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Speaker 1: Live from our nations. How do we reopen this economy?

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

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

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

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

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

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

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

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

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Speaker 1: f M h D two. Jen Jacobs has a big

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Speaker 1: scoop regarding the National Security Advisor getting COVID nineteen plus.

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Speaker 1: Senate Majority Leader Mitch McConnell just rapping on the Senate

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Speaker 1: floor this now as Senate Minority Leader Chuck Schumer is

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Speaker 1: speaking live. The Republican stimulus bill is expected to be

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Speaker 1: unveiled momentarily, and Jack Vispatrick Bloomberg Government will give us

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Speaker 1: the latest plus all of the latest on the race

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Speaker 1: with Max uh, Max Burns, and Matt Gorman, our Democrat

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Speaker 1: and Republican insiders, respectively. We will continue to check in

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Speaker 1: throughout the next ninety minutes on everything coming out of

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Speaker 1: Capitol Hill for the stimulus. My name is Kevin CURRELLI

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Speaker 1: I'm the chief Washington correspondent for Bloomberg Television and for

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Speaker 1: Bloomberg Radio. We're gonna get to Jennifer Jacobs Bloomberg's very

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Speaker 1: own in just a second, but first I want to

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Speaker 1: check in with Jack Fitzpatrick, who covers all things politics

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Speaker 1: for Bloomberg Government. Jack, any new details on Senate Majority

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Speaker 1: Leader Mitch McConnell's Republican stimulus bill. Yeah, so we're supposed

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Speaker 1: to see the text sometimes sometime soon. But what we

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Speaker 1: know now really the major thing we know now on

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Speaker 1: the unemployment money is that Republicans want to for the

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Speaker 1: next two months, lower that extra six hundred dollars a

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Speaker 1: week that people are currently getting if they're unemployed to

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Speaker 1: two hundred dollars a week, and over the course of

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Speaker 1: that two months, states are supposed to set up sort

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Speaker 1: of a more complex system to ensure people get seven

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Speaker 1: of what they used to get paid. So that is

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Speaker 1: a significant decrease from the six hundred dollar issue. We've

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Speaker 1: also heard our colleague Colin Wilhelm at Bloomberg Tax reporter.

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Speaker 1: They are going to be some eligibility tightening requirements, saying

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Speaker 1: you have to have lost your job because of the pandemic.

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Speaker 1: We already knew they were talking about another round of

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Speaker 1: twelve checks a hundred billion dollars for schools. Will wait

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Speaker 1: to see more details around that, but I think the

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Speaker 1: big news so far that we know is the unemployment

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Speaker 1: money being caught, at least in the near term, from

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Speaker 1: six hundred a week to two hundred. Alright, amazing Jack,

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Speaker 1: amazing meaning and incredible developments. Amazing reporting, Jack Fitzpatrick, Bloomberg

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Speaker 1: government congressional reporters, stay with us. I'm gonna come back

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Speaker 1: to you to get the democratic reaction. We now go

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Speaker 1: to Jennifer Jacobs, Bloomberg White House reporter. Ends got a

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Speaker 1: huge scoop on the Bloomberg terminal. Trump National security advisor

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Speaker 1: Robert O'Brien has coronavirus. Jen Jacob, thanks for joining us,

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Speaker 1: you and slams and all over this breaking story. What

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Speaker 1: do we know? Good afternoon, Kevin, thanks so much so.

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Speaker 1: He is the closest official to President Trump to develop

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Speaker 1: develop this coronavirus. My sources told me that Robert O'Brien

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Speaker 1: took a couple of days off. He was on some

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Speaker 1: vacation last week and a relative, a college aged relative

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Speaker 1: that he was on vacation with, started developing some symptoms

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Speaker 1: felt unwell. So I was told that the National Security

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Speaker 1: Advisor isolated himself from this relative right away, and of

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Speaker 1: course was tested. The relative was tested, and it turned

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Speaker 1: out that the relative was positive. And then Robert O'Brien

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Speaker 1: actually tested negative for at least a couple of days

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Speaker 1: following that, but it was too late. It's just an

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Speaker 1: example of how quickly this virus spreads through families, especially

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Speaker 1: those on vacation together and spending a lot of time

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Speaker 1: in close proximity. You know, it really is remarkable because

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Speaker 1: on the one hand, it's incredibly relatable to so many

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Speaker 1: American families not well, I guess around the world really

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Speaker 1: that are having to deal with this. But walk us

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Speaker 1: through the national security implications. Is he in quarantine, what

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Speaker 1: will his day to day jobs be like? Um? Is

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Speaker 1: he healthy? Is he is he on the roads of recovery?

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Speaker 1: And what do we know about how the president is

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Speaker 1: reacting to these developments? That those are all really great questions.

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Speaker 1: So he UM immediately took himself away from the person

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Speaker 1: who had the virus. He's been self isolating. I was

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Speaker 1: told from the very beginning, and I'm told that he

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Speaker 1: did not return to the White House, so he was

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Speaker 1: already on vacation. He just didn't return to the office

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Speaker 1: from vacation when he was told he at the virus.

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Speaker 1: So that's a good thing. Untild. He hasn't been near

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Speaker 1: the President or the Vice president since he was diagnosed. Um.

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Speaker 1: We asked the President this afternoon as he was leaving

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Speaker 1: for North Carolina a little bit about this, and it

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Speaker 1: was pretty clear that the President wasn't very enthusiastic about

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Speaker 1: talking about it. We said, have you seen him lately?

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Speaker 1: And the President said, no, I haven't seen him lately.

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Speaker 1: I I heard he tested, but I haven't seen him.

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Speaker 1: But I'm gonna call him later. And we asked when

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Speaker 1: did the president or when did O'Brien first test positive,

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Speaker 1: and the President said he didn't know, So that was

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Speaker 1: a little bit unusual. Most national security advisors talked to

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Speaker 1: their president regularly multiple times a day, so the President

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Speaker 1: just wasn't being very forthcoming with information on when the

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Speaker 1: last time it was that he saw O'Brien or spoke

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Speaker 1: with him, But this does have um some other national

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Speaker 1: security implications. Although Robert O'Brien is running the National Security

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Speaker 1: Council from home, I'm told he was just twelve days

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Speaker 1: ago in Europe meeting with some of his national security

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Speaker 1: partners overseas. Hopefully that and those encounters were before he

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Speaker 1: was in contact and got this virus. Hopefully he did

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Speaker 1: get it from this relative on vacation last week, and

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Speaker 1: so though those other European officials won't be infected. So

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Speaker 1: I think this is remarkable because it really speaks to

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Speaker 1: the era that we're living in. Jennifer Jacobs is on

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Speaker 1: the line. She's, of course, the all star Bloomberg White

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Speaker 1: House reporter, and when she's not biking across Iowa and

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Speaker 1: just running marathon, she's delivering enormous scoops like this one.

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Speaker 1: You know, I got to ask you, from a national

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Speaker 1: security perspective, what precautions have the intelligence community Jennifer Jacobs

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Speaker 1: taken in order to make sure that no bad actors

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Speaker 1: are trying to spread the virus near personnel that are

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Speaker 1: close to the commander in chief. Right, that's a really

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Speaker 1: good yeah. I do not know the answer to that.

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Speaker 1: I do know that the Secret Service was very protective

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Speaker 1: of the president, and everyone who gets near the president

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Speaker 1: United States has tested multiple times. UM, even some some

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Speaker 1: guests who hadn't been near him over the weekend hadn't

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Speaker 1: been around him for a long time. We're all tested,

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Speaker 1: So I do know that, UM, I do know that

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Speaker 1: every person who steps foot on the White House campuses

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Speaker 1: tested if you if they're going to be near the president.

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Speaker 1: But they are not doing those temperature checks anymore. Do

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Speaker 1: you remember that, Kevin, We used to watch the White

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Speaker 1: House campus and there would be a gate and a

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Speaker 1: little tent outside the gate, and people checked temperatures even

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Speaker 1: before you could stept foot on campus. They're no longer

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Speaker 1: doing that. But I think the president is is stepping

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Speaker 1: up the concerned about the virus again and taking more

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Speaker 1: protective measures. And this is the highest ranking official near

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Speaker 1: the president to get the coronavirus, so it's very serious.

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Speaker 1: Jennifer Jacobs with that big scoop Trump National Security Advisor

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Speaker 1: Robert O'Brien house coronavirus A. Sorry, I've got two minutes

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Speaker 1: left with with with our are all star White House reporters,

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Speaker 1: so let's move on. What's on your radar for this week,

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Speaker 1: And what are you watching for U this week as

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Speaker 1: the President tries to reset heading into days until election day. Sure,

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Speaker 1: so the President is in North Carolina, Carolina right now.

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Speaker 1: So uh, interestingly, he had the television on Fox News

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Speaker 1: as usual on routes to North Carolina to Fox, and

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Speaker 1: it was broad casting a congressional trip tribute to Representative

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Speaker 1: John Lewis. He did tell us before he left the

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Speaker 1: White House that no, I won't be going to um

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Speaker 1: the Capital to pay respects to John Lewis. So that's

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Speaker 1: one thing that won't be happening this week. But we

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Speaker 1: know that he is in North Carolina right now. He's

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Speaker 1: been talking about the vaccine. So as he resets and

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Speaker 1: tries to get his campaign back on track, he is

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Speaker 1: in a very important UM swing state. As you know,

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Speaker 1: he's got to win North Carolina if he wants to

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Speaker 1: reclaim that oval. So he's there talking at Fucci Films

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Speaker 1: talking about giving federal money to help expedite this vaccine.

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Speaker 1: So he's trying to project this you know, UM that

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Speaker 1: he's in a position of confidence in strength that he's

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Speaker 1: got his hands on this virus and he's working towards

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Speaker 1: getting a vaccine and he's got control of people, believe

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Speaker 1: that or not. He's trying to project that. Did you

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Speaker 1: see this new poll that came out for North Carolina

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Speaker 1: NBC News Maris Joe Biden's leading seven points seven points

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Speaker 1: in North Carolina on this, of course, is such a

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Speaker 1: crucial swing state. I talked to sources on the President's

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Speaker 1: reelection campaign. Every day. They're not well. I mean, honestly,

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Speaker 1: there doesn't seem to be this this sense of worry. Uh.

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Speaker 1: They feel that that you know that they're well positioned.

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Speaker 1: Is that what you get? I mean, they feel that

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Speaker 1: they're down. I don't want to say they're being lacks

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Speaker 1: of days ago, but I don't think it's it's as

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Speaker 1: dire as the media is reporting their perception. I'm not

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Speaker 1: saying it's the reality. But what's your what's the vibe

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Speaker 1: that you're hearing from your sources. That's absolutely correct, Kevin.

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Speaker 1: And what I'm told each time I talked to officials

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Speaker 1: close to the campaign is that yes, they're worried. They

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Speaker 1: realize that this is serious, that this is a very

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Speaker 1: close race. But yet they also tell me, hey, are

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Speaker 1: we've got internal poll numbers that shows something a little

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Speaker 1: bit differently we have. We have a little bit more

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Speaker 1: confidence than the what the media is saying publicly because

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Speaker 1: we have some private polling that shows them slightly different numbers.

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Speaker 1: And you know from last cycles, from the sixteen cycle

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Speaker 1: that the public pooling didn't always match the reality on

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Speaker 1: the ground, so they're taking a little bit of comfort

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Speaker 1: from that. So but you know, you know, Kevin, you

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Speaker 1: and I say, show us the money, show us these

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Speaker 1: private pools, that these private pools are so much better,

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Speaker 1: give us the data as we can look it over,

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Speaker 1: and that just isn't happening, and then we can break

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Speaker 1: the news. Jen Jacobs, would you ever come back on?

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Speaker 1: I gotta put you on the spot. Of course, thank you,

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Speaker 1: all right, she said, at folks, we've got Jenn in

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Speaker 1: the sound on them now. Coming up next, we go

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Speaker 1: back to Capitol Hill, Jack Fitts, Patrick Kevin Sireley, Chief

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Speaker 1: Washington correspondor f for Bloomberg TV and Radio. And you're

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Speaker 1: listening to Bloomberg. This is Bloomberg's sound on with Kevin

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

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Speaker 1: M h D two. Make sure you drink of water, folks.

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Speaker 1: It's a hot one sentiment already Leader Chuck Schumer speaking

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Speaker 1: on the Senate floor, top Democrat in the Senate. Coming up,

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Speaker 1: we're gonna talk and we're going to get the latest

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Speaker 1: of part two of my interview with Washington States Secretary

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Speaker 1: of State. Why because she is caught up in the

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Speaker 1: mail in ballots saga, we gotta start paying attention to that, folks,

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Speaker 1: because whether it's no matter what state, everyone's voting by mail.

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Speaker 1: We'll get to that in a second. Jack Fitzpatrick Bloomberg,

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Speaker 1: Government's congressional reporter. Okay, so we know what Republicans want,

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Speaker 1: what Leader McConnell wants, which is to you know, encourage

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Speaker 1: and incentivize paraphrasing their words, folks to get back to work.

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Speaker 1: But Democrats are saying that this is just pennies in

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Speaker 1: terms of what is needed. What are we gathering from

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Speaker 1: Democratic reaction? Yeah, so the initial reaction here, uh, Nancy

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Speaker 1: Pelosi spoke briefly saying they do want to find some

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Speaker 1: sort of common ground between Republicans and Democrats. So we

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Speaker 1: haven't heard anything from Democrats saying we're we're sticking to

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Speaker 1: six hundred dollars or we're gonna blow this all. There

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Speaker 1: could be room for compromise, but they say that this

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Speaker 1: two hundred dollars a week rather than the current six

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Speaker 1: hundred dollars a week is not nearly enough. So I

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Speaker 1: it sounds like there's going to be conversations about numbers

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Speaker 1: work around that. I'm sure Democrats are going to question

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Speaker 1: the eligibility requirements that would limit who can get that

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Speaker 1: extra money, only people who have lost their job because

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Speaker 1: There are a number of other things they just agree with.

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Speaker 1: The State and local government money is a big thing

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Speaker 1: for Democrats. We still don't know exactly what would be

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Speaker 1: in the Republican bill because it hasn't been released, but

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Speaker 1: the Democrats are talking about a trillion dollars or so there. Uh,

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Speaker 1: and the incentives for schools will be a big one

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Speaker 1: because out of that hundred billion or so in the

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Speaker 1: Republican bill, they want to ensure that a significant chunk

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Speaker 1: of that goes to schools that actually reopened, not digital learning,

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Speaker 1: actually reopening school. Right, we're gonna let you get back

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Speaker 1: to work. Check back in once the bill is released.

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Speaker 1: And now I to play for you Washington Secretary of

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Speaker 1: State Kim Wyman talking about mail in voting here, She

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Speaker 1: is a number of things. One is just whether or

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Speaker 1: not the local jurisdictions that conduct elections have enough resources

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Speaker 1: to be able to deal with the large increase not

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Speaker 1: only in volume of absentee ballots, but also the pull

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Speaker 1: site voters who who need to go in person. And

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Speaker 1: even in Washington State, where the vast majority of our

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Speaker 1: voters go and vote at home, we still have one

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Speaker 1: to two percent of our voters who are going to

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Speaker 1: need to show up at a polling place to register

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Speaker 1: or to to cast a ballot on an assistive device.

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Speaker 1: So when you have that environment, you have to plan

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Speaker 1: for one to two percent of your voters casting a

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Speaker 1: ballot in person. Uh. In our state, that's gonna mean

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Speaker 1: about fifty people who show up probably on Monday or

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Speaker 1: Tuesday of election week. Uh? Do do my counties have

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Speaker 1: the resources to be able to facilitate that in a

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Speaker 1: COVID environment? What about the law? Are the courts prepared for? This?

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Speaker 1: Is the judicial system prepared for for what could happen

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Speaker 1: to November? I certainly hope. So, you know, in the

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Speaker 1: modernary election since Gore v. Bush in two thousand. I

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Speaker 1: think that litigation is certainly a path that many people

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Speaker 1: take to UH to make sure that their candidates win

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Speaker 1: and or that their side is represented well. So we're

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Speaker 1: gonna see a lot of litigation. We always do in

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Speaker 1: the presidential year, but I think this year it's gonna

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Speaker 1: be on steroids. But the courts are usually very prepared

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Speaker 1: for this, and they usually expedite these cases so that

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Speaker 1: they can have a ruling and the the election can

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Speaker 1: move forward. Who should pay for this, States, for the

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Speaker 1: federal government or a combination of both. I think a

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Speaker 1: combination of both. You know, we're we're twenty years past

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Speaker 1: Gorvy Bush. We're seventeen years past the Help America Vote Act,

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Speaker 1: where state's got three billion dollars worth of funding from

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Speaker 1: the federal government to upgrade our systems, and there's been

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Speaker 1: no backfill of money until Really Cares Act funding and

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Speaker 1: and UH of course the cybersecurity funding a couple of

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Speaker 1: years ago through HAVAS. So the federal government really should

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Speaker 1: support states a little bit more. And the trick key

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Speaker 1: balances is that the states are responsible for elections. And

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Speaker 1: I can tell you as a state official I don't

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Speaker 1: want the federal government to tell me how to do

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Speaker 1: my elections. I want want to work with my legislature

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Speaker 1: and my constituents to answer that question. And I think

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Speaker 1: my colleagues around the country have similar feelings on that.

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Speaker 1: So how do you strike that balance between funding and

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Speaker 1: UH and mandates? From your perspective, has it been a

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Speaker 1: polarizing process in Washington State given the dynamics, because on

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Speaker 1: a national scale, clearly it's been a polarizing topic for

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Speaker 1: Republicans and Democrats. Oh, it always is. I mean, let's

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Speaker 1: face it, when whenever you talk about elections, you're the

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Speaker 1: people who get to make the rules, are legislators or

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Speaker 1: members of Congress, and they've been elected, and they've been

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Speaker 1: elected by the current system, so they kind of think

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Speaker 1: usually the system works pretty well, uh, and so that

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Speaker 1: the resistance to change is always there. And then you

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Speaker 1: add in the partisanship from both sides, uh that you

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Speaker 1: know there's voter suppression or voter fraud that we have

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Speaker 1: to solve, and so it's always being debated in a

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Speaker 1: very part an environment. So I'm really proud of Washington

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Speaker 1: State because we have a very accessible I would I

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Speaker 1: would argue probably the most accessible system in the country,

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Speaker 1: and we've been very good about building in the compensating

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Speaker 1: controls through the years to inspire confidence in the critics

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Speaker 1: of those systems. And that's really what every election official

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Speaker 1: in the country tries to do, is inspire confidence in

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Speaker 1: their electorate. Do you share some of the voter fraud

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Speaker 1: concerns that President Trump has raised? You know, I I

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Speaker 1: always have to to argue for them or argue against

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Speaker 1: the claims that are made. And I've certainly had people

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Speaker 1: in my state who have been making these claims for

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Speaker 1: twenty years and they just aren't as high profile as

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Speaker 1: the president. But with that said, that's why you have

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Speaker 1: to build in the controls. So when when a critic

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Speaker 1: raises the alarms about voter fraud or the alarms about

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Speaker 1: voter suppression, you have to be able to answer that criticism.

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Speaker 1: And you have to be able to show and demonstrate

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Speaker 1: with data why your system is secure and what makes

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Speaker 1: it secure or what makes it accessible and and what

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Speaker 1: how are you removing barriers? And for me, it's always

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Speaker 1: about balancing those two things. So what's what citizems are

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Speaker 1: in place? Is there a role for the private sector

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Speaker 1: to play in here and protecting the counting of the

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Speaker 1: votes or is it is it strictly a federal job.

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Speaker 1: Take us behind the scenes. Well, behind the scenes, it's

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Speaker 1: a it's a patchwork of a number of things. First

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Speaker 1: of all, you have election officials who across the country,

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Speaker 1: we have ten thousand who are either elected or appointed

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Speaker 1: who actually carry out the election and their jurisdiction. Um.

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Speaker 1: They because of the demands and the volume of people

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Speaker 1: that vote in the modern era, UH, you have to

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Speaker 1: use technology to be able to be um efficient and

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Speaker 1: effective in the delivery of those services. And so we

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Speaker 1: have a great dependence on vendors here in Washington State.

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Speaker 1: That's not only the vote tabulation systems that counterballots, but

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Speaker 1: the voter registration system and in election management systems that

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Speaker 1: we use, and then relying on third party vendors to

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Speaker 1: help us with our mail out. And that is the

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Speaker 1: nature of elections in across the country. UH. And it's

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Speaker 1: a partnership, and we have to build in controls and

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Speaker 1: measures to make sure it remains safe voting election day.

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Speaker 1: This is the bedrock of American democracy and the fact

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Speaker 1: that it's being debated so openly and that these security

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Speaker 1: sertans continue to come up. That's got to be frustrating

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Speaker 1: for you as as a state official. It's not frustrating.

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Speaker 1: I think it's a healthy dialogue that that we need

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Speaker 1: to have. I wish it was less partisan, UM, but

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Speaker 1: you know, election officials have been working tirelessly since two

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Speaker 1: thousands sixteen on cybersecurity issues. We are in a place

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Speaker 1: today that is so much stronger than we were four

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Speaker 1: years ago. And and probably one of the unintended consequences

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Speaker 1: that I'm really excited about is we've built out critical

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Speaker 1: infrastructure for elections. Were now on the same national security

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Speaker 1: level as a power grid and the banking system. And

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Speaker 1: we have a lot of federal Yeah, it's and it's

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Speaker 1: it's a great step forward because we have access to

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Speaker 1: federal resources like Department of Homeland Security helping us UH

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Speaker 1: really fortified those defenses. And this has provided a framework

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Speaker 1: for counties and local government and state officials to share

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Speaker 1: information on cybersecurity. That has really helped us in sharing

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Speaker 1: information about vote by mail. UM, Washington has been able

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Speaker 1: to disseminate information across the country with the help of

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Speaker 1: our federal partners in a way we couldn't have done

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Speaker 1: four years ago. So there is hope and and I

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Speaker 1: think that those ten thousand election officials I talked about

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Speaker 1: are working really hard across the country to make sure

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Speaker 1: that their election is going to be successful for their

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Speaker 1: their constituents. That was Washington, Washington Secretary of State Kim Wyman,

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Speaker 1: and I spoke with her last week via zoom or

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Speaker 1: was it Skype, you know, one of them the zoom

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Speaker 1: or the Skype. And she's a Republican in the state

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Speaker 1: of Washington who really oversees all of the mail in

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Speaker 1: voting UH in that state. And I learned so much

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Speaker 1: by interviewing her, because folks, this election is going to

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Speaker 1: be wild in terms of the mail in voting debate

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Speaker 1: issue an implementation we talked. I'm Kevin Cirelli, Chief Washington

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Speaker 1: correspondent from Bloomberg Television and Radio, Washington d C correspondent

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Speaker 1: from Bloomberg Television and Radio. And you're listening to Bloomberg

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Speaker 1: Breaking News tonight headline crossing the Bloomberg Terminal. Within the

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Speaker 1: last sixties seconds, Senate Republicans have released the first parts

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Speaker 1: of their pandemic relief plan. And again, Senator Susan Collins,

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Speaker 1: now speaking on the Senate floor, this after Senate Minority

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Speaker 1: Leader Chuck Schumer within the last half hour has called

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Speaker 1: for there to be additional funds that are released. Let's

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Speaker 1: get right to it. Reading from the Bloomberg terminal, here's

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Speaker 1: what we know. By Eric Watson's account on for Bloomberg.

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Speaker 1: Senate Republicans pro post cutting supplemental unemployment benefits to two

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Speaker 1: hundred dollars weekly from the six hundred dollars until states

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Speaker 1: are able to create a system that would provide seventy

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Speaker 1: of a laid off workers previous pay up to a

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Speaker 1: state set cap. This according to multiple people familiar to

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Speaker 1: people familiar with the plan. The plan, which was agreed

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Speaker 1: to buy the Trump administration, calls for a two month

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Speaker 1: transition and then allows states to apply for a waiver

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Speaker 1: for up to two additional months if they can implement

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Speaker 1: the new calculation. This is a trillion dollar Republican plan,

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Speaker 1: Democrats have argued are previously proposed rather a three and

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Speaker 1: a half trillion dollar package. So their world's apart. As

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Speaker 1: we begin the opening rounds of negotiations from Republicans and

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Speaker 1: from Democrats, uh, their world's apart, and let's get to

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Speaker 1: our panel. Mac Gorman, Republican strategists and um, Max Burns

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Speaker 1: a Democratic strategists as well. Matt, is this gonna be enough?

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Speaker 1: And I'm hearing sirens? Is this gonna be enough? Matt Gorman?

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Speaker 1: For Republicans to uh, to make it across the finish line? Well, look,

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Speaker 1: I think it has to be a part of them,

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Speaker 1: not even making the crest of finish lines. I think

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Speaker 1: maybe you know, Miles Ken of the marathons to the

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Speaker 1: speaker mile twenty, Um, this needs to happen. I think

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Speaker 1: all Republicans kind of see that it's just a matter

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Speaker 1: how it gets done right at the devils in the details. Um.

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Speaker 1: But the longer this drags on, uh, the heart of

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Speaker 1: it will be. But I consider this very much like

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Speaker 1: you know, a must pass piece of legislation in the

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Speaker 1: vein of a death ceiling or government funding. This has

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Speaker 1: to get done. There's no other choice, Max Murrans. Do

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Speaker 1: Democrats feel that they have the political capital in order

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Speaker 1: to in order to pressure Republicans, not even just President Trump,

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Speaker 1: but in order to pressure Republicans into into spending more money?

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Speaker 1: So absolutely, I mean, thirty million people are still getting

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Speaker 1: unemployment benefits in this country and we're punishing them essentially,

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Speaker 1: for the federal government's inability to take the threat seriously.

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Speaker 1: In the beginning, we're taking away the money that they

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Speaker 1: desperately need, because remember about six and ten Americans don't

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Speaker 1: have five hundred dollars saved for a crisis. They depend

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Speaker 1: on this money coming in, and it seems perverse to

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Speaker 1: reduce how much we're helping these people at a time

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Speaker 1: when the situation is getting visibly worse. So, you know,

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Speaker 1: mac Gorman that so both of you, gentlemen, just outlined

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Speaker 1: the way the Republicans will frame this and the way

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Speaker 1: the Democrats will frame this. What is the what is

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Speaker 1: the response mat to to that notion that that that

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Speaker 1: Republicans aren't giving enough to the underserved right now, who

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Speaker 1: quite frankly, are showing up on construction sites without protection gear.

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Speaker 1: They have no choice but to go to work because

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Speaker 1: otherwise they're going to be out of a paycheck and

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Speaker 1: they don't necessarily feel safe to go back on the job.

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Speaker 1: How how did how do you answer to that while

433
00:23:49,880 --> 00:23:55,720
Speaker 1: also trying to be fiscally responsible. You're right, and I

434
00:23:55,760 --> 00:23:58,800
Speaker 1: saw on Twitter, you know, a while ago that that

435
00:23:58,960 --> 00:24:01,800
Speaker 1: somebody said, look, you're basically responsible in the in the

436
00:24:01,840 --> 00:24:04,760
Speaker 1: good times, the economic boom times, so you can afford

437
00:24:04,800 --> 00:24:07,640
Speaker 1: not to be when there's a massive crisis, whether it's

438
00:24:07,680 --> 00:24:09,920
Speaker 1: this or you know, the Great Recession, you know, eleven

439
00:24:10,000 --> 00:24:12,919
Speaker 1: years ago. But I think it's also it's really important

440
00:24:12,960 --> 00:24:16,600
Speaker 1: to remember we get so caught up in this bubble.

441
00:24:16,680 --> 00:24:20,320
Speaker 1: Is if they're they're a countless million tendivelyans Americans who

442
00:24:20,359 --> 00:24:22,520
Speaker 1: cannot do their job from a computer. Work from home

443
00:24:22,560 --> 00:24:24,960
Speaker 1: is not an option for them. And you make a

444
00:24:25,000 --> 00:24:28,760
Speaker 1: great point, and you've got to find that balance because again,

445
00:24:28,880 --> 00:24:32,119
Speaker 1: the obviously the best way to get people back to

446
00:24:32,160 --> 00:24:35,000
Speaker 1: work and making money is reopen the economy. But as

447
00:24:35,080 --> 00:24:37,960
Speaker 1: we've seen, you'll reopen the economy too much, and so

448
00:24:38,160 --> 00:24:40,840
Speaker 1: in the COVID cases really spiked. That's the that's the

449
00:24:40,920 --> 00:24:42,439
Speaker 1: key here. And I think in a lot of ways,

450
00:24:42,640 --> 00:24:45,320
Speaker 1: we're gonna start the negotiation now. So it's it behooves

451
00:24:45,359 --> 00:24:49,520
Speaker 1: Republicans to ask for the moon in terms of benefits

452
00:24:49,560 --> 00:24:51,879
Speaker 1: for what they want and at the lowest price, and

453
00:24:51,920 --> 00:24:53,520
Speaker 1: it's going to come to the middle at some point

454
00:24:53,520 --> 00:24:57,080
Speaker 1: with Pelosi and Schumer. It's it's really wonky right now.

455
00:24:57,160 --> 00:25:01,720
Speaker 1: But the but the Senate UH Senate Senator Chuck Grassley

456
00:25:01,840 --> 00:25:06,040
Speaker 1: Republican from from Iowa releasing the first parts here, of course,

457
00:25:06,119 --> 00:25:09,239
Speaker 1: is the committee chairman that has oversight over some of

458
00:25:09,240 --> 00:25:13,720
Speaker 1: these issues and has released the first parts of of

459
00:25:13,920 --> 00:25:17,879
Speaker 1: the of the next round of stimulus. But see what

460
00:25:18,080 --> 00:25:20,920
Speaker 1: I just really don't follow, and I want to bring

461
00:25:20,960 --> 00:25:24,000
Speaker 1: it back to Matt for a second. Is this is

462
00:25:24,000 --> 00:25:26,240
Speaker 1: gonna be an epic battle. I mean, half of the

463
00:25:26,280 --> 00:25:29,159
Speaker 1: Republican caucus is saying that they're not going to vote

464
00:25:29,160 --> 00:25:31,520
Speaker 1: for this because you know, if it's not half, it

465
00:25:31,520 --> 00:25:33,919
Speaker 1: will be you know, a third or so. Because of

466
00:25:33,920 --> 00:25:37,520
Speaker 1: how much money this is. I mean, and so I'm

467
00:25:37,600 --> 00:25:43,320
Speaker 1: curious if Republican leadership and President Trump if they're gonna

468
00:25:43,320 --> 00:25:45,320
Speaker 1: have to spend more than a trillion. I mean, And

469
00:25:45,359 --> 00:25:46,919
Speaker 1: that's where we are, folks. I mean, and we were

470
00:25:46,920 --> 00:25:50,320
Speaker 1: talking about this earlier on Bloomberg Surveillance this morning. Maybe

471
00:25:50,640 --> 00:25:54,200
Speaker 1: you know the this is just the foundation for two

472
00:25:54,240 --> 00:25:57,359
Speaker 1: that's right, I said at midtermso and a resurgence of

473
00:25:57,400 --> 00:26:00,760
Speaker 1: fiscally conservative tea partiers. But right now, with millions of

474
00:26:00,800 --> 00:26:03,680
Speaker 1: Americans out of work, not having the option to work

475
00:26:03,680 --> 00:26:06,280
Speaker 1: from home, I don't I don't know. I mean, this

476
00:26:06,359 --> 00:26:10,280
Speaker 1: is this is unchartered territory mat for the Republican Party.

477
00:26:10,920 --> 00:26:12,680
Speaker 1: It absolutely is. And I think you're going to see

478
00:26:12,840 --> 00:26:15,840
Speaker 1: you know, uh, twenty or soel Republicans, if not maybe

479
00:26:15,840 --> 00:26:18,600
Speaker 1: a few more. You know, I don't think a majority

480
00:26:18,640 --> 00:26:21,000
Speaker 1: of Republicans will vote against it, um, but you know

481
00:26:21,000 --> 00:26:25,520
Speaker 1: you're gonna see around twenty. I believe any Republicans that

482
00:26:25,560 --> 00:26:28,879
Speaker 1: are going to vote against all citing fiscal issues or

483
00:26:28,920 --> 00:26:32,240
Speaker 1: for other reasons, or you know, it might be other reasons.

484
00:26:32,280 --> 00:26:35,320
Speaker 1: But here's I think part of it too is if

485
00:26:35,320 --> 00:26:37,359
Speaker 1: I worked in the house work for the NRCC, as

486
00:26:37,400 --> 00:26:41,720
Speaker 1: you said, every single person was up every you know,

487
00:26:42,000 --> 00:26:44,280
Speaker 1: two years. Yes, a lot of them are in very

488
00:26:44,320 --> 00:26:48,400
Speaker 1: safe seats, but there is a political incentive no matter

489
00:26:48,440 --> 00:26:53,680
Speaker 1: whether it's you know, two or to you know, uh

490
00:26:53,800 --> 00:26:56,439
Speaker 1: kind of adjust to these sorts of dynamics. When you

491
00:26:56,520 --> 00:26:59,280
Speaker 1: have someone a senator who might have just been elected

492
00:26:59,280 --> 00:27:01,280
Speaker 1: in eighteen years up for another four years or not

493
00:27:01,440 --> 00:27:04,520
Speaker 1: for another you know, two years, there's less of a

494
00:27:04,520 --> 00:27:09,479
Speaker 1: political incentive than those who are up in three months. Yeah,

495
00:27:09,520 --> 00:27:13,159
Speaker 1: I mean, really really great context. And coming up, we're

496
00:27:13,160 --> 00:27:15,160
Speaker 1: gonna check in with one of those lawmakers who's caught

497
00:27:15,160 --> 00:27:17,280
Speaker 1: in the middle of all this that's Congressman Max Rose.

498
00:27:17,560 --> 00:27:19,760
Speaker 1: He's a Democrat from New York. He's up on Capitol

499
00:27:19,800 --> 00:27:23,880
Speaker 1: Hill obviously on what's been a very very busy day. Uh.

500
00:27:23,920 --> 00:27:27,800
Speaker 1: And he slammed the Republican COVID relief proposal that included

501
00:27:27,800 --> 00:27:30,399
Speaker 1: no funding for state and local governments. He says that

502
00:27:30,480 --> 00:27:34,360
Speaker 1: it's proof that Mitch McConnell wants to fire cops, first responders, teachers,

503
00:27:34,600 --> 00:27:36,600
Speaker 1: and those who have been on the front lines putting

504
00:27:36,640 --> 00:27:39,000
Speaker 1: their lives on the line. He's fired up, he's fired up.

505
00:27:39,000 --> 00:27:42,239
Speaker 1: We're gonna check in with the Congressman Rose and the

506
00:27:42,280 --> 00:27:46,520
Speaker 1: panel stays Jack Fitzpatrick, who has been carefully reading speed

507
00:27:46,560 --> 00:27:51,439
Speaker 1: reading Chuck Crossley's proposal. Jacks, the Bloomberg Government Congressional reporter,

508
00:27:51,520 --> 00:27:54,800
Speaker 1: will get to him after the jump as well. Mc

509
00:27:54,840 --> 00:28:01,080
Speaker 1: gorman stays. Max Burns stays Matt is vice president of

510
00:28:01,119 --> 00:28:05,160
Speaker 1: Targeted Victory, former NRCC Communications director, Max as a Democratic strategist,

511
00:28:05,160 --> 00:28:07,280
Speaker 1: contributor to The Daily Beast, in the New York Daily News,

512
00:28:07,320 --> 00:28:10,040
Speaker 1: and The Independent. I'm Kevin Cereli, Chief Washington correspondent from

513
00:28:10,000 --> 00:28:19,879
Speaker 1: Boomberg TV and Radio. If you're listening to Bloomberg, this

514
00:28:20,200 --> 00:28:25,439
Speaker 1: is Bloomberg's Sound On with Kevin Surreley on Bloomberg and

515
00:28:25,480 --> 00:28:28,600
Speaker 1: one oh five point seven f M HD two. My

516
00:28:28,680 --> 00:28:32,159
Speaker 1: name is Kevin CURRELLI I'm the chief Washington correspondent for

517
00:28:32,359 --> 00:28:38,400
Speaker 1: Bloomberg Television and from Bloomberg Radio. Chuck Grassley, Republican from Iowa.

518
00:28:38,400 --> 00:28:40,800
Speaker 1: I feel like it's an Iowa themed show today of

519
00:28:40,920 --> 00:28:43,360
Speaker 1: giving No Go figure. As I was back in Delko

520
00:28:43,640 --> 00:28:45,880
Speaker 1: over the weekend, we had Jen Jacobs on talking about

521
00:28:45,880 --> 00:28:52,800
Speaker 1: her monster scoop on National Security Advisor O'Brien catching COVID nineteen.

522
00:28:53,240 --> 00:28:57,040
Speaker 1: She says he's doing well. The administrations monitoring the situation,

523
00:28:57,120 --> 00:29:00,840
Speaker 1: got it from a twentysomething according to JJ's wanny something

524
00:29:00,880 --> 00:29:06,240
Speaker 1: on family vacation. Wow. Anyway, then we've got Senator Chuck Grassley,

525
00:29:06,320 --> 00:29:12,360
Speaker 1: Chairman of the Finance Committee, and CARES too. They've released

526
00:29:12,920 --> 00:29:17,440
Speaker 1: the CARES to portion. Jack Fitzpatrick is Bloomberg Government's ace

527
00:29:17,640 --> 00:29:21,800
Speaker 1: congressional reporter. He is a thorough dogged reporter. Okay, what

528
00:29:21,960 --> 00:29:24,200
Speaker 1: is Chuck Grassley saying? What is he release? What do

529
00:29:24,280 --> 00:29:25,960
Speaker 1: we know? What are the details? Just came out within

530
00:29:26,000 --> 00:29:29,080
Speaker 1: the last couple of minutes. Books, Yes, just came out.

531
00:29:29,120 --> 00:29:32,320
Speaker 1: We got a hundred sixty pages essentially part one of

532
00:29:32,360 --> 00:29:35,920
Speaker 1: this next COVID bill from Senate Republicans with the administration

533
00:29:36,000 --> 00:29:40,080
Speaker 1: signing off. The unemployment stuff appears to be basically what

534
00:29:40,120 --> 00:29:42,600
Speaker 1: we thought it was going to be. Uh. Initially they

535
00:29:42,720 --> 00:29:44,920
Speaker 1: take your extra six hundred dollars a week, lower it

536
00:29:45,000 --> 00:29:48,880
Speaker 1: to two hundred dollars, and then in October, after that

537
00:29:48,960 --> 00:29:51,400
Speaker 1: has held, people over the states are supposed to their

538
00:29:51,400 --> 00:29:54,440
Speaker 1: own systems of ensuring you get sevent of the money

539
00:29:54,520 --> 00:29:58,080
Speaker 1: you used to get paid. Uh, the twelve checks. We

540
00:29:58,200 --> 00:30:01,320
Speaker 1: had initially heard this would basically be same thing as

541
00:30:01,560 --> 00:30:03,600
Speaker 1: as it was last time. So if you make seventy

542
00:30:03,640 --> 00:30:05,520
Speaker 1: five thousand dollars or less, you get the whole check.

543
00:30:05,720 --> 00:30:09,960
Speaker 1: It fades out until uh, it is notable looking at

544
00:30:10,000 --> 00:30:14,959
Speaker 1: this for anybody with college students, for kids, Uh, you

545
00:30:15,040 --> 00:30:17,800
Speaker 1: can now claim a dependent for the extra five dollars

546
00:30:17,840 --> 00:30:19,840
Speaker 1: even if they're eighteen or older. So they're being a

547
00:30:19,840 --> 00:30:22,640
Speaker 1: little more generous for people with dependence, even if they're

548
00:30:22,680 --> 00:30:27,080
Speaker 1: eighteen nineteen, whatever, you can get the extras five dollars there. Uh.

549
00:30:27,120 --> 00:30:31,600
Speaker 1: They are going to be more generous reimbursing local governments

550
00:30:31,600 --> 00:30:35,440
Speaker 1: and nonprofits they previously were giving them fifty reimbursement. Now

551
00:30:35,520 --> 00:30:39,280
Speaker 1: they're talking about seventy, which could be notable because Democrats

552
00:30:39,360 --> 00:30:41,920
Speaker 1: wanted to be extremely generous to state and local governments.

553
00:30:41,920 --> 00:30:44,880
Speaker 1: This doesn't go that far, but they are giving a

554
00:30:44,920 --> 00:30:48,320
Speaker 1: little extra money there. Uh. We'll see what else comes

555
00:30:48,320 --> 00:30:50,720
Speaker 1: in the appropriation section and the rest of the bill,

556
00:30:51,360 --> 00:30:55,200
Speaker 1: but largely the unemployment stuff, the main pillars of unemployment

557
00:30:55,200 --> 00:30:58,800
Speaker 1: and the tw checks are are essentially what we thought

558
00:30:58,800 --> 00:31:03,360
Speaker 1: they were. It's it's remarkable. Senate Majority Leader Mitch McConnell

559
00:31:03,400 --> 00:31:07,640
Speaker 1: said this on the Senate floor earlier. Quote in the spring,

560
00:31:07,800 --> 00:31:12,920
Speaker 1: our economy needed life support. Today, while continuing to support families,

561
00:31:13,240 --> 00:31:17,360
Speaker 1: we must also get the economy into physical therapy so

562
00:31:17,480 --> 00:31:26,560
Speaker 1: it can actually regain strength. End quote UM and Senator Romney.

563
00:31:26,800 --> 00:31:32,120
Speaker 1: Mitt Romney is going to allow for their I want

564
00:31:32,120 --> 00:31:35,840
Speaker 1: to read this precisely from Leader McConnell's remarks. Senator Romney

565
00:31:35,880 --> 00:31:38,960
Speaker 1: will explain that our proposal includes a bipartisan bill co

566
00:31:39,080 --> 00:31:43,080
Speaker 1: sponsored by Senate Democrats to help a future Congress evaluate

567
00:31:43,160 --> 00:31:48,120
Speaker 1: bipartisan proposals for protecting and strengthening the programs that Americans

568
00:31:48,480 --> 00:31:51,520
Speaker 1: count on. Sounds transpartisan. I'm not sure if in a

569
00:31:51,560 --> 00:31:55,719
Speaker 1: bipartisan era. We can go there. But on the issue

570
00:31:55,760 --> 00:31:59,920
Speaker 1: as it relates to education, there's a hundred billion dollars

571
00:32:00,200 --> 00:32:04,800
Speaker 1: in this UH Leader McConnell's bill that would go toward education.

572
00:32:05,480 --> 00:32:07,640
Speaker 1: But you know, so much of what's going to be

573
00:32:07,680 --> 00:32:10,479
Speaker 1: discussed right now, Jack Fitzpatrick, before I let you go,

574
00:32:11,040 --> 00:32:13,600
Speaker 1: is on this issue of are we ready, Are we

575
00:32:13,680 --> 00:32:17,480
Speaker 1: really ready to be in physical therapy or are we

576
00:32:17,560 --> 00:32:21,480
Speaker 1: still on life support? Especially when you know each state

577
00:32:21,560 --> 00:32:25,720
Speaker 1: has different data points with different upticks and what's going on.

578
00:32:26,160 --> 00:32:29,440
Speaker 1: Based on the conversations that you have with Republicans, are

579
00:32:29,440 --> 00:32:33,120
Speaker 1: they all unified that we are ready for physical therapy

580
00:32:33,160 --> 00:32:35,240
Speaker 1: as a country and that we're not on life support

581
00:32:35,280 --> 00:32:40,720
Speaker 1: anymore as a result of the virus. Generally, Yeah, Republicans

582
00:32:40,720 --> 00:32:44,040
Speaker 1: are going to take are taking a much more aggressive

583
00:32:44,080 --> 00:32:47,920
Speaker 1: approach to reopening, even if it's not a sudden reopening.

584
00:32:48,480 --> 00:32:52,280
Speaker 1: I have not heard a lot of um pushback from

585
00:32:52,280 --> 00:32:56,840
Speaker 1: within the Republican conference on saying schools need to reopen,

586
00:32:56,880 --> 00:33:00,320
Speaker 1: at least to a large degree with safety men, jeers,

587
00:33:00,840 --> 00:33:04,160
Speaker 1: and they're largely together on the unemployment stuff, saying we

588
00:33:04,240 --> 00:33:07,760
Speaker 1: need we need to allow businesses to get people back

589
00:33:07,760 --> 00:33:10,880
Speaker 1: to work. Those kind of the two lynch pins, saying

590
00:33:10,960 --> 00:33:14,200
Speaker 1: we can't get everything going until parents can send their

591
00:33:14,240 --> 00:33:19,280
Speaker 1: kids to school and employers can get employees back. Uh.

592
00:33:19,320 --> 00:33:21,800
Speaker 1: That that's gonna come up against a lot of pushback

593
00:33:21,840 --> 00:33:24,719
Speaker 1: from Democrats, which matters they hold the House. But I

594
00:33:24,800 --> 00:33:27,959
Speaker 1: haven't heard a ton of dissent from within the Republican

595
00:33:28,000 --> 00:33:33,080
Speaker 1: conference in the Senate, especially on generally the approach on schools.

596
00:33:33,720 --> 00:33:39,320
Speaker 1: All right, Jack fits Patrick Bloomberg, Governments Congressional reporter. Great work,

597
00:33:39,440 --> 00:33:42,040
Speaker 1: great work, and thank you for for being on standby

598
00:33:42,160 --> 00:33:44,880
Speaker 1: with us as you've been, you know, reading the reports,

599
00:33:44,920 --> 00:33:47,560
Speaker 1: breaking it down, crunching the numbers, and whether or not

600
00:33:47,600 --> 00:33:49,520
Speaker 1: it gets to But actually, Jack, are you still there?

601
00:33:49,520 --> 00:33:52,080
Speaker 1: Did you hang up on me? When are we what? So?

602
00:33:52,160 --> 00:33:54,880
Speaker 1: What's the next step in terms of getting it passed? When?

603
00:33:55,000 --> 00:33:56,840
Speaker 1: When is this going to end up on the President's desk?

604
00:33:56,960 --> 00:33:58,760
Speaker 1: I know there's gonna be a lot of drama, but

605
00:33:58,840 --> 00:34:00,680
Speaker 1: ultimately they're gonna sign then what do you think that

606
00:34:00,720 --> 00:34:04,040
Speaker 1: will be? There's a key meeting at six pm they

607
00:34:04,080 --> 00:34:08,360
Speaker 1: have to talk about that. The unemployment boost runs out Friday,

608
00:34:08,440 --> 00:34:11,560
Speaker 1: so they are probably not going to meet that deadline,

609
00:34:11,600 --> 00:34:14,600
Speaker 1: which is not a good thing. They are clearly rushing,

610
00:34:14,960 --> 00:34:17,719
Speaker 1: but you generally don't have a bicameral deal in just

611
00:34:17,800 --> 00:34:21,680
Speaker 1: a few days. I can't give you an exact deadline,

612
00:34:21,719 --> 00:34:23,960
Speaker 1: but the fact that they are racing to keep it

613
00:34:24,040 --> 00:34:26,880
Speaker 1: as close to Friday as possible and keep that lapse

614
00:34:26,920 --> 00:34:30,440
Speaker 1: as short as possible means, uh, you know, this week

615
00:34:30,560 --> 00:34:33,560
Speaker 1: and into next week are going to be extremely important.

616
00:34:33,920 --> 00:34:35,880
Speaker 1: All right, there we go, Jack, it's Patrick. I want

617
00:34:35,880 --> 00:34:39,520
Speaker 1: to bring in now, Max Burns. Max is a Democratic strategist,

618
00:34:39,640 --> 00:34:41,760
Speaker 1: contributor out the Daily Beast and the New York Daily

619
00:34:41,760 --> 00:34:44,680
Speaker 1: News and the Independent. Mcworman's also with US. He's vice president,

620
00:34:44,920 --> 00:34:48,759
Speaker 1: a targeted victory, former n RCC communications director. Max. You know,

621
00:34:48,960 --> 00:34:51,239
Speaker 1: I hear Jack's reporting and then I'm looking at the

622
00:34:51,320 --> 00:34:56,319
Speaker 1: terminal and it says Biden says that Republicans will have

623
00:34:56,360 --> 00:35:02,200
Speaker 1: a quote unquote epiphany if he's elected. I mean, I

624
00:35:02,320 --> 00:35:05,360
Speaker 1: just feel like in this polarized time and Republicans and

625
00:35:05,400 --> 00:35:08,919
Speaker 1: Democrats are so you know, divided on how to even

626
00:35:08,960 --> 00:35:13,760
Speaker 1: provide some stimulus in here talking about President Trump abided

627
00:35:13,800 --> 00:35:17,719
Speaker 1: through the lens of it's all the actions on the

628
00:35:17,760 --> 00:35:21,680
Speaker 1: health Oh absolutely, and I think it's going to likely

629
00:35:21,760 --> 00:35:25,439
Speaker 1: remain so I think we are all even the very

630
00:35:25,560 --> 00:35:28,440
Speaker 1: open up Now Republicans are sort of beginning to admit

631
00:35:28,520 --> 00:35:32,200
Speaker 1: that this is not going away, that very little is

632
00:35:32,239 --> 00:35:34,680
Speaker 1: going to be done until the United States gets a

633
00:35:34,719 --> 00:35:37,880
Speaker 1: hold on this virus and gets things under control. And

634
00:35:38,239 --> 00:35:39,959
Speaker 1: that's going to be a challenge. I mean, we saw

635
00:35:39,960 --> 00:35:43,600
Speaker 1: the care Is Act originally passed by a large bipartisan measure,

636
00:35:43,960 --> 00:35:46,759
Speaker 1: but that moment of goodwill, I suppose has died in

637
00:35:46,800 --> 00:35:50,000
Speaker 1: the details of this second round. And now we're straight

638
00:35:50,040 --> 00:35:53,520
Speaker 1: into this balance between how much do we want to

639
00:35:53,560 --> 00:35:57,480
Speaker 1: hold out for political advantage versus how much do we

640
00:35:57,640 --> 00:36:00,959
Speaker 1: give to the other side and potentially let them say

641
00:36:01,040 --> 00:36:03,719
Speaker 1: that they got one over on up and we gotta go.

642
00:36:03,800 --> 00:36:05,880
Speaker 1: We gotta live there. And no, no, no, I know

643
00:36:06,000 --> 00:36:09,560
Speaker 1: I'm cutting everyone off today. I feel terrible, but we

644
00:36:09,560 --> 00:36:11,960
Speaker 1: gotta leave it there. Coming up, Congress and Max Rose,

645
00:36:12,480 --> 00:36:14,960
Speaker 1: Mags Burns, I'll let you talk again. I'm Kevin's earlier

646
00:36:15,000 --> 00:36:21,680
Speaker 1: listening to Bloomberg nine nine one. This is Bloomberg Sound

647
00:36:21,760 --> 00:36:26,279
Speaker 1: On with Kevin Surley on Bloomberg and one all five

648
00:36:26,320 --> 00:36:30,520
Speaker 1: point seven f M HD two. I'm Kevin CURRELLI I'm

649
00:36:30,560 --> 00:36:34,719
Speaker 1: the Chief Washington correspondent for Bloomberg Television and for Bloomberg Radio.

650
00:36:34,760 --> 00:36:37,120
Speaker 1: I was back in Delco over the weekend outside Philly.

651
00:36:37,400 --> 00:36:39,640
Speaker 1: You know, my sister works at the refinery. I met

652
00:36:39,640 --> 00:36:43,799
Speaker 1: my new niece. I love my new niece, erand cutest baby.

653
00:36:44,320 --> 00:36:46,480
Speaker 1: And uh she's going back to the refinery and like

654
00:36:46,680 --> 00:36:48,439
Speaker 1: a week and a half. And you know, you gotta

655
00:36:48,520 --> 00:36:51,640
Speaker 1: keep these workers safe. I I can't even imagine, but

656
00:36:51,800 --> 00:36:55,760
Speaker 1: mar has always been a hero of mine. Congressman Max

657
00:36:55,880 --> 00:36:59,359
Speaker 1: Rose is on the line. He is a Democrat from

658
00:36:59,400 --> 00:37:02,600
Speaker 1: New York who also had a baby during the pandemic.

659
00:37:02,960 --> 00:37:07,200
Speaker 1: How's Miles doing? Hey, brother, how are you? I'll tell

660
00:37:07,239 --> 00:37:10,560
Speaker 1: you Matt Miles is getting big. He's getting big. He

661
00:37:10,600 --> 00:37:14,080
Speaker 1: sees he's sleeping through the night now though, which is

662
00:37:14,120 --> 00:37:18,200
Speaker 1: a huge blessing. Um. And he's just loving every second

663
00:37:18,200 --> 00:37:20,239
Speaker 1: of it. My friend. All right, now, now you're gonna

664
00:37:20,239 --> 00:37:23,480
Speaker 1: get angry. So you're probably all warm and smiling and fuzzy.

665
00:37:23,719 --> 00:37:26,400
Speaker 1: And now what do you think a leader McConnell's Republican

666
00:37:26,480 --> 00:37:30,200
Speaker 1: unveiled the next round of stimulus. You're putting me on

667
00:37:30,239 --> 00:37:34,880
Speaker 1: an emotional roller coaster. That's the sound on saga. I

668
00:37:36,160 --> 00:37:41,319
Speaker 1: gotta tell you man, I couldn't be angrier this. The

669
00:37:41,480 --> 00:37:46,200
Speaker 1: absence of state and local funding in their package is

670
00:37:46,239 --> 00:37:51,440
Speaker 1: a gigantic middle finger to all of those people. Public workers,

671
00:37:51,440 --> 00:37:54,480
Speaker 1: the folks that we were calling essential who have always

672
00:37:54,480 --> 00:37:58,839
Speaker 1: been essential. Cops, the fireman, the teachers of first responders,

673
00:37:58,840 --> 00:38:02,759
Speaker 1: and sanitation workers, transit workers, folks are going to get

674
00:38:02,760 --> 00:38:07,160
Speaker 1: fired if we can't get states and localities the urgent

675
00:38:07,280 --> 00:38:10,760
Speaker 1: federal aid that they are so deserving of. Mc McConnell

676
00:38:10,840 --> 00:38:14,000
Speaker 1: for months was saying, well, let's just take our time,

677
00:38:14,400 --> 00:38:17,160
Speaker 1: let's see how bad this gets. And the longer that

678
00:38:17,200 --> 00:38:19,520
Speaker 1: they took, the worst than it got, and the worst

679
00:38:19,960 --> 00:38:25,080
Speaker 1: that their proposal has been disgusting and it's wrong and

680
00:38:25,120 --> 00:38:27,960
Speaker 1: it's dead on arrival in my book, all right there

681
00:38:27,960 --> 00:38:30,320
Speaker 1: for our states and cities. So I hear you, and

682
00:38:30,520 --> 00:38:33,040
Speaker 1: and I hear you that that the Democrats are saying

683
00:38:33,280 --> 00:38:37,600
Speaker 1: dead on arrival, And what what's the realistic number? Then

684
00:38:37,680 --> 00:38:40,640
Speaker 1: you've got one trillion coming from McConnell camp. You've got

685
00:38:40,680 --> 00:38:44,400
Speaker 1: three point five trillion coming from Pelosi camp. Where where

686
00:38:44,400 --> 00:38:46,799
Speaker 1: when are people going to roll up their sleeves get

687
00:38:46,800 --> 00:38:49,640
Speaker 1: a deal? You've got a Friday is when they're You're

688
00:38:49,640 --> 00:38:52,200
Speaker 1: going to run out of folks gonna get whacked who

689
00:38:52,200 --> 00:38:55,880
Speaker 1: can't afford to get whacked, mind you, by the unemployment benefits.

690
00:38:55,880 --> 00:38:58,680
Speaker 1: And then Congressman Rose I was, you know, you think

691
00:38:58,680 --> 00:39:01,480
Speaker 1: of all the millions of the Americans who are without homes,

692
00:39:01,680 --> 00:39:05,800
Speaker 1: they under under underserved, who haven't gotten any stimulus right now,

693
00:39:05,960 --> 00:39:11,239
Speaker 1: this just feels like a dire, dire mess. Well, well, look,

694
00:39:11,640 --> 00:39:16,200
Speaker 1: the American people are deserving of a Washington d C

695
00:39:16,760 --> 00:39:19,960
Speaker 1: that puts party aside right now, and you're right, fits

696
00:39:20,000 --> 00:39:24,120
Speaker 1: down and negotiates passes this out, not thinking about their

697
00:39:24,160 --> 00:39:28,080
Speaker 1: own political future, but thinking about the lives on the line.

698
00:39:28,120 --> 00:39:30,640
Speaker 1: We've spoken about the states and the cities. Let's talk

699
00:39:30,640 --> 00:39:34,880
Speaker 1: about the people who are on unemployment right now, possibly

700
00:39:35,320 --> 00:39:38,880
Speaker 1: because their job is no longer in existence due to

701
00:39:38,960 --> 00:39:42,759
Speaker 1: a pandemic, but also potentially because they're not willing to

702
00:39:42,920 --> 00:39:45,680
Speaker 1: go out to work because they don't want to risk

703
00:39:45,719 --> 00:39:51,560
Speaker 1: their lives. Rightfully, so underlying conditions show on and so forth.

704
00:39:52,040 --> 00:39:54,839
Speaker 1: We're gonna give them a massive hit with this. And

705
00:39:54,880 --> 00:39:57,480
Speaker 1: you just you can't look at these issues in a silo.

706
00:39:58,160 --> 00:40:00,120
Speaker 1: This is not just about doing the right thing, the

707
00:40:00,200 --> 00:40:03,200
Speaker 1: moral thing. This is about doing the economically smart thing.

708
00:40:03,480 --> 00:40:05,719
Speaker 1: You want to see the markets tumble, you want to

709
00:40:05,719 --> 00:40:12,040
Speaker 1: see people lining up on food lines. Watch us state. Okay,

710
00:40:12,440 --> 00:40:15,200
Speaker 1: this is not the time to be penny wise and

711
00:40:15,280 --> 00:40:17,480
Speaker 1: pound foolish. Because you hit the nail on the head.

712
00:40:17,680 --> 00:40:20,040
Speaker 1: People's vibes are on the line. I want to ask you,

713
00:40:20,239 --> 00:40:22,400
Speaker 1: we are at a moment of war. At a moment

714
00:40:22,400 --> 00:40:24,360
Speaker 1: of war, you don't think how much it costs to

715
00:40:24,360 --> 00:40:26,799
Speaker 1: win the war. You just win it. You know. I

716
00:40:26,800 --> 00:40:30,120
Speaker 1: want to ask you about some of your legislation that

717
00:40:30,160 --> 00:40:33,080
Speaker 1: you introduced with Congressman Ted Deutsch in the second but

718
00:40:33,160 --> 00:40:35,400
Speaker 1: I want to say on this specific point because what

719
00:40:35,520 --> 00:40:37,279
Speaker 1: I get what I when I talked to Republicans, what

720
00:40:37,320 --> 00:40:40,040
Speaker 1: they say is they want to include some tax credits

721
00:40:40,040 --> 00:40:43,640
Speaker 1: for businesses to make sure that they don't furlough or

722
00:40:43,719 --> 00:40:46,319
Speaker 1: layoff workers by the end of the year. Here at

723
00:40:46,320 --> 00:40:49,719
Speaker 1: Bloomberg were unfortunately tracking these developments of companies saying that

724
00:40:49,760 --> 00:40:52,280
Speaker 1: they're going to have to have furloughs or worst layoffs

725
00:40:52,280 --> 00:40:54,840
Speaker 1: by the end of the year because they can't afford

726
00:40:54,880 --> 00:40:56,640
Speaker 1: to keep them to keep them on. Now, whether or

727
00:40:56,680 --> 00:40:59,000
Speaker 1: not they can or not, you know, let's table that

728
00:40:59,080 --> 00:41:01,960
Speaker 1: debate and important to eight for another day. But is

729
00:41:02,000 --> 00:41:05,359
Speaker 1: that something that Democrats like yourselves are are discussing as

730
00:41:05,360 --> 00:41:08,959
Speaker 1: a potential prescription to help this in addition, of course

731
00:41:08,960 --> 00:41:11,880
Speaker 1: to increasing funds for the underserved. Like I am open

732
00:41:12,000 --> 00:41:16,040
Speaker 1: certainly to any effort that will cut people in their jobs,

733
00:41:16,120 --> 00:41:19,799
Speaker 1: on the on the payroll in any capacity. Now, there's

734
00:41:19,840 --> 00:41:22,400
Speaker 1: a few benefits to that. The first is is that

735
00:41:22,440 --> 00:41:25,520
Speaker 1: it actually positively affects government spending. Right, it keeps them

736
00:41:25,520 --> 00:41:29,279
Speaker 1: off Medicaid, it keeps them off unemployment. But secondly it

737
00:41:29,360 --> 00:41:33,560
Speaker 1: helps the recovery. Right, the longer the people stay on

738
00:41:33,640 --> 00:41:36,279
Speaker 1: the job, the better of a chance we have for

739
00:41:36,320 --> 00:41:38,759
Speaker 1: a speedy and more of a view shaped recovery, a

740
00:41:38,920 --> 00:41:41,799
Speaker 1: term that you've heard quite in your listeners have heard

741
00:41:42,120 --> 00:41:45,360
Speaker 1: quite a lot. There is room here for us to

742
00:41:45,440 --> 00:41:49,480
Speaker 1: meet the Democrats and the Republicans. There's room. But what

743
00:41:49,520 --> 00:41:52,760
Speaker 1: we cannot do is one have no sense of urgency.

744
00:41:53,000 --> 00:41:55,640
Speaker 1: We've seen for the last couple of months, Mr McConnell,

745
00:41:55,680 --> 00:41:57,920
Speaker 1: do just that saying oh, this is gonna pass, This

746
00:41:58,000 --> 00:42:00,600
Speaker 1: is going to pass. This is just a Blue Day issue.

747
00:42:00,880 --> 00:42:03,080
Speaker 1: But secondly, as I said, we have got to put

748
00:42:03,120 --> 00:42:06,360
Speaker 1: the country first. Stop worrying about the next election, because

749
00:42:06,400 --> 00:42:08,600
Speaker 1: I assure you the people who are worried they're gonna

750
00:42:08,640 --> 00:42:10,520
Speaker 1: be able to stay in their homes, they're able to

751
00:42:10,520 --> 00:42:13,120
Speaker 1: put food on the table. They don't care about Democrat

752
00:42:13,200 --> 00:42:15,080
Speaker 1: or Republican. They just want to see us get the

753
00:42:15,200 --> 00:42:17,959
Speaker 1: job done. But you can't get the job done symbolically.

754
00:42:18,520 --> 00:42:21,360
Speaker 1: You have to get the job done with real money,

755
00:42:21,840 --> 00:42:24,560
Speaker 1: real money. Congressmen, Max ros on the line. He's a

756
00:42:24,560 --> 00:42:26,480
Speaker 1: Democrat from New York. He of course, has served in

757
00:42:26,480 --> 00:42:28,319
Speaker 1: the U. S. Army as a platoon leader in the

758
00:42:28,320 --> 00:42:30,920
Speaker 1: war in Afghanistan, and for his service he was awarded

759
00:42:30,960 --> 00:42:33,879
Speaker 1: a Bronze Star and a purple Heart. Congressman, you know,

760
00:42:34,000 --> 00:42:36,680
Speaker 1: when we look at this through the geo political lens,

761
00:42:37,040 --> 00:42:40,920
Speaker 1: especially with last week China shutting down a US consulate

762
00:42:41,000 --> 00:42:45,560
Speaker 1: in chong do I see all the economic strife. Youn't

763
00:42:45,560 --> 00:42:47,719
Speaker 1: even have to be an economist. You just see the

764
00:42:47,760 --> 00:42:51,200
Speaker 1: economic strife when you walk down fourteen Street, when you

765
00:42:51,280 --> 00:42:53,880
Speaker 1: walk around Washington, d C. Or where you are. When

766
00:42:53,920 --> 00:42:56,640
Speaker 1: I was back home this weekend and I just can't

767
00:42:57,320 --> 00:43:01,800
Speaker 1: can't wrap my head around why the international ally community

768
00:43:02,040 --> 00:43:06,000
Speaker 1: is not pressing for more answers and dare I say it?

769
00:43:06,280 --> 00:43:12,640
Speaker 1: Cash coming from Beijing to help this calamity. Yeah. Look, look,

770
00:43:12,640 --> 00:43:15,560
Speaker 1: the truth of the matter is is that we are

771
00:43:15,640 --> 00:43:19,160
Speaker 1: in a global competition. When I see China, I don't

772
00:43:19,160 --> 00:43:23,040
Speaker 1: see a friend. I see competition, competition for economic growth,

773
00:43:23,239 --> 00:43:29,239
Speaker 1: competition for innovation, competition that I sincerely hope and pray

774
00:43:29,400 --> 00:43:34,480
Speaker 1: will not bleed into a competition on the military front,

775
00:43:34,480 --> 00:43:38,160
Speaker 1: but one that we certainly should be prepared for. Okay,

776
00:43:38,320 --> 00:43:40,640
Speaker 1: what China has been doing for the last twenty years

777
00:43:40,800 --> 00:43:43,880
Speaker 1: is engaging in marke untilist activity, while we're acting like

778
00:43:43,960 --> 00:43:48,080
Speaker 1: we're free traders. So we can't be dummies any longer.

779
00:43:48,840 --> 00:43:52,000
Speaker 1: This is a new day to new day, and we

780
00:43:52,040 --> 00:43:54,799
Speaker 1: have got to compete with China's still attracting the best

781
00:43:54,800 --> 00:43:57,920
Speaker 1: and the brightest of producing the best companies up tomorrow.

782
00:43:58,239 --> 00:44:00,520
Speaker 1: And the first step in order to do that is

783
00:44:00,560 --> 00:44:03,560
Speaker 1: to get out of this pandemic as quickly as possible.

784
00:44:03,880 --> 00:44:06,799
Speaker 1: And at this point it's not rocket science, okay. It's

785
00:44:06,880 --> 00:44:11,000
Speaker 1: testing exponentially increasing testing, racing to the vaccine as quickly

786
00:44:11,080 --> 00:44:15,719
Speaker 1: as possible, making PPE available to all, and making sure

787
00:44:15,760 --> 00:44:19,680
Speaker 1: that our hospital systems and our schools are prepared for

788
00:44:19,760 --> 00:44:23,440
Speaker 1: this pandemic with viable and suitable infrastructure. That's how we

789
00:44:23,520 --> 00:44:26,320
Speaker 1: do it, and all of that takes resources. We can't

790
00:44:26,480 --> 00:44:29,399
Speaker 1: let China eat our lunch because that's exactly what they're doing.

791
00:44:29,960 --> 00:44:32,319
Speaker 1: And Congress from acts online, he's a Democrat from New

792
00:44:32,400 --> 00:44:36,360
Speaker 1: York's eleventh Congressional district. Switching gears. You just recently introduced

793
00:44:36,360 --> 00:44:41,120
Speaker 1: a piece of legislation UH to UH combat global anti

794
00:44:41,160 --> 00:44:44,759
Speaker 1: Semitism as well as white supremacists, and you were able

795
00:44:44,800 --> 00:44:47,200
Speaker 1: to secure an amendment to double the budget for the

796
00:44:47,280 --> 00:44:51,839
Speaker 1: Special Onvoy to Monitor and combat Anti Semitism. I don't

797
00:44:51,880 --> 00:44:54,560
Speaker 1: think people even know what this does, so explain it

798
00:44:54,640 --> 00:44:58,600
Speaker 1: to us, UH and how you're able to do this

799
00:44:58,680 --> 00:45:02,839
Speaker 1: in combat white supremacist Yeah, you know. This is I

800
00:45:02,880 --> 00:45:07,520
Speaker 1: believe the most significant new terrorist threats that we face,

801
00:45:07,640 --> 00:45:11,879
Speaker 1: not just in America but also worldwide. It is a

802
00:45:11,920 --> 00:45:17,399
Speaker 1: global movement that looks shockingly like what al Qaeda looked

803
00:45:17,440 --> 00:45:19,800
Speaker 1: like in the early nineties. And what we are trying

804
00:45:19,840 --> 00:45:23,480
Speaker 1: to do with this bill and that other similar efforts

805
00:45:23,680 --> 00:45:25,440
Speaker 1: is one of the hardest things to do in government,

806
00:45:25,760 --> 00:45:30,080
Speaker 1: which is to get bold action before there's a crisis,

807
00:45:30,440 --> 00:45:33,800
Speaker 1: not after. We have groups in the United States of America,

808
00:45:33,920 --> 00:45:36,440
Speaker 1: such as the Base that keep in mind the literal

809
00:45:36,480 --> 00:45:40,560
Speaker 1: translation of the bases al Qaeda Attumn often RAM, and

810
00:45:40,600 --> 00:45:45,799
Speaker 1: those are intimately connected to organizations abroad like Rim is

811
00:45:45,840 --> 00:45:50,439
Speaker 1: a battalion, Sonden Creek Combat eighteen, National Action, and so

812
00:45:50,520 --> 00:45:53,759
Speaker 1: on and so forth. And we have to start addressing

813
00:45:53,800 --> 00:45:57,239
Speaker 1: this global terrors threat in a similar manner to how

814
00:45:57,280 --> 00:46:00,799
Speaker 1: we have addressed other global terrorist threats span the FOG

815
00:46:00,960 --> 00:46:05,880
Speaker 1: Terrorist Organization List, utilized the intelligence assets at our disposal,

816
00:46:06,120 --> 00:46:10,400
Speaker 1: and maintained proper vigilance so that this threat does not

817
00:46:10,640 --> 00:46:14,239
Speaker 1: result in calamitous virace. Okay, Max Rose, Congressman Max FROs,

818
00:46:14,239 --> 00:46:15,920
Speaker 1: I very much appreciate the time. I know you just

819
00:46:15,960 --> 00:46:17,840
Speaker 1: got the hand to your hands on the details of

820
00:46:17,920 --> 00:46:20,200
Speaker 1: that bill, So thanks for calling in to check on

821
00:46:20,200 --> 00:46:21,960
Speaker 1: this on our best of Miles and your wife as well.

822
00:46:22,000 --> 00:46:25,280
Speaker 1: I'm Kevin CEREALI chief Washington correspondent for Bloomberg TV and Radio.

823
00:46:25,320 --> 00:46:35,560
Speaker 1: And you're listening to Bloomberg ninety nine one. This is

824
00:46:35,600 --> 00:46:40,960
Speaker 1: Bloomberg's Sound On with Kevin Surreley on Bloomberg and one

825
00:46:40,960 --> 00:46:44,920
Speaker 1: oh five point seven F M h D two the

826
00:46:46,640 --> 00:46:50,719
Speaker 1: Better Sweet Symphony. I'm Kevin cur Really, chief Washington correspondent

827
00:46:50,760 --> 00:46:55,520
Speaker 1: for Bloomberg Television, and uh for Bloomberg Radio, and we're

828
00:46:55,640 --> 00:46:59,560
Speaker 1: ninety minutes today, folks. I'm just getting started right, not surely.

829
00:46:59,680 --> 00:47:02,960
Speaker 1: And Steve Veranda in our video chatter laughing, They're like,

830
00:47:03,000 --> 00:47:06,200
Speaker 1: oh boy, uh, my mom always told me when I

831
00:47:06,280 --> 00:47:08,839
Speaker 1: was a kid, I talked too much. Joining us on

832
00:47:08,880 --> 00:47:12,560
Speaker 1: the line Matt Gorman, vice president of Targeted Victory and

833
00:47:12,600 --> 00:47:17,000
Speaker 1: former NRCC communications director Max Burns. MAXI, we have two

834
00:47:17,000 --> 00:47:20,640
Speaker 1: Maxes on the show today, Democratic strategist contributor at the

835
00:47:20,719 --> 00:47:23,359
Speaker 1: Daily Beast and New York Daily News and The Independent. Max,

836
00:47:23,480 --> 00:47:26,920
Speaker 1: I talked too much. You did not. In fact, I

837
00:47:26,960 --> 00:47:29,600
Speaker 1: really enjoyed your chat with Congressman Rose. I thought it

838
00:47:29,640 --> 00:47:32,920
Speaker 1: was great. I learned a bit. Always good. I appreciate that.

839
00:47:33,000 --> 00:47:35,120
Speaker 1: And hey, Matt, I was back in Delco is my

840
00:47:35,239 --> 00:47:41,920
Speaker 1: dad's birthday. Oh yeah, which I got him a guillotine.

841
00:47:42,239 --> 00:47:44,600
Speaker 1: So so he was out cutting the lawn after he

842
00:47:44,640 --> 00:47:48,239
Speaker 1: worked on Saturday, and uh, I go, Dad, come on

843
00:47:48,280 --> 00:47:51,280
Speaker 1: in because he always eats salami and the Italian meats

844
00:47:51,280 --> 00:47:55,799
Speaker 1: and whatnot. And get says, I said, Dad, you're gonna

845
00:47:55,800 --> 00:47:58,000
Speaker 1: love this. You're gonna want this for lunch. So he

846
00:47:58,080 --> 00:48:01,040
Speaker 1: opens it up and it's a guillotine for for the

847
00:48:01,080 --> 00:48:03,279
Speaker 1: salami and the meats and the cheeses. And he goes

848
00:48:03,320 --> 00:48:06,680
Speaker 1: it's like John the Baptist. I said, oh my gosh, Dad,

849
00:48:06,719 --> 00:48:09,600
Speaker 1: I get I get into this. So he loved it.

850
00:48:09,600 --> 00:48:11,560
Speaker 1: It was it was a hit, huge hit in the

851
00:48:11,680 --> 00:48:14,719
Speaker 1: Soreli household. I think I might have won. Actually, my

852
00:48:14,800 --> 00:48:17,080
Speaker 1: niece is a Enophew's got him Eminem's, but he got

853
00:48:17,160 --> 00:48:19,160
Speaker 1: a guillotine. The last gift I got him that he

854
00:48:19,239 --> 00:48:23,160
Speaker 1: loved this much was the cast iron skillet. So you know,

855
00:48:23,760 --> 00:48:27,520
Speaker 1: simple fun makes a great gift. I think I want, okay,

856
00:48:27,560 --> 00:48:30,239
Speaker 1: back to this. What's on your radar? Gentlemen, Enough about Dad.

857
00:48:30,440 --> 00:48:36,400
Speaker 1: What's on your radar? Matt go first? Oh geez, well, okay, look,

858
00:48:36,440 --> 00:48:39,440
Speaker 1: I think with a bunch of hotspots. I used to

859
00:48:39,440 --> 00:48:41,880
Speaker 1: work in the healthcare sector. UM, so I've been kind

860
00:48:41,880 --> 00:48:45,680
Speaker 1: of tracking how how are these states like text in Florida, like,

861
00:48:45,719 --> 00:48:47,640
Speaker 1: how are they allocate and PP How can they do

862
00:48:47,719 --> 00:48:51,680
Speaker 1: it kind of smarter more effectively? Um? And so one

863
00:48:51,760 --> 00:48:57,080
Speaker 1: company has actually created a NASA style command center in

864
00:48:57,480 --> 00:49:02,279
Speaker 1: hospital like in Tampa. A couple other states something in

865
00:49:02,280 --> 00:49:04,320
Speaker 1: the Pacific Northwest too, but they're trying it in Dampa

866
00:49:04,360 --> 00:49:07,480
Speaker 1: in Florida. UM to try and allocate everything from beds

867
00:49:07,840 --> 00:49:12,600
Speaker 1: to staff to ppe manage it. UM. It's really fast

868
00:49:12,600 --> 00:49:16,320
Speaker 1: that I've been following that. Let's dive into this. So

869
00:49:16,320 --> 00:49:18,719
Speaker 1: so they've got command centers and what are they doing

870
00:49:18,760 --> 00:49:22,440
Speaker 1: the data. They're tracking the beds, they're tracking the equipment

871
00:49:22,480 --> 00:49:28,440
Speaker 1: because actually hospital's ability to have the right equipment, have

872
00:49:28,680 --> 00:49:33,320
Speaker 1: the right data information really could reflect not just news

873
00:49:33,360 --> 00:49:35,960
Speaker 1: for the economy, but also for news of the spread

874
00:49:35,960 --> 00:49:38,239
Speaker 1: of the virus. And all of this data and not

875
00:49:38,360 --> 00:49:41,280
Speaker 1: just data of a test, but data of the beds

876
00:49:41,320 --> 00:49:45,319
Speaker 1: that are occupied, of where travel flow is, all of

877
00:49:45,360 --> 00:49:48,200
Speaker 1: this data. We had my buddy Michael eastern On who

878
00:49:48,239 --> 00:49:50,600
Speaker 1: had a piece and Outside magazine on people's you know,

879
00:49:50,960 --> 00:49:55,640
Speaker 1: workouts devices. All of that data is actually going to

880
00:49:55,680 --> 00:49:58,840
Speaker 1: be utilized and is being utilized in such a different

881
00:49:58,840 --> 00:50:02,120
Speaker 1: way than any time really an American or human history

882
00:50:02,160 --> 00:50:06,680
Speaker 1: because of this technology, right completely, and and g that's

883
00:50:06,719 --> 00:50:09,960
Speaker 1: I is the one that's doing this. I just saw it,

884
00:50:10,080 --> 00:50:12,640
Speaker 1: looked it up. And you know, one of the other

885
00:50:12,719 --> 00:50:16,120
Speaker 1: things is, Okay, how do you qualify an elective versus

886
00:50:16,160 --> 00:50:19,440
Speaker 1: not elective surgery? Right? Because like we're talking, pastors are spending.

887
00:50:19,800 --> 00:50:24,080
Speaker 1: You know, we're trying to you know, restart elective surgeries. Well,

888
00:50:24,080 --> 00:50:28,560
Speaker 1: if you have an emergency appendectomy, that's considered an elective surgery, right,

889
00:50:28,840 --> 00:50:31,719
Speaker 1: and so it's there's a lot of little interest these

890
00:50:32,080 --> 00:50:34,279
Speaker 1: that you know, are really important as we're kind of

891
00:50:34,320 --> 00:50:37,600
Speaker 1: managing this, and not only as hospitals, like especially in

892
00:50:37,640 --> 00:50:41,040
Speaker 1: New York, going from treating you know, solely COVID, but

893
00:50:41,120 --> 00:50:44,360
Speaker 1: also opening it up to you know, regular procedures like

894
00:50:44,400 --> 00:50:46,759
Speaker 1: can't your screening and the like. It's gonna be a

895
00:50:46,800 --> 00:50:49,239
Speaker 1: fascinating way forward, I think for a lot of health

896
00:50:49,280 --> 00:50:53,240
Speaker 1: care system. Yeah, it really is. It really is remarkable. Okay,

897
00:50:53,360 --> 00:50:56,880
Speaker 1: Max Burns, what's on your radar? I'm actually keeping an

898
00:50:56,880 --> 00:50:59,759
Speaker 1: eye on this hearing that's scheduled on the Hill that

899
00:50:59,800 --> 00:51:04,440
Speaker 1: cantinues to be postponed with the executives from Apple, Facebook, Google,

900
00:51:04,480 --> 00:51:08,640
Speaker 1: and Amazon who refused to testify digitally if they have

901
00:51:08,760 --> 00:51:12,880
Speaker 1: to use competitors products, which is hilarious and I understand it,

902
00:51:13,200 --> 00:51:17,359
Speaker 1: but also they're using before we talk to policy. I mean,

903
00:51:17,400 --> 00:51:20,640
Speaker 1: it would be like having an Eagles player have to

904
00:51:20,680 --> 00:51:23,719
Speaker 1: wear a Dallas Cowboys jersey. I kind of understand, but

905
00:51:23,760 --> 00:51:26,239
Speaker 1: at the same time, it's also come on, these are

906
00:51:26,320 --> 00:51:29,360
Speaker 1: jobs on the line, national security issues. Get on the zoom,

907
00:51:29,360 --> 00:51:31,400
Speaker 1: get on the skype, Come on, we think we know

908
00:51:31,440 --> 00:51:34,920
Speaker 1: who you are, Mark Zuckerberg. Go ahead, Yeah, exactly. And

909
00:51:34,960 --> 00:51:38,480
Speaker 1: it shows that there there is these ways that executives

910
00:51:38,480 --> 00:51:41,719
Speaker 1: will use anything possible to avoid sitting down before the

911
00:51:41,800 --> 00:51:43,520
Speaker 1: Hill for what they know is going to be a

912
00:51:43,560 --> 00:51:47,479
Speaker 1: really contentious hearing. And my sense is that they will

913
00:51:47,520 --> 00:51:51,280
Speaker 1: eventually yield and use some sort of compromise video chat.

914
00:51:51,360 --> 00:51:53,799
Speaker 1: But it'll be interesting to see the dynamics and how

915
00:51:53,800 --> 00:51:58,439
Speaker 1: that changes the questioning and the back and forth when

916
00:51:58,480 --> 00:52:01,280
Speaker 1: you can just claim you didn't hear somebody, or claim

917
00:52:01,280 --> 00:52:04,319
Speaker 1: your video cutout, or do whatever you want. And that's

918
00:52:04,320 --> 00:52:08,080
Speaker 1: on Wednesday, right it is. And so what are you

919
00:52:08,160 --> 00:52:10,600
Speaker 1: specifically going to be looking for in terms of policy

920
00:52:11,000 --> 00:52:14,680
Speaker 1: for them to potentially accomplish, because so many people, you know,

921
00:52:14,719 --> 00:52:17,200
Speaker 1: the left to say and they're too big. You've got

922
00:52:17,200 --> 00:52:19,799
Speaker 1: the right raising First Amendment issues and they're really in

923
00:52:19,800 --> 00:52:23,840
Speaker 1: the thickett things. Yeah, Peck really has few friends on

924
00:52:24,000 --> 00:52:26,839
Speaker 1: the Hill at the moment. And even though it's not

925
00:52:26,920 --> 00:52:29,759
Speaker 1: directly related, I mean the Twitter hack that happened a

926
00:52:29,800 --> 00:52:33,520
Speaker 1: couple of weeks ago will be driving questions about how

927
00:52:33,560 --> 00:52:37,960
Speaker 1: well these platforms are securing the information, especially of critical

928
00:52:38,000 --> 00:52:42,080
Speaker 1: accounts like the president or policymakers, because what we've seen

929
00:52:42,200 --> 00:52:45,520
Speaker 1: is really scary and how undefended this stuff is and

930
00:52:45,560 --> 00:52:48,799
Speaker 1: how easily you can break in and just say things

931
00:52:48,880 --> 00:52:54,680
Speaker 1: that could cause serious repercussions globally. It's uh, it's remarkable.

932
00:52:55,000 --> 00:52:58,800
Speaker 1: One of the things on my radar is Joe Biden,

933
00:52:58,960 --> 00:53:04,239
Speaker 1: who has Reli East a two trillion dollar energy plan.

934
00:53:04,880 --> 00:53:10,000
Speaker 1: That's right, a two trillion dollar energy plan. Uh. This

935
00:53:10,320 --> 00:53:16,000
Speaker 1: according to the uh Bloomberg terminal. It comes after he

936
00:53:16,040 --> 00:53:20,120
Speaker 1: announced targeting real estate taxes to fund a seven hundred

937
00:53:20,120 --> 00:53:26,520
Speaker 1: and seventy five billion dollar childcare plan. Um. So you've

938
00:53:26,560 --> 00:53:31,160
Speaker 1: got Biden's energy plan, the economy plan, and it really

939
00:53:31,200 --> 00:53:34,120
Speaker 1: just seems like there's going to be more government of

940
00:53:34,960 --> 00:53:39,279
Speaker 1: funding for a while. Headline in the in in the

941
00:53:39,320 --> 00:53:42,919
Speaker 1: New York Times, Biden announces two trillion dollar climate plan.

942
00:53:43,080 --> 00:53:46,280
Speaker 1: Joe Biden's plan connects tackling climate change with the economic

943
00:53:46,320 --> 00:53:51,319
Speaker 1: recovery from the coronavirus crisis, while also addressing racism. The

944
00:53:51,360 --> 00:53:55,000
Speaker 1: proposal drew praise from his one time critics. This from

945
00:53:55,080 --> 00:53:59,160
Speaker 1: Katie Glick and Lisa Friedman reporting in The Times, and

946
00:53:59,200 --> 00:54:02,600
Speaker 1: he laid out this plan in a speech in Wilmington, Delaware.

947
00:54:03,120 --> 00:54:07,040
Speaker 1: But he it's the second part really of the economic

948
00:54:07,120 --> 00:54:12,400
Speaker 1: Recovery AH plan that he's been been discussing. But what

949
00:54:12,520 --> 00:54:15,560
Speaker 1: I think is going to be really fascinating is how

950
00:54:15,600 --> 00:54:20,320
Speaker 1: he contrasts this with the Green New Deal and whether

951
00:54:20,400 --> 00:54:22,600
Speaker 1: or not is the equivalent of the Green New Deal,

952
00:54:22,680 --> 00:54:28,480
Speaker 1: because no doubt Republicans will will say as much. It

953
00:54:28,600 --> 00:54:32,840
Speaker 1: really did get some support from some progressives like Governor

954
00:54:32,920 --> 00:54:37,239
Speaker 1: j Einsley of Washington State, who is an environmentalist member.

955
00:54:37,239 --> 00:54:40,200
Speaker 1: He ran in the Crowded Field pre pandemic, and he

956
00:54:40,239 --> 00:54:42,600
Speaker 1: says that quote, this is not a status quo plan.

957
00:54:42,760 --> 00:54:46,080
Speaker 1: So I mean, I it's gonna these debates are gonna

958
00:54:46,080 --> 00:54:50,759
Speaker 1: be remarkable, remarkable. Al Right, folks, how do we do

959
00:54:50,920 --> 00:54:55,280
Speaker 1: on our socially distant expanded sound on Gorman you're listening

960
00:54:55,320 --> 00:54:57,560
Speaker 1: to the Taylor Swift new album or or you're still

961
00:54:57,600 --> 00:55:02,520
Speaker 1: listening to me? You know, will both appreciate that, Hey,

962
00:55:02,640 --> 00:55:06,000
Speaker 1: it's gonna be Kevin Ta. Do you like it? Hey?

963
00:55:06,080 --> 00:55:11,840
Speaker 1: You know, sounds very similar. But then that's an excuse

964
00:55:11,840 --> 00:55:14,120
Speaker 1: to really go and look in the lyrics. The lyrics

965
00:55:14,120 --> 00:55:19,640
Speaker 1: are very, very illustrated. I really enjoyed that interesting, interesting burns.

966
00:55:19,960 --> 00:55:22,880
Speaker 1: You're probably like smoking a cigar and listening to Sinatra.

967
00:55:23,440 --> 00:55:25,279
Speaker 1: I Don't You Don't Take You don't strike me as

968
00:55:25,280 --> 00:55:29,360
Speaker 1: a swifty I have not yet listened, but I promise

969
00:55:29,440 --> 00:55:31,920
Speaker 1: I will. I think whoever gets the highest selling record

970
00:55:31,960 --> 00:55:37,280
Speaker 1: becomes the presidential nominee or something. Isn't that wow? Listen?

971
00:55:37,800 --> 00:55:41,000
Speaker 1: I listened to Kanye, I listened to Taylor I Don't

972
00:55:41,040 --> 00:55:44,400
Speaker 1: Take Sides. That does it for me. Thanks guys, Thank you, gentlemen.

973
00:55:44,400 --> 00:55:46,360
Speaker 1: Thank you to Max Rose as well and Jen Jacobs

974
00:55:46,400 --> 00:55:49,360
Speaker 1: and Jackith Patrick. I'm Kevin s Really, Chief Washington correspondent

975
00:55:49,360 --> 00:55:51,760
Speaker 1: from Amber TV and radio. Shout out some ruthful Shirley

976
00:55:51,880 --> 00:56:00,239
Speaker 1: and Bata. If you're listening to Bloomberg, Yes,