1 00:00:00,920 --> 00:00:05,680 Speaker 1: Live from Our Nation's how do we reopen this economy? 2 00:00:05,760 --> 00:00:08,880 Speaker 1: The latest on how this pandemic is impacting farmers. What 3 00:00:09,000 --> 00:00:12,000 Speaker 1: does this do for the United States relationship with China? 4 00:00:12,160 --> 00:00:17,079 Speaker 1: Bloomberg Sound On, The Insiders, the Influencers, the insides. We're 5 00:00:17,120 --> 00:00:20,320 Speaker 1: responding to this crisis and manufacturers are stepping up like 6 00:00:20,440 --> 00:00:23,960 Speaker 1: never before. We're looking at seventy kennidates for different vactines. 7 00:00:24,040 --> 00:00:26,680 Speaker 1: How do we make sure a pandemic of this scale 8 00:00:26,760 --> 00:00:30,960 Speaker 1: never happens again? This is Bloomberg Sound On with Kevin s. 9 00:00:31,120 --> 00:00:36,080 Speaker 1: Relate on Bloomberg and one Oh fie h D two. 10 00:00:36,320 --> 00:00:40,200 Speaker 1: President Trump's court plant quickens with a pick due on Saturday, 11 00:00:40,440 --> 00:00:43,639 Speaker 1: and the latest on Scotus Watch, plus stocks climb as 12 00:00:43,760 --> 00:00:46,720 Speaker 1: dip buyers emerge after the sell off. All of that 13 00:00:46,720 --> 00:00:51,840 Speaker 1: plus an exclusive conversation with Congressman Matt Gates, the Republican 14 00:00:51,920 --> 00:00:54,320 Speaker 1: from Florida. He's been making a lot of noise lately. 15 00:00:54,360 --> 00:00:56,800 Speaker 1: I got an exclusive with him up on Capitol Hill 16 00:00:56,840 --> 00:00:59,040 Speaker 1: earlier today. We'll kick things off with that. So much 17 00:00:59,080 --> 00:01:02,680 Speaker 1: news to get through today, a especially now as we're 18 00:01:02,880 --> 00:01:07,520 Speaker 1: carefully monitoring President Trump's court plan. President Donald Trump's plan 19 00:01:07,720 --> 00:01:10,760 Speaker 1: to replace the late Justice R. Bader Ginsburg on the U. S. 20 00:01:10,760 --> 00:01:15,560 Speaker 1: Supreme Court gained momentum on Tuesday after Senate Republicans all 21 00:01:15,560 --> 00:01:20,360 Speaker 1: but quashed Democrats hopes of stalling a nominee until Inauguration day. 22 00:01:20,520 --> 00:01:23,440 Speaker 1: Trump said, Hill announced his pick on Saturday, setting an 23 00:01:23,440 --> 00:01:28,920 Speaker 1: accelerated timetable as Senator Mitt Romney. Mitt Romney, he said 24 00:01:28,920 --> 00:01:31,640 Speaker 1: he's going to support the move moving forward with a 25 00:01:31,680 --> 00:01:34,560 Speaker 1: confirmation about There was a lot of speculation that Senator 26 00:01:34,680 --> 00:01:37,840 Speaker 1: Romney wasn't going to be someone wasn't gonna be someone 27 00:01:37,880 --> 00:01:41,280 Speaker 1: who Republicans could count on on this Supreme Court pick. 28 00:01:41,360 --> 00:01:44,559 Speaker 1: Democrats were saying, mit, we need you on our side. 29 00:01:44,800 --> 00:01:47,319 Speaker 1: But ultimately what happened to was Senator Romney said no, 30 00:01:47,319 --> 00:01:49,840 Speaker 1: no way. And here's here's the backstory. Right, maybe I 31 00:01:49,840 --> 00:01:52,040 Speaker 1: shouldn't say this, here's the backstory. So I get up 32 00:01:52,040 --> 00:01:57,040 Speaker 1: on Capitol Hill and Cannon and Congressman Mac Gates. He's 33 00:01:57,040 --> 00:01:59,360 Speaker 1: got this new book out called Firebrand. He comes to 34 00:01:59,440 --> 00:02:01,760 Speaker 1: the staff and he goes, ken, did you see the 35 00:02:01,760 --> 00:02:04,720 Speaker 1: news about senator around me had just broken? I said no, 36 00:02:04,760 --> 00:02:07,760 Speaker 1: I'm not at the terminal. And he said, well, Senator 37 00:02:07,840 --> 00:02:10,280 Speaker 1: Romney's gonna be on board with the Republicans. So we 38 00:02:10,360 --> 00:02:16,440 Speaker 1: began our conversation with Congressman Matt Gates, who is very vocal. 39 00:02:16,720 --> 00:02:19,079 Speaker 1: You know, he's one of those Republicans not afraid it's 40 00:02:19,080 --> 00:02:24,120 Speaker 1: a buck the Republican establishment. We began our conversation talking 41 00:02:24,160 --> 00:02:26,480 Speaker 1: about the Supreme Court, and then we got to some 42 00:02:26,560 --> 00:02:28,680 Speaker 1: other issues. And really what I wanted to figure out 43 00:02:28,760 --> 00:02:31,000 Speaker 1: is if the Supreme Court is gonna suck the oxygen 44 00:02:31,000 --> 00:02:34,200 Speaker 1: out of the room of the Oh, I don't know, 45 00:02:34,320 --> 00:02:36,560 Speaker 1: fiscal stimulus anyway, Take a listen to my conversation with 46 00:02:36,600 --> 00:02:39,440 Speaker 1: Congressman Gates. Here is I want to get your reaction 47 00:02:39,520 --> 00:02:42,120 Speaker 1: to the Republicans in the Senate, and I know they're 48 00:02:42,120 --> 00:02:45,400 Speaker 1: your counterparts in the Senate, but the Supreme Court. Do 49 00:02:45,480 --> 00:02:48,560 Speaker 1: you think there's anything that Speaker Pelosi could do that 50 00:02:48,600 --> 00:02:51,040 Speaker 1: can make it more difficult for the Senate to take 51 00:02:51,120 --> 00:02:54,400 Speaker 1: up a confirmation process. Take a moment and just ponder 52 00:02:54,520 --> 00:02:57,240 Speaker 1: what that question means. I mean, Nancy Pelosi has spent 53 00:02:57,280 --> 00:03:00,920 Speaker 1: the last three years telling America the Donald Trump is 54 00:03:00,960 --> 00:03:03,959 Speaker 1: some like fundamental threat to all of our institutions and 55 00:03:04,000 --> 00:03:07,200 Speaker 1: then he will shake the foundations of how Washington operates. 56 00:03:07,200 --> 00:03:10,679 Speaker 1: And now she's talking about using impeachment potentially as a 57 00:03:10,720 --> 00:03:13,520 Speaker 1: way to procedurally jam the Senate. And it's one thing 58 00:03:13,560 --> 00:03:16,480 Speaker 1: for the Democrats to have embraced FDR on the New 59 00:03:16,520 --> 00:03:20,480 Speaker 1: Deal economic policies, but now they're even potentially embracing FDRs 60 00:03:20,560 --> 00:03:23,079 Speaker 1: court packing strategy. They might want to check the history 61 00:03:23,120 --> 00:03:24,960 Speaker 1: books and see how that worked out for him. All right, 62 00:03:25,000 --> 00:03:28,400 Speaker 1: So what does this mean though? For other agenda items 63 00:03:28,800 --> 00:03:32,560 Speaker 1: on Congress, like fiscal stimulus, like addition, like keeping the 64 00:03:32,560 --> 00:03:35,040 Speaker 1: government open? Where did those things then? So just look 65 00:03:35,080 --> 00:03:37,320 Speaker 1: at this week. This week, we were supposed to have 66 00:03:37,360 --> 00:03:39,680 Speaker 1: a vote on the More Act, which would be the 67 00:03:39,720 --> 00:03:43,320 Speaker 1: most substantial marijuana reform that the country has ever engaged. 68 00:03:43,360 --> 00:03:46,280 Speaker 1: And I'm the only Republican co sponsor of that bill 69 00:03:46,520 --> 00:03:48,520 Speaker 1: and was looking forward to sending it to the Senate. 70 00:03:48,720 --> 00:03:52,240 Speaker 1: Nancy Pelosi pulled it off the calendar because she doesn't 71 00:03:52,320 --> 00:03:55,840 Speaker 1: want any controversial votes for her members leading up to 72 00:03:55,880 --> 00:03:58,640 Speaker 1: the election. So I would say, whether it's an important 73 00:03:58,640 --> 00:04:01,040 Speaker 1: matter of policy before the how sir, a Supreme Court 74 00:04:01,080 --> 00:04:04,000 Speaker 1: nomination before the Senate. Let's do our freaking jobs, like 75 00:04:04,160 --> 00:04:07,400 Speaker 1: we get elected to serve a full two year term. 76 00:04:07,400 --> 00:04:10,680 Speaker 1: This would be like in the NBA playoffs, a team 77 00:04:10,720 --> 00:04:12,880 Speaker 1: just deciding that it's the fourth quarter and they want 78 00:04:12,880 --> 00:04:15,280 Speaker 1: to stop the game and wait to see who might 79 00:04:15,320 --> 00:04:18,680 Speaker 1: coach the other side next season. It's ludicrous. Were elected 80 00:04:18,720 --> 00:04:20,360 Speaker 1: for a full term. We should do our job for 81 00:04:20,400 --> 00:04:22,280 Speaker 1: the full term. And if you look at just this week, 82 00:04:22,600 --> 00:04:26,599 Speaker 1: substantive areas of policy with bipartisan support are getting ripped 83 00:04:26,640 --> 00:04:28,839 Speaker 1: off of the agenda for politics. Do you think that 84 00:04:28,839 --> 00:04:31,320 Speaker 1: there will be a fiscal stimulus deal reached before the 85 00:04:31,320 --> 00:04:33,160 Speaker 1: election or isn't gonna have to wait till the way? 86 00:04:33,480 --> 00:04:36,760 Speaker 1: I think there are areas of broad agreement that trace 87 00:04:36,920 --> 00:04:40,960 Speaker 1: the president's executive orders, whether that is relief for renters 88 00:04:41,120 --> 00:04:43,800 Speaker 1: or whether it is um a way to sort of 89 00:04:43,800 --> 00:04:46,960 Speaker 1: bridge the gap for businesses and and even individuals. The 90 00:04:47,040 --> 00:04:50,120 Speaker 1: problem is Democrats in Congress don't want to give the 91 00:04:50,160 --> 00:04:53,440 Speaker 1: president a win tens of days before the election. So 92 00:04:53,680 --> 00:04:56,680 Speaker 1: it's as if we're frozen in place right now, you know, 93 00:04:56,800 --> 00:04:59,680 Speaker 1: paralyzed by our own politics. When I do think that 94 00:05:00,040 --> 00:05:02,800 Speaker 1: we could get agreement on business assistance and paycheck protection, 95 00:05:02,960 --> 00:05:05,760 Speaker 1: we could get agreement on individual assistance. We might have 96 00:05:05,839 --> 00:05:09,160 Speaker 1: different ways of calculating state and local assistance, but that's 97 00:05:09,240 --> 00:05:12,080 Speaker 1: only stopping us because of the upcoming election. You write 98 00:05:12,080 --> 00:05:13,960 Speaker 1: about this in your book fire Brand. But and I 99 00:05:13,960 --> 00:05:17,640 Speaker 1: say this respectfully, but you know you've got to be frustrated, 100 00:05:17,640 --> 00:05:20,200 Speaker 1: even with members of your own party because the outside 101 00:05:20,200 --> 00:05:22,320 Speaker 1: of Washington, we always talking about Wall Street, but on 102 00:05:22,440 --> 00:05:25,400 Speaker 1: Main Street, small businesses, they're they're looking at this and 103 00:05:25,400 --> 00:05:28,640 Speaker 1: they're thinking this wouldn't fly in in on Main Street 104 00:05:28,760 --> 00:05:30,799 Speaker 1: if we didn't do our job. So why is Congress 105 00:05:30,839 --> 00:05:34,080 Speaker 1: able to get away with it? Congress is fundamentally corrupt. 106 00:05:34,560 --> 00:05:37,480 Speaker 1: What happens in this town is the exchange of money 107 00:05:37,520 --> 00:05:39,760 Speaker 1: for favors. Sometimes that money comes in the form of 108 00:05:39,800 --> 00:05:43,280 Speaker 1: campaign donations. Sometimes people get their spouses and relatives hired 109 00:05:43,320 --> 00:05:46,119 Speaker 1: to no show jobs, and that really drives things around 110 00:05:46,160 --> 00:05:49,039 Speaker 1: here more than the American people would ever tolerate if 111 00:05:49,040 --> 00:05:50,640 Speaker 1: they saw it with their own eyes. So I lay 112 00:05:50,720 --> 00:05:52,960 Speaker 1: there in my book, how you have to pay for 113 00:05:53,000 --> 00:05:55,720 Speaker 1: committee assignments actly seventy five dollars to get on the 114 00:05:55,800 --> 00:05:59,320 Speaker 1: Armed Services Committee, How people have to donate certain money 115 00:05:59,320 --> 00:06:01,920 Speaker 1: to be eligible for leadership posts. And I think that 116 00:06:02,000 --> 00:06:05,760 Speaker 1: on an issue like you describe business assistance individual assistance 117 00:06:05,960 --> 00:06:08,599 Speaker 1: to help bridge the gap to a recovery on coronavirus. 118 00:06:08,800 --> 00:06:11,960 Speaker 1: It's the perfect example of how the needs of regular 119 00:06:12,000 --> 00:06:15,400 Speaker 1: Americans aren't being met because this system is so fundamentally broken. 120 00:06:15,400 --> 00:06:18,600 Speaker 1: You've emerged as a key critic of big tech institutions, 121 00:06:18,640 --> 00:06:21,640 Speaker 1: most notably on Facebook. Where do you stand right now 122 00:06:22,000 --> 00:06:25,760 Speaker 1: in terms of the process of where the Facebook antitrust 123 00:06:25,800 --> 00:06:29,320 Speaker 1: potentially UH decisions are going and oversight is going over 124 00:06:29,400 --> 00:06:32,679 Speaker 1: Silicon Valley. I'll level with you, Congress is never gonna 125 00:06:32,680 --> 00:06:35,599 Speaker 1: take on big tech because Congress is bought and paid 126 00:06:35,640 --> 00:06:37,960 Speaker 1: for by big tech. And so if we want to 127 00:06:38,000 --> 00:06:41,600 Speaker 1: see right now, well, I mean like they might disagree 128 00:06:41,600 --> 00:06:44,120 Speaker 1: with me, but they would have three lobbyists to deploy 129 00:06:44,160 --> 00:06:47,839 Speaker 1: to every single Congressional office to pursue that disagreement. Okay, 130 00:06:47,880 --> 00:06:50,200 Speaker 1: and again, like if you look at I write in 131 00:06:50,240 --> 00:06:53,440 Speaker 1: my book about how relatives of members of Congress get 132 00:06:53,480 --> 00:06:56,200 Speaker 1: these like no show jobs with technology companies, and then 133 00:06:56,200 --> 00:06:59,440 Speaker 1: all of a sudden, those politicians aren't eager to engage 134 00:06:59,480 --> 00:07:02,080 Speaker 1: in you are oversight. But there is a path forward. 135 00:07:02,320 --> 00:07:04,919 Speaker 1: In the president's second term. We have the opportunity to 136 00:07:05,000 --> 00:07:09,000 Speaker 1: reshape the Federal Communications Commission and the Federal Elections Commission. 137 00:07:09,240 --> 00:07:13,200 Speaker 1: When Twitter and Facebook and other digital platforms are no 138 00:07:13,280 --> 00:07:16,960 Speaker 1: longer acting as an unbiased platform. I believe the FCC 139 00:07:17,160 --> 00:07:20,120 Speaker 1: could take regulatory action against them, and I believe the 140 00:07:20,120 --> 00:07:23,960 Speaker 1: Federal Election Commission could find them guilty of election meddling. 141 00:07:24,000 --> 00:07:27,920 Speaker 1: And if we just got big tech companies to behave properly, 142 00:07:28,160 --> 00:07:30,240 Speaker 1: I think they can add a lot of value, obviously 143 00:07:30,280 --> 00:07:33,120 Speaker 1: to people's lives. It's when you see them trying to 144 00:07:33,320 --> 00:07:35,560 Speaker 1: control what people see and what they think so they 145 00:07:35,560 --> 00:07:37,600 Speaker 1: can control how they act that I have a lot 146 00:07:37,640 --> 00:07:40,760 Speaker 1: of objections. And that's American big tech companies. Now we've 147 00:07:40,800 --> 00:07:44,440 Speaker 1: also got to be talking about China big tech companies. 148 00:07:44,520 --> 00:07:46,160 Speaker 1: You look at Oracle, you look at TikTok and the 149 00:07:46,200 --> 00:07:49,520 Speaker 1: developments on that particular deal. How should the US Does 150 00:07:49,560 --> 00:07:51,400 Speaker 1: it only have to come from the executive branch? Or 151 00:07:51,400 --> 00:07:54,679 Speaker 1: should Congress play a role in making sure that national 152 00:07:54,720 --> 00:08:00,320 Speaker 1: security interests are protected as a result of China tech companies? Now? Yeah, 153 00:08:00,320 --> 00:08:03,480 Speaker 1: I mean Republicans and Democrats for the last generation tried 154 00:08:03,520 --> 00:08:06,280 Speaker 1: to sell us on this China America dream and it's 155 00:08:06,280 --> 00:08:08,640 Speaker 1: really become a nightmare. I write in my book fire 156 00:08:08,680 --> 00:08:12,280 Speaker 1: Brand a chapter entitled China is not our friend, and 157 00:08:12,400 --> 00:08:14,960 Speaker 1: China doesn't have an innovation economy because they don't have 158 00:08:14,960 --> 00:08:18,200 Speaker 1: a free market, so they steal stuff. And they've developed 159 00:08:18,200 --> 00:08:22,080 Speaker 1: this dual use technology like TikTok, like d j I drones, 160 00:08:22,200 --> 00:08:25,520 Speaker 1: like some of their genomics companies that that get stakes 161 00:08:25,560 --> 00:08:29,800 Speaker 1: in the collection of American genetic material. They're using all 162 00:08:29,800 --> 00:08:33,800 Speaker 1: of that for dual use to facilitate their strategic advantage. 163 00:08:34,120 --> 00:08:35,960 Speaker 1: I do not believe we are going to make China 164 00:08:36,040 --> 00:08:38,800 Speaker 1: more like us by drawing them closer. I actually think 165 00:08:38,800 --> 00:08:41,920 Speaker 1: that we become vulnerable when we draw China too close 166 00:08:41,920 --> 00:08:43,960 Speaker 1: to us. And that's why I think this president's tough 167 00:08:44,000 --> 00:08:46,360 Speaker 1: approach is the right one, and I hope it's enduring 168 00:08:46,360 --> 00:08:49,959 Speaker 1: within the Republican Party. That was my conversation with Congressman 169 00:08:50,000 --> 00:08:54,280 Speaker 1: Matt Gates, a Republican from Florida, speaking to China. We're 170 00:08:54,280 --> 00:08:57,280 Speaker 1: gonna check in in the next half hour with or Tegas. 171 00:08:58,080 --> 00:09:02,880 Speaker 1: She is the spokesperson for the United States State Department, 172 00:09:03,880 --> 00:09:05,800 Speaker 1: and of course, on a day like today, China front 173 00:09:05,800 --> 00:09:10,080 Speaker 1: and center, given President Trump's remarks at UNGA the U 174 00:09:10,200 --> 00:09:14,319 Speaker 1: n General Assembly UNGA UH plus coming up next, We're 175 00:09:14,320 --> 00:09:17,400 Speaker 1: gonna check in on the economic front with my good friend, 176 00:09:17,440 --> 00:09:20,960 Speaker 1: my colleague Cretya. She's Bloomberg Markets Lives reporter wild Day 177 00:09:21,040 --> 00:09:23,040 Speaker 1: on the Markets, will dive into the specifics of that, 178 00:09:23,160 --> 00:09:25,599 Speaker 1: and he talked about physical stimulus. I mean they're still optimistic, 179 00:09:25,600 --> 00:09:29,800 Speaker 1: but who knows anymore? Who really even knows? Beautiful day 180 00:09:29,800 --> 00:09:32,280 Speaker 1: here in the Nation's Capital. Download the Bloomberg Sound On 181 00:09:32,320 --> 00:09:36,480 Speaker 1: podcast on Apple iTunes, at Bloomberg dot com, or by 182 00:09:36,480 --> 00:09:39,800 Speaker 1: downloading doub Bloomberg Business app. You can also find me 183 00:09:39,840 --> 00:09:44,000 Speaker 1: on radio dot com, I Heart Radio and Spotify. My 184 00:09:44,120 --> 00:09:47,480 Speaker 1: name is Kevin Surreally, Congressman Denver Riggleman. In the next hour, 185 00:09:47,600 --> 00:10:17,840 Speaker 1: Republican from Virginia, and you're listening to Bloomberg. This is 186 00:10:17,880 --> 00:10:23,199 Speaker 1: Bloomberg's Sound On with Kevin Surreley on Bloomberg and one 187 00:10:23,200 --> 00:10:26,520 Speaker 1: oh five point seven f m HD two. My name 188 00:10:26,840 --> 00:10:30,439 Speaker 1: is Kevin Surrey. I'm the chief Washington correspondent for Bloomberg 189 00:10:30,520 --> 00:10:35,520 Speaker 1: Television and for Bloomberg Radio. The video chat in the 190 00:10:35,559 --> 00:10:39,560 Speaker 1: Brakes always puts me in a good mood. Burata our 191 00:10:39,640 --> 00:10:46,080 Speaker 1: executive producer, producer, and uh Shirley Shirley are our producer 192 00:10:46,240 --> 00:10:50,280 Speaker 1: or booker. Anyway, dizzign Day on the Markets. Rita Nazareth, 193 00:10:50,440 --> 00:10:54,360 Speaker 1: the landa Hadrick on the Bloomberg terminal. Stocks climbed as 194 00:10:54,400 --> 00:10:57,520 Speaker 1: dip buyers emerged after the market sell off, tempering concern 195 00:10:57,600 --> 00:11:01,120 Speaker 1: over remarks from Federal Reserve officials that pointed to a 196 00:11:01,240 --> 00:11:05,240 Speaker 1: slow economic recovery. The dollar rose most groups in the 197 00:11:05,320 --> 00:11:08,200 Speaker 1: SMP five hundred events, with retailers and tech companies among 198 00:11:08,280 --> 00:11:13,160 Speaker 1: the biggest gainers. Nasdaq one hundred notched back to back rally, 199 00:11:13,280 --> 00:11:16,199 Speaker 1: while the Dow Jones Industrial average underperformed. A mint to 200 00:11:16,280 --> 00:11:19,440 Speaker 1: drop in banks joining us now on the telephone line, 201 00:11:19,480 --> 00:11:23,640 Speaker 1: Cretty up to she's a Bloomberg Markets Live reporter. Pretty 202 00:11:23,840 --> 00:11:27,200 Speaker 1: what happened in the markets today? Well, you actually saw 203 00:11:27,200 --> 00:11:30,360 Speaker 1: an update in market, which is pretty great after you've 204 00:11:30,400 --> 00:11:34,280 Speaker 1: had all these days of continued weakness, and nevertheless you 205 00:11:34,320 --> 00:11:36,880 Speaker 1: saw them led by those big tech names. So definitely 206 00:11:36,960 --> 00:11:39,760 Speaker 1: good news in the markets for anyone invested in big tech, 207 00:11:40,120 --> 00:11:42,400 Speaker 1: which is quite a lot of people, Kevin. As you know, 208 00:11:42,480 --> 00:11:44,720 Speaker 1: we've had quite the rally and big tech leading up 209 00:11:44,720 --> 00:11:47,800 Speaker 1: to this month. Um and yet another day you really 210 00:11:47,800 --> 00:11:50,440 Speaker 1: sawt defensive bit in markets today, a little bit of 211 00:11:50,480 --> 00:11:53,120 Speaker 1: concern on the economy. Of course, we aren't getting that 212 00:11:53,200 --> 00:11:56,480 Speaker 1: kind of encouragement from Washington that we need on that 213 00:11:56,559 --> 00:11:59,480 Speaker 1: fiscal stimulus, as you yourself have reported quite a bit 214 00:11:59,520 --> 00:12:01,600 Speaker 1: on UM. And that's really what you saw on the 215 00:12:01,600 --> 00:12:03,720 Speaker 1: market today. You saw the haven bid for the dollar 216 00:12:03,800 --> 00:12:06,000 Speaker 1: and the haven bid for big text. I want to 217 00:12:06,080 --> 00:12:09,840 Speaker 1: get to UH. I want to get to UH fiscal 218 00:12:09,920 --> 00:12:13,760 Speaker 1: stimulus UH in just a second, but I actually want 219 00:12:13,800 --> 00:12:18,000 Speaker 1: to hear from I want to get into the FEDS. Sorry, 220 00:12:18,040 --> 00:12:20,960 Speaker 1: I was pulling that up. Fed Chair J. Powell said 221 00:12:20,960 --> 00:12:24,720 Speaker 1: the economy has a long way to go before fully recovering, 222 00:12:24,800 --> 00:12:26,440 Speaker 1: and he went on to say that it will need 223 00:12:26,600 --> 00:12:31,200 Speaker 1: further support. And then you've got Chicago Fed President Charles 224 00:12:31,200 --> 00:12:35,520 Speaker 1: Evans noting that rates could rise. Rates could rise, according 225 00:12:35,559 --> 00:12:38,720 Speaker 1: to Charles Evans, before the inflation target has reached. What 226 00:12:38,760 --> 00:12:42,760 Speaker 1: did we gather today pretty from the Fed officials who 227 00:12:42,800 --> 00:12:48,439 Speaker 1: spoke out publicly, well, coming from Fed President Evans was 228 00:12:48,559 --> 00:12:52,400 Speaker 1: actually quite a market mover for for stamp for the 229 00:12:52,400 --> 00:12:54,959 Speaker 1: dollar today. You actually saw the dollar reached the session 230 00:12:55,040 --> 00:12:59,000 Speaker 1: High's really advancing that kind of haven bid for the dollar. 231 00:12:59,080 --> 00:13:01,480 Speaker 1: And what's kind of scary here is that he's actually 232 00:13:01,480 --> 00:13:05,680 Speaker 1: talking about, like you mentioned, raising rates UM that thinks 233 00:13:05,760 --> 00:13:07,640 Speaker 1: that let's put this in a little bit of context. 234 00:13:07,880 --> 00:13:10,520 Speaker 1: What he was actually referring to is just the inflation 235 00:13:10,559 --> 00:13:14,280 Speaker 1: targeting over the long term, so you could essentially, since 236 00:13:14,280 --> 00:13:16,760 Speaker 1: we're talking on an average inflation target of two percent, 237 00:13:16,880 --> 00:13:21,920 Speaker 1: you could essentially overshoot uh two two over two percent inflation. 238 00:13:22,200 --> 00:13:25,680 Speaker 1: And then talking about raising rates, he's talking more about, well, 239 00:13:26,000 --> 00:13:31,760 Speaker 1: we can consider raising rates maybe in way way down 240 00:13:31,800 --> 00:13:34,320 Speaker 1: the road, when we may get close to that march. 241 00:13:34,360 --> 00:13:36,280 Speaker 1: So he's just saying that that's something they could consider. 242 00:13:36,559 --> 00:13:39,000 Speaker 1: He's not necessarily saying he's in favor of. It's just 243 00:13:39,160 --> 00:13:41,240 Speaker 1: that some people might bring it up as we get 244 00:13:41,280 --> 00:13:43,600 Speaker 1: to that point. That thing said that's still very very 245 00:13:43,600 --> 00:13:46,200 Speaker 1: far away. But even just talking about the fact and 246 00:13:46,200 --> 00:13:49,720 Speaker 1: even considering that sometime down the road that we could 247 00:13:49,720 --> 00:13:52,439 Speaker 1: be raising rates, that was enough to move the markets today. 248 00:13:52,520 --> 00:13:55,439 Speaker 1: So that's what's happening from the central Bank. I want 249 00:13:55,440 --> 00:13:58,360 Speaker 1: to go across the pond, as they say, because British 250 00:13:58,360 --> 00:14:02,320 Speaker 1: Prime Minister Boris Johnson ends announcement of new restrictions that 251 00:14:02,360 --> 00:14:06,040 Speaker 1: are likely to last six months, wow, six months. He 252 00:14:06,080 --> 00:14:08,400 Speaker 1: told people to work from home impossible, saying that the 253 00:14:08,400 --> 00:14:11,840 Speaker 1: country is at a perilous turning point. His words for 254 00:14:11,920 --> 00:14:14,720 Speaker 1: the virus. You know, I bring this up critic up 255 00:14:14,760 --> 00:14:19,280 Speaker 1: to because it's the coronavirus and the developments around the 256 00:14:19,320 --> 00:14:22,360 Speaker 1: world in this case across the pond are also still 257 00:14:22,440 --> 00:14:26,120 Speaker 1: very much weighing on investors. How has what's been happening 258 00:14:26,160 --> 00:14:29,640 Speaker 1: in the UK impacted sort of the uneasiness? Are people 259 00:14:29,680 --> 00:14:32,040 Speaker 1: worried that some of those restrictions might happen in the 260 00:14:32,120 --> 00:14:37,440 Speaker 1: United States? Uh, it's sometime soon. Well, you nailed it, Kevin, 261 00:14:37,440 --> 00:14:40,080 Speaker 1: That's exactly what investors are worried about. And you saw 262 00:14:40,080 --> 00:14:42,640 Speaker 1: it really happened yesterday's session when he saw this kind 263 00:14:42,640 --> 00:14:45,200 Speaker 1: of massive hits the stocks UM. I think it was 264 00:14:45,240 --> 00:14:48,000 Speaker 1: like supercent sell off yesterday and we're only up by 265 00:14:48,080 --> 00:14:52,280 Speaker 1: a less than one percent today on the SCI So yes, 266 00:14:52,520 --> 00:14:55,440 Speaker 1: the answer to your questions absolutely, whatever is happening Europe 267 00:14:55,520 --> 00:14:57,640 Speaker 1: is definitely weighing in the United States. And I think 268 00:14:58,160 --> 00:15:01,880 Speaker 1: that'st example to talk about, extreme example, but still relevant. 269 00:15:01,920 --> 00:15:04,080 Speaker 1: Here is what you saw back in March when the 270 00:15:04,200 --> 00:15:08,120 Speaker 1: virus first started spreading. You saw it spread um in China, 271 00:15:08,320 --> 00:15:10,760 Speaker 1: in Asia, and then it really started to hit the 272 00:15:10,840 --> 00:15:14,320 Speaker 1: US markets when a Milan was became kind of the 273 00:15:14,400 --> 00:15:17,520 Speaker 1: center and became the epicenter in Europe, and that's when 274 00:15:17,520 --> 00:15:19,840 Speaker 1: you started seeing market in the US panic and then 275 00:15:19,840 --> 00:15:22,240 Speaker 1: of course when I spread to London on Paris, etcetera. 276 00:15:22,520 --> 00:15:25,880 Speaker 1: And that's kind of the similar idea that you're sitting now. 277 00:15:26,200 --> 00:15:29,400 Speaker 1: London and New York are not that far apart when 278 00:15:29,400 --> 00:15:31,960 Speaker 1: you talk about time difference. Um, of course it's an 279 00:15:31,960 --> 00:15:34,520 Speaker 1: ocean in between. But what tends to happen in Europe 280 00:15:34,560 --> 00:15:37,680 Speaker 1: will definitely impact the US, So it is stoking some fears. 281 00:15:38,240 --> 00:15:41,120 Speaker 1: The positive side about that is that the travel between 282 00:15:41,160 --> 00:15:43,960 Speaker 1: the two continents right now is put at the stamp sill, 283 00:15:44,080 --> 00:15:47,080 Speaker 1: so you are a little bit insulated from what happens 284 00:15:47,120 --> 00:15:51,120 Speaker 1: in Europe. Nevertheless, given that we do need that global 285 00:15:51,200 --> 00:15:54,200 Speaker 1: economic rebound to really both the United States as well, 286 00:15:54,520 --> 00:15:57,080 Speaker 1: that's really what you're lacking here, all right, If all 287 00:15:57,160 --> 00:16:00,760 Speaker 1: that uncertainty critic YPTO wasn't enough for you. Oh yeah, 288 00:16:00,920 --> 00:16:04,720 Speaker 1: so drama on Capitol Hill. Take a listen to what 289 00:16:05,040 --> 00:16:08,400 Speaker 1: j PAL fed chair j PAL Treasury Secretary Stephen Manusian 290 00:16:08,760 --> 00:16:12,080 Speaker 1: who was testifying up there on on Capitol Hill. They 291 00:16:12,080 --> 00:16:16,120 Speaker 1: were testifying. Take a listen to J Powell and Secretary Manusian, 292 00:16:16,240 --> 00:16:21,360 Speaker 1: Chairman PAL I apologize. Chairman Powell and Secretary Manuian testifying 293 00:16:21,440 --> 00:16:24,360 Speaker 1: up there on Capitol Hill. Here they are all the tape. 294 00:16:24,800 --> 00:16:27,520 Speaker 1: I think that it is likely that more physical support 295 00:16:27,560 --> 00:16:29,960 Speaker 1: will be needed. I think the next package should be 296 00:16:30,080 --> 00:16:33,360 Speaker 1: much more targeted. It should be focused on kids and 297 00:16:33,480 --> 00:16:36,840 Speaker 1: jobs and areas of the economy that are still hard hit. 298 00:16:37,000 --> 00:16:40,040 Speaker 1: The recovery will go faster if we have a if 299 00:16:40,080 --> 00:16:42,680 Speaker 1: we have both tools continuing to work together as they 300 00:16:42,720 --> 00:16:44,960 Speaker 1: have so far I think worked very well together. We're 301 00:16:44,960 --> 00:16:48,520 Speaker 1: inclined to allow for additional flexibility on the money that's 302 00:16:48,520 --> 00:16:51,120 Speaker 1: already gone out to state and local governments. We need 303 00:16:51,160 --> 00:16:53,320 Speaker 1: to reopen the economy so people can go back to work, 304 00:16:53,360 --> 00:16:55,280 Speaker 1: and we need to do it in a sustainable way. 305 00:16:55,760 --> 00:16:58,760 Speaker 1: I mean, I hear that critic and what they're saying 306 00:16:58,840 --> 00:17:02,040 Speaker 1: is they need more stimulus. They're saying they need more stimulus. 307 00:17:02,080 --> 00:17:04,680 Speaker 1: What is Wall Street saying? What are investors saying? Are 308 00:17:04,680 --> 00:17:07,399 Speaker 1: they nervous? Are they starting to get nervous that with 309 00:17:07,440 --> 00:17:09,800 Speaker 1: all of this volatility coming out of the nation's capital 310 00:17:09,880 --> 00:17:16,880 Speaker 1: Scotus pick an election cr deal that this economic stimulus 311 00:17:17,000 --> 00:17:20,159 Speaker 1: might not come. Where are they on that? There's a 312 00:17:20,160 --> 00:17:22,520 Speaker 1: lot of nervousness in the markets for sure, And of 313 00:17:22,560 --> 00:17:26,199 Speaker 1: course this is piling risks Washington that you're saying, I 314 00:17:26,240 --> 00:17:28,600 Speaker 1: think you really just name them all. The Supreme Court 315 00:17:28,720 --> 00:17:31,760 Speaker 1: must to fix election risk, which of course you're saying 316 00:17:31,800 --> 00:17:35,439 Speaker 1: priced into futures contracts, getting into the technical there, but 317 00:17:35,800 --> 00:17:38,840 Speaker 1: you are really seeing that going into November, not to 318 00:17:38,920 --> 00:17:41,359 Speaker 1: mention the stock gap funding bill, which we do have 319 00:17:41,440 --> 00:17:44,840 Speaker 1: a government shutdown looming, and then you have fiscal stimulus, 320 00:17:44,840 --> 00:17:47,520 Speaker 1: so you do have a lot kind of on lawmaker's 321 00:17:47,600 --> 00:17:50,680 Speaker 1: minds um and of course that has Wall Street really 322 00:17:50,680 --> 00:17:54,520 Speaker 1: worrying about where the head is at. How much devotion 323 00:17:55,240 --> 00:17:57,800 Speaker 1: is that fiscal stimulus piece of the equation really getting 324 00:17:57,880 --> 00:18:01,840 Speaker 1: right now. It's it's really remarkable. And Mark Meadows, the 325 00:18:01,840 --> 00:18:05,520 Speaker 1: President's chief of staff, speaking out today earlier folks, and 326 00:18:05,560 --> 00:18:09,919 Speaker 1: even dropped throwing some cold water on that agreement and 327 00:18:09,960 --> 00:18:13,959 Speaker 1: principle that the Democrats and the Republicans had agreed on 328 00:18:15,200 --> 00:18:17,520 Speaker 1: at the end of last week, prior of course to 329 00:18:17,560 --> 00:18:23,000 Speaker 1: the passing of Ruth Bader Ginsburg. Because now now the 330 00:18:23,040 --> 00:18:27,080 Speaker 1: clock gets even more difficult now with all of the 331 00:18:27,119 --> 00:18:31,840 Speaker 1: nomination hearings, the increase in in the magnifying glass over 332 00:18:31,880 --> 00:18:36,960 Speaker 1: the election. The cr deal is it could be used 333 00:18:37,000 --> 00:18:40,200 Speaker 1: as a bargaining chip. Dare I say in the Supreme 334 00:18:40,240 --> 00:18:43,240 Speaker 1: Court picks We just don't know. We just don't know. 335 00:18:43,760 --> 00:18:45,560 Speaker 1: Just quickly, in the sixty seconds that I have left 336 00:18:45,600 --> 00:18:47,919 Speaker 1: with you, pretty Gupta, what is one thing that's on 337 00:18:47,960 --> 00:18:52,600 Speaker 1: your radar in the markets for the next twenty four hours, Well, 338 00:18:52,640 --> 00:18:55,720 Speaker 1: it absolutely has to be um anything coming up on 339 00:18:55,760 --> 00:18:58,400 Speaker 1: that government shutdown that seems to be the closest deadline 340 00:18:58,400 --> 00:19:01,120 Speaker 1: that we're facing coming up in just about a week. 341 00:19:01,200 --> 00:19:03,800 Speaker 1: So any kind of problems on there will be a 342 00:19:03,800 --> 00:19:06,200 Speaker 1: little bit more encouragement for the fiscal stimulus side. You know, 343 00:19:06,280 --> 00:19:09,560 Speaker 1: for everybody who says that that Washington isn't important, all 344 00:19:09,560 --> 00:19:11,399 Speaker 1: you gotta do is turn on the news today, go 345 00:19:11,440 --> 00:19:14,800 Speaker 1: on the Bloomberg terminal today, and you'll know that every conversation, folks, 346 00:19:15,119 --> 00:19:20,000 Speaker 1: every conversation is stemming from Washington, DC. Cretty up, great 347 00:19:20,040 --> 00:19:22,359 Speaker 1: to talk with you. Thank you Cretty so much for 348 00:19:22,359 --> 00:19:23,880 Speaker 1: for making the time for me today. She of course, 349 00:19:24,119 --> 00:19:27,439 Speaker 1: is our Bloomberg Markets Live reporter, all over the twists 350 00:19:27,480 --> 00:19:29,200 Speaker 1: and turns of what's going on in the market. More 351 00:19:29,200 --> 00:19:30,920 Speaker 1: coming up next, we check in with Morgan or take 352 00:19:31,000 --> 00:19:33,760 Speaker 1: us at the State Department. I'm Kevin Cerilli. I'm the 353 00:19:33,840 --> 00:19:36,640 Speaker 1: chief Washington correspondent, FRO Bloomberg Television and from Bloomberg Radio, 354 00:19:36,680 --> 00:19:45,640 Speaker 1: and you're listening to Bloomberg nine one. Why from our nation? 355 00:19:46,359 --> 00:19:50,200 Speaker 1: How do we reopen this economy? The latest on how 356 00:19:50,240 --> 00:19:53,359 Speaker 1: this pandemic is impacting farmers? What does this do? From 357 00:19:53,359 --> 00:19:58,200 Speaker 1: the United States relationship with China? Bloomberg Sound Off, the insiders, 358 00:19:58,400 --> 00:20:02,040 Speaker 1: the influencers, the ins We're responding to this crisis and 359 00:20:02,119 --> 00:20:05,480 Speaker 1: manufacturers are stepping up like never before. We're looking at 360 00:20:05,520 --> 00:20:08,280 Speaker 1: seveny candidates for different duct teams. How do we make 361 00:20:08,320 --> 00:20:11,639 Speaker 1: sure a pandemic of this scale never happens again? This 362 00:20:12,080 --> 00:20:17,280 Speaker 1: is Bloomberg Sound On with Kevin surl on Bloomberg and 363 00:20:19,080 --> 00:20:23,720 Speaker 1: h D two. Supreme Court pick. The timetable extends to Saturday. 364 00:20:23,720 --> 00:20:26,880 Speaker 1: President Trump says he's picking pick for the Supreme Court 365 00:20:27,200 --> 00:20:29,840 Speaker 1: on Saturday. What does it mean for the cr fight, 366 00:20:30,000 --> 00:20:34,560 Speaker 1: what does it mean for the presidential debate? And President 367 00:20:34,600 --> 00:20:38,040 Speaker 1: Trump also delivering remarks at the UN General Assembly. We're 368 00:20:38,080 --> 00:20:40,760 Speaker 1: gonna kick off the hour with an exclusive interview with 369 00:20:40,960 --> 00:20:44,800 Speaker 1: Morton ortegas spokesperson for the U s Department of State 370 00:20:44,880 --> 00:20:48,520 Speaker 1: lots to get through. Congressman Denver Riggleman will join us 371 00:20:48,560 --> 00:20:52,320 Speaker 1: as well. Coming up, continuing coverage of the President's UH 372 00:20:52,640 --> 00:20:56,040 Speaker 1: Supreme Court saga. Really who's he going to replace? For 373 00:20:56,240 --> 00:20:59,119 Speaker 1: to the court for following the passing of RBG. But 374 00:20:59,200 --> 00:21:03,119 Speaker 1: first I want to start with geopolitics because President Trump 375 00:21:03,160 --> 00:21:07,199 Speaker 1: and General President Shi Jing pin clash today at the 376 00:21:07,320 --> 00:21:11,480 Speaker 1: u n General Assembly, and it just underscored the widening 377 00:21:11,600 --> 00:21:18,080 Speaker 1: rift between the between the two biggest economies that the 378 00:21:18,160 --> 00:21:20,439 Speaker 1: u N S chief said risks breaking up the world 379 00:21:20,720 --> 00:21:23,840 Speaker 1: and survivals fears of influence. Joining us now on the 380 00:21:23,840 --> 00:21:27,639 Speaker 1: telephone line, Morgan Ortega State Department spokesperson Morgan, thanks for 381 00:21:27,720 --> 00:21:30,119 Speaker 1: joining us. What did we here today from President Trump 382 00:21:30,160 --> 00:21:33,959 Speaker 1: at the UN General Assembly? Thanks so much for having me, 383 00:21:34,320 --> 00:21:37,520 Speaker 1: Kevin appreciate it. I mean, listen, I think when it 384 00:21:37,560 --> 00:21:42,000 Speaker 1: relates to the United States and China and and geopolitics, 385 00:21:42,000 --> 00:21:46,440 Speaker 1: this administration um clearly signaled to the world. When President 386 00:21:46,640 --> 00:21:48,919 Speaker 1: Trump came in his first year of office, one of 387 00:21:48,920 --> 00:21:51,800 Speaker 1: the first things has National Security Council did is to 388 00:21:51,880 --> 00:21:55,159 Speaker 1: develop a national security strategy. Now, why should any of 389 00:21:55,160 --> 00:21:57,560 Speaker 1: your listeners care about that? Well, that's because that is 390 00:21:57,600 --> 00:22:01,640 Speaker 1: the guiding document that the new president makes in order 391 00:22:01,720 --> 00:22:04,720 Speaker 1: to shift what it's going to be the president's priorities 392 00:22:04,800 --> 00:22:08,280 Speaker 1: and how we see the world now. Until President Trump 393 00:22:08,280 --> 00:22:11,840 Speaker 1: came into office, for about fifteen years, for obvious reasons, UH, 394 00:22:11,960 --> 00:22:15,840 Speaker 1: President Bush and President Barack Obama was very focused on 395 00:22:15,920 --> 00:22:21,680 Speaker 1: counter terrorism, UH and counterinsurgencies of Rock Afghanistan, and we were, 396 00:22:21,920 --> 00:22:24,760 Speaker 1: you know, serial, we were obviously mayred down in the 397 00:22:24,800 --> 00:22:28,320 Speaker 1: Middle East and Southeast Asia. When President Trump came to office, 398 00:22:28,359 --> 00:22:32,200 Speaker 1: he signaled in his National Security strategy that we were 399 00:22:32,240 --> 00:22:35,480 Speaker 1: returning to an era of great power competition, and that 400 00:22:35,640 --> 00:22:38,879 Speaker 1: is a course between primarily between the United States and China, 401 00:22:39,160 --> 00:22:42,439 Speaker 1: but also Russia as well. So we know that China 402 00:22:42,560 --> 00:22:45,639 Speaker 1: is a strategic competitor. A lot of the behaviors and 403 00:22:45,680 --> 00:22:47,760 Speaker 1: the things that we are calling out are things that 404 00:22:47,800 --> 00:22:50,199 Speaker 1: have been going on for a long time. It is 405 00:22:50,200 --> 00:22:53,560 Speaker 1: not new. It's just you've had subsequent administrations. And I'm 406 00:22:53,600 --> 00:22:56,480 Speaker 1: being critical of both sides here. Uh that did not 407 00:22:56,600 --> 00:23:00,040 Speaker 1: call out China as aggressively as the Trump administration. I 408 00:23:00,119 --> 00:23:03,040 Speaker 1: was on their actions because the hope was, listen, if 409 00:23:03,040 --> 00:23:05,359 Speaker 1: we do business with them, if we bring them into 410 00:23:05,480 --> 00:23:09,520 Speaker 1: multilateral institutions, they're going to modernize, they're going to open up, 411 00:23:09,760 --> 00:23:12,760 Speaker 1: and instead we've seen under President Cheese leadership that the 412 00:23:12,840 --> 00:23:16,439 Speaker 1: Chinese Communist Party is exactly what their name says. They 413 00:23:16,480 --> 00:23:19,040 Speaker 1: are a group of communists trying to run a very 414 00:23:19,160 --> 00:23:21,560 Speaker 1: very large country. Well, I want to get to Iran 415 00:23:21,600 --> 00:23:23,320 Speaker 1: in a second, but I just want to follow up 416 00:23:23,359 --> 00:23:25,760 Speaker 1: here on the issue of US China relations. Here here, 417 00:23:25,920 --> 00:23:28,520 Speaker 1: take a listen to what President Trump said today at 418 00:23:28,520 --> 00:23:32,560 Speaker 1: the UN General Assembly, specifically about China. Here is, we 419 00:23:32,720 --> 00:23:37,040 Speaker 1: must hold accountable the nation which unleashed this plague onto 420 00:23:37,119 --> 00:23:41,360 Speaker 1: the world. China, in the earliest days of the virus, 421 00:23:41,480 --> 00:23:46,560 Speaker 1: China lockdown traveled domestically while allowing flights to leave China 422 00:23:47,240 --> 00:23:51,040 Speaker 1: and infect the world. That was President Trump speaking earlier 423 00:23:51,040 --> 00:23:54,719 Speaker 1: at the UN General Assembly and prerecord and a prerecorded statement. 424 00:23:54,760 --> 00:23:57,200 Speaker 1: But Morgan or take a spokesperson for the State Department, 425 00:23:57,560 --> 00:24:00,000 Speaker 1: I mean, what do you say to folks who say 426 00:24:00,040 --> 00:24:03,840 Speaker 1: a that they're kind of I guess frustrated that there 427 00:24:03,880 --> 00:24:06,280 Speaker 1: hasn't been more of a by part I don't want 428 00:24:06,280 --> 00:24:07,560 Speaker 1: to get your way on Congress, but more of a 429 00:24:07,560 --> 00:24:12,720 Speaker 1: bipartisan more of a deeply skeptical United Western ally front 430 00:24:13,040 --> 00:24:16,320 Speaker 1: taking a look at presidency, for the lack of transparency, 431 00:24:16,400 --> 00:24:19,280 Speaker 1: for the abuses against journalists, for the for the lack 432 00:24:19,320 --> 00:24:22,280 Speaker 1: of transparency with scientists. I mean, people have a lot 433 00:24:22,320 --> 00:24:27,240 Speaker 1: of questions for China, so I think that's a great question. 434 00:24:27,280 --> 00:24:29,600 Speaker 1: I think there's a few a few positive things that 435 00:24:29,600 --> 00:24:32,639 Speaker 1: we've seen on the world stage. UM. First, UH, the 436 00:24:33,320 --> 00:24:37,400 Speaker 1: EU Foreign Minister burrew Um and Secretary Pompeo at at 437 00:24:37,440 --> 00:24:39,960 Speaker 1: a conference between the two of them, the Foreign Minister 438 00:24:40,040 --> 00:24:42,840 Speaker 1: barrew Uh said that we should have an EU U 439 00:24:42,920 --> 00:24:45,960 Speaker 1: S China dialogue. We have been working on that and 440 00:24:46,000 --> 00:24:48,240 Speaker 1: that is something that we all think is incredibly positive 441 00:24:48,240 --> 00:24:51,160 Speaker 1: and it's showing a shift, I would say a dramatic shift, 442 00:24:51,240 --> 00:24:53,760 Speaker 1: even from where we were two years ago with the 443 00:24:53,800 --> 00:24:57,919 Speaker 1: European Union on the issue of the CCP. We've also 444 00:24:58,040 --> 00:25:01,840 Speaker 1: seen a lot of progress US our campaign against Huawei 445 00:25:02,280 --> 00:25:04,959 Speaker 1: and any pig network set has been holding to an 446 00:25:05,000 --> 00:25:09,399 Speaker 1: authoritarian regime. You've seen the Brits havevers have reverse course 447 00:25:09,840 --> 00:25:12,359 Speaker 1: UM and you've seen UH as it relates to Lahwei, 448 00:25:12,400 --> 00:25:15,080 Speaker 1: and we're seeing more and more countries sign up all 449 00:25:15,119 --> 00:25:18,000 Speaker 1: the time for what we call our five G clean Path. 450 00:25:18,080 --> 00:25:20,200 Speaker 1: I know that You've had Keith croc On who alert 451 00:25:20,280 --> 00:25:22,840 Speaker 1: to to talk in detail about this, and so your 452 00:25:22,880 --> 00:25:25,879 Speaker 1: listeners know this issue quite well. So we see a 453 00:25:25,920 --> 00:25:28,879 Speaker 1: lot of a lot of successes and and that is 454 00:25:29,000 --> 00:25:31,880 Speaker 1: you know, it's a hard thought several year campaign since 455 00:25:31,920 --> 00:25:36,119 Speaker 1: Secretary Mike Pompeo has been uh in office to to 456 00:25:36,280 --> 00:25:39,359 Speaker 1: sort of remove the blinders, summar eyes about exactly who 457 00:25:39,440 --> 00:25:41,960 Speaker 1: we're dealing with and and and what we're we're getting 458 00:25:42,280 --> 00:25:44,080 Speaker 1: um And of course as it as it relates to 459 00:25:44,240 --> 00:25:46,800 Speaker 1: the Congress, you know, I obviously speak to the State Department, 460 00:25:46,800 --> 00:25:49,080 Speaker 1: the administration, but I will say that you know, there's 461 00:25:49,119 --> 00:25:52,160 Speaker 1: things that the bipartisan members of Congress have been paying 462 00:25:52,160 --> 00:25:55,920 Speaker 1: attention and have path legislation on the plight to the weakers. 463 00:25:56,000 --> 00:25:59,119 Speaker 1: This is a Pusblim ethnic minority in Shinjun, China that 464 00:25:59,160 --> 00:26:01,520 Speaker 1: are being put in to camps, at least a million 465 00:26:01,560 --> 00:26:04,320 Speaker 1: in camps, force re education camps. It's really one of 466 00:26:04,359 --> 00:26:07,359 Speaker 1: the great and great human rights abuses of our times. 467 00:26:07,480 --> 00:26:11,000 Speaker 1: So I do think that the tide has turned, especially 468 00:26:11,080 --> 00:26:13,800 Speaker 1: very quickly in the United States, and and listen as 469 00:26:13,800 --> 00:26:16,800 Speaker 1: it relates to COVID nineteen, I think the whole world, 470 00:26:17,000 --> 00:26:19,879 Speaker 1: UM is now frustrated for what they saw as a 471 00:26:20,040 --> 00:26:22,760 Speaker 1: very very weak response by China. We still don't have 472 00:26:22,840 --> 00:26:25,840 Speaker 1: live revive examples. We still don't know about patient zero. 473 00:26:26,160 --> 00:26:28,080 Speaker 1: All we know is that the Chinese Communist Party have 474 00:26:28,200 --> 00:26:30,479 Speaker 1: told us that this started in the wet market, and 475 00:26:30,520 --> 00:26:33,280 Speaker 1: we have no independent verification of anything that they have 476 00:26:33,320 --> 00:26:37,280 Speaker 1: alleged to the world. It's just it's just really, really 477 00:26:37,320 --> 00:26:41,280 Speaker 1: really startling the lack of transparency. Morgan Artagas is with us, 478 00:26:41,280 --> 00:26:43,400 Speaker 1: and now I want to pivot to to Iran as 479 00:26:43,400 --> 00:26:47,480 Speaker 1: well as to Venezuela because new sanctions imposed against Iran 480 00:26:47,600 --> 00:26:49,879 Speaker 1: as well as Venezuela. What did the Secretary of State 481 00:26:50,359 --> 00:26:52,360 Speaker 1: do on the sanctions front within the last day or two. 482 00:26:53,520 --> 00:26:56,720 Speaker 1: So essentially what happened, um is we started looking over 483 00:26:56,760 --> 00:27:00,560 Speaker 1: the summer at the fact that the Iran are simbargo. 484 00:27:00,640 --> 00:27:03,240 Speaker 1: This is an arms embargo from any company or country 485 00:27:03,280 --> 00:27:06,600 Speaker 1: being able to sell conventional weapons. You're talking about planes, 486 00:27:06,640 --> 00:27:10,760 Speaker 1: you're talking about tanks. Um. That was originally indefinite at 487 00:27:10,800 --> 00:27:13,720 Speaker 1: the UN Security Council under the j c p o A. 488 00:27:13,800 --> 00:27:16,960 Speaker 1: It's set to expire October eight teams. So we began 489 00:27:17,040 --> 00:27:19,280 Speaker 1: working in Security Council saying, guys, this is a really 490 00:27:19,280 --> 00:27:23,520 Speaker 1: big problem Iran. It's still the largest states condor parism. 491 00:27:23,720 --> 00:27:26,960 Speaker 1: They've not moderated behavior, their behavior. In fact, they've attacked 492 00:27:27,160 --> 00:27:30,080 Speaker 1: two of their neighbors recently in Saudi Arabias. You know, 493 00:27:30,160 --> 00:27:33,440 Speaker 1: well you covered the story, uh, probably more than any 494 00:27:33,520 --> 00:27:37,119 Speaker 1: when I'm Watchington, when they temporarily took the Saudi oil uh, 495 00:27:37,240 --> 00:27:39,760 Speaker 1: you know, off off the markets, you know, the infrastructure, 496 00:27:40,359 --> 00:27:43,880 Speaker 1: massive bombing of the infrastructure. They also of course targeted 497 00:27:44,600 --> 00:27:49,240 Speaker 1: a Rocky Basis, their direct neighbor with UM. They attacked them. 498 00:27:49,280 --> 00:27:52,720 Speaker 1: These hot American and Coalescent troops present on those basis. 499 00:27:52,760 --> 00:27:54,960 Speaker 1: They've funded terrorist groups that have on at the USC 500 00:27:55,160 --> 00:27:57,200 Speaker 1: after the u snbasy So I could give a ton 501 00:27:57,240 --> 00:27:59,800 Speaker 1: of examples here, but this is supprised to say this 502 00:27:59,880 --> 00:28:03,400 Speaker 1: is not an entity that deserved to buy more weapons 503 00:28:03,440 --> 00:28:06,720 Speaker 1: on the open markets. We were, of course unsuccessful in 504 00:28:06,760 --> 00:28:09,399 Speaker 1: getting the Security Council to extend that at bargo, so 505 00:28:09,440 --> 00:28:12,720 Speaker 1: our only option that remained was to invoke what is 506 00:28:12,760 --> 00:28:15,480 Speaker 1: called snap back sanctions, and that as a part of 507 00:28:15,520 --> 00:28:20,560 Speaker 1: that UN Security Council one resolution UH that therefore extended 508 00:28:20,600 --> 00:28:26,120 Speaker 1: the arms UM embargo indefinitely and reimposed new UH sanctions 509 00:28:26,240 --> 00:28:29,600 Speaker 1: and then of course President Trump yesterday signed an executive order. 510 00:28:29,800 --> 00:28:31,960 Speaker 1: So essentially, if you're a company, no matter where you're 511 00:28:31,960 --> 00:28:36,160 Speaker 1: based around the world, uh, if you sell conventional weapons 512 00:28:36,200 --> 00:28:38,239 Speaker 1: to Iran, or if you are a part of their 513 00:28:38,960 --> 00:28:41,840 Speaker 1: nuclear or missile program, uh, than your subject to the 514 00:28:41,920 --> 00:28:45,800 Speaker 1: US and United Nations sanctions. I just find it remarkable. 515 00:28:45,840 --> 00:28:49,200 Speaker 1: I mean, they're even there were Obama officials who came 516 00:28:49,240 --> 00:28:53,280 Speaker 1: out and praised Jared's Jared Kushner's handling of the Israeli 517 00:28:53,320 --> 00:28:57,160 Speaker 1: normalization of relations with Bahrain, and and of course the 518 00:28:57,240 --> 00:29:00,680 Speaker 1: United Arab Emirates and and you know, it's justly remarkable 519 00:29:00,720 --> 00:29:03,920 Speaker 1: to see the EU not not understanding that A huge 520 00:29:04,040 --> 00:29:06,600 Speaker 1: driver of that was iron I have to leave it 521 00:29:06,640 --> 00:29:09,480 Speaker 1: there with Morgan Ortegas. Morgan, Hey, thank you so much 522 00:29:09,520 --> 00:29:11,320 Speaker 1: for making the time for me today. I appreciate it. 523 00:29:11,360 --> 00:29:12,600 Speaker 1: I know it was a really busy day for you. 524 00:29:12,680 --> 00:29:15,960 Speaker 1: Morgan Ortegas, she's, of course, the State's Department spokesperson. Coming 525 00:29:16,040 --> 00:29:18,720 Speaker 1: up more on the SCOTUS pick. What is Mitt Romney? 526 00:29:18,920 --> 00:29:21,560 Speaker 1: How did Mitt Romney clear the way for President Trump? 527 00:29:21,560 --> 00:29:23,000 Speaker 1: You don't want to miss that. We check in with 528 00:29:23,040 --> 00:29:24,640 Speaker 1: our panel. My name is Kevin Silei on the Chief 529 00:29:24,640 --> 00:29:27,120 Speaker 1: Washington Correspondent from Member TV and radio. You're listening to 530 00:29:27,160 --> 00:29:44,240 Speaker 1: Bloomberg and I one, this is Bloomberg Sound On with 531 00:29:44,320 --> 00:29:48,760 Speaker 1: Kevin Surley on Bloomberg and one or five point seven 532 00:29:48,840 --> 00:29:51,680 Speaker 1: f M h D two. My name is Kevin Surli 533 00:29:51,680 --> 00:29:55,000 Speaker 1: on the Chief Washington Correspondent for Bloomberg Television of Bloomberg Radio. 534 00:29:55,040 --> 00:29:57,880 Speaker 1: What a beautiful day, What a beautiful day in the 535 00:29:57,960 --> 00:30:00,360 Speaker 1: nation's capital. You know, I was walking from the Bureau 536 00:30:00,000 --> 00:30:03,400 Speaker 1: oh to uh Cannon after the Gates interview, and I 537 00:30:03,520 --> 00:30:06,680 Speaker 1: just was like, you know, keV, take a deep breath. 538 00:30:07,200 --> 00:30:09,400 Speaker 1: It's gonna be the end of the year. Soon, the 539 00:30:09,440 --> 00:30:12,960 Speaker 1: election will come and go, and they'll have a vaccine. 540 00:30:13,640 --> 00:30:17,000 Speaker 1: Maybe the end of the month, maybe next month, maybe 541 00:30:17,000 --> 00:30:20,200 Speaker 1: in the next year. But eventually, folks, there will be 542 00:30:20,800 --> 00:30:24,160 Speaker 1: a vaccine. They're all telling us. Uh, Genie's as with us. 543 00:30:24,160 --> 00:30:27,400 Speaker 1: I own a college professor and Bloomberg Politics contributor and 544 00:30:27,520 --> 00:30:30,640 Speaker 1: Lester months in principle at government relations firm b g 545 00:30:31,120 --> 00:30:37,600 Speaker 1: R Group. Genie, you know, Senator Mitt Romney really really 546 00:30:37,720 --> 00:30:42,720 Speaker 1: impacted the Supreme Court Scotus Pick I mean Mitt Romney 547 00:30:42,920 --> 00:30:45,720 Speaker 1: saying that he would be open to their being a 548 00:30:45,800 --> 00:30:50,239 Speaker 1: vote on the Supreme Court. Because of that, he has 549 00:30:50,320 --> 00:30:52,560 Speaker 1: cleared the way for their to be action. This is 550 00:30:52,600 --> 00:30:56,719 Speaker 1: amazing to me, just given the history between President Trump 551 00:30:57,080 --> 00:30:59,760 Speaker 1: and Mitt Romney. What was your reaction, Genie's they know 552 00:31:00,560 --> 00:31:04,640 Speaker 1: uh to this development? So and I agree with you, Kevin. 553 00:31:04,720 --> 00:31:07,280 Speaker 1: Beautiful day out. I'm in New York, but beautiful just 554 00:31:07,400 --> 00:31:09,680 Speaker 1: as well. Um, you know, I think there's a lot 555 00:31:09,760 --> 00:31:11,240 Speaker 1: I mean, just I mean, I want to hit The 556 00:31:11,280 --> 00:31:13,120 Speaker 1: reason I hate it is because I'm one of those 557 00:31:13,160 --> 00:31:15,000 Speaker 1: people when it's a nice day out, you're going through 558 00:31:15,040 --> 00:31:16,800 Speaker 1: something that weather can just really be a breadth of 559 00:31:16,840 --> 00:31:22,040 Speaker 1: fresh air, you know what I'm saying. Absolutely, I love it. Um, 560 00:31:22,400 --> 00:31:26,000 Speaker 1: you know, I think you know Mitt Romney's decision, I 561 00:31:26,040 --> 00:31:30,239 Speaker 1: have to say I was not myself particularly surprised. I 562 00:31:30,280 --> 00:31:32,800 Speaker 1: know it deflated a lot of Democrats and a lot 563 00:31:32,800 --> 00:31:35,720 Speaker 1: of Liberals who were sort of hanging their hopes on 564 00:31:36,560 --> 00:31:39,920 Speaker 1: Romney potentially like Corey Gardner, you know, some of these 565 00:31:39,920 --> 00:31:43,560 Speaker 1: folks that they might, you know, try to stop, if 566 00:31:43,600 --> 00:31:47,000 Speaker 1: you will, Mitch McConnell from moving. Um. I didn't see 567 00:31:47,040 --> 00:31:50,720 Speaker 1: it that way. I I thought, I'm actually surprised myself 568 00:31:50,760 --> 00:31:54,880 Speaker 1: actually that Collins and Murkowski have done that. Um, I 569 00:31:54,960 --> 00:31:59,000 Speaker 1: do think it's very, very tough when you to stop this, 570 00:31:59,160 --> 00:32:01,160 Speaker 1: and I do think we are going to see a 571 00:32:01,280 --> 00:32:04,200 Speaker 1: vote um by the end of the year. And I've 572 00:32:04,240 --> 00:32:07,160 Speaker 1: thought that all along, even before she passed, that if 573 00:32:07,200 --> 00:32:10,320 Speaker 1: somebody resigned or passed, there would be a vote with 574 00:32:10,400 --> 00:32:12,640 Speaker 1: these numbers, and I think that's proven to be true. 575 00:32:13,040 --> 00:32:14,840 Speaker 1: Lester Monthson, I mean, you used to work for the 576 00:32:14,880 --> 00:32:18,600 Speaker 1: Senate Form Relations Committee for former Chairman Bob Corker. I mean, Lester, 577 00:32:19,680 --> 00:32:22,480 Speaker 1: take us behind the scenes right now to the senators. 578 00:32:23,040 --> 00:32:26,240 Speaker 1: I mean, I think both everyone is looking at this 579 00:32:26,320 --> 00:32:28,880 Speaker 1: story is looking at it through the prism of politics. Right. 580 00:32:28,920 --> 00:32:31,600 Speaker 1: Democrats are saying, how could they do this? And Republicans 581 00:32:31,600 --> 00:32:34,760 Speaker 1: are saying, this is their job for the senators, especially 582 00:32:34,800 --> 00:32:38,880 Speaker 1: for their senators up for reelection. Is this a no brainer? 583 00:32:39,040 --> 00:32:41,920 Speaker 1: Do they just vote with the party or is this 584 00:32:42,440 --> 00:32:46,440 Speaker 1: a little more complex? Take us behind the scenes, Leicster, Well, 585 00:32:46,480 --> 00:32:49,040 Speaker 1: I think it is a little bit more complex. You know, 586 00:32:49,200 --> 00:32:54,360 Speaker 1: the two parties have kind of moved into opposite corners 587 00:32:54,400 --> 00:32:58,000 Speaker 1: on social issues, and in particular, you really don't find 588 00:32:58,040 --> 00:33:00,320 Speaker 1: a lot of pro life Democrats anymore, and you really 589 00:33:00,320 --> 00:33:03,800 Speaker 1: don't find a find any pro choice Republicans. The two 590 00:33:04,040 --> 00:33:08,280 Speaker 1: proach ic Republicans left in all of converse, I believe 591 00:33:08,480 --> 00:33:12,240 Speaker 1: are Susan Collins and Lisa Barkowski. There are no other 592 00:33:12,360 --> 00:33:15,800 Speaker 1: pro choice Republicans in either the House or the Senate. 593 00:33:15,800 --> 00:33:17,360 Speaker 1: I might be missing one or two, but I think 594 00:33:17,360 --> 00:33:19,160 Speaker 1: those are the only two left. So I think what 595 00:33:19,160 --> 00:33:22,600 Speaker 1: we're really seeing here is less of a partisanship issue 596 00:33:22,720 --> 00:33:26,040 Speaker 1: and seeing more of this is really in the context 597 00:33:26,120 --> 00:33:29,640 Speaker 1: of the ambrosition question and Rob Wade, which everyone thinks 598 00:33:29,720 --> 00:33:34,680 Speaker 1: could be overturned if another social conservative is put on 599 00:33:34,720 --> 00:33:38,000 Speaker 1: the Court, and so in that context, I completely agree 600 00:33:38,600 --> 00:33:41,480 Speaker 1: that round thee not surprising. He's pro life. He may 601 00:33:41,480 --> 00:33:43,840 Speaker 1: be very skeptical of the Trump administration, but at the 602 00:33:43,920 --> 00:33:46,640 Speaker 1: end of the day, he's a pro life conservative. It's 603 00:33:46,680 --> 00:33:49,800 Speaker 1: it's it's really going to be fascinating to watch this 604 00:33:49,840 --> 00:33:53,400 Speaker 1: play out. Take a listen to Senate Minority Leader Chuck Schumer, 605 00:33:53,680 --> 00:33:57,160 Speaker 1: who spoke earlier today on the Senate floor. Here's here's 606 00:33:57,240 --> 00:34:01,520 Speaker 1: Chuck Schumer. If Leader McConnell presses for Ward, the Republican 607 00:34:01,560 --> 00:34:06,360 Speaker 1: majority will have stolen two Supreme Court seats four years apart. 608 00:34:07,320 --> 00:34:12,839 Speaker 1: Using completely contradictory rationales. Is Roe v. Wade on the 609 00:34:12,840 --> 00:34:16,680 Speaker 1: ballot on November three, genius? And know even if even 610 00:34:16,719 --> 00:34:22,440 Speaker 1: if there's a confirmation vote for the President's selection to 611 00:34:22,480 --> 00:34:27,000 Speaker 1: replace RBG, I do think that for you know, I 612 00:34:27,040 --> 00:34:29,200 Speaker 1: would say, I'm going to have to wait and see 613 00:34:29,239 --> 00:34:31,680 Speaker 1: what we see coming out of those exit polls. As 614 00:34:31,680 --> 00:34:33,960 Speaker 1: a researcher, I have to say that. But if I 615 00:34:34,040 --> 00:34:36,440 Speaker 1: was to guess, I would which is never good. But 616 00:34:36,680 --> 00:34:38,719 Speaker 1: if I was to guess, I would say that for 617 00:34:39,239 --> 00:34:42,880 Speaker 1: particularly people on the further side of the left and 618 00:34:42,920 --> 00:34:45,239 Speaker 1: the further side of the right, Roe v. Wade and 619 00:34:45,320 --> 00:34:49,680 Speaker 1: the Affordable Care Act are inching, you know, potentially equal 620 00:34:49,760 --> 00:34:52,759 Speaker 1: with you know, the issue of COVID and the pandemic 621 00:34:53,239 --> 00:34:56,520 Speaker 1: um on the ballot. And I think, for me, the 622 00:34:56,640 --> 00:35:00,160 Speaker 1: unfortunate part of this as a political scientist is that 623 00:35:00,360 --> 00:35:03,560 Speaker 1: I think we're having the wrong conversation as a nation. 624 00:35:04,040 --> 00:35:08,919 Speaker 1: The question should be why would the passing of an 625 00:35:08,960 --> 00:35:14,480 Speaker 1: elderly woman to send the nation into chaos, an election 626 00:35:14,520 --> 00:35:18,239 Speaker 1: into chaos. It's because this court has been given and 627 00:35:18,360 --> 00:35:23,439 Speaker 1: taken so much power away from the democratic branches, where 628 00:35:23,440 --> 00:35:26,399 Speaker 1: it should reside and where Ruth Bader Ginsburg herself said 629 00:35:26,440 --> 00:35:29,280 Speaker 1: it should reside. So, you know, I think when Lester's 630 00:35:29,320 --> 00:35:32,120 Speaker 1: talking about issues like Roe v. Wade or you're talking 631 00:35:32,120 --> 00:35:35,399 Speaker 1: about the Affordable Care Act, to me, in a democracy, 632 00:35:35,520 --> 00:35:38,759 Speaker 1: you decide that in the legislative branch and not in 633 00:35:38,840 --> 00:35:42,040 Speaker 1: the court. And so that's the you know. So so 634 00:35:42,160 --> 00:35:45,239 Speaker 1: you know, Democrats talking about retaliation increasing the number of 635 00:35:45,280 --> 00:35:47,040 Speaker 1: members of the court, you know, And this will go 636 00:35:47,080 --> 00:35:50,520 Speaker 1: back and forth, But the real conversation should be how 637 00:35:50,600 --> 00:35:53,480 Speaker 1: much power should a court in a democratic nation have? 638 00:35:53,640 --> 00:35:55,920 Speaker 1: And I think ours has too much at this point. 639 00:35:56,160 --> 00:35:57,839 Speaker 1: I find I find this from Mark. I mean, just 640 00:35:57,880 --> 00:36:01,040 Speaker 1: the conversation on Roe v. Wade. I'm not sure that 641 00:36:01,040 --> 00:36:06,040 Speaker 1: that would help uh the president make inroads in in 642 00:36:06,239 --> 00:36:10,759 Speaker 1: suburban America. But the issue of Obamacare very much, if 643 00:36:10,800 --> 00:36:13,319 Speaker 1: you look at the pulling from last cycle, could help 644 00:36:13,400 --> 00:36:16,040 Speaker 1: him make inroads in suburban America. And and and to your 645 00:36:16,120 --> 00:36:19,640 Speaker 1: point about expanding the court. Hillary Clinton is speaking at 646 00:36:19,640 --> 00:36:22,280 Speaker 1: the Bloomberger Quality Summit, and I just got a headline 647 00:36:22,280 --> 00:36:24,640 Speaker 1: all my terminal while you were speaking jan Janie's anto, 648 00:36:24,960 --> 00:36:28,440 Speaker 1: and it says Hillary Clinton Scotus vote before the election 649 00:36:28,480 --> 00:36:31,319 Speaker 1: could mean the end of Obamacare. But then she was 650 00:36:31,400 --> 00:36:35,520 Speaker 1: also asked Lester Munson about expanding the Supreme Court, and 651 00:36:35,600 --> 00:36:39,919 Speaker 1: Hillary Clinton just said at the Bloomberger Quality Summit, expanding 652 00:36:40,000 --> 00:36:44,399 Speaker 1: the Supreme Court is a step too far. Wow, Lester, 653 00:36:44,560 --> 00:36:47,880 Speaker 1: I'm really struck that the former nominee of the Democratic 654 00:36:47,920 --> 00:36:50,319 Speaker 1: Party says, you know what, Democrats, maybe we shouldn't be 655 00:36:50,320 --> 00:36:54,560 Speaker 1: pushing to expand the Supreme Court. Lester, We've got I'm 656 00:36:54,560 --> 00:36:57,120 Speaker 1: a little bit cynical on this, and so I'll say 657 00:36:57,239 --> 00:36:59,440 Speaker 1: I think she's doing that as a favorite at Joe Biden, 658 00:37:00,040 --> 00:37:02,200 Speaker 1: Jill Biden, who said he doesn't want to expand the court. 659 00:37:02,680 --> 00:37:05,800 Speaker 1: Democrats very much want this issue to be about exactly 660 00:37:05,800 --> 00:37:09,840 Speaker 1: what Jennie said, which is Obamacare and pre existed condition. 661 00:37:09,880 --> 00:37:12,240 Speaker 1: If they want to frame this and to pre exist 662 00:37:12,280 --> 00:37:14,520 Speaker 1: in condition, there's a case coming up before the court 663 00:37:14,560 --> 00:37:17,640 Speaker 1: on that. They don't want to be about abortion. Republicans 664 00:37:17,680 --> 00:37:19,480 Speaker 1: are okay with it being about abortion. All right, We're 665 00:37:19,480 --> 00:37:21,439 Speaker 1: gonna talk more about that. And and I just learned 666 00:37:21,480 --> 00:37:24,640 Speaker 1: something there. Maybe Hillary Clinton is providing some cover for 667 00:37:24,760 --> 00:37:27,719 Speaker 1: Joe Biden on that issue of expanding the court. More 668 00:37:27,719 --> 00:37:29,759 Speaker 1: coming up next with the panel. I'm Kevin Sireli. If 669 00:37:29,760 --> 00:37:42,840 Speaker 1: you're listening to Bloomberg and did I want you're listening 670 00:37:42,880 --> 00:37:47,440 Speaker 1: to Bloomberg Sound On with Kevin Sirel on Bloomberg and 671 00:37:47,520 --> 00:37:50,880 Speaker 1: one oh five points seven at MHD two. I'm Kevin Sireli, 672 00:37:50,960 --> 00:37:54,080 Speaker 1: Chief Ashton correspondent for Bloomberg Television and Bloomberg Radio. Jennie's 673 00:37:54,080 --> 00:37:56,840 Speaker 1: ATA is with us. She's an Iona College professor and 674 00:37:56,920 --> 00:38:00,360 Speaker 1: a Bloomberg Politics contributor and Lester months in principal government 675 00:38:00,360 --> 00:38:03,160 Speaker 1: relations firm b GR Group. He also, of course is 676 00:38:03,200 --> 00:38:06,000 Speaker 1: a former advisor to the former chairman of the Senate 677 00:38:06,040 --> 00:38:10,640 Speaker 1: Form Relations Committee, Bob Corker. All Right, I want to 678 00:38:10,640 --> 00:38:15,080 Speaker 1: continue just to talk about Judge Amy Coney Barrett, who 679 00:38:15,160 --> 00:38:18,120 Speaker 1: is the President's likely pick for the Supreme Court pick. 680 00:38:18,160 --> 00:38:21,239 Speaker 1: There are others that is that is on the President's 681 00:38:21,239 --> 00:38:24,760 Speaker 1: short list. We talked about uh Roe v. Way, Jeanie, 682 00:38:24,840 --> 00:38:27,200 Speaker 1: but I want to really focus in a narrow and 683 00:38:27,280 --> 00:38:30,960 Speaker 1: on the Affordable Care Act. What specifically could the Supreme 684 00:38:31,000 --> 00:38:34,160 Speaker 1: Court decide as it relates to the a c A 685 00:38:34,280 --> 00:38:38,520 Speaker 1: or Obamacare. Well, with this case they have coming up 686 00:38:38,560 --> 00:38:44,560 Speaker 1: November ten, um, if she or another nominee was confirmed, um, 687 00:38:44,880 --> 00:38:48,440 Speaker 1: you know, in a very timely manner, um and you know, 688 00:38:48,680 --> 00:38:52,280 Speaker 1: assumed the bench immediately. And again that's a very narrow 689 00:38:52,320 --> 00:38:55,600 Speaker 1: time frame. They will be hearing this case um out 690 00:38:55,600 --> 00:39:00,120 Speaker 1: of Texas, and it is a case which potentially know 691 00:39:00,280 --> 00:39:04,520 Speaker 1: the third big Obamacare affordable care activita the Court has heard, 692 00:39:04,960 --> 00:39:08,080 Speaker 1: and it is a case which potentially could lead to 693 00:39:08,760 --> 00:39:11,279 Speaker 1: and again I think that is extreme. I'm not saying 694 00:39:11,280 --> 00:39:14,520 Speaker 1: it's it's not in keeping with the way the courts 695 00:39:14,600 --> 00:39:18,600 Speaker 1: usually work, but they could decide to overturn the Affordable 696 00:39:18,640 --> 00:39:21,960 Speaker 1: Care Act, which would leave you know, millions of people 697 00:39:22,440 --> 00:39:26,240 Speaker 1: without an option there, you know, because I I don't 698 00:39:26,360 --> 00:39:29,600 Speaker 1: foresee a replacement of that in the next you know, 699 00:39:29,719 --> 00:39:32,239 Speaker 1: in anytime soon. We don't even have something from the 700 00:39:32,280 --> 00:39:35,200 Speaker 1: Republicans that could replace it at this point. You know, 701 00:39:35,360 --> 00:39:38,520 Speaker 1: do I think that's going to happen. Probably not, But 702 00:39:38,640 --> 00:39:40,400 Speaker 1: I do think that that's what we're going to be 703 00:39:40,440 --> 00:39:42,360 Speaker 1: hearing an awful lot about. That's what we've heard an 704 00:39:42,360 --> 00:39:44,960 Speaker 1: awful lot about. That's what Joe Biden wants to talk about. 705 00:39:45,320 --> 00:39:48,759 Speaker 1: He wants to say that, you know, this does you know, 706 00:39:48,880 --> 00:39:53,600 Speaker 1: makes people vulnerable during a pandemic on their health care, 707 00:39:53,960 --> 00:39:58,480 Speaker 1: in particular pre existing conditions. And so that's where I 708 00:39:58,520 --> 00:40:00,359 Speaker 1: think that what we're gonna hear a lot of from 709 00:40:00,440 --> 00:40:03,360 Speaker 1: the Democrats that politically, I think that makes sense for 710 00:40:03,440 --> 00:40:07,280 Speaker 1: them to focus there even more than on abortion. Quite Frankly, 711 00:40:08,200 --> 00:40:11,440 Speaker 1: Lester Munson, you know, we talked so much about the 712 00:40:11,480 --> 00:40:17,040 Speaker 1: Affordable Care Act, but it really is from a strategicy perspective. 713 00:40:17,400 --> 00:40:22,440 Speaker 1: The Senate Majority Leader Mitch McConnell absolutely one. I mean, 714 00:40:22,480 --> 00:40:24,719 Speaker 1: there's really no other way to look at it. I 715 00:40:24,840 --> 00:40:27,400 Speaker 1: love them or loath them. I mean, you cannot out 716 00:40:27,560 --> 00:40:30,840 Speaker 1: smart Senate Majority Leader Mitch McConnell. I mean, he won lesser, 717 00:40:30,880 --> 00:40:33,200 Speaker 1: and you know, you know his inner working is better 718 00:40:33,239 --> 00:40:37,680 Speaker 1: than anyone, uh, and you know he's he's going to 719 00:40:37,800 --> 00:40:42,040 Speaker 1: get this over the finish line. Well, I can pretty 720 00:40:42,120 --> 00:40:46,200 Speaker 1: much guarantee you that as soon as the news uh 721 00:40:46,360 --> 00:40:50,840 Speaker 1: Justice Skinburg Ginsberg's passing came out with an appropriate amount 722 00:40:50,840 --> 00:40:53,440 Speaker 1: of time, the sender McConnell was on the phone Sendor 723 00:40:53,560 --> 00:40:58,279 Speaker 1: Collins and Sendor Murkowski and Senator Vomny figuring out exactly 724 00:40:58,360 --> 00:41:00,759 Speaker 1: where or letting them know that you needed to know 725 00:41:01,000 --> 00:41:04,680 Speaker 1: where they were going to be on the nomination process 726 00:41:04,719 --> 00:41:08,359 Speaker 1: to replace Justice Ginsburg as soon as possible. And so 727 00:41:09,280 --> 00:41:12,640 Speaker 1: he knows he's never going to overpromise. He knows how 728 00:41:12,680 --> 00:41:15,279 Speaker 1: the system works, he knows who he has to check with, 729 00:41:15,400 --> 00:41:17,600 Speaker 1: he knows how many votes he has, and he's he's 730 00:41:17,680 --> 00:41:21,640 Speaker 1: a very very careful legislator. And I think that's why 731 00:41:21,680 --> 00:41:25,600 Speaker 1: he's a very respective majority leader and Senate Majority Leader. 732 00:41:25,640 --> 00:41:31,040 Speaker 1: Mitch McConnell is leading Amy McGrath, the Democratic challenger, by 733 00:41:31,040 --> 00:41:36,880 Speaker 1: fifteen percentage points fifteen points in a poll released Tuesday 734 00:41:36,960 --> 00:41:41,080 Speaker 1: by the Morning Consoled UH. This according to Lexington eighteen 735 00:41:41,160 --> 00:41:44,439 Speaker 1: lex eighteen, which is the local MBC affiliate in UH 736 00:41:44,440 --> 00:41:47,520 Speaker 1: in Kentucky. The poll was conducted from September eleven to 737 00:41:47,600 --> 00:41:50,400 Speaker 1: twenty among hundreds of likely voters in the state. The 738 00:41:50,440 --> 00:41:52,960 Speaker 1: margin of error is plus your mind us two to 739 00:41:53,040 --> 00:41:57,799 Speaker 1: seven percent. But you know, we don't know. We don't 740 00:41:57,800 --> 00:42:00,320 Speaker 1: know obviously how how this will impact the race. But 741 00:42:00,360 --> 00:42:03,680 Speaker 1: he's up by fifteen in the state of Kentucky. UM, 742 00:42:03,800 --> 00:42:06,680 Speaker 1: so he appears to have a solid lead against Damian 743 00:42:06,719 --> 00:42:09,520 Speaker 1: McGrath in the state state of Kentucky. Does this drown 744 00:42:09,600 --> 00:42:11,200 Speaker 1: out the oxygen? I feel like I gotta get a 745 00:42:11,239 --> 00:42:13,759 Speaker 1: new phrase. Genis know? But does this does this make 746 00:42:13,800 --> 00:42:16,319 Speaker 1: it more difficult for things like fiscal stimulus or the 747 00:42:16,320 --> 00:42:19,759 Speaker 1: CR I mean, or do they become bargaining chips? Do 748 00:42:19,800 --> 00:42:21,200 Speaker 1: they not? I mean, there just seems to be so 749 00:42:21,280 --> 00:42:23,759 Speaker 1: much pressure to keep the government open. Genies they know. 750 00:42:24,719 --> 00:42:27,440 Speaker 1: But could Speaker Pelosi throw some hijinks into this or 751 00:42:27,480 --> 00:42:30,680 Speaker 1: what could the political drama be? Well, you know, Kevin, 752 00:42:30,719 --> 00:42:34,080 Speaker 1: every time I say, well, they will never know, that 753 00:42:34,120 --> 00:42:37,680 Speaker 1: will never happened. It happened. I've made a career off 754 00:42:37,719 --> 00:42:40,279 Speaker 1: of it for five years. Go ahead, it's my fifth 755 00:42:40,360 --> 00:42:43,520 Speaker 1: year Bloomberg anniversary next month. He's kind of go ahead, Oh, 756 00:42:43,640 --> 00:42:46,600 Speaker 1: happy anniversary. You know. So while I you know, I 757 00:42:46,680 --> 00:42:50,680 Speaker 1: listened very carefully to her interviews over the weekend, Nancy Pelosi, 758 00:42:50,800 --> 00:42:53,640 Speaker 1: and you know, she had her arrows and her quiver, 759 00:42:53,840 --> 00:42:56,960 Speaker 1: and you know, at a one point she said, you know, 760 00:42:57,040 --> 00:43:00,000 Speaker 1: the CR we all agree we need to get so important. 761 00:43:00,040 --> 00:43:02,279 Speaker 1: You have to keep the government open. So part of 762 00:43:02,320 --> 00:43:04,560 Speaker 1: me wants to say that, you know, that's gonna go 763 00:43:04,640 --> 00:43:08,040 Speaker 1: forward definitely. On the other hand, you know, she has 764 00:43:08,080 --> 00:43:13,160 Speaker 1: got to be under enormous pressure from her her progressive 765 00:43:13,239 --> 00:43:16,680 Speaker 1: then of her caucus to say, use every bow, as 766 00:43:16,719 --> 00:43:20,160 Speaker 1: she says in your quiver, to slow this thing down. 767 00:43:20,239 --> 00:43:23,480 Speaker 1: And if that means, you know, playing with if you 768 00:43:23,520 --> 00:43:27,200 Speaker 1: will the cr Is that something that's completely off the table. 769 00:43:27,280 --> 00:43:31,359 Speaker 1: I wouldn't think so for some Democrats, for whom this is, 770 00:43:31,520 --> 00:43:34,200 Speaker 1: you know, something that they're even talking about issues like 771 00:43:34,239 --> 00:43:37,320 Speaker 1: impeachment of the attorney general ord a second impeachment of 772 00:43:37,360 --> 00:43:41,160 Speaker 1: the president, which I can't imagine. But um, you think 773 00:43:41,200 --> 00:43:43,759 Speaker 1: we're going to have to interrupt? She floated it. It 774 00:43:43,880 --> 00:43:48,080 Speaker 1: was the attack, But yes, it was talk. I'm telling you, 775 00:43:48,120 --> 00:43:51,040 Speaker 1: in the halls of Congress, I couldn't stay two steps 776 00:43:51,040 --> 00:43:52,640 Speaker 1: to cups, which by the way, I don't even think 777 00:43:52,640 --> 00:43:54,520 Speaker 1: it's open or they have that hours because they couldn't 778 00:43:54,520 --> 00:43:55,640 Speaker 1: get a cup of coffee when I was up on 779 00:43:55,640 --> 00:43:58,800 Speaker 1: the hill. But I mean Lester months in speaker, Pelosi 780 00:43:58,840 --> 00:44:04,400 Speaker 1: floating another and pace each man. I mean, wow, wow, Kevin, 781 00:44:04,560 --> 00:44:07,839 Speaker 1: we live in amazing times. You're a young person. I 782 00:44:07,840 --> 00:44:13,759 Speaker 1: hope you appreciate how special this is. Controversies going on, 783 00:44:13,960 --> 00:44:16,279 Speaker 1: there's a lot of news to cover. This is this 784 00:44:16,360 --> 00:44:18,960 Speaker 1: is great for your business, my friend. But but but 785 00:44:19,320 --> 00:44:22,920 Speaker 1: but all getting aside, all getting aside, I mean, could 786 00:44:22,960 --> 00:44:26,480 Speaker 1: they finango same question that I put the genie? Could 787 00:44:26,560 --> 00:44:30,080 Speaker 1: they absolutely just say, you know what we are going 788 00:44:30,160 --> 00:44:32,239 Speaker 1: to shut down the government. We are going to burn 789 00:44:32,280 --> 00:44:34,959 Speaker 1: down the barn in order to try to block this lester. 790 00:44:35,120 --> 00:44:39,040 Speaker 1: I mean, really, they're talking impeachment. I think that would 791 00:44:39,080 --> 00:44:45,160 Speaker 1: be a huge mistake. Absolutely. I think I think they've 792 00:44:45,520 --> 00:44:50,040 Speaker 1: they've got an opportunity here with the court possibly changing 793 00:44:51,239 --> 00:44:55,000 Speaker 1: their local conspects of November. But they have to be smart. 794 00:44:55,040 --> 00:44:57,839 Speaker 1: They can't just throw everything at the wall. They've got 795 00:44:57,840 --> 00:45:00,120 Speaker 1: to be very care whoever the nominee ends up being. 796 00:45:00,520 --> 00:45:03,240 Speaker 1: They need to be careful about personal attacks, about attackling 797 00:45:03,280 --> 00:45:06,360 Speaker 1: someone's religion or anything like that, and instead focus on 798 00:45:06,400 --> 00:45:09,800 Speaker 1: the issues and keep it pretty tight on Obamacare and 799 00:45:09,840 --> 00:45:13,160 Speaker 1: this pre existing condition issue. Then they've got a real chance. 800 00:45:13,200 --> 00:45:15,880 Speaker 1: Their models should from the Democrats. Their models should be 801 00:45:17,400 --> 00:45:21,320 Speaker 1: when they avoided focusing on crazy issues and instead trying 802 00:45:21,360 --> 00:45:24,840 Speaker 1: to show that their candidates were moderate and reasonable and 803 00:45:24,840 --> 00:45:27,680 Speaker 1: would run the government better, and they ran the table 804 00:45:27,719 --> 00:45:29,880 Speaker 1: in the House and they came pretty close to the Senate. 805 00:45:30,560 --> 00:45:32,920 Speaker 1: Uh that that should be a model. Nancy Plosi is 806 00:45:32,960 --> 00:45:34,920 Speaker 1: smart enough to know that, but I think maybe she's 807 00:45:34,960 --> 00:45:36,960 Speaker 1: come a little unmoored in the last few months with 808 00:45:37,000 --> 00:45:40,600 Speaker 1: impeachment happening. In pandemic. They may have lost the formula 809 00:45:40,600 --> 00:45:42,759 Speaker 1: they've got to get back to. Let's go for those 810 00:45:42,800 --> 00:45:46,799 Speaker 1: mainstream voters. Let's trying not to unnecessarily offend people. Let's 811 00:45:46,920 --> 00:45:49,319 Speaker 1: let's go get the independence. Lord most Trump isn't trying 812 00:45:49,360 --> 00:45:51,440 Speaker 1: to get them. If Democrats could go get the independence, 813 00:45:51,520 --> 00:45:55,319 Speaker 1: could win this thing. Genie is there is are these 814 00:45:55,360 --> 00:46:00,720 Speaker 1: swing state Democrats in Congress? Are they at risk if 815 00:46:00,760 --> 00:46:03,200 Speaker 1: they don't get a fiscal stimulus deal? And by the way, 816 00:46:03,200 --> 00:46:04,600 Speaker 1: I got to give a shout out to my friend 817 00:46:04,600 --> 00:46:07,359 Speaker 1: Lisa Bramo. It's on the Blueberg Surveillance team. Lisa says 818 00:46:07,360 --> 00:46:09,319 Speaker 1: she doesn't like to call a fiscal stimulus. She likes 819 00:46:09,320 --> 00:46:12,200 Speaker 1: to call a fiscal support. I totally agree. I don't 820 00:46:12,200 --> 00:46:15,120 Speaker 1: see how you look at these This is stimulus when 821 00:46:15,120 --> 00:46:18,920 Speaker 1: folks are literally trying to just keep open. And I 822 00:46:18,920 --> 00:46:21,000 Speaker 1: think fiscal support is what we ought to be calling 823 00:46:21,000 --> 00:46:23,480 Speaker 1: it because it seems like a no brainer. Some of 824 00:46:23,520 --> 00:46:26,600 Speaker 1: this stuff go ahead. G Yeah, no, And I couldn't 825 00:46:26,640 --> 00:46:29,400 Speaker 1: agree more. Um, you know we have you know, you 826 00:46:29,440 --> 00:46:33,120 Speaker 1: look at the number of people devastated by the pandemic. 827 00:46:33,160 --> 00:46:35,440 Speaker 1: I was just looking at the numbers just where I 828 00:46:35,480 --> 00:46:38,360 Speaker 1: am in New York City in terms of the hotel business, 829 00:46:38,440 --> 00:46:41,720 Speaker 1: for instance, and people who work these are low middle 830 00:46:41,800 --> 00:46:44,799 Speaker 1: income people who work for hotels which have been decimated. 831 00:46:45,160 --> 00:46:47,360 Speaker 1: And so to your point, it's not a stimulus. It 832 00:46:47,480 --> 00:46:50,640 Speaker 1: is it isn't you know, needed support. And I do 833 00:46:50,840 --> 00:46:54,919 Speaker 1: think both Democrats and Republicans are at risk if they 834 00:46:55,000 --> 00:46:59,160 Speaker 1: can't pass common sense legislation in a pandemic. I mean, 835 00:46:59,440 --> 00:47:01,640 Speaker 1: you know, there's dry We don't ask a lot of 836 00:47:01,640 --> 00:47:04,359 Speaker 1: our government, but they should be able to help us 837 00:47:04,400 --> 00:47:07,120 Speaker 1: in a pandemic. And to me, that's more important than 838 00:47:07,160 --> 00:47:10,040 Speaker 1: anything right now. Less months in Principal Government Relations from 839 00:47:10,040 --> 00:47:13,160 Speaker 1: b GR Group of Republican Insider. Thank you, Lesser. Always 840 00:47:13,160 --> 00:47:14,640 Speaker 1: great to talk with you on the course. Geniz Ano, 841 00:47:14,640 --> 00:47:16,840 Speaker 1: my friend geniez Ano, I own a college professor and 842 00:47:16,880 --> 00:47:19,759 Speaker 1: Bloomberg Politics contributor. I missed the times when we were 843 00:47:19,800 --> 00:47:23,919 Speaker 1: all on set together, me, you, Rick Weston, we'd get 844 00:47:23,960 --> 00:47:26,320 Speaker 1: we'd get Lesser in on there. I'd be eating snacks 845 00:47:26,360 --> 00:47:28,520 Speaker 1: in the breaks. I'm Kevin Cirelli. You're listening to Bloomberg 846 00:47:28,600 --> 00:47:33,480 Speaker 1: nine and nine one. You're listening to Bloomberg Sound On 847 00:47:33,560 --> 00:47:37,560 Speaker 1: with Kevin Surrel on Bloomberg and one oh five point 848 00:47:37,600 --> 00:47:41,040 Speaker 1: seven f M HD two. My name is Kevin Cirelli 849 00:47:41,080 --> 00:47:44,000 Speaker 1: on the Chief Washington correspondent for Bloomberg Television and from 850 00:47:44,000 --> 00:47:49,279 Speaker 1: Bloomberg Radio. What a beautiful day outside, gorgeous, I said, 851 00:47:49,280 --> 00:47:51,120 Speaker 1: it's such a nice day. We gotta check in with 852 00:47:51,160 --> 00:47:55,759 Speaker 1: Congressman Denver Riggleman. He's a Republican from Virginia. Congressman, how 853 00:47:55,760 --> 00:47:58,360 Speaker 1: are you what? What how are you doing in these 854 00:47:58,840 --> 00:48:03,160 Speaker 1: bizarre times? Hey man? The sun comes up every morning, Kevin? 855 00:48:03,280 --> 00:48:08,640 Speaker 1: You know, uh, I mean because last week, last week 856 00:48:08,680 --> 00:48:10,200 Speaker 1: I thought it was the mood because of all the 857 00:48:10,200 --> 00:48:14,080 Speaker 1: wildfire smoke. But what do I know? Go ahead, absolutely 858 00:48:14,120 --> 00:48:17,399 Speaker 1: absolutely that is true. Uh, but no, the sun comes up, 859 00:48:17,440 --> 00:48:19,400 Speaker 1: and uh, you know, you just keep moving forward and 860 00:48:19,440 --> 00:48:21,640 Speaker 1: doing the best you can. And I probably had the 861 00:48:21,680 --> 00:48:23,600 Speaker 1: most interesting two and a half to three years that 862 00:48:23,640 --> 00:48:26,160 Speaker 1: I can remember. Um, you got to write a book. 863 00:48:27,880 --> 00:48:30,600 Speaker 1: I got one coming and uh writing another one right now, 864 00:48:30,640 --> 00:48:34,080 Speaker 1: and so I actually got to coming um that I've 865 00:48:34,080 --> 00:48:36,000 Speaker 1: been writing. So a lot of it's a little bit 866 00:48:36,000 --> 00:48:38,200 Speaker 1: different than other politicians, I promise you mine are in 867 00:48:38,239 --> 00:48:41,920 Speaker 1: self aggrandizing sort of mythological pieces of tripe. You know 868 00:48:41,960 --> 00:48:45,040 Speaker 1: they actually are, uh you know where you're trying to 869 00:48:45,040 --> 00:48:47,759 Speaker 1: create some kind of religious you know, like you're the 870 00:48:47,920 --> 00:48:51,320 Speaker 1: you're the guy, you know, and your circumstances were so special, 871 00:48:51,760 --> 00:48:53,560 Speaker 1: not even a religion. It's more they just want a 872 00:48:53,560 --> 00:48:56,040 Speaker 1: lot of Twitter followers go ahead, And I think that's 873 00:48:56,080 --> 00:48:58,800 Speaker 1: what it is. And it's always you know, sort of mythologize. 874 00:48:59,120 --> 00:49:02,520 Speaker 1: Mine's pretty self deprecating. So it really comes to, you know, 875 00:49:02,600 --> 00:49:04,200 Speaker 1: it's the guy just tried to do the best you 876 00:49:04,280 --> 00:49:06,759 Speaker 1: can write and uh, it says it's a lot of 877 00:49:06,800 --> 00:49:08,840 Speaker 1: fun and um, you know, a lot of it's about 878 00:49:08,840 --> 00:49:11,560 Speaker 1: my you know, my past and counter terrorism, but also 879 00:49:11,600 --> 00:49:14,480 Speaker 1: conspiracy theories and how I've learned how easy they are 880 00:49:14,840 --> 00:49:18,200 Speaker 1: to sort of to to perpetuate, and and also about 881 00:49:18,200 --> 00:49:20,960 Speaker 1: being an accidental congressman, you know, and how that happened 882 00:49:20,960 --> 00:49:23,239 Speaker 1: and what it was like to be a non politician 883 00:49:23,239 --> 00:49:25,640 Speaker 1: in a political world. It's just, yeah, I can't wait 884 00:49:25,680 --> 00:49:28,080 Speaker 1: to read the book. You've got a bill out that 885 00:49:28,120 --> 00:49:31,960 Speaker 1: I want to talk about, called the Hemp Opportunity Zone Act. 886 00:49:32,239 --> 00:49:34,040 Speaker 1: And what I love about this is even though that 887 00:49:34,080 --> 00:49:36,880 Speaker 1: you're not going to be in office uh next Congress, 888 00:49:36,920 --> 00:49:40,160 Speaker 1: you're still introducing legislation, which is really I think it 889 00:49:40,200 --> 00:49:42,279 Speaker 1: says a lot about you, Um, but tell us about 890 00:49:42,280 --> 00:49:45,840 Speaker 1: the Hemp Opportunity Zone Act. I gotta tell you, Kevin. 891 00:49:45,920 --> 00:49:47,680 Speaker 1: You know, I worked six eight months on that bill, 892 00:49:47,760 --> 00:49:50,680 Speaker 1: and and it started the fact that Virginia wasn't on 893 00:49:50,719 --> 00:49:52,680 Speaker 1: the crop insurance list for hemp. And here we are 894 00:49:52,719 --> 00:49:55,799 Speaker 1: with this huge tobacco infrastructure and growing him So I 895 00:49:55,840 --> 00:49:58,960 Speaker 1: worked with USDA and Sonny Purdue to get us on 896 00:49:59,000 --> 00:50:00,920 Speaker 1: the HEMP. There's only three team states to get us 897 00:50:00,920 --> 00:50:03,520 Speaker 1: on the list. Then I sent a letter about deregulatory issues, 898 00:50:03,520 --> 00:50:05,920 Speaker 1: and I'm like, wait a minute, why aren't we incentivizing 899 00:50:05,960 --> 00:50:09,920 Speaker 1: farmers in a high risk area like hemp that's so unstable? Um, 900 00:50:09,960 --> 00:50:11,279 Speaker 1: why don't we do it in a way that not 901 00:50:11,320 --> 00:50:15,560 Speaker 1: only has a marketability study, but actually defines what they 902 00:50:15,600 --> 00:50:17,680 Speaker 1: need to do in order to get the tax deductions 903 00:50:17,680 --> 00:50:20,240 Speaker 1: and capital you know, with capital gains. Sort of mimicking 904 00:50:20,600 --> 00:50:22,360 Speaker 1: not only the opportunities on ACT. But I don't know 905 00:50:22,400 --> 00:50:25,000 Speaker 1: if you've heard of the gigabit opportunities on ACT, right, 906 00:50:25,600 --> 00:50:28,279 Speaker 1: you know, so all of these acts, right, So we 907 00:50:28,280 --> 00:50:30,000 Speaker 1: we tried to mimic that, but then try to make 908 00:50:30,000 --> 00:50:33,320 Speaker 1: it very special or very specific for a hip growers. 909 00:50:33,360 --> 00:50:35,680 Speaker 1: I'm just so proud of it um, you know, And 910 00:50:35,719 --> 00:50:37,719 Speaker 1: it's long term, right, It's it's for people who are 911 00:50:37,719 --> 00:50:39,680 Speaker 1: willing to take the risk to grow hemp and all 912 00:50:39,680 --> 00:50:42,160 Speaker 1: these agricultural areas. And it's really not limited to the 913 00:50:42,200 --> 00:50:45,080 Speaker 1: size of the of the grower initially, it's anybody who 914 00:50:45,120 --> 00:50:46,600 Speaker 1: wants to get involved with it, because I think it 915 00:50:46,640 --> 00:50:48,759 Speaker 1: needs to be equal. And not only that, Kevin. You 916 00:50:48,760 --> 00:50:51,040 Speaker 1: know it's incredible is that I had two bills come 917 00:50:51,040 --> 00:50:53,480 Speaker 1: out of committee last week, which was the Ensuring Lasting 918 00:50:53,520 --> 00:50:56,799 Speaker 1: Smiles Act for Kids for Congenital Deformities and also the 919 00:50:56,800 --> 00:51:01,360 Speaker 1: Store Act, the State Opioid Response pract Response uh Grant Act. 920 00:51:01,880 --> 00:51:04,160 Speaker 1: And I did that with David tron out of Maryland. 921 00:51:04,200 --> 00:51:07,279 Speaker 1: So two bipartisan bills out a committee, another one put down. 922 00:51:07,320 --> 00:51:09,880 Speaker 1: I got the Purple Star build out there for families 923 00:51:09,920 --> 00:51:13,080 Speaker 1: that had veterans who committed suicide. I've been working my 924 00:51:13,120 --> 00:51:14,799 Speaker 1: butt off because I'm going to run through the tape. 925 00:51:14,840 --> 00:51:17,239 Speaker 1: Because you serve for two years. You serve for two 926 00:51:17,280 --> 00:51:19,400 Speaker 1: years regardless of the circumstance. You do the best you 927 00:51:19,400 --> 00:51:21,799 Speaker 1: can because you signed up well. And I and I 928 00:51:21,800 --> 00:51:24,239 Speaker 1: I you know, you and I have talked about this. 929 00:51:24,360 --> 00:51:27,640 Speaker 1: You've you've alluded to it publicly, I mean, I'm not 930 00:51:27,680 --> 00:51:32,200 Speaker 1: sure this is the final chapter in your political book. Personally. 931 00:51:32,280 --> 00:51:35,600 Speaker 1: I mean, you've even openly floated with the idea of 932 00:51:35,600 --> 00:51:38,200 Speaker 1: of maybe running for governor or whatnot. And you know 933 00:51:38,280 --> 00:51:41,360 Speaker 1: you don't. You don't run a marathon to mile twenty six. 934 00:51:41,360 --> 00:51:44,080 Speaker 1: And I don't think, sir, that you're in mile twenty six. 935 00:51:44,080 --> 00:51:46,879 Speaker 1: I think you're in like mile one, but you run 936 00:51:46,960 --> 00:51:49,439 Speaker 1: to twenty six point two. You know what I'm saying. 937 00:51:49,440 --> 00:51:51,120 Speaker 1: I mean, someone told me that I'm six weeks out 938 00:51:51,120 --> 00:51:53,040 Speaker 1: from the election, that here we are, we're a mile 939 00:51:53,120 --> 00:51:55,120 Speaker 1: twenty six. You gotta finish the race. You're in. You 940 00:51:55,200 --> 00:51:58,239 Speaker 1: gotta finish it. You got Yeah, it doesn't really matter 941 00:51:58,280 --> 00:52:01,280 Speaker 1: about the presidential election or elections going on. It matters 942 00:52:01,280 --> 00:52:04,120 Speaker 1: about the It matters about the legislation I can't get 943 00:52:04,120 --> 00:52:07,279 Speaker 1: through for the citizens of Virginia Fit District. That's that's 944 00:52:07,320 --> 00:52:09,520 Speaker 1: who I'm loyal to. That's who I work for. I 945 00:52:09,520 --> 00:52:11,840 Speaker 1: don't work for anybody else. And you're a public servant, 946 00:52:11,920 --> 00:52:14,320 Speaker 1: you mean you're you're still focusing on the service aspect 947 00:52:14,320 --> 00:52:17,120 Speaker 1: of your job. Remarkable. Yeah, we don't find too many 948 00:52:17,120 --> 00:52:20,520 Speaker 1: of those people anymore. Congress. Well, I get to do 949 00:52:20,560 --> 00:52:23,280 Speaker 1: that because I have a great life outside of it, right, Kevin, 950 00:52:23,480 --> 00:52:26,960 Speaker 1: because you run a wicky, because you run a distillery. 951 00:52:27,640 --> 00:52:30,799 Speaker 1: Am I wrong? No, You're not wrong. You're not wrong 952 00:52:30,840 --> 00:52:33,000 Speaker 1: at all. And you know, being able to start multiple 953 00:52:33,040 --> 00:52:36,080 Speaker 1: companies from counter terrorism to whiskey, I think, uh, I'm 954 00:52:36,480 --> 00:52:38,600 Speaker 1: I'm you know, I've been able to live the American dream. 955 00:52:38,680 --> 00:52:40,960 Speaker 1: And people like, oh my god, you got railroaded in 956 00:52:41,000 --> 00:52:43,839 Speaker 1: that weird drive through dairy queen thing in a church 957 00:52:43,920 --> 00:52:46,320 Speaker 1: parking lot. I'm like, yeah, it was. It was corrupt, 958 00:52:46,400 --> 00:52:50,120 Speaker 1: it was completely wrong. But but the sun comes up 959 00:52:50,160 --> 00:52:52,120 Speaker 1: every morning. You've got to be the best person you 960 00:52:52,160 --> 00:52:53,839 Speaker 1: can be, and and you do. You know, you don't 961 00:52:53,840 --> 00:52:56,399 Speaker 1: cry were spilled. Look, you move forward. You always move forward. 962 00:52:56,440 --> 00:52:57,880 Speaker 1: If you do that, you find out you can do 963 00:52:57,920 --> 00:53:00,359 Speaker 1: some great things. Yeah, or you just scream into your 964 00:53:00,400 --> 00:53:02,480 Speaker 1: pillow and just make sure no one can hear you. 965 00:53:02,480 --> 00:53:04,040 Speaker 1: You know what I'm saying. You know, you gotta be 966 00:53:04,080 --> 00:53:05,920 Speaker 1: able to let it out. Let me ask you about this. 967 00:53:05,960 --> 00:53:08,640 Speaker 1: Are we gonna get fiscal stimulus? What's the drama? What's 968 00:53:08,640 --> 00:53:11,439 Speaker 1: the hold of? Because it makes no sense whether you're 969 00:53:11,440 --> 00:53:14,400 Speaker 1: out there in rural Virginia or you're in a city 970 00:53:14,680 --> 00:53:17,239 Speaker 1: for people who cannot understand. And I don't even like 971 00:53:17,239 --> 00:53:19,560 Speaker 1: calling a fiscal stimulus anymore. It should be called fiscal 972 00:53:19,600 --> 00:53:22,720 Speaker 1: support because this is insane. I mean, across the pond, 973 00:53:23,040 --> 00:53:25,480 Speaker 1: they're they're gonna impose restrictions. I don't want to use 974 00:53:25,480 --> 00:53:28,200 Speaker 1: the word lockdown because lockdown is incorrect, but they're imposing 975 00:53:28,280 --> 00:53:32,320 Speaker 1: restrictions for at least six months. Boris Johnson is saying, 976 00:53:32,840 --> 00:53:34,920 Speaker 1: I mean that could come here through no fault of 977 00:53:34,960 --> 00:53:37,640 Speaker 1: any I mean, you know, and I don't know. I 978 00:53:37,680 --> 00:53:40,560 Speaker 1: just I don't understand, Congressman, why the why why there 979 00:53:40,600 --> 00:53:42,640 Speaker 1: can't be some type of bipartisan deal. I just I 980 00:53:42,640 --> 00:53:45,600 Speaker 1: can't wrap my head around it. I think most people, 981 00:53:45,680 --> 00:53:47,560 Speaker 1: and you know now that I have this whole two 982 00:53:47,640 --> 00:53:51,080 Speaker 1: years of experience, right Kevin, But you know, I think, um, 983 00:53:51,120 --> 00:53:53,000 Speaker 1: I think what what it comes down to is people 984 00:53:53,040 --> 00:53:55,400 Speaker 1: want to be Twitter famous or sort of clickbait famous, 985 00:53:55,440 --> 00:53:59,040 Speaker 1: rather than getting reporter to I shouldn't have just said that, 986 00:53:59,080 --> 00:54:03,600 Speaker 1: but reporters to reporters to don't oh trust me, I listen. 987 00:54:03,640 --> 00:54:05,520 Speaker 1: They're the ones who made me number one on Google 988 00:54:05,520 --> 00:54:08,000 Speaker 1: images for bigfoot, right, I mean, come on, so U 989 00:54:08,200 --> 00:54:10,879 Speaker 1: but you know that you know, it is about click bait. 990 00:54:10,960 --> 00:54:12,960 Speaker 1: It's about you know, that kind of stuff going on, 991 00:54:13,040 --> 00:54:14,840 Speaker 1: and why you have the workforce is and and I 992 00:54:14,920 --> 00:54:17,560 Speaker 1: count of myself as a workhorse. Listen, you know, I 993 00:54:17,640 --> 00:54:19,880 Speaker 1: guess I could have been a showhorse with my amazing, dashing, 994 00:54:19,880 --> 00:54:25,800 Speaker 1: good looks Kevin. But you know I'm gonna get in trouble. 995 00:54:26,120 --> 00:54:30,359 Speaker 1: I can't talk keep talking, so that I don't talk well, 996 00:54:30,360 --> 00:54:32,920 Speaker 1: I mean, big paused out of this is listen. When 997 00:54:32,920 --> 00:54:35,279 Speaker 1: you've got somebody five ft foot seven that's built like 998 00:54:35,320 --> 00:54:37,239 Speaker 1: a fire plug and probably not gonna be you know, 999 00:54:37,280 --> 00:54:40,719 Speaker 1: the centerfold for Chainsaw magazine. You know, So I gotta go, 1000 00:54:40,960 --> 00:54:43,919 Speaker 1: you know, I gotta work, you know. And so it's 1001 00:54:43,920 --> 00:54:45,640 Speaker 1: been it's been an interesting time for me. I've been 1002 00:54:45,760 --> 00:54:47,560 Speaker 1: very blessed in my life, Kevin, as you know, and 1003 00:54:47,880 --> 00:54:50,160 Speaker 1: You've been great. But I'm not going anywhere. I'm still 1004 00:54:50,160 --> 00:54:52,440 Speaker 1: gonna fight for people because what about the deal? What 1005 00:54:52,480 --> 00:54:55,880 Speaker 1: about the deal on fiscal support. I can't believe that 1006 00:54:56,120 --> 00:54:57,520 Speaker 1: we don't have a deal yet. You know, I've been 1007 00:54:57,520 --> 00:55:01,040 Speaker 1: screaming about business liability protections for Intima Station and I 1008 00:55:01,080 --> 00:55:02,799 Speaker 1: mean I've been saying, listen, guys, you know we are 1009 00:55:02,840 --> 00:55:05,000 Speaker 1: going down a bad path here by not caring about 1010 00:55:05,000 --> 00:55:08,440 Speaker 1: the American people and now with the death sadly, I mean, 1011 00:55:08,640 --> 00:55:11,239 Speaker 1: you know, God bless or Ruth Bader Ginsburg, right we now, 1012 00:55:11,800 --> 00:55:14,160 Speaker 1: I think have so much going on on the other 1013 00:55:14,280 --> 00:55:16,719 Speaker 1: side here, I'd be very surprised if we got a 1014 00:55:16,760 --> 00:55:18,799 Speaker 1: stimulus deal. And I think that is just a shame 1015 00:55:18,880 --> 00:55:21,000 Speaker 1: for the American people. And I think it's a I 1016 00:55:21,080 --> 00:55:24,000 Speaker 1: think it's a pox. Really on the Congress, what's one 1017 00:55:24,040 --> 00:55:26,200 Speaker 1: thing on your radar? We got a minute left, one 1018 00:55:26,239 --> 00:55:29,040 Speaker 1: thing on your radar. The one thing on my radar 1019 00:55:29,360 --> 00:55:31,440 Speaker 1: is making my decision for what I'm gonna do, you 1020 00:55:31,520 --> 00:55:34,000 Speaker 1: know here in the Commonwealth. But which really on my 1021 00:55:34,200 --> 00:55:36,759 Speaker 1: radar is if I can get my big thing, and 1022 00:55:36,800 --> 00:55:38,680 Speaker 1: I know this isn't a sexy as I want to hear, 1023 00:55:38,760 --> 00:55:41,480 Speaker 1: is can I get the Ensuring Lasting Smiles Act on 1024 00:55:41,560 --> 00:55:46,480 Speaker 1: the floor for children with congenital deforming That would essentially 1025 00:55:46,560 --> 00:55:48,080 Speaker 1: for people who don't know, I mean, what that would 1026 00:55:48,160 --> 00:55:50,839 Speaker 1: essentially do is allow for health insurance for kids who 1027 00:55:50,920 --> 00:55:54,520 Speaker 1: are are are facing and families who are facing just 1028 00:55:54,640 --> 00:55:58,200 Speaker 1: a really, really unfortunate situation and health insurance to cover it. 1029 00:55:59,080 --> 00:56:02,399 Speaker 1: Hopefully it gets past. They can't grow teeth, they can't eat, 1030 00:56:02,480 --> 00:56:04,799 Speaker 1: you know, and uh, you know there's been loopholes there. 1031 00:56:04,840 --> 00:56:06,560 Speaker 1: But I got a call from the dental. So so Denver, 1032 00:56:06,680 --> 00:56:08,320 Speaker 1: you are the man, you know, and you know to 1033 00:56:08,440 --> 00:56:11,000 Speaker 1: have a Republican and Democrat lead this through with co 1034 00:56:11,160 --> 00:56:14,000 Speaker 1: sponsors taking two years or more to do this, you know, 1035 00:56:14,200 --> 00:56:16,360 Speaker 1: God bless America. So this is when you look at 1036 00:56:16,400 --> 00:56:18,440 Speaker 1: Congress and say, maybe they can do something good. And 1037 00:56:19,080 --> 00:56:20,759 Speaker 1: you know, and and I'm going to be very proud 1038 00:56:20,800 --> 00:56:23,560 Speaker 1: of this if we get this through. Congressman edver Riggleman, 1039 00:56:23,640 --> 00:56:26,959 Speaker 1: a Republican from Virginia. Thanks as always for for making 1040 00:56:27,040 --> 00:56:30,279 Speaker 1: time for me. And I used a lot of restraint there, Congressman, 1041 00:56:30,520 --> 00:56:32,640 Speaker 1: because you could have got me in a lot of trouble. 1042 00:56:33,120 --> 00:56:36,040 Speaker 1: And I could see our executive producer in the video chat, 1043 00:56:36,120 --> 00:56:39,000 Speaker 1: Christine Murata, being like like shaking her head, like, Kevin, 1044 00:56:39,440 --> 00:56:43,239 Speaker 1: don't talk, just don't talk. You tell her high for 1045 00:56:43,400 --> 00:56:45,000 Speaker 1: me and tell her you know me. And you've gotten 1046 00:56:45,040 --> 00:56:46,880 Speaker 1: trouble before. You know, when you broke that, I was 1047 00:56:46,960 --> 00:56:50,799 Speaker 1: considering running created a firestorm here. And I know I'm 1048 00:56:51,080 --> 00:56:53,320 Speaker 1: you know, I'm not sorry. It's my job. Don't ate 1049 00:56:53,400 --> 00:56:56,640 Speaker 1: the player, ate the game. I'm Kevin Cirelli. You're listening 1050 00:56:56,680 --> 00:57:00,120 Speaker 1: to Bloomberg. One Up.