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

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

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

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Speaker 1: Floomberg Sound on the inside, the influencers, the insides. We're

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

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Speaker 1: never before. You're looking at seventy Kennedys for different vaccines.

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

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Speaker 1: never happens again? This is Bloomberg Sound on with kevin'sur

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Speaker 1: relate on Bloomberg and one oh five point seven f

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Speaker 1: m h D two Historic day in Houston as the

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Speaker 1: memorial service for George Floyd commenced. This as more talk

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Speaker 1: of a potential potential by partisanship emerging, consensus emerging on

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Speaker 1: reform for police and on COVID nineteen US cases rise

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Speaker 1: at the slowest daily a since March. Since March, according

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Speaker 1: to the World Health Organization. So a new milestone, a

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Speaker 1: new milestone on that front, and President Trump's twenty path

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Speaker 1: gets trickier with tag as recession president. We have a

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Speaker 1: lot to get through. I've got an exclusive interview with

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Speaker 1: Mick Mulvaney. Mick mulvaney, the President's former chief of staff

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Speaker 1: and now he's like the Northern ambassador to Ireland. I

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Speaker 1: didn't talk about the Irish I'm sorry, Ambassador Malhowell. But

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Speaker 1: we did talk about about reopening the economy. All right,

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Speaker 1: let's kick things off locally though, Well, let's start national

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Speaker 1: and and and what's going on in the city with

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Speaker 1: the police force as well. Uh, George Floyd's memorial service

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Speaker 1: and Houston Wow, powerful, powerful And in fact I was

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Speaker 1: on Bloomberg Television with Taylor Riggs, my colleague for filling

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Speaker 1: in for David Weston on on balance, power and the

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Speaker 1: New York Stock Exchange at noon today, just as the

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Speaker 1: memorial service was starting in Houston had an eight minute

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Speaker 1: moment of silence and recognition of civil rights, human rights,

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Speaker 1: and equality. And because of the eight minutes of of

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Speaker 1: George Floyd joining us on the telephone line, Julie Salzmer, Julie,

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Speaker 1: did I say your last name right? Well? How do

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Speaker 1: I say it, Julie? I know your byline Osmer. Juliez Ozmer.

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Speaker 1: She is a d C government reporter for the Washington Post,

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Speaker 1: and she's been writing all about the DC Council and

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Speaker 1: defunding police reform or police reform because of the protests.

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Speaker 1: And that's where I want to begin, and and I'm

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Speaker 1: so grateful for your time, because you really have been

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Speaker 1: one of the reporters out front on all of this.

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Speaker 1: You hear, you see the pro tests, we experienced the protests,

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Speaker 1: you see the powerful images coming from Houston as a

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Speaker 1: as a result of the memorial service. What's going on

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Speaker 1: in Washington, d C. Are we going to be the

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Speaker 1: next Minneapolis in terms of defunding the police. Well, we're

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Speaker 1: not there yet by a long stretch. But when you

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Speaker 1: talk about powerful images that have come out of the

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Speaker 1: past two weeks, that image of Mayor hous Are raising

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Speaker 1: the street sign and painting Sixteenth Street with Black Lives

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Speaker 1: Matter plaza is one of those images that has made

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Speaker 1: a national impression. But today was the day that the

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Speaker 1: DC Council actually got around to looking at let's put

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Speaker 1: this some of this into action and let's pass legislation

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Speaker 1: about reforming the police um and Mayor Bansor's response was

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Speaker 1: slowed down, and she said that this legislation to reform

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Speaker 1: the police department in d C should be up for

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Speaker 1: more public hearings first, UM, and really encouraged the council

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Speaker 1: not to pass it, but they ended up voting unanimously

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Speaker 1: for this law. So they vote unanimously. Mayor Bowser joins

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Speaker 1: the likes of former Vice President Joe Biden and says

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Speaker 1: slow down, Biden, going so far as to say he

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Speaker 1: is not for there to be a defunding of police.

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Speaker 1: I've spoken with at least two House Democrats just today

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Speaker 1: who echoed Biden. What does Bowser want? Because I think

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Speaker 1: Julie and you know this based upon your reporting, tell

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Speaker 1: us what the different factions of progressive progressives mean when

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Speaker 1: they say defund the police right the talking about defunding

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Speaker 1: does not mean take away all the money from the

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Speaker 1: police budget. It does mean look at redirecting some or

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Speaker 1: a lot of that money toward social programs, toward mental

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Speaker 1: health workers, towards people who could replace a lot of

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Speaker 1: the functions that police officers are serving in right now.

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Speaker 1: Is that aren't necessarily the core job of police departments. Um,

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Speaker 1: But that wasn't really issue before the DC Council. Today

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Speaker 1: they are working very hard on the upcoming DC budget

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Speaker 1: for the next fiscal year right now, and there will

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Speaker 1: be heated debates about what the funding for the police

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Speaker 1: department should be in that budget. Um, But today they

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Speaker 1: were looking at a long list of reforms that don't

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Speaker 1: have to do very much with funding. When we talk

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Speaker 1: about reforms, can you just give us a couple of

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Speaker 1: examples that here in Washington, d C. They're looking to have.

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Speaker 1: I mean, the police union would be very much impacted

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Speaker 1: by this, especially as it relates to disciplinary actions and

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Speaker 1: reporting processes. Could you just kind of elaborate on that force.

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Speaker 1: Thank you, yes, so you just touched someone. That is

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Speaker 1: one of the most significant aspects of this law. Um.

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Speaker 1: The city has said today that they are not going

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Speaker 1: to include the disciplinary process for when an officer does

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Speaker 1: mess up in the collective bargaining agreements that they have

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Speaker 1: with the union, which means next time around that they

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Speaker 1: negotiate a contract, they're going to say we set the

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Speaker 1: discipline process. That's not up for debate. So we'll see

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Speaker 1: how that soose. There's a lot of questions there. UM.

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Speaker 1: Some of the other things they did today, they banned

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Speaker 1: the local police department from using tear gas or other

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Speaker 1: chemical irritants or rubber bullets on Peautiful protesters who are

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Speaker 1: demonstrating in the city. This doesn't mean that federal law

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Speaker 1: enforcement won't continue to use those sort of tactics, but

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Speaker 1: the mp D cannot now UM they required the mp

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Speaker 1: D disclosed the name of an officer who uses a

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Speaker 1: serious use of force within seventy two hours, which is

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Speaker 1: a big change for d C. Huge change, massive change.

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Speaker 1: What are the police Police Officers Union has been saying

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Speaker 1: they're angry. They put out a statement before this law

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Speaker 1: was passed, basically threatening that UM many officers would leave

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Speaker 1: the department if this law passed, that there it would

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Speaker 1: lead to increased violence in the city. UM today A

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Speaker 1: did have some praise for one thing that got into

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Speaker 1: the law, which was two council members Vincent Grahy Anita

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Speaker 1: Bonds suggested, and it was controversial that ultimately got passed

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Speaker 1: UM an idea that UH, there'll be a new Police

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Speaker 1: Reformed Commission that would study the issue and come up

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Speaker 1: with recommendations by the end of the year. So that

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Speaker 1: got a lot of praise from the police union. UM.

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Speaker 1: Others on the council said, why are we waiting till

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Speaker 1: the end of the year. Again, we have the momentum now,

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Speaker 1: all right, Julius Julius osme just in the minute that

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Speaker 1: we have left. I mean Congressman Dwight Events, he's a

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Speaker 1: Democrat from Pennsylvania. He represents West Philly. I was speaking

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Speaker 1: with him earlier today and he said he described it

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Speaker 1: as as not so much defunding police, but divesting from

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Speaker 1: police and investing or reinvesting into communities. And I thought

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Speaker 1: there was an interesting way to look at it as

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Speaker 1: what's the return on investment been from from from the

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Speaker 1: from the police beyond beyond just keeping community safe. You know,

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Speaker 1: if if someone suffering from mental health, for example, who

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Speaker 1: are the best what are the best resources that we

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Speaker 1: could invest in to better help everyone? And I gotta say,

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Speaker 1: I mean, there's so many we all know incredible officers

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Speaker 1: who are working to to to make significant change within

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Speaker 1: their own communities as well. All right, Julie at the

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Speaker 1: Washington Post, thank you so much for coming on. Appreciate

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Speaker 1: your time. Up next, we check in with Congressman Don Buyer.

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Speaker 1: I'm Kevin Cirelli. You're listening to Bloomberg. This is Bloomberg's

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Speaker 1: Sound On with Kevin Surreley on Bloomberg and one oh

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Speaker 1: five point seven f M h D two I'm Kevin

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Speaker 1: and surreally, chief Washington correspondent for Bloomberg Television and Bloomberg Radio.

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Speaker 1: Did you see this? The Crossfits CEO apologized, that's right.

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Speaker 1: The Crossfits CEO apologized for insensitive tweets about the protests

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Speaker 1: after Adida's sportswear brand Reebok said it would not renew

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Speaker 1: ties with the fitness group. That according to the Bloomberg Terminal.

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Speaker 1: And you know, if if you've been following this story,

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Speaker 1: even here in Washington, d C. Several boxes as they

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Speaker 1: call them, they don't call cross Fits gyms, they call

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Speaker 1: them boxes. Several CrossFit boxes have disassociated with CrossFit over

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Speaker 1: the CEOs tweets. Reading from the tweets, the CEO essentially

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Speaker 1: said Glassman. This the ceo, it's name is Glassman. That

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Speaker 1: he I don't even want to know. I don't even

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Speaker 1: want to read what he said, but it was it

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Speaker 1: was very controversial, and as a result of that, you've

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Speaker 1: had brands, you know, uh, depart. It's a it's a

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Speaker 1: contrast from Roger Goodell of the NFL, who actually last

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Speaker 1: week said that they got the decision wrong, and dealing

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Speaker 1: with Colin Kaepernick. There's a great story in the Wall

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Speaker 1: Street Journal. I don't know if you saw this, Andrew

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Speaker 1: Beaton's reporting inside the NFL seventy two hour Awakening that

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Speaker 1: goes into how the sports world has had to been

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Speaker 1: or has been dealing with this as an industry. UM,

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Speaker 1: so shout out to that article. Earlier today on Bloomberg Television. Uh,

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Speaker 1: I'm sorry, I'm Balance of Power Radio. I spoke with

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Speaker 1: Don not that Don No, not that Don either, but

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Speaker 1: Don Buyer. He is a Democrat representing Northern Virginia, and

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Speaker 1: I asked him about the impact about the protests that

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Speaker 1: they're having on the local community, but also about the economy.

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Speaker 1: Take a listen to what he said about the jobs market.

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Speaker 1: The numbers show that most of those were people that

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Speaker 1: were temporarily laid off, and it shows that the p

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Speaker 1: p P, the paycheck for some plan and those small

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Speaker 1: business loans that we did actually worked. You know. We

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Speaker 1: we we basically put seven billion dollars out there and said,

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Speaker 1: you know, small businesses, media sized businesses, we will forgive

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Speaker 1: those loans. They become tax free grants as long as

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Speaker 1: you hire your people back. And so they did. But

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Speaker 1: we have to remember that there's another three million people

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Speaker 1: that entered that long term unemployed category, and when the

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Speaker 1: b e A Adjuster statistics is still north of Congressman

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Speaker 1: down Buyers on the line. He's a Democrat from Virginia

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Speaker 1: and he's of course on the Joint Economic Committee. You

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Speaker 1: know what about in terms of people being able to

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Speaker 1: file for unemployment, because you know, I've seen some of

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Speaker 1: your remarks about that. You think it's more difficult for

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Speaker 1: folks to file for unemployment, and we got to make

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Speaker 1: it easier for people to do so. How well? You

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Speaker 1: know we we we had forty million people file since

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Speaker 1: the beginning of the coronavirus crisis. And initially the estate

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Speaker 1: infrastructures just weren't ready for it at all. The systems

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Speaker 1: were crashed, sing phones weren't getting answered. The states have

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Speaker 1: done a good job adapting to it. But the big thing, Kevin,

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Speaker 1: is we have to realize the Congressive Budget Office says

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Speaker 1: through all of next year, unemployments could be north at ten.

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Speaker 1: We have million people unemployed right now, so we've got

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Speaker 1: to make sure that all that unemployment insurance stays in place,

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Speaker 1: that the federal government continues to fund it. And I'm

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Speaker 1: a big fan of automatic stabilizers where most economists are

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Speaker 1: where the unemployment benefits turn on and turn off by

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Speaker 1: state based on what the need is, what the unemployment

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Speaker 1: rate is. So congressmen, you know, I was speaking about

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Speaker 1: this earlier with one of your colleagues in the House,

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Speaker 1: and it's a sensitive topic, but I think it's important,

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Speaker 1: especially as we are talking about another round of economic stimulus.

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Speaker 1: So many of these mom and pop I can't even

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Speaker 1: I'm so I apologize. So many of these mom and

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Speaker 1: pop shops across the tree and small businesses are not

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Speaker 1: able to get access to the liquidity that they need

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Speaker 1: and the loans that they need from large financial institutions

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Speaker 1: as well as from some of the tools that lawmakers

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Speaker 1: have have put at their disposal. Are you concerned for

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Speaker 1: the for the small town, uh, small business that they're

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Speaker 1: not going to be able to get the financial assistance

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Speaker 1: that they need. You can't. I really am in at

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Speaker 1: first round the so called Cares act Um. You know,

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Speaker 1: we put out all that money, as I mentioned, seven billion,

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Speaker 1: but most of it went to people that had good

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Speaker 1: banking relationships, good lawyers, good accountants. You know. The the

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Speaker 1: larger size those businesses tenant under fifteen and under really

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Speaker 1: got left out the so called under banked in the

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Speaker 1: Heroes Act, which the House has already passed, and it's

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Speaker 1: it's a negotiation with the Senate right now. We dedicate

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Speaker 1: the first seventy billion just of the businesses with ten

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Speaker 1: or less, and you know they tend to be her knowned,

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Speaker 1: women owned rural businesses of people of color. Um putting

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Speaker 1: the money where there's really needed right now. So I'm

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Speaker 1: hoping that Speaker Pelosi, McConnell, Schumer that they can work

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Speaker 1: a deal pretty soon. So it's one thing to get

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Speaker 1: a deal, but it's another in order to I think,

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Speaker 1: have this mass education for these small businesses and that

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Speaker 1: they can get access to that switching gears. Though Congressman

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Speaker 1: Don Buyer, Democrat from Virginia joining us on the line,

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Speaker 1: we're so appreciative of his time. Literally as we speak

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Speaker 1: in Houston, Texas, there is the memorial service for George Floyd. House.

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Speaker 1: Democrats have put out a plan today of policing reforms.

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Speaker 1: But do you think that that this has any chance

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Speaker 1: of getting signed into law. Republicans have have come out

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Speaker 1: and questioned it, where's the common ground? I think there's

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Speaker 1: a lot of common ground, at least I hope. So,

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Speaker 1: I mean, we're doing things like banning choke holds, and

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Speaker 1: we people keep dying with the circles and they're unnecessary.

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Speaker 1: We on a national database for police misconduct, including deaths

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Speaker 1: under under police hands. You know, the democracy thrives when

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Speaker 1: we know what's happening. But we're driven by data, then

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Speaker 1: we make good policy choices. I you know, there are

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Speaker 1: a lot of wonderful cops out there, most of them,

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Speaker 1: but we've got to make sure that we can reign

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Speaker 1: in the bad cops and protect our people. And that

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Speaker 1: should be a bipartisan initiative. So when but but but

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Speaker 1: how do you do that? Because so many of these Republicans,

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Speaker 1: as you know, I mean, they're saying that that a

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Speaker 1: lot of these protesters that this is just a non

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Speaker 1: starter for them. So how do you which Republicans are

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Speaker 1: Which specifically is there an appetite to have a smaller

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Speaker 1: version of the bill that could garner Republican support. Well,

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Speaker 1: I'm not sure that Donald Trump will sign anything. UM,

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Speaker 1: So I don't know that we wanted to water it

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Speaker 1: down right now, there's nothing in there is unreasonable UM.

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Speaker 1: For example, one of the things says that all federal

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Speaker 1: officers will have body cameras, and you've certainly have seen

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Speaker 1: of body cameras. They protect people who are being police,

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Speaker 1: but also protects the policeman from you know, um frivolous

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Speaker 1: lawsuit claims. It's a really good thing. And we've discovered,

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Speaker 1: you know, a lot of the stufs been going on

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Speaker 1: forever and ever we're only reacting to it now because

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Speaker 1: of body cameras. So these are things that I think

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Speaker 1: most reasonable people can agree on. That was Congressman Don Bayer.

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Speaker 1: From any of you, you're a congressman. Uh, he represents

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Speaker 1: Northern Virginia Democrat. And coming up next, we're gonna check

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Speaker 1: in with mc mulvaney. You don't want to miss that.

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Speaker 1: And I also just want to note that there's been

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Speaker 1: a White House meeting. According to reports now coming from

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Speaker 1: Capitol Hill, the White House is arranging a meeting with

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Speaker 1: some lawmakers, including Senator Tim Scott More. Next, this is

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Speaker 1: Bloomberg's Sound On with Kevin Surley on Bloomberg and one

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Speaker 1: oh five point seven f m H too. My name

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Speaker 1: is Kevin CURRELLI I'm the chief Washington correspondent for Bloomberg

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Speaker 1: TV and Radio. And he calls himself the Ace. He

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Speaker 1: is our radio tech producer, and he is celebrating his

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Speaker 1: twenty three birthday. Marufu Hossain, Happy birthday, buddy, I remember

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Speaker 1: when I turned twenty three, all those years ago. Earlier today,

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Speaker 1: on Bloomberg Television, I interviewed Mick mulvaney, the president's former

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Speaker 1: chief of staff and the president's former budget director. We

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Speaker 1: talked about all things the economy. Let's roll tape. I

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Speaker 1: absolutely think there's going to be. I just think it's

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Speaker 1: one of those things that Washington does when it doesn't

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Speaker 1: really know what else to do. The question is whether

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Speaker 1: or not they should do it. Um. I'm in the camp.

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Speaker 1: I think Mitch McConnell was there at one point that says,

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Speaker 1: maybe it's a good idea to wait. Not all the

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Speaker 1: money has flown out of the first has been distributed

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Speaker 1: out of the first program yet. Um. As you mentioned

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Speaker 1: in the lead in there, you've you've seen an uptaking

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Speaker 1: the jobs numbers. UM, So maybe now is not the time.

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Speaker 1: I'm not saying that we shouldn't do one ever, but

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Speaker 1: it may be too soon to do it effectively. Face

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Speaker 1: it when we start throwing hundreds of billions and trillions

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Speaker 1: of dollars that at problems. UM. One of the things

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Speaker 1: we get that people don't pay much attention to until

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Speaker 1: after the fact is fraud and waste and lost loss.

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Speaker 1: And I think the better plan now would be to

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Speaker 1: take a deep breath and see what happens in the

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Speaker 1: next thirty days. You know, make You and I have

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Speaker 1: talked about this dating back to your time in Congress,

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Speaker 1: but the President has really been talking more frequently about

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Speaker 1: the issue of the payroll tax. Do you think that

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Speaker 1: could be a potential solution or does that just not

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Speaker 1: have any appetite not just from Democrats but from Republicans

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Speaker 1: in Congress now. I don't know if there's much appetite

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Speaker 1: for the Republicans. I don't know. The President has has

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Speaker 1: said some good things about it in the past. I

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Speaker 1: think one of the challenges you face with that is

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Speaker 1: that it's not very stimulative. UM. It is. It is

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Speaker 1: a way to get more money in the into the

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Speaker 1: middle class, but not not the most stimulative type of

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Speaker 1: program that you can have. That being said, it's better.

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Speaker 1: It's better than say, a unemployment scheme that pays people

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Speaker 1: not to work. UM. Similarly, you know, going back to

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Speaker 1: work bonus is probably not the most effective way to

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Speaker 1: to get the econd of a jump started, but it's

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Speaker 1: better than giving people an incentive to stay home, So

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Speaker 1: you got to look at it, Kevin, in terms of

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Speaker 1: a relative relative scale. Congress is not famous for doing

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Speaker 1: the absolute best thing, but sometimes it's best for them.

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Speaker 1: You know, it's an accomplishment just not to do the

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Speaker 1: worst thing. And if the next stimulus, if it comes,

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Speaker 1: and I again, I think it's probably going to come

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Speaker 1: at some point in the near future, as long as

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Speaker 1: it doesn't do anything to warp things for the worst.

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Speaker 1: And I think you're okay this issue of record number

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Speaker 1: of Americans filing for unemployment as the economy reopens. Are

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Speaker 1: you worried that there might not be an incentive for

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Speaker 1: people to go back to work, especially if they're potentially

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Speaker 1: making more money on unemployment, And how do you make

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Speaker 1: sure that that doesn't happen? Is there a distance center

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Speaker 1: to go back to work now that they're absolutely is

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Speaker 1: out it? There's folks who make more money staying home.

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Speaker 1: I mean, there's been anecdotal evidence against uh. Anecdotes is

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Speaker 1: not there's not equal data, but their stories about folks

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Speaker 1: getting mad at their employer for not taking the program

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Speaker 1: because they wanted to take the unemployment payments because it

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Speaker 1: was more than they were making actually working. Those types

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Speaker 1: of misaligned incentives are are are are problematic, and they

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Speaker 1: are right when you end up rushing through large government programs.

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Speaker 1: So no, I do think there's a distance sent up

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Speaker 1: to work right now. I do hope that that program

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Speaker 1: is not renewed when it comes up in July. Um,

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Speaker 1: that doesn't mean you can't do something else. We should

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Speaker 1: not repeat the mistakes we've already made. We got one

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Speaker 1: minute less and I want to ask you about this

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Speaker 1: issue of local austerity because so many towns across the

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Speaker 1: country are hurting, the hurting from the pandemic, they're hurting

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Speaker 1: from having to close down. Uh, there's been unrest throughout

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Speaker 1: the country. How do we combat this issue of local

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Speaker 1: austerity at a time when so many local budgets are hurting. Um,

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Speaker 1: you know that's the decision of localities are gonna make.

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Speaker 1: I mean, I know many Apple of Goodness grations is

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Speaker 1: looking at defunding the police, which I think is absurd.

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Speaker 1: A lot of people think it's absurd. Um, if that's

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Speaker 1: what they want to try and do, their democratically elected.

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Speaker 1: I say, give him a chance to do it, and

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Speaker 1: and and and and use that American experiment as to

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Speaker 1: see if it works. I have a feeling I know

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Speaker 1: how it turns out. Um, but I obviously don't think

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Speaker 1: you're gonna have a lot of folks start to reject

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Speaker 1: progressivesm until they see what it means on the ground.

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Speaker 1: So I'm not a big fan of the federal government

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Speaker 1: coming in and saying you have to do X, Y

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Speaker 1: and Z. Also not a big fan of federal government

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Speaker 1: coming into bailout towns and counties and cities. I am

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Speaker 1: a very big fan of having those localities make their

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Speaker 1: own decisions to the best of their ability. That was

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Speaker 1: mc mulmahy, President Trump's former chief of staff, pivoting. Now

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Speaker 1: it's a politics. Scott Trenter, CEO of Optimists and former

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Speaker 1: data science director for Marco Rubio for Presidents campaign. He

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Speaker 1: joins us on the line, and they've got a new

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Speaker 1: pull out Optimist polling as a new pull out on alright, Scott,

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Speaker 1: I look at these national polls. Former VP Joe Biden,

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Speaker 1: he's leading double digits some polls. What do you guys find, Yeah,

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Speaker 1: we find the same thing. He has held a arranging

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Speaker 1: from a five to eleven point lead over the last month,

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Speaker 1: and it's peaking at eleven points. And for for what

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Speaker 1: it's worth, Killer Clinton never held this lead over Donald

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Speaker 1: Trump and the and the national polling. So this is

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Speaker 1: new territory for democratic challenger against the president. So what

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Speaker 1: does Trump have to do to prevent Biden from running

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Speaker 1: away with this thing? Well, it's it's funny when you

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Speaker 1: look at the cross teps, you look what's going on.

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Speaker 1: People would like some calm um. You know, it's they're

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Speaker 1: certainly divided on whether the protests are warranted or not,

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Speaker 1: but they do want it calm. They want the coronavirus

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Speaker 1: to end, and they want to be back in employed

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Speaker 1: to the extent the president can help with those things,

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Speaker 1: which you know is that for another topic is uh

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Speaker 1: is up for debate. But those are the three things

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Speaker 1: they want, um, and until they get it, they're going

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Speaker 1: to you know, they're gonna sign some blame or some

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Speaker 1: credit to the president for that. They want some calm,

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Speaker 1: they want some a sense of a sense of normality,

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Speaker 1: but the one normality. Okay, but let me ask this though,

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Speaker 1: because I mean, you talked to to the re election campaign,

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Speaker 1: and they're pointing that this is gonna be a turnout election.

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Speaker 1: So if this is a turnout election, it's not going

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Speaker 1: to be a campaign of calm, and the president is

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Speaker 1: going to try to boost turnout. And the way to

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Speaker 1: do that is to, you know, let Donald be nondled. Right.

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Speaker 1: I'm not saying it's a winning strategy. I'm saying it's

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Speaker 1: it's that's right now, has been the strategy up to

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Speaker 1: this point. And it's interesting. We're voting tonight. There's a

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Speaker 1: several states voting tonight. They had the delayed primaries, and

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Speaker 1: we're seeing increased turnout because of this vote by mail

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Speaker 1: and things like that across the board, not just Democrats

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Speaker 1: or Republicans, both both parties are turning out more. I

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Speaker 1: would be surprised, I'm gonna say this early, and this

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Speaker 1: is where my colleagues kind of get on me. I

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Speaker 1: would be surprised if turnout wasn't at least slightly up

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Speaker 1: from who that helps. That's a different question. Is there

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Speaker 1: any good news in the polls for for Donald Trump?

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Speaker 1: UM in the battleground states, which is really where this

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Speaker 1: race is one electoral college. He is Look, he's dipped

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Speaker 1: in the in the in the rust belt Michigan, Wisconsin, Pennsylvania.

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Speaker 1: He was leading there and our stuff about eight nine

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Speaker 1: months ago. He's no longer leading there now, but it's

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Speaker 1: still within striking distance. And the only thing I know

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Speaker 1: is it wouldn't be an election season. A list of

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Speaker 1: stuff tightened up over the summer as we get in

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Speaker 1: a labor day. So I don't think it's over for

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Speaker 1: him yet. Okay, But but you say that he's doing

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Speaker 1: well in the battlegrounds, elaborate on that, because I don't

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Speaker 1: think people. I mean, you see these national polls and

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00:24:27,160 --> 00:24:28,719
Speaker 1: he's up by double digits, but I mean, if you're

430
00:24:28,760 --> 00:24:33,600
Speaker 1: pulling like Californifornians not trying to not California, but Trump's

431
00:24:33,600 --> 00:24:36,040
Speaker 1: not gonna win California. But so elaborate on the cross

432
00:24:36,040 --> 00:24:38,879
Speaker 1: tabs of what we're seeing in the battlegrounds and demographics

433
00:24:40,080 --> 00:24:42,399
Speaker 1: and and I should clarify I don't necessarily he's been

434
00:24:42,400 --> 00:24:47,200
Speaker 1: certainly trending down in states like Pennsylvania, Wisconsin, Michigan, UM

435
00:24:47,359 --> 00:24:51,960
Speaker 1: states like Colorado, UM UH states that he needs to win.

436
00:24:52,040 --> 00:24:54,040
Speaker 1: These were the state's key to his election victory in

437
00:24:54,480 --> 00:24:57,040
Speaker 1: sixteen and up until a few months ago, he was

438
00:24:57,119 --> 00:24:59,800
Speaker 1: leading there. Now he's within striking distance. He's behind, but

439
00:24:59,840 --> 00:25:02,639
Speaker 1: with in a few points. And that's where that targeted advertising.

440
00:25:02,680 --> 00:25:04,520
Speaker 1: You know, this campaign is gonna have more money than

441
00:25:04,560 --> 00:25:06,800
Speaker 1: it did last time, and he's gonna be you know,

442
00:25:06,880 --> 00:25:08,520
Speaker 1: the power of the incumbent. See, he's gonna need to

443
00:25:08,520 --> 00:25:10,280
Speaker 1: go to those states and he's gonna need to take

444
00:25:10,280 --> 00:25:12,119
Speaker 1: back the few points that he's lost there over the

445
00:25:12,200 --> 00:25:14,080
Speaker 1: last few months. And if he can do that in

446
00:25:14,119 --> 00:25:19,639
Speaker 1: states like Michigan, Wisconsin, um Pennsylvania, North Carolina, Arizona, Colorado,

447
00:25:19,840 --> 00:25:21,680
Speaker 1: that's where he's gonna be able to come back and

448
00:25:21,960 --> 00:25:24,439
Speaker 1: win it. Scott Schanners on the line. He's the CEO

449
00:25:24,480 --> 00:25:27,120
Speaker 1: of Optimists and he's a former data science directors Marco

450
00:25:27,200 --> 00:25:30,040
Speaker 1: Rubia's presidential campaign. You know, I'm struck by how the

451
00:25:30,040 --> 00:25:33,000
Speaker 1: protests have been playing. What have you noticed in terms

452
00:25:33,000 --> 00:25:34,919
Speaker 1: of polling? Are are we still we're still kind of

453
00:25:34,920 --> 00:25:36,600
Speaker 1: in the middle of it, But what if what is

454
00:25:36,600 --> 00:25:38,760
Speaker 1: the What are the early polls indicated about how it's

455
00:25:38,800 --> 00:25:43,440
Speaker 1: impacting policymakers. So the most interesting thing to me about

456
00:25:43,440 --> 00:25:46,880
Speaker 1: the polling and policy makers is for Tom Cotton wrote

457
00:25:46,920 --> 00:25:49,119
Speaker 1: an op ed earlier this week where he started a

458
00:25:49,119 --> 00:25:52,760
Speaker 1: morning CONSIL poll that's at fifty of American support using

459
00:25:52,960 --> 00:25:56,280
Speaker 1: United active duty United States UM troops to to to

460
00:25:56,560 --> 00:26:02,040
Speaker 1: call the protests. Fifty scent of Americans. Did I hear

461
00:26:02,080 --> 00:26:08,280
Speaker 1: that right? Eight percent? Wow? Fifty eight percent of Americans

462
00:26:08,280 --> 00:26:15,720
Speaker 1: support using the National Guard active duty military right there,

463
00:26:15,800 --> 00:26:17,800
Speaker 1: right there for now and coming up, we're gonna have

464
00:26:17,880 --> 00:26:36,320
Speaker 1: more on Bloomberg. This is Bloomberg Sound On with Kevin

465
00:26:36,320 --> 00:26:40,560
Speaker 1: Surrele on Bloomberg and one oh five point seven f

466
00:26:40,680 --> 00:26:42,960
Speaker 1: M h D two. My name is Kevin Surley, on

467
00:26:43,000 --> 00:26:45,800
Speaker 1: the Chief Washington correspondent to Bloomberg TV and Radio. We

468
00:26:45,960 --> 00:26:49,720
Speaker 1: had to jump, but Scott Tranter is still on the line.

469
00:26:49,760 --> 00:26:52,240
Speaker 1: He is the CEO of Optimus, which is a big

470
00:26:52,280 --> 00:26:55,320
Speaker 1: polling firm here in the nation's capital. He's also the

471
00:26:55,359 --> 00:26:59,720
Speaker 1: former data science director Guru guy from Marco Rubio's presidential

472
00:26:59,800 --> 00:27:02,880
Speaker 1: care pain. Okay, And Wendy Benjaminson's on the line as well.

473
00:27:03,119 --> 00:27:06,879
Speaker 1: She is Bloomberg Politics editor. Uh, and so grateful to

474
00:27:06,880 --> 00:27:12,800
Speaker 1: have Wendy. Wendy, how are you goodhead Ken the show again? Good,

475
00:27:12,840 --> 00:27:15,000
Speaker 1: So listen, I'm gonna I'm gonna ask God a question

476
00:27:15,040 --> 00:27:16,760
Speaker 1: because we're you guys are working from home. I'm back

477
00:27:16,800 --> 00:27:18,679
Speaker 1: in the bureau, Wendy. It's not the same. No one's here.

478
00:27:18,720 --> 00:27:22,400
Speaker 1: I'm alone, but there there, I'm holding down the part.

479
00:27:23,440 --> 00:27:27,480
Speaker 1: I know, I know. Um. Sorry, I'm like now now

480
00:27:27,520 --> 00:27:29,680
Speaker 1: I have to remind myself. I'm actually doing a show

481
00:27:29,720 --> 00:27:31,680
Speaker 1: because I want to catch up with Wendy. Like we're

482
00:27:31,720 --> 00:27:35,280
Speaker 1: talking on the phone, but Kevin, you're on air. Okay,

483
00:27:35,280 --> 00:27:37,240
Speaker 1: So Wendy, here's what I'm gonna do. I'm gonna Askott

484
00:27:37,240 --> 00:27:42,200
Speaker 1: a question about UH the UH protest polling, and then

485
00:27:42,240 --> 00:27:46,320
Speaker 1: just respond and we can have a dialogue and a conversation. Okay. So, Scott,

486
00:27:46,520 --> 00:27:49,480
Speaker 1: before the break, you were telling us about how use

487
00:27:49,560 --> 00:27:53,560
Speaker 1: of military force was fifty eight percent support, and yet

488
00:27:53,560 --> 00:27:56,600
Speaker 1: the president's poll numbers have significantly taken a hit. So

489
00:27:56,720 --> 00:28:00,399
Speaker 1: go explain this. I'm packaged this for us. Sure. So

490
00:28:00,440 --> 00:28:03,119
Speaker 1: when Tom Cotton's out ed, he references a morning Console

491
00:28:03,240 --> 00:28:06,679
Speaker 1: poll that said fifty percent of Americans wanted to or

492
00:28:06,720 --> 00:28:09,720
Speaker 1: supported the youth of actidoo military to aid and and

493
00:28:09,800 --> 00:28:13,600
Speaker 1: putting down the protests. A week later, multiple polls, including

494
00:28:13,640 --> 00:28:16,440
Speaker 1: the poll that originally showed that showed that number declined

495
00:28:16,480 --> 00:28:20,080
Speaker 1: to below fifty anywhere from so in other words, and

496
00:28:20,240 --> 00:28:22,560
Speaker 1: over the course of a week, while these people staying

497
00:28:22,600 --> 00:28:26,000
Speaker 1: home watching this on television, they went from the majority

498
00:28:26,040 --> 00:28:28,520
Speaker 1: of them supporting active US to the military to less

499
00:28:28,520 --> 00:28:32,040
Speaker 1: than the majority. Still high, but you can see what

500
00:28:32,040 --> 00:28:34,080
Speaker 1: the power of the television is and how a week

501
00:28:34,119 --> 00:28:36,520
Speaker 1: worth of news, especially over the weekend, really did to

502
00:28:36,800 --> 00:28:38,960
Speaker 1: some of these polling numbers. And Wendy, I mean even

503
00:28:39,000 --> 00:28:41,760
Speaker 1: this on Capitol Hill, Mark Meadows, the president's current chief

504
00:28:41,760 --> 00:28:44,760
Speaker 1: of staff, was up on Capitol Hill just an hour

505
00:28:44,840 --> 00:28:48,120
Speaker 1: ago and told reporters that the president wants to overhaul

506
00:28:48,160 --> 00:28:53,040
Speaker 1: police reform. Meanwhile, Biden has a video at George Floyd's

507
00:28:53,040 --> 00:28:56,640
Speaker 1: memorial service today. So I mean, this is this is

508
00:28:56,960 --> 00:29:03,720
Speaker 1: front and center of the presidential the presidential election. It

509
00:29:03,840 --> 00:29:06,960
Speaker 1: absolutely is, and it's one of those electioneer things that

510
00:29:07,080 --> 00:29:09,840
Speaker 1: no one expected to have to deal with at this level.

511
00:29:09,920 --> 00:29:14,440
Speaker 1: But now they both you know, absolutely must deal with

512
00:29:14,520 --> 00:29:18,560
Speaker 1: this question. And Biden is trying to navigate a very

513
00:29:18,640 --> 00:29:24,640
Speaker 1: careful spot here between his base of black voters and

514
00:29:26,000 --> 00:29:30,320
Speaker 1: the law and order white working classrooms. Uh, you know

515
00:29:30,400 --> 00:29:33,320
Speaker 1: Obama Trump voters that he did he definitely needs to

516
00:29:33,320 --> 00:29:35,680
Speaker 1: get back. So let's let me let me follow up

517
00:29:35,680 --> 00:29:38,440
Speaker 1: with that, Wendy Benjaminson, because for Biden to come out

518
00:29:38,440 --> 00:29:41,200
Speaker 1: and say that he is not for defunding the police,

519
00:29:41,440 --> 00:29:44,640
Speaker 1: that's got to make some progressives uncertain, does it not.

520
00:29:46,120 --> 00:29:49,120
Speaker 1: It probably makes them a little uncertain. But the truth

521
00:29:49,240 --> 00:29:53,800
Speaker 1: is the defund is one of those you know, phrases

522
00:29:53,840 --> 00:29:57,000
Speaker 1: that has come to mean whatever the beholder wants it

523
00:29:57,080 --> 00:29:59,880
Speaker 1: to mean. I mean, what Biden is talking about is

524
00:30:00,040 --> 00:30:03,480
Speaker 1: putting more money in community policing and putting more money

525
00:30:03,480 --> 00:30:06,520
Speaker 1: and training and getting a use of force standard. I

526
00:30:06,560 --> 00:30:09,360
Speaker 1: think there are very few people on Capitol Hill are

527
00:30:09,400 --> 00:30:13,720
Speaker 1: off who really mean take all money away from police departments.

528
00:30:14,120 --> 00:30:15,840
Speaker 1: I mean there are there is still a need in

529
00:30:15,920 --> 00:30:20,160
Speaker 1: Discovery for police department of some time and so I

530
00:30:20,240 --> 00:30:22,040
Speaker 1: but I do think you're right that there are some

531
00:30:22,080 --> 00:30:24,400
Speaker 1: progressives on the left and some of the activists in

532
00:30:24,440 --> 00:30:27,600
Speaker 1: the protests who will wish for more and we'll push

533
00:30:27,680 --> 00:30:31,880
Speaker 1: him for more. UH the Scott Trainer, UH strategists and

534
00:30:32,120 --> 00:30:35,480
Speaker 1: a CEO of Optimists which has done all of this poem.

535
00:30:35,600 --> 00:30:38,240
Speaker 1: You know. I hear Wendy talk about that, especially on

536
00:30:38,280 --> 00:30:41,600
Speaker 1: the issue of defunding the police, and and where Biden is,

537
00:30:41,640 --> 00:30:44,800
Speaker 1: I mean, he's got a pretty solid lead and is

538
00:30:44,880 --> 00:30:48,840
Speaker 1: leading at least slightly in the battleground states. But where

539
00:30:48,880 --> 00:30:52,280
Speaker 1: are Americans on the economy? Who do Americans trust right

540
00:30:52,320 --> 00:30:56,600
Speaker 1: now with the economy in terms of reopening? Well, it's

541
00:30:56,640 --> 00:30:58,200
Speaker 1: like all point it kind of events, and you asked

542
00:30:58,200 --> 00:31:00,840
Speaker 1: the question. But by and large there as it holds

543
00:31:01,040 --> 00:31:04,440
Speaker 1: um uh net positive support among do they trust him

544
00:31:04,480 --> 00:31:08,479
Speaker 1: to to handle the economy? Again, it varies unwording, but

545
00:31:08,480 --> 00:31:10,240
Speaker 1: but he's largely there. And that's that's kind of where

546
00:31:10,280 --> 00:31:12,520
Speaker 1: Republicans have been historically, and that's why you see the

547
00:31:12,520 --> 00:31:15,000
Speaker 1: President out front, you know, pushing these states to open

548
00:31:15,080 --> 00:31:17,160
Speaker 1: up and saying people need to go back to work. So,

549
00:31:17,240 --> 00:31:19,760
Speaker 1: Wendy the calculation. I mean, I was talking to sources

550
00:31:19,760 --> 00:31:22,680
Speaker 1: at the Treasury Department on Friday and and they were

551
00:31:22,680 --> 00:31:24,680
Speaker 1: breathing a side of relief. They think that the that

552
00:31:24,760 --> 00:31:27,719
Speaker 1: the job support is good for them. Uh. The two

553
00:31:27,760 --> 00:31:30,000
Speaker 1: point five million jobs added to the U. S economy

554
00:31:30,560 --> 00:31:33,280
Speaker 1: the biggest, you know ever as states have have at

555
00:31:33,360 --> 00:31:36,920
Speaker 1: least in recent years, states are continuing to reopen. Democrats

556
00:31:37,200 --> 00:31:42,040
Speaker 1: question that report obviously, But is that something that makes

557
00:31:42,080 --> 00:31:48,520
Speaker 1: Biden world uneasy? Uncertain? If this is an economic election well,

558
00:31:48,640 --> 00:31:50,560
Speaker 1: the economy is going to be a big part of

559
00:31:50,600 --> 00:31:53,480
Speaker 1: the election. Absolutely, but I don't think that may jobs

560
00:31:53,480 --> 00:31:57,480
Speaker 1: report makes them uneasy at all. Those apparently from what

561
00:31:57,600 --> 00:32:00,400
Speaker 1: Bloomberg is reporting, yeah, that those are the people who

562
00:32:00,400 --> 00:32:03,360
Speaker 1: were temporarily furloughed who are getting their jobs back as

563
00:32:03,400 --> 00:32:07,560
Speaker 1: businesses begin to reopen. That's two million more people employed.

564
00:32:07,560 --> 00:32:11,720
Speaker 1: There are still thirty eight million people unemployed, and in

565
00:32:12,120 --> 00:32:16,240
Speaker 1: black and Latino unemployment is still hovering around sixteen or

566
00:32:16,280 --> 00:32:20,840
Speaker 1: seventeen percent. So Biden has plenty of space to argue

567
00:32:20,880 --> 00:32:23,960
Speaker 1: that the economy under Trump is not working. Is there

568
00:32:24,000 --> 00:32:28,240
Speaker 1: anything that Trump World feels competent about? Are there any

569
00:32:28,440 --> 00:32:31,680
Speaker 1: you know, any anything that they're optimistic about or they

570
00:32:31,720 --> 00:32:35,320
Speaker 1: feel that that is going to propel them. I think

571
00:32:35,360 --> 00:32:38,480
Speaker 1: they're really hoping that the economy will continue to grow

572
00:32:38,520 --> 00:32:44,120
Speaker 1: and come back as things reopen, as the um pandemic begins,

573
00:32:44,280 --> 00:32:48,080
Speaker 1: maybe the infection rates to drop. UM then there. That's

574
00:32:48,080 --> 00:32:50,440
Speaker 1: what they're hoping on is the third and fourth quarter

575
00:32:50,520 --> 00:32:53,800
Speaker 1: will be much better. And the Trump can argue, as

576
00:32:53,880 --> 00:32:57,240
Speaker 1: he has been, that he built the economy once. I

577
00:32:57,240 --> 00:33:00,840
Speaker 1: mean he didn't, but he says that and he can

578
00:33:00,840 --> 00:33:04,120
Speaker 1: do it again. But that's that's his campaigns pluses. So

579
00:33:04,200 --> 00:33:06,520
Speaker 1: he really that's why he got so excited about that

580
00:33:06,600 --> 00:33:09,080
Speaker 1: numbers Friday. He really needs that number to keep going up,

581
00:33:09,320 --> 00:33:11,400
Speaker 1: you know, Wendy and Scott. I'll never forget this. A

582
00:33:11,400 --> 00:33:15,400
Speaker 1: couple of years ago, uh, Frank Luntz invited me to

583
00:33:16,120 --> 00:33:18,160
Speaker 1: one of his focus groups to observe the way that

584
00:33:18,200 --> 00:33:20,440
Speaker 1: they conduct the focus groups. And it's like you're in

585
00:33:20,480 --> 00:33:22,400
Speaker 1: like a police briefing room, you know, and there's like

586
00:33:22,440 --> 00:33:25,760
Speaker 1: criminal movies where you have the glass or it's a

587
00:33:25,800 --> 00:33:28,880
Speaker 1: mirror wall and the detectives are sitting behind it and

588
00:33:28,880 --> 00:33:30,840
Speaker 1: that you can't see, you know. You know, I'm trying

589
00:33:30,880 --> 00:33:32,760
Speaker 1: to explain. I know, I'm on radio and I'm supposed

590
00:33:32,800 --> 00:33:35,040
Speaker 1: to be more descriptive, but you get my gist. So

591
00:33:35,080 --> 00:33:38,920
Speaker 1: they put these pole groups in this room, and Frank Luntz,

592
00:33:39,040 --> 00:33:42,480
Speaker 1: the legendary, is sitting up there asking them questions of

593
00:33:42,520 --> 00:33:45,080
Speaker 1: a focus group in front of a mirror. I'm sitting

594
00:33:45,120 --> 00:33:48,080
Speaker 1: behind the mirror with a couple of other people observing

595
00:33:48,120 --> 00:33:50,800
Speaker 1: this in a real time. And every time I read

596
00:33:50,800 --> 00:33:53,840
Speaker 1: Scott Trainer's poles, I I think of that, because this

597
00:33:53,920 --> 00:33:56,560
Speaker 1: is what this is what the strategists and Biden world

598
00:33:56,560 --> 00:33:58,760
Speaker 1: and the strategists and Trump world are gonna do. They're

599
00:33:58,760 --> 00:34:03,760
Speaker 1: gonna try to find some type of question or impact

600
00:34:03,840 --> 00:34:07,160
Speaker 1: and say that's the glean of hope that we need

601
00:34:07,200 --> 00:34:10,560
Speaker 1: to reshift this campaign. I'm looking at your poll Optimist poll,

602
00:34:10,600 --> 00:34:15,200
Speaker 1: and it says almost two thirds of all Americans think

603
00:34:15,239 --> 00:34:19,879
Speaker 1: the riots and protests will hurt the economy rather than

604
00:34:20,040 --> 00:34:25,080
Speaker 1: improve it. Of Americans don't think they will have any

605
00:34:25,120 --> 00:34:29,400
Speaker 1: effect on economic recovery. If you're in President Trump's reelection campaign,

606
00:34:29,640 --> 00:34:31,960
Speaker 1: that's what you're focusing in on, is it not, Scott,

607
00:34:33,280 --> 00:34:35,440
Speaker 1: exactly what your focus on, which is exactly why he

608
00:34:35,480 --> 00:34:37,440
Speaker 1: saw we could go him come out and do his

609
00:34:37,480 --> 00:34:40,200
Speaker 1: show of force and his we're gonna come out strong

610
00:34:40,280 --> 00:34:42,359
Speaker 1: and urge the governors and the mayors to shut down

611
00:34:42,400 --> 00:34:45,360
Speaker 1: the protests. I mean, he's a pretty literal reader of

612
00:34:45,480 --> 00:34:48,319
Speaker 1: polls and takes them at face value. And that's what

613
00:34:48,360 --> 00:34:51,400
Speaker 1: he read and that's what he did. All Right, Wendy,

614
00:34:51,400 --> 00:34:56,080
Speaker 1: I'm gonna give you the final word. Well, we're gonna

615
00:34:56,120 --> 00:35:04,800
Speaker 1: see what happens into January. But they both have arguments

616
00:35:04,800 --> 00:35:07,080
Speaker 1: they can make, they both have their base. We'll see

617
00:35:07,120 --> 00:35:09,359
Speaker 1: what happened, all right, We'll see what happens, all right.

618
00:35:09,360 --> 00:35:12,840
Speaker 1: Scott transfer CEO of Optimist, former Data science, directors of

619
00:35:12,880 --> 00:35:16,440
Speaker 1: Rubio's presidential campaign, and of course the one and only

620
00:35:16,600 --> 00:35:22,200
Speaker 1: Wendy Benjaminson, Bloomberg Politics Editor, give my regards to both

621
00:35:22,239 --> 00:35:24,680
Speaker 1: of your family's friends. Thank you appreciate it. Coming up tomorrow,

622
00:35:24,719 --> 00:35:28,480
Speaker 1: we're gonna talk more Venusians on Capitol Hill. J. Powell's

623
00:35:28,480 --> 00:35:31,200
Speaker 1: gonna be talking. We'll give you the latest policy and politics.

624
00:35:31,280 --> 00:35:34,080
Speaker 1: Download the Bloomberg Sound On podcast on Apple Jeans of

625
00:35:34,080 --> 00:35:36,160
Speaker 1: Bloomberg dot com or but downloading the Bloomberg Business app.

626
00:35:36,160 --> 00:35:37,719
Speaker 1: You can also find me on radio dot com, I

627
00:35:37,760 --> 00:35:41,240
Speaker 1: Heart Radio and Spotify. Another happy birthday to our radio

628
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Speaker 1: tech producer mar Ruffel Hussin as he calls himself, and

629
00:35:46,080 --> 00:35:49,240
Speaker 1: Christine Murata not surely always a pleasure of my friends.

630
00:35:49,840 --> 00:35:53,279
Speaker 1: I'm Kevin Surlei, Chief Washington coresponded from Bloomberg TV and

631
00:35:53,400 --> 00:35:57,239
Speaker 1: Radio and you're listening to Bloomberg ninety nine one