1 00:00:01,440 --> 00:00:05,160 Speaker 1: Now live from the Boston Convention Center at the annual 2 00:00:05,200 --> 00:00:08,000 Speaker 1: meeting of the Greater Boston Chamber of Commerce. It's a 3 00:00:08,080 --> 00:00:11,879 Speaker 1: special edition of Bloomberg Sound On with Joe Matthew on 4 00:00:12,000 --> 00:00:18,360 Speaker 1: Bloomberg Radio. It's one of the busiest days of the 5 00:00:18,400 --> 00:00:21,799 Speaker 1: election cycle, with primaries in five states. Welcome to the 6 00:00:21,840 --> 00:00:25,439 Speaker 1: fastest hour in politics, and yes, a special edition of 7 00:00:25,480 --> 00:00:28,320 Speaker 1: Bloomberg Sound On. We're in Boston Live. We're the biggest 8 00:00:28,360 --> 00:00:32,559 Speaker 1: meeting of business in politics is happening tonight courtesy the 9 00:00:32,600 --> 00:00:34,879 Speaker 1: Boston Chamber of Commerce. We're gonna be hearing from some 10 00:00:34,920 --> 00:00:37,839 Speaker 1: of the smartest minds in the hub here, including Lisa Wheeland, 11 00:00:38,120 --> 00:00:41,680 Speaker 1: the CEO of the Massachusetts Port Authority. That's the agency 12 00:00:41,680 --> 00:00:45,639 Speaker 1: that manages the intersection of transportation and trade and oversees 13 00:00:45,680 --> 00:00:48,159 Speaker 1: the port here in Boston, but is now connecting to 14 00:00:48,200 --> 00:00:50,800 Speaker 1: new markets thanks to a massive dredging project. We'll talk 15 00:00:50,840 --> 00:00:53,599 Speaker 1: about that and the supply chain crisis how it's impacting 16 00:00:53,600 --> 00:00:56,600 Speaker 1: economies in the Northeast. Are panel today to local names 17 00:00:56,600 --> 00:01:00,280 Speaker 1: with national influence in politics. Scott Ferston of Liberty Square Group, 18 00:01:00,520 --> 00:01:02,840 Speaker 1: and Jennifer Nessour is back with us, former chair of 19 00:01:02,840 --> 00:01:06,080 Speaker 1: the Massachusetts GOP as we meet Jennifer right here in 20 00:01:06,120 --> 00:01:08,000 Speaker 1: her hometown. So we've got a lot on the way 21 00:01:08,040 --> 00:01:09,720 Speaker 1: this hour. You picked a good day to join us. 22 00:01:09,760 --> 00:01:12,000 Speaker 1: And as we join you from the Boston Convention Center 23 00:01:12,400 --> 00:01:14,520 Speaker 1: in the Seaport district of Boston, if you know this 24 00:01:14,600 --> 00:01:17,160 Speaker 1: part of town or not, we're overlooking Boston Harbor. We 25 00:01:17,160 --> 00:01:19,399 Speaker 1: can see Logan Airport on one side and as I 26 00:01:19,440 --> 00:01:22,200 Speaker 1: look to my left the Boston skyline on the other. 27 00:01:22,240 --> 00:01:24,679 Speaker 1: It's a gorgeous view. And the annual meeting year of 28 00:01:24,720 --> 00:01:27,520 Speaker 1: the Greater Boston Chamber. It's the biggest business event of 29 00:01:27,560 --> 00:01:31,440 Speaker 1: the year in a rather unique economy. Here. Bloomberg is 30 00:01:31,440 --> 00:01:34,640 Speaker 1: the media sponsor, and a special greetings to Bloomberg Radio 31 00:01:34,720 --> 00:01:37,319 Speaker 1: here in Boston, our listeners on one oh six point 32 00:01:37,319 --> 00:01:39,800 Speaker 1: one FM. This meeting is happening today against the backdrop 33 00:01:39,840 --> 00:01:42,240 Speaker 1: of primary politics. We're gonna be talking about this a 34 00:01:42,240 --> 00:01:46,240 Speaker 1: lot this hour. Voting in five states, including Pennsylvania, where 35 00:01:46,240 --> 00:01:48,400 Speaker 1: the Senate race is one of the most closely watched 36 00:01:48,400 --> 00:01:49,800 Speaker 1: in the country and by the way, one of the 37 00:01:49,800 --> 00:01:52,559 Speaker 1: most expensive so far as well. And that is where 38 00:01:52,600 --> 00:01:55,040 Speaker 1: we're gonna start with our panel. Scott Pherson is with 39 00:01:55,120 --> 00:01:58,320 Speaker 1: us Liberty Square Group along with Jennifer Nessour no stranger 40 00:01:58,360 --> 00:02:01,600 Speaker 1: to this program, former chair of the Massachusetts GOP. What 41 00:02:01,640 --> 00:02:03,200 Speaker 1: a treat to have both of you here. It's great 42 00:02:03,240 --> 00:02:05,320 Speaker 1: to see you, Jennifer. I'll start with you if I can, 43 00:02:06,000 --> 00:02:08,320 Speaker 1: not on the races yet, but on the on the 44 00:02:08,400 --> 00:02:11,000 Speaker 1: issues that we're hearing people talk about in the room 45 00:02:11,040 --> 00:02:14,120 Speaker 1: here that translate to every state and every contest in 46 00:02:14,160 --> 00:02:17,240 Speaker 1: the country. Number one is inflation. Right, Supply chains might 47 00:02:17,280 --> 00:02:20,280 Speaker 1: come in there, uh, and of course they're deeply intertwined. 48 00:02:20,280 --> 00:02:23,720 Speaker 1: We're gonna be speaking soon with the CEO of Massport uh, 49 00:02:23,840 --> 00:02:27,480 Speaker 1: and some of the other attempts to reopen the economy. 50 00:02:27,520 --> 00:02:30,840 Speaker 1: I guess, as I'm learning today showing up in Boston, 51 00:02:30,919 --> 00:02:34,680 Speaker 1: there's a new variant that is sending case loads higher. 52 00:02:35,360 --> 00:02:38,040 Speaker 1: And these are all conversations that we're having around the 53 00:02:38,040 --> 00:02:40,800 Speaker 1: country right now here in Boston. Though, how much of 54 00:02:40,800 --> 00:02:44,680 Speaker 1: a concern is this COVID issue when we're looking at 55 00:02:45,400 --> 00:02:49,880 Speaker 1: historical high inflation, historically high inflation and an attempt to 56 00:02:49,880 --> 00:02:52,200 Speaker 1: reopen from an economy that might not let us reopen 57 00:02:52,280 --> 00:02:54,399 Speaker 1: quite the way we want. First of all, it's great 58 00:02:54,440 --> 00:02:56,160 Speaker 1: to be here and great to actually see you in 59 00:02:56,200 --> 00:03:01,320 Speaker 1: person in the flesh reopening. Speaking of reopening, Um, I 60 00:03:01,360 --> 00:03:05,320 Speaker 1: think the economy. It's always the economy, stupid, right, and 61 00:03:05,440 --> 00:03:08,880 Speaker 1: so it is inflation, it's the fact that when we 62 00:03:08,960 --> 00:03:11,960 Speaker 1: go and put gas in our gas tanks, it's the 63 00:03:12,000 --> 00:03:13,920 Speaker 1: other day it costs me five dollars a gallon to 64 00:03:13,960 --> 00:03:17,639 Speaker 1: put gas in my gas tank in Massachusetts. That's crazy, 65 00:03:17,720 --> 00:03:19,880 Speaker 1: and so for I think for a lot of people, 66 00:03:20,000 --> 00:03:21,799 Speaker 1: especially in an area where a lot of people are 67 00:03:21,880 --> 00:03:25,120 Speaker 1: driving all the time, that's what people are looking at, 68 00:03:25,160 --> 00:03:29,880 Speaker 1: putting food on the table, housing costs, food costs, gas costs, 69 00:03:30,200 --> 00:03:32,760 Speaker 1: and it just seems like you're never getting a break. 70 00:03:33,080 --> 00:03:35,320 Speaker 1: And so I think here in Massachusetts, where we were 71 00:03:35,400 --> 00:03:37,640 Speaker 1: closed down for a long time, people are ready to 72 00:03:37,680 --> 00:03:41,040 Speaker 1: get out. But when things are costing so much money 73 00:03:41,240 --> 00:03:44,080 Speaker 1: and businesses can't find people to work for them, you're 74 00:03:44,120 --> 00:03:46,360 Speaker 1: going We're going to see the economy take a big 75 00:03:46,480 --> 00:03:49,040 Speaker 1: hit here if things continue on the trajectory that they're on. 76 00:03:49,320 --> 00:03:52,000 Speaker 1: What do you make of this part of the conversation, Scott, 77 00:03:52,000 --> 00:03:55,560 Speaker 1: You've run campaigns, These these translate across the country right now, 78 00:03:55,600 --> 00:03:58,960 Speaker 1: and if you're a Democrat running for office or for 79 00:03:59,080 --> 00:04:02,600 Speaker 1: re election, you're going to be hit with questions about inflation. First, 80 00:04:02,760 --> 00:04:05,200 Speaker 1: how do you manage that before it's a problem. I 81 00:04:05,440 --> 00:04:07,400 Speaker 1: think you have to manage it. It's um. I've been 82 00:04:07,440 --> 00:04:09,840 Speaker 1: I agree with with with Jen. I've been traveling around 83 00:04:09,840 --> 00:04:12,800 Speaker 1: the country. I've been in Illinois and Ohio and uh 84 00:04:12,800 --> 00:04:15,240 Speaker 1: in Texas and Georgia and other places, and people are 85 00:04:15,520 --> 00:04:17,800 Speaker 1: you know, they're talking about inflation. They don't use that word. 86 00:04:18,000 --> 00:04:21,520 Speaker 1: It is gas prices, it's food prices. Housing is a 87 00:04:21,600 --> 00:04:23,920 Speaker 1: huge issue. And the places that I've been to, which 88 00:04:23,920 --> 00:04:27,040 Speaker 1: are are sort of swing districts, Um, the unemployment is 89 00:04:27,120 --> 00:04:29,640 Speaker 1: very low. So it's it's not that it's not the 90 00:04:29,640 --> 00:04:32,520 Speaker 1: people are out of work. It's that people feel stuck 91 00:04:32,600 --> 00:04:34,280 Speaker 1: in whatever house they're in, even if their house is 92 00:04:34,320 --> 00:04:35,760 Speaker 1: worth a whole lot more than they paid for it. 93 00:04:35,760 --> 00:04:37,920 Speaker 1: They don't feel like they have options in the way 94 00:04:37,920 --> 00:04:41,719 Speaker 1: that the people did. And gas prices is a real concern. Um. 95 00:04:41,800 --> 00:04:45,000 Speaker 1: You know, if you're a farmer of this country, just 96 00:04:45,240 --> 00:04:48,080 Speaker 1: by acreage is farm we we we you know, it's 97 00:04:48,120 --> 00:04:51,520 Speaker 1: a huge amount of of of acreage. Uh. It takes 98 00:04:51,920 --> 00:04:53,960 Speaker 1: on the coast. Yeah, it takes a lot to fill 99 00:04:54,000 --> 00:04:55,320 Speaker 1: up a tractor. It takes a lot to develop a 100 00:04:55,320 --> 00:04:57,560 Speaker 1: truck takes a lot to fill up a tractor trailer 101 00:04:57,800 --> 00:05:02,120 Speaker 1: moving goods from port Uh is oh um. So with 102 00:05:02,200 --> 00:05:04,640 Speaker 1: that in mind, this is the backdrop for a huge 103 00:05:04,680 --> 00:05:08,000 Speaker 1: primary day here. And I realized that these are, uh, 104 00:05:08,200 --> 00:05:11,000 Speaker 1: these are not arguments between Democrats and Republicans, but they 105 00:05:11,040 --> 00:05:14,960 Speaker 1: are giving the fodder for the debate here. Uh, Jennifer, 106 00:05:15,000 --> 00:05:17,400 Speaker 1: if we can start with with Pennsylvania. That seems to 107 00:05:17,400 --> 00:05:20,480 Speaker 1: be the most sort of mainstream contest that people are 108 00:05:20,480 --> 00:05:22,839 Speaker 1: talking about because it includes a TV star and a 109 00:05:22,960 --> 00:05:27,680 Speaker 1: major Trump endorsement with Dr oz Um. This race has 110 00:05:27,760 --> 00:05:31,360 Speaker 1: changed a lot. David McCormick doctor oz beat each other up, 111 00:05:31,400 --> 00:05:33,680 Speaker 1: spent millions, including a lot of their own money for 112 00:05:33,720 --> 00:05:37,360 Speaker 1: weeks and weeks, only to watch Kathy Barnett come from 113 00:05:37,440 --> 00:05:40,640 Speaker 1: nowhere with a hundred thousand dollars and threatened to win 114 00:05:40,760 --> 00:05:43,800 Speaker 1: this election. What's going on in Pennsylvania? Well, I mean 115 00:05:43,960 --> 00:05:47,839 Speaker 1: that is gone. That is really the the question. Fairly. 116 00:05:47,960 --> 00:05:52,040 Speaker 1: You did frame it incredibly fairly, because I think it 117 00:05:52,120 --> 00:05:55,400 Speaker 1: was really between the two of those guys um until 118 00:05:55,480 --> 00:05:57,520 Speaker 1: she came in. Now, I'll tell you I got an email. 119 00:05:57,600 --> 00:06:00,000 Speaker 1: I'm you know, of course on all the email change 120 00:06:00,200 --> 00:06:03,560 Speaker 1: and lists around right and again email yesterday and it 121 00:06:03,680 --> 00:06:07,040 Speaker 1: started with that she wouldn't have been born if her 122 00:06:07,080 --> 00:06:10,440 Speaker 1: mother wasn't races, And I write exactly that was what 123 00:06:10,480 --> 00:06:13,920 Speaker 1: I said, Um, And so I found it incredibly offensive 124 00:06:14,360 --> 00:06:17,120 Speaker 1: as a woman, as a mother with three daughters. I 125 00:06:17,279 --> 00:06:20,480 Speaker 1: thought it was disgusting to see that. I didn't want 126 00:06:20,480 --> 00:06:24,159 Speaker 1: to read anything else. I don't care what she was saying. So, Um, 127 00:06:24,200 --> 00:06:26,480 Speaker 1: I think that the voters of Pennsylvania have to really 128 00:06:26,480 --> 00:06:29,159 Speaker 1: look at this race and look at who's out there running. 129 00:06:29,440 --> 00:06:32,480 Speaker 1: I think it's less about the Trump endorsed candidate and 130 00:06:32,520 --> 00:06:35,880 Speaker 1: more about who is going to protect their interests and 131 00:06:35,920 --> 00:06:38,520 Speaker 1: like we've been talking about who's going to help the economy, 132 00:06:38,880 --> 00:06:41,400 Speaker 1: who is going to help and make sure that they're 133 00:06:41,400 --> 00:06:44,080 Speaker 1: on the way up and knock the way down in Pennsylvania. 134 00:06:44,400 --> 00:06:48,400 Speaker 1: It could go either way. Is it hurting Republicans the 135 00:06:48,560 --> 00:06:52,560 Speaker 1: party as a whole to have guys like me talk 136 00:06:52,640 --> 00:06:55,279 Speaker 1: about this through the prism of a Trump endorsement every Tuesday? 137 00:06:55,279 --> 00:06:57,840 Speaker 1: I mean, there's obviously more involved in this contest. Or 138 00:06:57,920 --> 00:07:01,799 Speaker 1: we simplifying this to be its own reality TV show? Yes? 139 00:07:01,880 --> 00:07:04,880 Speaker 1: I think so. I mean we're talking at stake here 140 00:07:04,960 --> 00:07:07,440 Speaker 1: is democracy, and I think that's what everyone needs to 141 00:07:07,440 --> 00:07:09,960 Speaker 1: focus on, is what is good for democracy. What is 142 00:07:09,960 --> 00:07:12,880 Speaker 1: good for democracy is having leaders who are going to 143 00:07:13,080 --> 00:07:16,280 Speaker 1: lead in front. They're going to make sure that they 144 00:07:16,320 --> 00:07:20,040 Speaker 1: are putting the priorities of the people who voted for them, 145 00:07:20,200 --> 00:07:23,600 Speaker 1: and that is not just their voters, but all the electorate, 146 00:07:23,680 --> 00:07:27,320 Speaker 1: all the people in their state, ahead of their own priorities. 147 00:07:27,640 --> 00:07:29,920 Speaker 1: And so I would like to look at it instead 148 00:07:29,920 --> 00:07:32,640 Speaker 1: of the endorsement end of it, because I think both 149 00:07:32,680 --> 00:07:35,520 Speaker 1: parties have have their issues right now. I think it 150 00:07:35,640 --> 00:07:38,440 Speaker 1: more has to look at what is good for democracy 151 00:07:38,520 --> 00:07:40,920 Speaker 1: and who is the candidate that is best. So Scott 152 00:07:40,920 --> 00:07:43,840 Speaker 1: on the Democratic side of this contest, it's another whopper. 153 00:07:44,600 --> 00:07:49,400 Speaker 1: The Lieutenant Governor John Fetterman has a stroke on Friday, 154 00:07:49,600 --> 00:07:51,760 Speaker 1: and it's going to be in a hospital bed, maybe 155 00:07:51,800 --> 00:07:55,400 Speaker 1: even in surgery having a peacemaker, implanet as the results 156 00:07:55,400 --> 00:07:59,320 Speaker 1: are coming in tonight. Yet he's gonna win with a 157 00:07:59,400 --> 00:08:02,080 Speaker 1: layup here, right, What does that tell us about the 158 00:08:02,120 --> 00:08:05,840 Speaker 1: Democratic primary in Pennsylvania. It's obviously not very competitive. No, 159 00:08:05,920 --> 00:08:08,360 Speaker 1: I mean federman Is, I mean Connor lamb Is is 160 00:08:08,400 --> 00:08:10,760 Speaker 1: a is a good candidate and should have made this 161 00:08:10,800 --> 00:08:14,560 Speaker 1: competitive and for whatever reason did well. I think I 162 00:08:14,560 --> 00:08:17,240 Speaker 1: think primaries both in Republicans as it is, and that 163 00:08:17,280 --> 00:08:20,040 Speaker 1: that primary and Democrat primaries are really controlled by a 164 00:08:20,120 --> 00:08:23,200 Speaker 1: very small slice of the electorate. It's as if we 165 00:08:23,400 --> 00:08:26,640 Speaker 1: let only people who play dungeons and dragons vote in primaries, 166 00:08:26,680 --> 00:08:28,280 Speaker 1: and then and then that's what we have to vote 167 00:08:28,280 --> 00:08:30,600 Speaker 1: for November, the people that they pick. And I think 168 00:08:30,600 --> 00:08:32,600 Speaker 1: we're seeing that a little bit in both things. Federman 169 00:08:32,760 --> 00:08:35,560 Speaker 1: is really a populist and that's coming through and um 170 00:08:35,640 --> 00:08:37,400 Speaker 1: in a time when we've got eighty nine year old 171 00:08:37,400 --> 00:08:40,360 Speaker 1: senators running for reelection. Um. I think the fact that 172 00:08:40,400 --> 00:08:43,839 Speaker 1: he's fit otherwise, but but in the hospital isn't going 173 00:08:43,880 --> 00:08:47,200 Speaker 1: to UM isn't going to deter anybody from voting for him? Yeah? Um? 174 00:08:47,440 --> 00:08:51,280 Speaker 1: Is this because of the image six ft eight I 175 00:08:51,280 --> 00:08:53,640 Speaker 1: don't have to describe as wardrobe to you. The the 176 00:08:53,920 --> 00:08:56,120 Speaker 1: goat ds a tough guy. People think what tough guy 177 00:08:56,160 --> 00:08:58,600 Speaker 1: is stroke he'll be fine. Well, I think we we 178 00:08:58,640 --> 00:09:00,800 Speaker 1: also want people that don't fit the normally. I think 179 00:09:00,800 --> 00:09:02,960 Speaker 1: the idea of sending somebody who looks like John Federman 180 00:09:05,240 --> 00:09:08,360 Speaker 1: to think about sure, but another candidate might be besieged 181 00:09:08,400 --> 00:09:11,600 Speaker 1: by concerns about their health right now. It doesn't seem 182 00:09:11,640 --> 00:09:15,160 Speaker 1: to be him. No, but that makes him unique, doesn't it. 183 00:09:15,440 --> 00:09:17,000 Speaker 1: I mean, if you are running a campaign in your 184 00:09:17,000 --> 00:09:19,920 Speaker 1: Canada had a stroke on Friday before the primary, you'd 185 00:09:19,920 --> 00:09:21,960 Speaker 1: be a little concerned. Well, I belong to a party 186 00:09:22,040 --> 00:09:25,720 Speaker 1: that on occasion we like dead people. So I didn't 187 00:09:25,760 --> 00:09:30,240 Speaker 1: say that, Yeah, um, that's gonna be your general contest. 188 00:09:30,280 --> 00:09:35,800 Speaker 1: Then Fetterman v uh, we'll find out tonight. Oz Mccormicktaly 189 00:09:35,800 --> 00:09:39,200 Speaker 1: looks like Oz. I mean, maybe you think, Jennifer that 190 00:09:39,280 --> 00:09:41,240 Speaker 1: that Oz pulls this out. He's up by two points 191 00:09:41,240 --> 00:09:42,880 Speaker 1: in the poll of polls. It's really kind of within 192 00:09:42,920 --> 00:09:45,319 Speaker 1: the margin, isn't it. Yeah, I think it's within the mark. 193 00:09:45,440 --> 00:09:47,280 Speaker 1: I think it is within the margin. I do think 194 00:09:47,280 --> 00:09:49,400 Speaker 1: that Oz is going to pull this out, though, um, 195 00:09:49,520 --> 00:09:53,480 Speaker 1: for no other reason than just sheer name recognition. At 196 00:09:53,480 --> 00:09:55,240 Speaker 1: the end of the day, you know, to what Scott 197 00:09:55,280 --> 00:09:57,559 Speaker 1: was saying, it's like you pull out a very small 198 00:09:57,640 --> 00:10:00,640 Speaker 1: segment of the population. Everyone who's going is voting for 199 00:10:00,679 --> 00:10:04,600 Speaker 1: their person, unless you're the person who actually takes your 200 00:10:04,720 --> 00:10:08,240 Speaker 1: responsibility to vote in every election seriously. And then you 201 00:10:08,280 --> 00:10:10,480 Speaker 1: see doctor Oz is on there, and you know doctor 202 00:10:10,520 --> 00:10:12,400 Speaker 1: Oz and you feel good about him and you've seen 203 00:10:12,440 --> 00:10:16,920 Speaker 1: him on TV and that's exactly because one reality sensation 204 00:10:16,960 --> 00:10:19,400 Speaker 1: to another. Yeah, wow, this is gonna be something to 205 00:10:19,400 --> 00:10:22,040 Speaker 1: watch tonight. Um, stay where you are. We'll have the 206 00:10:22,040 --> 00:10:24,320 Speaker 1: panel with us for the hour. Scott and Jennifer. Delighted 207 00:10:24,360 --> 00:10:27,559 Speaker 1: that you're with us on our special hour of Bloomberg. 208 00:10:27,640 --> 00:10:29,600 Speaker 1: Sound on. As we turned to a special guest here 209 00:10:29,640 --> 00:10:32,480 Speaker 1: that I told you would be coming, Lisa Whelan, his 210 00:10:32,600 --> 00:10:35,240 Speaker 1: CEO of mass Sport. What we call it Massport here. 211 00:10:35,280 --> 00:10:38,360 Speaker 1: Most people don't know. That's the Massachusetts Board Authority and 212 00:10:38,400 --> 00:10:42,080 Speaker 1: it's the it's the quasi governmental agency that runs everything 213 00:10:42,120 --> 00:10:47,079 Speaker 1: we're talking about here, transportation, travel, trade, the port, the airport. 214 00:10:47,440 --> 00:10:49,320 Speaker 1: It's wonderful to see you in person. Thank you for 215 00:10:49,320 --> 00:10:51,280 Speaker 1: coming to see us on Bloomberg. Jim, thank you so 216 00:10:51,360 --> 00:10:53,559 Speaker 1: much for having me. Well it's Joe, but that's fine. 217 00:10:53,640 --> 00:10:57,080 Speaker 1: It's all three letters. Now, Um, where to start with 218 00:10:57,120 --> 00:11:02,400 Speaker 1: this idea of supply chains. We've had reporters out of 219 00:11:02,440 --> 00:11:05,120 Speaker 1: the Port of Long Beach, We've been to the Port 220 00:11:05,160 --> 00:11:07,720 Speaker 1: of l A. We have spoken with the White House 221 00:11:07,760 --> 00:11:12,120 Speaker 1: about this repeatedly and how to unclogged our ports. I 222 00:11:12,160 --> 00:11:15,040 Speaker 1: wonder what you've experienced here in Boston in terms of 223 00:11:15,320 --> 00:11:20,079 Speaker 1: ships lining up, in terms of UH shipping containers piling up. 224 00:11:20,160 --> 00:11:22,840 Speaker 1: Is this something that you're working through as well. So 225 00:11:22,920 --> 00:11:25,200 Speaker 1: clearly no port in the US has been immune to 226 00:11:25,240 --> 00:11:28,400 Speaker 1: some of the supply chain disruption that we've experienced. But 227 00:11:28,480 --> 00:11:31,199 Speaker 1: here in the Port of Boston, we are congestion free 228 00:11:31,600 --> 00:11:34,240 Speaker 1: or a regional port, which makes this difference than some 229 00:11:34,320 --> 00:11:36,800 Speaker 1: of the gateways that you've mentioned. UH. And so what 230 00:11:36,920 --> 00:11:41,400 Speaker 1: we offer to to New England's importers and exporters is efficient, reliable, 231 00:11:41,520 --> 00:11:45,600 Speaker 1: flexible UH service all at a congestion free port. Uh 232 00:11:45,640 --> 00:11:47,079 Speaker 1: and so that makes us a little bit different, But 233 00:11:47,120 --> 00:11:48,719 Speaker 1: that doesn't mean that we haven't seen some of the 234 00:11:49,000 --> 00:11:52,679 Speaker 1: issues that others have experienced. UH So, certainly just UH 235 00:11:52,880 --> 00:11:55,800 Speaker 1: schedule reliability. It's taking ships a lot longer to get 236 00:11:55,840 --> 00:11:58,040 Speaker 1: to the East Coast than it used to. We used 237 00:11:58,040 --> 00:12:00,440 Speaker 1: to take a ship to get from China to Boston 238 00:12:00,520 --> 00:12:03,680 Speaker 1: thirty days. Now it's taking about sixty days. Why because 239 00:12:03,679 --> 00:12:05,959 Speaker 1: they're going through other ports on the way, or are 240 00:12:05,960 --> 00:12:09,120 Speaker 1: there issues we haven't talked about yet. So so, certainly 241 00:12:09,160 --> 00:12:11,920 Speaker 1: some of the issues that we've seen with ports shutdowns 242 00:12:12,000 --> 00:12:14,880 Speaker 1: the congestion that you mentioned in other ports, right ships 243 00:12:14,880 --> 00:12:17,280 Speaker 1: backing up waiting to getting those ports on the way 244 00:12:17,320 --> 00:12:22,560 Speaker 1: to Boston. So this all ends up impacting every major 245 00:12:22,640 --> 00:12:25,600 Speaker 1: economy or even small economy in the country. I think 246 00:12:25,600 --> 00:12:27,600 Speaker 1: one of the things that we've learned our supply chains 247 00:12:27,600 --> 00:12:30,560 Speaker 1: are quite complex. One of the silver linings is that 248 00:12:30,600 --> 00:12:32,920 Speaker 1: people now have a better understanding of where the stuff 249 00:12:32,920 --> 00:12:35,400 Speaker 1: comes from that they use every day, whether it's the 250 00:12:35,440 --> 00:12:38,079 Speaker 1: wine that you drink at night, the furniture in your homes, 251 00:12:38,080 --> 00:12:40,760 Speaker 1: the shoes on your feet. Reports play an important role 252 00:12:40,800 --> 00:12:43,040 Speaker 1: in getting all of those things that we use each 253 00:12:43,080 --> 00:12:45,559 Speaker 1: and every day to us. You've been involved in a 254 00:12:45,600 --> 00:12:48,720 Speaker 1: series of upgrades to the port over a course of years. 255 00:12:48,760 --> 00:12:50,800 Speaker 1: I know, I think, correct me if I'm wrong, you're 256 00:12:50,880 --> 00:12:54,280 Speaker 1: you're just past phase three now in digging and dredging 257 00:12:54,960 --> 00:12:58,360 Speaker 1: the harbor to be able to accept ships and goods 258 00:12:58,360 --> 00:13:00,760 Speaker 1: that you never could before. What what is the status 259 00:13:00,840 --> 00:13:02,920 Speaker 1: of that you're connecting Boston to markets that you never 260 00:13:02,920 --> 00:13:05,600 Speaker 1: did business with before, That's correct. So one of the 261 00:13:05,640 --> 00:13:07,840 Speaker 1: things that we set out to do was to revitalize 262 00:13:07,880 --> 00:13:10,440 Speaker 1: the Port of Boston UH and keep it competitive, and 263 00:13:10,440 --> 00:13:13,199 Speaker 1: that meant deepening our Harbor to accommodate the larger container 264 00:13:13,200 --> 00:13:15,760 Speaker 1: ships that are coming through the Panama Canal. It meant 265 00:13:15,800 --> 00:13:20,440 Speaker 1: modernizing our container facility Conmly Terminal with larger cranes, deeper berths, 266 00:13:20,440 --> 00:13:23,640 Speaker 1: and more technology. Uh. And so those projects are are 267 00:13:23,720 --> 00:13:26,080 Speaker 1: near completion. And what does that mean. It means it's 268 00:13:26,160 --> 00:13:28,440 Speaker 1: open up new trade routes to New England's importers and 269 00:13:28,480 --> 00:13:30,559 Speaker 1: export from where. What does that mean for you in 270 00:13:30,960 --> 00:13:33,280 Speaker 1: terms of business? Yeah, so it means to new services 271 00:13:33,320 --> 00:13:36,240 Speaker 1: from Southeast Asia. So traditionally we've had a couple of 272 00:13:36,240 --> 00:13:39,600 Speaker 1: services calling Boston, one from China, one from North Europe. Uh. 273 00:13:39,600 --> 00:13:42,280 Speaker 1: And we've recently announced that we've added two services to 274 00:13:42,360 --> 00:13:46,000 Speaker 1: Southeast Asia, connecting us to Vietnam that's a service with 275 00:13:46,080 --> 00:13:49,440 Speaker 1: Zoom Lines and another one connecting us to the Indian 276 00:13:49,480 --> 00:13:53,480 Speaker 1: subcontinent with Mediterranean Shipping Company. That that just provides greater 277 00:13:53,520 --> 00:13:56,760 Speaker 1: global connectivity for importers and exports. Does it mean goods 278 00:13:56,800 --> 00:13:59,080 Speaker 1: you could not get into this port before as well? 279 00:13:59,520 --> 00:14:02,840 Speaker 1: Sure certainly does. But it also probably means that uh, 280 00:14:03,000 --> 00:14:05,679 Speaker 1: more of those understood, right. So some of the things 281 00:14:05,760 --> 00:14:08,800 Speaker 1: that coming into the board of Boston Furniture, Wind and 282 00:14:08,920 --> 00:14:13,319 Speaker 1: Spirits sporting goods, and then on the export side, seafood. 283 00:14:13,760 --> 00:14:16,000 Speaker 1: UH seafood is also a big import into the Port 284 00:14:16,040 --> 00:14:20,840 Speaker 1: of Boston paper products, so it does provide additional sourcing strategies, 285 00:14:20,880 --> 00:14:23,960 Speaker 1: a diversification, if you will, for import of the first 286 00:14:24,000 --> 00:14:26,000 Speaker 1: things people see when they fly into Boston. A lot 287 00:14:26,040 --> 00:14:28,600 Speaker 1: of folks at the meeting tonight of the Cranes uh 288 00:14:28,640 --> 00:14:32,800 Speaker 1: in in South Boston that have been awfully busy. I understand, 289 00:14:32,880 --> 00:14:35,480 Speaker 1: But what kind of a of a labor issue are 290 00:14:35,480 --> 00:14:39,080 Speaker 1: you facing. The worker shortages I know have been impacting 291 00:14:39,600 --> 00:14:42,840 Speaker 1: every part of if you think of it your portfolio. 292 00:14:42,920 --> 00:14:45,200 Speaker 1: We're certainly dealing with it in the airline business. How 293 00:14:45,240 --> 00:14:47,960 Speaker 1: about in the shipping business. So we've been pretty fortunate. 294 00:14:48,000 --> 00:14:52,520 Speaker 1: We've taken very very clear actions to keep our workers safe. 295 00:14:52,800 --> 00:14:55,440 Speaker 1: We've been open every day, we've never shut down because 296 00:14:55,480 --> 00:14:57,800 Speaker 1: of COVID. And here in the Port of Boston, we 297 00:14:57,840 --> 00:15:00,920 Speaker 1: have a great relationship with the International lungshore Rman's Association. 298 00:15:01,280 --> 00:15:04,240 Speaker 1: We've worked very closely with them to improve productivity over 299 00:15:04,280 --> 00:15:08,840 Speaker 1: the past few years, and that's what helps keep us competitive. Uh. 300 00:15:09,200 --> 00:15:11,640 Speaker 1: How about the airport, A lot of us have been 301 00:15:11,680 --> 00:15:16,240 Speaker 1: sitting in gates, maybe sitting in planes on tarmacs as 302 00:15:16,240 --> 00:15:20,400 Speaker 1: we try to reopen. This sort of confluence of revenge 303 00:15:20,520 --> 00:15:24,960 Speaker 1: travel versus lack of manpower has created some real stresses 304 00:15:25,000 --> 00:15:26,680 Speaker 1: I know for the industry. What does that mean for 305 00:15:26,720 --> 00:15:29,720 Speaker 1: Logan Airport in Boston? Sure, I mean you think about 306 00:15:29,760 --> 00:15:32,120 Speaker 1: the stresses and supply chain, right with all of this 307 00:15:32,240 --> 00:15:35,600 Speaker 1: increase in demand. Similarly, we're seeing that on the airport 308 00:15:35,640 --> 00:15:38,160 Speaker 1: side of things, as people are excited to return to travel. 309 00:15:38,520 --> 00:15:41,960 Speaker 1: We're excited to welcome passengers back, um, but coming out 310 00:15:41,960 --> 00:15:46,240 Speaker 1: of a pandemic with labor shortages also, you know, planes 311 00:15:46,280 --> 00:15:48,880 Speaker 1: that were parked for a long time coming back into service, 312 00:15:49,120 --> 00:15:51,640 Speaker 1: those create some challenges. But at the same time, I 313 00:15:51,640 --> 00:15:54,840 Speaker 1: think we're pretty optimistic about what we see at Logan. 314 00:15:55,040 --> 00:15:57,560 Speaker 1: We're not quite back to where we were pre pandemic, 315 00:15:57,800 --> 00:16:00,160 Speaker 1: but we look ahead to a very busy sp ing 316 00:16:00,160 --> 00:16:02,760 Speaker 1: in summer travel season with the restoration of a number 317 00:16:02,800 --> 00:16:05,800 Speaker 1: of European flights. Uh And I think it's pretty exciting. 318 00:16:05,880 --> 00:16:09,240 Speaker 1: How close are you, uh to being back to being 319 00:16:09,240 --> 00:16:12,560 Speaker 1: made whole in terms of of routes specifically, never mind 320 00:16:12,720 --> 00:16:16,320 Speaker 1: actual volume of aircraft. Yeah, so we're getting close this summer. 321 00:16:16,320 --> 00:16:18,760 Speaker 1: We'll see a restoration of a number of services that 322 00:16:18,840 --> 00:16:22,240 Speaker 1: were suspended during the pandemic. And then we see airlines 323 00:16:22,280 --> 00:16:25,880 Speaker 1: making investments in new routes as well, which is pretty exciting. 324 00:16:25,880 --> 00:16:28,520 Speaker 1: We've got Delta launching service to Tel Aviv and Athens, 325 00:16:28,840 --> 00:16:32,000 Speaker 1: American launching new services into Canada, and we'll have five 326 00:16:32,040 --> 00:16:34,760 Speaker 1: carriers going into the London market, which is all great 327 00:16:34,800 --> 00:16:38,080 Speaker 1: news for travelers. About that, Um, do you have a 328 00:16:38,120 --> 00:16:41,160 Speaker 1: projection or do you not play that game? Uh? For 329 00:16:41,200 --> 00:16:44,040 Speaker 1: the rest of the year in terms of traffic and 330 00:16:44,040 --> 00:16:45,840 Speaker 1: and in fact getting back to where you were before 331 00:16:45,840 --> 00:16:48,080 Speaker 1: the pandemic. Yeah, so I think we're a couple of 332 00:16:48,120 --> 00:16:52,120 Speaker 1: years off. Couple of years. I thought you'd say months. No, 333 00:16:52,480 --> 00:16:57,840 Speaker 1: we're Logan is at about sevent of pre pandemic passenger volume. Uh. 334 00:16:57,880 --> 00:17:00,080 Speaker 1: So I anticipate that will take us a couple of 335 00:17:00,200 --> 00:17:03,240 Speaker 1: years to get back to where we were, but we're 336 00:17:03,280 --> 00:17:05,919 Speaker 1: on the right trajectory. Is it airline by airline or 337 00:17:05,920 --> 00:17:08,560 Speaker 1: are they all dealing with this similar recovery right now? 338 00:17:08,560 --> 00:17:11,600 Speaker 1: Do you speak with the carriers individually? We do, We do, 339 00:17:11,680 --> 00:17:14,359 Speaker 1: and I think you know the the labor challenges are 340 00:17:14,400 --> 00:17:17,720 Speaker 1: affecting everyone and so we're seeing them adjust their schedules 341 00:17:17,720 --> 00:17:20,480 Speaker 1: accordingly to try to smooth out some of the operational 342 00:17:20,880 --> 00:17:24,760 Speaker 1: challenges that you mentioned and others have experienced. UH. And 343 00:17:24,840 --> 00:17:27,159 Speaker 1: certainly I think that the impact that's had on the 344 00:17:27,640 --> 00:17:30,760 Speaker 1: travel experience and the customers has been unfortunate. But I 345 00:17:30,800 --> 00:17:32,960 Speaker 1: think we're seeing them make adjustments to try to to 346 00:17:33,040 --> 00:17:35,600 Speaker 1: solve for some of that. It's fascinating conversation. Lisa. Really 347 00:17:35,640 --> 00:17:37,959 Speaker 1: appreciate your talking with us today on Bloomberg. Lisa Whelan 348 00:17:38,040 --> 00:17:40,960 Speaker 1: runs Massport and I hope you have a great time tonight. 349 00:17:41,119 --> 00:17:43,200 Speaker 1: Thank you. Before you leave us, By the way, tell 350 00:17:43,200 --> 00:17:45,360 Speaker 1: our listeners what they're gonna miss at this event. They're 351 00:17:45,359 --> 00:17:48,720 Speaker 1: wondering around the country while we're here. Well, I will 352 00:17:48,800 --> 00:17:53,040 Speaker 1: say that we're here to to thank for great individuals 353 00:17:53,080 --> 00:17:56,560 Speaker 1: who are getting inducted right and honors, you know. UM. 354 00:17:56,560 --> 00:17:59,359 Speaker 1: But from my perspective, given the topics that we're talking about, 355 00:17:59,560 --> 00:18:03,479 Speaker 1: Governor Baker, UH and Tom Glenn, whose mass Sport's former CEO, 356 00:18:03,880 --> 00:18:07,560 Speaker 1: been tremendous supporters of the port. UH. Tom initiated our 357 00:18:07,600 --> 00:18:12,080 Speaker 1: revitalization strategy, and Governor Baker was incredibly supportive, helping us 358 00:18:12,160 --> 00:18:15,879 Speaker 1: to pay for dredging and the modernization the Ukranes. So 359 00:18:15,920 --> 00:18:18,480 Speaker 1: we're thankful for their leadership and we congratulate them tonight. 360 00:18:18,680 --> 00:18:21,159 Speaker 1: Enjoy yourself. Thank you again on Bloomberg. It's great to 361 00:18:21,160 --> 00:18:23,280 Speaker 1: meet you. Thank you, Lisa, Thank you as we spend 362 00:18:23,359 --> 00:18:26,359 Speaker 1: time here at the Boston Convention Center on Bloomberg Sound On. 363 00:18:26,400 --> 00:18:28,840 Speaker 1: I'm Joe Matthew in the Hub of the Universe with 364 00:18:28,880 --> 00:18:31,760 Speaker 1: our panel. Scott first and Jennifernssour is with us. So 365 00:18:31,800 --> 00:18:34,680 Speaker 1: how about it. We just heard from somebody who touches 366 00:18:34,720 --> 00:18:38,199 Speaker 1: these issues on a on a direct basis, a firsthand basis. 367 00:18:38,240 --> 00:18:41,520 Speaker 1: Every day. It's gonna be years before the airport is back. 368 00:18:41,720 --> 00:18:44,120 Speaker 1: I was surprised to hear that, Scott, were you, Yeah, 369 00:18:44,160 --> 00:18:46,000 Speaker 1: I was surprised to hear that too, because it's certainly, 370 00:18:46,040 --> 00:18:47,960 Speaker 1: I mean, I think maybe we've been locked down for 371 00:18:48,000 --> 00:18:51,760 Speaker 1: so long, any activity seems like it's it's back. Yeah, 372 00:18:51,800 --> 00:18:54,320 Speaker 1: But certainly I've you know, traveled through the airport and 373 00:18:54,320 --> 00:18:57,119 Speaker 1: and it doesn't feel like it's it's uh, you know, 374 00:18:57,160 --> 00:19:00,320 Speaker 1: it's fully backups, you know, or hit or miss the 375 00:19:00,359 --> 00:19:02,600 Speaker 1: roads coming here too. So you can see that, and 376 00:19:02,640 --> 00:19:04,879 Speaker 1: I think, you know, how does that impact it as 377 00:19:04,920 --> 00:19:07,000 Speaker 1: we're talking about the election. I think that does that 378 00:19:07,160 --> 00:19:09,040 Speaker 1: that sort of lingering effect. You might have a job, 379 00:19:09,040 --> 00:19:10,919 Speaker 1: but it's gonna take a while for families to recover 380 00:19:11,040 --> 00:19:14,000 Speaker 1: too fully from pre pandemic. They're not wearing masks on 381 00:19:14,000 --> 00:19:16,440 Speaker 1: those planes, though, Jennifer. And that's that's bringing even more 382 00:19:16,440 --> 00:19:19,160 Speaker 1: people back into the fold, isn't it. I think so. 383 00:19:19,320 --> 00:19:23,119 Speaker 1: I I actually had the pleasure of going mask free 384 00:19:23,119 --> 00:19:25,199 Speaker 1: on a flight. Did it feel weird? Was it just me? 385 00:19:25,280 --> 00:19:27,240 Speaker 1: I felt like I was doing something wrong? It was weird. 386 00:19:27,280 --> 00:19:29,040 Speaker 1: I thought I was gonna get yelled at right. I 387 00:19:29,119 --> 00:19:32,840 Speaker 1: was like, oh, I'm gonna get some some puncil's office. Um. 388 00:19:32,880 --> 00:19:36,600 Speaker 1: It was very weird. And I I am a little 389 00:19:36,640 --> 00:19:39,840 Speaker 1: bit of a germophobe, and I was before covid um 390 00:19:39,920 --> 00:19:43,879 Speaker 1: and so it was strange to watch and um, but 391 00:19:44,200 --> 00:19:46,520 Speaker 1: it felt great to be back there. And I think 392 00:19:46,560 --> 00:19:50,520 Speaker 1: that a lot of people will start hopefully traveling again. 393 00:19:50,600 --> 00:19:53,480 Speaker 1: I mean, I've been to Logan. It feels like it's 394 00:19:53,600 --> 00:19:55,760 Speaker 1: really crowded. But I think one of the things is 395 00:19:56,160 --> 00:19:59,359 Speaker 1: there are restaurants that are still not open, right. There 396 00:19:59,400 --> 00:20:02,240 Speaker 1: are um parts you know there, there are flights that 397 00:20:02,280 --> 00:20:05,359 Speaker 1: are still not coming in or going out. Um. And 398 00:20:05,400 --> 00:20:06,960 Speaker 1: so I think that that's one of the reasons that 399 00:20:07,040 --> 00:20:11,879 Speaker 1: it does feel so full. Boston is slowly starting, but 400 00:20:11,960 --> 00:20:14,960 Speaker 1: it definitely you know again, it's like everything is perception. 401 00:20:15,080 --> 00:20:19,320 Speaker 1: When you saw the streets completely empty and then a 402 00:20:19,320 --> 00:20:21,679 Speaker 1: few people on the streets, and now you see so 403 00:20:21,720 --> 00:20:24,919 Speaker 1: many more. Bank line is pretty low here, exactly. That's it. 404 00:20:25,680 --> 00:20:27,960 Speaker 1: I was amazed to learn that this that the Boston 405 00:20:28,080 --> 00:20:32,639 Speaker 1: market suffered a greater loss in leisure and hospitality jobs 406 00:20:32,920 --> 00:20:36,280 Speaker 1: than any in the country, any city in the country, 407 00:20:36,600 --> 00:20:38,159 Speaker 1: New York, you think of the place as we go, 408 00:20:38,240 --> 00:20:43,400 Speaker 1: San Francisco, l A, Orlando had nothing on Boston. That's 409 00:20:43,440 --> 00:20:47,200 Speaker 1: a long term impact. When you talk about those types 410 00:20:47,240 --> 00:20:51,280 Speaker 1: of jobs and the families they support. Do you worry 411 00:20:51,280 --> 00:20:54,800 Speaker 1: about employment here in the state coming back or or 412 00:20:54,840 --> 00:20:57,159 Speaker 1: is it a story like we're hearing another parts of 413 00:20:57,160 --> 00:20:59,200 Speaker 1: the country where there are two open jobs for every 414 00:20:59,280 --> 00:21:01,880 Speaker 1: job seeker. Yeah, I think this is part of the success. 415 00:21:02,119 --> 00:21:04,200 Speaker 1: M I'll give I'll give wide credit to the governor 416 00:21:04,240 --> 00:21:07,159 Speaker 1: and to the legislature and everybody who who did this. 417 00:21:07,240 --> 00:21:12,359 Speaker 1: I mean, we were hit harder first, way harder first, 418 00:21:12,880 --> 00:21:15,560 Speaker 1: and uh in the shutdown that happened. When you think 419 00:21:15,600 --> 00:21:17,800 Speaker 1: about it, we've been suffering it longer and going through 420 00:21:17,800 --> 00:21:20,919 Speaker 1: this longer than most parts of the country. Um, so 421 00:21:21,000 --> 00:21:24,480 Speaker 1: both the impact was tougher here. Um the job market 422 00:21:24,560 --> 00:21:27,680 Speaker 1: was already tight anyway going into it. So you've got 423 00:21:27,720 --> 00:21:29,439 Speaker 1: just a number of things that there was kind of 424 00:21:29,440 --> 00:21:32,119 Speaker 1: a built in resiliency here in the later stages of 425 00:21:32,160 --> 00:21:34,280 Speaker 1: COVID that other cities might not have had. And I 426 00:21:34,280 --> 00:21:36,360 Speaker 1: think you see particularly, you know, there's two economies here, 427 00:21:36,359 --> 00:21:38,560 Speaker 1: the tech economy, the service economy, and the tech economy 428 00:21:38,600 --> 00:21:42,320 Speaker 1: just blipped and moved on and we all work out 429 00:21:42,320 --> 00:21:45,560 Speaker 1: of our houses, and the service economy just tanked. And 430 00:21:45,640 --> 00:21:47,600 Speaker 1: I think it's going to take a long time for 431 00:21:47,640 --> 00:21:49,960 Speaker 1: the tech economy to get back and sync with the 432 00:21:49,960 --> 00:21:51,520 Speaker 1: service costs. And I mean, I don't want to get 433 00:21:51,560 --> 00:21:54,400 Speaker 1: too wonky into politics or or economics on a politics 434 00:21:54,400 --> 00:21:56,719 Speaker 1: show here, but that's been the real issue. Is this. 435 00:21:57,119 --> 00:22:01,040 Speaker 1: There was this big overcorrection demand for good created this 436 00:22:01,280 --> 00:22:04,560 Speaker 1: huge bottleneck in our ports no matter where you are, apparently, 437 00:22:05,080 --> 00:22:08,680 Speaker 1: and it's going to be a slow turn back to services, Jennifer, 438 00:22:08,680 --> 00:22:12,280 Speaker 1: where things maybe find some balance on the room. Definitely. 439 00:22:12,400 --> 00:22:15,760 Speaker 1: I mean, if you walk into any shop, any business, 440 00:22:15,760 --> 00:22:20,040 Speaker 1: whether it's a large conglomerate or a mom and pop shop. 441 00:22:20,080 --> 00:22:23,159 Speaker 1: If you go from a very large, um, you know, 442 00:22:23,280 --> 00:22:26,640 Speaker 1: chain restaurant down to the small ones in Beacon Hill 443 00:22:26,720 --> 00:22:30,480 Speaker 1: and backband the South End, you see the same thing 444 00:22:30,520 --> 00:22:33,359 Speaker 1: going on. There aren't enough servers, there aren't enough people 445 00:22:33,400 --> 00:22:36,920 Speaker 1: working in stores, not enough people to help not there's 446 00:22:37,080 --> 00:22:39,080 Speaker 1: if you go into shops a lot of times, there's 447 00:22:39,119 --> 00:22:42,479 Speaker 1: not enough goods that are out there. Um. And I 448 00:22:42,520 --> 00:22:46,240 Speaker 1: think our restaurant industry, our travel and leisure has definitely 449 00:22:46,280 --> 00:22:47,919 Speaker 1: taken a hit. That's where you could see it. I 450 00:22:47,960 --> 00:22:50,760 Speaker 1: think the most is in the service industry. And going 451 00:22:50,800 --> 00:22:53,080 Speaker 1: back to what you said before, it's not that the 452 00:22:53,520 --> 00:22:56,480 Speaker 1: that the unemployment rate is high. It's just that there's 453 00:22:56,600 --> 00:22:59,439 Speaker 1: no one there and whether people took off and left 454 00:22:59,600 --> 00:23:02,159 Speaker 1: or both just said I'm getting enough money from the 455 00:23:02,160 --> 00:23:05,400 Speaker 1: government and I don't have to do anything, um. But 456 00:23:05,400 --> 00:23:10,679 Speaker 1: but it's really impacting one consumers but also the business 457 00:23:10,720 --> 00:23:14,560 Speaker 1: owners right absolutely. Um, that's not going to change for 458 00:23:14,600 --> 00:23:17,840 Speaker 1: the rest of this election cycle. Scott. How much of 459 00:23:17,880 --> 00:23:20,639 Speaker 1: an issue is the economy in local elections here? Is 460 00:23:20,640 --> 00:23:23,200 Speaker 1: it just the same as national Well, I think there's 461 00:23:23,320 --> 00:23:25,120 Speaker 1: there's sort of as we talk about it on primary day, 462 00:23:25,119 --> 00:23:27,280 Speaker 1: there's two things, right, So you've got the dungeons and 463 00:23:27,359 --> 00:23:29,320 Speaker 1: draggers players who get to decide who we get to 464 00:23:29,400 --> 00:23:32,120 Speaker 1: vote for in November. So by the time that most 465 00:23:32,119 --> 00:23:35,560 Speaker 1: people are gonna be paying attention, just regular voters who 466 00:23:35,640 --> 00:23:38,200 Speaker 1: are affected by the economy, who are affected by gas 467 00:23:38,200 --> 00:23:41,000 Speaker 1: prices and grocery prices, they're gonna get there, and they're 468 00:23:41,000 --> 00:23:45,080 Speaker 1: gonna have in Pennsylvania dr Oz and Fetterman and and 469 00:23:45,359 --> 00:23:48,439 Speaker 1: you know, then you've got the whole overlay of choice 470 00:23:48,480 --> 00:23:52,080 Speaker 1: issues and what the court might do, um and and 471 00:23:52,119 --> 00:23:53,920 Speaker 1: other things that are affecting it. You know, how does 472 00:23:53,920 --> 00:23:56,480 Speaker 1: that all play out? I think, um, you know, and 473 00:23:56,480 --> 00:23:58,160 Speaker 1: then the balance of power. I don't think that people 474 00:23:58,160 --> 00:23:59,800 Speaker 1: are gonna be thinking about the balance of power. I 475 00:23:59,800 --> 00:24:02,040 Speaker 1: think we're gonna talk more about the primaries with Scott 476 00:24:02,080 --> 00:24:05,560 Speaker 1: and Jennifer. We haven't even mentioned Madison Cawthorne yet. Up next, 477 00:24:05,640 --> 00:24:11,639 Speaker 1: Carrie Goldberg, Bloomberg's Boston bureau chief. This is Bloomberg, broadcasting 478 00:24:11,680 --> 00:24:16,639 Speaker 1: live from our nation's capital. Bloomberg to New York, Bloomberg 479 00:24:16,680 --> 00:24:20,439 Speaker 1: eleven frio to Boston, Bloomberg one of six UA to 480 00:24:20,520 --> 00:24:24,840 Speaker 1: San Francisco, Bloomberg nine sixty to the country, Sirius x 481 00:24:24,960 --> 00:24:28,200 Speaker 1: M General one nine and around the globe, the Bloomberg 482 00:24:28,240 --> 00:24:32,560 Speaker 1: Business app and Bloomberg Radio dot Com. This is Bloomberg 483 00:24:32,720 --> 00:24:37,800 Speaker 1: Sound On with Joe Matt Hughes. When I landed at 484 00:24:37,880 --> 00:24:41,159 Speaker 1: Logan Airport here in Boston, my phone buzz with a 485 00:24:41,280 --> 00:24:44,400 Speaker 1: local news alert. There was a story from the Globe. 486 00:24:44,520 --> 00:24:48,960 Speaker 1: The headline the new highly transmissible O macron variant b 487 00:24:49,160 --> 00:24:53,040 Speaker 1: A two one to one is dominating in mass Are 488 00:24:53,080 --> 00:24:55,560 Speaker 1: we doing this again? We're gonna talk about it next 489 00:24:55,640 --> 00:24:59,120 Speaker 1: with Carrie Goldberg, the Boston bureau chief for Bloomberg out 490 00:24:59,119 --> 00:25:02,320 Speaker 1: with also in a using story today on why hospitals 491 00:25:02,320 --> 00:25:06,040 Speaker 1: are postponing cat scans and ratcheting care. Yeah, it's about 492 00:25:06,040 --> 00:25:07,800 Speaker 1: the supply chains. We'll get into that next in a 493 00:25:07,880 --> 00:25:10,840 Speaker 1: special edition of Sound On from Boston. I'm hoping some 494 00:25:11,080 --> 00:25:13,840 Speaker 1: or dervs you know, might go by here, Carrie pretty soon. 495 00:25:14,000 --> 00:25:17,320 Speaker 1: We're set up in the massive mezzanine level, the lobby 496 00:25:17,400 --> 00:25:21,360 Speaker 1: level outside the ballroom at the Boston Convention Center here 497 00:25:21,400 --> 00:25:23,560 Speaker 1: in the Seaport District, where the Chamber of Commerce is 498 00:25:23,600 --> 00:25:26,720 Speaker 1: having its annual Business Meeting, the biggest business event of 499 00:25:26,760 --> 00:25:28,879 Speaker 1: the year. Here in the Hubb of the universe, and 500 00:25:28,920 --> 00:25:31,000 Speaker 1: with Bloomberg the media sponsor, we thought we'd come up 501 00:25:31,040 --> 00:25:32,680 Speaker 1: here and talk to some folks who normally don't get 502 00:25:32,720 --> 00:25:37,520 Speaker 1: to see, including Carrie Goldberg, the Bloomberg Boston bureau chief. 503 00:25:37,560 --> 00:25:39,080 Speaker 1: What a treat to have you. Thanks for coming to 504 00:25:39,119 --> 00:25:41,359 Speaker 1: see us year, Carrie. You spent a lot of time 505 00:25:41,359 --> 00:25:44,119 Speaker 1: covering COVID. You spent a lot of time covering the 506 00:25:44,160 --> 00:25:46,920 Speaker 1: recovery and the supposed reopening from COVID, and it's being 507 00:25:47,000 --> 00:25:49,399 Speaker 1: challenged again. How concerned are you as you see New 508 00:25:49,480 --> 00:25:52,160 Speaker 1: York reach a high level that Boston might be there 509 00:25:52,200 --> 00:25:55,320 Speaker 1: next right, Boston is pretty much already there. In fact, 510 00:25:55,440 --> 00:25:59,520 Speaker 1: the positive test rate in Massachusetts over eight percent at 511 00:25:59,520 --> 00:26:01,800 Speaker 1: this place, And I have to confess that I'm looking 512 00:26:01,800 --> 00:26:07,600 Speaker 1: around at this big room full of hundreds, I'm cringing. 513 00:26:07,640 --> 00:26:10,320 Speaker 1: I'm looking at them, almost none of them are wearing masks, 514 00:26:10,359 --> 00:26:13,080 Speaker 1: and I'm just as a longtime mouth reporter, I'm feeling like, 515 00:26:13,200 --> 00:26:17,560 Speaker 1: are you sure? Are you sure? Yeah? You're in the 516 00:26:17,640 --> 00:26:19,720 Speaker 1: Half of these people may have flown in like I did. 517 00:26:20,160 --> 00:26:23,200 Speaker 1: Um is it impacting business right now? I know there's 518 00:26:23,200 --> 00:26:26,080 Speaker 1: a lawsuit, for instance, in the North End, which is 519 00:26:26,160 --> 00:26:29,080 Speaker 1: kind of the little Italy of Boston where restaurants are 520 00:26:29,200 --> 00:26:31,639 Speaker 1: are fighting this idea of having to pay for for 521 00:26:31,760 --> 00:26:34,000 Speaker 1: street dining, for instance. There's been a lot of growing 522 00:26:34,040 --> 00:26:37,280 Speaker 1: pains that continue right although I would say that's not 523 00:26:37,440 --> 00:26:40,439 Speaker 1: directly due to COVID. I mean, it is the outdoor dining, 524 00:26:40,440 --> 00:26:42,600 Speaker 1: which is student COVID. But I wouldn't say that this 525 00:26:42,720 --> 00:26:45,640 Speaker 1: new wave that we're seeing right now, which the Northeast 526 00:26:45,640 --> 00:26:48,840 Speaker 1: seems to be leading in, is affecting businesses at this point. 527 00:26:49,520 --> 00:26:51,639 Speaker 1: Is that because we're not paying attention right now, And 528 00:26:51,720 --> 00:26:54,920 Speaker 1: that would be just exactly. We're all in a lot 529 00:26:55,000 --> 00:26:57,520 Speaker 1: of denial. And it's not just denial. I mean, the 530 00:26:57,520 --> 00:26:59,320 Speaker 1: fact is that to a great extent, we have d 531 00:26:59,520 --> 00:27:03,480 Speaker 1: couple his high rate of cases from the rate of hospitalization, 532 00:27:03,520 --> 00:27:06,560 Speaker 1: not totally but mostly. So you know, it's a reasonable 533 00:27:06,600 --> 00:27:10,679 Speaker 1: decision to hobnob in this giant room. They have lobster 534 00:27:10,760 --> 00:27:13,080 Speaker 1: rolls too, So I mean, come on, so you talk 535 00:27:13,119 --> 00:27:15,720 Speaker 1: about COVID, you can't escape the topic of supply chain. 536 00:27:15,760 --> 00:27:18,400 Speaker 1: We just spoke with the mass Sports CEO a while ago, 537 00:27:18,480 --> 00:27:21,239 Speaker 1: and you've got a remarkable story on the terminal. We 538 00:27:21,280 --> 00:27:24,360 Speaker 1: remember when you know they were they were eliminating elective 539 00:27:24,400 --> 00:27:26,280 Speaker 1: surgeries and so forth. At the beginning of COVID. This 540 00:27:26,320 --> 00:27:28,840 Speaker 1: is a little different. Hospitals around the US as carry 541 00:27:28,960 --> 00:27:33,440 Speaker 1: rights are postponing cat scans and rationing care while waiting 542 00:27:33,520 --> 00:27:37,800 Speaker 1: on shipments of medical die that's made in a Shanghai 543 00:27:37,880 --> 00:27:41,560 Speaker 1: plant that of course has been dealing with lockdowns here. 544 00:27:41,960 --> 00:27:45,040 Speaker 1: This is such a classic example of the ripple effects. 545 00:27:45,040 --> 00:27:48,280 Speaker 1: Something happening in Shanghai is going to impact somebody who's 546 00:27:48,320 --> 00:27:52,360 Speaker 1: living right here in the Boston area. How how severe 547 00:27:52,440 --> 00:27:56,280 Speaker 1: is this problem? Right? So the problem is significant, all right? 548 00:27:56,320 --> 00:27:59,800 Speaker 1: I mean, hospitals around the country are postponing some of 549 00:28:00,000 --> 00:28:03,360 Speaker 1: their cat skins, and they're worried that if this continues 550 00:28:03,400 --> 00:28:05,840 Speaker 1: to get worse, which you probably will before it gets better, 551 00:28:06,119 --> 00:28:09,439 Speaker 1: that they may have to postpone emergency cats. Cat skins. 552 00:28:09,480 --> 00:28:11,439 Speaker 1: Like when you have you might be having a heart attack, 553 00:28:11,440 --> 00:28:13,439 Speaker 1: you might be having a stroke. You go into the 554 00:28:13,440 --> 00:28:16,240 Speaker 1: e er. They need to check to see what's going 555 00:28:16,280 --> 00:28:19,040 Speaker 1: on in your brain or your heart. They need that, right, 556 00:28:19,080 --> 00:28:21,440 Speaker 1: They need this fluid that they put into your body 557 00:28:21,440 --> 00:28:23,600 Speaker 1: to see what's going on in there. And if they 558 00:28:23,680 --> 00:28:25,960 Speaker 1: run out, which they haven't yet, but which they're worried 559 00:28:26,000 --> 00:28:28,240 Speaker 1: that they will then they won't be able to do that. 560 00:28:28,280 --> 00:28:31,240 Speaker 1: Are there solutions being presented? Here? Are we hoping for 561 00:28:31,280 --> 00:28:34,800 Speaker 1: the best. So hospitals are trying to conserve anyway they can, 562 00:28:34,840 --> 00:28:38,080 Speaker 1: They're using smaller doses, they're they're trying to put off 563 00:28:38,120 --> 00:28:40,840 Speaker 1: anything that they can. But you know, the American Hospital 564 00:28:40,840 --> 00:28:43,240 Speaker 1: Association just sent a letter to the maker of this 565 00:28:43,360 --> 00:28:46,840 Speaker 1: Digeneral Electric, which is a Boston based company, saying, look, 566 00:28:46,880 --> 00:28:48,680 Speaker 1: we are very worried that there's going to be a 567 00:28:48,720 --> 00:28:53,000 Speaker 1: severe gap between demand and supply in the coming weeks. 568 00:28:53,160 --> 00:28:55,680 Speaker 1: So there's great concern. So is this the next baby 569 00:28:55,680 --> 00:28:57,120 Speaker 1: formula of the White House is going to have to 570 00:28:57,160 --> 00:28:59,040 Speaker 1: deal with this next week? And say the President is 571 00:28:59,400 --> 00:29:02,480 Speaker 1: invoking the National Defense Actor of the Production Act to 572 00:29:02,520 --> 00:29:04,160 Speaker 1: make this better. I mean, we need we need to 573 00:29:04,160 --> 00:29:06,880 Speaker 1: see how it develops. Um g E is doing all 574 00:29:06,920 --> 00:29:09,920 Speaker 1: it can. It's actually flying supplies in that would normally 575 00:29:10,040 --> 00:29:13,280 Speaker 1: come by ship, and so you know, it is coping 576 00:29:13,280 --> 00:29:15,800 Speaker 1: as best it can. But she is saying at this point, 577 00:29:15,840 --> 00:29:18,920 Speaker 1: the the factory that closed in Shanghai is only back 578 00:29:19,000 --> 00:29:21,960 Speaker 1: up to fifty of its normal production. So that's better, 579 00:29:22,240 --> 00:29:25,000 Speaker 1: but it's not enough. And so Basically, we're gonna see 580 00:29:25,040 --> 00:29:27,600 Speaker 1: this crunch in the coming weeks, and it is possible 581 00:29:27,640 --> 00:29:29,120 Speaker 1: that it would reach the point where the White House 582 00:29:29,160 --> 00:29:31,720 Speaker 1: needs to do something. Oh my god. Well, uh, it's 583 00:29:31,760 --> 00:29:34,480 Speaker 1: great reporting. Find the story on the terminal hospitals ration, 584 00:29:34,520 --> 00:29:38,440 Speaker 1: cat scans awaiting die from Shanghai g E plant just 585 00:29:38,520 --> 00:29:42,520 Speaker 1: like ge needed more trouble right now, and also one 586 00:29:42,520 --> 00:29:46,200 Speaker 1: more supply chain issue in the medical system that everyone says, look, 587 00:29:46,200 --> 00:29:48,880 Speaker 1: we can't have this, we can't have too much dependence 588 00:29:48,920 --> 00:29:51,960 Speaker 1: on one supplier of essential medical goods. And yet it 589 00:29:51,960 --> 00:29:54,600 Speaker 1: happened again. It's unbelievable. Carry thank you for bringing this 590 00:29:54,600 --> 00:29:56,680 Speaker 1: to us. It's wonderful to see you and spend some 591 00:29:56,720 --> 00:29:59,760 Speaker 1: time here in the flesh without masks at least for 592 00:29:59,800 --> 00:30:02,480 Speaker 1: an now in Boston. Our panel is with us for 593 00:30:02,680 --> 00:30:04,920 Speaker 1: a couple of more moments here on this topic, at least, 594 00:30:04,960 --> 00:30:07,600 Speaker 1: Jennifer and sour Scott first, and this is like, uh 595 00:30:07,640 --> 00:30:09,960 Speaker 1: my goodness, it's it's just just like watching a rerun here. 596 00:30:10,000 --> 00:30:12,840 Speaker 1: Every story ends up that we're tackling today being being 597 00:30:12,840 --> 00:30:16,040 Speaker 1: a similar one when it comes to supply chains like this. Jennifer, 598 00:30:16,040 --> 00:30:19,240 Speaker 1: what's the political fallout for this White House they get 599 00:30:19,240 --> 00:30:22,720 Speaker 1: blamed for it. Yeah, absolutely, you know, I think that's fair. 600 00:30:23,440 --> 00:30:26,760 Speaker 1: I think so because look that the person in power 601 00:30:26,960 --> 00:30:31,120 Speaker 1: always gets the high if the economy is high, and 602 00:30:31,160 --> 00:30:35,280 Speaker 1: the low if the economy is it doesn't matter. It's 603 00:30:35,320 --> 00:30:37,160 Speaker 1: just that's just the way it is. And so you 604 00:30:37,200 --> 00:30:39,600 Speaker 1: take a victory lap when the economy is doing great 605 00:30:39,640 --> 00:30:43,280 Speaker 1: and everyone is employed and there's no unemployment. However, right now, 606 00:30:43,600 --> 00:30:46,440 Speaker 1: with the record high inflation, everything that we're talking about, 607 00:30:46,760 --> 00:30:50,400 Speaker 1: you hear about, you know, this medical problem. You listen 608 00:30:50,440 --> 00:30:54,240 Speaker 1: to moms who cannot get formula for their babies. If 609 00:30:54,280 --> 00:30:58,080 Speaker 1: you want to change an election, mess with mothers and 610 00:30:58,120 --> 00:31:01,520 Speaker 1: their children. Okay, that is the one way to get 611 00:31:01,640 --> 00:31:04,680 Speaker 1: people off of their rumps and to go and vote 612 00:31:05,200 --> 00:31:08,120 Speaker 1: is to say you're not letting me feed my baby. 613 00:31:08,840 --> 00:31:11,200 Speaker 1: And and I don't want to hear anything other than 614 00:31:11,360 --> 00:31:13,120 Speaker 1: how do I feed my child? Because that is something 615 00:31:13,480 --> 00:31:16,360 Speaker 1: today that is an issue. And so unless the White 616 00:31:16,360 --> 00:31:19,560 Speaker 1: House could fix that today's issues, I think they're going 617 00:31:19,680 --> 00:31:23,640 Speaker 1: to get walloped in. At the risk of invoking this 618 00:31:23,680 --> 00:31:26,080 Speaker 1: story after what you just said, Scott, that's what a 619 00:31:26,080 --> 00:31:28,040 Speaker 1: lot of Democrats and a lot of progressives are saying 620 00:31:28,040 --> 00:31:33,440 Speaker 1: about reproductive rights. Right now, mess with mothers. We're gonna 621 00:31:33,480 --> 00:31:35,960 Speaker 1: have a march on Washington. And what Elizabeth Warren says 622 00:31:35,960 --> 00:31:38,680 Speaker 1: will be a reckoning at the ballot box in the 623 00:31:39,480 --> 00:31:41,719 Speaker 1: how do you manage it on the campaign level? Well, 624 00:31:41,720 --> 00:31:44,160 Speaker 1: I think those are two different issues. I think they are. Yeah. 625 00:31:44,160 --> 00:31:45,840 Speaker 1: I think one is, you know, how does the White 626 00:31:45,840 --> 00:31:48,840 Speaker 1: House respond to you know, it's very destabilizing with the 627 00:31:49,080 --> 00:31:51,840 Speaker 1: pandemic has been destabilizing, the fact that you kind of 628 00:31:51,840 --> 00:31:54,680 Speaker 1: get baby formula is just destabilizing. This is America, you know, 629 00:31:54,920 --> 00:31:56,680 Speaker 1: we're not used to be. Isn't having to travel for 630 00:31:56,720 --> 00:31:59,520 Speaker 1: an abortion destabilizing? Well, but I think it's I think 631 00:31:59,680 --> 00:32:02,040 Speaker 1: that in terms of that's a direct assault. That's not 632 00:32:02,200 --> 00:32:06,320 Speaker 1: how the how the administration might respond supply chain issue, well, 633 00:32:06,520 --> 00:32:08,080 Speaker 1: you know, that's that's sort of the you know, So 634 00:32:08,120 --> 00:32:09,800 Speaker 1: I would look at those two things differently. I think 635 00:32:09,800 --> 00:32:12,040 Speaker 1: they're but we're talking about a mix where I'm going 636 00:32:12,080 --> 00:32:14,600 Speaker 1: to be in the ballot, ballot box and all of 637 00:32:14,600 --> 00:32:16,840 Speaker 1: these things are gonna be in my mind. And question 638 00:32:16,920 --> 00:32:19,560 Speaker 1: is how they how they Why our heads are spinning? 639 00:32:19,760 --> 00:32:25,480 Speaker 1: Spinning is Bloomberg. This is Bloomberg. So long with Joe 640 00:32:25,560 --> 00:32:30,920 Speaker 1: Matthew on Bloomberg Radio. You know, it's not often we 641 00:32:30,960 --> 00:32:33,200 Speaker 1: share a room with a thousand people here on sound 642 00:32:33,240 --> 00:32:37,240 Speaker 1: on it's usually three. But that's exactly what we have 643 00:32:37,320 --> 00:32:39,080 Speaker 1: today here, as you can hear behind us at what 644 00:32:39,200 --> 00:32:42,240 Speaker 1: is the biggest meeting of business and politics in the 645 00:32:42,240 --> 00:32:44,320 Speaker 1: great city of Boston, the annual meeting of the Boston 646 00:32:44,400 --> 00:32:46,320 Speaker 1: Chamber under way here and we're all set up at 647 00:32:46,320 --> 00:32:49,880 Speaker 1: the Boston Chamber of Commerce here at the Convention Center, 648 00:32:49,880 --> 00:32:53,200 Speaker 1: with special honors tonight going to Governor Charlie Baker, who 649 00:32:53,240 --> 00:32:56,840 Speaker 1: incidentally will not be here after falling ill. His office 650 00:32:56,840 --> 00:32:59,800 Speaker 1: says he tested negative for COVID today. And we do 651 00:33:00,160 --> 00:33:02,280 Speaker 1: the Governor well, because we were planning and hoping to 652 00:33:02,320 --> 00:33:05,040 Speaker 1: speak with him. But let's reassemble the panel to get 653 00:33:05,080 --> 00:33:07,000 Speaker 1: into some of the topics and races that we're looking 654 00:33:07,000 --> 00:33:09,200 Speaker 1: at on this busy primary day. We've talked about the 655 00:33:09,200 --> 00:33:12,440 Speaker 1: Pennsylvania primary with Jennifer Nassour, a former chair of the 656 00:33:12,480 --> 00:33:15,800 Speaker 1: Massachusetts GOP, and with Scott Pherson of Liberty Square Group 657 00:33:15,840 --> 00:33:19,719 Speaker 1: here in Boston, political consultant and strategist, and so we'll 658 00:33:19,760 --> 00:33:24,240 Speaker 1: carry on with I know you've been looking forward, Jennifer 659 00:33:24,280 --> 00:33:26,840 Speaker 1: to talking about Madison Cawthorne. I have to bring it 660 00:33:26,920 --> 00:33:30,000 Speaker 1: up because it's so impossible to escape. And he's the 661 00:33:30,040 --> 00:33:33,240 Speaker 1: youngest member of Congress, got a lot of attention when 662 00:33:33,240 --> 00:33:38,280 Speaker 1: he came into office, endorsed early by President Trump, and wow, 663 00:33:38,360 --> 00:33:40,440 Speaker 1: the last couple of weeks have been something. He says 664 00:33:40,480 --> 00:33:43,880 Speaker 1: that it's a media made up, you know, hit job 665 00:33:43,920 --> 00:33:46,520 Speaker 1: on him. But it's videos you couldn't show a child. 666 00:33:47,560 --> 00:33:50,760 Speaker 1: It's walking through airport security with a gun in your bag, 667 00:33:51,560 --> 00:33:55,200 Speaker 1: it's being pulled over with a revoked license. This is 668 00:33:55,200 --> 00:34:01,200 Speaker 1: the eleventh District North Carolina, seven primary opponents. What happens tonight? Well, 669 00:34:01,600 --> 00:34:04,000 Speaker 1: I think, and I hope that that's not because I'm 670 00:34:04,000 --> 00:34:06,800 Speaker 1: just being it's wishful thinking, but I think that he 671 00:34:06,920 --> 00:34:09,480 Speaker 1: is going to finally go down. I think a lot 672 00:34:09,480 --> 00:34:12,719 Speaker 1: of his Republican colleagues are hoping he goes down. I 673 00:34:12,760 --> 00:34:15,560 Speaker 1: think the majority of the Republican Party hopes that he 674 00:34:15,600 --> 00:34:20,279 Speaker 1: goes down. These scandals won't ever go away, and they 675 00:34:20,440 --> 00:34:24,480 Speaker 1: taint other candidates um and it's unfortunate because it takes 676 00:34:24,480 --> 00:34:26,880 Speaker 1: away from the larger picture of the issues that are 677 00:34:26,920 --> 00:34:29,359 Speaker 1: important right now to voters. What does that say about 678 00:34:29,360 --> 00:34:32,839 Speaker 1: the Trump brands again here Scott, when we're looking at 679 00:34:32,840 --> 00:34:35,160 Speaker 1: someone that even the Republican leadership would prefer to see 680 00:34:35,160 --> 00:34:38,399 Speaker 1: lose tonight. Well, I think I think the a couple 681 00:34:38,400 --> 00:34:40,120 Speaker 1: of things. One is, you know, Trump has has sort 682 00:34:40,160 --> 00:34:41,799 Speaker 1: of hedged his bets on this one. I think, you know, 683 00:34:41,880 --> 00:34:43,480 Speaker 1: so he'll take he'll take credit for it if he 684 00:34:43,480 --> 00:34:47,520 Speaker 1: gets and avoids a runoff. Um, but I do. This 685 00:34:47,600 --> 00:34:49,279 Speaker 1: is old adage about Congress that when you first get 686 00:34:49,280 --> 00:34:51,319 Speaker 1: elected to Congress, you look around you think how did 687 00:34:51,360 --> 00:34:53,120 Speaker 1: I get here? And then after a month you look 688 00:34:53,160 --> 00:34:54,839 Speaker 1: around you so do you think how did they get here? 689 00:34:55,200 --> 00:34:56,839 Speaker 1: You know? So I think that this is a long 690 00:34:56,920 --> 00:35:00,440 Speaker 1: history where where where Congress, particularly the House of a Resentative, 691 00:35:00,520 --> 00:35:03,040 Speaker 1: is large enough that you've got all kinds of characters. 692 00:35:03,200 --> 00:35:05,200 Speaker 1: And I think it's it's it's a it's a problem 693 00:35:05,200 --> 00:35:08,040 Speaker 1: when you know the powers that be say that that 694 00:35:08,160 --> 00:35:10,160 Speaker 1: this is an embarrassment, we need to have him removed, 695 00:35:10,360 --> 00:35:12,520 Speaker 1: and then you've got seven candidates running against him, and 696 00:35:12,560 --> 00:35:15,200 Speaker 1: then you're just you're just diffusing your odds in in 697 00:35:15,200 --> 00:35:19,040 Speaker 1: in a way so he might survive would be interesting 698 00:35:18,880 --> 00:35:20,560 Speaker 1: thing to see, in which case, if he does, it 699 00:35:20,560 --> 00:35:22,800 Speaker 1: seems like he will, they'll still be returned to Congress, 700 00:35:22,840 --> 00:35:26,879 Speaker 1: be no major committee assignments anytime. No. I think their 701 00:35:26,880 --> 00:35:28,600 Speaker 1: plan is to get rid of him. I mean to 702 00:35:28,600 --> 00:35:31,240 Speaker 1: to suppress him as much as possible. And I'm hoping 703 00:35:31,360 --> 00:35:34,920 Speaker 1: that when you know, when you're looking at UM, and 704 00:35:34,960 --> 00:35:36,920 Speaker 1: I'm a fan of ranked choice voting, and I think 705 00:35:36,960 --> 00:35:39,279 Speaker 1: one of the things that you look at is it 706 00:35:39,360 --> 00:35:42,880 Speaker 1: becomes harder to get to your percentages if you aren't 707 00:35:42,880 --> 00:35:45,840 Speaker 1: a good candidate, if you aren't someone's you know, first 708 00:35:45,960 --> 00:35:49,600 Speaker 1: or second or maybe top third choice. And in this 709 00:35:49,719 --> 00:35:53,320 Speaker 1: in this case, I'm hoping that the other candidates really 710 00:35:53,600 --> 00:35:57,479 Speaker 1: just dilute his numbers down, Um, and it goes away 711 00:35:57,480 --> 00:35:59,560 Speaker 1: that way, because I think it's a really big mess 712 00:36:00,080 --> 00:36:02,880 Speaker 1: for leadership to have to deal with him otherwise. I 713 00:36:02,880 --> 00:36:05,480 Speaker 1: want to ask you about the governor's race here. I 714 00:36:05,520 --> 00:36:07,359 Speaker 1: mentioned Charlie Baker. He's not going to be with us. 715 00:36:07,400 --> 00:36:09,880 Speaker 1: He's uh, he's not running for reelection, which was a 716 00:36:09,880 --> 00:36:12,880 Speaker 1: pretty big deal, Scott. Maybe you saw that coming, Um, 717 00:36:12,920 --> 00:36:14,399 Speaker 1: but it looks like he's going to be spending more 718 00:36:14,440 --> 00:36:17,000 Speaker 1: time talking about his book than you know, national politics 719 00:36:17,040 --> 00:36:19,319 Speaker 1: as we move forward here, not that he was ever 720 00:36:19,360 --> 00:36:22,040 Speaker 1: really talking about national politics. I mean he's like the 721 00:36:22,160 --> 00:36:26,719 Speaker 1: unicorn Republican here, was never in the Trump zone, was 722 00:36:26,760 --> 00:36:29,799 Speaker 1: not a fan when when this first came about, and 723 00:36:29,880 --> 00:36:32,319 Speaker 1: doesn't even seem to agree on a lot of things 724 00:36:32,320 --> 00:36:35,360 Speaker 1: with his own state party. What kind of a legacy 725 00:36:35,360 --> 00:36:38,319 Speaker 1: does he leave before I ask you about replacing him? Yeah, um, 726 00:36:38,960 --> 00:36:41,120 Speaker 1: I think a strong legacy. I mean, you know, the 727 00:36:41,600 --> 00:36:44,880 Speaker 1: as a Democrat, I might say, well, he's frustrating on 728 00:36:44,920 --> 00:36:46,600 Speaker 1: a number of fronts. He should be this, he should 729 00:36:46,640 --> 00:36:48,640 Speaker 1: be that. But when you look at the reality of 730 00:36:48,640 --> 00:36:51,759 Speaker 1: what people in Massachusetts think about the governor, he could 731 00:36:51,800 --> 00:36:53,720 Speaker 1: easily we're just talking about this, he could be reelected 732 00:36:53,760 --> 00:36:56,280 Speaker 1: as a Democrat if you write to that was clear. 733 00:36:56,400 --> 00:36:59,600 Speaker 1: So you know, as we would say, he's doing something right, 734 00:36:59,680 --> 00:37:01,719 Speaker 1: you know, the that to have those kinds of numbers 735 00:37:01,760 --> 00:37:05,240 Speaker 1: and he leaves the state in a in a strong position. Um, 736 00:37:05,280 --> 00:37:07,040 Speaker 1: I am gonna go out on a limb here and 737 00:37:07,080 --> 00:37:09,000 Speaker 1: put my little Republican hat on and pretend to be 738 00:37:09,040 --> 00:37:12,520 Speaker 1: a Republican strategist and say he should he should run 739 00:37:12,560 --> 00:37:16,280 Speaker 1: for president because his path to the nomination he doesn't 740 00:37:16,320 --> 00:37:18,440 Speaker 1: have to go through Donald Trump in the way that 741 00:37:18,480 --> 00:37:24,960 Speaker 1: others do. Outside candidate. Now, there's much much smaller pool 742 00:37:25,040 --> 00:37:27,959 Speaker 1: to the Reublican primary to come from. But his path 743 00:37:28,040 --> 00:37:30,279 Speaker 1: is I think a lot clearer than take cruizes or 744 00:37:30,360 --> 00:37:33,560 Speaker 1: Josh Holly's or other How how do you clear that field? Though? 745 00:37:33,560 --> 00:37:35,279 Speaker 1: In a in a contestant, I can't wait to hear 746 00:37:35,360 --> 00:37:37,560 Speaker 1: your views on this general. Larry Hogan in Maryland is 747 00:37:38,000 --> 00:37:39,759 Speaker 1: kicking the tires at it. That's right. They have a 748 00:37:39,800 --> 00:37:42,880 Speaker 1: lot in common. But Jennifer, this has become a different party. 749 00:37:42,960 --> 00:37:46,799 Speaker 1: And they would call Charlie Baker a Democrat, I don't drunk, 750 00:37:46,840 --> 00:37:50,160 Speaker 1: call him a rhino. Yeah, no, absolutely, And Scott, I'm 751 00:37:50,200 --> 00:37:53,879 Speaker 1: sure if first Lady Lauren Baker is listening right now, 752 00:37:54,400 --> 00:37:59,080 Speaker 1: she has a voodoo doll right now off the Christmas 753 00:37:59,120 --> 00:38:03,840 Speaker 1: cards your that's it? Um, So you know, I think 754 00:38:04,040 --> 00:38:07,160 Speaker 1: number one. I'm one of the governor's biggest fans. I 755 00:38:07,160 --> 00:38:09,240 Speaker 1: would throw myself in front of a bus for him. 756 00:38:09,280 --> 00:38:12,439 Speaker 1: I think he's amazing, he's brilliant. He's done a great 757 00:38:12,520 --> 00:38:16,200 Speaker 1: job in Massachusetts. It has not been about sticking with 758 00:38:16,320 --> 00:38:20,719 Speaker 1: the political the politics of the day. It's not political. 759 00:38:20,760 --> 00:38:24,000 Speaker 1: It is about management, which is why Massachusetts the largest 760 00:38:24,040 --> 00:38:28,120 Speaker 1: surplus in any state budget. Why is you know where 761 00:38:28,239 --> 00:38:30,640 Speaker 1: if if it wasn't for COVID, we would be the 762 00:38:30,680 --> 00:38:34,080 Speaker 1: most prosperous of every of every stage. Why at odds 763 00:38:34,120 --> 00:38:37,040 Speaker 1: with the National Party because he doesn't he doesn't want 764 00:38:37,080 --> 00:38:39,440 Speaker 1: to get involved in the politics. He's not falling into 765 00:38:39,440 --> 00:38:42,600 Speaker 1: the Trump Oh we've got to hate everyone and and 766 00:38:42,800 --> 00:38:46,560 Speaker 1: you know, say nasty comments. Instead, he is very focused 767 00:38:46,560 --> 00:38:48,840 Speaker 1: on Massachusetts and that's why I don't know if he 768 00:38:48,840 --> 00:38:52,000 Speaker 1: would even want to run for president. And you know, 769 00:38:52,080 --> 00:38:54,680 Speaker 1: if he did, he would be a choice for others. 770 00:38:54,680 --> 00:38:57,080 Speaker 1: He would be like the Chris Christie, like the you know, 771 00:38:57,680 --> 00:39:01,680 Speaker 1: like others who out there and are not in the 772 00:39:01,800 --> 00:39:05,480 Speaker 1: Trump mold, which I think is great. However, Um, I'm 773 00:39:05,480 --> 00:39:08,080 Speaker 1: sad to see the governor go. I really was hoping 774 00:39:08,080 --> 00:39:10,439 Speaker 1: he was going to run for a third term. He 775 00:39:10,640 --> 00:39:15,160 Speaker 1: has been amazing. It's the end of of a dynasty here, um, 776 00:39:15,280 --> 00:39:18,040 Speaker 1: and it will be interesting to see what the next 777 00:39:18,280 --> 00:39:22,080 Speaker 1: four or eight years bring. Um. After this election, and 778 00:39:22,160 --> 00:39:24,520 Speaker 1: on the Republican side, we have two candidates running. On 779 00:39:24,560 --> 00:39:27,439 Speaker 1: the Democratic side, they have two candidates running. I think 780 00:39:27,680 --> 00:39:30,759 Speaker 1: both Scott and I would agree that you know, there 781 00:39:30,800 --> 00:39:34,040 Speaker 1: are maybe two people in this race on either side, 782 00:39:34,239 --> 00:39:37,440 Speaker 1: that he should move on and allow the voters to 783 00:39:37,480 --> 00:39:40,120 Speaker 1: hear the real issues that are going on. Well, let's 784 00:39:40,120 --> 00:39:41,920 Speaker 1: get into that a little bit. By the way, Scott, 785 00:39:41,960 --> 00:39:44,520 Speaker 1: you don't think Charlie Baker has national ambitions, do you? 786 00:39:44,960 --> 00:39:47,040 Speaker 1: I don't know. I don't. I'm not privy to what 787 00:39:47,719 --> 00:39:50,040 Speaker 1: is thinking. But you haven't assumed that he was going 788 00:39:50,080 --> 00:39:52,840 Speaker 1: to make a dash for Washington. Uh. He just doesn't 789 00:39:52,840 --> 00:39:55,640 Speaker 1: seem that kind of guy. Lo and behold, Marty Walsh 790 00:39:55,680 --> 00:39:58,000 Speaker 1: is the one in Washington. But that's another question. Um, 791 00:39:58,040 --> 00:40:00,440 Speaker 1: as far as this goes more, he Lee is the 792 00:40:00,480 --> 00:40:02,959 Speaker 1: clear front runner on the Democratic side. Is that done? 793 00:40:02,960 --> 00:40:05,480 Speaker 1: She's going to get this nomination. I think we should, 794 00:40:05,480 --> 00:40:12,719 Speaker 1: frankly to swear in right now. The mainstream Canada underside 795 00:40:13,239 --> 00:40:16,640 Speaker 1: at no, no, he was Donald Trump's campaign so called 796 00:40:16,680 --> 00:40:20,480 Speaker 1: state what chairman in sixty and the only I remember 797 00:40:20,520 --> 00:40:23,479 Speaker 1: going there from a Boston news outfit at the time, 798 00:40:23,960 --> 00:40:26,440 Speaker 1: went to the Trump convention and he was the only 799 00:40:27,360 --> 00:40:31,320 Speaker 1: person from mass there, not another member of the party. 800 00:40:31,360 --> 00:40:35,279 Speaker 1: Show now right right, exactly, That's who Jeff Deal is. 801 00:40:35,560 --> 00:40:39,160 Speaker 1: So Jeff Deal, it's all about politics, right, It's about 802 00:40:39,200 --> 00:40:41,799 Speaker 1: throwing the Trump name around. You don't see him winning 803 00:40:41,800 --> 00:40:45,600 Speaker 1: the trust. A news flash, we live in Massachusetts, So 804 00:40:45,680 --> 00:40:48,000 Speaker 1: I mean that the Trump thing isn't isn't flying here. 805 00:40:48,320 --> 00:40:50,760 Speaker 1: That's number one. Number two, we have a very interesting 806 00:40:50,760 --> 00:40:54,560 Speaker 1: primary system, so we have fifty roughly fifty six percent 807 00:40:54,640 --> 00:40:58,960 Speaker 1: of our electorate are actually unenrolled voters, so on primary 808 00:40:59,040 --> 00:41:01,879 Speaker 1: day they can pay which primary they want to run 809 00:41:02,120 --> 00:41:05,719 Speaker 1: that they want to vote in. And so here for us, 810 00:41:05,880 --> 00:41:09,000 Speaker 1: I think that having someone who's so extreme can work 811 00:41:09,040 --> 00:41:11,880 Speaker 1: the other way because for years and years I've always 812 00:41:11,880 --> 00:41:14,319 Speaker 1: heard people who have said, I'm going to vote for 813 00:41:14,400 --> 00:41:17,960 Speaker 1: the other person, not because I care about Republican politics 814 00:41:18,080 --> 00:41:21,400 Speaker 1: or Democratic politics, but I don't want that person to 815 00:41:21,480 --> 00:41:23,799 Speaker 1: show up on the ballot. And I think that that 816 00:41:23,840 --> 00:41:26,239 Speaker 1: could be the case here. Chris Dowdy, who is the 817 00:41:26,280 --> 00:41:31,240 Speaker 1: other candidate running, is much more in the Mitt Romney, 818 00:41:31,400 --> 00:41:36,560 Speaker 1: paulse Lucci, Jane Swift, Bill Weld, and Charlie Baker competition. 819 00:41:36,680 --> 00:41:40,560 Speaker 1: He can because I think he has a good grasp 820 00:41:40,760 --> 00:41:44,880 Speaker 1: on business. He's a business owner, he has built his 821 00:41:44,920 --> 00:41:47,920 Speaker 1: business from the ground up. He's a father, he's a grandfather, 822 00:41:48,320 --> 00:41:50,799 Speaker 1: and so he's very in touch with what is going 823 00:41:50,840 --> 00:41:54,600 Speaker 1: on in Massachusetts on the ground, and so he would 824 00:41:54,600 --> 00:41:57,400 Speaker 1: be the one who would have a really good debate 825 00:41:57,440 --> 00:41:59,880 Speaker 1: with her, a solid debate where they're both very smart 826 00:42:00,080 --> 00:42:02,440 Speaker 1: people who could have a good date that it's not 827 00:42:02,760 --> 00:42:06,239 Speaker 1: throwing around national politics and bring it into Massachusetts. There's 828 00:42:06,280 --> 00:42:08,680 Speaker 1: no place for that. Whaley's got the cash though, Scott 829 00:42:09,360 --> 00:42:12,360 Speaker 1: uh certainly name recognition and quite a story to tell 830 00:42:12,360 --> 00:42:14,960 Speaker 1: with you know this David and Goliath attorney general from 831 00:42:14,960 --> 00:42:18,680 Speaker 1: mass who sued all these massive corporations, including the opioid 832 00:42:18,760 --> 00:42:21,319 Speaker 1: lawsuit that a lot of people can relate with. Could 833 00:42:21,440 --> 00:42:23,960 Speaker 1: could there be a real Republican challenge You're ready to 834 00:42:23,960 --> 00:42:25,640 Speaker 1: swear her in and where you swear in, but I 835 00:42:25,680 --> 00:42:27,520 Speaker 1: think that would be nice if there's a Republican challenge. 836 00:42:27,520 --> 00:42:30,040 Speaker 1: I certainly think with with Doudy, that's a much better 837 00:42:30,160 --> 00:42:32,600 Speaker 1: better race you actually have. You could actually get into 838 00:42:32,640 --> 00:42:34,400 Speaker 1: a policy discussion, which I think would be good and 839 00:42:34,440 --> 00:42:37,200 Speaker 1: make whoever wins went make moraw when she wins the 840 00:42:37,239 --> 00:42:39,960 Speaker 1: stronger governor. UM. But I do think you know, she 841 00:42:40,080 --> 00:42:42,719 Speaker 1: both is extremely well liked, has done a great job 842 00:42:42,760 --> 00:42:46,480 Speaker 1: as Attorney general Uh, and would be groundbreaking. James Swift 843 00:42:46,560 --> 00:42:49,360 Speaker 1: was governor, but to elect the governor of Massachusetts l 844 00:42:49,360 --> 00:42:52,640 Speaker 1: g pt Q is would be groundbreaking and I think 845 00:42:52,680 --> 00:42:54,560 Speaker 1: we are very attractive. All right, we have less than 846 00:42:54,600 --> 00:42:56,279 Speaker 1: a minute left. I'm gonna throw this at both of you. 847 00:42:56,280 --> 00:42:59,080 Speaker 1: You'll just love me for it. I understand that the 848 00:42:59,160 --> 00:43:04,360 Speaker 1: deadline to file as an independent is August. Marty Walsh, anyone, 849 00:43:05,640 --> 00:43:10,680 Speaker 1: no st you know. I think a lot of people 850 00:43:10,719 --> 00:43:14,839 Speaker 1: would have really liked that. Again, are unenrolled. I don't 851 00:43:14,920 --> 00:43:17,399 Speaker 1: know if he leaves a solid job in d C 852 00:43:18,080 --> 00:43:22,280 Speaker 1: for a prospect. And right he is everywhere in DC 853 00:43:22,400 --> 00:43:25,880 Speaker 1: every time that he's real. I can't show up anywhere 854 00:43:25,920 --> 00:43:28,920 Speaker 1: without saying Mr mayor, I mean secretary. Thank you so 855 00:43:29,000 --> 00:43:32,040 Speaker 1: much to both of you, Scott, Jennifer, wonderful conversation. I 856 00:43:32,120 --> 00:43:34,120 Speaker 1: told you we'd have some smart minds here. Thanks to 857 00:43:34,160 --> 00:43:37,120 Speaker 1: Carry Goldberg as well, and leaves to Weiland from Massport. 858 00:43:37,200 --> 00:43:39,960 Speaker 1: A special edition of Sound On This is Bloomberg