1 00:00:00,320 --> 00:00:03,040 Speaker 1: Why from our nation's capital, this budget thing is going 2 00:00:03,080 --> 00:00:05,520 Speaker 1: to do nothing. Space Force. I still think it's interesting 3 00:00:05,559 --> 00:00:08,840 Speaker 1: President Trump not playing his cards yet. Headlines Policy and 4 00:00:09,039 --> 00:00:14,960 Speaker 1: politics colliding Floomberg Sound On, the Insiders, the influencers, the insides. 5 00:00:15,080 --> 00:00:17,319 Speaker 1: I would rather see a congressional solution. It's part of 6 00:00:17,360 --> 00:00:20,520 Speaker 1: my DNA. The Senate map in looks a lot different 7 00:00:20,520 --> 00:00:22,880 Speaker 1: than it looked in. President Trump was sent here to 8 00:00:22,920 --> 00:00:26,400 Speaker 1: smash conventional norms in a sense. Bernie Sanders has already 9 00:00:26,440 --> 00:00:30,800 Speaker 1: on This is Bloomberg Sound On with Kevin Surley on 10 00:00:31,000 --> 00:00:35,280 Speaker 1: Bloomberg one oh five point seven m h D two 11 00:00:35,680 --> 00:00:39,040 Speaker 1: US stocks tumble eleven and the worst week since the 12 00:00:39,040 --> 00:00:42,320 Speaker 1: financial crisis, and FED Chair J. Powell opens the door 13 00:00:42,440 --> 00:00:45,879 Speaker 1: to FED rate cut. On evolving risks from the virus, 14 00:00:45,960 --> 00:00:48,839 Speaker 1: The latest on the policy front, on the politics, and 15 00:00:48,880 --> 00:00:51,800 Speaker 1: the White House out in full force today from Capitol 16 00:00:51,880 --> 00:00:56,680 Speaker 1: Hill to Sepack, urging folks not to be two alarmed 17 00:00:56,720 --> 00:00:58,760 Speaker 1: as a result of the coronavirus. We're gonna check in 18 00:00:58,840 --> 00:01:00,960 Speaker 1: with an economist, We're gonna check in with two with 19 00:01:01,000 --> 00:01:04,160 Speaker 1: a reporter as well as two political all stars as 20 00:01:04,200 --> 00:01:08,240 Speaker 1: well and South Carolina e folks Ken Joe Biden mount 21 00:01:08,440 --> 00:01:11,319 Speaker 1: comeback or is it too little too late for Senator 22 00:01:11,319 --> 00:01:14,440 Speaker 1: Bernie Sanders. I'm Kevin Cirelli, Chief Washington correspondent fro Bloomberg 23 00:01:14,440 --> 00:01:17,440 Speaker 1: TV and Radio. Calvin Schnore is gonna join us Senior 24 00:01:17,480 --> 00:01:21,400 Speaker 1: economist at Navy, Kevin Walling, Eli Yoakley and Mark Ross. 25 00:01:21,400 --> 00:01:24,720 Speaker 1: Happy Friday. Let's get right to it, because the coronavirus 26 00:01:24,760 --> 00:01:28,280 Speaker 1: still ricocheting its way throughout the markets and the U 27 00:01:28,360 --> 00:01:33,279 Speaker 1: S stocks tumbling eleven percent in the worst week since 28 00:01:33,319 --> 00:01:36,240 Speaker 1: the financial crisis. I logged onto the Bloomberg just to 29 00:01:36,240 --> 00:01:38,640 Speaker 1: get the markets wrap, just to see when the when 30 00:01:38,640 --> 00:01:41,000 Speaker 1: the closing bell came? What how are we gonna end 31 00:01:41,000 --> 00:01:42,680 Speaker 1: this week? You're ready for this? I'm reading from my 32 00:01:42,720 --> 00:01:45,200 Speaker 1: colleagues reporting on the Bloomberg terminal. The spread of the 33 00:01:45,240 --> 00:01:49,600 Speaker 1: coronavirus rattled global financial markets, sending US stocks to their 34 00:01:49,640 --> 00:01:53,160 Speaker 1: worst week since the Financial crisis more than a decade ago. 35 00:01:54,000 --> 00:01:58,320 Speaker 1: Demands spikes for safe assets from treasuries to again, and 36 00:01:58,320 --> 00:02:00,600 Speaker 1: the sp five plun eleven for sent in the five 37 00:02:00,680 --> 00:02:04,040 Speaker 1: days in the dal Jas industrial average creamed to the 38 00:02:04,080 --> 00:02:07,920 Speaker 1: lowest since June, wiping out. Almost here it comes three 39 00:02:08,080 --> 00:02:13,480 Speaker 1: trillion dollars in value from American equities joining us on 40 00:02:13,520 --> 00:02:16,000 Speaker 1: the line before we dive into the politics, which we 41 00:02:16,040 --> 00:02:17,720 Speaker 1: gotta get to because the White House was out in 42 00:02:17,720 --> 00:02:19,600 Speaker 1: full force. I was at the White House earlier today. 43 00:02:19,760 --> 00:02:23,320 Speaker 1: I mean Cudlow, Larry Cudlow, the president chief Economic Advisor. 44 00:02:23,440 --> 00:02:25,919 Speaker 1: He was in the briefing room. They had a pen 45 00:02:25,960 --> 00:02:28,840 Speaker 1: and pad for reporters. You've got Secretary of State Mike 46 00:02:28,840 --> 00:02:34,040 Speaker 1: Pompeo on Capitol Hill getting lots of tough questions from Democrats. 47 00:02:34,240 --> 00:02:37,280 Speaker 1: You handled it well, frankly. And then you got Mulveny, 48 00:02:37,320 --> 00:02:39,760 Speaker 1: Mick mulvany, the acting Chief of Staff. He was at 49 00:02:39,760 --> 00:02:42,840 Speaker 1: c Pack. Pompeo popped in at s Pack as well. 50 00:02:42,960 --> 00:02:45,720 Speaker 1: We're gonna get to to all of that, but let's 51 00:02:45,760 --> 00:02:48,040 Speaker 1: just start with the facts. Let's start with the nuts 52 00:02:48,080 --> 00:02:53,760 Speaker 1: and bolts in terms of how this is impacting the economy. 53 00:02:53,840 --> 00:02:57,560 Speaker 1: Calvin Schnore is joining us on the telephone line. He's 54 00:02:57,600 --> 00:03:00,920 Speaker 1: the senior economist folks at NAY, so we're thrilled to 55 00:03:00,919 --> 00:03:03,920 Speaker 1: have Calvin on the line. Calvin, when you're looking at 56 00:03:03,960 --> 00:03:08,160 Speaker 1: the stock market today, what are you seeing and is 57 00:03:08,200 --> 00:03:12,320 Speaker 1: it going to get any better at all? Next week? 58 00:03:13,320 --> 00:03:15,520 Speaker 1: What's hard to tell what's going to happen next week. 59 00:03:15,560 --> 00:03:18,480 Speaker 1: But what we've seen over the past week a little 60 00:03:18,520 --> 00:03:21,400 Speaker 1: bit more than a week, is a shift from concerns 61 00:03:21,520 --> 00:03:25,200 Speaker 1: about things that would not happen inside the US. Last week. 62 00:03:25,560 --> 00:03:28,560 Speaker 1: Week before, people were worried about shortages of critical parts 63 00:03:28,560 --> 00:03:32,360 Speaker 1: that might be manufactured in China or cruises. There were 64 00:03:32,360 --> 00:03:36,520 Speaker 1: somewhere in Asian American companies responsoring them. Um, what we're 65 00:03:36,520 --> 00:03:39,880 Speaker 1: seeing now is concerned about disruptions within the US because 66 00:03:39,920 --> 00:03:42,200 Speaker 1: there are some cases here and there are these cases 67 00:03:42,200 --> 00:03:46,600 Speaker 1: are certainly going to grow significantly. But what I'm also 68 00:03:46,720 --> 00:03:49,280 Speaker 1: seeing is there's not a lot of distinction within the 69 00:03:49,360 --> 00:03:52,520 Speaker 1: market about the sectors that are going to get hit. 70 00:03:53,000 --> 00:03:56,559 Speaker 1: There's a really big difference between sales that are postponed 71 00:03:56,680 --> 00:04:00,280 Speaker 1: versus those that are canceled completely. This is huge, This 72 00:04:00,320 --> 00:04:02,800 Speaker 1: is huge, And let's let's just pause there because it 73 00:04:02,840 --> 00:04:07,040 Speaker 1: bears repeating. There's a difference between sales that are postponed 74 00:04:07,720 --> 00:04:10,920 Speaker 1: and sales that are canceled. What do you mean, Well, 75 00:04:11,040 --> 00:04:13,160 Speaker 1: we actually have we've never seen the virus like this 76 00:04:13,240 --> 00:04:17,040 Speaker 1: hit the US, but we do have experience with events 77 00:04:17,160 --> 00:04:21,040 Speaker 1: hitting the US, sometimes a hurricane or an earthquake, somebody 78 00:04:21,080 --> 00:04:25,880 Speaker 1: causes a major disruption to economic activity and sales will 79 00:04:25,880 --> 00:04:30,279 Speaker 1: be will be disrupted, but usually you see a bounce 80 00:04:30,360 --> 00:04:33,479 Speaker 1: back the next month, the next quarter, sometime later in 81 00:04:33,600 --> 00:04:36,640 Speaker 1: the year. When you look at companies that are trading 82 00:04:36,720 --> 00:04:39,400 Speaker 1: stock market right now, the question is are these ones 83 00:04:39,440 --> 00:04:41,600 Speaker 1: that are going to lose out completely, like like a 84 00:04:41,600 --> 00:04:43,760 Speaker 1: cruise line that is not going to have sales, or 85 00:04:43,839 --> 00:04:46,680 Speaker 1: restaurant that's not going to have people coming in there 86 00:04:46,680 --> 00:04:49,640 Speaker 1: for business, or if if there are things that are 87 00:04:49,640 --> 00:04:51,880 Speaker 1: just going to be postponed, and that that takes a 88 00:04:51,880 --> 00:04:55,360 Speaker 1: big difference in the value. So even beyond that, fed 89 00:04:55,400 --> 00:04:58,919 Speaker 1: Share J. Powell, he said that the coronavirus quote poses 90 00:04:58,960 --> 00:05:02,039 Speaker 1: evolving risks end quote to the U. S economy, and 91 00:05:02,080 --> 00:05:04,719 Speaker 1: he's signaling that the Central Bank is gonna be prepared 92 00:05:04,800 --> 00:05:07,520 Speaker 1: to cut interest rates if necessary to sustain the country's 93 00:05:07,600 --> 00:05:10,719 Speaker 1: longest ever expansion. And this again from Craig Torres reporting 94 00:05:10,920 --> 00:05:13,159 Speaker 1: on the Bloomberg terminal. So you hear that from from 95 00:05:13,279 --> 00:05:16,800 Speaker 1: fed share Powell, uh, and he's wearing in it seems 96 00:05:16,839 --> 00:05:20,040 Speaker 1: like to say, Okay, the Central Bank, they're monitoring this 97 00:05:20,120 --> 00:05:22,279 Speaker 1: and they're prepared act. That's you know how do you 98 00:05:22,320 --> 00:05:25,320 Speaker 1: how do you interpret that? Well, I read this statement 99 00:05:25,320 --> 00:05:27,400 Speaker 1: as well. It's his share the chairman's statements, a very 100 00:05:27,400 --> 00:05:29,360 Speaker 1: short statement thing that you know they're they're aware of 101 00:05:29,400 --> 00:05:32,080 Speaker 1: it um, but there's really not a lot that they 102 00:05:32,080 --> 00:05:35,520 Speaker 1: can do to address the real issues. The real issues 103 00:05:35,600 --> 00:05:38,560 Speaker 1: or what if the mall is closed or whatever factory closed, 104 00:05:38,920 --> 00:05:41,480 Speaker 1: have a little bit better cost of long term financing 105 00:05:41,520 --> 00:05:44,599 Speaker 1: or short term financing is not going to help. The 106 00:05:44,640 --> 00:05:47,160 Speaker 1: wait place they will be able to do things is 107 00:05:47,279 --> 00:05:51,760 Speaker 1: if something feeds into a crisis in the financial system 108 00:05:51,800 --> 00:05:54,000 Speaker 1: of banks are having trouble with inner bank financing, they 109 00:05:54,000 --> 00:05:56,600 Speaker 1: can provide liquidity that there are no signs of that. 110 00:05:56,640 --> 00:06:00,200 Speaker 1: This is not something that's likely to evolved to a 111 00:06:00,240 --> 00:06:02,680 Speaker 1: financial crisis. But the chairman is just saying that he's 112 00:06:02,760 --> 00:06:05,240 Speaker 1: looking very closely. They're they're they're watching to see what's 113 00:06:05,279 --> 00:06:07,440 Speaker 1: going to happen. But this is not the type of 114 00:06:07,480 --> 00:06:10,839 Speaker 1: situation where interest rates of the tool. Well, Calvin Shore 115 00:06:10,920 --> 00:06:13,160 Speaker 1: is on the line his senior economists at nav Ate. Calvin, 116 00:06:13,320 --> 00:06:14,800 Speaker 1: I mean, I hear what you're saying, and I think 117 00:06:14,800 --> 00:06:17,520 Speaker 1: what you said is it bears repeating that when you 118 00:06:17,560 --> 00:06:21,120 Speaker 1: look at previous issues that have come up, whether it's 119 00:06:21,160 --> 00:06:24,719 Speaker 1: a hurricane, whether it's a snowstorm. Maybe that's the way 120 00:06:24,760 --> 00:06:27,400 Speaker 1: that an economists like yourself are starting to look at 121 00:06:27,440 --> 00:06:30,200 Speaker 1: this in terms of the longer term risk. Now, based 122 00:06:30,240 --> 00:06:32,240 Speaker 1: upon my reporting, Calvin, I can tell you that that 123 00:06:32,320 --> 00:06:35,200 Speaker 1: four sentence statement that came from FED share Palell today, 124 00:06:35,600 --> 00:06:37,479 Speaker 1: I think it was because you started to hear some 125 00:06:37,560 --> 00:06:40,120 Speaker 1: rumblings of the Peter Navarro's and the Larry Cudlers. They 126 00:06:40,200 --> 00:06:42,520 Speaker 1: might not agree on much, they're on different sides of 127 00:06:42,560 --> 00:06:45,400 Speaker 1: the island certain issues, but you started hearing some rumblings 128 00:06:45,400 --> 00:06:48,680 Speaker 1: from Pennsylvania Avenue and they were gonna put the FED 129 00:06:49,000 --> 00:06:53,320 Speaker 1: in the hot seat if this coronavirus thing continues to intensify. 130 00:06:53,400 --> 00:06:55,400 Speaker 1: Let me play for your quickly with Larry Cudler said 131 00:06:55,400 --> 00:06:57,719 Speaker 1: earlier today. He told reporters this at the White House. 132 00:06:57,760 --> 00:07:00,480 Speaker 1: I mentioned it. Here's Larry Cudlow on the market impacts 133 00:07:00,760 --> 00:07:03,960 Speaker 1: of the coronavirus. Even though it's a front page story 134 00:07:04,160 --> 00:07:10,520 Speaker 1: and nobody likes to see there asset diuers go down. UM. 135 00:07:10,600 --> 00:07:12,400 Speaker 1: I just don't think at this point it's going to 136 00:07:12,480 --> 00:07:14,640 Speaker 1: have much of an impact. Calvin, we got about a 137 00:07:14,640 --> 00:07:17,840 Speaker 1: minute left. Do you agree with Cudlow. No, I would 138 00:07:17,840 --> 00:07:20,080 Speaker 1: say there's some things that are going to have an impact. 139 00:07:20,120 --> 00:07:22,200 Speaker 1: You're clearly going to see in the travel business, the 140 00:07:22,840 --> 00:07:26,560 Speaker 1: hotel restaurants or conventions that may be canceled. Uh, some 141 00:07:26,600 --> 00:07:29,040 Speaker 1: of those are gonna be losses that just are not recouped. 142 00:07:29,160 --> 00:07:30,760 Speaker 1: But there are some other areas that are going to 143 00:07:30,840 --> 00:07:32,840 Speaker 1: do well. And we work with commercial real estate and 144 00:07:32,960 --> 00:07:35,680 Speaker 1: wreaths and the companies that have long term leases that 145 00:07:35,720 --> 00:07:38,000 Speaker 1: are really not gonna be suffering a lot because the 146 00:07:38,000 --> 00:07:39,640 Speaker 1: ten is still going to be there. So the effect 147 00:07:39,760 --> 00:07:42,880 Speaker 1: varies across the sectors. All right. So that's Calvin Snore, 148 00:07:42,920 --> 00:07:45,560 Speaker 1: who I just looked up. You went to Williams College. 149 00:07:45,560 --> 00:07:47,800 Speaker 1: You know, my brother in law went their beautiful campus, 150 00:07:47,880 --> 00:07:52,880 Speaker 1: beautiful campus. Well, thanks a lot. That's Calvin Snore joining 151 00:07:52,920 --> 00:07:54,400 Speaker 1: us for the first time, and you gotta come back 152 00:07:54,600 --> 00:07:56,280 Speaker 1: and you gotta talk to us about the housing market 153 00:07:56,320 --> 00:07:59,120 Speaker 1: because I read your note on nay rates website and 154 00:07:59,120 --> 00:08:00,520 Speaker 1: all the posts that you put in housing. I mean, 155 00:08:00,560 --> 00:08:02,240 Speaker 1: it's it's really good stuff. And I know we have 156 00:08:02,280 --> 00:08:04,480 Speaker 1: a lot to talk about with housing, especially when the 157 00:08:04,520 --> 00:08:07,440 Speaker 1: election year comes up and we're getting different policy forecasts 158 00:08:07,480 --> 00:08:09,239 Speaker 1: on the housing front. So Thank you to Calvin Snore. 159 00:08:09,480 --> 00:08:11,720 Speaker 1: He of course is the senior economist at Navy. Coming 160 00:08:11,800 --> 00:08:14,960 Speaker 1: up time to talk politics of the coronavirus. We mentioned it. 161 00:08:15,040 --> 00:08:18,040 Speaker 1: Mc mulvaney was talking today. He had some critical critical 162 00:08:18,080 --> 00:08:21,240 Speaker 1: assessment of Democrats and the Democrats are pushing back as 163 00:08:21,280 --> 00:08:24,760 Speaker 1: it relates on the coronavirus as well. Mark Ross is here, 164 00:08:24,840 --> 00:08:28,440 Speaker 1: Eli Yoakley and Kevin Walling. Download Bloomberg Sound On podcast 165 00:08:28,480 --> 00:08:31,520 Speaker 1: on Apple iTunes, at Bloomberg dot com, or by downloading 166 00:08:31,520 --> 00:08:34,360 Speaker 1: the Bloomberg Business app. You can also find us on 167 00:08:34,679 --> 00:08:38,600 Speaker 1: Radio dot com, I Heart Radio, and Spotify. I'm Kevin Surreally, 168 00:08:38,679 --> 00:08:41,600 Speaker 1: the chief Washington correspondent for Bloomberg TV and Radio. And 169 00:08:41,640 --> 00:08:44,600 Speaker 1: we made it to Friday. Can we just pause and say, 170 00:08:44,640 --> 00:08:47,640 Speaker 1: you know what, good job we did it? We got 171 00:08:47,679 --> 00:08:51,440 Speaker 1: through the week. It's good job. Sometimes we need to 172 00:08:51,440 --> 00:08:53,480 Speaker 1: pat each other on the back. You're listening to Bloomberg. 173 00:09:04,000 --> 00:09:08,560 Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg 174 00:09:09,679 --> 00:09:12,000 Speaker 1: and one oh five point seven f m HD two 175 00:09:12,600 --> 00:09:14,440 Speaker 1: their hopes of the day because they thought it would 176 00:09:14,440 --> 00:09:16,920 Speaker 1: bring down the president. The reason you're thinking so that 177 00:09:17,080 --> 00:09:19,800 Speaker 1: you're saying so much attention to it today is that 178 00:09:19,840 --> 00:09:21,280 Speaker 1: they think this is going to be what brings down 179 00:09:21,280 --> 00:09:24,160 Speaker 1: the president. That's what this is all about. Mick mulvaney. 180 00:09:24,679 --> 00:09:28,280 Speaker 1: Mick mulvaney talking at Cepack saying that he thinks all 181 00:09:28,320 --> 00:09:31,760 Speaker 1: the obsession over coronavirus from the media is because they 182 00:09:31,760 --> 00:09:34,000 Speaker 1: think it's going to take out the president. He also 183 00:09:34,040 --> 00:09:37,000 Speaker 1: had another quote, by the way, where he was talking 184 00:09:37,000 --> 00:09:40,480 Speaker 1: about reporters and the coronavirus and the mainstream media. I 185 00:09:40,520 --> 00:09:43,120 Speaker 1: gotta you gotta see this because I saw this and 186 00:09:43,160 --> 00:09:46,040 Speaker 1: I texted it to talk not I emailed it on 187 00:09:46,080 --> 00:09:51,440 Speaker 1: the Bloomberg to uh, Tom Keene and Jonathan Faroh. He said, quote, 188 00:09:51,480 --> 00:09:53,560 Speaker 1: I got a note today from a reporter saying, what 189 00:09:53,640 --> 00:09:56,280 Speaker 1: are you going to do today to calm the markets? Really, 190 00:09:56,320 --> 00:09:58,360 Speaker 1: what I'd like to do today to calm the markets 191 00:09:58,360 --> 00:10:00,679 Speaker 1: is tell people to turn their television off for twenty 192 00:10:00,720 --> 00:10:05,840 Speaker 1: four hours. I mean brutal from mulvaney. I'm Kevin's really 193 00:10:05,920 --> 00:10:09,160 Speaker 1: chief Washington corresponded from Bloomberg TV and Radio. Joining us 194 00:10:09,160 --> 00:10:11,160 Speaker 1: now are all Star panel for the rest of the hour. 195 00:10:11,240 --> 00:10:14,520 Speaker 1: Kevin Wahling, democratic strategist at h G Creative Media. keV, 196 00:10:14,559 --> 00:10:18,000 Speaker 1: do you ever turn off your television. Never wow, Kevin 197 00:10:18,080 --> 00:10:23,880 Speaker 1: with the loud just bursting on working TV advertising executive 198 00:10:23,920 --> 00:10:26,920 Speaker 1: producer is typing turn him down again. Yes, I knew 199 00:10:26,920 --> 00:10:28,520 Speaker 1: you were going to say that. He came in hot. 200 00:10:28,840 --> 00:10:32,320 Speaker 1: Eli Oakley, political reporter from Morning Consult, Eli, are you 201 00:10:32,360 --> 00:10:35,520 Speaker 1: watching the coronavirus? Probably pulling on it as we Yeah, 202 00:10:36,280 --> 00:10:38,640 Speaker 1: I just you do. Morn Consul has a ton going on. 203 00:10:38,920 --> 00:10:43,560 Speaker 1: And then Mark ros CEO of Cherical Global, our China expert, Well, 204 00:10:44,080 --> 00:10:47,360 Speaker 1: so much for all the gains from phase one. Yeah, 205 00:10:48,000 --> 00:10:52,320 Speaker 1: it's Friday. I'm feeling a little punchy. Okay, so let's 206 00:10:52,440 --> 00:10:55,319 Speaker 1: let's let's be real here though. Let's start with the politics. Okay, 207 00:10:55,360 --> 00:10:57,280 Speaker 1: Earlier we talked about the markets. Eli, what are you 208 00:10:57,320 --> 00:11:01,960 Speaker 1: gathering from this political food fight now over the coronavirus? Yeah. Well, 209 00:11:02,000 --> 00:11:03,640 Speaker 1: since the beginning of the year, we've seen a big 210 00:11:03,720 --> 00:11:06,960 Speaker 1: drop in confidence in Donald Trump's handling this whole thing. 211 00:11:07,480 --> 00:11:09,880 Speaker 1: Um at eleven point dropping in confidence in his handling 212 00:11:09,880 --> 00:11:13,360 Speaker 1: of it. This voters are not seeing him as succeeding 213 00:11:13,400 --> 00:11:17,320 Speaker 1: on this. Um Today's Morning Console. Are Republicans seeing him 214 00:11:17,360 --> 00:11:20,559 Speaker 1: as succeeding on it? Yeah? Sure? Is it a polar 215 00:11:20,720 --> 00:11:23,200 Speaker 1: I guess a better question. Is it a polarized issue 216 00:11:23,440 --> 00:11:26,520 Speaker 1: or or kind of I mean, the majority of Americans 217 00:11:26,520 --> 00:11:28,880 Speaker 1: think he's doing okay, but it's dropped since the beginning 218 00:11:28,920 --> 00:11:31,640 Speaker 1: of the year. I probably expected to move again. Um. 219 00:11:31,679 --> 00:11:34,160 Speaker 1: Another thing we just launched morning Consoles today is a 220 00:11:34,240 --> 00:11:37,760 Speaker 1: tracker of consumer confidence throughout this and we've seen noticeable 221 00:11:37,800 --> 00:11:39,760 Speaker 1: drops in the last few days on this issue, as 222 00:11:39,880 --> 00:11:42,200 Speaker 1: as voters have seen what's happened in the markets. What 223 00:11:42,280 --> 00:11:44,079 Speaker 1: are they are? They're they're freaked out. I think people 224 00:11:44,080 --> 00:11:46,599 Speaker 1: have freaked out. I've used Purell like six times in 225 00:11:46,640 --> 00:11:48,640 Speaker 1: the past twenty four hours. And I'm not saying it 226 00:11:48,720 --> 00:11:50,320 Speaker 1: to be funny, but I don't know. I mean, how 227 00:11:50,360 --> 00:11:52,440 Speaker 1: do you stop Someone at the gym is telling me, 228 00:11:52,520 --> 00:11:54,240 Speaker 1: you know, they're not gonna give high fives anymore. And 229 00:11:54,280 --> 00:11:56,800 Speaker 1: I get it. My church back in Delco, you can't 230 00:11:56,800 --> 00:12:00,680 Speaker 1: even get the wine because there's opted in that because 231 00:12:00,679 --> 00:12:02,960 Speaker 1: the coronavirus was in the bullet and the E bullet. So, 232 00:12:03,040 --> 00:12:06,200 Speaker 1: I mean, people are really talking about this. You've got 233 00:12:06,280 --> 00:12:09,840 Speaker 1: Mick pail Vaney at spac Mark. He's saying that schools 234 00:12:09,920 --> 00:12:12,000 Speaker 1: might shut down and listen, kids, if you're in the car, 235 00:12:12,080 --> 00:12:13,839 Speaker 1: I'm not saying you don't have school next week. I'm 236 00:12:13,880 --> 00:12:16,280 Speaker 1: just saying what the experts are saying. As this thing 237 00:12:16,360 --> 00:12:20,520 Speaker 1: spreads mark. When you're looking at it from a political standpoint, 238 00:12:20,559 --> 00:12:22,880 Speaker 1: I think you've got your eye on next week's bottom line, 239 00:12:22,880 --> 00:12:25,040 Speaker 1: which is the billion dollars worth of package that's going 240 00:12:25,080 --> 00:12:28,240 Speaker 1: to get through sometime next week according to the Hill. Yeah, 241 00:12:28,280 --> 00:12:31,400 Speaker 1: I think this really isn't in Team Trump's wheelhouse dealing 242 00:12:31,400 --> 00:12:34,640 Speaker 1: with this kind of uh situation. I mean, there, you know, 243 00:12:34,640 --> 00:12:37,600 Speaker 1: it's a political machine. It's a day trading kind of operation. 244 00:12:38,080 --> 00:12:41,240 Speaker 1: But the inputs that were receiving beyond the White House. 245 00:12:41,240 --> 00:12:45,359 Speaker 1: If you look at Amazon canceling all travel, not even internationally, 246 00:12:45,360 --> 00:12:49,320 Speaker 1: but domestically for their staff. Uh, multinationals not allowing folks 247 00:12:49,320 --> 00:12:52,160 Speaker 1: to travel, suggesting you should work from home. The country 248 00:12:52,160 --> 00:12:55,319 Speaker 1: of Japan shutting down their entire school system throughout the 249 00:12:55,400 --> 00:12:59,040 Speaker 1: nation for thirty days. I mean, the input is unbelievable. 250 00:12:59,480 --> 00:13:01,760 Speaker 1: The money is kind of interesting. You know, we are 251 00:13:01,800 --> 00:13:03,800 Speaker 1: looking at like six eight billion dollars, which is a 252 00:13:03,800 --> 00:13:06,760 Speaker 1: big number, wasn't It's not a trillion dollars. It's not 253 00:13:06,800 --> 00:13:08,520 Speaker 1: the bailout numbers we saw in two thousand and eight, 254 00:13:08,520 --> 00:13:10,400 Speaker 1: but these are big numbers, and there's a lot of 255 00:13:10,440 --> 00:13:13,640 Speaker 1: inputs around the world that suggests something interesting is happening. 256 00:13:14,000 --> 00:13:15,800 Speaker 1: I mean, the interesting thing to Mark's point two is 257 00:13:15,840 --> 00:13:18,280 Speaker 1: you know that the administration's original request was just for 258 00:13:18,320 --> 00:13:21,280 Speaker 1: two billion, which was, you know, kind of viewed as 259 00:13:21,280 --> 00:13:23,960 Speaker 1: a laughable sum. Kevin McCarthy even wanted to double that 260 00:13:24,040 --> 00:13:26,920 Speaker 1: to four. I think it will end up somewhere between 261 00:13:27,000 --> 00:13:29,960 Speaker 1: four and six. Um. I hope that there is some 262 00:13:30,080 --> 00:13:33,200 Speaker 1: bipartisanship happening up on the Hill when they're back next 263 00:13:33,280 --> 00:13:36,079 Speaker 1: week to tackle this, because it's something that should be 264 00:13:36,080 --> 00:13:39,439 Speaker 1: beyond party politics. Of course, both sides are using this, uh, 265 00:13:39,480 --> 00:13:42,760 Speaker 1: you know, as ammunition as it's injected into the primary 266 00:13:42,880 --> 00:13:45,080 Speaker 1: fight that's going on on the Democratic side. But hopefully 267 00:13:45,120 --> 00:13:47,880 Speaker 1: we'll get that package past next next can I can 268 00:13:47,920 --> 00:13:50,520 Speaker 1: I put it in context? We're talking four to six billion. 269 00:13:50,679 --> 00:13:52,560 Speaker 1: How much money do you think went to Hurricane Sandy? 270 00:13:52,600 --> 00:13:59,040 Speaker 1: About billion? So this is pennies compared to a hurricane. 271 00:13:59,160 --> 00:14:01,400 Speaker 1: And I think that was what I really learned from 272 00:14:01,400 --> 00:14:04,160 Speaker 1: my interview earlier in the program with Calvin Snore is 273 00:14:04,160 --> 00:14:08,120 Speaker 1: that I think his assessment is interesting to to price 274 00:14:08,240 --> 00:14:12,160 Speaker 1: this as a natural disaster. In the sense obviously this 275 00:14:12,240 --> 00:14:13,720 Speaker 1: could be really bad, and no one wants it to 276 00:14:13,760 --> 00:14:17,160 Speaker 1: be bad and the cost of lives, Um, no one 277 00:14:17,240 --> 00:14:20,080 Speaker 1: wants that. I'm not saying that at all. But when 278 00:14:20,080 --> 00:14:24,320 Speaker 1: you compare it to how budgetary lawmakers are looking at this, 279 00:14:24,920 --> 00:14:27,320 Speaker 1: it's not It's like a fourth of a hurricane, of 280 00:14:27,360 --> 00:14:29,600 Speaker 1: a major hurricane. Just to put it in perspective for people, 281 00:14:29,680 --> 00:14:31,760 Speaker 1: go ahead yet one and when people on Capitol Hill 282 00:14:31,760 --> 00:14:34,520 Speaker 1: were worried about pulling money from other disease fighting like 283 00:14:34,520 --> 00:14:36,720 Speaker 1: a bowla that was Nelson Trump's initial plan was to 284 00:14:36,760 --> 00:14:39,120 Speaker 1: pull money from a bowl of fighting. Um, you've got 285 00:14:39,200 --> 00:14:42,600 Speaker 1: Richard Shelby from Alabama. Talk Topper Holican on the Senator 286 00:14:42,640 --> 00:14:45,080 Speaker 1: Preparations Committee, who's really worried about this playing out in 287 00:14:45,120 --> 00:14:47,560 Speaker 1: his home state of Alabama. He pushed for more You've 288 00:14:47,560 --> 00:14:49,960 Speaker 1: seen Democrats on Capitol Hill pushing for more money. I 289 00:14:50,000 --> 00:14:52,080 Speaker 1: would imagine this pass is pretty easily next week, and 290 00:14:52,120 --> 00:14:54,040 Speaker 1: Donald Trump's okay with it. He's okay with more money. Well, 291 00:14:54,120 --> 00:14:55,760 Speaker 1: let's take a listen. Let's head up to Capital Hill. 292 00:14:55,760 --> 00:14:58,520 Speaker 1: Because Secretary of State Mike Prompeo was on Capitol Hill. 293 00:14:58,560 --> 00:15:00,680 Speaker 1: Take a listen to what he had to say, uh 294 00:15:00,720 --> 00:15:03,520 Speaker 1: to Ted Lu this exchange with Ted Lu, who is 295 00:15:03,520 --> 00:15:06,400 Speaker 1: a Democrat from California. Here it is. It's not even 296 00:15:06,480 --> 00:15:12,120 Speaker 1: gotcha question, it's got your moment. It's not useful virus 297 00:15:12,160 --> 00:15:14,320 Speaker 1: of hoax? Can you just answer that question? We're taking 298 00:15:14,320 --> 00:15:17,400 Speaker 1: it seriously. I mean Ted Lu asked the guy if 299 00:15:17,400 --> 00:15:20,400 Speaker 1: it was if it was a hoax? Mark, This is 300 00:15:20,400 --> 00:15:22,240 Speaker 1: a food fight. It is a food fight. Good for 301 00:15:22,240 --> 00:15:24,760 Speaker 1: pub Peo. Strategically, though, I think the White House has 302 00:15:24,760 --> 00:15:27,560 Speaker 1: actually done a good thing by naming Vice President Trump 303 00:15:27,720 --> 00:15:30,440 Speaker 1: or Vice President Pence as the go to person for 304 00:15:30,520 --> 00:15:34,200 Speaker 1: this situation. It's very unlikely he's ever gonna have to testify. 305 00:15:34,280 --> 00:15:36,680 Speaker 1: I can't see him being drawn up test five. So 306 00:15:36,760 --> 00:15:40,400 Speaker 1: like the second and third tier cabinet members, guys like Pompeo, hhs, 307 00:15:40,480 --> 00:15:41,880 Speaker 1: they're gonna have to go to the hill. Very kind 308 00:15:41,880 --> 00:15:44,600 Speaker 1: of interesting strategy moved by the White House. Also politically, 309 00:15:45,880 --> 00:15:47,560 Speaker 1: does this give an opportunity for Pence to show some 310 00:15:47,640 --> 00:15:50,400 Speaker 1: leadership or it could be bad? Well, of course it 311 00:15:50,480 --> 00:15:53,080 Speaker 1: always could be bad, but it could also be good. Yeah, 312 00:15:53,360 --> 00:15:56,640 Speaker 1: never miss a crisis a man, Uh, former chief, I know, 313 00:15:57,720 --> 00:16:00,480 Speaker 1: I mean I covered everyone ahead. Yeah, I'm gonna talk 314 00:16:00,520 --> 00:16:03,400 Speaker 1: I'm gonna stop talking, Kevin. I mean, not that Kevin 315 00:16:03,600 --> 00:16:06,680 Speaker 1: tim Park's point. I mean, this is also the president's 316 00:16:06,800 --> 00:16:09,480 Speaker 1: m O. Sometimes when you know, something like this comes 317 00:16:09,520 --> 00:16:11,640 Speaker 1: up to pass it off past the bucks, so you know, 318 00:16:11,720 --> 00:16:14,640 Speaker 1: he can throw others under the bus if it goes wrong, 319 00:16:15,200 --> 00:16:17,720 Speaker 1: which I hope it doesn't. I think the administration's tack 320 00:16:17,800 --> 00:16:20,160 Speaker 1: and you saw it with mcmulvaney and others almost saying 321 00:16:20,160 --> 00:16:22,880 Speaker 1: that the Democrats wish this is a full on pandemic. 322 00:16:22,920 --> 00:16:25,680 Speaker 1: I think is just the wrong tack to be. I mean, 323 00:16:26,480 --> 00:16:29,080 Speaker 1: it's a food. I said this to Pharaoh earlier. I mean, 324 00:16:29,120 --> 00:16:32,280 Speaker 1: they've got a divorce. You've got to divorce the left 325 00:16:32,320 --> 00:16:35,280 Speaker 1: and right stuff back and forth. I mean, if you're 326 00:16:35,280 --> 00:16:37,400 Speaker 1: a Republican, you'll agree with Trump. If you're not, you'll, 327 00:16:37,520 --> 00:16:40,480 Speaker 1: you know, you'll disagree with them. Versus the four to 328 00:16:40,600 --> 00:16:42,400 Speaker 1: six billion that we're gonna get at the other next week. 329 00:16:42,480 --> 00:16:45,880 Speaker 1: They agree on that, you know. I mean, so sometimes 330 00:16:45,960 --> 00:16:48,480 Speaker 1: they had to get behind the the and the closed 331 00:16:48,480 --> 00:16:51,400 Speaker 1: door meetings to agree on that number. Coming up. Fall 332 00:16:51,400 --> 00:16:53,640 Speaker 1: out panel stays and Kevin, SI, really, you're listening to Bloomberg. 333 00:17:02,120 --> 00:17:05,600 Speaker 1: You're listening to Bloomberg. Sound on with Kevin Curreley on 334 00:17:05,680 --> 00:17:09,159 Speaker 1: Bloomberg and one oh five point seven f M h 335 00:17:09,320 --> 00:17:14,640 Speaker 1: D two. I'm Kevin Cirelli, Chief Washington correspondent from Bloomberg 336 00:17:14,680 --> 00:17:17,520 Speaker 1: Television of Bloomberg Radio. Kevin Wallings here, Eli Yoakley and 337 00:17:17,600 --> 00:17:23,000 Speaker 1: Mark Ross breaking news on the Bloomberg terminal. President Trump 338 00:17:23,040 --> 00:17:27,639 Speaker 1: nominates Ratcliffe to be the National Intelligence Director. And a 339 00:17:27,800 --> 00:17:31,720 Speaker 1: story that is loading as we speak on the Bloomberg 340 00:17:31,840 --> 00:17:36,520 Speaker 1: terminal from the Hill Newspaper our friends over at the Hill, 341 00:17:36,600 --> 00:17:41,119 Speaker 1: Olivia Beaver's reporting. President Trump has tap Representative John Ratcliffe 342 00:17:41,160 --> 00:17:45,320 Speaker 1: to services next Director of National Intelligence, reviving an appointment 343 00:17:45,359 --> 00:17:49,280 Speaker 1: of the Texas Republican that previously derailed last year. The 344 00:17:49,320 --> 00:17:53,399 Speaker 1: President tweeted out, just within the last ten minutes, I 345 00:17:53,400 --> 00:17:56,320 Speaker 1: am pleased to announce the nomination of Representative Radcliffe, Congressman 346 00:17:56,400 --> 00:17:59,440 Speaker 1: John Radcliffe to be the Director of National Intelligence. Would 347 00:17:59,440 --> 00:18:02,320 Speaker 1: have complete the process earlier, but John wanted to wait 348 00:18:02,400 --> 00:18:05,680 Speaker 1: until after the I G Report was finished. John is 349 00:18:05,720 --> 00:18:10,280 Speaker 1: an outstanding man of great talent. Remember, folks that he 350 00:18:10,320 --> 00:18:14,360 Speaker 1: had originally a point made disappointment last July, but then 351 00:18:14,640 --> 00:18:19,240 Speaker 1: Rackcliffe withdrew from consideration. Just a couple of weeks because 352 00:18:20,160 --> 00:18:25,880 Speaker 1: uh of concerns, he patted his resume. So Eli Yoakley, 353 00:18:26,000 --> 00:18:29,320 Speaker 1: can Rackcliffe get through this time? Maybe the second times 354 00:18:29,320 --> 00:18:32,520 Speaker 1: of charm? We'll see. This is something that Center Republicans 355 00:18:32,520 --> 00:18:35,520 Speaker 1: really resisted last time. It was over posted on his 356 00:18:35,600 --> 00:18:39,879 Speaker 1: website about lying about arresting illegal immigrants. He said that 357 00:18:39,920 --> 00:18:42,800 Speaker 1: and didn't turn out to be true. Um, his qualifications 358 00:18:42,840 --> 00:18:45,680 Speaker 1: were not up to par whenever this came up in 359 00:18:45,720 --> 00:18:47,760 Speaker 1: the summer um and it will be a question of 360 00:18:47,760 --> 00:18:49,879 Speaker 1: whether or not Republicans are willing to move on from that. 361 00:18:49,920 --> 00:18:51,840 Speaker 1: This job has been open for quite a while since 362 00:18:51,920 --> 00:18:55,000 Speaker 1: Dan Coates left. But look, I mean John Rockcliffe made himself, 363 00:18:55,119 --> 00:18:57,359 Speaker 1: made Trump a big fan of him during those Mueller hearings, 364 00:18:57,359 --> 00:18:59,960 Speaker 1: and he was a pretty fierce force against the special 365 00:19:00,359 --> 00:19:03,160 Speaker 1: counsel during those and sort of got the President's attention. 366 00:19:03,240 --> 00:19:05,480 Speaker 1: So let's see what happens. Yeah, And I think Eli 367 00:19:05,560 --> 00:19:08,320 Speaker 1: makes an important point here to thinking of his The 368 00:19:08,400 --> 00:19:11,040 Speaker 1: media predecessor was Dan Coates, who is well liked. He 369 00:19:11,119 --> 00:19:14,000 Speaker 1: was a United States Senator, and I think the objections 370 00:19:14,040 --> 00:19:17,399 Speaker 1: from the Republican Senate were from the traditionalists that viewed 371 00:19:17,440 --> 00:19:19,480 Speaker 1: this position that was created in the wake of nine 372 00:19:19,480 --> 00:19:23,600 Speaker 1: eleven because our various intelligence agencies weren't communicating. That was 373 00:19:23,640 --> 00:19:26,119 Speaker 1: one of the findings of the nine eleven Commission report, 374 00:19:26,400 --> 00:19:29,160 Speaker 1: that this position should be above politics, and a guy 375 00:19:29,200 --> 00:19:32,040 Speaker 1: like John Ratcliffe, who has been one of the President's 376 00:19:32,119 --> 00:19:35,400 Speaker 1: chief defenders on Capitol Hill, UH, is viewed as as 377 00:19:35,400 --> 00:19:38,359 Speaker 1: that partisan kind of attack dog, especially in the in 378 00:19:38,560 --> 00:19:41,360 Speaker 1: the Judiciary Committee, as opposed to someone who can rise 379 00:19:41,359 --> 00:19:43,439 Speaker 1: above like a Dan Coates, who is more of a 380 00:19:43,480 --> 00:19:46,480 Speaker 1: traditionalist in the mold of you know, previous d And 381 00:19:46,560 --> 00:19:49,359 Speaker 1: I's so again, it was the Republicans that torpedo this 382 00:19:49,400 --> 00:19:52,400 Speaker 1: guy the last time. I doubt he has the political 383 00:19:52,440 --> 00:19:55,240 Speaker 1: capital to get to get through that that Uh, the 384 00:19:55,320 --> 00:19:58,320 Speaker 1: confirmation process. I mean, I just once again, this is 385 00:19:58,359 --> 00:20:01,440 Speaker 1: a great showing of Trump getting the best people for 386 00:20:01,560 --> 00:20:06,639 Speaker 1: these jobs. A joke. I don't really have much that 387 00:20:06,680 --> 00:20:08,679 Speaker 1: I mean, I think with Kevin said, I mean, this 388 00:20:08,720 --> 00:20:11,360 Speaker 1: is a serious position. You know, there's a lot we're 389 00:20:11,359 --> 00:20:13,640 Speaker 1: obviously watching the coronavirus, but in the last twenty four 390 00:20:13,640 --> 00:20:17,040 Speaker 1: hours on the Syrian border, the skirmishes between the Russians 391 00:20:17,080 --> 00:20:20,199 Speaker 1: and the Turks. Uh, there's some weird laser that the 392 00:20:20,280 --> 00:20:22,400 Speaker 1: Chinese pointed at one of our destroyers in the South 393 00:20:22,520 --> 00:20:25,080 Speaker 1: China Sea. I mean, uh, you know, there's there's real 394 00:20:25,119 --> 00:20:27,919 Speaker 1: stuff happening, and you would think you would get a nonpartisan, 395 00:20:28,400 --> 00:20:31,960 Speaker 1: serious person who can work all sides of the angles. Well, 396 00:20:32,000 --> 00:20:35,800 Speaker 1: I mean it is this Kennic at floor time, Eli, 397 00:20:35,880 --> 00:20:37,320 Speaker 1: I mean you and I know, I mean just from 398 00:20:37,480 --> 00:20:39,919 Speaker 1: reporting on in the Capital, I don't see how this 399 00:20:39,960 --> 00:20:43,840 Speaker 1: gets floor time, I think, you know, I mean, I 400 00:20:43,840 --> 00:20:47,440 Speaker 1: think Mitch McConnell has made been a very good friend 401 00:20:47,480 --> 00:20:50,320 Speaker 1: of Donald Trump's nominees throughout a lot of this process. 402 00:20:50,320 --> 00:20:52,600 Speaker 1: A lot of Republicans senders have stood by and let 403 00:20:52,640 --> 00:20:56,360 Speaker 1: a lot of people through they may otherwise have not. Um, 404 00:20:56,400 --> 00:20:58,960 Speaker 1: this is an interesting position just because of how big 405 00:20:58,960 --> 00:21:00,640 Speaker 1: of a deal it is, and this post Find eleven 406 00:21:00,720 --> 00:21:02,960 Speaker 1: aspect of it is really important. Yeah, And I think 407 00:21:03,240 --> 00:21:06,560 Speaker 1: you know, obviously, Leader McConnell, you know, has been incredible, 408 00:21:07,160 --> 00:21:10,040 Speaker 1: you know, getting through these nominees, especially you know when 409 00:21:10,040 --> 00:21:14,119 Speaker 1: it comes to federal judge ships. Um. But this process 410 00:21:14,240 --> 00:21:16,199 Speaker 1: is more in the hands of Richard Burr, who's the 411 00:21:16,240 --> 00:21:19,160 Speaker 1: chairman of the Intelligence Committee, and to a strong degree, 412 00:21:19,440 --> 00:21:21,359 Speaker 1: the Intelligence Committee in the Senate has been one of 413 00:21:21,400 --> 00:21:25,040 Speaker 1: the last kind of bastions of bipartisanship. Both Richard Burr 414 00:21:25,119 --> 00:21:28,280 Speaker 1: and Mark Warner, Democrat from Virginia as the vice chair, 415 00:21:28,920 --> 00:21:31,679 Speaker 1: view this committee very seriously as it should be as 416 00:21:31,720 --> 00:21:33,640 Speaker 1: opposed to what we've seen on the House side under 417 00:21:33,680 --> 00:21:36,680 Speaker 1: Devon Unions and and Adam Shift that has become totally 418 00:21:37,320 --> 00:21:41,399 Speaker 1: polarized and politicized. So, you know, I think Richard Burr 419 00:21:41,440 --> 00:21:43,800 Speaker 1: has an outside role obviously and is more of a 420 00:21:43,800 --> 00:21:46,200 Speaker 1: traditionalist when it comes to an appointment like this as well. 421 00:21:46,280 --> 00:21:47,800 Speaker 1: I think you're right about Richard Burr. I mean, Mark 422 00:21:47,800 --> 00:21:51,080 Speaker 1: Warner was asked about the idea of Recliffe being appointed 423 00:21:51,119 --> 00:21:54,680 Speaker 1: this week and he said nothing's really changed since August 424 00:21:54,680 --> 00:21:57,399 Speaker 1: and that he thinks bipartisan opposition still and and of 425 00:21:57,440 --> 00:22:00,480 Speaker 1: course he goes back to senators really don't like the House, 426 00:22:00,520 --> 00:22:03,359 Speaker 1: and the House really doesn't don't like senators. So oftentimes 427 00:22:03,680 --> 00:22:06,520 Speaker 1: members of the House go it's and it's not even 428 00:22:06,520 --> 00:22:09,080 Speaker 1: on partisan lines. They are they are very distrustful of 429 00:22:09,119 --> 00:22:11,040 Speaker 1: the other body. So it's always more difficult I think 430 00:22:11,080 --> 00:22:14,080 Speaker 1: when members House members get appointed to Senate confirmed position. 431 00:22:14,080 --> 00:22:16,440 Speaker 1: All right, so happy Friday. Here's the news. President Trump 432 00:22:16,480 --> 00:22:19,639 Speaker 1: nominates Ratcliff to be the National Intelligence Director recovered it. 433 00:22:20,000 --> 00:22:25,840 Speaker 1: Let's move back to politics. Uh, big day for Joe Biden. Well, 434 00:22:26,000 --> 00:22:30,040 Speaker 1: tomorrow is gonna be even bigger. Yeah, I mean Friday eve, 435 00:22:30,240 --> 00:22:33,720 Speaker 1: South Carolina tomorrow. Yeah, I mean all pollings suggests there's 436 00:22:33,720 --> 00:22:35,480 Speaker 1: a Monmouth pole, There's a P P P pole, there's 437 00:22:35,480 --> 00:22:39,359 Speaker 1: a Clemson pole. All show you know, the former vice 438 00:22:39,400 --> 00:22:42,920 Speaker 1: president leading by double digits upwards of eighteen twenty points. 439 00:22:43,680 --> 00:22:45,680 Speaker 1: I think you know, at the outset we talked about 440 00:22:45,720 --> 00:22:48,080 Speaker 1: how important that you know Jim Cleburne's endorsement was the 441 00:22:48,119 --> 00:22:51,639 Speaker 1: majority whip um. Interestingly enough, he is not just you know, 442 00:22:51,720 --> 00:22:55,119 Speaker 1: the godfather of politics in South Carolina. He's also a 443 00:22:55,160 --> 00:22:58,240 Speaker 1: member of Speaker Pelosi's a leadership team and the only 444 00:22:58,320 --> 00:23:00,440 Speaker 1: member of that leadership team to make it an Dorseman 445 00:23:00,680 --> 00:23:02,919 Speaker 1: in this race. Of course, as you mentioned, keV, we 446 00:23:02,960 --> 00:23:06,760 Speaker 1: also sell Tim Kane, former vice president candidate from center 447 00:23:06,800 --> 00:23:10,440 Speaker 1: from Virginia. Virginia is a key um part of Super Tuesday. 448 00:23:10,800 --> 00:23:15,240 Speaker 1: Uh just next Tuesday, of course, with California and Texas 449 00:23:15,359 --> 00:23:18,000 Speaker 1: is the kind of the two other big states voting 450 00:23:18,040 --> 00:23:20,439 Speaker 1: on Tuesday. So to Anyland's guests, that margin. I but 451 00:23:20,680 --> 00:23:22,480 Speaker 1: I do think the Vice president former vice president is 452 00:23:22,480 --> 00:23:26,240 Speaker 1: gonna have a really good night tomorrow. UM, I take 453 00:23:26,240 --> 00:23:28,159 Speaker 1: your points on the South Carolina polls. We've seen some 454 00:23:28,200 --> 00:23:30,200 Speaker 1: increases in our national pulling on the race for Joe 455 00:23:30,200 --> 00:23:34,560 Speaker 1: Biden since his pretty strong debate performance this week. UM, 456 00:23:34,600 --> 00:23:36,960 Speaker 1: Bernie Sanders is still hitting him with Black voters nationally, 457 00:23:37,119 --> 00:23:41,560 Speaker 1: but Joe Biden is doing Bernie Sanders is leading amongst 458 00:23:41,560 --> 00:23:44,920 Speaker 1: African American voters nationally right now. Because we're gonna get 459 00:23:44,960 --> 00:23:47,160 Speaker 1: a lot of headlines coming out of the Palmetto State 460 00:23:47,440 --> 00:23:50,399 Speaker 1: that's say, you know, the African word, likely are that 461 00:23:50,440 --> 00:23:53,439 Speaker 1: the African American vote fueled Joe Biden his victory and 462 00:23:53,440 --> 00:23:56,560 Speaker 1: that and that's true. So what I'll be watching for 463 00:23:56,560 --> 00:23:59,560 Speaker 1: for what it's worth post Super Tuesday is do African 464 00:23:59,560 --> 00:24:03,800 Speaker 1: American go to Biden or to Sanders as a whole 465 00:24:04,000 --> 00:24:06,880 Speaker 1: or and and was South Carolina just an anomaly? But 466 00:24:06,960 --> 00:24:09,960 Speaker 1: again we're getting ahead of ourselves, I mean nationwide right now, 467 00:24:10,080 --> 00:24:14,920 Speaker 1: since Joe Biden's losses in these early states, UH, Bernie 468 00:24:14,960 --> 00:24:16,920 Speaker 1: Sanders has taken a lead with black voters. We'll see 469 00:24:16,920 --> 00:24:18,520 Speaker 1: if that holds. I know that as a national pull 470 00:24:18,560 --> 00:24:20,960 Speaker 1: and states are a little different. UM, where Bernie Sanders 471 00:24:21,040 --> 00:24:22,920 Speaker 1: does have it with the big advantages with young black 472 00:24:22,960 --> 00:24:25,160 Speaker 1: Footers who are more open to these ideas of socialism 473 00:24:25,160 --> 00:24:27,080 Speaker 1: that he talks about. Older black pooters want to keep 474 00:24:27,080 --> 00:24:29,000 Speaker 1: the status quote. We just released a big report on 475 00:24:29,040 --> 00:24:32,639 Speaker 1: that this today. Um, this is a big This is 476 00:24:32,680 --> 00:24:34,720 Speaker 1: Joe Biden's firewall state. We have more states like this 477 00:24:34,840 --> 00:24:37,479 Speaker 1: coming up, um Super Tuesday. Mainly things more muddled than 478 00:24:37,520 --> 00:24:39,680 Speaker 1: they are even now. I don't know. This could be 479 00:24:39,720 --> 00:24:41,639 Speaker 1: peak Joe Biden in the sense he's gonna have a 480 00:24:41,680 --> 00:24:45,119 Speaker 1: good night Saturday. Does it put pleasure pressure on Klobuchar 481 00:24:45,320 --> 00:24:47,480 Speaker 1: and Buddha Judge to get out of the race. What's 482 00:24:47,520 --> 00:24:49,800 Speaker 1: interesting to me is where Bernie Sanders is tonight. He's 483 00:24:49,800 --> 00:24:52,760 Speaker 1: on his way to Massachusetts, really trying to end the 484 00:24:53,359 --> 00:24:56,960 Speaker 1: Elizabeth Warren campaign, which is very interesting. Uh. And all 485 00:24:56,960 --> 00:24:59,280 Speaker 1: signs also indicate that Bernie's gonna do really well in 486 00:24:59,359 --> 00:25:02,280 Speaker 1: Texas in California, So this could be a short lived victory. 487 00:25:02,320 --> 00:25:05,440 Speaker 1: How do you riddle that that he's trying to end 488 00:25:05,480 --> 00:25:08,960 Speaker 1: Elizabeth Howrence, If you can't win your home state, I mean, 489 00:25:08,960 --> 00:25:11,679 Speaker 1: it's absolutely game over. So I mean even Kloba has 490 00:25:11,720 --> 00:25:13,640 Speaker 1: to really mean, you know, only castions that she should 491 00:25:13,680 --> 00:25:15,800 Speaker 1: win Minnesota. But she's got a thing to herself. If 492 00:25:15,800 --> 00:25:18,920 Speaker 1: you lose your home state, you think about four even 493 00:25:18,920 --> 00:25:22,320 Speaker 1: your own standing within the party. Vice president cabinet. Um, 494 00:25:22,359 --> 00:25:24,560 Speaker 1: that's a real black guy. I mean that. In the 495 00:25:24,640 --> 00:25:27,080 Speaker 1: latest the latest poll shows Bernie leading her by I 496 00:25:27,080 --> 00:25:30,160 Speaker 1: think seven points in the Commonwealth. So that I think 497 00:25:30,160 --> 00:25:31,920 Speaker 1: to Mark's point, it's a very good one that she's 498 00:25:31,960 --> 00:25:35,160 Speaker 1: got to take a serious look at her future within 499 00:25:35,200 --> 00:25:36,919 Speaker 1: the party if she can't deliver her So we're at 500 00:25:36,960 --> 00:25:39,960 Speaker 1: that point in the race where Bernie Sanders is looking 501 00:25:40,000 --> 00:25:42,359 Speaker 1: at competition and saying, all right, it might because on 502 00:25:42,359 --> 00:25:43,680 Speaker 1: the one hand, it might be good to keep barring 503 00:25:43,720 --> 00:25:46,119 Speaker 1: around and she's gonna keep attacking Bloomberg. And then on 504 00:25:46,160 --> 00:25:50,439 Speaker 1: the other hand, you know, at this point where voters going, 505 00:25:50,480 --> 00:25:53,240 Speaker 1: I guess he's making the assumption, uh, that would be 506 00:25:53,200 --> 00:25:55,440 Speaker 1: better to have to have her out. Michael Bloomberg, who 507 00:25:55,480 --> 00:25:57,640 Speaker 1: seeing the Democratic presidential nomination, of course, is the founder 508 00:25:57,680 --> 00:26:00,480 Speaker 1: of majority owner Bloomberg LP, the parent company of Bloomber Radio. 509 00:26:01,480 --> 00:26:03,119 Speaker 1: And I was gonna say, this is all about clearing 510 00:26:03,119 --> 00:26:06,520 Speaker 1: out the field. You know, Sanders has gotta say, you know, 511 00:26:06,680 --> 00:26:09,040 Speaker 1: Elizabeth Warren it's time for you to go. There's no 512 00:26:09,080 --> 00:26:11,520 Speaker 1: doubt the mayor, Pe and Amy Klobatar have to go 513 00:26:11,600 --> 00:26:14,480 Speaker 1: for Baden have any kind of success going forward. Um 514 00:26:14,600 --> 00:26:24,120 Speaker 1: and potentially in South Carolina. He signaled he's gonna see 515 00:26:24,119 --> 00:26:26,280 Speaker 1: how he does in South Carolina. Yeah, of course that's 516 00:26:26,280 --> 00:26:28,400 Speaker 1: his firewall too. I mean he's invested more than any 517 00:26:28,400 --> 00:26:32,280 Speaker 1: other candidates, specifically in South Carolina. Of course, Mike Bloomberg 518 00:26:32,280 --> 00:26:36,560 Speaker 1: two is running hard in California, is not a big 519 00:26:36,560 --> 00:26:39,080 Speaker 1: factor and we haven't really seen him impact coming up. 520 00:26:39,080 --> 00:26:42,200 Speaker 1: What's on the panel's quick take on their radar. I'm 521 00:26:42,280 --> 00:26:53,800 Speaker 1: Kevin CURRELLI you're listening to Bloomberg one. You're listening to 522 00:26:53,920 --> 00:26:58,280 Speaker 1: Bloomberg Sound On with Kevin Surrel on Bloomberg one and 523 00:26:58,359 --> 00:27:01,920 Speaker 1: one Old five point seven FM A two. I'm Kevin Curreally, 524 00:27:02,080 --> 00:27:06,919 Speaker 1: Chief Washington correspondent for Bloomberg TV and Radio. Kevin Wallings here, 525 00:27:06,960 --> 00:27:09,280 Speaker 1: Eli Kle and Mark Ross. Eli was talking smack on 526 00:27:09,359 --> 00:27:11,240 Speaker 1: me in the break because I just told everyone that 527 00:27:11,280 --> 00:27:14,480 Speaker 1: I got two more of the Amazon little Mini Alexa 528 00:27:14,560 --> 00:27:18,399 Speaker 1: things because I listened to music on it. And Eli said, 529 00:27:18,600 --> 00:27:20,680 Speaker 1: why do you have so many? And I said, because 530 00:27:20,680 --> 00:27:24,160 Speaker 1: it's the future. One is enough, No one is never enough. 531 00:27:24,600 --> 00:27:26,840 Speaker 1: One for every room. Yeah, you gotta have one in 532 00:27:26,840 --> 00:27:31,400 Speaker 1: your room because I ask it for weather and everything yourself. 533 00:27:31,880 --> 00:27:35,120 Speaker 1: I'm like a really big believer in those voice devices 534 00:27:35,160 --> 00:27:38,040 Speaker 1: that can give you the weather and music. And you know, 535 00:27:38,280 --> 00:27:41,040 Speaker 1: if the news, the sports scores every every day, and 536 00:27:41,600 --> 00:27:44,080 Speaker 1: if there's a new episode of a trashy reality show 537 00:27:44,119 --> 00:27:47,320 Speaker 1: on that night. That's what I asked my Alexa. I 538 00:27:47,400 --> 00:27:49,960 Speaker 1: think you can also ask Alexa to play Bloomberg K 539 00:27:52,680 --> 00:28:00,800 Speaker 1: really you do. He's getting all then on Spotify. I 540 00:28:00,880 --> 00:28:03,800 Speaker 1: love I love Spotify. I actually I listened to such 541 00:28:03,800 --> 00:28:07,960 Speaker 1: trashy music. Um, anyway, what's everybody doing this weekend? It's 542 00:28:07,960 --> 00:28:13,800 Speaker 1: finally the weekend Super South Carolina coverage tomorrow and there's 543 00:28:13,840 --> 00:28:16,240 Speaker 1: now contest on the weekends that we have to obsess over. 544 00:28:16,600 --> 00:28:20,840 Speaker 1: Not many true Well you know all right. Time now 545 00:28:20,880 --> 00:28:24,320 Speaker 1: for my favorite part of the show. Uh, the quick take. 546 00:28:24,400 --> 00:28:26,600 Speaker 1: What's on your radar? And who wants to go first? 547 00:28:27,000 --> 00:28:33,160 Speaker 1: Don't bueller, bueller, don't all I'll go Mark. Mark actually 548 00:28:33,200 --> 00:28:35,359 Speaker 1: came with a book. You know I love books. Go ahead, 549 00:28:35,440 --> 00:28:38,520 Speaker 1: So Barbara Franklin, who was Commerce secretary under H. W. 550 00:28:38,640 --> 00:28:41,360 Speaker 1: Bush and also a Penn State graduate. Yes we are. 551 00:28:41,880 --> 00:28:44,800 Speaker 1: We are one of the first state, one of the first. 552 00:28:44,800 --> 00:28:46,640 Speaker 1: I love Penn State and I feel to love this 553 00:28:46,680 --> 00:28:50,000 Speaker 1: week from Penn State for what it's worth. A she 554 00:28:50,000 --> 00:28:52,120 Speaker 1: she worked for the Knickson administration and she was tasked 555 00:28:52,120 --> 00:28:54,640 Speaker 1: with his young staffer of getting more women into the 556 00:28:54,640 --> 00:28:58,840 Speaker 1: federal government also passed the Equal Rights Amendment and Title nine. 557 00:28:59,120 --> 00:29:01,720 Speaker 1: This story her book is being re released in connection 558 00:29:01,800 --> 00:29:03,960 Speaker 1: with Women's history Let's get her on the show. We're 559 00:29:03,960 --> 00:29:06,120 Speaker 1: going to do it, and the hundredth anniversary of the 560 00:29:06,200 --> 00:29:09,120 Speaker 1: nineteenth Amendment. So a matter of simple justice coming to 561 00:29:09,200 --> 00:29:15,040 Speaker 1: you in March. That surely is like is Bloomberg's do 562 00:29:15,160 --> 00:29:17,960 Speaker 1: all Star Washington booker. And he used to work in 563 00:29:18,040 --> 00:29:23,120 Speaker 1: Martin's Tavern. I might allowed to say this. He used 564 00:29:23,120 --> 00:29:26,320 Speaker 1: to be the bouncer at Martin's tavern. He's very he 565 00:29:26,400 --> 00:29:29,160 Speaker 1: met his right there. He's allowing me to say this anyway, Matt, 566 00:29:29,200 --> 00:29:32,760 Speaker 1: we gotta get her on the show. Okay, great, Okay, 567 00:29:32,840 --> 00:29:35,200 Speaker 1: that's a great one. That's on your radar. And March 568 00:29:35,240 --> 00:29:39,240 Speaker 1: Women's History Month, yes, no, absolutely, And February is African 569 00:29:39,240 --> 00:29:42,440 Speaker 1: American History Month. And yeah, I mean just yeah, I'm 570 00:29:42,440 --> 00:29:45,160 Speaker 1: all I support that go Eli your turn. Big day 571 00:29:45,160 --> 00:29:50,600 Speaker 1: on Tuesday. What's happening on Tuesdays. We've got some downball primaries. Yes, true, 572 00:29:50,880 --> 00:29:53,320 Speaker 1: Alabama is a big deal. Republicans are gonna pick a 573 00:29:53,360 --> 00:29:55,560 Speaker 1: candidate to go against Doug Jones. We're the most vulnerable, 574 00:29:56,080 --> 00:29:58,040 Speaker 1: so you think it's gonna be that's a juicy race. 575 00:29:58,120 --> 00:29:59,920 Speaker 1: Jeff Sessions is on top, probably gonna go do the 576 00:30:00,000 --> 00:30:02,120 Speaker 1: on off. We'll see. Do you think you can do it? 577 00:30:02,160 --> 00:30:04,120 Speaker 1: We had plenty of time, so talk. Do you think 578 00:30:04,120 --> 00:30:06,920 Speaker 1: you can win it? Like the nomination? No, Jeff Sessions, 579 00:30:06,920 --> 00:30:10,160 Speaker 1: do you think you can wait a runoff? Possibly? I 580 00:30:10,200 --> 00:30:12,000 Speaker 1: think you talked to folks who are involved in this 581 00:30:12,200 --> 00:30:14,560 Speaker 1: and they think it's a matter of how well he 582 00:30:14,600 --> 00:30:16,640 Speaker 1: does on Tuesday and if you showed a strength on Tuesday. 583 00:30:16,720 --> 00:30:18,400 Speaker 1: But he's not the only one. By the way, there's 584 00:30:18,480 --> 00:30:21,200 Speaker 1: the race for the nomination to take on Tom Tillison 585 00:30:21,320 --> 00:30:25,680 Speaker 1: in in North Carolina. UM Democrats and Texas are packing 586 00:30:25,760 --> 00:30:27,920 Speaker 1: candidate to go up against John Corner and a harder race. 587 00:30:27,960 --> 00:30:31,760 Speaker 1: And then you've got dozens of house races candidates being 588 00:30:31,760 --> 00:30:34,240 Speaker 1: decided next week, so those haven't gotten a lot of attention. 589 00:30:34,280 --> 00:30:35,520 Speaker 1: Those are a big deal in terms of the next 590 00:30:35,560 --> 00:30:39,600 Speaker 1: president's agenda against this way through. Okay, good one, I 591 00:30:39,640 --> 00:30:42,680 Speaker 1: like that. Why are you looking at me like that? 592 00:30:42,680 --> 00:30:45,080 Speaker 1: Go what? Uh so? What's on my radar screen? I 593 00:30:45,320 --> 00:30:50,760 Speaker 1: UM have a piece out what's yesterday? It's called uh 594 00:30:50,840 --> 00:30:54,880 Speaker 1: where's Barack Obama? In terms of how how out of 595 00:30:54,920 --> 00:30:58,320 Speaker 1: it he has been throughout this entire process. He indicated 596 00:30:58,360 --> 00:31:01,520 Speaker 1: to UH to AIDS that he was potentially going to 597 00:31:01,600 --> 00:31:04,320 Speaker 1: get involved at Bernie Sanders got the nomination. It's a 598 00:31:04,360 --> 00:31:06,200 Speaker 1: piece on the hill right now saying you know that 599 00:31:06,240 --> 00:31:08,360 Speaker 1: he has really taken a backseat to this. It's a 600 00:31:08,400 --> 00:31:12,040 Speaker 1: great piece. Yeah, it's everyone should read it. Where's Barack Obama? 601 00:31:12,200 --> 00:31:13,800 Speaker 1: Where is he? Though? For real? What what do you think? 602 00:31:13,840 --> 00:31:16,800 Speaker 1: What do you I mean in in d C. And 603 00:31:17,240 --> 00:31:20,800 Speaker 1: up in Martha's vineyard in Hawaii? And would you like, 604 00:31:21,040 --> 00:31:22,720 Speaker 1: as a biding guy, what would you like to send 605 00:31:22,760 --> 00:31:26,040 Speaker 1: him an endorsement of this? Is sitting is former vice president? 606 00:31:26,920 --> 00:31:28,280 Speaker 1: Don't you think that he has to stay out of 607 00:31:28,280 --> 00:31:30,360 Speaker 1: the prime. I mean that's that's also his view that 608 00:31:30,400 --> 00:31:33,760 Speaker 1: he needs to be the United Party? Sure, sure, but 609 00:31:33,960 --> 00:31:37,280 Speaker 1: I think sure unless it's my guy. Sure, but you 610 00:31:37,320 --> 00:31:39,800 Speaker 1: also have a democratic socialist that would undo a lot 611 00:31:39,840 --> 00:31:43,000 Speaker 1: of the achievements of the Barack Obama administry. That's one 612 00:31:43,000 --> 00:31:44,280 Speaker 1: way to look at it, or you can look at 613 00:31:44,280 --> 00:31:46,760 Speaker 1: it that the that the voters want not to be 614 00:31:46,800 --> 00:31:49,080 Speaker 1: the standard bears a quarter voters. The voters already think 615 00:31:49,120 --> 00:31:51,880 Speaker 1: he's endorsed. I know, we just got some pulling yesterday. 616 00:31:51,960 --> 00:31:54,920 Speaker 1: Six Democratic primary voters think Barack Obama has already waited 617 00:31:54,960 --> 00:31:57,280 Speaker 1: on this phrase. And if they've supported Michael bloom about 618 00:31:57,280 --> 00:31:59,920 Speaker 1: a quarter think that he's endorsed Bloomberger other quarter because 619 00:31:59,920 --> 00:32:03,880 Speaker 1: it Biden money works. Man, If you want to spend 620 00:32:03,880 --> 00:32:06,320 Speaker 1: billions on a campaign, you could probably get chess. As 621 00:32:06,320 --> 00:32:09,200 Speaker 1: a disclaimer, Michael Bloomberg, who was seeking the Democratic presidential 622 00:32:09,200 --> 00:32:11,840 Speaker 1: nomination as the founder majority owner of Bloomberg LP, the 623 00:32:11,880 --> 00:32:14,880 Speaker 1: parent company of Bloomberg Radio, do we think that Obama 624 00:32:14,920 --> 00:32:19,280 Speaker 1: is going to endorse in a primary? I wish when 625 00:32:19,280 --> 00:32:22,840 Speaker 1: you talk too, you know, I'm the Democratic established and 626 00:32:22,840 --> 00:32:26,440 Speaker 1: I'm making a play for this guy to come forward 627 00:32:27,200 --> 00:32:31,840 Speaker 1: Democratic direct quote from Kevin Walling, I am the Democratic established. 628 00:32:32,120 --> 00:32:35,080 Speaker 1: We need this man to stop. I think who will be. 629 00:32:35,280 --> 00:32:36,880 Speaker 1: Kevin Walling is very humble, by the way, He's one 630 00:32:36,880 --> 00:32:38,680 Speaker 1: of the most humble people working in Washington. I'm giving 631 00:32:38,720 --> 00:32:42,840 Speaker 1: him a hartie thank you, I'm giving you a hard 632 00:32:42,840 --> 00:32:46,360 Speaker 1: time back. Oh, but it's someone who's fearful as a 633 00:32:46,400 --> 00:32:48,440 Speaker 1: Democrat of Bernie Standers at the top of I take it. 634 00:32:48,560 --> 00:32:50,480 Speaker 1: This is you know this. It's a little tongue in 635 00:32:50,840 --> 00:32:53,000 Speaker 1: cheek the piece, but you know, it does make the 636 00:32:53,000 --> 00:32:55,360 Speaker 1: case that, you know, Barack Obama is likely the only 637 00:32:55,840 --> 00:32:58,760 Speaker 1: endorsing agent they could make a difference in this race 638 00:32:58,840 --> 00:33:01,320 Speaker 1: at this point. I mean, the Bloomberg people are I'm 639 00:33:01,360 --> 00:33:03,840 Speaker 1: sorry that the Sanders people are already upset at this 640 00:33:03,920 --> 00:33:08,000 Speaker 1: notion that people think I don't think either side, I know, 641 00:33:08,400 --> 00:33:10,880 Speaker 1: I know, but uh that they don't like the idea 642 00:33:10,960 --> 00:33:13,520 Speaker 1: that people even think that Barack Obama is indoors. They 643 00:33:13,520 --> 00:33:15,200 Speaker 1: want him to come out and say that he hasn't. 644 00:33:15,240 --> 00:33:17,320 Speaker 1: I mean, they see all these ads. There's five campaigns 645 00:33:17,400 --> 00:33:20,520 Speaker 1: running ads right now that feature Barack Obama ahead of 646 00:33:20,560 --> 00:33:24,400 Speaker 1: Super Tuesday, and in South Carolina. Um, his absence, his 647 00:33:24,480 --> 00:33:27,640 Speaker 1: silence is almost complicit with some of this in the 648 00:33:27,720 --> 00:33:29,800 Speaker 1: minds of some of these folks. I think it just 649 00:33:29,840 --> 00:33:32,840 Speaker 1: shows you the weakness of the Democrat National Party. I mean, 650 00:33:33,560 --> 00:33:39,200 Speaker 1: where's Hillary Clinton and the Fast I love it podcast 651 00:33:39,240 --> 00:33:41,760 Speaker 1: in the future, and I think, um, it just shows 652 00:33:41,800 --> 00:33:45,200 Speaker 1: you the weakness of the National Party that somehow President 653 00:33:45,240 --> 00:33:47,680 Speaker 1: Obama coming in you will clarify the field. I don't. 654 00:33:47,840 --> 00:33:49,280 Speaker 1: I don't think that answers it. And I think if 655 00:33:49,320 --> 00:33:51,600 Speaker 1: he hit full confidence that Biden can get the job done, 656 00:33:52,080 --> 00:33:53,800 Speaker 1: he would have already been there. I mean, there's a 657 00:33:53,800 --> 00:33:57,600 Speaker 1: real faction within there's fractions, factions. There are factions in 658 00:33:57,680 --> 00:33:59,880 Speaker 1: both political parties right now, and I think it's just 659 00:33:59,920 --> 00:34:02,360 Speaker 1: a really tough time for anybody to get mixed up 660 00:34:02,360 --> 00:34:04,480 Speaker 1: in that. All Right, you know what's how my radar 661 00:34:05,760 --> 00:34:09,320 Speaker 1: what Secretary Pompeo to sign a US Taliban peace deal 662 00:34:09,440 --> 00:34:12,719 Speaker 1: and cutter? I'm gonna ree from the Post today, The 663 00:34:12,760 --> 00:34:15,440 Speaker 1: New York Post. President Trump on Friday said he was 664 00:34:15,440 --> 00:34:18,360 Speaker 1: sending Secretary of State Mike Pompeo it's a cutter Saturday 665 00:34:18,400 --> 00:34:21,640 Speaker 1: to sign a U S Taliban peace steal that he 666 00:34:21,719 --> 00:34:24,319 Speaker 1: predicted could mean the end of the nineteen year old 667 00:34:24,320 --> 00:34:27,560 Speaker 1: war and that American troops could come home. So this 668 00:34:27,600 --> 00:34:30,399 Speaker 1: is a huge development coming from the White House. It's 669 00:34:30,400 --> 00:34:32,280 Speaker 1: been in the workings for quite some time. My colleagues, 670 00:34:32,360 --> 00:34:34,160 Speaker 1: Nick Wodhams and Bill Ferries and the rest of the 671 00:34:34,160 --> 00:34:38,280 Speaker 1: all star reporters on the bloom Bird UM National Security 672 00:34:38,320 --> 00:34:41,000 Speaker 1: Team have just been really ahead of this, to be honest, 673 00:34:41,440 --> 00:34:45,080 Speaker 1: and UM just doing great work. Uh. And Pompeo now 674 00:34:45,160 --> 00:34:47,799 Speaker 1: going to be signing that deal, that peace deal. That's 675 00:34:47,840 --> 00:34:53,120 Speaker 1: a major when that could actually I mean if if 676 00:34:53,160 --> 00:34:56,080 Speaker 1: he if Trump is bringing troops home, that could factor 677 00:34:56,080 --> 00:34:59,600 Speaker 1: into the I mean, I I don't like how my 678 00:34:59,680 --> 00:35:01,799 Speaker 1: imp us is to always go towards and what does 679 00:35:01,800 --> 00:35:05,480 Speaker 1: it mean. It's a major development in foreign policy as 680 00:35:05,520 --> 00:35:08,520 Speaker 1: it relates to troops coming back and of course potential 681 00:35:09,040 --> 00:35:12,399 Speaker 1: additional troops going elsewhere in the region. But how would 682 00:35:12,400 --> 00:35:15,000 Speaker 1: it factor eli into a political And we've seen a 683 00:35:15,000 --> 00:35:17,680 Speaker 1: lot of pulling that aside from sort of the um 684 00:35:17,719 --> 00:35:19,879 Speaker 1: scary stuff about Iran. I mean, voters have not been 685 00:35:19,880 --> 00:35:22,360 Speaker 1: really rebbed up by some of this foreign policy stuff. 686 00:35:22,520 --> 00:35:24,560 Speaker 1: It takes a lot to get on their radar. And 687 00:35:24,840 --> 00:35:28,200 Speaker 1: I mean about no impacts. A lot of it happens, 688 00:35:28,200 --> 00:35:29,640 Speaker 1: but there's gonna be a lot of people still there. 689 00:35:29,920 --> 00:35:31,239 Speaker 1: I mean, that's how a lot of these conflicts have 690 00:35:31,320 --> 00:35:33,319 Speaker 1: ended up. As we pull back and then we send 691 00:35:33,320 --> 00:35:37,120 Speaker 1: more people there again. Um. But even with like the coronavirus, 692 00:35:37,120 --> 00:35:39,439 Speaker 1: I mean, these things we're talking about today, we can't 693 00:35:39,480 --> 00:35:41,320 Speaker 1: assume we are going to be on the radar in 694 00:35:41,320 --> 00:35:44,359 Speaker 1: in a month, in a week, I mean, I mean, 695 00:35:44,360 --> 00:35:46,279 Speaker 1: the president was impeached and no one is at all 696 00:35:46,280 --> 00:35:49,640 Speaker 1: talking about that, and that was the shortest month of 697 00:35:49,640 --> 00:35:51,400 Speaker 1: the year that happened. We've already forgotten, We've already for 698 00:35:51,560 --> 00:35:54,279 Speaker 1: sended there. That was this month. On the they're at 699 00:35:54,280 --> 00:35:57,759 Speaker 1: in an extra day with leap here tomorrow, it's still February. 700 00:35:57,800 --> 00:36:03,200 Speaker 1: But impeachment was this month. He was this month, Eli 701 00:36:03,719 --> 00:36:06,279 Speaker 1: Mark Cross, impeachment was this month. That does not feel 702 00:36:06,320 --> 00:36:09,600 Speaker 1: like it. That doesn't for me. Have a great weekend, everybody. Truthfully, 703 00:36:09,640 --> 00:36:11,279 Speaker 1: thank you so much for listening. I have a lot 704 00:36:11,280 --> 00:36:13,840 Speaker 1: of gratitude for that. I'm Kevin Sirilli, Chief Wahington correspondent 705 00:36:13,840 --> 00:36:16,640 Speaker 1: for Bloomberg TV and Radio, and you're listening to Bloomberg 706 00:36:17,400 --> 00:36:18,760 Speaker 1: one Peatriot was this month.