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Speaker 1: Live from Our Nation's 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? From the United States Relationship with China

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

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

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

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

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

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

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Speaker 1: m h D two. Did you see the blue angels

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Speaker 1: over the weekend? Really gave me goose bumps. We've got

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Speaker 1: a lot to get through, including now Governor Hogan facing

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Speaker 1: a lawsuit over the reopening of the economy. Plus Susan Lawn,

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Speaker 1: partner at McKenzie and Company and a leader at the

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Speaker 1: Mackenzie Global Institute in Washington, d C tells us about

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Speaker 1: the new McKenzie Job Insights Report. You've got to hear

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Speaker 1: about this, and we take We talk foreign policy and

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Speaker 1: domestic policy from the U S. China front with Lester Munson,

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Speaker 1: a principal at Government Relations from b GR Group and

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Speaker 1: Kristin Hahn, Democratic strategist, senior advisor at Rock Solution, Lots

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Speaker 1: to get through on a finally a beautiful weatherwise day

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Speaker 1: in Washington, d C. As the Senate reconvenes, the Senates

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Speaker 1: back where a speaker Pelosi, where's the House? Will dive

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Speaker 1: into that as well. The Senates back, Folks, the Senates back,

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Speaker 1: But it's actually not a senator who's grabbing most of

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Speaker 1: the attention. The Secretary of the Senate. I told you

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Speaker 1: about this on Friday. The Secretary of of the Senate

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Speaker 1: responded to former Vice President Joe Biden's letter that was

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Speaker 1: written to to the Secretary of the Senate to try

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Speaker 1: to get that document pertaining to pair a read well.

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Speaker 1: The Secretary of the Senate says that they have no

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Speaker 1: quote no discretion to disclose end quote, the information sought

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Speaker 1: by mer Vice President Joe Biden reading the new report

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Speaker 1: from Politico. So we're gonna dive into that later on

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Speaker 1: in the program. But the big story tonight remains President

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Speaker 1: Trump's comments within the last twenty four hours, fresh from

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Speaker 1: Secretary of State Mike Pompeo's remarks on China. It appears

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Speaker 1: to be growing tension between the US and China. This

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Speaker 1: as President Trump says that he is considering terrorists potentially

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Speaker 1: on the economic front. Meanwhile, on Capitol Hill a bevy

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Speaker 1: of legislation everything on the left and the right. There

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Speaker 1: is some nonpartisan wiggle room as scrutiny over si Jing

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Speaker 1: Ping and Beijing and the lack of transparency according to

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Speaker 1: the intelligence community UH that they exhibited on on COVID nineteen.

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Speaker 1: Joining me on the line, my colleague, one of the

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Speaker 1: bosses in the Bloomberg bureau, alex Wayne. Alex Wayne is,

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Speaker 1: of course Bloomberg News White House lead editor, Alex I

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Speaker 1: understand your quarantine with four kids, so I understand have

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Speaker 1: an interruption, and that is okay. It's the family here, right, totally, totally.

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Speaker 1: I got him outside with snacks and UH in a

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Speaker 1: water table, so I might have I might have a

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Speaker 1: little bit of time here, all right, Well, but well,

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Speaker 1: hopefully we can get some some fresh information from you.

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Speaker 1: It does Do you agree that over the past two

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Speaker 1: weeks or so that the president has I don't want

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Speaker 1: to say rhetoric wise, but that there there seems to

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Speaker 1: be growing tension from the US perspective towards China. Oh yeah,

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Speaker 1: he's dialing it up. I think I think he can

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Speaker 1: absolutely say that the rhetoric is getting harsher from the

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Speaker 1: Trump administration. And and uh, and they are, they're sort

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Speaker 1: of making more mouth noises about about pursuing some Yeah,

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Speaker 1: here's one of them, about pursuing some some sort of

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Speaker 1: retaliation against China. Guys, hang on a minute, it do

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Speaker 1: we know do we know which avenue they might pursue.

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Speaker 1: The president of Fox News town Hall indicated that tariffs

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Speaker 1: might be something that's on the table. But you know,

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Speaker 1: you talk about things as it relates to untangling investments

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Speaker 1: from uh, from from retirement savings accounts, a higher education.

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Speaker 1: There's been a push from the likes of Senator Mark Warner,

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Speaker 1: a Democrat from Virginia, Marco Rubio, Republican from Florida. What

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Speaker 1: are some of the policy tools that lawmakers and the

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Speaker 1: president are talking about. We don't know that they're seriously

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Speaker 1: considering anything to be to be honest, uh, And and

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Speaker 1: we have, you know, we have some some indications that

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Speaker 1: they're that they're really that they're really not They don't

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Speaker 1: have anything serious on the table right now. Trump didn't

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Speaker 1: mention terrorists, but it was it was sort of in

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Speaker 1: a kind of passing tangential way, just sort of raised

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Speaker 1: the ideam and and then moved on, Uh, we don't

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Speaker 1: think they're they're seriously considering new terrorists against China. They

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Speaker 1: just signed a phase one trade deal. Trump wants to

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Speaker 1: be able to take that that trade deal into his

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Speaker 1: reelection campaign and brag about it. Um, even as by

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Speaker 1: the way, Joe Biden tries to beat him over the

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Speaker 1: with it, saying he was more focused on the trade

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Speaker 1: deal then on a coronavirus outbreak. Uh. But you know

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Speaker 1: the problem here is anything that we do to China

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Speaker 1: economically hurts us. We need cheap stuff from China right now.

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Speaker 1: There are a lot of people out of work who

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Speaker 1: are are trying to put together a budget and um,

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Speaker 1: and the kind of things you can buy at Walmart

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Speaker 1: are going to be really a lifesaver for those folks.

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Speaker 1: Right now, let me ask one more question on the

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Speaker 1: US trying to trade front before we pivot to the

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Speaker 1: unemployment numbers. But as it relates to UH to trade

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Speaker 1: in particular, I mean from a policy standpoint, you made

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Speaker 1: the policy argument from a political standpoint there's political risk

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Speaker 1: in the sense that you saw this when the US

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Speaker 1: and China were negotiating back and forth on their trade agreements.

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Speaker 1: Beijing fired right back at the heartland to try to

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Speaker 1: get the president's attention. Is there a concern in an

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Speaker 1: election year from the administration that Beijing would retaliate just

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Speaker 1: from a to get the president's attention politically, Yeah, they

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Speaker 1: certainly would that. There's every expectation of that, UM And

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Speaker 1: so they can't risk that either. UM And and yeah,

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Speaker 1: you know, it's it's it's kind of a mine field

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Speaker 1: here trying to retaliate for China. Now, there's there's no

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Speaker 1: question that there's bipartisan anger at China for this outbreak, um,

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Speaker 1: not only in the US. By the way, there's a

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Speaker 1: lot of you know, there's been some good reporting that

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Speaker 1: other countries are pretty curious in China for uh, for

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Speaker 1: you know, whatever happened over there that LEDs this outbreak

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Speaker 1: UM that then has grown to to really consume the world. UM.

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Speaker 1: But but I think there's gonna be a struggle not

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Speaker 1: only in the US but but internationally to figure out

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Speaker 1: what to do about it. I mean, and when you

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Speaker 1: talk about things like five G and the imprint that

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Speaker 1: China tried to some makes sense successfully in the short

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Speaker 1: term to make in in the in roads with Europe

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Speaker 1: and even in Latin America and South America. From the

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Speaker 1: five G standpoint, I just think in the long term,

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Speaker 1: based upon my reporting and based of all the incredible

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Speaker 1: reporting that your team is doing, Alex, I think that

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Speaker 1: this is a dramatic, dramatic moment, uh in a shift

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Speaker 1: in geopolitical tension the set it reconvene today. I do

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Speaker 1: want to ask you about something President Trump at that

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Speaker 1: same Fox News town hall where he was at the

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Speaker 1: Lincoln Memorial, the President saying that he's open to another

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Speaker 1: round of economic stimulus, provided the payroll tax cut be involved,

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Speaker 1: be be included in it. What is the expectation that

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Speaker 1: that happened. Yeah, you know, it's a weird thing that

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Speaker 1: he's that he's kind of gotten stuck on this, this

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Speaker 1: payroll tax cut. A payroll tax cut doesn't do anything

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Speaker 1: for people who are unemployed. A payroll tax cut only

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Speaker 1: helps people who've got jobs and are getting paychecks. Uh.

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Speaker 1: And so Democrats are really totally against it. We can't

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Speaker 1: we can't really detect much of an appetite among Republicans

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Speaker 1: in Congress, and we're not sure who is really talking

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Speaker 1: this up to the president. We don't think that Larry

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Speaker 1: Cublo or student notion er are are real fond of

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Speaker 1: this idea. But they've you know, they've they've played good

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Speaker 1: soldier and they're now advocating for it. Um. But it's

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Speaker 1: it's it's a little bit of a mystery. While he's

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Speaker 1: pushing so hard for this. I'll tell you what I think.

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Speaker 1: Uh president has promised before the coronavirus outbreak that he

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Speaker 1: pushed for a middle class tax cut before the election,

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Speaker 1: and everybody kind of laughed at him because the president

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Speaker 1: does this before every election. And you'll rememberen he pushed

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Speaker 1: for a middle class tax cut. It never happened. Um.

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Speaker 1: But if he can actually get a payroll tax cut

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Speaker 1: done in and around a stimulus, he can plausibly go

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Speaker 1: to voters and of a bern say I got a

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Speaker 1: middle class tax kept past exactly. All right, very good.

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Speaker 1: Did you and the kids get to see the Blue

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Speaker 1: Angels and the Thunderbirds. We watched some video we were

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Speaker 1: out high game when it passed over. Awesome, awesome, alex Wan,

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Speaker 1: thank you so much for taking a breaking dad, duty

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Speaker 1: to UH to to break all of that down for us,

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Speaker 1: and again, congratulations on all the incredible work that you

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Speaker 1: and your team are doing. It's it's you guys are

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Speaker 1: doing excellent work and we're grateful for it. That's Alex

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Speaker 1: Wayne everybody. Alex of course is uh the team leader

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Speaker 1: for Bloomberg News White House. He's the lead editor. I

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Speaker 1: apologize the Bloomberg News White House lead editor breaking down

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Speaker 1: all of the latest headlines coming out of the White House.

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Speaker 1: Coming up much more job numbers, foreign policy, and escalating

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Speaker 1: tensions between the US and China. I'm having Cereli, Chief

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Speaker 1: Washington correspondent for Bloomberg Television and form Bloomberg Radio, and

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Speaker 1: you're listening to Bloomberg. You're listening to Bloomberg Sound On

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Speaker 1: with Kevin Sireley on Bloomberg and one Old five point

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Speaker 1: seven a m h D. Two. I'm Kevin Cereli, chief

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Speaker 1: Washington correspondent for Bloomberg Television and for Bloomberg Radio. Finally, finally,

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Speaker 1: a spring day in Washington. Took us long enough, took

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Speaker 1: us all of April to get here. You're following me.

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Speaker 1: The Senate's back. We're gonna sive into that coming up

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Speaker 1: with Leinster Munson over at b GR Group and UH

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Speaker 1: and of course UH Christen Haunt, who's the former colms

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Speaker 1: director for the Blue Dog Coalition, and Lester UH did

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Speaker 1: all the policy for the Senate Form Relations Committee back

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Speaker 1: when former chairman now Corker Bob Corker of Tennessee chaired

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Speaker 1: the committee. I still have goose bumps. I don't know

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Speaker 1: about you. I still have goose bumps from the Blue

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Speaker 1: Angels and the Thunderbirds. Over the weekend, I was with

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Speaker 1: a very very close quarantinemmate as we call them now

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Speaker 1: quarantinematee UH in the backyard of a friend's house and

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Speaker 1: I got to see it and it really was I

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Speaker 1: texted this back home to my family and Delko I said,

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Speaker 1: this is one of the most this is how I'm

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Speaker 1: going to remember the pandemic in Washington, d C. Is

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Speaker 1: seeing that because it for whatever reason, I think, I

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Speaker 1: hope that that will be the memory imprinted on collectively

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Speaker 1: this community's memory, because it really was a show of

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Speaker 1: support and and strong UH gratitude gratitude for all of

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Speaker 1: the first responders and essential workers. UH very grateful, speaking

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Speaker 1: of gratitude to have UH Susan returned to the program

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Speaker 1: to talk about Susan Lawn, partner at McKenzie and Company

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Speaker 1: and a leader at the Mackenzie Global Institute in Washington,

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Speaker 1: d C. They have another report out, COVID nineteen and Jobs,

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Speaker 1: monitoring the US impact on people and places. Susan, thank

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Speaker 1: you so much for coming back on the program. Did

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Speaker 1: you get to see over the weekend the blue angels

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Speaker 1: and thunderbirds? I did not get to see them, unfortunately,

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Speaker 1: but I did hear them flying over my house. Well,

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Speaker 1: that's good. You heard it. You heard it. You know,

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Speaker 1: as someone who's on radio, sometimes sound can go a

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Speaker 1: lot further than television. Let me ask you, what are

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Speaker 1: the big takeaways from COVID nineteen and jobs this new report, Well,

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Speaker 1: the news is not very good. We've been tracking what's

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Speaker 1: been happening with people filing for unemployment claims, and what

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Speaker 1: you see is that in the last six weeks, we've

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Speaker 1: had thirty million Americans apply for unemployment for the first time.

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Speaker 1: Thirty million um that is, you know, that's about of

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Speaker 1: the US workforce um. And but as we look at

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Speaker 1: the number of jobs that are at risk, up to

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Speaker 1: fifty seven million jobs or at risk of either layoff,

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Speaker 1: temporary furlow, or reduced hours. So unfortunately, the numbers could

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Speaker 1: actually grow higher in the weeks to come. So what

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Speaker 1: I find interesting is one of the points that the

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Speaker 1: report makes is that proportionately the United States, you take

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Speaker 1: a comparative approach to to the European Union. When you

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Speaker 1: when you compare the United States to the European Union, proportionately,

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Speaker 1: how does how does the US compare? The US has

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Speaker 1: more jobs at risk is a share of the workforce,

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Speaker 1: and I think that reflects the structure of the labor

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Speaker 1: force in the US versus Europe. So for one thing,

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Speaker 1: in Europe, you have much larger public sectors, which is

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Speaker 1: basically government workers. They're not at risk of being laid

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Speaker 1: off um. And you've also got more unionized workers in

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Speaker 1: all sorts of industries in Europe, which is I think

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Speaker 1: one of the reasons that they have overall, still a

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Speaker 1: lot but a somewhat lower portion um of the labor

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Speaker 1: force with jobs at risk. Susan Luntz on the line.

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Speaker 1: She's a partner at McKinsey and Company and a leader

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Speaker 1: at the McKenzie Global Institute in Washington, d C. I

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Speaker 1: was struck by the five states in which a quarter

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Speaker 1: or more of the workforce has applied for unemployment Hawaii, Kentucky, Michigan, Pennsylvania,

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Speaker 1: and Rhode Island. Why what are these Why those five states?

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Speaker 1: Do you think or do we know why those five

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Speaker 1: states have a quarter or more of the workforce think

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Speaker 1: of I can't even comprehend that one in four or

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Speaker 1: more of the workforce has applied for unemployment. Yeah, it's

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Speaker 1: really striking. I mean, there are different stories. So Hawaii

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Speaker 1: is a story about tourism without air travel and tourists

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Speaker 1: coming from the mainland US but also from Asia. Hawaii

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Speaker 1: has taken a big hit. Uh. In Michigan and Kentucky.

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Speaker 1: In Pennsylvania it's more of a manufacturing story. So in

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Speaker 1: miss again they saw the largest automotives assembly plants closed down.

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Speaker 1: Now some have reopened to men, you know, to work

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Speaker 1: on ventilators. But still it's a massive workforce that has

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Speaker 1: been told to stay home for the moment, and and

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Speaker 1: job postings have declined obviously, but there have been small

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Speaker 1: increases in COVID nineteen related occupations. What are some of

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Speaker 1: the sectors that have seen some of those increases. Well,

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Speaker 1: it's very interesting as we start to think about what

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Speaker 1: new jobs are going to come out of all of this. Now,

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Speaker 1: a large number of them, not surprisingly, are in healthcare.

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Speaker 1: So a lot of the job postings were for respiratory

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Speaker 1: therapists that's working in a que care and nurses and doctors. UM.

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Speaker 1: More interesting was translators in hospitals to basically communicate with

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Speaker 1: the COVID patients. I think going forward, we're going to

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Speaker 1: see a lot more delivery people. I'm sure you've been

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Speaker 1: ordering your groceries online, maybe meals or mine, etcetera. And

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Speaker 1: the shift towards more um package is being delivered to

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Speaker 1: our houses I think will increase. So we talked about

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Speaker 1: this the last time you were on the program. It

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Speaker 1: bears repeating. It should color every single conversation economically on

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Speaker 1: Wall Street, on main Street, big business, small business, but

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Speaker 1: low wage, part time and minority workers are the most

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Speaker 1: likely folks to hold vulnerable jobs. This according to once

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Speaker 1: again this new report out from Mackenzie, low wage, part

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Speaker 1: time and minority workers are the most likely to hold

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Speaker 1: the most vulnerable jobs. And I was the reason I

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Speaker 1: really appreciate this report and I'm grateful to have you

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Speaker 1: come back on is because It notes in the report

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Speaker 1: that this is an opportunity as we climb our way

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Speaker 1: out of this and rebuild, to rebuild better, stronger, and

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Speaker 1: for the longer term. Talk about that for me, it's true.

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Speaker 1: So unfortunately, the people who are least able to withstand

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Speaker 1: a period of not earning money are the ones most

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Speaker 1: likely to be unemployed from all of this. Yes, there

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Speaker 1: are some white color jobs, maybe even a book to

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Speaker 1: a quarter of workers who are at risk are in

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Speaker 1: the higher income levels, but as you said, three quarters

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Speaker 1: are um, you know, less money. So these are jobs

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Speaker 1: we've known for the last time. Years at unemployment grew

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Speaker 1: very high levels, but the quality of jobs in many

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Speaker 1: cases was lacking part time work, minimum wage, few benefits, etcetera. UM. Now,

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Speaker 1: as we as we move forward and rethink the workforce,

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Speaker 1: I hope that we'll see some of the policies that

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Speaker 1: we've seen and acted in the care Is Act actually

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Speaker 1: extended so for the first time ever, self employed people

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Speaker 1: can apply for unemployment benefits. UM we've also seen an

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Speaker 1: expansion of benefits. So as we move towards whatever the

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Speaker 1: next normal is going to look like, it is an

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Speaker 1: opportunity for STAKES and also the federal um legislatures to

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Speaker 1: think about how to give more benefits to more people.

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Speaker 1: Susan Lan, come back on when you have the next report.

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Speaker 1: Appreciate your time, my friend, partner at Mackenzie and Company.

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Speaker 1: I'm Kevin Sirelli. More Next, you're listening to Bloomberg. This

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Speaker 1: is Bloomberg's Sound On with Kevin Surrel on Bloomberg and

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

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Speaker 1: I'm Kevin Sireli, Chief Washington correspondent for Bloomberg Television of

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Speaker 1: Bloomberg Radio. Christine Rata naturally have me laughing in the

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Speaker 1: next seat group chat that runs our show. Charlie Valmer's

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Speaker 1: on the board up in New York City, Bloomberg World Headquarters.

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Speaker 1: Thank you Charlie for helping out today. Appreciate it as

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Speaker 1: always very thrilled that we have two of my favorites

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Speaker 1: on the line to help us navigate through. But is

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Speaker 1: a dizzying day in Washington, d C Headlines. Lester months

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Speaker 1: In Returns, principal at government relations firm b g R Group.

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Speaker 1: He of course, was previously working for Center Form Relations

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Speaker 1: Committee Chairman Bob Corker, Republican from Tennessee. I don't know

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Speaker 1: why I said it like that, Bab Corker Bob Corker

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Speaker 1: Senator Bob Corker, former Senator and Kristen Hall and Democratic

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Speaker 1: strategist senior advisor at Rock Solutions and former Blue Dog

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Speaker 1: Coalition communications director Kristen Lester thrilled to have you. Kristen.

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Speaker 1: Did you see the thunderbirds and Blue Angels? Oh? Gosh,

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Speaker 1: I did. I. Actually I live on Capitol Hill here

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Speaker 1: in west in d C. So they went pretty must

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Speaker 1: directly over my house. It was. It was pretty amazing. Lester,

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Speaker 1: What about you? I missed them. I'm too far south,

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Speaker 1: I guess, but they look good on social media. Instagram

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Speaker 1: didn't do it justice. Okay, that's all I'm gonna say, Lester,

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Speaker 1: Instagram did not. Or TikTok the kids these days. I

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Speaker 1: got this thing called TikTok owned by the Chinese that, uh,

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Speaker 1: it doesn't do it justice. Kristen, what's going on at

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Speaker 1: these terror read allegations? Uh? The center it UH is saying.

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Speaker 1: The Senate Secretary says that they're not going to release

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Speaker 1: the documents UH from relating to terror Reid's alleged complaint,

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Speaker 1: and Biden had asked for it to be released. But

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Speaker 1: now the Senate is saying that the archives don't possess

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Speaker 1: the record. I mean, I don't know. This is just

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Speaker 1: going to continue unless they get the documents out there. Yeah,

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Speaker 1: and I think Biden was right. UM did the right thing,

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Speaker 1: UH first of all in responding to the allegations, saying

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Speaker 1: that you know, every woman has the right to be heard,

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Speaker 1: and then UM those allegations UH in every instance need

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Speaker 1: to be fully investigated, and calling for the sent to

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Speaker 1: release those records. So UM, I agree with you. I

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Speaker 1: think this will continue to go on until until UM

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Speaker 1: you know, those records are released. UM. I think that

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Speaker 1: you know, the archives are the right place to go.

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Speaker 1: Is mentioned UM rather than UM University of Delaware, uh to.

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Speaker 1: But there's so much fusion surrounding this, and some of

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Speaker 1: her comments, UM you know have been added to that

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Speaker 1: confusion this morning. So I agree with you this this

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Speaker 1: will continue to become a cloud. I think that UM,

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Speaker 1: you know, hangs over the campaign. But but I do

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Speaker 1: think that the Vice president UM has done a good

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Speaker 1: job in in addressing those allegations head on and being

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Speaker 1: very forthright with the americacy. So I just want to

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Speaker 1: bring folks up to speed. Because this is the latest

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Speaker 1: development and the terror Read story. On Friday, as we

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Speaker 1: talked about on this program, former Vice President Joe Biden

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Speaker 1: wrote to the Secretary of the Senate UH Julie Adams,

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Speaker 1: and he asked, Secretary of the Senate, Julie Adams, quote

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Speaker 1: you take or direct whatever steps are necessary to establish

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Speaker 1: the location of the records of this office, and once

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Speaker 1: they have been located, to direct a search for the

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Speaker 1: alleged complaint, and to make public the results of the search.

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Speaker 1: Then earlier today, UH Julie Adams UH put out or

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Speaker 1: UH put out a statement or a letter, a letter

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Speaker 1: responding to Biden and said that there's quote no discretion

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Speaker 1: to disclose end quote the existence of former a terror

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Speaker 1: Reads complaint of sexual assault against the then senator. In

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Speaker 1: reading from Alexander Balton's reporting on in The Hill newspaper

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Speaker 1: at the Hill dot Com. Um So, I mean, look,

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Speaker 1: that's where things stand. I think you're right, Kristen. But

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Speaker 1: from from your conversations with with your fellow Democrats and

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Speaker 1: Democratic circles, is the party behind Biden on this issue?

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Speaker 1: I think so. And I think you've seen a number

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Speaker 1: of um, you know, female senators and other leading. Uh.

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Speaker 1: Figures in the Democratic Party, UM that you know have

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Speaker 1: have reiterated their support for the vice president. So I

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Speaker 1: think that, UM, you know, I would hope that these

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Speaker 1: records would be released. UM. I don't think that the

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Speaker 1: vice president has anything to hide. And you know, I

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Speaker 1: for all the conversations that I'm having, people seem to

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Speaker 1: be fully behind Biden. Alright, moving on, moving on the

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Speaker 1: Biden world. By the way, from a policy standpoint, releasing

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Speaker 1: an economic plan for African Americans earlier today as well,

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Speaker 1: I want to come back to something that we discussed

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Speaker 1: earlier on the program lesser months in principle of b

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Speaker 1: GR group, and that is this escalating tension that the

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Speaker 1: United States has with China. How do you look at

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Speaker 1: and evaluate the tension not just coming from the White House,

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Speaker 1: but also from both parties in Washington, are both parties

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Speaker 1: on Capitol Hill. Well, you know it's interesting, Kevin. Uh.

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Speaker 1: There's been bipartisan concern I think that's the right word

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Speaker 1: about China for several years now, and I think it's

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Speaker 1: just been that concern has been kind of bubbling below

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Speaker 1: the surface. President Trump has been out there imposing tariffs

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Speaker 1: on China, which confused a lot of people on the Hill.

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Speaker 1: They didn't know how to react to that. Republic Wlikans

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Speaker 1: are not natural supporters of tariffs, and Democrats arguably are,

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Speaker 1: and I think they were. Democrats are all a shocked

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Speaker 1: that they kind of agreed with the president. Republicans are

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Speaker 1: a little concerned about what he's doing. But there's been

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Speaker 1: this low level um below the surface concerned about China

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Speaker 1: for quite some time. The COVID nineteen crisis has brought

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Speaker 1: that to the surface and even higher, and so now

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Speaker 1: you're seeing people from Tom Cotton to Nancy Pelosi voicing

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Speaker 1: their concerns about China's actions since the virus first emerged

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Speaker 1: in November December. Christen, what are what are? What are

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Speaker 1: you hearing? As a same question to you, Kristen, especially

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Speaker 1: though keeping it on Democrats for a second, Democrats are concerned.

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Speaker 1: I think I think so much is coming is focused,

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Speaker 1: rightfully so on what the president's doing from the executive

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Speaker 1: branch perspective. But Democrats are just as concerned about China

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Speaker 1: folks as Republicans are. Christen right or am I wrong? No?

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Speaker 1: I think you're right, and I think um we all

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Speaker 1: have shared concerns about you know, their you know, medally

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Speaker 1: in Congress or the election. Um, you know, not just

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Speaker 1: like Russia has, but China you know does that as well. Uh.

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Speaker 1: And then also I know that you know, a lot

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Speaker 1: of with a lot of the moderate Democrats, Um, there's

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Speaker 1: always been an underlying concern about how much of their

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Speaker 1: our debt that they own, um, you know, in their

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Speaker 1: ability to wage economic warfare with the United States. Um.

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Speaker 1: So uh, you know, I think that there's concern across

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Speaker 1: the board. And as you know, we're dealing in this

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Speaker 1: COVID nineteen world and you know, the debt escalating, and um,

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Speaker 1: you know, just them being good actors in general, I

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Speaker 1: think that that's a shared concern now with you know,

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Speaker 1: among vote party for sure. So lesser, what's the first step?

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Speaker 1: Is it a legislative vehicle? Is it? Is it a

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Speaker 1: bipartisan bill? I mean, we're focusing a lot on the economy,

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Speaker 1: but for China, I mean, is it how how does

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Speaker 1: in the short term? Is there is there something that's

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Speaker 1: not I don't want to say a quick fix, but

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Speaker 1: is there a short term messaging? Believe in what where

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Speaker 1: do you you you served on the Foreign Relations Committee?

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Speaker 1: You know it better than anyone, what is the first step. Well,

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Speaker 1: I think, first of all, I think the president is

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Speaker 1: you know, he's asked for his staff to look into

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Speaker 1: the matter and come back to him with recommendations. That

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Speaker 1: is almost for sure going to result in new sanctions

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Speaker 1: on China once we get past the period where we

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Speaker 1: are no longer relying on them for um, supply chain

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Speaker 1: materials related to coronavirus. And I want to because sanctions

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Speaker 1: on China so broad. Is it sanctions on on specifically,

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Speaker 1: on on economic sectors, on individuals, or what do you think?

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Speaker 1: I think we're looking at teariffs across the board on

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Speaker 1: Chinese products. He's the president is likely going to need

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Speaker 1: more assistance for US farmers. But I think Trump is

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Speaker 1: going to look to make uh antagonism with China the

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Speaker 1: feature of his presidential campaign. I think Republicans on the

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Speaker 1: Hill are going to echo that, and I think it's

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Speaker 1: going to put Democrats in a tough spot because they

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Speaker 1: they want to agree with him on a lot of

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Speaker 1: the criticism he has of China, but they're not They're

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Speaker 1: not going to be able to just endorse what he's doing.

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Speaker 1: Biden in particular might be a little bit vulnerable on this.

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Speaker 1: He's always been a pro engagement with China. Guy, he's

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Speaker 1: got to walk that back a little bit now. It's

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Speaker 1: a tough spot for him, I think so. So Trump

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Speaker 1: is going to push this to his advantage and look

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Speaker 1: for guys like Senator Rish, Congressman McCall on the hill

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Speaker 1: to echo that and make that a little bit easier

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Speaker 1: for him. You know. I think that's a great point, Kristen,

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Speaker 1: coming up, I want to ask you though about how

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Speaker 1: Biden is going to take this head on Based on

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Speaker 1: conversations that I have with Democrats. Uh, they're looking at

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Speaker 1: trying to make uh footing in the in the world,

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Speaker 1: especially with Europe, to bring Europe back in agreement with

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Speaker 1: the United States, which they argue Trump has not done.

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Speaker 1: President Trump has not been able to do. So I

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Speaker 1: think that you're going to hear a lot more about

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Speaker 1: the European angle, getting Europe to be back on the

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Speaker 1: same page as in the United States. Chris, and I'm

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Speaker 1: gonna ask you about all that stick around, Lester Kristen.

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Speaker 1: I'm Kevin s Really, chief Washington correspondent for Bloomberg TV

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Speaker 1: and Radio, and you're listening to Bloomberg