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Speaker 1: Why 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 for the United States relationship with China?

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Speaker 1: Floomberg 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 kennidates 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: Surrel on Bloomberg and one oh five point seven fm

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Speaker 1: h D. Two Eyes on Florida as both President Trump

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Speaker 1: and Democratic presidential nominee Joe Biden head to the Sunshine State.

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Speaker 1: All important, and of course tuesday's election Speaker Pelosi talks

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Speaker 1: to our David Weston will give you the latest on

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Speaker 1: the fiscal stimulus front. No surprise they're not getting to

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Speaker 1: a deal. All of that, plus the latest on what's

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Speaker 1: happening in the markets today. First though, let's get a

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Speaker 1: check of the headlines from my good friend Nancy Lions

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Speaker 1: and NaN's thanks, Kevin, you said it. Florida is in

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Speaker 1: the focus today for both presidential candidates President Trump and

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Speaker 1: Joe Biden have been holding rallies in the Sunshine State.

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Speaker 1: Melania Trump kicked things off for her husband. For those

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Speaker 1: of you who are still deciding who vote for on Tuesday,

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Speaker 1: I hope that what I have to say will prove

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Speaker 1: to you that a vote for President Trump is a

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Speaker 1: vote for a better America. At a drive in rally

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Speaker 1: in Broward County, Joe Biden told his supporters if Florida

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Speaker 1: goes blue, he wins it. All these final days, stay empowered,

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Speaker 1: stay optimistic, stay united, make a plan to vote. And

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Speaker 1: a Monmouth University poll release today, Biden leads Trump tot

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Speaker 1: cent among registered voters in Florida in a model for

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Speaker 1: a high turnout election that goes to we'll give up

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Speaker 1: on the mail and take your ballot to a drop box.

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Speaker 1: That's the advice being given by the local elections officials.

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Speaker 1: Maryland officials say more than one point six million voters

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Speaker 1: in Maryland requested mail ballots this year, a roughly tenfold

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Speaker 1: increase in twenty sixteen, but due to continued postal delays,

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Speaker 1: they're saying it may be too late to return to

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Speaker 1: your ballot by mail. They're suggesting voters drop off ballots

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Speaker 1: at one of the states two two drop boxes. The

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Speaker 1: state requires that ballots be postmarked by November three and

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Speaker 1: then received by November. In order to count in Virginia,

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Speaker 1: all mailed ballots must be postmarked November three and received

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Speaker 1: by noon November six. Well after making its deepest plunge

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Speaker 1: in seven decades in the second quarter, the US economy

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Speaker 1: bounced back in the third with an annualized gain of

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Speaker 1: thirty at top economists estimates of a thirty two pent rise. Analysts,

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Speaker 1: though remain cautious for the future. Outlook is the virus

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Speaker 1: surges and additional relief remains elusive. It's unclear if the

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Speaker 1: report will impact the election, given more than seventy seven

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Speaker 1: million Americans have already cast their ballot. There is a

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Speaker 1: positive direction today on Wall Street, the DAL was up

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Speaker 1: a hundred thirty nine points to twenty six thousand, six

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Speaker 1: fifty nine. Yesterday, you may remember, it dropped more than

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Speaker 1: nine hundred points. The Nasdaq was up a hundred eighty

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Speaker 1: one points to eleven thousand six in the SNP game

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Speaker 1: thirty nine Global News twenty four hours a day on

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Speaker 1: air and on Bloomberg Quick Take powered by more than

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Speaker 1: twenty seven hundred journalists and analysts and more than a

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Speaker 1: hundred and twenty countries. I'm Nancy Allions back to you, Kevin,

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Speaker 1: and see my name is Kevin SURREALI. I'm the chief

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Speaker 1: Washington correspondent for Bloomberg Television and for Bloomberg Radio. All

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Speaker 1: eyes on Florida, folks. As now we are just days

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Speaker 1: away from the presidential election. Former Vice President Joe Biden

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Speaker 1: and President Trump holding dueling rallies in the battleground state

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Speaker 1: of Florida today as the clock ticks down till election day.

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Speaker 1: On Tuesday, at a drive in rally in the politically

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Speaker 1: famous Broward, Connie fired up. Joe Biden urged supporters to

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Speaker 1: get out the vote. Here he is, you haul the key.

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Speaker 1: If Florida goes blue, it's over. It's over. And then

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Speaker 1: there was President Trump. Here's President Trump. We're never gonna

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Speaker 1: lockdown again. We locked down, we understood the disease, and

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Speaker 1: now we're open for business. And that's what it is.

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Speaker 1: That was President Trump speaking, and earlier later on in

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Speaker 1: the program, speaking of speaking of the economy, we're going

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Speaker 1: to hear from an exclusive interview that our David Weston

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Speaker 1: did with Speaker of the House Nancy Pelosi. But first

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Speaker 1: let's get a lay of the political map from Greg

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Speaker 1: Darau Bloomberg, Government elections reporter Greg All important Florida. What's

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Speaker 1: the latest in terms of the polls are saying in

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Speaker 1: the early voting is saying well, in Florida, it's very

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Speaker 1: key to the presidency. Of course, just about every time

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Speaker 1: Florida votes for the winner of the presidential election, see

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Speaker 1: a robust vote in early voting, but also mail in

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Speaker 1: votes UM and in person votes. The the voting by

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Speaker 1: mail has favored Democrats, but voting in person early has

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Speaker 1: favored Republicans. And so on election night we need to

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Speaker 1: exercise some cautution because once those first votes start hit

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Speaker 1: shortly after seven pm Eastern time in those counties that

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Speaker 1: closed at that time on the eastern coast, we could

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Speaker 1: see a lead for Biden materialized early, but Trump could

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Speaker 1: whittle away at it depending on who shows up on

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Speaker 1: election day. Okay, what specific parts of Florida shall we

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Speaker 1: be paying attention? So well, we can look at almost

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Speaker 1: every county and just compared to the sixteen baseline. Now,

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Speaker 1: Trump and Clinton did in the sixteen races, but there

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Speaker 1: are some counties of note in Florida that tend to

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Speaker 1: vote like the nation or like the state at large.

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Speaker 1: And a couple of counties I'm looking at pretty closely

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Speaker 1: include Panellis County that includes clear Water and St. Petersburg

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Speaker 1: on the on the Tampa Bay Coast that voted very

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Speaker 1: closely to the Florida totals in the election. And then,

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Speaker 1: given President Trump's uh weakness or softness amongst some senior

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Speaker 1: citizen uh senior citizen voters, you can look at counties

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Speaker 1: that have larger, higher median ages, like Sumter County, which

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Speaker 1: includes the villages the President recently made a campaign visit there.

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Speaker 1: It has the highest median age in the country. Trump

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Speaker 1: carried it by forty and if he loses, if he

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Speaker 1: wins it by say or thirty, you know it's a

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Speaker 1: warning sign because you should be winning it by more. Okay, Meanwhile,

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Speaker 1: let's go off the coast. It's in North Carolina. What's

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Speaker 1: the lightest on North Carolina. There, you've got really close

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Speaker 1: races at all levels of the ballot for president, for Senate,

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Speaker 1: even for the state legislature. In a couple of House seats.

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Speaker 1: It's a seven thirty PM poll closing time, and North

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Speaker 1: Carolina is permitted to kind of collect and process votes

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Speaker 1: that come early, unlike in some northern states. Um, so

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Speaker 1: we may get the result of North Carolina perhaps Tuesay

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Speaker 1: night or early Wednesday morning, depending on how close it is.

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Speaker 1: But it's yes, it's It's definitely one of the six

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Speaker 1: or seven top states worth watching in the presidential election,

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Speaker 1: and also one of the top four or five states

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Speaker 1: to watch in terms of control of the Senate. Greg

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Speaker 1: Drowse with me Bloomberg, Government Elections reporter. Greg. You know,

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Speaker 1: you look at a state like Pennsylvania and at folks.

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Speaker 1: Greg is literally the battleground political map mind of Bloomberg.

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Speaker 1: He knows every county, every parish down in Florida. But

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Speaker 1: you know, I look at a state like Pennsylvania so

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Speaker 1: incredibly important. Uh. And and the south eastern, not the southwestern,

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Speaker 1: the southeastern part of the state where you've got to

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Speaker 1: policy issues on a collision course. Racial inequality in the

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Speaker 1: city of Brotherly Love, where there is a nine pm

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Speaker 1: carfew because of the killing of a black man um

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Speaker 1: by police officers. Uh. And that that incident that has

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Speaker 1: sparked looting and protests, some peaceful so I'm not uh

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Speaker 1: in Philadelphia. And then you've got the issue of fracking,

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Speaker 1: an energy policy where news overnight on the Bloomberg Terminal

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Speaker 1: just across the river, where people commute back and forth

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Speaker 1: across the Delaware River on the Commodore Barry Bridge, where

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Speaker 1: they've got a refinery laying off two D fifty workers,

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Speaker 1: all of their refinery workers. How how is Pennsylvania? How

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Speaker 1: is that? Right? There? An illustration of the dynamics in Pennsylvania.

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Speaker 1: Greg really fascinating state. Pennsylvania very well, maybe the so

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Speaker 1: called tipping points state. It's certainly a state where I

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Speaker 1: want to know the results of the of the election

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Speaker 1: there is sooner rather than later. But it could be

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Speaker 1: a long count because Pennsylvania is not one of those

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Speaker 1: states that can process early votes before election days. So

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Speaker 1: we may see on election night in Pennsylvania, Donald Trump

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Speaker 1: move out to an early lead that Joe Biden may

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Speaker 1: whittle away at and possibly take over the lead later

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Speaker 1: later in the week. Even but it's a pretty fascinating

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Speaker 1: state politically. You've got a number of counties worth watching there. Um,

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Speaker 1: there are three counties in Pennsylvania that voted for Barack

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Speaker 1: Obama and Donald Trump. In Erie County where Trump made

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Speaker 1: a visit a few days ago, Luzerne County near Scranton,

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Speaker 1: and then Northampton County. Uh, in the in the you know,

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Speaker 1: in the eastern part of state of the Poconos. So

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Speaker 1: you've got those three counties there. But as you mentioned,

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Speaker 1: it's a fascinating state where you've had Southeastern Pennsylvania kind

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Speaker 1: of moved towards Democrats the last couple of decades, but

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Speaker 1: southwestern Pennsylvania, which used to be very ancestry Democratic, shifted

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Speaker 1: strongly toward Trump. And then you've got this big T

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Speaker 1: that I like to call it that Pennsyltucky. You've got

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Speaker 1: a T, kind of a big T. I think Rhodes Cook,

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Speaker 1: a political analyst, coined this. But you've got a big

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Speaker 1: tea across the northern tier of Pennsylvania and cutting down

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Speaker 1: the middle that is overwhelmingly Republican. And Trump in really

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Speaker 1: squeezed a lot of votes there out of those rural

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Speaker 1: counties that enabled him to overcome his deficits in Metro Philadelphia.

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Speaker 1: All right, Uh, what else is on your radar in

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Speaker 1: terms of other battleground states. What do we miss seeing?

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Speaker 1: Greg Drew? Give us, give us the what are we missing?

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Speaker 1: What do you think? Uh, we're not seeing well. You

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Speaker 1: always get some early signs from some of the early

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Speaker 1: poll closing states, although we may not know the results

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Speaker 1: of them right away. But the first polls closed at

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Speaker 1: six o'clock Eastern time in Indiana and Kentucky. There's a

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Speaker 1: suburban Indianapolis district. I'm watching closely there, But seven o'clock

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Speaker 1: is when most of Florida closes. As I mentioned, Georgia

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Speaker 1: is also worth watching very closely. Their poll closing time

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Speaker 1: is seven pm Eastern. They've got not one but two

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Speaker 1: US Senate races and both could go to runoffs in

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Speaker 1: January if no one wins a majority of the vote.

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Speaker 1: There are a couple of House races worth watching in

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Speaker 1: suburban Atlanta, and then the presidential race there is very close.

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Speaker 1: We may see Georgia as a top battleground state after

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Speaker 1: years of Republican dominance. All right, what do you think

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Speaker 1: the Greg Jorrow is with us? I mean, do you

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Speaker 1: what do you do you fill out like a bracket?

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Speaker 1: Do you have like your own prediction coloring map? How

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Speaker 1: does how does Greg Drew, the political junkie mastermind, predicts

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Speaker 1: the election? I don't do a whole lot of predicting. Um.

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Speaker 1: I do like to watch where the votes are coming

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Speaker 1: from and how they compare the previous elections. So how

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Speaker 1: I prepare is just and you know, just a lot

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Speaker 1: of data crunching. I pull up election results from the

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Speaker 1: most recent elections, trying to detect trends. But what's your method?

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Speaker 1: What's your method? Grag give us a little color because

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Speaker 1: you know on this show we like to go behind

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Speaker 1: the scenes. Do you do you do you have a

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Speaker 1: cup of coffee or do you have a certain election? Uh?

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Speaker 1: I don't know. Strategy meal, How does someone get that

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Speaker 1: much information packed in their head on on these counties

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Speaker 1: and whatnot? Oh, it's just I think it's an accumulation

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Speaker 1: of doing the same thing for about you more than

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Speaker 1: twenty years. I started doing this in the late nineteen nineties.

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Speaker 1: I remember two thousand very vividly and seeing, you know,

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Speaker 1: what happened in Florida, And you know, you just need

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Speaker 1: to be prepared and learn as much about the counties

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Speaker 1: as you can. I like delving into the history of counties.

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Speaker 1: I like Pennsylvania as an example. I just it's it's

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Speaker 1: just fascinating how much Western Pennsylvania in eastern Pennsylvania basically

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Speaker 1: flipped in political orientation over the last or thirty years.

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Speaker 1: It is exactly and it's personal. It's so deeply personal

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Speaker 1: to people. And the great thing about Greg Folks is

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Speaker 1: that he's just purely data and it's so hard to

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Speaker 1: come by in this climate. Thanks to Greg Jorrow, I

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Speaker 1: cannot waits keep talking with you all throughout the week.

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Speaker 1: He is, of course, our elections guru here at Bloomberg.

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Speaker 1: Coming up next. What happened in the markets? I'm Kevin Cirelli. Speaker.

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Speaker 1: Pelosi still says she's trying to get to a deal.

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Speaker 1: When you're listening to Bloomberg, you're listening to Bloomberg. Sound

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Speaker 1: on with Kevin Currele on Bloomberg and one oh five

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Speaker 1: points seven m h D two. I'm Kevin Cirelli, Chief

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Speaker 1: Washington correspondent for Bloomberg Television and for Bloomberg Radio. US

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Speaker 1: stocks bounced back a day after their biggest route in

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Speaker 1: four months, with investors encouraged by better than forecast economic

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Speaker 1: data even as they keep a wary eye on growing

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Speaker 1: coronavirus infections. The specks one two percent, the most since

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Speaker 1: October twelfth. After President Donald Trump said he plans a

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Speaker 1: very big package of stimulus following the election, and how

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Speaker 1: Speaker Nancy Pelosi spoke to our very own David Weston

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Speaker 1: about that g d P number more than thirty percent

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Speaker 1: more than GDP growth in the third quarter according to

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Speaker 1: the data that we got out from from earlier today.

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Speaker 1: Take a listen to Speaker Pelosi earlier today on Bloomberg TV.

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Speaker 1: It is proof that we need to stimulus. Even more so.

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Speaker 1: The reason we had a good a better second quarter

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Speaker 1: than uh was a better third quarter is good because

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Speaker 1: what we did in the Cares Act and the following

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Speaker 1: a subsequent legislation for p P P that put money

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Speaker 1: into the economy. Now people are coming. Uh, that's going

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Speaker 1: to wear off and we need another infusion. We know

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Speaker 1: that the said is that was Speaker Pelosi speaking earlier

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Speaker 1: today on Bloomberg Television. Eric Weener joins me now Bloomberg

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Speaker 1: Markets Live team leader and the author of two books

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Speaker 1: about Wall Street, What Goes Up and the Shadow Market.

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Speaker 1: Eric helped me make sense of the market today. Bad day, yesterday,

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Speaker 1: good day today? What gave well, it was bad three days. Um. Really,

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Speaker 1: the if you look at the SMP it's been down

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Speaker 1: while starting Monday, it was down five through yesterday, so

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Speaker 1: really you were kind of ready for a bit of

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Speaker 1: a giveback. Anyway, Historically after a day like yesterday, you

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Speaker 1: usually get some kind of a bounce back, so we

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Speaker 1: weren't entirely surprised. Um, it was sort of muted. Uh.

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Speaker 1: You also have what people haven't been talking about is

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Speaker 1: um the European Central Bank talking about doing stimulus itself,

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Speaker 1: so or you know, easing or however it would be done.

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Speaker 1: But that's kind of a bullish thing for investors. And

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Speaker 1: then we also saw a couple of buy programs move

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Speaker 1: in late in the afternoon, in the middle of the afternoon,

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Speaker 1: and that was really probably triggered by somebody hitting some

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Speaker 1: level somewhere. And you know, once that kicks in automatically,

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Speaker 1: you have a bunch of computers just buying a bunch

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Speaker 1: of stocks. Um, So it lifted things, but I don't

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Speaker 1: necessarily know if the tenor of the market is that

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Speaker 1: this is going to hold Alright, Alright, so this talking

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Speaker 1: economic stimulus, you heard from Speaker Pelosi, if you heard

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Speaker 1: from President Trump, how's that impacting the mood of the markets?

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Speaker 1: I don't know if they buy it. I mean, really,

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Speaker 1: everybody's kind of on hold until the election. Um. Every

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Speaker 1: it's pretty clear that the President wants a big package,

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Speaker 1: and he should. It's pretty clear that Pelosi wants a

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Speaker 1: big package and she should. Good. Uh, it's pretty clear

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Speaker 1: that they disagree on some of the elements of it,

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Speaker 1: but those appear to be able to be bridged. It's

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Speaker 1: really the GOP Senate that is most obstructing in this sense.

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Speaker 1: But I don't know that, like the markets are thinking

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Speaker 1: that if Biden comes along and wins and you get

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Speaker 1: the Dems Senate, you'll get a bigger stimulus. But I

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Speaker 1: don't know that anybody assumes you won't get a nice

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Speaker 1: sized stimulus package of Trump wins too, because he's really

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Speaker 1: going to go after that hard. It's it's it's really

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Speaker 1: a remarkable, remarkable recalibration of swords on the markets that

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Speaker 1: have factored in in recent weeks, the likely election volatility

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Speaker 1: coming with the results on Tuesday, and now seemingly we're

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Speaker 1: caught off guard by some of the lockdowns and restricting

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Speaker 1: and maybe lockdowns is too much of a is not

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Speaker 1: the appropriate world, but some of the increased restrictions to

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Speaker 1: be more precise that are that are happening in Germany

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Speaker 1: and France, and now the sense of this economic anxiety

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Speaker 1: amongst investors that it could happen again in the United

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Speaker 1: States because of the uptick and COVID cases. Can you

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Speaker 1: speak to that. That's absolutely what's going on. So if

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Speaker 1: you think about the stock market, it's a forward looking mechanism.

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Speaker 1: It's trying to predict what's going to happen next. And

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Speaker 1: the fear really isn't about the election anymore. It's about,

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Speaker 1: to the extent that it's about the election, it's about

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Speaker 1: who would manage COVID better. Because really what people are

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Speaker 1: afraid of are these coming lockdowns or whatever will happen

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Speaker 1: restrictions on the economy. I read yesterday that about ten

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Speaker 1: percent of office workers are back in New York City.

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Speaker 1: I'm not back in New York City. I'm working out

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Speaker 1: of my house. Um, but when you think about like

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Speaker 1: the amount of money that's just spent commuting, uh, all

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Speaker 1: of that's gone. And then you have restaurants and you

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Speaker 1: have every other aspect of the economy that can be

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Speaker 1: shut down, and regionally, nationally at some level, it's going

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Speaker 1: to hit. That's the fear that the market has. That's

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Speaker 1: what yesterday was all about. You start seeing things like

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Speaker 1: France shutting down, and everybody goes, oh my god, that's

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Speaker 1: gonna happen here. Look at what's going on in the

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Speaker 1: Upper Midwest. Uh. Eric Wiener's on the line. Uh. And

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Speaker 1: and he just did this brilliant, brilliant he's our he's

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Speaker 1: our Bloomberg Markets Live team leader and the author of

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Speaker 1: two books about Wall Street what goes up in the

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Speaker 1: shadow market. But he just did this incredible, incredible m live,

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Speaker 1: go speechless feature on the Bloomberg terminal titled a Trader's

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Speaker 1: Guide to Election. Uh. Many of our readers participated, as

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Speaker 1: well as some of our colleagues. And I was really

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Speaker 1: struck by Cameron's comments. Cameron crease Um macro Strategists up

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Speaker 1: in New York, just about how over in Europe the

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Speaker 1: equity cyclical tilt should be should see export oriented sectors

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Speaker 1: catch a bid on less protectionist trade policies. That's the

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Speaker 1: expectation is that a Biden administration would come in and

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Speaker 1: would have less protectionist trade policies. However, based upon my reporting,

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Speaker 1: I think some of these tariffs Eric are are are

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Speaker 1: here to stay. Regardless of the outcome. Um, in November,

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Speaker 1: I really do well that see you're reporting is interesting

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Speaker 1: to me because that is not what the market is expecting.

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Speaker 1: One of the things that we find is that the

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Speaker 1: market doesn't always read politics right. They don't know how,

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Speaker 1: but they don't know how. Eric, I gotta jump in

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Speaker 1: here because it's it's remarkable to me because the way

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Speaker 1: policy in Washington works, whether it's some of the sanctions

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Speaker 1: that have been placed in the last couple of weeks

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Speaker 1: coming from the State's Department, or at some of the

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Speaker 1: negotiations that have gone on. Do you really think Biden's

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Speaker 1: gonna get in there and say, oh, you know what, TikTok,

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Speaker 1: We're gonna drop this case or we're gonna do that.

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Speaker 1: It's not the way it works. No, And it's I

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Speaker 1: have these conversations all the time because I actually do

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Speaker 1: come from a political background originally. But um, the really,

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Speaker 1: when you when you look at it, what markets think

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Speaker 1: is that Biden will come in and peace will break

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Speaker 1: out all over the world, our trading partners back in

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Speaker 1: uh in Europe, China will be our friend again, and

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Speaker 1: everything is going to be fun. And it's as you

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Speaker 1: put it, it's just not that simple. And you just

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Speaker 1: don't write wipe out things that have been written into orders.

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Speaker 1: You don't just discount everything that was done if it

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Speaker 1: could have been done easily. Think of what Trump would

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Speaker 1: have done to Obamacare. So it's just not as simple

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Speaker 1: as that. But the market reacts as if this would

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Speaker 1: be like, you know, flipping a switch. And really, I

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Speaker 1: think the expectation is that if Biden comes in, there's

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Speaker 1: this sea change in kind of how trade works. But

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Speaker 1: I don't know that consumption is going to be there.

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Speaker 1: I mean, even if let's just say piece does break

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Speaker 1: out all over the world, who's going to buy anything?

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Speaker 1: Who's making money? And that's really the question. And the

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Speaker 1: other question is do you really think, folks that Senator

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Speaker 1: Bernie Sanders or Senator Elizabeth Warren are going to be

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Speaker 1: in favor of the World Trade Organization w t O

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Speaker 1: uh nominee that the Obama illustration blocked in? Negozi okonjo iweala.

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Speaker 1: I don't know. That's where populist politics gets really really interesting.

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Speaker 1: We got a minute left, go ahead? Yeah, Well that's it.

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Speaker 1: And it's not only senator, it could be cabinet bingo.

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Speaker 1: You know, so you all of these people who have

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Speaker 1: varying different agendas are going to be feeding into Biden's

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Speaker 1: head and we have no idea where this is going

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Speaker 1: to go. And the market is taking a very simplistic

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Speaker 1: view of a very complex issue. Very good, Eric Quener,

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Speaker 1: thank you so much for for making time for me today.

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Speaker 1: I always learn when I talked to Eric, he's just brilliant, brilliant, brilliant,

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Speaker 1: and his team has a great special what goes Up? Um,

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Speaker 1: well that's his book, What Goes Up in the Shadow Market.

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Speaker 1: But he also has a great special on Bloomberg called

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Speaker 1: a Trader's Guide to Election. Go check it out. Coming up,

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Speaker 1: we head back down to Florida. Adam Goodman is gonna

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Speaker 1: join me and Adam Hodge, the Adams, the Atoms are back.

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Speaker 1: I'm Kevin CURRELLI you're listening to Bloomberg. Why from our

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Speaker 1: nation's CALEA, how do we reopen this economy? The latest

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Speaker 1: on how this pandemic is impacting farmers? What does this

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Speaker 1: do for the United States relationship with China? Floomberg sound

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Speaker 1: on the insiders, the influencers, the insides. We're responding to

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Speaker 1: this crisis, and manufacturers are stepping up like never before.

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Speaker 1: You're looking at seventy Kennedys for different vaccines. How do

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Speaker 1: we make sure a pandemic of this scale never happens again?

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Speaker 1: This is Bloomberg Sound On with Kevin's related on Bloomberg

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Speaker 1: one and one oh five point seven fm h D two.

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Speaker 1: President Trump and Joe Biden hosting dueling rallies in the

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Speaker 1: sunshine state of Florida. We go live to Florida with

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Speaker 1: Adam Goodman, plus the latest on the economic stimulus. Speaker

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Speaker 1: Pelosi talks to our David West in this as US

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Speaker 1: stocks bounced back a day after their biggest route in

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Speaker 1: four months. The US economy's record third quarter surge has

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Speaker 1: already given way to a more moderate pace of growth,

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Speaker 1: fresh new economic indicators suggest. First though, let's get a

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Speaker 1: check of the headlines from my good friend Nancy lions Hey,

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Speaker 1: nuts Hey, Kevin. President Trump and Joe Biden have been

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Speaker 1: looking for votes in the battleground state of Florida today,

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Speaker 1: with both making the argument that they're the best person

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Speaker 1: to move the country forward. We're never gonna lock down again.

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Speaker 1: We locked down, we understood the disease, and now we're

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Speaker 1: open for business. And that's what it is. I'm not

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Speaker 1: gonna shut down the economy. I'm not gonna shut down

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Speaker 1: the country, but I'm gonna shut down the virus. President

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Speaker 1: Trumph is also expected a campaign in North Carolina today,

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Speaker 1: but that trip was canceled due to the winds from

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Speaker 1: what's left of Zeta. The category to storm the made

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Speaker 1: landfall yesterday at about this time. In Louisiana, well a

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Speaker 1: businessman accused of taking part in a fraud and money

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Speaker 1: laundering plot with two associates of Rudy Giuliani, is pleaded guilty.

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Speaker 1: Bloomberg's Nathan Hagar reports David Correa was accused of working

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Speaker 1: with Leve Parnass and Igor Frewman in a wide ranging

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Speaker 1: scheme to solicit campaign donations from foreign investors while advancing

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Speaker 1: their business interests in the US. One of the charges

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Speaker 1: against Korea related to a three twenty five thousand dollar

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Speaker 1: donation made by Parnass and Frewman to the Trump affiliated

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Speaker 1: America First Political Action Committee. Corea's plea is the first

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Speaker 1: admission of guilt from any of the defendants in the case.

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Speaker 1: Nathan Hagar, Bloomberg and one oh five point seven f

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Speaker 1: m HD two did ec police Department has released bodycam

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Speaker 1: footage of the police pursuit and crash that resulted in

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Speaker 1: the death of twenty year old Karen Hilton. The footage

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Speaker 1: shows a police cruiser following Hilton, who was riding a

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Speaker 1: mop head, and as he exits the alley and t

429
00:25:00,000 --> 00:25:02,679
Speaker 1: and into Kennedy Street in Northwest ec he's hit by

430
00:25:02,720 --> 00:25:09,119
Speaker 1: an ongoing passenger vehicle. Hilton's family blames the officers for

431
00:25:09,240 --> 00:25:13,120
Speaker 1: his death. Vehicle chases for traffic violations are not allowed

432
00:25:13,200 --> 00:25:16,679
Speaker 1: under mpd S policy. Mayor Muriel Bowser is promising a

433
00:25:16,720 --> 00:25:19,679
Speaker 1: full investigation. I can assure you that we will be

434
00:25:19,760 --> 00:25:23,720
Speaker 1: working to get the clear answers about what happened and

435
00:25:23,800 --> 00:25:28,200
Speaker 1: share that information as soon as possible. Four officers have

436
00:25:28,280 --> 00:25:31,679
Speaker 1: been placed on leave with their powers revoked pending the

437
00:25:31,720 --> 00:25:37,080
Speaker 1: outcome of the investigation. Former Liberty University president Jerry Folwell Jr.

438
00:25:37,080 --> 00:25:40,320
Speaker 1: Is suing the school for defamation and breach of contract.

439
00:25:40,680 --> 00:25:45,400
Speaker 1: Folwell claims Liberty accepted false claims against him without investigating them,

440
00:25:45,720 --> 00:25:49,720
Speaker 1: forced him to resign, then sought to quote tarnish, minimize,

441
00:25:49,720 --> 00:25:52,720
Speaker 1: and outright destroy the legacy of himself and his family.

442
00:25:53,119 --> 00:25:56,120
Speaker 1: He stepped down from leading the school back in August.

443
00:25:56,680 --> 00:26:00,280
Speaker 1: A cool spring, early fall tempts, and a hurricane in

444
00:26:00,320 --> 00:26:03,800
Speaker 1: August helped reduce the dead zone in the Chesapeake Bay.

445
00:26:04,200 --> 00:26:06,600
Speaker 1: The so called dead zone is an area where oxygen

446
00:26:06,680 --> 00:26:09,880
Speaker 1: levels are so low that aquatic life dies. In its

447
00:26:09,920 --> 00:26:13,440
Speaker 1: annual Dead Zone report, the Virginia Institute of Marine Sciences

448
00:26:13,440 --> 00:26:16,840
Speaker 1: at William and Mary found the total amount of hypoxia,

449
00:26:16,880 --> 00:26:19,000
Speaker 1: which is the formal name for a dead zone, was

450
00:26:19,240 --> 00:26:22,399
Speaker 1: estimated to be considerably lower than in the recent past,

451
00:26:22,480 --> 00:26:27,560
Speaker 1: with hypoxia both starting later and ending earlier. It's time

452
00:26:27,600 --> 00:26:30,040
Speaker 1: now for the Beltway business record. Here is Bloomberg S

453
00:26:30,040 --> 00:26:33,840
Speaker 1: Tracy Johnkie Nancy this morning brought news of the fastest

454
00:26:33,920 --> 00:26:37,360
Speaker 1: economic rebound on record, but stocks didn't really take off

455
00:26:37,440 --> 00:26:40,200
Speaker 1: until the White House and how speaker mentioned the possibility

456
00:26:40,200 --> 00:26:44,080
Speaker 1: of a stimulus package after election day. The Dow is

457
00:26:44,119 --> 00:26:46,439
Speaker 1: up a hundred thirty nine points at twenty six thousand,

458
00:26:46,600 --> 00:26:49,280
Speaker 1: six fifty nine. The NASDAC is up a hundred eighty

459
00:26:49,320 --> 00:26:53,639
Speaker 1: one points at eleven thousand six, the SMP up thirty

460
00:26:53,720 --> 00:26:57,320
Speaker 1: nine points. GDP growth top thirty three percent during the

461
00:26:57,440 --> 00:27:00,800
Speaker 1: July to September quarter, and now we're hearing from technology

462
00:27:00,800 --> 00:27:04,080
Speaker 1: giants about their performance during roughly this same period. A

463
00:27:04,240 --> 00:27:07,479
Speaker 1: July boycott of Facebook by a thousand advertisers over its

464
00:27:07,560 --> 00:27:11,000
Speaker 1: management of hate speech could not stop revenue games at

465
00:27:11,080 --> 00:27:14,879
Speaker 1: Facebook last quarter, and Apple beat Wall Street's estimates, but

466
00:27:14,920 --> 00:27:18,520
Speaker 1: its revenue from the iPhone fell on The new iPhone

467
00:27:18,560 --> 00:27:22,520
Speaker 1: twelve wasn't launched until this quarter. Some DC businesses and

468
00:27:22,600 --> 00:27:25,520
Speaker 1: building owners are boarding up store fronts in anticipation of

469
00:27:25,640 --> 00:27:29,240
Speaker 1: something happening on and after election Day. Most of the

470
00:27:29,280 --> 00:27:32,280
Speaker 1: plywood appears to be going up downtown, where some windows

471
00:27:32,280 --> 00:27:35,600
Speaker 1: were smashed during protests in June. District officials say there

472
00:27:35,600 --> 00:27:38,440
Speaker 1: have been no credible threats of election day violence. You

473
00:27:38,560 --> 00:27:40,920
Speaker 1: have the data on business from the belt Way to Baltimore.

474
00:27:40,960 --> 00:27:44,040
Speaker 1: I'm Tracy john Kie. This is Bloomberg one oh five

475
00:27:44,040 --> 00:27:47,680
Speaker 1: point seven f MHD two. Thanks Tracy. Global News twenty

476
00:27:47,680 --> 00:27:51,200
Speaker 1: four hours a day on air and on Bloomberg Quicktake,

477
00:27:51,560 --> 00:27:54,600
Speaker 1: powered by more than twenty seven journalists and analysts and

478
00:27:54,680 --> 00:27:57,000
Speaker 1: more than a hundred and twenty countries. I'm Nancy Lions.

479
00:27:57,040 --> 00:27:59,280
Speaker 1: Back to you, Kevin. Thanks. NAT's My name is Kevin

480
00:27:59,320 --> 00:28:03,000
Speaker 1: Cerilli on, the chief Washington correspondent for Bloomberg Television. And

481
00:28:03,080 --> 00:28:07,160
Speaker 1: for Bloomberg Radio. Let's head to the Sunshine State, Florida,

482
00:28:07,600 --> 00:28:11,040
Speaker 1: where former Vice President Joe Biden and President Trump held

483
00:28:11,119 --> 00:28:14,480
Speaker 1: dueling rallies today in the key battleground state. As the

484
00:28:14,480 --> 00:28:17,320
Speaker 1: clock ticks down before election day, at a drive in

485
00:28:17,840 --> 00:28:21,840
Speaker 1: rally in Broward County, fired Up, Joe Biden urged supporters

486
00:28:21,840 --> 00:28:24,480
Speaker 1: to get out the vote. Here is we're learning to

487
00:28:24,560 --> 00:28:28,320
Speaker 1: die within. Donald Trump has waived the white flag, abandoned

488
00:28:28,359 --> 00:28:32,280
Speaker 1: our families, and surrendered to the virus. But the American

489
00:28:32,280 --> 00:28:36,239
Speaker 1: people don't give up. We don't give in, and we

490
00:28:36,320 --> 00:28:41,760
Speaker 1: surely don't cower, nor will I under any circumstances. Meanwhile,

491
00:28:41,920 --> 00:28:45,080
Speaker 1: President Trump, despite the latest increase in COVID cases and

492
00:28:45,120 --> 00:28:49,040
Speaker 1: hospitalizations around the world, not just here in the United

493
00:28:49,040 --> 00:28:53,240
Speaker 1: States and Germany, France also imposing new restrictions as a

494
00:28:53,280 --> 00:28:56,200
Speaker 1: result of those cases, he says the focus should be

495
00:28:56,280 --> 00:28:59,440
Speaker 1: on reopening the economy in a way that's safe and healthy.

496
00:28:59,640 --> 00:29:02,800
Speaker 1: Here is in Tampa. We're never gonna lock down again.

497
00:29:03,120 --> 00:29:07,440
Speaker 1: We locked down, we understood the disease, and now we're

498
00:29:07,480 --> 00:29:10,560
Speaker 1: open for business. And that's what it is. And then

499
00:29:10,600 --> 00:29:13,960
Speaker 1: there's the economy. Reid pickered on the Bloomberg terminal. The

500
00:29:14,040 --> 00:29:17,680
Speaker 1: U S economy's record third quarter surge has already given

501
00:29:17,680 --> 00:29:20,160
Speaker 1: way to a more moderate pace of growth, with a

502
00:29:20,200 --> 00:29:25,120
Speaker 1: fresh jump in coronavirus infections and an extended deadlock over

503
00:29:25,240 --> 00:29:30,040
Speaker 1: further stimulus threatening to weigh on activity. Economists coming out

504
00:29:30,080 --> 00:29:34,040
Speaker 1: from the government with their g d P gross domestic product,

505
00:29:34,160 --> 00:29:37,720
Speaker 1: which jumped thirty three point one percent between July and

506
00:29:37,880 --> 00:29:42,440
Speaker 1: September thirty three point one percent. That figure largely reflected

507
00:29:42,480 --> 00:29:47,840
Speaker 1: a rebound and economic activity after widespread lockdowns earlier this year.

508
00:29:47,880 --> 00:29:50,560
Speaker 1: Speaker of the House Nancy Pelosi, speaking earlier today to

509
00:29:50,600 --> 00:29:54,720
Speaker 1: my colleague David Weston, said that that GDP growth means

510
00:29:55,080 --> 00:29:57,600
Speaker 1: there should be more stimulus. Here she is and it

511
00:29:57,720 --> 00:30:00,479
Speaker 1: is proof that we need to stimulus even more so. Uh.

512
00:30:00,560 --> 00:30:03,200
Speaker 1: The reason we had a good a better second quarter

513
00:30:03,280 --> 00:30:08,240
Speaker 1: than uh was a better third quarter is because what

514
00:30:08,360 --> 00:30:12,000
Speaker 1: we did in the Cares Act and the following the

515
00:30:12,040 --> 00:30:16,480
Speaker 1: subsequent legislation for p P P that put money into

516
00:30:16,520 --> 00:30:20,880
Speaker 1: the economy. Now people are coming. UH. That's going to

517
00:30:21,000 --> 00:30:24,800
Speaker 1: wear off and we need another infusion. She sent a

518
00:30:24,840 --> 00:30:28,520
Speaker 1: letter to Treasury Secretary Stephen Venusian UH today who and

519
00:30:28,560 --> 00:30:32,080
Speaker 1: he responded and said, quit playing hardball and paraphrasing both sides,

520
00:30:32,080 --> 00:30:34,760
Speaker 1: still dug in, Still no signs of a deal. Adam

521
00:30:34,760 --> 00:30:38,920
Speaker 1: Goodman's with me, republican media strategist, columnist and partner Ballard

522
00:30:38,960 --> 00:30:42,120
Speaker 1: Partners in Washington, d C. But he's very familiar with

523
00:30:42,160 --> 00:30:45,760
Speaker 1: Florida and Adam Hodge, senior vice president at Aerial Investments.

524
00:30:45,760 --> 00:30:49,720
Speaker 1: Previously he was with the Treasury Department in the Obama administration.

525
00:30:49,760 --> 00:30:52,880
Speaker 1: All Right, the two Adams, Adam Goodman, I'll start with you.

526
00:30:52,880 --> 00:30:55,520
Speaker 1: You know, it's that's the lay of the lamb. As

527
00:30:55,520 --> 00:31:01,600
Speaker 1: the economy rebounds, but COVID escalates. The economy's rebounding, COVID's

528
00:31:01,920 --> 00:31:05,320
Speaker 1: seemingly hitting another peak. And here we are, just five

529
00:31:05,360 --> 00:31:08,960
Speaker 1: days away out of Goodman. Just when you think we've

530
00:31:09,000 --> 00:31:11,920
Speaker 1: had more than enough to consume to figure out how

531
00:31:11,920 --> 00:31:15,840
Speaker 1: this is going to go, we get even more. Me Obviously,

532
00:31:15,960 --> 00:31:19,440
Speaker 1: I think my other, my other friend Adam would agree that,

533
00:31:19,520 --> 00:31:21,680
Speaker 1: you know, to see a thirty or three percent rise

534
00:31:21,720 --> 00:31:24,520
Speaker 1: in g d P, yes, it comes off a very

535
00:31:24,600 --> 00:31:29,440
Speaker 1: very tough second quarter is encouraging. What is an encouraging, frankly,

536
00:31:29,600 --> 00:31:32,720
Speaker 1: is Washington still can't get its act together to come

537
00:31:32,720 --> 00:31:37,200
Speaker 1: together for a stimulus deal that every economist says, everyone says,

538
00:31:37,280 --> 00:31:40,240
Speaker 1: we need to keep moving forward. But in terms of

539
00:31:40,280 --> 00:31:43,680
Speaker 1: how this impacts, what is about that that happened? Uh?

540
00:31:43,800 --> 00:31:47,160
Speaker 1: You heard in the clip leading into the segment uh

541
00:31:47,360 --> 00:31:51,560
Speaker 1: coming that the President's down in Tampa Bay talking about

542
00:31:51,560 --> 00:31:54,760
Speaker 1: he will not close down the economy. I think that

543
00:31:54,960 --> 00:31:59,560
Speaker 1: is underneath all this. That's a very powerful signal. Even

544
00:31:59,600 --> 00:32:02,800
Speaker 1: with of cases that might be getting the second spike,

545
00:32:03,240 --> 00:32:06,000
Speaker 1: we don't want to go back to a complete lockdown.

546
00:32:06,360 --> 00:32:08,320
Speaker 1: That may have a lot to do with some of

547
00:32:08,320 --> 00:32:11,160
Speaker 1: the swing boats here in the last five days. Do

548
00:32:11,200 --> 00:32:14,760
Speaker 1: you agree with that, Adam Hodge? I think that this

549
00:32:14,840 --> 00:32:18,560
Speaker 1: is clear that that as long as UH Trump as president,

550
00:32:18,560 --> 00:32:21,520
Speaker 1: he's going to do whatever he can to stop the lockdown.

551
00:32:21,520 --> 00:32:23,520
Speaker 1: I think that the problem and the disconnect with the

552
00:32:23,560 --> 00:32:26,600
Speaker 1: actual economy and getting the virus under control, because that

553
00:32:26,800 --> 00:32:29,320
Speaker 1: is not married with a push to get people to

554
00:32:29,360 --> 00:32:32,240
Speaker 1: wear masks and socially distance and and do those things

555
00:32:32,280 --> 00:32:35,880
Speaker 1: that would help bring the cases under control. I think

556
00:32:35,920 --> 00:32:39,280
Speaker 1: that the number today certainly, Uh. You know that definitely

557
00:32:39,280 --> 00:32:42,200
Speaker 1: gets you to open your eyes. But I can't help

558
00:32:42,200 --> 00:32:44,400
Speaker 1: but remember that, you know, we've had thirty two weeks

559
00:32:44,400 --> 00:32:48,120
Speaker 1: of record high undeployment, and I think the last couple

560
00:32:48,160 --> 00:32:51,480
Speaker 1: of weeks you've seen the job of claims continue to increase,

561
00:32:52,120 --> 00:32:54,640
Speaker 1: and so it's a bit of a disconnect from where

562
00:32:54,640 --> 00:32:57,880
Speaker 1: we are today. And I agree that there's no clear

563
00:32:58,600 --> 00:33:01,800
Speaker 1: um past stimulus between now an election day, but it

564
00:33:01,840 --> 00:33:04,840
Speaker 1: needs to happen. It should have happened three months ago. Um,

565
00:33:04,920 --> 00:33:08,640
Speaker 1: and people are are you know, putting um. They've kind

566
00:33:08,640 --> 00:33:11,520
Speaker 1: of spent every last diamond and bank account and they're

567
00:33:11,520 --> 00:33:15,600
Speaker 1: wondering where they're going to go next with jobs continuing

568
00:33:15,640 --> 00:33:18,400
Speaker 1: to to suffer. So we got a long road to home,

569
00:33:18,400 --> 00:33:20,600
Speaker 1: and I think biden Is has a strong argument to

570
00:33:20,640 --> 00:33:23,400
Speaker 1: make that all of this could have been dealt with

571
00:33:23,480 --> 00:33:25,640
Speaker 1: in a much better fashion with much less damage to

572
00:33:25,640 --> 00:33:27,760
Speaker 1: the economy. You know. But one of the things, Adam

573
00:33:28,000 --> 00:33:31,160
Speaker 1: uh good Man, we got like swonds left for for

574
00:33:31,200 --> 00:33:34,040
Speaker 1: this answer that Republicans have struggled with. I mean, whether

575
00:33:34,080 --> 00:33:39,120
Speaker 1: it's Germany a progressive country, um, France a progressive country,

576
00:33:39,480 --> 00:33:41,840
Speaker 1: they're having to have new restrictions. I mean, this is

577
00:33:41,840 --> 00:33:44,680
Speaker 1: not this uptick is not unique to the United States.

578
00:33:44,720 --> 00:33:47,560
Speaker 1: You've got Canada up north, they're having to grapple with

579
00:33:47,600 --> 00:33:50,040
Speaker 1: more another round of stimulus. I mean, these fights in

580
00:33:50,080 --> 00:33:54,440
Speaker 1: the Western hemisphere are are very similar fights, uh that

581
00:33:54,560 --> 00:33:57,200
Speaker 1: everyone's having, But on the campaign trail it feels like

582
00:33:57,200 --> 00:34:02,320
Speaker 1: a uniquely American problem here at good. Then the problem

583
00:34:02,360 --> 00:34:05,600
Speaker 1: with all this is you have the democratic argument that

584
00:34:05,640 --> 00:34:08,880
Speaker 1: if I can distill it is blame this president and

585
00:34:09,000 --> 00:34:13,000
Speaker 1: is in competence for two thousand American desks and all

586
00:34:13,040 --> 00:34:16,200
Speaker 1: the damage COVID's done. And yet we see examples all

587
00:34:16,200 --> 00:34:18,759
Speaker 1: over the world of the damage it's done all over

588
00:34:18,800 --> 00:34:21,480
Speaker 1: the world, and and there's really very few places on

589
00:34:21,600 --> 00:34:24,840
Speaker 1: Earth that is in control of this, so that doesn't

590
00:34:24,840 --> 00:34:27,879
Speaker 1: really watch. What really we really have to focus on

591
00:34:28,000 --> 00:34:32,279
Speaker 1: is which one, Joe Biden or President Trump has a

592
00:34:32,320 --> 00:34:36,400
Speaker 1: better plan and better, more credible idea of moving forward.

593
00:34:36,800 --> 00:34:40,000
Speaker 1: This election right now is a referendum on that, and

594
00:34:40,040 --> 00:34:44,000
Speaker 1: in the election beyond that, Kevin is a referendum on

595
00:34:44,040 --> 00:34:46,120
Speaker 1: the president of the United States. Joe might as well

596
00:34:46,239 --> 00:34:48,960
Speaker 1: does go back to Delaware. This is all about whether

597
00:34:49,000 --> 00:34:51,200
Speaker 1: you like or don't like the president and what he's

598
00:34:51,239 --> 00:34:53,640
Speaker 1: done and where he wants to go. Joe can go

599
00:34:53,719 --> 00:34:55,919
Speaker 1: down to Brower County all he wants. It isn't gonna

600
00:34:55,960 --> 00:34:57,840
Speaker 1: make any difference, well, you know, and and coming up,

601
00:34:57,840 --> 00:35:00,000
Speaker 1: we're gonna dign much more into this. But I think

602
00:35:00,120 --> 00:35:02,640
Speaker 1: in terms of fumbled messaging, I mean, I was reading

603
00:35:02,640 --> 00:35:04,520
Speaker 1: in the Wall Street Journal today. Rule is set for

604
00:35:04,600 --> 00:35:07,240
Speaker 1: free vaccines. Here it is seniors and people in private

605
00:35:07,280 --> 00:35:10,640
Speaker 1: health insurance plans are among those who won't be charged

606
00:35:10,680 --> 00:35:14,319
Speaker 1: for getting a coronavirus vaccine under a Trump administration rule

607
00:35:14,840 --> 00:35:17,719
Speaker 1: designed to ensure that as many people as possible get

608
00:35:17,760 --> 00:35:21,080
Speaker 1: vaccinated once a shot becomes available. I don't hear that.

609
00:35:21,200 --> 00:35:23,200
Speaker 1: I don't hear that from their surrogates. I don't hear

610
00:35:23,239 --> 00:35:25,960
Speaker 1: that from their messaging. And it's if they bury, they

611
00:35:25,960 --> 00:35:29,359
Speaker 1: bury their own, their own, their own success. I got

612
00:35:29,360 --> 00:35:32,400
Speaker 1: the two atoms with me, the the the Atoms sound

613
00:35:32,480 --> 00:35:35,640
Speaker 1: on Family. You know it's Halloween. I'm trying to to

614
00:35:35,760 --> 00:35:38,200
Speaker 1: work that in. Adam Hodges gonna say, Adam Goodman's gonna

615
00:35:38,200 --> 00:35:41,360
Speaker 1: stay coming up next, Uh, we talk more politics and

616
00:35:41,400 --> 00:35:43,840
Speaker 1: policy five four days out, four days and some hours,

617
00:35:43,880 --> 00:35:47,879
Speaker 1: five days. This is it. Buckle up, keep your eye

618
00:35:47,920 --> 00:35:51,480
Speaker 1: on the road. I'm Kevin CURRELLI you're listening to Bloomberg

619
00:35:51,600 --> 00:36:22,000
Speaker 1: Night and I want Yeah, it's the Adams sounds on Family.

620
00:36:22,320 --> 00:36:26,560
Speaker 1: I'm Kevin Curreli, chief Washington correspondent for Bloomberg Television and

621
00:36:26,760 --> 00:36:31,720
Speaker 1: for Bloomberg Radio. We got the Adams on the Adams

622
00:36:31,880 --> 00:36:35,320
Speaker 1: Adam Goodman with Republican media strategist, columnists and partner of

623
00:36:35,400 --> 00:36:38,760
Speaker 1: Ballard Partners in Washington, and Adam Hodge, senior vice president

624
00:36:38,760 --> 00:36:44,800
Speaker 1: at Aerial Investments, former Obama Treasury per probably person person,

625
00:36:45,200 --> 00:36:48,400
Speaker 1: former Obama Treasury official. I don't even know Adam. I

626
00:36:48,440 --> 00:36:50,360
Speaker 1: was still I was I was thinking of how I

627
00:36:50,400 --> 00:36:52,520
Speaker 1: was going to ask the Adams if they ever were

628
00:36:52,840 --> 00:36:58,440
Speaker 1: for Halloween Adams family person, person character? What is with

629
00:36:58,480 --> 00:37:02,479
Speaker 1: my words today? Adam Hodge? And it's where it's worth.

630
00:37:02,520 --> 00:37:04,520
Speaker 1: Four days off in the election in the world. Are

631
00:37:04,600 --> 00:37:08,840
Speaker 1: all card you know, we're all having some models the days. Um.

632
00:37:08,920 --> 00:37:13,480
Speaker 1: You know. I think Adam's family in college once once

633
00:37:14,760 --> 00:37:17,960
Speaker 1: what was This is what I'm asking everybody all, what

634
00:37:18,000 --> 00:37:25,319
Speaker 1: was your best Halloween costume ever in your whole life?

635
00:37:26,840 --> 00:37:30,960
Speaker 1: It was so dramatic, like a dramatic pause in college

636
00:37:31,000 --> 00:37:33,319
Speaker 1: that that when you went to college in in in

637
00:37:33,400 --> 00:37:36,080
Speaker 1: the early two thousands, uh, you probably couldn't good to

638
00:37:36,080 --> 00:37:38,880
Speaker 1: get away with that. And thankfully there were an iPhones

639
00:37:38,960 --> 00:37:42,560
Speaker 1: back in the in those days. Out of Hodge, out

640
00:37:42,560 --> 00:37:45,640
Speaker 1: of Goodman. Let's change the subject, out of Goodman. Uh,

641
00:37:45,880 --> 00:37:49,600
Speaker 1: let's we'll talk Halloween later. Um, what was I gonna say? Okay,

642
00:37:49,640 --> 00:37:52,800
Speaker 1: battleground states, Let's focus back on that mail in ballots

643
00:37:52,800 --> 00:37:55,840
Speaker 1: and increase and mail in ballots. I mean this is

644
00:37:56,120 --> 00:37:57,520
Speaker 1: we were talking to the break with our with our

645
00:37:57,520 --> 00:38:01,080
Speaker 1: producers Matt Shirley and and Christine Barrada out how there's

646
00:38:01,120 --> 00:38:05,800
Speaker 1: so many big variables in this in this election mail

647
00:38:05,840 --> 00:38:10,320
Speaker 1: in ballots. You've got Hurricane Zeta, you got hurricane you

648
00:38:10,400 --> 00:38:13,520
Speaker 1: got so that's a hurricane. You've got COVID nineteen violence,

649
00:38:13,800 --> 00:38:18,160
Speaker 1: potentially so much. Adam Goodman, what's your biggest unknown variable

650
00:38:18,200 --> 00:38:22,640
Speaker 1: heading into Tuesday, whether or not we're gonna know on

651
00:38:22,680 --> 00:38:29,640
Speaker 1: Tuesday the third or January third? I think there are

652
00:38:29,640 --> 00:38:31,680
Speaker 1: you talked about? The imponderable is the one thing we

653
00:38:31,760 --> 00:38:34,560
Speaker 1: know is there's a heck of a lot of vote

654
00:38:34,640 --> 00:38:38,600
Speaker 1: coming at uh. Supervisors of elections all over the country,

655
00:38:38,680 --> 00:38:42,239
Speaker 1: and many of them don't have frankly, all the machinery

656
00:38:42,320 --> 00:38:47,280
Speaker 1: and technology they need to do this counting seamlessly, which

657
00:38:47,320 --> 00:38:49,840
Speaker 1: means with all this vote coming out, I mean, of

658
00:38:49,840 --> 00:38:52,239
Speaker 1: course you see that the Supreme Court decisions that are

659
00:38:52,239 --> 00:38:55,040
Speaker 1: starting to come out varying on whether or not certain

660
00:38:55,080 --> 00:38:57,759
Speaker 1: states can count. You know, a couple of days or

661
00:38:57,880 --> 00:39:01,320
Speaker 1: longer past election day. What you're looking at is not

662
00:39:01,400 --> 00:39:05,080
Speaker 1: an election night, probably not an election week. You're probably

663
00:39:05,080 --> 00:39:07,360
Speaker 1: looking at a couple of weeks. If it's a close election,

664
00:39:07,480 --> 00:39:10,600
Speaker 1: definitely a couple of weeks. And then you get the

665
00:39:10,719 --> 00:39:14,319
Speaker 1: thing we don't really want to even confront, which is

666
00:39:14,480 --> 00:39:16,640
Speaker 1: if there are election challenges and a number of key

667
00:39:16,719 --> 00:39:19,279
Speaker 1: states that may hold the balance and may determine the

668
00:39:19,320 --> 00:39:22,480
Speaker 1: next president United States. And I came out of two

669
00:39:22,480 --> 00:39:24,920
Speaker 1: thousand three kind of flard. I'm telling you, I still

670
00:39:25,320 --> 00:39:27,920
Speaker 1: have nightmares waking up at night thinking that's still they're

671
00:39:27,920 --> 00:39:31,839
Speaker 1: still counting. Um. If that happens, and you have state

672
00:39:31,920 --> 00:39:35,440
Speaker 1: supreme courts that are weighing in in various swing states,

673
00:39:35,880 --> 00:39:39,239
Speaker 1: then funneled ultimately to the U. S. Supreme Court, we're

674
00:39:39,320 --> 00:39:43,080
Speaker 1: in for a story bigger than the story of election night.

675
00:39:44,000 --> 00:39:46,480
Speaker 1: You know, it's it's really remarkable. And and you just

676
00:39:46,520 --> 00:39:49,960
Speaker 1: alluded to the Supreme Court case or lack thereof, rather yesterday,

677
00:39:50,600 --> 00:39:53,759
Speaker 1: in which Judge Amy Coney Barrett did not participate in

678
00:39:54,360 --> 00:39:57,120
Speaker 1: a spokesman for a c B. As she's as she's

679
00:39:57,239 --> 00:39:59,560
Speaker 1: known as here in the Beltway. I said that because

680
00:39:59,640 --> 00:40:01,320
Speaker 1: her for staying on the job was at the beginning

681
00:40:01,360 --> 00:40:04,440
Speaker 1: of the week, she didn't have enough time to prepare

682
00:40:04,520 --> 00:40:07,440
Speaker 1: or participate in. But they left the door open for

683
00:40:07,600 --> 00:40:12,600
Speaker 1: additional cases. And so to Adam Goodman's point right there,

684
00:40:12,680 --> 00:40:16,439
Speaker 1: just because they didn't have a ruling yesterday on North

685
00:40:16,480 --> 00:40:20,560
Speaker 1: Carolina and Pennsylvania or taken up, they still left wiggle

686
00:40:20,719 --> 00:40:25,560
Speaker 1: room for there to be additional cases. You mentioned North Carolina.

687
00:40:25,640 --> 00:40:30,920
Speaker 1: Hawk the tar Heel state of North Carolina. Uh, just

688
00:40:31,360 --> 00:40:34,840
Speaker 1: a key, key, key battleground state. You know. When President

689
00:40:34,880 --> 00:40:39,279
Speaker 1: Trump at his campaign officials just last month outlined their

690
00:40:39,320 --> 00:40:42,840
Speaker 1: paths to the White House, they offered seven different paths

691
00:40:42,840 --> 00:40:45,840
Speaker 1: to the White House. Five of the seven included winning

692
00:40:46,120 --> 00:40:49,840
Speaker 1: North Carolina. So the what happened yesterday with the Supreme

693
00:40:49,880 --> 00:40:53,840
Speaker 1: Court was that if you have a ballot postmark in

694
00:40:53,880 --> 00:40:56,680
Speaker 1: the in the tar Heel State on November three, election

695
00:40:56,760 --> 00:41:00,600
Speaker 1: day and it gets it can be counted to November

696
00:41:00,640 --> 00:41:03,799
Speaker 1: twelve at five pm Eastern. So what does that mean.

697
00:41:04,600 --> 00:41:09,440
Speaker 1: It means we might not know who won North Carolina

698
00:41:09,640 --> 00:41:17,000
Speaker 1: until days days after UM Adam Hodge in terms of

699
00:41:17,040 --> 00:41:20,799
Speaker 1: the dynamics of our viral media cycle, not even a

700
00:41:20,840 --> 00:41:25,280
Speaker 1: twenty four hour cycle, a Twitter cycle, just the national discourse.

701
00:41:25,320 --> 00:41:28,279
Speaker 1: And I don't want to get too hypothetical here, but

702
00:41:28,400 --> 00:41:30,400
Speaker 1: we really should be preparing for not having a result

703
00:41:30,440 --> 00:41:34,280
Speaker 1: on November three. That's right, And Kevin, I think that's

704
00:41:34,280 --> 00:41:38,600
Speaker 1: part of the reasons, UH that you've seen the Biden

705
00:41:38,640 --> 00:41:42,120
Speaker 1: campaign and allies and the UH in the Democratic Party

706
00:41:42,760 --> 00:41:45,319
Speaker 1: encouraging people to take their ballots and either drop them

707
00:41:45,360 --> 00:41:48,160
Speaker 1: off at a polling place or in a ballot drop

708
00:41:48,160 --> 00:41:50,600
Speaker 1: box instead of putting them in the mail. Now you

709
00:41:50,640 --> 00:41:54,200
Speaker 1: know it is encouraging that. Um, if you postmark your

710
00:41:54,200 --> 00:41:56,719
Speaker 1: ballot by them by election day, it should count. That

711
00:41:56,840 --> 00:41:59,279
Speaker 1: seems like a pretty intuitive as you can walk into

712
00:41:59,280 --> 00:42:02,760
Speaker 1: a polling place and cash your vote on election day,

713
00:42:02,800 --> 00:42:06,520
Speaker 1: mailing it by election they shouldn't be an issue. Um,

714
00:42:06,560 --> 00:42:08,560
Speaker 1: But I think I have an abundance of caution, and

715
00:42:08,680 --> 00:42:10,680
Speaker 1: given the delays that we've seen in the post office,

716
00:42:11,200 --> 00:42:14,560
Speaker 1: everyone should if everything considering about filling out an abstute

717
00:42:14,560 --> 00:42:16,680
Speaker 1: about just drop it off, take it or take it

718
00:42:16,719 --> 00:42:22,359
Speaker 1: to a polling place. And why why risking Go ahead? Good? Now,

719
00:42:22,400 --> 00:42:24,280
Speaker 1: I was gonna say. I was gonna say, Adam Gidman,

720
00:42:24,320 --> 00:42:26,600
Speaker 1: you're gonna be with me for the rest of the hour.

721
00:42:26,640 --> 00:42:28,480
Speaker 1: And I know, Adam Hodge, you've got to run, So

722
00:42:28,480 --> 00:42:29,799
Speaker 1: I wanted to make sure I was able to ask

723
00:42:29,840 --> 00:42:33,680
Speaker 1: you this. You served in the Treasury Department for UH,

724
00:42:33,840 --> 00:42:36,239
Speaker 1: for the Obama White House, and and there is a

725
00:42:36,280 --> 00:42:39,560
Speaker 1: lot of questions. Some of them, I think they're they're justified.

726
00:42:39,960 --> 00:42:42,160
Speaker 1: How do you, based upon the conversations that you have

727
00:42:42,160 --> 00:42:47,280
Speaker 1: a democratic officials, how do you foresee abiden administration governing

728
00:42:47,360 --> 00:42:51,440
Speaker 1: if he wins, will he pick maybe not Senator Elizabeth

729
00:42:51,440 --> 00:42:54,600
Speaker 1: Warren for the Treasury Department, but someone from her ideology

730
00:42:54,640 --> 00:42:56,719
Speaker 1: to lead some of these agencies. Because a lot of

731
00:42:56,840 --> 00:42:59,759
Speaker 1: a lot of Centrists, you know, are worried about that,

732
00:42:59,840 --> 00:43:02,239
Speaker 1: and a lot of Republicans who are turned off by

733
00:43:02,239 --> 00:43:05,600
Speaker 1: Trump's rhetoric and considering voting for Joe Biden. Maybe they

734
00:43:05,800 --> 00:43:07,800
Speaker 1: that's a big question for them. We're gonna talk energy

735
00:43:07,800 --> 00:43:09,640
Speaker 1: policy in a minute, but let's let's stick with treasury

736
00:43:09,719 --> 00:43:12,160
Speaker 1: right here, Adam Hodge in a minute. Yeah, I think

737
00:43:12,160 --> 00:43:17,160
Speaker 1: that that one of the we're all crossing our fingers

738
00:43:17,160 --> 00:43:19,839
Speaker 1: and toes and whatever, and knocking on as much as

739
00:43:19,880 --> 00:43:22,160
Speaker 1: became that that Biden gets to make that that choice.

740
00:43:22,640 --> 00:43:25,720
Speaker 1: I think he's someone who saw the importance of having

741
00:43:25,719 --> 00:43:30,280
Speaker 1: a functioning government, having competent leaders in important cabinet positions

742
00:43:30,280 --> 00:43:34,399
Speaker 1: who can um get things done and not get held

743
00:43:34,520 --> 00:43:37,440
Speaker 1: up on some of the um sort of more nuanced

744
00:43:37,440 --> 00:43:39,520
Speaker 1: pieces of running an agency. And so I think you

745
00:43:39,520 --> 00:43:42,840
Speaker 1: may see him turn to someone with experience and market

746
00:43:42,880 --> 00:43:47,120
Speaker 1: experience to Adam, have fun with the family this Halloween,

747
00:43:47,160 --> 00:43:49,840
Speaker 1: all right, and I kind of curious for what you

748
00:43:49,920 --> 00:43:53,240
Speaker 1: want for Halloween. And uh, let me know off the record,

749
00:43:53,440 --> 00:44:10,080
Speaker 1: I'm Kevin Sirelli more Nex. You're listening to Bloomberg. You're

750
00:44:10,120 --> 00:44:13,960
Speaker 1: listening to Bloomberg. Sound On with Kevin Curreley on Bloomberg

751
00:44:15,080 --> 00:44:18,120
Speaker 1: and one Old five point seven h D two. I'm

752
00:44:18,200 --> 00:44:21,480
Speaker 1: Kevin Cereli, Chief Washington correspondent for Bloomberg Television and for

753
00:44:21,520 --> 00:44:25,080
Speaker 1: Bloomberg Radio. US stocks bounced back a day after their

754
00:44:25,120 --> 00:44:28,600
Speaker 1: biggest route in four months, with investors encouraged by better

755
00:44:28,640 --> 00:44:31,880
Speaker 1: than forecast economic data even as they kept a wary

756
00:44:31,920 --> 00:44:36,400
Speaker 1: eye on growing coronavirus infections. The SMP five necks increase

757
00:44:36,480 --> 00:44:40,239
Speaker 1: one point to percent, the most since October twelve, after

758
00:44:40,280 --> 00:44:42,560
Speaker 1: President Trump said he plants a very big package. We

759
00:44:42,640 --> 00:44:47,399
Speaker 1: already played what Speaker Pelosis. Speaker Pelosi had to say

760
00:44:47,440 --> 00:44:52,200
Speaker 1: to David Weston, she also wants some type of deal um.

761
00:44:52,200 --> 00:44:55,200
Speaker 1: But the dollar and treasury yields rose after reports showed

762
00:44:55,239 --> 00:44:58,840
Speaker 1: a decline in weekly jobless claims and a surge in

763
00:44:59,040 --> 00:45:01,400
Speaker 1: third quarter echo, a nomic growth that reversed much of

764
00:45:01,440 --> 00:45:04,160
Speaker 1: the pandemic collapse. It's really fascinating, folks. When you look

765
00:45:04,200 --> 00:45:07,640
Speaker 1: at the economic data, there's some confusion in terms of

766
00:45:07,920 --> 00:45:10,320
Speaker 1: trying to decipher what it means. A lot of Americans

767
00:45:10,320 --> 00:45:13,640
Speaker 1: are spending money on home improvement projects, but then they're

768
00:45:13,640 --> 00:45:16,799
Speaker 1: not spending money in other areas, so they're doing more savings.

769
00:45:17,400 --> 00:45:20,880
Speaker 1: So the pandemic consumer, I don't think the markets a

770
00:45:21,239 --> 00:45:22,880
Speaker 1: long way of saying, I'm not sure the markets have

771
00:45:23,000 --> 00:45:27,719
Speaker 1: figured out the psychology of the American consumer. And with that,

772
00:45:28,120 --> 00:45:31,400
Speaker 1: let's pivot back to politics. H Adam Goodman still with me,

773
00:45:31,440 --> 00:45:35,400
Speaker 1: Republican media strategist, columnist and partner at Ballard Partners in Washington,

774
00:45:35,480 --> 00:45:38,520
Speaker 1: d C. And Adam Hodge, s VP at Aerial Investments,

775
00:45:38,560 --> 00:45:41,799
Speaker 1: previously worked in the Obama Treasury Hodge, I almost let

776
00:45:41,840 --> 00:45:44,160
Speaker 1: you go by accident, and I apologize. I had to

777
00:45:44,160 --> 00:45:45,880
Speaker 1: text him in the break. I said, come back, I

778
00:45:46,000 --> 00:45:48,839
Speaker 1: messed up. And then I said, PS, can you tell

779
00:45:48,880 --> 00:45:50,960
Speaker 1: me what you were for Halloween that you didn't want

780
00:45:50,960 --> 00:45:52,960
Speaker 1: to say on air? And then you told me, and

781
00:45:53,000 --> 00:45:54,439
Speaker 1: now I'm going to try to get you to say

782
00:45:54,440 --> 00:45:57,880
Speaker 1: it on air. What were you for Halloween? It was

783
00:45:57,880 --> 00:46:03,000
Speaker 1: a golf pro but the shorts worth of questionable. Let

784
00:46:04,000 --> 00:46:06,880
Speaker 1: you know, it's fun. What was your best Halloween costume?

785
00:46:06,920 --> 00:46:12,279
Speaker 1: Adam Gibbon I I my shudder to say this. I

786
00:46:12,320 --> 00:46:15,640
Speaker 1: think I dressed up once during his presidency as Bill

787
00:46:15,680 --> 00:46:21,080
Speaker 1: Clinton and went to our Republican party. That's how much

788
00:46:21,160 --> 00:46:24,040
Speaker 1: great I was getting from my own friends without knowing,

789
00:46:24,360 --> 00:46:26,839
Speaker 1: you know, them knowing who was behind the mask. Yeah,

790
00:46:26,840 --> 00:46:29,360
Speaker 1: that was that was fun. Well, yesterday I told everybody

791
00:46:29,360 --> 00:46:31,680
Speaker 1: that I was French Fries one year, pizza, one year

792
00:46:31,719 --> 00:46:34,000
Speaker 1: on a pack of Lifesavers another year. I went through

793
00:46:34,040 --> 00:46:35,759
Speaker 1: like all of my favorite I went through a food

794
00:46:35,800 --> 00:46:38,319
Speaker 1: phase when I was a kid. And then what I

795
00:46:38,360 --> 00:46:41,600
Speaker 1: didn't tell people is that also one year I was

796
00:46:41,680 --> 00:46:44,959
Speaker 1: Humpty Dumpty. I was Humpty Dumpty and I didn't fall

797
00:46:45,000 --> 00:46:49,120
Speaker 1: off the wall, and I'm not even kidding politically minded

798
00:46:49,200 --> 00:46:52,080
Speaker 1: even as a child. Okay, let's pay it back to politics.

799
00:46:52,560 --> 00:46:55,640
Speaker 1: I want to stick with this issue of um A

800
00:46:55,640 --> 00:46:59,000
Speaker 1: battleground states, right because coming up we're gonna talk about Pennsylvania.

801
00:46:59,440 --> 00:47:01,600
Speaker 1: I want to stick with a state that I think

802
00:47:01,640 --> 00:47:04,080
Speaker 1: is going to be so incredibly important, and that's Wisconsin

803
00:47:04,400 --> 00:47:07,399
Speaker 1: and headline crossing the Bloomberg terminal just within the last

804
00:47:07,400 --> 00:47:09,799
Speaker 1: couple of minutes that Joe Biden is going to be

805
00:47:09,840 --> 00:47:14,239
Speaker 1: traveling to Wisconsin on October. Course President Trump has been

806
00:47:14,280 --> 00:47:19,000
Speaker 1: there as well. How incredibly important is the state of Wisconsin,

807
00:47:19,080 --> 00:47:23,880
Speaker 1: Adam Goodman. It has been very important in the last

808
00:47:23,920 --> 00:47:28,279
Speaker 1: couple of presidential elections, and obviously both parties still have

809
00:47:28,400 --> 00:47:32,239
Speaker 1: aspirations for carrying it. But there is a new electoral

810
00:47:32,360 --> 00:47:37,080
Speaker 1: math that's in play here that maybe mitigates whatever happens

811
00:47:37,080 --> 00:47:40,680
Speaker 1: in Wisconsin as people are starting to cass and eye

812
00:47:41,080 --> 00:47:44,759
Speaker 1: to other states, in particular the state of Arizona. So

813
00:47:45,440 --> 00:47:49,080
Speaker 1: not to to say what's gonna happen or predict what's

814
00:47:49,120 --> 00:47:51,440
Speaker 1: going to happen in Wisconsin, which is which is one

815
00:47:51,480 --> 00:47:54,680
Speaker 1: of this ultimate swing states, Joe Biden has had to

816
00:47:54,800 --> 00:47:57,719
Speaker 1: lead there varying from a couple of points to more

817
00:47:58,200 --> 00:48:00,759
Speaker 1: in the last a week or two. It should be

818
00:48:00,800 --> 00:48:05,040
Speaker 1: a good place for the President United States. So frankly, UM,

819
00:48:05,080 --> 00:48:08,239
Speaker 1: I can tell you insiders in the our side of

820
00:48:08,280 --> 00:48:13,239
Speaker 1: defense are looking more, um, kind of longingly at the

821
00:48:13,280 --> 00:48:17,120
Speaker 1: state of Minnesota. You're talking about a swing state and

822
00:48:17,280 --> 00:48:20,840
Speaker 1: a shocker. We're looking more maybe in Minnesota, perhaps in

823
00:48:20,920 --> 00:48:23,240
Speaker 1: the state of Wisconsin. Alright, time now for my favorite

824
00:48:23,239 --> 00:48:25,160
Speaker 1: part of the program, which is what is on the

825
00:48:25,200 --> 00:48:28,160
Speaker 1: panel's radar. We're gonna do it a little bit differently

826
00:48:28,200 --> 00:48:29,799
Speaker 1: today because we got a segment on p A coming

827
00:48:29,880 --> 00:48:33,360
Speaker 1: up next. But Adam Hodge, what's on your radar? What

828
00:48:33,560 --> 00:48:36,360
Speaker 1: the final early book number is in North Carolina? I

829
00:48:36,400 --> 00:48:39,520
Speaker 1: think they they. I think that has been a state

830
00:48:39,560 --> 00:48:42,239
Speaker 1: that to your point earlier about on on the fence,

831
00:48:42,280 --> 00:48:44,600
Speaker 1: and it will tell a lot of doing. Democrats have

832
00:48:44,680 --> 00:48:47,920
Speaker 1: been really enthusia like getting that state back in our

833
00:48:47,920 --> 00:48:52,560
Speaker 1: our column and especially could have Um also because of

834
00:48:52,560 --> 00:48:55,560
Speaker 1: what it means for the U. S. Senate. Um, it's

835
00:48:55,600 --> 00:48:59,040
Speaker 1: just a key, key race that I think I'm obsessed

836
00:48:59,040 --> 00:49:01,480
Speaker 1: with because I'm obsessed with that ray. So the top

837
00:49:01,520 --> 00:49:04,120
Speaker 1: of the ticket, obviously you've got Trump Biden duking it

838
00:49:04,160 --> 00:49:07,960
Speaker 1: out for for North Carolina, the Tar Hills state, You've

839
00:49:08,000 --> 00:49:12,400
Speaker 1: got so many different dynamics in just that sense, Uh,

840
00:49:12,560 --> 00:49:16,239
Speaker 1: where Nash County is so incredibly important. In Nash County

841
00:49:16,600 --> 00:49:20,799
Speaker 1: razor razor thin margin that Trump carried it by Obama

842
00:49:20,840 --> 00:49:24,279
Speaker 1: actually was really the only Democrat in decades to be

843
00:49:24,360 --> 00:49:27,600
Speaker 1: able to win this purple state back in two thousand

844
00:49:27,600 --> 00:49:30,879
Speaker 1: and eight. Butt Romney won it back uh in two

845
00:49:30,920 --> 00:49:33,800
Speaker 1: thousand and twelve, but obviously went on to lose the election.

846
00:49:34,120 --> 00:49:37,960
Speaker 1: Why is Nash Council quick QUI quick point on what

847
00:49:38,080 --> 00:49:41,319
Speaker 1: different this time to time time? I think having a

848
00:49:41,320 --> 00:49:44,120
Speaker 1: Democratic governor in the state. Is it just a huge

849
00:49:44,160 --> 00:49:47,640
Speaker 1: difference from certainly from four years ago. UM, And so

850
00:49:47,760 --> 00:49:49,799
Speaker 1: I think that that could be one of the things

851
00:49:49,840 --> 00:49:53,960
Speaker 1: that tips the balance in Democrats favor UM and certainly

852
00:49:54,480 --> 00:49:58,319
Speaker 1: UM with the efforts that the Republicans have made and

853
00:49:58,320 --> 00:50:01,240
Speaker 1: in the legislature has really tarnished them brand of Republicans

854
00:50:01,400 --> 00:50:03,640
Speaker 1: in the state of North Carolina. And so that's why

855
00:50:03,680 --> 00:50:09,120
Speaker 1: I think you're you've seen both Biden, Um Cooper and

856
00:50:09,400 --> 00:50:15,160
Speaker 1: UM UH and Calcunningham really show real strength and durability

857
00:50:15,160 --> 00:50:17,440
Speaker 1: in a race that many thought. Um, it was all

858
00:50:17,480 --> 00:50:19,640
Speaker 1: off the table at the beginning of the selection. And look,

859
00:50:19,680 --> 00:50:21,399
Speaker 1: I think if we get an early result in North

860
00:50:21,400 --> 00:50:23,799
Speaker 1: Carolina for for the left, it's going to be a

861
00:50:23,800 --> 00:50:26,880
Speaker 1: good night for for Democrats. I mean Cal Cunningham, the

862
00:50:26,920 --> 00:50:30,480
Speaker 1: Democratic challenger. Here's an army veteran who's locked now in

863
00:50:30,560 --> 00:50:33,960
Speaker 1: a sexting scandal that has been playing out in the

864
00:50:34,000 --> 00:50:38,960
Speaker 1: front pages of North Carolina's UH news news stories newspapers.

865
00:50:39,320 --> 00:50:41,719
Speaker 1: UM against Senator Tom Tillis, who was a member of

866
00:50:41,760 --> 00:50:45,560
Speaker 1: Republican incumbent, a member of the Senate Judiciary Committee. Obviously

867
00:50:45,600 --> 00:50:49,200
Speaker 1: the A C B confirmation UH a key issue in

868
00:50:49,239 --> 00:50:53,560
Speaker 1: that Senate race. Um. So, just a fascinating, fascinating state

869
00:50:53,600 --> 00:50:57,399
Speaker 1: to watch. Bank of America headquartered, their new core headquartered there.

870
00:50:57,600 --> 00:51:01,680
Speaker 1: Duke Energy down headquartered in North Carolina. So a really

871
00:51:01,719 --> 00:51:06,120
Speaker 1: fascinating dynamic. Um, Adam Goodman, what's on your radar? Let

872
00:51:06,120 --> 00:51:08,720
Speaker 1: me take us further out to my home state of Florida.

873
00:51:09,320 --> 00:51:14,400
Speaker 1: So in the early mail balloting, Democrats by registration, Democrats

874
00:51:14,440 --> 00:51:17,520
Speaker 1: hold about a six hundred and fifty thousand vote lead

875
00:51:17,920 --> 00:51:21,720
Speaker 1: over Republicans, which is daunting right Well, now, the early

876
00:51:21,800 --> 00:51:25,040
Speaker 1: vote as starting to kick in. Republicans right now are

877
00:51:25,120 --> 00:51:27,959
Speaker 1: up by four hundred and seventy thousand in their early vote,

878
00:51:27,960 --> 00:51:31,239
Speaker 1: which means the bottom line as we stand is the

879
00:51:31,280 --> 00:51:35,000
Speaker 1: difference between votes that have been cast from Democrats versus

880
00:51:35,000 --> 00:51:39,640
Speaker 1: Republicans is a minus one eight for Republicans sounds like

881
00:51:39,640 --> 00:51:42,600
Speaker 1: a big one and eight thousand sounds like a big number. Right.

882
00:51:43,040 --> 00:51:46,960
Speaker 1: All the models and I'm very much you know, involved

883
00:51:47,000 --> 00:51:49,160
Speaker 1: with a lot of the players that just different breathe

884
00:51:49,200 --> 00:51:51,680
Speaker 1: this not for media spent, but for where are we

885
00:51:52,320 --> 00:51:54,680
Speaker 1: All the models that we have in Florida say, if

886
00:51:54,719 --> 00:51:59,400
Speaker 1: we're anything under three hundred thousand votes as a deficit

887
00:51:59,440 --> 00:52:02,759
Speaker 1: going into a election day, history says we're gonna win. Well,

888
00:52:02,800 --> 00:52:06,040
Speaker 1: we're already at one eight. If the trend line continues, Kevin,

889
00:52:06,520 --> 00:52:09,160
Speaker 1: that number will be under one dred thousand as a

890
00:52:09,239 --> 00:52:13,240
Speaker 1: difference going into election day where traditionally Republicans in PARTA

891
00:52:13,680 --> 00:52:17,319
Speaker 1: have had their way with the electorate in terms of

892
00:52:17,360 --> 00:52:21,720
Speaker 1: margins over the Democrats. Wow, that's incredibly nuanced and and

893
00:52:21,719 --> 00:52:25,040
Speaker 1: and and very insightful. I'm gonna go geo political for

894
00:52:25,040 --> 00:52:29,720
Speaker 1: a second. I'm gonna pause on the uh second Secretary

895
00:52:29,719 --> 00:52:34,839
Speaker 1: of State Mike Pompeo was traveling in Sri Lanka UH

896
00:52:35,040 --> 00:52:38,440
Speaker 1: this week and he blasted the Communist Party of China

897
00:52:38,840 --> 00:52:43,080
Speaker 1: in a speech some some obviously some interesting geo political

898
00:52:43,880 --> 00:52:47,399
Speaker 1: UH tensions happening in Sri Lanka. Where you've got now

899
00:52:47,480 --> 00:52:51,359
Speaker 1: a pro I wanta say pro, but a more sympathetic

900
00:52:52,080 --> 00:52:55,920
Speaker 1: new government that's been more sympathetic to China than than

901
00:52:56,000 --> 00:52:58,440
Speaker 1: to the United States. So Secretary of Pompeo went over

902
00:52:58,440 --> 00:53:01,920
Speaker 1: there and he said, direct quote, I want to make

903
00:53:01,960 --> 00:53:03,880
Speaker 1: sure I get it right. Here is I marked it

904
00:53:03,920 --> 00:53:07,200
Speaker 1: in my show prep? Where is it? He called? He said,

905
00:53:07,239 --> 00:53:10,600
Speaker 1: the Chinese Communist Party is a predator. He told this

906
00:53:10,640 --> 00:53:13,200
Speaker 1: to reporters after a meeting Wednesday with Sri Lankan Foreign

907
00:53:13,200 --> 00:53:16,560
Speaker 1: Minister Denish Gonna Wardena, the United States comes in a

908
00:53:16,600 --> 00:53:19,680
Speaker 1: different way. We come as a friend and as a partner. Now,

909
00:53:19,680 --> 00:53:24,400
Speaker 1: obviously Sri Lanka just for a quick uh history, lesson

910
00:53:24,480 --> 00:53:27,479
Speaker 1: geo politically, they've struggled with their transition in terms of

911
00:53:27,560 --> 00:53:31,799
Speaker 1: what's been going on UH to to their democracy. But

912
00:53:32,520 --> 00:53:35,400
Speaker 1: they've got a lot of issues when it comes to

913
00:53:35,480 --> 00:53:38,080
Speaker 1: infrastructure and whatnot. And the Chinese that come in there

914
00:53:38,640 --> 00:53:41,640
Speaker 1: and as they do, said we'll make you a really

915
00:53:41,680 --> 00:53:45,719
Speaker 1: good deal, but their strings attached. So Secretary Pompeo going

916
00:53:45,800 --> 00:53:49,320
Speaker 1: over there. But some tough talk continuing from Secretary Pompeo

917
00:53:50,239 --> 00:53:53,920
Speaker 1: on on the CCP. More coming up next. Now we

918
00:53:54,000 --> 00:53:56,080
Speaker 1: say goodbye to Adam Hodge out of given stays. Thank you,

919
00:53:56,120 --> 00:53:59,480
Speaker 1: Adam Hodge. I'm Kevin CERELI. They're listening to Bloomberg nine

920
00:53:59,480 --> 00:54:16,120
Speaker 1: to nine one. This is Bloomberg's Sound On with Kevin

921
00:54:16,120 --> 00:54:20,360
Speaker 1: Surreley on Bloomberg and one oh five point seven f

922
00:54:20,480 --> 00:54:25,680
Speaker 1: M HD two. I'm Kevin Surreley, Chief Washington correspondent for

923
00:54:25,760 --> 00:54:32,720
Speaker 1: Bloomberg Television and for Bloomberg of Radio. You know, folks Pennsylvania.

924
00:54:33,840 --> 00:54:37,719
Speaker 1: I'm not saying it just because just because I'm from there.

925
00:54:37,960 --> 00:54:44,040
Speaker 1: Pennsylvania is fascinating, fascinating right now. And I don't know

926
00:54:44,040 --> 00:54:47,200
Speaker 1: if you've been following this, but Philadelphia, the City of

927
00:54:47,200 --> 00:54:52,040
Speaker 1: Brotherly Love, in a curfew nine pm curfew. Mayor Kenny Democrat.

928
00:54:52,640 --> 00:54:56,279
Speaker 1: Mayor Kenny imposing a nine pm curfew in the City

929
00:54:56,320 --> 00:55:00,239
Speaker 1: of Brotherly Love because of the unrest that has on

930
00:55:00,239 --> 00:55:04,120
Speaker 1: on in the city over the past the past, the

931
00:55:04,160 --> 00:55:06,440
Speaker 1: past couple of days. I want to make sure you

932
00:55:06,480 --> 00:55:09,600
Speaker 1: get this right, reading from dal Jones. A city wide

933
00:55:09,600 --> 00:55:12,239
Speaker 1: curfew took effect in Philadelphia Wednesday at nine pm as

934
00:55:12,280 --> 00:55:16,040
Speaker 1: officials tried to restore order after two nights of looting

935
00:55:16,120 --> 00:55:20,200
Speaker 1: and vandalism sparked by the fatal shooting of Walter Wallace Jr.

936
00:55:20,200 --> 00:55:22,680
Speaker 1: By police. The city officials said the first is several

937
00:55:22,760 --> 00:55:26,600
Speaker 1: hundred Pennsylvania National Guard soldiers are expected to arrive in

938
00:55:26,640 --> 00:55:30,280
Speaker 1: the city Friday with a primary mission to safeguard property

939
00:55:30,600 --> 00:55:34,000
Speaker 1: and prevent looting. So that's what's going on in the

940
00:55:34,040 --> 00:55:37,040
Speaker 1: city of brotherly love. Hop across the commodore Barry Bridge,

941
00:55:37,840 --> 00:55:44,840
Speaker 1: and you go to refineries, Okay, refineries in the not

942
00:55:45,000 --> 00:55:48,480
Speaker 1: just in Delaware. Joe Biden's Delaware. And I wake up

943
00:55:48,520 --> 00:55:51,680
Speaker 1: this morning very early, as I do, and I check

944
00:55:51,719 --> 00:55:57,120
Speaker 1: my Bloomberg terminal. UH New Jersey refinery becomes latest casualty

945
00:55:57,160 --> 00:56:01,600
Speaker 1: of collapse and fuel demand. My colleague Barbara Powell, reporting

946
00:56:01,600 --> 00:56:04,960
Speaker 1: on the terminal. PPF energies Paulsburg Refinery in New Jersey

947
00:56:05,280 --> 00:56:08,560
Speaker 1: has become the latest oil processing facility to fall victim

948
00:56:08,640 --> 00:56:12,880
Speaker 1: to a COVID driven collapse in fuel demand, announcing plans

949
00:56:12,880 --> 00:56:15,960
Speaker 1: to idle operations for the foreseeable future. The company plans

950
00:56:15,960 --> 00:56:18,640
Speaker 1: to lay off two hundred and fifty employees at the

951
00:56:18,640 --> 00:56:21,680
Speaker 1: one and sixty thousand barrel a day plant and halt

952
00:56:21,719 --> 00:56:24,680
Speaker 1: fuel production as a result of low demand. Why do

953
00:56:24,760 --> 00:56:28,880
Speaker 1: I bring this up? Fracking? Okay? I know when we

954
00:56:28,920 --> 00:56:31,200
Speaker 1: talk about p A, most of us consider, oh, it's

955
00:56:31,239 --> 00:56:33,600
Speaker 1: just you know the pundits they talk about, Oh it's

956
00:56:33,600 --> 00:56:37,120
Speaker 1: just southwestern or southwestern Pennsylvania. Then that's where this issue is.

957
00:56:37,520 --> 00:56:41,840
Speaker 1: But if you are from this state and what I

958
00:56:41,920 --> 00:56:46,240
Speaker 1: just outlined for you, that's the zeitgeist of the Delco area,

959
00:56:46,320 --> 00:56:50,959
Speaker 1: the Delco mind set that yeah, is district along with

960
00:56:50,960 --> 00:56:55,160
Speaker 1: with South Philly, but it's there's a there's a schism

961
00:56:55,239 --> 00:56:59,799
Speaker 1: of refinery blue collar workers. That that's what they're living

962
00:56:59,840 --> 00:57:02,440
Speaker 1: with right now. So I'm thrilled to welcome back to

963
00:57:02,440 --> 00:57:05,319
Speaker 1: the program Adam Gimmons with me and Charlie Jarrou. I

964
00:57:05,360 --> 00:57:08,040
Speaker 1: looked at the rundown, I said, Charlie Jarreau, the political

965
00:57:08,120 --> 00:57:11,920
Speaker 1: PA mastermind of Republican politics. Charlie Jarreau is going to

966
00:57:12,040 --> 00:57:13,880
Speaker 1: be on the program. And then I looked at the

967
00:57:13,920 --> 00:57:16,120
Speaker 1: Hill dot com where I used to work. All frackt

968
00:57:16,200 --> 00:57:20,440
Speaker 1: Up is the title of their column Biden's Keystone State breakdown.

969
00:57:20,960 --> 00:57:23,520
Speaker 1: All right, Charlie Jarreau, thanks for being here. What are

970
00:57:23,520 --> 00:57:25,800
Speaker 1: you right in the Hill dot com about how fracking

971
00:57:25,880 --> 00:57:27,600
Speaker 1: is going to be such a crucial issue in the

972
00:57:27,680 --> 00:57:31,560
Speaker 1: closing arguments to election day. It's great to be on

973
00:57:31,640 --> 00:57:34,600
Speaker 1: with you, Kevin. And fracking, as you know, has been

974
00:57:34,640 --> 00:57:38,080
Speaker 1: an issue throughout the campaign as Joe Biden and Kamala

975
00:57:38,120 --> 00:57:41,520
Speaker 1: Harris have flip flopped all over the place, first calling

976
00:57:41,520 --> 00:57:44,040
Speaker 1: for an outright band, then saying only a partial band,

977
00:57:44,120 --> 00:57:46,720
Speaker 1: and saying, oh, maybe we're gonna cut out fossil fuels

978
00:57:46,760 --> 00:57:50,960
Speaker 1: altogether instead of punctuated by that really incredible remark he

979
00:57:51,000 --> 00:57:53,000
Speaker 1: made at the close of the second debate where he

980
00:57:53,040 --> 00:57:56,480
Speaker 1: said he's also gonna shut down the oil industry, which

981
00:57:56,720 --> 00:58:00,920
Speaker 1: has another major component to the Pennsylvania of the hundreds

982
00:58:00,960 --> 00:58:04,880
Speaker 1: of thousands of Pennsylvania jobs depend on natural gas and

983
00:58:05,040 --> 00:58:07,720
Speaker 1: on oil. After all, the oil industry in the United

984
00:58:07,760 --> 00:58:11,320
Speaker 1: States began right here in Pennsylvania. Well, Charlie, that's right.

985
00:58:11,320 --> 00:58:13,440
Speaker 1: I want to take this. Charlie Jarreau is with this.

986
00:58:14,000 --> 00:58:17,439
Speaker 1: You know, I think for people outside of of this

987
00:58:17,840 --> 00:58:21,600
Speaker 1: of these geographical regions in our country, it's difficult to

988
00:58:21,760 --> 00:58:26,120
Speaker 1: understand how just how nuanced this issue is in the

989
00:58:26,160 --> 00:58:29,280
Speaker 1: sense we cable news reports this as you know, how

990
00:58:29,280 --> 00:58:31,160
Speaker 1: can anyone not have their minds made up? But it's more,

991
00:58:31,200 --> 00:58:34,040
Speaker 1: it's more. These are many of these refinery workers. Some

992
00:58:34,080 --> 00:58:37,280
Speaker 1: of these are union jobs. These are but they're the

993
00:58:37,440 --> 00:58:40,200
Speaker 1: they're the swing voters. And it's not just a decision

994
00:58:40,200 --> 00:58:41,880
Speaker 1: of whether or not they're going to vote for President

995
00:58:41,880 --> 00:58:44,400
Speaker 1: Trump or Joe Biden. It's if they're gonna show up

996
00:58:44,400 --> 00:58:48,200
Speaker 1: to the polls at all. When you've got refinery laying

997
00:58:48,240 --> 00:58:50,760
Speaker 1: off workers, I mean, what does that do to the

998
00:58:50,840 --> 00:58:54,160
Speaker 1: dynamics in the lead up? Charlie Jarreau to that to

999
00:58:54,160 --> 00:58:58,280
Speaker 1: to turn out on election day in a state like Pennsylvania. Well,

1000
00:58:58,320 --> 00:59:00,320
Speaker 1: you're correct, Kevin. I mean a lot of these folks

1001
00:59:00,360 --> 00:59:04,120
Speaker 1: are not traditional Republican voters by any strett the imagination.

1002
00:59:04,560 --> 00:59:07,200
Speaker 1: Most of them are union households. These are very good

1003
00:59:07,240 --> 00:59:09,720
Speaker 1: paying jobs. A lot of the jobs in the oil

1004
00:59:09,760 --> 00:59:12,840
Speaker 1: fields and in the gas fields pay a hundred thousand

1005
00:59:12,920 --> 00:59:16,640
Speaker 1: bucks a year or more, and folks not only depend

1006
00:59:16,680 --> 00:59:19,120
Speaker 1: on them for their families, but there are a large

1007
00:59:19,200 --> 00:59:23,280
Speaker 1: number of ancillary industries that are also totally dependent on

1008
00:59:23,400 --> 00:59:26,560
Speaker 1: gas and oil. So You've got a whole new group

1009
00:59:26,720 --> 00:59:30,520
Speaker 1: of pro Trump voters who are highly motivated to turn

1010
00:59:30,560 --> 00:59:35,400
Speaker 1: out on Tuesday, folks that perhaps didn't even vote. I

1011
00:59:35,440 --> 00:59:38,360
Speaker 1: think it's fascinating and I think, you know, coupled with

1012
00:59:38,400 --> 00:59:42,080
Speaker 1: what's going on just a couple of miles away and Philadelphia,

1013
00:59:42,120 --> 00:59:44,640
Speaker 1: which is dominating the local news in the Philadelphia and

1014
00:59:44,680 --> 00:59:47,760
Speaker 1: media markets, it's it's, it's I keep saying it. This

1015
00:59:47,920 --> 00:59:50,920
Speaker 1: is another variable that is that I don't that is

1016
00:59:50,960 --> 00:59:59,080
Speaker 1: hard to predict, Adam Goodman, I am. They're saying that

1017
00:59:59,200 --> 01:00:02,960
Speaker 1: upwards of sixty of Pennsylvanians at the act to vote,

1018
01:00:03,080 --> 01:00:07,200
Speaker 1: and you're looking at a big election day turn out. Well,

1019
01:00:07,240 --> 01:00:10,440
Speaker 1: the most googled item after that that terrible debate by

1020
01:00:10,520 --> 01:00:14,440
Speaker 1: Joe Biden in the state of Pennsylvania wasn't oil and guests,

1021
01:00:14,520 --> 01:00:18,560
Speaker 1: And there was one survey saw that said that of

1022
01:00:18,600 --> 01:00:23,120
Speaker 1: Pennsylvanians who hadn't voted are reconsidering how they're going to

1023
01:00:23,240 --> 01:00:27,080
Speaker 1: vote based on that issue. So when Charlie Darrow says

1024
01:00:27,120 --> 01:00:29,920
Speaker 1: this is this is a major gap, this is a

1025
01:00:29,920 --> 01:00:32,600
Speaker 1: major deal in a blue collar state that these aren't

1026
01:00:32,600 --> 01:00:36,120
Speaker 1: just Republicans, these are boot collar Democrats. This has got

1027
01:00:36,120 --> 01:00:39,400
Speaker 1: to really worry Joe Biden. Isn't it telling that Joe

1028
01:00:39,400 --> 01:00:42,200
Speaker 1: Biden in his final for longer the race, with a

1029
01:00:42,200 --> 01:00:45,440
Speaker 1: couple of days to go in Pennsylvania, a key state

1030
01:00:46,200 --> 01:00:49,680
Speaker 1: in the electoral map, that he's decided not to come back.

1031
01:00:50,880 --> 01:00:53,480
Speaker 1: He's not, at least at this point, he doesn't want

1032
01:00:53,480 --> 01:00:55,920
Speaker 1: to come back because he knows the questions he's going

1033
01:00:55,960 --> 01:00:59,040
Speaker 1: to get they're not good ones, and he has no answer. Well,

1034
01:00:59,840 --> 01:01:02,400
Speaker 1: so let's let's let's go analytical for a second, because obviously,

1035
01:01:02,400 --> 01:01:05,760
Speaker 1: if if I were to have a Democrat would say, okay, well,

1036
01:01:05,840 --> 01:01:08,320
Speaker 1: you know, he wants to you know, better the environment

1037
01:01:08,360 --> 01:01:10,760
Speaker 1: and whatnot. But my question to you is is this

1038
01:01:10,840 --> 01:01:13,800
Speaker 1: by design? Is he not taking a position on energy

1039
01:01:13,920 --> 01:01:18,440
Speaker 1: or is he leaving the questions Adam Goodman around his

1040
01:01:18,600 --> 01:01:21,400
Speaker 1: energy policy? And it's not just energy, mind you, it's

1041
01:01:21,440 --> 01:01:25,080
Speaker 1: also uh financial policy. Right, there's a headline just just

1042
01:01:25,200 --> 01:01:28,520
Speaker 1: cross Politico, just within the last hour that says a

1043
01:01:28,560 --> 01:01:32,720
Speaker 1: Senator Elizabeth Warren is going to be jockeying for Treasury secretary.

1044
01:01:32,800 --> 01:01:35,360
Speaker 1: They cite three unnamed sources close to her inner circle.

1045
01:01:35,400 --> 01:01:39,080
Speaker 1: That's citing political But is this by design? This question

1046
01:01:39,120 --> 01:01:41,440
Speaker 1: around his policy Adam Goodman, and if it is, is

1047
01:01:41,440 --> 01:01:47,480
Speaker 1: that a smart policy, a smart strategy, a smart strategy. Sorry, well, Kevin,

1048
01:01:47,520 --> 01:01:49,560
Speaker 1: you know why he's doing it. Let's just be real.

1049
01:01:50,040 --> 01:01:52,720
Speaker 1: Joe Bien is trying to have both ends against the middle.

1050
01:01:52,880 --> 01:01:55,000
Speaker 1: He's trying not to answer that question. I guess that's

1051
01:01:55,000 --> 01:01:58,040
Speaker 1: what you do after forty seven years of being a politician.

1052
01:01:58,080 --> 01:02:00,080
Speaker 1: You try to make sure that no one will he

1053
01:02:00,160 --> 01:02:02,560
Speaker 1: knows where you're coming from. And part of it is

1054
01:02:02,600 --> 01:02:05,520
Speaker 1: also he is sending a message the progressive left that

1055
01:02:05,640 --> 01:02:07,480
Speaker 1: he's going to do some of their bidding. And the

1056
01:02:07,480 --> 01:02:12,760
Speaker 1: Elizabeth Warren h balloon that's being philitipher Treasury and Bernie

1057
01:02:12,760 --> 01:02:16,400
Speaker 1: Sanders on healthcare, you get what's going on. And cracking

1058
01:02:16,520 --> 01:02:19,840
Speaker 1: oil and gas in Pennsylvania is just another example of

1059
01:02:19,880 --> 01:02:24,080
Speaker 1: how Joe Biden wants to have it all without being anywhere.

1060
01:02:24,200 --> 01:02:27,080
Speaker 1: Charlie got like forty five seconds left, so very quickly,

1061
01:02:27,120 --> 01:02:28,440
Speaker 1: just give us the lay of the lamb. Where do

1062
01:02:28,480 --> 01:02:30,120
Speaker 1: you think is going to happen in p I and

1063
01:02:30,160 --> 01:02:32,040
Speaker 1: then please come back on the show. We have more time.

1064
01:02:32,720 --> 01:02:34,920
Speaker 1: I would love to, and I do think that Donald

1065
01:02:34,920 --> 01:02:39,280
Speaker 1: Trump wins Pennsylvania again by another narrow margin, but Adam

1066
01:02:39,360 --> 01:02:41,760
Speaker 1: is absolutely correct. What you saw Joe Biden doing in

1067
01:02:41,760 --> 01:02:44,080
Speaker 1: the last four or five days of the campaign was

1068
01:02:44,080 --> 01:02:47,440
Speaker 1: really trying to extricate himself from his position between the

1069
01:02:47,440 --> 01:02:49,720
Speaker 1: dog and the political tree where he put himself in

1070
01:02:49,760 --> 01:02:52,720
Speaker 1: that debate. He wasted an entire day having to come

1071
01:02:52,720 --> 01:02:56,200
Speaker 1: back to Pennsylvania appear before one of his small gatherings

1072
01:02:56,320 --> 01:02:59,600
Speaker 1: to explain himself. And as you know, when you're explaining

1073
01:02:59,600 --> 01:03:03,360
Speaker 1: in a tical campaign, you're losing ground. Meanwhile, Donald Trump

1074
01:03:03,400 --> 01:03:05,840
Speaker 1: is back here to huge crowds and guess where he's

1075
01:03:05,880 --> 01:03:11,240
Speaker 1: closing his campaign on Monday in Scranton, Pennsylvania. Wow. And

1076
01:03:11,320 --> 01:03:12,960
Speaker 1: that's where he did it. That's where he closed last

1077
01:03:13,000 --> 01:03:15,000
Speaker 1: cycle too. I was there. That's where my grandma was

1078
01:03:15,160 --> 01:03:18,920
Speaker 1: from me. I'm thinking of you, Charlie Jireau, Adam Goodman.

1079
01:03:19,360 --> 01:03:21,320
Speaker 1: Fracking and I can't stress it enough. Can you imagine

1080
01:03:21,320 --> 01:03:24,640
Speaker 1: waking up to that headline refinery jobs going away in Delko?

1081
01:03:24,880 --> 01:03:34,479
Speaker 1: I'm Kevin's really you're listening to Wimberg. Yeah,