1 00:00:00,720 --> 00:00:03,840 Speaker 1: Why from our nation's all Talk here in Washington, d 2 00:00:03,880 --> 00:00:07,880 Speaker 1: C turns to President elect Joe Biden's administration, historically speaking 3 00:00:07,880 --> 00:00:10,320 Speaker 1: the markets that performed better when there is divided government. 4 00:00:10,440 --> 00:00:14,200 Speaker 1: The biggest pressure for physical stimulus is an up taking cases. 5 00:00:14,320 --> 00:00:19,320 Speaker 1: Bloomberg Sound On the insiders, the influencers, the inside fiding 6 00:00:19,400 --> 00:00:22,280 Speaker 1: has Thomas again and again that he will unite the 7 00:00:22,280 --> 00:00:25,759 Speaker 1: country's state government's control elections left in the constitution. I 8 00:00:25,800 --> 00:00:29,720 Speaker 1: think that we can expect a smooth, thoughtful, methodical transition. 9 00:00:30,000 --> 00:00:34,520 Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg 10 00:00:35,760 --> 00:00:39,880 Speaker 1: and one oh h D two. Breaking news. President Trump 11 00:00:39,880 --> 00:00:43,519 Speaker 1: announced on Twitter that he has pardoned ex advisor Michael Flynn. 12 00:00:43,560 --> 00:00:47,479 Speaker 1: We have the complete reaction this as vaccine impact is 13 00:00:47,520 --> 00:00:50,960 Speaker 1: everywhere everywhere except in the SMP five hundred, how the 14 00:00:51,000 --> 00:00:54,840 Speaker 1: health front is impacting the markets and fight. Our President 15 00:00:54,880 --> 00:00:58,360 Speaker 1: elect Joe Biden cast a somber tone and Thanksgiving speech 16 00:00:58,560 --> 00:01:00,800 Speaker 1: focused on COVID. We've got a lot of breaking news 17 00:01:00,880 --> 00:01:03,920 Speaker 1: to get through. A chief among them that President Trump 18 00:01:04,000 --> 00:01:08,520 Speaker 1: is tweeting that he has pardoned his UH ex advisor 19 00:01:08,840 --> 00:01:11,280 Speaker 1: Michael Flynn, and we have complete panel reaction for that. 20 00:01:11,640 --> 00:01:14,160 Speaker 1: Coming up. But I want to begin by uh uh, 21 00:01:14,319 --> 00:01:17,000 Speaker 1: noting an interview that I did with Lieutenant Governor of 22 00:01:17,000 --> 00:01:20,639 Speaker 1: Pennsylvania John Fetterman, because earlier today, my colleague Taylor Riggs 23 00:01:20,959 --> 00:01:23,319 Speaker 1: and I spoke to Fetterman and I asked him how 24 00:01:23,319 --> 00:01:26,880 Speaker 1: he thinks the Biden administration should bring back manufacturing jobs. 25 00:01:28,000 --> 00:01:32,280 Speaker 1: Joe Biden's all about build back better and made in America, 26 00:01:32,520 --> 00:01:35,679 Speaker 1: and you know speaking, I mean, I'm literally sitting across 27 00:01:35,720 --> 00:01:38,959 Speaker 1: the street from a steel mill, and you know, acknowledging 28 00:01:39,000 --> 00:01:41,319 Speaker 1: the investment in these kind of industries that we already 29 00:01:41,319 --> 00:01:43,959 Speaker 1: have here in Pennsylvania. US Steel is poised to build 30 00:01:44,200 --> 00:01:47,120 Speaker 1: the greenest steel mill in the world, and it would 31 00:01:47,120 --> 00:01:50,240 Speaker 1: be amazing to have a president who truly understands that 32 00:01:50,480 --> 00:01:53,880 Speaker 1: we can move forward with existing industries and make them green, 33 00:01:54,280 --> 00:01:57,360 Speaker 1: make them more efficient, make them more environmentally friendly, so 34 00:01:57,400 --> 00:01:59,800 Speaker 1: we can preserve the Union way of life here and 35 00:02:00,200 --> 00:02:03,400 Speaker 1: make as much as we can right here, not only 36 00:02:03,440 --> 00:02:07,560 Speaker 1: in Pennsylvania, but here domestically. So I am encouraged by 37 00:02:07,600 --> 00:02:10,440 Speaker 1: everything that I know Joe Biden stands for from what 38 00:02:10,480 --> 00:02:12,400 Speaker 1: I've heard. I want to talk a little bit about 39 00:02:12,400 --> 00:02:16,200 Speaker 1: the economy. You've been a proponent of legalizing marijuana. We've 40 00:02:16,240 --> 00:02:19,480 Speaker 1: seen some other states do it, but frankly, the revenue 41 00:02:19,600 --> 00:02:22,560 Speaker 1: is never as much as the assumptions in the budget. 42 00:02:23,200 --> 00:02:24,960 Speaker 1: Is this just another way to help try to close 43 00:02:25,000 --> 00:02:28,520 Speaker 1: the budget deficit? Well, you know, I don't know if 44 00:02:28,560 --> 00:02:32,000 Speaker 1: I agree with that assertion that the revenues don't always match. There. 45 00:02:32,000 --> 00:02:35,000 Speaker 1: They actually often will match and sometimes they will exceed that. 46 00:02:35,360 --> 00:02:38,440 Speaker 1: But you know what, compared to a state that we're 47 00:02:39,000 --> 00:02:42,320 Speaker 1: weed is lee is illegal, the revenue zero except if 48 00:02:42,360 --> 00:02:45,000 Speaker 1: you don't count the drug cartels and the dealers. So 49 00:02:45,320 --> 00:02:47,560 Speaker 1: the revenue that we're saying no to would be a 50 00:02:47,600 --> 00:02:51,480 Speaker 1: minimum of five billion dollars over over twenty years here 51 00:02:51,520 --> 00:02:55,280 Speaker 1: in Pennsylvania. That's a fact. So the idea of free 52 00:02:55,280 --> 00:02:58,000 Speaker 1: money is always better than no money, especially when it's 53 00:02:58,000 --> 00:03:02,240 Speaker 1: going to the black market. So UM absolutely convinced that 54 00:03:02,280 --> 00:03:05,360 Speaker 1: it's the right reason, not only for budgetary reasons, but 55 00:03:05,480 --> 00:03:10,280 Speaker 1: also for justice and for freedom and from jobs. It's 56 00:03:10,320 --> 00:03:12,440 Speaker 1: it's a no brainer, to be quite honest with you. 57 00:03:12,680 --> 00:03:14,600 Speaker 1: And I know right now we're trying to balance jobs 58 00:03:14,639 --> 00:03:18,079 Speaker 1: with a health emergency, and I am curious on a 59 00:03:18,160 --> 00:03:21,160 Speaker 1: day when New York top six thousand virus cases for 60 00:03:21,200 --> 00:03:23,680 Speaker 1: the first time since April. What are you doing to 61 00:03:23,760 --> 00:03:28,560 Speaker 1: prevent New Yorkers from infecting your Pennsylvania Well, we we 62 00:03:28,639 --> 00:03:32,240 Speaker 1: have a travel advisory where anyone coming from outside our 63 00:03:32,280 --> 00:03:35,680 Speaker 1: state needs to isolate for fourteen days or provide proof 64 00:03:35,720 --> 00:03:39,600 Speaker 1: of a negative COVID test. Of course, this is voluntary 65 00:03:39,680 --> 00:03:41,680 Speaker 1: and and we understand that there will be people that 66 00:03:41,720 --> 00:03:44,880 Speaker 1: would ignore that. But the message that we're trying to 67 00:03:44,960 --> 00:03:48,600 Speaker 1: promote constantly is this idea that we to your point, 68 00:03:48,640 --> 00:03:52,200 Speaker 1: we are having a surge of viruses all across our 69 00:03:52,360 --> 00:03:55,160 Speaker 1: state and in the region and the country, and this 70 00:03:55,280 --> 00:03:58,280 Speaker 1: is a virus that has killed you know, there's gonna 71 00:03:58,320 --> 00:04:01,400 Speaker 1: be more than a quarter million empty chairs this Thanksgiving 72 00:04:01,400 --> 00:04:04,400 Speaker 1: across America because of this virus. You know, the governor 73 00:04:04,520 --> 00:04:09,520 Speaker 1: here in Pennsylvania has insisted on new mandates with respects 74 00:04:09,520 --> 00:04:16,080 Speaker 1: to masking and social distancing and events indoors, including banning 75 00:04:16,120 --> 00:04:19,880 Speaker 1: alcohol sales after five pm this evening to prevent the 76 00:04:20,480 --> 00:04:25,640 Speaker 1: so called homecoming events that typically occur in bars across 77 00:04:25,960 --> 00:04:28,680 Speaker 1: America when people are returning home for Thanksgiving and they 78 00:04:28,680 --> 00:04:32,000 Speaker 1: tend to congregate in these closed there in spaces and drink. 79 00:04:32,760 --> 00:04:34,440 Speaker 1: But how do you how do you do that in 80 00:04:34,560 --> 00:04:37,920 Speaker 1: terms of balancing the health concerns that are very real. 81 00:04:38,000 --> 00:04:41,120 Speaker 1: We're all following, you know, the data from Johns Hopkins. 82 00:04:41,120 --> 00:04:43,440 Speaker 1: But how do you balance that? This is like a 83 00:04:43,480 --> 00:04:46,679 Speaker 1: sucker punch to the gut of these small business owners, 84 00:04:46,880 --> 00:04:50,000 Speaker 1: and many of them are Democrats in parts of Pennsylvania, 85 00:04:50,040 --> 00:04:53,160 Speaker 1: for example, and they simply are ready to pull their 86 00:04:53,160 --> 00:04:55,880 Speaker 1: hair out that they've got to shut down on a massive, 87 00:04:56,040 --> 00:04:59,680 Speaker 1: massive night of business in order to balance the health 88 00:04:59,720 --> 00:05:03,640 Speaker 1: cons Earns Lieutenant Governor without any aid coming from Washington, 89 00:05:03,720 --> 00:05:06,320 Speaker 1: d C. Yeah, well, first of all, we we do 90 00:05:06,400 --> 00:05:08,560 Speaker 1: need aid coming from Washington, d C. I think that's 91 00:05:08,560 --> 00:05:10,240 Speaker 1: what we can all agree on. What no matter what 92 00:05:10,320 --> 00:05:13,760 Speaker 1: your political leanings are. I mean, that's undeniable, and it 93 00:05:14,360 --> 00:05:17,400 Speaker 1: is does come down to balancing it act, you know, 94 00:05:17,480 --> 00:05:23,520 Speaker 1: making money by promoting closed in events space that has 95 00:05:23,920 --> 00:05:27,479 Speaker 1: demonstrated that it's a super spreader of the viruses is 96 00:05:27,520 --> 00:05:31,320 Speaker 1: something that's that's reasonable to one occurtail, you know, quite frankly, 97 00:05:31,600 --> 00:05:34,480 Speaker 1: and it it's it's the sixty four thousand dollar question 98 00:05:34,560 --> 00:05:37,400 Speaker 1: balancing lives and livelihoods. And that's what we've tried to 99 00:05:37,400 --> 00:05:41,240 Speaker 1: do in Pennsylvania. This idea that we must arrest this 100 00:05:41,400 --> 00:05:43,800 Speaker 1: virus and flatten the curve as we did in the spring, 101 00:05:44,120 --> 00:05:47,480 Speaker 1: give people enough time to adjust, give enough chance to 102 00:05:47,640 --> 00:05:52,320 Speaker 1: stockpile the PPE equipment, as well as develop a vaccine, 103 00:05:52,320 --> 00:05:55,160 Speaker 1: which we do have. And I just think everyone needs 104 00:05:55,160 --> 00:05:57,840 Speaker 1: to understand that you doing your own little part is 105 00:05:57,880 --> 00:05:59,480 Speaker 1: really the only thing at this point that it is 106 00:05:59,480 --> 00:06:01,960 Speaker 1: going to slow the spread of this virus. And I 107 00:06:02,000 --> 00:06:05,159 Speaker 1: don't believe, you know, I had a veteran say that, 108 00:06:05,440 --> 00:06:08,160 Speaker 1: you know, you know his his grandfather fought in World 109 00:06:08,200 --> 00:06:10,800 Speaker 1: War Two. And you know what what's being asked of 110 00:06:10,880 --> 00:06:13,240 Speaker 1: us now? To not go out and drink past five 111 00:06:13,320 --> 00:06:17,000 Speaker 1: epm in a restaurant. You can still dying. You just 112 00:06:17,120 --> 00:06:20,920 Speaker 1: can't congregate and buy alcohol. I don't think that's that's 113 00:06:20,960 --> 00:06:23,400 Speaker 1: too much of a stretch. As sympathetic as I am 114 00:06:23,520 --> 00:06:27,000 Speaker 1: to somebody who lives above a restaurant, is that that, 115 00:06:27,120 --> 00:06:29,320 Speaker 1: you know, for us to make it through this, this 116 00:06:29,400 --> 00:06:33,520 Speaker 1: awful pandemic with the least loss of life. Before you were, 117 00:06:33,760 --> 00:06:36,960 Speaker 1: before you became lieutena governor, you were the mayor of Braddock, Pennsylvania. 118 00:06:37,080 --> 00:06:41,000 Speaker 1: And I want to ask you well, and I want 119 00:06:41,000 --> 00:06:43,480 Speaker 1: to ask you though specifically with regards to how small 120 00:06:43,520 --> 00:06:47,560 Speaker 1: towns are being impacted, uh not from the economic fallout 121 00:06:48,200 --> 00:06:50,760 Speaker 1: of the coronavirus pandemic. And there's been a lot of 122 00:06:50,839 --> 00:06:54,560 Speaker 1: questions that you and other Democrats like you in the 123 00:06:54,560 --> 00:06:58,000 Speaker 1: state of Pennsylvania have raised about how the United States 124 00:06:58,000 --> 00:07:02,000 Speaker 1: should respond in the rebuilding after this too in the 125 00:07:02,080 --> 00:07:06,960 Speaker 1: global economy, especially with a Chinese Communist party that's been 126 00:07:07,000 --> 00:07:08,839 Speaker 1: on the rise. So what do you again, to bring 127 00:07:08,839 --> 00:07:11,600 Speaker 1: it back from a small town perspective, what do you 128 00:07:11,680 --> 00:07:15,040 Speaker 1: hope the Biden administration will take away when they're dealing 129 00:07:15,560 --> 00:07:19,760 Speaker 1: with shi jing Ping. Yeah, I think with without a doubt, 130 00:07:19,840 --> 00:07:23,080 Speaker 1: we need to embrace the industries that we have. And 131 00:07:23,120 --> 00:07:26,080 Speaker 1: as I mentioned earlier in our interview, I literally am 132 00:07:26,080 --> 00:07:29,160 Speaker 1: sitting across the street from the footprint of what would 133 00:07:29,200 --> 00:07:32,640 Speaker 1: be the greenest steel mill in the world, and we 134 00:07:32,720 --> 00:07:35,840 Speaker 1: need to We need these jobs, we need these union jobs, 135 00:07:36,040 --> 00:07:39,080 Speaker 1: We need this steel. This steel would allow us to 136 00:07:39,400 --> 00:07:44,440 Speaker 1: build uh and produce the strongest, greenest steel in the 137 00:07:44,480 --> 00:07:47,600 Speaker 1: world to make sure our auto fleet can meet the 138 00:07:47,960 --> 00:07:51,480 Speaker 1: increased e p A standards for mileage in our trucks 139 00:07:51,520 --> 00:07:55,920 Speaker 1: and other vehicles. I can't under overstate the importance of 140 00:07:56,000 --> 00:07:58,360 Speaker 1: a facility like this, because if it gets built in 141 00:07:58,360 --> 00:08:02,840 Speaker 1: a county like China, a country like China where there's 142 00:08:02,880 --> 00:08:06,200 Speaker 1: no environmental standards, no labor standards, no any kind of 143 00:08:06,280 --> 00:08:08,840 Speaker 1: standards other than pumping out as much as you can, 144 00:08:09,040 --> 00:08:12,560 Speaker 1: the environment and workers rights beedm you know, like it 145 00:08:12,600 --> 00:08:15,560 Speaker 1: needs to stay right here in this in this country. 146 00:08:15,600 --> 00:08:17,920 Speaker 1: So you know, right now here in Braddock is the 147 00:08:18,240 --> 00:08:20,840 Speaker 1: battle of which you speak of, is that these kind 148 00:08:20,880 --> 00:08:24,440 Speaker 1: of companies need to be helped to secure this investment 149 00:08:24,720 --> 00:08:28,560 Speaker 1: and the American way of life, and this the steel 150 00:08:28,560 --> 00:08:31,480 Speaker 1: worker way of life here because we can't all work 151 00:08:31,520 --> 00:08:33,360 Speaker 1: for Google. As much as a lot of people was 152 00:08:33,480 --> 00:08:35,480 Speaker 1: I'm I'm a fifty one year old man. I don't 153 00:08:35,480 --> 00:08:38,600 Speaker 1: want someone telling me, hey, John, go learn coding. You know, 154 00:08:38,679 --> 00:08:41,360 Speaker 1: if you if you you can't do your job again. 155 00:08:41,400 --> 00:08:43,480 Speaker 1: We we need to be you know, we need to 156 00:08:43,480 --> 00:08:45,760 Speaker 1: realize that, yeah, we we can't all go work at 157 00:08:45,800 --> 00:08:48,520 Speaker 1: Facebook or we can't all learn to code. And if 158 00:08:48,559 --> 00:08:50,960 Speaker 1: we can do it in a way that's environmentally sound 159 00:08:51,440 --> 00:08:54,600 Speaker 1: and that preserves these union family sustaining jobs, we've got 160 00:08:54,600 --> 00:08:58,320 Speaker 1: to do it. So that was my interview along with 161 00:08:58,360 --> 00:09:02,040 Speaker 1: my colleague Taylor Reags, with John Federman lieutenant governor of Pennsylvania, 162 00:09:02,240 --> 00:09:04,440 Speaker 1: a Democrat, and quite honestly, I think he's gonna run 163 00:09:04,480 --> 00:09:08,800 Speaker 1: for either Senate senator in two to fill twom seat 164 00:09:09,160 --> 00:09:11,360 Speaker 1: or governor. And I asked him at the tail end 165 00:09:11,360 --> 00:09:13,080 Speaker 1: of the interview. We we didn't have time to air it, 166 00:09:13,120 --> 00:09:15,480 Speaker 1: but he says it's easither going to run for governor 167 00:09:15,720 --> 00:09:20,840 Speaker 1: or UH senator in two. Just three set here, President 168 00:09:20,840 --> 00:09:24,640 Speaker 1: Trump pardons Michael Flynn, ex national security advisor. Diving into 169 00:09:24,679 --> 00:09:27,079 Speaker 1: my Blueberg terminal, President Donald Trump said he has pardoned 170 00:09:27,120 --> 00:09:30,280 Speaker 1: Michael Flynn, his first national security advisor, who has pleaded 171 00:09:30,320 --> 00:09:34,240 Speaker 1: guilty to lying to FBI agents about his conversation with 172 00:09:34,280 --> 00:09:37,880 Speaker 1: the Russian ambassador to the United States. Much more coming 173 00:09:37,960 --> 00:09:40,360 Speaker 1: up next time. Kevin Surreally, chief Washington correspondent for Bloomberg 174 00:09:40,360 --> 00:10:03,719 Speaker 1: TV and Radio. This is Bloomberg. You're listening to Bloomberg 175 00:10:03,840 --> 00:10:08,000 Speaker 1: Sound On with Kevin Surrele on Bloomberg and one oh 176 00:10:08,000 --> 00:10:11,160 Speaker 1: five point seven f m HD two. I'm Kevin Sirele, 177 00:10:11,320 --> 00:10:15,520 Speaker 1: chief Washington correspondent for Bloomberg Television and for Bloomberg Radio. 178 00:10:15,640 --> 00:10:20,520 Speaker 1: Breaking news this afternoon, President Trump pardoning not turkeys via 179 00:10:20,559 --> 00:10:23,920 Speaker 1: tweet quote. It is my great honor to announce that 180 00:10:24,000 --> 00:10:26,960 Speaker 1: General Michael T. Flynn has been granted a full pardon. 181 00:10:27,080 --> 00:10:31,040 Speaker 1: Congratulations to at Gen. Friend Flynn and his wonderful family. 182 00:10:31,080 --> 00:10:34,640 Speaker 1: I know you will now have a truly fantastic Thanksgiving. 183 00:10:35,000 --> 00:10:37,480 Speaker 1: Reporting from the Bloomberg Terminal, the pardon brings to an 184 00:10:37,480 --> 00:10:42,360 Speaker 1: apparent close along and bitterly fought criminal case that became 185 00:10:42,400 --> 00:10:47,120 Speaker 1: a cause celebre for Trump and his conservative allies, who 186 00:10:47,160 --> 00:10:50,160 Speaker 1: portrayed the prosecution of Flynn as evidence of a broad 187 00:10:50,200 --> 00:10:53,880 Speaker 1: conspiracy against the president. But Democrats quickly denounced the move. 188 00:10:54,200 --> 00:10:57,800 Speaker 1: Congressman Adam Schiff of California, chairman of the House Intelligence Committee, 189 00:10:57,800 --> 00:11:00,080 Speaker 1: said quote, there is no doubt that a price it 190 00:11:00,320 --> 00:11:03,640 Speaker 1: has broad power to confer pardons, but when they are 191 00:11:03,679 --> 00:11:07,360 Speaker 1: deployed to insulate himself, his family, and his associates from 192 00:11:07,400 --> 00:11:11,360 Speaker 1: criminal investigation, it is a corruption of the framer's intent. 193 00:11:11,600 --> 00:11:14,200 Speaker 1: End quote. It is no surprise that Trump would go 194 00:11:14,240 --> 00:11:17,000 Speaker 1: out just as he came in crooked. To the end, 195 00:11:17,280 --> 00:11:20,959 Speaker 1: the narrative has swerved from Flynn's initial guilty please during 196 00:11:20,960 --> 00:11:24,880 Speaker 1: the investigation of Russian interference in the election, to Attorney 197 00:11:24,880 --> 00:11:28,000 Speaker 1: General William Barr's surprise decision in May to drop the 198 00:11:28,080 --> 00:11:31,719 Speaker 1: charges and the U. S District Judge Emmett Sullivan's refusal 199 00:11:32,080 --> 00:11:35,200 Speaker 1: to approve the request. Will have much more reaction and 200 00:11:35,240 --> 00:11:38,680 Speaker 1: analysis coming up throughout the program. But again breaking news, 201 00:11:38,840 --> 00:11:44,480 Speaker 1: the President pardoning via tweet General Flynn. My name is 202 00:11:44,559 --> 00:11:48,080 Speaker 1: Kevin Curli. I'm Chief Washington correspondent for Bloomberg Television and 203 00:11:48,160 --> 00:11:51,360 Speaker 1: for Bloomberg Radio. Let's pivot now to the markets. US 204 00:11:51,440 --> 00:11:56,680 Speaker 1: stock slip from records after data deluge, the rotation out 205 00:11:56,720 --> 00:12:00,800 Speaker 1: of tech shares and into cyclical sparked by missing vaccine 206 00:12:00,800 --> 00:12:05,000 Speaker 1: news reversed Wednesday as investors cast a weary eye on 207 00:12:05,080 --> 00:12:09,319 Speaker 1: a batch of data that suggests a possible slowdown and 208 00:12:09,400 --> 00:12:13,839 Speaker 1: economic growth. Treasuries edged higher, the SPI index retreated from 209 00:12:13,840 --> 00:12:16,800 Speaker 1: an all time high, while the dal Jones Industrial average 210 00:12:16,800 --> 00:12:23,880 Speaker 1: fellback below thirty thousand. Here to help break down what 211 00:12:24,200 --> 00:12:30,760 Speaker 1: exactly happened in the markets today, UH is our next guest, 212 00:12:30,840 --> 00:12:33,679 Speaker 1: and I have to be candid. I am wondering by 213 00:12:33,760 --> 00:12:36,680 Speaker 1: our there we haven't. We do have Vincent on the line, 214 00:12:36,679 --> 00:12:42,160 Speaker 1: Bloomberg News Global macro strategist Vincent Signarella. It's the Italians 215 00:12:42,160 --> 00:12:46,160 Speaker 1: on Thanksgiving ease Eve. Vincent, what happened in the markets today. 216 00:12:46,200 --> 00:12:51,440 Speaker 1: Thanks for being here. What's what's well? Are you gonna do? Okay, 217 00:12:51,559 --> 00:12:53,760 Speaker 1: I'm already getting off track. First tell us about the markets, 218 00:12:53,760 --> 00:12:56,760 Speaker 1: and then I'll get off track. Sure. Well, I think 219 00:12:56,760 --> 00:12:58,319 Speaker 1: what we saw today was a little bit of profit 220 00:12:58,360 --> 00:13:00,840 Speaker 1: taking ahead of the holiday. Pretty smart move, you know, 221 00:13:00,880 --> 00:13:03,520 Speaker 1: the the expression on the streets bulls and bulls and 222 00:13:03,760 --> 00:13:07,319 Speaker 1: bears make make money and things gets watered. So we've 223 00:13:07,360 --> 00:13:10,800 Speaker 1: had a huge runoff obviously, doubt thirty thousand, nice long 224 00:13:10,840 --> 00:13:13,200 Speaker 1: weekend ahead of us, any kind of news could come 225 00:13:13,200 --> 00:13:16,240 Speaker 1: out with traders off the desks, and I think we 226 00:13:16,320 --> 00:13:18,240 Speaker 1: just saw, like you said, the rotation back to the 227 00:13:18,280 --> 00:13:20,960 Speaker 1: stay at home, But more likely that was a rotation 228 00:13:21,679 --> 00:13:25,040 Speaker 1: out of very profitable trades and just taking some, taking 229 00:13:25,080 --> 00:13:27,720 Speaker 1: some off the table. Edited to the weekend, Slea Mosen, 230 00:13:27,720 --> 00:13:30,760 Speaker 1: who spoke with Treasury Secretary Stephen the Nutan just putting 231 00:13:30,760 --> 00:13:33,720 Speaker 1: out a headline that there will be the next stock 232 00:13:33,800 --> 00:13:36,319 Speaker 1: meeting on December three. Let's stick with Sleah's reporting from 233 00:13:36,320 --> 00:13:39,520 Speaker 1: today because she spoke with Treasury Secretary Stephen Nuan, who 234 00:13:39,559 --> 00:13:44,280 Speaker 1: is pushing back Vincent against claims that he has a testy, 235 00:13:44,520 --> 00:13:50,080 Speaker 1: difficult relationship with FED Chairman j Powell as a result 236 00:13:50,160 --> 00:13:52,680 Speaker 1: of the funds that he is requesting back from the 237 00:13:52,760 --> 00:13:55,000 Speaker 1: Central Bank, that would make it more difficult to be 238 00:13:55,080 --> 00:14:01,560 Speaker 1: honest for his likely successor former FETE could soon be 239 00:14:02,040 --> 00:14:04,920 Speaker 1: she's in that title, uh, back and forth. No one 240 00:14:04,920 --> 00:14:08,240 Speaker 1: knows what the title is right now for Treasury Secretary 241 00:14:08,320 --> 00:14:12,240 Speaker 1: Janet Yellen. And so what's your reaction, I mean from 242 00:14:12,280 --> 00:14:15,840 Speaker 1: from Sola's interview today with with Stephen Manusian about this 243 00:14:15,960 --> 00:14:18,839 Speaker 1: emerging dynamic that's emerged here in Washington, d c. A 244 00:14:18,920 --> 00:14:24,160 Speaker 1: Republicans saying the lending facility program cash should have to 245 00:14:24,160 --> 00:14:27,560 Speaker 1: get congressional approval, and Democrats saying why not just use 246 00:14:27,560 --> 00:14:30,600 Speaker 1: it now? And Chairman pal saying that as well. Well, 247 00:14:30,640 --> 00:14:32,480 Speaker 1: you know, I think there's a little bit of two 248 00:14:32,600 --> 00:14:34,960 Speaker 1: arguments on the subject. One is a little bit more political, 249 00:14:35,480 --> 00:14:38,080 Speaker 1: saying that manutition is doing this, uh to tie the 250 00:14:38,120 --> 00:14:40,880 Speaker 1: hands of yelling as she comes in. Law of traders 251 00:14:40,880 --> 00:14:43,320 Speaker 1: are looking at this is saying what the money was 252 00:14:43,360 --> 00:14:46,720 Speaker 1: gathering dust? It was doing nothing, so might as well 253 00:14:46,760 --> 00:14:49,040 Speaker 1: put it in a position where it could ultimately be used. 254 00:14:49,320 --> 00:14:53,240 Speaker 1: And in terms of needing congressional approval, I don't see 255 00:14:53,240 --> 00:14:55,280 Speaker 1: a democratic converse is going to give anybody in the 256 00:14:55,360 --> 00:14:58,880 Speaker 1: body administration any trouble. Nor do I see that number 257 00:14:59,080 --> 00:15:02,400 Speaker 1: less than vision it's going to give the Senate any trouble. 258 00:15:02,440 --> 00:15:04,320 Speaker 1: I mean, that's kind of the number that they wanted 259 00:15:04,360 --> 00:15:07,240 Speaker 1: to use anyway. So UM, I think that's going to 260 00:15:07,280 --> 00:15:09,400 Speaker 1: be the least of the problems going forward. The real 261 00:15:09,480 --> 00:15:12,720 Speaker 1: problem going forward is whether or not um the Senate 262 00:15:12,960 --> 00:15:16,440 Speaker 1: stays red or flips to a blue wave, and what 263 00:15:16,560 --> 00:15:19,480 Speaker 1: type of negotiations are going to take place regarding the 264 00:15:19,520 --> 00:15:22,000 Speaker 1: simulus when the day after Christmas, the real stimulus, the 265 00:15:22,080 --> 00:15:24,840 Speaker 1: Cares Act, the Cares Bill expires. That that's going to 266 00:15:24,920 --> 00:15:26,920 Speaker 1: be the big problem with the Street. We also got 267 00:15:26,920 --> 00:15:31,080 Speaker 1: some minutes from the Federal Reserve's latest meeting. What do 268 00:15:31,120 --> 00:15:34,400 Speaker 1: we know about the Fed minutes? They pretty much didn't 269 00:15:34,400 --> 00:15:36,440 Speaker 1: tell us anything we kind of already didn't know. They 270 00:15:36,480 --> 00:15:40,440 Speaker 1: mentioned their flexibility that they would obviously be willing to 271 00:15:40,440 --> 00:15:44,760 Speaker 1: step up purchases and extend maturities if if the situation worsened. 272 00:15:45,120 --> 00:15:48,120 Speaker 1: I think people expected that it would have been a 273 00:15:48,120 --> 00:15:50,160 Speaker 1: surprise that they announced some sort of step up and 274 00:15:50,160 --> 00:15:53,040 Speaker 1: purchases today. That was what the Street was actually looking for. 275 00:15:53,080 --> 00:15:55,720 Speaker 1: Which um, not not so much looking for. But that 276 00:15:55,760 --> 00:15:57,360 Speaker 1: would have been the surprise we've been looking for and 277 00:15:57,400 --> 00:16:00,760 Speaker 1: it obviously didn't happen. Um. I think they've really just 278 00:16:00,840 --> 00:16:05,000 Speaker 1: emphasized their data dependence, market dependence, virus dependence. On what 279 00:16:05,120 --> 00:16:07,040 Speaker 1: happens over the next few months is to how they 280 00:16:07,080 --> 00:16:09,240 Speaker 1: will handle this. But you know, again, going back to 281 00:16:09,280 --> 00:16:11,440 Speaker 1: my earlier point, all the bond buying in the world 282 00:16:11,480 --> 00:16:14,120 Speaker 1: isn't going to get people off food lines. So the 283 00:16:14,560 --> 00:16:19,440 Speaker 1: real realit mar incoming winter. As much as we love 284 00:16:19,520 --> 00:16:22,120 Speaker 1: the idea of a vaccine coming in the spring to 285 00:16:22,280 --> 00:16:25,000 Speaker 1: help us, still got three to four ugly months ahead 286 00:16:25,000 --> 00:16:28,880 Speaker 1: of us to deal with. First, Vincent Signarella is on 287 00:16:28,920 --> 00:16:32,920 Speaker 1: the line talking to Kevin s really the Italians on Turkey, 288 00:16:32,960 --> 00:16:36,920 Speaker 1: Eve Bloomberg News Global macro strategist Vincent Signerella, what part 289 00:16:36,920 --> 00:16:40,280 Speaker 1: of it, La, do you know? My uh, my relatives 290 00:16:40,280 --> 00:16:45,280 Speaker 1: come from southern Italy, Naples and Collabria. Fancy Okay, I'm 291 00:16:45,360 --> 00:16:49,640 Speaker 1: from Brutzi, not me personally, the relatives so well. Actually, 292 00:16:49,640 --> 00:16:52,160 Speaker 1: one of my grandparents is am there as well. I 293 00:16:52,200 --> 00:16:54,920 Speaker 1: love that. See, I've never been for went back when 294 00:16:54,920 --> 00:16:57,440 Speaker 1: we got to travel, remember those days Washington, We used 295 00:16:57,440 --> 00:16:59,760 Speaker 1: to be able to travel. And I was on assignment 296 00:17:00,040 --> 00:17:02,520 Speaker 1: uh uh in Italy for one of the summits that 297 00:17:02,560 --> 00:17:05,040 Speaker 1: they did, and uh, you know, all the world leaders Trump, 298 00:17:05,119 --> 00:17:07,359 Speaker 1: President Trump and the world leaders, they all got together 299 00:17:07,600 --> 00:17:09,120 Speaker 1: and I got to go through Italy and I run 300 00:17:09,160 --> 00:17:11,679 Speaker 1: into Sean Spicer and the lobby of the hotel and 301 00:17:11,720 --> 00:17:13,560 Speaker 1: I go, he goes, sure, he goes, Kevin, what are 302 00:17:13,560 --> 00:17:15,199 Speaker 1: you about to do? I'm dressing my running gear. You 303 00:17:15,200 --> 00:17:17,399 Speaker 1: know I go running sometimes, and uh that's all I 304 00:17:17,440 --> 00:17:18,879 Speaker 1: can do. And d see now that the shutting down 305 00:17:18,920 --> 00:17:22,159 Speaker 1: the gyms and uh, and I said, I'm going to 306 00:17:22,280 --> 00:17:24,440 Speaker 1: run through it, like I don't know, like I I got, 307 00:17:24,720 --> 00:17:26,440 Speaker 1: I got a free trip to Italy. I'm gonna I'm 308 00:17:26,440 --> 00:17:29,119 Speaker 1: gonna take it. So I love the Italian food. And 309 00:17:29,160 --> 00:17:32,320 Speaker 1: do you do see now Christine Barrader, executive producer, is 310 00:17:32,320 --> 00:17:34,440 Speaker 1: thinking raining and keV. But I got one more question 311 00:17:34,440 --> 00:17:39,480 Speaker 1: on the Italians. Do you do pork or sausage for Thanksgiving? 312 00:17:40,800 --> 00:17:42,760 Speaker 1: I'm not gonna do it this time, but typically I 313 00:17:42,840 --> 00:17:45,440 Speaker 1: personally make what we New York. The Itian is called 314 00:17:45,440 --> 00:17:49,320 Speaker 1: gravy knock, So yeah, the real gravy hey pork and 315 00:17:49,400 --> 00:17:53,120 Speaker 1: deo meat ball. Sorry for the deal lovers out there. 316 00:17:54,080 --> 00:17:58,640 Speaker 1: I love Phil with cossage and pork ribs and oh 317 00:17:58,680 --> 00:18:01,040 Speaker 1: my god, let that cook for about two three hours 318 00:18:01,080 --> 00:18:05,120 Speaker 1: and favorite are you okay? First of all, I gotta 319 00:18:05,160 --> 00:18:06,960 Speaker 1: say it's not just a New York Italian thing, because 320 00:18:07,000 --> 00:18:09,240 Speaker 1: we also doubt and Philly we would call it gravy. 321 00:18:09,480 --> 00:18:11,840 Speaker 1: And the second of all, do you do the seven fishes? 322 00:18:11,880 --> 00:18:14,800 Speaker 1: We gotta have you back on the next time for 323 00:18:14,920 --> 00:18:18,720 Speaker 1: decent for Christmas Eve. Uh my, actually my family does. 324 00:18:18,760 --> 00:18:21,280 Speaker 1: I don't. I don't personally do that, um, but I 325 00:18:21,320 --> 00:18:23,720 Speaker 1: do participate in that. Yes, I miss it. I wish 326 00:18:23,760 --> 00:18:25,439 Speaker 1: hopefully this will all be over. Who knows. All right, 327 00:18:25,520 --> 00:18:28,040 Speaker 1: let's play Peter Navarro on fiscal relief so I can 328 00:18:28,160 --> 00:18:31,200 Speaker 1: end on a on a policy note. Uh Maruf Maruf 329 00:18:31,200 --> 00:18:33,639 Speaker 1: will play the marufal to my ears. He's on the boards. 330 00:18:33,880 --> 00:18:36,760 Speaker 1: Peter Navarro on fiscal relief. Here is is we can 331 00:18:36,840 --> 00:18:39,920 Speaker 1: see what's coming. And if we can see what's coming 332 00:18:40,200 --> 00:18:43,080 Speaker 1: and it's bad, we need to be able to avoid it. 333 00:18:43,119 --> 00:18:46,040 Speaker 1: And the way to avoid it is to is basically 334 00:18:46,119 --> 00:18:49,439 Speaker 1: hit those three points of the compass in a phase 335 00:18:49,480 --> 00:18:52,240 Speaker 1: four deal, which is the was the p PP small 336 00:18:52,280 --> 00:18:56,320 Speaker 1: business loans, a stimulus check, and a more relief for 337 00:18:56,440 --> 00:18:59,879 Speaker 1: unemployed workers. And if we don't do that, there's going 338 00:19:00,000 --> 00:19:04,360 Speaker 1: to be a lot of pain um in America. That 339 00:19:04,480 --> 00:19:07,919 Speaker 1: was Peter Navarro. Quickly, quickly, Vincent Signarella, Yes or no 340 00:19:08,000 --> 00:19:12,400 Speaker 1: fiscal relief by the end of the year. Yeah, your name? Now? 341 00:19:13,480 --> 00:19:15,920 Speaker 1: Did we let him go? I'm Kevin s really Moore. Next, 342 00:19:15,960 --> 00:19:32,040 Speaker 1: this is Bloomberg nine than I one live from our nation. 343 00:19:32,600 --> 00:19:35,160 Speaker 1: I'll talk here in Washington, d C. Turns to President 344 00:19:35,200 --> 00:19:38,840 Speaker 1: elect Joe Biden's administration. Historically speaking, the markets have performed 345 00:19:38,880 --> 00:19:41,960 Speaker 1: better when there is divided government. The biggest pressure for 346 00:19:42,040 --> 00:19:45,720 Speaker 1: physical stimulus is an up taking cases. Bloomberg sound on 347 00:19:46,040 --> 00:19:50,560 Speaker 1: the insiders, the influencers, the inside siding has promised again 348 00:19:50,600 --> 00:19:53,800 Speaker 1: and again they he will unite the country's state government's 349 00:19:53,800 --> 00:19:56,399 Speaker 1: control elections, US in the constitution. I think that we 350 00:19:56,480 --> 00:20:01,400 Speaker 1: can expect a smooth, thoughtful, methodical transition. This is Bloomberg 351 00:20:01,600 --> 00:20:11,560 Speaker 1: Sound on Bloomberg breaking news. President Trump has pardoned Michael Flynn. 352 00:20:11,640 --> 00:20:15,160 Speaker 1: He made the announcement via tweet. We've got complete analysis 353 00:20:15,240 --> 00:20:19,240 Speaker 1: and reaction. This as President Trump also calling in to 354 00:20:19,320 --> 00:20:23,879 Speaker 1: Rudy Giuliani's event in Pennsylvania as President elect Joe Biden 355 00:20:24,119 --> 00:20:26,920 Speaker 1: seeks to calm the nation on Thanksgiving. Eve A lot 356 00:20:26,960 --> 00:20:29,560 Speaker 1: to get through an all star panel and I check 357 00:20:29,640 --> 00:20:32,280 Speaker 1: in with Tammy Hadad. I want to wish everybody a 358 00:20:32,400 --> 00:20:36,880 Speaker 1: truly happy, happy, happy Thanksgiving, and thank you for listening. 359 00:20:36,920 --> 00:20:39,879 Speaker 1: And I'm incredibly thankful for the audience and for everyone 360 00:20:39,920 --> 00:20:43,280 Speaker 1: who has uh buckled up every day as we've continued 361 00:20:43,359 --> 00:20:46,960 Speaker 1: onward with this program. And and I'm also thankful I 362 00:20:47,000 --> 00:20:49,919 Speaker 1: gotta say for our entire team leat of course by 363 00:20:49,960 --> 00:20:56,520 Speaker 1: our executive producer, Christine Barrada, Matthew, Shirley, Marufal on the boards, 364 00:20:56,640 --> 00:20:59,560 Speaker 1: maruf who's saying uh and of course everyone else that 365 00:20:59,680 --> 00:21:01,879 Speaker 1: is part of the sound on Family. All right, thank you, 366 00:21:01,920 --> 00:21:03,600 Speaker 1: thank you, thank you. We'll talk about that coming up 367 00:21:03,600 --> 00:21:06,320 Speaker 1: with Tammy Hadad, my good friend, another friend that I'm 368 00:21:06,320 --> 00:21:08,040 Speaker 1: thankful for at the end of the program. But we 369 00:21:08,080 --> 00:21:11,600 Speaker 1: begin tonight with breaking news. President Donald Trump said he 370 00:21:11,640 --> 00:21:15,800 Speaker 1: has pardoned Michael Flynn, his first national security advisor, who 371 00:21:15,880 --> 00:21:19,439 Speaker 1: had pleaded guilty to lying to FBI agents about his 372 00:21:19,520 --> 00:21:23,119 Speaker 1: conversation with the Russian ambassador to the United States. The 373 00:21:23,160 --> 00:21:26,919 Speaker 1: President made the announcement Wednesday on Twitter. Just within the 374 00:21:26,960 --> 00:21:29,480 Speaker 1: last couple of hours, it is my great honor to 375 00:21:29,520 --> 00:21:32,960 Speaker 1: announce that General Michael T. Flynn has been granted a 376 00:21:33,040 --> 00:21:37,240 Speaker 1: full pardon. Congratulations to General Flynn and his wonderful family. 377 00:21:37,640 --> 00:21:41,680 Speaker 1: I know you will now have a truly fantastic Thanksgiving now. 378 00:21:41,720 --> 00:21:45,880 Speaker 1: This news was met with criticism immediately. Congressman Adam Schiff 379 00:21:45,880 --> 00:21:50,080 Speaker 1: of California, the chairman of the Democratic controlled House Intelligence Committee, 380 00:21:50,240 --> 00:21:52,600 Speaker 1: said that there is no doubt that a president has 381 00:21:52,640 --> 00:21:55,720 Speaker 1: broad power to confer pardons, but when they are deployed 382 00:21:55,760 --> 00:21:59,640 Speaker 1: to insulate himself, his family, and his associates from criminal 383 00:21:59,680 --> 00:22:03,359 Speaker 1: investor stigation, it is a corruption of the Framers intent. 384 00:22:03,840 --> 00:22:07,600 Speaker 1: We have sound on the transition. As President elect Joe 385 00:22:07,600 --> 00:22:11,919 Speaker 1: Biden gave a Thanksgiving address to the nation amid the pandemic. 386 00:22:12,440 --> 00:22:15,960 Speaker 1: This as a talks between his administration and the Trump 387 00:22:16,000 --> 00:22:20,239 Speaker 1: administration began within the last twenty four hours on the 388 00:22:20,280 --> 00:22:24,719 Speaker 1: coronavirus an operation warp Speed. Here's President Elect Joe Biden. 389 00:22:25,520 --> 00:22:27,840 Speaker 1: Sounds trite to say, but we're all in this together. 390 00:22:29,240 --> 00:22:31,440 Speaker 1: For so many of us, it's hard to hear. This 391 00:22:31,480 --> 00:22:36,399 Speaker 1: fight isn't over. We still have months of this battle ahead. 392 00:22:36,400 --> 00:22:39,399 Speaker 1: Of US. This as President Trump made a call into 393 00:22:39,400 --> 00:22:43,800 Speaker 1: a handful of Pennsylvania state Republican lawmakers earlier today as 394 00:22:43,800 --> 00:22:46,920 Speaker 1: he said that the election should have been in his favor. 395 00:22:47,240 --> 00:22:51,040 Speaker 1: He continued to push his claims with regards to voting irregularities, 396 00:22:51,080 --> 00:22:54,399 Speaker 1: and he thanked his personal attorney Rudy Giuliani for standing 397 00:22:54,440 --> 00:22:57,040 Speaker 1: by him. I don't want to thank Rudy Giuliani for 398 00:22:57,160 --> 00:23:06,240 Speaker 1: having the courage they were being. Meanwhile, Joe Biden and 399 00:23:06,359 --> 00:23:09,800 Speaker 1: Vice President elect Kamala Harris are scheduled. We're scheduled to 400 00:23:09,840 --> 00:23:13,639 Speaker 1: get their first presidential daily briefing on Monday. That word 401 00:23:13,680 --> 00:23:17,679 Speaker 1: today Wednesday from the Biden transition team. Here's Jensaki, a 402 00:23:17,720 --> 00:23:20,800 Speaker 1: frequent guest of this program. We do not feel that 403 00:23:21,200 --> 00:23:24,560 Speaker 1: it is necessary for a president like Biden to speak 404 00:23:24,560 --> 00:23:27,080 Speaker 1: with President Trump in order to get that information. We 405 00:23:27,119 --> 00:23:29,680 Speaker 1: believe that we've been getting the information that that our 406 00:23:29,720 --> 00:23:33,160 Speaker 1: teams need, and there you have it. That's where things stand. 407 00:23:33,240 --> 00:23:36,959 Speaker 1: A thawing of tensions somewhat in terms of the transition 408 00:23:37,000 --> 00:23:40,200 Speaker 1: issue and the briefings, but no doubt some new wrinkles 409 00:23:40,200 --> 00:23:42,720 Speaker 1: in the conversation. As again that breaking new is the 410 00:23:42,720 --> 00:23:45,960 Speaker 1: President announcing via tweet that he is pardoning General Flynn. 411 00:23:46,000 --> 00:23:49,000 Speaker 1: Richard Fowler's with me, nationally syndicated radio show host and 412 00:23:49,040 --> 00:23:52,479 Speaker 1: a Fox News contributor, a Democratic insider better than anyone. 413 00:23:52,760 --> 00:23:57,000 Speaker 1: Sarah Chamberlain, President and CEO of Republican Main Street Partnership, 414 00:23:57,200 --> 00:24:00,639 Speaker 1: which promotes centrist Republicans. Richard, want to begin with you. 415 00:24:00,680 --> 00:24:03,640 Speaker 1: I want your reaction tonight to General Flynn getting pardoned 416 00:24:03,680 --> 00:24:07,480 Speaker 1: on Thanksgiving Eve. Look, I mean, the President has the 417 00:24:07,480 --> 00:24:10,399 Speaker 1: power to parton whoever he would like. That's his constitutional right. 418 00:24:10,440 --> 00:24:13,080 Speaker 1: Do I agree with this party? No? But am I 419 00:24:13,119 --> 00:24:15,680 Speaker 1: going to sit here and you know, cry over spilt milk. 420 00:24:15,720 --> 00:24:19,320 Speaker 1: Absolutely not. If the President wants to pardon General Flynn, 421 00:24:19,359 --> 00:24:21,359 Speaker 1: so be it. I think at this point in time, 422 00:24:21,440 --> 00:24:23,440 Speaker 1: the more important thing we should be really focused on 423 00:24:23,960 --> 00:24:26,800 Speaker 1: is what the Biden transition looks like and how we 424 00:24:26,920 --> 00:24:29,359 Speaker 1: move the country forward. I gotta say I'm surprised at 425 00:24:29,400 --> 00:24:31,480 Speaker 1: Richard's response. You know, he must be in the Turkey 426 00:24:31,520 --> 00:24:33,639 Speaker 1: Coma ahead of all of us, because I was not 427 00:24:33,800 --> 00:24:37,080 Speaker 1: expecting Richard Foller to be so calm about the partnering 428 00:24:37,480 --> 00:24:41,280 Speaker 1: of General Flynn. Sarah Chamberlain, I want your reaction as well. Okay, 429 00:24:41,280 --> 00:24:44,960 Speaker 1: So I'm gonna find myself agreeing with him obviously. I mean, 430 00:24:45,240 --> 00:24:47,560 Speaker 1: if the president gets the partner anyone he wants that 431 00:24:47,920 --> 00:24:51,399 Speaker 1: elections have consequences, he partnered them, and I to be 432 00:24:51,440 --> 00:24:53,240 Speaker 1: honest with I think this is just the first. Is 433 00:24:53,320 --> 00:24:56,600 Speaker 1: many more to come, and it's not surprising. I mean 434 00:24:56,640 --> 00:24:59,560 Speaker 1: that the President has been has been saying for weeks. 435 00:24:59,600 --> 00:25:02,400 Speaker 1: He was are you going to do this? Christie brodder 436 00:25:02,520 --> 00:25:05,639 Speaker 1: ep just I beat me on the internal Bloomberg terminal 437 00:25:05,720 --> 00:25:07,840 Speaker 1: chat line and she goes. I thought the same, big Richard, 438 00:25:07,880 --> 00:25:10,760 Speaker 1: Are you okay? We were expecting Richard Fowler to bring 439 00:25:10,840 --> 00:25:13,280 Speaker 1: some of the some of the heat there. Richard. No. 440 00:25:13,400 --> 00:25:15,920 Speaker 1: I mean, let's be very clear. Now he's back. Now 441 00:25:15,960 --> 00:25:18,680 Speaker 1: he's back, buck a lot, don't know. I mean, I'm 442 00:25:18,680 --> 00:25:21,879 Speaker 1: not gonna I'm not reversing my position at all. For example, 443 00:25:21,960 --> 00:25:24,200 Speaker 1: we should expect to see this part and I would 444 00:25:24,200 --> 00:25:27,480 Speaker 1: not be surprised if more Trump campaign associates who were 445 00:25:27,800 --> 00:25:30,520 Speaker 1: found guarante and the Mueller who were found guilty in 446 00:25:30,560 --> 00:25:33,679 Speaker 1: the Mueller investigation continue to get pardon. The President has 447 00:25:33,720 --> 00:25:35,640 Speaker 1: thought from the beginning, this is the witch hunt. Even 448 00:25:35,680 --> 00:25:39,000 Speaker 1: though there is a three page document produced by mula 449 00:25:39,040 --> 00:25:41,040 Speaker 1: that shows that it's not that sort of talks about 450 00:25:41,040 --> 00:25:43,960 Speaker 1: how him and his team obstructed justice about how they 451 00:25:44,000 --> 00:25:46,440 Speaker 1: lied to the FBI. If he wants to pardon them, 452 00:25:46,440 --> 00:25:47,959 Speaker 1: then he should. He has the right to do so. 453 00:25:48,040 --> 00:25:50,400 Speaker 1: I think this is just a moment for people to realize. 454 00:25:50,600 --> 00:25:53,040 Speaker 1: This is probably one of the reasons why for Republicans 455 00:25:53,119 --> 00:25:55,680 Speaker 1: understand he didn't win reelection is because of the folks 456 00:25:55,640 --> 00:25:57,720 Speaker 1: who hung out with well and Maggie is out in 457 00:25:57,760 --> 00:26:00,520 Speaker 1: the New York Times saying already that more gardens are 458 00:26:00,560 --> 00:26:04,080 Speaker 1: being planned. Of course, markets not h blinking on this news, 459 00:26:04,640 --> 00:26:07,400 Speaker 1: but it's going to be fascinating to see the commonalities 460 00:26:07,400 --> 00:26:10,359 Speaker 1: that emerge in the weeks ahead, you know. And and 461 00:26:10,400 --> 00:26:12,040 Speaker 1: coming up, I'll play you a portion of my interview 462 00:26:12,040 --> 00:26:15,159 Speaker 1: with Peter Navarro that I did earlier today. But in 463 00:26:15,240 --> 00:26:18,080 Speaker 1: terms of the transition, Sarah Chamberlain, I mean, the dominant 464 00:26:18,080 --> 00:26:22,760 Speaker 1: market reaction, especially with the dowb going over thirty thousand yesterday, 465 00:26:22,960 --> 00:26:26,600 Speaker 1: really came because of the developments with regards to who 466 00:26:26,800 --> 00:26:31,680 Speaker 1: who president whom, whom whom President elect Joe Biden has 467 00:26:31,760 --> 00:26:34,639 Speaker 1: named for his national security picks in the cabinet, and 468 00:26:34,640 --> 00:26:37,000 Speaker 1: of course Janet Yellen being named Treasury You, as a 469 00:26:37,000 --> 00:26:40,080 Speaker 1: centrist Republican, do you think that this is the right 470 00:26:40,119 --> 00:26:44,959 Speaker 1: direction that the president elect is taking his administration in? Absolutely, 471 00:26:44,960 --> 00:26:47,800 Speaker 1: without question, and as a woman, it's especially nice to 472 00:26:47,840 --> 00:26:51,440 Speaker 1: see the first female not only vice president but secretary 473 00:26:51,440 --> 00:26:54,760 Speaker 1: of the Treasury. But I think that the American America 474 00:26:54,960 --> 00:26:57,440 Speaker 1: will calm down a little bit. It's been kind of crazy, 475 00:26:57,560 --> 00:26:59,720 Speaker 1: and as I talked to centrist around the country, that's 476 00:26:59,720 --> 00:27:02,480 Speaker 1: what they're looking for, the looking for calm. And I 477 00:27:02,520 --> 00:27:05,080 Speaker 1: think the market absolutely show that at a thirty thou 478 00:27:05,400 --> 00:27:07,720 Speaker 1: plus and I think it's great. It went down a 479 00:27:07,760 --> 00:27:10,640 Speaker 1: little bit today, but it's a it's a very good sign. 480 00:27:11,080 --> 00:27:14,280 Speaker 1: And just to follow up on that particular point, as 481 00:27:14,440 --> 00:27:17,679 Speaker 1: you know, I mean, Republicans likely will have control of 482 00:27:17,720 --> 00:27:20,960 Speaker 1: the Senate. I remember covering Yellin's confirmation hearing to the 483 00:27:21,000 --> 00:27:23,959 Speaker 1: Central Bank in two thousand and thirteen. Uh. Do you 484 00:27:24,000 --> 00:27:28,440 Speaker 1: anticipate that Yelling will face any Republican challenges uh during 485 00:27:28,440 --> 00:27:32,840 Speaker 1: her confirmation process or do you think it's pretty smooth sailing. Okay, Well, 486 00:27:32,880 --> 00:27:35,080 Speaker 1: that's a great question. And I actually think there's a 487 00:27:35,080 --> 00:27:37,080 Speaker 1: couple of senators sitting there that are going to run 488 00:27:37,080 --> 00:27:39,520 Speaker 1: for president, so they may challenge her a little bit, 489 00:27:39,840 --> 00:27:43,000 Speaker 1: but as far as history goes, I'm not sure they 490 00:27:43,000 --> 00:27:45,399 Speaker 1: want to be on the wrong side of history about 491 00:27:45,440 --> 00:27:49,520 Speaker 1: not voting for her. I mean, she's obviously very confident, 492 00:27:49,680 --> 00:27:52,280 Speaker 1: and as they said, as the first female I would 493 00:27:52,359 --> 00:27:54,760 Speaker 1: think that they may challenge her a little bit, ultimately 494 00:27:54,840 --> 00:27:57,679 Speaker 1: end up voting for her and she'll be shall be 495 00:27:57,720 --> 00:28:01,360 Speaker 1: confirmed I think pretty easily. Just remarkable, just absolutely remarkable. 496 00:28:01,440 --> 00:28:06,200 Speaker 1: She was confirmed in January of two thousand and fourteen. 497 00:28:06,320 --> 00:28:10,800 Speaker 1: The vote was fifty six to six at the time, 498 00:28:10,880 --> 00:28:15,200 Speaker 1: and she won resounding support from Democrats, but eleven Republicans 499 00:28:15,960 --> 00:28:19,840 Speaker 1: voted for her confirmation. Eleven Republicans of Kevin s really 500 00:28:19,880 --> 00:28:21,880 Speaker 1: much more. Next with the panel, you're listening to Bloomberg. 501 00:28:40,480 --> 00:28:45,040 Speaker 1: This is Bloomberg's Sound On with Kevin Surreley on Bloomberg 502 00:28:46,160 --> 00:28:48,560 Speaker 1: and One All five point seven m h D two. 503 00:28:49,160 --> 00:28:51,640 Speaker 1: I'm Kevin Surley. I'm the Chief Washington correspondent from Blomberg 504 00:28:51,680 --> 00:28:55,560 Speaker 1: TV and Radio. Joined by an amazing, amazing Thanksgiving Eve 505 00:28:55,640 --> 00:29:00,400 Speaker 1: panel Richard Fowler, are Democratic insider, Sarah Chamberlin, President CEO 506 00:29:00,520 --> 00:29:04,520 Speaker 1: of Republican Main Street Partnership, which promotes centrist Republicans. Okay, 507 00:29:04,520 --> 00:29:07,000 Speaker 1: because I'm a nerd, and because I can, I just 508 00:29:07,080 --> 00:29:09,520 Speaker 1: I'm a nerd. I went on to uh the Senate 509 00:29:09,560 --> 00:29:11,280 Speaker 1: dot gov, and I went back to the roll call 510 00:29:11,400 --> 00:29:18,200 Speaker 1: vote for Janet Yellen's confirmation hearing back on the Congress 511 00:29:18,240 --> 00:29:22,640 Speaker 1: Second Session, which of course occurred a January six, two 512 00:29:22,640 --> 00:29:25,640 Speaker 1: thousand fourteen, at about five thirty pm Eastern, and I 513 00:29:25,680 --> 00:29:29,560 Speaker 1: looked up the eleven Republicans who voted to confirm her. 514 00:29:29,720 --> 00:29:33,440 Speaker 1: Most of them are no longer in office. But here's 515 00:29:33,480 --> 00:29:36,120 Speaker 1: some interesting facts, because every vote will count when there 516 00:29:36,200 --> 00:29:38,520 Speaker 1: is a Republican controlled Senate. And Janet Yellen has been 517 00:29:38,520 --> 00:29:43,840 Speaker 1: nominated to the b Treasury Secretary for President elect Joe Biden, 518 00:29:44,120 --> 00:29:46,800 Speaker 1: which were formally anticipating will come next week, but it's 519 00:29:46,800 --> 00:29:51,560 Speaker 1: been widely reported now. Uh. Susan Collins. Susan Collins voted 520 00:29:52,080 --> 00:29:58,280 Speaker 1: yes or yea uh. And guess who didn't vote, Sarah Chamberlain. 521 00:29:58,320 --> 00:30:07,040 Speaker 1: Guests who didn't vote, Lindsay Graham. Lindsay Graham. Oh, guess 522 00:30:07,360 --> 00:30:09,080 Speaker 1: but it's gonna be. I mean, he's going to be 523 00:30:09,120 --> 00:30:15,440 Speaker 1: an incredibly important vote on on this particular issue. You know. 524 00:30:15,520 --> 00:30:19,640 Speaker 1: Jeff Flake voted to supporter Jeff Lake's gone. Uh. Kelly 525 00:30:19,680 --> 00:30:24,000 Speaker 1: Ayott voted to supporter. Kelly Ayott's gone. Lamar Alexander voted 526 00:30:24,080 --> 00:30:27,480 Speaker 1: to supporter. You know, I mean it's it's a different senate. 527 00:30:27,840 --> 00:30:31,600 Speaker 1: Richard Burr voted a supporter. Richard Burr's gone. I mean 528 00:30:31,680 --> 00:30:35,280 Speaker 1: it's this is gonna be a fascinating, fascinating dynamic as 529 00:30:35,400 --> 00:30:39,400 Speaker 1: it emerges. Sarah is actually Richard Burr is still there, 530 00:30:39,800 --> 00:30:46,080 Speaker 1: Richard Richard. Sorry, Richard, go ahead. But I think you 531 00:30:46,400 --> 00:30:48,719 Speaker 1: might see some additional ones that have come in. Um 532 00:30:48,800 --> 00:30:52,400 Speaker 1: that was supporter you, Lisa Mkowski. I think you. I 533 00:30:52,480 --> 00:30:55,520 Speaker 1: think you're gonna see as I said, I really she's very, 534 00:30:55,800 --> 00:30:59,960 Speaker 1: very qualified. And I just don't see with the important 535 00:31:00,200 --> 00:31:03,600 Speaker 1: that women especially played in the last selection, why you 536 00:31:03,640 --> 00:31:07,680 Speaker 1: want to alienate them by by not appointing the first, um, 537 00:31:08,000 --> 00:31:10,920 Speaker 1: you know, female sector of the treasury. I think it's 538 00:31:10,920 --> 00:31:12,520 Speaker 1: gonna be as I said her. I think it's going 539 00:31:12,560 --> 00:31:14,520 Speaker 1: to be a little bit controversial. I think they're gonna 540 00:31:14,600 --> 00:31:16,479 Speaker 1: put her some of them men are going to put 541 00:31:16,560 --> 00:31:18,840 Speaker 1: us through the ringer, but ultimately I think she will 542 00:31:18,840 --> 00:31:21,920 Speaker 1: get confirmed. Well. And to your point, Murkowski voter for guests. 543 00:31:22,040 --> 00:31:24,600 Speaker 1: Rob Portman did not vote, so I mean there's another 544 00:31:24,680 --> 00:31:27,320 Speaker 1: likely vote that she could pick up as as well. 545 00:31:27,440 --> 00:31:31,000 Speaker 1: This is just fascinating because you know, I hear this 546 00:31:31,240 --> 00:31:33,400 Speaker 1: is inside baseball, but that's what we do here, Richard. 547 00:31:33,560 --> 00:31:38,440 Speaker 1: As you know, um, and typically Republicans want to stop 548 00:31:38,560 --> 00:31:42,560 Speaker 1: or the the opposition party wants to stop maybe maybe one, 549 00:31:42,800 --> 00:31:48,080 Speaker 1: maybe two nominations for moving forward? Do you think I mean, 550 00:31:48,120 --> 00:31:49,760 Speaker 1: I hear what Sarah sayings, so let me put the 551 00:31:49,800 --> 00:31:52,120 Speaker 1: same question to you. Do you think Republicans will try 552 00:31:52,200 --> 00:31:54,760 Speaker 1: to make the Treasury Secretary position or the State's Department 553 00:31:55,400 --> 00:31:58,920 Speaker 1: position one of those uh walls that they'd like to 554 00:31:59,200 --> 00:32:01,640 Speaker 1: to stop. No, I don't think so at all. I 555 00:32:01,680 --> 00:32:03,840 Speaker 1: think if where you're going to see the Republicans play 556 00:32:03,920 --> 00:32:06,400 Speaker 1: is they're going to try to play on the wedge issues, right, 557 00:32:06,480 --> 00:32:08,680 Speaker 1: so I think they could. I could definitely see a 558 00:32:08,720 --> 00:32:11,880 Speaker 1: battle around the Secretary of Education. I could definitely see 559 00:32:11,920 --> 00:32:14,360 Speaker 1: a battle around the Secretary of Labor. But I think 560 00:32:14,400 --> 00:32:19,080 Speaker 1: it's far right about mayors dhs. I think they're not 561 00:32:19,360 --> 00:32:20,800 Speaker 1: you know, and I think I go back to the 562 00:32:20,880 --> 00:32:23,920 Speaker 1: point that my colleague islayed around the idea of the Republicans, 563 00:32:24,040 --> 00:32:26,880 Speaker 1: especially as the parties begin to start to redefine itself 564 00:32:27,200 --> 00:32:28,880 Speaker 1: that you don't want to be caught on the wrong 565 00:32:28,960 --> 00:32:32,000 Speaker 1: side of history, and having the first Latino man run 566 00:32:32,080 --> 00:32:36,240 Speaker 1: the organization is going to outweigh this. Let's block this 567 00:32:36,360 --> 00:32:38,480 Speaker 1: position just because And I think if we're you know, 568 00:32:38,880 --> 00:32:40,640 Speaker 1: if we're sort of playing a little bit of predicted 569 00:32:40,720 --> 00:32:43,040 Speaker 1: politics here, I think you're gonna see Joe Biden also 570 00:32:43,120 --> 00:32:45,560 Speaker 1: pick uh somebody like a Marsha Fudge to go to 571 00:32:45,600 --> 00:32:48,120 Speaker 1: the Department of Agriculture. This has been that sort of 572 00:32:48,120 --> 00:32:50,520 Speaker 1: announced on the short list, another another first for the 573 00:32:50,560 --> 00:32:53,800 Speaker 1: Biden administration. I want to know where wants to go. 574 00:32:54,080 --> 00:32:56,320 Speaker 1: And I'm curious to see who the U. S. Trade 575 00:32:56,360 --> 00:32:59,120 Speaker 1: representative is because I think that's going to be a fascinating, 576 00:32:59,440 --> 00:33:04,000 Speaker 1: fascinating uh dynamic. And maybe he'll I'm using that word 577 00:33:04,040 --> 00:33:06,600 Speaker 1: so much today, maybe he'll go to U. S. Tr 578 00:33:07,160 --> 00:33:09,960 Speaker 1: Maybe because I have a need turkey. You know, it's Thanksgiving, 579 00:33:10,000 --> 00:33:12,840 Speaker 1: any turkey, Okay. Just to dive into this headline just 580 00:33:12,920 --> 00:33:15,880 Speaker 1: about the market reaction, good or just lucky, Joe Biden's 581 00:33:15,920 --> 00:33:18,800 Speaker 1: first three weeks in the stock market have been historically 582 00:33:18,960 --> 00:33:22,640 Speaker 1: solid ones when measured against newly elected presidents of the past. 583 00:33:23,000 --> 00:33:25,840 Speaker 1: Diving into my Bloomberg terminal. It's obviously very early, but 584 00:33:26,280 --> 00:33:29,360 Speaker 1: the market reality has been the opposite of what Donald 585 00:33:29,400 --> 00:33:32,760 Speaker 1: Trump predicted for his rival, a crash. Since election day, 586 00:33:32,800 --> 00:33:35,920 Speaker 1: the SMP five hundred has surged seven point seven percent, 587 00:33:36,200 --> 00:33:40,480 Speaker 1: the second best gain in ninety years, and nearly triple 588 00:33:40,560 --> 00:33:45,440 Speaker 1: the advance that followed Trump's victory. Now earlier today, my 589 00:33:45,480 --> 00:33:49,000 Speaker 1: colleague Taylor Riggs and I interviewed Peter Navarro, who of 590 00:33:49,080 --> 00:33:51,920 Speaker 1: course is one of the senior advisors to President Trump, 591 00:33:52,120 --> 00:33:55,760 Speaker 1: on the issue of fiscal relief. Because if there's one 592 00:33:55,840 --> 00:33:59,320 Speaker 1: thing that the markets are still anticipating, it is fiscal relief. 593 00:33:59,440 --> 00:34:01,400 Speaker 1: I asked him point blank, are we going to get 594 00:34:01,440 --> 00:34:03,920 Speaker 1: it in the lame Duck? Take a listen. If we 595 00:34:04,040 --> 00:34:07,040 Speaker 1: can see what's coming, and if we can see what's 596 00:34:07,080 --> 00:34:09,880 Speaker 1: coming and it's bad, we need to be able to 597 00:34:09,960 --> 00:34:12,360 Speaker 1: avoid it. And the way to avoid it is to 598 00:34:12,880 --> 00:34:16,360 Speaker 1: is basically hit those three points of the compass in 599 00:34:16,440 --> 00:34:18,800 Speaker 1: a Phase four deal, which is the was the p 600 00:34:18,960 --> 00:34:23,200 Speaker 1: PP small business loans, a stimulus check, and a more 601 00:34:23,320 --> 00:34:26,160 Speaker 1: relief for unemployed workers. And if we don't do that, 602 00:34:27,040 --> 00:34:30,640 Speaker 1: there's gonna be a lot of pain um in America. 603 00:34:31,840 --> 00:34:34,840 Speaker 1: So Sarah Chamberlain. Let me ask you this because it 604 00:34:35,800 --> 00:34:39,200 Speaker 1: really for centrist Republicans. It's gonna come down to them 605 00:34:39,800 --> 00:34:42,480 Speaker 1: if they are able to pass and make a deal 606 00:34:42,560 --> 00:34:45,560 Speaker 1: with the President Biden on fiscal relief. Do you think 607 00:34:45,640 --> 00:34:51,400 Speaker 1: there's enough Centrist Republicans in the Senate to get fiscal relief? Absolutely? 608 00:34:52,120 --> 00:34:54,000 Speaker 1: I know my members would like to get it done 609 00:34:54,200 --> 00:34:56,960 Speaker 1: in lame Duck and they're trying to see what number 610 00:34:57,120 --> 00:35:00,040 Speaker 1: the President will sign. UM, but they will a to 611 00:35:00,040 --> 00:35:04,520 Speaker 1: really work with um President Biden after January twenty if 612 00:35:04,560 --> 00:35:08,080 Speaker 1: it's not done prior. The country needs a p p P. 613 00:35:08,719 --> 00:35:10,719 Speaker 1: I mean, they have to look at the cars and 614 00:35:10,880 --> 00:35:15,360 Speaker 1: line for food and we have to do something. So 615 00:35:15,560 --> 00:35:17,800 Speaker 1: are our men and women of Main Street stand ready 616 00:35:17,880 --> 00:35:20,960 Speaker 1: to negotiate with whoever to get something done for the 617 00:35:20,960 --> 00:35:24,520 Speaker 1: American people? Do you think it was wise for Secretary 618 00:35:24,640 --> 00:35:27,279 Speaker 1: Minution to request back some of the Main Street Lending 619 00:35:27,320 --> 00:35:32,160 Speaker 1: Facility Program funds for the Treasury Department despite Chairman Powell's 620 00:35:32,200 --> 00:35:35,239 Speaker 1: request to keep the cash and so that if they 621 00:35:35,320 --> 00:35:38,360 Speaker 1: need to deploy it they can. UM. I think it 622 00:35:38,600 --> 00:35:42,160 Speaker 1: was politics, and I mean I think that's really what 623 00:35:42,280 --> 00:35:44,840 Speaker 1: it comes down to. I think was unfortunate, but you know, 624 00:35:45,120 --> 00:35:48,480 Speaker 1: we are in a crazy political time right now, them 625 00:35:48,600 --> 00:35:51,440 Speaker 1: probably the worst the country has ever seen, so I 626 00:35:51,640 --> 00:35:54,840 Speaker 1: wasn't surprised that he did that. Um, but you know again, 627 00:35:55,000 --> 00:35:57,920 Speaker 1: I think when Congress comes back with potentially a new 628 00:35:58,000 --> 00:36:01,960 Speaker 1: president elect new presidents in January, that they will put 629 00:36:02,000 --> 00:36:03,839 Speaker 1: that back on the table, because they do they are 630 00:36:03,920 --> 00:36:07,080 Speaker 1: able to do that. All right, Sarah, stay with us, Richards, 631 00:36:07,120 --> 00:36:09,359 Speaker 1: stay with us. I'll stay with us too. Coming up next, 632 00:36:09,360 --> 00:36:11,319 Speaker 1: we're gonna check in to see what's on the panel's radar. 633 00:36:11,640 --> 00:36:14,080 Speaker 1: My name is Kevin CEREALI I'm the chief Washington correspondent 634 00:36:14,080 --> 00:36:16,919 Speaker 1: for Bloomberg Television and for Bloomberg Radio. Tammy Hadad's gonna 635 00:36:17,000 --> 00:36:19,080 Speaker 1: join me at the end of the program. Make sure 636 00:36:19,120 --> 00:36:21,440 Speaker 1: to keep listening for the panel and that as well. 637 00:36:21,520 --> 00:36:55,520 Speaker 1: You're listening to Bloomberg. I'm Kevin surreally, chief Washington correspondent 638 00:36:55,560 --> 00:36:59,600 Speaker 1: for Bloomberg Television and for Bloomberg Radio. Who doesn't love 639 00:36:59,640 --> 00:37:04,440 Speaker 1: a little Cold Play on Thanksgiving Eve? You know, they 640 00:37:04,520 --> 00:37:07,000 Speaker 1: also have my favorite Christmas song, Christmas Lights. I've been 641 00:37:07,040 --> 00:37:09,160 Speaker 1: listening to it since my birthday on November two. You 642 00:37:09,200 --> 00:37:12,120 Speaker 1: know why, because I can and Kev's birthday is the 643 00:37:12,200 --> 00:37:15,239 Speaker 1: official start of when you are allowed to listen to 644 00:37:15,440 --> 00:37:19,680 Speaker 1: holiday music? Am I right? Let's ask the panel Sarah 645 00:37:19,800 --> 00:37:22,920 Speaker 1: Chamberlain's with us. Sarah, you are the CEO of Main 646 00:37:23,000 --> 00:37:27,120 Speaker 1: Street GOP, which backs centrist Republicans. Can you listen to 647 00:37:27,239 --> 00:37:30,680 Speaker 1: Christmas music? When? When is the appropriate time? So my 648 00:37:30,800 --> 00:37:35,040 Speaker 1: birthday is actually no, that's why. Okay, so it must 649 00:37:35,080 --> 00:37:37,320 Speaker 1: be a scorpio thing, you know what I'm saying? Like 650 00:37:39,560 --> 00:37:42,200 Speaker 1: Richard Faller, Democratic Insider, when do you when do you 651 00:37:42,520 --> 00:37:45,880 Speaker 1: start turning on the holiday the holiday jams? You know what? 652 00:37:46,040 --> 00:37:51,360 Speaker 1: Whenever you'd like Kevin? And did you tell my boss, 653 00:37:51,719 --> 00:37:54,840 Speaker 1: Christine Barratto did you hear that? Richard Fowler's saying again 654 00:37:54,920 --> 00:37:59,120 Speaker 1: for them in the back? Okay, believe it. There he 655 00:37:59,160 --> 00:38:01,399 Speaker 1: doesn't have to say to it. We all hurt. It's 656 00:38:01,480 --> 00:38:03,879 Speaker 1: time now for my favorite part of the program, which 657 00:38:03,960 --> 00:38:08,960 Speaker 1: is what is your favorite thanks Giving dish? Richard Fowler. Oh, 658 00:38:09,120 --> 00:38:11,760 Speaker 1: it's a tossup between maclony and cheese and potato salad. 659 00:38:12,000 --> 00:38:14,680 Speaker 1: Do you put hot sauce on your mac and cheese? No, 660 00:38:14,800 --> 00:38:17,800 Speaker 1: there's no, and the mac and cheese I totally disagree. 661 00:38:17,840 --> 00:38:21,640 Speaker 1: Hot sauce needs to go on mac and do you 662 00:38:21,680 --> 00:38:23,839 Speaker 1: want to make me mac and cheese. I'm totally down 663 00:38:23,920 --> 00:38:25,680 Speaker 1: you want to make If someone wants to make mac 664 00:38:25,719 --> 00:38:27,680 Speaker 1: and cheese for Kevin, he will eat the mac and cheese, 665 00:38:28,080 --> 00:38:34,320 Speaker 1: no questions. Asked Sarah Chamberlaine. Your favorite Thanksgiving dish stuffing 666 00:38:34,400 --> 00:38:36,759 Speaker 1: with a little bit of everything in It's a sausage, 667 00:38:36,920 --> 00:38:41,560 Speaker 1: just cramberries. Yes, my favorite. I couldn't agree with you more. 668 00:38:41,600 --> 00:38:44,719 Speaker 1: I love me some mashed potatoes. And because I'm doing 669 00:38:44,760 --> 00:38:47,520 Speaker 1: the whole socially distant thing, I'm not gonna get to 670 00:38:47,600 --> 00:38:50,720 Speaker 1: get my aunt sUAS mashed potatoes. And I always text 671 00:38:50,760 --> 00:38:53,200 Speaker 1: her every year please bring tupper were so that I 672 00:38:53,320 --> 00:38:56,279 Speaker 1: could have some of the leftover mashed potatoes. And my 673 00:38:56,400 --> 00:38:59,600 Speaker 1: mom would always give us the Linvilla Orchard pies. So 674 00:38:59,640 --> 00:39:02,040 Speaker 1: I'm to miss it, but I'll just eat double next year. 675 00:39:02,480 --> 00:39:04,840 Speaker 1: Now it's time for my second part, favorite part of 676 00:39:04,880 --> 00:39:07,800 Speaker 1: the program, which is what is on the panel's radar? Richard? 677 00:39:07,880 --> 00:39:10,719 Speaker 1: What's on your radar? Look? I mean, I think you 678 00:39:10,760 --> 00:39:12,400 Speaker 1: know there's a couple of things I'm watching. I'm obviously 679 00:39:12,440 --> 00:39:15,320 Speaker 1: watching some of these very tragic COVID numbers continue to 680 00:39:15,360 --> 00:39:18,279 Speaker 1: inchop and I want to see you know. Also, I 681 00:39:18,320 --> 00:39:20,160 Speaker 1: mean think Biden has a lot more announcements to make. 682 00:39:20,200 --> 00:39:22,959 Speaker 1: Who's going to be a HHS secretary, um the person 683 00:39:23,000 --> 00:39:25,200 Speaker 1: that will likely be sort of the person the four 684 00:39:25,280 --> 00:39:27,480 Speaker 1: of the fore runner around how they how we deal 685 00:39:27,520 --> 00:39:30,319 Speaker 1: with the vaccine and vaccine distribution. So I think that's 686 00:39:30,360 --> 00:39:31,919 Speaker 1: through my mind. That was both of some my radar 687 00:39:32,040 --> 00:39:34,959 Speaker 1: right now. And we should note that, uh, the Trump 688 00:39:35,000 --> 00:39:40,759 Speaker 1: administration did have a transition meeting with the Biden transition 689 00:39:40,800 --> 00:39:44,799 Speaker 1: team on the issue of Operation Warp speed and vaccination deployment. 690 00:39:45,080 --> 00:39:47,640 Speaker 1: We should note, just diving into my Bloomberg, terminal infection 691 00:39:47,719 --> 00:39:50,560 Speaker 1: rates are accelerating, as Richard just alluded to in the 692 00:39:50,680 --> 00:39:54,120 Speaker 1: Southwest and the Rocky Mountain West. After sweeping through states 693 00:39:54,200 --> 00:39:57,759 Speaker 1: in the Midwest, a growing number of hospitals canceled or 694 00:39:57,880 --> 00:40:02,800 Speaker 1: delayed some planned medical procedures to preserve staff and beds. 695 00:40:03,320 --> 00:40:06,440 Speaker 1: US airline traffic a key indicator throughout the past several 696 00:40:06,520 --> 00:40:09,719 Speaker 1: months of the spread. US airline traffic rose as some 697 00:40:09,880 --> 00:40:13,680 Speaker 1: Americans traveled for Thanksgiving despite warnings from health officials. The 698 00:40:13,760 --> 00:40:16,839 Speaker 1: death toll in the United States nursing homes and long 699 00:40:17,000 --> 00:40:19,919 Speaker 1: term care facilities topped a hundred thousand. New York State 700 00:40:20,480 --> 00:40:26,400 Speaker 1: topped six thousand daily cases for the first time since April. Globally, 701 00:40:26,520 --> 00:40:30,240 Speaker 1: infections now more than sixty million. German Chancellor Angela Merkel 702 00:40:30,360 --> 00:40:33,879 Speaker 1: extended a partial lockdown for at least three weeks as 703 00:40:33,920 --> 00:40:38,880 Speaker 1: Europe's biggest economy struggles to regain control of the virus. Okay, Sarah, 704 00:40:38,880 --> 00:40:41,160 Speaker 1: hopefully you have something more optimistic that's on your radar. 705 00:40:41,200 --> 00:40:45,040 Speaker 1: What's on your radar, of course the virus, but also UM, 706 00:40:45,239 --> 00:40:50,000 Speaker 1: Georgia and did the suburban women come out and vote GOP? UM? 707 00:40:50,080 --> 00:40:54,080 Speaker 1: I think they will because they voted against Trump. They 708 00:40:54,120 --> 00:40:57,000 Speaker 1: didn't necessarily vote against the GOP. And that is why 709 00:40:57,920 --> 00:41:01,839 Speaker 1: UM Purdue got more vote. UM. John actually fell short. 710 00:41:01,920 --> 00:41:04,120 Speaker 1: He didn't get as many as Biden did. So George 711 00:41:04,120 --> 00:41:07,839 Speaker 1: Young finding fascinating because I'm really interested to see where 712 00:41:07,920 --> 00:41:11,239 Speaker 1: these suburban women go and and on this issue, there's 713 00:41:11,280 --> 00:41:13,960 Speaker 1: no one better than you. It just so let me 714 00:41:14,000 --> 00:41:16,839 Speaker 1: ask you this, how can the Republican Party win back 715 00:41:17,040 --> 00:41:21,279 Speaker 1: and reset for suburban women? Um? And and a new 716 00:41:21,360 --> 00:41:24,640 Speaker 1: generation of suburban women. We's certainly going to help with 717 00:41:24,760 --> 00:41:28,440 Speaker 1: Donald Trump leaving this scene. UM, they weren't opposed to 718 00:41:28,520 --> 00:41:32,080 Speaker 1: Republican policies. They were opposed to the to the tweets 719 00:41:32,120 --> 00:41:36,080 Speaker 1: and the negativity and all that. But once COVID to 720 00:41:36,200 --> 00:41:38,680 Speaker 1: an end, for right now, the head, once COVID comes 721 00:41:38,719 --> 00:41:41,279 Speaker 1: to an end, because obviously this is consuming everything as 722 00:41:41,360 --> 00:41:44,839 Speaker 1: it should. It's a great tragedy were mass everybody, um, 723 00:41:44,960 --> 00:41:47,799 Speaker 1: But once we get past that, the way to get 724 00:41:47,880 --> 00:41:53,200 Speaker 1: the the suburban women is equal pay, cost of healthcare, 725 00:41:53,600 --> 00:41:57,040 Speaker 1: cost of child care, and access to capital. When I 726 00:41:57,120 --> 00:41:59,840 Speaker 1: travel the country, these are the top for issues that 727 00:42:00,000 --> 00:42:03,120 Speaker 1: they're worried about, and they want the Republicans to address this, 728 00:42:03,960 --> 00:42:06,720 Speaker 1: and that's how we get them back. On the issue 729 00:42:06,960 --> 00:42:11,200 Speaker 1: of of coronavirus though, uh, you know, I think here 730 00:42:11,239 --> 00:42:14,359 Speaker 1: in Washington, d C. With new restrictions that Mayor Bowser 731 00:42:14,400 --> 00:42:17,480 Speaker 1: has imposed over this week, I think this issue came 732 00:42:17,560 --> 00:42:21,160 Speaker 1: up yesterday on coordination. It's not that people don't believe 733 00:42:21,200 --> 00:42:23,520 Speaker 1: in the virus or even I don't want to wear 734 00:42:23,560 --> 00:42:26,040 Speaker 1: a mask, but the issue of coordination and the last 735 00:42:26,160 --> 00:42:31,040 Speaker 1: minute announcements pertaining to schools, pertaining to to where you 736 00:42:31,160 --> 00:42:33,399 Speaker 1: can and can't go, whether you can go to church. 737 00:42:34,000 --> 00:42:36,880 Speaker 1: Is there an issue of coordination Sarah that Republicans can 738 00:42:36,920 --> 00:42:40,880 Speaker 1: make in the suburbs. Uh, pretty much. The suburbs are 739 00:42:40,880 --> 00:42:46,440 Speaker 1: already staying home, so they're coordinated within their own areas. 740 00:42:46,960 --> 00:42:49,160 Speaker 1: So no, I mean the fact that the mayors do 741 00:42:49,280 --> 00:42:53,239 Speaker 1: these last minute announcements, it's pretty much expected. Um. But 742 00:42:53,480 --> 00:42:55,760 Speaker 1: but we're dealing in the suburbs. And I can speak 743 00:42:55,840 --> 00:42:58,760 Speaker 1: from myself as well. I mean, we're dealing with trying 744 00:42:58,800 --> 00:43:01,759 Speaker 1: to work and trying to educate our kids. I mean, 745 00:43:01,880 --> 00:43:04,360 Speaker 1: there's so much going on, but most of them, my 746 00:43:04,560 --> 00:43:08,040 Speaker 1: friends in the suburbs are staying home for Thanksgiving. So 747 00:43:08,560 --> 00:43:10,839 Speaker 1: you know, as the mayors and the governors announced all 748 00:43:10,880 --> 00:43:14,600 Speaker 1: of these restrictions, they were already expecting them. Um, So 749 00:43:14,680 --> 00:43:17,080 Speaker 1: they're trying to stay safe and frankly, just wait for 750 00:43:17,120 --> 00:43:19,759 Speaker 1: the vaccination. Yeah. I think that's such a great point. 751 00:43:19,800 --> 00:43:23,960 Speaker 1: And and go ahead, Richard. I mean, I think the 752 00:43:24,000 --> 00:43:26,520 Speaker 1: Georgia race, while we're also we're paying attention to what 753 00:43:26,600 --> 00:43:28,880 Speaker 1: suburban women do, I think we're also paying attention to 754 00:43:29,000 --> 00:43:32,480 Speaker 1: what happens in Atlanta and the county surrounding Atlanta, and 755 00:43:32,640 --> 00:43:35,759 Speaker 1: do African Americans turnout in the record numbers they did previously. 756 00:43:36,280 --> 00:43:38,400 Speaker 1: I think Democrats are gonna be wise this time, as 757 00:43:38,440 --> 00:43:40,719 Speaker 1: they were, um, just a couple of weeks ago in 758 00:43:40,760 --> 00:43:43,720 Speaker 1: the November elections, sort of follow the Stacy Abrams playbook 759 00:43:43,760 --> 00:43:45,680 Speaker 1: and all of the you know, the New Georgia projects 760 00:43:45,719 --> 00:43:49,239 Speaker 1: there and work on turning out the suburb, working on 761 00:43:49,320 --> 00:43:52,120 Speaker 1: turning off the subcit of Atlanta, working on turnout unlikely 762 00:43:52,160 --> 00:43:54,840 Speaker 1: African American voters. You saw them start to do that 763 00:43:54,920 --> 00:43:58,040 Speaker 1: by organizing the music community and this entertainment community of Atlanta. 764 00:43:58,280 --> 00:43:59,880 Speaker 1: I think you're gonna see a double down effort on 765 00:44:00,000 --> 00:44:01,880 Speaker 1: at as well as the fact that the vice president 766 00:44:02,000 --> 00:44:04,440 Speaker 1: is going into the state excuse me, I chance the 767 00:44:04,520 --> 00:44:06,719 Speaker 1: title is not. The president of the elect is going 768 00:44:06,840 --> 00:44:10,959 Speaker 1: into the state um to rally supporters and talk about 769 00:44:10,960 --> 00:44:12,520 Speaker 1: the importance of the Senate. So it's going to be 770 00:44:12,560 --> 00:44:14,759 Speaker 1: a race to watch. I do think what Republicans have 771 00:44:15,480 --> 00:44:19,400 Speaker 1: the voter retriction advantage. Democrats have momentum, and they have 772 00:44:20,080 --> 00:44:23,000 Speaker 1: this rich sort of South Atlanta and it's around the 773 00:44:23,080 --> 00:44:25,960 Speaker 1: counties around Atlanta base of voters that if they turned 774 00:44:26,000 --> 00:44:28,440 Speaker 1: them out again, they might be able to capture magic 775 00:44:28,480 --> 00:44:30,560 Speaker 1: in a bottle a second time. You know, it is 776 00:44:30,640 --> 00:44:34,640 Speaker 1: this really weird time and during a transition in Washington, 777 00:44:34,719 --> 00:44:36,719 Speaker 1: where no one knows what to call each other because 778 00:44:36,760 --> 00:44:40,319 Speaker 1: everyone has a different title. It's it's no one knows. 779 00:44:40,400 --> 00:44:43,040 Speaker 1: And I forgot about this. I was thinking about this 780 00:44:43,120 --> 00:44:45,600 Speaker 1: actually when I walked home from work yesterday. I was like, 781 00:44:46,080 --> 00:44:48,800 Speaker 1: no one, because you never want to be disrespectful to 782 00:44:48,840 --> 00:44:51,600 Speaker 1: someone's title or what to call them or former incoming 783 00:44:51,680 --> 00:44:54,160 Speaker 1: out going likely. You know, it's all of the it's 784 00:44:54,200 --> 00:44:56,560 Speaker 1: all these titles. What's on my radar is all of 785 00:44:56,640 --> 00:44:59,960 Speaker 1: the data. The data dump that we got today, John 786 00:45:00,040 --> 00:45:02,520 Speaker 1: This claims surged by the most and more than a month, 787 00:45:03,080 --> 00:45:05,760 Speaker 1: logging the first back to back increase since July. Above 788 00:45:05,840 --> 00:45:09,840 Speaker 1: forecast claims in regular state programs increased by thirty thousand 789 00:45:09,920 --> 00:45:12,439 Speaker 1: to seven hundred and seventy eight thousand in the week 790 00:45:12,520 --> 00:45:15,640 Speaker 1: that ended November one, and this signals folks that the 791 00:45:15,800 --> 00:45:19,960 Speaker 1: labor market cracks are expanding as COVID nineteen cases rise 792 00:45:20,000 --> 00:45:23,640 Speaker 1: across the country. The data underscores the possibility that next 793 00:45:23,719 --> 00:45:27,600 Speaker 1: week's next week November jobs report will come in much weaker, 794 00:45:27,800 --> 00:45:31,960 Speaker 1: and already economists are predicting that that job's report next 795 00:45:32,000 --> 00:45:35,440 Speaker 1: Friday could come in much weaker. The deteriorating labor market 796 00:45:35,520 --> 00:45:39,600 Speaker 1: may give extra urgency to stimulus discussions in Congress that 797 00:45:39,719 --> 00:45:43,760 Speaker 1: have largely stalled. Another sign that more stimulus is needed 798 00:45:43,840 --> 00:45:48,000 Speaker 1: came from personal income data, which showed that incomes declined 799 00:45:48,360 --> 00:45:52,920 Speaker 1: while spending rows as consumers drew down their savings from 800 00:45:53,000 --> 00:45:57,800 Speaker 1: earlier government benefits. My thanks and my sincerest happiest of 801 00:45:57,880 --> 00:46:01,359 Speaker 1: thanksgivings to Sarah Chamberlain, President and CEO of Republican Main 802 00:46:01,400 --> 00:46:05,719 Speaker 1: Street Partnership, which promotes centrist Republicans, and Richard Fowler, Mac 803 00:46:05,760 --> 00:46:09,160 Speaker 1: and Cheese chef and nationally syndicated radio show host and 804 00:46:09,239 --> 00:46:13,920 Speaker 1: a Fox News contributor, as well as a Democratic insider. 805 00:46:14,000 --> 00:46:16,520 Speaker 1: My name is Kevin Cirelli, Chief Washington correspondent for Bloomberg 806 00:46:16,520 --> 00:46:20,040 Speaker 1: Television and for Bloomberg Radio. Coming up next, Tammy Hadad. 807 00:46:20,600 --> 00:46:24,040 Speaker 1: What's on TAM's radar this Thanksgiving Eve? You're listening to Bloomberg? 808 00:46:46,640 --> 00:46:49,600 Speaker 1: My name is Kevin Cerelli on the chief Washington correspondent 809 00:46:49,640 --> 00:46:56,360 Speaker 1: for Bloomberg Television and for Bloomberg Radio. Congratulations to Matt Shirley. 810 00:46:56,800 --> 00:47:03,279 Speaker 1: Uncle Matt, he became an uncle earlier today. Our sincerest 811 00:47:03,640 --> 00:47:11,120 Speaker 1: sinceris congratulations to uncle. Congrats on your new niece joining 812 00:47:11,200 --> 00:47:13,960 Speaker 1: us on the telephone line is Tammy had At. She 813 00:47:14,160 --> 00:47:16,719 Speaker 1: is CEO of had Ad Media, and we gotta get 814 00:47:16,840 --> 00:47:21,360 Speaker 1: on this Thanksgiving Eve. What is on TAM's radar? I 815 00:47:21,440 --> 00:47:23,320 Speaker 1: said to the crew, I said, we gotta do a 816 00:47:23,400 --> 00:47:26,080 Speaker 1: Tammy segment on Thanksgiving Eve, and it's gonna become a 817 00:47:26,160 --> 00:47:27,959 Speaker 1: thing because she used to. Actually, I don't think people 818 00:47:28,040 --> 00:47:30,279 Speaker 1: know this about Tammy had Ad, She, in addition to 819 00:47:30,360 --> 00:47:34,520 Speaker 1: her many rules roles throughout town as a producer with MSNBC, 820 00:47:34,800 --> 00:47:39,359 Speaker 1: executive producing with um MSNBC, as well as The Today's Show, 821 00:47:39,719 --> 00:47:43,480 Speaker 1: Everything uh, the Late Show or the Tonight Show, one 822 00:47:43,520 --> 00:47:45,799 Speaker 1: of the She's done it all uh And of course 823 00:47:45,880 --> 00:47:48,400 Speaker 1: everyone knows her in in Washington, d C. She actually 824 00:47:48,440 --> 00:47:51,120 Speaker 1: got her start outside of Pittsburgh k d K A 825 00:47:52,280 --> 00:47:59,080 Speaker 1: Larry K the legendary. Who's the next Larry King? Tam, Wow, 826 00:47:59,280 --> 00:48:01,040 Speaker 1: that's a big question. I thought we were going to 827 00:48:01,120 --> 00:48:05,000 Speaker 1: start off with who is the next White House Press Secretary? 828 00:48:05,360 --> 00:48:09,239 Speaker 1: Because you know, there's a real push keV. I like 829 00:48:09,400 --> 00:48:14,680 Speaker 1: the idea of a Kevin Press secretary answer my quess Kebs, 830 00:48:15,360 --> 00:48:18,640 Speaker 1: will President Biden do blah blah blah. But you know, 831 00:48:18,840 --> 00:48:22,960 Speaker 1: in all seriousness, you could be a friends and colleagues, 832 00:48:23,000 --> 00:48:25,279 Speaker 1: And I want to ask you first who, if you 833 00:48:25,400 --> 00:48:27,399 Speaker 1: know our colleagues so well, who do you think would 834 00:48:27,440 --> 00:48:31,120 Speaker 1: make the best press secretary if they pull amongst our ranks. 835 00:48:31,360 --> 00:48:33,759 Speaker 1: I think that based upon my reporting, I can tell 836 00:48:33,840 --> 00:48:36,200 Speaker 1: you Simone Sanders has a has a really good shot. Obviously, 837 00:48:36,320 --> 00:48:40,240 Speaker 1: Kate Bettingfield UH will will be some type of senior 838 00:48:40,280 --> 00:48:43,240 Speaker 1: advisor role, but I think Simone Sanders behind the podium 839 00:48:43,760 --> 00:48:46,839 Speaker 1: has a really strong shot. Jensaki is clearly She's been 840 00:48:46,840 --> 00:48:49,080 Speaker 1: a frequent guest on this program. She was previously the 841 00:48:49,080 --> 00:48:54,400 Speaker 1: spokesperson at the State's Department before becoming UH spokesperson for 842 00:48:54,600 --> 00:48:57,680 Speaker 1: now former President Obama. But all of those names are 843 00:48:57,719 --> 00:48:59,880 Speaker 1: in the mix. But I think Simone Sanders could be 844 00:49:00,000 --> 00:49:02,280 Speaker 1: behind the podium. I'm interested to see if ned Price 845 00:49:02,360 --> 00:49:04,759 Speaker 1: gets behind the podium at the State's Apartment from blankeln Oh, 846 00:49:04,920 --> 00:49:08,680 Speaker 1: that's yeah, I hear's that, But I'm talking about reporters. Okay, 847 00:49:08,960 --> 00:49:12,120 Speaker 1: here's mine here. I agree with you all. Everyone you've 848 00:49:12,160 --> 00:49:16,680 Speaker 1: mentioned trouble Tammy, go ahead. Um, here's who I think 849 00:49:16,840 --> 00:49:21,960 Speaker 1: might be interesting. Brianna Keeler over at CNN. Right, it's 850 00:49:22,000 --> 00:49:26,240 Speaker 1: done incredible work. Maybe Nicole Wallace wants to make a return. 851 00:49:26,560 --> 00:49:30,759 Speaker 1: How about your former colleague Stephanie Rule bring her in there. 852 00:49:31,120 --> 00:49:34,239 Speaker 1: I mean, you know, it's an interesting idea that they're 853 00:49:34,320 --> 00:49:36,680 Speaker 1: even thinking about. In addition to the people you met, 854 00:49:37,280 --> 00:49:41,120 Speaker 1: you mentioned um actual reporter to bring him inside. Do 855 00:49:41,120 --> 00:49:44,680 Speaker 1: you know who I would like? Caitlin Collins? Can you 856 00:49:44,719 --> 00:49:49,799 Speaker 1: imagine her yelling back at reporters or Jim Acosta? Yeah, 857 00:49:49,920 --> 00:49:53,160 Speaker 1: Jim Acosta, Yeah, I don't know. He's he's anchoring on 858 00:49:53,280 --> 00:49:55,400 Speaker 1: CNN this afternoon. I think he's very happy to be 859 00:49:55,520 --> 00:49:59,680 Speaker 1: sitting in, you know, wolf seat for the night welling 860 00:49:59,719 --> 00:50:03,160 Speaker 1: about did you watch them? Did you watch President elect 861 00:50:03,360 --> 00:50:07,200 Speaker 1: A Biden speech this afternoon? He gave this very somber, 862 00:50:07,400 --> 00:50:12,880 Speaker 1: very serious address message for Thanksgiving was beautiful, but um, 863 00:50:13,000 --> 00:50:16,000 Speaker 1: it reminded me of President Reagan. And you know, as 864 00:50:16,080 --> 00:50:18,480 Speaker 1: you think about all these presidents, right and we're watching 865 00:50:18,560 --> 00:50:21,600 Speaker 1: Barack Obama promoting him bout his book and hearing a 866 00:50:21,680 --> 00:50:24,719 Speaker 1: lot from him, is you know, but Ronald Reagan, way 867 00:50:24,760 --> 00:50:26,440 Speaker 1: before you were born, he was sort of like the 868 00:50:26,640 --> 00:50:29,680 Speaker 1: daddy president. He was the guy that was going to 869 00:50:29,840 --> 00:50:32,200 Speaker 1: take care of that briefing. He's going to take care 870 00:50:32,239 --> 00:50:36,200 Speaker 1: of you he's entertaining, you know. And then of course 871 00:50:36,280 --> 00:50:39,759 Speaker 1: President Trump was a disruptor, right did I say that 872 00:50:40,120 --> 00:50:43,920 Speaker 1: was a disruptor? Is a disruptor? Right? But um, I 873 00:50:43,960 --> 00:50:46,720 Speaker 1: don't know. Biden might be more of like a daddy figure. 874 00:50:46,800 --> 00:50:51,200 Speaker 1: What do you think? I don't think that on Turkey Eve, 875 00:50:51,280 --> 00:50:54,839 Speaker 1: I should refer to the president elect with that uh 876 00:50:55,200 --> 00:50:58,160 Speaker 1: name while I am on air. So I am going 877 00:50:58,280 --> 00:51:01,320 Speaker 1: to continue to take your test, which I know you 878 00:51:01,440 --> 00:51:05,400 Speaker 1: are testing me right now, and I am going to 879 00:51:05,560 --> 00:51:10,399 Speaker 1: talk through stoically without showing emotion. How about that? See, 880 00:51:10,440 --> 00:51:13,240 Speaker 1: haven't I learned a lot in five years? Tim? Honest 881 00:51:13,280 --> 00:51:16,719 Speaker 1: to god, it is just unbelievable. And and I love 882 00:51:16,800 --> 00:51:19,680 Speaker 1: the fact that you have a nice Arab lady on 883 00:51:19,880 --> 00:51:23,759 Speaker 1: your Italian show. I mean I really appreciate that. And 884 00:51:23,840 --> 00:51:25,840 Speaker 1: as you know, I don't cook at all, but you 885 00:51:25,880 --> 00:51:28,600 Speaker 1: haven't asked me what we're serving for. Well, okay, now 886 00:51:28,640 --> 00:51:30,719 Speaker 1: I'm gonna go to very because I have to get 887 00:51:30,760 --> 00:51:33,560 Speaker 1: to some type of policy before this interview goes off 888 00:51:33,600 --> 00:51:37,000 Speaker 1: the rails. But for for me, but quickly favorite. Okay, 889 00:51:37,080 --> 00:51:40,040 Speaker 1: this is what we call the speed round Favorite Thanksgiving 890 00:51:40,239 --> 00:51:43,719 Speaker 1: side dish. I'm sorry that someone trying to call me 891 00:51:43,800 --> 00:51:47,960 Speaker 1: favorite Thanksgiving what side dish? Oh side dist Oh that's 892 00:51:48,000 --> 00:51:50,680 Speaker 1: easy stuffing. I'm with I'm with Sarah. Okay, I'm a 893 00:51:50,719 --> 00:51:54,200 Speaker 1: mashed potato person um and favorite part of the turkey. 894 00:51:56,239 --> 00:52:01,160 Speaker 1: Oh boy, that's tough. I like the breast me. To 895 00:52:01,239 --> 00:52:03,279 Speaker 1: be honest with you, I'll eat any part of it. 896 00:52:03,760 --> 00:52:05,520 Speaker 1: But see you can't. Here's what you got it all 897 00:52:05,560 --> 00:52:08,560 Speaker 1: wrong kind of storry. You can't have to mashed potatoes 898 00:52:08,600 --> 00:52:11,400 Speaker 1: without the stuffing in the gravy because otherwise it's just 899 00:52:11,520 --> 00:52:16,319 Speaker 1: mashed potatoes and I not. And Sua has the best 900 00:52:16,360 --> 00:52:18,480 Speaker 1: mashed potatoes. But go ahead, she can put that in 901 00:52:18,560 --> 00:52:21,640 Speaker 1: as many you know, rubber main containers as she can. 902 00:52:21,719 --> 00:52:23,880 Speaker 1: But if it's not crazy gravy on top, take at 903 00:52:23,920 --> 00:52:30,440 Speaker 1: home okay. And favorite pie, oh pumpkin, although we have 904 00:52:30,640 --> 00:52:35,280 Speaker 1: to say on Thanksgiving pecan pie might actually get ahead. 905 00:52:35,560 --> 00:52:37,239 Speaker 1: It is so I know, it's like the one time 906 00:52:37,280 --> 00:52:39,080 Speaker 1: of the year that everyone gets at the Caampie. Okay, 907 00:52:39,320 --> 00:52:41,880 Speaker 1: favorite Trent. Okay, let's go, what's on your radar in 908 00:52:41,960 --> 00:52:45,520 Speaker 1: the media. So what's on your media radar? Well, I'm 909 00:52:45,600 --> 00:52:49,319 Speaker 1: very concerned about all my colleagues in news because it's 910 00:52:49,440 --> 00:52:51,400 Speaker 1: clear and we're seeing a little bit of it that 911 00:52:51,520 --> 00:52:55,920 Speaker 1: there's gonna be layoffs, there's gonna be uh, you know, restructuring, 912 00:52:56,080 --> 00:52:58,440 Speaker 1: because you know, almost all the people we know and 913 00:52:58,560 --> 00:53:01,799 Speaker 1: love are at home and they're discovering that they don't 914 00:53:01,840 --> 00:53:04,520 Speaker 1: need as many producers, they don't need as many graphics, 915 00:53:04,600 --> 00:53:07,960 Speaker 1: don't's many camerament. So I'm a little nervous about that. 916 00:53:08,360 --> 00:53:11,120 Speaker 1: And then the other thing is the whole pundit class 917 00:53:11,280 --> 00:53:16,080 Speaker 1: that always expands, always really expensive, is supersize this election 918 00:53:16,640 --> 00:53:18,439 Speaker 1: that's going to go down. And you know, people look 919 00:53:18,480 --> 00:53:20,800 Speaker 1: and you know they question the pundits, but it's a 920 00:53:20,920 --> 00:53:24,400 Speaker 1: dramatic salary difference. If you're a print reporter and you 921 00:53:24,480 --> 00:53:27,200 Speaker 1: make a deal with one of the networks or Bloomberg 922 00:53:27,280 --> 00:53:30,040 Speaker 1: or whatever, and you've got extra money in your pocket, 923 00:53:30,120 --> 00:53:32,840 Speaker 1: that's not a small thing, right, So I think that, 924 00:53:33,360 --> 00:53:36,719 Speaker 1: you know, and maybe it sounds too lighthearted to talk 925 00:53:36,760 --> 00:53:40,080 Speaker 1: about that was as you were talking about these unemployment numbers, 926 00:53:40,360 --> 00:53:42,160 Speaker 1: but it is. They're not going to be unemployed, but 927 00:53:42,239 --> 00:53:44,680 Speaker 1: it's gonna be a significant hit. And then the questionable 928 00:53:45,280 --> 00:53:47,960 Speaker 1: will it matter at all? Right? I mean, it doesn't 929 00:53:48,000 --> 00:53:50,080 Speaker 1: matter to a viewer because really, what we're doing is 930 00:53:50,160 --> 00:53:53,479 Speaker 1: serving the viewer and the listener. That's that's the job 931 00:53:53,600 --> 00:53:56,360 Speaker 1: that people do. People are people willing to get on 932 00:53:56,560 --> 00:53:58,319 Speaker 1: air for free, you know, I mean, and I think 933 00:53:58,400 --> 00:54:02,719 Speaker 1: that's the the Yes, Yeah, you and I. You and 934 00:54:02,800 --> 00:54:05,080 Speaker 1: I both know that if there's it's Washington, there's a 935 00:54:05,160 --> 00:54:07,320 Speaker 1: microphone you'll find and a camera you'll find everyone the 936 00:54:07,360 --> 00:54:09,839 Speaker 1: shortest distance. And I also think there's something else. I mean, 937 00:54:09,880 --> 00:54:13,040 Speaker 1: I have real respect for our colleague, and you kindly 938 00:54:13,120 --> 00:54:15,680 Speaker 1: come on Cretive Ancestra and show full Court Press her 939 00:54:15,719 --> 00:54:19,600 Speaker 1: Sunday show. Of course, I'll yes, you are and you 940 00:54:19,880 --> 00:54:22,520 Speaker 1: and we're thrilled to have you. And here's the thing. It's, 941 00:54:22,800 --> 00:54:25,360 Speaker 1: you know, you work very hard all weeks so to 942 00:54:25,480 --> 00:54:27,680 Speaker 1: have that expertise and to be able to deliver it 943 00:54:27,800 --> 00:54:30,360 Speaker 1: in you know, two to five minutes or eight minutes 944 00:54:30,400 --> 00:54:33,239 Speaker 1: whatever it is, is something that takes a lot of 945 00:54:33,360 --> 00:54:36,319 Speaker 1: skill and it takes a lot of time to learn 946 00:54:36,360 --> 00:54:39,160 Speaker 1: all of that. So I'm really that's why I'm so 947 00:54:39,320 --> 00:54:42,200 Speaker 1: nervous about it, because I know people have worked really 948 00:54:42,239 --> 00:54:44,080 Speaker 1: hard to get here and no one's had a break. 949 00:54:44,120 --> 00:54:45,560 Speaker 1: Are you going to get a break? Well? Do you 950 00:54:45,640 --> 00:54:48,640 Speaker 1: think reporters will get a break? Before Biden is up 951 00:54:48,680 --> 00:54:50,600 Speaker 1: and running. I'm gonna tell you know this. I love 952 00:54:50,680 --> 00:54:52,200 Speaker 1: to work. I'm not even just saying this, it's it's 953 00:54:52,600 --> 00:54:54,839 Speaker 1: just for me. It would be weird if I didn't work. 954 00:54:54,840 --> 00:54:56,320 Speaker 1: So as long as I can work, I'm happy. But 955 00:54:56,400 --> 00:54:57,600 Speaker 1: nothing about me. Let me ask you one more thing, 956 00:54:57,640 --> 00:54:58,759 Speaker 1: because I got a minute left with you, and I 957 00:54:58,840 --> 00:55:01,680 Speaker 1: do want to get the US your d C business 958 00:55:01,719 --> 00:55:04,160 Speaker 1: philanthropy trend. I know you and I are both huge 959 00:55:04,200 --> 00:55:06,319 Speaker 1: fans of dog Tag Bakery and our friends of dog 960 00:55:06,360 --> 00:55:08,840 Speaker 1: Tag Bakery and Georgetown dog Tag Bakery. What else are 961 00:55:08,880 --> 00:55:12,520 Speaker 1: you noticing as a trend tammy on that front. Well, 962 00:55:12,560 --> 00:55:14,560 Speaker 1: it's funny you should say that, because I think one 963 00:55:14,560 --> 00:55:17,560 Speaker 1: of the most important things is that we're going to 964 00:55:17,680 --> 00:55:22,080 Speaker 1: see a lot more a thrill philanthropic ventures. People are 965 00:55:22,120 --> 00:55:25,759 Speaker 1: working really hard, whether it's food banks or developing new 966 00:55:25,840 --> 00:55:29,680 Speaker 1: ways to actually, you know, debt food to people or 967 00:55:29,800 --> 00:55:32,800 Speaker 1: get information contact tracing. So we're going to see a 968 00:55:32,840 --> 00:55:35,000 Speaker 1: lot of that. But let's be honest, nothing can be 969 00:55:35,200 --> 00:55:39,719 Speaker 1: Connie's Brownies tag Bakery. You'll never go to another place, 970 00:55:39,760 --> 00:55:42,320 Speaker 1: no matter who they support, You'll go to Connie's for 971 00:55:42,360 --> 00:55:44,880 Speaker 1: the brownies. Well right, all right, I'll see a dog 972 00:55:44,920 --> 00:55:46,879 Speaker 1: tag this weekend. We'll got some coffee and will laugh. 973 00:55:47,040 --> 00:55:49,080 Speaker 1: We'll laugh. Tammy hadd who needs an agent? I got 974 00:55:49,160 --> 00:55:51,439 Speaker 1: Tam Tammy, thank you, thank you so much. My friend. 975 00:55:51,680 --> 00:55:54,080 Speaker 1: That's Tammy had Ad, the Tammy had Ad. I'm Kevin's 976 00:55:54,160 --> 00:55:58,760 Speaker 1: really happy, happy, happy Thanksgiving. I'm incredibly thankful, incredibly grateful, 977 00:55:59,120 --> 00:56:01,680 Speaker 1: Thank you, and I'll check back in with you on Monday. 978 00:56:01,880 --> 00:56:09,279 Speaker 1: I'm Kevin, sirlely, this is Bloomberg nine h