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

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

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

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

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

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Speaker 1: never before. You're looking at seventy candidates for different duct teams.

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

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

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Speaker 1: Surrelate on Bloomberg and one oh five seven fm h

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Speaker 1: D two. US socks grind higher with focus on stimulus.

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Speaker 1: That's right. The White House is offering new proposals to

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Speaker 1: jolt virus relief talks. I've got the way. This coming

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Speaker 1: from the White House. This says, uh. We also have

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Speaker 1: new developments on the race. All of that plus plus

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Speaker 1: TikTok giving Microsoft a shot a hundred and forty billions

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Speaker 1: dollars and adds the latest for US and China as well.

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Speaker 1: We have a lot to get through. We've got a

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Speaker 1: team of all stars with us for the hour. President

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Speaker 1: Trump is set to deliver a press conference coming up

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Speaker 1: in about an hour. You can catch it right here.

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Speaker 1: I'll bring that for you. We're gonna cover foreign policy, um,

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Speaker 1: what happened in Beyroute, as well as US China relations.

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Speaker 1: But we begin domestically because US equities ecked out again

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Speaker 1: as investors try to gauge the outlook for a stimulus

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Speaker 1: bill to blunt the economic impact of the coronavirus pandemic.

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Speaker 1: Sp Index ended point four present higher after wavering between

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Speaker 1: small losses and gains throughout the day. Joining US now

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Speaker 1: Bloomberg's White House reporter Josh wing Grove, Josh, the Wall

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Speaker 1: Street really had its eye on what's coming out of

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Speaker 1: Washington today because the White House is now saying that

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Speaker 1: they're going to deliver fresh offers on a virus relief

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Speaker 1: package in today's talks with top Democrats. This according to

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Speaker 1: Mark Meadows, the chief of Staff and Secretary monution. What

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Speaker 1: are they gonna do? Josh? What can they do well?

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Speaker 1: It kind of depends on who you ask, and it's

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Speaker 1: not you know, it gets them in one view as

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Speaker 1: an offer and another one it's a threat to go unilaterally.

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Speaker 1: Political reporting. Of course, three executive orders are on the books.

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Speaker 1: One would sort of suspend unilaterally. At least they gets

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Speaker 1: enforcement of the payroll tax, another would deal with evictions,

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Speaker 1: blocking evictions, and the third would redirect existing congressional money

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Speaker 1: to UI. Top of all of these are sort of,

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Speaker 1: you know, seem to be at least on the outer

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Speaker 1: edge or beyond the outer edge for the presidential authorities,

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Speaker 1: kind of pushing the limits of what at least has

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Speaker 1: been traditionally understood to be a president's power to go

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Speaker 1: uni ladder. So the big question is is it a bluff? Now?

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Speaker 1: Trump has sort of been moving in this direction. There's

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Speaker 1: a report a couple of weeks ago that that docta

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Speaker 1: ruling by the Supreme in Court in the eyes of

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Speaker 1: some and the administration gave them a roadmap to sort

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Speaker 1: of act unilaterally in particular withdraw enforcement of certain laws.

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Speaker 1: And so I think that might be maybe, you know,

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Speaker 1: a sign that they're willing to consider testing those waters.

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Speaker 1: As it's sort of, you know, looks increasingly like Congress

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Speaker 1: is going to be at odds for quite some time

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Speaker 1: on figuring out what next, what to do next. Josh,

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Speaker 1: let me rip up the scription cut to the chase here,

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Speaker 1: because you know, you do such a good job of

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Speaker 1: this in terms of just translating. So what does it

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Speaker 1: mean forget about the Beltway for a second, forget about

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Speaker 1: Wall Street for a second. What does it mean for

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Speaker 1: folks to need unemployment? What does it mean for folks

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Speaker 1: who are facing evictions? What would these executive orders do

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Speaker 1: for them? Well, it means that Trump might try to

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Speaker 1: do something and it wouldn't be clear really. You know.

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Speaker 1: For instance, he might say, look, if you have a job,

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Speaker 1: you might still be in Trump. You might still have

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Speaker 1: a job, and if you do, I'm not going to

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Speaker 1: enforce collection of the payroll taxes that you pay. Well,

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Speaker 1: your employer might still collect it, so that doesn't necessarily

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Speaker 1: be anywhere. And he might say that we're not going

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Speaker 1: to enforce eviction laws. Well, you know, cities do the same.

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Speaker 1: I don't know, you know, it gets into a sort

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Speaker 1: of untested waters of presidential authority. The big one, the

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Speaker 1: really risky one, seems to be that ui one. That

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Speaker 1: one seems to be the furthest sort of out of

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Speaker 1: what everyone agrees. The princes presidential powers are sort of

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Speaker 1: redirecting existing money on his own without Congress. Congress tends

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Speaker 1: to hold those purse strings. So right now, I think

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Speaker 1: if you, if you are, if you if your EI

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Speaker 1: top up has expired, if your landlord is banging on

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Speaker 1: your door for rent right now, you are no doubt

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Speaker 1: frustrated and looking for answers. I think I think that

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Speaker 1: these this this sort of announcement and signaling from the

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Speaker 1: White House is probably a bad sign because its the

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Speaker 1: White House doesn't think anything's gonna happening. So so I

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Speaker 1: could but to keep but the people who need answers

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Speaker 1: right now in terms of eviction notices and also in

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Speaker 1: terms of unemployment benefits. It could mean the you gotta

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Speaker 1: pay attention to the news for the next couple of

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Speaker 1: days because if something comes from the White House that

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Speaker 1: could directly impact you and what is going on, uh

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Speaker 1: and and we just don't know. But the President is

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Speaker 1: saying essentially that he could bypass Congress to allow for

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Speaker 1: negotiations on the broader Deal to continue and essentially provide

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Speaker 1: just some really the kicking of the can down the

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Speaker 1: road for lack of better words, that Republicans initially wanted

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Speaker 1: to do. He can just kind of bypass that. Okay,

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Speaker 1: So that's on the one hand, how it's directly impacts

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Speaker 1: He thinks he can but if but if he were

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Speaker 1: weight but but no, no, he can't bypass. This is

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Speaker 1: very important because if you're listening and you want to

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Speaker 1: know about the unemployment benefits and you want to know

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Speaker 1: about eviction notices, if he were to pass something through

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Speaker 1: executive order, it is not the major bill, it could

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Speaker 1: directly impact you in terms of whether or not when

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Speaker 1: you make payments. So we don't know the specifics as

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Speaker 1: Josh is reporting, and we don't know the details, but

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Speaker 1: pay attention because it could impact you over the next

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Speaker 1: forty eight hours. Now from a political let's get back

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Speaker 1: into it in the swamp. From a political matter, should

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Speaker 1: the president do that? Does it not allow for leadership

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Speaker 1: on Capitol Hill Josh and both parties to have a

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Speaker 1: prolonged battle if he takes away some of the stickier

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Speaker 1: issues and kicks it down the kicks the can down

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Speaker 1: the road with executive orders. Yeah, and it you know,

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Speaker 1: I think that there's at least a view that it

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Speaker 1: would trap Joe Biden, it would trap Nancy Pelosi. I

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Speaker 1: was speaking with the source who's been advising the administration

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Speaker 1: on this, and they said, look, let's say that he

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Speaker 1: pulls out the rug and tries to suspend those payroll taxes. Well,

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Speaker 1: what do you do with your Pelosi? You know, he's

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Speaker 1: already sort of conclaimed that he's at least tried the stimulus.

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Speaker 1: It may or may not work. That many of the

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Speaker 1: employers do. Biden would be forced to say, would you

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Speaker 1: make that collectible if you're elected or not? It would eventually,

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Speaker 1: I mean that people would be running up a debt

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Speaker 1: on payroll taxes that may or may not come due

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Speaker 1: down the road. So there's a there's a view here

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Speaker 1: that he needs to sort of retake control as things

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Speaker 1: sort of grind down into the mud in Congress. But again,

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Speaker 1: really untested territory. I think it just it speaks of

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Speaker 1: that frustration. Another thing that's been really interesting is this

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Speaker 1: flip on U I uh, you know, the White House

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Speaker 1: for weeks was saying, listen, you do I plus up

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Speaker 1: this extra six hundred bucks. All is doing is paying

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Speaker 1: people to stay home. It's hurting the recovery. We've gotta

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Speaker 1: get rid of it. We'll do something different, maybe seventy

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Speaker 1: your wages percent your wages, that kind of thing. The

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Speaker 1: problem is that the heck of a lot more complicated

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Speaker 1: for states to implement, and now the White House is

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Speaker 1: talking about not doing that, and even Trump today even

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Speaker 1: signals that he might want the more of the six

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Speaker 1: hundred dollars. So, you know, even nailing down the White

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Speaker 1: Houses position on do they want more unemployment or not

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Speaker 1: and if so, what should it look like? That's an

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Speaker 1: evolving target. I mean, and all you gotta do is

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Speaker 1: log on your Bloomberg terminal and see a shock where

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Speaker 1: some of the small business funds are going uh in

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Speaker 1: the allocations. And maybe maybe they're looking at the data

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Speaker 1: because we've talked about this Josh before you and made

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Speaker 1: Bloomberg's Josh Wingrove White House reporter. I mean a lot

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Speaker 1: of these traditionally conservative states are actually benefiting from I

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Speaker 1: don't want to say benefiting, but they're they're they're using

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Speaker 1: the unemployment benefits. I mean, everyone would prefer not to

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Speaker 1: have this pandemic. That's why I don't want to say benefiting.

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Speaker 1: And so maybe they're looking at that data that shows that, uh,

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Speaker 1: that that Republican states, traditionally conservative states are are directly

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Speaker 1: impacted by a lot. It's not just the cities, am

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Speaker 1: I right? Yeah, I mean this has been one of

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Speaker 1: those stories with reporters. Let me answer it this way,

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Speaker 1: where you get we're getting more emails from like real

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Speaker 1: folks than we normally do. Right, A lot of the

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Speaker 1: stuff that goes down and d see is not really

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Speaker 1: of interest to the average reader. But people, you know,

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Speaker 1: if you signed the lease in an apartment, you your

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Speaker 1: restaurant job or whatever hasn't been open for four months,

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Speaker 1: you're hurting. What do you do? You don't have money

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Speaker 1: to pay to break the lease. You don't money to

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Speaker 1: pay to make your payments. Your unemployment mayriment ou to

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Speaker 1: run out. Depending on what state you're in, the levels

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Speaker 1: range from really grim to still pretty grim. Uh. And

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Speaker 1: so you know, the people are in a bind right now.

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Speaker 1: And you know the Democrats have, uh, they're sort of

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Speaker 1: three or three point four whatever it is, trillion dollar

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Speaker 1: plan right now, Republicans really seem to not know which

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Speaker 1: way they want to go forward, other than that they

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Speaker 1: think that the Democrats are wanting to pour money out

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Speaker 1: of the airplanes, you know, willy nilly. So it's frustrating.

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Speaker 1: It's frustrating. In the meantime, you know, this virus continues

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Speaker 1: to go. The cases are thankfully is looking like they're platauing,

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Speaker 1: and even coming down a bit, but they certainly aren't

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Speaker 1: down at levels that you'd like to see them for

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Speaker 1: a reopening of the economy. And people are hurting, you know,

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Speaker 1: Rents do builds are piling up, and there's right now

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Speaker 1: no end in sight. It's not even a great breakdown, Josh.

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Speaker 1: I mean, I wish I could talk to you for

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Speaker 1: for forever, great great reporting, and it's not even that.

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Speaker 1: Folks are hurting. People are really feeling this. The effects

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Speaker 1: of this on it's it's unfathomable. And I think the

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Speaker 1: belt Way people, I don't think they can relate. I'm

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Speaker 1: Kevin Cirelli, Chief Washington Correspondent f for Broomberg TV and Radio.

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

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Speaker 1: with Kevin Surrel on Bloomberg and one oh five point

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Speaker 1: seven f M HD two. My name, it's Kevin Cereally,

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Speaker 1: I have the Chief Washington Chorus. I have the Chief

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Speaker 1: Washington correspondent of Bloomberg Television and from Bloomberg Radio. And uh,

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Speaker 1: I've been on a Billy Joel kick. You know. I

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Speaker 1: was listening to the Ballot of Billy the Kid earlier

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Speaker 1: and I love that song. I haven't. I haven't been

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Speaker 1: on a Billy Joel kick in years. What's your favorite

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Speaker 1: Billy Joel song? Wendy Benjaminson's on the line. She's the

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Speaker 1: Bloomberg Politics editor. Wendy, do you like Billy Joel? Can

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Speaker 1: you sing us a song? I would not sing aro,

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Speaker 1: but I do like New York state of Mind. That's

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Speaker 1: all right, that's a going. I also like summer highland falls.

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Speaker 1: It's very it's very as as as the as the

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Speaker 1: cool kids say, it's very appropriate for the times that

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Speaker 1: we live in some uh summer highland falls anyway, Uh, Wendy,

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Speaker 1: I don't know how to say I see I see

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Speaker 1: the tropical storm. Yes, I don't know how to say it.

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Speaker 1: But did you survive it? I mean, he's I I is.

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Speaker 1: I practice it in the break. But between that and

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Speaker 1: a droxiclor quine, I can only focus on the political terms.

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Speaker 1: For what I know how to say the sacred. I'm

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Speaker 1: not a weather man, Bloomberg. I'm not a meteorologist umlogist,

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Speaker 1: but I can say meteorologists, all right. I hear that

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Speaker 1: you're really big on a story that I'm really excited,

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Speaker 1: not excited, but also very much following, and that's all

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Speaker 1: mail and voting. What did the President say today about

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Speaker 1: mail and voting? What did he say today today? He

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Speaker 1: said that Florida's mail in balloting system is safe and

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Speaker 1: secure and that all Floridians should vote mail and balance.

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Speaker 1: That comes on the heels of the real clear politics

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Speaker 1: ever Jo Pole showing that Biden is up six point

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Speaker 1: two percentage points in Florida and the fact that three

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Speaker 1: hundred thousand more Democrats than Republicans have applied for mail

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Speaker 1: and balance um in a state that is suffering terribly

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Speaker 1: from the coronavirus. So I think Donald Trump is worried

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Speaker 1: that Republicans are listening to him and not enthused about

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Speaker 1: mail and voting, and then we'll stay home, which would

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Speaker 1: be bad for him. So, but what I find fascinating

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Speaker 1: is uh sent of Jarity. Leader Mitch McConnell was asked

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Speaker 1: about this in an interview with my friend gretav An

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Speaker 1: Sustern on Great TV over the weekend, and he actually

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Speaker 1: is a bit more receptive of mail in voting than

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Speaker 1: President Trump is. And I think that some Republicans, whether

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Speaker 1: it's Governor Larry Hogan, whether it's Leader McConnell This is

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Speaker 1: not a simple Republicans are for this and Democrats are

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Speaker 1: for that. Republicans are really divided in terms of how

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Speaker 1: people should be voting on this. Honestly, I'm not sure

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Speaker 1: how to find that they are. I think it finds

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Speaker 1: me Trump versus everyone else. I might be Can versus

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Speaker 1: everyone else. I mean, most Republicans this year are fine

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Speaker 1: with absently and vail and something because people, especially older

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Speaker 1: people who tend to be more consolative, are nervous about

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Speaker 1: standing in line and the polling place, um, you know,

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Speaker 1: and so they are people want to do mail and voting.

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Speaker 1: And if you want to encourage people to turn out

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Speaker 1: for you as the president and whoever else, then mail

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Speaker 1: and absentee voting, which is the same thing, by the way,

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Speaker 1: is the way to go. So all right, switching gears now,

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Speaker 1: you know, and and mail and voting, by the way,

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Speaker 1: is really going to impact the way that Americans received

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Speaker 1: their election night news. Every expert, and I've been interviewing

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Speaker 1: several experts for a project that I'll tell you about

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Speaker 1: in the next couple of days, but every expert that

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Speaker 1: I've been interviewing has said that we might not have

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Speaker 1: the election night result for the presidential election until a

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Speaker 1: couple of days after, simply because if the race is close,

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Speaker 1: uh and the or the electoral college race is close,

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Speaker 1: if you're allowed to postmark your ballot on election day,

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Speaker 1: even if it's like ten percent of the votes in

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Speaker 1: a battleground state, ten percent of the votes is is

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Speaker 1: incredibly incredibly important. So it's gonna be very different in

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Speaker 1: terms of how we uh we we received some of

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Speaker 1: the election news. And I think that's why you're hearing

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Speaker 1: the President talked about it as well. But definitely something

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Speaker 1: we should all be preparing for and and it could

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Speaker 1: end up in the courts as well, and there's been

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Speaker 1: a host of different Democratic and Republican examples of that.

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Speaker 1: All right, Wendy Benjaminson, what am I going to find

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Speaker 1: out that Joe Biden picks for his VP. You will

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Speaker 1: probably find out next week. Um. He told everyone last

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Speaker 1: week and then pointed out that he hasn't been so

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Speaker 1: supposedly than the top six. And you will do another

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Speaker 1: round top three, and at which will Randy Benjaminson. Wendy

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Speaker 1: Benjaminson is on the line. She is a good friend

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Speaker 1: of mine and I am always always sad when her

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Speaker 1: services in and out. So, honey, if there's any way

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Speaker 1: you could step to I feel bad because I know

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Speaker 1: I've asked you to do this before. But there's any

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Speaker 1: way you can move to some place where you might

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Speaker 1: get a little bit better of reception, that would be awesome.

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Speaker 1: But otherwise we that is so much better wherever you are.

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Speaker 1: Freezing place, freeze in place, Freeze in place. Wendy Benjamins

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Speaker 1: and Bloomberg Politics editor on that issue, don't worry about it.

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Speaker 1: You know, I could talk to you, Wendy forever. You

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Speaker 1: know that. When for for on the issue of who,

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Speaker 1: I mean, who's on the shortlist, I mean, we're Susan Rice.

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Speaker 1: I thought that she's kind of had a resurgence of sorts,

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Speaker 1: you know, in terms of the media Ted Shin and

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Speaker 1: what people are saying. Susan Rice, Kamala Harris. Kamala Harris,

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Speaker 1: by the way, just went out UH and and was

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Speaker 1: speaking UH in an interview and really attacked President Trump.

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Speaker 1: But she has been for quite some time calling him petty,

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Speaker 1: self involved in weak. So clearly she's saying that she

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Speaker 1: wants to go on the political attack if she's on

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Speaker 1: the the other half of the ticket. Yeah, So it

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Speaker 1: looks to us like it could be Kamala Harris, the

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Speaker 1: California senator you were just talking about. It could be

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Speaker 1: Susan Rice, who was Obama's national security advisor and the

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Speaker 1: one top candidate that Joe Biden actually personally knows very well. Um.

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Speaker 1: Karen Beth out of the Congressional Black Caucus is another

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Speaker 1: top contender. Tammy Duckworth, decorated combat vet, another top contender. Um.

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Speaker 1: You know those are among the And Elizabeth Warren is

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Speaker 1: still out there as a possible choice. But we're not

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Speaker 1: really we're not really bullish on Elizabeth Warre and I

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Speaker 1: mean on her chances of becoming And now that we've

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Speaker 1: said that, it'll be like, you know, Biden Warre and

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Speaker 1: and and we'll all be like scratching our heads and

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Speaker 1: replaying the tape. Wendy, what else. I don't have a

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Speaker 1: story prepared for it. Hey, remember back all those years

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Speaker 1: ago when it was Sarah Palin, you know, the freshman

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Speaker 1: governor from Alaska caught everybody off guard. I was skipping

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Speaker 1: class back in Delco and trying to go see you know,

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Speaker 1: and it was Lieber, Remember Lieber, and ever thought of

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Speaker 1: McCain was gonna pick Lieberman and whatnot, and I was,

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Speaker 1: you know, and then it was what she said, what

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Speaker 1: was that line? Uh, lipstick on a pig, remember that

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Speaker 1: line or whatever? The hockey moms and everything. It was fast. See,

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Speaker 1: I'm really gonna just admit how much of a life

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Speaker 1: I do not have that I go back and I

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Speaker 1: watch all of these old interviews. This is what I

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Speaker 1: did on Sunday, which is sad, but I watched like

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Speaker 1: the Obama Biden rollout interview, and then the Clinton Pale

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Speaker 1: or the Clinton Palin, the the McCain Palin rollout. Of

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Speaker 1: course you gotta watch the Katie Kirk one. You know,

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Speaker 1: you go down that YouTube more who could Well, we're

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Speaker 1: both gonna get in trouble for that. Okay. What else

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Speaker 1: is on your radar in terms of the political front?

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Speaker 1: Your team is just killing it, Jen Epstein and of

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Speaker 1: course Tyler Pager and the whole, the whole, the whole

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Speaker 1: host of of of your team is just killing it.

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Speaker 1: What's on your radar? Oh? Probably this notion of the

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Speaker 1: secret Trump volder, the person who will not tell posters

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Speaker 1: that they really are going to vote for Trump. That's

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Speaker 1: very real, how it could be very well could be

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Speaker 1: and that could mean that, you know, we're surprised again

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Speaker 1: even though we keep looking at the poles. I was

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Speaker 1: signing them earlier just now. Um, So that's that's definitely

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Speaker 1: on my radar, that it's not over till it's over,

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Speaker 1: you know. And I'm not going to tell you who,

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Speaker 1: but I might be related to a couple of those,

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Speaker 1: uh to a couple, and you might be too, Wendy.

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Speaker 1: I think we've talked about that back in Texas, in

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Speaker 1: your in your Texas days. All right, Wendy benjamin'son Bloomberg's

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Speaker 1: politics editor and a good friend of mine. Do we

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Speaker 1: have any Billy Joeld to carry us out before we reset?

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Speaker 1: There it is, Wendy, This is for you. Thank you anytime, Wendy.

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Speaker 1: I hope we get stuck in your head. Remember you

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Speaker 1: can download the Bloomberg Sound on podcast on Apple iTunes,

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Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app.

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Speaker 1: You can also find me on Radio dot com, I

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Speaker 1: Heart Radio, or Spotify. Coming up more policy and politics

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Speaker 1: right here on Bloomberg. Why from our nations? How do

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

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Speaker 1: is impacting farmers. What does this do for the United

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Speaker 1: States relationship with China? Bloomberg Sound Off, the insiders, the influencers,

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Speaker 1: the insides. We're responding to this crisis and manufacturers ors

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Speaker 1: stepping up like never before. You're looking at Sweveny Kennedy

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Speaker 1: for different vaccines. How do we make sure a pandemic

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Speaker 1: of this scale never happens again? This is Bloomberg Sound

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Speaker 1: On with Kevin's on Bloomberg and one h D two.

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Speaker 1: The latest coming from the White House with regards to

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Speaker 1: economic stimulus. Plus I'll give you the latest on the

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Speaker 1: US and China talks. This as most sides say they're

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Speaker 1: gonna talk trade. Both sides say they are going to

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Speaker 1: talk trade. Uh, and UH, we're gonna dive into it.

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Speaker 1: We've got an all star panel as we await for

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Speaker 1: President Trump to speak to the nation at his press

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Speaker 1: conference in the five thirty half hour. And we're following

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Speaker 1: what everyone is talking about. UH this evening, which is

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Speaker 1: the White House is now offering some new proposals to

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Speaker 1: jolt the virus relief talks. And stocks closed higher in

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Speaker 1: part due to that uh development. That news plus some

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Speaker 1: positive rhetoric coming from Speaker Pelosi and Senate Minority Leader

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Speaker 1: Chuck Schumer. I'm gonna read now from the Bloomberg Terminal,

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Speaker 1: Eric Wasson, Laura Liffin, and Stephen T. Dennis reporting tonight. Quote.

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Speaker 1: The White House is delivering fresh offers on a virus

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Speaker 1: relief package and talks with top Democrats. This according to

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Speaker 1: Mark Meadows, the President's chief of staff and Secretary Manution,

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Speaker 1: but both sides are still remaining far apart. Neither Manution

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Speaker 1: nor Meadows gave specifics in terms of what the offer

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Speaker 1: would include, but Manution is saying that if Democrats are

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Speaker 1: serious on negotiating, we can do a deal quickly. It comes, folks,

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Speaker 1: as the President is saying that he is ready to

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Speaker 1: utilize some executive orders. He's ready to to bust out

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Speaker 1: the presidential pen and try to make some headway on

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Speaker 1: the issue pertaining two unemployment benefits and potentially even evictions.

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Speaker 1: And if you're trying if that directly impacts you. We

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Speaker 1: don't have the details of what specifically that's going to mean,

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Speaker 1: but once we get them, I promise we'll we'll dive

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Speaker 1: into the specific because I think, unfortunately, so much of

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Speaker 1: the conversation UH in the media right now is on

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Speaker 1: the process of whether or not they can get to

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Speaker 1: a deal, and we forget that there are millions of

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Speaker 1: Americans who are directly directly impacted by the decisions that

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Speaker 1: are happening virtually in real time. But if it does

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Speaker 1: affect you, pay attention because at five thirty Eastern this

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Speaker 1: half hour, President Trump is going to give a press

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Speaker 1: conference and you can listen to it actually right here

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Speaker 1: on Bloomberg FM. And he's likely going to get questions

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Speaker 1: specifically on what executive orders he would utilize and how

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Speaker 1: that would happen. And uh, we're gonna have our Eric

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Speaker 1: Wawson also on standby force to help translate some of

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Speaker 1: that jargon. Here to translate some of this jargon right now.

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Speaker 1: Jennifer and the Sour. She is a Republican strategist, former

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Speaker 1: chairwoman to the Massachusetts Republican Party, and founder for Conservative

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Speaker 1: Women for a Better Future in Kristen Han, democratic strategist,

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

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Speaker 1: Coalition CAN Comunications director Kristen Jennifer thrilled to have you

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Speaker 1: both with me for the hour. I do want to

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Speaker 1: talk to the individual who's listening right now who has

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Speaker 1: directly impacted Kristen by the impass on both sides, and

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Speaker 1: they're all blaming each other. But the impast from Washington

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Speaker 1: d C on unemployment benefits and on UH evictions in particular.

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Speaker 1: So what from a strategic standpoint, should the President decide

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Speaker 1: to use the pen? Should he decide to to do

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Speaker 1: UH executive orders that could provide some relief so that

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Speaker 1: the so that McConnell and Pelosi and Emolution can continue

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Speaker 1: to have this back and forth, same old fiscal cliff

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Speaker 1: debate that I guess they think is equivalent to to

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Speaker 1: what happened several years ago with a shutdown, even though

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Speaker 1: we all know it's worse, right, Yeah, I mean, I

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Speaker 1: think at the end of the day, the end of

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00:23:50,400 --> 00:23:52,960
Speaker 1: the day, you really need members of Congress to come

429
00:23:53,000 --> 00:23:55,480
Speaker 1: together on both sides. Yeo. I think it's become pretty

430
00:23:55,480 --> 00:23:58,280
Speaker 1: clear that nothing's gonna get done in the short term

431
00:23:58,440 --> 00:24:01,480
Speaker 1: or even more importantly in the law term um as

432
00:24:01,520 --> 00:24:04,120
Speaker 1: we deal with COVID nineteam. The repercussions on the economy

433
00:24:04,160 --> 00:24:07,440
Speaker 1: and the health of the country if Republicans and Democrats

434
00:24:07,560 --> 00:24:10,560
Speaker 1: in the House and the Senate don't come together and

435
00:24:10,560 --> 00:24:12,560
Speaker 1: and try to work together to find a solution because

436
00:24:12,600 --> 00:24:15,240
Speaker 1: at the end of the day, Um, people are hurting.

437
00:24:15,400 --> 00:24:20,000
Speaker 1: They need relief, particularly with regard to unemployment, benefits and evictions. UM.

438
00:24:20,040 --> 00:24:22,600
Speaker 1: You know, the Democrats put out and passed their proposal

439
00:24:23,160 --> 00:24:26,800
Speaker 1: months ago in the House. Um. The problem, you know

440
00:24:26,880 --> 00:24:30,080
Speaker 1: has been over the past several weeks, Uh, Senate Republicans

441
00:24:30,119 --> 00:24:33,480
Speaker 1: not being able to come to agreement within their own conference. UM.

442
00:24:33,800 --> 00:24:36,760
Speaker 1: So you know thats posed some just just some problems

443
00:24:36,800 --> 00:24:39,359
Speaker 1: across the board. Um. If you can't come together as

444
00:24:39,400 --> 00:24:41,560
Speaker 1: a party and come to the table with the Democrats

445
00:24:41,800 --> 00:24:44,600
Speaker 1: and have some serious negotiations, it's difficult to even have

446
00:24:44,680 --> 00:24:46,160
Speaker 1: a starting point. But at the end of the day,

447
00:24:46,440 --> 00:24:49,040
Speaker 1: people are hurting. People have to do stuff. UM. You know,

448
00:24:49,080 --> 00:24:51,159
Speaker 1: I work with a lot of these Democrats in the

449
00:24:51,200 --> 00:24:54,679
Speaker 1: House or or more business money in the center, and UM,

450
00:24:54,760 --> 00:24:57,080
Speaker 1: a lot of them are you know, they don't want

451
00:24:57,080 --> 00:25:01,320
Speaker 1: to go home the houses on a twenty four hour Um.

452
00:25:01,359 --> 00:25:05,359
Speaker 1: Yeahsolutely for our callback right now. UM, if there is

453
00:25:05,359 --> 00:25:07,919
Speaker 1: an agreement on these things. UM, but many of them

454
00:25:08,000 --> 00:25:10,200
Speaker 1: have have said I'm staying here until we get something done.

455
00:25:10,240 --> 00:25:14,960
Speaker 1: So clearly there's a political uh you know, uh calculation here.

456
00:25:15,000 --> 00:25:17,560
Speaker 1: But but what really matters, and what they care about is,

457
00:25:17,800 --> 00:25:20,399
Speaker 1: you know, they're constituents and the people that really need this. Jennifer,

458
00:25:20,400 --> 00:25:21,320
Speaker 1: I want to go to you in a second, but

459
00:25:21,359 --> 00:25:22,920
Speaker 1: I want to follow up right there with Kristen because

460
00:25:22,920 --> 00:25:24,760
Speaker 1: I'll ripped the script up for for right there. I mean,

461
00:25:24,960 --> 00:25:26,720
Speaker 1: they don't want to go home, no matter what party

462
00:25:26,760 --> 00:25:28,840
Speaker 1: they're in, these rank and file members, because they don't

463
00:25:28,880 --> 00:25:31,680
Speaker 1: have anything to sell. Speaker Pelosi and Leader McConnell have

464
00:25:31,800 --> 00:25:34,439
Speaker 1: backed them into such a corner that they can't go

465
00:25:34,520 --> 00:25:38,080
Speaker 1: home because their constituents, millions of Americans and again, I

466
00:25:38,080 --> 00:25:40,000
Speaker 1: mean I'm not on the surreally soapbox, but I am

467
00:25:40,000 --> 00:25:43,360
Speaker 1: going to say millions of Americans who are not inside

468
00:25:43,359 --> 00:25:45,439
Speaker 1: of the belt Way, who are not lapped and tapped

469
00:25:45,440 --> 00:25:50,480
Speaker 1: into the Washington D C. Beltway economy, they are hurting.

470
00:25:50,560 --> 00:25:54,680
Speaker 1: Is an understatement. And so for these rank and file members,

471
00:25:54,840 --> 00:25:59,040
Speaker 1: they're going back and they're even if they're in safe seats,

472
00:25:59,119 --> 00:26:04,639
Speaker 1: they can't sell anything right now because Minutian Pelosi, Meadows McConnell,

473
00:26:05,200 --> 00:26:08,040
Speaker 1: and who am I forgetting, they're all up there. Uh

474
00:26:08,080 --> 00:26:11,840
Speaker 1: and and they've yet to get to a serious compromise.

475
00:26:12,840 --> 00:26:14,959
Speaker 1: I mean, I would say at least Lucy's and she

476
00:26:15,200 --> 00:26:19,600
Speaker 1: is they she passed something the They Caucus, not that Kristen.

477
00:26:19,640 --> 00:26:21,840
Speaker 1: I got interrupted because if you were a Republican, you

478
00:26:21,880 --> 00:26:23,959
Speaker 1: would tell me McConnell pass something. But I want to

479
00:26:23,960 --> 00:26:26,320
Speaker 1: focus on the point. But I want to focus on

480
00:26:26,359 --> 00:26:29,920
Speaker 1: the point, Kristen, of of the notion of these rank

481
00:26:30,000 --> 00:26:32,760
Speaker 1: and file members that you deal with who don't have

482
00:26:32,800 --> 00:26:35,560
Speaker 1: a seat at the negotiating table or have their backs

483
00:26:35,680 --> 00:26:38,920
Speaker 1: against a wall because they don't have anything to sell

484
00:26:39,000 --> 00:26:42,240
Speaker 1: to their constituents, and and and they don't have anything

485
00:26:42,320 --> 00:26:45,000
Speaker 1: to talk about. Your No, you're exactly right, and I was.

486
00:26:45,119 --> 00:26:47,399
Speaker 1: I was definitely getting to that point. I mean, it

487
00:26:47,440 --> 00:26:50,040
Speaker 1: doesn't matter whether you passed something out of one chamber

488
00:26:50,160 --> 00:26:52,199
Speaker 1: or the other chamber, and it doesn't get signed into

489
00:26:52,200 --> 00:26:54,760
Speaker 1: a lot and people don't see the benefits. So you know,

490
00:26:54,840 --> 00:26:57,479
Speaker 1: this is a time when you know the these I

491
00:26:57,480 --> 00:26:59,280
Speaker 1: know I always say this because I kind of sit

492
00:26:59,320 --> 00:27:02,160
Speaker 1: in the center of saying, but these these leaders need

493
00:27:02,200 --> 00:27:05,200
Speaker 1: to come together because it is not going to get

494
00:27:05,240 --> 00:27:07,760
Speaker 1: done on a partisan basis. You can, you can put

495
00:27:07,840 --> 00:27:09,880
Speaker 1: up your flags, and you can you can talk about

496
00:27:09,880 --> 00:27:11,800
Speaker 1: where you want to start, but you really got to

497
00:27:11,800 --> 00:27:14,720
Speaker 1: start negotiations in a serious way. I don't necessarily think

498
00:27:14,720 --> 00:27:16,320
Speaker 1: it would be the worst thing for the President to

499
00:27:16,760 --> 00:27:18,800
Speaker 1: try to do something in the interim, But you're right,

500
00:27:18,840 --> 00:27:22,600
Speaker 1: the members, particularly these members, I mean members across the board.

501
00:27:22,600 --> 00:27:25,560
Speaker 1: Like it's not just the monitors, it's all over the caucus.

502
00:27:25,560 --> 00:27:27,760
Speaker 1: And now I think Republicans probably too. I don't want

503
00:27:27,760 --> 00:27:32,040
Speaker 1: to speak for my Republican car and no one wants

504
00:27:32,080 --> 00:27:35,719
Speaker 1: to go home. We're going on recess for three weeks,

505
00:27:35,800 --> 00:27:41,360
Speaker 1: peace out, and you know, meanwhile, you're crazy, it's crazy.

506
00:27:41,480 --> 00:27:44,000
Speaker 1: It's it's literally crazy, Jennifer. We we're gonna come back

507
00:27:44,040 --> 00:27:46,000
Speaker 1: and talk much more about this coming up, but I

508
00:27:46,160 --> 00:27:48,560
Speaker 1: and in the minute but that we have left for

509
00:27:48,640 --> 00:27:51,760
Speaker 1: this block, let me ask you this. On the issue

510
00:27:51,760 --> 00:27:54,800
Speaker 1: of unemployment benefits. We're speaking about this a little bit earlier.

511
00:27:55,160 --> 00:27:57,680
Speaker 1: The President Trump is signaling that he's willing to take

512
00:27:57,720 --> 00:28:01,359
Speaker 1: executive orders to extend unemployment benefits, and Republicans are a

513
00:28:01,400 --> 00:28:03,720
Speaker 1: little bit divided on that, but I mean, it's it's

514
00:28:03,840 --> 00:28:08,199
Speaker 1: quite popular for some Republican lawmakers who are representing constituents

515
00:28:08,200 --> 00:28:10,119
Speaker 1: who are really impacted by this, and we've got to

516
00:28:10,160 --> 00:28:14,200
Speaker 1: keep it quick. But we'll talk about it more coming up, Jennifer. Yeah, absolutely.

517
00:28:14,240 --> 00:28:16,320
Speaker 1: I mean I think you know, they're kind of between

518
00:28:16,320 --> 00:28:18,520
Speaker 1: a rock and a hard place on this one, because

519
00:28:18,560 --> 00:28:20,919
Speaker 1: you do have some members who have been in office

520
00:28:20,960 --> 00:28:23,800
Speaker 1: for a while who are really, you know, representing more

521
00:28:23,840 --> 00:28:26,679
Speaker 1: blue collar areas where people have been out of work

522
00:28:27,119 --> 00:28:31,040
Speaker 1: and can joon't have the luxury to work from home. Um,

523
00:28:31,080 --> 00:28:33,399
Speaker 1: and so they hold that. Yeah, and let's pick that

524
00:28:33,440 --> 00:28:35,280
Speaker 1: up right when we come back with Jennifer and Chris

525
00:28:35,359 --> 00:28:37,080
Speaker 1: and Jennifer. I'm sorry to catch off. You'll get the

526
00:28:37,080 --> 00:28:39,640
Speaker 1: first first word when we come back. I'm Kevin SERELLI.

527
00:28:39,880 --> 00:28:56,880
Speaker 1: You're listening to Bloomberg nine one. This is Bloomberg's sound

528
00:28:56,920 --> 00:29:00,600
Speaker 1: on with Kevin Surreley on Bloomberg and I nine one

529
00:29:00,680 --> 00:29:04,760
Speaker 1: and one all five point seven MHD two. I need

530
00:29:04,800 --> 00:29:08,720
Speaker 1: a new show to watch. I'm I've watched so much

531
00:29:09,440 --> 00:29:13,480
Speaker 1: trashy shows on all the streaming platforms. I guess I'm

532
00:29:13,480 --> 00:29:15,640
Speaker 1: not allowed to say with streaming platforms I use, because

533
00:29:15,640 --> 00:29:18,160
Speaker 1: then it's like an endorsement. I don't know. I'm Kevin CURRELI.

534
00:29:18,160 --> 00:29:20,640
Speaker 1: I'm the chief Washington correspondent for Bloomberg Television and from

535
00:29:20,640 --> 00:29:24,680
Speaker 1: Bloomberg Radio. Christen Hallen, Democratic strategist, is with us? Got

536
00:29:24,680 --> 00:29:26,880
Speaker 1: a little heated there in the A block, Kristen, I'm

537
00:29:26,920 --> 00:29:29,120
Speaker 1: fired enough today? Is not? Surely? In the break, told

538
00:29:29,120 --> 00:29:33,800
Speaker 1: me jenniferns Or, Republican strategist, former chairwoman of the Massachusetts

539
00:29:33,840 --> 00:29:37,959
Speaker 1: Republican Party and founder for Conservative Women for a Better Future. Jennifer,

540
00:29:37,960 --> 00:29:44,320
Speaker 1: what should I be streaming? Oh? So, I love I

541
00:29:44,360 --> 00:29:52,040
Speaker 1: love Billions and Oz. Yeah, too smart for me. I

542
00:29:52,120 --> 00:29:54,000
Speaker 1: was I was at while while the other day after

543
00:29:54,040 --> 00:29:55,640
Speaker 1: I got off air for the morning, and I was

544
00:29:55,680 --> 00:29:57,520
Speaker 1: I was face timing with my cousin Andy. She's a

545
00:29:57,600 --> 00:30:01,280
Speaker 1: nurse back in uh in Philly and a children's hospital,

546
00:30:01,520 --> 00:30:03,120
Speaker 1: and she was on her way up to the Poconos

547
00:30:03,200 --> 00:30:05,160
Speaker 1: and uh. She was telling me that she just got

548
00:30:05,200 --> 00:30:07,880
Speaker 1: into Loss. That I thought Lost. I grew up in

549
00:30:07,920 --> 00:30:10,320
Speaker 1: the I watched. I watched Lost every Wednesday night with

550
00:30:10,360 --> 00:30:12,120
Speaker 1: the kids on my street. And we had to wait

551
00:30:12,120 --> 00:30:14,840
Speaker 1: when they found the hatch spoiler spoiler alert. When they

552
00:30:14,840 --> 00:30:16,800
Speaker 1: found the hatch at the end of the first season,

553
00:30:17,200 --> 00:30:19,760
Speaker 1: I had to wait all summer before the new episode.

554
00:30:19,800 --> 00:30:23,160
Speaker 1: All right, Jennifer, let's talk policy now. Enough about streaming,

555
00:30:23,160 --> 00:30:24,960
Speaker 1: and well, I guess, I guess it's kind of a

556
00:30:25,000 --> 00:30:29,200
Speaker 1: segue with billions as we talk about these economic still

557
00:30:29,440 --> 00:30:32,880
Speaker 1: stimulus talks. But for real, I mean Republicans are are

558
00:30:33,200 --> 00:30:36,840
Speaker 1: are divided in terms of the impact that the unemployment

559
00:30:36,840 --> 00:30:39,360
Speaker 1: benefits are having on their constituents. Why do you think

560
00:30:39,400 --> 00:30:43,080
Speaker 1: that is, Jennifer Well, I mean because you have some

561
00:30:43,360 --> 00:30:45,680
Speaker 1: you have I mean, everyone is small over the country rate.

562
00:30:45,720 --> 00:30:48,920
Speaker 1: So if you have you know, someone who is from

563
00:30:48,960 --> 00:30:53,600
Speaker 1: a more blue collar or more industrial area who is

564
00:30:53,640 --> 00:30:57,520
Speaker 1: a Republican, their their view is going to be different

565
00:30:57,560 --> 00:31:01,400
Speaker 1: than a Republican maybe in a white holler area right

566
00:31:01,440 --> 00:31:04,640
Speaker 1: where people can work from home, and it's just different

567
00:31:04,680 --> 00:31:07,840
Speaker 1: logistics that they maybe aren't getting laid off at the

568
00:31:08,040 --> 00:31:11,520
Speaker 1: at the rate of other folks. And so you know

569
00:31:11,720 --> 00:31:13,960
Speaker 1: number I mean in plus, I think the Republican Party

570
00:31:14,000 --> 00:31:16,040
Speaker 1: is in US right now. I think that there's so

571
00:31:16,120 --> 00:31:19,920
Speaker 1: much friction, there's so much to this, you know, divisiveness,

572
00:31:20,000 --> 00:31:22,520
Speaker 1: and and you could go back to a Christian was

573
00:31:22,560 --> 00:31:26,120
Speaker 1: saying earlier, I mean, this is why we should have

574
00:31:26,280 --> 00:31:29,880
Speaker 1: term limits, because once you're there and you've become part

575
00:31:29,880 --> 00:31:34,160
Speaker 1: of the foundation in DC, it's almost as if you

576
00:31:34,240 --> 00:31:37,160
Speaker 1: just stick your heels in the ground and you don't

577
00:31:37,160 --> 00:31:38,800
Speaker 1: want to move and you don't want to do anything.

578
00:31:38,800 --> 00:31:41,440
Speaker 1: And the only people who get hurt it's not those

579
00:31:41,480 --> 00:31:44,840
Speaker 1: in leadership. It's those rank and file members that's far

580
00:31:45,400 --> 00:31:48,560
Speaker 1: held accountable when they go home. It's the first term

581
00:31:48,920 --> 00:31:52,200
Speaker 1: the second term ers that have to go home and

582
00:31:52,280 --> 00:31:54,440
Speaker 1: bring home the bacon, and they're not bringing anything back.

583
00:31:54,720 --> 00:31:58,960
Speaker 1: You know. The candidate Trump uh really embraced the idea

584
00:31:59,000 --> 00:32:02,840
Speaker 1: of term limits, so you know, it always pulls significantly

585
00:32:02,920 --> 00:32:07,000
Speaker 1: popular during the during the elections. That's a really interesting point.

586
00:32:07,080 --> 00:32:10,440
Speaker 1: I'm surprised, Jennifer that more that that term limits hasn't

587
00:32:10,480 --> 00:32:13,680
Speaker 1: become an issue on the down ballot racest. Then again,

588
00:32:13,720 --> 00:32:15,560
Speaker 1: I guess if you're in office, why would you why

589
00:32:15,560 --> 00:32:19,320
Speaker 1: would you want to limit? No one's ever going to say,

590
00:32:19,360 --> 00:32:20,840
Speaker 1: you know what, I only want my job to be

591
00:32:20,960 --> 00:32:24,680
Speaker 1: six years or eight years. But you hear this. You

592
00:32:24,800 --> 00:32:27,560
Speaker 1: hear this with Biden, Kristen Hall, and I mean, rip

593
00:32:27,640 --> 00:32:29,440
Speaker 1: up the script for a second. You hear that Biden,

594
00:32:29,840 --> 00:32:33,040
Speaker 1: you know, has kind of played into this whole notion

595
00:32:33,160 --> 00:32:37,160
Speaker 1: of maybe only doing one term. Yeah, I think it's

596
00:32:37,160 --> 00:32:39,600
Speaker 1: a little bit different on the presidential level. With the

597
00:32:39,720 --> 00:32:42,800
Speaker 1: members of Congress who have two year terms, and having

598
00:32:42,920 --> 00:32:45,880
Speaker 1: run races in those tough districts for Democrats to win.

599
00:32:45,960 --> 00:32:49,160
Speaker 1: I've never seen this issue really been something that resonates

600
00:32:49,160 --> 00:32:51,360
Speaker 1: over the long term. Um Biden, I thing is a

601
00:32:51,400 --> 00:32:54,400
Speaker 1: little bit of a different um situation because this age,

602
00:32:54,400 --> 00:32:56,800
Speaker 1: and it's so important who he picks. It's always important

603
00:32:56,840 --> 00:32:59,600
Speaker 1: to pick for your vice presidential running mate. Um. But

604
00:32:59,640 --> 00:33:01,560
Speaker 1: if he's a little bit of a different situation there,

605
00:33:01,800 --> 00:33:04,440
Speaker 1: all right. Well, speaking with the idea of of these

606
00:33:04,520 --> 00:33:07,680
Speaker 1: unemployment benefits that the President has suggested he might be

607
00:33:08,600 --> 00:33:12,320
Speaker 1: willing to utilize Executive Order on and Jennifer just outlined

608
00:33:12,360 --> 00:33:16,240
Speaker 1: for us, Kristen how blue collar workers and both traditionally

609
00:33:16,280 --> 00:33:19,600
Speaker 1: Democratic and Republican states really benefiting from that. I don't

610
00:33:19,600 --> 00:33:22,480
Speaker 1: want to say that word benefiting, really impacted. Impacted is

611
00:33:22,520 --> 00:33:27,240
Speaker 1: the more precise word, because benefited suggests that people don't

612
00:33:27,240 --> 00:33:29,040
Speaker 1: want to be at work right now because of the pandemic.

613
00:33:29,080 --> 00:33:31,440
Speaker 1: And I just don't believe that the majority of Americans

614
00:33:31,440 --> 00:33:33,840
Speaker 1: have that in their and their d n A. I

615
00:33:33,920 --> 00:33:38,720
Speaker 1: you know, I think we're a gritty, uh scrappy society

616
00:33:38,880 --> 00:33:43,280
Speaker 1: that that loves and embraces work. But what do I know, So, Kristen,

617
00:33:43,680 --> 00:33:47,720
Speaker 1: but from that perspective though, with through that lens, you know,

618
00:33:47,960 --> 00:33:50,920
Speaker 1: I'm struck by the University of Chicago study that came out.

619
00:33:50,960 --> 00:33:52,760
Speaker 1: I think it was sixty percent. It was, it was

620
00:33:52,840 --> 00:33:57,200
Speaker 1: sixty percent of Americans, according to this study that received

621
00:33:57,280 --> 00:34:01,040
Speaker 1: unemployment benefits are earning more on unemployed him at versus

622
00:34:01,240 --> 00:34:03,720
Speaker 1: should they not be. And then in contrast, a Yale

623
00:34:03,720 --> 00:34:06,280
Speaker 1: study came out like in the same week and said

624
00:34:06,320 --> 00:34:09,360
Speaker 1: that's not the case at all. So there's conflicting data

625
00:34:09,440 --> 00:34:13,520
Speaker 1: coming from from from from higher education. But from a

626
00:34:13,600 --> 00:34:18,759
Speaker 1: purely political matter, this undemployment benefits, it doesn't really it's

627
00:34:18,760 --> 00:34:23,080
Speaker 1: touching people of all different political stripes. Am I wrong? No?

628
00:34:23,200 --> 00:34:25,920
Speaker 1: I think you're exactly right. Um, And this is becoming

629
00:34:25,960 --> 00:34:29,040
Speaker 1: it's it's interesting where people are not necessarily falling down

630
00:34:29,640 --> 00:34:33,640
Speaker 1: on political lines like they were. Um, in that extends,

631
00:34:33,719 --> 00:34:36,759
Speaker 1: you know, to the individual and also um, you know,

632
00:34:37,000 --> 00:34:40,320
Speaker 1: with regard to helping the state, with the federal government

633
00:34:40,520 --> 00:34:43,680
Speaker 1: providing funds for the states to help out, um, you know,

634
00:34:44,400 --> 00:34:46,640
Speaker 1: the people who need it, who need it the most.

635
00:34:46,640 --> 00:34:49,760
Speaker 1: So I think you're exactly right. Um. You know, people

636
00:34:49,800 --> 00:34:53,120
Speaker 1: of all poolical stripes or are being impacted by this

637
00:34:53,239 --> 00:34:55,160
Speaker 1: and what we've seen is that, you know, you do

638
00:34:55,280 --> 00:35:00,560
Speaker 1: have to consider, um, you know, whether they're maybe some

639
00:35:00,640 --> 00:35:03,160
Speaker 1: people out there who see a benefit of just staying

640
00:35:03,200 --> 00:35:05,760
Speaker 1: home and they're making more money. But by and large,

641
00:35:05,800 --> 00:35:08,680
Speaker 1: what what members are seeing and their constituents they're saying

642
00:35:09,040 --> 00:35:11,319
Speaker 1: is exactly what you said. They want to get back

643
00:35:11,320 --> 00:35:13,799
Speaker 1: to work. Um, they want to earn a living, and

644
00:35:14,280 --> 00:35:17,200
Speaker 1: there are just not jobs out there right now, so

645
00:35:17,239 --> 00:35:20,520
Speaker 1: many all the way down the all the way down

646
00:35:20,560 --> 00:35:23,440
Speaker 1: the chain. Um. You know, we hear a lot about restaurants,

647
00:35:23,440 --> 00:35:26,200
Speaker 1: but you think about all the farmers that provide the

648
00:35:26,280 --> 00:35:28,840
Speaker 1: food for those restaurants and and the supply chains. You

649
00:35:28,920 --> 00:35:31,680
Speaker 1: go all the way down, and it's it's really disheartening. Well,

650
00:35:31,719 --> 00:35:36,760
Speaker 1: and Howard Schultz, he's the former UH CEO of Starbucks.

651
00:35:36,800 --> 00:35:40,319
Speaker 1: He's now the Starbucks CEO emuretus Uh. And of course

652
00:35:40,360 --> 00:35:43,799
Speaker 1: he had launched that third party bid for president. It

653
00:35:43,880 --> 00:35:47,560
Speaker 1: was unsuccessful, but he actually organized a letter. Did you

654
00:35:47,560 --> 00:35:49,759
Speaker 1: both see this, Jennifer and christ And he organized the

655
00:35:49,880 --> 00:35:56,959
Speaker 1: letter with a hundred of the CEOs Walmart, Disney Mark.

656
00:35:57,520 --> 00:35:59,359
Speaker 1: And in this letter, I thought it was interesting because

657
00:35:59,400 --> 00:36:02,120
Speaker 1: it's not just it's not just you know, constituents who

658
00:36:02,160 --> 00:36:04,920
Speaker 1: are putting pressure on on leadership. It's also the business

659
00:36:04,920 --> 00:36:07,920
Speaker 1: community now. And in this letter this really stood out

660
00:36:07,960 --> 00:36:11,440
Speaker 1: to me. It said, quote he's urging for economic stimulus,

661
00:36:11,440 --> 00:36:14,880
Speaker 1: he says, quote, this is not a call for bottomless handouts.

662
00:36:15,160 --> 00:36:19,000
Speaker 1: It is a defining moment to show how capitalism can

663
00:36:19,040 --> 00:36:24,080
Speaker 1: benefit all Americans, particularly entrepreneurs who have been forced to

664
00:36:24,200 --> 00:36:28,160
Speaker 1: shutter or reduce the capacity of their businesses through no

665
00:36:28,400 --> 00:36:32,160
Speaker 1: fault of their own. We cannot stress enough the urgent

666
00:36:32,239 --> 00:36:35,560
Speaker 1: need to act. Every day that passes without a comprehensive

667
00:36:35,560 --> 00:36:39,360
Speaker 1: recovery program makes recovery more difficult by labor day. We

668
00:36:39,400 --> 00:36:42,200
Speaker 1: foresee a wave of permanent closures if the right steps

669
00:36:42,440 --> 00:36:45,719
Speaker 1: are not taken soon or next time. Kevin SURREALI if

670
00:36:45,719 --> 00:36:58,799
Speaker 1: you're listening to Bloomberg, this is Bloomberg. Sound on with

671
00:36:58,880 --> 00:37:03,319
Speaker 1: Kevin Surrel on Bloomberg and one or five point seven

672
00:37:03,400 --> 00:37:07,200
Speaker 1: f HD two. My name is Kevin S. Really. I'm

673
00:37:07,200 --> 00:37:10,080
Speaker 1: the chief Washington correspondent for Bloomberg Television and for bloom

674
00:37:10,120 --> 00:37:13,080
Speaker 1: for Bloomberg Radio. In the break, Falco who's running the

675
00:37:13,120 --> 00:37:15,680
Speaker 1: boards today along with Charlie Bolmer The end of Fatigable

676
00:37:15,800 --> 00:37:18,560
Speaker 1: Charlie Volmer, Uh they were telling me, I've got to

677
00:37:18,600 --> 00:37:23,680
Speaker 1: watch Miracle Workers, which I googled and it looks really good.

678
00:37:23,800 --> 00:37:25,560
Speaker 1: And then they were there's this other show that takes

679
00:37:25,560 --> 00:37:27,520
Speaker 1: place in Canada that I'm not allowed to say on air.

680
00:37:27,600 --> 00:37:31,560
Speaker 1: Baratas said, don't say it, don't get don't get don't

681
00:37:31,600 --> 00:37:34,040
Speaker 1: get it, don't get anyone in trouble. Kevin, You've been

682
00:37:34,120 --> 00:37:37,239
Speaker 1: so good staying out of trouble. But I can't get

683
00:37:37,239 --> 00:37:39,280
Speaker 1: into that show. You know, the one I'm talking about.

684
00:37:39,360 --> 00:37:42,239
Speaker 1: Don't say it, Kristen, don't say it, Jennifer. They're still

685
00:37:42,280 --> 00:37:46,800
Speaker 1: with us, Kristen halln Democratic strategist, Jennifer the sore Republican strategist.

686
00:37:46,840 --> 00:37:49,040
Speaker 1: But I can't get into that show. I try, but

687
00:37:49,120 --> 00:37:50,800
Speaker 1: every time I see it, I'm like, that's the lady

688
00:37:50,840 --> 00:37:55,800
Speaker 1: from home alone get it, and I just can't. I can't.

689
00:37:55,560 --> 00:37:58,080
Speaker 1: I can't do it. Kristen. I just I'm not there.

690
00:37:58,239 --> 00:38:00,680
Speaker 1: We're on stand by Kristen and jenn have you are

691
00:38:00,680 --> 00:38:04,919
Speaker 1: you watching it? I'm not. I'm in the Goliath these days.

692
00:38:05,520 --> 00:38:09,040
Speaker 1: Important that's my show, right, I've been I've been rewatching

693
00:38:09,080 --> 00:38:13,160
Speaker 1: the office, you know, I'm just because no one works

694
00:38:13,200 --> 00:38:15,560
Speaker 1: at the Bloomberg Bureau anymore. I'm like one of five

695
00:38:15,600 --> 00:38:20,560
Speaker 1: people here. Everything's virtual, so I live vicariously through Steve Carrell,

696
00:38:21,040 --> 00:38:23,680
Speaker 1: Jennifer and a store of Republican strategist, former chairwoman of

697
00:38:23,719 --> 00:38:28,360
Speaker 1: Massachusetts Republican Party and founder for Conservative Women for a

698
00:38:28,400 --> 00:38:32,880
Speaker 1: Better Future. Uh anyway, some really we're on standby for

699
00:38:32,920 --> 00:38:37,400
Speaker 1: real for for President Trump's daily Coronavirus Task Force briefing,

700
00:38:37,400 --> 00:38:39,240
Speaker 1: and I'm hoping that we're going to get some details

701
00:38:39,239 --> 00:38:42,719
Speaker 1: on what executive orders he's pursuing. Jennifer and Kristen. If

702
00:38:42,719 --> 00:38:49,160
Speaker 1: I interrupt you, it's because I um, it's because I

703
00:38:49,160 --> 00:38:52,840
Speaker 1: have to toss to to the president. Um, so please

704
00:38:53,239 --> 00:38:57,960
Speaker 1: do not be offended. There were some really really horrific

705
00:38:57,960 --> 00:39:00,960
Speaker 1: news today and and and I'll seriousness, there was a

706
00:39:01,000 --> 00:39:04,880
Speaker 1: deadly Bayroot port blast that rocked a nation already in despair.

707
00:39:04,880 --> 00:39:07,759
Speaker 1: And I'm reading from the Bloomberg terminal. A massive explosion

708
00:39:07,800 --> 00:39:12,000
Speaker 1: at Lebanon's main port rocked Bay Route, overwhelming hospitals dealing

709
00:39:12,000 --> 00:39:14,600
Speaker 1: with the injured and dying. The blast was so large

710
00:39:14,640 --> 00:39:16,759
Speaker 1: that a blue out windows across the capitol and was

711
00:39:16,840 --> 00:39:20,759
Speaker 1: even heard from Cyprus. Authorities say it was caused by

712
00:39:20,880 --> 00:39:25,000
Speaker 1: a highly explosive materials at the port, but didn't say

713
00:39:25,120 --> 00:39:27,560
Speaker 1: whether it was an accident or an attack, So the

714
00:39:27,600 --> 00:39:30,960
Speaker 1: details are still coming out about this. The casualty toll

715
00:39:31,040 --> 00:39:33,680
Speaker 1: continued to climb through the night on Tuesday, with the

716
00:39:33,680 --> 00:39:37,439
Speaker 1: health ministers saying around eleven pm Local that sixty seven

717
00:39:37,560 --> 00:39:40,720
Speaker 1: people had lost their lives and some thirty six hundred

718
00:39:40,719 --> 00:39:43,399
Speaker 1: people were injured. So the video footage, did you did

719
00:39:43,440 --> 00:39:47,600
Speaker 1: you see the video footage? It's horrific the video it's

720
00:39:47,640 --> 00:39:51,760
Speaker 1: really yes, I mean, it was just horrible. Video footage

721
00:39:51,800 --> 00:39:55,319
Speaker 1: showed what appeared to be a fire, followed by crackling

722
00:39:55,440 --> 00:39:58,880
Speaker 1: lights and then a much larger explosion as an enormous

723
00:39:58,880 --> 00:40:02,319
Speaker 1: cloud of smoke rapidly engulf the area around the Port

724
00:40:02,360 --> 00:40:05,000
Speaker 1: of Bay Route and buildings in the area and miles away.

725
00:40:05,040 --> 00:40:09,400
Speaker 1: We're severely damaged, including the electricity company and other government entities.

726
00:40:09,440 --> 00:40:13,319
Speaker 1: So we're carefully following that story. Uh So that's what

727
00:40:13,400 --> 00:40:18,560
Speaker 1: was happening overseason in Lebanon. But switching gears on another

728
00:40:18,640 --> 00:40:20,919
Speaker 1: foreign policy dynamic, and I do want to talk about

729
00:40:20,920 --> 00:40:24,440
Speaker 1: this with Jennifer and Kristen is on the US and China,

730
00:40:24,600 --> 00:40:28,080
Speaker 1: there's been a dizzying amount of of of headlines that

731
00:40:28,120 --> 00:40:30,000
Speaker 1: have come out in the past couple of days about

732
00:40:30,080 --> 00:40:32,920
Speaker 1: US China relations. We of course are following the TikTok

733
00:40:33,000 --> 00:40:36,560
Speaker 1: developments with regards to Microsoft. They say that they're going

734
00:40:36,600 --> 00:40:39,040
Speaker 1: to get to some type of deal, or the administration

735
00:40:39,120 --> 00:40:41,480
Speaker 1: says they that TikTok bike Dance has got to sell

736
00:40:41,520 --> 00:40:47,040
Speaker 1: TikTok by September. I've got that bonded and underlined and

737
00:40:47,120 --> 00:40:51,919
Speaker 1: highlighted in the Currell calendar because that is also when

738
00:40:51,960 --> 00:40:55,520
Speaker 1: I'm hearing Republicans and Democrats on Capitol Hill are gonna

739
00:40:55,520 --> 00:41:00,479
Speaker 1: announce their version of some bipartisan policy initiatives from their

740
00:41:00,520 --> 00:41:04,200
Speaker 1: working group about what can get addressed UH in a

741
00:41:04,280 --> 00:41:07,799
Speaker 1: nonpartisan way on the U S and China. So I

742
00:41:07,840 --> 00:41:11,000
Speaker 1: think from a September standpoint, it could be a really

743
00:41:11,040 --> 00:41:14,759
Speaker 1: important month for US and China relations. The other thing

744
00:41:14,920 --> 00:41:18,400
Speaker 1: on my radar for US and China UH as it

745
00:41:18,480 --> 00:41:21,680
Speaker 1: relates to that, is that in mid August, I think

746
00:41:21,719 --> 00:41:25,120
Speaker 1: it was right it was dal Jones reported this UH

747
00:41:25,200 --> 00:41:28,799
Speaker 1: that they are going to have a meeting day. Vice

748
00:41:28,840 --> 00:41:31,760
Speaker 1: Premier Laha and Secretaryvenution are going to have a meeting

749
00:41:32,239 --> 00:41:36,880
Speaker 1: for enforcement on US China trade relations. I think We're

750
00:41:36,920 --> 00:41:38,560
Speaker 1: gonna be talking a lot about China in the next

751
00:41:38,600 --> 00:41:43,080
Speaker 1: couple of days, especially as we continue to follow TikTok Uh,

752
00:41:43,120 --> 00:41:46,080
Speaker 1: and I think we're gonna also be hearing a lot

753
00:41:46,120 --> 00:41:51,839
Speaker 1: more about the trade developments. Jennifer, China is probably one

754
00:41:51,840 --> 00:41:55,879
Speaker 1: of the most important foreign policy issues in the race.

755
00:41:59,160 --> 00:42:02,160
Speaker 1: And I think, you know, what we've seen is that Trump,

756
00:42:02,280 --> 00:42:04,720
Speaker 1: I think, has been you know, dealing with this head

757
00:42:04,800 --> 00:42:07,560
Speaker 1: on um where we had we did not see this

758
00:42:07,880 --> 00:42:11,200
Speaker 1: in the Button and Obama administration. And so you know,

759
00:42:11,280 --> 00:42:15,239
Speaker 1: I give him some credit for taking this on and

760
00:42:15,440 --> 00:42:18,560
Speaker 1: you know, we the stories have come out and again

761
00:42:18,640 --> 00:42:22,359
Speaker 1: it's you know, it's feels he said. She said, it's

762
00:42:22,719 --> 00:42:25,520
Speaker 1: kind of thing. But I mean from being focused on

763
00:42:25,640 --> 00:42:29,160
Speaker 1: China as an ideological threat, being focused on China for

764
00:42:29,360 --> 00:42:33,520
Speaker 1: the espionage um. And so I think that there's a

765
00:42:33,560 --> 00:42:37,200
Speaker 1: lot going on there. There's a lot of interests there. Um,

766
00:42:37,280 --> 00:42:41,200
Speaker 1: you know, is it is it more teriff is it no? Uh,

767
00:42:41,520 --> 00:42:45,120
Speaker 1: you know, nothing, no sort of import you know, bringing

768
00:42:45,120 --> 00:42:48,440
Speaker 1: more jobs back here and less job there. So it

769
00:42:48,440 --> 00:42:51,319
Speaker 1: will be really interesting to see. But this is definitely

770
00:42:51,360 --> 00:42:56,920
Speaker 1: an important foreign policy area for the election. And you know, honestly,

771
00:42:57,080 --> 00:43:00,160
Speaker 1: the Republicans have always done better on foreign policy, see

772
00:43:00,200 --> 00:43:03,160
Speaker 1: them the Democrats, And so if Trump can play his

773
00:43:03,239 --> 00:43:06,239
Speaker 1: cards right and the Republicans can figure this out, I

774
00:43:06,320 --> 00:43:10,160
Speaker 1: think this could be key for him. I take it

775
00:43:10,239 --> 00:43:13,839
Speaker 1: Christian that do you have a different interpretation than Jennifer does.

776
00:43:18,400 --> 00:43:19,959
Speaker 1: I don't know. If I grew as a blankets Stavid

777
00:43:20,000 --> 00:43:23,279
Speaker 1: Revols have always been better on foreign policy than Will.

778
00:43:23,320 --> 00:43:26,840
Speaker 1: Kind of let that stand, uh just for now. But

779
00:43:27,960 --> 00:43:31,080
Speaker 1: I really I've been following this TikTok situation and I

780
00:43:31,120 --> 00:43:34,719
Speaker 1: think it has so it's so enchanced, so many implications

781
00:43:34,760 --> 00:43:38,359
Speaker 1: for for our personal information, because that's a very big

782
00:43:38,400 --> 00:43:42,120
Speaker 1: issue with those Republicans and Democrats across the country. And

783
00:43:42,160 --> 00:43:44,719
Speaker 1: you've seen, you know, with TikTok in general, you've seen

784
00:43:45,120 --> 00:43:48,440
Speaker 1: Democrats and Republicans and the president race concerns over it.

785
00:43:48,800 --> 00:43:52,160
Speaker 1: I think that you know, this, this September fifteen deadline

786
00:43:52,239 --> 00:43:55,440
Speaker 1: is really interesting because you know, the president through a

787
00:43:55,480 --> 00:43:58,600
Speaker 1: wrention of things and from a business perspective. Uh, And

788
00:43:58,680 --> 00:44:01,960
Speaker 1: what complicated things recently is that Trump kind of randomly

789
00:44:02,000 --> 00:44:05,279
Speaker 1: said that the government should get a piece of this transaction, um,

790
00:44:05,320 --> 00:44:07,480
Speaker 1: which really doesn't make any sense. It's not kind of

791
00:44:07,480 --> 00:44:10,080
Speaker 1: clear what what he's talking about when he talks about that,

792
00:44:10,120 --> 00:44:15,520
Speaker 1: But it's also not we don't know, um what TikTok

793
00:44:15,600 --> 00:44:18,640
Speaker 1: has been handing, you know, what type of information with

794
00:44:18,680 --> 00:44:20,719
Speaker 1: regard to their users that they've been handing to the

795
00:44:21,040 --> 00:44:23,000
Speaker 1: handing over to the Chinese government. I mean, that's a

796
00:44:23,160 --> 00:44:25,600
Speaker 1: sixty four thousand dollar question. Now we don't know a

797
00:44:25,640 --> 00:44:28,879
Speaker 1: lot of those things about our our company's headquartered here, um,

798
00:44:28,880 --> 00:44:31,440
Speaker 1: So there are a lot of questions. It's it's understandable

799
00:44:31,480 --> 00:44:34,840
Speaker 1: that there are a lot of concerns within the business community,

800
00:44:35,520 --> 00:44:38,600
Speaker 1: among Republicans and Democrats on Capitol Hill and the Senate

801
00:44:38,640 --> 00:44:41,080
Speaker 1: and the House, and so it'll be interesting to see

802
00:44:41,120 --> 00:44:43,200
Speaker 1: how this how this plays off that you know, clearly,

803
00:44:43,200 --> 00:44:45,480
Speaker 1: when the President said that he was considering banning at

804
00:44:45,480 --> 00:44:48,719
Speaker 1: the US Microsoft, you know immediately kicked in action. It

805
00:44:48,760 --> 00:44:51,160
Speaker 1: was very concerned about that. But you know U S.

806
00:44:51,239 --> 00:44:55,000
Speaker 1: China relations are very complicated across the board with regard

807
00:44:55,080 --> 00:44:58,840
Speaker 1: to trade, you know, all kinds of interference in our elections.

808
00:44:58,880 --> 00:45:01,040
Speaker 1: We know that they've tried to do that, um have

809
00:45:01,480 --> 00:45:05,359
Speaker 1: succeeded some extent um. So you know, I think it's

810
00:45:05,400 --> 00:45:08,839
Speaker 1: it's it's it's a very this, this meeting um will

811
00:45:08,880 --> 00:45:11,880
Speaker 1: be very interesting to follow. I'm glad you have it

812
00:45:11,960 --> 00:45:15,280
Speaker 1: on your radar so well. I think you know people

813
00:45:15,320 --> 00:45:19,320
Speaker 1: are looking at this and saying, are not people China

814
00:45:19,400 --> 00:45:21,880
Speaker 1: is looking at this. China Si jing Ping, the Communist

815
00:45:21,920 --> 00:45:24,160
Speaker 1: Party of China is looking at this, and they're saying

816
00:45:24,239 --> 00:45:26,719
Speaker 1: that that the US is taken too aggressive of an

817
00:45:26,719 --> 00:45:31,440
Speaker 1: approach and and and dealing with byte dances, TikTok and

818
00:45:31,600 --> 00:45:33,920
Speaker 1: and trying to get Microsoft on board. Well, what about

819
00:45:33,960 --> 00:45:36,200
Speaker 1: what they did with the NBA a couple of months

820
00:45:36,200 --> 00:45:39,120
Speaker 1: ago when they shut down the n b A in

821
00:45:39,120 --> 00:45:42,480
Speaker 1: in China, you know, with because of because of a

822
00:45:42,480 --> 00:45:46,040
Speaker 1: tweet that was sent out with regards to Hong Kong.

823
00:45:46,239 --> 00:45:48,880
Speaker 1: And and you know, the largest market outside of the

824
00:45:48,960 --> 00:45:52,960
Speaker 1: United States for the National Basketball Association is China. I mean, so,

825
00:45:53,040 --> 00:45:55,279
Speaker 1: I mean it's not like China hasn't done this to

826
00:45:55,360 --> 00:45:57,440
Speaker 1: the United States. I mean, no, one's living under a

827
00:45:57,520 --> 00:46:01,000
Speaker 1: rock here as it relates to what happened. And actually,

828
00:46:01,040 --> 00:46:04,360
Speaker 1: just on that note, Senator Marsha Blackburn, a Republican from Tennessee,

829
00:46:04,360 --> 00:46:09,120
Speaker 1: has been really emerging as the hawk ish Republican on

830
00:46:09,120 --> 00:46:12,239
Speaker 1: on on Capitol Hill that has been really taking an

831
00:46:12,239 --> 00:46:17,320
Speaker 1: interest along with Senator Holly On on the National Basketball Association.

832
00:46:17,440 --> 00:46:20,480
Speaker 1: So it really is culturally, I think what you're noticing

833
00:46:20,600 --> 00:46:23,040
Speaker 1: right now, whether it's with apps that are popular with

834
00:46:23,080 --> 00:46:26,120
Speaker 1: the youths UH in TikTok or in Major League sports,

835
00:46:26,120 --> 00:46:31,239
Speaker 1: with the National Basketball Association, some cultural dynamics UH ricocheting

836
00:46:31,280 --> 00:46:35,080
Speaker 1: between the Western and Eastern hemispheres UH in real time,

837
00:46:35,239 --> 00:46:38,160
Speaker 1: and and and and with all of this going on

838
00:46:38,239 --> 00:46:41,719
Speaker 1: with regards to UH, the coronavirus, Hong Kong, and of

839
00:46:41,719 --> 00:46:45,080
Speaker 1: course so many other different issues on the US and

840
00:46:45,160 --> 00:46:48,440
Speaker 1: China front Panel stays. We're still on standby for President Trump.

841
00:46:48,480 --> 00:46:51,520
Speaker 1: Download the Bloomberg sound On podcast on Apple iTunes, at

842
00:46:51,520 --> 00:46:54,319
Speaker 1: Bloomberg dot com, or by downloading the Bloomberg Business app.

843
00:46:54,320 --> 00:46:56,560
Speaker 1: You can also find me on Radio dot com, I

844
00:46:56,640 --> 00:47:02,040
Speaker 1: Heart Radio and Spotify and UH Death. I had the

845
00:47:02,080 --> 00:47:04,840
Speaker 1: Michael Jordan documentaries on Netflix. I saw that, but I

846
00:47:04,840 --> 00:47:07,080
Speaker 1: watched that in real time. Much more coming up next.

847
00:47:07,080 --> 00:47:09,200
Speaker 1: I'm Kevin Sireli. You're listening to Bloomberg Night and nine.

848
00:47:24,280 --> 00:47:27,759
Speaker 1: You're listening to Bloomberg Sound On with Kevin Sirele on

849
00:47:27,840 --> 00:47:31,520
Speaker 1: Bloomberg and one oh five point seven m h d

850
00:47:31,640 --> 00:47:36,200
Speaker 1: two of Kevin Siratley, chief Washington correspondent for Bloomberg Television

851
00:47:36,239 --> 00:47:39,480
Speaker 1: and for Bloomberg Radio. If you haven't been following Emily

852
00:47:39,600 --> 00:47:42,120
Speaker 1: Chang on Bloomberg Technology, please do it because she is

853
00:47:42,160 --> 00:47:45,840
Speaker 1: as an interview with Bill Gates uh formerly of Microsoft

854
00:47:45,880 --> 00:47:48,960
Speaker 1: of course the Gates Foundation and everything a major player. Uh.

855
00:47:49,000 --> 00:47:50,839
Speaker 1: And it's it's a really good interview. You can log

856
00:47:50,880 --> 00:47:54,680
Speaker 1: onto wherever you get access to Bloomberg online on your

857
00:47:54,680 --> 00:47:56,920
Speaker 1: apps and check it out because Emily is one of

858
00:47:56,920 --> 00:48:00,759
Speaker 1: the hardest working reporters at Bloomberg. And I'm oh, I've

859
00:48:00,800 --> 00:48:03,239
Speaker 1: always been a fan of Emily changing and Bloomberg Technology.

860
00:48:03,719 --> 00:48:06,120
Speaker 1: She's got the pulse of Silicon Valley and and everything

861
00:48:06,120 --> 00:48:09,200
Speaker 1: that's going on out there. So check that out. Um.

862
00:48:09,360 --> 00:48:14,479
Speaker 1: And Jim Moore, hard NASA's deputy administrator, is also uh

863
00:48:14,719 --> 00:48:17,600
Speaker 1: talking about preparing for a mission to mars Hey. If

864
00:48:17,600 --> 00:48:19,800
Speaker 1: you need a reporter to send out her space. Kevin

865
00:48:19,840 --> 00:48:25,240
Speaker 1: surreally is ready to go, joining us now for around

866
00:48:25,360 --> 00:48:29,560
Speaker 1: out the hour. That made the producers laugh. Jennifernsur Hey,

867
00:48:29,680 --> 00:48:34,759
Speaker 1: They're like, send him, send him up. Jennifer Nasre, Republican strategist,

868
00:48:34,800 --> 00:48:38,120
Speaker 1: former chairwoman of the Massachusetts Republican Party and founder for

869
00:48:38,239 --> 00:48:42,160
Speaker 1: Conservative Women for a Better Future, And Kristen Hallens, Democratic strategist,

870
00:48:42,160 --> 00:48:45,920
Speaker 1: senior advisor at Rock Solutions and former Blue Dog Coalitions

871
00:48:45,960 --> 00:48:51,080
Speaker 1: communications director. We're still awaiting the President Trump still no

872
00:48:51,760 --> 00:48:53,759
Speaker 1: uh war, but you can listen to it right here

873
00:48:54,200 --> 00:48:56,399
Speaker 1: on Bloomberg nine and I one f M. I will

874
00:48:56,400 --> 00:48:58,600
Speaker 1: bring it to you if he comes out to talk

875
00:48:58,600 --> 00:49:01,359
Speaker 1: about it. It's now time for my favorite part of

876
00:49:01,400 --> 00:49:04,800
Speaker 1: the show. What is on your radar? Who wants to

877
00:49:04,840 --> 00:49:07,640
Speaker 1: go first? Christen? You're going first? What is on your radar?

878
00:49:09,239 --> 00:49:10,960
Speaker 1: First of all? Kevin? I think I've said this on

879
00:49:10,960 --> 00:49:13,279
Speaker 1: this show before. I I believe eACT will be the

880
00:49:13,320 --> 00:49:19,759
Speaker 1: first up take cover, So I would love that. You know,

881
00:49:19,800 --> 00:49:22,120
Speaker 1: I didn't Lance Bass trying to go to space if

882
00:49:22,120 --> 00:49:25,520
Speaker 1: I had my pop pop culture. Wasn't that a thing

883
00:49:26,000 --> 00:49:30,759
Speaker 1: hey lads sent? But did he not go? Did he

884
00:49:30,840 --> 00:49:34,439
Speaker 1: make it? I can't remember. I feel like we would

885
00:49:34,480 --> 00:49:36,880
Speaker 1: remember if you made it to Mars. No, I mean,

886
00:49:36,920 --> 00:49:39,480
Speaker 1: no one's been to Mars yet. All right. Anyway, I'm

887
00:49:39,520 --> 00:49:41,680
Speaker 1: a huge space hard That's one thing. I really am,

888
00:49:41,680 --> 00:49:45,360
Speaker 1: a huge, huge, huge space nerd. I love Armageddon, Interstellar,

889
00:49:45,400 --> 00:49:47,880
Speaker 1: Interstellar such a great movie. I saw like five thoughts. Anyway,

890
00:49:48,040 --> 00:49:51,359
Speaker 1: what's on your radar, Christen Han you know, I mean

891
00:49:51,719 --> 00:49:55,000
Speaker 1: I'm going I'm going super local here. UM. You know

892
00:49:55,239 --> 00:49:59,080
Speaker 1: what's really popping on in you know some of these

893
00:49:59,200 --> 00:50:03,440
Speaker 1: these we calms swing districts where there are some you know,

894
00:50:03,640 --> 00:50:06,120
Speaker 1: democratic candidt as I speak from the Democratic side of

895
00:50:06,120 --> 00:50:09,440
Speaker 1: the aisle. UM, you know who are who are seeing

896
00:50:09,800 --> 00:50:14,440
Speaker 1: pretty significant movement UM with regard to support for President

897
00:50:14,480 --> 00:50:17,160
Speaker 1: Trump in in not a good way. And it's going

898
00:50:17,239 --> 00:50:20,800
Speaker 1: to because of response to COVID. UM. It's it's movement

899
00:50:20,840 --> 00:50:25,280
Speaker 1: in states like Kentucky, in Kansas, UM and and and

900
00:50:25,480 --> 00:50:29,359
Speaker 1: you know even from states and districts in North Carolina. UM.

901
00:50:29,680 --> 00:50:32,880
Speaker 1: So it's been really interesting to see, um, you know,

902
00:50:33,760 --> 00:50:36,120
Speaker 1: rising support for Biden in a lot of ways. This

903
00:50:36,200 --> 00:50:41,520
Speaker 1: selection is going to be a referendum on President Trump. UM.

904
00:50:41,640 --> 00:50:45,560
Speaker 1: The messaging that that I'm seeing that you know, our

905
00:50:45,600 --> 00:50:47,800
Speaker 1: opponents on the Republican side are putting out is a

906
00:50:47,800 --> 00:50:51,480
Speaker 1: lot to do with China, like we discussed earlier. UM.

907
00:50:51,600 --> 00:50:55,560
Speaker 1: And uh, you know, the health care is very personal

908
00:50:55,680 --> 00:50:58,279
Speaker 1: to people and they're being impacted right now, and it's

909
00:50:58,320 --> 00:51:00,320
Speaker 1: so fascinating to me, Like I have a friend and

910
00:51:00,360 --> 00:51:02,799
Speaker 1: I was going to a friend who's his father better

911
00:51:02,920 --> 00:51:06,920
Speaker 1: for Trump. He's he's he's always voted for Republicans. But

912
00:51:07,680 --> 00:51:11,080
Speaker 1: you know, he has a car used car dealership in Arkansas,

913
00:51:11,160 --> 00:51:13,840
Speaker 1: and you know, he needs help and he doesn't, like

914
00:51:13,840 --> 00:51:16,879
Speaker 1: he said, he wants to work. He but he needs help.

915
00:51:17,000 --> 00:51:20,040
Speaker 1: And for the first time, uh, my friends that his

916
00:51:20,080 --> 00:51:24,480
Speaker 1: father kind of understood the concept of, you know, that

917
00:51:24,680 --> 00:51:28,560
Speaker 1: type of the federal government assistance, whereas before in his mind,

918
00:51:28,680 --> 00:51:30,720
Speaker 1: it was just people who didn't want to work taking

919
00:51:30,719 --> 00:51:34,160
Speaker 1: government handouts. So it's a it's a fundamental shift that

920
00:51:35,320 --> 00:51:38,640
Speaker 1: I'm kind of seeing with these anecdotes and and and

921
00:51:38,760 --> 00:51:41,920
Speaker 1: internal pulling that some of these candidates are doing on

922
00:51:41,960 --> 00:51:45,200
Speaker 1: the ground about you know, what people care about and

923
00:51:45,200 --> 00:51:48,359
Speaker 1: what they see its traditionally Republican and Democratic values on

924
00:51:48,400 --> 00:51:50,960
Speaker 1: both sides are kind of they're changing, um and it's

925
00:51:51,040 --> 00:51:55,000
Speaker 1: changing the way people are running their races in their districts.

926
00:51:55,040 --> 00:51:57,800
Speaker 1: All right, It's one thing to have that on your radar, Jennifer,

927
00:51:58,040 --> 00:52:01,360
Speaker 1: what's on your radar? So I'm going to take a

928
00:52:01,400 --> 00:52:04,879
Speaker 1: slightly different approach than Kristen did. So I'm a mom,

929
00:52:05,040 --> 00:52:08,280
Speaker 1: I've got kids in school, and elementary and high school.

930
00:52:08,440 --> 00:52:12,919
Speaker 1: And I think that it's still too early to say

931
00:52:12,960 --> 00:52:15,279
Speaker 1: what the selection is going to be about, because I

932
00:52:15,320 --> 00:52:18,000
Speaker 1: think where we're going to start seeing a swing is

933
00:52:18,080 --> 00:52:21,920
Speaker 1: when kids are not going back to school, and we're

934
00:52:21,960 --> 00:52:27,160
Speaker 1: going to start seeing a shift when moms mostly have

935
00:52:27,400 --> 00:52:31,040
Speaker 1: to figure out education plans for their kids, when school

936
00:52:31,040 --> 00:52:34,160
Speaker 1: districts don't go back, when teachers unions are coming in

937
00:52:34,239 --> 00:52:38,040
Speaker 1: and saying, defund the police, otherwise we're not going back,

938
00:52:38,400 --> 00:52:40,120
Speaker 1: which one doesn't have to do with the other, but

939
00:52:40,200 --> 00:52:44,480
Speaker 1: they're negotiating a whole bunch of political statements instead of

940
00:52:44,520 --> 00:52:48,160
Speaker 1: actually thinking about the kids that they are educating. Would

941
00:52:48,160 --> 00:52:50,359
Speaker 1: be like a doctor going to medical school and coming

942
00:52:50,400 --> 00:52:52,480
Speaker 1: out and saying, hey, you know, I thought I was

943
00:52:52,520 --> 00:52:54,920
Speaker 1: going to go in and help someone who has cancer.

944
00:52:55,040 --> 00:52:57,560
Speaker 1: I'm not going to go tree to COVID patient. And

945
00:52:57,640 --> 00:53:00,080
Speaker 1: so if these school districts and these teachers you and

946
00:53:00,200 --> 00:53:03,520
Speaker 1: don't get their act together and figure out real plans

947
00:53:03,560 --> 00:53:07,440
Speaker 1: for students, whether they are in person learning hybrid models

948
00:53:07,719 --> 00:53:12,359
Speaker 1: or real remote plans, you are going to see suburban

949
00:53:13,000 --> 00:53:18,440
Speaker 1: educated women start coming out in droves for Trump. Quietly,

950
00:53:18,800 --> 00:53:21,879
Speaker 1: but they will come out because it appears as those

951
00:53:21,960 --> 00:53:25,640
Speaker 1: Democrats are in bed with the teachers unions and I'm

952
00:53:25,680 --> 00:53:28,480
Speaker 1: not gonna say definitely christ And Okay, I don't like that,

953
00:53:28,760 --> 00:53:33,120
Speaker 1: but it appears to be that way. Um. I think

954
00:53:33,160 --> 00:53:37,320
Speaker 1: that that will that will cause a seismic shift because

955
00:53:37,480 --> 00:53:40,040
Speaker 1: women will just hold their nose and say it's about

956
00:53:40,040 --> 00:53:42,719
Speaker 1: our families and it's about our kids, and that's going

957
00:53:42,760 --> 00:53:46,080
Speaker 1: to be game changing. All right, that's what's on your indar.

958
00:53:46,120 --> 00:53:49,760
Speaker 1: So it's a very different approaches from Jennifer and Kristen. Okay,

959
00:53:50,040 --> 00:53:52,439
Speaker 1: I'm gonna this is what's on my radar, and it's

960
00:53:52,480 --> 00:53:55,200
Speaker 1: actually been on my radar for a couple of days.

961
00:53:55,239 --> 00:53:57,960
Speaker 1: It's been this side story that kind of has to

962
00:53:58,000 --> 00:54:01,280
Speaker 1: do with our times, but not really. Did you guys

963
00:54:01,280 --> 00:54:04,920
Speaker 1: hear about this Florida teenager who the Fed say hacked

964
00:54:05,200 --> 00:54:08,440
Speaker 1: like Jeff Bezos and and Elon Musk's Twitter and Barack

965
00:54:08,480 --> 00:54:12,600
Speaker 1: Obama's Twitter? Did you hear about this? This is nuts?

966
00:54:12,640 --> 00:54:16,040
Speaker 1: This literally reads like a crime novel. They should make,

967
00:54:16,160 --> 00:54:18,719
Speaker 1: you know what, all the streaming platforms should They should

968
00:54:18,760 --> 00:54:22,600
Speaker 1: turn this into a movie. Chris dalmatsh On on the

969
00:54:22,640 --> 00:54:26,440
Speaker 1: Bluemberg Terminal, a seventeen year old recent Florida high school

970
00:54:26,480 --> 00:54:30,920
Speaker 1: graduate pleaded not guilty to charges that he hacked more

971
00:54:30,960 --> 00:54:34,160
Speaker 1: than a hundred high profile Twitter accounts as part of

972
00:54:34,160 --> 00:54:40,560
Speaker 1: a cryptocurrency scam by duping the social media companies employees.

973
00:54:40,800 --> 00:54:43,920
Speaker 1: Graham Ivan Clark was charged last week with posting messages

974
00:54:44,239 --> 00:54:48,920
Speaker 1: on behalf of notable business people, celebrities, and politicians, including

975
00:54:49,200 --> 00:54:53,959
Speaker 1: former President Barack Obama, Amazon's Jeff Bezos, Tesla's Elon Musk,

976
00:54:54,120 --> 00:54:58,239
Speaker 1: and learning additional victims into sending him Bitcoin donations of

977
00:54:58,280 --> 00:55:03,560
Speaker 1: more than a hundred in dollars Wow. Two others were

978
00:55:03,640 --> 00:55:06,480
Speaker 1: charged with helping Clark by serving as brokers on the

979
00:55:06,560 --> 00:55:10,239
Speaker 1: sale of compromised accounts. Clark entered the plate to more

980
00:55:10,280 --> 00:55:14,840
Speaker 1: than thirty charges filed against him earlier this morning in

981
00:55:14,920 --> 00:55:18,600
Speaker 1: Florida State Court in Tampa before Judge Christopher Nash. According

982
00:55:18,640 --> 00:55:21,080
Speaker 1: to court records, he has scheduled to appear again Wednesday

983
00:55:21,080 --> 00:55:23,640
Speaker 1: for hearing on his request change the amount of his

984
00:55:23,680 --> 00:55:26,640
Speaker 1: bail bond and the conditions of a release. This is

985
00:55:27,360 --> 00:55:31,560
Speaker 1: so if you read the the the court documents, essentially

986
00:55:31,600 --> 00:55:34,439
Speaker 1: what what the Feds are saying they have that these

987
00:55:34,440 --> 00:55:38,560
Speaker 1: teenagers were allegedly part of an underground subculture of hackers.

988
00:55:39,200 --> 00:55:41,760
Speaker 1: I mean I was, I was a dork in high school.

989
00:55:42,080 --> 00:55:48,200
Speaker 1: I mean, but they were underground subculture of hackers dedicated

990
00:55:48,200 --> 00:55:51,919
Speaker 1: to stealing, buying, and selling online accounts a desirable user names.

991
00:55:52,160 --> 00:55:55,920
Speaker 1: So here I am Jennifer and Kristen, you know, playfully

992
00:55:55,920 --> 00:55:59,080
Speaker 1: making fun of the TikTok people. Meanwhile, you've got other

993
00:55:59,160 --> 00:56:03,480
Speaker 1: teens who are allegedly key word allegedly hacking into Obama

994
00:56:03,520 --> 00:56:06,200
Speaker 1: and Elon Musk Twitter for bitcoins. I mean, it's just

995
00:56:06,400 --> 00:56:11,280
Speaker 1: so I don't even know kids these days. Man. Wow, Jennifer,

996
00:56:12,280 --> 00:56:15,360
Speaker 1: you know it's like and and Florida, not knocking Florida.

997
00:56:15,560 --> 00:56:17,799
Speaker 1: But I mean, what was that Tiger King? Remember March

998
00:56:17,840 --> 00:56:20,440
Speaker 1: when we all watched that they should do the people

999
00:56:20,480 --> 00:56:23,879
Speaker 1: who did Tiger King should make this thing a show.

1000
00:56:23,920 --> 00:56:26,479
Speaker 1: I'd watch it right, all right? Or like the blame

1001
00:56:26,560 --> 00:56:28,160
Speaker 1: Ring remember that. Maybe that's another good one if you've

1002
00:56:28,160 --> 00:56:31,279
Speaker 1: seen it, all right, Jennifer kristin On, thank you both

1003
00:56:31,280 --> 00:56:33,520
Speaker 1: so much for hanging out with me and breaking down

1004
00:56:33,920 --> 00:56:36,240
Speaker 1: the policy and the politics inside of the nation's capital.

1005
00:56:36,239 --> 00:56:39,359
Speaker 1: I'm Kevin Surly, chief Washington correspondent for Bloomberg Television and Radio,

1006
00:56:39,400 --> 00:56:40,920
Speaker 1: and you're listening to Bloomberg