16,120 --> 00:01:20,480 Speaker 1: concealment of that virus um, if you look at their 23 00:01:20,480 --> 00:01:24,919 Speaker 1: face masks, their so called face mass diplomacy UM where 24 00:01:25,840 --> 00:01:31,319 Speaker 1: uh they are seducing, coercing countries to do things and 25 00:01:31,760 --> 00:01:34,759 Speaker 1: using that PPE is collateral. And then the third thing 26 00:01:34,840 --> 00:01:37,120 Speaker 1: is I think people have woken up and they see 27 00:01:37,200 --> 00:01:41,240 Speaker 1: that China has a co opted a lot of the 28 00:01:41,240 --> 00:01:46,120 Speaker 1: economies by entangling supply chains. So it's it's critical for 29 00:01:46,120 --> 00:01:49,080 Speaker 1: for national security as well as economics. Let me follow 30 00:01:49,120 --> 00:01:52,800 Speaker 1: up on that face mask diplomacy. Are you concerned that 31 00:01:52,960 --> 00:01:58,200 Speaker 1: China might be dangling PPE to our US allies to 32 00:01:58,200 --> 00:02:00,560 Speaker 1: to really try to get them to get even more 33 00:02:00,720 --> 00:02:03,440 Speaker 1: entangled in five G network? By the way, I think 34 00:02:03,440 --> 00:02:07,760 Speaker 1: we're seeing that around the world, and it's I mean, 35 00:02:07,800 --> 00:02:11,160 Speaker 1: it's a classic part of the three pronged strategy. Uh 36 00:02:11,200 --> 00:02:16,200 Speaker 1: and uh, you know, I think understanding the dangers of 37 00:02:17,600 --> 00:02:21,320 Speaker 1: UH five G from an untrusted from an untrusted vendor 38 00:02:21,840 --> 00:02:28,120 Speaker 1: and Secretary Pompeo announced on April the clean Path program, 39 00:02:28,160 --> 00:02:32,280 Speaker 1: which basically calls for any network traffic coming in and 40 00:02:32,280 --> 00:02:37,079 Speaker 1: out of diplomatic facilities, whether it's here or abroad, all 41 00:02:37,080 --> 00:02:41,040 Speaker 1: our embassies. UH. It requires a clean path. So in 42 00:02:41,040 --> 00:02:44,920 Speaker 1: other words, it's trusted, it's reliable. It cannot have touched 43 00:02:45,000 --> 00:02:49,200 Speaker 1: for example of Whawei antenna and UH. And we expect 44 00:02:49,919 --> 00:02:54,600 Speaker 1: other countries and companies UH to make those same requirements. 45 00:02:54,639 --> 00:02:57,359 Speaker 1: Before we come back to domestic politics. Sticking with international 46 00:02:57,440 --> 00:03:00,920 Speaker 1: this economic prosperity network, How important is that that the 47 00:03:01,000 --> 00:03:04,520 Speaker 1: US developed that not just with US based companies but 48 00:03:04,560 --> 00:03:07,080 Speaker 1: also internationally. Yeah. So, so if you look at the 49 00:03:07,120 --> 00:03:12,440 Speaker 1: economic Prosperity network, UH, it's core to our economic security strategy. 50 00:03:12,440 --> 00:03:15,120 Speaker 1: There's three pillars in that. The first one is turbocharge 51 00:03:16,040 --> 00:03:20,360 Speaker 1: economic competitness, The second is safeguard America's assets. The third 52 00:03:20,400 --> 00:03:23,919 Speaker 1: one is the economic prosperity network. And what that means 53 00:03:24,400 --> 00:03:31,280 Speaker 1: is that means forming UH alliance network with trusted partners. 54 00:03:31,360 --> 00:03:35,320 Speaker 1: And so the economic Prosperity Network is comprised of like 55 00:03:35,480 --> 00:03:40,080 Speaker 1: minded countries, companies and civil society for all areas of 56 00:03:40,680 --> 00:03:50,240 Speaker 1: UH economic collaboration and in all industries so digital UH, SO, energy, UM, infrastructure, UH, 57 00:03:50,440 --> 00:03:56,960 Speaker 1: even money flows, UM, education, research, logistics, supply chains is 58 00:03:57,400 --> 00:03:59,440 Speaker 1: a key part of that and the key is that 59 00:03:59,480 --> 00:04:03,080 Speaker 1: this ECONO have a prosperity network operate by a set 60 00:04:03,160 --> 00:04:07,000 Speaker 1: of trust standards, things that we would call American values 61 00:04:07,080 --> 00:04:09,760 Speaker 1: here in the US. In Europe they call them democratic values, 62 00:04:09,800 --> 00:04:13,080 Speaker 1: and probably the best international translation is trust principles, and 63 00:04:13,120 --> 00:04:20,320 Speaker 1: those are things like accountability, integrity, transparency, reciprocity, respect for 64 00:04:20,400 --> 00:04:23,200 Speaker 1: rule of law, respect for property of all kinds, respect 65 00:04:23,200 --> 00:04:26,320 Speaker 1: for sovereignty of nations, respect for the planet, respect for 66 00:04:26,400 --> 00:04:31,080 Speaker 1: labor and um. I think this is uh, this is 67 00:04:31,120 --> 00:04:34,440 Speaker 1: what the world has been asking for, and and you know, 68 00:04:34,480 --> 00:04:39,680 Speaker 1: I've probably had about sixty bilateral meetings uh over the 69 00:04:39,760 --> 00:04:44,280 Speaker 1: last year in terms of different countries economic ministers, foreign ministers, 70 00:04:44,600 --> 00:04:48,880 Speaker 1: finance ministers, and this really, this really resonates, and they 71 00:04:48,920 --> 00:04:52,640 Speaker 1: want America to leave. They go, we need America to lead, Keith, 72 00:04:52,680 --> 00:04:54,640 Speaker 1: how do you how do you do that though, when 73 00:04:54,680 --> 00:04:58,440 Speaker 1: several of our allies have already formed relationships with China, 74 00:04:58,520 --> 00:05:02,159 Speaker 1: with Whalawi on five. Yeah, Well, there's no doubt that 75 00:05:02,279 --> 00:05:05,440 Speaker 1: China is a big trading partner in a lot of countries, 76 00:05:05,440 --> 00:05:09,359 Speaker 1: they are number one trading partner. But for these countries, 77 00:05:09,839 --> 00:05:12,280 Speaker 1: it all comes down to one word, and it's trust. 78 00:05:12,839 --> 00:05:15,839 Speaker 1: And by the way, you know, coming from the business sector, 79 00:05:15,920 --> 00:05:19,960 Speaker 1: my entire career, um IT, trust is the basis of 80 00:05:20,000 --> 00:05:26,840 Speaker 1: every relationship business wise, UH, personal or otherwise. And when 81 00:05:26,880 --> 00:05:31,080 Speaker 1: you talk to these UH government officials or even when 82 00:05:31,120 --> 00:05:35,000 Speaker 1: you talk to the companies, international companies, it's that issue 83 00:05:35,000 --> 00:05:38,680 Speaker 1: of trust comes up with China, and I think what 84 00:05:38,960 --> 00:05:43,680 Speaker 1: has really accelerated this is what's happened in the pandemic 85 00:05:43,880 --> 00:05:47,800 Speaker 1: because I think people really understand that this should have 86 00:05:47,839 --> 00:05:51,440 Speaker 1: never happened. I Meanwhile, domestically, the State's Department has also 87 00:05:51,560 --> 00:05:55,000 Speaker 1: been trying to do new significant outreach pertaining to Economic 88 00:05:55,080 --> 00:05:59,880 Speaker 1: Security strategy to make sure that the US supplies to 89 00:06:00,000 --> 00:06:03,520 Speaker 1: sims both from technologies, from energy and other sectors are 90 00:06:03,520 --> 00:06:06,919 Speaker 1: better protected against economic threats. What can you tell us 91 00:06:06,920 --> 00:06:10,280 Speaker 1: about that? Yeah, because you know, one of those core 92 00:06:10,360 --> 00:06:15,479 Speaker 1: pillars for the economic security strategy safeguard American assets. So 93 00:06:15,800 --> 00:06:17,920 Speaker 1: that's what does that look like? As people hear that 94 00:06:17,960 --> 00:06:20,640 Speaker 1: thrown around, So here's here's what it looks like. So 95 00:06:20,760 --> 00:06:27,560 Speaker 1: first of all, it's intellectual property, it's technology, it's supply chains, 96 00:06:27,600 --> 00:06:30,960 Speaker 1: it's financial systems, and a lot of people don't realize 97 00:06:30,960 --> 00:06:34,440 Speaker 1: of the hundred and fifties sum uh Chinese stocks they're 98 00:06:34,480 --> 00:06:37,080 Speaker 1: listening on the New York and AZDAC Stock Exchange. They 99 00:06:37,080 --> 00:06:40,000 Speaker 1: don't have to do Sarbanes Oxley, which means go through 100 00:06:41,000 --> 00:06:43,240 Speaker 1: big scrutiny in terms of audit and and they can't 101 00:06:43,240 --> 00:06:47,400 Speaker 1: be autumn h audited. And for a guy who's taken 102 00:06:47,400 --> 00:06:49,919 Speaker 1: for a company's public you know, personally, maybe I have 103 00:06:49,960 --> 00:06:52,200 Speaker 1: a problem with that, but I'm thinking of the shareholders 104 00:06:52,839 --> 00:06:56,080 Speaker 1: and because that lack of transparency is not is not good. 105 00:06:56,400 --> 00:07:01,280 Speaker 1: You know, the other key assets safeguard is are education system, 106 00:07:01,720 --> 00:07:05,040 Speaker 1: our health care system, all those kind of things. Um. 107 00:07:05,080 --> 00:07:07,359 Speaker 1: And that's why not only were we looking at it 108 00:07:07,360 --> 00:07:10,360 Speaker 1: from a supply chain standpoint, but we're also looking at 109 00:07:10,480 --> 00:07:13,920 Speaker 1: in terms of Chinese investment in our cyphist process as well. 110 00:07:14,000 --> 00:07:15,720 Speaker 1: You know, just a final question, I want to come 111 00:07:15,720 --> 00:07:19,040 Speaker 1: back to this point of face mask diplomacy and the 112 00:07:19,120 --> 00:07:21,160 Speaker 1: concern that I hear from you from that I hear 113 00:07:21,160 --> 00:07:25,480 Speaker 1: from Democrats Republicans alike on Capitol Hill about China dangling 114 00:07:25,560 --> 00:07:30,440 Speaker 1: face masks some ppe to US allies and the potential 115 00:07:30,480 --> 00:07:33,640 Speaker 1: for that happening on US supply chains. If that is 116 00:07:33,680 --> 00:07:36,640 Speaker 1: so entangled, that's got to worry. Yeah, and by the way, 117 00:07:37,000 --> 00:07:39,880 Speaker 1: I think if you look at this China issue, this 118 00:07:40,000 --> 00:07:44,800 Speaker 1: is probably the most unified bipartisan issue ever. I mean, 119 00:07:44,840 --> 00:07:50,280 Speaker 1: I'm uh, everybody has a passion for that. And uh, 120 00:07:50,320 --> 00:07:54,040 Speaker 1: you know it's Chinese doctrine. It's not just deception, but 121 00:07:54,120 --> 00:07:59,840 Speaker 1: it's also seduced with money and reinforced with intimidation retaliation. Right. 122 00:08:00,040 --> 00:08:02,320 Speaker 1: I mean, we all saw what happened to the general 123 00:08:02,360 --> 00:08:04,040 Speaker 1: manager of the Houston Rockets when he just did a 124 00:08:04,080 --> 00:08:06,880 Speaker 1: seven word tweet. Within twenty four hours, a hundred million 125 00:08:06,880 --> 00:08:10,119 Speaker 1: dollars of sponsorships were dropped by Chinese apparel companies. Now 126 00:08:10,600 --> 00:08:13,360 Speaker 1: that that just doesn't happen by accent, that's a playbook 127 00:08:13,800 --> 00:08:15,880 Speaker 1: because it has to go to the top. But even 128 00:08:15,920 --> 00:08:19,520 Speaker 1: even the government of China can't move that fast. So 129 00:08:19,920 --> 00:08:23,160 Speaker 1: I think this is on the minds of our Congress, 130 00:08:23,160 --> 00:08:27,560 Speaker 1: our executive branch, our judicial branch. I think it's on 131 00:08:27,600 --> 00:08:30,440 Speaker 1: the minds of the companies. Uh. We could really see 132 00:08:30,480 --> 00:08:33,680 Speaker 1: that when I hosted Secretary of Pompeo out in Silicon Valley. 133 00:08:33,960 --> 00:08:37,319 Speaker 1: Uh for four days. I hostedt third or six of 134 00:08:37,360 --> 00:08:39,559 Speaker 1: the top CEOs in my home and as they went 135 00:08:39,600 --> 00:08:42,280 Speaker 1: around the room, we had them to other China story 136 00:08:42,320 --> 00:08:45,040 Speaker 1: and they were kind of frightening. But uh, and we 137 00:08:45,080 --> 00:08:46,800 Speaker 1: see the same thing in other countries. I did the 138 00:08:46,840 --> 00:08:50,400 Speaker 1: same thing with the set of German CEOs. You've got 139 00:08:50,400 --> 00:08:52,600 Speaker 1: to be in a closed door setting because all these 140 00:08:52,600 --> 00:08:55,640 Speaker 1: guys are afraid of retaliation. And I think our stance 141 00:08:56,280 --> 00:08:58,800 Speaker 1: an important role for America. Is there a strength and 142 00:08:58,960 --> 00:09:03,679 Speaker 1: power in leader ship in terms of unity and solidarity. 143 00:09:03,880 --> 00:09:07,840 Speaker 1: And this is where the Economic Prosperity Network is key, 144 00:09:07,920 --> 00:09:12,199 Speaker 1: because it creates a network of alliance under these trust principles. 145 00:09:12,679 --> 00:09:16,480 Speaker 1: And this pandemic, you know, is such a horrible thing. 146 00:09:16,840 --> 00:09:19,360 Speaker 1: But if there's any byproduct out of that, I think 147 00:09:19,400 --> 00:09:22,360 Speaker 1: it will be um it will be it will set 148 00:09:22,360 --> 00:09:24,880 Speaker 1: the table for the future with the Economic Prosperity Network. 149 00:09:25,600 --> 00:09:28,600 Speaker 1: That was Keith Kroc, the under Secretary for Economic Affairs, 150 00:09:29,000 --> 00:09:32,520 Speaker 1: speaking to me earlier today from the State's Apartment and 151 00:09:32,520 --> 00:09:35,120 Speaker 1: an interview wide ranging interview about how the State's Apartment 152 00:09:35,120 --> 00:09:37,640 Speaker 1: is looking to diversify the supply chain from the United 153 00:09:37,679 --> 00:09:40,600 Speaker 1: States and China and the network of standards that they're 154 00:09:40,640 --> 00:09:44,440 Speaker 1: trying to implement with allies, particularly in Europe as it 155 00:09:44,480 --> 00:09:46,360 Speaker 1: relates to five G. And of course I had to 156 00:09:46,679 --> 00:09:49,000 Speaker 1: how to get in some NBA basketball in there as well. 157 00:09:49,440 --> 00:09:51,840 Speaker 1: My name is Kevin Cilli, and I'm the chief Washington 158 00:09:51,840 --> 00:09:55,680 Speaker 1: correspondent for Bloomberg Television and for Bloomberg Radio. And coming 159 00:09:55,760 --> 00:09:57,920 Speaker 1: up later on in the program, we're gonna actually check 160 00:09:57,960 --> 00:10:01,160 Speaker 1: in with the founder and CEO of A Milano which 161 00:10:01,160 --> 00:10:05,439 Speaker 1: starts curb side pickup iconic DC restaurant, Franco News k 162 00:10:05,720 --> 00:10:09,920 Speaker 1: Say is gonna join us live here on UH on 163 00:10:10,200 --> 00:10:12,320 Speaker 1: Bloomberg Sound On. But first I want to check in 164 00:10:12,480 --> 00:10:13,880 Speaker 1: and this was a segment that I wanted to do 165 00:10:13,960 --> 00:10:16,480 Speaker 1: for a while with David Chavern. He's the president and 166 00:10:16,600 --> 00:10:20,600 Speaker 1: CEO of the News Media Alliance. David, are you there, Yes, 167 00:10:20,679 --> 00:10:23,880 Speaker 1: I am Kevin. Thanks very much for having me anytime anytime. 168 00:10:23,920 --> 00:10:26,319 Speaker 1: You know, we've been talking about this in the Bloomberg 169 00:10:26,360 --> 00:10:29,880 Speaker 1: news room virtually, of course, about the importance of local 170 00:10:30,120 --> 00:10:34,680 Speaker 1: news and how how COVID nineteen has really just shown 171 00:10:34,720 --> 00:10:38,040 Speaker 1: a spotlight on the importance of local news, local blogs, 172 00:10:38,080 --> 00:10:40,360 Speaker 1: local websites, because that's how a lot of people are 173 00:10:40,360 --> 00:10:43,760 Speaker 1: getting their information right now, these trusted local outlets, whether 174 00:10:43,800 --> 00:10:46,600 Speaker 1: it's on television, whether it's on the radio or in print. 175 00:10:47,160 --> 00:10:51,320 Speaker 1: And you are fighting this five front war essentially right now, 176 00:10:51,600 --> 00:10:55,000 Speaker 1: tell me about it. Yeah, Well, it's interesting point you make. 177 00:10:55,080 --> 00:10:57,400 Speaker 1: You know, we had gotten used to what I call 178 00:10:57,559 --> 00:11:02,280 Speaker 1: the the nationalization of there's attention, people paying relatively more 179 00:11:02,320 --> 00:11:06,439 Speaker 1: attention to national and general interest stories than say, our 180 00:11:06,480 --> 00:11:09,120 Speaker 1: parents would have. But in this moment, it turns out 181 00:11:09,160 --> 00:11:11,839 Speaker 1: when you have a real crisis, that everybody the telescope 182 00:11:11,920 --> 00:11:15,640 Speaker 1: spins around, and that people are intensely focused about local 183 00:11:15,720 --> 00:11:18,200 Speaker 1: what where's the COVID cases? Where do I get tested? 184 00:11:18,760 --> 00:11:20,760 Speaker 1: You know, what's the shelter in place order? And it 185 00:11:20,800 --> 00:11:25,600 Speaker 1: really shows the importance of a local news ecosystem really 186 00:11:25,600 --> 00:11:28,120 Speaker 1: when you need it the most. And basically we're working 187 00:11:28,160 --> 00:11:32,160 Speaker 1: on two broad things. One helping to the industry get 188 00:11:32,200 --> 00:11:37,560 Speaker 1: through COVID nineteen crisis, and this gets into stimulus issues 189 00:11:37,600 --> 00:11:40,960 Speaker 1: and and being essential workers and the rest. But we've 190 00:11:41,000 --> 00:11:43,680 Speaker 1: also been finding a kind of long term battle about 191 00:11:43,720 --> 00:11:47,960 Speaker 1: getting more value back from Google and Facebook and the 192 00:11:48,040 --> 00:11:51,440 Speaker 1: digital ecosystem to support the business long term. So I 193 00:11:51,480 --> 00:11:54,120 Speaker 1: think this is fascinating because especially from a local news 194 00:11:54,160 --> 00:11:57,680 Speaker 1: media perspective. David Chaverns on the line, You've spent something 195 00:11:57,720 --> 00:12:00,680 Speaker 1: like thirty years and executive strategic and opera rational roles. 196 00:12:00,679 --> 00:12:03,240 Speaker 1: You also had a you are the previously at the 197 00:12:03,280 --> 00:12:07,240 Speaker 1: Chamber of Commerce. Served uh as executive vice president and 198 00:12:07,320 --> 00:12:10,320 Speaker 1: chief operating officer for the for the Chamber of Commerce 199 00:12:10,360 --> 00:12:13,040 Speaker 1: from two thousand seven to two thousand and fourteen. We 200 00:12:13,080 --> 00:12:17,880 Speaker 1: talk a lot about small town journalism, main street journalism, 201 00:12:17,920 --> 00:12:21,840 Speaker 1: but who owns those news sources is crucially important. And 202 00:12:21,880 --> 00:12:24,480 Speaker 1: you just alluded to Google and Facebook in particular, and 203 00:12:24,520 --> 00:12:30,280 Speaker 1: how that information and unfortunately sometimes misinformation gets spread on 204 00:12:30,360 --> 00:12:32,880 Speaker 1: these platforms. What does the news what are you guys 205 00:12:32,880 --> 00:12:35,840 Speaker 1: doing to prevent that from happening, And how do we 206 00:12:35,880 --> 00:12:40,000 Speaker 1: make sure that Silicon Valley isn't tilting the scale in 207 00:12:40,160 --> 00:12:45,480 Speaker 1: favor of a negative influence? Yeah, it's people still think 208 00:12:45,520 --> 00:12:48,720 Speaker 1: about the industry in terms of the print product, you know, 209 00:12:48,840 --> 00:12:51,320 Speaker 1: the physical newspaper, which is still a great product, by 210 00:12:51,320 --> 00:12:53,680 Speaker 1: the way, a lot of people use it, but the 211 00:12:53,760 --> 00:12:57,480 Speaker 1: vast majority of our audience is digital and obviously that's 212 00:12:57,520 --> 00:13:01,600 Speaker 1: increasing all the time. And you know, my basic message 213 00:13:01,600 --> 00:13:04,680 Speaker 1: to Selicon Valley has always been listening. If you have 214 00:13:04,760 --> 00:13:07,800 Speaker 1: a fake news problem, guess what we're We're in the 215 00:13:07,840 --> 00:13:11,640 Speaker 1: real news business. We're we're the antidote for that problem. 216 00:13:11,679 --> 00:13:16,800 Speaker 1: And so we need to have a sustainable business arrangement 217 00:13:16,840 --> 00:13:20,600 Speaker 1: with you where our content is distributed primarily now through 218 00:13:20,640 --> 00:13:23,800 Speaker 1: Google and Facebook, and we get very little value back 219 00:13:24,200 --> 00:13:27,480 Speaker 1: and that's not a sustainable model. And by the way, 220 00:13:27,520 --> 00:13:30,240 Speaker 1: as we become more and more digital, it also means 221 00:13:30,280 --> 00:13:33,920 Speaker 1: that the business becomes harder and harder all the time. 222 00:13:34,280 --> 00:13:37,079 Speaker 1: So if we if for the next crisis, noting this crisis, 223 00:13:37,120 --> 00:13:39,240 Speaker 1: but for the next one, if we want to have 224 00:13:39,640 --> 00:13:43,040 Speaker 1: a strong local news local journalism, we're gonna need to 225 00:13:43,080 --> 00:13:46,640 Speaker 1: get value back from the big tech platforms if we 226 00:13:46,679 --> 00:13:50,160 Speaker 1: hope to sustain ourselves. So so, and you and I 227 00:13:50,200 --> 00:13:53,640 Speaker 1: have talked about this offline. David Chavern, who is president 228 00:13:53,640 --> 00:13:56,160 Speaker 1: and CEO of News Media Alliance, which is the news 229 00:13:56,200 --> 00:14:00,880 Speaker 1: industry's largest trade organization, and it's it's not necessarily folks, 230 00:14:00,920 --> 00:14:04,240 Speaker 1: when you think of corporate media. What he represents is 231 00:14:04,320 --> 00:14:09,839 Speaker 1: all of the small town America's uh newspapers, digital resources 232 00:14:09,840 --> 00:14:12,600 Speaker 1: and whatnot. There's legislation that has been making its way 233 00:14:12,640 --> 00:14:16,120 Speaker 1: on Capitol Hill by part doesn't mind you by parties legislation, 234 00:14:16,720 --> 00:14:18,160 Speaker 1: give me an update on where that stands. I know 235 00:14:18,160 --> 00:14:20,160 Speaker 1: it's probably on pause because of COVID. But but tell 236 00:14:20,160 --> 00:14:24,320 Speaker 1: me about where that stands. Yeah. What Uh this film, 237 00:14:24,440 --> 00:14:28,640 Speaker 1: which again uh has Amy has co sponsors, just a 238 00:14:28,680 --> 00:14:31,840 Speaker 1: few of them, by the way, Amy Klobachar, John Kennedy, 239 00:14:32,280 --> 00:14:35,600 Speaker 1: Mitch McConnell's a co sponsor. David Cicillini in the House 240 00:14:36,120 --> 00:14:40,480 Speaker 1: Dark Collins, you know, very bipartisans. What does it do? Yeah, 241 00:14:40,600 --> 00:14:45,240 Speaker 1: what it would do is would allow news publishers to 242 00:14:45,400 --> 00:14:49,640 Speaker 1: collectively to come together and collectively bargain with Google and 243 00:14:49,640 --> 00:14:53,320 Speaker 1: Facebook for a better deal. The weirdly, the current anti 244 00:14:53,320 --> 00:14:58,760 Speaker 1: trust laws protect Google and Facebook from us, weirdly and ironically, 245 00:14:59,280 --> 00:15:02,560 Speaker 1: and so this is basically would allow us to come 246 00:15:02,600 --> 00:15:06,080 Speaker 1: together and negotiate as a group to get a better 247 00:15:06,160 --> 00:15:08,600 Speaker 1: deal on a better deals about money, it's about data, 248 00:15:08,720 --> 00:15:12,880 Speaker 1: it's about algorithms, but you know, to basically have a 249 00:15:12,960 --> 00:15:15,720 Speaker 1: chance to fight for our future. And and just a 250 00:15:15,760 --> 00:15:19,240 Speaker 1: couple more questions here, David, how how what are how 251 00:15:19,320 --> 00:15:22,520 Speaker 1: much of a threat our foreign governments? You know, earlier 252 00:15:22,560 --> 00:15:24,560 Speaker 1: on in the program, I had the under Secretary for 253 00:15:24,600 --> 00:15:27,520 Speaker 1: Economic Affairs at the State Department, Keith croc on and 254 00:15:27,520 --> 00:15:30,280 Speaker 1: in an exclusive interview, and he was talking about or 255 00:15:30,320 --> 00:15:34,560 Speaker 1: alluding to the misinformation campaigns from China, for example, and 256 00:15:34,560 --> 00:15:37,600 Speaker 1: it's been widely reported in the past several weeks about 257 00:15:37,600 --> 00:15:40,560 Speaker 1: how China has launched their own the Communist Party of 258 00:15:40,640 --> 00:15:43,880 Speaker 1: China has launched their own misinformation campaigns on their own 259 00:15:43,920 --> 00:15:47,800 Speaker 1: social media platforms. How important is it to protect the 260 00:15:47,840 --> 00:15:56,320 Speaker 1: integrity of local news from these horrific misinformation campaigns? Uh, tremendously. 261 00:15:56,440 --> 00:15:58,560 Speaker 1: First of all, a lot people are just thinking about, 262 00:15:59,280 --> 00:16:03,960 Speaker 1: you know, foreign interference and disinformation as being just about 263 00:16:04,080 --> 00:16:06,800 Speaker 1: national issues, but what we saw, what we see is 264 00:16:06,840 --> 00:16:11,800 Speaker 1: that they dig in and create controversies at a local level. 265 00:16:11,880 --> 00:16:16,120 Speaker 1: So you need a good local journalism voice to respond. Also, 266 00:16:16,480 --> 00:16:19,720 Speaker 1: one of the complaints we have actually but first of all, 267 00:16:19,720 --> 00:16:21,840 Speaker 1: Google and Facebook, I complain about them a lot, but 268 00:16:21,880 --> 00:16:26,040 Speaker 1: they're tremendous distribution systems, but if they don't make it 269 00:16:26,160 --> 00:16:29,600 Speaker 1: a sustainable way to to publish news, and one of 270 00:16:29,600 --> 00:16:33,160 Speaker 1: the reasons is they tend to suppress the brands. People 271 00:16:33,240 --> 00:16:37,720 Speaker 1: see a flood of information through their news feed or uh, 272 00:16:37,800 --> 00:16:42,040 Speaker 1: you know, through a social feed, and where the information 273 00:16:42,120 --> 00:16:45,760 Speaker 1: comes from gets suppressed and so people aren't trained to 274 00:16:46,680 --> 00:16:50,560 Speaker 1: or they've forgotten at some level how much we have 275 00:16:50,600 --> 00:16:54,200 Speaker 1: to pay attention to the origin of the content and again, 276 00:16:54,280 --> 00:16:58,160 Speaker 1: are my members. Content is an answer for disinformation, but 277 00:16:58,280 --> 00:17:00,440 Speaker 1: we also need to work hard to make sure people 278 00:17:00,840 --> 00:17:04,440 Speaker 1: understand where the news is coming from and not just 279 00:17:04,600 --> 00:17:06,760 Speaker 1: to believe something because it shows up in your news 280 00:17:06,800 --> 00:17:10,480 Speaker 1: seek David Chamern, I think that's fascinating, especially that point 281 00:17:10,520 --> 00:17:14,840 Speaker 1: about how bad actors are actually even penetrating on a local, 282 00:17:15,320 --> 00:17:18,119 Speaker 1: local level, folks. I mean that that to me is 283 00:17:18,600 --> 00:17:21,359 Speaker 1: that's that says it all. David Chaperon, he's the president 284 00:17:21,359 --> 00:17:23,720 Speaker 1: and CEO of the News Media Alliance, giving us an 285 00:17:23,800 --> 00:17:25,840 Speaker 1: upstate on the important work that the organization is doing, 286 00:17:26,320 --> 00:17:29,200 Speaker 1: by partisan work that they're doing to protect the integrity 287 00:17:29,200 --> 00:17:32,119 Speaker 1: of local news. Thank you, David. You're welcome back any time. 288 00:17:32,520 --> 00:17:34,240 Speaker 1: I want to pivot now to go back to foreign 289 00:17:34,280 --> 00:17:37,199 Speaker 1: policy because Secretary of State Mike Pompeo is going to 290 00:17:37,240 --> 00:17:40,639 Speaker 1: travel to Israel this week, and that means we have 291 00:17:40,720 --> 00:17:43,040 Speaker 1: to check in with Matt Brooks. He's a Republican strategist 292 00:17:43,280 --> 00:17:46,240 Speaker 1: and the executive director of the Republican Jewish Coalition. Matt, 293 00:17:46,280 --> 00:17:48,440 Speaker 1: thank you for calling in. How are you, buddy? I'm 294 00:17:48,480 --> 00:17:50,600 Speaker 1: doing great. How are you doing good? It can't complain, 295 00:17:50,640 --> 00:17:54,080 Speaker 1: can't complain. Uh, it's finally warming up a little, you know. Well, 296 00:17:54,119 --> 00:17:56,359 Speaker 1: now it's now I'm looking out my window and actually 297 00:17:56,359 --> 00:17:57,800 Speaker 1: the gust of wind just took out one of my 298 00:17:57,880 --> 00:18:02,159 Speaker 1: lawn chairs. But too much information, enough about me. But 299 00:18:02,760 --> 00:18:05,800 Speaker 1: Secretary of Pompeo is traveling to Israel. This is I believe, 300 00:18:05,880 --> 00:18:10,000 Speaker 1: his first trip abroad since this is UH tapped, since 301 00:18:10,040 --> 00:18:12,199 Speaker 1: all of this has gone down. Why is it so 302 00:18:12,240 --> 00:18:14,119 Speaker 1: important that he's traveling to Israel and what does that 303 00:18:14,160 --> 00:18:19,160 Speaker 1: show about the importance of of the US Israeli alliance. Well, 304 00:18:19,160 --> 00:18:21,720 Speaker 1: first of all, I do think it's important that, uh, 305 00:18:21,880 --> 00:18:24,359 Speaker 1: you know, especially with all the hotspots and all the 306 00:18:24,359 --> 00:18:29,240 Speaker 1: difficulties around the world. Uh, the Secretary of State felt 307 00:18:29,240 --> 00:18:33,000 Speaker 1: it important enough to travel to Israel both to I think, 308 00:18:33,040 --> 00:18:36,760 Speaker 1: congratulate and formally begin to work with the newly elected, 309 00:18:37,000 --> 00:18:41,800 Speaker 1: uh newly installed government UH in Israel. And I think 310 00:18:41,840 --> 00:18:44,320 Speaker 1: that you know, this isn't coming into a very very 311 00:18:44,359 --> 00:18:48,960 Speaker 1: important time as as UH we do now have a government, 312 00:18:48,960 --> 00:18:52,560 Speaker 1: we have leadership in Israel. I believe that the President 313 00:18:52,640 --> 00:18:55,160 Speaker 1: and the Secretary of State and Prime Minister net Yaho 314 00:18:55,200 --> 00:18:58,359 Speaker 1: all want to try and get movement on the Trump 315 00:18:58,720 --> 00:19:02,480 Speaker 1: Peace Initiative. And I think everybody realizes that, uh, you know, 316 00:19:02,520 --> 00:19:04,679 Speaker 1: we have a ticking time. We have a ticking clock, 317 00:19:05,320 --> 00:19:08,560 Speaker 1: UH as it relates to the elections in November. UH, 318 00:19:08,560 --> 00:19:11,439 Speaker 1: so we don't really have a lot of opportunity to 319 00:19:11,480 --> 00:19:13,920 Speaker 1: sort of drag our feet. So I think that the 320 00:19:14,240 --> 00:19:17,480 Speaker 1: Secretary is going over there UH to to work with 321 00:19:17,520 --> 00:19:21,400 Speaker 1: the new uh government and to hopefully continue to move 322 00:19:22,240 --> 00:19:24,359 Speaker 1: the Trump vision for peace in the Middle East forward. 323 00:19:24,640 --> 00:19:27,560 Speaker 1: So I mean, you know, it is fascinating how foreign 324 00:19:27,600 --> 00:19:31,000 Speaker 1: policy obviously is not on pause, but foreign policy and 325 00:19:31,040 --> 00:19:36,000 Speaker 1: geopolitics has had to adjust, just like businesses and politics 326 00:19:36,000 --> 00:19:39,040 Speaker 1: and everything in the world has had to recalibrate. In 327 00:19:39,080 --> 00:19:43,040 Speaker 1: Waker COVID nineteen. Here is Israel with a new government 328 00:19:43,280 --> 00:19:47,720 Speaker 1: and you know, now this peace plan that was rolled 329 00:19:47,760 --> 00:19:51,880 Speaker 1: out a couple of months ago, uh, and you're still 330 00:19:51,920 --> 00:19:54,920 Speaker 1: saying that it could still get worked on, even as 331 00:19:55,160 --> 00:19:57,880 Speaker 1: Israel and Palestine are like the rest of the world 332 00:19:57,880 --> 00:20:01,200 Speaker 1: on knockdown. Yeah, it has to be. And in Israel 333 00:20:01,280 --> 00:20:03,000 Speaker 1: is starting to you know, they're a little ahead of 334 00:20:03,080 --> 00:20:06,600 Speaker 1: us in terms of opening things up. They took a 335 00:20:06,720 --> 00:20:11,760 Speaker 1: much more draconian approach to UH to mitigating the impacts 336 00:20:11,760 --> 00:20:15,160 Speaker 1: of COVID in Israel and and literally shut everything down 337 00:20:15,960 --> 00:20:19,160 Speaker 1: very early on. They're now just starting to to uh 338 00:20:19,400 --> 00:20:22,680 Speaker 1: loosen things up, get back into the uh the swing 339 00:20:22,720 --> 00:20:25,840 Speaker 1: of things and and uh we'll see how that goes 340 00:20:25,920 --> 00:20:29,440 Speaker 1: over there. But you know, they did a remarkable job 341 00:20:29,760 --> 00:20:35,359 Speaker 1: limiting the number of COVID cases and COVID fatalities. UH 342 00:20:35,480 --> 00:20:39,000 Speaker 1: in Israel's certainly disproportionately on a on a per capita 343 00:20:39,040 --> 00:20:43,000 Speaker 1: basia basis, much much better than any other industrialized, UH, 344 00:20:43,320 --> 00:20:45,760 Speaker 1: first world country did. All right, let's pivot back to 345 00:20:45,840 --> 00:20:49,879 Speaker 1: domestic politics because this everyone politically and conservative blogs and 346 00:20:50,040 --> 00:20:53,679 Speaker 1: liberal blogs are talking about how the president's really asking 347 00:20:53,760 --> 00:20:58,760 Speaker 1: some new questions for for for former President Barack Obama. 348 00:20:59,080 --> 00:21:03,160 Speaker 1: How is this going to play and shape the two 349 00:21:03,359 --> 00:21:06,560 Speaker 1: the two thousand twenty closing political arguments. I would imagine 350 00:21:06,600 --> 00:21:09,960 Speaker 1: it's going to be a massive issue in the debates, 351 00:21:11,240 --> 00:21:17,560 Speaker 1: There's no question obviously. You know. The reality is is that, uh, 352 00:21:17,600 --> 00:21:20,560 Speaker 1: I think we're going to try and paint Joe Biden 353 00:21:20,600 --> 00:21:23,119 Speaker 1: as an extension and a continuation a third term of 354 00:21:24,080 --> 00:21:26,520 Speaker 1: of Barack Obama, certainly as it relates to Israel and 355 00:21:26,520 --> 00:21:28,440 Speaker 1: the foreign policy. That's the case that we're going to 356 00:21:28,520 --> 00:21:33,359 Speaker 1: make because the sharp contrast between President Trump UH and 357 00:21:33,520 --> 00:21:36,680 Speaker 1: Barack Obama is related to US as relations UH couldn't 358 00:21:36,680 --> 00:21:39,439 Speaker 1: be starker, but domestically as well. And the stuff that 359 00:21:39,480 --> 00:21:43,360 Speaker 1: has now been coming out and the revelations about UH, 360 00:21:43,400 --> 00:21:47,199 Speaker 1: the involvement of senior members of the administration in in 361 00:21:47,760 --> 00:21:51,720 Speaker 1: trying to UH and trap and cover up the actions 362 00:21:51,720 --> 00:21:54,359 Speaker 1: of the FBI in terms of using it as a 363 00:21:54,400 --> 00:21:57,960 Speaker 1: political tool are just very very troubling. But you know, Kevin, 364 00:21:58,000 --> 00:22:01,679 Speaker 1: at the end of the day, UH, you know, Donald 365 00:22:01,720 --> 00:22:05,960 Speaker 1: Trump isn't isn't running against Joe Biden. Donald Trump's opponent 366 00:22:06,000 --> 00:22:10,600 Speaker 1: in this election is the coronavirus, and so is Joe Biden's. Right. 367 00:22:10,640 --> 00:22:12,720 Speaker 1: I mean, they're both in a way gonna have to 368 00:22:12,800 --> 00:22:14,800 Speaker 1: run against this. This is without question going to be 369 00:22:14,840 --> 00:22:18,080 Speaker 1: a populist election. Sorry to interrupt your go ahead. Oh no, 370 00:22:18,160 --> 00:22:20,840 Speaker 1: I think that's exactly correct. And so the real question 371 00:22:20,920 --> 00:22:24,399 Speaker 1: is going to be, UM, who's the best person to 372 00:22:24,520 --> 00:22:28,640 Speaker 1: lead this country out of this economic crisis and reignite 373 00:22:28,760 --> 00:22:32,120 Speaker 1: and restart the economic engine. And there's no question after 374 00:22:32,280 --> 00:22:38,240 Speaker 1: three years of unbelievably historic growth UH and unprecedented job 375 00:22:38,320 --> 00:22:40,840 Speaker 1: creation that I think a lot of people are gonna 376 00:22:40,840 --> 00:22:43,040 Speaker 1: look to to Trump as as the doer, as the 377 00:22:43,080 --> 00:22:45,879 Speaker 1: guy who can get things done, uh and bring us 378 00:22:45,880 --> 00:22:48,080 Speaker 1: out of this. And I think that's a good contrast 379 00:22:48,119 --> 00:22:50,760 Speaker 1: with with Biden. That Brooks, it's always great to catch 380 00:22:50,800 --> 00:22:53,280 Speaker 1: up with. You go get yourself a cheesesteak. Alright, Matt, 381 00:22:53,600 --> 00:22:57,240 Speaker 1: save me a Tony Luke. I got them. I got 382 00:22:57,359 --> 00:22:59,119 Speaker 1: enough Tony lyrics to last week to the end of 383 00:22:59,160 --> 00:23:01,800 Speaker 1: the year. Tell any my brother Tony back in Philly's 384 00:23:01,840 --> 00:23:04,000 Speaker 1: South Philly. He sent me a bunch. I was homesick. 385 00:23:04,040 --> 00:23:06,000 Speaker 1: I said, Tony, I want some cheese steaks. He said, 386 00:23:06,160 --> 00:23:08,360 Speaker 1: I got your covered, brother. And now everyone's like, where 387 00:23:08,359 --> 00:23:10,240 Speaker 1: do I got the cheese steaks? You know, Matt Brooks, 388 00:23:10,280 --> 00:23:14,280 Speaker 1: Republican Strategistant Executive director of the Republican Jewish Coalition, always 389 00:23:14,280 --> 00:23:17,280 Speaker 1: down for for a hoagie or a cheeseake. I'm Kevin Cereli, 390 00:23:17,440 --> 00:23:20,480 Speaker 1: Chief Washington correspondent for Bloomberg Television and Radio. And you're 391 00:23:20,480 --> 00:23:25,560 Speaker 1: listening to Bloomberg. You're listening to Bloomberg. Sound On with 392 00:23:25,680 --> 00:23:29,760 Speaker 1: Kevin Surley on Bloomberg and one oh five point seven 393 00:23:29,800 --> 00:23:32,600 Speaker 1: f M h D two. My name is Kevin Cerelli. 394 00:23:32,640 --> 00:23:35,680 Speaker 1: I'm the chief Washington correspondent for Bloomberg Television and for 395 00:23:35,800 --> 00:23:38,199 Speaker 1: Bloomberg Radio. I just got off the phone with my 396 00:23:38,280 --> 00:23:40,920 Speaker 1: dad because I had to do some prep for this 397 00:23:41,000 --> 00:23:45,480 Speaker 1: next interview with Franco nous Qua say, who's the founder 398 00:23:45,480 --> 00:23:48,200 Speaker 1: and owner of Cafe Milano? And I said, I couldn't 399 00:23:48,240 --> 00:23:52,760 Speaker 1: interview the iconic Franco, the founder and owner of the 400 00:23:52,880 --> 00:23:56,879 Speaker 1: equally as iconic Cafe Milano, based in Washington, D C. 401 00:23:57,000 --> 00:23:59,240 Speaker 1: And Georgetown, if I didn't know a part of Italy. 402 00:23:59,600 --> 00:24:02,280 Speaker 1: My aunt sisters are from a brute cy, I'm told, 403 00:24:02,320 --> 00:24:04,000 Speaker 1: and I checked in with my aunt Adeline as well. 404 00:24:04,000 --> 00:24:07,040 Speaker 1: We're from the brute cy off the coast. Franco. Uh, 405 00:24:07,040 --> 00:24:09,479 Speaker 1: and you've got some big news, buddy. You guys are 406 00:24:09,520 --> 00:24:14,879 Speaker 1: opening up curbside tonight, aren't you. Yes, we indeed are. Kevin. 407 00:24:15,960 --> 00:24:19,359 Speaker 1: Keep in mind that the brutes sees the places where 408 00:24:19,400 --> 00:24:23,000 Speaker 1: the best chef are coming from. They say that, you know, 409 00:24:23,119 --> 00:24:25,840 Speaker 1: being close to the sea and close to the month, 410 00:24:25,920 --> 00:24:29,520 Speaker 1: and they are able to put together always a lot 411 00:24:29,560 --> 00:24:32,879 Speaker 1: of great dishes. I love that. I love that because 412 00:24:32,880 --> 00:24:34,199 Speaker 1: I am a big fan of it. But I am 413 00:24:34,200 --> 00:24:36,280 Speaker 1: from the amount because I wanted to remind you, and 414 00:24:36,280 --> 00:24:39,440 Speaker 1: our chef is from Tuscany. All right, well you know, hey, 415 00:24:39,800 --> 00:24:42,159 Speaker 1: more Italians are better. Listen. I do you have a question. 416 00:24:42,200 --> 00:24:44,359 Speaker 1: You guys have a new menu curbside. You've tweeked it 417 00:24:44,400 --> 00:24:47,040 Speaker 1: because I was looking at the notes you sent over 418 00:24:47,119 --> 00:24:49,919 Speaker 1: to me and you said you can't have some. You 419 00:24:50,040 --> 00:24:53,960 Speaker 1: actually changed your your menu for curbside so that if 420 00:24:53,960 --> 00:24:56,639 Speaker 1: you do order curbside from Cafe Milano, you're still getting 421 00:24:56,880 --> 00:25:01,719 Speaker 1: the Cafe Milano experience and in a curbside way, explain 422 00:25:01,760 --> 00:25:06,600 Speaker 1: to me what's on the menu. That's right, that's to 423 00:25:06,680 --> 00:25:09,560 Speaker 1: let you know, I mean the menu, all the dishes 424 00:25:10,280 --> 00:25:16,880 Speaker 1: on the menu. I would say, of the dishes are 425 00:25:16,920 --> 00:25:19,080 Speaker 1: the same that we have or that we are offering 426 00:25:20,359 --> 00:25:24,280 Speaker 1: on the regular menu. But of course with the curb side, 427 00:25:24,840 --> 00:25:28,080 Speaker 1: you know, we have to modify because the most important 428 00:25:28,119 --> 00:25:32,360 Speaker 1: thing is for us is to be able to deliver quality. 429 00:25:33,040 --> 00:25:38,800 Speaker 1: And we know that we're facing the challenge of picking up. 430 00:25:39,520 --> 00:25:44,280 Speaker 1: You know, we don't know how long the client is 431 00:25:44,320 --> 00:25:48,440 Speaker 1: gonna take to eat to eat the food, so that 432 00:25:48,480 --> 00:25:51,720 Speaker 1: plays a very big roll. Sometimes we have to give 433 00:25:51,760 --> 00:25:54,240 Speaker 1: it to a driver. The driver we don't know how 434 00:25:54,520 --> 00:25:57,480 Speaker 1: how far it's gonna take it. So it's very important 435 00:25:57,480 --> 00:26:01,120 Speaker 1: that we make some small adjustment and to make sure 436 00:26:01,240 --> 00:26:05,280 Speaker 1: that our food can travel. You know, our we got 437 00:26:05,359 --> 00:26:11,040 Speaker 1: in food, our menu, our concept, most of the menu 438 00:26:11,400 --> 00:26:14,240 Speaker 1: doesn't really traveled well. So we have to just adjust 439 00:26:14,280 --> 00:26:17,480 Speaker 1: that and make sure that we would pick with with 440 00:26:17,560 --> 00:26:20,240 Speaker 1: the chef, that we would pick vishes that it would 441 00:26:20,320 --> 00:26:23,080 Speaker 1: they would stay well, that would travel well. I love that. 442 00:26:23,320 --> 00:26:25,720 Speaker 1: I love that because that just speaks to how you're 443 00:26:26,160 --> 00:26:29,720 Speaker 1: you're taking you know, even pride in in curbside and 444 00:26:29,720 --> 00:26:32,119 Speaker 1: and you're not just gonna get you know, mush when 445 00:26:32,200 --> 00:26:34,440 Speaker 1: you order curbside from Milano, you're gonna get the full 446 00:26:34,480 --> 00:26:37,720 Speaker 1: Milano experience in a curbside box. I love that Reckon 447 00:26:38,119 --> 00:26:40,600 Speaker 1: Case is on the line. He's the h he's uh, 448 00:26:40,680 --> 00:26:45,160 Speaker 1: the CEO and owner of Cafe Milano, which is an iconic, 449 00:26:45,600 --> 00:26:50,159 Speaker 1: iconic DC restaurant. Actually, at your anniversary party, Franco, I 450 00:26:50,200 --> 00:26:53,560 Speaker 1: met Michael Jordan's I shook Michael Jordan's hands right there. 451 00:26:53,680 --> 00:26:56,600 Speaker 1: Cafe Milana will never forget that. But I heard I 452 00:26:56,680 --> 00:26:58,800 Speaker 1: heard that you're that you're having Let me ask you, 453 00:26:58,840 --> 00:27:01,959 Speaker 1: how has how has this out down impacted your business? 454 00:27:02,040 --> 00:27:08,119 Speaker 1: Right though? Well, you know the biggest issue. You know, 455 00:27:09,160 --> 00:27:12,480 Speaker 1: first of all, you know it is the busiest season 456 00:27:12,520 --> 00:27:15,440 Speaker 1: of the year for us. Between the month of March. 457 00:27:15,520 --> 00:27:18,760 Speaker 1: The middle of March and the middle of June is 458 00:27:19,440 --> 00:27:23,040 Speaker 1: those three months are pretty much the best quarters that 459 00:27:23,200 --> 00:27:25,919 Speaker 1: we have here due to the fact that we have 460 00:27:26,440 --> 00:27:29,640 Speaker 1: a lot of events, a lot of delegation coming from 461 00:27:29,640 --> 00:27:32,000 Speaker 1: out of town, and of course a lot of graduation 462 00:27:32,359 --> 00:27:37,040 Speaker 1: for the Bands of May. But the biggest issue is 463 00:27:37,280 --> 00:27:40,040 Speaker 1: right now, it's dell certainly that we don't know when 464 00:27:40,040 --> 00:27:42,520 Speaker 1: we're gonna be able to open. We don't know what 465 00:27:42,600 --> 00:27:46,720 Speaker 1: the restriction they're gonna be, how would be the public react, 466 00:27:48,040 --> 00:27:51,000 Speaker 1: and what happened if there's gonna be some new cases 467 00:27:52,080 --> 00:27:56,760 Speaker 1: infection right after we open. You know, we will be 468 00:27:56,800 --> 00:28:00,960 Speaker 1: doing everything imaginable to make a family and a safe place. 469 00:28:01,000 --> 00:28:05,280 Speaker 1: And no matter what a would cost, this is no 470 00:28:05,359 --> 00:28:08,359 Speaker 1: longer story of trying to save money during this is 471 00:28:08,359 --> 00:28:11,679 Speaker 1: a difficult time for me. This is really that I 472 00:28:11,680 --> 00:28:13,879 Speaker 1: will spend most of the time to make sure that 473 00:28:13,920 --> 00:28:16,959 Speaker 1: the people are very, very happy and most of them safe. 474 00:28:17,400 --> 00:28:20,920 Speaker 1: Franco Franko, I gotta ask this difficult question. If this 475 00:28:21,040 --> 00:28:25,280 Speaker 1: keeps going on, how much longer can Cafe Milana survive 476 00:28:26,040 --> 00:28:30,480 Speaker 1: before it has to make a difficult decision of shutting down. None, No, 477 00:28:30,600 --> 00:28:33,320 Speaker 1: this is it is an important question, very very important, 478 00:28:33,400 --> 00:28:36,600 Speaker 1: very interesting question. Now. The thing is is that we will. 479 00:28:37,280 --> 00:28:40,680 Speaker 1: We will see how long it's going to take for 480 00:28:40,960 --> 00:28:43,160 Speaker 1: the mayor to decide. And I understand that she does. 481 00:28:43,960 --> 00:28:47,640 Speaker 1: She needs to look after she has sais safest signs 482 00:28:48,000 --> 00:28:51,680 Speaker 1: and safest first. You know, we could go. We will 483 00:28:51,720 --> 00:28:54,120 Speaker 1: see if it's gonna take another month, it might take 484 00:28:54,160 --> 00:28:57,960 Speaker 1: a couple a couple of months. And the fact, Kevin, 485 00:28:58,000 --> 00:29:00,400 Speaker 1: that even if we're going to open in June, let's 486 00:29:00,440 --> 00:29:03,280 Speaker 1: say the first week in July, that really doesn't really 487 00:29:03,320 --> 00:29:06,719 Speaker 1: mean much. We have to prepare ourselves for it at 488 00:29:06,800 --> 00:29:10,240 Speaker 1: least six months to have fifty percent to our business, 489 00:29:10,720 --> 00:29:14,280 Speaker 1: and we will do the best to keep it. And 490 00:29:15,560 --> 00:29:18,400 Speaker 1: it's not going to be easy. It's gonna take a 491 00:29:18,400 --> 00:29:23,560 Speaker 1: lot of negotiations, you know, with the landlord for example. 492 00:29:23,640 --> 00:29:27,720 Speaker 1: You know, we just have to make sure that we're 493 00:29:27,760 --> 00:29:32,160 Speaker 1: all having a long vision because that's the only way 494 00:29:32,200 --> 00:29:35,880 Speaker 1: that we can succeed. We've been here twenty seven years, 495 00:29:35,880 --> 00:29:39,840 Speaker 1: as you know, and we will we will definitely try 496 00:29:39,880 --> 00:29:42,240 Speaker 1: and give it the best that we can, but we 497 00:29:42,360 --> 00:29:45,760 Speaker 1: just have to work together. And after all, I don't 498 00:29:45,800 --> 00:29:48,920 Speaker 1: think there will be too many banks or investors giving 499 00:29:49,000 --> 00:29:52,360 Speaker 1: money to restaurants in the next few years. So you're 500 00:29:52,360 --> 00:29:55,400 Speaker 1: telling me the tenth book, Yes, you're telling me there's 501 00:29:55,400 --> 00:29:58,360 Speaker 1: a possibility that Kafe Milano might have to shut down. 502 00:29:58,400 --> 00:30:00,640 Speaker 1: If this, if there's no reopen things in the next 503 00:30:00,640 --> 00:30:05,640 Speaker 1: couple of months. Wow, I that that could be a possibility. 504 00:30:05,720 --> 00:30:09,640 Speaker 1: But we don't know. We don't know. We hope that 505 00:30:09,480 --> 00:30:12,120 Speaker 1: that's not the case. But at the end of the day, 506 00:30:12,120 --> 00:30:15,000 Speaker 1: we want to be able to protect also our employees 507 00:30:15,280 --> 00:30:18,280 Speaker 1: and our future employees. Let me, that's not gonna happen 508 00:30:18,640 --> 00:30:21,240 Speaker 1: in two months from now, at least it is two 509 00:30:21,280 --> 00:30:23,440 Speaker 1: months later. We want to still want to be here 510 00:30:23,680 --> 00:30:27,600 Speaker 1: and have a job for them. Have you been able 511 00:30:27,640 --> 00:30:29,480 Speaker 1: to get P P P? Have you applied? What have 512 00:30:29,520 --> 00:30:32,800 Speaker 1: you heard on P P P? Yes, we have applied 513 00:30:32,960 --> 00:30:35,560 Speaker 1: and we are very close to here. Yes, of course 514 00:30:35,560 --> 00:30:39,760 Speaker 1: it took Also, that took a long long time, Kevin, 515 00:30:39,800 --> 00:30:41,760 Speaker 1: because the first time, as you all know, there are 516 00:30:41,760 --> 00:30:46,080 Speaker 1: another money. I'm assuming there were so many applications. But 517 00:30:46,640 --> 00:30:49,360 Speaker 1: the bank has informed us that we will we should 518 00:30:49,440 --> 00:30:53,120 Speaker 1: hear a very very shortly. But the pepy loan, the 519 00:30:53,160 --> 00:30:57,560 Speaker 1: people loan concept um, it's a very good only in 520 00:30:57,560 --> 00:31:03,880 Speaker 1: theory um under discurrent guidelines and condition. He doesn't work 521 00:31:03,920 --> 00:31:06,800 Speaker 1: for every important group like the restaurants. I have to 522 00:31:06,840 --> 00:31:10,280 Speaker 1: tell you to take the adventure today. We will have 523 00:31:10,360 --> 00:31:13,640 Speaker 1: to play stuff while staying at room, which is a 524 00:31:13,680 --> 00:31:17,080 Speaker 1: waste of the government money. And he doesn't put the 525 00:31:17,200 --> 00:31:20,320 Speaker 1: restaurant in any better ship to face the future. Listen, 526 00:31:20,360 --> 00:31:21,840 Speaker 1: I want to ask you one more question. We've got 527 00:31:21,960 --> 00:31:25,480 Speaker 1: sixty seconds left. But what you know. You're someone who 528 00:31:25,560 --> 00:31:29,800 Speaker 1: is is iconic to Georgetown. Your restaurant has hosted everyone. 529 00:31:30,040 --> 00:31:31,240 Speaker 1: I mean, I don't even want to go through the 530 00:31:31,320 --> 00:31:34,280 Speaker 1: names everyone. Let me ask you, what are you drawing 531 00:31:34,480 --> 00:31:42,080 Speaker 1: on now as your compass to navigate through this difficult time. Franco, Well, 532 00:31:42,680 --> 00:31:45,520 Speaker 1: you know again it's a great question. I have to say. 533 00:31:45,680 --> 00:31:49,840 Speaker 1: He's really focusing or not only what we can do 534 00:31:50,000 --> 00:31:53,200 Speaker 1: now and pattention on a daily basis, what we can 535 00:31:53,320 --> 00:31:56,840 Speaker 1: cannot do, who we can approach, and again trying to 536 00:31:56,960 --> 00:32:00,520 Speaker 1: keep always that that that style, that reputic issue, but 537 00:32:00,640 --> 00:32:04,440 Speaker 1: at the same time looking at the a long run 538 00:32:04,840 --> 00:32:07,520 Speaker 1: three months from now, four months from now, six months 539 00:32:07,520 --> 00:32:10,840 Speaker 1: from now, because this is something that not only myself, 540 00:32:11,440 --> 00:32:15,680 Speaker 1: we all have to face that stage and just we 541 00:32:15,760 --> 00:32:17,959 Speaker 1: just can't think about in the next couple of months. 542 00:32:18,520 --> 00:32:21,440 Speaker 1: The idea is to see six months from now the 543 00:32:21,480 --> 00:32:24,440 Speaker 1: world has changed when we've got to come back. It's 544 00:32:24,480 --> 00:32:29,520 Speaker 1: not going to be We hope that is, and here 545 00:32:29,560 --> 00:32:33,320 Speaker 1: in some stage it could be. But in that case 546 00:32:33,640 --> 00:32:36,640 Speaker 1: we really need to focus. How are we going to 547 00:32:36,680 --> 00:32:39,080 Speaker 1: deal on a long run? Frank on this case, founder 548 00:32:39,080 --> 00:32:42,160 Speaker 1: and CEO of the iconic Cafe Melana open for curbside now, 549 00:32:42,440 --> 00:32:45,120 Speaker 1: thank you, brother for keeping me focused on the future. 550 00:32:45,160 --> 00:32:48,200 Speaker 1: I'm Kevin Surreally, Chief Washington corresponder from Blomber TV and Radio, 551 00:32:48,240 --> 00:32:49,880 Speaker 1: and you're listening to Blueberg Night and I want