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

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

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

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Speaker 1: Bloomberg Sound on, the insiders, the influencers, the insides. We're

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

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Speaker 1: never before. You're looking at seveny Kennedys for different victories.

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

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

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

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Speaker 1: m h D two Just days until the presidential election.

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Speaker 1: What did last night's debate mean for the sprint? And

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Speaker 1: November three and the latest on the energy sector. Joe

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Speaker 1: Biden got a band fracking? He says no, But what

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Speaker 1: does he mean by curttailing emissions by Democrats? Democrats pushed

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Speaker 1: back against the nominee for clarity plus all of that

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Speaker 1: and what happened in the market. And her Gar Shamali

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Speaker 1: joins me on the Israel, Sudan, Armenia, Azerbaijan developments happening overseas.

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Speaker 1: We go geo political even on a Friday, lots to

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Speaker 1: get through. I'm still in Nashville. I'm still a cowboy country. Uh.

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Speaker 1: Got a lot to cover today and an all star

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Speaker 1: panel joining us in the next hour, Mattie Duppler, Brian

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Speaker 1: Broke Hall, and of course Cigar Shamali. But we kick

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Speaker 1: things off with the legendary Justin Sink, who was a

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Speaker 1: Bloomberg White House reporter. Justin you know, I'm still in Nashville. Uh,

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Speaker 1: I gotta be honest. Republicans breathing a collective sigh of

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Speaker 1: relief about last night that the President didn't do the

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Speaker 1: strategy that he tried to deploy in the first debate.

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Speaker 1: But as we move forward here, the only thing that

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Speaker 1: my sources are talking about is the exchange on energy

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Speaker 1: policy and fracking. What are you hearing from the White

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Speaker 1: House today? Yeah, I mean, I think obviously that moment

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Speaker 1: is the one that probably energized the president supporters the most.

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Speaker 1: They feel like they really got Joe Biden to back

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Speaker 1: into a mistake when he, Uh, what he was trying

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Speaker 1: to say was that he wanted to end federal energy

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Speaker 1: subsidies for oil companies. But when he seemed to actually

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Speaker 1: be saying in the moment was that he was ready

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Speaker 1: to get rid of oil as an energy source kind

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Speaker 1: across the board, and the hope for Republicans is said

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Speaker 1: in both traditional swing states like Pennsylvania, where there's a

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Speaker 1: big energy sector and fracking natural gas UH play a

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Speaker 1: large role, and in Texas, which has become a sort

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Speaker 1: of surprise swing state and this election, at least according

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Speaker 1: to the polls, this is going to be a comment

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Speaker 1: that that resonates deeply and might push those back back

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Speaker 1: towards the President's favorite. Well, we've got the sound boys

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Speaker 1: from last night's showdown in Nashville. Take a listen to UH.

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Speaker 1: President Trump and Democratic presidential nominee Joe Biden squaring off

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Speaker 1: on energy policy rule the tape a transition from their

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Speaker 1: own industry. Yes, transition is a big statement because I

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Speaker 1: would stop, Why would you do that? Because the oil

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Speaker 1: industry pollutes significantly. I mean, when you hear that, I

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Speaker 1: gotta be honest, counter lamp country is it's like nails

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Speaker 1: on a chalkboard. I mean, even today, the pushback from Democrats,

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Speaker 1: even and and and from the Biden campaign trying to

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Speaker 1: clarify I can't underscore this enough. I mean, that is

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Speaker 1: a massive, massive statement to make in a final presidential debate.

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Speaker 1: We all thought we were gonna be talking about the

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Speaker 1: Supreme Court and court packing. I mean, this was a massive,

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Speaker 1: massive statement justin sinc Yeah, I mean, I do think

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Speaker 1: that it is a a big statement though the pollings

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Speaker 1: that does suggest even in states like Pennsylvania that have

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Speaker 1: a sort of significant energy factor, that that there is

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Speaker 1: more support for sort of transition to green energy, more

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Speaker 1: support for getting away from possil fields then there is otherwise.

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Speaker 1: And so uh, it's certainly I think the big talking

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Speaker 1: plant after last night. But the question is is we've

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Speaker 1: got a love and day until election day. To what

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Speaker 1: extent is the cake already baked? Versus can make him?

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Speaker 1: Hear you, I hear you on this, But this is

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Speaker 1: that this is even if Joe Biden wins the presidency.

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Speaker 1: This is such a major issue, folks, because we got

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Speaker 1: to go macro for a second. Because if he does

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Speaker 1: get the White House, this is the perfect illustration whether

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Speaker 1: or not he will move to the left towards AOC

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Speaker 1: crowd uh and and Green New Deal crowd, or whether

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Speaker 1: or not he will stick with the Governor of Ohio,

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Speaker 1: John Kasik, a Republican who endorsed him, or Senator Mitt

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Speaker 1: Romney for example, who wrote in a candidate, and all

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Speaker 1: of the other Republicans who have endorsed him as a

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Speaker 1: as a refuting President Trump. But he didn't really provide

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Speaker 1: clarity last night in terms of the direction that that

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Speaker 1: he is going to take the country and on such

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Speaker 1: a us of issue. I hear you. I totally agree.

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Speaker 1: And listen, listen these posters when they say are you

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Speaker 1: for new energy? Of course it's gonna it's like are

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Speaker 1: you do you love babies? Of course you're gonna say yes.

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Speaker 1: But when you actually get into it, when you go

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Speaker 1: into Marcus Hook, the hook as it's referred to commonly,

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Speaker 1: uh outside of Philadelphia, as Joe Biden name dropped yesterday. Uh,

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Speaker 1: and you actually go into these refinery towns, I mean,

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Speaker 1: and you hear about the families who have been not

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Speaker 1: able to go to work to the refineries as a

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Speaker 1: result of the pandemic. And then to hear that from

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Speaker 1: a Democratic presidential nominee to say we're gonna transition away

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Speaker 1: and have no emissions by that is a major statement.

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Speaker 1: And quite honestly, justin you and I have talked about

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Speaker 1: this offline. Quite honestly, I don't think the Beltway media

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Speaker 1: fully understands that. Let's take a look at the headlines

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Speaker 1: that I have on my Bloomberg terminal. You can actually

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Speaker 1: right now see the top front pages if you go

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Speaker 1: to front go on your Bloomberg terminal. Great new terminal function.

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Speaker 1: Washington Post, how politicly damaging, where Biden's comments about closing

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Speaker 1: down the oil industry. Wall Street Journal oil industry bristles

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Speaker 1: that Biden's pledge to transition away from crude. National Review

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Speaker 1: Press plays defense after Biden campaign walks back oil industry comments.

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Speaker 1: The Guardian, Biden's pledged to transition from oil draws praise

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Speaker 1: and Republicans anger, and then get this Washington Post follow

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Speaker 1: up article. Union leaders have Biden's back on fracking, but

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Speaker 1: in Pennsylvania their members aren't so sure. Explained to me

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Speaker 1: that the union bosses want Biden, but down in the

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Speaker 1: the actual workers. I mean that that that really does

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Speaker 1: some damage justin sinc. Yeah, I mean, I think that's

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Speaker 1: a dynamic the presidents obviously trying to replicate from uh

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Speaker 1: four years ago, where he saw stronger support among union

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Speaker 1: members than certainly from leadership. That's long aligned with with

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Speaker 1: Democrats because Democrats have been more protective both you know,

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Speaker 1: their ability to organized, their ability to collectively pargain, uh,

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Speaker 1: and less sort of protective of corporate interests that are

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Speaker 1: often you know, bargaining against union members. Uh. So you're right,

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Speaker 1: I think that this is um an area that the

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Speaker 1: president is going to try to uh exploit. But it's

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Speaker 1: going back to what you just said. I mean, I

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Speaker 1: think that is the central issue, right. It's the person

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Speaker 1: who has been out of work for six months because

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Speaker 1: they can't go to the plant going to vote based

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Speaker 1: on what Joe Biden said last night, or the fact

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Speaker 1: that they blame President Trump for the coronavirus pandemic. I'm

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Speaker 1: not sure what the answer is. But for Trump, uh,

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Speaker 1: he's really got to hope that this resonates in a

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Speaker 1: deep and meaningful way because poles show that he's been

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Speaker 1: trailing in all these states that he needs to win,

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Speaker 1: and so, uh, you know, he was looking for a

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Speaker 1: big moment last night. We'll see as as polls start

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Speaker 1: to come out of the next few days whether this

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Speaker 1: was the potential knockout punch that he really needs to

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Speaker 1: climb back into the race, or if it's something that

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Speaker 1: will resonate with people who could be immediately impacted. It

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Speaker 1: might uh sort of fire up other voters, or it

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Speaker 1: might just kind of be a blip, because as you

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Speaker 1: and I both know, Donald Trump has a way of

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Speaker 1: turning the page pretty quickly, uh, day to day. It

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Speaker 1: really is remarkable. Justin sinks on with us, uh, and

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Speaker 1: I would know. Valerio's chief executive Joe Gordon, released a

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Speaker 1: statement after the debate expressing concern reading from the Wall

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Speaker 1: Street Journal with Mr Biden's comments and pointing to the

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Speaker 1: company's investments in lower carbon bio fuels. He's said in

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Speaker 1: a statement to the journal, quote, our strategy delivers tangible

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Speaker 1: positive impact on the environment today and good paying jobs

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Speaker 1: for Americans today as an alternative to campaign rhetoric and

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Speaker 1: aspirational statements about tomorrow. End. Quote that's from the chief

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Speaker 1: executive of Valero, which you know has some refineries and

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Speaker 1: Joe Biden near Joe Biden's neck in the woods and Delaware. Uh,

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Speaker 1: justin sink You know, I gotta be candid here, folks.

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Speaker 1: When I interviewed some prominent prominent Republicans yesterday, they were

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Speaker 1: very nervous, very nervous about Arizona eleven electoral votes, swing state.

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Speaker 1: Now Joe Biden, uh, leading in virtually every battleground tracking

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Speaker 1: poll in the swing state of Arizona. And you gotta

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Speaker 1: remember President Trump beat Hillary Clinton there by three and

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Speaker 1: a half percentage points. I think that's notable. And you

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Speaker 1: nailed it just him. And I know you're like me,

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Speaker 1: you're an Eagles fan, and we love our Boston Scott

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Speaker 1: today for that amazing, amazing catch that he had last night.

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Speaker 1: I watched that catch. Oh my gosh, my heart. It

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Speaker 1: was the best catch I've seen in a while. It

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Speaker 1: even made me say, you know, maybe there's hope for

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Speaker 1: Carson Wentz. But back to politics. On the issue of Pennsylvania,

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Speaker 1: the Republicans are all but saying that Joe Biden is

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Speaker 1: gonna win there because of African American turnout and because,

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Speaker 1: as you mentioned, uh, just the early polls suggest suggests

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Speaker 1: Pennsylvania spells some trouble for Republicans this cycle. But hey,

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Speaker 1: I gotta let I gotta let you go. But tell

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Speaker 1: me about that Boston Scott catch. That was incredible. Yeah,

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Speaker 1: And if you're Joe Biden, you just gotta help that

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Speaker 1: You're not Daniel Jones getting winded at the rundown. I

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Speaker 1: think laughing before you get into the end of done right.

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Speaker 1: I love it. That's what I needed to start this

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Speaker 1: show on a Friday, while I'm still in Nashville. Before

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Speaker 1: I take my flight home, justin sanc have a great weekend,

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Speaker 1: my friend, be safely well. Keep up the incredible, incredible

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Speaker 1: reporting more Next, I want to be like Boston Scott Barada.

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Speaker 1: I'm Kevin cereally cheap Washington correspondent for Bloomberg Television of

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Speaker 1: Bloomberg Radio. You're listening to Bloomberg. You're listening to Bloomberg.

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Speaker 1: Sound On with Kevin Surly on Bloomberg and one oh

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Speaker 1: five point seven m HD two. I love that song.

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Speaker 1: My name is Kevin CEREALI I'm the cheap Washington correspondent

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Speaker 1: f for Bloomberg Television of Bloomberg Radio. I don't want

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Speaker 1: to go back to d C. I want to move

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Speaker 1: to Nashville. I want to live in the country. I

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Speaker 1: want to be neighbors with Keith Urban. I heard my

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Speaker 1: Hooper driver told me that justin timber Lake just bought

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Speaker 1: a branch down here with Jessica Bielle. I think there's

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Speaker 1: still I don't know I'm not good with the gossip,

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Speaker 1: but listen, I love it down here. They've got great

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Speaker 1: food everywhere you go. It's very very much barbecue. I

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Speaker 1: had what do we have such? We had potato chips

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Speaker 1: with um with with like tacos suff and um like

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Speaker 1: tacos but on potato chips that they made and they

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Speaker 1: put chicken on it hallapeno peppers. I mean it was amazing.

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Speaker 1: I ate my face off the all time I'm here,

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Speaker 1: and I'm like, uh, back to d C. But listen,

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Speaker 1: we love Nashville everyone. You're so friendly. If you've never

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Speaker 1: been and you love country music, come come down. It's incredible. Listen,

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Speaker 1: I want to come every day of my life. Vanderbilt here.

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Speaker 1: It's beautiful campus. Um, you know, the whole place is

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Speaker 1: just gorgeous this time of year. US stocks rose after

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Speaker 1: the Trump administration resuscitated hopes for a spending package. Dreasuries

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Speaker 1: remained higher. Oh, Dollywood's nearby too. I saw it on

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Speaker 1: a billboard. The SMP five hundred edge higher to pair

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Speaker 1: a weekly decline and erased losses after White House Chief

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Speaker 1: of Staff Mark Meadows said he expects a deal in

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Speaker 1: a day or so. Tech shares underperformed after Intel plunged

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Speaker 1: more than ten percent, dragging chipmakers lower. An American Express

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Speaker 1: also faltered following earnings. Jiliad Sciences Inc. Got this rose

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Speaker 1: after its anti viral therapy became the first drug formally

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Speaker 1: cleared to treat COVID nineteen some optimism. The ten year

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Speaker 1: treasury yield slipped two point eight three oil slip below

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Speaker 1: forty dollars a barrel in New York g wonder why

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Speaker 1: um investors still remained focused on Washington, d C. And

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Speaker 1: that's why I'm so incredibly thrilled to welcome our next guest,

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Speaker 1: first time on the program. His name is Willie Walker.

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Speaker 1: He's the chairman and CEO of Walker and Dunlop, one

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Speaker 1: of the largest real estate finance companies in the nation.

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Speaker 1: It's got a portfolio of more than a hundred billion

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Speaker 1: with the b including more than two million apartment homes.

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Speaker 1: Willie has a unique window into the housing sector, which

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Speaker 1: is a vital component, of course, of our economy. All right,

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Speaker 1: what went onto the markets today? Willie? How you doing?

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Speaker 1: Kevin n Nice to be on with you, Thank you.

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Speaker 1: What happened in the markets today? Uh so? I mean

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Speaker 1: you just gave the outlook on the equity markets. On

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Speaker 1: the debt markets, the ten year went up a little

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Speaker 1: bit um, which usually would make us concerned as it

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Speaker 1: relates to the the overall cost of debt. But given how

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Speaker 1: cheap debt capital is today, a couple of basis points

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Speaker 1: of the tender year really doesn't make a difference on

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Speaker 1: either the single family or the commercial financing markets. Yeah,

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Speaker 1: you know, I think that's a great point. All right,

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Speaker 1: let's talk about last night's abate, because I'm still here

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Speaker 1: in Nashville, and in between bites, you know, I've done

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Speaker 1: some reporting. I'm kidding, I'm kidding, um. And do you

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Speaker 1: think that we got anything? We didn't really. Housing didn't

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Speaker 1: really come up yesterday at all in the debate. But

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Speaker 1: what do you think or how do you think the

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Speaker 1: geopolitical landscape by imp act the housing finance sector in particular,

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Speaker 1: particular post November three. So it's interesting, Kevin, that you

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Speaker 1: say that didn't come up last night, because if you

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Speaker 1: go back in history, it never comes up in presidential

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Speaker 1: it doesn't it doesn't even come up in primary debates.

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Speaker 1: And the what's so interesting about it is that the

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Speaker 1: federal government has a very, very large role in US

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Speaker 1: housing policy, UM, with the role particularly that Fannie Mae,

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Speaker 1: Freddie Mack, and the U S Department of Housing and

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Speaker 1: Urban Development play in the financing of single family housing

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Speaker 1: as well as multi family housing. UH. And so to

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Speaker 1: your point, there's a very significant impact that one administration

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Speaker 1: to the next could have and usually does have on housing. UM,

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Speaker 1: but it never is a topic that's discussed on the

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Speaker 1: national stage. So specifically as it relates to Fannie Mae

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Speaker 1: and Freddie Mack and the g S c S and

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Speaker 1: the conservatorship, there's still in a conservative ship. I mean,

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Speaker 1: as it relates to that, do you expect that anything

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Speaker 1: will be on about that conservatorship? Uh? If in the

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Speaker 1: new Congress, I mean, HUT Secretary Ben Carson has been

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Speaker 1: saying forever it seems that he wants to dwindle it down,

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Speaker 1: but you know, they're turning a profit. Things are looking

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Speaker 1: good over there. I mean, give us the lattle in.

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Speaker 1: So if Trump gets re elected, Mark Collabrio will stay

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Speaker 1: in as the director of fh f A, which is

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Speaker 1: the regulator that sits on top of Fannie and Freddie,

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Speaker 1: and he's very focused on trying to privatize Fannie and

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Speaker 1: Freddie and get them out and off the federal government's

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Speaker 1: balance sheet. And it's very clear that if that, if

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Speaker 1: President Trump is re elected, uh DR Collabory would continue

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Speaker 1: down that path. If Vice President Biden is elected, the

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Speaker 1: path forward is a little bit less clear for two reasons.

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Speaker 1: One the role of the fhf A director. Um there's

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Speaker 1: actually a court case about whether the director has a

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Speaker 1: full five year term or whether the director is at

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Speaker 1: the at the pleasure of the president. That court case

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Speaker 1: is being actually heard in early December by the Supreme Court.

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Speaker 1: Depending on their ruling there. Many believe that court case

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Speaker 1: will follow a previous decision on the Consumer Financial Protection

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Speaker 1: Bureau where the court ruled that the director of the

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Speaker 1: CFPB is at the pleasure of the president. And if

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Speaker 1: that's the case, then Biden would have the ability to

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Speaker 1: change out the h f A director, which could change

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Speaker 1: the future of the agencies and potentially revert back to

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Speaker 1: a policy that was much more like the policy held

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Speaker 1: during the Obama administration, which has keep them as these

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Speaker 1: sort of quasi parts of the federal government, control them,

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Speaker 1: regulate them, and make sure that they're providing a lot

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Speaker 1: of capital to the market. This is brilliant. This is brilliant, folks,

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Speaker 1: because what he just did there was take us inside

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Speaker 1: and highlight how the personalities and the politics are impacting

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Speaker 1: the policies. So, I mean, because, folks, if you get

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Speaker 1: in a situation where their Senator Elizabeth Warren is running

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Speaker 1: the Consumer Financial Protection Bureau or someone akin to her ideology,

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Speaker 1: what I'm hearing from Willy Walker right now on the

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Speaker 1: on the telephone is that there could be some significant

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Speaker 1: significant changes into into housing finance that trickled down well

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Speaker 1: into the markets. And my wrong, Willie or do I

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Speaker 1: have am I onto something? No? I mean, look, elections

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Speaker 1: have consequences, as the President has said several times, and um,

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Speaker 1: I think one of the things people have to think

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Speaker 1: about is it's not just who's in the West wind,

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Speaker 1: it's also who's running Treasury as well as who's controlling

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Speaker 1: the committees on Capitol Hill. And so an example there

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Speaker 1: would be that the ranking member of the Senate Banking

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Speaker 1: Committee is Shared Brown, a Democrat from the state of Ohio.

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Speaker 1: The chairman of the Senate Banking Committee today is Senator

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Speaker 1: Creepo from Idaho. The difference in the policies and what

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Speaker 1: they might do from a housing standpoint between Senator Creepo

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Speaker 1: and Senator Brown are quite dramatic. Um. Now, with all

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Speaker 1: that said, Senator Brown is on the record is saying

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Speaker 1: he would try to pursue a model of a King

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Speaker 1: Fanny and Freddie utilities. Now, whether they would be utilities

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Speaker 1: controlled by the federal government or utilities owned by shareholders

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Speaker 1: is something he is not specified. But what I want

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Speaker 1: to make sure is understood here is we really don't

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Speaker 1: know how much of a role the chairman of the

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Speaker 1: Senate Banking Committee would have. If the Senate stays to

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Speaker 1: the Republicans, Senator Crapo would remain as the chairman. If

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Speaker 1: it flips to the Democrats, shared Brown would be the chairman.

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Speaker 1: Likely and um, their view on housing finance reform will

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Speaker 1: change quite dramatically, just as it did when the House

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Speaker 1: flipped to the Democrats and Maxine Waters took over as

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Speaker 1: the Chairman of the House Financial Services Committee. So brilliant,

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Speaker 1: I mean, this is why we're so grateful to have

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Speaker 1: Willie Walker, chairman and CEO of Walker and unlops on

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Speaker 1: the line. And I gotta rip out the scripts of

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Speaker 1: quote my friend and mentor Tom Keena Bloomberg surveillance. You ran.

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Speaker 1: You ran the Boston Marathon in two hours and thirty

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Speaker 1: six minutes. H I did, Kevin, But that's that's ancient history.

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Speaker 1: That's you know, I was I was a young buck

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Speaker 1: when I did that, but I did. How the heck

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Speaker 1: did you do that? Listen? That is incredible. You don't

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Speaker 1: even don't even say that is incredible. Willie Walker. Here's

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Speaker 1: what I'm always going to remember, not just that he's

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Speaker 1: been able to grow h his business during this this

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Speaker 1: pandemic chairman and CEO of Walker and Dunlop, but Willie

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Speaker 1: Walker ran the Boston Marathon in two thirty six. I

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Speaker 1: thought I should get a sticker for going on a

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Speaker 1: forty five minute jog in Nashville in between eight and

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Speaker 1: all the barbecue. Willie Walker, come back any time, my friend.

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Speaker 1: I really appreciate your time to thirty six marathon. Wow,

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Speaker 1: chairman and CEO of Walker and Unlock More coming up next.

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Speaker 1: I'm Kevin Surley. This is Bloomberg from Our Nations. How

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

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

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Speaker 1: United States relationship with China? Bloomberg sound on the insiders,

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Speaker 1: the influencers, the insides. We're responding to this crisis and

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Speaker 1: manufacturers are stepping up like never before. You're looking at

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Speaker 1: seventy kennidates for different vectories. How do we make sure

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Speaker 1: a pandemic of this scale never happens again? This is

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Speaker 1: Bloomberg Sound On with Kevin's relate on Bloomberg one and

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Speaker 1: one oh five point seven f m h D two

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Speaker 1: showdown in Nashville. But what does it mean for the

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Speaker 1: battleground states moving forward? We play it forward into the

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Speaker 1: next seventy two hours on the campaign, as the Biden

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Speaker 1: campaign tries to do some clean up with regards to

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Speaker 1: comments pertaining to the energy sector. We unpack it all

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Speaker 1: of that, plus confirmation process proceeding for John Jamie Corney,

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Speaker 1: Barrett looking like a shoe in to get on the bench,

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Speaker 1: and my colleague Jonathan Farroll spoke to Larry Cudlow. I'll

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Speaker 1: play some of that as well, and we go geo

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Speaker 1: political around the world with Garshamali. Lots to get through.

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Speaker 1: I'm still in Nashville. I don't want to leave. I

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Speaker 1: love it here. Get ready for the sprint as we

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Speaker 1: head into November three, elections. This as somewhat of upwards

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Speaker 1: of forty plus million people have already voted in this

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Speaker 1: presidential election, but it's now a get out the vote

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Speaker 1: effort for both campaigns, and front and center at the

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Speaker 1: last night's debate end Nashville was the energy sector. Take

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Speaker 1: a listen to President Trump and Joe Biden battling it

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Speaker 1: out on energy policy. Here they are it has to

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Speaker 1: be replaced by renewable energy over time, over time, and

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Speaker 1: I'd stopped giving to the oil industry. I'd stopped giving

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Speaker 1: them federal subsidies. He won't give federal subsidies to the

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Speaker 1: gas and should shoose me to the too, uh solar

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Speaker 1: and win? Why are we giving it to oil industry?

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Speaker 1: A transition from the industry? Yes, transition statement, because I

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Speaker 1: would stop because the oil industry pollutes significantly. That was

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Speaker 1: President Trump as well as Democratic presidential nominee Joe Biden

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Speaker 1: last night at the Nashville debate speaking about energy policy,

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Speaker 1: and it has prompted some backlash from vulnerable Democrats who

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Speaker 1: are now having to distance themselves from Biden's uh oil comments.

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Speaker 1: You know, you look at someone like Kendra Horne, for example,

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Speaker 1: who is running in Oklahoma District five. She tweeted out,

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Speaker 1: here's one of the places Biden and I disagree. We

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Speaker 1: must stand up for our oil and gas industry. We

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Speaker 1: need an all of the above energy approach, and that's

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Speaker 1: consumer friendly values and energy independence and protects Oklahoma jobs.

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Speaker 1: It's fascinating, fascinating to see people in Connor lamp countries

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Speaker 1: all over all over the country, Texas, which was in

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Speaker 1: play for the Democrats. Now this energy issue front and center.

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Speaker 1: That's what we're gonna focus on tonight. Mattie Tuppler's with me.

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Speaker 1: Founder of Former Strategies, senior fellow at the National Taxpayers Union,

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Speaker 1: and a former coalitions director for the House Republican Conference.

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Speaker 1: Brian Broke, all political advisor to California Governor Gavin Newsom

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Speaker 1: and the former campaign manager for Kamala Harris's successful candidacy

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Speaker 1: for California Attorney General in two thousand and ten. Brian

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Speaker 1: split the difference for me, two folks who are confused

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Speaker 1: as to whether or not whether or not h Biden

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Speaker 1: would go to the AOC crowd and the Green New

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Speaker 1: Deal or fight for those union refinery jobs. What is it, bribe?

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Speaker 1: I think he can do both and how first of all,

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Speaker 1: I mean the fact that the idea that this election

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Speaker 1: is now somehow going to shift from a referendum on

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Speaker 1: Trump and all of his failures of the last four

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Speaker 1: years and how he has totally missed man this COVID

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Speaker 1: pandemic to now a debate over whether or not we're

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Speaker 1: ultimately going to transition away from fossil fuels into a

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Speaker 1: mix of alternative energies, which, by the way, most Republicans

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Speaker 1: are also with. I think it's absurd that all of

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Speaker 1: a sudden the debate's gonna have turned overnight. So of

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Speaker 1: course it gives the Republicans something to latch onto for today.

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Speaker 1: But I think we're gonna be talking about a lot

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Speaker 1: of different things over the next two weeks. Well wait

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Speaker 1: a minute, though, because because I see what you did there, Bride.

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Speaker 1: But it's Friday, so let's have fun. Let's I'm in Nashville.

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Speaker 1: Let's square dance, shall we, buddy? Okay, So no, that's

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Speaker 1: not what I said. I didn't say the dynamics of

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Speaker 1: the race we're going to change. Raised an issue as

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Speaker 1: it relates to energy policy, where if the if there

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Speaker 1: is a president Biden, as is increasingly looking like he's

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Speaker 1: leading in the battleground polls. What is he going to

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Speaker 1: do Because there are several families across the country in

429
00:24:48,800 --> 00:24:52,040
Speaker 1: parts of the country like Texas, uh, and like in

430
00:24:52,040 --> 00:24:55,600
Speaker 1: in Pennsylvania and Michigan and Wisconsin and Marcus Hook, which

431
00:24:55,640 --> 00:24:58,840
Speaker 1: is an area that Joe Biden referenced last night, where

432
00:24:58,880 --> 00:25:02,560
Speaker 1: there are refinery workers who are Kennedy Catholics, who are

433
00:25:02,560 --> 00:25:06,320
Speaker 1: blue collar union workers who have had incredible careers working

434
00:25:06,320 --> 00:25:10,720
Speaker 1: out refineries. Okay, uh And and so when you're talking

435
00:25:10,720 --> 00:25:13,600
Speaker 1: to them, and and those people are listening right now,

436
00:25:14,000 --> 00:25:16,360
Speaker 1: and they're trying to say, hey, wait a minute. I

437
00:25:16,400 --> 00:25:18,640
Speaker 1: was with Joe Biden. I was there when he said

438
00:25:18,680 --> 00:25:22,480
Speaker 1: he wanted to appeal to John Case at crowd Republicans.

439
00:25:22,640 --> 00:25:24,200
Speaker 1: And then all of a sudden, he's saying he wants

440
00:25:24,240 --> 00:25:26,919
Speaker 1: to have no emissions by five and they haven't been

441
00:25:26,920 --> 00:25:29,840
Speaker 1: able to go to work since March Brian broke all.

442
00:25:29,880 --> 00:25:33,080
Speaker 1: That's that's a that's that's a serious, serious statement from

443
00:25:33,080 --> 00:25:36,280
Speaker 1: the from the standard bearer of the Democratic Party. So

444
00:25:36,320 --> 00:25:38,840
Speaker 1: I don't think Joe Biden actually said anything last night

445
00:25:38,880 --> 00:25:41,440
Speaker 1: that he or Democrats haven't been saying for a long time.

446
00:25:41,440 --> 00:25:43,760
Speaker 1: There was nothing in what he said about getting rid

447
00:25:43,760 --> 00:25:46,720
Speaker 1: of the fossil fuel industry overnight. We're talking about a

448
00:25:46,840 --> 00:25:50,359
Speaker 1: long term transition, a transition that is already underway thanks

449
00:25:50,359 --> 00:25:53,040
Speaker 1: to market forces, the same market forces that my friend

450
00:25:53,080 --> 00:25:55,679
Speaker 1: Maddie loves to talk about. This is already happening and

451
00:25:55,760 --> 00:25:59,440
Speaker 1: already underway. These jobs that you're talking about are good

452
00:25:59,520 --> 00:26:02,760
Speaker 1: union up, the same unions that are primarily supporting Joe Biden.

453
00:26:03,080 --> 00:26:05,160
Speaker 1: So I don't think there was I think they're making

454
00:26:05,240 --> 00:26:08,080
Speaker 1: you know, a lot about uh, not too much with

455
00:26:08,119 --> 00:26:10,159
Speaker 1: what he said last night. What he talked about was

456
00:26:10,200 --> 00:26:14,200
Speaker 1: a long term transition that's already underway away from total

457
00:26:14,200 --> 00:26:17,439
Speaker 1: dependency on fossil fuels into a mix of alternative sources

458
00:26:17,440 --> 00:26:19,320
Speaker 1: of energy. Now he thought they're coming here. What did

459
00:26:19,320 --> 00:26:23,119
Speaker 1: you make it? There's the energy comments from last night. Well,

460
00:26:23,119 --> 00:26:25,160
Speaker 1: Brian let the cat of the bag. The fact that

461
00:26:25,240 --> 00:26:27,600
Speaker 1: he and I are friends from across the Aisle. I

462
00:26:27,640 --> 00:26:30,800
Speaker 1: wish more Democrats stunted like Brian talking about in all

463
00:26:30,840 --> 00:26:33,400
Speaker 1: of the above energy policy. But the fact that matter

464
00:26:33,520 --> 00:26:36,200
Speaker 1: is that Vice President Vices is in a tough spot

465
00:26:36,320 --> 00:26:38,840
Speaker 1: right now coming off the debate. You know, it was

466
00:26:38,920 --> 00:26:42,639
Speaker 1: interesting to me reading a lot of the you know,

467
00:26:42,720 --> 00:26:45,760
Speaker 1: the armschair quarterback in this morning, a lot of people saying,

468
00:26:45,760 --> 00:26:48,560
Speaker 1: you know, Biden didn't really mean what he said. He

469
00:26:48,680 --> 00:26:50,880
Speaker 1: came off a little bit too hot on the comments

470
00:26:51,000 --> 00:26:53,560
Speaker 1: on oil and natural gas. I mean, oil, natural gas

471
00:26:53,600 --> 00:26:55,840
Speaker 1: supply ten million jobs in this country. They're almost six

472
00:26:55,920 --> 00:26:58,359
Speaker 1: percent of the workforce. But as you pointed out Kevin

473
00:26:58,720 --> 00:27:00,919
Speaker 1: David on tough times a couple of months, I mean,

474
00:27:00,920 --> 00:27:03,840
Speaker 1: the predictions now for the last for the next couple

475
00:27:03,880 --> 00:27:07,200
Speaker 1: of years is that the demand for oil will not

476
00:27:07,320 --> 00:27:10,840
Speaker 1: recover from the drop due to coronavirus. That is a

477
00:27:10,920 --> 00:27:13,600
Speaker 1: huge pressure on this industry and a lot of people

478
00:27:13,640 --> 00:27:16,080
Speaker 1: who depend on that for their job are looking at

479
00:27:16,080 --> 00:27:18,199
Speaker 1: the industry thinking what is next for us? So I

480
00:27:18,240 --> 00:27:23,040
Speaker 1: think that for Joe Biden, Joe Biden, you know from Delaware, Scranton,

481
00:27:23,240 --> 00:27:25,760
Speaker 1: Joe Biden, for him to be able to have a

482
00:27:25,800 --> 00:27:28,600
Speaker 1: message that connects with that type of voter, that kind

483
00:27:28,640 --> 00:27:31,640
Speaker 1: of middle of the road, rough belt voter, he needs

484
00:27:31,680 --> 00:27:33,200
Speaker 1: to be able to answer that question. I think in

485
00:27:33,240 --> 00:27:37,240
Speaker 1: the debate last night what he did was so seeds

486
00:27:37,320 --> 00:27:39,920
Speaker 1: of doubt for the kind for the voter who's watching

487
00:27:40,080 --> 00:27:42,879
Speaker 1: wondering which candidate is they're going to answer that question

488
00:27:42,920 --> 00:27:45,560
Speaker 1: for them, which is what is next vous industry exactly?

489
00:27:45,640 --> 00:27:47,040
Speaker 1: Is it going to be an energy sector? Is it

490
00:27:47,080 --> 00:27:50,119
Speaker 1: going to be Energy Secretary at Rendell or Energy Secretary

491
00:27:50,160 --> 00:27:53,399
Speaker 1: ao C? I mean, seriously, folks, that's that's the big question.

492
00:27:53,440 --> 00:27:56,440
Speaker 1: And obviously I'm not suggesting either of those people before

493
00:27:56,480 --> 00:27:58,760
Speaker 1: Brian says ao C will not be energy secretary. I

494
00:27:58,800 --> 00:28:00,639
Speaker 1: get it, Brian, I'm t I'm you know, I'm on

495
00:28:00,640 --> 00:28:04,560
Speaker 1: the radio. I'm talking ideologically which person and that is

496
00:28:04,600 --> 00:28:07,040
Speaker 1: going to be the energy secretary. And I've made this

497
00:28:07,080 --> 00:28:10,360
Speaker 1: point for several several times, which is that these debates

498
00:28:10,359 --> 00:28:14,359
Speaker 1: are important because it's an opportunity for the voter like

499
00:28:14,480 --> 00:28:19,560
Speaker 1: that refinery that like that that mother of three refinery worker,

500
00:28:19,960 --> 00:28:23,800
Speaker 1: it's an swing voter. It's an opportunity for her to

501
00:28:24,000 --> 00:28:28,080
Speaker 1: get an understanding of what their tax policies and what

502
00:28:28,240 --> 00:28:30,800
Speaker 1: their bottom line is going to be looking like around

503
00:28:30,800 --> 00:28:33,800
Speaker 1: the corner. And quite honestly, we didn't get clarity on

504
00:28:33,800 --> 00:28:36,119
Speaker 1: whether or not he's gonna expand the Supreme Court. We

505
00:28:36,160 --> 00:28:38,280
Speaker 1: didn't get clarity on what he's gonna do on the

506
00:28:38,360 --> 00:28:41,480
Speaker 1: energy policy. That's by design, based upon my reporting and

507
00:28:41,520 --> 00:28:43,760
Speaker 1: it's a strategy that is fueling him to victory in

508
00:28:43,760 --> 00:28:47,560
Speaker 1: Pennsylvania where African American turnout is surging in Philadelphia, and

509
00:28:47,640 --> 00:28:50,360
Speaker 1: it's something that President Trump won in two thousand and

510
00:28:50,400 --> 00:28:53,760
Speaker 1: sixteen in that state. And clearly Pennsylvania is trending in

511
00:28:53,800 --> 00:28:57,440
Speaker 1: another direction this cycle. But there are several questions on

512
00:28:57,480 --> 00:28:59,920
Speaker 1: policy if you're a policy nerd, like all three of us,

513
00:29:00,000 --> 00:29:03,240
Speaker 1: several questions Panel stays. Much more Coming up next, Mattie Doubler,

514
00:29:03,280 --> 00:29:05,240
Speaker 1: Brian Broke. All, I'm Kevin Cirelli, and I'm the chief

515
00:29:05,240 --> 00:29:08,680
Speaker 1: Washington correspondent for Bloomberg Television and for Bloomberg Radio, and

516
00:29:08,720 --> 00:29:39,040
Speaker 1: you're listening to Bloomberg. This is Bloomberg Sound On with

517
00:29:39,120 --> 00:29:43,600
Speaker 1: Kevin Surrelate on Bloomberg and one oh five point seven

518
00:29:43,640 --> 00:29:46,680
Speaker 1: f M h D two. I'm Kevin Cirelli, chief Washington

519
00:29:46,680 --> 00:29:49,840
Speaker 1: correspondent for Bloomberg Television and Bloomberg Radio. Coming up, I'm

520
00:29:49,840 --> 00:29:52,880
Speaker 1: gonna play for you my colleague Jonathan Farrow's interview with

521
00:29:53,080 --> 00:29:57,800
Speaker 1: Larry Cudlow from earlier today on the economy and what's

522
00:29:57,840 --> 00:30:00,400
Speaker 1: going on with those fiscal stimulus talks. Because it's just

523
00:30:00,520 --> 00:30:03,360
Speaker 1: every day up and down, up and down with me

524
00:30:03,480 --> 00:30:06,680
Speaker 1: for the hour. I've got an all star panel. Maddie Duppler,

525
00:30:07,000 --> 00:30:10,880
Speaker 1: founder of Forward Strategy, senior fellow at the National Taxpayers Union,

526
00:30:10,880 --> 00:30:14,080
Speaker 1: and the former Coalitions director for the House Republican Conference.

527
00:30:14,080 --> 00:30:19,040
Speaker 1: Brian Rocal, political advisor for California Governor Gavin Newsom, the

528
00:30:19,080 --> 00:30:22,680
Speaker 1: former campaign manager for Kamala Harris is successful candidacy for

529
00:30:22,760 --> 00:30:27,360
Speaker 1: California Attorney generals. And Brian, you actually worked on John

530
00:30:27,480 --> 00:30:30,280
Speaker 1: Edwards two thousand four Iowa caucus and then you went

531
00:30:30,360 --> 00:30:33,560
Speaker 1: here to where I am, Tennessee in the primaries. What

532
00:30:33,560 --> 00:30:38,320
Speaker 1: do you remember about Tennessee? Oh? Wow, well, great food

533
00:30:38,360 --> 00:30:43,560
Speaker 1: for starters. I was in Nashville, Yeah, and I had

534
00:30:43,560 --> 00:30:46,640
Speaker 1: a great time there. That was our biggest competition, aside

535
00:30:46,640 --> 00:30:48,680
Speaker 1: from John Kerry was West Clark. If you want to

536
00:30:48,680 --> 00:30:53,640
Speaker 1: think about how long ago that was, back in the day.

537
00:30:53,640 --> 00:30:55,960
Speaker 1: I remember then it was Dick DeepArt, remember that, and

538
00:30:55,960 --> 00:30:59,200
Speaker 1: then all that It was the whole thing, the whole thing.

539
00:30:59,320 --> 00:31:01,280
Speaker 1: All right, Mattie up there now, I gotta put you

540
00:31:01,280 --> 00:31:04,120
Speaker 1: in the hot seat because Republicans are lagging in the

541
00:31:04,880 --> 00:31:08,440
Speaker 1: in the in the swing states. You know, I yesterday

542
00:31:08,640 --> 00:31:11,560
Speaker 1: at the debate site, I was talking with some Trump

543
00:31:11,680 --> 00:31:16,160
Speaker 1: re election campaign sources, and they're very worried about your state, Wisconsin.

544
00:31:16,520 --> 00:31:19,400
Speaker 1: I mean, they're very married about Wisconsin, and they are

545
00:31:19,600 --> 00:31:22,680
Speaker 1: very worried about Arizona, a state that Trump carried by

546
00:31:22,680 --> 00:31:25,440
Speaker 1: three and a half percentage points back in sixteen and

547
00:31:25,440 --> 00:31:28,120
Speaker 1: now was all but moving and slipping away and going

548
00:31:28,200 --> 00:31:31,320
Speaker 1: right to Joe Biden. Pennsylvania is something that they're not

549
00:31:31,400 --> 00:31:34,880
Speaker 1: even you know, really, I mean, they're gonna campaign there,

550
00:31:34,920 --> 00:31:37,000
Speaker 1: but you know, I mean it's looking at like an

551
00:31:37,080 --> 00:31:39,880
Speaker 1: uphill battle to win back p A. But Wisconsin in

552
00:31:39,920 --> 00:31:42,640
Speaker 1: Arizona they feel that they got to win them. And

553
00:31:42,760 --> 00:31:47,200
Speaker 1: one senior Republican source told me if they lose Arizona,

554
00:31:47,640 --> 00:31:52,480
Speaker 1: it's gonna be rough of rough night for Republicans. Yeah, can't.

555
00:31:52,520 --> 00:31:56,120
Speaker 1: That's right. I mean in one sense, Arizona, of course

556
00:31:56,440 --> 00:32:00,080
Speaker 1: is on a later time zone, so it's uh. And

557
00:32:00,440 --> 00:32:03,200
Speaker 1: I think that if we've already seen where the rust

558
00:32:03,240 --> 00:32:06,840
Speaker 1: Belt is going, Arizona will be in some ways loss important. Um.

559
00:32:06,880 --> 00:32:10,760
Speaker 1: But you know, the rust belt is where Trump and

560
00:32:10,880 --> 00:32:15,200
Speaker 1: his message that was couched as a populous economic message

561
00:32:15,240 --> 00:32:18,360
Speaker 1: really gained traction, right. I Mean, that's where you saw

562
00:32:18,520 --> 00:32:22,440
Speaker 1: the millions of voters who voted for Barack Obama switched

563
00:32:22,440 --> 00:32:24,400
Speaker 1: over and vote for Donald Trump because they wanted to

564
00:32:24,440 --> 00:32:27,479
Speaker 1: see an outsider. They wanted to see someone in the

565
00:32:27,520 --> 00:32:30,000
Speaker 1: White House who was saying the things that they had

566
00:32:30,040 --> 00:32:33,600
Speaker 1: been feeling for years, which is that they felt left behind,

567
00:32:34,040 --> 00:32:37,880
Speaker 1: um by the economic recovery. So you know, what President

568
00:32:37,920 --> 00:32:41,440
Speaker 1: Trump needs to do is to have an economic message

569
00:32:41,480 --> 00:32:44,440
Speaker 1: that continues to resonate with those voters. And I think

570
00:32:44,520 --> 00:32:47,440
Speaker 1: that you know, we talked about Wisconsin. As listeners know,

571
00:32:47,600 --> 00:32:50,360
Speaker 1: I'm from Wisconsin. I spent the summer in Wisconsin with

572
00:32:50,400 --> 00:32:53,320
Speaker 1: my family, and Wisconsin is struggling on a number of

573
00:32:53,360 --> 00:32:56,600
Speaker 1: fronts right now. Farmers are under a lot of pressurous

574
00:32:56,600 --> 00:32:59,880
Speaker 1: thanks to President Trump's trade wars. You've gotten me in

575
00:33:00,040 --> 00:33:02,800
Speaker 1: you facturing, continue to grapple with a coronavirus, and of

576
00:33:02,840 --> 00:33:06,040
Speaker 1: course you've got a public health threat, uh that has

577
00:33:06,080 --> 00:33:08,680
Speaker 1: really taken hold of this state. And you know, I'm

578
00:33:08,720 --> 00:33:10,640
Speaker 1: back in d C. You might be a Nashville cab,

579
00:33:10,680 --> 00:33:12,840
Speaker 1: but I'm back in DC where it's eighty degrees and sunny.

580
00:33:13,280 --> 00:33:15,960
Speaker 1: In Wisconsin and Minnesota, winter has started and that's going

581
00:33:16,000 --> 00:33:19,080
Speaker 1: to create even more pressure on the public health situation

582
00:33:19,120 --> 00:33:21,600
Speaker 1: as people have to be indoors and they can't go outside.

583
00:33:21,640 --> 00:33:23,360
Speaker 1: And all of the things we've been able to do

584
00:33:23,440 --> 00:33:25,920
Speaker 1: over the summer that have allowed a low American economy

585
00:33:25,960 --> 00:33:27,840
Speaker 1: to be more resilient, we're not going to be available

586
00:33:27,880 --> 00:33:30,520
Speaker 1: to us in the Midwest. Maddy played political strategies for me.

587
00:33:30,560 --> 00:33:32,320
Speaker 1: I mean, talk to me about Wisconsin. Talk to me

588
00:33:32,400 --> 00:33:35,680
Speaker 1: about the geography, How does how does uh? Are you?

589
00:33:35,800 --> 00:33:38,000
Speaker 1: Are you hearing that that Wisconsin is going to slip

590
00:33:38,000 --> 00:33:40,280
Speaker 1: away from Republicans? And and and is it too late

591
00:33:40,320 --> 00:33:43,360
Speaker 1: for Republicans to turn the tide. I think it's gonna

592
00:33:43,400 --> 00:33:46,640
Speaker 1: matter in one sense who turns up to vote, but

593
00:33:46,720 --> 00:33:49,800
Speaker 1: in another and where they're voting about, right exactly and

594
00:33:49,840 --> 00:33:52,280
Speaker 1: what they're voting about. People, You remember this about Wisconsin.

595
00:33:52,400 --> 00:33:54,800
Speaker 1: Wisconsin is Milwaukee and Madison, and then the rest of

596
00:33:54,800 --> 00:33:57,480
Speaker 1: the state. Milwaukee and Madison are the two big urban

597
00:33:57,560 --> 00:34:01,520
Speaker 1: hubs that typically break away up from the rest of

598
00:34:01,560 --> 00:34:05,800
Speaker 1: this date, Northern Wisconsin is a completely different world entirely

599
00:34:06,240 --> 00:34:11,040
Speaker 1: then the suburbs of Milwaukee. And President Trump what he

600
00:34:11,160 --> 00:34:15,320
Speaker 1: was able to do was create a message in ten

601
00:34:15,960 --> 00:34:20,200
Speaker 1: that really resonated and drove people to vote in northern Wisconsin.

602
00:34:20,600 --> 00:34:23,680
Speaker 1: What he needs to do this time around as well,

603
00:34:24,360 --> 00:34:27,360
Speaker 1: is have a message that gets people excited about voting.

604
00:34:27,400 --> 00:34:29,279
Speaker 1: Even though you know, we've talked a lot about this

605
00:34:29,440 --> 00:34:32,000
Speaker 1: on the Democratic side, whether or not Biden excites the

606
00:34:32,040 --> 00:34:35,359
Speaker 1: base enough gets enough people out to vote. Trump has

607
00:34:35,400 --> 00:34:39,600
Speaker 1: the same challenge in northern Wisconsin where northern you know,

608
00:34:39,600 --> 00:34:41,520
Speaker 1: I say normal coonsin as an analog to kind of

609
00:34:41,520 --> 00:34:43,839
Speaker 1: the rest of the rest belt where he was able

610
00:34:43,880 --> 00:34:46,120
Speaker 1: to make a difference in Michigan, Wisconsin and Haslvania in

611
00:34:46,120 --> 00:34:48,879
Speaker 1: twenty sixteen. He needs to have a message that gets

612
00:34:48,960 --> 00:34:53,080
Speaker 1: people feeling like their personal fortunes are on the line

613
00:34:53,120 --> 00:34:55,960
Speaker 1: if they don't vote. Uh. And it remains to be

614
00:34:56,000 --> 00:34:58,120
Speaker 1: seen whether or not he's done enough to be able

615
00:34:58,120 --> 00:35:00,879
Speaker 1: to accomplish that in tw take as in the former

616
00:35:00,960 --> 00:35:04,640
Speaker 1: Vice President Joe Biden speaking last night accusing President Trump

617
00:35:04,800 --> 00:35:08,120
Speaker 1: of deepening the nation's racial divisions. Here he is, we've

618
00:35:08,120 --> 00:35:12,160
Speaker 1: always constantly been moving the nettle further and further to inclusion,

619
00:35:12,560 --> 00:35:15,480
Speaker 1: not exclusion. This is the first president come along and

620
00:35:15,520 --> 00:35:17,600
Speaker 1: says that's the end of that. We're not going to

621
00:35:17,719 --> 00:35:21,440
Speaker 1: do that anymore. And meanwhile, President Trump addressing Biden directly

622
00:35:21,520 --> 00:35:23,400
Speaker 1: to say that he ran for office to correct the

623
00:35:23,520 --> 00:35:27,680
Speaker 1: errors of the Obama Biden administration. Take a listen to that, Joe,

624
00:35:27,840 --> 00:35:31,480
Speaker 1: I ran because of you. I ran because of Barack Obama,

625
00:35:31,640 --> 00:35:33,719
Speaker 1: because you did a poor job. If I thought you

626
00:35:33,760 --> 00:35:36,160
Speaker 1: did a good job, I would have never run. Brian

627
00:35:36,200 --> 00:35:38,319
Speaker 1: broke all when I when I hear uh, when I

628
00:35:38,320 --> 00:35:40,040
Speaker 1: hear Matty Duppler, give us the lay of the land

629
00:35:40,080 --> 00:35:42,640
Speaker 1: on the battleground state like Wisconsin, and and again bring

630
00:35:42,719 --> 00:35:44,800
Speaker 1: up the cities and the turnout and just how important

631
00:35:44,840 --> 00:35:48,040
Speaker 1: turnout is going to be for Democrats to win battleground

632
00:35:48,040 --> 00:35:50,280
Speaker 1: states just by a couple of thousand. I mean, remember

633
00:35:50,360 --> 00:35:53,160
Speaker 1: Hillary one the popular vote, but in these battleground states

634
00:35:53,200 --> 00:35:56,400
Speaker 1: it was Razor. Razor did And so that's the strategy,

635
00:35:56,480 --> 00:35:59,520
Speaker 1: right to really push turnout in the cities in order

636
00:35:59,560 --> 00:36:03,040
Speaker 1: to flip just some of these battleground states. Increased the turnout,

637
00:36:03,040 --> 00:36:06,000
Speaker 1: and Philly increases the turnout, and uh and the and

638
00:36:06,040 --> 00:36:08,640
Speaker 1: the and Madison and whatnot? Is that? Is that? Is

639
00:36:08,640 --> 00:36:11,840
Speaker 1: that the strategy? Brian? It is And and you know,

640
00:36:11,880 --> 00:36:13,759
Speaker 1: I am not one of these people who believe that

641
00:36:13,800 --> 00:36:16,080
Speaker 1: this race is over by a long shot. I think

642
00:36:16,480 --> 00:36:18,319
Speaker 1: it's it's going to be close right up to the

643
00:36:18,440 --> 00:36:21,239
Speaker 1: very end, and of course it comes down to turn out,

644
00:36:21,239 --> 00:36:23,680
Speaker 1: which is the biggest cliche in politics, but in this

645
00:36:23,719 --> 00:36:26,919
Speaker 1: case it's very true. But the you know, the bad

646
00:36:26,960 --> 00:36:29,840
Speaker 1: news for Donald Trump is that with early voting taking

647
00:36:29,840 --> 00:36:32,680
Speaker 1: place all over the country and him behind in the

648
00:36:32,719 --> 00:36:36,600
Speaker 1: polls consistently in battleground states, those votes are coming in

649
00:36:36,680 --> 00:36:38,840
Speaker 1: are reflective of where he is in the poll today.

650
00:36:39,160 --> 00:36:42,520
Speaker 1: And last night at his debate, you know, anything, you know,

651
00:36:42,560 --> 00:36:45,160
Speaker 1: short of a self immolation, was going to be an

652
00:36:45,200 --> 00:36:48,520
Speaker 1: improvement on his prior debate performance. So um, you know,

653
00:36:48,560 --> 00:36:51,320
Speaker 1: by that standard, I guess he did better than previously,

654
00:36:51,400 --> 00:36:53,799
Speaker 1: but he didn't do anything to change the dynamic of

655
00:36:53,840 --> 00:36:56,360
Speaker 1: the race. And Joe Biden and Joe Biden had a

656
00:36:56,360 --> 00:36:59,000
Speaker 1: good debate. I thought Trump was better than his first debate,

657
00:36:59,040 --> 00:37:01,080
Speaker 1: but that's not going to shift thing. So I think

658
00:37:01,080 --> 00:37:02,400
Speaker 1: he is in a in a world of her and

659
00:37:02,480 --> 00:37:04,880
Speaker 1: it's going to be a hard Uh. It's gonna be

660
00:37:04,920 --> 00:37:07,399
Speaker 1: tough for him to turn things around over the next

661
00:37:07,440 --> 00:37:09,000
Speaker 1: few days in a way that really makes a big

662
00:37:09,040 --> 00:37:11,640
Speaker 1: difference for him. Alright, coming up, we go geo political.

663
00:37:11,719 --> 00:37:15,560
Speaker 1: What happened in Sudan today? I'm Kevin Cerelli Panel stays

664
00:37:15,800 --> 00:37:36,120
Speaker 1: you're listening to Bloomberg nine and nine one. You're listening

665
00:37:36,200 --> 00:37:40,799
Speaker 1: to Bloomberg. Sound on with Kevin currelate on Bloomberg and

666
00:37:40,840 --> 00:37:43,000
Speaker 1: one on five point seven f M h D two.

667
00:37:43,800 --> 00:37:47,480
Speaker 1: I'm Kevin Cirelli, Chief Washington correspondent for Bloomberg Television and

668
00:37:47,560 --> 00:37:53,880
Speaker 1: for Bloomberg Radio. Fiscal stimulus talks driving investor, driving investor

669
00:37:54,000 --> 00:37:57,640
Speaker 1: sentiment and movement up on the street. As they say,

670
00:37:57,719 --> 00:38:02,200
Speaker 1: most US stocks rose after the of Administration resuscitated hopes

671
00:38:02,239 --> 00:38:04,839
Speaker 1: for a spending package. Treasuries remained high, or reading from

672
00:38:04,840 --> 00:38:07,920
Speaker 1: the Bloomberg terminal the SMP five higher to pair a

673
00:38:07,960 --> 00:38:10,640
Speaker 1: weekly decline to a raise. Losses after White House Chief

674
00:38:10,640 --> 00:38:13,560
Speaker 1: of Staff Mark Meadows said he expects a deal in

675
00:38:13,600 --> 00:38:15,440
Speaker 1: a day or so. We actually have a sound bite

676
00:38:15,440 --> 00:38:17,680
Speaker 1: from Mark Meadows, and let's take a listen to what

677
00:38:17,719 --> 00:38:21,120
Speaker 1: Mark Meadows told reporters at the White House. Here's Mark Meadows. Oh,

678
00:38:21,200 --> 00:38:22,640
Speaker 1: we don't we don't have that sumbit. We don't have

679
00:38:22,680 --> 00:38:25,200
Speaker 1: that sambit. But Mark Meadows said that he expects a

680
00:38:25,200 --> 00:38:28,360
Speaker 1: deal in a day or so. Tech shares underperformed after

681
00:38:28,480 --> 00:38:32,120
Speaker 1: Intel plunged more than ten percent, dragging chip makers lower.

682
00:38:32,440 --> 00:38:37,520
Speaker 1: American Express also faltered following earnings, and jiliad Rose after

683
00:38:37,560 --> 00:38:42,440
Speaker 1: his anti viral therapy, became the first drug to formally

684
00:38:42,560 --> 00:38:46,600
Speaker 1: clear to treat COVID nineteen. So all of that is

685
00:38:46,640 --> 00:38:48,800
Speaker 1: what is on the mines of Wall Street. My colleague

686
00:38:48,880 --> 00:38:53,920
Speaker 1: Jonathan Farroh spoke with the National Economic Council Director Larry

687
00:38:53,960 --> 00:38:56,719
Speaker 1: Cudlow from the White House that the ball is not

688
00:38:56,800 --> 00:38:59,319
Speaker 1: moving much on stimulus talks at the moment and that

689
00:38:59,400 --> 00:39:01,720
Speaker 1: he doesn't know bill can get done before the election.

690
00:39:02,080 --> 00:39:04,120
Speaker 1: He added there was good faith on both sides and

691
00:39:04,120 --> 00:39:07,800
Speaker 1: the negotiations. Here's the interview. The ball is not moving

692
00:39:07,920 --> 00:39:10,600
Speaker 1: much right now. I mean the two sides are still

693
00:39:10,600 --> 00:39:15,000
Speaker 1: talking and the committee chairs in the Senate and House,

694
00:39:15,080 --> 00:39:19,200
Speaker 1: the relevant committees, they're talking on a lot of these

695
00:39:19,200 --> 00:39:23,640
Speaker 1: issues appropriations, small business, banking and so forth and so on. So, Uh,

696
00:39:23,680 --> 00:39:26,120
Speaker 1: there's that that's a good thing. On the other hand,

697
00:39:26,120 --> 00:39:30,000
Speaker 1: there's still policy issues that divide the two times the

698
00:39:30,080 --> 00:39:34,000
Speaker 1: two teams. UM President mentioned some of them last night. Uh,

699
00:39:34,160 --> 00:39:37,000
Speaker 1: he doesn't want to bail out poorly run states and

700
00:39:37,040 --> 00:39:40,200
Speaker 1: local governments and their pension funds and so forth. So

701
00:39:40,280 --> 00:39:44,640
Speaker 1: that's an issue. There are other policy issues that remain unresolved.

702
00:39:45,000 --> 00:39:47,799
Speaker 1: So it's very difficult. The clock is taking, as you know,

703
00:39:48,600 --> 00:39:52,080
Speaker 1: be very difficult. Um, even if you had a deal

704
00:39:52,200 --> 00:39:54,600
Speaker 1: the next few days, you've got to go through the

705
00:39:54,640 --> 00:39:56,880
Speaker 1: committee print and then you've got to have votes in

706
00:39:56,960 --> 00:39:59,240
Speaker 1: the House and the Senate. So it's not gonna be easy.

707
00:39:59,440 --> 00:40:02,080
Speaker 1: I don't want to predict anything. I'm just saying, Uh,

708
00:40:02,120 --> 00:40:05,560
Speaker 1: there's more agreement than there was a while back. There

709
00:40:05,560 --> 00:40:11,160
Speaker 1: are still policy disagreements, UM, some numerical disagreements, so we'll

710
00:40:11,160 --> 00:40:14,160
Speaker 1: see it's still up for grabs. Well, let's stop with

711
00:40:14,200 --> 00:40:17,600
Speaker 1: numerical then we get to substance. Larry, what numerical disagreement

712
00:40:17,640 --> 00:40:23,640
Speaker 1: is there right now? Well, I think that in specific areas.

713
00:40:23,680 --> 00:40:26,560
Speaker 1: I mean, I'm not going to get involved in negotiating

714
00:40:26,880 --> 00:40:32,719
Speaker 1: Jonathan this morning, but in specific areas there are numerical issues. Now.

715
00:40:32,760 --> 00:40:37,560
Speaker 1: President Trump, for example, has said, for let's say the checks,

716
00:40:37,880 --> 00:40:41,840
Speaker 1: the mailed out checks for economic assistance, Uh, he's willing

717
00:40:41,880 --> 00:40:45,200
Speaker 1: to bid higher on that, he has no problem. He's

718
00:40:45,239 --> 00:40:48,719
Speaker 1: willing to go with p PP for these small businesses, Uh,

719
00:40:48,800 --> 00:40:53,160
Speaker 1: no problem. He's willing to help the airlines, no problem

720
00:40:53,560 --> 00:40:56,600
Speaker 1: on that score. He's always been willing to do these things.

721
00:40:56,680 --> 00:41:00,719
Speaker 1: He's willing to help the schools as they US transition

722
00:41:00,800 --> 00:41:05,719
Speaker 1: and renovate, to make school openings UH safe and you know,

723
00:41:05,840 --> 00:41:08,200
Speaker 1: cover the health guidelines. He's willing to do that. He's

724
00:41:08,239 --> 00:41:12,040
Speaker 1: not willing, though, to pour lots of money into various

725
00:41:12,040 --> 00:41:17,680
Speaker 1: healthcare schemes that might benefit folks who are not US citizens.

726
00:41:17,719 --> 00:41:20,480
Speaker 1: He has a big problem with that. I just mentioned

727
00:41:20,760 --> 00:41:24,120
Speaker 1: some of the state and local issues and the pension issues,

728
00:41:24,360 --> 00:41:27,520
Speaker 1: and there are other issues at stake. UM. One thing

729
00:41:27,560 --> 00:41:31,280
Speaker 1: that's interesting that's come up UM in the in the

730
00:41:31,400 --> 00:41:35,400
Speaker 1: a Munition Secretary Munition proposal, I'll call it the Republican proposal.

731
00:41:35,880 --> 00:41:40,080
Speaker 1: We are very much we're keen on on shoring for

732
00:41:40,120 --> 00:41:44,920
Speaker 1: all kinds of supply chains, including pharmaceuticals UH and related equipment.

733
00:41:44,960 --> 00:41:47,600
Speaker 1: That's very dar and important, and we would like to

734
00:41:47,680 --> 00:41:50,799
Speaker 1: reward companies that either come to the US for the

735
00:41:50,800 --> 00:41:54,160
Speaker 1: first time i'll move back from China or wherever. So

736
00:41:54,200 --> 00:41:58,360
Speaker 1: we proposed investment tax credits. Apparently the other side doesn't

737
00:41:58,440 --> 00:42:03,239
Speaker 1: like that. We've also proposed deductions for restaurant meals and

738
00:42:03,320 --> 00:42:07,680
Speaker 1: other forms of hospitality and entertainment. Apparently the numbers there

739
00:42:07,719 --> 00:42:10,959
Speaker 1: are sticking points. So I can't go through the entire list.

740
00:42:11,000 --> 00:42:15,439
Speaker 1: I'm just gonna say issues. I think many people feel

741
00:42:15,480 --> 00:42:17,399
Speaker 1: like we're just going around in circles at the moment,

742
00:42:17,440 --> 00:42:20,120
Speaker 1: Larryous we drift towards the election. One question that's been

743
00:42:20,160 --> 00:42:22,560
Speaker 1: asked by by many, in fact, is whether both sides

744
00:42:22,560 --> 00:42:25,239
Speaker 1: are negotiating and good faith. Now, of course you're not

745
00:42:25,239 --> 00:42:26,799
Speaker 1: going to say that about yourself, but I do want

746
00:42:26,800 --> 00:42:28,680
Speaker 1: to do you think the other side is negotiating and

747
00:42:28,680 --> 00:42:31,560
Speaker 1: good faith? Do you think Speak Speaking Pelosi is negotiating

748
00:42:31,560 --> 00:42:34,000
Speaker 1: and good faith? Or is this just political posturing with

749
00:42:34,080 --> 00:42:40,040
Speaker 1: eleven days to go? Well, look, I'm not a political analyst. Uh,

750
00:42:40,080 --> 00:42:43,080
Speaker 1: I don't do personal stuff. I can't get into everybody's said.

751
00:42:43,360 --> 00:42:45,880
Speaker 1: I'm just going to assume that we've been at this

752
00:42:46,000 --> 00:42:49,840
Speaker 1: since July or mid July, that there is good faith

753
00:42:49,960 --> 00:42:52,760
Speaker 1: at this point. I'm not even sure what that means. Look,

754
00:42:52,800 --> 00:42:59,160
Speaker 1: there's very hard headed, experienced professional people engaged in the descriptions.

755
00:42:59,400 --> 00:43:02,200
Speaker 1: There are better is all right. Speaker Pelosi is a

756
00:43:02,280 --> 00:43:05,920
Speaker 1: veteran UH. Mr Munuition is a terrific money man. He

757
00:43:05,960 --> 00:43:09,920
Speaker 1: knows the budget story up and down, including taxes. UH.

758
00:43:09,960 --> 00:43:14,440
Speaker 1: Senator McConnell is a very crafty, wiley veteran in these games.

759
00:43:14,440 --> 00:43:18,000
Speaker 1: So they are engaged. They are talking, Jonathan, and I

760
00:43:18,040 --> 00:43:21,200
Speaker 1: will ascribe how about this, I will ascribe good faith

761
00:43:21,239 --> 00:43:24,240
Speaker 1: to all sides. I'm not going to peck away on that.

762
00:43:24,239 --> 00:43:26,880
Speaker 1: That was Larry Caldlough speaking to my colleague Jonathan Faroll

763
00:43:26,920 --> 00:43:30,640
Speaker 1: earlier today on Bloomberg Television's The Open, which you can

764
00:43:30,640 --> 00:43:34,440
Speaker 1: catch every day at nine am Eastern New York time

765
00:43:35,120 --> 00:43:36,920
Speaker 1: ahead of the opening bell. And of course you can

766
00:43:36,920 --> 00:43:41,600
Speaker 1: catch Jonathan Pharaoh, Tom Keene, Lisa brandmo Witz on Bloomberg

767
00:43:41,719 --> 00:43:45,600
Speaker 1: Surveillance simulcast on Bloomberg Television and Bloomberg Radio every morning

768
00:43:45,960 --> 00:43:49,359
Speaker 1: right here wherever you get your Bloomberg Switching gears. Now

769
00:43:49,360 --> 00:43:51,680
Speaker 1: to geopolitics, because that's really all I ever want to

770
00:43:51,680 --> 00:43:55,040
Speaker 1: talk about, is geo politics. A Garshabaldi, CEO of Gretwich

771
00:43:55,120 --> 00:43:59,640
Speaker 1: Media Strategies, former Treasury spokesperson for Terrorism and Financial Intelligence

772
00:43:59,640 --> 00:44:02,520
Speaker 1: and the is to the great new informative YouTube program

773
00:44:02,560 --> 00:44:08,600
Speaker 1: Oh My World on YouTube. Ug our Big developments, Israel, Sudan,

774
00:44:09,400 --> 00:44:12,319
Speaker 1: what happened? This is a big deal, Kevin All I

775
00:44:12,400 --> 00:44:14,600
Speaker 1: like to talk about geo politics too. I'm so glad

776
00:44:14,960 --> 00:44:17,120
Speaker 1: you asked me about this. So, um, this is a

777
00:44:17,160 --> 00:44:24,040
Speaker 1: big deal. Listen, this is probably looks like we dropped

778
00:44:24,040 --> 00:44:28,600
Speaker 1: Tigar on a Friday. It's okay, though, because what happened today.

779
00:44:29,160 --> 00:44:32,160
Speaker 1: I will tell us about while we try to work

780
00:44:32,200 --> 00:44:35,319
Speaker 1: to get hug Our back on the line. And if

781
00:44:35,360 --> 00:44:38,360
Speaker 1: we get her back on the line, great, they are

782
00:44:38,480 --> 00:44:44,000
Speaker 1: are indefatigable. Crew. Uh, we'll we'll let me know if

783
00:44:44,000 --> 00:44:45,879
Speaker 1: we have Agar. And then in the next block will

784
00:44:45,880 --> 00:44:48,839
Speaker 1: be rejoined by the panel. Uh. So we'll we'll go there.

785
00:44:49,239 --> 00:44:52,520
Speaker 1: Just allow me to catch my breath. And yes, So

786
00:44:52,600 --> 00:44:56,839
Speaker 1: earlier today, Uh, there was some massive new developments as

787
00:44:56,920 --> 00:45:01,800
Speaker 1: it relates to Israel and Sue Dan and the President

788
00:45:01,880 --> 00:45:05,759
Speaker 1: announcing that he is intending to remove Saddan off of

789
00:45:05,800 --> 00:45:11,800
Speaker 1: the terrorism list. He alerted Congress of such and and uh,

790
00:45:11,960 --> 00:45:15,040
Speaker 1: reading from the Bloomberg terminal, now, President Trump says that

791
00:45:15,120 --> 00:45:18,160
Speaker 1: Sudan in Israel have agreed to make peace. The President

792
00:45:18,200 --> 00:45:23,040
Speaker 1: spoke to reporters in the Oval Office earlier. The President

793
00:45:23,120 --> 00:45:26,120
Speaker 1: went on to say, reading from the ap that Sudan

794
00:45:26,160 --> 00:45:29,319
Speaker 1: will start to normalize ties with Israel, making it the

795
00:45:29,440 --> 00:45:34,440
Speaker 1: third Arab state, the third Arab state. Uh. To do

796
00:45:34,640 --> 00:45:37,839
Speaker 1: so as part of US broker deals in the run

797
00:45:37,920 --> 00:45:41,240
Speaker 1: up to election day. The announcement came after the North

798
00:45:41,320 --> 00:45:44,600
Speaker 1: at the North African Nation agreed to put three hundred

799
00:45:44,920 --> 00:45:48,160
Speaker 1: and thirty five million dollars into an Escuero account to

800
00:45:48,239 --> 00:45:52,600
Speaker 1: be used to compensate American victims for terror attacks. So

801
00:45:52,640 --> 00:45:54,160
Speaker 1: we don't have that much time for guard But are

802
00:45:54,160 --> 00:45:57,359
Speaker 1: you there, Yeah, I'm here, Sorry about that, okay. So

803
00:45:57,560 --> 00:46:01,480
Speaker 1: that's what happens in on the on the Sudan Israel front.

804
00:46:01,719 --> 00:46:04,920
Speaker 1: But very quickly, why is that so important? It's a

805
00:46:04,920 --> 00:46:07,920
Speaker 1: big deal because now you have a non Gulf country

806
00:46:08,320 --> 00:46:11,400
Speaker 1: that is signing a piece deal and a normalization agreement

807
00:46:11,400 --> 00:46:16,080
Speaker 1: with Israel, and so you're spanning the geography of the

808
00:46:16,120 --> 00:46:18,640
Speaker 1: Middle Eastern and Arab countries that are in favor of

809
00:46:18,640 --> 00:46:21,840
Speaker 1: pursuing piece of Israel, which could shift the dynamic in

810
00:46:21,920 --> 00:46:25,480
Speaker 1: favor of other countries pursuing peace with Israel. It's also

811
00:46:25,560 --> 00:46:28,280
Speaker 1: going to mean a lot for Sudan future because Sudan

812
00:46:28,360 --> 00:46:30,480
Speaker 1: is trying to get bank loans right now, they're trying

813
00:46:30,520 --> 00:46:32,960
Speaker 1: to push their democracy forward. This is going to put

814
00:46:33,000 --> 00:46:35,120
Speaker 1: them on the right footing in the right path to

815
00:46:35,160 --> 00:46:37,279
Speaker 1: do that. All right, coming up stick Are out, hug Are,

816
00:46:37,320 --> 00:46:40,280
Speaker 1: You're gonna stay with me because we're gonna talk about

817
00:46:40,320 --> 00:46:44,040
Speaker 1: another geopolitical issue that's on your radar, and the panel

818
00:46:44,040 --> 00:46:46,839
Speaker 1: will also tell me what is on their radar as well.

819
00:46:46,920 --> 00:47:20,560
Speaker 1: I'm Kevin Sirelli. You're listening to Bloomberg. Ye, this is

820
00:47:20,600 --> 00:47:25,960
Speaker 1: Bloomberg Sound On with Kevin Surling on Bloomberg and one

821
00:47:25,960 --> 00:47:29,400
Speaker 1: oh five point seven FM h D two of Kevin Sireli,

822
00:47:29,520 --> 00:47:32,880
Speaker 1: Chief watching the correspondent for Boolic Television and form Bloomberg Radio.

823
00:47:33,000 --> 00:47:35,840
Speaker 1: Really interesting to see what happened with Gilelead Science is

824
00:47:35,880 --> 00:47:40,240
Speaker 1: inc rising after its anti viral therapy became the first

825
00:47:40,320 --> 00:47:46,040
Speaker 1: drug formally cleared to treat COVID nineteen. Now let's pay

826
00:47:46,120 --> 00:47:48,800
Speaker 1: it back to what is on my All Star Panels

827
00:47:48,920 --> 00:47:54,120
Speaker 1: radar Garsha Moley, Maddie Doubler, Brian Broke, All, Brian, what's

828
00:47:54,160 --> 00:47:58,640
Speaker 1: on your radar? So in California, we also have an

829
00:47:58,640 --> 00:48:02,759
Speaker 1: election here and ballot measures are always a crazy crazy Uh,

830
00:48:02,840 --> 00:48:04,960
Speaker 1: there's always a huge amount of money spent. There's been

831
00:48:05,000 --> 00:48:07,359
Speaker 1: something like six hundred million dollars that has already been

832
00:48:07,400 --> 00:48:10,960
Speaker 1: spent on the campaigns, two million of which on a

833
00:48:11,120 --> 00:48:15,560
Speaker 1: campaign for a Proposition twenty two, which would consider app

834
00:48:15,600 --> 00:48:18,920
Speaker 1: based drivers like your Uber Lift Door Dash driver to

835
00:48:18,960 --> 00:48:23,239
Speaker 1: be independent contractors and not employees. And Uber and the

836
00:48:23,280 --> 00:48:27,240
Speaker 1: other companies have spent already two hundred million dollars because

837
00:48:27,320 --> 00:48:29,879
Speaker 1: their whole business model is at stake here and right

838
00:48:29,880 --> 00:48:33,160
Speaker 1: now the campaign is really close neck and neck. It's

839
00:48:33,160 --> 00:48:36,480
Speaker 1: possible that if it loses Uber Lift, Door Dash, others

840
00:48:36,560 --> 00:48:39,080
Speaker 1: might shut down operations in the state. And this is

841
00:48:39,120 --> 00:48:41,640
Speaker 1: something that no matter what, we'll have repercussions, I think

842
00:48:41,680 --> 00:48:46,160
Speaker 1: across the country. Fascinating. That's a fascinating one. It's really interesting.

843
00:48:46,160 --> 00:48:48,640
Speaker 1: And here where I am at Nashville, Tennessee, is where

844
00:48:48,640 --> 00:48:50,880
Speaker 1: it lifts headquartered. I didn't know that till I was

845
00:48:50,920 --> 00:48:54,920
Speaker 1: in downtown uh, Nashville, Tennessee. Briant, that's a great one.

846
00:48:55,080 --> 00:48:58,800
Speaker 1: Mattie Duppler, what's on your radar? Well, Cat thanks to

847
00:48:58,840 --> 00:49:00,799
Speaker 1: Brian's I'm gonna do it two for but I'm gonna

848
00:49:00,840 --> 00:49:03,120
Speaker 1: keep it quick. One is that the National Tax Strows

849
00:49:03,160 --> 00:49:05,680
Speaker 1: Dune actually is releasing his ballot guide on Monday that

850
00:49:05,719 --> 00:49:08,400
Speaker 1: will cover ballot measures just like the one that Brian

851
00:49:08,600 --> 00:49:11,560
Speaker 1: just outlined. California is not the only place there's interesting

852
00:49:11,600 --> 00:49:14,600
Speaker 1: things on the balance that affects taxpayers, workers and businesses.

853
00:49:14,640 --> 00:49:16,239
Speaker 1: So I encourage everyone to go check that out when

854
00:49:16,239 --> 00:49:19,719
Speaker 1: that's released on Monday. UM. But secondly, seminus negotiations the

855
00:49:19,760 --> 00:49:21,920
Speaker 1: one thing, because a lot of stuff in the Saminus

856
00:49:21,920 --> 00:49:24,400
Speaker 1: negotiations that's super important. The one thing that I have

857
00:49:24,520 --> 00:49:27,160
Speaker 1: thought is a very interesting question because I'm a tax

858
00:49:27,239 --> 00:49:29,560
Speaker 1: nerd as you know, at my heart, UM, that might

859
00:49:29,600 --> 00:49:34,400
Speaker 1: make it into a stimulus deal is a remote work compromise,

860
00:49:34,440 --> 00:49:37,400
Speaker 1: which would allow people like me, who spent uh several

861
00:49:37,440 --> 00:49:39,879
Speaker 1: months working in different tax jurrefiction from where I live,

862
00:49:40,320 --> 00:49:43,160
Speaker 1: to not be caught up in a maze of different

863
00:49:43,880 --> 00:49:48,080
Speaker 1: tax returns and um income tax rules. I just qualify

864
00:49:48,160 --> 00:49:50,080
Speaker 1: all that work as work done in the office, which

865
00:49:50,080 --> 00:49:52,720
Speaker 1: I think would be hugely important for the economy. Otherwise

866
00:49:52,719 --> 00:49:56,239
Speaker 1: it's going to create a lot of really really troublesome

867
00:49:56,280 --> 00:49:58,640
Speaker 1: barriers come time to follow your taxes next year. What

868
00:49:58,680 --> 00:50:01,080
Speaker 1: about all the people have fled down to the islands,

869
00:50:01,360 --> 00:50:03,560
Speaker 1: you know that I forget what ch island it was,

870
00:50:03,600 --> 00:50:07,360
Speaker 1: but they like waived the you know, the visa or something,

871
00:50:07,560 --> 00:50:09,880
Speaker 1: and a lot of Americans, dang whatever that is. I

872
00:50:09,880 --> 00:50:11,960
Speaker 1: wish I had gotten that deal. I just went to Wisconsin.

873
00:50:12,160 --> 00:50:16,760
Speaker 1: Are you a country music fan? Me? No, I'm okay

874
00:50:16,800 --> 00:50:19,040
Speaker 1: with country music. I saw Keith Urban before I got big,

875
00:50:19,120 --> 00:50:21,120
Speaker 1: at the Brown County Fair. It's not a little I'm

876
00:50:21,160 --> 00:50:26,160
Speaker 1: okay with country music. It's Friday, It's Friday. Keith Urban

877
00:50:26,320 --> 00:50:30,400
Speaker 1: is the legend. He's the goat. He's great. He's the

878
00:50:30,920 --> 00:50:34,680
Speaker 1: Alan iverson a country music I mean from Australia. I

879
00:50:34,680 --> 00:50:37,600
Speaker 1: don't even know. He's like the wait I love. He's

880
00:50:37,640 --> 00:50:39,960
Speaker 1: the first country music CD I ever bought. Ninth grade

881
00:50:39,960 --> 00:50:41,799
Speaker 1: b here By by Keith Urban. Wait a minute, Wait

882
00:50:41,800 --> 00:50:42,960
Speaker 1: a minute, Wait a minute. You saw him at a

883
00:50:43,080 --> 00:50:47,520
Speaker 1: country fair. I saw him at like two. I'm going

884
00:50:47,560 --> 00:50:51,440
Speaker 1: to team myself too. Maybe the country sta a county

885
00:50:51,520 --> 00:50:54,400
Speaker 1: fair in Wisconsin, Brown County, where Green Bay is. I

886
00:50:54,400 --> 00:50:57,839
Speaker 1: saw Keith Araban performed free. Oh what I would give?

887
00:50:58,320 --> 00:51:00,319
Speaker 1: What I would give? I've never seen Keith play in life.

888
00:51:00,360 --> 00:51:05,480
Speaker 1: He lives out of your Nashville. Uh. Anyway, that's fascinating, Okay, Hagarshamali,

889
00:51:05,760 --> 00:51:09,680
Speaker 1: what's on your radar? The conflicts? Now, I'm gonna get

890
00:51:09,680 --> 00:51:13,400
Speaker 1: really nerdy on geopolitics, the conflict in between Armenia and

891
00:51:13,440 --> 00:51:17,520
Speaker 1: Azerbaijan a lot that time, so so explain this to

892
00:51:17,600 --> 00:51:19,200
Speaker 1: us because this is also on my mine and you

893
00:51:19,239 --> 00:51:21,360
Speaker 1: and I have talked about this before, but you have

894
00:51:21,440 --> 00:51:24,160
Speaker 1: time to take a breath and explain this to us. Great,

895
00:51:24,400 --> 00:51:26,960
Speaker 1: Um'm so glad. So well, first, thanks, because it's such

896
00:51:26,960 --> 00:51:31,680
Speaker 1: an important issue. So this is a very old conflict

897
00:51:31,800 --> 00:51:34,600
Speaker 1: and in you know, to sum it up, the situation

898
00:51:34,640 --> 00:51:36,080
Speaker 1: that you have now is really, at the end of

899
00:51:36,080 --> 00:51:40,160
Speaker 1: the day, all Joseph Stalin's fault for me, and really

900
00:51:40,200 --> 00:51:42,560
Speaker 1: I mean this dates that far back and even further

901
00:51:43,000 --> 00:51:45,600
Speaker 1: UM where this is an area that was promised independent

902
00:51:46,000 --> 00:51:48,919
Speaker 1: and then Joseph Stalin promised the Turks that it could

903
00:51:48,920 --> 00:51:51,799
Speaker 1: remain within Azerbaijan. This is about an area called the

904
00:51:51,800 --> 00:51:56,239
Speaker 1: Gorno Carba. It is within internationally recognized borders of Azerbaijan,

905
00:51:56,560 --> 00:51:59,880
Speaker 1: but it is majority ethnic Armenians who have been there

906
00:52:00,000 --> 00:52:02,640
Speaker 1: thousands of years. They control the area. It is autonomous

907
00:52:03,040 --> 00:52:07,000
Speaker 1: UM and they fought for many years over this over independence.

908
00:52:07,400 --> 00:52:09,879
Speaker 1: And the problem that you have now this fighting that's

909
00:52:09,880 --> 00:52:13,160
Speaker 1: broken out is that it is being actively fueled by Turkey,

910
00:52:13,239 --> 00:52:16,600
Speaker 1: and Turkey has sent form fighters from Syria to the area.

911
00:52:16,719 --> 00:52:21,160
Speaker 1: They have heavily armed Azerbaijan, and it looks like it

912
00:52:21,200 --> 00:52:24,120
Speaker 1: could get very ugly, very quickly. And that is why

913
00:52:24,200 --> 00:52:28,319
Speaker 1: I am so confirmed about it. Fascinating, fascinating. Are you

914
00:52:28,440 --> 00:52:33,160
Speaker 1: a Are you a country music fan? Me? Myself, No,

915
00:52:33,280 --> 00:52:35,160
Speaker 1: I'm kind of a nerd. You know. My favorite is

916
00:52:35,200 --> 00:52:40,000
Speaker 1: actually opera and Frank Sinatra's style music. Really I like

917
00:52:40,080 --> 00:52:42,920
Speaker 1: Sinat too. You know what's really crazy is that I

918
00:52:43,040 --> 00:52:44,919
Speaker 1: was just I do this thing every day where I say,

919
00:52:44,920 --> 00:52:48,280
Speaker 1: like today in history, and Frank Sinatra and Ava Gardner

920
00:52:48,320 --> 00:52:51,759
Speaker 1: got married in nineteen fifty one today and then she

921
00:52:51,840 --> 00:52:54,200
Speaker 1: filed for divorce in nineteen fifty four. But remember that

922
00:52:54,239 --> 00:52:56,840
Speaker 1: Sinatra's a legend. He's like the O g Italian m.

923
00:52:56,880 --> 00:52:59,359
Speaker 1: And Ava Gardner I'm an old soul. I'll guard you

924
00:52:59,400 --> 00:53:02,520
Speaker 1: know this. I know, I agree. If only we can

925
00:53:02,600 --> 00:53:04,479
Speaker 1: hang out in person and listen to this kind of music,

926
00:53:04,760 --> 00:53:06,920
Speaker 1: you know, you know, But all this is over, We're

927
00:53:06,920 --> 00:53:10,600
Speaker 1: gonna come down to Nashville. We're gonna we're gonna invite

928
00:53:10,640 --> 00:53:15,399
Speaker 1: Keith and Nicole. We're gonna go get some barbecue. We're

929
00:53:15,400 --> 00:53:18,520
Speaker 1: gonna give Christine Marat, our executive producer, a heart attack

930
00:53:18,640 --> 00:53:21,160
Speaker 1: for continuing to go off on these bizarre tangents during

931
00:53:21,200 --> 00:53:25,080
Speaker 1: Friday episodes, but you know it is really remarkable and

932
00:53:25,160 --> 00:53:27,279
Speaker 1: these and in the sprint up to an election, I

933
00:53:27,280 --> 00:53:29,759
Speaker 1: think everybody needs to take a chill pill. Am I wrong?

934
00:53:29,880 --> 00:53:32,920
Speaker 1: Ho guard from your perspective, You've worked for Republicans and Democrats,

935
00:53:32,960 --> 00:53:35,520
Speaker 1: You've worked at the United Nations. I mean, what do

936
00:53:35,560 --> 00:53:37,560
Speaker 1: you make in this election? And I know you gotta

937
00:53:37,600 --> 00:53:41,640
Speaker 1: stay neutral, but come on, Oh god, I don't even

938
00:53:41,640 --> 00:53:45,480
Speaker 1: know where to begin. But you know, my my hope

939
00:53:46,000 --> 00:53:50,840
Speaker 1: is that after the selection that that things that there's

940
00:53:50,880 --> 00:53:52,359
Speaker 1: and I'm not saying like I'm not trying to poor

941
00:53:52,440 --> 00:53:54,600
Speaker 1: tend who's gonna win here, I'm just trying to say

942
00:53:54,680 --> 00:53:57,400
Speaker 1: that well, actually, no, I mean I'm gonna be perfectly

943
00:53:57,400 --> 00:54:01,320
Speaker 1: frank here, as long as President Trump remains in office,

944
00:54:01,960 --> 00:54:05,400
Speaker 1: Washington and the election and all of this process is

945
00:54:05,440 --> 00:54:09,319
Speaker 1: not going to be the traditional way that we all

946
00:54:09,360 --> 00:54:13,600
Speaker 1: know it. And I really do wish for the old ways,

947
00:54:13,440 --> 00:54:15,319
Speaker 1: as you know that when it when it was, and

948
00:54:15,400 --> 00:54:18,080
Speaker 1: I was living in Washington and working for both Bush

949
00:54:18,120 --> 00:54:21,640
Speaker 1: and Obama, as you had said, Um, I liked the

950
00:54:21,640 --> 00:54:23,680
Speaker 1: the system the way it was before, you know, with

951
00:54:23,800 --> 00:54:26,880
Speaker 1: the kind of this mutual respect and and uh and

952
00:54:26,920 --> 00:54:29,239
Speaker 1: the kind of standard operating procedures, and that's kind of

953
00:54:29,280 --> 00:54:31,160
Speaker 1: kind of hope it goes back to um. I did

954
00:54:31,200 --> 00:54:34,680
Speaker 1: think that the debate was more normal last night than

955
00:54:35,080 --> 00:54:37,560
Speaker 1: than the past one, So that's a that's a good sign.

956
00:54:37,600 --> 00:54:40,640
Speaker 1: I guess, you know, it really is remarkable. It's remarkable

957
00:54:40,680 --> 00:54:44,239
Speaker 1: because Hagar and all of our panelists really do have

958
00:54:44,840 --> 00:54:50,160
Speaker 1: have a really strong understanding of just how policy gets

959
00:54:50,160 --> 00:54:53,040
Speaker 1: done behind the scenes, and how the dynamics and the

960
00:54:53,080 --> 00:54:55,879
Speaker 1: contours and and Hagar, you and I have talked about

961
00:54:55,920 --> 00:54:57,800
Speaker 1: this a little bit, but I actually think it's bigger

962
00:54:57,840 --> 00:55:02,000
Speaker 1: than just one individual. I think it has Yes, obviously

963
00:55:02,080 --> 00:55:04,760
Speaker 1: the occupant of the White House, but also our fractured

964
00:55:04,840 --> 00:55:09,799
Speaker 1: media systems, the way that people consume media, social media, uh,

965
00:55:09,840 --> 00:55:15,319
Speaker 1: and the and and the influence of foreign governments impacting

966
00:55:15,719 --> 00:55:19,239
Speaker 1: our information news flow on our social media platforms are

967
00:55:19,320 --> 00:55:22,560
Speaker 1: are oh yeah, without a doubt. I mean, and it's

968
00:55:22,560 --> 00:55:25,240
Speaker 1: getting worse. Right. So, the fact that you have Russia

969
00:55:25,680 --> 00:55:29,839
Speaker 1: actively hacking state and local governments and software companies that

970
00:55:29,920 --> 00:55:33,799
Speaker 1: are used for elections and counting ballots is not only

971
00:55:33,880 --> 00:55:36,560
Speaker 1: risk you for the outcome of our actual election, but

972
00:55:36,680 --> 00:55:40,760
Speaker 1: even if they don't succeed, it's so's distrust among American

973
00:55:40,800 --> 00:55:43,920
Speaker 1: citizens in our system. And the reason that the Russians

974
00:55:43,960 --> 00:55:47,200
Speaker 1: do this is because the biggest threat to them is democracy.

975
00:55:47,800 --> 00:55:50,480
Speaker 1: And on if there's anything we've learned over the last

976
00:55:50,480 --> 00:55:53,200
Speaker 1: two years, it's how fragile democracy can be. And I

977
00:55:53,280 --> 00:55:55,120
Speaker 1: you know, it's certainly concerning. And it's not just from

978
00:55:55,200 --> 00:55:57,560
Speaker 1: Russia as we know, it's obviously Iran and China as well,

979
00:55:57,920 --> 00:55:59,920
Speaker 1: you know. And I'm gonna end. I'm gonna end on

980
00:56:00,120 --> 00:56:02,840
Speaker 1: optimistic note, and my thanks to Brian Broke, allto Mattie

981
00:56:02,880 --> 00:56:06,040
Speaker 1: Doubler of course, Maddie, thank you, and Huggar Fromali for

982
00:56:06,040 --> 00:56:09,040
Speaker 1: for spending so much time with me. As I'm make

983
00:56:09,120 --> 00:56:11,480
Speaker 1: my way back from Nashville, I'm gonna end on an

984
00:56:11,480 --> 00:56:14,319
Speaker 1: optimistic note. Huggar, you said how fragile democracy can be.

985
00:56:14,360 --> 00:56:17,200
Speaker 1: I hear you, But you know what, let this election

986
00:56:17,880 --> 00:56:22,120
Speaker 1: be a reminder of how strong democracy can be. My

987
00:56:22,200 --> 00:56:25,040
Speaker 1: gratitude to you for listening. I'm Kevin s really thanks

988
00:56:25,040 --> 00:56:27,279
Speaker 1: so much for listening. Have an incredible weekend. We're gonna

989
00:56:27,320 --> 00:56:29,680
Speaker 1: be back in full force on Monday as we sprint

990
00:56:29,800 --> 00:56:32,399
Speaker 1: up and finish this thing. Right run the race. You're

991
00:56:32,440 --> 00:56:36,440
Speaker 1: in finish it, Finish It, Finish it. Kevo, you're listening

992
00:56:36,440 --> 00:56:37,080
Speaker 1: to Bloomberg