1
00:00:00,320 --> 00:00:05,080
Speaker 1: Live from our Nation's how do we reopen this economy?

2
00:00:05,160 --> 00:00:08,320
Speaker 1: The latest on how this pandemic is impacting farmers. What

3
00:00:08,400 --> 00:00:11,400
Speaker 1: does this do for the United States relationship with China?

4
00:00:11,560 --> 00:00:16,480
Speaker 1: Bloomberg sound On, the Insiders, the influencers, the insides. We're

5
00:00:16,520 --> 00:00:19,720
Speaker 1: responding to this crisis and manufacturers are stepping up like

6
00:00:19,840 --> 00:00:23,360
Speaker 1: never before. We're looking at SEVENY Kennedy for different vaccines.

7
00:00:23,440 --> 00:00:26,080
Speaker 1: How do we make sure a pandemic of this scale

8
00:00:26,200 --> 00:00:30,240
Speaker 1: never happens again? This is Bloomberg Sound On with Kevin

9
00:00:30,320 --> 00:00:34,600
Speaker 1: Shirley on Bloomberg and one oh five point seven f

10
00:00:34,760 --> 00:00:38,720
Speaker 1: M h D two. President Trump returns to the campaign trail,

11
00:00:39,040 --> 00:00:43,000
Speaker 1: and Judge Jamie Coney Barrett returns to the Senate Judiciary Committee.

12
00:00:43,000 --> 00:00:46,479
Speaker 1: We've got every angle covered, plus we will take a

13
00:00:46,520 --> 00:00:50,519
Speaker 1: Bloomberg television simulcast straight at in just a couple of

14
00:00:50,560 --> 00:00:53,880
Speaker 1: minutes regarding what's next for Disney. So we've got a

15
00:00:53,960 --> 00:00:56,720
Speaker 1: lot to get through. I'm joined by our stellar sound

16
00:00:56,760 --> 00:00:59,240
Speaker 1: On team to meet pub Harrow on the board, Matthew

17
00:00:59,320 --> 00:01:04,120
Speaker 1: Shirley in the back rounds of Just orchestrating life, and

18
00:01:04,240 --> 00:01:07,360
Speaker 1: Christine Barrata managing all of us. The executive producers so

19
00:01:07,400 --> 00:01:10,319
Speaker 1: grateful every single day to work with such talented, talented

20
00:01:10,400 --> 00:01:14,000
Speaker 1: dam members on the Bloomberg sound On simulcast, especially in

21
00:01:14,000 --> 00:01:17,880
Speaker 1: these tough and trying work from home era. That is life.

22
00:01:18,000 --> 00:01:20,400
Speaker 1: All right, let's start enough of the team, let's talk

23
00:01:20,440 --> 00:01:23,800
Speaker 1: about the news. Judge Amy Coney Barrett, that's the big

24
00:01:23,840 --> 00:01:28,080
Speaker 1: story today, folks. She returned to the Senate Judiciary Committee,

25
00:01:28,600 --> 00:01:33,399
Speaker 1: and she had day one, day one of the confirmation hearing.

26
00:01:33,440 --> 00:01:38,000
Speaker 1: Tomorrow though tomorrow is when we will get to the

27
00:01:38,240 --> 00:01:45,200
Speaker 1: question and answer period of the of the back and forth.

28
00:01:45,200 --> 00:01:47,600
Speaker 1: All right, we actually have a little bit from Judge

29
00:01:47,640 --> 00:01:50,920
Speaker 1: Amy Coney Barrett and which she said what her role

30
00:01:50,960 --> 00:01:54,080
Speaker 1: will be about, how what the role and the courts

31
00:01:54,080 --> 00:01:57,640
Speaker 1: having a vital responsibility to the rule of law. Uh

32
00:01:57,680 --> 00:01:59,200
Speaker 1: and and I thought it was an interesting moment. And

33
00:01:59,200 --> 00:02:01,320
Speaker 1: that's where I want to begin today. Here's Judge Amy

34
00:02:01,320 --> 00:02:03,720
Speaker 1: Coney Barrett in her opening statements with regards to the

35
00:02:03,800 --> 00:02:06,200
Speaker 1: role that the courts should play in the lives of Americans.

36
00:02:06,200 --> 00:02:09,600
Speaker 1: Here she is courts have a vital responsibility to the

37
00:02:09,720 --> 00:02:13,360
Speaker 1: rule of law, which is critical to a free society.

38
00:02:13,400 --> 00:02:17,040
Speaker 1: But courts are not designed to solve every problem or

39
00:02:17,160 --> 00:02:21,279
Speaker 1: right every wrong. In our public life, The policy decisions

40
00:02:21,440 --> 00:02:25,400
Speaker 1: and value judgments of government must be made by the

41
00:02:25,480 --> 00:02:31,120
Speaker 1: political branches elected by an accountable to the people. The

42
00:02:31,200 --> 00:02:34,520
Speaker 1: public should not expect courts to do so, and courts

43
00:02:34,639 --> 00:02:37,840
Speaker 1: should not try. That was Judge Amy Coney Barrett in

44
00:02:37,880 --> 00:02:41,960
Speaker 1: her opening remarks testifying earlier today before the Senate Judiciary Committee.

45
00:02:42,000 --> 00:02:45,040
Speaker 1: My colleague Anna Edgerton joins me on the telephone line.

46
00:02:45,080 --> 00:02:48,080
Speaker 1: She has Bloomberg Politics editor and a thrilled to have

47
00:02:48,200 --> 00:02:51,040
Speaker 1: you on, especially about a topic as important as this.

48
00:02:51,320 --> 00:02:53,280
Speaker 1: So what have we learned today from day one of

49
00:02:53,280 --> 00:02:56,040
Speaker 1: the confirmation hearing from Judge Amy Coney Barrett before the

50
00:02:56,080 --> 00:03:00,280
Speaker 1: Senate Judiciary Committee. Hey, Kevin, good to be here. Yeah,

51
00:03:00,360 --> 00:03:03,400
Speaker 1: it was largely what we expected. We had um kind

52
00:03:03,400 --> 00:03:07,200
Speaker 1: of a forecast, a preview of what Democrats and Republicans

53
00:03:07,240 --> 00:03:10,440
Speaker 1: were going to say. Democrats very much focused on the

54
00:03:10,480 --> 00:03:13,880
Speaker 1: Obamacare case that will be before the Court the week

55
00:03:13,919 --> 00:03:16,240
Speaker 1: after the election, just trying to show how much is

56
00:03:16,280 --> 00:03:19,040
Speaker 1: at stake and how important it is to make sure

57
00:03:19,040 --> 00:03:21,520
Speaker 1: that you have a Supreme Court that's going to not

58
00:03:21,800 --> 00:03:25,480
Speaker 1: overturn the Affordable Care Act. Um. They pointed to Chief

59
00:03:25,520 --> 00:03:29,200
Speaker 1: Justice John Roberts previous decision to uphold the Affordable Care Act,

60
00:03:29,560 --> 00:03:33,200
Speaker 1: and a law review article written by Amy Coney Barrett

61
00:03:33,280 --> 00:03:35,720
Speaker 1: questioning that decision to show that if she were to

62
00:03:35,760 --> 00:03:38,680
Speaker 1: be seated before the election, the Affordable Care Act could

63
00:03:38,680 --> 00:03:42,480
Speaker 1: be in question. Republicans, of course, focused on her publications

64
00:03:42,800 --> 00:03:44,760
Speaker 1: and saying what an excellent choice she was to be

65
00:03:44,760 --> 00:03:47,760
Speaker 1: appointed to the highest court in the land. Yes, and

66
00:03:47,920 --> 00:03:50,920
Speaker 1: it's it's particularly timely that you would mention the issue

67
00:03:50,960 --> 00:03:54,160
Speaker 1: of healthcare, because that is precisely what Democrats on the

68
00:03:54,200 --> 00:03:59,040
Speaker 1: Senate Judiciary Committee were. We're really trying to portray this

69
00:03:59,080 --> 00:04:01,400
Speaker 1: as we actually have a a sound bite from Senator

70
00:04:01,480 --> 00:04:04,280
Speaker 1: Kamala Harris, of course, the Democrat in California, also the

71
00:04:04,360 --> 00:04:07,160
Speaker 1: vice presidential nominee. She is a member of the Senate

72
00:04:07,240 --> 00:04:11,080
Speaker 1: Judiciary Committee. Take a listen to Senator Kamala Harris in

73
00:04:11,120 --> 00:04:14,280
Speaker 1: her opening remarks on the Senate Judiciary Committee. Here she is,

74
00:04:14,800 --> 00:04:17,200
Speaker 1: I do believe this hearing is a clear attempt to

75
00:04:17,360 --> 00:04:20,920
Speaker 1: jam through a Supreme Court nominee. We will take healthcare

76
00:04:20,960 --> 00:04:24,599
Speaker 1: away from millions of people during a deadly pandemic that

77
00:04:24,800 --> 00:04:29,640
Speaker 1: is already killed more than two hundred and fourteen thousand Americans.

78
00:04:30,000 --> 00:04:33,479
Speaker 1: I believe we must listen to our constituents and protect

79
00:04:33,760 --> 00:04:38,240
Speaker 1: their access to healthcare and wait to confirm a new

80
00:04:38,360 --> 00:04:44,320
Speaker 1: Supreme Court justice until after Americans decide who they want

81
00:04:44,720 --> 00:04:47,560
Speaker 1: in the White House. So, in addition to healthcare and

82
00:04:47,680 --> 00:04:50,320
Speaker 1: edgertanme Bloomberg Politics Editor, what are some other topics that

83
00:04:50,400 --> 00:04:53,479
Speaker 1: might come up tomorrow? And the question answer portion of

84
00:04:53,520 --> 00:04:56,760
Speaker 1: the hearings, Well, we're kind of in an interesting place

85
00:04:56,839 --> 00:04:59,520
Speaker 1: because one of the reasons why President Trump has so

86
00:04:59,640 --> 00:05:03,520
Speaker 1: much the sport from from Republicans, from conservatives especially, is

87
00:05:03,560 --> 00:05:06,039
Speaker 1: because he said when he was running for election in

88
00:05:06,080 --> 00:05:09,520
Speaker 1: twenty sixteen, if I am elected president, I will only

89
00:05:09,600 --> 00:05:13,480
Speaker 1: pick justices that will overturn Roe v. Wade. So Roe v.

90
00:05:13,640 --> 00:05:16,880
Speaker 1: Wade of course the landmark decision granting the right to

91
00:05:16,960 --> 00:05:20,880
Speaker 1: abortion for women in this country, and that's a very

92
00:05:20,920 --> 00:05:24,279
Speaker 1: important issue for conservatives to make sure that the Supreme

93
00:05:24,320 --> 00:05:28,120
Speaker 1: Court has a conservative majority that can revisit this decision

94
00:05:28,520 --> 00:05:31,400
Speaker 1: in the next case that comes up. So it's really

95
00:05:31,440 --> 00:05:35,480
Speaker 1: Republicans who initially made abortion a political issue, and then

96
00:05:35,480 --> 00:05:38,200
Speaker 1: we see Democrats trying to bring other issues into that

97
00:05:38,279 --> 00:05:41,159
Speaker 1: as well. Life health care we mentioned before, but also

98
00:05:41,279 --> 00:05:44,479
Speaker 1: the election because if we end up having a contested

99
00:05:44,520 --> 00:05:47,799
Speaker 1: election on the night of November three, if the Supreme

100
00:05:47,839 --> 00:05:50,560
Speaker 1: Court is called away in on that Democrats are very

101
00:05:50,600 --> 00:05:52,919
Speaker 1: nervous about what would happen if there is a six

102
00:05:53,000 --> 00:05:58,279
Speaker 1: three conservative majority already seated. Remarkable and and and even

103
00:05:58,320 --> 00:06:00,120
Speaker 1: more so of course, that we got the healthcarecter ace

104
00:06:00,200 --> 00:06:04,200
Speaker 1: in November, You've got potential, uh, Supreme Court elections cases

105
00:06:04,279 --> 00:06:06,760
Speaker 1: not to mention. And I'm interested in this just in

106
00:06:06,880 --> 00:06:09,160
Speaker 1: terms of the workers rights and union cases that could

107
00:06:09,160 --> 00:06:14,240
Speaker 1: also come up before the Supreme Court. And um, and

108
00:06:14,279 --> 00:06:16,000
Speaker 1: you know, I was struck by this. You mentioned Roevi

109
00:06:16,120 --> 00:06:19,200
Speaker 1: Wade um and and she was asked or she didn't

110
00:06:19,200 --> 00:06:21,080
Speaker 1: really she wasn't asked yet, but she no doubt we'll

111
00:06:21,080 --> 00:06:24,520
Speaker 1: be asked tomorrow. But in her opening statement she said

112
00:06:24,600 --> 00:06:26,680
Speaker 1: something that I want to read because I think it

113
00:06:26,720 --> 00:06:31,360
Speaker 1: bears repeating. Um. And actually, actually let's play it because

114
00:06:31,360 --> 00:06:34,320
Speaker 1: we have some time. Uh. She was asked. After more

115
00:06:34,360 --> 00:06:37,320
Speaker 1: than four hours of statements from the Judiciary Committee senators

116
00:06:37,320 --> 00:06:40,000
Speaker 1: on both sides of the Aisle, Judge Amy Coney Barrett

117
00:06:40,200 --> 00:06:44,760
Speaker 1: made a remarkable, remarkable statement about her method for deciding cases.

118
00:06:45,160 --> 00:06:47,840
Speaker 1: Take a listen, because this is this is probably as

119
00:06:47,880 --> 00:06:49,359
Speaker 1: close of an answer as we're gonna get on some

120
00:06:49,400 --> 00:06:51,880
Speaker 1: of the issues that you're talking about. Anna, here she is.

121
00:06:52,920 --> 00:06:56,760
Speaker 1: I asked myself how I would view the decision if

122
00:06:56,800 --> 00:06:58,960
Speaker 1: one of my children was the party that I was

123
00:06:59,080 --> 00:07:02,479
Speaker 1: ruling against, even though I would not like the result,

124
00:07:02,680 --> 00:07:06,320
Speaker 1: Would I understand that the decision was fairly reasoned and

125
00:07:06,400 --> 00:07:09,960
Speaker 1: grounded in law? And I understand in just forty five seconds.

126
00:07:10,200 --> 00:07:13,240
Speaker 1: You know, what do you make of that? She's clearly

127
00:07:13,280 --> 00:07:16,200
Speaker 1: speaking to all the people that Democrats highlighted in their

128
00:07:16,200 --> 00:07:19,800
Speaker 1: opening statements. Democrats came prepared with posters of all their

129
00:07:19,840 --> 00:07:23,400
Speaker 1: constituents that would be affected by removing the Affordable Care Act.

130
00:07:23,480 --> 00:07:26,600
Speaker 1: So Amy Commy Barrett is trying to show her compassion

131
00:07:26,600 --> 00:07:28,800
Speaker 1: for these people and show that she is a human

132
00:07:28,800 --> 00:07:31,280
Speaker 1: being who would be seated on the court found by

133
00:07:31,320 --> 00:07:37,160
Speaker 1: the law, not by any of her personal preferences. Fascinating, fascinating, fascinating,

134
00:07:37,200 --> 00:07:39,480
Speaker 1: and just what will you quickly be looking for to more?

135
00:07:39,520 --> 00:07:42,040
Speaker 1: Who should we be watching Senator Harris and Amy Cony

136
00:07:42,040 --> 00:07:44,760
Speaker 1: Barrett right, that will be a key moment, and definitely

137
00:07:44,800 --> 00:07:47,840
Speaker 1: those two, but also a Republican submitter, Tom Tillis of

138
00:07:47,920 --> 00:07:50,880
Speaker 1: North Carolina and Jonie Earnest of Iowa are also facing

139
00:07:50,920 --> 00:07:54,160
Speaker 1: tough reelection races, as well as the chairman, Lindsay Graham

140
00:07:54,200 --> 00:07:58,360
Speaker 1: with South Carolina. All Right, Anna Edgerton, Bloomberg Politics editor,

141
00:07:58,480 --> 00:08:00,880
Speaker 1: thanks so much for your time. Meanwhile, Walt Disney is

142
00:08:00,880 --> 00:08:04,280
Speaker 1: shaking up its management ranks and organizational structure to refocus

143
00:08:04,320 --> 00:08:08,520
Speaker 1: the entertainment giant on its thriving Disney Plus streaming businesses.

144
00:08:08,560 --> 00:08:10,840
Speaker 1: The company is merging some of its networks. Let's head

145
00:08:10,840 --> 00:08:13,800
Speaker 1: to New York now, were Bloomberg's Caroline High just joined

146
00:08:14,080 --> 00:08:17,120
Speaker 1: by Bob Chapek, the CEO of Disney. What I'm very

147
00:08:17,160 --> 00:08:19,120
Speaker 1: pleased to say now we can't speak to the seventh

148
00:08:19,280 --> 00:08:22,960
Speaker 1: CEO and Disney's history. Bob vac is joining us now

149
00:08:22,960 --> 00:08:27,680
Speaker 1: to discuss these strategic changes. Bob, you say it's given

150
00:08:27,720 --> 00:08:31,360
Speaker 1: the incredible success of Disney Plus, and incredible is is

151
00:08:31,440 --> 00:08:34,839
Speaker 1: sixty million subscribers in the first nine months, the creative

152
00:08:34,920 --> 00:08:38,000
Speaker 1: engines are going to be focused on producing content. How

153
00:08:38,120 --> 00:08:39,960
Speaker 1: talk to us how that's going to build on the

154
00:08:40,000 --> 00:08:44,959
Speaker 1: success of Mandalorian for example. Well, right now, there is

155
00:08:45,000 --> 00:08:48,720
Speaker 1: an assumption that content that is created by one of

156
00:08:48,720 --> 00:08:53,679
Speaker 1: our particular creative engines naturally gets ported or predestined to

157
00:08:53,800 --> 00:08:57,480
Speaker 1: go on that's very same distribution channel. But now what

158
00:08:57,480 --> 00:08:59,880
Speaker 1: we're trying to do is build a sense of independent,

159
00:09:00,480 --> 00:09:03,640
Speaker 1: a group that's centralized that can make the decision as

160
00:09:03,679 --> 00:09:06,440
Speaker 1: to how we take each piece of content, regardless of

161
00:09:06,440 --> 00:09:08,520
Speaker 1: where it's made in the company, and figure out the

162
00:09:08,559 --> 00:09:14,359
Speaker 1: optimal strategy for distribute, distributing and monetizing it in the marketplace.

163
00:09:14,559 --> 00:09:16,720
Speaker 1: And of course, you're a man three decades of Disney,

164
00:09:16,760 --> 00:09:19,880
Speaker 1: You've got experience in content and the importance of distribution.

165
00:09:19,920 --> 00:09:22,760
Speaker 1: You were the president of distribution for the Walt Disney Studios.

166
00:09:22,880 --> 00:09:27,079
Speaker 1: How do you want to see distribution change, Bob Well,

167
00:09:27,120 --> 00:09:28,440
Speaker 1: I think what we want to do is take a

168
00:09:28,440 --> 00:09:31,400
Speaker 1: consumer first approach. We really want the consumer to guide

169
00:09:31,440 --> 00:09:34,120
Speaker 1: us on how they want to see content. Obviously, we've

170
00:09:34,160 --> 00:09:37,240
Speaker 1: got the best content out there, the greatest franchises, the

171
00:09:37,559 --> 00:09:41,760
Speaker 1: greatest executive steering the direction of our content, the greatest filmmakers.

172
00:09:42,320 --> 00:09:44,920
Speaker 1: But the consumers need to tell us exactly how they

173
00:09:44,960 --> 00:09:47,480
Speaker 1: want to enjoy our content. Is it at home? Is

174
00:09:47,480 --> 00:09:50,720
Speaker 1: it in theaters? Is that on our platform of Disney Plus.

175
00:09:51,000 --> 00:09:52,640
Speaker 1: And we're going to go ahead and take their cues,

176
00:09:52,679 --> 00:09:55,319
Speaker 1: and right now they're telling us that they really want

177
00:09:55,320 --> 00:09:58,439
Speaker 1: to see more and more content on Disney Plus and Hulu.

178
00:09:58,720 --> 00:10:00,960
Speaker 1: I mean that's of course of getting learnings from that.

179
00:10:01,040 --> 00:10:03,319
Speaker 1: You've just released Mulan went direct to consumer of our

180
00:10:03,360 --> 00:10:07,640
Speaker 1: Disney Plus. You've announced that Soul, a new production that

181
00:10:07,679 --> 00:10:09,800
Speaker 1: you're bringing out, is also going to go that way,

182
00:10:10,000 --> 00:10:13,360
Speaker 1: navigating away from theaters. What's your gut telling you in

183
00:10:13,360 --> 00:10:15,080
Speaker 1: the longer term is it's just what's going to happen

184
00:10:15,080 --> 00:10:17,160
Speaker 1: in the pandemic, and we're more and more you'll be

185
00:10:17,160 --> 00:10:21,719
Speaker 1: going straight to Disney Plus. Well, I think consumers will

186
00:10:21,800 --> 00:10:25,960
Speaker 1: have their choices. Obviously, the pandemic has affected the speed

187
00:10:26,000 --> 00:10:29,040
Speaker 1: with which we're looking at things, but I will tell

188
00:10:29,040 --> 00:10:31,480
Speaker 1: you that this move that we made today would be

189
00:10:31,520 --> 00:10:35,120
Speaker 1: happening with or with our pandemic. We want consumers to

190
00:10:35,120 --> 00:10:37,800
Speaker 1: have more choices that we we want them to steer

191
00:10:37,880 --> 00:10:40,800
Speaker 1: the ship in terms of options. And obviously we have

192
00:10:40,840 --> 00:10:45,080
Speaker 1: a lot of great relationships with legacy distributors, some of

193
00:10:45,080 --> 00:10:48,200
Speaker 1: them are inside our own company. But at the same time,

194
00:10:48,240 --> 00:10:51,360
Speaker 1: we're going to take our cues towards the future, looking

195
00:10:51,400 --> 00:10:53,720
Speaker 1: at it with a sense of vision and continuing the

196
00:10:53,800 --> 00:10:56,679
Speaker 1: road that we've been on towards the director consumer future

197
00:10:56,720 --> 00:10:58,680
Speaker 1: for the Walt Disney Company, and talk to us about

198
00:10:58,720 --> 00:11:02,840
Speaker 1: that legacy, that learn legacy of Espn, of Hulu, of course,

199
00:11:02,840 --> 00:11:06,480
Speaker 1: which you now control. Will we ever see those packages

200
00:11:06,520 --> 00:11:12,000
Speaker 1: all put into one? Will Disney Plus eat them? Well,

201
00:11:12,000 --> 00:11:14,160
Speaker 1: We're going to be talking a lot more about specific

202
00:11:14,240 --> 00:11:16,720
Speaker 1: strategies that we're going to be employing in the future

203
00:11:17,040 --> 00:11:21,160
Speaker 1: at our December tenth investor conference, and so stay tuned

204
00:11:21,200 --> 00:11:23,960
Speaker 1: for more specifics on how those things will play out.

205
00:11:24,120 --> 00:11:27,000
Speaker 1: Were interesting winning the appetite there. Of course, this has

206
00:11:27,040 --> 00:11:29,800
Speaker 1: been I'm sure days, weeks, months in the making, Bob,

207
00:11:29,880 --> 00:11:32,000
Speaker 1: but it was interesting that just last week we had

208
00:11:32,080 --> 00:11:35,839
Speaker 1: Dan Lobe and activists in Basta basically calling you to

209
00:11:36,120 --> 00:11:39,440
Speaker 1: focus more on content, saying, look, cut your dividend, invest

210
00:11:39,520 --> 00:11:42,880
Speaker 1: that entirely into new content for Disney Plus, roll up

211
00:11:42,880 --> 00:11:46,480
Speaker 1: together Hulu, ESPN plus Disney Plus into one. How much

212
00:11:46,520 --> 00:11:49,080
Speaker 1: did you take that learning from Dan Lobe, how much

213
00:11:49,120 --> 00:11:52,040
Speaker 1: did you already have you got a sort of amount

214
00:11:52,120 --> 00:11:53,640
Speaker 1: in your mind as to how much is going to

215
00:11:53,720 --> 00:11:58,920
Speaker 1: be going on the making of content? Well, as you suggested,

216
00:11:59,000 --> 00:12:01,280
Speaker 1: this has been in the works for many, many months,

217
00:12:01,280 --> 00:12:04,560
Speaker 1: as we've seen the trend and the receptivity UH and

218
00:12:04,559 --> 00:12:07,800
Speaker 1: the acceptance of Disney Plus as UH first choice for

219
00:12:07,880 --> 00:12:12,719
Speaker 1: consumers UH and as it, you know, pertains to our investors.

220
00:12:13,120 --> 00:12:15,240
Speaker 1: We really like to hear from our investors and hear

221
00:12:15,240 --> 00:12:18,959
Speaker 1: what they're thinking and appreciate UH any thesis that they

222
00:12:18,960 --> 00:12:21,240
Speaker 1: wanted forward. At the same time, we've got to do

223
00:12:21,280 --> 00:12:23,240
Speaker 1: what we believe is right for our business. And in

224
00:12:23,240 --> 00:12:26,240
Speaker 1: this particular case, we agree that directed consumer is a

225
00:12:26,320 --> 00:12:30,280
Speaker 1: huge opportunity for the Walt Disney Company. And but to

226
00:12:30,360 --> 00:12:33,120
Speaker 1: do that, we're going to have to make huge increases

227
00:12:33,160 --> 00:12:36,840
Speaker 1: in our investment in our content UM. And we're ready,

228
00:12:36,920 --> 00:12:39,000
Speaker 1: willing and prepared to do that. But I'm not going

229
00:12:39,040 --> 00:12:41,959
Speaker 1: to comment in any decision making that our board will

230
00:12:41,960 --> 00:12:44,280
Speaker 1: do in terms of a divd and going forward. But

231
00:12:44,440 --> 00:12:47,360
Speaker 1: what about the amount that you'll spend. Netflix spends about

232
00:12:47,360 --> 00:12:49,920
Speaker 1: fifteen billion a year on content. Are you looking at

233
00:12:49,920 --> 00:12:53,760
Speaker 1: that order of magnitude? Well, again, I'm not going to

234
00:12:53,840 --> 00:12:56,240
Speaker 1: comment in any specific number about. What I will say

235
00:12:56,280 --> 00:12:58,480
Speaker 1: is that we will have something new virtually every week

236
00:12:59,120 --> 00:13:02,640
Speaker 1: on our platform, UH, across all of our plat all

237
00:13:02,679 --> 00:13:07,600
Speaker 1: of our franchises, you know, between Pixar Disney, Marvel, Lucas.

238
00:13:07,640 --> 00:13:10,960
Speaker 1: I mean, we've got some really great content and our

239
00:13:11,000 --> 00:13:13,720
Speaker 1: guests love it, and there's so much story to be told,

240
00:13:14,000 --> 00:13:16,360
Speaker 1: so many avenues to do it in, and that that's

241
00:13:16,360 --> 00:13:18,560
Speaker 1: where really where we're focusing is how do we go

242
00:13:18,640 --> 00:13:22,600
Speaker 1: ahead and really take those content creation centers that we

243
00:13:22,640 --> 00:13:25,520
Speaker 1: have inside the company, those franchises, if you will, and

244
00:13:25,559 --> 00:13:28,240
Speaker 1: catalyze them to make the content that we need across

245
00:13:28,280 --> 00:13:32,040
Speaker 1: all of our distribution channels, but especially our director consumer channels.

246
00:13:32,120 --> 00:13:35,280
Speaker 1: I mean Bob Full Disclosure, Me, myself, my son, complete

247
00:13:35,280 --> 00:13:37,320
Speaker 1: Addicts of Disney plus so music to our is that

248
00:13:37,320 --> 00:13:38,960
Speaker 1: there's more that's going to be coming all way. But

249
00:13:39,240 --> 00:13:40,800
Speaker 1: how hard is that to do in an era of

250
00:13:40,800 --> 00:13:43,120
Speaker 1: a pandemic? How difficult is it to produce content? At

251
00:13:43,120 --> 00:13:47,160
Speaker 1: the moment, well, we're focused on the north Star, and

252
00:13:47,200 --> 00:13:50,239
Speaker 1: the north Star is really pleasing our guests and maximizing

253
00:13:50,240 --> 00:13:53,079
Speaker 1: our wealth for our shareholders. So there's certainly a lot

254
00:13:53,120 --> 00:13:56,079
Speaker 1: of distractions, and some of them are very real, uh

255
00:13:56,120 --> 00:13:58,760
Speaker 1: in terms of you know, some of the financial challenges

256
00:13:58,760 --> 00:14:02,520
Speaker 1: that we've got with our parks either with limited opening

257
00:14:02,679 --> 00:14:05,920
Speaker 1: or closed or or even our cruise ships. But when

258
00:14:05,920 --> 00:14:08,600
Speaker 1: we're looking out towards our future and where we want

259
00:14:08,600 --> 00:14:11,720
Speaker 1: to be. Uh, We're not letting anything that's happening in

260
00:14:11,720 --> 00:14:14,640
Speaker 1: the short to medium term get us off track. As

261
00:14:14,679 --> 00:14:16,240
Speaker 1: a matter of fact, I think what this says is

262
00:14:16,280 --> 00:14:19,560
Speaker 1: that we're going faster, bigger, stronger along the same route

263
00:14:19,600 --> 00:14:21,760
Speaker 1: that was set up six months ago, a year ago,

264
00:14:21,920 --> 00:14:23,960
Speaker 1: a year and a half ago. This is the direction

265
00:14:24,000 --> 00:14:26,520
Speaker 1: of the Walt Disney Company. I have to say, of

266
00:14:26,520 --> 00:14:29,680
Speaker 1: call to your previously chairman of Disney Parks Experiences products

267
00:14:29,880 --> 00:14:32,520
Speaker 1: that must have hurt a lot to have to announce

268
00:14:32,520 --> 00:14:35,080
Speaker 1: the twenty eight thousand job cuts announced last month. A

269
00:14:35,160 --> 00:14:38,320
Speaker 1: quarter of US theme park workforce. Talk to us how

270
00:14:38,360 --> 00:14:40,520
Speaker 1: difficult it is to make such decisions at the moment,

271
00:14:40,880 --> 00:14:43,520
Speaker 1: and how to missed it. You are about hopefully returning

272
00:14:43,720 --> 00:14:48,840
Speaker 1: to growth. Well, you know, our cast members are the

273
00:14:48,880 --> 00:14:52,120
Speaker 1: center of the magic at our parks. Every single cast

274
00:14:52,160 --> 00:14:55,400
Speaker 1: guest interaction is an opportunity for us to make magic.

275
00:14:55,880 --> 00:14:58,720
Speaker 1: So for us to have to make a decision like

276
00:14:58,840 --> 00:15:01,960
Speaker 1: we did is particularly painful. But we're looking forward to

277
00:15:01,960 --> 00:15:06,000
Speaker 1: a more optimistic future, one where we can welcome our guests.

278
00:15:06,400 --> 00:15:10,120
Speaker 1: Uh beyond you know, a particular limit every day in

279
00:15:10,120 --> 00:15:13,040
Speaker 1: the park to keep that six foot social distancing and

280
00:15:13,280 --> 00:15:18,400
Speaker 1: open up our our cruise ships and reopen Disneyland hopefully someday,

281
00:15:18,600 --> 00:15:22,080
Speaker 1: and uh really move forward with our business so that

282
00:15:22,120 --> 00:15:24,800
Speaker 1: we can employ as many cast members as possible and

283
00:15:24,840 --> 00:15:28,520
Speaker 1: bring the magic back to our guests. And uh that's

284
00:15:28,560 --> 00:15:31,480
Speaker 1: what we're all about. Are you in liaising with government

285
00:15:31,480 --> 00:15:36,840
Speaker 1: officials about the hopes in that respect, Well, we're trying to.

286
00:15:36,920 --> 00:15:39,680
Speaker 1: We're trying to make sure that government officials taken to

287
00:15:39,720 --> 00:15:43,680
Speaker 1: account to success that we've had around the world in Shanghai, Shanghai,

288
00:15:43,720 --> 00:15:47,400
Speaker 1: Hong Kong, Tokyo, Paris, Walt Disney World. And look at

289
00:15:47,440 --> 00:15:49,480
Speaker 1: the experience that we've had. We've been open for months

290
00:15:49,480 --> 00:15:52,520
Speaker 1: and months and months and we've not had any issues.

291
00:15:53,360 --> 00:15:55,320
Speaker 1: I think that's worth something. If you look at what

292
00:15:55,320 --> 00:15:58,280
Speaker 1: we did with the NBA bubble, I mean, it's extraordinary.

293
00:15:58,760 --> 00:16:02,320
Speaker 1: Uh So that's should be taken into account as opposed

294
00:16:02,360 --> 00:16:05,440
Speaker 1: to maybe just looking at an arbitrary cut off point

295
00:16:05,440 --> 00:16:09,400
Speaker 1: of you know what, uh advice that they're getting. I

296
00:16:09,440 --> 00:16:12,240
Speaker 1: will tell you that we have course consulted with health

297
00:16:12,240 --> 00:16:16,840
Speaker 1: officials on the reopening levels of people in our park

298
00:16:17,080 --> 00:16:20,520
Speaker 1: in terms of the requirements to wear mass temperature checks, etcetera,

299
00:16:20,640 --> 00:16:23,720
Speaker 1: social distancing, etcetera, etcetera. And it seems to be working.

300
00:16:24,080 --> 00:16:26,880
Speaker 1: We've got labs across the world they're saying this is

301
00:16:26,960 --> 00:16:30,160
Speaker 1: absolutely working. And we would just wish that the State

302
00:16:30,160 --> 00:16:33,240
Speaker 1: of California would look at our history as opposed to,

303
00:16:33,440 --> 00:16:38,720
Speaker 1: you know, saying some arbitrary standard that, frankly, um, you know,

304
00:16:38,880 --> 00:16:41,360
Speaker 1: is precluding people from going back to work. And what

305
00:16:41,440 --> 00:16:45,280
Speaker 1: about as a leader of an enormous business needing financial

306
00:16:45,320 --> 00:16:48,240
Speaker 1: help for particularly for those perhaps you now sadly have

307
00:16:48,360 --> 00:16:51,480
Speaker 1: to may come an unemployed, as hard as that must be,

308
00:16:51,760 --> 00:16:54,040
Speaker 1: how much you hope in the government can produce some

309
00:16:54,080 --> 00:16:56,840
Speaker 1: more fiscal stimulus, some more money to support business and

310
00:16:56,840 --> 00:17:01,000
Speaker 1: the growth in the economy. Well, what we're hoping is

311
00:17:01,000 --> 00:17:03,400
Speaker 1: that we can first get people back to work, because

312
00:17:03,400 --> 00:17:05,520
Speaker 1: as soon as we get back to work, then it

313
00:17:05,840 --> 00:17:09,280
Speaker 1: lessens the burden on the individual government entities to try

314
00:17:09,320 --> 00:17:11,880
Speaker 1: to provide some type of safety net. So the best

315
00:17:11,920 --> 00:17:13,639
Speaker 1: thing they can do is let us do what we

316
00:17:13,720 --> 00:17:20,240
Speaker 1: do and let's make magic. Well, we certainly hope not,

317
00:17:21,080 --> 00:17:24,320
Speaker 1: but we're really keeping a close eye on what the

318
00:17:24,359 --> 00:17:27,000
Speaker 1: governor does in the state of California, and right now

319
00:17:27,040 --> 00:17:30,000
Speaker 1: We're still retaining a whole bunch of cast members on

320
00:17:30,119 --> 00:17:32,959
Speaker 1: furlough with the hope that someday soon we'll get some

321
00:17:33,000 --> 00:17:37,159
Speaker 1: realistic guidelines about how we can open. Until then, I

322
00:17:37,200 --> 00:17:40,800
Speaker 1: can't roll it out. Wonderful to have some time with you.

323
00:17:40,960 --> 00:17:43,720
Speaker 1: Thank you for talking about the reorganization, the focus on content,

324
00:17:44,040 --> 00:17:46,120
Speaker 1: and of course we will look forward to the next

325
00:17:46,200 --> 00:17:48,000
Speaker 1: round of Mandalori and I think that's coming up later

326
00:17:48,040 --> 00:17:50,240
Speaker 1: this month. We thank for your time. The CEO of

327
00:17:50,440 --> 00:17:54,080
Speaker 1: just me there you were listening to my colleague Caroline

328
00:17:54,200 --> 00:17:57,920
Speaker 1: Hide speaking across platform on Bloomberg Television and Bloomberg Radio,

329
00:17:57,960 --> 00:18:00,280
Speaker 1: interviewing Bob J. Peck, who is, of course is the

330
00:18:00,320 --> 00:18:03,520
Speaker 1: CEO of Disney, and coming up later on in this

331
00:18:03,560 --> 00:18:07,119
Speaker 1: program you will hear from my interview with Nicky Freed,

332
00:18:07,400 --> 00:18:10,560
Speaker 1: who was one of the top commissioners of Florida Tourism

333
00:18:10,600 --> 00:18:14,600
Speaker 1: and the impact that UH Disney's layoffs have had UH

334
00:18:14,640 --> 00:18:19,240
Speaker 1: in the state of Florida. Joining us now, Yelena Schaltzey

335
00:18:19,359 --> 00:18:23,800
Speaker 1: gave Lena Shoteva, sorry, Lena, Yelena Shaletzva, who is a

336
00:18:23,800 --> 00:18:26,679
Speaker 1: Bloomberg senior economists. You know we just heard there a

337
00:18:26,720 --> 00:18:31,720
Speaker 1: pretty grim picture in terms of potentially more layoffs from Disney.

338
00:18:32,160 --> 00:18:35,119
Speaker 1: You know, you hear that interview, and even so the

339
00:18:35,160 --> 00:18:38,879
Speaker 1: stocks jumped as NASDAC notched its best day since April.

340
00:18:38,920 --> 00:18:44,760
Speaker 1: What was driving the positive market movement today, Lena Hi, Karen, So,

341
00:18:45,359 --> 00:18:49,240
Speaker 1: today's you know, movements in the market don't seem to

342
00:18:49,280 --> 00:18:54,240
Speaker 1: be related to the fundamentals. Uh. They're driven by certain

343
00:18:55,000 --> 00:18:59,280
Speaker 1: tex stocks and among them is Amazon. Uh. And that

344
00:18:59,359 --> 00:19:03,240
Speaker 1: could be because of the prime day, which is approaching

345
00:19:04,000 --> 00:19:08,959
Speaker 1: really fast. And what's interesting is uh, uh I was

346
00:19:09,040 --> 00:19:13,040
Speaker 1: listening to the interview with the amazing interview I should admit,

347
00:19:13,320 --> 00:19:18,480
Speaker 1: and um, it really highlights what is happening in the economy. Uh,

348
00:19:18,520 --> 00:19:23,439
Speaker 1: the significant dichotomy between the services set there and the

349
00:19:23,560 --> 00:19:27,920
Speaker 1: goods sector in the economy. And uh more or more

350
00:19:28,000 --> 00:19:34,000
Speaker 1: of that is reflected in consumer spending on goods versus services.

351
00:19:34,040 --> 00:19:38,000
Speaker 1: So we still did not get back to pre pandemic

352
00:19:38,119 --> 00:19:42,080
Speaker 1: levels in terms of services spending. And that includes uh

353
00:19:42,160 --> 00:19:46,560
Speaker 1: the parks, uh and all all other you know, vacations

354
00:19:46,600 --> 00:19:50,760
Speaker 1: and things like that. So we are away um back

355
00:19:51,280 --> 00:19:54,920
Speaker 1: you know like before we we it's gonna take time

356
00:19:55,000 --> 00:19:59,840
Speaker 1: before we can get there. And really, whether it's a precautions.

357
00:20:00,080 --> 00:20:04,360
Speaker 1: So whether it's you know, mandatory closing or people simply

358
00:20:04,359 --> 00:20:08,120
Speaker 1: do not feel like going on vacations, that is not

359
00:20:08,160 --> 00:20:13,520
Speaker 1: gonna helping. Whereas boots back to the prependemic levels. I

360
00:20:13,520 --> 00:20:15,439
Speaker 1: thought it was interesting the Bob J. Peck, CEO of

361
00:20:15,440 --> 00:20:19,760
Speaker 1: Disney telling Bloomberg's Caroline High just moments ago, uh, pointing

362
00:20:19,760 --> 00:20:22,840
Speaker 1: to two international openings, pointing to the bubble with the

363
00:20:22,960 --> 00:20:27,040
Speaker 1: NBA as examples of the company being able to navigate

364
00:20:27,119 --> 00:20:33,080
Speaker 1: through the pandemic, and and and using and citing those instances, UH,

365
00:20:33,119 --> 00:20:36,440
Speaker 1: and and parts around the world as as examples of

366
00:20:36,680 --> 00:20:40,880
Speaker 1: success stories, even though they have had to unfortunately layoff

367
00:20:40,920 --> 00:20:45,320
Speaker 1: in furlough thousands of workers. You know, he didn't he

368
00:20:45,400 --> 00:20:48,240
Speaker 1: alluded to this, but the the sentiment was strong through

369
00:20:48,280 --> 00:20:52,560
Speaker 1: through Caroline's excellent questioning, which was, he wants guidance from Washington.

370
00:20:52,720 --> 00:20:56,880
Speaker 1: He wants stimulus and certainty coming from Congress. Am I

371
00:20:56,880 --> 00:21:00,359
Speaker 1: am right, Elena, I mean he wants he wants emulas

372
00:21:00,440 --> 00:21:03,720
Speaker 1: and guidance coming from Washington. D C. Right, don't we

373
00:21:03,840 --> 00:21:07,520
Speaker 1: all right? So and we're not getting it pleased until

374
00:21:07,560 --> 00:21:11,000
Speaker 1: after the election. I am afraid I think you know,

375
00:21:11,440 --> 00:21:14,080
Speaker 1: it's just with less than a month before the election,

376
00:21:14,160 --> 00:21:19,159
Speaker 1: the probability of a comprehensive deal remains really minimal. It appears, uh,

377
00:21:19,280 --> 00:21:22,359
Speaker 1: conditions will need to get worse before they get better.

378
00:21:22,600 --> 00:21:25,800
Speaker 1: So in our of you at Boomberg Economics, we don't

379
00:21:25,840 --> 00:21:30,040
Speaker 1: think that neither Democrats or Republicans have the upper hand

380
00:21:30,119 --> 00:21:34,119
Speaker 1: in terms of negotiations. It's the markets and the economic

381
00:21:34,240 --> 00:21:39,000
Speaker 1: data that could keep the skills. So, uh, if the

382
00:21:39,119 --> 00:21:41,840
Speaker 1: history is aiming guide, that's what was happening back in

383
00:21:41,880 --> 00:21:45,880
Speaker 1: thousand and eight when House Republicans blocked the financial rescue

384
00:21:45,920 --> 00:21:51,160
Speaker 1: plan and only like a few days later financial markets

385
00:21:51,280 --> 00:21:56,040
Speaker 1: completely royaled, and that actually helped the situation. And uh,

386
00:21:56,440 --> 00:22:00,360
Speaker 1: you know, the rescue package was signed into the law

387
00:22:00,920 --> 00:22:04,280
Speaker 1: and the current situation is slightly different. But here is

388
00:22:04,640 --> 00:22:07,440
Speaker 1: this is kind of the what needs to happen. I'm

389
00:22:07,440 --> 00:22:11,480
Speaker 1: afraid before we get any clarity. Helena Shayetteva, thank you

390
00:22:11,600 --> 00:22:13,520
Speaker 1: so much for joining us. Never enough time with you,

391
00:22:13,560 --> 00:22:17,240
Speaker 1: my friend Jolena Bloomberg, senior US Economists coming up much

392
00:22:17,240 --> 00:22:21,640
Speaker 1: more politics, policy and campaign trail. I'm Kevin SURREALI you're

393
00:22:21,680 --> 00:22:26,320
Speaker 1: listening to Bloomberg ninety nine one. Why from our nations?

394
00:22:26,320 --> 00:22:30,160
Speaker 1: How do we reopen this economy. The latest on how

395
00:22:30,200 --> 00:22:33,320
Speaker 1: this pandemic is impacting farmers. What does this do from

396
00:22:33,320 --> 00:22:38,240
Speaker 1: the United States relationship with China? Bloomberg Sound on, the Insiders,

397
00:22:38,359 --> 00:22:42,000
Speaker 1: the influencers, the insides. We're responding to this crisis and

398
00:22:42,080 --> 00:22:45,400
Speaker 1: manufacturers are stepping up like never before. You're looking at

399
00:22:45,440 --> 00:22:48,520
Speaker 1: Pevny Kennedys for different vacines. How do we make sure

400
00:22:48,680 --> 00:22:52,119
Speaker 1: a pandemic of this scale never happens again? This is

401
00:22:52,160 --> 00:22:57,560
Speaker 1: Bloomberg Sound On with Kevin Surrelate on Bloomberg and one

402
00:22:57,560 --> 00:23:00,600
Speaker 1: oh five point seven f M h D two. Judge

403
00:23:00,640 --> 00:23:04,520
Speaker 1: Amy Coney Barrett heads to Capitol Hill the latest before

404
00:23:04,560 --> 00:23:08,879
Speaker 1: the Senate Judiciary Committee, plus President Trump heads back on

405
00:23:08,960 --> 00:23:12,880
Speaker 1: the campaign trail. He said, it's a four states, four

406
00:23:12,960 --> 00:23:17,119
Speaker 1: states this week alone. The latest on the race and

407
00:23:17,359 --> 00:23:20,000
Speaker 1: an exclusive interview that my colleague Taylor Riggs and I

408
00:23:20,040 --> 00:23:24,000
Speaker 1: did with Nicky Freed, Tourism Commissioner down in the Sunshine

409
00:23:24,119 --> 00:23:27,560
Speaker 1: state of Florida. Lots to get through Randy Day here

410
00:23:27,560 --> 00:23:29,360
Speaker 1: in Washington, but come on, we got a whole week

411
00:23:29,359 --> 00:23:32,639
Speaker 1: ahead of us. Let's go ready, Let's do it all right.

412
00:23:32,880 --> 00:23:37,000
Speaker 1: Judge Amy Coney Barrett testified before the Senate Judiciary Committee today,

413
00:23:37,040 --> 00:23:39,680
Speaker 1: and that's the big story she faced. She will face

414
00:23:39,800 --> 00:23:43,840
Speaker 1: questions rather tomorrow and the question and answer portion of this.

415
00:23:44,000 --> 00:23:47,679
Speaker 1: But really there were four hours of opening statements from

416
00:23:47,760 --> 00:23:50,760
Speaker 1: the various members of the Judiciary Committee, chaired of course

417
00:23:51,040 --> 00:23:54,560
Speaker 1: by Senator Lindsey Graham, a Republican from South Carolina who

418
00:23:54,640 --> 00:23:58,680
Speaker 1: was in a tough, tough reelection battle on November three

419
00:23:58,680 --> 00:24:02,280
Speaker 1: in the Palmettos date. Meanwhile, there's some star power, some

420
00:24:02,359 --> 00:24:06,359
Speaker 1: star power on this hearing, on this committee rather, and

421
00:24:06,400 --> 00:24:12,000
Speaker 1: that includes vice presidential nominee Kamala Harris, the Democrat from California.

422
00:24:12,080 --> 00:24:14,359
Speaker 1: But I want to begin with what Judge Amy Coney

423
00:24:14,400 --> 00:24:18,040
Speaker 1: Barrett said in her opening remarks, and we'll take a

424
00:24:18,080 --> 00:24:21,679
Speaker 1: listen here. She is courts have a vital responsibility to

425
00:24:21,760 --> 00:24:25,560
Speaker 1: the rule of law, which is critical to a free society.

426
00:24:25,640 --> 00:24:29,320
Speaker 1: But courts are not designed to solve every problem or

427
00:24:29,400 --> 00:24:33,520
Speaker 1: right every wrong in our public life. The policy decisions

428
00:24:33,680 --> 00:24:37,639
Speaker 1: and value judgments of government must be made by the

429
00:24:37,720 --> 00:24:43,359
Speaker 1: political branches elected by an accountable to the people. The

430
00:24:43,440 --> 00:24:46,760
Speaker 1: public should not expect courts to do so, and courts

431
00:24:46,880 --> 00:24:50,920
Speaker 1: should not try. No doubt, there are political ramifications for

432
00:24:51,000 --> 00:24:55,040
Speaker 1: this week's committee hearings, the judge Amy Coney Barrett faces

433
00:24:55,080 --> 00:24:58,400
Speaker 1: before the Senate Judiciary Committee. But also without question, there

434
00:24:58,440 --> 00:25:03,080
Speaker 1: are short term, short term implications should she ultimately, as

435
00:25:03,200 --> 00:25:06,000
Speaker 1: is expected, be confirmed to the Supreme Court case in

436
00:25:06,080 --> 00:25:09,199
Speaker 1: point well, the Affordable Care Act that is going to

437
00:25:09,240 --> 00:25:14,359
Speaker 1: be up for a monumental case about the constitutionality of

438
00:25:14,359 --> 00:25:17,639
Speaker 1: the Affordable Care Act, and it has drawn criticism from Democrats,

439
00:25:18,000 --> 00:25:22,080
Speaker 1: especially especially this close to an election. Take a listen

440
00:25:22,119 --> 00:25:25,840
Speaker 1: to Senator Kamala Harris. I do believe this hearing is

441
00:25:25,840 --> 00:25:29,320
Speaker 1: a clear attempt to jam through a Supreme Court nominee.

442
00:25:29,600 --> 00:25:32,720
Speaker 1: We will take healthcare away from millions of people during

443
00:25:32,720 --> 00:25:36,520
Speaker 1: a deadly pandemic that is already killed more than two

444
00:25:36,640 --> 00:25:40,960
Speaker 1: hundred and fourteen thousand Americans. I believe we must listen

445
00:25:41,000 --> 00:25:45,840
Speaker 1: to our constituents and protect their access to healthcare and

446
00:25:45,880 --> 00:25:51,040
Speaker 1: wait to confirm a new Supreme Court justice until after

447
00:25:51,240 --> 00:25:56,240
Speaker 1: Americans decide who they want in the White House. That

448
00:25:56,359 --> 00:26:00,280
Speaker 1: was Democratic Vice presidential nominee Senator Kamala Harris speaking or

449
00:26:00,480 --> 00:26:04,560
Speaker 1: the Senate Judiciary Committee in her opening remarks. William McGinley

450
00:26:04,600 --> 00:26:06,040
Speaker 1: is a principal at the Vogo Group. He is a

451
00:26:06,080 --> 00:26:09,359
Speaker 1: former White House Cabinet Secretary and former Deputy Council at

452
00:26:09,400 --> 00:26:12,879
Speaker 1: the Republican National Committee. Scott Bolden also is with me

453
00:26:12,960 --> 00:26:16,080
Speaker 1: for the hour, Democratic strategist. He is the former DC

454
00:26:16,359 --> 00:26:21,640
Speaker 1: Democratic Party Chairman and attorney. Scott Healthcare No doubt how

455
00:26:21,800 --> 00:26:27,960
Speaker 1: Democrats are going to be questioning UH A CB Well,

456
00:26:28,119 --> 00:26:30,840
Speaker 1: I think you're absolutely right, and and the Democrats know

457
00:26:31,000 --> 00:26:34,520
Speaker 1: there's no maneuver to stop this nomination, nor do they

458
00:26:34,560 --> 00:26:39,240
Speaker 1: really want a bloody nomination because, um, the the the

459
00:26:39,320 --> 00:26:44,760
Speaker 1: nominee UH doesn't have the same baggage that Kavanaugh did.

460
00:26:44,920 --> 00:26:47,880
Speaker 1: That's one thing. The other thing is, though, because she's

461
00:26:47,880 --> 00:26:49,840
Speaker 1: going to make it to the Supreme Court and the

462
00:26:49,880 --> 00:26:52,560
Speaker 1: Affordable health Care Act is on the table, you're gonna

463
00:26:52,640 --> 00:26:55,280
Speaker 1: hear the Damns as you heard today, talking a lot

464
00:26:55,320 --> 00:26:59,320
Speaker 1: about preservation of the Affordable Care Act, how it's affected

465
00:26:59,400 --> 00:27:03,639
Speaker 1: twenty three million people pre existing conditions, and how Donald

466
00:27:03,680 --> 00:27:06,080
Speaker 1: Trump wants to take it away from them. They're gonna

467
00:27:06,119 --> 00:27:10,560
Speaker 1: make it somewhat of a Democratic campaign convention, if you will,

468
00:27:10,840 --> 00:27:14,040
Speaker 1: because they can't stop the nomination. It's smart politics on

469
00:27:14,119 --> 00:27:17,280
Speaker 1: their part. William come in here. Bill McGinley with US

470
00:27:17,320 --> 00:27:19,440
Speaker 1: Principal at the Vogo group. I mean, you know, you

471
00:27:19,600 --> 00:27:23,119
Speaker 1: hear what what will Republicans be focusing on during this

472
00:27:23,200 --> 00:27:26,720
Speaker 1: week's hearings. Look, I think they're gonna be focusing on

473
00:27:27,240 --> 00:27:32,879
Speaker 1: Amy Coney Barrett's qualifications, her exemplary academic record, her record

474
00:27:32,960 --> 00:27:35,520
Speaker 1: on the bench in the Seventh Circuit, um, and I

475
00:27:35,560 --> 00:27:39,160
Speaker 1: think why she has qualified to uh become a justice

476
00:27:39,240 --> 00:27:41,720
Speaker 1: on the Supreme Court. I think today's hearing was nothing

477
00:27:41,720 --> 00:27:43,840
Speaker 1: but a preview for the question and answers that we're

478
00:27:43,840 --> 00:27:46,440
Speaker 1: going to see over the next couple of days. Um. More,

479
00:27:46,520 --> 00:27:48,800
Speaker 1: my colleagues said that the Democrats are going to focus

480
00:27:48,840 --> 00:27:50,680
Speaker 1: on healthcare, but I also think they're going to lean

481
00:27:50,720 --> 00:27:54,400
Speaker 1: in a little bit on Mrs Barrett um to try

482
00:27:54,400 --> 00:27:57,280
Speaker 1: and get her to stumble. But I think in the

483
00:27:57,320 --> 00:27:59,560
Speaker 1: same respect, the Republicans are going to lean in on

484
00:27:59,600 --> 00:28:02,639
Speaker 1: the demock credit line of questioning because it's not going

485
00:28:02,720 --> 00:28:05,840
Speaker 1: to go to the ultimate question of qualifications. It's going

486
00:28:05,880 --> 00:28:08,720
Speaker 1: to be more about the campaign issues, um, and they're

487
00:28:08,720 --> 00:28:10,560
Speaker 1: going to try and got them into some of the

488
00:28:10,680 --> 00:28:14,200
Speaker 1: uh the religious test questions that have happened and with

489
00:28:14,320 --> 00:28:18,520
Speaker 1: prior judicial nominees during the Trump term. And we should

490
00:28:18,600 --> 00:28:23,880
Speaker 1: know to stay away from that. I agree, I'd stay

491
00:28:23,920 --> 00:28:26,920
Speaker 1: away from that. I think it'll be interesting to see

492
00:28:26,920 --> 00:28:30,520
Speaker 1: whether the DEM's lean in instead or whether she will

493
00:28:30,560 --> 00:28:35,159
Speaker 1: accuse herself if the November three elections go to the

494
00:28:35,160 --> 00:28:37,720
Speaker 1: Supreme Court eventually, I think that's what they'd lean in.

495
00:28:37,800 --> 00:28:39,640
Speaker 1: All I can tell this is gonna be a great hour.

496
00:28:39,640 --> 00:28:41,640
Speaker 1: I've never had you both on together, but two of

497
00:28:41,680 --> 00:28:43,600
Speaker 1: the best, and already I can tell you, guys are

498
00:28:43,880 --> 00:28:45,480
Speaker 1: you guys are bouncing off? I love it. I love

499
00:28:45,480 --> 00:28:47,080
Speaker 1: it making my job easy on a Monday, on a

500
00:28:47,160 --> 00:28:50,280
Speaker 1: rainy Monday. I was really struck by this because it's

501
00:28:50,480 --> 00:28:53,440
Speaker 1: too both of your your points. She she did. There

502
00:28:53,520 --> 00:28:55,560
Speaker 1: was one statement in her opening remarks that really jumps

503
00:28:55,560 --> 00:28:59,600
Speaker 1: out at me, especially with how she's going to, no

504
00:28:59,720 --> 00:29:02,560
Speaker 1: doubt uh answer some of the questions, whether it's on

505
00:29:02,600 --> 00:29:05,280
Speaker 1: Roe v. Wade, whether it's on the election, whether it's

506
00:29:05,320 --> 00:29:08,680
Speaker 1: on a host of other different subjects that are going

507
00:29:08,720 --> 00:29:11,520
Speaker 1: to come up, because yes, I mean it's typical for

508
00:29:11,600 --> 00:29:14,520
Speaker 1: these nominees to not try to be pinned down or

509
00:29:14,560 --> 00:29:17,000
Speaker 1: to play the hypotheticals. But take allsition to what she

510
00:29:17,120 --> 00:29:22,960
Speaker 1: said about how how she would she would look uh

511
00:29:23,080 --> 00:29:26,200
Speaker 1: at these various cases on her deciding method. Here here

512
00:29:26,240 --> 00:29:30,000
Speaker 1: it is. I asked myself how I would view the

513
00:29:30,040 --> 00:29:32,800
Speaker 1: decision if one of my children was the party that

514
00:29:32,840 --> 00:29:35,880
Speaker 1: I was ruling against, even though I would not like

515
00:29:36,000 --> 00:29:39,640
Speaker 1: the result, would I understand that the decision was fairly

516
00:29:39,680 --> 00:29:44,280
Speaker 1: reasoned and grounded in law. That was a remarkable, remarkable

517
00:29:44,400 --> 00:29:48,760
Speaker 1: statement and and really in many ways I think humanized

518
00:29:48,920 --> 00:29:53,080
Speaker 1: her opening remarks. Uh, Bill, I think she's got a

519
00:29:53,160 --> 00:29:56,680
Speaker 1: very compelling story to tell, both professionally and personally. Yeah.

520
00:29:56,760 --> 00:29:59,560
Speaker 1: I mean she said she's comfortable with being a group

521
00:29:59,640 --> 00:30:02,959
Speaker 1: of non because she and her husband has seven children,

522
00:30:02,960 --> 00:30:06,680
Speaker 1: two of from are adopted from from hating. I think

523
00:30:06,680 --> 00:30:10,680
Speaker 1: that when she looks at the parties before her as

524
00:30:10,680 --> 00:30:14,080
Speaker 1: she's ruling from the bench, um, she's trying to figure out,

525
00:30:14,120 --> 00:30:17,640
Speaker 1: how do I explain the basis and law? Uh, for

526
00:30:17,720 --> 00:30:20,160
Speaker 1: the reason why I ruled the way I did. And

527
00:30:20,200 --> 00:30:22,280
Speaker 1: I think that that is uh. It should be a

528
00:30:22,280 --> 00:30:25,360
Speaker 1: compliment for her because what she's doing is she's giving

529
00:30:25,360 --> 00:30:27,720
Speaker 1: a good record in case this goes up on appeal

530
00:30:27,760 --> 00:30:31,280
Speaker 1: to adequately explain how she reached the conclusion she did.

531
00:30:31,720 --> 00:30:35,520
Speaker 1: I think this all goes to judicial qualifications. It goes

532
00:30:35,560 --> 00:30:38,800
Speaker 1: to judicial temperament um, and it goes to an approach

533
00:30:39,280 --> 00:30:41,080
Speaker 1: that preserves the rule of law, that she's going to

534
00:30:41,160 --> 00:30:43,400
Speaker 1: call balls and strikes and not try and legislate from

535
00:30:43,440 --> 00:30:47,320
Speaker 1: the bench. She's a very, very competent, qualified candidate, and

536
00:30:47,360 --> 00:30:49,440
Speaker 1: I think we know why she's probably going to be

537
00:30:49,480 --> 00:30:52,760
Speaker 1: confirmed before the election unless something unexpected happen. Well, I

538
00:30:52,800 --> 00:30:56,600
Speaker 1: appreciate the baseball metaphor and not a football after that.

539
00:30:58,280 --> 00:31:00,960
Speaker 1: Did you see the Eagles yesterday Washington? Did you see

540
00:31:01,000 --> 00:31:06,120
Speaker 1: my birds? Absolutely? I was screaming. I was. It was

541
00:31:06,160 --> 00:31:08,920
Speaker 1: more painful than than say, I'm gonna be careful. It

542
00:31:08,920 --> 00:31:12,080
Speaker 1: was more painful than some of the never mind, but anyway,

543
00:31:12,440 --> 00:31:15,400
Speaker 1: I'm not gonna say it. See Christine Barrata, our executive producer,

544
00:31:15,440 --> 00:31:18,200
Speaker 1: I have restraint and discipline. Coming up next, we have

545
00:31:18,320 --> 00:31:20,880
Speaker 1: back out on the campaign trail as President Trump is

546
00:31:20,960 --> 00:31:23,840
Speaker 1: set to go return to the campaign trail. My name

547
00:31:23,920 --> 00:31:26,200
Speaker 1: is Kevin Ceili. I'm the chief Washington correspondent for Bloomberg

548
00:31:26,240 --> 00:31:29,240
Speaker 1: TV and Radio. Scott and Mill stick around. You're listening

549
00:31:29,280 --> 00:31:34,400
Speaker 1: Bloomberg and nine to nine one. This is Bloomberg Sound

550
00:31:34,480 --> 00:31:38,719
Speaker 1: On with Kevin Surreley on Bloomberg one and one oh

551
00:31:38,800 --> 00:31:41,840
Speaker 1: five point seven FM h D two. My name is

552
00:31:41,920 --> 00:31:44,680
Speaker 1: Kevin Cirelli. I'm the chief Washington correspondent for Bloomberg Television

553
00:31:44,720 --> 00:31:47,880
Speaker 1: and Radio. I had no idea what song that is.

554
00:31:48,480 --> 00:31:52,960
Speaker 1: I it's James Addiction. Our producers are telling us now.

555
00:31:53,000 --> 00:31:56,040
Speaker 1: They are saying that I'm showing my young age. Okay,

556
00:31:56,240 --> 00:31:59,920
Speaker 1: welcome back, uh joining me for the hour. I'm great.

557
00:32:00,000 --> 00:32:03,480
Speaker 1: Phillis Scott building democratic strategist, former DC Democratic Party chairman

558
00:32:03,480 --> 00:32:07,120
Speaker 1: and attorney. And Bill McGinley, principal at the Vocal Group,

559
00:32:07,240 --> 00:32:10,280
Speaker 1: former White House Cabinet secretary and former Deputy council at

560
00:32:10,320 --> 00:32:13,520
Speaker 1: the Republican National Committee. Hey, Bill, President Jump's had to

561
00:32:13,560 --> 00:32:15,800
Speaker 1: back out on the campaign trail. He's gonna head to

562
00:32:15,840 --> 00:32:23,000
Speaker 1: Florida tomorrow, Pennsylvania, Iowa, and then uh North Carolina. Wow marketable.

563
00:32:23,280 --> 00:32:24,920
Speaker 1: I mean he's really doing this is a smart move.

564
00:32:25,000 --> 00:32:26,560
Speaker 1: He's he really doesn't have a choice, right, I mean,

565
00:32:26,560 --> 00:32:28,520
Speaker 1: I mean, I know I shouldn't have said that, but

566
00:32:28,640 --> 00:32:31,320
Speaker 1: because I guess you could. But I mean from his perspective,

567
00:32:31,320 --> 00:32:34,400
Speaker 1: he doesn't have a choice. Yeah, politically, he needs to

568
00:32:34,400 --> 00:32:37,480
Speaker 1: get back out there. Obviously, it needs to be done safe.

569
00:32:37,520 --> 00:32:39,560
Speaker 1: He needs to follow the doctor's orders. He needs to

570
00:32:39,600 --> 00:32:42,000
Speaker 1: be thinking about the health of the people who staff

571
00:32:42,120 --> 00:32:45,200
Speaker 1: him around there. But if the doctors have said he's

572
00:32:45,200 --> 00:32:49,000
Speaker 1: not contagious and he's virus free, um, then he should

573
00:32:49,000 --> 00:32:52,480
Speaker 1: be out there taking his case to the people. Look,

574
00:32:52,520 --> 00:32:54,920
Speaker 1: I mean the polls are showing that, you know, he's

575
00:32:55,000 --> 00:32:57,520
Speaker 1: probably behind right now. The way that he's going to

576
00:32:57,640 --> 00:32:59,680
Speaker 1: crawl back in the remaining three weeks is if he

577
00:32:59,680 --> 00:33:02,560
Speaker 1: gets out makes this case directly to the voters. And

578
00:33:02,600 --> 00:33:04,440
Speaker 1: I think these types of rallies not only have a

579
00:33:04,560 --> 00:33:07,000
Speaker 1: chance to allow him to make that case, but it

580
00:33:07,040 --> 00:33:11,760
Speaker 1: also energizes him. So yeah, but you know the challenges.

581
00:33:12,280 --> 00:33:15,080
Speaker 1: We don't know whether he's healthy enough. He didn't really

582
00:33:15,120 --> 00:33:18,520
Speaker 1: care much about the twenty or thirty people around him

583
00:33:18,640 --> 00:33:21,080
Speaker 1: before he got sick. In fact, he called it a

584
00:33:21,120 --> 00:33:23,880
Speaker 1: hoax and said they were turning the corner and just

585
00:33:23,920 --> 00:33:27,600
Speaker 1: told several mistruths to the public. So he's not exactly

586
00:33:27,600 --> 00:33:33,040
Speaker 1: a reliable source from whether it's healthy or saint. Now, obviously,

587
00:33:33,120 --> 00:33:35,240
Speaker 1: if he's been cleared by the doctors and he wears

588
00:33:35,240 --> 00:33:38,680
Speaker 1: a mask and he requires those folks at the at

589
00:33:38,680 --> 00:33:41,440
Speaker 1: the rally to wear a mask, and all the protocols

590
00:33:41,440 --> 00:33:44,160
Speaker 1: are taken. But Donald Trump and his team have never

591
00:33:44,240 --> 00:33:47,640
Speaker 1: done that, and so from a from a credibility standpoint,

592
00:33:47,880 --> 00:33:50,720
Speaker 1: it's just an open question whether you're in the press corps,

593
00:33:50,960 --> 00:33:52,960
Speaker 1: whether you work in the White House. I mean, the

594
00:33:53,000 --> 00:33:55,760
Speaker 1: White House right now is a hotbed for COVID or

595
00:33:55,800 --> 00:33:57,960
Speaker 1: at least it was, and the President himself was a

596
00:33:58,000 --> 00:34:01,240
Speaker 1: super spreador so I agree, got to get back out there.

597
00:34:01,560 --> 00:34:04,920
Speaker 1: He should do it safely because the numbers are just

598
00:34:05,080 --> 00:34:09,520
Speaker 1: atrocious for him, and Biden's campaign has more money than him,

599
00:34:09,840 --> 00:34:12,719
Speaker 1: and so they're running neck and neck in states like Georgia,

600
00:34:13,000 --> 00:34:15,560
Speaker 1: which I turned it into swing states or purple states,

601
00:34:15,560 --> 00:34:17,880
Speaker 1: when they need to be spending money elsewhere in the

602
00:34:17,920 --> 00:34:21,480
Speaker 1: Northwest as well as the in the I'm sorry, the Midwest,

603
00:34:21,600 --> 00:34:24,640
Speaker 1: as well as the Southwest, and they're having to compete

604
00:34:24,680 --> 00:34:27,319
Speaker 1: in states they didn't think they had to. So, uh,

605
00:34:27,440 --> 00:34:29,319
Speaker 1: he's got twenty days to turn it around, but it's

606
00:34:29,400 --> 00:34:33,239
Speaker 1: unlikely that's going to happen and effectively efficiently. Let me

607
00:34:33,280 --> 00:34:35,120
Speaker 1: jump in here. The New York Times Ciena poll out

608
00:34:35,160 --> 00:34:37,960
Speaker 1: today for Pennsylvania as well as Florida has the President

609
00:34:37,960 --> 00:34:41,719
Speaker 1: trailing significantly, in some cases as much as ten percentage

610
00:34:41,719 --> 00:34:46,560
Speaker 1: points in the battleground states. You know, in many ways, Bill,

611
00:34:47,600 --> 00:34:50,920
Speaker 1: I don't even think they're trying to convince swing voters

612
00:34:51,040 --> 00:34:55,040
Speaker 1: to to to come back. It's more amplifying and running

613
00:34:55,080 --> 00:35:00,319
Speaker 1: up the margins in Republican districts. Bill. Now, well, I

614
00:35:00,320 --> 00:35:02,680
Speaker 1: mean that's how you win states, right, I mean you

615
00:35:03,160 --> 00:35:05,400
Speaker 1: win states by running up the totals in the in

616
00:35:05,440 --> 00:35:08,640
Speaker 1: the districts or congressional districts. Um, that's your favorite to

617
00:35:08,680 --> 00:35:11,040
Speaker 1: win and that favor you. Um, or you try to

618
00:35:11,160 --> 00:35:13,880
Speaker 1: lose by a lower margin in those states that are

619
00:35:13,920 --> 00:35:16,640
Speaker 1: are in those districts that are opposed to you. UM,

620
00:35:16,680 --> 00:35:19,080
Speaker 1: that's all fine. The one thing that I would say

621
00:35:19,200 --> 00:35:23,239
Speaker 1: is is that there are some eerie um similarities to

622
00:35:24,719 --> 00:35:28,560
Speaker 1: the president was badly outspent in ten yet he was

623
00:35:28,600 --> 00:35:31,839
Speaker 1: still able to come from behind and win. Um. We've

624
00:35:31,880 --> 00:35:36,160
Speaker 1: had numerous October surprises this time, like we did last time. UM.

625
00:35:36,239 --> 00:35:38,560
Speaker 1: I agree with the analysis that Joe Biden is more

626
00:35:38,600 --> 00:35:42,040
Speaker 1: likable than Hillary Clinton was in and that can play

627
00:35:42,040 --> 00:35:45,560
Speaker 1: a role. But anybody, anybody who says they know what's

628
00:35:45,560 --> 00:35:48,080
Speaker 1: gonna happen in this election, I don't believe him. I

629
00:35:48,080 --> 00:35:51,080
Speaker 1: don't think anybody knows what's gonna happen. And I think

630
00:35:51,120 --> 00:35:53,920
Speaker 1: that the President getting back out there um in a

631
00:35:54,000 --> 00:35:57,239
Speaker 1: safe manner. As my colleague said, UM is a good

632
00:35:57,320 --> 00:36:00,200
Speaker 1: idea for his campaign because he's the only one used

633
00:36:00,239 --> 00:36:02,480
Speaker 1: his own Calums director and he's going to make the

634
00:36:02,480 --> 00:36:04,919
Speaker 1: best case for his re election to the people who

635
00:36:04,920 --> 00:36:08,879
Speaker 1: need to hear the case. Yeah. I don't disagree with

636
00:36:08,960 --> 00:36:12,320
Speaker 1: my colleague. Let me tell you what's different. What's different

637
00:36:12,440 --> 00:36:17,239
Speaker 1: in is that Donald Trump has always needed a boogeyman

638
00:36:17,360 --> 00:36:20,880
Speaker 1: in his politics, and he's tried to make Biden the

639
00:36:20,880 --> 00:36:24,680
Speaker 1: boogeyman and his son that hasn't stuck. And then COVID

640
00:36:24,800 --> 00:36:27,279
Speaker 1: is hanging around his neck like a lead weight. He's

641
00:36:27,360 --> 00:36:30,719
Speaker 1: losing the elderly and and the problem is he's never

642
00:36:30,840 --> 00:36:35,000
Speaker 1: hit an approval rating. So the more he focuses on

643
00:36:35,120 --> 00:36:37,960
Speaker 1: his base, his base is going to vote for him,

644
00:36:37,960 --> 00:36:40,840
Speaker 1: whether he shoots somebody in the middle of Fifth Avenue

645
00:36:40,840 --> 00:36:43,520
Speaker 1: in New York or not. And so the reality is,

646
00:36:43,600 --> 00:36:45,799
Speaker 1: how do what? How does how does Trump as a

647
00:36:45,840 --> 00:36:49,680
Speaker 1: politician grow beyond that He's going to Republican districts and

648
00:36:49,760 --> 00:36:52,680
Speaker 1: trying to find new voters who perhaps have never voted before,

649
00:36:53,000 --> 00:36:56,600
Speaker 1: but but share his political philosophy and get them and

650
00:36:56,640 --> 00:36:59,680
Speaker 1: mobilize them to the polls. And the question is will

651
00:36:59,760 --> 00:37:04,719
Speaker 1: that be enough. The Democrats are highly energized, Independence are

652
00:37:04,760 --> 00:37:09,120
Speaker 1: highly imaged energized. And you've got this COVID piece that's

653
00:37:09,200 --> 00:37:12,399
Speaker 1: affecting to one of the fifting thousand deaths, and you've

654
00:37:12,440 --> 00:37:15,960
Speaker 1: got a business at an employment rate that COVID is killing.

655
00:37:16,000 --> 00:37:19,839
Speaker 1: And they're blaming this president for not doing enough, let

656
00:37:19,880 --> 00:37:23,560
Speaker 1: alone of what he's done, how he's not protected himself,

657
00:37:23,840 --> 00:37:25,880
Speaker 1: and so he's got a lot of mountains to climb

658
00:37:26,200 --> 00:37:31,279
Speaker 1: to get back in this race. The Democratic strategist former

659
00:37:31,360 --> 00:37:34,720
Speaker 1: DC Democratic Party chairman, an attorney William McGinley, Bill McGinley,

660
00:37:35,000 --> 00:37:38,000
Speaker 1: principal at the Vocal Group, and former Deputy Council of

661
00:37:38,040 --> 00:37:40,799
Speaker 1: the Republican National Committee. Both of you obviously have a

662
00:37:40,880 --> 00:37:45,080
Speaker 1: legal background, uh Scott, in terms of the legal fight

663
00:37:45,120 --> 00:37:47,600
Speaker 1: that could be around the corner, what do you think, uh,

664
00:37:47,640 --> 00:37:50,800
Speaker 1: the Biden campaign should be doing in order to prepare

665
00:37:51,320 --> 00:37:56,200
Speaker 1: for a potential legal legal fight after the election. Well,

666
00:37:56,239 --> 00:38:00,160
Speaker 1: the preparation starts now. I think the Biden campaign, with

667
00:38:00,280 --> 00:38:04,160
Speaker 1: several other organizations such as the ANCP Legal Defense on

668
00:38:04,440 --> 00:38:08,040
Speaker 1: the Loyst COMMITTEO Civil Civil Rights are in court right

669
00:38:08,080 --> 00:38:10,560
Speaker 1: now trying to allow to get rid of rules that

670
00:38:11,320 --> 00:38:14,279
Speaker 1: suppressed the vote and allow as many people to vote

671
00:38:14,280 --> 00:38:18,279
Speaker 1: as possible. They'll certainly have Paul watching Don legally if

672
00:38:18,280 --> 00:38:22,000
Speaker 1: you will, and appropriately. And then the strategy is we

673
00:38:22,080 --> 00:38:25,160
Speaker 1: won't know the winner, most likely unless it's a landslide

674
00:38:25,239 --> 00:38:28,960
Speaker 1: or November three. But but they each has prepared briefs

675
00:38:29,040 --> 00:38:33,120
Speaker 1: already in whichever states they think are gonna be close,

676
00:38:33,640 --> 00:38:36,840
Speaker 1: and the briefings are going to be and to combat

677
00:38:36,960 --> 00:38:39,920
Speaker 1: the Republican briefs that are gonna probably go to court

678
00:38:39,960 --> 00:38:42,000
Speaker 1: if this goes, if the election goes the way it

679
00:38:42,040 --> 00:38:45,120
Speaker 1: should go. Ultimately, if it goes to the Supreme Court,

680
00:38:45,520 --> 00:38:47,319
Speaker 1: be on the lookout for a big fight is the

681
00:38:47,320 --> 00:38:50,720
Speaker 1: whether Judge Barrett, who will be confirmed by then, whether

682
00:38:50,800 --> 00:38:54,080
Speaker 1: she had whether she accuses herself or not. But those,

683
00:38:54,200 --> 00:38:57,600
Speaker 1: the brief writing and the skeletal outlines are being done

684
00:38:57,640 --> 00:39:03,000
Speaker 1: already only because of Trump's statements He's not gonna he

685
00:39:03,080 --> 00:39:06,879
Speaker 1: may or may not accept your resuls of the election. Okay,

686
00:39:06,920 --> 00:39:09,560
Speaker 1: breaking there is red headline crossing the Bloomberg terminal. President

687
00:39:09,560 --> 00:39:13,600
Speaker 1: Trump has tested negative for COVID nineteen a new statement

688
00:39:13,600 --> 00:39:16,680
Speaker 1: out from the White House physician Sean Conley. He writes

689
00:39:16,719 --> 00:39:18,480
Speaker 1: in a one page letter, I can share with you

690
00:39:18,520 --> 00:39:21,720
Speaker 1: that he has tested negative on consecutive days. I'm Kevin Sirelli,

691
00:39:21,760 --> 00:39:26,040
Speaker 1: morn Extra listening to Bloomberg. Gude that I want. This

692
00:39:26,360 --> 00:39:31,319
Speaker 1: is Bloomberg's sound on with Kevin Surreley on Bloomberg one

693
00:39:31,480 --> 00:39:35,200
Speaker 1: and one oh five point seven FM HD two. My

694
00:39:35,280 --> 00:39:37,640
Speaker 1: name is Kevin Sirelli. I'm the chief Ashton Chorus MONTI

695
00:39:37,640 --> 00:39:41,520
Speaker 1: for Bloomberg Television, hand for Bloomberg Radio. Red Headline crossing

696
00:39:41,520 --> 00:39:45,640
Speaker 1: the Bloomberg terminal. White House physician Sean Conley releasing a

697
00:39:45,760 --> 00:39:49,640
Speaker 1: one page statement via tweet from the White House. He writes, quote,

698
00:39:49,640 --> 00:39:52,760
Speaker 1: in response to your inquiry regarding the president's most recent

699
00:39:53,239 --> 00:39:56,400
Speaker 1: recent COVID nineteen tests, I can share with you that

700
00:39:56,480 --> 00:39:59,879
Speaker 1: he has tested negative on consecutive days using the ab

701
00:40:00,040 --> 00:40:04,680
Speaker 1: it bin x now anti jin card. It is important

702
00:40:04,719 --> 00:40:07,400
Speaker 1: to note that this test was not used in isolation

703
00:40:07,440 --> 00:40:10,960
Speaker 1: for the determination of the president's current negative status. Repeatedly

704
00:40:11,200 --> 00:40:15,360
Speaker 1: negative antigen tests taken in context with additional clinical and

705
00:40:15,440 --> 00:40:21,200
Speaker 1: laboratory data, including viral load, as well as other uh things.

706
00:40:21,760 --> 00:40:26,640
Speaker 1: UH I'll indicate a lack of detectable viral replication. This

707
00:40:26,800 --> 00:40:31,080
Speaker 1: comprehensive data and concert with the CDC's guidelines for removal

708
00:40:31,160 --> 00:40:35,480
Speaker 1: of transmission based precautions have informed our medical team's assessment

709
00:40:35,760 --> 00:40:41,520
Speaker 1: that the President is not infectious to others. This in

710
00:40:41,560 --> 00:40:45,719
Speaker 1: a statement from White House physician Sean Connolly, so assistant

711
00:40:45,760 --> 00:40:48,560
Speaker 1: to the President of White House Press Secretary Kaylee McKinney,

712
00:40:49,280 --> 00:40:52,600
Speaker 1: that in a statement that just just came out, all right,

713
00:40:52,640 --> 00:40:57,520
Speaker 1: switching gears now. Last hour, my colleague Caroline Hyde interviewed

714
00:40:57,680 --> 00:41:01,680
Speaker 1: Bob Chapek, who is the Disney CEO, and in that interview,

715
00:41:01,800 --> 00:41:04,640
Speaker 1: the Walt Disney Company announced that they are shaking up

716
00:41:04,719 --> 00:41:10,040
Speaker 1: management ranks and organizational structure to refocus the entertainment giant

717
00:41:10,160 --> 00:41:13,000
Speaker 1: on its thriving Disney plus streaming businesses. The company is

718
00:41:13,080 --> 00:41:17,600
Speaker 1: merging it's TV Networks, film studio, and direct to consumer

719
00:41:18,080 --> 00:41:21,360
Speaker 1: divisions into one big group that it is calling Media

720
00:41:21,400 --> 00:41:26,879
Speaker 1: and Distribution. Disney CEO Bob Japeck uh talked about that restructuring,

721
00:41:26,880 --> 00:41:29,120
Speaker 1: but it was another part of the interview that really

722
00:41:29,160 --> 00:41:31,479
Speaker 1: stood out to me, and that was when he really

723
00:41:31,520 --> 00:41:35,759
Speaker 1: called on some more guidance, some more guidance from Washington,

724
00:41:35,960 --> 00:41:39,759
Speaker 1: from policymakers, from lawmakers, to provide some guidance to CEOs

725
00:41:40,160 --> 00:41:42,800
Speaker 1: about what's coming, what's around the corner. Of course, Disney

726
00:41:42,840 --> 00:41:45,360
Speaker 1: had to make the unfortunate decision to furlough and layoff

727
00:41:45,400 --> 00:41:48,640
Speaker 1: thousands of workers from their parks. Earlier today, with my

728
00:41:48,680 --> 00:41:51,640
Speaker 1: colleague Taylor Rigs on Bloomberg Balance of Power, I spoke

729
00:41:51,920 --> 00:41:56,160
Speaker 1: with Nicky Freed. She is the Agriculture Commissioner of Florida.

730
00:41:56,400 --> 00:41:58,600
Speaker 1: She's a Democrat, and she also oversees some of the

731
00:41:58,920 --> 00:42:04,120
Speaker 1: UM tourist portfolio as well. I asked her um just

732
00:42:04,200 --> 00:42:06,480
Speaker 1: about everything going on in Florida. Take a listen to

733
00:42:06,520 --> 00:42:10,160
Speaker 1: what she told me President Trump back on the campaign trail.

734
00:42:10,280 --> 00:42:14,200
Speaker 1: From an economic standpoint, what impact has the COVID nineteen

735
00:42:14,239 --> 00:42:18,319
Speaker 1: pandemic had on your state in particular, it's been disastrous.

736
00:42:18,880 --> 00:42:22,520
Speaker 1: We know that the President not only downplayed the pandemic,

737
00:42:22,920 --> 00:42:24,520
Speaker 1: had no plan to get us through it. And we

738
00:42:24,560 --> 00:42:27,640
Speaker 1: all know that because of the cases and the amount

739
00:42:27,680 --> 00:42:29,680
Speaker 1: of deaths and and how it crossed the entire country

740
00:42:29,719 --> 00:42:31,960
Speaker 1: and here in the state of Florida, we can't have

741
00:42:31,960 --> 00:42:35,120
Speaker 1: an economic rebound. Tourism here in the state of Florida

742
00:42:35,239 --> 00:42:38,440
Speaker 1: is our number one economic driver, agriculturalist number two. We

743
00:42:38,520 --> 00:42:42,360
Speaker 1: are a one trillion economic driver for the country. We

744
00:42:42,400 --> 00:42:44,680
Speaker 1: are the hot one of the highest vp GDPs and

745
00:42:44,719 --> 00:42:47,640
Speaker 1: the entire nation, and most of that is on tourism.

746
00:42:47,760 --> 00:42:50,640
Speaker 1: So into huch time that we can actually beat COVID,

747
00:42:50,960 --> 00:42:52,600
Speaker 1: tourists are going to come back here to the State

748
00:42:52,600 --> 00:42:54,760
Speaker 1: of Florida. We know where we're you know, with between

749
00:42:54,760 --> 00:42:56,839
Speaker 1: our theme parks and Sea World where you all guys

750
00:42:56,880 --> 00:43:01,279
Speaker 1: are today, as well as Universal Studios and Disney. We

751
00:43:01,320 --> 00:43:04,040
Speaker 1: saw even last week Disney took them to more nine

752
00:43:04,080 --> 00:43:06,359
Speaker 1: thousand people that they laid off. A lot of our

753
00:43:06,400 --> 00:43:08,960
Speaker 1: small businesses and a lot of our hotels and restaurants

754
00:43:08,960 --> 00:43:11,800
Speaker 1: had furloughed a lot of people during the original outbreak,

755
00:43:12,120 --> 00:43:15,040
Speaker 1: but unfortunately those fur those are turning into permanent losses.

756
00:43:15,239 --> 00:43:18,000
Speaker 1: We have one point six million people here in the

757
00:43:18,000 --> 00:43:21,000
Speaker 1: state of Florida that are currently unemployed, and there has

758
00:43:21,040 --> 00:43:23,839
Speaker 1: been no plan, neither from the president or from our

759
00:43:23,880 --> 00:43:27,560
Speaker 1: governor to actually get our economy rebounding. And that's because

760
00:43:27,560 --> 00:43:30,279
Speaker 1: there's no plan to get COVID under control and to

761
00:43:30,320 --> 00:43:33,279
Speaker 1: make sure that we'd beat COVID here in the state commissioner,

762
00:43:33,360 --> 00:43:35,839
Speaker 1: what do you need from Capitol Hill because they're having

763
00:43:35,880 --> 00:43:40,400
Speaker 1: these round the clock negotiations supposedly about fiscal stimulus. You

764
00:43:40,440 --> 00:43:44,880
Speaker 1: mentioned tourism specifically, Uh, they're talking about tourism. What do

765
00:43:44,920 --> 00:43:50,040
Speaker 1: you need for Republicans and Democrats to pass on fiscal stimulus. Yeah,

766
00:43:50,040 --> 00:43:51,920
Speaker 1: there's a couple of things. And first and foremost I

767
00:43:51,960 --> 00:43:54,680
Speaker 1: also oversee the school nutrition program, So we need to

768
00:43:54,680 --> 00:43:56,799
Speaker 1: make sure that the U. S d A Is continuing

769
00:43:56,880 --> 00:43:59,279
Speaker 1: a paying for a lot of the programs that are

770
00:43:59,280 --> 00:44:01,680
Speaker 1: already you know, stood up during the first part of

771
00:44:01,680 --> 00:44:04,400
Speaker 1: this pandemic. We also need to make sure that we

772
00:44:04,440 --> 00:44:07,080
Speaker 1: are getting the food into into our homes. That means

773
00:44:07,160 --> 00:44:10,080
Speaker 1: having simulus dollars for the food bigs, but really more

774
00:44:10,080 --> 00:44:12,640
Speaker 1: importantly into our small businesses. We can know that a

775
00:44:12,680 --> 00:44:15,200
Speaker 1: significant chunk of the money that was allocated during the

776
00:44:15,200 --> 00:44:17,920
Speaker 1: first few stimulesses went to the tough one for centers,

777
00:44:17,920 --> 00:44:22,000
Speaker 1: went to the top corporations, went back into the stock market.

778
00:44:22,440 --> 00:44:24,200
Speaker 1: And we know that is not that is not even

779
00:44:24,200 --> 00:44:26,200
Speaker 1: close to a snapshot of what is happening in our

780
00:44:26,239 --> 00:44:28,960
Speaker 1: American homes and homes across the state of Florida. Our

781
00:44:29,000 --> 00:44:32,759
Speaker 1: small businesses are small farmers are continuing to struggles. The

782
00:44:32,760 --> 00:44:35,279
Speaker 1: money needs to go right into the heart of the

783
00:44:35,320 --> 00:44:37,840
Speaker 1: people that are suffering, and those are the individuals to

784
00:44:37,920 --> 00:44:40,120
Speaker 1: help stimulate the economy, to make sure that our small

785
00:44:40,160 --> 00:44:42,719
Speaker 1: businesses have exactly what they need to keep their doors open,

786
00:44:42,960 --> 00:44:46,320
Speaker 1: the restaurants, the hotels which again are starting to actually

787
00:44:46,360 --> 00:44:48,520
Speaker 1: lay off employees, not just for a low So the

788
00:44:48,520 --> 00:44:50,680
Speaker 1: money needs to go to those small business and and

789
00:44:50,719 --> 00:44:52,640
Speaker 1: to reinvigorate the middle class here in the state of

790
00:44:52,680 --> 00:44:55,000
Speaker 1: Florida and not put it into back into the stock

791
00:44:55,080 --> 00:44:57,680
Speaker 1: market or into the top one for cent corporations. You know,

792
00:44:57,719 --> 00:45:01,160
Speaker 1: certainly we hope that the corporations would again expand their

793
00:45:01,239 --> 00:45:04,200
Speaker 1: hiring process, but unfortunately we know what they're doing. They

794
00:45:04,239 --> 00:45:07,759
Speaker 1: then take out their divisions and re recap all of

795
00:45:07,800 --> 00:45:09,799
Speaker 1: their profits, so that way that they are the ones

796
00:45:09,840 --> 00:45:12,880
Speaker 1: who are gaining um the system, and that money is

797
00:45:12,920 --> 00:45:15,640
Speaker 1: not going down to the hard working Floridians um and

798
00:45:15,640 --> 00:45:17,640
Speaker 1: to the people across our entire country. So that's where

799
00:45:17,680 --> 00:45:20,319
Speaker 1: the money needs to go into our small farmers, our

800
00:45:20,360 --> 00:45:23,440
Speaker 1: small businesses. Well, you mentioned small farmers. What changes do

801
00:45:23,440 --> 00:45:26,000
Speaker 1: you want to see in the trade war to boost

802
00:45:26,040 --> 00:45:30,880
Speaker 1: your agricultural business? Well, I have been a strong opponent

803
00:45:31,000 --> 00:45:33,040
Speaker 1: to U S. M c A, which was the old

804
00:45:33,120 --> 00:45:37,080
Speaker 1: NAPTA deal, because what happened is that we traded the

805
00:45:37,080 --> 00:45:40,040
Speaker 1: better interests of our Florida farmers and our Southeast farmers

806
00:45:40,120 --> 00:45:42,560
Speaker 1: for the auto industry. And of course there's a happy balance.

807
00:45:42,880 --> 00:45:44,760
Speaker 1: But what has happened here in the state of Florida

808
00:45:44,840 --> 00:45:47,479
Speaker 1: since NAFTA was first signed is that we have seen

809
00:45:47,600 --> 00:45:50,920
Speaker 1: a significant over two hundreds to four hundred percent increase

810
00:45:51,280 --> 00:45:53,560
Speaker 1: in the amount of Mexican products that are coming here

811
00:45:53,600 --> 00:45:56,239
Speaker 1: into the state of Florida and throughout the Southeast, which

812
00:45:56,239 --> 00:45:58,440
Speaker 1: means that our small farmers here that are trying to

813
00:45:58,520 --> 00:46:00,960
Speaker 1: make ends to me, trying to feed just their communities,

814
00:46:01,000 --> 00:46:03,719
Speaker 1: the state, but the world quite honestly, are having to

815
00:46:04,280 --> 00:46:07,680
Speaker 1: compete with Mexican growers who are having who are paying

816
00:46:07,680 --> 00:46:10,319
Speaker 1: twenty five cents a day for their farm labor, which

817
00:46:10,360 --> 00:46:13,640
Speaker 1: we know here in America is unacceptable. So making sure

818
00:46:13,680 --> 00:46:17,160
Speaker 1: that we have actual UH plans in place to equal

819
00:46:17,200 --> 00:46:19,239
Speaker 1: that playing field. Our farmers here are some of the

820
00:46:19,280 --> 00:46:22,279
Speaker 1: hardest workers in the entire world, So creating a level

821
00:46:22,280 --> 00:46:25,479
Speaker 1: playing field is all that we're asking for. Making sure

822
00:46:25,520 --> 00:46:28,680
Speaker 1: that people across the entire country are actually buying domestic

823
00:46:28,719 --> 00:46:32,600
Speaker 1: products demanding that the As we all know, the power

824
00:46:32,719 --> 00:46:35,000
Speaker 1: is in the purse rings, and so of our of

825
00:46:35,120 --> 00:46:38,759
Speaker 1: our Americans are demanding domestic products that will put a

826
00:46:38,880 --> 00:46:41,600
Speaker 1: huge ripple effect into some of the trade issues that

827
00:46:41,640 --> 00:46:44,040
Speaker 1: are happening across the entire country, and especially with U. S.

828
00:46:44,120 --> 00:46:48,320
Speaker 1: M C A commissioner freed Florida swing state final countdown,

829
00:46:48,480 --> 00:46:51,560
Speaker 1: three weeks to go. I mean the polls are tightening.

830
00:46:51,920 --> 00:46:54,719
Speaker 1: What do you how how important is it going to

831
00:46:54,760 --> 00:46:57,839
Speaker 1: be for Democrats to win Florida? How can they win

832
00:46:57,880 --> 00:47:01,520
Speaker 1: it back from from three thousands of state. Yeah, we

833
00:47:01,560 --> 00:47:04,760
Speaker 1: all know that the only way that Trump can actually

834
00:47:04,800 --> 00:47:07,920
Speaker 1: win is by winning Florida, which is why he is

835
00:47:08,400 --> 00:47:11,560
Speaker 1: putting his his first rally here in the state of Florida.

836
00:47:11,880 --> 00:47:15,279
Speaker 1: His reckless behavior is just a a clear example of

837
00:47:15,320 --> 00:47:18,440
Speaker 1: his lack of leadership on COVID to have a rally

838
00:47:18,560 --> 00:47:21,440
Speaker 1: here in the state of Florida. But I know that

839
00:47:21,480 --> 00:47:23,719
Speaker 1: the people of their state, as I've traveled throughout the

840
00:47:23,840 --> 00:47:26,200
Speaker 1: entire state, especially in the last few months, talking to

841
00:47:26,239 --> 00:47:29,000
Speaker 1: a lot of our down ballot candidates. We've got the

842
00:47:29,000 --> 00:47:31,399
Speaker 1: most diverse candidates across the state that we've ever had,

843
00:47:31,840 --> 00:47:35,360
Speaker 1: filling every single state state across the entire state, and

844
00:47:35,400 --> 00:47:38,279
Speaker 1: the message is very clear. We have an individual who

845
00:47:38,280 --> 00:47:40,000
Speaker 1: we have an opportunity to elect, and that is Joe

846
00:47:40,000 --> 00:47:43,040
Speaker 1: Biden and Kamala Harris as a ticket. Somebody who's going

847
00:47:43,080 --> 00:47:45,080
Speaker 1: to roll up his sleeves, has a plan in place

848
00:47:45,080 --> 00:47:48,799
Speaker 1: for our economic recovery, getting COVID under control, making sure

849
00:47:48,880 --> 00:47:52,760
Speaker 1: that we are actually respected again across the entire world.

850
00:47:53,000 --> 00:47:56,320
Speaker 1: We have lost that that prestige in the international community,

851
00:47:56,719 --> 00:47:58,280
Speaker 1: and so I know here in the state of Florida

852
00:47:58,320 --> 00:48:00,760
Speaker 1: we have the Democrats are not just taking our message

853
00:48:00,760 --> 00:48:04,080
Speaker 1: to Democrats, We're taking our message to m p as

854
00:48:04,160 --> 00:48:07,920
Speaker 1: independence and to modern Republicans who understand that the Republican

855
00:48:07,960 --> 00:48:10,280
Speaker 1: Party of today is not the party that they joined.

856
00:48:10,600 --> 00:48:14,120
Speaker 1: Today's Republican Party is that of Donald Trump, which creates

857
00:48:14,160 --> 00:48:20,239
Speaker 1: divisive politics, devisive social issues. That was my interview with

858
00:48:20,320 --> 00:48:24,400
Speaker 1: Nikki Freed. She is the Agriculture Commissioner UH in the

859
00:48:24,480 --> 00:48:27,400
Speaker 1: Sunshine State of Florida. Of course, she's also rumored to

860
00:48:27,560 --> 00:48:31,759
Speaker 1: be a potential gubernatorial candidate or Senate candidate. She's the

861
00:48:31,840 --> 00:48:37,080
Speaker 1: rising star in Democratic politics in Sunny Florida. In Florida. Alright,

862
00:48:37,120 --> 00:48:39,400
Speaker 1: coming up next, what's on the panel's radar, We're going

863
00:48:39,480 --> 00:48:42,760
Speaker 1: to dive into that and again breaking news red headline

864
00:48:42,800 --> 00:48:46,080
Speaker 1: crossing the Bloomberg terminal. The President, according to White House

865
00:48:46,080 --> 00:48:50,560
Speaker 1: position Sean Connolly, does not have COVID nineteen anymore. He's

866
00:48:50,600 --> 00:48:54,560
Speaker 1: tested negative for COVID nineteen U and cannot transmit it. This,

867
00:48:54,600 --> 00:48:57,080
Speaker 1: of course, as President Trump is set to go out

868
00:48:57,239 --> 00:49:01,240
Speaker 1: on the campaign trail and that the estates Florida, including

869
00:49:01,239 --> 00:49:03,000
Speaker 1: one of them. He'll be in Florida tomorrow. Download the

870
00:49:03,000 --> 00:49:05,440
Speaker 1: Bloomberg Sound On podcast on appali Jians and Bloomberg dot Com.

871
00:49:05,560 --> 00:49:07,799
Speaker 1: By downloading the Bloomberg Business app. You can also find

872
00:49:07,840 --> 00:49:09,880
Speaker 1: me on radio dot com, I Heart Radio and Spotify.

873
00:49:10,200 --> 00:49:12,480
Speaker 1: I'm Kevin Sili. You're listening to Bloomberg NIGHTE NIGHTE love

874
00:49:15,320 --> 00:49:20,080
Speaker 1: Berg Sound On with Kevin sur Relation on Bloomberg and

875
00:49:20,120 --> 00:49:24,320
Speaker 1: one oh five points seven FM HD two. I'm Kevin's

876
00:49:24,360 --> 00:49:27,759
Speaker 1: really chief Washington correspondent for Bloomberg Television and from Bloomberg Radio.

877
00:49:27,800 --> 00:49:32,520
Speaker 1: What are you grateful for? Today? Joining us on the

878
00:49:32,600 --> 00:49:34,879
Speaker 1: line for tell me what they're grateful for? Why don't

879
00:49:34,880 --> 00:49:36,080
Speaker 1: we do that? It's my show, right I can do

880
00:49:36,120 --> 00:49:38,920
Speaker 1: what I want kind of Scott Bolden, Democratic strategist, former

881
00:49:39,000 --> 00:49:43,080
Speaker 1: DC Democratic Party chairman and attorney. Bill McGinley, principal at

882
00:49:43,080 --> 00:49:45,439
Speaker 1: the Vocal Group, former White House Cabinet secretary, and former

883
00:49:45,480 --> 00:49:47,960
Speaker 1: Deputy Council at the Republican National Committee, Bill, what are

884
00:49:47,960 --> 00:49:51,839
Speaker 1: you grateful for? Buddy? The Dodgers are playing Game one

885
00:49:51,840 --> 00:49:54,640
Speaker 1: of the National League Championship Series tonight, taken on the

886
00:49:54,640 --> 00:49:59,040
Speaker 1: Atlanta Braves, and there's the potential that they could actually

887
00:49:59,120 --> 00:50:03,919
Speaker 1: play the Houston Astros, who they faced in that got

888
00:50:03,960 --> 00:50:08,360
Speaker 1: pot for the cheating scandal. It would be a great rematch. Scott,

889
00:50:08,400 --> 00:50:12,239
Speaker 1: what are you grateful for? I can't beat that one.

890
00:50:13,080 --> 00:50:16,160
Speaker 1: I'm grateful for the Lakers and the fact that the

891
00:50:16,360 --> 00:50:23,520
Speaker 1: legacy of Kobe Bryant was ever present on the course

892
00:50:25,280 --> 00:50:28,600
Speaker 1: and all right, and you know, it's just a great story,

893
00:50:28,800 --> 00:50:31,440
Speaker 1: even though and the heat is a great story too.

894
00:50:31,719 --> 00:50:35,719
Speaker 1: They fought very hard, and so I'm grateful that they won.

895
00:50:36,160 --> 00:50:38,439
Speaker 1: I could have told you I'm grateful for my dad health.

896
00:50:38,640 --> 00:50:41,000
Speaker 1: Was a retired judge at eighties six years old, but

897
00:50:41,200 --> 00:50:43,040
Speaker 1: I keep him in my prayers all the time. But

898
00:50:43,080 --> 00:50:46,000
Speaker 1: I'm certainly grateful for his health and how he's holding

899
00:50:46,080 --> 00:50:54,800
Speaker 1: on doing some health challenges. I'm thankful for cheese steaks.

900
00:50:56,600 --> 00:51:01,680
Speaker 1: For cheese steaks, cheese steaks. I'm gonna get too deep, right,

901
00:51:01,760 --> 00:51:05,640
Speaker 1: I don't want to get too personal. You know, is

902
00:51:05,640 --> 00:51:12,640
Speaker 1: an average person? No, I should. I should have a

903
00:51:12,760 --> 00:51:16,160
Speaker 1: cheese steak. And well, you can't get a good cheese

904
00:51:16,160 --> 00:51:18,239
Speaker 1: steak in this town. You know what I'm saying. You

905
00:51:18,320 --> 00:51:21,080
Speaker 1: need like, uh, I gotta go back home. Maybe I

906
00:51:21,080 --> 00:51:24,480
Speaker 1: should go back to Philadelphia. Um, okay, time now for

907
00:51:24,600 --> 00:51:26,759
Speaker 1: my favorite part of the show, which is what is

908
00:51:26,840 --> 00:51:29,520
Speaker 1: on I'm actually really thankful for my father who keeps

909
00:51:29,560 --> 00:51:33,120
Speaker 1: me in check. Um okay, what are we going to do?

910
00:51:33,200 --> 00:51:35,200
Speaker 1: It's called what is on your Radar? This is where

911
00:51:35,239 --> 00:51:37,040
Speaker 1: you tell me one thing that is on your radar.

912
00:51:37,080 --> 00:51:38,440
Speaker 1: I've got mine. I've had it all day in my

913
00:51:38,480 --> 00:51:42,200
Speaker 1: show prep Scott, what is on your radar? If you

914
00:51:42,280 --> 00:51:44,960
Speaker 1: had seven million dollars and had to spend it in

915
00:51:45,080 --> 00:51:54,400
Speaker 1: twenty days, could you do it? Yes, I Christie's critching,

916
00:51:54,520 --> 00:51:56,200
Speaker 1: I can spend it. Let me tell you. I'd buy

917
00:51:56,200 --> 00:51:58,439
Speaker 1: a lot of cheese steaks and then where I would

918
00:51:58,480 --> 00:52:01,200
Speaker 1: buy a house at a card Okay, go ahead, Yeah,

919
00:52:01,200 --> 00:52:03,000
Speaker 1: I could totally I win this game all the time.

920
00:52:03,040 --> 00:52:05,439
Speaker 1: If you won the lottery, trust me and the whole list.

921
00:52:05,920 --> 00:52:09,120
Speaker 1: I take care of my mom. Go ahead, Scott, He's

922
00:52:09,160 --> 00:52:11,520
Speaker 1: got fifty seven million and the bank. Graham has been

923
00:52:11,640 --> 00:52:14,400
Speaker 1: begging for money on Fox News and he's got to

924
00:52:14,480 --> 00:52:16,239
Speaker 1: spend it because he doesn't want to have an after

925
00:52:16,400 --> 00:52:18,800
Speaker 1: openber third. He's got twenty days, he's been do it.

926
00:52:19,320 --> 00:52:21,560
Speaker 1: And if he can't beat Graham in a tie race

927
00:52:21,680 --> 00:52:25,080
Speaker 1: with fifty seven million, that he's just not beatable despite

928
00:52:25,120 --> 00:52:28,000
Speaker 1: its hypocrisy and flip poppling and lack of telling the

929
00:52:28,040 --> 00:52:31,680
Speaker 1: truth about COVID and all the other stuff that goes

930
00:52:31,800 --> 00:52:34,959
Speaker 1: with Trump. But can he spend that fifty seven million?

931
00:52:35,040 --> 00:52:37,240
Speaker 1: And Kenny win? We ought to keep that on the radar.

932
00:52:37,560 --> 00:52:39,960
Speaker 1: Isn't it crazy when you actually think about how much

933
00:52:40,000 --> 00:52:42,840
Speaker 1: money the Republicans and Democrats are fighting over for fiscal

934
00:52:42,880 --> 00:52:46,640
Speaker 1: stimulus and then the goal and the goumtion that they

935
00:52:46,719 --> 00:52:49,319
Speaker 1: have to just put their hand out to take money

936
00:52:49,360 --> 00:52:54,560
Speaker 1: from donors to spend on political and both parties, mind you,

937
00:52:54,920 --> 00:52:57,800
Speaker 1: on those text messages that I just get all the time,

938
00:52:58,280 --> 00:52:59,960
Speaker 1: and first of all, they don't even have my name

939
00:53:00,160 --> 00:53:02,680
Speaker 1: right And I'm sitting there and you're like, how much

940
00:53:02,800 --> 00:53:05,600
Speaker 1: money they can't even It's insane. But that's a really

941
00:53:05,640 --> 00:53:07,839
Speaker 1: good one, Scott, when you when you actually think about it, Bill,

942
00:53:07,880 --> 00:53:11,560
Speaker 1: what's on your radar? So? Um, with all of the

943
00:53:11,640 --> 00:53:14,920
Speaker 1: talk about the stimulus aid package and the negotiations going on,

944
00:53:15,440 --> 00:53:18,560
Speaker 1: people are beginning to forget that government funding runs out

945
00:53:18,640 --> 00:53:23,719
Speaker 1: in December and that we could have lane duck session um.

946
00:53:24,000 --> 00:53:28,239
Speaker 1: Not only dealing with stimulus and government funding, but if

947
00:53:28,320 --> 00:53:32,000
Speaker 1: we end up in a very tight presidential election, Um,

948
00:53:32,239 --> 00:53:36,040
Speaker 1: then all of the Electoral College time frames and potential

949
00:53:36,120 --> 00:53:39,600
Speaker 1: contingent elections come into play, and we could have one

950
00:53:39,680 --> 00:53:41,680
Speaker 1: heck of a mess up on Capitol Hill as they

951
00:53:41,719 --> 00:53:45,600
Speaker 1: fight everything out, trying to preserve the economy, trying to

952
00:53:45,680 --> 00:53:48,240
Speaker 1: fight the virus, and also trying to determine who actually

953
00:53:48,280 --> 00:53:52,440
Speaker 1: won the election. This Lane Duck Session is really shaping

954
00:53:52,520 --> 00:53:54,960
Speaker 1: up to be anything but Lane, right. I mean you

955
00:53:55,080 --> 00:53:59,440
Speaker 1: actually think how the markets have recalibrated in recent weeks

956
00:53:59,520 --> 00:54:03,440
Speaker 1: and they're not seeing as much election risk, especially now

957
00:54:03,600 --> 00:54:05,800
Speaker 1: that the Biden has extended his lead in the polls.

958
00:54:05,840 --> 00:54:08,960
Speaker 1: But I still think there's a ton of volatility and unknowns,

959
00:54:09,480 --> 00:54:14,560
Speaker 1: especially uh given the dynamics of the Supreme Court cases. Uh.

960
00:54:14,640 --> 00:54:16,800
Speaker 1: And of course, as you just pointed out, a government shutdown,

961
00:54:16,800 --> 00:54:20,040
Speaker 1: which of course has severe, severe implications in in a

962
00:54:20,120 --> 00:54:24,000
Speaker 1: city like like Washington, d c um, where so many

963
00:54:24,120 --> 00:54:28,120
Speaker 1: people government employees have already been thrown into the to

964
00:54:28,280 --> 00:54:31,600
Speaker 1: the fire with uncertainty surrounding. You know what what this is,

965
00:54:31,640 --> 00:54:34,120
Speaker 1: which is an industry town. Okay, let's go geo political

966
00:54:34,120 --> 00:54:36,480
Speaker 1: for a second. This is what's on my radar. Um.

967
00:54:36,640 --> 00:54:39,600
Speaker 1: I saw this on the Bloomberg terminal earlier today. Quote.

968
00:54:39,719 --> 00:54:43,160
Speaker 1: In a quiet experiment of just two weeks, China provided

969
00:54:43,280 --> 00:54:47,400
Speaker 1: millions of people access to long forbidden foreign websites like

970
00:54:47,560 --> 00:54:51,120
Speaker 1: YouTube and Instagram. The trial appears to signal the communist

971
00:54:51,160 --> 00:54:54,400
Speaker 1: government is moving toward giving the country citizens greater access

972
00:54:54,480 --> 00:54:57,560
Speaker 1: to the global Internet, while still attempting to control who

973
00:54:57,640 --> 00:55:00,880
Speaker 1: sees what. The tuber browser, which is backed by the

974
00:55:00,960 --> 00:55:05,600
Speaker 1: government linked three sixty security technology, appeared without fanfare late

975
00:55:05,640 --> 00:55:08,239
Speaker 1: September and offered for the first time in years, a

976
00:55:08,360 --> 00:55:12,240
Speaker 1: way to view long band websites from Facebook to Google

977
00:55:12,440 --> 00:55:16,640
Speaker 1: and get this the New York Times, albeit sanitized version.

978
00:55:16,800 --> 00:55:18,480
Speaker 1: So Santita, what does that mean? I mean? I guess

979
00:55:18,480 --> 00:55:21,200
Speaker 1: they blocked things out. Chinese users rejoiced in a new

980
00:55:21,280 --> 00:55:25,240
Speaker 1: foundability to directly pursue long blocked content from a mobile

981
00:55:25,280 --> 00:55:29,840
Speaker 1: browser without an illegal virtual private network or VPS. It

982
00:55:29,960 --> 00:55:32,840
Speaker 1: really is remarkable Scott when you when you think of

983
00:55:32,960 --> 00:55:35,720
Speaker 1: just how the United States said to bend over backward

984
00:55:35,760 --> 00:55:38,560
Speaker 1: in order to try to get access to China. But

985
00:55:38,760 --> 00:55:41,400
Speaker 1: meanwhile they just come over here and there, you know,

986
00:55:41,520 --> 00:55:45,640
Speaker 1: TikTok and whatever else and and do whatever they want. Yeah,

987
00:55:45,760 --> 00:55:49,880
Speaker 1: and obviously it's a it's a great line of demarcation

988
00:55:50,160 --> 00:55:54,920
Speaker 1: between our democracy and China's communist state, and yet they

989
00:55:54,960 --> 00:55:57,040
Speaker 1: seem they want to have it both ways. They want

990
00:55:57,320 --> 00:56:00,760
Speaker 1: they want access to our market and on the internet,

991
00:56:00,880 --> 00:56:04,320
Speaker 1: but then they certainly limit our access to them, including

992
00:56:04,400 --> 00:56:07,200
Speaker 1: shaking down many of our top companies and taking an

993
00:56:07,239 --> 00:56:10,480
Speaker 1: ownership interest in some of our companies just to operate

994
00:56:10,840 --> 00:56:14,200
Speaker 1: let alone, for example, for a law firm to operate there.

995
00:56:14,280 --> 00:56:17,359
Speaker 1: It's really really interesting, and the one thing that Trump

996
00:56:17,480 --> 00:56:20,360
Speaker 1: did not do is really get to the bottom of

997
00:56:20,440 --> 00:56:25,440
Speaker 1: addressing that very issue in the China trade wars. Can

998
00:56:25,520 --> 00:56:27,040
Speaker 1: come in here though we got like a minute left,

999
00:56:27,080 --> 00:56:32,200
Speaker 1: go ahead, Yeah, did the Uh My question is did

1000
00:56:32,239 --> 00:56:36,320
Speaker 1: the article address whether the Chinese. Uh, citizens who access

1001
00:56:36,440 --> 00:56:39,000
Speaker 1: the foreign website? Is that can a factor into their

1002
00:56:39,080 --> 00:56:43,840
Speaker 1: social scoring? Remember China did the aecial scoring and that

1003
00:56:43,960 --> 00:56:46,800
Speaker 1: impacts your ability where you live, how you can travel,

1004
00:56:46,920 --> 00:56:49,880
Speaker 1: what you can do. And they are they just temporarily

1005
00:56:49,960 --> 00:56:54,120
Speaker 1: taking it down to see who's interested in Western Uh thought? Uh?

1006
00:56:57,200 --> 00:56:59,640
Speaker 1: Could they don't understand how they can say that there

1007
00:56:59,760 --> 00:57:01,680
Speaker 1: you can allow access to the New York Times, but

1008
00:57:02,080 --> 00:57:04,840
Speaker 1: a sanitized version. I don't know what a sanitized version is.

1009
00:57:04,920 --> 00:57:07,640
Speaker 1: I mean, there's only there's free speech and there's everything else.

1010
00:57:07,840 --> 00:57:09,960
Speaker 1: Either you either have free speech or you don't, you know,

1011
00:57:10,040 --> 00:57:12,360
Speaker 1: I mean, I guess, I guess. I'm from Delco, so

1012
00:57:12,440 --> 00:57:14,960
Speaker 1: I guess it's just a little simple. But well, look

1013
00:57:15,000 --> 00:57:19,480
Speaker 1: at the NBA and the issue that they had with China, right, Um,

1014
00:57:20,240 --> 00:57:22,680
Speaker 1: it's you know a lot of a lot of American

1015
00:57:22,760 --> 00:57:24,720
Speaker 1: companies in the number of you know, some people like

1016
00:57:24,800 --> 00:57:27,000
Speaker 1: the NBA. You know, are we gonna stand toll on

1017
00:57:27,080 --> 00:57:29,920
Speaker 1: principles or free speech and freedom? Um or we're just

1018
00:57:30,000 --> 00:57:32,600
Speaker 1: gonna couch out of what the CCP says in order

1019
00:57:32,640 --> 00:57:34,560
Speaker 1: to gain access to their markets. I mean, it really

1020
00:57:34,720 --> 00:57:37,480
Speaker 1: is kind of a foundational issue. Look at me, do

1021
00:57:37,520 --> 00:57:43,080
Speaker 1: you dread that, Scott. Yeah, it certainly is them to agree,

1022
00:57:43,120 --> 00:57:48,800
Speaker 1: and Scott, you gotta leave it there. Smocratic strategies formber GC,

1023
00:57:49,040 --> 00:57:52,960
Speaker 1: Democratic Party chairman and attorney Bill McGinley, principle at the

1024
00:57:53,040 --> 00:57:55,080
Speaker 1: Vocal Group, and of course the former Deputy Council of

1025
00:57:55,120 --> 00:57:57,400
Speaker 1: the Republican National Committee. I got them to agree. See

1026
00:57:57,440 --> 00:57:59,800
Speaker 1: look at me bringing people together. I'm Kevin s Really.

1027
00:58:00,040 --> 00:58:01,560
Speaker 1: When I was a kid, my dad would have me

1028
00:58:01,640 --> 00:58:04,560
Speaker 1: stand over the stove. He would have chip steak from Acne,

1029
00:58:04,640 --> 00:58:06,640
Speaker 1: which I guess is like a not a d C,

1030
00:58:06,920 --> 00:58:08,720
Speaker 1: D M V trend, and I would chop it up

1031
00:58:08,800 --> 00:58:12,080
Speaker 1: and I would make my own cheesesteaks. I can make

1032
00:58:12,120 --> 00:58:14,320
Speaker 1: my own cheesteaks. I'm Kevin Siley. You're listening, Woomberg