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Speaker 1: Why from our nation's camera. How do we reopen this economy?

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Speaker 1: The latest on how this pandemic is impacting farmers. What

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Speaker 1: does this do for the United States relationship with China?

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Speaker 1: Bloomberg Sound On, the Insiders, the influencers, the insides. We're

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Speaker 1: responding to this crisis and manufacturers are stepping up like

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Speaker 1: never before. We're looking at seventy candidates for different vaccines.

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Speaker 1: How do we make sure a pandemic of this scale

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Speaker 1: never happens again? This is Bloomberg Sound On with Kevin

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Speaker 1: Surrelate on Bloomberg one and one oh five point seven

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Speaker 1: f m h D two. President Trump ordering the sale

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Speaker 1: of TikTok, as Microsoft has said to be interested. Ben

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Speaker 1: Brodie's back Bloomberg Tech Policy Reporter. He's going to give

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Speaker 1: us the latest on TikTok, but the youths are using

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Speaker 1: and why China's all wrapped up into Plus Mark Meadows,

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Speaker 1: the president chief of Staff saying Democrats are the ones

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Speaker 1: to blame for the impass. Plus new headlines on the

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Speaker 1: Bloomberg terminal as Treasury Secretary Moolution and speak Pelosi are

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Speaker 1: working the weekend to try to get to some type

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Speaker 1: of deal. An exclusive interview that I did with Tony

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Speaker 1: blinkoln Biden for President's senior policy advisor and the former

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Speaker 1: Deputy National Security Advisor and Deputy Secretary of State in

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Speaker 1: the Obama administration. Drew Littman, policy director at Brownstein, Hyatt,

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Speaker 1: Farber and Shrek, and former chief of Staff to Al

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Speaker 1: Franken joins us and Jack Kingston Jack's back former Republican

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Speaker 1: Georgia Congressman Trump twenty twenty campaign SURREGI It's Friday. It's Friday, folks.

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Speaker 1: You never thought it would come. Got there another week.

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Speaker 1: Joining us on the line is a good friend of

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Speaker 1: mine who I had never seen anymore because of the pandemic.

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Speaker 1: My colleague, my friend Ben Brodie, Bloomberg Tech policy reporter

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Speaker 1: Ben Happy Friday. Uh So, big deal, Big deal. Microsoft

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Speaker 1: is exploring an acquisition of TikTok's operations in the United States,

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Speaker 1: According to a person familiar with the matter I'm reading

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Speaker 1: from Kurt Wagner's reporting on the Bloomberg terminal. A deal

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Speaker 1: would give the software company a popular social media site

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Speaker 1: and relieve US government pressure on the Chinese owner of

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Speaker 1: the video shifting app. We got here today, folks, because

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Speaker 1: of Jen Jacobs are another confront of Mine Bloomberg White

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Speaker 1: House reporter who scooped today along with Slamosam, that the

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Speaker 1: Trump administration is preparing to announce an order over the

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Speaker 1: next couple of days that that that the Trump administration

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Speaker 1: has been weighing whether to direct China base Byte Dance

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Speaker 1: to divest its steak in TikTok's US operations. What do

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Speaker 1: we know, ben Well, One of the things that I

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Speaker 1: find really fascinating is that it seems like the administration

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Speaker 1: was already to do this. They were going to order

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Speaker 1: byte Dance to sell off TikTok. Microsoft moved into the wings.

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Speaker 1: Presumably this has been going on for a while, and

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Speaker 1: presumably these may even be coordinated. But as it becomes

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Speaker 1: clear that Microsoft is interested in this app addition, wants

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Speaker 1: to finally move into that social media space the way

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Speaker 1: that it's failed to over many years, the Trump administration

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Speaker 1: is backing off. So I think it's gonna be fascinating

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Speaker 1: to see over the next couple of days and weeks

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Speaker 1: whether that transaction goes through and where the administration positions

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Speaker 1: itself as a result. See, I just learned something there.

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Speaker 1: So you think it's been it's it's almost like a

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Speaker 1: dance almost right because Microsoft waiting in the wings. Yeah,

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Speaker 1: because Microsoft is saying, hey, maybe you don't have to

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Speaker 1: issue this uh Trump Administration or White House or Washington

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Speaker 1: because we're here and we could get it. So maybe

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Speaker 1: that if you're Bite Dance, if you're China's Bite Dance,

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Speaker 1: and you know TikTok, maybe you're just gonna give it

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Speaker 1: to Microsoft as opposed to having to finangle through Washington

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Speaker 1: d C exactly. And the exact negotiations that are going

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Speaker 1: on are not totally clear to us, but you know,

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Speaker 1: TikTok has become a bit of a headache for Bite Dance.

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Speaker 1: Bite Dance has spent the last six months to a

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Speaker 1: year acquiring an American CEO, running around Washington, all over

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Speaker 1: the hill to sentence a house, trying to tell lawmakers, look,

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Speaker 1: we're an American company. We hold their data here in

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Speaker 1: the US, the backups in Singapore, we're not delivering stuff

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Speaker 1: to China. We don't moderate content based on what China wants.

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Speaker 1: Lawmakers are having none of it. They don't believe it

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Speaker 1: at all, or at least they say they don't believe it. Uh.

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Speaker 1: And so it's really become a bit of a headache

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Speaker 1: for bite dance, even as it's becoming more popular during

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Speaker 1: the pandemic. Well, I think, and you know this because

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Speaker 1: you're all over the story with the big tech companies.

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Speaker 1: I think a lot of the lawmakers are concerned that

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Speaker 1: if a Chinese company would be able to have an

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Speaker 1: app like TikTok and make people dance, teenagers dance and

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Speaker 1: do whatever. You know, I don't I really get tick talk,

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Speaker 1: by the way, but what play it forward? I mean,

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Speaker 1: what other apps could China develop that could be very

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Speaker 1: popular in the US? Right? It's precedent setting, absolutely, And

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Speaker 1: if you you know, if you talk about young people

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Speaker 1: who go into the military, you're seventeen and you're dancing

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Speaker 1: on TikTok, all of a sudden, you're eighteen and you're

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Speaker 1: in the military. What kind of data are is China

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Speaker 1: getting from Americans or could potentially be getting from Americans

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Speaker 1: about service members, about people here in Washington, India. Let

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Speaker 1: me ask you, Let me interrupt you, let me because

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Speaker 1: because I don't think people understand if you're if they're

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Speaker 1: listening to this or so, what precise data is stored

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Speaker 1: on on that seventeen year old who might be going

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Speaker 1: into the military, or what are the lawmakers concerns because

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Speaker 1: this is so important folks, And then Bradie Bloomberg tech

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Speaker 1: policy reporters on the phone, what is what is the

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Speaker 1: data of an individual that the lawmakers are concerned could

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Speaker 1: be accessible to the Chinese. One of the things we

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Speaker 1: hear a lot about is facial recognition data. Can they

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Speaker 1: use this data to train their artificial intelligence systems? And

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Speaker 1: can they use this data to find out more about

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Speaker 1: the location and the surfing habits of people with sensitive positions,

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Speaker 1: whether they're in the intelligence community, or they're in the military,

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Speaker 1: or their family members are that is the concern. TikTok

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Speaker 1: will come back and say, look, the only thing we're

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Speaker 1: looking at is, uh, how your device uses data, which

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Speaker 1: is what every other app looks at. And by the way,

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Speaker 1: we don't even give it to China. So they they're

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Speaker 1: really downplaying that there's any more risk here than for

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Speaker 1: anything else than for Facebook or Google or anything like that.

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Speaker 1: But when lawmakers talk about it, it's that facial recognition.

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Speaker 1: They're saying, are you going to combine it with the

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Speaker 1: data from the Office and Personnel Management hack a few

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Speaker 1: years ago? You kind of thing that worried about are you?

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Speaker 1: I am not, but Kevin, it sounds like we gotta

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Speaker 1: get together on TikTok. No, no one wants to see

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Speaker 1: me do the macarena. Then I don't even understand it.

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Speaker 1: I don't even understand it. Like I see some of these,

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Speaker 1: I still truthfully don't get it. What is what is it?

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Speaker 1: It's they they do like these like looped videos of dances.

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Speaker 1: I mean, I was in the airport pre pandemic, folks,

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Speaker 1: remember when we all used to travel, and I was

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Speaker 1: traveling for work, and I'll never forget I saw this

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Speaker 1: youth doing a dance on the TikTok, and I'm like,

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Speaker 1: what is she doing? Like? What world are we living?

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Speaker 1: What is it? Truthfully, I think one of the most

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Speaker 1: important things is that we are in the middle of

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Speaker 1: the pandemic and yet you have the music videos, you

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Speaker 1: have the dances. But it's also just a way of

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Speaker 1: sharing short videos with your friends, participating and challenges, participating

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Speaker 1: in video memes. When did I get so old? When

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Speaker 1: did I get When did I get so old? Because

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Speaker 1: here I am like jaded and think that TikTok is

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Speaker 1: a waste time. I shouldn't say I mean, I listen,

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Speaker 1: it's obviously a massive success, but I truthfully don't understand

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Speaker 1: what it is. All Right, Ben, we've got a couple

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Speaker 1: of minutes left. What else is on your radar now

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Speaker 1: that we've lived in the fallout of the of the

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Speaker 1: tech hearings that you were all over earlier this week.

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Speaker 1: What's play it forward in the next week? For me? Absolutely?

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Speaker 1: What is Chairman Cecilini who called that hearing going to

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Speaker 1: be recommending on antitrust law? Maybe that comes next week.

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Speaker 1: I think it's a little bit farther out three for

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Speaker 1: maybe six weeks. This is the law that allowed those

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Speaker 1: companies to become as rich in power as they are,

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Speaker 1: and they want to continue doing deals. Maybe they want

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Speaker 1: to buy TikTok U, And what is he going to

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Speaker 1: do to recommend that? Maybe they can't do that anymore.

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Speaker 1: That is one of the biggest things that I'm looking

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Speaker 1: out for right now. Can I follow up on that?

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Speaker 1: In terms of how the election results, especially whether or

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Speaker 1: not Republicans hold on to the Senate and the majority

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Speaker 1: spread in the House, and obviously the presidential I almost

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Speaker 1: feel that, based on the conversations that I have, that

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Speaker 1: the big tech industry is it is kind of in

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Speaker 1: a delay mode. And let's let's wait till the election

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Speaker 1: to see what the lay of the land is, because really,

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Speaker 1: can anything major get done between now and the election

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Speaker 1: on this major antitrust issue? Uh? One percent chance that

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Speaker 1: could get done? Really plowing the ground uh for next year?

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Speaker 1: And as you say it, so much will come down

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Speaker 1: to who holds control in Congress, who holds control in

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Speaker 1: the White House, who holds control the Pedal Train Commission.

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Speaker 1: All of those things are questions that the big tech

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Speaker 1: companies are looking for, and delay, delay, delay is absolutely

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Speaker 1: the name of the game. All Right, what's the funniest TikTok?

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Speaker 1: You've ever seen? The funniest TikTok? I've ever seen? I?

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Speaker 1: You know, I like the ones where they have uh dances.

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Speaker 1: You'll have like a boyfriend and a girlfriend doing a dance,

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Speaker 1: and it's all the different variations in it where they,

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Speaker 1: you know, sometimes a boyfriend and girlfriend, they'll swept, swap costumes.

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Speaker 1: I'm lost. I'm literally lost, like said, think, I don't

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Speaker 1: I'm an old soul. I am an old soul. Ben

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Speaker 1: Brodi Ben BRONI Bloomberg's technology reporter all over these stories.

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Speaker 1: Great job, Ben, and thank you so much for making

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Speaker 1: time for me on a on a Friday afternoon. I

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Speaker 1: know you've had a really long week, so I'm really

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Speaker 1: really appreciate, appreciative. Coming up, we check in with my

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Speaker 1: exclusive interview with Tony BLAKELN buying it for President's senior

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Speaker 1: policy advisor and the former deputy National Security Advisor under

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Speaker 1: President Obama. He was also of course to for we're

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Speaker 1: deputy Secretary of State. We talked about China. How would

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Speaker 1: Joe Biden deal with China? TikTok. If you're listening to Bloomberg,

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Speaker 1: this is Bloomberg's Sound On with Kevin Shirley on Bloomberg

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Speaker 1: and one oh five point seven f M h D two.

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Speaker 1: My name is Kevin Surreally. I'm the chief Washington correspondent

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Speaker 1: from Bloomberg Television and from Bloomberg Radio. Coming up, we've

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Speaker 1: got a full breakdown and analysis of the chances of

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Speaker 1: getting an economic stimulus deal. But before we do do that,

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Speaker 1: we're gonna stick with US China relations and I'm curious

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Speaker 1: how would a Biden administration handle China. Earlier today and

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Speaker 1: an exclusive television and radio interview, I caught up with

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Speaker 1: Tony Blincoln He is Biden for President's senior policy advisor.

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Speaker 1: He is the former Deputy National Security Advisor under President

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Speaker 1: Barack Obama. And he was also, of course the former

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Speaker 1: Deputy Secretary of State under President former President Barack Obama

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Speaker 1: as well. And I asked him, how would presumptive Democratic

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Speaker 1: presidential nominee Joe Biden handle China? Is we have to

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Speaker 1: dig out from a strategic deficit that I'm afraid President

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Speaker 1: Trump has put us in because right now, by every

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Speaker 1: key metric, China's strategic position is stronger and ours is

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Speaker 1: weaker as a result of the President's leadership. Think about

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Speaker 1: it this way, President Trump has helped China advance its

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Speaker 1: own key strategic goals, weakening American alliances check, leaving a

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Speaker 1: vacuum in the world for for China to fill. Check.

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Speaker 1: Abandoning our own values and giving Beijing a green light

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Speaker 1: to to trample on human rights and democracy and in

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Speaker 1: places like Shinjing or in Hong Kong. Check. And then

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Speaker 1: maybe worst of all, debasing our own democracy by attacking

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Speaker 1: its institutions, its people, its values every single day and

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Speaker 1: so reducing its appeal compared to China. Uh. That's what

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Speaker 1: I call checkmate. So the real challenge and is that

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Speaker 1: we have to put ourselves in a position of strength

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Speaker 1: um and ultimately it's about us UH. It's about making

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Speaker 1: sure that we renew our own democracy, that we invest

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Speaker 1: in our own workers, that we actually revive our partnerships,

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Speaker 1: and that we put our values front and center. If

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Speaker 1: we do that, then we can engage China from position

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Speaker 1: of strength. And that's what Joe Biden would do as president.

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Speaker 1: Let me follow up on that, because Republicans and the

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Speaker 1: Trump administration argue that the level of unpredictability and the

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Speaker 1: isolation is foreign policy strategy has enabled the United States

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Speaker 1: to take more of a brash tone against Beijing. However,

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Speaker 1: what I'm hearing from you is that ultimately, for the

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Speaker 1: American worker, the strengthening of the alliance is actually going

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Speaker 1: to be more beneficial in the long run. You know

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Speaker 1: this across the country, people are incredibly skeptical of China

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Speaker 1: stealing their jobs. So from an economic perspective, how come

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Speaker 1: strengthening alliances would be better protect American jobs Because when

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Speaker 1: we're actually aching China to curb uh, some of its

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Speaker 1: practices that we profoundly object to other countries are in

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Speaker 1: the same situation, and if we're working alone to try

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Speaker 1: to press China to change its ways, we're about the

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Speaker 1: world's GDP. If we're actually acting with other democracies who

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Speaker 1: are similarly aggreeved, that's fifty or sixty percent of the

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Speaker 1: world's GDP. That's a lot harder for China to ignore.

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Speaker 1: But instead of doing that, President Trump is actually alienated

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Speaker 1: the very partners we would want with us to deal

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Speaker 1: with China. He's launched Tara fours against them. The French

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Speaker 1: president at one point Mr Krom went to President Trump

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Speaker 1: and said, you know, we should work on China together.

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Speaker 1: We have the same kinds of problems. And the President

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Speaker 1: Trump apparently turned him and said, why would I work

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Speaker 1: with you? The EU is even worse than China, and well,

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Speaker 1: fount to that point precisely as it relates to technology

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Speaker 1: with Europe and five G and and their weighing of

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Speaker 1: utilizing Bahwei for an example, from a from a national

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Speaker 1: security perspective, how would building a broader technology coalition with

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Speaker 1: with the U S allies work to diminish some of

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Speaker 1: the advances that Sijing Ping has been able to make

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Speaker 1: on the technological front. Well, this is interesting because if

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Speaker 1: you think about it. The world increasingly is divided between

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Speaker 1: techno democracies on the one hand and techno autocracies on

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Speaker 1: the other hand. If the techno democracies can come together

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Speaker 1: and work together to write the rules, to shape the norms,

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Speaker 1: to build the institutions through which technology is going to

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Speaker 1: be used and governed, and if they can infuse their

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Speaker 1: values into the technology to the extent technology has values,

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Speaker 1: will be in a much better place to make sure

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Speaker 1: that the technology that dominates our lives is used in

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Speaker 1: a good way, not a bad way. The problem is

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Speaker 1: the techno democracies aren't well organized, they aren't working all together,

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Speaker 1: and largely that's because the United States has pulled back

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Speaker 1: and pulled out, or when it is engaged, it tries

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Speaker 1: to browby other countries into doing what we want instead

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Speaker 1: of working with them finding a common way forward. You

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Speaker 1: mentioned Hong Kong and in particular are Obviously China has

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Speaker 1: taken a much more aggressive approach regarding Hong Kong. How

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Speaker 1: would Abiden administration handle that aggression and what is an

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Speaker 1: important symbol of democracy but also of course the financial hub.

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Speaker 1: So the first thing to do is to make sure

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Speaker 1: that if you're president of the the United States, You're not

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Speaker 1: giving China a green light to crack down on democracy

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Speaker 1: in Hong Kong. Remember a year ago when UM the

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Speaker 1: protests were kicking up again because of this increasing crackdown

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Speaker 1: on democracy. President Trump said, I stand with President Jijun pain.

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Speaker 1: That is a huge signal of impunity to Beijing that

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Speaker 1: it can proceed without fearing repercussions. So the first thing

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Speaker 1: to do is to have a president who's not going

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Speaker 1: to green light a crackdown on democracy. UM. I think

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Speaker 1: at this point, unfortunately, we have to recognize the reality

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Speaker 1: UH and no longer treat Hong Kong with the fiction

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Speaker 1: that it's autonomous UH, and we need to work on

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Speaker 1: deterring further crackdowns, hopefully incentivizing international companies UH to leave.

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Speaker 1: We can't let, in effect, the eliminate what it doesn't

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Speaker 1: like in Hong Kong, which is political freedom, but keep

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Speaker 1: what it does, this large international corporate presence. So you know,

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Speaker 1: there are lots of things that one could do. One

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Speaker 1: could look at UH in terms of Hong Kong's role

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Speaker 1: in international organizations and maybe pulling them out of those organizations,

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Speaker 1: actively supporting the relocation of US businesses UH, and also

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Speaker 1: helping Hong Kong residents who want to leave come to

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Speaker 1: the United States as the UK is doing UM, and

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Speaker 1: then step up defenses of Taiwan's democracy by exposing Beijing's

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Speaker 1: efforts to interfere let me. And that's exactly where I

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Speaker 1: wanted to follow up on is is how how would

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Speaker 1: a U S policy with Biden Biden administration addressed Taiwan

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Speaker 1: because of the what we've seen with Hong Kong specifically,

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Speaker 1: what would what would he do? So the the the

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Speaker 1: irony is that UM Taiwan has actually been a big

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Speaker 1: success story over the last decades in terms of the

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Speaker 1: way both UH, China and the United States have handled it.

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Speaker 1: We have not allowed it to become a flashpoint. We've

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Speaker 1: had the accords that we've reached with China. We also

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Speaker 1: have the Taiwan Relations Act, and that's allowed Taiwan to

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Speaker 1: to flourish and and prosper. But of course, if China

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Speaker 1: is getting signals of impunity, if the government in Beijing

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Speaker 1: thinks it can act against democracy in Hong Kong impunity,

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Speaker 1: if it can crack down on leakers with impunity, then

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Speaker 1: one is concerned that it may conclude that it can

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Speaker 1: do the same with regard to to Taiwan. Ironically there too,

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Speaker 1: what it's what it's doing is only feeding UH those

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Speaker 1: in Hong Kong who would take a policy approach that

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Speaker 1: Beijing objects to. So I hope we can get back

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Speaker 1: to at least managing Taiwan the way we have from

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Speaker 1: Republicans through democratic administrations. Over the last decades Tony here

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Speaker 1: in Washington, d C. Republicans and Democrats have been able

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Speaker 1: to find behind the scenes some common ground in terms

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Speaker 1: of ways to deal with China, and particularly have raised

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Speaker 1: concerns by partisan concerns about China's lack of transparent and

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Speaker 1: see and they're handling of the coronavirus pandemic. Clearly, there

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Speaker 1: are differences between Republicans and Democrats as it relates to

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Speaker 1: the World Health Organization. But how does the presumptive nominee

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Speaker 1: Joe Biden feel that Shi jing Ping should be handled

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Speaker 1: or China as a whole should be handled for their

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Speaker 1: lack of transparency with regards to the pandemic. Well, very

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Speaker 1: differently than President Trump has handled the government in Beijing.

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Speaker 1: Remember what happened first, Even before the pandemic UH, the

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Speaker 1: Obama Biden administration had put in place defenses against emerging

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Speaker 1: pandemics programs and people to make sure that to the

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Speaker 1: best of our ability, we could predict, prevent, and mitigate,

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Speaker 1: including in China, because we knew this was a growing

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Speaker 1: threat to global health and to American health. Unfortunately, tragically,

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Speaker 1: President Trump dismantled virtually all of those programs and UH

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Speaker 1: and pull the people back then when the virus emerged,

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Speaker 1: and it was so critical for China to come forward

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Speaker 1: with information and to make UH the different places available

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Speaker 1: and accessible to international experts. UM it wasn't doing that,

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Speaker 1: and instead of calling the government in Beijing to account,

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Speaker 1: President Trump spent the better part of two months praising

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Speaker 1: their cooperation and transparency UH, probably in large part because

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Speaker 1: he wanted to downplay the virus, and he was also

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Speaker 1: very desperate to hang on to the trade agreement that

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Speaker 1: had been reached in mid January, and then he wanted

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Speaker 1: to make sure the government implemented. That was my exclusive

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Speaker 1: interview with Tony Blanken, who was the Deputy Secretary of

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Speaker 1: State and the Deputy National Security Advisor and former President

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Speaker 1: Barack Obama's administration and coming up the latest from Capitol

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Speaker 1: Hill on the negotiations or laughter of on the budget

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Speaker 1: and pass. I'm Kevin Surreally this is Bloomberg one from

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Speaker 1: how do we reopen this economy? The latest on how

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Speaker 1: this pandemic is impacting farmers? What does this do? From

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Speaker 1: the United States Relationship with China Bloomberg Sound Off, the

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Speaker 1: Insider the we're responding to this crisis and manufacturers are

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Speaker 1: stepping up like never before. We're looking at seventy kennidates

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Speaker 1: for different vectines. How do we make sure a pandemic

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Speaker 1: of this scale never happens again? This is Bloomberg Sound

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Speaker 1: On with Kevin Slate on Bloomberg and one Ohm HD

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Speaker 1: two Deal or No Deal impass. Addition, we're gonna get

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Speaker 1: the latest from Capitol Hill and whether or not Treasury

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Speaker 1: Secretary Minution and Speaker Pelosi you can finally get to

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Speaker 1: some type of deal as the clock is said to

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Speaker 1: expire on those unemployment benefits a midnight. So unfortunate, So unfortunate.

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Speaker 1: And uh. Also the latest on the election. We'll get

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Speaker 1: into some U S. China relations with the U S

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Speaker 1: and China and the President weighing the decision to try

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Speaker 1: to force the sale of TikTok because of China. Who

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Speaker 1: would have thought an app could be so controversial. First, though,

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Speaker 1: we're gonna check in with Drew Littman, his policy to

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Speaker 1: actor at Brownstein High and Farmer and Shrek. He's the

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Speaker 1: former chief of staff to former Senator Al Franken and

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Speaker 1: Jack Kingston, a former Republican Republican Georgia congressman to Trump

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Speaker 1: twenty campaign surrogate. My name is Kevin Curreli on the

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Speaker 1: chief Washington correspondent for Bloomberg Television and for Bloomberg Radio.

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Speaker 1: To see the headline, Jen Jacobs scooped it on the

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Speaker 1: Bloomberg terminal that they're thinking about the The President is

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Speaker 1: uh considering ordering the sale of TikTok as Microsoft is

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Speaker 1: said to be interested. Fascinating, fascinating development. Of course, they're

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Speaker 1: concerned about China's companies having ownership over the app that

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Speaker 1: has all the youths transfixed. We're gonna dive into that.

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Speaker 1: Coming up with Drew Littman, policy director at Brownstein High

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Speaker 1: at Farber and Shrek, and of course, the former chief

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Speaker 1: of staff to Senator Al Franken and Jack Kingston, former

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Speaker 1: Republican Georgia congressman Trump twenty twenty campaign surrogate, Jack, do

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Speaker 1: you have TikTok. I like to look at it. I

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Speaker 1: do not they don't have my data, but if somebody

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Speaker 1: shows it to me, I think some of their stuff

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Speaker 1: is hilarious. Jack. You know, I don't understand it, you know,

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Speaker 1: I I just what do they do? Like the macarena?

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Speaker 1: They I don't get it, you know. But maybe I'm

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Speaker 1: an old soul. Maybe I'm old Jack. I'm getting up there.

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Speaker 1: Well you know what it's like. It's like America's got talent,

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Speaker 1: but you do it yourself, and you taught out the

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Speaker 1: other person. It's just kind of funny. But yeah, I

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Speaker 1: bet you they're out there getting all of our data

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Speaker 1: all you know. I wish I could just continue this conversation,

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Speaker 1: but I'm not going to Drew. Drew, are you on TikTok?

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Speaker 1: I'm not so. Even if it were banned, it wouldn't

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Speaker 1: affect how I'm spending my free time these days. You

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Speaker 1: know what, Drew, I feel like you and I are

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Speaker 1: on the same page. All right. Now, let's get to

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Speaker 1: the other more pressing matter, the A story, as we

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Speaker 1: would to use an industry term, the A block, and

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Speaker 1: that's the Treasury Secretary Minution and Speaker Pelosi are going

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Speaker 1: to be meeting tomorrow morning up on capital. They got

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Speaker 1: everybody to go home, and now they're bringing the men

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Speaker 1: behind closed doors to negotiate a deal. Jack, Are they

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Speaker 1: going to get to a deal? Are they? Are they

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Speaker 1: finally going to get to some type of economic stimulus deal?

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Speaker 1: We all know how this ends. They got to a

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Speaker 1: compromise right absolutely, and they'll getting a deal because the

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Speaker 1: Democrats have something they want, which is help and assistance

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Speaker 1: directly to cities and states. The Republicans has something they want,

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Speaker 1: which is the liability protection for business. And then I'd

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Speaker 1: say both parties want to do something to address the

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Speaker 1: unemployment insurance issues. So whenever you've got two people who

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Speaker 1: want something, there's a trade out there to be made.

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Speaker 1: But it's it's baffling true that it took this long.

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Speaker 1: I mean, really, it should not take this long. I'm sorry.

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Speaker 1: The Republicans in in deter race story, I'm afraid and

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Speaker 1: the White providing very clear guidance. Trump seemed to indicate

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Speaker 1: that they don't care about my ability women, and he

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Speaker 1: said the effective of find anything, and we know that's true.

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Speaker 1: They want to see the money pumped into the economy.

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Speaker 1: The issues except for liability limits. It's not ideological. Look,

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Speaker 1: I started working on Capitol Hill in nine and I've

429
00:24:12,359 --> 00:24:16,240
Speaker 1: never seen an issue that came down to basically splitting

430
00:24:16,240 --> 00:24:20,160
Speaker 1: the difference on money that Congress couldn't resolve. These things

431
00:24:20,240 --> 00:24:24,280
Speaker 1: always get settled at some midpoint, more or less agony

432
00:24:24,320 --> 00:24:26,680
Speaker 1: sometimes in the process, but it's gonna happen. Yeah, it's

433
00:24:26,720 --> 00:24:29,720
Speaker 1: interesting Jack, that he's talking about liability protections. The Washington

434
00:24:29,760 --> 00:24:32,480
Speaker 1: Post had reported earlier this morning. I've read it before

435
00:24:32,480 --> 00:24:35,160
Speaker 1: I went on Bloomberg Surveillance, and I thought, wow, I mean,

436
00:24:35,240 --> 00:24:37,440
Speaker 1: for for I didn't hear this from the White House

437
00:24:37,800 --> 00:24:41,240
Speaker 1: that they that they were signaling to the Speaker's office

438
00:24:41,280 --> 00:24:45,240
Speaker 1: that they weren't necessarily a hard line on Leader McConnell's

439
00:24:45,280 --> 00:24:48,320
Speaker 1: liability protections. Jack, are your friends in the Republican Party

440
00:24:48,320 --> 00:24:49,880
Speaker 1: and at the White House telling you the same thing?

441
00:24:51,400 --> 00:24:54,920
Speaker 1: I don't think it's a real hard hard line. Um.

442
00:24:54,960 --> 00:24:58,719
Speaker 1: I did though, my friend uh and drew those Congressman

443
00:24:58,840 --> 00:25:03,080
Speaker 1: John Garre Mandy from California, who's who's aid surrogate. Um.

444
00:25:03,359 --> 00:25:05,320
Speaker 1: But I did hear him say a couple of weeks

445
00:25:05,320 --> 00:25:08,399
Speaker 1: ago to a group of us that, um, you know,

446
00:25:08,600 --> 00:25:12,840
Speaker 1: if you have limited liability for businesses that follow CDC

447
00:25:13,080 --> 00:25:16,760
Speaker 1: and local protocols and they showed due diligence and operated

448
00:25:16,800 --> 00:25:20,359
Speaker 1: in good faith, then um having them reopened their doors

449
00:25:20,640 --> 00:25:23,760
Speaker 1: without fear of lawsuits for a limited period of time

450
00:25:24,119 --> 00:25:26,960
Speaker 1: makes sense. And I think that there is enough of

451
00:25:27,080 --> 00:25:29,960
Speaker 1: a kind of a feeling like that where there's something

452
00:25:30,000 --> 00:25:32,920
Speaker 1: that we can have and you not give an example. Um,

453
00:25:33,160 --> 00:25:36,879
Speaker 1: you know, if you go into a college cafeteria, you

454
00:25:36,960 --> 00:25:40,080
Speaker 1: got a buffet line, you got a drink machine, you

455
00:25:40,119 --> 00:25:44,119
Speaker 1: have water waffles, you have waffle makers. I remember at

456
00:25:44,119 --> 00:25:46,440
Speaker 1: Penn State they had the waffle makers and they had

457
00:25:46,480 --> 00:25:49,359
Speaker 1: the best half baked cookies I've had in my life.

458
00:25:49,440 --> 00:25:52,600
Speaker 1: And Westalls go ahead, Well, and that's why you're a

459
00:25:52,640 --> 00:25:58,040
Speaker 1: marathon runner, because you love you gotta have that trim

460
00:25:59,240 --> 00:26:01,159
Speaker 1: and you knew what I just did. I literally just

461
00:26:01,320 --> 00:26:03,119
Speaker 1: ate like three bags of chips before a game on

462
00:26:03,160 --> 00:26:05,480
Speaker 1: Are because I'm starving and I've been up. It's like

463
00:26:05,520 --> 00:26:08,879
Speaker 1: four thirty, go ahead, Jack, I'm interrupting. But but then

464
00:26:08,960 --> 00:26:12,000
Speaker 1: you also have some states, California being one of them,

465
00:26:12,040 --> 00:26:17,360
Speaker 1: that says employers are responsible under workers compensation for employees

466
00:26:17,400 --> 00:26:21,040
Speaker 1: who get COVID coronavirus so I think that, you know,

467
00:26:21,080 --> 00:26:23,679
Speaker 1: there's some things to discuss, and some of the states

468
00:26:23,720 --> 00:26:27,040
Speaker 1: have been addressed in this, but um, you know, I

469
00:26:27,080 --> 00:26:31,440
Speaker 1: think it's right. The President wants a deal, and there's

470
00:26:31,520 --> 00:26:34,080
Speaker 1: enough people who want something that I think we'll get there.

471
00:26:34,200 --> 00:26:37,560
Speaker 1: From his droop pointed out there is Republican division that

472
00:26:37,840 --> 00:26:41,040
Speaker 1: UH leader McConnell has said openly he's got twenty members

473
00:26:41,080 --> 00:26:43,960
Speaker 1: who don't even want anything because they're worried about the spending,

474
00:26:44,320 --> 00:26:48,879
Speaker 1: which is a rare thing in Washington. Yeah. No, I know,

475
00:26:48,920 --> 00:26:51,480
Speaker 1: and especially now given this dynamic. And we'll talk about

476
00:26:51,480 --> 00:26:53,879
Speaker 1: the fiscal conservatives coming up. But let me ask you

477
00:26:53,920 --> 00:26:57,640
Speaker 1: this because for for centrist Democrats, and I thought Jack,

478
00:26:57,720 --> 00:26:59,639
Speaker 1: you did a great job of laying out on the

479
00:26:59,680 --> 00:27:02,240
Speaker 1: live reality protections, people like Congressman Garret Mandy, who's a

480
00:27:02,240 --> 00:27:04,199
Speaker 1: friend of this program, comes on all the time. But

481
00:27:04,320 --> 00:27:06,600
Speaker 1: on the issue a tax credits for businesses, there are

482
00:27:06,680 --> 00:27:10,440
Speaker 1: some Democrats last time, in the last last Cares Act

483
00:27:10,520 --> 00:27:14,320
Speaker 1: that supported some tax credits for small medium sized business

484
00:27:14,359 --> 00:27:19,200
Speaker 1: provided they keep employees on their payroll. You know, here

485
00:27:19,240 --> 00:27:21,960
Speaker 1: we are. I I read the terminal, and I get

486
00:27:22,000 --> 00:27:24,320
Speaker 1: anxious when I see these headlines that say oh, furlers

487
00:27:24,320 --> 00:27:25,800
Speaker 1: are coming at the end of the year or worst

488
00:27:25,840 --> 00:27:27,679
Speaker 1: layoffs at the end of the year. For some of

489
00:27:27,720 --> 00:27:31,000
Speaker 1: these big businesses, you know, tax credits to keep people

490
00:27:31,000 --> 00:27:33,000
Speaker 1: in their jobs. That's not a bailout, that's a way

491
00:27:33,040 --> 00:27:37,160
Speaker 1: to for people to keep their jobs, right Drew, Yeah,

492
00:27:37,200 --> 00:27:39,760
Speaker 1: I've talked to c e O s and I've talked

493
00:27:39,760 --> 00:27:44,960
Speaker 1: to investors about this. The task of calculating with determining

494
00:27:45,000 --> 00:27:49,120
Speaker 1: who still works for a company has become infernally complicated.

495
00:27:49,640 --> 00:27:52,040
Speaker 1: You can't find a company that hasn't laid people off,

496
00:27:52,240 --> 00:27:54,119
Speaker 1: and and many of them have laid off something like

497
00:27:54,960 --> 00:27:58,200
Speaker 1: of their workforce. They're the ones who need the money most.

498
00:27:58,720 --> 00:28:01,520
Speaker 1: She denied them the money because they laid off their employees.

499
00:28:02,680 --> 00:28:04,960
Speaker 1: You're trapping them in a catch twenty two situations where

500
00:28:04,960 --> 00:28:07,119
Speaker 1: they can't be hired the employees. Look, they want to

501
00:28:07,160 --> 00:28:08,800
Speaker 1: go back to businesses is the usual. They want to

502
00:28:08,800 --> 00:28:11,800
Speaker 1: rehire the employees. They don't get to keep that money,

503
00:28:11,920 --> 00:28:15,600
Speaker 1: uh in the formula loan. Well, that I think right there, Drew,

504
00:28:16,040 --> 00:28:20,680
Speaker 1: is one of the grossest mistakes that and egregious errors

505
00:28:20,720 --> 00:28:26,240
Speaker 1: that were made from from Washington's quagmire and inability to

506
00:28:26,359 --> 00:28:29,680
Speaker 1: move quickly is that in the last Cares Act, there

507
00:28:29,680 --> 00:28:32,240
Speaker 1: were businesses who were forced to lay people off or

508
00:28:32,320 --> 00:28:35,560
Speaker 1: forced to furlough people because there was so much confusion

509
00:28:35,640 --> 00:28:38,880
Speaker 1: in the fog of this economic war, as both sides

510
00:28:38,880 --> 00:28:42,320
Speaker 1: have described it, in that they didn't know that if

511
00:28:42,360 --> 00:28:44,800
Speaker 1: they were keeping people on their payroll that they would

512
00:28:44,800 --> 00:28:47,800
Speaker 1: have been able to keep to get to get access

513
00:28:47,840 --> 00:28:50,280
Speaker 1: to liquidity and capital. That to me is something that

514
00:28:50,320 --> 00:28:53,640
Speaker 1: I will never forget covering. And it's horrible, and I

515
00:28:53,640 --> 00:28:56,680
Speaker 1: don't think that's a partisan statement. Jursdays, Jack stays. I

516
00:28:56,720 --> 00:28:59,320
Speaker 1: heard through the grapevine Jack dressed up for this radio show.

517
00:28:59,360 --> 00:29:02,840
Speaker 1: He's gonna assume. So that's what Christine Rodd has told me. Jack.

518
00:29:02,880 --> 00:29:08,200
Speaker 1: Did you dress up for Bloomberg sound On coming up

519
00:29:08,240 --> 00:29:11,400
Speaker 1: more policy and politics. I'm Kevin Sirelli. You're listening to Bloomberg.

520
00:29:25,280 --> 00:29:29,840
Speaker 1: This is Bloomberg's Sound On with Kevin Surreley on Bloomberg

521
00:29:30,960 --> 00:29:33,360
Speaker 1: and one oh five point seven FM h D two.

522
00:29:34,440 --> 00:29:38,080
Speaker 1: My name is Kevin Sireli. I'm the Cheap Washington correspondent

523
00:29:38,120 --> 00:29:43,320
Speaker 1: for Bloomberg Television and for Bloomberg Radio. And did you

524
00:29:43,360 --> 00:29:47,280
Speaker 1: see this Federal health officials testifying before a House panel

525
00:29:47,920 --> 00:29:52,360
Speaker 1: agreed that the Trump administration's response to the pandemic has

526
00:29:52,400 --> 00:29:56,440
Speaker 1: been hampered by a lack of funding, but insisted that

527
00:29:56,560 --> 00:30:00,520
Speaker 1: they've done the most they can within those confines. Within

528
00:30:00,560 --> 00:30:04,760
Speaker 1: the context. There's a Dr Fauci said, quote within the context,

529
00:30:04,840 --> 00:30:08,200
Speaker 1: with what we have, what's available to us, We're doing

530
00:30:08,240 --> 00:30:11,840
Speaker 1: everything we possibly can end quote from Dr Fauci, and

531
00:30:11,840 --> 00:30:14,680
Speaker 1: he said that. Before the House Select Subcommittee on the

532
00:30:14,680 --> 00:30:18,760
Speaker 1: coronavirus crisis, the officials, who also included the Centers for

533
00:30:18,800 --> 00:30:24,200
Speaker 1: Disease Control and Prevention Director Robert Redfield, inventoried measures taken

534
00:30:24,200 --> 00:30:29,520
Speaker 1: to improved testing and develop therapeutics and vaccines, but the

535
00:30:29,600 --> 00:30:32,840
Speaker 1: remarks didn't discuss what many health experts say is needed,

536
00:30:33,120 --> 00:30:35,200
Speaker 1: and the hearing what's called to discuss, which is a

537
00:30:35,280 --> 00:30:38,240
Speaker 1: national strategy to contain the coronavirus to replace the current

538
00:30:38,240 --> 00:30:42,960
Speaker 1: state by state peacemeal effort. That's from reporting from Anna

539
00:30:43,120 --> 00:30:48,480
Speaker 1: Edney and Jennie Bouman joining us for the panel that

540
00:30:48,680 --> 00:30:51,360
Speaker 1: is going to walk us through this, uh is true. Litmann,

541
00:30:51,640 --> 00:30:54,680
Speaker 1: policy director at Brownstein, Hyatt, Farber and Shrek and former

542
00:30:54,760 --> 00:30:58,320
Speaker 1: chief of staff to Senator Al Franken uh and Jack Kingston,

543
00:30:58,400 --> 00:31:02,160
Speaker 1: former Republican George Congress in Trump twenty campaign surrogate Drew,

544
00:31:02,480 --> 00:31:04,360
Speaker 1: I actually was reading up on you. You did, you

545
00:31:04,400 --> 00:31:06,720
Speaker 1: got your j d at at Penn and Philly my

546
00:31:06,800 --> 00:31:09,440
Speaker 1: neck guy would what's the Where's okay? Now, I'm gonna

547
00:31:09,440 --> 00:31:11,120
Speaker 1: put you on the spot. Where's the best place to

548
00:31:11,120 --> 00:31:15,960
Speaker 1: get a cheese steak in my hometown? Um? If I

549
00:31:16,000 --> 00:31:18,320
Speaker 1: had visitors from out of town and I had time,

550
00:31:18,360 --> 00:31:21,040
Speaker 1: we'd go to Gym's. But I really liked Asner's, which

551
00:31:21,080 --> 00:31:23,880
Speaker 1: is opened by a cone or Gym's who found at

552
00:31:23,880 --> 00:31:25,960
Speaker 1: the last minute that he couldn't use the gym's name.

553
00:31:26,000 --> 00:31:29,080
Speaker 1: It was across the street from my apartment on Maybe

554
00:31:29,080 --> 00:31:35,040
Speaker 1: on Chestnut Street st. I'm so impressed. No, I don't.

555
00:31:35,120 --> 00:31:38,200
Speaker 1: I wanted you to say. I wanted you to say Jim's, Drew.

556
00:31:38,360 --> 00:31:40,920
Speaker 1: I am so incredibly impressed. Right now, I feel like

557
00:31:40,960 --> 00:31:43,920
Speaker 1: you might. I feel like you're a local. Congratulations. But

558
00:31:44,000 --> 00:31:47,000
Speaker 1: in that place, Yeah, I'm a huge fan of Tony Luke's.

559
00:31:48,120 --> 00:31:51,280
Speaker 1: They had autographed pictures of people like Charlie Chris, the

560
00:31:51,360 --> 00:31:56,000
Speaker 1: five ft eight NBA app on the wall gallery. Drew,

561
00:31:56,280 --> 00:31:58,200
Speaker 1: this is awesome. Now I got to go back to

562
00:31:58,280 --> 00:32:01,120
Speaker 1: the to the policy or Christine bar Our, executive producer,

563
00:32:01,120 --> 00:32:02,680
Speaker 1: will get mad at me. But I do want to

564
00:32:02,720 --> 00:32:05,560
Speaker 1: follow up because earlier today on Bloomberg Television, I interviewed

565
00:32:05,640 --> 00:32:10,920
Speaker 1: Leon Panetta, and former Secretary Panetta was telling me about

566
00:32:11,280 --> 00:32:14,280
Speaker 1: his favorite Italian restaurants in d C. And it made

567
00:32:14,280 --> 00:32:17,160
Speaker 1: me think of Dante Luigi's back in South Philly. Do

568
00:32:17,200 --> 00:32:21,560
Speaker 1: you remember that? True? Do you ever go to Ninth Street? Yeah? Okay, good,

569
00:32:21,760 --> 00:32:24,120
Speaker 1: alright good. I could eat my way through any city, Okay,

570
00:32:24,240 --> 00:32:26,880
Speaker 1: Jack Kingston, enough about that. What's going on with Dr

571
00:32:26,920 --> 00:32:30,600
Speaker 1: Fauci and this divide? Uh? With regards to the testimony

572
00:32:30,640 --> 00:32:33,440
Speaker 1: on the Hill? I mean, the top US officials are

573
00:32:33,480 --> 00:32:36,480
Speaker 1: defending the virus response, but they're saying they need more cash.

574
00:32:36,560 --> 00:32:40,400
Speaker 1: Why don't they have enough money? Jack? First of all, man,

575
00:32:40,400 --> 00:32:43,320
Speaker 1: I give a plug for Paula Deans and Savannah Georgia

576
00:32:46,840 --> 00:32:55,560
Speaker 1: as in your Mediterranean diet. We can oh my gosh,

577
00:32:55,680 --> 00:33:00,360
Speaker 1: we let me know, Let let me say this. Um.

578
00:33:00,400 --> 00:33:03,120
Speaker 1: You know, I served on the Appropriations committee for twenty years.

579
00:33:03,160 --> 00:33:06,200
Speaker 1: I never had anybody during a Democrat or a Republican

580
00:33:06,880 --> 00:33:10,720
Speaker 1: UM administration who came before a committee who didn't say

581
00:33:10,760 --> 00:33:14,160
Speaker 1: they needed more money and then they could do wonderful things. UM.

582
00:33:15,320 --> 00:33:19,640
Speaker 1: We have five vaccines on the horizon. I think three

583
00:33:19,720 --> 00:33:22,120
Speaker 1: of them have already done the phase one test, and

584
00:33:22,600 --> 00:33:26,920
Speaker 1: we have three therapeutics that are close. UM. I do

585
00:33:27,040 --> 00:33:30,680
Speaker 1: not think and I'm qualifying this statement, but in terms

586
00:33:30,720 --> 00:33:37,560
Speaker 1: of the big five that is UH, face masks, hand sanitizers, gloves, gowns,

587
00:33:37,840 --> 00:33:41,920
Speaker 1: and ventilators, I don't think there's a shortage of that.

588
00:33:42,080 --> 00:33:46,920
Speaker 1: Lord knows there was an uneven distribution at minimum um

589
00:33:47,000 --> 00:33:51,200
Speaker 1: during the winter months. UM. I actually do like the

590
00:33:51,440 --> 00:33:54,120
Speaker 1: one state does it one way and another state doesn't

591
00:33:54,120 --> 00:33:57,240
Speaker 1: a different way approach because we can find out what

592
00:33:57,360 --> 00:34:00,480
Speaker 1: works and what doesn't work better that way. It also,

593
00:34:01,040 --> 00:34:04,080
Speaker 1: the virus is not evenly spread in all areas and

594
00:34:04,120 --> 00:34:07,840
Speaker 1: we're seeing that geographically play out as well. So UM.

595
00:34:08,120 --> 00:34:10,920
Speaker 1: But but I think Dr Fauci does what they've always done.

596
00:34:10,960 --> 00:34:13,520
Speaker 1: They need more money. UM. I do think there's a

597
00:34:13,520 --> 00:34:16,720
Speaker 1: lot of rough edges. For example, on the Strategic National

598
00:34:16,760 --> 00:34:19,440
Speaker 1: Stock Pole where we keep so many of these medical

599
00:34:19,520 --> 00:34:24,040
Speaker 1: counter measures. UM. There's a question is that everybody's warehouse

600
00:34:24,239 --> 00:34:26,839
Speaker 1: or is it just going to be for emergencies and

601
00:34:26,920 --> 00:34:30,760
Speaker 1: spikes and pandemics, which is traditionally has been set up well,

602
00:34:30,800 --> 00:34:34,000
Speaker 1: and there there's a good discussion on that is um so,

603
00:34:34,360 --> 00:34:37,319
Speaker 1: but let me yell back. I'm not trying to no no, no, no,

604
00:34:37,320 --> 00:34:40,080
Speaker 1: no no. I think you've raised some really interesting points.

605
00:34:40,080 --> 00:34:42,000
Speaker 1: I mean, we had Dr Caldlkon, who of course is

606
00:34:42,040 --> 00:34:45,640
Speaker 1: the administration official who is part of the Coronavirus team

607
00:34:45,640 --> 00:34:49,719
Speaker 1: and he oversees the U S National stockpile, and I

608
00:34:49,719 --> 00:34:53,640
Speaker 1: think the infrastructure for the dispensing that vaccine is going

609
00:34:53,680 --> 00:34:56,680
Speaker 1: to be crucial. Drew, when I interviewed Secretary former Secretary

610
00:34:56,719 --> 00:35:00,200
Speaker 1: Pendunta today, I asked him that question that Jack just race,

611
00:35:00,239 --> 00:35:02,400
Speaker 1: which was okay, Dr Facci saying we're gonna have a

612
00:35:02,440 --> 00:35:04,640
Speaker 1: vaccine by the end of the year in development, how

613
00:35:04,800 --> 00:35:06,799
Speaker 1: what do we need to be doing now? What do

614
00:35:06,840 --> 00:35:08,839
Speaker 1: we need to be doing yesterday in order to make

615
00:35:08,880 --> 00:35:12,960
Speaker 1: sure that the supply chain, domestic and cyber so cyber

616
00:35:13,000 --> 00:35:16,239
Speaker 1: domestic supply chain is going to be adequately prepared so

617
00:35:16,320 --> 00:35:19,399
Speaker 1: that individuals, regardless of where they live or their zip

618
00:35:19,400 --> 00:35:22,880
Speaker 1: code or their backgrounds, can get access to that vaccine.

619
00:35:23,239 --> 00:35:25,800
Speaker 1: And what he said is that you know that work

620
00:35:25,840 --> 00:35:29,759
Speaker 1: needs to start now. So Drew, maybe that what what

621
00:35:29,840 --> 00:35:32,000
Speaker 1: should Congress be looking into, and you've got all this

622
00:35:32,080 --> 00:35:35,000
Speaker 1: experience on the Hill. What should Congress be looking into

623
00:35:35,040 --> 00:35:37,560
Speaker 1: when they're doing these showboat hearings and we all know

624
00:35:37,640 --> 00:35:40,520
Speaker 1: they are on both sides show boat. What should they

625
00:35:40,560 --> 00:35:43,040
Speaker 1: be looking into to make sure that once we get

626
00:35:43,080 --> 00:35:46,040
Speaker 1: that vaccine by the end of the year, that we

627
00:35:46,120 --> 00:35:50,800
Speaker 1: are ready to deploy it immediately. You know, I was

628
00:35:51,200 --> 00:35:54,239
Speaker 1: senior counsel to the Secretary's Health and Human Services, not

629
00:35:54,320 --> 00:35:56,400
Speaker 1: the end of the Obama administration. During It's like I

630
00:35:56,480 --> 00:36:00,680
Speaker 1: set you up perfectly for that go ahead when when

631
00:36:00,760 --> 00:36:05,120
Speaker 1: Zico was an issue, and you remember that the President

632
00:36:05,239 --> 00:36:07,360
Speaker 1: put Ron Klean in charge of the White House and

633
00:36:08,160 --> 00:36:13,440
Speaker 1: of pandemic response. There's a playbook, and longtime Hill staffers

634
00:36:13,440 --> 00:36:16,040
Speaker 1: can finish each other's sentences to explain how this auto

635
00:36:16,040 --> 00:36:19,400
Speaker 1: have worked and could still work. If I were the

636
00:36:19,400 --> 00:36:22,160
Speaker 1: White House chief of staff, I would call Bill Frist,

637
00:36:22,520 --> 00:36:26,080
Speaker 1: former Senate Majority Leader, Republican practicing physition even when he

638
00:36:26,160 --> 00:36:30,480
Speaker 1: was in the Senate. Tom Dashell, former Senate Majority Leader, Democrat,

639
00:36:31,200 --> 00:36:34,520
Speaker 1: Obama's original first choice to head h HS. And then

640
00:36:34,680 --> 00:36:36,960
Speaker 1: you know Scott got leave FB a head from the

641
00:36:37,120 --> 00:36:41,239
Speaker 1: R side, and uh Andy Slavitt, CMS head from the

642
00:36:41,280 --> 00:36:46,359
Speaker 1: Democratic side. I'd appoint maybe ten twelve people. I get

643
00:36:46,400 --> 00:36:48,840
Speaker 1: them in a room. I'd say, you guys, tell me,

644
00:36:49,000 --> 00:36:50,800
Speaker 1: how do you work this out? I mean I worked

645
00:36:50,800 --> 00:36:54,040
Speaker 1: with people Karen to Salvo ran the health department to

646
00:36:54,120 --> 00:36:56,880
Speaker 1: the City of New Orleans. They had been through Chris,

647
00:36:57,000 --> 00:37:01,000
Speaker 1: these floods, storms, They've been through it. And hold onto that, Drew,

648
00:37:01,040 --> 00:37:03,000
Speaker 1: because we're gonna come right back to this after the job,

649
00:37:03,040 --> 00:37:05,080
Speaker 1: because I want to get more of an insider's perspective

650
00:37:05,440 --> 00:37:08,399
Speaker 1: on on on precisely what you're saying. So we're gonna

651
00:37:08,400 --> 00:37:10,359
Speaker 1: come right back to that, Drew stays. Jack stays. I'm

652
00:37:10,400 --> 00:37:12,879
Speaker 1: Kevin Sireli, Chief Aushington correspondent for Bloomberg TV and Radio.

653
00:37:12,920 --> 00:37:26,319
Speaker 1: You're listening to Bloomberg. This is Bloomberg Sound On with

654
00:37:26,400 --> 00:37:30,839
Speaker 1: Kevin Surrele on Bloomberg and one oh five point seven

655
00:37:30,920 --> 00:37:34,160
Speaker 1: f M h D two. My name is Kevin Sirelli.

656
00:37:34,480 --> 00:37:37,600
Speaker 1: I am the chief Aushton correspondent for Bloomberg Television and

657
00:37:38,280 --> 00:37:48,560
Speaker 1: for Bloomberg Radio. UH, historic, historic monumental anniversary is coming up,

658
00:37:49,080 --> 00:37:53,000
Speaker 1: and that is the one hundredth anniversary of women getting

659
00:37:53,160 --> 00:37:57,920
Speaker 1: the right to vote in the United States of America

660
00:37:58,160 --> 00:38:00,879
Speaker 1: a hundred years only a hundred years. Wow. It's quite

661
00:38:00,880 --> 00:38:03,600
Speaker 1: remarkable when you think how far we as a country

662
00:38:03,600 --> 00:38:07,160
Speaker 1: have gone and how far we still have to go.

663
00:38:07,320 --> 00:38:08,960
Speaker 1: I have, you know, I've been thinking a lot about this.

664
00:38:09,000 --> 00:38:10,239
Speaker 1: I don't know how people know this about me. I

665
00:38:10,280 --> 00:38:13,239
Speaker 1: have three older sisters, but um, I come from My

666
00:38:13,280 --> 00:38:16,279
Speaker 1: parents are political junkies. Their ideologically diverse. I'm not going

667
00:38:16,320 --> 00:38:18,480
Speaker 1: to tell you which ones which that don't ask, but

668
00:38:18,760 --> 00:38:21,800
Speaker 1: I so I kind of grew up as a political junkie.

669
00:38:21,800 --> 00:38:26,359
Speaker 1: But both of my grandmothers were also political junkies. And

670
00:38:26,480 --> 00:38:29,759
Speaker 1: my late grandmother, Mimi, who grew up in Scranton, Pennsylvania,

671
00:38:30,440 --> 00:38:34,160
Speaker 1: she actually worked the polls and I can she was.

672
00:38:34,280 --> 00:38:35,880
Speaker 1: She would be offended if I didn't say that she

673
00:38:36,000 --> 00:38:40,480
Speaker 1: was a Democrat, but she worked the polls every single election.

674
00:38:41,200 --> 00:38:44,120
Speaker 1: And my other grandma was a was a Republican, and um,

675
00:38:44,880 --> 00:38:47,359
Speaker 1: she also was very politically minded. But you think of

676
00:38:47,840 --> 00:38:51,000
Speaker 1: that generation, the greatest generation, and what they the sacrifice

677
00:38:51,040 --> 00:38:54,960
Speaker 1: they had to go through, and and they're in I

678
00:38:55,000 --> 00:38:57,439
Speaker 1: don't even want to say investment in democracy, but their

679
00:38:58,040 --> 00:39:01,120
Speaker 1: belief in democracy, and it really is remarkable and it's

680
00:39:01,560 --> 00:39:04,160
Speaker 1: I think, especially in this day and age, it's important

681
00:39:04,200 --> 00:39:06,200
Speaker 1: to remember, all right, enough of this is really soap box.

682
00:39:06,280 --> 00:39:09,280
Speaker 1: Joining us on the line. Jack Kingston, former Republican Georgia

683
00:39:09,280 --> 00:39:12,279
Speaker 1: congressman Trump twenty campaign suraga, Jack, do you have any

684
00:39:12,320 --> 00:39:14,759
Speaker 1: memories like that as we reflect on women and a

685
00:39:14,840 --> 00:39:18,800
Speaker 1: hundred years getting the rights to vote? Yes, my mother

686
00:39:19,080 --> 00:39:22,200
Speaker 1: actually and your grandmother would be horrified. But when we

687
00:39:22,239 --> 00:39:26,320
Speaker 1: moved to Athens, Georgia in the late nineteen fifties, that

688
00:39:26,560 --> 00:39:29,759
Speaker 1: was not a Republican party. Um. She joined the League

689
00:39:29,760 --> 00:39:33,560
Speaker 1: of Women Voters UM, as a lot of the Republican

690
00:39:33,640 --> 00:39:37,000
Speaker 1: women did, because that was their only outlet. But later

691
00:39:37,080 --> 00:39:41,040
Speaker 1: she went on to establish the Republican Party in Athens,

692
00:39:41,040 --> 00:39:44,400
Speaker 1: George and he's ninety five years old now and became

693
00:39:44,520 --> 00:39:47,640
Speaker 1: the chairman of it. That's awesome, but that's where I

694
00:39:47,680 --> 00:39:51,520
Speaker 1: got my political influence. Drew Littman, policy director at Brownston

695
00:39:51,600 --> 00:39:54,440
Speaker 1: Hide Farber Shrek and former chief of staff to Senator

696
00:39:54,480 --> 00:39:58,520
Speaker 1: Al frankn I mean, it really is fascinating that on

697
00:39:58,560 --> 00:40:00,560
Speaker 1: this anniversary, I'm surprised we have and heard more from

698
00:40:00,600 --> 00:40:03,080
Speaker 1: Hillary Clinton to be candid with you on this. I

699
00:40:03,080 --> 00:40:05,240
Speaker 1: would imagine that we're going to hear more from Hillary

700
00:40:05,840 --> 00:40:07,920
Speaker 1: coming up in the next couple of days, especially on

701
00:40:07,920 --> 00:40:10,920
Speaker 1: this and especially as Joe Biden gets ready to announce

702
00:40:10,960 --> 00:40:15,319
Speaker 1: his his v pick. You know, Kevin, I worked for

703
00:40:15,600 --> 00:40:19,840
Speaker 1: then Congressman Barbara Boxer when she ranpas Senate who it

704
00:40:19,880 --> 00:40:21,719
Speaker 1: became known as the Year of the Woman. It was

705
00:40:21,760 --> 00:40:25,520
Speaker 1: shortly after the Clarence Thomas Anita Hill hearings. As when

706
00:40:25,560 --> 00:40:30,200
Speaker 1: Barbara was elected, there were precisely two women in the Senate. Man,

707
00:40:30,960 --> 00:40:36,359
Speaker 1: the election added just for women. I'm sorry election, and

708
00:40:36,480 --> 00:40:40,000
Speaker 1: I would have get you that by it would have

709
00:40:40,000 --> 00:40:43,560
Speaker 1: been Man. I really would have been wrong. If you

710
00:40:43,600 --> 00:40:46,239
Speaker 1: look at the Republican side in the Senate, there are

711
00:40:46,320 --> 00:40:50,440
Speaker 1: just nine female senators. And here's the thing. The Republican

712
00:40:50,520 --> 00:40:54,640
Speaker 1: female incumbents in Maine, Arizona, Iowa, and Georgia who are

713
00:40:54,680 --> 00:40:56,960
Speaker 1: up for re election the Psycho are all behind in

714
00:40:57,000 --> 00:40:59,759
Speaker 1: the polls. And then there's a fifth senator at least

715
00:40:59,840 --> 00:41:02,560
Speaker 1: we're Hosk of Alaska, who once had to run ato

716
00:41:02,600 --> 00:41:05,480
Speaker 1: writing because she lost the Republican nomination to a Tea

717
00:41:05,520 --> 00:41:08,680
Speaker 1: party or who could become an independent and stopped caucusing

718
00:41:08,680 --> 00:41:12,239
Speaker 1: with the Republicans. So it's not inconceivable that the Republican

719
00:41:12,360 --> 00:41:17,000
Speaker 1: caucus in the Senate will have just listen half too

720
00:41:17,080 --> 00:41:19,359
Speaker 1: many women as it does now when they're sworn in.

721
00:41:20,560 --> 00:41:24,279
Speaker 1: It really is, really is remarkable to see just the

722
00:41:24,360 --> 00:41:27,800
Speaker 1: dramatic shift, the rightful shift in terms of what's happened

723
00:41:27,840 --> 00:41:30,360
Speaker 1: in the last hundred years, and again so much further

724
00:41:30,400 --> 00:41:32,680
Speaker 1: to go true before the jump, before the break, rather,

725
00:41:32,719 --> 00:41:35,720
Speaker 1: we were talking about your work in the Obama administration

726
00:41:35,800 --> 00:41:37,959
Speaker 1: at HHS and and you were telling you were giving

727
00:41:38,000 --> 00:41:40,720
Speaker 1: us a behind the scenes look at during the Zeka

728
00:41:40,840 --> 00:41:45,120
Speaker 1: outbreak about how lawmakers and both sides were preparing for

729
00:41:45,160 --> 00:41:48,440
Speaker 1: their should there need to be a vaccine, a mass vaccine,

730
00:41:48,800 --> 00:41:52,040
Speaker 1: what that looks like. So take us through the give

731
00:41:52,080 --> 00:41:54,080
Speaker 1: us about what I want is a behind the scenes look.

732
00:41:54,200 --> 00:41:56,160
Speaker 1: I don't want the parties in politics. I want to

733
00:41:56,200 --> 00:41:59,360
Speaker 1: know exactly what gets done, because that's really one of

734
00:41:59,400 --> 00:42:01,680
Speaker 1: the main questions I get as a reporter is what

735
00:42:02,200 --> 00:42:06,560
Speaker 1: how will this vaccine be made available to everyone, regardless

736
00:42:06,600 --> 00:42:09,759
Speaker 1: of their backgrounds, who they know, what they do. Just

737
00:42:09,880 --> 00:42:14,160
Speaker 1: take us through those types of very serious conversations well

738
00:42:15,160 --> 00:42:19,160
Speaker 1: to a degree that might surprise people. Now those kinds

739
00:42:19,160 --> 00:42:22,200
Speaker 1: of functions were carried out by experts in the department,

740
00:42:22,560 --> 00:42:26,520
Speaker 1: and everyone reported up through people like me to the secretary,

741
00:42:26,560 --> 00:42:29,080
Speaker 1: and the secretary still bea Burwell. She was very hands on.

742
00:42:29,200 --> 00:42:32,280
Speaker 1: She knew what people were doing, but you trusted experts

743
00:42:32,239 --> 00:42:34,879
Speaker 1: to deal with the with these things. People look at

744
00:42:35,080 --> 00:42:38,920
Speaker 1: Anthony Faucci now and he's a hero. Dr Faucci, but

745
00:42:39,000 --> 00:42:40,680
Speaker 1: he really stayed. Part of the reason he stands up

746
00:42:40,719 --> 00:42:43,480
Speaker 1: so much is there's no other person like him in

747
00:42:43,560 --> 00:42:47,040
Speaker 1: the administration. At h HS and the Obama administration, you

748
00:42:47,040 --> 00:42:49,840
Speaker 1: could put thirty Faucci's in a conference room if you

749
00:42:49,960 --> 00:42:52,799
Speaker 1: had to map out the solution to a problem like this.

750
00:42:53,400 --> 00:42:55,680
Speaker 1: It was a very different way of running things. People

751
00:42:55,760 --> 00:43:00,759
Speaker 1: were really well prepared for something like vaccine distribution. I

752
00:43:00,800 --> 00:43:04,400
Speaker 1: think it would work something like flu shot. The department

753
00:43:04,440 --> 00:43:07,959
Speaker 1: would take an inventory of the kinds of facilities, even

754
00:43:08,000 --> 00:43:12,400
Speaker 1: retail outlets that are available that are easily within people's

755
00:43:12,440 --> 00:43:16,560
Speaker 1: reach so that they can get vaccinated quickly. UM. That's

756
00:43:16,680 --> 00:43:20,200
Speaker 1: easier in urban areas and suburban areas. It gets a

757
00:43:20,239 --> 00:43:23,480
Speaker 1: lot harder in rural areas especially. There's a lot of

758
00:43:23,520 --> 00:43:27,200
Speaker 1: rural hospitals closed in the last few years. UM. But

759
00:43:27,320 --> 00:43:30,960
Speaker 1: you might use drug store chains you might use, might

760
00:43:31,000 --> 00:43:35,759
Speaker 1: even use schools on on weekends, any facility where you

761
00:43:35,800 --> 00:43:39,759
Speaker 1: could pull up with a van or a truck and

762
00:43:40,400 --> 00:43:44,600
Speaker 1: a couple of nurses and started administering those vaccines. Administering

763
00:43:44,640 --> 00:43:47,239
Speaker 1: the vaccine is in a very sophisticated medical function. You know,

764
00:43:47,920 --> 00:43:49,840
Speaker 1: as you know you can get a flu shot usually

765
00:43:50,160 --> 00:43:51,960
Speaker 1: in your local drug store. Well, that's what I want

766
00:43:52,000 --> 00:43:57,080
Speaker 1: to ask you, is like unlike testing, unlike mass testing, Drew,

767
00:43:57,600 --> 00:44:01,280
Speaker 1: we already have the infrastructure in place four mass vaccines

768
00:44:01,360 --> 00:44:03,640
Speaker 1: because of you have the flu vaccine, I mean, and

769
00:44:04,160 --> 00:44:05,719
Speaker 1: you know you have. Whether or not you're wanted or

770
00:44:05,719 --> 00:44:07,520
Speaker 1: not is up It is up to you. But we

771
00:44:07,560 --> 00:44:11,280
Speaker 1: already have that infrastructure. So that's got to give people

772
00:44:11,320 --> 00:44:16,520
Speaker 1: some optimism. It's not like we're creating a new system exactly,

773
00:44:18,280 --> 00:44:21,399
Speaker 1: at least on the normal circumstances. The federal government knows

774
00:44:21,440 --> 00:44:23,680
Speaker 1: how to do this. The system is in place, and

775
00:44:24,160 --> 00:44:26,719
Speaker 1: what the federal government we do once it had the

776
00:44:26,760 --> 00:44:30,600
Speaker 1: outline of a plan is you start approaching governor's offices

777
00:44:30,719 --> 00:44:34,040
Speaker 1: and you start approaching state health commissioners because you don't

778
00:44:34,040 --> 00:44:36,040
Speaker 1: assume that on the federal level, you know the best

779
00:44:36,080 --> 00:44:37,759
Speaker 1: way to do it, Like you'd be crazy to try

780
00:44:37,760 --> 00:44:40,040
Speaker 1: and do this in New York without talking to Governor

781
00:44:40,080 --> 00:44:42,200
Speaker 1: Cuomo first. Right, he's got a handle on what goes

782
00:44:42,239 --> 00:44:44,760
Speaker 1: on in his state. And you'd say, here's the story.

783
00:44:44,760 --> 00:44:52,720
Speaker 1: We're gonna have x many um uh vaccines, hypodermic needles, nurses, trucks.

784
00:44:52,960 --> 00:44:55,279
Speaker 1: Tell us how to get this around, tell us where

785
00:44:55,320 --> 00:44:57,480
Speaker 1: to put it, tell us where to administer the shots.

786
00:44:58,040 --> 00:45:01,440
Speaker 1: How is Buffalo? How is Syracuse different from from Queens

787
00:45:01,480 --> 00:45:03,759
Speaker 1: of the Bronx. You're working out with people on the

788
00:45:03,760 --> 00:45:05,960
Speaker 1: ground who know how to do it, But unlike what

789
00:45:06,000 --> 00:45:08,520
Speaker 1: the President is doing, you don't actually leave all to

790
00:45:08,640 --> 00:45:11,040
Speaker 1: the space. You make sure that there's a plan that's

791
00:45:11,080 --> 00:45:15,040
Speaker 1: consistent nationwide. Sure, go ahead, jump ahead, jump out here.

792
00:45:16,120 --> 00:45:19,919
Speaker 1: I gotta I gotta pushed back on my friend Drew.

793
00:45:20,360 --> 00:45:23,160
Speaker 1: I was chairman of the Labor, Health and Human Services

794
00:45:23,200 --> 00:45:27,360
Speaker 1: Committee when UM your boss was the secretary. UM, you

795
00:45:27,440 --> 00:45:30,680
Speaker 1: guys did a very mediocre job by nipoln Z because

796
00:45:30,680 --> 00:45:35,040
Speaker 1: there was nothing like speed. We we've never had anything

797
00:45:35,080 --> 00:45:38,440
Speaker 1: like warp speed before. And as I said earlier, we

798
00:45:38,560 --> 00:45:42,120
Speaker 1: are on the cusp of five act scenes. We have

799
00:45:42,560 --> 00:45:46,680
Speaker 1: UM given emergency used certificates for all kinds of medicines

800
00:45:46,760 --> 00:45:51,160
Speaker 1: to get them to the marketplace. UM and as you know,

801
00:45:51,520 --> 00:45:53,520
Speaker 1: the States are the lead. The other thing is I

802
00:45:53,600 --> 00:45:55,680
Speaker 1: got to point out to you, Drew, y'all let the

803
00:45:56,080 --> 00:45:59,880
Speaker 1: strategic national stoppal um inventory go low. You did not

804
00:46:00,000 --> 00:46:03,080
Speaker 1: re PLENTISHIP and again I was fund in Propriations Committee.

805
00:46:03,120 --> 00:46:05,759
Speaker 1: I know what your budget did and and I'm not

806
00:46:05,800 --> 00:46:08,360
Speaker 1: saying that you didn't do good jobs in other areas.

807
00:46:08,400 --> 00:46:11,280
Speaker 1: But to say somebody like Bob cad Lack, the ASPRA

808
00:46:11,400 --> 00:46:15,640
Speaker 1: who is the Assistant Secretary for Preparedness and Response, isn't

809
00:46:15,719 --> 00:46:18,080
Speaker 1: a serious player. He's got one of the most the

810
00:46:18,160 --> 00:46:22,080
Speaker 1: best logistics minds in the country, got a military background,

811
00:46:22,120 --> 00:46:26,200
Speaker 1: he works with female works with HHF, and UM. I

812
00:46:26,320 --> 00:46:29,719
Speaker 1: just I'm really a little bit offitted, Drew. I I

813
00:46:29,760 --> 00:46:33,400
Speaker 1: think you're totally wrong on that. UM. But now haven't

814
00:46:33,520 --> 00:46:36,600
Speaker 1: haven't got my partisanship off my chest. Let me say this,

815
00:46:37,000 --> 00:46:42,719
Speaker 1: Happy Friday, Jack, Happy Friday, Drew. Go ahead, you Drew

816
00:46:42,840 --> 00:46:45,719
Speaker 1: started it. I don't want to have this kind of show.

817
00:46:45,800 --> 00:46:48,120
Speaker 1: Go ahead, go ahead, go ahead, but but but no,

818
00:46:48,320 --> 00:46:50,399
Speaker 1: let me let me say this that that we're Drew

819
00:46:50,480 --> 00:46:53,959
Speaker 1: and I agree you you get the drugs to where

820
00:46:53,960 --> 00:46:58,760
Speaker 1: the biggest problem is first and also to the vulnerable population.

821
00:46:58,920 --> 00:47:02,120
Speaker 1: And at this point, you know, it's the seniors who

822
00:47:02,200 --> 00:47:04,319
Speaker 1: we want to make sure that they get it. One

823
00:47:04,360 --> 00:47:07,360
Speaker 1: of the issues that we've had with testing and with

824
00:47:07,440 --> 00:47:10,960
Speaker 1: PPS is you don't want people who don't need it

825
00:47:11,040 --> 00:47:13,919
Speaker 1: to be using it when you've got more vulnerable people

826
00:47:13,960 --> 00:47:16,160
Speaker 1: who are first in line. And that's what you have

827
00:47:16,239 --> 00:47:18,480
Speaker 1: to do through all this stuff. But but I want

828
00:47:18,520 --> 00:47:21,000
Speaker 1: to say this, Um, we gotta tell me, tell me

829
00:47:21,040 --> 00:47:23,160
Speaker 1: after the jump. How about that? Tell me after the jump?

830
00:47:23,200 --> 00:47:25,160
Speaker 1: All right, Jack and Drew, stay stick around. We got

831
00:47:25,160 --> 00:47:27,640
Speaker 1: another more coming up on the vaccines plus Doophie and

832
00:47:27,680 --> 00:47:30,640
Speaker 1: Glaso vaccine. More on that Operation Warp Speed investment that

833
00:47:30,680 --> 00:47:33,200
Speaker 1: was announced earlier. I'm Kevin Sireli. This is Bloomberg nine

834
00:47:33,200 --> 00:47:39,160
Speaker 1: and I want you're listening to Bloomberg Sound On with

835
00:47:39,239 --> 00:47:43,319
Speaker 1: Kevin Sireley on Bloomberg and one oh five point seven

836
00:47:43,440 --> 00:47:48,880
Speaker 1: f M HD two. I'm Kevin Surreally, chief Washington correspondent

837
00:47:48,920 --> 00:47:53,759
Speaker 1: for Bloomberg TV and Radio. What a week? What a week? Right? Am? I? Right?

838
00:47:54,600 --> 00:47:57,360
Speaker 1: You know it's just been dizzy and I feel like

839
00:47:57,400 --> 00:48:00,160
Speaker 1: all the days I don't know this week for me

840
00:48:00,280 --> 00:48:02,479
Speaker 1: was real long. But it's the weekend. We've got nothing

841
00:48:02,480 --> 00:48:05,400
Speaker 1: to gratitude. I have nothing but gratitude for you all

842
00:48:05,640 --> 00:48:08,880
Speaker 1: for tuning in and for continuing to keep this conversation rolling.

843
00:48:08,880 --> 00:48:11,800
Speaker 1: And remember you can download the Bloomberg Sound On podcast

844
00:48:11,840 --> 00:48:14,920
Speaker 1: on Apple iTunes, at Bloomberg dot com, or by downloading

845
00:48:14,920 --> 00:48:16,719
Speaker 1: the Bloomberg Business App. You can also find me on

846
00:48:16,840 --> 00:48:21,799
Speaker 1: Radio dot com, the I Heart Radio, UH, Spotify, and

847
00:48:21,840 --> 00:48:27,440
Speaker 1: everywhere else you listen to and stream Bloomberg Radio sound

848
00:48:27,480 --> 00:48:30,640
Speaker 1: on UM joining us for the hour. They've been so

849
00:48:30,719 --> 00:48:32,840
Speaker 1: generous with their time. This has been a really great panel,

850
00:48:33,080 --> 00:48:39,240
Speaker 1: really great discussion, UH with with our panel Drew Littman

851
00:48:39,440 --> 00:48:44,440
Speaker 1: and UH Jack Kinston. Jack, thanks for joining us. I

852
00:48:44,520 --> 00:48:46,840
Speaker 1: kind of cut you off that I didn't really, but

853
00:48:46,960 --> 00:48:48,440
Speaker 1: I mean I had to interrupt I how to go

854
00:48:48,480 --> 00:48:50,400
Speaker 1: to the break, So I wanted to let you finish

855
00:48:50,400 --> 00:48:53,880
Speaker 1: your thoughts with regards to getting vaccines to the mass public.

856
00:48:53,920 --> 00:48:58,040
Speaker 1: Once we do have a vaccine, I think that you

857
00:48:58,120 --> 00:49:00,919
Speaker 1: do have to have a whole of government response. You've

858
00:49:00,920 --> 00:49:03,160
Speaker 1: got to have the governors there, You've got to have

859
00:49:03,320 --> 00:49:06,840
Speaker 1: the military logistical type guys there. You've got to have

860
00:49:07,040 --> 00:49:11,840
Speaker 1: the the hospitals. Um. But um, you know we've learned

861
00:49:11,960 --> 00:49:16,320
Speaker 1: so much that we did not know in February that, Um,

862
00:49:16,320 --> 00:49:19,960
Speaker 1: I'm optimistic. Show me where there has been a disaster,

863
00:49:20,080 --> 00:49:23,319
Speaker 1: where everything has been perfect and you know, and I'll

864
00:49:23,840 --> 00:49:26,319
Speaker 1: thank you to dinner because I think there's always going

865
00:49:26,360 --> 00:49:29,960
Speaker 1: to be glitches. Um. So, but but you know, wanted

866
00:49:30,000 --> 00:49:32,640
Speaker 1: to say that. Well, Drew and I would have our

867
00:49:32,880 --> 00:49:36,160
Speaker 1: differences on the front end what happens in this great

868
00:49:36,200 --> 00:49:39,520
Speaker 1: country of ours. On the back end, we always come together. Um,

869
00:49:40,000 --> 00:49:42,000
Speaker 1: and you know it takes a while for us to

870
00:49:42,000 --> 00:49:44,359
Speaker 1: get it right, but that's the nature of democracy. Well,

871
00:49:44,440 --> 00:49:47,240
Speaker 1: that's I want to crunch some numbers on the Bloomberg terminal.

872
00:49:47,400 --> 00:49:50,960
Speaker 1: US blog is up to two point one billion dollars

873
00:49:51,520 --> 00:49:55,560
Speaker 1: for Sena Fee and Glaxo Vaccine James Patton on the terminal.

874
00:49:55,800 --> 00:49:58,640
Speaker 1: The Trump administration will provide as much as two point

875
00:49:58,680 --> 00:50:03,000
Speaker 1: one billion dollars to COVID nineteen, Vaccine Partners Center Fee

876
00:50:03,080 --> 00:50:09,080
Speaker 1: and Glaxo Smith Climb Plc, the biggest US investment yet

877
00:50:09,600 --> 00:50:12,840
Speaker 1: in fast tracking shots and snapping up supplies, part of

878
00:50:12,880 --> 00:50:16,360
Speaker 1: Operation Warp Speed. The funding will support clinical trials and

879
00:50:16,400 --> 00:50:19,840
Speaker 1: manufacturing file allowing the US to secure a hundred million

880
00:50:19,880 --> 00:50:23,280
Speaker 1: doses of the shot if it's successful, the company said

881
00:50:23,520 --> 00:50:26,480
Speaker 1: earlier on Friday. Today, the country has an option to

882
00:50:26,520 --> 00:50:31,080
Speaker 1: receive an additional five hundred million doses in the longer terms.

883
00:50:31,120 --> 00:50:33,080
Speaker 1: So I mean, like, the reason I bring this up

884
00:50:33,160 --> 00:50:36,560
Speaker 1: is because it is transpartisan. I think you know, yes,

885
00:50:36,760 --> 00:50:39,239
Speaker 1: Drew and Jack, folks, they have their partisan differences. I

886
00:50:39,280 --> 00:50:42,080
Speaker 1: get that, But it is transpartisan in the issue of

887
00:50:42,160 --> 00:50:47,080
Speaker 1: the infrastructure, both cyber and UM brick and mortar infrastructure,

888
00:50:47,440 --> 00:50:52,319
Speaker 1: and ordered and scientific intellectual property in terms of executing

889
00:50:52,719 --> 00:50:56,320
Speaker 1: the vaccine as a whole, and the center fee Glaxo

890
00:50:56,360 --> 00:51:00,040
Speaker 1: Smith Klein News today with regards to a plan and

891
00:51:00,239 --> 00:51:02,440
Speaker 1: to have a hundred million doses of the shot if

892
00:51:02,440 --> 00:51:06,600
Speaker 1: it's successful, uh, almost immediately, and then the option to

893
00:51:07,000 --> 00:51:11,279
Speaker 1: pursue another five hundred million doses in the longer term.

894
00:51:11,600 --> 00:51:14,360
Speaker 1: There's just evidence of that UM and that public private

895
00:51:14,400 --> 00:51:17,839
Speaker 1: partnership that really does transcend the left or the right.

896
00:51:17,840 --> 00:51:21,120
Speaker 1: All right, gentlemen, it's time for my favorite part of

897
00:51:21,160 --> 00:51:24,600
Speaker 1: the show. That should we have finally brought back UM

898
00:51:24,640 --> 00:51:26,759
Speaker 1: and that is what's on your radar? And I want

899
00:51:26,800 --> 00:51:29,640
Speaker 1: you to tell me something that is on your radar

900
00:51:29,800 --> 00:51:33,120
Speaker 1: that maybe people don't know about. Maybe they do, but

901
00:51:33,280 --> 00:51:37,160
Speaker 1: you don't. Don't think it got enough attention. And uh, Drew,

902
00:51:37,160 --> 00:51:38,640
Speaker 1: I'm gonna put you on the spot. But because you

903
00:51:38,640 --> 00:51:40,440
Speaker 1: know where to get a chef steak in Philadelphia, I

904
00:51:40,480 --> 00:51:43,319
Speaker 1: think you'll have a good answer. So what what is

905
00:51:43,520 --> 00:51:47,839
Speaker 1: on your radar here? It is under the Affordable Care

906
00:51:47,840 --> 00:51:52,400
Speaker 1: Act to medicate expansion people earning up of the poverty

907
00:51:52,440 --> 00:51:58,600
Speaker 1: line was supposed to be statewide states that it was optional.

908
00:51:58,960 --> 00:52:03,120
Speaker 1: There are teen states that still have not adopted the expansion,

909
00:52:03,560 --> 00:52:07,279
Speaker 1: all red states. This matters a great deal because for

910
00:52:07,320 --> 00:52:09,920
Speaker 1: the obvious reasons, people need coverage and red space just

911
00:52:10,000 --> 00:52:11,719
Speaker 1: like they do in blue states. But it matters to

912
00:52:11,800 --> 00:52:15,880
Speaker 1: two other important reasons that are underserved. One is you

913
00:52:15,960 --> 00:52:19,120
Speaker 1: need Medicaid to keep for all hospitals open. They're they're

914
00:52:19,160 --> 00:52:23,480
Speaker 1: closing in rural communities across the country and people are

915
00:52:23,480 --> 00:52:29,120
Speaker 1: losing healthcare treatment options. And the third reason is Medicaid,

916
00:52:29,360 --> 00:52:35,200
Speaker 1: government provided insurance that kicks in automatically is counter cyclical stimulus.

917
00:52:35,600 --> 00:52:37,919
Speaker 1: The worst of the economy gets the more people depend

918
00:52:38,000 --> 00:52:41,280
Speaker 1: on Medicaid, more the federal government spends in your state

919
00:52:41,640 --> 00:52:46,160
Speaker 1: through Medicaid, So It has three purposes, all of which

920
00:52:46,160 --> 00:52:51,000
Speaker 1: are very important now. And I am hopeful that election

921
00:52:51,080 --> 00:52:54,080
Speaker 1: will create some changes in the States and federally that

922
00:52:54,120 --> 00:52:59,440
Speaker 1: will make the medicaid expansion nationwide and very interesting, fascinating.

923
00:52:59,560 --> 00:53:03,120
Speaker 1: Jack Exton, what's on your radar? First of all, I

924
00:53:03,160 --> 00:53:06,680
Speaker 1: wanted to recommend a great book for you as you uh,

925
00:53:07,000 --> 00:53:10,759
Speaker 1: Let's celebrate the hundred year anniversary of women but Um Suffrage.

926
00:53:11,480 --> 00:53:16,359
Speaker 1: Rosalie edge Hawk of Mercy by Diana for man Ski.

927
00:53:16,800 --> 00:53:19,760
Speaker 1: Great book about the woman who was a great environmentalist,

928
00:53:19,840 --> 00:53:23,000
Speaker 1: conservationist and suffragette. Right, Yeah, text me the name of that.

929
00:53:23,160 --> 00:53:25,160
Speaker 1: Text me the name of that, because I've got Gradi

930
00:53:25,200 --> 00:53:27,040
Speaker 1: Van Susteron just told me to read this other book

931
00:53:27,040 --> 00:53:29,040
Speaker 1: that I just got off of Amazon. It's I'm trying

932
00:53:29,080 --> 00:53:31,520
Speaker 1: to pull it up and I'm finishing. Actually, my goal

933
00:53:31,600 --> 00:53:34,200
Speaker 1: this weekend is to finish this book that I'm reading

934
00:53:34,239 --> 00:53:36,759
Speaker 1: that's like six hundred pages. It's called Ghost Wars. I

935
00:53:36,840 --> 00:53:38,600
Speaker 1: want to pull it, sir. But then after that, I

936
00:53:38,640 --> 00:53:41,080
Speaker 1: got to read this book. Gretta told me about presidential

937
00:53:41,120 --> 00:53:44,719
Speaker 1: campaigns by Paul F. Baller Jr. From George Washington to

938
00:53:44,760 --> 00:53:47,239
Speaker 1: George W. Bush. She said, She said, I would like it,

939
00:53:47,239 --> 00:53:49,480
Speaker 1: so text me that it's like Kevin Cereli's book Club.

940
00:53:49,719 --> 00:53:52,160
Speaker 1: You know, um here, but go ahead, Jock. What's on

941
00:53:52,200 --> 00:53:54,680
Speaker 1: your go ahead? Well, well, I want to set number one.

942
00:53:54,719 --> 00:53:57,360
Speaker 1: I don't have your you know, your caliphone numbers protected,

943
00:53:57,440 --> 00:53:59,080
Speaker 1: so you're gonna have to get christ saying to give

944
00:53:59,120 --> 00:54:02,279
Speaker 1: it to him. I don't given it to you. I

945
00:54:02,640 --> 00:54:07,439
Speaker 1: can't never get the one thing I want to say,

946
00:54:07,960 --> 00:54:10,120
Speaker 1: Harvard Harris Paul that came out a week ago to

947
00:54:10,239 --> 00:54:14,880
Speaker 1: day showed that six of the people believe that on

948
00:54:15,080 --> 00:54:19,839
Speaker 1: the unemployment benefit that you should not pay more than

949
00:54:19,920 --> 00:54:24,600
Speaker 1: what they're making now, and yet of the American workers

950
00:54:24,719 --> 00:54:27,440
Speaker 1: are getting paid more to stay at home than to work.

951
00:54:27,840 --> 00:54:32,920
Speaker 1: One of the issues that employers have jobs, but they

952
00:54:32,920 --> 00:54:35,160
Speaker 1: can't get people to come back to work. So I

953
00:54:35,200 --> 00:54:39,000
Speaker 1: think there's got to be something like legislation proposed by

954
00:54:39,160 --> 00:54:42,200
Speaker 1: Rob Portman that figures out how to get people back

955
00:54:42,239 --> 00:54:45,440
Speaker 1: to work. It pays them a bonus so that they

956
00:54:45,480 --> 00:54:48,360
Speaker 1: will be made whole. But I don't think people should

957
00:54:48,840 --> 00:54:50,759
Speaker 1: get more money to stay at home than they are

958
00:54:50,800 --> 00:54:54,040
Speaker 1: working because it slows down the recovery. All right, I mean,

959
00:54:54,080 --> 00:54:56,799
Speaker 1: I hear you on the points that both of you

960
00:54:56,840 --> 00:54:59,280
Speaker 1: made and I appreciate that both of you didn't respond

961
00:54:59,480 --> 00:55:03,480
Speaker 1: to the the person. But hey, it's Friday. We're gonna

962
00:55:03,520 --> 00:55:05,240
Speaker 1: end on a peaceful now Here's what's on my radar.

963
00:55:05,400 --> 00:55:06,840
Speaker 1: There's a lot. I mean, we could talk about the

964
00:55:06,920 --> 00:55:09,520
Speaker 1: VP pick, but I don't, uh, you know, we we

965
00:55:09,760 --> 00:55:11,920
Speaker 1: you know, Kamala Harris, whether it will be Val Demming's

966
00:55:11,960 --> 00:55:15,239
Speaker 1: and whatnot. That's supposedly coming sometime in the early, uh

967
00:55:15,719 --> 00:55:18,399
Speaker 1: in the early part of August. But actually I got

968
00:55:18,400 --> 00:55:19,960
Speaker 1: this from a source and it was in the Wall

969
00:55:20,000 --> 00:55:22,640
Speaker 1: Street Journal the last week and I thought it was

970
00:55:22,760 --> 00:55:27,840
Speaker 1: really fascinating. It was written by Morgan Stanley's Rouchier Sharma

971
00:55:28,000 --> 00:55:30,799
Speaker 1: uh and in the Wall Street Journal last weekend, and

972
00:55:30,800 --> 00:55:35,920
Speaker 1: it's it's headlined the Rescues Ruining Capitalism, and one of

973
00:55:35,920 --> 00:55:38,840
Speaker 1: the lead quotes in it is quote, the rising culture

974
00:55:39,239 --> 00:55:43,560
Speaker 1: of government dependence is in fact a form of socialism

975
00:55:43,719 --> 00:55:46,160
Speaker 1: for the rich and the powerful. And I can't get

976
00:55:46,160 --> 00:55:47,839
Speaker 1: it out of my head. I can't get it out

977
00:55:47,880 --> 00:55:51,040
Speaker 1: of my head as we're covering these economic stimulus is

978
00:55:51,080 --> 00:55:55,520
Speaker 1: because what's so incredibly important about Morgan Stanley's Rouchier Sharma's

979
00:55:55,520 --> 00:55:57,360
Speaker 1: piece in the Wall Street Journal from last weekend. I

980
00:55:57,400 --> 00:56:00,719
Speaker 1: tweeted it out earlier. At kept really is that it

981
00:56:00,760 --> 00:56:03,400
Speaker 1: doesn't take a position in terms of the left of

982
00:56:03,440 --> 00:56:07,279
Speaker 1: the right, but it really looks at capitalism. Capitalism not

983
00:56:07,600 --> 00:56:11,760
Speaker 1: through the lens of you know, the the Tea Party

984
00:56:11,800 --> 00:56:14,920
Speaker 1: or the AOC or whatnot, but it takes a really

985
00:56:15,000 --> 00:56:18,400
Speaker 1: comparative look at it and and how other countries have

986
00:56:18,480 --> 00:56:23,080
Speaker 1: handled investments in infrastructure and whatnot. And it's it's fascinating.

987
00:56:23,080 --> 00:56:24,600
Speaker 1: It gives you a lot to think about. So it's

988
00:56:24,600 --> 00:56:27,120
Speaker 1: all my radar because, uh, if you're into that stuff,

989
00:56:27,120 --> 00:56:29,279
Speaker 1: if you're a nerd and on the weekends you'd like

990
00:56:29,360 --> 00:56:32,439
Speaker 1: to nerd out in these socially distant times, maybe check

991
00:56:32,440 --> 00:56:36,120
Speaker 1: it out. The rising culture of government dependence is in

992
00:56:36,280 --> 00:56:40,360
Speaker 1: fact a form of socialism for the rich and powerful.

993
00:56:40,400 --> 00:56:44,800
Speaker 1: That's Morgan Stanley's Routier Sharma writing in The Wall Street Journal.

994
00:56:44,800 --> 00:56:46,600
Speaker 1: Thank you to Drew, thank you to Jack, Thank you

995
00:56:46,680 --> 00:56:49,839
Speaker 1: to you for listening. My name is Kevin cur Really,

996
00:56:49,960 --> 00:56:53,360
Speaker 1: I'm the chief Washington correspondent for Bloomberg Television for Bloomberg Radio,

997
00:56:53,640 --> 00:56:56,040
Speaker 1: and you're listening. Well. First of all, have a great weekend.

998
00:56:56,320 --> 00:56:58,280
Speaker 1: I'll be back next week. And thank you for listening

999
00:56:58,320 --> 00:57:00,080
Speaker 1: to Bloomberg nine and I want the