1 00:00:02,640 --> 00:00:06,880 Speaker 1: Live from our nation's capital. This is Bloomberg Sound On. 2 00:00:08,000 --> 00:00:11,039 Speaker 1: When you have such a slim majority, it means that 3 00:00:11,080 --> 00:00:14,480 Speaker 1: there's going to be compromises. One way to draw more 4 00:00:14,600 --> 00:00:17,560 Speaker 1: people into the workforce and to draw them in productively 5 00:00:17,800 --> 00:00:21,880 Speaker 1: is to pay them a higher way. Schloomberg Sound On, Politics, Policy, 6 00:00:21,920 --> 00:00:26,079 Speaker 1: and Perspective from DC's top Name. Inflation is running much 7 00:00:26,160 --> 00:00:29,520 Speaker 1: higher than the Fed projected, and there is a monitoring 8 00:00:29,600 --> 00:00:32,640 Speaker 1: system that many big corporations are really contemplating is to 9 00:00:32,720 --> 00:00:34,760 Speaker 1: sort of how do we keep the employees that are 10 00:00:34,800 --> 00:00:40,160 Speaker 1: inside healthy. Schloomberg Sound On with Joe Matthew on Bloomberg 11 00:00:40,240 --> 00:00:45,680 Speaker 1: Radio Live from Washington, where COVID is dominating the conversation 12 00:00:45,920 --> 00:00:48,159 Speaker 1: once again, even on the eve here of an important 13 00:00:48,200 --> 00:00:52,120 Speaker 1: vote on infrastructure, following news of breakthrough cases on both 14 00:00:52,200 --> 00:00:54,720 Speaker 1: ends of Pennsylvania Avenue. We're gonna talk about it next 15 00:00:54,760 --> 00:00:58,200 Speaker 1: with Bloomberg White House correspondent Jordan Fabian, and we'll hear 16 00:00:58,240 --> 00:01:01,920 Speaker 1: from Senator Marsha Blackburn, publican from Tennessee about this and 17 00:01:02,280 --> 00:01:05,880 Speaker 1: rising tensions with China, which she calls now part of 18 00:01:05,880 --> 00:01:09,679 Speaker 1: the new axis of evil. Later, we'll talk with Bloomberg 19 00:01:09,720 --> 00:01:12,800 Speaker 1: political contributors Genie She and Zano and Rick Davis. We 20 00:01:12,880 --> 00:01:16,760 Speaker 1: leave this Tuesday, this Tuesday edition of Bloomberg Sound On 21 00:01:16,800 --> 00:01:19,920 Speaker 1: with new worries about COVID after it was revealed that 22 00:01:20,000 --> 00:01:23,160 Speaker 1: a White House official and a senior spokesperson for Speaker 23 00:01:23,280 --> 00:01:27,360 Speaker 1: Nancy Pelosi have tested positive for the virus, even though 24 00:01:27,400 --> 00:01:31,919 Speaker 1: both had been fully vaccinated. White House Press Secretary Jensaki 25 00:01:31,959 --> 00:01:36,360 Speaker 1: did not name the administration official because, as she explained, 26 00:01:36,360 --> 00:01:39,960 Speaker 1: this person was not high enough ranking. I think there's 27 00:01:40,040 --> 00:01:42,280 Speaker 1: hundreds thousands of people who work in the federal government, 28 00:01:42,280 --> 00:01:44,240 Speaker 1: as you all know, and we had committed during the 29 00:01:44,240 --> 00:01:47,480 Speaker 1: transition that if it was a commissioned officer, which who 30 00:01:47,480 --> 00:01:49,840 Speaker 1: are the highest level ranking people in the White House 31 00:01:49,880 --> 00:01:52,960 Speaker 1: and in the admin in this building here, that we 32 00:01:53,000 --> 00:01:56,360 Speaker 1: would make that information publicly available. We stand by that commitment, 33 00:01:56,440 --> 00:01:58,280 Speaker 1: and she says that person, by the way, had no 34 00:01:58,360 --> 00:02:00,960 Speaker 1: contact with the President. And we're joined in our Washington 35 00:02:01,040 --> 00:02:04,320 Speaker 1: studio today by Bloomberg White House correspondent Jordan Fabian. Welcome. 36 00:02:04,400 --> 00:02:06,720 Speaker 1: Jordan's great to have you. Thanks for having me, Joe. So, 37 00:02:06,960 --> 00:02:09,840 Speaker 1: Jen Psaki made clear this was not the first breakthrough 38 00:02:09,919 --> 00:02:12,720 Speaker 1: case we've seen at the White House. To be clear, though, 39 00:02:12,800 --> 00:02:15,360 Speaker 1: as well the testing regiment. And you've gone through this, 40 00:02:16,040 --> 00:02:18,840 Speaker 1: having sat through many briefings and been in the White 41 00:02:18,840 --> 00:02:21,560 Speaker 1: House pool and been in close proximity to the president, 42 00:02:21,600 --> 00:02:25,079 Speaker 1: the testing regiment on campus has been quite strict. That's right. 43 00:02:25,360 --> 00:02:28,400 Speaker 1: If any reporter who wants to be in the pool, 44 00:02:28,440 --> 00:02:31,280 Speaker 1: which is the very small group of reporters that's hanging 45 00:02:31,280 --> 00:02:34,120 Speaker 1: around the president all day, has to be tested after 46 00:02:34,160 --> 00:02:36,799 Speaker 1: they get in the building, even before, even if you're 47 00:02:36,880 --> 00:02:39,400 Speaker 1: vaccinated before you get in into the building, I should say. 48 00:02:39,639 --> 00:02:42,919 Speaker 1: Jen Saki said that White House staff are generally tested 49 00:02:43,160 --> 00:02:45,440 Speaker 1: at least once or twice a week, depending on how 50 00:02:45,480 --> 00:02:48,480 Speaker 1: often they're seeing the president, and the President himself is 51 00:02:48,520 --> 00:02:51,960 Speaker 1: being tested once every other week or so. That being said, 52 00:02:52,080 --> 00:02:55,160 Speaker 1: we're seeing this anecdotal evidence that the vaccines might not 53 00:02:55,280 --> 00:02:58,600 Speaker 1: have a strong protection against this delta variant as may 54 00:02:58,600 --> 00:03:01,240 Speaker 1: have thought originally. You wonder where this is going here, 55 00:03:01,320 --> 00:03:03,560 Speaker 1: if it's going to lead to any new policy at 56 00:03:03,600 --> 00:03:06,960 Speaker 1: the White House. Sake today said that wouldn't be happening yet. Right, 57 00:03:06,960 --> 00:03:08,720 Speaker 1: if you're vaccinated, you do not need to wear a 58 00:03:08,760 --> 00:03:12,360 Speaker 1: mask if you're in the mansion, that's right. The Jen's 59 00:03:12,400 --> 00:03:14,399 Speaker 1: ACCU made it clear that the White House isn't going 60 00:03:14,440 --> 00:03:17,400 Speaker 1: to change its own safety measures, nor are they going 61 00:03:17,440 --> 00:03:21,960 Speaker 1: to recommend new mass guidance or social distancing guidelines for 62 00:03:22,000 --> 00:03:25,040 Speaker 1: the broader public. But the White House is still re 63 00:03:25,200 --> 00:03:28,480 Speaker 1: upping its demand or it's it's it's request that more 64 00:03:28,520 --> 00:03:31,079 Speaker 1: Americans get vaccinated, because you know, I think a lot 65 00:03:31,120 --> 00:03:34,480 Speaker 1: of people will think, well, these people were vaccinated, they 66 00:03:34,520 --> 00:03:37,200 Speaker 1: got the virus, why should I get vaccinated? But the 67 00:03:37,280 --> 00:03:41,720 Speaker 1: studies still show that it's very effective at preventing hospitalizations 68 00:03:41,760 --> 00:03:44,320 Speaker 1: and deaths, and that's something the White House wants to 69 00:03:44,400 --> 00:03:48,760 Speaker 1: avoid desperately. So they're again, they're really using this opportunity 70 00:03:48,800 --> 00:03:51,360 Speaker 1: to encourage more and more people to get vaccinated. Pretty 71 00:03:51,360 --> 00:03:53,360 Speaker 1: interesting to hear her say that there have been others. 72 00:03:53,720 --> 00:03:56,600 Speaker 1: We actually don't know how many breakthrough cases there have 73 00:03:56,680 --> 00:03:58,760 Speaker 1: been at the White House. Is that right? That's right? 74 00:03:58,840 --> 00:04:02,800 Speaker 1: She She tod today that they're having several breakthrough cases 75 00:04:02,840 --> 00:04:05,400 Speaker 1: in addition to this one that was disclosed today. So 76 00:04:05,440 --> 00:04:07,400 Speaker 1: why does it matter what rank it is that does 77 00:04:07,440 --> 00:04:09,680 Speaker 1: that indicate their proximity to the president if you're not 78 00:04:09,880 --> 00:04:13,000 Speaker 1: an officer of the White House? Usually yes, yeah, those 79 00:04:13,040 --> 00:04:16,479 Speaker 1: commissioned officers and the most senior administration officials, and those 80 00:04:16,480 --> 00:04:19,279 Speaker 1: tend to be the people who are around the president 81 00:04:19,360 --> 00:04:23,080 Speaker 1: the most. And and so I think that's their calculation 82 00:04:23,080 --> 00:04:25,240 Speaker 1: they've made that they don't want to disclose let's say 83 00:04:25,240 --> 00:04:27,279 Speaker 1: a junior staff or who might be twenty three and 84 00:04:27,360 --> 00:04:31,240 Speaker 1: not really around the president. Uh, they don't want to 85 00:04:31,440 --> 00:04:35,080 Speaker 1: necessarily give their name publicly when they test positive. As 86 00:04:35,120 --> 00:04:37,719 Speaker 1: we spend time with Jordan Fabian, part of Bloomberg's White 87 00:04:37,760 --> 00:04:41,839 Speaker 1: House team, I spoke today with Senator Marcia Blackburn, Republican 88 00:04:41,880 --> 00:04:46,320 Speaker 1: from Tennessee Jordan about a number of issues, including this one. 89 00:04:47,520 --> 00:04:52,320 Speaker 1: Her thoughts on COVID and specifically vaccines. With the vaccination 90 00:04:52,400 --> 00:04:56,960 Speaker 1: rate in tennessee below, and we're seeing the increase in hospitalizations. 91 00:04:57,680 --> 00:04:59,200 Speaker 1: I know you're not a fan of some of the 92 00:04:59,200 --> 00:05:02,320 Speaker 1: White House strategy US, for instance, door to door surge teams. 93 00:05:02,680 --> 00:05:05,880 Speaker 1: What should we do to increase that rate? Then people 94 00:05:05,920 --> 00:05:10,000 Speaker 1: should be talking to their physician. And I do not 95 00:05:10,160 --> 00:05:13,200 Speaker 1: think we should be in a position of mandating a vaccine. 96 00:05:13,279 --> 00:05:18,039 Speaker 1: I've been vaccinated. Uh, most of my family members have 97 00:05:18,160 --> 00:05:21,279 Speaker 1: been vaccinated. But here is the thing. You want to 98 00:05:21,320 --> 00:05:25,159 Speaker 1: make it their choice, and you want people to talk 99 00:05:25,240 --> 00:05:28,560 Speaker 1: to their physician. I do believe that one of the 100 00:05:28,640 --> 00:05:33,479 Speaker 1: things that has hurt this process is you had the 101 00:05:33,520 --> 00:05:38,080 Speaker 1: current president and vice president really speaking out against the 102 00:05:38,160 --> 00:05:42,600 Speaker 1: vaccine and against the utilization of the vaccine when President 103 00:05:42,640 --> 00:05:46,000 Speaker 1: Trump was in the office, and now they're doing a flip. 104 00:05:46,160 --> 00:05:47,919 Speaker 1: It would be helpful if they were to say, you 105 00:05:47,960 --> 00:05:49,960 Speaker 1: know what, we were wrong, We ought not to have 106 00:05:50,000 --> 00:05:52,680 Speaker 1: done that. I'm not familiar with that. What did they 107 00:05:52,680 --> 00:05:56,000 Speaker 1: say against the vaccine, Well, you had the current vice 108 00:05:56,040 --> 00:05:58,800 Speaker 1: president say she wouldn't take it if it was a 109 00:05:58,880 --> 00:06:03,080 Speaker 1: vaccine that had come from Trump, and that was about 110 00:06:03,080 --> 00:06:05,400 Speaker 1: the whole branding issue. But but do you want to 111 00:06:05,400 --> 00:06:07,720 Speaker 1: see that rate go up in Tennessee? We would love 112 00:06:07,760 --> 00:06:11,159 Speaker 1: to see the rate go up for those that a 113 00:06:11,279 --> 00:06:15,080 Speaker 1: physician says they should take that vaccine. So that is 114 00:06:15,160 --> 00:06:18,560 Speaker 1: interesting to me. Senator Blackburn again from Tennessee. Jordans have 115 00:06:18,600 --> 00:06:21,800 Speaker 1: the talking points changed from Sean Hannity last night on 116 00:06:21,880 --> 00:06:25,040 Speaker 1: Fox Blackburn today, as you just heard here speaking to 117 00:06:25,080 --> 00:06:29,640 Speaker 1: Bloomberg and many others are are are instead of questioning 118 00:06:29,760 --> 00:06:33,080 Speaker 1: the efficacy or the mandate or whatever they're saying, go 119 00:06:33,200 --> 00:06:35,159 Speaker 1: see your doctor, sit down with some man you trust, 120 00:06:35,160 --> 00:06:38,000 Speaker 1: make the decision. It seems there's a slight shift there, 121 00:06:38,120 --> 00:06:41,200 Speaker 1: as this delta variant has crept up and become the 122 00:06:41,240 --> 00:06:43,880 Speaker 1: dominant variant here in the United States. I'll also point 123 00:06:43,880 --> 00:06:47,280 Speaker 1: out that Steve Scalise, a Number two House Republican who 124 00:06:47,320 --> 00:06:51,400 Speaker 1: previously had not been vaccinated, actually got vaccinated. He got 125 00:06:51,440 --> 00:06:53,440 Speaker 1: his first shot over the weekend. There was an article 126 00:06:53,680 --> 00:06:56,880 Speaker 1: in the New Orleans newspaper. He's from Louisiana, and you know, 127 00:06:56,920 --> 00:07:00,920 Speaker 1: he had this photo of him getting vaccinated in the paper. 128 00:07:01,040 --> 00:07:04,240 Speaker 1: And a lot of people, a lot of public health experts, 129 00:07:04,279 --> 00:07:07,000 Speaker 1: they believe that it's going to take people that you 130 00:07:07,040 --> 00:07:09,800 Speaker 1: trust to convince you to get vaccinated, and so somebody 131 00:07:09,840 --> 00:07:12,520 Speaker 1: like that on the Republican side doing that, uh, you know, 132 00:07:12,640 --> 00:07:14,880 Speaker 1: might help. I will point out that one person we 133 00:07:14,920 --> 00:07:17,760 Speaker 1: haven't seen get vaccinated in public on that side of 134 00:07:17,760 --> 00:07:20,600 Speaker 1: the aisle is Donald Trump. He decided not to do that, 135 00:07:20,720 --> 00:07:23,840 Speaker 1: and and there's a lot of questions about whether that 136 00:07:23,880 --> 00:07:26,240 Speaker 1: would have improved the image of the vaccines on that 137 00:07:26,280 --> 00:07:27,880 Speaker 1: side of the aisle if he had done so. I 138 00:07:27,920 --> 00:07:30,760 Speaker 1: spoke with Senator Blackburn as well about the China cyber 139 00:07:30,840 --> 00:07:33,560 Speaker 1: hacking allegations. We didn't hear any update from the White 140 00:07:33,560 --> 00:07:36,240 Speaker 1: House on that today, right, Yeah, no new developments there 141 00:07:36,320 --> 00:07:38,760 Speaker 1: from from today, although we do know the President was 142 00:07:38,840 --> 00:07:41,320 Speaker 1: briefed on it this morning, so there's more to follow. 143 00:07:41,360 --> 00:07:43,960 Speaker 1: Let's hear from Senator Blackburn on this. She's not mincing 144 00:07:43,960 --> 00:07:47,520 Speaker 1: words on China. I asked her what the appropriate response 145 00:07:47,560 --> 00:07:51,080 Speaker 1: to this should be. First of all, we need a 146 00:07:51,120 --> 00:07:53,720 Speaker 1: precedent that is going to be tough on what I 147 00:07:53,800 --> 00:07:57,840 Speaker 1: call the new axis of evil, which is China, Russia, 148 00:07:57,960 --> 00:08:02,000 Speaker 1: Iran in North Korea. And what we see more often 149 00:08:02,000 --> 00:08:05,200 Speaker 1: than not is that they have a tendency to work 150 00:08:05,240 --> 00:08:09,840 Speaker 1: together and they do not wish us well. These are 151 00:08:10,000 --> 00:08:15,000 Speaker 1: four countries that are our enemies. Second, you need to 152 00:08:15,040 --> 00:08:18,320 Speaker 1: make certain that we do not go back into a 153 00:08:18,960 --> 00:08:23,920 Speaker 1: new Iran nuclear deal, because that sends a message that 154 00:08:24,040 --> 00:08:26,960 Speaker 1: we're going to lessen sanctions and we're not going to 155 00:08:27,040 --> 00:08:30,800 Speaker 1: be tough on bad actors. Third, we need to realize 156 00:08:30,840 --> 00:08:34,760 Speaker 1: that China is intent on global domination by the time 157 00:08:34,760 --> 00:08:38,120 Speaker 1: we get to the middle point of this century. It 158 00:08:38,280 --> 00:08:41,120 Speaker 1: is all part of their hundred year marathon. Are we 159 00:08:41,160 --> 00:08:44,440 Speaker 1: in a cold war with China? Now? We are in 160 00:08:44,480 --> 00:08:46,920 Speaker 1: a position with China where we have to admit that 161 00:08:47,000 --> 00:08:49,880 Speaker 1: they are an enemy. They are not a friend. We 162 00:08:50,040 --> 00:08:54,320 Speaker 1: are pushing against them with great power competition. We look 163 00:08:54,360 --> 00:08:56,679 Speaker 1: at what they're doing with building out a blue water 164 00:08:56,800 --> 00:09:00,800 Speaker 1: Navy and trying to use their Belt and Road initiative 165 00:09:01,080 --> 00:09:05,320 Speaker 1: to establish ports around the globe, and then, as they've 166 00:09:05,360 --> 00:09:09,920 Speaker 1: done in Djibouti, turned those ports into a military post. 167 00:09:10,480 --> 00:09:14,040 Speaker 1: And because of this, we need to be very aggressive 168 00:09:14,480 --> 00:09:19,120 Speaker 1: and how we bolster our cyber protections, how we focus 169 00:09:19,160 --> 00:09:23,200 Speaker 1: on cybersecurity, how we look at the maintenance and build 170 00:09:23,320 --> 00:09:26,680 Speaker 1: up of our armed forces, whether it's our Navy, whether 171 00:09:26,760 --> 00:09:29,440 Speaker 1: it's our Air Force, or new to the table, our 172 00:09:29,520 --> 00:09:32,000 Speaker 1: Space force. Is this why then you're calling on the 173 00:09:32,040 --> 00:09:35,680 Speaker 1: Olympic Committee to essentially boycott what appears to be a 174 00:09:35,720 --> 00:09:40,080 Speaker 1: state cryptocurrency coming from not the Olympics now but in 175 00:09:40,160 --> 00:09:43,679 Speaker 1: two years from now. Yes, exactly. This is the digital 176 00:09:43,800 --> 00:09:47,679 Speaker 1: you want, and what China is doing is trying to 177 00:09:47,760 --> 00:09:51,640 Speaker 1: incentivize people with free money if you will download the 178 00:09:51,640 --> 00:09:55,720 Speaker 1: app that allows the digital you want and use this. 179 00:09:55,920 --> 00:09:58,480 Speaker 1: We know that there are twenty one million people that 180 00:09:58,520 --> 00:10:01,680 Speaker 1: have already downloaded the US and have seventy one million 181 00:10:01,720 --> 00:10:06,560 Speaker 1: transactions on it. Here's the bad thing. China will embed 182 00:10:06,640 --> 00:10:11,000 Speaker 1: spyware into their hardware and their software. Once they have 183 00:10:11,160 --> 00:10:14,800 Speaker 1: embedded that spyware and they are into your system, they're 184 00:10:14,840 --> 00:10:18,080 Speaker 1: going to be in that system from now on. Well, 185 00:10:18,160 --> 00:10:23,120 Speaker 1: this is about data protection. Yes, it is about cryptocurrency domination, 186 00:10:23,400 --> 00:10:27,839 Speaker 1: that's correct. This is about protecting our athletes, our journalists, 187 00:10:27,840 --> 00:10:31,679 Speaker 1: our attendees that go to China and look at what 188 00:10:31,880 --> 00:10:36,640 Speaker 1: happened with we chat and President Trump ended up blocking them. 189 00:10:36,679 --> 00:10:40,960 Speaker 1: Of course President Biden revoked that and freed them up. 190 00:10:41,640 --> 00:10:45,800 Speaker 1: But we know that with Huawei, China is trying to 191 00:10:45,840 --> 00:10:49,439 Speaker 1: build out a spy network where they build a virtual you. 192 00:10:50,240 --> 00:10:53,080 Speaker 1: Once they get into your network, then they feel like 193 00:10:53,160 --> 00:10:57,200 Speaker 1: they own you. So what we're saying to our athletes, 194 00:10:57,240 --> 00:11:02,679 Speaker 1: our journalists, those that attend you need to not participate 195 00:11:03,120 --> 00:11:07,000 Speaker 1: in this digital you want. Now what China wants to 196 00:11:07,040 --> 00:11:10,160 Speaker 1: do is roll it out through the Olympics. Say that 197 00:11:10,280 --> 00:11:14,640 Speaker 1: it is a great cross border currency. Get other people 198 00:11:14,760 --> 00:11:17,959 Speaker 1: pegging to the yuan instead of pegging to the dollar. 199 00:11:19,400 --> 00:11:23,920 Speaker 1: Senator Marshall Blackburn, Republican from Tennessee, speaking with me today 200 00:11:24,080 --> 00:11:26,720 Speaker 1: on Capitol Hill, and we'll be hearing a bit more 201 00:11:26,760 --> 00:11:31,720 Speaker 1: from her later on infrastructure. Senator Blackburn telling Bloomberg today 202 00:11:31,760 --> 00:11:35,000 Speaker 1: that she thinks infrastructure is dead. Of course, we've got 203 00:11:35,000 --> 00:11:37,400 Speaker 1: a big vote on that set for tomorrow. We'll be 204 00:11:37,440 --> 00:11:40,320 Speaker 1: talking more about that later on with the panel coming up. 205 00:11:40,320 --> 00:11:43,040 Speaker 1: America stopped for a moment this morning to watch Jeff 206 00:11:43,080 --> 00:11:46,120 Speaker 1: Bezos launched into space, and Bloomberg was the first to 207 00:11:46,200 --> 00:11:50,360 Speaker 1: speak with Bezos after he touchdown first atmosphere it's so 208 00:11:50,400 --> 00:11:53,320 Speaker 1: big we live in it. It seems gigantic, but when 209 00:11:53,320 --> 00:11:55,120 Speaker 1: you get up there you see that it's actually this 210 00:11:55,280 --> 00:11:58,480 Speaker 1: teensy little thing that we need to protect. So I 211 00:11:58,520 --> 00:12:01,240 Speaker 1: don't know. For me, it was definitely incredible. It's next. 212 00:12:01,320 --> 00:12:06,520 Speaker 1: I'm Joe Matthew. This is Bloomberg. This is Bloomberg. Sound 213 00:12:06,559 --> 00:12:12,040 Speaker 1: on with Joe Matthew on Bloomberg Radio. Thanks for spending 214 00:12:12,040 --> 00:12:14,800 Speaker 1: part of you Tuesday with us. What did you do 215 00:12:14,880 --> 00:12:17,600 Speaker 1: this morning? Our eyes were glued to the screen here 216 00:12:17,640 --> 00:12:22,280 Speaker 1: in the Washington Bureau right around nine eastern five four 217 00:12:22,559 --> 00:12:34,520 Speaker 1: command and start to one. There they go sound from 218 00:12:34,600 --> 00:12:39,960 Speaker 1: Van Horn, Texas, where Jeff Bezos was shot into space 219 00:12:40,880 --> 00:12:50,439 Speaker 1: along with his now famous crew human crew Jeff Mary 220 00:12:51,880 --> 00:12:56,480 Speaker 1: and they did. After Bezos and company landed safely in 221 00:12:56,520 --> 00:13:02,320 Speaker 1: West Texas, he spoke first with Bloomberg's Emily Chang. Welcome 222 00:13:02,320 --> 00:13:08,120 Speaker 1: back to Earth. How do you feel? Oh? My goodness? Wow? 223 00:13:08,720 --> 00:13:12,320 Speaker 1: I mean wow, this is your first interview since landing. 224 00:13:12,920 --> 00:13:15,880 Speaker 1: We all want to know the reality of seeing the 225 00:13:15,880 --> 00:13:20,760 Speaker 1: Earth from above? Did it live up to the dream beyond? Honestly, 226 00:13:21,040 --> 00:13:23,400 Speaker 1: I'm not talented enough to describe this in words. I 227 00:13:23,440 --> 00:13:26,240 Speaker 1: can't figure it out. It was much more than I expected. 228 00:13:26,320 --> 00:13:28,760 Speaker 1: It's all inspiring. It's just I don't know. Do you 229 00:13:28,760 --> 00:13:31,200 Speaker 1: have words? I don't have words. It was it was 230 00:13:31,400 --> 00:13:33,520 Speaker 1: truly It's one of the most beautiful sites I've ever seen. 231 00:13:33,720 --> 00:13:35,960 Speaker 1: So now that you're here, now that you've accomplished this, 232 00:13:36,040 --> 00:13:38,600 Speaker 1: what's blues next move? How does this fit into the 233 00:13:38,760 --> 00:13:41,560 Speaker 1: long term vision? Well, the long term vision, we're building 234 00:13:41,559 --> 00:13:44,839 Speaker 1: an orbital vehicle called New Glinn And this vehicle we 235 00:13:44,920 --> 00:13:47,560 Speaker 1: just flew, New Shepherd is our subword world tourism vehicle. 236 00:13:47,559 --> 00:13:49,200 Speaker 1: So we're gonna find that over and over and over 237 00:13:49,240 --> 00:13:51,680 Speaker 1: and every time we fly it. It's practiced for the 238 00:13:51,760 --> 00:13:54,640 Speaker 1: orbital mission, and it gives people a chance to see 239 00:13:54,679 --> 00:13:58,360 Speaker 1: what we just saw, which is this fragile, beautiful earth 240 00:13:58,400 --> 00:14:00,480 Speaker 1: that you can't imagine people can you about it? But 241 00:14:00,559 --> 00:14:02,720 Speaker 1: until you see with your own eyes. I don't know, 242 00:14:02,760 --> 00:14:04,400 Speaker 1: Maybe we need to send a poet up or something, 243 00:14:04,520 --> 00:14:06,800 Speaker 1: somebody who would be better at describing it. What I 244 00:14:06,840 --> 00:14:09,840 Speaker 1: can tell you is that it's it's just this thing 245 00:14:09,880 --> 00:14:11,679 Speaker 1: that you can't tell you. You can see that it's 246 00:14:11,720 --> 00:14:16,240 Speaker 1: just one place. There's no boundaries, no national lines, nothing, 247 00:14:16,240 --> 00:14:18,920 Speaker 1: that the atmosphere. We see this thing, it's Earth's atmosphere. 248 00:14:19,320 --> 00:14:21,800 Speaker 1: It's so big we live in it. It seems gigantic. 249 00:14:21,920 --> 00:14:23,960 Speaker 1: But when you get up there, you see that it's 250 00:14:23,960 --> 00:14:26,720 Speaker 1: actually this teency little thing that we need to protect. 251 00:14:27,440 --> 00:14:30,360 Speaker 1: So I don't know. For me, it was definitely incredible. Yeah, 252 00:14:30,480 --> 00:14:32,800 Speaker 1: it was amazing. I was surprised at how easy it 253 00:14:32,880 --> 00:14:35,280 Speaker 1: was to move around into zero G. That was probably 254 00:14:35,280 --> 00:14:38,560 Speaker 1: the most surprising thing. It felt almost normal. It felt like, 255 00:14:38,680 --> 00:14:40,920 Speaker 1: you know, it felt like we were somehow evolved to 256 00:14:40,960 --> 00:14:43,000 Speaker 1: be in zero G. It felt so good. So for 257 00:14:43,040 --> 00:14:44,640 Speaker 1: the people here on Earth who are wondering why are 258 00:14:44,640 --> 00:14:46,920 Speaker 1: we investing all this money in space, this time and space, 259 00:14:46,960 --> 00:14:49,240 Speaker 1: talk to us about how you believe this will actually 260 00:14:49,240 --> 00:14:51,920 Speaker 1: help benefit us here on Earth. Yeah, well, this is 261 00:14:51,960 --> 00:14:54,480 Speaker 1: what we're doing, is we're building infrastruarly. This is a 262 00:14:54,560 --> 00:14:56,800 Speaker 1: road we're building a road to space so that future 263 00:14:56,800 --> 00:15:00,400 Speaker 1: generations can build the future. We live on this beautiful planet. 264 00:15:00,400 --> 00:15:03,040 Speaker 1: It's the most beautiful planet in the Source System by far, 265 00:15:03,720 --> 00:15:06,800 Speaker 1: and we have to keep it safe and protect it. 266 00:15:06,840 --> 00:15:09,360 Speaker 1: And the way to do that is slowly, over decades, 267 00:15:09,440 --> 00:15:13,880 Speaker 1: to move all heavy industry, all polluting industry, out into space. 268 00:15:14,240 --> 00:15:16,240 Speaker 1: That's what we're gonna do so we can keep this 269 00:15:16,280 --> 00:15:18,320 Speaker 1: planet the gym that it is. But to do that, 270 00:15:18,400 --> 00:15:21,720 Speaker 1: we need reusable spacecraft. We need low cost spacecraft. And 271 00:15:21,720 --> 00:15:24,000 Speaker 1: to get that, we've got to practice. And that's what 272 00:15:24,080 --> 00:15:25,960 Speaker 1: this tours and mission is about. We saw your kids 273 00:15:26,000 --> 00:15:27,840 Speaker 1: greet you on the ground. I have four kids. For 274 00:15:27,880 --> 00:15:30,240 Speaker 1: the kids watching, what, how do you want this to 275 00:15:30,320 --> 00:15:34,040 Speaker 1: inspire them? Well, they're gonna you know, kids are they 276 00:15:34,080 --> 00:15:37,720 Speaker 1: are all if every kid has so much potential inside 277 00:15:37,760 --> 00:15:40,960 Speaker 1: of them. And what I hope that what we're doing 278 00:15:41,000 --> 00:15:44,040 Speaker 1: a little bit, and it's it's unlocking that so for 279 00:15:44,160 --> 00:15:47,080 Speaker 1: kids everywhere, if you the way you unlock potential is 280 00:15:47,120 --> 00:15:50,080 Speaker 1: with inspiration. I was inspired as a little boy by 281 00:15:50,160 --> 00:15:53,000 Speaker 1: the Appollo astronauts, and you know, this is the next 282 00:15:53,040 --> 00:15:56,280 Speaker 1: phase of commercial space development, and I hope that inspires 283 00:15:56,280 --> 00:15:59,680 Speaker 1: little kids too. Jeff Bezos and his brother Mark talking 284 00:15:59,680 --> 00:16:02,400 Speaker 1: with Bomberg Emily Chang, and we're joined now by Bloomberg's 285 00:16:02,480 --> 00:16:05,120 Speaker 1: Ed Ludlow, who is part of our team covering the 286 00:16:05,160 --> 00:16:07,640 Speaker 1: launch today. And Ed welcome. I know you've been asked 287 00:16:07,680 --> 00:16:11,520 Speaker 1: many times to somehow freeing the significance of this as 288 00:16:11,560 --> 00:16:14,640 Speaker 1: we reach for some higher meaning. But maybe you can 289 00:16:14,640 --> 00:16:18,000 Speaker 1: compare this achievement with Richard Branson's Virgin Galactic. Does Blue 290 00:16:18,040 --> 00:16:20,920 Speaker 1: Origin have much bigger plans? We just heard Bezos talk 291 00:16:20,960 --> 00:16:25,440 Speaker 1: about the next rocket, New Glenn. Yeah, this has long 292 00:16:25,520 --> 00:16:29,400 Speaker 1: been the goal of Blue Origin to send human beings 293 00:16:29,440 --> 00:16:32,600 Speaker 1: into subobus or space for a few minutes and pay 294 00:16:32,920 --> 00:16:35,720 Speaker 1: fee paying customers at that. But it is the tip 295 00:16:35,800 --> 00:16:39,520 Speaker 1: of the iceberg of their ambition because you know, over 296 00:16:39,560 --> 00:16:43,720 Speaker 1: the years, Blue Origin has fallen behind SpaceX in particular 297 00:16:44,120 --> 00:16:48,240 Speaker 1: and other legacy aerospace players in vying for commercial contracts 298 00:16:48,280 --> 00:16:52,240 Speaker 1: from NASA, from you know, private sector customers, from the 299 00:16:52,280 --> 00:16:55,920 Speaker 1: Pentagon Um and and so you have to frame it 300 00:16:55,960 --> 00:16:58,920 Speaker 1: in that context. Yes, they've done it. You know, they've 301 00:16:58,960 --> 00:17:00,800 Speaker 1: done what they set out to do. They want to 302 00:17:00,840 --> 00:17:05,119 Speaker 1: continue to and and increase the frequency that they're sending 303 00:17:05,160 --> 00:17:08,440 Speaker 1: people into space. Fee paying customers, but there are much 304 00:17:08,440 --> 00:17:11,280 Speaker 1: bigger fish to fry for them. So this will be, 305 00:17:11,600 --> 00:17:14,680 Speaker 1: if I'm understanding you right, not only bringing tourists to space, 306 00:17:14,680 --> 00:17:17,560 Speaker 1: but also working potentially as a government contractor. All our 307 00:17:17,640 --> 00:17:23,160 Speaker 1: SpaceX helping NASA do its job. Yeah, I mean so far, 308 00:17:23,280 --> 00:17:26,200 Speaker 1: Blue Origin with its New Shepherd rocket has actually carried 309 00:17:26,320 --> 00:17:31,439 Speaker 1: some commercial payload. Think you know, scientific experiment sensors, small SATs, 310 00:17:31,480 --> 00:17:35,520 Speaker 1: things like that, but it just doesn't. It's not anywhere 311 00:17:35,560 --> 00:17:38,040 Speaker 1: near the level that space x is. SpaceX is is 312 00:17:38,080 --> 00:17:41,680 Speaker 1: pulling in billions of dollars of revenue just from servicing 313 00:17:41,680 --> 00:17:45,800 Speaker 1: the International Space Station, right, it has big commercial contracts 314 00:17:45,840 --> 00:17:49,000 Speaker 1: to take satellites and put them into orbit. Um Elon 315 00:17:49,080 --> 00:17:51,119 Speaker 1: Musk is already moving on to the next generation of 316 00:17:51,160 --> 00:17:54,159 Speaker 1: his rocket with Starship, and the Blue Origin plan is 317 00:17:54,240 --> 00:17:56,639 Speaker 1: very much the same New Shepherd was the first generation 318 00:17:56,680 --> 00:18:01,159 Speaker 1: of their technology. Today, Bezos was talking about, Actually, the 319 00:18:01,440 --> 00:18:03,760 Speaker 1: new Shepherd booster, the one you saw on your screens 320 00:18:03,760 --> 00:18:07,840 Speaker 1: go into space today, is completely overkill for what's required 321 00:18:07,880 --> 00:18:10,639 Speaker 1: to get people into suborbits or space. But it helps them. 322 00:18:10,680 --> 00:18:13,120 Speaker 1: As as Jeff said in the interview of Emily Prove, 323 00:18:13,200 --> 00:18:16,000 Speaker 1: the technology gather data. So when they moved to the 324 00:18:16,040 --> 00:18:19,160 Speaker 1: next generation of rocket, New Glen, which is a much larger, 325 00:18:19,280 --> 00:18:22,440 Speaker 1: much more powerful rocket, they'll be you know, off to 326 00:18:22,440 --> 00:18:25,239 Speaker 1: to a quicker start. And and to be frank, they 327 00:18:25,280 --> 00:18:28,800 Speaker 1: are very behind schedule. You know, they've really overpromised and underdelivered, 328 00:18:28,960 --> 00:18:31,160 Speaker 1: which is a pretty classic thing in the space industry. 329 00:18:31,359 --> 00:18:34,440 Speaker 1: I guess that that's true. They've joined the club officially 330 00:18:34,440 --> 00:18:36,520 Speaker 1: here at Bloomberg's ad Ludlow, thanks a lot for your 331 00:18:36,560 --> 00:18:39,399 Speaker 1: coverage today, Thanks for being with us on Bloomberg's Sound on. 332 00:18:39,520 --> 00:18:42,959 Speaker 1: There are new signs of relief in the computer chip shortage. 333 00:18:43,280 --> 00:18:46,399 Speaker 1: As we were mentioning, imagine a world in which you 334 00:18:46,400 --> 00:18:48,480 Speaker 1: can buy the car of your choice right off the lot, 335 00:18:48,520 --> 00:18:52,600 Speaker 1: you pick the color, no waitlist. Maybe a washer, maybe 336 00:18:52,600 --> 00:18:55,800 Speaker 1: a fridge. They've all been in short supply because of 337 00:18:55,840 --> 00:18:58,920 Speaker 1: the lack of semiconductors, computer chips. As Charlie was just saying, 338 00:18:58,960 --> 00:19:02,119 Speaker 1: the socks index, they've been going up at least some 339 00:19:02,160 --> 00:19:04,720 Speaker 1: of them on the shortage. And that's why President Biden 340 00:19:04,800 --> 00:19:07,840 Speaker 1: signed an executive order to try to loosen this up, 341 00:19:08,640 --> 00:19:14,320 Speaker 1: reinvigorate supply chains. He assigned the Commerce Secretary, Gina Romando 342 00:19:14,440 --> 00:19:17,560 Speaker 1: to work this out. Remember that old problem for want 343 00:19:17,560 --> 00:19:20,919 Speaker 1: of a nail, the shoe was lost. For want of 344 00:19:20,920 --> 00:19:23,560 Speaker 1: his shoe, the horse was lost. And it goes on 345 00:19:23,640 --> 00:19:27,080 Speaker 1: and on until the kingdom was lost, all for the 346 00:19:27,080 --> 00:19:31,320 Speaker 1: want of a horseshoe. Now, even small failures at one 347 00:19:31,359 --> 00:19:35,119 Speaker 1: point and supply chain can cause outside impacts further up 348 00:19:35,160 --> 00:19:38,359 Speaker 1: to chain. That's the President just a couple of weeks ago, 349 00:19:39,359 --> 00:19:41,639 Speaker 1: as he signed that executive order. And we're joined now 350 00:19:41,680 --> 00:19:46,280 Speaker 1: by Andrew Rosso, attorney and CEO at a R Media Consulting, 351 00:19:46,320 --> 00:19:50,160 Speaker 1: a supply chain expert. Andrew, welcome, Thank you so much 352 00:19:50,200 --> 00:19:51,920 Speaker 1: for having me. It's a pleasure. I guess I'll go 353 00:19:52,000 --> 00:19:54,520 Speaker 1: back to my first question. It means that we can 354 00:19:54,520 --> 00:19:57,760 Speaker 1: actually buy a car soon, you know, as opposed to 355 00:19:57,800 --> 00:20:01,959 Speaker 1: the lemon yellow one that nobody wants. The Commerce Secretary, 356 00:20:02,160 --> 00:20:04,480 Speaker 1: as we're reporting on the terminal, has broken a series 357 00:20:04,480 --> 00:20:09,280 Speaker 1: of meetings between chip manufacturers, their suppliers and their customers, 358 00:20:09,880 --> 00:20:13,760 Speaker 1: which include automakers. Will this be done soon? You know, 359 00:20:13,880 --> 00:20:15,840 Speaker 1: that's a that's a great question, and that's that's the 360 00:20:15,920 --> 00:20:20,400 Speaker 1: idea here is to make things move much faster than 361 00:20:20,440 --> 00:20:22,879 Speaker 1: they have. Then this is certainly good news, and I 362 00:20:22,920 --> 00:20:26,440 Speaker 1: think that's exactly where this is headed. Cars are one thing, 363 00:20:26,440 --> 00:20:28,280 Speaker 1: of course, and I'd like to hear from you on that. 364 00:20:28,400 --> 00:20:32,480 Speaker 1: When when we have Tim Farley, Jim Farley rather a 365 00:20:32,480 --> 00:20:36,080 Speaker 1: Mary Barra Ford and GM respectively saying they are actually 366 00:20:36,119 --> 00:20:39,240 Speaker 1: getting a bit more of what they need, what does 367 00:20:39,280 --> 00:20:41,360 Speaker 1: that mean for somebody shopping for a car? What does 368 00:20:41,400 --> 00:20:43,600 Speaker 1: that mean for these companies? And how about all the 369 00:20:43,640 --> 00:20:47,560 Speaker 1: other products that aren't cars here that are affected. Sure, 370 00:20:48,160 --> 00:20:52,639 Speaker 1: when it comes to the manufacturers, the auto companies and 371 00:20:52,680 --> 00:20:57,399 Speaker 1: then the semiconductor manufacturers, we're talking about transparency and trust 372 00:20:57,480 --> 00:21:01,160 Speaker 1: here because these two parties usually do now tree eye 373 00:21:01,240 --> 00:21:04,840 Speaker 1: to eye on these issues. From a customer standpoint, it's 374 00:21:04,920 --> 00:21:08,520 Speaker 1: we want our car, we want it quick, and hopefully 375 00:21:08,560 --> 00:21:11,199 Speaker 1: we'll be able to get it much sooner than we 376 00:21:11,200 --> 00:21:14,000 Speaker 1: would right now waiting for cars that are not available 377 00:21:14,000 --> 00:21:17,240 Speaker 1: from a lot. So it's really a two sided argument 378 00:21:17,280 --> 00:21:20,199 Speaker 1: here that we're looking. How about the g s, the 379 00:21:20,200 --> 00:21:22,679 Speaker 1: may tags of the world. What about the appliances that 380 00:21:22,720 --> 00:21:30,520 Speaker 1: also need chips? Andrew, we lose you, I guess we 381 00:21:30,560 --> 00:21:34,840 Speaker 1: did see we can get them back. As Gina Romando says, 382 00:21:34,880 --> 00:21:37,159 Speaker 1: we are starting to see some improvements, adding that in 383 00:21:37,200 --> 00:21:42,040 Speaker 1: recent weeks, the aforementioned Farley Embara are seeing conditions quote 384 00:21:42,040 --> 00:21:46,560 Speaker 1: get a little better. Golden Sacks analysis published last month 385 00:21:47,560 --> 00:21:49,560 Speaker 1: said the peak impact of the chip shortage was in 386 00:21:49,600 --> 00:21:53,560 Speaker 1: the second quarter. Auto production they say should jump in July. 387 00:21:53,760 --> 00:21:58,480 Speaker 1: Here we are, but of course automakers, I'm still dealing 388 00:21:58,520 --> 00:22:01,320 Speaker 1: with the weight of this, as the shortages estimated to 389 00:22:01,359 --> 00:22:06,960 Speaker 1: be taking a billion dollar toll on the industry. But 390 00:22:07,040 --> 00:22:09,520 Speaker 1: of course there's a lot more involved here than just cars. 391 00:22:10,160 --> 00:22:19,560 Speaker 1: As we are discussing with Andrew poland Bloomberg Politics contributors 392 00:22:19,600 --> 00:22:22,120 Speaker 1: Jeannie she and Zano and Rick Davis, as we wait 393 00:22:22,160 --> 00:22:24,919 Speaker 1: for Andrew to rejoin us, because this is something that 394 00:22:25,040 --> 00:22:29,120 Speaker 1: obviously is a major political issue and one that's already 395 00:22:29,200 --> 00:22:32,359 Speaker 1: led us some policy changes. Genie, I remember talking with 396 00:22:32,440 --> 00:22:40,400 Speaker 1: you when President Biden signed the executive order and trying 397 00:22:40,400 --> 00:22:43,520 Speaker 1: to resolve the shortage of semiconductors to try to get 398 00:22:43,560 --> 00:22:46,280 Speaker 1: the ball rolling not just on chips, but on shortages 399 00:22:46,400 --> 00:22:49,159 Speaker 1: of all products that are sending prices higher. Do you 400 00:22:49,200 --> 00:22:53,199 Speaker 1: believe this could be done soon? It certainly should be 401 00:22:53,240 --> 00:22:56,280 Speaker 1: done soon. And and good afternoon, Joe. It certainly should 402 00:22:56,280 --> 00:22:58,600 Speaker 1: be done soon. And I know you're waiting for Andrew 403 00:22:58,640 --> 00:23:00,439 Speaker 1: to come on, but it is something that is a 404 00:23:00,520 --> 00:23:03,439 Speaker 1: priority for this administration and they have to take it 405 00:23:03,560 --> 00:23:06,520 Speaker 1: very seriously because the hit to the economy is enormous. 406 00:23:06,800 --> 00:23:09,800 Speaker 1: It's a hang on the economy, isn't it, Rick, Yeah, 407 00:23:09,920 --> 00:23:12,360 Speaker 1: it's a hang on economy. Certain sectors, you know, some 408 00:23:12,880 --> 00:23:18,240 Speaker 1: particularly hard hit by the COVID economic slowdown. UM continued 409 00:23:18,280 --> 00:23:23,440 Speaker 1: to come out slowly, automotive industry, appliances, things where these 410 00:23:23,480 --> 00:23:28,359 Speaker 1: chips have created a whole supply chain havoc and so uh. 411 00:23:28,400 --> 00:23:32,440 Speaker 1: You know, I think it shows though, UM, the planning 412 00:23:32,480 --> 00:23:35,560 Speaker 1: of the legislation and the funds that are now available 413 00:23:35,720 --> 00:23:40,919 Speaker 1: to Secretary Raimundo over fifty billion dollars worth of uh 414 00:23:41,680 --> 00:23:46,600 Speaker 1: uh support in that industry was not a bad idea 415 00:23:46,720 --> 00:23:50,320 Speaker 1: at the time. Bring Andrew back. Just for another quick question. 416 00:23:50,359 --> 00:23:55,159 Speaker 1: We've reconnected with Andrew Russo from a R media consulting. Uh. 417 00:23:55,200 --> 00:23:57,600 Speaker 1: This had better be true, right Andrew. If if the 418 00:23:57,640 --> 00:24:01,080 Speaker 1: point here is to start making boundaries that the chip 419 00:24:01,119 --> 00:24:03,239 Speaker 1: plants here in this country, it would take many more 420 00:24:03,359 --> 00:24:06,920 Speaker 1: years to get that done. Absolutely, And that that's the 421 00:24:06,960 --> 00:24:10,000 Speaker 1: biggest thing right now is we're seeing Big Text start 422 00:24:10,000 --> 00:24:14,080 Speaker 1: to to move its locations and shops to places like Austin, 423 00:24:14,119 --> 00:24:17,800 Speaker 1: Texas to try and keep things close as possible here 424 00:24:17,800 --> 00:24:21,160 Speaker 1: in the US to address those concerns. So this, this 425 00:24:21,240 --> 00:24:24,880 Speaker 1: is as important as ever here and you know this 426 00:24:24,960 --> 00:24:28,280 Speaker 1: is this is wonderful that we are starting to see 427 00:24:28,280 --> 00:24:31,360 Speaker 1: these types of agreements from President Biden and his cabinet. 428 00:24:31,960 --> 00:24:35,359 Speaker 1: Are these all UH foreign chipmakers? These are all based 429 00:24:35,400 --> 00:24:38,800 Speaker 1: in Asia, Andrew or their American shipmakers. Intel has been 430 00:24:38,840 --> 00:24:41,800 Speaker 1: talking about starting to take some of its own manufacturing, 431 00:24:41,800 --> 00:24:43,560 Speaker 1: and I think Micron was doing some of the scene. 432 00:24:44,680 --> 00:24:47,200 Speaker 1: You're correct, a lot of it is out in in 433 00:24:47,240 --> 00:24:51,359 Speaker 1: Asia and in Vietnam and Taiwan. And because of that, 434 00:24:51,720 --> 00:24:53,679 Speaker 1: you still have to look at the different types of 435 00:24:53,720 --> 00:24:58,040 Speaker 1: relationships and so many different hands and parties that are involved. 436 00:24:58,480 --> 00:25:03,359 Speaker 1: So the ability to bring it bring these opportunities in house, 437 00:25:03,400 --> 00:25:07,080 Speaker 1: so to speak, or into the US will hopefully try 438 00:25:07,160 --> 00:25:11,560 Speaker 1: and speed the process up for automakers, for UH supply 439 00:25:11,640 --> 00:25:16,840 Speaker 1: logistics leaders like Walmart and Tesla, And that's the idea here. 440 00:25:16,920 --> 00:25:20,240 Speaker 1: So the ability to bring kings in house is definitely 441 00:25:20,280 --> 00:25:23,800 Speaker 1: I think a concern. I appreciated Andrew, thanks for getting 442 00:25:23,840 --> 00:25:26,760 Speaker 1: back on the phone with us. Andrew Rosso from A R. 443 00:25:27,119 --> 00:25:32,320 Speaker 1: Media consulting. I'm Joe Matthew. This is Bloomberg So No 444 00:25:32,920 --> 00:25:38,200 Speaker 1: with Joe Matthew on Bloomberg Radio. Thanks for meeting us 445 00:25:38,240 --> 00:25:41,000 Speaker 1: at the Precipice. The eve of a major vote in 446 00:25:41,040 --> 00:25:43,919 Speaker 1: the Senate. That's something will mark the end of the 447 00:25:43,960 --> 00:25:47,960 Speaker 1: bipartisan deal for infrastructure that's been on the works now 448 00:25:48,000 --> 00:25:52,239 Speaker 1: for weeks, still nothing written. I'm Joe Matthew and I'm 449 00:25:52,280 --> 00:25:55,159 Speaker 1: joined by Bloomberg Politics contributors Jeannie she and Zano and 450 00:25:55,280 --> 00:25:57,920 Speaker 1: Rick Davis. One of those suggesting the deal is dead. 451 00:25:58,720 --> 00:26:01,639 Speaker 1: His Senator Marshall black Urn, Republican from Tennessee, who I 452 00:26:01,680 --> 00:26:05,080 Speaker 1: spoke with today on Capitol Hill, asked her if she 453 00:26:05,119 --> 00:26:09,159 Speaker 1: would vote for cloture to begin debate on this proceed 454 00:26:09,480 --> 00:26:12,879 Speaker 1: when the vote hits tomorrow. No, I'm not going to 455 00:26:12,960 --> 00:26:16,720 Speaker 1: vote to move anything forward when you do not even 456 00:26:16,800 --> 00:26:20,080 Speaker 1: have a bill. This is what is so interesting is 457 00:26:20,160 --> 00:26:24,320 Speaker 1: Chuck Schumer has decided he's going to vote for it anyway, 458 00:26:24,359 --> 00:26:28,920 Speaker 1: even though there is no content to the bill. He 459 00:26:29,000 --> 00:26:33,640 Speaker 1: wants to vote on the title of the bill so 460 00:26:33,680 --> 00:26:39,359 Speaker 1: he can say Republicans voted against infrastructure. And Blackburn went 461 00:26:39,359 --> 00:26:41,360 Speaker 1: on to tell me that she would read whatever bill 462 00:26:41,440 --> 00:26:43,840 Speaker 1: was written when I asked her if one is written, 463 00:26:45,160 --> 00:26:47,600 Speaker 1: but also said she believes the bipartisan attempt to get 464 00:26:47,640 --> 00:26:50,560 Speaker 1: this done is over, that tomorrow will mark the end 465 00:26:50,600 --> 00:26:54,639 Speaker 1: of this, Rick Davis, she's framing this essentially as a 466 00:26:54,640 --> 00:26:57,720 Speaker 1: trick that Chuck Schumer is pulling on Republicans to kind 467 00:26:57,720 --> 00:27:02,800 Speaker 1: of embarrass them, say they didn't vote for infrastructure. Republicans 468 00:27:03,200 --> 00:27:05,440 Speaker 1: aren't obviously not going to play along with it. What's 469 00:27:05,480 --> 00:27:08,000 Speaker 1: Chuck Schumer trying to do here? And how to Republicans 470 00:27:08,040 --> 00:27:13,720 Speaker 1: avoid looking like they're voting against fixing roads, bridges and zunnals. Yeah, 471 00:27:14,000 --> 00:27:16,280 Speaker 1: the Majority Leader, Chuck Schumer is doing the same thing 472 00:27:16,400 --> 00:27:19,080 Speaker 1: that Majority Leader Mitch McConnell did when he was a 473 00:27:19,119 --> 00:27:22,800 Speaker 1: Majority leader. It's a tactic that avoids there having to 474 00:27:22,880 --> 00:27:25,480 Speaker 1: crack open a big debate on issues that might divide 475 00:27:25,480 --> 00:27:29,080 Speaker 1: the caucuses, both Democrats and Republican because remember Democrats are 476 00:27:29,400 --> 00:27:32,200 Speaker 1: also not seeing this bill and and they have issues 477 00:27:32,240 --> 00:27:35,639 Speaker 1: with people like Senator Sanders and Senator Marky. But I 478 00:27:35,680 --> 00:27:39,600 Speaker 1: remember during the Healthcare Wars, when Mitch McConnell wanted to 479 00:27:40,040 --> 00:27:43,560 Speaker 1: pass a bill repealing many of the healthcare measures in 480 00:27:43,600 --> 00:27:46,760 Speaker 1: the Brock Obama's plan. Um, we didn't see that bill 481 00:27:47,359 --> 00:27:52,000 Speaker 1: until only moments before midnight before he expected to vote. 482 00:27:52,000 --> 00:27:56,080 Speaker 1: So this idea that people are are complaining is it's 483 00:27:56,119 --> 00:27:58,000 Speaker 1: fair to complain, right, they should be able to see 484 00:27:58,000 --> 00:27:59,520 Speaker 1: the bill and read it before they have to vote 485 00:27:59,520 --> 00:28:02,440 Speaker 1: on it. But it's also a well worn tactic by 486 00:28:02,760 --> 00:28:08,439 Speaker 1: leaders to avoid UH conflict and uh and and and 487 00:28:08,560 --> 00:28:11,360 Speaker 1: jam jam I vote. Remember this is just a closure vote. 488 00:28:11,359 --> 00:28:14,840 Speaker 1: It means you get to actually start the clock on 489 00:28:14,840 --> 00:28:17,560 Speaker 1: on doing this, and that adds pressure to the conferees. 490 00:28:18,200 --> 00:28:20,600 Speaker 1: In this case, both Republicans and Democrats were writ in 491 00:28:20,640 --> 00:28:23,000 Speaker 1: a bill. So I think these are all tactics we're 492 00:28:23,000 --> 00:28:26,440 Speaker 1: watching in the public eye, but far from it being 493 00:28:27,160 --> 00:28:30,159 Speaker 1: uh determined. Yeah, Rick, as I said, has seen this 494 00:28:30,200 --> 00:28:33,680 Speaker 1: movie before. Genie, I am curious though about any potential 495 00:28:33,760 --> 00:28:35,959 Speaker 1: fallout for Republicans who are planning to vote no on 496 00:28:36,000 --> 00:28:38,120 Speaker 1: this tomorrow. You can make a lot of good campaign 497 00:28:38,120 --> 00:28:42,000 Speaker 1: ads talking about Republicans saying no to safer bridges and roads. 498 00:28:42,920 --> 00:28:45,760 Speaker 1: There's an awful lot of risk on both sides. And 499 00:28:46,080 --> 00:28:49,200 Speaker 1: I thought your interview with Marsha Blackburn was really important 500 00:28:49,280 --> 00:28:52,120 Speaker 1: because you had her firmly saying no. She won't vote 501 00:28:52,120 --> 00:28:54,920 Speaker 1: for it. And that's exactly what these senators in the 502 00:28:55,000 --> 00:28:57,400 Speaker 1: leadership are doing right now. They're counting these votes they 503 00:28:57,440 --> 00:29:00,360 Speaker 1: need to get by to ten. And not only Lackburn. 504 00:29:00,400 --> 00:29:03,479 Speaker 1: We heard Romney, who's been in these negotiations, saying he 505 00:29:03,480 --> 00:29:07,160 Speaker 1: would vote against beginning debate, but he gave Chuck Schumer 506 00:29:07,200 --> 00:29:10,239 Speaker 1: an out. He said move the vote to Monday. And 507 00:29:10,320 --> 00:29:13,600 Speaker 1: many people are suggesting on Capitol Hill that they just 508 00:29:13,720 --> 00:29:15,960 Speaker 1: need that time. If they can get to the weekend, 509 00:29:16,080 --> 00:29:18,760 Speaker 1: they will be able to put something together. So I 510 00:29:18,800 --> 00:29:21,320 Speaker 1: think there's an out there. I think we still may 511 00:29:21,440 --> 00:29:23,800 Speaker 1: see Chuck Schumer and moved the vote to Monday. But 512 00:29:23,920 --> 00:29:26,320 Speaker 1: to your earlier point, there is a lot of risk 513 00:29:26,440 --> 00:29:31,560 Speaker 1: on both sides. Democrats can paint Republicans as not wanting 514 00:29:31,640 --> 00:29:34,800 Speaker 1: to give people what they needs. Rhodes bridges, tunnels, black 515 00:29:34,880 --> 00:29:37,920 Speaker 1: you know, old broadband, all of these things, and Republicans 516 00:29:37,960 --> 00:29:40,080 Speaker 1: can also make a case that you want us to 517 00:29:40,160 --> 00:29:42,160 Speaker 1: vote for something you don't know what's in it, you 518 00:29:42,200 --> 00:29:44,800 Speaker 1: haven't written it, and you don't have any pay for us. Yeah, 519 00:29:44,880 --> 00:29:47,800 Speaker 1: you think he delays the vote? Rick, we're doing this tomorrow. Yeah, 520 00:29:47,800 --> 00:29:52,000 Speaker 1: I mean, I think if the Republicans in the Bipartisan group. Remember, 521 00:29:52,040 --> 00:29:54,520 Speaker 1: they've got eleven votes and they only need ten Republicans 522 00:29:54,560 --> 00:29:57,800 Speaker 1: to pass this to the next stage. Um, if they 523 00:29:57,840 --> 00:29:59,880 Speaker 1: say to him, look, we need more time and we're 524 00:30:00,120 --> 00:30:02,480 Speaker 1: going to vote for cloture, then then he's going to 525 00:30:02,600 --> 00:30:05,480 Speaker 1: move it because it's too hard to get to this 526 00:30:05,560 --> 00:30:10,880 Speaker 1: point to not be fob Portman already say that though Murkowski, Portman, 527 00:30:10,960 --> 00:30:14,440 Speaker 1: Collins and Rodney right, Well, I think that's what he's 528 00:30:14,440 --> 00:30:17,480 Speaker 1: probably thinking through right now, is what do I make 529 00:30:17,560 --> 00:30:20,000 Speaker 1: them happy or do I continue to press It's it's 530 00:30:20,040 --> 00:30:22,840 Speaker 1: all a pressure game, and and so it's exciting to 531 00:30:22,840 --> 00:30:25,080 Speaker 1: see because it mounts the tension, and I think you 532 00:30:25,120 --> 00:30:28,160 Speaker 1: need tension to get anybody to do anything on Capitol Hill. Well, 533 00:30:28,200 --> 00:30:29,880 Speaker 1: I know the Majority leaders a big fan of this 534 00:30:29,960 --> 00:30:32,000 Speaker 1: program in this network, and we invite him to call 535 00:30:32,040 --> 00:30:34,600 Speaker 1: in any time to let us know how those conversations 536 00:30:34,640 --> 00:30:36,480 Speaker 1: are going. I want to ask you both about Tom 537 00:30:36,520 --> 00:30:41,040 Speaker 1: Barrack today Colony Capitol, former top fundraiser for Donald Trump's 538 00:30:41,160 --> 00:30:46,000 Speaker 1: arrested today charged with illegally lobbying for the U a E. 539 00:30:47,000 --> 00:30:51,360 Speaker 1: Just so happens, he sat down for an interview with 540 00:30:51,400 --> 00:30:55,240 Speaker 1: Bloomberg talking about this some time ago talking about his 541 00:30:55,400 --> 00:30:59,120 Speaker 1: role in the Trump administration and how he looks back 542 00:30:59,160 --> 00:31:01,400 Speaker 1: on that being a part was lying from my simple 543 00:31:01,440 --> 00:31:04,600 Speaker 1: beginnings of where I came to have the gift and 544 00:31:04,640 --> 00:31:08,760 Speaker 1: the opportunity to be next to a president of the 545 00:31:08,840 --> 00:31:12,440 Speaker 1: United States, to have the honor of running an inauguration, 546 00:31:14,040 --> 00:31:19,480 Speaker 1: to be up close and personal on some issues that 547 00:31:20,440 --> 00:31:26,160 Speaker 1: affect world order. I paid a personal price for it, 548 00:31:27,080 --> 00:31:33,000 Speaker 1: right the the the adversarial illness of America and squaring 549 00:31:33,040 --> 00:31:37,320 Speaker 1: off on both sides is something I still don't understand 550 00:31:37,680 --> 00:31:42,400 Speaker 1: as I read on the terminal alleged to of advancing 551 00:31:42,400 --> 00:31:44,320 Speaker 1: the interests of another country, the U a E here 552 00:31:44,360 --> 00:31:46,480 Speaker 1: in the US had the direction of senior U a 553 00:31:46,800 --> 00:31:49,920 Speaker 1: E officials, alleged to have done so by influencing the 554 00:31:49,920 --> 00:31:53,600 Speaker 1: foreign policy positions of Trump campaign and then those of 555 00:31:53,640 --> 00:31:57,600 Speaker 1: the new administration. The indictment also charges Barrick with obstruction 556 00:31:57,640 --> 00:32:01,920 Speaker 1: of justice in making multiple false statements during a twenty 557 00:32:02,000 --> 00:32:06,280 Speaker 1: nineteen interview with federal law enforcement agents Rick Davis, uh 558 00:32:06,400 --> 00:32:08,880 Speaker 1: another Brick and la Wall here as we look back 559 00:32:08,960 --> 00:32:12,880 Speaker 1: on the Trump administration, Yeah, I think this is a 560 00:32:12,960 --> 00:32:16,440 Speaker 1: good demonstration of the Justice departments resolve on this issue. Right, 561 00:32:16,480 --> 00:32:19,600 Speaker 1: they have gone after a number of people in the 562 00:32:19,680 --> 00:32:23,600 Speaker 1: last four years during the Trump administration, former National Security 563 00:32:23,640 --> 00:32:28,320 Speaker 1: Advisor Paul Manafort, Tom Barrick now on these charges of 564 00:32:28,840 --> 00:32:33,560 Speaker 1: um uh farah, which is the rules governing representing foreign 565 00:32:33,640 --> 00:32:36,680 Speaker 1: governments in the United States. And and I would say 566 00:32:36,720 --> 00:32:38,720 Speaker 1: prior to that, there was some question as to whether 567 00:32:38,760 --> 00:32:41,680 Speaker 1: the government was really serious about taking on these prosecutions. 568 00:32:41,680 --> 00:32:45,640 Speaker 1: And I think this today rest the case. Very strong 569 00:32:45,800 --> 00:32:49,120 Speaker 1: indictment um and and it also tells you another story, 570 00:32:49,160 --> 00:32:51,520 Speaker 1: which is, you know, don't ever lie to the FBI. 571 00:32:52,200 --> 00:32:55,080 Speaker 1: It's like, I know, that's the sort of obvious, But 572 00:32:55,440 --> 00:32:57,560 Speaker 1: here you've got a really smart guy, Tom Barrick, who's 573 00:32:57,560 --> 00:33:00,600 Speaker 1: got himself into a heck of a fix because uh, 574 00:33:00,680 --> 00:33:02,920 Speaker 1: you know, he thought he was smarter than the FBI. 575 00:33:03,160 --> 00:33:05,840 Speaker 1: All bad day for bart Genie. But prosecutors were clear 576 00:33:06,560 --> 00:33:09,840 Speaker 1: as they cast Donald Trump as a victim of the 577 00:33:09,880 --> 00:33:13,440 Speaker 1: alleged scheme, not the master mind. That's right. And it 578 00:33:13,560 --> 00:33:16,400 Speaker 1: is a really chilling indictment when you look at the 579 00:33:16,440 --> 00:33:19,480 Speaker 1: idea that he was provided by the UAE of talking 580 00:33:19,520 --> 00:33:23,800 Speaker 1: points for TV appearances that he inserted language and Candidate 581 00:33:23,840 --> 00:33:27,560 Speaker 1: Trump's speeches praising the u a e that he had 582 00:33:27,600 --> 00:33:32,520 Speaker 1: a phone that was a direct line, really overwhelming evidence 583 00:33:32,640 --> 00:33:36,280 Speaker 1: that he was lobbying on behalf of a the U. S. Government, 584 00:33:36,280 --> 00:33:39,280 Speaker 1: on behalf of another government. And of course it's clear 585 00:33:39,320 --> 00:33:42,560 Speaker 1: he failed to register, and you coupled that with the 586 00:33:42,600 --> 00:33:45,960 Speaker 1: obstruction and the false statements. He's facing an awful lot 587 00:33:46,000 --> 00:33:48,640 Speaker 1: of time in jail. And while they've cast Trump as 588 00:33:48,680 --> 00:33:52,800 Speaker 1: the victim, let's not forget at his age, facing the 589 00:33:52,800 --> 00:33:55,760 Speaker 1: amount of years he is facing. There is a question 590 00:33:55,840 --> 00:34:00,160 Speaker 1: as to whether he decides to spill some secrets, whether 591 00:34:00,240 --> 00:34:02,600 Speaker 1: he decides to cooperate with the fetes, and that can 592 00:34:02,600 --> 00:34:04,560 Speaker 1: turn around on Trump and his allies. So I think 593 00:34:04,560 --> 00:34:06,960 Speaker 1: there's a lot coming down the pike on this. Well, 594 00:34:07,040 --> 00:34:10,080 Speaker 1: does it depend Rick if Donald Trump runs again? I 595 00:34:10,120 --> 00:34:13,200 Speaker 1: mean that that's where this would come to fruition. Correct, Well, 596 00:34:13,239 --> 00:34:16,359 Speaker 1: it's it's certainly bad optics. I mean, Donald trump main 597 00:34:16,400 --> 00:34:20,239 Speaker 1: campaign theme in in two thousand and sixteen was to 598 00:34:20,320 --> 00:34:23,319 Speaker 1: drain the swamp, and the swamp just keeps getting filled up. 599 00:34:23,440 --> 00:34:26,720 Speaker 1: So I'm not sure he's going to have the tools 600 00:34:26,719 --> 00:34:28,759 Speaker 1: that he had four years ago or five years ago 601 00:34:28,800 --> 00:34:30,680 Speaker 1: when he was a candidate Trump to do it again. 602 00:34:30,800 --> 00:34:33,640 Speaker 1: But uh, sure. I mean this, this affects all those 603 00:34:33,719 --> 00:34:36,520 Speaker 1: kinds of calculations. As Jennie points out, who knows where 604 00:34:36,520 --> 00:34:40,280 Speaker 1: this will lead? And um, but we know that certainly 605 00:34:40,320 --> 00:34:43,600 Speaker 1: Donald Trump is is even though the played the victim 606 00:34:43,640 --> 00:34:46,400 Speaker 1: in this indictment, it raises his name in a in 607 00:34:46,440 --> 00:34:49,320 Speaker 1: an area that I'm sure he'd be very happy to avoid. 608 00:34:49,480 --> 00:34:51,359 Speaker 1: Did you guys see who else came the swamp today? 609 00:34:51,360 --> 00:34:53,880 Speaker 1: A little visit here in the swamp, A former patriot. 610 00:34:54,719 --> 00:34:57,600 Speaker 1: I guess he's not what a bucking here. Don't ask 611 00:34:57,640 --> 00:35:00,759 Speaker 1: me about that. But Tom Brady is at the White House. 612 00:35:00,800 --> 00:35:03,440 Speaker 1: We got on a roll. Not a lot of people, uh, 613 00:35:03,600 --> 00:35:05,560 Speaker 1: you know, think that we could have won. And on 614 00:35:05,880 --> 00:35:08,719 Speaker 1: the fact I think about people still don't think we won. 615 00:35:09,640 --> 00:35:13,600 Speaker 1: I understand you understand that necess president. I understand this 616 00:35:13,680 --> 00:35:16,320 Speaker 1: left and personally, you know, it's nice for me to 617 00:35:16,360 --> 00:35:19,759 Speaker 1: be back here. We had a game in Chicago where 618 00:35:19,800 --> 00:35:22,680 Speaker 1: I forgot what down. It was a lot of track 619 00:35:22,680 --> 00:35:25,319 Speaker 1: of one down in twenty one years of playing, and 620 00:35:25,360 --> 00:35:29,719 Speaker 1: they start to call me sleepy Tom. Why would they 621 00:35:29,760 --> 00:35:33,240 Speaker 1: do that to me? I can't imagine why, Rick and Genie, 622 00:35:33,239 --> 00:35:35,240 Speaker 1: but I have to ask you if we're actually laughing 623 00:35:35,280 --> 00:35:40,400 Speaker 1: about this now with Mr America, Are we beyond the 624 00:35:40,480 --> 00:35:44,480 Speaker 1: big lie? Genie? I don't think we're quite beyond it yet, 625 00:35:44,600 --> 00:35:47,319 Speaker 1: as we just saw Kevin McCarthy named some people to 626 00:35:47,440 --> 00:35:50,640 Speaker 1: the Select Committee. But and I, like you, Joy, spent 627 00:35:50,719 --> 00:35:53,799 Speaker 1: some time in Massachusetts. I raised two two sons who 628 00:35:53,840 --> 00:35:56,720 Speaker 1: are Patriots fans, so I can't I can't speak nicely 629 00:35:56,760 --> 00:36:00,040 Speaker 1: about Tom Brady now that he has left. But I 630 00:36:00,040 --> 00:36:02,319 Speaker 1: thought Tom Brady was very funny today. I thought the 631 00:36:02,320 --> 00:36:04,719 Speaker 1: President took it very well and gave him a lot 632 00:36:04,760 --> 00:36:07,120 Speaker 1: back in return, So I thought it was a great exchange. 633 00:36:07,120 --> 00:36:10,200 Speaker 1: But no, I don't think we're quite over the big Layett. Well, 634 00:36:10,239 --> 00:36:12,640 Speaker 1: of course we're really not here, but Rick quickly, I'd 635 00:36:12,680 --> 00:36:14,640 Speaker 1: love to hear from you on this and our remaining 636 00:36:14,680 --> 00:36:20,400 Speaker 1: thirty seconds. That kind of mainstream commentary does impact popular opinion, 637 00:36:20,560 --> 00:36:23,239 Speaker 1: that's right. I mean, here's a guy who's the goat, right. 638 00:36:23,280 --> 00:36:25,239 Speaker 1: I mean, it's got to really hurt Joe to see 639 00:36:25,320 --> 00:36:28,400 Speaker 1: him up there celebrating that Super Bowl in Tampa. But 640 00:36:29,239 --> 00:36:31,719 Speaker 1: I think making light of this is exactly the right 641 00:36:31,760 --> 00:36:34,319 Speaker 1: way to start dealing with it. And uh and and 642 00:36:34,360 --> 00:36:37,320 Speaker 1: move on beyond the big lie. You guys have no mercy. 643 00:36:37,560 --> 00:36:41,360 Speaker 1: With apologies to the New England patriots. I'm Joe Matthew. 644 00:36:41,360 --> 00:36:44,120 Speaker 1: I'll meet you back here tomorrow on Bloomberg's sound Off